:?
t
-r-vi
l^iV^*\
Given By
U. S. 3UPT. OP ©©eUMENTS
^
STATISTICS OF INCOME
FOR 1936
PART 1
COMPILED FROM INDIVIDUAL INCX>ME TAX RETURNS
ESTATE TAX RETURNS AND GIFT TAX RETURNS
UNITED STATES TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE - WASHINGTON. D. C.
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1936
PART 1
COMPILED FROM INDIVIDUAL INCOME TAX
RETURNS, ESTATE TAX RETURNS
AND GIFT TAX RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION, INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1938
<^(o«
For sale by the Superintendent of Documents, Washington. D. C.
Price 20 cents
c/
"' ^' SUPtKiHit,JUENT OF DOCUWtNIS
DEC 5 1938
7/wy^o
CONTENTS
Page
Official transmittal : 1-79
INDIVIDUAL INCOME TAX RETURNS
Returns tabulated 1-2
Definition of net income 3
Tax liability and collections 3-4
Geographic distribution 4
Comparability with previous reports 4
Number of returns, net income, and tax 4
Simple and cumulative distribution by net income classes of number of
returns, net income, and tax 5-6
Classification by sex and family relationship 6
Personal exemption and credits against net income 7
Capital gains and losses 8
Sources of income and deductions 8-9
Amounts and percentages 10
Number of returns, and for returns with net income of $5,000 and
over, number for each specific source of income and deduction, by
net income classes 11-12
Percentage distribution, by net income classes 13-14
Frequency distribution of selected sources of income and loss by net in-
come classes and by size of each source of income and loss 14-24
Profit and loss from business, by industrial groups, returns with net in-
come of $5,000 and over 25-27
Wholly and partially tax-exempt obligations, returns with net income of
$5,000 and over -. 28
Amount owned and interest received, by net income classes 29-30
Returns on Form 1040 with no net income 30-31
By deficit classes 31
Sources of income and deductions, amounts 31
Number of returns by counties, cities, and towns 32
PARTNERSmP RETURNS OF INCOME
Number by years, 1917-36 - 32
HISTORICAL SUMMARIES, INDIVIDUAL INCOME TAX RETURNS
Number of returns, net income, tax before credits, tax credits, and tax,
1913-36 33-34
Number of returns, by net income classes, 1914—36 34-35
Net income, by net income classes, 1916-36 36-37
Tax, by net income classes, 1916-36 37-38
Effective tax rate (percent), by net income classes, 1916-36 38-39
Sources of income and deductions and net income, 1916-36 39-44
All returns 39-41
Returns with net income of $5,000 and over 41-44
m
IV CONTENTS
ESTATE TAX RETURNS
Page
General explanations 45-47
Table 1. Taxable and nontaxable estate tax returns of citizen or resident
decedents, by revenue acts under which returns were filed:
number of returns, gross estate, deductions, total insurance,
tax-exempt insurance, net estate and tax 48-50
Table 2. All citizen or resident decedents filed during calendar year 1937. _ 51-53
Table 2 A. Resident decedents who died prior to May 11, 1934 54-55
Table 2B. Citizen or resident decedents who died in period May 11,
1934, through August 30, 1935 56-57
Table 2C. Citizen or resident decedents who died on or after August
31, 1935 58-60
Number of returns, gross estate, deductions, total insurance, and
tax-exempt insurance, by net estate classes, for taxable returns.
Table 3. All citizen or resident decedents filed during calendar year 1937- _ 61-63
Table 3A. Resident decedents who died prior to May 11, 1934 64-65
Table 3B. Citizen or resident decedents who died in period May 11,
1934, through August 30, 1935 66
Table 3C. Citizen or resident decedents who died on or after August
31, 1935 67-68
Number of returns, net estate and tax, by net estate classes, for
taxable returns.
Table 4. Taxable and nontaxable estate tax returns of resident decedents
who died before May 11, 1934, and of citizens or resident dece-
dents who died after May 11, 1934, by States and Territories:
number of returns, gross estate, net estate, and tax 69-71
Table 5. Historical summary of returns of resident and nonresident de-
cedents filed in period 1916 through 1937 72-73
GIFT TAX RETURNS
General explanations 74-75
Total gifts, amount by trust, and all other gifts, 1936, by form of
property 75
Total number of returns, number of taxable and nontaxable returns,
total gifts, net gifts and tax, 1932-36 75
Number of returns, net gifts and tax, for identical donors, for 1936
and one or more prior years 76
Table 1. Gift tax returns, 1936, by net gift classes: number of returns,
total gifts by form of property, exclusions, total gifts after ex-
clusions, deductions, net gifts and tax 76-77
Table 2. Gift tax returns 1936, by total gift classes and by taxable and non-
taxable returns: number of returns, total gifts before exclu-
sions, exclusions, total gifts after exclusions, deductions, net
gifts and tax 78-79
CONTENTS V
BASIC TABLES— INDIVIDUAL INCOME TAX RETURNS
United States in aggregate (1-8, 10, 11): Page
1. By States and Territories 83
2. By net income classes 84-85
3. Simple and cumulative distribution, by net income classes. _ 86-88
4. Sex and family relationship, by States and Territories _ 89-91
5. Sex and family relationship, by net income classes 92-94
6. Sources of income and deductions, and net income, by States and
Territories 95-97'
7. Sources of income and deductions, and net income; also total
number of returns, and for returns with net income of $5,000
and over, number for each specific source of income and deduc-
tion, by net income classes 98-101
8. Profit and loss from business (sole proprietorship), returns with
net income of $5,000 and over, by size of profit and loss and by
industrial groups: number of businesses with profit or loss and
amount of profit or loss 102-107
10. Returns on Form 1040 with no net income: number of returns
and deficit by States and Territories ' 133
11. Returns on Form 1040 with no net income: sources of income and
deductions, and deficit, by deficit classes 133-134
States and Territories separately (9) :
9. By net income classes with historical summary, 1926-36 108-132
REVENUE ACTS OF 1913-1936 AND CERTAIN TAX PROVISIONS OF THE
NATIONAL INDUSTRIAL RECOVERY ACT (1933)— SYNOPSIS OF INDI-
VIDUAL INCOME AND PROFITS TAX RATES. ESTATE AND GIFT TAX
RATES, CREDITS AND EXEMPTIONS, AFFECTING THE COMPARABILITY
OF DATA IN "STATISTICS OF INCOME"
Individual:
Required to file returns, personal exemption, credit for dependents,
and normal tax rates, 1913-36 138-141
Surtax rates and total surtax, 1913-36 142-143
Supplemental income and profits tax rates and tax credits, 1917-36. 144-145
Estate tax:
Rates, total estate tax, specific exemption, and credits against estate
tax, 1916-35 146-147
Gift tax:
Rates, total gift tax, specific exemption, exclusions and deductions,
Revenue Acts 1924, 1932, and 1932 as amended by 1934 and 1935. _ 148
INCOME TAX FORMS
Facsimiles of Forms 1040, 1040A, and 1065 for 1936 _ 152-163
Index 165
STATISTICS OF INCOME FOR 1936
PART 1
INDIVIDUAL INCOME TAX RETURNS, ESTATE TAX RETURNS,
AND GIFT TAX RETURNS
Treasury Department,
Office of Commissioner of Internal Revenue,
Washington, D. C, October 25, 1938.
Sir: In accordance with tlae provision in the Revenue Act of 1916
and subsequent acts requiring the publication annually of statistics
with respect to the operation of the income, war-profits, and excess-
profits tax laws, I have the honor to transmit herewith a report
entitled "Statistics of Income for 1936, Part 1," prepared from indi-
vidual income tax returns for 1936 filed during 1937, with a historical
presentation of the income and of the tax liability reported by indi-
viduals since the inception of the present period of income taxation
under the sixteenth amendment to the Constitution. The report also
contains tabulations of data from estate tax returns filed during 1937,
irrespective of the date of death of the decedent, as well as tabulations
of data from gift tax returns filed during 1937, with brief historical
summaries.
INDIVIDUAL INCOME TAX RETURNS
RETURNS TABULATED
Individual income tax returns for years ended December 31, 1936,
and thereafter, are filed under the provisions of the Revenue Act of
1936, which was approved June 22, 1936. The major changes in the
provisions of this act, affecting individual income tax returns, as com-
pared with the provisions of the Revenue Act of 1934, under which
the returns for the preceding year were filed, were application of the
normal tax to the amount of dividends received from domestic cor-
porations, and increases in the surtax rates, applicable to surtax net
incomes in all brackets of over $50,000. The increases in the highest
surtax brackets, as compared with the rate of 59 percent previously
appHcable to surtax net income exceeding $1,000,000, are 73 percent
on that part of surtax net income in excess of $1,000,000 and not over
$2,000,000; 74 percent on the part in excess of $2,000,000 and not over
$5,000,000; and 75 percent on the part in excess of $5,000,000. (These
increased surtax rates were also contained in section 101 of the Reve-
nue Act of 1935, approved August 30, 1935, which was superseded by
section 12 of the Revenue Act of 1936.)
The year for which the income is reported is, in general, the calendar
year ended December 31, 1936. However, a negligible number of
individual returns is filed for a fiscal year other than the calendar year.
2 STATISTICS OF INCOME
The returns for a fiscal year ended within the period July 1936 through
June 1937 are tabulated with the calendar year returns for 1936.
There are also included part-year returns for which the greater part
of the accounting period falls in 1936. Individual income tax returns
for a fiscal year ended after June 30, 1936, and prior to December 31,
1936, are filed under the provisions of the Revenue Act of 1934.
The general tables for individuals include only returns vnih net
income. The data tabulated from individual returns with no net
income are shown on pages 30-31 and 133-134. Prior to 1928 no
tabulations were made from individual returns with no net income.
The filing of returns with no net income or with a net income of less
than $1,000, is due to (1) the provisions of the Revenue Act of 1921
and subsequent acts requiring that a return be filed by every individual
with gross income of $5,000 and over, irrespective of the amount of net
income or deficit, and by every married couple living together and
having an aggregate gross income of $5,000 and over; (2) married
couples electing to file separate returns, as provided by law; (3)
returns filed in the case of the death of the taxpayer covering the
income period to date of death, and (4) part-year returns filed by
taxpayers electing to change the accounting period.
The statistics are taken from returns as filed and prior to any re-
vision or adjustment that may subsequently be made as a result of
audit by the Bureau of Internal Revenue, and include data from
amended returns showing net income of $100,000 and over but not
from tentative returns, or amended returns with net income under
$100,000. The data from income tax returns filed by individuals
reporting net income of $5,000 and over are tabulated from each such
return. Individual returns with net income under $5,000 filed on
Form 1040, wliich display income characteristics similar to those
usually found in returns with net income of $5,000 and over, such as
varied or unusual sources of income or large total income, pass through
the Statistical Section, and the data are tabulated from each of these
returns.
The statistics pertaining to individual returns with net income under
$5,000, excepting those on Form 1040 specified above (wliich numbered
approximately 356,000), represent estimates based on samples of such
returns. All returns. Form 1040, are sent to Washington for adminis-
trative action and those mth net income under $5,000, excepting those
referred to above, are sampled by the Statistical Section. The re-
turns. Form 1040A, are retained in the collection districts and samples
only are sent to Washington. Averages for the various items from
a sample for each State are applied to the total number of returns of
the class which they represent to secure estimates for the particular
State.
The sample for 1936 included (1) approximately 250,000 returns,
Form 1040, representing nearly 25 percent of the total number of
taxable and nontaxable returns. Form 1040, with net income under
$5,000, exclusive of those wiiich display income characteristics similar
to those usually found in returns of net income of $5,000 and over, and
(2) approximately 350,000 returns, Form 1040A, representing for each
collection district not less than 10 percent of the number of taxable
and nontaxable returns, Form 1040A, with net income under $5,000.
The minimum for Form 1040 was 4,000 and for Form 1040 A the min-
inum was 2,000, or 10 percent of the number filed, wiiichever was
STATISTICS OF INCOME 3
Jarger. When the number of returns filed in a collection district in
this class was less than 4,000 in the case of Form 1040 or 2,000 in the
case of Form 1040 A, the entire number filed was tabulated.
DEFINITION OF NET INCOME
Throughout tliis report "net income" represents the amount of gross
income, as defined in the revenue acts effective for the year for which
the returns are filed, in excess of the deductions claimed by the tax-
payer under the provisions of the respective acts, and "deficit" means
excess of deductions over gross income. Credits allowed individuals,
such as personal exemption, credit for dependents, and credit for
earned income, are not included in deductions. For the income years
1934, 1935, and 1936, net income includes gains and losses from the
sales of capital assets to the extent required or allowed under the
Revenue Acts of 1934 and 1936.
Net income subject to surtax represents the amount of net income
less personal exemption and credit for dependents. For 1936, the
amount of net income subject to the normal tax is equal to the sur-
tax net income less (1) the amount of interest received on Govern-
ment obhgations not wholly exempt from tax and (2) the earned in-
come credit. For years prior to 1936, the amount of dividends re-
ceived from domestic corporations subject to taxation under Title I
of the effective revenue act was also subtracted from surtax net in-
come in determining the amount of net income subject to normal tax.
TAX LIABILITY AND COLLECTIONS
The amount of tax habihty as reported on the returns is not pre-
cisely comparable with the amount of individual income tax collec-
tions during the calendar year in which the returns are filed. Several
factors are responsible for the difference in the taxes collected and the
tax liabihty reported on the returns, among which are the following:
1. The amount of tax originally reported may have been subse-
quently revised as the result of audit of returns. The revisions may
result in additional assessments, thereby increasing the tax Habihty,
or in certificates of overassessment, representing abatements and
credits, which reduce the tax habihty originally reported. An
amended return has the same effect as an audit revision.
2. Income and profits taxes paid to foreign countries or possessions
of the United States may be taken as a deduction from gross income
or applied under certam hmitations as a credit against the income tax
payable to the United States. The amount of such taxes taken as a
credit by individuals against the income tax habihty to the United
States has not been deducted from the amount of income tax habihty
showai in the tabulations in this report. The aggregate amounts of
this credit, which are available only for the years 1925 to 1930, in-
clusive, appear on page 9 of the Statistics of Income for 1930.
3. Individual income taxes paid at the source on tax-free covenant
bonds are deductible from mcome taxes payable by individuals but
are not deducted in arriving at the income tax habihty of individual
returns shown herein.
4. The amount of tax habihty on fiscal year returns may not repre-
sent taxes collected during the calendar year in which the returns are
filed.
4 STATISTICS OF INCOME
5'. Tabulations in this report exclude individual income tax re-
turns, Forms 1040C and 1040NB, whereas, collections in the current
year include taxes on these returns. Form 1040C is designed for
departing ahens, and Form 1040NB for nonresident ahens not en-
gaged in trade or business within the United States and not having
an office or place of business therein. Form 1040NB is used for the
calendar year 1936 for the first time.
6. Delays in payment due to financial embarrassment, death, liqui-
dation of business, or any other cause, result in collections of taxes
after the close of the year in which such taxes are due, and the classi-
fication of such collections as "back taxes" because made in a subse-
quent year. For similar reasons, certain amounts are uncollectible.
7. Collections in the current year include such mterest and penalty
items as are received in connection with delinquent payments on
returns.
GEOGRAPHIC DISTRIBUTION
Individual income tax returns may be filed either in the collection
district in which the taxpayer resides or in which his principal place
of business is located. Although the returns are tabulated by the
States in which they are filed, the data do not represent the geo-
graphic distribution of the sources of income, as income reported by
an individual in one State may have been derived from sources in
other States.
COMPARABILITY WITH PREVIOUS REPORTS
In various sections of this report, attention is directed to changes
in the provisions of the revenue acts under which the returns for
given years are filed which interfere with a precise comparabihty of
the data over a period of years. The major provisions of the revenue
acts from 1913 to date are showoi on pages 138-148.
NUMBER OF RETURNS, NET INCOME, AND TAX
The returns of individuals reporting net income for 1936 numbered
5,413,499, of which 2,861,108 were taxable and 2,552,391 nontaxable.
Aggregate net mcome was $19,240,109,644, of which $14,218,853,550
was reported on taxable returns and $5,021,256,094 on nontaxable
returns. The total tax liabihty reported on taxable returns was
$1,214,016,803. Tax habihty averaged $224 for all returns and $424
for taxable returns. The effective tax rates were 6.3 percent for all
returns and 8.5 percent for taxable returns. The number of returns
reporting net income was 4.2 percent of the total population (Census
Bureau estimate of population as of July 1, 1936).
As compared with returns for 1935, the total number of returns in-
creased by 838,487, or 18.3 percent, the number of taxable returns
increased by 750,218, or 35.5 percent, and the number of nontaxable
returns increased by 88,269, or 3.6 percent. The total net income in-
creased $4,330,297,619, or 29.0 percent, the net income on taxable
returns increased $4,184,747,575, or 41.7 percent, and the net income
on nontaxable returns increased $145,550,044, or 3.0 percent. The
tax liability mcreased $556,577,460, or 84.7 percent. The effective
rates of tax for 1935, which were somewhat lower than those for 1936,
were 4.4 percent for all returns and 6.6 percent for taxable returns.
STATISTICS OF INCOME 5
The distribution of returns of individuals by States and Territories
is given in the basic table 1, page 83, and by net income classes in
basic table 2, pages 84-85. Each of these tables shows number
of returns, net income, tax, personal exemption, and credit for de-
pedents.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX
The distribution of the returns by a limited number of net income
classes is exhibited in the following table, which includes the number
of returns, net income, and tax; also cumulative totals and percent-
ages. In basic table 3, pages 86-88, a similar distribution of the
number of returns, net income, and tax is shown by a more detailed
net income classification.
Individual returns, 1936, by net income classes: simple and cumulative distribution
of mimber of returns, net income and tax, and percentages ^
[Net income classes and money figures in thousands of dollars]
Returns
Net income classes
Simple distribution
Cumulative distribu-
tion from highest
income class
Cumulative distribu-
tion from lowest
income class
Number
Percent
Number
Percent
Number
Percent
Under 1 (estimated)
277,803
2,111,789
1,317,752
1,029,144
440, 886
176, 649
41, 137
13, 620
2,606
1,544
330
178
61
5.13
39.01
24.34
19.01
8.15
3.26
.76
.25
.05
.03
.01
(»)
5, 413, 499
5, 135, 696
3, 023, 907
1, 706, 1.55
677, Oil
236, 125
59, 476
18, 339
4,719
2,113
569
239
61
100. 00
94.87
55.86
31.52
12.51
4.36
1.10
.34
.09
.04
.01
(0
(»)
277,803
2, 389, 592
3, 707, 344
4, 736. 488
5, 177, 374
5, 354, 023
5, 39.5, 160
5, 408, 780
5,411,386
5, 412, 930
5, 413, 260
5, 413, 438
5, 413, 499
5.13
1-2 (estimated)..
44.14
2-3 (estimated)
68.48
3-5 (estimated)-.
87.49
5-10
95.64
10-25
98.90
25-50.
99.66
60-100.
99.91
100-150
99.96
150-300
99.99
300-500
99.99
800-1,000
99.99
1,000 and over
100. 00
Total
5, 413, 499
100.00
Net income
Net income classes
Simple distribution
Cumulative distribu-
tion from highest
income class
Cumulative distribu-
tion from lowest
income class
Amount
Percent
Amount
Percent
Amount
Percent
Under 1 (estimated) ..
187, 113
3,011,409
3, 325, 252
3, 821, 708
2, 977, 790
2, 628, 692
1, 400, 493
913.518
311,279
307, 930
124, 523
122, 762
107, 641
0.97
15.65
17.28
19.86
15.48
13.66
7.28
4.75
1.62
1.60
.65
.64
.56
19, 240, 110
19,052,997
16, 041, 588
12,716,336
8, 894, 628
5, 916, 838
3, 288, 146
1, 887. 653
974, 135
662, 856
354, 927
230, 403
107, 641
100.00
99.03
83.38
66.10
46.24
30.76
17.10
9.82
5.07
3.45
1.85
1.20
.56
187, 113
3, 198, 522
6, 523, 774
10, 345, 482
13, 323, 272
15, 951, 964
17, 352, 457
18, 265, 975
18, 577, 253
18, 885, 183
19, 009, 706
19, 132, 469
19, 240, 110
0.97
1-2 (estimated)..
16.62
2-3 (estimated).-
33.90
3-5 (estimated)..
53.76
5-10
69.24
10-25
82.90
25-50
90.18
50-100.
94.93
100-150
96.55
150-300
98.15
300-500.
98.80
500-1,000....
99.44
1,000 and over.-
100. 00
Total
19, 240, 110
100.00
For footnotes, see p. 6.
6 STATISTICS OF INCOME
Individual returns, 1936, by net income classes: simple and cumulative distribution
of number of returns, net income and tax, and percentages ' — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)
6-10-
10-25-
25-50
60-100-
100-150-
150-300
300-500-
600-1,000.-
1,000 and over
Total
Tax
Simple distribution
Amount
14,
13,
32,
79,
175,
191,
216,
116,
147,
71,
78,
77,
1,214,017
Percent
0.03
1.15
1.15
2.65
6.54
14.47
15.76
17.80
9.57
12.14
5.89
6.50
6.35
100. 00
Cumulative distribu-
tion from highest
income class
1,214,017
1, 213, 686
1, 199, 676
1, 185, 688
1, 153, 456
1, 074, 088
898, 474
707, 136
491,091
374, 935
227, 553
156, 083
77, 138
Percent
100. 00
99.97
98.82
97.67
95.02
88.48
74.01
58.25
40.45
30,88
18.74
12.85
6.35
Cumulative distribu-
tion from lowest
income class
Amount
331
14, 341
28, 329
60, 560
139, 929
315, 542
506, 881
722, 926
839, 082
986, 463
1, 057, 934
1, 136, 878
1,214,017
> For general explanations, see pp. 1-5.
> Less than one-hundredth of 1 percent.
Percent
0.03
1.18
2.33
4.98
11 52
25.99
41.75
59.55
69.12
81.26
87.15
93.65
100. 00
CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP
The table presented herewith shows the number of individual returns
and the net income distributed according to sex and family relation-
ship of the taxpayer. In basic tables 4 and 5, pages 89-91 and 92-94,
similar data are shown by States and Territories and by net income
classes, respectively.
The tabulation of the returns showing community property income
excludes returns with net income under $5,000 and joint returns of
husband and wife with net income under $10,000. The returns of
married persons not showing community property income filed in the
eight community property States are classified according to the
.status reported, as joint returns of husbands and wives or separate
returns of husbands and wives. In tabulating joint returns showing
community property net income of $10,000 and over, with tax UabiUty
apportioned between husband and wife, the items of income and
deductions are divided to represent two community property returns,
the net income class for each of the separate returns bemg one-half
of the combined community income. Separate returns of husbands
and wives showing community property income of $5,000 and over are
classified as community property returns by net income classes
according to the net income on each return.
STATISTICS OF INCOME 7
Individual returns, 1936, by sex and family relationship: number of returns, net
income, and percentages ^
Returns
Net income
Family relationship
Number
Percent
Amount
(thousands
of dollars)
Percent
Joint returns of husbands, wives, and dependent children,
and returns of either husband or wife when no other
2, 392, 833
150, 364
136, 211
367, 419
199, 535
1,299,657
769, 692
49, 311
48, 477
44.20
2.78
2.52
6.79
3.69
24.00
14.21
.91
.90
9,321,442
2, 071, 764
927, 683
957,966
511, 590
2, 706, 848
1, 775, 820
620, 126
346, 870
48.45
Separate returns of husbands and wives:
10.77
4.82
Heads of families:
Single men and married men not living with wives
Single women and married women not living with
4.98
2.66
Not heads of families:
Single men and married men not living with wives
Single women and married women not living with
husbands .
14.07
9.23
3.22
Estates and trusts
1.80
5, 413, 499
100. 00
19, 240, 110
100.00
• For general explanations, see pp. 1-5.
» An unequal number of separate returns of husbands and wives results from the use of the sample method
for returns with net income under $5,000. as the net income of one spouse may be $5,000 or over and that of the
other spouse under $5,000 (see discussion of sample, p. 2) .
PERSONAL EXEMPTION AND CREDITS AGAINST NET INCOME
The net income specifically exempt from normal tax through per-
sonal exemption, credit for dependents, earned income credit, and
interest on Government obligations not wholly exempt from tax,
together with net income subject to normal tax is shown in the
following table. Unlike former years, the net income subject to
normal tax includes the amount of dividends received from stock of
domestic corporations subject to taxation under Title I of the effective
revenue law.
Individual returns, 1936: net income exempt from and amount subject to normal tax *
Distribution
Amount
(thousands
of dollars)
Percent
19, 240, 110
100. 0(J'
Personal exemption and credits against net income:
Personal exemption
9, 920, 814
1, 451, 502
1,231,044
43, 627
51.56
7.54
6.40
Taxable interest on partially tax-exempt Government obligations ^
.23'
Total -.
12, 646, 987
1. 661, 807
65.73
8.63
Net income exempt from normal tax .
10, 985. 180
57.10
8, 254, 930
42.90
1 For general explanations, see pp. 1-5.
2 Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and on
obligations of certain instrumentalities of the United States (see items 5 and 25, Form 1040, p. 152) reported
on returns with net income of $5,000 and over.
3 Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000.
8 STATISTICS OF INCOME
CAPITAL GAINS AND LOSSES
The special provisions in tlie revenue acts for capital gains and losses
from the sale of assets held niore than two years apply, for capital
gains, to sales after December 31, 1921, and prior to January 1, 1934,
and for capital losses, to sales after December 31, 1923, and prior to
January 1, 1934. A summary of the provisions of the Revenue Act
of 1921 and subsequent acts, affecting the tax on capital gains, and
of the provisions of the Revenue Act of 1924 and subsequent acts,
affecting the tax credit on capital losses, is found on pages 8 and 9
of the Statistics of Income for 1933 and in the section of this report
entitled "Revenue Acts of I9137I936," etc., page 145. The "total
income" and "net income" for individual returns for 1922 through
1933, as presented in the historical tables in this report, pages 39-44,
include "capital net gains," whereas, for the years 1924 through 1933
the "net income" has not been reduced by and "deductions" have
not been increased by the amount of "capital net losses," reported
for tax credit.
Under the Revenue Acts of 1934 and 1936, the definition of capital
assets is extended to include assets held by the taxpayer, regardless of
time held, instead of only assets held over two years. Also, certain
percentages of the gain or loss recognized upon such sales or exchanges
are taken into account in computing net income. These percentages
vary according to the period for which the assets have been held.
The deduction for net capital losses is limited to an amount not in
excess of $2,000, after subtracting the prorated gains from the sales
or exchanges of capital assets.
The net income reported on the individual income tax returns for
1934, 1935, and 1936 includes net capital gains and net capital losses
computed in accordance with the above limitations. It is not possi-
ble, by using the net capital gain and net capital loss on the returns
for 1934, 1935, and 1936 to adjust the "total income," "net income,"
and "deductions" so that they will be comparable with these items
tabulated for prior years. Moreover, net capital gains and losses
reported on individual income tax returns for 1934, 1935, and 1936
are not comparable with "profit and loss from sale of real estate,
stocks, and bonds, etc.," "capital net gain," or "capital net loss"
which were reported on returns in prior years.
SOURCES OF INCOME AND DEDUCTIONS
In the table on page 10 there appears a distribution, by sources, of
the income and deductions reported by individuals. Income from
the various sources represents the net amount by which the gross
receipts exceed the deductions allowed, as reported in the schedules
of the return (see Form 1040, p. 152), and in aggregate represents the
sum of the net amounts of income from each source. Net losses
reported under "income" items on the face of the returns are trans-
ferred in tabulation to deductions, which also include amounts re-
ported on the return under "deductions."
Income from partnerships and fiduciaries excludes taxable interest
received by these entities on obligations of the United States, since
this item is reported separately under its classification, and includes
net capital gain or loss allowed upon sale of capital assets and dividends
STATISTICS OF INCOME 9
received by these entities on stock of domestic corporations and
foreign corporations. In former years, dividends received by partner-
ships and fiduciaries on stock of domestic corporations subject to
taxation under Title I of the various revenue laws were tabulated
under "dividends," while dividends on stock of foreign corporations
(other than those deriving more than half their gross income from
sources in the United States) and, except for 1932 and 1933, dividends
on stock of domestic corporations not subject to taxation under
Title I of the various revenue laws, were left in income from partner-
ships and fiduciaries.
With reference to the amount of net capital gains and net capital
losses, attention is directed to the provisions of the Revenue Acts of
1934 and 1936, as described in the section of the text entitled "Capital
gains and losses."
The items of "interest paid" and "taxes paid" which are reported
under "deductions" on the individual income tax returns do not include
amounts reported as business deductions in schedules A and B.
Interest paid is reported as item 13, on the face of the return,
Form 1040, in accordance with the following instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under schedule A or B). Do not
include interest on indebtedness incurred or continued to purchase or carry obli-
gations (other than obligations of the United States issued after September 24,
1917, and originally subscribed for by the taxpayer) the interest upon which is
wholly exempt from taxation.
Taxes paid exclude (1) the Federal income tax, (2) estate, inherit-
ance, legacy, succession, and gift taxes, (3) income and profits taxes
paid to foreign countries or possessions of the United States, which
are allowed as a credit against the tax, and (4) taxes reported on
Form 1040F, schedule of farm income and expenses. Taxes paid
are reported as item 14 on the face of the return. Form 1040, in accord-
ance with the following mstructions:
Enter as item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local benefits of a
kind tending to increase the value of the property assessed. Do not include
Federal income taxes, nor estate, inheritance, legacy, succession, and gift taxes,
nor taxes imposed upon your interest as shareholder of a corporation which are
paid by the corporation without reimbursement from you, nor income taxes
claimed as a credit in item 32. No deduction is allowable for any portion of foreign
income and profits taxes if a credit is claimed in item 32.
A historical summary of taxes paid for the years 1927 through 1932
and of interest paid for the years 1928 through 1932 is found in the
1932 Statistics of Income, Table 8A, page 80.
10 STATISTICS OF INCOME
Individual returns, 19S6: sources of income and deductions, and percentages *
Sources of income and deductions
Amount
(thousands
of dollars)
Percent
Sources of income:
Salaries, wages, commissions, fees, etc
Business profit -
Partnership profit 2
Net capital gain '
Rents and royalties --
Dividends on stock of domestic and foreign corporations *
Income from fiduciaries '.
Taxable interest on partially tax-exempt Government obligations «
Other taxable interest «
Other income '
Total income
Deductions:
Business loss
Partnership loss »
Net capital loss ' -
Interest paid 8... - -
Taxes paid '
Contributions.-
Other deductions.^
Total deductions
Net income
11,661,274
2, 374, 258
1, 022, 288
973, 796
685, 063
3, 173, 844
826, 184
43, 627
887, 684
240, 357
53.28
10.85
4.67
4.45
3.13
14.50
3.77
.20
4.05
1.10
21, 888, 373
100.00
79,520
.37
21, 307
.10
129, 704
.59
544, 869
2.49
698, 609
3.19
385, 838
1.76
788, 416
3.60
2, 648, 263
12.10
19, 240, 110
87.90
1 Por general explanations, see pp. 1-6.
> See text, p. 8.
' For definition of capital assets and amounts of net capital gain and loss taken into account for tax pur-
poses, see text, p. 8, and synopsis of laws, pp. 144-145.
* "Dividends" include those on stock of both domestic and foreign corporations, excluding dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domes-
tic corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within
the United States, whether or not received direct or by partnerships and fiduciaries.
5 Interest received on United States savings bonds and Treasury bonds, owned in excess of .$5,000, and
on obligations of certain instrumentalities of the United States (see items 5 and 25, Form 1040, p. 152)
reported on returns with net income of .$5,000 and over.
« Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000.
' Excludes dividends received on stock of domestic corporations not subject to taxation under Title I of
the Revenue Act of 1936 and on stock of foreign corporations. In former years, dividends received from
these two types of corporations were tabulated as "other income," except in so far as included in partnership
and fiduciary income, and until 1934 except in so far as received from foreign corporations deriving more than
half their gross income from sources within the United States. See footnotes 2 and 4.
* Excludes amounts reported in schedules A and B as business deductions.
The following table shows, for a limited number of net income
classes, the distribution of total income by sources, specific items of
deductions, and net income. The distribution by States and Terri-
tories and by more detailed net income classes is shown in basic tables
6 and 7, respectively (pp. 95-101). The following text table and basic
table 7 also show the total number of returns in each net income class
and, for returns with net income of $5,000 and over, the number of
returns on which were reported specific sources of income and deduc-
tions. The table on pages 13-14 shows for a hmited number of net
income classes the percentage distribution of sources of income,
deductions, and net income.
STATISTICS OF INCOME
11
Individual returns, 1936, by net income classes: sources of income and deductions, and
net incoyne: also total number of returns, and for returns ivith net income of $5,000
and over, number for each specific source of income and deduction i
[Net income classes and money figures in thousands of dollars]
Net income classes
Total
number
of returns
Sources of income
Salaries, wages, com-
missions, fees, etc.
Number
of returns
Amount
Business profit
Number
of returns
Amount
Partnership profit '
Number
of returns
Amount
Under 5 (estimated)
5-10 - --.
10-25 -
25-50.- -
50-100.
100-150
150-300..
300-500
500-1,000
1,000 and over
Total
4, 736, 488
440, 886
176, 649
41, 137
13, 620
2,606
1,544
330
178
61
(»)
287, 378
107, 085
23, 940
7,772
1,479
883
180
95
34
8, 167, 651
1, 664, 225
1, 097, 958
422, 156
203, 914
54, 876
36, 920
8,713
3,439
1,423
(•)
95, 762
30, 545
4,847
1,098
156
88
10
10
3
1, 352, 650
534, 452
326, 321
101, 529
39, 561
8,430
8,383
552
1,085
1,296
(»)
43, 074
23, 373
6,514
2,679
521
306
67
26
9
231, 278
215, 510
239, 569
143, 864
97, 441
33, 874
37,811
14, 750
6,992
1, 199
5, 413, 499
10 428, 846
11, 661, 274
10 132, 519
2, 374, 258
10 76, 569
1, 022, 288
Sources of income— Continued
Net income classes
Net capital gain '
Rents and royalties
Dividends on stock
of domestic and
foreign corpora-
tions *
Income from fidu-
ciaries '
Number
of returns
Amount
Number
of returns
Amount
Number
of returns
Amount
Number
of returns
Amount
Under 5 (estimated).
5-10 .
(«)
99, 241
65, 384
20, 541
7,759
1,598
928
209
113
36
166. 880
162, 499
234,410
164, 067
115, 133
42.113
40, 249
13,817
17, 575
17, 055
(»)
88, 629
39, 986
10. 102
3,466
659
376
91
56
15
413, 507
113, 137
87, 532
39, 319
20, 940
4,774
3,816
1,474
513
52
(»)
246, 502
133, 470
35, 736
12,419
2,452
1,445
319
165
54
589, 956
412,797
657, 247
502, 074
412.893
164, 235
182, 092
83, 878
86, 956
81,717
(»)
33, 403
23, 726
8,452
3,612
805
502
116
67
26
135, 160
116, 677
177, 729
133 852
10-25
25-50
50-100
107, 321
39, 216
46, 075
100-150
150-300
300-500
18, 433
26, 259
500-1,000
1,000 and over
25, 462
Total.. .
10195, 809
973, 796
10 143, 380
685, 063
10 432, 562
3, 173, 844
10 70, 709
826 184
Sources of income — Continued
Net income classes
Taxable interest
on partially tax-
exempt Govern-
ment obligations 5
Other taxable in-
terest
Other
income «
Total
income
Number
of returns
Amount
Number
of returns
Amount
Under 5 (estimated)
(")
11,513
14. 677
9,004
4,839
1,771
1,118
510
168
27
(9)
178, 575
90, 910
26, 638
10, 252
2,098
1,295
277
154
51
2 442, 329
145, 900
149, 515
75, 799
43, 890
12, 025
10. 789
2,897
2,678
1,861
131, 573
39, 201
33, 592
16, 987
11, 066
2,521
3,239
1,185
250
742
11,630,983
5-10 ..
20. 920
16. 870
6, 415
2,628
588
356
74
45
13
3, 415, 909
10-25
3, 018, 549
25-50
1, 608, 651
50-100
1, 056, 998
100-150
363, 835
150-300
370, 491
300-500
146, 208
500-1,000 ...
145,913
1,000 and over
130. 834
Total
47. 909
43. 627
10 310. 250 887.684 1
240, 357
21, 888, 373
1
For footnotes, see p. 12.
83167—38 2
12
STATISTICS OF INCOME
Individual returns, 1936, hy net income classes: sources of income and deductions, and
net income; also total number of returns, and for returns xcith net income of $5,000
and over, number for each specific source of income and deduction ' — Continued
[Net income classes and money figures in thonsands of dollars]
Deductions
Net income classes
Business loss
Partnership loss '
Net capital loss »
Interest paid '
Number
of
returns
Amount
Number
of
returns
Amount
Number
of
returns
Amount
Number
of
returns
Amount
Under 5 (estimated)
5-10
m
7,829
4,901
1,742
853
194
151
35
33
22
34, 395
12, 422
12, 180
7,817
5,244
2,442
1,954
539
1,042
1.484
3,391
2,174
778
308
73
61
10
12
1
8,756
3,738
3,704
2,198
1,076
450
1,265
47
59
14
(')
36, 846
22, 659
6,814
2,569
534
351
74
48
19
66, 876
27, 853
22, 491
7,769
3,291
731
472
108
81
32
(•)
225, 345
99, 347
25, 302
9,069
1,838
1,127
255
150
49
259, 609
104, 532
10-25
84, 759
25-50
41, 019
50-100
25,637
100-150
8,191
150-300
12,244
300-500 -
3,217
500-1,000
3,845
1,000 and over .
1,814
Total
10 15, 760
79, 520
10 6, 808
21, 307
i» 69, 914
129, 704
10 362, 482
544, 869
Net income classes
Deductions— Continued
Taxes paid '
Number
of returns
Amount
Contributions
Number
of returns
Amount
Other de-
ductions *
Total de-
ductions
Net
income
Under 5 (estimated)
&-10.
10-25
25-50-
50-100
100-150.
150-300
300-500-
500-1,000
1,000 and over
Total
(«)
362, 573
154,488
37, 534
12, 753
2,455
1,473
316
167
59
344, 623
111,421
102, 096
55, 685
39, 789
14,040
15, 606
4,943
5,587
4,820
(»)
333, 015
139, 055
33, 860
11,585
2,278
1,327
295
155
52
183, 691
55, 156
47,421
29, 143
24, 866
10, 900
13, 189
6,257
7,370
7,845
387, 552
122, 996
117,207
64, 527
43, 578
15, 802
17, 830
6,573
5,166
7,184
1,285,501
438, 119
389, 857
208, 158
143, 480
52, 556
62, 562
21, 685
23, 151
23, 194
10, 345, 482
2, 977, 790
2. 628, 692
1, 400, 493
913,518
311,279
307, 930
124, 523
122, 762
107, 641
I" 571, 818
698, 609
10 521, 622
385, 838
788, 416
2, 648, 203
19, 240, 110
I For general explanations, see pp. 1-5.
» See text, p. 8.
3 For definition of capital assets and amounts of net capital gain and loss taken into account for tax purposes,
see text, p. 8, and synopsis of laws, pp. 144-145.
* "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domes-
tic corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within
the United States, whether or not received direct or by partnerships and fiduciaries.
' Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and on
obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net income is
over $4,000. (See items 5 and 25, Form 1040, p. 152.)
« The number of returns is not available, since the amount of "other income" is secured by deducting the
sum of specific sources of income from total income. "Other income" excludes dividends received on stock
of domestic corporations not subject to taxation under Title I of the Revenue Act of 1936 and on stock of
foreign corporations. In former years, dividends received from these two types of corporations were tabu-
lated as "other income," except in so far as included in partnership and fiduciary income, and until 1934
except in so far as received from foreign corporations deriving more than half their gross income from sources
within the United States. (See footnotes 2 Snd 4.)
' Excludes amounts reported in schedules A and B as business deductions.
» The number of returns is not available, since the amount of "other deductions" is determined by sub-
tracting the sum of specific deductions from total deductions.
• Not available.
1' Excludes returns with net income under $5,000.
II Taxable interest received on partially tax-exempt Government obligations reported on returns with
net income under $5,000 is tabulated with "other taxable interest."
1' Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000.
STATISTICS OF INCOME
13
Individual returns, 1936, by net income classes: percentage distribution of sources of
income, deductions, and net income '
Net income classes
(Thousands of dollars)
Sources of income
Salaries,
wages,
commis-
sions,
fees, etc.
Business
profit
Partner-
ship
profit »
Net capi-
tal gain '
Rents and
royalties
Dividends
on stock of
domestic
and foreign
corpora-
tions *
Income
from fidu-
ciaries '
Under 5 (estimated)
C-10
10-25
25-50
50-100
100-150
150-300
300-500.
600-1,000
1,000 and over
Total
70.22
48.72
36.37
26.24
19.29
15.08
9.97
5.96
2.36
1.09
11.63
15.65
10.81
6.31
3.74
2.32
2.26
.38
.74
1.99
6.31
7.94
8.94
9.22
9.31
10.21
10.09
4.79
.92
1.44
4.76
7.77
10.20
10.89
11.57
10.86
9.45
12.04
13.04
3.56
3.31
2.90
2.45
1.98
1.31
1.03
1.01
.35
.04
5.07
12.08
21.77
31.21
39.08
45.16
49.15
57.37
59.59
62.45
1.16
3.42
5.89
8.32
10.16
10.78
12.44
12.60
18.00
19.46
53.27
10.85
4.67
4.45
3.13
14.50
3.77
Sources of incomes— Continued
Deductions
Net income classes
(Thousands of dollars)
Taxable in-
terest on
partially
tax-exempt
Govern-
ment obli-
gations «
Other tax-
able
interest
Other
income «
Total
income
Business
loss
Partner-
ship
loss'
Net capi-
tal loss »
TTndfir .1 (fifstiTTiHtfid)
(«)
0.34
.49
.56
.46
.48
.30
.35
.12
.02
«3.80
4.27
4.95
4.71
4.15
3.30
2.91
1.98
1.84
1.42
1.13
1.14
1.11
1.06
1.05
.69
.87
.81
.17
.57
100.00
100.00
100. 00
100.00
100. 00
100.00
100.00
100.00
100. 00
100.00
0.30
.36
.41
.49
.50
.67
.53
.37
.71
1.14
0.08
.11
.12
.14
.10
.12
.34
.03
.04
.01
0 57
5-10
.82
10-25
.75
25-50
.48
60-100.
.31
100-150
.20
150-300
.13
300-500
.07
500-1,000-.
.06
1,000 and over
.02
Total
.20
4.06
1.10
100. 00
.37
.10
.69
For footnotes, see p. 14.
14
STATISTICS OF INCOME
Individual returns, 1936, by net income classes: percentage distribution of sources of
income, deductions, and net income — Continued
Net income classes
Deductions— Continued
Net
income
(Thousand of dollars)
Interest
paid '
Taxes
paid '
Contribu-
tions
Other de-
ductions
Total de-
ductions
Under 5 (estimated) .
2.23
3.06
2.81
2.55
2.43
2.25
3.31
2.20
2.64
1.39
2.96
3.26
3.38
3.46
3.76
3.86
4.21
3.38
3.83
3.68
1.58
1.62
1.57
1.81
2.35
3.00
3.56
4.28
5.05
6.00
3.33
3.60
3.88
4.01
4.12
4.35
4.81
4.50
3.54
5.49
11.05
12.83
12.92
12.94
13.57
14.45
16.89
14.83
15.87
17.73
88.95
6-10 .
87.17
10-25
87.08
25-50- - ..-
87.06
60-100- --.
86.43
100-150
85.55
150-300
83.11
300-500— -
85.17
500-1,000..-
84.13
1,000 and over.-
82.27
Total
2.49
3.19
1.76
3.60
12.10
87.90
• For general explanations, see pp. 1-5.
3 See text, p. 8.
« For definition of capital assets and amounts of net capital gain and loss taken into account for tax pur-
poses, see text, p. 8, and synopsis of laws, pp. 144-145.
'"Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domes-
tic corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within
the United States, whether or not received direct or by partnerships and fiduciaries.
5 Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and on
obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net income is
over $4,000. (See items 5 and 25, Form 1040, p. 152.)
« Excludes dividends received on stock of domestic corporations not subject to taxation under Title I
of the Revenue Act of 1936 and on stock of foreign corporations. In former years, dividends received from
these two types of corporations were tabulated as "other income," except in so far as included in partnership
and fiduciary income, and until 1934 except in so far as received from foreign corporations deriving more
than half their gross income from sources within the United States. See footnotes 2 and 4.
' Excludes amounts reported in schedules A and B as business deductions.
' Taxable interest received on partially tax-exempt Government obligations reported on returns with net
Income under $5,noo is tabulated with "other taxable interest."
' Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000.
FREQUENCY DISTRIBUTION OF SELECTED SOURCES OF INCOME AND LOSS BY NET
INCOME CLASSES AND BY SIZE OF EACH SOURCE OF INCOME AND LOSS
For returns with net income of $5,000 and over, there is shown in
the following table the frequency distribution of selected sources of
income and loss by net income classes and by size of each source of
income and loss.
Sources of income not included in this tabulation are partnership,
fiduciary, interest, and other income. The total income received
through partnerships and fiduciaries cannot be shown in this table
as such income may not be fully included under these items in the
individual income tax returns. The instructions on the return Form
1040 provide as follows:
Enter as item 7 your share of the profits (whether received or not) (or of the
losses) of a partnership, syndicate, pool, etc., and as item 8 income from an estate
or trust, except that the share of taxable interest on obligations of the United
States, etc., shall be included in schedule D. Include in items 31 and 32, re-
spectively, credits claimed for income tax paid at source, and foreign income
taxes.
If the taxable year on the basis of which you file your return does not coincide
with the annual accounting period of the partnership or fiduciary, then you should
include in your return your distributive share of the net profits (or losses) for such
accounting period ending within your taxable year.
STATISTICS OF INCOME
15
Individual retxirns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns
SALARIES AND WAGES
[Net income classes and salary and wage classes in thousands of dollars]
Salary and wage classes
Net income classes
Aggre-
gate
Under
0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
5-6.
112,043
71, 900
46, 834
32, 333
24, 268
64, 732
27, 366
14, 987
8,791
9,982
5,167
3,053
1,970
1,244
872
633
1,479
530
247
106
118
62
69
26
34
908
640
408
372
312
871
385
249
152
170
108
57
36
17
26
17
40
7
7
7
8
1
3
767
487
352
267
237
631
315
181
119
121
61
52
26
19
23
13
29
19
579
414
259
224
182
456
200
142
78
113
45
40
27
20
16
6
37
11
7
1
3
2
1
1
657
353
245
185
155
410
192
102
67
77
40
32
21
10
9
4
19
5
5
417
286
199
147
94
322
139
80
65
51
32
25
11
12
5
5
16
10
5
1
2,182
1,428
939
630
483
1,356
635
342
204
239
141
84
66
46
33
23
50
22
8
2
12
1
8
1
1
4,952
3,257
1,937
1 333
6-7
7-8
8-9
9-10
1,025
10-15
2,535
995
15-20
20-25
513
25-30 -
323
30-40
351
40-50
212
50-60
98
60-70
67
70-80 -
46
80-90
32
90-100...
21
100-150..
65
150-200
25
200-250
13
250-300
3
2
1
2
1
4
9
300-400
4
8
400-500
500-750
1
1
1
1
750-1,000
1
1,000 and over
1,
8
Total
428, 846
4,861
3,732
2,864
2,493
1,924
8,936
1720
Net income classes
Salary and wage classes— Continued
2-3
3-4
4-5
6-10
10-16
15-20
20-25
25-30
5-6..
5,983
3. 625
2,184
1,387
972
2,498
930
463
265
283
153
85
40
41
27
17
49
14
1
8,429
4,551
2,568
1,591
1,155
2,607
969
474
251
284
116
69
50
30
25
15
27
15
4
5
1
2
1
1
13, 873
5,554
2,816
1,626
1,156
2,550
832
413
228
251
93
50
54
28
11
11
17
13
4
2
72, 711
50,339
33, 361
21, 589
12, 023
17, 898
5,211
2,312
1,187
1,243
575
335
183
112
71
45
114
28
14
8
9
7
4
2
2
550
812
1,348
2,790
6,226
28, 336
6,795
2,784
1,371
1 314
546
305
210
112
71
61
97
38
17
7
8
5
5
3
1
82
104
97
137
187
3,820
7,887
2,755
1,312
1,238
566
306
144
95
72
54
89
29
16
10
7
3
5
1
2
22
27
29
31
31
282
1,617
3,120
1,276
1,148
512
283
168
94
57
.52
87
37
21
8
9
4
14
6-7
8
7-8
18
8-9 - -
9
9-10
16
10-15
90
15-20
167
20-25.
859
25-30 . .
1,336
30-40
1,040
40-50
452
50-60
230
60-70
137
70-80_.
86
80-90
47
90-100 . .
40
lOO-l.'iO
84
150-200
22
200-250
13
2.50-300
2
300-400 .
5
400-500
3
1
1
6
2
500-7.50
2
750-1,000
1
1,000 and over
3
1
2
Total
19, 031
23,240
29, 590
219,383
53, 812
19, 018
8,915
4,682
16
STATISTICS OF UsTCOME
Individual returns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
SALARIES AND WAGES— Continued
[ Net income classes and salary and wage classes in thousands of dollars]
Salary and wage classes— Continued
Net income classes
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and
over
5-6
8
9
7
7
7
41
72
162
497
1,714
725
332
219
132
80
62
142
42
21
2
5
2
8
2
4
7
3
2
4
5
13
12
23
38
283
585
272
164
88
67
39
98
39
13
4
2
2
1
3
3
2
14
11
10
17
56
189
397
312
190
98
67
172
64
27
16
13
10
10
5
4
6-7
1
1
1
1
7-8
8-9
1
9-10
10-15
1
1
1
4
4
10
J
1
2
1
1
6
1
8
3
15
22
150
61
32
13
11
12
3
2
4
15-20
20-25 .
25-30
30-40
1
40-50
50-60 --
60-70
27
63
87
59
97
39
13
3
8
3
4
1
2
70-80 .
80-90
90-100
100-150
150-200
200-250
250-300
2
3
3
300-400
400-500
600-750.
3
2
3
750-1, 000
1
1,000 and over
Total
4,302
1,769
1,683
429
351
10
1
BUSINESS PROFIT
[Net income classes and business profit classes in thousands of dollars]
Net income classes
Business profit classes
Aggregate
Under 0.1
0. 1-0. 2
0. 2-0. 3
0.3-0.4
0.4-0.5
0.5-1
1-2
5-6 ..-
36, 993
24, 298
15, 789
10, 804
7,878
19, 511
7,421
3,613
1,913
1, 969
965
467
261
186
112
72
156
59
17
12
4
6
5
6
3
445
287
205
110
94
249
89
65
28
33
22
8
2
4
362
232
175
121
109
200
78
45
10
32
16
4
4
2
1
346
234
155
88
59
157
68
39
19
20
12
4
270
220
116
95
63
152
67
20
17
27
12
7
2
4
2
250
198
104
67
50
153
47
35
16
21
12
4
2
2
1
1
1
2
1,296
803
501
346
194
583
226
119
57
67
31
8
9
7
4
3
6
1
2,247
6-7
1,206
803
7-8
8-9
560
9-10
383
10-15
885
15-20
301
20-25
158
25-30 -
83
30-40
73
40-50
64
50-60...
13
60-70 - -
12
70-80
3
1
2
2
3
80-90
9
90-100
1
3
1
4
100-150
2
2
1
14
150-200
2
200-250
1
250-300
3
300-400
400-500
1
2
500-750
1
2
750-1,000
1
1,000 and over
1
Total
132, 519
1,646
1,396
1,210
1,075
966
4,265
6,825
STATISTICS OF INCOME
17
Individual returns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
BUSINESS PROFIT— Continued
[Net income classes and business profit classes in thousands of dollars]
Net income classes
Business profit classes— Continued
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
5-6
2,338
1,276
679
485
324
739
252
116
68
77
34
14
7
5
5
3
1
4
1
2
2,926
1,419
748
482
298
677
209
118
53
49
14
12
9
9
3
3
3
1
4,603
1,799
893
525
338
663
176
78
44
40
26
9
6
10
3
21, 636
16, 245
10, 939
7,218
4,312
4,497
945
339
175
156
70
37
17
10
6
9
14
1
2
202
308
407
636
1,582
9,431
1,415
404
150
137
52
23
19
5
3
7
9
3
33
38
44
45
53
949
3,000
580
177
121
51
26
8
7
5
4
7
1
19
13
12
18
5
108
455
1,221
262
155
41
21
10
7
1
1
7
2
9
&-7
10
7-8
2
8-9
1
9-10
6
10-15
33
15-20
51
20-25
202
25-30
578
30-40
231
40-50 .
46
60-60
27
60-70
10
70-80
10
80-90
5
90-100 .
2
100-150
4
4
150-200
3
200-250
2
250-300
1
300-400
400-500
1
1
1
500-750
1
1,000 and over
1
Total
6,432
7,033
9,219
66, 628
14, 793
5,150
2,359
1,232
Business profit classes— Continued
Net income classes
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and
over
8-6
6
4
5
4
2
26
30
55
158
614
158
51
15
10
5
2
4
2
2
1
1
6-7
7-8
8-9
3
2
5
7
13
12
97
237
60
23
3
I
2
1
9-10
2
2
2
6
4
18
59
135
101
52
23
9
10
4
4
1
2
1
1
10-15
15-20
2
20-25
25-30
1
1
6
4
4
30
25
12
13
1
1
30-40 -
40-50
2
50-60
60-70
1
3
3
9
49
29
5
4
1
70-80 . . .
80-90 .
90-100
100-150
5
150-200
1
1
1
1
200-250
1
1
1
250-300 . .
300-400
1
400-500
500-750
1
2
1
750-1,000
1
1,000 and over
1
Total..
1,151
483
437
101
111
S
1
1
18
STATISTICS OF I]SrCOME
Individual returns with net income of $5,000 and over, 19S6, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
BUSINESS LOSS
[Net income classes and business loss classes in thousands of dollars]
Business loss classes
Net income classes
Aggre-
gate
Under
0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
5-6
2,530
1,907
1.386
1,082
924
2,634
1,366
901
583
707
452
308
209
150
104
82
194
82
53
16
21
14
21
12
22
261
179
131
79
64
183
65
53
30
32
13
9
4
1
4
1
2
1
1
267
175
114
71
66
130
66
50
20
26
10
10
2
6
1
1
2
185
156
103
69
56
164
79
42
22
24
21
9
5
2
161
128
61
57
60
118
50
35
16
20
9
5
5
2
2
2
150
109
96
70
40
123
57
31
26
16
14
6
2
4
3
553
379
263
219
187
510
243
139
82
93
57
33
22
9
9
5
11
5
2
477
6-7...
399
7-8
280
8-9
223
9-10
209
10-15
581
15-20
293
20-25
194
25-30
108
30-40 .
121
40-50
83
50-60 .
59
60-70
41
70-80
22
80-90
18
90-100
1
5
12
100-150
1
17
150-200
11
200-250
1
1
6
250-300
1
300-400
1
4
400-500
2
500-750
1
750-1,000
1
1,000 and over
Total
15, 760
1,113
1,019
944
738
749
2,821
3,162
Net income classes
Business loss classes— Continued
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
5-6
195
172
130
106
89
290
161
99
69
81
56
40
22
21
16
16
24
4
2
2
3
2
1
94
84
74
58
48
152
97
79
54
67
41
19
15
13
6
7
10
6
2
2
1
1
1
54
32
39
37
19
112
70
31
40
41
23
25
19
8
6
6
19
7
3
106
61
68
68
61
189
137
97
70
108
74
55
41
30
25
15
39
21
17
3
5
1
9
1
3
20
18
16
17
14
43
27
27
28
38
25
17
12
8
4
6
19
9
3
3
1
2
1
2
9
5
3
6
20
11
12
8
21
6
10
4
9
3
2
2
3
4
5
e
4
5
7
2
5
2
3
1
7
5
1
2
6-7
2
7-8
3
8-9
1
9-10
1
10-15
5
15-20
5
20-25
2
25-30
2
30-40
3
40-50
3
50-60
3
60-70
5
70-80
4
80-90
1
90-100
5
14
5
6
2
1
2
100-150
3
150-200
3
200-250
2
250-300
300-400
1
2
400-500
2
1
500-750
1
1
2
2
1
750-1,000
2
1,000 and over. .
1
1
5
1
Total
1,602
931
594
1,304
363
161
73
58
STATISTICS OF INCOME
19
Individual returns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
BUSINESS LOSS— Continued
[Net income classes and business loss classes in thousands of dollars]
Business loss classes— Continued
Net income classes
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and
over
5-6
6-7
1
1
1
7-8
8-9 .
1
9-10
10-15
6
3
2
1
6
4
2
3
3
3
2
4
2
2
3
1
1
1
1
5
1
1
1
1
15-20
1
2
20-25
25-30
2
1
30-40
3
3
3
1
40-50
1
1
2
50-60
60-70
2
70-80
1
2
1
1
1
80-90 .
90-100
100-150 .
7
2
1
5
3
1
1
150-200
200-250 .
1
1
250-300 .
300-400
1
1
2
1
1
400-500
I
1
1
1
500-750
1
1
1
750-1 000
1
1
1
Total
56
26
20
9
16
1
NET CAPITAL GAIN
[Net income classes and net capital gain classes in thousands of dollars]
Net capital gain classes
Net income classes
Aggre-
gate
Under
0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
6-6
31, 081
24, 181
18.088
14, 383
11, 508
35, 941
18. 400
11,043
7,100
8,615
4,826
2,996
1,925
1,266
905
667
1,598
537
259
132
135
74
80
33
36
4.538
3.261
2,328
1,697
1,286
3,641
1,486
790
480
525
266
142
97
60
41
32
74
23
10
7
6
2
2
2
3.096
2,241
1,558
1,151
907
2,449
1,023
546
347
320
166
114
61
36
26
16
45
8
4
3
4
1
1
2,372
1,686
1,160
884
683
1,936
806
470
251
269
166
73
47
21
15
19
20
9
6
4
3
1,917
1,394
977
727
520
1, .598
675
381
222
233
133
64
34
25
24
9
35
2
3
5
2
1,612
1,220
858
639
449
1,358
687
338
195
216
97
65
46
21
8
11
27
7
2
3
3
5,260
3,941
2,727
2,083
1,699
4,820
2,180
1,201
675
819
404
233
159
83
69
42
99
30
14
5
7
5
2
1
5,423
6-7
4,090
7-8
3,048
8-9
2,397
9-10
1,847
10-15
5,243
15-20
2,608
20-25
1,478
25-30.
881
30-40
967
40-50
483
50-60
284
60-70 -
172
70-80.
100
80-90
69
90-100
56
100-150
115
150-200
43
200-250
21
250-300
9
300-400
8
400-500
8
500-750
1
7
750-1,000
2
1
1,000 and over
3
1
4
Total..
195, 809
20, 796
14, 126
10,902
8,980
7,864
26, 558
29, 362
20
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
NET CAPITAL QAIN-Continued
[Net income classes and net capital gain classes in thousands of dollars]
Net income classes
Net capital gain classes— Continued
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
5-6
2,797
2, 301
1,817
1,.352
1,084
3,394
1,602
860
661
681
343
213
126
96
72
39
91
27
16
5
5
2
3
1
1
1,666
1,496
1,135
981
765
2\ 365
1,199
685
435
462
260
166
103
73
40
35
69
21
11
2
7
3
2
1,076
961
796
684
562
1,749
942
550
310
393
182
136
70
43
39
19
67
11
2
6
5
3
2
2
1,260
1.513
1,600
1,667
1,540
5,173
2,817
1,697
1,103
1,262
639
387
266
173
106
72
181
66
26
17
11
8
7
1
2
40
58
60
101
135
1,931
1,452
965
641
777
432
232
143
110
74
51
100
38
18
8
8
7
7
1
2
11
7
15
14
16
177
76 5
636
436
528
304
161
114
86
67
44
87
26
16
2
2
2
3
1
1
3
4
3
2
11
42
108
360
302
451
215
157
84
48
41
27
67
33
8
2
6
3
3
2
1
7
6-7
5
7->8
2
8-9
2
9-10
2
10-15
26
15-20
28
20-28
44
25-30
208
30 40
297
40-50
199
50-60
118
60-70
67
70-80
46
80-90
22
90-100
24
100-150
65
150-200
13
200-250
11
250-300
4
300-400
2
400-500
4
500-750
2
750-1,000
1
1,000 and over
1
Total
17, 489
11,981
8,610
21, 594
7,391
3,510
1,973
1,194
Net capital gain classes— Continued
Net income classes
30^0
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and
over
5-6
2
1
2
1
6-7
1
1
1
7-8
1
1
2
23
16
26
40
347
321
192
115
66
67
35
75
26
8
4
8
2
3
1
3
1
8-9
9-10
10-15
2
6
9
8
43
173
141
86
63
31
30
64
19
9
12
2
5
4
21
30
112
126
98
71
70
137
43
16
11
4
5
5
2
2
1
15-20
20-25
2
25-30
2
30-40
4
8
7
6
16
27
30
101
29
7
6
7
40-50
4
2
2
1
6
6
88
61
46
20
26
5
9
2
8
1
50-60
60-70
1
70-80.
1
80-90.
90-100
100-150
1
150-200
2
5
8
7
9
13
6
1
200-250
250-300
1
300-400.
4
4
1
2
400-500
1
4
5
1
500-750
3
750-1,000
1,000 and over
7
Total
1,384
698
778
254
291
53
14
7
STATISTICS OF INCOME
21
Individual returns with net income of $-5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
NET CAPITAL LOSS
[Net income classes and net capital loss classes In thousands of dollars]
Net capital loss classes
Net income classes
Aggre-
gate
Under
0.1
0.1-O.2
0.2-0.3
0.3-0.4
0.4-0.5
6-6
11, 709
8.873
6,782
5,283
4,199
12, 887
5,919
3,853
2,455
2,823
1,536
963
651
403
314
238
534
213
93
45
51
23
34
14
19
2,281
1,639
1,182
890
667
1,819
324
459
266
285
138
97
70
35
37
19
41
23
2
5
3
3
1,445
1,091
802
537
429
1,210
560
310
182
194
87
61
29
18
16
9
24
17
4
1,069
822
612
440
369
949
424
230
135
152
68
42
30
19
6
7
27
8
4
2
2
2
1
874
633
422
356
294
757
339
176
138
145
87
41
'I
8
7
18
8
9
1
1
707
6-7
504
7-8
368
8-9
285
&-10
225
10-15
671
lS-20
277
20-25
134
25-30 - -
100
30-40
103
40-50
60
60-60
34
60-70
20
70-80 ....
s
80-90
6
90-100
8
100-150
8
150-200
3
200-250
1
250-300
1
300-400
1
1
400-500....
1
500-750.
750-1,000....
1
1
1
1,000 and over
Total
69, 914
10, 287
7,027
5,420
4,339
3,525
Net income classes
Net capital loss classes-
-Continued
0.5-1
1-2
2-3
3-4
4
5-6
2,092
1,577
1,194
924
735
2,260
1,009
609
378
425
229
92
73
57
43
32
49
26
8
1
3
2
4
1,654
1,309
1,087
904
679
2,361
1,278
806
493
586
312
233
131
99
62
55
130
45
16
10
9
6
6
2
2
1,569
1,289
1,106
934
793
2,833
1,696
1,123
758
925
555
362
280
157
135
101
237
81
48
25
31
9
23
10
14
6
3
3
5
4
10
4
3
3
7
12
6-7
6
7-8
6
8-9
8
^10
4
10-15
17
15-20
8
20-25
3
25-30
2
3040
1
40-50
60-60
i
60-70
2
70-80
1
80-90.
1
90-100
100-150
150-200
1
1
1
200-250
250-300
300-400
400-600
600-750
750-1,000
1,000 and over
2
Total
11,824
12, 275
15,094
52
71
22
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over, 1936, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
RENTS AND ROYALTIES
[Net income classes and rents and royalty classes In thousands of dollars]
Net income classes
Rents and royalty classes
Aggregate
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
5-6
31,892
22, 427
14, 942
10, 997
8.371
23, 515
10, 546
5,925
3,613
4.220
2.269
1,292
889
583
405
297
659
215
113
48
57
34
33
23
15
5,722
4,019
2,709
1,881
1,379
3,843
1,488
854
507
570
317
172
90
81
52
32
83
17
12
5
10
4
5
3
4.563
3,040
1,958
1,390
1,132
2,822
1,172
637
406
457
222
119
81
46
28
26
51
22
9
4
5
4
5
2
1
3,277
2,262
1,513
1,095
767
2,103
888
466
241
288
150
74
68
46
24
24
50
18
5
3
3
2,648
1,713
1,057
792
582
1,618
670
385
232
239
121
77
46
25
21
19
40
4
8
1,946
1,337
802
604
474
1,190
506
279
182
183
104
63
38
35
18
8
21
10
5
1
1
1
2
4,936
3,512
2,277
1,626
1,229
3,590
1,572
872
516
624
319
173
111
75
61
44
88
28
12
9
5
1
3
4
2
3,708
6-7
2,734
7-8....
1,827
8-9
1 449
9-10
1 034
10-15
2 950
15-20
1,398
20-25
741
25-30
442
30^0
532
40-50...
256
60-60 . . .
166
60-70
126
70-80..
63
80-90
53
90-100 - .
45
100-150
82
150-200
30
200-250
16
250-300..
5
300-400
2
g
400-500
3
500-750
1
1
1
5
750-1,000
2
1,000 and over
2
3
Total-
143, 380
23,855
18, 202
13, 367
10,300
7,812
21, 689
17, 678
Net income classes
Rents and royalty classes— Continued
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
5-6
1,628
1,172
808
626
500
1,468
699
361
225
250
148
91
63
44
25
23
41
20
9
4
4
3
2
1
1,018
697
504
349
289
881
428
210
148
176
111
50
30
29
21
14
27
9
6
6
6
3
719
467
351
268
194
557
258
181
105
146
59
40
33
25
10
7
29
9
4
1
1
4
1
2
1,542
1,289
955
713
577
1,397
705
441
279
310
187
84
102
44
28
17
52
14
12
2
5
6
3
2
3
143
134
141
153
158
829
347
182
104
146
75
43
30
6
11
3
24
10
3
1
2
1
1
23
24
22
31
29
185
269
128
69
77
34
30
17
15
11
2
12
3
3
1
10
14
9
5
16
38
83
112
48
56
32
25
9
11
5
5
8
2
1
4
6-7
6
7-8
2
8-9
g
9-10
4
10-15
17
15-20
35
20-25 . .
36
25-30
59
30-40
42
40-50
25
50-60
14
60-70.
10
70-80
3
80-90
3
90-100
3
100-150.
12
150-200...
2
200-250
1
250-300.
1
300-400...
400-500
1
1
500-750
750-1,000..
3
3
2
1,000 and over
1
Total
8,215
5,018
3,471
8,769
2,547
986
491
289
STATISTICS OF INCOME
23
Individual returns tvith net income of $5,000 and over, 19S6, by net income classes
and by size of selected sources of income and loss: number of returns — Continued
RENTS AND ROYALTIES— Continued
[Net income classes and rents and royalty classes in thousands of dollars]
Rents and royalty classes—
Continued
Net income classes
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1.000 and
over
6-6 --
5
4
6
3
4
14
15
27
37
88
40
23
6
14
7
3
8
7
1
2
1
6-7
1
1
1
1
7-8
8-9
3
3
2
7
5
7
23
43
21
11
5
6
6
7
1
9-10
10-15
7
5
7
3
10
20
21
13
10
6
5
9
4
2
1
3
1
15-20
20-25
1
2
1
3
2
3
3
8
7
6
3
25-30
1
2
3
4
2
3
7
4
9
3
3
2
30-40
40-50
50-60
60-70
70-80
80-90
90-100-
100-150
150-200
200-250 ---
1
250-300
1
1
300-400
2
1
1
400-500 -
1
2
1
500-750
1
1
1,000 and over..
Total
315
152
127
43
51
3
DIVIDENDS '
[Net income classes and dividends classes in thousands of dollars]
Net income classes
Dividend classes
Aggregate
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
5-6 -
83, 337
60, 959
43, 658
32, 868
25, 680
76, 214
36,382
20, 874
12, 781
14, 954
8,001
4,842
3,118
1,984
1,427
1,048
2,452
848
399
198
210
109
116
49
54
17,619
10, 587
6,538
4,281
3,002
6,650
2,034
932
439
413
160
88
62
33
15
12
25
8
4
9,651
6,003
3,916
2,362
1,825
4,248
1,390
558
299
302
111
65
25
12
8
5
20
7
1
6,507
4,374
2,725
1,846
1,369
3,211
1,120
516
213
220
93
39
23
11
15
6
14
4
5,018
3,338
2,156
1,566
1,069
2,733
864
443
173
172
77
35
22
6
9
11
3,904
2,746
1,879
1,259
904
2,300
787
346
149
166
69
47
17
8
7
4
15
12, 612
9,059
6,239
4,548
3,264
8,491
2,790
1,368
707
617
266
147
79
45
34
12
37
12
4
2
11, 528
6-7
9,316
6,911
7-8
8-9. -..
5,188
9-10
3,800
10, 696
10-15
15-20
4 180
20-25
1,916
1,017
972
25-30.
30-40
40-50
401
50-60.
216
60-70
106
70-80
66
80-90.
45
90-100
22
100-150
64
150-200.
24
200-250
2
6
250-300
2
7
300-400
2
i
1
7
400-500
2
3
500-750
750-1,000
2
1
1,000 and over
Total
432, 562
52, 906
30, 810
22, 310
17, 700
14, 610
50, 336
66, 488
' "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years this item included dividends on stock of domestic
oorporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within the
United States, whether or not received direct or by partnerships and fiduciaries.
24
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over, 1936, hy net income classes
and by size of selected sources of income and loss: number of returns — Continued
DIVIDENDS I— Continued
[Net income classes and dividends classes in tlioosands of dollars]
Dividend classes
—Continued
Net income classes
2-3
3-J
4-5
5-10
10-15
15-20
20-25
25-30
5-6
6,059
5,055
3,899
3,070
2,501
7,160
3,041
1,441
800
714
325
152
73
47
46
22
44
10
4
2
2
1
3,629
3,323
2,621
2,124
1,811
5,504
2,461
1,185
630
600
279
121
85
47
40
16
39
6
6
4
4
1
2
2,514
2,231
1,864
1,593
1,376
4,344
2,070
1,023
568
550
244
130
77
26
22
18
25
12
1
3
3
1
1
1
4,078
4,684
4,572
4,537
3,960
13, 246
7,817
4,165
2,307
2,324
962
516
244
151
99
47
120
46
18
5
3
2
1
143
164
248
393
688
6,401
4,365
3,076
1,806
1,858
861
386
226
135
84
59
100
31
9
7
4
2
46
41
48
56
66
891
2,659
1,922
1,374
1,664
735
352
183
107
69
56
101
15
4
4
3
13
16
25
25
17
173
555
1,402
991
1,299
692
336
201
104
69
49
84
9
6
i'
4
6-7
7
7-8
7
8-9
6
9-10
6
10-15
67
15-20
122
20-25
390
25-30
880
30-40
1,158
40-50
613
60-60
351
60-70
166
70-80
118
80-90
46
90-100
47
100-150
77
150-200
21
200-250
10
250-300
3
300-400
4
400-500
500-750
i
1
2
1
3
750-1,000
1
1
Total
34, 468
24, 538
18, 697
63, 905
21, 047
10, 400
6,068
4,106
Dividend classes— Continued
Net income classes
30-40
40-50
50-75
75-100
100-250
250-500
500-1.000
1,000 and
over
6-6
6
8
6
9
11
51
70
141
333
1,507
1,004
652
358
178
112
67
159
41
20
10
4
1
2
3
3
6
1
1
4
17
21
15
31
87
277
618
718
487
277
194
307
62
30
13
8
2
4
6-7
1
7-8
2
2
6
22
24
26
53
296
801
531
341
182
135
85
124
32
13
2
6
1
1
8-9
1
1
5
4
4
4
20
11
20
19
28
60
111
684
440
191
50
38
19
15
2
2
9-10 -.
10-15
4
7
5
7
13
20
39
92
193
234
211
391
59
21
11
10
2
3
2
15-20
1
20-25
25-30
30-40
2
40-50
50-60
1
1
60-70
70-80
80-90
1
1
9
7
47
69
107
58
23
5
6
90-100 .-
100-150
2
1,')0-200
1
200-250
1
3
1
12
58
26
7
250-300
300-400
1
400-500
2
500-750
2
750-1,000...
g
1,000 and over
1
1
2
32
Total
4,751
2,687
3,185
1,326
1,729
339
110
46
For footnote, see p. 23.
STATISTICS OF INCOME 25
PROFIT AND LOSS FROM BUSINESS, BY INDUSTRIAL GROUPS, RETURNS WITH NET
INCOME OF $5,000 AND OVER
The profit and loss from business (sole proprietorship) reported on
returns, Form 1040, with net income of $5,000 and over, are classified
in the following table according to nature of business.
For businesses with information in schedule A, there are shown the
number with profit and with loss, total receipts, labor and salaries,
profit or loss. For businesses without information in schedule A,
and for all businesses, there are presented the total number with profit
or with loss and the amount of profit or loss.
In the tabulation of sources of income from individual returns the
classification "business profit" represents items of profit reported on
the returns, as shown by the total receipts from business or profession,
less cost of goods sold and other business deductions, such as salaries,
interest on business indebtedness, taxes on business or business prop-
erty, losses from fire or storm, bad debts arising from sales, deprecia-
tion, obsolescence and depletion, rents, repairs, and other expenses as
provided for in schedule A of the individual income tax returns. Form
1040. The "business loss" represents items of loss from business
which occur when deductions exceed the total receipts.
Basic table 8, pages 102-107, contains, for each industrial group, a
frequency distribution of the number of businesses and the profit or
loss from business by size of profit or loss.
The following table and basic table 8 exclude (1) income from
partnerships reported in item 7 on face of return. Form 1040, (see p.
152), (2) salaries, wages, fees, commissions, etc., reported in item 1 on
face of return, and (3) business profits or losses reported on returns
with net income of less than $5,000.
26
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over with business (sole
loss: number of businesses, total receipts, labor and salaries,
[Money figures in
Industrial groups
Agriculture and related industries..
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and
nonalcoholic)
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products...
Forest products
Paper, pulp, and products
Printing, publishing, and allied indus-
tries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified-
Total manufacturing.
Construction
Transportation and other public utilities —
Trade:
Retail
Wholesale
Wholesale and retail ,
Total trade
Service:
Domestic — Laundries, hotels, restau-
rants, etc... - ,
Amusements
Curative (medicinal and all other) ,
Educational
Engineering
Legal.
All other.
Total service
Finance:
Investment brokers...
Real estate —
All other
Total finance ,
Nature of business not given
Grand total 1936 ,
1935 ,
1934
1933.
1932
1931
1930
1929
1928
1927
Businesses with
All businesses
information in
Schedule A
Profit
Number
Num-
ber
with
loss
with
Profit
Loss
profit
Num-
Total re-
ber
ceipts
12, 705
69, 215
8,161
25, 735
10, 559
238, 480
1,312
14, 090
311
1,972
938
40, 168
1,485
13, 766
55
130
1,336
158, 054
337
3,434
19
34
311
27, 917
39
309
2
34
32
3,465
1,200
11.241
53
150
1,109
148, 873
123
1, 254
11
11
112
18, 263
34
302
6
2
30
4,826
567
5,189
43
91
487
46. 356
no
882
5
54
101
7,094
1,011
7,860
85
219
896
46, 496
275
4,008
28
58
245
18. 466
267
2,745
14
67
242
16, 427
1,231
12, 566
59
110
1,130
85, 059
933
10, 220
85
315
835
81, 700
7,612
73, 776
465
1,273
6,866
662, 996
4,148
36, 241
146
379
3,630
293, 530
1.961
15, 684
126
384
1,752
104, 995
28, 949
204, 464
1,798
3,519
25, 557
2, 203, 698
4,822
44, 537
197
484
4,392
928, 204
747
6,423
23
39
688
104, 000
34, 518 _
255. 425
2,018
4,042
30, 637
3, 235, 902
3,760
24, 509
307
892
3,442
171, 804
1,647
13. 877
307
1, 505
1,407
56, 659
28, 351
220. 450
555
627
25, 892
359, 436
2,011
17. 343
303
381
1,709
36, 055
2,078
15, 870
285
589
1,796
35, 432
13,303
113, 190
728
933
11,032
152, 180
4,934
38, 773
229
306
4,405
118,066
56,084
444,011
2,714
5,233
49, 683
929, 631
1,206
16, 112
143
734
969
172, 871
1,986
12, 835
376
1,251
1,679
28, 426
4,667
35, 841
217
666
3,941
97, 470
7,859
64, 788
736
2.651
6,589
298, 766
6, 320
48, 378
1,083
3,455
4,460
302, 701
132, 519
1,021.608
1.5, 760
45, 125
115,114
6, 107, 169
89, 714
687, 467
11,323
33,713
75,511
3, 813, 750
73, 889
568. 689
9.969
29, 753
64, 603
3, 222, 239
49, 740
393. 315
7.970
26, 791
43,127
2, 414, 325
45, 547
97, 779
354, 488
766, 730
1,21.5.452
154. 640
228, 475
1, 836, 329
220. 159
1, 772, 2.55
1, 704, 175
212,919
' All salaries and wages paid, which were tabulated separately for 1933-35.
> Less than $500.
STATISTICS OF INCOME
27
proprietorship) , 1936, by industrial groups and hy businesses with profit or
profit or loss; also grand totals for certain items for prior years
thousands of dollars]
Businesses with information in Schedule A— Continued
Businesses without information in
Schedule A
Proiat
Loss
Number
with
profit
Profit
Number
with
loss
Labor
and
salaries •
Profit
Number
Total re-
ceipts
Labor
and
salaries '
Loss
Loss
35, 314
5,934
60, 683
11,034
7,004
224
35, 461
2, 487
14, 710
802
23, 114
1,619
2,146
374
8,532
3,056
1,157
87
2,621
353
21, 658
3,434
659
41, 252
3,927
972
9,568
1,734
14, 298
2,756
3,647
21, 286
19, 867
12,811
3,324
267
10, 578
1,202
295
4,624
855
7,182
3,770
2,510
11,862
9,337
47
13
,1
7
4
36
5
66
21
13
55
73
3,159
930
342
139
122
31
1
127
10
1
80
54
197
48
62
106
285
149
26
7
91
11
4
80
9
115
30
25
101
98
955
110
41
663
63
6
664
27
677
238
235
704
883
8
6
1
12
4
2
7
8
4
32
2,714
59
33
1,005
597
1,471
526
699
1,094
1,745
716
34
13
265
262
613
67
235
338
664
23
1
11
19
7
1
4
12
23
10
5
4
30
145, 058
68, 618
382
14, 031
3,687
1,123
746
6,157
83
150
72, 333
21, 271
32, 882
14,419
116
105
1,763
2,091
501
416
294
278
518
209
3,359
1,265
30
21
84
106
200, 395
40, 595
7,749
187, 959
41,436
6,098
1,368
175
18
44, 651
13, 973
1,022
6,534
1,079
64
2,956
468
36
3,392
430
59
16,506
3,101
325
430
22
5
664
17
3
248, 740
235, 493
1,561
59, 647
6,677
3,459
3,881
19, 932
457
583
39, 889
11,035
46, 865
8,031
9,458
24, 139
24, 116
22, 918
11,834
206, 134
15, 702
14, 227
96, 742
34, 892
269
238
475
240
214
602
173
4,148
2,020
1,959
433
1,249
1,255
1,009
1,306
809
841
176
471
850
325
852
1,197
550
320
469
823
220
318
240
2,459
302
282
2,271
529
1,591
2,044
14,315
1,641
1,643
16, 447
3,881
38
69
80
63
71
126
56
41
308
76
61
119
110
86
163, 533
402, 449
2,211
12, 673
4,778
4,432
6,401
41, 662
503
801
3,283
4,542
18, 462
13.053
10. 981
30, 397
104
309
168
3.334
3,133
8,873
356
651
430
598
1,110
470
237
307
726
3,059
1,854
6,444
39
67
49
136
141
196
26, 287
54, 432
581
15, 340
1,438
2,177
1,270
10, 356
155
474
39, 262
36. 921
695
12, 595
2,429
2.288
1,860
11, 458
388
1,167
757, 732
484. 470
456, 334
359. 365
916. 930
583. 203
499. 700
347, 615
12. 879
8,726
7,944
6,374
156. 087
95. 745
99. 985
111,489
35, 438
21, 742
26. 337
22, 223
38,784
22. 098
20, 927
22, 248
17, 405
14. 203
9.286
6,613
104, 678
104, 264
68. 989
46,200
2,881
2. 597
2,025
1.696
6,340
11,615
8,826
4,543
83167—38-
28 STATISTICS OF INCOME
WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS WITH NET
INCOME OF $5,000 AND OVER
Wholly tax-exempt obligations consist of securities the interest on
which is wholly exempt from the normal income tax and surtax of the
Federal Government. Partially tax-exempt obligations comprise se-
curities the interest on wliich is exempt from the normal income tax of
the Federal Government and certain issues on which the interest on
the principal amount up to $5,000 is also exempt from surtax. Dur-
ing the calendar year 1936, the wholly tax-exempt obligations on
which interest was paid consisted of (1) obligations of the Federal
Government: bonds issued on or before September 1, 1917, Treasury
bills, Treasury certificates of indebtedness, Treasury notes, securities
issued under the Federal Farm Loan Act, or such act as amended,
(2) obligations of a State, Territory or pohtical subdivision thereof, or
the District of Columbia, and (3) obligations of United States pos-
sessions. Partially tax-exempt obhgations were United States sav-
ings bonds, Treasury bonds, and obligations of instrumentahties of
the United States other than obligations issued under Federal Farm
Loan Act, or such act as amended .
The tabulation presented herewith shows, for returns with net
income of $5,000 and over, the wholly and partially tax-exempt
obligations owned as of the end of the year, and the total wholly and
partially tax-exempt interest received or accrued during the year,
segregated by nature of obligation and by net income classes. Bond
holdings frequently vary materially during the year, therefore the
amount of bonds reported as of the end of the year may include bonds
for which no interest was received or accrued, and, vice versa, the
interest reported may include interest on bonds which have been sold
prior to the end of the year.
Moreover, in some cases where the income is received through
partnerships and fiduciaries, interest is reported for which no corre-
sponding principal amount owned, representing the pro rata share
of the member of the partnership or beneficiary of the estate or trust
in the principal owned by the partnership or estate or trust, is reported.
Schedule D, Form 1040, from which this table is prepared, is a
supplementary informational schedule and frequently is not com-
pletely filled out. Therefore, the amount of interest in excess of
exemption may not correspond to the amount of taxable interest
on Government obligations, etc., reported on the face of the return
for tax computation.
Inasmuch as Liberty ZVo percent Bonds and Liberty 4 and 4% per-
cent bonds are matured obligations on which interest has ceased,
data concerning these obligations are no longer included in this table.
STATISTICS OF INCOME
29
Individual returns with net income of $5,000 and over and with wholly and partially
tax-exempt Government obligations, 1936, by net income classes and by each type of
obligation: amount owned and interest received
[Net Income classes and money figures in thousands of dollars]
Amount owned at end of year
Total
"Wholly tax-exempt obligations
Partially tax-exempt obliga-
tions
Net income classes
Total
Obliga-
tions of
States
and Ter-
ritories or
political
subdivi-
sions
thereof
and
United
States
posses-
sions
Obliga-
tions
issued
under
Federal
Farm
Loan
Act
Treasury
notes.
Treasury
bills,
and
Treasury
certifi-
cates of
indebt-
edness '
Total
United
States
savings
bond&
and
Treasury
bonds
Obliga-
tions of
certain
Instru-
mentali-
ties of the
United
States'
6-6
164, 749
144,070
120,230
127, 810
101,093
93. 122
85,733
86, 915
78,051
65, 763
349.231
277, 102
221, 380
373, 171
244, 494
2Q7, 893
179, 863
134, 504
109, 599
102, 276
344, 324
215, 965
140, 989
139. 191
97.431
83,720
162, 420
92, 448
50,698
36, 689
119, 184
973
6
86, 125
77,473
66. 558
75,240
65, 508
60,052
49, 683
50, 878
47. 321
38, 828
236, 357
194, 301
152, 50S
273.857
193, 225
170, 896
147, 453
115,638
94,043
89, 327
294, 447
201. 992
131. 757
133. 036
94, 229
78, 648
158, 784
91, 758
50,416
36, 683
119, 175
973
62, 255
54,648
47,079
66, 566
39, 792
34, 792
36,583
37, 574
33, 007
29, 623
176. 068
148. 110
118,051
206,711
141, 552
120, 034
106. 767
80. 515
69, 978
65, 145
197, 60S
151,078
86, 473
108, 637
58, 049
50, 345
111,739
67.218
31.019
9,067
30, 055
8,630
10,408
8.570
7,930
7,272
5.790
4.945
5.277
6.062
3,740
22, 201
17,093
13, 319
24,650
15, 591
14. 391
9,763
10, 865
7,498
8, 008
32,027
9.753
8.655
3.333
6.855
3, 457
9,959
2,573
515
15,240
12,416
9,909
10, 746
8,444
9,470
8.155
8.027
8,253
5,465
38. 089
29. 098
21. 139
42. 496
36.082
36.472
30,923
24,259
16. 567
16. 174
64. 812
41. 161
36. 630
21.005
29, 324
24.846
37.085
21. 907
18. 881
27, 617
88,746
973
78, 624
66, 597
54,672
62. 570
45,585
43. 070
36, 050
36, 037
30, 729
26. 935
112,874
82, 801
68, 871
99.313
51. 269
36. 997
32.410
18. 865
15, 556
12, 949
49, 877
13, 973
9,231
6,155
3.202
5.072
3.636
690
283
5
9
69. 727
59.202
48. 555
46.443
40. 796
38,683
32. 134
32. 974
27, 491
23,785
103, 849
74, 566
62. 347
90.669
46, 883
33, 771
30. 307
17. 702
14. 761
12,048
47, 832
13, 402
8.469
5.717
2.201
4,955
3,333
487
260
6
g
8,897
7,395
6-7 -
7-8
6,117
8-9
6, 126
»-10
4,789
10-11
4.386
11-12
3,916
12-13
3,063
13-14
3,238
14-15
3,149
15-20
9.026
20-25
8,235
25-30 -
6,524
30-40 --
8,644
40-50
4,387
50-60 -
3,226
60-70
2,103
70-80
1,163
80-90
795
90-100 -.
902
100-150
2,046
150-200.
670
200-250
762
250-300
438
300-400
1,001
400-500
117
500-750..
303
760-1,000
203
1,000-1.500
23
1.500-2.000
2,000-3,000
374
3,000-4 000
4,000-.'),000
5
5
6,000 and over
Total
4, 751. 084
3. 656, 171
2, 566. 138
289, 502
800,531
1,094,913
993. 369
101,644
For footnotes, see p. 30.
30
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over and with wholly and partially
tax-exempt Government obligations, 1936, by net income classes and by each type of
obligation: amount owned and interest received — Continued
[Net income classes and money figures in thousands of dollars]
Interest received or accrued during the year
Total
Wholly tax-exempt obligations
Partially tax-exempt obliga-
tions
Net income classes
Total
Obliga-
tions of
States
and Ter-
ritories or
political
subdivi-
sions
thereof
and
United
States
posses-
sions
Obliga-
tions
issued
under
Federal
Farm
Loan
Act
Treasury
notes.
Treasury
bills,
and
Treasury
certifi-
cates of
indebt-
edness "
Total
United
States
savings
bonds
and
Treasury
bonds 3
Obliga-
tions of
certain
instru-
mentali-
ties of the
United
States <
5-6
8,180
7, 565
6,273
6,825
5,408
5,121
4,733
4,539
. 4,828
3,532
18, 772
18, 245
13, 198
22, 118
14, 925
12, 503
11,430
9,911
6, 595
7,108
19, 497
11,991
9,365
6,108
5,289
4,051
8,702
4.069
3, 359
1,175
2,804
54
289
5, 254
4,868
4,132
4,728
3,692
3,520
3,341
3,138
3.312
2,514
14. 388
14. 795
10, 526
18. 156
12. 901
11,001
10, 229
9,122
5, 999
6,644
17, 682
11,462
9,005
5,891
4,928
3,880
8,582
4,049
3,350
1,175
2,804
54
289
4,096
3,741
3,067
3.676
2,850
2.772
2,663
2,493
2,729
2,077
11,563
12, 088
8,870
15, 126
10, 648
8,821
8.611
7,445
5,118
5, 682
14.339
9,273
7,299
5,177
3.919
3. 058
7,303
3,453
2,560
700
1,271
41
263
391
.521
436
333
349
312
283
251
'248
179
1,096
1,482
639
1,167
825
805
540
532
312
370
1,272
444
526
127
243
141
278
81
57
767
606
629
720
493
437
396
393
335
257
1,730
1,225
1,016
1,863
1,428
1,375
1,079
1,145
568
,591
2,071
1,744
1,181
587
766
681
1,001
515
733
475
1,520
13
19
2,926
2,698
2,141
2,097
1,716
1,600
1,392
1,401
1.515
1.019
4,383
3, 450
2,672
3, 963
2,024
1,502
1, 201
789
595
464
1,815
529
360
217
361
172
120
20
9
0)
(')
2, 587
2.246
1,878
1,766
1.514
1,415
1,210
1,256
1,352
899
3. 966
3,108
2,350
3,592
1,821
1,318
1,069
685
555
427
1,721
484
317
201
313
167
109
17
8
(')
(')
339
6-7
7-8 - -
451
263
8-9 --
331
9-10
202
10-11
186
11-12 -
182
12-13 -
145
13-14
163
14-15
119
16-20
417
20-25 -
342
25-30
323
30-40
371
40-50
203
50-60
184
60-70
131
70-80
104
80-90 -
40
90-100
37
100-150
94
150-200
46
200-250
43
250-300
16
300-400
4S
400-500 .-
6
600-750
12
750-1,000 -
4
1,000-1,500
1
1 500-2,000
2,000-3,000
13
(')
3,000-4,000
4,000-5,000
7
(»)
(')
6,000 and over
Total
268, 564
225, 412
182, 793
14, 260
28,359
43, 152
38, 352
4,800
1 Includes other obligations of United States issued on or before September 1, 1917.
' Includes obligations of instrumentalities of the United States other than obligations issued under Fed-
eral Farm Loan Act, or such act as amended.
' Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from
income taxes. (See line (e), column 3, schedule D, Form 1040, p. 153.) The amount of such interest re-
ceived on a principal amount in excess of exemption of $5,000, which is reported on the face of the return for
tax computation, is tabulated in "Taxable interest on partially tax-exempt Government obligations" in
the text table on p. 11 and basic table 7 on p. 99.
< Includes interest received on obligations of instrumentalities of the United States other than obligations
issued under Federal Farm Loan Act, or such act as amended. (See line (f), column 3, schedu'e D. Form
1040, p. 153.) The amount of such interest received, which is reported on the face of the return f r tax com-
putation, is tabulated in "Taxable interest on partially tax-e.xempt Government obligations" in the text
table on p. 11 and in basic table 7 on p. 99.
» Under $600.
RETURNS ON FORM 1040 WITH NO NET INCOME
As noted on page 2, the general tables for individual returns in
Statistics of Income do not include data from returns which show
no net income. Such returns, in most instances, are filed in accord-
STATISTICS OF II^COME
31
ance with the statiitoiy requirements that every individual with
gross mcome of $5,000 and over, irrespective of the amount of net
income or deficit, file an income tax return. Tabulations prepared
from these returns by deficit classes and by sources of income and
deductions are shown below. The distribution of the returns by
States and Territories and more detailed tabulation of the sources
of mcome and deductions, by deficit classes are shown in basic tables 10
and 11, pages 133-134.
Individual returns, Form IO4O, with no net income, 1936, hy deficit classes: number
of returns, deficit, and totals for 1932-36
[Deficit classes and money figures in thousands of dollars]
Deficit classes
Number
of returns
Deficit
63, 416
5,135
3,075
965
410
113
1C3
31
17
7
76, 107
6-10 ---
35, 791
10-25
46, 769
25-50 ---
32, 923
50-100 ---
28, 170
100-150 -- - -
13,912
150 300 .. -
21, 399
300-500
11,485
500-1,000 ... -
11,561
1 000 and ove'" -
8,513
Total 1936
73, 272
94, 609
104, 170
168. 449
206, 293
286, 632
1935
381. 353
1934
412. 859
1933
1,141,331
1932 .
1, 480, 922
Individual returns, Form IO4O, with no net income, 1936: sources of income and
deductions, and deficit *
Sources of income and deductions
Sources of income-
Salaries, wages, commissions, fees,
etc
Business profit
Partnership profit 2
Net capital sain 3..
Rents and royalties
Dividends on stock of domestic and
foreign corporations <
Income from fiduciaries 2
Taxable interest on partially tax-ex-
em.pt Government obligations '..
other taxable interest
Other income ^
Total income
.Amount
(thou-
sands of
dollars)
57, 036
22,729
9,450
22. 497
42, 091
54, 156
8,73S
1.322
22, 017
8,493
248, 530
Sources of income and deductions
Deductions:
Business loss
Partnership loss 2..
Net capital loss 3..
Interest paid '
Taxes paid '
Contributions
Other deductions..
Total deductions
Deficit..
.\mount
(thou-
sands of
dollars)
90,070
28, 190
14, 845
48,189
38, 850
3,753
311, 263
.535, 161
286, 632
' For general explanations, see pp. 1-5. ' See text, p. 8.
» For definition of capital assets and amounts of net capital gain and loss taken into account for tax pur-
poses, see text, p. 8, and synopsis of laws, pp. 144-145.
* "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received bv partnerships and fiduciaries. In former years, t his item included dividends on stock of domestic
corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within the
United States, whether or not received direct or by partnerships and fiduciaries.
' Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and
on obligations of certain instrumentalities of the United States. (See items 5 and 25, Form 1040, p. 152.)
» Excludes dividends received on stock of domestic corporations not subject to taxation under Title I
of the Revenue .\ct of 1936 and on stock of foreign corporations. In former years, dividends received from
these two tvpes of corporations were tabulated as "other income," except in so far as included in partnership
and fiduciary income, and until 1934 except in so far as received from foreign corporations deriving more
than half their eross income from sources within the United States. See footnotes 2 and 4,
' Excludes amounts reported in schedules A and B as business deductions.
32
STATISTICS OF INCOME
NUMBER OF RETURNS BY COUNTIES', CITIES, AND TOWNS
The statistics showing the number of individual income tax returns
for 1936 by counties, cities, and towns having a population of 1,000
and over, are issued in a separate mimeographed bulletin entitled
"Individual Income Tax Returns for 1936 — Number of Returns by-
States, by Counties, and by Cities and Towns," which was released
in May 1938. Copies may be secured from the Bureau of Internal
Revenue, Washington, D. C, upon request. Information on net
income and tax liability on individual income tax returns is not tabu-
lated for smaller civil divisions than States and Territories.
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessment. The partnership net income,
whether distributed or not, or the net loss, is reported on the individual
returns of the copartners according to their shares. A partnership
return of income (Form 1065, see p. 160) is, however, required to be
filed.
The number of partnership returns filed for 1917 through 1936 is
as follows:
Year: Number
1917 31,701
1918 100,728
1919 175,898
1920 . 240,767
1921 259,359
1922__ __ 287,959
1923 304,996
1924. 321,158
1925 309,414
1926 295,425
Year: Number
1927 _. _.. 282,841
1928_ 272,127
1929 263,519
1930 _._ 244,670
1931. _. 230,407
1932 216,712
1933 214,881
1934 221,740
1935 222,293
1936 237,367
HISTORICAL SUMMARIES (INDIVIDUAL RETURNS)
A resum^ of the individual income tax returns for each of the years
since the inception of the present period of income taxation, showing
number of returns, net income, and tax, by net income classes, also
sources of income and deductions, is shown in the following tables.
Summary figures for individual returns by States and Territories
for the years 1926 through 1936, showing number, net income, and
tax, are tabulated as a section of basic table 9, pages 108-132.
STATISTICS OF INCOME
33
Individual returns, 1913-36: number of returns, net income, tax before credits, tax
credits, and tax '
[Money figures in thousands of dollars]
Number of returns
Year
Total
Taxable
Nontaxable
Percent of total
Net ineome
Tax-
able
Non-
taxable
1913
357, 598
357, 515
336, 652
437, 036
3,472,890
4,425,114
5, 332, 760
7, 259, 944
6,662,176
6, 787, 481
7, 698, 321
7,369,788
4,171,051
4, 138, 092
4, 101, 547
4, 070, 851
4, 044, 327
3, 707, 509
3, 225, 924
3, 877, 430
3, 723, 558
4, 094, 420
4,575,012
5, 413, 499
3,900,000
4, 000, 000
1914
1915
4,600 000
1916
362, 970
2, 707, 234
3, 392, 863
4, 231, 181
5, 518, 310
3, 589, 985
3, 681, 249
4, 270, 121
4, 489, 698
2, 501, 166
2, 470, 990
2, 440, 941
2, 523, 063
2, 458, 049
2, 037, 645
1, 525, 546
1, 936, 095
1, 747, 740
1, 795, 920
2,110,890
2,861,108
74, 066
765, 656
1, 032, 251
1, 101, 579
1,741,634
3, 072, 191
3. 106, 232
3, 428, 200
2, 880, 090
1, 669, 885
1, 667, 102
1, 660, 606
1, 547, 788
1, 586, 278
1, 669, 864
1, 700, 378
1,941,335
1,975,818
2, 298, 500
2, 464, 122
2, 552, 391
83
78
77
79
76
54
54
65
61
60
60
59
61
61
65
47
50
47
44
46
63
17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
53
60
53
56
54
47
6, 298, 578
13, 652, 383
1917
1918
15, 924, 639
1919
19, 859, 491
1920
23, 735, 629
1921
19, 677, 213
1922
21, 336, 213
1923 3
24, 777, 466
1924.
25, 656, 153
1925.
21, 894, 576
1926
21, 958, 508
1927
22, 545, 091
1928
25, 226, 327
1929
24, 800, 736
1930
18,118,635
1931
13, 604, 996
1932
» 11,655,909
1933
11,008,638
1934
12, 796, 802
1935
14, 909, 812
1936.
19, 240, 110
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 138-145. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi-
tional assessments, etc.; tax for 1916 and subsequent years is tax liability reported on returns.
« Revised figures. (See Statistics of Income for 1925, pp. 28-29.)
• Revised. (See Statistics of Income for 1935, Part 1, p. 3, footnote 6.)
34
STATISTICS OF INCOME
Individual returns, 1913-86: number of returns, net income, tax before credits, tax
credits, and tax i — Continued
[Money figures in thousands of dollars]
Tax before tax credits
Tax credits
Year
Normal
tax
Surtax
Tax on
capital
net gain,
WA per-
cent
Total
25 per-
cent of
tax on
earned
net in-
come 2
12 H per-
cent on
capital
net loss
from sale
of assets
held
more
than 2
years
Total
Taxi
1913
12, 729
16, 559
23, 990
51,441
156, 897
476, 433
468, 105
478, 250
308, 059
355, 410
378, 388
257, 795
216, 360
200, 599
215,817
281, 895
162, 332
129, 475
82, 302
156, 606
164, 277
123, 261
152, 814
330, 197
15, 525
24, 487
43, 948
121,946
433, 346
651, 289
801, 525
596, 804
411,327
474, 581
464, 918
437, 541
432, 853
448, 330
511,731
688, 825
582, 393
316,816
186, 078
239, 232
244, 307
388, 139
504, 625
883, 820
28, 254
41, 046
67, 944
173,387
< 795, 381
1, 127, 722
1, 269, 630
1,075,054
719, 387
861,057
882, 222
743, 939
766, 784
761,440
861, 582
1, 204, 170
1, 029, 379
511,713
287, 803
401,877
425, 019
511,400
657, 439
1,214,017
28, 254
1914
41,046
1915
67, 944
1916
173, 387
1917
* 795, 381
1918
1, 127, 722
1919
1, 269, 630
1920
1, 075, 054
1921
719, 387
1922
31,066
38,916
48, 603
117,571
112,510
134, 034
233, 451
284, 654
65, 422
19, 423
6,039
16, 435
861, 057
1923 3
« 220, 555
39, 673
32, 229
28, 969
30, 943
39,916
27,441
34, 998
41,676
71,915
50, 899
661, 665
1924
30, 637
24, 570
24, 647
24, 915
34, 790
22,062
24, 886
17, 491
9,036
7,659
4,322
6,028
5,126
5,378
10, 112
24, 185
71,915
50, 899
704, 265
1925
734, 555
1926
732, 475
1927
830, 639
1928 -.
1, 164, 254
1929
1, 001, 938
1930
476, 715
1931
246, 127
1932
329, 962
1933
374, 120
1934 .
511, 400
1935
657, 439
1936
1, 214, 017
• See footnote on p. 33.
' See limit of credit, p. 145.
« Revised figures. (See Statistics of Income for 1925, pp. 28-29.)
« Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships.
• 25 percent reduction provided by sec. 1200 (a) of Revenue Act of 1924.
Individual returns, 1914-36, by net income classes: number of returns
Net income classes
(Thousands of dollars)
1914
1915
1916
1917
1918
1919
1920
Under 1
1-2
1,640,758
838, 707
560, 763
270, 666
112,502
30, 391
12, 439
3,302
2,347
559
315
141
1, 516, 938
1,496,878
932, 336
319, 356
116,569
28, 542
9,996
2,358
1,514
382
178
67
1, 924, 872
1,569,741
1, 180, 488
438, 851
162, 485
37, 477
13, 320
2,983
1,864
425
189
65
2, 671, 950
2-3
2, 569, 316
1,337,116
3-5
149, 279
127, 448
58, 603
14, 676
5,161
1,189
769
216
114
60
127, 994
120, 402
60, 284
17, 301
6,847
1,793
1,326
376
209
120
157, 149
150, 553
80, 880
23, 734
10, 452
2,900
2,437
714
376
206
6-10
455, 442
171, 830
10-25
25-50
38, 548
60-100..
12, 093
100-150.
2,191
150-300
1,063
300-500--
239
500-1,000
123
1,000 and over
33
Total
357, 515
336, 652
' 429, 401
3, 472, 890
4,425,114
5, 332, 760
7,259,944
' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 138-145. The returns for 1913 are omitted, as they pertain only to the
last 10 months of that year. Data for returns of net income under .$5,000 are estimated on basis of sample for
1918 througli 1927 and for 1929: and partly estimated and partly tabulated 1928, 1930, and subsequent years.
' Excludes 7,635 returns of married women making separate returns from husbands. In 1916 the net
Income on returns filed separately by husband and wife is combined and the total appears as one return.
In all other years the returns of married women filed separately are included in their individual income
classes independently of the husband's income.
STATISTICS OF INCOME 35
Individual returns, 1914-36, hy net income classes: number of returns^ — Continued
Net income classes
(Thousands of dollars)
1921
1922
1923 »
1924
1925
1926
1927
Under 1
1-2
2-3
3-5
5-10
10-25
25-50
50-100
100-150.. ,
150-300
300-500........
500-1,000
1,000 and over.
Total...
401, 849
2, 440, 544
2, 222, 031
1, 072, 146
353, 247
132, 344
28,946
8,717
1,367
739
162
63
21
402, 076
2,471,181
2, 129, 898
1, 190, 115
391, 373
151,329
35, 478
12, 000
2,171
1,323
309
161
67
368, 502
2, 523, 150
2, 472, 641
1, 719, 625
387, 842
170,095
39, 832
12, 452
2,339
1,301
327
141
74
344, 876
2, 413, 881
2,112,993
1, 800, 900
437, 330
191,216
47, 061
15,816
3,065
1,876
457
242
75
98, 178
1, 071, 992
842, 528
1, 327, 683
503, 652
236, 779
59, 721
20, 958
4,759
3,223
892
479
207
119,513
1, 045, 519
837, 792
1, 240, 400
560, 549
246, 730
57, 487
20, 520
4,724
3,267
892
468
231
126, 745
996, 098
855, 762
1, 209, 345
567, 700
252, 079
60, 123
22, 573
5,261
3,873
1,141
557
290
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4, 171, 051
4, 138, 092
4, 101, 547
Net income classes
(Thousand.s of dollars)
1928
1929
1930
1931
1932
1933
1934
Under 1
1-2
2-3
3-5
5-10
10-25.
25-50 ,
60-100
100-150 ,
150-300 ,
300-500
500-1,000
1,000 and over.
Total- -.
Ill, 123
918, 447
837, 781
1, 192, 613
628, 766
270, 889
68, 048
27, 207
7,049
5,678
1,756
983
511
126, 172
903, 082
810, 347
1, 172, 655
658, 039
271, 454
63, 689
24, 073
6.376
5,310
1,641
976
513
150, 000
909, 155
767, 684
1,070,239
550, 977
198, 762
40, 845
13, 645
3,111
2,071
552
318
150
185, 391
862, 153
675, 019
912, 630
417,655
137, 754
24, 308
7,830
1,634
1,056
268
149
77
359, 688
1, 489, 589
967, 956
703, 755
251,014
79, 210
18, 480
5,902
995
595
140
86
20
397, 676
1, 480, 717
914, 198
599, 075
229, 754
75, 643
18, 423
6.021
1,084
695
141
81
50
320, 460
1, 608, 095
980, 682
762, 536
290, 824
102, 892
20, 931
6,093
982
690
116
86
33
4, 070, 851
4, 044, 327
3, 707, 509
3, 225, 924
3,877,430
3, 723, 558
4, 094, 420
Net income classes
(Thousands of dollars)
1935
1936
Under 1
299, 594
1, 777, 931
1, 123, 699
873, 673
339, 842
123, 564
26, 029
8,033
1,395
896
206
109
41
277, 803
2 HI 789
1-2
2-3
1,317,752
1, 029, 144
440, 886
176, 649
41, 137
3-5
5-10
10-25
25-50
60-100
13, 620
2,608
1,544
100-150
150-300
300-500
330
600-1,000
178
1,000 and over
61
Total
4,575,012
5, 413, 499
> See footnote at bottom of p. 34.
• Revised. (See Statistics of Income for 1925, pp. 28-29.)
36
STATISTICS OF INCOME
Individual returns, 1916-36, by net income classes: net income
[Net income classes and money figures in thousands of dollars]
Net Income classes
1916
1917
1918
1919
1920
1921
1922
Under 1
213, 850
3, 620, 762
5, 325. 931
4,054,891
2, 378, 759
1, 958, 156
979, 629
582, 230
163, 521
145, 948
61,343
42, 780
49, 411
247, 564
1-2
2,461,137
2, 064, 977
2,115,885
1, 827, 508
1, 687, 1G6
1, 042, 320
846, 894
400, 492
474, 6.52
209, 905
214,631
306, 836
2, 232. 355
3, 626, 825
3, 535, 219
2, 145, 690
1, 736. 548
978, 043
679. 721
284, 107
305, 025
144, 545
119,076
137, 487
2,829,113
3, 807, 286
4, 513, 264
2, 954, 137
2,412,276
1, 277, 365
896, 497
358, 393
371, 149
159, 071
128, 290
152, 650
4, 050, 067
6, 184, 543
5, 039, 607
3, 068, 331
2, 547, 905
1, 307, 785
810, 386
265, 512
215, 139
89, 314
79, 963
77, 078
3, 630, 571
2-3
5, 153, 497
3-5
624, 669
1, 037, 248
1, 235, 016
822, 662
722, 795
357, 355
505, 859
271,938
256, 771
4, 500, 558
6-10
2, 641, 905
10-25
2, 255, 872
25-50
1, 208, 274
50-100
805. 224
100-150..
260, 204
150-300
266, 814
300-500
116, 672
BOO-1,000
107, 671
1,000 and over
464,2
34
141, 387
Total
6, 298, 5
13, 652, 383
15, 924, 639
19, 859, 491
23, 735, 629
19, 577, 213
21, 336, 213
Net income classes
1923'
1924
1925
1926
1927
1928
Under 1
252, 513
3. 693. 642
6. 073, 444
6. 469. 195
2. 653, 026
2, 53S. 079
1, 350, 680
833, 898
280, 656
260. 584
124, 569
95, 107
152, 072
235. 452
3, 564, 474
5. 277, 147
6. 827. 924
2, 991. 188
2, 855, 397
1, 599, 848
1, 066, 784
377. 645
374, 609
171,249
158, 462
155, 974
58, 306
1, 774, 602
2, 047, 970
5. 236, 003
3, 463, 852
3, 544. 898
2. 032, 239
1, 418, 948
672. 860
655, 300
339, 774
327. 368
422, 457
67, 238
1,747.917
2, 042. 903
4, 872, 789
3, 838. 953
3, 660. 622
1, 954. 653
1, 389, 339
570,190
661,412
340, 214
317,881
494, 394
72, 231
1,645.576
2, 062. 275
4, 700, 816
3, 895. 759
3, 748, 058
2, 051, 771
1, 535, 387
636. 019
787, 270
431, 122
378, 167
600, 641
64, 535
1-2
1, 526, 832
2-3
2, 030, 901
3-fi
4, 648. 098
6-10
4. 282. 520
10-25
4, 037, 853
25-50..
2, 326, 503
60-100-
1, 857, 878
100-150
850, 451
160-300.
1, 157, 131
300-500
663, 900
600-1,000
670, 862
l.OOOandover
1, 108, 863
Total
24,777,466
25, 656, 153
21,894,676
21, 958, 506
22. 545, 091
26, 226, 327
Net income classes
1929
1930
1931
1932
1933
1934
Under 1
73, 742
1, 499, 908
1,958,595
4, 572, 596
4, 481. 576
4, 025, 233
2, 174, 468
1, 646, 476
770. 536
1,087.410
628, 229
669. 878
1, 212, 099
86, 892
1,494,526
1,864,162
4, 151. 967
3, 723, 763
2, 922, 750
1, 383, 619
919, 040
374, 171
419.016
207. 131
211,693
359, 905
106, 622
1, 399. 430
1,641,594
3, 515, 716
2, 807, 001
2, 006. 721
820, 648
628, 049
196, 598
212. 059
102. 186
102,311
166. 060
231, 140
2,145,834
2, 437. 251
» 2, 597, 915
1, 677, 039
1, 160, 398
629, 639
393, 206
119,896
118,008
52, 469
67, 874
35, 240
264, 784
2, 093, 292
2, 295. 586
2, 207, 458
1, 537, 876
1,112.086
630. 005
401,049
129, 159
139, 215
54. 670
66. 700
86, 857
211,113
1-2
2, 277, 726
2-3
2, 467. 851
3-6
2, 839, 348
6-10
1, 952, 891
10-25
1,513,592
25-50
708, 630
60-100
405, 976
100-150
117,744
150-300
140, 960
300-500
43, 832
800-1,000..
69, 464
1,000 and over
67, 776
Total
24. 800. 736
18.118.635
13. 604. 996
1
11, 665, 909
11,008,638
12, 796, 802
1 Changes in the revenue acts aflectine the comparability of statistical data from income tax returns of
Individuals are summarized on pp. 138-145. Data for returns of net income under $5,000 are estimated on
basis of sample for 1918 through 1927 and for 1929; and partly estimated and partly tabulated 1928, 1930, aad
subsequent years.
» Revised. (See Statistics of Income for 1925, pp. 28-29.)
• Revised. (See Statistics of Income for 1935, Part 1, p. 34, footnote 3.)
STATISTICS OF INCOME
Individual returns, 1916-S6, by net income classes: net income '
[Net income classes and money figures in tiionsands of dollars]
37
-Continued
Net income classes
1935
1936
Under 1
198. 900
2, 534, 828
2. 831, 583
3. 249. 107
2, 283. 402
1,822,271
882, 309
535, 772
166. 379
179, 911
77, 907
73.811
73, 630
187, 113
1-2
3.011,409
2-3
3. 325. 252
3-5
3, 821, 708
5-10 -
2, 977, 790
10-25
2, 628. 692
25 50
1, 400, 493
50-100
913.518
100-150
311,279
150-300
307, 930
300-500 -
124,523
600-1,000
122, 762
1,000 and over --
107, 641
Total
14,909,812
19,240,110
> See footnote on p. 36.
Individual returns, 1916-86, by net income classes: tax *
[Net income classes and money figures in tliousands of dollars]
Net income classes
1916
1917
1918
1919
1920
1921
1922
Under 1
174
29, 161
20, 712
42, 744
68. 871
126, 886
112.910
115.712
62, 330
61,496
31, 860
26, 112
31, 420
247
1-2.
16.244
9,097
18, 283
44, 066
80, 695
76. 593
85, 028
55. 766
86, 718
50, 228
59. 349
109, 425
26, 482
35,415
82. 929
93. 058
142. 449
130. 241
147, 429
95. 680
136. 156
79. 165
69. 834
88,885
24, 696
28,258
75. 915
91. 538
164, 833
154,946
186, 358
118,705
163. 095
86. 031
76, 228
99, 027
36. 860
45. 608
83. 496
97,886
172, 259
154. 265
163, 718
86, 588
92, 604
47, 043
46, 641
49,185
27.081
2-3
20, 730
3-5.
776
6,301
11, 6.37
11, 603
16, 299
12. 423
24. 007
17, 951
20. 902
51,487
47, 533
6-10
70, 388
10-25
123. 578
25-50
125, 697
60-100
144, 093
100-150
71,337
150-300
98. 810
300-500
43, 488
500-1,000
38, 559
1,000 and over.
49, 618
Total
173, 387
691, 493
1, 127, 722
1, 269, 630
1, 075, 054
719, 387
861, 057
Net income classes
1923 >
1924
1925
1926
1927
1928
1929
Under 1
317
18. 253
16,606
46, 048
64, 075
103, 109
103, 601
108, 879
55, 719
62, 104
31. 669
25. 498
35, 788
146
10. 432
10. 207
26. 865
28. 828
78, 069
109, 360
136. 636
76. 678
92. 481
45.771
42. 585
47, 207
69
1,704
3,809
8,326
19, 149
74, 172
120, 689
147, 843
79. 472
103, 059
55. 722
53. 674
66, 867
56
1,761
4,217
7.245
20. 272
72. 465
112, 797
140, 947
77, 900
103, 997
55. 256
63. 665
81, 893
40
1,234
3,970
6,508
20, 665
74, 226
119,475
156, 675
87, 39S
123, 776
73, 750
64, 265
98. 657
60
1,550
4,317
7,475
22. 896
82, 758
136. 568
194, 447
116.855
182. 514
113.250
116,424
185, 140
17
1-2
653
2-3
1,404
3-5
2,413
6-10
9,551
10-25
69, 893
25-50
113,904
50-100_
160, 814
100-150
99, 560
160-300..
159, 221
300-500.
97. 336
600-1,000.
106. 219
1,000 and over
191, 054
Total
661, 666
704, 265
734, 655
732, 471
830, 639
1, 164, 254
1,001,938
For footnotes, see p. 38.
38
STATISTICS OF INCOME
Individual returns, 1916-36, by net income classes: lax ' — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
1930
1931
1932
1933
1934
1935
1936
Under 1
37
1,269
3,310
5,352
17, 448
49, 561
72, 708
87, 379
48, 749
62,463
33, 053
34, 289
61,098
24
943
2,466
3,832
12, 407
31,897
40, 096
44, 780
23, 135
28, 793
15,411
15, 457
26, 886
103
12, 254
9,822
20, 895
35, 615
50, 150
43, 546
47, 150
24, 469
31,912
18, 554
19, 016
16, 476
97
10, 345
7,710
18, 397
35, 077
54, 977
52. 355
57, 491
30, 369
40, 412
17,910
21, 221
27, 759
111
8,659
7,567
18, 349
43, 086
83, 960
84,907
84, 792
38, 166
57, 995
20,854
30, 745
32, 211
125
10,058
9,311
20, 738
48, 728
103, 754
106, 670
112,816
54, 132
74, 039
37, 245
38, 323
41, 499
331
1-2
14,010
2-3
13,988
3-5
32, 232
5-10
79, 369
10-25
175, 613
25-50
191, 339
50-100
216, 045
100-150 -
116, 156
150-300
147, 381
300-500 -
71, 470
500-1,000.-
78,945
1,000 and over
77, 138
Total
476, 715
246, 127
329, 962
374, 120
511,400
657, 439
1, 214, 017
• Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
Individuals are summarized on pp. 138-145. Data for returns of net income under $5,000 are estimated on
basis of sample for 1918 through 1927 and for 1929; and partly estimated and partly tabulated for 1928, 1930,
and subsequent years.
« Revised. (See Statistics of Income for 1925, pp. 28-29.)
Individual returns, 1916-36, hy net income classes: effective tax rate (percent)
Net income cla
>ses
liars)
1916
1917
1918
1919
1920
1921
1922
1923
1924
(Thousands of do
Percent
Under 1
0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
51.94
58.70
63.59
0.10
.75
.40
1.06
2.66
5.48
10.40
17.89
27.42
37.03
37.27
35.81
35.02
0.13
.49
.27
.71
2.04
4.06
7.67
13.06
19.85
23.83
25.42
26.81
23.53
0.06
1-2.
0.66
.44
.86
2.41
4.78
7.34
10.04
13.92
18.27
23.93
27.63
35.65
1.19
.98
2.35
4.34
8.20
13.32
21.69
33.68
44.64
54.77
58.65
64.65
0.87
.74
1.68
3.10
6.83
12.13
20.79
33.12
43.94
54.08
59.42
64.87
0.91
.74
1.66
3.19
6.76
11.80
20.20
32.61
43.04
52.67
57.08
63.81
.29
2-3
.19
3-5
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09
.39
5-10
.96
10-25.
2.73
25-50.
6.84
60-100
12 81
100-150
20.04
150-300
24.69
300-500
26 73
600-1,000
26 87
1,000 and over. -- - --
30.27
All returns
2.75
5.06
7.08
6.39
4.53
3.67
4.04
2.67
2.74
Net income classes
(Thousands of
dollars)
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
Percent
Under 1
0.12
.10
.19
.16
.55
2.09
5.94
10.42
13.87
15.73
16.40
16.39
15.83
3.35
0.08
.10
.21
.15
.52
1.98
5.77
10.14
13.66
15.72
16.24
16.88
16.56
3.33
0.06
.07
.19
.14
.53
1.98
5.82
10.20
13.74
15.72
17.11
16.99
16.42
0.09
.10
.21
.16
.53
2.05
5.87
10.47
13.74
15.77
17.06
17.35
16.70
0.02
.04
.07
.05
.21
1.49
5.24
9.77
12.92
14.64
15.49
15.86
15.76
0.04
.08
.18
.13
.47
1.70
5.25
9.51
13.03
14.91
15.96
16.20
16.98
0.02
.07
.15
.11
.44
1.59
4.89
8.48
11.77
13.58
15.08
15.11
16.19
0.04
.57
.40
.80
2.12
4.32
6.92
11.99
20.41
27.04
35.36
32.86
46.75
0.04
.49
.34
.83
2.28
4.94
8.31
14.34
23.51
29.03
32.82
37.43
31.96
0 05
1-2
38
2-3
31
3-5
65
6-10.
2 21
10-25
5 55
25-50
11 98
50-100
20 89
100-150
32 41
150-300
41 14
300-500
47 58
600-1,000
51 70
1,000 and over
55.75
All returns...
3.68
4.62
4.04
2.63
1.81
2.83
3.40
4.00
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
Individuals are summarized on pp. 138-145. Data for returns of net income under $5,000 are estimated, based
on sample for years 1918 through 1927 and for 1929; and partly estimated and partly tabulated for 1928, 1930,
and subsequent years.
STATISTICS OF INCOME 39
Individual returns, 1916-36, by net income classes: effective tax rate (percent)^ — Con.
Net income classes
(thousands of dollars)
1935
1936
Percent
Under 1
0.06
.40
.33
.64
2.13
5.69
12.09
21.06
32.54
41.15
47.81
51.92
56.36
0.18
1-2
.47
2-3
.42
3-5
.84
5-10
2.67
10-25
6.68
25-50
13.66
50-100
23.65
100-150
37.32
150-300
47.86
300-500...
57.40
500-1,000
64.31
1,000 and over
71.66
All returns
4.41
6.31
1 See footnote on p. 38.
Individual returns, 1916-36: sources of income and deductions, and net income *
[Thousands of dollars]
Distribution
1916
1917 >
1918
1919
1920
1921
Income:
Salaries, wages, commis-
sions, fees, etc.2.
1, 851, 277
2, 637, 475
(■)
(')
(')
643, 803
2, 136, 469
379, 795
(15)
701, 084
3, 648. 438
2, 865, 413
775, 087
318, 171
(»)
684, 343
2, 848, 842
(12)
(12)
936, 715
8, 267, 392
3, 124, 355
1, 214, 914
291, 186
(»)
975. 680
2, 468, 749
(13)
(12)
1, 403, 486
10, 755, 693
3, 877, 550
1, 831, 430
999, 364
(')
1, 019, 094
2, 453, 775
(13)
63. 377
1, 437, 402
< 15, 322, 873
« 3, 215, 555
« 1, 706, 229
1, 020, 543
(»)
1, 047, 424
2. 735, 846
(13)
61, 550
* 1, 580, 250
13, 813, 169
2, 366, 319
1, 341, 186
Profit from sale of real es-
tate, stocks, bonds, etc.,
other than taxed as cap-
ital net gain from sale of
assets held more than 2
years . . . .. -
462, 859
Capital net gain from sale
of assets held more than
2 years '
(»)
Rents and royalties
Dividends received '"
Income from fiduciaries "..
Taxable interest on parti-
ally tax-exempt Govern-
ment obligations '*
Interest and other income ".
1, 177, 958
2, 476, 952
(13)
46, 994
1, 643, 344
Total income ..
8, 349, 902
12, 077, 009
17, 745, 761
22, 437, 686
26, 690, 270
23, 328, 782
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of assets
held more than 2 years...
Net loss from business
Net loss from partnership..
Interest paid
('■)
} (>')
} C^)
('■)
2, 051, 324
(")
(")
(")
245, 080
640, 683
(>0
(■')
('■)
en
1, 821, 122
(")
CO
(")
(>■)
2, 578, 194
CO
CO
CO
387, 290
2, 567, 351
CO
CO
CO
Taxes paid.
CO
Other deductions
3, 751, 569
Total deductions.
2, 051, 324
885, 763
1, 821, 122
2, 578, 194
2, 954, 641
3, 751, 569
Net income
6, 298, 578
11,191,246
15, 924, 639
19,859,491
23, 735, 629
19, 577, 213
For footnotes, see p. 44.
40
STATISTICS OF INCOME
Individual returns, 1916-36: sources of income and deductions, and net income ' — Con.
[Thousands of dollars]
Distribution
1922
1923 18
1924
1925
1926
1927
Income:
Salaries, wages, commis-
sions, fees, etc.'.
13, 693, 993
2, 839, 771
1, 427, 127
742, 104
249, 248
1, 224, 929
2, 664, 219
257,928
33, 989
} 1,738,601
14, 195, 356
4, 722, 766
1, 676, 409
863, 107
305, 394
1,814,126
3,119,829
329, 124
43, 711
2, 177, 771
13, 617, 663
4, 75.5, 483
1, 810, 014
1, 124, 566
389. 148
2, 009. 716
3, 250, 914
310. 144
29, 645
2, 281, 703
9, 742, 160
3, 688, 804
1, 827, 025
1,991,659
940, 569
1, 471, 332
3, 464, 625
305, 806
25, 651
1, 814, 402
9, 994, 315
3, 572, 895
1, 732, 581
1, 465, 625
912, 917
1, 4.50, 760
4,011,590
333, 365
36, 782
1, 936, 604
10, 218, 450
Business '
3, 287, 421
Partnership '
1, 755, 145
Profit from sale of real es-
tate, stocks, bonds, etc.,
other than taxed as cap-
ital net f;ain from sale of
assets held more than 2
1, 8n 396
Capital net f;ain from sale
of assets held more than
2 years '
1, 081, 186
Rents and royalties
Dividends received '"
Income from fiduciaries "..
Taxable interest on parti-
ally tax-exempt Govern-
ment obligations '<
Other taxable interest
Other income "
1. 302, 276
4, 254, 829
421, 481
47, 479
f 1, 675, 916
\ 350, 981
Total income
24, 871, 908
29, 247, 593
29. 578, 997
25, 272, 035
25. 447, 436
26. 208, 561
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of assets
held more than 2 years.. .
Net loss from business
Net loss from partnership..
Interest paid
C)
} CO
} CO
425, 218
3, 110, 478
CO
CO
CO
534, 797
3, 935, 330
CO
CO
CO
533. 168
3, 389, 675
CO
CO
CO
441, 590
2, 935, 868
178, 216
CO
CO
484, 205
2, 826, 509
227. 879
CO
Taxes paid
CO
507, 705
2, 927, 886
Total deductions
3, 535, 696
4, 470, 127
3, 922. 843
3. 377, 458
3. 488, 930
3. 663, 470
Net income
21,336,213
24, 777, 466
25, 656, 153
21, 894, 576
21, 958, 506
22, 545, 091
Distribution
1928
1929 20
1930
1931
1932
1933
Income:
Salaries, wages, commis-
10, 862, 331
3, 243, 955
1, 929, 520
2, 928, 142
1, 879, 780
1, 164, 518
4, 3.50, 979
443, 998
40, 553
1, 841, 818
302, 040
11,173,068
3, 327, 989
1, 846, 431
2, 335, 898
2, 346, 704
1, 278, 757
4, 783, 240
508, 221
40, 184
1, 908, 030
296, 235
9, 921, 952
2, 628, 057
1, 089, 646
636, 738
556, 392
974, 325
4, 197, 304
429, 459
38, 134
1, 608, 434
332,004
8, 325, 162
1, 889, 759
729, 523
301, 664
169, 949
770, 764
3,113,861
369, 140
25, 325
1, 337, 606
235, 696
8, 136, 717
1, 294, 952
482, 863
112,814
50, 074
529, 989
1,972,133
310, 949
29, 188
1, 141, 799
330, 602
7, 390, 356
1, 402, 923
603 725
Partnership «
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from sale
of assets held more than
419, 591
133 616
Capital net gain from sale
of assets held more than
2 years '
Rents and royalties
Dividends received 'i
Income from fiduciaries »..
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations '*
Other taxable interest
Other income "
447, 883
1, 559, 046
276, 067
31, 689
961, 732
167, 197
Total income...
28, 987, 634
29, 844, 758
22, 412, 446
17, 268, 451
14, 392, 080
13,393,825
For footnotes, see p. 44.
STATISTICS OF INCOME
41
Individual returns, 1916-36: sources of income and deductions, and net income ' — Con.
[Thousands of dollars]
Distribution
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of assets
held more than 2 years.. -
Net loss from business '
Net loss from partnership «.
Interest paid "
Taxes paid "
Contributions
Other deductions
Total deductions
Net income
1928
171, 743
(")
(")
532, 886
3, 056, 679
3, 761, 308
25, 226, 327
994. 665
(")
(")
527, 093
3, 522, 265
5, 044, 023
24, 800. 736
1930
1, 232, 776
172, 538
424, 771
2, 463, 726
4,293,811
18,118,635
1, 160, 765
134, 685
(")
328, 300
2, 039, 705
3, 663, 455
13, 604, 996
1932
375, 445
112, 659
CO
304, 009
i« 1, 944, 057
•9 2, 736, 171
>» 11,655,909
1933
365, 782
61, 985
30, 435
507, 520
506, 258
252, 251
660, 956
2, 385, 187
11,008,638
Distribution
1934
1935
1936
Income:
Salaries, wages, commissions, fees, etc
Business profit '
Partnership profit «
Net capital gain 21
Rents and royalties
Dividends received '"
Income from fiduciaries i'.
Taxable interest on partially tax-exempt Government obliga'
tions '<- -
Other taxable interest
Other income i'
Total income
Deductions:
Business loss '
Partnership loss '..
Net capital loss "
Interest paid 22
Taxes paid "
Contributions
Other deductions
Total deductions
Net income .-
8, 600, 455
1, 716, 842
631, 915
211,319
509, 844
1, 965, 670
288, 730
38, 044
909, 231
220, 910
9, 900, 578
1,855,019
739, 822
509, 714
572, 060
2, 234, 727
328, 978
4.3, 820
900, 501
231, 286
11, 661, 274
2, 374, 258
1, 022, 288
973, 796
685, 063
3, 173, 844
826, 184
43, 627
887, 684
240, 357
15, 092, 960
17, 316, 505
21, 888, 373
63, 885
29, 004
183, 762
517,217
541, 191
272, 822
688, 277
67, 453
23, 876
145, 728
503, 730
596, 559
305, 155
764, 191
79,520
21, 307
129, 704
544, 869
698, 609
385, 838
788, 416
2, 296, 1.58
2, 406, 693
2, 648, 2'>3
12, 796, 802
14,909,812
19, 240, 110
Individual returns with net income of $5,000 and over, 1916-36: sources of income
and deductions and net income ^
[Money figures in thousands of dollars]
Distribution
1916
1917
1918
1919
1920
1921
Number of returns
33 272, 252
432, 662
478, 962
657, 659
681, 562
525, 606
Income:
Salaries, wages, commis-
sions, fees, etc'
1, 398, 329
2, 386, 906
(')
K-)
516, 742
2, 098, 428
365, 326
(1.)
627, 943
1, 794, 790
1,062,772
581. 708
217,929
(»)
340, 868
2, 648, 155
(12)
(12)
822, 480
2,103,819
1, 148, 297
913, 853
187,406
(»)
386, 474
2, 133, 209
(13)
(12)
799, 186
2,948,006
1, 743, 800
1, 426, 072
677, 284
(•)
445, 701
2, 128, 291
(13)
62, 571
876, 687
3,367,516
1, 398, 069
1,261,899
623, 993
451,878
2,363,880
(13)
60, 432
847, 894
2, 831, 520
816, 040
903, 571
264,456
Business *
Partnership »..
Profit from sale of real
estate, stocks, bonds,
etc., other than taVed as
capital net gain from sale
of assets held more than
2 years
Capital net gain from sale
of assets held more than
2 vears '
Rents and royalties
Dividends received '»
Income from fiduciaries "..
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations i<
Interest and other income "
420, 932
1, 915, 138
(13)
40, 281
732, 697
Total income
7,393,672
7, 468, 702
7, 672, 243
10.308,411
10, 375, 561
7, 914, 635
FoF footnotes, see p. 44.
42
STATISTICS OF INCOME
Individual returns with net income of $5,000 and over, 1916-36: sources of income
and deductions and net income ^ — Continued
[Money figures in thousands of dollars]
Distribution
1916
1917
1918
1919
1920
1921
Deductions:
Net loss from sale of real
estate, stocks, bonds, etc.,
other than reported for
tax credit on capital net
loss from sale of assets
held more than 2 years...
Net loss from business
Net loss from paitnership..
Interest paid
(17)
(")
CO
(17)
(")
(")
1, 719, 764
(")
(")
(")
(")
(")
186, 907
271,391
(")
(")
(")
(")
(")
1,142,003
(")
CO
CO
CO
CO
CO
1, 598, 583
CO
CO
CO
CO
CO
(24)
1,914,150
CO
CO
CO
CO
Taxes paid
CO
Contributions
CO
Other deductions
1, 552, 857
Total deductions
1, 719, 764
458, 297
1, 142, 003
1, 598, 583
1, 914, 150
1,552,857
Net income
5,673,909
7,010,404
6, 530, 241
8, 709, 828
8,461,412
6, 361. 778
Distribution
1922
1923 "
1924
1925
1926
1927
594, 211
625, 897
697, 138
830, 670
894, 868
913, 597
Income:
Salaries, wages, commis-
2, 933, 454
1, 012, 440
918, 183
490, 794
249, 248
482, 189
2, 173, 499
197, 189
30, 962
1 850, 935
3,114,006
1, 057, 731
921, 851
458, 184
305, 394
497, 624
2, 435, 137
233, 982
30, 465
864, 514
3,490,916
1, 290. 722
1,112,710
770, 026
389, 148
570, 427
2,617,871
206, 972
29, 645
932,324
4,033.811
1,623,638
1, 422, 799
1, 723, 438
940, 569
679, 569
3, 045, 368
248, 163
25, 651
1, 084, 120
4, 363, 395
1, 738, 523
1, 329, 786
1, 224, 278
912,918
689, 981
3, 581, 362
273, 252
36, 782
1, 217, 681
4, 524, 276
1, 704, 175
1, 354, 422
Profit from sale of real es-
tate, stocks, bonds, etc.,
other than taxed as capi-
tal net gain from sale of
assets held more than 2
1,511,859
Capital net gain from sale
of assets held more than
1, 081, 186
Rents and royalties
Dividends received i"
Income from fiduciaries "-.
Ta.xable interest on par-
tially tax-exempt Gov-
ernment obligations •<
Other taxable interest
Otiier income " . .
644, 302
3, 761, 910
329, 351
47, 479
f 1,115,925
\ 185, 099
9, 338, 893
9, 918, 886
11,410,761
14, 827, 127
15. 367, 957
16, 259, 984
Deductions:
Net loss from sale of real es-
tate, stocks, bonds, etc.,
other than reported for
tax credit on capital net
loss from sale of assets
held more than 2 years, _
Net loss from business
Net loss from partnership..
Interest paid ^* . ..
} (")
} en
211,863
1, 323, 007
(>■)
(")
(")
238, 378
1, 391, 835
(■■)■
(")
('■)
254, 072
1, 405, 532
CO
CO
CO
293, 401
1, 756, 030
122, 409
CO
CO
326,511
1,691,377
136, 482
CO
440, 974
Taxes paid "
353, 188
Other deductions
1, 706, 122
Total deductions...
1, 534, 871
1, 630, 214
1, 659. 605
2, 049, 431
2, 140, 298
2, 195, 792
Net income
7, 804, 022
8, 288, 672
9, 751, 156
12, 777, 696
13, 227, 659
14, 064, 193
For footnotes, see p. 44.
STATISTICS OF IISrCOME
43
Individual returns with net income of $5,000 and over, 1916-36: sources of income
and deductions and net income ' — Continued
[Money figures in thousands of dollars]
Distribution
1928
1929
1930
1931
1932
1933
1, 010, 887
1, 032, 071
810, 431
590, 731
356, 442
331 892
Income:
Salaries, wages, commis-
sions, fees, etc.3
Business '... .
5, 008, 286
1, 772, 255
1, 683, 322
2, 700, 557
1, 879, 780
637, 371
4, 009, 915
364, 889
40, 553
1, 230, 178
196, 111
.5, 179, 041
1, 836. 329
1, 497, 922
2, 044, 058
2. 346, 704
649, 124
4, 247, 031
422, 076
40, 184
1,257,590
190, 110
4, 407, 606
1, 215, 452
786, 931
527, 653
556, 392
479, 401
3, 708, 656
338, 400
38. 134
1,018,001
130, 191
3, 320, 028
766, 730
492, 147
196, 574
169, 949
306, 336
2, 583, 674
280, 627
25, 325
749, 345
120, 845
2, 057, 254
354, 488
284, 624
71, 643
50, 074
160, 244
1, 540, 625
217, 610
29,188
536, 541
67, 353
1, 838, 646
393 815
Partnerships
Profit from sale of real es-
tate, stocks, bonds, etc.,
other than taxed as capi-
tal net gain from sale of
assets held more than 2
years
Capital net gain from sale
of assets held more than
2 years ' .
401, 931
308, 711
133 616
Rents and royalties
Dividends received '"
Income from fiduciaries "__
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations '*
Other taxable interest
Other income '«
124, 144
1, 199, 867
182, 735
31, 689
422, 731
69, 656
Total income
19, 423, 216
19, 710, 168
13, 206, 817
9,011,581
5, 369, 646
5, 107, 539
Deductions:
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of assets
held more than 2 years...
Net loss from business *
Net loss from partnership •.
Interest paid 22
129, 865
} CO
866, 058
475. 422
390, 923
1,946,467
632, 693
(")
886, 187
479, 100
384, 4.58
1, 997, 123
947, 121
105, 219
574, 630
407, 996
286, 218
1, 347, 170
813, 503
72, 125
373, 603
294, 165
202, 979
981, 341
174, 627
46, 972
250, 844
230. 543
139, 846
764, 432
152. 959
f 26, 792
I 15, 597
208,311
Ta.xes paid "
200, 078
Contributions
111,219
Other deductions
245, 065
Total deductions
2, 467, 255
3.014.274
2, 685, 728
2, 069, 948
1, 125, 878
960. 022
Net income...
16. 955. 961
16. 695. 895
10, 521. 088
6,941.633
4, 243, 768
4, 147, 517
Distribution
1934
1935
1936
Number of returns.
422, 647
500,115
677.011
Income:
Salaries, wages, commissions, fees, etc. 3 ... -
2, 300, 256
568, 689
438, 066
160, 218
165, 786
1, 585, 042
203, 854
38. 044
453, 480
99, 226
2, 708, 879
687, 467
531,620
399, 918
198, 210
1,814,184
232, 324
43, 820
448. 022
123, 234
3, 493, 623
Business profit 5 _
1, 021. 608
Partnership profit 5
791,010
Net capital gain 21
806, 916
Rents and royalties..
271, 556
Dividends received '"
2. 583, 888
Income from fiduciaries "
691, 024
Taxable interest on partially tax-exempt Government obliga-
tions »
43, 627
Other taxable interest
445, 355
Other income '6
108, 784
Total income
6, 012, 662
7, 187, 678
10. 257, 390
Deductions:
Business loss 5
29, 753
15. 178
90. 96S
231. 267
232. 490
129. 650
282, 591
33,713
13.113
68. 981
240, 731
267, 571
148, 180
319, 993
45, 125
Partnership loss ' .
12, 551
Net capital loss 21
62, 828
Interest paid 22
285, 260
Taxes paid 22
353, 986
Contributions . . . .
202, 147
Other deductions.
400, 864
Total deductions . ...
1,011,898
1, 092, 283
1, 362. 762
Net income .
5, 000, 764
6, 095, 394
8, 894, 628
For footnotes, see p. 44
83167—38 4
44
STATISTICS OF INCOME
' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 138-145. The income items for 1916 are "Gross income," the deductions
not having been allocated to the various sources but included in aggregate under "Deductions." Beginning
1917, the income items are "net income," the deductions allocable to the various sources of income being
applied against the gross income from the specific sources as reported on the schedules in the income tax re-
turns. When net losses are shown on the schedules such net losses are transferred in tabulation to "Deduc-
tions," which also include the other unallocated items shown on the return under "Deductions." Data for
returns of ne? income under $5,000 are estimated on basis of sample for years 1918 through 1927 and for 1929;
and partly estimated and partly tabulated 1928, 1930, and subsequent years.
2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,000.
3 Excludes beginning 1924 wages and salaries of the individual, his wife, or dependent minors derived from
the business conducted by the individual. Prior to 1924 such wages and salaries were reported as income
under "Wages and salaries." Prior to 1927 includes taxpayer's earned income from a partnership. Includes
"Professions .ind vocations" in 1916.
* Revised. (See Statistics of Income for 1935, Part 1, p. 42, note 4.)
« Includes partnership income and profit from sale of all stocks, bonds, etc. for 1916. See also note 3.
6 Certain income from partnerships is included in other sources (see notes 8, 10, and 14). Beginning 1936,
amount includes all dividends received by partnerships. Prior to 1936, dividends received by partnerships
on stock of domestic corporations subject to taxation under Title I of the effective revenue laws were tabulated
under "dividends received," while dividends on stock of foreign corporations (other than those deriving more
than half their gross income from sources in the United States) and, except for 1932 and 1933, dividends on
stock of domestic corporations not subject to taxation under Title I of the effective revenue laws, were left
in income from partnerships. Beginning 1934, amount includes net capital gain or loss from sale of capital
assets by partnerships (see note 21). For 1918 through 1921, amoimt includes income from fiduciaries, and
income from personal service corporations as defined in the Revenue Acts of 1918 and 1921 (except certain
amounts included in other sources, see notes 10 and 14). The amount for partnerships for 1916 was tabulated
with business.
' AU profit from sale of real estate, stocks, bonds, etc., and income from partnership included in business
for 1916.
8 Capital net gain received by individuals direct or through partnerships or fiduciaries was taxed at special
rate, 1922 to 1933. inclusive. See notes 7, 9, and 21.
9 Included in "Profit from sale of real estate, etc."
10 For 1936, amount includes dividends on stock of both domestic and foreign corporations, excepting divi-
dends received by partnerships and fiduciaries. Prior to 1936, amount includes dividends on stock of
domestic corporations subject to taxation under Title I of the effective revenue laws, and until 1934, the divi-
dends received on stock of foreign corporations deriving more than half their gross income from sources
within the United States, whether or not received direct or by partnership and fiduciaries; also dividends
received through personal service corporations, 1918 through 1921; and stock dividends, 1916 through 1919.
u Certain income from fiduciaries is included in other sources (see notes 8, 10 and 14). Beginning 1936,
amount includes all dividends received by fiduciaries. Prior to 1936, dividends received by fiduciaries on
stock of domestic corporations subject to taxation under Title I of the effective revenue laws were tabulated
under "dividends received," while dividends on stock of foreign corporations (other than those deriving
more than half their gross income from sources in the United States) and, except for 1932 and 3933. dividends
on stock of domestic corporations not subject to taxation under Title I oj the effective revenue laws, were
left in income from fiduciaries. Beginning 1934, amount includes net capital gain or loss from sale of capital
assets for estate or trust (see note 21). For 1917, income from fiduciaries is included in "interest and other
income"; for 1918 through 1921, in "partnerships."
12 Included in "Interest and other income."
13 Included in "Partnership."
i< Includes interest on such obligations held by individuals, or such interest received through partnerships
and fiduciaries; also such interest through personal service corporations, 1919 to 1921, inclusive. In 1917 and
1918 amount included in "Interest and other income."
i» Such obligations were issued after September 1, 1917.
18 Beginning 1936, amount excludes dividends received on stock of domestic corporations not subject to
taxation under Title I of the effective revenue law and on stock of foreign corporations. For years prior to
1936, amount includes dividends received from these two types of corporations, except in so far as included
in partnership and fiduciary income, and until 1934, except in so far as received from foreign corporations
deriving more than half their gross income from sources within the United States. See notes 6, 10 and 11.
1' Included in "Other deductions."
18 RevLsed. (See Statistics of Income for 1925, pp. 28-29.)
19 Revised. (See Statistics of Income for 1935, Part 1, p. 42, note 19.)
2" Revised figures for returns with net income under $5,000. (See Statistics of Income for 1934, Part 1, p. 31,
footnote 18.)
21 Net capital gain or loss on sale of capital assets (regardless of time held) by individuals, after certain
limitations are applied (see sec. 117, Revenue Acts of 1934 and 1936). Excludes net capital gain or loss on sale
of capital assets by partnerships or fiduciaries, which amounts beginning 1934, are included with other
income (or loss) from partnerships or other income from fiduciary (see notes 5 and 10).
'2 Excludes amounts reported in schedules A and B as business deductions.
2' Exclusive of returns of married women making separate returns from husbands.
2< Contributions for 1920 not available for returns with net income of $5,000 and over.
STATISTICS OF INCOME 45
ESTATE TAX RETURNS
The estate tax is imposed upon the transfer of the net estate in its
entirety and not upon any particular legacy, devise, or distributive
share. The relationship of the beneficiary to the decedent has no
bearing upon the tax liability.
Estate tax returns were filed during the calendar year 1937 under
the provisions of the Revenue Act of 1924 or prior Acts, the Revenue
Act of 1926, and the combined provisions of the Revenue Acts of
1926 and 1932, 1926 and 1934,_ and 1926 and 1935. A synopsis of
estate tax rates, specific exemption, and credits against tax under the
Revenue Acts of 1916 to 1935, inclusive, is presented on pages 146-147.
An estate tax return is required under these Revenue Acts in the
case of every citizen, regardless of place of residence, or resident
(only in case of every resident if the decedent died prior to May 11,
1934, the effective date of the Revenue Act of 1934), whose gross
estate, as defined in the statutes, exceeds the specific exemption
allowed. The specific exemption is $50,000 under the Revenue Act of
1924 and prior Acts, $100,000 under the Revenue Act of 1926, $50,000
for the purpose of the additional estate tax under the Revenue Acts
of 1932 and 1934, and $40,000 for the purpose of the additional estate
tax under the Revenue Act of 1935. A return is required in the case
of every nonresident alien (or every nonresident citizen and alien if
the decedent died prior to May 11, 1934, the effective date of the
Revenue Act of 1934) any part of whose estate, regardless of value,
was situated at date of death in the United States, witliin the meaning
of the statute.
Prior to the effective date of the Revenue Act of 1935 (August 31,
1935) returns were required to be filed within 1 year after date of
death, while under the Revenue Act of 1935 returns are required to be
filed within 15 months after date of death. Under certain conditions
further extensions of time are granted for filing. In determining the
value of the gross estate under the 1935 Act the executor may elect
either the date of the decedent's death or the date one year after the
decedent's death, or in the case of property distributed, sold,
exchanged, or otherwise disposed of during the year following death,
as of the date of the distribution, sale, exchange, or other disposition.
Under former Revenue Acts the value of the gross estate was deter-
mined as of the date of death.
The gross estate as defined by law includes certain transfers, such
as those made in contemplation of death or intended to take effect at
or after death. The net estate is the amount of the gross estate less (1)
the sum of the authorized deductions, and (2) the specific exemption
allowed in the case of citizen or resident decedents (prior to the enact-
ment of the Revenue Act of 1934, exemption allowed for resident
decedents only).
Returns for estates of decedents who died prior to 10:25 a. m.
February 26, 1926, are filed under Revenue Acts passed prior to that
date and returns for estates of decedents who died during the period
10:25 a. m., February 26, 1926, through 4:59 p. m. June 6, 1932, are
filed under the Revenue Act of 1926. Estates of decedents who died
subsequent to the effective date of the Revenue Act of 1932 (5 p. m.
June 6, 1932) are subject to two estate taxes, the tax levied under the
provisions of the Revenue Act of 1926 and an additional estate tax
46 STATISTICS OF INCOME
imposed by the Revenue Act of 1932, or by that Act as amended by
the Revenue Acts of 1934 and 1935. The tax under the Revenue Act
of 1926 applies to net estates after deduction of a specific exemption
of $100,000 and tax credits are allowed for estate, inheritance, legacy,
or succession taxes paid to any State, Territory, or the District of
Columbia not to exceed 80 percent of the Federal estate tax, and for
gift taxes paid to the Federal Government. The additional estate
tax applies to net estates after deduction of a specific exemption of
$50,000 under the 1932 and 1934 Revenue Acts, and $40,000 under
the 1935 Act and is equal to the excess of (1) the amount of a tentative
tax computed at the rates specified in the Act which is in effect, over
(2) the amount of the tax computed at rates in the Revenue Act of
1926 before deduction of the tax credits provided. The rates of the
tentative tax under the Revenue Act of 1932 were graduated from 1
percent upon net estates not in excess of $10,000 to 45 percent upon
the amount in excess of $10,000,000. Under the Revenue Acts of
1934 and 1935 the rates of the tentative tax were increased, reaching
a maximum rate under the 1935 Act of 70 percent on the amount of
net estate in excess of $50,000,000.
The Revenue Act of 1924 allows a tax credit not to exceed 25 percent
of the Federal estate tax (after deduction of any credit for gift tax
imposed by the Revenue Act of 1924) for estate, inheritance, legacy,
or succession taxes paid to any State, Territory, or the District of
Columbia, in respect of any property included in the gross estate.
Prior to the Revenue Act of 1924 this tax credit was not allowed.
Under the Revenue Act of 1926, this tax credit is increased to an
amount not to exceed 80 percent of the Federal estate tax. No
credit for estate, inheritance, legacy, or succession taxes is allowable
against the additional estate tax imposed by the Revenue Act of 1932,
or by that Act as amended. Credit for gift tax imposed by the provi-
sions of the Revenue Act of 1924 is allowable against estate tax payable
under the Revenue Act of 1924 or the Revenue Act of 1926 with
respect to so much of the property wliich constituted a gift as is
included in the decedent's gross estate. For decedents who died
subsequent to the effective date of the Revenue Act of 1932, a tax
credit for gift taxes paid to the Federal Government is allowed both
against the tax computed under the Revenue Act of 1926 and against
the additional tax computed under the Revenue Act of 1932, 1934,
or 1935.
The tables are based on the returns as filed and prior to any adjust-
ments that may be determined upon investigation and audit. The
tax liability reported does not correspond with the actual receipts of
taxes during the period for the reason that payments may be made
at a later date than the fihng of the return, and for the reason that
field investigation and office audit may disclose deficiency taxes or
excess payments which are not reflected in these tables.
Data included in these tables are compiled from returns filed during
the calendar year 1937, irrespective of the date of death of the dece-
dent, under Revenue Acts passed prior to 1926, the Revenue Act of
1926 only, and the combined provisions of the Revenue Acts of 1926
and 1932, 1926 and 1934, or 1926 and 1935. In order to maintain
comparability with the method of tabulation for preceding years,
the data for taxable returns of decedents who died after the effective
date of the Revenue Act of 1926 are classified by net estate classes
STATISTICS OF INCOME 47
which correspond to the successive tax brackets specified in the Reve-
nue Act of 1926 on the basis of the net estate under the provisions of
that Act rather than the provisions of the 1932, 1934, or 1935 Acts.
The total number of estate tax returns filed dui'ing the calendar
year 1937 is 17,032, and the total tax habihty is $308,450,000 (see table,
5, pp. 72-73). The number of returns for citizens or residents is 15,037,
of which 12,010 are taxable returns and 3,027 are nontaxable returns.
The tax Habihty on the 12,010 taxable returns is $305,784,000. As
compared with returns filed during the previous year, the number of
taxable returns for citizens or residents increased by 2,873, or 31.4
percent, and the tax Habihty on such returns increased $110,483,000,
or 56.6 percent.
In table 1, which is in the nature of a summary statement, the tax-
able and nontaxable returns for citizens or residents are classified
according to the various Revenue Acts under which the returns were
filed, and the number of returns, gross estate, deductions, net estate,
and tax liability are shown for each group of returns.
The data for the taxable returns in table 1 are presented in more
detail in tables 2, 2-A, 2-B, 2-C, 3, 3-A, 3-B, and 3-C. Table 2 is a
summary of tables 2-A, 2-B, and 2-C and table 3 is a summary of
tables 3-A, 3-B, and 3-C. Tables 2-A, 2-B, and 2-C include the
items of gross estate and deductions and tables 3-A, 3-B, and 3-C
include the items of net estate and tax liability. The taxable returns
for resident decedents who died prior to May 11, 1934, are presented
in tables 2-A and 3-A, the taxable returns for citizen or resident
decedents who died during the period May 11, 1934, through August
30, 1935, are presented in tables 2-B and 3-B, and the taxable returns
for citizen or resident decedents who died on or after August 31, 1935,
are presented in tables 2-C and 3-C.
In former years, the total insurance was tabulated as an item of
gross estate and the insurance exemption (amount receivable by
beneficiaries, other than estate, not in excess of $40,000) was tabulated
as a deduction item. This year, the balance of insurance (total
insurance less insurance exemption) is tabulated as an item of gross
estate and the amounts of the total insurance and the tax-exempt in-
surance are entered as information items at the end of each table.
Consequently, in this report, the gross estate and total deductions aio
less than similar items shown in prior years by the amount of the
insurance exemption. In this report, the nomenclature of the item of
deductions, "Property from an estate taxed within 5 years: Value at
date of previous or present decendent's death, whichever is lower" is
changed to read "Property from an estate taxed within 5 years: Net
deduction."
Table 4 presents a distribution by States of the returns of citizen or
resident decedents and table 5 is a historical summary of all estate tax
returns filed.
48
STATISTICS OF INCOME
Table 1. — Taxable and nontaxable estate tax returns of resident decedents who died
11, 1934, by revenue Acts under which returns were filed: number of returns, gross
estate and tax
[Money figures tn
[Returns filed during
(1)
Total
All re-
turns
(2)
Nontax-
able re-
turns
(3)
Taxable
returns
(4)
Number of returns
Gross estate: »
Real estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt "
Partially tax-exempt '" ---
State and municipal bonds, wholly tax-exempt
All other bonds .-.
Total bonds
Capital stock in corporations --
Total bonds and stocks
Mortgages, notes, cash, etc
Insurance (20 less 21)
Miscellaneous »
Total gross estate
Deductions:
Funeral and administrative expenses
Debts, unpaid mortgages, etc.-
Charitable, public, and similar bequests
Specific exemption n
Property from an estate taxed within 5 years: Net deduction ".
Total deductions
Total insurance
Tax-exempt insurance '*
Net estate: "
To which 1924 or prior rates apply ($50,000 exemption)
To which 1926 rates apply ($100,000 exemption)
To which 1932 or 1934 rates applv ($50,000 exemption)
To which 1935 rates apply ($40,000 exemption)
Tax: i»
Under Act of 1924 or prior Acts.
Under Act of 1926 ..-
Under Act of 1932 or 1934 -
Under Act of 1935
Total tax liability on all returns filed during 1937
3,027
12, 010
445, 059
45, 995
97, 593
168, 154
195, 820
507, 562
165, 585
673, 147
396, 790
73,316
179, 427
77, 686
632
4-, 574
1,886
9,010
16, 102
52, 389
68, 491
32, 166
9,728
17, 762
367, 373
45, 363
93, 020
166, 268
186,810
491, 460
1,113,196
1, 604. 656
364, 624
63, 588
161, 665
2, 767, 739
205, 833
2,561,906
137, 760
410,966
126, 571
1, 503, 150
37,411
11, 630
232, 362
26, 710
302, 550
404
126, 130
178, 604
99, 861
1, 200, 000
37, 007
2, 215, 858
573, 656
1, 642, 203
130, 771
67, 183
380
1, 202, 775
12,911
1, 608, 532
17, 727
935
287,116
305, 784
305, 784
For footnotes, see p. 50.
STATISTICS OF INCOME
49
before May 11, 1934, and of citizen or resident decedents ' who died on or after May
estate by form of property, deductions, total insurance, tax-exempt insurance, net
thonsands of dollars]
calendar year 1937]
Returns of resident decedents
Returns of citizen or resident decedents '
Filed under Rev-
enue Acts passed
prior to 1926,
Act of 1920 only
(death before 5
p. m. June 6,
1932) '
Filed under Acts of 1926
and 1932 (death in pe-
riod 5 p. m. June 6,
1932, through May 10,
1934)3
Filed under Acts of 1926
and 1934 (death in pe-
riod May 11, 1934,
through August 30,
1935)1
Filed under Acts of 1926 and
1935 (death on or after
August 31, 1935)5
Non-
taxable
re-
turns-
returns
with no
net
estate
Tax-
able re-
turns
with
net
estate
Non-
taxable
re-
turns-
no net
estate
under
1926 or
1932
Acts
Taxable returns '
Non-
taxable
re-
turns—
no net
estate
under
1926 or
1934
Acts
Taxable returns'
Non-
taxable
re-
turns-
no net
estate
under
1926 or
1935 Acts
Taxable returns »
No net
estate
under
1926 Act,
but tax-
able
under
1932 Act
Tax-
able
under
both
1926
and
1932
Acts
No net
estate
under
1926 Act,
but tax-
able
under
1934 Act
Tax-
able
under
both
1926
and
1934
Acts
No net
estate
under
1926 Act,
but tax-
able
under
1935 Act
Taxable
under
both 1926
and 1935
Acts
1
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(3
1
23
22
82
69
15
177
118
35
2.745
7,280
4,471
1
1,365
1,272
4
42
11
173
230
659
890
597
134
564
2,834
3
24
14
131
171
1,609
1,780
932
112
341
2,469
8
168
9
319
504
1,064
1,568
1,335
231
478
864
143
1,766
497
710
3,115
2,961
6,076
643
160
431
5,559
6
169
135
379
689
2,270
2.959
1,568
680
1,095
4,389
13
179
108
678
978
2,440
3,418
1,589
468
675
1,860
63
473
100
1,010
1.647
3,924
5,571
1,946
138
899
67,928
623
4,381
1,736
8,392
15, 133
48, 078
63,211
29, 190
8,834
16, 022
144, 000
2,539
20, 656
11, 262
39, 841
74, 298
157, 959
232, 257
128, 578
14, 762
32, 689
212, 520
42, 593
69, 735
154, 280
144, 079
410, 687
944, 190
1, 354, 877
229, 936
47, 695
125. 929
2
3
108
110
432
542
477
102
305
4
6
6
7
8
9
10
11
12
2,792
3,456
5,998
6,082
8,173
11,860
10, 540
10, 413
185, 184
552.285
1, 970, 957
13
211
1,604
8
2,150
220
106
291
56
1,800
28
354
3,468
180
8,200
338
1,027
81
6,900
431
902
752
1,500
633
677
7,813
750
17, 700
556
2,018
50
11,800
7
807
1,730
9
3,500
860
10,388
219, 477
25, 772
274, 500
184
28,953
53. 099
19, 264
728, 000
267
94, 940
119,536
79. 650
447, 100
35, 312
14
15
16
17
18
4,192
2,282
12, 203
8.346
4,118
26,940
14, 431
6,906
530, 321
829, 582
776, 638
19
219
116
189
56
493
381
458
227
290
130
1,341
662
1,119
651
317
180
25, 318
16, 484
44, 353
29, 592
84. 043
36, 348
20
21
380
794
m
22
4,055
4,750
3,507
5,057
1, 194, 419
23
1,160
1,944
24
155, 167
1. 453, 366
25
6
8
?6
53
427
28
451
17, 639
27
21
36
28
6,853
6,853
280,264
297, 903
29
14
::.:.:.
21
479
36
479
30
50
STATISTICS OF INCOME
' By section 403, Revenue Act of 1934, nonresident decedents are classified as citizens and aliens, and the
former are brought under the same provisions of the law as resident decedents.
2 For decedents who died before 10:25 a. m., February 26, 1926, returns are required to be filed under the
Revenue Act of 1924 or prior Acts if the gross estate exceeded $50,000 in value at date of death. During the
calendar year 1937, 11 returns were filed under the Revenue Act of 1924 or prior Acts, of which 8 are taxable.
For decedents who died in period 10:25 a. m. February 26, 1926, through 4:59 p. m. June 6, 1932, returns are
required to be filed under the Revenue Act of 1926 if the gross estate exceeded $100,000 in value at date of
death. For statement of rates, exemptions, ajid credits contained in the provisions of these Acts, see
pp. 146-147.
3 Estates of decedents who died in period 5 p. m. June 6, 1932, through May 10, 1934, are subject to two
estate taxes, the tax levied under the provisions of the Revenue Act of 1926 and an additional estate tax
levied by the Revenue Act of 1932. Returns are required to be filed if the gross estate exceeded $50,000 in
value at date of death. For statement of rates, exemptions, and credits contained in the provisions of these
Acts, see pp. 146-147.
* Estates of decedents who died in period May 11, 1934, through August 30, 1935, are subject to two estate
taxes, the tax levied under the provisions of the Revenue Act of 1926 and an additional estate tax levied by
the Revenue Act of 1932, as amended by the Revenue Act of 1934. Returns are required to be filed if the
gross estate exceeded $50,000 in value at date of death. For statement of rates, exemptions, and credits
contained in the provisions of these Acts, see pp. 146-147.
' Estates of decedents who died on or after August 31, 1935, are subject to two estate taxes, the tax levied
under the provisions of the Revenue Act of 1926 and an additional estate tax levied by the Revenue Act of
1932, as amended by the Revenue Act of 1935. Returns are required to be filed if the gross estate exceeded
$40,000 in value at date of death. For statement of rates, exemptions, and credits contained in the pro-
visions of these Acts, see pp. 146-147.
» A tabulation of these returns by net estate classes is found in tables 2-A and 3-A, on pp. 54 and 64.
' A tabulation of these returns by net estate classes is found in tables 2-B and 3-B, on pp. 56 and 66.
' A tabulation of these returns by net estate classes is found in tables 2-C and 3-C on pp. 58 and 67.
« The following items are distributed by form of property: Jointly owned property, $71,061,143; transfers
made in contemplation of or intended to take effect at or after death, $103,036,933; general power of appoint-
ment exercised by will or by deed in contemplation of death, $25,898,097; and property from an estate taxed
within five years, .$93,214,950. For statistics from estate tax returns filed during 1927-32 "'jointly owned
property" only was distributed in this manner.
'D Securities the interest on which is wholly or partially exempt from the normal individual income tax and
surtiax of the Federal Government.
" Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds,
judgments, shares in trust funds, household goods and personal effects (including wearing apparel), farm
products and growing crops, live stock, farm machinery, automobiles, etc.
'2 Specific exemption in Act of 1924 and prior Acts is $50,000 (tabulated in columns 5 and 6 for returns of
decedents who died before 10:25 a. m., February 26, 1926). Specific exemption In Act of 1926 is $100,000
(tabulated in columns 5 through 15 for returns of decedents who died after 10:24 a. m. February 26, 1926.)
" The net deduction for property previously taxed is the amount of such property (valued at date of previ-
ous or present decedent's death, whichever is lower) less a proportionate reduction. This reduction is the
proportion of the sum of the specific exemption and total deductions, except previously taxed property, that
the amount of previously taxed property bears to gross estate.
'* Amount receivable by beneficiaries, other than estate, not in excess of $40,000.
" A more detailed tabulation of net estate is found in tables 3-A, 3-B, and 3-C on pp. 64, 66, and 67.
>» A more detailed tabulation of tax before tax credits, tax credits, and tax after tax credits is found in tables
3-A, 3-B and 3-C on pp. 64, 66, and 67.
>' Less than $500.
STATISTICS OF INCOME
51
s
e
^
I.
v^ A
<50
•^
t^
i.
<J1
toi
-ts
eo"
o
K
-«
'TS
iO
s
S
s
01
'e
"3
60
s e £ >>
BO
§
ex
a
e^
e
3
■S <30
-a
;^^<=i
h
T)
>~(
"W
►2 -
B
«
-O *-H
M
Kfi
IB
a
1 .
s
a
e
a
O'
73
o
.^^
C
s;
Si.
<S
o
S
"TS
!a
m
•S
tt
c!,
'«
1
o
c3
-f
1^
(N
s
ai
S
c3
H
«
■»
,
-w
Ui
o
iS
>.
s
"e
Ih
■«
o 5
n
<
jeqnmn [^iJeg
r-H f3 OJ >—
CO ^ *0 O t>- 00 Oi O "-I M CO -^ lO Ob- OO 05 O -—«
□ g ©
iQ ^
P -^
w
1— 'CO MOOOiCCOCJ'— lie
■^ h- "^ h- CC M t - (M r-^ Tf
00O5 t^ CO <M 00 O (N !>. »0
W--! «Tj<C'1cOOSt^»-Ht^
■^ CO r^ 00 lO CO CO oi ci cc
COO oot^coocoo^
.-<t--^C^l:^C0--(CO
1-1 C^ 00 O f-H
Tf<o f^os'— tcooococso;
TJH 04 O: O) CD C5 »0 cc fC CO
CO .-H i-H
t^-^J^iOyDiMiOC^-^
c<iio oo'?t<ociOt^r^>o
C^ 05 T^ C^I CD Oi 00 O cc O
i-H ,-H O (NC
I-" o CO h- cc o cs ».
1-1 ^ IM -^ I>- i-H
M o CO lo cc "^ <-' lO cc o >— '
lo cc <M «o I— * cc O Ol c-i Ol C^l
»-• c^oo -^ (M r^ o r^ -^ CD lo
N lO rH cc iM 05 — t CD Tt* r^
F-H T-i cc t-- l-< 1— '
i-H iro t- oc 1— I N cc O 00 cc
C^iO OCCMOOO— *u-DiO
J.-1 iOC0b-»O(MiM CsC<J
r-t l-H (M O (>J GO cc 1-H
00 ^-^ lOi-HCDiOi— iiOtMOO
f-H iO»0 (MO-^OW0i>JCC<N
C^ Ol CC CO --< CC TJ< CC t^ c^
i-H CN O OiOCO i-H
CD .-H .— .
CM O
cc Ci
i-TcD
tDI>-'*iOOs(MCOw
•-H cc t- o t^ t^ o -^
0!N-^oo:r^cot-*
eocc'o o ocTio o
1-1 CC I^ OCC <— I
05.-< C^'^t'-h-'^t'-GC**'
b- ^ to t-- ^ I
. OJ -f cc tN
t-^ 00 00 CO --< ^ lO 03 o o
T-l OS t^ -^ Tt* -rt* 00 t-- 00 t-^
o cc
CO O
iCi o
O 00 O cc cc CJ <M C
OOCCOOfX^rfOCD-
CO OO !>■ -^ 05 O '^ C
i-i-^t^COCCCC'-HCC
OO r^ t>- r^ OS I-- i>- r- ^ i-H
1-* ccc
lOb- iOCC(NCCCOCliOO
C^CO(NiOI^-0^'-'
lO (M CO CO i-H (M cc -rf cc i-H
■^Oi COOOOS'-<OC
^ rH CDCO i-<
-^ IM I-" cc O OS O t-^ '^ '^
■^ i-< r- cc »o OS OS cc CO
1-t M CO 00 »0 1-1 lO
■^ b-
00 !M
00 OS
'^ o
Oi—
CCi-H
i-H lO c^ o
cc cc f-1 CO
cs CO cc o
OI cc -^ o ■^
00 cc »occ
cc b-
r-cc
oscc
CO i-T
OS CO
»o Tj<
OS CD
CD t-T
CCCC M
cc ITD
CO 00
uC OS
o: —I
»0 CO
coo O O OS
cc CD »-H O
CO 1-1 i-< Ol
W OS CD 00 »0
osb-
-H GO
■<*rco
OC' OS GO O
OS O
GO O
»0 00
fee eciri'
1-1 00
CO o coo
O lo osc
-<t< -^ OS O
00 ^ cc I^
OS CD OS CO
lOCC
o cc
co'od
— < OO t^
OS 00 CO
CO -^ CO o
OOS »CO
jequma iBuag
11-1
I i-S 1
• ■ a "
w ' 1 O
^m'.<fi\
Ic-S 1
is and stoc
nent bond
jxempt '..
-exempt '.
unicipal
mpt
;.2o !
w 2 T -><: r- OJ
§-9§S?3
^ J>( 42 w" w
o w o eg 3
+^ © 05 p
«3.^ a
o^ c--
3«5
M <1 O
^C;S ^
Oi
o 3^.2
^ o
■o
C S m •"
S&nfiO
S^ -= s?
3 o p. >>
02 (In
o d ^
eoTtflo ;ot~cxio»0'
< -.< .-I rt .-1 1-1 c^(M
52
STATISTICS OF INCOME
«*>
s e
« ^
to
.
Tl
M
0)
wo
1
Ob
£3
1^
>~i
0
1
1
1
1
Sf
0
0
^T-S
1
O)
(N
c
T)
0
a
C
a.
oj
0
•.
-ri
to
m
1
?
S-e
S s g
=* ^ s
>> to ■—>
OS'S o
3
CO
M S
1
^H
N tCTjfus
to h- 00 » 0 rt c^
co
■^ 10 CD t^ 00
OS
0>H
Jbmuiiu [UMBy 1
c^c*
t-t
00
0 CO en -^
to >« •>}< o> OS -< C!
00
c^ 0000 1
l-H
-HO
0 0
00 t^ OS -^
C^ -^ .-H 10 CS CO iC
CM
10 CO GO 0 1
0
r--^
Q
M" -"J-NO
to -^f CO t^ CO »-H 40
CO
CO ^ rf 00 t
o-ra
©1
«- ~;:5"*
■OC>T»<"to-«." c>
•^
OstsT-^jT I
00
COOO ^ »-* CO
1^
-' a
1
3
a
gȤ
^^
i
a
0
0
J
3
.9
1
^
rH (N lf~
N ONCOOO 1—1
c^
CO ocio 0 r--
00
10
ofeo
§1°
S 'S "^
r-( w to t^ CO 1 »0
00 c^ 00 0 •-<
oa
0
0
S'
3
N 0 1 ^
lo
00 C4 OO 1 t^
Ortpfrt" 1
10
-a
0
00 gCTl
1"^
1— 1 1— 1 1
"^
a
C3
J
»
■*
T)l « to 0
r>. t^ ^^ 00 w OS 0
00
CiCO<M O-^
00
■* >o
CO — < tp lO r^ r^ ^
00
(N »0 0 0 10
CO
CM -^
OS
1H
51
i-T t-t" lo
to 0 -tji Tj< r^ OS t^
t-'oi^csf CO
0
to
0 o-^ -^-^
C4
<D
0
0
0
CJN
CO
'i*
0
<i
©
■>}< to lo>
^ OS OS t^ r>" tTj*
•*
Tt< 0 1 0 0
CO
a
a
0 feo
«>. 0 1 to
to CO CO r^ t^ 1
0 '^ 1 oco
r-
■a
a
1
ta I05
■Ot^ N CO 1
im'-* t>r 1
r-T
C4 GO ti-H »0
CO
to
>
to 3t^
a>
0)
^
-H 0 i to
T* OS -^ ■'li (M 1 00
CO CO 00 C^ >— t 1 Cfl
■0
or^ 1 0 1
00
'O
0 feo
° q 0
CO -^ i05
o-^ 1 0 1
•*
o»
§
ft
H
CO —1 1000 1
•-h'pO-* 1
CO
<N [^ '
CO
2
03
•0 g»
0
■g- M >o >o
0 OiO — 1
N >o M t^ >o t^ 00
^
ic r^io 0 i-H
00
35
s
0 feo
»-< 00 0 00 CO »o 0
OS
I^ t^ CO 0 "-t*
a
00
CO 1^ 1^ to
to J-^
10 0 iO 0 c^ c^ to
oTtDOCO -H
■*
(M 05 001
CM
»*— 1
0
0
CO-*
10
i2
-1^
g
^~~"
to
00 10 lO
CO 00 t~ 10 10 c< t~
t^
■^ 10 0 OtJ<
■*
CO.O
Ut
s-Sg
is OJ 1-H
0 0 C^ CO ■<*' CO — t
-*
0 lo 0 00
CMOS
•0
P
OS CO 1 "3
0 ^ OOO) ^OSC-J
■*
OTt<TrO-(
to
0
i
CO g-*
H
Ito
-^^tdwr-T ci
^
r-TcN
-*
'"'
13
^
Q)
^~^
<c
(N
CO GO »0 t^
s^sssgs
i>.
OS h^ ^ 0 -^
•*
»0 00
e
,—,»-< ^-,
1^ coooo
tr^
S oot^c^o
to
OSO>
a
rt
s-oi
S"
■* iracooo
r>. ic CM 00 t^ 00
OS
OS
M
■S
CO rj CO
^
M rt^tO
rnwelcO-H
00"
f-T'"**',-^^
OS
3
2
i-H CO-*
••)>
®
M
s
^
t^ e-> — ICO
r^-s<->j<oocococ-j|co 1
10 00 CM 0-**«
0
OS to
s
i|i
(M t^ to to
CO CO t^ 0 CO 0 CO
■0
cft GO r-^ 0 <o
CM
M-OS
03
0> ^ t~-H
•* 0 00 •* e<i CO
r-HlOOtO'J*' CO
OS
0> Oi 0 1^ <-<
OS
00
CO CM
c4'gco
— ICO^
^^
(N COtP ^
*0 to CO OS to Tj* f-H
c^
»o c^ 00 1
CO
OS "5
,—*»-< ^-»
C4
10 0 t— rl*
r-H CO CO to 10 00 CO
OS
CO CO lO 0 1
U3 r^
III
H
CO eooco
CO i-Tco oT
CM OS OS 00 CO CO OS
— ICO-*
00
^oooi=5 1
■*
0
t~eo
1 1 i M
1 1 1 0]
N 1 i^
! I 1 >.
! I I 1 M
! I ;^
: 1 ! 1 =3
°
®
A
1 1 en 1 >>
! ! :^
I I w 1*0
i is i.a
VI > & <Si
1 •• 1 ["O
i io-i i !
1 1.2 0 1 I
1 1 ca to , 1
1 iS-gii 1
a ® *^
» s ^
S d.2 I13
151 ij
r?
£
1 I G P »
1-03 .
tn a a d §j3
■a 0— 0 J^^
■ ■^525o"to
i^ ■& III
0
&
0
-l-S ii
•S g d 0 <=
'T) 03 C 0 rH
13
i
0
3
T3
■§
0
is
1 ^
1.1
.as
si
3 u.
03
0 03
% 0
0
H&^
JQqnmu
[BU9S
1-
e<i co-*io
tor~ooo3 o^e-
CO
-<!t< >0 CD t^ 00
a
ss
STATISTICS OF INCOME
53
2 >>
— d
cs o
T30
05 g O
■2 a-
m.H O
MO-"
w > ^^
« i-i
4) a)
M >
o g
n H
CR
.2§
S
£.
S
=)
i^
u oo
a O.03
> o ®
© © ^ a>
S » t- ■»
WIS S
3g^
« ® S'
2 S.
> ;-
Is
CO ©
a P
13 n
2 fi
©IM
'^ CD © K>
©iM m-^
•9 2
•—cj.a-tfs *^?;©
v-^aii2©©c3>— ,
■"^;nSo ^--^^ °"
o»'2*^'d ©-sfia 9
O*iX!33©0pt-^r<
a „St E'Sgoaog *
a 9-^ en S'S ©
a ©73 .i: C « 5 tn«
.Ht3 ©7^ -2-^ a o
2^«a§^3^P
«.2 ScD ^2 S,3 a >.« S.S °S-
^2^:o^§2^^c«2
i-l ©
55 ©
,c^ eao
5 2 o.
■g > o © a "=
■^-S^§2
'03 d :
l^-ss^-^a^tiMfl^-^g^S
ri|Sa2a£22>.^^.2t!-^-S
!_, a "^ts
ca *^ ■ ■ '
© ©
^K 5Po Si's c^'
Q ©X2 © fl
ca'o ;
o d
- "^i C^-2J3S ® © d --iS 03 3 S;
o Waco's o>
"t! 0=
Sii2
tng .5o"^>-.d-;-p^p'^ai-a
'3l3<D-oi2o.22ftc«feoO.°'ca2
^"ao^a'aao^i^at^SSS
_I©3^''<o„o3>-a~a©-^s,.
oS^dd^agxfeSSdSas
'§S-iioa©|§©„^^x2^3
ill §1^1 aa:||-go..|H
^25d£^-oi:3||-g|©g.
© a M a^ a
S El, ® a? rt (i, IZ 6h o
03 to 'dc* 0 2
OC 03 d o "5
£a
©■^
54
STATISTICS OF INCOME
C^.o
^S,
-o --,
i? e
■JO e
^^
1^^
)^«o
e ^
t^.--
1 '^
1 s
'-'(^o
^ "^
t- Ci
o3 i-H
><
Ph^
s
a
":> a.
f~
O ■» cv
o ^ ^
o e H
i=l e e
•— I »■"
«4-, SsitS
OQ Cl °
.Hers "»
^^ S
<D 5
t-i <3i CO
joqnmn iBijag
M -^ lo CO r^ 00 Ci o '"' c^ CO
- U5 cc r^ 00 Ci o r^
^ 1^ -< M ^ M W 1-H
3§ OO
r^ c-l CO -^ t^ »o
o 00 c:s *o »o 00
0< r^ CO CO t-
OC(N .CO O
Hcoor, r^ooco^oco
t-t^COOsC-l-^.— <-^
ciS't^ to" CO
OC' X Ci C '^ '^ 00 lO —■ CO
o ^ o c: cc CO CO r*.
^^ cctooiocoiM^r
:■ O) o '^ '
»^j i-'j o c*< iM (>J T 1-- >.
:) CO o c*< iM (>J -^ i^ c^ ;
■>■:}' c-it-Hcoocic;!---^-^
'^i-<i--.coicooco<:d
i-H "M CO 00 O " lO
lO >o ^ o
1^ CO — ' O O
o o ».-: o -^
CCOI 00 o
Ci OS c^ o iro Tf
-"5 C^ CO O CO O
t-OOO'* o
CC «— ' CC O 00
:>i^ ® o o
"> C «^ S.
M<!
— — .ii o
C3 c: tn cu
<»^ hod's
J5 73 3 ft S o
*2 S^S S o> o
o 3 5-G C!i
3p4Qt_)KPlH
3 S"
3 (D
jaqninn iBijeg
S Tj* lO CO t^ CO OS O '-^ (N CO
^»OCOt^00 OS o r*
„rtr-( r-l ,_ ,-1 ,-1 ,-, ,-, .-I NN
STATISTICS OF INCOME
55
o .
IS «s
"ft"!
•-^ & >
.2 So-
l-i l<
O OT3
<J o a
S fc <"
fl t. m
cog
2Ph o
iTsKo
g3x: >,
m 05 S -"
a '- "^ _
3 ^ 05 I-
bo
■,=»
A. 05
o
C3
+^
S
oi
t*>
C5
"a
sS
o
05
05
C3
05
a
O
S
05 S
o a
•^ CO
5 bfi
a. a
05 1^
a o
o a
-2 « -5 5.
Coja 05
2 "^.2 -a
2 bjs;^
& 03
05^ O 05
b 05 X
3 r^^ ^
05 O) -^^
05 d
02
C3 J3
O.- ^03 05 3
>< - jj 05 O Q. 05
^ <-• to *— I 05 O
"S 05 o t3 -1^ XS
'O c/v :z2 . -, o !S ^
03^ o n o^*^T3
X > a D c-ca 05
^ !£ S o d'^'^
05 ° 3 ""-^ -''3
.S ": s d 2 >. d
^ „i.9 fife",, "
g.2j3 g ^ s d
i^iSdSs
do«cSag-
05=-B-- s^a
■a M 5 "« S 2 S
•S . O^ " - "
*j Mt; cs d
:i5ga
gfeS So-
^S&
ao
05 ^^3
^ XJ2 05
• • »_( (N . X .-. tl ©
® fl^ ' ^ '^
0-2^ CO .
— 05 O^^O
s-d's<5ii5
d o ?3 a
2 3-d^
'Ss*=^'S'S5 ^a
.2 ■" . *e o "' o
'aMdi2o53M';
o.a dTo'gaT
= S-3 a„3a
5SgT3 0-2.o
^■2i2§i£l
.2 « " ^ ■g a a
^d3gS>.2
.2 T3 o "^ a -^ a
-a g aoZ S <e
,2 d -^ » oi2
§05 fe<J^a.
