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STATISTICS OF INCOME
FOR 1939
PART I
COMPILED FROM INDIVIDUAL INCOME TAX RETURNS. FIDUCIARY
INCOME TAX RETURNS. ESTATE TAX RETURNS
AND GIFT TAX RETURNS
UNITED STATES TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE - WASHINGTON. D. C.
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1939
PART 1
COMPILED FROM INDIVIDUAL INCOME
TAX RETURNS, FIDUCIARY 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 : 1942
For sale by the Superintendent of Documents. Washington, D. C.----- - -. Price 40 cents
AUG 1 1942
CONTENTS
Page
Official transmittal 1
INDIVIDUAL INCOME TAX RETURNS AND FIDUCIARY INCOME TAX RETURNS
Number of returns, net income, and tax 2
Returns included 2
Data tabulated 2-3
Changes provided by Internal Revenue Code as amended 3-^
Definitions of net income and no net income 4-5
Tax liability 5
Tax liability and collections 5-6
Geographic distribution 6
Net income classes 6
Comparability with previous reports 7
INDIVIDUAL INCOME TAX RETURNS AND TAXABLE FIDUCIARY INCOME
TAX RETURNS, WITH NET INCOME (ALSO INDIVIDUAL INCOME TAX
RETURNS WITH NO NET INCOME)
Number of returns, net income, and tax 7-10
Sources of income and deductions 10-11
INDIVIDUAL INCOME TAX RETURNS WITH NET INCOME AND WITH NO
NET INCOME (EXCLUDING FIDUCIARY INCOME TAX RETURNS)
Estimate of data for certain returns with net income under $5,000 12-13
Number of returns, net income, and tax 13-16
Simple and cumulative distribution by net income classes of number of
returns, net income, and tax 16-17
Classification by sex and family relationship, individual returns with net
income 18
Personal exemption and credits against net income, individual returns with
net income 19
Individual returns with no net income but with alternative tax liability. _ 19-20
Capital gains and losses 20-22
Sources of income and deductions 22-32
Frequency distribution of selected sources of income and loss by net
income classes and by size of each source of income and loss 33^6
Returns, Form 1040, with business (sole proprietorship), by industrial
groups 48 -49
Number of returns by counties, cities, and towns 49-50
FIDUCIARY INCOME TAX RETURNS
Number of returns, net income taxable to the fiduciary, and tax 50
Returns included and definitions of certain items 51
Income classes 51
Sources of income and deductions 51-53
Amount distributable to beneficiaries 53-54
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT OBLIGATIONS,
AMOUNT OWNED AND INTEREST RECEIVED— INDIVIDUAL AND FIDUCI-
ARY INCOME TAX RETURNS
Individual income tax returns with net income of $5,000 and over 54-55
Fiduciarv income tax returns with net income showing a balance income
of $5,000 and over 55-56
III
IV CONTENTS
PARTNERSHIP RETURNS OF INCOME p^^g
Number of returns, 1917-1939 56
HISTORICAL SUMMARIES-INDIVIDUAL INCOME TAX RETURNS WITH NET
INCOME. INCLUDING RETURNS FOR ESTATES AND TRUSTS, 1913-1939.
AND INDIVIDUAL RETURNS WITH NO NET INCOME, 1928-1939
Number of returns, net income, tax before tax credits, tax credits, and
tax for returns with net income, 1913-1939, and number of returns and
deficit for individual returns with no net income, 1928-1939 57-58
Number of returns with net income, by net income classes, 1914-1939,
and number of individual returns with no net income, 1928-1939 58-60
Net income, by net income classes, 1916-1939, and deficit, 1928-1939 60-61
Tax for returns with net income, by net income classes, 1916-1939, and
tax for individual returns with no net income, 1938-1939 62-63
Effective tax rate (percent), returns with net income, by net income
classes, 1916-1939 63-64
Sources of income and deductions, and net income or deficit, 1916-1939:
* All returns 64-69
Returns with net income of $5,000 and over 70-73
HISTORICAL DATA IN SOURCE BOOK
Statement of contents of Source Book 76
Method of securing data 7t
basic tables
Individual income tax keturns with net income and with no net
income and taxable fiduciary income tax returns with net
INCOME (1-9A):
United States in aggregate (1-8 A):
Number of returns, net income or deficit, personal exemption,
credit for dependents, and tax, by States and Territories:
1. Individual returns and taxable fiduciary returns with net
income, and individual returns with no net income 78-7(
1-A. Individual returns with net income and with no net in-
come. 80-8:
Number of returns, net income, personal exemption, credit for
dependents, earned income credit, tax, average tax, and effec-
tive tax rate, by net income classes for returns with net income,
and in aggregate for returns with no net income:
2. Individual returns and taxable fiduciary returns with net
income, and individual returns with no net income:
All returns 82-8!
Returns with no alternative tax : 84-8;
Returns with alternative tax 86-91
2-A. Individual returns with net income and with no net
income:
All returns 92-9.
Returns with no alternative tax 94-9
Returns with alternative tax 96-10
I imple and cumulative distribution of number of returns, net
income, tax, and percentages; by net income classes for returns
with net income, and in aggregate for returns with no net
mcome:
3. Individual returns and taxable fiduciary returns with net
income, and individual returns with no net income.- 101-10
3-A. Individual returns with net income and with no net
income 104^10
4. Number of returns and net income, by sex and family rela-
tionship and by States and Territories, individual returns
with net income 107-10
5. Number of returns, net income, personal exemption, and
credit for dependents, by sex and family relationship and by
net income classes, individual returns with net income-. 110-11
6. Sources of income and deductions, net income and deficit, by
States and Territories, individual returns with net income
and with no net income 115-12
CONTENTS V
Individual income tax returns with net income and with no net
income and taxable fiduciary income tax returns with net
income (l-9A)^Continued.
United States in aggregate (1-8 A) — Continued.
Number of returns and amount for each source of income and
deductions, and net income, by net income classes for returns
with net income, and aggregate for returns with no net income:
7. Individual returns and taxable fiduciary returns with net
income, and individual returns with no net income. _ 122-130
7-A. Individual returns with net income and with no net
income 131-139
Individual returns with net income and with no net income and
with business (sole proprietorship), by industrial groups and by
businesses with net profit or loss:
8. Total number of businesses, number of businesses with net
profit or loss and amount of net profit or loss; for business
schedule D showing not fewer than the following items,
total receipts, total deductions, and net profit or loss:
number of businesses, net profit or loss, total receipts,
materials, supplies, and merchandise purchased, net cost
of goods sold, total deductions, inventory at beginning
■ and end of year, and labor and salaries; and for business
schedule D fragmentary : number of businesses and net
profit or loss 140-151
8-A. Number of businesses, net profit or loss and total re-
ceipts, by total receipts classes, for business schedule
D showing not fewer than the followilig items, total
receipts, total deductions, and net profit or loss — 152-175
States and Territories separately (9-9A) :
9. Number of returns, net"^income, and total tax, by net income
classes for individual returns with net income, and aggre-
gates for individual returns with no net income, taxable
fiduciary returns with net income, and individual and tax-
able fiduciary returns wath net income 176-201
9-A. Historical summary of number of returns, net income, and
total tax for individual returns with net income and re-
turns for estates and trusts with net income, 1939-1930. 202-208
Fiduciary income tax returns with net income and with no net in-
come (10-13):
10. Number of returns, net income, personal exemption, tax, average
tax, and effective tax rate, by net income classes for returns
with net income, and in aggregate for returns with no net in-
come:
All returns 210-211
Returns with no alternative tax 212-213
Returns with alternative tax 214-217
11. Number of returns and amount for each source of income and
deductions, balance income, amount distributable to benefi-
ciaries, and net income taxable to fiduciary, by net income
classes for returns with net income, and in aggregate for returns
with no net income . _- 218-223
Sources of income and deductions, balance income, amount distribu-
table to beneficiaries, and net incoine taxable to fiduciary:
12. Returns with net income, by balance income classes 224-227
13. Returns with no net income, by balance deficit and balance
income classes 228-231
Wholly and partially tax-exempt government obligations, amount
OWNED and interest RECEIVED INDIVIDUAL AND FIDUCIARY INCOME
TAX RETURNS (14-16) :
14. Individual income tax returns with net income of $5,000 and
over, by net income classes 234-235
Fiduciary income tax returns with net income, showing balance income
of $5,000 and over, by taxable and nontaxable returns:
15. By balance income classes 236-237
16. By net income classes 238-239
Vr CONTENTS
ESTATE TAX RETURNS
Page
Filing requirements 245
Summary data .----t 245-246
Definitions and classifications:
Gross estate - 246-247
Specific exemption and deduction for property previously taxed 247
Net estate 247
Tax and tax credits 247-248
Description of estate tax tables 248-249
Estate tax returns filed during 1940 for citizens and resident aliens:
Items of gross estate, deductions, net estate or no net estate, and tax:
Table 1. Taxable and nontaxable, by revenue acts 250-253
Table 2. Taxable, by net estate classes 254-261
Table 3. Taxable, by gross estate classes 262-265
Table 4. Nontaxable, by gross estate classes 266-269
By States and Territories:
Table 5. Taxable and nontaxable, selected items 270-271
Table 6. Value of real estate by situs of real estate 272-277
Historical summary. — Table 7. Citizens and aliens: number of returns,
gross estate, net estate, and tax, 1916-1940 278
GIFT TAX RETURNS
Filing requirements 283
Summary data 283
Tax computation 284
Definitions of items 284
Gifts 285
Identical donors 285
Description of gift tax tables 285-286
Gift tax returns, 1939:
Number of returns, total gifts before exclusions, exclusions, total gifts
after exclusions, deductions, net gifts, and tax:
Table 1. By net gift classes 286-287
Table 2. By total gift plus tax classes 288-289
Table 2-A. By total gift classes 290-291
Table 3. Gifts transferred in trust 292
Identical donors:
Table 4. Number of returns, net gifts, and tax, by taxable status
in 1939 and prior years 292
Table 5. Number of taxable returns, by size of net gifts for 1939
and for prior years 293
Historical summary — Table 6. Number of returns, total gifts, net gifts, and
tax, 1932-1939 294
synopsis of federal tax laws for 1913 and thereafter, relating
to individual income and profits taxes, ficudiary income tax.
estate tax, and gift tax rates, credits, exemptions. and
other provisions affecting the comparability of historical
data in statistics of income
Individuals and fiduciaries:
Requirements for filing income tax returns, personal exemption, credit
for dependents, and normal tax rates, under the Federal tax laws for
the income years 1913 through 1939 298-301
Surtax rates and total surtax, under the Federal tax laws for the
income years 1913 through 1939 302-303
Supplemental income and profits tax rates and credits, under the
Federal tax laws for the income years 1917 through 1939 304-307
Estates:
Tax rates, total estate tax, specific exemption, and credits against
estate tax, under the Federal tax laws applicable to estates of
decedents dying after September 8, 1916 308-311
Gifts:
Tax rates, total gift tax, specific exemption, exclusions and deductions,
under the Federal tax laws affecting gifts made during 1924 and
subsequent years 1 312
INCOME TAX FORMS
Facsimiles of Forms 1040A, 1040, 1041, and 1065 for 1939 315-341
Index 343
STATISTICS OF INCOME FOR 1939
PART 1
INDIVIDUAL INCOME TAX RETURNS, FIDUCIARY INCOME TAX RETURNS,
ESTATE TAX RETURNS, AND GIFT TAX RETURNS
Treasury Department,
Office of Commissioner of Internal Revenue,
Washington, D. C, May 25, 1942.
Sir: In accordance with the provisions of 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 1939, Part 1," prepared from
individual income tax returns and fiduciary income tax returns for
1939 filed during 1940, with a historical presentation of the income
and of the tax liability reported on income tax returns 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 194.0, irrespective of the
date of death of the decedent, and tabulations of data from gift tax
returns for 1939 filed during 1940, with brief historical summaries
for each. On pages 295-312 there is presented a synopsis of the
provisions of the Federal tax laws for 1913 and thereafter, relating to
rates, credits, and exemptions for individual income and profits taxes,
fiduciary income tax, estate tax, and gift tax, which affect the com-
parability of historical data in Statistics of Income.
Respectfully,
Guy T. Helvering,
Commissioner oj Internal Revenue.
Hon. Henry Morgenthau, Jr.,
Secretary oj the Treasury.
2 STATISTICS OF INCOME, PART 1
INDIVIDUAL INCOME TAX RETURNS AND FIDUCIARY INCOME TAX
RETURNS
NUMBER OF RETURNS, NET INCOME, AND TAX
The total number of returns for 1939 is 7,866,121, of which 7,652,781
are individual returns and 213,340 are fiduciary returns. There are
7,570,320 individual returns showing a net income of $22,938,918,209,
and 82,461 individual returns with no net income. There are 89,453
fiduciary returns showing a net income taxable to the fiduciary of
$259,799,362, and 123,887 fiduciary returns with no net income. Of
the 7,570,320 individual returns with net income, 3,896,418 are tax-
able and 3,673,902 nontaxable, and of the 89,453 fiduciary returns
with net income taxable to the fiduciarv, 62,879 are taxable and 26,574
nontaxable. The total tax is $928,694,069, of which $891,234,170 is
reported on taxable individual returns and $37,459,899 on taxable
fiduciary returns. (Seventeen individual returns with no net income
show alternative tax; see explanation on pages 19-20.)
RETURNS INCLUDED
In each volume of Statistics of Income the data tabulated are from
returns for the calendar year indicated therein and from a negligible
number of returns for a fiscal year ending in the period July of the
calendar year through June of the succeeding year, and for a part
year with the greater number of months of the accounting period falling
in the calendar year.
The returns covered by this report are, in general, filed under the
provisions of the Internal Revenue Code as amended, and include
returns for the calendar year 1939 and a negligible number of returns
for a fiscal year ending in the period January through June 1940, a
part year beginning and ending in 1939, and a part year beginning in
1939 and ending in 1940, the greater part of the accounting period
falling in 1939. However, there are included a number of returns
filed under the provisions of the Revenue Act of 1938, consisting of
returns for a fiscal year beginning in 1938 and ending in the period
July through November 1939, and for a part year beginning in 1938
and ending in 1939, the greater part of the accounting period falhng
in 1939.
The returns used for this report are individual returns. Forms
1040, 1040 A, and 1040B, and fiduciary returns. Form 1041, filed for
income from estates and trusts. The statistics are taken from the
returns as filed by the taxpayer, prior to any revisions that may be
made as a result of audit by the Bureau of Internal Revenue. Amended
returns and tentative returns are not included in the tabulations.
DATA TABULATED
Data are tabulated from each of the following returns: (1) Individual
returns with net income of $5,000 and over, (2) individual returns
with not income under $5,000 filed on Form 1040, which show income
characteristics similar to those usually found on returns with net income
of $5,000 and over, such as varied or unusual sources of income or large
total income, (3) individual returns with no net income, Form 1040,
STATISTICS OF INCOME^ PART 1 3
and (4) fiduciary returns. The statistics pertaining to individual
returns, Forms 1040 and 1040A, with net income under $5,000, except
Forms 1040 specified in (2) above, represent estimates based on sam-
ples of such returns (see pages 12-13 for a description of the sample).
Data for individual returns with net income of less than $1,000 or
with no net income are included in Statistics of Income because of
certam provisions of the revenue acts requiring that a return be
filed (1) by every individual and married couple with gross income of
$5,000 and over regardless of the amount of net income or deficit or
marital status; (2) for every decedent, covering the income period to
date of death, if the gross income for the period is $5,000 and over;
and (3) by taxpayers electing to change the accounting period (part
year returns). Also, one of the separate returns, which married per-
sons may choose to file, may show net income of less than $1,000 or
no net income.
Data for fiduciary returns with net income of less than $1,000 or
with no net income appear in this report because of the provisions that
a return be filed for (1) the income from an estate or trust (a) with
gross income of $5,000 and over irrespective of the amount of net
income or deficit, (b) if any beneficiary is a nonresident alien, and (c)
when the accounting period is changed (part year returns), and (2)
every trust with net income of $100 and over.
CHANGES PROVIDED BY INTERNAL REVENUE CODE AS AMENDED
In general, the returns for 1939 covered by this report are filed under
the provisions of the Internal Revenue Code as amended. The major
change aft'ecting data in this volume, as compared with data for 1938,
is the provision of section 22(a) of the Code as amended, by which
the Federal income tax is applicable to compensation for personal
service received after December 31, 1938, as(l) an officer or, employee
of a State, or any political subdivision thereof, or any agency or in-
strumentality of any one or more of the foregoing, and (2) a judge of a
United States court who took office on or before June 6, 1932. (The
compensation of a judge who took office after June 6, 1932, is taxable
under specific provisions of the Revenue Act of 1932 and succeeding
revenue acts.)
Another change, affecting data in this volume, is the provision of
section 107 of the Code as amended relating to the tax liability of
individuals and partners who receive during a taxable year beginning
after December 31, 1938, compensation for personal services covering
five or more calendar years. The tax attributable to such compensa-
tion shall not exceed the aggregate of taxes which would have been
due had the compensation been received in equal portions in each of
the years for which the personal service was rendered.
Returns for 1939 are the first to show the net short-term capital
loss carry-over provided by section 117(e) of the Internal Revenue
Code as amended. Net short-term capital loss, sustained in any
taxable year beginning after December 31, 1937, may not be deducted
from income in the year in which the loss is sustained, but may be car-
ried to the next succeeding taxable year and applied against short-
term capital gains not already offset by short-term capital losses of
437826 — 42 2
4 STATISTICS OF INCOME, PART 1
such succeeding year. Net short-term capital loss carry-over is
restricted to one year, namely, the next succeeding taxable year, and
cannot exceed net income for the year in which the loss was sustained,
nor can it exceed the net short-term capital gain of the succeeding
year — the year in which the loss is deducted.
DEFINITIONS OF NET INCOME AND NO NET INCOME
Individual returns. — ^"Net income" means the amount of gross in-
come, as defined by law, in excess of deductions claimed by the tax-
payer (item 20, page 1, Form 1040, facsimile on page 320, and item
12, page 1, Form 1040A, facsimile on page 316) ; and "No net income"
or "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. Net
income and no net income or deficit include net short-term gain and
net long-term gain or loss from the sale or exchange of capital assets
to the extent provided by law.
On returns with normal tax and surtax liabilities, net income sub-
ject to surtax means the excess of net income (item 20, page 1, Form
1040, facsimile on page 320) over (1) the personal exemption and (2)
credit for dependents; and net income subject to the normal tax is
the surtax net income less (1) interest on Government obligations
not wholly exempt from tax, (2) dividends on share accounts in
Federal savings and loan associations, and (3) earned income credit.
On returns with alternative tax liability, ordinary net income (item 3,
schedule F, page 3, Form 1040, facsimile on page 322) is used as the
base for the normal tax and surtax for computation of the alternative
tax. Ordinary net income means the net income excluding net long-
term capital gain or loss. (For alternative tax liability see section of
this report entitled "Tax Liability," page 5.)
Fiduciary returns.— In this report "Net income" for estates and
trusts means net income taxable to the fiduciary (item 17, page 1,
Form 1041, facsimile on page 326) which is equal to gross income, as
defined by law, in excess of the sum of (1) deductions claimed by the
taxpayer and (2) amount distributable to beneficiaries. "No net
income" or "Deficit" means the excess of the sum of (1) deductions
claimed by the taxpayer and (2) amount distributable to beneficiaries,
over gross income. Deductions do not include the credit of $1,000
for personal exemption allowed an estate, or the credit of $100, in
lieu of the credit for personal exemption, allowed a trust. Net income
and no net income or deficit include net short-term gain and net long-
term gain or loss from the sale or exchange of capital assets, to the
extent provided by law.
On returns with normal tax and surtax liabilities, net income sub-
ject to surtax means the excess of net income (item 17, page 1, Form
1041, facsimile on page 326) over the personal exemption of $1,000
allowed an estate, or the credit of $100, in lieu of the credit for per-
sonal exemption, allowed a trust; and net income subject to normal
tax is the surtax net income less the fiduciary's balance of (1) interest
on Government obligations not wholly exempt from tax and (2)
dividends on share accounts in Federal savino-s and loan associa-
STATISTICS OF INCOME, PART 1 5
tions. On returns with alternative tax liability, ordinary net in-
come (item 3, schedule E, page 3, Form 1041, facsimile on page 328)
is used as the base for the normal tax and surtax for computation of the
alternative tax. Ordinary net income means the net income exclud-
ing net long-term capital gain or loss. (For alternative tax liability
see following section of this report entitled "Tax Liability.")
For definition of "Balance income" and "Balance deficit" used in
basic tables 12, 13, and 15, see page 51 in the section of this report
entitled "Fiduciary Income Tax Returns."
TAX LIABILITY
Normal tax and surtax liabilities are reported on individual and
fiduciary returns with (1) no net long-term capital gain or loss and (2)
net long-term capital gain or loss, but with no alternative tax.
The alternative tax is reported on individual and fiduciary returns
with (1) net long-term capital gain, if such alternative tax is less than
the sum of the normal tax and surtax computed on net income in-
cluding net long-term capital gain, and (2) net long-term capital loss,
if such alternative tax is greater than the sum of the normal tax and
surtax computed on net income after deducting net long-term capital
loss. Seventeen individual returns with no net income show an alter-
native tax liability (see explanation, pages 19-20).
Total tax, as tabulated in this report, means the sum of the normal
tax, surtax, and alternative tax liabilities. The total tax liability
represents an amount prior to the allowance of credits claimed for
income tax paid at source and 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 individual and
fiduciary returns is not precisely comparable with the amount of
income tax collections during the calendar year in which the returns
are filed. Several factors are responsible for the dift'erence between
the taxes collected and the tax liability reported on the returns,
among which are the following:
1. The amount of tax originally reported may have been subse-
quently revised as the result of audit of returns. The revisions may
result in additional assessments, thereby increasing the tax liability,
or in certificates of overassessment, representing abatements and
credits, which reduce the tax liability originally reported.
2. Income and profits taxes paid to foreign countries or possessions
of the United States may be included in deductions from gross income
or applied with certain limitations as a credit against the income tax
payable to the United States. The amount of such taxes taken as a
credit by individuals against the income tax liability to the United
States has not been deducted from the amount of income tax liability
shown in the tabulations in this report. The aggregate amounts of
this credit, which are available only for individual returns for the years
1925 through 1930, appear on page 9 of Statistics of Income for 1930.
3. Income taxes paid at the source on tax-free covenant bonds are
deductible from income taxes payable by individuals and fiduciaries
6 STATISTICS OF INCOME, PART 1
but they are not deducted in arriviug: at the income tax hahility on
individual and fiduciary returns shown herein.
4. For tiscal j'^ear returns on which the tax is paid in four equal
installnuMits. the total tax liability may not be collected durine: the
caleuiiar year in which the returns are tiled.
o. Delays in tax payment due to linancial embarrassnuMit. death,
liquidation of business, or any other cause, result in the classitication
of such taxes as'U>ack taxes," the collection of which is made after the
close of the year in which such taxes are due. For similar reasons,
certain amounts are uncollectible.
6. Collections in the current year include such interest and penalty
items as are received in connection with delinquent payments of taxes.
7. Tabulations in this report exclude data reported on individual
income tax returns, Forms KUOC. 1040D. 1040XB. and 1040XB-a,
whereas collections in the current year include taxes on these returns.
Forms 1040C and 1 040D are used for departing; aliens. Forms 1040NB
and 1040XB-a are for nonresident aliens not euiraired in trade or
business within the United States and not having an office or place of
business therein.
OEOGRArnir DISTRinUTIOX
The data from individual anil lithiciary returns, although tabulated
by States in which the returns are tiled, do not represent what may
be called the geographic distribution of income. Income tax returns
may be filed either in the collection district in which the individual
or fiduciary resides or in which his principal place of business is
located. There is no way of ascertaining from income tax returns
the amount of income originating in the respective States or the
amount of tax paid on that basis.
NET IXCOME CLASSES
For individual returns, the net income classes are based on the size
of net income reported as item 20, page 1, Form 1040, facsimile on
page 320, and as item 12, page 1, Form 1040A, facsimile on page 316.
Net income means the amount of gross income less deductions (see
page 4). A classification of individual returns with no net income
by size of deficit is not shown in this report.
In the text table on pages S-9 and in basic tables 2, 3. and 7, pages
82-90, 101-103, and 122-130, fiduciary returns are classified by size of
net income taxable to the fiduciary (item 17. page 1, Form 1041,
facsimile on page 326). Net income taxable to the fiduciary means
gross income in excess of the sum of (1) deductions claimed by the
taxpayer and (2) amount distributable to beneficiaries (see page 4).
A classification of fiduciary returns with no net income taxable to
the fiduciary- by the size of this deficit is not shown in this report.
STATISTICS OF INCOME^ PART 1 7
COMPARABILITY WITH PREVIOUS REPORTS
In various sections of this report attention is directed to changes in
methods of tabulation and in provisions of the revenue acts and the
Internal Revenue Code as amended under which returns for given
years are filed, which changes interfere with precise comparability
of the data over a period of years. The major provisions of the Federal
tax laws from 1913 to date are summarized on pages 295-312.
INDIVIDUAL INCOME TAX RETURNS AND TAXABLE FIDUCIARY IN-
COME TAX RETURNS WITH NET INCOME ^ALSO INDIVIDUAL INCOME
TAX RETURP4S WITH NO NET INCOME)
The text table on pages 8-9 and basic tables 1, 2, 3, and 7 show
certain composite data for individual returns and taxable fiduciary
returns with net income, as well as certain data for individual returns
wath no net income. The returns used for the compilation of these
four tables are similar to those for 1938 which were used for the text
table on pages 10-11 and basic tables 1, 2, 3, and 7, in Statistics of
Income for 1938, Part 1. Definitions of net income, no net income,
and tax are given on pages 4-5, the method of estimating data for
individual returns with net income under 85,000 and definitions of
sources of income and deductions are found on pages 12-13, and 22-
26 and the method of tabulating fiduciary returns is on pages 50-54.
NUMBER OF RETURNS, NET IXCOME, AND TAX
The number of returns, net income or deficit, tax, average total tax,
and effective tax rate are shown in the following table for individual
returns and taxable fiduciary returns with net income, and for indi-
vidual returns with no net income. The combined data for individual
returns and taxable fiduciary returns with net income are classified
by size of net income, and data for individual returns with no net
income are presented in aggregate.