05
C-'^So
i-a
6L
05
S 2 05 a^
05
ffl'
05 >,
"S *-a
■a 0.2;
ii 03-
'•§^S2»-2 2£
^ d S</?^-d5->^
g « o S S^^ a §s|-g.^.«|^ o §
_^lHS05--oa .*^o
' <ce.,-g g-2 g: §g 05d £a
^ -■ 05 05 » jq O d g 2 K„ S,S J= O 03 j2
c»j.d"°'-^'"^=' 3 ^-
s 5 a „ M d^^ ' ■
■^v-sas"'
03 Oi^
?o
r£d
•3 <<
56
STATISTICS OF INCOME
»* "S
on H
u ^
J-*
1-1 V5
t3
^ to
^14
CJ CO •<»< lO to t^ 00 05 O .-1 IM
eo
■* mcoi-oo
Ol
O-i
aequinn iBijgg
<NC<<
t4
1-i
«0 1 1 IcOCONlOOOOCC
CO
CO -H 1 o 1
CO
OOO
OS
lO 1 1 1 lO »Ci 00 CO « ^ cc
« III t-00COT-<(M
CO CO lO 1
Oi
US'*
-
«
-r t^ i-H 1
IM
o _r
o'^
o
o
-h"
, 1 1 1 1 1
o
Ui
<)
01
2
ao
3
3°
QO
a
O *"*
•^
M
rt
ut
Ut
,_4
1 1 I 1 1 1-H r-lTj< 1
lO
t^o lo 1
a>
COCO
m
•s
®
1 to CO 1
•-1 JO I
OJ
■o
T!
■ mco 1
a
s=>
r^
' ' 1 1 1 1 |0^
"O
a
3§
t^
1 1 1 I 1 1 lO
a
o
o
cs
-S
o
8
05
4>
c^
! 1 ! ! 1 ! !
Ut
t^
o ocoot-m (Nw t» It-
Ol
■^ lO »o O 00
oo
n
O
V
•o to w CO CO — 1 o -H m 1.-C
— ■ C^ OTf
^-*
o
-o
40 1-1 00 --^ »0 to t^ 1 t-H
o
rl ^ t~l^
u
3S
g
-* -r 1
CO
'^
<!
g
o
o
Ih
■§
CO
>.
a
U3
lO
t~ 1-H 1 CO •* OS Tt< (M llO
s
to -^ 1 O 1
O)
3
hi
C^ lO 1 rH ^ CC lO ^ !•<*<
CO-* lO 1
t-
23
a>
CO 1.-1 1 — ( rt (MCO 1
o>
IU5 1
lO
T)
o
"So
,„^
_2
CO
So
10
3
o
u
B
1 1 1
5
o
r-t
to CO to ^ to to o to -^ o> o
o
00 05 00C^
CO
tot--
£
o
W
(M —1 -«H O to Tl- O 00 rt O
005 O —
C>1
— Oi
5
t^ N ,-iCOWiO>0 lO
eo
C^lTf — -H
OS
o
u
®
y-v
f^^
CO
N
ci
3
;?
a
C3
■^
H
fe ^s
CO
en CO o> 00 00 00 o 00 oj oo >o
o
CC 00 O O t^
_,
OS— '
00 ,-t t^ o 1^ r^ -^ '-^ 00 to t^
>0— ■ U50
CO
—I "5
•— I
CO r-l F-H CO 03 -^ -^ *0 -^ to
lO
lOO 00
'<*'
r-i to
s
V Cfco'rt"
o
<N ^
-*"
^
s *3
CO
05 to <M OS OO lO Tf Oi to to -^
~
CO 00 O O 1^
1^
too
»o
^ t^inoocNccoocoot^
lO
to ^ oo to
3
C^ to C^ O CO CO o »o to »o
05
cow CO 00
CO
•>}" 00
s
CO t-Teqto'oo-co i-T
o
■"-Tco" lO
^
f^
o
O)
IM
ei
: i ! io
1 1 1 jo
1 1 1 r -^
' 1 1 1 3
■a
1 <:>
1 1 1 .-o
I I i^ i i ; ; i i ; j
S ; ; : ; 1 ; ;
I i ; i^
■o
X
; : :? 1 : ! : ; ; 1 ;
I ' ' M
; : : I ^
1 1 1 1 C3
t 1 1 J^ 1 1 1 1 1 1 1 t
1 1 1 , «
' ' 1*^ 1 1 1 1 1 1 1 1
' ' „^ --^ >»
i i i>? i i i i 1 1 1 1
.' ^IS-o
rA S°-a
1 1 I'd 1 i 1 1 t 1 ! 1
,1 -1^ t >
S 1 S-o2
H
1^:^ Mi 1 |S| i i i \
1 !!-!
ioUii II : i i
^B~^^
ross estate: '
Real estate
Investments in bonds and s
Federal Government bo
Wholly tax-exempt
Partially tax-exemp
State and municipal boi
All other bonds
Total bonds
Capital stock in corpora
Total bonds and s
Mortgages, notes, cash, etc.
Insurance (20 less 21)
Miscellaneous '
Total gross estate
inistrative
ortgages, e
c, and sim
n, Act of 1
estate tax
1
1 ®
nd adm
ipaid mi
e, publi
^emptio
from an
3
T3
4)
1 s
3
"3
ss
1
o
u
a
ductions:
Funeral a
Debts, UE
Charitabl
Specific e:
Property
o
a -5
C3+J
a 0)
1^
3
<s
O C3
:z;
3
a
&^e
J
sqmnn [Buag |
-
N CO •>»< «0 CO t- 00 o o ^ ^
2
■<9< io X r>» 00
OS
ss
STATISTICS OF INCOME
57
a 9 ^
lis
■n.22
is
'^ o
83 o D<
a c3g
CO a>
>
■§.3
a) S^
»■" C —
.C] O CO
OS 0! g g
a "o' > .2
.■S - a> P
"w >i ®
13 3£S
»> M_*'
S3£.S
^M p 03 +j
ot5 03 O
^ 05 ^- ;r2
© ^ •-' ^
"SB ^-s
as 0 ?
^ S O.S
oil g .
_a >.
■O CI
« s
0^ 03
t^a
03 S
<s bc
SB.
*^ 3
05 13
J s
li
0.-2
O) w w
c! li ^Zi i-
S£
..2o.
o > ®
S ^-O ® "-■ B
T3 -S s: "''' s S2 "S » 2 rt *^
H ocn o cc .*^ CO g~ a
03 *i -- ^i- ^r^ a . . „r P -^ ^
S g 3°= o>
w r^ — a;
-i ai>, -".2 cOtS'^S
^ a a p >,3 (fl
."S 2 O © t?-3 *f
fc.£-S5 tn'-s^-o
O^^CS-k^cOi^'^ •
o^'^cc-^cot^'^
•«i^§£S2-2
wc]'-:©-s3_,a
teoOr:i2^-^3
K,.^ a - g .6f -^ m ff)
f^$2^Jc£
"s " t^.'S 2 P — c
!nC^S >;■ 03
" ; * <u CM.P a —
°^ 3 p
-co
»«» &0« «-S2 ^-^ 3 © 1:^
a a« gP^S p 6c.c2«-3 ^g
s2 x^ ^ i7= &.^ s n ^ -i-i ("L ^ '-'
>.£ .S
O^ Tl -iJ © sA CJ tH ..H r^ .— ^ ' *-* i-i* ^^
f^ S ti "S -p i: a -. *<2.QSf3'-t>£4>'^
-•oSiS.-^ ri.3^i;:S a p-o y, !:o«-
<aS«£ Ot|-3 2iiS*5:-S'^ P P;
58
STATISTICS OF INCOME
0^
ii
-2 «>
eg
:^-2
« o ja
S
as
-f^-O
CO
-t-'
ix^
03
«n
Oi
■—1
■^
"«
s
o;
e
X!
<:o
<^>
H
05
•3 rt
a
<
jsqmnu i^ugg
^
M
CO-* 10
to t^ 00 CS 0 — 1 (N
CO
•* 10 to 1^00
OS
Ofl
d d
to
to
^ to (N
CT. « >c CO iM ^ m
t^
^ h-OO— '
CI
to -^
.rj- t^ rji
t^ CO CO I^ CS 1^ TT^
>o t^ t^ 0 »o
d "O
si
CO
to
O0O-. t-
to CJ 00 0 (N t^ »C
Tj^ (>f to cT I C ,-r tC
03
00 CI tT tC -t)>
to
T^ to
cJ
N<0 t^
0
d
CO
t-
■o- to r^
>0 (M to 00 01 0 t^
^
T-H ^-^ 00 O-^
~
00s
m
00
,-■005
0 (M CO IQ 0 <M --^
CJ
--^ CO r^ 0 to
00
OS to
0
H
tooo
CO CO ^
0 t~ lO IM 0 00 0--
t^ -Tt^ c5 ic CO .-T »o
CO
CO to 00 to -*<
iot>rcJ"od-<J^
00
00
000
d"rH
OOOO,-!
CO
d
OT
0
CO
r^
-rroi-^
0 (^ t~ Tl" 00 OJ CO
10 ^ ^ 0 CO
CO
Od
0
3
P
a.
>
O'Oo
00 B 2-
to
CO
■^01^
0 '-H to 00 CO Oi Ci
^ in CI 0 "O
00 00
0
H
0
to
■* (M 05
rHrHtC
05 to 05 »0 CO CO CO
TJ-" 10 to CS lO c4" -^
1-H CO W
CI CO^ CO to
coco'i-Tto
OS
00
CO
CO
,^
<M »0 OC
■^ 0 CTl 01 t^ t^ »0
>o
05 to COOOD
~
CO t^
«
Ut
00
IMC5-K
<N 05 c: 00 0 CO 0
c^co-* 0^
m
t^ CO
»o
0 iJo
^-^
,-i
^ C) ,-■
" to CI 0 CO to 0
00
oocoiocoira
IC
OS CO
Oi
0 3 GO
3
ft
0
c^'co'-H
oto'r-Tcoociio
CJ
0
■^■■■^■"^"-H
lo"
d
CO-rt
■a
a
a
IS
3
■c3
_(
(M
0 to uo
CO "* --< »i"3 CO Ol ^
a>
0 to t^OlO
to
tooo
0
Ut
CO C<1 to
^ CO to 0 CI 03 c^
00
10 rJH CI 0 05
CI
coco
0
o^o
^-^
(M
^H
IM 00-*i
d t^ 0 1^-^ to iC
OS toco .-■ CO
■<^
CO to
»
0^0
CD
!5
<N ■0 ^
CO of C5 ^^ to -^a^ tC
Ti CO r^ ,-H •-<
!o"
to t-^coco cf
CO"
t^Td"
3
-^
m
rt
0
0
^
10
r^ ic c
to GC t^ ^ t— 00 h..
to
t^ CI 01 0 01
7^
co>o
Ui
to
t^
10 CI ir: 00 C) >o ^
ClOl tOOCJ
»OOS
S
O.S 0
^-^
0
OJ
itSS
t^ 00 ^ CI -- t^ "O
to
OCO — "Od
CO
OS-l
0
—
0^0
t-
10"
CO ^»o"
to to* --^ ^'" Ci 05 Cf
._r
cTia-^ed'^
d'
»o to
■a
O)
CS >-0 (M 00 CO r-<
to
-H f-l ,-,10
0
a
>*
3
CI
^
®
,2
00
to 00 »o
CO CO ^ to c:5 CI ^
to
OS 0 to 0 ^^
OS r-
3
M
x.^
t^
o>
CO rt to
to
— ^00^
h-
Mt-
(3
O-So
^.^
r^
CJ CO "v 05 to CO w
•*
ira t- .-1 >o d
0
0 t^
P
"o
»
-^
e^'ojco
loocf cfcitCci'
05
cfoo'tdrCio
0"
rP to
CO
c< >o 0 lO CO ■-!
3
3
■5
»
^^
en
W 05 to
-!}< 0 05 05 0 00 0
r^
CO t^oo oco
._,
l^OS
0
0)
1.4
IM
to
-H 0 ^
C) to CI G.D CO 0 1^
to
OCOQC OCC
00
3
,— ^
00
-r
CO 00 0
CI CO 0 CO -:t* to to
00 CI 10 ^ 0
l^
St2
a
;?
>c
to
rH to to
tc'tDcJcJcDiOO"
CO
00 CO to Cl' CO
CO
r-X^
><
IM
■-fCOt^OCO rt
rt 00
3
H
^
t-
r^^ CO
0 Tf OT C< 0 0 00
01
1-H >o t^OlO
cc
OS 0
u
CI
t^ClOi
00 Tf c^ r^ »o *o CO
CO
OiO
IS
Q
to
0
I- into
CO^ ^ OCOSOOCO
■^co cf 10 to t^o
0
0: COO S to
0
co'
toi^
10
0 -* 0.. CO ^ r-
>o
rt ,_ ,_ 0
CI
p
Of
OJ ® ^
*^ .'. a3 "
c
0
OJ toc-»
^ 00 0> 1^ 00 CI 03
~^
CO cs -r 0 t^
cT
cod
00
0
T 0 10 0 I^ to 00
00
100 to oto
00
.OCJS
^cl3
w
0
3"
S toc^
00 CJ 05 CJ O 1^ to
c:? -■^ r-T cf 00 -^ cf
CI
cf
0 0 d 0 d
ooco'oTod
cs"
•^OS
^■-1
CO 1 - 0 CO CI ,-1 CO
■n
CI 0 rt d
■<*■ d
--•CI rH
t»
00
^
0
-<r-OJ
0 10 Oi "^ CO t^ 00
Cl
d in ^ 00s
0
t^o
>o
N
CO 05 -!T<
CI «. ^ CO -< >o .-H
OS CO --< 0 t^
os-^
"3
t^
>o
^co«o
C5 C5 »-< r-1 0 -* to
CI
oocoos^ ira
»-•
coos
s
^
to
loofT
cO'lfci'r-.-oocfoo
c<^
co'd'oou^" >o
to
d to
0
>o
Tj<o> to
00 CO 0 00 >o to 0
c5
d t^ OS r^ CO
0
H
CO
"^-"--"
■0
c»
::-
to
1 1 ><
1 < 03
! i i ' i i '
' '.2?
i i i ' i i '
1 1 i J >s
i 1 1 1 t 1 I
1 I i^io
1 l"©
1 ' t^ 0
' ' j3
; ' mCS 0
i i^
i i i ! i i i
0 1 3oS
m ■ cro-r-
■a ;„■§
1 1 a ' : ; ;
1 1.2 ! ' 1 1
1 i-SS*
't3
Government be
oily tax-exempt
tially tax-exemp
nd municipal
1 iiiii i i
luctions:
Funeral and administrative
Debts, unpaid mortgages, e
Charitable, public, and sim
Specific exemption, Act of 1
Property from an estate ta
Net deduction. «
H
1 p
1 ta
. P
1 c
;£
l.S
exempt.
All other bonds
Total bonds
Capital stock in corp
Total bonds and stoc
Mortgages, notes, cash, e
Insurance (20 less 21)
Miscellaneous '
5
ct;
a
0
0
3
•V
ii
' C8
• t->
' 3
3
1
"o
^l5
0
73
"3
0
g.9
a ®
■3?
0
-o
s «
s>
0 05
^
0
Q
enH
jgq
ninu IPIJ9S
-
N
CO-* 10
to t^ 00 OS 0^ CI
CO
tf >o to (~ 00
OS
§55'
STATISTICS OF INCOME
59
«c 'u
tH °= ^-1
^ G
-2^ Si
jaq
rann iBijag
^H
N
CO-S<iOtOt~OOOSO-HCVl
CO
■* >otOt^ 00
OS
o^
^ ^^ ^
^^
CJIN
■a
n
1^
00
o
t005Tt«tO»C'<f050>^Oi
00
<M OCOO 1
^
-H C
oo
t^o>f(M-a.— .loojcoio
e^
»C to 00 O 1
o
t>. ^
■<j'C^Oto-*cor^cO'-i»o
CO
oT'^'^ 1
00
00
o o
T-l -H COOOrH ,^ CO
r^
o
»— '
1 o
a =>
3"=
^^
o2
o
■o
<=> is
3
_g
a
o
O
1
- ©
Ho
^
^
C<l It-C^OC-JCOOO 1-^
(M
00 00 to o t^
00
00 i-irt^tOt^CO iio
t^
00 C^ 00 O -H
3
30
O Oi
o ®
cs
to t^ 000^0*0 ' t^
lo o^'e^f.-H 1
to
a
1
00 "O
a
o
O
J
OS
i
i§
■*
•*
cooot^t^-HXC^cn>o
00
oicoe^ o ■*
00
■* lO
to
lO-^^CO^-^iOt^t^^
00
c^ to o o »o
CO
ciTti
o
§
a
so
oco
o aj
©
21
w ^ to o -^ "* t^ Oi r^
^ »o r-Tor^w CO
o
cno-jt ■* •*
CJ
to
o
a§
^
^
tc 1 Oi ^ 05 05 t^ b» 1 ^
■^
Tf o lo o
CO
■o
t>-
O 1 to to CO CO t^ t^ 1
CO
O ■* 1 O CO
a
3 o
H
ira .0» ir5t^<M CO 1
1^
NOG j-H S
to
>
a?
o S
-<■ 1 of-^t^C 1
^
*"*
o
T3
^i
O 1 to -^ C5 -^ •<** C^ 1 CX)
»o
ot~ lo 1
00
5
CO
rt lOlCOCOOOlM— 1 |C<1
Ol
o->i< lO 1
^
3 o
c »
H
^H . ^ CO ^ O 00 '
1-H .-I CO-* 1
CO
(N iPh 1
CO
C3
iot:)
j
T3
a
q}
3o
O'O"
S <^
O <B
o
■*
co»o»oc<Jio<Mt^»or^oo
-H 1
lOt^tO O -H
„
— < T}<
3
ID
a
c
OiO-H — OOOOOCOiOO
Oi
t^ t^CO O "fjt
ci
O'^
-o
to
r-t^tcoioooc^c^tD
tC oiOcico »-H
■*
<N05 O Ol
CI
■U" Tl
5
"S
COTt>
lo
g
TtT-a
a
3
>,
ai
«s
OO
lO 'lOCOOOt^iOiOIMl^
t^
-a< .o oo -rt"
■^
CO o
05 , — . OOC^ COrr CO — 1
Tf
O lO oo OS
•O
ocs
©
£1
3 O
1-H
o»
CO . "O lO Tf 00 (M — ■ Oi C^
•*
OTt- •* to >-i
CO
o
i-i
o
c^"
ICO -^^-tO i-TrH C^
to
»-i"C<f
•^
^
_2
■5 <-
1 rt eq
(M
o gj
as
a
m"T3
o
03
®
AO
c^
CO
GO»Ot^rtHTPC5COiOtoa3
r^
OS h- -* O --Jl
■^
»o 00
■S
SS
t^
cooooosfMr^oioos-*
TPIM I--0 -H
OS OS
03
3 "^
5?
H
TP
lO CO 00 t^ O C^ 00 t^ 00
a>
to 00 t^ CI lO
OS
ow
O t.
c>
i-T rt to" -<" " ci" co" ^"
00
.-<-*■■ ^r4
OS
»
—ICO-*
-*
<D
o_^a>
I?
^1
to
OOl^l^t^OSCOC^-^COO
eo
•O ONO —1
oo
OS CO
o
COOSOOOWCSTj^^tOiO
to
■* OS
3 o
^
^
Oi
O 05 05 O — 1 lO to — 1 01
Oi
OS to oto to
OS
coo
om"
^
c4" 00 »-h"co o <m"tp CO
^
^^"rtrt ■-<■
t-T
"2 i-
^ C^-J"
>o
c^t3
§1
_
(M
tc-i"— ■u^tccoaito-*— 1
N
»o CI to O 1
eo
os>o
M
or^-<j<— 'cocotc^oooco
Oi
coco lO O 1
CI
IC t^
3>o
CO
COOCOC^OlOlOOCOCOOS
oo
-«• O 00 -H 1
t^co
CO
«-rcoo5^'*"oo»0'-r
to
cfcocfcf 1
o"
rt
■-I CO-*
lO
1 1 -fc^ t ( 1 1 ! 1 I
1 1 1 1 1
1 1 & i 1 i 1 1 1 1
I I ' I t/i I
1 1 a 1 1 1 1 1 1 1
I ' C3 I
11*1111111
I © !
1 1 ? 1 1 i : 1 1 1
1 1 1 1 >> 1
i . »<! 1 1 1 1 < 1 1
1 1 1 liO 1
1 1 ca t I 1 1 1 1 1
1 1>^ 1 1 1 1 1 1 1
1 l^g.S 1
' ; »o^ ;
1 1 '^ 1 1 1 1 t 1 1
S 1 3 o S 1
'.■^
1 1-fl 1 1 I 1 1 1 1
3 i^S^ 1
;o|Ji-S i ill i i i
g o 03^ X I
't3
^^sl : \h- 1 i
1 03
1 P
1 C
ilia i^o"^'
03
03
1
> cs
c
1-°
; g
o ;^.2
2
be
-c'S t^H gc
o 3 5^ ftS'^
3fnPO0QfM
13
3
■a
ii
' 3
3
2
c
s
a
„ So
» m >
o
"3
o
"3
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
0 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 0 00 S
o«
c5" CO loeo t-i"
S i*
00 00
"O 0
«T3
Po
t^ OJ 0 CO-hON
00 o> 00 Ncncoo
^
310
t~" 00 t^ CO CO
0
0 —
10 0 lO-^ ^
s >-
g -^
0 a>
1— <
-Ht3
0
M
»
CO l^ •* NCOCO1-H
9"=
CO 0 »o m-rj* N 00
H
00 10 >005 lO
3 o_
^
10 oT ef ■-<■
0
10 lO
a
00
1
CO 00 0 O0000-*
K
■^
rt ira 0 rt ■* 10
S?
1=5
©
i-H C^ 0 '-1^ CO
a
3
3 0
0
«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 0
^-^
h
1
0
s
<N 10 CON
u
to
0
05
1
-, -H
Ut
0
00 CO a> coai-K-H
*
a
■o
CO 00 -H c^ coco "0
3
-o
®
PO
^^^
>o OJ t~ ■* ■* OJ
'
_2
§
5°
0
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 0
^^
t^ ■* 0 -H CO ■*
0
"3
0
13,
0 <o C^i•-^
_2
T)
0
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
0
;?
s
<S 00
to 0
0
+2
0
0
<1
0
C« 0 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
0
«
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?
0
w 0
" 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 0 -^ -^
"O
O'X
e^"^ >o t^ iC
00
gfe
Ol rt rn
■o
-H'O
§
H
cS
to CO C^ 0 <M
r}<
0 CN CO CO 0
0
3«_
w
03 t-C^ (M
a
o
ife
tcf io -T — "
<rf
O
^-^
CS Ol N
<N
J
—•0
to
ITS C^COO CO
CO
T3
CO 10 30 M to
M*
3o
^
0 >o -^ -^
0
t-H
30
^
CO NO 0
r-4
•a
o
0 — ^
•— «
<s
<
00
®
3
a
a>
in 0 lOiO 0
10
H
O
o
'3
l^ ^^ tP -,#
OJ
Ho
30
0
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
0
n
73
1
S
iM
&
3
a
U2 0 10-* —1
01
03
J2
Oo
r~ Tf CO CO
o>
£
to
v-^
C» rt 00 00
C^l
1
r
r»
0 c4oo 00
C^ '-I '-'
oT
Ol
■1
ii
10 ^ ^ CO 0
CO
®
®
— 1 C35CVI Cq
01
T3
CI
IS
§2
g
CO t^ 0 0
eq rt ^
to
to
05
0
10
CT>
^
S
00 t^ — 1 t^ -«<
00
o
t^ 10 cq — •
o>
[-1
rH CO 00 00
00
0
-3
a
IS
« 2^ 2"
0
net es-
under
6 Act,
taxable
er 1932,
,or 1935
Act 4
»o 1 0 »o 0
0
S
0 ' 05 CI
to Ito to"
01
to
No
tate
192
but
und
1934,
^ o-r c-j — '
_
0 ^a^ >o
r^
3
CO T-l^^ 0
<^
M
^f tood 00
•0
o
to 1^00 00
0
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 ^ ■<»<
^-3 2
>>»
c^ H
mosS ' » ca 1
xco
rs to
0 0
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 0
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;
0
O'O S
^
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^
•"•
»"<
'"'
CO
3
1 1
a
o feo
g'Og
^_^
' '
•^
05
1 1
a
=>cR
3
' '
o
o> 3c
O
T3
1 1
J
^^
Tf
M<
>o^
1— .
OS
10 .«*<
It*
»o
lO
g®g
lO
c:s
VZ <M
ICO
o
U50
.>o
00
05
OS
.-OS
c(N
CO
CO
Ol
a
o
§1°
00 p05
3
00
00
■*
.-Tco
ICO
eo
■O
O
a
I
is
J
S
o
lO
•^
o
to
OS lO
1 -^
CO
en >ra
lo
00
o>
ofeo
§1°
00
CO lO
to OS
iOS
0
o
iH
00
o
ira 00
1 r^
tn
>oos
. OS
t^
o
o
3
^
o
CO
coci
CO
coos'
los"
0
^
-^
n
05
<1
o
lO
CO —1
Ico
loo
0
a
®
,— y (-1 ^-^
to CO
.CO
■o
to 00
.00
r»
3
a
5J
to
to
to lO
N
to 00
.00
0
to
>
to gl^
<N
«
«
^
00
00
— <OS
In
co
-H M
1(N
Tt"
<-^ t- ^.^
Tj«
o
^ o
lO
oo
f-. t^
t^
a>
s-Ss
as
o
■OtX
OS
10 ■*
1-*
3
«gtC
H
>o
*o
1— t
•— .
1 T-H
r^
a
03
to
2
0!
6
(M
o
CO
c^
c^ in
IcO
(M 06
Ics
to
OS
/— . *- ,— 1
o
iC
CO 30
l-^
lO
CO —1,
to
s ©s
IM
00
IN CO
■ 00
»c
INCO"
Ico
o
3
X)
■*
■*
•*eo
to
Tr (N
Ic^
CO
■*
'«'
. 1-1
•"•
o
o
-<
S
®
•a
0
'in
to
CO
o
r»4 ^
lo
to
■* (N
l(N
C>J
— . fc- — ,
Oi
>o
C» —1
100
OS 00
. 00
to
X3
o So
PI
t~
irf
00 »o
.CO
00 to
.CO
0
to
D
®
N
Ol
T3
_2
03
s
'o
(N
CO
■^
^ QO
Iu5
^4
•<ii t^
. r^
S2
.—>(-" ,—y
M ■*
. t^
e-j Tf
.^
C<l
a
3
02
2
03
CO gCO
50
o
CO
1^
CO
(MCO
CO<N
.00
o
CO
M 00
coos'
.00
loT
0"
^
e
ID
3
ca
^
t-*
CO
to
2^
M to
o
00 e^
'^
00
CO
o
rH OS
00
^ to
. to
sll
£
o
o
to t^
00
ira
to OS
■ OS
*
03
H
t>r
00
CO of
TjT
CO 0
lo
e^
■*
■*
^^
OS
OS
OCl
. 00
00
000
loo
to
o feo
N
to
c^
lOOO
.s
.CO
0
^
t^
IM>0
.to
00
NtO
.to
CO
lH
CO
r-T
COff
CO
eoo
lo
■*
■a-
■^ 1
X
o
-^
-o 1
3
CO I
®
CO
C5 ,
>>
OS
03 ,
■O 1
o
o
o
(n"
CO 1
3 1
ca 1
o
o
03
i;co
to [
§ i
OS 1
^
il
■^ I
If^
0 1
'"' I
>>
iS
OS S
'5 I
ji
9 1
c^" ]
p,
CO
®
t ®
OS
i2
- o
C 1
05 1
03
fc4
! X
x^
^'«D
f>> 1
13 '
o
1 03
03 „
|i
"3 3
bl, 0
u. 'w
•2 •3
3
03 1
S 1
0 ;
1 1
V-" 3
OS
2
CO
OS
OS
x:
o
5
^ 3
■S'c
X 3
^ C3
ei t«
t. ®
c —
— o
25 c
OS o
co.ii
OS —
•^ o.
i~ 3.
^^
3 X
35
s >
ft
<S'2
1 \
S i
So?
C "
3" o
o a »
E 03^
t«S 0
o
1
. o
2st3 •§";:;■
X
OS -*^" C3
I; X
C c6
<S (D
03
73
3^^
z
z
H
<
-^ »-•
« o
«
~
jeqmnn leuag
1 -
00
OS
O -1
MCO
-^
10 to t^ 00
OS
»»
b«
J5
»o
CO
OS
"S
«
•3
3
3
73
S
2
2
a
3
a
o
o
o
.a
<3
OS t^
— 0)
a
3
73
tog
2o-
"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:
0 "O o
"O c3 to
64
STATISTICS OF INCOME
e
»,
«5
y
^
-w
W
p
;3
w
e
%>
C3
ft;
CO
»
•r^ CO
<a Jo
h e a TT
>^
■»
t^
K
«D
C
CO
«>»
^
SO
Oi
613
s*
^
e
Co
1
t^)
o^
y—^
^
03
A,
o
lO
^
CO
s~
05
n>
'W
tf
o
S
<«-l
tS
<u
if
d
e
o
^
c>
=55
c
t-H
s
«<-<
o<to
<*»
«
Oi
-»j
.22
'S'
eS
•+J
^1
CO
^
»o
"sT
<U©J
03
H
©
3 ?,
■u Ph
Eh
jeqmnn i^ijag
§2
"0*0
N C'O' •—
o o ^ S; .-'X-;
jaqrann iBjjes
o t^ o
«-i -^ o
3 <=
I C3 g'O
© *i *j CO
g fcH ^- 03
K « !«!
00
aa
D-Q.
CO c^
C^ CO
<N Oi,^CO
3^ :? e
"O o ^ -.
S 9 <s o
« ".9 'Sim
■3 X X ►<
g 03 03 oj
(OtMO<0
STATISTICS OF INCOME
65
•<<iotet^oo
H £f
"St;""
o a X
bc.O
I 3) d
en
(N i-H
CO .
as CO
2-5^
ad
Tt* 10 ;o t^oo o
^fr;:2§a
.9 -ofeS
*j ca X > ™
•^TS ?:: So C3 _ -o
.£ .2 ^'^ .® o 5 -2
a a w ■g a ® 2 g
■O-l g^-o a a-o
"o"o &£"o'5 f-o a
ri^ rr, r/1 m r^ — ' .>< « (j!
ax]
a a a -s 1=1 a> -- t!
3 a d * ata-o 3 CO
66
STATISTICS OF INCOME
"
MCO ^ »o © t>-
OOOJ O— iM
CO
J9qinnn iBuag
^
^_^
CO CO CD 00 tf^
50CC O lo
t~
O
^-v ^- ,-^
cc ^ 005O ' ^
CS GO Tt< 1 -^
o
■g
s
-^ lO 1
CO CS iC^«
IM
<
" 3 —
c
3
0
®
>
Ui ^-^
<D
c ® o
«
S£°-
QC
«•
t-i
3"
•^
O
CO
11 1 ! 1 1
Ci
s
3
CC CO «OlO l-H
CO CD t^ 1 1^
'D
t^
-^ 05 1
CO (M i<N
IM
C
o
o5o
^.^
M (M 1
03
C3
t-
c^ Of
S
©
3
ai
®s
o
«g
t^
t^ t^ O T)< 1 tc
CO O O 1 CO
M
L^
C-l CO CM --. 1
.-1 e^ en icn
o
-IS
o
o »o
^^
OCO 1
"1
g
2aS
3
W
^"rt 1
TJ
>.
a
xi
o
OC 00 »0 CO 1 (N
^ IC CO 1 CO
00
3
m
u«
IC O 1
■>!< CO iCO
«
CO CO 1
-c
1
g
S
"3
3
a
S
3
•a
g
-^
coco ■* C^ ilM
CCt}< (M l(N
Tf<
IM
«o
lO U5 IIO
u
2
s
■* CO I
_2
a>
3
t3
3
^
03
C3
00
1^ 1 t^ ^ CO
CO
t-
o ^ t-i o
. T*< till
CO ICO CO
^ C3 a> Qi -^
c~l 3 ^ F^ CO
2
'^
■ en 1 1 ■ 1
o t? c
1 r-( 1 1 1 1
:?»3
M
r, _ ^co ioc
O — 00^ t^
lO
O O c-l Oi ' <M
O CS 00 00
s
lO O i-H 1
CO i-H Tjl •*
o
s
co"i> 1
b^
I? Nil
If i M i
O 1 1 1 1
^
^ i
X a> , 1 i 1
-< 1 1 1 i
o ® ; i i i
"^ ' 1 1 1
•o
■=» 1
O O 1 > 1
3
O O 1 t > 1
o^3 1 1 '
03
•o ;
°° ; ; ; :
*"* .t^ t 1 ^
(^
3 1
CO 1111
"^m ' l'^
H
c3 1
^s 1111
"" £ ' 1 ""*
o
CO ;
>->J i 1 1 1
s " 1 1 Eg
■« X 1 1 ©
p3 03 1 i^-i
s
3
'"' (
O* O* I'll
■-■« 1 lo
^
"o '
ca 1" 1 1
cd cd 1 w 1 1
. °-s«^
>>
•" i
tr M 1 ® 1 1
° <i> 1 i3 1 1
d 03 1'^ 1 1
is a£=» <» X
o o ® w >< 03
."ti
< 1
IB 1
3 '
> '
^ » ^_s *^ Ci TD
1
22 «SS=f
CO
"cO
W 3
*^.i — 'T3 X
a ^
x: .3 • • h a ~ lo
o
O C ""J
.S a c3
"^S
a) a' oj X; o o tn
^^^
+J4J'2 XXX
•o
C 3
0) m c S a ca
■o
S^
;^;z;3^Ehh
<!
a>
03
tf
H
jeqninn iBueg
-
IMCO ■0' >05Dt^
oocn o -H c^
CO
l^T
Ol
1
3
"C
o
>
4)
<
o
3
3
3
0)
o
•o
■y*
>'3
tf
-3
O CO tn
9 P ^
g 3 o
—
3
X
r*
a
3
cfl
i-
^
fr
J=
«
1
CO
3
O
n^
c
-Q
X
3
C.
S
©
i2
£
O
o
-j;
x:
o
3
tl
<
0)
c:>
o
V
n
^o
a 3
3
3
P
>
■o
03
oi
a
03
;5S
3
r-, x:
^3
3
O
ri
T3
hr
n
T! 3
CU
o3
-T'
h
^
ce
3
03
3
03
;-'
c-l
•3
^
J=
13
3
C»3
o
3
4J oj a 3 .; *e X >
as S 0.2 95 o
o a-" sgE o g
a 0 >>-J2 o " «fa
2;_ i-s ft"" o
i:o«£©go-
|-gxfiS-Ss|
« i
Q a *J CA) w u- O
»5il t- 2^ a
> ~, m c 3, t. o:
« !^ ©fa ©-"
K © _ ^ Ji 'C
.ns g ..te« «
-"■=;9-afe2afe
CO -".2
be
2 o.g:
p-.-K * c © ©w £
_ c, "^ 03™ » « =
3 -w
S3 03
STATISTICS OF UsTCOME
67
jaqrann iBiJog
-'
p»
CO
TT lO tOt^
000a 0 ^ N
CO
o
»ir
■^
OIOOOCO
0 05 0> CO t^
CO
O mO
-3^
0
00 CO -*
(M 30CQ CO
00
00
0
CO
00
005 '-'
«OCO rH
10 0 Tf -rt*
00
to
t^
1^
00 CO oira
oooc^ocq
to
i.H
00
CO (M CO 00
CO coos CO to
■^
-r
H
CO
"I
toco <rq
to to 05 0
N
O
H
■^
io-» .-H
to U5 0 0"
c^'
C^
o
Ol C^ M
o>
"^
'^
o
!_,
o
«<
»
CO
t^
(N to to ^
10 (Mcooeo
CO
Co
30
CO
o
>o
U3 Tf (N 00
CO 1000 iM CO
^
00
U5
»0 05 10
0 10 -^ rr
coc<f 0 0
0
<c
O
3
o
B
C3
o
00
Ira
>
(D
vn
CO
00
0
OOOCOf II >oo>otoo
0
CO
«
"O
0
to ^ -<** -^
OJ
o
ao
^— V
'-I
O)
0
rt ^ to
03^ 00 00
-^
^^
U
3§
Oi
1^
■^
CO oi"
to CO CO CO
■^
©
00
q
o
ca
a
o
3
o
<D
^
CO
>ra
to »o t^-*
03 to CO r-- »o
05
T)
CO
o
t^t>-— 1 00
^t^-^<c^^.-
C3
0 O
^-^
(M
00
00 Oi 00
.- 00 (N CI
0
O
a>
3g
00
c*f
>o
CO cq
co'co"o5 oT
0
(M
IM w ,-1
o
<D
o
><
a
rt<
U
t-i
o
"v
a>
'J'
to t~-* >ra
C5 to CO to to
a>
'V
o
CO
(M
Oi — < CO -t*
CO 05 '^f CO 0
■0
■a
S
a o
^-s
■o
CO
to
coTjt a>
oco to to
a
3 =
t^
Oi
cf
■^'co
^■^to to
r^
3
03
CO (N C-)
o
■a
o
• _2
c^
O)
•o
o
a>
03 r^ OS (N
00O5C»-*lO
r-
'3
t^
a>
CO
rt -q" to
»ra .-H CO CO
<J>
0
ca
P o
^-^
r-
t^
,-. to *<*
00^ t^ t^
3
3 =
50
g
•0
of^"
ONod 00
03
1-1
_2
o
iS
o
3
a>
u
,_(
:o
CO
IC t-— 1 t^
cq UO t^coco
r-(
c3
©
o
c^
00
00 0 r^
to 00 1^ t-
>o
'^ o
,,-^
00
t^
00
t-to ^
(M t^T)< ^
to
C3
z
§3
s
S
03"
1
N -T -h"
^
o
^
^
t>-
OOO-HC-I
— ' C — H^M-
0
05
0
IM
lO to 00
o
0
to
co<>«
OCOI^ t^
00
'3
21-
c?
rt" 0 0'
o"
a
CO
CO
p
- 1 ^ m
1"
*J C3 «^
o
t^
t^ 1 t^ -^ CO
5 m
'3'^SS<
oo
to
10 1 0 »o
ira
M
s
00 lOO 00
to 1 to to
00
to
!2;»
3S3ijS
--^x:-^
^
Oi
(N
I^-* -^ Ci
10 t^ 00 — < to
>o
■o
CO
O)-?' ^ CO
00 NIC 'I" —
■ra
o
eJ
t^
■*
^
06"
t^ 33 ^ to
0: t^ oq — . -H
•^
H
C5
t^ us r-
to t^OO 00
0
to
CO 0 IM
CO
^■'
-T
_
,
^ ' ' ' '
A
X
•* 1
e
■<!;;;
^H
CO '
0
0
■3
05 1
0
0
a
03
0
0
S^w" ' ' 1
'3 1
a i
0
0
0
t~.
C3 '
S
0
i-l ' ' „
i i
>>
a
03
i"' i ;
" X 1 . 0
03 OS 1 '— '
3
"3 1
o3
ii i !
1 c3 ; ■
I-, -w 1 jo
>.
H
O 1
< ;
OJ 1
3 1
>
1
i
0
OS
C^-i^ C3
"*^ _« 0 0 ©
0 0 1^ s s 5
ES.2-sSa
<c 03 ^ *^i:-3
■3"-^ o-r^jTS
2
.2
X
03
0
d ^
2
.2 .
bH ^ tH Ui Cd
©X2 0 0^
e
S2 B
a
OS's
0 s.o
gl^^H
i X X X
a 03 cs a
3^£hH
X
.2gS
3 3
e
<B OJ (B
C3
-3
5^
;?
z
t^
-^
0)
jeqmnn iBueg
-
(M
CO
rr 10 <o r*
00O5 0 —■ 0
CO
68
STATISTICS OF INCOME
jequmn icijeg
"^
M
e«
•"•OOtOl".
<>0 OS 0 -J N
CO
0
0)
TS
t-i
00
r»
CCOl IIO
Ncooo loo
CO
0 ®
0
coo IN
.- COt^ it~
0
0 1*
0 0
fo
•*
0
oieo ito
^ OS-H 1—1
00
2
ej.
10
to
uf 05" Ito
^ui 10 1 10
OT3
«
10
C» r^ •
OSN to Ito
t~
a
"^ 0
03
fe
_2
Hi
; : ! :
0
0
1
1 : ; : ;
^
^
•^
»C ■<*< 1 ^
OslOTti ItII
•0
a
0
ofeo
§^0
o>
»0 (N 1 CO
010 >o 1^0
M
1
oo
00-
rH03 IM
COrtrt I-I
•*>-<' CO Ico'
CO
>
0
-a
O
00 go
^-'
2
§
.a
J
Pi
CD
to
^
0
to
05 W3 1-^
coo »0 liO
00
i
«
^
CO »0 1 ^H
to CO 0 1 0
0
§
o
I
1
tx
0
CO
10 GO ir*
coecf 1
iO lO 0 lO
CO CO 0 1 0
0
i
o
Ui
<!
~~"
0
0
to
co-< Ico
—ICO 00 100
0
"d
2
CO
toco iCO
>OCO00 lOO
a
a
a
1
ft
H
0
to
to
»0 tOOO 100
0
8
05
>
to pt^
^^
bo
«
fl
0
a
s
00
00
i-hO> I(M
CO— 1(N Ic-^
Ttl
b.
o
■^
0
—10 lO
00— 1 1^ It^
t^
A
1
00
0
U5
<o
10-* irH
OlO-* I-*
>o
£
<I
2
"5 3CO
03
Ul
•a
a
^
2
S
0
CO
(N
PJiO Ito
WC-JO lo
to
a
ofeo
to
"D
CO 00 ITJH
lOCO — 1 1— 1
CO
£
3
«
P
(M
00
(N CO 100
>OlM CO ICO
•o
a
H
•*
5
•* CO 1
to-*c^- 'iC-i
CO
<D
S
o
-«"
^ ^H 1— H
g
a
S
-d
a
a
'w
to
CO
0
•* Tji lo
tO'S'C^ lc-1
<N
C3
.Q
Orr-! 0
a>
«o
05^ 100
r^ooo lOO
CO
I
5
r^
s
a
CC 10 ICO
lO 00 CO ICO
tC^io 1 tn
0
CO
a
.2
3
Eh
1
c3
a
'B
M
CO
s
Tf 00 110
— 1 Tj« t^ 1 t^
CO
®
CO pCO
(M-J< It-
r~ M Tt< 1 T)<
c^
as
1
i-i
0
2
25
co"c<f 1
0 IMOO 100
CO CO 0 1 0
o"
a
®
CO
CO
""* 1
.^j
*4-3
©
'S
2
^
to
"uT
f^
•-l—ICiOi
CO— 1 >o llO
•*
0 feo
OOC<1 -H T)<
0 OOC^ iM
C3
H
2
a.
COiO 00
co"n
OCO CO Ito
■^co 0 1 <:S
rji
73
M gm
"i<
■V
oj
-
OS
o>
OCQ loo
00000 loo
to
ofeo
c-»
to
c^
ur) 00 Ito
0
§
N 10 Ito
cocf 1
OOIN to Ito
COCOO 1 0
CO
e^"gM~
•*
—1 —11^
'-'
+2
a
0
,
T3
'< K
d
Q J [ [ J
^
g
a
•^ i i i i
«
ID
•0
S 2
M
10 ' 1 1 I
■a
4^
OS , 0
(O
fto 1 ' I
a
a
^ 1 0
0
0 s ' 1 1
03
0)
■o 0
0
T3
□ 1 ^^
0
§ : «s
"S
»
S ! a
0 > CO
1 ! S
§ i S
a 2
a2 0
5»
!->' 1 1
S" 1 IS8
§
• CO ' '
•^ X 1 10
0
1
3)
J 03 1 1
jgj i
' ^ © CO
.■S'C ca'O
03 03 1 l'^
ti -w 1 |o
x! ^ S -2 £ »
.2
d
CO
0
0
US
i
3
. 0
13 »■" a
a>£ .1^ CO
^^.a-a-^
"2 « « «
S 03 03 03
1
0
<1
§
a
>
fi.
0 0 x
2
S| s
al§
•S OJ 03
p
0
1^ :?
0 a>V>
3
•0
;?
h
«J
s
a>
>>"
«
m.
J
aqtnnu iBjjeg
-
C4
CO
■vtcxot^
OOOOrf (N
CO
'
13 ja
"Si
O 3
>o
3<d
>3
«.ia
3
s 2 0-^
rr ® V
O >3 to
oJ m'-i
■" C ^
■^ 3 a
"'■S IT
'"— «>
o 3 S
t- r1 M
ca g o
§«o
^-2 P.
CO +2 (D
ig>'S 0-1
g,^ 3 .2 S i.
S 3 c8 " « .2 05
CO 03 a o „ K »
3 c^ ^ _r a> 3
<=co~2 a" 2
— o-o^C M t,ja
■" 5 =^ =" "2 » »
Q§-2S-§§§
iri t> /^ rl L rt^ jj
« » r
g« L^
.§«g.^03«M
- -, a) ^ « a •«
* " .t; 03 « So
®*j
1 M 2C ® ® to S
1" '- a" ' " *"
C3
O)
STATISTICS OF INCOME
69
J s
s «
*< -H ^^ '
o
f^
-*3
05
■2
OT3
oj-e
s
OQ
S
<3
00
^^
C
01
CO
^
>-i
H.->
01
^
W
hH
>-H
K
51 :i
QJ ^ 7^ V
CO 1-^ -^ CO o t>. »o
sss
C3 U3 to f-( Oi »-»
00 lO ■'i^ CO rH rH Tj< W -^ ^ •**•
05 1 I 1 i»H fH ICO 1
COC»l"^C-JC<ICOC<lCOGCC^t^CDCOCO^-^OiOO<MOCO
"5 "-H CO Tf CO «3 C< ■<1< C^ I^ — ■— — -
00 CS lO W CO
_ * -^ rr -^ »o 00 c
03 ^ W
^s
iz-;
o a
^^
fi p s .=?
3GO»C(MOI>*iO-^»OCOOOOOOOCOCDh-aiOCC^O
i-H i-H o ^ t* GO 1— ' O CO liO Tt< lO lO Oi r- C^ CO — ♦
^tD«DoocDC"i»ococOi— i"^ooo-^»-ocot^QCr^eo
'^O(MC00000O<:DO'^«300O<NC^'-''— iaocoioi>-
■^t^'-«COTfXCi'^ CDCOC^C^It--COt^l>--^
iOC0C0^00eDTpTj*C0i-»^H--C^t^C000C^'-lOe^^^
.. __.-^__ _ .. 3 h, Tt* CO »o ^ CO OS CO
'—'(NcCOiOO'— tCiCOr^iOmiOOcDOC0050cDO»0
OiiOi— <0SO'-'^Ht^oO^»0c0i0Tj<0iC005'-'i— '"-*
iO C^ lO lO -^ CO CD CO O O 1— I ^ t* CD -^ Ir^ -"l^ CO O
oi-HOi co-^cirH coco ^ ^eoo?
M N i-H
CM-— ih*oO'<^Tt<cr>'^ao*Oi-Hc^oioco(N<r)»o-^'<t<io
COCOt-OOO^t^OC^GOOiOOC^OSt^t-^C^GOt^OC^
iOCDC^OOOCO'*'^Ci'>*"OOS-^t^rJ*'-iOSO*0050iO
' i-T 05 1-^ ci" r^ o o CO
C5 rHlO »-(.-l ^ i-(
cococDGOoO'-<mr-r^»c-^ciOcot^t^io^ococoi-*
o-— 'Tf^'— •iOoocor^cooOiiocot^oiCTiosaicDco'^
CDCDOO>t-t'-»OCO»OCD>OOOOSOiMCOQOOOt^CO
i-Hr-7»0 oTt^CO O 05 od CO CD c4">ocob^
00^00 .-HC<»C
CO (N '-H C5 ^ i-i '
c^iM(M'<fcocDCflO'^c^r^co^"^<Mor^'^'-<ooo
t>-«-HTt«'^O^CCuOO'— ''-t iOTt*CDOOCOO»-*Ol~—
O ^ CO ,-. —ii-t
t^CMC^ ^iH .-Hi-I Wl
^-C0t^iOCOOi00CO'M00C^C<IO5Cl?COa>"^COC^'*00
1-1 C^ CO »0 1-, ^ ,-t O »0 <M CO ■<*• C5 CS ■<** CD
OiiOOiOiCi^OOcDcDOOiOOOiOOS'
-_ . .. . ■< CO o 00 r^ c- - -- ^^ -_
oacococS'-(.-<»-icso>
oD'-'^cccDor-cDOcO'-ti-HcoooO'— 'ooc^ccmco
CO —I -^i* ,-, c^ t ■ . -^ -
tgi2s °as
^•SS;
>>C3
,^ o
-r; O C3 .
c3 3-- »■
^11
70
STATISTICS OF I^^COME
-Si?
'«^,
g
S^
a^
;s
■51
S
n3
••o
OCl
s
^
!~
^
"* en
i-O o
S
a s S
o S^ 0
c k
o^
H
6 a S F3
O 00 CO i-H -^ ^ Xi -H ■^ ^ CO ^ rf O b- ^H iM ;D WCOO
^ r-i ^Ht^COCO^O T— CrH
lO CO o o o c^
0» (M <N CO i-H TT*
CO . X (M C^
C^OOTf«kOC0C^t^»O00OlC^t—Qf'O-^^0CCO
'^fOiot^cotciM^-o -'t'ocot^t^ioco'^cococrj'rfoiai'rfr-
CO O Ol CO •-< lO ■^i' lO iO CO t^ t* Oi -^3 05 O CC »0 Ci W CO '— • h- lO
OCO ZO »OgO'— '05*0 lO 1NI--X1 CO i-Hi— (C^
O:-^G0C0C^C000<Nt^C0(N(NO00ai"*O!©'-'iOiOr--<ft^Tt<CO
iOCOiOCOOCOO'OOOCO<NaJO'*CDOOO-*'<M'*^OcOGCC^
CO ■^
(M CO 1-1 .^ CO <:
- ^ 'rt< 1^5 r-< CO t^ I
»C-:J<-^iOOTiO'-H010iC^-^t~-lOCn-HClC^CiOCO-^0001GCGOCD»0
^rjHri^ CO <NiO QOW '*05C50l<iS'i-i C50i i-i*OCO
(MC^iOOOOCCOO-^^OyD^COOC^CDC
' ^ "T? rt o '
^OOOOCOOlCOCOOO
.iMC::--iQD(MtMcO'-<GO00 I>CO(MiO
ait^COI>-00O0C4C'-'G0OCC'CS'N O"^
050 lO-^ C5 1-tOCO
O —I
C5cO<NOOiC0 05-^OOt--Cl':CtOCT>X'0(NC:r^CC'^CCOt^'^CO
CO-— <0-*t<05iO'^CD-^ -^'—'•^COOCOCCQCCOOlCOi— 'C>r-'~*»000
Tfoo^iooo-^O". oooicor^r-.— 't--cD3icooi-^GC[--.coojr^
COCOCCO-i"cO'-^'C5"c4" OiO ofrt^COT^'c^CO I^i-^'-hO(NO
COtCCOOScOiCOCOCCC^'r^COGOCOCNTrrl^t^OJOii— ' — h-OCiiO
C3i 00 ■^ "^ C7S C
;CMCOO'-<*OCOGC'— <'^'— C00'rh-O5.3:)i0»0
lO-— icDC:;C5C0'— lOOO'— i-^COi— iiOCOiOClCOCOC5»COC5l>-C^OO
lO «— I t-H -
CO rH IC CO r-i ■-
i-H (N
oxo4c:)OOioco(NO*o»oioc5 0ocoi--C5050(N:r;'<fr^t^
X-^iOl— C5CO OICO'— it-CSi— .asXX'-*'^iOC50Cl'— 'COCOC*
C5.— (Oil— I CO'—' lO ,— I"— < 1— 'O* 1— <^^
lO.— ">*'iMiOwi-tiCO:CSI^05"^'*C5(NO*000-^-:fiC^OOX'^
<©C5r-iCD CO IM(M t^CO t-^fNtMCOiM CO"'-* COt^
iOcri:0'---H.-HsOc-t'-*05cii--cncco5oa>coocoot^oo»»o^^
-OO-^COO tM-.O'— <i
i y-i CO <-< <-< r^ O 1-1
^0'-'i^cDcDC5Tfoco*<rr-o
cd p.
92
'-S o
■ t, M -■ t: cs 05
, p_ p> > p: is iJ"St:.2^ S'h ■='
2-2-S
:E-eP>'>:S
STATISTICS OF II^COME
71
S5
Tf iC M
(C cc t^
«cc>c
CI t~
s?
cq«c<5
IOCS .I
C2
•<*<
S
«-
§
11^
2
to
OOCC GO
org of
g
en
CD
<rf
«o r^ ^
o
o
05C<ltO
CO
?5
o
CO
1^
§
2*
"E i 1
511
"3
o
to
CO-* t^-H
!r! a
.-^ CO o
•Is
M r~
i»
^
^•c
O 1
o ooo
!C C.
O 0 = o
o o oo
CO «
lgg§
to O OOi
O CO ^ 00
.JJ
CO O^ CI
to
c
o^"^cf
3
00 en — CO
C5
o
CO t^ Oi "^
E
</^ . .
CI 00
-<
"§
>,
rH
1-1
C3
3
l-H
^
»
fe
to
1 1 ■^ 1
05
o3
' \cj> •
03
"§
®
a)
3
1 1 >» 1
' 1-^ 1
■^
■*-^
I 1T3 '
CI
O
Z
£
' lis -o
; 1 dS
©
s
3
^ ii'>'
s
ce
S 1 s^
■a
p.
03
o is-S
2
*^ |ci-a
o ; 2 S
c
T? I cd "3
is
q
o
t)
M to Cf CI
JjCJCOcO
©
■o
£222
S
o
®
T3
;^
_o
a
Ut
d
»
u
c
c
■a
!D
o
lei 1 1
a
®
1 Ol 1 1
C
If—*! 1
ca
1 to 1 1
', ID \ \
to
< a . 1
c^
.311
0-.
^
|i-s 1 1
^_
a
1*11
o
OJ
■B ' !
<1
■a
;s2 i
3 ®
"o
.T)< o' '
11
J3
oS
1^" ;
ill:
■a
"o
■w o
»
o?2 3 '
° 3
C3
ll
"to 2 i
§1
£-gto2
®(i, <e .
Is
'^ -9co
_: o' C M
==«
"5 '=^ X<1
cs t^
''' aS
= .S.2 a
T3 O
(-* Ui i_
»- q:» 0) -
3 3
0 CC"^
s
3
Lm
•>
0
K^
1;^
■3
u
a
a
a>
03
*j
=>
J3
<
€/^
a
0
a
WDSi-^
72
STATISTICS OF INCOME
Table 5 (Table 9, Statistics of Income for 1935, Part 1). — Historical summarjf
of estate tax returns of resident and nonresident decedents filed September 9, 1916,
through December SI, 1937: number of returns, gross and net taxable estate and
tax *
(Money figures in thousands of dollars]
Returns filed
Gross estate
Filing period
Total
Resident
dece-
dents '
Non-
resident
dece-
dents 3
Total
Resident
decedents '
Non-
resident
dece-
dents •
Sept. 9, 1916-Jan. 15, 1922
45, 126
13, 876
15, 119
14, 513
16, 019
14, 567
10, 700
10, 236
10, 343
10, 382
9,889
8, 507
10, 275
11,853
12, 724
13, 321
17,032
42, 230
12, 563
13, 963
13,011
14, 013
13, 142
9,353
8,079
8,582
8,798
8,333
7,113
8, 727
10, 353
11,110
11.605
15, 037
2,896
1,313
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,584
1,556
1,394
1,548
1,500
1,614
1,716
1,995
8, 893, 239
3, 014, 073
2, 804, 327
2, 566, 522
3, 001, 089
3,407,923
3, 173, 235
3, 554, 270
3, 893, 246
4, 165, 623
4, 075, 575
2, 830, 388
2, 060, 956
2, 267, 285
2, 459, 892
2, 312, 421
2, 793, 758
8, 785, 642
2,955,959
2, 774, 741
2, 540, 922
2, 958, 364
3, 386, 267
3, 146, 290
3, 503, 239
3, 843, 514
4, 108, 517
4, 042, 381
2,795,818
2, 026, 931
2, 244, 107
2, 435, 282
2, 296, 257
2, 767, 739
107, 697
Jan. 15-Dec. 31, 1922
58, 113
Jan. 1-Dec. 31:
1923
29, 587
1924
25,600
1925
42, 725
1926
21,656
1927 -
26, 945
1928
51, 032
1929 -
49, 732
1930 -..
57, 106
1931
33, 195
1932
34, 570
1933 -
34, 025
1934 -
23, 178
1935 -.
24,609
1936
16, 163
1937
26, 019
iod
Net taxable estate
Filing per
Total
Resident
decedents s
Non-
resident
dece-
dents s
Sept 9 1916-Jan 15 1922 -
5, 509, 522
1, 704, 974
1, 532, 061
1, 395, 816
1, 658, 869
1, 972, 537
1,761,617
1, 992, 503
2,313,976
2, 427, 454
2, 356, 332
1, 423, 437
828, 302
902, 745
1,051.378
949, 906
1,227,151
5, 407, 674
1, 652, 832
1, 504, 621
1, 372, 421
1, 621, 008
1,951,969
1, 735, 840
1,943,429
2, 268, 323
2, 376, 973
2, 327, 319
1, 391, 569
798, 246
882, 712
1, 028, 490
935, 280
1, 203, 155
101, 849
Jan 15^Dec 31 i922
52, 142
Jan. 1-Dec. 31:
27, 440
1924 - -
23. 395
37, 861
1926 . - - -
20,567
25, 777
1928 -
49, 075
45, 653
1930 - -
50, 481
29, 013
1932 - -
31, 868
30, 058
1934*
20, 033
1935 i
22,888
1936 <
14, 627
23, 995
For footnotes, see p. 73.
STATISTICS OF INCOME
73
Table 5 (Table 9, Statistics of Income for 1935, Part 1). — Historical summary
of estate tax returns of resident and nonresident decedents filed September 9, 1916,
through December SI, 1937: number of returns, gross and net taxable estate and
tax 1 — Continued
[Money figures in thousands of dollars]
Tax
Filing period
Total
Resident
dece-
dents «
Non-
resident
dece-
dents '
Sept. 9, 1916-Jan. 15, 1922
356, 516
120, 662
89, 109
71,939
87, 322
101, 805
41, 686
41, 959
44, 388
41,617
45, 200
23, 674
61,415
96, 216
155, 466
196, 370
308, 450
351, 138
117,624
88, 384
71,451
86, 223
101, 324
40, 931
40, 561
43, 303
39,003
44, 540
22, 364
59,429
95, 228
153, 763
195, 301
305, 784
5 378
Jan. 15-Dee. 31, 1922
2,938
726
Jan. 1-Dec. 31:
1923
1924
488
1925 -
1,099
481
1926 - -
1927 - -
755
1928
1,398
1,085
2,614
660
1929 -
1930
1931
1932
1 310
1933 < -
1,986
988
1934 4 ._
1935 < - -
1,703
1936 <
1,069
2,665
19374.
> Changes in the Revenue Acts affecting the comparability of statistical data from estate tax returns
are summarized on pp. 146-147.
2 Includes citizens residing outside the United States who died on or after May 11, 1934.
' Excludes citizens residing outside the United States who died on or after May 11, 1934.
< The net taxable estate for decedents who died after 4:59 p. m. June 6, 1932, is shown under the provisions
of the Revenue Act of 1926, whereas the tax is under the provisions of that Act plus the additional tax under
the Revenue Act of 1932, or that Act as amended by the Revenue Acts of 1934 and 1935.
74 STATISTICS OF INCOME
GIFT TAX RETURNS
There are presented herein tables compiled from data reported on
gift tax returns for 1936, filed during 1937, The gift tax, payable by
the donor, is imposed upon the transfer of property by gift made
subsequent to June 6, 1932. Any individual citizen or resident of the
United States who makes any transfer by gift which exceeds $5,000
in value to any one donee, or regardless of value if the gift consists of
a future interest, must file a gift tax return, A nonresident alien is
similarly required to file a return if the gift consists of property situ-
ated in the United States,
The gift tax returns for the calendar year 1936 were filed under the
provisions of the Revenue Act of 1932, as amended by the Revenue
Act of 1935. The major changes provided by the Revenue Act of
1935, affecting gift taxes, were: rates graduated from Iji percent upon
net gifts not in excess of $10,000 to 52 U percent on the amount in
excess of $50,000,000, in lieu of % of 1 percent upon net gifts not in
excess of $10,000 to 45 percent on the amount in excess of $10,000,000;
and a reduction from $50,000 to $40,000 in the specific exemption
allowed each resident or citizen donor. All of the specific exemption
can be taken in one year or the amount can be spread over a
period of years, at the option of the donor. If the total of the
specific exemption for gifts made prior to the calendar year 1936
exceeds $40,000 an adjustment is made on the returns for 1936, so
that the specific exemption, which is used in the computation of the
gift tax for the calendar year 1936, does not exceed $40,000.
The rates of tax in force for the calendar year for which the return
is filed are applied, first, to the cumulative net gifts made from June
6, 1932 (the date of the enactment of the Revenue Act of 1932),
tlirough the end of the calendar year for which the return is filed.
From the tax so determined there is deducted an amount computed
by applying like rates to the cumulative net gifts made up to the
beginning of such calendar year. The balance is the tax liability for
the calendar year for which the return is filed.
The following tables show form of property in which gifts were made
by net gift classes; also number of returns, total gifts before exclusions,
exclusions, total gifts after exclusions, deductions, net gifts and tax,
classified by net gift classes, by total gift classes, and by taxable and
nontaxable returns.
The data presented are based on the returns as filed and prior to
any revision that may subsequently be made as a result of audit by
the Bureau of Internal Revenue. The tax liability shown in the
tables does not correspond with the actual collections for the same
period, as payment of the tax shown on the returns is at times de-
ferred, and for the further reason that any deficiency taxes or over-
assessments disclosed by the audit are not reflected.
In the tables, the term "total gifts" represents the value of the
property transferred less any money consideration received in ex-
change, provided a donative intent existed. The tax is imposed upon
the net gifts which are obtained by subtracting from the total gifts:
(1) An exclusion of $5,000 for each donee (except in cases of future
interests) ;
(2) The included amount of gifts represented by charitable, public
and similar gifts; and
STATISTICS OF INCOME
75
(3) Specific exemption not in excess of $40,000 for each resident or
citizen donor, all of which may be taken in one year or the amount
spread over a period of years, at the option of the donor.
The several forms of gifts, comprising total gifts, have been classi-
fied under the headings of real estate, stocks and bonds, cash, insur-
ance, and miscellaneous. The last-named classification includes
jewelry, objects of art, copyrights on books, the forgiveness of debts,
intei"est in business, the assignment of a judgment, the assignment
of benefits of a contract of insurance, etc. Gifts of stocks and bonds
comprise 62.0 percent of total gifts, followed by gifts of cash amounting
to 18.3 percent, real estate 8.2 percent, miscellaneous gifts 6.8 percent,
and insurance 4.7 percent. Gifts for charitable, public, and similar
purposes amounted to 12.9 percent of the total gifts made.
Slightly less than one-fourth of the total gifts was effected by trusts.
The following table gives, for each form of property, the total gifts,
amounts by trust, and all other gifts:
Gift tax returns, 1936, by form of property: total gifts, amount by trust, and all other
gifts
[Thousands of dollars]
Form of property
Total
gifts
Amount
by trust
All other
gifts
Real estate -.- -
Stocks and bonds . .- .
39,811
299. 452
88, 459
22, 465
32, 596
5,456
92, 920
9,226
6,949
4,702
34, 355
206, 532
Cash
79, 232
Insurance
15. 516
Miscellaneous - --
27, 894
Total -
482, 783
119,254
363. ."IM
From the following table comparison can be made with respect to
all returns for the calendar years 1932 through 1936:
Gift tax returns, 1932 ^-36: total number of returns, number of taxable and nontaxable
returns, total gifts, net gifts, and tax
[Money figures in thousands of dollars]
Number of returns
Total
gifts
Net gifts
Calendar years
Total
Taxable
Nontax-
able
Tax
19321
1,747
3,683
9,270
22, 563
13, 420
245
878
2,528
8,718
3,770
1,502
2,805
6,742
13, 845
9,650
81, 389
241, 008
888, 753
2,130,514
482, 783
17, 879
101, 793
537, 083
1, 196, 001
134,979
1,111
1933
8,943
1934
68, 383
193,5
162, 798
1936
15, 664
' 1932 covers period from June 6 through December 31, 1932.
83167—38-
76
STATISTICS OF INCOME
Of the donors who filed gift tax returns for 1936, there were 4,280
who had also filed returns in one or more prior years. The number of
returns, and the amounts of net gifts and tax, as reported on the 1936
returns, of these identical donors are given in the following table:
Gift tax returns of identical donors, 1936 and one or more prior years:^ number of
returns, net gifts, and tax
[Money figures in thousa nds of dollars]
Number
of returns
for 1936
Net gifts on returns for
Tax on returns for
1936
Prior
years i
Total
1936
Prior
years '
Total
Returns taxable for 1936 of
donors filing nontaxable re-
turns for prior years
486
1,946
203
1,645
18, 816
66,043
18, 816
526, 649
145, 652
2,062
9,938
2,062
Beturns taxable for 1936 of
donors filing taxable returns
for prior years . -
2 460, 605
3 145, 652
'117,334
3 36, 272
127, 272
Returns not taxable for 1936 of
donors filing taxable returns
36, 272
Returns not taxable for 1936 of
donors filing nontaxable re-
turns for prior years
Total
4,280
84, 859
606, 258
691, 117
12, 000
153, 606
165, 608
> Period from June 6, 1932, through December 31, 1935.
* Figures adjusted according to provisions of section 301 (b) of the Revenue Act of 1935. If a specific
exemption of over $40,000 and not over $50,000 was taken for gifts made in years prior to 1936, the amounts
of net gifts and tax for prior years, as reported on the 1936 returns, are increased by the difference between
the exemption previously taken and $40,000.
• These amounts are probably understated because there is not always suflScient information shown on
the current year return for their computation. However, whenever possible these figures are adjusted
according to the method given in footnote 2.
Table 1. — Gift tax returns, 1936, by net gift classes: number of returns, total gifts
by form of property,^ exclusions, total gifts after exclusions, deductions, net gifts,*
and tax
[Net gift classes and money figures in thousands of dollars]
Number
of returns
Total gifts by form of property
Total
Net gift classes «
Real
estate
Stocks
and
bonds
Cash
Insurance
Miscel-
laneous
gifts
before
exclusiooa
Nontaxable returns:
No net gifts ....
9,660
25,076
130,446
41, 615
10, 098
17, 648
224, 783
Taxable returns:
Under 10
1,708
660
361
243
178
359
173
60
14
12
8
2
3,009
2,673
1,125
1,112
590
2,296
1,131
927
271
651
950
30, 266
18, 367
12, 999
9,978
8,171
25, 474
24, 202
12, 765
5,424
7,138
6,472
2,134
11,459
5,353
7,070
2.887
2.394
8.390
4,583
2,908
851
786
123
25
3,454
1,341
1,181
1,020
732
1,445
1,289
998
484
3,092
2,044
1,710
1,229
1,022
2,673
1,534
1,553
5
185
51. 279
10-20
29,778
20-30
24. 084
30-40-
16, 226
40-50
12, 909
50-100
40, 279
100-200
32, 739
200-400
19, 151
400-600
7,035
600-800
8,760
800-1,000
7,545
1,000-1,500....
2,159
1,500-2,000
2,030-2,500
2,500-3,000
1
1
2,501
3,116
16
424
2,941
3,000-3,500
3,116
Total taxable returns
3,770
14, 735
169, 006
46,844
12, 367
15. 048
258,000
Grand total
13, 420
39, 811
299, 452
88,459
22,465
32, 596
482, 783
For footnotes, see p. 77.
STATISTICS OF INCOME
77
Table 1. — Gift tax returns, 1936, by net gift classes: number of returns, total gifts
by form of property,^ exclusions, total gifts after exclusions, deductions, net gifts,^
and tax — Continued
[Net gift classes and money fignres in thousands of dollars]
Exclu-
sions not
exceed-
ing $5,000
for each
donee
Total
gifts
after
exclusions
Deductions
Net gifts
Net gift classes *
Charita-
ble gifts
after ex-
clusions »
Specific
exemp-
tion
claimed
in 1936
return «
Total de-
ductions
Tax
Nontaxable returns:
No net gifts
69, 901
154, 882
24, 348
130, 534
154, 882
Taxable returns:
Under 10
16,037
7,183
4,601
2,789
2,004
6,150
2,876
940
290
230
300
45
35, 242
22, 595
19, 483
13, 436
10, 906
35, 128
29, 863
18,211
6,745
8,530
7,245
2,U4
7,250
3,484
4,634
414
146
3,304
2,552
1,306
93
94
21, 767
9,864
6,241
4,655
2,849
6,858
3,397
950
175
234
198
40
29,017
13, 347
10, 876
5,069
2,995
10. 162
5,949
2,256
267
329
198
51
6,225
9,248
8,607
8,367
7,911
24, 967
23, 915
15, 955
6,478
8,201
7,047
2,063
303
10-20
455
20-30
503
30-40
491
40-50
607
50-100.
2,263
100-200
2,759
200^00
2,284
400-600
1,047
600-800
1 630
800-1,000
1,367
1,000-1,500
11
393
1,500-2,000
2,000-2,500
2,500-3,000
6
25
2,936
3,091
31
31
2,905
3,091
68fi
3,000-3,500
978
Total taxable returns
42, 475
215, 526
23,288
57, 259
80, 546
134, 979
15,664
Grand total
112, 375
370, 408
47, 635
187, 793
235, 428
134, 979
15,664
> Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and
Bpeciflc exemptions.
* Net gifts after exclusions and deductions.
» Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each
donee (except future interests) .
* A specific exemption of $40,000 is allowed each resident or citizen donor (see sec. 301(b), Revenue Act
of 1935) . At the option of the donor, this amount may be taken in one year or spread over a period of years^
78
STATISTICS OF I:NC0ME
Table 2. — Gift tax returns, 1936, by total gift classes and by taxable and nontaxable
returns: number of returns, total gifts before exclusions,^ exclusions, total gifts after
exclusions, deductions, net gifts,'^ and tax
[Total gift classes and money figures in thousands of dollars]
Total
num-
ber
of re-
turns
Taxable
Num-
ber of
returns
Total
gifts
before
exclu-
sions
Exclu-
sions
not
exceed-
ing
$5,000
for
each
donee
Total
gifts
after
exclu-
sions
Deductions
Total gift classes i
Charitable, pub-
lic, and similar
bequests
Specific
exemp-
tion
claimed
in 1936
return <
Total
Num-
ber of
donees
Amount
after
exclu-
sions '
deduc-
tions
Under 10 — .
2,702
3,489
2,141
1,565
1,326
1,579
423
130
28
12
11
6
4
1
1
1
447
551
398
220
388
1,217
376
117
23
11
10
5
4
2,805
7,889
9,696
7,526
17, 454
81, 639
50, 019
30,431
10,912
7,655
8,743
5,711
7,009
1,938
4,496
4,149
2,808
4,093
14, 497
6,348
2,615
475
230
245
210
205
866
3,394
5,547
4,719
13, 361
67, 141
43, 671
27,816
10, 437
7,425
8,498
5,501
6,804
2
25
34
36
34
120
128
104
13
6
3
5
31
4
65
152
270
320
1,379
2,394
3,383
1,837
548
715
1,199
6,723
7
204
930
913
7,628
35, 485
9,087
2,233
220
208
192
120
11
10-20
269
20-30 -
1,083
30-40
1,183
40-50
7,948
50-100
36, 865
100-200
11,481
200-400.
5,616
400-600
2,057
600-800
755
800-1,000
907
1,000-1,500
1,319
1,500-2,000...
6,723
2,000-2,500
2,500-3,000
1
1
2,941
3,116
5
25
2,936
3,091
31
31
3,000-3,500
3,500-4,000
4,000-4,500
1
1
4,454
135
4,319
22
4,298
4.298
Total
13, 420
3,770
258, 000
42, 475
215, 526
563
23, 288
57. 259
80, 546
For footnotes, see p. 79.
STATISTICS OF INCOME
79
Table 2. — Gift tax returns, 1936, by total gift classes and by taxable and nontaxable
returns: number of returns, total gifts before exclusions, exclusions, total gifts after
exclusions, deductions, net gifts, and tax — Continued
[Total gift classes and money figures in thousands of dollars]
Taxable— Con.
Nontaxable
Net
gifts
Tax
Num-
ber
of re-
turns
Total
gifts
before
exclu-
sions
j
Deductions
Total gift
classes '
Exclu-
sions
not
exceed-
ing
$5,000
for
each
donee
Total
gifts
after
exclu-
sions
Charitable,
public, and
similar
bequests
Specific
exemp-
tion
claimed
in 1936
return <
Total
Num-
ber
of
re-
turns
Amount
after
exclu-
sions '
deduc-
tions
Under 10
10-20
855
3,124
4,464
3,536
5,412
30, 277
32, 190
22, 200
8,380
6,670
7,590
4,183
81
58
188
305
251
400
1,924
3,145
2,846
1,355
1,271
1,477
740
37
2,255
2,938
1,743
1,345
938
362
47
13
5
1
1
1
15, 206
41,224
42, 024
46, 661
40, 835
21, 764
6,118
3,496
2,598
714
804
1,135
10, 097
18, 008
13, 241
11,469
8,560
7,127
1,010
160
205
5
10
5
5,109
23, 217
28, 784
35, 192
32, 275
14, 638
5,107
3, 336
2,393
709
794
1,130
114
199
147
101
55
158
123
30
40
1
2
1
202
1,151
1,422
1,309
845
4,084
4,821
3,307
2,375
709
794
1,130
4,907
22, 066
27, 362
33, 883
31,430
10, 553
287
29
18
5,109
23, 217
20-30
28, 784
30-40-
35, 192
40-50
32, 275
50-100 -..
14, 638
100-200
5,107
200-400
3,336
400-600
2,393
600-800
709
800-1,000
794
1,000-1,500
1,130
1,500-2,000 —
2,000-2,500
1
2,204
5
2,199
1
2,199
2,199
2,500-3,000
2,905
3,091
685
978
3,000-3,500
3,500-4,000
4,000-4,500
21
3
Total
134, 979
15, 664
9,650
224, 783
69,901
154,882
972
24, 348
130, 534
154,882
' Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and
specific exemption.
2 Net gifts after exclusions and deductions.
3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each
donee (except future interests) .
* A specific exemption of $40,000 is allowed each resident or citizen donor (see sec. 301(b), Revenue Act of
1935) . At the option of the donor, amount may be taken in one year or spread over a period of years.
Tables are continued in the following pages, exhibiting in greater
detail information from individual income tax returns.
There is also included a synopsis of individual income and profits tax
rates, estate and gift tax rates, credits, and exemptions affecting the
comparability of the data in the Statistics of Income.
vStatistics from the corporation income and excess-profits tax returns
and personal holding company returns for 1936 are being prepared and
will be issued under the title "Statistics of Income for 1936, Part 2."
Respectfully,
Guy T. Helvering,
Commissioner of Internal Revenue.
H. MORGENTHAU Jr.,
Secretary oj the Treasury.
BASIC TABLES
INDIVIDUAL RETURNS
81
STATISTICS OF INCOME
83
Table 1. — Individual returns, 1936, by States and Territories: population and
percent of population filing returns, number of returns, net income, tax, average
net income, average' tax, and personal exemption and credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Popu-
Per-
Average
lation
July 1,
cent
of
pop-
ula-
tion
filing
States and
Territories
1936
(Census
Bureau
esti-
mate)
Number
of re-
turns
Net income
Tax
Net in-
come
Tax
Personal ex-
emption and
credit for
dependents
(in thou-
sands)
turns
Alabama
2,864
1.11
31,712
$106, 647, 588
$3, 434, 836
$3, 363. 00
$108. 31
$71, 983, 979
Arizona
406
2,023
4.15
.82
16, 842
16, 587
51, 444, 492
61, 156, 625
1, 429, 247
2, 073, 666
3, 054. 54
3, 687. 02
84.86
125. 02
35, 449. 209
Arkansas
39,811,896
California
6,059
7.20
436, 128
1, 494, 599, 201
76, 428, 350
3, 426. 97
175. 24
849, 297, 002
Colorado
1,066
3.78
40, 332
146, 498, 541
8, 934, 634
3, 632. 32
221. 53
86,716,492
Connecticut
1,734
7.02
121,805
439,105,953
35, 982, 854
3, 604. 84
295. 40
234, 097, 533
Delaware
259
5.30
13, 739
96, 694, 780
25, 538, 755
7, 037. 98
1,858.85
28, 105, 089
Dist. Columbia-
619
17.26
106, 863
327, 467, 666
13, 290, 899
3, 064. 37
124. 37
195, 337, 920
Florida --
1,642
3,060
2.68
1.62
44, 048
49, 512
197, 705, 207
181, 626, 423
18, 608, 221
8, 478, 922
4, 488. 40
3, 668. 33
422. 45
171.25
100, 040, 125
Georgia
114,806,378
393
485
7,845
3,459
2,543
1,886
2,883
3.87
2.93
5.33
2.99
2.65
2.51
1.57
15,214
14, 201
418, 303
103, 303
67, 345
47, 374
45, 189
58, 737, 567
41, 692, 504
1, 599, 035, 105
332,021,225
184,118,458
145, 617, 405
157, 007, 367
4, 408, 203
752, 433
102, 035, 920
15, 648, 048
4, 840, 561
3, 944, 602
6, 581, 929
3, 860. 76
2, 935. 89
3, 822. 67
3, 214. 05
2, 733. 96
3, 073. 78
3, 474. 46
289. 75
52.98
243. 93
151. 48
71.88
83.27
145. 65
35, 670, 319
30, 055, 255
Illinois ..
886, 304, 498
Indiana
220, 223, 179
Iowa - -
146, 099, 782
Kansas
107, 200, 663
Kentucky
97, 961, 140
Louisiana
2,122
2.06
43, 728
160, 054, 669
8, 394, 930
3, 660. 23
191.98
96, 127, 325
Maine...
853
1,674
2.94
6.31
25, 057
105, 673
88, 8.59, 221
391, 588, 573
5,181,283
21, 594, 419
3, 546. 28
3, 705. 66
206. 78
204. 35
52, 563, 819
Maryland
223, 286, 732
Massachusetts. .-
4,425
6.43
284, 320
988, 903, 808
58. 876, 192
3, 478. 14
207. 08
560, 193, 603
Michigan
4,783
5.00
239, 363
862, 577, 726
60, 302, 647
3, 603. 64
251. 93
510, 444, 649
Minnesota
2,635
3.27
86, 294
296, 978, 853
13, 676, 938
3,441.48
158.49
183, 937, 189
Mississippi
2,008
.81
Ifi, 296
54, 516, 977
1, 740, 121
3, 345. 42
106. 78
38, 439, 848
Missouri...
3,959
3.30
130, 521
462, 884, 942
24, 210, 538
3, 546. 44
185. 49
283, 230, 865
Montana
531
4.50
23, 916
68, 787, 896
1,410,820
2, 876. 23
58.99
48, 985, 473
Nebraska
1, 364
2.70
36, 887
115,137,721
3, 222, 455
3,121.36
87.36
81,929,889
100
508
7.55
3.87
7,554
19, 664
27, 045, 172
62, 819, 698
2, 226, 219
3, 059, 299
3, 580. 25
3, 194. 66
294. 71
155. 58
15, 137, 519
New Hampshire.
39, 216, 836
New Jersey
4,328
6.01
260, 328
928, 153, 400
54, 395, 019
3, 565. 32
208.95
562, 094, 591
New Mexico
422
2.66
11, 222
34, 952, 886
799, 507
3,114.68
71.24
24, 236, 457
New York
12, 935
7.55
976, 939
3, 864, 452, 725
348,687,146
3, 955. 67
356. 92
2, 083, 071, 476
North Carolina..
3,457
1.22
42, 075
156, 362, 462
10, 499, 380
3,716.28
249. 54
96, 719, 894
North Dakota...
703
1.54
10, 809
26, 705, 284
352, 260
2, 470. 65
32.59
25, 307, 640
Ohio -
6,713
2,528
4.60
2.03
308, 789
51, 277
1, 078, 986, 270
170, 786. 455
58, 476, 868
6, 632, 281
3, 494. 24
3, 330. 66
189. 37
129. 34
649, 541, 603
Oklahoma.
123, 876, 297
Oregon
1, Ol-
io, 136
3.71
4.64
37, 778
470, 511
118,000,934
1, 604, 324, 714
3,213,027
104, 979, 166
3, 125. 12
3, 409. 76
85.05
223. 12
83, 619, 283
Pennsylvania
967, 405, 342
Rhode Island
681
5.64
38, 424
141, 967, 609
10, 755, 927
3, 694. 76
279. 93
77, 913, 567
South Carolina. -
1,860
1.07
19, 975
61, 786, 752
1, 653, 997
3, 093. 20
82.80
46, 817, 065
South Dakota. __
692
1.55
10, 724
27, 755, 966
431,114
2, 588. 21
40.20
24, 203, 774
Tennessee
2, 864
1.68
48, 048
173, 317, 393
7, 342, 668
3, 607. 17
152. 82
107, 980, 134
Texas
6,117
516
380
2.56
3.15
3.21
156, 855
16, 262
12, 193
569, 444, 419
50, 926, 789
37, 146, 202
27, 265, 553
1, 458, 140
1, 195, 886
3, 630. 39
3. 131. 64
3, 046. 52
173. 82
89 67
98.08
325, 935, 563
Utah
39, 489, 607
Vermont.
25, 912, 246
Virginia. . .
2,671
1,705
2.34
5.20
62, 449
88, 640
218, 974, 309
259, 649, 969
11,790,832
7, 875, 628
3, 506. 45
2, 929. 26
188. 81
88.85
141,921,822
Washington i
175,708,612
West Virginia...
1,830
2.60
47, 527
145, 745, 636
5, 160, 600
3, 066. 59
108. 58
103, 526, 291
Wisconsin
2,908
4.27
124, 202
338,951,189
13, 615, 062
2, 729. 03
109. 62
251,658.210
Wyoming
233
4.59
10, 702
30, 326, 918
1,128,801
2, 833. 76
105. 48
22, 722, 513
Total
128, 884
4.20
5, 413, 499
19, 240, 109, 644
1, 214, 016, 803
3, 554. 10
224.26
11,372,316,193
' Includes Alaska.
84
STATISTICS OF INCOME
Table 2. — Individual returns, 1936, by net income classes: number of returns, net
income, tax, average tax and effective tax rate, personal exemption, credit for
dependents, and earned income credit
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
(Thousands of
dollars)
Number
of returns
Net income
Tax
Total
Normal
Surtax
Average
Total tax
Under 1 (est.) >
258, 474
19, 329
707, 495
585, 871
353, 789
464, 634
360, 681
212, 278
560,437
184, 356
225, 366
229,879
66, 723
207, 787
15, 171
158, 823
3,506
121, 889
749
166, 221
110, 009
73, 174
51, 708
39, 025
30, 454
24, 369
20. 101
16, 462
14, 196
45, 978
25, 089
14, 996
17, 140
9,001
5,364
3,406
2,174
1,539
1,137
2,606
909
425
210
219
111
124
54
33
9
14
4
1
$176, 860, 996
10, 251, 949
841, 730, 138
758, 907, 662
612, 680, 742
798, 090, 164
818, 954, 953
469, 819, 936
1, 521, 863, 402
514,613,682
719, 808, 034
747, 610. 388
245, 463, 380
778, 111, 166
63, 437, 258
673, 268, 753
16, 467, 226
577, 541, 790
3. 9S9. 959
908, 134, 127
711, 155, 303
546, 367, 633
4.38,156,725
369, 986, 375
319, 108, 933
279, 845, 061
2.'^0, 881, 559
222, 042, 219
205, 648, 315
792, 093, 001
559, 072. 996
409, 563, 436
589. 817, 377
401,112,049
293, 063, 844
220, 083. 726
162, 205, 465
130, 393, 989
107, 771, 028
311, 278, 573
156, 077, 681
94, 870, 784
56,981,208
75, 135, 964
49. 387, 253
76, 009, 910
46, 752, 464
38, 279, 495
14, 517, 132
35, 425, 763
(')
(2)
Under 1 (est.)
$330, 502
$330, 562
$17. 10
1-1.5 (est.) 1..
1-1.5 (est.) . .
4, 194, 719
4, 194, 719
7.16
1.5-2 (est.) 1
1.5-2 (est.)
9, 815, 549
9,815,549
21.13
2-2.5 (est.) 1
2-2.5 (est.)
7, 945, 028
7, 945, 028
37.43
2.5-3 (est.) I
2.5-3 (est.)
6, 042, 717
6, 042, 717
32.78
3-3.5 (est.) 1
3-3.5 (est.)
6, 793, 346
6, 793, 346
29.65
3.5-4 (est.) '
3.5-4 (est.)
8, 227, 462
8, 227, 462
39.60
4-^.5 (est.) 1
4-4.5 (est.)
4.5-5 (est.) '
8, 567, 485
8, 614, 372
$23, 113
63.94
4.5-5 (est.). .
8, 643, 236
8, 580, 276
62, 960
70.91
6-6 1
6-6.
16,933,441
16, 427. 217
15, 697, 366
1.5, 328, 481
14, 982, 647
14, 479, 098
14, 019, 470
13, 609, 307
12, 922, 196
12, 725, 015
57, 055, 979
50, 802, 056
45,419,316
80, 002. 806
65, 916, 538
56, 266, 595
48, 598. 391
40. 733, 712
36. 835. 176
33, 611, 146
116, 156, 238
70, 355, 339
47, 023, 783
30,001,903
42. 141. 177
29. 329, 033
47, 987, 146
30, 957, 639
26, 247, 497
10, 21,5, 700
26, 084, 814
(2)
16, 260, 884
14, 813, 626
12, 703, 372
11,038,162
9, 850, 652
8,860,841
8, 062, 365
7,423,117
6, 718, 671
6, 343. 867
25. 591, 451
19,001,612
14, 354, 163
21.251,120
14, 825, 113
10. 967, 768
8.312,083
6, 176, 160
4, 995, 027
4, 146, 626
12, 017. 906
6. 096, 573
3, 702, 846
2, 244, 965
2, 962, 919
1, 937, 284
2, 998, 437
1, 826, 076
1, 408, 248
579, 569
1, 415, 630
(')
672, 557
1, 613, 591
2, 993, 994
4, 290, 319
5,131.995
6, 618, 257
5, 957, 105
6, 186, 190
6, 203, 525
6,381.148
31. 464, 528
31, 800, 444
31, 065, 153
58, 751, 686
51,091,425
45, 298, 827
40, 286, 308
34, 557, 552
31, 840, 149
29, 464, 520
104, 138, 332
64, 258, 766
43, 320, 937
27, 756, 938
39, 178, 258
27, 391, 749
44, 988, 709
29, 131, 663
24, 779, 249
9, 636, 131
24, 669, 184
(»)
101.87
6-7..
149. 33
7-8..
214.52
8-9.-
296. 44
9-10.
383. 92
lO-U
475, 44
11-12
575. 30
12-13
677. 05
13-14
784. 97
14-15
896.38
15-20
20-25
1, 240. 94
2, 024. 87
25-30....
3, 028. 76
30-40
4, 667. 61
40-50
7, 323. 25
50-00..
60-70
10, 489. 67
14, 268. 46
70-80
18, 736. 76
80-90
23, 934. 49
90-100
29.561.25
100-150.
44, 572. 62
150-200...
77,398.61
200-250-.
250-300.
110,644.20
142, 866. 20
300-400
192. 425. 47
400-500
264, 225. 52
500-750
386, 993. 11
750-1,000
573, 289. 61
1,000-1,500
795, 378. 70
1,500-2,000
2,000-3,000
1, 135, 077. 78
1, 863. 201. 00
3,000^,000
0)
4,000-5,000.
(')
5,000 and over
Classes grouped '
19, 418, 672
14, 590, 478
776, 022
13, 814, 466
2, 918, 096. 00
Total....
5, 413, 499
19, 240, 109, 644
1,214,016,803
330, 197, 185
883, 819, 618
224. 26
2, 552, 391
2, 861, 108
5, 021, 256, 094
14, 218, 853, 550
Taxable returns
1, 214. 016, 803
330, 197, 185
883, 819, 618
424. 32
For footnote, see p. 86.
STATISTICS OF INCOME
85
Table 2. — Individual returns, 19S6, by net income classes: number of returns, net
income, tax, average tax and effective tax rate, personal exemption, credit for
dependents, and earned income credit — Continued
Net income classes
(Thousands of dollars)
Under 1 (est.)>-
Under 1 (est.)..
1-1.5 (est.)i
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.)
2.5-3 (est.)i
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4^.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)i
4.5-5 (est.)
5-6 1
5-6
6-7.
7-8.
9-10
10-11
11-12
12-13
13-14...
14-15
15-20
20-25
25-30
30-40
40-50...
50-60
60-70
70-80
80-90..
90-100
100-150
150-200
200-250
250-300
300-400.
400-500
500-7.50..
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4.000
4,000-5,000
5,000 and over..
Class grouped '.
Total.
Nontaxable returns '
Taxable returns
Tax-
Con.
Average —
Con,
Effective
tax rate
(percent)
3.22
'"."55'
'i."23'
l.(
1.50
1.8G
2.31
2.87
3.50
4.05
4.54
5.01
5.42
5.82
6.19
7.20
9.09
11.09
13.56
16.43
19.20
22.08
25.11
28.25
31.19
37.32
45. 08
49.57
52.65
56.09
59. 39
63.13
66.22
68.57
70.37
73,63
(2)
m
75.14
8.54
Personal exemption and credit for dependents
Total
$424, 234,
882,
1, 268, 527,
578, 614,
938, 035,
473, 105,
1, 002, 238,
224, 300,
1, 661, 772
311,92^
749, 127
504, 906,
245, 766,
499, 684
62, 288,
399, 133,
15, 839,
312, 709,
3, 7.36,
430, 338,
284, 318,
187, 262,
129, 534
97, 792,
75, 642,
59, 683
48, 991
40, 045,
34, 481
110,683
59, 455,
35, 163
39, 624
20, 747,
12, 488,
7, 804,
4, 896
3, 463,
2, 556,
5,861
1,995,
959
463
473.
237,
256,
121
76,
21
26,
(2)
14, 000
11, 372, 316, 193
6, 371, 567, 189
5, 000, 749, 004
Personal
exemption
$392, 974, 215
797, 192
1, 122, 601, 258
577, 761, 628
820, 637, 787
460, 760, 738
892, 809, 974
213,4.58,807
1, 399, 545, 891
305, 645, 043
563, 012, 560
482, 664, 325
166, 866, 312
451, 649, 205
37, 923, 845
347, 547, 330
8, 721, 526
266, 404, 317
1, 854, 745
358, 463, 667
235, 946, 928
154, 088, 282
107, 149, 069
80, 702, 187
62, 637, 694
49, 484, 591
40, 623, 023
33,194,960
28, 642, 893
91, 859, 370
49, 448, 972
29, 286, 814
33, 126, 022
17,331,016
10, 445, 986
6,571,625
4,110,725
2, 924, 258
2, 148, 432
4, 975, 916
1, 702, 708
833, 812
394, 208
412, 785
206, 000
230, 667
110,375
69, 292
19,500
23, 500
(2)
(2)
12, 000
9, 920, 813, 975
5,406,948,113
4, 513, 865, 862
Credit for
dependents
$31, 259, 915
85, 303
145, 926, 099
852, 465
117, 397, 484
12, 344, 623
109, 428, 27]
10, 841, 345
262, 226, 696
6, 282, 320
186,115,425
22, 242, 332
78, 900, 542
48, 035, 739
24, 364, 341
51, 585, 8?,r,
7,118,071
46. 305, 238
1, 882, 232
71, 875, 293
48, 371, 934
33, 173, 891
22, 385, 257
17,090,203
13, 005, 299
10, 199, 295
8, 368, 657
6,850,8)0
5, 838, 526
18, 824, 602
10, 006, 508
5, 876, 565
6. 498, 196
3,416,753
2, 042, 452
1,233,315
785, 533
539, 740
408, 149
885, 294
292, 461
126, 163
69, 667
60, 412
31, 434
26, 265
11, 300
7,000
1,600
3,367
(')
(')
2,000
1, 451, 502, 218
964, 619, 076
486, 883, 142
Earned
income
credit
$4, 568, 144
1, 025, 195
60, 678, 905
75, 890, 766
30, 096, 122
79, 809, 016
36, 314, 309
46, 981, 994
109, 133, 655
51, 461, 368
50, 981, 768
71,825,017
17, 708, 627
71, 438, 342
4, 416, 231
59, 181, 303
1, 136, 205
48, 993, 446
234, 634
73, 950, 612
54, 354, 249
39, 464, 064
30, 128, 113
24, 381, 038
20, 268, 178
17, 150, 440
14, 914, 296
12, 792, 109
11,488,527
37, 534, 440
21, 297, 413
12,787,298
14, 759, 369
7, 857, 684
4, 729, 056
3,045,936
1, 930, 942
1, 344, 145
985, 604
2, 266, 020
779, 865
369, 161
167, 508
170, 690
85, 133
85, 573
39,464
23, 945
6,800
7,971
(•)
(')
4,145
1, 231, 043, 715
315, 268, 580
915, 775, 135
' Nontaxable returns. Specific ex'emptions from normal tax and surtax exceed net income. A negligible
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately.
Classes grouped to conceal identity of taxpayer.
86
STATISTICS OF INCOME
Table 3. — Individual returns, 1936, by net income classes: simple and cumulative
distribution of number of returns, net income and tax, and percentages
[Net income classes and money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Returns
Net income classes
Simple distribution
Cumulative distri-
bution from high-
est income class
Cumulative distri-
bution from lowest
income class
Number
Percent of
total
Number
Percent of
total
Number
Percent of
total
Under 1 (est.) .. -
277, 803
2,111,789
1,317,752
729, 755
299, 3S9
166, 970
110, 009
73, 174
51, 708
39. 025
30, 454
24, 369
20, 101
16, 462
14, 196
45, 978
25, 089
14, 996
17, 140
9,001
5,364
3,406
2,174
1,539
1,137
2,606
909
425
210
219
111
124
54
33
9
14
4
1
5.13
39.01
24.34
13.48
5.53
3.09
2.03
1.35
.96
.72
.56
.45
.37
.30
.26
.85
.46
.28
.32
.17
.10
.06
.04
.03
.02
.05
.02
.01
(')
(')
(')
0)
(')
(')
(')
(')
(')
(>)
5, 413, 499
5, 135, 696
3, 023, 907
1, 706, 155
976, 400
677,011
510,041
400, 032
326, 858
275, 150
236, 125
205, 671
181, 302
161,201
144, 739
130, 543
84, 565
59, 476
44, 480
27, 340
18, 339
12, 975
9,569
7,395
5,856
4,719
2,113
1,204
779
569
350
239
115
61
28
19
5
1
100. 00
94.87
55.86
31.52
18.04
12.51
9.42
7.39
6.04
5.08
4.36
3.80
3.35
2.98
2.68
2.42
1.57
1.11
.83
.51
.34
.24
.18
.14
.11
.09
.04
.02
.01
.01
.01
0)
(■)
(')
0)
0)
0)
0)
277, 803
2, 389, 592
3, 707, 344
4, 437, 099
4, 736, 488
4, 903, 458
5, 013, 467
5.086,641
5, 138, 349
5, 177, 374
5. 207, 828
5, 232, 197
5, 252, 298
5, 268, 760
5, 282, 956
5, 328, 934
5, 354, 023
5,369,019
5,386,159
5,395, i 60
5, 400, 524
5, 403, 930
5. 406, 104
5. 407, 643
5, 408, 780
5,411,386
5,412.295
5, 412, 720
5,412.930
5, 413, 149
5, 413, 260
5, 413, 384
5,413.438
5,413,471
5, 413, 480
5, 413, 494
5,413,498
5,413,499
5.13
1-2 (est.)..
44.14
2-3 (est.)
68. 4S
3-4 fest.)
81.96
4-5 (est.)
87.49
5-6- -.- --
90.58
6-7
92.61
7-8
93.96
8-9
94.92
9-10
95.64
10-11 - -
96.20
11-12 .-
96.65
12-13 -
97.02
13-14
97.32
14-15
97.58
15-20
98.4a
20-25
98.89
25-30 ....
99.17
30-40 -
99.49
40-50
99.66
50-60
99.76
60-70
70-80 -
99.82
99.86
80-90
99.89
90-100
99.91
100-150
99.96
150-200
99.98
200-250
99.99
250-300 .
99.99
300-400
99.99
400-500
99.99
500-750
99.99
750-l,000_
99.99
1,000-1,500
99.99
1,500-2,000 -.
99.99
2,000-3,000
99.99
3,000-4,000 ..
99.99
4,000-5,000..
100. 00
Total . — -
5, 413, 499
100. 00
For footnotes, see p. 88.
STATISTICS OF INCOME 87
Table 3. — Individual returns, 1936, by net income classes: simple and cumulative
distribution of number of returns, net income and tax, and percentages — Contd.
[Net income classes and money figures in thousands of dollars]
Net income classes
Net income
Simple distribution
Amount
Percent of
total
Cumulative distri-
bution from high-
est income class
Amount
Percent of
total
Cumulative distri-
bution from lowest
income class
Amount
Percent of
total
Under 1 (est.)-
1-2 (est.)
2-3 (est.)
3-4 (est.)
4-5 (est.)
5-6
6-7
7-8..- -.
9-10
1(M1
11-12
12-13
13-14
14-15
15-20
20-25
25-30.
30-40
40-50
50-60
60-70....
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400.
400-500
500-7.'^0
750-1,000..
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000.
4,000-5,000
5,000 and over
Classes grouped 2.
Total
187. 113
3, 01 1, 409
3, 325, 252
2, 490, 993
1, 330, 715
912, 124
711, 155
546, 368
438, 157
369, 986
319, 109
279, 845
250, 881
222, 042
205, 648
792, 093
559, 073
409, 563
.589, 817
401, 112
293, 064
220, 084
162, 205
130, 394
107, 771
311, 279
156, 078
94, 871
56, 981
75, 136
49, 387
76, 010
46, 752
38, 279
14, 517
35, 426
(2)
(2)
0.97
1.5. 65
17.28
12.95
6.92
4.74
3.70
2.84
2.28
1.92
1.66
1.45
1.30
1.15
1.07
4.12
2.91
2.13
3.07
2.08
1.52
1.14
.84
.68
.56
1.62
.81
.49
.30
.39
.26
.40
.24
.20
.18
19, 240. 110
19, 052, 997
16, 041, 588
12, 716, 336
10, 225, 343
8, 894, 628
7, 982, 504
7, 271, 349
6, 724, 981
6, 286, 824
5, 916, 838
5, 597, 729
5, 317, 884
5, 067, 002
4. 844, 960
4, 6.39, 312
3, 847, 219
3, 288, 146
2, 878, 582
2, 288, 765
1, 887, 653
1, 594, 589
1, 374, 505
1, 212, 300
1, 081, 906
974, 135
662, 856
506, 779
411, 908
354, 927
279, 791
230, 403
154, 394
107, 641
69, 362
54,844
(2)
(2)
100.00
99.03
83.38
66.10
53.15
46.23
41.49
37.79
34.95
32.67
30.75
29.09
27.64
26.34
25.19
24.12
20.00
17.09
14.96
11.89
9.81
8.29
7.15
6.31
5.63
5.07
3.45
2.64
2.15
1.85
1.46
1.20
.56
.36
187, 113
3, 198, 522
6, 523, 774
9, 014, 767
10, 345, 482
11,257,606
11,968,761
12, 515, 129
12, 953, 285
13. 323, 272
13, 642, 381
13, 922, 226
14, 173, 103
14, 395, 150
14, 600, 798
15, 392, 891
15,951,964
16, 361, 527
16, 951, 345
17, 352, 457
17, 645, 521
17, 865, 604
18, 027, 810
18, 158, 204
18, 265, 975
18, 577, 253
18, 733, 331
18, 828, 202
18, 885, 183
18, 960, 319
19, 009, 706
19, 085, 716
19, 132, 469
19, 170, 748
19, 185, 265
19, 220, 691
(2)
(2)
19, 419
.10
19, 419
19, 240, 110
19, 240, 110
100.00
0.97
16.62
33.90
46.85
53.77
58.51
62.21
65.05
67.33
69.25
70.91
72.36
73.66
74.81
75.88
80.00
82.91
85.04
88.11
90.19
91.71
92.85
93.69
94.37
94.93
96.55
97.36
97.85
98.15
98.54
98.80
99.20
99.44
99.64
99.72
99.90
(2)
100.00
For footnotes, see p.
88
STATISTICS OF INCOME
Table 3. — Individual returns, 1936, by net income classes: simple and cumulative
distribution of number of returns, net income and tax, and percentages — Contd,
[Net income classes and money figures in thousands of dollars]
Tax
Net income classes
Simple distribution
Cumulative distri-
bution from liigh-
est income class
Cumulative distri-
bution from lowest
income class
Amount
Percent of
total
Amount
Percent of
total
Amount
Percent of
total
Under 1 (est.)
331
14,010
13, 988
15,021
17,211
16, 933
16, 427
15, 697
15, 328
14, 983
14, 479
14,019
13, 609
12, 922
12, 725
67, 056
50, 802
4.5, 419
80. 003
65.917
56, 267
48, 598
40, 734
36, 835
33, 611
116, 156
70, 355
47. 024
30. 002
42, 141
29, 329
47, 987
30, 958
26, 247
10,216
26, 085
(2)
(2)
0.03
1.15
1.15
1.24
1.42
1.40
1.35
1.29
1.26
1.24
1.19
1.15
1.12
1.06
1.05
4.70
4.19
3.74
6.59
5.43
4.64
4.00
3.36
3.03
2.77
9.57
5.80
3.87
2.47
3.47
2.42
3.95
2.55
2.16
.84
2.16
0)
1,214,017
1,213,686
1, 199, 676
1, 185. 688
1, 170, 667
1, 153, 4,57
1, 136, 523
1,120,096
1, 104, 399
1, 089, 070
1, 074, 088
1, 059, 608
1, 045. 589
1,031,980
1,019,0.57
1, 006, 332
949, 276
898, 474
853, 055
773, 0.52
707, 136
650, 869
602, 271
561,537
524, 702
491, 091
374,935
304, 579
257, 555
227, 553
185, 412
156, 083
108, 096
77, 138
50, 891
40, 675
(2)
100. 00
99.97
98.82
97.67
96.43
95.01
93.61
92.26
90.97
89.71
88.47
87.28
86.13
85.01
83.95
82.90
78. 20
74.01
70.27
63.68
58.25
53.61
49.61
46.25
43.22
40.45
30.88
25.08
21.21
18.74
15.27
12.85
8.90
6.35
4.19
3.36
(»)
(»)
331
14, 341
28, 329
43, 349
60, 560
77, 494
93, 921
109, 618
124, 947
139, 929
154,408
168. 428
182,037
194, 959
207, 684
264, 740
315, 542
360. 962
440, 964
606, 881
563, 148
611,746
652, 480
689, 315
722, 926
8.39, 082
909, 438
956, 461
986, 463
1, 028, 604
1, 057, 934
1, 105, 921
1, 136, 878
1, 163, 126
1,173,342
1, 199, 426
(^)
0.03
1-2 (est.)
1.18
2-3 (est )
2.33
3-4 (est.)
3.57
4-5 (est.)
4.99
6-8 - --
6.39
6-7 -
7.74
7-8 --
9.03
8-9
10.29
9-10
11.53
10-11
12.72
11-12
13.87
12-13 -
14.99
13-14
16.05
14-15
17.10
16-20
21.80
20-25
25.99
25-30
29.73
30-40
36.32
40-50
41.75
50-60 -
46.39
60-70
60.39
70-80
53.75
80-90
56.78
eO-100
59.55
100-150
69.12
150-200
74.92
200-250
78.79
250-300
81.26
300-400
84.73
400-500
87.15
600-750...
91.10
750-1,000
93.65
1,000-1,.500
95.81
96.65
2,000-3,000
98.80
O
4,000-5,000
h
6 000 and over
Classes grouped '
14, 590
1.20
14,590
1.20
1,214,017
100.00
Total
1,214,017
100.00
• Less than one-hundredth of 1 percent,
' Classes grouped to conceal identity of taxpayer.
STATISTICS OF INCOME
89
Table 4. — Individual returns, 1936, by States and Territories and by sex and family
relationship: number of returns and net income
[Money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
States and Territories
Joint returns of hus-
bands, wives, and
dependent c h i 1 -
dren, and returns
of either husband
or wife when no
other return is filed
Number
of re-
turns
Net in-
come
Separate returns of husbands and wives
Men'
Number
of re-
turns
Net in-
come
Women '
Number
of re-
turns
Net in-
come
Heads of families
Single men, and
married men not
living with
wives
Number
of re-
turns
Net in-
come
Alabama
Arizona.
Arkansas.
California
Colorado
Connecticut
Delaware ■
District of Columbia. . .
Florida..
Georgia.
Hawaii
Idaho
Illinois
Indiana —
Iowa .-
Kansas...
Kentucky
Louisiana.-
Maine.--
Maryland
Massachusetts
Michigan
Minnesota -
Mississippi
Missouri
Montana
Nebraska
Nevada-
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma.
Oregon.. -
Pennsylvania
Rhode Island..
South Carolina
South Dakota
Tennessee.
Texas
Utah..
Vermont
Virginia
Washington '
West Virginia
Wisconsin
Wyoming
Total 2,392,833
17, GOl
7, 935
10, 338
162, 269
20, 418
42, 069
6,006
35, 263
23. 939
26, 981
7,375
6.242
189, 296
49, 594
35, 219
27, 487
21, 828
18, 397
11,118
49, 442
105, 362
111, 176
41,512
9,783
63, 067
10, 177
19, 655
3, 154
8,310
116, 837
5, 320
428, 798
22, 578
6,473
135, 096
31,969
18,845
193, 621
14, 484
10, 901
6, 035
25, 228
68, 266
9, 268
5, 084
32, 976
36, 368
21, 646
56, 731
5, 296
68, 407
24, 093
41, 724
540, 348
80, 075
176, 670
28, 146
146, 108
103, 390
109, 076
28,303
20, 133
825, 045
190, 770
111,384
94, 155
87, 325
58,911
43, 345
207, 937
412, 727
462, 596
164, 184
35, 825
249, 191
39, 213
72. 591
10. 676
30, 575
478, 932
16, 670
1, 736, 426
88, 477
18,514
560, 621
110, 745
73, 619
764, 247
60, 493
39, 212
18,512
105, 022
214, 930
32, 314
19, 528
126, 369
115, 567
80, 410
179, 836
18, 072
9, 321, 442
565
710
411
11,683
1,055
3,417
588
2,451
1,635
1,299
418
675
11,117
2,092
1,248
970
1,106
1, 583
741
3,186
9,896
4,652
1,867
437
3,132
338
698
248
570
7,272
555
31, 727
1,373
153
7,407
1, 452
778
10, 074
952
491
130
1,163
8,720
421
258
1,518
2,831
923
3,227
151
7,221
2,575
4,100
58, 815
15, 836
62, 804
30, 369
23, 857
26, 032
18, 192
7,845
2,205
193, 405
30, 166
12, 906
10, 376
14, 787
5,297
9,994
38, 920
129, 420
94, 078
32, 433
4,308
62, 164
3,167
7,952
2,483
6,811
102,947
1,772
581,097
20,216
1,089
109, 482
16, 093
8,515
174, 398
17, 747
4,701
1,242
14, 305
26, 350
4,391
2, 553
19, 492
10, 284
10, 543
83,916
2. 113
629
739
384
12, 005
902
3,539
512
2,365
1,444
1,359
314
633
9,597
1,664
1,074
782
902
1,534
722
2,489
8,926
3,931
1,761
421
2,751
425
599
240
495
6,975
531
27, 695
1,362
134
6,063
1,266
629
9,241
880
508
135
1,161
8,412
266
205
1,031
2,820
826
2,802
131
3,330
2, 610
2,170
50, 366
6,025
32, 796
10, 676
12, 290
13, 972
8,442
2,877
1,992
72, 768
12, 020
5,171
4,114
5,318
4,935
4.370
17, 962
55, 442
33, 741
12, 495
1,761
19, 683
1,354
2,718
1,137
3,296
49. 254
1,600
245, 929
8,773
484
48, 342
7,087
3,451
75, 619
9,025
1,756
432
5,814
25, 368
1,727
1,349
9,736
8,997
4,516
11, 978
607
1,611
512
759
24, 291
2,410
8,816
695
3,758
2,235
2,850
1,084
668
30, 595
6.608
3,168
2,075
3,069
3,530
1,815
5,829
19, 430
17, 335
5,108
720
10, 832
1, 854
1,689
356
1,006
22, 684
503
70, 284
2,113
408
25, 107
2,119
2,761
41,726
3,515
1,087
540
2,665
6,190
997
1,032
4,594
4,122
3,907
5,874
483
671
446
252
293
716
735
898
073
039
125
619
528
335
313
142
914
329
605
291
646
330
259
659
255
152
878
611
147
254
769
283
135
773
999
357
262
981
477
212
816
240
232
436
284
285
679
434
497
079
232
150, 364
2, 071, 764
136, 211
927, 683
367, 419
957, 966
For footnotes, see p. 91.
90
STATISTICS OF INCOME
Table 4. — Individual returns, 19S6j by States and Territories and by sex and family
relationship: number of returns and net income — Continued
[Money figures in thousands of dollars]
States and Territories
Heads of families
Single women and
married women
not living with
husbands
Number
of returns
Net in-
come
Not heads of families
Single men and mar-
ried men not living
with wives
Number of
of returns
Net income
Single women and
married women not
living with hus-
bands
Number
ofreturns
Net income
Alabama
Arizona -.
Arkansas
California- -..
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho.
Illinois
Indiana.
Iowa. --.
Kansas
Kentucky.
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas.
Utah
Vermont .—
Virginia
"Washington '
West Virginia.
Wisconsin
Wyoming
Total
939
311
516
16, 668
1, 138
4,771
503
5,898
1,615
1,972
360
309
15. 771
2,714
1,841
1,675
1.900
2,183
715
3,375
12, 425
4,857
2,326
459
4,290
513
1,227
143
697
11,531
283
43, 884
1,569
240
10, 805
1,548
1,250
17, 876
1,591
678
187
1,709
4,902
460
604
2,190
2,046
1,056
2.820
195
2,167
887
1,334
43, 435
3,535
14, 250
2,607
12,975
6,392
4,823
1,432
677
39, 635
5,875
3,338
3,137
4,478
5,805
2,007
9,590
28, 931
13, 052
5,944
1,184
10, 321
1,089
2,446
438
1,818
28,669
712
119, 381
4,154
472
24, 846
3,342
2,392
48, 000
4,599
1,609
351
4,037
12, 972
997
1,188
5,486
4,671
3,287
6,274
549
6,923
4,015
2,481
116, 648
9,418
35, 972
2,855
24, 388
7,238
7,748
3,829
3,751
102, 040
29, 716
15, 245
8,641
9,493
8,014
5,504
25,402
63, 196
71, 578
21, 450
2,852
28, 127
8, 354
7,447
2,552
4,637
53, 825
2,161
210, 046
6,680
2,208
82, 716
8,071
9,431
131, 500
10, 051
3,524
2,383
9,430
30, 305
3,348
2,841
12, 455
25, 074
15, 086
35, 252
3,756
13,300
7,947
5,718
233, 930
19, 095
68, 470
9,232
53,597
19, 301
16, 889
7,725
6,592
228, 739
52, 966
26, 384
17, 798
20, 918
18, 225
11,968
57, 892
141,408
145, 764
39, 972
5,811
59, 767
15, 585
14, 921
5,247
8,718
110, 067
4,545
486, 380
14, 547
3,443
167, 741
16, 891
16, 158
259, 377
20, 164
6,637
3,948
21, 251
65, 886
5,868
5,322
27, 977
43. 475
27, 936
58, 949
6,409
199, 535
511,590
1, 299, 657
2, 706, 848
3,191
1,625
1,587
63, 637
4,576
21,918
2,169
32, 356
5,562
6,952
1,733
1,174
56, 122
10, 291
8,723
5,324
6,482
4,579
4,115
15, 218
61, 137
24, 207
11, 559
1,537
17,282
2, 163
5,295
454
3,633
39, 338
1,202
153, 079
6,094
1,127
39, 349
4, 491
3,836
62, 574
6,245
2,615
1,220
6.291
15,614
1,397
2,055
7,272
10, 570
3,774
16, 327
621
6,277
2,853
3,373
149, 232
12,688
55, 462
7,380
64, 250
18. 498
13,668
6, 777
2,035
124, 745
20, 587
15, 447
9,943
14, 064
9,966
11,369
35,512
142, 803
55, 330
22, 762
3,078
37, 939
4,222
9,129
1,222
8,102
86, 486
2,453
393, 709
11, 749
1,558
89, 526
8,677
6,994
154, 030
17, 821
4,544
1,831
12,005
33, 666
2,762
4,400
16, 172
19, 455
8,947
29, 151
1,178
769, 692
1, 775, 820
For footnotes, see p. 91.
STATISTICS OF INCOME
91
Table 4. — Individual returns, 19S6, hy States and Territories and by sex and family
relationship: number of returns and net income — Continued
[Money figures in thousands of dollars]
States and Territories
Community prop-
erty returns »
Number
of returns
Net in-
come
Estates and trusts
Number
of returns
Net in-
come
Orand total
Number of
returns
Net income
Alabama
Arizona
Arkansas
California
Colorado
C onnecticut
Delaware
District of Columbia.
Florida
■Georgia
Hawaii
Idaho
Illinois.
Indiana
Iowa
Kansas
Kentucky
Louisiana.
Maine.
Maryland-
Massachusetts - - .
Michigan. —
Minnesota
Mississippi
Missouri.
Montana
Nebraska.
Nevada..
New Hampshire
New Jersey.
TSTew Mexico
New York
North Carolina
North Dakota.
Ohio
Oklahoma
Oregon.
Pennsylvania..
Rhode Island
South Carolina
South Dakota
"Tennessee
Texas...
Utah_
Vermont.
Virginia.
Washington •
West Virginia
Wisconsin
Wyoming
8,696
25,483
336,959
678
6,277
3,793
47, 743
390
4,654
608
5,710
13,203
164, 759
4,268
45,328
253
107
111
3,444
415
1,303
411
384
380
351
101
71
3,765
624
827
420
409
115
327
732
3,948
1,627
711
87
1,040
92
277
17
316
1,866
59
11,428
306
66
2,246
361
248
3,899
706
171
94
401
1,243
105
114
413
541
309
1,169
69
1,274
331
486
18,220
2,527
7,919
5,386
2,318
3,081
2,420
1,160
253
30, 363
3,322
2,346
1,180
1,788
567
1,516
6,129
27,844
15, 758
5,530
292
7,669
280
771
42
1,246
13, 029
208
100, 395
1,675
147
19, 072
1,700
951
30, 177
3,906
512
199
2,650
8,078
583
521
2,062
2.440
1,610
4,767
166
31, 712
16,842
16, 587
436, 128
40, 332
121, 805
13, 739
106, 863
44,048
49, 512
15, 214
14,201
418, 303
103,303
67. 345
47, 374
45, 189
43,728
25, 057
105, 673
284,320
239, 363
86, 294
16, 296
130, 521
23,916
36, 887
7,554
19, 664
260, 328
11, 222
976. 939
42, 075
10,809
308, 789
51,277
37, 778
470, 511
38,424
19, 975
10,724
48, 048
156, 855
16, 262
12, 193
62,449
88,640
47, 527
124, 202
10, 702
Total.
49, 311
620, 126
8,477
346, 870
5, 413, 499
106,648
61,444
61, 157
1, 494, 599
146, 499
439, 106
96, 695
327, 468
197, 705
181, 626
68,738
41, 693
1, 599, 035
332, 021
184, 118
145, 617
157, 007
160, 055
88, 859
391, 589
988, 904
862, 578
296, 979
54, 517
462, 885
68, 788
115, 138
27, 045
62, 820
928, 153
34, 953
3, 864, 453
156, 362
26, 705
1, 078, 986
170. 786
118.061
1, 604, 325
141, 968
61, 787
27, 756
173, 317
669,444
50, 927
37, 146
218, 974
259, 650
145, 746
338, 951
30, 327
19, 240, 110
1 Includes Alaska.
' An unequal number of separate returns of husbands and wives results from the use of the sample method
■for returns with net income under $5,000, as the net income of one spouse may be $5,000 or over and that of
■the other spouse under $5,000 (see discussion of sample, p. 2).
' See text, p. 6.
aiSltJT— 38-
92
STATISTICS OF INCOME
Table 5. — Individual returns, 1936, by net income classes and by sex and family
relationship: number of returns and net income
[Net income classes and money figures in thousands of dollars]
[For text defining certain items and describing mettiods of tabulating and estimating data, see pp. 1-5]
Net Income classes
Under 1 fest.)>-
Under 1 (est.)..
1-1.5 (est.)i
1-1.5 (est.)
1.5-2 (est.)i..-.
l.E-2 (est.)
2-2.5 (est.)i
2-2.5 (est.)
2.5-3 (est.)'
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)'
4.5-5 (est.)
6-6'
&-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13 •
13-14
14-15 ■
15-20.
20-25.
25-30
30-40.
40-50
50-60
60-70
70-80
80-90.
90-100..
100-150
150-200.
200-250
260-300
300-400..
400-500
500-750...
750-1,000
1,000-1,500
1,500-2,000-
2,000-3,000
3,000-4,000
4,000-5,000-
6,000 and over
Classes grouped *.
Total-
Joint returns of hus-
bands, wives, and
dependent children
and returns of ei-
ther husband or
wife when no other
return is filed
Number
of returns
76,
109,
1,
156,
4,
265,
5,
511,
78.
209,
157,
63,
150,
14,
115,
3,
88,
115,
72,
44,
29,
21,
16,
12,
9,
7,
6,
19,
9,
4,
4,
2,
1,
Nontaxable returns ' .
Taxable returns
382
378
342
619
188
886
758
894
915
606
674
827
352
088
532
738
292
026
680
006
621
697
866
588
112
317
748
656
546
343
094
741
547
086
065
568
317
205
127
259
75
35
13
11
3
5
2
3
Net
income
2, 392, 833
1,411,115
981, 718
45, 935
224
139, 031
2,180
274, 857
8,689
608, 401
13, 270
1, 390, 634
225, 787
669, 888
514, 147
233, 065
562, 301
60, 742
490, 644
15, 462
417, 037
3,620
627. 919
469, 086
333, 528
252. 920
204, 569
168, 772
141,397
121,625
103, 267
94, 827
331, 978
202, 040
129, 386
155, 698
92,611
57, 989
36, 742
23, 642
17, 420
12,005
30, 529
12, 881
7,779
3,513
3,821
1,302
3,092
(')
(*)
Separate returns of husbands and
wives
Men >
Number
of
returns
5,193
9. 321, 442
3,441,6.35
5, 879, 807
4,007
1,662
4.928
2,577
3,837
4,651
3,953
5,685
4,938
5,793
1,960
7,133
493
7,878
72
7,110
50
5,996
I 7
6,969
6,658
5,844
5,021
4,365
3,846
3,246
2,929
2,658
2,384
8,752
5,848
3,860
5,089
2,991
1,932
1,303
828
615
466
1,112
389
187
86
95
47
56
29
14
5
6
3
1
Net
income
150, 364
24, 245
126, 119
2,412
980
6,104
3,355
6,601
8,196
8,947
12, 764
13, 407
16, 002
6,262
23, 225
1,820
29, 548
302
30,217
234
28, 433
38
38, 327
43, 272
43,713
42, 628
41,431
40, 336
37, 320
36, 574
35, 871
34,519
151,633
130. 617
105, 609
175. 737
133, 574
105, 544
84, 295
61,781
52, 020
44, 180
133, 550
66, 730
41,811
23, 199
32, 753
20, 827
34, 837
25, 387
16, 209
8,105
14, 824
(*)
(*)
Women '
Number
of
returns
15, 701
2, 071, 764
46, 127
2, 025, 637
6,042
16,718
6,297
9,987
2,074
10, 726
848
9,464
475
8,141
159
7,543
64
8,112
37
6,867
17
5,646
8
5,349
4,201
3,294
2,638
2,190
1,783
1,563
1,393
1,137
998
3,669
2,252
1,453
1,824
1,011
629
369
246
195
157
345
108
67
24
34
17
21
9
6
2
1
1
Net
income
136,211
16, 021
120, 190
3,495
8,690
7,563
12, 519
3, 528
18, 670
1.886
21, 192
1,274
22, 336
502
24, 510
244
30, 440
158
29, 102
79
26, 729
43
29, 266
27, 209
24, 640
22, 374
20, 789
18, 684
17, 946
17,394
15, 347
14,461
63, 245
50, 292
39, 663
62.971
44, 983
34, 408
23, 844
18, 332
16, 521
14, 875
41,343
18, 499
15,112
6, 475
11,513
7,679
12, 728
7.489
7,019
(')
(*)
Heads of
families
Single men and
married men not
living with wives
Number
of
returns
9,626
927, 683
18, 770
908, 913
8,226
7
94, 161
72
102, 063
258
63, 782
382
32, 868
3,543
10, 890
7.537
2,223
8,090
406
5,904
98
4,488
28
5,609
3,646
2,585
1,761
1,315
1,060
871
665
549
495
1,455
759
429
505
243
131
100
60
30
27
52
25
8
5
4
3
1
Net
income
367, 419
314, 745
52, 674
For footnotes, see p.
STATISTICS OF INCOME
93
Table 5. — Individual returns, 1936, by net income classes and by sex and family
relationship: number of returns and net income — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
Heads of families-
Continued
Single women and
married women
not living with
husbands
Not heads of famUies
Number
of
returns
Net
income
Single men and mar-
ried men not living
with wives
Number
of returns
Net
income
Single women and
married women not
living with hus-
bands
Number
of
returns
Net
income
Under 1 (est.)'--.
Under 1 (est.)....
1-1.5 (est. )i
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i ,
2-2.5 (est.)
2.5-3 (est.)'
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)i
4.5-5 (est.) ,
5-6' ,
5-6 -
6-7
7-8.
8-9..
9-10.
10-11
11-12
12-13
13-14
14-15
16-20....
20-25.... ,
25-30....
30-40
40-50..-.
50-60..-
60-70....
70-80
80-90...
90-100....
100-150 ,
150-200....
200-250
250-300
300-400
400-500 ,
500-750.. ,
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000.:
4,000-5,000 ,
5,000 and over...
Classes grouped ■
Total.
Nontaxable returns '.
Taxable returns
7,353
19
79, 643
499
51, 950
158
22, 381
174
9,223
1,316
2,469
2,886
512
3,098
86
2,367
29
2,045
21
2,783
1,945
1,418
1,063
853
710
647
430
363
307
1,083
544
356
345
180
110
78
38
30
25
54
20
6
5
3
2
4
5,035
13
100, 808
648
88,823
288
49, 575
390
24, 988
3,737
7.833
9,485
1, 876
11,617
364
10, 055
136
9,678
111
15, 223
12,577
10, 592
9,028
8,089
7,439
6,283
5.370
4,901
4,455
18, 691
12, 114
9. 748
11, 927
8,031
6,025
5,025
2,851
2,514
2,369
6,368
3,480
1,329
1,303
1,005
2,373
3,906
77, 140
174
232, 360
361, 706
26, 785
298, 900
2,971
131, 615
787
65, 356
118
28, 895
31
17,443
6
11, 663
5
8,775
1
9,873
6,566
4,729
3,510
2,663
2,116
1,793
1,407
1,198
998
3,307
1,856
1,225
1,343
697
428
309
206
129
108
246
88
44
29
27
11
13
4
2
56,809
110
263, 791
469, 488
44, 783
613, 406
6,456
290, 578
2,104
150, 365
380
93,237
114
65, 174
26
49, 310
23
41, 568
6
63, 962
42, 483
35,312
29, 756
25. 276
22, 192
20,614
17, 560
16, 151
14, 467
57, 142
41, 470
33, 391
46, 165
31, 167
23, 376
19, 892
15, 358
10.909
10, 263
29,544
15, 170
9,800
7.903
8,943
4,797
7,932
3,740
(*)
0)
68, 481
371
180, 126
203, 035
10, 742
140, 370
923
55, 722
209
29, 057
72
16,281
31
11,571
27
7,779
11
6,714
2
7,402
5,209
3,842
2,906
2,285
1,817
1,692
1,316
1,138
994
3,384
1,996
1,289
1,488
773
436
315
231
159
102
262
106
42
30
20
15
12
2
3
1
1
3.116
4,387
199, 535
511,590
1, 299, 657
2, 706, 848
769, 692
173, 667
25, 868
279, 549
232,041
340, 204
959, 453
374, 492
2, 332, 356
260, 624
509, 068
52, 181
232
202, 878
262, 719
17, 531
240, 292
2,028
123, 249
578
79, 246
232
62, 555
116
43, 186
111
32, 976
54
27,088
11
40,473
33,695
28,716
24,642
21, 680
19, 037
18, 274
16, 438
15, 358
14, 402
58, 435
44,545
35, 239
61, 346
34. 46a
23,896
20, 337
17, 276
13, 552
9,698
31,154
18, 326
9,369
8,177
6,845
6,733
7,306
(«)
3,236
{*)
(•)
5,911
1, 775, 820
275, 721
1, 500. 100
Syjt footaotes, see p. 94,
94
STATISTICS OF INCOME
Table "'5. — Individual returns, 1936, by net income classes and by sex and family
relationship: number of returns and net income — Continued
[Net income classes and money figures in thousands of dollars]
Community prop-
erty returns ^
Estates and trusts
Grand total
Number
of returns
Net in-
come
Number
of returns
Net in-
come
Number of
returns
Net income
Under 1 (est.)'
10, 843
5,486
258,474
19, 329
707, 495
585, 871
353, 789
464, 634
360, 681
212, 278
560, 437
184, 356
225, 366
229, 879
66, 723
207, 787
15, 171
158, 823
3,506
121, 889
749
166, 221
110,009
73, 174
51, 708
39, 025
30, 454
24. 369
20, 101
16, 462
14, 196
45, 978
25, 089
14, 996
17, 140
9,001
5,364
3,406
2,174
1, 539
1,137
2,606
909
425
210
219
111
124
54
33
9
14
4
1
176, 8fil
10, 252
841, 730
Under 1 (est.)
1-1.5 (est.)!
638
6,376
150
4,685
65
3,342
22
2.544
24
1,777
17
1,607
5
1,395
4
1,199
728
7,901
256
8,093
139
7,506
62
6,968
78
5,730
65
5,659
22
5,899
19
5,705
1-1.5 (est.)
758, 908
1.5-2 (est.)i
612, 681
1.5-2 (est.)
798, 090
2-2.5 (est.)'
818, 955
2-2.5 (est.)
469, 820
2.5-3 (est.)'.
1, 521, 863
2.5-3 (est.)
514, 614
3-3.5 (est.)'
719, 808
3-3.5 (est.)
747, 610
3.5-4 (est.)i..
245, 463
3.5-4 (est.)
778,111
4-4.5 (est.)i
63, 437
4-4.5 (est.)
673, 269
4.5-5 (est.)'
16, 467
4.5-5 (est.)
577, 542
6-61
2
11, 192
7,586
5,540
3,974
2,928
2,308
1,885
1,653
1, 353
1,072
3,591
1,979
1,150
1,353
r.22
390
215
158
97
50
135
38
15
7
10
5
1
2
11
61, 179
49, 055
41, 384
33, 682
27, 759
24, 195
21, 651
20, 626
18, 232
15,511
61, 943
44, 079
31,318
46, 398
27, 750
21,396
13, 842
11,767
8,204
4, 764
15, 894
6,506
3,268
1,899
3,494
2,233
(*)
(0
3,990
5-6
2,038
1,577
1,225
969
838
702
555
560
410
402
1,394
761
493
646
398
243
149
90
79
75
141
60
21
11
15
8
11
6
2
1
4
11,148
10, 213
9,171
8,220
7,950
7,341
6,369
6,988
5,524
5,827
23, 981
16, 986
13, 493
22, 246
17,735
13, 302
9,565
6,716
6,723
7,066
16, 831
10, 115
4,633
3,095
5,274
3,576
6,659
5,289
W
10, 701
90S, 134
6-7 ..
711, 155
7-8
546, 368
8-9
438, 157
9-10
369, 986
10-11
319, 109
11-12
279, 845
12-13
250, 882
13-14 „
222, 042
14-15
205, 648
792, 093
20-25
559, 073
409, 503
30-40
589, 817
401.112
50-60
293, 064
220, 084
70-80
162, 205
130, 394
90-100
107, 771
311, 279
150-200
156, 078
94, 871
250-300
56, 981
75, 136
400-500
49, 387
76, 009
750-1,000
46, 752
38, 279
1,500-2,000
14,517
35, 426
3,000-4,000
(*)
(<)
2,086
3,817
19, 419
Total
49,311
620, 126
48, 477
346, 870
5, 413, 499
19, 240, 110
Nontaxable returns '
2
49, 309
11
620, 115
11, 768
36, 709
6,855
340, 015
2, 552, 391
2, 861, 108
5, 021, 256
Taxable returns
14, 218, 854
1 Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately.
2 An unequal number of separate returns of husbands and wives results from tlie use of the sample method
for returns with net income under $5,000, as the net income of one spouse may be $5,000 or over and that of
the other spouse under $5,000 (see discussion of sample, p. 2).
' See text, p. 6.
« Classes grouped to conceal identity of taxpayer.
STATISTICS OF INCOME
95
Table 6. — Individual returns, 1936, by States and Territories: sources of income and
deductions, and net income
[Thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5J
States and Territories
Alabama
Arizona
Arkansas
California
Colorado.
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Dlinois.
Indiana
Iowa.
Kansas...
Kentucky.
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada..
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon_
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas^.
Utah
Vermont
Virginia
Washington »
West Virginia.
Wisconsin
Wyoming
Sources of income
Dividends
wages,
commis-
sions, fees,
Business
profit
Partner-
ship
profit 1
Net
capital
gain»
Rents
and
royalties
on stock of
domestic
and foreign
Income
from
flduci-
etc.
tions 3
67, 446
16, 917
10, 701
2,696
5,298
10, 986
2,736
29, 675
11,888
3,192
1,837
2,636
4,879
1,415
33, 531
14, 365
7,062
1,380
4,462
6,602
1,206
800, 689
238, 204
94, 168
80, 306
91, 927
237, 209
62, 112
75, 667
25, 209
7,725
8,459
6,321
29, 068
3,438
236, 163
39, 623
12, 884
26, 67]
11, 329
111,269
28, 861
32, 604
5,643
2,152
6,686
1,617
43, 101
13, 651
249, 266
26, 015
8,168
7,905
13, 602
28, 544
9,162
89, 154
29,054
10, 426
13, 455
10, 435
46, 385
14, 638
115, 529
25, 675
10, 927
6,633
8,222
30,142
4,736
33, 005
5,886
1,391
1,460
2,101
15, 238
4,151
23. 097
12, 340
3,061
931
1,622
3,182
328
1, 029, 833
175, 176
80, 407
77, 182
52,474
237, 264
56,228
218, 943
46, 188
16, 321
9,348
12, 264
48, 098
6,882
105, 315
45, 950
11, 453
4,421
11, 273
22, 258
2,965
78, 442
36, 006
10, 497
4,733
16, 249
13, 875
2,286
98, 801
19, 839
8,788
5,837
6,138
27, 863
3,698
91,610
25, 312
13, 111
7,866
11, 786
22, 643
1,892
42. 981
14, 151
3,287
4,468
2.676
17, 463
6,164
248, 290
34. 909
16, 509
19, 025
12. 527
58, 000
20,524
567, 412
103, 225
38, 638
51, 068
17, 981
195, 916
68,954
579, 027
93, 610
29, 498
42, 955
25, 156
145, 375
19, 675
181, 794
44, 736
15, 358
12, 192
8,567
46, 273
10, 066
32, 562
14, 576
5,665
1,489
3,182
6,193
684
299, 247
49, 781
21, 385
17,911
17, 807
82, 242
14, 483
48, 396
11,687
3,063
1,487
2,233
5,366
663
72, 396
22, 755
6,733
2,970
5,419
12, 014
1,128
14, 467
4,218
2,095
1,084
781
4,702
1,001
33, 552
9,717
2,223
2,780
1,966
13, 424
2,868
611,615
93, 624
27,617
46, 776
19, 317
145, 780
42, 566
19,612
8,660
2,807
789
1,892
3,027
676
2, 252, 725
356, 907
272, 926
292, 442
70, 778
690, 218
240, 557
98, 792
22, 034
8,641
4,439
8,671
37, 215
3,661
18, 968
5,854
1,331
478
1,062
1,758
217
733,011
117, 144
41, 472
42, 650
31, 588
167, 710
38, 687
108, 521
28, 669
11,874
7,706
17, 174
19, 997
2,668
73, 076
24, 494
8,650
3.101
4,585
11,647
1,892
965, 797
191, 053
72, 005
72, 187
41, 681
280, 314
89^473
79, 382
12, 844
4,146
6, 379
3,841
30, 366
11, 663
41, 966
10, 292
3,864
1,588
3,361
7,336
1,304
18. 062
6,386
1,436
563
1,419
2,572
194
117, 930
24, 134
10, 539
4,715
7,136
25, 001
3,970
299, 968
108, 499
54, 636
29, 909
67, 166
70, 026
11,383
34, 904
7,350
2,398
1,835
1,372
7,337
837
22, 317
5,313
1,539
1,164
938
6,336
1,385
145, 427
26, 320
8,363
8.742
8,486
35. 721
7,400
158, 362
49. 396
11, 500
7.223
10, 124
30, 896
3,311
98, 242
17, 796
6,970
4,253
6,106
22, 673
2,887
215, 596
48, 258
12, 114
12, 037
10, 706
61, 102
6,864
18, 107
6,574
1,670
816
1,147
3,339
633
11, 661, 274
2, 374, 258
1, 022, 288
973, 796
686, 063
3, 173, 844
826, 184
For footnotes, see p. 97.
96
STATISTICS OF INCOME
Table 6. — Individual returns, 1936, by States and Territories: sources of income and
deductions, and net income — Continued
[Thousands of dollars]
Sources of income— Continued
Deductions
States and Territories
Taxable
interest
on par-
tially tax-
exempt
Govern-
ment
obliga-
tions *
Other
taxable
interest »
Other
income »
Total
income
Business
loss
Partner-
ship
loss'
Net
capital
loss'
Alabama
130
99
171
2,445
593
688
67
701
604
246
69
21
3,353
1,172
237
294
599
561
307
1,044
1,687
1,371
777
61
1,825
82
188
82
118
1,275
34
8,868
226
30
4,572
714
189
3,857
377
88
20
188
1,675
52
73
496
299
427
611
64
4,024
1,617
1,788
76, 865
8,014
23, 397
3,182
13, 721
10, 863
4,550
944
976
57, 634
7,784
8,913
5,380
5,145
6,547
8,652
20, 377
63, 549
19, 406
13, 765
1,666
19, 425
1,557
4,960
817
3,849
63, 683
1,137
234, 089
2,233
999
22, 752
5,090
4,448
81, 534
9,358
2,340
857
3,969
19, 120
1,395
2,233
6,755
8,918
2,241
25, 223
955
1,312
956
1,351
22, 468
2,209
4,437
1,333
3,568
3,833
2,232
595
857
17, 367
4.216
3, 790
3,520
2,653
3,222
1,208
4,421
9,897
11, 191
4,083
973
4,862
1,038
1,729
495
672
12, 201
553
39, 540
1,943
699
9,526
3,821
1,568
17, 757
1,415
786
612
1,723
14, 232
671
452
2,551
3.698
1,441
4, 262
412
122, 146
58, 093
71,919
1, 695, 393
166, 701
495, 323
109, 936
360, 552
228, 847
208, 792
64, 830
46,316
1, 786, 908
370, 215
216, 567
170, 283
179, 362
184, 550
101, 343
435, 627
1,118,327
967, 164
336, 600
65, 952
528, 968
75, 472
130, 291
29, 743
71, 160
1, 053, 454
39, 086
4, 459, 050
187, 755
31, 385
1, 209, 012
206, 234
133, 649
1, 815, 658
159, 671
72, 926
32,111
199, 305
676, 414
58. 149
41. 750
250. 260
283, 728
161, 908
385, 872
33, 618
398
442
311
8,202
767
1,220
524
633
1,248
913
310
177
6,309
1,195
1,043
1,268
967
729
429
1,402
2,420
3,620
1,136
349
2,351
440
573
162
225
2,242
267
12, 536
894
319
3,250
1,610
521
6,316
502
369
204
725
5,543
211
153
1,237
931
442
1,178
329
62
73
179
2,430
189
219
32
81
261
242
27
39
1,639
248
320
198
123
245
45
241
709
656
303
60
434
84
115
30
19
651
42
6,041
138
27
801
547
190
1,685
104
37
46
133
1,807
55
48
159
257
110
149
73
700
Arizona ..
312
Arkansas
295
California
12,412
Colorado .. ..
915
Connecticut . .
3,907
Delaware
383
District of Columbia
1,449
Florida
1,951
Georgia
853
Hawaii
225
Idaho
189
Illinois
10, 805
Indiana
1,482
Iowa
998
Kansas
718
Kentucky
1,017
Louisiana
890
Maine
864
Maryland..
2,681
Massachusetts
8,307
Michigan .
5,144
Minnesota
1,899
Mississippi
301
Missouri ....
2,987
Montana
251
Nebraska
523
Nevada...
128
New Hampshire —
560
New Jersey
6,053
New Mexico
164
New York
28, 737
North Carolina
768
111
Ohio
5,554
822
Oklahoma.
Oregon
898
Pennsylvania
11,217
Hhode Island
1,091
South Carolina
333
South Dakota
142
Tennessee
977
Texas..
3,117
Utah...
294
Vermont
311
Virginia..
1, 058
Washington •
1,526
574
Wisconsin
2,703
124
43, 627
887, 684
240, 357
21, 888, 373
79, 520
21, 307
129, 704
For footnotes, see p. 97.
STATISTICS OF INCOME
97
Table 6. — Individual returns, 1936, by States and Territories: sources of income and
deductions, and net income — Continued
[Thousands of dollars]
Deductions— Continued
States and Territories
Interest
paid'
Taxes
paid?
Contri-
butions
Other
deduc-
tions
Total
deduc-
tions
Net
incomft
3,612
1,160
2,031
39, 731
3.162
14. 000
4,510
9,661
6,706
6,853
1,760
697
38, 280
6,808
6,679
3,732
4,988
4,587
2,329
9,539
22,289
21. 001
6.554
1.728
16. 047
1,099
3,081
406
1,611
30. 789
704
112,881
6.737
626
29, 943
6,017
2,950
61, 206
3,447
1,987
693
6,346
19, 226
1,371
852
8,232
6,120
4,298
10, 276
637
3,755
1,618
1,929
60. 923
4, 454
14, 742
2.388
8,005
7,380
6,249
2,012
1,071
37, 302
11, 666
9,572
6,661
6,072
6,865
3,669
10, 707
46. 490
24, 033
11,221
2,696
16, 853
1,589
3,431
485
2,893
34, 463
772
186, 072
7,329
1,087
34, 705
7,444
4,814
49, 781
4,996
2,742
1,156
5,170
20, 523
1,722
1.249
7.720
5,348
3.273
13,024
587
2,179
512
1,277
18. 058
2,355
9,311
2,892
5,759
3,360
4,121
797
427
28, 747
6,728
3.628
2,679
3,662
2,490
1.806
6,867
20, 976
14, 900
5,943
1,494
10, 163
680
2,013
302
1,241
19, 251
381
92, 349
6,609
469
22, 138
3,349
1,288
39, 448
3,220
1,944
460
3,772
9,079
988
754
6,797
2.490
2,386
6,969
328
4,792
2,642
4,741
69, 038
8,370
12. 819
2,512
7,496
11, 2.36
8,935
961
2,022
64, 792
11, 066
11, 209
9,419
6,527
9,690
3,341
12, 602
28, 232
35, 233
12, 566
4,807
18, 248
2,540
6,417
1.185
1,890
31,851
1.804
166. 983
9,928
2,041
33, 633
16, 657
4.926
61, 780
4,343
3,727
1.656
8.864
47, 676
2.580
1.235
7,082
8.406
6.080
13, 622
1,212
15, 498
6,649
10, 763
200, 794
20, 202
66, 217
13, 241
33, 084
31, 141
27, 166
6.093
4.622
187. 873
38. 194
32. 448
24. 665
22. 354
24.496
12, 483
44, 039
129, 423
104, 587
39, 621
11,435
66, 083
6,684
15, 153
2,698
8,340
125, 301
4,134
694. 598
31, 392
4,680
130. 026
35, 448
15, 688
211, 333
17, 703
11, 139
4,356
25, 987
106, 970
7.222
4.604
31.285
24. 078
16, 163
46, 921
3,291
106,648
61,444
Arkansas.. .
61, 157
1, 494, 599
Colorado
146, 499
Connecticut -
439, 106
Delaware .
96. 696
District of Columbia
327, 468
Florida
197, 706
Georgia
181. 628
Hawaii
58, 738
Idaho
41, 693
Illinois
1, 599. 035
Indiana
332. 021
Iowa
184. lis
Kansas
145, 617
Kentucky
157, 007
Louisiana
160, 055
Maine
88. 859
Maryland
391. 589
Massachusetts
988, 904
Michigan
862, 578
Minnesota
296, 979
54, 517
Missouri
462, 885
68, 788
Nebraska
115, 138
27, 045
New Hampshire
62, 820
928, 153
New Mexico
34, 953
3, 864, 463
North Carolina
156, 362
26. 706
Ohio.
1,078,986
Oklahoma
170, 786
Oregon
118. 061
Pennsylvania
1, 604, 325
Hhode Island.
141.968
South Carolina
61, 787
South Dakota
27, 756
Tennessee
173,317
Texas
569, 444
Utah
50. 927
Vermont
37, 146
218, 974
"Washington '
259, 650
146, 746
Wisconsin.
338, 961
30, 327
Total _
644, 869
698, 609
385,838
788,416
2,648,263
19, 240, 110
1 For explanation of item, see p. 8.
« For definition of capital assets and amounts of net capital gain and loss taken Into account for tax pur-
poses, see text, p. 8, and synopsis of laws, pp. 144-145.
3 "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domestic
corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within the
United States, whether or not received direct or by partnerships and fiduciaries.
« Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and on
obligations of certain instrumentalities of the United States (see items 5 and 25, Form 1040, p. 152) reported
on returns with net income of $5,000 and over.
' Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000. rn i t
' Excludes dividends received on Stock of domestic corporations not subject to taxation under Title I
of the Revenue Act of 1936 and on stock of foreign corporations. In former years, dividends received from
these two types of corporations were tabulated as "other income," except in so far as included in partnership
and fiduciary income, and until 1934 except in so far as received from foreign corporations deriving more
than half their gross income from sources within the United States. See footnotes 1 and 3.
' Excludes amounts reported in schedules A and B as business deductions.
» Includes Alaska.
98
STATISTICS OF INCOME
Table 7. — Individual returns, 1936, by net income classes: sources of income and
deductions, and net income; also total number of returns, and for returns with net
income of $5,000 and over, number for each specific source of income and deduction
[Net income classes and money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Total
num-
ber of
returns
Sources of
income
Net Income
classes
Salaries, wages,
commissions,
fees, etc.
Business profit
Partnership
profit,'
Net capital
gain'
Num-
ber of
returns
Amount
Num-
ber of
returns
Amount
Num-
ber of
returns
Amount
Num-
ber of
returns
Amount
Under 5 (est.)....
ft-6
4, 736, 488
166, 970
110, 009
73, 174
51, 708
39, 025
30, 454
24, 369
20, 101
16, 462
14, 196
45, 978
25, 089
14, 996
17, 140
9,001
5,364
3,406
2,174
1,539
1, 137
2,606
909
425
210
219
111
124
54
33
9
14
4
1
(9)
112, 043
71, 900
46, 834
32, 333
24, 268
18, 926
14, 883
12, 135
10, 080
8,708
27, 366
14, 987
8,791
9,982
5,167
3,053
1,970
1,244
872
633
1,479
630
247
106
118
62
69
26
18
4
8
3
1
8, 167, 651
554, 225
404, 491
296, 127
225, 840
183, 542
153, 422
129, 129
111,844
97, 766
89, 647
312, 084
204, 065
135, 091
178, 233
108, 832
71, 395
51, 979
34, 505
26, 183
19, 852
54, 876
21, 996
10, 363
4,561
4,838
3,875
1,970
1,469
711
139
380
(»)
(")
(«)
36, 993
24, 298
15, 789
10, 804
7,878
5,941
4,575
3,719
2,872
2,404
7,421
3,613
1,913
1,969
965
467
261
186
112
72
156
59
17
12
4
6
5
6
3
1, 352, 650
172, 307
132, 020
97, 121
73, 343
59, 661
48, 345
40, 717
35,242
28, 675
25, 771
92, 779
54, 792
34, 949
41,802
24,778
14, 889
9,375
7,462
4,869
2,967
8,430
5,591
1,611
1,181
626
25
632
453
1,296
(«)
14, 637
10, 878
7,753
6,799
4,007
3,728
3,068
2,596
2,180
1,885
6,138
3,778
2,412
2, 562
1,540
1,114
618
422
312
213
621
172
86
48
50
17
17
9
6
2
1
231, 278
59, 148
50, 602
40, 852
34, 601
30, 307
27, 239
24,282
22, 597
19, 506
17, 743
74, 552
53, 650
41, 600
60, 213
42, 051
32, 340
22, 476
17,246
14, 562
10, 817
33, 874
18, 117
11,461
8,233
11, 483
3,267
3,902
3,089
1,188
4
7
(«)
31, 081
24, 181
18, 088
14, 383
11, 508
9,694
8,044
6,930
6,949
5,324
18, 400
11,043
7,100
8,615
4,826
2,996
1,925
1, 266
905
667
1,598
537
259
132
135
74
80
33
16
7
9
4
166, 880
40, 053
6-7
36,417
7-8
31, 566
8-9
28, 893
9-10
25, 570
10-11
24,184
11-12
21, 821
12-13
20, 874
13-14
18, 733
14-15
18, 399
15-20
73, 950
20-25
56, 448
25-30
44, 326
30-40
68, 565
40-50
51, 175
60-60
37, 614
60-70
27, 169
70-80.
20, 427
80-90
16,116
90-100
13, 807
100-150
42, 113
150-200
18, 810
200-250
12, 856
250-300
8,683
300-400
8,233
400-500
5,583
600-750
10, 695
750-1,000.
6,879
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
716
3,469
12,628
(ij)
Classes
193
241
Total
6,413,499
•428,846
11, 661, 274
» 132, 519
2, 374, 258
» 76, 569
1,022,288
•195,809
973, 796
For footnotes, see p. 101.
STATISTICS OF INCOME
99
Table 7. — Individual returns, 1936, by net income classes: sources of income and
deductions, and net income; also total number of returns, and for returns with net
income of $6,000 and over, number for each specific source of income and deduction —
Continued
[Net income classes and money figures in thousands of dollars]
Sources of income— Continued
Net income classes
Kents and
royalties
Dividends on stock
of domestic and
foreign corpora-
tions '
Income from
fiduciaries »
Taxable interest
on partially tax-
exempt Govern-
ment obligations *
Number
of
returns
Amount
Niunber
of
returns
Amount
Number
of
returns
Amount
Number
of
returns
Amount
Under 5 (est.)
6-6
(«)
31, 892
22, 427
14, 942
10, 997
8,371
6,787
6,319
4,460
3,730
3,219
10,546
5,925
3,613
4,220
2,269
1,292
889
583
405
297
659
215
113
48
57
34
33
23
10
2
1
1
1
413, 507
35,412
27, 588
20,388
16,315
13,433
11,622
9,304
8,881
7,478
6,628
26,329
17, 290
12,007
16, 158
11, 154
7,181
4,594
3,394
3,356
2,415
4,774
1,868
1,385
563
645
829
302
211
17
19
3
(")
(")
(«)
83,337
60, 959
43, 658
32,868
25, 680
21,040
17, 239
14, 753
12, 359
10, 823
36,382
20, 874
12, 781
14,954
8,001
4,842
3,118
1,984
1,427
1,048
2,452
848
399
198
210
109
116
49
31
8
10
4
1
589,956
99, 761
92, 651
80, 678
72, 657
67,050
62,459
58,093
55, 659
52, 873
48, 593
212, 252
167, 317
134, 662
212,011
155, 401
122, 537
99,987
75, 266
60, 616
64,487
164, 235
91,491
55. 759
34, 842
47,566
36, 312
54,200
32, 756
25, 822
8,865
23, 651
(")
(")
(«)
10, 389
8,137
6,021
4,831
4,025
3,296
2,841
2,437
2,052
1,872
6,899
4,329
2,817
3,638
1,997
1,383
867
584
432
346
805
285
148
69
75
41
45
22
15
5
4
2
135, 160
28,360
26, 282
22,503
20, 730
18, 802
17, 412
16,797
15, 208
13, 679
13, 282
56, 712
44,640
35,885
58, 105
39, 863
33, 399
24,668
19, 115
16, 682
13,457
39, 216
22, 742
14, 496
8,838
11,969
6,464
16, 518
9,741
13, 542
4,138
7,180
(11)
(10)
6,211
5,059
3,935
3,084
2,631
2,239
1,913
1,716
1,567
1,320
4,936
3,180
2,145
2,752
1,518
984
634
447
314
249
588
192
106
59
48
26
33
12
9
3,024
6-7
2,577
7-8
2,186
8-9
2,005
9-10
1,720
10-11
1,578
11-12
1,417
12-13
1,463
13-14
1,173
14-15
1,069
15-20
4,554
20-25
3,423
25-30
2,767
30^0
4,038
40-50
2,199
50-60
1,601
60-70
1,366
70-80
794
80-90
615
•90-100
473
100-150
1,771
150-200
538
200-250
354
250-300
226
300^00
342
400-500
163
600-750
126
750-1,000
42
1,000-1,500
27
1,500-2 000
2,000-3,000
3
1
(IS)
3,000-4,000
(") (")
4 000-5 000
12
23, 379
602
('»)
Total
• 143, 380
685, 063
« 432, 562
3, 173, 844
« 70, 709
826, 184
47,909
43, 627
For footnotes, see p. 101.
100
STATISTICS OF INCOME
Table 7. — Individual returns, 1936, by net income classes: sources of income and
deductions, and net income; also total number of returns, and for returns with net
income of $5,000 and over, number for each specific source of income and deduction —
Continued
[Net income classes and
money fig
ares in
honsands of dollars]
Sources of income— Continued
Deductions
Net income
classes
Other taxable
interest
Other
income'
Total
Income
Business loss
Partnership
lossi
Net capital
loss '
Num-
ber of
re-
turns
Amount
Num-
ber
of re-
turns
Amount
Num-
ber
of re-
turns
Amount
Num-
ber
of re-
turns
Amount
Under 5 (est.)
5-6
(«)
62, 550
43. 792
30, 847
23, 170
18, 216
14, 707
12, 142
10, 341
8,685
7,654
22, 377
15, 004
9,370
11,590
5,678
3,891
2,589
1,655
1,210
907
2,098
742
365
188
179
98
108
46
28
8
10
4
1
u 442, 329
40, 501
34, 281
27, 273
23, 450
20, 395
17, 536
15, 735
13, 935
12, 843
11, 800
45, 191
32, 475
23, 385
32, 361
20, 054
14, 319
11,333
7,417
6.030
4,791
12, 025
5,440
3,127
2,222
1,841
1,056
1,897
780
1,247
120
130
(13)
(13)
131, 573
11, 520
9, 357
7,532
6,000
4,792
4,152
3,649
3,234
2,613
2,821
9,898
7,226
4,821
7,230
4,936
3,294
2,755
2,483
1,544
990
2,521
1,113
1,042
1,084
446
739
201
49
600
73
69
(13) (13)
11,630,983
1,044,311
816, 265
626, 227
503, 834
425, 272
367, 947
320, 945
288, 938
255. 338
235, 754
908, 301
641,326
469, 492
678, 717
460, 443
338, 569
255, 691
188, 108
150, 573
124, 057
363, 835
187, 706
112,452
70, 333
87, 889
58, 319
90, 444
55. 469
45, 165
16,828
44,045
(13)
(»)
(»)
2,530
1,907
1,386
1,082
924
716
599
500
441
378
1,366
901
583
707
452
308
209
150
104
82
194
82
53
16
21
14
21
12
12
3
3
4
34, 395
3,469
2,806
2,358
2,024
1,765
1,375
1,457
1,117
1,080
990
3,488
2,673
2,088
3,407
2,322
1,513
1,434
1,079
682
536
2,442
949
786
219
226
313
540
502
336
89
54
(")
(«)
1,081
869
625
411
405
332
286
221
189
151
621
374
251
344
183
120
64
55
35
34
73
36
14
11
7
3
10
2
1
8,756
985
937
739
596
481
392
430
314
292
354
973
948
735
1,004
459
365
158
195
134
224
450
221
159
885
22
25
45
15
14
(8)
11, 709
8,873
6,782
5,283
4,199
3,486
2,951
2,525
2,103
1,822
5,919
3, 853
2,455
2,823
1,536
963
651
403
314
238
534
213
93
45
51
23
34
14
13
1
4
66, 876
8,224
6-7
6,478
7-8
6,277
8-9
4,364
9-10
3,510
10-11
3,054
11-12
2,620
12-13
2,399
13-14
2.027
14-15
1,761
1.1-20
6,478
20-25
4,150
25-30
2,707
30-40
3,231
40-50 -
1,831
50-60
1,191
60-70
844
70-80 -
625
80-90
410
90-100
320
100-150
731
150-200
268
200-250
136
250-300
69
300-400 -
80
400-500
28
600-750
68
750-1,000
23
1,000-1,500_
1.500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
23
2
6
1
(13)
Classes grouped 'J
364
(13)
24, 792
1,005
2
Total
'310,250
887, 684
240, 357
21, 888, 373
915,760
79. 520
«6,808
21,307
•69,914
129, 704
For footnotes, see p. 101.
STATISTICS OF INCOME
101
Table 7. — Individual returns, 1936, by net income classes: sources of income and
deductions, and net income; also total number of returns, and for returns with net
income of $5,000 and over, number for each specific source of income and deduction —
Continued
[Net income classes and money figures in thousands of dollars]
Net Income classes
Deductions— Continued
Interest paid '
Num-
ber of
returns
Amount
Taxes paid '
Num-
ber of
returns
Amount
Contributions
Num-
ber of
returns
Amount
Other
deduc-
tions '
Total
deduc-
tions
Net in-
come
Under 5 (est.)
5-«
6-7
7-8 ,
8-9
9-10
10-11
11-12
12-13-
13-14...
14-15.
15-20
20-25.
25-30 .-
30-40
40-50
60-60
60-70..
70-80
80-90
90-100-
100-150..
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped ".
Total.
(')
83, 737
55,628
37, 746
27, 306
20, 928
16, 388
13, 233
11,336
9,328
7,937
26, 413
14,712
9,043
10, 597
5,662
3,533
2,301
1,429
1,023
783
1,838
651
320
156
173
82
105
45
29
7
8
4
1
259, 609
32, 177
25, 357
18, 857
15,318
12, 823
10, 784
9,213
8,501
7,410
6,855
24, 734
17, 262
12, 652
17, 169
11, 198
8,568
6,238
4,669
3,075
3,087
8,191
7,002
3,177
2,066
2,018
1,199
2,535
1,310
1,398
108
293
(U)
(13)
(')
134, 504
90, 390
60, 759
43, 655
33, 265
26, 200
20, 976
17, 340
14, 398
12, 473
40, 571
22, 530
13, 548
15, 682
8,304
5,056
3,180
2,034
1,431
1,052
2,455
866
406
201
209
107
117
50
32
8
14
4
1
344, 623
33, 575
26, 505
20,520
16, 686
14, 134
12, 217
10, 781
9,633
8,588
7,671
30, 892
22, 314
15, 964
23, 886
15, 834
12, 239
9,694
7,402
5,596
4,859
14, 040
7,546
4,922
3,138
3,004
1,939
3,558
2,029
1,909
694
1,287
(")
(12)
(9)
124, 368
83,040
55, 869
39, 728
30, 010
23, 734
18, 506
15, 655
13. 198
11. 152
36, 439
20, 371
12. 199
14. 153
7,508
4,519
2,876
1,878
1,341
971
2,278
798
388
141
195
100
110
45
30
183, 691
16, 903
13, 035
10, 497
8,006
6,716
5,681
4,992
4,519
3,994
3,649
14, 237
10, 349
7,965
12, 318
8,860
7,218
5,966
4,720
3,715
3,247
10, 900
6,095
4,308
2,787
3,582
2,676
4,901
2,469
2,029
946
2,078
(IS)
(")
387, 552
36. 854
29, 993
21,610
18, 684
15. 855
15, 333
11, 605
11, 574
9,905
8,825
35, 407
24, 557
17, 816
27, 885
18, 826
14, 412
11, 274
7,312
6,568
4,013
15, 802
9,548
4,093
4,189
3,823
2,751
2,797
2,369
1,177
473
4,906
(U)
(")
, 285, 501
132, 187
105, 110
79, 859
65, 677
55, 285
48, 838
41, 100
38, 057
33, 296
30, 105
116.208
82, 253
59, 928
88, 899
59, 331
45, 505
35, 607
25, 903
20, 179
16, 286
52, 556
31, 629
17, 581
13, 352
12, 753
8,932
14, 434
8,717
6,885
2,311
8,624
(12)
(")
, 345, 482
912, 124
711, 155
546, 368
438, 157
369, 986
319, 109
279, 845
250, 882
222, 042
205, 648
792, 093
559, 073
409, 563
589, 817
401, 112
293, 064
220, 084
162, 205
130, 394
107, 771
311, 279
156, 078
94, 871
56, 981
75, 136
49, 387
78, 010
46, 752
38, 279
14, 517
35, 428
(U)
15
930
2,793
629
5,374
19, 419
» 362, 482
544,869 9 571,818
698, 609
9 521, 622
385, 838 788, 416 2, 648, 263 19, 240, 110
> For explanation of items, see p. 8.
> For definition of capital assets and amounts of net capital gain and loss taken Into account for tax pur-
poses, see text, p. 8, and synopsis of laws, pp. 144-145.
» "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domestic
corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends
received on stock of foreign corporations deriving more than half their gross income from sources within the
United States, whether or not received direct or by partnerships and fiduciaries.
< Interest received on United States savings bonds and Treasury bonds, owned in excess of $5,000, and on
obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net income is
over $4,000. (See items 5 and 25, Form 1040, p. 152.)
' The number of returns is not available, since the amount of "other income" is secured by deducting the
sum of specific sources of income from total income. "Other income" excludes dividends received on stock
of domestic corporations not subject to taxation under Title I of the Revenue Act of 1936 and on stock of
foreign corporations. In former years, dividends received from these two types of corporations were tabu-
lated as "other income," except in so far as included in partnership and fiduciary income, and until 1934
except in so far as received from foreign corporations deriving more than half their gross income from sources
within the United States. See footnotes 1 and 3.
' Excludes amounts reported in schedules A and B as business deductions.
' The number of returns is not available, since the amount of "other deductions" is determined by sub-
tracting the sum of specific deductions from total deductions.
• Not available.
' Excludes returns with net income under $5,000.
1" Taxable interest received on partially tax-exempt Government obligations reported on returns with net
income under $5,000 is tabulated with "other taxable interest."
1' Includes taxable interest received on partially tax-exempt Government obligations reported on returns
with net income under $5,000.
'2 Classes grouped.
" Less than $500.
102
STATISTICS OF INCOME
Table 8. — Individual returns with net income of $5,000 and over, 1936, by size of
profit or loss from business {sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss
Aggregate
Industrial groups
Size of profit or loss from
business
(Thousands of dollars)
Agriculture and related industries
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Nimi-
ber of
busi-
nesses
Amount
Under 0.1
1,646
1,396
1,210
1,075
966
4,265
6,825
6,432
7,033
9,219
66, 628
14, 793
5,150
2, 359
1,232
1,151
483
437
101
111
6
1
1
$77, 602
205, 413
297, 924
374, 884
432, 574
3, 164, 938
10, 103, 318
16, 042, 757
24, 674, 177
41, 833, 949
458, 659, 663
177, 659, 106
88, 308, 060
52. 360. 147
33. 585, 970
39, 324, 159
21, 494. 345
25, 893, 941
8, 501, 634
15, 223, 676
1, 513, 449
684, 601
1,291,906
1,113
1,019
944
738
749
2,821
3,162
1,602
931
594
1,304
363
161
73
58
56
26
20
9
16
$54, 676
149, 364
234, 212
257, 659
334, 564
2, 063, 496
4, 518, 766
3, 919, 251
3, 206, 695
2, 642, 857
9,070,416
4, 439, 950
2, 770, 178
1,612,227
1, 569. 074
1. 913, 067
1, 166, 991
1. 216, 082
757, 599
2, 365. 777
408
350
342
276
264
1,014
1,203
882
707
815
4,942
890
304
139
70
55
27
13
2
2
$20, 691
52,241
84, 059
96, 830
118, 408
740, 770
1, 753, 820
2, 165, 911
2, 455, 271
3, 689, 148
32, 899, 211
10, 674, 270
5, 212, 391
3. 095, 899
1, 927. 360
1, 890, 556
1, 187, 640
738, ?22
169. 738
242, 744
431
436
376
337
359
1,394
1,771
954
569
329
764
203
93
43
31
36
14
8
6
7
$21, 089
0.1-0.2
64, 719
0.2-0.3
93, 871
0.3-0.4
117, 124
0 4-0.5
161, 089
0.6-1
1, 023, 720
1-2
2, 544, 479
2-3
2, 344, 488
3-4
1, 964, 629
4-5
1, 463, 934
5-10
5. 317, 908
10-15
2, 493, 261
15-20
1, 585, 724
20-25
947,650
25-30
830, 677
30-40
1 226, 096
40-50
625, 348
60-76
525, 655
75-100
441, 748
100-250
1, 080, 169
250-600
600-1,000
1
861,834
1
861, 834
1,000 and over
Total for returns of net
income of $5,000 and
132, 619
(>)
1,021,608,193
1,362,649,521
15, 760
(')
45,124,735
34, 396, 275
12, 705
69, 216, 180
8.161
25,735,212
Total for returns of net
Income under $5,000 for
which no frequency
distribution by busi-
ness and by profit or
loss is available
Grand total
0)
2,374,25i7,714
(')
79, 620, 010
1
> Not available.
STATISTICS OF INCOME
103
Table 8. — Individual rehirns with net income of $5,000 and over, 1936, by size of
•profit or loss from business (sole proprietorship) and by industrical groups: number
of businesses with profit or loss and amount of profit or loss — Continued
Size of profit or loss from
business
(Thousands of dollars)
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1-
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500
500-1,000
1,000 and over.
Industrial groups— Continued
Mining and quarrying
Profit
Num-
ber of
busi-
nesses
40
32
25
13
16
74
136
83
73
69
395
116
56
44
30
48
15
30
Amount
$1,969
4,676
6,769
4,230
7,363
62,511
200, 372
206, 832
251, 040
313, 365
791, 598
407, 559
978. 076
974, 308
822, 231
635. 625
682, 485
789, 006
688, 096
272, 836
Loss
Num-
ber of
busi-
nesses
Amount
$1, 000
2,807
3,181
4,070
2,667
34,456
62, 854
68, 433
79, 938
120, 228
273, 731
154, 834
155, 161
89, 171
82, 618
138, 663
183, 509
118, 268
406,388
Manufacturing
Profit
Num-
ber of
busi-
nesses
33
46
39
17
30
140
254
264
334
414
4,025
990
461
214
111
104
61
50
17
16
1
Amount
$1, 768
7,274
9,663
6,933
13, 690
103, 403
382, 306
660, 559
1, 173, 050
1, 891, 331
28, 005, 326
11,917,752
7, 963, 694
4, 721, 920
3, 006, 369
3, 679, 088
2, 300, 734
2, 967, 397
1, 387, 042
2, 040, 984
354, 676
Loss
Num-
ber of
busi-
nesses
Amount
$1,633
3,744
8,111
7,441
10,899
72, 646
112, 724
104,688
96,843
79, 132
259, 740
147, 856
94,434
22, 534
53, 057
32, 186
40, 931
124, 660
1, 291, 906
Total for returns of net
income of $5,000 and
over
Total for returns of net
income under.$5,000 for
which no frequency
distribution by busi-
ness and by profit or
loss is available
1,312
14, 089, 947
311
1, 971, 977
7,612
73, 775, 755
1, 272, 968
Grand total.
104
STATISTICS OF INCOME
Table 8. — Individual returns with net income of $5,000 and over, 1936, hy size of
'profit or loss from business {sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss — Continued
Industrial groups— Continued
Size of profit or loss
from business
(Thousands of
dollars)
Construction
Transportation and other public
utilities
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
13
21
14
10
12
78
144
138
184
291
2,292
508
198
93
52
52
20
22
2
2
2
$660
3,031
3,547
3,463
5,364
61,545
214, 556
341, 068
645, 072
1, 322, 443
15, 682, 522
6,119,164
3,418,143
2, 067, 000
1, 418, 337
1, 783, 970
882, 516
1, 259, 366
172, 290
241, 873
695, 290
10
12
5
8
6
15
34
10
16
5
20
4
1
$529
1.859
1,207
2,922
2,717
10, 160
53, 252
23, 489
54, 040
22, 188
143, 213
43, 239
19,834
17
13
9
12
10
46
93
99
83
94
1,101
196
93
30
30
16
12
5
$961
1,777
2,450
4,201
4,502
35, 129
135, 779
244, 266
288, 631
423, 396
7, 460, 313
2, 359, 569
1, 594, 681
662, 260
805, 349
530, 718
638, 567
300, 213
8
9
15
4
5
19
19
12
8
7
12
3
3
$407
0.1-0.2
1,256
0.2-0.3
3,604
0.3-0.4
1,339
0.4-0.5
2,251
0.5-1
13, 845
1-2
24, 770
2-3 -..
27, 597
3-4
26, 980
4-5
31, 197
6-10
80, 845
10-15
36, 007
16-20
51, 377
20-25
25-30
1
27, 368
30-40
40-50
50-75
1
55, 519
75-100
100-250
2
291, 628
250-500
500-1,000 .
1,000 and over . ..
Total
4,148
36, 241, 220
146
378, 649
1,961
15, 684, 390
126
384, 362
Industrial groups— Continued
Size of profit or loss
from business
Trade-
Retail
Trade— Wholesale
Profit
Loss
Profit
Loss
(Thousands of
dollars)
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
466
220
192
183
141
763
1,359
1,432
1,779
2,446
15, 438
2,758
845
386
217
178
75
62
12
7
$19, 346
31,051
47, 440
63, 775
63, 521
570, 462
2, 030, 894
3, 590, 948
6, 255, 075
11,108,042
104, 295, 901
33, 029, 221
14,419,811
8, 532, 784
5,914,990
6, 122, 095
3, 339, 160
3,068,142
957, 933
1, 003, 766
215
127
132
91
99
335
350
160
68
68
101
21
18
6
2
2
$11, 187
18, 333
33, 040
31,766
43,449
244, 888
494, 930
389,014
229, 990
307, 708
683, 983
258, 956
307, 663
135, 706
55, 085
67, 334
15
17
16
23
13
101
163
174
192
280
2, 516
691
294
135
61
64
29
29
3
6
$722
2,425
3,926
8,147
5,963
73, 588
243, 581
439, 482
676, 837
1, 266, 445
17, 493, 133
8, 378, 312
5, 053, 826
2, 999, 284
1, 648, 844
2, 153, 935
1, 288, 130
1, 751, 478
263, 302
786, 135
10
12
10
8
14
40
33
22
14
8
15
9
1
$356
0.1-0.2
1,824
0.2-0.3
2,585
0.3-0.4
2,852
0.4-0.5
6,144
0.5-1
30, 298
1-2
50, 592
2-3 -
54, 263
3-4
48, 007
4-5
35, 858
5-10
98, 867
10-15
107, 769
15-20
15, 223
20-25.
25-30
1
29, 756
30-40
40-50
50-76
1
2
54, 329
152, 012
75-100
100-250
250-500
600-1,000
1,000 and over
Total •
28, 949
204, 464, 357
1,798
3, 519, 373
4,822
44, 537, 495
197
484, 394
STATISTICS OF INCOME
105
Table 8. — Individual returns with net income of $5,000 and over, 19S6, by size of
profit or loss from business (sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss — Continued
Industrial groups— Continued
Size of profit or loss from
Trade— Wholesale and retail
Service— Domestic Oaundries, hotels,
restaurants, etc.)
business
(Thousands of dollars)
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
1
2
1
3
2
8
21
25
41
55
430
90
37
14
5
6
2
$35
344
204
1,005
960
6,761
30, 802
64,748
145, 768
251, 875
3, 027, 845
1, 097, 898
619, 153
306, 445
132, 330
210, 362
93,042
1
$142
31
42
37
33
38
110
203
175
216
329
2,100
282
90
30
16
13
4
7
3
1
$1, 460
6,487
9,119
11, 338
16,914
83, 076
294, 960
436, 869
753, 468
1, 494, 909
13, 948, 732
3, 359, 167
1, 552, 193
665, 059
432, 855
438, 859
174, 125
387, 261
267, 193
174, 758
16
30
25
20
12
61
62
35
11
7
18
6
$871
0.1-0.2
4,300
0.2-0.3
6,232
0 3-0.4
1
2
6
8
311
861
4,024
11, 270
7,266
0.4-0.5
5,299
0 5-1
42, 945
1-2
88, 667
2-3
88, 770
3-4
2
1
2
6,057
4,044
11,813
37, 567
4-5
30, 625
5-10
131, 877
10-15
62, 681
15-20
20-25
25-30
1
1
1
25, 432
30-40
35, 689
40-50
44, 239
50-75 -
75-100 -
1
3
96, 349
330, 788
100-250
2
280, 017
250-500
500-1,000
1,000 and over
Total
747
6, 422, 714
23
38, 522
3,760
24, 508, 802
307
892, 477
IndiL
>trial groi
ips— Continued
Size of profit or loss from
business
Service— Amusements
Service— Curative (i
ofche
nedicina
r)
1 and all
Profit
Loss
Profit
Loss
(Thousands of dollars)
Num-
ber of
busi-
nesses
Amount
Num-
bef of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
6
10
13
11
11
52
83
106
88
112
778
196
83
30
30
19
8
7
1
3
$299
1,545
3,110
3,966
4,848
38, 221
125, 070
267, 428
306, 073
508, 147
5, 370, 540
2, 378, 720
1, 389, 678
677, 108
812, 323
684, 221
367, 405
393, 925
75, 905
468, 653
11
12
15
12
15
33
49
43
14
18
49
16
2
4
7
3
3
1
$340
1,796
3,846
4,301
6,806
24, 791
69, 730
107, 595
47, 841
79,694
341, 392
193,828
34, 447
90, 311
194, 235
94, 703
137, 330
72,061
129
123
93
95
88
412
884
1, 046,
1,344
1,878
16, 531
3,814
1,099
413
189
135
42
28
4
4
$6, 022
18, 065
23, 151
33, 099
38, 871
314. 704
1, 33JB. 361
2, 631, 742
4, 749, 234
8, 536. 230
115, 358, 712
45, 480, 703
18, 732, 512
9, 092, 507
5, 107, 499
4, 540, 959
1, 830, 609
1, 620, 954
333, 975
669, 697
67
54
46
31
33
127
111
43
16
8
17
2
$3, 141
7,916
0.2-0.3
11,473
10, 812
0.4-0.5 --
14, 614
92,028
1-2 .
157, 709
103, 796
3-4
52, 532
35, 136
5-10
110, 939
26, 607
15-20
25-30
40-50
75-100
250-500
1,000 and over
Total.
1, R47
13, 877. 185
307
1
505.047
28, 351
220, 449, 606
555
626,703
106
STATISTICS OF INCOME
Table 8. — Individual returns with net income of $6,000 and over, 19S6, by size of
profit or loss from business (sole proprietorship) and by industrial groups: number
of businesses with profit or loss and amount of profit or loss — Continued
Industrial groups— Continued
Size of profit or loss from
business
(Thousands of dollars)
Service— Educational
Service— Engineering
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
56
53
48
36
35
109
136
93
74
82
829
221
84
41
26
34
23
21
3
6
1
$3, 059
7,682
11,926
12, 823
15, 459
78, 240
193, 648
229, 025
261. 755
367, 964
5, 707, 969
2, 661, 408
1,421,939
920, 656
721,288
1, 167, 570
1, 030, 237
1, 230, 736
263, 112
767, 501
269, 280
43
45
31
23
17
48
50
17
9
3
10
6
1
$1, 852
6,551
7,654
8,248
7,567
34, 589
70, 309
41,014
31, 237
13, 370
68, 944
74, 027
15, 669
25
86
30
23
26
93
121
125
112
152
906
233
92
42
18
27
11
5
$1, 242
5,141
7,309
8,304
11,423
71, 928
182. 991
307, 335
392, 899
687, 341
6, 382, 928
2,811,718
1, 599, 631
946, 268
486, 014
914, 224
498, 813
306, 741
35
27
23
16
19
44
53
22
12
9
13
5
5
$1, 675
0.1-0.2
4,233
0.2-0.3
5,716
0.3-0.4
5,516
0.4-0.5
8,41&
0.5-1
30, 604
1-2
71, 522
2-3
52. 965
3^
41, 114
4-5
38, 607
5-10
82, 012
10-15
61, 066
15-20
90, 400
20-25
25-30
30-40
1
39, 069
40-50
60-75
1
55, 620
75-100
100-250
1
247,464
250-500
500-1,000
1,000 and over
Total
2,011
17, 343, 277
303
381,031
2,078
15, 869, 714
285
588, 537
Industrial groups— Continued
Size of profit or loss from
business
(Thousands of dollars)
Service-
Legal
Service— All other
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
157
169
144
123
114
618
857
777
767
906
5,592
1,640
629
339
179
189
83
76
21
21
1
1
$7, 298
25,083
35, 236
42, 189
51, 121
383, 356
1, 253, 700
1, 936, 588
2, 694, 249
4, 095. 841
39, 368, 563
19, 828, 434
10, 819, 415
7, 526, 206
4, 892, 058
6,431,782
3, 658, 967
4,571,491
1, 792, 728
2, 896, 493
294, 203
584, 601
79
75
69
52
43
167
123
39
25
19
29
6
1
$3, 827
10,284
16,911
17, 852
19,544
121, 203
172. 580
93, 703
85, 703
84, 136
196, 249
68, 381
17, Oil
45
37
34
43
32
119
207
192
227
311
2,708
587
189
91
43
39
7
14
5
4
$2, 120
5.417
8,571
15, 147
14, 249
86. 922
306, 706
475, 945
798, 404
1,421,471
18, 742, 868
7, 007, 450
3, 240. 813
2, 024. 883
1, 170, 229
1, 341, 693
320, 623
867. 272
429. 393
492, 407
19
19
23
15
18
50
46
17
6
5
9
1
1
$874
0.1-0.2
2,740
0.2-0.3
5,678
0.3-0.4
5,296
0.4-0.5
7,919
0.5-1
33, 403
1-2
69, 421
2-3
41, 844
3-4
21,504
4-5.
22, 294
6-10
61, 244
10-15
14.285
15-20
19, 577
20-25
25-30
1
25, 734
30-40
40-50 .
50-75
75-100
100-250.
250-500
500-1,000
1,000 and over
Total
13, 303
113,189,602
728
933, 118
4,934
38, 772, 583
229
306, 07»
STATISTICS OF INCOME
107
Table 8. — Individual returns with net income of $5,000 and over, 1936, by size of
profit or loss from business (sole proprietorship) and by industrial, groups: number
of businesses with profit or loss and amount of profit or loss — Continued
Industrial groups— Continued
Size of profit or loss from
business
(Thousands of dollars)
Finance— Investment brokers
Finance— Eeal estate
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1
9
11
8
3
11
28
58
53
60
66
372
197
111
61
54
42
23
26
7
6
$587
1,532
1,995
1,023
4,859
21, 647
89, 768
135.917
209, 793
302, 431
2, 681, 902
2, 376, 293
1, 953, 941
1, 365, 584
1, 490, 613
1, 427, 650
1, 020, 134
1, 615, 101
624, 179
786, 696
4
4
3
7
3
30
27
11
13
6
23
5
3
1
1
$204
555
732
2,408
1,311
21, 666
40,641
27, 312
45, 072
25, 833
147, 348
59, 929
52. 422
20, 638
25, 233
32
29
21
36
24
101
177
170
136
158
806
178
51
24
23
11
2
5
$1, 623
4,452
5,249
12, 452
10, 607
74,095
265, 081
419, 716
477, 878
713. 008
5, 654, 101
2, 123, 950
881, 679
534, 167
642, 066
386, 063
85, 124
301, 130
23
28
24
14
13
82
60
44
17
12
37
10
5
1
2
1
$872
4,145
5,897
4,953
5 890
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
62, 921
84, 502
108, 769
57 695
1-2
2-3
3-4
4-5
53, 472
271 365
5-10
10-15
125 143
15-20 -
89 212
20-25
20 032
25-30
53 597
30-40
34, 393
40-50 -..
50-75
1
51,815
75-100
2
1
163, 839
104, 222
100-250
1
211,014
2
242, 494
250-500
500-1,000
1,000 and over
Total
1,206
16, 111, 645
143
734, 133
1,986
12, 834, 935
376
1, 250, 919
Industrial groups— Continued
Size of profit or loss from
business
(Thousands of dollars)
Finance— All other
Nature of business not given
Profit
Loss
Profit
Loss
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Num-
ber of
busi-
nesses
Amount
Under 0.1 _
59
67
62
47
40
208
333
270
268
313
2,052
522
195
99
34
51
18
18
5
6
$2, 720
9,848
15, 354
16, 631
18, 160
157, 535
489, 275
676, 472
936, 623
1,416,101
14. 428, 620
6, 335, 285
3, 335, 295
2, 205, 175
921. 737
1, 758, 449
790, 928
1, 060, 573
426, 034
840, 629
19
13
22
7
11
37
40
14
9
9
24
4
2
1
1
2
1
1
$963
1,779
5,692
2.406
4,857
27, 778
54, 019
32, 900
32, 272
39, 885
165, 731
46, 306
33, 933
24, 150
28, 644
70, 123
42, 739
51,841
104
118
82
88
59
291
393
328
348
448
2,815
684
239
134
44
68
31
29
7
10
$5, 030
17, 342
19. 946
30, 328
26,292
211,045
579, 648
811.906
1, 203, 057
2, 024, 461
19, 358, 879
8, 312, 233
4,131,189
3, 042, 634
1, 233, 478
2. 326, 340
1, 405, 106
1, 664, 933
554. 365
1, 420, 130
70
73
78
60
50
189
201
91
72
35
87
38
11
12
5
5
2
2
$3, 714
10, 523
0.1-0.2
0.2-0.3
18 782
20, 776
0.4-0.5-
22, 262
0.5-1
137, 631
1-2
284, 795
2-3
218.711
3-4
247, 674
155, 516
4-5.
6-10
623, 215
10-15
465, 776
15-20
188, 091
20-25
262, 035
25-30
137, 638
30-40 -
174,811
40-50
92, 895
50-75
106, 414
75-100
2
283, 967
250-500
500-1,000
1,000 and over
Total
4,667
35, 841, 444
217
666, 018
6,320
48, 378, 342
1,083
3, 455, 226
83167— 3£
108
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years
Net income classes
Alabama
Arizona
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est.)'
1,414
164
2,872
3,596
2,058
2,159
2,214
846
4,051
1,159
1,861
1,709
541
1,305
81
979
32
720
6
1,018
694
424
336
243
191
124
102
106
77
256
132
78
84
35
18
12
4
6
$943, 588
74, 639
3, 405, 503
4, 628, 366
3, 583, 526
3, 690, 139
5, 031, 384
1,861,956
11,010,665
3, 268, 184
5, 936, 426
5, 535, 193
1, 982, 327
4, 865, 512
343, 225
4, 143, 157
147, 661
3,418,278
31,416
6, 553, 490
4, 486, 673
3, 162, 874
2, 843, 809
2, 302, 975
2, 002, 723
1, 425, 837
1, 271, 403
1, 4.34, 749
1,115,760
4, 3,54, 155
2, 948, 294
2,126,607
2,873,811
1, 555, 623
966, 713
773,917
304, 165
504, 214
910
20
1,499
1,453
1,065
1,716
1,218
721
1,984
688
754
884
230
783
60
642
10
464
6
695
381
179
113
105
67
38
41
15
24
71
46
12
16
14
8
1
1
4
2
3
$600, 966
11,844
1,789,933
1,901,209
1,867,195
2,951,547
2, 767, 761
1, 586, 948
6, 388, 187
1, 909, 156
2, 405, 763
2,873,294
844, 523
2, 940, 150
248. 249
2, 725, 613
47, 633
2, 198, 016
31, 433
3, 240, 618
2, 460, 161
1, 336, 491
951. 026
994. 778
697, 479
436, 946
612, 640
202, 057
347, 528
1, 221, 487
1, 005. 8.34
329. 027
556, 530
630. 461
433, 378
(2)
(n
.337, 855
330, 859
Under 1 (est.)
$2, 531
$280
1-1.5 (est.)'--
1-1 5 (est.)
23, 715
10, 524
1 6-2 (est.)' .
1 6-2 (est.) -
44, 697
34, 967
2-2 5 (est.)'
2-2 5 (est.)
29,829
24,839
2 5-3 (est.)'
2 6-3 (est.) -
24, 354
22, 041
3-3.5 (est.)'
3 3 5 (est.)
41, 206
25, 406
3 5-4 (est.)' -
3 5-4 (est.) --
44,999
36 313
4-4 5 (est.)' -
4-4 5 (est.)
46, 196
39, 211
4 5-5 (est. )'
4 6-5 (est.)
46, 587
38, 435
5-6 I -
5-6
94, 858
95, 719
83, 577
92, 590
89, 474
86, 965
69, 947
64, 237
79, 444
67, 532
304, 538
262, 099
229, 199
384, 613
252, 048
181,112
157, 749
79, 061
141,471
65, 691
6-7
66, 651
7-8
47, 165
8-9
40, 982
9-10
61,453
10-11
34, 721
11-12
24, 660
12-13 --.
30, 667
13-14
12, 495
14-15 -
23, 535
15-20 -
93, 844
20-25
96, 434
25-30
36, 942
30-40
77, 592
40-50
106, 320
50-60
82, 079
60-70
(')
70-80
(2)
80-90
94, 104
^O-lOO
(2)
100-150
3
1
1
(2)
(»)
118,275
150-200
200-250 -
250-300
300-400 -
400-500
50O-750
750-1,000
1,000-1,500
1,500-2.000 -
2.000-3.000
3 000-4.000
4 000-5.000 . -
5.000 and over
738, 661
314, 489
329, 917
93, 621
Total
31,712
106, 647, 588
3, 434, 836
16. 842
51, 444, 492
1, 429, 247
Summary for prior years: '
26, 141
23, 072
19. 962
20. 680
19. .532
22. 605
25.818
26. 891
27. 992
28. 540
80, 443, 944
69, 229, 199
53, 673. 478
54. 020. 284
70. 309. 297
93. 900. 510
122. 569. 172
142,167.220
133. 224. 614
136, 523, 003
1, 701, 528
1, 407, 104
978. 404
769. 932
640. 467
1.3.53. .584
2.087.718
4, 035. 792
2. 4.55, 166
2, 449, 196
13, 941
11,378
8,588
8.900
8. 035
10. 590
12. 448
11,527
11,059
10, 509
38, 298, 031
29, 802, 959
20,851,766
23, 354, 960
28, 745, 823
42. 775, 084
60. 788, 434
58. 368, 659
45,837,158
41, 716, ,578
647, 859
19,34
391, 723
265, 635
19.32
305, 405
247, 280
1930
584, 274
1,113,778
1928
1, 600, 309
1927
997, 800
1926
498, 896
For footnotes, see p. 132.
STATISTICS OF INCOME
109
Table 9. — Individual returns, 19S6, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Under 1 (est.)'---.
Under 1 (est.)
1-1.5 (est.)i
1-1.5 (est.) ,
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i
■2-2.5 (est.)
2.5-3 (est.)"
2.5-3 (est.)
3-3.5 (est.)"
3-3.5 (est.)
3.5-4 (est.)>
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.&-5 (est.)i
4.5-5 (est.)
5-6' --.
5-6
6-7. -
7-8 -
«-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25.-- ---.
25-30
30-40 -
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000 —
4,000-5,000
5,000 and over
Classes grouped 2.
Total
Summary for prior years: '
1935
1934
1933 - -
1932- -
1931
1930
1929
1928
1927-
1926
Arkansas
Number
of returns
837
65
1,372
1,120
1,098
908
1,446
402
2,098
588
950
977
264
776
64
631
24
418
4
642
,398
293
197
192
131
110
71
67
53
180
74
49
42
21
11
2
3
4
2
2
1
14,085
13.318
11,427
10, S'iO
9,873
12, 490
15,813
16, 6.60
17, 331
19, 363
Net income
$549, 312
41, 898
1, 664, 241
1,443,815
1,921,749
1, 558, 426
3, 306, 696
884, 721
5, 691, 217
1, 659, 073
3, 024, 850
3, 175, 768
976, 394
2, 918, 376
268, 839
2, 672, 138
113,910
1, 989, 187
20, 625
3, 514, 291
2, 579, 165
2, 185, 575
1, 670, 991
1,816,548
1, 369, 773
1, 257, 949
884, 583
901, 242
769, 694
3, 105, 714
1,652,355
1, 339, 031
1,431,436
923, 995
583, 757
(2)
224, 221
343, 635
(')
721, 435
61, 156, 625
43,351,163
38. 885, 585
29,366.515
24,716,119
29, 256, 385
43, 282, 986
68,910,9.36
71, 689, 792
75, 553, 896
84, 661, 070
Total tax
$1, 331
"'8,"i39
14, 485
"i2,'559
20, 177
"23,'758
'29,'3i5'
27, 167
62, 280
55, 266
58, 449
57, 144
71, 692
59, 165
59, 274
45, 653
50, 676
47, 228
217, 182
145, 597
150, 252
188,215
145, 942
109, 379
55, 345
95, 914
(')
m
0)
243, 738
2, 073, 666
796, 832
677, 515
370, 043
215, 937
107, 830
241. 787
712, 954
877, 747
1. 339, 952
1,481,272
California
Number
of returns
20, 551
672
45, 465
59, 660
26, 314
43,905
27, 263
18, 651
36, 284
17, 833
13, 806
21, 508
3,781
18, 361
730
12, 875
109
9,699
36
16, 954
10,920
6,400
4,167
2,945
2,279
1,836
1,493
1.239
1,039
3,398
1,711
1,126
1,314
584
386
233
159
109
66
165
54
14
8
14
9
3
436, 128
367, 757
315,766
286, 580
295, 650
248, 722
293, 048
309, 047
316, 73s
315, 566
315, 344
Net income
$13, 549,
397
54, 672
77, 101
45, 724,
75, 321
61, 817
41,176
98, 698,
49, 925,
44, 127!
69, 730:
13, 870
68, 735:
3, 055;
64, 501
509,
45, 912:
194
92, 671
70, 460,
47, 701
35, 304
27, 927
23, 885,
21, 099,
18, 630,
16, 694
15, 027,
58, 624
38, 252,
30, 719,
45, 135,
25, 975,
21, 105,
15, 023
11,853,
9, 229,
6,288
19, 464
9,053
3. 003
2, 153
4, 670
3, 964,
1, 654,
1, 494, 599, 201
1, 172,
908,
785,
841,
967,
1, 330,
1, 689,
1. 765.
1, 582,
1, 571,
303, 199
067, 116
354, 006
047, 708
099, 004
603, 655
896, 424
573, 139
576, 258
673, 688
Total tax
$11,933
403,"865
910, 239
'68i,"644
'547,"689
627, 005
814,604
823, 648
819, 746
1, 950, 060
1, 852, 965
1.593,186
1,441,675
1, 305, 185
1, 223, 155
1, 176, 690
1, 109, 678
1, 053, 686
1,007,110
4, 502, 476
3, 647, 407
3, 520. 324
6,247,912
4,316.896
4, 101, 868
3, 342, 816
2, 998, 882
2, 617, 333
1, 974, 054
7, 218, 074
4, 046. 843
1, 473, 089
1,130.060
2, 603, 710
2, 357, 041
976, 402
76, 428, 350
42, 033, 332
33, 380, 393
21,444,162
21, 635, 950
14, 732, 280
27,136,057
45, 360, 278
63, 707. 136
46, 044, 994
46, 238, 346
For footnotes, see p. 132.
no
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Colorado
Connecticut
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tai
Under 1 (est )■
2,271
176
3,634
4,697
2,609
3,198
2,994
1,318
3, 863
1,537
1,676
2,152
538
1,835
98
1,255
7
945
1
1,400
924
627
480
300
234
203
158
134
129
352
167
116
119
68
38
21
10
6
4
19
6
4
3
1
2
3
$1, 429, 766
93, 250
4, 352, 804
6, 034, 932
4,535,910
5,511,697
6, 804, 578
2, 899, 397
10, 441, 550
4, 331, 049
5, 351, 167
6, 989, 986
1, 978, 948
6, 841, 749
409, 480
5, 340, 840
32, 646
4, 467, 426
(2)
7, 648, 643
5, 977, 542
4, 672, 906
4, 060, 768
2, 853. 737
2, 450, 938
2, 332, 251
1,968,361
1,813,622
1, 865, 290
6, 067. 024
3, 753, 892
3, 170, 144
4,021,603
3, 040, 930
2, 100. 883
1,34.3,218
744, 919
508, 168
376, 198
2, 195, 664
1, 098. 849
903, 193
792, 082
(2)
m
1, 728, 580
5,367
647
21, 400
22, 400
6,724
8,843
6,093
3,857
10, 354
3,410
3,764
4,326
1,183
3,370
294
2.218
96
1,902
20
3,333
2,399
1,607
1,153
955
691
625
468
390
339
1,160
644
422
497
238
168
116
74
54
40
88
35
16
3
9
4
5
3
1
$3, 791, 810
332, 447
24, 972, 838
28, 308, 751
11,654,751
15, 076, 745
13, 843, 207
8, 549, 603
28, 095, 473
9, 529, 692
12, 067, 266
14, 031, 225
4, 342, 492
12,617,975
1, 234, 053
9, 404, 352
448, 698
9, 014, 641
106, 889
18, 224, 030
15, 499, 255
12, 013, 690
9, 774, 770
9, 048, 679
7, 240, 889
7, 184, 726
5, 842, 057
5,271,818
4, 900, 530
20, 046, 415
14, 365, 823
11,546,446
17, 056, 747
10, 660, 323
9, 219, 200
7, 543, 935
5, 514, 657
4. 556, 354
3, 804, 957
10. 413, 613
6, 008, 526
3, 578, 967
801, 357
3, 177, 860
1, 749, 504
3, 086, 059
(»)
Under 1 (est.) --
$3, 168
$11, 379
115 (est )'
1-1.5 (est.)
31, 142
133, 532
1 5-2 (est.) ' --
1 5-2 (est.)
65, 488
185, 699
2 2 5 (est )'
2-2 5 (est.)
47, 880
150, 359
2 5-3 (est.)'
2 5-3 (est.) - ---
40, 326
114,979
3 3 5 (e'^t )■
3-3.5 (est.)- -
56, 832
143,412
3 5-4 (est.)'
3.5-4 (est.)- —
64, 652
140, 332
4-4 5 (est )'
4-4 5 (est.) -.
60,288
139, 696
4 5-5 (est )'
4 5-5 (est.)
63, 895
154, 869
5-6 '
5-6 -.-
136, 140
141,092
131, 136
142, 251
113,409
109, 319
114, 707
105, 224
105, 405
115, 186
430, 239
349, 126
348, 450
536, 728
496, 120
474, 422
291, 499
184, 259
144, 272
115,910
802, 619
508. 860
447, 854
412, 794
0)
m
1,081,668
350. 779
6-7 -
358, 219
7-8
347, 989
8-9 --
345, 398
9-10
371,801
10-11
332, 648
11-12
362, 249
12-13 -
312,953
13-14 , - --
308, 681
14-15 -
303, 831
15-20 -
1, 458, 088
20-25 -- --
1, 325, 588
25-30 --
1, 284, 979
30-40
2. 310, 707
40-50 -.-
1,765,412
50-60 - --
1, 784, 996
60-70
1, 681, 521
70-80
1, 387, 437
gO-90
1, 287, 103
90-100
1, 194, 877
100-150 -
3, 866, 312
150-200
2, 708, 866
200-2.50 .-- -
1, 775. 883
250-300
418,371
300-400 .
1,796,126
400-500
1, 035. 219
500-750
1, 955, 202
750-1 000
C)
1 000-1 500
C)
1 500-2 000 ---
2 000 3 000
3 onO-4 000
1, 152, 961
662, 274
3, 551, 858
2. 377, 362
Total
40, 332
146, 498, 541
8, 934, 634
121, 805
439, 105, 953
35, 982, 854
Summary for prior years: '
1935
33. 475
31, 232
28, 725
30, 537
25, 279
28, 986
31, 268
31,091
31, 727
35, 110
108, 379. 317
94. 502. 319
74, 445, 866
82, 077, 771
96,661,700
125, 795, 609
158.751,528
158, 931, 875
148, 473, 486
154, 804, 655
4, 057, 259
3, 281. 526
1,710.477
1,815,932
1,378,043
2, 439, 796
3, 534, 404
4, 459, 057
3, 307, 180
2, 959, 248
100, 898
91,352
81, 850
86, 308
65, 306
74, 821
82. 049
81, 063
77, 778
81, 449
340, 303, 213
288, 693, 183
257, 310. 810
274, 908, 669
309, 351, 262
400. 674, 216
561, 547. 753
522, 496, 528
451, 001, 651
433, 776, 846
17, 227, 337
12, 325, 678
1933 --
8,691,835
8. 155, 965
1931
6, 067, 228
11, 435. 656
1929
23. 693. 045
23. 104, 139
1927
16.117,674
1926
13,751.314
For footnotes, see p. 132.
STATISTICS OF INCOME
111
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Delaware
District of Columbia
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est.)'
640
88
1,192
1,810
781
1,117
832
387
1,158
613
487
717
145
543
38
407
4
316
$413, 162
34, 728
1,421,087
2, 303, 222
1, 357, 923
1,933,884
1, 884, 131
858, 604
3, 145, 670
1, 717, 965
1, 559, 038
2,330,068
530, 184
2, 036, 484
159, 170
1, 712, 823
19, 256
1, 505, 060
2,242
233
9,780
12, 436
6,293
18, 627
4,772
8,670
7,573
5,214
3,707
5,397
1,063
4,590
195
3,396
40
2,718
11
3,167
1,819
1,056
705
516
386
284
220
187
157
483
296
168
186
102
62
19
18
16
8
33
9
2
3
1
1
1
$1,672,356
138, 409
12, 066, 089
16, 718, 887
10, 824, 225
31,948,836
10, 862, 432
19, 221, 288
20, 557, 616
14, 331, 146
11,836,864
17,476,294
3, 923, 321
17, 230, 660
817,851
14,421,010
184, 548
12,864,388
57, 726
17, 293, 562
11,753,523
7, 886, 100
5, 979, 173
4, 894, 438
4, 040, 311
3, 260, 066
2,746,047
2, 524, 549
2, 272, 916
8, 362, 823
6, 558, 582
4, 617, 546
6,344,711
4, 556, 562
3, 394, 259
1, 220, 018
1, 340, 671
1, 353, 132
757, 039
4, 008, 575
1, 498, 973
802, 642
(2)
(')
(»)
Under 1 (est.)
$1,067
$3, 841
1-1 5 (est )i
1-1 6 (est.)
11,836
109,957
1 5-2 (est )i
1.5-2 (est.)
24, 782
390, 764
2 2 5 (est )'
2-2.5 (est.)
15, 573
323. 859
2 5-3 (est.)'
2 5-3 (est.)
19,388
212, 701
3 3 5 (est )'
3-3 5 (est.)
22, 590
200,438
3 5-4 (est )' .
3 5-4 (est.)
20,564
195, 493
4-4 5 (est )i
4-4.5 (est.)
23, 620
195,662
4 5-5 (est.)'
4 5-5 (est.)
22, 184
190,910
5-61
5-6
457
307
211
176
131
115
100
83
65
59
193
115
81
94
57
35
35
15
16
15
38
18
12
3
7
6
8
5
4
2
1
2, 505, 232
1,991,989
1, 582, 159
1, 489, 520
1,238,025
1, 210, 621
1, 149, 732
1, 041, 962
879, 626
854, 803
3, 298, 209
2, 534, 776
2, 230, 121
3, 221, 715
2, 527, 691
1, 876, 230
2, 235, 926
1, 126, 866
1, 356, 662
1, 425, 170
4, 575, 004
2, 999, 743
2, 699, 580
801, 516
2, 353, 653
2, 652, 229
4,984,928
4, 447, 431
4, 950, 799
48, 150
46, 525
46, 997
53, 015
51,369
54, 884
55, 830
58, 874
50, 404
54, 878
240, 743
233, 708
251, 446
444, 044
416,518
359, 036
491, 531
289, 145
384, 696
448, 757
1, 724, 959
1,341,363
1, 343, 157
420, 327
1,317,570
1, 574, 511
3, 164. 283
2, 973, 859
3, 447, 600
(2)
312, 144
€-7
267, 433
7-8
219, 562
8-9
205, 910
9-10
194, 720
10-11
180, 722
162, 956
12-13
146, 141
146, 413
14-15
137, 766
595, 123
20-25....
584, 688
505, 315
30-40
852, 487
747,070
50-60
644,835
263, 926
70-80
335, 434
80-90
384,347
90-100
233, 979
100-150
1, 514, 703
150-200
665, 228
0)
250-300
418,883
«
400-500
(»)
500-750
(')
750-1,000
1,000-1,500...
1
(')
(2)
1,500-2,000
3,000-4,000
Classes grouped '
5, 530, 403
3, 989, 072
2, 847, 502
1,747,489
Total
13, 739
96, 694, 780
25, 538, 755
106, 863
327, 467, 666
13, 290, 899
1935
11,371
10, 620
9,910
9,822
8,284
9,342
9,780
9,592
9,266
9,301
64,759,925
55, 073, 452
45, 536, 527
46, 026, 220
51,044,537
64, 913, 288
148, 850, 300
107, 335, 477
90, 262, 899
70, 544, 423
11,401,715
9, 312, 466
5, 042, 284
4, 396, 328
2, 283, 901
3, 927, 732
14, 524, 946
10, 592, 886
7, 970, 035
5, 100, 884
95, 271
82, 871
69, 967
73, 501
51, 920
51, 044
48,087
44, 183
39, 560
40,024
268, 667, 106
234, 925, 250
192, 795, 436
213, 475, 879
200, 628, 347
217, 558, 448
242, 282, 698
227, 620, 606
198,938,042
198, 055, 768
7, 175, 849
1934.
5, 653, 864
1933
4, 625, 042
5, 115, 177
1931
2,974,707
1930
4, 200, 940
1929.
6, 408, 622
1928
7, 474, 643
1927
6, 027, 133
1926
5, 526, 436
For footnotes, see p. 132.
112
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Number
of returns
Florida
Net income
Total tax
Number
ofreturns
Georgia
Net income
Under 1 (est.) '.
Under 1 (est.) —
1-1.5 fest.) >
1-1.5 (est.).
1.5-2 (est.) I
1.6-2 (est.).
2-2.5 (est.) 1
2-2.5 (est.).
2.5-3 (est.) '
2.5-3 (est.).
3-3.5 (est.) >
3-3 5 (est.)-
3.5-4 (est.) '
3.5-4 (est.).
4-4 5 (est.) 1
4-4.5 (est.) -
4.5-5 (est.)'
4.5-5 (est.)-
fi-6i
«-6
6-7.
7-8
8-9-
9-10.-
10-11-
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60-
60-70
70-80
80-90
90-100
100-150
150-200
200-2.50
250-300
300-400
400-500
500-750
750-1,000-
1,000-1,500-
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
Classes grouped '.
Total
Summary for prior years: '
1935
1934-
1933-
1932
1931
19.30
1929-
1928-
1927
1926 -
2,796
199
3,910
3,573
2,998
2,461
3, 185
1.301
4,831
1, 6.53
1,683
2,286
745
1,711
149
1,216
46
1,069
6
1,850
1,312
900
666
516
399
319
280
222
168
550
321
180
179
117
67
39
28
24
16
34
16
9
3
6
$1, 763, 587
107, 941
4, 766. 635
4, 596, 861
5, 235, 046
4, 220, 629
7, 196. 701
2, 863. 735
13. 185. 727
4. 665, 350
5,381,069
7, 437, 544
2, 752, 153
6, 414. 123
618.426
6, 147. 194
218.083
6, 058, 349
32, 117
10, 137, 397
8, 486. 108
6, 723. 145
5,641,170
4,897,418
4, 169, 267
3, 659, 980
3, 494. 437
2, 993, 352
2, 435, 730
9, 398, 926
7,181,283
4, 925, 352
6, 207, 891
5, 248, 478
3, 632, 882
2, 538, 985
2, 070, 716
2, 045, 216
1, 488, 988
4, 146, 497
2, 717, 283
2, 001, 207
825, 184
1, 978, 925
2, 654, 962
$3, 331
'26,182'
51,421
47, 290
39, 740
'53^472'
63,313
'62,'7io"
73, 889
182.854
192.112
184. 204
192. 644
197, 278
185. 635
179. 134
189,811
171,769
148.291
660. 403
658, 161
547, 323
847, 162
870, 389
693. 023
565, 917
517, 519
583, 216
4.58,811
1,571,317
1, 221, 936
992, 590
436, 921
1, 071, 949
1, 578, 351
(')
2,005
262
5,060
5,127
3,237
2,685
3,541
1,241
6,329
1..897
2.504
2,670
896
2,236
182
1,715
45
1,077
4
1,543
1,099
806
586
408
316
261
206
175
155
476
262
135
170
74
31
27
12
10
14
22
$1,362,641
136, 833
6, 071, 791
6, 546. 164
5, 636, 044
4, 580, 370
8, 012. 365
2, 745. 647
17,218,018
5, 338, 828
8,019,890
8, 698. 426
3. 318, 626
8. 389, 622
763, 047
7, 265, 021
209, 867
5, 103, 895
20, 714
8, 430, 690
7,117,743
6, 032. 819
4, 974. 250
3. 867. 748
3, 310, 748
2. 994. 969
2.571,597
2.361. 137
2, 247, 195
8, 192, 969
5. 868, 244
3, 687. 855
5. 726, 321
3, 272. 679
1, 680, 156
1, 7.50, 156
895,511
836, 404
1, 343, 139
2, 562, 930
1, 448, 377
(.')
W
(')
4, 343, 158
3, 088, 153
1, 014, 977
44,048
197, 705, 207
18, 608, 221
49, 512
181, 626, 423
38, 021
32, 550
28, 775
29, 303
25, 340
28, 133
30, 040
32, 155
40, 080
56, 109
144, 693, 408
112,102,614
84, 718, 099
88, 451, 612
105, 215, 176
126, 910, 394
164, 355, 108
178, 843, 603
206. 917, 6,57
322, 601, 033
8, 933, 457
5, 597, 287
2, 671, 623
2, 557, 631
2, 219, 520
2, 840, 391
5, 936, 377
7, 714, 261
6, 047, 244
10,415,636
46, 702
38, 137
32, 229
31, 730
25, 729
28, 996
32, 289
32, 921
33, 818
36, 744
150, 963, 172
122, 612, 284
94, 892, 882
92, 882, 516
102, 907, 022
128, 081, 049
16.3, 181, 491
167, 063, 587
167, 407, 479
171, 146, 482
For footnotes, see p. 132.
STATISTICS OF INCOME
113
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Hawaii
Idahio
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est.) •
851
46
1,677
2,243
869
984
841
530
1,654
544
666
621
271
571
54
380
22
221
11
535
338
235
162
110
115
71
66
40
44
125
91
39
59
32
25
12
14
10
8
16
7
3
$485, 004
24, 969
2, 013, 877
2, 834, 028
1, 520, 951
1, 672, 223
1, 921, 298
1, 186, 778
4, 484, 486
1, 501, 806
2, 144, 779
2, 016, 507
1, 000, 799
2, 153, 426
226, 958
1, 605, 174
103, 749
1, 053, 891
58, 668
2,916,811
2, 182, 459
1, 755, 599
1, 371, 222
1, 04.3, 396
1, 204, 025
818, 636
818, 439
543, 099
636, 285
2, 132, 772
2, 008, 742
1, 060, 858
2, 069, 504
1, 420, 006
1, 345. 698
789, 401
1, 045, 533
838, 770
752, 689
1,867,516
1, 169, 829
(2)
259
8
1,545
1,752
737
1,269
511
581
1,965
589
724
759
227
782
60
616
26
401
7
561
327
160
68
46
35
28
28
13
22
41
29
8
12
3
$156, 114
5,757
1, 820, 330
2, 272, 151
1, 267, 027
2, 175, 953
1, 141, 668
1,291,201
5, 335, 048
1, 637, 090
2, 307, 886
2, 475. 608
830, 481
2, 932, 615
249, 780
2, 606, 051
122, 835
1, 896, 169
36,486
3, 062, 380
2, 108, 566
1, 194, 991
573, 126
438, 788
366, 942
323,648
353, 865
172, 252
320, 740
680, 868
627, 019
219, 865
417, 229
Under 1 (est.)
$911
$126
1-1.5 (est.) 1
1-1.5 (est.)
13, 043
11 598
1.5-2 (est.) >
1.5-2 (est.)
19, 777
24, 912
2-2.5 (est.) 1
2-2.5 (est.)
19, 455
18, 927
2.5-3 est.) 1
2.&-3 (est.)
16,100
18,898
3-3.5 (est.) 1
3-3.5 (est.).
16,425
23,97S
3.5-4 (est.) 1
3.5-4 (est.)
19, 101
35, 299
4-4.5 (est.) 1
4-4.5 (est.)-
18, 798
37, 248
4.5-5 (est.) '
4.5-5 (est.)
15,323
30, 923
5-6 1
5-6
49. 214
47, 118
51, 268
45, 751
42, 450
54,265
40, 724
41, 503
30, 606
38, 167
152, 682
184, 047
117,888
286, 259
233, 955
253. 480
178. 069
262. 264
241, 618
234, 197
689, 730
521,442
(2)
61, 010
53,289
40, 251
23 389
6-7
7-8
8-9
9-10
21 171
10-11.
19, 889
18 951
11-12.
12-13
22,250
11, 198
13-14
14-15
22,090
52, 071
61, 520
15-20
20-25
25-30
25,728
60,007
(»)
30-40
40-50
60-60
60-70
70-80
2
(»)
(')
80-80..
90-100
100-150.
150-200
200-250
250-300
300-JOO
1
(')
(0
400-500
800-750
760-1.000.
1,000-1,500
1,600-2,000
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
936, 907
472, 673
271,975
67, 710
15, 214
58. 737, 567
4, 408, 203
14, 201
41, 692, 504
752, 433
1935
13, 262
11.252
10, 835
12, 192
7,328
7,869
8,210
8.047
9,252
9,146
46, 901, 822
37.515,719
34, 357, 940
37. 277. 185
33, 869. 092
37. 245. 940
43. 290. 997
43.349.731
44.618,510
42, 950. 279
2, 396, 253
1, 563. 069
1, 140. 546
1, 101. 535
815.673
972, 216
1, 220. 345
1,311.756
1, 200. 544
1, 096, 213
11,005
S.932
01,072
6,788
6.684
7,852
9.830
9.808
10, 673
11,617
29, 803, 013
23, 636. 891
14. 582, 154
.13. 688. 578
18. 350, 071
27. 757, 374
38, 625. 958
37, 121, 872
38, 448, 758
39,887,951
351, 103
1934
281,770
1933
130. 027
1932
97. 113
1931
46. 045
1930..
128, 290
1929
184, 325
1928
283. 172
1927
247, 272
1926
184, 344
For footnotes, bm p. 132.
114
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Under 1 (est.)'
Under 1 (est.).
1-1.5 (est.) 1...,
1-1.5 (est.). —
1.5-2 (est.)'-..
1.5-2 (est.)
2-2.5 (est.)"...
2-2.5 (est.)
2.5-3 (est.) I...
2.5-3 (est.)....
3-3.5 (est.)'-. -
3-3.5 (est.)
3.5-4 (est.)i...
3.5-4 (est.)
4-4.5 (est.)i.—
4-4.5 (est.)
4.5-5 (est.) '„-
4.5-5 (est.)
5-fii
5-6-
6-7
7-8
9-10-
10-11
11-12
12-13
13-14
14-15
15-20-
20-25
25-30
30-40
40-50
50-60
60-70
70-80 -
80-90_
90-100_
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000-
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
Classes grouped '-
Total.
Summary for prior years: '
1935
1934
1933
1932—
1931
1930
1929
1928-
1927
1926
Illinois
Number
of returns
15, 243
1,456
49, 599
37, 989
24, 593
39, 599
24, 956
20, 212
44,145
15, 288
18, 714
18, 834
5,171
17,817
1,259
14, 161
178
10, 617
44
13, 601
8,992
6,411
4,587
3,438
2,654
2,202
1,845
1,408
1,269
4.238
2,280
1,394
1,556
879
537
298
198
134
111
226
75
38
17
22
3
6
4
4
1
345, 857
310,456
282, 360
286, 888
270, 759
327, 631
369, 855
373, 621
378, 859
374, 725
Net income
$10, 525, 936
784, 130
58, 955, 649
49, 571, 803
42, 499, 037
68, 201, 292
56, 754, 123
44, 641, 327
119,849,284
42,521,464
59,731,358
61,343,486
19, 022, 085
66, 807, 810
5, 258, 328
60, 075, 937
826, 197
50, 269, 471
233,411
74, 206, 889
58, 161, 760
47, 901, 888
38, 856, 106
32, 586, 977
27, 812, 887
25, 281, 364
23,034,016
19, 016, 343
18, 394, 101
73, 056, 195
50, 724, 489
38, 080, 356
53, 525, 637
39,167,511
29, 346, 893
19,321,036
14, 783, 798
11,392,939
10, 526, 932
27, 017, 687
12, 780, 912
8, 344, 417
4, 777, 706
7, 492, 912
1, 365, 087
4, 076, 613
3, 581. 969
(2)
w
6, 547, 557
1, 599, 035, 105
1,171,833,651
1, 006, 927, 934
848, 918, 593
872,941,170
1,182,411,350
1, 630, 447, 207
2, 258, 945, 768
2,392,631,092
2, 093, 908, 574
1,995,011,009
Total tax
$24, 063
'288^105"
"850,'090'
754, 983
539, 592
560, 638
686, 874
'73i,"067'
717, 439
1, 304, 468
1, 275, 649
1, 317, 722
1, 300, 229
1, 266, 900
1, 216, 996
1, 231, 069
1, 209, 638
1,092,165
1,110,913
5, 167, 564
4, 512, 661
4, 161, 528
7,217,475
6, 403, 292
5, 595, 372
4,253,179
3, 682, 038
3, 220, 232
3, 259, 497
10, 083, 917
5, 734, 183
4,116,769
2, 530, 322
4, 193, 145
814, 805
2, 622, 329
2, 402, 055
(»)
(»)
4, 586, 957
102, 035, 920
51, 134, 158
40, 398, 845
28, 596, 559
23, 914, 230
22, .502, 123
43, 703, 471
86, 825, 072
110,659,199
73, 796, 361
64, 213, 839
Indiana
Number
of returns
4,421
226
11, 781
16, 219
7,072
8,458
6,716
2,961
12, 296
3,779
4,996
4,652
1,263
3,327
376
2,201
99
1,540
10
2,647
1,786
1,183
849
681
471
388
341
290
265
791
410
223
237
137
17
41
16
16
12
31
12
7
82, 436
69, 623
61,675
63, 722
54, 534
65, 679
76, 493
75, 376
76, 703
77, 126
Net income
$3, 033, 003
107, 357
14,342,590
20, 889, 995
12, 138, 195
14, 391, 176
15, 361, 085
6, 532, 847
33, 402, 024
10, 636, 198
15, 946, 932
15, 136, 609
4, 646, 961
12, 420, 362
1, 570, 550
9, 339, 643
468, 454
7, 316, 502
55, 072
14, 450, 003
11,557,813
8, 841, 605
7, 200, 100
6, 461, 555
4, 935, 664
4, 459, 210
4, 256, 534
3, 915, 093
3, 838, 908
13, 547, 064
9, 133, 654
6, 106, 338
8, 068, 758
6, 144, 036
3, 887, 501
2, 642, 945
1,193,843
1, 371, 333
1, 137, 047
3, 870, 705
2,114,121
1, 577, 059
(?)
(^
{')
3, 574, 781
332, 021, 225
245, 979, 617
198, 442, 985
161, 600, 241
168, 607, 693
204, 130, 790
280, 940, 214
366, 846, 042
365, 336, 866
349, 434, 464
358, 624, 820
For footnotes, see p. 132.
STATISTICS OF INCOME
115
Table 9. — Individual returns, 19S6, by Slates and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Iowa
Kansas
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est )' -
6,125
187
9,348
8,589
4,858
4,705
6,120
2,033
6,714
2,324
2,339
2,895
619
2,104
133
1,369
22
1,164
12
1,567
1,004
662,
475
332
249
185
173
118
102
350
157
119
91
46
23
9
11
1
1
7
2
1
$4, 111, 590
107, 851
11, 063, 309
10, 936, 648
8, 420, 431
8, 074, 910
13, 897, 064
4, 495, 404
18, 224, 885
6, 548, 857
7, 431, 837
9, 383, 461
2, 290, 709
7, 856, 437
557, 860
5, 801, 818
103, 741
5, 516, 713
63, 927
8, 534, 042
6,477,454
4, 935, 134
4,021,512
3, 147. 127
2. 599, 955
2, 122, 383
2, 156, 855
1, 594, 304
1,473,312
6, 045, 465
3,486.053
3, 251, 822
3, 120. 233
2, 017, 269
1, 247. 503
577. 107
821, 006
8
832, 463
4,024
140
5,121
2,695
3,980
3,957
4,502
1.801
4.880
1,437
1,608
2,130
714
2,207
116
1,741
36
1,240
12
1.428
879
602
429
327
214
173
134
108
77
272
140
97
72
29
23
8
7
6
4
4
$2, 633, 762
89, 595
6, 222, 240
3, 613. 801
6.951,909
6, 827, 446
10,227,492
3, 992, 024
13, 241. 756
4.007,005
5, 125, 223
6. 910, 194
2, 629, 425
8, 258, 217
485, 544
7,376,407
170, 623
6, 850, 210
63, 575
7, 803. 638
6, 663, 678
4,491,114
3, 636, 303
3, 105, 471
2. 244, 048
1, 982, 361
1, 678, 663
1,455,695
1,116,241
4, 664, 514
3, 127, 507
2, 635, 653
2,453,075
1, 272, 771
1, 248, 815
614.705
616, 644
609, 580
377, 456
443,026
Under 1 (est.) -
$3, 293
$2,254
1-1 5 (est )i
1-1.5 (est.) --
63,467
25, 648
15 2 (est )i
1 5-2 (est.)
98, 719
84, 983
2-2 5 (est)'
2-2.5 (est.) -
74, 773
68, 729
2 5-3 (est. )i -
2.5-3 (est.)
68, 168
48,902
3 3 5 (est )'
3-3 5 (est.) -
71,461
66,713
3 5-4 (est.)i -
3 6-4 (est.)
75, 846
84,094
4 4 5 (est )'
4-4.5 (est.)
73, 191
89, 879
4 5-5 fest )i -
4.5-5 (est.) -
79,263
87, 681
5 6 I
6-6
147, 486
138, 930
135,536
136, 103
121, 716
115.433
103, 732
114. 974
89. 269
87. 355
427. 741
311,787
360, 099
413, 054
329, 912
238, 598
126. 427
208. 944
(2)
«
309, 257
(')
139,004
6-7
125,048
7-8
124, 869
8-9
126,016
9-10
121, 994
10-11
98, 993
97, 147
12-13
90. 177
83, 199
14-15 -
67, 312
331,687
20-25
278,436
284, 973
30-40
325,246
202, 370
50-60
233, 367
109, 871
70-80
128,647
80-90
146, 498
90-100 - -
116.429
165. 536
150-200
250-300
400-500
750 1 000
1,500-2 000
3 000-4 000
770,007
337,038
67, 345
184, 118. 458
4, 840, 661
47, 374
146, 617, 405
3, 944, 602
1935
67, 788
47,871
40, 329
42.624
29, 850
39, 917
45, 023
40, 789
45, 349
49, 476
148. 525. 910
119,454,155
96, 835, 681
109. 841, 833
119,218,130
174, 965, 757
222, 103, 300
221, 881, 247
190, 436, 034
203,015,362
2, 790, 513
2,005,786
1, 441, 695
1, 403. 991
1. 137. 299
2, 355, 567
3, 924, 823
6,216,041
3, 310, 099
2,917,845
39, 492
35, 600
30, 738
29, 643
27, 495
32, 660
37, 557
32, 929
35, 575
32. 732
111,40'4,165
91, 867, 863
71, 777, 244
73,547.043
91.616,462
127, 629, 176
181.661,364
162, 394, 758
157, 394, 402
163, 673, 206
2,041,689
1,499.260
1933
1,018,001
1, 223. 811
1931
880, 318
1, 480. 343
1929
2, 547, 829
2, 928, 097
1927.
2, 240, 877
2, 756, 049
For footnotes, see p. 132.
116
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: miniber of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Kentucky
Number
of re-
turns
Net income
Total tax
Louisiana
Number
of re-
turns
Net income
Under 1 (est.)«-
Under 1 (est.)..
1-1.5 (est.)'
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.)
2..5-3 (est.)i
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)i
4.5-5 (est.;
5-6'
5-6
6-7
7-8
8-9
e-io_
10-11.
11-12.
12-13
13-14
14-15
15-20
20-25
25-30.
30-40
40-50
50-60
«0-70
70-80
80-90..
90-100
100-150
150-200.
200-250...
250-300
300-400
400-500
500-750_
750-1,000
1,000-1,500
1,500-2,000
2,000-3.000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped ».
Total
2,378
146
6,493
3,874
2,747
3,435
3,489
1,849
5,034
1,426
2,104
1,952
536
2,035
106
1,404
69
1,126
17
1,489
999
681
460
393
276
211
172
140
127
415
210
112
120
66
38
16
13
4
$1, 609, 064
85, 693
6, 566, 667
5, 019, 278
4, 749, 654
5, 924, 467
7, 933, 460
4, 098, 027
13, 702, 535
3, 997, 138
6, 706, 189
6, 352, 227
1, 981, 865
7, 613, 487
446, 493
6, 977, 906
321,010
5, 322, 680
90, 319
8, 158, 847
6, 467, 022
5, 083, 971
3, 898. 688
3, 728, 413
2, 884, 448
2,421,891
2, 152, 646
1, 885, 945
1, 832, 902
7,112,598
4, 623, 829
3, 058, 022
4, 161, 955
2, 935, 203
2, 061, 453
1, 031, 779
970, 123
335, 575
847, 979
1, 801, 473
$2,560
"28," 778
74, 298
"76," 972
51, 389
"59," 737"
76, 294
74, 007
75, 525
144, 745
144, 615
144, 302
129, 879
149, 863
126, 993
120, 180
114,263
106, 892
107, 964
507, 628
408, 103
333, 888
561, 074
482, 323
383, 979
228, 076
244, 462
93. 431
259, 706
674, 424
(0
'(">")"
'(»")"
2,042
11
6,034
4,302
3,087
2,408
3,132
1,214
4,611
1,421
2,500
1,854
764
1,672
241
1,433
35
1,015
16
2,215
1,334
779
475
338
252
181
147
159
101
343
181
76
159
66
46
31
14
7
4
10
7
7
1
2
$1, 366, 338
6,085
6, 044, 559
5, 508, 219
5, 325, 695
4. 137, 671
7,119,388
2, 699, 938
12, 558, 067
3, 982, 079
8, 045, 743
6, 040, 553
2, 819, 670
6, 260, 938
1, 010, 796
6, 077, 534
165, 756
4,816,168
87, 226
12, 094, 167
8, 595, 575
5, 804, 702
4,014,115
3, 201, 795
2, 636, 815
2, 082, 372
1, 833, 596
2, 142, 789
1, 471, 305
5, 889, 496
3, 981, 878
2, 069, 039
5, 470, 402
2, 945, 386
2, 535, 177
1, 985, 572
1, 036, 048
592, 740
373, 965
1, 111, 579
1. 138, 219
1, 574, 319
(2)
(')
«
Summary for prior years:
1935....
1934.
1933
1932....
1931
1930.-..
1929
1928
1927
1926
1, 054, 446
601, 679
1, 411, 195
45, 189
157, 007, 367
6, 681, 929
43, 728
160, 054, 669
39, 763
35, 333
32, 332
32, 454
26, 991
31,021
34, 623
35. 367
33, 004
32, 821
125, 101, 178
107, 389, 715
90, 753, 614
89. 484, 542
103, 279, 5.56
135, 098, 479
191, 640, 708
193, 766, 254
172, 582, 213
169, 100, 987
3, 742. 279
2, 726, 762
2, 024, 772
1, 554, 630
1,012,557
1, 926, 048
5, 076, 854
6, 639, 394
4, 027, 734
3, 226, 344
40, 123
36, 871
33, 094
33, 974
28, 934
32, 979
35, 093
36, 981
37. 293
38, 996
122, 582, 017
106, 168, 279
86, 809, 253
92, 164, 323
107, 673, 824
138, 836, 043
170. 713, 998
184, 035. 325
175, 254, 161
185, 478, 850
For footnotes, see p. 132.
STATISTICS OF INCOME
117
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Maine
Maryland
Number
of re-
turns
Net income
Total tax
Number
of re-
turns
Net income
Total tax
Under 1 (est.)'
1,356
170
3,513
2,900
1,450
1,714
1,646
842
2,318
886
1,036
1,147
320
993
71
673
29
551
4
830
556
404
295
227
153
127
105
68
66
235
136
55
61
45
20
18
9
5
3
13
2
2
$929, 256
84, 458
4,156,367
3, 684, 077
2, 529, 521
2, 931, 954
3, 746, 872
1, 879, 052
6, 298, 625
2, 479, 604
3, 317, 650
3,721,410
1,174,049
3,711,920
299, 646
2, 865, 944
137, 102
2,605,127
20,968
4, 534. 690
3, 597, 561
3. 003, 484
2, 488, 590
2, 146, 109
1, 604, 421
1,459,508
1,313,251
915,111
957,411
4, 066, 782
3,019,879
1,503,427
2,091,909
2,006,621
1, 105, 434
1, 159, 273
689, 692
425, 708
288, 830
1, 552, 660
W
m
4,529
418
11, 593
10, 183
5,326
9,365
5,721
4,387
11.213
3,833
4,987
4,387
2,023
5,228
416
3,549
100
3,189
28
4,347
2,577
1,607
1,127
802
630
525
424
331
283
929
490
276
327
171
110
70
40
27
19
58
15
4
$2,994,449
205, 912
13, 812, 020
13, 209, 526
9, 252, 194
16, 205, 593
13, 029, 596
9, 735, 288
30, 480, 903
10, 658, 490
15, 929, 825
14, 341, 343
7,458,086
19, 579, 834
1, 728, 030
15, 048, 463
472, 980
15,113,029
150, 560
23, 807, 348
16, 624. 200
11,967,614
9, 542, 660
7, 588, 248
6, 601, 785
6, 031, 691
5, 291, 626
4, 455, 246
4, 096, 986
15, 928, 934
10, 925, 130
7, 515, 968
11,304,991
7, 601, 586
5,991,486
4, 524, 753
2,977,015
2,271,102
1,791,908
6, 823, 542
2, 561, 472
892, 761
Under 1 (est.)
$2, 845
$6, 408
1-1 5 (est.)i
1-1.5 (est.)
19,039
74, 419
1.5-2 (est. )i
1.5-2 (est.)
36, 583
197, 988
2-2.5 (est.)i
2-2.5 (est.)
32, 781
166, 550
2 5-3 (est )'
2..'i-3 (est.)
27,893
139, 190
3-3 5 (est.)i
3-3.5 (est.)
33,188
132, 589
3 5-4 (est )'
3.5-4 (est.)
42,249
208, 577
4-4 5 (est.)'
4-4.5 (est.)
36,007
183, 935
4.5-5 (est.)'
4.5-5 (est.)
43, 910
211,787
5-fii . .
5-6
86, 346
83, 557
86, 538
89,082
85, 211
74, 891
73, 297
71, 949
52, 678
62, 420
292, 805
270, 557
168, 717
285, 081
330, 790
216,427
257, 354
176, 153
125, 325
92, 694
580, 047
(»)
419, 362
■6-7
376, 098
7-8
335, 702
8-9
330, 617
9-10 -
299, 429
10-11
299, 347
11-12
303, 596
12-13
283, 663
13-14
255, 777
14-15.
252, 887
15-20
1. 125, 843
20-25
999. 380
25-30
830, 601
30-40
1, 522, 803
40-50
1,242,079
50-60
1. 144, 800
60-70
1,001,132
70-80
747, 916
80-90
640, 248
flO-100
558, 442
100-150
2,515,119
150-200
1, 157, 653
200-250
442, 193
250 300
300-400
1
W
(»)
2
4
1
1, 748, 054
(»)
400-500
1,037,522
500-750
2
(«)
(>)
(')
750-1 000
1,000-1,500
2
«
«
1,500-2 000
2,000-3,000
4,000-5,000
Classes grouped '
2, 355, 268
i, 344, 869
3, 316, 346
2, 160, 767
Total
25,057
88, 859, 221
5, 181, 283
105, 673
391, 588, 573
21, 594, 419
Summary for prior years:'
1935
21, 826
20, 584
19. 435
20, 867
16,218
17, 829
19, 173
18,611
18,710
19, 709
69, 455, 451
63, 204, 584
55, 819, 385
62,981,334
74,771,180
90, 690, 507
115,875,339
111,558,275
103, 080, 848
107, 979, 178
2, 567, 514
2, 207, 930
1,865.414
1,597,284
1, 527, 436
1, 827, 849
3, 561, 754
4, 262, 498
3, 300, 741
3, 419, 490
92, 550
84, 395
76, 409
83, 223
60,898
68, 426
68, 654
65, 258
65, 099
67, 160
316, 888, 322
282, 624, 171
244,613,015
265, 618, 871
277, 129, 170
354, 627, 248
425, 185, 985
409, 371, 465
390,671,215
375, 758, 859
12,013,217
1934
11,040,490
1933
8,488,451
1932....
7, 978, 435
1931
5, 528, 213
1930
9,796,084
1929
15, 641, 824
1928
16, 126, 803
1927.
13,859,686
1926....
11, 517, 168
For footnotes, see p. 132.
118
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Massachusetts
Michigan
Number
of
returns
Net income
Total tax
Number
of
returns
Net income
Total tax
Under 1 (est.) '
16, 027
1,925
47, 843
27, 129
19, 124
24, 568
18,418
14,011
22, 649
10 835
8,854
11, 147
3,007
9,194
635
7, 919
203
6,161
29
7,699
5,134
3,640
2, 637
2,035
1.737
1, 364
1,105
928
834
2, 517
1,489
919
1,006
569
307
217
136
84
65
131
38
26
13
7
1
4
$11,161,201
913, 882
56, 223, 987
35. 380 602
33, 094, 968
42, 440 419
41, 687, 712
31, 099, 926
61, 371, 430
30, 029, 219
28, 278, 614
36, 205, 076
11,070 667
34,419,812
2, 664, 520
33, 588, 106
938, 047
29, 184, 913
153, 964
42, 064, 632
33, 197, 773
27, 188, 140
22, 354, 527
19, 307, 617
18, 202, 181
15,648,811
13, 785, 799
12, 513, 329
12,078,153
43, 599, 197
33, 157. 704
25, 088, 990
34, 716, 762
25, 3.39. 012
16, 693, 798
13, 956, 0,53
10 172, 995
7,091,124
6, 104, 266
15, 634, 937
6, 629, 896
5, 800 761
3, ,540, 900
2, 290, 140
m
8,161
432
30, 593
16, 521
17, 400
29, 856
13, ,546
12, 940
26, 586
6,940
10 8.53
9, 050
3.132
10, 582
802
8,612
174
6,384
40
6,235
4,252
2.894
1,981
1,614
1,248
978
823
661
588
1,869
1, 057
588
720
383
225
182
97
76
58
117
51
22
11
12
4
5
4
1
$5, 616, 509
259, 408
36, 768, 636
22, 590, 658
29, 992, 405
51, 338, 303
30. 752, 375
28, 630. 534
72,191,436
19, 125, 634
34, 697, 833
29, 519, 754
11, 534, 354
39. 683. 733
3, 363, 963
36. 494, 009
821, 233
30 342, 763
215. 019
34, 054, 263
27, 480, 530
21, 620 940
16, 797, 280
15, 298, 925
13, 092, 461
11,245,825
10 252,223
8, 921, 825
8, 529, 319
32, 176. 498
23, 543, 410
16, 012, 521
24, 761, 865
17, 119, 128
12, 223, 608
11,717,060
7, 221, 502
6, 449, 976
5, 508, 164
14,211,458
8, 800 945
4, 948, 444
2, 998, 370
4,141,965
1, 818, 2.33
2, 889, 216
3, 578, 726
Under 1 (est.)
$28, 581
$8, 915
1-1.5 (est.) 1
1-1.5 (est.)
217, 596
164. 114
1 5-2 (est.) 1 ....
1.5-2 (est.)
549, 415
641, 046
2-2 5 (est.) 1 .
2-2.5 (est.)
548, 753
486, 988
2 5-3 (est ) 1
2.5-3 (est.) -
446, 476
297, 310
3 3 5 (est.) '
3-3.5 (est.)
432, 764
314, 187
3 5-4 (est ) '
3.5-4 (est.)
4-4 5 (est.) 1 . -
427, 120
418, 798
4-4.5 (est.)
489, 119
431, 666
4 5 5 (c^t ) 1
4.5-5 (est.)
468, 114
420. 627
6-6 >
5-6
814,431
798, 805
803, 719
799, 271
796, 451
834, 059
796, 428
758, 004
733, 009
750. 958
3, 190, 166
3, 028, 991
2, 796, 172
4, 807, 100
4, 167, 676
3, 197, 876
3, 082, 215
2, 572, 955
1,991.258
1. 888. 357
5, 850, 089
3, 017, 188
2, 880, 373
1,869,917
1, 267, 786
(2)
(2)
579, 240
6-7 -
587, 191
7-8
566, 408
8-9
541, 140
9-10 --
585, 168
10-11
568, 545
11-12 -
540, 528
1^-13
539, 384
13-14
498, 145
14-15
513,618
15-20
2.256,109
20-25 -
2, 086, 463
25-30
1,741,973:
30-40
3, 303, 851
40-50 -..
2, 805, 465.
60-60
2. 324, 429
60-70
2, 574, 267
70-80
1, 803, 467
80-90 •.
1, 828, 837
90-100
1, 720 844
100-150 -.
5, 340 852
150-200
3. 965, 942
200-2.50 -
2, 456, 469
250-300
1, 578, 961
300-400
2, 328, 770'
400-500
1, 085, 958
500-750
1, 809, 946
750-1,000
2, 266, 987
1 000-1 500
(*)
1,500-2,000
2,000-3,000
1
2
(')
3,000-4,000 -
w
4,000-5 000
2,839,246
1, 775, 000
11, 224, 487
8, 320, 039-
Total..-
284, 320
988, 903, 808
58, 876, 192
239, 363
862, 577, 726
60, 302, 647
Summary for prior years: '
1935-
257, 495
242, 728
231, 960
249, 766
193, 504
202, 253
213,316
215,559
214, 356
224, 042
825, 327, 457
737, 044, 841
682, 666, 696
735, 390, 899
800, 923, 153
1, 010, 333, 740
1,371.651,741
1,357,076,374
1,189,273.214
1, 147, 576, 498
31, 804, 163
24,624,216
19, 763, 997
15,619,149
12, 380 194
26, 509, 775
57, 857, 223
59, 738. 973
43, 949, 866
37,115,976
173, 799
139, 329
112, 053
127,515
119,623
147, 364
177,918
179, 886
175, 806
176, 804
568, 269, 799
418, 569, 373
293. 131, 080
349, 800, 109
481.017,650
66S, 391, 038
1, 029, 756, 680
1, 066, 529, 992
9,50, 085, 831
905, 814, 790
28, 319, 046
1934
14, 866, 008
1933
6, 660, 804
1932
8, 380, 316
11,028,018
19.30 -
17, 479, 145
40, 599, 864
1928
50, 601, 040
35, 599, 799
1926
32, 408, 357
For footnotes, see p. 132.
STATISTICS OF INCOME
119
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Minnesota
Numbei
of ' Net income
returns \
Total tax
Mississippi
Number
of
returns
Net income
Total tax
Under! (est.)'--.
Under 1 (est.)
1-1.5 (est.) 1
1-1.5 (est.)
1.5-2 (est.) '
1.5-2 (est.)
2-2.5 (est.) 1
2-2.5 (est )
2.5-3 (est.) 1
2.5-3 (est.)
3-3.5 (est.)!
3-3.5 (est.)
3.5-4 (est.) 1
3.5-4 (est.) -.
4-4.5 (est.) '
4-4.5 (est.)
4.5-5 (est.) 1
4.5-5 (est.)
5-61
5-6
6-7
7-8
8-9-.
9-10-.
10-11
11-12 — .
12-13
13-14
14-15-
15-20
20-25
25-30
30-40
40-50-
50-60.-
60-70
70-80
80-90-
90-100
100-150
150-200-
200-250
2.50-300-
300-400
400-500 -.
500-750-
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000-
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped '.
Total.
3,649
368
9,537
13,080
5,209
6,370
6,854
2,640
9,240
3,022
3,668
3,498
1,118
2,849
223
2,183
54
1,550
7
2,646
1,797
1,276
910
668
560
404
351
247
234
767
421
244
290
131
69
46
28
21
17
34
10
2
$2, 546, 963
189, 857
11,241,186
16, 694, 876
9, 125, 971
10, 888, 852
15, 600, 297
5, 815, 390
25, 128, 640
8, 556, 786
11,767,356
11,363,861
4,117,657
10, 699, 318
938, 177
9, 248, 870
253, 131
7,346,511
37, 726
14, 481, 777
11,642,101
9, 513, 034
7, 698, 123
6, 335, 027
5,871,431
4, 640, 9G6
4,384,120
3, 337, 038
3, 387, 123
13, 195, 881
9, 397, 067
6, 661, 731
9, 984, 271
5, 854, 153
3,788,316
2, 950, 203
2, 091, 819
1, 779, 279
1, 598, 567
4, 064, 488
1, 668, 643
(2)
$6, 681
"'i2,"390'
'i3i,"366'
9,159
73, 174
84, 148
"99,"677'
102, 992
105, 699
251, 383
252, 361
249, 912
254, 968
243, 373
255, 024
220, 979
232, 830
185, 126
204, 489
936, 520
834, 668
752, 678
1, 333. 909
955, 400
726, 590
643. 260
529, 290
499, 948
497, 759
1, 515, 051
740, 628
1,270
56
1,768
1,125
1,433
992
1,649
498
1,715
412
623
603
237
691
65
496
13
446
5
563
433
237
159
114
93
73
68
58
63
146
80
35
41
16
14
2
1
2
$831, 529
32, 010
2, 177, 593
1, 468, 253
2, 494, 241
1, 720, 298
3, 738, 839
1, 100, 429
4, 635, 680
1, 153, 439
1, 996, 782
1, 963, 506
875, 832
2, 580, 499
274, 326
2, 107, 249
61, 233
2,112,674
26, 667
3, 066, 137
2, 800, 462
1,771,981
1, 350, 392
1, 084, 615
977, 024
836, 650
850, 885
778, 800
913, 119
2, 507, 201
1, 796, 633
943, 765
1, 390, 913
708, 590
755, 018
(')
(')
(2)
«
(2)
(2)
$965
'9,"453
21, 923
19,' 713
14, 433
" 16," 108
'25,'4io
24, 893
29, 735
54, 959
61, 235
46, 223
44, 659
42,111
41, 580
38, 520
43,817
43, 169
54, 675
174, 474
160, 274
102,009
183, 855
115,557
140, 433
(2)
m
(»)
Summary for prior years: '
1935..
1934
1933
1932
1931.
1930
1929 -
1928
1927
1926..
576, 106
633, 713
86,294
296. 978. 853
13, 676, 938
54, 516. 977
72, 258
67, 297
59, 803
61,810
52, 853
57, 539
60, 701
60, 752
61, 439
64,227
222, 817, 905
196, 345, 236
163, 750, 734
173, 772, 099
213, 530, 771
266, 572, 313
337, 880, 743
340, 152, 949
295, 670, 416
296, 414, 294
6, 672, 968
6, 257, 595
3, 817, 982
3, 477, 895
2, 445, 441
4, 744, 380
9, 799, 141
11,925,077
7, 383, 307
6,475,311
13, 570
12, 507
10, 868
10, 548
9,888
12, 147
15, 689
16, 140
16, 964
17, 196
36, 878, 747
32, 578, 332
24, 020, 766
21,584,610
27, 146, 285
40, 556, 389
63, 922, 168
64, 689, 480
64, 878, 684
64, 859, 892
229, 938
1, 740, 121
870, 027
479, 717
271, 063
133, 566
87, 221
251, 781
600, 076
763, 702
816, 429
643, 744
For footnotes, see p. 132.
120
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Missouri
Montana
Net income classes
(Thousands of dollars)
Number
of re-
turns
Net income
Total tax
Number
of re-
turns
Net income
Total tai
Under 1 (est.) ' -
5,644
445
17, 465
13, 626
9,885
9,455
10, 968
4,478
14,041
4,230
4,970
5,314
1.349
4,797
248
3,720
83
2,763
20
4,000
2,649
1,833
1,344
966
787
674
487
436
354
1,329
672
422
459
212
128
77
50
29
20
60
19
2
2
7
1
1
$3, 885, 649
232, 912
20, 615, 599
17, 533, 558
17, 191, 482
16, 250. 376
24, 904, 832
9, 855. 192
37, 92.5. 422
11,878,002
15, 880, 194
17, 297, 031
4, 965, 328
17, 971, 045
1, 033, 776
15, 766, 924
392, 130
13, 099, 876
107, 995
21,882.277
17, 142. 745
13, 698, 382
11,400,785
9. 165, 360
8, 243, 399
7, 740, 189
6, 090, 208
5, 882, 893
5, 127. 664
22, 943, 976
14, 937, 038
11. 573, 645
15, 799, 628
9, 390. 988
6, 986, 564
4,966,154
3,712,429
2, 454, 975
1, 907, 569
7, 149, 058
3, 305, 401
(n
C-)
2, 387, 783
(2)
(2)
319
91
2,639
2,043
1,485
3,553
999
1,650
3,293
993
1,129
879
320
991
47
865
18
721
3
692
340
219
154
101
84
70
53
43
28
82
50
26
17
6
5
4
1
$192,364
53,910
3, 118, 057
2, 797, 773
2, 533, 152
6, 124, 522
2, 268, 031
3, 632, 670
8, 924, 169
2, 735, 064
3, 598, 923
2, 849, 232
1. 170, 284
3,669.231
198.817
3, 676, 223
84, 400
3, 409, 940
15, 827
3, 239, 772
2, 192. 540
1, 632, 138
1, 308. 499
959, 686
882, 234
803, 167
666. 204
578. 482
408. 320
1, 420, 322
1, 120, 729
711.001
581, 718
262, 470
269, 655
265, 396
(2)
Under 1 (est.) -
$7, 134
$1, 941
115 (est ) '
1-1 5 (est.)
94, 933
20,231
15 9 (est ) ' - -
1 5-2 (est.) --
199, 142
77,06T
2 2 5 (est ) '
2-2 5 (est.) ..-
165. 969
"""112,' 662'
62,079
2 5 3 (est 1'
2 5-3 (est.)
44, 124
3 3 5 (est ) '
3-3 5 (est.) --
137, 318
29,097
3 5-4 (est ) • ---
3 5-4 (est )
177,084
"'"'190,' 463'
36, 578
4-4 5 (est ) '
4-4 5 (est.)
42,836
4 5-5 (est ) '
4 5-5 (est.)
188, 127
46,953
5-6 '
6-6
395, 971
375, 390
387, 301
390, 020
358, 354
364, 928
375, 505
324, 397
339, 180
309, 992
1, 638, 741
1, 337, 764
1, 288, 005
2, 131, 263
1,525,309
1, 334, 961
1, 085, 967
921,034
687, 973
596. 190
2. 660, 714
1, 501, 093
(2)
(2)
1, 336, 779
(2)
(2)
55. 218
6-7
46, 101
7-8
43, 364
8-9
44. 021
9-10 --
36, 213
10-11
38.422
11-12
37, 596
12-13 --
34, 715
13-14 -
32, 152
14-15
24, 517
15-20
97, 625
20-25 -
99, 75S
25-30 -
78, 325
30-40....
76. 93S
40-50
41,714
50-60
51, 172
60-70 ._
60, 171
70-80
(2)
80-90
90-100
1
2
(2)
W
100-150
W
150-200
200-250
250-300
300-400
400-500
500-750
750 1 000
1 000-1 500
1 500-2 000
2 000-3 000
3 000-4 000
4 000 5 000
5 000 and over
Classes grouped '
2, 199, 509
1, 270, 875
432, 974
151, 902
Total .
130, 521
462, 884. 942
24, 210, 538
23, 916
68, 787, 896
1, 410, 820
Summary for prior years: '
1935
110.370
98, 125
93, 308
95, 808
80. 356
85, 507
98, 367
99,295
96, 407
99, 509
358, 068, 146
306, 041, 392
271, 748, 278
290, 701, 858
331,482,726
419,648.187
558. 127, 649
563,951,553
601, 495. 130
512.801.163
12, 426, 233
9, 353, 651
6. 848, 926
6, 874, 748
4, 747, 522
8, 750, 374
16,416,897
18,910,977
13, 738, 256
13, 496, 872
19.924
16, 825
11,511
10. 087
9,722
11,635
17, 067
17,112
18, 651
16, 191
56, 719, 731
46, 594. 430
29, 877, 422
28, 221, 605
34. 667. 097
4,5, 495. 235
71, 397, 232
72, 908. 121
69, 654, 023
59, 289, 994
981, 165
1934
636, 102
403, 887
1932
496, 685
1931 —
209, 809
1930
461,295
1, 019, 300
1928
1, 298. 024
867, 944
1926
561, 833
For footnotes, see p. 132.
STATISTICS OF INCOME
121
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Nebraska
Number
of re-
turns
Net income
Total tax
Nevada
Number
of re-
turns
Net income
Total tax
Under 1 (est.) K
Under 1 (est.)--
1-1.5 (est.)
1-1.5 (est.).
1.5-2 (est.)
1.5-2 (est.).
2-2.5 (est.)
2-2.5 (est.).
2.5-3 (est.)
2.5-3 (est.).
3-3.5 (est.)
3-3.5 (est.).
3.5-4 (est.)
3.5-4 (est).
4-4.5 (est.)
4-4.5 (est.).
4.5-5 (est.)
4.5-5 (est.).
5-6'
5-6
&-7
7-8
9-10..- -.
10-11 — .
11-12..
12-13.
13-14
14-15
15-20
20-25...- -
25-30-.-
30-40- -
40-50
50-60 -
60-70
70-80 - -.
80-90
90-100
100-150
150-200..-
200-250
250-300
300^00...- -
400-500...- -.
500-750
750-1,000
1,000-1,500
1,500-2,000 -.
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped ».
1,920
112
4,471
3,769
2,330
2,419
2,949
1,215
5,211
1,155
1,770
1,627
537
1,373
188
963
22
779
11
1,127
698
502
328
237
175
158
107
117
78
213
125
59
71
31
18
12
3
$1, 263, 802
58, 166
5, 326, 294
4, 918, 795
4, 048, 610
4,106,013
6, 737, 241
2,679,031
14, 142, 074
3, 229, 742
5.643,714
5, 288, 147
1, 972, 490
5, 130, 174
787, 760
4, 092, 957
105, 897
3, 693, 637
57, 782
6, 153, 406
4,511,612
3, 748, 673
2. 779, 479
2, 248, 491
1, 834, 680
1,811,864
1, 336, 787
1, 573, 934
1, 130, 545
3, 636, 574
2, 751, 834
1,612,876
2, 413, 847
1, 388, 990
999, 605
764,239
229, 087
$2, 025
'27,"6i6"
"50," 214'
44,323
30, 769
42, 525
47, 140
'47.'8i6'
49,642
242
3
608
993
412
867
476
278
791
348
359
403
106
328
19
251
5
207
$165, 074
2,730
727, 726
1, 286, 715
720, 696
1, 488, 963
1, 089, 219
615, 485
2, 153, 334
979, 757
1, 141, 997
1, 314, 073
388, 146
1,225,511
80, 571
1, 068, 952
24, 953
976, 851
102, 647
95,503
102, 869
94,428
87, 793
79,247
86, 877
69, 314
89, 586
68, 859
250, 860
242, 586
174, 374
319, 557
228, 107
194, 485
164, 716
58,238
(2)
366, 557
(2)
(»)
136, 960
m
(»)
271
149
107
51
39
39
27
19
11
17
36
24
20
12
10
4
2
4
4
3
6
1
1, 482, 247
965, 607
791,875
432, 237
370, 836
407, 024
311,092
239, 001
146, 296
243, 639
618, 756
543, 610
556, 863
418, 577
472, 163
204, 774
W
297,282
348, 291
288, 120
708, 740
(»)
6,813
'i7,"622
9,029
8,193
11, 377
'i4,"723
15,590
15, 633
31, 645
27, 566
27, 055
18, 263
16, 521
21, 680
18. 209
14, 733
8,332
16,332
47, 456
52, 747
64,420
57, 321
82, 719
37,378
(2)
72, 817
99, 969
90,889
264, 206
(-)
(»)
Total.
Summary for prior years:
1935
1934
1933
1932
1931....
1930
1929
1928.... -
1927
1926
(2)
562, 315
233, 391
1, 747, 389
36, 887
115,1.37,721
3, 222, 455
7,554
27, 045, 172
31, 253
26, 781
24, 939
25, 503
23,940
27, 271
30, 962
31,426
32, 170
33, 532
93,113,326
77, 236, 225
65, 022, 543
66, 007, a36
86, 120, 131
113, 934, 843
140, 322, 452
139,471,054
130, 131, 079
134, 153, 838
1, 795, 640
1, 438, 974
1, 133, 297
970, 563
723, 426
1,381,310
1,919,473
2, 109, 341
1, 427, 747
1, 381, 307
6,441
5,321
3,692
4,102
3,431
4,006
5,174
4,477
4,702
4,797
20, 681, 384
15, 236, 981
9, 772, 417
10, 867, 743
14,041,657
16, 688, 195
21, 597, 783
20, 109, 392
17, 443, 233
16, 795, 822
(»)
1, 057, 500
2. 226, 219
1,363,651
528, 009
380, 80O
362, 378
349, 026
472, 636
356, 444
477, 673
228, 799
195, 497
For footnotes, see p. 132.
122
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax', also totals for prior years —
Continued
Net income cltksses
(Thousands of dollars)
Under 1 (est.) »...
Under 1 (est.)
1-1.5 (est.) 1
1-1.5 (est.)
1.5-2 (est.) «
1.5-2 (est.)
2-2.5 (est.) 1
2-2.5 (est.)
2.5-3 (est.) 1
2.5-3 (est.)
3-3.5 (est.) 1
3-3.5 (est.)
3.5-4 (est.) 1
3.5-4 (est.)
4-4.5 (est.) 1
4-4.5 (est.)
4.5-5 (est.) 1
4.5-5 (est.)
6-6'
5-6
6-7 -
7-S.
8-9 -
9-10
10-11- —
11-12.
12-13-
13-14
14-15 -
15-20
20-25
25-30.. —
30-40—.
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250....
250-300.
300-400
400-500
500-750..
750-1,000
1,000-1.500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5.000 and over
Classes grouped '.
Total.
Summary for prior years: '.
1935 .—
1934..
1933....
1932
1931.
1930
1929....
1928
1927
1926 .-
New HampsMre
Number
of re-
turns
1,204
93
3,009
2,937
1,028
1,417
1,218
644
1,835
711
685
809
226
666
42
511
10
415
1
532
384
236
164
1.38
107
85
60
49
53
149
89
40
45
23
12
6
7
3
3
12
5
1
19, 664
17. 687
16, 785
15, 458
15, 738
12, 477
13, 927
14,341
14, 132
14,484
15,276
Net income
$801, 342
39, 435
3, 515, 262
3, 764, 732
1, 777, 044
2, 451, 901
2, 756, 099
1,414,037
4, 973, 229
1, 992, 687
2, 191, 696
2, 624, 789
833, 702
2, 482, 493
177. 135
2, 167, 644
46, 111
1, 969, 406
2, 908, 006
2, 481, 500
1,765.492
1, 387, 208
1, 304, 988
1,117,970
975. 136
749, 136
663, 655
768, 961
2, 563, 127
1, 972, 999
1, 088, 000
1, 508, 762
1, 039, 882
647, 165
398, 738
521,098
252, 215
1, 376, 714
828, 473
(2)
521, 729
62, 819, 698
61, 553, 939
48, 267, 423
41, 555, 501
43, 854, 575
49, 243, 306
60, 014, 739
74, 306, 913
72, 610, 266
70, 560, 949
66, 743, 817
Total tax
$1, 349
' 19," 788"
31, 626
"24,270'
20, 448
"20," 252'
24,467
"28," 194'
29, 213
56, 178
57, 952
53, 289
50.127
56, 182
52, 263
51,484
42, 719
40, 493
48, 592
181, 572
177, 524
120, 879
202, 134
176, 003
122, 338
90, 077
129, 935
72, 857
(n
499, 893
370, 995
(2)
206, 176
3, 059, 299
1,435,182
1,348,492
833, 674
746, 847
563, 289
952, 064
1, 734, 828
1, 991, 854
1, 824, 931
1, 201, 298
New Jersey
Number
of re-
turns
8,023
1,637
38, 823
25, 703
16, 273
17, 936
15, 903
8, 597
28, 871
9, 795
12, 478
12, 774
3,788
11, 552
878
8,352
244
5,800
37
7,997
5,434
3,753
2,612
1,940
1,680
1,174
966
807
672
2,154
1,176
6.52
799
401
240
128
98
62
44
96
30
15
9
7
5
7
1
3
260, 328
223, 489
210, 683
202, 190
217,812
178, 7,54
187, 943
195, 772
196, 681
195, 467
176, 320
Net income
$5, 842, 714
887, 319
45, 882, 344
33, 063, 575
28, 101, 692
30, 709, 234
36, 044, 762
19, 124, 846
78. 381, 912
27, 513, 126
39, 848, 969
41, 593. 589
13, 881, 848
43, 236, 287
3, 660, 932
35, 382, 071
1, 139, 331
27, 434, 654
197, 310
43, 652, 395
35, 162, 753
28, 014, 033
22, 129, 252
18,401,128
16. 560, 132
13, 482, 436
12, 046, 462
10, 887, 210
9,735,211
37,112,508
26, 270, 945
17, 803, 615
27, 548, 272
17, 808, 933
13, 086, 602
8,251,003
7, 348, 757
5, 291, 053
4,124,641
11,487,334
5, 198, 773
3, 387, 060
2, 422, 232
2, 487, 665
2, 235, 546
4, 188, 220
(')
3, 735, 792
{')
6, 366, 922
928, 153, 400
737,
686,
618,
689,
785,
956,
1,212,
1,241,
1, 117,
1, 032,
154, 952
065. 373
361, 894
687, 207
764, 184
732. 849
423, 226
411, 359
398, 064
297, 571
For footnotes, see p. 132.
STATISTICS OF INCOME
123
Table 9. — Individual returns, 19S6, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands, of dollars)
New Mexico
Number
of re-
turns
Net income
Total tax
New York
Number
of re-
turns
Net income
Total tax
Under 1 (est.) '.
Under 1 (est.)..
1-1.5 (est.)
1-1.5 (est.).
1.5-2 (est.)
1.5-2 (est.).
2-2.0 (est.)
2-2.5 (est.).
2.5-3 (est.)
2.5-3 (est.).
3-3.5 (est.)
3-3.5 fest.).
3.5-4 (est.)
3.5-4 (est.).
4-4.5 (est.)
4-4.5 (est.).
4.5-5 (est.)
4.5-5 (est.).
5-61
5-6.-
6-7
7-8
8-9...
9-10
10-11...
11-12.
12-13
13-14.
14-15
15-20
20-25
25-30..
30-40..
40-50...
50-60
60-70..
70-80
80-90....
90-100
100-150.
1.50-200
200-250...
250-300.
300-400..
400-500
500-750.
750-1,000....
1,000-1,500...
1,500-2,000
2,000-3,000...
3,000-4,000...
4,000-5,000
5,000 and over
Classes grouped '.
Total
Summary for prior years:
1935
1934
1933.
1932
1931...
1930
1929.
1928
1927. .-
1926.
604
822
704
1,066
854
553
1,198
475
539
643
181
5S3
35
430
15
328
3
430
280
158
98
57
51
34
26
28
19
39
27
9
20
4
2
1
$393,
4,
1,094
1, 089,
1, 226^
1, 843,
1,937
1,221
3, 266,
1, 326,
1, 722,
2,091
662,
2, 174;
U6
1, 826,
7o:
1, 556^
15
2, 336:
1, 807:
1, 177
831
540
535
391
325:
376,
274
675,
601
251
716
188
(')
(2)
$129
"6,"434'
"2i,"288
17, 486
14, 357
' 19,183'
28, 007
26,232
25, 355
48, 858
47, 092
39, 550
33, 387
26, 172
28, 295
21, 989
19, 895
24, 655
18,446
52, 987
56, 574
30, 826
100, 732
32, 613
C-)
(')
(.')
51,349
4,401
132, 535
111, 628
63. 370
69, 137
69, 940
31, 639
104,628
31, 515
44,313
38, 340
12, 616
32, 456
3,138
23, 664
629
19,254
114
28,468
19, 498
13,707
10, 067
7,787
6,107
5,011
4,054
3,451
2,978
9,987
5,784
3,506
4,172
2,322
1,402
929
625
464
351
844
312
157
88
73
36
46
22
12
4
$36, 233,
2,327
158, 002,
143, 187,
109, 603,
118, 521
159, 007
70, 139
284, 679
88, 166,
141, 431
124, 685
46, 359
121, 469
13, 090
100, 198.
2, 946;
91, 250,
603
155, 610,
126, 143
102, 426:
85, 324;
73,811:
63, 936
57, 531
50, .598
46, 547
43, 154,
172, 084
129, 030,
95, 766
143, 923
103, 678,
76, 745,
60, 197
46, 741,
39, 173
33, 284
100, 553,
53,"
35, 039,
23, 967:
25, 196,
16, 151
28, 623,
19, 0.52
13, 638,
20, 312, 421
252, 907
58, 265
(2)
"ib',lV5',':
$76, 975
755, 756
1,460,314
1, 215, 522
1, 000, 939
1, 105, 748
1, 302, 953
1, 262, 746
1, 380, 866
2. 819, 324
2, 850, 364
2, 872, 154
2, 913, 105
2,934,045
2, 873, 846
2,874,058
2, 739, 659
2, 692, 343
2, 653, 914
12, 363, 246
11, 737, 840
10, 616. 170
19, 554, 085
17, 059, 405
14, 739, 043
13, 323, 545
11, 745, 169
11, 020, 481
10, 400, 069
37, 425, 007
24, 253, 811
17, 388, 603
12, 634, 093
14, 158, 928
9, 625, 819
18,091,434
12, 704, 819
9, 409, 108
(2)
14, 963, 791
(')
,'688,"049
34, 952, 886
799, 507
976, 939
3, 864, 452, 725
348, 687, 146
9,272
7,647
5,577
5,574
5,389
6,288
6,874
6,686
6,463
6.513
25, 399. 852
20, 107, 880
14, 268, 551
14, 666, 467
18, 231, 469
24, 970, 971
30, 875, 636
29, 995, 501
26, 288, 148
24, 631, 507
364, 772
277, 567
165, 971
178, 605
117,336
222, 459
299, 882
464, 430
2S3, 403
227. 471
852, 076
807, 818
748, 054
798, 685
634, 057
711,566
757, 835
780, 418
766, 974
753. 044
3,106,
2, 811,
2, 598,
2, 764,
3, 108,
4, 189,
6,253,
6, 458,
5. 398,
4, 984,
263, 965
720, 784
890, 660
354, 206
633, 729
130, 106
465. 699
089, 207
451, 005
020, 281
202, 971, 449
166, 789, 731
137,414.061
109, 593, 039
77, 975, 788
163, 508, 893
396, 687, 348
451, 606, 998
305, 210, 059
247, 164, 324
For footnotes, see p. 132.
83167—38-
124
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by Stales and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
North Carolina
Num-
ber of
returns
Net income
Total tax
North Dakota
Num-
ber of
returns
Net income
Under 1 (est.)'
Under 1 (est.)
1-1.5 (est. )i
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.)
2.5-3 (est.)i.. -
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)i
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.).--
4.5-5 (est.)i
4.5-5 (est.).--
5-6'
5-6
6-7
7-8
8-9
9-10 -
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70 - -
70-80- ---
80-90
90-100
100-150.
150-200
200-250
250-300.
300-400
400-500
500-750
750-1.000
1,000-1,500
1,500-2,000
2,000-3,000...
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2.
Total
Summary for prior years: 3
1935
1934-
1933
1932 -
1931- —
1930 -
1929- -
1928-
1927
1926-
2,284
291
4,712
3,941
2,697
2,497
3,498
1,032
5,579
1,277
2.443
1,689
779
1,399
233
1,142
6G
892
1,324
909
635
421
356
267
225
181
137
122
406
182
110
149
55
35
31
15
$1, 664, 035
168, 056
5,631,977
5, 019, 735
4, 742, 260
4, 258, 830
7, 959, 492
2,293,317
15, 108, 007
3, 590, 440
7, 819, 190
5, 486, 455
2, 865, 3G4
5, 262. 374
970, 526
4, 850, 196
313, 287
4, 220, 407
37, 087
7, 235, 075
5, 883, 536
4,741,915
3, 569, 863
3, 380, 770
2, 791, 509
2, .581, 292
2, 258, 591
1,842,141
1, 768, 540
6, 988, 017
4, 085, 863
3, 025, 888
5,118,960
2,411,705
1,921,414
2, 035, 679
1, 129, 421
413, 036
669, 294
2, 259, 821
2, 132, 002
1, 299, 992
{')
(2)
(2)
(2)
(2)
$5, 705
"26," 769'
52, 000
39, 357
"33," 287"
42, 803
51, 890
56, 642
55, 734
123, 257
124, 598
129, 662
115,650
128,315
121,941
122, 347
116,571
103, 417
104, 892
485, 320
364, 549
329, 705
683, 668
390, 368
365, 721
448, 674
282, 947
112,870
210,416
836, 677
967, 727
603, 722
m
m
(2)
0)
1,203
22
1,220
1,241
966
601
1,201
246
1,407
255
533
399
156
284
31
208
9
167
4
199
135
77
60
41
26
21
18
6
•7
37
16
5
5
$775, 959
11, 744
1, 480, 488
1,578,431
1, 685, 147
1, 030, 104
2, 718, 368
544, 639
3, 808, 225
714,619
1, 715, 909
1, 284, 288
575, 827
1, 065, 297
130,110
884, 410
42, 386
789, 887
21, 187
1, 088, 676
876, 694
574, 614
504, 010
388, 875
274, 767
240, 577
224, 719
80, 511
100,819
625, 270
361, 609
139, 353
169, 425
$280
7,720
12, 394
8,246
5,608
8,304
9,165
9,348
11, 159
4, 557, 103
2, 862, 179
198, 340
42, 075
156, 362, 462
10, 499, 380
10, 809
26, 705, 284
35.813
32, 305
29, 462
25, 972
22, 625
25, 216
28, 860
30, 997
33, 398
35, 332
124. 880, 237
112,913,710
91, 673, 065
76, 989, 708
88, 042, 580
103, 624, 484
130, 352, 897
161, 039, 786
1.55,916,827
153, 231, 981
6,419,410
6, 281, 451
4, 121, 232
4,017,702
2, 030, 396
2, 426, 562
3, 282, 957
6, 051, 641
4, 519, 870
3, 398, 245
10, 039
9,733
8,359
8,889
7,013
8,262
9,170
9,710
9,758
9,881
23, 077, 405
22, 351, 926
16, 799, 800
18, 182, 308
18, 469, 626
24, 476, 992
31, 197, 250
34, 878, 015
33, 252. 341
33. 169, 117
For footnotes, see p. 132.
STATISTICS OF INCOME
125
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Under 1 (est.)'-
Under 1 (est.)..
1-1.6 (est.)i
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.;
2-2.5 (est.)'
2-2.5 (est.)
2.5-3 (est.ji
2.5-3 (est.)
3-3.5 (est.)'
3-3.5 (est.)
3.5-4 (est.)'
3.5-4 (est.)
4-4.5 (est.)i
4-4.5 (est.)
4.5-5 (est.)'
4.5-5 (est.)
5-6'
5-6
6-7
7-8
8-9 _.
9-10_
10-11
11-12.. ._
12-13
13-14.
14-15... _ -.
1,5-20
20-25
25-30
30^0
40-50
50-60...-
60-70.-..
70-80
80-90
90-100.
100-150 --..
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over-
Total.
Summary for prior years: '
1935
1934
1933
1932
1931
1930-
1929-
1928-
1927.
1926.
Ohio
Num-
ber of
returns
10, 472
800
46, 003
23, 616
20, 664
33, 231
17, 445
13, 846
35, 714
8,742
13, 330
11.431
3,924
12,421
677
11, 183
190
8,990
39
8,353
5,749
3,846
2,848
2,239
1,718
1.326
1,150
948
791
2.672
1.376
811
879
471
281
180
98
80
57
109
27
21
21
12
4
4
308, 789
246. 888
209, 589
181,212
188, 141
164, 809
199, 600
215, 804
218. 479
222. 707
231, 196
Net income
$7, 333, 106
458, 141
54, 369, 894
31, 685, 228
35, 648, 675
57,409,211
39, 528, 953
30, 591, 388
96, 870, 722
24, 235, 995
42, 567, 595
37, 204, 732
14, 439, 035
46, 591, 771
2, 824, 109
47, 436, 334
906, 224
42, 634, 006
205, 907
45, 642, 273
37, 197, 343
28, 755, 920
24, 163, 724
21, 228, 231
18, 024, 442
15, 233, 025
14, 3 ji, 231
12, 708, 949
11,454,127
46, 059, 180
30. 647, 227
22, 192. 366
30, 334, 946
20, 937, 140
15, 390, 226
11,618,994
7,301.594
6, 800, 438
5, 396, 665
13,117,348
4,641,250
4, 719. 758
5, 641, 504
4, 149, 262
1, 797, 249
2.909.851
3, 627, 981
1, 078, 986, 270
766,
631,
511,
556,
689,
950.
1, 259,
1, 302,
1, 153,
1, 146,
528. 630
348. 370
694. 014
313.005
352. 135
397, 134
571.939
762, 001
7,56.214
495, 871
Total tax
$15, 174
"2i2,"375
728, 142
520,812
348, 531
376, 288
497, 001
559, 225
584, 180
790, 382
811,293
790, 300
805, 490
829, 504
794, 187
740. 922
760, 874
722, 810
695, 907
3, 255, 83'J
2, 749. 252
2, 440, .586
4, 088, 378
3, 409. 024
2, 947, 533
2, 563, 710
1, 829. 998
1, 923, 90S
1, 687, 768
4, 919, 332
2, 092, 260
2, 350, 861
2, 969, 218
2, 335, 759
1, 070. 639
1, 826. 959
2, 432, 447
58. 476. 868
28, 981, 842
19, 761, 006
13. 237, 425
12, 296. 627
9, 742, 860
21, 879, 272
43, 633, 678
55. 393. 575
35, 519. 337
32, 839, 052
Oklahoma
Num-
ber of
returns
3,948
136
5,706
2,518
5,300
3,118
5,525
1,692
5,890
1,362
2,189
2,068
514
2,188
112
1,696
45
1,290
1,533
952
707
476
362
282
195
166
152
120
387
199
131
141
59
35
26
12
12
10
7
51,27
44, 909
39. 279
33, 224
31, 832
28, 242
32, 526
37.000
37. 261
39, 806
37, 497
Net income
$2, 500, 729
83, 790
6, 993, 500
3, 273, 290
9, 220, 543
5, 402, 635
12, 505, 592
3, 730, 817
15, 993, 721
3, 816, 346
6, 980, 587
6, 726, 375
1, 893, 543
8, 225, 486
471, 019
7, 193, 525
214, 178
6, 091, 450
37,388
8, 369, 620
6, 154. 878
5, 291, 968
4, 035, 037
3, 429, 428
2, 949, 509
2, 240, 470
2, 066, 504
2, 055, 006
1, 734, 565
6, 653, 648
4, 440, 632
3, 607, 134
4, 844, 316
2, 618, 786
1, 906, 163
1, 676, 587
892, 061
1, 035, 716
957, 664
824, 128
1, 648. 121
170,786,455
139, 147, 683
120 030, 049
89. 908. 905
83, 367, 347
93, 593, 901
157. 410, 693
216. 346, 916
211,061,345
212, 341, 656
223, 036, 805
Total tax
$2,724
'21,131
66, 422
60, 665
42, 632
49," 278
'8i,"952
80,820
75,420
141, 030
130, 108
142, 622
132, 547
129, 281
127, 125
104, 844
105, 546
114,598
105, 119
465, 951
388, 729
392, 499
647, 134
420, 581
361, 490
369, 856
219, 289
294, 123
296, 201
302, 403
759. 961
6, 632, 281
3, 433, 003
3. 416, 992
1,608,377
1, 203, 868
861, 871
3. 416, 992
6. 020, 950
6, 446, 274
6, 232, 124
8, 134, 654
For footnotes, see p. 132.
126
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
"Net income classes
'(Thousands of dollars)
Under 1 (est.)'
Under 1 (est.)
1-1.5 (est.)i___
1-1.5 (est.)
1.5-2 (est.)i
1.5-2 (est.)
2-2.5 (est.)i
2-2.5 (est.),- -
2.5-3 (est.)i
2.5-3 (est.)
3-3.5 (est.)i
3-3.5 (est.)
3.5-4 (est.)'
3.5-4 (est.)
4-4.5 (est.)'
4-4.5 (est.)
4.5-5 (est.)'
4.5-5 (est.)
5-6'
5-6
6-7
7-8
8-^
9-10
10-11
11-12
12-13
13-14
-14-15
:i5-20
^0-25
25-30
30-40
40-50
50-60
60-70
70-80 -
80-90
90-100
100-150.- --
150-200
200-2.50
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
l.,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000..
5,000 and over
Classes grouped 2.
Total
Oregon
Number
of returns
.Summary for prior years:
1935 -
1934-
1933
1932
1931
1930
1929
1928.
1927..
1926
1,092
932
999
on
630
456
893
431
050
821
517
549
,195
93
884
3
685
2
,204
801
510
321
298
199
142
128
106
93
261
133
76
96
38
19
2
1
2
1
Net income
$669, 882
52, 818
7, 006, 464
5, 133, 534
5, 167, 839
4, 489, 768
5, 537, 389
1, 983, 008
14, 685, 540
2, 955, 504
5, 807, 383
4, 931, 846
2, 016, 685
4, 474, 133
390, 437
3, 751, 116
14, 902
3.241,401
(2)
6, 582, 526
5,164,931
3, 797. 357
2, 724, 221
2, 821, 339
2, 084, 181
1, 627, 866
1,595.722
1.J24.849
1, 3i.5,847
4, .521, 754
2.941,361
2, 066. 458
3, 327, 951
1, 688, 257
1, 039, 195
438, 068
m
Total tax
$1, 792
"26,'042'
'53,"082'
32, 308
"25,' 341
34, 948
41,117
44, 685
46, 058
37, 778
33, ^73
27, 253
27, 572
25, 845
20, 181
26, 047
28, 194
29, 333
33, 903
30, 955
111,664
111,279
102, 799
90, 121
107, 818
90, 392
76, 606
82. 928
77, 724
80, 440
319, 037
2.56, 671
223.918
446, 406
272, 732
196, 667
92, 716
{')
(2)
(2)
Pennsylvania
Number
of returns
Net income
23, 191
1,486
74, 651
53, 799
30, 808
42, 606
31.216
19. 404
48, 092
14, 199
16, 835
16. 932
4,809
15. 259
1.124
12, 338
252
9.482
12, 575
8,668
5.763
4.264
3.112
2.519
2.006
1,681
1,374
1.198
3.765
2,030
1,229
1.442
750
441
310
202
121
103
229
74
28
12
19
12
15
. 3
3
118, 060, 934
91, 305, 901
71, 076. 619
66,190,038
60, 519, 751
73, 154. 659
106, 076, 107
129, 360, 587
132, 829, 673
140, 739. 425
135. 030. 190
167, 736
1, 625, 697
1. 084, 638
795, 893
670, 442
474, 055
1,073,686
1, 663, 775
2, 387, 276
1, 920, 597
2, 175, 322
470,511
389, 994
342, 308
323, 960
334, 471
267, 848
322, 503
364, 145
361,220
381, 374
397, 575
$16,397,350
765, 832
87, 821. 597
69, 911, 535
53, 378, 691
73, 103, 971
70, 919, 885
42, 888, 438
130, 237, 305
39, 468, 613
53, 734, 265
55, 101, 064
17, 678, 643
57, 114, 063
4, 688, 513
52, 365, 059
1, 186, 959
44, 955, 109
412, 376
68, 682, 045
56, 055, 512
43, 0.57, 190
36, 110, 575
29, 506, 705
26, 406, 559
23, 049, 516
20, 995. 610
18. 521, 419
17, 360, 716
64, 783, 370
45, 201, 742
33, 533, 628
49, 578, 360
33, 338, 121
24, 112.712
20.01.5,013
14. 961, 231
10, 274, 666
9, 794, 991
27. 701, 920
12, 595, 436
6. 335. 673
3, 162, 728
6. .598, 152
5, 316. 690
9. 444. 747
2, 444, 677
3. 660. 776
Total tax
9, 594, 966
$24, 269
392,' 974
'9111^797
734, 135
505, 259
512, 055
602, 642
668, 857
661, 354
1,251,816
1, 282, 109
1, 217, 739
1, 238, 803
1, 178, 773
1, 185, 875
1, 136, 910
1, 122, 276
1.071,716
1, 073, 131
4, 644, 857
4, 093, 228
3, 709, 686
6, 695, 375
5. 482. 845
4, 622. 800
4, 413, 638
3, 728, 638
2, 904, 517
3,049,410
10, 432, 352
5, 659, 989
3, 154, 888
1,651,992
3, 716, 186
3, 158, 894
6, 002, 892
1, 615, 298
2, 318, 282
1, 604, 324, 714
1. 273,
1, 067,
970.
1,023.
1, 193,
1. 620,
2.217.
2, 204,
2. 091.
2, 138.
383. 247
788. 870
250.517
234, 341
400, 020
314, 109
958, 557
955, 406
825. 217
168. 594
7, 150, <
104, 979. 166
57, 052, 818
44, 423, 725
32, 872. 779
39. 904, 410
24, 854, 5.58
46, 825, 528
90, 694, 655
96, 772. 465
78. 674, 525
76, 887, 315
JFor footnotes, see p. 132.
STATISTICS OF INCOME
127
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Rhode Island
South Carolina
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
ofreturns
Net income
Total tax
Under 1 (est. )i
1,458
131
6,222
4,926
2,549
3,515
2,134
1,509
3,651
1,155
1, 572
1,381
510
1,267
94
777
42
588
3
966
731
543
381
»16
246
200
185
132
132
373
180
140
152
87
50
27
19
22
8
25
10
5
6
1
2
$1,023,114
68, 526
7, 276, 054
6, 359, 054
4,411,032
6, 047, 047
4, 824, 307
3, 302, 384
9, 969, 482
3. 247, 361
5, 004, 340
4, 508, 758
1, 883, 228
4, 748, 532
390, 234
3, 292, 972
196, 564
2, 794, 739
16. 804
5, 280; 433
4, 739, 991
4,052,915
3, 230, 310
2. 993, 956
2. 586, 796
2, 289, 265
2, 309, 297
1, 779, 405
1,912.851
6, 434, 490
4,031,054
3, 837, 020
5, 237, 878
3, 875, 686
2, 725, 601
1, 747, 104
1,431,971
1, 882, 284
765, 640
3, 004, 602
1, 725, 521
1,195,716
1,578,794
(2)
(2)
1,365
152
2,125
1,849
1,972
1,220
2,005
580
2,017
616
816
838
301
668
86
571
V5
476
2
648
387
277
184
136
116
96
74
43
47
129
59
40
32
11
11
3
2
3
$923, 699
76, 665
2, 548, 899
2, 368, 084
3, 430, 103
2, 096, 684
4, 543, 140
1, 289. 907
5, 465, 012
1,738,650
2, 612, 082
2, 731, 080
1.111,254
2, 507. 043
360, 705
2. 425. 920
69, 448
2, 257, 786
(')
3, 541, 653
2, 489, 655
2,074,230
1, 560, 189
1, 292, 144
1, 214, 892
1, lOO. 788
924, 148
579, 178
682, 541
2, 224, 927
1, 335, 547
1, 095, 821
1, 098, 560
484, 381
582, 544
191,571
(2)
248, 806
Under 1 (est.)
$2, 315
$2, 52S
1-1.5 (est.)' --
1-1 5 (est.)
34, 704
13 127
15-2 (est.)'
1 5-2 (est.) ---
76, 043
25,261
2-2.5 (est.)'
2-2.5 (est.)
55, 535
21,178
2 5-3 (est )' - -- .--
2 5-3 (est )
38, 632
16, 729
3-3 5 (est.) 1
3-3 5 (est ) ---
43, 930
21,799
3 5-4 (est.)'
3 5-4 (est.) --
54, 486
24,509
4-4.5 (est.)' --
4-4.5 (est.) ---
40, 282
25, 155
4.5-5 (est.)' .
4.5-5 (est.)
46, 468
29, 026
5-61 -
5-6
101, 387
111,308
119,181
114,205
12B, 974
118,937
115,075
1^4, 752
106, 106
118,446
468, 517
368, 949
429, 513
711, 529
639, 9S2
523. 792
388, 170
366, 456
542, 094
238, 041
1, 120, 733
783, 546
607, 887
826, 772
(2)
(2)
58,638
6 7
49, 452
7-8
54, 735
S 9 -
51, 546
9-10 -
49, 502
10-11
48, 731
11-12
52, 433
46, 152
13-14 ..
31,436
14 15
39, 584
15-20
150, 356
119,735
25-30
120, 373
146, 363
40-50 .
77, 880
106, 098
60-70
41,591
«
80-90
67, 845
100 150 - - ---
3
345, 047
125, 659
200-250 --
250 300
300-400
400-500 - --
500-750
1
(2)
(2)
1 000- 1 500 --
2,000-3 000 -
4 000-5 000
1, 954, 497
1, 194, 181
157, 969
36,580
Total
38, 424
141, 967, 609
10, 755, 927
19, 975
61, 786, 752
1, 653, 997
Summary for prior years: ^
1935
33, 009
31.235
29, 489
30, 581
22, 375
23,862
26, 481
25, 801
25, 184
26, 362
113.640,801
104, 193, 731
92, .589, 659
101,863,121
111. 159, 397
136, 571, 363
184, 531, 178
176. 225. 164
157. 464, 733
155, 050, 974
6. 002, 036
5, 232. 124
3, 452, 803
3,839,178
2, 598. 619
4, 114. 526
7, 851, 363
8, 093. 013
6, 332, 169
5, 545, 787
16. 826
14, 937
12, 686
11,902
10, 536
12, 179
13, 232
13, 725
14,310
13, 809
47, 010, 243
41, 023, 968
32. 131. 067
29, 080, 658
33. 858. 781
42, 714, 132
50, 257, 416
55, 510, 360
55, 218, 679
53, 060, 331
802, 720
1934 .
735 471
1933
450, 922
312. 924:
1931
197, 943-
1930
304, 596
1929 - - -
566, 252
1928
716,628
1927
554, 731
1926
420, 164
For footnotes, see p. 132.
128
STATISTICS OF INCOME
Table 9.— Individual returns, 19S6, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
South Dakota
Tennessee
Number
of returns
Net income
Total tax
Number
of returns
Net Income
Total tax
997
33
1,316
1,128
931
751
1,100
329
1,267
269
466
379
110
356
33
245
8
198
3
253
163
101
62
35
39
24
19
14
24
38
14
9
3
6
$621, 973
17, 757
1, 560, 109
1,456,873
1,611,856
1,289,683
2, 490, 463
726. 902
3, 426, 437
755, 416
1, 487, 662
1, 232, 252
406, 971
1, 337, 347
141,483
1, 033, 786
39, 251
940, 793
15,777
1, 378, 659
1, 047. 890
755, 155
523, 303
331,301
410. 575
273, 556
238, 004
190,919
345, 680
665. 527
311,460
249, 649
268, 332
2,293
169
6,019
2,473
2,823
3, .565
3,418
1,955
5,478
1,347
2,889
2,100
894
2,469
194
2,039
69
1,628
11
1,526
984
678
491
385
305
238
217
160
137
425
237
134
129
63
41
29
13
4
4
9
1
1
$1,607,083
93, 964
7, 202, 514
3, 321, 077
4, 923, 350
6, 189, 016
7, 837, 295
4, 334, 906
14,943,787
3, 720, 483
9, 254, 887
6, 870, 687
3, 285, 413
9, 242, 165
810, 930
8, 631, 320
328,016
7,717,141
59, 573
8. 350, 846
6, 361, 737
5, 053, 547
4, 166, 037
3, 641, 545
3, 198, 515
2, 732, 502
2, 710, 301
2, 160, 649
1, 984, 887
7, 286, 831
5, 271, 484
3, 648, 487
4, 442, 945
2,818,548
2,241,213
1,895,782
983, 018
336, 546
369, 746
1, 100, 723
(n
(2)
Under 1 (est )
$458
$2, 943
1-1.5 (est.)
7,767
23, 930
1.5-2 (est.) .._ ---
15, 985
79,704
2-2.5 (est )
11,509
77, 018
2.5-3 (est ^
6,149
54, 086
3-3.5 (est.)
8,407
67, 716
3.5-4 fest ) --- -
11,480
98, 101
4-4.5 (est.)i
4-4.5 (est )
11,015
92,897
4.5-5 (est )
11,780
107, 206
6-6 •
5-6
21,686
22,319
20, 496
18, 386
12,510
17, 209
12, 135
12,414
10, 222
21, 168
47, 349
27, 009
27, 716
m
44,003
143, 981
6-7 -
131, 850
7-8 -.- --
134, 693
8-9 --
136, 961
9-10 ...
141,881
10-11
136, 774
11-12
129, 776
12-13 -
140, 056
13-14
121,971
14-15
117,945
15-20 ----
509, 143
20-25
468, 619
25-30 ---
394, 349
30-40
595, 756
40-50 -
456, 820
50-60 -
424, 980
60-70
418, 686
70-80
1
m
(2)
252. 604
92, 532
90-100 - -
113,172
100-150
417,053
150-200
C^)
200-250 -
«
250-300
300-400
1
3
(2)
1,417.564
m
400-500
854, 412
500-750
750-1 000
1 000-1 500
1 500-2 000
3 000-4,000 . -
4 000-5 000
173, 165
31,942
770, 333
405, 053
Total
10, 724
27, 755, 966
431, 114
48,048
173,317,393
7, 342, 668
Summary for prior years: ^
1935
9,582
8,302
7,555
8, 356
7,387
9,449
10, 449
10, 649
10, 969
12,414
24, 693, 550
20,105,511
16,519,323
17, 956, 077
22, 130, 693
31, 453, 988
40, 165. 070
38, 9,54, 908
35,906,515
38, 153, 263
345, 333
225, 380
188, 033
137, 503
105, 602
178, 379
390, 886
321,516
209, 667
208, 893
42, 341
37, 938
33, 464
31, 543
28, 117
32, 682
34, 604
35, 039
33, 812
35, 495
135, 557, 076
115,788,720
93,395,213
88,515,162
107, 251, 482
140, 422, 521
177,388,337
190,287,682
173, 162, 605
175,714,293
3, 937, 433
3, 596, 105
1933 .-
1, 987, 598
1, 699, 381
1931
1,413,609
1,955,201
1929
3, 747, 582
5,624,112
1927
4, 035, 541
3, 651, 457
For footnotes, see p. 132.
STATISTICS OF INCOME
129
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Texas
Utah
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est. )i --
7,862
105
15, 028
13, 774
9,731
11,416
10, 593
5,595
14,919
6,275
6.609
8,994
2,112
9,067
491
6,499
114
4,776
34
7,161
4,336
2,346
1,532
1,074
826
663
589
456
346
1,289
767
440
440
232
123
71
51
29
17
46
14
6
$5, 138, 515
56, 561
18, 247, 712
17, 737, 376
16, 842. 228
19, 635, 078
24, 042; 042
12, 506, 617
40,631,683
17, 539, 375
21, 090, 568
29, 270, 782
7, 774, 695
33, 894, 723
2,060,841
27,541,316
536,118
22, 650, 125
179, 730
39,070,869
27, 975, 824
17, 486, 396
12, 969, 821
10. 182, 851
8, 652, 212
7, 599, 162
7, 340, 029
6, 150, 951
5,018,424
22, 243, 094
17, 034, 474
11,939,982
15,049,736
10, 308, 314
6, 744, 301
4, 524, 699
3,785,841
2, 434, 294
1,619,547
5,456,613
2, 509, 461
1,336,515
953
41
1,835
1,745
1,181
1,000
1, 3.55
363
2,380
462
1,072
604
335
537
68
366
22
276
5
433
280
175
138
92
74
52
54
49
38
105
51
50
38
12
12
5
$619, 286
26, 772
2, 244, 601
2, 236, 899
2, 050, 978
1, 726, 501
3, 081. 3.55
806,071
6, 489, 284
1, 307, 485
3, 446, 997
1, 974, 701
1. 229, 622
2.017,276
282, 807
1, 554, 263
106,033
1,319,695
26, 398
2, 365, 147
1,815,908
1, 302, 092
1, 166, 048
873, 316
778, 542
596, 262
671, 210
659, 991
548, 080
1, 799, 957
1,146,040
1, 370, 665
1, 328, 963
550. 652
664, 622
333, 614
Under 1 (est.)
$1, 556
$807
1-1.5 (est.)>
1-1.5 (est.) -
86, 880
11, 531
15-2 (est.)'
1.5-2 (est.) . .
215, 545
20, 913
2-2.5 (est.)i. --
2-2.5 (est.)
180, 618
13, 516
2.5-3 (est.)i...
2 5-3 (est.) --
177, 948
10,724
3-3.5 (est.)'
3-3.5 (est.) -
273, 303
14, 143
3.5-4 (est.)'
3.5-4 (est.)
405, 203
15, 655
4^ 5 (est.)' - ---
4-4.5 (est.)
417. 145
15, 469
4.5-5 (est.)' - . .
4.5-5 (est.)
385, 859
17, 314
5-6' -
5-6
818, 039
761, 226
619, 694
562, 156
493, 614
459, 885
440, 295
454,203
403, 651
348, 551
1. 771. 227
1. 656, 507
1, 375, 799
2, 088, 978
1, 737, 936
1,324,481
1, 002. 962
961, 824
692, 670
515,497
2,025,166
1,157,869
664, 313
38, 285
6-7
39, 092
7-8
34, 835
8-9
38, 229
9-10
31, 727
10-11
33, 212
27, 275
12-13
34, 279
36, 620
14-15
31,465
126, 906
20-25 .
102, 753
25-30
150, 453
30^0
180, 994
40-50
91, 378
50-60
127, 336
76, 256
70-80
80-90
1
1
2
(2)
(2)
(2)
90-100 -
(2)
100-1.50
(2)
1.50-200
200-250 . .
250-300
4
1, 433, 177
813, 285
400-500
500-750
750-1,000
2
(2)
(2)
1,000-1,500
1,500-2.000
1
(2)
(2)
3,000^,000
Classes grouped 2
3. 201, 747
1, 971, 668
408, 656
136.973
Total
156, 855
569, 444, 419
27, 265, 553
16, 262
50, 926, 789
1,458,140
1935
131,447
113,930
105, 950
102, 966
89, 158
105, 058
113,555
112,273
114,534
111,438
439, 162, 958
366, 713, 839
299, 577, 627
279, 533, 040
333, 673, 467
448, 849, 717
592,518,704
5S0, 239, 493
560, 322, 568
547,562,501
19,498,410
11,312,971
7, 160, 953
5, 743. 888
4. 634, 359
8, 633, 146
12, 866, 9.50
14,401,968
12, 909, 842
12, 681, 519
14,088
11,458
10.807
10, 624
9,785
11,777
13, 163
13, 262
13,029
13, 568
39, 902. 816
32.016,329
26,933,168
27, 028, 193
31,863,6.57
45, 369, 199
59, 451. 690
58, 809, 296
53, 628, 897
53, 832, 169
686. 084
468. 653
1933 . . .
349, 519
366, 273
1931..
106, 095
1930
447, 953
1929
881, 606
1928... ...
1,095.839
1927-...
851.031
1926
628, 773
For footnotes, see p. 132.
130
STATISTICS OF INCOME
Table 9.— Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
Vermont
Virginia
(Thousands of dollars)
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
Under 1 (est ) '
150
43
2,072
1,594
689
974
542
375
1,897
443
540
530
137
385
40
322
9
203
$93, 774
22, 138
2, 412, 688
2, 043, 397
1,182,811
1, 676, 600
1, 216, 207
821, 182
5,130,743
1, 237, 238
1, 729, 785
1, 717, 700
508, 629
1, 443, 173
169, 679
1, 362, 035
41,912
959, 014
3,141
131
6,211
3,298
4,736
5,427
5,500
2, 765
8,164
1,6^8
3.337
2,706
895
2,787
171
2,642
36
1,854
8
1,717
1,179
776
565
470
339
261
212
161
138
440
220
136
148
78
59
25
15
18
5
23
5
3
$2, 142, 914
75, 805
7, 476, 420
4, 459, 383
8, 310, 953
9. 425, 906
12, 507, 058
6, 082, 515
22, 193, 292
4, 528, 847
10, 636, 629
8, 821, 189
3, 306, 788
10, 429, 455
720, 609
11,230,135
173, 443
8, 745, 004
42, 930
9, 390, 349
7,618,160
5, 794, 821
4, 777, 060
4, 455, 064
3, 559, 061
2, 996, 965
2, 653, 520
2, 177, 977
2, 000, 275
7, 601, 626
4, 904. 139
3, 745, 597
5, 072, 185
3. 490, 185
3,203,115
1, 620, 975
1,114,968
1, 540, 328
473, 469
2, 742, 195
812. 324
685, 139
Under 1 (est.)
$715
$2, 547
1-1 5 (est ) '
1-1.5 (est.)
10, 763
30, 358
1 5-2 (est ) '
1.5-2 (est.)
20, 357
119, 025
2-2 5 (est ) '
2-2.5 (est.)
13, 671
103, 620
2 5-3 (est ) '
2.5-3 (est.)
12, 552
71, 791
3-3 5 (est ) 1
3-3.5 (est.).
13, 390
85, 79a
3 5-4 (est.) '
3.5-4 (est.)
15, 373
99, 333
4-4 5 (est ) '
4-4.5 (est.)
17, 695
133, 768
4.5-5 (est.) '
4.5-5 (est.) -. - .
14, 596
117,090
5-6 '
5-6
339
212
124
103
94
60
39
33
27
26
86
46
12
23
12
4
1
1
2
1
2
1
1, 848, 863
1, 372, 650
920, 800
870, 353
890, 479
631, 055
445, 139
411,736
363, 877
377, 005
1,473,017
1,018,145
326, 691
765, 655
547, 888
233, 262
0)
{')
(2)
(')
34, 366
34, 123
25, 199
30, 403
36,017
29, 502
22, 631
21, 792
21, 825
24,388
105, 455
92, 444
36, 786
102, 090
92, 122
47, 831
(2)
(2)
(2)
(')
(2)
(2)
162, 490
6-7
166, 456
7-8
156, 274
8-9.
156, 967
9-10
175, 385
10-11
155,414
11-12-. -
147, 327
12-13...
138, 934
13-14.. . .
126, 535
14-15
123,308
15-20 . .
534, 859
20-25 . .
439, 575
25-30..
412, 969
30-40
685, 458
40-50
573, 048
50-60
608, 516
60-70....
357, 120
70-80.
278,817
80-90
434, 805
90-100
147,918
100-150
1, 025, 060
150-200.
358, 864
200-250
338, 724
250-300
300-400
2
4
2
(2)
1, 730, 331
W
400-500..
1, 023, 347
500-750..-.
C)
750-1,000.
1,000-1,500—.
1,500-2,000
1
m
m
2,000-3,000..
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
880, 882
319, 800
3, 505, 206
2, 299, 334
Total
12, 193
37, 146, 202
1, 195, 886
62, 449
218, 974, 309
11,790.832
Summary for prior years: 3
1935....
10, 903
9,824
9,375
10, 439
7,803
8,635
9,586
9,394
8,268
8,646
30, 293, 579
26, 565, 697
23, 937, 326
27, 542. 982
29,853,410
39, 259, 341
49,916,326
48,086,175
41, 842. 221
42, 209, 083
503, 958
435, 666
339, 220
406, 645
264. 753
626. 874
1, 019, 863
1, 055, 740
846, 932
821, 296
54, 835
47,814
42, 920
43, 136
34, 689
37,915
38, 631
37,619
37, 393
37, 797
171,203,815
139, 932, 355
117,634,811
122,228,476
129, 365, 027
156, 272, 484
179.293,926
181,750,013
172.2.39,863
176, 024, 673
5, 268, 764
1934
3, 665, 810
1933
2, 399, 380
1932
2, 220, 452
1931.-
1, 323, 722
1930
2, 050, 554
1929
3, 201. 104
1928
4, 408, 983
1927....
3,611. 135
1926
3, 495, 042
For footnotes, see p. 132.
STATISTICS OF INCOME
131
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Under 1 (est.)
Under 1 (est.).
1-1.5 (est.)
1-1.5 (est.).
1.5-2 (est.)
1.5-2 (est.)_
2-2.5 (est.)
2-2.5 (est.).
2.5-3 (est.)
2.5-3 (est.).
3-3.5 (est.)
3-3.5 (est.).
3.5-4 (est.)
3.5-4 (est.).
4-4.5 (est.)
4-4.5 (est.).
4.5-5 (est.)
4..5-5 (est.)-
5-61
5-6
6-7
7-8
9-10
10-11
11-12
12-13
13-14
14-1.5
15-20
20-25
25-30
30-40
40-50
50-60
60-70._
70-80
80-90-
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2.
Total
Washington *
Is'umber
of returns
3,694
29
12, 347
13, 703
3,998
6,881
4,053
2,921
9,374
3,628
3,554
5,012
1,145
4,231
188
2,973
43
2,242
7
3,070
1,727
944
546
349
267
233
206
168
154
393
189
98
113
69
35
15
12
11
4
7
4
1
Net income
$2, 399, 078
17, 194
14, 389, 817
17, 544, 621
6, 870, 886
11,728,231
9, 193, 792
6, 475, 496
25,431,588
10, 196, 748
11,353,963
16, 308, 765
4, 212, 560
15,841,308
787, 794
12, 581, 576
198, 201
10, 596, 066
37, 307
16, 746, 165
11,132,631
7, 010, 807
4, 634, 950
3, 307, 237
2, 799, 544
2, 670, 959
2,563,413
2, 261, 861
2, 226, 785
6, 730, 861
4, 179, 355
2, 663, 203
3, 940, 424
3,079,517
1, 942, 703
970, 689
883, 717
953, 732
381, 363
814, 397
722, 685
(2)
Total tax
$584
84, 248
134, 257
99, 873
'87,' 939'
147, 102
163, 251
183,921
175, 100
551, 618
291, 070
236, 554
194, 597
156. 525
147, 941
149, 424
1.56, 385
145, 991
152, 158
523, 224
397, 886
308, 965
556, 393
517, 726
377, 035
217,915
223, 692
275, 197
119,302
299, 520
332, 212
0)
West Virginia
Number
of returns
2,156
120
7,016
5,027
4,110
4,388
2,671
1,997
5, 164
1,203
2,272
1,778
574
1,608
179
1,645
36
1,008
5
1,134
750
533
352
271
192
180
145
129
91
325
155
93
99
49
21
15
Net income
$1,441,820
60, 358
8, 552, 543
6, 507, 303
7, 084, 559
7, 575, 754
6, 024, 258
4,412,121
14, 063, 540
3,339,162
7, 254, 022
5, 800, 884
2, 133, 473
6, 033, 906
752, 212
6, 951, 679
165, 569
4, 784, 028
26, 535
6, 206, 007
4, 847, 251
3, 977, 774
2, 975, 175
2, 574, 464
2,017,941
2, 072, 561
1, 810, 606
1, 737, 792
1, 318, 702
5, 619, 754
3, 444, 745
2, 522 700
3, 400, 318
2, 188, 898
1, 155, 169
963, 340
675, 344
529, 867
564, 744
1, 272, 612
(2)
Total tax
$1, 883
34,915
93,763
'74,' 737
43, 840
"49,'488
61, 671
82, 865
67,004
113,167
104, 502
107, 473
99, 071
100, 408
88, 688
100, 728
95, 185
98, 048
81,143
397, 653
307, 264
276, 896
457, 561
361, 699
224, 986
211,647
169, 802
1. "13, 179
176,864
463, 648
(2)
(2)
(2)
(2)
(2)
Summary for prior years: 3
1935
1934... . .
1933 .
1932
1931..
1930
1929... .
1928-_.
1927...
1926....
867, 980
468, 023
906, 146
88, 640
259, 649, 969
145, 745, 636
69, 919
60, 151
54, 539
56, 434
51,781
63, 129
65, 240
66, 167
62,200
61, 950
197, 923, 584
153, 639, 087
131,639,579
133, 697, 243
174, 8.58, 452
238, 857, 983
302, 258, 404
273, 648, 593
252,547,211
245, 592, 050
3, 868, 053
2, 551, 738
1, 646, 568
1, 557, 558
1, 238, 044
2, 750, 143
5, 775, 343
4, 464, 930
2, 913, 642
2, 800, 548
37, 224
30, 297
25, 837
26, 872
22,118
27, 130
29, 803
30,643
32,500
32,544
106, 920, 022
87, 992, 253
69, 425, 751
73, 659, 579
80, 333, 944
110,726,146
136, 768, 017
140, 128, 751
139, 696, 175
141,396,917
460, 822
5, 160, 600
2, 276, 187
1, 674, 942
1, 107, 746
928, 480
51.5, 600
1,238,711
2, 298, 875
2, 920, 822
2, 519, 731
2, 304, 313
For footnotes, see p. 132,
132
STATISTICS OF INCOME
Table 9. — Individual returns, 1936, by States and Territories and by net income
classes: number of returns, net income and total tax; also totals for prior years —
Continued
Net income classes
(Thousands of dollars)
Wisconsin
Wyoming
Number
of returns
Net income
Total tax
Number
of returns
Net income
Total tax
13, 007
618
17, 057
19, 329
10, 356
10, 732
10,209
3,492
9,417
3,557
3,390
4,109
899
3,009
284
2,205
45
1,740
2,739
1,789
1,242
882
647
518
394
342
269
242
655
331
187
195
115
50
46
21
19
10
20
14
5
5
1
$8, 325, 412
309, 515
20, 503, 179
24, 849, 150
17, 975, 035
18, 218, 569
23. 032, 926
7, 750, 543
25, 421, 226
9, 973, 046
10, 831, 870
13. 322, 3,55
3, 313, 909
11,249,754
1, 189, 794
9, 347, 397
213, 696
8, 248, 251
36, 662
14, 953, 796
11, 586, 770
9, 292. 061
7, 480. 904
6, 122. 276
5,433.152
4, 522, Oil
4, 264, 826
3, 632, 578
3, ■509. 461
11, 252, 629
7, 393, 700
5, 089, 156
6, 670. 207
5, 138, 736
2, 716, 664
2, 961, 437
1, 564, 902
1, 618, 265
948, 040
2, 456, 039
2, 356, 223
1, 134, 501
1, 326, 630
(2)
535
22
945
1,917
718
933
794
337
1,183
328
591
468
169
349
30
261
3
194
3
308
164
108
71
47
35
31
25
25
16
46
19
9
9
2
3
$337, 867
12, 948
1, 137, 435
2, 522. 965
1, 237. 740
1, 566, 14r
1, 809, 384
750, 578
3, 210. 694
916, 460
1, 883, 807
1, 520, 457
621, 388
1, 306, 181
126, 783
1, 108, 736
13. 860
926, 441
15,316
1, 680, 980
1, 056, 685
801, 500
599, 978
447, 074
366, 723
353, 358
310. 519
334, 364
232, 591
798, 145
420, 951
246, 125
316, 057
(2)
156, 448
Under 1 (est.) --
$10, 743
$314
1-1.5 (est.)...
124, 508
14, 454
1 5^2 (est )'
1.5-2 )est.)
221, 681
17, 312
2 2 5 (est )'
2-2.5 (est.)
134, 432
12,762
2.5-3 (est.)
102, 756
9,161
3 3 5 (est )'
3-3.5 (est.)
112, 187
9,937
3 5-4 (est ) '
3.5-4 (est.)
111,777
11,061
4 4 5 (est )'
4-4.5 (est.)
119,934
11, 821
4 5-5 (est )'
4.5-5 (est.)
130, 429
12, 988
5-6 '
5-6 -
265, 491
254, 098
257, 865
252, 922
243, 057
243, 028
224, 505
226, 100
205, 000
214, 033
795, 436
658, 808
5.53, 540
894, 289
844, 380
516, 352
654, 553
391, 266
455, 771
299. 509
936. 583
1, 050, 803
565. 081
693. 614
(2)
28, 107
6-7
23.452
7-8
20. 597
8-9 .-
17,900
9-10
17, 474
10-11..
15, 768
11-12
16. 777
12-13
16, 104
13-14
18, 887
14-15
13, 639
15-20
55, 804
20-25
40. 841
25-30
28, 443
30-40
43, 280
40-50
(»)
50-60...
29, 684
60-70
70-80
2
m
(.')
80-90
90-100
100-150
1
0)
(')
l.')0-200
200-250
250-300
300-400
400-500 . .
50O-7.';0
2
m
(2)
750-1,000
1
m
m
1 000-1,500
1,500-2,000
2,000 3,000
3,000-4,000 . .
:::::::::::::::::
4,000-5.000
6,000 and over
1, 413, 936
850, 531
1, 180, 239
642, 234
Total
124, 202
338,951,189
13,615,062
10. 702
30, 326, 918
1, 128. 801
Summary for prior years: ^
1935
105, 785
92, 826
89. 739
91. 557
84. 681
95. 366
103.044
98, 485
100. 956
99, 251
258. 590. 449
217, 350. 901
184, VA, 1,55
203, 833. 124
251.988,008
357, 6.57, 240
450, 934, 107
4.'^3, 394, 323
436,579,613
407, 642, 742
5, 577, 366
.5, 009, 731
3. 106, 227
3. 222. 425
2. 438. 474
5, 892, 638
10, 287. 020
12,4.59,318
10,621,745
8, 418, 047
8,739
7,182
6,603
6.796
5.891
6,809
8.140
8.622
8.870
8,930
23. 703, 202
19, 035, 620
16, 095. 689
16, 189. 839
18. 176, 553
22,979.517
30,813.018
33, 233. 249
31.297.698
31, 750, 581
646, 357
1934
583, 601
19.33
452. 240
1932
143. 717
1931
65, 346
1930
141,440
1929.
188, 964
1928
372, 128
1927
274. 644
1926
263,319
' Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible
minihcr of nontaxable returns in net income cla.sses of $6,000 and over is not tabulated separately.
2 Cliisses grouped to conceal identity of tax[)ayer.
' Changes in the revenue acts alTecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 138-145.
* Includes Alaska.
STATISTICS OF INCOME
133
Table 10. — Individual returns, Form IO4O, with no net income, 1936, by States and
Territories: number of returns and deficit
States and Territories
Alabama
A.rizona..
Arkansas...
California
Colorado
Connecticut.
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho..
Illinois
Indiana..
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts.
Michigan
Minnesota.
Mississippi.
Missouri-.
Montana
Number
of returns
449
356
344
194
£87
328
125
362
271
640
226
157
401
185
556
203
538
727
410
897
756
436
885
423
735
250
Deficit
(Thou-
sands of
dollars)
1,664
906
1,003
24, 645
1.461
5,164
235
2,247
4,549
3,000
720
561
19, 791
3, 587
3,722
3,057
2,691
2,037
1,504
3,903
16, 343
16,728
3,213
1,076
5,191
792
States and Territories
Nebraska
Nevada
New Hampshire.
New Jersey
New Mexico
New York
North Carolina..
North Dakota...
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina..
South Dakota...
Tennessee
Texas.
Utah
Vermont.
Virginia.
Washington '
West Virginia
Wisconsin
Wyoming
Total 73,272
Number
ofreturns
Deficit
(Thou-
sands of
dollars)
876
2,272
102
214
366
1,139
2,627
12, 434
270
675
13, 575
61, 020
685
2,485
376
553
2,587
14,298
1,261
4,505
573
2,021
5,826
22, 126
365
697
292
808
392
742
511
2,095
3,440
14, 070
215
513
99
364
632
1,945
1,148
3,160
523
1,588
1,768
6,129
322
926
286, 632
' Includes Alaska.
Table 11. — Individual returns, Form IO4O, with no net income, 1936, by deficit
classes: sources of income and deductions, and deficit
[Deficit classes and money figures in thousands of dollars]
(For text defining items and describing methods of tabulating and estimating data, see pp. 1-5]
Sources of income
Taxable
Sala-
Divi-
interest
dends
on par-
Deficit classes
wages,
com-
mis-
sions,
fees,
etc.
Busi-
ness
profit
Part-
nership
profit 1
Net
capital
gain 2
Rents
and
royal-
ties
on stock
of do-
mestic
and for-
eign
Income
from fi-
duci-
aries 1
tially
tax-
exempt
Gov-
ern-
Other
taxable
interest
Other
income'
corpo-
ment
rations 3
obliga-
tions *
Under 5
30, 762
15, 058
4,012
8,388
29, 647
22, 606
3,552
691
12, 499
4,399
5-10
8,233
3,008
1,501
3,377
4,623
8.437
1,038
163
3,087
1,157
10-25
8,096
2,196
1,804
3, 9G1
3,922
8.924
1,316
191
2, 804
1,230
25-50
4.610
2,312
970
1,070
790
115
73
978
1,165
171
42
63
49
863
843
340
5
8
73
1
2,747
1,932
1,029
465
478
97
23
2,573
699
205
328
47
46
2
5,105
4,340
1,285
1,221
851
1,317
70
873
737
490
155
185
301
91
67
38
154
1
4
(')
14
1,747
830
264
475
122
185
4
450
50-100
942
100-150
108
150-300
123
300-500.
23
500-1,000
59
1,000 and over
2
Total
57, 036
22, 729
9,450
22, 497
42, 091
54, 156
8,738
1,322
22, 017
8,493
For footnotes, see p. 134.
134
STATISTICS OF INCOME
Table 11. — Individual returns, Form IO4O, with no net income, 1936, by deficit
classes: sources of income and deductions, and deficit — Continued
[Deficit classes and money figures in tliousands of dollars]
Deficit classes
Sources
of in-
come—
Contd.
Total
income
Deductions
Busi
ness loss
Part-
nership
loss 1
Net
capital
loss 2
Interest
paid «
Taxes
paid 6
Contri-
butions
Other
deduc-
tions
Total
deduc-
tions
Deficit I
i
— I
Under 5
5-10
10-25
25-50
50-100
100-150.
150-300
300-500
500-1,000
1,000 and over.
131,614
34, 624
34,444
20, 012
13, 838
5,016
3,884
2.577
2,243
279
49. 512
15,465
l'2, 194
5.437
2.870
1,030
1,492
24
748
1,297
5,750
2,762
3,964
2.441
2.337
1,130
2,171
2,383
2,794
2,456
12, 087
1,306
942
288
130
36
29
16
11
23, 729
5,514
4,270
3,228
1,249
388
268
111
79
14
2,181
417
372
230
116
62
325
6
44
(")
88, 484
38, 265
52, 944
37, 554
32, 394
15. 735
19, 650
11,268
9,951
5,019
207, 721
70,415
81,213
52. 935
42. 008
18, 928
25,283
14,062
13, 804
8,792
Total .248,530 90,070 28,190 14,845 48,189 38,850 3,753 311,263 535,161 286,632
• For explanation of item, see p. 8.
1 For definition of capital assets and amounts of net capital gain and loss taken into account for tax purposes,
see text, p. 8, and sj-nopsis of laws, pp. 144-145.
3 "Dividends" include those on stock of both domestic and foreign corporations, excepting dividends
received by partnerships and fiduciaries. In former years, this item included dividends on stock of domestic
corporations subject to taxation under Title I of the various revenue acts, and until 1934, the dividends re-
ceived on stock of foreign corporations deriving more than half their gross income from sources within the
United States, whether or not received direct or by partnerships and fiduciaries.
• Interest received on United States savings bonds and Treasury bonds, owned in excess of .S5,000, and on
■obligations of certain instrumentalities of the United States (see items 5 and 25, Form 1040. p. 152).
' Excludes dividends received on stock of domestic corporations not subject to taxation under Title I of
the Revenue Act of 1936 and on stock of foreign corporations. In former years, dividends received from these
two types of corporations were tabulated as "other income," except in so far as included in partnership and
fiduciary income, and until 1934 except in so far as received from foreign corporations deriving more than half
their gross income from sources within the United States. See footnotes 1 and 3.
• Excludes amounts reported in schedules A and B as business deductions.
? Less than $500.
REVENUE ACTS OF 1913-1936
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT (1933)
A SYNOPSIS OF
INDIVIDUAL INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"
135
A SYNOPSIS OF INDIVIDUAL INCOME AND PROFITS TAX RATES,
ESTATE AND GIFT TAX RATES, CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA IN "STATISTICS
OF INCOME"
INDIVIDUALS
A. Individuals required to file returns, personal exemption, credit
for dependents, and normal tax rates, under the Revenue Acts of 1913
through 1936, and certain tax provisions of the National Industrial
Recovery Act (1933).
B. Individual surtax rates and total surtax under the Revenue
Acts of 1913 through 1936.
C. Individual supplemental income and profits tax rates and tax
credits, under the Revenue Acts of 1917 through 1936.
ESTATES
D. Estate tax rates, total estate tax, specific exemption, and credits
against estate tax, under the Revenue Acts of 1916 through 1935.
GIFTS
E. Gift tax rates, total gift tax, specific exemption, exclusions and
deductions under the Revenue Acts of 1924, 1932, and 1932 as amended
by 1934 and 1935.
137
138
STATISTICS OF INCOME
A. — Individuals required to file returns, -personal exemption, credit for dependents,
tax provisions of the National
Applicable to citizens and residents of the United States
Income year
Individuals required to file returns 2
Revenue Act
Married and living with
husband or wife *
Single, or married and
not living with hus-
band or wife
Net in-
come =
Gross in-
come re-
gardless
of amount
of net in-
come
Net in-
come 5
Gross in-
come re-
gardless
of amounf
of net in-
come
1913 (Oct 3, 1913)
Mar. 1, 1913, through
Dec. 31, 1915.
1916
$3, 000
3,000
2,000
2,000
2,000
[ 2, 000
2,500
i 3, 500
3,500
2,500
$3, 000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1, 000
1916 (Sept 8, 1916)
\l917
1917 (Oct. 3, 1917)
J
(1918 - -
1918 (Feb. 24, 1919) .
11919,1920
11921
$5, 000
5,000
5,000
5,000
5,000
$5, 000
5, 000
5,000
5, 000
5,000
1921 (Nov 23, 1921)
.^1922
[l923 lo
1924 (June 2, 1924)
1924
1925 -
1926 (Feb. 26, 1926)
{l926 -
1927
[1928
1929
1928 (May 29, 1928)... ....
1930
1931
1932 (June 6, 1932)
1932,1933
National Industrial Recovery
1933
Act (June 16, 1933). '^
1934 (May 10, 1934)
1934,1935
\ 2. 500
5,000
1,000
5,000
1936 (June 22, 1936)
1936
For footnotes, see pp. 140-141.
STATISTICS OF INCOME
139
and normal tax rates, under the Revenue Acts of 1913 through 1936, and certain
Industrial Recovery Act {1933)
Applicable to citizens and residents of the United States— Contd.
Applicable to nonresident aliens '
Personal exemption and credit
for dependents 3
Net income subject
to normal tax «
Normal
tax rate
(per-
cent)
Personal exemption
Credit
for each
depend-
ent 8
Married
and living
with hus-
band or
wife, or
head of
family '
Single, or
married
and not
living
with hus-
band or
wife, and
not head
of
family '
Nor-
mal
Married
and living
with hus-
band or
wife, or
head of
family "
Single, or
married
and not living
with husband
or wife, and
not head of
family "
Credit
for each
depend-
ent 8
rate«
(per-
cent)
• $4, 000
4,000
2,000
2,000
2,000
11 2, 500
2,500
3,500
3,500
2,500
• $3, 000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,000
$200
20U
200
400
400
400
400
400
All
1
2
2
4
6
12
4
8
4
8
2
4
6
3
5
3
5
"2
iM
IV2
3
5
134
3
5
4
8
1
All . ...
$4, 000
1
$3, 000
2
/First $2,000
\Balanceover$2,0'00..
f First $4,000
2
J
\ (»)
[ (')
\ 1, 000
• 1, 000
• 1, 500
1, 500
• 1, 500
• 1, 500
• 1, 500
} 1, 000
(«)
(»)
1,000
1,000
1,500
1.500
1,500
1,500
1,500
1,000
(')
(»)
(12)
(12)
(12)
(.2)
(12)
(12)
(12)
(12)
\Balance over $4,000. -
/First $4,000 . ..
12
\Balance over $4,000--
/First $4,000 .
8
\Balanceover$4,000_.
[First $4,000.-.
13 8
] Second $4,000
[Balance over $8,000..
(First $4.000...
13 6
■^ Second $4.000
iBalance over $8,000.-
nFirst $4,000- -
135
•^Second $4.000--
(Balance over $8,000-
( First $4,000
135
■ Second $4,000
iBalance over $8,000.
(First $4,000-.
13 1< 4
•^ Second $4,000
(Balance over $8,000-.
(First $4.000
135
{Second $4.000
U Balance over $8,000--
fFirst $4,000
135
13 8
IBalance over $4,000..
2,500
1,000
400
All
4
/ 1, 000
\ 16 1, 000
1,000
16 1,000
(12)
(12) (16)
134
1" 10
83167—38 10
140
STATISTICS OF INCOME
[Footnotes for table A]
References ifi notes mean the notes of this synopsis.
' Required to file income tax returns for all income from sources within the United States, (except income
specifically exempt bv law) regardless of amount, unless total tax has been paid at source.
2 (a) Urider the Revenue Acts of 1913, 1916, and 1917, individuals were required to file retxirns on a calendar
year basis, while under the Revenue Act of 1918 and subsequent acts, returns are permitted for a fiscal
year other than that ending Dec. 31.
(6) For the years 1913 through 1915, a citizen or resident of the United States whose net income was less
than .$20,000 and for whom a full return was made by withholding agent, was not required to file a return.
(c) For 1921 and subsequent years citizens deriving a large portion of their gross income from sources
within a possession of the United States are required to file returns for all income derived from sources
within the United States, or income from sources within or without the United States received within the
United States, regardless of amount. (See sec. 202 of the Revenue Acts of 1921, 1924, and 1926, and sec. 251
of the Revenue Act of 1928 and subsequent acts.)
(d) For 1925 and sub?equent years American citizens who are nonresidents of the United States for more
than 6 months of the year are not required to report earned income from sources without the United States,
and are not required to file returns unless their gross income, exclusive of such e.xempt earned income, equals
or excee Is $i.OO;J; or unless their net income, exclusive of such exempt earned income, equals or exceeds the
amount indicated in this table under "Individuals required to file returns." (See also (c) above.) For
1932 and subsequent years the exclusion from gross income of earned income from sources without the United
States does not aiiply to amounts paid by the United States or any agency thereof. (See sec. 116 (a).
Revenue Act of 1932 and subsequent acts.) 'J'he compensation of resident alien employees of foreign gov-
ernments is excluded from gross income under certain conditions. (See sec. 116 (h), Revenue Act of 1936,
which subsection (h) was added to sec. 116, Revenue Act of 1934 by Public, No. 374, 74th Cong., and which is
retroactive, subject to the statutory period of limitaton.)
3 Not applicable to citizens deriving a large portion of their gross income from sources within a posse.ssion
of the United States, 1921 and subsequent years. Such citizens are entitled to the personal exemption
shown in this table for nonresident aliens, 1921 and subsequent years.
* Husband and wife each to file a return unless combined income is included in joint return.
» Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined
in the various revenue acts. Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after April 6, 1917, for the production of articles contrbuting to the prosecution of the war is included to
a reasonable amount in business deductions, 1918 through 1921.
(b) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are deductible for 1917 and subsequent years. (For unlimited
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Act of
1928, and subsequent acts.)
(c) Losses sustained in transactions entered into for profit but not connected with business or trade are
not deductible. 1913 through 1915. For 1916 and 1917 such losses are deductible to the extent of the aggre-
gate income from such transactions; for 1918 through 1931, such losses are wholly deductible, exceiUing
that for the years 1924 through 1933, the loss, if incurred through the sale of capital assets held for more than
2 years, is deductible from total tax to the extent of 12^ percent of the loss. (See table C, p. 145 ) For
the years 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than capital assets held for
more than 2 years, and other than bonds issued by a government or political subdivision thereof) are allowed
only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any
excess loss thus disallowed, computed without regard to any losses sustained during the preceding tax-
able year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as
loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital
assets. (See sec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial
Recovery Act repeals, effective as of Jan. 1, 1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limit-
ing the application of losses from the sale or exchange of stocks or bonds Mother than capital assets) to gains
from similar transactions during the same taxable year and prohibiting the carrying forward and application
of such losses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of
1932, the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to
persons dealing in securities or carrying on the banking business. (See sec. 23 (r) (3), Revenue Act of 1932.)
However, section 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1, 1933, section
23 (r) (3) of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to per-
sons carrying on the banking business, thereby limiting the application of losses from the sale or exchange of
stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such
losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also
amends, effective as of Jan. 1, 1933, section 182 (a) of the Revenue Act of 1932 by removing the privilege of
individual members of a partnership to reduce their individual net incomes by their proportionate shares
of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other than capital
assets). By the Revenue Act of 1934 the definition of c;ipital assets is broadened to include all property
held by taxpayer, whether or not connected with trade or business, regardless of period held, except stock in
trade, property which would be included in inventory, or property held for sale in ordinary course of business
STATISTICS OF INCOME 141
or trade. The same provision is contained in the Revenue Act of 1936, so that for 1934 and subsequent years
capital losses are computed on the basis of certain percentages which vary according to the period for which
assets have been held, and deduction of capital losses (after the percentages are applied) is limited to $2,000
after subtracting gains from such sales (such dediction not to exceed the final net loss from such sales after
the percentages are applied). (For method of computing capital gains and losses, see table C, pp. 144-145.)
The Revenue Acts of 1934 and 1936 allow losses from wagering transactions only to the extent of the gains
from such transactions, and deny deductions for losses from sales or exchanges of property, directly or indi-
rectly, between members of a family and (except in case of distributions in liquidation") between an indi-
vidual and a corporation in which such individual owns, directly or indirectly, more than 50 percent in
value of the outstanding stock. (See sec. 24 (a) (6), Revenue Acts of 1934 and 1936.)
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by
the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior
to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the pre-
ceding year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the
net income for the preceding year, the amount of such excess is to be deducted from the net income of the
succeeding taxable year. The Revenue Acts of 1921 through 1928 provide that net loss in any year begin-
ning after Dec. 31, 1920, may be deducted from the net intome of the succeeding taxable year, and" if such net
loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the next
succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931 shall be allowed
as a deduction in computing net income for the next succeeding taxable year only. (See sec. 23 (i) and sec.
117, Revenue Act of 1932.) However, section 218 (a) of the National Industrial Recovery Act repeals,
effective as of Jan. 1, 1933, sections 23 (i) and 117 of the Revenue Act of 1932, thereby removing the privilege
of deducting from the net income for the current taxable year a net loss for the preceding taxable year.
There is no provision in the Revenue Act of 1934 or subsequent acts for deduction of net loss for prior year.'
« Net income subject to normal tax is all net income after deducting the sum of:
(o) Personal exemption.
(b) Credit for dependents, 1917 and subsequent years.
(c) Dividends on stock of domestic corporations, 1913 through 1935, other than (1) corporations deriving
a large portion of their gross income from sources within a possession of the United States, 1921 and subse-
quent years, and (2) China Trade Act corporations, 1922 and subsequent years, and (3) corporations exempt
from tax, 1932 and subsequent years.
(d) Dividends on stock of foreign corporations receiving a certain amount of income from sources within
the United States, for the years 1913 through 1933.
(e) Income, the lax upon which has been paid or withheld for payment at the source of income for the
years 1913 through 1917.
CO Interest not wholly tax exempt on United States obligations issued after Sept. 1, 1917, which is required
to be included in gross income, and for 1934 and subsequent years interest on obligations of instrumentalities
of the United States, as defined in section 25 (a) (3), Revenue Act? of 1934 and 1936.
(g) Credit of 10 percent of the amount of the earned net income, but not in excess of 10 percent of the entire
net income, for 1934 and subsequent years. (See table C, p. 145.) (See note 13.)
' No provision for head of family in Revenue Act of 1913. E.xemption prorated for period Mar. 1 through
Dec. 31, 191.3.
' For each dependent under 18 years of age or incapable of self-support because mentally or physically
defective.
' Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit
for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes
no income tax or allows similar credit to citizens of the United States not residing within such foreign
country.
'" Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924.
11 For net incomes in excess of $5,000, personal exemption is $2,000.
12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mex-
ico), $400 credit allowed for each dependent.
13 For 1922 through 1933, alien residents of contiguous countries (Canada or Mexico) on net income attribu-
table to compensation for labor or personal services actually performed in the United States, receive
benefit of normal tax rate provided for United States citizens. For 1934 and 1935 the rate of normal tax is
the same for all individuals, both resident and nonresident. (See note 16.)
i< See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates
of income tax for 1929.
15 See note 5 (r) and (d).
1' For 1936, nonresident alien individuals not engaged in trade or business within the United States and
not having an office or place of business therein at any time within the taxable year are not allowed any
deductions or credits but are taxed upon the gross amount of fixed or determinable annual or periodical
income from sources within the United States (capital net gains not included) at the rate of 10 percent,
except that such rate shall be reduced in the case of a resident of a contiguous country, to such rate (not
less than 5 percent) as may be provided by treaty with such country. The 10 percent tax is in lieu of the
normal tax and surtax imposed by sections 11 and 12, Revenue Act of 1936. Nonresident aliens who at any
time within the taxable year are engaged in trade or business within the United States or have an office or
place of business therein are allowed the deductions and credits provided by sections 213 and 214, Revenue
Act of 1936, and are subject to the normal tax of 4 percent and the graduated surtax upon their net income
from all sources within the United States.
142
STATISTICS OF INCOME
B. — Individual surtax rates and total surtax
Net income '
Revenue Act
1913
1916
1917
1918
1921
Exceed-
Equal-
On incomes for
On incomes for
On incomes for
On incomes for
On incomes for
ing
ing
Mar
. 1, 1913,
1916
1917
1918
1919, 1920,
1922, 1923 2
through Dec.
and Act of 1921
3
. 1915
on incomes for
1921
Rate
Rate
Rate
Rate
Rate
Thousands of
(per-
Total
(per-
Total
(per-
Total
(per-
Total
(per-
Total
dollars
4 1 a
cent)
surtax
cent)
surtax
cent)
surtax
cent)
surtax
cept)
surtax
5
6
7.5
8
10
12
12.5
13
14
15
16
18
20
22
1
2
2
3
3
4
4
4
5
5
5
8
$io"
25
35
75
135
150
170
210
250
300
400
500
660
1
2
2
3
4
5
5
5
6
6
8
9
$io"
40
50
110
190
215
240
290
350
410
550
710
890
6
1
1
2
3
3
3
4
4
5
6
8
$15'
20
40
80
95
110
140
180
220
320
440
600
7- 5
g
10
12
12.5
13
14
15
16
18
20
$20"
.$26'
22
24
40
40
8
820
10
1,090
9
780
24
26
60
60
8
980
11
1,310
10
980
26
28
80
80
8
1,140
12
1,550
11
1,200
28
30
100
100
8
1,300
13
1,810
12
1,440
30
32
120
120
8
1,460
14
2,090
13
1,700
32
34
140
140
8
1,620
15
2,390
15
2,000
34
36
160
160
8
1,780
16
2, 710
15
2,300
36
38
180
180
8
1,940
17
3,050
16
2,620
3S
40
200
200
8
2,100
18
3,410
17
2,960
40
42
220
2
240
12
2,340
19
3,790
18
3,320
42
44
240
2
280
12
2,580
20
4,190
19
3,700
44
46
260
2
320
12
2,820
21
4,610
20
4, 100
46
48
280
2
360
12
3,060
22
5,050
21
4, 520
48
50
300
2
400
12
3, 300
23
5,510
22
4,960
50
52
2
340
2
440
12
3,540
24
5,990
23
5,420
52
54
9
380
2
480
12
3,780
25
6,490
24
5, 900
54
56
2
420
2
520
12
4,020
26
7,010
25
6,400
56
58
2
460
2
560
12
4,260
27
7,550
26
6, 920
58
60
2
500
2
600
12
4,500
28
8,110
27
7,460
60
62
2
540
3
660
17
4,840
29
8, 690
28
8,020
62
64
2
580
3
720
17
5,180
30
9,290
29
8,600
64
66
620
3
780
17
5,520
.■^1
9,910
30
9,200
66
68
2
660
3
840
17
5,860
32
10, 550
31
9,820
68
70
2
700
3
900
17
6,200
33
11,210
32
10, 460
70
72
2
740
3
960
17
6, 540
34
11,890
33
11, 120
72
74
2
780
3
1, 020
17
6, 880
35
12, 590
34
11,800
74
75
2
800
3
1,050
17
7,050
36
12,950
35
12,150
75
76
3
830
3
1,080
17
7,220
36
13,310
35
12, 500
76
78
3
890
3
1,140
17
7, 560
37
14, 050
36
13, 220
78
80
3
950
3
1,200
17
7,900
38
14,810
37
13,960
80
82
3
1,010
4
1,280
22
8,340
39
15, 590
38
14, 720
82
84
3
1,070
4
1,360
22
8,780
40
16, 390
39
15, 500
84
86
3
1,130
4
1,440
22
9,220
41
17,210
40
16,300
86
88
3
1,190
4
1,520
22
9,660
42
18, 050
41
17, 120
88
90
3
1,250
4
1,600
22
10, 100
43
18, 910
42
17,960
90
92
3
1,310
4
1,680
22
10, 540
44
19,790
43
18, 820
92
94
3
1, 370
4
1,760
22
10, 980
45
20, 690
44
19, 700
94
96
3
1, 430
4
1,840
22
11,420
46
21,610
45
20, 600
96
98
3
1,490
4
1,920
22
11,860
47
22, 550
46
21,520
98
100
3
1, 550
4
2,000
22
12, 300
48
23,510
47
22, 460
100
150
4
3,550
5
4, 500
27
25, 800
52
49,510
48
4fi. 460
150
200
4
5.550
6
7,500
31
41,300
56
77,510
49
70, 960
200
250
4
7, 550
7
11,000
37
59, 800
60
107, 510
50
95, 9(10
250
300
5
10, 050
8
15, 000
42
80, 800
60
137, 510
50
12(1,960
300
400
5
1.5,050
9
24, 000
46
126, 800
63
200,510
50
170,960
400
500
20, 050
9
33, 000
46
172,800
63
263, 510
50
220. 960
500
750
6
35, 050
10
58, 000
50
297,800
64
423, 510
50
345. 960
750
1,000
6
50, 050
10
83, 000
55
435, 300
64
583, 510
50
470, 9(i0
1,000
1, 500
6
80, 050
U
138, 000
61
740, 300
65
908, 510
50
720, 960
1,500
2, 000
6
110,050
12
198,000
62
1, 050, 300
65
1, 233, 510
50
9'0, 96(1
2,000
5,000
6
290, 050
13
588, 000
63
2, 940, 300
65
3, 183, 510
50
2, 470, 960
5,000
6
13
63
65
50
1 In arriving at the net income subject to surtax for 1934 and subsequent years, the sum of the personal
exemption and credit for dependents is allowed as a credit; prior to 19.34 no such credit wis allowed.
2 Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of ihe Revenue Act of 1924.
STATISTICS OF INCOME
under the Revenue Acts of 1913 through 1936
143
Net income '
Revenue Act
1924
1926
1932
1934
1936'
Exceed-
Equal-
On incomes for
On incomes for
On incomes for
On incomes for
On incomes for
ing
ing
1924
1925, 1926, 1927,
1932, 1933
1934, 1935
1936
and Act of 1928
on incomes for
1928 through
1931
Rate
Rate
Rote
Rate
Rate
Thotisr
nds of
(per-
Total
(per-
Total
(per-
Total
(per-
Total
(per-
Total
dolt
ars
cent)
surtax
cent)
surtax
cent)
surtax
cent)
surtax
cent)
surtax
4
5
6
7.5
8
10
5
6
7.5
8
10
12
4
4
5
5
6
$40
80
155
180
300
440
4
4
5
5
6
7
$40
......
80
1
1
2
$15'
20
40
80
155
180
300
-.
$20'
--
$20'
440
12
12.5
1
25
1
25
3
95
8
480
8
480
12.5
13
1
30
1
30
3
110
8
520
8
520
13
14
1
40
1
40
3
140
8
600
8
600
14
15
2
60
2
60
4
180
9
690
9
690
15
16
2
80
2
80
4
220
9
780
9
780
16
18
3
140
3
140
5
320
11
1,000
11
1,000
18
20
4
220
4
220
6
440
13
1,260
13
1,260
20
22
5
320
5
320
8
600
15
1,560
15
1,560
22
24
6
440
6
440
9
780
17
1,900
17
1,900
24
26
7
580
7
580
10
980
17
2,240
17
2,240
26
28
8
740
7
720
11
1,200
19
2,620
19
2,620
28
30
9
920
8
88C
12
1,440
19
3,000
19
3,000
30
32
10
1,120
8
1,040
13
1,700
19
3.380
19
3,380
32
34
10
1,320
9
1,220
15
2,000
21
3.800
21
3,800
34
36
11
1,540
9
1,400
15
2,300
21
4,220
21
4,220
36
38
12
1,780
10
1,600
16
2,620
21
4,640
21
4,640
38
40
13
2,040
10
1,800
17
2,960
24
5,120
24
5,120
40
42
13
2,300
11
2,020
18
3,320
24
5,600
24
5,600
42
44
14
2,580
11
2,240
19
3,700
24
6,080
24
6,080
44
46
15
2,880
12
2,480
20
4,100
27
6,620
27
6,620
46
48
16
3,200
12
2,720
21
4,520
27
7,160
27
7,160
48
50
17
3,540
13
2.980
22
4,960
27
7,700
27
7,700
50
52
18
3,900
13
3,240
23
5,420
30
8,300
31
8,320
52
54
19
4.280
14
3,520
24
5,900
30
8,900
31
8.940
54
56
19
4,660
14
3,800
25
6,400
30
9,500
31
9,560
56
58
20
5,060
15
4,100
26
6,920
33
10, 160
35
10, 260
58
60
21
5,480
15
4,400
27
7,460
33
10, 820
35
10, 960
60
62
21
5.900
16
4,720
28
8,020
33
11, 480
35
11,660
62
64
22
6,340
16
5,040
29
8,600
36
12, 200
39
12, 440
64
66
23
6,800
17
5,380
30
9,200
36
12,920
39
13, 220
66
68
24
7,280
17
5.720
31
9,820
36
13,640
39
14,000
68
70
25
7,780
17
6,060
32
10, 460
39
14, 420
43
14, 860
70
72
26
8,300
18
6,420
33
11,120
39
15, 200
43
15, 720
72
74
26
8,820
18
6,780
34
11, 800
39
15. 980
43
16, 680
74
75
27
9,090
18
6,960
35
12, 150
42
16. 400
47
17, 050
75
76
27
9,360
18
7,140
35
12, 500
42
16, 820
47
17, 520
76
78
28
9,920
18
7,500
36
13, 220
42
17, 660
47
18, 460
78
80
28
10, 480
18
7,860
37
13, 960
42
18, 500
47
19,400
80
82
29
11,060
19
8,240
38
14, 720
45
19, 400
51
20,420
82
84
30
11,660
19
8,620
39
15, 500
45
20, 300
51
21,440
84
86
31
12, 280
19
9,000
40
16, 300
45
21, 200
51
22, 460
86
88
31
12. 900
19
9,380
41
17, 120
45
22, 100
£1
23, 480
88
90
32
13, 540
19
9,760
42
17, 960
45
23,000
51
24, 600
90
92
33
14, 200
19
10, 140
43
18, 820
50
24, 000
55
26, 600
92
94
34
14, 880
19
10, 520
44
19,700
50
25, 000
55
26, 700
94
96
35
15, 580
19
10, 900
46
20, 600
50
26. 000
55
27, 800
96
98
36
16. 300
19
11, 280
46
21, 520
50
27, 000
55
28,900
98
100
36
17,020
19
11.660
47
22, 460
50
28, 000
55
30, 000
100
150
37
35. 520
20
21, 660
48
46, 460
52
54, 000
58
59,000
150
200
37
54, 020
20
31,660
49
70, 960
53
80,500
60
89, 000
200
250
38
73. 020
20
41, 660
50
95, 960
54
107, 500
62
120, 000
250
300
38
92, 020
20
51, 660
50
120, 960
54
134, 500
64
152, 000
300
400
39
131,020
20
71, 660
51
171, 960
55
189, 5C0
66
218, 000
400
500
39
170, 020
20
91, 660
52
223, 960
66
245, 600
68
286, 000
500
750
40
270. 020
20
141, 660
53
356. 460
57
388,000
70
461, 000
750
1,000
40
370, 020
20
191, 660
54
491, 460
58
533, 000
72
641, 000
1,000
1,500
40
570, 020
20
291,660
55
766, 460
59
828, 000
73
1, 006, 000
1,500
2.000
40
770, 020
20
391,660
55
1,041,460
59
1, 123, 000
73
1,371,000
2,000
5,000
40
1, 970. 020
20
991, 660
55
2, 691, 460
59
2, 893, 000
74
3, 591, 000
5,000
40
20
55
59
75
' Not applicable to all nonresident alien individuals. See note 16, p. 142.
144
STATISTICS OF INCOME
C.-^ Individual supplemental income and profits tax rates
Excess-profits tax
Tax credit for income and profits taxes paid
to foreign countries or United States pos-
sessions
Rev-
enue
Act
Income
year
Income subject to excess-
profits tax
Rate
(per-
cent)
Rev-
enue
Act
Income year
Amount of credit
1917
1917
Salaries in excess of $6,000,'
and income in excess of
$6,000 I from business hav-
ing no invested capital.
Net income from business
having invested capital ;2
Net income equal to 15
percent of invested cap-
ital less deduction. 3
Net income in excess of 15
percent of invested cap-
ital but not in excess of
20 percent of invested
capital.
Net income in excess of 20
perce jt of invested cap-
ital but not in excess of
25 percent of invested
capital.
Net income in excess of 25
percent of invested cap-
ital but not in excess of
33 percent of invested
capital.
Net income in excess of 33
percent of invested cap-
ital.
8
20
25
35
45
60
1917
1918
1921
1921
1924
1926
1928
1932
1934
1936
1917
1918, 1919,
1920
1921
1922, 1923 6
1924
1925, 1926,
1927
1928, 1929,
1930, 1931
1932, 1933
1934, 1935
1936
Income and profits
taxes paid to foreign
countries or United
States possessions
were not allowed as
a tax credit but
were included in
general deductions
from gross income,
except that taxes
paid to foreign coun-
tries were not al-
lowed to nonresi-
dent aliens.
Amount paid or ac-
crued.*
Do. 5
Do.
Do.
Do.
Do.
Do.7
Do.'
Do.?
1 In excess of $3,000 for nonresident aliens.
2 Nonresident aliens having business with invested capital, reported only that proportion of invested
capital which net income from sources within the United States was of the entire net income.
3 Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of
invested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not
less than 7 percent nor more than 9 percent) . If not established during at least one whole year of the pre-war
period, 8 percent. If, during the pre-war period, the individual had a deficit or a very small income from
business, of if invested capital cannot be determined, same percent as that of representative businesses.
(See sec. 210, Revenue Act of 1917.)
* Nonresident aliens were not allowed to deduct income taxes paid to foreign countries, either as a tax
credit or in general deductions for the years 1918, 1919, and 1920.
' Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is
taken, that the taxpayer's net income from sources without the United States bears to the entire net income.
This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income
from sources within a possession of the United States, but to such persons these taxes arc allowable as a
deduction from gross income, if imposed upon income from sources within the United States. For the
years 1921 through 1931, the amount of income and profits taxes paid to foreign countries or United States
possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions against gross
income. (See note 7.)
6 Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924.
~ For 1932 and subsequent years, the taxpayer may elect to credit the income and profits taxes paid to
foreign countries or United States possessions (with certain limitations) against the income tax liability to
the United States, or to include the entire amount of such taxes in deductions against gross income. (See
sees. 131 and 23 (c) (2), Revenue Act of 1932 and subsequent acts.)
* Except stock in trade, property which would be included in inventory, or property held for sale in
ordinary course of business or trade.
' The following percentages of the gains or losses recognized upon the sale or exchange of capital assets
are taken into account in computing net income:
100 percent if capital a'lset was held not over 1 year.
80 percent if capit'il asset was held over 1 year, but not over 2 years.
60 percent if capital asset was held over 2 years, but not over 5 years.
40 percent if capital asset was held over 5 years, but not over 10 years.
30 percent if capital asset was held over 10 years.
STATISTICS OF Il^COME
and tax credits, under the Revenue Acts of 1917 through 1936
145
Capital gains and losses
Rev-
enue
Income
year
Definition
of capital
Tax on capital net gain
Tax credit on capital net loss
Act
assets
1921
1922, 1923 6
Assets
Taxpayer may elect to be taxed
None. Capital net loss is de-
held over
at 12,1 2 percent on capital net
ductible from ordinary income.
2 years.
gain, provided that the total
tax, including the tax on capital
net gain, is not less than 1232
percent of the total net income.
(Loss in ordinary net income
cannot he deducted from capital
net gain.)
1924
1924
...do..
Taxpayer may elect to be taxed
at 1232 percent on capital net
gain, if the tax would be greater
than 123'2 percent by including
capital net gain in ordinary net
income. (Loss in ordinary net
income may be deducted from
capital net gain and the balance
taxed at 123 -^ percent.)
Capital net loss may be reported
apart from ordinary net in-
come, and a tax credit of 12)4
percent of the capital net loss
taken, if tax thus produced is
not less than the tax would be
if the capital net loss were de-
ducted from ordinary income.
1926
1925, 1926,
1927
...do.
Same as 1924 Act ....
Same as 1924 Act.
1928
192S, 1929,
1930, 1931
...do
do
Do.
1932
1934
1932, 1933
1934, 1935
...do
do
Do.
]A11 prop-
Taxable gains, and losses are com-
None. (See preceding column
\ erty held
puted on basis of certain percent-
for deduction of capital losses.
1936
1936
I by tax-
payer,
whether
0 r n 0 t
connect-
ed with
trade or
business,
regard-
less of
period
held.8
ages ' which vary according to
period for which assets were held.
Capital net gains, after the per-
centages are applied, are in-
cluded in net income and are
subject to normal tax and surtax.
Deduction for capital losses, after
the percentages are applied, is
limited to $2,000 after subtracting
gains from such sales (such de-
duction not to exceed the final
net loss from such sales after the
percentages are applied).
Credit on earned net income
Rev-
enue
Act
Income
year
Kind of
credit
Earned net income subject to tax
for computation of credit
Limit of credit
1924
1924
Against
All net income up to $5,000 whether
25 percent of normal tax on
tax.
earned or not, and up to $10,000,
if earned.
earned net income. (Cannot
exceed 25 percent of normal
tax on ordinary net income.)
1926
1925, 1926,
...do
All net income up to $5,000,
25 percent of total tax on earned
1927
whether earned or not, and up
to $20,000, if earned.
net income. (Cannot exceed
the sum of 25 percent of normal
tax on ordinary net income
and 25 percent of surtax on
earned net income.)
1928
192S, 1929,
1930, 1931
...do
A.\\ net income up to $5,000,
whether earned or not, and up to
$30,000, if earned.
Do.
1932
1934
1932, 1933
1934, 1935
Against
All net income up to $3,000, whether
10 percent of the earned net in-
1936
1936
< net in-
earned or not, and up to $14,000,
come, but not in excess of 10
l come.
if earned.
percent of the entire net in-
come.
146
STATISTICS OF IXCOME
" Cm '^'^
s<
ooooooooooooooooooooooooooooooo
HOQOOOOOOOOOOOOOOOOOOOOOO
5C^ O O-^ C
CO >— ' "C O O O !
5 CD CD CO CO O !
5 OOOO
; O CD CD CO
-— ^C^CO^OOlGOCDcDcDOOC^^Tf'MilMt— t^<NfMt-l^(MC^IOI<NCS(M'MCS
^i-H.-.(MCC"^t^01i— '-^C
:05'<»'OcOCOaicOCO
_,— ..— I.— .ClCCCO-^TT— 'C^
l-^COGCOC^-^t^t^OOfCCOCOCiaiC^iOOO--
'^f f^ O CO CO Ol -- s
■^ Tf trj lO lO »c CO :
fc;5>?
5^ ^
^ «" -H ^* c^' c^' :c cc -TtT o" 00
^c^fc^^t^oic^c^o^^asaic^csiox^^t^occyracoc^-rocoooo
• C^C^OIC^COCOCOt)--
^irD»C'C^iC!O:D;0
!;5 s
MOOOOOOOOOOOOOOOOOOOOOOOOOOOCOOO
Sooooooooooooooooooooooooooooooo
^■-HfCCDOiOaiO'OOiOO^OtOOOOOOOOOOOOOOOOOO
^ ,_..— icotpcdqoos'Mc^c^-s'cdo-^occi— 'dcr-oo-— '— '— '
^cqccTfiot^ooo^»-
' 00 (M CO
T-. CD "H
1— 'C^CC^^t^t-OSOi-— ''-HCOfOiOtOb-Oi'— 'COiOt^OSf
; t^ OS »-- cc »c »c »o
<<N(N(NC^ir4COCCCO?0COTf'<*"^-
t;3s
iB2
Hooooooooooooooooooooocrooooooooo
CoOOOOOOOOOOOOOOOOOOO'OOOOOOOOOOO
a ' ^co •^cD*c^'»o'c^'""'-rt"'ac*oo"cc'co'x'cxrco'po cc"rc ^
■^ •— ".— t(McorO"^2Cccxcoaicccco*c--«30co":!ioio
^ -^ w C^l C^ W^ *C CO X Oi ^ CO CO CO
i01C^C0C0-«J"TfiOiOC
■G005O'-iCSC0Tf^»OC0r^0005OOO
wOOOOOOOOOOOOOOOOOOOOOCrCrCrC: C C:
mOOOOOOOOOOOOOOOOOOOOO" — z: —■ ~ ~
^ '— ' C^ CO -^ iQ Ol lO *0 O »0 »0 to ^ iQ lO lO to lO to to iC I- lC l." u- ic ..-
^.-.(MCOCO^OCDCOOC
i-H^CSJCOCOrJHiOCDOOC
■^ -X: X: X
--f ^ 1— I ^ -^ -—t
00 g
S 9
H(NC^<Nc0C0i''*''^C0CDXXOC^'*'^tDC0XXOOO(M(MiO»Oi0
Oi ^ tt.
mOOOOOOOOOOOOO^^OOOOOOO^w 03000000
n— 1^-,, — ^r— i—jf— ^.— :(— it-ir^r-j.:r^r!5000 0 00000 0 00000000
OOOOOOOOOOOOO:
^C^-^COXOXOOOOOOOOOOOOOOOOOOOOOC
"^ <--r.-7co"<rx'^co r-^c^*i^c^*cs*c^'c^rcs'c^c^'c'j rf c^"c^'
° ^(MC^I'<S-*CCDX'*Ot^rfCqoO:)XXXXO<N'N(N
O 1— ic^csco-^toiocoxoc^"ot--c^t^
^ -^ ^ 1-« -^ T
(NC^fNfNiM'^TfTpcOCOXXOOOOMCq'^'^cDtOXXOOOC^lMiOuOiO
V ,_-,,_,,_-,r-(i-Hr-l.— (I— ti— li— (1— I.— I01CSCSC^(NC^CSC^
■S'2 3^s
si
IjOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
wiOOtOOiOiOu^tOOiOiOiQOiOOOOOOOOOOOOOOOOOO
^-Hcyj^COr-COC^l^OC^C^C^^Or^iOiOiOiOOiCiOiOO'OiCU^iCiOUOiOiO
HtMCOOXt^O^fMcD-— 'CO
1-^cDcoO'^'— <i— •— 1-^.-..-,,— 1,-^
I— ic^coTp'^coo^ooio-Hr-TtH'— 'CO-— '!D'— tt_ _ _
.-Hi— KNiMcOCC'^iOcDXOi^C^t^C^
i-Tr-rcsTt-"
CO '^
^ (>» -^ o •
^c^c^c^cccc-rr-^^^^oioooi^r^ooccciosoooooooo
2 M
f'OOOOOOOOQOOOOOOOOOOOOOOOOOOOOOO
br^C^M^u^r^O'OO'OOiCO^tiOOOOOOOOOOOOOOOQO
^ ,-(,-H(N(M'^'^cO»^XOiOO»OO^OiCOOOOOOOO
"o i--ri--rc^'c^'c<rfo"'<^-^"'C cDt^x'oTo c5"o"
lOOOOOOOOOOOOOOOOOOOOOOOOOOOOOQO
11— •C^CC^»Ot^O^O>OOu^O>OOOOOOOOOOOOOOOOQO
I i-H f-« c^ CS tT -^p CO t^ X OiO O *C O lO o *o o O O O O O o o
I r-Ti-Tc^^c^'co'cc "*~V"»c"<o'r^x"oi"o po
STATISTICS OF INCOME
147
■a •
» t- CO ^
5s
" O c<5 0) — ' .^ 2r" ><■
Si S2 *« >S 2 •«
2^
erf
.05 .0
.— 2 S =H IM
2'S e®g'®
2 >"
Oi S
fc . 3 _• . —
(- ^- ^ 'J' ® '^
o "=
T3 ° 05 00= -£2
01 g-*! CO ^co ceo
to i:;
•S of ^C)
M
C a
62
= 2 (§
C8g-g^
^ ?^ * ■"
O ® H S
a 1" CO c
CO 03 a
5-c2«.b£i^^
bC
S^So^og.;
„ ^ OS ®
o ® C 3
2 ®±; «
0 q;
2 03
j2 ®
£; o »
be be u
'bi'S S V, a
5^ ®"S g
J. 5 3<i «
g.2 6 2-S i
— 00-
i-ajp— oOoce
Ki-i ^1 ^^ /T( 1*1 *n .X . ,
=i'Sg3So»3-c.s^
3 >
Etf
.2 B
; ■£ 3 « j^i i£
o i^ > ca 0^ 03
&•<
. , <B C^ .„ :s X3
® J8£2 = b£o
o o 3< > otS ©
IM 03
g to a ® 5 "^
o 0>'
a
Id'
M" S j:? — — > ®
hS® « c8 ®,„a
S 0-2 aa
bo *J tH ^3
J » '§ "^ >? J ■
>< S a a^ «^
■"■-co S £"
|*S 0-S.S 3
is^>:|®x
^ - r/-" *"■ © r^ ^
fe ® oS'-o*^
■^5 c8'?.2 bc-S
j'S c a
; c o o
^ 'O 2:^ c5 o c;' 03
SO
-O ® "O
•a ®
a>"^
5 §■•«
iS fc: S .
.t: a a> in
ti^-C ®
a2-S
lis a
fa ® 5 X
t, ^M CO
o a ®^
£T3 bO®
O
a
»
T)
0
a
3
a
■^$5
0
•0
ft
a
■o
s
m
c«o
c/)
rf]
ax2
*
T3
a>
0
a
0
a
3
•0
,,-,
>,
^
<D
Id
a
>
u
s
T3
Cfl
Q
a
C
03
^
J3
r-1
-1
n
OS
"o
03
<s
"0
yi\
2
SJ=
^_>
_®
0!
c3
<B
<1
i-
■e
bf-O
ce a
•^ 05
J2
a
>
a
cr
a
bo-Otf
a
,, ,
03 03 Oj
0
0
a
c
6
c
^^
.c
■0
"3
(/J
a)
0
1934, fo
every n
3d State
urns an
mputed
a
0
bO
a
«-.-.^o5S
r)
May 1
red fo
he Un
horn r
h tax
a
V.
after
') requ
th in t
, for w
y whic
•0
s
g*-c2S
dent (on
return is
t date of
Aug. 30,
is amou
a
'a
'i
S-^^'feS
a
0
a
■0 ©"tj-s
■"■c CO— a
0
ider
owe
situ
die(
itio
a>
y res
n all
was
who
-add
n
ga.2a5
fe
*" a c8 ® — a=
I- B s.'O coS
ed fo
c exe
s of
dece
ition
of 19
03
5
.!= c S t- ■a
jj
requ
speci
gardl
ept fo
of ad
<lo
=
>
rn is
the
e, re
exc
tion
"0
a
.0
a
P
X retu
xceeds
e estat
death
mputa
, of Re
S^S'og
©
a
® cox: c t.
s
<u
^0
Ota
-^sgart'-gM
148
STATISTICS OF INCOME
-Gift tax rates, total gift tax, specific exemption, exclusions and deductions under
the Revenue Acts of 1924, 1932, and 1932 as amended by 1934 and 1935.^
Revenue Act
1924
1932 2
1932 s
1932'
Net
gifts
as amended by 1926
as amended by 1934
as amended by 1935
In effect June 2,
1924, through
Dec. 31, 1925
In effect June 6,
1932. through
Dec. 31, 1934
In effect calendar
year 1935
In effect calendar
year 1936 and
subsequent years
Exceeding
Equaling
Rate
(per-
cent)
Amount
of Tax
Rate
(per-
cent)
Amount
of Tax
Rate
(per-
cent)
Amount
of Tax
Rate
(per-
cent)
Amount
of Tax
$10, 000
20, 000
1
1
$!00
200
$75
225
IM
$75
225
132
3
$150
,$i6,'6o6"
450
20, 000
30. 000
1
300
2H
450
2H
450
4.4
900
30. 000
40. 000
1
400
3
750
3
750
6
1,500
40, 000
50. 000
1
500
iH
1,125
ZH
1,125
732
2,250
50, 000
70. 000
2
900
5
2,125
5H
2,175
9
4,050
70, ono
100.000
2
1.500
5
3,625
^M
4,200
1032
7,200
100,000
150.000
2
2,500
6,1.;
6.875
9
8,700
12»i
13, 575
1.50,000
200, 000
3
4,000
632
10, 125
9
13. 200
\2}i
19,950
200. 000
250. 000
3
5. .500
8
14, 125
12
19, 200
15
27, 450
250, 000
400. 000
4
11,500
8
26, 125
12
37, 200
15
49, 950
400, 000
450. 000
4
13, 500
Q'A
30, 875
14M
44, 325
17^
58, 575
4.'i0, 000
fiOO, 000
6
22, 500
9H
45, 125
1434
65. 700
17^
84. 450
fiOO. 000
750, 000
6
31.. 500
11
61, 625
16M
90, 450
193-2
113,700
7.50, 000
800, 000
8
35, 500
11
67, 125
163^
98, 700
193/2
123,450
800,000
1,000,000
8
51, 500
12H
92, 125
18Ji
136, 200
21'/i
166, 950
1, 000, 000
1, 500, 000
10
101, 500
14
162, 125
21
241, 200
24
286, 950
1, 500. 000
2, 000, 000
12
161,. 500
153-2
239, 625
2314
357, 450
26^
418, 200
2, 000. 000
2, 500, 000
14 1 231,500
17
324, 625
253/2
484, 950
2832
560, 700
2, 500, 000
3, 000, 000
14
301, .500
183^-2
417, 125
27M
623, 700
30^
714,450
3, 000, 000
3, 500, 000
16
381, 500
20
517, 125
30
773, 700
33
879, 450
3, 500. 000
4, 000, 000
16
461, 500
213-2
624, 625
3214
934. 950
3514
1,055,700
4, 000. 000
4, 500, 000
18
551,500
23
739, 625
34;^
1, 107, 450
373--2
1, 243, 200
4. 500, 000
5, 000, 000
18
641,500
243-2
862, 125
36
1, 287, 450
39?4
1,441,950
5, 000, 000
fi, 000, 000
20
841,500
26
1, 122, 125
37J.^
1, 662, 450
42
1, 861, 950
fi. 000, 000
7, 000, 000
20
1,041,500
2732
1,397,125
39
2, 052, 450
441^
2, 304, 450
7, 000, 000
8, 000, 000
20
1,241,500
29
1,687,125
401-2
2, 457, 450
\b%
2,761,9.50
8, 000, 000
9, 000, 000
22
1,461,500
303^
1,992,125
42
2, 877, 450
i7H
3. 234. 450
9, 000, 000
10. 000, 000
22
1, 681, 500
32
2,312,125
43M
3, 312, 450
im
3.721,950
10, 000. one
20. 000. 000
25
4, 181, 500
333i2
5, 662, 125
45
7, 812, 450
50}4
8, 746, 950
20. 000, 000
50. 000, 000
25
11,681,500
3332
15, 712, 125
45
21, 312, 450
5\H
24,271,950
50, 000, 000
25
33' ■;
45
523^
Revenue Act
Specific exemption, ex
elusions and deduct
ons
1924 as amen
ded by 1926..
Specific exemption:
Resident: $50,000 each calendar ye
Nonresident: None.
Gifts to individuals not in excess of $5(
Previously taxed property and charita
ar.
)0.
ble, etc. gifts.
1932 and 1932
as amended
Specific exemption:
by 1934.
Resident or citizen: $50,000 allowe
or over a period of years at optio
Nonresident alien: None.
Exclusion of $5,000 for each donee (exc
Charitable, public, and similar gifts.
i but once; may be t
n of donor.
apt future interests).
aken all
in one year
1932 as amen
ded by 1935..
Specific exemption:
Resident or citizen: $10,000 allowe
i but once; may be t
aken all
in one year
or over a period of years at optio
n of donor.
Nonresident alien: None.
Exclusion of $5,000 for each donee (exc
2pt future interests).
Charitable, public, and similar gifts.
1 No gift tax in effect, Jan. 1, 1926, through June 5, 1932. Gift tax returns are required to be filed for the
year ending Dec. 31.
2 Tax for current year is the excess of tax computed on the aggregate sum of net gifts for such current yeai
and preceding years over tax computed on aggregate sum of net gifts for preceding years.
INCOME-TAX FORMS
149
FACSIMILES OF INDIVIDUAL INCOME TAX RETURNS AND
PARNERSHIP RETURN OF INCOME FOR 1936
Form 1040. Individual income tax return for net incomes from sal-
aries or wages of more than $5,000 and incomes from business, pro-
fession, rents, or sale of property.
Form 1040 A. Individual income tax return for net incomes of not
more than $5,000 derived chiefly from salaries and wages.
Form 1065. Partnership return of income.
151
152
STATISTICS OF INCOME
RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN 55,000
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY
For Calendar Year 1936
or 6»:«1 y«r begun 1936. and ended 1937
Do Not Write in These Spaces
(Au<UU»*a StufiF)
Oxte
SerUr
Number
Dutnd
(CuU.r-« sump)
RIc Tbii Retuni Net Utti Thu the tSlb Dij of tbe TWd Moolb FoDowiat Ibe CIok bT llw Ttuble Ytc
PRINT NAME AND ADDRLSS PLAINLY BELOW {Sw lustrvciion 2S)
Cth Check M.O. Cmrt.<JtnA.
(Siroct and Dumber, or rural route)
(Post office) (Counij-) (Sunt]
s
7. BowiiuDvdvpeiidot
1 , Salaries, Wages, Commissions, Fees, etc.
2. Net Profit (or Loss) from Bubid-
r Profession. (From Ecbedul
y 3. IntercBt on Bank Deposits, Notea, Corporation Bonds, etc. (except interest o
bonds).
(AIL
(Atlscti
irbiisUieM)..
. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Sour
. Taxable Interest on GovcrnmeDt obligations, etc. (From Scbwlule D, Lino (s)) .
. Dividends. (From Schedulo E) — „
, Income (or Losa) from Partnerships, Syndicates, Pools, etc. iFuroisboBroB.iK
. Income from Fiduciaries. (Famish name Md adilress) -
. Rents and Royalties. (From achedulaB)
. CapitAl Gain (or Loss). (From EthoduJo C) (1 f capiial low, tbli cmount may not cic«d 82.000) _
. Other looome. (State Dstuic) (rrsftpsialescbedule. if necessary).-
Total Income in Items 1 to 11 --
DEDUCTIONS
. Interest Paid. (EipUlD in Schedule F)
. Taxes Paid. (Eiplaln lo Schedule F)
, Losses by Fire, Storm, etc. (Explain is table at root or pace 3)
. Bad Debts (including bonds determined to be worthless during taxable year). (Explain in EcbednJeF)-
. Contributions. (Explain In Sctcdule F)
s Authorized by Law (including stock determined to be worthlcsa during t&xablc year).
(Explain Id S
Tota:
eF)..
Dedcctions m Itemb 13 '
. 18..
COMPUTATION OF TAX (See Instruclion 23)
, Net income (Item 20 above)....
Less: Personal exemption
Credit for Dependents.
24. Balance (Surtax net 1
(See Instruction 22).
, Bftlanco subject to normal tax, IS-.
J I..
23. Normal tax (4% of Item 27)
29. Surtax on Item 24. (See loEtruction 23)..
30. Total tax. (Item 28 plus Item 29)
31. Less; Income (at paid at source (
otit.
i4)..
32.
o[ Tai. (Item 30 minus Items 31 and 32)..
AFFIDAVIT (See Instruction 27)
isued thereunder.
Subscribed and sworn to by before
t of mWour
1 tbe Regu-
. day of „.., 193...
A RETUKN MADE BY AN AGENT MUST SE ACCOMPANIED BT POWER OF ATTOIWCT (Set laD.n)
AFFIDAVIT (See Instruction 27)
1/we BWear (or afSrm) that I/we prepared this return for tte peraon or persons named herein and that the return (including ita accompanying achedulea and
statemcnta, if any) is a true, correct, and complete statement of all the information respecting the Income tax liability of the person or persons for whom this
return has tjcen prepared of which I/wc have any knowledge.
Subscribed and sworn to before me this day of _ 193... —
STATISTICS OF I2iJ"C0ME
153
1. Total receipts from buBincse o
Cost op Goods Si
2. Labor
3. Material and supplies
SCHEDULE A— PROFIT fOR LOSS) FROM BUSINESS OR PROFESSION (See Inrtnictioi
profession (etata kind of buainees) „
4. Merchandise bought for sale
5. Other costs {itemize below or on separate sheet)
6. Plus invectory at beginning of year
7. ToTAi, (Linea 2 to 6) ,
8. Less inventory at end of year
9. Net Cost op Goods Sold (Line 7 minus Line 8)
Enter "C", or "Cor M",
vcntories are valued at cost, <
Other Bceinesb Deductioks
10. Salaries not included as "Labor" in Line 2 (do
not deduct compensation for your services)..
11. Interest on bu&inees indebtedness to others.
12. Taxes on business and business property
13. losses (eiplain in table at foot of page)
14. Bad debts arising from salea or sen'ices ,
15. Depreciation, obsolescence, and depletion (ex-
plain ia table provided at foot of page) ,
16. Rent, repairs, and other espenses {itemize be-
low or on separate sheet)
17.
Total (Lines 10 to 16)_
IS. ToTAl. DEDncTTOS-a (Line 9 plus Line 17)
19. Net Propit (or Loss) (Line 1 minus Line 18) (Enter s
claimed on Lines 5 and 16..