The total number of individual returns and taxable fiduciary returns
is 7,715,660, of which 7,570,320 are individual returns with net income,
62,879 are taxable fiduciary returns with net income, and 82,461 are
individual returns with no net income. Of the 7,633,199 returns show-
ing a net income of $23,191,871,078, there are 3,959.297 taxable
individual and fiduciarv returns and 3.673,902 nontaxable individual
returns. The total taxliabihty is $928,694,069, of which $599,862,324
is the normal tax and surtax reported on 3,950,949 taxable returns
with no alternative tax, and $328,831,745 is the alternative tax re-
ported on 8,365 returns with alternative tax. Seventeen individual
returns with no net income show alternative tax (see pages 19-20).
The average tax liability on aU individual and fiduciary returns
with net income is $122, effective tax rate 4.0 percent; and on taxable
individual and fiduciary returns with net income the average tax
liability is $234, effective tax rate 5.9 percent.
STATISTICS OF INCOME, PART 1
Individual returns and taxable fiduciary returns, with net income,^ by net income
returns), 1939: number of returns, net income, 'personal exemption, credit for
and with alternative tax, average total tax, and effective tax rate
(For text defining certain items and describing methods
Net income * classes
(Thiousands of dollars)
(1)
Number of
returns
(3)
Net income ^
(3)
Personal
exemption '
(4)
Credit for
dependents
(individual
returns)
(5)
Individual returns and taxable fiduciary
returns 2 with net income:
3, 673. 231
3, 266, 378
671
193, 542
120, 494
77, 180
53, 034
39, 777
30, 128
23, 944
19, 279
15, 798
13. 188
40. 998
21,372
12, 198
13, 203
6, 591
3,731
2,303
1,531
983
724
1,618
548
241
146
131
81
84
27
25
6
10
4
$7, 384. 355. 288
7, 833, 323, 563
3, 570. 347
1,056,946,117
778, 606, 961
575, 950, 848
449, 404, 315
376, 926, 292
315. 699, 282
274, 938, 426
240. 652, 139
213. 047, 092
191,038,015
704, 9.50, 360
476, 402, 618
333, 004, 486
453, 622, 729
293, 344, 614
203, 433, 869
149, 022, 525
113,892,032
83,021,641
68, 427, 774
193,959,199
94, 295, 756
53, 315. 785
39, 870, 822
45, 043, 757
36, 343, 668
50, 286, 993
23, 803, 485
31,088,437
10. 367, 282
25, 825, 832
14, 088, 729
$7, 781, 837, 234
4, 540, 846, 176
1,685,208
423, 907, 679
261.251,723
165, 564. 789
112,075,163
83, 633, 283
62. 708, 139
49. 527, 438
39, 860, 459
32, 725, 286
27, 265. 189
83, 672, 226
43,112,378
24,215,784
26, 023. 557
12,914,935
7, 300, 263
4, 550, 969
2,961,113
1,907,981
1, 365, 470
3, 054, 469
1, 037. 0.50
465. 675
257. 692
246. 000
162,500
165, 075
48, 100
49, 100
13, 500
19, 500
10, 000
$1,205,267,526
262. 692, 829
1,607,372
80, 237, 905
51. 151,. 585
33. 9.50, 789
22. 487, 596
16. 826, 951
12, 478. .597
9, 747, 642
7, 889. 333
6,541,719
5. 320, 947
16, 578. 643
8, 461. 903
4,714.337
5. 087, 563
2, 455. 425
1, 365, 774
867. 963
592, 261
331.632
215.199
536, 791
149. 899
83,317
33. 194
36. 610
26. 032
20. 933
9.200
6,667
9 under 10 -
10 under 11 -- --
11 under 12
12 under 13
13 under 14
15 under 20
20 under 25 -
25 imder 30
30 under 40
40 under 50 -
SO under 60
60 under 70
70 under 80 -
80 under 90 . - --
90 under 100
100 under 150
150 under 200 -. -
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750 -
750 under 1,000 -- -
1,000 under 1,500 . .
1,500 under 2 000
3,200
2,600
3,000 under 4,000
Nontaxable returns '
3, 673, 902
3, 959, 297
7, 387, 925, 635
15, 803, 945, 443
7, 783, 522, 442
6, 012, 918, 661
1, 206. 874. 898
550. 905. 036
fiduciary returns with net income.
7, 633, 199
23, 191, 871, 078
13, 796, 441, 103
1, 757, 779, 934
Individual returns with no net income:
82, 444
17
« 283, 198, 554
« 1,128,067
('■)
30, 500
CO
2,000
Taxable' -
Total, individual returns with no net
82, 461
» 284, 326, 621
(>')
(")
7, 715, 660
'» 22, 907, 544, 457
(")
(")
For footnotes, see p. 47.
STATISTICS OF INCOME^ PART 1 9
classes, also aggregate for individual returns with no net income (excluding fiduciary
dependents, earned income credit, total tax, tax for returns with no alternative tax
of tabulating and estimating data, see pp. 2-6 and 12-13)
Earned
income
credit
(individual
returns)
(6)
Tax
Average
total tax
(col. 7^2)
(13)
Effective
Total tax
(col. 8+11)
(7)
Keturns with no alternative tax *
Returns
with
alternative
tax 6
(11)
tax rate,
percent
(returns
Total
(col. 9+10)
(8)
Normal tax
(9)
Surtax
(10)
with net
income)
(col. 7H-3)
(13)
$558, 820, 856
749, 893, 804
248, 604
89, 678, 226
62, 300, 864
43, 908, 688
32, 779, 606
26, 658, 764
21, 546, 424
18, 229, 655
15, 560, 738
13, 559, 490
11,768,003
36, 901, 052
19, 543, 101
11, 260, 787
12, 351, 621
6, 307, 777
3, 615, 069
2, 256, 836
1, 459, 019
940, 080
686, 205
1, 509, 099
475, 179
224, 346
110,554
109, 291
58, 436
59, 172
19, 783
17, 255
4,702
10, 700
2,300
$90, 964, 913
$90, 957, 135
$90, 831, 017
$126, 118
$7, 778
$28
1.16
19, 068, 722
17, 597, 544
16, 205, 723
15, 503, 588
15, 054, 123
14, 203, 371
13, 691. 285
12, 899, 693
12, 228, 741
11,688,292
50, 339, 593
43, 105, 044
36, 919, 529
61, 546, 149
48, 471, 501
39, 619, 859
33, 327, 375
28, 824, 989
23, 535, 853
21, 377, 867
71, 970, 490
41, 797, 150
25, 643, 111
20, 793, 538
23, 582, 693
20, 653, 888
29, 346, 037
15, 252, 017
20, 563, 408
5, 812, 056
18, 507, 131
8, 298, 658
19, 067, 332
17,597,544
16, 203, 016
15, 503, 588
15, 045, 381
14, 202, 824
13, 634, 224
12, 899, 693
12, 220, 846
11, 685, 629
50, 278, 991
42, 986, 793
36, 661, 542
60, 598, 806
39, 705, 204
19, 927, 695
14, 901, 161
12, 526, 543
9, 275, 663
8, 229, 051
21, 899, 910
9, 479, 829
6, 272, 865
5, 268, 660
5, 807, 038
3, 701, 076
3, 836, 722
3, 169, 259
2, 098, 209
18, 385, 021
16, 021, 855
13, 187, 078
11, 178, 767
9, 894, 592
8, 673, 607
7, 825, 173
7, 022, 592
6, 341, 144
5, 807, 748
22, 484, 821
16, 036, 696
11, 558, 884
16, 078, 361
8, 972, 836
3, 892, 320
2, 549. 182
1, 900, 601
1, 261, 878
1, 015, 264
2, 273, 982
825, 715
497, 163
395, 375
407, 007
247, 136
241, 160
187, 412
122, 758
682, 311
1, 575, 689
3, 015, 938
4, 324, 821
5, 150, 789
5, 529, 217
5, 809, 051
5, 877, 101
5, 879, 702
5, 877, 881
27, 794, 170
26, 950, 097
25, 102, 658
44, 520, 445
30, 732, 368
16, 035, 375
12, 351, 979
10, 625, 942
8, 013, 785
7, 213, 787
19, 625, 928
8,654,114
5, 775, 702
4, 873, 285
5, 400, 031
3, 453, 940
3, 595, 562
2, 981, 847
1, 975, 451
1,390
99
146
210
292
378
471
572
669
774
886
1,228
2,017
3,027
4,662
7,354
10,619
14,471
18, 828
23, 943
29, 527
44, 481
76, 272
106, 403
142, 421
180, 021
254, 986
349, 358
564, 890
822, 536
968, 676
1, 850, 713
2, 074, 665
1.80
2 26
2,707
2.81
3 45
8,742
547
57, 061
3.99
4.50
4.98
5 36
7,895
'2, 663
60, 602
118, 251
257, 987
947, 343
8, 766, 297
19, 692, 164
18, 426, 214
16, 298, 446
14, 260, 190
13, 148, 816
50, 070, 580
32, 317, 321
19, 370, 246
15, 524, 878
17, 775, 655
16, 952, 812
25, 509, 315
12, 082, 758
18,465,199
5, 812, 056
14, 287, 036
8, 298, 658
6.74
6.12
7.14
9.05
11.09
13.57
16.52
19.48
22.36
25.31
28.35
31.24
37.11
44.33
48.10
52.15
52.36
56.83
58.36
64.07
66.14
56.06
4, 220, 095
227, 488
3, 992, 607
71.66
58.90
:
559, 069, 460
1, 183, 806, 626
928, 393, 931
599, 862, 324
286, 344, 633
313, 517, 691
328, 531, 607
234
5.87
1, 742, 876, 086
928, 393, 931
599, 862, 324
286, 344, 633
313, 517, 691
328, 531, 607
122
4.00
10, 708
300, 138
300, 138
17, 655
300, 138
300, 138
(12)
'
928, 694, 069
599, 862, 324
286,344,633 313.517.691 1
328, 831, 745
(12)
1
10 STATISTICS OF INCOME^ PART 1
As compared with 1938 data, the total number of individual returns
and taxable fiduciary returns increased 1,411,770, or 22.4 percent; the
number of retmns with net income increased 1,429,542, or 23.0 per-
cent, and the number of returns with no net income decreased 17,772,
or 17.7 percent. The number of taxable individual returns (with net,
and with no net income) and fiduciary returns with net income in-
creased 910,743, or 29.9 percent, and the number of nontaxable in-
dividual returns with net income increased 518,790, or 16.4 percent.
For returns with net income, the aggregate net income increased
$4,294,497,455, or 22.7 percent; the net income on taxable individual
and fiduciary returns with net income increased $3,132,408,637, or
24.7 percent; and the net income on nontaxable individual returns
with net income increased $1,162,088,818, or 18.7 percent. The total
tax liability (including for this comparison the alternative tax lia-
bility on individual returns with no net income) increased $162,861,228,
or 21.3 percent. The effective tax rates for 1938 were 4.1 percent for
all returns with net income and 6.0 percent for taxable returns with
net income.
Basic table 2, pages 82-90, shows information similar to that in
the preceding table, but classified in greater detail. Returns with
no alternative tax (Part II, pages 84-85) are shown separately from
those with alternative tax (Part III, pages 86-90) and returns with
alternative tax are further classified into those with net long-term
capital gain and with net long-term capital loss, showing computation
of the alternative tax. In all parts of basic table 2, there are pre-
sented six net income classes for returns with net income under $5,000.
In basic table 1, pages 78-79, the number of returns, net income or
deficit, and tax are shewn by States and Territories, for the individual
returns and taxable fiduciary returns, with net income, and for in-
dividual returns with no net income. Unlike 1921-1938, data for
Alaska are published separately from Washington. In basic table 3,
pages 101-103, simple and cumulative totals and percentages of the
number of returns, net income, and tax are shown for individual
returns and taxable fiduciary returns, with net income, by net income
classes, and aggregate data are presented for individual returns with
no net income.
SOURCES OF INCOME AND DEDUCTIONS
In basic table 7, pages 122-130, there are presented sources of income,
deductions, and net income (and two information items "Prior year
net short-term capital loss deducted" and "Net short-term capital
gain before deducting prior year net short-term capital loss" used by
the taxpayer in the computation of "Net short-term capital gain")
reported on individual returns and taxable fiduciary returns with net
income, and on individual returns with no net income. The combined
data for individual returns and taxable fiduciary returns with net
income arc classified by size of net income, and data for individual
returns with no net income are presented in aggregate. For defini-
tions of specific sources of income and deductions see section of this
report under "Individual Income Tax Returns" entitled "Sources of
Income and Deductions," pages 22-26.
Basic table 7 also shows the total number of returns in each net
income class and, for returns with net income of $5,000 and over, the
STATISTICS OF INCOME, PART 1 H
number of returns for each specific source of income and deductions
and for the information item "Prior year net short-term capital loss
deducted." However, the number of returns is not available for the
information item "Net short-term capital gain before deducting prior
year net short-term capital loss," since this amount is tabulated by
adding the "Net short-term capital gain reported for the computation
of net income" to the "Prior year net short-term capital loss deducted,"
For individual returns and taxable fiduciary returns, with net
income under $5,000, shown in basic table 7, the number of returns
on which specific sources of income and deductions are reported is
available only for "Salaries, wages, commissions, etc." (individual
returns), and "Dividends from domestic and foreign corporations"
(individual and fiduciary returns). For 1938, such data were not
pubhshed. Statistics of Income for 1937, Part 1 (basic table 7, pages
133-137) is the only volume containing, for returns with net income
under $5,000 classified by size of net income, the number of returns
on which each specific source of income and each deduction item is
reported. If a comparison is made for 1939 and 1937 of the number
of returns with net income under $5,000 showing "Salaries, wages,
commissions, etc.," and "Dividends from domestic and foreign
corporations," it must be borne in mind that for 1939 there is excluded
from basic table 7 information for nontaxable returns with net income
for estates and trusts incorrectly filed on Form 1040 instead of Form
1041, whereas, for 1937, information for such returns is included in
basic table 7.
Some of the amount distributable to beneficiaries, reported on
taxable fiduciary returns and shown in basic table 7, is also tabulated
in basic table 7 as certain sources of income for individual returns
filed by beneficiaries and for certain taxable fiduciary returns filed for
estates and trusts which are recipients of an amount distributable.
The items in basic table 7, which may include some of amount dis-
tributable to beneficiaries, are: "Income from fiduciaries," "Taxable
interest on partially tax-exempt Government obligations," and "Net
short-term and long-term capital gain" (if distribution consists of
net capital gain from a "Common trust fund") and "Total income."
However, this duplication of data represents a negligible percentage
of total income or net income shown in basic table 7. For explanation
of method of reporting distributions to beneficiaries, see section of
this report entitled "Fiduciary Income Tax Returns," page 53.
INDIVIDUAL INCOME TAX RETURNS WITH NET INCOME AND WITH
NO NET INCOME (EXCLUDING FIDUCIARY INCOME TAX RETURNS)
The tables in this section of the text, pages 14-20, 23, 26-46, and basic
tables 1-A, 2-A, 3-A, 4, 5, 6, 7-A, 8, 8-A, and 9 (except last two lines)
present data for individual returns. In general, these tables are similar
to those for 1938, except basic tables 8 and 8-A, which contain informa-
tion for all returns filed by sole proprietors, instead of data for returns
with net income of $5,000 and over (see pages 48-49). Unlike
1921-1938, data for Alaska are published separately from Washington
in basic tables 1-A, 4, 6, and 9.
12 STATISTICS OF INCOME^, PART 1
ESTIMATE OF DATA FOR CERTAIN RETURNS WITH NET INCOME UNDER $5,000
All individual returns, Form 1040, are sent to the Bureau of Internal
Revenue for administrative action. The Statistical Section tabulates
completely all Forms 1040 with net income of $5,000 and over, and all
Forms 1040 with net income under $5,000 showing income character-
istics similar to those usually found on returns with net income of
$5,000 and over, such as varied and unusual sources of income or
large total income (which number approximately 279,000). The
remaining returns. Form 1040, with net income under $5,000, are
sampled and estimates of data are computed. Individual returns,
Form 1040A, are retained in the collection districts, except that
(1) all such returns with net income of $5,000 and over are forwarded
to the Statistical Section to be tabulated completely, and (2) a sample
of the returns with net income under $5,000 is forwarded to the
Statistical Section and estimates of data are computed.
The sample of the 1939 individual returns with net income under
$5,000 consists of (1) approximately 261,000 returns. Form 1040,
representing 16.9 percent of the total number of taxable and nontaxable
returns, Form 1040, with net income under $5,000 after deducting
those showing income characteristics similar to those usually found
on returns with net income of $5,000 and over, and (2) approximately
507,000 returns, Form 1040A, representing 10.0 percent of the total
number of taxable and nontaxable returns. Form 1040A, with net
income under $5,000.
For each collection district, the minimum number of Forms 1040 in
the sample is 2,000 taxable and 2,000 nontaxable returns; and the
minimum number of Forms 1040 A in the sample is 1,000 taxable
and 1,000 nontaxable returns, or 10 percent of the total number of
taxable and nontaxable returns filed on Form 1040A with net income
under $5,000, whichever is larsrer. If less than 2,000 taxable or 2,000
nontaxable returns. Form 1040, or less than 1,000 taxable or 1,000
nontaxable returns, Form 1040A, are filed in a collection district,
information is tabulated from the entire number filed.
For 1939 and 1938, the sample of returns. Form 1040, for each col-
lection district was the same as that stated above. However, for
returns. Form 1040A, the sample for 1938 consisted of a minimum
number of 2,000 taxable and 2,000 nontaxable returns, or 20 percent
of the total number of taxable and nontaxable returns filed on Form
1040A with net income under $5,000, w^hichever was larger. If less
than 2,000 taxable and 2,000 nontaxable returns. Form 1040A, were
filed in a collection district, information was tabulated from the entire
number filed.
Except for the data for sole proprietors in basic tables 8 and 8-A
(see text, page 49), estimates, by States, are made separately for the
four following categories of returns: Forms 1040, taxable and non-
taxable, and Forms 1040A, taxable and nontaxable. The total
number of returns filed in each of the four categories in each State is
obtained from records of the Bureau of Internal Revenue. From
the total number of returns filed for each category, there is subtracted
the number of returns tabulated completely by the Statistical Section.
STATISTICS OF INCOME^ PART 1 13
The remainder in each category is the number of returns with net
income under $5,000 for which estimates are computed. For each
State and for each of the four categories of returns, estimates of data
for each net income class are secured by applying to the sample in
each net income class the appropriate ratio of the number of returns
in the sample with net income under $5,000 to the remainder of returns
with net income under $5,000, computed as stated above. Data for
each net income class for returns with net income under $5,000 con-
sist of the combination of these estmiates with data for returns, Form
1040, with net income under $5,000 which are tabulated completely.
For individual returns with net income under $5,000, the estimated
number of returns on which specific sources of income and deductions
are reported is available only for " Salaries, w^ages, commissions, etc.,"
and "Dividends from domestic and foreign corporations" (see text
table, page 26, and basic table 7-A, page 131).
NUMBER OF RETURNS, NET INCOME, AND TAX
The number of returns, net income or deficit, tax, average total tax,
and effective tax rate are shown in the following table for individual
returns with net income and with no net income. The data for indi-
vidual returns with net income are classified by size of net income and
aggregate data are presented for individual returns with no net income.
The total number of individual returns is 7,652,781, of wiiich
7,570,320 are returns with net income and 82,461 are returns with no
net income. Of the 7,570,320 returns showing a net income of
$22,938,918,209, there are 3,896,418 taxable returns and 3,673,902
nontaxable returns. The total tax liability is $891,234,170, of wiiich
$576,599,179 is the normal tax and surtax reported on 3,888,331
taxable returns with no alternative tax, and $314,634,991 is the alter-
native tax reported on 8,104 returns with alternative tax. Seventeen
returns with no net income show alternative tax (see pages 19-20).
The average tax liability on all individual returns with net income is
$118 and on taxable individual returns is $229. The effective tax
rate is 3.9 percent for all individual returns with net income and 5.7
percent for taxable individual returns with net income.
As compared with 1938 data, the total number of individual returns
increased 1,401,772, or 22.4 percent; the number of returns with net
income increased 1,419,544, or 23.1 percent; and the number of returns
with no net income decreased 17,772, or 17.7 percent. The number
of taxable returns (with net, and with no net income) increased 900,745,
or 30.1 percent, and the number of nontaxable returns with net income
increased 518,790, or 16.4 percent. For returns with net income, the
aggregate net income increased $4,277,989,023, or 22.9 percent; the
net income on taxable individual returns with net income increased
$3,115,900,205, or 25.1 percent; and the net income on nontaxable
individual returns with net income increased $1,162,088,818, or 18.7
percent. The total tax liability (including for this comparison the
alternative tax on individual returns with no net income) increased
$164,499,306, or 22.6 percent. The effective tax rates for 1938 were
3.9 percent for all individual returns with net income and 5.8 percent
for taxable individual returns with net income.
14
STATISTICS OF INCOME^ PART 1
Individual returns with net income (excluding fiduciary returns), by net income
returns), 1939: number of returns, net income, -personal exemption, credit for
and with alternative tax, average total tax, and effective tax rate ^^
(For text defining certair items and describing methods
Net income classes
(Thousands of dollars)
(1)
Number of
retm'ns
(3)
Net income
(3)
Personal
exemption
(4)
Credit for
dependents
(5)
Returns with net income:
3, 673, 231
3, 213, 948
671
191, 873
119, 235
76, 203
52, 207
39, 122
29, 618
23, 491
18, 871
15,491
12, 930
40,011
20, 796
11,820
12, 791
6, 343
3,588
2,229
1, 470
937
686
1,531
518
233
135
121
74
79
23
24
6
10
4
$7, 384, 355, 288
7, 766, 938, 412
3, 570, 347
1, 047, 810, 393
770,461,112
568, 658, 656
442, 394, 264
370, 718, 852
310,351,982
269, 743, 240
235,559,811
208, 908, 391
187, 301, 453
687, 927, 434
463, 512, 930
322, 650, 328
439, 454, 286
282, 303, 731
195, 560, 244
144, 270, 839
109,351,911
79, 126, 667
64, 835, 734
183, 130, 813
89, 357, 315
51, 545, 949
36, 912, 382
41,574,898
33, 149, 060
47, 287, 595
20, 290, 424
29, 621, 625
10, 367, 282
25, 825, 832
14, 088, 729
$7, 781, 837, 234
4, 525, 129, 703
1, 685, 208
423, 021, 762
260, 608, 323
165, 057, 689
111,665,280
83, 298, 683
62, 464, 539
49, 330, 038
39, 668, 542
32, 591, 086
27, 135, 889
83, 209, 926
42, 839, 678
24, 037, 584
25, 817, 657
12, 789, 335
7, 231, 063
4,517,469
2, 935, 213
1, 886, 281
1, 349, 970
3, 014, 269
1, 018, 750
460, 375
254, 792
240, 500
160, 000
161, 875
45, 000
49, 000
13, 500
19, 500
10, 000
$1, 205, 267, 526
262, 692, 829
1,607,372
80, 237, 905
51, 151, 585
33, 950, 789
22, 487, 596
16, 826, 951
12,478,597 1
9, 747, 642
7, 889, 333
6, 541, 719
5, 320, 947
16, 578, 643
8, 461, 903
4,714,337
5, 087, 533
2, 455, 425
1, 365, 774
867, 963
592, 261
331, 632
215. 199
536, 791
149, 899
83, 317
33, 194
36, 610
26, 032
20, 933
9,200
6,667
9 under 10 -
lOunderll - --
11 under 12 - - -
12underl3 - --
13 under 14 ■
15 under 20 - --
20 under 25 - -
25 under 30 - -
30 under 40 . ---
40 under 50
50under60
60 under 70 - -
70 under 80
80 under 90 - -
90 under 100 -
lOOunderlSO
150 under 200
200 under 250 -
250 under 300 - -
300under400 - -
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500 - - -.-
1 500 under 2 000
2,000 under 3,000
3,200
2,600
3,000 under 4,000
4 000 under 5 000
3, 673, 902
3, 896, 418
7, 387, 925, 635
15, 550, 992, 574
7, 783, 522, 442
5, 992, 033, 271
1, 206, 874, 898
550, 905, 036
Taxable returns
Total, individual returns with net
7, 570, 320
22, 938, 918, 209
13, 775, 555, 713
1,757,779,934
Returns with no net income:
82, 444
17
« 283, 198, 554
9 1, 128, 067
(»)
30, 500
(")
2,000
Taxable' -
Total, individual returns with no
82, 461
« 284, 326, 621
(")
(■')
Grand total
7, 652, 781
10 22, 654, 591, 588
(")
(")
For footnotes, see p. 47.
STATISTICS OF INCOME. PART 1
15
classes, also aggregate for individual returns with no net income (excluding fiduciary
dependents, earned income credit, total tax, tax for returns with no alternative tax
of tabulating and estimating data, see pp. 2-6 and 12-13)
Eained in-
come credit
(6)
Tax
Average
total tax
(col. 7-^2)
(13)
Effective
tax rate,
Total tax
(ool. 8+11)
(7)
Returns with no alternative tax «
Returns
with
alternative
tax 5
(11)
percent
(returns
Total (col.
9+10)
(8)
Normal
tax
(9)
Surtax
(10)
income)
(col.