SCHEDULE B— INCOME FROM RENTS AND ROYALTIES (See Instruction 6
1. EUfD or pEOriKTT
\tiss
WbcHEVEB OEEATEn lOOl Ol p«t)
..„».
a OrnxE EzrCNSu
atemj» below)
7. Nm Pmonr
(Eaur H Ittm 9^
_ _ „
$
s
.. .. $._
$
$
1
1
Explanation of deductions
claimed ia Column 6—
SCHEDLXE C— CAPITAL GAINS AND LOSSES {From Sales or Eicfaangea Only) (See Instruction 10)
J, DisraiPTiow or
PROFERTT *ST>
Pwjoo Held
^.£S.
EZCBAKt^ED
4. 08053 g*LM Price
(Contract price)
§S^^
'Masch 1, iaa
Bj}§pL
.O^o.,^
M
■"O-^IS."^—
(Furalsb delans) j
.. OmhM
b. TiMW
•10)1 year or less:
Mo. Dav yt3i
s.. ._
100
so
60
40
$ ...
•'»».T»v,^r°°'
IVer B^j^s: "' "^
'
•(rf> Oter S yeara but noi
ovtx 10 jars:
•(rt Ov« 10 ye&n;
CO Total drsB and Lobseb (Enter net amount m Item 10; not In excess of ?2,000. If net amount Ib a capital loss).
«
»
»' aKh ported to Cdanm 10 kboT«,
^ dmdeDdA, oUter nontuable dlvldsid^
SCHEDULE D— INTEREST ON GOVERNMENT OBLIGATIONS. ETC, (See Instruction S)
—
AX End or Yua
Dutaa TSK Ycua
4. P»inar*L
ErcHrnoN
^''o^Tii^oT"
(a) Obligations of a State, Territory, or political subdivision thereof,
All , , .
AIL ... .-,..
All. . -_-.
A1L_ .
$5,000
xxxxxx
xxxxxx
xxxxxx
xxxxxx
$
XX
XX
XXXXXX
XXXXXX
xxxxxx
xxxxxx
$
(6) Obligations issued under Federal Farm Loan Act, or under such
Art M amenfipri
(c) Obliitationfl of Umted Sutcs issued on or before September 1,
1917 „ _ .
(d) Treasurv Notes, Treasury BUla, and Treasury Certificates of
Indebtedness _
•-
XX
XX
XX
(f) Obligations of imtnimcntalitiea o"f the United States (other than
*
~
SCHEDULE E— INCOME FROM DITTDENDS
Itemize all dividends received during tbe year, stating
3 and addresses of corporations declaring the dividendB:
SCHEDULE F— EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS I, 13. 14, 1«, 17. AND 18, AND CBEDIT CLAIMED IN ITEM 2»
EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
(U btUldlECS, ntU- matMUl
^,SSL
1 COSTORHAEfBl. iei3,
(Iiidicst« buis)
t AsatTs PruT B. DirMOiTioit
OS OTBSa B.flI9 TO
7. Lm UaxD
DeruOA-
a ZgmtATID
or ycx«
a Dzmainoif
ALL0*AaLEtHniY«4»
»
.^
S.
EXPLANATION OF DEDUCTION FOR LOSSES BY HRE. STORM. ETC.. CLAIMED IN SCHEDULE A AND IN ITEM IS
1. EiKo or PioruTT
1 Dati Acqcoxd
ICoft
4. SUMIOOCTT
ImnoriMEtrm
fi. DEPBBCUnON
ALLOW! ILX BlNCX
AcQtnsmoK
a Invujn un>
B.I.TAOB Vuns
7. Dtoecnau Urn
«
,
._..
154
STATISTICS OF INCOME
INSTRUCTIONS
The InstrucUoas Nambered 1 to 20 Corre3(>ond with the Item Numbers oa the First Page of the Betnrn
I. INCOME FROM SALARIES. WAGES. COMMISSIONS. ETC.
Enter as Item 1 on page 1 of the return, all salaries or other compensation
credited byorreceived fromoutsidesourcea. Use a separate Une for each eatrj,
giving the information requested. - ,. , •
Any amount claimed as a deduction for necessary expenses agamst salaries,
etc Guch as traveling expenses, while away from home in the pursuit of a trade
or business, should he fuUy explained in Schedule F on page 2 of the return, or
OQ an attached sUtement. Traveling expenses ordmorily include expenditures
for railroad fares, meals, and lodging.
2. PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION
If you owned a business, pr practiced a profess
■ the net profit (or loss) ;
This schedule should includi
ucts of manufacturing, mining, consirucuoi
eervicc, euch as hotel, restaurant, and garage
storage, transportation, etc.; and (c) Professional
from: (a) Sale of meTchandi3
riculture; {i) Busir
ents, launderinc,
as dentistry, law.
a the earning of which you incurred
e schedule. — If you are a farmer and keep no books of account,
or keep t>ooks on a cash basis, obtain from the Collector, and attach to this
return, Form 1040F, Schedule of Farm Income and Expenses, and enter the net
farm income as Item 2 on page 1 of this
Install
fngf (a) GroBs'salesr'ii-rCosrof 'goods sold; (c) Gross profits; "(rf) Percentage of
pro6ta to gross sales; (e) Amount collected; and {/) Gross profit on amount
collected. {See Section 44 of the Revenue Act of 1936.)
Kind of business. — Describe the business or profession in
in Item 2, page 1, as "grocery", "retail clothing", "drug
"doctor", "lawyer", "farmer", etc. , ...
Total receipts.— Enter on Line 1 of Schedule A the total receipts, loss any
discounts or allowances from the sale price or service charge.
Inventories.— If engaged in a trade or business in whuh the production, pur-
chase, or sale of merchandise is an income-producing factor, inventories of mer-
chandise on hand should be taken at the beginning and end of the taxable year,
which may be valued at cost, or cost or market, whichever :s lower.
SaJaries.— Enter on Line 10 all salaries not included as Labor on 1-me -,
except compensation for services of yourself, your dependent minor children,
of husband or wife if a joint r
space provided
"is filed, which is not deductible.
.liic.co*.— ^uvw «^ Line 11 interest on business indebtedness. Do not
Delude interest to yourself on capital invested in or advanced to the busi
Interest.— Enter '
Taxes. — Enter c
i 12 taxi
Do not include taxes asses
increase the value of the property
inheritance, legacy.
s property or for carrying on busi-
J Scctio
in case a deduction is claimed on account of depletion of mines, oU or gas wells,
or timber, see Sections 23 (m), 23 (n), and 114 of the Revenue Act of 1936.
Do not claim any deduction for depreciation in the value of a buadmg occupied
by you as a dweUing, or property held for personal use. nor for land (exclusive
of improvements thereon), nor on stocks, bonds, and securities.
Rent, repairs, and other expenses. — Enter on Line 16 rent on business prop-
erty in which you have no equity, ordinary repairs to keep the property in a
usable condition, and other necessary business expenses not classified above,
euch aa heat, light, and fire insurance. Do not include rent for a dwelling
occupied by you for residential purposes, the cost of business equipment or
furniture, expenditures for replacements or permanent improvements to prop-
erty, nor personal, living, or family expenses.
3. INTEREST ON BANK DEPOSITS, ETC.
Enter as Item 3 all interest received or credited to your account during the
taxable year on bank deposits, notes, mortgages, and corporation bonds, except
interest on bonds upon which a tax was paid at the source. Interest on bonds
is considered income when due and payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tax was paid at source. Such
tax (2 percent of the interest eater(;d in Item 4) may be claimed aa a credit in
Item 31 of the return.
6. INTEREST ON GOVERNMENT OBLIGATIONS, ETC.
Schedule D should be filled in if you ov.-n any of the obligations or securities
enumerated in Column 1. Enter in Column 2 the principal amounts of the
various obligations owned at the end of the year and enter in Column 3 all
interest received or credited to vour account during the year on these obliga-
tions, including your share of such interest received from a partnership, or an
estate or trust. .. .
Interest on all coupons falling due within the taxable year T\^U be considered
as income for the year, ^\ here the books are kept on a cash receipts and disbursc-
mentfi basis. If the books arc kept on an accrual basis, report the actual amount
of interest accrued on iho obligations owned during the taxable year.
If the obligations enumerated on Line (e) are owned in excess of the exemption
of S5.000, or any on Line CO are on-ned in any amount, Columns 5 and 6 should
be filled in, and the total of the interest reported on Line ig) should be entered
fls Item 5 on page 1 of the return.
(See also Instruction 2-1, paragraph (d).)
6. DIVIDENDS
Enter aa Item 6 the total of aU di\-idends reported in Schedule E.
7 AND 8. INCOME FROM PARTNERSHIPS. SYNDICATES. POOLS, ETC..
AND FIDUCIARIES
Enter as Item 7 your share of the profit* (whether received or not) (or of the
losses) of a partnership, syndicate, pool, etc., and as Item 8 income from an
except that the share of taxable iirterest on obligations of the
cide
should include in your return your distributive share of the net profits (or losses)
(or such accounting period ending within your taxable year.
9. INCOME FROM RENTS AND ROYALTIES
Fill in Schedule B, giving the information requested.
If you received property or croiw in lieu of cash rent, report the income M
though the rent had been rcceiveti in cash. Crops received as rent on a crop-
ahare basis should be reported as income for the yvm in which di5pofted of (unless
your return shows income accrued)
wear and tear, or depletion
B table at the foot of page 2.
, fire insurance, fuel, light, labor, and
,^u,=^^ —^^..^^ v... -. — incurred in the trade or business, if not com-
pensated for by insurance or othermse and not made good by repairs claimed as
a deduction. Losses of business property arising from fire, storm, etc., sboj.-i
be explained in the table at the foot of page 2 of the return. . . ,
Bad debts.— Enter on Line 14 debts, or portions thereof, arising from sale? •
services that have been reflected in income, which have been definitely asr-
tained to be worthless and charged off within the year, or such reasona.
amount as has been added to a reserve for bad debts within the year.
A debt previously charged off as bad, if subsequently coUectcd, must be re-
turned as income for the year :n which collected. . ,. ,
Depreciation.— Enter on Line 15 the amount claimed as depreciation by reason
of exhaustion, wear and tear of property used in the trade or business, or as
obsolescence or depletion, and explain in the table at the foot of page 2 hoj\
this amount was determined. If obsolescence is claimed, explain why the
useful life is less than the actual life. ^ u l
The amount of depreciation on property acquired by purchase should be
determined upon the basis of the original cost (not replacement cost) of the
property and the probable number of years remaining of its expected useful life
except tt the property was purchased prior to March 1 , 1913, it will be computed
on the fair market value of such property as of that date or its original cost (less
depreciation actually sustained before that date), whichever is greater. If the
property was acquired in any other manner than by purcha." "« s-^f.^^a 7:1
0), 23 (o). and 114 of the Revenue Act of 1936.
Enter aa depreciation the am
sustained during the taxable ye:
Other expenses, such as inter — . . .
other necessary expenses of this character should be itemized.
10. CAPITAL GAINS AND LOSSES
Report sales or exchanges of capital assets in Schedule C and enter the net
Item "10.''^ fcAp'lTAL U)3SES ARE ALLOW A BLe' O^Tl Y^TO THE E.X-
TENT OF S2.000 PLUS CAPITAL GAINS. THEREFORE. IF THE
TOT.Kh AMOUNT OF CAPITAL LOSSES IS IN EXCESS OF THE
TOTAL AMOUNT OF CAPITAL GAINS. THE AMObi^T TO BE
ENTERED AS ITEM 10 MAY NOT EXCEED S2,000.) Describe the prop-
erty briefly, and state the price received or the fair market value of the property
received in exchange. Expenses connected with the sale or exchange may bo
deducted in computing the profit or loss.
If the property sold or exchanged was acquired pnor to March 1, 1913. the
basis for determining GAIN is the cost or the fair market value as of March 1,
1913, adjusted as provided in Section 1 13 (b) of the Revenue Act of 1936, which-
ever is greater, but in determining LOSS the basis is cost so adjusted. (See
Section 113 of the Revenue Act of 1936.) If the amount shown as cost is other
than actual cash cost of the property sold or exchanged, full details must bo
furnished regarding the acquisition of the property.
Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,
or depletion ^hich has been allowed (but not less than tlie amount allocable)
in respect of such property since date of acquisition, or since March 1, 1913, if
the property was acquired before that date. In addition, if the property was
acquired before March 1, 1913, the cost shall be reduced by the depreciation
actually sustained before that date. ,
Subsequent improvements include expenditures for additions, improvemenls,
and repairs made to restore the property or prolong its useful life. Do not
deduct ordinary repairs, uiterest, or taxes in computing gain or loss.
No loss shall be recognized in any sale or other disposition of shares of stock
or securities where vou have acquired substantiaJy identical stock or securities^
within 30 davs before or after the date of such sale or disposition, unless you aro
engaged in the trade or business of buying and selling stocks and securities.
No deduction shall be allowed in respect of losses from sales or exchanges of
prooertv, directly or indirectly, (A) between members of a family, or (B) except
in the case of distributions in liquidation, between an individual and a corpora-
tion in which such individual owns, directly or indirectly, more than tO per-
cent in value of the outstanding stock For the purpose of this paragraph —
(C) an individual shall be considered as owning the stock owned, directly or
indirectly, by his family: and (D) the family of an individual shall include only
his brotliers and sisters (whether by the whole or half blood), spouse, ancestors,
and Ureal descendants.
The provisions of the Revenue Act of 1936 relating to capital gains anc
k or securities iatbedlstnbutiogcorpoisiioa pri^r to tbe rcaii^t
} Id dccnniiilDS lb« period for wblch tho t&TpaTcr bu held si
4 tupijcr pmnoiij; (c
•ecjrhles tbe aequLiiloo ot
«ciuiiies. tb«re stall b« mchidcd tbe penod For n'hicti be beld tte :
(i) iimi/otion on (apifat Iojm».— Losses from salnfi or excbaceos of capital assets shall be allowed 0DI7
(l> gaias or losses (rom jhort sfiles'ol properly sSiU be consiJcred as galas or Iokcs from s.ilcs or u>
Notwithstanding the provisions of Section 117 (a) above, 100 percent of the
gain resulting to the distributee from distributions in liquidation of a corpora-
tion shall be taken into account in computing net income, except in the case of
amounts distributed in complete liquidation of a corporation. (See Section
115 (c) of the Revenue Act of 193G.)
Section 117 applies only to gains and losses upon the sale or exchange of
capital assets and. therefore, has no application to loss of useful value upon
the permanent abandonment of the use of properlj- or loss snslained as the
result of corporate stock or debts becoming worthless.
In the application of Section 117 a husband and wife, regardless of whether
payers.
Tiade,
) beE
3 of the other spouse upon sales
ider Section 117 (d) on the alio'
■hangcs of capital assets is in all
be computed without regard to gains and li
or exchanges of capita] assets.
11. OTHER INCOME
Enter as Item 11 all other taxable income far which no space is provided ou
12. TOTAL INCOME
Enter as Item 12 the net amount of Items 1 to 11, inclusive, after deducting
any expenses reported in Item 1, and losses in Items 2. 7, 9, and 10.
13. INTEREST PAID
Enter aa Item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under Schedule A or Bj. Do
not include interest on indebtedness incurred or continued to purchase or carry
obligations (other than obligations of the United States issued after September
24, 1917, and originally subscribed for by the taxpa>-cr) the interest upon which
is wholly exempt from taxation.
14. TAXES PAID
Enter as Item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local bencQ,ts of a
kind tending to increase the value of the properly assessed. Do not include
Federal income taxes, nor estate, inheritance, legacy, tuccession. and gift taxes,
nor taxes imposed upon your interest as shareholder of a corporation which are
paid bv the corporation without reimbursement from you, nor income taxes
claimed as a credit in Item 32. No deduction is allowable (or any. portion ol
foreign income and profits taxes if a credit is claimed in Item 32.
Any deduction on account of taxes should be explained in Schedule F'
15. LOSSES BY FIRE. STORM, ETC.
Enter as Item 15 losses of property not connected with your business or pro-
fession, sustained during the vear if arising from 6re, ctorm, shipwreck, or other
casualty, or from theft, and if not compensated for by insurance or otherwise.
(See Section 23 (e) of the Revenue Act of 193G.)
Explain losses claimed in the tabic pro\nded on page 2 of the return.
16. BAD DEBTS
Enter as Item 16 all bad debts other than those cjiimp:* as a deduction in
Schedule A. State in Schedule F. (a) of what the debts consisted, (b) when they
were created, (c} when they became due, id) what efforts w<
and (e) how they were actuaJIy"detennlDcd'(6 be worthless.
E made to collect,
STATISTICS OF INCOME
155
17. CONTRIBUTIONS
diter (U It*m 17 contributions or gifts made within the l*.Table ycAf to any
«orporatioD, or trust, or community chest, fuod, or foundatioo, org&oiipd aud
operated exclusively for religious, charitable, scientific, litcrarv, or cduea(ional
purposes, or for the prevention of cruelty to children or animals, no part of the
net eamtDCE of whicD inures to the benefit of any private shareholder or indi-
vidual, and no substantiiU part of the activities of which is carrnng on prcpa-
gaoda, or otherwise attempting, to inSuence legislation. The amount claimed
shall not exceed 15 percent of vour net income computed *ithoiit the benefit of
this deduction. A fiduciary filing the return for an estate may claim, in lieu of
thia deduction, that provided in Section 162 of the Revenue Act of 1936. List
organixatious and amounte contributed to each in Schedule F.
18, OTHER DEDCCnONS
Enter as Item IS any other authorized deduclions for which no space is
provided on the return. Do not deduct losses incurred in transactions which
were neithfr oonnectod with your trade or business nor entered into for profit.
If the retom is filed for an estate in process of admini5tration, there Bbould be
deducted the amount t>f any income paid or credited to a beneficiary. Any
<leduction clamicd fhould Ije explained in Schedule F.
No deduction is allowable for the amount of any item or part thereof allocable
to s class of exempt income, other than interest. ' Items directly attributable to
BUch exempt income shall be allocated thereto, and items directly attributable
to any class of ta\ab!e income shall be allocated to such taicabie income- A
t&zpajer receiving anf eiempt income, other thsD ioterest. or holding
it with his return as a part tfaereol
ng (I) the amount of each class of <
I allocated to each each daas (the
from which is exempt shall
nized statement, in detail.
ocome. and (2) the amount
Allocated bj spportionment
l>eiDg shown separalelf),
19. TOTAL DEDDCnONS IN ITEMS 13 TO 18
Enter as Item 19 the total of Items 13 to IS, inclusive. This amount should
not include any deduction claimed in Schedule A or B.
29. NET INCOME
Enter as Item 20 the net income, which ia obtained by dedocting Item 19
from Item 12, Tbe net income ehall be computed upon the ba^s of the taxable
year in accordance with the method of accounting legiilarly employed in keeping
your booLs, unless such method does not clearly re6ect your income.
2!. PERSONS REQIHRED TO MAKE A BETCRN OF INCOME
An income tax return must be filed by every citizen of the United States
whether residing at home or abroad, and ever>" person residing in the United
Stales though not a citizen thereof, whose gross income for the taxable year
(6) $2,500 if married and Uving with husband or wife;
(c) More than the personal exemption if status of taxpa^tr changed.
If an individual is single and the net income, induding that of dependent
minors, if any, is $1,000 or over, or if the gross income is S5.000 or over, a return
must be filed. If the combined net income of husband and wife, and dependent
minor children, if any, is S2,500 or over, or if their comliined gross income is
S5,000 or over, all such income must be reported in a joint Tetum. or in separate
returns of husband and wife. In case the husband and wife elect to fiJc separate
returns and their combined net income is S5,000 or over, each shall make a
return on Form 1040.
In order Tor a jtunt retom to be filed by a basband and wife, both sponsea
must hare had some income or deductions in the year for which the return is
filed and the return most include the income and deductions of both spoa&ea.
A joint relnm of hasbard and wife may be filed only if they were living to-
gether at the close of their taxable vear.
If the net income of a docedent to the date of his death was $1,000 or over,
if unmarried, or in excc&s of t*e credit allowed him by Section 25 (b) (1) and (3)
©f the Revenue Act of 1936 (computed without regard to his status as tbe head
cf a family), if married and Uving with spouse, or if his gross income for the
period was $5,000 or over, the executor or administrator shall mske a return
for him on Form 1040 or 1040A.
Income of (n) cHtatee of decedents before final settlement, (b) trusts, other
than revocable trusts, whether created by will or deed, is taxed to the fiduciary
•aaBioglepcrson.exccpt that from the income of a decedent's estate there should
be deducted any amount properly paid or credited to a beneficiary.
2t EARNED INCOME CRECIT. PERSONAL EXEMPTION, AND CREDIT
FOR DEPENDENTS
CrUtotu]
dof uctoTS, a reasooa
■ support U the dependent is not uader IB ye»n
_ . ipersonaleMniptlonorcrftillHordepeDdont^chaneed
WbM^ a rctnro [• (il^d on tbla lorm tor &a fl8tst« Id pnxnss of ftdmlnistrat too, or lor a trosl, && etcmplioa
tt ll,a» m»j be ctauned.
23. COMPUTATION OF TAX
Sortax. — The surtax oo any amount of surtax net income not shown tn the
table below is computed by adding to tbe surtax for the largest amount shown
which is less than the income, the surtax upon tbe excess over that amotmt
at the rate indicated in tbe table.
In the case of a bona fide sale of i
tberein, the surtax on the profit shall e
(Se« Section 105 of the Revenue Act o
Amoofit of sarUx not Income
^r
IS
^^,.^^^
IM*
^
A
B
c
A
B
c
lotoUfno
IBtOOO W S88 000
1
tiiooa
i
J
fSoOOW 80000 "'"
83167—38-
shall be based upon the net income of the estate or trust for any taxable year of
the estate or trust ending within his taxable year.
If tbe taxable year of a partner is different from that of tbe partnership, the
distributive share of the net income of the partnerEhip to be included in com-
puting the net income of the partner for his taxable year shall be based upon the
net income of the partnership for any taxable year of the partnership ending
within the taxable year of the partner.
Income tax paid to a foreign country or U. S. possession. — If, in accordance
with Section 131 (aj of the Revenue Act of 1936, a credit is claimed in Item 32
for income tax paid to a foreign country or a possession of the United States,
submit Form 1116 with your return with the receipts for such payments. In.
case credit is sought for taxes accrued, the form must have attached to it a
certified copy of the return on which the tax was based, and the Commissioner
may require a bond on Form 1117 for the payment of any tax found due i(
the tax when paid differs from the credit claimed.
24. ITEMS EXEMPT FROM TAX *
The following items are exempt from Federal income tax, except where
otherwise indicated, and should not be included in gross income:
S'l^K^
If ;
ate. TMrttory, c
bu EToss Income uDj ftmount properly oUocatle lo or ctiareeable ocunsL tbe u:
25. ACCRUED OB RECEIVED INCOME
■ books of account are kept on the accrual basis, report all i
hough it has not been actually i
and expenses incurred instead of expenses paid. If your l>ooks fire not kept on
tbe accrual basis, report all income received or constructively received, such as
bank interest credited to Vour account, and expenses paid. Ths return for a
decedent shall inchide all items of income and deductions accrued op to tbfl date
of deatl^ regardless of the fact that the decedent may have kept his books oa
a cash basis.
Tber
year begun in 1936 and ended i
The accounting period established must be cdhered to for subsequent years,
unless permission is received from the Commissioner to make a change. An
application for a change in the accounting period shall be made on Form 1128
collector prior to the ^cpiration of 30 days from the close
27. AFTTDAVrrS
Taxpayer or agent. — The affidavit must be executed by the person whose
income is reported or by his legal representative or agent. The return may be
made by an agent (1) if, by reason of illness, the person liable for the making
of the return is unable to make it, or (2) if the taxpayer is unable to make the
absence from the Umted States for a period c
Form 935,
Form 936 (copies of
of hu£t>aDd and wife,
be obtained from the collector of internal i
The joint return of husband and wife must be signed by both
spouses and sworn to by the spouse'preparing — filling in — thej-etum. 'if the
return is prepared by both spouses, or is prepared by neither cpouse, then both
except where one spouse acta for tbe other
spouses must swear to the ret
spouse under a power of attomi
Where return is prepared by
page 1 of the return should be answered fully, and where tbe
prepared by some person or persons, other than tbe taxpayer, such person or
persons must execute the affidavit at the foot of page 1 of the return.
The oath will be administered without charge by any collector, deputy collec-
tor, or internal revenue agent. If an internal revenue officer is not available, the
return should be sworn to before a notary public, justice of the peace, or other
person authorized to administer oaths, except an attorney or aRent employed to
represent the taxpayer l>efore the Department in connection with hi.s tax Ua'bility
2S. WHEN AND WHERE THE RETURN MUST BE FILED
The return must be sent to the collector of internal revenue for the district in
which you live or have your principal place of business, so as to reach the col-
lector's office on or before the fifteenth day of tbe third month following the
close of your taxable year. In case you have no legal residence or place of
business in the United States, the return should be forwarded to the Collector
of Internal Revenue, Baltimore. Mar>iand.
Your home or residential address ehooJd be ^ven Ln the space provided
at (he top of the first page cf the retnm. If yon have a permanent bnsinesB
address, that address may be given as the principal or mailing address, provided
that tbe complete home or residential address is also given.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
Tbe tax should be paid, if possible, by sending or briugmg with the return a
check or money order drawn to the order of "Collector of Internal Revenue at
id State)." Do not send cash by mail, nor pay it in person except
in four equal installments,
before the fifteenth day of
;;ar, the second installment
shall be paid on or before tbe fifteenth day of the third month, the third install-
ment on or before the fifteenth day of the sixth month, and the fourth installment
on or tiefore the fifteenth day of the ninth month after the latest date prescrit>ed
for paying the firBt installment.
If any installment is not paid on the date fixed for t__, ,
of tax unpaid shall be paid upon notice and demand by tbe collector.
30. PENALTIES
For willful faiJore to make and file a return on time.— Net m
or imprisonment for not more than 1 year, or both, together i
prosecution, and, in addition, 5 percent to 25 percent of the e
it, the whole amount
For willfally making a fabe or frandolent return. — No
■ both, together with the {
-e than $10,000
th the cogU of
unt of thi tax.
SIO.OOO or
J of
For deficiency in tax. — 5 percent of the amount of the deficiency if d
neghgence or intentional disregard of rules and regulations without inte
defraud, or 50 percent of the amount of the deficiency if due to fraud.
31. INFORMATION AT SOURCE
Every person making payments of salaries, wages, interest, rents,
during the calendar y
other fixed
to a single person, a partm
person, is required '
of 51,000 0
1 fiduciary, or $2,5'JO or more to a married
make a return on Forms 1096 and 1099 showing the amount
h payments and the name and address of each recipient. These forms will
be furnished by any collector of internal revenue upon request. Such returns
ing tbe calendar year 1Q36 must be forwarded '
Internal Revenue, Sorting Section, WashiHEton, D. C,
not later than February 15, 1937.
■- Commieei
■ of
-11
156
STATISTICS OF INCOME
Form 1040 A
TREASURY DEPARTMENT
INDIVIDUAL INCOME TAX RETURN
Do not write in this spaco
(Auditor'* >lMnp>
DERIVED CHIEFLY FROM SALARIES AND WAGES
For Calendar Year 1936
To b« fil»d with Ui* Collector of lnt*mml R«Tenu» tor your dUlrlet on or before March U, I93T
Nraba
tZi.l
(CMhier'a aUmpJ
PRirn- NAME AND HOME ADDRESS PLAINLY BELOW
- ^;;^-u^ii^:^;^!;:a-c^-^i;i«;:;:;^r^i^^^-^
s::.oS;:r ic:^:;^ " s^;;
OCCUPATION , ^ _
Cnh Check M.O.
I. Are you a citizen or resident
o( the United States?
3. Were you maiTied and living with
husband or wife duriDg your taxable
3. Was a separate return filed by
husband or wife? „ .
4. If not married, were you the head of a family
during your taxable year (See Instructio
11 fordefloitloD)'.
6. How many dependents (except husband or wife) received
their chief support from you during yotir taxable year?.
6. State date and nature of any cbanee ooder
questions 2. 4, or S during the year_
ln.tnKtioD No. INCOME
1. Salaries, wages, commissions, fees, etc. (From Schedule A),.
■2. Dividends. (From Schedule B)
3. Interest on bank deposits, notes, mortgages, and corporation bonds. (From Schedule C)..
4. Interest on bonds upon which a tax of 2% was paid at source. (From Schedule D)
6. Other income (including income from fiduciaries, etc.). (From Schedule F)
€, Total income in items 1 to 5
deductions
7. Contributions. (From Schedule O)
8. Taxes paid. (From Schedule H) —
9. Interest paid. (From Schedule Ti —
10. Losses by fire, storm, bad debts, etc. (From Schedule J) -
11. Total Deductions in items 7 to 10 _
computation of tax
12. Net income for normal tax purposes (item 6 minus item 11) -
13. Less: Earned income credit ■■
14. Personal exemption --
15. Credit for dependents. (Explain In Schedule K) „ - -
16. Balance taxable at 4% (item 12 minus items 13, 14, and 16) -
17. Total income tax (4% of item 16) - -
18. Less: Income tax paid at source on tax-free covenant bonds (2% of item 4)
19. Income tax paid to a foreign country or United States possession, (Attach Form iiis)..
20. Balance of tax (item 17 minus items 18 and 19),..- - ■_^
AFFIDAVIT (See Instruction 18)
I/we swear (or affirm) that this return has been examined by me/us, and, to the best of my/our knowledge and belief, is a true
and complete return for the taxable year as stated, pursuant to the Revenue Act of 1936 and regulations issued under authority thereoL
Subscribed and sworn to by —
before me this day of > 1937.
(SigDaturs) (See Instruction IS)
(SLpiature and title of officer administering oath)
POWER OF attorney. (See Instiuction IS.)
NOTE.— If you deri*« Incvna, recardlew of
bom a profeMioa or baaing—. Incladloa Cuming, or from
r ale of property, lue Fonn 104Q.
STATISTICS OF INCOME
157
Schedula A^INCOME FROM SALARIES AND WAGES. COMMISSIONS, FEES. ETC.
(9m lostnKtloo 1)
1. Nik
B AND Address or Emplotee ob Natdbb or Fees. CouiitssioNS, Etc
2. Amount Received
3. EiPE
3ES Paid (Itemlio«J)
- - -
$
$
o >. J « n wm.^^^m.^w, w~
'
Schedule B INCOME
FROM DIVIDENDS (Sm iDS'.ructloD I)
1. Ka^e
:.! Payor
2. Amount liECErvED
1. Naue or Patos
2 A no
JNT llEC
ElVEcT
$
-
Schedule C— INTEREST ON BANK DEPOSITS. NOTES. MORTGAGES. CORPORATION BONDS (See Id
Sche<:u:e D.— INTEREST ON BONDS ON WHICH A TAX OF 256 WAS PAID AT SOURCE (See InslruclloD 4)
1. Name or Pat
Schedule E TAX-EXEMPT INTEREST ON GOVERNMENT OBLIGATIONS. ETC. (Sco laslmction C)
1. OBUQATIONS AND SECDRITIES
End or Year
OR ACCRUED DURLNQ
THE VeaR
(o) Obligations of a Slate, Territory, or political subdivision thereof, or the District of
Columbia, or possessions of the United States
$
$
(6) Obligations of instrumentalities of the United States (such as obligations issued under
Federal Farm Loan Act, as amended, Uome Owners' Loan Act, etc.)
(c) Oblieations of the United States _
— -
Schedule F — OTHER INCOME (INCLUDING INCOME FROM FIDUCIARIES. ETC.) (See lostruclioD 5)
1. SouBCK or Is'coys
2. Nature or Inxome
3. Amount Received
$
- - -- " -
—
Schedule G.— CONTRIBUTIONS (See loaructioD 7)
ScRedule H — TAXES PAID (Sec lostmcUoD S)
1. Name and address or Oroan.jat.on
2. Amount Paid
1. Nature or Tai
2. To Wnou Paid
3. AMOUNT Paid
- " - -
s
- --
s
—
-
—
Schedule I.— INTEREST PAID (See iDStniCtionW
Schedule J.— LOSSES BY FIRE. STORM. ETC. (See InstruclioD 10)
1. To Wbom Paid
2. AMOUNT
1 Description
2- AHOONT
$._
—
$
Schedule K. — EXPLANATION OF CREDIT FOR DEPENDENTS CLAIMED IN ITEM IS (See InsmicUoo K)
1. Namx 0
r DSPENDEN
2. RSI_1TI0>*9H1P
3.
UN
INDICATE »■
DEB 18 Year
rj,To.
4. REA30
N roR Suppor ir Nut Undeb 18
—
158
STATISTICS OF INCOME
INSTRUCTIONS
The Ttittructiont If umbered 1 to 15 Correspond with the Item Sumbers on the First Page of the Return
INCOME
1. Income from salaries, wages, etc.— Enter as item 1 the
total of all salaries, wages, or other compensation credited by
or r ceived from outside sources, as reported in Schedule A.
Any amount claimed as a deduction for necessary expenses
against salaries, etc., such as traveling expenses while away
from home in connection with your occupation should be fully
explained in Schedule A or in an attached statement. Travel-
ing expenses ordinarily include expenditures for railroad fares,
meals, and lodging.
2. Dividends. — Enter as item 2 the total of all dividends re-
ported in Schedule D.
3 Interest on bank deposits, etc.— Enter as item 3 the total
of all interest on bank deposits, notes, mortgages, corporation
bonds, etc., reported in Schedule C. Interest on bonds is con-
sidered income when due and payable.
4 Interest on tax-free covenant bonds. — Enter as item 4 the
total of all bond interest, reported in Schedule D, upon which
a tax was paid at the source. Such tax (2 percent of the. inter-
est entered as item 4) may be claimed as a credit in item 18 of
the return.
5. Other income. — Enter as item 5 the total of all other tax-
able income, reported in Schedule F, including income from an
estate or trust.
6. Total income. — Enter as item 6 the total amount of items
lto5.
Schedule E should be filled in if you own any of the obliga-
tions specified in column 1. Enter in column 2 the principal
amounts of the various obligations owned at the end of the
year and enter in column 3 all interest received or credited to
your account during the year on these obligations, including
such interest received from an estate or trust.
DEDUCTIONS
7. Contributions.— Enter as item 7 the total contributions or
gifts, reported in Schedule G, made within the taxable year to
any corporation, or trust, or community chest, fund, or founda-
tion, organized and operated exclusively for religious, charita-
ble, scientific, literary, or educational purposes, or for the pre-
vention of cruelty to children or animals, no part of the net
earnings of which inures to the benefit of any private share-
holder or individual, and no substantial part of the activities
of which is carrying on propaganda, or otherwise attempting,
to influence legislation. The total amount claimed shall not
exceed 15 percent of your net income computed without the
benefit of this deduction.
8. Taxes paid.— Enter as item 8 the amounts reported in
Schedule H as personal taxes and taxes on property which
were imposed upon and paid by you during the taxable year.
Do not include taxes assessed against local benefits of a kind
tending to increase the value of the property assessed, nor
Federal income taxes, nor estate, inheritance, legacy, succes-
sion, or gift taxes, nor taxes imposed upon your interest as a
shareholder of a corporation which are paid by the corporation
without reimbursement from you. No deduction is allowable
for any portion of foreign income taxes if a credit is claimed
in item 19.
9. Interest paid. — Enter as item 9 the amount reported in
Schedule I as interest paid on personal indebtedness.
10. Losses.- Enter as item 10 the total amount reported in
Schedule J as losses by fire, storm, shipwreck, or other cas-
ualty, or from theft, sustained during the taxable year and not
compensated for by insurance or otherwise, and losses sus-
tained as the result of stocks or bonds or debts becoming
worthless.
Losses from wagering transactions are allowable only to
the extent of the gains from such transactions.
No deduction is allowable for the amount of any item or part
thereof allocable to a class of exempt income, other than inter-
est. Items directly attributable to such exempt income shall
be allocated thereto, and items directly attributable to any
class of taxable income shall be allocated to sucli taxable in-
come. A taxpayer receiving any exempt income, other than
interest, or holding any property or engaging in any activity
the income from which is exempt shall submit with his return
as a part tiiereof an itemized statement, in detail, showing (1)
the amount of each class of exempt income, and (2) the
amount of items allocated to each such class (the amount
allocated by apportionment being shown separately).
COMPUTATION OF TAX
12. Net income. — Enter as item 12 the amount of net in-
come, which is obtained by deducting item 11 from item 6.
13. Earned income credit. — Enter as item 13 the amount of
earned income credit, which is 10 percent of the amount of
your earned net income but not in excess of 10 percent of the
amount of your entire net income,
"Earned income" means wages, salaries, professional fees,
and other amounts received as compensation for personal serv-
ices actually rendered, but does not include any amount not
included in gross income, nor that part of the compensation
derived by the taxpayer for personal services rendered by him.
to a corporation which represents a distribution of earnings
or profits rather than a reasonable allowance as compensation
for the personal services actually rendered.
"Earned income deductions'* means such deductions as are
allowed by section 23 of the Revenue Act of 1936 for the pur-
pose of computing net income, and are properly allocable to or
chargeable against earned income.
"Earned net income" means the excess of the amount of the
earned income over the sum of the earned income deductions.
If the taxpayer's net income is not more than $3,000, his entire
net income shall be considered to be earned net income, and if
his net income is more than $3,000, his earned net income shall
not be considered to be less than ?3,000.
For the nurpose of determining the 10 percent limitation
the net income should include interest on an aggregate in
excess of $5,000 principal amount of United States Savings
Bonds and 'Treasury Bonds; and interest on obligations of in-
strumentalities of the United States (other than obligations
issued under the Federal Farm Loan Act, or under such Act as
amended), reported in Schedule E.
The earned income credit allowable to each spouse in a joint
return is the same as is allowable to each spouse in separate
returns; however, the earned income, earned income deduc-
tions, earned net income, and net income of each spouse must
be shown separately in the joint return.
14 and 15. Personal exemption and credit for dependents. —
A single person, or a married person not living with husband
or wife, may claim a personal exemption of $1,000. A person
who, during the entire taxable year, was the head of a family
or was married and living with husband or wife, may claim an
exemption of $2,600. If husband and wife file separate re-
turns, the personal exemption may be taken by either or di-
vided between them.
A "head of a family" is an individual who actually supports
and maintains in one household one or more individuals who
are closely connected with him by blood relationship, relation-
ship by marriage, or by adoption, and whose right to exercise
family control and provide for these dependent individuals is-
based'upon some moral or legal obligation.
In addition to the personal exemption, a credit of $400 may
be claimed for each person (other than husband or wife) under
18 years of age, or incapable of self-support because mentally
or phvaically defective, who received his or her chief support
from "the taxpaver. This credit may be allowed only to the
person who furnishes the chief support, and may not be di-
vided between two individuals. Explain such credit in Sched-
ule K. furnishing the name of each deoendent, the relationship
between taxpayer and dependent, and the reason for suppprt
if -the depeiuWt is sot under 18 years of age.
STATISTICS OF INCOME
159
If the status of the taxpayer, insofar as it affects the per-
sonal exemption or credit for dependents, changes during the
taxable year, the personal exemption and credit shall be ap-
'portioned in accordance with the number of months before and
after such change. For the purpose of such apportionment a
fractional part of a month shall be disregarded unless it
amounts to more than half a month, in which case it shall be
considered as a month.
LIABILITY FOR FILING RETURN
16. An income tax return must be filed by every citizen of
the United States whether residing at home or abroad, and
every person residing in the United States, though not a citi-
zen thereof, having a gross income for the calendar year 1936
of $5,000 or over, or a net income for the same period of (a)
$1,000 or over, if single, or if married and not living with hus-
band or wife, or (b) 52,500 or over, if married and living with
husband or wife, or (c) more than the personal exemption if
the status of the taxpayer changes during the taxable year.
If the combined net income of husband and wife, including
that of dependent minor children, if any, is $2,500 or over, or
if their combined gross income is $5,000 or over, either each
must make a return or the income of each must be included in
a single joint return.
In order for a joint return to be filed by a husband and wife,
both spouses must have had some income or deductions in the
year for which the return is filed, and the return must include
the income and deductions of both spouses. A joint return of
husband and wife may be filed only if they were living to-
gether at the close of their taxable year. (See Instruction 13
for information with respect to earned income credit in a joint
return,).
ITEMS EXEMPT FROM TAX
17. The following items are exempt from Federal income
tax, except where otherwise indicated, and should not be in-
cluded in gross income:
(a) Amounts received under a life insurance contract paid
by reason of the death of the insured; whether in a single sum
or in installments (but if such amounts are held by the insurer
under an agreement to pay interest thereon, the interest pay-
ments shall be included in gross income);
(b) Amounts received (other than amounts paid by reason
of the death of the insured and interest payments on such
amounts and other than amounts received as annuities) under
a life insurance or endowment contract, but if such amounts
(when added to amounts received before the taxable year
under such contract) exceed the aggregate premiums or con-
sideration paid (whether or not paid during the taxable year)
then the excess shall be included in gross income. Amounts
received as an annuity under an annuity or endowment con-
tract shall be included in gross income; except that there shall
be excluded from gross income the excess of the amount re-
ceived in the taxable year over an amount equal to 3 percent
of the aggregate premiums or consideration paid for such an-
nuity (whether or not paid during such year), until the aggre-
gate amount excluded from gross income equals the aggregate
premiums or consideration paid for such annuity;
(c) Gifts (not made as a consideration for service rendered)
and money and property acquired by bequest, devise, or in-
heritance (but the income derived from such property is tax-
able and must be reported) ;
(•d) Interest upon (1) the obligations of a State, Territory,
or any political subdivision thereof, or the District of Colum-
bia, or United States possessions; or (2) obligations issued
under the pro\nsions or the Federal Farm Loan Act or under
such act as amended; or (3) the obligations of the United
States; or (4) obligations of instrumentalities of the United
States (other than obligations issued under Federal Farm
Loan Act or under such Act as amended), such as Federal
Farm Mortgage Corporation bonds. Home Owners' Loan Cor-
poration bonds, etc. The interest on United States Savings
Bonds and Treasury Bonds, owned in excess of $5,000, and on
obligations of instrumentalities of the United States (other
than obligations issued under Federal Farm Loan Act or under
such Act as amended) is subject to surtax rf the surtax net
income is over $4,000. Such interest should be reported in
Schedule E;
(e) Amounts received through accident or health insurance
or under workmen's compensation acts, as compensation for
persona! injuries or sickness, plus the amoiuit of any damages
received, whether by suit or agreement, on account of suoh in-
juries or sickness;
(f) The rental value of a dwelling house and appurtenances
thereof furnished to a minister of the gospel as part of his
compensation;
(g) Compensation paid by a State or political subdivision
thereof to its officers or employees for services rendered in
connection with the exercise of an essential governmental
function; and
(h) Amounts received as earned income from sources with-
out the United States (except amounts paid by the United
States or any agency thereof) by an individual citizen
of the United States who is a bona fide nonresident for more
than 6 months during the taxable year. The taxpayer in such
a case may not deduct from his gross income any amount
properly allocable to or chargeable against the amount so
excluded from his gross income.
GENERAL INFORMATION
18. Affidavit. — The oath will be administered without cnarg©
by any collector, deputy collector, or internal revenue agent.
If an internal revenue officer is not available, the return should
be sworn to before a person authorized to administer oaths,
except an attorney or agent employed to represent the tax-
payer before the Department in connection with his 'tax lia-
bility.
The affidavit must be executed by the person whose income
is reported or by his legal representative or agent. The re-
turn may be made by an agent (1) if, by reason of illness,
the person liable for the making of the return is unable to
make it, or (2) if the taxpayer is unable to make the return
by reason of continuous absence from the United States for a
period of at least 60 days prior to the date prescribed by law
for making the return. Whenever a return is made by an
agent it must be accompanied by a power of attorney on Form
935, or, in the case of husband and wife, on Form 936 (copies
of which may be obtained from the collector of internal reve-
nue).
The joint return of husband and wife must be signed by both
spouses and sworn to by the spouse preparing — filling in — the
return. If the return is prepared by both spouses, or is pre-
pared by neither spouse, then both spouses must swear to the
return, except where one spouse acts for the other spouse
under a power of attorney submitted on Form 936,
19. Tax. — The tax may be paid at time of filing the return,
or in four equal installments, payable quarterly, provided each
installment is paid on or before its respective due date. If
any installment is not paid on the date fixed for payment, the
whole amount of tax unpaid shall be paid upen notice and de-
mand by the collector.
20. Penalty for Willful failure to make and file a return on
time. — Not more than $10,000 or imprisonment for not more
than 1 year, or both, together with the costs of prosecution,
and, in addition, 5 to 25 percent of the amount of the tax.
21. Penalty for willfully making a false or fraudulent re-
turn.— Not more than 510,000 or imprisonment for not more
than 5 years, or both, together with the costs of prosecution.
22. FOR FAILURE TO FILE DUPLICATE INCOME TAX
RETURN ON TIME THERE WILL BE ASSESSED $5,
WHICH WILL BE PAYABLE UPON NOTICE BY THE
COLLECTOR,
160
STATISTICS OF INCOME
nrruRN form marked "duplicate" must be filed with this original return
TREABDRV DEPARTMENT
PARTNERSHIP RETURN OF INCOME
<TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC)
For Calendar Year 1936
Or Fiscal Year bejun _ , 1936, and endtd , 1937
Filr This Rctuia Not Later Tlion Uie piheenlh Day of ihc TWd Month Following tlw Qofc ol the Taiablc Year
PRINT Pl^NLY NAME A
«D BU
INESS ADDt
1£SS OF THE ORGANIZATION
(Namu
(Succt DDd Dumber)
Ifcontw
irountyl
.S..1.I
Btuineu «r Pretcuion .
N«turc «l OrBwiixalion .
D»lf a( Orgmaation . . .
Do Not Write In
Tbew Spates
Flit
Code
Serial
Number
Disbict „ ,
(D*t« fUcalmd)
oif&niutloQ Id nspecl o
s aclually prepared by a
GROSS INCOME
1. Gross Receipte from Bufiin
(fc) Merchandise bought for sale
(e) Cost of labor, Eupplies, etc. (From Sctwdule A)
(d) Total ofliDCB (a), (6), and (c) - _
(f) Less inventory at end of ycar_....„ „ ™
S. Gross Profit from Business or Profession at«m i miau Item 2)
4. Income (or Loss) from Other PartnerBhips, Syndicates, Pools, etc (sute separaieiy
6. Interest on Tax-free Covenant Bonds upon -which a Tax was Puid at Sou
8. Royalties. _
9.. Capital Gain (or Loss), (From 6cb«lule B) or capiul Iqps, tbw amount iD*y Dot eici
10. Dividends. (From Schedule I) - -
11. Other Income (stole nature cod source or Iocobk):
J2. Total Income in Iteus 3 to 11
DEDUCTIONS
13. Salaries of Employees. (Pooot laclodt M.rcpfosftHtn for p»miej3oriDetDh»rT ) (Attach i1#IbiIc<1 st«t»meot).,
14. Rent on Bufiiness Property ~ -
15. Repairs. (From Bcbedule C) „ - -
16. lotcrest on Indebtedness. (Ejpi^n In scpiraU schedule)
17. Taxes paid. (Prom Schedole D) ■■ -- - "•
18. Losses bv Fire, Storm, etc. (From Schedule E)
19. Bad debts {from Schedule F); also bonds determined to be ■worthless during taxable year. (E»pUiD 00
eepvaU sboet) - - -
20. Contributions. (Explftin In sepanis sctaedule) — - ■
21. Depreciation (resulting from exhaustion, wear and tear, or obsolescence). (From Bciiedulea) —
22. Other Deductions Authorized by Law (including stock determined to be worthless during taxable
Total Deductions m Items 13 to 22..
Net Income gtem 12 minus Item 23)..
».
PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS
(See Inotncllon IS)
N«. -Wker. rei
(Deslenaleo
r U lUed in another mlteet Ion district, speclly dlslrlrt
n
3.Ea.»„..o.a
"TuivSS'ji' "
?i?I'S
Poastsaiotts
$
Is. „
5
$
ft)
W
-.-
0)
(0)
Totals _ „ —
S-
Is
$
.^^^
s _..
^_.
STATISTICS OF INCOME
161
SCHEDULE A— COST OP LABOR,
SUPPLIES, ETC. (Sec Inslniction I)
■.r.v.
"""'
.„.,
A-o™,
Ubor
s
Si
Total (enter as Item 2 fc>) „
s.
SCHEDULE B— CAPITAL GAINS
AND LOSSES (FROM SALES
OR
EXCHANGES ONLY) (Soe I
struclic
n9)
1, DtKniTTiovof Pxop.
Z Date
.k?3.
(CoNTWCTPaiCE)
THAT Date, (laji-
col. tails)-
e. Cost or Tu-
Mahcu 1, 1S13
7. DEPREriATlON
nlshdotoik)"
6. 0«[N OS Loss
■r°'tH
"t.IS-S'J-^So'Ss^'
a. Gains
b. Lossxs
' (B) 1 yw or lou:
Mo, ftiir V«T
,\f.. Da, y,;
S
J
100
80
CO
40
30
• (b) Owr : r«r buC not
■*^*^o"<L-6^I^^""^*
• (d) Ow C yean but not
ovet 10 yeus:
•WOverlOyeMs:
(0 Total Gaixs an
D Losses
enter net a
mount as Ite
n9;
not in excess
f S2
000, ir net am
sunt is a
rapHal lo<^)
s _
S
( periods, and treatfer gaJiu
e (1) hov Bad Irom wbom prcpfrty vras scqulmJ ..
orporation, class of stock, no in ber of sbsjvs, capital cbances&Sectine b
cacb period to Column 10 abov^
: (2) Pcisoonl or bostoess relatlonshlpb
livldeods, oth«r nontauble di video ds.
SCHEDULE C— COST OF REPAIRS (See Instruction 15)
SCHEDULE D— TAXES .PAID fSee Instrurtic
1. Itehs
n 17)
(Enter as I!«in IT)
,
_...l _._. _
1
.1
SCHEDULE E— EXPLANATION OF DEDUCTION FOR
LOSSES BY FIRE, STORM. ETC. (Sec Instruction
18)
■
1. ExNsor Propsktt 2. DateAcqctkeo 3. Cost
<. 6ini.iQmKT ii£"'S"slmz
6. IVSCBANCE AKO
7. DEBDcmjtF Loas
,
$_. 3 . .._
,
_ 1 1 .
SCHEDULE F— EXPLANATION OF DEDUCTION FOR BAD DEBTS (See Inptruction 19)
V...
Kit Income IcniuGeooMAc^ocVT
B.„DE.„ "
1933
1934
1935
5
s 1 "
P")
(')
(<n -
1036 . J. j.
SCHEDULE G— EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruction 21)
°»si^ciii)"^
ic,?i.'i
DaVe (ladii.'Bte basis)
'c^S?/Si^.fir
8. Depseoatioh
ALIOWED (orAllowabie)
™BH!£~
'lIti^^De-
1 ESTTMATED
fl. DEmiClATIOM
AU.OWABLE TBLS VEAB
.. ___.s _.._ A Is . .._J !s .
. ..._._. 1 ___.Js_. „_J
1
::::":.::.^„.: i::i::
SCHEDULE H— INTEREST ON GOVERNMENT OBLIGATIONS. ETg (See ItLstr.
. Obuoations OR EECumnxs
(o) ObligatioDB of a State, Teiritory, or any political Gubdivieion thereof, or the District of Columbia, or U. £
(t) Obligfltiona isGued under the proviBions of the Federal Farm Ix)an Act, or under euch act as amended..
(0 Obligationa of United States lEsued on or before September 1, 1917
(d) Treasury notes, Treastiry bills, and Treasury certificates of indebtednesa , „.
(«) U. S. Savings Bonds and Treasury Bonds .„ , „.
(/) Obligationa of inatru mentalities of the United States (other than obligations to be reported in (b) above)..
SCHEDULE I— INCOME FROM DIVIDENDS
Itemize all dividends received during the year, stating amounts and i
s and addressee of corporations declaring the dividends:
AFFIDAVIT (See Instruction 30)
rn (including its accompanying schedules and statements, if any) has been examined by me, and, to the best of my knowledge
plete return, made in good faith, for the accoimting period stated, pursuant to the Revenue Act of 1936 and the Regulations
I swear (or affirm) that this retu
and belief, is a true, correct, and com
iB^ucd thereunder.
Subscribed and sworn to before
AFFIDAVIT (See Inatruction 30)
I/we Ewear (or affirm) that I/we prepared this return for the organization named herein and that ths i
■talementfl, if any) is a true, correct, and complete statement of all the information respecting the income tax
been prepared of which 1/we have aoy knowledge.
(Blcnatora ot pereoa praparlag the retonj
(SlcDalare ot ptcsoo pnparlnc tbe ntom)
g- kdlEUUMCTinC 0)
(Name cI Una or emplorv. U anj)
162
STATISTICS OF INCOME
INSTRUCTIONS
The InstrncticDs Nomb«red 1 to 25 Correspond with the Item Nuiubors on the First Page of the Return
I. GROSS RECEIPTS
Describe the businesa or profession in the Fpaec providtrl at tho top of page 1,
and enter as item 1 on page 1 of the return the gross receipts from sales or ser\'-
ices, less any discounts or allowances from the sale price or Gervicc charge.
Farmer's income schedule. — If the organizatioo operates a farm and keeps
no books of accouDt, or keeps books oq a cash basis, obtain from llio collector
Rnd attach to this rctiu-n Form 1040F, Schedule of Farm Income ani Expenses,
and eater tho net farm income as item 3 oq page 1 of thi-j return. If the farm
books of account ara kept on an accrual basi';, the filing of Form 1040F is
optional.
InslaUment sales. — If fho installment meth<xl is used, attach to the return
a schedule showing sepiiratcly for the taxable years 1932, 1933, 1934, and 1035
tho foUowing information; (a) Gross sales; (6) cost of goods sold; (c) gross
profits; (J) percentigo of profits to gross calcs; (c) amount collected; and (/)
gross profit on amount coUecteJ. Sei section 44 of the Revenue Act of 1934.
2. COST OF GOODS SOLD
Enter AB item 2 the information requested in lines (a) to (e), and Uikt in
Schedule A on page 2 of the return th-i principal items of cost included in the
amount entered on Une (c), the minor items to be grouped in one amount.
Inventories. — If the production, purcha=r:, or ealo of merchandise is an
income-producing factor in the trade or busintss, inventories of merchandise on
hand should be taken at the beginning and end of tho taxable year. Enter
"C", or "Cor M", on lines (a) and (c) to indicato whether the inventories are
valued at cost, or coat or market, whichever is lower.
3. CROSS PROriT
Enter as Item 3 the gross profit derived from the business or profession, which
is obtained by deducting item 2, the cof t of goods cold aa extended, from item I,
tho gross receipts.
4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC.
Enter as item 4 the share of the proGtg (whether received or not) (or of the
losses) of another partnership, syndicate, pool, joint venture, etc., except tliat
the share of dividends on stock of domestic corporations shall be included in
Item 10 (a) and/or (h) on page 1 of the return, and interest on obligations of
the United States, etc., shall be reported in Schedule H, page 2 of the return.
If the accounting period on the basis of which this return is filed does not
coincide with tho annual accounting period of another partnership, syndicate,
pool, etc., from which income is received, there should bo included in this return
the distributire share of the net profits (or losses) for the accounting period of
6ucb partnership, syndicate, pool, etc., ending within the accounting period for
which thia return is filed.
B. INTEREST ON BANK DEPOSITS, ETC.
Enter as Item 5 all interest received or credited to the account of the organka-
tion during the taxable year on bank deposits, notoa, mortgages, and corpora-
tion bonds, except inteic^t on bonds upon which a tax was paid at the source.
Interest on bonds is considered income when due and payable.
G. INTEREST ON TAX-FREE COVENANT BONDS
Enter aa Item G interest on bonds upon which a tax was paid at the source
by the debtor corporation, if an ownership certificate on Form 1000 was filed
with the interest coupons. The tax of 2 percent paid at the source on such
interest should be allocated to the partners oi members la column 6 of item 25,
page I of the return.
7. RENTS
Enter as item 7 the gross amount Yeceived for the rent of property. Any
deductions claimed for repairs, interest, taxes, and depreciatioo should be
included in items 15, 16, 17, and 21, respectively.
If property or crops were received in lieu of cash rent, report the income as
though the rent had been received in c:i3h. Crops received as rent on a crop-
share basis should be reported as income for the year in uhich disposed of,
imlesB this return shov/s income accrued.
8. ROYALTIES
Enter as item 8 the gross amount received as royalties. If a deduction la
claimed on account of depiction, it should be included in item 22. See eections
23 (m) and 114 of the Revenue Act of 1934.
9. CAPIT.VL GAINS AND LOSSES
Report sales or exchanges of capital assets in Scbedulo B and enter the net
amount of gain or loss to be taken into account in computing net income as
item 9. (CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENT
OP $2,000 PLUS CAPITAL CAINS.) Describe the property briefly, and
elate the price received or tho fair market value of the property received in
exchange.
If the property sold or exchanged was acquired prior to March I, 1913, the
basis for determining GAIN Is the cost or the fair market value aa of March 1,
1913, adjusted as provided in Bection 1 13 (b) of the Revenue Act of 1934, which-
ever is greater, but in determining LOSS tho basis is cost so adjusted. If the
property was acquired after February 2S, 1913, and the basis is not otherwise
determined under any of the paragraphs (I) to (12), inclusive, of section 113
(a) of the Revenue Act of 1934, then the basis shall be the E:uno as it would
be in the hands of the transferor, increased in the amount of gain or decreased
in the amount of loss recognized to the transferor upon such transfer under
tha law applicable to the year in which the transfer was made. If the property
WQS distributed in kind by a partnership to any partner, the basis of such prop-
erty in tho hands of tho partner shall ba such part of the basis in his hands of
his parlncrEhip interest as is properly allocable to such property. (Sec section
113 of the Revenue Act of 1934.) If the amount shown aa C03l is other than
actual cash cost of the property so'd or exchanged, full details must bo fur-
llisbed regarding the acquisition of the property.
Enter 08 depreciation the amount of exhaustion, wear and tear, obsolescence,
or depletion which has been allowed (but not Insa than the amount allowable)
in respect of such property since date of acquisition, or since March 1, 1913, if
the property w.os acquired before that date. In addition, if the property was
acquired before March 1, 1913, the cost shall be reduced by tho depreciation
actunlly sustained before that date.
Subsequent improvements include expenditures for a'Jdiiions, Improvements^
and repairs made to restore the property or prolong its osefxil hie. Do not
deduct ordinary repairs, interest, or taxes in computing gain or loss.
No loss shall bo recognized in any sale or other disposition of shares of stock
or securities \vhcre the organization has acquired substantially identical stock
or securities within 30 daya before or after tho date of such sale or disposition,
unless the organization ia engaged in the trade or business of buying and sellins
stocks and securities.
No deduction shall be allowed in respect of losses from sales or exchanges of
property, directly or indirectly, (A) between members of a family, or (B) except
in the case of distributions in liquidation, between an individual and a corpora-
tion in which such individual owns, directly or indirectly, more than 50 per-
cent in value of the outstanding stock. For the purpose cf this paragraph—
(C) an individual shall be considered as owning the stock owned, directly or
indirectly, by his family; and (D) tho family of an individual sha'l include only
his brothers and sisters (whether by the whole or half blood), spouse, ancestoia^
and lineal descendants.
The provisions of tl-^ Revenue Act of 1034 relating to capital gains aad
losses are:
of k toxpaVor. nthcr than k nrporatlon, onl? tha Mloirtiis
ipOD lbs iaia OT cicbaoge ot a capital asset shall ba takSQ lota
?U per ceatum it ibe capUol tus«t lus be«D brld [or more than 10 yean.
tb) DffinUion of cap-tot oititt.— For tbe purpose of Ibis titlo. "capital assets" means property bald
by ibo tMpoycr (whether or not connected with his trade or business), but doM not Inelsda stoct la trad*
of the Li^paycr or olhcr pmpiTtp o( a kind which would properly be Included In ilio Invontory of tb*
tiL\p..vrr Uoabaod :it iLaclo^ot tho taxable year, or propsrt 7 held by the tai payer t)rlmanlj (oiaals
(I) iDdoti'rmiaiof! the period (or which tbe taxpayer has held property rMCi^O'l oo an eicbanM tbfm
rb:Jlboinclu'l(?d iho period for which ho held tbe properly eicbanced iiander the provlslonaorBectJaa
Itsibepropcrlyrccolvedbaa, for tbe purpose of determining ea In orlossIruDasalo or eicbAnse, tbe mms
(task Id ivholerrr inpart iDblsbandsas ihepi-opcrl^cicbaiised.
<2) Id dotcmilnlDe the p?ni>d fnr which tbe tiupaycr has held property however acanired ihwe jhaD
■— ' ..... .purposeofdotennlnlDBBO' " ' ■ - -■-
liicd to the distilbatoo under tho proTbJoDS of SAcllon lia '^ of
(.■!>_ Ui_ determining the period (or which ^''•JtaxjTOyer bas held stock or eecurtilai rec
3 tbe aoantsitloD of
tries, then shall to
osses from sales or eTchaci^cs ot apltal assoU shall bo allowed ooiw
from Bucb sfltos or eicbanees. " * •
lS ot property shall ba considered as Ealos 01 losses from ealcs or
irlvil((-a9 or options to boy 01
ropertyshaO
corporation (tncliidlnc Ihose lsBU«d by a aoverrunetjl 01 pollilciil subdivbion tbereoO. with tnteiwt
oDuponi or in registered lorm, shall be considered as omoiuits recelrod la aicbangv iherBlor.
Not islthstan ding the provisions of section 117 (a) above, 100 percent of
the gain resulting to tho distributee from distributions in liquidation of a cor-
poration shall be taken Into account in computing net income. (Sec scetioD
1 1 5 {,:) of the Revenue Act of 1 034 )
SECTION 117 APPLIES ONLY TO GAINS AND LOSSES UPON THE
SALE OR EXCBANGE OF CAPITAL ASSETS AND, THEREFORE, HAS
NO APPUCATION TO LOSS OF USEFUL VALUE UPON THE PERMA-
NENT ABANDONMENT OF THE USE OF PROPERTY OR L099
SUSTAINED AS THE RESULT OF CORPORATE STOCK OH DEBTS
BECOMING WORTHLESS.
10. DIVIDENDS
Describe in detail in Schedule I all dividends received during the taxable year.
Enter as item 10 (a) dividends from a domcstio corporation which is subject
to taxation un'ier Titlo I of the Revenue Act of 1934 (other than a corporation
entitled to the benefits of section 251 of the Revenue Act of 1934 and other than
a corporation organized under the China Trade Act, 1922), including the shara
of such dividends received on stock owned by another partnership, syndicate,
pool, etc. Enter as item 10 (b) dividends from a domestic corporation whioh
is not subject to taxation under Title I of the Revenue A«t of 1934 (such aa
a building and loan association, etc.). Eater as item 10 (c) dividends from a
foreign corporation and dividends from a corporation entitled to the beneSta
of section 251 of the Revenue Act of 1931 and a corporation orgaoised under
the China Trade Act, 1922,
11. OTHER INCOME
Enter as item 11 all other taxable income for which do epaoe Is provided
elsewhere on page 1 of the return.
12. TOTAL INCOME
Enter as item 12 the net amount of items 3 to II, inclusive, after deduction
any losses reported i
a 3, 4, and 9.
13. SALARIES
Enter as item 13 all salaries and wages not included as a deduction in lirv* (e)
of item 2; except compensation for partners or members, which shall not be
claimed &i a deduction ic, this item or elsewhere on the return.
Enter as item 14 rent on business property in which tbe organization has no
equity. Do not include rent for a dwelling occupied by any partner or member
for residential purposes.
15. REPAIRS
Enter as item 15 the cost of ordinary repairs to keep the property in a usable
condition, including labor, supplicj, and other items which do not appreciably
add to the value or Ufe of the property. Do not include e.^pcnditurc3 for tha
cost of rcplaoemeals or permanent improvements to property, nor the coat of
business equipment or furniture. List in Schedule 0 the principal items of cost*
(Tjoupir^S the minor items in one amount.
16. INTEREST
Enter as item IG interest on business indebtedness to others. Do not include
interest on capital invested in or advanced to the business by any partner or
member, u i" interest on indebtedness incurred or continued to purchase or carry
cbUgatione (other than obligations of the United SUtcs issued after Septembw
24, 1917, and originally subscribed for by the taxpayer) the interest upon
n'hich is wholly exempt from taxati;>n.
STATISTICS OF INCOME
163
17. TAXES
Enter as item 17 taxes on business property or for carrying on business.
Do not include taxes assessed against local benefits tending to increase the
value of the property assessed, as for paving, etc. Federal income taxes, nor
estate, inheritance, legacy, succession, and gift taxes, nor taxes entered in
column 6 of item 25, page 1 of the return. List in Schedule D each class of
taxes deducted.
18. LOSSES BY FIRE, STORM, ETC.
Enter as item 18 losses sustained during the year, if incurred En the trade
or business, or of property not connected with the trade or business, if arising
by fire, storm, shipwreck, or other casualty, or from theft, and not compen-
sated for by insurance or otherwise. See section 23 (e) of the Revenue Act
of 1936. Explain such losses in Schedule E.
19. BAD DEBTS
Enter as item 19 debts, or portions thereof, arising from sales or services
that have been reflected in income, which have been definitely ascertained to
be worthless and have been charged off within the year, or such reasonable
amount as has been added to a reserve for bad debts within the year.
If the debts are included in the deduction claimed, state in Schedule F on
line (a) of what the debts consisted, line (6) when they were created and
when they became due, line (c) what efforts were mzde to collect, and line (d)
how they were actually determined to be worthless.
If the amount deducted is an addition to a reserve, enter on the lines pro-
vided in Schedule F the amounts charged on account, and the bad debts
charged off, for each of the past 4 years.
A debt previously charged off as bad, if subsequently collected, must be
returned as income for the year in which collected.
20. CONTRIBUTIONS
Enter as item 20 contributions or gifts made within the taxable year to or
for the use of: (o) The United States, any State, Territory, or any political
subdivision thereof, or the District of Columbia, for exclusively public pur-
poses; (6) any corporation, or trust, or community chest, fund, or foundation,
organized and operated exclusively for r,eligious, charitable, scientific, lit-
erary, or educational purposes, or for the prevention of cruelty to children or
animals, no part of the net earnings of which inures to the benefit of any
private shareholder or individual, and no substantial part of the activities of
■which is carrying on propaganda, or otherwise attempting, to influence legis-
lation; (c) the special fund for vocational rehabilitation authorized by section
12 of the World War Veterans' Act, 1924; (d) posts or organizations of war
veterans, or auxiliary units or societies of any such posts or organizations, if
such posts, organizations, units, or societies are organized in the United
States or any of its possessions, and if no part of their net earnings inures to
the benefit of any private shareholder or individual; or (e) a fraternal society,
order, or association, operating under the lodge system, but only if such con-
tributions or gifts are to be used exclusively for religious, charitable, scien-
tific, literary, or educational purposes, or for the prevention of cruelty to
children or animals. The amount claimed shall pot exceed 15 percent of the
organization's net income computed without the benefit of this deduction.
List organizations and amounts contributed to each in a separate schedule.
21. DEPRECUTION
The amount deductible on account of depreciation in item 21 is an amount
reasonably measuring the portion of the investment in depreciable property
by reason of exhaustion, wear and tear, or obsolescence, which is properly
chargeable against the operations of the year. If the property was acquired
by purchase on or after March 1, 1913, the amount of depreciation should be
determined upon the basis of the original cost (not replacement cost) of the
property, and the probable number of years remaining of its expected useful
life. In case the property was purchased prior to March 1, 1913, the amount
of depreciation will be determined in the same manner, except that it will be
computed on its original cost, less depreciation sustained prirr to March 1,
1913, or its fair market value as of that dat^, whiche\'er is greater. If the
property was acquired in any other manner than by purchase, see section 114
of the Revenue Act of 1936. The capital sum to be recovered should be
charged off ratably ever the useful life of the property. WTiatever plan or
method of apportionment is adopted must be reasonable, must have due
regard to operating conditions during the taxable year and should be
described in the return.
If a deduction is claimed on account of depreciation, fill in Schedule G. In
case obsolescence is included, state separately amount claimed and basis upon
which it is computed. Land values or cost must not be included in the sched-
ule, and where land and buildings were purchased for a lump sum the cost of
the buildings subject to depreciation must be established. The adjusted prop-
erty accounts and the accumulated depreciation shown in the schedule should
be reconciled -with those accounts as feflected on the books of the taxpayer.
(See sections 23 (1) and 114 of the Revenue Act of 1936.)
Do not claim any deduction for depreciation in the value of a building
occupied by any partner or member as a dwelling, or of other property held
for personal use, nor on slocks, bonds, and like securities,
22. OTHER DEDUCTIONS
Enter as item 22 any other authorized deductions for which no space is pro-
vided elsewhere on page 1 of the return. Do not deduct losses incurred in
transactions which were neither connected with the trade or business nor
entered into for profit. No deduction is allowable for the amount of any item
or part thereof allocable to a class of exempt income, other than interest.
Items directly attributable to auch exempt income shall be allocated thereto,
and items directly attributable to any class of taxable income shall be allocated
to such taxable income. An organization receiving any exempt income, other
than interest, or holding any property or engaging in any activity the income
from which is exempt shall submit with its return as a part thereof an item-
ized statement, in detail, showing (1) the amount of each class of exempt
income, and (2) the amount of items allocated to each such class (the ainount
allocated by apportionment being shown separately).
23. TOTAL Dii:DUCTIONS
Enter as item 23 the total of items 13 to 22, inclusive. Do not include
any deduction claimed in Schedule A or B.
24, NET INCOME
Enter as Item ^4 the net income, which is obtained by deducting item 23
from item 12. The net income of the organization shall be computed upon
the basis of its taxable year in accordance with the method employed in
keeping the books, unless such method does not'clcarly reflect the income.
25. PARTNERS' OR MEMBEP.S" SHARES OF INCOME AND CREDITS
Enter the names and addresses of the partners or members on lines (a),
(6), (c), etc., in column 1 of item 25, page 1 of the return, and extend in the
proper columns each partner's or member's shares of the net income whether
distributed or not. Item 25 should also show complete information with
respect to all members of the partnership, syndicate, group, etc., having any
interest during any portion of the taxable year.
Earned income. — Enter in column 3 the proper part of each partner's or
member's distributive share of the organization's net income which consisU
of earned income. Such part cannot exceed a reasonable allowance as com-
pensation for personal services actually rendered by the partner or member
in connection with the organization's business. In the case of an organization
which is engaged in a trade or business in which capital is a material income-
producing factor and in the trade or business of which the partner or member
renders personal services which are material to the earning of the organiza-
tion's income, the earned income of the partner or member from the organ-
ization is a reasonable allowance as compensation for the personal services
actually rendered by him, but not in excess of 20 percent of his share of the
net profits of the organization (computed without deduction for so-called
salaries to partners or members).
Credit for taxes. — If interest was received on tax-free covenant bonds in
coTmection with which an ownership certificate on Form 1000 was filed, the
tax of 2 percent paid at the source on such interest should be allocated to the
partners or members in column 5.
If income tax paid to a foreign country or a possession of the United States
is entered in column 6, submit Form lli6 with tliis return with a receipt for
each such tax payment. In case the amount entered in column 6 includes
foreign taxes accrued but not paid, attach to the form a certified copy of the
return on which the taxes were based. The Commissioner may require the
partners or members to give a bond on Form 1117 for the payment of any
additiorial tax found due if the foreign tax when paid differs from the amount
claimed.
26. INTEREST ON GOVERNMENT OBLIGATIONS. ETC.
Enter on the proper lines in column 2 of Schedule H the amount of obliga-
tions or securities owned at the end of the year, including the share of such
obligations owned in another partnership, syndicate, group, etc., and in col-
umn 3 the interest received or accrued thereon during the year. Each
partner or member should be advised as to the amount of his share of these
obligations and of the interest, in order that he may include this information
in his individual income tax return and determine whether such interest is
subject to tax.
27. RETURNS BY PARTNERSHIPS, ETC.
Every domestic partnership (including syndicates, groups, pools, joint ven-
tures, or other unincorporated organizations, through or by means of which
any business, financial operation, or venture is carried on, and which are not,
within the meaning of the Revenue Act of 1936, trusts, estates, or corpora-
tions) and everj* foreign partnership, sjmdicate, pool, etc., doing business
within the United States or in receipt of income from sources therein regard-
less of the amount, shall make a return of income on Form 10G5 for the calen-
dar year 1936 or for a fiscal year begun in 1936 and ended in 1937. (See sec-
tion 1001 (a) (3) and Supplement F of the Revenue Act of 1936.) If this
return is filed on behalf of a syndicate, pool, joint venture, or similar group,
a copy of the operating agreement should be attached to this return.
28. PERIOD TO BE COVERED BY RETURN
Except in the case of the first return the organization shall make its return
on the basis upon which the return was made for the accounting period imme-
diately preceding unless, with the approval of the Commissioner, a change is
made in the accounting period.
If the organization desires to change its accounting period from fiscal year
to calendar year, from calendar year to fiscal year, or from one fiscal year to
another fiscal year, an application for such change shall be made on Form
1128 and forwarded to the collector prior to the expiration of 30 days from the
close of the proposed accounting period.
29. ACCRUED OR RECEIVED INCOME
If the books of account are kept on an accrual basis, report all income ac-
crued, even though it has not been actually received or entered on the books,
and expenses incurred instead of expenses paid.
If the books are not kept on the accrual basis, report all income received or
constructively received, such as bank interest credited to the account of the
organization, and expenses paid.
30. AFFIDAVITS
Partner or member.— The return shall be sworn to by any one of the part-
ners or members. If receivers, trustees in bankruptcy, or assignees are in
control of the property or business of the organization, such receivers, trus-
tees, or assignees shall execute the return under oath.
Where return is prepared by someone other than the organization. — Ques-
tion 1 on page 1 of the return should be answered fully, and where the return
is actually prepared by some person or persons other than the organization,
such person or persons must execute the affidavit at the foot of page 2 of the
An attorney or agent employed to represent the organization before the
Department in connection with tax matters is not permitted to ac'minister the
oath.
31. WHEN AND WHERE THE RETURN MUST BE FILED
The return must be filed on cr before the fifteenth day of the third month
following the close of the taxable year with the collector of internal revenue
for the district in wliich the organization has its principal office or place of
business. The return for a foreign partnarship, sj-ndicate, pool, etc., shall be
filed on or before the fJ'teenth day of the sixth month following the close of
the taxable year, and if such foreign organization does not have any principal
place of business or principal ofSco or agency in the United States, the return
shall be filed with the Collector of Internal Revenue, Baltimore, Mar>land.
The collector may grant a reasonable extension of time for filing a return,
not to exceed 6 months, if application therefor is made before the date pre-
scribed by law for filing such return, whenever in his judgment good caus«
32. PENALTIES
For willful failure to make a return on time.— Not more than $10,000 or
imprisonment for not more than 1 year, or both, together with the costs of
prosecution.
For willfully attempting to evade or defeat payment of the tax. — Not more
than $10,000, or imprisonment for not more than 5 years, or both, together
\vi*h the costs of prosecution.
33. INFORMATION AT SOURCE
Every partnership, syndicate, pool, etc., is required to make a return on
Forms 1096 and 1099 with respect to amotmts paid, credited, or distributed
during the calendar year (a) as salaries or other compensation for personal
services (except salaries paid to the partners or members), totaling $1,000 or
more in the case of a citizen or resident who is not married or whose marital
status is unknown, or $2,500 or more in the case of a married citizen or resi-
dent, or (fc) as interest, rent, or other fixed or determinable income totaling
$1,000 or more, to a fiduciary, a domestic or resident partnership, syndicate,
pool, etc., or a citizen or resident. The forms will be furnished by any col-
lector of internal revenue upon request. Such returns covering the calen-
dar year 1936 must be fonvarded to the Commissioner of Internal Revenue,
Sorting Section, Washington, D. C, i ' * ' '""" " ' ' "'^""
February 15, 1937.
: to be received not later than
INDEX
A Page
Additional tax, estate tax returns 46, 62-71
Agriculture and related industries, individual income tax returns, net in-
come of $5,000 and over:
Profit and loss from business 26-27
By size of profit and loss 102
Aliens, individual income tax returns of:
Compensation, resident (note 2) 140
Credit for dependents (notes 12 and 16) 139, 141
Filing returns (note 1) 140
Personal exemption (notes 9, 12, and 16) 139, 141
Tax rates (notes 13 and 16) 139, 141
Amended returns tabulated, individual income tax returns 2
Amusements, individual income tax returns, net income of $5,000 and over:
Profit and loss from business 26-27
By size of profit and loss 105
Average net income, individual income tax returns, by States 83
Average tax, individual income tax returns:
Net income classes 84
States 83
B
Back taxes, defined (item 6) 4
Bonds. {See Stocks and bonds. Estate tax returns; Gift tax returns.)
Business profit and loss, individual income tax returns:
All returns:
Amount and percent 10
Net income classes 11-12
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13-14
States 95-96
Years, 1916 through 1936 39-41
Returns with net income of $5,000 and over:
Explanatory text 25
Frequency distribution:
By size of business profit classes 16-17, 102
By size of business loss classes 18-19, 102
Industrial groups and subgroups:
Returns with schedule A 26-27
Returns without schedule A 27
Salaries and wages paid 27
Total receipts 26-27
Net income classes 11-12, 98, 100
By size of selected sources of income and loss 16-19
Years, 1916 through 1936 41-44
165
166 INDEX
c
Capital gains and losses, individual income tax returns: Page
Explanatory text 8
Income and loss from:
Amount and percent 10
Frequency distribution, net income of $5,000 and over by net in- '
come classes:
By size of capital gain classes 19-20
By size of capital loss classes 21
Net income classes 11-12, 98, 100
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13-14
States-- 95-96
Years, 1922 through 1933, capital net gain 40-44
Years, 1924 through 1933, capital net loss 41-44
Capital stock in estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue Acts. 48-50
Changes in tax laws affecting comparability of statistical data:
Estate tax returns 146-147
Gift tax returns 148
Individual income tax returns 138-145
Charitable bequests:
Estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue
Acts 48-50
Gift tax returns:
By net gift classes 77
By total gift classes 78-79
Chemicals and aUied products, individual income tax returns, net income
of $5,000 and over:
Profit and loss from business 26-27
Cities and counties, number of individual income tax returns by 32
Citizen and resident decedents, estate tax returns 45, 48-49
Collections or taxes paid not comparable with tax liability 3-4
Community property income, individual income tax returns:
Number and net income 6-7
Net income classes 94
States 91
Comparability with previous years 4
Construction, individual income tax returns, net income of $5,000 and over:
Profit and loss from business 26-27
By size of profit loss 104
Contributions, individual income tax returns:
Amount and percent 10
Net income classes 12, 101
No net incoine:
Amount of deduction for 31
By deficit classes 134
Percentage distribution b v net income classes 14
States 1 97
Years, 1917, 1920, 1922 through 1936 39-44
Counties and cities, number of individual income tax returns by 32
Credits:
Estate tax returns 46, 61-71
Individual income tax returns:
Allowed 3
Dependents 7, 85
Earned income 7, 85
Personal exemption 7, 85
Personal exemption and credit for dependents, bv States 83
Tax credits, years, 1923 through 1933 34
INDEX 167
Cumulative distribution, individual income tax returns: Page
Number, net income, and tax 5-6, 86-88
Curative service, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27
By size of profit and loss 105
D
Debts, unpaid mortgages, etc., estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue Acts. 48-50
Deductions:
Estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue
Acts 48-50
Gift tax returns:
By net gift classes 77
By total gift classes 78-79
Individual income tax returns:
Amount and percent 10
Business loss 10, 12, 13, 18-19, 96, 100
Contributions 10, 12, 14, 97, 101
Interest paid 10, 12, 14, 97, 101
Net capital loss 10, 12, 13, 21, 96, 100
Net income classes 12-14, 96-97, 100-101
No net income:
Amount 31
Deficit classes 134
Partnership loss 12, 13, 96, 100
Percentage distribution by net income classes 13-14
States 96-97
Taxes paid 10, 12, 14, 97, 101
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income $5,000 and over 42-44
Deficit, individual income tax returns:
Amount 31
Deficit classes 31, 134
Defined 3
States 133
Dependents, credit for, individual income tax returns:
Amount and percent 7
Net income classes and under $5,000 by taxable and nontaxable
returns 85
Dividends on stock of domestic corporations, individual income tax returns:
Amount and percent 10
Frequency distribution; net income $5,000 and over, by net income
classes and by size of dividend classes 23-24
Net income classes 11, 99
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States 95
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income of $5,000 and over 41-44
Domestic service, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27
By size of profit and loss 105
Earned income credit, individual income tax returns:
Amount 7
Net income classes 85
Tax credit by years 34
168 INDEX
Educational service, individual income tax returns, net income of $5,000
and over: Pa=9
Profit and loss from business 26-27
By size of profit and loss 106
Effective tax rate (percent), individual income tax returns:
Amount, 1935 and 1936 4
Net income classes 85
Years, 1916 through 1936 38-39
Engineering service, individual income tax returns, net income of $5,000
and over:
Profit and loss from business 26-27
By size of profit and loss 106
Estates and trusts, individual income tax returns:
Number and net income 7
Net income classes 94
States 91
Estate tax returns:
Explanatory text 45-47
Resident decedents:
Nontaxable :
Deductions 48-50
Form of property 48-50
Gross estate 48-50
Number of returns:
By Revenue Acts under which filed 49
By States 69-71
Revenue Acts under which filed 49
States 69-71
Taxable :
Additional tax:
By Revenue Acts under which filed 62-68
By States 69-71
Deductions 5 1-59
Form of propertv 51-59
Gross estate... 1 51-59,69-71,72
Net estate 61-68,69-71, 72
Number of returns:
By Revenue Acts under which filed 49
By States 69-71
Revenue Acts under which filed 49
States 69-71
Tax credits:
By net estate classes 6 1-68
By States 69-71
Tax liability:
By net estate classes 61-68
By Revenue Acts under which filed 61-68
By States 69-71
Resident and nonresident decedents, taxable and nontaxable:
Rates, specific exemption and credits against tax. Revenue
Acts 1916 through 1936 146-147
Years, 1916 through 1937, historical summary 72-73
Estimated returns, individual income tax returns 2
Excess-profits tax:
Individual income tax returns (footnote 4) 34
Partnership returns (footnote 4) 34
Exemptions :
Estate tax returns 48-60, 69-71
Gift tax returns 77-79
Individual income tax returns:
Amount 7
Net income classes 85
States ^ 83
Exclusions, gift tax returns 11-19
INDEX 169
F
Page
Family relationship, individual income tax returns 6-7
fiduciary income, individual income tax returns:
Amount and percent 10
Defined 8-9
Net income classes 11, 99
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13
States _ 95
Years, 1916, 1922 through 1936 39-41
Years, 1916, 1922 through 1936, net income of $5,000 and over 41-44
Tinance, individual income tax returns, net income of $5,000 and over:
Profit and loss from business by subgroups 26-27
By size of profit and loss 107
Fiscal year returns, individual income tax returns 1-2
Food and kindred products, individual income tax returns, net income of
$5,000 and over:
Profit and loss from business 26-27
Forest products, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27
Forms for 1936:
Individual income tax returns, 1040, 1040A 152-159
Partnership return, 1065 160-163
Frequency distribution of selected sources of income and loss, individual
income tax returns, net income of $5,000 and over, by net income
classes and by size of each source of income and loss:
Business profit 16-17
Business loss 18-19
Explanatory text 14
Dividends 23-24
Net capital gain 19-20
Net capital loss 21
Rents and royalties 22-23
Salaries and wages 15-16
Funeral and administrative expenses, estate tax returns:
By net estate classes 5 1-60
By taxable and nontaxable returns filed under various Revenue Acts. 48-50
G
Gains and losses (capital), individual income tax returns 8-9
Geographic distribution, individual income tax returns 4
Gift tax returns:
Deductions 77-79
Exclusions and exemptions 77-79
Explanatory text 74-75
Forms of property 76-77
Identical donors 76
Net gift classes 76-77
Number of returns, taxable and nontaxable 75
Rates, Revenue Acts 1924, 1932, amended by 1934, and by 1935 148
Tax 75-77,79
Total gift classes 78-79
Trust, amount bv 75
Years, 1 932-1 936 75
Government securities, wholly and partially tax-exempt, individual in-
come tax returns 29-30
Oross estate, estate tax returns:
Net estate classes 51-60
States, citizen or resident decedents 69-71
Taxable and nontaxable returns, filed under various Revenue Acts 48-50
Years, 1916 through 1937, resident and nonresident decedents 72
170 INDEX
H
Heads of families, classified, individual income tax returns: Page
Number and net income 7
Net income classes 92-93
States 89-90
Historical summaries:
Estate tax returns:
Resident and nonresident, 1916 through 1937 72-73
Gift tax returns:
Years, 1932 through 1936 75
Individual income tax returns:
Effective tax rate (percent), 1916 through 1936 38-39
Net income by net income classes, 1916 through 1936 36-37
Number by net income classes, 1914 through 1936 34-35
Sources of income, 1916 through 1936 39-44
States, 1926 through 1936 108-132
Tax by net income classes, 1916 through 1936 37-38
Years, 1913 through 1936 • 33-34
Husbands and wives, joint returns of, individual income tax returns:
Number and net income 7
Net income classes 92
States 89
Husbands filing separate returns 89, 92
I
Income. (See Individual income.)
Income tax. {See Individual income tax.)
Income tax rates. (.See Synopsis of income and profits tax rates.)
Income tax returns. (See Individual income tax returns.)
Income and profits taxes paid foreign countries 3
Individual income:
Net:
Amount and percent 4
Average 4, 83
Cumulative distribution by net income classes 5-6, 87
Defined 3
Exempt from normal tax 7
Net income classes 5, 84
Net income classes and by sex and family relationship 92-94
Net income classes and by States 108-132
Percentage distribution by net income classes 14
Sex and family relationship 7
Simple and cumulative distribution by net income classes 5-6, 87
Sources of income 10, 12, 97, 101
States 83, 108-132
States, and by sex and family relationship 89-91
Subject to normal tax 7
Years, 1913 through 1936, amount 33
Years, 1916 through 1936, by net income classes 36-37
Years, 1926 through 1936, States 108-132
Nontaxable, under $6,000:
Net income cla.sses 84
Net income classes and by States 108-132
Sources of:
Amount and percent 10
Frequency distribution by net income classes and by size of
each source of income and loss 1 5-24
Net income classes 11-12, 98-101
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13-14
Profit and loss from business, bv industrial groups 25-27
Revised figures (footnotes 4, 18^ 19, and 20) 44
States 95-96
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income of $5,000 and over 41-44
INDEX 171
Individual income — Continued.
Total : Page
Amount and percent 10
Net income classes 11, lOO
No net income:
Amount 31
Deficit classes 134
Percentage distribution , by net income classes 13
States 9S
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income of $5,000 and over 41-44
Individual income tax (see also Excess-profits tax) :
Amount, average, and rate on net income 4
Average:
For 1936 and 1935 4
Net income classes 84
States 83
Average rate of tax on net income (effective tax rate) :
Net income classes 85
Years, 1916 through 1936, by net income classes 38-39
Comparison 1936 with 1935 4
Credits (see also Credits) 34
Cumulative distribution by net income classes 6, 88
Net income classes 84
Net income classes and, by States 108-132
Normal tax:
Net income classes 84
Rates, Revenue Acts 1913 through 1936 139
Years, 1913 through 1936 34
Simple and cumulative distribution by net income classes 6, 88
States 83, 108-132
Surtax:
Net income classes 84
Rates, Revenue Acts 1913 through 1936 _ 142-143
Years, 1913 through 1936 34
Total:
Net income classes 6. 84
States 83
Years, 1913 through 1936 34
Years, 1916 through 1936, and by net income classes 37-38
Years, 1926 through 1936, States 108-132
Individual income tax returns:
Changes in tax laws affecting comparabilitv of statistical data:
Credits 1 139, 144-145
Personal exemption 139
Rates, Revenue Acts 1913 through 1936 138-139
Requirements for filing returns 138
Supplemental rates and tax credits. Revenue Acts 1917 through
1936 144-145
Comparison 1936 with 1935 4
Credit for dependents by net income classes 85
Deductions in. {See Deductions.)
Earned income credit 7, 85
Fiscal year returns tabulated 1-2
Geographic distribution 4
Method of compiling data; net income under $5,000 2
Net income classes and under $6,000 by taxable and nontaxable re-
turns 84-85
Net income classes, by States, and under $6,000, by taxable and
nontaxable returns 108-132
No net income:
Deficit classes 31
Sources of income and deduction 31, 133-134
States, number of returns and amount of deficit 133
S3167-
172 INDEX
Individual income tax returns — Continued.
Number of: Page
Counties, cities, and towns 32
Cumulative distribution 5, 86
Frequency distribution by net income classes and by size of each
source of income and loss 15-24
Net income classes 5, 11, 84
Net income classes by States 108-132
Net income classes by years, 1914 through 1936 34-35
No net income 31, 133
Sex and family relationship 7, 89-91, 92-94
Simple and cumulative distribution 5-6, 86-88
Sources of income and deductions 10, 11, 95-101
States 83, 108-132
Stptes by net income classes 108-132
Taxable and nontaxable returns, by years, 1916 through 1936.. 33
Years, 1913 through 1936 33-34
Years, 1936 and 1935 compared ■ 4
Years, 1926 through 1936, by States 108-132
Percentage of population filing returns by States 83
Personal exemption and credit for dependents by States 83
Personal exemption by net income classes 85
Population by States 83
Procedure in tabulation 1-2
Profit and loss from business by industrial groups 26-27, 102-107
Sex and family relationship:
Amount and percent 7
Net income classes, and under $6,000, by taxable and nontaxable. 92-94
States • 89-91
Simple and cumulative distribution by net income classes 5-6, 86-88
Sources of income and deductions:
Amount and percent 10
Explanatory text 8-10
Frequency distribution by net income classes and by size of each
source of income and loss 1 5-24
Net income classes . 1 1-12, 98-101
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13-14
States 95-97
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income of $5,000 and over 41-44
States --. 83, 108-132
Tax-exempt obligations 29-30
Unaudited returns tabulated 2
Years, bv net income classes 34-35
Years, 1913 through 1936 33-34
Individuals required to file returns, 1913 through 1936 138
Insurance:
Estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue
'Acts 48-50
Gift tax returns by net gift classes 76-77
Interest, taxable, on partially tax-exempt Government obligations, indi-
vidual income tax returns:
Amount and percent 10
Net income classes 11, 30, 99
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States 96
Years, 1919 through 1936 39-41
Years, 1919 through 1936, net income of $5,000 and over 41-44
INDEX 173
Interest, other taxable, individual income tax returns: Page
Amount and percent 10
Net income classes 11, 100
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States 96
Years, 1927 through 1936 40-41
Years, 1927 through 1936, net income of $5,000 and over 42-44
Interest paid, individual income tax returns:
Amount and percent 10
Defined 9
Net income classes 12, 101
No net income:
Amount 31
Deficit classes 134
Percentage distribution by net income classes 14
States 97
Years, 1933 through 1936 41
Years, 1928 through 1936, net income of $5,000 and over 43-44
Investment brokers; real estate, etc., individual income tax returns, net
income of $5,000 and over:
Profit and loss from business 26-27
By size of profit and loss 107
Investment in bonds, stocks, etc.:
Estate tax returns:
By net estate classes 51-60
Bv taxable and nontaxable returns filed under various Revenue
'Acts 48-50
Gift tax returns 76-77
Joint returns of husbands and wives, individual income tax returns:
Number of returns and amount of net income 7
Net income classes 92
States 89
Jointly owned propertv, estate tax returns (footnotes — 9, p. 50; 6, p. 53;
5, p. 55; 5, p. 57; 5, p. 60) 50,53,55,57,60
L
Labor, individual income tax returns, net income of $5,000 and over:
Profit and loss from business by industrial groups.- 26-27
Leather and its manufactures, individual income tax returns, net income
of $5,000 and over:
Profit and loss from business 26-27
Legal service, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27
By size of profit and loss 106
Liberty bonds, Treasury certificates, etc., individual income tax returns:
Amount owned and interest received by net income classes 29-30
Liquors and beverages, individual income tax returns, net income of $5,000
and over:
Profit and loss from business 26-27
Loss from business, individual income tax returns. (See Profit and loss
from business.)
Loss, capital net. (See Capital gains and losses.)
Loss from sale of real estate, stock, bonds, etc., individual income tax
returns :
Years, 1926 through 1933 40-41
Years, 1926 through 1933, net income of $5,000 and over 42-44
174 INDEX
M
Manufacturing, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business by subgroups 26-27
By size of profit and loss 103
Manufacturing not elsewhere classified, individual income tax returns, net
income of $5,000 and over:
Profit and loss from business by subgroups 26-27
Men, individual income tax returns:
Number and amount of net income 7
Net income classes 92-93
States 89-90
Metal and its products, individual income tax returns, net income of $5,000
and over:
Profit and loss from business 26-27
Mining and quarrying, individual income tax returns, net income of $5,000
and over:
Profit and loss from business 26-27
By size of profit and loss 103
Mortgages, notes, cash, etc., estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue Acts. 48-50
N
National Industrial Recovery Act 138, 140
Nature of business not given, individual income tax returns, net income of
$5,000 and over:
Profit and loss from business 26-27
By size of profit and loss 107
Net capital gain, individual income tax returns. 8, 10, 11, 13, 19-20, 39-44, 95, 98
Net capital loss, individual income tax returns 8, 10, 12, 14, 21, 39-44, 96, 100
Net estate, estate tax returns (see also Estate tax returns) :
Defined 45
Net estate classes 61-68
Revenue Acts 48-50
States 69-71
Years, 1916 through 1937 72
Net income defined 3
Net income exempt from normal tax, individual income tax returns:
Amount and percent 7
No net income. Form 1040 31
Normal income tax, individual income tax returns 34, 84
O
Obligations of States and Territories, etc., individual income tax returns,
net income of $5,000 and over:
Amount owned and interest received by net income classes 29-30
Obligations issued under Federal Farm Loan Act, individual income tax
returns, net income of $5,000 and over:
Amount owned and interest received by net income classes 29-30
Other income, individual income tax returns:
Amount and percent 10
Net income classes Hi 100
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States _ - 9^
Years,' i927"throug"h "1936"/. II ^ 40-41
Years, 1927 through 1936, net income of $5,000 and over 42-44
INDEX 175
Other taxable mcereot, individual income tax returns: Page
Amount and percent 10
Net income classes 11, lOO
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States 96
Years, 1927 through 1936 40-41
Years, 1927 through 1936, net income of $5,000 and over 42-44
Paper, pulp, and products, individual income tax returns, net income of
$5,000 and over:
Profit and loss from business 26-27
Partially tax-exempt obligations, individual income tax returns (see also
Wholly and partially tax-exempt obligations) 28-31
Partnership profit and loss, individual income tax returns:
Amount of profit and loss, and percentages 10
Defined 8-9
Loss, by net income classes 12, 100
Net income classes 11-12, 98-100
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13
Profit, by net income classes 11, 98
States 95-96
War and excess-profits tax (footnote 4) 34
Years. 1917 through 1936 39-41
Years, 1917 through 1936, net income of $5,000 and over 42-44
Partnership loss. (See Partnership profit and loss.)
Personal exemption, individual income tax returns:
Amount and percent 7
Net income classes, and under $6,000, by taxable and nontaxable
returns 85
Personal exemption and credit for dependents, individual income tax re-
turns by States 83
Population of the United States, estimated as of July 1, 1936, by States.- 83
Power of appointment, estate tax returns. (See Jointly owned propertj'.)
Printing, publishing, and allied industries, individual income tax returns,
net income of $5,000 and over:
Profit and loss from business 26-27
Profit and loss from business, individual income tax returns, net income of
$5,000 and over:
By industrial groups 26-27
Profit from sale of real estate, stocks, bonds, etc., individual income tax
returns :
Years, 1917 through 1933 40-41
Years, 1917 through 1933, net income of $5,000 and over 42-44
Property in estate tax returns by net estate classes, classified 51-59
Property previously taxed, estate tax returns. (*See Jointly owned prop-
erty.)
Q
I Quarrying, individual income tax returns. (See Mining and quarrying.)
R
I Real estate:
Estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns filed under various Revenue
Acts 48-50
Gift tax returns by total gift and net gift classes 76-79
176 INDEX
Real estate — Continued.
Individual income tax returns, net income of $5,000 and over: Page
Profit and loss from business 26-27
By size of profit and loss 107
Rents and royalties, individual income tax returns:
Amount and percent 10
Frequency distribution, net income of $5,000 and over, b}' net income
classes and bj^ size of income and loss 22-23
Net income classes 11, 99
No net income:
Amount 31
Deficit classes 133
Percentage distribution by net income classes 13
States 95
Years, 1916 through 1936 39-41
Years, 1916 through 1936, net income of $5,000 and over 42-44
Requirements for filing individual income tax returns 138
Retail trade, individual income tax returns, net income $5,000 and over:
Profit and loss from business 26-27
Returns tabulated, individual income tax returns 2
Returns on Form 1040; no net income, individual income tax returns:
Deficit classes 31, 133-134
Sources of income and deductions 31, 133-134
States 133
Revenue Acts. 1913 through 1936:
Estate tax returns; tax rates, specific exemption, and credits against
estate tax 146-147
Excess-profits tax rates ; war and 144
Gift tax returns; tax rates, specific exemption, exclusions 148
Individual income tax returns:
Required to file returns; personal exemption; credit for dependents
and normal tax rates 138-141
Supplemental income and profits tax rates and tax credits 144-145
Surtax rates 142-143
Revised figures — Sources of income and deductions (footnotes 4, 18, 19,
and 20) 44
Royalties. (See Rents and royalties.)
Rubber products, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27
S
Salaries, wages, commissions, fees, etc., individual income tax returns:
Amount and percent 10
Frequency distribution b}' net income classes; net income of $5,000
and over, by size of salary and wage classes 15-16
Net income classes 11, 98
No net income:
Amount 31
Deficit classes 133
Percentage distribution bj^ net income classes 13
States 95
Years, 1916 through 1936 39-41
Years, 1916 through 1936; net income of $5,000 and over 41-44
Salaries and wages paid; business profit and loss by industrial groups and
subgroups 26-27
Sampled returns; individual income tax returns 2
Securities, wholly and partially tax-exempt, individual income tax returns. _ 29-30
Service, individual income tax returns, net income of $5,000 and over:
Profit and loss from business by subgroups 26-27
By size of profit and loss 105-106
Sex and family relationship, individual income tax returns:
Number of returns and amount of net income 7
Net income classes 92-94
States 89-91
Simple and cumulative distribution of individual income tax returns 5-6, 86-88
INDEX 177
Sources of income and deductions, individual income tax returns : Page
Amount and percent 10
Explanatory text 8-10
Frequency distribution; net income of $5,000 and over, by net income
classes and by size of each source of income and loss 1 5-24
Net income classes 11-12, 98-101
No net income:
Amount 31
Deficit classes 133-134
Percentage distribution by net income classes 13-14
Revised figures (footnotes 4, 18, 19, and 20) 44
States 95-97
Years, 1916 through 1936 39-41
Years, 1916 through 1936; net income of $5,000 and over 42-44
State and municipal bonds, estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns, filed under various Revenue Acts_ _ 48-50
Stocks and bonds:
Estate tax returns:
By net estate classes 51-60
By taxable and nontaxable returns, filed under various Revenue
Acts 48-50
Gift tax returns, by total gift and net gift classes 76-79
Stone, clay, and glass products, individual income tax returns, net income
of $5,000 and over:
Profit and loss from business 26-27
Surtax. {See Individual income tax.)
Surtax net income, individual income tax returns 3
Synopsis of individual income tax rates; Estate tax rates and Gift Tax
rates :
Credits and exemptions, affecting comparability of data in Statistics of
Income 138-148
T
Tax collections compared with tax liability -_ 3-4
Tax credits:
Earned income, years 1924 through 1931 34
Capital net loss, years 1924 through 1933 34
Taxes. (See Estate tax; Gift tax; Individual income tax.)
Tax liability 4
Taxes paid, individual income tax returns:
• Amount and percent - 10
Defined 9
Net income classes 12, 101
No net income:
Amount 31
Deficit classes 134
Percentage distribution by net income classes, net income of $5,000
and over 14
States 97
Years, 1933 through 1936 41
Years, 1928 through 1936, net income of $5,000 and over 43-44
Taxes paid at source 3
Tax-exempt income. {See Wholly and partially tax-exempt obligations.)
Tax-exempt investments:
Estate tax returns 48-60
Individual income tax returns by net income classes 29-30
Tax forms for 1936—1040; 1040A; 1065 152-163
Tentative tax, estate tax returns 62-68
Textiles and their products, individual income tax returns, net income of
$5,000 and over:
Profit and loss from business 26-27
Tobacco products, individual income tax returns, net income of $5,000
and over:
Profit and loss from business 26-27
178 INDEX
Trade, wholesale; retail; wholesale and retail, individual income tax
returns, net income of $5,000 and over: Page-
Profit and loss from business ^^ 26-27
By size of profit and loss 104-105
Transfers made in contemplation of death, estate tax returns. {See
Jointly owned property.)
Transportation and other public utilities, individual income tax returns,
net income of $5,000 and over:
Profit and loss from business 26-27
By size of profit and loss 104
Treasury notes; Treasury bills and certificates of indebtedness, etc.,
individual income tax returns, net income of $5,000 and over:
Amount owned and interest received by net income classes 29-30
Trusts; gift tax returns, by form of property 75
U
United States Government bonds, wholly and partially tax-exempt,
individual income tax returns, net income of $5,000 and over 29-30 '
W
Wages, salaries, commissions, etc., individual income tax returns. {See
Salaries, wages, etc.)
War-profits and excess-profits tax (footnote 4) 34
Wholesale trade, individual income tax returns, net income of $5,000 and
over:
Profit and loss from business 26-27-
Wholly and partially tax-exempt obligations, individual income tax returns,
net income of $5,000 and over:
Amount owned by net income classes 29 •
Explanatory text 28
Interest received by net income classes 30^
Wives and husbands, joint returns of, individual income tax returns 7
Wives filing separate returns from husbands, individual income tax returns:
Number of returns and amount of net income 7
Net income classes 92
States 89'
Women, single, individual income tax returns:
Heads of families and not heads of families 7
Number of returns and amount of net income 7
Net income classes 92-93
States - 89-901
O
STATISTICS OF INCOME
FOR 1936
PART 2
COMPILED FROM CORPORATION INCOME AND
EXCESS-PROFITS TAX RETURNS AND PERSONAL
HOLDING COMPANY RETURNS
UNITED STATES TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE - WASHINGTON. D. C.
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1936
PART 2
COMPILED FROM CORPORATION INCOME AND
EXCESS-PROFITS TAX RETURNS AND
PERSONAL HOLDING COMPANY
RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION. INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1939
For tale by the Superintendent of DocumenU. Washington. D.C. Price 30 cenU
"•S'SUPfmNTrNOWTOFDOCUMEN-re-
JWI- 21 J939
CONTENTS
Page
Official transmittal 1-57
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
Returns tabulated 1
Revenue Acts under which returns were filed 2-3
Definitions of gross income, deductions, net income and tax 3-4
Tax liability and collections 4-5
Industrial classification 5
Geographic distribution 6
Comparability with previous reports 6
Number of returns, net income or deficit, and tax 6-7
By major industrial groups 7-10
By net income and deficit classes 10-12
Surtax on undistributed profits 12-18
Dividends received, interest received on Government obligations and
dividends paid , bv net income and deficit classes 1 8-20
Dividends paid, 1922-36 21-22
Compiled receipts and compiled deductions 22-24
Corporations submitting and not submitting balance sheets 24
Assets and liabilities 25
Corporations submitting balance sheets, returns with net income and
with no net income 25-26
Number of corporation returns filed and number of balance sheets, by
net income and deficit classes 26
Gross capital assets, reserves for depreciation and depletion (except on
land), and net capital assets, by major industrial groups 28-29
Assets and liabilities, compiled receipts and compiled deductions, by total
assets classes 30
Returns with net income and with no net income 31
Consolidated returns of railroads 32-34
Compiled receipts, compiled deductions, net income or deficit, normal
tax, surtax on undistributed profits, excess-profits tax, total tax
and dividends paid 33
Assets and liabilities 34
Fiscal year returns 34^37
By month in which fiscal year ended 35
Returns in the aggregate, returns with fiscal year ended in periods
July through November 1936, and January through June 1937,
by net income and deficit classes 36-37
Part year returns 37-38
Frequency distribution of corporation returns by certain basic classifica-
tions 38-45
HISTORICAL SUMMARIES, CORPORATION INCOME AND EXCESS-
PROFITS TAX RETURNS
Total number, number with net income and with no net income, gross
income, net income, deficit, net income less deficit, and total tax, 1909-36- . 46-47
Number of returns, and net income or deficit, by net income and deficit
' classes, 1933-36 - 48
Number of returns, compiled receipts and compiled deductions, 1926-36-. 49-50
Corporations submitting balance sheets: number of balance sheets, assets
and liabilities 1926-36, and compiled receipts and compiled deductions
1931-36 51-53
IV CONTENTS
PERSONAL HOLDING COMPANY RETURNS
Page
General explanations 54-55, 57
Number of returns, deductions, adjusted net income, credits, and surtax,
by types of returns. 56
Number of returns by ad j usted net income classes 57
BASIC TABLES— CORPORATION INCOME AND EXCESS-PROFITS TAX
RETURNS
United States in aggregate (1-7, 9-12):
1. By States and Territories 60-61
2. By major industrial groups and subgroups 62-69
3. Compiled receipts and compiled deductions, by major industrial
groups:
All returns 70-73
Returns with net income 74-77
Returns with no net income 78-81
4. Corporations submitting balance sheets, by major industrial groups,
for returns with net income and with no net income: assets and
liabilities and compiled receipts and compiled deductions 82-91
6. Corporations submitting balance sheets, by total assets classes:
assets and liabilities and compiled receipts and compiled de-
ductions:
All returns with balance sheets 92-93
Returns with net income 94-95
Returns with no net income 96-98
6. Corporations submitting balance sheets, by total assets classes
for major industrial groups: selected items of assets and liabilities
and selected items of receipts for returns with net income and
with no net income 99-119
7. By major industrial groups for returns with net income and with
no net income, 1927-36 120-124
Frequency distributions of —
Returns with balance sheets showing assets of $250,000 and over —
9. By total receipts classes, cross classified by total assets
classes, by returns with net income and with no net
income and by major industrial groups 139-149
10. By net income or deficit classes, cross classified by total
receipts classes, by returns with net income and with
no net income and by major industrial groups 150-166
11. Returns with balance sheets, by net income or deficit classes,
cross classified by total assets classes, by returns with
net income and with no net income and by major indus-
trial groups 167-183
12. Returns by net income or deficit classes, cross classified by
dividends received classes, by returns with net income
and with no net income and by certain major industrial
groups 184-193
States and Territories separately (8) :
8. Historical summary, 1927-36 125-135
REVENUE ACTS OF 1913-36 AND CERTAIN TAX PROVISIONS OF THE NATIONAL
INDUSTRIAL RECOVERY ACT (1933); ALSO THE SPECIAL EXCISE TAX UNDER
THE ACT OF AUGUST 5, 1909— SYNOPSIS OF CORPORATION INCOME AND PROF-
ITS TAX RATES AND CREDITS AFFECTING THE COMPARABILITY OF DATA IN
"STATISTICS OF INCOME" - 195-200
INCOME TAX FORMS
FacsimUes of Forms 1120, 1120L, and 1120H for 1936 204-220
Index 221-235
STATISTICS OF INCOME FOR 1936
PART 2
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
AND PERSONAL HOLDING COMPANY RETURNS
Treasury Department,
Office of Commissioner of Internal Revenue,
Washington, D. C, May 10, 1939.
Sir: In accordance with the provision in the Revenue Act of 1916
and subsequent acts requiring the publication annually of statistics
with respect to the operation of the income, war-profits, and excess-
profits tax laws, I have the honor to transmit herewith a report
entitled "Statistics of Income for 1936, Part 2," prepared from cor-
poration income and excess-profits tax returns and personal holding
company returns for 1936 filed during 1937, with a historical presen-
tation of the income and of the tax liability reported by corporations
from 1909 to date. (Statistics compiled from individual income tax
returns for 1936, and estate tax returns and gift tax returns filed
during 1937, are published in Statistics of Income for 1936, Part 1.)
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
RETURNS TABULATED
In general, the corporation income and excess-profits tax returns
covered by this report are for the calendar year 1936. However, a
considerable number of returns are filed for a fiscal year other than a
calendar year. Such returns for a fiscal year ended in the period July
1936 through June 1937 are tabulated with the calendar year returns.
There are also included part-year returns for which the greater part
of the accounting period falls in 1936.
The statistics are compiled from the returns as filed and prior to
revision that may subsequently be made as a result of audit by the
Bureau of Internal Revenue.
The general tables for corporations include aggregates for all returns
covered by this report, as well as separate tabulations for returns with
net income and with no net income. For the tabulation of the returns
with year ended prior to December 31, 1936, which show income tax
data under the provisions of the Revenue Act of 1934, the gross
income, deductions, net income and deficit have been arbitrarily
adjusted to conform to the definitions of these items under the
Revenue Act of 1936, but the income tax and excess-profits tax have
not been adjusted according to the provisions of the Revenue Act of
1936.
2 STATISTICS OF INCOME
REVENUE ACTS UNDER WHICH RETURNS ARE FILED
The returns included in this report are filed under the provisions of
the following revenue acts: Those for the calendar year 1936 and for a
fiscal year or part year ended in the period January through June 1937
have data relating to the normal tax and surtax on undistributed
profits under the provisions of the Revenue Act of 1936, and excess-
profits tax data under the provisions of the Revenue Acts of 1935 and
1936; those with fiscal year ended prior to December 31, 1936 (or
with part year which began in 1935), have income tax data under
the provisions of the Revenue Act of 1934, and excess-profits tax
data under the provisions of the Revenue Act of 1935. (The provi-
sions of the Revenue Act of 1935 relating to corporation income taxes
were superseded by the provisions of the Revenue Act of 1936 before
their first effective dates.)
Under the provisions of the Revenue Act of 1936, corporations,
other than those listed in the following paragraph, are subject to a
normal tax graduated from 8 percent on "normal tax net income" not
in excess of $2,000, to 15 percent on the amount in excess of $40,000
in lieu of the flat rate of 13% percent on "net income" imposed by the
Revenue Act of 1934, and to a surtax on undistributed profits gradu-
ated from 7 percent to 27 percent. (For a more detailed description
of the surtax, see the section of this report entitled "Surtax on undis-
tributed profits," pages 12-14.) Fifteen percent of the dividends
received from domestic corporations (which are subject to taxation
under Title I of the Revenue Act of 1936) is included in net income
subject to the normal tax and the total amount of such dividends
received is included in net income subject to the surtax. Under
earlier revenue acts, all dividends received from such domestic cor-
porations were exempt from the income tax.
The following corporations, although exempt from the surtax on
undistributed profits, are subject to a flat normal tax rate of 15 percent
instead of the graduated normal tax: banks and trust companies, a
substantial part of the business of which is receiving deposits and
making loans and discounts; insurance companies; corporations with
income from sources within possessions of the United States which are
entitled to the benefits of section 251 of the Revenue Act of 1936; and
corporations organized under the China Trade Act of 1922. Foreign
corporations are also exempt from the surtax and are subject to a
flat normal tax. For nonresident foreign corporations, income from
sources within the United States is subject to a 15 percent normal tax,
except dividends received, which are subject to a tax of 10 percent.
The 10 percent rate on dividends received may be reduced to not less
than 5 percent if the recipient corporation is organized under the
laws of a contiguous country and provision for such reduction has been
effected by treaty with such country. Resident foreign corporations
are subject to a flat normal tax of 22 percent on income from sources
within the United States.
Under the Revenue Act of 1934, steam and electric railroad corpo-
rations were permitted to file consolidated returns for income tax
purposes. Tliis privilege is continued under the Revenue Act of 1936.
However, the previous tax rate of 15% percent is changed to the gradu-
ated normal tax and surtax on undistributed profits corresponding
STATISTICS OF INCOME 3
to tax rates for corporations not filing consolidated returns. The
Revenue Act of 1936 extended the privilege of filmg consoUdated
returns to street, suburban, and interurban electric railways.
The excess-profits tax rates under the provisions of the Revenue
Act of 1935 for income-tax taxable years ended after June 30, 1936,
are 6 percent of the not income in excess of 10 percent and not in
excess of 15 percent of the adjusted declared value of capital stock
plus 12 percent of the net income in excess of 15 percent of the ad-
justed declared value of capital stock. The rate imposed by the
Revenue Act of 1934 was 5 percent of the net income in excess of 12^
percent of the adjusted declared value of capital stock. For income
years ended in the period July through November 1936 the net
income subject to the excess-profits tax, according to the provisions
of the Revenue Act of 1935, is the same as that for income tax pur-
poses, except that the income tax is allowed as a deduction in de-
termining the net income subject to the excess-profits tax. Under
the provisions of the Revenue Act of 1936, which apply to income
years ended December 31, 1936, and thereafter, the income tax is
not allowed as a deduction in the computation of the net income for
excess-profits tax purposes, and 15 percent of the dividends received
from domestic corporations (which are subject to taxation under
Title I of the Revenue Act of 1936) is included in the net income
subject to the excess-profits tax. Under earlier revenue acts, divi-
dends received from such corporations were exempt from the excess-
profits tax.
Under the provisions of the Revenue Act of 1936, a deduction from
gross income for contributions or gifts is allowed for the first time,
limited, however, to 5 percent of the net income before the deduction
of the contributions or gifts.
DEFINITIONS OF GROSS INCOME, DEDUCTIONS, NET INCOME AND TAX
In this report "gross income" corresponds to "total income"
reported in item 14, page 2 of return for 1936, plus "cost of goods sold"
and "cost of operations," items 2 and 5, page 2 of return. Unlike
former years, "gross income" includes interest received on certain
Government obligations, which is subject to excess-profits tax (item 8,
p. 2 of return). "Deductions" correspond to "total deductions"
reported in item 26, page 2 of return, plus "cost of goods sold" and
"cost of operations," items 2 and 5, page 2 of return. Unlike former
years, "deductions" include contributions or gifts (limited to 5 per-
cent of net income before deduction of contributions or gifts for returns
with year ended December 31, 1936, and thereafter) and exclude
dividends received which were allowed as a deduction under former
efi'ective revenue acts. All negative income amounts reported under
sources of income are transferred to deductions and both "gross
income" and "deductions" are increased by a like amount. Refer-
ences in this and succeeding paragraphs are to item numbers on
Form 1120, facsimile of which appears on pages 204-211.
The amount of "net mcome" tabulated m this report means "net
income for excess-profits tax computation" (item 27, p. 2 of return)
and represents the amount of gross income, as defiiied above, m
excess of deductions; and "deficit" represents the excess of deduc-
tions over gross income. Unlike former years, net uicome or deficit
4 STATISTICS OF INCOME
includes dividends received on stock of domestic corporations subject
to taxation under Title I of the effective revenue act (item 12(a), p.
2 of return) and interest received on certain Government obligations
which is subject to the excess-profits tax (item 8, p. 2 of return), and
excludes contributions or gifts (limited to 5 percent of net income
before deduction of contributions or gifts for returns with year ended
December 31, 1936, and thereafter).
In the general tables in this report, the amount tabulated as "nor-
mal tax" includes the following: income tax reported on returns for a
fiscal year ended in the period July through November 1936 (and
returns with part year which began in 1935), and the graduated
normal tax (item 22, face of return) and the flat normal tax for cor-
porations exempt from the graduated rates, reported on returns for
the calendar year 1936 and for a fiscal year or part year ended in the
period January tlirough June 1937. The svu-tax on undistributed
profits (item 41, face of return) is the amount reported on returns for
the calendar year 193.') ;md for a fiscal year or part year, ended in the
period January through June 1937, of corporations which are subject
to the surtax and which did not pay out dividends or have a credit for
restricting dividend payments in excess of adjusted net income. The
amount tabulated as excess-profits tax is reported as item 28, page 2
of the return. The income tax liability shown in this report represents
an amount prior to the allowance of credit claimed for income tax
paid to a foreign country or United States possession.
TAX LIABILITY AND COLLECTIONS
The amount of tax liability as reported on the returns is not pre-
cisely comparable with the amount of corporate income tax collections
during the calendar year in which the returns are filed. Several fac-
tors are responsible for the differences in the tax collected and the tax
liability reported on the returns, among which are the following:
1. The amount of tax originally reported may have been subse-
quently revised as the result of audit of the returns. The revisions
may result in additional assessments, thereby increasing the tax
liability, or in certificates of overassessment, representing abatements
and credits, which reduce the tax liability originally reported. An
amended return has the same effect as an audit revision.
2. Income and profits taxes paid to foreign countries or possessions
of the United States may be taken as a deduction from gross income
or applied with certain limitations as a credit against the income tax
payable to the United States. When used as a credit, the amount
can not exceed the proportion of the total tax against which the credit
is taken that the taxpayer's net income from sources without the
United States bears to the taxpayer's entire net income. The amount
of such taxes taken as a credit by corporations against the income tax
liability to the United States has not been deducted from the income tax
liability shown in the tabulations in this report. For the amount of
this credit for the years 1925 through 1935, see the Statistics of In-
come for 1935, Part 2, page 8.
3. Income tax paid at source on tax-free covenant bonds, because
of being assessed against the debtor corporation, is included in the
corporation income tax collections, notwithstanding the fact that it is
paid on behalf of individual holders of bonds.
STATISTICS OF INCOME 5
4. The amount of tax liability on fiscal year returns may not repre-
sent taxes collected during the calendar year in which the returns are
filed. Fiscal year returns are required to be filed on or before the 15th
day of the third month after the end of the fiscal year, and payment,
as in the case of calendar year returns, is required at the time the
return is filed, or in four quarterly installments. The first of the
quarterly installments is due when the return is filed. Thus during
the calendar year 1937, collections were made of part or all of the
taxes reported on returns for a fiscal year ended in period January 31,
1936 (the last quarterly installment payment on which was due on or
before January 15, 1937), through September 30, 1937 (the filing of
returns and the full payment or first installment payment on which
was due on or before December 15, 1937); whereas there are excluded
from the statistics in this report, as previously indicated, the returns
for a fiscal year ended prior to July 1936 and subsequent to June 1937.
5. Tabulations in this report exclude data reported on nonresident
foreign corporation income tax returns, Form 1120NB, whereas col-
lections in the current year include taxes on these returns. Form
1120NB is required for the calendar year 1936 or for a fiscal year
begun in 1936 and ended in 1937, unless a tax of 10 percent has been
withheld at the source on dividends and a tax of 15 percent has
been withheld at the source on all other items of taxable income (inter-
est, rents, royalties, etc.) received during the year from sources within
the United States.
6. Delays in payment because of financial embarrassment, liquida-
tion of business, and other causes result in collections of taxes after the
close of the year in which such taxes are due, and the classification of
such collections as "back taxes" because the collections are made in a
subsequent year. For similar reasons, certain amounts are uncol-
lectible.
7. Collections in the current year include such interest and penalty
items as are received in connection with delinquent payments on
returns.
INDUSTRIAL CLASSIFICATION
Corporations are classified industrially according to their predonii-
nant business. The industrial groups, therefore, do not contain
solely corporations engaged exclusively in the industries in which they
are classified, because of the diversified activities of many corporations.
The industrial classification for 1934, 1935, and 1936 is not strictly
comparable with that for prior years, by reason of the discontinuance,
under the Revenue Act of 1934, of the privilege of filing consolidated
returns, except by railroads. Whereas returns formerly filed on a con-
soUdated basis were classified according to the predominant business
of the consolidated group, the industrial classification for returns with
year ended December 31, 1934, or thereafter, is based on the predomi-
nant business of each separately incorporated concern (except in the
case of an affiliated railroad group which exercises the privilege of
filing a consolidated return). Although the present classification is,
to some extent, a purer industrial distribution than was possible for
consolidated returns of affiliated groups of companies in years prior to
1934, it does not furnish a wholly clean-cut separation of industries,
because of the varied activities of many corporations and as a result of
corporations dissolving their subsidiaries and transferrmg the business
to the parent company.
STATISTICS OF INCOME
GEOGRAPHIC DISTRIBUTION
The data, although tabulated by the States in which the returns are
filed, do not represent what may be called the geographic distribution
of income. There is no way of ascertaining from the income tax
returns the amount of income originating in the respective States or
the amount of tax paid on that basis, since income reported by a cor-
poration in one State may have been derived from sources in other
States. Returns are filed in the collection district in which the prin-
cipal place of business or principal office of the corporation is located,
except that consolidated returns of affiliated groups of railroad com-
panies are filed in the collection district of the parent company.
The geographic distribution for 1934, 1935, and 1936 is not strictly
comparable with that for prior years, by reason of the discontinuance,
under the Revenue Act of 1934, of the privilege of filing consolidated
returns, except by railroads. The separate returns of affiliated groups
of companies which formerly filed on a consolidated basis may or may
not be filed in the same collection districts as heretofore, depending on
whether or not the principal place of business or principal office of the
affiliated companies is in the same collection district as that of the
parent company.
COMPARABILITY WITH PREVIOUS REPORTS
In various sections of this report reference is made to conditions
affecting the comparability of specific items from year to year, such as
changes in the provisions of the revenue acts under which the returns
for given years are filed. In particular it must be noted that certain
data and classifications of the returns for 1934, 1935, and 1936 are not
strictly comparable with those for prior years (see Statistics of Income
for 1934, Part 2, pp. 19-29), and, furthermore, that certain data and
classifications of the returns for 1936 are not strictly comparable with
those for 1934 and 1935. For the 1936 returns shown in this report,
the gross income, deductions, compiled receipts, compiled deductions,
compiled net profit, net income, deficit, and tax liability, as well as
the classification of the returns with net income and with no net in-
corne, are affected by the provisions of the Revenue Act of 1936. The
major changes contained in the provisions of this act, affecting the
tabulated data for corporations, are described in the section of this
report entitled "Revenue Acts under which returns are filed," pages
2-3, and are summarized in the section of this report entitled
"Revenue Acts of 1913-1936 and certain tax provisions of the National
Industrial Recovery Act (1933); also the special excise tax under the
act of August 5, 1909," pages 195-200.
NUMBER OF RETURNS, NET INCOME OR DEFICIT, AND TAX
The number of corporation income and excess-profits tax returns
for 1936, filed during the calendar year 1937, is 530,779, of which
203,161 show net income amounting to $9,478,241,475, while 275,696
show a deficit of $2,152,023,715, and 51,922 have no income data.
The normal tax is $1,024,792,938, the surtax on undistributed profits
$144,972,284, the excess-pi'ofits tax $21,612,551, and the total tax
$1,191,377,773.
STATISTICS OF INCOME 7
The amount tabulated as normal tax includes the following: income
tax of $59,289,827 reported on returns with a fiscal year ended prior
to December 31, 1936 (and returns with part year which began in
1935); graduated normal tax of $930,438,197 and flat normal tax of
$35,064,914 for corporations exempt from the graduated rates, re-
ported on returns for the calendar year 1936 and for a fiscal year or
part year ended in period January through June 1937. The surtax is
reported on returns of corporations (other than those which are
exempt from the surtax) for the calendar year 1936 and for a fiscal
year or part year ended in the period January through June 1937.
A special tabulation of the surtax liability reported on returns filed
under the Revenue Act of 1936 appears in the section of this report
entitled "Surtax on undistributed profits," pages 12-18.
In comiection with the amounts of net income, deficit, and tax
hability, for returns with net income and with no net income, attention
is called to the fact that these items are not strictly comparable with
those for prior years. The major changes contained in the provisions
of the Revenue Act of 1936, affecting the tabulated data for corpora-
tions, are described in the section of this report entitled "Revenue acts
under which returns are filed," pages 2-3, and are summarized in
the section of this report entitled "Revenue Acts of 1913-1936 and
certain tax provisions of the National Industrial Recovery Act (1933);
also the special excise tax under the Act of August 5, 1909," pages
195-200.
Separate tabulations for fiscal year returns and for part year re-
turns, shown on pages 34-38, make it possible to segregate certain
data for the calendar year accounting period and for other accounting
periods.
MAJOR INDUSTRIAL GROUPS
In the table on pages 8-10 returns of corporations are segregated
by major industrial groups and by returns with net income, returns
with no net income, and returns of inactive corporations. There are
shown, of the following data, the items that are appHcable to each
segregation: number of returns, gross income, deductions, net income
or deficit, normal tax, surtax on undistributed profits, and excess-
profits tax. Basic table 1, pages 60-61, shows similar data for the
returns distributed by States and Territories.
In analyzing the data compiled from returns classified under the
major industrial group "Finance" and under the industrial subgroup
"Life insurance — Mutual or stock companies," allowance should be
made for the two special deductions from gross income permitted hfe
insurance companies under subsection (a), section 203, Revenue Acts
of 1934 and 1936, relating to reserve funds required by law and re-
serve for dividends. For returns with net income tliis deduction is
$120,1 16,262 ; for returns with no net income, $654,895,402. In basic
tables 3 and 4, pages 70-81 and pages 82-91, respectively, the special
deductions for Hfe insurance companies are included in "other de-
ductions."
There are excluded from the major industrial group "Finance," for
the first time, returns of nonresident foreign corporations with income
derived from sources within the United States on which the tax has
not been fully satisfied at the source. For the calendar year 1936 and
for a fiscal year begun in 1936 and ended in 1937, Form 1120NB is
required of such corporations, unless a tax of 10 percent has been
STATISTICS OF INCOME
withheld at the source on dividends and a tax of 15 percent has been
withheld at the source on all other items of taxable income (interest,
rents, royalties, etc.)- In prior years, all nonresident foreign corpora-
tions filed Form 1120 and data from these returns were tabulated in
the major group "Finance."
This year, the industrial groups "Clothing and apparel," "Petroleum
and other mineral oil products," and "Motor vehicles, complete or
parts," are shown as major industrial groups for the first time. In prior
years, the group "Clothing and apparel" was included in "Textile
mill products," the group "Petroleum and other mineral oil products"
was included in "Chemicals and allied products," and the group
"Motor vehicles, complete or parts," was included in "Metal and its
products."
In connection with the 1936 data for returns with net income and
with no net income classified by industrial groups and also by States
and Territories, attention is called to the fact that these data are not
strictly comparable with those for prior years. The major changes
contained in the provisions of the Revenue Act of 1936, affecting the
tabulated data for corporations, are described in the section of this
report entitled "Revenue Acts under which returns are filed," pages
2-3, and are summarized in the section of this report entitled
"Revenue Acts of 1913-1936 and certain tax provisions of the National
Industrial Recovery Act (1933); also the special excise tax under the
Act of August 5, 1909," pages 195-200.
In basic table 3 there are shown dividends received on stock of do-
mestic corporations (line 7), interest received on certain Government
obligations subject to the excess-profits tax (line 9), and contributions
or gifts (line 19), by major industrial groups and by returns with net
income and with no net income. The information shown in basic
table 3 permits comparisons of 1936 data on gross income, deductions,
and net income less deficit with these items for prior years and indi-
cates the effect on the classification of the returns with net income
and with no net income of the inclusion in net income for income tax
computation of dividends received on stock of domestic corporations
and interest received on certain Government obligations. These
data should be used in connection with the following table:
Corporations, 1936, by major industrial groups: number of returns, gross income,
deductions, net income or deficit, normal tax, surtax on undistributed profits, and
excess-profits tax, for returns with net income and with no net income; also number
of returns of inactive corporations '
[Money figures in thousands of dollars]
Total
number
of returns
Returns with net income ^
Industrial groups
Number
Percent
of group
total
Gross in-
come 3
Deduc-
tions 3
Net in-
come '
Agriculture and related industries...
Mining and quarrying
9,860
18, 174
2,920
5,146
29.61
28.32
52.3, 992
2, 069, 330
458, 156
1, 769, 282
65, 837
300, 048
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic
and nonalcoholic)
13, 057
3,333
379
7,827
8,203
2,401
618
6,233
1,767
153
3, 903
3, 633
1, 200
330
47.74
53. 02
40.37
49.87
44.29
49.98
53.40
8, 824, 076
1, 473, 579
1, 188, 166
3, 596, 772
1, 759, 667
1, 043, 709
910.991
8,406,511
1, 297, 566
1, 060, 198
3, 374, 868
1, 703, 322
993, 062
856, 220
417, 565
176,013
127,968
291 904
Tobacco products
Textile mill products
Clothing and appaiel.
56, 344
50, 647
54, 771
Leather and its manufactures
Rubber products..
For footnotes, see p. 10.
STATISTICS OF INCOME
9
Corporations, 1936, by major industrial groups: number of returns, gross income,
deductions, net income or deficit, normal tax, surtax on undistributed profits, and
excess-profits tax, for returns with net income and with no net income; also number
of returns of inactive corporations ' — Continued
[Money figures in thousands of dollars]
Industrial groups
Total
number
of returns
Returns with net income 2— Continued
Number
Percent
of group
total
Gross in-
come 3
Deduc-
tions 3
Net in-
come '
Manufacturing — Coniinued.
Forest products
Paper, pulp, and products
Printing, publishing, and allied
industries
Chemicals and allied products. _
Petroleum and other mineral oil
product";
Stone, clay, and glass products.
Metal and its products
Motor vehicles, complete or parts
Manufacturing not elsewhere
classified
Total manufacturing
Construction
Transportation and other public
utilities
Trade
Service— Professional, amusements,
hotels, etc
Finance— Banking, insurance, real
estate, holding companies, stock
and bond brokers, etc
Nature of business not given
Grand total
fi,722
2,371
12, 735
7,174
852
3,970
19, 772
801
6,021
3,145
1,440
5,469
3,303
357
1,781
10, 4(i7
367
2,378
46.79
60.73
42.95
46.04
41.90
44.86
52. 94
45.82
39.49
1, 291, 734
1,437,416
1, 792, 311
3, 649, 269
3, 716, 885
1,196,817
10,501,257
4, 621, 105
1,370,245
1,204,893
1,314,070
1, 603, 836
3, 169, 991
3, 492, 258
1,035,301
9, 387, 337
4, 187, 756
1, 214, 278
86, 841
123, 346
188, 475
479, 278
224, 627
161,616
1,113,920
433, 348
155, 967
96, 236
45, 926
47.72
48, 373, 998
44,301,467
4, 072, 531
17, 997
27, 486
149, 805
64, 426
132, 715
14, 080
6,202
11, 196
69, 263
43, 866
197
40.73
46.24
33.05
1.39
1, 309, 003
8, 756, 897
34, 810, 717
2, 545, 580
6,371,607
2,630
1, 234, 867
7. 380, 377
33, 674, 298
2,313,416
« 4, 151, 669
1,982
74, 136
1,376,520
1,136,419
232, 164
2, 219, 938
530, 779
203, 161
104, 763, 755
95, 285, 514
9, 478, 241
Industrial groups
Returns with net income '—Con.
Normal
tax <
Surtax
on undis-
tributed
profits
Excess-
profits
tax 5
Returns with no
net income >
Number
Percent
of group
total
Agriculture and related industries
Mining and quarrying..
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and non-
alcoholic)
Tobacco pioducts
Textile mill products
Clothing anil apparel __
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Petroleum and other mineral oil products
Stone, clay, and glass products
Metal and its products
Motor vehicles, complete or parts
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities —
Trade
Service— Professional, amusements, hotels, etc...
Finance— Banking, insurance, real estate, holding
companies, stock and bond brokers, etc
Nature of business not given
Grand total. .-
7,666
35, 083
53, 544
23, 074
17, 825
29, 697
7,219
6,683
7,377
10, 771
16, 367
23, 307
57, 408
20, 723
21, 187
147, 102
59, 700
19, 143
989
3,025
5,221
5,080
538
5,476
1,226
974
1,143
1,927
2,986
4,064
6,671
2,895
2,813
24,552
5,778
3,899
521, 125
75, 243
1, 024, 793
2,030
8,516
25, 107
5,506
24,550
7
144, 972
328
504
1,310
69
863
232
134
119
559
276
452
1,063
53
507
3,777
696
534
11, 294
661
757
2,286
2
21,613
6,025
8,642
6,028
1,294
211
3,782
4,455
1,144
259
3,360
848
6,811
3, 508
389
2,015
8,563
390
3,047
46, 104
10, 443
13, 657
76, 257
41, 258
71,828
1,482
275, 696
61.11
47.55
46.17
38.82
55.67
48.32
54.31
47.65
41.91
49.99
35.77
53.48
48.90
45.68
60.78
43.31
48.69
50.61
47.91
68.03
49.69
60.90
64.04
64.12
10.63
51.94
For footnotes, see p. 10.
10
STATISTICS OF INCOME
Corporations, 1936, by major industrial groups: number of rctxirns, gross income,
deductions, net income or deficit, normal tax, surtax on undistributed profits, and
excess-profits tax, for returns with net income and ivith no net income: also number
of returns of inactive corporations ' — Continued
[Money figures in thousands of dollars]
Industrial groups
Returns with no net income 2 — Con.
Gross in-
come '
Deductions*
Deficit »
Returns of inactive
corporations
Number
Percent
of group
total
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and
nonalcoholic)
To bacco products
Textile mill products
Clothing and apparel -.
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products..
Printing, publishing, and allied indus-
tries
Chemicals and allied products
Petroleum and other mineral oil products
Stone, clay, and glass products
Metal and its products
Motor vehicles, complete or parts
Manufacturing not elsewhere classified . .
Total manufacturing
Construction
Transportation and other public utilities
Trade
Service— Professional, amusements, hotels,
etc
Finance— Banking, insurance, real estate,
holding companies, stock and bond
brokers, etc
Nature of business not given
Grand total
201, 757
998, 165
234, 464
1, 122, 311
32, 707
124, 146
1, 566, 015
198. 162
27, 440
914,367
523, 088
239. 163
50, 872
456, 523
291, 362
440, 889
275, 689
888, 562
183, 925
2, 068, 625
163, 117
293, 029
1, 603, 758
211, 486
28, 638
958, 422
537, 132
253, 436
54, 055
494, 473
307, 179
469, 364
294, 458
909, 672
200, 532
2, 143, 540
174, 771
310, 907
37, 743
13,324
1,198
44, 055
14,044
14.272
3,183
37, 950
15,816
28, 475
18, 769
21,110
16, 607
74,915
11,654
17, 878
915
4,386
796
272
15
142
115
57
29
217
83
455
363
106
174
742
44
596
9.28
24.13
6.09
8.10
s.oe
1.81
1.40
2.37
4.69
3.22
3.50
3.67
5.06
12.44
4.38
3.75
5.49
9.90
8, 580, 8-30
703, 504
4, 055, 288
8, 460, 652
2, 103, 413
2, 405, 346
5.222
6,951,822
370, 993
4,206
4.37
740, 809
4, 409, 174
8, 673, 701
2, 346, 649
« 3, 176, 840
10, 431
37, 305
353, 885
213, 049
243, 235
771, 494
5,209
1.352/f
2,633
4,285
4,723
17, 021
12, 401
7.51
9.58
2.86
7.33
27, 514, 178
29, 666, 202
2, 152, 024
51, 922
9.78
1 For textual discussion, see pp. 1-8.
' The classification of returns "with net income" and "with no net income" is based on the amount of net
income for income tax computation (item 29, p. 2 of return) . Unlike former years, net income for income tax
computation includes dividends received on stock of domestic corporations subject to taxation under Title I
of the effective revenue acts (item 12(a), p. 2 of return) and interest received on certain Government obliga-
tions, which is subject to excess-profits tax (item 8, p. 2 of return) , and excludes contributions or gifts (limited
to 5 percent of net income before deduction of contributions or gifts) and excess-profits tax (item 28, p. 2 of
return). The amount of "net income" or "deficit" represents the net income for excess-profits tax computa-
tion (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned dividends received
and interest received on certain Government obligations, and excludes the above-mentioned contributions
or gifts. The amount of "net income" or "deficit" equals the difference between "total income" and "total
deductions" (items 14 and 26, respectively, p. 2 of return) and also between "gross income" and "deductions"
in this table.
' "Gross income" and "deductions" correspond to "total income" and "total deductions" (items 14 and
26, respectively, p. 2 of return) plus, in each instance, "cost of goods sold" and "cost of operations" (item 2
and 5, p. 2 of return). Unlike former years, "gross income" includes interest received on certain Govern-
ment oblisations, which is subject to excess-profits tax (item 8, p. 2 of return), and "deductions" include con-
tributions or gifts Climited to 5 percent of net income before deduction of contributions or gifts) and exclude
dividends received on stock of domestic corporations (item 12(a), p. 2 of return).
* Includes the following amounts: Income tax of $59,289,827 reported on returns with fiscal year ended
prior to Dec. 31, 1936 (and returns with part year which began in 1935); graduated normal tax of $930,438,197
and flat normal tax of $35,064,914 for corporations exempt from the graduated rates, reported on returns for
the calendar year 1936 and for fiscal year or part year ended in period January through June 1937.
» Corresponds to item 28, p. 2 of return. To secure "net income for income tax computation" (item 29,
p. 2 of return) this amount of excess-profits tax is subtracted from the "net income for excess-profits tax com-
putation" (item 27, p. 2 of return).
« Includes special nonexpense deductions of life insurance companies (see p. 7).
NET INCOME AND DEFICIT CLASSES
The classification of the returns into those "with net income" and
"with no net income" and the net income and deficit classes are based
on net income for income tax computation (item 29, p. 2 of return).
Unlike former years, net income for income tax computation includes
STATISTICS OF INCOME
11
dividends received on stock of domestic corporations subject to taxa-
tion under Title I of the effective revenue acts (item 12(a), p. 2 of
return) and interest received on certain Government obligations,
which is subject to excess-profits tax (item 8, p. 2 of return), and ex-
cludes contributions or gifts (limited to 5 percent of net income
before deduction of contributions or gifts) and excess-profits tax
(item 28, p. 2 of return).
In the following table the returns are segregated by net income and
deficit classes. There are shown, of the following data, the items that
are applicable to each segregation: number of returns, net income or
deficit, normal tax, surtax on undistributed profits and excess-profits
tax. The number of returns of inactive corporations is also given in
the lower part of the table.
A more detailed description and presentation of the returns sub-
ject to surtax on undistributed profits, classified by size of net income,
is given in the following section of this report entitled "Surtax on undis-
tributed profits" and in the text table on pages 12-18.
In connection with the 1936 data for returns with net income and
with no net income classified by size of net income or deficit, atten-
tion is called to the fact that these data are not strictly comparable
with those for prior years. The effect of the inclusion in net income
for income tax computation of dividends received on stock of domestic
corporations and interest received on certain Government obligations
is indicated by the data shown in the text table on pp. 19-20. The
major changes contained in the provisions of the Revenue Act of
1936, affecting the tabulated data for corporations, are described in
the section of this report entitled "Revenue acts under which returns
are filed," pages 2-3, and are summarized in the section of this
report entitled "Revenue Acts of 1913-1936 and certain tax provisions
of the National Industrial Recovery Act (1933) ; also the special excise
tax under the act of August 5, 1909," pages 195-200.
Corporations, 1936, by net income and deficit classes: number of returns, net income
or deficit, normal tax, surtax on undistributed profits, excess-profits tax, and per-
centages, for returns with net income and no net income; also number of inactive
corporations
[Net income and deficit classes and money figures in thousands of dollars]
Returns with net income '
Net income
classes '
Returns
Net income '
Normal t-ix 2
Surta.x on undis-
tributed profits
E.xcess-profits
tax ■■>
Num-
ber
Percent
Amount
Percent
Amount
Percent
Amount
Percent
Amount
Percent
Under 1
1-2
2-3
74,728
24, 526
14, 767
10, 320
7,864
21,438
10, 939
6,302
4, 447
10, 959
7, 046
5,233
2,107
1,197
1,058
230
36.78
12.07
7.27
5.08
3.87
10. 55
5 39
3.10
2.19
5.39
3.47
2. .58
1.04
.59
.52
.11
26, 107
35, 946
36. 666
36, 164
.35, 554
153. 967
135.344
110.141
100.175
388. 413
498, 682
813. 120
738, 865
835. 894
2, 145, 833
3, 387, 307
0.28
.38
.39
.38
.37
1.62
1.43
1.16
1.06
4.10
5.26
8.58
7.79
8.82
22.64
35. 74
2.094
2,878
3.110
3.238
3. 281
14,859
13.416
11. 175
10. 424
42 031
57, 409
97, 0.-3
8.8, 131
99, 622
241, 184
334. 888
0.20
.28
.30
.32
.32
1.45
1.31
1.09
1.02
4.10
5.60
9.47
8.60
9.72
23. .54
32.68
1,22?
1.393
1,199
1,067
972
3,927
3,420
2, 708
2,443
9,366
12, 173
19, 422
15, 591
1.5,882
29, 112
25, 071
0.85
.96
.83
.74
.67
2.71
2.36
1.87
1.68
6.46
8.40
13.40
10.75
10.95
20.08
17.29
162
247
261
276
296
1. 285
1,053
814
690
2,290
2,584
3.153
1,942
2,208
3,106
1.243
0.75
1.14
1.21
3-4
4-5
1.28
1.37
5-10
10-15
5.95
4.87
15-20
20-25..
3.77
3.19
25-.50
10, 59
.50-100
100-250
250-500
500-1,000
1.000-5,000..-.
5,000 and
over
11.96
14.59
8.99
10.22
14.37
5.75
Total..
203. 161
100.00
9. 478. 241
100. 00
1, 024. 793
100.00
144, 972
100.00
21.613
100 00
For footnotes, see p. 12.
12
STATISTICS OF INCOME
Corporations, 1936, by net income and deficit classes: number of returns, net income
or deficit, normal tax, surtax on undistributed profits, excess-profits tax, and per-
centages, for returns with net income and no net income; also number of inactive
corporations — Continued
[Net income and deficit classes and money figures in thousands of dollars]
Returns with
no net income '
Deficit classes'
Returns
Deficit'
Number
Percent
Amount
Percent
Underl
158, 701
36, 657
19,342
11,634
7,857
18,061
7.073
3,781
2,392
5. 021
2,615
1,613
500
232
186
28
57.56
13.30
7.01
4.22
2.85
6.55
2.57
1.37
.87
1.82
.95
.59
.18
.08
.07
.01
48, 026
52, 756
47, 338
40, 301
35; 147
126, 5G9
86, 156
65, 485
53, 389
174, 769
180.523
242. 989
173, 554
159,977
385, 179
279, 865
2.23
1-2
2.45
2-3
2.20
3^ . . .
1.87
4-5
1.6?
5-10
5.88
10-15 - ...
4.01
15-20
3 04
20-25
2.48
25-50
8.12
50-100 .
8.39
100-250
11.29
250-500
8.07
500-1,000 . .--
7.44
1000-5 000 . --- -
17.90
13.00
Total ---
275, 696
51, 922
100.00
2. 152, 024
100 00
1 Net income and deficit classes and tiie classification of returns into tiiose "witli net income" and "with
no net income" are based on net income for income tax computation (item 29, p. 2 of return). Unlilve former
years, net income for income tax computation includes dividends received on stoclv of domestic corporations-
subject to taxation under Title I of the elTective revenue acts (item 12(a), p. 2 of return) and interest received
on certain Government obhjjations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes
contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and
excess-profits tax (item 28, p. 2 of return). The amount of "net income" or "deficit" represents the net
income for excess-profits tax computation (item 27, p. 2 of return), which, unlike former years, includes the
above-mentioned dividends received and interest received on certain Government obligations, and excludes
the above-mentioned contributions or gifts. The amount of "net income" or "deficit" in the table equals
the difference between "total income" and "total deductions" (items 14 and 26, respectively, p. 2 of return).
'See footnote 4, p. 10.
• See footnote 5, p. 10.
SUETAX ON UNDISTRIBUTED PROFITS
Under the provisions of section 14(d) of the Revenue Act of 1936,
effective for the calendar year 1936 and thereafter, all corporations are
subject to the surtax on undistributed profits, except the following:
banks and trust companies, a substantial part of the business of which
is the receiving of deposits and making loans and discounts; insurance
companies; corporations with income from sources within possessions
of the United States w^hich are entitled to the benefits of section 251
of the Revenue Act of 1936; corporations organized under the China
Trade Act of 1922; foreign corporations; domestic corporations which
are in bankruptcy or are insolvent and in receivership in a court of the
United States or of any State, Territory, or the District of Columbia;
and joint stock land banks organized under the Federal Farm Loan
Act, as amended.
The surtax is equal to the sum of: 7 percent of the portion of the-
undistributed net income which is not over 10 percent of the adjusted
STATISTICS OF INCOME 13
net income; 12 percent of the portion of the undistributed net income
which is over 10 percent and not over 20 percent of the adjusted net
income; 17 percent of the portion of the undistributed net income
which is over 20 percent and not over 40 percent of the adjusted net
income ; 22 percent of the portion of the undistributed net income which
is over 40 percent and not over 60 percent of the adjusted net income;
27 percent of the portion of the undistributed net income which is
over 60 percent of the adjusted net income. A specific credit is
allowed corporations with adjusted net income of less than $50,000
whereby the undistributed net income subject to the surtax rate of 7
percent is increased to an amount not in excess of $5,000.
The adjusted net income (item 28, face of return) equals the net
income for excess-profits tax computation (item 27, page 2 of return)
less the excess-profits tax, normal tax, interest received on certain
Government obligations subject to the excess-profits tax, and certain
credits allowed to holding company affiliates and to national mortgage
associations. The undistributed net income (item 31, face of return)
equals the adjusted net income less the dividends paid credit and the
credit for contracts restricting the payments of dividends.
In the following table the returns with net income for the calendar
year 1936 or for a fiscal year or a part year ended in the period Jan-
uary through June 1937, are segregated by returns of corporations
subject to the surtax on undistributed profits, by returns of corjDora-
tions not subject to the surtax, and by net income classes. The re-
turns of corporations subject to the surtax are further classified by
the highest surtax rate reported on each return and by those with no
surtax. There are shown, of the following data, the items that are
applicable to each segregation: number of returns, net income, divi-
dends paid credit, undistributed net income, normal tax, surtax on
undistributed profits and excess-profits tax. There are also included
in the following table data for the returns with net income with fiscal
year ended in the period of July through November 1936 and returns
with net mcome with part year which began in 1935, wliich are filed
under the provisions of the Revenue Acts of 1934 and 1935.
Of the 203,161 returns with net income included in this report,
190,141 are filed under the Revenue Act of 1936. Of the returns filed
under this act, 181,131 are for corporations subject to the surtax on
undistributed profits. Of the returns of corporations subject to the
surtax on undistributed profits, 135,904 show a surtax liability of
$144,972,284 and 45,227 show no surtax habiUty because the divi-
dends paid credit and/or the credit for contracts restricting dividend
payments are in excess of the adjusted net income. Of the returns
with surtax liability, 115,095 show 7 percent as the highest surtax
rate, 5,049 show 12 percent as the highest surtax rate, 6,821 show 17
percent as the highest surtax rate, 4,443 show 22 percent as the highest
surtax rate, and 4,496 returns show 27 percent as the highest surtax
rate.
114338—39 2
14
STATISTICS OF INCOME
Corporations, 1936, with net income, by returns filed under Revenue Act of 1936 by
corporations subject to surtax on rmdistributed profits, by highest stirtax rate, by
net income classes: number of returns, net income, dividends paid credit, undis-
tributed net income, normal tax, surtax on undistributed profits and excess-profits
tax; also by corporations not subject to surtax on undistributed profits and returns
filed under the Revenue Acts of 1934 (^f^d 1935
[Net income classes and money figures in thousands of dollars]
Number of returns with
net income '
Returns of corporations subject to surtax on
undistributed profits ^
Returns with surtax
Net income classes '
Total
Total
Returns
filed under
Revenue
Act of
1936
Number
of
returns
Net in-
come '
Divi-
dends
paid
credit '
Undis-
tributed
net
income '
132, 205
21, 438
10, 939
6,302
4,447
10,059
7,046
5,233
2,107
1,197
1, 058
230
124, 338
19, 991
10, 171
5,879
4,157
10, 099
6,472
4,792
1,915
1,118
987
222
98, 047
11, 832
5,747
3,224
2,304
5,677
3,814
2.814
1,147
640
531
127
111,210
84, 665
71,270
£6, 437
52, 007
202, 202
271,586
438, 039
401, 604
449, 570
1, 089, 753
2,131,802
17, 498
27, 598
32, 178
27, 953
27, 666
112,792
157, 930
253, 565
244, 186
278, 335
735, 557
1, 635, 494
83, 555
5-10
47, 736
10-15
31, 220
15-20 -
22,007
20-25
18, 304
25-50
64, 823
50-100
79, 282
100-250
126, 908
250-500
105, 062
111,957
500-1,000
1,000-5,000
216, 674
253, 548
5,000 and over
Total --.
203, IGl
190, 141
135, 904
5, 360, 154
3, 550, 752
1,161,077
Net income classes '
Under 5
6-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total...
Returns of corporations subject to surtax on undistril)uted profits' — Con.
Returns with surtax — Continued
Total— Continued
Normal
tax
9,276
8,108
7,041
5,734
5,439
22, 198
32, 060
54, 044
49, 660
55, 729
129, 204
235, 835
614, 328
Surtax on
undis-
tributed
profits
5,858
3,927
3,420
2,708
2,443
9,366
12, 173
19, 422
15, 591
15, 882
29, 112
25, 071
144, 972
Excess-
profits
tax
954
838
668
496
404
1,424
1,687
2,075
1,382
1,664
2,482
1,211
15, 284
Highest surtax rate, 7 percent
Number
of
returns
98, 047
7,241
3,072
1.526
1.003
1,940
917
656
298
1.58
177
60
Net in-
come 1
111,219
50, 306
37, 930
26, 5H7
22, 605
67, .593
64, 623
102,312
106, 030
111,356
391,471
903, 651
115, 095 1, 995, 663 1, 582, 709
Dividends
paid
credit »
17, 498
26, 674
27, 004
19, 885
17, 727
54, 747
54, 251
85, 623
88, 776
92, 547
327, 884
770, 094
For footnotes, see p. 18.
STATISTICS OF INCOME
15
•Corporations, 1936, with net income, by returns filed under Revenue Act of 1936 by
corporations subject to surtax on undistributed profits, by highest surtax rate, by
net income classes: nuviber of returns, net income, dividends paid credit, undis-
tributed net income, normal tax, surtax on undistributed profits and excess-profits
tax; also by corporations not subject to surtax on undistributed profits and returns
filed under the Revenue Acts of 1934 and 1935 — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes '
Under 5 --
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total-
Returns of corporations subject to surtax on undistributed profits '—Con.
Returns with surtax — Continued
Highest surtax rate, 7 percent— Continued
Undis-
tributed
net
income '
83, 555
18, 070
6,804
3, 647
2,296
4, 509
2,584
3,902
4,113
5,053
16, 436
40, 768
191, 798
Normal
tax
9,276
4,827
3,749
2, 692
2, 356
7,250
7,354
12,033
12, 207
13, 667
42. 363
88, 910
206, 683
Surtax on
undis-
tributed
profits
5,858
1,271
481
256
162
320
181
274
288
374
1,151
2,854
13, 469
Excess-
profits
tax
954
467
316
210
160
416
309
274
256
302
624
331
4,618
Highest surtax rate, 12
percent
Number
of
returns
1,398
463
385
299
845
694
478
198
138
114
37
5,049
Net in-
come '
9,003
5,837
6,794
6,820
30, 509
49, 352
75,913
69, 534
97, 446
228, 350
810, 663
1, 390, 222
Returns of corporations subject to surtax on undistributed profits »— Con.
Returns with surtax— Continued
Net Income classes '
Highest surtax rate, 12 percent— Continued
Highest
surtax rate,
17 percent
Dividends
paid
credit »
Undistrib-
uted net
income '
Normal
tax
Surtax on
undistrib-
uted
profits
Excess-
profits tax
Number of
returns
Under 5
5-10
591
2,607
3,788
4,199
21, 265
36, 783
56, 042
51.495
72, 376
169, 807
609, 857
7,449
2,579
2,220
1,814
5, 583
6, 507
9,916
9.002
12, 395
30, 538
103, 640
856
582
70S
721
3,351
5,652
9,227
8,677
11,810
2'^ 558
95, 458
546
195
170
143
459
554
859
776
1,062
2.721
8,869
96
53
48
64
184
261
341
189
244
626
688
1,977
10-15 .
551
15-20 -
426
20-25
378
25-50
1,174
50-100
956
100-250
731
250-500 . .
303
500-1,000
163
1,000-5,000
140
5,000 and over
22
Total
1, 028, 809
191.642
163. 601
16, 357
2.794
6,821
For footnotes, see p. 18.
16
STATISTICS OF INCOME
Corporations, 1936, with net income, hrj returns filed under Revenue Act of 1936 by
corporations subject to surtax on undistributed profits, by highest surtax rate, by
net income classes: number of returns, net income, dividends paid credit, undis-
tributed net income, normal tax, surtax on undistributed profits and excess-profits
tax; also by corporations not subject to surtax on undistributed profits and returns
filed under the Revenue Acts of 1934 and 1935 — Continued
[Net income classes and money figures in thousands of dollars]
esi
Returns of corporations subject to surtax on undistributed profits'— Con.
Returns with surtax — Continued
Net income class
Hisjhest surtax rate, 17 percent— Continued
Net in-
come '
Dividends
paid
credit '
Undistrib-
uted net
income '
Normal
tax
Surtax on
undistrib-
uted
profits
Excess-
profits tax
Under 5
5-10
14, 453
6,937
7, .565
8, 507
42, 267
68, 498
112,785
106, 519
115,604
290, 716
341, 792
315
2,119
3,228
4,092
24, 174
41, 705
68, 849
64, 880
70, 358
177, 424
222, 074
12,511
3,999
3,436
3,398
12, 976
17, 839
28, 802
26, 763
29, 181
73, 942
78, 168
1,382
695
789
909
4,734
8,340
14, 352
13, 880
15,019
38, 222
40, 620
1,080
374
335
351
1,432
2,145
3,428
3,302
3,468
8.801
8,785
155
10-15
73
15-20
02
20-25
65
2,5-50
316
50-100
477
100-250 -
478
250-500 . .
433-
500-1,000
569
1,000-5,000
G27
5,000 and over
72'
Total
1, 115, 644
679, 217
291, 016
138, 942
33, 501
3,356
Returns of corporations subject to surtax on undistributed profits 2— Continued
Returns with surtax— Continued
Net income classes ■
Highest surtax rate, 22 percent
Number
of re-
turns
Net in-
come 1
Dividends
paid credit «
Undis-
tributed
net in-
come '
Normal
tax
Surtax on
undis-
tributed
profits
Excess-
profits
tax
Under 5 ..
5-10 .
1, 216
656
213
190
713
605
472
195
116
60
7
4,443
10,902
7,537
3,753
4,296
25, 875
42, 971
73, 552
66, 495
80, 924
106, 942
68, 214
18
426
907
1,349
10, 057
18, 837
32, 425
29, 651
36, 522
48, 266
31, 052
9,707
6,233
2,408
2,434
12, 571
18, 455
31, 193
28, 068
34, 097
45, 101
27, 110
1,044
758
383
465
2,955
5, 269
9, 301
8,692
10, 087
13, 087
9,741
1,031
749
303
320
1,777
2,754
4,645
4,198
5, 065
6,813
3,929
119
10-15
90'
15-20
34
20-25
40
25-50
217
50-100
100-250
302
483
250-500 . .
248
500-1,000
322
1,000-5,000
305
5,000 and over
31
Total
491, 462
208, 509
217, 377
61, 781
31, 582
2, 190.
For footnotes, see p. 18,
STATISTICS OF INCOME
17
■Corporations, 1936, with net income, by returns filed xmder Revenue Act of 1936 by
corporations subject to surtax on undistributed profits, by highest surtax rate, by
net income classes: number of returns, net income, dividends paid credit, undis-
tributed net income, normal tax, surtax on undistributed profits and excess-profits
tax; also by corporations not subject to surtax on undistributed profits and returns
filed under the Revenue Acts of 193 J,, and 1935 — Continued
[Net income classes and money figures in thousands of dollars]
Returns of corporations subject to surtax on undistributed profits 2— Continued
Returns with surtax— Continued
Net income classes'
Highest surtax rate, 27 percent
Number
of re-
turns
Net in-
come '
Dividends
paid
credit »
Undis-
tributed
net in-
come'
Normal
tax
Surtax on
undistrib-
uted profits
Excess-
profits
tax
Under 5
5-10-
10-15
1,005
674
434
1,005
642
477
153
65
40
1
13, 030
11,758
9,779
35, 958
46, 141
73, 478
53, 026
44, 239
72, 273
7,482
22
145
299
2.550
6, 354
10, 625
9.384
7,532
12, 176
2,417
11,604
10, 296
8,362
29, 125
33, 897
53,094
37. 116
31,231
50, 657
3,862
1,257
1,162
990
3,907
5,445
9,131
6,204
5,147
8,973
1,106
1,621
1,643
1,467
5,377
6,539
10, 216
7,026
5,913
9,626
635
136
15-20
111
'20-25
75
•25-50
291
50-100
339
100-250
500
250-500
255
500-1,000
228
1,000-5,000
301
5,000 and over
89
Total
4,496
367, 164
51, 507
269, 244
43,323
50,063
2,325
Returns of corporations subject to surtax on xmdistributed
profits 2— Continued
Net income classes i
Returns with no surtax '
Number of
returns
Net in-
come 1
Dividends
paid credit '
Normal tax
Exce<!S-
profits tax
Under 5
22, 037
6,448
3,604
2,230
1,549
3,778
2,305
1,727
652
419
390
88
39, 210
46, 450
44, 504
38,901
34, 831
133, 385
162, 370
266, 875
229, 799
294, 036
794, 502
1,113,390
32, 336
38, 775
37, 714
33, 119
29. 619
113, 930
137, 292
223, 746
195, 388
242, 166
679, 492
1, 000, 590
2,972
4,080
4,084
3,716
3,413
13, 571
17,812
30, 586
26, 853
33,344
84. 835
90,217
229
5-10
333
10-15...
277
15-20 . . .
240
20-25 ....
212
25-50 . -
637
50-100 .
698
100-250
777
250-500
362
500-1,000. __
374
1,000-5,000..
455
5,000 and over . .
10
Total
45, 227
3, 198, 254
2, 764, 167
315, 481
4,604
For footnotes, see p. 18.
18
STATISTICS OF INCOME
Corporations, 19S6, with net income, by returns filed under Revenue Act of 1936 hi/>
corporations subject to surtax on undistributed profits, by highest surtax rate, by
net income classes: number of returns, net income, dividends paid credit, undis-
tributed net income, normal tax, surtax on undistributed profits and excess-profits
tax, also by corporations not subject to surtax on undistributed profits and returns
filed under the Revenue Acts of 1934 and 1935 — Continued
[Net income classes and money figures in thousands of dollars]
Returns of corporations not subject to
surtax on undistributed profits'
Returns filed under Revenue Acts of
1934 and 1935 <
Net income classes •
Number
of re-
turns
Net in-
come'
Normal
tax*
Excess-
profits
tax
Number
of re-
turns
Net in-
come '
Income
tax
Excess-
profits
tax
Under 5
4,254
1,711
820
425
304
644
3.53
251
116
59
66
7
9,634
12, 488
10, 144
7,439
6,826
22, 484
24, 531
38, 952
39, 364
40, 495
119,360
50, 619
969
1,291
1,039
749
698
2,323
2,328
3,783
3,680
3,889
10, 999
3,945
28
76
74
46
49
141
110
112
84
15
14
7,867
1,447
768
423
290
860
574
441
192
79
71
8
10, 375
10, 364
9,426
7,367
6,511
30, 341
40, 196
69, 253
68, 097
51,793
142, 218
91,556
1,385
1,380
1,253
976
874
3,939
5,210
8,640
7,937
6,660
16, 146
4,891
32
5-10.
38
10-15 -.
35
15-20
33
20-25 ..
25
25-50 -
88
50-100 -..
88
100-250
190
250-500 .. ..
115
500-1,000 ._.
1,000-5,000
155
155
5,000 and over
22
Total ..-.
9,010
382, 336
35, 694
747
13, 020
537, 498
59, 290
977
' Net income classes and the classification of the returns "with net income" are based on net income for
income tax computation (item 29, p. 2 of return). Unlike former years, net income for income tax computa-
tion includes dividends received on stock of domestic corporations subject to taxation under Title I of the
effective revenue acts (item 12(a), p. 2 of return) and interest received on certain Government obligations,
which is subject to excess-profits tax (item 8, p 2 of return), and excludes contributions or gifts (limited to 5
percent of net income before deduction of con tributions or gifts) and excess-profits tax (item 28, p . 2 of return) .
The amount of "net income" represents the net income for excess-profits tax computation (item 27, p. 2 of
return), which, unlike former years, includes the above-mentioned dividends received and interest received
on certain Government obligations and excludes the above-mentioned contributions or gifts. The amount
of "net income" in the table equals the difference between "total income" and "total deductions" (items
14 and 26, respectively, p. 2 of return).
' Returns for the calendar year 1936 and for a fiscal year or part year ended in the period January through
June 1937 of corporations which are not exempt by law from the surtax on undistributed profits.
' Returns for the calendar year 1936 and for a fiscal year or part year ended in the period January through
June 1937 of corporations which are exempt by law from the surtax on undistributed profits under the pro-
visions of section 14(d) of the Revenue Act of i936.
< Returns for fiscal year ended in the period July through November 1936 and 325 part year returns with
period (beginning in 1935) the greater part of which was in 1936.
» Returns with no undistributed net income on which the dividends paid credit and/or the credit for con-
tracts restricting dividend payments equal or exceed the adjusted net income.
« Dividends paid credit (item 29, face of return) plus credit for contracts restricting dividend payments
(item 30. face of return).
' The undistributed net income equals the adjusted net income less the dividends paid credit and the
credit for contracts restricting dividend payments. The adjusted net income equals the net income for
excess-profits tax computation less the following; excess-profits tax, normal tax, interest on certain Govern-
ment obligations which is subject to the excess-profits tax, credit allowable to holding company affiliates,
and the credit allowable to national mortgage associations.
8 Normal tax at flat rates of 15 and 22 percent reported on returns for the calendar year 1936 and for a fiscal
year or part year ended in the period January through June 1937 of corporations exempt by law from the-
surtax on undistributed profits.
° Net income has been arbitrarily adjusted to include dividends received on stock of domestic corporations
subject to taxation under Title I of the effective revenue act and interest received on certain Government
obligations. No adjustment was made for contributions or gifts which were not required to be reported
on returns for a fiscal year ended in the period July through November 1936, and for a part year which began
in 1935.
DIVIDENDS RECEIVED, INTEREST RECEIVED ON GOVERNMENT OBLIGATIONS,
AND DIVIDENDS PAID, BY NET INCOME AND DEFICIT CLASSES
The following table shows for the returns by net income and deficit
classes,_ the followiDg data: total number of returns; number of returns
with dividends received and amount of dividends received; interest
received on Government obligations, amount subject to excess-profits
tax and amount wholly tax-exempt; number of returns with cash
dividends paid, with cash and stock dividends paid, and with stock
dividends paid; and the amounts of cash and stock dividends paid.
The information shown in this table indicates the effect on the
segregation of the returns with net income and with no net income and
STATISTICS OF INCOME
19
by net income and deficit classes by the inclusion in net income for
LQCome tax computation of dividends received on stock of domestic
corporations, and interest received on certain Government obligations
which is subject to the excess-profits tax. These data should be used
in connection with the text table on pages 11-12.
Corporations, 1936, by net income and deficit classes: total number of returns, num-
ber of returns with dividends received, amount of dividends receivea, interest received
on Government obligations, number of returns with cash dividends paid, with cash
and stock dividends paid, and with stock dividends paid, and amount of cask
and stock dividends paid, for returns with net income and with no net income
[Net income and deficit classes and money figures in thousands of dollars]
Returns with net income '
Net income classes '
Total
number
of returns
Dividends received '
Interest received on Government
obligations
Number of
returns
Amount
Total
Subject to
excess-
profits tax *
Wholly
tax-
exempt *
Under 1.
74, 728
24, 526
11,767
10, 320
7,864
21, 438
10, 939
6,302
4,447
10, 959
7,046
5,233
2,107
1,197
1,058
230
3,978
2,157
1,603
1,387
1,181
3,839
2,390
1,594
1,247
3, 643 •
2,883
2,604
1,251
790
794
203
3,102
3,087
2,565
2,611
2,320
11,916
11,453
9,739
9,462
44, 721
70, 529
135, 967
143, 272
181, 231
586, 882
1, 285, 065
4,680
5,232
4,236
5,034
4, 553
17, 880
12, 279
8,764
8,767
27, 304
37, 370
54, 408
40, 036
48, 855
122, 932
86. 059
1,785
2,178
2,049
2,593
2,260
8,897
6,304
4,730
4, 434
12, 205
15, 637
24, 386
18, 405
26, 808
61, 664
46, 113
2,895
1-2
3,053
2-3.
2,187
3-4...
2,441
4-5
2,293
5-10 .-
8,982
10-15
5, 975.
15-20
4,034
20-25
4,333;
25-50
15, 099
50-100
21, 73a
100-250
30, 021
250-500.
21,631
500-1,000...
22, 047
1,000-5,000
61, 268-
5,000 and over
39, 946
Total.
203, 161
31,544
2, 503, 922
488, 388
240, 451
247, 93»
Returns with net income
—Continued
Dividends paid »
Net income classes •
Number of retiurns with—
Amount of
cash
dividends
Cash divi-
dends, no
stock
dividends
Cash and
stock
dividends
Stock divi-
dends, no
cash
dividends
Amount of
stock
dividends
Under 1
8,597
7,180
5, 864
4,788
3,933
12, 924
7,881
4,823
3,550
8,842
5,914
4,407
1,817
1,070
958
212
64
66
61
69
57
212
178
116
93
294
193
158
81
33
27
12
213
163
106
84
62
214
113
29
30
57
29
14
5
3
2
15, 196
18, 294
18,818
19, 737
20, 840
91, 004
89, 487
77, 661
70, 790
266, 102
339, 634
541,455
492, 647
581, 533
1, 625, 325
2, 910, 697
1,58a
1-2
2,100-
2-3
1,301
3-4
1,519
4-5
910'
5-10
6,031
10-15
5, 436
15-20
6, 542:
20-25
3, 656
25-50
18, 214
50-100
18, 233
100-250
30, 785
250-500
27, 264-
500-1,000....
19, 490
1,000-5,000
163, 581
5,000 and over
28, 67a
Total...
82, 760
1,714
1,124
7, 179, 220
335, 31*
For footnotes, see p. 20.
20
STATISTICS OF IXCOME
Corporations, 1936, by net income and deficit classes: total number of returns, num-
ber of returns with dividends received, amount of dividends received, interest received
on Government obligations, number of returns with cash dividends paid, with cash
and stock dividends paid, and with stock dividends paid, and amount of cash
and stock dividends paid, for returns with net income and with no net income — Con.
[Net income and deficit classes and money figures in thousands of dollars]
Deficit classes '
Returns with no net income '
Total
number
of returns
Dividends received 2
Number of
returns
Interest received on Government
obligations
Total
Subject to
excess-
profits tax *
Wholly
tax-
exempt •
Under 1
1-2
2-3
3-4
4-5_.
5-10
10-15
15-20
20-25
25-50
50-100-
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total...
158,701
36, 657
19, 342
11,631
7, 857
18, 064
7.073
3,781
2,392
5,021
2,615
1,613
500
232
186
28
4,294
1,644
1,014
710
540
1, 500
733
442
327
822
529
434
176
104
112
22
6,439
2,235
2,152
1,574
1,717
4,204
4,712
2,814
1.354
8,477
11,935
18. 639
9,592
18,905
.52, 241
25, 687
6,096
3,785
3,249
3,396
1,987
9,109
5, 022
3.882
2.804
10. 586
12. 626
14.686
25, 903
15, 493
74, 971
42, 314
2,200
902
897
929
620
2,835
1,398
1,179
1,043
2.794
3,889
3,896
2,883
2,352
2,467
1,367
6,274
3.625
2,702
1,761
7,793
8,736
11,660
19, 494
12,211
67, 788
41, 724
275, 696
13, 403 172, 676 235, 908
39, 177
196, 731
Returns with no net income i — Continued
* Dividends paid ^
Deficit classes '
Number of returns with^
Amount of
cash
dividends
Cash divi-
dends, no
stock
dividends
Cash and
stock
dividends
Stock divi-
dends, no
cash
dividends
Amount of
stock
dividends
Under 1
2,420
899
516
372
271
707
365
227
158
365
220
150
60
42
30
7
16
4
9
4
6
5
2
4
3
2
1
1
84
25
15
12
7
8
12
4
5
14
5
3
9,223
6,174
3.187
3,480
2,517
10, 501
8,413
4,445
5,985
14, 167
21, 595
22, 845
1.5, 023
26, 014
■U, 802
4,742
928
1-2 .
463
2-3
295
3-4 .
285
4-5
134
5-10
312
10-15
514
1.5-20
188
20-25
100
25-50
4,314
50-100 .
281
100-250
1,770
250-500
500-1,000
2
69
1,000-5,000
5,000 and over ....
Total
6,809
59
194
200, 112
9,653
' The classification of returns into those "with net income" and "with no net income" and the net income
■and deficit classes are based on net income for income tax computation (item 29, p. 2 of return). Unlike
former years, net income for income tax computation includes dividends received on stock of domestic
■corporations subject to taxation under Title I of the effective revenue acts (item 12(a), p. 2 of return)
and interest received on certain Government obligations, which is subject to excess-profits tax (item 8,
p. 2 of return), and excludes contributions or gifts (limited to 5 percent of net mcome before deduction of
contributions or gifts) and excess-profits tax (item 28, p. 2 of return).
' Dividends received on stock of ilomestic corporations subject to fixation imder Title I of the effective
revenue acts (item 12(a), p. 2 of return).
3 Data reported in reconciliation schedule on return (Schedule M, item 17).
< Included in "gross income," "compiled receipts," "net income," and "deficit," throughout this report.
Interest on United States bonds and Treasury bonds owned in principal amount of over $5,000, and obliga-
tions of instrumentalities of the United States (other than those issued under Federal Farm Loan Act, or
such act as amended), reported as item 8, p. 2 of return.
' Interest on obligations of States and Territories or political subdivisions thereof, securities issued under
Federal Farm Loan Act, or such act as amended, obligations of the United States issued on or before Septem-
ber 1, 1917, Treasury notes, Treasury bills, Treasury certificates of indebtedness, and United States savings
bonds and Treasury bonds owned in principal amount of $5,000 or less.
STATISTICS OF INCOME
21
DIVIDENDS PAID
Dividends paid on the capital stock of domestic corporations, as
reported on the corporation income tax returns for 1936, are: cash
$7,379,332,807 and stock $344,972,312. Cash dividends paid in-
creased over 1935 by $1,438,712,730, or 24.2 percent, and stock divi-
dend payments increased $209,120,918, or 153.9 percent.
Amounts specificahy designated as stock dividends in item 17 on
schedule M, Form 1120, are tabulated as such. All other dividends
(except liquidating) are tabulated as cash dividends, with the result
that the latter include dividends paid in other property as well as in
cash.
In the text table, pages 19-20, the number of returns with cash
dividends paid, with both cash and stock dividends paid, and with
stock dividend* paid, and the amounts of cash and stock dividends
paid are shown by net income and deficit classes. In basic table 3,
pages 70-81, the cash and stock dividend payments are exhibited by
major industrial groups for returns in the aggregate as well as for
those with net mcome and with no net income, and in basic table 5,
pages 92-98, the amounts reported on returns with balance sheets,
grouped by size of total assets, are likewise shown in the aggregate
and for the same two subclasses of returns.
Cash and stock dividends paid by all corporations, and by cor-
porations with net income and with no net income, for the years 1922"
through 1936, are as follows:
Corporations, 1922-36: cash and stock dividends paid *
[Thousands of dollars]
1
Aggregate
Returns with net income 2
Returns with no net
income 2
Year
Cash divi-
dends
Stock divi-
dends
Cash divi-
dends
Stock divi-
dends
Cash divi-
dends
Stock divi-
dends
1922
3, 436, 715
4, 169, 118
4, 338, 823
5, 189, 475
5, 945, 293
3 6, 423, 176
3 7, 082, 723
3 8, 519, 812
3 8, 184, 241
6, 151, 082
3, 885, 601
3, 127, 459
3 4, 859, 379
5, 940, 620
7, 379, 333
3, 348, 050
891,286
510, 526
544, 431
757, 650
3 702, 501
550, 128
1, 288, 643
414, 180
163, 530
143, 076
102, 043
214, 763
135, 851
344, 972
3, 182, 870
3, 820, 620
3, 994, 991
4,817,301
5, 530, 211
3 5, 785, 476
3 6, 594, 169
3 8, 005, 952
3 6, 823, 050
3.871,880
2, 320, 386
2, 385, 889
3 3, 822, 599
4, 651, 002
7, 179, 220
3, 166, 916
787, 167
466, 820
502, 490
716, 219
3 642, 178
509, 853
1, 193, 896
250, 499
77, 887
89, 955
80, 450
173, 419
112, 162
335, 319
253, 845
348, 498
343, 832
372, 173
415, 082
3 637, 701
488, 554
513, 860
1,361,191
2, 279, 203
1. 565, 215
741, 570
1, 036, 781
1, 289, 618
200, 112
181, 134
1923
104, 118
1924
43, 706
1925.
41,942
1926
41, 430
1927
60, 323
1928
40, 275'
1929
94, 747
1930..
163, 681
1931
85, 644
1932
1933
53, 122
21, 593
1934
41,344
1935
23, 689
1936
9, 653
1 Excludes cash and stock dividends paid by life insurance companies for all years prior to 1928.
2 For 1936 the classification of returns into those "with net income" and "with no net income" Is based
on net income for income tax computation (item 29, p. 2 of return) which, unlike former years, includes
dividends received on stock of domestic corporations subject to taxation under Title I of the effective revenue
act (item 12(a), p. 2 of return) and interest received on certain Government obligations, which is subject to
excess-profits tax (item 8, p. 2 of return), and excludes contributions or gifts (limited to 5 percent of net
income before deduction of contributions or gifts) and excess-profits tax (item 28, p. 2 of return).
3 Revised. For 1927, see Statistics of Income for 1928, p. 329. For 1928, see Statistics of Income for 1935^
Part 2, p. 9, footnote 2. For 1929, see Statistics of Income for 1934, Part 2, p. 9, footnote 2. For 1930 and
1934, see Statistics of Income for 1935, Part 2, p. 9, footnote 2.
In connection with the data in the above table attention is called
to the fact that the classifications of the returns with net income and
with no net income for 1936 are not strictly comparable \\dth similar
classifications for prior years. The major changes contained in the
22 STATISTICS OF INCOME
provisions of the Revenue Act of 1936, affecting the tabulated data
for corporations, are described in the section of this report entitled
"Revenue Acts under which returns are filed," pages 2-3, and are
summarized in the section of this report entitled "Revenue Acts of
1913-1936 and certain tax provisions of the National Industrial
Recovery Act (1933); also the special excise tax under the act of
August 5, 1909," pages 195-200.
The dividend payments for the years 1934, 1935, and 1936, shown
in the above table, are not strictly comparable with those for prior
years. For statement of the effect on dividend payments of the dis-
continuance of the privilege of filing consolidated returns under the
Revenue Act of 1934, see Statistics of Income for 1934, Part 2, page 10.
COMPILED RECEIPTS AND COMPILED DEDUCTIONS
In the table on page 24 there appears a summary of compiled
receipts and compiled deductions for the 478,857 returns of active
corporations, with segregation of those submitting and those not
submitting balance sheets. Similar statistics for all active corpora-
tions without tliis segregation, by major industrial groups and by
returns with net income and with no net income, are presented in
basic table 3, pages 70-81. For returns with balance sheets, the
same information is given by major industrial groups in basic table
4, and by assets classes in basic table 5, except that in table 4 the
figures for corporations with net income and with no net income are
not combined. The tables show also compiled net profit (or compiled
net loss), net income or deficit, normal tax, surtax on undistributed
net income, excess-profits tax, total tax, and compiled net profit after
deducting total tax.
Compiled receipts comprise (1) taxable income consisting of gross
sales, gross receipts from operations (where inventories are not an
income-determining factor), taxable interest received, rents received,
net gain from sale of capital assets (real estate, stocks, bonds, etc.),
dividends received on stock of domestic corporations, and other items
grouped as "other receipts," and (2) tax-exempt and taxable interest
received on Government obligations. This year, for the first time, the
amount of dividends received on stock of domestic corporations sub-
ject to taxation under Title I of the effective revenue acts is included
in compiled receipts as an item of taxable income. In former years,
this item was tabulated as tax-exempt income because dividends re-
ceived from such domestic corporations were exempt from the income
and excess-profit taxes. This year also, for the first time, the interest
received on Government obligations which is subject to the excess-
profits tax is tabulated separately from the wholly tax-exempt interest
received on Government obligations. Compiled receipts exclude non-
taxable income other than interest received on Government obliga-
tions, which is wholly tax-exempt. Compiled receipts differ from
gross income, as the two terms are used in this report, only by the
amount of wholly tax-exempt interest received on certain Government
obligations included in the former item.
Certain items of compiled receipts, namely, dividends received on
stock of domestic corporations and wholly and partially tax-exempt
interest received on Government obligations are shown for returns
with net income and with no net income classified by net income and
deficit classes in the text table on pages 19-20.
STATISTICS or INCOME 23
Compiled deductions comprise cost of goods sold, cost of operations,
compensation of officers, rent paid on business property, bad debts,
interest paid, taxes paid (excepting income tax, excess-profits tax, and
other disallowed taxes), contributions or gifts, depreciation, depletion,
net loss from the sale of capital assets (real estate, stocks, bonds,
•etc.), and items not classified, including amounts of negative income
(i. e., transfers of losses reported under income items) grouped as
"other deductions." This year, for the first time, compiled deduc-
tions include contributions or gifts (limited to 5 percent of net
income before deduction of contributions or gifts) for returns with
year ended December 31, 1936, and thereafter. Compiled deduc-
tions do not differ from deductions, as the two terms are used ui this
report.
Compiled net profit is the excess of compiled receipts over compiled
deductions, and is larger than net income, as the term is used in this
report, by the amount of wholly tax-exempt interest received on cer-
tain Government obhgations. Compiled net loss is the excess of com-
piled deductions over compiled receipts and is smaller than deficit, as
the term is used in this report, by the amount of wholly tax-exempt
interest received on certain Government obligations. For returns
with year ended December 31, 1936, and thereafter, compiled net
profit differs from that for prior years to the extent that it is affected
by the inclusion in the deductions of contributions or gifts permitted
under the Revenue Act of 1936, which are limited to 5 percent of the
net income before deduction of contributions or gifts.
The amounts tabulated as "cost of goods sold" and "cost of opera-
tions" (items 2 and 5, respectively, page 2 of the return) include
salaries and wages, taxes, and depreciation only to the extent that these
deductions are reported as part of such costs. Amounts of these items
which may be allocable to "cost of goods sold" or to "cost of opera-
tions" but which are reported elsewhere on the returns are tabulated
under "other deductions," in the case of salaries and wages, and under
"taxes paid" or "depreciation" in the case of the other two items. If any
■deduction items other than these three are reported in "cost of goods
sold" or "cost of operations," adjustment is made, and the items are
transferred to their appropriate classifications.
The deduction item "compensation of officers" excludes the amounts
paid to the officers of life insurance companies which file Form 1120L.
There is no provision on Form 1120L for reporting this item, and from
the annual statement submitted with the return it is not possible to
obtain the compensation of officers separately.
The deduction item "contributions or gifts" is tabulated for returns
with year ended December 31, 1936, and thereafter and is limited to
5 percent of net income before deduction of contributions or gifts.
The net loss from sales of capital assets is limited by law to an
amount not in excess of $2,000, after deduction of the gain from such
sales. The definition of capital assets, the limitation on net capital
loss, and the corporations which are exempt from this limitation,
effective for returns with years ended December 31, 1934, and there-
after, are indicated in the section of this report entitled "Revenue
Acts of 1913-1936 and certain tax provisions of the National Indus-
trial Recovery Act (1933); also the special excise tax under act of
August 5, 1909," page 199, footnote 5(d).
24
STATISTICS OF INCOME
Corporations, 1936: number of returns, compiled receipts and compiled deductions'
compiled net profit, net income, normal tax, surtax on undistributed profits, excess-
profits tax, total tax, and dividends paid, for returns in the aggregate and for those
with and without balance sheets
[Money figures in thousands of dollars]
Aggregate
Corporations
submitting
balance
sheets
Corpora-
tions not
submitting
balance
sheets
478, 857
415, 654
63, 203
100, 585, 887
96, 129, 815
4, 456, 072
22, 886, 173
21, 244, 723
1, 641, 450
2, 543, 148
2, 477, 962
65, 186
1, 517, 573
1, 409, 666
107, 907
581, 185
552, 623
28, 562
2, 676, 598
2, 572, 718
103, 880
1, 207, 743
1, 168, 490
39, 253
279, 628
273, 161
6,467
444, 669
440, 189
4,480
132, 722, 602
126, 269, 346
6, 453, 256
78, 023, 107
74, 363. 955
3, 659, 152
10,859,118
10, 083, 243
775, 875
2, 712, 589
2, 603. 692
108. 897
1, 529, 991
1,451,196
78, 794
901,433
866, 131
35, 302
3, 080, 723
2,931,469
149, 254
2, 957, 986
2.807,111
150, 875
29, 968
28, 741
1,227
3, 286, 426
3, 147. 731
138, 695
437, 028
402, 598
34, 431
142, 432
123, 474
18, 958
20, 990, 915
19. 841. 900
1,149,014
124,951,715
118.651.242
6, 300. 474
7, 770, 887
7, 618. 104
152, 782
7, 326, 218
7. 177. 915
148, 302
1, 024, 793
982. 940
41, 852
144, 972
141. 154
3,818
21,613
20. 546
1,066
1, 191. 378
1.144,641
46, 737
6, 579, 509
6, 473, 464
106, 045
7, 379, 333
7, 162, 623
216, 709
344, 972
343, 057
1,915
Number of returns -
Receipts, taxable income:
Gross sales '
Gross receipts from operations 2
Interest
Rents
Net capital gain
Dividends from domestic corporations ^
Other receipts
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax *
Wholly tax-exempt »
Total compiled receipts «
Deductions:
Cost of goods sold '
Cost of operations '
Compensation of officers '
Rent paid on business property
Bad debts
Interest paid
Taxes paid, other than income and excess-profits taxes
Contributions or gifts 'i
Depreciation ,
Depletion
Net capital loss '^
Other deductions
Total compiled deductions '3.
Compiled net profit
Net income >*
Normal tax is.
Surtax on undistributed profits.
Excess-profits tax
Total tax
Compiled net profit less total tax.
Cash dividends paid
Stock dividends paid
' Gross sales where inventories are an income determining factor. For "cost of goods sold," see "deduc-
tions."
2 Gross receipts from operations where inventories are not an income-determining factor. For "cost of
operations," see "deductions."
3 See footnote 2, p. 20.
* Includes United States savings bonds and Treasury bonds owned in principal amount of over $5,000,
and obligations of instrumentalities of the United States (other than those issued under Federal Farm Loan
Act or such act as amended) reported as item 8, p. 2 of return.
» Includes obligations of States and Territories or political subdivisions thereof, securities issued under
Federal Farm Loan act, or such Act as amended, obligations of the United States issued on or before Sept.
1, 1917, Treasury notes. Treasury bills. Treasury certificates of indebtedness, and United States savings
bonds and Treasury bonds owned in principal amount of $5,000 or less.
0 Excludes nontaxable income other than interest on tax-exempt obligations reported in schedule M of the
return. Unlike former years, "dividends received from domestic corporations" are included in taxable-
income instead of in tax-exempt income.
' Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 23.
8 Includes taxes which are reported in "cost of operations." For method of tabulation, see p. 23.
' Excludes compensation of officers of life insurance companies which file Form 1120L.
i" Excludes taxes tabulated under "cost of goods sold" and "cost of operations."
" Limited to 5 percent of net income before deduction of contributions or gifts on returns with vear ended
Dec. 31, 1936, and thereafter.
'2 For limitation on amount of net capital loss that may be allowed, see section of this report entitled
"Revenue Acts of 1913-36 and Certain Tax Provisions of the National Industrial Recovery Act (1933);
also the special excise tax tmder Act of .\ug. 5, 1909," p. 199, footnote 5i'd).
'3 Unlike former years, compiled de luctions and compiled net profit are affected by the inclusion in deduc-
tions of contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts)
on returns with year ended Dec. 31, 1936, and thereafter.
'< The amount of "net income" represents the net income for excess-profits fax computation (item 27, p. 2
of return), which, unlike former years, includes dividends received on stock of domestic corporations subject
to taxation under Title I of the effective revenue acts <item 12(a), p. 2 of return) and interest received on
certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes
contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts). Net
income in this table is less than compiled net profit by the amount of wholly tax-exempt interest received
on Government obligations.
" See footnote 4, p. 10.
STATISTICS OF INCOME
25
ASSETS AND LIABILITIES
In the first and second following tables are shown respectively: (1)
a summary statement of the principal assets and liabilities as of
December 31, 1936, or the close of the fiscal year nearest thereto for
415,654 out of 478,857 returns of active corporations and (2) the num-
ber of returns and the number of balance sheets tabulated, by net
income and deficit classes. The difference between the number of
returns and the number of balance sheets tabulated represents returns
of corporations which did not submit balance sheets, or for which bal-
ance sheet data were fragmentary. In basic table 4, pages 82-91, the
principal assets and liabilities are shown by major industrial groups.
This table also includes items of compiled receipts and compiled de-
ductions for active corporations which submitted balance sheets. For
descriptive statement of compiled receipts and compiled deductions,
see pages 22-23.
In connection with the data in the two following tables attention is
called to the fact that the classifications of the returns with net income
and with no net income for 1936 are not strictly comparable with
similar classifications for prior years. The major changes contained
in the provisions of the Revenue Act of 1936, affecting the tabulated
data for corporations, are described in the section of this report entitled
"Revenue acts under which returns are filed," pages 2-3, and are
summarized in the section of tliis report entitled "Revenue Acts of
1913-1936 and certain tax provisions of the National Industrial
Recovery Act (1933); also the special excise tax under the act of
August 5, 1909," pages 195-200.
Corporations submitting balance sheets, 1936: number of returns,^ assets and liabilities
as of Dec. 31, 1936, or close of fiscal year nearest thereto, for returns in the aggregate
and for those with net income and with no net income
[Money figures in thousands of dollars]
Aggregate
Returns with
net income 2
Returns with
no net income'
Number of returns with balance sheets .. -
415, 654
188. 553
227. 101
Assets:
Cash (in till and deposits in banks) . . -
26, 101, 840
40, 219, 149
16, 583, 678
24, 312, 709
86, 207, 700
97, 873, 098
11,881,549
19, 723, 044
30, 012, 468
13, 559, 651
15. 809, 862
56, 122, 795
57, 498, 365
6, 869, 496
6, 378, 796
Notes and accounts receivable (less reserve for bad debts) . .
Inventories
Tax-exempt investments— Obligations of States and Terri-
tories or political subdivisions thereof, obligations of in-
strumentalities of the United States, and obligations of
the United States or its possessions ..-
10, 206, 691
3, 024, 027
8, 502, 847
Investments, other than tax-exempt— Stocks, bonds, mort-
gages, loans, real estate, etc
Capitalassets— Land, buildings, equipment, etc., including
dep'etable assets (less reserves for depreciation and de-
pletion) . _
30,084,905
40, 374, 734
Other assets
5,012,053
Total assets' . ....
303, 179, 724
199, 595, 670
103, 584, 053
For footnotes, see p. 26.
26
STATISTICS OF INCOME
Corporations submitting balance sheets, 1936: number of returns,^ assets and liabilities^
as of Dec. 81, 1936, or close of fiscal year nearest thereto, for returns in the aggregate
and for those with net income and with no net income — Continued
[Money figures in thousands of dollars]
Aggregate
Returns with
net income 2
Returns with
no net income''
Liabilities;
25, 579. 995
47, 022, 686
97. 109. 483
15, 285, 450
23, 024, 198
55, 733, 769
10, 294, 545
23. 998. 488
41. 375, 713
Capital stonk:
18. 590, 569
78,071,619
13, 159, 784
55, 827, 671
5, 430, 786.
22,243,948
Total capital stock . .. .
96, 662, 188
68, 987, 455
27, 674, 733.
48.042,830
11,237,458
38, 526. 216
1,961,418
9. 516. 614
9, 276, 040''
36, 805, 372
36, 564, 799
240, 57*
303, 179, 724
199, 595, 670
103, 584, 05»
' Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
2 The classification of returns into those "with net income" and "with no net income" is based on the net
income for income tax computation (item 29, p. 2 of the return). Unlike former years, net income for
income tax computation includes dividends received on stock of domestic corporations subject to taxatiort
under Title I of the eflective revenue acts (item 12(a) , p. 2 of return) and interest received on certain Govern^
ment obligations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes contributions
or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and excess- profits tax
(item 28, p. 2 of return).
' "Total assets" means the sum of the asset items or the sum of the liability items reported on the bal-
ance sheet of the return less any deficit.
Corporations, 1936, by net income and deficit classes: number of returns and number
of balance sheets, for returns with net income and with no net income
Returns with net income '
Returns with no net income '
Net income and deficit classes '
(thousands of dollars)
Number of
returns
Number of
balance
sheets
Percent of
balance
sheets to
returns
Number of
returns
Number of
balance
sheets
Percent o i
balance
sheets to
returns
Under 1
74, 728
24, 526
14, 767
10, 320
7,864
21,438
10, 939
6,302
4,447
10, 959
7,046
5,233
2,107
1,197
1,068
230
65, 993
22, 941
14, 001
9,844
7,548
20, 603
10, 657
6,091
4,299
10, 584
6,766
4,976
1,994
1,138
994
225
88.31
93.54
94.81
95.39
95.98
96.11
96.51
96.65
96.67
96.58
96.01
96.09
94.64
95.08
93.96
97.83
158, 701
36, 657
19, 342
11, 634
7,857
18,064
7,073
3,781
2,392
6,021
2,615
1,613
500
232
186
28
125,712
30, 866
16, 486
10, 148
6, 864
16,029
6,376
3,399
2, 138
4.494
2.320
1,412
451
209
172
25
79.2]i
1-2 -
84. 20'
2-3 ..-
85. 23;
3-4
87.23
4-5
87. 36
5-10
88.73
10-15....
90.15
15-20
89. 90'
20-25
89.38
25-50
89. 50
50-100
88.72-
100-250
87.54
250-500
90. 20'
500-1,000
90.09
1,000-5,000
92. 4r
5,000 and over
89.29
Total
203, 161
188, 653
92.81
275, 696
51,922
227, 101
82. 3r
Number of returns of inactive
corporations
See footnote 1, p. 20.
STATISTICS OF INCOME 27
Balance sheet items not otherwise classified are tabulated under
"other assets" and "other liabilities," among which are the following:
Other assets. — Copyrights; formulas; good will; patents; trade
marks; machinery and equipment leased to others; sinking funds;.
other funds; deferred charges; organization expenses; prepaid and
suspense items; interest, discount, coupons, and dividends receivable;
guaranty deposits, and deposits on contracts, meters, and leaseholds;
cash value of life insurance. Other assets of life insurance companies
include market value of real estate and bonds in excess of book value;
interest, rents, and premiums due; and agents' balances.
Other liabilities. — Deferred and suspense items; funds held in trust;
borrowed securities; outstanding coupons and certificates; overdrafts;
and all reserves except reserves for bad debts, depreciation, and
depletion. Other liabilities of Ufe insurance companies include the
net value of outstanding policies and securities, and borrowed money.
Other liabilities of banks include deposits (time, saving, demand,
etc.) and bank notes in circulation, and other liabihties of building
and loan associations include certificates.
The following changes in classification affect the comparability of
asset and liability data over a period of years: Prior to 1929, "invest-
ments other than tax-exempt" were included in "other assets" for
all corporations; beginning with 1929 they were segregated for cor-
porations other than life insurance; for 1930 and subsequent years,
they are segregated for all corporations. Over a period of years shifts
appear under liabilities in the amounts reported as "common stock'^
and "preferred stock," because of variation in reporting these data.
For balance sheets in which common and preferred stock are not
reported separately, the combined amount is tabulated as "common
stock." For balance sheets with no par stock and not showing capital
stock value, the net worth is tabulated under "surplus and undivided
profits."
The following table presents, by major industrial groups, the gross
capital assets, reserves for depreciation (except on land) and depletion^
and net capital assets. Gross capital assets include (1) depreciable
and depletable assets (buildings, machinery and equipment, furniture
and fixtures, delivery equipment and natural resources) and (2) land.
Attention is directed to the fact that the amounts of money in this
table are in miUions of dollars.
28
STATISTICS OF INCOME
Corporations suhmitting balance sheets, 1936, by major industrial groups: gross
capital assets, reserves for depreciation and depletion, and net capital assets, for
returns in the aggregate and for those with net income and with no net income
[Millions of dollars]
Industrial groups
Gross
capital
assets 2
Reserve
for
deprecia-
tion and
depletion
(except
on land)
Net
capital
assets 3
Returns with net income '
Gross
capital
assets 2
Reserves
for
.'eprecia-
tion and
depletion
(except
on land)
Net
capital
assets >
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and
nonalcoholic)
Tobacco products
Textile mill products
Clothing and apparel
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products -.
Printing, publishing, and allied in-
dustries
Chemicals and allied products
Petroleum and other mineral oil
products
Stone, clay, and glass products
Metal and its products
Motor vehicles, complete or parts
Manufacturing not elsewhere classi-
fied ._.
Total manufacturing. _ _
Construction
Transportation and other public utilities.
Trade
Service— Professional, amusements, hotels,
etc
Finance— Banking, insurance, real estate,
holding companies, stock and bond
brokers, etc
Nature of business not given
Grand total
1,560
3,592
711
158
2,999
220
292
451
1,687
1,725
1,222
2,387
6,801
1,660
10, 608
1,718
767
36, 999
855
55, 775
5,610
10, 176
11,845
30
132, 697
346
1,214
5,850
787
5, 563
232
2,500
1,429
186
76
1,445
92
135
217
596
736
544
1,017
3,397
686
4, 637
2,163
525
82
1,553
129
157
234
1,091
990
678
1,370
3,404
975
5,971
929
439
2.900
563
148
2,196
178
227
381
993
1,345
956
2,157
5,603
1,289
7,847
1,613
16, 309
361
8,102
1,995
1,607
15
493
47, 673
3,615
10, 238
15
97, 873
453
34, 069
4,197
3,004
5,112
19
1,159
154
71
1,064
74
106
185
357
569
410
931
2,814
547
3,429
736
245
12, 854
206
5,726
1,517
812
832
12
82, 190 24, 692
555
3,063
1,740
408
77
1,131
104
121
196
636
775
546
1,226
2,789
742
4,417
878
344
16, 132
247
28, 342
2,681
4,280
7
57, 498
STATISTICS OF INCOME
29
•Corporations submitting balance sheets, 1936, by major industrial groups: gross
capital assets, reserves for depreciation and depletion, and net capital assets, for
returns in the aggregate and for those with net income and with no net income —
Continued
[Millions of dollars]
Industrial groups
Returns with no net income •
Gross
capital
assets 2
Reserves
for
deprecia-
tion and
depletion
(except
on land)
Net
capital
assets •■
Agriculture and related industries .
Mining and quarrying
773
4,284
114
1,497
659
2,787
Manufacturing:
Food and kindred products
Liquors and beverages (alcoholic and nonalcoholic) .
Tobacco products
Textile mill products - -
Clothing and apparel
Leather and its manufactures.
Rubber products. -
Forest products
Paper, pulp, and products ..
Printing, publishing, and allied industries
Chemicals and allied products
Petroleum and other mineral oil products
Stone, clav, and ilass products.
Metal and its products
Motor vehicles, complete or parts
Manufacturing not elsewhere classified
Total manufacturin?.
•Con^jtruction
Transportation and other public utilities.
Trade-
Service— Professional, amusements, hotels, etc
Finance— Banking , insurance , real estate, holding companies, stock and
bond brokers, etc
Nature of business not given
Grand total.
692
149
10
803
42
65
69
694
381
266
229
1,199
372
2,762
105
178
8,014
269
32
6
381
17
29
32
239
166
134
86
583
139
1,208
53
83
3, 45P
401
21, 706
1,412
7,172
6,733
11
155
2, 376
478
1,279
775
3
10, 133
423
117
5
422
25
36
38
455
215
132
144
616
233
1,554
52
94
4,559
247
19,330
934
5,893
5,958
8
40, 376
1 See footnote 2, p. 26. .
2 Includes (1) depreciable and depletable assets (buildings, machinery and equipment, furniture and
fixtures, delivery equipment, and natural resources) and (2) land.
3 Net capital assets are also tabulated in text table on p. 25 and in basic tables 4, 5, and 6.
114338—39-
30 STATISTICS OF INCOME
ASSETS AND LIABILITIES, COMPILED RECEIPTS AND COMPILED DEDUCTIONS BY^
TOTAL ASSETS CLASSES
For corporations submitting balance sheets, classified by total
assets classes, the following table shows for all returns and for returns
with net income and with no net income, the number of returns,
total assets as of December 31, 1936, or the close of the fiscal year
nearest thereto, total compiled receipts, compiled net profit or net
loss, and net income or deficit. In basic table 5 there is shown, in
addition, the principal assets and liabilities and the principal items of
compiled receipts and compiled deductions. In basic table 6 selected
items of the same character are presented for corporations submitting
balance sheets, further classified by major industrial groups.
These data are compiled from 415,654 returns filed by corporations
that submitted balance sheets. The difference between this number
and 478,857 active corporations represents returns of corporations^
that did not submit balance sheets, or for which balance sheet data
were fragmentary. In connection with the classification of corpora-
tion data by size of total assets, attention is directed to the fact that
the balance sheet form Schedule L of the corporation income tax
return (facsimile on p. 204) provides that reserves for depreciation and
depletion of capital assets be deducted from the gross amount of
capital assets and also that reserves for bad debts be deducted from
the gross amount of accounts receivable. The "total assets" classi-
fication is based on the net amount of the assets remaining after
deducting deficit, if any, from the sum of the asset items or the sum
of the liability items reported on the balance sheet of the return. For
a descriptive statement of assets and liabilities, see pages 25, 27, and
of compiled receipts and compiled deductions, see pages 22-23.
In connection with the data in the following table attention is
called to the fact that the net income or deficit and the classifications
of the returns with net income and with no net income are not strictly
comparable with similar items and classifications for prior years.
The major changes contained in the provisions of the Revenue Act of
1936, affecting the tabulated data for corporations, are described in
the section of this report entitled "Revenue acts under which returns
are filed," pages 2-3, and are summarized in the section of this report
entitled "Revenue Acts of 1913-1936 and certain tax provisions of the
National Industrial Recovery Act (1933); also the special excise tax
under the Act of August 5, 1909," pages 195-200.
STATISTICS OF INCOME
31
Corporations submitting balance sheets, 1936, by total assets classes: number of returns,
total assets, total compiled receipts, compiled net profit or net loss, and net income
or deficit, for returns in the aggregate and for those with net income and withjio
net income
[Total assets classes and money figures in thousands of dollars]
Total assets classes '
Number of
returns
Total as-
sets '—Total
liabilities
Total com-
piled re-
ceipts '
Compiled
net profit
or net loss ^
Net income,
or deficit * '
Under 50
50-100
100-2.=i0
250-500
500-1,000 -.-.
1,000-5,000
5,000-10,000
10,000-50,000
50,00n-100,000___.
100,000 and over.
Total
227,313
59, 528
58, 442
28, 342
17,941
IS, 277
2,719
2,311
355
396
415, 654
4, 150, 832
4, 232, 836
9, 229, 477
e, 995, 007
12, 559, 815
37. 955, 254
18, 967. 065
47. 405, 401
24, 294, 906
134, 389, 129
303, 179, 724
10, 325, 373
7, 155, 528
II 394, 375
9, 184, 784
9, 213. £01
20. 544. 945
8, 352. 226
17, 174, 485
7. 201, 084
25, 723, 048
126, 269, 346
5 101,447
56,366
225, 413
282, 625
364, 053
1. 167, 033
604, 589
1, 527, 951
775, 486
2, 716, 037
7, 618, 104
Returns with net income *
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000.
5,000-10,000
10,000-50,000-.-.
50,000-100,000---
100,000 and over
Total
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000-.-
50,000-100,000--.
100,000 and over
Total
81.716
30. 275
32. 519
16, 937
11,260
11,835
1,833
1,617
268
293
188, 553
1, 768, 964
2. 163, 697
5. 169. 539
6, 002, 520
7, 896, 956
24, 713, 140
12, 802, 744
33, 569, 961
18, 278, 983
87, 229, 166
199, 595, 670
5, 433, 082
5,014,535
8, 734, 542
7, 406, 932
7, 620, 435
17, 252, 342
7. 086, 804
14. 648, 050
6, 454, 123
20, 702, 475
100, 353, 320
154,511
160, 726
384. 040
411 207
512, 677
1, 491. 072
725. 531
1, 798, 840
864, 391
2, 844, 762
9, 347, 758
Returns with no net income *
145, 627
29. 253
25. 923
11.405
6.681
6,442
886
694
87
103
381, 869
069, 139
059. 938
992. 487
662, 859
242,115
164.321
835, 441
015, 923
159, 963
103, 584, 053
4, 892. 291
2, 140. 994
2. 659. 830
1, 777. 852
1. 593. 066
3, 292, 603
1, 265, 422
2. 526. 435
746. 960
5, 020, 573
25, 916, 026
5 255, 958
5 104. 360
5 158, 628
« 128. 582
5 148, 624
5 324. 040
» 120, 942
5 270. 889
5 88, 906
» 128, 725
i 1, 729, 663
5 101, 990.
55, 821-
223, 695
275, 836"
351,514
1,118, 078.
5S0, 306
1,464,017
747. 684
2, 462, 955
7, 177, 915
154. 148
ICO, 216
382,818
406,918
504. 255
1. 459, 059
709, 831
1, 760, 239
841, 743
2, 722, 716
9, 101, 973
5 256, 138
5 104, 395
5 1.59. 153
5 131,082
» 152, 742
» 340, 982
« 129, 525
» 296. 222
5 94, 059
5 259, 761
1, 924, 058
' See footnote 3, p. 26.
» See footnote 6, p. 24.
' Compiled net profit or loss is the difference between total compiled receipts and total compiled de-
ductions.
< The classification of returns into those "with net income" and "with no net income" is based on the net
income for income tax computation (item 29, p. 2 of the return) . Unlike former years, net income for income
tax computation includes dividends received on stock of domestic corporations subject to ta.xation under
Title 1 of the etTective revenue acts (item 12(a), p. 2 of return) and interest received on certain Government
obligations, which is subject to excess-profits tax (item 8. p. 2 of return), and excludes contributions or gifts
(limited to 5 percent of net income before deduction of contributions or gifts) and excess-profits tax (item 28,
p. 2 of return). The amount of "net income" or "deficit" represents the net income for excess-profits tax
computation (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned dividends
received and interest received on certain Government obligations, and excludes the above-mentioned
contributions or gifts. The amount of "net income" or "deficit" in the table equals the difference between
"total income" and "total deductions" (items 14 and 26, respectively, p. 2 of return)
• Compiled net loss or deficit.
32 STATISTICS OF INCOME
CONSOLIDATED RETURNS OF RAILROADS
Under the Revenue Acts of 1934 and 1936, steam and electric rail-
road corporations are permitted to file consolidated returns for income
tax purposes. According to the provisions of the Revenue Act of 1934
the income tax rate for consolidated returns is 15% percent, but
according to the provisions of the Revenue Act of 1936, for returns
with year ended December 31, 1936, and thereafter, the rate is
changed to the graduated normal tax and surtax on undistributed
profits, corresponding to tax rates for corporations not filing con-
solidated returns. The Revenue Act of 1936 extends the privilege of
filing consolidated returns to street, suburban, and interurban electric
railways.
According to section 141 (d) of the Revenue Act of 1936, an affiliated
group, which has the privilege of filing a consolidated return, means
one or more chains of corporations connected through stock ownership
with a common parent corporation if — (1) at least 95 percent of the
stock of each of the corporations (except the common parent cor-
poration) is owned directly by one or more of the other corporations;
and (2) the common parent corporation owns directly at least 95
percent of the stock of at least one of the other corporations; and (3)
each of the corporations is either (A) a corporation whose principal
business is that of a common carrier by railroad or (B) a corporation
the assets of which consist principally of stock in such corporations
and which does not itself operate a business other than that of a
common carrier by railroad. The term "common carrier by railroad"
includes steam and electric railroads, street, suburban, and intenu'ban
electric railways, but excludes express, refrigerator, and sleeping car
companies. Thus, the consolidated returns do not include hotels,
coal mines, and other extraneous corporations which are owned by
railroads, since under the law, separate returns must be filed for each
of these corporations.
The number of consolidated returns for 1936 is 98, of which 35
show net income amounting to $114,616,836, while 63 show a deficit
of $159,123,317. In the first following table there appears, for the
98 consolidated returns, a summary of compiled receipts and compiled
deductions, compiled net profi.t or net loss, net income or deficit,
normal tax, siu'tax on imdistributed profits, total tax, compiled net
profit less total tax, and dividends paid, for the returns with net in-
come and with no net income. Items of assets and liabilities are
shown in the second following table for the 95 consolidated returns
with balance sheets. For descriptive statements of compiled receipts,
compiled deductions, assets and liabilities, see pages 22-27.
In connection with the data in the two following tables attention is
called to the fact that the items contributions or gifts, compiled
deductions, compiled net profit or loss, net income or deficit and tax
and the classifications of the returns with net income and with no net
income for 1936 are not strictly comparable with similar items and
classifications for prior years. The major changes contained in the
provisions of the Revenue Act of 1936, affecting the tabulated data for
corporations, are described in the section of this report entitled
"Revenue Acts imder which returns are filed," pages 2-3, and are
summarized in the section of this report entitled "Revenue Acts of
1913-1936 and certain tax provisions of the National Industrial Re-
STATISTICS OF INCOME
33
coverv Act (1933); also the special excise tax under the Act of August
5, 1909/' pages 195-200.
The consolidated returns of railroads, which are all calendar year
returns, are included in the text tables (except those for fiscal year
and part-year returns) and in all the basic tables in this report.
Consolidated returns of railroad corporations, 1936: number of returns, compiled
receipts and compiled deductions, compiled net profit or net loss, net income or
deficit, normal tax, surtax on undistrihuted profits, excess-profits tax, total tax,
and dividends paid, for returns in the aggregate and for those with net income
and with no net income
[Money figures in thousands of dollars]
Number of returns-
Receipts, taxable income:
Gross sales 2
Gross receipts from operations ^
Interest
Rents
Net capital gain
Dividends from domestic corporations *-
Other receipts
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax «
Wholly tax-exempt ^
Total compiled receipts '
Deductions:
Cost of goods sold «
Cost of operations '
Compensation of officers
Rent paid on business property
Bad debts
Interest paid
Taxes paid, other than income and excess-profits taxes '
Contributions or gifts "
Depreciation
Depletion..- - -.
Net capital loss '^
Other deductions
Total compiled deductions '3.
Compiled net profit or net loss ".
Net income or deficit '
Normal tax
Surtax on undistributed proflts-
Excess-profits tax
Total tax-
Compiled net profit less total tax.
Cash dividends paid
Stock dividends paid
Aggregate
3, 520, 346
38, 471
17, 738
1,205
62, 494
8,181
2,179
806
3, 651, 420
, 425, 544
5,157
6,449
2,893
459, 757
230, 705
125
56, 000
145
2,127
506, 219
3, 695, 121
I* 43, 701
i< 44, 506
12, 084
1,677
13, 761
'5 57, 462
96, 903
Returns
with net
income '
1, 505, 337
23,676
5,965
448
44, 832
3,146
2,052
703
1, 586, 159
975, 899
2,006
2,206
403
159, 450
96, 780
112
22, 802
77
11
211,095
1, 470, 839
115, 320
114,617
12,084
1,677
13, 761
101, 558
90, 158
Returns
with no net
income '
63
2, 015, 009
14, 795
11,773
758
17,662
5,035
127
103
2, 065, 261
1, 449, 646
3,151
4,243
2,490
300, 307
133, 926
13
33, 198
68
2,116
295, 125
2, 224, 282
i« 159, 020
» 159, 123
IS 159, 020
6,746
1 The classification of returns into those "with net income" and "with no net Income" is based on the
net income for income tax computation (item 29, p. 2 of the return). Unlike former years, net income for
income tax computation includes dividends received on stock of domestic corporations subject to taxa-
tion under Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest received on certain
Government obligations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes con-
tributions or gifts'dimited to 5 percent of net income before deduction of contributions or gifts) and excess-
profits tax (item 28, p. 2 of return). The amount of "net income" or "deficit" represents the net income
for excess-profits tax computation (item 27, p. 2 of return), which, unlike former years, includes the above-
mentioned dividends received and interest received on certain Government obligations, and excludes the
above-mentioned contributions or gifts. Net income is less than compiled net profit and deficit is greater
than compiled net loss by the amount of wholly tax-exempt interest received on Government obligations.
2 See footnote 1 p. 24. ' See footnote 8, p. 24.
3 See footnote 2, p. 24. '" See footnote 10, p. 24.
* See footnote 3, p. 24. " See footnote 11, p, 24.
» See footnote 4, p. 24. '^ See footnote 12, p. 24.
« See footnote 5, p. 24. " See footnote 13, p. 24.
' See footnote 6, p. 24. '* Compiled net loss or deficit.
• See footnote 7, p. 24. " Compiled net loss plus total tax.
34
STATISTICS OF INCOME
Consolidated returns of railroad corporations submitting balance sheets, 19S6: num-
ber of returns, assets and liabilities as of December SI, 1936, or close of fiscal
year nearest thereto, for returns in the aggregate and for those with net income and
with no net income
[Money figures in thousands of dollars]
Assets and liabilities
Aggregate
Returns
with net
income '
Returns
with no net
income '
Number of returns with balance sheets .. .. .
95
34
61
Assets: '
Cash (in till and deposits in banks) .. .
361,384
205, 954
218,907
1,523
2,354,943
16, 277, 319
571,070
149, 334
49, 393
77, 754
1,342
702, 395
5, 221, 324
102, 225
212, 050
Notes and accounts receivable (less reserve for bad debts)
156, 561
141, 154
Tax-exempt investments— Obligations of States and Territories
or political subdivisions thereof, obligations of instrumentali-
ties of the United States, and obligations of the United States
and its possessions.
182
Investments other than tax-exempt— Stocks, bonds, mortgages,
loans, real estate, etc. . -- - -. ..
1, 652, 548
Capital assets— Land, buildings, equipment, etc., including de-
pletable assets (less reserves for depreciation and depletion)...
Other assets - ...
11,055,995
468, 845
Total assets '.
19, 991, 101
6,303,767
13, 687, 334
Liabilities: »
Notes and accounts payable
1,135,246
9,026,324
1, 588, 476
94, 220
2,285,476
277.412
1,041,026
Bonded debt and mortgages
6, 740, 848
Other liabilities ...
1,311,063
Capital stock:
Preferred
893, 054
5, 103, 258
299, 891
1, 736, 609
593, 161
Common
3, 366, 649
Total capital stock
5,996,312
2. 036, 500
3, 959, 811
Surplus and undivided profits
2, 879, 248
634, 504
1,610,615
457
1, 268, 633
Less deficit ... . .
634, 047
Net surplus
2, 244, 744
1,610,158
634, 585
Totalliabilities.
19,991,101
6, 303, 767
13, 687, 334
' See footnote 2, p, 26.
» See text, pp. 26, 27.
' See footnote 3, p. 26.
FISCAL YEAR RETURNS
Fiscal year returns are filed by corporations whose fiscal year is
other than the calendar year. These returns are included in all basic
tables in this report and in all text tables except those restricted to
part-year returns and to consolidated returns in which categories there
were no fiscal year returns. The tabulations include all fiscal year
returns with year ended in the period July 1936 through June 1937
that were received by the Statistical Section prior to the final tabula-
tion of the Statistics of Income data.
Returns with a fiscal year ended in the period July through Novem-
ber 1936 have income tax data under the provisions of the Revenue
Act of 1934 and excess-profits tax data under the provisions of the
Revenue Act of 1935; returns with a fiscal year ended in the period
January through June 1937 have data relating to the normal tax and
to the surtax on undistributed profits under the provisions of the
Revenue Act of 1936, and excess-profits tax data under the provisions
of the Revenue Acts of 1935 and 1936. For the tabulation of the
data from the returns with a fiscal year ended in the period July
through November 1936 the gross income, deductions, net income, and
STATISTICS OF INCOME
35
deficit have been arbitrarily adjusted to conform to similar items
reported on the returns filed under the Revenue Act of 1936, but the
income tax and excess-profits tax are tabulated as reported.
In the two following tables data are shown separately for the fiscal
year returns with net income and with no net income. In the first
following table the number of returns, net income or deficit, and taxes
are classified by the month in which the fiscal year ended. In the
second following table the number of returns, net income or deficit,
and taxes are classified by the size of the net income or deficit. This
table is divided into three parts, namely. Part I, All fiscal year
returns ; Part II, Returns with fiscal year ended in period July through
November 1936; and Part III, Returns with fiscal year ended in
period January through June 1937.
Fiscal year returns of corporations, 1936, by month in which fiscal year ended: num-
ber of returns, net income or deficit, income tax or normal tax, surtax on xindistrib-
uted profits, and excess-profits tax, for returns with net income and with no net
income
[Money figures in thousands of dollars]
Fiscal year ended
July 1936
August 1936
September 1936
October 1936.. _.
November 1936
January 1937. __
February 1937..
March 1937
April 1937
May 1937
June 1937
Total
Total
number
of returns
5,126
5,665
6,217
5,987
5,652
8,279
5,207
7,036
6,486
6,777
13, 858
76, 290
Returns with net income '
Number
2,158
2,398
2,512
2,600
3,027
4,651
2,284
3,074
2,856
3,245
6,945
35, 750
Net in-
come '
51,
148,
84,
139,
HI.
229,
120,
82,
67,
83,
254,
1, 372, 631
Income
tax or
normal
tax 2
160, 157
Surtax on
undis-
tributed
profits
4,618
960
1,887
2,038
2,733
6,110
18, 346
Excess
profits
tax 3
106
146
96
267
282
346
400
517
486
855
2,146
5,647
Returns with no
net income i
Number
2,968
3,267
3,705
3,387
2,625
3,628
2,923
3,962
3,630
3,532
6,913
40, 540
Deficit »
17, 485
18, 389
31,040
25, 341
27, 857
18, 041
14, 131
20, 615
18,700
17, 585
46, 822
256. 006
1 The classification of returns "with net income" and "with no net income" is based on the amount of
net income for income tax computation (item 29, p. 2 of return). Unlike former years, net income for in-
come tax computation includes dividends received on stock of domestic corporations subject to taxation
under Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest received on certain Gov-
ernment obligations, which is subject to excess-profits tax (item 8. p. 2 of return), and excludes contributions
or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and excess-profits tax
(item 23, p. 2 of return). The amount of "net income" or "deficit" represents the net income for excess-
profits tax computation (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned
dividends received and interest received on certain Government obligations, and excludes the above-
mentioned contributions or gifts. On returns for a year ended in period July through November 1936
the net income or deficit has been arbitrarily adjusted to include the above-mentioned dividends received
and interest received on certain Government obligations. No adjustment was made for the amount of con-
tributions or gifts which was not required to be reported on such returns.
2 Includes the following amounts: income tax of $58,828,704 reported on returns with fiscal year ended in
period July through November 1936; graduated normal tax of $101,039,957, and flat normal tax of $287,847 for
corporations exempt from the graduated rates, reported on returns for fiscal year ended in period January
through June 1937.
s To secure the "net income for income tax computation" according to the provisions of the Revenue Act
of 1936, this amount of excess-profits tax is subtracted from "net income for excess-profits tax computation."
36
STATISTICS OF INCOME
Fiscal year returns of corporations, 1936, by net income and deficit classes: number
of returns, net income or deficit, income tax or normal tax, surtax on undistributed
profits and excess-profits tax, for returns in the aggregate, for returns with fiscal
year ended in periods July through November 1936, and January through June
1937, and for returns with net income and with no net income
[Net income and deficit classes and money figures in thousands of dollars]
PART I. ALL FISCAL YEAR RETURNS
Net income and deficit classes'
Returns with net income i
Number
Net in-
come '
Income
tax or
normal
tax 2
Surtax on
undis-
tributed
profits 3
Excess-
profits
tax*
Returns with no
net income i
Number
Deficit 1
Under 1
1-2
2-3
3-4
4-5
5-10. _..
10-15
15-20
20-25 -
25-50
50-100
100-250
250-500
SOO-1,000
1,000-5,000....
5,000 and over
Total-. ,
11,729
4,239
2,703
1. 796
1,396
4,018
2,120
1,164
891
2,294
1,505
1,101
417
201
155
21
4,328
6,208
6,701
6,274
6,290
28, 863
26, •;30
20, 335
20, 107
81,360
105, 794
171,578
146,378
139, 058
317,679
285, 450
421
601
671
654
663
3,164
2, 916
2,307
2,310
9,713
13, 166
21,666
17, 944
18, 523
36, 990
28, 447
148
186
174
149
147
633
545
410
410
1,421
1,876
2,923
2,184
2,375
3,118
1,647
16
35
42
43
48
232
194
173
157
588
677
854
696
858
812
221
35,750 1.372,631 160,157
18, 346
5,647
21, 684
5,698
3,052
1,912
1,255
3, 066
1,259
612
399
833
431
233
67
22
17
40, 540
7.056
8,219
7,494
6,614
5, 601
21,494
15, 356
10, 635
8,924
29, 048
30, 005
34, 994
23, 148
15, 220
32, 199
256, 005
PART II. RETURNS WITH FISCAL YEAR ENDED IN PERIOD JULY THROUGH
NOVEMBER 1936
Returns with net income '
Returns with no
net income '
Net income and deficit classes •
Number
Net in-
come '
Income
tax
Excess-
profits
tax*
Number
Deficit «
Under 1.-..
4,209
1,435
905
618
468
1,414
754
415
282
841
569
437
190
79
71
8
1,520
2,107
2, 232
2,148
2,095
10,137
9, 251
7,230
6, 325
29, 705
39, 794
68. 574
67. 253
51, 793
142, 218
91, 556
203
282
300
285
279
1, 349
1, 229
960
851
3,852
5, 161
8,558
7, 823
6,660
16, 146
4,891
4
5
6
6
10
37
35
33
24
88
88
114
115
155
155
22
8,143
2,286
1,260
778
503
1,273
530
268
177
378
187
115
32
11
11
2,703
1-2
3,294
2-3 -
3,077
3-4
2,687
4-5-
2,246
5-10
8,981
10-15.
6,496
15-20
4,663
20-25
3,958
25-50 .
13, 280
60-100
13. 163
100-2.50
17. 200
250-500
11.110
500-1,000
7, 689
1,000-5,000.
19, 565
5,000 and over
Total
12,695
533, 938
58,829
897
15, 952
120, 112
For footnotes, see p. 37.
STATISTICS OF INCOME
37
Fiscal year retvrns of corporations, 1936, by net income and deficit classes: number
of returns, net income or deficit, income tax or normal tax, surtax on undistributed
profits and excess-profits tax, for returns in the aggregate, for returns with fiscal
year ended in periods July through November 1936, and January through June
1937, and for returns with net income and with no net income — Continued
[Net income and deficit classes and money figures in thc.osands of dollars]
PART III. RETURNS WITH FISCAL YEAR ENDED IN PERIOD JANUARY THROUGH
JUNE 1937
Net income and deficit classes '
Returns with net income '
Number
Net in-
come '
Normal
tax '
Surtax on
undis-
tributed
profits
Excess-
profits
tax*
Returns with no
income •
Number
Deficit >
Under 1
1-2
2-3..
3-4....
4-5
5-10-
10-15
l,')-20
^0-25
25-50
50-100
100-250
250-500
-500-1,000
1,000-5,000
5,000 and over
Total...
7,5:0
2,804
1,798
1,178
928
2,604
1,306
749
609
1, 4,53
936
664
227
122
84
13
2,808
4,101
4,469
4,126
4,195
18, 726
16, 979
13,105
13, 782
51,655
65, 999
103, 004
79, 125
87, 264
175, 461
193, 894
219
319
371
370
384
1,815
1,688
1,347
1,458
5,860
8,005
13, 108
10,121
11,863
20, 844
23, 556
148
186
174
149
147
633
545
410
410
1,421
1,876
2,923
2,184
2,375
3,118
1,647
13
30
36
38
38
195
159
140
133
500
589
740
581
703
656
199
13, 541
3,412
1,792
1,134
752
1,793
729
344
222
455
244
118
35
11
6
4,353
4,925
4,417
3,927
3,355
12,512
8,859
5,972
4,966
15, 768
16,841
17, 795
12, 038
7,531
12,634
23,055 838,693 101,328
18, 346
4,750
24, 588
135, 893
1 The net income and deficit classes and the classification of returns into those "with net income" and
"with no net income" are based on net income for income tax computation (item 29, p. 2 of return). Un-
like former years, net income for income tax computation includes dividends received on stock of domestic
corporations subject to taxation under Title I of the effective revenue acts (item 12(a), p. 2 of return) and
interest received on certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of
return), and excludes contributions or pifts (limited to 5 percent of net income before deduction of con-
tributions or gifts) and excess-profits tax (item 28, p. 2 of return). The amount of "net income" or "deficit"
represents the net income for excess-profits tax computation (item 27, p. 2 of return), which, unlike former
years, includes the above-mentioned dividends received and interest received on certain Government
obliEations, and excludes the above-raeni ioned contributions or gifts. On returns for a year ended in period
July through November, 1936, the net income or deficit has been arbitrarily adjusted to include the above-
mentioned dividends received and interest received on certain Government obligations. No adjustment
was made for the amount of contributions or gifts which was not required to be reported on such returns.
' See footnote 2, p. 35.
' Reported on returns with fiscal year ended in period January through June 1937.
* See footnote 3, p. 35.
' Includes graduated normal tax of $101,039,9.57, and flat normal tax of $287,847 for corporations exempt
from the graduated rates, reported on returns for fiscal year ended in period January through June 1937.
PART YEAR RETURNS
The returns filed by corporations showing income for less than 12
months represent reorganizations, newly organized businesses, liqui-
dating corporations, and changes from calendar j-ear to fiscal year
basis, or vice versa. These returns are included in all text tables (ex-
cept those for consolidated returns and for fiscal year returns) and in
all basic tables in this report. The part year returns tabulated herein
represent those in which the greater part of the income period was in
1936.
38 STATISTICS OF INCOME
Part year returns of corporations, 19S6
Total number of returns 30, 299"
Returns with net income: ^
Number 8, 906
Net income i $273, 201, 692
Normal tax 2 $34, 324, 983
Surtax on undistributed profits $5, 146, 538
Excess-profits tax $554, 108
Total tax $40, 025, 629
Returns with no net income: '
Number 21, 393
Deficit 1 $142, 727, 614
' See footnote 4, p. 31.
s Includes income tax reported on part year returns with year ended prior to December 31, 1936. and grad-
uated normal tax and flat normal tax (for corporations exempt from the graduated rates) reported on part
year returns with year ended December 31, 1936, and thereafter.
Returns with a part year which began in 1935 have income tax
data under the provisions of the Revenue Act of 1934 and excess-
profits tax data under the Revenue Act of 1935; returns with a part
year which began in 1936 have data reLating to the normal tax and
to the surtax on undistributed profits under the provisions of the
Revenue Act of 1936, and excess-profits tax data under the provisions
of the Revenue Acts of 1935 and 1936. For the tabulation of the
data from the returns with a part year which began in 1935 the net
income and deficit have been arbitrarily adjusted to conform to
similar items reported on the returns filed under the Revenue Act of
1936. but the income tax and excess-profits tax are tabulated as
reported.
FREQUENCY DISTRIBUTION OF CORPORATION RETURNS BY CERTAIN BASIC
CLASSIFICATIONS
This j^ear, for the first time, a series of tables is presented showing
the frequency distribution of the corporation income and excess-
profits tax returns by certain basic classifications. The four text
tables in this section of the report are summary tabulations, the data
being further classified by major industrial groups in basic tables 9-12.
The number of returns represented in the two following tables and
in basic tables 9 and 10, for returns of corporations submitting balance
sheets with total assets of $250,000 and over, vary in slight degree
from the total number of returns tabulated for the general tables
throughout this report (see footnote 1, p. 39). The first following
table show^s the number of returns by total receipts classes, cross clas-
sified by total assets classes and by returns with net income and with
no net income, and basic table 9 presents similar data for each major
industrial group. The second following table shows the number of
returns by net income or deficit classes, cross classified by total
receipts classes and by returns with net income and with no net income
and basic table 10 presents similar data for each major industrial
group.
The total assets classification is based on the net amount of the
assets remaining after deducting deficit, if any, from the sum of the
asset items or the sum of the liability items reported on the balance
sheet of the return.
STATISTICS OF INCOME
39
The total receipts classes are based on either gross sales (item 1,
page 2 of return), or gross receipts from operations (item 4, page 2 of
return), or the sum of both when reported on the return. The former
item is reported when inventories are an income-determining factor
and the latter item is reported when inventories are not an income-
determining factor.
Frequency distribution of corporatiov returns ^ with balance sheets showing total
assets of $250,000 and over, by total receipts classes, cross classified by total assets
classes and by returns with net income and with no net income ^
[Total receipts classes and total assets classes in thousands of dollars]
Total assets classes ♦
Total receipts classes '
Aggregate
250-500
500-
1,000
1,000-5,000
Net
income
No net
income
Net
income
Nonet
income
Ket
income
Nonet
income
Net
income
Nonet
income
No receipts.- .-
6,712
10, 877
3,149
4.834
3,967
2,851
6.644
2 469
1,221
1,042
7,070
9,547
2.664
2. 015
1,112
651
1,346
424
196
170
2, 482
4,019
1,672
3. 089
2,346
1,297
1,653
168
23
4
3,210
4,593
1,092
947
449
209
263
23
6
1,676
2,978
773
966
1,052
986
2.310
398
48
8
1.768
2,552
373
442
295
207
358
54
4
1
1, 952
3,172
542
o52
478
485
2,312
1,473
603
138
1,619
Under 100
2,045
100-250
795
250-500
531
500-750
289
750-1,000
184
1,000-2,500 .
540
2,500-5.000 .
188
5,000-10,000 . . _
66
10,000 and over..
25
Total
43, 766
25, 198
16, 753
10, 792
11, 195
6,354
11,807
6,282
Total assets classes < — Continued
Total receipts classes 3
5,000-10,000
10,000-50,000
50.000-100,000
100,000 and over
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
289
413
46
59
53
50
220
258
273
172
223
236
39
71
61
37
97
61
46
15
221
269
80
30
22
25
130
156
240
444
196
117
56
20
15
13
80
83
57
57
38
14
27
17
7
3
3
10
23
126
19
3
8
4
1
2
1
13
13
23
54
12
9
21
9
5
16
6
11
150
35
Under 100
1
100-250
1
250-500
50(V750 -
2
7.50-1,000
2
1,000-2,500
7
2,500-5.000
2
6,000-10,000
4
10,000 and over
49
Total -
1,833
886
1,617
694
268
87
293
103
1 The number of returns with total assets of $250,000 and under $5,000,000 in this table is 1,377 less than the
total number of such returns shown in basic table 5, pp. 92-9S. Transcript cards containing the data re-
ported on the returns, which were used in the preparation of this table, were not available for 277 returns
with net income and 1,100 returns with no net income.
2 See footnote 2, p. 26.
5 This classification is based on either gross sales where inventories are an income-determinmg factor
(item 1, p. 2 of return) or gross receipts from operations where inventories are not an income-determining
factor (item 4, p. 2 of return), or the sum of both when rei)orted on the return.
* See footnote 3, p. 26.
Note.— For data similar to those in this table, classified bj major industrial ^rcups, see basic table 9,
pp. 139-149.
40
STATISTICS OF INCOME
Frequency distribution of corporation returns ^ with balance sheets showing total
assets of $250,000 and over, by net income or deficit classes, cross classified by
total receipts classes and by returns with net income and with no net income
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit classes '
Aggregate
No receipts
Total receipts classes »
Under 100
100-250
250-500
500-750
Retiuns with net income '
Under 1
2,329
1,804
1,611
1, 560
1,392
5,024
3,539
2,543
2.211
6,918
5,776
4,727
1,981
1,135
991
225
611
395
307
287
292
899
587
400
336
909
666
531
206
130
124
32
1,108
922
843
833
678
2, 253
1,205
680
487
1,031
499
211
76
26
19
6
199
119
125
108
108
418
305
251
225
664
399
172
32
11
10
3
173
160
111
131
119
570
520
390
340
1,132
756
328
68
24
9
3
87
1-2...
92
2-3
95
3-4
76
4-5
78
5-10
310
10-15 . -
317
15-20 . .
302
20-25
297
25-50
994
50-100
830
100-250_
405
250-500
69
600-1,000 ....
18
1,000-5,000 . .
7
5,000 and over
Total...
43, 766
6,712
10, 877
3,149
4,834
3,967
Returns with no net income'
Under 1
4,053
2.100
i; 578
1,261
1.115
3,739
2,286
1,501
1.078
2,782
1,704
1,203
417
192
165
24
1,529
649
488
370
310
1,049
599
376
243
644
353
277
93
47
35
8
1,712
961
695
593
502
1,645
953
569
403
818
396
222
45
17
13
3
268
163
138
102
99
392
270
214
165
429
255
131
25
8
5
214
114
102
83
97
272
193
121
106
316
213
136
30
11
7
120
1-2
71
2-3
50
3-4
47
4-5...
37
5-10
144
10-15
86
15-20
69
20-25
66
25-50 - .
177
60-100
119
100-250
91
250-500_
21
500-1,000^..
11
1,000-5,000
4
6,000 and over
Total
25, 198
7,070
9,547
2,664
2,015
1,112
STATISTICS OF INCOME
41
Frequency distribution of corporation returns^ with balance sheets showing total assets
of $250,000 and over, by net income or deficit classes, cross classified by total receipts
classes and by returns xoith net income and with no net income — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Total receipts classes «— Continued
Net income or deficit classes '
750-1,000
1,000-2,500
2,500-5,000
5,000-10,000
10,000 and
over
Returns with net income '— Continued
Under 1
54
47
38
45
48
198
195
174
167
672
650
437
91
28
6
1
72
57
70
68
57
323
332
277
287
1,224
1,465
1,637
575
161
35
4
19
8
17
8
5
38
61
57
57
225
384
683
509
281
113
4
5
1
4
4
4
11
12
9
12
52
104
239
254
287
214
9
1
1-2
3
2-3
1
3-4
4-5
3
5-10
4
10-15
5
15-20
3
20-25
a
25-50 -
15
50-100 --
23.
100-250
84
250-500
111
500-1,000
169
1,000-5,000 --
454
5,000 and over
16»
Total
2,851
6,644
2,469
1,221
1,04?
Returns with no net income 2— Continued
Under 1
57
45
35
20
22
68
61
46
32
96
84
61
20
5
2
123
74
49
38
36
138
97
86
49
199
188
148
80
26
15
20
14
7
5
10
19
19
16
16
68
57
85
42
26
20
8
7
3
2
2
9
6
4
6
22
18
36
36
16
19
2
2
1-2
2
2
3-4 - .
1
5-10
3
2
15-20
2
25-50
13
21
100-250 - -
16
25
500-1,000 - --
25
45
11
Total
654
1,346
424
196
170
1 See footnote 1, p. 39. » See footnote 1, p. 20. ' See footnote 3, p. 39.
Note.— For data similar to those in this table, classified by major industrial groups, see basic table 10,
pp. 150-166.
42
STATISTICS OF INCOME
The following table shows the number of returns of corporations
submitting balance sheets by net income or deficit classes, cross
classified by total assets classes and by returns with net income and
with no net income, and basic table 11 presents similar data for each
major industrial group:
Frequency distribution of corporation returns with balance sheets, by net income or
deficit classes, cross classified by total assets classes and by returns with net income
and with no net income
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit classes '
Total assets classes '
Aggregate
Under 50
50-100
100-250
250-500
500-1,000
Returns with net income i
"Under 1
65, 993
22, 941
14,001
9.844
7.548
20, 603
10, 557
6,091
4,299
10. 584
6,765
4,976
1.994
1,138
994
225
49, 663
12,919
6, 351
3,729
2,386
4,397
1,206
4.53
214
314
60
21
1
8,618
4,680
3,353
2,416
1.928
5, 050
2,081
860
462
641
143
41
2
5,304
3,488
2, 652
2,124
1.832
6.088
3,719
2,214
1.406
2,702
787
191
6
4
1
1
1,494
1,147
999
886
756
2,506
1,678
1,2.50
1,046
3,027
1,589
506
42
9
2
599
1-2
459
2-3
429
3-4
428
4-5
403
S-10 -
1,527
10-15
972
15-20 .-- ---
655
20-25 -
590
25-50
1,961
50-100
1,897
100-250
1,138
250-500
168
500-1 ,000
29
1,000-5,000
2
5
5,090 and over
Total - -.
188. 553
81.716
30, 275
32, 519
16, 937
11,260
Returns with no net income '
Under 1
125.712
30, 866
16,486
10, 148
6,864
16,029
6,376
3, 399
2,138
4,494
2,320
1,412
451
209
172
25
99, 158
19,732
9,351
5,126
3,087
5, 692
1,651
645
366
538
176
76
14
9
5
1
13, .^.62
5,097
2,801
1,800
1,220
2,711
903
389
225
375
114
48
4
3
1
8,767
3,845
2,687
1,888
1,397
3,703
1,405
780
400
682
263
84
16
5
1
2,492
1,323
938
738
632
2,032
1,076
591
415
746
291
103
21
5
2
999
1-2
528
2-3
412
3-4
338
4-5
297
S-10 ..-
1,016
10-15 ...
746
15-20
486
20-25
369
25-50 -
879
50-100 -
388
100-250
182
250-500....
29
500-1,000--
6
1,000-5,000
5
6,000 and over
1
Total
227, 101
145, 627
29, 253
25, 923
11,405
6,681
STATISTICS OF INCOME
43
Frequency distrihidion of corporation returns with balance sheets, by net income or
deficit classes, cross classified by total assets classes and by returns with net income
and with no net income — Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Total assets classes '—Continued
Net income or deficit classes i
1,000-5,000
5,000-10,000
10,000-
50, 000
50,000-
100,000
100,000
and over
Returns with net income '—Continued
Under 1
298
236
204
238
228
969
839
612
524
1,668
1,918
2,456
1,138
414
92
1
12
8
9
17
12
46
47
33
44
185
229
339
368
321
161
2
5
2
4
5
3
18
14
14
12
83
122
246
229
293
521
46
1-2
2
12-3
3-4
1
4-5
S-10
2
1
10-15
15-20
20-25 _-
1
^5-50
1
11
27
28
36
113
46
2
50-100
0
100-250
11
250-500
12
500-1,000
32
1 000-5,000
97
5,000 and over
129
Total -
11,835
1,833
1,617
268
293
Returns with no net income '- Continued
Under 1
636
304
269
234
218
784
544
448
322
1,069
824
577
145
45
21
2
56
28
13
16
8
67
29
46
23
131
148
180
98
31
11
1
39
8
13
8
5
22
19
13
18
70
101
146
101
70
55
6
2
1
1
I
1-2
2-3 .- -
I
3-4 --
4-5
5-M)__
10-15...
1
3
1
1
15-20
20-25
25-50
3
10
11
8
15
30
1
1
50-100
6
100-2.50
5
250-500
500-1,000
15
20
1,000-5,000
41
5,000 and over.
13
Total... -..-
6,442
886
694
87
103
I See footnote 1, p. 20.
1 See footnote 3, p. 26.
Note.— For data similar to those in this table, classified by major industrial groups, see basic table 11
pp. 167-183.
The following table shows the number of returns by net income or
deficit classes, cross classified by dividends received classes and by
returns vnth net income and with no net income, and basic table 12
presents similar data for each major industrial group for which the
amount of dividends received is over $50,000,000.
The dividends received classes are based on the amount of dividends
received from domestic corporations subject to taxation under Title I
of the effective revenue acts (item 12(a), page 2 of return).
44
STATISTICS OF INCOME
Frequency dishihution of corporatwn returns, hy net income or deficit classes, cros&
classified by dividends received classes and by returns with net income and with
no net income
[Net inc3ine or deficit classes and dividends received classes in thousands cf dollars]
Net income or deficit classes '
Aggre-
gate
No divi-
dends re-
ceived
Dividends received
2 classes
Under 5
5-10
10-15
15-20
20-25
Returns with net income '
Under 1
74, 728
24. 526
14, 767
10, 320
7,864
21.438
10.939
6,302
4,447
10, 959
7,046
5,233
2,107
1.197
1,058
230
70 750
22. 309
13, 164
8,933
6. 683
17,599
8,549
4,708
3.200
7.316
4,163
2,629
856
407
264
27
3.875
2.070
1,506
1,269
1.046
3,088
1,800
1,126
822
2,213
1,440
1,045
394
196
128
13
60
49
61
■K
95
433
197
132
105
337
221
201
84
33
35
1
20
20
16
25
17
172
204
93
67
154
174
146
65
29
26
5
8
2
5
5
9
64
79
128
57
138
111
103
45
32
13
2
4
1-2
2-3.
5
4
3-4
1
4-5
5
5-10
10-15
15-20
20-25
25-50
30
38
61
96.
87
50-100
100-250..
250-500
500-1,000
78
71
33
23
1,000-5,000
16
6,000 and over
Total
203, 161
171,617
22, 031
2,120
1,233
?01
552
Returns with no net income •
Under 1
1-2 -.._
2-3
3-4
4-5
5-10
10-15
15 20-. - ...-
20-25
158, 701
36. 657
19, 342
11.634
7,857
18 064
7,073
3,781
2,392
5,021
2,615
1, 613
500
232
ISR
28
154,407
35,013
18,328
10. !>21
7,317
16. 564
6.340
3, ,339
2,065
4,199
2, 086
1,179
324
128
74
6
4,128
1,563
946
645
484
1,339
633
363
267
625
?57
234
84
36
25
2
82
43
33
36
28
79
44
31
31
65
46
44
15
3
7
1
33
18
15
11
10
31
20
14
7
41
21
30
6
5
7
11
2
2
5
12
7
7
5
25
20
19
5
10
6
1
7
7
3
3
2
9
6
7
6
25-.50
10
50-100
12
100-250
250-500- _. ..
9
8
500-1,000
7
1,000-5,000
6
6,000 and over .
Total
275, 696
262, 293
11,731
588
269
139
102
STATISTICS OF INCOME
45
Frequency distribution of corporation returns, by net income or deficit classes, cross
classified by dividends received classes and by returns with net income and with no
net income — Continued
[Net income or deficit classes and dividends received classes in thousands of dollars]
Net income or deficit
classes '
Dividends received' classes— Continued
25-50
50-100
100-250
250-500
500-1,000
1,000-
5,000
5,000-
10,000
10,000
and < ver
Returns with net income '—Continued
Under 1
9
5
6
9
7
33
51
42
81
544
259
246
106
86
42
8
2
2
14
16
6
15
133
476
248
135
72
58
8
2
5
3
2
1-2
2-3-. -I
3-4
4-5 . --
5-10
5
4
5
4
33
114
472
140
101
96
19
10-15
1
15-20
1
20-25
25-50
4
8
61
221
76
88
18
50-100
2
9
25
121
92
16
100-250
2
2
20
193
44
250-500
1
1
6
31
500-1,000
1 000-5 000
1
5,000 and over
38
Total
1,534
1,186
1,005
477
266
261
39
39
Returns with no net income— Continued i
Under 1
18
7
10
4
7
16
12
10
33
33
41
16
8
7
2
4
3
1
5
3
9
6
7
2
12
24
24
16
9
14
1
8
1
3
1
4
5
2
1
2
7
8
19
14
13
18
5
2
1
1-2
2-3 -
1
3-4
5-10
1
1
1
1
1
15-20
20-25
25-50
2
4
9
9
6
6
1
2"
3
3
2
3
2
2
2
2
60-100
100-250
250-500
500-1,000
4
10
6
1
3
1
1.000-5,000
5,000 and over
Total
231
140
111
. 42
IS
27
5
1 See footnote 1, p. 20.
» See footnote 2, p. 20.
Note— For data similar to those in this table, classified by selected major industrial groups, see basic
table 12, pp. 184-193.
114338— 3S
46
STATISTICS OF INCOME
HISTORICAL SUMMARIES
A resume of the corporation returns showing number of returns,
gross income, net income, deficit, tax, and the items of compiled re-
ceipts, compiled deductions, assets and liabilities is shown in the
following tables. Attention is called to the fact that the amounts of
money in the tables on pages 49-53 are in millions of dollars.
Corporation returns distributed by States and Territories, for the
years 1927 through 1936, showing number of returns, gross income,
net income, deficit, and tax, for returns with net income and wdth no
net income are presented in basic table 8, pages 125-135. Similar data
are shown by major industrial groups for the years 1927 through 1936
in basic table 7, pages 120-124.
The data for 1934-36 are not strictly comparable with those for
prior years as a result of the extensive discontinuance of the priv-
ilege of filing consolidated returns under the Revenue Act of 1934.
(See section of this report entitled "Comparability wdth previous
reports," p. 6.)
Corporations, 1909-36: total number, number with net income and with no net
income, gross income, net income, deficit, net income less deficit, income tax, war-
profits and excess-profits tax, and total tax; also number of inactive corporations '
[Money figures in thousands of dollars]
Number of returns
Gross income
Year
Total
With net
income
With no
net in-
come 3
With no
income
data— In-
active
corpora-
tions 3
Total
Returns with
net income
Returns
with no
net income
1909
262, 490
270, 202
288, 352
305, 336
316, 909
8 299, 445
9 366, 443
341,253
351, 426
317,579
320, 198
345, 595
356, 397
382, 883
398, 933
417, 421
430. 072
455, 320
475,031
495, 892
509, 436
518, 736
516, 404
508, 636
504, 080
528, 898
533, 631
" 530,779
* 52, 498
< 54, 040
* 55, 129
< 61, 116
188, 866
174, 205
190,911
206, 984
232, 079
202, 061
209, 634
203, 233
171,239
212. 535
233, 339
236, 389
252, 334
258. 134
259, 849
258, 783
269, 430
221, 420
175, 898
82, 646
109, 786
145, 101
164, 231
» 203, 161
5 209. 992
5 216. 162
5 233, 223
5 244, 220
128, 043
125, 240
175. 532
134, 269
119,347
115.518
110.564
142.362
185. 158
170. 348
165, 594
181,032
177, 738
197, 186
165, 826
174, 828
186, 591
241,616
283, 806
369, 238
337, 056
324, 703
312, 882
11 275, 696
1910 - - -
1911 ......
1912
1913 --
1914
1915 -
1916
35, 327, 631
84, 693. 239
86, 464, 281
99,918.754
118,205,563
91, 249. 273
100. 920, 515
118,563.663
119.299.494
134. 260, 149
142. 129, 853
144, 398, 352
152, 781, 514
160, 621, 509
136.062.0.50
107,51.5.239
81,083.738
83, 642. 421
100,831,253
113,936,170
132, 277, 933
32, 531, 097
79, 540, 005
79, 706, 659
88,261,006
93, 824, 225
60, 051, 123
80. 331, 6S0
97, 457, 479
97,158,997
113,692,083
118,022,117
115.324,340
s 127, 369, 525
129. 633, 792
8 89, 561, 495
52, 051, 035
31, 707, 9153
46, 7.52, 366
62, 920, 9,54
77, 441, 506
104, 763, 755
2, 796, 534
1917
5, 153, 234
6, 757, 622
11 057,743
1918
1919 . -
1920
24, 381, 338
1921
1922
31, 198, 150
20, 588, 835
21, 106 184
1923
1924
22, 070, 497
1925-
8 20, 588, 068
1926
24 107 736
1927
49, 356
52, 281
53,415
55, 700
56, 700
56, 752
57, 238
59, 094
56, 518
51, 922
29 074, 102
1928
9 25.411,989
1929
30 987 717
1930
46 500 564
1931..
55. 464, 204
1932
49 375 775
1933
36 890 055
1934 .
37, 910, 299
36, 494, 664
27 514 178
1935
1936
See footnotes at end of table.
STATISTICS OF INCOME
47
Corporations, 1909-36: total number, number with net income and with no net
income, gross income, net income, deficit, net income less deficit, income tax, war-
profits and excess-profits tax, and total tax; also number of inactive corporations^ —
Continued
[Money figures in thousands of dollars]
Net income
Deficit
Net income
less deficit
Tax 2
Year
Income tax
War-profits
and excess-
profits tax
Total tax
1909
3, 590, 000
3,761,000
3, 503, 000
4,151,000
4, 714, 000
3, 940, 000
5,310,000
8, 765, 909
10, 730, 360
8,361,511
9,411,418
7, 902, 655
4, 336, 048
6,963,811
8,321,529
7, 586, 652
9,583,684
9,67.3,403
8, 981, 884
10, 617, 741
11,653,886
6. 428, 813
3, 683, 368
2, 153, 113
2, 985, 972
4, 275, 197
5, 164, 723
H 9, 478, 241
3, 590, 000
3, 761, 000
3, 503, 000
4,151,000
4, 714, 000
3, 940, 000
5, 310. 000
8, 109. 005
10. 100, 752
7,671,739
8, 415, 872
5, 873, 231
457, 829
4,770,035
6, 307, 974
5, 362, 726
7,621,056
7, 504, 693
6, 510, 145
8, 226, 617
8, 739, 758
1, 551, 218
» 3, 287, 545
'5,643,574
» 2, 547, 367
94, 170
1,695,949
12 7,326,217
20, 960
33, 512
28, 583
35, 006
43, 128
39, 145
56,994
171, 805
503, 698
6.53, 198
743, 536
636, 508
366,444
775,310
937. 106
881, 550
1,170,331
1, 229, 797
1, 130, 674
1,184,142
1,193,436
711,704
398,994
8 285, 576
416,093
588, 375
710, 156
1' 1, 024, 793
20, 960
33, 512
1910 .--
1911
28, 583
35, 006
1912.
1913 - .
43 128
1914
39 145
1915
56,994
171,805
1916
656, 904
629, 608
689, 772
995, 546
2,029,424
3, 878. 219
2, 193, 776
2,013,555
2, 223, 9l'6
1, 952, 628
2, 168. 710
2,471,739
2,391,124
2,914,128
4, 877, .S95
6, 970, 913
7, 796, 687
5, 533, 339
4, 181, 027
3, 468. 774
12 2,152,024
1917
1,638,748
2, .505, 566
1,431,805
988, 726
335, 132
' 8, 466
2, 142, 446
1918
3, 158, 764
1919 ...
2, 175, 342
1, 625, 235
701,576
1920
1921
1922
783, 776
1923
937, 106
1924
881, 550
1925
1,170,331
1. 229, 797
1, 130, 674
1926
1927..
1928
1. 184, 142
1929.
1,193,436
711 704
1930
1931
398, 994
' 285, 576
1933
10 6, 976
7,673
24, 969
21,613
423,068
596, 048
735, 125
1934
1935
1936
lU, 191, 378
1 Changes in the revenue acts afiecting the comparability of statistical data from income ta.x returns of
corporations are summarized on pp. 195-200: textual discussion appears on pp. 2-3, 6. The period 1909 to
1915 includes, to a limited extent, additions made by audit and delinquent returns filed.
2 Taxes shown for 1909 to 1915 inclusive, are receipts for fiscal year ended .Tune 30, immediately following,
as shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties,
additional assessments, etc.; 1916 and subsequent vears, tax is amount reported on income tax returns,
taxes for 1913 include income tax .$32,456,663; excise tax, .$10,671,077 (act of Aug. 5, 1909).
' Prior to 1927, returns for inactive corporations with no income data were included with returns with no
net income.
* Returns with net income in excess of $5,000 exemption.
5 Returns with net income not in excess of $5,000 exemption or with no net income.
' 1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal Revenue, 1916, p. 26.)
' On net income earned from July 1, to Dec. 31, 1921, reported on fiscal year returns whose accounting
period terminated subsequent to July 1, 1922.
' Revised. J^r revised figures for 19:5, see Statistics of Income for 1935, Part 2, p. 21, footnote 7. For
revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for 1930, see Statistics of
Income for 1931, pp. 32 and 33; and for revised figures for 1932, see Statistics of Income for 1933, p. 37.
' Deficit in excess of net income.
1" Excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act).
'2 For 1936, net income or deficit represents the amount for excess-profits tax computation which, unlike
former years, includes dividends received on stock of domestic corporations subject to taxation under Title I
of the effective revenue acts and interest received on certain Government obligations subject to excess-profits
tax, and excludes contributions or gifts (limited to 5 percent of net income before deduction of contributions
or gifts) .
I' For 1936, includes income tax reported on returns with fiscal year ended July through November 1936
(and returns with part year which began in 1935); graduated normal tax, and flat normal tax for corporations
exempt from the graduated rates, reported on returns for the calendar year 1936 and for fiscal year or part
year ended in period January through June 1937.
1* For 1936 includes surtax on undistributed profits of $144,972,000 on returns for the calendar year 1936
and for fiscal year ended in period January through June 1937.
48
STATISTICS OF INCOME
Corporations, 1933-36, hy net income and deficit classes: number of returns, and net
income or deficit, for returns with net income and with no net income ^
[Net income and deficit classes and money figures in thousands of dollars]
1933
1934
1935
1936 >
Net income classes
Number
of
returns
Net in-
come
Number
of
returns
Net in-
come
Number
of
returns
Net in-
come
Number
of
returns
Net in-
come
Returns with net income
Under 1
52, 278
13. 558
7,481
4,783
3,404
9,143
4, 324
2. 634
1,836
4,245
2,638
1,958
732
3S5
318
69
16, 350
19,559
18, 359
16, 574
15, 239
65, 189
52. 927
45, 569
41,121
149, 596
184.378
302, 402
254, .594
263. 853
636, 480
903, 781
63, 212
17,836
10, 245
6,752
4,986
13, 191
6.553
3,907
2,697
6, 425
4,080
2,946
1,092
599
483
97
20, 568
25, 680
25, 224
23, 469
22, 293
93, 873
80,315
67, 669
60, 512
226, 765
286, 729
457, 010
379,419
424, 504
943, 413
1,137,754
68, 392
19,971
11,995
7,820
5,715
16,014
7,818
4,653
3.280
7,547
4,840
3, 445
1,335
696
597
113
22, 692
28,820
29, 517
27, 097
25, 552
114,074
95, 733
80, 779
73, 201
266, 200
339, 824
532, 638
464, 391
485, 093
1, 166, 034
1,413,077
74, 728
24, 526
14, 767
10, 320
7,864
21,438
10, 939
6, 302
4,447
10, 959
7,046
5,233
2,107
1.197
1,058
230
26, 107
1-2
35, 946
2-3
36. 666
3-4
36, 164
4-5
35, 554
5-10 -
153, 967
10-15
135, 344
15-20
110,144
20-25
100, 175
25-50
388,413
50-100
498, 682
100-250.
813, 120
250-500
738, 865
600-1,000
835, 894
1,000-5,000
2, 145, 833
6,000 and over
3, 387, 367
Total
109, 786
2. 985, 972
145, 101
4, 275, 197
164, 231
5, 164, 723
203, 161
9. 478, 241
1933
1934
1935
1936 2
Deficit classes
Number
of
returns
Deficit
Number
of
returns
Deficit
Number
of
returns
Deficit
Number
of
returns
Deficit
R€
turns with
no net inc
ome
153,615
47, 221
27,048
17, 828
12. 545
31,422
13, 279
7,322
4,759
10, 380
5,629
3,515
1,222
641
514
116
50, 836
68, 283
66, 587
61.917
56, 178
221, 749
162, 142
126, 662
106,110
361, 666
391,925
539, 333
423, 833
443, 104
1,022,415
1, 430, 599
161, 078
44, 376
25, 061
15,708
11,132
26, 9.55
11, 208
6,1.54
4,019
8,915
4,942
3,160
1,002
542
396
55
51,967
64, 010
61, 548
54, 429
49, 794
190, 322
137,118
106, 336
89, 786
311,044
344, 082
489, 854
347, 931
382, 472
833, 724
666, 612
164, 179
43, 106
23, 492
14. 579
10, 093
23, 682
9,636
5,271
3, 406
7,369
3,952
2,466
812
429
356
54
51, 841
62, 247
57, 742
50, 578
45,217
166, 531
117,556
90, 821
76, 081
255, 803
274, .521
373, 603
280,113
293, 646
711,673
560, 801
158, 701
36, 657
19, 342
11,634
7,857
18,064
7,073
3,781
2,392
5,021
2,615
1,613
500
232
186
28
48, 026
1-2
52, 756
2-3
47, 338
3-4
40, 301
35, 147
4-5
5-10
126, 569
86, 156
15-20
65, 485
20-25
53, 389
25-50
174, 769
50-100
180,523
100-250
242, 989
173, 554
500-1,000
159, 977
385, 179
5,000 and over
279. 865
Total
337, 056
57,238
5, 533, 339
324, 703
59,094
4, 181, 027
312,882
56, 518
3, 468, 774
275, 696
51, 922
2, 152, 024
Num ber of returns of
inactive corpora-
tions
• Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarised on pp. 195-200; textual discussion appears on pp. 2-3, 6. Figures for
returns with net income for 1918 and 1920 to 1924, inclusive, and for returns with net income and no-
net income for 1925 to 1930, inclusive, appear in .Statistics of Income for 1930, pp. 49-51. Figures for returns
with net income and with no net income for 1931 and 1932, appear in Statistics of Income for 1934, Part 2^
pp. 36 and 37.
'Sue footnote 1, p. 12.
STATISTICS OF INCOME
49
Corporations 1926-36: number of returns, compiled receipts and compiled deductions,
compiled net profit or net loss, and net income or deficit ^
[Money figures in millions of dollars]
1926
1927
1928
1929
Number of returns
Receipts, taxable income:
Gross sales '
Gross receipts from operations '
Interest
Rents
Net capital gain (sale of stocks, bonds, and
other assets)
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations '
Interest on tax-exempt obligations «
Total compiled receipts '
Deductions:
Cost of goods sold '
Cost of operations '
Compensation of officers "
Rent paid on business property
Interest paid
Taxes paid other than income tax "
Bad debts
Depreciation
Depletion
Net capital loss (sale of stocks, bonds, and
other assets)-.
Other deductions.-
Total compiled deductions
Compiled net profit or net loss
Net income or deficit
1' 455, 320
443,611
456, 021
106, 206
9,332
3,712
(")
(18)
21,373
1,506
500
106, 864
9,420
3.989
(18)
(16)
22,468
1,658
501
112, 436
10, 334
4,476
(18)
(18)
>o 23, 619
1,917
M523
118, 101
28, 598
5.036
2,391
1,315
2,587
2,593
537
144, 899
20 153. 305
161, 158
82, 484
(")
(>»)
(i«)
3,989
1,878
(U)
3,270
571
(ID)
40,927
133,119
83, 487
(")
(>»)
(19)
4,375
2,014
814
3,346
502
(")
41, 692
136. 230
87, 265
(")
3,199
(>»)
4,581
2,203
804
3.597
515
(>')
M 40, 473
91, 076
(19)
3.337
(19)
4,925
2,222
942
3,871
559
(19)
42, 357
20 142, 638
9,510
7,505
6,510
30 10, 667
8,227
11, 870
8,740
Number of returns
Receipts, taxable income:
Gross sales ^
Gross receipts from operations '..
Interest
Rents
Net capital gain (sale of stocks, bonds, and
other assets)
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations *
Interest on tax-exempt obligations «...
Total compiled receipts '
Deductions:
Cost of goods sold '
Cost of operations '
Compensation of officers 'o
Rent paid on business property
Interest paid
Taxes paid other than income tax "
Bad debts
Depreciation
Depletion ._
Net capital loss (sale of stocks, bonds, and
other assets) "
Other deductions
Total compiled deductions
Compiled net profit or net loss...
Net income or deficit .-
459, 704
75, 494
21, 945
4,122
2,251
299
1,436
58,774
(19)
2,698
(19)
4,492
2,231
1,183
4,003
268
1,702
33, 484
108, 834
21 777
21 3, 288
451, 884
20 53, 294
20 19, 584
3,491
1,926
142
1,387
1,260
554
81,638
i« 41, 430
(19)
2,133
(19)
4,043
2,087
1,313
3,693
247
1,705
20 28, 816
85, 467
21 3, 829
2" 5, 644
446, 842
57. 777
18, 982
2.786
1,650
262
1,159
1,026
592
84, 234
43, 626
9,420
1,995
1,422
3.511
2,124
1,249
3,496
246
1,686
16,390
85, 164
21930
21 2, 547
1934
469, 804
74, 309
18, 552
2,696
1.585
243
1,229
2,217
1*659
57, 458
8,670
2,173
1,486
3,422
2,162
1,182
3,362
312
297
17,996
98, 520
20 2, 970
94
For footnotes, see p. 50.
50
STATISTICS OF IXCOME
Corporations 1926-36: number of returns, compiled receipts and compiled deductionsy
compiled net profit or net loss, and net income or deficit ^ — Continued
[Money figures in millions of dollars]
1936
1936
478, 857
Deductions:
Cost of goods sold '
78,023
10,859
2,713
Receipts, taxable income:
100, 586
22,886
2,543
1,518
581
2,677
1,208
280
445
Compensation of officers "
Rent paid on business property
Bad debts
1,530
Gross receipts from operations '
901
Interest - . .. . -
Interest paid
3,081
Rents -
Taxes paid other than income and
excess-profits tax "
Contributions or gifts '^
2,958
Dividends from domestic corpora-
30
tions <
Depreciation...
3,286
Other receipts ..
Depletion
Net capital loss (sale of stocks,
bonds, and other assets) ".
437
Receipts, tax-exempt and taxable in-
come;
142
Interest on Government obligations:
Other deductions.. ... . ...
20, 991
Subject to excess-profits tax ^
\\Tiolly tax exempt '
Total compiled deductions ><
Compiled net profit or net loss '5
Net income "
i
124, 952
Total compiled receipts '
132, 723
7,771
7,326
1 Changes in the revenue acts aflectin? the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 195-200; textual discussion appears on pp. 2-3, 6.
» For 1926 through 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years,
gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deductions."
» For 1926 through 1931, gro.ss receipts from operations other than trading and manufacturing. For 1932
and subsequent years, gross receipts from operations where inventories are not an income-determining
factor. For "cost of operations," see "deductions."
* Dividends received on stock of domestic corporations subject to taxation under title I of the effective
revenue acts (item 12 (a), p. 2 of return).
« For 1936, includes United States savings bonds and Treasury bonds owned in principal amount of over
t5,000. and obligations of instrumentalities of the United States (other than those issued under Federal Farm
Loan .\ct or such act as amended) reported as item 8. p. 2 of return.
' For 1926 through 1935, includes obligations of States and Territories, or political subdivisions thereof,
obligations of instrumentalities of the United States, and obligations of the United States or its possessions.
For 1936, includes obligations of States and Territories or political subdivisions thereof, securities issued
under Federal Farm Loan Act, or such act as amended, obligations of the United States issued on or before
Sept. 1, 1917, Treasury notes, Treasury bills. Treasury certificates of indebtedness, and United States sav-
ings bonds and Treasury bonds owned" in principal amount of ?5,000 or less.
' Excluies nontaxable income other than interest on tax-exempt obligations reported in Schedule M of
the return. For 1936, "dividends received from domestic corporations" are included in taxable income
Instead of in tax-exempt income.
' Includes taxes which are reported in "cost of goods sold."
• Includes taxes which are reported in "cost of operations."
"• Excludes compensation of officers of life insurance companies which file Form 1120L.
•' Excludes taxas tabulated under "cost of goods sold" and "cost of operations."
'> Limited to 5 percent of net income before deduction of contributions or gifts on returns with year ended
Dec. 31, 1936, and thereafter.
" For limitation on amount of loss that may be allowed, see section of this report entitled "Revenue -4.cts
of 1913-36 and certain tax provisions of the National Industrial Recovery .\ct (1933); also special excise tax
under act of Aug. 5, 1909," p. 199, footnote 5(d).
'< For 1936, compiled deductions include contributions or gifts (limited to 5 percent of net income before
deduction of contributions or gifts) on returns with year ended Dec. 31. 1936. and thereafter.
'5 Compiled net profit for 1936 is affected by the inclusion in deductions of contributions or gifts Oimited
to 5 percent of net income before deduction of contributions or gifts) on returns with year ended Dec . 31,
1936, and thereafter.
"For 1936, "netincome"representstheamount for excess-profits tax computation (item 27, p. 2 of return)
which is equal'to the difference between "total income" and "total deductions" (items 14 and 26, respectively,
p. 2 of return). Unlike former years, net inccme includes dividends received on stock of domestic corpora-
tion? subject to taxation under Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest
received on certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of return),
and excludes contributions or gifts Qimited to 5 percent of net income before deduction of contributions or
gift?).
1' Includes in this year returns for inactive corporations.
" Included in "other receipts."
" Included in "other deductions."
>« Revised. For revised figures for 1928. see Statistics of Income for 1930, p. 238, and Statistics of Income for
1935, Part 2, note ' i. p. 24; for revi?ed figure^ for 193i. see Stat istics of Income f ir 1931 . pp. 32 and 33: for re-
vised figures for 1932, see Statistics of Income for 1933, p. 37; and for revised figures for 1934, see Statistics of
Income for 1935, Part 2, note 14, p. 24.
" Compiled net loss or deficit.
STATISTICS OF INCOME
51
Corporations submitting balance sheets 1926-36: number of returns, assets and
liabilHies as of the end of the calendar year or close of fiscal year nearest thereto,
compiled receipts and deductions, compiled net profit or net loss, and net income
or deficit '
[Money figures in millions of dollars]
1926
1927
1928
1929
1930
Number of returns with balance sheets 2
" 359, 449
379, 156
384, 548
398,815
403, 17J
Assets: '
Cash *. .
16,802
23, 552
20, 939
8,694
(«)
97, 523
« 94, 669
16, 851
50, 959
21, 005
9,781
(23)
104, 945
84, 001
21, 952
62, 804
20, 751
10, 116
(23)
109, 931
81, 663
22, 371
66, 810
21,911
10, 338
" 55, 844
116, 446
42, 057
21 012"
Notes and accounts receivable
.59, 675
18,771
10,228
83,80»
120, 994
19, 511
Investments, tax-exempt ' -
Investments other than tax-exempt —
Stocks, bonds, mortgages, loans, real
estate, etc
Capital assets— Land, buildings, equip-
ment, etc.. including depletable assets
(less reserves for depreciation and
depletion)
Other assets
Total assets 5 -
2« 262, 179
287, 542
307, 218
335. 778
334 002^
Liabilities: '
Notes and accounts pavable
24, 042
24 31,801
'< 87, 076
17, 146
67, 517
39, 154
4,557
24, 126
J< 37, 740
2« 93, 274
17. 800
74. 081
45,415
4,893
27, 437
42, 943
93. 950
18, 475
77, 256
52, 069
4,913
29, 453
46, 643
'* 99, 314
19, 738
** 85. 520
60, 699
5,588
26, 87a
50 282'
Bonded debt and mortgages
Other liabilities .
" 95, 568-
19, 117
Capital stock^preferred- .- -.
Capital stock — -common
87,067
24 61 832'
Surplus and undivided profit. .
Less deficit . .
6,734
Totalliabilities
" 262, 179
287, 542
307, 218
335, 778
334 002'
1931
1932
1933
1934
1935
Number of returns with balance sheets '
381, 088
392, 021
388,564
410, 626
415, 205-
Assets: 3
Cash*
15. 880
48, 667
15, 140
10, 667
" 75, 305
»M14,3n3
16.334
296,497
15,917
39. 564
12, 372
11,917
75, 630
108. 553
16, 129
280, 083
15,236
35, 835
13, 597
13, 571
70, 474
104. 958
14,535
19,961
40,529
14,311
19, 084
90, 573
102, 751
14, 097
23, 664
Notes and accoimts receivable
38 690
14 788
Investments, tax-exempt '
21,863
90,16J
100, 480
Investments other than tax-exempt^
Stocks, bonds, mortgages, loans, real
estate, etc
Capital assets— Land, buildings, equip-
ment, etc., including depletable assets
(less reserves for depreciation and
depletion)-- --
Other assets
13, 501
Total assets: '
268, 206
301, 307
303, 15(h
Liabilities: '
Notes and accounts pavable _.
23, 251
48. 101
" 81. 782
a 19, 217
79. 794
51, 976
7,624
20, 562
" 47, 222
" 78, 730
19, 076
78, 413
45, 664
9,584
19, 362
45, 883
75, 384
18, 394
74.088
44, 792
9,696
27, 021
48, 604
84, 096
19, 976
84, 970
48, 986
12,347
25, 332
Bonded debt and mortgages
49, 822-
Other liabilities-
89,066
Capital stock^preferred
19, 533
Capital stock — common
82, 733
Surplus and undivided profit
48,828^
Less deficit
12, 163
Totalliabilities
296, 497
280, 083
268, 206
301, 307
303, 150
For footnotes, see p. 53.
52
STATISTICS OF INCOME
Corporations svhmitting balance sheets 1926-36: number nj returns, assets and lia-
bilities as of the end of the calendar year or close of fiscal year nearest thereto, com-
piled receipts and deductions, compiled net profit or net loss, and net income or
deficit 1 — Continued
[Money figures in millions of dollars]
1936
Number of returns with balance sheet? 2
Assets: s
Cash* -
Notes and accounts receivable. -
Inventories
Tax-exempt investments ^ ..-
Investments other than tax-exempt— Stocks, bonds, mortgages, loans, real estate, etc.
Capital assets— Land, buildings, efjuipment, etc., including depletable assets (less
reserves for depreciation and depletion)
Other assets
Total assets • -.-
Liabilities' '
Notes and accounts payable
Bonded debt and mortgages
Other liabilities -
Capital stock— preferred.
Capital stock— common
Surplus and undivided profits
Less deficit -
Total liabilities - -.. _.
26, 102
40. 219
16, 584
24, 313
86, 208
97, 873
11,882
303, 180
25, 580
47,023
97, 109
18, 591
78, 072
48, 043
11,237
303, 180
Receipts, taxable income:
Gross sales ' __
Gross receipts from operations '
Interest
Rents
Net capital gain (sale of stocks, bonds,
and other assets)
Other receipts
Receipts, tax-exempt income:
Dividends from domestic corporations '_
Interest on tax-exempt obligations "
Total compiled receipts "
Deductions:
Cost of goods sold "
Cost of operations i<
Compensation of officers '*
Rent paid on business property _
Interest paid
Taxes paid other than income tax >'
Bad debts
Depreciation
Depletion
Net capital loss (sale of stocks, bonds, and
other assets) IS
Other deductions
Total compiled deductions
Compiled net profit or net loss
Net income or deficit
73, 783
21, 206
4.024
2,110
284
1,393
1,905
533
105, 238
57, 374
(26)
2,574
(26)
4,369
2,172
1,153
3,933
261
1,539
32, 351
105, 725
2' 2, 925
1932
2« 52, 586
2« 18, 640
3,418
1,813
136
1,356
1,207
545
79, 701
2«40,842
(26)
2,064
(26)
3.906
2,012
1,285
3,624
242
1,538
2< 27, 698
83, 211
2' 3, 511
27 5, 262
1933
56, 961
17, 991
2,713
1,556
253
1,130
962
582
82, 148
42, 981
8,988
1,928
1,376
3,375
2,044
1,213
3,423
243
1,488
82, 787
27 639
" 2. 183
1934
72, 825
17,913
2,640
1,498
233
1,207
2,129
2<650
'< 99, 095
56, 213
8,443
2, 102
1,438
3,339
2,108
1,151
3. 290
303
258
17,412
96, 058
2< 3, 037
258
1935
83, 879
19,003
2,504
1,546
452
1,096
2,917
112,098
65, 062
8,864
2,267
1.489
3,160
2,561
928
3,273
338
179
18, 477
106, 599
5,500
1,883
For footnotes, see p. 63.
STATISTICS OF INCOME
53
Corporations submitting balance sheets 1926-36: mimber of returns, assets and
liabilities as of the end of the calendar year or close of fiscal year nearest thereto,
covi-piled receipts and deductions, compiled net profit or net loss, and net income
or deficit i — Continued
[Money figures in millions of dollars]
1936
1936
Receipts, taxable income:
96. 130
21. 245
2,478
1,410
553
2,573
1,168
273
440
126, 269
Deductions:
Cost of goods sold 13
Cost of operations i*
Compensation of officers "
74, 364
Gross receipts from operations '
10.083
2,604
Rents
Rent paid on business property
Bad debts .. .. .
1,451
Net capital sain
866
Dividends from domestic corpora-
tions ' . . . --
Interest paid . .
2,931
Taxes paid other than income and
excess-profits taxes '^
Contributions or gifts i'
Depreciation
Other receipts ..
2,807
Receipts, tax-exempt and taxable in-
come:
29
3,148
Interest on Government obligations:
Subject to excess-profits tax "i ...
Wholly tax-exempt "
403
Net capital loss (sale of stocks,
hrnds, and other assets)''
123
Other deductions _. -
19. 842
Total compiled deductions "
Compiled net profit or net loss 20
Total compiled receipts i^
118,651
7,618
7,178
I Chanses in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 195-200; textual discussion appears on pp. 2-3, 6. Compiled receipts
and compiled deductions are not available for corporations submitting balance sheets as distinct from all
corporations, for the years 1926 to 1930, inclusive.
s Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
3 See text pp. 25, 27.
* Includes cash in till and deposits In bank.
» See footnotes 4 and 5, p. 24.
6 "Total assets" means the sum of the asset items or the sum of the liability items reported on the balance
sheet of the return less any deficit.
7 For 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years.gross sales
where inventories are an income-determining factor. For "cost of goods sold" see "deductions."
8 For 1931. gross receipts from operations other than trading and manufacturing. For 1932 and subse-
quent years, gross receipts from oiierations where inventories are not an income-determining factor. For
"cost of operations" see "deductions."
• Dividends received on stock of domestic corporations subject to taxation under Title I of the effective
revenue acts.
•" Includes United States savings bonds and Treasury bonds owned in principal amount of over $5,000 and
obligations of instrumentalities of the United States (other than those issued under Federal Farm Loan
Act or Such act as amended) reported as item 8, p. 2 of 1936 return.
II For 1931 through 1935, includes oblisrations of States and Territories, or political subdivisions thereof,
obligations of instrumentalities of the United States, and obligations of the United States or its possessions.
For 1936, includes obligations of States and Territories or political subdivisions thereof, securities issued
under Federal Farm Loan Act, or such Act as amended, obligations of the United States issued on or before
Sept. 1, 1917, Treasury notes. Treasury bills. Treasury certificates of indebtedness, and United States
savings bonds and Treasury bonds owned in principal amount of .$5,000 or less.
>2 Excludes nontaxable income other than interest on tax-exempt obligations. For 1936, "dividends re-
ceived from domestic corporations" are included in taxable income instead of in tax-exempt income.
13 Includes taxes which are reported in "cost of goods sold." For method of tabulation see p. 23.
" Includes taxes which are reported in "cost of operations." For method of tabulation see p. 23.
'5 Excludes compensation of officers of life insurance companies which file Form 1120L.
" Excludes taxes tabulated under "cost of goods sold" and "cost of operations."
1' Limited to 5 percent of net income before deduction of contributions or gifts on returns with year ended
Dec. 31, 1936, and thereafter.
19 For limitation on amount of net capital loss that may be allowed, see section of this report entitled
"Revenue Acts of 1913-1936 and Certain Tax Provisions of the National Industrial Recovery Act (1933);
also special excise tax under Act of Aug. 5, 1909," p. 199. footnote .^(d).
19 For 1936, compiled deductions include contributions or gifts (limited to 5 percent of net mcome before
deduction of contributions or gifts) on returns with vear ended Dec. 31, 1936. and thereafter.
20 Compiled net profit for 1936 is atlected by the inclusion in deductions of contributions or gifts (limited to
5 percent of net income before deduction of contributions or gifts) on returns with year ended Dec. 31, 1936,
and thereafter. o » t \
21 For 1936. "net income" represents the amount for excess-profits tax computation (item 27, p. 2 of return)
which is equal to the difference between "total income" and "total deductions" (items 14 and 26, respec-
tivelv, p. 2 of return). Unlike former vears. net income includes dividends received on stock of domestic
corporations subject to taxation under Title I of the effective revenue acts (item 12(a), p. 2 of return) and
uaterest received on certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of
return) and excludes contributions or gifts (limited to 5 percent of net income before deduction of contri-
butions or gifts).
22 Includes in this year returns for inactive corporations.
23 Included in "other assets." . ,« ,
" Revised For revised fisrures for 1926, see Statistics of Income for 1928, p. 388: for revised figures for
1927, see Statistics of Income for 1931, p. 32: for revised figures for 1929, see Statistics of Income for 1930, p. 28;
for revised fieures for 1930, 1931, and 1932, see Statistics of Income for 1933, p. 37; and for revised figures for
19.34. see Statistics of Income for 1935. Part 2, page 26, footnote 16. . . . , , j
" In this year "investments other than tax-exempt" owned by life insurance companies were included
with "other assets" (see text. p. 27).
25 Included in "other deductions."
2' Compiled net loss or deficit.
54 STATISTICS OF INCOME
PERSONAL HOLDING COMPANY RETURNS
Personal holding company returns, Form 1120H, included in this
report are for the calendar year 1936 and for a fiscal year ended in
the period July 1936 through June 1937. Returns for a fiscal year
ended prior to December 31, 1936, are filed under the provisions of
section 351 of the Revenue Act of 1934, and returns for the calendar
year 1936 and for a fiscal year ended in the period January through
June 1937 are filed under the provisions of section 351 of the Revenue
Act of 1936. (The increased surtax rates contained in section 109 of
the Revenue Act of 1935, approved August 30, 1935, were superseded
by those in section 351 of the Revenue Act of 1936 before their first
effective dates.)
The major change in the provisions of the Revenue Act of 1936,
affecting personal holding company returns of both domestic and
foreign corporations, was an increase in the surtax rate graduated
from 8 percent on the "undistributed adjusted net income" not in
excess of $2,000 to 48 percent on the amount over $1,000,000, in lieu
of a graduated surtax of 30 percent on the "undistributed adjusted
net income" not over $100,000 plus 40 percent of the amount over
$100,000. Personal holding companies are subject to this surtax on
Form 1120H (see facsimile on pp. 217-220) in addition to the corpora-
tion income tax on Form 1120.
_ A personal holding company is defined under the provisions of sec-
tion 351 of the Revenue Act of 1936 as any corporation (including
resident and nonresident foreign corporations as w^ell as domestic
corporations, other than the specifically exempt corporations indi-
cated below), if — (A) 80 percent or more of its gross income for the
taxable year was derived from royalties, dividends, interest, annuities,
and (except in the case of regular dealers in stock or securities) gains
from the sale of stock or securities, and (B) at any time during the
last half of the taxable year more than 50 percent in value of its out-
standing stock was owned, directly or indirectly, by or for not more
than five individuals. In the case of a domestic corporation, gross
income is the same as that defined in sections 22, 204, and 207 of the
Revenue Act of 1936, and in the case of a foreign corporation, whether
resident or nonresident, the gross income is from sources within the
United States, as defined in section 119 of the Revenue Act of 1936.
Corporations specifically exempt from this tax are as follows: (1)
Corporations exempt from income taxation (as listed in section 101
of the Revenue Act of 1936); (2) banks and trust companies incor-
porated under the laws of the United States or of any State or Terri-
tory, a substantial part of the business of which is the receipt of de-
posits and maldng loans and discounts; (3) life insurance companies;
and (4) surety companies.
The term "adjusted net income" means, in the case of a domestic
corporation, the net income for income tax purposes less the sum of
(a) Federal income, war-profits, and excess-profits taxes and foreign
taxes paid or accrued during the taxable year to the extent that they
were not deducted in the computation of the corporate net income,
but not including surtax on personal holding companies; (6) contribu-
tions or gifts to charitable, educational, and other similar organiza-
tions not otherwise allowed as a deduction for income tax purposes,
mcluding, in the case of a corporation organized prior to January 1,
1936, to take over the assets and liabilities of the estate of a decedent,
STATISTICS OF INCOME 55
amounts paid in liquidation of any liability of the corporation based
on the liability of the decedent to make any such contribution or
gift, to the extent such liability of the decedent existed prior to
January 1, 1934; and (c) losses from sales or exchanges of capital assets
which are disallowed as a deduction by section 117(d) of the Revenue
Act of 1936. In the case of a resident or nonresident foreign corpora-
tion filing Form 1120H, the "adjusted net income" means the net
income from sources within the United States (gross income from
sources within the United States as defined in section 119 of the Rev-
enue Act of 1936 less statutory deductions) minus the amount of
deductions enumerated in (a), (6), and (c) above.
The term "undistributed adjusted net income" means the "adjusted
net income" minus the sum of: (a) 20 percent of the excess of the
adjusted net income over the amount of dividends received from per-
sonal holding companies; (b) reasonable amounts used or set aside to
retire indebtedness incurred prior to January 1, 1934; and (c) the
amount of the dividends paid credit allowed by section 27(a) of the
Revenue Act of 1936 for the surtax on undistributed profits, computed
without the benefit of the dividend carry-over provisions in section
27(b) of the Revenue Act of 1936.
The accompanying tables are based on the returns as filed and prior
to revision that may subsequently be made as a result of audit by the
Bureau of Internal Revenue.
The personal holding company returns filed by corporations on
Form 1120H, for the calendar year 1936 and for a fiscal year ended
in the period July 1936 through June 1937, numbered 4,691. The
1,013 returns of personal holding companies which report surtax
liabilitv show adjusted net income of $55,294,720 and dividends paid
of $26^099,642, or 47.2 percent of their adjusted net income. The
undistributed adjusted net income subject to surtax is $17,344,578,
and the surtax liabihty is $3,683,759.
No surtax liability was shown for 3,678 personal holding companies,
which were divided into (a) 2,459 companies with no undistributed
adjusted net income, of which 150 companies reported that each
shareholder included his pro rata share of the adjusted net income of
the corporation on his individual income tax return and 2,309 com-
panies reported dividends distributed to shareholders and other credits
in excess of adjusted net income, and (6) 1,219 companies with no
adjusted net income.
For returns Form 1120H of personal holding companies, (a) with
adjusted net income (divided into returns with surtax liability and
the two types with no surtax liability) and (6) with no adjusted net
income, the following table presents: Number of returns, net income
or deficit on Form 1120, deductions, adjusted net income or loss,
credits, undistributed adjusted net income, and surtax. In each case
the returns w^ere separated into those with net income and with no
net income on Form 1120. All returns with adjusted net income on
Form 1120H showed net income on Form 1120, because of the inclu-
sion of dividends received on stock of domestic corporations, subject
to taxation under Title I of the Revenue Act of 1936, in the net income
subject to income tax. This net income on Form 1120 for years ended
December 31, 1936, and thereafter includes, for the first time, divi-
dends received and the net income of fiscal year returns with year
ended prior to December 31, 1936, was adjusted to include .such
dividends received.
56
STATISTICS OF INCOME
Personal holding companies, 1936: number of returns, net income or deficit on Form
1120, deductions, adjusted net income or loss, credits, undistributed adjusted net
income, and surtax, for returns with adjusted net income and with no adjusted
net income on Form 1120H and for those with net income and with no net income
on Form 1120 ^
[Money figures in thousands of dollars]
All returns Form
n20H
Returns Form 1120H with ad-
justed net income (and also
with net income on Form
1120) 1
Returns Form
1120H with no
adjusted net in-
come
With net
income
on Form
1120'
With no
net in-
come on
Form
1120 >
With un-
distrib-
uted
adjusted
net in-
come and
surtax
liability
With no undistrib-
uted adjusted net
income
With net
income
on Form
1120'
Pro rata
shares re-
ported on
individ-
ual in-
come tax
returns of
share-
holders
Dividends
paid to
share-
holders
and other
credits
exceed
adjusted
net in-
come
With no
net in-
come on
Form
1120'
Number of returns
3,686
310, 021
» 1,005
6 26,611
1,013
64,883
150
9,007
2,309
229, 146
214
6,985
1,005
Net income or deficit on Form
1120 2
« 26, 6U
Deductions (amounts not de-
ducted in computation of net
income on Form 1120):
Federal income, war-prof-
its, and excess-profits
taxes paid or accrued dur-
ing the taxable year 3
Contributions or gifts *
Losses from sale of capital
assets ... -
17,823
1,276
29,310
1,557
117
4
6,762
11
5,919
51
3,432
186
466
1
76
2
9,167
1,192
6,514
1,049
2,271
33
19, 289
319
117
4
6,762
Foreign income taxes paid
or accrued during the tax-
able year.
11
Total -
49,966
6,894
9,588
544
17, 922
21,912
6,894
Adjusted net income or loss
260, 055
8 33, 505
55, 295
8,463
211,224
6 14, 927
6 33, 505
Credits:
20 percent of adjusted net
income in excess of divi-
dends received from per-
sonal holding companies.
48, 887
16,987
255, 696
9,464
2,387
26, 100
39,424
13,049
228, 773
Amount for debt retire-
ments
1,543
2,665
1,550
823
1,543
Dividends paid
2,665
Total
321, 570
4,208
37, 950
281,246
2,374
4,208
Undistributed adjusted net in-
come
' 17, 345
7 3,684
17, 345
3,684
Surtax, Form 1120H
' Classification of returns Form 1120H into those with net income and with no net income on Form 1120
Is based on "net income for income-tax computation," item 29, p. 2 of return. Form 1120. For difference in
this amount and the net income reported on returns. Form 1120. for 1934 and 1935. see footnote 2.
2 Corresponds to item 29, p. 2 of return. Unlike returns for 1934 and 1935, net income or deficit includes
(1) dividends received on stock of domestic corporations subject to taxation under Title I of the effective
revenue act (item 12(a), p. 2 of return), and (2) interest received on certain Government obligations, which
is subject to excess-profits tax (item 8, p. 2 of return), and excludes (1) excess- profits tax paid during the
taxable year (item 28. p. 2 of return), and (2) contributions or gifts, limited to 5 percent of net income
before deduction of contributions or gifts (item 21, p. 2 of return).
' Unlike returns for 1934 and 1935, amount does not include excess-profits tax paid during the taxable
year which was deducted in the computation of net income on Form 1120.
< Unlike returns for 1934 and 1935, amount does not include contributions or gifts deducted in the com-
putation of net income on Form 1120.
» Returns with no adjusted net income and also with no net income on Form 1120.
' Deficit or adjusted net loss.
' Amounts reported on Form 1120H by companies with undistributed adjusted net income and surtax
liability.
STATISTICS OF INCOME
57
It is not possible to determine the amount of the income tax liabiUty
of the individual shareholders on Form 1040 with respect either to
the fro rata shares of the adjusted net income shown on Form 1120H,
which were reported on Form 1040, or to the dividends distributed
by the personal holding companies to the shareholders.
In the tables throughout this report compiled from corporation
income and excess-profits tax returns for 1936, the returns Form 1120
filed by personal holding companies were merged in the various indus-
trial classifications according to the predominant business activity of
the corporation as reported on that form.
The following table shows the number of returns with adjusted net
income distributed by adjusted net income classes:
Personal holding companies with adjusted net income, by adjusted net income classes:
number of returns
•
Number of returns with adjusted
net income
With un-
distributed
adjusted
net income
and surtax
liability
With no undistributed
adjusted net income
Aajusiea net income classes unousanas of aollars;
Pro rata
shares re-
ported on
individual
income tax
returns of
sharehold-
ers
Dividends
paid to
sharehold-
ers and
other cred-
its exceed
adjusted
net income
Under 5 . .
514
96
123
85
74
98
17
6
74
15
26
17
13
3
525
5-10 -
281
10-25 --
471
25-50
349
50-100
305
100-500
310
500-1,000
44
1,000-5,000
2
......
21
5,000 and over - .
3
Total -
1,013
150
2,309
BASIC TABLES
Tables are continued in the following pages exhibiting in greater
detail information from corporation income and excess-profits tax
returns.
SYNOPSIS OF CORPORATION INCOME AND PROFITS TAX RATES
There is also included a synopsis of corporation income and profits
tax rates and credits affecting the comparability of the data in Sta-
tistics of Income in the section of this report entitled "Revenue Acts
of 1913-1936 and certain tax provisions of the National Industrial
Recovery Act (1933); also the special excise tax under the Act of
August 5, 1909," on pages 195-200.
Respectfully,
Guy T. Helvering,
Commissioner oj Internal Revenue.
Hon, John W. Hanes,
Acting Secretary of the Treasury.
BASIC TABLES
CORPORATION INCOME
AND EXCESS-PROFITS TAX RETURNS
69
60
STATISTICS OF INCOME
Table 1. — Corporations, 1936, by States and Territories: number of returns, gross
excess-profits tax and total tax, for returns with net income and
[Money figures in
[For text defining certain items and de
States and Territories
Total
number
of returns
Returns with net income '
Number
Gross in-
come 2
Deduc-
tions 2
Net in-
come I
Normal
tax 3
Alabama...
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Ilawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota...
Tennessee.- -..
Texas
Utah .__.
Vermont
Virginia
Washington. „
West Virginia _ _
Wisconsin
Wyoming
617
209
531
530
999
403
219
224
818
8R6
721
818
150
923
551
227
637
158
541
810
326
047
202
133
372
467
822
394
929
447
647
079
983
827
603
640
701
635
829
591
557
515
212
977
810
219
846
227
490
793
247
Total 530,779
1,618
92
554
1,291
10,258
2,300
3,407
1,598
1, 333
3.456
2,880
533
780
14,708
5, 487
3.551
2.312
2.547
2, 805
1,3,58
2, 653
8,756
7,347
4. 520
1,196
6, 486
1,048
1,940
299
624
7,138
466
34, .546
3,202
743
12, 603
2,318
2.023
10. 824
1,310
1,689
810
2,582
7,170
1,091
507
3,282
3,894
2,246
6,427
553
427,
9,
113
238,
5,007
611
1. 626,
1, 463,
451,
533
860,
261
122
11.910
1, 670
959
678,
947,
898,
297,
1,327
4, 327,
8,508
2, 090
224,
2, 884'
164,
473,
222
159,
2, 730
67
25, 140
1,295
70
7, 267,
1,143
469,
7, 605,
5.56
414
87
860
2.822
232
111
909
883
640
1, 935,
48
402, 257
8, 125
107, 052
235, 060
4, 500, 438
550, 388
1, 482, 926
972, 317
405, 515
492,211
796, 456
214, 343
112,216
11,117,155
1,541,904
909, 704
635, 411
879, 761
835, 721
27,5, 255
1,202,860
3, 976, 700
7, 787, 665
1,966,910
211,965
2, 661, 244
154,353
440, ,504
211,128
148, 346
2, 357, 223
63, 160
22, 449, 266
1,191,911
67, 453
6, 682. 047
1, 062. 421
444. 266
6,931,138
516, 736
391,836
84, 201
807, 292
2, 608, 900
216.289
104. .587
814.233
819. ,344
587. 096
1, 814. 795
45. 430
2.5, 291
916
6,478
13,313
507, 369
60, 733
143, 740
490, 945
46, 287
40, 840
63, 953
47, 421
10, 373
79.3, 017
128, 287
50. 225
42. 674
67. 875
62, 750
22, 357
124, 717
350, 995
720, 735
123, ,540
12, 137
222. 864
10, 609
32. 674
11.789
10,716
373, 429
4,217
,690,816
103, 821
2,680
585. 888
81.217
24.911
674. 798
40,184
22, 920
3,410
.53, 267
213,131
16, .532
6.601
94. 794
63. 898
53. 126
120, 224
2,757
3,123
101
747
1,521
53, 999
7,147
17.368
31.355
5,079
4,071
7,736
4,927
1, 2.59
95. 268
16, 127
6,089
4,990
8,795
7,154
2,338
12, .548
38. 072
96. 602
12, 871
1.439
28. 062
1.230
4.181
920
1,280
34, 611
448
260, 456
13, 7.57
283
70, 094
9.891
2.931
72, 432
4,644
2,875
378
6,755
2,5, 910
1, 7.50
815
12. 134
6. 919
6. 172
14, 861
276
203, 161
104, 763, 755
95, 285, 514
9, 478, 241
1, 024, 793
> The classification of returns "with net income" and "with no net income" is based on the amount of
net income for income tax computation (item 29, p. 2 of retiim) . Unlike former years, net income for income
tax computation includes dividends received on stock of domestic corporations subject to taxation under
Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest received on certain Government
obligations, which is subjsct to excess-profits tax (item 8, p. 2 of return), and excludes contributions or ttifts
limited to 5 percent of net income before deduction of contributions or sjifts) and excess-profits tax (item 28,
p. 2 of return). The amount of "net income" or "deficit" represents the net income for excess-profits
tax computation (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned divi-
dends received and interest received on certain Government obli'rations, and excludes the above-mentioned
contributions or gifts. The amount of "net income" or "deficit" equals the difference between "total
income" and "total deductions" (items 14 and 26, respectively, p. 2 of return) and also between "gross
income" and "deductions" in this table.
STATISTICS OF INCOME
61
income, deductions, net income or deficit, normal tax, surtax on undistributed profits,
with no net income; also number of returns of inactive corporations
thousands of dollars]
scribing returns included, see pp. 1-7]
Returns with net income 1—000.
Returns with no net income '
Number of
returns of
Surtax on
undistrib-
uted profits
Excess-
profits
tax<
Total tax
Number
Gross in-
come 3
Deduc-
tions '
Deficit I
inactive
corpora-
tions
684
225
3,932
1,687
131,826
140, 563
8,736
312
1
Ifi
13
131
89
3,156
3,532
376
28
2
77
57
881
676
38,713
41, 757
3,044
301
3
197
112
1.830
1,051
69, 047
72, 363
3,316
188
4
6,832
1,284
62, 115
11,851
1, 106, 527
1, 209, 303
102, 776
2,890
5
898
310
8,354
3,012
185, 305
204, 568
19, 263
1,151
6
2,267
398
20,033
5,248
574, 765
622, 171
47, 405
564
7
5,553
275
37, 183
1,196
114,951
138, 005
23, 054
430
8
738
113
5,930
1,279
236, 683
244, 555
7,872
206
9
910
278
S,259
4,923
211, 325
235, 429
24, 105
1,487
10
754
247
8,737
2,535
191,617
202, 683
11, 066
306
11
608
56
5,591
253
20, 395
22. 781
2,386
32
12
64
74
1,397
747
35, 490
43, 198
7,707
623
13
18, 473
2,167
115, 908
17, 592
2, 462, 778
2, 664, 981
202, 203
3,623
14
2,763
638
19, 528
5,442
334, 468
361, 394
26, 926
1,622
15
763
169
7,021
3,215
199, 675
218, 321
18, 646
1.461
16
551
114
5,655
2,042
216, 199
228, 312
12,113
283
17
1,465
297
10, 557
2,215
137,846
151. 187
13, 342
396
18
893
300
8,347
3,113
182, 928
204. 594
21, 666
623
19
415
75
2,828
2,038
180, 114
191.932
11,817
414
20
1,726
250
14, 524
2,971
265, 758
298.418
32, 660
702
21
5.029
837
43, 938
11,957
1, 356, 513
1. 479. 165
122, 652
1,334
22
10, 754
1,801
109, 1.58
7,131
774, 621
842, 619
67, 998
1,724
23
1,952
417
15, 241
4,937
500, 172
542, 330
42, 158
1,676
24
217
198
1,854
1,013
58, 018
62, 936
4,918
163
25
2,845
811
31,719
7,356
945, 625
1, 016, 071
70, 446
1,625
26
255
61
1,546
1,428
50, 960
55, 414
4,454
346
27
443
126
4,750
2,074
119,615
130. 372
10, 756
380
28
74
45
1,039
397
16, 426
18. 379
1,953
233
29
208
49
1,538
777
66. 089
72. 098
6,009
46
30
6,925
405
41,941
17, 356
1, 348, 464
1. 474. 082
125, 619
2,153
31
58
36
542
450
14, 212
15. 684
1,472
163
32
31, 140
2,910
294, 505
76, 875
8, 762, 262
9. 353. 701
591, 439
9,562
33
1,312
233
15,302
2,515
173, 374
181.838
8,464
310
34
51
14
349
1,356
36, 035
38. 693
2, 659
504
35
11,387
1,411
82, 892
12, 478
1, 239, 192
1, 333, 422
94,231
1,559
36
964
158
11,013
2,875
272, 346
304, 254
31,908
508
37
589
154
3,674
2,813
180, 964
194, 425
13,461
799
38
10, 052
1,349
83, 833
14, 230
2, 415, 908
2, 574, 065
158, 157
2,775
39
865
158
5,666
1,994
229, 036
238,517
9,481
287
40
669
166
3,709
1,568
86, 290
92, 582
6,292
300
41
42
28
448
1,285
40, 234
42, 566
2,332
420
42
1,113
338
8,206
2,274
161,954
174, 376
12, 422
356
43
3,352
878
30, 140
7,340
536, 298
587, 022
50, 724
1,467
44
210
55
2,015
1,249
59, 133
65, 121
5,988
470
45
149
43
1,007
652
49,914
53, 866
3,953
60
46
2,153
252
14, 539
3,100
216, 083
241,155
25, 072
464
47
799
253
7,971
5,319
279, 851
301. 123
21, 271
2,014
48
973
294
7,439
1,975
150, 628
1.59. 984
9,356
269
49
3,777
669
19, 308
7,177
453, 980
498, 048
44, 068
2,189
50
67
13
357
570
20, 417
22. 246
1,829
124
51
144, 972
21, 613
1, 191, 378
275, 696
27, 514. 178
29, 666, 202
2, 152, 024
51,922
2 "Gross income" and "deductions" correspond to "total income" and "total deductions" (items 14 and 26,
respectively, p. 2 of return) plus, in each instance, "cost of goods sold" and "cost of operations" (items 2
and 5, p. 2 of return). Unlike former years, "gross income" includes interest received on certain Govern-
ment obligations, which is subject to excess-profits tax (item 8. p. 2 of return), and "deductions" include
contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and
exclude dividends received on stock of domestic corporations (item 12 (a), p. 2 of return).
3 Includes the following amounts: Income tax of $59,289,827, reported on returns with fiscal year ended
prior to Dec. 31, 1936 (and returns with part year which began in 1935); graduated normal tax of $930,438,197,
and flat normal tax of $35,064,914 for corporations exempt from the graduated rates, reported on returns
for the calendar year 1936 and for fiscal year or part year ended in period January thr?uso June 1937.
* Corresponds to item 28, p. 2 of return. To secure the "net income for income tax computation" (item
29, p. 2 of return) this amount of excess-profits tax is subtracted from the "net income for excess-profits tax
•computation" (item 27, p. 2 of return).
114338—39-
62
STATISTICS OF INCOME
^ R rs P
'^
CM
CO
^ kO to t-
00
CKO -H
CM
}r
.Sop
^
00
lO
S
rr O O 03
■*
CO
.-1 O CO
Oi
^ .
•c
-o<
00
to CM to
>o
00
'»*' CO r^
^
1°
«5
CM
o>
o
CO
CMr-4
TlT
"«<"
(N
O
t^
lO
t^ CO CO to
CM
CO
t35 ^- .— »
^
00
CM
o
05 o: to •<r
o
-»J*
COl^ CO
o
00
00
t~
•o
rH ..^ t^ CO
00
rt lo 1-:
N
2
'S
CO
in
cm"
_H-
■^'oo CM'trf
cT
^
Oi ^ '^
r-J"
a
CH
e-j
CO
^CM-*
CM
O
C
a
0
a
in
c^
t~
to
rr CO »0 »0
o>
lO
CO 03 00
to
a~
CM
M
05
O -^ O -t}^
to
CO
oco S
o
o
-<f
1--.
o
r^ T-t c:i to
CO
1:^ ^ iO
i^
a
la
Tf*
r-"
^•~
to
co"t-rco"oo
00
00
CM •^" co"
a
to
CO
s
05
1^ CO ^ >o
I-~ Oi 00
C^5
|s
CM
.1^ CM
a>
CM ^
t-
u.
to
a>
lO
CO
lO >OC0 CM
a>
CM
^ CO !>.
CO
3
OJ
00
CO
CM
■^
t^ to CO CO
lO CO I--.
X2
CO
o
to
CO Tj^ c;
CO
OCO 'I'
■*
1
a
3
>o
to
i-<"cm"
CO
oo"
cm"
^
CM
■n
00
CM
^CO-H to
00
■^
r^ o GO
■^
o
CM
coco o
CO
o
COCM Si
to
"J.'S"'
CO
CO
>o
CM CO CO
S25
W a
gal
III
to
CM
03
^_,
CO CO 00 rP
^^
^
t^ to Oi
00
«
00
lO
CM 00 CO CM
o
C-)
CO CO t^
CO
00
05
OO
CM CM -rj-
CM
o
CMJf^ CO
■"'''
co"
■-Trt"
"C-Crt
3 C i
c03-g
a
o
m
t^
to
CO
CM to CO CO
00
CO
tOO 00
CO
CM
CO
O tOi^CM
00
00
OS CM 0>
o
C3„
O
to
to
•^
-* 00 CM 00
o
CO'J" to
CM
« X
t-;
!>."
co"
CM^i-Tco"
co"
in"
cm"o" ■>)<"
>*"
SB
'"'
^
CO
<o
;z;
c
ja
c
t^
t^
-VCO ■«< CO
o
oo
.-1 CM >«<
&
to
t^
o
CM CC 02"0
Ol
•*r
COCM CO
o
p"
T(<
00
CM
I^ ^ o »o
CM
o
CM ^ >-.
•^
CO
.3 <a>
^a
o
in
r^
C0 10 00 05
CO
o
T~<-^ in
CO
C
to
.o
CM OiN
CM
o
Ot^ CO
■*
Jz. O
D
IZ"
CD
rt
lO
t^
CM
i^
-H^ OCM
TK
o
tOQO o>
en
CM
CO
OS
t^
CM CM CM 00
CO
OOCM 00
CM
.— *^
00
a>
CO
CM '3< CO CO
CO
CO
03 rt to
q;i
sa
o
CO
CM COt^^
•«:JH
05
O O 00
ira
to
CM
t^ -<^ -^ CM
CO
rt 00 CM
2 c
■^
to
^COCM
o
CMOO O
CO
c-f
^"
CO"
t-<
^
C5
o
■^
Tt< O CO »0
^^
CO
CO-H rH
o
O
CM
Oi
i*^ Ci CO O
I^
-*
COI^ O
,Q
>o
CO
a>
CM
IO05 00
•^
«oo> t^
to
a
3
cm"
cm"
rt"
rt"
>o
rt"
t-4
■^
to
o
^
CO lO a> CO
o
■*
oo ■<*< ^
to
® 1 to
o
lO
o
CO
CS 05 ^ CO
t^
t~-
CM r^ to
o
cc
,0 GJ fl
P >- fc.
3 o2
p
00
o
rtOSOOO
CO
0103 CM
o
c
oo"
'^
oT
T-r'»3^"i-r
oo"
oo"
Ctf-H ■-<"
'H
o
S3
.o c
"i bBp
S P-
s
3 4^ M
n I/; a>
c
a
T3
03
■§
•3
a
'S
-3"
03
1 1 i' p s
■J '^'5
1 03 ', . w
! p. . « 3
:t3 ;o.2
'03 ' t/j P
o
6
be
p
1-4
cS
"S S? "O
3 > ^
-3 .. "2^
i2 <u-3 .
"P oii 1
-3 o 3 aS
f> "-3 oo
.S-3 fe p-§„
t-Piip^Ss
3 03 c3 rt Q^v^
■StsWO S
C3 O
si
-3^i
3
o
be
is
Sp"
■3 -3
P 2
■" bn
■O -
S P
^ °
«
« tic
a> p
2 a
opt.
— O c
111
3;5 bc
^ tn p
•3 3S
n
a
03
2
P
cS
aj
i-i
3
3
SS3
bi)3 o
i-a i-si
; t«- 1 1 a
aJ 3 'S '^
a
be
P
a
03
3 .
3
O*
■3
P
03
be
a
a
1
"3
o
Eh
o ^u
^ P
^ -ft.
3 a >.
3
"3
^"
3
-3
be o)
53
0-3
■3 a "i
•G§ 2 3
Ui r- « ti O
^l^a-
^<!«§|«-
03 ^_ -P +J
O ."3 ♦J —
O OO
WW
•3 S
^".S-3
■3P p
■ be
bo w"^
..at^'3
o^ <u P
©gas
Ph
<1
C3
fH
N
CO
■* >o«ct>.
GO
O O f-<
CM
STATISTICS OF INCOME
63
^ ^ -H C^ C^ C^
^ f-H C<l ^
CO CO »o
« -i o
1-1 O IN
M IM -H
co>o
^ (N
(O^-
3^
M O
C3 D C3
3
.5 bi.'o tx
c3 a o g
« -5' I g,
5 a o 9
V. M " **
w C -3 ; -
Sing"
o o o ^ o
5
."a
3.SS.
^ 'E. a S,
S d.c=; a
>^ -o
5^
1 00
c3 ^ t^
ft*- g
I :^
-e
•V.2 0
a o t-
be . .&
53 g a
o
o g „•
oj -u =g a o
a.S-^a.S
imo
E-i e
1-1 r-C MM
64
STATISTICS OF INCOME
«j <_,
?5?5 S
o— ■
IMCO
-^
lO
CO
J^
00
o»
coco
COCO
CO
CO
CO
CO
CO
«
"S <D r/i
lO — 1 CO
o>
c<i>o
t^
com
■*
oo
IM
Oi
CO
CO
^
o t> i 2
M
(M
o^
00 >o
CO
■^
•o
c^
o
l^
■^ i> u^-— ^ a
c^
■^
(M
CO
0 " 3 tj &-2
CO CO Tt<
CO
CO ■*
o
CD lO
lO
<M
^
^
Oi
o
t^
0> Oi M
00
<M<M
o
t^
CO
CO
o
s
-^
'"'
Tf lO
a>
00-*
00
o
!N
t>
1—1
o
^
co"
^"co
r^
io"oo
cf
^
CO
^
oo"
^
CO
IM rt
CO
•^<N
n
o
0)
P
a
1
,
C<ICD lO
ei
lOCO
CO
<M 0>
(N
00
"*
lO
05
c^
lO
fl©«
29 S
OC^
IM
^g8
o>
o
t^
00
O
li
■»r CD 00
00
<N(N
■o
00
CO
<3>
lo
CO
•o
OS
a
o-co" t-T
o"
<N-J<-
CD"
.—To"
s
h-T
CD
o
to"
CO
CO
S3
T-t M
lO
82
si
CO
t-
cs
^
00
00
oo
1
a
o"
M --< ■«
o.
Olr-I
;2
OOrf
CO
c^
CI
^
00
o
to
NOO lO
>o
rf>— 1
ir>
00
•o
o
00
(N
■>i<cn
00 00
CO
■V
lO
lO
CO
o
»
a
D
:5
Pi
IH PH
CO
<o
(N
CO
cq-
,J, r/i
i2°S fc
Ol
o>o
Ol
COC^
o
^
IM
o
CO
CO
^
ffi i2»
C^ CO c^
t^ 00
o
t- lO
t>-
CO
CO
■o
o
oSXi
*— '
^ CO
lO
c^ ■>*<
»-H
r-
o
U2b
•H
WG
§.||
t^C<l -s*
«
0(^
t^
CD -<*^
M
■^
^
■^
^
»o
CO
CO(M 00
Tj*
r~io
(N
00 CD
00
Oi
00
C3>
lOira
COlO
o>
OlO
en
s
00
00
00
X " tj
03,2 f^
rH
■M ■*
c<f
im'
CD
(M"
cm"
■C-S-c
3a®
a
M sg
OOOO -I
t^
c3icq
rt
r-f~
^
c-»
o
05
oo
CO
"71"
■3^
00> 1^
t^
>o .-1
t^
cr^o
OS
00
>o
r-
o
CM
00
o
Tt* -^ -^
CO
t^ o
t^
CO CO
t^
a
E X
•^ci'
[.^
■"jfco'
o'
coco
^
U5
oT
^
t^
a
^
1-
r-<(M
(N
IM
>o
CM
CM
a
ja
'
—1 —1 o
CO 00
CO O
o
Ol
oo
t^
CO
^
Oco T-i
r^
OJ-*
"*
•^ r-
1"
Oi
r-
CD
t^
c^
.Ho
t^ CD ■*
t^
■^ CO
00
CO Tt*
o
CO
05
(N
CO
s
a
^a
^8
(nToo" m
■^
oTt-T
co-
CO 00
oT
t~r
o
O
oT
■*"
^
M ^
o
CO -^
oo
C^ 00
00
■Tf
CO
a
(M
Tj«
CM
,
00 CO t^
_,
(N IN
-*
CO w
o
00
cq
Ol
05
o
t-
0«
CC »0 05
CTi
^<3>
CO
f— 1 r-H
o
CO
oo
CO
CO
00
li
COCO 05
Ol
COCO
"-J* CO
(N
00
a>
c^
00
s
co-io oo"
o"
r-To"
^
i--'c<r
oT
Iff
t-^
CO
of
co"
CO
CD O CO
^ o
a>
COC31
■<*<
Tji
t^
t^
■*
Oi
CO C<1
Cl
lot-
oi
rj' t-
00
■"C
CO
t-
o "
"^
■-( rH
IM
CO
co
"
u>
CD CD CO
o
-^
lo
CZ) o
■o
^
O
t^
CO
t^
^
a
mn >a
(M OJ
■»*^
^ -^
Oi
Oi
Ci
o
»o
00
(N
CO
CO 00
lO
o
N
CO
CO
t^
r-t r-H
CO
1-1 o
IM
CO
1—1
Ui
-3< 00 CO
00
OJ O
<M
-<u^
■o
^
^
f.
■<1*
CM
o
"5
o
"^ 1 en
COCO rt
r- lo
-M
t^ CO
-^
c?s
o
r^
ail
a
•* rH
3
00 00
cfco"
CO
CO I^
t-
o
■^
t-"
00
oi
co"
e
is ^
i2c«
1 1 3
1 c-C
' ' 3
a
8
is ^
3
73 1
b-l 1
a ;
■3
o
1 « Q
o »-. -
en a
! 1 2 >
Iflll
flilll
1 1^3
1 ' <s>
c/3 ''S3
is ■a
1^"
St3
U 1
O ]
.£ 1
o
§
a
o
a
ca
1
o
a
1.
3
o
1-.
1
a
M
o
3
-§
a
Ol
D
Ut
o
C 3 £
■aag
lA'^'O 3
^ 0 o""
" 03 O „-
2as3^
o
0 1 <S
» o biO
1 ?l
o "a
§1 E| s;
®S a.2'S-3
^^«a.l3" .
c9 o'^ J2 . m
rr>-- a ,A- a 5*
■^5a-s.Q£~P
d 1
1 i
1
ii
aj.3
■§5
"3 1
3
•a 1
1 ;
a i
o3
IgtHO n
a.a C
ao
(U
■<
(i.
a
P
§
j:3
tS3
o
tR
pmcr
o
(^
E;:9f2 2>
O-H
MCO
■^
uo
CD
i^
00
OS
cs c* c^
COCO
eoco
CO
CO
CO
CO
CO
STATISTICS OF INCOME
65
O >-" c^
r^ 00 05 0 ^H
C^ — 1 c^
o <-c ■*
CO CC «-H lO 00 OS
«0 (N t- OJ r^ .-I
-H O M ^ «)
C^ —I .I
n <N t~ <c •-<
CO 05 CO »0 »0
O ■<*< GO -^ -^
to C^ O CS CO
OJOO i-H
O 00 t^ 00
cote O"*"
OO— 0:0
■JD -^ —I
— ' .-* t^ c^ -
00 ^
tooo O (N
CO ^ c^ t^
»o -^ 03r^
lO to t^ 00
O — . rt c
05 lO f-^
t!< lO lO »0 CO 1-H
CO ^H r- *r^ 03 -^
to o CO mco 00
CQ N t^ a>a> CO
to f^fXj to c^ to
■^ CS CT> Oi
r< to "-H
(M rf
3 o a
is 3 ^
t3 a»
26
as
;;c3.S
a E-g
a. a a
>--5 . C
' - ^ !?
,S ° o -s B S -3 •=
C5 o
•n ^a
■o ^.a
Ci -C
;^ E ?
3 3 ja
a-s
3 O •
fcri 1^ n
O 03 cS
«§ii|2§
«g§§ag-3
ee 2 i-:i fL,
>.» t--^ri
§r|i|i|
<; w S
O C
DO C3 _ w
- o 0? C
S0 03 S «
.aa§a
S ■* o ■"
3 s
a- rr
? a °
WP4 o
P 3 3
— .2 •-
•S'S 3
3kS
to" D. bjo
.H "S to 'i^
„-o-g 3-p
C -Ml c3 o3 ~
' ^' =0- a r
.slip
■d e
S 2
SS OB'S
s 12 s tf "^ ^
y o o) ®*3'3
? C3 .13 3 >-.
is g MOJ2
o u-a == ® g-
as.as 1-^
.2.a«^°3
"Sis o M« !!
tnS « ^
•- a o J;
66
STATISTICS OF INCOME
«> _2
o»o
,_,
ss
T)<
lO CO
t-00
oo
lO to
to
to
CO CO
COCO
tot-
t.
*" © „
lO r*
to
•^Oi
00
o
o o
00 CO
NtO
s ■
°.t OB
o
o
MO
o
lO
rt 00
(NO
to-*
•c i
m
c^
to
TJH
CO
<N
e^
St
ot3£--2
^-
1 =
S|8g
rtCO
05
-^ >o
^
o
o •-<
CO 00
■* to
»-H CO
t^
005
o
to t?l
lO t-
«o
•"
.4_>
MtO
O "^
00
•<«<
00 to
o to
NO
©
Q
o
coo
00
eo-w
2"
00
M 00
NO
.-ICO
«
ro to
00
N 1-1
o
«
(N
p
a>
a
l-i i-H
o
f-« t^
00
00
t- <N
ooo
.-1 ..J*
S..
en CO
fC
lO -^
o
■^
CO C-)
OtI"
M t^
o
o
ot-
IN
(N CO
r-1 (N
t^iO
a
'!^ a)
ii
to <N
co-
i-Tco"
o"
00
O rt
t^co
05C0
^
^^
C) 00
t^
c^
C) —1
CO lO
M
(N
<M
CO
CO (N
'?
o"
cT
co-
a
.Q
05-*
■*
^ N
CO
co
a> CO
eo-H
ost^
p
O-^
to
to
Tt^
O CO
ot^
t^o
«■<«<
o
Tj< TJ1
to
CO
lO ■*
.-(t-
rHtO
(2
B
3
'Z
ta
Oi
to M
r^
Tj* M*
C-)
CO
O 00
cqrt
t-^
"2 H-
CO"
to
o
00 i-i
c^ ^^
CO .-1
e-j
Tf
sal
w c^
0-- o
n o>
■^
occ
o
oo
o> to
■*(N
■«<00
" Tj-
C<« CO
■o
O O
t^>o
00 .-1
OTf
oo
TT
t>.
■*
o ■«■
-«• (N
CO M
03 .K a
■*
M
t^'-STS
3 C <i>
M 3 «
a
l^ t~
o
M* "
o
»
lO .-1
o o
oco
rj t^
2
oo
o
00
oo o
"lO
yt ^
o
c3
r-^
CO
coo
CO
to IN
.-(CO
•*c»
co.-r
t^
cc
■^
o"
oi" oo"
COO
CM-^-
fes
IM —1
^
.-ICO
©
^
a
43
OOM
cc
t~o
>o
00
CO lO
OOO
t-o
'^
OM
to
IC t^
r-
O i--
r-l O
d ,,
f-i t^
rHt>
c5
CO
CO o
o o
lO o
o
ii
t*
wco
r-
>o
oo t^
oo CO
t- »o
ooo
»c
pil
CO
o
t^ lO
C lO
3
IM
^
CO
..H CO
O)
P3
,
O — 1
o
in t~
CO
>o
to t^
CO to
M" t^
C M
oo to
(M
o
00 o
o ^
O to
'Z ®
c^o
a>
f— 1 f— (
»-<
t^
o >o
o o
coco
o' co-
o
CO 00
to
'*^
o" lO-
cTco
00 ^
co r^
co-^
CO
COIN
Ot-
t~* cc
■*
CI
o
00
CO M>
CO ■*
o"
oi
n
IN
-^''
1-1
J2
m N
Tf
■Jf 00
o
CO
CO <N
1^00
oe 00
CMIO
to
00 >o
>o
CO
U3 O
r-co
OiO
oieo
o»
o
o
t-
t^ CO
.-ICO
NO
6
3
■^
to-
u^
o>eo
f
o o
^
C^l lO
00 C<l
Ort
«o
N
t^ o
O"
S8
0!
•S S o
Big
3 o«
a
o ■-I
w
St-
CO
co
lO 05
CO CO
o
c-f
c-r
o"
"I
CO
.-T
b
t>»
ll iil
>- OS
1X3
1 fcfl
Ig 3
s>
O-S 03
oils
ii^
■o a a
^' S o 5 -
|03o§^
s -B, a M c3
•SisaS
;i O 03 Mm
is
1 o
^^ 1 03 is
o§ ;Bg
a^ : 1^
O S 03 P iH
3 O^ t-i 03
=^•■3 2 o fe
3 c3 ^.2 tas
03 a» ® £
n2
i-o
a
C3
1 u
; »
.£-
"5
ca
S "^
3 CD a
£po
2 A 3.
03 S 0)
0.2-®
_» 1
"3 1
3
o
60
3
■a
a
Q a tea
=* :3 m a s
3 "S'S °
••2aS2-a
® a? Sea -a
.-2 3 mS'
«^>^^ -
3
1 C3
a c3
.2.-
O M
§«:§
2i3§
bx).2 o
9&^
T3 bO »
O 0-"
coil's
MCC.2 aa
a
o
&•>
c3 o
is "5
■3
II
C3
p. 1
a ;
O 1
O 1
fcXl 1
S 3
• si
&«^
<"1<1
o
few o
Ftie
g
S&-
o
CO
L^
^
050
^
Cl CO
S
lO to
r- 00
OIO
CD
ebcD
to CO
CO CO
(ori
STATISTICS OF INCOME
67
00 OiO ^
o o •<*< t* t-^
CO Oi o> t^
I-* 1-* CO ■*** Oi
^ ^ O CD 00
w Tj- r- ic o
o? lo oTco c^
lO 05 CO 1-H
T~i y* OO
'tj* O '^ CO C^
CO CC OCft o
»o ^ oc oocs
'^ ^ Tt^ iM r^
lO -^ TP CO 00
1-H Tf< lO 1-H 1-1
CO -^ CO CO
05 -^O -"^^ CO
c^ CO r*
.-H ^ c^ coco
Tf -^ CO t^ CO
.-I .-I coco
(N CO CO b- O
io ^ -* t^ ao
O CO Cfi r-i
1-H h-coi
OOOl t^c^ ^
to O CO ■— ' o
CO ^ o o c^
00 !M CO t^ UO
lO CO lO CO Tt<
•^ O: (M Tf C^
C^ »0 rt
O !M Ci Ol 00
r- <N 'Tj* oi r-^
C3 .-H .-H 00 Cr>
lo oT oT CO 00
lOCO t^ -^ 1-1
00 IM 00 CO
»c o; CO o cN
"^ 00 -^ O CO
C3 05 O Tf CO
Ci" c4" oT Tj^ CO
(M 00 CD Ol -^
t-<N O -^t* (M
(M (N OS ^- CO
O r-t CO -^ CO
t^ CO Tj* CO--'
cot^o-cfci
OOS Oi 0> 00
1— t CS O "0 Ol
00 CO "— I CO 00
o »o o »o t^
cn CD CO
t-cD<-<
04 O CO
o. $
a3
a
o
3Sd Eh
^ p-3
^ 3 O
ill
2 o
CD
03
-o
CO im-3xloJt?2 'S
oo3oa°Sca>-i t-1
Li
I 2®
i I' r/1
> °H
rj 03 3
oil §
•-a
fc- n c cc
3 _ n <»■
1 \is <D
' ' M 03
; la^-
35 1^
i2
■O o! o
S.5-S-
d
5By§
C9
a
.H.d 3 >-
S
03
?-?-a
,-
rS
a a <s ^
.2.2 t'-i'i
3
O
Fh
iS^sso-
3 is.gS'^i
I bow O-C o O
- ® I '3 « . ^^
; g ic'i- a o ;
:> g g " bijg2
5 g « ® 0 35
H fP O
O 3
a
;:; 2: ®
O 03 1/3
>>oa
S =0 >5
« o5
C^ CO-* »C CO
r- 1- 1- 1>- f-
68
STATISTICS OF INCOME
"tog
•2 ?; o
>o eot^oo
05
o
,^
N
TO
00 00 00 00
00
en
o>
05
o>
!s
*" <D r/^
O MC-) »*•
t^
o
CO
t^
t~
t^
T)<
^
® .
?-^0S
•* rt 00
r^
■»J^
r^
•<*<
o>
■^
CM
£1 i
>o ro TO
iO
o
00
O
0^
n o j^'-
m" to
05
1^
1°
t-i n3 o ^
5.2 §2
o ;D cc CO
00
TO
O
o
t^
"oo"
■^
00 CD oocn
TO
IM
>o
55
Ol
CO
OJ
00 •<*- o o
o»
■*
00
OO
«?
a
c^
IM OO-OTO
t^
00
00
00
•^
TO
en
-«> «C 00
t^
00
o
o>
t^
o
ct
>o
r^
a
P
•'"'
p
a> M t-TO
00
o>
t^
TO
o
C-)
TO
CO
.9"
CO r- >ooo
CO
CO
OS
■^
CO
Tf
O
-^
o
O (MC^TO
TO
o
CO
a>
t^
l^
0
si
5"
CO -^^o
^
tsT
o"
tc
lo
^-
t>r
■o
S3
00 M GO
o
M
en
t^
o
-^ (M rH
1— (
lO
TO
1^
cq
o
-^
-^"
'^-
<N
T)< OOTO
TO
TO
00
^
^
o
t^
00
S
t^ o -^ ■<*'
TO
00
05
r^
CO
r* o -^
>o
00
t~
•^
•o
o
00
tf
a
M rr o
ri'
„-
o
o
rt"
^
3
r^
t^
Z
<y> 00 to
^
^
CD
OS
CO
co
CD
«£5
to (N it^
o
t^
TO
i^
00
TO TO ITO
CO
M
(M
cm"
wn
1 1 1 TO
Oi
(M
^
1^
TO
CO
o
1 • 100
o
CD
t^
C-l
CM
CM
o
t 1 1 >o
OS
o
1 1 Ito
lO
W-
e<f
sT
■^
IN
CM
"£'•0X3
3 a ®
M 3p
o
CO CO TO C^
to
00
e-i
C<1
05
O
lO
CO
05 TO i-J
CO
r^
Tt<
Oi
o
CD
O
C3 —
■* -tji M
■^
CV)
■^
■^
o
■o
O
a
rC rC irT
c^
CO
o
cn
00
00
00
o«
c^
■>»<
cn
<i>
Z
a
CO w t^ ci
00
o
00
CD
(N
CM
00
■^
C^ CD TO t^
00
C5
t^
00
TO
a**
»0 t^ Oi
TO
00
o
CO
CO
CM
ca
d
.- ®
11
Oi 00 00
CO
o
CO
Oi
a
CO 1-^ o
o
lO
o
TO
00
00
s
-1 rt (M
■*
o
CM
^^
M
CM
OJ 00 COCD
TO
(M
CO
O
00
05
t^
r^
.9^
CO CO 0000
S
I^
•<f
t^
o
CO t^ ^ ^
o
CO
t~
t^
00
CO
£8
CO t-" CO
o
2"
TT
^
to"
CO
ccJ
rt"
05 00 lO
00
o
a>
I^
o
t^
r^
CO lO CO
00
■o
t^
f-*
•^
TO
o
'^
^
"'
■"^
CD'
X3
O "OTOO
lO
T(>
CD
TO
^
IM
TO
CO
CO Ol 00
>o
CO
O
CO
TP
O
CO
O t^ CO
OJ
o
CO
00
00
a
■W^ CO 00
lO
^-
CO
CO
3
•*
■*
:?
Ui
O t-iOt^
>o
t^
o
^
>o
05
■^
lO
00 o-^r o
CO
TO
CO
o
ais
3 o2
TO rt lO
CO CO c4"
00
O
CO
"
cn
r^
^
-H M
f-
TO
TO
0
ill ill i^
^ iir:^SS.a
2 ' - O : ;3 « 0 £
1 i^:^ i§^-£
^ s
a o
M ho
sa
ill
i
.3
fea
O > I-
X! « ..
>, .9
CJ
o
o
"ce
3
^ 6
a %
-a oT
a
ca
ft
a
o
o
§
a
C3
3
.9
"3
o
1
c
is
3
a
3 ; § D^Sm § =" „-
.9 is,::^! ^-^5
5 a 03 'la m f^ -
■^ o ^ ' 0 ^
II
■3'"
ftoa
a tn
ca M 0
co-|gS
o
03
_n
5 .
03 .S
Eh
3 o^
J ti
.2 1 S':^
is g§
"2-2 3 aJ-
ogggcS
" a a .
8
g
a
«
o
>2 03 O q t^
© 0) O H *^
§5 8513
S^ o
i«
B
0
fc.
•O CO t^op
0000 0000
a»
O
^
M
TO
00
o>
Ol
at
at
STATISTICS OF INCOME
69
t> 3 o 0 o ©
o w » rt a
■ggggo
M S.9 S
Ifl&fga^
^ a c« O a-S "-;ai><2!-5i:fe'*
a— '^o ■t^o^n'^oS^M
oi _3 _ a a q c.-a3 p " 03 b, o iS ft
HJ, -S— :xcC«S•'-
■a 3 o:
8 3?,o-S§'sgi
.>-aa'5-5.S"a
o o
. CO '
'S ® £ S §••§ ""-o'S
^.ft£a|
CO a o w 3
JalloiSaJaawg^^^S.S
t5g§-S«g^|2b.><g?5£a
•Ba£^^i'-^'o2§§tio§a
■S a
.-o.
o§£^So^.§g,£a-;
B a> a *^ o o
£S3aOr
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 '
0
199, 595, 670
103, 584, 053
1,104,391
959, 117
Liabilities: 3
Notes and accounts pavable
10
15, 285, 450
23,024,198
55, 733, 769
13, 159, 784
55, 827, 671
38, 526, 216
1,961,418
10, 294, 545
23, 998, 488
41,375,713
5, 430, 786
22, 243, 948
9,516,614
9, 276, 040
141,351
62, 534
79, 112
26, 340
550, 372
283, 986
39, 305
230, 754
181, 107
98, 595
48, 273
475, 486
158, 790
233, 890
11
Bonded debt and mortgages.
12
Other liabilities..
13
Capital stock, preferred
14
Capital stock, common
15
Surplus and undivided profits...
16
Less deficit
Total Habilities
17
199, 595, 670
103,584,053
1,104,391
959, 117
Receipts, taxable income:
Gross sales 8
18
79, 721, 651
14, 204, 865
1, 459, 332
697, 617
458. 337
2, 405, 360
925. 338
235, 036
245, 785
16,408,164
7, 039, 858
1,018,630
712,049
94, 287
167,358
243, 152
38, 125
194. 404
421,251
58, 346
2,806
7,508
2,340
11,338
7,975
860
282
142, 594
30,074
1,338
4,056
1,242
1.494
3,400
98
87
19
Gross receipts from operations '
20
Interest
21
Rents
22
Net capital gain.
23
24
Dividends from domestic corporations •"
Other receipts ..
25
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax >'
26
Wholly tax-exempt 12
Total compiled receipts '3.
2V
100, 353, 320
25,916,026
512, 706
184, 384
Deductions:
Cost of goods sold '<
28
60, 908, 968
6,113,830
1, 887, 565
1,018,640
473, 287
1,619,791
1, 998, 362
25, 657
2, 253, 149
305, 291
23, 091
14,377,931
13,454,987
3,969,413
716, 128
432, 556
392, 844
1,311,678
808, 748
3,084
894, 582
97, 307
100, 383
5.463,969
288, 092
13, 130
12,161
13,392
2,051
6, 565
12, 963
155
21,575
2,561
262
75, 215
106, 740
15,456
8,210
2,544
3,187
12, 053
8,252
195
10, 492
3,733
2,964
38,947
29
Cost of operations '* .
30
Compensation of officers
31
Rent paid on business property .
32
Bad debts.
33
Interest paid
34
35
Taxes paid, other than income and excess-
profits tax.>«
Contributions or gifts ■'
36
Depreciation
3V
Depletion
38
Net capital loss '« .
39
Other deductions
Total compiled deductions "
40
91,005,562
27, 645, 679
448, 122
212, 773
Compiled net profit or net loss i» (27 less 40) -
Net mcone or deficit' (41 less 26)...
41
42
9, 347, 758
9,101,973
21 1,729,653
21 1,924.058
64, 584
64, 302
21 28, 389
2128,477
Normal tax 20 ___
43
982, 940
141, 154
20, 546
7,482
955
306
44
Surtax on undistributed profits
46
I-xcess-profits tax
46
Total tax
1, 144, 641
8,743
Compiled net profit less total tax (41 less 46)
Cash dividends paid..
47
48
8,203,117
6, 967, 8G0
333, 525
21 1,729,653
194,763
9,533
55,841
53, 668
1,375
21 28, 389
2,789
42
49
Stock dividends paid
For footnotes, see p. 91.
STATISTICS OF INCOME
83
number of returns, assets and liabilities as of Dec. SI, 1936, or close of fiscal
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
net income '
thousands of dollars]
describing returns included, see pp. 1-8, 22-30]
84
STATISTICS OF INCOME
Table 4. — Corporations submitting balance sheets, 19S6, by major industrial groups:
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or
profits tax, total tax and dividends paid, for returns with net income and with no
[Money figures in
Industrial groups— Continued
Manufacturing — Continued
Tobacco products
Textile mill products
Net in-
come
No net
income
Net in-
come
No net
income
1
Number of returns with balance sheets - -
146
188
3,815
3,499
Assets: '
Cash<
2
59, 552
144. 264
462, 832
46, 782
86, 264
76, 975
100, 888
1,815
8,089
9,045
491
1,324
5,288
4,684
194, 102
437, 156
777, 133
110,685
206, 554
1,131,362
84. .343
33, 673
90, 596
179, 756
6,513
54, 682
421, 762
38, 951
3
Notes and accounts receivable (less reserve
for bad debts)
4
Inventories
5
Investments, tax-exempt '
fi
Investments, other than tax-exempt «
7
Capital assets — Land, buildings, equipment fless
depreciation and depletion) .
8
Other assets
9
Total assets '
977, 557
30, 736
2,941,335
825, 932
Liabilities: ^
Notes and accounts pavable
10
49, 887
55,039
55,918
136, 102
419, 888
261, 974
1,251
4, 279
706
751
4,816
12,635
10,710
3,161
402, 251
88. 065
238, 753
326, 891
1, 044, 569
882, 309
41.504
155, 225
82, 481
67, 751
125, 232
374, 839
169, 091
148, 686
11
Bonded debt and mortgages
12
Other liabilities
13
Capital stock, preferred
14
Capital stock, common
15
Surplus and undivided profits
16
Less deficit
17
Total liabilities
977, 557
30, 736
2,941,335
825, 932
Receipts, taxable income:
Gross sales >
18
1,162,848
1,691
890
720
650
8,532
2,907
1,399
267
26, 106
443
8
27
10
8
112
7
11
3,429,646
33, 063
5,077
8,045
2,976
9,300
25,817
1,586
1,689
861,103
16, 979
979
2,880
1,153
707
5,870
87
110
19
Gross receipts from operations '
20
Interest
21
Rents
22
Net capital gain
23
24
Dividends from domestic corporations i"
Other receipts..
25
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax 11
26
Wholly tax-exempt 12
27
1,179,903
26, 733
3, 517, 198
889, 867
Deductions:
Cost of goods sold " .
28
853, 268
1,063
5,153
1,447
1,782
3,846
75, 564
223
6,294
19,996
269
1,260
190
210
127
395
2
356
2, 759, 702
17,335
66, 771
10, 654
5,590
15, 712
40, 476
556
, 75,068
13
394
307, 558
758,311
11, 179
21,403
5,771
2,997
9,912
11,582
74
25, 465
14
299
83, 533
29
Cost of operations 15
30
Compensation of oflicers
31
Rent paid on business property .
32
Bad debts
33
Interest paid
34
Taxes paid, other than income and excess-
profits tax 18
35
Contributions or gifts '"..
36
Depreciation..
37
Depletion
38
Net capital loss 18
15
103, 965
26
4,982
39
Other deductions
40
1,052,619
27,813
3.299,829
930, 542
Compiled net profit or net loss i' (27 less 40)
Net income or deficit i (4 1 less 26)
41
42
127, 284
127,017
21 1,080
21 1,091
217, 369
215, 681
21 40, 675
21 40, 785
1
Normal tax 20 .
43
17, 671
516
69
28, 796
5,330
855
44
Surtax on undistributed profits
45
Excess-profits tax .
Total tax
46
18, 256
34,980
»
Compiled net profit less total tax (41 less 46)
Cash dividends paid
47
48
109,028
107, 164
878
211,080
83
182, 389
125, 329
5,323
» 40, 675
3,464
49
Stock dividends paid
For footnotes, see p. 91.
STATISTICS OF INCOME
85
number of returns, assets and liabilities as of Dec. SI, 1986, or close of fiscal
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
net income i — Continued
thousands of dollars]
Industrial groups— Continued
Manufacturing
—Continued
Clothing and apparel
Leather and its manu-
factures
Eubber products
Forest products
Net in-
come
No net
income
Net income
No net
income
Net in-
come
Nonet
income
Net in-
come
No net
income
3,532
4,004
1,173
1,072
325
237
3,045
3,022
1
63, 874
211,165
235, 422
15, 800
44, 871
103, 979
40, 152
12, 421
49, 224
43, 658
914
7,283
24, 664
7,869
57, 883
152, 582
240, 297
9,642
49, 479
120, 857
31, 663
7,648
30, 357
48, 829
1,765
25, 523
35, 985
8,386
52, 466
155, 458
211, 132
7,516
196, 183
196, 149
77, 210
1,696
26, 042
9,237
617
2,897
37. 795
3,952
61,986
212, 494
268, 442
24,004
150, 001
635, 679
44. 478
22, 285
89,760
119, 062
5,688
115, 455
455, 285
36, 990
2
3
4
5
6
7
8
715, 262
146, 032
662, 404
158. 494
896,115
82, 236
1, 397, 082
844, 525
9
181,143
13, 196
42, 764
79, 266
237, 715
169, 483
8,307
57, 450
6,336
10, 778
12,816
78, 968
11,172
31, 489
108, 030
19, 212
35, 697
75, 790
246, 825
186, 132
9,283
46, 278
15, 033
26, 262
27, 541
68,641
19, 954
45, 215
92, 257
116,459
65, 351
194, 999
236,011
193, 147
2.110
34, 975
4,543
13, 765
17, 168
25, 699
6,837
20, 749
163, 943
81, 663
95, 244
86, 533
521, 710
484, 381
36, 392
159, 325
111,508
106, 556
70, 215
395, 488
167, 682
166, 249
10
11
12
13
14
15
16
715, 262
146, 03?
662, 404
158, 494
896, 115
82, 236
1, 397, 082
844, 525
17
1, 709, 283
14, 070
1,273
1,351
318
1,706
9,642
330
81
467, 674
29, 045
137
354
82
28
1,563
23
45
1, 019, 572
3,272
1,230
992
216
1,464
6,108
82
224
231,311
2.142
542
390
96
359
1,334
14
48
888, 239
2,053
3,787
455
400
3,888
3,883
103
114
49, 562
195
108
93
42
15
275
18
5
1.231.915
16. 113
3,009
3,998
2,984
7,185
9,176
388
396
421, 184
10, 061
1,349
2,049
1,159
954
4,316
53
84
18
19
20
21
22
23
24
25
26
1,738,054
498, 951
1, 033, 160
236, 237
902, 423
50, 312
1, 275, 164
441, 209
27
1,384,850
10,008
53, 840
16, 551
4,850
4,614
9,822
252
7,671
9
148
189, 629
394, 479
23, 778
21,641
8,064
2,170
1,614
1,999
32
2,200
4
269
55,117
835, 605
979
20, 637
6, 065
2,492
3,510
8,455
123
9,557
11
98
95, 364
205, 374
1,540
6,947
1,972
6,026
1,499
1,699
8
2,543
63
85
21,386
628, 207
466
7,915
3,145
2,727
8,170
34, 740
110
18, 035
(22)
55
144, 836
38, 426
87
1,288
403
572
388
1,461
1
2,011
917, 527
8,246
35, 009
5,540
6,616
8,980
18,820
266
29, 243
19, 256
325
139, 375
341, 801
6,664
13, 624
2,816
7,081
8,987
7.798
52
13, 931
8,654
643
59, 536
28
29
30
31
32
33
34
35
36
37
15
7,741
3S
39
1, 682, 245
511,367
982, 893
249, 141
848, 405
52, 393
1, 189, 204
471, 588
40
55, 809
55, 728
21 12,416
2" 12, 462
50, 267
50, 044
21 12, 904
21 12, 952
54, 018
53, 904
21 2, 082
21 2. 087
85, 960
85, 564
21 30, 379
21 30, 463
41
42
7,146
1,222
225
6,608
971
1.33
7,250
1,129
119
10, 604
1,909
547
43
44
45
8,593
7,712
8,498
13,059
46
47, 215
27, 936
3,110
21 12,416
182
74
42, 555
28,838
1,220
21 12, 904
557
1
45, 521
40, 047
618
212.082
245
72, 900
57, 741
3,345
21 30, 379
3,905
199
47
48
49
86
STATISTICS OF INCOME
Table 4. — Corporations submitting balance sheets, 19S6, by major industrial groups:
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or
profits tax, total tax and dividends paid, for returns with net income and with no
[Money figures in
Industrial groups— Continued
Manufacturing— Continued
Paper, pulp, and
products
Printing, publishing,
and allied industries
Net income
Nonet
income
Net income
No net
income
1
Number of returns with balance sheets 2
1,398
788
5,199
5,957
Assets: 3
Cash<
?
98,613
187, 670
219, 428
41,090
201,013
775, 336
55, 279
11,967
84, 532
46, 169
1,555
221,473
214, 540
21,859
126, 448
394, 847
134, 693
90, 917
285, 363
546, 044
416,392
14, 944
71,681
35, 103
2.127
30. 380
131.862
103, 962
3
4
Notes and accounts receivable (less reserve
for bad debts).
Inventories
.S
Investments, tax-exempt*
6
Investments, other than tax-exempt 6 .
7
8
Capital assets— Land, buildings, equipment
(less depreciation and depletion).
Other assets
9
Total assets '
1, 578, 429
602,095
1. 994, 705
390, 058
Liabilities: 3
Notes and accounts pavable
10
119,440
176, 585
78, 519
237, 628
580, 562
398, 233
12, 538
81,664
90, 956
114,424
162, 882
167, 926
51, 777
67, 535
194, 379
149, 909
139, 567
164, 255
562, 862
817, 294
33, 562
133, 767
53, 985
55, 865
43, 179
165, 796
59,907
122.440
11
Bonded debt and mortgages
12
Other liabilities
13
Capital stock, preferred ..
14
Capital stock, common
15
Surplus and undivided profits
16
Less deflcit
17
Total liabilities
1,578,429
602,095
1,994,705
390,058
Receipts, taxable income:
Gross sales «. . .
18
1, 333, 468
6,219
2.584
3,300
1,004
8,878
8,502
708
479
260, 023
3,081
4,999
957
1,257
5,507
2,026
28
28
1, 609, 289
78,801
4,480
10. 043
3,363
26, 577
14, 440
1,436
1,508
366,952
50, 034
500
1,878
502
449
2,950
23
29
19
Gross receipts from operations ' .
20
Interest
21
Rents....
22
Net capital gain
23
24
Dividends from domestic corporations '"
Other receipts
25
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax " . .
26
Wholly tax-exempt '2
27
Total compiled receipts "
1, 365, 141
1*, 277,905
1, 749, 938
423,317
Deductions:
Cost of goods sold ".
28
946, 436
2,396
30, 538
7,101
4,788
10, 607
18, 849
526
45, 339
1,283
155
182, 546
210, 219
778
6,242
3,783
2,163
8,924
4,809
13
9,945
1,028
101
44,911
1,010,143
37, 139
74, 238
24, 296
12, 088
12, 663
26, 982
1,156
34, 947
29
488
330, 780
271, 268
29, 675
29, 454
9,474
4,986
5,818
4,207
69
10, 785
25
241
83, 014
29
Cost of operations '5
30
Compensation of officers
31
Rent paid on business property . .
32
33
Interest paid.
34
35
Taxes paid, other than income and excess-
profits tax."
Contributions or gifts "
36
Depreciation
37
Depletion
38
Net capital loss " .
39
Other deductions
40
Total compiled deductions »
1, 250. 564
292.916
1. 564. 949
449. 005
41
42
Compiled net profit or net loss i' (27 less 40)
Net income or deficit ' (41 less 26)
114,578
114,099
21 15,011
2' 15, 040
184,989
183.481
2' 25. 688
21 25. 717
43
Normal tax 2"
15, 092
2,763
265
22, 606
4,017
443
44
Surtax on undistributed profits
45
Excess-profits tax
Total tax
46
18, 120
27. 066
47
48
Compiled net profit less total tax (41 less 46)
Cash dividends paid
96, 458
70, 434
4,919
21 15,011
681
20
157, 923
129,316
5,091
21 25, 688
804
1 335
49
Stock dividends paid
For footnotes, see p. 91.
STATISTICS OF INCOME
87
number of returns, assets and liabilities as of Dec. 31, 1936, or close of fiscal
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
net income * — Continued
thousands of dollars]
Industrial groups— Continued
Manufacturing
—Continued
Chemicals and allied
products
Petroleum and other
mineral oil products
Stone, clay, and glass
products
Metal and its products
Net income
Nonet
income
Net income
No net
income
Net income
No net
income
Net income
Nonet
income
3,120
3,092
331
340
1,705
1.822
10, 146
7,766
1
314, 171
456,012
637, 233
113,194
904, 087
1,226,139
313, 486
12,610
43, 966
45, 894
2,224
30, 359
143, 832
64, 144
228, 739
572, 876
627, 391
34, 038
1, 363, 393
2, 788, 661
101,423
49, 667
106, 840
151,471
5,262
76, 004
615, 666
34. 772
129, 196
133, 490
201,613
74,890
195,022
742, 247
54, 335
14,516
44, 867
46, 925
3, 752
32, 733
232, 539
23, 586
799, 733
1,728,017
2, 476, 836
386, 777
2, 027, 868
4, 417, 297
595, 233
101, 138
324, 757
550, 038
14, 890
149,929
1, 553, 654
158,538
2
3
4
5
6
7
8
3,964,323
343,028
5, 716, 521
1, 039, 681
1, 530, 792
398,917
12,431,761
2, 852, 944
9
468, 387
242, 737
322, 357
431,904
1, 383, 489
1, 139, 689
24, 239
64, 549
41,575
27, 909
43, 644
166, 608
62,811
64, 068
443, 742
344, 868
377, 166
204, 361
2, 875, 475
1, 497, 599
26, 691
263, 954
209, 390
116,617
24, 000
539. 126
86, 644
200, 050
125, 198
73, 667
106, 850
152, 317
658, 132
438, 346
23, 718
60,417
67, 247
31, 788
61,640
179, 008
75, 722
76, 905
1, 175, 186
957, 238
1, 073. 370
1, 469, 422
4, 487, 354
3, 366, 535
97, 345
891,869
471,871
218, 601
238, 828
907, 651
474, 043
349, 920
10
11
12
13
14
15
16
3, 964, 323
343, 028
5,716,521
1, 039, 681
1,530,792
398,917
12, 431, 761
2,852,944
17
3, 363, 666
19, 372
7,247
5,730
4,222
95, 502
22, 693
1,180
3,946
250, 440
4,248
378
955
298
759
1,452
23
66
3, 250, 466
136, 360
11,737
16, 477
1,997
113, 196
22,513
427
450
793, 623
20, 233
966
3,269
647
2.067
6,112
101
8
1,088,843
9,439
2,712
1,924
1,203
15, 049
7,645
822
717
171,856
3,561
437
1,012
442
576
1,501
65
61
9,872,963
104, 351
37, 473
13, 382
8,625
102, 228
77, 470
5,134
7,140
1,951,445
21, 945
3,684
5,018
1. 185
3,368
19,403
238
247
18
19
20
21
22
23
24
25
26
3,523,558
258, 619
3, 553, 622
827, 026
1, 128, 354
179, 509
10, 228, 765
2, 006, 533
27
2, 194, 344
4.642
56, 776
13, 954
11,364
17, 154
67, 696
868
81,377
3,151
321
602, 563
180, 850
2,541
10, 432
2,356
4,301
3,291
8,256
31
7,477
172
266
55. 509
2, 328, 257
70, 438
7,688
21, 730
8,512
17, 138
94, 450
461
161,868
99, 809
185
526, 764
594, 219
6,615
2,032
8,416
1.418
10, 571
14,006
35
42, 207
18, 899
39
144,815
702, 887
3,784
23, 987
3,763
4,731
6,800
16, 141
608
40, 215
8,395
178
166,830
131, 409
2,132
7,468
1..375
1,707
4,523
3,687
13
9,859
256
ISO
32. 600
6, 936, 179
16, 884
195, 439
38, 859
38, 357
69, 260
147, 562
3,224
279, 281
6,521
1,322
1,395,714
1, 638, 697
13, 294
39, 214
17, 329
10,711
25, 681
30, 161
82
80, 437
494
1,188
215.715
28
29
30
31
32
33
34
35
36
37
38
39
3,054,210
275, 482
3, 837, 300
843. 273
978. 319
195,209
9,128.601
2. 073. 004
40
469, 34S
465, '401
ai 16, 863
21 16, 929
216, 323
215,873
21 16, 248
2' 16. 255
150, 035
149, 318
21 15, 699
21 15, 760
1, 100. 164
1.093.024
21 66, 471
2166.718
41
42
55, 453
6,553
1,029
19, 823
2,891
51
19, 525
2,586
483
144, 289
24, 060
3,721
43
44
45
63, 035
22. 765
22. 594
172, 070
46
406,313
344, 528
11,841
21 16,863
1,812
32
193, 558
298, 792
120, 889
21 16, 248
6,542
127, 441
104, 373
3,001
21 15, 699
1,069
245
928, 094
706, 756
23, 367
21 66, 471
3,209
234
47
48
49
88
STATISTICS OF INCOME
Table 4. — Corporations submitting balance sheets, 19S6, by major industrial groups:
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or
profits tax, total tax and dividends paid, for returns with net income and with no
[Money figures in
Industrial groups— Continued
Manufacturing— Continued
Motor vehicles, com-
plete or parts
Manufacturing not
elsewhere classified
Net in-
come
No net
income
Net in-
come
No net
income
1
Number of returns with balance sheets ^
347
356
2,289
2,708
Assets: 3
Cash*
•?,
462, 063
388, 584
456, 418
116,349
511,017
877, 528
117,900
6,526
15, 440
32, 804
1,714
22, 584
51, 865
16, 488
104, 359
239, 080
280, 682
53, 223
157, 682
344, 433
103, 420
13, 354
56, 307
65,898
3,121
52, 107
94, 461
38, 602
3
4
Notes and accounts receivable (less reserve
for bad debts) .
Inventories
5
Investments, tax-exempt '
6
Investments, other than tax-exempt «
7
8
Capital assets — Land, buildings, equipment
(less depreciation and depletion).
Other assets.
Total assets '
fl
2,929,859
147,421
1,282,886
323, 849
Liabilities: 3
Notes and accounts payable
10
370, 584
29, 136
204,012
235, 637
679, 516
1,413,243
2,269
25, 267
14, 984
15, 449
14, 256
115,949
15, 754
54, 237
122, 806
43, 521
185, 106
101,405
401, 170
440, 577
11,700
69, 445
21,225
50, 156
41,322
129,372
74, 319
61,991
11
Bonded debt and mortgages
12
Other liabilities
13
Capital stock, preferred
14
Capital stock, common
15
Surplus and undivided profits
16
Less deficit
Total liabilities
17
2, 929, 859
147,421
1,282,886
323, 849
Receipts, taxable income:
Gross sales 8
18
4, 489, 583
4,669
5,840
4,386
4,832
37, 965
24, 401
883
2,090
151,348
553
592
349
236
371
1,376
47
40
1,221,638
9,079
3,317
2,730
1,344
25,110
10,988
943
395
273, 061
5,949
930
912
1,134
1,463
2,185
15
49
19
Gross receipts from operations '
20
Interest
21
Rents .
22
Net capital gain
23
24
Dividends from domestic corporations "'"
Other receipts
25
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax "...
26
Wholly tax-exempt 12.
27
4, 574, 649
154,912
1, 275, 544
285, 697
Deductions:
Cost of goods sold i<
28
3, 776, 258
451
10, 908
4,728
5,072
5,373
24, 408
1,376
56, 962
545
31
257, 683
133, 120
136
1,853
975
619
1,374
2,178
4
4,661
4
76
20, 840
841, 886
1, 745
36, 796
7,703
4, 49i
4,002
19, 693
321
21, 975
150
163
198, 641
208, 404
2,243
11,474
3,263
4,150
2,173
5,272
13
8,068
65
101
56,925
29
Cost of operations 's
30
Compensation of oflJcers .
31
Rent paid on business property
32
Bad debts
33
Interest paid
34
35
Taxes paid, other than income and excess-
profits tax.'9
Contributions or gifts " .
36
Depreciation
37
Depletion.
38
Net capital loss "
39
Other deductions
Total compiled deductions '«
40
4. 143, 796
165. 841
1.1.37. .568
302, 151
41
42
Compiled net profit or net loss " (27 less 40)
Net income or deficit 1 (41 less 26)
430, 853
428, 763
» lU. 929
2' 10. 969
137,976
1.37, 581
21 16, 454
2' 16..i(l3
43
59, 029
5,689
693
16, 456
3,811
514
44
Surtax on undistributed' profits .
45
Excess-profits tax .
Total tax
46
65.411
20. 781
47
48
Compiled net profit less total tax (41 less 46)
Cash dividends paid..
365, 442
320,981
933
21 10, 929
154
117, 195
85, 464
1,958
21 16, 454
730
71
49
Stock dividends paid
For footnotes, see p. 91.
STATISTICS OF INCOME
89
•number of returns, assets and liabilities as of Dec. 31, 1936, or close of fiscal
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
net income ' — Continued
thousands of dollars]
Industrial groups— Continued
Construction
Transportation and
other public ■utilities
Trade
Service — Professional,
amusements, hotels,
etc.
Net in-
come
Nonet
income
Net income
Nonet
income
Net in-
come
No net
income
Net in-
come
No net
income
, 5, 795
8,779
9,985
10, 682
65, 532
64, 541
16, 305
32,285
1
82, 071
311,203
96, 170
37, 736
103, 163
246, 605
63, 192
43, 587
233, 291
63, 140
12, 528
90,318
246, 796
59, 365
1,091,142
1,102,919
411,031
141,841
5, 725, 565
28, 342, 373
1,478,421
407, 706
498, 597
240, 142
18, 626
2, 490, 671
19, 330, 146
1,435,870
1, 104, 484
4, 235, 364
4, 136, 265
242, 169
1,606,036
2, 680, 523
605, 228
209, 117
988, 518
917,828
15,910
296, 379
934, 421
251,527
218, 503
282,803
85, 327
29, 552
398, 640
2, 192, 091
244,426
146, 305
319, 379
81, 443
22,601
625, 897
5,892,976
313,450
2
3
4
5
6
7
8
940, 141
749,026
38, 293. 292
24, 421, 758
14,610,068
3, 613, 701
3,451,342
7,402,051
9
218, 754
59, 431
147,306
35, 002
287, 342
216, 512
24, 204
2J7, 272
75. 878
174,198
40, 490
245, 494
108, 212
112,518
1,088,169
12,869,079
2,180,940
2, 575, 404
14,598,156
5, 266, 596
285, 052
1,899,036
11,749,485
2, 879, 729
1, 292, 203
6, 320, 246
2, 008. 020
1,726,961
4,082,992
664, 820
1,013,485
997, 372
4, 775. 006
3, 437, 566
361, 172
1, 298, 440
333, 309
394, 697
273, 676
1, 601, 608
444, 799
732, 827
402,598
932,434
265, 055
187, 747
1, 053, 906
726, 710
117,107
1,005,403
4, 069, 631
817, 642
394, 591
1,549,029
662. 460
1.096,706
10
11
12
13
14
15
16
940, 141
749,026
38, 293, 292
24,421,758
14, 610, 068
3, 613, 701
3,451,342
7,402,051
17
480, 339
760, 474
2,822
4,014
3,932
5,175
10, 638
617
743
313, 649
328, 176
2,001
4,582
2,408
1,857
4,713
137
433
31, 725, 005
663, 928
69,348
63,117
13, 395
76,219
343, 164
2,671
5,908
7,219,215
247, 689
11,022
22.993
3,059
3,178
61, 191
159
287
18
7,529,524
62, 520
61,467
7,871
287, 659
32, 707
4,757
8,929
3,837,390
27. 141
27, 872
4,735
27, 457
16,410
626
1,381
2, 330, 259
6,298
50, 344
8,844
33, 774
22, 444
431
629
1, 723, 436
9,044
114,976
10. 290
10, 795
22, 652
359
454
19
20
21
22
23
24
25
26
1, 268, 752
657, 955
7, 995, 436
3,943,012
32, 962, 756
7, 568, 793
2, 453, 022
1, 892, 005
27
381, 174
570,013
60, 612
6,105
5,419
5,480
11,026
286
27, 222
259
424
129, 041
263,425
271,269
35, 504
4,867
5,753
6,285
6,118
74
15, 474
69
1,267
81,601
25, 428, 268
255, 306
598, 420
472, 223
129,015
99.984
230, 536
5,749
194, 592
728
3,490
4, 442. 204
5,971,498
127,857
228, 760
152,495
63,050
38, 399
57, 439
500
61,934
530
4,111
1,049,896
?8
3, 670, 457
64, 561
98, 168
18, 327
659, 275
534, 437
2,476
706, 757
15, 480
716
907, 722
2,543,676
33, 027
36, 379
11,159
554, 977
252, 060
270
198, 079
3,026
3,206
643, 835
925, 712
122, 235
127, 121
10. 308
51,063
71, 106
961
89, 617
88
710
830, 199
644, 232
80, 776
107, 709
28, 158
191, 137
143, 820
519
156, 776
223
4,096
745. 940
29
30
31
32
33
34
35
36
37
38
39
1,197,061
691, 707
6. 678. 375
4, 279. 695
31,860.515
7, 756. 469
2. 229. 120
2. 103. 384
40
71, 692
70, 949
2' 33, 751
2' 34. 184
1,317,060
1,308.131
2' 336. 683
21 338, 064
1, 102, 240
1, 096. 332
21 187, 676
21 187. 962
223. 902
223. 273
21 211. 380
21 211.834
41
42
8,700
1,978
638
157, 355
8,384
693
138, 195
24, 553
4,657
25, 014
5,322
829
43
44
45
11,316
166,432
167. 405
31. 166
46
60, 376
46, 807
4,232
21 33, 751
2,563
343
1,150,628
1, 242. 382
21, 456
21 336, 683
42, 905
20
934, 836
726. 265
30, 669
21 187, 676
9,951
847
192, 736
147, 875
3,394
21211,380
7,686
470
47
48
49
90
STATISTICS OF INCOME
Table 4. — Corporations submitting balance sheets, 1936, by major industrial groups:
number of returns, assets and liabilities as of Dec. 31, 1936, or close of fiscal year
nearest thereto, complied receipts and compiled deductions, compiled net profit or
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
profits tax, total tax and dividends paid, for returns with net income and with no
net income ' — Continued
[Money figures in
housands of dollars]
Industrial groups— Continued
Finance- Banking, in-
surance, real estate,
holding companies,
stock and bond brok-
ers, etc.
Nature of business not
given
Net income
No net in-
come
Net income
No net in-
come
1
Number of returns with balance sheets '
Assets: a
Cash *
39, 554
57, 315
113
761
1
■>
13, 719, 877
17, 428, 764
40, 389
13, 935, 089
39, 649, 610
4, 279, 740
1, 749, 298
5, 151, 998
6, 599, 510
24,657
8, 337, 534
25, 185, 400
5, 957, 961
2, 049, 321
5,364
4,445
1,859
136
686
7,497
654
1,784
17, 064
1,412
455
5,994
7,713
9,417
1
3
4
Notes and accounts receivable (less reserve
for bad debts).
Inventories _..
3
4
5
Investments, tax-exempt ^ ..
t\
6
S
Investments, other than tax-exempt ^
Capital assets- Land, buildings, equip-
ment (less depreciation and depletion).
Other assets .
6
7
Total assets '._
q
90, 802, 768
53, 306, 381
20, 641
43, 841
g
Liabilities: ^
Notes and accounts payable.. . .
10
4, 181, 195
6, 182, 608
48, 227, 065
4, 670, 790
15,839,045
13, 260, 128
558, 064
2, 632, 401
5, 524, 185
35, 709, 8Sfi
2,1(51,447
6, 374, 590
3, 955, 474
3, 051, 603
17, 403
388
892
168
3,942
1,215
3,368
27, 193
15, 639
9,247
8,771
63, 464
3,882
84, 354
10
n
Bonded debt and mortgages
11
1?
Other liabilitips- ..
■\n
13
14
Capital stock, preferred.
Capital stock, common
13
14
15
Surplus and undivided profits
15
16
Less deficit
16
Total liabilities
17
90, 802, 768
53, 306, 381
20, 641
43, 841
17
Receipts, taxable income:
Gross sales «.
IS
IS
19
Gross receipts from operations ' .. ..
23 2,224,232
1, 204, 360
409, 579
368, 307
1,416,478
185,028
206, 252
205, 018
23 576, 123
946, 943
502, 404
57, 575
98, 343
65, 283
35, 273
190, 520
2, 472, 466
1,459
32
43
44
12
273
4
9
2,488
64
80
41
26
124
3
3
14
?f)
Interest
">()
?1
Rents...
">]
22
Net capital gain
9?
23
24
Dividends from domestic corporations '"
Other receipts
23
''4
25
26
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excsss-profits tax »
Wholly tax-exempt "_
25
''6
Total compiled receipts '^
27
6, 219, 253
1,875
2,829
?7
Deductions:
Cost of goods sold n
28
?8
29
Cost of operations "
23 442, 080
» 272, 953
98, 825
169, 980
545. 183
197, 032
3, 655
11 9, .562
1, 638
12, 176
25 2,031,903
23 189, 966
'* 111,924
47, 310
212,245
372. 142
175. 370
532
137, 066
1, 718
77, 971
251, 636, 34 "1
914
190
22
8
16
27
(")
22
(22)
1
265
1,824
340
250
908
564
162
(22)
214
9Q
30
Compensation of officers
30
31
Rent paid on business property.
31
3?
Bad debts...
^9
33
Interest paid.
33
31
35
Taxes paid, other than income and excess-
profits tax. '6
Contributions or gifts "
34
35
36
Doprocintion
36
37
Deiiletion
37
38
Net capital loss "
56
1,477
38
39
Other deductions
3ff
40
25 3, 894, 987
2» 2, 962, 590
1,466
5,795
40
Compiled net profit or net loss " (27 less 40)
Net income or deficit > (41 less 2G)
41
42
2, 324, 266
2, 119, 249
21 490, 124
2' 680, 644
410
401
21 2, 966
212,970
41
42
For footnotes, see p. 91.
STATISTICS OF INCOME
91
Table 4. — Corporations submitting balance sheets, 1936, by major industrial groups:
number of returns, assets and liabilities as of Dec. 31, 1936, or close of fiscal year
nearest thereto, complied receipts and compiled deductions, compiled net profit or
net loss, net income or deficit, normal tax, surtax on undistributed profits, excess-
profits tax, total tax and dividends paid, for returns with net income and with no
net income ' — Continued
[Money figures in thousands of dollars]
Industrial groups— Continued
Finance — Banking, in-
surance, real estate,
holding companies,
stock and bond brok-
ers, etc.— Contd.
Net income
No net in-
come
Nature of business not
given— Continued
Net income
No net in-
come
Normal tax 20. _
Surtax on undistributed profits.
Excess-profits tax
110, 580
23, 572
2,016
Total tax.
136, 169
Compiled net profit less total tax (41 less 46) .