7-^3)
(13)
$558, 820, 856
749, 893, 804
248, 604
89, 678, 226
62, 300, 864
43, 908, 688
32, 779, 606
26, 658, 764
21, 546, 424
18, 229, 655
15, 560, 738
13, 559, 490
11, 768, 003
36, 901, 052
19, 543, 101
11,260,787
12,351,621
6, 307, 777
3, 615, 069
2,256,836
1,459,019
940, 080
686, 205
1, 509, 099
475, 179
224, 346
110,554
109, 291
58, 436
59, 172
19, 783
17, 2.55
4,702
10, 700
2,300
$88, 968, 200
$88, 960, 422
$88, 853, 059
$107, 363
$7, 778
$28
1.15
18, 683, 249
17, 205, 420
15, 816, 909
15,096,118
14, 667, 846
13,849,107
13, 326, 387
12, 527, 863
11, 910, 686
11, 392, 509
48, 810, 625
41,709,340
35, 603, 496
59, 440, 571
46, 520, 630
38, 000, 990
32,215,816
27, 653, 230
22, 400, 798
20, 234, 373
67,935,471
39, 775, 442
24, 795, 657
19,351,010
21,807,062
19, 006, 684
27, 518, 181
13, 424, 934
18, 667, 583
5,812,056
18. 507. 131
8, 298, 658
18, 681, 859
17, 205, 420
15,814,202
15,096,118
14, 659, 104
13, 848. 560
13, 269, 326
12, 527, 863
11, 902. 791
11, 389, 846
48, 765, 062
41,591,089
35, 345, 509
58,511,173
37, 954, 117
18, 946, 284
14, 200, 859
11,833,361
8,470,687
7, 463, 376
19, 983, 836
8, 600, 790
5, 942, 527
4,707,911
5, 188, 934
3, 421, 425
3, 396, 751
2, 601, 673
2, 098, 209
18, 062, 332
15, 730, 907
12, 922, 274
10,921,315
9, 663, 894
8, 473. 888
7, 628, 915
6, 831, 498
6, 183, 733
5, 666, 932
21, 835, 535
15, 538, 939
11, 157, 193
15, 538, 385
8, 584, 122
3, 706, 285
2, 428, 861
1,798,464
1, 153, 741
921,047
2, 082, 007
747, 565
470, 779
352, 973
363, 924
228, 600
213,918
153, 381
122, 758
619, 527
1,474,513
2, 891, 928
4, 174, 803
4, 995, 210
5, 374. 672
5,640,411
5, 696, 365
5, 719, 058
5, 722, 914
26, 929, 527
26,052,150
24, 188, 316
42, 972, 788
29, 369, 995
15, 239, 999
11, 771. 998
10, 034, 897
7, 316, 946
6, 542, 329
17,901,829
7,853,225
5, 471, 748
4, 354, 938
4, 825. 010
3, 192, 825
3, 182, 833
2, 448, 292
1,975,451
1,390
97
144
208
289
375
468
567
664
769
881
1,220
2,006
3,012
4,647
7,334
10, 591
14. 453
18,812
23, 907
29, 496
44, 373
76, 787
106. 419
143. 341
180, 224
256, 847
348, 331
583, 693
777,816
968, 676
1,850,713
2,074,665
1.78
2.23
2,707
2.78
3.41
8,742
547
57,061
3.96
4.46
4.94
5.32
7,895
2,663
45, 563
118. 251
257, 987
929, 398
8, 566, 513
19, 054, 706
18, 014, 957
15, 819, 869
13.930,111
12, 770, 997
47,951,635
31, 174, 652
18, 853, 130
14, 643, 099
16, 618, 128
15, 585, 259
24,121,430
10, 823. 261
16, 569, 374
5, 812, 056
14,287.036
8, 298, 658
5.70
6.08
7.10
9.00
11.03
13.53
16.48
19.43
22.33
25.29
28.31
31.21
37.10
44.51
48.10
52.42
52.45
57.34
58.19
66.16
63.02
56.06
4, 220, 095
227,488
3,992,607
71.66
58.90
559, 069, 460
1,183, 806, 626
890,934,032
576, 599, 179
278, 564, 712
298,034,467
314,334,853
229
5.73
1,742,876,086
890,934,032,
576, 599, 179
278, 564, 712
298,034,467
314,334,853
118
3.88
10, 708
300, 138
300, 138
17, 655
300, 138
300, 138
(12)
891, 234, 170
576, 599, 179
278, 564, 712
298,034,467
314, 634, 991
(12)
16
STATISTICS OF INCOME, PART 1
Basic table 2-A, pages 92-100, shows information similar to that
in the preceding table, but classified in greater detail. Returns with
no alternative tax (Part II, pages 94-95) are shown separately from
those with alternative tax (Part III, pages 96-100) and returns with
alternative tax are further classified into those with net long-term
capital gain and with net long-term capital loss, showing the computa-
tion of the alternative tax. In all parts of basic table 2-A there are
presented six net income classes for returns with net income under
$5,000.
The distribution of number of returns, net income or deficit, and
tax, by States and Territories, is given in basic table 1-A, pages 80-81,
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX
The distribution of individual returns with net income by a limited
number of net income classes is exhibited in the following table.
There are shown simple and cumulative totals and percentages for
the number of returns, net income, and tax. Basic table 3-A, pages
104-106, contains number of returns, net income, and tax distributed
by a more detailed net income classification. Both in the following
table and basic table 3-A, aggregates are shown for the returns with
no net income.
Inmvidual returns with net tncome (excluding jiduciary returns), lyoy, by net income
classes:^^ simple and cumulative distribution of number of returns, net income, tax,
and percentages; also aggregate for individual returns with no net income (exclud-
ing fiduciary returns) , 1939
(For text defining certain item.s and describing methods of tabulating and estimating data, see pp. 2-6 and
12-13)
[Net income classes and money figures in thousands of dollars]
Returns
Net income classes
Simple distribution
Cumulative distri-
bution from highest
income class
Cumulative distri-
bution from lowest
income class
Number
346, 521
3. 023. 618
2, 054, 482
1, 462, 558
479,311
161, 208
30, 954
8,910
1,531
886
195
102
44
Percent
of total
Number
Percent
of total
Number
Percent
of total
Returns with net income:
Under 1 (estimated)
4.58
39.94
27.14
19.32
0.33
2.13
.41
.11
.02
.01
(15)
(16)
(16)
7, 570, 320
7, 223, 799
4.200,181
2, 145, 699
683, 141
203, 830
42, 622
11,668
2,758
1,227
341
146
44
100. 00
95.42
55.48
28.34
9.02
2.69
.56
.15
.04
.02
(15)
(15)
(15)
346, 521
3, 370, 139
5, 424, 621
6, 887, 179
7, 366, 490
7, 527, 698
7, 558, 652
7, 567, 562
7, 569, 093
7, 569, 979
7, 570, 174
7, 570, 276
7, 570, 320
4.58
1 under 2 (estimated). _..
44.52
2 under 3 (estimated)
71.66
3 under 5 (estimated) .
90.98
5 under 10 .
97. 31
10 under 25
99.44
25 under 50. _
99.85
50 under 100.__.
99.96
100 under 150.
99,98
150 under 300_
99.99
300 under 500
99.99
500 under 1,000
99.99
1,000 and over..
100. 00
Total, individual returns with
net income .. ... _
7, 570, 320
82, 461
100. 00
(12)
Individual returns with no net in-
come '
Grand total..
7, 652, 781
(12)
For footnotes, see p. 47.
STATISTICS OF INCOME, PART 1
17
Individual returns with net income (excluding fiduciary returns), 1939, by net income
classes:^^ simple and cumulative distribution of number of returns, net income, tax,
and percentages; also aggregate for individual returns with no net income (exclud-
ing fiduciary returns), 1939 — Continued
[Net income classes and money figures in thousands of dollars]
Net income
Net income classes
Simple distribution
Cumulative distri-
bution from highest
income class
Cumulative distri-
bution from lowest
income class
Amount
Percent
of total
Amount
Percent
of total
Amount
Percent
of total
Returns with net income:
Under 1 (estimated) .-
243, 163
4, 309, 629
5, 186, 890
5,411,612
3, 203, 614
2, 363, 305
1, 044, 408
593, 145
183, 131
177. 816
74, 724
67. 578
79, 903
1.06
18.79
22.61
23.59
13.97
10.30
4.55
2.59
.80
.77
.33
.29
.35
22, 938, 918
22, 695. 755
18, 386, 126
13, 199, 236
7, 787, 625
4,584,011
2, 220, 706
1, 176, 297
583, 152
400, 021
222, 205
147,481
79, 903
100. 00
98.94
80.15
57.54
33.95
19. 98
9.68
5.13
2.54
1.74
.97
.64
.35
243, 163
4, 552, 792
9, 739, 682
15,151,294
18, 354. 907
20,718,213
21, 762, 621
22. 355, 766
22. 538. 897
22, 716, 713
22,791,437
22,859,015
22, 938, 918
1.06
1 under 2 (estimated) _ -
2 under 3 (estimated
3 under 5 (estimated)
19.85
42.46
66.05
80.02
10 under 25
90.32
25 under 50
94.87
50 under 100
97,46
100 under 150 ..
98.26
150 under 300
99.03
300 under 500
99,36
500 under 1 ,000
99.65
1,000 and over
100. 00
Total, individual returns with
22, 938, 918
8 284, 327
100. 00
(12)
Individual returns with no net in-
Total tax "
Net income classes
Simple distribution
Cumulative distri-
bution from highest
income class
Cumulative distri-
bution from lowest
income class
Amount
Percent
of total
Amount
Percent
of total
Amount
Percent
of total
Returns with net income:
Under 1 (estimated) ._
432
20, 971
20, 922
46, 643
81, 470
153, 527
141,565
140, 505
67, 935
83, 922
40, 814
40, 943
51, 285
0.05
2.35
2.35
5.23
9.15
17.23
15.89
15.77
7.63
9.42
4.58
4.59
5.76
890, 934
890, 502
869, 531
848. 609
801, 966
720, 496
566, 970
425. 405
284, 900
216, 964
133, 042
92, 229
51, 285
100. 00
99.95
97.60
95,25
90.02
80.87
63.64
47.75
31.98
24.35
14.93
10.35
5.76
432
21, 403
42, 325
88, 968
170, 438
323, 964
465, 529
606, 034
673, 970
757, 892
798, 705
839, 649
890, 934
0.05
1 under 2 (estimated
2.40
2 under 3 (estimated)
4.75
3 under 5 (estimated)
9.98
5 under 10
19.13
10 under 25
36.36
25 under 50 . -
52.25
50 under 100
68.02
100 under 150
75.65
150 under 300
85.07
300 under 500
89.65
600 under 1,000
94.24
1,000 and over .
100.00
Total, individual returns with
890, 934
300
100. 00
(12)
Individual returns with no net in-
come (taxable) '
Grand total
891, 234
(12)
For footnotes, see p. 47.
18
STATISTICS OF INCOME, PART 1
CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP, INDIVIDUAL RETURNS WITH
NET INCOME
The table presented herewith shows the number of individual
returns with net income and the net income distributed according to
sex and family relationship of the taxpayer. In basic table 4, pages
107-109, similar data are shown by States and Territories. In basic
table 5, there are presented the number of returns, net income, per-
sonal exemption, and credit for dependents, classified by net income
classes and by sex and family relationship of the taxpayer. There are
excluded from the following table and from basic tables 4 and 5, indi-
vidual returns with no net income, which are not classified by sex and
family relationship of the taxpayer.
The tabulation of the individual returns showing community prop-
erty 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 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 liability
apportioned between husband and wife, the items of income and deduc-
tions are divided to represent two community property returns, the
net income class for each of the separate returns being 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 accord-
ing to the net income on each return.
In basic table 4 there are shown for the first time 322 community
property returns which were filed in Oklahoma. These returns were
received from taxpayers who had filed with the State government a
written election to come under the provisions of the Oldahoma com-
munity property law, passed during 1939. Basic table 4 also shows
data for the following eight community States: Arizona, California,
Idaho, Louisiana, Nevada, New Mexico, Texas, and Washington.
Individual returns with net income {excluding fiduciary returns), 1939, by sex and
family relationship: number of returns, net income, and percentages ^'
(For text defining certain items and describing methods nf tabulating and estimating data, see pp.
and 18)
2-5, 12-13,
Returns
Net income
Family relationship
Number
Percent
of total
Amount
(thousands
of dollars)
Percent
of total
Joint returns of husbands and wives, or of either husband
or wife when no other return is filed
Separate returns of husbands and wives:
Men 18
3, 323, 698
184, 765
180, 802
481, 543
311,061
1,758,058
1, 279, 703
50,690
43.91
2.44
2.39
6.36
4.11
23.22
16.90
.67
11, 849, 817
1,941,202
867, 955
1, 244, 988
699, 899
3, 302, 583
2, 457, 303
575, 172
51.66
8.46
Women "._
3.78
Heads of families:
Single men and married men not living with wives __
Single women and married women not living with
husbands .__
5.43
3.05
Not heads of families:
Single men and married men not living with wives.. _
Single women and married women not living with
husbands
14.40
10.71
Community property returns "
2.51
Total, individual returns with net income
7,570,320
100. 00
22, 938, 918
100.00
For footnotes, see p. 47.
STATISTICS OF INCOME, PART 1
19
PERSONAL EXEMPTION AND CREDITS AGAINST NET INCOME, INDIVIDUAL
RETURNS WITH NET INCOME
The following table shows that, of the net income of $22,938,918,209
reported on all individual returns with net income, there is $7,751,079,-
075 which is subject to the normal tax rate of 4 percent. Of this
$7,751,079,075 there is reported net income of $6,964,117,800 subject
to the normal tax liability on returns wdth no alternative tax liability
and net income of $786,961,275 which is the base for the normal tax
computation used in the determination of the alternative tax on returns
with alternative tax liability (see item 9, schedule F, page 3, Form
1040, facsimile on page 322). Of this latter amount, net income of
$326,868,850 is reported on returns which show net long-term capital
gain and net income of $460,092,425 is reported on returns which
show net long-term capital loss.
The net income specifically exempt from the normal tax rate of 4
percent through personal exemption, credit for dependents, earned
income credit, interest on Government obligations not wholly exempt
from tax, and net long-term capital gain and loss reported on returns
with alternative tax liability is also show^n in the following table:
Individual returns with net income {excluding fiduciary returns), 1939: net income
exempt from and amount subject to normal tax
(For text defining certain items and describing methods of tabulating and estimating data, see pp. 4, 12-13,
and 21-23)
[Money figures in thousands of dollars]
Amount
Percent
of net
income
Net income
Personal exemption and credits against net income:
Personal exemption
Credit for dependents
Earned income credit
Taxable interest on partially tax-exempt Government obligations 20
Total personal exemption and credits against net income
Net long-term capital gain and loss reported on returns with alternative tax:
Net long-term capital gain 58,326
Less: Net long-term capital loss 40,078
Total
Less: Excess exemption and credits^
Net income exempt from normal tax
Net income subject to normal tax
22, 938, 918
13, 775, 556
1,757,780
1, 742, 876
46, 908
100.00
60.05
7.66
7.60
.21
17, 323, 120
18, 248
75.52
17,341,368
2, 153, 529
75.60
9.39
15, 187, 839
66.21
SI 7, 751, 079
33.79
For footnotes, see p. 47.
INDIVIDUAL RETURNS WITH NO NET INCOME BUT WITH ALTERNATIVE TAX
LIABILITY
In the following table there is presented the computation of the
alternative tax, in accordance w^ith the provisions of section 117(c)(2)
of the Internal Revenue Code, for the 17 individual returns with no
net income which show alternative tax liability. Each of these
returns shows a net long-term capital loss in excess of deficit and there
is an alternative tax liability because the partial tax computed on
ordinary net income exceeds 30 percent of the net long-term capita]
loss (see schedule F, page 3, Form 1040, facsimile on page 322).
20 STATISTICS OF INCOME, PART 1
Individual returns with no net income, 1939, but with ordinary net income and
alternative tax liability
(For text defining certain items and describing method of tabulating data, see pp. 4-5, 19, 21-23)
[Money figures in thousands of dollars]
Number of returns
and amount
Number of returns 17
Deficit (includes net long-term capital loss) 1, 128
Net long-term capital loss 4, 605
Ordinary net income 3, 477
Less: Credits for surtax net income computation:
Personal exemption 31
Credit for dependents 2
Ordinary net income for surtax computation 3, 444
Less: Credits for normal tax net income computation:
Interest on partially tax-exempt Government obligations. _ 1
Earned income credit 11
11
Ordinary net income for normal tax computation 3, 433
Normal tax 137
Surtax 1,544
Total, partial tax 1, 681
Less: 30 percent of net long-term capital loss 1, 381
Alternative tax 22 300
For footnotes, see p. 47.
CAPITAL GAINS AND LOSSES
The provisions of the revenue acts relating to capital gains and
losses from the sale of assets held more than two years apply to capital
gains and capital losses resulting from the sale or exchange of capital
assets consummated after December 31, 1921, and prior to January
1, 1934. Definitions of terms and 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, aft'ecting the tax credit on capital losses, is found on pages 304-305
of this report. The "Total income" and "Net income" for individual
returns for 1922 through 1933, as presented in the historical tables,
pages 57-73, include "Capital net gains," whereas, for the years 1924
through 1933, the "Net income" has not been reduced by, and "Deduc-
tions" have not been increased by, the amount of "Capital net losses"
reported for tax credit.
Under the provisions of 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. The term "Capital assets" means property held by the tax-
payer (whether or not connected with his trade or business), but
excludes (1) stock in trade or other property which would properly
be included in the inventory of the taxpayer if on hand at the close
of the taxable year and (2) property held primarily for sale to cus-
tomers in the ordinary course of trade or business. Certain per-
centages of the gain or loss recognized upon such sales or exchanges
are taken into account in computing net income. These percentages,
which vary according to the period for which the assets have been
STATISTICS OF INCOME, PART 1 21
held, are as follows: 100 percent, for capital assets held not over 1
year; 80 percent, for capital assets held over 1 year but not over 2
years; 60 percent, for capital assets held over 2 years but not over 5
years; 40 percent, for capital assets held over 5 years but not over 10
years; and 30 percent, for capital assets held over 10 years. The
deduction for net capital loss after the percentages are applied and
after subtracting the prorated gains from the sales or exchanges of
capital assets is limited to $2,000, or the amount of the net capital
loss, whichever is less.
The net income reported on individual returns for the income years
1934 through 1937 includes net capital gain and loss computed in
accordance with the limitations stated in the preceding paragraph.
It is not possible, by using the net capital gain and net capital loss on
the returns for these years, to adjust the "Total income," "Total
deductions," and "Net income" so that they will be comparable with
these items as tabulated for prior years. Moreover, net capital gain
and loss reported on individual returns for 1934 through 1937 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 for prior years. The net capital gain and loss
reported on fiduciary income tax returns. Form 1041, for 1937, included
in Statistics of Income for 1937, Part 1, are computed according to the
limitations which apply to the individual returns.
Under the provisions of the Revenue Act of 1938 and the Internal
Revenue Code as amended, the definition of capital assets is the same
as that under the provisions of the Revenue Acts of 1934 and 1936,
except that there is excluded property used m trade or business of a
character which is subject to the allowance for depreciation. The
net gain or loss from the sale or exchange of this excluded property
subject to the allowance for depreciation is reported as "Net gain (or
loss) from sale or exchange of property other than capital assets"
(item 10(c), page 1, Form 1040, facsimile on page 320).
The percentages of gain or loss recognized upon the sale or exchange
of capital assets which are taken into account in computing net in-
come differ from those under the provisions of the Revenue Acts of
1934 and 1936. They are as follows: 100 percent, for capital assets
held 18 months or less; 66^^ percent, for capital assets held over 18
months but not over 24 months; 50 percent, for capital assets held over
24 months (see schedule F, page 3, Form 1040, facsimile on page 322).
The net capital gain or loss taken into account in computing net in-
come is divided into short-term and long-term. Net short-term gain
or loss refers to that from capital assets held 18 months or less, and
net long-term gain or loss refers to that from capital assets held over
18 months. Net short-term gain and net long-term gain or loss may
be taken into account in computing current year net income. Net
short-term loss, however, may not be taken into account in computing
current year net income.
According to section 117(e) of the Internal Revenue Code as
amended, net short-term capital loss, sustained in any taxable year
beginning after December 31, 1937, may not be deducted from income
in the year in which the loss is sustained, but may be carried to the next
succeeding taxable year and apphed against short-term capital gains
not already offset by short-term capital losses of such succeeding year.
Net short-term capital loss carry-over is restricted to one year, namely,
22 STATISTICS OF INCOME^ PART 1
the next succeeding taxable year, and cannot exceed net income for the
year in which the loss was sustained, nor can it exceed the net short-
term capital gain of the succeeding year — the year in which the loss
is deducted. Returns for 1939 are the first to show the net short-
term loss carry-over. The amounts of "Prior year net short-term
capital loss deducted" and "Net short-term capital gain before deduct-
ing prior year net short-term capital loss" are presented in all tables in
this report showing sources of income and deductions reported on
individual and fiduciary returns.
According to sections 169(c)(1) and 182 of the Revenue Act of 1938
and of the Internal Revenue Code, net short-term capital gain or
loss and net long-term capital gain or loss include, respectively,
(1) net short-term and net long-term capital gain or loss from sale or
exchange of capital assets received from "Common trust funds" and
(2) each partner's share of net short-term and net long-term capital
gain or loss allowed partnerships. Under the provisions of the
Revenue Acts of 1934 and 1936, net capital gain or loss from "Common
trust funds" and net capital gain or loss allowed partnerships were
included in "Income from fiduciaries" and "Partnership profit or
loss," respectively.
In comparing the net short-term capital gain used in the computa-
tion of net income on returns for 1939 and 1938, it must be remembered
that the amount for 1939 is after the deduction of the prior year net
short-term capital loss, whereas, for 1938, such a deduction was not
allowed. The "Net short-term capital gain before deducting prior
year net short-term capital loss" for 1939 (see tables in this report
showing sources of income and deductions) is comparable with the
"Net short-term capital gain" published for 1938. The amounts of
net long-term capital gain and loss for 1939 and 1938 are comparable.
Moreover, the amounts of net short-term capital gain and net
long-term capital gain and loss shown on the returns for 1938 and
1939 are not comparable with those for net capital gain and loss
tabulated for the income years 1934 through 1937. It is not possible,
by using the net short-term capital gain and the net long-term capital
gain or loss, to adjust "Total income," "Total deductions," and "Net
income" for 1938 and 1939 so that they are comparable with these
items tabulated for the income years 1934 through 1937.
SOURCES OF INCOME AND DEDUCTIONS
In the following table there are presented the sources of income
and deductions (and two information items "Prior year net short-
term capital loss deducted" and "Net short-term capital gain before
deducting prior year net short-term capital loss") reported on indi-
vidual returns with net income and with no net income. Income
from the various sources represents the net amount by which the
gross receipts exceed the deductions, as reported in the schedules on
the return (see facsimile of Form 1040, pages 320-325), and in aggre-
gate 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 transferred in tabulation to deductions, and are
included with the amounts reported under specified or other deductions.
STATISTICS OF INCOME, PART 1
23
Individual returns with net income and with no net income (excluding fiduciary
returns), 19S9: number of returns, sources of income and deductions, and net
income
(For text defining certain items and describing methods of tabulating and estimating data, see m 2-6
and 21-25)
[Money figures in thousands of dollars]
Sources of income and deductions
Individual returns
Total
With net
With no net
mcome
income '
7, 652, 781
7, 570, 320
82, 461
16, 490, 599
16, 440, 923
49, 677
2, 543, 650
2, 480, 557
63,093
782, 909
760, 762
22, 148
48, 607
46, 908
1,698
1, 250, 748
1, 240, 363
10, 385
712,344
699, 359
12, 985
803,119
768, 901
34, 218
2, 702, 317
2, 688, 624
13, 693
150, 302
144, 151
6,152
20, 658
20, 288
371
170, 960
164, m
6, 529.
192, 354
186, 053
6,301
28, 929
27, 322
1,607
338, 958
332, 225
6,733
26, 044, 836
25, 816, 147
228, 690
56, 202
27, 807
28, 396
222, 447
100, 371
122, 076
461, 322
310, 273
151,049
54, 550
26, 795
27, 755
498, 902
494, 789
4,112
573, 244
539,440
33,804
895, 006
860, 809
34, 196
26, 228
18,635
7.593
126, 995
81, 887
45. 107
475, 349
416, 421
58, 927
3, 390, 245
2, 877, 229
513,016
10 22, 654, 592
22, 938, 918
« 284, 327
Number of returns
Sources of income:
Salaries, wages, commissions, etc
Dividends from domestic and foreign corporations ^s
Taxable interest:
Bank deposits, notes, mortgages, corporation bonds 2*
Partially tax-exempt Government obligations 20
Partnership profit 25
Income from fiduciaries ^^
Rents and royalties
Business profit
Capital gain: 2?
Short-term: 28
Net short-term capital gain included in item 16 29
Prior year net short-term capital loss deducted so
Net short-term capital gain before deducting
item 11 31 (item 10-1-11)
Net long-term capital gain 32
Net gain from sale of property other than capital assets 33
Other income
Total income
Deductions:
Partnership loss 25
Business loss
Net long-term capital loss 2? 32
Net loss from sale of property other than capital assets 33
Contributions 34 ^
Interest paid 35
Taxes paid 35 ■
Losses from fire, storm, etc. 36
Bad debts 36
Other deductions
Total deductions
Net income
For footnotes, see pp. 47-48.
"Salaries, wages, commissions, etc.," for the income year 1939
include, for the first time, compensation of State and local government
officials and employees and of judges of United States courts who
took office on or before June 6, 1932. (The compensation of those
who took office after June 6, 1932, is taxable under specific provisions
of the Revenue Act of 1932 and succeeding revenue acts.)
Taxable interest received on partially tax-exempt Government
obligations consists of interest received on United States savings
bonds and Treasury bonds, ow^ned in excess of $5,000, and on obliga-
tions of instrumentalities of the United States other than those issued
under the Federal Farm Loan Act, or such act as amended. There
is included each partner's or beneficiary's share of interest received
on such obligations owned by partnerships, estates, or trusts.
Profit or loss from partnership includes dividends received and
excludes (1) taxable interest on obligations of the United States and
(2) net gain or loss from the sale or exchange of capital assets. The
item "Charitable contributions" is not an allowable deduction in the
computation of partnership profit or loss. Each item which is
24 STATISTICS OF INCOME, PART 1
excluded from partnership profit or loss is reported under its appro-
priate classification.
Income from fiduciaries includes (1) dividends received and (2)
net gain or loss from the sale or exchange of capital assets and eicludfs
(1) taxable interest on obligations of the United States and (2) net
gain or loss from the sale or exchange of capital assets received from
"Common trust funds." Each item which is excluded from income
from fiduciaries is reported under its appropriate classification.
Income from rents and royalties represents a net profit after the
deduction of the amounts of depreciation, repairs, interest, taxes, and
other expenses which are deductible from the gross amount received
for the rent of property and the amount of depletion which is deduc-
tible from the gross amount of royalties received (see schedule C,
page 2, Form 1040, facsimile on page 321).
For statements regarding business profit and business loss, see sec-
tion of this report entitled "Returns, Form 1040, with Business (Sole
Proprietorship), by Industrial Groups," pages 48-49.
With reference to the amounts of net short-term capital gain and
net long-term capital gain and loss used in the computation of net
income, and to the amounts of "Prior year net short-term capital loss
deducted" and "Net short-term capital gain before deducting prior
year net short-term capital loss," attention is directed to the provi-
sions of the Revenue Act of 1938 and the Internal Revenue Code as
amended, as described in the section of this report entitled "Capital
Gains and Losses," pages 21-22.
In comparing the net short-term capital gain used in the computa-
tion of net income on returns for 1939 and 1938, it must be remem-
bered that the amount for 1939 is. after the deduction of the prior
year net short-term capital loss, whereas, for 1938, such a deduction
was not allowed. The amounts of net long-term capital gain and loss
for 1939 and 1938 are comparable.
Net gain or loss from sale of property other than capital assets
consists of net gain or loss from property used in trade or business of
a character which is subject to the allowance for depreciation, which
is excluded from capital assets.
A portion of the amount distributable to beneficiaries, tabulated for
fiduciary returns in basic tables 11 and 13, pages 218-223 and 228-231,
respectively, is reported on the individual returns of the beneficiaries
as income in the following items: "Income from fiduciaries," "Taxable
interest on partially tax-exempt Government obligations," "Net short-
term and long-term capital gain" (if distribution consists of net
capital gain from a "Common trust fund"), "Total income," and "Net
income." For explanation of method of reporting distributions to
beneficiaries, see section of this report entitled "Fiduciary Income
Tax Returns," pages 53-54.
Contributions to domestic charitable and scientific organizations,
etc., consist of those of each individual and each partner's share of
charitable contributions of partnerships paid during the taxable year.
The total of such contributions is limited, in general, to 15 percent of
the individual's net income before deducting the contributions Simi-
lar to other items of income and deductions, "Contributions" repre-
sents an amount prior to any revisions that may be made as a result
of audit by the Bureau of Internal Revenue. In tabulating these
STATISTICS OF INCOME, PART 1 25
data no adjustment is made for any contributions which may be
reported by the taxpayer in excess of the 15 percent legal deduction.
The deduction item ''Interest paid" does not include amounts re-
ported in schedule C (income from rents and royalties) and in schedule
for business deductions. Interest paid is reported as item 14, page 1,
Form 1040, in accordance with the following instructions:
Enter interest on personal indebtedness as distinguished from business indebted-
ness (which should be entered in schedules C and D). For limitations on deduc-
tions for unpaid expenses and interest, see section 24(c), Internal Revenue Code.
The deduction item "Taxes paid" excludes (1) taxes assessed against
local benefits, (2) Federal income taxes, (3) estate, inheritance,
legacy, succession, and gift taxes, (4) taxes imposed upon the tax-
payer's interest as shareholder of a corporation which are paid by
the corporation without reimbursement from the taxpayer, (5) income
taxes paid to foreign countries and United States possessions claimed
as a tax credit, and (6) taxes reported in schedule C (income from
rents and royalties) and in schedule for business deductions. Federal
social security taxes paid by or for an employee cannot be included in
"Taxes paid" by the employee. Taxes paid are reported as item 15,
page 1, Form 1040, in accordance. with the following instructions:
Enter taxes imposed on you and paid or accrued during the taxable year*
except taxes entered in schedules C and D. Do not include. taxes assessed against
local benefits, Federal income taxes or estate, inheritance, legacy, succession,
gift taxes, taxes imposed on your interest as shareholder of a corporation which
are paid by the corporation without reimbursement from you, nor income taxes
claimed as a credit in item 33. Social security taxes paid by or for an employee
are not deductible by the emploj^ee.
Two deduction items reported on individual returns, "Losses from
fire, storm, shipwreck, or other casualty, or from theft" (not com-
pensated for by insurance or otherwise) and "Bad debts" are shown
for 1939 for the first time. Both items were included in "Other
deductions" in former years. "Losses from fire, storm, etc.," and
"Bad debts" exclude amounts reported as business deductions.
The table on pages 26-30 shows, for a limited number of net income
classes, sources of income, deductions, and net income (and two
information items "Prior year net short-term capital loss deducted"
and "Net short-term capital gain before deducting prior" year net
short-term capital loss" used by the taxpayer in the computation of
"Net short-term capital gain"). Distributions by States and Terri-
tories and by more detailed net income classes are shown in basic
tables 6 and 7-A, respectively, pages 1 15-121 and 131-139. The follow-
ing table and basic table 7-A 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 for each specific source of income and
deductions and for the information item "Prior year net short-term
capital loss deducted." However, the number of returns is not avail-
able for the inforniation item "Net short-term capital gain before de-
ducting prior year net short-term capital loss," since this amount is
tabulated by adding the "Net short-term capital gain reported for the
computation of net income" to the "Prior year net short-term capital
loss deducted."
For returns with net income under $5,000, the number of returns
on which specific sources of income and deductions are reported is
available only for " Salaries, wages, commissions, etc.," and "Dividends
26
STATISTICS OF INCOME^ PART 1
from domestic and foreign corporations." For 1938, such data were
not published. Statistics of Income for 1937, Part 1 (text table on
pages 13-15 and basic table 7, pages 133-137), is the only volume
containing, for returns with net income under $5,000 classified by-
size of net income, the number of returns on which each specific
source of income and each deduction item is reported. If a compari-
son is made for 1939 and 1937 of the number of returns with net income
under $5,000 showing "Salaries, wages, commissions, etc.," and "Divi-
dends from domestic and foreign corporations," it must be borne in
mind that for 1939 there is excluded from the following text table
and from basic table 7-A information for taxable fiduciary returns
with net income, Form 1041, and taxable and nontaxable returns for
estates and trusts incorrectly filed on Form 1 040 instead of on Form
1041, whereas, for 1937, information for such returns is included in the
text table on pages 13-15 and in basic table 7, pages 133-137, Sta-
tistics of Income for 1937, Part 1.
The table on pages 31-32 shows, for a limited number of net income
classes, the percentage distribution of sources of income, deductions,
and net income.
Individual returns with net income {excluding fiduciary returns) , by net income classes,
also aggregate for individual returns with no net income (excluding fiduciary re-
turns), 1939: total number of returns, number of returns ^'^ and amount for each
specific source of income and deductions, and net income
(For text defining certain items and describing methods of tabulating and estimating data, see pp. 2-6, 12-13,
and 21-25)
[Net income classes and money figures in thousands of dollars]
Total
number
of
returns
(3)
Sources of income
Salaries,
wages,
commissions,
etc.
Dividends from
domestic and
foreign
corporations 23
Taxable interest
Net income classes
Bank deposits,
notes, mortgages,
corporation
bonds 2«
(1)
Number
of
returns
(3)
Amount
(4)
Number
of
returns
(5)
Amount
(6)
Number
of
returns 3'
(7)
Amount
(8)
Returns with net income:
Under 5 (estimated)...
6, 887, 17^
479,311
161, 208
30, 954
8,910
1,531
886
195
102
44
5, 815. 440
324, 564
101,645
19, 507
5,716
1,007
567
111
65
27
12, 726, 898
1, 921, 930
1,124,210
393, 886
180, 046
48, 681
33, 671
6,943
2,918
1,739
1,472,412
255, 589
116,786
26, 744
8.212
1,453
858
186
97
42
647, 659
357, 823
493, 143
351, 789
269, 861
96, 034
107, 694
50, 952
52.317
53,286
39 418, 720
199, 612
88, 822
21, 132
6,779
1,286
740
168
94
40
132, 489
10 under 25
121,064
25 under 50
50, 825
50 under 100 ...
22. 304
100 under 150
5, 950
150 under 300
4,573
300 under 500
1,552
500 under 1,000
1,000 and over
1,834
1,451
Total
7, 570, 320
82, 461
6, 268, 649
17, 295
16, 440, 923
49, 677
1, 882, 379
26, 619
2,480,557
63, 093
38 318, 673
23, 003
760, 762
Returns with no net in-
Come '
22, 148
Grand total, indi-
vidual returns
7, 652, 781
6. 285, 944
16, 490, 599
1, 908, 998
2, 543, 650
3' 341, 676
782, 909
For footnotes, see pp. 47-48.
STATISTICS OF INCOME, PART 1
27
Individual returns with net income (excluding fiduciary returns), by net income classes,
also aggregate for individual returns with no net income {excluding fiduciary re-
turns), 1939: total number of returns, number of returns^'' and amount for* each
specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Sources of income — Continued
Taxable interest-
Continued
Partnership profit 25
Income from
fiduciaries ^s
Net income classes
Partially tax-exempt
Government
obligations ■"
(1)
Number
of
returns ^s
(9)
Amount
(10)
Number
of
returns 3s
(11)
Amount
(13)
Number
of
returns 38
(13)
Amount
(14)
Eeturns with net income:
Under 5 (estimated). .-
(40)
13, 779
17, 264
9,138
3,989
1,299
1,016
310
87
26
384, 524
313, 759
303, 896
135, 683
71,522
16, 124
10, 597
2,964
125
1,169
115,627
114,729
26, 200
19, 122
6,016
2,096
426
218
53
26
7
62, 893
29, 438
6,374
1,854
265
113
30
12
2
35,611
22, 277
6,723
2,423
502
369
89
49
28
10 under 25
161, 353
25 lander 50
107, 123
50 under 100 . ....
73, 308
100 under 150 ...
28, 653
150 under 300 ..-
40, 020
300 under 500
17, 578
500 under 1,000
16, 959
l.OOOandover
24, Oil
Total
38 54, 164
2,338
46, 908
1,698
3S 100, 981
3,734
1, 240, 363
10, 385
38 68, 071
4,007
699, 359
Eieturns with no net income '._
12, 985
Grand total, individual
returns
38 56, 502
48, 607
3« 104, 715
1, 250, 748
38 72,078
712, 344
Sources of income— Continued
Rents and royalties
Business profit
Capital gain 2?
Short term 28
Net income classes
Net short-term capi-
tal gain included in
col. 30 29
(1)
Number
of •
returns 38
(15)
Amount
(16)
Number
of
returns 38
(17)
Amount
(18)
Number
of
returns 38
(19)
Amount
(col.
23-22)
(30)
Returns with net incomes:
463, 548
139, 934
98, 275
40, 487
16, 798
4,438
3,638
498
1,177
108
1, 623, 214
589, 904
335, 623
93, 494
34, 101
6,667
3,471
904
1,245
46, 557
109, 648
41, 474
8,882
2,606
457
273
62
31
16
105, 644
29, 780
3,970
845
98
33
7
4
39, 833
24, 048
6,533
2,026
381
207
47
23
14
34, 037
10 under 25
35, 739
25 under 50
16, 388
50 under 100 .-. _ .. - .
7,683
100 under 150
1,830
150under300 _
1,160
300 under 500
442
SOOunder 1,000 .
217
1,000 and over
99
Total
Returns with no net income '. - .
38 163, 449
23, 475
768, 901
34, 218
38 140, 381
7,046
2, 688, 624
13, 693
38 73, 112
4,776
144, 151
6,152
Grand total, individual
returns .
38 186, 924
803, 119
38 147, 427
2, 702, 317
38 77, 888
150, 302
For footnotes, see pp. 47-48.
437826—42 3
28
STATISTICS OF INCOME, PART 1
Individual returns with net income {excluding fiduciary returns), by net income classes ,
also aggregate for individual returns with no net income {excluding fiducianj re-
tttrns), 1939: total number of returns, number of returns^'' and amount for each
specific source of income and deductions, and net income — Continued
[Net income classes and money flgxires in thousands of dollars]
Net income classes
(1)
Returns with net income:
Under 5 (estimated)...
5 under 10
10 under 25
25 under 50
50 under 100
100 under 150
150 under 300
300 under 500
600 under 1,000
1,000 and over
Total
Returns with no net income '.
Grand total, individual returns.
Sources of income — Continued
Capital gain " — Continued
Short-term 28— Continued
Prior year net short-terra
capital loss deducted 3°
Number of
returns 3s
(31)
4,007
3,731
1,462
566
148
85
14
12
4
38 10, 029
292
38 10, 321
Amount
(33)
3,161
4,076
6,420
3,653
1,972
497
278
129
66
36
20, 288
371
20, 658
Net short-
term capital
gain before
deducting
col. 22 31
(col. 20-f 22)
(33)
49, 718
38, 112
42, 159
■20, 040
9,655
2,328
1,438
572
283
135
164, 438
6,522
170, 960
Net long-term capital
gain 32
Number of
returns 38
(34)
38, 232
23, 892
6,945
2,478
521
343
86
53
24
38 72, 574
2,920
38 75, 494
Amount
(33)
34, 87&
28, 130
34, 985
23, 377
17, 836
8,618
9,171
7,668
6,798
14, 594
186, 053
6,301
192, 354
Sources of income— Continued
Net income classes
Net gain from sale of
property other than
capital assets 33
Other income
Total
(1)
Number of
returns 3s
(36)
Amount
(37)
Number of
returns 38
(38)
Amount
(39)
(30)
Returns with net income:
14, 481
6,751
4,252
1,282
417
82
9
48
(")
258, 544
30, 066
24,408
10, 976
5,172
1,113
1,294
173
199
280
16, 734, 649
5,916
2,545
517
137
21
15
4
1
40, 391
19, 766
5,654
1,924
343
247
55
33
16
3, 683, 330
10 under 25
2, 754, 21 1
25 under 50
1,234,447
50 under 100.
703, 037
100 under 150
219,491
150 under 300
216, 313
300 under 500
90,031
500 under 1,000..
83, 874
1,000 and over
96, 763
Total
38 9, 156
1,232
27, 322
1,607
33 68, 429
7,437
332, 225
6,733
25, 816, 147
Returns with no net income ' .
228, 690
Grand total, individual returns
38 10, 388
28, 929
33 75, 866
338, 958
26, 044, 836
For footnotes, see pp. 47-48.
STATISTICS OF INCOME^ PART 1
29
Individual returns xoith net income {excluding fiduciary returns), hy net income classes,
also aggregate for individual returns with no net income (excluding fiduciary re-
turns), 1939: total number of returns, number of returns " and amount for each
specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Deductions
Net income classes
Partnership loss "
Business loss
Net long-term capital
loss " 32
(1)
Number of
returns ^s
(31)
Amount
(33)
Number of
returns 38
(33)
Amount
(34)
Number of
returns 3*
(35)
Amount
(36)
Returns with net income:
12,092
4,540
4,373
2,586
1,424
404
814
1,182
20
372
50, 905
14, 174
13,815
8,693
5,091
1,703
2,418
733
2,455
384
119,808
61,799
4,598
2,694
899
333
60
53
13
6
3
9,440
5,118
1,663
669
152
135
15
25
10
47, 674
30, 793
9,037
3,046
554
344
70
36
15
10 under 25 .
66,585
35, 496
16,370-
4, 114
25 under 50 .
50 under 100 ..
100 under 150 -
150 under 300 ...
3,544
1,021
300 under 500
500 under 1 ,000
716
1 ,000 and over
820
Total
38 8, 659
4,852
27,807
28,396
38 17, 227
46, 536
100, 371
122, 076
38 91,569
17, 668
310, 273
151, 049
Returns with no net income '._.
Grand total, individual
88 13, 511
56, 202
39 63, 763
222,447
38 109, 237
461 322
Deductions— Continued
Net income classes
Net loss from sale of
property other than
capital assets ^3
Contributions 3<
Interest paid 35
(1)
Number of
returns 3S
(37)
Amount
(38)
Number of
returns 38
(39)
Amount
(40)
Number of
returns 38
(41)
Amount \
(43)
Returns with net income:
15, 109
4,665
3,888
1,405
931
109
236
34
46
312
284, 787
69,593
54, 607
29, 210
21,294
8,830
9,957
5,060
5,158
6,294
322, 697
5,542
2,640
679
238
41
25
6
6
7
399, 606
140, 156
27,999
8,290
1,464
848
188
97
44
252, 108
88, 944
18, 122
5,718
1,049
613
139
81
32
101,798
10under25
m, 292
25 under 60
25, 036
50 under 100 - .
12, 606
100 under 150 .. ,-
4,184
150 under 300
3,739
300 under 50O,..
500 under 1,000 ..
1.128
759
1,000 and over
1,202
Total
Returns with no net income '.-.
Grand total, individual
returns . . . _
38 9,184
4,295
26, 795
27, 755
38 578, 692
24,288
494, 789
4,112
38 366, 806
24,841
539, 440
33,804
38 13,479
54,550
38 602,980
498,902
38 391, 647
573,244
For footnotes, see pp. 47-48.
30
STATISTICS OF INCOME^ PART 1
Individual returns with net income {excluding fiduciary returns), by net income classes,
also aggregate for individual returns with no net income (excluding fiduciary re-
turns), 1939: total number of returns, number of returns ^^ and amount for each
specific source of income and deductions, and net income- — Continued
[Net income classes and money figures in thousands of dollars]
Deductions— Continued
Net income classes
Taxes paid ^s
Losses from fire, storm,
etc.36
Bad debts 3«
(1)
Number of
returns ^s
(43)
Amount
(44)
Number of
returns 38
(45)
Amount
(46)
Number of
returns 38
(47)
Amount
(48)
Returns with net income:
478, 763
140, 645
117,315
56, 754
33, 045
10, 896
10, 852
3,965
4,302
4,273
9,840
3,978
2,797
982
483
231
136
46
112
31
30, 507
6 under 10 . . -
418, 471
147, 942
29, 340
8,592
1,502
874
194
102
44
13, 094
4,892
1,163
406
100
53
12
16
5
23, 593
11,501
3, 290
1,254
266
162
42
34
15
15, 676
10 under 25 .
14,914
25 under 50
8,817
sounder 100
5, 191
100 under 150
1,753
150 under 300 _. -.
2,629
300undcr500
743
500 under 1,000
706
],000andovor
951
Total.
38 607, 061
36, 920
860, 809
34, 196
38 19, 741
1,546
18, 635
7,593
38 40, 157
4,336
81, 887
Returns with no net income '...
45, 107
Grand total, individual
returns
38 643, 981
895, 006
38 21, 287
26, 228
38 44, 493
126, 995
Deductions— Continued
Net income classes
Other deductions
Total de-
ductions
(51)
Net income
(1)
Number of
returns 3*
(49)
Amount
(50)
(53)
Returns with net income:
Under 5 (estimated) --
258, 848
62, 851
46, 319
21, 058
13, 457
4,077
4.174
1,394
2,023
2,220
1, 583, 356
479, 717
390, 906
190, 039
109, 892
36, 360
38, 498
15, 307
16, 296
16, 860
15, 151, 294
5 under 10 .
119,036
50, 969
13,030
4,658
930
586
149
86
37
3, 203, 614
10 under 25
2, 363, 305
25 under 50
1, 044, 408
50 under 100 . . ...
593, 145
100underl50
183, 131
150 under 300
177, 816
300 under 500..
74, 724
500 under 1,000
67, 578
1,000 and over . . . ..
79, 903
Total
38 189, 481
20, 838
416, 421
58, 927
2, 877, 229
513, 016
22, 938, 918
Returns with no net income ' . . ..
9 284, 327
Grand total , individual returns
38 210, 319
475, 349
3, 390, 245
i« 22, 654, 592
For footnotes, see pp. 47-48.
STATISTICS OF INCOME, PART 1
31
Individual returns with net income (excluding fiduciary/ returns), by net income
classes, also aggregate for individual returns with no net income {excluding fiduciary
returns), 1939: percentage distribution of sources of income, deductions, and^net
income
(For text defining certain items and describing methods of tabulating and estimating data,
see pp. 2-6, 12-13 and 21-25)
Sources of income
Salaries,
wages,
commis-
sions, etc.
(2)
Dividends
from
domestic
and foreign
corpora-
tions 23
(3)
Taxable interest
Partner-
ship
profit 25
(6)
Net income cla.sses
(Thousands of dollars)
(1)
Bank
deposits,
notes,
mortgages,
corporation
bonds 24
(4)
Partially
tax-exempt
Govern-
ment obli-
gations 20
(5)
Income
from
fiduciaries 2«
(7)
Returns with net income:
Under 5 (estimated)
5 under 10
76.05
52.18
40.82
31.91
25.61
22.18
15.57
7.71
3.48
1.80
3.87
9.71
17.91
28.50
38.38
43.75
49.79
56.59
62.37
55.07
39 2. 50
3.60
4.40
4.12
3.17
2.71
2.11
1.73
2.19
1.50
(40)
0.37
.63
.74
.57
.59
.47
.34
.10
.03
2.30
8.52
11.03
10.99
10.17
7.35
4.90
3.29
.15
1.21
0.69
3.12
10 under 25 --
5.86
25 imder 50
8.68
sounder 100
100 under 150
10.43
13.05
150 under 300
18.50
300 under 500
19.53
500 under 1,000
20.22'
1,000 and over
24.81
Total -.
63.68
21.72
9.61
27.59
2.95
9.69
.18
.74
4.80
4.54
2.71
Returns with no net income '.
5. 68
Grand total, individual
63.32
9.77
3.00
.19
4.80
2.74"
Sources of income— Continued
Rents
and
royalties
(8)
Business
profit
(9)
Capital gain 2?
Net income classes
Short-term 28
Net long-
term
capital
gain 32
(13)
Net gain
from sale
of prop-
erty other
than
capital
assets 33
(14)
(Thousands of dollars)
(1)
Net short-
term capital
gain in-
cluded in
col. 16 29
(col. 12-11)
(10)
Prior year
net short-
term capital
loss
deducted 30
(11)
Net short-
term capital
gain before
deducting
col. 11 31
(col. 10+11)
(12)
Returns with net income:
Under 5 (estimated)..
5 under 10
2.77
3.80
3.57
3.28
2.39
2.02
1.68
.55
1.40
.11
9.70
16. 02
12.18
7.57
4.85
3.04
1.60
1.01
1.48
0.28
.92
1.30
1.33
1.09
.83
.54
.49
.26
.10
0.02
.11
.23
.29
.28
.23
.13
.14
.08
.04
0.30
1.03
1.53
1.62
1.37
1.06
.67
.63
.34
.14
0.21
.76
1.27
1.89
2.54
3.93
4.24
8.52
8.11
15.08
0.09
.18
10 imder 25
.15
25imder50 .-.
.10
50 under 100
.06
100 under 150
.04
150 under 300
(15)
300 under 500
.05
SOOmider 1,000
(15)
Total
2.98
14.96
10.41
5.99
.56
2.69
.08
.16
.64
2.85
.72
2.76
.11
Returns with no net in-
.70
Grand total, indi-
vidual returns
3.08
10.37
.58
.08
.66
.74
.11
For footnotes, see pp. 47-48.
32
STATISTICS OF INCOME, PART 1
Individual returns with net income (excluding fiduciary returns), by net income
classes, also aggregate for individual returns with no net income (excluding fiduciary
returns), 1939: 'percentage distribution of sources of income, deductions, and net
income — Continued
Sources of income —
Continued
Deductions
Net income classes
(Thousands of dollars)
(1)
Other
income
(15
Total
income
(16)
Partner-
ship
loss "«
(17)
Business
loss
(18)
Net long-
term
capital
loss 2' 32
(19)
Net loss
from sale of
property
other than
capital
assets 33
(30)
Contri-
butions 3*
(31)
Returns with net income:
Under 5 (estimated)
5 and under 10
1.54
.82
.88
.89
.74
.51
.60
.19
.24
.29
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
0.07
.12
.16
.21
.20
.18
.38
1.31
.02
.38
0.30
.38
.50
.70
.72
.78
1.12
.81
2.93
.40
0.72
1.68
2.42
2.87
2.33
1.87
1.64
1.14
.85
.85
0.09
.13
.14
.11
.13
.08
.11
.04
.06
.32
1.70
1.89
10 under 25
1.98
25 under 50
2.37
50 under 100
3.03
100 under 150
4.02
150 under 300
4.60
300 under 500
5.62
500 under 1,000---
6.15
1,000 and over
6.51
Total
Returns with no net income '-
1.29
2.94
100. 00
100. 00
.11
12.42
.39
53.38
1.20
66.05
.10
12.14
1.92
1.80
Grand total, individual
returns-
1.30
100.00
.22
.85
1.77
.21
1.91
Deductions-
-Continued
Net income classes
(Thousands of dollars)
(1)
Interest
paid 3«
(33)
Taxes
paid 35
(23)
Losses
from
fire,
storm,
etc.38
(34)
Bad
debts 39
(35)
Other
deduc-
tions
(36)
Total
deduc-
tions
(37)
Net in-
come
(38)
Returns with net income:
Under 5 (estimated)
5 under 10
1.93
2.76
2.41
2.03
1.79
1.91
1.73
1.25
.91
1.24
2.86
3.82
4.26
4.60
4.70
4.96
5.02
4.40
5.13
4.42
0.06
.11
.10
.08
.07
.11
.06
.05
.13
.03
0.18
.42
.54
.71
.74
.80
1.21
.83
.84
.98
1.55
1.71
1.68
1.71
1.92
1.86
1.93
1.55
2.41
2.29
9.46
13.02
14.19
15.39
15.63
16.57
17.80
17.00
19.43
17.42
90.54
86.98
in under 25
85.81
25 under 50
84.61
50 under 100
84.37
100 under 150
83.43
150 under 300
82.20
300 under 500
83.00
500 under 1,000
80.57
1,000 and over.--
82.58
Total .
2.09
14.78
3.34
14.95
.07
3.32
.32
19.72
1.61
25.77
11.15
224. 33
88.85
Returns with no net income '--
(12)
Grand total, individual
2.20
3.44
.10
.49
1.83
13.02
"86.98
For footnotes, see pp. 47-48.
STATISTICS OF INCOME^ PART 1
33
J liEQUENCY DISTRIBUTION OF SELECTED SOURCES OF INCOME AND LOSS BY NET
INCOME CLASSES AND BY SIZE OF EACH SOURCE OF INCOME AND LOSS
For individual 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.
Net short-term capital gain, net long-term capital gain, and net
long-term capital loss are amounts used in the computation of net
income and are reported as items 10 (a) and (b), page 1, Form 1040,
facsimile on page 320. Net short-term capital loss, which is not
reported as an item of loss in the computation of net income for 1939,
is not included in this table.