Cash dividends paid
Stock dividends paid
2, 188, 097
1, 650, 630
57, 568
21 490, 124
87,518
1,592
354
367
21 2, 966
120
I Theclassiflcationof returns into those "with net income" and "with no net income" is based on the net
income for income tax computation (item 29, p. 2 of the return) . Unlike former years, net income for income
tax computation includes dividends received on stock of domestic corporations subject to taxation under
Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest received oncert:un Government
obligations, which is subject to excess-jjroflts tax (item 8, p. 2 of return), and excludes contributions or gifts
(limited to 5 percent of net income before deduction of contributions or gifts) and excess-profits tax (item 28,
p. 2 of return). The amount of "net income" or "deficit" represents the net income for excess-profits tax
computation (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned dividends
received and interest received on certain Government obligations, and excludes the above-mentioned con-
tributions or gifts. Net income is less than compiled net profit and deficit is greater than compiled net
loss by the amount of wholly tax-exempt interest received on Government obligations.
' Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
3 See text, i)p. 25, 27.
* Includes cash in till and deposits in bank.
« Includes obligations of States and Territories or political subdivisions thereof, obligations of instrumen-
talities of the United States, and obligations of the United States or its possessions.
6 See text, p. 27.
' "Total assets" means the sum of the asset items or the sum of the liability items reported in the balance
sheet of the return less any deficit.
8 Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deduc-
tions."
• Gross receipts from operations where inventories are not an income-determining factor. For "cost of
operations," see "deductions."
1" Dividends received on stock of domestic corporations subject to ta.xation under Title I of the effective
revenue acts (item 12 (a), p. 2 of return).
II Includes United States savings bonds and Treasury bonds owned in principal amount of over $5,000,
and obligations of instrumentalities of the United States (other than those issued under Federal Farm
Loan Act or such act as amended) reported as item 8, p. 2 of return.
12 Includes obligations of States and Territories or political subdivisions thereof, securities issued under
Federal Farm Loan Act, or such act as amended, obligations of the United States issued on or before
Sept. 1, 1917, Treasury notes. Treasury bills, Treasury certificates of indebtedness, and United States
Savings bonds and Treasury bonds owned in principal amount of $5,000 or less.
13 Excludes nontaxable income other than interest on tax-exempt obligations reported in Schedule M of
the return. Unlike former years, dividends received from domestic corporations are included in taxable
income instead of in tax-exempt income.
1* Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 23.
i« Includes taxes which are reported in "cost of operations." For method of tabulation, see p. 23.
i« Excludes taxes tabulated under "cost of goods sold" and "cost of operations."
1" Limited to 5 percent of net income before deduction of contributions or gifts on returns with year ended
Dec. 31, 1936, and thereafter.
16 For limitation of amount of net capital loss that may be allowed, see section of this report entitled
"Revenue Acts of 1913-36 and certain tax provisions of the National Industrial Recovery Act (1933); also
the special excise tax under the act of Aug. 5, 1909," page 199, footnote 5(d).
'» Unlike former years, compiled deductions and compiled net profit are affected by the inclusion in de-
ductions of contributions or gifts (limited to 5 percent of net income before deduction of contributions or
gifts) on returns with year ended Dec. 31, 1936. and thereafter.
20 Includes the following amounts: Income tax of $58,681,787, reported on returns with fiscal year ended
prior to Dec. 31, 1936 (and returns with part year which began in 1935); graduated normal tax of $893,336,837,
and flat normal tax of $30,921,867, for corporations exempt from the graduated rates, reported on returns for
the calendar year 1936 and for fiscal year or part year ended in period January through June 1937.
21 Compiled net loss or deficit.
22 Less than $500.
23 Includes for a limited number of returns the cost of securities purchased for customers.
2< Excl-i'les comprnsation of officers of life insurance companies which file return Form 1120L.
!• Includes special nonexpense deductions of life insurance companies.
92
STATISTICS OT INCOME
Table 5. — Corporations submitting balance sheets for 1936, by total assets classes:
year nearest thereto, compiled receipts and compiled deductions, compiled net
excess-profits tax, total tax, and dividends paid, for returns with net income and with
[Money figures and total assets
[For text defining certain items and
PART I. ALL RETURNS
Total assets classes '
Total
Under 50
50-100
1
Number of returns witli balance sheets ' .
415, 654
26, 101, 840
40, 219, 149
16, 583, 678
24, 312, 709
86, 207, 700
97, 873, 098
11,881,549
227, 343
338, 875
998,117
777, 586
16, 455
151,980
1,527,652
340, 167
59, 528
263, 331
935, 742
664, 469
30, 555
228, 603
1,790,490
319, 646
9
Assets: 2
Cash 3 . . -
3
4
Notes and accounts receivable (less reserve for bad debts) . -
■i
Investments, tax-exempt ^
6
Investments, other than tax-exempt ^
7
8
Capital assets— Land, buildings, equipment (less depre-
ciation and depletion).
Other assets . - .... .
Total assets « -.
q
303, 179, 724
4, 150, 832
4,232,836
Liabihties: 2
Notes and accounts payable. - ...
10
25, 579, 995
47, 022. 686
97. 109, 483
18, 590, 569
78,071,619
48, 042, 830
11,237,458
1, 602, 285
458, 528
459, 133
194, 809
2, 679, 929
430, 284
1,674,136
1,171,109
608, 749
398, 598
182, 733
2,022,108
559, 841
710, 303
11
Bonded debt and mortgages. ...
P
Other liabilities
n
Capital Steele, preferred . ...
14
Capital stock, common . .
If)
Surplus and undivided profits.
Ifi
Less deficit . .
Total liabilities
17
303, 179, 724
4, 150, 832
4, 232, 836
Receipts, taxable income;
Gross sales '...
18
96,129,815
21. 244, 723
2, 477, 962
1, 409, 666
552, 623
2, 572, 718
1, 168, 490
273, 161
440, 189
7,833,478
2,277,881
15, 766
102, 861
16, 201
6,107
72, 257
280
543
6,882,652
1,090,375
17, 882
92, 292
12, 264
6,623
52, 433
463
545
19
Gross receipts from operation 8. .....
?0
Interest .. . ..
">]
Rents. . .
')'>
Net capital gain... . . .
?3
Dividends from domestic corporations ^
?4
Other receipts ... . .
?5
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax '" .
?6
Wholly tax-exempt " .
Total compiled receipts '2
?.7
126, 269, 846
10, 325, 373
7, 155, 528
Deductions:
Cost of goods sold 13
?8
74, 363, 955
10, 083, 243
2, 603, 692
1,451,196
866, 131
2,931,469
2,807,111
28, 741
3, 147, 731
402, 598
123,474
19, 841, 900
6, 286, 643
1, 306, 059
679, 662
293, 260
64, 622
54, 747
90,318
1,554
128, 259
4,061
13, 082
1, 504, 553
4, 752, 508
641,511
325, 841
114,057
45, 494
55, 235
75, 782
941
97, 488
4,353
6, 354
979, 599
?9
Cost of operations »
30
Compensation of officers '5
31
Rent paid on business property
3?
Bad debts.
33
Interest paid
34
35
Contributions or gifts i'..
36
Depreciation . .
37
Depletion .
38
39
Other deductions...
Total compiled deductions 1'
40
118,651,242
10, 426, 820
7, 099, 163
Compiled net profit or net loss i« (27 less 40)...
41
7,618.104
7,177,915
22 101.447
22 101,990
56, 366
55, 821
42
Net income or deficit 211 (41 less 26)
Normal tax 21
43
982, 940
141, 154
20, 546
15, 429
4,307
2,003
16,681
4,201
1,673
44
Surtax on undistributed profits
45
Total tax
45
1,144,641
21, 739
22,555
Compiled net profit less total tax (41 less 46)
47
6, 473, 464
7, 162, 623
343, 057
23 123, 186
90, 393
6,271
33,810
102, 736
4,767
48
Cash dividends paid
49
Stock dividends paid...
For footnotes, see p. '
STATISTIC '^ OF INCOME
93
number of returns, assets and liabilities as of December 31, 1936, or close of fiscal
profit or net loss, net income or deficit, normal tax, surtax on undistributed profits,
no net income
classes in thousands of dollars]
describing returns included, sec pp. 1-7, 22-30]
WITH BALANCE SHEETS
Total assets classes «— Continued
100-250
250-500
500-1,000
1,000-5,000
5,000-10,00C
10,000-
50,000
50,000-
100,000
100,000 and
over
58, 442
28, 342
17,941
18, 277
2,719
2,311
355
396
1
599, 9.34
807,512
1,142,317
3, 485, 939
1,710,860
4, 263, 725
2. 000, 392
11, 488, 955
2
1,930,167
2, 039, 789
2, 393, 785
6,565,624
2, 806, 286
5, 985, 687
2, 645, 999
13, 917, 952
3
1,211,833
1,104,480
1, 192, 084
2, 968, 456
1, 265, 042
2, 714, 605
1, 222, 530
3, 462, 593
4
147, 939
324, 439
599, 947
2, 456, 833
1. 346, 693
3, 694, 025
1, 599, 512
14,096,311
5
724, 264
1, 194, 130
1, 867, 520
7, 868, 893
4, 572, 896
13, 228, 633
7,010.223
49, 360, 553
6
3, 979, 647
4,059,011
4, 806, 939
12, 930, 367
6, 458, 537
15,345,914
8,818,469
38, 126, 074
7
635, 693
465, 647
557, 223
1, 679, 138
806, 751
2, 172, 813
967, 780
3, 936, 691
«P
9, 229, 477
9, 995, 007
12,559,815
37, 955, 254
18, 967, 065
47, 405, 401
24, 294, 906
134, 389, 129
9
2, 096, 849
1, 797, 582
1, 909, 082
4, 4,54, 803
1, 860, 664
3, 742, 937
1, 613, 741
5, 330. 942
10
1,511,277
1, 596, 289
1, 836, 005
5,122,241
2, 775, 536
6, 938, 955
4,976,881
21, 198, 225
11
1, 124, 137
1,717,051
2, 805, 992
10, 267, 078
5, 1.52, 536
13, 728, 825
6,334,355
55, 121, 779
12
523, 095
623, 290
822, 509
2, .574, 010
1, 278, 552
3, 703, 268
1, 9t6, 239
6, 742, 053
13
3,813,629
3, 499, 683
3, 943, 346
10,411,519
4,901,291
11,470,475
5, 756, 339
29, 573, 299
14
1,394,586
1, 725, 228
2, 245, 867
7, 259, 858
3, 774, 836
9, 145, 696
4, 132, 593
17,374,011
15
1, 234, 097
964, 116
1, 002, 986
2, 134, 255
776, 349
1, 324, 754
465, 243
951,219
16
9, 229, 477
9, 995, 007
12, 559, 815
37, 955, 254
18, 967, 065
47, 405, 401
24, 294, 906
134, 389, 129
17
9, 448, 835
7, 870, 022
7, 820, 803
17,019.339
6, 790, 642
12.872,387
4, 797, 619
15, 764, 039
18
1,521,947
952, 013
975, 377
2,274,815
1, 00;;, 926
3, 003, 675
1, 6S9. 040
6, 452, 674
19
53, 150
80, 052
102, 256
323, 397
144, 661
322, 356
139, 350
1, 279, 091
20
200, 818
109,340
104, 834
229, 573
88,312
145, 508
53, 290
282, 809
21
32, 105
39, 952
42, 976
128, 290
48, 798
95, 223
57, 104
79, 708
7.7.
35,816
35, 739
55, 260
241,885
151,335
4.50, 501
311,536
1,277,854
23
97, 352
84, 822
89, 548
210, 764
78, 354
171, 608
106, 705
204, 647
24
2,631
6,056
9,907
37, 927
18, 884
49, 232
18, 637
129, 144
25
1,717
6,789
12, 540
48, 955
24, 284
63, 934
27,801
253, 082
26
11,394,372
9, 184, 784
9,2.13,501
20, 544, 945
8, 352, 226
17, 174, 485
7, 201, 084
25,723,048
27
7, 569, 733
6, 206, 522
6, 101, 369
13, 081, 586
5,111,249
9, 442, 776
3, 440, 136
12,371,432
28
870, 643
414,297
39S, 229
846, 439
365, 583
989, 592
809, 645
3, 440, 845
29
428,819
273,316
224, 249
335, 128
87, 926
129, 562
39, 510
79, 681
30
150, 644
97, 671
92, 507
200, 375
67, 717
162, 300
65, 116
207, 549
31
82, 306
66, 452
69, 843
159, 553
55, 809
138, 160
41, 306
142, £86
32
119,897
123, 874
143, 074
383, 866
184, 742
459, 847
277, 426
1, 128, 761
33
152, 755
155, 566
190, 003
449,807
199, 543
487, 433
217,319
788, 585
34
2,180
1,927
1,871
5,777
2,663
4,867
1,724
5,238
35
177, 649
161,862
188, 872
486, 886
226, 455
558, 121
257, 190
861,949
36
9,622
14, 892
18, 589
56, 570
35, 961
74, 913
53, 548
130. 089
37
10, 453
11,084
18, 521
32, 522
8,188
14, 412
5,085
3,774
38
1, 594, 258
1,371,696
1, 402, 320
3, 339, 404
1, 401, 800
3, 184, 152
1, 217, 595
3, 846, 524
39
11, 168. 959
8, 902, 159
8, 849, 448
19, 377, 912
7. 747, 637
15,646,534
6, 425, 598
23,007,011
40
225,413
282, 625
364, 053
1, 167, 033
604, 589
1, 527, 951
775, 486
2, 716, 037
41
223, 695
275, 836
351,514
1,118,078
580, 306
1,464,017
747, 684
2, 462, 955
42
40, 903
47,436
61,318
178, 216
84, 753
200, 606
85, 254
252, 344
43
9, 2.^5
10, 472
13, 182
34,913
14, 490
22, 439
6,729
21, 165
44
2,870
2,365
2,407
5,042
1,652
1,414
465
655
45
53, 028
60, 273
76, 907
218, 171
100, 895
224, 459
92, 449
274, 164
46
172, 385
222, 351
287, 146
948, 862
503, 694
1, 303, 492
683, 037
2,441,872
47
258, 108
280, 735
332, 618
968, 073
497, 631
1, 370, 343
728, 552
2, 533, 435
48
15,017
17, 786
24, 303
59, 557
19. 004
31,097
33, 685
131,572
49
114338—39-
94
STATISTICS OF INCOME
Table 5. — Corporations submitting balance sheets for 1936, by total assets classes:
year nearest thereto, compiled receipts and compiled deductions, compiled net
excess-profits tax, total tax, and dividends paid, for returns with net income and with
[Money figures and total assets
PART II. RETURNS
Number of returns with balance sheets '
Assets:*
Cash'
Notes and accounts receivable (less reserve for bad debts)
Inventories
Investments, tax-exempt *
Investments, other than tax-exempt '
Capital assets — Land, buildings, equipment (less depre-
ciation and depletion)
Other assets
Total assets «
Liabilities: '
Notes and accounts payable
Bonded debt and mortgages
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales '
Gross receipts from operations *
Interest
Rents
Net capital gain.
Dividends from domestic corporations'
Other receipts
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax '"
Wholly tax-exempt "
Total compiled receipts 12
Deductions:
Cost of goods sold "
Cost of operations "
Compensation of ofHcers "
Rent paid on business property..
Bad debts
Interest paid
Taxes paid, other than income and excess-profits tax i'...
Contributions or gifts ■'
Depreciation
Depletion
Net capital loss 's
Other deductions
Total compiled deductions "
Compiled net profit ■» (27 less 40)..
Net incomes" (41 less 26)
Normal tax *•
Surtax on undistributed profits
Excess-profits tax
Total tax
Compiled net profit less total tax (41 less 46)
Cash dividends paid
Stock dividends paid
Total assets classes'
Total
188, 553
19. 723, 044
30,012,458
13, 559, 651
15, 809, 802
56.122,795
57, 498, 365
6, 869. 496
199, 595, 670
15. 285, 450
23.024.198
55, 733, 769
13,159,784
55, 827, 671
38,526,216
1,961,418
199, 595, 670
79,721,651
14, 204, 865
1, 459, 332
697,617
458. 337
2, 405. 360
925. 338
235, 036
245, 785
100, 353, 320
60, 908, 968
6,113,830
1,887,565
1,018,640
473, 287
1,619,791
1, 998, 362
25, 657
2,253, 149
305, 291
23, 091
14, 377, 931
91,005,562
9, 347, 758
9,101,973
982, 940
141,154
20, 546
1,144,641
8,203,117
6, 967, 860
333, 525
Under 50
81,716
189,6.59
477, 675
383, 396
8.514
62,917
521,629
125,173
1,768.964
527. 878
87, 881
149. 469
65, 429
954. 608
260, 220
276, 521
1,768,964
4,213,664
1,121,837
8,407
34.631
10,611
5,330
38, 101
1.39
362
5, 433, 082
3, 353, 444
611,278
346, 399
123, 579
24, 668
18, 276
41,079
790
53, 163
2,731
1,339
701,827
5, 278, 571
154,511
154, 148
15, 429
4,307
2,003
21,739
132,772
85, 232
5,857
For footnotes, see p.
STATISTICS OF INCOME
•95
number of returns, assets and liabilities as of December 31, 1936, or close of fiscal
profit or net loss, net income or deficit, normal tax, surtax on undistributed profits,
no net income — Continued
classes in thousands of dollars]
WITH NET INCOME »
96
STATISTICS OF INCOME
Table 5. — Corporations submitting balance sheets for 1936, by total assets classes:
year nearest thereto, compiled receipts and compiled deductions, compiled net
excess-profits tax, total tax, and dividends paid, for returns with net income and with
[Money figures and total assets
PART III. RETURNS WITH
Number of returns with balance sheets '.
Assets: 2
Cash 3..
Notes and acccounts receivable (less reserve for bad debts).
Inventories
Investments, tax-exempt '
Investments, other than tax-exempt ^ _..
Capital assets— Land, buildings, equipment (less depre-
ciation and depletion).
Other assets
Total assets 6.
Liabilities: ^
Notes and accounts payable
Bonded debt and mortgages...
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits.
Less deficit
Total liabilities-
Receipts, taxable income:
Gross sales '
Gross receipts from operations '
Interest
Rents
Net capital gain
Dividends from domestic corporations ».
Other receipts
Receipts, tax-exempt and taxable income:
Interest on Government obligations:
Subject to excess-profits tax i"
Wholly tax-exempt "
Total compiled receipts >2.
Deductions:
Cost of goods sold "
Cost of operations i'
Compensation of officers i*
Rent paid on business property
Bad debts
Interest paid
Taxes paid, other than income and excess-profits tax i^..
Contributions or gifts "
Depreciation
Depletion
Net capital loss i*...
Other deductions
Total compiled deductions ".
Compiled net loss (27 less 40).
Deficits" (41 plus 26)
Cash dividends paid..
Stock dividends pnid.
Total assets classes '
Total
227, 101
6, 378, 796
10, 206, 691
3,024,027
8, 502, 847
30, 0S4, 905
40, 374, 734
5, 012, 053
103, 584, 053
10, 294, 545
23, 998, 488
41,375,713
5, 430. 786
22, 243, 948
9, 516, 614
9, 276, 040
103, 581, 053
16, 408. 164
7, 039, 858
1,018,6:10
712, 049
94, 287
107, 358
243, 152
38. 125
194, 404
13, 454, 987
3, 969, 413
716, 128
432, 556
392, 844
1,311,678
808, 748
3,084
894, 582
97, 307
100,383
5, 463, 969
27, 645, 679
1, 729, 653
1, 924, 058
194, 763
9,533
Under 50
145, 627
119,216
520, 442
394, 190
7,941
89, 063
1, 006, 022
214, 994
2, 381, 869
1, 074, 406
370, 647
309, 663
129, 380
1, 725, 322
170,065
1,397,615
2. 381, 869
3,619,815
1,1.56.044
7,359
68. 229
5,589
777
34, 156
141
180
4, 892, 291
2, 933, 199
694, 782
333, 263
169, 682
39, 954
36,471
49, 240
764
75, 090
1,330
11.744
802, 726
5, 148, 249
255, 958
256, 138
5,161
414
29, 253
82, 009
362, 288
229, 345
11,783
116,816
1, 095, 729
171, 138
2, 069, 139
624, 405
463, 043
224, 442
102,160
1, 039, 603
185, 133
569, 646
2, 069, 139
1, 676, 726
377, 360
5, 919
60, 001
3,340
984
16, 473
156
34
2, 140, 994
1, 386, 903
227, 746
92, 510
41,460
20, 658
33,036
33, 939
303
44, 799
1,303
4,992
357, 704
2, 245, 354
104, 360
104, 395
3,747
356
For footnotes, sBe p. 98.
STATISTICS OF INCOME
97
number of returns, assets and liabilities as of December 31, 1936, or close of fiscal
profit or net loss, net income or deficit, normal tax, surtax on undistributed profits,
no net income — Continued.
classes in thousands of dollars]
NO NET INCOME 20
Total assets classes «— Continued
100-250
250-500
500-1,000
1.000-5,000
5,000-10,000
10,000-
50,000
50,000-
100,000
100,000 and
over
25,923
11,405
6,681
6,442
886
694
87
103
1
155, 204
192, 554
253, 531
855, 722
425, 184
1, 040, 593
253, 198
2, 971, 580
2
616. 696
586, 427
645, 133
1. 831, 252
825, 268
1.444,319
461, 607
2, 913, 260
?
332, 623
235, 580
233, 438
461, 965
195,413
273, 742
86, 910
580,820
4
46, 272
86, 987
152, 320
659, 475
355, 263
1,051,488
213,717
5, 917, 602
5
315, 547
487, 259
654, 828
2, 585, 919
1,436,612
4, 333, 900
1,831,383
18, 233, 548
fi
2, 284, 251
2, 207, 638
2,490,665
6, 180, 284
2, 681, 636
4, 981, 256
2, 878, 412
14, 568, 839
7
309,346
196,043
232, 945
667, 498
244, 945
710, 143
290, 694
1,974,307
8
4.059,938
3, 992, 487
4, 662, 859
13, 242, 115
6, 164, 321
13, 835, 441
6, 015, 923
47,159,963
g
962, 961
781, 545
819, 160
1, 746, 620
719, 504
1, 176, 318
441, 638
1,947,987
ifl
1,091,360
1, 140. 569
1, 293. 523
3,418.425
1,598,300
3, 306, 599
2,111,622
9, 204, 500
11
527, 298
625, 246
932, 510
3, 634, 746
1,848,058
5, 229, 485
1, 563, 608
26, 480, 658
12
263, 143
279, 662
323, 705
925, 905
412, 303
1, 178, 280
405, 702
1,410,545
1;
1, 778, 760
1, 479, 608
1,514,925
3,561,406
1, 477, 425
2, 674, 852
1,262,623
5, 729, 434
1'
411,258
477, 043
566, 198
1,681,967
728, 101
1,391,522
639, 686
3, 265, 641
IS
974,832
791, 186
787, 162
1,726,956
619, 369
1,121,616
408,857
878,802
16
4,059,938
3, 992, 487
4, 662, 859
13, 242, 115
6, 164, 321
13,835,441
6,015,923
47,159,963
17
2, 022. 842
1, 399, 142
1,211,286
2, 292, 833
862, 398
1, 539, 629
257, 777
1, 525, 716
18
464, 272
271, 027
271, 960
703, 989
279, 505
707, 784
393, 095
2, 414, 822
1!
13. 936
21, 363
24, 371
89, 431
43, 502
115, 718
31, 263
665, 768
2(
124, 487
51, 377
47, 803
100, 736
33, 890
61, 594
23, 394
140, 537
2]
6,749
9,226
8,761
21,931
7,193
15, 851
8,857
6,788
22
2,304
2,980
4.428
17, 244
9,467
24, 577
18, 257
86, 340
Z:
24,092
19, 105
18, 635
42,315
17, 210
27,805
7,379
35, 981
24
622
1,134
1,703
7,182
3,672
8,144
1,785
13, 586
25
525
2,500
4,118
16, 942
8,583
25, 332
5,153
131, 036
26
2, 659, 830
1,777,852
1, 593, 066
3, 292, 603
1, 265, 422
2, 526, 435
746, 960
6, 020, 573
27
1, 674, 383
1, 150, 572
992, 064
1, 887, 641
711,020
1, 286, 009
175, 984
1, 257, 211
28
292, 627
101,699
97, 713
258, 474
108, 301
303, 908
236, 534
1, 647, 629
2t
95, 105
50, 928
36, 435
55, 095
14. 391
21, 183
4,659
12, 559
3t
40, 776
22, 962
21, 440
51, 587
15, 034
28, 291
8,672
32, 652
31
37, 548
28, 252
30, 495
74, 759
26, 066
78, 681
15, 640
40, 791
32
68, 004
66, 160
75, 578
195, 870
87, 213
195, 631
112,208
441, 509
33
62, 391
67, 365
60, 236
130, 065
48, 830
98,415
43, 347
224, 922
34
697
124
161
531
130
162
42
172
35
73, 263
63, 457
68, 455
163, 876
66, 428
134, 453
45, 579
159, 176
36
2,695
4,365
6,581
19, 002
9,777
19, 230
15, 241
17, 782
37
7,923
8,551
15, 945
26, 695
6,340
11,914
4,401
1,877
38
463, 045
352, 000
336, 588
753, 047
292, 833
619, 448
173, 560
1,313,018
39
2, 818, 457
1, 906, 434
1, 741, 690
3, 616, 642
1, 386, 363
2, 797, 324
835, 866
5, 149, 298
40
158, 628
128, 582
148, 624
324, 040
120, 942
270, 889
88, 906
128, 725
41
159, 153
131, 082
152, 742
340, 982
129, 525
296, 222
94, 059
259, 761
42
5,909
9,500
9,480
25, 029
12,311
41, 586
20, 726
61,313
43
625
815
995
5,373
190
765
44
98
STATISTICS OF INCOME
• Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
» See text, pp. 2.'>, 27.
3 Includes cash in till and deposits in bank.
< Includes obligations of States and Territories or political subdivisions thereof, obligations of instrumen-
talities of the United States, and obligations of the United States or its possessions.
« See text, p. 27.
' "Total assets" means the sum of the asset items or the sum of the liability items reported on the balance
sheet of the return less any deficit.
' Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deduc-
tions."
8 fJross receipts from operations where inventories are not an income-determining factor. For "cost of
operations," see "deductions."
9 Dividends received on stock of domestic corporations subject to taxation under Title I of the effective
revenue acts (item 12 (a), p. 2, of return).
1" Includes United States savings bonds and Treasury bonds owned in principal amount of over $5,000,
and obligations of instrumentalities of the United States (other than those issued under Federal Farm Loan
Act or such act as amended) reported as item 8. p. 2, of return.
" Includes obligations of States and Territories or political subdivisions thereof, securities issued under
Federal Farm Loan Act, or such act as amended, obligations of the United States issued on or before Sep-
tember 1, 1917, Treasury notes, Treasury bills. Treasury certificates of indebtedness, and United States
savings bonds and Treasury bonds ownsd in principal amount of $5,000 or less.
12 Excludes nontaxable income other than interest on tax-exempt obligations reported in schedule M of the
return. Unlike former years, dividends received from domestic corporations are included in taxable income
instead of in tax-exempt income.
'3 Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 23.
■' Includes taxes which are reported in "cost of operations." For method of tabulation, see p. 23.
15 Excludes compensation of officers of life insurance companies which file Form 1120L.
'6 Excludes ta.xes tabulated under "cost of goods sold" and "cost of operations."
i~ Limited to 5 percent of net income before deduction of contributions or gifts on returns with year ended
Dec. 31, 1936, and thereafter.
18 For limitation of amount of net capital loss that may be allowed, see section of this report entitled "Rev-
enue Acts of 1913-1936 and certain tax provisions of National Industrial Recovery Act (1933); also the special
excise tax under the act of Aug. .5, 1909," p. 199, footnote S(d).
19 Unlike former years, compiled deductions and compiled net profits are affected by the inclusion in
deductions of contributions or gifts (limited to 5 percent of net income before deduction of contributions or
gifts) on returns with year ended Dec. 31, 1936, and thereafter.
20 The classification of returns into those "with net income" and "with no net income" is based on the
net income for income tax computation (item 29, p. 2 of the return) . Unlike former years, net income for income
tax computation includes dividends received on stock of domestic corporations subject to taxation under Title I
of the effective revenue acts (item 12(a), p. 2 of return) and interest received on certain Government obliga-
tions, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes contributions or gifts (limited
to 5 percent of net income before deduction of contributions or gifts) and excess-profits tax (item 28, p. 2 of
return). The amount of "net income" or "deficit" represents the net income for excess-profits tax com-
putation (item 27, p. 2 of return), which, unlike former years, includes the above-mentioned dividends
received and interest received on certain Government obligations, and excludes the above-mentioned
contributions or gifts. Net income is less than compiled net profit and deficit is greater than compiled net
loss by the amount of wholly tax-exempt interest received on Government obligations.
21 Includes the following amounts: Income tax of $58,681,787, reported on returns with fiscal year ended
prior to Dec. 31, 1936 (and returns with part year which began in 1935); graduated normal tax of .$893,336,837,
and flat normal tax of $30,921,867 for corporations exempt from the graduated rates, reported on returns for
the calendar year 1936 and for fiscal year or part year ended in period January through June 1937.
" Comp'led net loss or deficit.
" Compiled net loss plus total tax
STATISTICS OF INCOME
99
S o
I — . 00
01 I
OS '^
a o
o p
j: — '
- a
.2 r
— -o
i? a
• CO « S
05 a
fen S
4> a
^..
--OTJ
«.>g-3
Q'o.ga
t^i-
a
o«
s«
Z
Ota
-*-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
0
CO
2,112
3,232
10, 292
8, 406
11,676
13,934
10,411
. CM
1 ■<}*
IN
to
5, 520
8,177
16. 775
13. 802
17, 093
28, 629
23, 999
IS
ICO
It^
CO
21.C89
33, 972
91,943
90. 976
127. 475
295. 500
142, 948
loc
lo
0
0
12, 840
20, 845
54, 973
56, 761
75, 145
157,112
72, 353
100
101
is
s
0
s
2, 546
4,853
13, 308
11,486
12,622
34, 525
12, 744
lo:
Ib-T
1
4,021
4,818
12, 392
11, 168
15, 898
37, 222
21, 703
;£
;"
(M^Cit^tOO^OS
t^ t^ t^ >0 00 iO (N _
00 ■* U5 M rt r-l "
* 1
CM
Under 50
50-100
100-250.
250-500
500-1,000
1,000-5.000
5,000-10,000....
10.000-50,000 «
.50.000-100.000
i|
0.2
So
"ca
0
Eh
.— I -tf to CD to -^ CO
CO CO CD CM O to '^
CO i-H to "^ l> CM
TfOlCMOCOCMOSCM
OOOCOOSO'^COtO
OOSTPt^C3SCOCOCO
rrco'^'^CMto.-H
OSOOCOCOOSh-COtO
osos^t^cot>-coco
COfO-^TTCMtOi-H
COCMCOt--COOS"^CM
r^cotoeoooooooo
cocor^tocot^ooo
c^T — T ^'' '^"oto CO* .-H
CO CM CO CM CM CO T-H
OCMCMiOCCi— 'CM>:J'
COOOCOOCtOO"-"-^
to OS 0 O "^ CD to CO
OS to CO CM CM CM
COCOi-HOOCMOOOtO
COOOO'-H'^t^-OO
r--oOi-HO"«*'or^co
•-H "^ *t ^ CD OS Tj?"
C^l *-i CM CM fH CM T-i
ocM"^'«rCMCMr--QO
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
a
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"
0 CO CO CO -r w CO as 1
-^ CO CO CO 00 i-H r^ CO 1
T-Hcoo»oi-^aicoio 1
^ CO 0" 0 CO CO CO CO 1
1 00
1 0
1 ^
<n"
^c6o»nt^i-^co^ I
■-H CO 0 0 CO'cO CO CO 1
■ o
CI
g
of
47. 113
37. 546
72. 243
65. 381
80. 884
194. 833
73. 154
232, 088
ii
00
10
0
0
25. 142
16, 089
27. 014
4.363
2.818
6,985
3.056
7.036
l03
1 .rtl
en
19. 932
19. 857
41.890
57. 540
73, 768
179, 972
67, 224
215. 474
iO>
ICC
00
CO
00
991,212
9 42. 371
9 76, 157
9 55, 231
9 34, 595
39, 699
26, 971
135, 946
1 1^
1 .^
1 CO
s
93, 494
69, .555
149, 016
156, 987
174, 751
.507, 386
194, 005
328, 150
1 Oi
i
cn
00
5,320
6,888
12, 088
10, 291
18. 588
46. 187
19. 140
43, 897
I03
1 co"
1 ':1<
i
CD
7, 890
5,774
21, 399
26, 431
45, 4.50
137, 222
88, 853
185. 762
Ic5
ICO
i
to
32, 927
24, 065
53, 017
55, 913
68, 908
149, 249
72, 043
119.463
i«3
10
0
CD
60. 162
73. 374
187.088
213. 625
305. 136
987, 574
443. 768
874. 344
ICO
lib
10
i
38. 767
49, 207
122, 628
158, 883
218, 804
727, 844
338, 100
074, 353
1 CO
1 'TtH
1 1:0
loo
1 ^
1m"
1,782
1,719
3,715
3,312
5,564
16, 306
7,527
16, 024
loo
1 0
lo
0
CO
1^
10, 929
10, 718
24,849
23, 337
32, 560
79. 996
30, 667
63, 397
l(N
CO
3,193
1,024
1, 164
603
432
465
64
47
87
i
1^
Under 50
50-100
100-2.50
250-.500
500-1,000
1,000-5,000
5,000-10,000....
10,000-50,000
50,000-100,000 8
:3 0
It
5o
3
0
STATISTICS OF INCOME
101
lo' r^ r-T rC-T c^r CO oT t^ 00
•-H<NCOO'^CO(M":)COO
i-K-i tT CS lO <M O
OOOOCOI>-iOOCOOC^
■-H o Tj*" c^ oTod" h-'co" lo"^
CO-^CCI^COC^OO-Hi— I
.-lr-^(^^^-cooocor-l
t^coor^ccoi'^oico»o
Ci0t>-C0'-t<£:<NOTf»O^-
f-T to '^ CO o of o oT t-*" <d"
.— Ii-H.— II>.CO00COi— I
CCCOOiOK^iCOCO^OiO
h-ior-r^ooo<— tc^too
Ocoo^ot^t^OfMoocn
Tt-Tt-(Maio:ooO(Mr-co
CDCO-^-^iOCO-rrO-— Id
i-T i-T c^ C4" cc" CO CO t-^ CO (>r
coh--— 'C')»c-:j'Tt*-— i<oco
r-oicocDt^aior^coo
Oi-'j^'— •r^cocoiocN'^^'C^
Cf CO" t^" 0~ (M* O* O" TjT Tt*" C^
COCO^(M(N<:DC^'^'*CO
co»-':'0'^"^"^ooc^t0"<*<
CDCNl>-'^O500OiiOiO00
-rtT ^" o' r^ lo" o cs 00 CO o"
osc^t^ascncow^oioc^
O5(Nt>-00C0"^CO'<ti00a5
i-ltNlMCOCOCOt^C^— I
:: I
C^tDCOO^OCCVICOOcC'^
(N O (M ^ CO CO •* ir^ O) (N
1-iCOtNCOOOCDOI^fM
t^COi— 'OOcOCOCftO^
; CNco »o CO »o I
5.-I ^ t^ O "^
COOiOOlM-^--tTj*OGOC^
Tt< CD CO Cl Tf iC "X; CO I-^ .-«
osococcTj<cor--ooit^
of^odoTi-Tt^-cD od c^oo"
OW5O^'*lMr^C0CM0
C^C^CO<»00-^'-*CSCNO
ofi-Tco'— Tio"
(NCOCOO'—iiO'^GOCiCO
COOCOC^'^COCCOO'— <
OCO^Oi— tOOOCOO'-iiO
CO' rjT o" CO CC CO »o' CO* co" ^^
1— (C^ocoO'^t--cor^oi
1— I C^ !>. CO Oi CO CO
c^oir-coOiococ^t-co
^.-HiococoiMcor^ioo
dcocsr^coot^oco"^
TjT co' i^ of --h" lO" C^* '^ C4 '*"
tHCSCOCO'-'OcD — OlOi
1— I CO C^ CO CO o
C^I-rffNOit^COTfi-HOiiO
r-tcoc^oot^t^oscooeo
t^t-iOCOlMOIOS'-'COOS
CO O co' <-<" o CD CO .-T i-T tC
OCOO-— "COOOt^OTTO
t-Ht-H coco CO coco coco i-H
ICOCDOIOIO
CD"^-^iOTf«-._
oco-— '•— tor-osoi^oo
oT CO co" »o »o to" oT r-" o" od"
iOcO'-«'-Ho:co'Mt^i^cs
C0*0-^I>-C^OCD»-H^-0
i-T w" of i>r CO oT co^o"
i-HTj-oir-.-icocou:)Tf'oi
lOr^-HcoOi'-'Ot^cO'— I
•<jiTj*OCOOOCO"^0^00
oT od" Tt^' -rt^' CO CO 00 »c 00*" »o
OCDCOOOOlOOt-»OCO
i-Hi-^-^iOCO^OCOCOCO-^
ofi-rco*''-rio"
COt-COOOCO-rfOOiO-t^O
I— <cocDcoiooiooo)oa
•OcDOIlr^'OCD'— ii— •t^'Tj'
-^'od arco*"t^*"'-rco of I ..
I>-i-H05'-HC0O'-0»DO0i
»-ICO'^*ClOt-t-^l--.r-(
i-h" ^'' of
■^■r^oococo^o•— «oir--co
OlOOOOit^iOTtHio^iO
0)C0t^C0CiO'<f'-<GCC0
oT CO r^ od" ^' CO »o lo' cT no"
cooocor^cocotoior^^-
1-* T-H Ol
O1C0C0I>-'-<»OC0t
O O CO '■^ CO ^ O) '■
TfTfCOGOO^CO'O''
lor^od Tf^co'co"
I I I I I I a>
; i i idSo
: idssg-g
io oi'
_r r J o o o
-,- '7 o o o o o
, o o o o ^^Ho o o
OlCOO^COOCOcOCOOiO
-— iC0'*C0t--O'— i-rfOOl
O'^OC'T'OIOOOOOICO
i-T .-Tof of t-^of to'T-Ti^r
ocoojoi^rf'-HiocO'-iio
COOOO)-— iCOOlOOOlOi-i
■Tt^-rt^OiCOcOOOOiCOlOOJ
lOOJCOCOCOCO-— (COo, --1
OIOO'-HO'-HCOt^r-HOi— I
■-:J^ -^ OT CO*" CO CO OT C<r lO of
lOO^COCOCOCDi— iCO-, <— <
i-io»r--oi:--t--co»oior-
OlCO'CCOCO'^^^OOOO)
oicooooico-^ost^oos
OI01COO^COOOO»0010
■*fCOOICJ)CD00CO»DiOiO
O'OC0C0C0C0»O00'-H»O
COr^OCDCOCTJCsOCOCO
»OiOOOO'— 'O'rt'CO^O
O-— (rHiQ'rrb-'^-^OJCO
lOOlTt^iOTfOICO'-HTt^iO
OOOIOI Ol .-< i-H
.-(--tCOCDOOOIwOOCOOO
T-(COOCOOOOOiOiOcD
T}<c0i0r-(00i0t-01>
OOJOCOCOCOOOCOCO--?
05iOr--CDCOCO»OCO'~HiO
CO"*COOI'— 'ClCOOO^iO
CO-^O^OOCOTfiOOcDt^
OOSwiOOOIOI-^OOiO
COOOOCO-^cOCOi-HOIr-^
cooio3r^t--oocooooo
OCO»DCOCOiOCOCJSt^t—
CO'— '-^oi-rf'^oO'— ir-ir--
oiioojcO'-HoocDOiaico
»oojooeo'*r-cooicooo
COOJCOCOCOCOOl'^^^^iO
ojTfoO'^'cr^cocoTfCO
OCOCOCOI^CO— 'COCOiO
"Tj^OOiOlt^iOiOO^OcO
1— ih-C0'^f*^C00IO'*O
C00^CDC005"*01i:^C0O
.— iiOiOh-OOOOCO^^O
OTf^O^OIOliOOcOOIOa
i-Hr-Ht^COOCOCOOlOOiO
OOcOCDCft^OCOOlOCOCO
COCOCDt^Oi'*01'-H0505
CiC0'--.C0'-H00O»O"*C0
lOOJiOOlrJ^OJ^rOOCOO
OICO"«J*OOTpOt^^O»i-i
Ol ^ -H ^ (M lO 'rf 03 Tti CO
OO^OCOOO^OOiCOOi
Ol ^ Ol ^ i-H CO — I 1-H t-"
oicooioo-^cococor^
(»0010)OClO*00)CO
^TjiOior^ococoQOt^
lor-co-— 'Oico-^i— "COCO
iCiOOOCOCO^OlCOOl^
rJ*COCOCOI^t~*t^COCOCO
i-T r-T of
ICCTJCDCDIOCOOO'-HOSO)
OICOO-^OOI^CS^I^
ioo)oi'-HOicooe":-cDC5
»OO^CO»C'-HiCOOt-Tt*CS
CD-^OOO-'f'— T^-^COCO
.-ii-HOlCOCOCCCOCOi-iCO
cococot^ooocor^'-HO.
t^-^ior-co'— 'COCOCO.-H
COO^-rf^COCOi-icOCDOS
oooort^ocoitci— ir-r-r^
COCOCOOIC001(N«^COOO
rH r-t 1-1 CS .-1 rH CO
OiCOCOOICOCDCOOcO'**'
iocoioci»ococor-»— 'I— I
OOOOIiOO'— iCOOOOr-t
b-b-coo)^'^'*oor-Tt-
cocO'^oiotcoosooiMr-
^ rt r-. T-H Ol »-H CO
1— iCOOOCOCOOOlOllOO
OJ CD t^ Oi ^ CD O t-- >— I
t^ O CO GO O 00 --«
1^ lO rf .-< r-t
. OOOn
oo.
O o O r<^'R
ccwi— »Tt<LOTt<cor--coo
COCOCO-^^OCOOCDOCO
CO'^OOOO'— <o»ooiooo
r-ICOOCOcOlOI>t^OOCO
rHi-Hi-lT}«i-(CO'^CO
cot^«^roiOicoiO'^-+^
t--iOOiCJir-COOt0001
OOOScDOO'O'^OiOi'^CO
CO iO" »0" cT -^ CD CO O lO" CO
i-ii-lO»C0010SCDt-
tO'-'OOOCOCOt~^OIrt*ai
t^oscot^ioo^t^coco
ooa5i>>o)CDooooib-o
CO lo" »o"cr TiT CD h-" T-T irT i>r
i-IrHOICOOIOS«:>t^
<D-^'-t.— fOOOl-— <00iC
'^OOCOOCOt-i— iCOr-tOO
COI^-'^OlOlt^iOOlO'*
cocoiO»r:05uocD>oco-^
oooj05coOTt*i— (cooor^
,-iOiTrOCD'^t^oicO'^
I^COt^ClCOCO'^OOO'-"
or^TT'r-oooiTt^'^cooi
OOOOi-i'^COiOOOrHOI
lo of od" T-T CO CO of CD of oi"
i0C»'-<O|T-|i0Ot0*H00
OCOt-OiOOSOSb^OOT-i
OOCO'OOi'^OS'-HCOOO
cDOicoaiooit--.Tpicoo
b-.— "OOOJOOlOiOcOOl
1— lOl'^^OCD^t^OlCO-^
r-H ,-H Ol
-^**cDco^r^oicooi-HO
•rfCD*-Hr--01COG001COCD
C0C0»-*01OC00100^00
COOt^OCDCOt^OS
1-1 CO--< Ol
lOrt^-— iOC0r^'*t--»O'^
oocDou:i-^cocoT-«ai'-f
OJCOOS'^J^'-'t^t^Ot^'^
f-T rC of of oT lo' oT co"co" CO "
OlCOOOCOOS'^'-'t^cOOO
COT-*Tt*CDCD-^^-001iO
oico*ocooi.— tCOOOCOiO
010>Tt<COi— icocdtj^osO
i-T c<r of CO CO CD CO oT of oT
.-ir-<oit^cooir-o
t^or^oi^Hrooocooico
I>-a>OS001GOCOTfCDCO
t>.cotOTj<cocicoi>-r~-co
CqT^^COOiCOOCOOOiO
coot— OiCCOCOOlCiCD
r-t-o)oiooO'-"-icooo
Olt^ocor^coco-^cow
,-i»-lTt*Tt<'Tt<0^rt*00CDO
oit^Oco^t;--^t^oor--
lOOSOCt^-^OOS'-fOlOl
OOiOiOCOCOOlOSOOl
OOOiCi-OOiiOiOOsOi'— '
■^r»asoit^iOTj«iot^oi
i-<010H^C0O^C0
r^'Tj^cO'— 't^oiOCDOOi
OOlCOTfiCCDTT^OOOiCO
■***r^ot^cDOi<— 'cocoo
OICOOOO'— <t-'^01-^0i
iO00t~-"*«-'01C0OI'~iOl
OSCDOiTt^OSCOTPOli— 100
OCOOOOit^OOOOlOlOl
00"^OOt*<C001cO»OCO
T-(C0i0C00000O-^01
T-1 Ol— I 01
cDOlt-iOt^OO'— 'O^^
1— toior-t— — (Qor^OO
t-CO'-'COCOt^OlOCOOO
01COiC001COCOCO'«^00
I— (I— (■rJ'iOCO'OCDOiCOO
oi-^oicor^r^ocooioo
coasoiTf^asr^O"^
9S§
OOOj-j-g S
- o a
- -w o o S
~ »0 .-I I I o
I I ooo
o "o o '-I'-Co o o
102
STATISTICS or INCOME
On:; a'
■-. o a 13
Ogog
3 a § M «
■a, 3 -a « ?3 o
M 03-3 ^ "^
S i2 °--
O 'S^a'^
0«gS£^
a£a5§^
10 IM iTO M*00 O
CO OS 05 030 »0
»0 CO c^ »o -^
C^ 00 lO lO o 01 *o
^ ^ »0 ^ -HH Trf< (M
CO lo ^ t^o a> '^
CO im" lo'co'c^ »o'^
c^ r^ m i-( 10 -t< o
'rf ,-( IC i-H (>1 C^ (M
CO O --H h- O 01 Tt«
CO CO 10" CO" Cl' trf ^
OS CO (M CO ^ O --*
-rt< 05 10 cn O -— I O
I-< t^ CO r-t Oi '^ CO
•-H lO 00 lO Oi CO CO
00^ r^ -^ ^ ^ -H
1-H ^ W i-H 1-H CO ^
"^ CO -rf* O O •-< CO
M h- r^ GO '^ CO OS
00 CO CO t^ CO Oi tO
coco C^ i-r ^^
CO CO h- '^ CO O GO
Tf< in CO oi CO ^ o
CO <-H 'tj* (M CO o^ r-*
It- .-I t^ '•^^ ^ O ^
rH ,-1 f-t T-H .-H CO -H
UO CO O GO -^ 00 t-
t^ CO t-- f- -^ GO 00
r-. o -^ !>■ o 00 »-<
CO OS ^ W r-H lOl
^ ^^ OS Tt< ^ l^ '— <
CO b- r-- CO Tt< -^ 00
00 CO -* 00 CO CS CO
r-T (N CO* ci cT c^f o
'^ CO »0 CO C^ CO »-*
OS O lO CO CO QO CO
CO O ■^ O -^ CO t—
OS Tt< 00 r^ OS -* <-H
CO CO 00 !>• CD O OS
00 00 CTS O CO CO CO
10 O O 00 10 CM OJ
CO co~ cm" O" -^' '^'" o
i-H r-l 1-t -rj* CM
000 CM OS OS ^ CM
CO 10 lO ^ 10 1-* OS
GO 00 00 <N CM --H r>.
-^ r-T GO cm" CO oT T-T
CM .-< C^l C^ 1-H CM
CO CO 10 03 ^ O ^H
CM OS 10 -^ O CM -^
CO '^ CO O CM -— t Tt<
OS ^ OS ^H 1—1 OS CO
10 lO OS 00 t* O CO
»o CO 10 CO c^i r-- CO
t-* CM OS OS CM OS ^
o" oT CO ■^ CO o "^
CO CM »0 Tjf 00 •-« CO
t-, -rr O O ^ O CM
OS OS OS CO O CM OS
.-1 T-H i-H CO r
I-- CO 'rt* t-H C*» '-' CM
10 1— I »0 CO -— < CM CO
t^ r-^ CO CO OS 10 CO
CM* o* r^ CO cm" op" CO
5 OS h- <-< CO 10 00 t*
) CO -^ coo O „
Jt^COCMrH rH *"
POc
40 f
go
'o>o
7i.
t^ O OS »0 <-( CM ^
r^ 00 CO r- "^ i-( TjH
O '-H 00 C^ 00 O --H
CO CO *0 |C oi" -Ti^ CO
f^ CO CM CO c^i r^ .— <
CO no 't' O CO 00 OS
CO to »0 CO CM CO f^
TjT '^ 00 --H hC ^ CO
T-H .-( 10 f-H
CO 10 00 00 CO CM 00
in lo -^ .--« lO cc r-
CO 10 lo CO CM r-- 00
■^ Tj7 00 ^ b^ ^* CO
"^ OS CM iO CO OTi 00
Tt< t-- -H --t< 1— I 00 — f
10 T-H CO O O CO Tt<
c-i" CO 10 c^" ctT Tt^ r-T
■^ ■* OS O 10 CO lO
CO r^ CM 00 CO TT ,—1
O "O CC' OS "^ CO rfi
CM !>• -t< t^ CO -^ t^
t^ rH .-I --H 00 ■-< 00
O 10 -^ CO CO t- c^
I^ CJ lO t^ 01 OS Cvi
h^ -rf -^ OJ lO CO CO
o o b- r^ CO 00 CO
i-T -^ji" 00 CO CM CO C- J"
1-H CO .-H iO
CM t--. CO CO CO 10 GO
1-H -^ O C7) OS CO '-t
OS OS t- Tp CO CO GO
t^ CO tC CO M^ "^ lo
C^ t^ O OS -^ OS ■-<
CO -^ O OS O rf 10
O CO <0 Oi OS OS •—!
r^ »o 00 -^ 00 "^ r-
b- GO CO OS -^ 00 CO
CM CO CO OS CO
CO CO 00 oc Tf< CM r
■< CO CO OC C^I
O lO CM C7S -^ C
CO CO -"H CM OC* C^f •^*
rH 1-H .-H CO CO
O CM CO O OS m CO
CO 00 01 OS Tj* lO CO
"Tj^" OS 10 >0 |C — r CO
i-H i-l Tjl <0 O CI »o
b- O OS OS O' •— ■ CO
h- CO r-- o oc -H Tf*
OS ^ o OS c-j c: t-
CD GO O Tp TT Os" CO
CS C^l CM CO OS .— I c^^
I-- CO O ^ CM 00 CO
CM CS 00 O tC Tj^" o
C<l GO CO '— t OS CM -^
CM »0 CO CO t^ C^l CO
CM -rJH CO t^ O CO — I
CO "^ OS •— I O CO OS
CMCOOOCMCO'TfCMrHCM
OCOCOCO'^COCM.-H —
COCMCM1-I.-I.-I „"■
,_ '0^0*0^ I
1000,
cr; O' c o I
STATISTICS OF INCOME
103
.-1 CO OS CM -^ 1 t 1 1 1 1
o -^ 1 1 1 1 1 1
o
OS rp OS '^ t^ 1 t I ' ' t^
CO '^ O l^ T** t^
Cl O t^ lO CO 1 ■ 1 1 'OS
^^^CM'r^ ! I 1 I ICM
OS -^ 00 -cr t^ 1 1 1 1 1 CO
CM O SiOcO I I ' I !os
i-T^i-Tcfi-T 1 1 1 1 1 CM
19, 334
13, 994
30, 908
37, 044
27, 529
61," 160
00
1
CO ^ -If ^ -^ 1 1 1 1 lC<i
§^?5S'^ 1 ! 1 1 ;S
CO
18, 542
13,510
30, 305
36, 484
27, 278
"""60,"600
00
i^oo — ' o 1 1 1 1 1 ira
C^l CO ^ CO — t ^o
t^OOa. CO 1 1 1 1 ICO
.^eico M 1 1 1 1 tio
CO
00
7, 958
5, 872
12, 053
18, .542
15, 494
"'"'36,"022
OS
355
974
2,075
3,541
2,018
"""'5,"499
to
■*
819
996
4,448
6, 724
6,924
"""i5,"036
CD
co"
4,239
3,354
7,691
9,481
9,016
"""7,"327
s
■*
10, 085
10, 286
25, 799
41,454
37, 562
""""86,"i83
o
CO
(M
4,814
6,224
14, 973
25, 368
24, 470
""'42,"627
So
CO
1,872
1,996
4,154
6,252
4,364
""'i6,"869
00
1,827
1, 692
3,328
3, 966
3,983
'""ii,"i55
05
a5cococccoira-..-i . . i
o ^tO— 1 toco_ „ 1 ' 1
tOt-i.-<.-l „ 1 1 1
§
UaderSO
50-100
100-250
250-.500
500-1,000.
1,000-5,000 8
5,000-10,000 8
10,000-50,000 8
50,000-100.000
100,000 and over...
Classes grouped...
"a
o
104
71
32
397
266
3,223
1,747
21, 051
^
§
78
79
378
373
364
4,912
1,724
24, 627
is
o
78
79
381
376
364
4,920
1,724
24,848
■ to
■ to
' o
CM
CM
1, 839
3, 215
9, 426
11,045
7,684
54, 393
27, 775
235, 251
ICO
•i
too
OS
00C-4Or-.OCNiOC-l 1
to t^N OOCO>0— 1 1
,-1 W C5 1
itO
s
1,671
2,910
9,339
10, 935
7,483
53, 878
27. 299
230, 014
ICO
100
oo
00
cm"
CO
5
248
972
1.297
1.122
13. 983
11,790
80, 240
1 1^
I CO
1 o
cc
o'
475
233
2,248
2,673
2,923
18, 121
8, 357
72, 864
i
1 CO
00
c-)oiotr:i«cic».-i 1
C^ iQ t^ (N lO O C W^ 1
tl* 00 CC T <N O i
ccTc^M 1
TJH 1
1 "If
1 1^
100
loo
o
CO
- ;g||- i i 1
1 IO
ICO
1 -^
o
to
153
392
1,297
1, 765
1,475
3,340
1,747
26, 109
:8
S5
00
oT
696
956
6,365
7, 358
6, 524
43, 720
26, 108
243, 988
iCM
OS
99
97
784
1,290
1,608
4,888
3,001
17, 482
1 1^
1 C>)
t r*
1 T).
05
CO
241
408
2,099
2, 546
2,250
26. 298
15, 365
108, 385
i(M
ICO
00
CO
253
369
1,773
2, 205
1,693
9. 559
4,398
36, 780
100
lt~
io
1 •'T
00
i
COrHCOM ^ ^„
CO .
CO
Under 50
50-100.
100-250.
250-500
.500-1,000
1,000-5.000
5,000-10,000
10,000-50,000
.50.000-100,000 8
•a o
§i
O M
§5
o
.-( CM<M 1 CO 1 1 1 1 <C^
00
CT) (N CO ^ CO 1 1 1 1 1 00
CO r-i (^ ^ to 1 t 1 1 1 05
<N^rt 1M„ 1 1 . 1 .C4
i
•239
•112
•172
•214
•49
"""""•"294
c
3,559
2, 291
3,710
3,683
2,528
"'"i0.'9fi2
CO
(N
s iS 1 i : 1 1 1 1
■*
3,395
2, 263
3,393
3, 656
2,494
""i6,"966
2
Oi O C-l O t^ 1 1 1 1 1 CJ
-^ oq c5io .-1 1 1 1 i Ico
o
to
1, 856
1, 392
2,133
2, 532
343
4,"379
CO
in"
c^ O"* 00 tr 1 1 1 t . 05
(35r-i o^-(^^ • i i i i o
•* 00 05 to
1 1 1 1 if.f
CO
oo
•<3^
0> O '<<r-100 CO
— 1 05 CO CO 1 1 1 1 1 05
C^ ,-t 1 1 1 1 1 .-1
CD
CO -r CO O rr 1 1 1 1 • 00
tT TT ■«*• O O 1 t 1 1 1 ■*
O TT OS to CO 1 1 1 1 to
2,134
1,812
3,382
3, 6S9
2,791
""""i6,"928
CO
O*
650
420
688
1,143
501
i,'887
>o
587
558
983
862
970
5," 085
to
s
624
489
1, 046
1,070
804
""""5," 870
i
^ CO C^ O ^ -^ 1-1 1 1 1 1
c^ cq CI ^ ^ ^ 1111
00
Under 50
50-100
100-250
250-500
500-1,000
1,000-5.000 8
5,000-10.000 8
10,000-50,000
50.000-100,000
100,000 and over...
Classes grouped...
"3
o
104
STATISTICS OF INCOME
§•3 O O S
■SO."'
o a>
O" o s
a> si >-
(1^ a
■^^s,
'■a a
o ©e-2
&x? « « 2
C3 2 a^ (-f "r3
Q «3-S a'"
'^
R "-^ 1-.-. 03 OJ
•3S
»0C^C0Of0010000cD
i-T ■*' l>r C^ "^'" oq" O O
.-H CO r-1 -^ T-H
co-^as-^oocscocsco
c^iot^cocoior--— <oo
i-T CN co" CO c4" ■^'" lo c-f -^
1-H C^ CO CS CD <-t
;Dt^Oi(Nio<:D»ocooO
i-tcsooco'>»'^w:icoTf
i-H (N "X) M O rH
»-Hi— (i-HcofOcoc^-^ai
COCOQOOl'^OOOOO'^
CDQOiOOOOOO'NCq
oO'-<cO'-HC<»ait--ooco
•"HtNCO-^OCOOr-l
COfNQOOOOiOO-^
coocor-— i-^cocoi-H
t^CTJCqi-HGO-HCD— to?
'^*" ci cq CO c^ o -H to"
cociO>cor^>— 'r-»tooo
--T" --3'*" o |^f ^ CO oi" (N oT
OO-— •O'-H'— 'CDCOCO^O
'-<(NCOTJ<OCO<C-H
C0OCq00-Ht--CN00O
lOOlCO^OCOOiO— <00
t-OcOCOOi-^r-HiOCO
I— < CO t^ to --H CD CO
GO-^CNO— tOit^CNO
CO GO oi" oT --T i>r CD rjT co"
.-Hi-lTjIcO'— 'COf-Hr-tT-H
COCS<N'?I'O0'^C^'*'-H
■— iCOr-it-,QOOGOCD(M
QOOS-^wtNCSOCOCD
f-T i>r CD CO oT CO Tji* oT
^ C^ OS Tf4 CD CD
t^CO'OC^OOtO.-HC^
(NCOCOtPOOOOOIOOCO
OOt-GOCDCDOOCS'OtO
^ tjT CO r-T i>r 00 i-T Tt<"
t^oocNjcoTi^coocsas
Ttt^OiTt*— (CDCDOO
t-00Tt<Tj*(McD00OO
OcT CO (N" CO CO CO CO rjT oT
l-tCOCO-^r-llOOOr-l
Oi-— iCftoOO'^CNICOCO
OOOOCO-^COCOCOOi
Ot— iCOt^iOOOOOO
COCOOiCOiOOS-^t^CO
CN'^f-HCDt^OlCD'-HCS
i-ii-H C^ QO CO 00 CS
GOOiCOCD'— ir-.iO00rH
COCOCDOC^Ji-iTj^cOTj*
■^0»OC^tOOOOO-^Tf<
lO'-ir^co^cDoooco
i-HCOCO'-HCDiOQOas
O'^asCDCTJCDOI^'-l
iocoajoo^oocoi>.»o
CDClCO'^OOt-OOOS
t>r c4" irT t>r -r^ o GO »o -^jT
r-rC0'^I>--^O>'-i'^
CD t-- t-H t^ C
_ _S CD to O coco O O
OCDiOCO'— iCOiO'^CD
•"-T CD t-C" .-T of 00 t-^ Os" CD
i-H'-'COTj^CDGO'OCO'^
COCDtN(NC>CDiOtOCO
coo^r^OCSiOTt^
O (Dt- -<:?< Tj* -^
^, O^OO^i JOCDO
' 2 '^^ ^9 V o i o o o
^00100'-000
■^(OiO00u0CO'«**00
CO»-H00>OOJ00^Tt<
CO O) ^ C^ lO t^
Ol^rfiwoOC^t^O
lOC^CftO'-'OOCD-^f
oQio^r^OiTt^cot^
■^ Ci "^ -^ Tji" C^ 40 --H
t— CDOOCDC^iOr^Tf
COCNOOOi— •.— .coco
OOiOrHCDCi-^COI^
ThlM-^'tt^Tj^C^iO'-H
(MOO'^tOOOOt^
(MtOOlCOOO^COO
ooor^O'-HTj^cDO
oTcDC^o-^'^Thod"
05t00SO0S00D0^-
C^T-H'^CDOlCOIMiO
COCO.-iO'—liOCO-rf
COCD(N'-HOOOOOO
00C0'*<MO'*l>-O
r-T CO tC GO (N 00 OT tC
Oiiooooiost^oot*
t^— iCDfNh-COO'-H
lOCDOSOSOOt^OOC^
CDOCD'^COCDi— ICO
00 00 00 t^
OSCDCOOOOOO— 'CO
OOOOO-— 'OcOOi-H
COOCOOiCSOlC^^-
D OO CO i-H b- 00 '^ 05
I r-H CO -^ Tji O CO M
o^oaicooc^coco
lOr-i-rjHOiOiOtOrt^
1— iCSr-<CDtO>OCOCO
Cf CS' CD CS ^^ Tj'"' CO tN
i-H T-H *0 Cq i-H
OOOOCSiOCii— ICD
OCOTMl^t^t— •— fCO
CSOOOCOO»OCDiO
CO (N CO 00 00 oT TjT oo
COwCOi-HCNCDC^-^f
oioooo-— ii>-ioajco
Ot^OlOr- (TfCOCO
OO —( OS ^ 00 CO —t c
■rriOOiOCOfO'-HCOOO
OSCOOCMOiOOOO
CDt^CNt^l^t^OO
b-ToTLooTtNcoi^t^
coojco t--osoic^o>
CSt-^OO'^t'OlOOCO'-H
COC^OOCOOOOJCSCO
OO'-'iOCOOOOl-^CS
CSCO-HOOO*OOiOi
i-Hf-HCOTp-^lOt^CO
OlCN— 'OOOCOO
OSiO-^CD^COOCO
CO'-HCD(N00COC^eO
OSt^COOOOCNCMtO
^ --H IM CO C^ <M
Or-'M—'GOCOiOCN
cooir-c^osb-t--o
CNt^tOTt<CDOOCOCO
cfcoc^coco'-rroo
,-H rH ■-(,-) Tt< r-l .-(
b-.-HlO'^'-HCOOOt^
Tti (N O <M CO -^ f-(
^ -^ -^ CS -H i-H
'OO ^
oSSsI
OC^ >OM
• oo
)'0 o
J o ^
: — IN
' o c o
d§°.oo Ja
O -^ I i o
I I C5 O O
oo oo o
^oo o ^ -
S Q o. ^
o^^ooo
lO ^H lO ^H »o I-*
STATISTICS OF INCOME
105
611
1,161
3,595
3,711
4,176
7,043
4,041
3,596
CO
OS
(N
1,935
2,748
7,105
7,548
8,450
16, 188
6,650
6,106
CO
1,935
2,748
7,106
7,561
8,466
16, 236
6,660
5,107
00
191, 449
209, 151
366, 018
281,326
215,573
328, 964
84, 504
61,068
8,565
1,870
1,328
1,045
139
468
180
476
i
182, 159
206, 464
363, 128
278, 537
213, 325
323, 340
82. 692
59, 639
i
03
1,048
4,644
13,116
18, 446
22, 602
62, 981
18, 169
30, 172
CO
19, 122
20, 986
39, 496
34, 048
31,494
50,611
22, 789
19, 270
IN
1,086
2,312
7,498
9,042
9, 665
33, 267
11,607
4,899
IN
404
560
1,901
2,289
969
6,595
422
57
CO
OS
CO
13, 596
19, 572
38, 360
33, 083
24, 746
38, 745
7,276
5,766
00
38, 506
51,070
105,829
102, 187
94, 161
193,486
62, 833
67, 189
CO
(N
4,763
4,205
10, 583
12, 049
12, 157
35, 285
11,981
12, 964
OS
o
10, 537
16, 378
35, 962
37, 677
33, 897
65, 152
18, 736
17, 086
IN
21,224
27, 755
51,923
44, 198
35, 621
63, 960
16, 866
13,493
OS
s
IN
O O 00 Oi CO OS II
CO t^ CO M ^ II
CO
Under 50...
50-100
100-250 -
250-500..
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000
50,000-100,000.
100,000 and over...
"3
o
Eh
CD to Tt< CM CO CM 1 1 i i
CO CM CO CO to 1 1 t t
00
»6,514
» 1,717
« 1, 667
»744
«279
» 1,540
of
« 6, 472
'1,717
« 1, 666
•743
«279
« 1, 540
CO
IN
244, 230
95, 671
85, 763
35, 633
19,710
17, 938
OS
00
26, 400
2,057
608
32
26
23
o
217, 108
93, 300
84, 699
35, 370
19, 509
17, 688
CD
» 14, 536
• 2, 621
•693
« 4, 486
•22
2,041
1:^
CO
o
Ol
29, 968
13, 709
15,386
11,748
4,737
3,421
00
00
2,607
1,937
2,374
1,313
2,563
2,121
CO
00
1,770
1,140
1,066
508
1,018
834
i
CO
21,020
11,674
12,641
6,616
2,643
2,956
o
46, 671
27, 722
32,514
16, 473
11,182
11,569
CV|
§
cc?
•
8,961
3,533
5,196
2,478
3,333
1,163
12, 456
8,684
10,897
5,763
2,970
2,989
co"
21, 627
13, 102
13, 097
6,294
3,433
4,191
Ttl
CO
CO
CO -; OOOCOCO 1 1 1 1
C^ O— iTJIrH 1 1 1 1
CO^ <N 1 1 1 1
CO 1 1 ! 1
■*
Cinder 60
50-100
100-250 -
250-500
500-1,000...
,000-5,000
5,000-10,000.
10,000-50,000
50,000-100,000
100,000 and over...
3
o
'tOr-iCMtOi-ltOi— ItOr-t
191
392
1,871
1,644
3,259
6,976
3,805
IO>
1 OS
ICO
jo"
00
00
83
524
812
3,286
3,676
5,999
14, 625
7,055
I03
I-*
•*
624
812
3,287
3,691
6,029
14, 657
7,189
100
1 1^
I-*
5
IN
33, 446
39, 585
132, 365
112,798
135,711
250, 955
117, 187
IS
o
CO
CO
CM ^^ OS b- l:^ CO CO 1
rJiCMOSOSOCM rjl i
t* Tt* 1-t to 1
ii
CO
32, 564
39, 329
130, 687
111, 594
133, 805
248, 503
115, 829
11
loT
IS
(N
>o
oT
o
116
1,513
7,360
13, 068
16, 003
49, 552
29, 625
ICO
ICO
loT
1 lO
i
CO
4,894
6,056
17, 321
16, 708
23, 643
50, 865
26, 079
lOS
1>0
1<N
lO
00
s"
366
428
2,678
4,374
8,978
22, 424
29, 237
1 ICO
lO
1 It^"
8
235
286
1,001
1,619
2,342
4,899
1,250
Itc
(N
oT
3,313
4, 183
13, 664
13, 278
15, 006
32, 497
11,111
100
1 1^
lOS
I-*"
1
9,670
13, 348
45, 077
51, 436
69, 436
171, 288
104, 810
lO
1 -^Jl
ICO
lOS
i
1,563
2,256
7,412
8,353
12, 828
28, 806
19, 662
ICO
1 r^
lOS
is*
1 CO
1
1^
00
2,884
4,387
15, 927
20, 899
25, 410
72, 901
32, 137
1 Tj,
It^
'•o
ICO
4,610
5,768
18, 121
17, 666
24, 018
60, 038
28,179
ig
is
•*
-H(N-*CO00C0COlOrH
t^oooo-^ost^,-,^ ^
R
Under 60
60-100
100-250
250-500
600-1,000...
1,000-6,000
6,000-10,000..
10,000-50,000 «
Kn nnn-inn 000 8
.•a o
si
Is
"3
o
rn" °*
106
STATISTICS OF INCOME
CO -^ .2
ton.
^ O , IB
.£ 05 3 on
Co'- ca
-^, 0)0 —
^^sl
6'"'-'
fe t, o
o a>
©"i
SB'S 2 .t;
|'c>£4J'§
05 O ft
'S- S jn ® O
^3 2 S •- 'n
r'^ a o o p =«
a 2 g~ g o
c3 a
00 lO ■* lO 0> O 1 1 1 to
.-1 lO «IC O t ■ 1 1 *o
(NC^iC^CCCO 1 1 • 'O
O O « C^i .-H (M 1 1 1 t 05
r^ »o oc o t^ -t, 1 1 1 1 ,^
Ol CSJ ,rr Tf C^ (M 1 1 1 to
o o CO c< rt o» 1 1 c ia>
i
34, 260
21,560
50,411
41,965
34, 158
36, 937
""'i6,"946
i
1,283
601
12
42
109
94
"2
32, 768
20, 772
50, 004
41,494
33,711
36, 268
16," 295
CO
» 5, 659
"2.153
» 2, 815
• 2, 832
« 2, 929
« 12, 464
3," 590
i
s
7.974
6,021
11,422
10, 512
15, 421
13, 714
3,"576
CO
1,101
659
3,374
4.419
3,540
3,836
"""io,'6i2
cr cr rt c^ ro :D ■ t 1 1 ro
00 »0 Ci 0 CN 00 1 < 1 "00
•<»< 10 05 C^ -3- (N 1 1 1 10
r-TrtlO 1 1 1 110
CO
8
lo-
6,050
3,621
8,051
7, 700
6,259
11, 587
"'""3,' 602
co
to
11, 252
. 9, 566
• 22, 043
22, 433
26, 855
34, 302
"""'32,"044
on
2,848
2, 765
5,482
5,452
6.546
8,037
4,"855
co
3,350
2, 760
7,610
7.232
9,119
12, 458
'"'"6,'299
i
00
4,122
3,013
6,772
7,010
5.516
8,965
"'"'2,'667
0
0
oo"
co
Tf«OCO0COC^-H 1 1 1
t^ C*3 -^ 0 CO CS -, -. 1 1 1
COl-H ,-i *** "* 1 1 t
0
Undergo
60-100.
100-250.
2,50-500
500-1,000...
1,000-5,000
5,000-10,000 «...
10,000-50,000 8
60,000-100,000-.
100.000 and over...
Classes grouped...
Eh
42
168
622
1,185
1,351
5, 628
3, 206
4,000
ICO
171
270
1,098
2,183
2,232
10, 132
5,646
8,631
ICO
is
0
171
270
1, 098
2,188
2,234
10, 214
5, 651
8,552
is
00
0
5,104
6,570
21, 235
30, 479
29, 230
128. 609
86. 525
102, 592
!o
lOJ
1 ^
C^l .-< CO "* t^ CO ^ t^ I
« (N-v t^ — ■* 1
IC»
CO
0
irf
4,630
6,522
21,039
30, 253
28, 893
127, 042
85, 449
101, 284
1 r^
is
88
00
•80
345
2,198
3,914
6, 525
28. 033
29,112
33, 120
ioO
loo
s
804
1,133
4,130
7,038
6,949
29, 144
28, 292
20, 449
i(M
jo
100"
0
124
287
959
1,600
2,551
12, 341
5,350
24, 692
ii
1 t>r
1 ■<}<
CO
81
88
707
696
767
2,882
3,751
8,237
1 cc
ig
05
co'
491
834
2,031
2,858
3,130
16,017
13, 060
7,646
1 5
'itD
<N
1,662
2,896
10. 744
17, 037
21,953
95, 208
84, 223
99, 087
1 ,rhi
lO
ICO
Ico
1 CD
10
10
co-
564
886
4,093
6,247
8, 903
37, 921
24, 348
36, 890
ig
CO
316
623
2,341
3,985
4.332
21, 9,50
23, 840
31, 004
i^.
CO
C^
623
1,037
3,123
6,161
6,398
21, 962
17, 873
17, 768
101
5J
OS
(N
(O-^tOTllcO-^r-l „,
■0 i
CO
Under 50
60-100
100-250
2,50-500
500-1,000-..
1,000-5,000.
5,000-10.000....
10,000-50,000
50,000-100,000 «
if
15
0
STATISTICS OF INCOME
107
CM-<** i-^CM 1 1 I 1 'CO
1 00 «-i ' t t 1 1 Tt*
i
M rt ,1 rt O ] 1 1 1 |00
1
O «D ^ -J OS 1 1 t 1 1 O
■<3* lO -^ <N CS 05
(N -H rt rt «5 1 1 1 1 't^
<N
4,418
2,916
4,146
6,927
10, 428
""'21,177
(M
CO lO OCO 1 1 1 i it^
0>-* rt CO
o>
4,274
2,837
4,120
6,855
10, 275
""""2i,"200
s
iro
of
OOM <N ore 1 1 1 1 lO
COoS COOS 1 1 1 i 1 lO
CO
o>
1,620
1,309
1,418
2,122
5,002
"""'i4,"228
to
549
257
431
967
2,918
""li,,"46
00
CO
151
121
213
422
1,968
i,"667
CO
966
892
1,198
1,560
2,176
"""28," 183
OS
CO
2,325
2,149
3,516
6,203
10, 237
"'""57,"867
CO
924
1,010
1,309
2,792
6,452
"'""25," 307
CO
451
318
780
915
1,462
5,"3ii
of
640
493
849
1, 650
1,337
""'22,"769
I-*
?5
00 <N »0 00 »0 t^ --H F-t 1 1 t
eOCOC^^i-Hoooooo ' ' '
CM
Under 50
50-100
100-250
250-500
500 1,000
1,000-5,000 8
5,000-10,000 8...
10,000-50,000 8
50.000-100,000..
100,000 and over...
Classes grouped...
i
o
824
1,273
4,978
7,584
8,302
16, 838
5. 956
CD
CO
OS
is
1,629
2,485
8, 628
11,056
12, 090
24, 077
10, 570
OS
o
1,630
2,486
8,676
11,098
12, 135
24,140
10, 593
i
■o
§
OS
o-
00
58. 172
76, 442
188,063
207, 045
195, 171
310, 820
105, 480
OS
CO
CO
i
2,214
1,020
1,784
1,449
873
4,688
2,796
i
to
55, 462
74, 752
184, 039
202, 283
191, 190
299, 252
100, 073
00
OS
9 621
2, 635
14, 951
30, 915
36, 709
105,615
45, 133
CM
OS
12, 494
19,473
54, 443
68, 172
67, 154
142, 099
61.780
i
OS
o
704
1,400
6, 049
8,124
14, .555
,39, 945
8. 129
to
co'
00
802
2. 13S
6,499
7,216
7,078
20, 917
13, 297
?3
s
00
7,254
11,021
25, 960
28, 385
28, 591
37, 176
15, 634
f5
OS
OS
OS
s
22, 357
39, 156
115,191
151,043
163, 481
367, 437
166, 475
2?
OS
CO
00
o
6,418
12, 567
37, 954
49, ,501
59, 837
155, 880
81,824
00
CO
CD
6, 231
10, 950
32, 742
41,422
45, 046
74, 876
23, 407
00
CO
CM
00
8,410
13,115
35, 283
42, 223
39, 645
78, 304
29, 787
s'
§
g"
OC'^»OOC'10UtOS'— 1
0-1<OCOCCO(M„ _
OSlOt^-*IM.-i
OO
1
Und'TSO. -
50-100
100-250
250-500 .-
500-1,000
1,000-$5,000
$5,000-10,000...
10,000-.50.000 8
50.000-100,000 8
>
O
c
g
o
c
1
3
?
i
"3
o
CD CO 00 CM CO CO OC O < •
OS t^ OS CM lO >:f lO CO 1 1
r-i CM CD CO OS lO 00 I I
; i
OS
CO-
.-«OSCOCOb--<^C^'N 1 1
OC C^l t^ CM ^ O OS -< 1 ■
CO CO -^ CD CD CO OS OS 1 1
co" cm" -t*^ CO coco" cm' cm' 1 I
CO
o"
o CO 1^ CO o r^ CO 1— 1 1 1
COCM CD O OOSOS^ 1 1
00 CD ^ CD CD CM OS OS i i
COCMtPCOCO'CCMCM 1 1
CO
o"
co
52, 797
35, 439
66, 999
58, 788
46, 918
81, 767
49, 620
48, 880
•^
■^
1,425
865
820
393
227
802
739
4,791
5
o
50, 783
34, 129
65, 146
57, 235
45, 305
78, 619
47, 335
42, 631
00
CM
9 IS, 326
9 12, 642
9 13, 983
9 12, 812
9 845
9 6, 385
28, 117
38, 310
CO
25, 505
23, 453
46, 680
48, 977
41,583
90, 237
43, 424
75, 630
<3S
1, 468
2, 183
6, 410
8, 868
8, 334
17, 163
6,789
19, 000
CM
2, 670
4,428
6, 377
10. 212
7, 530
28, 544
18, 994
32, 752
o
15, 097
11,583
22, 588
21,871
21,710
40, 175
16, 142
10, 159
m
CM
CO
of
30, 231
32, 968
76, 704
82, 592
84, 328
190, 594
128, 451
218, 657
CM
11,673
13, 820
33, 408
39, 365
39, 226
109, 041
81, 208
126, 944
i
7,110
7, 152
17,343
17, 128
15, 182
25, 769
12, 262
17, 115
CM
s
OS
8, 985
8,689
16, 499
15, 903
14,413
20, 029
13, 833
13, 694
lOt-^COCSCOOlCM 1 1
CI lO OSCO wOS.-t T-H . 1
iC rr '^ CM 1-1 11
i i
1 1
CM
O
CO
Under 50
50-100
100-250
2.50-500 __
500-1.000
1,000-,5,000
5.000-10,000-.
10,000-50,000
60,000-100,000
100,000 and over...
3
o
108
STATISTICS OF INCOME
O-oS ft
'z. °,S
g-o o o 35
1- « c ^
o ©
^■ag
P^l
Q °3§0.''
D«gS£*
n ^- t- ._ c3 a>
g'oS^'S-a
346
735
2,997
3, 632
6,677
19, 595
11,677
21, 904
1 c^-
1-^
686
1.226
5,038
6,328
10, 712
35, 935
18, 294
31, 400
0
686
1,215
5,047
6,355
10, 740
36, 068
18, 367
31,563
1
1
00
22, 762
31,948
100, 469
111,034
146, 855
399, 084
176, 089
335, 837
ICO
10
1
!
^+1
CO
206
28
1,377
1,344
425
985
386
1,187
Icq
to
22, 341
31,550
98, 113
108, 405
144, 352
391, 229
172, 227
326, 974
IK
1 C-)
ICO
CO
CO
338
2,242
11,741
19, 486
30, 273
110,474
68, 335
11.3, 114
1 CO
QC
4,497
6,729
19, 349
21, 886
35, 076
147, 705
71, 663
213,881
It^
Icn
295
1, 243
3, 854
7,296
7,730
49, 919
34, 706
59, 582
IS
1 0
1 1^
i
244
6.30
1,997
3, 032
4, 296
31,962
24, 027
75, 463
1 -^
1 CO
1 05
ICO
00
2,371
3,286
10, 608
10, 790
15, 390
31,713
13, 327
21, 857
10
IS
10
0
0?
8,337
15, 028
50,711
66, 354
97, 068
395, 339
227, 019
503, 682
IS
• 00
1 -^
00
>o
2,448
5,011
17, 812
25, 554
38, 208
193, 233
121,581
274, 326
i(M
1 a>
CO
CO
1,860
3,453
11,441
14, 480
20, 298
60, 109
28, 721
66, 375
1§
lof
?5
3,313
5,075
16, 293
18, 385
24, 603
79, 788
42, 852
65, 397
1 1^
1 1^
1 >o
1"'
i
00.-<OOCOOOCOC^oo
M CM « r-l ,-1 ,-1
* 1
1
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000-..-
10,000-50,000
50,000-100,000 8
X3 0
"3
0
CO M (N t^CO ^
,_,
rl OC. -^ to
GO
00 CO ,-1 to 00 CD
100
0
°°
** 1
1 **
-
, ^
,_,
to 1
100
0
° °°"
' 1
1 **
-
CO 0 CO CO' CO C4
r^ 1
to
to Tt< to CO 0 T!<
icn
01
'tH CO 0 CO ^ t^
1 ^
r^ Oi to CO .-1 0
t^ 1
1 0
0
r
CO
T c^j 00 ^ o«~ <:ci
CO
^ .-1 c^ 00 0
0 1
1 -rf
0
C-l 1
1 xii
rt rt IM .-H CO t~
to 1
1 10
0 CO 00 r-l ,-1
'O
r~
Tj<,-H Ol (M CO
CO 1
lOC
to
0, A a.
1 .— (
r
•=»
lO
0 (M to C (M 00
T-* 1
0
I--
occ cocooo t-
00 1
1 0
cD CO Tf a> to CO
00 1
00
IM 1-H CO ■*<
..*< 1
1 ..**
IN
00 1
ICJI
0
,_!" ,_!" 1^5" ciT
r-n" 1
1 T-7
■ to
1 CM
to 0 CO CO CO CN
to 1
It^
COCS tococr t^
1 CO
uu
^SH CO t~ M ooco
CO 1
1 ,—1
co' 1
1 r-T
(M
CD
CD (M ^ t^ 00
rji 1
t^ 1
C-)
Ttl TJi 0 CO i-i 05
w WCOIN COCO
a> 1
1 1^
co"
TJ<
.^
IM f^ Tjt CO to ^
.-T 1
1 to
CO
0.
01 0 Tl< 0 CO C^ Cs
j^'
u
ct 0
Under 50. .
50-100
100-250...-
250-500....
500-1,000—
1,000-5,000-
.«;.oofv-io.nno
ll
3
0
00
is
STATISTICS OF INCOME
109
2,578
3,874
7,867
10, 808
12, 965
28, 682
22, 366
31, 176
'S
lO
105
CO
CO
1
4,879
5,475
12,0(5
14, 774
18, 242
43. 091
32, 159
44, 204
IIM
IS
iod
00
00
4,880
5,485
12, 084
14, 830
18, 357
43, 388
32, 767
44, 456
lO
100
05
00
00
119, 788
106, 624
181, 508
176,408
190, 244
403, 466
215, 613
286, 874
i(N
1 to
00
25, 658
16, 608
19, 964
2,462
1,913
7,369
1,303
3,406
1 1^
od
93, 111
88, 832
158, 830
170, 337
184, 453
384.110
204, 863
265, 604
05
00
1
988
11, 784
29, 760
39, 522
56, 383
166, 623
132, 482
184, 147
1 Tt^
iO
1 CO
S3
30, 277
29, 807
55, 472
48, 908
60, 284
118,619
54, 090
114, 043
PIM
PC<3
PIO
00
2,497
2,847
7,139
10, 486
18, 444
45, 515
19, 197
48, 130
jo"
CD
2,807
3,208
8,938
10, 541
13,116
24, 903
29, 013
23, 492
pM
POO
\m
PCO
§
en
14, 036
10, 473
18, 463
18, 337
21, 145
39, 143
16, 418
37, 344
pO
poT
CO
05
55, 505
62, 710
128, 794
137, 728
181, 987
430, 990
275, 790
441,319
POO
20, 038
21, 400
43, 130
44, 403
61,776
119, 574
74, 343
109, 473
pt^
■ o
pcr.
s
to"
4,953
6,085
12, 923
14, 613
16, 355
41,976
13, 253
18, 720
PtD
POO
p>o
§
to
CO
21, 942
21, 381
37, 652
38, 942
44, 506
105, 771
49, 647
80, 504
■i
'§
lO COOOM IM IN
* I
1
in
Under 50
50-100
100-250
250-500
500-1,000....
1,000-5,000
5,000-10,000
10,000-50,000
50,000-100,000 8
■a o
II
2o
"3
o
•**p CO to 00 to r^ p c^i p p
00 CSOOOOI> 1 OJ P p
,-p .-p rt pp^^ p p
o
00
THCOlO-^TfOlCOO P P
CTtOO!— ITJ-CSCOCS p P
p-P p-H CO (N t^ ,-H TT »0 P p
OO'^CO'COM'-CO'' "* 'p P
tOCNOJOOC-ll^OJCO p p
*-< to 00 O -PS^ C^ CO p-t P P
p-P^COPMt^^^iO 1 P
oo"c<rco c<o -^J^cd* ** 1 p
to
c5
131, 105
47, 672
59, 883
43, 636
48, 904
56, 338
17, 671
18, 108
CO
29, 178
8,509
9,316
484
1,453
653
440
s
o"
100, 826
38, 6,58
49, 768
42, 0.59
46, 730
54, 697
16, 382
17, 832
CO
9 32, 606
9 5, 891
9 6, 851
9 6, 100
9 13, 778
9 1, 518
3,576
634
to
54, 797
21, 400
27, 091
20, 195
17, 845
12, 142
1,944
10, 383
to
4,127
2,880
4,985
4,737
4,993
10, 072
5,384
6,000
7.076
3,881
6,616
6,892
7,024
14, 985
5,813
1,698
30, 868
11,560
18, 246
12, 640
19, 466
26, 044
4,855
10, 089
co"
75, 259
38, 916
57, 373
44, 265
47, 9.53
67, 521
22, 400
36, 371
00
o
§
CO
31, 323
15, 078
20, 447
15, 174
18, 135
14, 499
11, 025
6,181
IM
6,716
4,144
6,991
5,919
5,178
3,998
1,487
670
2
lo-
co
23, 832
10, 514
13, 792
9,090
9,005
12, 652
5,160
2,579
lO
to
rt OOtOOCTit^COCO P P
00»O t^CO tcco P '
t^lOCO — P P 1
■*" 1 1
to
Under 50
50-100
100-2.50
250-500
500-1,000
1,000-5,000.-.-
5,000-10,000-...
10,000-50,000
50,000-100,000
100,000 and over...
o
E-i
cocor-r^ioooooooor^
(NCDOO'-iOifNCN'^T^^^
1-* (N t-^ O* ■^'" Oi" OT CO O iO"
•-< rH -a* CM 1-1 C
to(NtOr-.ir:iCMCMcocoa>
COh^OOCOCOOOOOl-^OS
C0r^OOCM0i00'^05»0
cm" CO cm" lo"" CM oT CO (-*" c^" cT
i-Hi— tCMCOCO-^cOCM
»OOQ005rJ*05CCCM»f^.— I
COOOOOi-n'^OOi'^cD
coi^f-HOcO'^'-Hcooir^
cm" CO* cm" lO cm' o' b-* O*" C^f CM*
b-CO-Jf-^OSiOCO'-^O'— f
t--i-*h-co>-*Oi(yM^r--'— (
t-^-^OoOOSCOOi^OcO
OOOOtOCOiOCCOOO>00
r}HCDOOOiCMai»OCOCMO
i-ii-HCMOCMrHCO'^
OOCMOiOOcDCOr-tCMiO
i-T cm" cm' cm*" CO*" CO i-T
TTlOOOCOCOC^IOO'^'-Ht-^
.-iCOCMiO'-'COOC^CMO
CO-^CMt^O'^iOOCOiO
r-T co' I-T 00 o* o cm" OC ■ CO cm"
TTCOOCOOCMOO^OiOCO
1— iiFHCMiOCMOCOrJ^
CDOOCO-- 'OlCDOOt^CMt^
coojo^H'— -cMcooocroo
COOS^CMCOCOOil^OOt^
CM-'st^CMiOOcD-^OOCM^
:■ r^ CO CO t^ o
1-1 CO CO
r-OSOiOS^OO-^CMCMO
CMOiOi'^CMOOiCMCiOO
COCOCOCM^^OOOOO-^Cl
t-li-l-^iCcOOOOOiOcO
CMCOCOGOCOCDCCCMC5(^
(yi^Tt-oCiOCCCMCOCOOS
OCMi— 'COt^CMt^t^O-^
1-iCMCOOCOh-^-HOiOO
i-iOOCDO'^CMCO'^iO'^
TfOCMr^COOCMCMCMiO
COCMOOiOOCO— 't'-t^OO
i-iCO'^Tj'iCOS»CCM'*
1-1 1-1 CSCMtP
o>ococO'-<coo5cor^oo
r^cot^t-^CMcor^ioco-*^
co^root^i-'cocooiot-
<D t*^r-^or^"eo ^o* ■»*<" lO
i-li-lCMCOCOCOO-^
-^fCOC^IC^lOOCOCO'^h'iO
t^COCCOi-rt-,— II--,— .OO
OiOOCOCM--«OOOt^t^i— I
O" -^ ^" O co" CD ^ lO b-* C-f
CMC0OC0CDCDC00ih-05
i-(»-Hi-iiOCMCOCOCO
COCOO»nOCMOmcOiO
TfOiCOiOOiCOCOiCOO
CO^CO"^'-*cO'*CMi-iC75
•^ os" o" oT GO c^f »n CO od ■^'"
COCOTt^COOOt^CM'^
y^ ''l^i-H CM
COCMCOC?>CC'^CMCO'^0
OCMO-^oooioc;©--*
CO»OOOOOCO^CDCOOtP
'<^" t--" cT CO CM ^"oi" 00* -^""cm"
i-iCMCOO-^C^JCit^
O00OOsO»OCMcOT*ti— I
Tj-mh-CMCOC^lO^t^'^
00»CCOCM^-C:i00»Ol-HCO
t>r I-T CM r-T ccT co" Tp o" TfT o
i-ICOCO'<**TfCOOOCO'-i
rH CM 1-1
COcDOOOCMiOi— tCOCOCO
CMGOCOCOCOCOTtlCO
O '^ coco CM CM
■ oo '
- O lO o ^.
^-^OOl
' O O O -< ^
8S§g§S
OS-T<.l.iP
OlMupr-oooOO
114338—39-
110
STATISTICS OF INCOME
!- P
■-^^
O-oiJ ft
O gOc3
2,3
CO CSTD "
Is;!^
Ph fe
t3 en °^ A
•a«,. 9 5
o
0^5 i
! ».°
5^-3^
•38
■^ -rt* -* CO t^ <>» CO CO t 1
COCCINCOCOIMCOOS 1 1
(N
00
40 05 10 Tf Oi CO CO OS 1 1
T*^ -^ t^ Oi <N CD f^ 05 1 1
CO ■<** »o 0 to >o lO r^ 1 1
Tj* t^ 10 10 — ' CS .-^ 05 1 1
■rt^ -«J< 1^ 00 ^ "rf t^ GO r 1
CO Tt* to 0 »o 10 to t^ 1 1
•flTr^c^.-rc^-co''" " i 1
00
to"
39, 469
23, 921
34, 523
24, 961
36, 995
58, 247
17, 636
22, 866
en
<o
a?
S5
918
291
443
149
112
2,260
75
00
38, 140
23, 405
33, 644
24, 354
36, 396
55, 092
17, 459
21, 949
0
« 19. 583
« 6, 490
9 4, 490
9 870
9 3, 122
7,552
8,571
17, 175
26, 714
17, 790
25, 308
17, 585
25, 957
22. 330
18. 964
11,960
CO
co-
co
2.913
2,488
5,100
4,282
6,282
15, 628
4,065
2,887
1
co-
2,436
2,209
2, 526
1,824
5,345
7,561
5,530
14, 144
•0
12, 708
6,472
10, 822
7,157
9,438
14,418
1,296
2,238
OS
>o
CO
29, 961
25, 150
42, 590
31, 747
45, 667
72, 113
40, 903
54,898
00
0
co"
CO
7,668
8,003
14, 476
12, 444
19, 159
32, 024
13, 523
36, 535
S3
co"
5,603
3,259
5,931
4,520
7,769
11, 703
4,710
2,400
a,
00
•o"
7,711
4,834
9,137
6,387
8,833
11, 951
4,725
2,998
co"
<o
10 0 ^ 0 OS 00 CO CO 1 1
jjcocooicoco 1 ;
(N 1 1
0
co"
Under 50
50-100
100-250...
250-500...
500-1,000....
1,000-5,000
5,000-10.000....
10,000-50,000
50,000-100,000..
100,000 and over...
"3
0
o
D
o
W
«
•^wC^JMOCDCOOi— iCN
coosoococ^iot--c^Tf<r^
rl .-< 00 OJ O -^ C
C^ t^ CO CD •— I 4 .
ooioot^oo-— 'Qor^-— '00
co»or^05coot^a5coo
•-«C^COCDCOC^'-*r- <iOOS
^ --h' CO w tC tC c^ o
--I r-1 r-l CD
CO »0 b- 01 -^
"Tf C5 00 CD GO
H c-j CO CO CO c^ cj CM L.-:! cs
»4 — r co" ^ tC i>r w -h"
rH r-l ^CD
CT:cDCV)ioO»jOOCJ'— tC^
CD01C0ai0COCD*0C0-»*
iC'^oct--Troicot^coo
'^(N'^rC^oc^coOco
.-HC^ C)1000tJ<»0O'^
--I -H -H CO CD
2)^^01— ■'— 'C^cocor-co
pcocoioi--'Mt--ioaiai
c^<— «r^ »— ic^it--t^ioco
CO co"i~rco oT
»0 !>• 01 •— I O r— 1:0 ■^ li'D Oi
ocoo—'— I.— .r*.(-^coTt*
COOlOlTfOsCSCNCMt^.— I
^ c<i CO h- o 00 CO >— Tt^oo'
r-iCNCMtOI^CO»OI^OO
<M
»o »o »
ISTft-^COCC-^COCT)-^
. ^ to t-- -^ 01 1^ CO t^ TjH
CTicorf*-Hoi'— 'Oor--cot->.
•-H '-nC'ltCco-HtCc'^Tj^'
■ 0 wco
COC^ iO w^
GOCOCD'^CNCOCOOl'-HCO
— 'OOO— •OICOOSO'— 'r- «
r-— ii-HOOWC^iOOC^OO
(N r-T Tj? CO 00 cnT TfT »o ^' _T
■<** CO 00 OS o
»0(NCO"OCOtOCMi— -OTt*
COt^CiOscOCD-^jHiOC^— I
<NCOCSCOOOCSCDCNJ
r^C^ 00 00 <N
CI o> I- ro t^ 01 00 O O lO
io05cooncoo-^05-^0
tOCOCOtMOiOOl-^
--Jolcooo »c
i- CO CM CO i^ CO oi ■rji CO 00
00-— iC^JiO-^-rt-t-,,— I050S
COCOCOOOC^OiiO^t^OO
Ci C^r t^* ^ iC Ci — - iO
C-i -H CJ CM M<
■-^CDOOOOOICOOOCO— 't-H
r^OCDQOOb-OSiOCVICO
COiO-rJ^iOCOGOlO^HOCO
•-HCMOi— 'CiTf'cO'— '00^
»nTt^05CMt0l:--C0C0O'^
-^oco-^cocMOs-^r— <Tj<
■^OCMiOOCiO-— -lO^CD
■^ t-- 10 CO OS -^ OS 0,00 Tt<
>— 'h-CDOOiCoOCMOS— <
CN CM CN CD C
■* 00 CO O CD
»-(T-(Tt<OlCO'^CMCO
.-> r-( CO -^ O
0S0SO»0»-HTt*t^-^CM^
lOOOCOCMCOOlOc'^COCM
■^t^OOtOOSCOiO^COTj*
CM'^^'rt*OcO(M03I>CO
CD CO CD CO rf< »0 ,-( ,-4
§§§sl
o-oo-i"
^ O CD o o o
STATISTICS OF INCOME
111
c^cocooi'-Ht^r*oocD
lO CO OS !>- 00 O oo
w
W
o
p
P
W
o
w
Ah
O
t>
o
<
O-^0it^»O0000(N02CD
oi>'COCMrj'coTr»0'— '.— «
lOC^COiOOO^OCDOCO
o^'-cocJTrco■^»0'-"'-^
iOC-lcOtOOOiOCDOCO
r-l ^ "■ Tt* — I CD
CO'-HiOCD'-HCliOOOSOO
c^^ Ci w c; r- c*-: oj (N OC' 03
CO^OS'^'^C^O^OiCOi
iOC00000C0iO'^CDiO»O
CD t^ O <N CD 00 CD C
OOiCCOcot-COCD^OOiCS
cooooiOco^coTr«^-«*^
t--C^CDCOCOCOt-t^'— 'W
TrCOQOOOCOTrfMfOO:iO
(N-^CO OCSCO
iOOCSOOt^OOSCOCO^
OCDcDt^OO-^OCOOlTt^
COOOOOOCOOWOCOCD
TT'CDCOr-OiOS'^O^C^
OOCiCDf^'-Ht^iOCOOO'^
"^»0'— '"^io»o--'Or^co
CS(NCOCOCDt-(NCOOiOO
1-H C^ t- w 00
C<IO>'«*'CO— i(NTt<CDOs
1-lCO t-05
-H-rt^oosr^oo-— COtCCN
t^QCCNOGOiOTrcOi:/:iO
WCOCOCC0505CS'-<-«^0
C4iC»oio'ocd'
Tt<CSOt-00<N05t^t~*00
t^CDOCD»OOOiiOO(M
050SiOiOOiOi005(N<N
.-ti-HC^c^c^ooioos-— -r^
'^Ot^^t^COOiOOO^
eocoi^ociccs^-'HOi'*
d00C0CS'<J'CMOOl-^'«3<
CO C*f lO l>^ '-h" C^ O --^ t'T 00
-^coooo
rH r-. CD
T-i Tj» -^ CO 00 o
CD-^OOtTCOCO-^CDCSCD
iot-~oooi03C^r^t--ooo
■^Tj^CD'— it^cDCOO^tC
1-H.— ((^^TfCDt^^l^»ocD^-
CDTrOtOQCCOCDOO-— 'CD
CDOiOCDOOiOCSOCD-***
COC<|idr>.>OOCD"<*<OiOs
»0 CO O M 1— I
eooooit^oioco^-^cD
03»-i»OiOCDCOOCOCSOi
OOTfCM-— (iOOOlOiCDCD
rt,_,^0-^t>-C^iO
Tj"GO»OOI>-OOiOCDCO-^
c; CO CO (M •-« i-i
•' IQ »-H CS *C
>
oo ■=>
oilofl
S§oSS=«
OiO -H I I o
-J" -L J. o o o
V o o wOO
^o oo o ^
o R'-^o oo
lOr-40il-<NC<»Tt<0
t^t^OOCDOOlOO
■*J<.-«iOCD»— fiOCOOO
•-I CO CO iO lO (M C
40030-^OOCSrrt^
.-HC?0i»O'— 'CDOC-^J^
»-< O •'J' 00 »0 -— ' OC t^
r-T ^ lo lo CO cJ oT o>
CDClOOt^iOOSCOCD
^CDOSCDiOCDOIOl
rHOi'^OOlOCMOSi— f
t-H^ictoodcToTo
cDOOiCSiOCScOi— <
OOt^COOiCOCOCDO
•-hOS'^CNCDOO'^O
CO ci oi" 00 t^ -"-T r-T tC
c^cocDt-aiOco»o
Ot^COCD-— i'^COO
cot^icoioci^oct--
C^ Oi CO t^ CD ^'^' — ■ Oi
|-^ O Tf 00' t- cs »o ic
' — ^ tC CD Tf' t^ rC c^
■ -i Ol Oj "^
^ .-* (N
iMC0C0t>-O:OiOj-
CD(NWO0(NCD'~<f-H
t--00— •COOCOt^Tt*
OOOOCOOCD"<t"-Ht^
i-H 00 »0 C^l ^ 40 CD
i-H (N l^ lO TT
CDCOCDiOOlN'-'O
coos — c;t^tc*oo
(McocD<M'<rt--coro
OOC^CDOOOS'-HCDTj*
' CS C^ CO r-( Oi CN I I .-H
COCDOi-— lOC^lC^tO
OOt^-CDOCSTft^
CDOOCD-— 'ICC^O-^
CO CD — CO — t^
.-HC0Oi0C0--'i-(O
lOCOWiOOC'-OO
r-T CO CO CD CO Ci Ci
GOiOCO»0(NC^tiOTt<
iCTftot^m-— t.— luo
iO(Mt-*OS'«J*t^CDt^
CO -^ 00 00 OS GO 05 oT
—I -^ . .,-H
Tt^C^I^t^CSOi — t^
(NiCt-COOlcDCOOS
,-HiOiOiCCOCO — 00
COC^lCOtO'^'-'OOiO
f-iC^iOCOOSOCOTt*
COTfCMt^CDCDOOC^
OOlO-^OJt^t^OO
OioO'^dor^OiOs
''J'OICOOCOOCDCO
C4 CO '^ TJ* O »0 I ' —
r^o— 00*0*^0
'^J^t^CSCOOOCD — ^
CDt^t-HC^t^COOiC
e^ CO oT i-T »o CO 00 CO
J O t^ !M ' ' ■-'
OOODCO^t^OO'^
rr CD Tj^" CD -4 00 -^ ci"
i-< 1-H CS "^ CO t-
OOC'^COiCCDOiCSC^'
lOOCOOOCOCOOlC^™, Q
lO CO CO -— « I-" '— <
£ o o o — . Y
t-^ U3 ,-( C^I lO "
oo <^ 3
c^O O--. o
7oii ^
o o o o m
g=-=.o.2
§2g2o
t^rH,-iOi«OOOtO 1 1
r-l CC ,-i TJ, C^ U^ 00 1 1
1
9 1,905
9 1,319
9 2, 392
9 1,992
9 2, 337
9 2, 395
9 1,640
9 1, 779
« 1,905
9 1,319
9 2, 389
9 1,976
9 2, 333
9 2, 383
9 1,640
9 1, 754
05
22, 598
13,613
25, 030
23, 226
18, 776
42,946
8, 563
24, 757
en
1,125
437
1,230
160
329
186
38
56
CO
21,202
12,878
23, 347
22, 651
18,023
41,709
8,345
23, 641
9 11,792
9 5,714
9 8, 308
9 639
9 18, 000
11,136
360
31,775
CM
00
17,151
13,998
27, 326
21, 607
21, 239
43,808
9,589
24, 289
o
1,644
2,065
2,937
6,686
9,180
12, 383
8,777
17, 968
o
2,127
2, 583
4,719
6. 276
12, 101
15, 643
6,140
17, 659
8,176
5,975
10,144
8,066
12, 632
7,270
5,011
3,142
8
19,929
21,221
41,743
44,971
39, 489
97, 385
32, 023
102, 157
S
00
CO
8,897
11,191
22, 167
27, 477
22, 397
62, 637
18, 685
69, 088
03
of
3, 751
3,026
5,985
6,373
5, 350
9,975
4,796
7,669
to
■0«
4,941
4,341
7,292
6, 765
6,113
17, 174
3, 915
9,842
00000050Ct»Ot~ 1 1
O 05 t^ OJ «0 -^ II
?3
00
Under 50
50-100
100-250
250-500
500-1,000
1,000-^,000...
5,000-10,000
10,000-50,000
50,000-100,000
100,000 and over..-
"3
o
112
STATISTICS OF INCOME
Cash
divi-
dends
paid
Com-
piled net
profit
or net
loss'
^ r^ S
o a>
2-sas
o s ° '^
OS
« 9 ^
^ PI S C3
oast's
ri O d o 01 "
r^ I tn — O w
"2 I* OS 0 ■£
□ *^ l-^ .« C3 O)
o'SBis'3-S
C3 03
en
COCO-^CO»OOCO»-HCOO
OOOiCOCMOJO'^COCMO
COCD'!*^-TpCOOOOt-^-<*<t^
CM CD — » 00 'rt^ -
J CM CO CO CD lO UO O
Tft-^CJ-^CD-^b--— '>—<■-**
J-HCOOOCOh-CMOO-^O
•-(CO-^CDCO— 4CM00CO
OcOCOb-OOOOCOt^^^
CDt--iOCDTf'^'— 'b-CDiO
CDCDOCOCD'^tO'^r^O
CO-— tt^COCOOOCOClTt^CO
r-HCO-^COCO— «C-1C0CD
CM»0-*t^COOO-^CnCM-:t^
OOaiOiCOCDCC":>lr--cOOi
ior-t— oioouO'— 'CMcot--
Tt*C0CMTt<^--HCM00CO^
r-CMCD<0050QO— IGOOO
r-(CMiCCOt^CMCiOiCOO
OOTj^TjiOiiOr-HCOt-CO-^
O CO OJ C-1 CM -H CO 00 »o -^
COOCM'-HCDOSOO'-iOii— I
OSTt<CDCMC0CMTP05«OC
CO»OiOOC003C0010«0
^OiC^CDCOCSCDOCMO
--tCMcDOOCrnOiOOOIb-
'^X-HU^lCOCOCDCOiO'*
CD— <ioast^io»OTt<oco
r-cCMtOtot^-— 'OOOCOOi
— < o Tt- to o o :
CO CO GO t^ C^ --H I
o o) ci ^ '-H o :
iO'*J<>-HO-^OCO-HtOb-
_ r-ICO'-HCO'^COTjIOOl
i-H -H CO CO b- CO 00
OOOOt^rHCOt^OCDCO
O5CMt~^'-Hb*00-^I>-Tt<CO
CMt^i— lO-^COCMOOOOOO
Tt*CDGOOOOJCO-HC5COOO
•^lOiOCO'-^OCOCOt^CO
'-H'-(CMI>COCJ'^CO
OOiCDO]COCMcD030CO
OiOb-CMCOOO'OOSOO'— <
OSCMt^a>tOCMb-l>-l:^'«*<
CMlOCOTf<COOSCM'-«t^Tj'
C^COOO^OS'-ht-'
CM -H CM —t CD
-H0C*^-HC0C0-t^OCM01
CO lO Oi CO '
OOCM '^ tP O
COtOCDCOI^iOCOCMOOCO
'-•'-hCMCOCOOiOOS
lOCOOOi'O'— 'COt^CDCD
r^CMcs-— *Oiroto»oosco
'^O'o^ooaicst^cob-
OCO'^»OCOOi»Ot--'^CO
CMCMCOCDOO— ■Oi'— "OOOi
CM CM CM
tOOlCOOCiO-— 'OSOO'-*
lOCOCOOCOGOCOr^COOO
OOJ'— 't--COCO'-(t^CMt^
COC005'^OS!^b-iOCDO
t-. _H -rlH O) CO CO CO >-« Ol .— t
WfO-**>CCiOCOC^10
OOCD-— 'GOOi-- 'O5O5C0CM
CM t - CO O T J O to 05 O CO
1— i00CO»O»O"D'X)'-HTPCO
C^r-C0--*CMQOO»0'-<0
CMCO'-^Tt^OiO'^t^OO'^
rHrHCMCOCOOS-^-^
COO-^CO— 'Tf^COOICMO
-—•tOGOr-COb-QOCMOOCM
O-^CO^OOliOOOCOCMTt*
CDC0CMTt^t--I--ai05C0C0
1— iCMooO'^J'aicoob-t^
1-H f-H TJH CM to r-. CO
.— 'TfOir-CMCOiOCMiOCM
OOOO'-HiOOOCOb-iOCOO
CDCMCOOOOi'^OiOOOC:
QOOitOCTiCOOlOOOCOOO
CMcoo— 'lor^'ocooj---*
r-(r-(r-(''^CS(»Or-(CD
r-TfTTCMcot— a>CMi>.r-i
OOf^ClC0CMTt<CM— ICM
^:O'-<-^00O5r-i^
;osr-.oo5
M iO .-H
CM to ■■
o »o :
' o o o o o
I iO I— C lO f-H lO I— I
o -^ t^ CO w:i o> CO 1 1
Tt< to (M !0 IM >!>< CO 1 1
C^ CO »o -^ O ' 1
IM
Tf^t^r-l— iQCCSt^lM 1
CD OS t^ t^ ^ *0 -^ O 1
lO r-i CD I^ 05 "0 00 CO 1
00 rJ^lCcD CD CO -^'lO 1
1 <ji
1 o
1 uf
OO
1^
CD
CO
cor^O^H^^CS-rt^C^t 1
CO 05 CO -<»* >0 CD 05 O 1
»0 r^ CD t^ 00 -^ t^ CD 1
00 •cJH^t^co 'CO CO -^iO 1
1 "O
1 >0
130, 385
64, 771
123, 098
113,712
115,024
228, 480
105, 499
320, 087
100
1 -^
CO
o
7,572
1,587
3.409
1,378
330
3,083
654
3,121
100
121,736
62, 570
118.508
110. 682
112, 983
220, 522
102,411
314,015
1 en
jo
loo"
or^osoo^^^oo 1
t^lOCD-^OMO-^C-J 1
OC33COT)iOCOt^iO 1
— Tco GO CO C^OO^-H oT 1
100
s
75,023
47,259
89,211
77, 869
71, 738
173, 648
69, 371
66, 095
1 CO
1 b-T
05
6,768
6,094
17,041
19, 295
20, 616
51,642
22, 237
35, 135
;§
1 o
' o
1 CO
00
CM
00
i
6,186
8,111
1.3, 963
17,531
19, 569
46, 707
34, 214
75, 743
1 r^
;s
1 oT
1 -^
1 c^
36. 865
22,723
40, 961
31, 235
41,062
58, 107
49,218
42, 232
1 CD
r -^
1 d
1 o
CO
00
00
86,478
66, 944
147, 606
139, 993
170,072
384, 610
192,020
231, 231
1 OS
1 ^
S3
30, 480
25, 885
59, 870
59, 803
76, 408
160, 538
81, 135
127, 115
lOi
CO
17, 835
13, 908
30, 623
30, 338
32, 047
75, 380
41,755
40, 578
t .?fi
is
i
o
"5
24, 197
14, 419
29,705
24, 878
25, 791
67, 901
28,230
38, 428
t b-
1 -rf
1 cm"
■ t^
00
-S-C^t^cOC^OJt^^— 1
OiOC^OT(<C»(M-Hoo
O 03 Gi '^i C<l ^
'!*< *
i
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000..-. ..
10,000-50,000
50,000-100,000 8
H
^ 2
i-i
So
o
STATISTICS OF INCOME
113
COh-r^'^t^'^CMCMCOO
oocoosf-oior^ot-'OO
i-HCOtOOS'^i— it'-tocO
CM -H CO t^ OS'*
OSCJSOSCOCO-^COCMOSt^
CSOOSOStOOO'— •'-«'— 't^
rHCOOOiCMt^OtOt^CO
.-T to 00 CD --r— J' CM
I— 1 CO CM **
OSOSCSCOh-CMOt^'^'^
OSOOSOSCDO'— tOst^O
•-HCOOOSCMOO'— 'COOOtO
rH to 00 CO '-' — ' -^
cooaiTt*oo— 'Tt^coor^
OSCMOS— lOr^CO'^J^OsCM
CM.-HOCO'-'t^COOOt-^CO
1>. CsCMt^OSrHCO'^COO
CM'-H'^CMCDOCOOO
CMt^COt^CncO'^tOTPi— I
i-l OS t>- to t^ t^ to r-H
OS—t-^^OStotOOOOO
COCOCM-^C-lCMCMCMCMC:s
CMOtO-^toOOCOOCOCM
t^ oT --H tC 00 CO I>r l>r o CM
CN|'-HTt<»-<CDtOC0>— t
scor-ocr^cO'-'O'— "OS
cot^CrsCi^OCMOS^
cocMcoos-— *r^t— icoco
CMCMOCOCOOI>-0
>-H CO '-I »-* to CO
CMI^^t^-^C^lTfOi-HCD
OSi-Hrf^OCM-— 'lOOStO
OOOOOt-'^O^Ot^O
r-Ti-TcocoooO'-rorto^
OS-^COO-— 'COcOtOCOI>-
tO-— (OSO-H--OOCMOSCO
■^cocrscocococoto
t— coi>.cococooto
OSO^OOCM^OO
CM l>- CM OS t^ t^ rj<
.-H»Ot-»COGO-- «0— lOOCO
COC^CDOOOt^tcoOCOCM
i>-oscO'-HO'-Hr^otoio
C^ C4 CO to CO CTS" tC oT
COCl'^'— 'OStOCDCMtOCM
r-ocMC^j'-Hoor-— 'coto
^coi-^osTf^^'aoococM
CMcoooToToorCcoooco
t-i CM O'* I
—( CO— 1 CM
cm"
'^t'lOCMOOCOCM-HOOt--
coot--r*'-<'— <t--io-*"*
to-^t^'-icoocot-t^r--
^ CO CO o or7 CO CO o OS
-- ^ „ ^ -y,
1-1 CD
H CO -H .
CftCMCO-^tot^tocOCOO
— iCMOs-Ht^cooor^oos
COCTSOOOCOOtOI>.CMOs
toosooco'*'<3^oscor-to
i-^oocDor^osootOTt<o
OOCM'-tCOt^COOOtotoC^l
r-i CO CM 00 OS f
CM '-H OS '^ to
CTso-^as'-Hi^cDiOcoco
00 to CD CM -* '^ •-<
: o o o ^T
JSvVVooooo
cootoo--ooo
'to-— (CMto«-H»0'-Hto>-H
■* CM COO-* t -^
r-cot-^cDOsOco-rt*
OSi— itocOOSCOOtO
'^CMiOrJ^^toOSCM
f-cototoi-^-^coto
Os^tooOOSCOOrt*
000SOt0iOt--tO00
ooo-*cocOt-<o:co
t-^ CM t^ to co" .-r os" -^^r
COCOCOt— it-^OStOr-H
COCOtOOOSC^OCD
0000CMCn*CMtPCMC^
COCMt>.iOCOOOSCO
1-Hh-OSOlOOCDtOCO
■^iOCMt-^000--H»o
1-Ht^— 4r*OSCOOOr-t
iOt--OtOt^O— <"*
io»oosioototooo
C'l'— <CO-^iOCMTt<'-<
00 00 CD CO CO CO CM
CM r^ —I to CO CO -H
CO •-< t- O >—< CO to
•-*OSCDCMcDrt^-*CM
•-•COCOtOOS'— iCOC^
OTt*iocMoor-os-^
COGOGOCOCOiOcOr^
•^CJSOOCMOSC^JiOCO
'-•t^OOOOTt^'-tiOTt*
CM 1— ( ■-. r^ — . CM CO
C^SOSOOSOOSCMCO
COCOCMC^iOCOCM"*
COCMt-^OOOSOO-HCO
t^COTPOt>-CMOSC^I
CDOCOCOtOOSOOCO
rHCMCMr^-rHlOOSt^
1— I— iCMCO-^t^OO
oto-^-^cocotoo
O — CMTt'OJO-HOO
i-H i-H — I CO to tP
oscoioot^-^coc^s
OStOTfTptOOSOO'-'
1-1 .-1 —. CO --H c
CD OS OS "* CO OS-CO CO
O CO "* CM <-i .— I
-^ ■oo853?7o
§oSg-;iiS§S
atioiSS§=-g
-JiOi— <CMtOi— (to-— <tO-H
749
1,265
3,829
5,981
6,429
22, 454
8,297
1 (M
■ CD
1 rji
. CO
'TO
CC
00
1,629
2,325
6, 324
10,064
11,716
38, 085
13, 706
' CO
' CO
00
1,635
2,325
6,332
10, 070
11,739
38, 256
13, 768
I o
IS
ICO
CO
67, 304
65, 448
123,047
134, 137
134, 549
344. 145
115,045
i
i
1,119
479
713
2,253
620
2,087
1,053
IR
o
55, 772
54, 499
121, 152
130, 329
131,533
333, 326
111,062
ii
■ 00
1 (N
(N
9 53
3,238
13, 365
21,408
29, 443
101.241
48, 889
1 t^
1 rt<
■ (M
00
10,986
12, 179
26, 687
28,513
31,311
102, 890
59,022
'loT
1 (M
o
950
984
5,613
5,388
9,072
29, 581
10,216
1 OS
o
-^
o
642
1.179
2,548
4,335
2,997
8,673
9,321
:?3
■ 00
ICO
?3
6,377
6,728
12, 874
14, 430
13, 480
33, 567
7,563
lt~
1 (M
CO
21,067
26, 471
65,900
79, 747
92,818
302, 367
151, 008
1 o
ICO
1 Ttl
IU5
00
4,413
6,112
16,794
21,372
26, 370
80, 259
37, 936
I05
i'>0
CO
5,522
7,210
16,992
22, 192
24, 557
73, 270
35, 378
\^
00
8,903
9, 939
22, 683
26, 522
27, 935
82, 878
37, 128
1 '(^
CO
CO
05C0^ <N f-l rt «.
* (
OS
Under 50
50-100--
100-250.--.
250-500
500-1,000
1,000-5,000
6,000-10,000----
10,000-50,000 8
.^o.ooo-inn.nno___ __
.•a p
8^
O M
3
o
114
STATISTICS OF INCOME
00 U
>~i ^ "S
S °-"
>-^ c ®
■O - O K
r"^ ® 5 >- o
US Co—'
c ©
ga°§
2 3 Es
O § 2 2
2.2
3 S » i2 .ta
b^>£2'g
o 2 tf
rr-t C3 C3
!? ^ 3 ts
=fi ^ S i-s
O '^ cs " >-
■Sic
5o
a a
"go
O: OCO CO I^ O 1 1
■«• O CO >o ■ 1
— 1 a • 1
1 1 c^
o
CO
OOi Tf ao CO ro 1 1
tc — oa CO i^ t^ 1 1
CO O CO i-O O O ■ c
Co"— "c^--rof CO i i
1 t r^
CO
o Ci ^ o r^ CO 1 t
ic — c^ CO o r^ 1 1
OC CTICO >000 1 1
CO^-n'M — M-rO 1 1
1 '3
1 ceo
'J'
LO
to
52. 978
25,014
30, 727
27. 979
27,812
43,718
IN
1,936
620
682
250
355
1,164
1 '05
50,611
24, 101
29,610
27, 246
27, 029
41,606
1 1 OC
1 IN
O
•17,480
•4,111
» 7, 834
337
» 3, 495
10,351
1 i05
. ,co
i
22, 958
13, 104
18,371
17,641
17, 670
23, 257
1 ICO
1 Ito
CO
oT
2, 730
1,634
5, 649
2,561
6,571
10, 295
1 1 IM
CO
2,378
1,876
4, 873
3,851
3, 207
5,042
IM
eg
14, 726
7,644
9,616
6,399
8, 565
13,431
1 1 o
1 •(£
■^
■^
29, 947
22, 578
34, 207
33, 883
35,217
74, 031
i ;i
i is
00
8,397
6, 990
11,242
11,278
11,542
20, 790
1 1 CN
1 ,M<"
to
7,222
5,028
8,336
7,464
6,962
13, 476
1 1 o
1 1-^
1 .(C
QO
00
to
9, 237
5, .502
7,783
7,824
0, 756
12, 054
i il
§
ooaoocoroQO — ^j*
r~— .c^c»>oco„ „
Oi CO (N
00
Under 50
.50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000 8.
10,000-50,000 8
■ii
III
To|
3
o
e
t^ t~ ■* OS O h- Iv t^ 1 1 1
■OOOOOC^CltD— I'S" 1 1
0005C-JCO-!)<00505 i 1
— -CSto'tdoOCOIN 1 1
to
4,908
5,742
10, 355
10, 654
10,721
18, 877
5, 386
4,307
OS
4,911
5,751
10, 392
10, 734
10,886
19,210
5,407
4,400
201,216
156, 396
243, 373
186, 307
1.50, 922
186,051
82, 005
62, 483
CO
82, 188
70, 842
133, 017
129,642
105,441
124, 124
52, 943
61, 676
o
117,040
83, 322
104, 900
52, 553
40, 415
54,414
27, 589
106
i
o
» 1, 543
6,528
24, 090
30, 0.50
36, 251
65,941
29, 972
10,419
CO
31,292
28, 575
46, 324
36,9.53
32, 699
60, 391
30, 445
20, 663
IM
CO
1,417
1, 376
4,517
5,356
4, 596
12, 893
4,757
90
§
CO
2,626
3,373
7,387
5,824
3, 765
5,507
4,702
26, 246
CO
■«*«
24, 558
23,040
40, 431
38, 523
32,971
43,948
9,082
6,202
lO
00
<M
65, 343
70, 866
138, 455
132, 120
129, 642
217, 249
89, 403
97, 064
o
15, 147
18, 796
37, 271
34,741
31,318
54, 834
31,695
22,805
§
CD
CD
CM
8,852
8, 055
13, 706
10, 263
9,194
17, 550
6,970
20, 980
g
to
34, 521
32, 923
60, 371
60, .307
58, 270
84,931
32,676
29,270
eg
CO
r^t^t^OiOcoiNio 1 1
c<j GO 00 r^ 00 — .-1 1 1
IM Ol 00 CO r-l r-l 11
CO 1 1
s
Under 50
50-100
100-250
250-500
500-1,000-.
1,000-5,000
5,000-10,000
10,000-50,000
50,000-100,000
100,000 and over...
"3
o
en
STATISTICS OF INCOME
115
i
o
o
CO
O
O
O -^ "* 00 Oi — ' ^
?o o to »r:i o o o
1— tT MOD lO
C^ (M OO CO CO 1^ ^
f- :0 Tf O O O !>•
Tf< to to CO ■— • OJ lO
Oi "^ to fC CO »o **
OO »0 00 O to CO CO
CO to CO CC — ' CO O
'.^ lO to ^ o o to
O -^J^^ to CO CO to **
to C^ CO CO CO —t to
lO — O "^ O Ci "^
(M C4 CO to --I t-* !>.
T-T CO 00 ci" CO -^ GO
C^ 00 Oi to -^ »0 i-H
00 CO CO h» to t>- c^
O "^ CS CO -^ to CO
,-( to to c^ c^ c^ >-<
r-^ TjT CO to tC CO 05
OS-V toCO<N<N
t^ Tt* -^ .-H v-< O OS
to to CO '-I O -^ O
CO GO >— • OS "— ' to 00
T-T oi" cT to '^ T(5" Qo
W CO -^ —< --i<N
to CO -^ 00 t^ ^ --<
CO CO CO •— ' CO CO c^
O (M O OSOO --* O
CO O CO to 00 (N CO
CO a> OO ^^ 05 CO c^
Ci o — < r^ CO <-' 00
c^ o to l>- ^ t^ "«*<
(N CS"" CC -^ CN Co" 0>
CD CO CO tN C^ CO
t^ r^ o CO -rf o t^
co Oi to -H o CO CO
to t-- r- to to "«^ CO
CO '-h" CO CO '*" " t-^
CO (M 00 CD oa OS "*
1-t to ^ 00 CO 00 ^
OS 05 00 O CO 00 00
ododot-Ti^Tcoco
CS OS O CO CD h- CO
O to (M 1^ CD GO CO
lO •— ' CO to OS CO CO
OS 00 CO C^ CO' OC" OS
■Tt* CSI CO CS CN CO
"tT" CO CO CO OS -^ c^
00 CO to OS -— -^ CO
ooo -^ o-^ oco
CD CO -^ O CS CO CS
C<l CO CO -^ 00 to -H
.— I — ■ t^ CS OS CO rft
00 C4 CO ■— • CO O <-<
tC -^jh" CO oi — r 00 0(5"
C^ CS CO <?^ (N CQ
CO CO r* CO r^ <N to
CO to t~^ OS c^ cc ♦-<
i-H ''i* -H O C^ — ' '^
.-T tC o CO '^ 00 -^
00 CO -H -g* :o -H t--
to OS OtT o to o
CD •— ' CO CD CD to 1— <
CO to CO i>r -^ ^ c5"
T»< (M CO <N CO to '•a*
P5
o
fi
o
&^
o
Ph
CO
<
.-icooooocMr^ooO'^co , w
i-HCOC^C^CSt^'^OC'-i'^
t^cst^-^occ^co — c^o
tOCD"^^'— ''— '.-HOCTrr;'
l-tr-4C^t^tO(MCOOS
coo)r^r-csocc;r^cy:oo
COC<»--OOiMi-iCOOCO'^
t--CStOC00000'-(0CtO-<:r
osod'-Hoodto''ci"iocsto
C^<N<M00CD»O(M00
Ot^OO-— 'OC^CCtcOO
CDCO»OCOOSOC'(NCSOt^
l>CltO'^OCi-HCO'— t^O
osod»-^ood<DC^^*ol(N
(NC^C^OOcotOC^C:
oo,-4^t^(M'r:^to-^cs-
oC'(MC^r-coto>-'-^csco
■^J'COCrCD-H— iC^(N<-<00
OcDCDCOCOC:005to.-<
O^'^t^OtT'-^toOCt-^C^Tt*
(X'-tOcoc^c^^or~~oo
,— (I— (CSi— tC<»tOC0C^OStO
w CO
lOCDI^TfCOOCCO'TOO
CDOOC^tOOOCOCS-^rC'
tOCSI^C::OCOC'»i*COC^
COi-^COcTos'cD^'^ClCO CD
.-(»-tco»— icol^c^io;?'
lO^'— tO'^t^CDtOCC'-
t^COCO'-Hi-'I^to— C
to TP O O CC'
^Si!
rH,-lr-lCDtOi-'-rCO
OStO'— 'O-^OStOQCO^CO I
CDCOCOtOt^C;'— 'C^tcCO I
to cs r-« c^ rf" CO to r^ CO 00 i
f-rcc^co^cdcD>--"r^^c?'^
f-HCOOOOOOCOOS I i-^
^ -^ -* CO I to
CDC^tOCSCCCOCOOCOCCS I OS
CStOOOt-OTfCOCC'l^'jO I t^
CStO»-<00cDt^C^(M00t>-
Ti^"cD-^too6"tocococDco
CSICCtOt^fMCCOOS
to^"^I^Ot^O0COt^
cDOSTr^i:--c:c::i:^csto
(MC^iOtOOOCS-^'-'OOOO
^"fdC-n^cdcO'-HTf'-^c^
Mi-HCCCOtOtOO"*tCt^
^OOOOCSCOCSC". OlO^
l^CJC-lCO-^tOCDCCCCS
lOt-'COClCCOOCit-XCD
T^ oc t^ oc oc — ^ ci" — • c^ en
C^<SjcOCD'<j^O:OCCO
i-T i-T to -^ CO
CI
tOOSTfOCCOCOtOtOCOtO
c^c^or-cociCiGCCrco
Tt^^'^tO'^t^OCM'—tM
Cj CO t^ CT t-^ CO oc o to ^
lOtOCOCC^C^CSCCtCO
,-«i— <C^C4«-Ht-OS"^
tOOOOC^OSOO-— 'CtOSCC
.-.CO'-'t-O'^t^— 'O'^
cot-cDcoosc^^c;ooc»o
T-H i-T CO CO to CD CD Ci CD GO
LO CO to
^ ^ CO cs to r^
CO -i^ CC CD CD C^. -
t^ c^ tM CO 00 to c; t^ t
To ■^c^^^ --Hco' CO c-ico
i(-OT*<T«iocDOOC;^f
,-ii-( Tf cs* O
OtO^CO-^COCJO^CtO to
c:coi^"^tot^c ""^ ' '^
3
p
o
PQ
t)
Ph
P5
o
ft
<J
;z;
o
e
^
o
p^
CO
:z;
<1
TfCStOl-^I'^CDtoOiC^CO I CO
O CO l>- C^ CO t^ t^ C<1 CO OS cs
OS -^ t-^ to tC O 'Tp t^ CD CO
*--« C3. a» o CO^tOcOtO
vv — -^ ^ ^ CD 1— ' OC CD CO
oocb-cscocDt^'-t-^c:
Oi'3*^t^tot~^o-<a^t*cDf2
^Z a. a. a* COr-tOCOtO
CD'-HCOtoOCI^tn 0040
OCSCOCOOC'COt^OOtO'tO
t-Tc^c^'cocdc^'coc-f'— o
r*t^ootocococo"rrcoco
Ui ci^Ttcoco
of
■^t-CSOCCSCi — cc^
ooocDr^oo)ci--<oio
t^OOOCDtOCOC^t^tOt^
CD0dcr-^^*"tOr-rc0 -T CO
COCDXtOCDC^COCOCICS
N
ooor>-tooioccNOscDt^
cocst^^^'^tO'-'cceDO
cisi>-tocotot-tot-ccoc
00 o cT CO CO to cc cr CO CO
oor-iTrcocDco-^cDc^c;
CDCOClTj<C:C''"^C^CO''=r I ^
f^,—,!— lO-^I^GCdCOtO I 'T
ttOi— 'OS-— ».— 'C^CD'^O I C^
tCcsoc"os"co r-^'— 'os CO ^ i o
occor^tco^cc-^cr-co I c^
rH CO c-i r^ to o CO
^ , CO
CM C Ol CC' OS >-. .
^» to to t^ c^ CO ■
to c^t^c'cs^"'
to to C". C: '— ' 04 CO
0<N '
■^ OS '- - -
COCDCSOtOCCCDCOCOOO
■^CS"^CCOCCO ococccs
CMCM CO CO t. . . _ _
C<»i-HCOtOCSOCt--CJQr to
t— CO r^ OS CO
oc t- CJ or to
tP CO CO ■^ 00
ooo— <c;ot-^<Nc;:co
rj^or^cD^OSt-C- OICD
COOStO'^OC'-'O". 0'^»-'
toioto^totocTc^'-Hio'
lOO^rrCOtoClCS-^'-'^
I— I Ol f— 1 o
to c o; to t^ oc
OOSOCMt-c:'— Oj-'tr
CO O O TP O) CO o: O Oi 00
OSO — t^COC'-'COO'-'
c5' 04 '-^ to* CM C I cT 1-i" '
o t- TT Tp to c 0-. to r
rH ^ ^ CM *- t- X '
,-r C4 of CD
OtOCC-W^C: O-ttCCC^J
T-< OS CM C^l CO OJ to CO "^ OS
0C'<rC0t0CDOOCDw't0
wcoTr.-*^0'-^r^crtoCM
eo-^OST-iOOt-cDOl-rp
_.«.—. ..^ ^-^i -^ 00
CM CM 01 , Ci
CMCM-^-
; TT O- Oi c: ■
... _; to to cc CO ( - .
OCO"— 'COCOtOi— 'tOt^OS
cm" i-T CM 1-^ CO O O ^ CO C
CDt^GCtOOCCOtOM-^CO
CMCt^OCfcCCOCD'cDO
TTCO'-^to-rCCrp^l^tO
M1-4CM'— 'C^t^TCOCitO
T^OCJ^OStOtOOOtOi-H
i-HOOt^OS'— 't-^ eoaj
t^OS CO ^ --H
ICOOs-^OCOOiOr^
i CO CD to t- CM OJ
^ CM to oc CM C I
o
■ oo '
I I ' O Q O-rl o
■ og^^oo 3 W)
t: 'oog^-2?7o2
o^ocMto^Aiooo W
h; o o to o - -o o o p^
piOr=tCMto>-ltO-HtO'-i^
i I .oo ^
: c o c o
)0 ~-
I 1 . lOO ^
igiliii
^lOOotO-— " I lO
; o tC' o . I I <± o o
iocMtor^croooo^
■.ootoo-^ooo
^lO'-'CMtOi-HtO.— tO'-'
116
STATISTICS OF INCOME
2 S "S
(ji -a
.^ ^
U:;3 Q. o— '
It's
OS22
ol
3 H'gS -S
w I .s
Q. c« ^ o o
a a o ? "^
-iOOt— IOOCDOi':Ct^CC
I ^'
lOiOi-HOiOlOOOt^I--"^
; GO O 01 C^ -H CT' "^
. CO o 00 o r^ CM CO
COCDOOC'i-HCXOCOt-I-
OlOSCC'^f'— 'OOCDCOO
CO(N'^COCOCOCNCOr-.(N
:tOCDCOt^0000COC
! C- 05 CO 01 CD CO -^ I
ir-HCTiCNCOCOCOt^C
< CD --rf 00 C-1 CO CO I CO
1 rr- Oi .-t i^ CD I CO
t^.-<CSh-'*b-05^COCl
OOiOOCOOCOCOCCTPO
ooo'^r^wCioo.-tior^
cDio-Tjit>-,— <oocoai^o
OOO'^COOGOO-^'iOO
coc4"-^cocoioc4'coi-H(>i'
r^cocDcooCi— f — -rrc-r-
(M00.-<CDIO^-O»0t--C0
t— Tt^COr- tlOOO^^t^WCO
COOOtCCOi-HCOt^OOC
■^.— icDt--r>-o-rfTP-^f:
^CS(NCNCOfrjtO(N'
r--— «cr-Doiooooo»oco
00-^OiOC0»OT}Ht-^O01
MOiiOO^i'-'b-OOOiOi'-H
05r*COOC^lMCOt-000
COCOO-^-^OOC^JiOCOrt^
: Tp t- '— ' «0 OJ Oi C'i CJ O
JiOO'— <iOCOOCOiOO
) i>- o 00 00 -^
O5 0C''— <COCO*0 010CDCO
i-i(Nt-GOCDCDO:ClCO
^ CN ^ rH
COt^OTPOOOfNO:(MCD
OOI'COt^'^OltocOO
COOOOCDiO»-<"^I>.t^CO
C<).-H«Oio^C^(MCOcOO
C^COCDO^O-'J^t^-iOi-H
I CO
<N»0r-iC0l^t--tCC0»O"^
OOiOTj<b-.(Mr-(-T^t^^CS
0"^C^OOiI-^CDcDCDiO
COtOiOCDTfCOaJi— <CS05
c^CN-^cocor-c^cDcoco
oococococo-rrc^'-HTrTf
(N(Mr-(COiOt>-aiCO'— 1-^
lOOO-^OiCOiOOOi— liO»0
COlO-^GOCDCJ-^OOiOCO
OiCOOi'TMOCSOir^OOi-i
t^OOiOCOCOOOOi<N.— l-rj*
»O(MC0":r'0iC;'-<CDOi(>-»
TP-*00-^rf^iO»-iCDtOOi
00C^(M"*OCC'"^00i— <0
cotooococoi-tt^c^r-to
iOOi<MCOCOTrt^OOO(N
OOOOOiC-— OTj^OiCD
cooiioooor^cicD-^"^
ooOiO^onoO'Tt^ocol--
<NCN»OTt^COI'^C^OCOCO
t^coco-^ojcncicoi^o
cMcot^'^oicoO'— <a:as
CN'OOi'-'.-HOCOOi-^Oi
iC-T Oi" oi" o '^ *o c^ r>r F-T
.-HiOT'COC^'OOOCOOOO
COCCCD*OiOOcOt-CNiO
000»OCDCO<:1 (MtOI
00^
O O O O-rt
O .. .00 03
O 10 C_3 - .
►-.Oooo.-ooo
1.024
1,006
1,075
862
834
1,148
1,194
2.807
en
0?
r'. ^ CO " LC 0 ^ C« ■ '
CO 0 'T' (M 0 T-H 3^ 10 1 I
CO 0 CD 0 t^ T-H CO -^ 1 1
CO
00
cD^cOT^o:l^,o 1 1
0 Oi Ci r^ 10 'i' t^ CO 1 I
cocniootcoco^ 1 1
■oc^Tcoco'co'co'ira -T 1 1
CO
00
2, 654, 408
1,141,671
1, 178, 946
648, 621
471, 504
748, 900
264, 795
459, 949
00
CO
10
123, 468
39, 523
39, .367
10, 877
8,792
18, 832
4, 065
2, 765
00
CO
2, 506, 046
1,089,581
1, 124, 213
626, 548
453, 918
715, 371
253, 499
450, 038
(M
cn
0 c^i cc CO u-:) '^ Oi CO 1 1
Tfo;02coc;wc<;co 1 1
0
00
514,040
242, 119
278, 638
158, 407
127, 502
144, 651
58, 2:33
78,018
s
i
31,497
20, 709
42, 069
33, 959
36, 504
51,037
26, 173
31, 728
i
g'
52, 066
38, 207
.56, 505
44, 384
37, 731
63, 390
23, 103
17, 923
CO
386, 364
181, 907
205, 738
124, 849
113, 237
160, 978
61, 829
63, 537
806, 482
472, 342
611,166
379. 281
333.315
502, 87!
221, 451
286, 793
CO
179, 852
118,116
164,782
105, 313
89, 627
125, 171
57, 927
93, 633
0=
270, 486
134, 082
152, 296
83, 139
74, 970
104, 743
43, 185
54. 926
00
s
277, 805
164, 522
206, 235
132, 355
107,429
161,937
69, 337
78, 015
CO
51,799
6,778
4,051
1,107
492
267
31
16
5:
CO
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000....
10,000-50.000
50,000-100.000..
100,000 and over...
"ca
0
STATISTICS OF INCOME
117
13, 470
10, 962
17, 469
15, 432
15, 394
41,014
4,836
'""29," 298
00
23, 210
16, 184
26, 780
23, 235
23, 516
61, 745
8,933
"""39,'67i
23, 278
16, 225
26,815
23, 298
23, 577
62,065
8,958
"""39,"687
g
457, 000
232, 442
362, 601
251,421
237, 519
533, 923
97, 257
'""280,' 856
IM
O
(m"
444, 361
222, 592
340,011
242,537
227, 600
508, 172
92, 609
""252,"377
IM
o"
m
of
I
1, 162
17, 908
56, 334
57, 570
68, 443
209, 314
50, 091
"'"148,' 782
s
to
to
82,807
74, 465
130,917
116, 560
129, 141
314, 186
94, 794
"""iii,'o35
i
o
4,849
6,112
19, 737
23, 681
26, 739
66, 545
5,691
"""34," 394
CJO
13, 734
26, 903
84, 439
100, 135
129,825
294, 469
125, 297
'""i57,'632
of
45, 046
30, 850
54, 291
45, 536
45, 609
99, 863
21, 252
'""60,"i45
00
o
165, 465
171,645
379, 191
372, 725
431, 479
1, 069, 152
321, 452
'"'540,' 233
80, 429
102, 380
242, 041
255, 070
294, 245
700, 614
228, 984
"""288,'328
<m'
(M"
6, .542
4,961
8,059
5,555
4,515
18, 394
6,865
""'so," 435
<M
TO
00
51,807
37, 949
67, 327
57, 683
56, 905
127, 135
31, 650
"""76,"851
o
CO
o
9,195
2,415
2,403
1,071
621
527
48
8 23
82
to
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 8.
.10,000-100,000 8.
100,000 and over...
Classes grouped.. .
"3
o
I
d
1-1
w
o
W
CO
03
<
O
319
414
414
1,201
558
1,125
242
40
""'3,"374
to
00
to
oiotor^ot^cNco 1 I'o
(M Oi to ^ 05 -^ to Oi 1 .to
(M^cf t^oo co'oi'odo 1 1 t>r
CO ^ 1-1 T-i (M »0 ^ (M 1 1(3,
00
IM
o^lM^^a)T^oilM 1 ICO
to »0 to CO O O Oi 'Tti 1 to
^ Oi to iiti 00 CO »0 00 1 1 to
(M'fM b-ToO CO oTod O 1 1 t^
COrt ^ — IIM "O rH?q 1 1^
<M
541, 579
157, 431
190, 907
148, 362
152, 970
356, 053
90, 236
142, 986
"""iii,"480
i
IN
QO
518, 402
137, 390
142, 177
142, 035
144,011
333, 195
85, 562
132, 163
'""88," 501
CO
<M
>0 to O >0 CO -^ CO CO 1 1 If
r^ t^ Tj. O — 1 to to -.If 1 lO
O 1-1 ^ CO !M (N »0 O 1 t to
CO CO CO o'Tf^'^orT^ I 1^
CO ^ to lO CO t^ CO 1 1^
to
IM
CO
171, 002
98, 519
174, 259
169, 544
197,441
475, 432
129, 146
84, 479
""49,"266
§
9,514
8,541
28, 257
32, 479
47, 725
145, 050
35, 206
54, 698
"""33,"i2i
g
s
CO
59,860
111,836
336, 983
506, 563
577, 552
1, 333, 300
483, 906
532, 065
"""i27,"566
s
oT
o
124, 808
66, 206
99,710
96,800
94, 625
209, 022
68, 010
135, 564
'"iio,"657
O
i
278, 057
273, 719
645, 627
81.3,947
967, 051
2, 372, 042
761,858
879, 580
""4i6,"i76
o
§
179, 642
213, 456
536, 944
706, 376
834, 742
1, 971, 157
662, 694
656, 399
'"'i3i,"568
of
a>
00
10, 223
4,170
6,964
2,957
3,041
11,423
1,536
10, 200
""'30,' 930
CO
Tf
00
51, 659
26, 860
43, 444
41, 0(i6
50, 133
138, 767
33, 510
40, 928
""'39,'3i7
to
to
19, 290
3. 844
4,076
2,319
1,383
1,200
115
54
82
92
OO
im"
Under 50
.50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000....
10,000-50,000
50,000-100,000 8
100,000 and over 8._
Classes grouped .
"3
o
CO CO »o »o c:s ;
' CO CO -^ t-- to
)CDt-OSCOTt*COt^O
CD of t^ Tf' tff O CO od" GO of
< T-H tP '^ to O '
CM I— ( CO CM CO
cooor-tocooscMt--oO'^
osoo-— 'r--.o--''— irH-^^r--
I^COCMOOO"*CMtOtOCM
^ tC — j" — r O" ^ GO of CD Off
CMrHCOCDOOOSiOCMt-CM
CM !-< Tt^ 04 t^
rf^r-iOOItoOOOCDO-'^
COOO'-HCOOS-fOSCMOOCM
ostoooooootocoostor-
^t^^^cor^o^toto
CMi-HCOCOOO-^t--tOOSCO
CO'-H rt^CM 00
OS'-^CDOOOCMCMt'-wtO
OcDCJsasior-^cor^cocM
tOCMcOCMOSOSCDtOCOO
cT tCcd ofof cm" of co^oT -rtT
COOCMOtOCOCOCM-rf^CM
CMCMCOCMOIOO^COtOOO
OOtOOS^CMt-CO'^i— I
t^O^^t^^OCMOOTt*
CO-— ir^coosioocoosco
cT os" rC CD r-T lo CO o co" of
OSCDOStOt~-COCOC7S-*00
T-l-HrH CM'-ICO— ICM
CMtOt--CM'-.CMr-OOcO
OCOOOt--OtoCDI>-"^-^
QOCOOOOCOCDOSCO'-'OO
of 00 to cs" of OS 00 —T of OS
CMCMO^cDoooir^cor^
_, rH O^ CO to O 00 CM CM
OSCOOS-^t-TCOO —'00
-^OSI--CD-'^COCSCO--CO
otocDoi'^r--tooitooi
OtToT t^ h^ tC cc" rn' io"os to
CM'Tft-tOrHor^cot^'— I
rHrHCO'*'CO'— 'O"— 'CMtO
CM'rH"of-H"tC
tOOSCOt^OOOCMCSt^r- .
-rfCMr^t^^-— 'CD-^CMI:^
t.^,_(-^-rj<iOCDCD':Ot^t^
cd TjT cT 00 -^ --^ os" to ^" --H
OlrH-^COOO^tO-t^t^rH
r-l Tj« CM 00 to CO
Tt^TTt^'-^astotoooicc
CD"^COOSi-*COCOOOO'— t
OOO'-'COCOTt'CO-^OO'— I
CO of to of of 00 cd" cm" CO od"
OI"^tOtOCDO'<T"GCCOtO
r-(,-li— iiOCMtOTt^OO
l>-G0OSC0CMOiX;O)C0CO
"^r-cooicoococo— 'to
tOOSCOtOCOOOrHCOOSOS
ododcrco"'-H'trros'Tf^"os to
lOCOOOOOtOh-h-COrH
Ol'-'CMCDCMCCCOtO
OO-^^t-tOCM-^COI^CMCO
Tt^rHt-OO-rJ^OItOOOWOO
T)*"odof x^ododtO CC -T^CM
CO-^Oi— IGO-^OS-^COCM
CMCOCMOSOSOOtO'-'OOI^
,— Tr-T of o" to"-* r-Tto"
osoocot-'^co'^ocr-^'
t^COOt-'-^'^OCO'— 'OS
cot^oo-^oooococococo
^tdoi-rr-rcr^cD'oof
OSTfOSO'^COCOCDtOCO
<— iCO'^'^O'^tO'— 'to
■<cmoocoocmgogo
■ — -5 <0 OS CD OS
D 00 CO to OS
OOtO-^OSCOCOtOOSCDOS
CMCMCO'— ''-"'^toO'-HCO
CM O -H -T- O C
TjHr-^OOCO^r-^ '-OpCC^
coi— '»0'^osiocoi>.osz:
f-lTfCOOlrHOOlCO.
. - - - ,iO
-" TP -^ ■<J< O) r-l
CMCO-— "•— 'Ol — OCOtOCO
^.— 'CM— HOlCOOCO^rj-"
ooocorocM^oocorH.-i
idoo
lOOt
"7' O ,
= d=i°oob
io io ^ '
■ i I c^
< o o ooo
J ^ O O O O Q-
D ,-1 m — I »0 ^^
118
STATISTICS OF INCOME
S3
"i.'aT3
S.fca-S
O'o^a
d o«
■"" «'3
« S«
>^8-§
-^
Com-
iled ne
profit
or net
loss'
o.
nd"'
,— a> OT
-H^
fH S §
£-sas
Ogog
K"
Ss
o s?
Si-SiS .t^
Surpl
and u
divid
profi
less
defic
fl
o
Aj
g
o
a
w
o
C3
a
■ "d
03
O
^1 S
-^-H
^ d to
-s^a
"■d d
S S-gX!
o-d d^
^ o R «
2 1 S
Tota
sets
To
liabil
pital
sets
sde-
ecia-
on)
« S o ^'S
g§
> t<
d °
Cash; 3
notes
and ac-
counts
receiv-
able
Isasi^
5cS^-3-g
!z; j2-^
w
s i
03 03
O "
e
'Tt^-^-MOOlGOOOOCNOi
OiOa :7s ■—ftoiOQOQOoO'^
"^C0iOt^CSC0t--»O-<i<'— 1
T-^^ i-TcM c4" oT to 00 00 lO
^OcOCOflOt-^CSOOOO
CMCDOOOCI^^Ol^O
C5Tt*iO'rt<'-'C^00cOO5Tt*
00 CO lo --T --r o" — r -riT lo" i>^
■^C^'rj<Tji»OcOOOCOQO
Tf-G0COt^t--C0CO-1<CO'^
OOtJh— .CMi.-COTj'r-OiO
J0co»oc:r^-Tt*cocrioc^
-fCM'TfCO-t-^HioCMCOTj*
CO-— 'cocoi-^osc^r^coo
lO -rti t>- CO ^^ h- -rf O CO ' '3
CMOt-OiCClt^cOCOOS
O«DOCMC0C0t^C0C0O
OOOOOOasOiOOCOrJ^OOOi
tH 1-t CM -HCO O
COCO'^rrOOt'-rO— <CM
COOI^m-«CMCO<0>OiO
r^ococMcDo^r^oOTjH
od CM ^ oT o" ^ c^' oT TjT I o
oroooo— •oO'^coOi'O
ooroocno.— icocMCJj
OO CM 00 CO *0 ■
• CM t-^-H tHO
— <r^to<;o — '-t-'— '»OTrr>.
t'-OOCJsC^CM'^^MCM-^'O
•-•CDr-t^OcCCMCMCna:
OOt^-t^^-^OOOTM-t-O
OOOOOlOO^CDOOCM'O
COCMO-^-rjiCMiOa^cOO
oOit-^r^cor^coooiio
,— lO-— -ococ^-— •r^ocft
OCOOOCOOiCOOt^COO
»ocjco»oGir-oc^r--CD
COCM050iOi-t-l>CM— "^
CO --< O CM O
CiCsOS'OOJOO'rfCMOSOi
CMOOr^-QOCM'tOLOOOOOI^
»0 00»OCMI^ODtOC^OJ
Cft t-^ ^ O t^ CM 00 i-T 00 o"
COCO-t-OOCOOO— 'CMf-
^CMiOTfTj^o^t-OCOOO
OOCO-— 'COiOTt^CO^r-ICD
o»o»0'~icM — -'i'eooor^
lOOiOcOt^Ot^'-HiCO
OiiOCO^rf<CSOOOOOO
■-Hr-HCMCMC^CDCM'^^
OiOCMOO"*COiO»OOiO
iOO»0 05iOiOOOCOt^
OCOCDCMiOOO'O'— liOi-H
O" O ^ CCT 00 OT cm' O 03 "Sh"
coo;^t^»ot^iocniO»o
»ocoioioaooO'-r*'*o
t-T ^ ^ crT CO i^ (M~ 00
coroT-OO'-ocncoooco
CiCJSCMOCJsOOOOOOCO
oooco^oot^t^tNoo
05 CO C^f r-T O ^ CO CO lO 0(5"
T-Hcoco-^osr^oif^oco
eOTj^Cil^'OCOTj'iO CM
OOOOr^i-fOrtiCMO
CiiOOJOM-COiOTj^-^tf
CMrt^CMCOCOOSt-Oi
ooot---— <cDr-~CM00»O
ooco-— <or^coor--CM»o
CMCO-^oOCOOI-^O-— i-^
u5" 00 00 o tC xti" »o" »o od" t^
^O'^^O'-HOOCMcOTfO
.— (.-iCM-^»C00a>0>iCO
OCO— «— tCOOO-HOOOi
oooor^asi^co-^i— co^
t^ CO 00 -^ 'O Oi -^ CO
CO oToT'^cic^r
lO OO
lo o ^
2 O
>-<"A
_ _ 500^
: o o io o '-I'-io o o
^ O O O CJO
^ coai t 1 1 1 1 I i-rf
00 ^ CM r . 1 . t 1 ■ ^
1 1 1 1 1 1 .CM
CO 1
OO ^ L'^ 1 1 ' 1 ' < 1 t^
""" ; 1 i : ; ; ;S
-^
OO '— < O " 1 • ' ' ' ' ^o
OO CM CO 1 ' ' ' ' ' 'CO
' 1 CM
o
OOS ^ 1 <CM
lO CO '^ 1 ' 1 ' ' ' ' r^
r^r^r-^ 1 1 . 1 i 1 ic^
CO
CO CM O 1 • 1 ' 1 I 1 '
t^CMCO 1 . .
o r^ 1 1 I 1 1 t p r
ai
« 2, 844
164
437
90
(M"
2,574
257
728
383
IN
OJ
CM 1 t- 1 f 1 1 t 1 ' f
CM '-^
s
-^i ; i ! i i i i i
00
00
OS OS ^ ' 1 1 ' ' ' ' ^
o r^ ^ 'O
CC^ 1 1 I 1 ■ 1 lO
,-r 1 1 1 1 1 1 1 CO
o
1,029
790
1,660
""""17,162
CO
o"
195
64
603
6,"635
ai
■^
r^
; : ; ; I 1 '.5
"2
00
602
500
707
"""7,'"999
oT
CO
Under 50 -.
50-100 -.--
100-250
250-500 8.
500-1,000 8
1,000-5,000 8..
5,000-10,000
10,000-60,000 8
50,000-100,000-
100,000 and over...
Classes grouped...
3
o
STATISTICS OF INCOME
119
ci 05 r^ a> o
O 00 W '-I CO
00 o t^ C^» o
04 — I O CO CO
O CS rP '-<
CO 00 C4 I 1-*
O CO Tf JS o
CN 00 OS 00 00
t^ (N Olt^ CO
t-^ CO CO •— I lij
lOQOOCOtN
.-I t^ »o »or^
O <M (>» -T" to
ro O 30 t"- lO
■^ O 00 '<J* o
05 M r^ OS Oi
o coco" ^
tN --too -^ cs
lO CS i-H *o Tj*
O ^00 -r'lo"
00 -^ C^ TT O
O t'- CO '«5' c^
.-I T-H O '- 05
t^ 05 ;i) t>- ^
i-« »-( 05
O C^I CO o o
O COC4 '^ CM
OCS OiOO 00
OS O CO CO 00 "^ •-(
bC
;o5ROO c3
t-~, O O "O O -'R.O O O Q
2 ^ '2
^9 a
si "^
s^ -
"iS
,Q o CO
°§ s
« Ol
ti'3 "s
So 2
& *> .2
es .s
— M a
S?| 5
® u, a
■G o ^ o
O > o--
o »— CO
iTi^j n o
t!^as
'^ ^ Ol to
•- M n 3
<" -^ o >
S..S-9
03 <»
■a g
«
° § a
*^ S » ft
w cd cj «*-.
w 3 at O)
o
~
is
■^
M
a
3
3
3
T3
p
S
3
3
o
3
<fl
CD
>T3
3
e
&
3
a;
o
O
■3
fl
^
3
o
M
Jii
3
CO
P
CO
o
o
>
o
n
«
w
?
C
3
!>■.
C
3
o
o
1
o
T3
'3
T3
c;
(-!
■"
a
c^
£
3
■1^
^
."tS
o
V
T3
■^
"(fl
"^
M
3
o
^
£i
O
^
,^
;
3
n
J^ 03tH
t^ a 3 1- a d'o s
!::T3x5^'S.Sg
<n=ee3.2gngg
a"
^ ^ - 30,,
o a ^ '^'^■2^ »-, =3
W S Mw-C^ 3
3,0)
5UC
a c3
0^ ,^ 'Z^ w
S ^-^o^g,
O ii
o c 3 e Qj
S'c^'3'i^!8'30^
3-3 s a £ s d,^''^
m g-^i3T3 u g-o 3
3 g5 Bo-p°i5'-^
■t; o 3 S -S M !^ „-^
c~- — s« ^ - -
- , .mJ= o '-^3
3-ri-So"^ 'r'-^a
issi gills
f G a -r
3^-
bH
c3 O
P =^^ C
; - -o t ° ^ 0
^- i;j;M -o
3 c'-'g'Sgggl
C-C^C3.50-^3^
feS5a-SSi:"o§
BOJ^g^V'^c^"
' " a 3 5 8 -"g
.- cj O
' 3.C
. »
-(3^3 0^3^ 3 o
©■u £.£ X >'-3 3 S £ 2
£.2«-g5-S§§3i3
a X u.- § o s g " 3 p. -30,
o-S 6 o
fH a t- 1-
^■ialoi-l^'
3.1- «.^ „ntLi'-l
*-* ri i; " •
o S ° "
:-j3
ifilU
120
STATISTICS OF INCOME
Table 7. — Corporations, 1927~S6, by major industrial groups: number of returnSy
gross income, net income or deficit, income tax, excess-profits tax, and total tax
for returns with net income and with no net income '
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-8]
Total
num-
ber of
returns^
Returns with net income '
Returns with no net income i
Year
Num-
ber
Gross in-
come 3
Net in-
come <
Income
tax'
Excess-
profits
tax'
Total
tax '
Num-
ber
Gross in-
come 3
Deficit ♦
AGRICULTURE AND RELATED INDUSTRIES
1927
9, 905
4,445
1928
10, 265
4,504
1929
10,615
4,407
1930
10,961
3, 475
1931
11,014
2,546
1932
10, 977
10, 490
1, 1.53
1,443
1933
1934
10, 526
1, 995
1935
10, 084
2,321
1936
9,860
2,920
633, 782
636, 641
636, 227
363,718
21.5, 096
133,034
178, 040
296, 513
358, 965
523, 992
78, 577
8 9, 054
8 9, 054
4,460
80, 476
8,217
8,217
4,679
72, 801
6, 783
6,783
5,023
40, 484
4,041
4,041
6,431
14, 002
1,201
1,201
7,354
5,979
675
675
8,615
14. 894
2,102
55
2,157
7,818
30, 572
4, 198
80
4,278
7,331
43, 901
6,036
160
6,196
6,734
65, 837
7,666
328
8,983
6,025
188, 645
188, 503
246, 280
307, 122
276, 868
235, 120
217,090
241, 135
230, 654
201,757
61,893
50, 092
53, 543
86, 370
98, 778
94, 962
60, 212
85, 272
40, 253
32, 707
MINING AND QUARRYING
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
18,519
5.232
18, 793
5,183
18, 26!
5,211
17, 635
4,700
17, 580
3,832
17,218
2,868
17, 068
2,982
18. 656
4,460
18, 420
4,527
18, 174
5,146
2. 259,
2, 501,
3, 031,
1,611,
732,
537,
555,
1, 161,
1,331,
2. 069,
276, 309
332, 679
430, 527
194,118
71, 154
62, 675
71, 686
156,063
162,936
300, 048
34, 898
36, 751
44, 319
21, 474
7,211
7,445
9,921
21,4,56
22, 400
35, 083
2S0
428
515
504
34, 898
36, 751
44, 319
21,474
7,211
7,445
10, 201
21,884
22, 915
38, 612
7,804
7,750
7,291
7, 533
8,291
9,178
8,866
9,083
9,188
8,642
1,576,986
1. 087, 745
1,016,184
1,388,238
1, 496, 571
1, 127, 297
1,402,596
1,375,939
1, 292, 853
998, 165
246, 924
207, 416
198, 440
238, 459
325, 963
287, 042
248, 127
165,373
173, 879
124, 146
MANUFACTURING— TOTAL
1927
93,'! 15
53. 620
1928
95, 777
55, 007
1929
96, 525
55, 488
1930
9.5. 098
40, 64!
1931
93, 109
30, 270
1932
91,849
14.9S5
1933
93, 831
96, 648
26, 354
34, 023
1934
1935
96. 213
37, 976
19.36
96. 236
45, 926
.50,
134, 091 .3,
458. 959 1 4,
879, 759 5,
,804,235
974, 409
696, 792
289, 285
442,910
413.610
373, 998
93S, 647|
744, 261
216,016
757, 50S
464,619
757, 591
460, 632
906, 194
482, 773
072, 531
I 507,735
544. 937
544, 053
316,992
165,311
99, 949
203,713
262, 466
341,355
521, 125
3,649
3,477
15, 528
11, 294
8 507,735
544, 937
544, 053
316,992
165.311
99, 949
207, 362
265, 943
356, 883
607, 662
36, 196
36, 566
36, 742
50, 862
5S, 815
72, 931
62, 295
57, 269
53, 700
46, 104
588, 788
81.3,970
252, 285
846, 043
058, .882
279, 691
861,490
650, 040
484, 183
580, 830
851,053
833, 735
810,244
639, 844
287, 589
563, 855
256, 586
926,189
666, 326
370, 993
MANUFACTURING— FOOD AND KINDRED PRODUCTS »
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1.5, 079
8,971
14,965
8,844
15, 124
9,045
14, 847
7, 897
14, 632
6, 466
14, 968
3, 629
12, 859
4,247
13, 362
.5. 374
13, 375
5,312
13, 057
6,233
8, 624, 432
11,551,431
9,641,960
7, 637, 397
5, 365, 9.54
4, 430, 704
5, 536, 520
6, 973, 816
7, 340, 434
8, 824, 076
461, 046
518, 092
540, 186
436,451
326, 910
199, 387
264, 606
302, 328
317,671
417, 565
59, 049
.58, 391
56, 309
49, 869
36, 823
25, 201
36, 906
41,768
4.3, 670
53, 544
631
642
1,584
1,310
59, 049
68, 391
56, 309
49, 869
36, 823
2,5, 201
37, 637
42,410
45, 254
60, 076
5.46!
5, 405
5,380
6,328
7,524
10, 653
7,934
7,150
7, 283
6,028
4, 188, 757
1, 497, 403
3, 854, 726
4, 377, 338
3, 988, 705
2, 8.58, 953
1, 748, 880
1,371,310
1, 988, 025
1,566,015
106, 716
77, 818
87, 721
128,498
203, 478
207,211
86, 428
61, 130
55, 807
37, 743
MANUFACTURING- LIQUORS AND BEVERAGES (ALCOHOLIC AND
NONALCOHOLIC) »
1933.
1934.
1935.
1936
2,969
898
3,283
1, 368
3,282
1,466
3,333
1,767
484, 487
851,516
1,107,301
1, 473, 579
73. 363
10, 199
397
10, .596
1,648
97, 648
13,427
402
13, 829
1,540
107, 824
14,826
905
15,731
1,481
176,013
23, 074
649
28, 803
1,294
107, 420
207, 905
216,399
198, 162
14,175
16, 723
16, 356
13, 324
For footnotes, see p. 124.
STATISTICS OF INCOME
121
Table 7. — Corporations, 1927-36, by major industrial groups: number of returns,
gross income, net income or deficit, income tax, excess-profits tax, and total tax for
returns with net income and with no net income ' — Continued
[Money figures in
thousands of dollars]
Total
num-
ber of
returns^
Returns with net income '
Returns with no net income'
Year
Num-
ber
Gross in-
come '
Net in-
come *
Income
tax 5
Excess-
profits
tax 6
Total
tax 7
Num-
ber
Gross in-
come 3
Deficit *
MANUFACTURING— TOBACCO PRODUCTS
445
261
439
238
437
243
405
195
Jf70
155
382
114
405
122
405
131
3«7
139
379
153
1, 177,
1, 180,
1, 220,
1, 094,
1,086,
978,
837,
1, 023,
1, 077,
1, 188,
124, 775
121, 678
132, 682
143, 788
142, 494
138, 399
65, 224
96, 296
99,419
127, 968
16, 745
14, 548
14, 554
17,216
17, 066
19,061
9,006
13, 246
13, 714
18, 432
169
181
177
197
211
256
261
24^
228
211
23, 525
19, 122
50, 436
76, 799
97, 515
61, 188
105, 158
36, 383
33, 682
27, 440
2,475
2,147
4,942
6, 655
5,606
5,151
14, 893
2,086
1,221
1,198
MANUFACTURING— TEXTILE MILL PRODUCTS i"
13, 851
8,240
14, 508
8,076
14, 629
8,104
14, 692
5,678
14, 655
4,875
14, 637
2,467
15,351
5,664
15, 775
5,682
15, 656
6,129
7,827
3,903
6, 285,
5, 702,
5, 902,
2, 642,
2, 132,
1,211,
3, 183,
3, 040,
3, 861,
3, 596,
417,484
351,850
323, 974
105,610
77, 830
41, 052
203, 733
141,702
171,425
221,904
50, 341
39, 355
33, 197
11,122
7,351
5,047
28,010
19, 505
23, 570
29, 697
764
291
1,034
863
,343
,098
,236
,753
,503
,872
,310
,741
,254
,782
1, 522, 068
2, 134, 380
2, 330, 931
3, 774, 112
3, 168, 902
2, 672, 436
1,468,280
2, 209, 651
2, 045, 223
914, 367
120, 816
155, 729
163,069
369, 690
342, 537
332, 249
96, 838
124, 914
100, 258
44, 055
MANUFACTURING— CLOTHING AND APPAREL lo
8,203 3,633 1,759,667
56,344 7,219
232
8,677 4,455 523,088
MANUFACTURING— LEATHER AND ITS MANUFACTURES
2,411
1,448
2,440
1,362
2,477
1,349
2,461
894
2,294
754
2,331
468
2,407
973
2,422
976
2,415
1,090
2,401
1,200
1, 415, 200
1,325,306
1, 258, 771
733, 941
545, 388
371,438
727, 024
709, 035
935, 624
1, 043, 709
99, 072
77, 425
76, 803
38, 691
30, 091
18, 687
47, 586
36, 468
47, 766
50, 647
12,
167
66
198
134
12, 229
8,892
8,109
4,389
3,340
2,404
6,749
5,084
6,766
7,791
903
1,015
1,084
1,515
1,487
1,816
1,365
1,368
1,258
1,144
316, 039
396, 514
482, 402
655, 143
564, 469
469, 593
261, 236
324,117
228, 436
239, 163
21, 703
28, 038
36, 368
64, 124
64, 737
61, 797
20, 761
17, 545
9,009
14, 272
MANUFACTURING— RUBBER PRODUCTS
655
335
723
349
638
311
607
227
552
174
544
96
572
215
650
267
632
286
618
330
1, 039,
932,
916,
559,
401,
127,
300,
362,
671,
910,
525
70, 253
8,849
8,849
284
048
44, 645
5,149
5,149
331
242
56, 324
6,055
6,055
303
565
12, 242
1,336
1,336
354
314
14, 004
1,371
1,371
361
581
2,779
301
301
426
313
13, 339
1,867
52
1,919
330
756
14, 976
2,094
20
2,114
340
861
30,119
4,141
323
4,464
312
991
54, 771
7,377
119
8,639
259
407, 272
454, 122
510, 967
540, 748
415,317
507, 935
418, 134
393, 498
116,885
50, 872
19, 356
45, 987
39, 191
63, 876
38, 154
41,517
10, 000
10, 566
6,989
3,183
MANUFACTURING— FOREST PRODUCTS
7,816
4,178
7,947
4,290
7,869
4,195
7,501
2,340
6,954
1,525
6,707
541
6,879
1,638
6,855
1,812
6,843
2,384
6,722
3,145
1,929,814
2, 052, 903
1, 978, 584
723, 630
332, 942
95, 829
407, 146
490, 335
734, 389
1, 291, 734
125,
142,
135,
35,
14,
5,
22,
27,
37,
15,612
15,210
13, 437
3,591
1,379
666
3, 153
3,743
5,221
10, 771
15,612
15, 210
13, 437
3,591
1,379
666
3,272
3, 80t
5,443
13, 257
3,353
3,367
3,294
4,868
5,150
5,929
4,882
4, 72;
4,196
3, 36C
874, 474
789, 281
816, 194
1,263,948
1.014,898
758, 131
586, 815
605, 068
583, 999
456, 523
94, 295
71, 493
68. 499
152, 460
199,138
212, 389
95, 335
76, 708
53, 628
37, 950
For footnotes, see p. 124.
122
STATISTICS OF INCOME
Table 7. — Corporations, 1927-36, by major industrial groups: number of returnSy
gross income, net income or deficit, income tax, excess-profits tax, and total tax for
returns with net income and with no net income ^ — Continued
[Money figures in thousands of dollars]
Total
num-
her of
returns^
Returns with net income '
Returns with no net income'
Year
Num-
ber
Gross in-
come'
Net in-
come ^
Income
tax*
Excess-
prof: ts
tax 8
Total
tax'
Num-
ber
Gross in-
come 3
Deficit •
MANUFACTURING— PAPER, PULP, AND PRODUCTS
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
2, OSS
l,3Sf
2. 093
1, 345
2,145
1,406
2,113
1,114
2,086
832
2,097
473
2,164
993
2,318
1,208
2,306
1, 29fi
2,371
1,440
1,401,
1, 374,
1, 546,
1,011,
632,
291,
709,
966,
1, 165,
1,437,
123, 988
lis, 590
124,347
73, 641
37, 472
16, 600
52, 356
80, 889
92, 321
123, 346
16, 063
13,768
13, 222
8,475
4,239
2, 237
7.250
11,123
12, 686
16, 367
169
211
266
276
16, 06^
13, 76.'
13, 22:
8,475
4,239
2,237
7,419
11,334
12. 952
19, 630
642
678,
673
953
1,200
1,582
1,106
1, 032
267, 60(
352, 79f
249, 444
567, 15S
639, 142
717, 678
453, 368
347, 752
326, 145
291, 362
13, 614
14, 959
19, 893
36, 379
53, 776
81,073
36, 090
28, 418
31,994
15.816
MANUFACTURING— PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1927... -
1928 -.
10,679
11,127
11,569
11,736
11,822
12, 100
12, 077
12,622
12,912
12, 735
6, 734
7,070
7,331
6,098
4,593
2,155
2, 713
4,490
4, 895
5,469
1929
1930
1931_
1932
1933
1934
1935
1936
2, 185, 712
2, 329, 670
2. 468, 2*3
2. 055, 461
1, 285, 285
888, 484
977, 340
1, 285. 357
1,468,211
1,792,311
198, 476
243, 650
270, 829
176, 137
115,795
58, 804
71,079
117,465
140, 037
188, 475
25, 123
27,310
28,017
19, 641
12, 895
7,795
9,853
16, 148
19, 255
23, 307
124
201
463
452
25, 123
27, 310
28,017
19,641
12, 895
7,795
9,977
16,349
19, 718
27, 822
3,629
3,703
3.839
5,271
6,810
9,510
8,886
7,618
7,495
6,811
380, 417
350, 275
402, 692
607, 967
1, 000, 179
900, 273
673. 352
571, 460
559, 876
440,889
34, 788
34, 104
47, 749
54, 512
77, 802
96, 170
57,917
64, 153
45, 978
28, 475
MANUFACTURING— CHEMICALS AND ALLIED PRODUCTS n
1927,
1928
1929
1930
1931
1932
1933
1934
1935
1936
7 22R
3,930
7, 50!
4,231
7,505
4,073
7.380
3,287
7,265
2,797
7,443
1,741
7,678
2,458
8,220
3,049
7,969
3, 156
7,174
3,303
6, 799,
8, ■'72,
9, 550,
17,376,
3,371,
2,761,
4. 094,
3, 322,
4, 545,
3, 649,
495, 857
848, 127
911,512
534, 077
251, 493
167, 778
272, 909
324,031
366, 128
479, 278
I 64, 767
99, 002
98, 124
62, 961
29, 409
22, 644
38, 240
44, 627
50, 340
57, 408
535
543
929
1,063
8 64, 767
99, 002
98, 124
62,961
29, 409
22, 644
38, 775
45, 170
51, 269
65, 142
2,892
2,820
2,998
3,727
4,047
5,315
4,606
4, 559
4,350
3, 508
1, 969, 078
778, 526
737,016
2,351,166
3, 952, 977
3, 696, 099
2, 191, 132
3, 325, 574
2, 882, 520
275, 689
110,369
59, 789
56, 976
175, 4,59
318, 864
223, 266
189, 213
178, 543
114,331
18, 769
MANUFACTURING— PETROLEUM AND OTHER MINERAL OIL PRODUCTS "
1936.
528
357 3,716,885 224,627 20,723
53 23, 671
389 888. 562 21, 110
MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
4, 682
2,587
4,852
2,676
4,816
2,572
4,724
1,805
4,418
1,149
4,268
424
4,112
642
3,974
997
3,967
1,2,53
3,970
1,781
1, 357,
1,394,
1, 389,
1, 027,
483,
184,
428,
603,
769
1, 196,
157, 263
172, 007
163, 646
92, 812
41, 683
13, 270
34, 762
61, 751
88, 695
161,516
20,564
19, 770
17, 268
10, 487
4,614
1,760
4,826
8,491
12, 196
21, 187
86
59
470
507
20, 564
19, 770
17, 268
10, 487
4,614
1,760
4,912
8,550
12, 666
24, 507
1,876
1,933
1,989
2,713
3,076
3,685
3, 186
2,747
2,524
2,015
243, 350
259,911
265, 730
382, 407
558, 054
485. 794
290, 009
235, 957
248, 437
183, 925
28, 356
32, 518
33, 439
53, 374
79, 174
110,098
55, 635
36, 527
31,219
16, 607
MANUFACTURING— METAL AND ITS PRODUCTS 12
1927
20, 379
20, 695
21,047
20, 831
19, 700
18, 877
19, 080
20, 353
19, 856
19, 772
11,412
12, 252
12, 864
8,188
4,744
1,917
4.291
6.844
8,426
10, 467
1928-
1929
1930
1931
1932
1933
1934
1935
1936..
256, 966
847, 896
125,989
790, 300 1,
652, 191
031,353
059, 694
040, 389
652, 872
501,257 1,
501,274
910, 004
291,767
003, 020
355, 221
71,098
287, 192
535, 147
874, 503
113,920
1198,066
221,838
236, 494
116,149
40, 624
9,558
40, 565
73, 627
120, 240
147, 102
377
8,202
3,777
1 198, 066
221,838
236, 494
116, 149
40, 624
9, 558
40, 942
74,415
128, 442
175, 431
8,227
7,479
7. 292
11! 904
14. 174
16, 191
13, 849
12, 437
10, 702
8,563
2, 928, 373
2, 326, 047
1,966,590
4, 407, 595
6, 861, 806
5, 475, 380
4. 077, 533
3, 588, 045
2, 902, 219
2, 068, 625
241, 305
254, 975
170, 113
400. 375
760, 951
054, 566
494, 126
278, 421
169, 108
74,915
For footnotes, see p. 124.
STATISTICS OF INCOME
123
Table 7. — Corporations, 1927-36, by major industrial groups: mimber of returns,
gross income, net income or deficit, income tax, excess-profits tax, and total tax for
returns with net income and with no net income '—Continued
[Money figures in
thousands of dollars]
Total
num-
ber of
returns^
Returns with net income '
Returns witti no net income^
Year
Num-
ber
Gross in-
come 3
Net in-
come *
Income
tax 5
Excess-
profits
tax 6
Total
tax'
Num-
ber
Gross in-
come'
Deficit *
MANUFACTURING— MOTOR VEHICLES, COMPLETE OR PARTS '»
SOI
3f)7 4,621,105 433,348 59,700
696 66, 174
390 163,117 11,654
MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED
8,106
4,108
8,487
4,274
8.269
3, 995
7,801
2,918
8.352
2,206
7 495
960
7.278
1,500
6, 408
1,825
6,613
2,144
6,021
2,378
1,761,
1, 993,
1, 880,
1, 152,
685,
323,
541,
772,
1, 083,
1,370,
163. 752
195, 999
188, 335
105,216
56, 661
24, 377
51.736
70, 192
108, 897
155, 967
20. 326
21. 702
19, 267
11,756
6,201
3,273
7,262
9,653
14, 973
19, 143
220
184
534
20. 326
21, 702
19.267
11,756
6,201
3,273
7,482
9,837
15, 861
23, 576
3,417
3, 556
3,477
4,280
5,272
5,696
4, 842
3,767
3, 676
3,047
467, 835
455, 592
585, 157
841,663
796,917
676, 232
480. 173
433, 320
352, 338
293, 029
58, 260
56. 179
82,284
134, 443
143, 375
138, 367
85, 175
41,456
30, 433
17,878
CONSTRUCTION
17,609
10, 071
18, 770
10, 179
19, 947
10, 462
20, 035
8,871
19, 806
6,457
19, 046
2,115
18, 235
2, 14C
17, 751
3,353
17, 687
4,242
17,997
6,202
2,413,
2,317,
2, 291,
2, 174,
1,213,
468,
374,
574,
789,
1.309,
171,
170,
178,
150,
80,
30,
23,
31,
49,
74,
20, 078
17, 175
16, 519
15, 210
7,625
3, 639
3,268
4,358
6,772
9,082
173
190
710
661
20, 078
17, 175
16,519
15,210
7,625
3,639
3,441
4,548
7,482
11,773
6, 281
7,117
7,896
9,674
11,676
15, 204
14,112
12, 588
11,808
10, 443
642, 410
661, 089
790, 254
867, 972
,022.318
969. 246
704, 115
681,905
703. 428
703, 504
59, 417
71, 369
70, 066
82, 488
111,048
141,060
91, 445
66, 482
55, 737
37, 305
TRANSPORTATION AND OTHER PUBLIC UTILITIES
1927.
1928.
1929
1930
1931.
1932
1933
1934
1935
1936.
22, 912
13,855
23, 662
13, 882
23, 951
13,614
23, 662
12, 109
23,715
10, 933
24, 038
6,700
24, 302
7,429
28, 537
9, 808
28, 437
10,600
27, 486
11,196
1,588,
1.813,
2, 092,
1, 334,
902,
708,
657,
919,
927,
1, 376,
210, 878
211,681
222, 483
156, 573
105, .585
98,118
92, 258
126, 600
127, 580
164, 155
324
329
1, 125
757
210,878
211,681
222, 483
156, 573
105, 585
98, 118
92, 582
126, 929
128,705
173,428
6,982
7,422
7,994
9,522
10, 622
14,981
14, 349
15, 571
14, 833
13, 657
2. 295, 882
1,538,135
1,500,004
3, 060, 013
6, 584. 845
6, 387, 532
5, 826, 561
5, 215, 038
5. 064, 703
4, 065, 288
197, 472
173, 170
190, 692
333, 528
605. 249
8,39, 051
743, 116
642, 896
572, 047
353, 885
TRADE
1927.
1928.
1929.
1930
1931.
1932.
1933
1934
1935
1936.
122, 360
74, 747
129, 766
70. 745
132, 660
78, 666
134,769
59, 741
136, 5?0
46, 049
135, 977
20.951
137,858
39, 275
146, 056
52, 823
149, 426
57,813
149, 805
69, 263
1, 156,
1,246,
1, 149,
651,
460,
234,
436,
670,
767,
1,136,
137,352
126, 332
107, 149
64. 166
45, 708
30, 644
60, 438
92, 200
105, 495
143,572
1,751
2,077
3,311
4,868
137, 352
126, 332
107, 149
64, 166
45, 708
30, 644
62. 189
94, 277
108, 806
173,546
7, 430,
8, 379,
9, 230.
13. 828,
14, 484,
13, 804,
9, 222,
10, 031,
9, 946,
8, 460,
362, 339
355, 514
419,398
738, 695
, 025, 431
, 039, 924
476, 184
349, 162
301, 252
213, 049
SERVICE- PROFESSIONAL, AMUSEMENTS, HOTELS. ETC.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
34, 193
18, 287
36, 829
19, 008
39, 042
20, 230
42, 064
IS, 741
42, 406
15, 637
47, 568
7,140
47, 843
7,566
50, 989
11,194
54, 560
13, 358
64, 426
18, 445
2,680,916
2, 784, 161
S. 051, 820
2, 757, 401
1, 698, 877
910, 255
868, 980
1. 561, 845
1, 803, 935
2, 545, 580
244,
254,
314,
234,
117,
64,
60,
107,
127,
232,
239
348
729
912
28, 626
25, 501
29, 632
23, 705
11,081
8 8, 396
8,717
16,211
18, 243
32, 446
12, 869
14,518
15, 737
19, 472
22, 588
36. 142
35. 419
34. 718
36, 289
41. 258
906, 079
1, 043, 450
1, 140, 089
1. 407, 466
1, 980, 348
2,181,686
1, 952, 228
1,812,431
1, 903, 785
2, 103, 413
117,065
126, 709
154,215
179, 230
241,288
480, 481
378, 023
283, 406
268,518
243, 235
For footnotes, see p. 124.