In comparing the net short-term capital gain used in the compu-
tation of net income on returns for 1939 and 1938, it must be remem-
bered that the amount for 1939 is after the deduction of the prior
year net short-term capital loss, whereas, for 1938, such a deduction
was not allowed (see section of this report entitled "Capital Gains
and Losses." pages 21-22). The amounts of net long-term capital
gain and loss for 1939 and 1938 are comparable.
Individval returns with net income of $6,000 and over {excluding fiduciary returns),
1939, by net income classes and by size of selected sources of income and loss:
nnmber of returns
(For text defining certain items and describing method of tabulating data, see pp. 6 and 23-24)
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 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
asun-
der 1
1 under
2
5 under 6
135, 291
80, 362
50, 158
33, 677
25, 076
63, 489
25, 161
12, 995
7,387
8,068
4, 052
2,283
1,450
931
598
454
1,007
334
155
78
71
40
47
18
27
1,215
854
527
412
356
921
450
256
151
171
86
46
31
13
6
8
13
7
3
3
3
1
4
1
1,029
658
465
343
239
768
336
194
113
132
47
40
28
8
12
4
16
8
706
557
316
227
209
581
235
128
75
85
38
40
15
12
8
6
13
4
636
410
317
199
168
414
185
104
52
66
42
13
11
8
8
4
14
1
1
1
1
2
524
309
245
163
131
298
155
54
51
41
20
15
5
6
3
5
6
1
2,590
1,616
995
7S2
497
1,404
606
316
150
181
111
49
43
, 24
18
10
31
8
2
1
2
2
3
1
1
5,242
6 under 7
3,233
7 under 8
1,934
8under9- -
1,234
9underl0. ..
882
10 under 15
2,235
15 under 20
854
20 under 25
409
25 under 30
221
30 under 40
263
40 under 50
158
50 under 60
75
€0under70_
56
70 under 80 . - _
31
80under90
21
90 under 100
100 under 150
150 under 200
12
30
23
4
250 under 300
5
1
2
1
2
2
1
1
750 under 1,000
1
1
1
1
2
Total
453, 209
5,538
4,447
3,259
2,657
2,034
9,423
16, 925
34
STATISTICS OF INCOME^ PART 1
Individual returns with net income of $5,000 and over (excluding fiduciary returns'),
1939, 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 arid wage classes— Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20
20 under
25
25 under
30
5 under 6 .
5,735
3,184
1,868
1,151
812
1,907
759
332
174
146
81
70
29
21
13
6
21
11
3
1
2
1
2
8,118
3,896
2,005
1,266
892
1,989
712
314
191
187
80
46
35
19
11
10
16
6
4
1
14, 822
5,046
2,277
1,266
820
1,759
591
259
160
143
55
30
15
18
8
6
9
4
4
2
94, 053
59, 675
37, 635
23, 074
11,714
13, 487
3,324
1,407
745
761
363
172
104
68
52
33
80
17
8
5
5
2
6
2
1
506
784
1,419
3,368
8,125
32, 281
5,221
1,763
811
797
327
192
114
63
34
28
44
20
12
2
2
4
2
73
90
109
155
165
4,915
9,233
2,339
953
878
309
174
107
53
39
26
56
21
8
3
4
2
4
21
30
26
35
34
365
2.182
3,719
1,182
819
370
170
110
43
29
23
63
14
8
6
6
3
2
2
2
9
6 under 7 . .
12
7under8-.
11
8 under 9
15
9 under 10
17
lOunder 15
84
15 under 20
231
20 under 25
1,197
25 under 30
1,579
30 under 40
985
40under50
44
50 under 60
179
60 under 70
103
70under 80
67
80 under 90
28
90 under 100 . ...
33
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
41
17
5
9
3
400 under 500
500 under 750
1
1
1
2
760 under 1,000 ..
1
2
1
1,000 and over . .
2
2
Total
16, 329
19, 802
27, 295
246, 793
55, 921
19, 718
9,264
4,673
Salary and wage classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
7
8
6
3
9
61
68
175
726
1,997
951
286
173
103
71
45
96
23
10
4
6
1
4
1
3
3
1
1
6 under 7
7 under 8
1
2
3
13
8
17
34
352
668
204
116
94
48
40
68
17
8
2
3
3
1
1
2
2
2
9 under 10
2
2
3
1
5
8
11
13
55
291
457
306
170
90
57
129
43
23
9
8
7
7
3
1
15 under 20
20 under 25
1
2
2
4
4
1
4
11
31
175
73
33
9
12
4
4
2
5
25 under 30
4
7
7
21
48
106
88
67
86
14
14
7
8
3
2
1
1
30 under 40
40 under 50
60 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
1
2
5
4
3
2
1
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000.
1,000 and over
1
Total
4,837
1,708
1,698
491
378
19
STATISTICS OF INCOME, PART 1
35
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, by net income classes and by size of selected sources of income and loss:
number of returns — Continued
DIVIDENDS ^i
[Net income classes and dividend classes in thousands of dollars]
Net income classes
Dividend classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
o under 6
6 under 7
7 under 8.-
Sunder 9
9 under 10
10 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
sounder 60
60 under 70
70 under 80
80 under 90
90 under 100__-.
100 under 150-..
150 under 200...
200 under 250...
250 under 300..
300 under 400...
400 under 500...
500 under 750...
750 under 1,000.
1,000 and over..
92, 414
63, 330
43, 435
31, 672
24, 738
69, 464
30, 661
16, 661
9,968
11, 102
5,674
3,245
2.067
1,350
895
655
1,453
501
229
128
114
72
74
23
42
24, 978
14, 048
8,518
5,323
3,858
8,355
2,529
1,008
498
435
170
98
38
25
11
13
18
6
1
1
12, 226
7,574
4,620
3,084
2,224
5,090
1,641
696
316
259
101
55
28
15
8
4
13
2
1
7,779
5,015
3,233
2,281
1,526
3,870
1,257
527
275
220
104
42
20
10
8
5,738
3,737
2,486
1,734
1,243
2,952
1,017
426
189
194
75
42
21
16
6
8
12
1
1
4, 282
2,974
1,946
1,355
1,042
2,536
832
402
108
181
59
37
21
11
3
12, 898
9,080
6,286
4,475
3,390
8,787
3,171
3,152
630
616
266
140
62
45
30
10
31
6
4
2
1
1
Total... 409,967
69, 933
37, 957
19, 899
15, 860
53, 083
Net income classes
5 under 6
6 under 7
7 under 8
8 under 9..
9 under 10
10 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
sounder 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150...
150 under 200...
200 under 250...
250 under 300...
300 under 400...
400 under 500...
500 under 750- -.
750 under 1,000.
1,000 and over. .
Total-
Dividend classes — Continued
2 under
3
4,925
4,074
3,051
2,377
1,935
5,920
2,478
970
665
625
259
131
67
51
■ 22
21
32
10
5
27, 622
3 under
4
2,937
2,613
1,905
1,612
1,359
4, 053
1,896
545
519
503
209
84
43
28
13
12
26
7
2
3
4 under
5
2,212
1,795
1,410
1,069
943
3,190
1,509
280
463
393
167
75
59
30
12
7
17
5
2
2
5 under
10
13, 641
3,550
3,833
3,769
3,331
2,838
9,088
4,991
2,840
1,716
1,697
688
322
184
113
63
37
81
26
8
5
2
1
1
39, 184
10 under
15
171
249
285
428
703
4,668
2,797
1,676
1,186
1,216
524
217
167
72
44
24
60
18
7
2
1
1
2
14, 519
15 under
20
43
59
59
78
101
902
1,990
1,283
768
1,003
462
223
100
65
44
34
56
10
6
2
4
2
7,294
20 under
25
20
22
22
30
31
202
497
1,014
647
827
425
210
105
55
42
19
51
15
2
1
2
4,241
For footnotes, see p. 47.
437826—42-
36
STATISTICS OF INCOME^ PART I
Individual returns with net income of $5,000 and over (excluding fiduciary returns) ,
1939, by net income classes and by size of selected sources of income and loss:
number of returns — Continued
DIVIDENDS 23— Continued
[Net income classes and dividend classes in thousands of dollars]
Dividend classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
S under 6
11
12
12
9
13
66
106
143
347
1.031
597
372
225
118
71
43
77
26
12
7
1
1
4
8
9
8
2
34
37
44
56
288
504
298
199
119
71
36
62
18
6
1
2
2
1
4
4
5
1
6
23
20
39
47
126
289
452
419
287
176
121
175
.50
12
3
4
3
2
3
1
6 under 7
7under8
8under9
2
1
9
10
8
11
23
34
48
85
147
155
134
211
23
18
9
2
2
1
1
Ounder 10
1
7
4
3
6
17
15
26
24
37
50
76
415
243
101
30
26
11
9
10 under 15
15 under 20
20 under 25
25 under 30
1
30 under 40
40 under 50
2
1
2
1
2
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
5
12
32
54
60
29
■16
4
8
150 under 200
200 under 250
250 under 300
1
1
16
37
10
3
300 under 400
400 under 500
500 under 750 .
750 under 1,000
"
1,000 and over. . .
1
1
3
21
Total...-
3,301
1,809
2,268
938
1,103
229
68
28
PARTNERSHIP PROFIT 2'
[Net income classes and partnership profit classes in thousands of dollars]
Partnership profit classes
Net income classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
Sunder 6
22, 076
15, 804
10, 737
8,103
6,173
17, 584
7,745
4,109
2,423
2,593
1,358
825
448
272
193
116
265
74
22
17
22
8
11
1
2
821
545
348
259
212
536
219
132
77
76
43
27
13
4
13
3
16
2
2
2
537
390
265
169
131
348
165
86
43
59
32
7
10
7
3
2
6
2
476
291
178
145
102
274
135
54
42
41
22
8
1
6
4
4
7
2
368
284
164
120
102
243
100
50
26
37
20
10
3
5
370
258
153
94
85
238
98
46
• 31
22
18
5
7
2
1,339
918
566
389
297
748
305
171
89
82
37
31
18
6
5
9
1,916
Sunder 7
7 under 8 .
1,204
765
8under9
566
9 under 10
357
10 under 15
988
15 under 20
362
20 under 25
208
25 under 30-
135
30 under 40
122
40 under 50
50 under 60
52
38
60 under 70
22
70 under 80
14
80 under 90-- .
5
90 under 100
1
1
7
100 under 150
150 under 200
2
6 14
3 5
200 under 250
1
1
1
2
250 under 300
1
1
2
300 under 400
1
1
2
1
400 under 500
1
500 under 750--
1
1
2
750 under 1,000
1,000 and over. . .
1
Total
100, 981
3,351
2,265
1,793
1,535
1,432
5,025
6,785
For footnotes, see p. 47.
STATISTICS OF INCOME^ PART 1
37
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, by net income classes and by size of selected sources of income and loss:
number of returns — ^Continued
PARTNERSHIP PROFIT 25_Continued
[Net income classes and partnership profit classes in thousands of dollars]
Partnership profit classes— Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20
20 under
25
25 under
30
5 under 6 .
1,634
978
617
419
338
763
276
125
87
65
51
23
9
3
10
2
2
4
2
1,683
1,003
528
335
239
567
200
102
49
65
27
15
6
6
7
4
4
1
2,163
1,103
597
382
279
572
192
94
55
52
18
17
7
8
2
3
8
10, 641
8,626
6,246
4,575
2,645
3,261
844
366
219
198
80
58
25
20
10
6
17
4
1
102
173
273
598
1,330
7,807
1,203
364
166
151
63
44
15
11
11
6
10
2
1
18
14
22
32
39
1,111
2,930
548
200
141
60
24
18
10
8
2
11
1
1
3
11
6
9
10
94
614
1,300
286
167
60
13
12
8
4
6
5
2
6 under 7 -
1
7 under 8
4
Sunder 9
5
9 under 10
3
10 under 15
25
15 under 20
71
20 under 25
380
25 under 30 . -
651
30 under 40
274
40 under 50
57
50 under 60 .
30
60 under 70
13
70 under 80
2
80 under 90
2
90 under 100
100 under 150
150 under 200
4
200 under 250 ....
250 under 300
300 under 400
1
2
i
1
1
3
3
400 under 500
500 under 750
1
1
1
1
2
1
750 under 1,000
1,000 and over
Total
5,409
4,841
5,555
37, 845
12, 335
5,191
2,613
1, 525
Partners
hip profit
classes— C(
)ntinued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
5 under 6
2
3
2
4
3
9
22
67
246
831
184
68
29
19
9
4
10
5
1
1
1
2
1
6 under 7 . . .. .
1
1
7 under 8
Sunder 9
1
9 under 10
1
10 under 15
15 under 20 ...
5
10
15
179
406
87
34
12
10
1
3
5
3
5
5
28
126
313
176
68
19
8
23
5
1
20 under 25
1
1
25 under 30
30 under 40
3
2
7
29
59
62
34
32
2
1
40 under 50
50 under 60
60 under 70
1
2
9
14
84
31
10
5
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
1
1
2
4
4
1
300 under 400
1
1
1
400 under 500
1
500 under 750 ..
750 under 1,000
1,000 and over
I
Total
1,519
773
785
235
158
9
1
1
For footnotes, see p. 47.
38
STATISTICS OF INCOME, PART 1
Individual returns with net income of $5,000 and over (excluding fiduciary returns),
1939, hy net income classes and by size of selected sources of income and loss:
number of returns- — Continued
PARTNERSHIP LOSS »
[Net income classes and partnership loss classes in thousands of dollars]
Partnership loss classes
Net income classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
Sunder 6_
6 under 7
1,548
1,105
793
655
497
1,461
757
476
327
383
189
121
85
49
38
40
60
27
16
10
7
6
6
334
251
150
128
93
245
98
74
40
48
22
9
9
6
2
2
2
1
242
147
87
79
58
167
81
48
34
26
18
12
2
3
4
5
1
3
148
96
81
68
29
126
60
40
13
24
15
7
3
1
2
2
128
98
53
46
33
98
57
22
23
23
12
4
4
3
4
1
1
91
62
38
50
27
72
48
20
9
20
6
5
2
2
1
2
4
283
194
159
127
112
254
126
76
58
67
30
12
11
1
1
5
8
4
2
1
1
161
126
7 under 8
125
8 under 9
9 under 10
87
67
10 under 15 _. .
233
15 under 20.. -
134
20 under 25
69
25 under 30
50
sounder 40
63
40 under 50
30
sounder 60
17
60 under 70.. _.
70 under 80
12
7
sounder 90
sounder 100
7
5
100 under 150
150 under 200
11
3
200 under 250 - .
1
1
250 under 300
2
1
300 under 400
1
1
1
400 under 500
1
2
500 under 750
2
750 under 1,000
1,000 and over .. _
3
1
T
Total
8,659
1,517
1,020
722
610
460
1,533
1,213
Partner-ship loss classes— Continued
JNet income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20 '
20 under
25
25 under
30
77
52
41
35
36
112
54
35
25
30
18
13
5
4
2
5
10
3
4
1
20
25
25
12
18
48
30
38
17
21
12
7
6
5
5
3
4
1
1
15
13
6
8
8
33
14
16
9
11
5
6
2
4
1
1
3
2
2
35
30
23
9
12
44
36
25
25
30
19
10
15
5
'3
3
6
5
1
5
5
2
2
1
13
8
7
10
7
4
5
5
4
3
3
4
1
1
2
1
3
1
2
6 under 7 .. .
1
1
1
1
7 under 8
1
1
8
4
1
7
6
2
3
1
1
4
1
1
1
10 under 15
2
5
2
4
1
15 under 20 - -..
1
20 under 25
25 under 30
sounder 40
2
40 under 50 _
1
60 under 70
70 under 80
1
1
100 under 150
250 under 300
300 under 400
1
1
1
400 under 500
1
500 under 750
1
2
750 under 1,000
1,000 and over
1
Total .
562
306
162
338
92
47
17
10
For footnotes, see p. 47.
STATISTICS OF INCOME^, PART 1
39
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, by net income classes and by size of selected sources of income and loss:
number of returns — Continued
PARTNERSHIP LOSS25_Continued
[Net income classes and partnership loss classes in thousands of dollars]
Partnership loss classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 ar I
over
Sunder 6 ._
6 under 7
1
7 under 8
Sunder 9
2
1
1
__
1
1
2
1
3
1
1
1
1
9 under 10
10 under 15
15 under 20
20 under 25
25 under 30
1
3
1
30 under 40
1
2
1
3
40 under 50
50 under 60
1
1
60 under 70
70 under 80
sounder 90
90 under 100
1
100 under 150
1
1
1
1
1
150 under 200
2
1
2
200 under 250
1
1
1
2.50 under 300
300 under 400
1
1
400 under 500-..
500 under 750
750 under 1,000
1,000 and over
1
Total
15
9
18
2
4
1
1
BUSINESS PROFIT «
[Net income classes and business profit classes in thousands of dollars]
Business profit classes
Net income classes
Aggre- Under
gate 0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un- 1 under
derl 2
5 under 6
42, 015
26, 962
16,971
11,383
8,313
19, 555
6,970
3,255
1,666
1,627
677
373
204
125
98
45
98
23
5
5
3
4
3
1
513
272
174
134
lOS
226
66
53
20
17
7
11
7
5
5
1
457
268
162
108
71
178
66
23
15
24
6
6
2
397
238
128
86
76
153
66
33
10
13
5
I
2
1
2
2
348
204
120
81
61
121
39
19
16
13
7
1
1
1
3
313
163
89
55
39
115
45
27
12
10
7
2
1
1
2
1
1
1,384
787
467
295
214
440
168
85
39
43
11
11
6
3
6
2,466
1 407
6 under 7 . _
7 under 8 .
772
8 under 9
472
Sunder 10
305
10 under 15
746
15 under 20-.- .
220
20 under 25
109
25 under 30 .- .
47
sounder 40
56
40 under 50-
25
50 under 60 .
17
60 under 70
70 under 80 - -
12
4
SO under 90 .-
4
90 under 100
100 under 150 ... -
2
1
5
2
1
1.50 under 200
.-
1
200 under 250
250 under 300 .-
1
.300 under 400 .-
400 under 500
1
1
1
500 under 750 -
7.50 under 1,000
1,000 and over
Total
140, 381
1,621
1,390
1,217
1,035
883
3,967
6,665
For footnotes, see pp. 47-48.
40
STATISTICS OF INCOME^ PART 1
Individual returns with net income of $5,000 and over (excluding fiduciary returns),
1939, 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]
Business profit classes— Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10 .
10 under
15
15 under
20
20 under
25
25 under
30
2,646
1,347
747
415
292
602
176
69
46
33
13
17
5
5
3,340
1,548
563
448
318
555
153
66
36
37
17
5
3
3
3
1
2
5,375
2,018
857
503
324
542
138
56
31
34
14
9
1
4
2
1
3
2
24, 609
18, 519
12, 540
8,123
4,641
4,174
788
267
128
101
32
16
8
7
145
165
315
618
1,816
10, 525
1,275
295
113
76
27
9
4
4
3
1
8
14
16
22
32
33
1,066
3,208
549
145
94
23
12
12
1
2
1
6
7
10
8
10
75
491
1,342
282
113
22
13
1
5
2
1
2
2
6 under 7
2
2
8 under 9
3
OunderlO-.^ --
10 under 15 -
1
18
15 under 20
40
20 under 25
198
25 under 30
572
30 under 40
179
40 under 50
36
50 under 60 -
10
60 under 70 .- _- ..
6
70 under 80 .- --
4
80 under 90
4
90 under 100
4
3
1
4
1
150 under 200
2
200 under 250
250 under 300
1
300 under 400 -
400 under 500
1
1
750 under 1 000
Total
6,421
7,098
9,914
73, 967
15, 399
5,232
2,390
1,078
Business profit classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
1
2
2
2
13
19
49
145
681
124
40
12
5
5
2
4
1
9 under 10
1
3
8
10
3
91
249
43
15
2
7
2
1
1
1
3
4
5
6
8
47
146
98
43
8
3
11
10 under 15
25 under 30
30 under 40
3
4
3
8
24
33
19
13
i
1
50 under 60
70 under 80
1
1
5
36
13
2
2
80 under 90
100 under 150
150 under 200
1
1
250 under 300
1
1
1
1
300 under 400
1
1
400 under 500
750 under 1,000
1
1,000 and over - .
Total
1,106
437
385
109
62
4
1
For footnotes, see p. 48.
STATISTICS OF INCOME^ PART 1
41
Individual returns with net income of $5,000 and over (excluding fiduciary returns),
1939, by net income classes and by size of selected sources of income and loss:
tiumber 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 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
5 under 6 _ -
3,320
2,353
1,619
1,182
966
2,853
1,463
802
504
703
456
255
163
120
77
54
152
72
43
20
6
9
18
10
398
211
117
104
72
162
68
36
25
18
14
7
3
362
210
126
79
82
160
56
34
15
28
9
7
2
3
271
190
120
85
81
162
65
32
12
25
13
1
4
3
1
2
8
3
217
178
105
65
48
160
63
36
10
21
14
4
2
2
1
1
2
1
212
138
95
55
48
129
58
29
16
21
8
4
3
3
1
696
483
322
242
172
486
261
110
65
71
37
26
14
10
6
2
8
2
1
1
621
6 under 7
459
332
8 under 9
254
9 under 10 --
197
10 under 15
588
15 under 20
301
20 under 25
152
25 under 30
87
30 under 40
131
40 under 50
78
50 under 60
33
60 under 70
25
70 under 80
10
SO under 90
3
11
^0 under 100
1
1
2
1
7
100 under ISO
3
1
150 under 200
1
200 under 250
250 under 300
1
1
300 under 400
400 under 5C0
1
500 under 750
1
750 under 1, 000
1 000 and over
Total
17, 227
1,239
1,179
1,080
931
824
3,015
3,286
Business loss classes— Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20
20 under
25
25 under
30
5 under 6 .
238
196
152
119
94
347
178
97
65
101
54
30
16
8
9
51
119
105
96
68
66
216
109
76
47
54
41
22
15
8
6
4
54
59
52
26
31
123
77
51
43
51
31
23
4
12
8
2
95
92
75
66
55
236
160
100
71
lo-
ss
61
39
32
10
14
38
18
8
3
1
2
3
1
• 1
24
23
16
9
12
42
38
22
18
31
36
19
16
15
9
9
12
10
5
2
1
5
3
7
6
3
23
12
14
9
14
13
7
6
4
3
__
3
2
1
1
2
2
6
2
2
3
3
3
4
2
9
13
6
1
4
3
2
2
6
_.
3
2
6 under 7 . . .
2
7 under 8
8 under 9
1
it under 10 -
6
15 under 20
20 under 25
6
3
25 under 30
2
30 under 40
5
40 under 50
5
50 under 60 . . . _
3
3
70 under 80
4
30 under 90
1
sounder 100_ .-
100 under 150
1
3
150 under 200
N
19
2
14
1
''50 under 300
3
1
1
1
400 under 500
SCO under 750
1
2
2
2
1,000 and over
1
1
2
Total ... -
1,778
1,056
667
1,373
372
150
76
55
For footnotes, see p. 48.
42
STATISTICS OF INCOME^ PART 1
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, 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 ioss classes in thousands of dollars]
Business loss classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
2
1
1
2
6
4
3
6
5
3
6
2
2
2
3
1
2
1
1
1
2
2
2
2
2
1
3
2
5
2
1
1
4
1
1
1
2
2
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
6
4
1
2
3
1
2
1
3
1
4
1
2
2
3
400 under 500
500 under 750
1
2
2
1
2
1
3
1
1
1
1,000 and over
1
1
3
Total
59
24
25
15
21
1
I
NET SHORT-TERM CAPITAL GAIN 27 28 2'
[Net income classes and net short-term capital gain classes in thousands of dollars]
Net short-term capital gain classes
Net income classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
12, 971
9,802
7,010
5,470
4,580
13, 693
6,521
3, 834
2,399
2,738
1,396
845
503
306
224
148
381
109
68
30
29
18
18
5
14
3,063
2,238
1,512
1,178
962
2,708
1,254
687
442
443
223
116
75
56
36
28
77
16
14
7
2
3
2
3
3
1,949
1,320
970
680
570
1,578
665
377
220
230
125
55
28
31
11
11
29
6
5
2
5
1,352
1,004
640
524
428
1,157
533
286
161
173
92
59
48
16
11
7
22
7
6
2
2
2
1,050
719
504
388
324
865
384
199
148
149
77
43
28
15
10
7
21
3
2
2
3
1
2
758
553
391
344
276
746
312
203
102
135
53
38
25
10
11
7
17
5
3
1
2
2.113
1,648
1,197
922
739
2,307
1,052
569
386
442
195
128
76
48
42
18
42
25
5
6
4
2
2
1, 456.
1,194
911
723
612
1,981
15 under 20 -
939
585
25 under 30
347
402-
40 under 50
193
50 under 60
133
71
70 under 80 --
38
80 under 90 - --
24
90 under 100
23
100 under 150---
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500 -
500 under 750
750 under 1,000
1,000 and over
55
9
8
3
2
3
2
2
1
1
1
1
1
2
Total-- --
73, 112
15, 148
8,868
6,535
4,945
3,993
11, 969
9,716
For footnotes, see pp. 47-48.
STATISTICS OF INCOME, PART 1
43
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, hij net income classes and by size of selected sources of income and loss:
number of returns — ^Continued
NET SHORT-TERM CAPITAL GAIN 2' 28 29_Contmued
[Net income classes and net short-term capital gain classes in thousands of dollars]
Net short-term capital gain classes
—Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20
20 under
25
25 under
30
5 under 6.
594
531
387
270
264
835
442
270
158
205
122
71
37
22
22
15
24
12
5
1
1
293
254
188
164
134
468
249
149
125
124
70
38
21
10
10
8
24
4
4
163
159
103
89
82
270
157
96
52
84
51
25
18
10
5
2
13
166
168
183
159
163
598
331
237
150
168
100
79
33
27
20
10
23
13
7
2
2
2
1
12
9
19
25
21
143
117
75
46
68
40
19
13
9
6
2
10
4
3
2
1
1
1
1
4
1
3
1
27
60
54
23
39
22
6
8
6
4
3
5
Bunder 7
1
2
1
1
1
17
27
18
38
11
9
6
7 under 8.. _
8 under 9
9 under 10
10 under 15
g
15 under 20 .
4
20 under 25 _
g
25 under 30 -_
g
30 under 40.. . - .
19
40 Tinder 50..
7
50 under 60
3
60 under 70
1
70 under 80-.
80 under 90
3
3
2
1
90 under 100
100 under 150
150 under 200.
1
200 under 250
1
1
3
1
1
250 under 300
300 under 400
1
400 under 500
2
1
1
500 under 750
1
1
2
1
750 under 1,000.. ...
1,000 and over
2
1
Total
4,291
2,340
1,381
2,643
646
269
147
63
Net short-term capital gain classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
1
1
1
8 under 9
9 under 10
1
1
3
11
8
10
10
6
4
4
1
1
5
1
1
10 under 15
15 under 20
2
20 under 25
25 under 30
2
7
3
8
5
3
2
1
1
6
4
3
3
3
6
1
30 under 40
1
40 under 50
1
2
2
1
50 under 60
1
70 under 80
80 under 90
1
90 under 100
100 under 150
..
3
2
2
2
150 under 200
200 under 250
1
1
300 under 400
1
1
1
400 under 500
1
1
1
750 under 1 000
1
Total
70
33
32
15
8
For footnotes, sec pp. 47
44
STATISTICS OF INCOME, PART 1
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, hy net income classes and by size of selected sources of income and loss:
number of returns — Continued
NET LONG-TERM CAPITAL GAIN 2? ^2
[Net income classes and net long-term capital gain classes in thousands of dollars]
Net long-term capital gain classes
Net income classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
12, 449
9,340
6,799
5, 319
4,325
13,391
6,592
3.909
2,519
2,895
1,531
943
606
430
287
212
521
193
98
52
54
32.
47
6
24
4,028
2,7r6
1,C60
1, 409
1, 1H2
3,169
1,416
749
445
484
213
146
82
45
32
26
60
27
6
9
2
4
6
1,815
1,4C9
. 1,004
779
641
1,756
719
4C6
243
230
119
64
40
36
16
13
25
16
3
3
1
1,431
948
617
464
314
1,210
552
274
200
223
81
46
47
17
10
7
18
7
1
3
1
2
1
883
629
458
347
293
855
388
252
117
147
67
36
34
16
4
8
23
1
3
1
1
643
476
351
f68
209
690
326
187
112
133
69
30
17
12
12
7
12
6
_.
1,694
1,391
973
801
6U
1,987
974
^64
.338
370
211
125
62
41
34
18
46
18
2
7
2
1
1,117
6 under 7 _ _ .
912
7 under 8
676
8 under 9
593
9 under 10 ..-
450
l,5a3
15 under 20
832
20 under 25
540
25 under SO-
336
SO under 40
430
40 under 50
198
sounder 60
139
60 under 70
70 under 80
78
59
80 under 90. .
■90 under 100
34
24
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
53
15
8
4
4
400 under 500
1
1
500 under 750
750 under 1,000
1,000 and over
1
1
Total
72, 574
18, 187
9,332
6,584
4, 563
3,562
10, 207
8,006
Net long-term capital gain classes-
—Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
IS
15 under
20
20 under
25
25 under
30
422
358
297
262
208
750
410
226
164
163
116
55
34
45
21
6
33
13
4
3
3
2
3
237
172
164
113
98
405
237
171
116
1.32
70
45
22
16
11
10
28
5
9
2
2
133
128
98
89
85
292
155
95
65
84
46
23
25
12
11
7
14
4
2
1
131
166
162
179
171
.593
362
234
188
217
125
91
59
30
27
23
38
22
10
6
2
3
6
S
10
4
19
11
149
156
101
84
97
77
40
34
29
16
17
37
9
2
2
1
2
1
6 under 7
4
4
1
1
14
51
62
58
72
36
18
15
15
14
14
24
4
3
2
1
7 under 8 -
8 under 9
1
9 under 10
10 under 15 ..
5
34
27
46
29
18
17
9
5
5
12
3
4
2
3
15 under 20
4
rounder 25
9
25 under SO
20
30 under 40
28
40 under 50
97
sounder 60
13
60 under 70
6
70 under 80
8
80 under 90
4
■90 under 100
100 under 150
150 under 200
•200 under 2.50
2.50 under 300
300 under 400
4
18
3
1
2
400 under 500
3
2
2
1
500 under 750
3
1
750 under 1,000
1
1
Total
3,598
2,069
1,370
2,846
910
418
228
150
For footnotes, see pp. 47-48.
STATIvSTICS OF INCOME, PART 1
45
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
19S9, by net income classes and by size of selected sources of income and loss:
number of returns — Continued
NET LONG-TERM CAPITAL GAIN » 32— Continued
[Net income classes and net long-term capital gain classes in thousands of dollars]
Net long-term capital gain classes— Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
5 under 6 .-
6 under 7_
7 under 8
1
S under 9 1
1
1
6
2
3
5
28
26
30
14
11
13
4
12
6
8
1
1
3
Sunder 10
-.-
10 under 15
2
1
1
..
16
16
6
10
4
11
1
3
3
2
1
15 under 20
20 under 25
1
1
5
5
5
12
22
10
13
19
11
3
1
3
25 under 30
sounder 40
40 under 50
rounder 60
3
1
rounder 70. ---
1
70 under 80.
80 under 90
2
1
13
5
3
1
1
24
17
13
4
12
1
5
sounder 100
100 under 150 --
1
160 under 200
200 under 250
250 under 300
2
8
6
12
1
3
300 under 400
1
1
1
400 under 500
500 under 750
1
1
2
1
2
1
1
750 under 1,000
1,000 and over
1
5
2
■T
Total .
176
93
116
32
84
33
3
7
NET LONG-TERM CAPITAL LOSS " 32
[Net income classes and net long-term capital loss classes in thousands of dollars]
Net long-term capital loss classes
Net income classes
Aggre-
gate
Under
0.1
0.1 un-
der 0.2
0.2 un-
der 0.3
0.3 un-
der 0.4
0.4 un-
der 0.5
0.5 un-
der 1
1 under
2
5 under 6
15, 182
11, 508
8,588
6,740
5,656
17, 248
8,596
4.949
3.240
3,717
2.080
1,202
767
484
337
256
554
214
80
50
41
29
23
13
15
2,845
1,963
1,376
995
860
2,331
1,027
541
328
394
195
104
78
50
24
24
48
13
9
2
3
1
1
1,943
1,398
999
754
579
1,552
718
335
236
216
115
64
43
24
18
15
25
12
3
1,461
1,119
771
595
447
1,330
570
312
171
211
107
44
32
18
6
13
17
12
1
2
2
2
2
1,147
831
598
462
373
1,090
464
246
150
136
72
48
21
16
9
7
19
6
5
1
931
703
497
353
313
865
393
240
124
147
63
35
28
10
10
7
12
6
4
2
2
2,699
2,040
1,559
1,170
974
3,036
1,403
787
450
520
285
173
105
65
44
30
• 47
17
8
1
4
4
1
1
2
2,140
1,675
1,302
8 under 9 -
1,069
9 under 10
892
10 under 15
2,797
15 under 20
1,517
20 under 25
822
25 under 30
549
30 under 40
589
40 under 50 - --
341
50 under 60
183
60 under 70
105
70 under 80
58
80 under 90 .. .-
62
SO under 100
31
100 under 150
150 under 200
200 under 250
83
25
8
6
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 and over
3
4
1
3
1
2
Total ---
91, 569
13,212
9,053
7,245
5,702
4,745
15, 425
14, 263
For footnotes, see pp. 47-48.
46
STATISTICS OF INCOME^ PART 1
Individual returns with net income of $5,000 and over {excluding fiduciary returns),
1939, by net income classes and. by size of selected sources of income and loss:
number of returns — Continued
NET LONG-TERM CAPITAL LOSS 2' 32_Continued
[Net income classes and net long-term capital loss classes in thousands of dollars]
Net long-term capital loss classes— Continued
Net income classes
2 under
3
3 under
4
4 under
5
5 under
10
10 under
15
15 under
20
20 under
25
25 under
30
5 under 6--
900
717
682
475
408
1,416
773
427
303
329
189
120
74
54
38
19
52
20
8
4
390
364
190
264
238
795
448
302
185
249
129
57
52
24
18
18
33
16
5
5
2
2
2
2
. 201
196
155
155
156
500
302
191
150
153
102
64
39
24
11
12
30
12
5
4
2
2
1
377
356
' 327
302
269
1,025
606
. 456
325
391
245
149
94
62
35
33
90
27
6
6
4
4
2
2
2
87
71
76
81
84
274
194
135
111-
164
97
60
52
32
25
19
27
16
8
5
4
1
2
1
1
24
38
24
30
24
97
81
66
58
78
52
33
18
16
14
9
22
8
2
3
3
2
1
9
15
10
11
17
49
48
32
39
51
33
18
9
11
5
4
15
6
3
3
1
2
9
7
7 under 8 _
8 under 9
5
8
9 under 10
27
15 under 20 --_
16
20 under 25
15
25 under 30-
16
30 under 40 --
32
40 under 50.--
14
50 under 60
8
60 under 70- -
S
70 under 80
8
80 under 90.-.
4
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
9
1
2
300 under 400 . .
3
400 under 500
4
1
500 under 750
750 under 1,000
3 1
1,000 and over
1
3
Total
7,014
3,790
2,467
5,195
1,627
703
397 205
Net long-term capital loss classes-
—Continued
Net income classes
30 under
40
40 under
50
50 under
75
75 under
100
100 un-
der 250
250 un-
der 500
500 un-
der 1,000
1,000 and
over
7
10
8
10
8
29
22
22
23
25
18
18
4
3
6
5
5
10
1
7
2
5
\
17
7
12
11
8
13
6
I
1
2
13
4
4
6
14
9
IS
4
1
1
3
9
5
3
6 under 7
7 under 8
1
1
1
3
2
2
3
5
\
..
1
1
4
8 under 9 . ... --
9 under 10
10 under 15
2
1
2
2
5
15 under 20
20 under 25 - - -
25 under 30
30 under 40
40 under 50
50 under 60..
60 under 70...
1
1
2
70 under 80
4
4
1
4
1
80 under 90
90 under 100
100 under 150
3
2
160 under 200
200 under 250 - .
1
250 under 300
1
1
2
2
1
3
1
300 under 400
1
2
1
400 under 500
i
4
500 under 750
2
1
750 under 1,000
1,000 and over. .
4
Total . . .
239
114
103
39
30
1
For footnotes, see pp. 47-48.
STATISTICS OF INCOME, PART 1
47
Footnotes for text tables on pages 8-46.
(Facsimiles of Forms 1040A, 1040, and 1041, to which references are made, appear on pages 316-333)
' This table contains data for (1) individual returns
with net income and with no net income and (2)
taxable fiduciary returns with net income. See
basic table 2, pages 82-90, for a more detailed tab-
ulation of the data by returns with no alternative
tax, and with alternative tax, and data for returns
with net income under $5,000, by net income classes.
2 For taxable fiduciary returns the net income used
for classification and tabulation is the net income
taxable to the fiduciary (item 17, page 1, Form 1041).
3 On fiduriary returns an estate is allowed the
personal exemption of $1,000 allowed a single person
and a trust is allowed, in lieu of the personal exemp-
tion, a credit of $100 against net income.
< Returns with no alternative tax consist of (1)
those with no net long-term capital gain or loss and
(2) those with net long-term capital gain or loss which
have no alternative tax.
- The alternative tax is imposed on returns with
net long-lorm capital gain if such alternative tax
is less than the sum of the normal tax and surtax
computed on net income including net long-term
capital gain. The alternative tax is imposed on
returns with net long-term capital loss if such alter-
native tax is greater than the sum of the normal tax
and surtax computed on net income after deducting
net long-term capital loss.
6 Nontaxable individual returns. Exemptions
from normal tax and surtax exceed net income. A
negligible number of nontaxable individual returns
in net income classes of $6,000 and over are not
tabulated separately.
' Includes individual returns with zero net income
(total income equals total deductions).
* An alternative tax is reported on 17 returns with
no net income and with net long-term capital loss.
On these returns the tax, computed on net income
before the deduction of net long-term capital loss
exceeds 30 percent of the net long-term capital loss.
« Deficit.
1" Net income less deficit.
" Not available.
12 In two tables on pages 8-9 and pages 14-15
average total tax not computed. In table on
pages 16-17 percentage not computed. In table
on pages 31-32 percent which deficit is of total
income not computed.
'3 See basic table 2-A, pages 92-100 for a more
detailed tabulation of the data by returns with
no alternative tax, and with alternative tax, and
data for returns with net income under $5,000, by
net income classes.
'< See basic table 3-A, pages 104-106, for distribution
of the data by more detailed net income classes.
'= Less than one-hundredth of 1 percent.
" Consists of normal tax, surtax, and alternative
tax liabilities. For returns with normal tax and
surtax (those with no alternative tax), see note 4.
For returns with alternative tax, see note 5.
1' See basic table 4, pages 107-109, for distribution
of data by States and Territories. See basic table
5, pages 110-114, for distribution of data by net income
classes.
i» An unequal number of separate returns of hus-
bands and wives results from (1) 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
description of sample, pages 12-13) and (2) certain
cases in which incomplete or inaccurate answers to
questions 4 and 5 on page 4, Form 1040 and on the
back of Form 1040A. make it impossible to identify
the returns as separate returns.
" See text, page 18.
20 Interest received 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 those issued under the Federal Farm Loan
Act, or such act as amended. In the table on page
19 this interest is shown for individual returns
with net income of $5,000 and over. In the table
on page 23 and in the two tables on pages 26-32 this
interest is shown for individual returns with net
income of $5,000 and over and with no net income.
21 Consists of $6,964,117,800 subject to the normal
tax liabilitv on returns with no alternative tax
liability and $786,961,275 which is the base for the
normal tax computation used in the determination
of the alternative tax on returns with alternative tax
liability.
22 This alternative tax, computed in accordance
with the provisions of sec. 117(c)(2) of the Internal
Revenue Code as amended, is reported as item 31 on
page 1 of Form 1040 and as items 14 and 16 in schedule
F on page 3 of Form 1040.
23 Excludes dividends received through partner
ships and fiduciaries and dividends received on share
accounts in Federal savings and loan associations.
2< Includes interest received on partially tax-exempt
Government obligations reported on returns with
net income under $5,000.
2- Partnership profit or loss includes dividends
received and excludes (1) taxable interest on obli-
gations of the United States and (2) net gain or
loss from the sale or exchange of capital assets.
The item "Charitable contributions" is not an
allowable deduction in the computation of partner-
ship profit or loss. Each item which is excluded
from partnership profit or loss is reported under
its appropriate classification.
26 Income from fiduciaries includes (1) dividends
received and (2) net gain or loss from the sale or
exchange of capital assets and ercludes (1) taxable
interest on obligations of the United States and (2)
net gain or loss from the sale or exchange of capital
assets received from "Common trust funds." Each
item which is excluded from income from fiduciaries
is reported under its appropriate classification.
2' The term "Capital assets" means property held
by the taxpayer (whether or not connccti^d with his
trade or business), but excludes (1) stock in trade or
other property which would properly be included in
inventory if on hand at the close of the taxable
year, (2)' property held primarily for sale to cus-
tomers in the ordinary course of trade or business,
and (3) property used in trade or business of a
character which is subject to the allowance for
depreciation. The tabulated amounts of "Net short-
term capital gain," "Net long-term capital gain"
and "Net long-term capital loss" include each
participant's share of net capital gain or loss to be
taken into account from partnerships and "Common
trust funds."
28 "Short-term" applies to capital assets held 18
months or less.
2' Reported for the computation of net income.
(On individual returns, Form 1010, item 10(a), page
1; on returns for estates and trusts, Form 1041, item
7(a), page 1.)
3" Consists of the amount of prior year net short-
term capital loss (not in excess of the net income
for the prior year) deducted from the current year
net short-term capital gain. The amount tabulated
appears on returns with and without net short-term
capital gain reported for the computation of net
income (item 10(a), page 1, Form 1040, and item
7(a), page 1, Form 1041"). For returns with net short-
term capital gain reported for the computation of
net income, the tabulated amount of prior year
(Footnotes continued on p. 48)
48
STATISTICS OF IXCOME, PART 1
RETURNS, FORM 1040, WITH BUSINESS (SOLE PROPRIETORSHIP), BY INDUSTRIAL
GROUPS
Data for returns, Form 1040, filed by individuals engaged in business
as sole proprietors are presented in basic tables 8 and 8-A, pages 140-175.
These two tables contain 1939 information reported in the business
schedule on all returns filed by sole proprietors. For 1938, few'er
items were tabulated from the business schedules for sole proprietors
and the information was available only for returns with net mcome
of $5,000 and over (see Statistics of Income for 1938, Part 1, pages
48-49 and 139-141).
Basic table 8 contains data for all returns filed by sole proprietors,
classified by industrial groups and by businesses with net profit and
with net loss. For the returns on wdiich the taxpayer reported in the
business schedule not fewer than the three following items, total
receipts, total deductions, and net profit or loss, there are tabulated
number of businesses, net profit or loss, total receipts, materials,
supplies, and merchandise purchased, net cost of goods sold, total
deductions, inventory at beginning and end of year, and labor and
salaries. For the returns with (1) the business schedule incompletely
filled in (those on which the taxpayer reported fewer than the three
following items, total receipts, total deductions, and net profit or loss)
or (2) no business schedule, there are tabulated number of businesses
and net profit or loss.
Footnotes for text tables on pages 8-^6— Continued
net sliort-term capital loss is equal to the entire
amount of such prior year loss reported on the income
tax returns (see column 2 of summary of schedule F,
Form 1040, and column 2 of summary of schedule E,
Form 1041). For returns without net short-term
capital o:ain reported for the computation of net
income, the tabulated amount of prior year net short-
term capital loss is less than the entire amount of
such prior year loss reported on the income tax
returns, because only a portion of the reported prior
year loss is deductible from the current year net
short-term capital gain.
31 Consists of current year net short-term capita'
gain f'efore deduction of prior year net short-term
capital loss. This amount would have been reported
for computation of net income if the prior year net
short-term capital loss had not been deducted.
32 "Long-term" applies to capital assets held over
18 months. "Net long-term capital gain" and
".Met long-term capital loss" include losses from
worthless stocks and bonds.
33 Consists of net gain or lo.ss from property used
in trade or business of a character which is subject
to the allowance for depreciation, which is excluded
from capital assets.
3< Includes each partner's share of charitable con-
tributions of partnerships (see note 25, p. 471.
" Excludes amounts reported in schedule C and
schedule for business deductions (see text, page 25).
36 For prior years, included in "Other deductions."
Excludes amounts reported in schedule for business
deductions. Losses from fire, storm, shipwreck, or
other casualty, or from theft, are those not com-
pensated for by insurance or otherwise.
3' For returns with net income under $5,000, the
number of returns on which specific sources of
income and deductions are reported is available
only for "Salaries, wages, commissions, etc.," and
"Dividends from domestic and foreign corporations."
For returns with net income of .$5,000 and over, the
number of returns is available for each specific source
of income and deductions and for the information
item "Prior-year net short-term capital loss de-
ducted." However, the number of returns is not
available for the information item "Net short-term
capital gain before deducting prior year net short-
term capital loss" since this amount is tabulated
by adding the "Net short-term capital gain reported
for the computation of net income" to the "Prior
year net short-term capital loss deducted "
3! The number of returns with net income under
$5,000, which is not available, is excluded from the
total in this column. For "Business profit" and
"Business loss" these figures represent the nuniber of
returns on which a net profit or a net loss was reported
for the computation of net income. Consequently,
for returns on which data for two or more businesses
are reported in the business schedule, the.se figures
do not reflect the number of businesses in which
sole proiirietors are engaged.
3s Includes interest received on partially tax-exempt
Government obligations.
<f Tabulated with "Taxable interest received on
bank deposits, notes, mortgages, corporation bonds."
<i Less than $500.
« Percent which net income less deficit is of total
income.
*' For "Business profit" and "Business loss" these
figures represent the number of returns on which
a net profit or a net loss was reported for the com-
putation of net income. Consequently, for returns
on which data for two or more businesses are reported
in the business schedule, these figures do not reflect
the number of businesses in which sole proprietors
are engaged.
STATISTICS OF INCOME^ PART 1 49
Basic table 8-A contains number of businesses, net profit or loss,
and total receipts for returns on which the taxpayer reported not
fewer than the three following items, total receipts, total deductions,
and net profit or loss. The data are classified by industrial groups,
by businesses with net profit and with net loss, and by total receipts
classes.
Each sole proprietorship is classified industrially according to its
predominant business activity. The classification for industrial
groups is similar to that used for 1938, except for the small number
of changes indicated in footnotes 45-51, page 241.
The number of businesses presented in basic tables 8 and 8-A is
secured as follows: If two or more businesses in different industrial
groups are reported on one return, each business is counted separately,
with the result that the tabulated number of businesses exceeds the
number of returns show^ing business profit or loss for the computation
of net income or deficit. However, if two or more businesses in the
same industrial group are reported on one return the financial data are
combined and counted as one business.
"Net profit" represents total receipts from business or profession
less cost of goods sold and other business deductions, such as salaries
and wages (except compensation of the proprietor) ; interest on busi-
ness indebtedness; taxes on business and business property; losses
from fire, storm, or theft not compensated for by insurance or other-
wise; bad debts arismg from sales; depreciation, obsolescence, and
depletion; rent, repairs, and other expenses as provided in schedule D
of the individual returns. Form 1040. "Net loss" represents an excess
of deductions over total receipts. In using the amounts of net profit
or loss, total deductions, and labor and salaries, it must be remembered
that the compensation of the proprietor is not allowed as a deduction.
Data in basic tables 8 and 8-A for returns filed by sole proprietors
are completely tabulated for all Forms 1040 with net income of $5,000
and over and all Forms 1040 with net income under $5,000 showing
income characteristics similar to those usually found on returns with
net income of $5,000 and over, such as varied and unusual sources of
income or large total income. The remaining returns. Form 1040,
with net income under $5,000, are sampled and estimates are made
separately for taxable and nontaxable returns. There is applied to
the business data in the sample the appropriate ratio of the number
of businesses in the sample to the estimated total number of busi-
nesses for all Forms 1040 from w^liich the sample is taken. The esti-
mated total number of businesses for all Forms 1040 from which the
sample is taken is obtained by solving for X in the follow^ing example:
Number of returns in sample is to the total number of returns, Form
1040, from which the sample is taken, as the number of businesses in
sample is to X.
The data in basic tables 8 and 8-A exclude (1) income from partner-
ships reported as item 6, page 1, Form 1040 (see page 320) and (2)
salaries, w^ages, fees, commissions, etc., reported as item 1, page 1,
Form 1040.
NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNS
The statistics showing the number of individual income tax returns
for 1939 by counties, cities, and towns having a population of 1,000
and over have been issued m a separate mimeographed bulletin
50 STATISTICS OF INCOME^ PART 1
entitled "Individual Income Tax Returns for 1939 — Number of
Returns by States, Counties, Cities, and Towns." Copies may be
secured from the Bureau of Internal Revenue, Washington, D. C,
upon request. Information concerning net income and tax liability
on individual income tax returns is not tabulated for smaller civil
divisions than States and Territories.
FIDUCIARY INCOME TAX RETURNS
NUMBER OF RETURNS, NET INCOME TAXABLE TO THE FIDUCIARY, AND TAX
The number of returns, net income taxable to the fiduciary, deficit,
tax, average total tax, and effective tax rate are shown in basic table
10, pages 210-217, for fiduciary returns with net income taxable to the
fiduciary and with no net income. The data for fiduciary returns
with net income are classified by size of net income and aggregate
data are presented for fiduciary returns with no net income. Returns
with no alternative tax (Part II, pages 212-213) are shown separately
from those with alternative tax (Part III, pages 214-217) and the
returns with alternative tax are further classified into those with net
long-term capital gam and with net long-term capital loss.
Basic table 10 contains information for fiduciary returns similar to
that for individual returns in basic table 2-A, pages 92-100. Atten-
tion is called to the fact that data for the 62,879 taxable fiduciary
returns shown in basic table 10 are included in the text table on pages
8-9 and in basic table 2, pages 82-90, where composite data for
individual returns and taxable fiduciary returns w^itli net income are
classified by size of net income.
The total number of fiduciary returns for estates and trusts is
213,340, of which 89,453 are returns with net income taxable to the
fiduciary and 123,887 are returns with no net income. Of the 89,453
returns showing a net income of $259,799,362, there are 62,879 taxable
returns and 26,574 nontaxable returns. The total tax liability is
$37,459,899, of which $23,263,145 is the normal tax and surtax re-
ported on 62,618 taxable returns with no alternative tax, and $14,-
196,754 is the alternative tax reported on 261 returns with alternative
tax. The average tax liability on all fiduciary returns with net income
is $419 and on "taxable fiduciary returns is $596. The effective tax
rate is 14.4 percent for all fiduciary returns with net income and 14.8
percent for taxable fiduciary returns.
As compared with 1938 data, the total number of fiduciary returns
increased 12,514, or 6.2 percent; the number of returns with net
income increased 13,074, or 17.1 percent; and the number of returns
with no net income decreased 560, or 0.4 percent. The number of
taxable returns with net income increased 9,998, or 18.9 percent, and
the number of nontaxable returns w^ith net income increased 3,076, or
13.1 percent. For returns with net income the aggregate net income
taxable to the fiduciary increased $17,630,999, or 7.3 percent; the net
income on taxable returns increased $16,508,432, or 7.0 percent; and
the net income on nontaxable- returns increased $1,122,567, or 19.6
percent. The total tax liability decreased $1,638,078, or 4.2 percent.
The effective tax rates for 1938, which were somewhat higher than
those for 1939, were 16.1 percent for all fiduciary returns with net
income and 16.5 percent for taxable fiduciary returns.
STATISTICS OF INCOME^ PART 1 51
RETURNS INCLUDED AND DEFINITIONS OF CERTAIN ITEMS
Data are tabulated from all fiduciary returns, Form 1041, filed for
the year covered by this report (see pages 2-3). The tabulations for
fiduciary returns include data from returns for income for estates and
trusts incorrectly filed on Form 1040 instead of Form 1041. For
statistical purposes, an adjustment was made for these incorrectly
filed 1939 returns, Form 1040, whereby "Amount distributable to
beneficiaries" (if any) was removed from "Other deductions" and
"Total deductions" and the income prior to distribution to beneficiaries
("Balance income") was computed in order that data for estates and
trusts on these incorrectly filed returns might be tabulated with the
data reported on fiduciary returns, Form 1041.