124
STATISTICS
\COME
Table 7. — Corporations, 1927-36, by ma-j
gross income, net income or deficit, inco,
returns with net income and with no net -
dustrial groups: number of returns,
excess-profits tax, and total tax for
e 1 — Continued
[Money figures in tho Is of dollars]
Total
num-
ber of
returns 2
Returns with net ■' i '
Returns with no net income'
Year
Num-
ber
Gross in-
come 3
Net in-
come *
Income
tax 5
Excess-
profits
tax 6
Total
tax'
Num-
ber
Gross in-
come 3
Deficit *
FINANCE— BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
137, 425
78, 100
145, 433
80, 315
150, 588
80, 260
153,182
72, 102
152, 920
59, 129
143, 805
26, 395
142, 942
22, 369
147, 277
27, 257
143, 843
33, 231
132, 715
43, 866
10, 797, 010
'12,556,460
10, 872, 951
7, 519, 508
4, 293, 852
2, 778, 019
2, 725, 266
3, 036, 267
3, 638, 747
6, 371, 607
1, 522,
1,971,
2, 197,
1, 064,
570,
287,
260,
452,
603,
2, 219,
181, 706
213, 238
222, 403
109, 455
55, 166
36, 576
35, 848
62, 108
82, 928
118, 006
504
742
2,886
2,286
181, 706
213, 238
222, 403
109, 455
55, 166
36, 576
36, 352
62, 850
85,814
144, 842
44, 582
48, 824
53, 677
64, 477
75, 434
98, 725
99,314
98, 839
91, 702
71, 828
2, 407,
*2,677,
4, 786,
5, 777,
6, 535,
5, 378,
4, 695,
4, 868,
4, 864,
2, 405,
566. 177
566, 199
008, 827
566, 677
256, 843
335, 500
273, 806
657, 190
3S1, 593
771, 494
NATURE OF BUSINESS NOT GIVEN
1927
1928
1929
1930
1931.
1932
1933
1934.
1935.
1936.
18, 693
1,492
16, 597
960
17, 247
1,152
21, 330
1,040
19, 334
1,045
18, 158
339
11,511
228
12, 458
188
14, 961
163
14, 080
197
4,143
3,940
2,312
1,786
1,796
1,041
479
908
560
648
348
309
94
88
105
135
67
125
77
76
348
309
94
88
105
135
69
127
83
1,731
1,350
1,748
1,898
2,228
2,099
1, 262
1,251
1, 560
1,482
37
336
21
639
25
715
17
773
24,
354
12, 403
7,643
3,
546
3.
720
5, 222 1
9,398
6,920
8, 703
12, 303
18, 724
14,813
5,838
5, 058
9,168
5,209
> Changes in the revetaue acts affecting the comparability of statistical data from incense tax returns of
corporations are summarized on pp. 195-200. The classification of returns into those "with net income" and
"with no net income" is based on the amount of income for tax computation. For 1936 the amount of
income for tax computation includes dividends received on stock of domestic corporations subject to taxa-
tion under Title I of the elTective revenue acts (item 12(a), p. 2 of return) and interest received on certain
Government obUgations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes contri-
butions or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and excess-
profits tax (item 28, p. 2 of return).
2 Includes number of returns of inactive corporations.
3 For 1927-31 gross income corresponds to total income as reported on face of return, plus "cost of goods
sold," and for 1932-36. gross income corresponds to total income as reported on the return, plus "cost of
goods sold" and "cost of operations." For 1934 and 1935 interest on Liberty bonds, etc., has been deducted
from gross income, as this item was not included in gross income for prior years. For 1936, gross income
includes interest received on certain Government obligations which is subject to the excess-profits tax.
< For 1927-35, net income or deficit represents the amount for income tax computation. For 1936, net
income or deficit represents the amount for excess-profit tax computation which includes dividends received
on stock of domestic corporations subject to taxation under Title I of the effective revenue acts and interest
received on certain Government obligations subject to excess-profits tax, and excludes contributions or
gifts (limited to 5 percent of net income before deduction of contributions or gifts) .
5 For 1936, includes income tax reported on returns with fiscal year ended July through November 1936
(and returns with part year which began in 1935); graduated normal tax, and flat normal tax for corpora-
tions exempt from the graduated rates, reported on returns for the calendar year 1936 and for fiscal year
or part year ended in period January through June 1937.
" The excess-profits tax for 1933 became effective June 30, 1933, under the tax provisions of the National
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excess-profits
tax for 1934 and 1935 appears on returns with no net income for income tax purposes. The credit for interest
received on certain obligations of the United States and its instrumentalities, which is allowed against net
income in the computation of the income tax, is not allowed against net income in the computation of the
excess-profits tax. (See article l((i), Treasury Decision 4459, "Regulations relating to excess-profits tax
imposed by section 702 of the Revenue Act of 1934.")
7 For 1936 includes surtax on undistributed profits reported on returns for the calendar year 1936 and for
fiscal year or part year ended in period January through June 1937.
8 Revised. For revised figures for 1927, see Statistics of Income for 1928; for revised figures for 1928, see
Statistics of Income for 1930; for revised figures for 1930, see Statistics of Income for 1931, pp. 32 and 33; for
revised figures for 1932, see Statistics of Income for 1933, p. 37.
' Liquors and lieverages, included in "Food and kindred products," 1927 to 1932.
'D Clothing and apparel, included iti "Textiles and their products" prior to 1936.
" Petroleum and other mineral oil products, included in "Chemicals and allied products" prior to 1936.
12 Motor vehicles, complete or parts, included in "Metal and its products" prior to 1936.
STATIC
OF INCOME
125
Table 8. — Corporations, 1927-3&
gross income, net income or defi-;
returns with net income and with'.
[Money figu
[For text defining certain itet
Year
'^tates and Territories: number of returns,
■wme tax, excess-profits tax and total tax, for
MKit income ^
? iOi thousands of dollars]
id describing returns included, see pp. 1-7]
Total
num-
ber of
re-
turns '
ReturCTT *xh net income '
Num-
ber
Gross
income '
iN'et
income *
Income
tax 5
Excess-
profits
tax 9
Total
tax '
Returns with no net income •
Num-
ber
Gross
income '
Deficit «
ALABAMA
4,383
2,697
4,656
2,619
4,473
2,310
4,477
1,772
4,299
1,380
4,065
607
3,827
916
3,797
1,295
3,725
1,306
3.617
1,618
519,012
500, 374
454, 089
249, 927
134, 244
50, 683
175, 190
241, 750
251,185
427, 548
35, 667
4,172
4,172
1,313
31,251
3,055
3,055
1,608
29, 089
2,643
2,643
1,767
12, 394
1,048
1,048
2,261
6.049
412
412
2,370
2,200
247
247
2,953
8,140
1,105
84
1,189
2,416
10, 940
1,504
64
1,568
2,098
11,121
1,530
62
1,592
2,065
25. 291
3,123
225
3,932
1,687
138, 880
161, 097
176, 391
276, 462
244,801
232, 078
160, 538
181, 338
215, 737
131, 826
9,353
10, 519
16, 472
25,020
29,845
39,662
21, 503
18, 497
15, 781
8,738
ALASKA
174
94
175
94
182
100
170
92
181
71
165
42
170
61
203
62
217
80
209
92
7,378
078
63
63
48
7,459
642
46
46
51
8.618
837
46
46
46
6, 284
503
35
35
55
4,368
333
18
18
86
2, 949
261
24
24
92
4,214
337
46
6
52
87
4,458
556
76
6
82
115
7.914
836
115
11
126
113
9.041
916
101
13
131
89
1,441
2,189
1,857
2.808
3,488
2,770
2,762
3,103
3, 325
3,156
537
407
252
448
562
637
374
372
390
376
ARIZONA
1.556
eos
1,734
766
1,953
822
1, 932
629
1,893
506
1,773
217
1,674
240
1,586
389
1,555
466
1.531
554
129. 187
123,210
161. 623
69, 571
48, 834
19, 672
29, 778
66, 782
85, 620
113, 531
7.780
865
865
403
9,811
936
936
430
18, 992
1,732
1,732
510
4.756
421
421
725
2,522
194
194
807
868
106
106
1,026
1,110
153
2
155
934
3,279
451
21
472
809
4,401
604
38
642
774
6.478
747
57
881
676
30, 332
45, 425
36, 616
74, 354
56, 072
52, 256
42, 635
37, 302
41, 239
38, 713
6,344
8,923
19, 259
9,771
14, 970
11,863
11,751
5,195
5,727
3,044
ARKANSAS
2,660
1,626
2,760
1,707
2.629
1,680
2.624
1,140
2.471
899
2, 306
499
2,325
740
2.366
907
2.534
1,028
2,530
1,291
272. 395
308, 073
304, 739
146, 506
69, 48'
40. 052
87, 868
133, 632
158, 696
238, 373
16, 260
1,811
1,811
884
17. 064
1,573
1,573
889
17, 566
1,451
1,451
795
6,755
571
571
1,309
3,946
303
303
1,415
1,901
231
231
1,679
3.981
545
28
573
1,460
6.002
825
34
859
1,336
7.101
976
47
1,023
1,324
13.313
1,521
112
1,830
1,051
113,687
107, 435
74, 138
160, 302
144,318
116,265
82, 670
82, 131
89, 846
69, 047
12, 107
9,449
6,140
19, 094
15, 926
14, 579
8,949
6,576
5.684
3,316
CALIFORNIA
22, 162
11.098
22, 754
11,438
23. 206
11.316
23. 836
9.517
23. 738
7,465
24, 109
4,419
23. 700
5,264
25. 106
7,112
25, 246
8,623
24. 999
10. 258
5, 349, 887
6. 110. 532
5. 274, 064
3.733.015
2,441,374
1., 595, 538
2. 052, 632
2, 790, 876
3, 584. 160
5. 007. sn7
447. 750
552, 289
512. 923
324. 584
190, 149
139, 578
156, 571
228, 691
265, 864
507. 369
56, 530
62. 038
52. 960
36, 114
20, 714
18, 703
21,644
31. 449
36, 557
53. QQ9
335
382
1,253
1.284
56, 530
62. 038
52. 960
36. 114
20, 714
18, 703
21,979
31,831
37, 810
62.115
8,494
8.747
9.243
11,538
13, 569
16. 590
15, 352
14.P75
13, 500
11.851
1, 271. 408
1, 165, 995
1, 507, 059
2, 333, 480
2, 390, 597
2, 221, 271
1, ."09. 344
1,714,305
1, 600, 398
1. 106, .527
146, 149
145, 859
147, 570
253, 757
395, 716
385, 853
2 59,010
227, 880
170. 684
102. 7TiJ
For footnotes, see p. 135.
114338—39 9
126
STATISTICS OF INCOME
Table 8.- — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income^— Continued
[Money figures in
thousands of dollars]
Total
num-
ber of
re-
turns 2
Returns with net income '
Returns with no net income^
Year
Num-
ber
Gross Net
income ^ income *
Income
tax 5
Excess- ™, . ,
P™^^'' tax?
tax 6 tax
Num-
ber
Gross
income s
Deficit <
COLORADO
1927.
1928.
1929.
1930-
1931.
1932.
1933.
1934.
1935.
1936.
6,863
3,144
7,134
3,342
7,317
3,311
7,257
2,941
7,205
2,359
6,952
980
6,705
1,098
6,824
1,559
6,660
1,854
6,463
2,300
745, 766
941, 132
738, 303
446, 515
284, 298
191, 260
296, 951
385, 308
440, 918
611,121
47, 758
,"9, 932
52, 349
30, 943
18, 442
14,283
25,825
32, 985
38, 338
60, 733
5,647
6,109
5,084
3,090
1,786
1,775
3,557
4,536
5,271
7,147
75
103
310
5,647
6,109
5,084
3,090
1,785
1,775
3,632
4,639
5,479
8,354
2,291
2,313
2,474
2, 845
3,355
4.564
4,251
3,851
3,601
3,012
292, 356
147, 988
200. 275
364, 806
366, 998
322, 205
233, 981
203, 087
204, 970
185, 305
CONNECTICUT
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
6,685
3,935
7,105
4, 302
7,529
4,558
7,955
3,698
8,074
3. 155
8,370
1,381
8,521
1,861
8,948
2,385
9, 051
2,708
9,219
3.407
1
1, 785, 784
1, 925, 120
2,021,940
1, 329, 177
851, 783
462, 884
663, 841
962, 925
1, 226, 404
1, 626, 666
136, 992
177,471
199,914
84,911
58,810
35, 344
50, 968
73, 219
90, 438
143, 740
16, 827
19, 570
20, 782
9,170
6,398
4,752
7,069
10, 073
12, 434
17, 368
62
42
1901
398
16, 827
19, 570
20,782
9,170
6,398
4,752
7,121
10, 115
12, 624
20,033
2,283
2,326
2,486
3.742
4,425
6,418
6,101
5,940
5,748
5,248
333, 327
365, 863
378, 205
763, 913
902, 377
905, 173
754, 143
711,228
638, 072
574, 765
DELAWARE
927.
1928.
1929.
1930.
1931.
1932
1933
1934
1935
1936
1, 553
845
1,705
984
1, 951
1,068
1,951
888
1,966
674
2,054
445
2,106
472
2,572
706
2,888
883
3,224
1,598
1, 088, 616
1, 330, 828
1, 674, 632
1,477,488
679, 062,
585, 193
530, 692
760. 149
872. 425
1, 463, 262
116, 890
189, 783
272, 455
125, 272
76, 198
40, 697
62, 291
93. 329
128. 568
490. 945
15, 548
22, 067
29,423
14, 548
8,939
5,573
8,688
12,882
17,677
31,355
123
145
588
275
15, 548
22,067
29,423
14, 548
8,939
5,573
8,811
13, 027
18. 265
37, 183
485'
471
583
811
1,003
1,341
1,356
1,509
1,628
1,196
97, 435
105, 179
175, 492
278, 671
813. 073
636, 895
658, 344
570, 810
857. 074
114,951
DISTRICT OF COLUMBIA
1927.
1928
1929
1930
1931
1932
1933
1934
1935
1936
1,988
1.070
2,220
1,126
2,329
1,196
2,317
1,124
2.343
1,067
2,378
586
2,445
653
2,598
918
2.780
1,158
2,818
1,333
548, 825
555, 365
567, 465
472, 483
283, 554
174,424
216,810
305, 696
375, 784
451,802
55, 838
55, 898
52. 909
30, 330
22, 376
14.949
13,914
22, 871
27, 023
46, 287
7,225
6,423
5,460
3,286
2,419
2.064
1,948
3, U^
3, 713
5, 079
14
49
120
113
7,225
6,423
5,460
3,286
2,419
2,064
1,962
3,194
3,833
5,930
695
822
872
966
1,081
1,590
1,554
1.428
1,399
1,279
90,086
102, 795
88, 083
121, 339
253, 735
257, 854
211, 183
221, 222
230, 133
236, 683
FLORIDA
1927..
1928..
1929 -.
1930- .
1931..
1932- .
1933..
1934..
1935..
1936..
11,010
3,443
11.283
3,368
11,119
3,489
11, 309
3,469
11,028
3,064
9,853
1,204
9, 263
1, 541
9,609
2,332
9, 863
2,651
9,866
3, 456
369, 737
352, 552
355,211
323, 672
229, 590
125, 98.^i
186,016
326, 861
399, 84f
533, 051
32, 218
27, 064
28,114
20, 922
12, 80f
6, 481
8.471
16. 4,5^
22, 10(
40, 84(
3,413
2,276
2,210
1, 676
909
784
1, 161
2, 26r
3, 03!
4,071
48
81
173
278
3,413
5.323
372, 695
2,276
.5,177
288. 297
2,210
4,778
284. 945
1,676
4.769
254,971
909
5,073
263, 357
784
6,611
262. 469
1,209
5.892
207. 694
2, 346
6, 42:
208. 254
3,212
5.m
227, 302
5,259
4,923
211,325
For footnotes, see p. 135.
STATISTICS OF INCOME
127
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns '
Returns with net income '
Returns with no net income^
Year
Num-
ber
Gross
income '
Net
income *
Income
tax 5
Excess-
profits
tax'
Total
tax'
Num-
ber
Gross
income '
Deficit «
GEORGIA
5,524
3,416
5,620
3,409
5,738
3,390
5,678
2,681
5,567
1,980
5, 360
1,032
5, 556
1,825
5,900
2,277
5,830
2,381
5,721
2,880
869, 452
875, 584:
806, 659
436, 314
316, 569
178, 537
406, 807
565, 990
504, 588
860, 409
70, 521
64, 903
62,281
25, 925
18,624
10, 767
22, 769
35, 126
26, 683
63, 953
8,320
6,891
6,105
2,252
1,664
1,354
3,115
4,830
3,669
7,736
84
71
133l
247
8,320
6,891
6, 105
2,252
1,664
1,354
3,199
4,901
3,802
8,737
1,839
1,922
2,037
2,717
3,308
4,046
3,349
3,153
3.044
2,535
229, 623
257, 331
293, 278
427, 555
356, 912
326, 905
202, 500
228, 405
299, 471
191,617
HAWAII
686
445
734
455
784
448
785
413
669
295
7S0
304
768
329
791
371
798
457
818
533
205. 254
206, 357
213, 699
184, 486
46. 360
91.062
156. 898
176. 327
227. 150
261. 764
28, 349
33. 456
28.829
22. 836
4.552
7,675
19, 518
16. 586
31.2.36
47, 421
3.715
3.883
3,046
2,643
447
1.031
2,680
2.281
4,294
4,927
3,715
3,883
3,046
2. 643
447
1.031
2.694
2.290
4.350
5,591
203
238
291
339
346
446
413
392
313
253
32, 904
41,473
26, 577
42, 304
52, 942
105, 213
50, 812
40, 655
21, 900
20, 395
IDAHO
2,270
1,014
2,352
1,061
2.412
1,054
2.509
919
2,509
685
2,350
279
2,295
470
2,270
593
2,269
653
2, 150
780
118.271
126, 777
135. 406
86,771
56, 223
21.777
42. 957
69, 703
84, 461
122, 589
5,930
6,645
7, 525
4, 943
2,819
1,258
2,046
3,690
6,435
10, 373
587
535
.W5
403
226
177
280
502
885
1,259
587
535
.=105
403
226
177
289
521
907
1,397
564
5.53
.593
790
1,031
1,323
1,078
966
898
747
53, 184
60, 413
50, 361
73, 898
65, 211
58,949
47, 434
41,224
47, 137
35, 490
ILLINOIS
29. 24^
16,913
30, 444
17,668
31,700
17, 698
32. 04K
13, 389
32, 260
10, 489
32, 117
4, 810
32, 266
7,259
34, 845
9.974
35,331
11,506
35. 923
14, 708
11,953,
15, 684,
14,094,
9,617,
5.651,
3, 565,
5, 337.
7, 446.
9. 006,
11.910.
836. 588
1,012.940
1, 103.647
586, 664
263, 614
131, 959
220, 079
368. 385
461,663
793.017
107.499
115,222
115,133
66, 135
28,520
15,713
30, 722
50, 791
63. 479
95. 268
2,823
2.167
107, 499
115,222
115, 133
66.135
28, 520
15.713
31.301
51, 590
66. 302
115.908
10, 052
10, 370
11,339
15, 780
IS, 920
24. 144
21,731
21,099
20, 120
17. 592
4, 764, 386
8 2,151,365
4.801,819
6, 402, 522
6, 825, 575
5, 758, 058
3, 899, 593
3. 608, 633
3, 546, 36!
2. 462, 778
INDIANA
11,463
6,821
11,703
6,836
11,789
6, 881
11,663
5,289
11,989
4,395
11, 649
1,963
11,773
2,797
12,275
3.646
12,515
4,397
12,551
5.487
1, 582, 823
1. 635. 49:
1,708,371
994, 645
696, 537
292, 504
571.914
894. 540
1, 159, 2]x
1,670, 192
13.965
12.902
11,980
7, 250
4,888
3, 108
5, 082
8, 27.'^
11,382
16. 127
182
210
720
63K
13,965
12. 902
11.980
7. 250
4.885
3. 108
5.264
8, 48.=.
12. 102
19, 52-
3, 343
3,561
3, 705
5,186
6,236
8,322
7. 423
6, 965
6,431
5.442
479, 23e
469, 320
502, 243
767, 555
730, 301.
702,416
480, 61 1
507, 68^
464, 90S'
334, 46.'-
For footnote."!, see p. 135.
128
STATISTICS OF INCOME
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ^ — Continued
[Money
Bgures in
thousands of dollars]
Total
num-
ber of
re-
turns 3
Returns with net income '
Returns with no net income •
Year
Num- Gross
ber income ^
Net
income <
Income
tax 5
Excess-
profits
tax 6
Total
tax 7
Num-
ber
Gross
income ^
Deficit <
IOWA
1927.
1928
1929
1930
1931.
1932.
1933.
1934.
1935-
1936.
9,050
5,087
8,643
4,981
9,116
5,109
9,125
4,558
9,350
3,527
9,131
1,377
9,011
1,987
8,990
2,654
8,736
2,944
8,227
3,551
1, 047, 967
1,098,127
1, 089, 544
935, 209
548, 375
286, 327,
415, 557,
605, 840
733, 915
959,9291
53, 292
65,510
68, 045
46, 489
25, 509
11,239
18, 543
27, 254
34, 631
50, 225
6,154
6,605
6,399
4,574
2,361
1,503
2,584
3,768
4,760
6,089
50
73
212
169
6,154
6, 605
6,399
4,574
2,361
1,503
2,634
3,841
4,972
7,021
2,592
2,507
2,430
3,077
4,119
5, 867
5,060
4,409
4,054
3,215
248, 748
219, 656
261,779
337, 932
408. 076
380, 172
253, 415
232, 770
258, 798
199, 675
19,190
18, 550
20, 436
28, 276
47, 427
56, 170
37, 714
2fi. 938
23, 890
18, 646
KANSAS
1927
1928.
1929
1930
1931
1932
1933
1934
1935
1936.
5,191
3,122
5, 228
3,258
5,192
3,278
5,308
2,846
5,290
2,111
4,997
1,064
4,833
1, 175
4,955
1,674
4,841
1,832
4.637
2,312
879, 042
1, 061, 843
1, 157, 222
710, 603
460. 740
288, 764
205, 823
493, 750
491, 601
678, 084
99, 606
108, 127
134, 228
74, 321
32, 439
13, 308
8. 203
!9, 990
20, 360
42, 674
12, 807
12,100
13, 952
8,241
3, 435
1,819
1,131
2,772
2,811
4,990
12, 807
12, 100
13, 952
8,241
3, 435,
1,819
1,164
2,821
2,900
5,655
1,677
1, 531
1,517
2, 059
2,7141
3,453
3.131
2,829
2,663
2,042
295, 469
178, 640
154. 393
373, 290
281, 443
239. 684
294, 673
218, 757
252, 944
216, 199
29, 873
10, 460
12, 768
29, 352
52, 645
32, 539
21, 944
20, 256
22. 370
12,113
KENTUCKY
1927
1928
1929.
1930.
1931
1932
1933
1934
1935
1936
5,718
3,397
5, 894
3, 457
5,668
3,316
5,764
2,767
5,470
2,158
5,193
1,079
5,103
1,439
5,299
1,892
5,252
2,120
5,158
2,547
938, 354
955, 937
921, 182
612, 278
267, 715
221, 566
349,713
576, 013
736, 180
947, 637
72, 270
75. 154
77, 305
38, 453
18, 965
14, 468
23, 933
43, 978
46, 686
67, 875
8,893
8,172
7,746
3,982
1,843
1, 873
3.316
6,047
6,419
8,795
110
100
173
297
8,893
8,172
7,746
3,982
1,843
1,873
3,426
6,147
6,592
10, 557
1,691
1,783
1,799
2,364
2,765
3, 586
3,141
2,895
2,661
2,215
157, 883
172, 661
193, 354
277, 027
433, 143
327, 561
245, 309
267, 830
187, 697
137, 846
14, 494
15, 998
16, 388
74, 305
40, 242
39. 228
29. 766
24,001
19. 178
13, 342
LOUISIANA
1927.
1928.
1929
1930
1931
1932
1933
1934
1935
1936
5,817
3,219
6,072
3,370
6,314
3,424
6,440
2,903
6,597
2,415
6,675
1,197
6,605
1,502
6,995
2,012
6,850
2,325
6,541
2,805
936, 032
1, 040, 909
885, 801
605, 069
419, 649
243, 716
384, 501
527, 452
626, 077
898, 472
56, 861
60, 221
53, 648
33, 217
23, 234
14,929
21, 130
31, 487
35, 823
62, 750
6, 753
6,122
4,980
3,096
2,150
1,765
2,880
4,357
4,923
7,154
313
300
6,753
6,122
4,980
3,096
2,150
1,765
2,963
4,425
5,236
8,347
2,092
2,132
2,242
2,881
3,440
4,681
4,315
4,144
3,784
3,113
316,042
295, 881
339, 902
515, 634
480, 865
399. 762
237, 503
262, 124
279, 803
182, 928
26, 323
27, 385
32, 196
51, 988
59, 975
54, 925
48,511
30, 565
46, 257
21, 666
MAINE
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
3,489
2,072
3,644
2,092
3,720
2,095
3,789
1,888
3.884
1,535
3,771
713
3,771
854
3,897
1,087
3,912
1,111
3,810
1,358
484, 207
494, 436
487, 657
330, 322
210. 292
107, 009
153. 431
191,809
219, 382
297, 612
36. 574
34,915
35, 379
24, 232
13, 355
7, 924
10,119
12, 638
13.410
22, 357
4.327
3,703
3, 432
2.496
1,304
1,084
1,358
1.743
1,843
2,338
4,327
3,703
3,432
2,496
1,304
1,084
1,380
1.770
1,910
2,828
1,042
1,133
1,180
1,476
1,8)6
2,614
2, 454
2,313
2,336
2, 038
108, 635
124, 6(12
141,411)
265, 180
270, 579
238, 515
189, 082
181, 155
178, 297
180, 114
11,270
8.974
20, 792
28, 487
36,900
49, 719
38, 067
21, 097
16, 949
11,817
For footnotes, see p. 135.
STATISTICS OF INCOME
129
Table 8. — Corporations, 1927-36, hy States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns 2
Returns with net income '
Returns witii no net income!
Year
Num-
ber
Gross
income '
Net
income <
Income
tax «
Excess-
profits
tax 6
Total
tax 7
Num-
ber
Gross
income ^
Deficit *
MARYLAND
5,787
3,162
5,970
3,144
6,189
3,334
5,922
2,775
5,841
2,255
6, 156
1,300
6,313
1,653
6,740
2,187
6,776
2,324
6,326
2,653
1, 355, 004
2, 348, 695
2, 505, 888
2,114,349
1, 529, 221
1, 169, 378
1, 260, 465
687, 119
793, 415
1, 327, 578
104, 113
156, 352
165, 645
116,375
76, 622
56, 117
55, 447
65, 948
55, 806
124, 717
80
143
201
250
1,882
2,067
2,143
2,479
2,932
4,102
3,836
3,735
3,663
2,971
222, 922
236, 587
279, 430
420, 191
719, 472
703, 194
577, 569
593, 365
600, 357
265, 758
MASSACHUSETTS
18, 182
9,907
18, 851
10, 266
19, 401
10, 383
20, 070
8,316
19, 678
6,727
20, 016
3,476
19, 972
5,174
21, 206
6,188
21,699
7,027
22, 047
8,756
5,575,411
1 5, 354, 347
5, 739, 160
3, 506, 843
2, 581, 451
1,616,236
2, 492. 028
2, 557, 615
3, 298, 510
4, 327, 695
399, 971
412, 506
444, 570
249, 537
170. 983
106, 685
177,754
177, 365
223, 173
350, 995
49, 174
45, 923
44,620
27, 837
18, 985
14, 217
24, 779
24, 388
30, 686
38, 072
451
216
1,124
837
49, 174
45, 923
44, 620
27, 837
18, 985
14, 217
25, 230
24, 604
31,810
43, 938
7,149
7.501
7,980
10, 546
11, 948
15, 396
13, 720
13. 622
13, 321
11,957
1,366,406
1, 849, 502
1, 914, 633
2, 729, 715
2, 410, 170
2,231,981
1,616,687
1,872,967
1, 650, 133
1, 356, 513
MICHIGAN
14, 120
7,953
14, 920
8,655
15, 543
8,631
15, 758
6,045
15, 287
4,562
14,951
2,063
14, 798
3,141
15, 582
4,742
16, 166
5,946
16, 202
7,347
5, 929, 512
6, 998, 639
8, 083, 807
4, 654, 505
2, 776, 880
703, 521
2, 391, 165
4, 918, 522
7,115,810
8, 508, 399
624, 658
735, 671
762, 435
389, 342
239, 140
54, 022
176, 627
282, 582
456, 526
720, 735
81,971
85, 310
71, 6*^8
43, 858
27, 123
7,219
25, 110
38. 862
62, 772
96, 602
184
325
6,143
1,801
81,971
85, 310
71,628
43, 858
27, 123
7,219
25, 294
39, 187
68, 915
109, 158
4,873
4,840
5,448
8,063
9,124
11,247
9,947
9,103
8,370
7,131
1, 235, 428
1, 325, 147
1, 106, 247
1, 716, 269
2, 036, 296
2, 224, 772
1,306,356
950, 968
719, 647
774, 621
MINNESOTA
11,101
5,910
11,302
6,229
11,482
6, 316
11,476
5,491
11,403
4,364
11,196
2, 030
10, 792
2,373
11,298
3, 185
11,214
3,683
11,133
4,520
2, 499, 166
2, 544, 669
2, 502, 989
1,857,606
1, 063, 009
652, 128
995, 647
1, 326. 095
1,589,448
2, 090, 451
117,224
155, 637
146, 669
87, 556
57,311
31,115
44, 779
59, 810
68, 070
123, 540
14, 227
17, 091
14, 697
9,225
5,991
4,166
6,284
8,236
9,358
12, 871
77
151
310
417
14, 227
17, 091
14, 697
9,225
5,991
4,166
6,361
8,387
9,668
15,241
3,693
3,544
3,563
4,435
5,427
7,513
6,855
6,414
5,847
4,937
343, 390
418, 990
477, 318
722, 989
951, 175
867, 046
651, 229
676, 997
608, 656
500, 172
MISSISSIPPI
2,240
1,435
2,432
1,482
2, 562
1,493
2,604
1,044
2,585
782
2,446
367
2,337
644
2,326
835
2,374
910
2,372
1,196
236, 058
257, 632
266, 681
143, 578
83, 099
25, 779
71, 080
119,709
132, 141
224, 101
12, 176
12, 700
13, 737
5,999
3,485
1, 12S
2,856
4,670
6,015
12, 137
1,242
1,066
1,131
512
267
133
391
639
827
1,439
1,242
1,066
1,131
512
267
133
403
662
869
1,854
674
780
894
1,293
1,461
1,778
1,461
1,325
1,299
1,013
77, 817
80, 317
96, 251
136, 535
111,822
106, 816
77, 530
81, 179
88, 206
58, 018
For footnotes, see p. 135.
130
STATISTICS OF INCOME
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money
igures in
thousands of dollars]
Total
num-
ber of
re-
turns 2
Returns with net income '
Returns with no net income *
Year
Num-
ber
Gross
income ^
Net
income*
Income
tax'
Excess-
profits
tax«
Total
tax 7
Num-
ber
Gross
income ^
Deficit <
MISSOURI
1927
1928
1929
1930
1931
1932.
1933.
1934.
1935.
1936.
16, 370
9.017
16, 751
9.137
17, 223
9,146
17, 106
7,411
16, 767
5, 723
16. 373
3,140
15,594
4,014
15, 835
4,879
15,906
5,305
15, 467
6,486
3,441,649
239, 671
30, 281
30, 281
5,627
3, 724, 876
256, 781
27, 953
27, 953
5,711
3, 796, 258
262, 695
26. 786
26, 786
6.068
2, 574. 540
162. 446
17. 748
17, 748
7.691
1, 462, 835
101.315
10. 872
10,872
9,107
986, 399
78, 524
10. 554
10, 554
11.2t3
1, 478, 323
100. 036
13, 796
186
13, 982
9,769
2, 018, 558
142, 891
19, 661
256
19, 917
9,151
2, 084. 4,'50
134.044
18,431
402
18, 833
8,768
2, 884, 109
222. 864
28, 062
811
31, 719
7,356
970, 500
766, 051
862, 061
1,275.416
1, 573. 324
1, 365. 961
976,015
939, 236
1. 134, 084
945, 625
66, 960
60, 573
65, 538
103, 086
1S5, 867
184,323
151,477
132,843
126,280
70, 446
MONTANA
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936,
4,020
1,837
3,708
1,933
3,585
1,822
3.350
1,419
3,201
1,099
3,044
529
2,933
630
2,967
937
2,978
1,053
2,822
1,048
194, 574
213, 196
190, 321
116,180
78, 928
33, 989
50, 459
116, 143
159,290
164, 962
13,312
14, 643
11,942
5, 582
3,286
1,048
2,036
5, 520
8,622
10, 609
1.361
1.249
941
379
251
121
279
759
1,186
1, 230
1,361
1,249
941
379
251
121
286
787
1,240
1,546
983
960
1,070
1,454
1,729
2,153
1,938
1,647
1,524
1.428
48,014
46, 558
47, 886
72, 374
68, 003
71,612
59, 639
46, 340
50, 810
50, 960
9, 343
5, 483
6,770
10, 629.
17, 489
11,790
7,595
8,047
5,632
4.454
NEBRASKA
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
4.716
2.958
4,836
3, 060
4,725
2, 969
4,786
2,708
4,860
2,071
4,694
9.58
4,473
1,180
4,611
1.379
4,494
1,613
4,394
1,940
667. 777
653, 414
646, 677
515, 094
303, 124
133,907
216, 265
342, 666
334, 669
473, 178
26, 750
30, 024
30, 079
21,996
12. 648
7. 138
9,813
19. 905
15, 994
32, 674
2,982
2.882
2,662
2,043
1,087
948
1.360
2.737
2.198
4,181
18
54
71
126
2,982
2,882
2,662
2,043
1.087
948
1,378
2,791
2,269
4,750
1,296
1,251
1,352
1.705
2, 355
3,308
2,844
2,784
2,459
2,074
120, 555
153, 126
137, 689
180, 543
204, 894
236. 421
168, 021
136, 803
152,093
119,615
9,462
10, 356
17, 306
15, 628
21. 106
27, 803
21,783
17, 823
12, 950
10, 758
NEVADA
1927
1928
1929.
1930
1931
1932
1933
1934
1935
1936
874
314
1,026
353
1,033
351
1,022
309
997
301
938
108
888
106
956
195
968
227
929
299
108, 219
4,109
487
487
253
150,590
6,963
736
736
281
252, 796
9,771
971
971
315
244, 956
5, .547
.595
595
401
358, 248
6,840
754
754
410
254, 427
6,462
896
896
542
246,211
6,727
953
13
966
502
133,357
3,403
468
18
486
493
176, 435
3, 213
442
17
459
474
222,917
11,789
920
45
1,039
397
11, 550
10, 008
11,935
24, 508
19, 490
26, 225
26, 832
33, 599
24, 710
16, 426
3,412
4,602
4,330
5,845
4.777
6,021
15, 992
4,656
2,039
1,953
NEW HAMPSHIRE
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1,227
754
1,322
767
1,349
803
1,396
707
1,345
587
1,333
329
1,412
400
1,472
509
1,464
523
1,447
624
149.
153,
152,
112,
73,
47,
75,
105,
112,
159,
11,148
11,398
11,948
7,455
4, 166
2,151
5,005
7.760
7,074
10, 716
1,240
1,240
399
1,168
1,168
466
1,117
1,117
477
720
720
621
362
362
687
277
277
934
689
13
702
943
1,066
8
1,074
865
973
28
1,001
879
1,280
49
1,538
777
48, 475
80, 241
59, 075
94, 389
80, 675
72, 788
67, 653
73, 149
70, 422
66, 089
6,099
11, 104
4,782
11,647
8,733
10. 577
7,488
6.141
5,246
6,009
For footnotes, see p. 135.
STATISTICS OF INCOME
131
Table 8. — Corporations, 1927-86, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns '
Returns with net income '
Returns with no net income '
Year
Num-
ber
Gross
income '
Net
income <
Income
tax"
Excess-
profits
tax*
Total
tax'
Num-
ber
Gross
income '
Deficit «
NEW JERSEY
1927.
1928.
1929.
1930
1931
1932
1933
1934
1935
1936
19, 143
1
10, 783
20, 509
11,310
21, 885
11,646
22, 489
9,945
22, £67
8,449
23, 278
3,128
23, 902
3,599
25. 383
4,747
26, 354
5,670
26, 647
7,138
4, 393, 566
3, 607, 869
3, 748, 760
2, 484, 672
1, 745, 271
996,615
1,236,745
1, 785, 940
2,011,271
2, 730, 652
349, 484
376, 247
444, 895
224, 871
157, 129
106, 566
125, 456
167, 161
180. 725
373, 429
43, 337
41, 171
45, 680
24, 075
16, 813
14, 037
17, 395
23, 036
24, 868
34, 611
154
135
374
405
43, 337
41, 171
45, 680
24, 075
16, 813
14, 037
17, 549
23, 171
25,242
41,941
6,863
7,605
8,468
10,711
12, 515
17,955
17, 972
18, 104
18, 286
17, 356
808, 805
782, 487
955, 695
1, 405, 281
1, 794, 189
1, 776, 135
1, 551, 898
1, 393, 616
1, 504, 629
1, 348, 464
83, 002
85, 635
136, 749
238, 326
441, 477
359, 855
315,246
194, 846
175, 382
125. 619
NEW MEXICO
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1,019
495
1, 103
541
1,126
558
1,136
491
1,172
375
1,197
188
1,132
241
1,181
347
1,133
387
1,079
466
61, 856
3,998
418
418
283
70, 297
4,621
415
415
282
66, 999
4.320
354
354
300
49, 579
2,455
179
179
430
29.711
1,247
68
68
558
12. 157
412
47
47
738
24, 325
1,117
154
6
160
656
41, 407
2,059
283
14
297
596
46, 644
2,151
296
17
313
532
67, 376
4,217
448
36
542
450
16, 840
17, 357
17, 762
27, 216
29, 180
32, 497
20, 541
20, 127
19, 112
14, 212
2,748
2,221
2,527
3,228
4,088
4,535
3,429
2,569
1,840
1,472
NEW YORK
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
96, 949
53, 051
103, 372
55, 008
107, 300
55, 304
111, 100
47, 674
110,851
39, 271
109,931
15, 599
110,436
18, 922
118,941
24, 318
120, G19
27, 180
120. 983
34, 546
31,285,699
34, 937. 638
36. 812. 023
827,482,351
15,113,394
9, 660. 469
13, 241, 667
16,088,093
19. 634. 755
25. 140, 082
545, 507
248, 916
646, 922
091, 540
216,637
700, 156
831, 980
191, 532
447, 030
690, 816
324, 573
367, 733
383, 110
238, 010
135, 402
94, 739
116,743
164. 073
199, 007
260, 456
1,578
1,720
3,881
2,910
324, 573
367, 733
383, 110
238, 010
135, 402
94, 739
118,321
165, 793
202, 888
294, 505
36, 108
40, 062
43,865
54, 627
62, 639
85, 234
81,811
83, 689
82,871
76, 875
054, 365
116, 345
901. 545
011,326
194, 996
191, 558
691, 022
552, 650
925, 741
762, 262
576, 625
573, 652
854, 292
355, 500
918, 459
185, 749
672, 403
236, 092
994, 641
591, 439
NORTH CAROLINA
1927.
1928.
1929.
1980.
1931.
1932.
1933
1934
1935.
1936.
6,501
3, 688
6,669
3,462
6,570
3,009
6.544
2,161
6.219
1,819
5.802
1,080
5.835
2.049
5,900
2.576
6,019
2, 780
6,027
3,202
1.340.
1. 225,
1. 149,
732,
673,
464.
690,
849,
941,
1,295,
114,607
96, 562
104,314
73, 172
71, 193
62, 687
54, 459
65,566
70, 243
103, 821
14, 147
10, 770
10,863
8,334
8,148
8,565
7,482
9,015
9,657
13, 757
154
110
159
233
14, 147
10, 770
10, 863
8,334
8,148
8,565
7,636
9,125
9,816
15, 302
2,308
2,667
3,011
3,732
3,803
4,241
3.206
2.920
2.874
2,515
190, 775
261, 057
298, 035
471, 227
381, 167
345. 791
215, 406
272, 761
306, 982
173, 374
16,413
20,784
25, 344
36, 859
40, 107
51, 134
22, 367
26, 202
22, 114
8,464
NORTH DAKOTA
1927.
1928.
1929.
1930
1931
1932
1933
1934
1935
1936
3.471
1,695
3.528
1,737
3,425
1,467
3,574
1,183
3,548
826
3,239
487
2,938
649
2,885
785
2,752
726
2,603
743
160, 229
160, 651
121,487
88,446
44,313
26, 754
47,845
66, 952
67,840
70, 133
5,412
5,688
4,538
2,721
1,651
827
1,267
2,083
2,236
2,680
399
321
251
133
941
102
174
286
308
283
399
321
251
133
94
102
178
298
332
349
943
972
1,085
1,458
1.735
1, 910
1,585
1,454
1,463
1,356
35,829
44, 525
44, 399
59, 910
53, 623
.52, 553
38, 306
34, 305
41, 558
36, 035
3,150
3,220
3,845
4,533
6,538
6,596
4,419
4,335
3.047
2,659
For footnotes, see p. 135.
132
STATISTICS OF INCOME
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns '
Returns with net income '
Returns with no net income >
Year
Num-
ber
Gross
income '
Net
income *
Income
tax 5
Excess-
profits
tax 6
Total
tax?
Num-
ber
Oross
income ^
Deficit ♦
OHIO
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
24, 305
14,020
24, 722
14,344
25, 173
14, 299
25, 459
10, 676
25, 462
8,318
24, 919
3,969
24, 823
5,859
26, 151
8,471
26, 664
9,963
26, 640
12, 603
6, 673, 416
7, 557, 768
7, 879, 661
4, 901, 729
2, 910, 398
1, 746, 586
2, 559, 005
3, 812, 172
4, 991, 567
7, 267, 936
606,
589,
687,
301,
170,
114,
176,
259,
324,
585,
63, 487
74, 776
71, 393
33, 041
18, 223
15, 124
24, 323
35, 804
44, 650
70, 094
428
625
1,518
1,411
63,487
74, 776'
71,393i
33, 041
18, 223
15, 124
24,751
36, 329
46, 168
82, 892
8,901
8,942
9,515
13, 365
15, 457
19, 399
17, 287
16, 067
14, 973
12, 478
1, 741, 695
1, 339, 516
1, 705, 020
2, 704, 950
3,071,048
2, 727, 030
2, 200, 416
2, 179, 222
1,842,111
1, 239, 192
OKLAHOMA
1927
1928
1929
1930
1931
1932
1933
1934.
1935
1936,
6,132
3,271
6,456
3,512
6,671
3,649
6,944
2,948
6,558
1,717
6,092
1,030
5,976
1,396
6,060
1,834
6,073
2,063
6,701
2,318
804,
975,
1, 047,
619,
205,
166,
254,
474,
745,
1, 143,
56,
79,
105,
71,
20,
20,
27,
49,
61,
81,
6,368
8,124
9,795
7,739
2,171
2,611
3,716
6,747
8,506
9,891
126
139
330
158
6,368
8,124
9,795
7,739
2,171
2,611
3,841
6,886
8,836
1,013
2,090
2,177
2,169
3,073
4,054
4,369
3,892
3,663
3,375
2,875
366, 858
293, 740
336, 647
702, 726
691,717
500, 309
492, 528
641, 305
500, 882
272, 346
OREGON
1927.
1928.
1929.
1930
1931.
1932
1933
1934
1935
1936
6,350
3,028
6,673
3,131
6,863
3,105
7,012
2,590
6,880
1,910
6,446
779
6,247
1,058
6,093
1,427
5,813
1,702
6,635
2,023
486,
512,
579,
430,
220,
83,
177,
242,
327,
469,
618
23, 694
2,494
2,494
2,172
332
29, 385
2,737
2,737
2,232
209
30, 027
2,601
2,601
2,345
249
17, 010
1,617
1,517
2,979
112
8,936
768
768
3,467
397
3,065
371
371
4,336
766
6,448
767
17
774
3,861
517
9,235
1,269
24
1,293
3,481
687
13, 830
1,901
96
1,996
3,208
177
24,911
2,931
154
3,674
2,813
210, 568
204, 219
206, 520
287, 066
311,467
280, 190
205, 485
226, 652
212, 128
180, 964
PENNSYLVANIA
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
24, 883
13, 193
26, 558
13, 370
26, 357
13, 880
26, 577
11,254
26, 448
8,462
26, 800
4,546
26, 665
6,107
28, 646
8,104
28, 284
8,949
27, 829
10, 824
905, 715
060, 023
565, 536
249, 231
164, 050
226, 937
330, 524
349, 627
674, 798
104, 135
104, 000
112,113
64, 380
27, 371
21, 983
31,654
45, 409
48, 072
72, 432
566
481
1,159
1,349
104, 136
104, 000
112,113
64, 380
27, 371
21, 983
32, 120
45, 890
49, 231
83, 833
9,330
9,665
9,795
12, 549
15, 183
19, 143
17, 462
17, 255
16, 416
14, 230 j
2, 284, 379
2, 151, 155
1, 909, 570
3, 235, 599
5, 010, 370
4, 092, 190
3, 259, 577
3, 570, 752
3, 519, 121
2, 416, 908
RHODE ISLAND
1927
1928
1929
1930
1931
1932
1933
1934
1936
1936
2,688
1,536
2,871
1,628
2,964
1, 660
3,068
1,370
3,127
1,217
3,134
562
3,272
846
3,504
947
3,577
1,071
3,591
1,310
735, 728
691, 950
683, 002
380, 338
266, 321
127, 045
314, 610
293, 303
411, 535
656, 921
49, 046
51, 732
64, 487
23, 345
18, 184
9,290
22, 401
20, 307
26, 398
40, 184
5,791
5,586
6,604
^2,677
1,887
1,147
3,093
2,792
3,492
4,644
5,791
6,685
5,504
2,677
1,887
1,147
3,148
2,827
3,576
5,666
947
1,000
1,067
1, 450
1,665
2,327
2,143
2,249
2,197
1,994
160, 030
187, 610
231, 893
370, 685
373, 103
347, 445
217, 066
312, 196
270, 891
229, 036
For footnotes, see p. 136.
STATISTICS OF INCOME
133
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns 2
Returns with net income '
Returns with no net income '
Year
Num-
ber
Gross
income ^
Net
income *
Income
tax 6
Excess-
profits
tax 6
Total
tax?
Num-
ber
Gross
income >
Deficit «
SOUTH CAROLINA
3,713
1,768
3,817
1,710
3,759
1,597
3,626
1,229
3,610
980
3,404
511
3,245
1,078
3,322
1,334
3,447
1,394
3,557
1,689
404, 553
328, 582
299, 809
147, 121
114, 668
82, 521
224, 948
263, 916
275, 669
414, 756
24,791
17,816
16, 161
6,281
6,084
3,448
15, 727
14, 109
11,774
22, 920
2,694
1,804
1,464
525
539
433
2,130
1,940
1,619
2,875
70
26
41
166
2,694
1,804
1,464
525
539
433
2,200
1,966
1,660
3,709
1,548
1,709
1,775
2,031
2,244
2,511
1,871
1,704
1,794
1,568
106, 947
156, 705
194, 994
224, 452
196, 589
153, 147
91, 936
111,456
134, 764
86, 290
SOUTH DAKOTA
3,008
1,665
2,954
1,712
3,071
1,685
3,127
1,514
3,132
1,093
3,023
473
2,876
509
2,811
692
2,699
755
2,515
810
151, 272
154,811
140, 322
107, 590
55, 099
26, 226
36, 871
56, 905
74, 962
87,611
5,230
6,230
6,296
4,846
2,241
699
1,004
1,735
2,206
3,410
387
394
395
294
118
84
137
239
303
378
387
394
395
294
118
84
141
249
315
448
704
677
816
998
1,361
1,900
1,734
1,543
1,421
1,285
28, 127
30, 033
49, 669
55, 074
60, 017
58, 561
42, 343
40, 813
38, 937
40, 234
TENNESSEE
5,039
3, 054
5,213
3, 039
5,338
3,032
5,408
2,463
5,312
1,832
5,199
1,010
5,215
1,510
5,239
1,968
5,359
2,128
5,212
2,582
1, 039,
962,
902,
570,
362,
221,
414,
527,
618,
860,
61, 403
65, 893
59, 533
33,117
22, 969
12, 997
24, 473
28, 511
33, 141
53, 267
7,405
7,039
5,744
3,364
2,274
1,700
3,371
3,920
4.557
6,755
92
175
338
7,405
7,039
5,744
3,364
2,274
1,700
3,467
4,012
4,732
8,206
1,577
1,747
1,852
2,483
3,007
3,678
3,179
2,858
2,814
2,274
256, 920
268, 428
307, 351
420, 751
389, 176
358, 843
223,299
233, 119
227, 056
161,954
TEXAS
12, 930
7,524
14, 238
8,293
14,552
8, 156
15,431
6.660
15, 225
5,216
15, 154
2,982
15, 168
4,198
IS, 582
5,343
15, 675
5,772
15, 977
7,170
2, 315, 682
2, 452. 987
2, 420, 433
1, 593, 901
816. 758
730, 901
1, 057, 647
1, 389, 776
1, 920, 227
2, 822, 031
142, 338
173,980
189, 132
97, 054
45. 981
40. 858
57, 596
92, 504
103, 850
213, 131
17, 051
18.441
18, 193
9,739
4,311
4,713
7,968
12, 721
14. 301
25, 910
366
340
549
878
17, 051
18, 441
18, 193
9,739
4,311
4,713
8,334
13, 061
14, 850
30. 140
4,353
4,761
5,243
7,362
8,582
10, 653
9,296
8,649
8.373
7,340
567, 896
786, 169
685, 770
934, 254
1, 098, 435
812,817
578, 827
868, 403
719, 347
536, 298
UTAH
3,125
1,589
3,508
1,712
3. 245
1,646
3. 301
1, ,^92
3,135
977
2,901
419
2,923
615
2,902
802
2,842
901
2,810
1,091
279, 069
290, 146
288, 739
199. 849
100, 564
29, 847
98, 744
151,093
173, 666
232, 821
17, 179
20, 363
19.933
11.323
5, 056
1.573
5,387
7, 606
9,358
16, 532
1,952
2,004
1,814
1,055
426
206
741
1,043
1,287
1,750
1,952
2,004
1.814
1,055
426
206
757
1,062
1,331
2,015
913
932
888
1.173
1,516
1,909
1.688
1,550
1,451
1,249
79, 433
79, 898
83, 235
121, 243
139, 229
140, 0.58
90, 107
80,449
79, 437
59, 133
For footnotes, see p. 135.
134
STATISTICS OF INCOME
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, income tax, excess-profits tax and total tax, for
returns with net income and with no net income ' — Continued
[Money figures in thousands of dollars]
Total
num-
ber of
re-
turns 2
Returns with net income '
Returns with no net income '
Year
Num-
ber
Gross
income '
Net
income <
Income
tax 5
Excess-
profits
tax«
Total
tax'
Num-
ber
Gross
income '
Deficit «
VERMONT
1,089
683
1,112
724
1.120
704
1,120
572
1,169
420
1,174
221
1,184
291
1,244
404
1,241
413
1,219
507
153, 168
9,927
1.164
1.164
348
156, 048
10,314
1.038
1,038
342
142, 257
10, 255
963
983
357
99, 924
5,2S7
491
491
492
51.468
1,933
155
155
693
25, 752
1,210
158
158
899
44, 715
2,273
308
5
313
826
65, 284
4,005
551
6
557
767
81,531
4,787
658
19
677
757
111, 188
6,601
815
43
1,007
652
42, 861
42, 212
55,113
52, 244
72, 214
71, 086
48, 924
49,680
53, 377
49, 914
5,571
4,598
9,642
6,215
7,792
10, 090
6.898
4,890
4,733
3,953
VIRGINIA
6.485
3,795
6,785
3,835
7,168
3.837
7,139
3,241
7,071
2,730
6,915
1,490
6, 815
1,930
6,893
2,542
6,876
2,742
6,846
3,282
1,013,815
1, 024, 668
1,016,915
847, 015
631,485
378, 009
502, 610
641,816
697, 714
909, 028
123, 648
118,505
132, 956
110,675
76, 746
36, 692
43, 882
54,682
56. 778
94, 794
15, 770
13, 166
13, 794
12,519
8, 662
4,972
6,060
7,519
7,807
12, 134
113
166
252
16. 770
13, 166
13, 794
12, 519
8,662
4,972
6,173
7,618
7,963
14, 639
2,137
2,337
2,613
3,185
3,661
4,765
4,211
3 794
3,639
3,100
267, 002
245, 296
294, 173
370, 505
375, 118
360, 176
266, 697
230, 031
247, 877
216, 083
22, 631
18, 790
22,o35
44,414
60, 870
62, 779
62, 341
36,450
39, 703
25. 072
WASHINGTON
10, 977
6,366
11,847
5,874
12, 159
5,924
12, 709
4,934
13, 091
3,916
12, 328
1,654
11, 472
2,128
11,467
2.903
11, 666
3,141
11,227
3.894
1, 056, 761
1, 239. 108
1.153.890
671. 962
357, 660
166, 579
293,411
610, 734
639, 526
883, 242
62, 700
75, 391
76, 230
31, 492
17, 608
7,744
12,805
25, 764 1
32. 4491
63.8981
7.222
7,419
6,986
2,6.86
1.397
954
1,768
3, 537
4,462
6,919
55
100
196
253
7,222
7,419
6,986
2,686
1,397
954
1,823
3,637
4,658
7,971
3,748
3,799
4,058
5,306
6,388
8 150
7,206
6,483
6,196
5,319
348, 219
288, 353
397, 561
602, 964
592, 111:
499, 163
401. 664
339,317
313. 667
279, 851
33,997
31,004
31,684
57, 351
83,323
85, 440
50, 907
36, 830
31, 598
25, 072
WEST VIRGINIA
5,239
2,928
6.146
2,773
6.173
2.873
6,101
2,477
4,963
1,900
4,807
962
4.554
1,290
4,662
1,726
4.643
1,870
4,490
2.246
702, 212
656, 932
700. 698
447, 840
228, 123
119,373
223, 741
430, 706
510. 002
640. 222
67, 024
61, 923
59, 047
27, 487
16, 445
7.915
17,919
29, 008
34, 388
53. 126
6,996
5,445
5,757
2,647
1,586
1,039
2,465
3,987
4.728
6,172
32
62
135
294
6,996
6,445
5,757
2,647
1.686
1,039
2.497
4.039
4.863
7,439
1,826
1,910
1,843
2,108
2,608
3,344
2,831
2,525
2,328
1,975
173, 152
170, 774
162, 244
203, 763
277, 974
258, 395
205, 260
187.118
152, 547
150, 628
23, 073
19, 964
17,258
21, 380
38, 950
37, 569
26, 105
16,991
12, 825
9,366
WISCONSIN
14 456
8.567
15, 393
8, 828
15, 836
8,810
16, 009
6.777
16.311
5.199
16, 203
2,806
15, 852
3,422
16.910
4,659
15,916
6,087
15, 793
6,427
2, 232, 947
2.347.121
2, 377, 121
1, .589, 177
859, 406
391,493
718. 626
1, 02.5. 696
1, 273. 028
1. 936. 018
186,
184,
198.
103,
50,
19,
37.
51,
62,
120.
23,118
20, 122
19,928
10, 921
5,100
» 2, 602
5,201
7.042
8,552
14,861
155
154
294
669
23,118
20, 122
19.928
10. 921
5.100
« 2. 602
5.356
7,196
8,846
19, 308
4,172
4,681
6,079
7,234
9,067
11,176
10, 14"
9.17
8,600
7,177
437, 608
408, 788
449, 131
730. 197
904, 477
829, 237
531, 140
614, 934
616.960
463. 980
39. 756
46, 955
47. 430
73. 340
109. 487
149, 785
88, 324
69, 613
64, 133
44. 068
For footnotes, see p. 135.
STATISTICS OF INCOME
135
Table 8. — Corporations, 1927-36, by States and Territories: number of returns,
gross income, net income or deficit, inx^ome tax, excess-profits tax and total tax, for
returns with net income and with no net income ^ — Continued
[Money figures in
tliousands of dollars]
Total
num-
ber of
re-
turns '
Returns with net income •
Returns with no net income*
Year
Num-
ber
Gross
income '
Net
income *
Income
tax«
Excess-
profits
tax «
Total
tax'
Num-
ber
Gross
income '
Deficit *
WYOMING
1927
1928
1929
1930
1931
1932
1933
1934
1935
193fi
1,402
788
1,441
881
1,468
798
1,440
721
1,416
580
1,495
246
1,322
291
1,313
391
1,297
443
1,247
553
57,921!
69, 951 i
60, 881
47, 049
27, 804
9,859
14,800
29, 056
37, 844
48, 187
4,920
5,737
3,976
3,066
1,701
528
590
1,413
1,922
2,757
492
4571
262|
203
91
59
79!
194
264
276
492
457
262
203
91
59
80
200
277
357
413
364
450
492
634
1,039
879
787
715
570
22,990
16,529
20, 787
22, 214
28,814
35, 317
25, 870
24,769
23,007
20, 417
3,856
2,678
3,691
3,991
4,874
6,350
4,715
5,105
1,794
1,829
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 195-200. The classification of returns into those "with net income"
and "'\ith no net income" is based on the amount of income for tax computation. For 1936 the amount
of income for tax computation includes dividend.s received on stock of domestic corporations subject to
tax.ation under Title I of the effective revenue acts (item 12(a), p. 2 of return) and interest received on cer-
tain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of return), and excludes
contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts) and
excess-profits tax (item 28, p. 2 of return).
2 Includes number of returns of inactive corporations.
' For 1927-1931 gross income correspond.s to total income as reported on face of return, plus "cost of goods
sold," and for 1932-1936, gross income corresponds to total income as reported on the return, plus "cost
of goods sold" and "cost of operations." For 1934 and 1935 interest on Liberty bonds, etc., has been de-
ducted from gross income, as this item was not included in gross income for prior years. For 1936, gross
income includes interest received on certain Government obligations which is subject to the excess-profits
tax.
* For 1927-1935, net income or deficit represents the amount for income tax computation. For 1936, net
income or deficit represents the amount for excess-profits tax computation which includes dividends received
on stock of domestic corporations subject to taxation under Title I of the effective revenue acts and interest
received on certain Government obligations subject to excess-profits tax, and excludes contributions or
gifts (limited to 5 percent of net income before deduction of contributions or gifts).
« For 1936. includes income tax reported on returns with fiscal year ended July through November 1936
(and returns with part year which began in 1935); graduated normal tax. and flat normal tax for corpora-
tions excempt from the graduated rates, reported on returns for the calendar year 1936 and for fiscal year
or part year ended in period January through June 1937.
e The excess-profits tax for 19.33 became effective June 30, 1933, under the tax provisions of the National
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excess-
profits tax for 1934 and 1935 appears on returns with no net income for income tax purposes. The credit
for interest received on certain obligations of the United States and its instrumentalities, which is allowed
against net income in the computation of the income tax. is not allowed against net income in the computa-
tion of the excess-profits tax. (See article l(rf), Treasury Decision 4459, "Regulations relating to excess-
profits tax imposed bv section 702 of the Revenue Act of 1934.")
' For 1936. includes surtax on undistributed profits reported on returns for the calendar year 1936 and for
fiscal year or part year ended in period January through June 1937.
8 Revised. Foi revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for 1930,
see Statistics of Income for 1931, pp. 32 and 33; for revised figures for 1932, see Statistics of Income for 1933,
p. 37.
FREQUENCY DISTRIBUTION
OF CORPORATION RETURNS
BY
CERTAIN BASIC CLASSIFICATIONS
137
STATISTICS OF INCOME
139
^ «
>
O
Si
o o
a
"za
g
a «
g"
« o
^"
*i «
§
sa
o §
S
zs
a «
«a
io
g"
§a
2; .a
i
f
8
■::a
o
■i? ®
! a
o
It
^ "
Z.5
s -o
en
o
3 ^
s
o
■ra
0) p
S 5
«
•o
5 a
o
;2"
«
■s *
i 5
CO
03
•3
?
§a
S8
S.
2^.3
t^
A
■ .s
« -c
X
o ®
9 Lh
"^
■::a
3 ^
Z"
s '9
-O =!
§a
gg o
i ^5
•5 S
o
s
za
S
ra
s «
Z''
2 5
JJ c
0) a
5 ^
' S)
i
a: .a
,
o
d «
"za
^
« o
^ <D
§a
03
Z.S
M
an
<!
■::a
„
«
cr
C3
CJ
^
03
O
^
i i i i i ! i ' i i
"1
eo
■ ■ 1 1 1 lMe<5'»t" '
as
CO
W
CO
0
rH ■«< .-ICil 1 -H e^M ! 1
Tf
.H io) -H !,-l«O00C>» i
o»
^ooQCw^^'^'^'^ ; ;
s
OS t^ -^ C^ CO O CD Tj« Ol '
i
«
a
o
^ CO » t~ t- c^ -< j 1 1
§
sssgj;:''^'" ;
2
f^00»OM»O^^ 1 1 1
o
55
Oi ^ ^ »o »o C^ Tj* t 1 1
-H (M t^C^ 1.1
COTf-O-H,-.!^©-* ' '
i
oaot^ooicowcooo-H
COOHOt-PJ — >o —
No receipts..
Under 100
100-250..
250-500.. _
500-750.
750-1,000
1,000-2.500
2,500-5.000.
5,000-10,000
10,000 and ovfir
O
-
1 1 ir-<<0
t^
-^ ; ; j j j i •-" -< ■♦
t>.
j i i i 1 i-H I Ito
»^
•om iCT i-H,-io>oooo
CO.-1-Hf-IJ^C^OOOCO-*
O -H >0 tT «0 •<f « OS -H 'i
CO
g
•<
r-H »0 Tj« X) CO *0 O CO »0 t
{^
O OS CO C^ lO CO -* i-< 1 1
Q
z
<
coot^t-oco-Ht^c^ 1
«-H 00 -^ »0 ■«*• -^ 00 1-t 1
8
o
z
z
lOWCOOC^OOOO • 1 1
00 00 CO -ir -H ^ r< 1 . .
§
O ^ O O t^-'J* r^M 1 1
r-i OS j^ CO CO c« e^ 1 1
i i
-HCO III
S
-!-<-< 1 1 .qi
■O ■»-«'OOcO-<00 CO lo
•OOl^COTOOSl^CO^CO
M-co^coc^ocQicxMe^
CO
No receipts...
Under 100
100-250
250-500
500-750
750-1,000
1,000-2,500
2,500-5,000-
5,000-10,000.. _.
10,000 and over
"3
o
114338—39 10
140
STATISTICS OF INCOME
*j a>
o
a
Z3
g
0 (C
ZB
o
1°
g
«i
R
:z;.s
«B
s
!l"
Q
§s
o
IS.E
o
d CD
'ZB
o
Iz"
ii ©
o
SS
^.a
<r,
A
o
d o)
rs
>o
^"
^
4J OJ
^
gs
o
o o
c
c
'Z.S
e
A
8
c »
•v o
^ aj
§a
o_
^.2
A
,
c
O" o
Is"
*i a)
sa
^.
:z.s
A
a a>
ra
ID O
§6
a>
o8
08
be
^.a
-<
ZB
O) o
1
03
'o
S
O.
CO
o
h
1 .,-1 1 1 1 1 • 105
O
1 1 • , 1 I > 1 <o
' i i i ' 1 i i<N CO
1 > . 1 1 i I lO
(M
1~
1 1 C^ CO ' CO 00 --H F-* OJ
' lo ' -«• C-) e-1 >o JO 05 r^
1 . n (NC<i
o
'< 1 C^ iOcO CO (M Ol kO w
II IC IfD O 02
II -H C-1
g
o>i^ooc^cs>o>ocor-
,-'CCTj't^OCiC^OCO
gg
(MO-. Ot^COIMOMlN-* 1 ■*
1-H CO'
OQCoo"rfco<©^r^cs.-«
COr-icOC^l--CSCD--H
O
CO^OGO'-HX--»OtOCC'-t
CM O 'O cr CM CO ^
r-H -W' CO CC CM 1-i
CO
00 CM CD 00 '<*^ O t^ CO — « '
>or-(M "o >o 00
oocow^-^ooy^cc-^oi ! "^
0:Jt^»o^^,-iOt^00»C 1 t^
■^CCOO»OCO:D^ t^
1 '^"
1
19
133
693
2,266
2,135
1,454
3, 435
1,260
611
522
im'
No receipts
Under 100
100-250
250-.500
500-7.'>0
750-1,000
1,000-2,500
2,500-5,000
5,000-10,000
10,000 and over
c
1 1 I 1 i 1 1 1 loo
00
1 i i I i i 1 1 icB
a,
1 I ; i : I^C^^CO I,-
I i i ,-1 i 1 i tC >0 CO CO
i i 1 1 1 'cO.-l .-ICO
00
1 1 I ,-1 1 1 ■«}< OiO CO
o
-HCOlOOt^OOC^CO^tO
o
■•<*<Tt<C0C01--WOOCl
t- CJ -J C' CO to — 1
CO
-H CO O CO >0 CO Jf~ 00 IM 1 lO
^ -H -H CO 1 C»
(M CO Tj> -* CK -*
CO
*3SS§^SS"" i
IM
--H <D CO *0 Cft -^D i-H 1
CO
CCc005CDr--»OCMCDCDCO
CO-^Jt^u^TfOiCO'-''-'
C3i
<M
—'OOTfCOCO'^Ol^COCO
i
No receipts
Under 100
100-250
250-.500
500-750
750-1.000
1,000-2.500
2,500-5.000 .._.
5.000-10.000
10,000 and over.. -
"a
o
ir'
STATISTICS OF INCOME
141
i i i i i i i i i i
1 I i 1 N
1 ! ! ! 1 ! ! i Icj
i i : i :' i ; i i
M
i i i i i i i i^2
^
-H
i 1 — , :r-l m'^'Ot^
W
— rH 1 loOCC^OO 1 i
CO
Irt i Oi t~ >C U5 M O C-< ■*
t 1 ■ r^ U-: N o
'■ ' 1
«0 CO -^ C^ CO ,-< CC ^ i 1
to
i'^'°SE5§§8'° i i
1/5
Tl-<M(N00M<^lO 1 1 'l05
T-: 0> Oi ^ CO ^ ai '• ' McM
COU5 Tf W< t 1 1 00
i i : 1
' 1
^ xr en t^ >o o >o O) 1^ rf 1 to
1
1
No rereipts
Under 100
100-250..
250-.500
.500-750
7.50-1,000
1,000-2,500
2,.500-5.000
.5,000-10,000....
10,000 and over
"3
o
1 i : 1 1 1 1 1 ;co ' m
N NMN ill 1
: i '; i i ; ; i : i
i i i i i i i j i i
1 ' rt 1 1 ', InCM (C
^
;;;;;;„;;;
; i i ; ; i ; ■"-
Tf
1 i 1 i 1 ill
: ; : : : : ; i
; ; ; ^ i _ o ^s- cm —
00
■ 1^ 1 M Ir- 1 ! 1
■>»■
i 1 _ — _H c^ ^ 1 I 1 05
i — IM IOCS ' i 1 1 1
o
1 1 •,r to 1^ ■«■ ' ' 1 I
s
t ,-H re *c »o ' CO c^ ' '
a>
1 . to 00 00 r^ CO to r^ CM
to
No receipts
Under 100
100-2.50
250-500
.500-750.
750-1,000
1,000-2,500
2,500-5,000 -
.5.000-10.000...
10.000 snd over
o
;;;:;;;;:;
1 . I ... 1 1 ; CO
CO
■ ■ i i 1 1 ' ,-ICM rji
t^
1 1 1 1 1 '• l-^t" ^O
J ', . ;,-! 1 -< 0000 i
i ! ; ; i ;
00
i i i-^ i i'-^jgs
lo
i-H CO rH »0 OS O lO Ol O I
1— t t^C^ 1
CO
1 ■ CM —I Tf
1 1 1
: : 1
C^ Oi 00 0> lO -H »o OI ' 1
CI
"COCOOOO'-^COOO • 'loi
1 >*• 00 OS CO 1 1 03
1 ! 1 1
t^ CO cs o 00 CO 1^ • ■ !
«coi-cc — — 1 t t
s
— 'CCOt^iO-^CO'*** t 1
CO CO ic r^t© 1 I
o»o.-«-rPcot^ooo«:!'* 1 00
^CCTt^Ot^Tf^Tj--^ ,00
— i01CC-^'^CSC^C^t--Tf 1 00
coooiooocO'<j'i:^Tt< 1 OS
1
No receipts
Under 100
10O-2.50.
2.50-500
.500-750
7.50-1,000
1,000-2,500
2,500-5,000....
5,000-10.000
10,000 and over
"3
o
142
STATISTICS OF INCOME
4J H
>
o
o o
•a
a
ea
'Z.B
a 0)
o
(B O
12"
o
sa
o o
s
o
Z.2
,
o
d 0)
ra
io
Z"
<j «
Q
sa
o
Z.H
^
s
a »
'za
o
*J OJ
o
sa
o
o o
z.a
A
,
®
o
a o
s
■::a
1"
a>
w »
CO
2 a
o o
o
o
Z3
e
A
!=;
a <o
■::a
m o
2:"
8
^.a
^
,
a ®
■::a
a) o
SS
§
:z;.e
A
a »
'ZB
|8
§a
ca
be
z.s
a 0)
-<
~a
a5
<s
o
C.
u.
a
o
C-'
i ;
;;;;;;;;;; 1 :
; 1 ; 1 ; 1 1 : : : 1 i
i : ■ i i : i ; : • I :
NNNiNh 1
: ; : : : : 1 ; : ; 1 ;
; ; ; ; 1 : : : : ! 1 :
i ; 1 i : i i : ; il i
ilic^cclm
; i ; 1 : i i i 1
: ; : : I 1 ; ; : ; 1 ;
i i i i ; i i i ; il ;
! ! : 1 1 ; ! : ! ! 1 :
1 Cft
rH 1 ' 1 1 ! C') C^ — 1 '
CO
i '•- i"?5?§S-
a>
; ^ _ _ ci CM CO _ ; ;
2
' 1 — • CO TJ* OO Tt* lO < 1
1 r rH OS ^H , I
2
1 1 _ _ u^ t^ ^ 1 1 ;
S
' • -.O '3< C= CM -" ■« w 1
, 1 •O'CDI-O 1
-■^ — t CM CM r- oi Tf CO ^ 1
o
CO
I ' 00 t^O CO CO oi r^oo u^
II -^ t^ OS (M to C^ CO
2-S7
o c o
2,50-,500
500-750__
750—1,000
1,000-2,500...
2,500-5,000...
5,000-10,000
10,000 and over
13
p
. WCOOOOii-t
' CS ^ t^ CD CO N 1-t
1 1-1 ^ •«*< r* o »«
c^ c^i eo ■* N 05 00
C^ kO ^ C^ — ' 1^
C^T^Tf— «Oi^Tj*OC^
'WcDCCCC'— 'CDX--1^0
CO ^ ■'J^ C^ Tj« ^ .-t (TO
,0 55
o — ;
o B X 5 d o
tr "T A = o =
J, J, o o c o
STATISTICS OF INCOME
143
! 1 1 ; 1 ; ; ; ; ;
1
; : ; i : : i i i"
n
'
1 1 1 1 . . . 1 rt -o
t-
; 1 1 j i i j-* ««
o)
1 1 I l«rt >o 1 1 1
t~-
III 1 (M«
le^m<N — i(M CO -H ' i
■fl"
1 1 1 to 00 lO N 1 1 1
CO
1 M -^f M -* m 'i i 1 1
«
: ;''=;g'"'-° ; i ;
oc
' W t^ •<»■ » -^ 00 -H (M 1
CO
1 1 Tj" 00 o C^ o oo ^ -^
^
No receipts
UDderlOO
ir-250
250-500
500-750
750-1,000
1,000-2,500
'.',500-5,000
6,00f)-10,0a0
10,0(10 and over
O
^ -M C^ Oi CO
00 oo ec o »o -- ■:c
NC^ONOOOCCCSI
,-« Tf* X! -^ to
■ O tr 'X lo c^ -^
.-<»OCOX'-«QO-^^H
■g'
ocio —
QOC ■
oSiii^gggJ
1 rr
N
1 1 1 1 1 1 1 rH PC C^
I 1 1 1 1 1 !
'■O
1 1 1 1 1 1 1 M o >o
^
<N
1 , ', 1 1 -H ij, CO CO N
1 1 1 ■ 1 •-^ 1— »
CO
CO
ilNrtN00tC>OtC— 1 '•
1 w 1
»c
00
^H ^ tC CO 04 OS 05 1 1 1
"5
1 — 5i CO o 11
2
e^h- c^co ^ In 1 1 1
g
' ' = o a- gsco 1 I '
1 1 ^ i^ © ?«^^ " 1 1 '
g
eoooiOO'*)*»ot^t^:oco
C^^C4cDCOOSN^^»O00
^^OOOt^t>-COCO,-i
No receipts
Under 100
100-250
250-500
500-750.
750-1,000...
1,000-2,500
2,500-5,000...
5,00')-10,000
10,000 and over
"cS
c
144
STATISTICS OF INCOME
e J3
.ti c
o
o o
•C
:z;.a
s
g
a a
ZB
-^
Z""
■^ «
g
S|
o o
g
12 .S
A
,
a <D
■::s
:?"
c
o 5
:?.«
A
g
ZB
r-
c
se
o"
^.5
"
A
,
g
0 »
r a
M
^^
a>
*j a
§
§6
8
Z.S
b
i
8
H ffi
» C
§a
fe
^.a
O
ra
*J !B
sa
z;.a
A
C-)
•::a
OJ o
sa
£>
c£
2; .a
M
a <c
<
« o
„
ce
"
^
i-
ce
o
r-i
M
1 1 ! 1 1 1 1 (N i .-1
M
1 ■ — 1 1 1 l«m>--iOJ
1 1 Irt 1 1 1 llM i
CO
I I 1 1 1 I m ffi OS rH
CO
OJ 1 . M tC •* to ■* —1 1
CO
— 1 IMCM C Tt-
CI CO «C 00 CC »-H M rH 1 1
£
1 1-( »0 00 CD »0 Oi ' i '
1 r-l t^ t^ ■«• ijl 1 , 1
; i i !
'
CO CD r- to o c^ CO 1 1 I
'^ -^ CM III
§
rH III
t^05cocooir^iMr^cCT-i
s
,-ll^^»oooo5ccccr^c^»
-HX)QOOOOSt^cOCO^
(M
•^
No receipts.
Under 100
100-250
250-500
500-750
750-1,000 -.
1,000-2,500..
2,500-5,000
5,000-10,000
10,000 and over
o
CMCM(N O^
iC CO t^ i-< Ty
t— rceO05^»oio;D»o>— I
^ <M CO lO ^
1-t i-( 00 OC O »C r-*
CM(N»-ih-CMO(N00
i-( t^ ^ Oi 05 lO C^
o lo gi CO M oo
CS -tt* 5l ^ CO M
(Ni-*00t-(N0Ot^COCC'-'
Tf CO CO C^ '-' (N
cotocat^air^t^i-Hi-HCo
(NcDt^r^OCOOOtOtO
'o'do'§csro2 * H
- lo o »o '-i^i I I o
STATISTICS OF INCOME
145
1 1 1 1 -^
■a"
1 1 1 1 ! ! 1 < !<o
CO
1 1 1 1 1 1 1 1 ICO
CO
1 I 1 1 1 1 1 1 1 t»
t^
1 1 1 1 1 1 1 rt ^Tj<
to
1 1 1 ! 1 1 1 !Mto
Ol
>o
1 1 1 1 1 1 rHCOCO lO
(N
rH 1 rH ^ i CO --J* tJ< CO '
t~
1 l(NlMTl<rtCOO>— 1— 1
■o
C<l kO 1 ^ 1 ''l^ CO ^ ' rH
t-
' t-H 04 t>- lO CO «0 -^ rH ,
05
CO
rH CO ■*■<»< lO rH 0> 1 1 1
1 1 :
o
'< lcoooio>oco 1 1 1
55
■>»<ooio»ioooor-«5co
K
, rH rH ^ M rt CO
g
No receipts
Under 100
100-250
250-500
500-750..
750-1,000....
1,000-2,500.
2,500-5,000...
5,000-10,000...
10,000 and over
i
a
rH -^lOtO N
rHrHt^rHt-05t^^
IMOl(3J«CO00COrH
< rHCO OOOO ICO
■ rHC!CO OOC4
lO U5 b-00 t*
■ OtO rHrHCqoO
1 rH TjlOOCO rH
r-C0OQ0C^0»'*O>rH
■^ 00 ■* c^ ^^
icor^iOcoos-^c^coTt*
irHioeot^'j'e^eo— irH
'OO On
• 'OOO ,
o a
S§So7"?2^
■^^ "? tr rH ci O O O
1 1 rH . j 1 1 1 . CO
■*
1 1 1 1 1 1 1 1 1 C-J
IN
If
"
■ 1 1 1 1 1 1 1 1 r^
t~
1 l' 1 l' l' i rH C^ rH t^
"
' ' i ' 1 1 iM CO ea lo
1 1 1 1 1 1 rH eot^
CM
1 rH 1 rH rH CS »0 CT> t^ rH
IN
I 1 rH 1 IrHOiCO rH-*
II II lO t^ rH
CT>
-*
»0 O CD ■* OO CO t^ CO W 1
rH CSC^ C^t^rH 1
00
OO
i>*T}<C*^rHlOC^05t^C<l
t M -S' CO t^ lO IC
CO O 1^ c^ >o •*< CO 1 1 I
?3CO CO -* C^ (N 1 1 1
CO
CO
IN
rH « T)< o> CO 00 oq -"fi 1 i'
< •
00
05 r^ CO CO CO oi "O • 1 1
00 rH rH -^J^ III
CO
CO O 00 O ■* (N 00 C^ 1 rH
C^COOrH rH CO 1
rH lO CO rH 1
00
00
O-^I^COI^OOrHTtlrHrH
C^C0>OOrHl«rHC-)rHrH
CO
-^Or^rHrHCOCOrHOO
CO 00 ■* CO COCO ^ CO CO
-HCOlOCOOOCOrHrH
CO
IM
CO
No receipts
Under 100
100-250
250-500
500-750 .
750-1,000
1,000-2,500....
2,500-5,000
5,000-10,000
10,000 and over
"3
o
146
STATISTICS OF INCOME
S =
*i »
(S
S^
>
o c
a
Z.S
03
,
C
C IS
i
§
O c
P
12: .S
2
,
o
■::s
in
gb'
-•.^ *
o
§B
o
ZS
i
o
Q to
o
(C p
2^
♦^ «
^i
c
;z.s
K
A
,
3^
o
a ©
■::e
2^
ii>
CS
SE
o
C5.
:z:.a
^
g
c «
"
'Z 2
« o
SB
o.
2.S
i
d ©
sg
^;.S
^
d CD
■::a
<p p
SE
©
oS
be
2.E
tx
bt'
■<
'HE
^
a>
«
c
^
c.
^
ce
o
Eh
m
cc
CO
ec
"
; " -" 2 S'
■' 1 ^ CM n
, ^. ^-^
=o
^^ — CCfOfC^C^
(35
; ;
to CC' ^ «
t^
•^
1 .- M CM .<»- . i i
"
- i-"=E5"
■^
CM ■*! octoc^
CM
CM
(N CO h- tH po .
i \^
CC CC ^ ^ C: -^ "t CC ,-< IC 00
— 1 ..- >o
CO'^'^Ol'^OSCCCC TT
100-250
250-500
,500-750
750-1.000...
OO c
ooc
o«o c
>
c
•c
c
a
c
o
c
"c?
1 1 ' l' ! -H C-I -H
•*
> , . 1 r.- ,— tc Oi
tc
. « ..H i CC' CC CO ■<**
CM
.— C^ .— CS »C ■<*' O CC "< 1
j
1
CMCMOlOOOCt^OiCS^
*o CC -H
2
— Cl: O: OC — XT 0-.
j 1
«
■<}■ tc C C» 00 « .' '
.- "^ CM CC 11
2
"SSSS" .'-^ i i
Oi
fo ^ cc o cc »c ec -H 1
CM OC «C CM CS 1
CC «^ CM ^ ,.^
00
utoa5ooot^',**T^»o
C<500tDCMiOC^r-i
1
O
o
■c
a
0
100-2.50
250-500
500-750
750-1,000
1,000-2,500 -
2.500-5.000
< u
! >
o o
11
X°
OO
"3
c
STATISTICS OF lis COME
147
I ! — 1 1 1 J 1 I.-1 CO
lO
!rt 1 ! 1 1 l^rt<N
■o
rt 1 ; rt ^ r- c< In i
CO
1 1 1 1 I 1 liO-*CC
c»
CO
S5??22°^";='^ ; i
N
00
s
'-ssKSgs?^:- i ; K
SBSSSS^^'^'' 1
t^ iri 03 ^ CO w o N c^ ic to
-H 00 c: ■* o w m CO -H oo
•^ — — —> to
No receipts
Under 100
100-250 -
250-500 -
500-750
750-1,000....
1,000-2,500 -
2,500-5,000
5,000-10,000....
-" CO r» ,-1
iMtcto-^or^tOTii
.-<IM(Nt^O^COwr-U3
,-1 f-l tc t~ to N
NCO-^OitOOOTfO'*
■-I rt ,-1 rt cq ,-1
,-itoc;ooto«~»cototo*-i
CM C^ IN 00 C^
t^0'^ai,-it*a50scoc«
M 00 rC O Tj< i-H C-)
,-i,-ioO'*C5C^i-ioaic<i
t-l OiO> CM ,-t
00C^00OJt~(NOt~--H
CM ^ 00 CO CO •*
O C-1 t^ to O: O: »0
tOOOOCO^r-),-,-^
CM OC OC ■<»> CM C-)
ot^,— CMCi»o^Hr^iOoo
0CC0CMCCt^»C^-tO'^»O
ooi— "lot^tor^-^wocMoo
CMC^t^OC»-l»Cr-iCOOCO
lCiCCOCM,-<CO'^^»-'
B.§
^ o ^
ociooo§g§S
C^rH^ OJ
^ CO CS OS C^ 1-t CO
'^»OOS00
< MiO-*** ir3
r-(C^OSO'^--«T(«f0005
^CCCCOt001»0C0
50^01^tCcOOOTj<
» lO Ci -^ CO Ol lO r-t
(M oc 00 !i: o i-H
OCOCSCCOl'-C'O'^fCCO
.-HccOi-HOiiMoOTj'eo
o a
'OOOt-i
, ooo§cm">oS "^
; ic o »o ^1 I I o
O "O o >o '^^ ".^o
,-HCMkCt^f-HC^»Ci-<
148
STATISTICS OF INCOME
U4
>
o o
T3
;z;.2
s
g
a a>
<^_
■::a
s
|8
g
sa
s
^.a
,
ra
® o
s
:z;"
Q
§a
o"
^.a
A
o
a a
o
:?"
o
sa
c.
^.a
eg
A
,
o
a (p
"3
lo
ra
CD
;!"
*j ®
C3
§a
o
o
o o
e
^:.a
o
•::a
a o
sa
g
:z;.a
A
,
o
d CJ
ra
|8
M CD
sa
8
'Z.B
A
M
a a>
O) O
■^ ®
a)
o o
C3
:2;.a
bo
<1
«a
« o
W
S
■2
p.
ca
o
H
c->
N
1 1 1 1 1 1 i «•! 1 1
r*
1 1 1 1 1 1 1 1 llM
• ; i '; i 1 i i ;
C<1
CO (M C^ 1 «D t* t^ »-< '^J* C^ 1 rp
,^ It-, ir-iOCO-^t^ CO
III C^
1 i ! 1
111 1
« CO rH C) ' '
,_! iMCOOOOlO'^r-lC^l
00
M t~ CO IM O C-) CO -H 1
C-) .* o •
o
to
C<5COOO":»<C^002t^OCO
.-|.0<COC-l>OCOtOCO.-(
OD CO O O OS CO :0 1 t 1
coos t- "O rt 1 1 .
00 O) 111
g
t^ CO .<a^ CO I^ 05 CO O ^ 1
— 1 in (M CO C^ CO rt 1
2
CO
coco O O lO lO lO C^ 1 '
«3 C4 CO -»< 1-1 11
CO
O 00 r-H 1^ CO Oi ■'Jl lO ^ 1
i-H r-1 >0 in >« O) IM 1
tn (M r-t 1
o
.»JiQ005.-l05COCOC010.^
r-l O 05 CO f-l
co"
00
^COCO.-lC01^0--it~T)<
COI^.^'-liOOiiOCOf-lr-H
t> W* rt t-1
00
No receipts -.
Under 100
100-250
250-500-
500-750
750-1,000 - -
1,000-2,500...
2,500-5,000
5,000-10,000
10,000 and over
o
o
■z
m
d
s
pq
I
o
<
'z.
iC^->\t^ i~i ^
■^C^OSriOiiOOtOWOO
CO CO 00 ^ ^ c^*
t-- -^ t-- CO r- CO
w:i o ■-< .-Hco
cocoior-t>-^DTt«ioai.-<
t-t CD I>- 1-H
■<** O CO -* .-<
lOCM^OOiOOOOCOCO
or»coOib-OicOi— 1-^,— I
CJiOO5'rJi-«3Hl-^C0':
OJ as QO r-( Tf c^i -^
00 »0 — « C^» .-H CD -O
(M oi as -^j* oj
cj ai c^» cs .-»
i (M ai -^ CM (M <-l
Ort< nH )M
wO'M0s(MO»0O'«J<e0
C0'M'^»O(Ni-tC'1r-(
OC-dOir-Ht^GOait^''^
c)coc^'*oiC(riiO'«i^co
lO CD ■^ C-1 r-l 1-1
3 »oo
I I oooo
O O o .« o „-
'r.HC^lOt^,-lCllO»-l
STATISTICS OF INCOME
149
« i 1 1 ; ! 1 i 1 1
«
(M
M
r- i-H ■ 1
00
1
^
cj 1 ! 1 I 1 t 1 1 1
(M
^ i" i i i i ! i i
"
50 11''
to
No receipts
tinder 100...
100-250
250-500
POO-750....
750-1,000
1,000-2,500
2,500-5,000...
5,000-10,000..
o
S B1
a 5^
li g M
o) S g
5 «-2
■ te-S
oTsS
S_ O
.Sf-'O
p.r a
"CO
6 e d
O C =3 S 0
ofell
"c^^
® !?
•^^ u cfl V w a>
r^ *^ X CO c +J
03 O *j ^ C £
ci o w a> *-< P
S2.2sag«
O w r-'C O "l- C
■♦t* T? t> frt rj J3 ,^
^ 0^ ^ ^ d+j ^
c > - S °^ o .te
•^ ^ +i t3 ■-« - ;=
*^ M c3 3 » H
0) « n " © - m
E^' d to »- —
T3 C d » ,
c 3 oj oja t:
« ■- O ^ g >- „
gSd-C-d-cS
."^ ^ I 8 I d"^
:: a Q ^ ^^ ^
<w S o d J- d cs
o5 S'C c o °
.2 §£•§§! a
£.ofl„, ^-gg
d » P^ -w
Cv, « 10
■^ .2 ■£ 1 .
■2gJt
=S^2gSE|
|^.£ oJg_2
.225 ■"
150
STATISTICS OF INCOME
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups
[Net income or deficit classes and total receipts classes in thousands of dollars]
[I'^r text defining certain items and describing returns included, see pp. 1-8, 38-45]
Net income or deficit
classes i
No re-
ceipts
Total receipts classes >
Under
100
100-2.50
250-500 500-750
750-
1,000
1.000-
2,500
2.500-
5,000
5,000-
10,000
AGRICULTURE AND RELATED INDUSTRIES— RETURNS WITH NET TNrOME '
Under 1
46
37
32
21
19
66
55
34
31
103
73
55
19
12
4
1
t
1
4
6"
4
4
1
5
1
3
30
23
?6
9
12
34
23
11
14
29
15
4
8
8
11
3
3
17
10
14
12
43
17
3
2
4
1-2
2-3
3
5
4
S
3
1
9
13
13
1
3-4
4-5
5-10
1
3
1
1
0
10-15
15-20
20-25
2
5
9
7
2
1
3
2
fi
1
25-50
8
11
14
11
6
1
3
4
1
5
2
50-100
2
1
1
2
100-2,50
250-500
500-1.000..
1,000-5,000
5,000 and over... ..
1
Total
608
39
220
157
70
29
13
55
16
8
1
AGRICULTURE AND RELATED INDUSTRIES— RETURNS WITH
NO NET INCOME i
MINING AND QUARRYING— RETURNS WITH NET INCOME i
Under 1...
113
68
38
45
34
114
70
47
34
81
38
13
5
2
1
21
10
8
3
18
12
5
3
10
2
69
39
26
32
22
76
39
33
20
43
11
0
2
2
1
12
13
4
3
15
12
3
4
13
8
1
5
3
1
2
3
4
4
5
6
4
1
1
2
2
1
3
T
2
1-2
2-3
3-4 -.
1
4-5.. ... -
6-10
2
3
2
10-15
15-20
20-25
1
1
3
2
1
25-50 ...
50-100
1
2
1
100-250
250-500
1
500-1,000
1,000-5,000
5,000 and over
Total
703
106
424
90
41
21
7
10
4
Under 1
86
53
31
34
30
127
97
81
05
223
185
189
62
49
35
7
15
1
1
2
1
8
3
3
1
4
1
1
53
34
22
22
14
49
41
29
22
54
17
2
1
6
5
3
7
31
19
19
22
56
45
5
9
1
5
4
19
12
15
8
53
51
40
3
4
1
2
--
9
9
3
6
21
28
31
2
1
1
1-2 . .
2-3
3-4
1
6
6
1
12
20
25
6
2
1
1
4
4
4
4
18
41
31
24
3
4-5
1
5-10 . .
10-15 - .
3
2
1
1
5
13
10
11
5
15-20
20-25
25-50
50-100
100-250
1
3
9
8
1
250-500
500-1 ,000
i
1,000-5,000 .
2
17
5,000 and over
7
.
Total
1,354
45
360
247
233
123
89
157
53
21
26
For footnotes, see p. 166.
STATISTICS OF INCOME
151
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollarsl
Net income or deficit
classes i
Aggre-
gate
No re-
ceipts
Total receipts classes'
Under
100
100-250
250-500
750-
1.000
1.000-
2,500
2,500-
5,000
5,000-
10.000
MINING AND QUARRYING— RETURNS WITH NO NET INCOME i
TOTAL MANUFACTURING— RETURNS WITH NET INCOME '
Under 1...
1-2
286
111
80
55
41
195
1.30
72
75
209
156
111
37
16
6
121
31
20
5
SO
19
7
2
9
11
1
1
119
59
39
35
18
104
64
32
39
81
47
22
4
1
9
10
13
4
9
24
21
10
14
46
30
12
2
14
6
6
1
4
17
17
7
12
27
26
18
4
1
9
i"
3-
8
1
3
3
12
15
12
2
1
5
2
1
2
1
2
2
2
5
I,
8
1
1
6
2
2
1
1
2-3
3-4
2
6
9
2
12
15
20
14
3
1
4-5
1
1
5-10
10-15
15-20
2
1
5
4
7
2
4
20-25
25-50
4
i'
3
1
50-100
1
100-250
250-500
500-1,000 .
4
3
1 ,000-5,000
5
Total
1, 580
285
664
204
160
70
43
101
30
in
13
Under 1
276
203
196
183
164
778
750
615
584
2,278
2,320
2,159
944
535
451
92
2
2
1
--
1
1
1
6
_-
20
8
9
9
2
32
17
8
9
11
5
3
75
32
38
26
33
116
78
65
48
123
46
12
1
88
66
54
61
51
272
260
190
170
605
352
87
8
2
44
42
46
39
32
131
155
150
147
582
544
205
16
2
19
24
14
21
22
73
87
76
69
327
404
277
39
2
25
24
29
24
21
135
128
110
116
514
791
1,107
343
60
8
1
4
5
2
1
9
20
15
22
88
139
349
365
186
54
1
1
1-2
1
2-3
3-4
1
1
5
3
4-5.
1
5-10
1
10-15.
1
15-20
20-25
20
30
98
130
189
130
1
25-50-
2
60-100
9
100-250
21
250-500
41
500-1,000 . ..
94
1,000-5,000
259
5,000 and over
91
Total
12, 528
19
133
693
2,266
2.135
1,454
3,435
1,260
611
522
TOTAL MANUFACTURING— RETURNS WITH NO NET INCOME 1
Under 1
353
244
178
165
164
488
349
254
189
606
384
256
90
30
25
12
11
5
3
2
12
12
4
4
19
5
..
1
47
27
27
2&
17
67
63
46
23
77
33
14
3
1
80
48
39
37
39
108
59
39
44
91
45
22
3
75
59
41
45
53
121
87
53
46
128
67
35
3
62
36
28
22
19
73
43
35
21
80
49
36
1
4
1
25
24
12
11
13
34
30
28
14
50
44
22
3
48
30
21
15
18
63
38
40
28
109
95
63
30
5
3
1
5
4
2
2
6
16
8
4
34
24
36
18
7
6
3
11
12
19
19
5
3
2
1-2
2-3
1
3-4
1
4-5.. _
5-10
1
10-15
15-20
20-25
2
25-50
r
50-100
8
100-250
4
250-500.
10
500-1,000
7
1,000-5,000
1
1
9
655
Total
3,775
98
473
814
510
310
606
173
84
52
For footnotes, see p. 166.
152
STATISTICS OF INCOME
Table 10. — Corporations, 19S6: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes i
Appre-
eate
No re-
ceipts
Total receipts classes 2
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,090
5,000-
10.000
10,000
and
over
MANUFACTURING: FOOD AND KINDRED PRODUCTS-RETURNS
WITH NET INCOME i
Under 1
42
36
33
26
17
121
116
77
84
292
288
213
85
47
45
13
1,535
3
4
4
1
5
4
6
5
27
31
13
18
45
18
5
2
11
6
6
4
19
17
22
14
62
46
10
2
3
4
4
3
5
10
17
8
8
42
33
15
2
11
12
9
8
3
32
29
18
21
96
130
80
18
3
1
2
3
1
1
1-2
2-3
1
2
1
3-4
4-5...
5-10
5
3
2
1
19
11
9
9
20
8
2
5
6
5
11
30
36
63
29
12
3
3
1
1
10-15
1
15-20
20-25
2
7
11
27
16
13
3
25-50
50-100
1
5
100-250
11
250-500
16
600-1.000 -.
19
1,000-5,000 .
39
6,000 and over
13
Total .-
1
18
94
186
216
154
470
207
83
106
MANUFACTURING: FOOD AND KINDRED PRODUCTS— RETURNS
WITH NO NET INCOME 1
Under 1
41
28
15
17
18
70
38
35
26
62
45
25
7
1
1
..
6
3
1
3
2
1
3
3
14
6
2
4
6
4
1
1
8
4
7
3
13
6
10
3
2
1
1
1
2
3
14
4
9
4
5
6
1
5
6
1
3
2
5
6
5
3
2
5
2
12
3
6
4
14
5
5
3
16
12
4
2
1-2
2
2
2-3
1
3-4
1
4-5
1
i"
2
1
7
4
6
1
6
1
1
5-10
10-15
1
5
1
2
10
8
7
2
16-20
1
2
3
2
5
1
20-25
25-60
4
50-100
2
100-250
250-500
2
2
500-1,000
1
1,000-5,000
1
6,000 and over
Total
429
6
36
49
76
57
45
92
36
19
13
MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—
RETURNS WITH NET INCOME i
Under 1
10
9
6
7
fi
28
15
13
21
72
91
126
57
36
24
3
4
3
2
1
3
7
1
1
5
3
2
2
3
2
3
1
1
1
1
2
--
1-2
2-3
2
2
1
2
4
3
4
19
31
66
22
9
3-4
4-6 . -.
1
2
1
1
1
6-10 .
1
2
12
2
3
3
17
13
8
2
2
6
2
10
14
16
17
3
2
3"
I
22
13
10
10-15
15-20
20-25
J
.
2.5-50
2
5
17
16
11
6
1
1
2
4
13
6
1
50-100
100-2,50
1
2.50-500
500-1,000
3
1,000-5,000
12
6,000 and over
3
27
Total
526
1
4
39
67
76
65
165
62
21
For footnotes, see p. 166.
STATISTICS OF INCOME
153
Table 10. — Corporations, 1936: frequency distribution of return with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes i
Aggre-
gate
No re-
ceipts
Total receipts classes >
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5,000-
10.000
10,000
and
over
MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—
RETURNS WITH NO NET INCOME i
Under 1
16
7
13
8
11
14
24
16
11
33
13
22
1
1
1
1
2
1
3
2
4
2
2
4
4
4
2
4
6
3
1
3
2
..
2
3
8
1
8
9
3
4
1
3
1
3
3-
1
2
5
2
3
2'
2
1
1
1-2.
2-3
2
1
i'
2
1
1
3
1
6
3-4
4-5-.
1
5-10
10-15
1
1
2
1
1
2
9
2
5'
._
1
1
1
15-20
20-25
25-50
2
50-100
100-250
4
1
250-.500
500-1,000
1,000-5,000
5,000 and over
Total
189
11
26
36
40
28
18
19
10
1
MANUFACTURING: TOBACCO PRODUCTS— RETURNS WITH NET INCOME i
Under 1
2
1
1
4
1
6
4
1
1
1
1
1-2-.
2-3
1
1
3-4
1
1
1
i"
1
4-5
5-10
2
1
2
1
2
1
1
10-15..
15-20
20-25
25-50
11
3
9
6
7
7
4
1
1
2
3
4
1
2
6
1
50-100
100-250.
1
2
1
3
250-500
2
3
2
2
500-1,000
1
1,000-5,000
5
5,000 and over
4
Total
67
6
8
8
7
13
6
7
12
MANUFACTURING: TOBACCO "PRODUCTS— RETURNS WITH NO NET INCOME'
Under 1...
.
1-2
2
1
1
2-3
3-4
2
1
1
1
1
4-5
1
5-10
2
1
3
10-15 _.--
15-20
20-25
25-50
6
1
1
3
1
50-100
100-250
2
1
1
250-500
.500-1,000
1,000-5.000
5,000 and over
Total ._
19
1
3
5
5
3
2
For footnotes, see d. 166.
154
STATISTICS OF INCOME
Table 10. — Corporations, 1936: jreqaency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
PVet income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
cla,sses '
Aggre-
gate
No re-
ceipts
Total receipts classes '
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
iSOO
2,500-
5,000
5,000-
10,000
10,000
and
over
MANUFACTURING: TEXTILE MILL PRODUCTS— RETURNS WITH
NET INCOME '
Under 1 .
38
17
22
18
27
89
90
78
75
287
270
229
72
55
29
2
3
1
6
1
4
1
2
5
3
3
4
18
I
4
8
22
18
13
16
56
18
7
3
R
4
24
26
19
20
69
60
9
1
3
1
3
6
11
14
17
11
53
47
20
2
3
3
4
4
6
22
21
22
21
94
116
126
18
2
1-2
1
1
2-3
3-4
4-5 -.
i"
4
4
3
9
20
58
26
14
1
1
1
5-10 - -
3
10-15
15-20
20-25 -.-
i
1
j-
25^50
1
6
16
20
26
7
50-100 _. -
2
100-250
250-500
1
5
500-1 000
14
1,000-5,000
21
6 000 and over
2
Total
1,398
1
9
36
184
254
189
462
142
77
44
MANUFACTURING: TEXTILE MILL PRODUCTS— RETURNS WITH
NO NET INCOME '
Under 1
33
30
26
16
18
58
35
30
19
92
61
43
22
3
2
1
1
1
3
3
..
1
2
1
1
3
4
1
2
1
11
5
2
1
7
3
2
2
1
5
3
6'
5
3
4
9
6
6
6
4
16
9
8
1
19
16
5
7
6
3
1
6
4
4
15
5
7
1
1
5
2
2
4
7
--
2
11
5
2
1
7
6
5
2
5
14
9
9
4
16
21
13
5
1
1
1-2 . .
2-3
3
3-4
4-5
5-10
3
3
2
10-15.
1
15-20
20-25
1
25-50 ---
50-100
9
5
5
2
1
3
1
3
8
2
100-250
250-500
-
500-1 ,000
1 000-5 000
5,000 and over
Total
488
10
36
41
104
73
47
118
40
16
4
MANUFACTURING:
CLOTHING AND APPAREL-
NET INCOME 1
RETURNS WITH
Under 1
10
9
15
20
15
40
48
38
36
113
89
67
21
9
, 5
2
2
1
3
2
3
8
10
7
4
6
1
1
3
6
5
6
8
10
7
3
14
1
2
4
1
7
3
5
8
12
8
28
13
1
1
3
1
6
4
4
19
16
12
17
53
51
35
2
1
1-2
2-3
3-4
1
1
4-5
6-10
10-15
3
1
16-20 .
20-25
1
3
11
15
22
5
1
25-60
1
1
8
11
5
1
60-100
1
100-250
250-500 . -
2
500-1 000
2
1,000-5,000
4
5,000 and over . .
Total
535
8
47
70
93
223
69
27
8
For footnotes, see p. 166.
STATISTICS OF INCOME
155
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes >
Aggre-
gate
No re-
ceipts
Total receipts classes 2
Under
100
250-501.
750-
1,000
1,000-
2,500
2,500-
5,000
5.000-
10.000
10,000
and
over
MANUFACTURING: CLOTHING AND APPAREL— RETURNS WITH
NO NET INCOME ■
Under 1
7
C
6
3
2
5
6
6
2
9
6
1
1
2
--
4
2
2
1
1-2
1
1
j-
1
2-3
1
3-4
1
4-5 .-.
i
1
1
2
2
5-10
1
1
1
1
1
2
2
3
1
3
3
10-15
15-20
20-25
1
25-50
1
2
2
2
1
1
50-100
100-250
1
250-500
500-1,000
1,000-5,000
1
1
5,000 and over .. .
Total...
60
1
1
2
12
7
9
24
3
1
MANUFACTURING: LEATHER AND ITS MANUFACTURES— RETURNS WITH NET
INCOME 1
Under 1
5
7
3
6
8
29
24
24
17
60
6S
47
24
8
4
1
4
2
2
3
8
6
4
3
13
9
2
1
1
1
4
3
3
4
12
8
2
1
2
1-2 ... ..
1
2-3
3-4
2
2
4
2
8
3
1
2
6
7
9
6
23
37
25
1
4-5 .
5-10
2
2
1
2
10-15 .
15-20
2
2
3
9
14
15
2
20-25
25-50
1
50-100
2
6
6
2
1
100-250
250-500
2
500-1,000
i
1,000-5,000
3
5.000 and over
1
Total -
335
2
6
36
56
41
120
47
17
10
MANUFACTURING: LEATHER AND ITS MANUFACTURES— RETURNS WITH NO
NET INCOME '
Under 1
16
10
3
4
5
8
9
5
13
13
11
2
4
2
4
4
6
1
1
1
1-2
1
1
1
2-3
1
1
--
3-4
2
2
2
2
2
3
3
2
1
4-5 .
1
1
1
1
2
1
5-10
..
3
3
2
3
6
6
2
10-15 ....
15-20 -- .
1
20-25
1
--
5
3"
1
25-50 -
1
2"
50-100
1
100-250 -
1
250-500. -
500-1,000
1,000-5,000
1
1
5.000 and over
105
2
4
21
5
2
Total
4
19
14
34
For footnotes, see p. 166.
156
STATISTICS (
Table 10. — Corporations, 1936: frequern
sheets showing total assets of $250,000 c
cross classified by total receipts classes, i
net income and by major industrial grou]
dd
returns with balance
acome or deficit classes,
net income and with no
[Net income or deficit classes and total
ret
.jes
in thousands of dollars]
Aggre-
gate
No re-
ceipts
Total receipts clabses 2
Net income or deficit
classes 1
TJtjder
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5,000-
10,000
10,000
and
over
MANUFACTURING: RUBBER PRODUCTS- RETURNS WITH NET INCOME 1
Under 1
2
1
1
1-2
2 3
2
3
1
6
4
7
6
18
31
29
20
9
7
2
1
3-
1
i'
2
2
2
5
1
1
3-4
4-5
5-10
2
2
1
4
1
10
8
3
1
--
2
5
2
1
i
2
1
1
2
12
16
4
10-15
15-20
20-25
1
25-50
1
1
4
9
3
1
50-100
100-250
3
3
2
2
250 500
3
500-1,000
1 000 5 000
4
5
5,000-and over
2
Total
147
4
18
30
12
40
18
11
14
MANUFACTURING: RUBBER PRODUCTS- RETURNS WITH NO NET INCOME '
Under 1
6
2
2
1
1
5
6
3
2
4
3
3
1
2
2
1
2
1 2
1
2
2-3
3-4
1
1
4-5
5-10
1
2
1
2
1
1
10-15
2
2
15-20
2
20-25
1
i
25-50
2
1
1
1
50-100
1
--
1
100 250
250-500
1
500-1,000
1 000-5 000
5 000 and over
2
Total
39
5
7
4
6
6
8
1
MANUFACTURING: FOREST PRODUCTS- RETURNS WITH NET INCOME i
Under 1
33
18
26
19
12
86
65
56
49
211
153
109
33
9
4
1
S84
1
1
13
3
6
5
4
10
3
3
2
7
1
15
8
13
8
7
33
38
26
17
75
19
2
1
4
4
2
.......
12
17
19
63
41
10
1
1
2
2
1
10
5
5
5
29
;i6
15
3
1
1-2
1
2
2
2-3
1
3-4
4-5
5-10 - -
2
1
7
11
6
5
4
32
48
60
10
3
10-15
15-20
20-25
2
2
2
1
25-50
2
5
19
13
1
1
r
2
6
4
1
1
50-100 ..
100-250
250-500
500-1 000
1 000-5 000
2
I
TotaL...
6
13
57
261
188
115
184
42
14
4
For footnotes, see p. 166.
OF INCOME
157
Table 10. — Corpora-
sheets showing totav
cross classified by tot.
net income and by viajo,
/^ency distribution of returns with balance
^W and over by net income or deficit classes,
■i,es, by returns with net income and with no
;^j:oups — Continued
[Net income or deficit cl
".,
. .tal
J'
receipts classes
in thousands of dollars]
Aggre-
gate
No re-
ceipts
Total receipts classes '
Ket income or deficit
classes '
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5,000-
10,000
10,000
and
over
MANUFACTURING: FOREST PRODUCTS— RETURNS WITH NO NET INCOME »
Under 1
47
26
26
17
19
54
56
29
26
72
45
26
8
6
1
2
.-
3-
2
1
1
4
9
5
5
3
2
7
15
1
9
11
4
4
14
7
10
6
8
16
11
6
5
16
7
5
1
13
8
6
2
14
12
9
3
18
14
4
1
5
2
2
1
2
8
2
4
2
6
5
2
2
--
2
3
2
2
2
1-2 _.
2-3
3-4
4-5
5-10
2
6
4
1
7
5
1
4
6
3
4
9
9
5
2
2
10-15
2
1
i"
2
3
2
15-20 . .
20-25
1
1
25-50
50-100
100-250
2
1
250-500
500-1,000
1
1
1,000-5,000
5,000 and over
457
111
41
Total
17
76
112
31
53
11
8
MANUFACTURING: PAPER, PULP, AND PRODUCTS— RETURNS WITH NET* INCOME*
Under 1
7
6
9
8
4
27
45
22
31
86
107
120
52
26
21
1
572
1
1
3
2
3
3
1
10
12
7
6
23
12
4
1
3
1
3
5-
15
5
14
24
26
9
1
1
3
1
1
3
9
5
5
12
25
12
1
1-2
2-3
2
3-4
1
4-5
2
3
1
5-10
6
4
5
5
24
41
73
11
2
10-15
1
2
1
15-20
20-25
1
1
1
25-50 ...
1
1
1
16
32
6
3
50-100..
1
4
8
14
7
100-250
3
2'i0-500
500-1,000
4
1,000-5,000
11
5,000 and over
1
2
1
12
86
61
35
Total
106
79
172
18
MANUFACTURING: PAPER, PULP, AND PRODUCTS- RETURNS WITH NO NET
INCOME J
Under 1
8
6
7
7
17
18
12
9
8
28
21
12
4
3
2
3
1
1
--
3
2
1
1
4
1
3
--
3
7
7
3
--
8
2
1
1
2
1
1
3
3
1
2
3
4
2
2
2
1
2
1
3
2
2
1
2
2
1
4
3
1
1
1-2
1
1
1
_.
1
2-3
3-4
4-5 .
1
5-10
10-15
2
4
15-20
20-25
25-50
2
6
11
4
1
2
3"
50-100
1
100-250
1
250-500
3
1
1
500-1,000
3
1,000-5,000
1
5,000 and over
162
Total...
3
10
19
38
24
15
37
7
6
3
For footnotes, see p. 166.
114338—39 11
158
STATISTICS OF INCOME
Table 10.- — Corporations, 19S6: frequency distrihidion of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with netin come and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes '
lAggre-
eate
No re-
ceipts
Total receipts classes 2
Under
100
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5.000
5,000-
10,000
10,000
and
over
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES— RETURNS
WITH NET INCOME i
Under 1
22
16
8
11
12
55
73
51
28
189
195
156
64
32
27
3
7
3
i
2
11
13
7
5
26
6
4
8
6
2
5
5
27
35
21
11
78
66
15
1
4
2
3
3
2
7
12
12
7
48
55
24
i'
2
1
1
1
3
1
1-2
.,_..--
1
1
2
1
2
2
2
2-3 -
3-4
4-5 ---
2
3
5
5
3
13
29
32
3
5-10
4
6
4
2
17
33
69
27
2
4
10-15
15-20
20-25
25-50
1
5
6
10
25
13
4
1
50-100 -.
100-250
2
8
12
14
250-500 -.
500-1,000
4
1,000-5 000
5
5,000 and over
3
Total
942
1
12
85
280
180
99
173
63
37
12
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES— RETURNS
WITH NO NET INCOME i
Under 1
31
26
9
13
11
30
23
12
7
29
16
14
10
2
1
2
2
2
9
10
5
4
4
8
5
7
9
2
9
1
1
1
8
6
3
2
1
2
4
2
1
1-2
2-3
3-4
3
2
12
6
2
1
6
2
4-5
2
1
3
1
2
1
1
3
4
5
3
5
5-10
4
6
3
2
9
2
3
-.
3
1
1
2
3
1
10-15
15-20 -
20-25 .-
25-50 . .
50-100
1
.-
1
2
2
1
1
i
1
1
1
100-250
250-500 - . -
500-1,000
1.000-5,000
5,000 and over
Total
234
7
9
53
56
49
17
32
7
3
1
MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS— RETURNS WITH NET
INCOME 1
Under 1 . . ..
25
9
19
4
10
46
41
39
39
183
163
172
91
62
62
10
6
7
3
5
1
2
7
5
7
5
13
5
2
4
4
4
2
5
15
13
14
15
50
31
18
1
1
3
2
5
2
3
1-2
2-3 ---
2
1
3
3-4
4-5
1
5
11
7
10
61
49
21
3
1
--
4
3
3
20
23
36
9
1
2
8
6
4
3
29
47
80
40
11
1
5-10
1
5
2
3
2
4
10-15
1,5-20 ..
20-25
25-50
5
7
11
28
22
8
1
1
4
8
19
18
50-100
100-250
25O-,500 --
1
1
500-1,000
7
1,000-5.000
35
5,000 and over
10
Total
975
3
25
62
177
179
107
237
81
51
63
For footnotes, see p. 166.
STATISTICS OF INCOME
159
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net inccme or deficit
classes '
Aggre-
gate
No re-
ceipts
Total receipts classes '
Under
100
100-250
500-750
-r.o-
1,000
1.000-
2,500
2,500-
5,000
5.000-
10,000
10,000
and
over
MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS— RETURNS WITH NO NET
INCOME 1
Under l
26
10
7
9
15
22
19
16
10
30
• 12
13
3
2
1
--
6
2
2
3
4
6
4
6
1
7
7
2
_.
2
2
4
2
8
2
1
6
3
3
1
4
4
3
1
4
6
2
3
1
1
3
2
2
3
4
._
1
..
1
1
6
1
2
3
2
2
2
1
1
1-2
2-3
3-4
4-5
2
2
1
5-10
10-15
15-20
20-25
1
4
5
4
3
25-50
3
1
2
2
50-100 .-, .
100-250
1
250-500
500-1,000 ..
1
1
1,000-5,000
1
5,000 and over ^.
Total
195
2
41
38
37
22
18
27
3
6
1
MANUFACTURING: PETROLEUM AND OTHER MINERAL OIL PRODUCTS— RETURNS
WITH NET INCOME i
Under 1
1-2
1
1
5
1
6
2
10
5
21
26
40
13
16
15
11
1
2-3
1
3-4
1
1
3
4-5
1
1
5-10
1
1
1
3
1
6
3
7
9
12
3
1
10-15
15-20_.
1
2
2
3
4
2
1
20-25
25-50
2
2
2
7
3
3
1
3
4
3
10
5
3
1
1
6
3
6
1
50-100
100-250
2
250-500
2
500-1,000
6
1,000-5,000
14
5,000 and over
11
Total — -
173
1
7
17
14
9
46
26
18
35
MANUFACTURING: PETROLEUM AND OTHER MINERAL OIL PRODUCTS— RETURNS
WITH NO NET INCOME '
Under 1 _
2
2
2
3
2
8
2
1
3
19
13
4
5
2
4
1
1
1-2
1
1
1
2-3
1
3-4
2
1
4-5
1
1
1
5-10
1
1
1
1
1
1
3
1
10-15
1.5-20
20-25
1
1
1
3
1
1
1
2
3
25-50
1
1
1
6
2
3
1
1
1
2
1
1
50-100
3
100-2,50
1
250-500
1
3
500-1,000
2
1,000-5,000
4
5,000 and over
Total
72
4
8
5
6
5
8
10
7
6
13
For footnotes, see p. 166.
160
STATISTICS OF INCOME
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes '
Aggre-
gate
No re-
ceipts
Total receipts classes 2
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,590-
5.000
5,000-
10,000
10,000
and
over
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS— RETURNS WITH NET
INCOME 1
Under 1
16
15
9
6
7
36
25
26
20
91
103
87
33
16
18
5
3
3
7
3
2
2
2
12
4
2
12
4
4
6
5
2
2
17
9
13
41
24
4
1
1
2
1
1
1-2 -
1
1
2-3
3-4
2
4-5
3
3
3
1
4
17
28
12
1
5-10
2
1
1
--
2
.......
17
15
2
4
2
10
26
49
17
4
1
10-15
15-20
20-25 - -..
25-50
1
4
5
11
7
4
50-100
100-250
1
3
4
6
1
250-500
500-1,000
1
1,000-5,000
7
5,000 and over
5
Total
513
13
57
135
76
49
124
32
13
14
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS— RETURNS WITH NO NET
INCOME 1
Under 1
19
14
11
8
14
40
24
12
16
40
20
15
2
2
1
2
1
1
.
--
2
2
2
1
1
14
7
2
5
10
2
6
4
6
6
7
10
9
4
7
11
3
2
6
1
4
1
1
2
1
1-2
2-3
3-4
1
4-5
5
9
7
3
3
6
4
2
1
3
5-10
2
2
10-15
15-20
6
1
3
2
1
20-25
25-50
1
1
1
2
2
5
1
3
1
2
1
50-100
100-250
250-500
500-1,000
i
1
1,000- 5,000
1
Total.
238
7
48
80
48
22
9
14
9
1
MANUFACTURING: METAL AND ITS PRODUCTS— RETURNS WITH NET INCOME >
Under 1.
52
49
37
36
34
161
163
137
149
537
625
621
310
170
144
28
2"
3
3
4
2
1
5
5
20
11
10
8
15
28
25
19
13
25
11
1
1
19
17
11
15
7
76
68
52
59
169
125
22
4
10
8
8
7
21
26
37
34
159
165
78
4
4
3
3
1
1
13
15
12
16
80
121
90
7
1
1
1
1
3
16
19
15
21
86
171
334
145
17
2
-.
1-2
1
2-3
3-4
4-5
5-10
--
2
3
10
26
78
120
77
19
10-15
15-20
20-25
..
3
3
1
25-50
15
26
56
51
60-100
1
100-250
3
250-500 - ..
7
600-1,000
19
1,000-5,000
72
6,000 and over
27
Total
3,253
4
30
187
641
561
366
833
341
160
130
For footnotes, see p. 166.
STATISTICS OF INCOME
161
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes i
Aggre-
gate
No re-
(sipts
Total receipts classes '
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5.000-
10,000
10,000
and
over
MANUFACTURING: METAL AND ITS PRODUCTS— RETURNS WITH NO NET INCOME
Under 1
82
64
35
49
27
119
73
62
45
120
91
48
18
6
7
3
2
3
1
14
6
8
11
1
19
17
16
5
20
14
3
21
13
9
12
5
30
11
11
11
18
11
4
22
22
^l
u
26
22
11
16
23
16
12
10
10
6
7
5
20
9
7
2
21
13
6
5
4
2
2
2
8
5
4
1
8
11
6
5
6
1
2
2
12
6
12
7
21
14
12
9
1
1
2
1-2 -
1
2-3
3-4
1
4-5
6-10
2
1
1
4
5
2
5
1
2
1
10-15
16-20.
20-25.
--
2
2
3
1
1
25-50
1
50-100
3
100-250
250-500
2
500-1,000
i
1,000-5,000
1
3
6,000 and over
Total
846
20
134
157
203
117
58
111
24
11
11
MANUFACTURING: MOTOR VEHICLES, COMPLETE OR PARTS— RETURNS WITH
NET INCOME i
Under 1
3
1
2
1
1
1-2 .
2-3
3-4
2
1
3
1
8
5
17
15
39
14
13
16
6
1
1
4-5
1
2
5-10
1
10-15
1
15-20 . -
1
1
2
1
4
2
2
1
C
3
1
1
3
3
2
3
1
4
7
23
5
2
20-25
25-50
1
50-100
100-250
10
6
2
2
2
4
3
1
250-500 - .
1
500-1,000
a
1,000-5,000
13
6,000 and over
6
Total
144
3
14
14
9
46
19
13
20
MANUFACTURING: MOTOR VEHICLES, COMPLETE OR PARTS— RETURNS WITH NO
NET INCOME i
Under 1
5
2
1
1
1
..
3
1-2
2-3
3-4
4-5
2
7
5
4
1
11
5
8
2
2
4
2
1
2
1
5-10
2
1
1
2
1
..
4
1
1
10-15
1
15-20
1
1
20-25
25-50
2
i
1
1
1
1
2
1
1
1
2
2
1
50-100
100-250
1
1
250-500
1
1
600-1,000
i
1
1
1 000-5 OOO"
1
1
1
Total
58
3
6
11
11
9
4
5
3
1
S
For footnotes, see p. 166.
162
STATISTICS OF INCOME
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by 7najor industrial groups — Continued
[Net income or deficit classes and total receipts
classes
in thousands of dollars]
A ggre-
gate
No re-
ceipts
Total receipts classes 2
Net income or defloit
classes '
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2.500
2,500-
5,000
5,000-
10.000
10,000
and
over
MANUFACTURING:
MANUFACTURING NOT ELSEWHERE CLASSIFIED— RETURNS
WITH NET INCOME 1
Under 1
9
9
6
8
8
39
34
28
16
90
93
95
49
20
23
2
1
1
1
1
2
1
7
3
6
5
5
4
3
4
14
14
11
7
27
12
3
1
1
1
2
2
14
10
9
28
24
7
2
1
2
1-2
2-3
3-4
1
1
2
3
1
2
21
19
4-5
5-10
2
2
1
10-15
1
1
15-20
20-25
25-50
2
4
3
1
17
30
53
19
3
4
1
10
24
9
5
7
50-100
1
100-250
250-500 ...
1
500-1,000
1
1,000-5,000
11
5,000 and over
2
5
30
Total
529
109
108
60
127
54
21
15
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED— RETURNS
WITH NO NET INCOME i
Under 1
14
9
16
8
1
25
16
14
6
38
20
9
7
1
1
1
1
2
4
3
2
2
6
1
1
4
2
4
2
7
4
2
1
2
2
3
4
6
1
1
1
2
1-2
2-3
1
3-4
4-5
5-10
1
6
2
4
7
4
2
1
12
4
1
5
3
1
1
3
4
1
__
i
4
1
1
1
2
1
1
1
6
1
3
2
1
2
1
10-15
15-20
20-25
25-50
1
5
6
50-100_
100-250
1
2
1
250-500
1
500-l,0f0
1,000-5,000
5,000 and over
184
5
Total
33
38
42
26
11
19
5
4
1
CONSTRUCTION— RETURNS WITH NET INCOME 1
Under 1..
39
34
30
18
27
85
63
37
42
109
98
62
24
12
6
4
--
i
3
2
1
--
3
6
8
9
4
3
16
10
5
5
10
8
1
10
10
5
6
7
14
15
3
7
13
11
8
12
7
4
6
23
11
14
10
20
14
9
4
4
7
5
--
11
10
5
fi
24
22
4
1
_-
--
2
10
9
2
2
8
9
6
1
2
1
2
2
4
7
8
6
9
28
25
25
9
2
1
1-2
2-3
3-4
4-5
5-10
1
10-15
15-20
20-25
2
4
8
5
5
5
2
25-50
2
50-100
100-250
1
2
5
2
250-500
2
500-1,000....
1,000-5,000.
2
5,000 and over
17
85
Tot:ll . .
686
109
141
103
52
130
32
12
5
For footnotes, see p. 166.
STATISTICS OF INCOME
163
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes '
Aggre-
gate
No re-
ceipts
Total receipts classes 2
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
5,000-
5,000 L 10,000
10,000
and
over
CONSTRUCTION— RETURNS WITH NO NET INCOME 1
Under 1
46
37
16
17
16
48
40
29
24
54
30
25
4
3
1
8
13
2
1
1
10
3
4
8
7
4
3
17
7
4
5
8
14
13
10
3
15
5
4
1
1
8
5
5
4
1
10
7
6
3
11
5
4
1
9
8
1
4
2
5
9
5
5
9
5
3
1
1
2
1
2
1
4'
6
.-
1
..
5
1
2
--
3
4
1-2
3
3
1
1
2
5
2
1
2
6
4
2
2-3
3-4
4-5
1
5-10
10-15
1
15-20 ... .
20-25
25-50
2
50-100
100-250
250-500
1
4
1
500-1,000
1
1
1,000-5,000
1
Total
390
64
107
70
62
22
20
32
4
5
4
TRANSPORTATION AND OTHER PUBLIC UTILITIES— RETURNS WITH NET
INCOME 1
Under 1
78
60
49
41
36
182
178
150
139
400
407
357
183
132
145
46
10
2
1
--
1
3
3
3
1
1
..
39
20
27
26
19
93
86
57
49
81
21
2
1
18
16
10
7
12
50
56
51
47
163
112
32
1
7
6
3
6
""22"
16
14
20
73
135
65
18
2
3
3
3
1
4
6
8
9
7
37
47
68
18
2
--
1
._
4
3
8
8
19
29
53
18
11
1
1-2
1
2-3
2
1
2
3-4
4-5
6-10
10-15
4
5
6
3
21
45
100
82
36
8
3'
2
1
2
7
24
27
42
25
1
15-20
20-25
5"
10
8
28
47
3
1
25-50
50-100
100-250
1
5
2
250-500
10
600-1,000
10
1,000-5 000
65
5,000 and over
43
Total ....
2,573
28
521
575
387
216
157
314
135
102
138
TRANSPORTATION AND OTHER PUBLIC UTILITIES— RETURNS WITH NO NET
INCOME 1
Under 1
202
61
62
42
51
193
116
88
81
198
156
135
54
37
49
10
23
4
9
2
3
6
2
3
4
8
6
1
1
1
117
32
26
20
28
87
58
34
38
59
26
11
1
39
10
14
11
10
52
28
28
21
49
33
20
5
1
12
4
6
8
5
24
9
8
7
39
34
20
2
2
2
1
3
4
.-
8
6
4
4
17
15
11
3
2
1
-.
1
4
2
5
3
9
11
11
4
6
3
1
2
4
1
1-2
2-3
1
3-4
4-5
5-10
10-15
15-20
2
6
4
6
2
14
19
26
13
2
i'
1
6
6
21
12
8
4
1
2
3
2
20-25 . .
2
1
2
4
7
8
13
1
25-50
60-100
2
100-250
5
250-500
6
500-1,000
10
1,000-5,000
2
1
24
5,000 and over
9
Total ._
1,535
80
537
321
182
79
55
111
67
45
58
For footnotes, see p. 166.
164
STATISTICS OF INCOME
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes '
Aggre-
No re-
ceipts
Total receipts classes 2
Under
100
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5,000-
10,000
10,000
and
over
TRADE— RETURNS WITH NET INCOME '
TRADE— RETURNS WITH NO NET INCOME '
Under!
214
186
168
165
163
722
667
554
536
1,646
1,193
788
266
121
97
13
1
2
..
..
1
1
20
17
5
7
10
16
19
6
15
24
7
4
32
19
24
19
21
71
40
37
28
59
33
9
41
59
30
44
38
183
169
117
103
222
52
16
3
28
36
37
30
33
146
121
119
118
292
116
21
6
2
2
32
18
22
19
22
103
87
77
82
276
156
26
8
3
1
40
29
36
38
31
167
185
149
150
609
544
262
27
5
3
16
4
9
6
3
29
33
37
27
123
211
267
72
12
4
4
1
4
2
3
5
9
9
10
29
64
123
95
41
4
1-2
1
2-3
1
3-4 - .
4-5
2
6-10
1
10-15..
4
15-20
3
20-25
2
25-50
11
50-100
9
100-250.
60
250-500..
55
600-1,000
58
1,000-5,000
1
82
6,000 and over
13
Total
7,499
7
150
393
1,077
1,107
932
2,275
853
403
302
Under 1
291
142
131
80
85
287
193
114
90
208
107
63
24
8
6
14
1
4
3
2
5
3
1
2
2
2
1
39
13
9
11
19
41
24
14
12
25
9
2
44
24
20
9
12
53
31
20
12
21
12
4
69
24
30
15
18
68
40
21
14
28
11
6
1
1
36
23
22
16
9
36
28
17
17
36
10
8
1
19
14
20
5
6
20
24
7
10
22
5
3
1
53
34
22
17
13
50
37
28
13
47
30
13
6
1
1
12
4
1
3
6
10
3
3
9
16
19
12
5
..
5
3
2
1
1-2
2-3
2
1
3-4...
4-5
6-10
10-15
4
2
3
1
6
3
6
5
2
i
15-20
20-25
25-50
-
50-100
8
100-250.
7
250-500
4
500-1,000
4
1,000-5,000
4
6,000 and over
Total
1,829
40
218
262
346
259
156
365
104
43
36
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.— RETURNS WITH NET
INCOME 1
Under 1
255
128
104
101
89
277
187
129
113
341
241
172
79
29
11
2
5
4
1
1
3
1
2
3
1
4
1
2
3
189
85
66
48
50
150
71
42
28
36
13
40
23
27
39
19
86
65
39
41
113
39
12
2
1
13
13
9
4
14
32
34
29
26
115
87
28
6
2
3
1
1
6
2
2
10
13
8
26
45
37
1
1
4
2
l-2_.
2-3.
1
3-4
2
1
3"
2
2
23
27
31
6
1
1
4-6
6-10
5
1
--
19
21
47
37
9
1
10-15.
1
1
3
6
6
13
17
11
3
16-20.
20-26
26-50
2
I
2
4
1
60-100
100-250.
250-600
2
600-1,000
4
1,000-5,000
4
6,000 and over
2
Total
2,268
31
778
546
411
153
97
150
61
17
14
For footnotes, see p. 166.
STATISTICS OF INCOME
165
Table 10. — Corporations, 1936: frequency distribution of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes •
Aggre-
gate
No re-
ceipts
Total receipts classes '
Under
100
100-250
250-500
500-750
750-
1,000
1,000-
2,500
2,500-
5,000
5,000-
10,000
10,000
and
over
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.— RETURNS WITH NO NET
INCOME »
Under 1
627
381
287
260
244
804
528
353
229
521
314
194
53
22
8
22
8
8
8
6
23
10
16
6
13
10
10
3
495
304
220
215
198
612
377
209
134
212
85
34
2
68
51
40
26
22
114
107
97
62
180
104
43
4
1
25
9
14
6
12
30
22
20
16
73
59
50
13
2
5
5
2
4
4
13
4
6
6
21
24
20
12
3
2
2
1
3-
2
2
2
6
10
13
8
2
6
2
2
1
2
8
6
1
2
11
19
19
7
8
2
3
1
1-2
2-3
3-4
4-5
5-10
1
10-15
15-20
2
1
4
2
3
2
6
2
20-25
25-50
2'
2
1
50-100
1
100-250
250-500
600-1,000
1,000-5,000
1
1
3
5,000 andover
Total
4,825
144
3,098
919
351
129
53
96
26
6
4
FINANCE: BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.— RETURNS WITH NET INCOME 1
Under 1
1,331
1,113
1,001
997
863
2,787
1,542
943
701
1.818
1.259
945
403
245
242
64
566
378
300
280
286
874
576
384
327
886
660
520
200
129
122
32
751
727
690
708
568
1,863
938
522
345
786
413
195
73
26
19
6
10
4
5
5
6
33
16
23
20
94
96
69
26
10
9
3
3
4
2
2
12
10
8
2
35
52
64
27
16
9
3
1
2
3
3
8
19
32
8
12
5
1-2
1
1
1
2-3 . ...
3-4 ...
1
4-5
6-10
1
10-15
1
15-20
3
2
4
3
13
13
10
5
1
20-25
1
3
10
41
35
19
13
4
1
1
5
8
12
9
18
4
25-50
1
1
3
8
12
17
5
50-100 -.
100-250
250-500
1
500-1,000
2
1,000-5,000
25
5,000 and over
S
Total
16, 254
6,520
8,630
429
249
101
57
128
59
47
34
FINANCE: BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.— RETURNS WITH NO NET INCOME »
Under 1
2,128
1,056
784
596
480
1,607
856
541
356
905
518
405
149
74
69
14
1.302
571
430
338
284
941
530
334
215
572
307
237
86
44
32
8
809
480
344
247
192
644
315
191
134
306
177
129
32
12
11
3
7
2
5
7
3
16
5
11
5
18
18
25
10
6
4
5
1
3
2
1
4
6
3
1
6
7
6
6
5
4
2
1
1
1
1
1
2
1-2
2-3
..
1
3-4
4-5 -.
5-10
2
10-15
1
15-20
2
1
1
4
3
2
3
1
20-25
25-50 -
--
2
1
1
1
2
2
8
2
6
1
1
3
2
1
7
50-100 .
100-250 .-
250-500
1
500-1,000
1,000-5,000
3
1
5,000 and over
2
Total
10, 538
6,231
4,026
142
59
22
10
25
16
4
3
For footnotes, see p. 166.
166
STATISTICS OF INCOME
Table 10. — Corporations, 1936: frequency distrihxition of returns with balance
sheets showing total assets of $250,000 and over by net income or deficit classes,
cross classified by total receipts classes, by returns with net income and with no
net income and by major industrial groups — Continued
[Net income or deficit classes and total receipts classes in thousands of dollars]
Net income or deficit
classes '
Aggre-
No re-
ceipts
Total receipts classes 2
Under
100
750-
1,000
1,000-
2,600
2,500-
5,000
5,000-
10,000
10,000
and
over
NATURE OF BUSINESS NOT GIVEN— RETURNS WITH NET INCOME i
Under 1
4
4
1-2
2-3
3-4
4-5
1
1
5-10
10-15
15-20
20-25
25-50..
50-100
100-250
250-500
1
1
500-1,000
1,000-5.000
6,000 and over
Total.
6
6
NATURE OF BUSINESS NOT GIVEN— RETURNS WITH NO NET INCOME '
Under 1
7
6
1
1-2
2-3...
2
1
2
1
3-4
4-5.
6-10
3
4
3
3
4
3
10-15
15-20
20-25.
25-50..
60-100
1
1
1
1
1
1
100-250
250-500
500-1,000
1,000-5,000
6,000 and over
Total...
23
22
1
' The classification of returns into those "with net income" and "with no net income" and the net income
and deficit classes are based on net income for income tax computation (item 29, p. 2 of return'). Unlike
former years, net income for income tax computation includes dividends received on stock of domestic
corporations subject to taxation under Title I of the effective revenue acts (item 12(a), p. 2 of return) and
interest received on certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of
return), and excludes contributions or gifts (limited to 5 percent of net income before deduction of contri-
butions or gifts) and excess-profits tax (item 28, p. 2 of return).
' This classification is based on either gross sales where inventories are an income-determining factor
(item 1, p. 2 of return) or gross receipts from operations where inventories are not an income-determining
factor (item 4, p. 2 of return), or the sum of both when reported on the return.
Note.— For the aggregate of data in this table, see text table on p. 40-41.
STATISTICS OF INCOME
167
Table 11.- — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and witJi no net income and by major industrial groups
[Net income or deficit classes and total assets classes in thousands of dollars]
[For text deflnin<? certain items and describing returns included, see pp. 1-8, 38-45]
Net income or deficit
classes '
Total assets classes '
Aggre-j
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
AGRICULTURE AND RELATED INDUSTRIES— RETURNS WITH NET INCOME i
Under 1
857
299
194
138
107
286
177
89
63
157
87
55
19
12
4
1
532
123
63
51
27
43
21
9
3
153
76
50
33
25
59
42
10
10
11
2
115
63
49
33
36
116
59
35
19
42
12
35
24
20
14
12
41
25
11
9
48
14
4
18
10
11
5
6
18
16
19
17
29
21
12
3
4
3
1
2
1
9
13
5
5
23
37
33
9
5
1-2
2-3
3-4
4-5
5 10
10-15
1
15-20.
20-25
25-50
3
1
5
4
6
1
1
50-100 .__
100-250
1
3
1
3
250-500
500-1,000 .
1,000-5,000
5,000 and over
1
Total
2,545
872
471
679
257
185
150
21
9
1
AGRICULTURE AND RELATED INDUSTRIES— RETURNS WITH NO NET INCOME i
Under 1
2,183
649
357
262
162
433
177
97
55
127
54
15
6
2
2
1,462
339
172
106
48
117
26
6
4
13
5
359
131
80
52
35
80
24
13
4
14
2
248
105
66
56
43
118
49
29
12
18
4
2
1
68
50
27
24
22
65
34
23
14
29
6
2
25
17
7
14
11
30
24
12
6
29
7
2
19
6
5
10
3
22
20
14
15
21
27
6
2
1
2
1
1-2
2-3
3^..
4-5_
5-10.-
1
10-15 .
15-20
20-25.. .
25-50
2
3
2
2
1
i
50-100
100-250.
1
1
250-500
500-1,000
1,000-.'>,000
1
1
5,000 and over
Total
4,581
2,298
795
751
365
184
171
14
3
MINING AND QUARRYING— RETURNS WITH NET INCOME '
Under 1
1,119
470
306
222
176
590
318
218
144
378
230
205
04
49
35
7
739
266
150
89
70
186
66
33
14
23
5
3
162
89
76
54
35
130
68
32
15
32
10
2
132
62
48
44
41
147
87
72
50
100
29
11
2
43
27
19
14
11
73
48
37
29
96
59
37
2
13
14
10
9
12
29
31
28
19
57
55
39
5
2
29
12
3
12
5
21
16
14
16
64
57
84
27
19
4
1
1-2
2-3
3-4
4-5-
2
3
2
1
--
12
17
16
14
5
5-10
1
10-15
15-20
1
1
2
3
11
11
14
19
2
20-25
25-50
50-100
100-250
250-500
1
4
2
" i
500-1,000
1.000-5,000
3
5,000 and over
3
Total
4,531
1,644
705
825
495
323
383
77
65
7
f 7
For footnotes, see p. 183.
168
STATISTICS OF INCOME
Table 11. — Corporations, 1936: freqiiency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes ^
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MINING AND QUARRYING— KETURNS WITH NO NET INCOME •
TOTAL MANUFACTURING— RETURNS WITH NET INCOME '
Under 1.
2,766
818
501
366
247
801
401
193
164
365
193
121
40
18
6
1,749
440
250
158
97
262
106
36
35
43
12
2
2
1
383
130
89
70
44
142
69
24
18
49
5
343
135
81
79
61
196
91
59
33
58
19
8
1
124
65
45
30
19
94
57
22
24
68
42
11
--
76
32
19
15
10
61
44
25
22
60
35
25
7
1
77
13
17
12
14
43
30
22
29
73
65
52
14
4
8
3
6
1-2 -.
2-3
3-4.
2
2
2
3
3
2
8
9
16
5
2
4-5
6-10
11
6
2
10-15.
15-20
1
20-25
25-50
50-100
1
1
100-250-
250-500
500-1,000 .
1
3
1,000-5,000
1
5,000 and over
Total.
7,000
3,193
1,024
1,164
603
432
465
64
47
7
1
Under 1.
11, 829
4,399
2,803
2,010
1,600
4,818
2,813
1.819
1,341
3,772
2,726
2.237
948
535
451
92
8,956
2,436
1,200
764
508
1,004
262
110
68
83
11
1,708
1,062
809
572
504
1,391
613
301
156
238
39
10
880
693
591
490
425
1,642
1,191
790
532
1,174
356
'!
200
140
138
128
113
539
498
397
3,36
1,259
825
254
17
3
67
47
48
39
36
174
158
152
161
671
922
677
94
13
2
18
21
16
17
12
65
82
67
85
328
549
1,120
670
246
69
1-2
2-3
1
3-4
4-5
2
2
6
2
2
12
19
78
130
164
104
1
6-10
1
3
10-15
15-20
20-25
1
7
5
27
33
103
242
25
25-50...
50-100
100-250.
250-500
3
3
26
25
500-1,000
3
1,000-5,000
18
6,000 and over
41
Total
44, 193
15, 402
7,403
8,836
4,847
3,261
3,355
523
447
57
62
TOTAL MANUFACTURING— RETURNS WITH NO NET INCOME '
Under 1
20, 465
5,513
3,090
2,028
1,4<«0
3,589
1,485
869
509
1,131
558
293
91
31
25
17, 236
3,997
2,012
1,233
775
1, 552
437
198
87
133
50
11
1,802
741
496
349
294
735
296
138
71
100
32
9
1,052
514
394
266
235
780
377
263
147
254
77
17
1
1
244
173
131
113
99
305
199
147
97
247
103
30
4
1
84
47
39
48
51
138
114
70
67
208
114
61
7
3
2
41
39
18
18
25
78
56
49
30
172
150
124
38
10
6
4
2
1
1
1-2.
2-3 -
3-4 .
..
1
4
3
.......
21
29
19
5
2
1
4-5. .
6-10...
10-15.
2
1
4
6
9
11
19
10
8
16-20...
20-25...
25-50
50-100
-.
2
2
3
100-250
250-500..
1
600-1,000
1
1,000-5,000
6
6,000 and over
Total.
41, 157
27, 721
5,063
4,378
1,893
1,053
860
102
72
6
10
For footnotes, see p. 183.
STATISTICS OF IlS^COME
169
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
gate
Under
50
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10 000 -
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: FOOD AND KINDRED PRODUCTS— RETURNS WITH NET INCOME »
Under 1
1-2
2-3
3^
4-5
6-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
6,000 and over.
1,548
668
419
294
241
725
424
244
176
452
326
213
87
47
45
13
Total 5,922 2,062 1,094 1,229
1.145
368
178
104
86
135
24
11
5
5
1
245
162
128
93
79
212
98
38
17
19
3
114
102
80
70
59
258
187
117
70
137
34
1
31
28
22
17
12
75
71
51
51
159
105
20
1
643
9
5
10
8
3
34
28
17
22
84
105
61
397
4
3
1
2
2
10
15
10
11
47
76
119
54
18
5
377
53
MANUFACTURING:
FOOD AND KINDRED PRODUCTS— RETURNS WITH NO NET
INCOME 1
Under 1
2,424
730
420
288
217
482
205
116
70
134
55
30
7
1
1
1,989
505
260
160
108
181
57
17
7
20
3
2
257
123
80
64
53
97
43
22
11
16
3
134
73
64
46
37
133
65
39
21
28
4
3
33
13
12
10
11
48
23
24
18
24
11
4
9
9
3
6
6
13
11
6
10
21
7
2
2
7
1
2
2
10
6
8
3
23
22
16
3
1-2..
2-3
3^ .-
4-5..
5-10
10-15
15-20..
20-25 -
25-50
1
4
1
2
1
1
2
2
1
50-100
100-250
250-500
500-1,000
1,000-5,000
1
6,000 and over
Total
6,180
3,309
769
647
231
103
105
8
7
1
MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—
RETURNS WITH NET INCOME 1
Under 1
1-2
2-3...
3-4...
4-5
5-10
10-15.
15-20
20-25
25-50-
50-100..
100-250
250-500
500-1.000
1,000-5,000
6,000 and over-
Total... 1.700
289
126
89
70
49
188
112
81
85
201
139
151
57
36
24
3
214
82
40
32
23
73
42
30
22
36
602
283
For footnotes, see p. 183.
170
STATISTICS OF INCOME
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, bij net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Total assets classes 2
Net income or deficit
classes '
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)-
RETURNS WITH NO NET INCOME '
Under 1
478
126
75
54
48
109
58
49
2r,
55
23
24
1
386
85
36
25
19
32
10
8
2
4
2
43
17
14
9
3
28
10
9
3
5
1
1
33
16
12
8
12
33
14
16
7
10
4
1
11
4
11
11
10
17
13
6
19
4
4
1
4
3
2
3
2
5
6
3
6
7
8
4
1
1 2
1
2-3
3-4
2
1
1
1
4-5
5-10
10-15
15-20
20-25
2
10
4
13
25-50
50-100
100-250
1
250-500
500-1 000
1 000 5 000
Total
1,126
609
143
166
118
53
35
1
1
MANUFACTURING: TOBACCO PRODUCTS— RETURNS WITH NET INCOME i
Under 1
32
9
5
7
6
21
7
3
1
19
3
9
6
7
7
4
146
21
5
j-
3
1
1
1
2
2"
4
3
8
2
2
2
""""io'
2'
1
7
1
3-
1
5
2
1
1
1
1-2
2-3
3 4
1
4 5
5-10
1
1
10-15
1
15-20
20-25
25-50
1
8
3
50-100
2
7
3
3
1
100-250
2
250-500
3
1
500-1 000
3
6
1
1 000-5 000
1
5,000 and over
3
32
Total
13
34
21
9
18
4
11
1
3
MANUFACTURING: TOBACCO PRODUCTS— RETURNS WITH NO NET INCOME '
Under 1
77
34
11
7
13
26
6
2
1
9
63
27
5
3
7
14
1
1
9
3
T
4
4
2
5
2
4
1
1
3
2
1
1
2
1 2
2
2-3
3 4
2
3-
1
4-5
1
2
5-10
10-15
15-20
20-25 ... -
25-50
1
1
1
3
1
50-100
100 250 . -
2
1
1
250-500
500-1.000
1,000-5 000
5,000 and over
'
Total
188
121
26
22
10
4
4
1
For footnotes, see p. 183.
STATISTICS OF INCOME
171
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Total assets classes 2
Net income or deficit
classes '
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50.000-
100,000
100,000
and
over
MANUFACTURING: TEXTILE MILL PRODUCTS— RETURNS WITH NET INCOME'
Under 1
960
346
235
171
153
381
239
159
116
381
286
229
73
55
29
2
677
158
83
44
34
52
13
3
2
165
100
61
62
45
96
41
22
7
7
79
71
68
47
47
143
95
56
34
85
16
1
29
9
12
9
13
60
59
41
31
133
66
10
8
5
8
5
8
17
18
25
26
96
123
59
2
2
3
3
4
6
13
13
12
17
56
74
149
55
17
2
1-2
2-3
3-4
4-5
5-10
10-15....
15-20
20-25
1
6
9
15
23
1
15
24
1
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
2
1
5,000 and over
Total
3,815
1,066
606
742
472
400
426
55
45
3
MANUFACTURING: TEXTILE MILL PRODUCTS— RETURNS WITH NO NET INCOME'
Under 1
1,606
423
225
158
124
327
155
108
65
146
89
46
22
3
2
1,353
283
129
100
60
129
43
24
6
11
7
2
136
67
27
20
25
74
32
15
8
11
5
1
80
40
42
20
21
58
40
36
30
27
11
22
24
16
9
10
34
17
18
9
43
17
4
1
12
3
7
6
3
17
13
6
5
24
22
12
1
3
5
4
3
5
15
9
9
6
26
25
23
10
2
1
1-2
1
2-3
3-4
4-5..
5-10...
10-15
1
15-20
20-25
2'
2
4
7
i'
1
2
25-50
50-100
100-250
250-500
3
1
500-1,000
1,000-5,000
5,000 and over..
3,499
Total
2,147
• 421
405
224
131
146
18
7
MANUFACTURING: CLOTHING AND APPAREL— RETURNS WITH NET INCOME'
Under 1
1,439
460
268
184
127
309
178
99
81
184
98
70
21
9.
5
1,117
237
104
51
28
55
8
1
2
4
220
141
95
58
40
87
39
11
6
11
1
92
73
54
55
44
127
83
49
37
56
8
3
9
9
15
16
13
34
39
23
25
71
35
6
1
1-2
2-3
3-1 ._
3
2
5
7
13
9
32
38
2
1
4-5
5-10
1
2
2
2
10
16
36
16
5
10-15
15-20
20-25.
25-50...
50-100
100-250 .
2
1
3
3
250-500
2
1
2
500-1,000
1,000-5,000
5,000 and over
9
Total.
3, 532
1,607
709
681
295
135
91
5
For footnotes, see p. 183.
172
STATISTICS OF INCOME
Table 11.- — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Total assets classes ^
Net income or deficit
classes i
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: CLOTHING AND APPAREL-RETURNS WITH NO NET INCOME «
Under 1
2,378
548
280
146
108
296
98
60
21
48
18
2
2,133
454
215
114
80
201
58
33
10
19
6
170
63
40
16
16
49
21
14
5
4
2
1
63
24
19
13
10
39
12
7
4
15
4
11
6
4
2
1
5
6
3
6"
4
1
--
1 2
1
2-3 - -
3 4
4-5
6 10
10 15 .
15-20
20-25
1
1
1
1
25-50
50-100
100 250
250-500 - ---
500-1 000 -
1 000 5 000
1
1
Total
4,004
3,323
401
210
48
16
6
MANUFACTURING: LEATHER AND ITS MANUFACTURES— RETURNS WITH
NET INCOME i
Under 1 . .-
311
133
86
52
46
131
79
53
29
96
72
48
24
8
4
1
232
64
28
20
7
13
4
3
46
35
22
12
16
32
11
2
3
3
28
26
33
14
15
57
40
24
9
33
4
1
1
7
3
5
7
25
17
14
11
34
16
3
4
1
1 2
2 3
3-4
4
5
8
3
20
34
16
2
1
4 5
10 15
2
1
3
6
18
21
17
4
1
20 ''5
50 100
7
3
3
2
250-500
2
1
2
1 000 5 000
1
1,173
371
182
284
143
98
73
16
5
1
MANUFACTURING: LEATHER AND ITS MANUFACTURES— RETURNS WITH NO
NET INCOME i
Under 1
479
129
76
52
46
99
61
26
28
42
19
14
392
81
51
33
25
43
24
7
8
1
2
41
16
8
4
4
21
15
7
6
7
2
30
19
11
9
11
22
12
5
fi
12
2
1
12
9
3
5
5
5
3
5
4
5
3
2
4
3
-_
6
5
1
2
8
4
2
2 3
3-4
1
4 5
10 15
15-20
3
2
3
6
3
20 25
25 50
50-100
1
1
100-250
250-500
500-1 000
1 000-5 000
1
1
Total
1,072
674
131
140
66
38
20
2
1
For footnotes, see p. 183.
STATISTICS OF INCOME
173
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes '
Aggre-
gate
Under
50
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50.000
50,000-
100,000
100,000
and
over
MANUFACTURING: RUBBER PRODUCTS— RETURNS WITH NET INCOME i
Under 1
42
25
21
14
15
32
19
15
12
27
36
29
20
9
7
2
27
18
5
3
4
1
9
4
4
2
8
4
2
1
4
3
7
4
8
11
8
5
5
9
4
1
1
1-2
2-3
2
2
--
2
6
3
12
9
7
3-4
1
1
1
3
1
2
4
10
8
4-5 ._
5-10
10-15
15-20
20-25
1
1
12
13
13
4
25-50
1
50-100
1
100-250
1
6
3
1
250-500
1
2
4
500-1,000
1,000-5,000
..
2
6,000 and over
1
Total.
325
67
42
68
49
31
45
12
7
1
3
MANUFACTURING: RUBBER PRODUCTS— RETURNS WITH NO NET INCOME i
Under 1
98
36
21
11
6
30
13
8
3
4
3
3
1
78
26
13
4
2
13
1
7
4
1
6
2
8
3
1
6
4
4
6
2
1
1
1-2
2-3
1
1
1
3-4
4-5
1
4
3
3
1
2
3
1
2
5-10
1
2
2
2
1
1
10-15
15-20
20-25
25-50
4
1
2
50-100
1
1
1
100-250.
250-500
1
500-l,000_._.
1,000-5,000..
5,000 and over
Total
237
138
32
25
18
15
7
1
1
MANUFACTURING: FOREST PRODUCTS— RETURNS WITH NET INCOME »
Under 1.
828
295
208
159
101
3S4
210
133
93
313
164
110
33
9
4
1
562
131
63
47
21
60
15
3
2
4
141
81
66
52
44
106
24
13
6
10
1
89
64
51
41
24
132
107
61
36
88
11
1
27
10
20
14
8
58
43
41
28
125
51
5
8
6
6
5
4
18
14
7
16
59
59
27
3
1
3
1
1-2
2-3
1
3-4
4-5__
5-10 ._
9
7
8
5
26
39
68
22
1
1
10-15
15-20
20-25
25-50
2
8
5
6
2
1
1
1
3
2
1
50-100-
100-250
250-500
500-1,000
1,000-5,000 . .
1
5,000 and over. .. .
1
Total
3.045
908
544
705
430
232
190
25
9
1
1
For footnotes, see p. 183.
114338—39-
-12
174
STATISTICS OF INCOME
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
gate
Under
50
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: FOREST PRODUCTS— RETURNS WITH NO NET INCOME"
Under 1
1,258
362
232
162
131
336
171
93
50
117
62
34
8
6
937
232
121
78
46
113
27
20
7
7
6
1
139
59
43
38
34
74
37
14
6
9
1
3
134
45
41
26
29
91
45
29
11
26
10
4
32
19
23
13
14
31
33
14
14
27
11
1
1
10
5
2
7
17
13
10
8
25
11
5
j-
6
2
2
2
1
10
13
3
2
21
19
11
3
1
1-2
2-3
3^
4-5
5-10
10-15
2
2
--
3
6
3
1
1
1
2
15-20
20-25
25-50
50-100 - -
1
3
1
3
100-250
250-500
500-! 000
1,000-5,000
5,000 and over
Total
3,022
1,595
457
491
233
119
96
19
12
MANUFACTURING: PAPER, PULP, AND PRODUCTS— RETURNS WITH NET INCOME'
Under 1
234
96
82
60
54
148
117
69
59
134
124
121
52
20
21
1
162
42
29
20
18
25
6
3
2
44
29
23
17
15
47
14
9
2
2
1
1
21
19
21
15
17
49
52
35
24
46
16
5
4
5
5
4
20
29
13
20
41
32
10
2
2
1
2
1-2
2-3
3
1
3-4
4-5
5-10
3
7
5
3
25
51
30
4
1
4
7
4
8
19
22
68
40
2
10-15 - - -
1
1
15-20
20-25
25-50
1
2
7
5
12
5
50-100
100-250 . .
5
2
6
12
1
250-500
1
500-1,000
1 000-5 000
I
1
Total
1,398
307
204
315
188
136
185
33
27
2
1
MANUFACTURING: PAPER, PULP, AND PRODUCTS— RETURNS WITH NO NET
INCOME 1
Under 1
302
99
63
35
43
80
35
23
13
49
23
14
4
3
2
216
63
33
16
17
29
10
2
'i
46
19
15
8
3
13
8
1
4
32
11
8
4
6
20
5
10
4
12
1
1
3
2
4
6
9
5
5
2
6
1
1
1
4
1
6
5
5
3
4
11
8
4
1 2
2
1
5
4
2
1
2
13
11
1
1
2-3
3-4
4 5
5-10
10 15
15-20
20 25
25 50
50-100
1
1
1
2
1
1
100 250
1
250-500
500-1,000
.-
1
1 000-5 000
5 000 and over
Total
788
389
120
114
50
53
52
2
6
1
1
For footnotes, see p. 183.
STATISTICS OF INCOME
175
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups^
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes ^
Aggre-
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES— RETURNS
WITH NET INCOME i
Under 1
1,810
576
346
273
208
536
306
182
102
345
228
161
64
32
27
3
1,536
384
192
147
96
142
41
13
6
12
2
179
114
89
78
69
190
67
34
20
30
3
73
62
57
37
31
149
125
84
48
114
28
5
1^
5
9
9
41
51
30
19
117
67
19
1
1
8
2
2
2
3
10
14
17
9
53
93
48
2
1
4
1
1-2
2-3
3-4
4-5
5-10
4
8
4
10-15
15-20
20-25
25-50
18
34
83
48
10
2
1
1
3
11
11
12
50-100
100-250
3
2
8
12
2
250-500
500-1,000
1
1
1,000-5,000
6,000 and over
1
Total
5,199
2,571
873
813
392
264
217
39
27
2
1
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES— RETURNS
WITH NO NET INCOME '
Under 1.
3,410
881
496
254
181
372
124
59
39
75
36
17
11
2
i
3,068
712
390
175
119
200
50
23
16
18
8
2
215
87
63
47
30
75
21
7
4
3
6
94
56
34
19
21
C4
29
17
11
25
4
1
1
17
17
9
9
6
21
18
5
2
17
5
2
1
1
9
5
6
4
1
1-2
2-3
3-4
3
4
10
3
6
3
9
5
6
5
1
1
2
3
1
3
3
5
5
2
1
4-5
5-10
10-15
15-20
20-25
25-50
50-100
1
2
100-250
250-500
1
600-1,000 .--
1,000-5,000
5,000 and over
Total
5,957
4,781
558
376
130
09
37
3
3
MANUFACTURING: CHEMICALS
AND ALLIED
INCOME 1
PRODUCTS— RETURNS WITH NET
Under 1
784
262
172
104
81
339
192
135
112
324
209
181
91
62
62
10
602
151
72
45
25
85
26
6
6
9
104
66
49
26
27
100
46
27
16
19
6
2
53
35
31
29
20
108
81
61
52
113
40
7
17
6
14
3
6
30
26
28
28
108
70
30
2
5
2
6
' 2
11
8
9
9
45
69
60
13
3
3
2
1-2 .
2-3
3-4 ...
1
1
6
6
4
2
28
34
77
63
32
7
4-5
5-10
10-15
15-20
20-25
25-50
1
--
9
19
11
1
1
4
4
8
39
6
50-100
100-250
250-500
500-1,000
1,000-5,000
4
2
i
5,000 and over
2
Total
3,120
1,026
486
630
368
232
265
41
63
6
3
For footnotes, see p. 183.
176
STATISTICS OF INCOME
Table 11.— Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes '
Aggre-
gate
Under
50
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS— RETURNS WITH NO
NET INCOME'
Under 1
1,649
409
228
157
107
246
97
55
33
63
26
16
3
2
1
1,398
311
149
110
66
132
38
13
11
13
4
151
53
42
17
13
50
16
7
3
5
3
75
34
29
20
13
41
21
18
7
13
7
3
16
8
6
6
7
13
9
9
3
10
2
1
5
2
1
4
6
8
11
4
8
14
2
3
2
1
1
2
1-2
2-3
3-4
4-5
2
2
2
3
1
8
6
7
2
1
5-10
10-15
15-20
1
20-25
25-50
50-100
1
1
1
1
1
100-250
250-500
500-1,000
1
1,000-5,000
1
Total -
3,092
2,245
360
281
90
69
38
6
3
MANUFACTURING: PETROLEUM AND OTHER MINERAL OIL PRODUCTS-
RETURNS WITH NET INCOME t
Under 1
38
18
13
16
6
41
10
16
13
34
27
44
13
16
15
11
29
9
7
5
1
8
1
1
1
4
5
2
2
1
14
1
3
1
1
5
3
2
4
3
13
6
2
6
12
1
4
1-2
2
1
3
--
3
7
8
6
1
2
3
2-3
3-4
4-5 . - ---
5-10
2
2
4
--
6
13
1
10-15
15-20
2
2
8
12
17
9
4
1
20-25
25-50
50-100
100-250
3
3
4
1
1
1
r
3
250-500
1
500-1,000
1
2-
1,000-5,000
*
5,000 and over
10
Total --
331
62
34
61
34
40
56
12
9
7
16-
MANUFACTURING: PETROLEUM AND OTHER MINERAL OIL PRODUCTS-
RETURNS WITH NO NET INCOME i
Under 1
122
33
30
16
13
45
15
4
7
26
14
4
5
2
4
105
25
19
8
21
5
-.
3
9
g-
5
2
10
1
2
1
2
6
6
3
--
6
7
1
2
1
1
2
1
1
2
g-
1
--
6
2
1
1-2
1
1
4
1
1
5
3
1
1
2-3
3-4
4-5
j-
1
5-10
10-15
15-20
20-25
2
8
3
1
1
25-50
g-
1
50 100
2-
100-250
i
1
1
2
1
2
250-500
500-1,000
1
1,000-5,000
2
5 000 and over
Total
340
194
38
35
20
17
18
5
6
3
*
For footnotes, see p. 183.
STATISTICS OF INCOME
177
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns loith net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Total assets classes *
Net income or deficit
classes '
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000- 50,000-
50,000 100,000
100,000
and
over
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS— RETURNS WITH NET
INCOME'
Under 1
438
151
123
82
59
196
108
62
49
153
118
94
33
16
18
5
308
71
60
35
21
41
7
4
2
1
78
41
36
17
16
55
35
9
6
15
36
24
18
24
15
64
41
23
21
46
15
7
12
10
7
4
4
21
13
19
8
51
33
6
4
2
..
3
11
7
6
7
27
39
27
2
1-2
3
2
1
2-3 -.
-3-4 .-
4-5 ..
5-10
4
4
1
5
12
29
48
19
8
10-15
..
1
15-20
■20-25
•25-50
2
4
11
4
7
1
50-100
100-250 .
2
1
4
11
2
■250-500
500-1,000 ..
1^000—5,000
2
1
Total...
1,705
550
308
334
188
135
136
29
22
2
1
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS— RETURNS WITH NO
NET INCOME 1
Under 1
804
227
139
102
77
213
73
40
31
64
31
16
2
2
1
598
147
80
60
33
63
14
6
2
2
3
119
44
29
20
12
42
12
9
2
7
2
66
22
19
14
17
66
22
13
11
13
6
1
13
8
7
10
25
15
6
13
19
5
1
4
4
3
3-
9
7
2
2
16
5
2
4
2
1
1
2
8
2
4
1
5
9
7
1
1-2
2-3
3-4
4-5
5-10
10-15
1
15-20
"20-25
25-50
1
2
1
1
3
1
1
50-100
100-250
250-500
500-1,000
1
1,000-5,000
1
Total .
1,822
1.008
' 298
270
129
58
47
5
7
MANUFACTURING: METAL AND ITS PRODUCTS— RETURNS WITH NET INCOME t
Under 1
2,255
951
575
430
365
1.104
666
466
355
924
764
638
311
170
144
28
1,670
545
257
167
114
243
64
26
15
6
327
205
162
110
108
313
159
96
47
65
11
1
203
151
117
117
109
384
281
207
143
316
128
17
1
38
30
25
27
23
108
114
94
85
302
257
85
4
13
17
11
5
8
47
34
29
38
161
229
210
30
1
4
3
3
4
3
9
12
14
25
69
134
302
236
87
22
1-2
2-3
3-4
4-5
5-10 .
10-15 -
2
15-20
20-25
2
3
4
17
32
49
40
25-50
2
1
6
7
31
67
8
^0-100 . ,
100-250.
250-500
1
2
7
7
500-1,000
1,000-5,000
8
13
Total
10, 146
3,107
1,604
2,174
1,192
833
927
149
122
17
21
For footnotes, see p. 183.
178
STATISTICS OF IXCOME
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with ntt income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING: METAL AND ITS PRODUCTS— RETURNS WITH NO NET INCOME i
Under 1
3,820
1.079
570
439
258
676
266
168
84
208
114
52
18
7
3, 162
734
356
255
122
251
64
29
8
16
6
1
338
144
98
62
68
143
48
24
10
11
4
2
234
130
79
71
39
158
77
51
21
53
12
1
60
47
24
32
14
70
35
34
20
46
27
7
21
10
9
15
9
34
29
15
16
41
30
13
13
13
4
3
6
19
13
15
8
36
28
19
10
3
0
1
1
1
1-2 .
2-3 -. . . _
3-4 - -
1
4-5
5-10
1
10-15
15-20
20-25
--
5
9
3
3
1
1
2
25-50
50-100
100-250
250-500
4
1
500-1,000 .
1
1.000-5,000
2
1
2
5.000 and over -.
927
406
Total
7,766
5,004
952
242
192
27
11
1
4
MANUFACTURING: MOTOR VEHICLES, COMPLETE OR PARTS— RETURNS WITH NET
INCOME 1
Under 1
65
37
20
9
17
27
17
11
8
25
22
40
14
13
16
6
42
20
9
2
6
9
1
-.
9
6
4
7
7
7
1
1
13
7
5
1
4
8
8
T
8
6
1
3
1
1-2
2-3...
3-4 . ..
1
1
2
1
4-5
5-10. _
1
1
10-15
15-20
5
2
8
4
2
3
3
7
7
16
3
2
20-25
25-50
2
4
21
8
8
4
60-100
1
100-260
2
1
3
1
1
2
8
1
250-500. . -
500-1,000 .
1,000-6.000
1
2
5,000 and over
3
47
Total...
347
89
50
64
29
41_
6
16
3
3
MANUFACTURING: MOTOR VEHICLES, COMPLETE OR PARTS— RETURNS WITH NO
NET INCOME I
Under 1
1.34
41
30
17
14
41
22
12
6
15
9
8
2
2
4
111
28
22
9
R
17
6
3
2
9
5
6
4
3
5
4
2"
1
8
6
2
4
1
12
6
5
2
1
3
2
2
3
1
1-2
2-3 . ..
3-4
4-5
2
6
4
2
6-10
--
2
10-15
15-20
20-25
2
25-60
4
1
1
4
1
1
60-100
100-250
2
250-500
1
500-1,000 . . .
1.000-6,000 .
2
6,000 and over
Total
356
206
39
49
24
13
19
3
3
For footnotes, see p. 183.
STATISTICS OF INCOME
179
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
Under
50
50-100
100-
250
250-
500
500-
5,000
1,000-
5,000
5,000-
10,000
10,000
50,000
50,000-
100,000
100,000
and
over
MANUFACTURING:
MANUFACTURING NOT ELSEWHERE CLASSIFIED— RETURNS
WITH NET INCOME 1
Under 1 . .. ..
756
246
141
85
72
256
129
91
50
160
110
99
49
20
23
2
612
151
73
41
22
55
8
5
5
3
100
52
37
19
22
73
31
17
5
12
2
1
35
34
25
17
20
89
56
41
24
55
15
3
6
7
4
7
8
31
24
19
6
47
37
21
4
2
2
1
1
1
1-2 .
2-3 -
1
3-4
4-5 ..
5-10 -
6
7
7
9
24
37
25
10
1
2
2
2
1
16
19
45
29
14
6
10-15
1
15-20
20-25 .
25-50 ..
3
50-100
100-250 . .
4
6
3
4
250-500
500-1,000
2
13
1
1,000-5,000
5,000 and over
1
221
132
Total
2,289
975
371
414
138
21
16
1
MANUFACTURING:
MANUFACTURING NOT ELSEWHERE CLASSIFIED— RETURNS
WITH NO NET INCOME 1
Under 1
1,426
356
194
130
94
211
86
46
33
76
37
11
7
1
1,247
284
133
83
56
113
29
12
9
7
4
1
113
37
22
28
22
42
23
5
9
14
3
52
26
23
11
14-
30
18
12
9
16
8
1
10
8
12
5
1
18
7
10
2
15
8
2
1
2
2
1
5
5
6
2
15
8
3
1
2
1-2
2-3 .
2
1
3-4
4-5
5-10
3
3
1
2
9
6
5
4
10-15
1
15-20
20-25
25-50
50-100
100-250
1
250-500
2
1
500-1.000
1,000-5,000
5,000 and over
220
Total
2,708
1,978
318
96
53
38
1
4
CONSTRUCTION— RETURNS WITH NET INCOME 1
Under 1
2.620
747
453
265
197
537
262
130
111
224
135
72
24
12
6
2,127
454
243
123
67
144
45
9
6
7
2
303
152
111
67
55
143
58
36
25
26
10
1
148
107
68
56
48
164
95
48
38
S2
24
9
33
25
21
12
24
60
38
27
26
52
43
17
7
7
9
6
3
19
21
8
10
37
29
20
8
1
2
2
1
1-2
2-3
3-4
1
4-5
5-10 .
6
5
2
6
20
26
24
11
5
3
i
10-15.
15-20
20-25
25-50
60-100
100-250
250-500
1
1
2
500-1,000
1
1,000-5,000
887
113
12
5
Total
5,795
3,227
987
379
185
For footnotes, see p. 183.
180
STATISTICS OF INCOME
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net inco7ne and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
Under
50
50-100
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
10,000
and
over
CONSTRUCTION— RETURNS WITH NO NET INCOME 1
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500.
500-1,000
1,000-5,000
5,000 and over.
Total 8,779
5,166
1,197
626
378
253
566
225
98
67
111
49
34
5
3
1
4,540
903
458
255
150
279
80
19
15
12
3
6,714
388
158
88
70
51
116
51
23
13
20
192
98
62
36
35
121
53
26
13
23
7
674
199
TRANSPORTATION AND OTHER PUBLIC UTILITIES— RETURNS WITH NET INCOME •
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50.
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
Total...
3,179
1,156
691
452
387
1,042
558
313
234
592
490
382
183
134
146
46
9,985
2,690
825
406
223
159
320
105
27
17
15
4,789
273
165
151
104
100
219
99
46
27
46
19
3
1,252
136
116
83
83
92
319
176
89
51
133
60
23
1,363
32
26
30
23
19
90
103
70
62
134
78
28
4
699
23
13
9
7
10
57
47
48
41
121
104
61
9
4
554
22
10
6
29
22
28
31
126
181
162
52
30
3
718
210
70
TRANSPORTATION AND OTHER PUBLIC UTILITIES— RETURNS WITH NO NET
INCOME'
Under 1
5,777
1,337
723
441
309
751
302
177
112
262
185
149
57
39
50
11
4,935
982
477
257
141
253
93
32
9
18
7
6
1
380
172
104
85
51
138
37
14
10
19
2
5
1
258
119
80
57
66
164
55
41
12
26
18
3
1
2
76
31
30
22
24
84
57
25
25
25
10
5
1
68
16
20
11
15
57
24
28
28
55
26
9
1
46
11
9
9
10
44
30
30
24
89
86
61
7
3
3
5
2
3
2
1
1
1
1-2 ...
2-3
3-4
4-5
1
6
3
7
1
19
23
22
19
1
1
1
4
2
4-1,0
1
1
10-15...
15-20
20-25.
3
11
8
34
19
17
14
1
25-50
60-100 .
4
3
4
6
14
1
100-250
1
250-500
3
500-1,000
10
1,000-5,000
1
1
17
9
Total .
10, 682
7,213
1,018
902
415
358
462
110
127
36
41
P'or footnotes, see p. 183.
STATISTICS OF INCOME
181
Table 11. — Corporations, 1936: frequency distrihution of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or
deficit classes and total assets classes in thousands of dollars
Total assets classes 2
Net income or deficit
classes i
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
5,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
TRADE— RETURNS WITH NET INCOME '
Under 1
26,441
9,003
5,249
3,584
2,709
6,932
3,284
1,748
1,215
2,666
1.386
818
266
121
97
13
21, 727
5,903
2,913
1,690
1,050
1,678
329
100
32
58
7
2
3,196
1.930
1,410
1,069
863
2,270
875
288
159
132
18
8
1,299
974
753
660
632
2,259
1,413
803
488
826
166
21
1
157
157
126
122
124
555
474
391
360
966
361
76
6
1
43
34
34
31
28
120
145
127
134
509
482
193
25
3
19
4
13
11
12
49
47
39
39
167
348
479
182
42
5
1-2
1
2-3
3-4
1
4-5
5-10
1
1
10-15
15-20_
20-25
2
6
3
24
36
47
20
1
2
1
15
16
27
59
4
25-50
50-100
100-250
250-500
500-1,000-
1
13
3
1,000-5,000
6,000 and over
6
Total
65,532
35, 489
12, 218
10, 295
3,876
1,908
1,456
142
125
17
0
TRADE— RETURNS WITH NO NET INCOME :
Under 1
39, 789
9,233
4,611
2, 665
1,734
3.614
1,192
511
328
527
199
94
25
12
7
35, 034
7,421
3,421
1.893
1,132
1,955
513
164
110
122
22
9
3,113
1,092
652
412
312
720
224
78
63
78
27
7
1,338
573
404
270
203
633
253
148
62
110
39
15
1
1
1
216
103
90
67
55
214
123
70
52
82
35
8
1
1
68
29
29
24
27
59
59
30
27
81
40
15
3
i"
18
13
12
8
5
32
20
21
12
48
26
36
14
2
2
2
1
1
1-2
2-3
2
3-4
4-5
5-10 -
1
10-15
15-20
20-25
2
4
6
3
6
2
i
25-50
2
4
1
50-100-.
100-250-
250-500
600-1,000
3
3
4
1,000-5,000
6,000 and over
Total
64, 541
51, 799
6,77S
4,051
1,107
492
267
31
16
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.-
NET INCOME i
-RETURNS WITH
Under 1
6,910
2,200
1,169
873
597
1.606
814
443
306
698
349
215
83
29
11
2
5,356
1,387
657
436
269
582
244
96
53
95
13
6
1
739
394
218
186
116
342
163
80
38
99
33
6
1
552
282
184
146
121
401
220
138
102
163
62
31
1
177
87
67
61
58
172
91
56
58
133
65
38
8
65
32
28
32
23
73
61
36
29
106
82
40
13
1
21
18
14
12
10
35
34
34
25
92
80
78
49
20
5
1-2
2-3
1
3-4
4-5
5-10
1
1
3
1
8
12
13
4
3
1
10-15 - -
15-20
20-25 -
25-50
2
2
3
6
5
4
1
50-100
100-250
250-500 -
500-1,000
1,000-5,000
1
1
5,000 and over
Total
16, 305
9,195
2,415
2,403
1,071
621
527
48
23
2
For footnotes, see p. 183.
182
STATISTICS OF INCOME
Table 11. — Corporations, 1936: frequency distribution of returns with balance
sheets, by net incoyne or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes '
Total assets classes 2
Aggre-
gate
Under
50
50-100
100-
250
250-
500
500-
5,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
NO NET INCOME i
-RETURNS WITH
Under 1
17,117
4,582
2,427
1,519
1,013
2,313
980
5R2
351
711
391
226
fiO
25
8
13, 160
2,713
1, 244
668
398
674
178
87
47
73
30
14
2
2
1, 869
792
382
240
129
250
75
31
15
32
15
11
2
1
1,432
679
502
339
232
543
165
63
35
56
20
3
453
266
198
182
169
501
245
112
70
88
26
9
136
93
70
60
55
238
203
162
106
175
04
19
2
65
37
30
28
29
100
114
105
77
264
205
117
21
8
2
2
1
1
1
4
1-2
2-3
3-4
1
4-5
5-10
3
10-15
15-20 .
2
22
34
19
6
20-25
1
2
9
14
11
8
5
25-50.
50-100 .
100-250
1
250-500
500-1,000
1,000-5,000
1
2
5,000 and over.
Total
32, 285
19. 290
3,844
4,076
2,319
1,383
1,200
115
54
2
2
FINANCE: BANKING, INSURANCE, REAL ESTATE. HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.— RETURNS WITH NET INCOME '
Under 1
12, 959
4,651
3,130
2,300
1,771
4,788
2,329
1,331
885
2,096
1,362
992
406
246
244
64
7,471
1,514
717
353
233
436
133
69
21
33
20
10
2,078
810
526
331
230
496
162
67
32
57
12
11
1
2,038
1,188
874
612
437
1,040
478
239
126
181
78
25
1
2
1
1
817
661
578
512
394
976
401
261
166
339
144
52
4
4
2
362
302
280
299
285
1,037
493
237
179
431
202
96
11
5
3
181
168
148
174
182
755
620
423
317
848
640
476
138
47
13
1
9
6
6
14
7
35
33
23
35
139
155
137
120
60
20
1
3
1
1
4
3
12
8
12
8
66
97
153
101
83
125
6
1-2
1
2-3 . . - -
3-4
1
4-5
5-10 :
1
1
10-15
15-20
20-25
--
8
21
21
19
29
12
1
25-50
1
50-100
6
100-250
11
250-500
9
500-1.000
26
1,000-5,000 - -
2
49
43
Total
39, 554
11,012
4,813
7,321
5,311
4,222
5,131
800
683
115
146
FINANCE: BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.— RETURNS WITH NO NET INCOME '
Under 1
31,919
7,473
4,115
2,461
1,650
3, 923
1,598
881
547
1,251
688
479
164
79
73
14
20, 570
2,887
1,290
539
338
577
212
98
57
lis
4;
34
3
4
5,243
1,872
908
515
300
524
123
67
30
63
22
14
1
1
3,878
1,617
1,093
782
518
1,141
360
150
85
135
79
25
1
1,279
610
406
294
240
740
335
171
119
187
61
32
15
1
1
529
283
224
166
119
419
263
148
105
253
90
44
9
2
2
1
363
183
173
149
128
456
271
205
124
385
256
171
45
15
12
2
32
16
11
11
3
51
19
31
18
64
62
73
28
14
7
1
24
5
9
6
4
14
13
11
9
42
65
77
39
25
22
5
1
1-2
2-3
1
3-4
4-5
5-10
--
1
10-15 . .
15-20
20-25
25-50
3
5
5
2
8
9
1
1
60-100
2
100-250
4
250-500
11
600-1,000
9
1,000-5,000
16
5,000 and over
4
TotaL
57, 315
26, 780
9,683
9,871
4,491
2,656
2,938
441
370
36
49
For footnotes, see p. 183.
STATISTICS OF INCOME
183
Table 11. — Corporations, 1936: frequency distrihulion of returns with balance
sheets, by net income or deficit classes, cross classified by total assets classes, by
returns with net income and with no net income and by major industrial groups —
Continued
[Net income or deficit classes and total assets classes in thousands of dollars]
Net income or deficit
classes i
Total assets classes '
Under
50
100-
250
250-
500
500-
1,000
1,000-
5,000
5,000-
10,000
10,000-
50,000
50,000-
100,000
100,000
and
over
NATURE OF BUSINESS NOT GIVEN— RETURNS WITH NET
INCOME 1
Under 1.
79
16
6
65
11
2
6
2
2
4
3
2
1
2
1
1-2
^-3 _ _ _
3-4 . - -
4-5 . ---
4
4
2
3
4
1
1
5-10
10-15
1
15-20
■20-25
■25-50
1
1
50-100
100-250
■250-500
1
1
500-1,000 - -
1,000-5,000
5,000 and over
Total .
113
86
11
10
2
1
2
1
NATURE OF BUSINESS NOT GIVEN— RETURNS WITH NO NET
INCOME 1
Under 1
530
64
36
28
16
39
16
11
5
9
3
1
3
472
50
27
17
8
23
6
5
2
6
1
25
9
2
7
4
6
4
1
1
26
5
5
3
4
7
2
1
1
2
3
2
1
1
1-2
2-3
1
1
1
3-4
4-6 .
5-10
2
2
3
1
1
2
1
10-15
15-20
20-25
25-50
1
50-100
1
100-250
1
1
250-500
2
500-1,000
1,000-5 000
Total
761
619
60
56
13
8
4
1
1 The classification of returns into those "with net income" and "with no net income" and the net income
and deficit classes are based on net income for income tax computation (item 29, p. 2 of return). Unlike
firmer years, net income for income tax computation includes dividends received on stock of domestic
corporations subject to taxation under Title T of the effective revenue acts (item 12(a), p. 2 of return) and
interest received on certain Government obligations, which is subject to excess-profits tax (item 8, p. 2 of
return), and excludes contributions or gifts (limited to 5 percent of net income before deduction of contribu-
tions or ccifts) and excess-profits tax (item 28, p. 2 of return).
' "Total assets" means the sum of the asset items or the sum ofthe liability items reported on the balance
sheet of the return less any deficit.
Note.— For the aggregate of data in this table, see test table, pp. 42-43.
STATISTICS OF INCOME
Z f^.
o ^
I o
o o
oo
lO 1-1
ii
o ^
"^ f-T
(>» rj* t-* CD Ol t^
f~tC^^i-t,-tC<i>^^Ci
'-HCCC^C^OOi(MCCiO'-<
COi-l'-<COCO«OC^»-ii-HrH
CO i-i c^ (N r- a> c^
COiO-^CCiOOSOOC^C^'-'
i-H<Nr-l,-<C^COC^»0'^Cr>CDt^i-<»-iC^i-H
CD^r^'^COCDCSOOO'-Ht^t^OCOW
»OCOC^C^C^OCO'M<M<©CO(M.-I
JOOlOiC^^OOOCOiOr-iOiC^t^OO
JCOCNi— iiCCOC^i-tCOCSICS
^^,
\n o ^
ogx!
oo c
' 03
o B S °.''
o o
ociooo
I I I |!01^C;^^^CJO*00 --
O O C-l lO f-t t^ ^
CO -;)<■ >o ii T 'r "l" I I O O O o o
■ ■ ' ' 0^0^000*00^%
o
o
W
O
1 1 1 1 ! rt 1 —1 i— Id
1 1 ■-( 1 1 i-M t-li-H .-1 to C<l
1
o
<!
Us
O'
1 't 1 rH r-l ll-l CO 1 1 1
1 1 1 IrH rq 1-H 1(N rt
Q
Z
C^ 'i CO 1 r-l CO 1 .-1 1 ■* e^
z
hH
coc<<-* 1 iio ieo->j<to>o
OiOitDi-HCNtOOOt-HlOC^r^
t^lM.-(.-ll-ICOrHr-l.-ICOW
<NOiCOiO-«J^«-HO'M'^050
b-'rj<r-,(NoOcc<Nc:coiooo
CDCTHO-*fCNQ0'*i-i»-(COrH
coor^»~^oocDco'<j<'-Ha>
lO O 'd o o
O I— C^l (N UO i-H
- uj r-< I I I I I
I 1 OiO O^ o
STATISTICS OF INCOME
185
1 llN 1 1
CO
CO irH,-! 1
r^
<MCO 1 1 1
o
M •* rH 1 1
c5
00
00
Ml-I l-H 1 1
s
C^ 1 1 1
CO
tOCOiN 1
t-
s
0<N — 1>0
O CO »-<
CO
00
CO-»< r-l
oo"
100-250
250-500 -
500-1,000 -
1,000-5,000- - --
."i.OOO and over . -
"ca
o
CC <M >-< CD CO
■— leoioccc^oiOii-H
CO Tf CO '^ l-H
C0i-li-li-(O5CSiM^Tt<^.