For the fiduciary returns tabulated in this report, the definitions of
net income taxable to the fiduciary, no net income or deficit, net in-
come subject to surtax, net income subject to normal tax, ordinary
net income, and tax liability, are given in the section of this report
entitled "Individual Income Tax Returns and Fiduciary Income
Tax Returns," pages 4-5. There is no alternative tax reported
on fiduciary returns with no net income.
"Balance income" before distribution to beneficiaries (item 15,
page 1, Form 1041, facsimile on page 326) means the amount of
gross income, as defined by law, in excess of deductions claimed by the
taxpayer. "Balance deficit" means excess of deductions over gross
income. Deductions do not include the credit of $1,000 for personal
exemption allowed an estate, or the credit of $100, in lieu of the credit
for personal exemption, allowed a trust. Balance income and balance
deficit include net short-term gain and net long-term gain or loss from
the sale or exchange of capital assets to the extent provided by law.
INCOME CLASSES
In basic tables 10 and 11, fiduciary returns with net income taxable
to the fiduciary are classified by size of net income taxable to the
fiduciary (item 17, page 1, Form 1041, facsimile on page 326).
Net income taxable to the fiduciary means gross income in excess of
the sum of (1) deductions claimed by the taxpayer and (2) amount
distributable to beneficiaries (see page 4). A classification of
fiduciary returns with no net income taxable to the fiduciary by the
size of this deficit is not shown in this report.
In basic table 12 fiduciary returns with net income taxable to the
fiduciary are classified by size of balance income. In basic table 13
fiduciary returns with no net income taxable to the fiduciary are
classified by size of balance deficit and of balance income (for defini-
tions of balance income and balance deficit, see third paragraph on
this page).
SOURCES OF INCOME AND DEDUCTIONS
In basic table 11, pages 218-223, sources of income and deductions
(and two information items "Prior year net short-term capital loss
deducted" and "Net short-term capital gain before deducting prior
year net short-term capital loss"), balance income, amount distribut-
able to beneficiaries, and net income taxable to the fiduciary reported
on 89,453 fiduciary returns with net income taxable to the fiduciary
are classified by size of net income taxable to the fiduciary, and these
52 STATISTICS OF INCOME, PART 1
data reported on 123,887 fiduciary returns with no net income are
presented in aggregate. Basic table 11 contains information for
fiduciary returns similar to that for individual returns in basic table
7-A, pages 131-139. Attention is called to the fact that data for the
62,879 taxable fiduciary returns shown in basic table 11 are included
in basic table 7, pages 122-130, in which composite data for individual
returns and taxable fiduciary returns with net income are classified
by size of net income.
Basic table 11 also shows 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 for each specific source of income and deductions
and for the information item "Prior year net short-term capital loss
deducted." However, the number of returns is not available for the
information item "Net short-term capital gain before deducting prior
year net short-term capital loss," since this amount is tabulated by
adding the "Net short-term capital gain reported for the computation
of net income" to the "Prior year net short-term capital loss deducted."
For returns with net income under $5,000 shown in basic table 11,
the number of returns on which specific sources of income and de-
ductions are reported is available only for "Dividends from domestic
and foreign corporations." For prior years, this information was not
published.
In basic table 12, pages 224-227, sources of income and deductions
(and two information items "Prior year net short-term capital loss
deducted" and "Net short-term capital gain before deducting prior
year net short-term capital loss"), balance income, amount distribut-
able to beneficiaries, and net income taxable to the fiduciary reported
on the 89,453 fiduciary returns with net income taxable to the fiduciary
are classified by balance income.
In basic table 13, pages 228-231, sources of income and deductions
(and two information items "Prior year net short-term capital loss
deducted" and "Net short-term capital gain before deducting prior
year net short-term capital loss"), balance income or deficit, amount
distributable to beneficiaries, and net deficit reported on the 123,887
fiduciary returns with no net income taxable to the fiduciary are
classified by size of balance deficit and balance income. The following
groups of returns with no net income taxable to the fiduciary are
tabulated for basic table 13: 15,057 returns with balance deficit of
$65,609,047 before deduction of amount distributable to beneficiaries,
classified by size of balance deficit (total deductions exceed total in-
come, items 14 and 10, respectively, page l,Form 1041,'^facsimile on
page 326); 108,669 returns with balance income of ^ $594,448,599
before deduction of amount distributable to beneficiaries', classified by
size of balance income (balance income is equal to amount distributable
to beneficiaries, items 15 and 16, respectively, page 1, Form 1041);
and 161 returns with zero balance income before deduction of amount
distributable to beneficiaries (total income is equal to total deductions,
items 10 and 14, respectively, page 1, Form 1041).
Income from the various sources represents the net amount by which
the gross receipts exceed the deductions, as reported in the schedules
on the return (see Form 1041, facsimile on pages 326-333), 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
STATISTICS OF INCOME^ PART 1 53
returns are transferred in tabulation to deductions, and are included
with the amounts reported under specified or other deductions.
For definitions of certam sources of income and deductions, other
than " Salaries, wages, commissions, etc.," and " Contributions" which
are not applicable to fiduciary retm-ns, see section of this report under
individual income tax retm-ns entitled "Sources of Income and
Deductions," pages 22-26, and footnotes to basic tables 11-13.
The net short-term capital gain and net long-term capital gain and
loss tabulated for fiduciary returns for 1939 are computed according to
the provisions of the Revenue Act of 1938 and the Internal Revenue
Code as amended which apply to individual returns (see section of the
text entitled "Capital Gains and Losses," pages 21-22). In com-
paring the net short-term capital gain used in the computation of net
income on returns for 1939 and 1938, it must be remembered that the
amount for 1939 is after the deduction of the prior year net short-term
capital loss, whereas, for 1938, such a deduction was not allowed.
The amounts of net long-term capital gain and loss for 1939 and 1938
are comparable.
Unlike individual returns for 1939, there are not shown separately
the amounts of (1) losses from fire, storm, shipwreck, or other casualty,
or from theft not compensated for by insurance or otherw^ise, and (2)
bad debts. Similar to the 1938 tabulations for fiduciary returns, these
two amounts are included in "Other deductions" and "Total deduc-
tions."
AMOUNT DISTRIBUTABLE TO BENEFICIARIES
On fiduciary returns, Form 1041, the income distributable to bene-
ficiaries consists of amounts paid to or permanently set aside for all
beneficiaries, including charitable contributions. Amount distrib-
utable to beneficiaries is reported as item 16, page 1, Form 1041 for
1939 (facsimile on page 326) in accordance with the following
instructions:
Enter as item 16 the total amount distributable to beneficiaries as reflected in
colunms 2, 7b, 8b, and 9, schedule A. Care shovild be taken in filling in schedule A
so as to include as beneficiaries persons for whose benefit amounts of charitable
contributions which pursuant to the terms of the will or deed creating the trust
are during the taxable year paid or permanently set aside as provided in section
162(a). If any part of the income of the trust is taxable to the grantor under
section 166 or 167-, it should not be reported on Form 1041, but such income and
the amount of deductions and credits applicable thereto should be shown in a
separate statement to be attached to Form 1041.
Each beneficiary who files an income tax return must report his
share of the amount distributable to beneficiaries on his income tax
return. Consequently, in this report, showing 1939 data for all
fiduciary returns. Form 1041, and for individual returns. Forms 1040,
1040A, and 1040B, a large portion of the amount distributable to
beneficiaries tabulated for fiduciary returns is also tabulated as sources
of income for individual returns filed by beneficiaries and for fiduciary
returns filed for estates and trusts which are recipients of an amount
distributable.
Duplication of data may occur as follows: On the individual return
of each beneficiary, his share of the distribution from an estate or trust,
except interest on partially tax-exempt Government obligations, and
net gain or loss from the sale or exchange of capital assets received from
"Common trust funds," is reported as "Income from fiduciaries" (item
54 STATISTICS OF INCOME, PART 1
7, page 1, Form 1040, facsimile on page 320). The beneficiary's share
of interest on partially tax-exempt Government obligations owned by
the estate or trust is included in "Taxable interest on Government
obligations" (item 5, page 1, Form 1040, facsimile on page 320) and
the net gain from the sale or exchange of capital assets received from
"Common trust funds" is included in "Net short-term gain from sale
or exchange of capital assets" or in "Net long-term gain from sale or
exchange of capital assets" (items 10 (a) and (b), page 1, Form 1040,
facsimile on page 320). Consequently, the above-mentioned specific
sources of income, "Total income" and "Net income," on the individ-
ual returns of the beneficiaries may include all (if each beneficiary files
an individual income tax return) or a portion (if all beneficiaries do
not file individual returns) of the fiduciary income distributable to
beneficiaries which is reported on the fiduciary return of an estate or
trust. In a similar manner, whenever the recipient is an estate
or trust, the items "Income from fiduciaries," "Taxable interest on
Government obligations," and "Net short-term gain from sale or
exchange of capital assets" or "Net long-term gain from sale or
exchange of capital assets," "Total income," and "Net income," on
the fiduciary return for this recipient estate or trust may include all or
a portion of the amount distributable to beneficiaries which is reported
on another fiduciary return for an estate or trust.
Attention is called to the fact that the total of the "Amount dis-
tributable to beneficiaries," tabulated for all fiduciary returns,
Form 1041, is not entirely included in certain sources of income,
"Total income," and "Net income" reported on the income tax
returns of the beneficiaries. The portion which is imaccounted for
may result from (1) the use of the sample method for individual
returns with net income under $5,000 (for a description of the sample,
see pages 12-13), (2) part or all of the distribution being made to
beneficiaries who did not meet the requirements for filing an income
tax return or who were nonresident aliens not engaged in trade or
business within the United States, or (3) distribution to charitable
organizations for which returns are not included in this report.
It must be borne in mind that there is no duplication of data when a
comparison is made either of (1) net income taxable to the fiduciary
and net income of the beneficiary or (2) tax liability of the fiduciary
and tax liability of the beneficiary. The net income of the recipient
(whether an individual, estate, or trust) includes his share of the
income of the fiduciary distributable to beneficiaries but the net
income taxable to the fiduciary on tlie fiduciary return for the estate
or trust making the distributions excKides the "Amount distributable
to beneficiaries." The taxes on the return of the beneficiary and the
fiduciary are based on these amounts of net income.
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT OBLIGATIONS.
AMOUNT OWNED AND INTEREST RECEIVED— INDIVIDUAL AND
FIDUCIARY INCOME TAX RETURNS
Wholly tax-exempt obligations consist of securities the interest on
which is wliolly exempt from the normal tax and surtax of the Federal
Government. Partially tax-exempt obligations comprise securities
the interest on which is exempt from the normal tax of the Federal
Government and certain issues on wliich the interest on the principal
STATISTICS OF INCOME, PART 1 55
amount up to $5,000 is also exempt from surtax. For the calendar
year 1939, the wholly tax-exempt obligations required to be reported
on the returns consist 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 political subdivision thereof, or the District of
Columbia, and (3) obligations of United States possessions. Partially
tax-exempt obligations are United States savings bonds, Treasury
bonds, and obligations of instrumentalities of the United States other
than obligations issued under Federal Farm Loan Act, or such act
as amended.
Basic table 14, for individual returns with net income of $5,000
and over, shows the amounts reported as 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.
Similar to 1938, but unlike 1937, there are excluded from basic table
14 taxable fiduciary returns, Form 1041, and taxable returns for
estates and trusts incorrectly filed on Form 1040 instead of Form 1041
with net income of $5,000 and over taxable to the fiduciary. In basic
table 16, pages 238-239, there is given information for these excluded
returns with net income taxable to the fiduciary of $5,000 and over,
classified by size of net income taxable to the fiduciary (see note 73,
page 242).
Similar to 1938, basic tables 15 and 16 show, for taxable and non-
taxable fiduciary returns with net income and with balance income of
$5,000 and over before distribution to beneficiaries, the amount of
wholly and partially tax-exempt Government obligations owned at
the end of the 3^ear, and the wholly and partially tax-exempt interest
received or accrued during the year, segregated by nature of obliga-
tion. In basic table 15 the data are classified by size of balance
income and in basic table 16 by size of net income taxable to the
fiduciarj'. The definitions of balance income and net income taxable
to the fiduciary are given on pages 4 and 51 of the section of this report
entitled "Fiduciary Income Tax Returns."
Similar to 1938, but unlike 1937, basic table 16 shows separately
the data for taxable and nontaxable fiduciar}^ returns with net income
and with balance income of $5,000 and over, classified by size of net
income. For 1937, the information for taxable fiduciary returns
with net income of $5,000 and over was tabulated with individual
returns with net income of $5,000 and over in basic table 14, pages
181-182, Statistics of Income for 1937, Part 1. To secure combined
1939 data comparable with those for 1937, the data in basic table 14
in this report (pages 234-235) must be added to those fort axable re-
turns with net income of $5,000 and over shown in basic table 16
(pages 238-239).
Basic tables 14-16 fail to present an accurate sum.mary of either the
bond holdings or interest received because of an indefinite amount of
understatement and duplication in the data reported by the taxpayer,
as explained below.
Schedule B, Forms 1040 and 1041, from which these tables are pre-
pared, is an information schedule. As bond holdings may vary ma-
terially during the year, the n mount of bonds reported as of the end
56
STATISTICS OF INCOME^ PART 1
of the year ma}^ include bonds on which no interest was received, and,
vice versa, the interest reported may include interest on bonds which
have been sold prior to the end of the year. Therefore, interest is
reported for which no corresponding principal amount is shown, or
the principal amount is reported for which no corresponding interest
is shown. Frequently, neither the principal amount owned nor the
interest received is reported in schedule B, although interest is re-
ported on the face of the return for the computation of surtax.
Moreover, each member of a partnership or each beneficiary of an
estate, trust, or "Common trust fund" is instructed to include in
schedule B his proportionate share of wholly and partially tax-exempt
Government interest distributable by these entities and the corre-
sponding amount of Government obligations owned. If these in-
structions are followed, the partner's or beneficiary's share of data
reported in schedule A on Form 1065 and in schedule B on Form 1041
(facsimiles on pages 335 and 327, respectively), are also reported
in schedule B on the partner's or beneficiary's return. However, in
many cases, these instructions are not followed, with the result that
the proportionate shares are not accurately reported in schedule B
on the returns, Form 1040, filed by the partners and beneficiaries.
PARTNERSHIP RETURNS OF INCOME
Partnership returns of income, except for the war excess-profits tax
of 1917, are not subject to direct assessments of Federal income tax.
However, every domestic partnership and every foreign partnership
doing business in the United States or having an office or place of
business therein is required to file a return of income on Form 1065
(facsimile on pages 334-341). "The term 'partnership' includes a
syndicate, group, pool, joint venture, or other unincorporated organi-
zation, through or by means of which any business, financial operation,
or venture is carried on, and which is not, within the meaning of this
title, a trust or estate or a corporation * * *" (section 3797(a)(2),
Internal Revenue Code). The net income of the partnership, whether
distributed or not, or the net loss, is reported on the individual income
tax return of the copartners according to their proportionate share.
The number of partnership returns, Form 1065, filed for the in-
come years 1917 through 1939, as reported by the collectors of internal
revenue, is shown below, and consists of calendar year returns for the
income year, delinquent returns, and fiscal and part year returns
filed during the succeeding calenclar year regardless of month in which
the income year ended.
Number of
Income year: returns
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
1927 282,841
1928 272, 127
Number of
Income year: returns
1929 263,519
1930 244,670
1931 230,407
1932 216,712
1933 214,881
1934 221,740
1935 222,293
1936 237, 367
1937 261,470
1938 273,361
1939 290,876
STATISTICS OF INCOME, PART 1
57
HISTORICAL SUMMARIES— INDIVIDUAL INCOME TAX RETURNS WITH
NET INCOME, INCLUDING RETURNS FOR ESTATES AND TRUSTS,
1913-1939, AND INDIVIDUAL RETURNS WITH NO NET INCOME, 1928-
1939
A resume of the individual income tax returns with net income, in-
chiding returns for estates and trusts, for each of the years since the
inception of the present period of income taxation, showing number
of returns, net inconie, and tax, by net income classes, and sources of
income and deductions, is presented in the following tables.
For 1913 through 1915, the number of returns, net income, and tax
are secured from annual reports of the Commissioner of Internal
Revenue. The net income for each of these years is estimated from
the number of returns filed and the average net income for each net
income class. Information for 1916 through 1936 consists of that on
Forms 1040 and 1040A filed for individuals and for estates and trusts.
Information for 1937 through 1939 consists of that on Forms 1040
and 1040A filed for individuals, taxable Forms 1041 filed for estates
and trusts, and Forms 1040 incori-ectly filed for estates and trusts
(except that for 1938 and 1939 there is excluded information on non-
taxable Forms 1040 with net income, incorrectly filed for estates and
trusts). Available data for individual returns with no net income for
1928 through 1939 are also shown in the tables.
The number of returns, net income, and tax for individual income
tax returns with net income, including returns for estates and trusts,
for 1930 through 1939 by States and Territories, are tabulated in basic
table 9-A, pages 202-208.
Individual returns with net income, including returns for estates and trusts, 191S-
1939: number of returns, net income, tax before tax credits, tax credits, and tax;
and individual returns with no net income, 1928-1939: number of returns and
deficit '
[Money figures in thousands of dollars]
Year
1913'
1914.
1915-
1916_
1917.
1918.
1919.
1920.
1921.
1922-
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939.
Individual returns with net income, including returns for estates and trusts 2
Number of returns
Tax before tax
Net
cred
its
Percent of total
Total
Taxable
Non-
taxable
Normal
tax
Taxa-
Non-
Surtax
ble
taxable
357, 598
3, 900, 000
12, 729
15, 525
357, 515
4, 000, 000
16, 559
24, 487
336, 652
4, 600, 000
23, 996
43 948
437, 036
362, 970
74, 066
83
17
6, 298, 578
51,441
121,946
3, 472, 890
2, 707, 234
765, 656
78
22
13, 652, 383
156, 897
433, 346
4, 425, 114
3, 392, 863
1, 032, 251
77
23
15, 924, 639
476, 433
651, 289
5, 332, 760
4, 231, 181
1, 101, 579
79
21
19,859,491
468, 105
801, 525
7, 259, 944
5, 518, 310
1, 741, 634
76
24
23, 735, 629
478, 250
596, 804
6, 662, 176
3, 589, 985
3, 072, 191
54
46
19, 577, 213
308, 059
411,327
6, 787, 481
3, 681, 249
3, 106, 232
54
46
21, 336, 213
355, 410
474, 581
7, 698, 321
4, 270, 121
3, 428, 200
55
45
>o 24, 777, 466
10 11 378, 388
1011464,918
7, 369, 788
4, 489, 698
2, 880, 090
61
39
25. 656, 153
257, 795
437, 541
4, 171, 051
2. 501, 166
1, 669, 885
60
40
21, 894, 576
216, 360
432, 853
4, 138, 092
2, 470, 990
1, fiG7, 102
60
40
21, 958, 506
200, 599
448, 330
4, 101, 547
2, 440, 941
1, 660, 606
59
41
22, 545, 091
215,817
511,731
4, 070, 851
2, 523, 063
1, 547, 788
61
39
25, 226, 327
281,895
688, 825
4, 044, 327
2, 458, 049
1, 586, 278
61
39
24, 800, 736
162, 332
582, 393
3, 707, 509
2, 037, 645
1, 669, 864
55
45
18, 118, 635
129, 475
316, 816
3, 225, 924
1, 525, 546
1, 700, 378
47
53
13, 604, 996
82, 302
186, 078
3, 877, 430
1, 936, 095
1, 941, 335
50
50
10 11,655,909
156, 606
239, 232
3, 723, 558
1, 747, 740
1, 975, 818
47
53
11,008,638
164, 277
2^4, 307
4, 094, 420
1, 795, 920
2, 298, 500
44
56
12. 796, 802
123, 261
388, 139
4, 575, 012
2,110,890
2, 464, 122
46
54
14, 909, 812
152, 814
504, 625
5, 413, 499
2, 861, 108
2, 552, 391
53
47
19, 240, 110
330, 197
883, 820
6, 350, 148
3, 371, 443
2, 978, 705
53
47
21, 238, 574
334, 550
807, 019
6, 203, 657
3, 048, 545
3, 155, 112
49
51
18, 897, 374
228, 102
258, 209
7, 633, 199
3, 959, 297
3, 673, 902
52
48
23,191,871
286, 345
313, 518
For footnotes, see p. 74.
58
STATISTICS OF INCOME^ PART 1
Individxial returns with net income, including returns for estates and trusts, 1913-
1939: number of returns, net income, tax before tax credits, tax credits, and tax;
and individual returns unth no net income. 1928-1939: number of returns and
deficit ' — Continued
[Money figures in thousands of dollars]
Individual returns with net income, including returns for estates and
trusts 2— Continued
Individual returns
with no net
income s
Tax before tax credits — Con.
Tax ciedits
Tax 5
Number
of re-
turns
Year
Alterna-
tive tax 6
Tax on
capital
net sain,
12H per-
cent
Total
25 per-
cent of
tax on
earned
net in-
come '
12^2 per-
cent on
capital
net loss
from sale
of assets
held -more
than 2
years
Total
Deficit
1913 8
28, 254
41,046
67, 944
173, 387
« 795, 381
1, 127, 722
1, 269, 630
1, 075, 054
719, 387
861, 057
10 11 882, 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
1, 141, 569
" 765, 833
H 928, 694
28, 254
41,046
67, 944
173, 387
9 795, 381
1, 127, 722
1, 269, 630
1, 075, 054
719,387
861, 057
10 13 661, 666
704, 265
734, 555
732, 475
830, 639
1, 164, 254
1, 001, 938
476,715
240, 127
329, 962
374, 120
511,400
657, 439
1, 214, 017
1, 141, 569
n 765, 833
14 928, 694
1914
1915
1916
1917
1918
1919
1920
1921
1922
31,066
11 38, 916
48, 603
117, 571
112, 510
134, 034
233, 451
284, 654
65. 422
19. 423
6, 039
16, 435
1923
12 220, 555
39, 673
32, 229
28, 969
30, 943
39,916
27, 441
34, 998
41,676
71,915
50, 899
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
1925
1926
1927
1928
72, 829
92, 545
144, 867
184, 583
206, 293
168. 449
104, 170
94, 609
73. 272
83, 904
100, 233
82, 461
499, 213
1929
1, 025, 130
1930
1, 539, 452
1931 . ...
1, 936, 878
1932
1, 480, 922
1933
1, 141, 331
1934
412, 859
1935
381, 353
1936
286, 632
1937
308, 518
1938
■4 279, 522
H 328, 832
354, 156
1939
284, 327
Individual returns with net income, including returns for estates and trusts, 1914-1939,
by net income classes, and aggregate for individual returns with no net income,
1928-1939: number of returns ^ ^^
Net income classes
(Thousands of dollars)
1914
1915
1916 '6
1917
1918
1919
1920
Individual returns with
net income, including
returns for estates and
trusts:^
Under 1
1 under 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
2under 3
2, 569, 316
3 under 5
149, 279
127, 448
58, 603
14, 670
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
1,337,116
5 under 10-.
455, 442
10 under 25
171,830
25 under 50 ....
38, 548
50 under 100
100 under 150 .
12, 093
2,191
150 under 300
1,063
300 under 500
500 under 1,000
,1,000 and over
239
123
33
Total individual,
estate, and trust
returns with net
income
357,515
336, 652
429, 401
3, 472, 890
4,425,114
5, 332, 760
7, 259. 944
Grand total
357, 515
336, 652
429, 401
3, 472, 890
4, 425, 114
5, 332, 760
7, 2.59, 944
For footnotes, see p. 74.
STATISTICS OF INCOME^ PART 1
59
Individual returns with net income, including returns for estates and trusts, 1914-1939,
by net income classes, and aggregate for individual returns with no net income,
1928-1939: number of returns ^ ^^ — Continued
Net income classes
(Thousands of dollars)
1921
1922
1923
1924
1925
1926
1927
Individual returns with
net income, including
returns for estates and
trusts;^
Under 1
1 under 2 ._. ..
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
02 573
2 under 3
3 under 5 _- -
5 under 10 .-..-.
10 under 25
25 under 50
50 under 100
100 under 150
150 under 300
5,261
3,873
1 141
300 under 500 _ -
500 under 1,000
1,000 and over
557
290
Total individual,
estate, and trust
returns with net
income . . -
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4, 171, 051
4, 138, 092
4 101 647
Grand total...
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4, 171, 051
4, 138, 092
4, 101, 547
Net income classes
(Thousands of dollars)
1928
1929
1930
1931
1932
1933
1934
Individual returns with
net income, including
returns for estates and
trusts: 2
Under 1
111,123
918, 447
837, 781
1,192,613
628, 766
270, 889
68, 048
27, 207
7,049
5,678
1,756
983
511
126, 172
903, 082
810, 347
1, 172, 655
658, 039
271, 454
63, 689
24, 073
6,376
5,310
1,641
976
513
150, 000
909, 155
767, 684
1, 070, 239
550, 977
198, 762
40, 845
13, 645
3,111
2,071
552
318
150
185,391
862, 153
675, 019
912, 630
417,655
137, 754
24, 308
7,830
1, 634
1,056
268
149
77
359, 688
1, 489, 589
967, 956
703, 755
251,014
79, 210
18, 480
5, 902
995
595
140
86
20
397, 676
1, 480, 717
914, 198
599, 075
229, 754
75,643
18, 423
6,021
1,084
695
141
81
50
320, 460
1,608,095
980, 682
762, 536
290 824
2 under 3
3 under 5 -
5 under 10
10 under 25
102, 892
20,931
6,093
982
25 under 50
50 under 100
100 under 150
150 under 300 .
690
300 under 500
116
500 under 1,000
1,000 and over.-
86
33
Total individual,
estate and trust
returns with net
income
Individual returns with
no net income '
4, 070, 851
72, 829
4, 044, 327
92, 545
3, 707, 509
144, 867
3, 225, 924
184, 583
3, 877, 430
206, 293
3, 723, 558
168, 449
4, 094, 420
104, 170
Grand total
4, 143, 680
4, 136, 872
3, 852, 376
3, 410, 507
4, 083, 723
3, 892, 007
4, 198, 590
For footnotes, see p. 74.