COCOC^t^(NC^COOO^CO
CO TT CO *C -^ W
C^rHlO-^COClO'^COOCO
rH IM ^ ^ ^
"^CO»OC^.-iCOCOC^OOi^
CS CO "^t^ CS C^ i-H
r-« T-H N
^ ■< 00 00 CO O Tj*
V^ lO CO i-l .-I
^cc^coo<Dor^o;--iO'^t^(N<Nr^
C0(Nr-HC^CDC0O*0<M.-t
^^-t<coco»or*.-<co^'*iO'^Tt<-<i^t^
■^C^<NC^r-<CDTj<COC^00cOiOCS--<
iOoicoo:iocoior-coO'^t^t--ocoai
Tt*OI^'^iOiOr-CfiQO^'^»dCD(MCN
r-lC0<£>Q0"*(NC0'^OQ00sC0-<^(Ni-H
c<rTj''c^''i-HrHTj^c^i-ri-rcf.-rr-r
r^iocooo^oc^oi'— 'C-iiOfOoO'OiocO'^
- O to CO Tt< I
t^io— '^-Goor-os
^^CTiOtDOlOOcCCOOOOOCOOi^Tf
C<f Tt-" c< cs --T •^'" (M' r-T r-T co' c< c^'
lO O lO O O C^ 1
o '-f c^ <M ":"-« I
rH CO i-H CC C^ Tf
,-C.-H,-lr-l»riCOCO(M
< 1-H -^ to CO T-( 1-1
COiM— li-tC^»i-iiccOTj*t^C^iC.-i
H^^COCOlCt^OS-^t^OOOOt^'-
r-t^WOlOOCDCOOOCO^OOCDOiO-^
i-^OrrCir^co«— icocO"^o:iCC^
C<l — .-.
1— (r--ioaio:ocoeooGOcoooO'^i>»
OOOOCN'— 'OOTTCCTpOTfCS
C<l O CO C^ '— ' CO 1— t
CD IM !N '^ iO O:
J 0<MOCO W
3 CO d to (M CD CO 1-H
CO CO CO C^ >-H CO i-H 1-t
iOOiOOO<N»Oi— A(— ,
) 1 1 I I OO Ooo
186
STATISTICS OF INCOME
-op.::
1 i 1 1 1 1 1 1 1 1 1 i i 1 00 (M
o
'' ': ' 1 1 1 1 '• ' ': 1 lT-.O100rt
M
1 1 1 ! ! 1 i 1 1 i 1 1 lO lO lO r-i
to
iiii.it 1 f-t C^ . -^ t^ 00 <CM
o
CO
i 1 i 1 1^ 1 i i i-*C000503 i
to
1 1 1 1 ! Irtf-I IcOU-iOMIMM 1
CM
i-H 1 i ' i^^C^lCOCO i
^
en
1 1 1 1 ,-( . r^ . ■ CC CC kO TJi rH CO 1-1
IN
iM 1 ;,_i Irt 1 ,-1 c^j o .-1 ^ to es (M i
OOM'CDOeOOOiOOi— lOrfCSOOOSWO^
C^(N^r-H,-iCCCC^(NOO"**<*^'-i
-^
i-^ r^ :c rf 00 1-1 c X CO cs t^ t^ o; (M ^ i
CM -Wi CO C» i» r-1 CC ,-^ 03 CO to — CO IN rt .
00 CS ^ CO ^ ^ IN ^ ^ '
to
t^^Oi»oiocot^Cit^oooooo:or^coo
lor^t^ooo^Oicoi-icoCMOic:!?©?©,-!
OOC^f-l'-^ CO r-t r-1 T-1 CO IN ,-1
o
CO
CO
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500. _
500-1,000
1,000-5,000
5,000 and over
"3
o
Eh
llllr-lllllo)!,-!!
CM ; i 1 ' —I,-! 1 irtrt ', 1
>OC0Tt"M'0C'^«OCC'Cl^tCC0 '<
CO 1—1 1—1 t
--HO:CCCOOi-iOCCit^CO-^CO
01COC01^.->OC-UOCM>CCMrt
00 -^ CM ^ ^ IN ^
OOCMCMt^ritOOOCOiOt^CMO-*-
INiO-Tt^ — tOOiOCOtOCOi-l
OS M> CM ,-H T-l CM rt
Under 1, ._.
1^2-- ---
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
25O-500
STATISTICS OF INCOME
187
c<«
!N
; ; 1
■*
to
o
s
(N —1 '•
1 1 tH
1 . (D
,' ; >
Id o
ill
"3
o
CO
1 1 I 1 1 i . 1 1 > 1 1 i 1 Iro
lllli!llllll!NO(N
o
■ llllllrtllllr-.lcOt-l
CD
CO
1111!II111I,-h1(nim'
llllllllllrtdlMr-ll
CO
IllllllllrtllMlii^
Tl<
»n
•a<
«
1 i irt 1 1 . 1^ l,-l(Mi-l 1 1 .
CO
M 1 1 (M 1-H C^ rH 1 ,-H -^ •«»< CO <-t lO i-H ,-f
i i '
CO
Tj.rtrt-H •<»( ,-1 ,1 CO cq CO ^ 1
CO
eoo5co<Dcoco^cocoo3cnt^kOi^oi^
CO
Under 1
1-2
2-3
3-4...
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over
"3
o
O
n
"
o
a
1 1 1 1 ■ ■ 1 1 i 1 1 <N I 1 1 1
N
z
1 1 ■ ■ 1 ■ 1 1 . 1 t-l 1 1 1 (M 1
CO
i
1 ■' 1 -'1' 1 1 I 1 1 1 1 ' ' '
(M
C/J
O
o
o
1 ; ; 1 j : : : 1 I : ; ; : 1 ; 1 ;
; ; ; i i ; i ; i i ; i ; i i i 1 i
N
«
W
o
ft
<
(N 'f-H 1 iC-lt-H i»-tcOCO ir-<,-l,-l 1
CO
o
OCCOO-rC: CO-Tt^c^0C(NM-^C^< 1
co-a-coc^.-i->j<-H o) .
CO
6
•«*^ Tj* CO CS r- »0 1-" CS ^ I
00
CO
O
1 1 1 I 1 1 1 1 ! 1m
1 1 o
; >
1 ; 1 1 1 ! 1 1 1 ; 1 1 1 'd °
J ::!:;;::;:: i^'o"^
1 1 1 1 1 1 1 1 1 1 o d 3 S "3
Jr? o»oo.,'^
,2; ' ' ' ' 1 »o o »o o o c^ "^ »-^ A f-,
a CO CO T)> m .-■ 1 1 1 1 icoogfe
>-;i 1 1 1 lOiOO-OOOli^C--
h-'--(MC0-a-'O.-'-ilM(MiCrMC0iO,-.iO
"3
o
188
STATISTICS OF INCOME
CM
o
Q
u
|£.
H
^
W
^
W
1
s
H
r/)
g
^
rt
&
H
w
c^
«
1
o
i=>
Q
»o
n
'^
05
T3 o.i;
_ ® a>
Z--
1 ! 1 1 1 1 1 1 1 1 1 1 i i c^ oi
cs
illllilllcii.-lTt<>0(N
IN
i 1 1 1 I I 1 1 1 i 1 1 lO rJH t~ CO
o>
1 1 1 ! 1 1 1 1 1 lc^oocoo>to>o
s
! 1 i l 1 1 1 1 IcOCOTfCOmo 1
o
r (M . M lO OS O CD Oi Oi ^
Sg
1 1 1 1 1 \ i,-lrtC0->»<W*'O(N I
c^
11)1 1 (M r C^ 1 r^ 00 tN 00 t^(N ^
-^
1 1 1 1 1 CO C^ ,-1 lO lO OO CO ^ -^ O T-i
s
i -^"oo^oor^oocsco ;
s
cooococi'-'^ooO'^co^r^ooc^
0>O^Tf<Tl->OrHt~CDOOCCCOf(N
8
^t^.H.HO'OOOOSOC^OJC^'raCBN
r^^iOOSCOCOCDCnoOOlCOOOCDyDCO
iMOiiOCOCOOi'OCOCMeD'OCOrH
to
to
od
2,377
975
597
44 L
373
1,126
679
474
362
945
791
655
316
181
147
28
CO
o
Under 1...
1-2....
2-3
3-4
4-5
&-10
10-15.
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000....
5,000 and over
"3
o
Eh
i 1 1 1 N 11 r 1 r
^^ IrH jrt 1 1 ,'mcO IrH
! rH ,^ 1 1 1 1 1 1 _i ; ; C<1
Irt i^ .' \C<) IrHf-H l,-l,-l
CO 1— (,-1 !rt(NCKl,-ilN 1,-icq
o>»oioo^-^ooo»ccncoto
OTfCOCO-HtOlMf^ScNi^rH
COCOiOCOCO^Tt^COrHCO-^CDO
lO^OS-^I^I^COCDOOOOS-^J^i-t
,-.,-< lO -* OJ CD C^ r-l N
4,257
1,161
632
476
287
728
288
188
94
235
118
61
22
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50....
50-100
100-250.
250-500...
STATISTICS OF INCOME
189
<N
C^
O
la
CO
CO
t^n< 1
CO
oo"
0000 !
i
oo"
1 < u>
' ! >
3
o
1 1 1 1 1 CO
CO
' ' ' ' ' 'n
CO
t' i"'COO0O5
o
llllllllllllr-C»OC<lT)l
1 I 1 : 1 '— 1 ' 1 l,lco— le^cooo
00
j-^ i i i ; i p"g?3gs^
CD
05
i ; i i i^---<-'°c^?sS2S'"
CO
_^^ : :„ ;-H.ocoooco-H^o>^
00
, ,'_! , lrt,-ITt<COCOC^>OCOC^OO 1
CO
III! 1 rt irj CO C^ O <M so CO 00 00 1
■ ■■II — icqc^rt 1
00
05
rMrt_ 1— ■-jTuooi'NCOOOCOt^t^Ca
CO
CO
COO^SOCO'*<0!NTJtcOO>OrH05'-<C<l I
CO ^i ^ w CO"* CO c^ ^ ^ ■
CO
i-IOiC^C^iO-^^CD-^OOcOCOOOOCqcO
c^t^co-st^^co^^coor^-^cococo
CO_H-H— l^-^CON^IOCOCO-H
o
CO
9,003
3,126
1,946
1,351
1,052
2,941
1,646
974
690
1,904
1,221
821
256
129
69
7
CO
9,330
3,310
2,114
1,496
1, l72
3,420
1, 992
1,222
880
2,533
1,765
1,418
558
300
244
45
05
CO
Under 1
1-2
2-3
3-4
4-5
5-10...
10-15
15-20
20-25.
25-50
50-100
100-250.
250-500
500-1,000
1,000-5,000 .
5,000 aud over
"3
o
1 "
1 1 1 1 OJ 1 1 I 1 1
CM
'-' 1 ■ 1 I.-1— IIO^IN 1
'-
1 1 1 _| i rt rt ^ 1 iM (M r-( rt 1 i 1
o
tH 1 1 1 1 1 1^ ^ ^ .' lo cq ^ cv< 1 1
CO
^ ; 1 ,' ^ c^ _ _ ^ 1 ; ,' ^ rt 1 1
■3S
■ ■ 1 ■ 1 ■ ■' -c ■ ■>(< CO CO ■' -< 1 1
CM
CO^— * ■^^COCOCO'^C-^CO ■ ■ t ■
in
cOrticacqir3ioa3C^co>ot~coc<l 1 1 1
00
OOl C"^ ^ Gft CD I^ <M r^ t-l CM O ^ CO C^ i
Tt> ^ O CD O CO 00 CO •* — 1 CD tP rt 1
CO •—■'—< ^H f— ( 1
c»
o
16, 688
4. 295
2,379
1, 493
1, 159
2,688
1,103
626
363
775
358
188
51
16
10
CM
17, 040
4,449
2,484
1,561
1,225
2,863
1,202
697
421
901
442
244
75
25
15
>*
CO
?3
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20
20-25
25-50...
50-100
100-250
250-500..
500-1,000
1,000-5,000
5,000 and over
"3
o
114338—39-
190
STATISTICS OF INCOME
ss
So
_;->o
^ .— CD
1 1 1 1 1 1 1 1«
! i 1 1 ! 1 1 1 1 1 1 ! 1 1 I
! I i 1 1 1 1 ! 1 ! 1 1 1 ! !
CO
1 1 1 1 1 1 1 . 1 1 1 i ~ ) 1 CO
! ! ! 1 ! ! ! ! : 1 1 ! 11
•^
1 tCCUOCC
•>JI
1 1 1 1 1 I 1 1 1 1 1 1 I Cvi o .,(.
^
1 1 1 1 ! 1 1 1 1 I^^U5;00(N
i i i i i i i i ; i
lO
<N
I 1 1 1 1 1 1 1 1 l-#a5co-* oi-*
1 i ! I I.-! 1 I w ^ OS QO CO 00 CO PO
1 1 1 1 1 1 1^ 1 CDOO OCR CO ^ -^
i' ,'.-( 1 1.-I I-H{N1N-H(M-*M— 1 1
00
rt ■-< 1 Im 1^ C^ — . CDOOCMM (M-h
o
^ 1 1 ^H i-^OO'-H i-^OO^CCOCO t
g
C^l 1 1 ^ N Oi ■* f^ ^ ^ O O O ■* iO 1
CO
i0050CS-»JH05-^COtO-^f^t---CC*0»0
OTt<T}<c<3e<5ooioeocot^t~t^^(Mcc
o
00'
3,851
1,240
694
440
375
997
516
287
197
524
383
272
108
73
60
13
o
o
o
3,960
1,289
736
474
411
1,103
582
331
238
623
509
407
138
153
48
CO
Under 1
1-2
2-3
3-4-
4-5
5-10
10-15
15-20
20-25
25-50
50-100
100-250
250-500.--
500-1,000
1,000-5,000
5.000 and over
\ 1 ! ', IrHrt !rf \ l-^N
1 ! 1 1 1 1 1 l!rt \^-v
1 1 I 1 ', \ 1 I^ '-J<rt(M
i 1 1 1 1 1 1 1 —. C» (N ^ 1
\l-^ 1 .' 1—1 Iw IcOC^-i 1
CM— 1 1 1 1 1 1^ 1— ICNCON
^— *ocoecaioo^Gocco-^<N
00 CO <N -H ^ m -H —, c^coc^-H
8.105
1.542
830
488
324
801
310
180
110
270
170
132
35
8.188
1,575
850
504
337
842
330
194
121
303
211
169
60
Under 1
1-2
2-3
3-4
4-5
5-10---- -
10-15
15-20
20-25
25-50 -
50-100
100-250
250-500
STATISTICS OF INCOME
191
,-1-^ M
1 -^
1 1 ; ', ; 1 1 iwcq
■<»<
p 1 1 ! 1 ! ' C4t^ 1
CT>
1 1 't 1 rt tr tc M ui 1
05
1 1 ', (N — O ,* CO X «
s
r-1 cc — 00
CS 1 1 ilM
,-COMOt^>Ot^lNCO-H
CO CO M* ^ ^
1 ', 'i I ,-1 r- CO IN <0 O OC O: ■<)■ M ■ 1
\ ', \ 1 ,.H CC r-i U5 <D O to •- t~ M i 1
,11, CC rf e^
s
^ — — c^ re c^ *o
t^ cc »c oi o; o ^ ^ *c cc c: X X — cc
CCCCC<llMtC-wC^
g
05XINCCO:ClmC-)t0^il50tCCCrt
02«otpc«5(Mc;>occc^;cc,;m
ccior^»o.^OH-,oc^co.^or^csc^c^
CO
1^ X ":> re c^ cc iM — ' ^
t^cnt^cMcot^Or-io-^csccceMxm
xcniocccNt^m^rtMrt
Under 1.
1-2 -
2-3 - -.
3-4.
4-5
10-15
1,5-20
20-25
25-50
50-100. _
100-250
250-,TOO
500-1,000
1,000-5,000...
5,000 and over
'a
o
1 !e>i
1 I 1 ,-(,-( 1 1 .1 c* 1 1 1
t^
O
o
l-l
H
lO
llN \ ! rt CO C^ C^ rH ,-1
CO
O
11
M
w
rn
c^ii-Hi;ii^i(Nrtii
t~
"Z
K
CO-H c^
CO(N— CS CO— -i^C-J-H
C-J
K
1
W
0
<
CO ^ C-» CO -JT t^ CO CS CO >C CO M -1 ■
s:
^HiCOiXCO-^rOtNXt^CDXiOCC,^ 1
<CXXC^OiC^O'<rC^»OC^,-t '
X (N ,-.,-( M ,-1 '
g
o
OOOiCOitOINCOCOOO'tl^XOOCOCD-^
t^cOXC0t^O5C0COC0-^CS00'-»
ioira^o>xxiN>ocoira,-c
CO
too lOM — CO,-l
0<:DO^tOXOOC^COCOC05DCOt>.
■^XC0005h-icO>OCO<OC.),-(
to"
f>. o "5 CO wa< -H
Under 1...
1-2
2-3 .-
S-4
4-5
5-10 -
10-15
15-20
20-25..
25-50
50-100
100-250
250-500
500-1,000
1.000-5.000
>
o
■c
-c
a
§
o
2
o
192
STATISTICS OF INCOME
" 5- „
■g> 5
2r^
O
oJ
u
'4.
M
H
"-io
M
%
W
oR
H
NCS (N t*0
CSOOrH (McD-«J4
CO »C b» CO OS t-f CO
CSOiCOCDC^C^
•-< i-H O t? CS Tf 1-1
»-< rt .-H
5ioas»ccoooco?co>ot^oc^Tj<
coccc^rHcccoor>.iooo»coo^o«-i
CJ C^ -^ C- CO CO c^
tOCl^'«J<COT»<iOC<ICSO'<*<OiOW3T
tJ*CC--lT}<t^CO»-l.-i
C^rJ<,-(Oi'»}^^OS^'»J'Oc
■^ (M t^ CO
) »0 <0 CO t^ "O CO i-t
Ml-^-^t^OiC^OOOOsOCOCO^COiC
"^ro'^iocc'"— ocococst>-cOi-H
COr-H ,-1
I— <_J ^J <."< (.^ ^fcj ^iJ '
f^ OJ O iC Tji o »o (
^ OO I>- CO rH CM i-H
'^Tt^t--<;ooo'«tcoO'-ico^C'<*<cooOi-H»
>f-HOOOCOTj<Tft^-^00-^CS
CO rr" C^ ^ i-H CO i-H
(Mt^CMOiC0O5OiCCOlCMC^»Ot^-^5O'^
_Ht^r-,cDQOCO'^QCOCOCDCO-^CDCO«D
•^OC0'^00O"^-^03C^'<**O'^CSC^
lo *oco Ni-Tio c^i-T c4«-H,-H
»o rH ^ ,-1 CM T^ .-(
1-c C^ CM w 1-H
^iO"^CMCO»OwtO
«^».-i?DiOOOiCDt^
COCOt-COCOCOOSCO'^OOOlt-^COCM
IOCOCOCO»OIO'^'^CM,-1
t^CMCMTt*— i00»O'n''-''^O-- 'COIOCM.-H
Oa>OCO<NCiCMOw,-.CMOO(NC*)CO
CM »-* 1-1 ■-* CM ^ .-.
CO00C0t~-.C0C0<D(OCM»O<OCO00C0CO
iCCM»-HCMi-»>OCM'-«»-iC'.CMCM
<— lOOOCOO^-'--lT^CMOCt>.00<C-C.'-^'
OCOccCi-— •!— 'OiuOi— 'CCTfOiCO-— <r-i
■-•^-TpCMCMtDC^li— I'-HCM.-i
OilCOC'--'COCOQ0005iOO^COTt*CClO
CO-^Tft--I^COTj*T-ir--CDCOCOO'TfCM
occ^iTf"^cDt-TroC'<t*o*oco.-i
05 GO -^ CM r-TcO --T i-T
OO0i0C'0;'^G0OCD"<*<00»Oi-i
s-^CM^-^^i-T t-T
CO
m
w
a
^ j a C^:OrJ< lO
Ph Oi-CMCO^*
> COc
_^0)CMiSi-<l I loo
•-•111 L-LoO(±>oo
lOi— (1-tCMC^liO.— iCMiO'— *iO
'OoSi
iiCOiOOOCgiOi-Hf
-O-T^CMCMiC— < I '±C
. , - _ ,o>ctoo*oo''
ICOTflO'-Hi-HCMCM»O^CMiO'
STATISTICS OF INCOME
193
.-I cs CO cr. 1— 1 1>. <M
CO CO "^ lO CO »-i
t-l CS r- .-i
r-< CO --« Tt^ i-( CO C
: CO CO o; CO T-H
i,-tC^iOCCCOCOO;fCt^'^»-<
COCOCOCCt—COOscOCCOiOC^JCCC^
i>-cococst-ioiocc":).-iiococi(N
CO C^ <M ^ CC i-H ^
t^r-cccoi-ico^b-'
00 '«»' lO cs o »
SCO OOOiO-^
iiocnt^o:-— (t^C^rH
•^C^li-li-l CO^ .-Hi-H
r-tiOcOdt^T-HOsOC^OCiOCii-HMO
Ot— i05ccmc^ocooot^QO»Oi— *
OCOt-^CSOOCS'— iiC'^CCCO'— (
or^cooocr.iocoiOGOt^iocC'^io^co
ot^cocD^Ci-— 'a50'-<o:»ocoi-tcs
iQiOOScOCTSL'^COCC^'— •iCCO'— <
lO o too OCS "
O 1-H CS C^ lO i-l I
CO ' i-H F-H Tt< t I-H O)
^ .-H CS C^ i-(
C^^ iO C* i-H C^ CO C^l CO 1-H
OO-^COCOCCOOCCiOiOOCS^
1— ' CO O »0 10 CD C
< CD b- rJ^CC "5
^O:t^a0O5iCTj4OiTl*C4
ICllM r-H i-H
c^u^t^c^i-«oor~-GO'<t*cO'Oooooooo
-^(M'^t^o.-'cor'-aicooir^t^c^
COOOO-^cOCD'^t-^'^OS'^tN
CO Ir^ -^ C<» 1— I CO ^
Tt<,— i-^,— l(Ni-«,-(irDCOCD-*CO'^t~-C^I
OiCCl^t--OlC*Jrt*'^-^iOiOC-)OOCO'— t
OOO'-HiOcDOO'OOCiCOiOcO
CO 00 -^ iM ^ CO r
I ^
rt CS» CO Tt< lO rH I
Oi-H CN cs u:;
.li
I— 'i-INro"*"Oi-li-IIM(Mm,-IIMit3i-l
3 » O
o ^ g
O p '-
® « •
g 03 p.
gpc»
*, o ©
a >< tJ
a-s5
.S.2«"S
§8S?55
© n o X .
c-
" °S a.'2
©
XJTJ
..
■o
>
0
TI
t^
C3
S
a
e8
cS
a
£
.S
-S
3
a
o
•nx:
."a
c
o
o
, -,
c
o
©
>
a
h
c
0
3
X3
«
1
>
o
©
03
d
a
ja
a
n
rfl
o
_o
Ui
"S
©
a
-2
3
o
d
o
a
o
^
p
T3
3
©
O
a
o
>
© a
aJ'O
3
a
n
(1
©
£
o
£1
a
2
=8
M
Ti
©
rtl
a
03
d
a
s
"©
o
■d
a
o
g
C3
©
©
s
§R«03
a
© t-
a
o
m
'S
-^
© O
o
Si
a
'S
o
©
o
o
p
ti
a
d
©
©
H
•^
^
TI
d
3
"a
^
■^
"o
;d
«
-^
^
£
©
3
a
M
s
©
n
3
>
a
o
o
a
O
©
"2
©
o
©
3
J2
>
g
<a
-1
e
©
a
T)
a
©
a
©
j:
3
"2
>
5
^
a
O
©
©
REVENUE ACTS OF 1913-1936
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT (1933)
ALSO THE SPECIAL EXCISE TAX UNDER
THE ACT OF AUGUST 5, 1909
A SYNOPSIS OF
CORPORATION INCOME AND PROFITS TAX RATES
AND CREDITS AFFECTING THE COMPARABILITY
OF DATA IN " STATISTICS OF INCOME "
195
196
STATISTICS OF INCOME
Corporation income and profits tax rates and credits, under the Revenue Acts of 191S
(1933), also the special excise tax rate
Revenue act
Income year
Income tax
Specific
credit 3
Taxable income * »
1909 (excise tax) (Aug.
5, 1909).
1913 (Oct. 3, 1913).
1916 (Sept. 8, 1916).
1909 through Feb.
28, 1913.
Mar. 1, 1913,
through Dec.
31, 1915.
1916 -.
$5, 000
1916 as amended and
1917 (Oct. 3, 1917).
1917.
1918 (Feb. 24, 1919).
1918.
1919, 1920.
1921 (Nov. 23, 1921)....
1924 (June 2, 1924)
1926 (Feb. 26, 1926)....
1928 (May 29, 1928)....
1932 (June 6, 1932)
National Industrial Re
covery Act (June 16,
1933). i»
1934 (May 10, 1934) ....
1935, (Aug. 30, 1935)...
1936 (June 22, 1936)....
1921
1922, 1923.
1924
1925
1926, 1927.
1928
1929-
1930
1931
1932, 1933.
1933
1934, 1935.
1936
2,000
2,000
2,000
2,000
2,000
2,000
3,000
3,000
3,000
3,000
Net income in excess of specific credit.
All net income...
.do.
Dividends out of earnings Mar. 1, 1913,
through Dec. 31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for the current year,
and (2) dividends received out of
earnings Mar. 1, 1913, through Dec.
31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for the current year,
and (2) dividends received out of
earnings Mar. 1, 1913, through Dec.
31, 1917.
Net income in excess of the sum of (1)
the specific credit, (2) e.xcess-proflts
and war-profits taxes for current
year, and (3) interest received on
United States obligations issued after
Sept. 1, 1917.
Net income in excess of the sum of (1)
the specific credit, (2) excess-profits
tax for current year, (3) excess-profits
and war-profits taxes on income from
Government contracts, (4) interest
received on United States obliga-
tions issued after Sept. 1, 1917, and
(5) War Finance Corporation bonds
not exempt.
...do
Net income in excess of specific credit '3.
...do
.do-
.do.
-do.
.do.
.do.
.do.
All net income ".
....do. 13
1936 (seep. 2).
'Normal tax net income: 21
Less than or equaling $2,000
Exceeding $2,000 or equaling $15,000.
Exceeding $15,000 or equalling $40,000.
Exceeding $40,00C _
'Undistributed net income": «
First 10 percent of adjusted net in-
come 2'
Next 10 percent of adjusted net in-
come
Next 20 percent of adjusted net in-
come
Next 20 percent of adjusted net in-
come
Remainder of undistributed net
income..
For footnotes, see p. 198-200.
STATISTICS OF INCOME
197
through 1936 and certain tax provisions of the National Industrial Recovery Act
and credit under the act of Aug. 5, 1909 '
Excess-profits tax '
Tax credit for income and
profits taxes paid to
Credit
Taxable income < '
Rate
(percent)
foreign countries or
United States posses-
sions
[$3,000 « plus: An amount equal to the
same percentage of Invested capital '
for the taxable year as the average
annual pre-war income was of pre-
war invested capital (not less than
7 percent nor more than 9 percent) ;
or if corporation was not in existence
1 during at least 1 whole year of the
] pre-war period, 8 percent of invested
capital for taxable year; or if during
either no net income or a very small
net income or if invested capital can
not be determined, same percent as
that of representative corporations.
(See sec. 210, Revenue Act of 1917.)
$3,000 « plus 8 percent of the invested
capital ' for the taxable year.'
do.
Net income equal to 15 per
cent of invested capital
less credit.
Net income in excess of 15
percent but not in excess
of 20 percent of invested
capital.
Net income in excess of 20
percent but not in ex-
cess of 25 percent of in-
vested capital.
Net income in excess of 25
percent but not in ex-
cess of 33 percent of in-
vested capital.
Net income in excess of 33
percent of invested cap-
ital.
Net income equal to 20 per-
cent of invested capital
less credit.
Net income in excess of 20
percent of invested cap-
ital.
Net income equal to 20 per-
cent of invested capital
less credit.
Net income in excess of 20
percent of invested cap-
ital.
do
20
25
35
45
60
•30
65
10 20
40
For 1917 and prior years,
income and profits tax-
es paid to foreign coun-
tries or United States
possessions were not
allowed as tax credit,
but were included in
general deductions
from gross income, ex-
cept that taxes paid to
foreign countries were
not allowed to foreign
corporations.
Amount paid or accrued.*
Do.«
do.'i
Do."
Do."
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.i'
(121-^ percent of adjusted declared value
1 of capital stock.
do
Net income in excess of
credit.
do.2o
} =
5
6
12
Amount paid or accrued."
10 percent of adjusted declared value cf
capital stock.
Net income 2" in excess of
10 percent and not in
excess nf 15 percent of
adjusted declared value.
Net income in excess of 15
percent of adjusted de-
clared value.
198
STATISTICS OF INCOME
Corporation income and profits tax rates and credits, under the Revenue Acts of 1913
(1933), also the special excise tax rate and credit
Kevenue Act
Income
year
War-proflts tax 2
Credit
Taxable income
Rate (percent)
1918 (Feb. 24,.
1919)
1918
$3,000 » plus either an amount equal to
the average pre-war net income plus
or minus 10 percent of the increase or
decrease of invested capital ' for the
taxable year as compared with aver-
age pre-war invested capital, or 10
percent of the invested capita! for the
taxable year, whichever is greater.^'
80 percent of net
income in ex-
cess of war-
profits credits.
1008 (less amount
of excess-prof-
its tax).
Surtax rates for personal holding companies "
Revenue Act
Income year
Taxable income: Undistributed adjusted net income
Rate
(percent)
1934-
1936.
1934, 1935.
1936
Less than or equaling $100,000
Exceeding $100,000
Less than or equaling $2,000
Exceeding $2,000 or equaling $100,000
Exceeding $100,000 or equaling $500,000..
Exceeding $500,000 or equaling $1,000,000
Exceeding $1,000,000
Reference to notes mean the notes of this synopsis.
1 All corporations are required to file returns regardless of amount of net income or loss, except those
exempted by specific provisions or the law.
Under the Revenue Act of 1909, corporations were required to file returns on a calendar year basis; unde'
subsequent revenue acts corporations were permitted to file returns on a fiscal year basis, other than that
ending Dec. 31, except that under the act of 1921 and subsequent acts life insurance companies are
required to file on a calendar year basis in accordance with the State laws regulating insurance companies.
Foreign corporations arc required to file income tax returns for all income from sources within the United
States, regardless of amount, and are entitled to the statutory deductions allowed against such income,
except that for 1936, foreign corporations not engaged in trade or business in the United States and not having
an office or place of business therein, being liable to tax only upon their fixed or determinable annual or
periodical income from sources within the United States, are not required to file returns unless the total tax
has not been paid atgource. When filing returns, such foreign corporations are not allowed any deductions.
From Jan. 1, 1918, through Dec. 31, 1021, personal service corporations were treated as partnerships.
Prior and subsequent to said dates, such corporations were taxed as other corporations. For 1934 and sub-
sequenit years, personal holding companies (as defined in sec. 351(b), Revenue Act of 1934) are required to
file returns for surtax, in addition to the corporation returns for income and excess-profits tax. (For rates,
see page 54.)
2 For the years 1918 through 1921, the war-i)roStb and excess-profits tax of foreign corporations, and for 1921
the war-profits and excess-profits ta.v of corporations deriving a large portion of their gross income from
sources within a possession of the United States, is computed by comparison with respresentative corpora-
tions whose invested capital can be satisfactorily determined and which are engaged in a like or similar trade
or business and similarly circumstanced. (See sec. 328. Revenue Acts of 1918 and 1921.) (See note 7.)
» Specific credit allowable to domestic corporations with net income of $25,000 or less, 1921 through 1931,
except domestic corporations deriving a large portion of their gross income from sources within a possession
of the United States, 192S and subsequent years; not allowable to foreign corporations, 1918 and subsequent
years.
* In arriving at the net income subject to income tax for the years 1917 through 1921 there is allowed as a
credit the amount of excess profits tax (and for 191S through 1921, the war-profits tax); for 1933 through 193!^
no credit was allowed for excess-profits tax in arriving r.t net income subject to income tax, nor was a credit
allowed for income tax in iirriving at net income subject to excess-profits tax; for 1936 the amount of excess-
profits tax is allowed as a credit ia arriving at the net income subject to income tax.
' Net income means "statutory" net income, :. e., the excess of gross income over deductions as defined in
the various revenue acts. Foreign corporations report only income from sources within the United States;
for 1921 and subsequent years domestic corporations deriving a large portion of their gross income from
ources within a possession of the United States report only income from sources within the United States,
or income from sources within or without the United States, received within the United States. (See sec.
262 of the Revenue Acts of 1921, 1924, and 1926 and see. 251 of the Revenue Act of 1928 and subsequent acts.)
Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
>fter Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a
reasonable amount in business deductions for 1918 through 1921.
(6) Dividends received on stock of all corporations liable to the tax imposed by the Revenue Acts of 1909,
1917, and 1918 are ded'uctible. (Such deductible dividends are not included in the amount of gross income
shown in "Statistics of Income" for 1918 due to the fact thpt on the return these dividends were designated
as nontaxable income.) Under the Revenue .\cts of 1913 and 1916, dividends are not deductible. Under
the Revenue Acts of 1921 through 1934 there may be deducted the full amount of dividends received
from domestic corporations and from foreign corporations deriving a certain amount of income from sources
Within the United States; but under the Revenue Act of 1935, only 90 percent of the amount of such divi-
STATISTICS OF INCOME
199
through 19S6 and certain lax provisions of the National Industrial Recovery Act
under the act of Aug. 5, 1909 — Continued
Revenue Act
Tax on income from Government contracts
Income year
Taxable income
Rate (percent)
1918 (Feb. 24, 1919). .-
1919,1920--..
1921
Total amount of net income de-
rived from Government con-
tracts made between Apr. 6,
1917, and Nov. 11, 1918, if in
excess of $10,000."
do...
Excess-profits and war-
1921 (Nov. 23, 1921) ..
profits tax rates of
Revenue Act of 1918,
as limited by sec.
301(c).
Do.
dends were deductible, which provision, however, was superseded by the Revenue Act of 1936, which
provides for a credit against net income of 85 percent of such dividends for 1936 and subsequent years.
These deductions are not allowed for dividends from corporations deriving a large portion of their gross
income from sources within a possession of the United States, nor for dividends from China Trade Act
corporations, Under the Revenue Act of 1932 and subsequent acts dividends from tax-exempt corpora-
tions are not deductible, and under the Revenue Act of 1934 and subsequent acts foreign dividends are not
deductible. For 1936 and subsequent years, mutual investment companies are not allowed the credit for
dividends received but are allowed the credit for dividends paid. (See sec. 13(a) (2) (3), Revenue Act of
1936.) For deduction of dividends paid on preferred stock, by certaita incorporated banks and insurance
companies, to the United States or to any instrumentality thereof which is exempt from Federal income
taxation, see section 121 of the Revenue Acts of 1934 and 1936, which section was added to the Revenue
Act of 1934 by Public, No. 374, 74th Congress.
(c) For 1936 and subsequent years, corporations (including insurance companies other than life or mutual)
are permitrted to include in deductions against gross income, the amount of charitable, etc., contributions
not in excess of 5 percent of the net income computed without benefit of the deduction for contributions.
(d) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are en-
tirely deductible, e.xcept that for 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than
capital assets and other than bonds issued by a government or political subdivision thereof) are allowed
only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any
excess loss thus disallowed, computed without regard to any losses sustained during the preceding taxable
Y^BX, is, to an amount not in excess of the taxpayers net income for the taxable year, considered as loss
sustained in the succeeding taxable year from sales or exchanges of stock or bonds other than capital assets.
Thehmitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply to dealers
in securities, banks, or trust companies. (See sec. 23 (r), Revenue Act of 1932.) However, section 218 (b)
of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, section 23 (r) (2) of the Revenue
Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or bonds (other
than capital assets) to gains from similar transactions during the same taxable year and prohibiting the
carrying forward and application of such losses to gains from similar transactions in the succeeding taxable
year. By the Revenue Act of 1934, the definition of capital assets is broadened to include all property
held by the taxpayer, whether or not connected with trade or business, regardless of period held, except
stock in trade, property which would be included in inventory, or property held for sale in ordinary course
of business or trade. For 1934, and subsequent years, corporations are permitted to deduct capital losses
to the extent of $2,000 after subtracting the amount of capital gains (such deduction not to exceed the actual
net capital loss), except that this limitation does not apply to losses sustained by certain banks and trust
companies on the sale of certain bonds, etc. (See sec. 117 (d). Revenue Acts of 1934 and 1936.)
(e) Net loss for prior year resulting from the operation of any trade or business regularly carried on by
the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior
to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the
preceding year, a redetermination of taxes for the preceding year being made. When the net loss exceeds
the net income for the preceding year the amount of such excess is to be deducted from the net income of
the succeeding taxable year. The Revenue Acts of 1921 through 1928 provide that net loss in any year
beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if
such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in
the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931 shall be
allowed as a deduction in computing net income for one succeeding taxable year only. However, section
218 (a) of the National Industrial Recovery .\ct repeals, effective as of Jan. 1, 1933, sections 23 (i) and 117
of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the current
taxable year a net loss for the preceding taxable year. There is no provision in the Revenue Act of 1934 or
subsequent acts for deduction of net loss for prior year.
(/) For insurance companies, see special provisions in the various revenue acts.
6 The $3,000 credit not allowable to foreign corporations.
' Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year)
and exclusive of inadmissible assets as defined in the revenue acts. (See sec. 207, Revenue Act of 1917, and
sees. 325 and 326. Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of invested
capital which net income from sources within the United States was of the entire net income. For the years
1918 through 1921, it was not necessary for foreign corporations to report invested capital, and for the year
1921 it was not necessary for corporatinns deriving a large portion of their gross income from sources within a
possession of the United States to report invested capital. (See note 2.)
• Provided that in no case shall the sum of the excess-profits tax and the war-profits tax for the year 1918
be more than 30 percent of the net income in excess of $3,000, and not in excess of $20,000, plus 80 percent of
the net income in excess of $20,000. (See sec. 302, Revenue Act of 1918.)
' Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a tax
credit or in general deductions for the years 1918, 1919, and 1920.
'« Provided that in no case shall the tax be more than 20 percent of the net income in excess of $3,000 and
not in excess of $20,000 plus 40 percent of the net income in excess of $20,000. (See sec. 302, Revenue Act of
1918.)
(Footnotes continued on p. 2(K))
200
STATISTICS OF INCOME
•' The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States.
n Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is
taken, that the taxpayer's net income from sources without the United States bears to the entire net income.
This credit does not apply to foreign corporations or to domestic corporations deriving a large portion of
their gross income from sources within a possession of the United States, but to such corporations these
taxes are allowable as a deduction from gross income if imposed upon income from sources within the United
States. For the years 1921 through 1931, the amount of income and profits taxes paid to foreign countries
or United States possessions in excess of that deducted as a tax credit is permitted to be included in deduc-
tions against gross income. (See note 17.)
13 For 1922 and subsequent years, corporations are allowed, as a credit against net income for income tax
purposes, the amount received as interest upon obligations of the United States which is required to be
included in gross income (e. g., see sec. 236 (a), Revenue Act of 1924). For 1922 and subsequent years,
China Trade Act corporations are entitled to a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
i< Not allowable to China Trade Act corporations for 1922 and subsequent years.
" Income of domestic insurance companies, exclusive of mutual companies other than life, taxable at
12^/^ percent.
'» See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of
income tax for 1929.
" For 1932 and subsequent years, the taxpayer may elect to credit the income and profits taxes paid to
foreign countries or United States possessions (with certain limitations) against the income tax liability to
the United States, or to include the entire amount of such taxes in deductions against gross income. (See
sees. 131 and 23 (c) (2), Revenue Act of 1932 and subsequent acts.)
" The rate of tax on consolidated returns for 1932 and 1933 is 14H percent, except for returns with fiscal
year ended in 1934 on which the tax attributable to 1934 is at the rate of Mn percent. (See sec. 218 (e),
National Industrial Recovery Act.) The rate of tax on consolidated returns witli year beginning on or after
Jan. 1, 1934, is 15?i percent. Under the Revenue Acts of 1934 and 1936 only railroad corporations are per-
mitted to file consolidated returns.
" Sep note 5 (d) and (e) and note 18.
" For 1934 and subsequent years, interest on Liberty bonds, etc., which is required to be Included in gross
Income, is included in net income for excess profits tax computation. Under the Revenue Act of 1936 a
credit against net income for excess profits tax computation, is allowed, equal to the credit for dividends
received, provided in section 26 (b). (See also note 13.)
'1 "Normal tax net income" is net income less (1) credit for interest received on obligations of the United
States and its instrumentalities and (2) credit of 85 percent of the amount of dividends received from domes-
tic corporations subject to tax. Mutual investment companies may also claim as credit the amount of
dividends paid.
" Certain corporations are not liable for the normal tax and surtax, as provided in sections 13 and 14 of the
Revenue Act of 1936, but are taxable at the following rates: Insurance companies, 15 percent; banks or trust
companies, 15 percent; corporations entitled to benefits of sec. 251, 15 percent; China Trade Act corporations,
15 percent; foreign corporations, resident, 22 percent; nonresident, 15 percent (except dividends, which
are taxable at 10 percent unless such rate be reduced by treaty with contiguous country to a rate not less than
5 percent. See sec. 231, Revenue Act of 1936).
" "Undistributed net income" subject to surtax is "adjusted net income" (see note 24) less a credit for
amount of dividends paid. The following corporations are not subject to the surtax on undistributed
profits; (a) Banks, (6) domestic corporations which for any portion of the taxable year are in bankruptcy,
(c) insurance companies, (d) foreign corporations, (e) corporations deriving a large portion of their gross
income from sources within a possession of the United States, (/) corporations organized under the China
Trade Act, 1922, (g) joint stock land banks.
" "Adjusted net income" is the net income less (1) the normal tax and (2) the credit for interest re-
ceived on obligations of the United States and its instrumentalities. When the "adjusted net income"
Is less than $50,000, a specific credit is allowed. (See sec. 14 (c). Revenue Act of 1936.)
" If corporation was not in existence during the whole of at least one calendar year during the pre-war
period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same
percentage of Invested capital for the taxable year as the average percentage of net income to invested capital
for the pre-war period of representative corporations, but such amount shall in no case be less than 10 percent
of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918 ■*
'• A corporation subject to this tax was exempt from the excess-profits tax.
" For definitions of personal holding companies, see section 351 (b). Revenue Acts of 1934 and 1936.
Noi E . — For the year 1917 there was also a tax of 10 percent upon that portion of the total net income remain
ing imdistributed six months after the close of the taxable year, in excess of the income actually employed in
the business, or invested in obligations of the United States issued after September 1, 1917.
For the years 1918 through 1920, a corporation that permitted an unreasonable accumulation of profits was
not subject to the ordinary corporation income tax, but the individual stockholders were taxed upon their
proportionate shares of its net income, under the individual income tax law.
For the years 1921 through 1923, an additional tax of 25 percent was imposed upon the taxable net income of
a corporation where it was shown that there had been an evasion of surtax as the result of an unreasonable
accumulation of profits. This additional tax was increased to 50 percent for the years 1924 through 1933, with
the provision for 1926 and subsequent years that the additional tax shall not apply if all the shareholders of
the corporation include in their gross income tneir entire distributive shares, whether distributed or not, of
the net income of the corporation for such year, with the added provision for 1936 and subsequent years that
90 percent or more of such retained net income be included in the gross income of shareholders other than
corporations. The rates of tax on corporations improperly accumulating surplus (other than personal hold-
ing companies) for the years subsequent to 1933, follow:
Revenue Act
Income year
Taxable income
Rate
(percent)
1934
1934, 1935
1936
Adjusted net income less than or equaling $100,000-.
25
35
1936
Adjusted net income less than or equaling $100,000--
"15
"25
• For corporations not subject to the surtax on undistributed profits, these rates are 25 and 36
percent. (See sec. 102, Revenue Act of 1936.)
INCOME TAX FORMS
201
FACSIMILES OF CORPORATION INCOME TAX RETURNS FOR
1936, FORMS 1120, 1120L, AND 1120H
1120. Corporation income and excess-profits tax return.
1120L. Life insiu-ance company income tax return for companies
issuing life and annuity contracts, including combined life, health,
and accident insurance.
1120H. Personal holding company return.
203
204
STATISTICS OF INCOME
RETURN rORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN
Form 1120
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURN
Page 1 of Return
For Calendar Year 1936
or Fi.c«I Year bcEun _, 1936, and anded 1M7
(ABdliw'a Stoov)
r«i«
SwUI
(tMt«M(U»fDHlb«)
Dirtrkt „ ^
CMb Check M. O. Orl.«ftwL
In IrTcqMdin of Any SUUioenlj, Schedules, w Report* Su!»iiUed Herewith
s
EXCESS-PROHTS TAX COMPUTATION
J. Value of capital stock as declared in vour capi-
tal-Btock tax returo for vear endetl June :>0,
$
lion No.
7. Net income subject to excesB-profita tax
1936 (or your capiUl-etock tax return fur year
ended June 30, 1937, if vour income tax fiscal
year began in 1936 and ended on or after July
31,1937) ^_ ...
8. AmouDt taxable at 6 percent (item 7 or 6 per-
r#Hil. ^f if^p^ J, whirhf^pr « I"*™) .,
9. Amount taxable at 12 percent (item 7 mlnue
it*.m m
$
2. Net income for excess-profits tax computation
(item 27. page 2). _ _
$..
3. heBBi Dividends received credit (85 percent of
item 12 (a), page 2)
10. Exceas-profits tax at 6 percent (6 percent of
11. Excess-profits tax at 12 percent (12 percent of
item 9) _
12. Total cxcese-profita tax (total of items 10 and
111 _
$...„.
fi. Less: 10 percent of item 1
6. Net income subject to excess-profits tax (carry
for^-ard as itcjn 7)
$
S
parent corporatic
INCOME TAX COMPUTATION
NORMAL TAX •
13- Net income for Income tax computation (item 29, page 2)
14. Less: Intere6t on obligations of United States, etc. (item 8, page 2)..
15. Dividends rcceii
credit not alio
17. Normal-tax net i
i items 14 and 16 or 14 and 16)..
18. Tax on portion of item 17 cot i
»ce68 of S2,000
js of $2,000 and not i:
B of $15,000 and not i
. Tax on porti
, Total Nohi
Tax (Amount of tax in items 18 to 21, inclusive) ^ _
•□Foreign corporations ocgaged in trade or businees within the United States or having an office or place of busincns therein
are taxable at the rate of 22 percent on item 17, and □ certain banks and trust companies (see Instruction 31). D corporations
entitled to the benefits of Section 251 of the Revenue Act of 1936, D corporations organized under the China Trade Act, 1922,
and D intsurance companies are taxable at the rate of 15 percent on item 17, instead of at the rates prescribed in items 18 to 21,
inclusive, above. In such coses the amount of tax should be entered as item 22, and the taxpayer's claeeificatioo should be indi-
cated by a check mark ( V) in the appropriate box space in this note.
SURTAX ON UNDISTRIBUTED PROFITS
(5ce /na/rucdon SS respecting corporatioru exempt fTot\
. Net income for surtax computation (item 29, page 2).. „
. Lcsg: Normal tax (item 22, above) „ Is I..
Interest on obligations of United States, etc. (item 8, page 2) „
Credit allowable to holding company affiliate (see Instruction 33)...
Credit allowable to national mortgage as&ociatioo (see Instruction 34)
, Adjusted net income (item 23 minus items 24-27)
. Less: Dividends paid credit (see Instruction 35)
Credit for contracts restricting dividend payments (see Instniction 36)1
31. Undistributed net income (item 28 min
32. Less: Specific credit allowable onlv wh
(item 31 or $5,000, whichever
33. Remainder subject to surtax (item 31 i
items 29 and 3i
? adjusted net i
ess, minus lO^e
IU9 Item 32)
of r
,em 28.
lof ii
a33i
s of 20% and not in €
s of 40% and not ine
Bof40%
Bof"eo%
Tax on portion of item 33 in excess of 00% of itor.i 2S
Amount of tax in items 34 to 38, inclusive
Plus: 7% of amount of specific credit (item 32)
Total Sctbtax (item 39 plus item 40)
Total Normal Tax axd Scrtax (itefti 22 plus item 41)
Less: Income tax paid to a foreign country or United Stotes possession by a domestic corporation (see I;
1 42 I
1 43V.
STATISTICS OF INCOME
205
Pag« 2 of Return
Date of incorporation _ Under the laws o( what State or country .
The corporation's books are in care of Located at ...
of how many corporations?
If this is not a consolidated incomo tax return of railrond corporations, did the corporation at any time during its taxable year own
SO percent or moro of the voting stock of another corporation or corporations? If so, attach separate schedule show-
ing with respect to each corporation: (1) name and address of corporation, (2) percentage of stock owned, (3) date stock was acquired,
and (4) the collector's oflSce in which the corporation's incorne tax return for the taxable year was filed.
Is the corporation a personal holding company within the meaning of Section 351 of the Revenue Act of 1936? (If so,
an additional return on Form 1120H must be filed.)
NET INCOME COMPUTATION
GROSS INCOME
(&) Material or merchandise bought for manufacture or sale..
(c) Mifloellancoua costs (frc
0) Salaries and
wages, $
(d) Total of lines (<i), (&), and (e) .
(•) Leas inventory at end of year. — ™~_
, Grosa Profit from Salce (Item 1 minus Item 2) :
, Oroea Receipta (where Inventories are not an income-detenniniog factor).
. I>esB cost of operolionfl (from Schedule A, Column 2):
(a) Salffnea and (6) Other
wages, $ , , ; costa, $ ^ ; Total,
, Gross Profit wtere imrontories are not an income-determining factor (Item 4 minus Item 6) — .^
. Interest on Loana, Notea, Mortgages, Bondfl, Bank Deposits, etc — — .—
, Interest on GovcmmeDt obligations, etc. (from Schedule M, Linea 4 (o) (6) and (7))
. Capital Gain or Lov (from Schedule B) (If loss, enter auch loaa or $2,000, whichever ie less)
. Dividends on Stock of:
(a) Domestic Corporationa subject to taxation under Title I of Revenue Act of I936.__„
(b) Domestic Corporations not subject to taxation under Title I of Revenue Act of 1936
(c) Foroign Corporations. .. — — — ^ >,— „ — ■——....
!. Other Income (State nature of income) (Use separate echedule, if neceesary)..........^. ■..—.....- >
i. Total Iwcomb in Items 3 and 6 to
, Compensation of Officers (frc
, Rent on Busineaa Property.^
DEDUCTIONS
1 Schedule C)
17. Repairs (from Schedule E): (a) Salaries and Wagea, $ ; (6) Other Coets, $..
19. Interest Paid (from Schedule G),.._
Schedule H). (Do not Include Federal Excess-Profits Tax Reported i
Schedule I) ;. ■
. Contributions or Gifts (fi
, Losses by Fire, Storm, etc. (from Schedule J)—
, Depreciation (resulting from exhaustion, wear and tear,
, Depletion of Mines, Oil and Gas Wells, Timber, etc.
, Other Deducti.
obsolescence) (from Schedule K)„
(Submit schedule, see Instruction 24)„
Authorized by Law (explain below, or on separate sheet):
<a) Salaries and wages. (Not included in Items 2, 6, 15, or 17 above)„„„
(6) Stock determined to be worthless during the taxable year _.^
W ^-.,
Total DEDncrroNs in Items 15 to 25, iNCLusm:
Net Income por Excess-Proitts Tax CoiiprrATioN (Item 14 i
liESs: Federal ExcEss-PRorrrs Tax (Item 12, Page 1)
Net Incoub for Iwcomb Tax Computation (Item 27 mini
114338—39-
-14
206
STATISTICS OF INCOME
Pa^ 3 of Return
SCHEDULE A
(See Instructionff 2 and 5)
1. COST OF SALES (WHESE INVETfTORlES ARE AN INCOME^DETCJIMINING FACTOR)
2. COST OF 0PEHAT10NS (WHERE INVSNIORlEi AM NOT »N mCOME-DETBlMnaNC FACTOR)
,„.,
t^ST,)?^Sa
...»
AMOUTrr fEoter as
Uoii.t.i>«.a
.
■S^l.riM .nH »> ™
Oth> U '
1
SCHEDULE B— CAPITAL GAINS AND LOSSES (FROM SALES OB EXCHANGES ONLn (See Instruction
U)
,,T,.^™.„
--"
3. DilESOLD
(Conlrect price)
6, Cost
°£"E;^?E°
'sSo;^Jl'M»l!s
j^^iSi^S
0. QiBf OH Losa
Mo. Dag Ytaj
Mo. Dav y^i'
s
s
$.,
.._..
.._..
.._..
Gain or Lobs (enter net amount as Item 1 1, page 2; if net amount is a loss, enter that amount or S2,000, whichever is less)
s
State (I) how property wfla acquired ..y _ ; (2) whether at time of sale or exchange purchaser owned more than 50%
In value of your outstanding stock
Every sale or exchange of stock should be reported in detail, including name and address of corp>oratioa, class of stock. Dumber of shares, capital changes
affecting basis (stock dividends, other nontaxable dividends, stock rights, etc.)-
Copt of property must be entered in column 5 if a loss is claimed in column 9.
SCHEDLXE C— COMPENSATION OF OFFICERS (See laetruction 15)
1. Name A<n> Acquess or OmcES
.o^e^T...
'■ITb?£S°
SU»» O, StO« 0.»EI>
lAMOo.TorC
"oM~
,. Common
s.pioiai«l
Itsm IS. FAC« Z)
_ - _.
.._
.._
Note: Schedule C-1 (IN DUPLICATE) also must be filed with this return if compensation i
9 of 315,000 was paid to any officer or employee.
SCHEDULE D— INCOME FROM DIVIDENDS (See iDstruction 12)
Itemize below all dividends received during the year, stating the
and the name and address of the corporation which declared the dtWdcod:
SCHEDULE R-COST OF REPAIRS (See Instruction 17)
SCHEDULE P— BAD DEBTS (See Instruction 18)
LITEMS
M lt«m 17, p«^ 2)
..v^
=.«„«„-.
'I.S^''
4. Baj> Debts
* -
S
1934...
-
„ _
1936...
SCHEDULE C— INTEREST PAID (See Instruction 19)
). To WnoM Vtm
'-JS^
1». IOOT»
SCHEDULE H— TAXES PAID (See Instruction 20)
1, Nature or Tai
..T0W»0>.PA»
■uIt«m20,[«B»
J
STATISTICS OF INCOME
207
Page 4 of Return
SCHEDULE l-CONTRODTIONS OR GIFTS (Sea InstrucUon 21)
■.N«.^A».^o,0..^r,<»
.*.o™.
- -
-
,
Total (Enter a
8 Iter
Q 21, paee 2, subject to 5% limitation (see Instruction 21))
S-
~
SCHEDULE J— EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE,
3TORM. ETC
(S
ee Instruction 22)
1. ElXD 0? PEO?EBTt
...,,.^^
3. Cosr
USvJJSS
AUOWADU) Sixes
'^ij^rj^
7. DESTi-TIIlLS Losi
S
s
$
1
--
■■-
£tate bow property waa acquired ..
SCHEDULE K— EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruct!
. ElKDOP PROPSRTT
(iDdime
DEniEXUTED IM USS
AX End or Ykas
I. Reu^yiNo Cost
. CtMck tb« block ti
Pdo^ mad hlcfrrd product
J — |B&k4r7 «nd oonftcllonefy
I — iCaaaed prodocts— aih, fri
I — IMUI prodjcifr— bna, flour
I — [ Packice-botue prodBcts— i
I — I Sugar— b«ct. cute, meple: i
pnBavuaeas, Mfc drinks, mill
r~~|BrewIag and distilllas— Ji
I — iTabAcco prcduCU.
f eooda— boou, ihwa, hoae. a
Is wmUl and plinlsg tolD prMuctS.
□ CotbJD Eoods— dress bomIs. ttc; OApplac,
dyolBK-
□ Wonlea u)d wonUd erods— drass goods, etc;
wool puUtng, scounag.
I |8Uk &iid rayon goods— drasa goois. Uirown
j — I Carpets, floor ooverto^ tapestrloi, Unoloiun.
I — lOtber t£itil(is--oord, felL tur, Uoea. artiflcla]
[""iClotMog— oistom-mado, bctorymade, oadar-
I — I Koit gocds— swoitMS. hosiery, etc.
I — |L<«tbM boots, Gbou, sUpperT, etc
I jOlhar kttther prodjcts— saddJary, baTDosB,
LJ flc^
I — I Bone,
j |0!b« wo«>d prc<hict»— carriages,
[ j Paper. puJp and products,
j — I PrintlBC. pubUsblng, and allied
□ Petral«uii acd other ndaeral oU refloiDg aod
products.
I — I products, etc
I j A lliod cbeaJcal subet&ocee, drugs, oils, soaps,
, I Palota, plgmasts, Tanilsbcs, etc
] — iPertakan.
I [SisBe. day. glaa, uid ralatad prodacta.
□ Iron and Med— products of blast romacea, roD-
Ing mlUs, rouudjlcs.
I I Loixisotlvc] and ralkooJ oqulpaicnt-
J — I Motor Tab Idas, oomplete or parts.
in in wblcb tbe corporstlos'i main Icoom»produ»
M AKUFACTT;RING-(Coa!lnued)
I — iMscbioery— (aclory. ii»d In producins food.
Mono. c1a7. giZ'iS, leitilo ood wnoi products!
I — [Mochiner?— electrical and equipment.
I — jMocblDcry— other, bundinfT.constniction. gaa
I — ] OtEce e<;alpaieol.
I — jM'.lal buiiJicc material and equipment.
I — inardware, IxU, etc.
I — I Precious metal, products aad pronssM.
I — lOtbor metals, products and prooessoa.
MtseellaDcwis Danolketarliig:
rn Radios, complete or parts.
I — j Musical, profe£9loiLtl. and selentUJe Instm-
1 — lAlrpUaef, atshlpo, scsplacas: parts.
I — iReiafl.
I — ] WhoIesaJe ao4 relalL
I — [ Other trade— npalr sorrlca, ttraga. etc.
□ Bantsr-nfltlonal, State, prirata, bbtIdk
)olnt%tock [&Qd bai^ka.
I — jStock and bond brokeia, loTestment bankers
I — I Real ftsuta, i^tr bolding, rtnl estate agents.
I I Insoranca compantes (not ageats).
□ Inv-estment trusts, stock aT&dlcates, stock
h.:Idlng companies,
j I Other flaan(»— loan orimpanles. bufldinj and
br^Jfcrs; losunuif* ttgenta.
□ A«rlcii1tiir« and rwlala! industries, Indudlog
flsbinf, .'jreatry, Ico-harvestlnc leasing such
[— jMlnlng «n?l qmrrybyi. Including gu and oil
□ CanatnictloD— aicaTatlona. bndioE. buildings,
i^n.^d^, stJiSi equipping and '""'Vig
I — I Storaite— cold storage, gmln elevators, war>
I — tPnblk n till tic*— tJectrl; Ugbt or power, gas
telephone. nuUo, -rater-wor^ heal supply,
toll bridges etp-: toasing such atdliies.
business, a&usemeot.
AFFTUATIONS WITH OTHER
(Sea InstnictJoa 39)
bo BUed In. sworn ^^, and S.
PSEDECCSSOR BUSINESS
bosinossas In eitstence ijurlng this or an;
uswcr Is "yes", gin name end addraa
praoe<llne
prior roar since December 31,
ot, <leMriba folly vh^t otbot b
BASIS OF RETCRN
if cash race[pts and disburaemaatsT ..
PBSPABATION OF SETCBN (9ee *^S]CBataK« and YcrlflcatiMi**. pace 6)
SCBEDUL^
is return, gtrlng [or each a br
corporation shoold beplaoed on each s
aoeompanrlng the rotnia. .
208
STATISTICS OF INCOME
Pa^ 6 of Return
SCHEDULE U-BALANCE SHEETS (See Inetruction 43)
■ - -
Bt^„n^o 0, T*I..^. V^a
EST o, T.,.,L. Y....
lrai8
Amoimt
Total
Amomt
Tow
ASSETS
1. Caah:
s
S
$
S
(b) Time depoeits. including certificates of
(0 All other caeh_ _ _
~
1
4. Inventories:
& Investments (nontaxable):
(a) Obligations of a State, Territory, or
political subdivision thereof, or the
District of Columbia, or United
(6) Obligationa issued under I^era! Farm
Loan Act, or under Fuch Act aa
(d Liberty 3%% Bonds and other obliga-
tions of United St-at^s issued on or
(d) Tre35ury Notes, Treasurj- Bille, and
Treasurj- Certificates of Indebled-
(«) Liberty 4% and 4^% Bonds. United
Statbs Savings Bonds, and Treasury
(P Obligations of instrumentalities of the
United States (other than obligations
CI. Other investments:
--
(b) Bonds of demestic corporations
(c) Stocks and bonda of foreign corpora-
((fi Al! other Investment* or loanB...
^
7. Deferred charges:
(f) All other
£. Capital assets:
(e) Other depreciable assets. „
$.
S- .
^pl Lees reserves for depreciation..
(0 Less rcser\'es for depletion
0") Land _
s _.
9. Piatenta
]]. Other assets Cdeecribe fully):
12. Total Assets » _
$
s
UABILITIES
9 _
16. Mortgages (including bonds and notes so secured)
17. Accrued expenses:
(f) All other.
18. Other Itftbilitics (describe fully):
s.
19. Capital stock:
s„
(b) Common stock Ocas stock In treasury)
20. Surplus „
21. Undi\'ided profita
22. Total LiABiiiTiEs „
».
$-
STATISTICS OF INCOME
209
"Page 6 of Return SCHEDULE M— RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS
1 Net InwroB atom » 3 of return)
J
I.O.^„.M.0.a««,...:
=a=l
<« (.) Inco™u,p^d.o,b.UcMS.<,l,^.
4. KontaxabU laconifi (also blenst puttatlr exempt);
slons or foiolga countrlos U claimed as a credit In
<a) iDtORSt on:
(I) Obljgottonsof 6 etatc, Territory, or poUclcal subdlvl-
Butes''^S^lo^°'*'"'" *"' ^'''"^'^ "' "°"*^
(i) SpodulLmproveaoattuoa tending to Increase tbe value of
(3> ObllcatloM Issurf under FedorU Farm Loan Act. or
(rt Furnllufo and nilures, additions, or bellermenta treated
0) Oblleallons or United Statw tsued on or bclor* Sep-
(1) Treasury Notes. Trottsory Bills, and TioasuTFCcrtif-
ployee wbcre the corporation Is directly or Indirectly a
or carry obli;allon3 (otber than obUgatlons ot the United
States Issued after Seplombcr 21, 1917, end originally sub-
scribed tor by thu taxpayer) the Interest upon n'blcb Ls
(6) tlnltod Stales Savings Bonds and Treasury Bond^
(7) ObUsatloos of inslrumentatitlcs of the United States
---
*" ^Tl^Z W 'S'/e'''irre'i'^''"''' """*' "* ""' ^""''***
U) Addl I loos to reserves tor contlngenclos. etc <to bo dstaUed) :
n
Ik) Capital loss (excess. If any. over amount sllowablo as e
-I. ObaTEisaEalQStrBscrTe(orbaddeMs,UItemlS.paeii2ofr«turn,
0) Otber unallovablo dedurtlons [to be delaUed):
e. CharpM against restr^c: lor oon'tlngcnctes. etc. (to bo detailed):
_
18. Tola] of Line 15
cosb. stock ot the corporation, or other property):
S-.
.-r.-,.™„T.™,«
10. BurplQs and imdivldcd profits as sbowaby balance sbect at dese
U, Olbaraedlts to ^lui^to be detailed):
IB. Other dobib to surplus (U be deUDed):
^
'" -
13. ToUl fr<im Line 10
14. Eurplos and undivided profits as Ehonn by babncssbect at close
s
19 T<,«l„Lln=17.ndl.
1 1 .
UABIUTY FOR HUNG RETURNS
Corttorations generallr. — Everj- domastic or resident corporation, joint-ctock
company, association, or insurance company (other than a life insurance com-
panyt not epeciBcally exempted by Section lOI of the Revenue Act of 1936.
whetner or not having any net income, must make a return of income on this
form. Every corporation which i3 subject to the capital-stock tax njust make
an excesa-profita tax return for each income-tax taxable year ending after the
close of the first year in respect of which it is subject to the capital-stock t&x.
A combined return for income and excess-profits tax purposes must be made on
this form, except where a consolidated income tax return is m^e by an affiliated
group of railroad corporations. (See Instruction 30.)
Domestic corporations within the possessions of the Uoited States (except
the Virgin Islands) may report as gross income only gross income from sources
■within the United States, provided (a) 80 percent or more of the gross income
for the throe-year period immediately preceding the close of the taxable year (or
Buch part thereof as may be applicable) was derived from sources within a
possession of the United SUtcs; and {b) 50 percent or more of the gross income
for such period or such part thereof was derived from the active conduct of a
trade or business within a possession of the United States.
Foreign corporations. — Resident foreign corporations (foreign corporations
which at any time within the taxable year are engaged in trade or business within
the United States or have an office or place of business therein) shall maJie
returns on this form of income received from sources within the United States.
Nonresident foreign corporations (forcicn corpwrations not engaged in trade or
business within the United States and not having an office or place of business
therein at any time within the taxable year) shall not make returns on this form.
Nonresident foreign corporations are subject to tax upon gross income from
sources within the United States (determined under the provisions of Section
119 of the Revenue Act of 103'".) which is fixed or determinable annual or
periodical gains, profits, and incomf , and are required to make returns on Form
1120NB -nith respect to such income. (Sec Sections 231 to 238, Revenue Act
of 193S >
Life insurance companies, as defined by Section 201 of the Revenue Act of
1936. shall file returns on Form 1120L, instead of this form.
Mutnal insurance companies (other than life iosorance companies) shall
make and fil« returns in accordanrc with the provisions of Section 207 of the
Revenue Act of 1936 and Articles 207-1 to 207-7 of Regulations 94.
Benevolent IL'e insurance associations of a purely local character, mutual
ditch or irrigation companies, mutual or cooperative telephone companies, -or
like organizations are exempt from taxation only if 85 percent or more of the
income consists of amounts collected from members for the sole purpose of
meeting losses and expenses.
Other insurance companies. — The normal-tax net income of an insurance
companv (other than a life or mutual insurance company referred to above)
fball be computed as provided in Section 204 of the Revenue Act of 1936.
TIME AND PLACE FOR FILING
The return must be filed on or before the fifteenth day of the third month
following the close of the taxable year with the collector for the district in which
the corporation's principal place of business or principal ofRce or agency is
located. In the case of a foreiffa corporation having an office or place of busi-
ness in the United SUtcs the return shall be filed on or before the fifteenth day
of the sixth month following the close of the taxable year. Where a consoli-
dated income tax return is filed by on affiliated group of railroad corporations,
the separate excess-profits tax returns of the common parent corporation ana
each subsidiary corporation must be filed with the collector with whom tha
consolidated income tax return is filed.
The collector of internal revenue may grant a reasonable extension of time
for filing a return, not to exceed six months, if application therefor is made
before the date prescribed by law for filing such return, whenever in his judg-
ment good cause exists.
SIGNATURES AND VERIFICATION
The return shall be sworn to by the president, vice president, or other prin-
cipal officer, and by the treasurer, assistant treasurer, or chief accounting
omcer. Receivers, trustees in bankruptcy, and assignees, operating the prop-
erty or business of corporations, must make returns of income for such corpor-
ations. If a receiver has full custody of and control over the business or
property of a corporation, he shall be deemed to be operating such business or
property, whether he is engagi?d in carr>ine on the business for which the cor-
poration was organized or only in marshaling, selling, and disposing of its asseta
for purposes of liquidation.
Question 7 on page 4 of the return should be answered fully, and where
the return is actually prepared by some person or persons other than the cor-
poration, such person or persons must execute the affidavit at the foot of this
page.
PAYMENT OF TAX
Checks or money orders in payment of tax should be drawn to the order of
"Collector of Internal Revenue at (insert name of city and State)." Do not
send cash by mail, nor pay it in person except at the collector's office.
The tax may be paid when the return is filed, or in four equal installments,
as follows: The first installment shall be paid on or before the fifteenth day of
the third month following the close of the taxable year, the second installment
shall be paid on or before the fifteenth day of tho third month, the third instalU
ment on or before the fifteenth day of the sixth month, and the fourth install-
ment on or before the fifteenth day of the ninth month, after the dat^ pre-
scribed for paying the first installment.
If any installment Tfe not paid on the date fiscd for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
For villfal failure lo make and file return on time.— Not more than $10,000
or imprisonment for not more than one year, or both, together with the costa
of prosecution, and in addition 6 percent to 25 percent of the amount of the tax.
For willfully attempting to evade or defeat payment of the tax. — Not more
than $10,000 or iraprisoaracnt for not more than five years, or both, together
mth the costs of prosecution.
For deflciency due to negligence or fraod. — Five percent of the amount of
the deficiency if due to negligence or intentional disregard of rules and regula-
tions without intent to defraud, or 50 percent of the amount of the deficiency
if due to fraud.
AFFIDAVIT (Sec "Signatures and Verification", above)
We, the undersigned, president (or vice president, or other principal officer! and treasurer (or assistant treasurer, or chief accounting officer) of tho corporation
for which this return is made,_ being severally duly sworn, each for himself deposes and says that this return (including any accompanying schedules and etate-
wledgc and belief, a true, correct, and complete return, made in good faith, for the taxable year
mente) has been e
stated, pursuant t
Subscribed ai
; Act of 1936, and the Regulatic
_. 193
(Slcnatui
tT.il
(Slat
:I Accounting Officer)
AFFIDAVIT (See "Signatures and Verification", above)
I/we Ewear (or affirm) that I/we prepared this return for the person named herein and that the return (including any accompanying ficbedules and statements)
is a true, correct, and complete statement of all the information respecting the income tax and.''or excess-profits tax liability of the person for whom this return
has been prepared of which I/we have any knowledge.
Subscribed and sworn to before me this day of , 193 _
(Signature of person preparing tbe rotum)
(Signature o( penoo preparing the ivtoni)
210
STATISTICS OF INCOME
Page 1 of Instructions
INSTRUCTIONS
The Instructions Nnmbered 1 to 29 Correspond with, and Item References therein relate to, the Item Numbers on Page 2 of the Betorn
GROSS INCOME AND DEDUCTIONS
renco to tUlta nnd aeicttona o
If the debts are included in the deduction claimed, Bubmit a Bchcdule ehowinij
the amounts charged off, and etato how and when each was determined to lie
worthleea. If the amount deducted is an addition to a rcsen'e, enter in Sched-
ule F the amount of salca charged on account, and the amount of bad debts
charged off, for each of the years indicated.
form furnfshfed to such officer, in lieu of the information requested m Items 1 to
26, except that a railroad company will submit with the return a statement on
Form 1000. In such cases tho net income will be reconciled bj- means of Schedule
M on page 6 of the return, with the net profit shown by the mcome and expense
statement Bubmittcd, and Bhould be entered as Item 27.
2. Cost of goods sold. — Enter as Item 2 the information requeeted on lines
Co) to {c) and list in Column 1 of Schedule A the principal items of costj includ-
ing the amount entered on line (c), tho minor items to be grouped in one
amount. Enter as salaries and wages on line (c) the total compensation,
during the period covered by this return, of individuala employed (exclusive
of officers and firm member^?).
If the production, purchase, or sale of merchandise is an income-producmg
factor in the trade or business, inventories of merchandise on hand should be
taken at the beginning and end of the tasable year, which may be valued at cost,
. 1.-* _t;-V-,..«_ tn 1r^n.» Vntft- llir. l^tfnH "H" r,r "O. r\r M"
3 valued at either cost,
Enter the letters
on lines (a) and (c) under Item 2, if thi
r cost or market, whichever is *
^ ,j,„.„ J r to question & on page 4 the method used.
JDventoriea reported do not agree vrith the balance eheet, attach a statement
explaining how difference occurred.
3. Gross profit from sales.— Enter as Item 3 the gross profit from busi
in which inventories arc an income-determining factor,
deducting Item 2, the cost of goods sold
4. Gr<
which is obtained by
_.._ _. ^. I! cxIerKiod, from Item 1, tho net sales.
I receipts from basinesa In which InTcnlories are not an income-
■ operating i
determining factor. — Enter as Item 4 tho gross receipts
(See also Fccond paragraph of Instruction 3, above.) . ,. * ■
5. Cost of operations. — Enter as Item 6 the cost of operations and list m
Column 2 of Schedule A the principal items of cost. Enter as salaries and
wages the total compensation, during the period covered by this return, of
individuals employed (exclusive of officers and firm members).
6. Gross profit from business in which inTentorics are not an income-
determining factor. — Enter as Item 6. _
7. Interest on loarw. etc — Enter as Item 7 all interest received or credited
to the corporation during the ta-xable year on loans, notes, mortgages, bonds,
bank deposits, etc. - o t j t t
S. Interest on Government obligations, etc. — Enter as Item 5, HcheduJQ ^L,
the amount of the various obligations o^Tied and enter as lU^m 4 (a), Schedule M
all interest received or credited to tho corporati
these obligati
s account duiing the year c
Interest on all coupons faUing due within the taxable year will be considered
05 income for the year, where the books are kept on a cash receipts and dis-
bursements basis. If the books are kept on an accrual basis, report the actual
limount of interest accrued on the obligations owned durmg the taxable year
The total of the interest reported as Itema 4 (o) (6) and (7) Schedule M, should
be entered as Item S. Such interest is allowable as a credit against net income
as Itenrts U and 25, page 1 of tho return. . , , ,. . , _.
ft Rents.— Enter as Item 9 the gross amount received for the rent of property.
Any deductions claimed for repairs, interest, taxes, and depreciation should be
included in Items 17, 19, 20, and 23, respectively.
10. Royalties. — Enter as Item 10 the gross amount received as royalties. If
6 deduction is claimed for depletion, it should be reported as Item 24.
Capital gains and lossi -• -->
xchangcs of capital aesets i
r loss as Item 11 (i
^$2,000). (See Section 117 relating to capital gains and losses.) Describe
the property briefly and ctate the actual consideration or price received or the
fair market value of the property received in exchange.
If the property sold or exchanged was acquired pnor to March 1; 1913, the
basis for determining ga:n is the cost or the fair market value as of March 1,
1913, adjusted as proWdcd in Section 113 (b), whichever is greater, but ia deter-
mining LOSS the basis ia cost so adjusted. (See Section 113.) If the amount
ehovm C3 cost is other than actual cish cost of the property sold or exchanged,
full dctaiL>i must be furnished regarding the acquisition of the property.
Ent«r p.s depreciation the amount of exhaustion, wear and tear, obsolescence,
or depletion which has been allowed (but not less than the amount allowable)
in respect of such property since date of acquisition, or since March 1, 1913,
if the property was acquired before that date. In addition, if the property
was acquired before March 1, 1913, the cost shall be reduced by the depreciation
actually sustained before that date.
Subsequent improvements include expenditures for additions, improvements,
and repairs made to restore the property or prolong its useful life.
No loss shall be rccognircd in any sale or other disposition of shares of stock
'here the corporation has acquired substantially identical stock or
■ "" • ■ ' ■ aft^r the date of such sale or disposition,
n stocks or securities in the ordinary coursu
of business.
No deduction chall bo allowed in respect of loss from sales or exchanges of
property, directly or indirectly, except in the Mse of distributions in liquidation,
between an individual and a corporation
or indirectly, more than 50 percent in
Section 24 (d> (6).) , . ^ . ^ ,
SccUon 117 applies only to gains and losses upon the Bale or exchange of
capital assets and. therefore, has no application to loss of useful value upon
the permanent abandonment of the u?e of property or loss susl^ned as the
re^uU of corpcrnte stock or debts becoming worlhlcs6.
12. Dividends. — Describe in dclail in Schedule D all dividends received
during the taxable year. •
Enter as Item 12 (a) dividends from a domestic corporation which is Eubject
to taxation under Title I (other than a corporation entitled to the benefits of
Section 251 and other than a corporation organized under the China Trade
Act, 1922). Enter as Item 12 (6) dividends from a domestic corporation which
is not subject to taxation under Title I. Enter as Item 12 (c) dividends from a
foreign corporation and dividends from a corporation ecti'led to the benefits of
Section 251 and a corporation organized under the China Trade Act, 1922.
- - - . T, . »,_,-,_., _.<___ ^ — Li- -• ^ Jqj. ^-UpIj ho
' 14. Total income. — Enter as Item 14 the net amount of Itenas 3 and 6 to 13,
Inclusive, after deducting any losses reported in Items 3, 6, and 11.
15. Compensation of officers.— Enter as Item 15 the compensation of all
officers, in whatever form paid, and fill in Schedule C, giving the information
requested.
Note. — If during the taxable year the corporation paid to any officer or
employee compensation for personal services in excois of .515,000, Schedule C-1
(copies of which mav'be obtained from the collector of internal revenue) jnust
be filed, IN DUPLICATE, with and as part of this return.
16. Rent. — Enter as Item 16 rent paid for business property in which the
corporation has no equity.
17. Repairs. — Enter as Item 17 the cost of Inc'.iJciilrJ repairs including 1h ■
labor, supplies, and other items which do not add to the value or appreciably
prolong the hfe of the property. Enter as salaries and wages tho compensation,
during the period covered by tliJs return, of persons employed directly m connec-
tion with tncse incidental repairs, as shown in Schedule E. Expenditures for
new buildings, machinery, equipment, or for permanent improvements or bcltcr-
ments which increase the value of the properly are chargeable to capital oocount.
Expenditures for restoring or replacing property are not deductible, as such ex-
penditures are chargeable to capital eccouniB or to depreciation rcBcrvc, depend-
mg on how depreciation is charged on the books of the corporation.
18. Bad debts. — Enter as Item 18 debts, or portions thereof, arising from
tales OT Eervices that have been reflected in mcomCj which have been definitely
A debt previously charged off as bad, if subsfequently colleclod, must bo
returned as income for the year in which collected.
19. Interest paid. — Enter as Item 19l interest paid on business indebtodnefls
and fill in Schedule 0. Do not include in Item 19 interest on imbbtcdncss
incurred or continued to purchase or carry obligations (other than obligations
of the United States issued after September 24, 1917, and origin-iUy subscribed
for by the taxpayer) the interest upon whichjs wholly exempt from (axatipn.
20. Taxes paid. — Enter as Item 20 ta:;cs paid or accrued during the taxable
year and fill in Schedale H. Do not include in Item 20 Federal inco;ne, war-
profits, and excess-profits taxes, nor estate, inherit.ince, legacy, sucoession, and
gift taxes, nor income taxes claimed as a credit in Item 43, page 1 of the return,
;ed against local benefits tending to increase the value of the prop-
csccss-profits tax imposed by Section 106 6f the Revenue Act of 1935, as
amended, but such deduction should be entered as Item 28. No deduction
is allowable for any portion of foreign incomo and profits taxes if a credit is
claimed in Item 43, page 1 of the return.
21. Contributions or gifts. — Enter as It«m 21 contributions or gifts actually
paid within the taxable year to or for the use of a domestic corporation, or
domestic trust, or domestic community chest, fund, or foundation, <
iientific^ Uterary,
and operated exclusively for religious, charitaolo, scientific^ Uterary, or educa-
tional purposes or tho prevention of cruelty to children (but in the cose of contri-
butions or gifts to a trust, chest, fund, or foundation, only if such contributions
or gifts are to be used within the United States exclusively for such purposes),
no part of the net earnings of which inures to the benefit of any private share-
holder or individual, and no substantial part of the activities of which is carry-
on propaganda, or olhcrv\isc attempting, to influence legislation. The amount
claimed snail not exceed 5 percent of tho corporation's net i
without the benefit of this deduction. List organizatic
buted to each in Schedule I.
22. Losses. — Enter as Item 22 losses sustained during the year nnd not com-
pensated for by insurance or otherwise. Losses of business property arising
from fire, storm, shipwreck, or other casualty, or from theft, should be explained
in Schedule J.
23. Depreciation, — The amount deductiblo on account of depreciation in
Item 23 ia an amount reasonably measuring the portion of the investment in
depreciable property by reason of exhaustion, wear and tear, or obsolescence,
which is properly chargeable against the operations of the year. If the property
was acquired by purchase on or after March 1, 1913, the amount of depreciation
should be determined upon tho basis of the original cost (not replacement cost)
of the property, and the probable number of years remaining of its expected
useful Ufc. In case the property was purchased prior to March 1, 1913, the
amount of depreciation isill be determined in the same manner, except that it
will be computed on its original cost, leas depreciation sustained prior to March
1, 1913, or its fair market value as of that date, whichever is greater. If the
propertv was acquired in any other manner than by purchase see Section 1!4.
The capital sum to be recovered should be eharced off ratably over the useful
life of tho projicrty. Whatever plan or method of apportionment is adopted
must be reasouablo nnd must have due regard to operating conditions during
the taxable year and should be described in the return. Stocks, bonds, ana
liko securities are not subject lo exhaustion or wear and tear within the meaning
of the law.
If a deduction is claimed on account of depreciation, fill in Schedule _K. In
case obsolescence is included, state separately amount claimed and basis upon
which it is computed. Land values or cost mutt not be included in this sched-
ule, and where land and buildings were purcha-^ed for a lump sum the cost of
the building subject to depreciation must be established. The adj"stcd property
accounts and the accumulated depreciation shown in the schedule should be
reconciled with those accounts as reflected on the books of the taxpayer. See
Sections 23 (1) and 114.
24. Depiction. — If a deduction is claimed on account of depletion, eecurt) from
the collector Form D (minerals), Form E (coal). Form F (miscellaneous non-
metals), Form O (oil and gas), or Form T (timber), fiil in and file with return.
If complete valuation data have been filed ^-ith Questionnaire in previous years,
then file with this return information necessary to brinp your depletion schedule
up to date, setting -forth in full statement of all transactions bearing on dcdiir-
tions or additions to value of physical assets with explanation of how depletion
deduction for the tasable year has been determined. See Sections 23 (m)
and 114.
25. Other deductions-^Entcr as Item 25 other deductions authorized by law-
and file with the retiuo a schedule sho\\ing how each deduction was computed.
No deduction is .illowable for the amount of any i
to a class of exempt income, other ihnn intf-rf.st. I
such exempt income shall be all:-
r pnrt thereof allocable
-. directlv attributable to
r.. ■.- ■'.- ■■-il'.ntabl.;
class of taxable i
taxpayer receiving any
property or engaging m
tT shall
27. Net i
1 for
;for (
26 the total deductions in Items 15 to 25, inclusive.
profits tax compulation. — Enter as Item 27 tho
■profits tax computation, which is obtained by deducting
"" ■ ■ ' corporation shall bo computed
The net
; taxable year in accords
in keeping tho books, u:
Item 26 from Ilcra
upon the basis of it
regulaiiy employed
reflect the income.
2S. Enter as Item 23 tho amount cf excess
of the return.
29. Net income for Incomo tax computation
cncc between the amounts in Items 27 and 2S.
EXCESS-PROFITS TAX
30. The excess-profits tax is imposed uf n i rerta n
of every corporation for each income-tax t
the first year in respect of wh ch the cor
tax imposed by Section 105 of the Re tr u
cess-profits tax is imposed in an amount r
portion of the corporation'b ntt incom f r
in excess of 10 percent and not in excess of 1 per I
value plus (2) 12 percent of such pwrtion of T
taxable year e ' '
ith the method of accounting
3 such method docs not clearly
■profits tax in Item 12, page I
—Enter as Item 29 the differ-
of the net income
after tf e close of
th cap tal-stock
nd d The cx-
blt > car as is
________ of 15 percent of the adjusted declared value, as of
the~close of the last preceding income-tax taxable year (or as of tho date of
organization if the corporation h^d no preceding income-tax taxable ye^). No
variation is permitted between the adjusted declared value set forth in the capi-
tal-stock tax return and the adjusted declared value set forth in the excess-
profits tax return, except that in the copc of an excess-profits tox 'f t«rn fo^ »*]
income-ta:^ taxable venr which is a pennd cf less than 12 months the adjusted
declared value set forth in the capft.-.l-aock tax return shaU be reduced to an
amount which bears the same ratio thereto as the number of n.-.-:lha m tho
period bears to 12 months. For excess-profits tax purposes the net income stiall
be the came as the net income for income tax purposes, computed without the
deduction of the excess-profits Ux imposed by Section 106 of the Kf^veoue Act
of 1936, as amended. None of the credits allowed corporations against nee
income for income tax purposes is applicable in respect of *^e ?^,7^'"^"iJ*5
except the credit against net income equal to the credit f^L.^^^''^*'".'*^ T"/'^;^
provided in Section 26 (b) of the Revenue Act of 1936. Fore.pi '^«o™l*°^
profits taxes may not be credited against the ct cess-profits tax. Every corpora-
tion which is liable for the making of en cxceas-profits tax return, whether or not
such corporation ie a member of an affiUated group of corporations, must^aJift
STATISTICS OF INCOME
211
Page 2 of In£tractlons
its excess-profits tax return tnd compute its net income eeparaUIy, without
Tegard to the proviKions of Section 141 of the Revenue Act of 1936. Where an
amliated group of railroad corporations makec a consolidated income tax return,
the common parent corporatioD and each eubeidiary which is liable for the
making of an excces-pfODta tax return must make a separate excess-profits tax
return.
NORMAL INCOME TAX
31.' Every corporation not expressly exempt from taxation under Title I
Ib hflble to the normal income tax at the graduated ratea specified in Items
18 to 21, inclusive, pa^e 1 of the return, except those corporations enumerated
to the footnote following Item 22, page 1 of the return, which ore taxable at
the rates thcjoin stated. The phrase "certain banks and trust companies" aa
used in that footnote means banks or trust companies incorporated and doing
busincfifi under the laws of the United States (including laws relating to the
District of Columbia), of anr State, or of any Territory, a substantial part of
the business of which consists of receiving deposits and making loans and
discounts, or of exercising fiduciary powers similar to those permitted to national
banks under Section lUk) of the Federal Reserve Act, as amended, and which
are subject by law to supervision and examination by State or Federal authority
having supervision over thanking institutions. The normal income tax is upon
the normal-tax net income, that is, the net income as defined in Section 21 minus
the sum of (1) the credit provided in Section 26 (a) for interest on obligationa
of the United States and its instrumeatalities and (2) the credit for dividends
received provided in Section. 26 (b>, except that this credit ia not allowed in
the case of a mutual investment companv, ae defined in Section 48 (e). (See
Articles 48 (e)-l to 43 (e)-6, inclusive, Reflations 94.) In the case of a mutual
invcBlment company, for the purpose of the normal-tax net income, a credit is
allowed against net income for dividends paid aa provided in Section 27.
SURTAX ON UNDISTRIBUTED PROFITS
32. Every corporation is subject to the surtax on undistributed profits except
corporations expressly exempt from taxation under Title I and (1) banks as
defined in Section 104 (see Instruction 31); (2) insurance companies subject to
the tax imposed under Section 201, 20-1, or 207; (3) foreign corporations; (4)
corporations entitled to the benefits of Section 251; (5) corporations organized
under the China Trade Act, 1022; (6) Joint Stock Land Banks organized under
the Federal Farm Loan Act, as amended; and (7) domestic corporations which
for any portion of the taxable year are in bankruptcy under the laws of the
United States, or arc insolvent and in receivership in any court of the' United
States or of any State, TerTitor>', or the District of Columbia. (Generally, in
the case of proceedings for the relief of debtors under Section 77 or 77 B of the
Bankruptcy Act of 1S98, as amended, if the debtor corporation has pending a
debtor's petition or answer which has been approved by the court finally deter-
mined to have jurisdiction thereof, it ia in bankruptcv under the taws of the
United Statea.) A-vy CoRPonAxioN Under (1) to (7) Abovk Claiminq
Exemption From tiib Sdetax Sbaxl Filb With Its Return for Each
Taxable Yeak for Weica Exzumov is Claimed a Statement Under
Oatk op all the Facts Pertinent to Its Claim.
The surtax is imposed on the net income of coiporationa in an amount
measured by the undistributed net income. The nodltttrlbuted net income is
the adjusted net income minus the sum of (a) the dividends paid credit pro-
vided in Section 27 (see Articles 27 (a)-l to 27 (h)-l, inclusive, Regulations
94) and (b) the credit provided in Section 26 (c), relating to contracts restricting
the pajTUcnt of dividends (see Article 26-2, Regulations &4). The adjoslea
net Income means the net income as defined in Section 21 minus the sum of
(1) the normal tax imposed by Section 13 and (2) the credit provided in Section
26 (a) for interest on obligations of the United States and its instrumentalities.
In the case of a holding company affiliate, as defined in Section 2 of the Banking
Act of 1933. the amount to be deducted in determining the adjusted net income
includes also the credit allowed under Section 26 (d). In the case of a national
mortgage association created under Title III of the National Housing Act, the
amount to be deducted aUo includes the amount allowed as a credit under
Section 26 (c).
33. Section 26 (d) provides for a credit, in the case of a holding company
affiliate (as defined in Section 2 of the Banking Act of 1933), in the amount of
the earnings or profits which the Board of Governors of the Federal Reserve
System certifies to the Commissioner has been devoted by sucli afiiliate during
the taxable year to the acquisition of readily marketable assets ether than bank
stock in compliance ■with Section 6144 of the Revised Statutes. No credit ia
allowable either for the amount of readily marketable assets o^quirtMl and on
hand at the beginning of the first ta^iable year subject to the Revenue Act of
1936 or for an amount of readily marketable assets in excess of what is remiircd,
by Section 5144 of the Revised Statutes, to be acquired by such afBliatc. Every
taxpayer claiming and making a deduction for this credit shall attach to its
return a supplcmcntar}* statement as provided in Article 26-3, Regulations 94.
34. Section 26 (c) provides for a credit, in the case of a national mortgage
association cre.ited under Title III of the National Housing Act, in the amount
of the earnings or profits which the Federal Housing Administrator certifies to
the Cominissioncr of Internal Revenue has been devoted by such association
during the taxable year to the acquisition of such rcscrv'es as the Administrator
may require under the provisions of Section 303 of that Act.
35. The amount of the dividends paid credit provided by Section 27 is the
Amount of dividends paid during the taxable year. (See Article 27 (a)-l.
Regulations 94.) If a dividend is paid in property other than money (including
stock of the corporation if held by the corporation as an investment) the divi-
dends paid credit with respect thereto is trie adjusted basis of the property in
the hands of the corporation at tlie time of the payment, or the lair market
value of the property at the time of the pa^-ment, whif^hcver is the lower. (See
Article 27 (c)-l, Reculntions 94.) If a dividend is paid in obligations of the
corporation, the amount of the dividends paid credit with respect thereto is
the face value of the oblipations, or their fair market value at the tin\c of the
payment, whichever is the lower. If the fair market value is lower than the
face value, then when the obligation is redeemed by the corporation, the excess
of the amount for which redeemed over the fair market value at the time of the
dividend payment (to the extent rot allowable as a deduction in computing
net income for anv taxable year) shall be treated as adividend paid in the tax-
nble year in which the redemption occurs. (See Article 27 (d)-l. Regulations
04.) Inrnscof a st^rk dividend or stock right which is a taxable dividend in the
Imnds if ' ! ' ■ ' .1 Ilt Section 115 (Ot the dividends paid credit with
renpo't!' I irkct value of the stock or the stock right at the time
of the I ,. ' lo 27 (e)-l, Hcgulatiuns 94.) In the case of amounts
distri'":' ' c part of such distribution which is properly charge-
able t'l 1 ■ , r rila accumulated after February 28, 1913, is for the.
purposes uf cornrutiri: iho dividends paid credit treate<l as a taxable dividend
paid. (See Article 27 (fi-1. Regulations 94.) No dividends paid credit is
allowable with respect to any distribution unless the distribution is pro rata,
equal in amount, and with no preference to any share of stock as compared with
other shares of the 6amc class. (Sec Article 27 (g)-l, ReKulations 94.) If any
part of a distribution (including stock dividends and stock rights) is not a tax-
able dividend in the hands of such of the shareholders as are subject to taxation
under Title I for the period in which the distribution is made, no dividends paid
credit is allowable with respect to such part. (Sec Article 27 th)-l, Rcg'jlations
94)
36. Section 26 (c) provides credits —
(1) In an an amount equal to the excess cf the adjusted net income over the
ecRfegate of the amounts which can be distributed »ithin the taxable yoftf as
dividends without violating a pro\iEicn of a uTitten contract executed by the
corporaticn prior to May I, 1936, which provision expressly deals with the pay-
ment of divkflend^. If a corporation would be entitled to a credit under this
Kragraph because of a contract pro\ision and also to one or more credits
cause of other contract provisions, only the lai^eet of such credits shell be
allowed, and for such purpose if two or more credits are equal in amount only
one shall be taken into account.
(2) In on amount cqurJ to the portion of the earnings and profits of the taxable
year which is required (by a provision of a written contract executed by the
corporation prior to May 1. 1936. which proWsion expressly deals with the di.s-
position of earnings and profits of the taxable year) to l>e paid within the taxable
paid or eet aside. For the purposes of this paragraph, a requirement to pav c
aside an amount equal to a percentage of earnings and profits sh^ be
considered a requirement to pay or set aside euch percentage of earnings and
profits. As used in this paragraph, the word "debt" does not include a debti
meurred after April 30, 1936.
(3) If both paragraph (1) and (2) above apply, the one of such paragraphs
which has an adjusted net income of lees than 550,000. This specific credit is
an amount equal to the excess of S5,000 or the total undistributed net income,
whichever is less, over 10 percent of the adjusted net income and is to be
deducted from the undistributed net incomo before computing the surtax.
The computation is made first according to the brackets as set forth in Itema
34 to 38, inclusive, page 1 of the return. Then there ia added 7 percent of tha
amount of the specific credit. The 6
} the total surtax.
CREDIT FOR TAXES
foreign country or a possession of the United States, Form 1118 shouldbe sub- -
mitted with this return, together ■nith the receipt for each such tax payment. '
In case credit is souftht for taxes accrued but not paid, the form must havo
attached to it a certified copy of the return on which each such accrued tax »-aa
based, and the Commissioner may require a bond on Form 1119 for the pay-
ment of any additional tax found due if the 'oreign taxwhenpaid differs from the
amount claimed. Foreign corptorations, domestic corporations 'eutitled to the
benefits of Seetion 251, and corporations organized under the China Trade
Act, 1922, are not entitled to claim this credit.
CONSOLIDATED RETURNS OF RAILROAD CORPORATIONS
39. Subject to *,he provisions of Section 141 and Regulations 97, an affiliated
group of railroad corporations may make a consolidated incomo tax return in
lieu of separate returns.
40. The common parent corporation, when filing a consolidated return, shall
attach thereto a schedule showing the names and addresses of all the corpora-
tions included in the return. Ea'h taxable year each subsidiary must prepare
two duplicate originals of Form 1122 consenting to Regulations '97 and autnor-
iiing the making of the return on its behalf. One of such forms shall be attached
to thp consolidated return as a part thereof, and the other shall be filed, at or
before the time the consolidated return is filed, in the office of the collector for
the shbsidiary's district.
41. Supporting schedules shall be filed with the consolidated return. These
schedules shall be prepared in columnar form, one column being provided foF
each corporation included in the consolidation, showing in detaO the items of
gross income and deductions and the computation of normal-tax net income,
adjusted net income, and undistributed net income; one column for a total
of like items before adjustments are made; one column for intercompany elimi-
nations and adjustments; and one column for a total of like items after giving
effect to the eliminations ond adjustments. The items included in the column
for eliminations and adjustments should be symbolized to identify contra items
affected, and suitable explanations appende<i. if nccessarj'. Similar schedules
shall also contain in columnar form a reconciliation of surplus for each corpora-
tion, together with a reconciliation of the consolidated surplus.
. 42. CJonsolidated balance sheets as of the beginninp and close of the taxable
of the group shall accompany the consolidated return prepared in a form
BALANCE SHEETS
43. The balance sheets on page 5 of the return, Schedule L, should agiee-
with the books, or any differences should bo reconciled. The bolance eheeta
for a consolidated return should bo furnished in accordance with Instruction 42.
All corporations enpaged in an interstate and intrastate trade or business and
reporting to the Interstate Commerce Commission and to any national. State,
municipal, or other public officer, may submit, in lieu of Schedule L, copies of
their balance sheets prescribed by said Commission or State ond municipal
authorities, as at the beginning and end of the taxable year.
In case the balance sheet as at the beginning of the current taxable year does
not agree in every respect with the balance sheet which was submitted as a&
the end of the previous taxable year, the differences should be fully explained
in the space proWded under Schedule L.
PERIOD COVERED
SURTAX ON IMPROPERLY ACCUMULATED SURPLUS
45. There shall bo levied, collected, and paid for each taxable year (in addi-
tion to other taxes imposed by Title I) upon the net income of every corporation
(other than a personal holding company as defined in Section 351) if socEk
corporation, however created or organised, is formed or availed of for the
purpose of preventing the imposition of the surtax upon its shareF^oIders or
the shareholders of any other corporation, through the medium of permitting
camincs or profits to accumulate instead of being divided or distributed —
(!) In the case of corpwrations not subject to the surtax impoEcd by Section
14, a surtax equal to the sum of the following: 25 percent of the tunount of tBe
retained net income not in excess of SIOO.OOO, plus 35 percent of ttw amount of
INFORAUTION AT THE SOURCE
40. Every corporation sliall make a return on Forms 1096 and 1099 with
respect to amounts paid, credited, or distributed during the calendar year (a>
as salaries or other compensation for personal services, totaling Sl,000'or more
in the case of a citizen or resident who is not married or whose marital status
is unknown, or S2,500 or more in the case of a married citizen or resident, or
(b) as interest, rent, premiums, annuities, or other fixed or determinable i.
totaling Sl,000c
! to a fiduciary, a domestic or resident trartnetship.
resident. The return on Forms 1096 and 1099 shall also include
dividend payments amounting to S3(K) or more d-^ring the calendar year 193d
to each shareholder who is an individual (citizen or resident of the United
States), a resident fiduciary-, or a resicfeat partnership any member of which ia
a citizen or resident, or payments of dividends amounting to S159 or more
during the period from January 1, 1936^ to July 1, 1936. inclusive, to any share-
holder who is a nonresident alien indi\ndual, a nonresident alien fiduciary, or a
nonresident partnership. The forms will be furnished by any collector of
internal revenue upon request. Such returns of information covering the
calendar year 1936 must be forwarded to the Commifsioner of InteniAl Revenue,
Sorting Section, Washington, D. C, in time to be received not later than
February 15, 1937.
DLTLICATE RETURN
47. The copy of the return required to be filed on the duphcate form (gr«cn
paper) shall be a complete duplicate of the return except that it need not be
signed or sworn to nor accompanied by a copy of Schedule C~l or, in the case
of an insurance company, a copy of the annual statement made to the insurance
department of the State. Temtor>', or District of Columbia. For failure to
file the duplicate return on time there will be assessed SlO, which nill bo payable
upon notice by the collector.
212
STATISTICS OF INCOME
ANALYSIS OF- DIVIDENDS PAID AND RECEIPTS AND EXPENDITURES ON ACCOUNT OF
CHANGES IN CORPORATION'S OBLIGATIONS AND CAPITAL STOCK
Or fiscal year begu
FOR CALENDAR YEAR 1936
, 1936, and ended ....
This
chedule
to-
gether with green copy
marked •'Duplicate",
must be filed with and
as part of the corpora-
tion income and excess-
profita tax return for the
taxable year.
List below all dividends paid durine
the taxable status of the dividonda. If tr
Divideoda paid ia treasury stock ahould
tbe BbAreholdera be carefully reported io il
the taxable year, atating in each case the character of the dividead, and entering thv amounta in tbe proper colum
• total amount showD below differs from that reported in Schedule M. item 17, explain the diHercnce at the end of t
<e entered in item 2 and not in items 5 through 8. It is esseatial that dividends in which the medium of payment
^m 9, Bud correspondingly excluded from items 1 through 8.
. Coah „ _
. Treasury stock
, Assets other than money or tbe corporation's
. Obligationa of the corporation (bonds, Dotes, scrip, etc.)
. Common stock of the corporation to holders of preferred* stocks „
, Preferred* stock of the corporation to holders of preferred* stock
. Preferred* stock of tbe corporation to holders of common stock — —...,,.
, Common stock of the corporation to holders of common stock _
, Optional — Medium of payment elected by tbo sbareboldcre. (List below separately tho
amounts disbursed in each medium of payment) :
Common stock ..„. ..^...._. „„..„„.«.._........«...»—...
Other (specify character) .
, Total (items 1 to 9)
, Dividends paid credit (item 29, page. 1 c
, Dividend carry-over (item 10 rainu/i iter
IT UMti lrr«Bp«otlT« at (onnal dadgnatlon.
3SEI
Origlnul niBtiirliy of
over 1 year
Preterrftd* stock
Ccmmen stock
.0..
13. Net increase of decrease during taxable year in amount outstanding of
corporation's intercEt-bcaring obligations with original maturity of 1
year or less (indicate decrease by minus sign) „ „
14. Net proceeds during taxable year from sale of corporation's own inter-
est-bearing obligationa and capital stock (other thaa obligationa with
$- _
$.... , ...
15. Net amounts expended during taxable year for retirement of corpora-
tion's own interest-bearing oBligations and capital stock (other thah
obligations with original maturity of I year or leas)
16. Net increase or decrease (sum of items 13 and 14 less item 15).,
la IcrtapncUve o( (onnal dealgmtUon.
STATISTICS OF INCOME
213
RETURN FORr
Form 1120 L
TREASliKV DEPARTMENT
n MARKED '^DUPLICATE" MUST BE FILED WITH THIS ORK
INSURANCE COMPANY INCOME TAX RETURN
FOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS. INCLUDINC COMBINED UFt
HEALTH, AND ACCIDENT INSURANCE
For Calendar Year 1936
Fife Ul* Return with the CoUectar of InlenuJ Re«nii« ht Your Di«lrid oa or B«[«n M*/cb IS. IW7
ilNAL RETURN
Do Not Write in These Spaces
(AgdJwf. sump)
P.U
Cod.
Nu^r
PBINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS
DUlrirt
(CUw*. sun.)
(Name)
(Sireelandoumtar)
iPostoffiw) TConDij) (Bute)
Schedule C-1 must be filed. IN DUPLICATE, wi(h and as part of this returo. If
the company paid to any officer or employee during the taxable year compensatioii
for personal serrices in excess of $15,000.
C«di CWk MO. arL.rind.
Pint Pvnot
$
J:Z!^*H GROSS INCOME
I. hat DKPAaTMENT
2. Om. DuuTi.Nn { 3. Tot^l
1. interest oa:
(o) ObligationB of ft State, Ten
the District of Columbia,
(6) ObligationB issued under Fe
■itorv, Of political subdivision thereof, of
or tinited States poesesaions
$
s
deral Farm Loan Act, or under such Act
(c) ObUgatioofl of United SUte
(dj Treaaur>' Notea, Treasury E
ills, and Treasury Certificates of Indebt-
(e) United Btates Savings Bon
principal amount of $5,0C
(J) United States Savinga Bo
principal araount of over
ig) Obligations of instrumental!
gationa to be reported in
(A) Loans, Notes, Mortgages, E
2. Dividendfl on Stock of:
(a) Domeetic Corporations sub
1936
da and Treasury Bonds owned in the
ds and Treasury Bonds owned in the
$5.000
ties of the United States (other thanobli-
cct to income tax under Revenue Act of
(b) Domestic Corporations not subject to income tax under Revenue Act
of 1936
S. Renta (attach scbcdule)
4, Total Incoue in Iteub 1 to 3 (extend total to column 3)
s
^
$
=
DED
5. Interest WhoUy Exempt from Ta
6 percent of the Mean of the I
7. Two percent of the Reserve Held
8. Investment Expenses (attach ache
UCTIONS
11. Depreciation and Obsolescence (a
13. Total Dedoctionb m Ite
14. Net Income (Item 4 minu
118 5 TO 12 (extend total to column 3)
$
$.,, ,
8 Item 13)..._
$
COMPUTATION OF TAX
15. Net Income (Item 14 above) — „ «
s
J6. Lesa: Interest Partially Exempt from Tax Csce Instruction 15> - _ „
17. Dividends Received Credit (So% of Item 2 (a)) „
1
18. Normal-tax Net Income (Item 15 minus Items 16 and 17J „ _
s
20. Leas: Income Tax Paid to a Foreign Country or United States Possession by Domestic Company (see Instruction 17
%
=
AFFIDAVIT (See Instruction 25)
, and complete return, made in good faith, for the
Subscribed and eworn to before me this day of .
( Siena iiin of officer admimunng a
CORPORATE
IT ptlocii^ officer) (Sute IUI«)
i( AccouaUng Offlc«r)
«f which I/we have i
Subscribed and
AFFIDAVIT {See Instructio
(or affirm) that I/we prepared tbie return for the pCTson r
, correct, and complete etatement of all the information i
ly knowledge.
day of , 193—
(Blgnawre of offlw "*'"'"'***^"t «*Ui)
(Name of finn or eaptorer, 1
214
STATISTICS OF INCOME
SCHEDULE A— BESEBVE FUNDS
..,™
1 BtoDnmaotTAXuuTua
1. Emd or TUAUB Ybaa
din P 11 ■ '' » "■
,
2. Other ReMrve Funds Otemiie below):
8. Totals or Itxms 1 and 2
$
»
4. Total of Columna 2 and 3, as shown in Item 3 above
6. Mean of the Reserve Funds for the Taiable Year (one-half of It«m 4) ..
ft. percent of the Mean of the Reserve Funds, &b shown in Item 5 (see Instruction 6) ™— , ™ $.
7. Total Reflcrve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach atatement), S.
8. Percentage which Item 7 ia of Item 3, Column 3 (compute a fraction of 1 percent to three decimal figures)
8. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above.
SCHEDULE B~INVESTED ASSETS BOOK VALUES
LIFE DEPARTMENT
OTHEK DEPARTMENTS
1. IIKIO
Z. Beomnino or Taubls Yui
a. End or Taxibu Ysia
4,B.o.™,»oofT.i^.L.y.».
!. E»i. 0, T^v... V...
$„. .
$.. -
$ .._.
s
3. Collateral Loans
■""-
—
.._..
4. Policy ans. ncu g
■ °" ^ f C ^ f
7. Wholly and partially Tax-exempt Obligations:
(o) Obligations of a State, Territory, or politi-
caTsubdi vision thereof, or the District of
Coluhibia, or United States Possessiona..
(6) Obligations issued under Federal Farm
(c) Obligations' of United States issued on or
id) Treasury Notes, Treasury Bills, and
(«) United SUtes Savings Bonds and Treas-
ury Bonds owned in the principal
CO United States Savings Bonds and Treas-
ury Bonds owned in the principal
(j) Obligations of instrumentalities of the
United States (other than obligations to
S Ba k D "^^^B 1 tere t
9. Other Interest-bearing Assets (attach statement).
10. Totals or Items 1 to 9
S
$
$
s
!l. Total of Columns 2 to 5, inclusive, as shown in Item 10 above — _ _ „ _ S-
12. Mean of the Invested Ajssets for the Ta.\ablc Year (one-half of Item II) _ _ - $..
13. One-fourth of I percent of the Mean of the Invested Assets - - S-
SCHEDULE C— EXPLANATION
or DEDUCTION FOR DEPRECIATION (See Inslr
uution 11)
"C0M3TBVC7ID)
-—»
(iNDtClIB Ba9U)
sfi^rl;
tS^
'V££'T
7. Li.. UiED
|S
This Ylia
s
$._
$
i
$
^^
1. Date of incorporation -
2. Under the laws of what State or country? _ _
3. Did the company file a return under the same name for the preceding
taxable year? _ _ Was the company in any way an outgrowth,
result, continuation, or reorganization of a business or businesses in existence
during this or any prior year since December 31, 1917? If
nd address ot" each predet
r business, and the
date of the change in entity:
Upon auch change were any asset values increased or decreased?
4. State the amount of deferred dividend funds at the end of the ta.xable
year, exclusive of any amount held for i>ayment« during the following taxable
5. Describe method used for determining Investment expenses shown in
Item 8, page 1 — „ — - — — —
6. Is the method the same as that used in preparing the Gain and Loss
Exhibit for 1935? .._ _ If not. state change and reason therefor:
7. Are any general expenses in part assigned to or included in the investment
expenses shown in Item 8, page I?
PREPARATION OP RETURN (Sec Instruction 20)
8. Did any person or persons advise the company in respect of any question
or matter affecting any item or schedule of this return, or as^sist or advise tho
company in the preparation of this return, or actually prepare this return for
the company? If so. give the name and address of such
■ adv
return and the t
or persons
radv;
which it was fumiibcd to or obtained by such person
INFORMATION RETURN
9. Did th« company make a return of information o
•M Instnietioa 31) (or tbe calendar yew 1930? .
Forma 109C and 1099
STATISTICS OF INCOME
215
INSTRUCTIONS
The Instrnetions Numbered 1 to 12 Cocrespond with the Item Namben on Page 1 of the Returo
GROSS INCOME AND DEDUCTIONS
1. Interest — Enter as item 1 interest received from ail
•during the taxable year. Interest on bonds is considered income
when due and payable.
2. Dividends. — Enter as item 2 (a) the amount received as
dividends (1) from a domestic corporation which is subject to taxa-
tion under Title I of the Revenue Act of 1936 other than a corporation
•entitled to the benefits of section 251 of the Revenue .\ot of 1936
and other than a corporation organized under the China Trade Act,
1922. Enter as item 2 (6) dividends from a domestic corporation
■which is not subject to taxation under Title I of the Revenue .\ctof
1936. Enter as item 2 (c) dividends from a foreign corporation and
•dividends from a corporation entitled to the benefits of section 251
of the Revenue Act of 1936 and a corporation organized under the
•China Trade Act, 1922. Submit schedule, itemizing all dividends
received during the year, stating amounts and names and addresses
•of the corporations declaring the dividends.
3. Rents.— Enter as item 3 rents received from tenants.
4. Total income.— Enter as item 4 the total of items I to 3,
inclusive.
5. Interest exempt from taxation.— Enter as item 5 the amount
of interest which is wholly exempt from taxation under the provisions
of section 22 (b) (4) of the Revenue Act of 1936.
See Instruction 15 with respect to partially tax-exempt interest
which is allowed as a credit against net income.
6. Percentage of the mean of the reserve fimds.— Enter as item 6
the amount reported as item 6 in Schedule A. There may be
•deducted from gross income an amount equal to 4 percent of the
mean of the reserve funds required by law and held at the beginning
and end o( the taxable year, except that in the case of any such reserve
fund which is computed at a lower interest assumption rate, the rate
of 3?i percent shall be substituted for 4 percent. Life insurance
companies issuing policies covering life, health, and accident in-
surance combined in one policy issued on the weekly premium pay-
ment plan, continuing for life and not subject to cancelation, shall
be allowed, in addition to the above, a deduction of 3?J percent
of the mean of such reserve funds (not required by law) held at the
beginning and end of the taxable year, as the Commissioner finds
to be necessary for the protection of the holders of such policies
only. For definition of "allowable reserves" see Article 203 (a)
(2)-l, Regulations 94.
7. Two percent of the reserve held for deferred dividends.— Enter
as item 7 an amount equal to 2 percent of the reserve held at the end
ot the taxable year for deferred dividends the payment of which is
deferred for a period of not less than 5 years from the date of the
policy contract. Do not include in such reserve dividends payable
during the following t-axable year.
S. Investment expenses.— Enter as item 8 expenses paid which
are properly chargeable to investment expenses, the total amount
of which, if there be any allocation of general expenses to investment
expenses, should not exceed one-fourth of 1 percent of the mean of
the invested assets reported in item II, ScJieduleB. Submit a sched-
ule showing the nature and amount ot the" items included herein, the
minor items being grouped in one amount. See section 203 (a) (4)
ot the Revenue Act of 1936. For definition ot "general expenses"
see Article 203 (a) (4)-l, Regulations 94.
9. Taxes.— Enter as item 9 taxes paid exclusively upon real
estate owned by the company and taxes assessed against individual
shareholders and paid by the company without reimbursement, as
provided in section 203 (a) (5) of the Revenue Act of 1936. Do not
include ta.\es assessed against local benefits ot a kind tending to
increase the value ot the property assessed, as tor paving, sewers, etc.
For limitation on deduction see Article 203 (b)-l, Regulations 94.
10. Real estate expenses.— Enter as item 10 all ordinary and
necessary building expenses, such as fire insurance, heat, light, labor,
•etc., and the cost ot incidental repairs which neither materially add
to the value of the property nor appreciably prolong its lite, but
keep it in an ordinarily efficient operating condition. Do not include
any amount paid out for new buildings or for permanent improve-
ments or betterments made to increase the value of any property
■or any amount expended on foreclosed property before such prop-
erty is held forth tor rental purposes For limitation on deduction
see Article 203 (b)-l, Regulations 94.
11. Depredation. —The amount deductible on account of depre-
ciation in item 11 is an amount reasonably measuring the portion
of the investment in depreciable property by reason of exhaustion,
wear and tear, or obsolescence, which is properly chargeable against
the operations ot the year. In- any event the deduction is limited
to the depreciation on the property that is used, and to the extent
jised, for the purpose of producing the income specified ia section
202 (a) of the Revenue Act of 1936. II the property was acquired by
purchase on or after March 1, 1913, the amount of depreciatioa
should be determined upon the basis of the original cost (not re-
placement cost) of the property, and the probable number of years
remaining of its expected useful life. In case the property was
purchased prior to March 1, 1913, the amount ot depreciation will bo
determined in the same maimer, except that it will be computed on
its original cost, less depreciation sustained prior to March 1, 1913,
or its fair market value as of that date, whichever is greater. If the
property was acquired in any other manner than by purchase, see
section 114 of the Revenue Act ot 1936. The capital sum to be
recovered should be charged off ratably over the useful life of the
property. Whatever plan or method ot apportionment is adopted
must be reasonable, must have due regard to operating conditions
during the taxable year, and should be described in the return.
If a deduction is claimed on account of depreciation. Schedule C
should be filled in. In case obsolescence is included, state separately
amount claimed and basis upon which it is computed. Land values
or cost must not be included in the schedule, and where land and
buildings were purchased tor a lump sum the cost of the building
subject to depreciation must be estabUshed.
The adjusted property accounts and the accumulated depreciation
shown in the schedule should be reconciled with those accounts as
reflected on the books of the taxpayer.
Slocks, bonds, and like securities are not subject to exhaustion,
wear and tear, within the meaning ot the law.
Sec sections 23 (1), 1 14, and 203 (a) (6) of the Revenue Act ot 1936.
For limitation on deduction see Article 203 (b)-l. Regulations 94.
12. Interest on indebtedness. — Enter as item 12 the amount of
interest paid during the taxable year on the company's indebtedness,
except on indebtedness incurred or continued to purchase or carry
obligations (other than obligations of the United States issued after
September 24, 1917, and originally subscribed for by the taxpayer)
the interest upon which is wholly exempt from taxation. Interest
paid on dividends held on deposit and surrendered during the ta.x-
able year should be included in this item. Do not include any
interest paid on deferred dividends on which a deduction was
allowed under item 7.
It a life insurance company pays interest on the proceeds of life
insurance poUcies left with it pursuant to the provisions of supple-
mentary contracts, not involving hfe contingencies, or similar con-
tracts, the interest so paid shall be allowed as a deduction from gross
income, except that such deduction shall not be allowed in respect
ot interest accrued in any prior taxable year to the extent that the
company has bad the benefit of a deduction ot 4 percent or 3!{
percent, as the case may be, of the mean ot the company's liability
on such contracts, by the inclusion ot such liability in its reserve
funds.
13. Rental value of real estate. — The deduction included in items
9 to 11 on account ot real estate owned and occupied in whole or
in part by the company shall be limited to an amount which bears
the same ratio to such deduction (computed without regard to sub-
section (b) ot section 203 ot the Revenue Act ot 1936) as the rental
value of the space not so occupied bears to the rental value ot th«
entire property. (Submit detailed schedule.)
14. Items not deductible.— No deduction is allowable tor the
amount of any item or part thereof allocable to a class of e.tempt
income, other than interest. Items directly attributable to such
exempt income shall be allocated thereto, and items directly
attributable to any class of taxable income shall be allocated to such
taxable income. A taxpayer receiving any exempt income, other
than interest, or holding any property or engaging in any activity
the income from which is exempt shall submit with its return as a
part thereof an itemized statement, in detail, showing (1) the amount
ot each class of exempt income, and (2) the amount ot items allocated
to each such class (the amount allocated by apportionment being
shown separately).
CREDITS AGAINST NET INCOME
15. Enter as item 16 the amount of interest included in gross
income which is partially exempt from taxation under the provUioas
ot section 22 (b) (4) ot the Revenue Act ot 1936.
16. Enter as Item 17, 85 percent ot the amount received as divi-
dends from a domestic corporation which is subject to income tax
under the Revenue Act of 1936 — 85 percent ot Item 2 (a).
CREDIT FOR TAXES
17. If credit is claimed in item 20 for income tax paid to a foreign
country or possession ot the United States, Form 1118, together
with the receipt for each such tax payment, must be submitted with
this return. If credit is claimed for taxes accrued a bond may also
be required on Form 1119. A foreign company is not entitled to
claim this credit. t-inn
216
STATISTICS OF INCOME
UST OF ATTACHED SCHEDULES
IS. Attach a list of the schedules accompanying this return, giving
for e-ach a brief title and the schedule number. Place name and
address of company on each schedule.
COMPANIES REQUIRED TO FILE A RETURN
19. Liability. —Every domestic life insurance company and every
foreigii life insurance company carrying on an insurance business
within the United States or holding reserve funds upon business
transacted within the United States, issuing life insurance and annuity
contracts (including contracts of combined life, health, and accident
insurance), the reserve funds of which held for the fulfillment of such
contracts comprise more than 50 percent of its total reserve funds,
shall file a return on this form. See sections 201 to 203 of the Revenue
Act of 1936.
20. Basis of return. —A return on this form shall be rendered on a
cash receipts and disbursements basis in conformity with the annual
statement made to the State Insurance Department, instead of the
accrual basis.
21. Annual statemenL— A copy of the annual statement for life
insurance companies adopted by (he National Convention of In-
surance Comjnissioners for the year 193C, as filed with the Insurance
Department of the State, Territory, or District of Columbia, which
shows the reserves used in computing the net income reported on
theretum, together with copies of Schedule A (real estate) and Sched-
ule D (bonds and stocks), must accompany this return. Similar
copies for the preceding year must also be furnished, if not filed
with the return for the previous year.
22. Compensation of officers and employees. — If the company
ptiid to any officer or employee during the taxable year compensation
{or personal services in excess of $15,000, Schedule C-1 (copies of
which may be obtained from the collector of internal revenue) must
be filed, IN DUPLICATE, with and as part of this return.
PERIOD COVERED
23. The return shall be for the calendar year ended December 31,
1936, and the net income computed on the calendar year basis in
itccordance with the State laws regulating insurance companies.
TIME AND PLACE FOR FIUNG
24. The return must be sent to the collector of internal revenue for
the district in wliich the company's principal place of business or
principal office or agency is located, so as to reach the collector's
office on or before March 15, 1937. In the case of a foreign company
maintaining an office or place of business within the United States,
the return shall be filed on or before June 15, 1937.
The collector of internal revenue may grant a reason abler extension
of time for filing a return, not to exceed 6 months, if application
therefor is made before the date prescribed by law for filing such
return, whenever in his judgment good cause exists.
AFFIDAVITS
25. The return shall be sworn to by the president, vice president,
or other principal officer, and by the treasurer, assistant treasurer,
or chief accountmg officer. Receivers, trustees in dissolution, trustees
in bankruptcy, and assignees, operating the property or business of
corporations, must make returns of income for such corporations.
If a receiver has full custody of and control over the business or prop-
erty of a corporation, he shall be deemed to be operating such
business or property, whetlier he is engaged in carrying on the busi-
ness for wliich the corporation was organized or only in marshaling,
selling, and disposing of its assets for purposes of liquidation. An
iittorney or agent employed to represent the company before the
Department is not permitted to administer the oath.
26. Question 8 at the foot of page 2 of the return should bo
answered fully, and wher^ the return is actually prepared by some
person or persons other than the taxpayer, such person or persons
must execute the affidavit at the foot of page 1 of th6 return.
PAYMENT OF TAX
27. The tax should be paid by sending with the return a check or
money order drawn to the order of "Collector of Internal Revenue
at (insert name of city and State)." Do not send cash by mail, nor
pay it in person except at the collector's office.
The tax may be paid at the time of filing the return, or In four
equal installments, as follows: The first installment shall be paid on
or before March 15, 1937, the second installment on or before June
15, 1937, the third installment on or before September 15, 1937,
and the fourth installment on or before December 15, 1937.
If any installment is not paid on the date fixed for its payment,
the whole amoimt of the tax unpaid shall be paid upon notice and
demand by the collector.
PENALTIES
28. For wiUfol failure to make and file a return on time. — Not
more than $10,000, or imprisonment for not more than I year, or
both, together with the costs of prosecution, and, in addition, 5
percent to 25 percent of the amoimt of the tax.
29. For THllfnlly attempting to evade or defeat payment of the
tax. — Not more than $10,000, or imprisonment for not more than 5
yeaJB, or both, together with the costs of prosecution.
30. For deficiency dae to negligence or fraud. — Five percent of the
amount of the deficiency if due to negligence or intentional disregard
of rules and regulations without intent to defraud, or 50 percent of
the amount of the deficiency if due to fraud.
INFORMATION AT SOURCE
31. Every insurance company shall make a return on Forms 1096-
and 1099 with respect to amoimts paid, credited, or distributed
during the calendar year (a) as salaries or other compensation for
personal services, totaling $1,000 or more in the case of a citizen or
resident who is not married or whose marital status is unknown, or
$2,500 or more in the case of a married citizen or resident, or {b) as
interest, "rent, premiums, annuities, or other fixed or determinable
income totaling $1,000 or more to a fiduciary, a domestic or resident
partnership, or a citizen or resident. The return on Forms 1096 and
1099 shall also include dividend payments, amoimting to $300 or
more during the calendar year 1936 to each shareholder who is an
individual (citizen or resident of the United States), a resident
fiduciary, or a resident partnership any member of which is a citizen
or resident, or pajTnents of dividends amounting to SloO or more
during the period from January 1, 1936, to July 1, 1936, inclusive,
to any shareholder who is a nonresident alien individual, a nonresi-
dent alien fiduciary, or a nonresident partnership. The forms will
be furnished by any collector of internal revenue upon request.
Sudi returns of information covering the calendar year 1936 must
be forwarded to the Commissioner of Internal Revenue, Sorting
Section, Washington, D. C, in time to be received not later than
February 15, 1937.
DUPUCATE RETURN
32. The copy of the return required to be filed on the duplicate
form (green paper) shall be a complete dupUcate of the return
except that it need not be signed or sworn to nor accompanied by
a copy of Schedule C-1 or a copy of the annual statement made ts>
the insurance department of the State, Territory, or District of
Columbia. For failure to file the duplicate return on time there
will be assessed $10, which will be payable upon notice by the
collector.
STATISTICS OF INCOME
217
RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN
RETURN OF PERSONAL HOLDING COMPANY
SUBJECT TO SURTAX UNDER SEQION 351 OF THE REVENUE ACT OF 1936
For Calendar Year 1936
or Fisci! Yur liepiii 1936, aid ended 1937
Do net «rlte in thete cpMM
I(*T£aM4L BBTKNDt StavlCt
(Auditor's Sl«mp)
File
Code _
Serid
Nonber __
PRINT PUAINLY CORPORATION'S NAME AND BUSINESS ADDRESS
" (NiiJi
(Ceililer'e St«mp)
(S'lnil ud :i<iii>b;^|
(Kil oSci iCmmy) Isuu'i
Ca.h Check M. O. Ceet. at ind.
U ii Eueotial Val lUs Form be Campkkl; Tilled In lirespectin <l An; Sblemnb. S<h<iliilei,
or Reporit Submitted Herewith
Flrel Pejrmenr
$ _ _ _.
I though under section 351 (d) of the Revenue Act ot 1936 the surtax does not apply. In such event onlf
Did any person or pereoos advise the corporation in respect of any questioa or matter affecting any item or schedule of this return, or assist or advise the
eorporatioii in the preparation of this return, or actually prepare this return for the corporation? If so, give the name and addrcas of such pereoa
(Answer "yes "or "no")
or pereonfl and state the nature and extent of the assistance or advice received and the items and schedules in respect of which the assistance or advice waa received;
if this return was actually prepared by any person or persons other than the corporation, state the source of the informatioo reported in this return and the
1 which it was furnished to or obtained by such person or persons „
.ctually prepared by some person or persons other thaa the corporation, such person
ADJUSTED NET INCOME (see Instruction 5)
(as defined in Title I of the Revenue Act of 1936) ,
Krar-profits, and excess-profits taxes (aot deducted is compuUDx lum l) i
Less: Federal inc<
Contributions or gifts (Dot deducted la oomputlng lUm 1) (fraii
Losses from sale or exchange of capital assets (diaoltoved
Income tax paid to a foreign country or U. S. possessi'
Total op items 2 to 5
ADJUSTED NET INCOME aiem i miaoaiwmo)
eC)..
UNDISTRIBUTED ADJUSTED NET INCOME (see Instnictlon 5)
8. Adjusted net income (It«m7aboM) (Enter in both colurana)
0. Leas: Dividends from personal holding companies (irom Scbeduls A)
10. Balance (Ilam 8, o-lumn l. minus Item 8) _
11. 207c of Item 10
12. Amount used or set aside to retire indebtedness (trom SdwduU E) (an IiutnicUoo a).
13. Dividends paid credit
14. Total op items 11 to 13
16. UNDISTRIBUTED ADJUSTED NET INCOME atam8.«Iama2. mlmu I
COMPUTATION OF TAX
le. Surtax c
17. SurtAX c
18. Surtax <
10. Surtax c
SO. Surtax t
31.
1 portioD of Item 15 o
I portion of Item 15 i
1 portion of Item 15 i
1 portion of Item 15 i,
1 portion of Item 15 i
TOTAL SURTAX (Amount of s
icess of $2,000
s of $2,000 and not in (
9 of $100,000 and not i
a of $500,000 and not i
8 of $1,000,000
s of $100,000
eea of $500,000.—
ess of $1,000,000..
AFFIDAVIT (see Instruction 7)
We, the undersigned, president (or vice presideot, or other principal officer) and treasurer (or assistant treasurer, or chief accounting officer) of the corpora-
tion for which this return is made, being severally duly sworn, each for himself deposes and says that this return (including^ any accompanyingachcdulea and
statements) has been examined by him and is, to the beat of hia knowledge and behef, a ' ' ' "' " ' — --■-
year stated, pursuant to the Revenue Act of 1936 and the Regulations issued thereunder.
, correct, and complete return, made in good faith, for the taxable
Subscribed and e
r pnadpol offloet)
{notabialI
bbal J
(SlrnMun of ofDa
1/we swear (ot affirm) that I/we prepared this return for the person named herein and that the return (including any accompanying schedules and aUtemenU)
I true, correct, and complete statement of all the information respecting the additional graduated income tax or surtax liability of the person for whom this
urn has been prepared of which I/we have any knowledge.
Subscribed and g
; this day of
I BCAL J
(Slfuiun ol offlcvT ftdmlalflteiinc oaCb)
iremptoTW. tfaar^
218
STATISTICS OF INCOME
SCHEDtJlE A— DlTldenda Becdred from PenoBal Holding Computes
Null AND A&DKKM or PXSSONAf BOLDDIO COtfrilT
Tf>TAL (eoter aa Item 9)..
SCHEDULE B— FedertI Income. Wu-Proflts, and Eicess-ProGts Taxea
SCHEDULE C— Statement of Contribntiona (see Instraction 5)
NANS OT OROAMSATIOK
amoont Pajb
Name o? OEOAHiztTioM
AllOCMT Fa0
s
s. ... . -
Total CoNxiUBOTiONa (enter as Item 3)
$
SCHEDULE D— Payment of Sortaz on Pro Rata Shares (see Instruction 11)
<F1II Inonljlf eerllon JSI(d) of the B«*cnu Act «r I33C >pf ties)
Naub akd Addblss or Each Shaeihoidsb
.„^«^.'?s;iHT.'„'ff.^
Sbareholdbk
Total (if different from Item 7 Bubmit explanation). _ | S
SCHEDULE E— Deductions Claimed for Amonnls Used
or Sel Aside to Retire Indebted
ness Incurred Prior to January
,1934
,,.„..™..»
'?;'>tJ,='°
Di'K Date)
'gf3H-
°T?ElE%!r
.B.u»eE
T^?A'iiVE^"
• TOT.i Fvm on R«.
8ERV1 to Date
Mo- Do, Yio,
,
,
t-
,
,
»
1
:;;:;::::::;:;;:;::;
.-...
STATISTICS OF INCOME
2m
TITLE lA. REVENUE ACT OF 1936
ADDITIONAL INCOME TAXES
S«c. 361. SURTAX ON PERSONAL HOLDING COMPANIES.
(a) IMPOSITION OP TAX.— There shall be levied, collected, and paid.
for each taxable year (in addition to the taxes imposed by Title I), upon the
undistributed adjusted net income or every personal holding company a surtax
equal to the sum of the following:
(1) 8 per centum of the amount thereof not io excess of $2,000; plus
(2) 18 per centum of the amount thereof in excess of $2,000 and not io excess
of $100,000; plus
(3) 28 per centum of the amount thereof in excess of $100,000 and not in
exccGS of $500,000; plus
(4) 38 per centum of the amount thereof in excess of $500,000 and not io
excess of $1,000,000; plus
(5) 48 per centum of the amount thereof in excess of $1,000,000.
(b) DEFINITIONS.— As used in this title-
(1) The term "personal holding company'* means any corporation (other
than a corporation exempt from taxation under section 101, and other
; for the taxable year is derived from royalties, dividends, im
C6t, annuities, and (except in the case of regular dealers in stock or
securities) gains from the sale of stock or securities, and (B) at any
lime during the last half of the taxable year more than 50 per centum
in value of its outstanding stock is owned, directly or indirectly, by or
for not more than 6ve individuals. For the purpose of determining the
ownership of stock in a personal holding company — (C) stock owned,
directly or indirectly, by a corporation, partnership, estate, or trust
shall be considered as being owned proportionately by its shareholders,
partners, or beneficiaries; (D) an individual shall be considered as
owniftg, to the exclusion of any other individual, the stock owned,
directly or indirectly, by his family, and this rule shall be applied in
such manner as to produce the smallest possible r\umber of individuals
owning, directly or indirectly, more than 50 per centum in value of the
outstanding stock; and (E) the family of an individual shall include
only his brothers and sisters (whether by the whole or half blood),
spouse, ancestors, and lineal descendants.
(2) The term "undistributed adjusted net income" means the adjusted net
sthes
1 of:
rthe
are allowable as a credit for the purposes of the tai imposed by section
13 or 204;
(B) Amounts used or set aside to retire indebtedness incurred prior to
January I, 1934. if such amounts are reasonable with reference to the
size and terms of such indebtedness; and
(C) The amount of the dividends paid credit provided in section 27,
computed without the benefit of subsection (b) thereof (relating to the
dividend carrynDver).
(3) The term "adjusted net income" means the net income minus the sum of;
(A) Federal income, war-profits, and excess-profits taxes paid or
accrued during the taxable year to the extent not allowed as a deduction
by section 23, but not including the tax imposed by this section or a
corresponding section of a prior income-tax law;
(B) Contributions or gifts, not otherwise allowed as a deduction, to
or for the use of donees described in section 23 (o) for the purposes
therein specified, including, in the case of a corporation organized prior
January 1, 1934; and
(C) Losses from sales or exchanges of capital assets which
allowed as & deduction by section 117 (d).
(4) The terms used in thii
in Title I.
(c) ADMINISTRATIVE PROVISIONS.— All provisions of law (including
penalties) applicable in respect of the taxes imposed by Title I of this Act,
shall insofar as not inconsistent with this section, be applicable in respect of the
in^posed by this section, except that the pro' '
1 shall have the s
ling as when used
131 of that
title shall not be applicable.
(d) PAYMENT OF SURTAX ON PRO RATA SHARES.— The tax im-
posed by this section shall not apply if (1) all thesbareholdors of the corporation
include (at the time of filing their returns) ia their gross income their entire
pro rata shares, whether distributed or not, of the adjusted net income of the
corporation for such year, and (2) 90 per centum or more of such adjusted net
income is so included in the gross income of shareholders other than corporations.
Any amount so included in the gross income of a shareholder shall be treated as
a dividend received. Any subsequent distribution made by the corporation out
of earnings or profits for such taxable year shall, if distributed to any shareholder
who has so included in his gross income his pro rata share, be exempt from tax
in the amount of the share so included.
(e) IMPROPER ACCUMULATION OF SURPLUS.— For surtax on corpo-
rations which accumulate surplus to avoid surtax on stockholders, see section 102.
INSTRUCTIONS
1. SURTAX ON PERSONAL HOLDING COMPANIES
Section 351 of Title IA imposes (in addition to the Uxes imposed by Title I) a
graduated income tax or surtax upon corporations classified as personal holding
companies. Corporations bo classified are exempt from the surtax on corpora-
tions improperly accumulating surplus imposed by section 102 of Title I, but
are not exempt from the other taxes imposed by that title. Unlike the surtax
imposed by section 102, the surtax imposed by section 351 applies to all personal
holding companies defined as such in Instruction 2 regardless of whether or not
they were formed or availed of to accumulate earnings or profits for the purpose
of avoiding surtax upon shareholders.
A foreie;n corporation, whether resident or nonresident, which is classified as
a personal holding company (Instruction 2), is subject Uj the tax imposed by
section 351 with respect to its income from sources within the United States.
2. CLASSIFICATION OF A PERSONAL HOLDING COMPANY
A personal holding company ia defined as any corporation (including foreign
as well as domestic corporations not otherwise exempt), first, 80 percent or
more of whose gross income for the taxable year was derived from royalties,
dividends, interest, annuities, end gains from the sale of stock or securities;
and, second, more than 50 percent in value of whose outstanding stock was
owned, directly or indirectly, at any time during the last half of the taxable
year by or for not more than five individuals. The only corporations specifically
exempt from this tax are as follow^; (1) Corporations exempt from taxation under
section 101 of Title I; (2) banks and trust companies, as defined io section 104;
(3) life insurance companies; and (4) surety companies.
It is the nature of the gross income and tt>e ownership of the outstanding stock
which determine the classification as a personal holding company, and the several
conditions with respect to both must be 6.itibfied to bnng s corporation within
the classification. Gross income must be determined for the entire tartable year
and the ownership of the stock outstanding must be determined according to its
ownership at any time during the last half of the taxable year. ^ Inasmuch as
such circumstances can vary from year to ye^r, a corporation'msy constitute
a personal holding companv for some years and not for other years. In that
ease, the surtax liability shall be determined under section 361 only for the years
in which the corporation comes within the classification as a personal holding
The gross income for purposes of section 351 (b) (1) means (1) in the case of
a domestic corporation its gross income as defined in sections 22. 204, and 207
of Title I and (2) in the case of a foreign corporation, whether resident or non-
resident, its gross income from sources within the United SUtes as defined and
described in section 1 19. Gross income is not synonymous with gross receipts.
For example, in the case of a sale or exchange of property, it includes only the
excess of the amount realized therefrom over the adjusted basis provided for io
section 1 13 (b). It does not include gains which are not recognized under section
112 tb). In the case of a corporation reporting on the installment basis, it
includes only that portion of the gain returnable as income under section 44.
In the case of a manufacturing, merchandising, or mining business," gross
income" means the total sales. less the cost of goods sold, plus any income from
investments and from incidental or outside operations or sources. In determin-
ing gross income, subtractions should not be made for depreciation, depletion.
rdinarily ueed io computing the
defined in section 117 must be treated
^^^ _nd only those sales which individually resulted in
profits shall be considered in deterjnining the gains derived from such source.
" • ■■ - ' - - — '■■■ '--'- •- •— -'" -*- — : determined for
xpenses, or losses, or for
of goods sold. Sales of capital
leparate tram
3. NATURE OF GROSS INCOME
From the standpoint of the i
..v^ .„^ , , of thfe gross income, a corporation comes
rithjn the definition of a persona! holding company for any taxable year when
80 percent or more of Its gross income for such taxable year was derived from
the following sources:
(a) ffoya//i«.— The term "royalties" includes amounts received for the use
of or for the privilege of using patents, copyrights, secret processes and formulas,
good will, trade marks, trade brands, franchises, and other like property. It
does not include rents, nor overriding royalties received by an operating com-
pany. As used in this paragraph the term "overriding royallies" means amounts
receivtti from a sublessee by the operating company which originally leased and
developed the natural resource property in respect of which such overriding
royalties are paid.
(6) DividmdB —The term "dividends" means dividends as defined in section
115 (a) It does not include stock dividends (to the extent they do not consti-
tute income to the ahareholdera within the meaning of the sixteenth amendment
to the Constitution). liquidaUng dividends, or other capiUl distributions
referred to In section 115 (c) and (d),
(e) /nterwr— The term 'nnterwrt" means any amounts, includible in gross
Ifioome under TiUe I, received for the use of loaned money.
(d) Annuities. — The term "annuities" refers only to annuities to the extent
includible io the computation of gross income under Title 1.
(c) Gains from the sale of stock or securities. — The term "gains from the sale
of stock or securities" applies to all gains (including gains from liquidating
other organisation classified as a corporation by the Act), certificates of interest
or participation in any profit sharing agreement or in any oil, gas, or other min-
eri^l royalty or lease, collateral trust certificates, voting trust certificates, stock
rights or warrants, bond-*?, debentures, certificates of indebtedness, notes, car
trust certificates, bills of exchange, obligations issued by or on behalf of ft
Government, State, Territory, or a political subdivision thereof, etc.
In the caee of "regular dealers in stock or securities" the term does not include
gains derived from the sole or exchange of stock or securities made in the
normal course of business. The terra "regular dealere in stock or securities"
means corporations with an esfabliahcd place of business regularlv engaged in
the purchase of stock or securities and their resale to customers. Such corpora-
tions are not dealers with respect to stock or securities held for speculation or
investment.
4. STOCK OWNERSHIP
From the standpoint of the ownership of the outstanding stock, a corporation
comes within the definition of a personal holding company for any taxable
year if at any time during the last half of the taxable year more than 50 percent
in value of the stock outstanding was owned, directly or indirectly, by or for
not more than five individuals. The ownership of the stock shall be determined
in accordance with the following rules:
(a) All forms and classes of stock, however denominated, which represent
the interests of the shareholders, members, or beneficiaries in the corporation
ehaJJ be taken int.o ronsideration. For the purpose of determining such ownei^
ship, the Act provides that stock owned, directly or indirectly, by a corporation,
Eartnership. estate or trust shall be considered as being owned proportionately
y its shareholders, partners, or beneficiaries.
(b) The stock outstanding onlv during the last half of the taxable year shall
be taken into cocsideration. lio«-ever, and in the event of any change io
the stock outstanding during such period, whether in the number of ohares or
classes of stock or v.hether in the ownerehip thereof, the conditions existing
immediately prior and subsequent to each change must be taken into consider-
ation, since a corporation comes within the classification if the statutory condi-
tions with respect to stock ownership are present at any time during the period
specified.
(c) The stock' owned by an individual shall include all stock in the same
corporation owned, directly or indirectly, bv the members of his family. For
this purpose the family of an individual snail include only his brothers and
sisters (whether by the whole or half blood), spouse, ancestors, and lineal de-
scendants. The Act further provides that this rule shall be applied in such
manner as to produce the minimum possible number of individuals owning, di-
rectly or indirectly, more than 50 percent in value of the outstanding stock.
For example, the M corporation at some time during the last half of the taxable
year tiad 1,800 shares of outstanding stock. 450 of which were held by v--
Relationbeik
B^.„
s..«„
8.,.„
B=..„
s...»
«I
fes :
BP io
B3B3 M
CWBW
:
h i
E »
^T^Si ^»}f ™^''-"' -
llw" "
DLs w>fv's brotbei's wire
EWBW 110
In the above example by applying the statutory rule, five individuaU owned
more than 50 percent of the outstanding fltock aa follows:
A (including AF. AW, AB, AS, ASHS) _ 160
B (including BF. BW, BB. BS, B3HS) 160
CW (including C, CS, CWF, CWB) 220
DB (including D, DF, DBW1 _ - 200
EWB (including EW, EWF, EWBW) _._ 170
TOTAI, OB MOM THAN 50 PEBCINT »J0
It will be not«d that individual A represcnta the obvious caae where the bead
of the family owns the bulk of the family stock and naturally ia the head at
220
STATISTICS OF INCOME
aod D rcprescDt cases where the individuals fall in groups headed ._ _
by hia wife and in D's case by his brother because of the preponderance of
holdings on the part of relatives by marriage. Individual E represents the case
where the preponderant holdings of others eliminate that individual from the
group.
(rf) In determining whether the etatutory conditions with respect to stock
ownership arc present at any time during the period specified, the phrase "in
value" shall, in the light of all the circumstances, be deemed the value of the
corporate stock outstandmg at such time (not including treasury stock). This
value may be determined upon the bat;iB of the company's net worth, earning
and dividend paying capacity, appreciation of assets, and any other factor
having a bearing upon the value of the stock. If a value of stock is used
which ia greatly at variance with that reflected by the corporate books, the
evidence upon which such valuation is based should be filed with the return-
In any case where there are two or more classes of stock outstanding, the total
value of all the stock should be allocated among the different classes according
to the relative value of each class therein.
6. COMPUTATION OF UNDISTRIBUTED ADJUSTED NET INCOME
In ascertaining the tax basis for personal holding companies, the "adjusted
net income" is first computed. This is accomplibhed iu the case of a domestic
corporation by subtracting from the corporate net income, as defined in Title I,
the amount of (a) Federal income, war-profits, and excess-profits taxes paid or
accrued during the taxable year to the extent not allowea as a deduction by
section 23, but not including the tax imposed by section 351 or corresponding
sections of prior Revenue Acts; {b) contributions or gifts not otherwise allowed
as a deduction to or for the use of donees described in section 23 (o) for the pur-
poses therein specified, including, in the case of a corporation organized prior
to January 1, 1936, to take over the assets and liabilities of the estate of a
decedent, amounts paid in liquidation of any liability of the corporation based
on the liability of the decedent to make any such contribution or gift, to the
extent such liabdity of the decedent existed prior to January 1, 1934; and (r)
losses from sales or exchanges of capital assets which are disallowed as a deduc-
tion by section 117 (d). In the case of a foreign corporation, whether resident
or nonresident, which files or causes a return to be filed, the "adjusted net
income" means the net income from sources within the United States (gross
defined and de - ■ ■
t of the deduci
in (a), (6), and (c), above. In the case of a foreign corporation, whether resi-
dent or nonresident, which files no return the "adjusted net income" means
the gross income from sources within the United States as defined and described
in section 119 less the deductions enumerated in (o), (b), and (c) above but
without the benefit of any deduotione under Title I. (See section 233.)
The "adjusted net income" includes interest upon obligations of the United
States and obligations of a corporation organized under Act of Congress, if
such corporation is an instrumentality of the United States, except as provided
in section 22(b)(4). The "adjusted net income" docs not include interest on
obligations of States or Territoriea of the United States or any poUtical sub-
division thereof or of the District of Columbia or of the possessions of the
United States.
The "undistributed adjusted net income" is computed by subtracting from
the "adjusted net income ' described above, (a) an amount equal to 20 percent
of the excess of the adjusted net income over the amount of dividends received
from personal holding companies which are allowable as a credit for the pur-
pose of the tax imposed by section 13 or 204, (b) reasonable amounts used or
set aside to retire indebtedness incurred by the taxpoyer prior to January 1,
1934 (see Instruction 6) . and (c) the amount of the dividends paid credit sUowed
under section 27, computed without the benefit of subsection (b) thereof.
The foreign tax credit permitted by section 131 with respect to the taxea
imposed by Title I is not allowed with respect to the surtax imposed by section
351. However, the deduction of foreign taxea under section 23(c) is permitted
for the purposes of the surtax even if for the purposes of the corporate tax
imposed by Title 1 a credit for such taxes is taken.
If, pursuant to a bona fide plan for the retirement of its bonds, debentures,
or similar obligations representing indebtedness incurred prior to January 1,
1934, for the purpose of raising capital (or asjsumed prior to that date in con-
nection with the acquisition of capital assets by which such indebtedness is
secured) the taxpayer —
(1) retires during the taxable year an amount of such indebtedness, or
(2) establishes a sinking fund or reserve for the retirement of such indebted-
ness during the taxable year, and sets aside in such fund or reserve
an amount for the retirement of such indebtedness —
in determining the undistributed adjusted net income for the taxable year, a
deduction from the adjusted net income is allowable in a 'reasonable amount
in respect of the amount so paid or set aside in such fund or reserve during the
taxable vear.
c piuft be reasonable, consider-
int, maturity, ond other terms
of the indebtedness. No deduction is allowable unless it appears, either from
ntin
tof c
ngB for the taxable year before distribution of
ioent must oe made c
such earnings may be made. The reasonableness of the deduction shall be
determined by existing conditions known at the close of the taxable year.
The fact that amounts have not been used or set aside in prior years will not.
entitle the taxpayer to deduct in any toxable year a greater amount than would
otherwise be allowable. Amounts paid or set aside to discharge current liabilities
for expenses, salaries, wages, taxes, interest, the purchase of any property for
resale, dividends, balaacea due brokers, bank or other commercial loans, or any
other current liability (whether represented by negotiable instruments, balaooed
on account, or otherwise) do not constitute allowable deductions. This is true
as respects liabiUties wMch are payable at the convenience of either the debtor
or the creditor, or on the demand of either.
No deduction will be permitted with respect to any item for which a deductioo
is otherwise allowable under Title IA or Title I of the Revenue Act of 1936 or
under any applicable prior income tax act.
A resolution, specifying the particular indebtedness to be retired, the plan of
retirement, and the specific assets to be used for that purpose, passed by the
board of directors or corresponding authority during the taxable period or prior
thereto, will be considered sufficient to meet the statutory requirement that the
amounts must be "set aside." A CERTIFIED COPY OF SUCH RESOLU-
TION MUST ACCOMPANY THIS RETURN.
The burden of proof will rest upon the taxpayer to sustain the deductioo
claimed. Therefore, the taxpayer must furnish the information required by
Schedule E of this return and such other information as the Commissioner may
require in substantiation of the deduction claimed.
7. SIGNATURES AND VERIFICATION
8. TIME AND PLACE FOR FILING
The return must be filed on or before the fifteenth day of the third month
following the close of the taxable year with the collector of internal revenue
for the district rn which is located the corporation's principal place of business
or principal office or agency. In the case of a foreign corporation the return
shall be filed on or before the fifteenth day of the sixth month following the close
of the taxable year. The return of a foreign corporation not having any office
or place of business in the United States shall be filed with the CoUector of
Internal Revenue, Baltimore, Maryland.
The collector of internal revenue may grant a reasonable extension of time
9. PAYMENT OF TAX
Checks or money orders in payment of the tax should be drawn to the order
of "Collector of Interiial Revenue at (insert name of city and State)." Do not
send cash by moil, nor pay it in person except at the collector's office.
The total amount of tax may be paid when the return is filed or in four equal
installments as follows: The first installment shall be paid on or before the date
prescribed for filing the return, the second installment shall be paid on or before
the fifteenth day of the third month, the third installment on or before the
fifteenth day of the sixth month, and the fourth installment on or before the
fifteenth day of the ninth month, after the date prescribed for paying the first
installment.
If any installment is not paid on the date fixed for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
10. PENALTIES
For willful failure to make and file return <
or imprisonment for not more than one year,
percent of the amount of the tax.
For willfully
an $10,000 oi
with the costs of pr<
For deficiency due to negligence or fraud. — Five percent of the amount of the
deficiency if due to negligence or intentional disregard of rules and regulations
without intent to defraud, or 50 percent of the amount of the deficiency if due
11. PAYMENT OF SURTAX ON PRO RATA SHARES
The surtax imposed by section 351 does not apply to any taxable year if (1)
all the shareholders of the corporation, that i.*;, every shareholder of record as
of the last day of the taxable year, include at the tune of filing their returns, in
their gross income their entire pro rata shares, wliciticr distributed or not, nf
the adjusted net income of the corporation for tli'* i i ^i !■ r urh corpora-
tion ending with or during their taxable years (..i • i . i.r such pur-
pose may not be used) ana (2) 90 percent or nior- i ' ■ r ; ■. i .[i'k adjusted
net income is included in the gross income of slur' [^ i ni.m corpora-
tions— i. e., taxpayers subject to normal tax and ^iiit.i\ mu ii.li'. iJuals. If all
the shareholders elect to adopt this alternative mctiiud, the pro rata shares of
the corporation's adjusted net irtcome so included in the gross income of a
shareholder shall be treated as a dividend received, and any subsequent dis-
tribution made by the corporation out of the earnings or profits for such taxable
year shall, if distributed to any shareholder who has so included in his gross
income his distributive share, be exempt from tax in the amount of the share so
included.
The tax imposed by section 351 is in addition to, and is separate and distinct
from, the normal tax imposed by section 13 and the surtax imposed by section
14, both of which apply notwithstanding the election of all the shareholders.
12. DUPLICATE RETURN
The copy of the return required to be filed on the duplicate form (ercen paper)
shall be a, complete duplicate of the return except that it need not be signed or
sworn to. For failure to file the duplicate return on time there will be assessed
$10, which will be payable upon notice by the collectot
INDEX
A
Accounts and notes payable: Page
Consolidated returns of railroads ^.^^ 34
Industrial groups 82-90
Industrial groups and total assets classes 99_119
Returns with net income and with no net income 26
Total assets classes _ _ _ 92-97
Years, 1926 through 1936 51-52
Accounts and notes receivable:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 90-119
Returns with net income and with no net income 25
Total assets classes 92-97
Years, 1926 through 1936 51-52
Aerial transportation 66
Affiliated corporation returns. (See Consolidated returns, railroads.)
Agriculture and related industries:
Assets and liabilities, classified 82
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 70, 74, 78, 82
Frequency distribution by certain basic classifications 139, 150, 167
Industrial subgroups 62
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 99
Years, 1927 through 1936 120
Airplanes, seaplanes, etc., manufacture of 65
Amended returns, text 4
Amusements — Tlieaters, motion-picture producers, motion-picture thea-
ters, circuses, race tracks, etc 67
Anthracite coal, mining 62
Assets :
Capital. (See Capital assets.)
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-1 19
Returns with net income and with no net income 25
Text 25,27,30
Total assets classes 31, 92-97, 99-119
Years, 1926 through 1936 51-52
Automobiles, manufacture of (see also Motor vehicles, complete or parts). 65
Autobus lines, taxicabs, etc 66
Bad debts: ^
Consolidated returns of railroads 33
Indubirial groups 70-81, 82-91
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Bakery and confectionery products, manufacture of 62
Banking and related industries 68
Beer, manufacture of (see also Liquors) 63
Beverages, soft drinks, manufacture of; distilling, etc 63
Bituminous coal, lignite, peat, mining of 62
Blast furnaces, steel mills, rolling mills, products of, etc., manufacture of_. 65
Bonded debt and mortgages:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-119
Returns with net income and with no net income 26
114338—39 15 221
222 INDEX
Bonded debt and mortgages — Continued. Page
Total assets classes _ 92-97
Years, 1926 through 1936 51-52
Bone, celluloid, ivory, etc., manufacture of 64
Boots, shoes, slippers, etc., manufacture of:
Leather 63
Rubber 64
Brokers, stock and bond, etc 68
Building and construction above ground and under ground 65
Building materials and supplies (metal), manufacture of 65
Business service — Detective bureaus, trade shows, etc 67
Bus lines (see also Autobus lines) 66
C
Canned products — Fish, fruit, vegetables, etc., manufacture of 62
Capital assets — Land, buildings, and equipment:
Consolidated returns of railroads 34
Gross capital assets, by industrial groups 28-29
Industrial groups 82-90
Lidustrial groups and total assets classes 99-119
Net capital assets by industrial groups 28-29
Reserves for depreciation and depletion (except on land), by industrial
groups 28-29
Returns with net income and with no net income 25
Text 25-27
Total assets classes 92-97
Years, 1926 through 1936 51-52
Capital net gain. (*See Net capital gain.)
Capital net loss. {See Net capital loss.)
Capital stock:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-1 19
Returns with net income and with no net income 25
Total assets classes 92-97
Years, 1926 through 1936 51-52
Carpets, floor coverings, etc., manufacture of 63
Cartage and storage 66
Cash:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-1 1 9
Returns with net income and with no net income 25
Total assets classes 92-97
Years, 1926 through 1936 51-52
Cash dividends paid:
Consolidated returns of railroads 33
Increase, 1936 over 1935 21
Industrial groups 70-81, 82-91
Industrial groups and total assets classes 99-119
Net income classes 19-20
Submitting and not submitting balance sheets 24
Total assets classes 92-97
Years, 1922 through 1936 21
Chemicals and allied products, manufacture of:
Assets and liabilities classified 87
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 72, 76, 80, 87
Frequency distribution by certain basic classifications 144,
158-159, 175-176, 186
Industrial subgroups 64
Reserves for depreciation and depiction 28-29
Returns with net income and with no net income 9-10
Total assets classes 109-110
Years, 1926 through 1936 122
Chemicals and allied substances — Drugs, oils, soaps, etc., manufacture of.. 64
Chemicals proper, acids, compounds, etc., manufacture of 64
Clay products, manufacture of (see also Stone, clay, and glass products) __ 64
INDEX 223
Clothing and apparel, manufacture of: Pagt
Assets and liabilities, classified 85
Capital assets, gross and net 28-29
Compiled receipts and deductions 71, 75, 79, 85
Frequency distribution by certain basic classifica-
tions 141, 154-155, 171-172
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income __ 8-10 64
Text 8
Total assets classes _ 105
Year 1936 .' 121
Coal mining (anthracite and bituminous) 62
Commission trade 67
Common stock:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-119
Returns with net income and with no net income 26
Total assets classes 92-97
Years, 1926 through 1936 51-52
Common carrier by railroad, defined 32
Comparability with previous reports, text 6
Compensation of officers:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Compiled deductions. (-See Deductions.)
Text 22-23
Compiled net profit (or net loss) :
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Industrial groups and total assets classes 99-119
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Compiled receipts. (See Receipts.)
Text 22-23
Consolidated returns of railroads:
Assets and liabilities, classified 34
Common carriers by railroad, defined 32
Dividends paid 33
Limitation of privilege of filing 32
Rate of tax 32
Receipts and deductions 33
Returns with net income and with no net income 33-34
Tax, amount 33
Text 2,32-33
'Construction:
Assets and liabilities classified 89
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified "73, 77, 81, 89
Frequency distribution by certain basic classifications. 147, 162-163, 179-180
Industrial subgroups 65
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 114-115
Years, 1927 through 1936 123
Construction, underground and on surface 65
'Contributions or gifts, deduction for:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
224 INDEX
Contributions or gifts, deduction for — Continued. Page
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-98
Years, 1926 through 1936, all returns 50
Years, 1926 through 1936, with balance sheets 53
Cost of goods sold:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Cost of operations:
Consolidated returns for railroads 33
Industrial groups 70-81, 82-90
Submitting and not submitting balance sheets 24
Text 23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 Ihrough 1936, with balance sheets 52-53
Cotton goods — Dress goods, plain cloth, etc., manufacture of 63
Credits:
Dividends paid 14-18
Income and profit tax paid foreign countries 4
D
Debt, bonded. {See Bonded debt and mortgages.)
Debts, bad. {See Bad debts.)
Deductions;
ConsoUdated returns of railroads 33
Contributions or gifts 24
Industrial groups 8-10
Eeturns with net income and with no net income 8-10
States 60-61
Submitting and not submitting balance sheets 24
Special deductions allowed life insurance companies 7
Text 3-4,23
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1926 through 1936, with balance sheets 52-53
Deficit:
Consolidated returns of railroads 33
Deficit classes 12, 20'
Deficit classes, by years 48
Fiscal and part-year returns 34-38
Industrial groups 8-10, 70-81, 82-90
Industrial subgroups 62-69
Industrial groups by total assets classes 99-119
Industrial groups by years, 1927 through 1936 120-124
States 61
States, by years, 1927 through 1936 125-135
Text 6-7
Total assets classes 31, 92-98, 99-119
Years, 1916 through 1936 47
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 62-53
Years, 1933 through 1936, deficit classes 48
Depletion :
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Reserves for___ 28-29-
Submitting and not submitting balance sheets 24
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
INDEX 225
Depreciation: Page
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Reserves for 28-29
Submitting and not submitting balance sheets 24
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Dividends paid:
Cash and stock, by years, 1922-1936 21
Consolidated returns of railroads 33
Credit for 14-18
Industrial groups 70-81, 82-90
Industrial groups and total assets classes 99-119
Net income classes 19-20
Submitting and not submitting balance sheets 24
Text 18,21
Total assets classes 92-97
Dividends received:
Consolidated returns of railroads 33
Frequency distribution by certain basic classifications 184-192
Industrial groups 70-81, 82-90
Net income classes 19-20
Submitting and not submitting balance sheets 24
Text 2, 18,43
Total assets classes 92-97
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Domestic service — Laundries, restaurants, etc 67
Drugs, etc., manufacture of (see also Allied chemical substances) 64
E
Electric light and power companies 66
Electric railways, etc 66
Electrical machinery and equipment, manufacture of 65
Excess-profits tax. {See Income and excess-profits taxes.)
F
Factory machinery, etc., manufacture of 65
Farming — Cotton, grain, stock, etc 62
Fertilizers, manufacture of 64
Finance:
Assets and liabilities, classified 90
Capital assets, gross and net 28-29
Compiled receipts and deductions, classified 73, 77, 81, 90-91
Frequency distribution by certain basic classifications 148, 165, 182, 192
Industrial subgroups 68
Nonresident foreign corporations not included 7-8
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Special deduction allowed life insurance companies 7
Total assets classes 117-118
Years, 1927 through 1936 124
Fiscal year returns:
Month in which fiscal year ended:
Returns with net income and with no net income 35
Net income and deficit classes:
Returns with net income and with no net income 36-37
Tax liability and collections 4-5
Text 34-35
Food and kindred products, manufacture of:
Assets and liabilities, classified 83
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 70, 74, 78, 83
Frequency distribution by certain basic classifications 140, 152, 169
Industrial subgroups 62-63
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
226 INDEX
Food and kindred products, manufacture of — Continued. Page
Total assets classes 101-102
Years, 1927 through 1936 120
Foreign taxes — Income and profits taxes paid foreign countries 2, 4
Forest products, manufacture of:
Assets and liabilities, classified 85
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 71, 75, 79, 85
Frequency distribution by certain basic classifications. 143, 156-157, 173-174
Industrial subgroups 64
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 107
Years, 1927 through 1936 12i
Forms :
1120, Corporation income and excess-profits tax return 204-212
1120L, Insurance company income tax return 213-216
1120H, Return of personal holding company 217-220
Frequency distribution of returns with net income and no net income by
major industrial groups:
Returns with balance sheets showing assets of $250,000 and over:
By total receipts classes cross classified by total assets classes 139-149
By net income and deficit classes cross classified by total receipts
classes 150-166
Returns with balance sheets by net income classes cross classified by
total assets classes 167-183
Returns by net income or deficit classes cross classified by dividends
received classes, for certain industrial groups 184-193
Fur (see also Textiles not elsewhere classified) 63
Furniture, etc., manufacture of 64
G
Gas companies, artificial and natural 66
Geographic distribution of returns, text 6
Glass and related products, manufacture of. (See Stone, clay, and glass
products.)
Gross income:
Industrial groups 8-10
Industrial subgroups 62-69
Industrial groups, by years, 1927 through 1936 120-124
States 60-61
States, by years, 1927 through 1936 125-135
Text 3
Years, 1916 through 1936 46
Gross receipts from operations:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Industrial groups and total assets classes 99-1 1&
Submitting and not submitting balance sheets 24
Total assets classes 92-98
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Gross sales:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Industrial groups and total asse+s classes 99-119
Submitting and not submitting balance sheets 24
Total assets classes 92-98
Years, 1926 through 1936, all returns 49-50
Years, 193] through 1936, with balance sheets 52-53
H
Hardware, tools, etc., manufacture of 65
Historical summaries:
Assets and liabilities, 1926 through 1936 51-52
Compiled receipts and compiled deductions:
1926 through 1936, all returns 49-50
1931 through 1936, with balance sheets 52-53
INDEX 227
Historical summaries — Continued. Pag*
Industrial groups, 1927 through 1936 120-124
Net income and deficit classes, 1933 through 1936 48
States, 1927 through 1936 125-135
Text 46
Years, 1909 through 1936 (gross, net or deficit and tax) 46-47
Holders and lessors:
Agriculture and related industries 62
Mining and quarrying 26
Transportation and related activities 65-66
Holding companies. (See Investment trusts, etc.; Personal holding com-
panies; Real estate and realty holding, etc.)
Horticulture {see also Farming) 62
Household machinery and equipment, manufacture of 65
I
Income and excess-profits taxes:
Amount 6
Compared with tax collections 4-5
Consolidated returns 33
Excess-profits tax 3, 9-10, 62-69, 70-77, 92-95, 120-125, 125-135
Surtax on undistributed profits. 9, 11-12, 18-24, 33-34, 35-37, 82-90, 90-97
Fiscal year returns 35-37
Foreign countries, paid to 2, 4
Industrial groups 9, 70-81, 82-90
Industrial subgroups 62-69
Industrial groups by years, 1927 through 1936 120-124
Net income classes 11
Normal tax 9
Part year returns 38
Rates 2-3, 12, 196-198
States 60-61
States, by years, 1927 through 1936 .. 125-135
Submitting and not submitting balance sheets 24
Surtax on undistributed profits.. 9, 11, 12, 18-24, 33-34, 35-37, 82-90, 90-97
Text 2-3
Total assets classes 92-98
Years, 1909 through 1936 47
Income and profits taxes paid foreign countries:
Text 2,4
Industrial classification, text 5
Industrial groups:
Assets and liabilities, classified 82-90, 99-119
Capital assets, gross and net 28-29
Changes over prior years 8
Compiled receipts and compiled deductions, classified 70-81, 82-90
Dividends paid, cash and stock 70-81, 82-90
Frequency distribution by certain basic classifications 139-149,
150-166, 167-182, 183-193
Industrial subgroups (number, gross income, net income or deficit,
andtax).... _. ... .. 62-69
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 99-119
Years, 1927 through 1936 120-124
Instruments, musical, professional, scientific, etc., manufacture of 65
Insurance companies, life, etc 68
Special deductions allowed life insurance companies 7
Interest paid:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Tax-exempt obligations 24
Subject to excess-profits tax 24
Submitting and not submitting balance sheets 24
Total assets classes 92-98
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
228 INDEX
Interest received: Page
Consolidated returns of railroads 33
Industrial groups 70-81, 82-90
Subject to excess-profits tax 19-20
Submitting and not submitting balance sheets 24
Tax-exempt obligations 24
Total assets classes 92-98
Wholly tax-exempt 1 9-20
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Inventories:
Consolidated returns of railroads 34
Industrial groups 82-90
Industrial groups and total assets classes 99-119
Returns with net income and with no net income 25
Total assets classes 92-98
Years, 1926 through 1936 51-52
Investments, tax-exempt and other than tax-exempt:
Consolidated returns of railroads i 34
Industrial groups 82-90
Returns with net income and with no net income 25
Total assets classes 92-98
Years, 1926 through 1936 51-52
Investment trusts, stock syndicates, stock pools, holding companies 68
Iron and steel — Products of blast furnaces, rolling mills, etc 65
J
Jewelry, manufacture of; precious metal products and processes 65
Joint stock land banks 68
K
Knit goods — Sweaters, hosiery, etc., manufacture of 63
L
Land, buildings and equipment. (See Capital assets.)
Leather and its manufactures:
Assets and liabilities, classified 85
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 71, 75, 79, 85
Frequency distribution by certain basic classifications 142, 155, 172
Industrial subgroups 63
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 105-106
Years, 1926 through 1936 121
Leather, finishing, tanning, etc. (See also Other leather products) 63
Lessors and holders. (See Holders and lessors.)
Liabilities:
Consolidated returns of railroads 34
Industrial groups 82-91
Industrial groups and total assets classes 99-119
Returns with net income and with no net income 26
Text 25-27,30
Total assets classes 92-98
Years, 1926 through 1936 51-52
Life insurance, mutual or stock companies 68
Special deductions allowed 7
Liquors and beverages (alcoholic and nonalcoholic), manufacture of:
Assets and liabilities classified 83
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 71, 75, 79, 83
Frequency distribution by certain basic classifications. 141, 152-153, 169-170
Industrial subgroups 63
Reserves for depreciation and depletion 28-29
INDEX 229
Liquors and beverages, etc. — Continued. Paw
Returns with net income and with no net income 8-10
Total assets classes 102-103
Years, 1933 through 1936 120
Loan companies — Building and loan, mortgages, note or pawn brokers,
insurance agents, etc 68
Locomotives and railroad equipment, manufacture of 65
M
Machinery, manufacture of:
Agricultural 65
Building 65
Construction 65
Electrical 65
Factory 65
Household 65
Mining {see also Miscellaneous machinery) 65
Manufacturing:
Assets and liabilities, classified 83
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 70, 74, 78, 83
Frequency distribution by certain basic classifications 140-146,
151, 168-179, 185
Industrial subgroups 62-65
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 101
Years, 1927 through 1936 120
Manufacturing not elsewhere classified:
Assets and liabilities classified 88
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 73, 77, 81, 88
Frequency distribution by certain basic classifications 146, 162, 179, 189
Industrial subgroups 65
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes ^ 113-114
Years, 1927 through 1936 123
Metal building material and supplies, etc., manufacture of 65
Metal mining — Iron, copper, lead, zinc, gold, silver, etc 62
Metal and its products, manufacture of:
Assets and liabilities classified 87
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 72, 76, 80, 87
Frequency distribution by certain basic classifications 145,
160-161, 177-178, 188
Industrial subgroups 64-65
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 112
Years, 1927 through 1936 122
Mill products — Bran, flour, etc., manufacture of 62
Mining and quarrying:
Assets and liabilities classified 83
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 70, 74, 78, 83
Frequency distribution by certain basic classifications 139,
150-151, 167-168, 184
Industrial subgroups 62
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 100
Years, 1927 through 1936 120
Mortgages. {See Bonded debt and mortgages.)
Motion-picture producers 67
Motion-picture theaters 67
230 INDEX
Motor vehicles, complete or parts, manufacture of: Pasrt
Assets and liabilities, classified 88
Capital assets, gross and net 28-29
Compiled receipts and deductions 73, 77, 81, 88
Frequency distribution by certain basic classifications 146, 161, 178
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10, 65
Text 8
Total assets classes 113
Year 1936 123
Musical, professional, and scientific instruments, etc., manufacture of 65
N
National banks 68
National Industrial Recovery Act, reference to 25, 196
Nature of business not given:
Assets and liabilities classified 90
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 73, 77, 81, 90
Frequency distribution by certain basic classifications 149, 166, 183
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 118-119
Years, 1927 through 1936 124
Net capital gain:
Consolidated returns 33
Industrial groups 70-81, 82-90
Submitting and not submitting balance sheets 24
Total assets classes 92-99
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 62-53
Net capital loss:
Consolidated returns 33
Industrial groups 24
Submitting and not submitting balance sheets 70-81, 82-90
Total assets classes 92-99
Years, 1926 through 1936, all returns... 49-50
Years, 1931 through 1936, with balance sheets 52-53
Net income:
Adjusted, defined 13
Amount and percent, 1935 and 1936 6-7
Consolidated returns of railroads 33
Defined 3-4
Fiscal year returns 35-37
Industrial groups 8-10, 70-91
Industrial subgroups 62-69
Industrial groups and total assets classes 99-119
Industrial groups, by years, 1927 through 1936 120-124
Net income classes 11
Net income classes, by years 48
Normal tax net income T
Part year returns 38
States 60-61
States, by years, 1927 through 1936 125-135
Submitting and not submitting balance sheets 24
Text 3-4
Total assets classes 31, 92-95, 99-119
Undistributed, defined 13
Years, 1909 through 1936 47
Years, 1 926 through 1 936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Years, 1933 through 1936, net income classes 48
Nonresident foreign corporations 8
Normal tax (see also Income and excess profits tax) 7, 60
Notes and accounts payable. (See Accounts and notes payable.)
Notes and accounts receivable. (See Accounts and notes receivable.)
INDEX 231
Number of returns : Page-
Aggregate, with net income, and with no net income 6-7
Balance sheets, with 26, 82-91, 92-98, 99-119
Comparison, 1935 and 1936 6-7
Consolidated returns of railroads 32-33, 34
Fiscal year returns: Returns with net income and with no net income:
Month in which fiscal year ended 35
Net income and deficit classes 36-37
Industrial groups 8-10, 70-81
Industrial subgroups 62-69
Industrial groups, by years, 1927 through 1936 120-124
Net income and deficit classes 11, 14, 19
Part year returns 38
Returns with net income and no net income 8-10
Returns subject to surtax on undistributed profits 14-20
States 60-61
Submitting and not submitting balance sheets 24
Total assets classes 31, 99-119
Years, 1 932 through 1 939, by net income and deficit classes 48
Years, 1909 through 1936 46
Years, 1926 through 1936, assets and liabilities 51-52
Years, 1926 through 1936, receipts and deductions, all returns 49-50
Years, 1931 through 1936, receipts and deductions, with balance sheets. 82-98
Years, 1927 through 1936, by States 125-135
O
Obligations of the United States and its instrumentalities. (See Tax-
exempt investments.)
Office equipment, etc., manufacture of 65
Oil and gas production 62
Oil refining. (See Petroleum and other mineral oil products.)
Other assets and liabilities (see also Assets and liabilities) 51-52, 82-99
Text 27
Other deductions. (See Deductions.)
Other receipts. (See Compiled receipts.)
Packing-house products — Fresh meats, hams, etc., manufacture of 62
Paints, pigments, varnishes, etc., manufacture of 64
Paper, pulp, and products, manufacture of:
Assets and liabilities classified 86
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 71, 75, 79, 86
Frequency distribution by certain basic classifications 143, 157, 174
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10, 64
Total assets classes 108
Years, 1927 through 1936 122
Part year returns 38
text 37
Personal holding company returns:
Adjusted net income 54-55
Contributions or gifts 56
Credits 56
Debt retirement 56
Deductions 56
Dividends paid 56-57
Dividends received 66
Foreign tax paid 56
Form 1120H 55-56, 217-220
Income and profits tax paid to United States and foreign countries
not deductible on Form 1120 55-56
Losses from sale of capital assets 56
Number:
With net income and with no net income on Form 1120 56
With adjusted net income by adjusted net income classes 56-57
232 INDEX
Personal holding company returns — Continued, Page
Surtax 56
Surtax rates 198
Text 54-57
Undistributed adjusted net income 55-66
Petroleum and other mineral oil products, manufacture of:
Assets and liabilities, classified 87
Capital assets, gross and net 28-29
Compiled receipts and deductions 72, 76, 80, 87
Frequency distribution by certain basic classifications 145, 159, 176, 187
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10, 64
Text 8
Total assets classes 110-111
Year 1936 122
Tipe line companies 66
Precious-metal products and processes, jewelry, etc., manufacture of 65
Preferred stock:
Consolidated returns of railroads 34
Industrial groups 82-98
Industrial groups and total assets classes 99-119
Returns with net income and with no net income 26
Total assets classes 92-98
Years, 1927 through 1936 51-52
Printing, publishing, and allied industries:
Assets and liabilities classified 86
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 72, 76, 80, 86
Frequency distribution by certain basic classifications 144, 158, 175
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10, 64
Total assets classes 109
Years, 1927 through 1936 122
Professional service — Curative, educational, legal, etc 67
Public utilities. (See Transportation and other public utilities.)
Pullman cars (see also Electric railways) 66
Pulp and products, manufacture of (see also Paper, pulp, and products) 64
Q
"Quarrying. (See Mining and quarrying.)
R
Radio broadcasting companies 66
Radios, complete or parts, manufacture of 65
Railroads, consolidated returns of afiiliated corporations 32-33
Railroads, steam 66
Railways, electric 66
Hailroad equipment, manufacture of (see also Locomotives and railroad
equipment) 65
Rayon goods, inanufacture of (see also Silk and rayon goods, etc.) 63
Real estate and realty holding companies, etc 68
Receipts, compiled:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-91
Industrial groups and total assets classes 99-1 19
Submitting and not submitting balance sheets 24
Text 22-23
Total assets classes 92-99
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Hent paid on business property:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-91
Submitting and not submitting balance sheets 24
Total assets classes 92-99
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
INDEX 233
Reserves for depreciation and depletion: Page
Major industrial groups _ _ __ _ _ 28-29
Text "I"I"": 27
Restaurants, hotels, etc 67
Retail trade 67
Returns tabulated:
Revenue Acts under which filed _ 2-3 195-200
Text '__ 1
Revenue Acts of 1909 through 1936, income and excess-profits tax rates,
credits and exemptions 195-200
Rubber products, manufacture of:
Assets and liabilities classified 85
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 71, 75, 79, 85
Frequency distribution by certain basic classifications 143, 156, 173
Industrial subgroups 64
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 106-107
Years, 1927 through 1936 121
S
Sales, gross. {See Gross sales.)
Sawmill and planing mill products, manufacture of 64
Securities, wholly and partially tax-exempt. {See Tax-exempt investments.)
Service — Domestic, professional, business, amusements, and all other:
Assets and liabilities classified 89
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 73, 77, 81, 89
Frequency distribution by certain basic classifications. 148,164-165, 181-182
Industrial subgroups 67
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 117
Years, 1927 through 1936 123
Shipbuilding and repairing 65
Shoes, slippers, etc., manufacture of 63
Silk and rayon goods, etc., manufacture of 63
Soft drinks — Cider, mineral waters, etc., manufacture of 63
State and private banks 68
States and Territories:
Geographic distribution, text 6
Gross income, deductions, net income, and tax 60-61
Years, 1927 through 1936 (number with net and no net, gross income,
net income, deficit, and tax) 125-135
Steam railroads, etc 66
Steel and its products 65
Stock and bond brokers, investment brokers, investment banks, etc 68
Stock dividends paid:
Consolidated returns of railroads 33
Increase, 1936 over 1935 21
Industrial groups 70-81, 82-91
Net income classes 19-20
Submitting and not submitting balance sheets 24
Total assets classes 92-99
Years, 1922 through 1936 21
Stone, clay, and glass products, manufacture of:
Assets and liabilities classified 87
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions classified 72, 76, 80, 87
Frequency distribution by certain basic classifications 145, 160, 177
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 111
Years, 1927 through 1936 122
Sugar — Beet, cane, maple, etc., manufacture of 63
234 INDEX
Surplus and undivided profits: Paw
Consolidated returns of railroads 34
Industrial groups 82-91
Industrial groups and total assets classes 99-1 1 9
Returns with net income and with no net income 26
Total assets classes 92-98
Years, 1926 through 1936 51-52
Surtax. (See also Income and excess-profits tax.)
Corporations exempt from 2
On undistributed profits 4,
7, 11, 12-15, 15-18, 24, 26, 33-37, 62-69, 70-77, 82-95
Personal holding companies, exempt from 54-56
Synopsis of Federal income and profits tax rates, credits and exemptions. 195-200
T
Tax credit. (See Credit).
Taxes. {See Income, excess-profits, normal taxes and surtax.)
Taxes, back 5
Taxes paid other than income tax:
Consolidated returns of railroads 33
Industrial groups 70-81, 82-91
Submitting and not submitting balance sheets 24
Total assets classes 92-119
Years, 1926 through 1936, all returns 49-50
Years, 1931 through 1936, with balance sheets 52-53
Tax-exempt investments, and other than tax-exempt:
Consolidated returns of railroads 34
Industrial groups 82-91
Returns with net income and with no net income 25
Text 27
Total assets classes 92-119
Years, 1926 through 1936, with balance sheets 51
Tax forms, 1120, 1120L, and 1120H, for 1936 204-220
Tax liability and collections 4-5
Tax paid at source, text 4
Telephone and telegraph companies 66
Terminal stations, toll bridges, toll roads, etc 66
Textile mill products, manufacture of:
Assets and liabilities, classified 84
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 71, 75, 79, 84
Frequency distribution by certain basic classifications 141, 154, 171
Industrial subgroups 63
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 104
Years, 1927 through 1936 121
Theaters, legitimate, vaudeville, etc 67
Tires and tubes, etc., manufacture of 64
Tobacco products, manufacture of:
Assets and liabilities, classified 84
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 71, 75, 79, 84
Frequency distribution by certain basic classifications
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 8-10
Total assets classes 103
Years, 1927 through 1936 121
Trade:
Assets and liabilities classified 89
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 73, 77, 81, 89
Frequency distribution by certain basic classifications 147, 164, 181, 191
Industrial subgroups 67
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes 116
Years, 1927 through 1936 123
INDEX 235
Transportation and other public utilities: Page
Assets and liabilities, classified 89
Capital assets, gross and net 28-29
Compiled receipts and compiled deductions, classified 73, 77, 81, 89
Frequency distribution by certain basic classifications 147, 163, 180, 190
Industrial subgroups 67
Reserves for depreciation and depletion 28-29
Returns with net income and with no net income 9-10
Total assets classes __ _ 115
Years, 1927 through 1936 123
Trust companies, savings banks, etc 68
U
Undistributed profits, surtax on. (See Surtax.)
Undivided profits. (See Surplus and undivided profits.)
W
War-profits and excess-profits tax:
Amounts, years 1917 through 1922; 1933 through 1936 47
Water companies 66
Water transportation 66
Wholesale and retail trade 67
Wholesale trade 67
Wines, beer, malt extract, etc., alcohol, manufacture of 63
Wood products, manufacture of . 64
Woolen and worsted goods, manufacture of 63
o
o-n
I if
!l-f II ill
mm
mm
ililiri