437826 — i2-
60
STATISTICS OF INCOME, PART 1
Individual returns with net income, including returns for estates and trusts, 19 14-1939,
by net income classes, and aggregate jor individual returns with no net income,
1928-1939: number oj returns • ^^ — Continued
Net income classes
(Thousands of dollars)
Individual returns with net income, includ
ing returns for estates and trusts: '
Under 1. --
1 under 2
2 under 3
3 under 5
5 under 10...
10 under 25
25 under 50.-.. ---
sounder 100
100 under 150... -
150 under 300
300 under 500
500 under 1,000
1,000 and over
Total individual, estate, and trust
returns with net income
Individual returns with no net income ^..
Grand total
1936
1937
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
2,111.789
1,317,752
1, 029, 144
440, 886
176, 649
41, 137
13,620
2,606
1,544
330
178
61
297, 143
2, 524, 763
1,571,996
1,251,213
471,171
178, 446
38, 948
12,318
2,269
1,358
312
162
49
389, 871
2, 433, 949
1, 614, 982
1, 172, 409
415, 596
140, 781
26, 336
7,259
1,326
766
207
118
57
374, 223
3, 036, 444
2, 060, 540
1, 468, 402
484, 698
164, 707
31,992
9,272
1,618
935
212
111
45
4, 575, 012
94, 609
5, 413, 499
73, 272
6, 350. 148
83, 904
6, 203, 657
100, 233
7, 633, 199
82, 461
4, 669, 621
6, 434, 052
6, 303, 890
7, 715, 660
Individual returns with net income, including returns for estates and trusts, 1916-
1939, by net income classes, and aggregate for individual returns with no net
income, 1928-1939: net income or deficit ' '^
[Net income classes and money figures in thousands of dollars]
Net income classes
1916
1919
Individual returns with net in-
come, including returns for
estates and trusts: ^
Underl
1 under 2
2 under 3
3 under 5
5 under 10
10 under 25 _
25 under 50 _.
sounder 100
100 under 150
150 under 300^-- -.
300 under 500 .._
500 under 1,000
1,000 and over
624, 669
1, 037, 248
1, 235, 016
822, 662
722. 795
357, 355
505, 859
271, 938
256, 771
464, 264
2, 461, 137
2, 064, 977
2,115,865
1, 827, 508
1, 687. 166
1,042,320
846, 894
400, 492
474, 652
209, 905
214,631
306, 836
2, 232, 355
3. 626, 825
3, 535, 219
2, 145, 690
1, 736. 548
978, 043
679, 721
284. 107
305, 025
144, 545
119,076
137, 487
2,829,113
3, 807, 286
4, 513, 264
2, 954, 137
2,412.276
1, 277, 365
896, 497
358, 393
371. 149
159,071
128. 290
152, 650
4, 050, 067
6, 184, 543
5, 039, 607
3. 068. 331
2, 547, 905
1, 307, 785
810, 386
265, 512
215. 139
89, 314
79, 963
77, 078
213, 850
3, 620, 762
5, 325, 931
4,0.54,891
2, 378, 759
1, 958, 156
979, 629
582, 230
163. 521
145,948
61,343
42, 780
49,411
Total individual, estate,
and trust returns with
net income
6, 298, 578
13, 652, 383
15, 924, 639
19, 859, 491
23, 735, 629
19, 577, 213
Net income classes
1922
1923
1925
1927
Individual returns with net
income, including returns
for estates and trusts. 2
Underl..
1 under 2 —
2 under 3
3 under 5..
5 under 10..
10 under 25.
25 under 50..
sounder 100
100 under 1.50
150 under :«1fl^. .-.
300 undiT :m
.500uii(liT 1,000
1,000 and over
Total individual, es-
tate, and trust re-
turns with net in-
come. —
247, 564
3, 630, 571
5, 153, 497
4, 500, 558
2,641,905
2, 255, 872
1, 208, 274
805, 224
260, 204
266, 814
116, 672
107, 671
141,387
252, 513
10 3, 693, 642
'« 6, 073, 444
10 6, 469. 195
10 2, 653, 026
10 2, 538, 079
1,3,50,680
833, 898
280, 656
260, .584
124, .569
95, 107
152, 072
235, 452
3, 564, 474
5, 277, 147
6, 827, 924
2,991,188
2, 855, 397
1, ,599, 848
1, 066. 784
377. 645
374, 609
171.249
158, 462
155, 974
.58, 306
1,774,602
2, 047, 970
5, 236, 003
3, 463, 852
3, 544, 898
2, 032, 239
1,418,948
572, 860
655, 300
339, 774
327, 308
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
21, 336, 213
10 24, 777, 466
25, 656, 153
21, 894, 676
21, 958, 506
22, 545, 091
For footnotes, see p. 74.
STATISTICS OF INCOME^ PART 1
61
Individual returns toith net income, including returns for estates and trusts, 1916—
1939, by net income classes, and aggregate for individtial returns with no net
income, 19'28-1939: net income or deficit ' ^^ — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
1928
1929
1930
1931
1932
1933
Individual returns with net
income, including returns
for estates and trusts: 2
Under 1
1 under 2
64. 535
1,626,832
2, 030, 901
4, 648, 098
4, 282, 620
4,037,853
2, 326, 503
1, 857, 878
850, 451
1, 157, 131
663, 900
670, 862
1.108,863
73, 742
1, 499, 908
1,968,596
4, 572, 696
4,481,676
4,025,233
2, 174, 458
1,646,476
770, 536
1,087,410
628, 229
669, 878
1.212,099
86, 892
1,494,526
1, 864, 162
4, 151, 967
3, 723, 763
2, 922, 750
1, 383, 619
919, 040
374, 171
419,016
207, 131
211,693
359, 905
106, 622
1, 399, 430
1, 641, 594
3, 516, 716
2, 807, 001
2, 006, 721
820, 648
528, 049
196, 598
212. 059
102, 186
102,311
166. 060
231, 140
2, 145, 834
2, 437, 261
10 2, 597, 915
1,677,039
1,160,398
629, 639
393, 206
119,896
118,008
52, 469
57, 874
35, 240
264, 784
2, 093, 292
2, 295, 586
2under3
3 under 5
2, 207, 458
1, 537, 875
5 under 10 _._ ..-
lOunder 25
1,112,086
25 under 60 . .
630,005
401,049
50 under 100
100 under 150 ...
129, 169
150 under 300
139, 215
300 under 500
54, 570
.500 under 1,000
66, 700
1,000 and over
86, 867
Total individual, es-
tate, and trust returns
with net income
Individual returns with no
net income 3 ._ ...
26, 226, 327
1' 499, 213
24, 800, 736
1' 1,025,130
18, 118, 635
IM, 539, 452
13, 604, 996
I'l, 936, 878
i«ll,655,909
'M, 480, 922
11,008,638
'M, 141,331
Net income classes
1934
1935
1936
1937
1938
1939
Individual returns with net
income, including returns
for estates and trusts: 2
Under 1
211,113
2, 277, 726
2, 467, 851
2, 839, 348
1, 962, 891
1, 613, 592
708, 530
406, 976
117,744
140, 960
43, 832
69, 464
57, 775
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
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
202, 401
3, 592, 283
3, 980, 864
4, 646, 965
3, 170, 571
2,639,518
1,319,431
824, 261
272, 264
272, 724
117,477
114,399
85, 416
2,59, 833
3,430,143
4,091,600
4, 317, 709
2, 783, 893
2,059,779
886, 398
484, 768
158, 413
154, 996
78, 441
81,396
110,103
253,911
1 under 2
4,327,850
5 201 699
2 under 3 . . .
3 under 5
6, 434, 218
3, 241, 405
5 under 10 ..
10 under 25
2, 416, 728
1,079,972
617, 798
193 959
25 under 60
50 under 100
100 under 150
160 under 300.
187,482
300 under ,500
81 387
500 under 1,000
74, 0£0
81 370
1,000 and over ..
Total individual, estate,
and trust returns with
net income .
12, 796, 802
17412,859
14,909.812
"381,353
19,240,110
1' 286, 632
21, 238, 574
1' 308, 518
18, 897, 374
" 354, 156
23,191,871
Individual returns with no
net income ' .
•' 284, 327
For footnotes, see p. 74.
62
STATISTICS OF INCOME^ PART 1
Individual returns with net income, including returns for estates and tructs, 1916-
1939, by net income classes, and aggregate for individual returns with no net income,
1938-1939: tax i i^
[Net income classes and money figures in thousands of dollars!
Net income classes
1916
1917
1918
1919
1920
1921
Individual returns with net income,
including returns for estates and
trusts: 2
Underl
174
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
1.36, 156
79, 165
69, 834
88. 885
24, 696
28, 258
75, 915
91, 538
164, 833
154, 946
186, 358
118, 705
163, 095
86,031
76.228
99, 027
36,860
45, 508
83,496
97, 886
172, 259
154, 265
163, 718
86, 588
92, 604
47, 043
45, 641
49, 185
29, 161
2 under 3
20, 712
776
6,301
11,637
11,603
16, 299
12, 423
24,007
17, 951
20, 902
51, 487
42,744
68, 871
10 under 25
126, 886
112, 910
25 under 50 ___
50 under 100 .
115 712
100 under 150 .-
52, 330
61, 496
150 under 300 --
300 under 500
31,860
500 under 1,000
25 112
1,000 and over
31.420
Total individual, estate, and
trust returns with net in-
come
173, 387
691, 493
1, 127, 722
1, 269, 630
1,075,054
719, 387
Net income classes
Individual returns with net income, in-
cluding returns for estates and trusts:'
Underl..
1 under 2
2 under 3
3 under 5
5 under 10
10 under 25
25 under 50
50 under 100
100 under 150
150 under 300
300 under 500
500 under 1,000. .._
1,000 and over
Total individual, estate, and trust
returns with net income
247
27, 081
20, 730
47, 533
70, 388
123, 576
125,697
144, 093
71,337
98, 810
43, 488
38, 559
49, 518
317
10 18,253
10 16, 606
10 46,048
1054,075
10 103, 109
103, 601
108, 879
55. 719
62, 104
31, 669
25, 498
35, 788
10 661,666
146
10, 432
10, 207
26, 865
28, 828
78, 069
109, 360
136, 636
75, 678
92, 481
45, 771
42. 585
47, 207
704, 265
1925
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
734, 555
1926
56
1,761
4,217
7, 245
20, 272
72, 465
112, 797
140,947
77,900
103, 997
55, 256
53, 665
81, 893
732, 471
Net income classes
1928
1929
1930
1931
1932
1933
Individual returns with net income,
including returns for estates and
trusts: 2
Underl
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
553
1,404
2,413
9,551
59, 893
113,904
160,814
99,560
159, 221
97, 336
106, 219
191,054
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, 409
31,912
18, 554
19,016
16, 476
97
1 under 2 ._ .
10, 345
2 under 3
7 710
3 under 5
18, 397
3.5,077
54, 977
5 under 10
10 under 25
25 under 50...
52 355
50 under 100
57 491
100 under 1.50
30 369
150nndrr:«)0 ..
40 41''
.3(10 under ■.()()
17 910
500 under 1,000
9] 90]
1,000 and over.
27 7."i;t
Total individual, estate, and
trust returns with net income.
1, 164, 254
1,001,938
476, 715
246, 127
329, 962
374, 120
For footnotes, see p. 74.
STATISTICS OF INCOME^ PART 1
63
Individual returns with net income, including returns for estates and trusts, 1916-
1939, bij net income classes, and aggregate for individual returns with no net income,
1938-1939: ioa; i i^—Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
1934
1935
1936
1937
1938
1939
Individual returns with net income,
including returns for estates and
trusts: 2
Under 1
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
14, 010
13, 988
32, 232
79, 369
175,613
191, 339
216, 045
116, 156
147, 381
71, 470
78, 945
77, 138
468
17, 262
15, 622
38, 852
83, 529
175, 709
179, 395
194, 507
102, 062
131, 060
67, 489
74, 156
61, 457
719
15, 202
13, 789
33, 920
71, 654
134, 162
120, 594
116,989
58, 224
09, 744
39, 832
42, 353
48, 035
744
1 under 2
21, 422
2 under 3
21 374
3 under 5 .. ..
47,424
83, 430
158, 156
5underl0--
10under25
25 under 50 -
146, 937
50 under 100 - .-. .- ..
146, 686
100 under 150 -
71, 970
150 under 300-
88, 234
300 under 500
44, 237
500 under 1,000
44, 598
1,000 and over -- --
53, 181
Total individual, estate, and
trust returns witli net in-
come
Individual returns with no net in-
come 1'
511,400
657, 439
1,214,017
1, 141, 569
765, 218
615
928, 394
300
Grand total
511, 400
657, 439
1, 214, 017
1, 141, 569
765, 833
928, 694
Individual returns with net income, including returns for estates and trusts, 1916-
1939, by net income classes: effective tax rate (percent)^ ^^
Net income classes
(thousands of dollars)
1916
1917
1918
1919
1920
1921
1922
1923
1924
Under 1 . ...
0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
51.94
58.70
63.69
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
06
1 under 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
2under3
.19
3 under 5
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09
.39
5 under 10 .
.95
10 under 25 .
2.73
25 under 50 ..
6.84
50 under 100
12.81
100 under 150 - .
20 04
150 under 300 .
24 69
300 under 500
26.73
500 under 1,000
26.87
1,000 and over.
30.27
Total individual,
estate, and trust
returns with net
income . .. ..
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
Under 1 ..
0.12
.10
.19
.16
.55
2.09
5.94
10.42
. 13.87
15.73
16.40
16.39
15.83
0.08
.10
.21
.15
.52
1.98
5.77
10.14
13.66
15.72
16.24
16.88
16.56
0.06
.07
.19
.14
.53
1.98
5.82
10.20
13.74
15.72
17.11
16.99
16.42
0.09
.10
.21
.16
.53
2.05
5.87
10.47
13.74
15.77
17.06
17.35
16.70
0.02
.04
.07
.05
.21
1.49
5.24
9.77
12.92
14.64
15.49
15.86
15.76
0.04
.08
.18
.13
.47
1.70
5.25
9.51
13.03
14.91
15.96
16.20
16.98
0.02
.07
.15
.11
.44
1.59
4.89
8.48
11.77
13.58
15.08
15.11
16.19
0.04
.57
.40
.80
2.12
4.32
6.92
11.99
20.41
27.04
35.36
32.86
46.75
04
1 under 2
49
2under 3_
34
3 under 5
83
5 under 10 .
2 28
10 under 25.
4 94
25 under 50
8 31
50 under 100- .
14 34
100 under 150
23 51
150 under 300-.
29 03
300 under 500
32 82
500 under 1,000
37.43
1,000 and over. ..
31 96
Total individual,
estate, and trust
returns with net
income..
3.35
3.33
3.68
4.62
4.04
2.63
1.81
2.83
3 40
For footnotes, see p. 74.
64
STATISTICS OF INCOME, PART 1
Individual returns with net income, including returns for estates and trusts, 1916-
1939, by net income classes: effective tax rate (percent)^ ^^ — Continued
Not income classes
(thousands of dollars)
1934
1936
1936
1937
1938
1939
Under 1 -
0.05
.38
.31
.65
2.21
5.55
11. 98
20.89
32.41
41.14
47.68
61.70
65.75
0.06
.40
.33
.64
2.13
6.69
12.09
21.06
32.54
41.15
47.81
51.92
56.36
0.18
.47
.42
.84
2.67
6.68
13.66
23.65
37.32
47.86
57.40
64.31
71.66
0.23
.48
.39
.84
2.63
6.66
13.60
23.60
37.49
48.06
57.45
64.82
71.95
0.28
.44
.34
.79
2.57
6.51
13.60
24.13
36.75
45.00
50.78
52.03
43.63
29
49
2 under 3 -
41
3 under 5 . .. --
87
2 67
10 under 25.
6 64
25 under 50 - .
13 61
50 under 100
23 74
100 under 150.
37 11
150 under 300 -. ...
47 06
300 under 500
54 35
600 under 1,000
60 19
1,000 and over -
66 36
Total individual, estate, and trust returns with
net income .. -
4.00
4.41
6.31
5.37
4.05
4 00
Individual returns ivith net income, including returns of estates and trusts, 1916-1939,
and individual returns with no net income, 1928-1939: sources of income, deduc^
tions, and net income or deficit ^ ^ '^
[Thousands of dollars]
Distribution
1916
1917 '«
1918
1919
1920
1921
Income: 20
Salaries, wages, commis-
sions, etc.2i
1, 851, 277
33 2, 637, 475
(34)
(34)
(34)
643, 803
2, 136, 469
379, 795
(37)
701, 084
3, 648, 438
2, 865, 413
776,087
I 318, 171
684, 343
2, 848, 842
(38)
(36)
936, 715
8, 267, 392
3, 124, 355
1, 214, 914
291, 186
975, 680
2, 468, 749
(36)
(36)
1, 403, 486
10, 755, 693
3, 877, 660
1,831,430
999, 364
1, 019, 094
2, 453, 775
(36)
63, 377
1, 437, 402
1015,322,873
I" 3, 215, 556
10 1,706,229
1, 020, 543
1,047,424
2, 735, 846
(36)
61, 550
10 1, 580, 250
13, 813, 169
2, 366, 319
1, 341, 186
Business profit
Partnership profit 22
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from sale
of assets held more than 2
years _
Capital net gain from sale
of assets held more than 2
years. .
462, 859
Rents and royalties
Dividends received 23
Income from fiduciaries 24__
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations 25
Interest and other income28_
1, 177, 958
2, 476, 952
(36)
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: 20
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.
(38)
} (3S)
} (3»)
(38)
2, 061, 324
(38)
(38)
(38)
245. 080
640, 683
(38)
(38)
(38)
(38)
1, 821, 122
(38)
(38)
(33)
(38)
2, 678, 194
(38)
(38)
(38)
387, 290
2, 567. 351
(38)
(38)
Taxes paid
(38)
Contributions 27 ..
(38)
Other deductions"
3. 751, 669
Total deductions '8
2, 051, 324
885, 763
1, 821, 122
2, 578, 194
2, 954, 641
3, 761, 569
Net income
6, 298, 678
11,191,246
15, 924, 639
19, 859, 491
23, 736, 629
19, 577, 213
For footnotes, see p. 74-75.
STATISTICS OF INCOME, PART 1
65
Individual returns with net income, including returns of estates and trusts, 1916-1939,
and individual returns with no net income, 1928-1939: sources of income, deduc-
tions, and net income or deficit i ^ is — Continued
[Thousands of dollars]
Distribution
1922
1923 10
1924
1925
1926
1927
Income: 2"
Salaries, wages, commis-
sions, etc.2' . .
13, 693, 993
2, 839, 771
1, 427, 127
742, 104
249, 248
1, 224, 929
2, 664, 219
257, 928
33,989
} 1,738,601
14, 195, 356
4, 722, 766
1, 676, 409
863, 107
305, 394
1,814,126
3, 119, 829
329, 124
43, 711
2, 177, 771
13, 617, 663
4, 755, 483
1,810,014
1, 124, 566
389, 148
2, 009, 716
3, 250, 914
310, 144
29, 645
2, 281, 703
9, 742, 160
3, 688, 804
1, 827, 025
1, 991, 659
940, 569
1,471,332
3, 464, 625
305, 806
25, 651
1, 814, 402
9, 994, 315
3, 572, 895
1, 732, 581
1, 465, 625
912,917
1, 450, 760
4,011,590
333, 365
36, 782
1, 936, 604
10, 218, 450
3 287 421
Business profit
Partnersiiip profit 22
Profit from sale of real
estate, stoclfs, bonds,
etc., other than taxed as
capital net gain from sale
of assets held more than
1, 755, 145
1,813,396
1 081 186
Capital net gain from sale
of assets held more than
2 years 29 _ .
Rents and royalties
Dividends received 23
Income from fiduciaries 2<.„
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations ^s
Other taxable interest
Other income ^s
1, 302, 276
4, 254, 829
421, 481
47, 479
f 1,675,916
1 350, 981
Total income
24, 871, 908
29, 247, 593
29, 578, 997
25, 272, 035
25, 447, 436
26, 208, 561
Deductions: 2"
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 . ...
(38)
} (2»)
} (3«)
425, 218
3,110,478
(38)
(38)
(38)
534, 797
3, 935, 330
(38)
(38)
(")
533, 168
3, 389, 675
(38)
(38)
(38)
441, 590
2, 935, 868
178, 216
(38)
(38)
484, 205
2, 826, 509
227, 879
(3.)
Taxes paid . ......
(38)
Contributions "
Other deductions 's
507, 705
2,927,886
Total deductions 28
3, 535, 696
4, 470, 127
3, 922, 843
3, 377, 458
3, 488, 930
3,663,470
Net income
21, 336, 213
24, 777, 466
25, 656, 153
21, 894, 576
21, 958, 506
22,545,091
For footnotes, see p. 74-75.
66
STATISTICS OF INCOME, PART 1
Individual returns with net incotne, including returns of estates and trusts, 1916-19S9,
and individual returns with no net income, 1928-1989: sources of income, deduc-
tions, and net income or deficit ^ ^ i^— Continued
[Thousands of dollars]
1928
1929
1930
Distribution
Individual,
estate, and
trust re-
turns with
net income
Individ-
ual re-
turns with
no net
income
Individual,
estate, and
trust re-
turns with
net in-
come '"
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Income: 20
Salaries, wages, commis-
sions, etc.2' - -
10, 862, 331
3, 243, 955
1, 929, 520
2, 928, 142
1, 879, 780
1, 164, 518
4, 350, 979
443, 998
40, 553
1,841,818
302, 040
82, 193
32,811
16, 631
53, 584
274
67, 071
88, 984
17, 577
1,763
} 59, 760
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
f 1, 908, 030
I 296, 235
199, 654
58, 413
49, 633
85, 265
1,426
79, 984
297, 726
12, 209
2,864
} 115, 177
9, 921, 952
2, 628, 057
1, 089, 646
636, 738
556, 392
974, 325
4, 197, 304
429, 459
38, 134
f 1,608,434
1 "239,004
283 727
Business profit . -. . ..
69, 697
57, 260
1
Partnership profit 22
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from
sale of assets held more
than 2 years.-
Capital net gain from sale
of assets held more than
2years29
Rents and royalties
Dividends received 23
Income from fiduciaries -*.
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations 25. _.
Other taxable interest
Other income 28 _. _.
i 68, 135
103, 460
434, 988
19, 843
5,738
} 161, 536
Total income
28, 987, 634
420, 649
29, 844, 758
902, 251
1" 22, 319, 446
1, 204, 383
Deductions: 20
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of as-
sets held more than 2
years
171, 743
i (38)
} (3«)
532, 886
3, 056, 679
144, 561
(38)
f (38)
\ 125, 990
8,465
640, 847
994, 665
(38)
527, 093
3, 522, 265
38 838, 984
(38)
f (38)
1 156, 054
13, 016
919, 327
1, 232, 776
172, 538
} (3«)
'"417,771
10 2, 377, 726
3» 1, 307, 143
570, 023
\ 31, 536
16, 630
818, 503
Net loss from business
Net loss from partner-
ship "
Interest paid..
Taxes paid 3o ....
Contributions "
Other deductions 28
Total deductions 28
3, 761, 308
919, 862
5, 044, 023
1, 927, 381
10 4, 200, 811
2, 743, 835
Net income or deficit- ..
25, 226, 327
1' 499, 213
24, 800, 736
1' 1, 025, 130
18, 118, 635
" 1, 539, 452
For footnotes, see pp. 74-75.
STATISTICS OF INCOME^ PART 1
67
Individual returns with net income, including returns of estates and trusts, 1916-19S9,
and individual returns with no net income, 1928-1939: sources of income, deduc-
tions, and net income or deficit ' ^ '^ — Continued
[Thousands of dollars]
1931
1932
1933
Distribution
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Income" ^o
Salaries, wages, commis-
sions, etc. 21
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
305, 684
73, 186
47, 754
i 29, 573
117,059
485, 616
29, 438
5,138
} 206, 302
8,136,717
1, 294, 952
482, 863
C 112,814
I 50,074
529, 989
1,972,133
310,949
29, 188
/ 1, 141, 799
\ 330, 602
219, 716
54. 880
28, 612
[ 20, 602
105, 609
216, 544
18, 843
4,235
13X, 993
30, 559
7, 390, 356
1, 402, 923
603, 725
f 419, 591
[ 133,616
447, 883
1, .559,046
276, 067
31,689
901, ?32
167, 197
174, 581
Business profit . .
51, 137
Partnership profit 22
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
31,000
1
Capital net gain from sales
of assets held more than
2years2«
Rents and royalties
Dividends received "
Income from fiduciaries "_
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations "__.
Other taxable interest
I 67, 470
83, 675
152,361
19, 846
4,420
107, 904
33,423
Total income -. .
17, 268, 451
1, 299, 750
14,392,080
831, 592
13, 393, 825
725, 817
Deductions: 20
Net loss from sale of real
estate, stocks, bonds,
etc., other than reported
for tax credit on capital
net loss from sale of as-
sets held more than 2
years
Net loss from business
Net loss from partnership's
Interest paid 30
Taxes paid 30
Contributions 2?
Other deductions 2'
1, 160, 765
} 134, 685
} Q')
328, 300
2, 039, 705
3» 1, 818, 724
590, 123
\ 197, 133
25, 629
605, 019
375, 445
112, 659
} ('«)
304,009
10 1, 944, 057
39 835, 280
519, 340
{ 177, 758
12, 651
767, 486
365, 782
f 61, 985
1 30, 435
507, 520
506, 258
252, 251
660, 956
39 773. 899
181,099
68, 850
135, 232
171,387
29, 664
507,017
Total deductions 2'
3, 663, 455
3, 230, 628
10 2, 736, 171
2,312,514
2, 385, 187
1, 867, 148
Net income or deflcit..-
13, 604, 996
17 1, 936, 878
10 11,655,909
1' 1, 480, 922
11,008,638
■'1,141,331
For footnotes, see pp. 74-75.
68
STATISTICS OF INCOME, PART 1
Individual returns with net income, including returns of estates and trusts, 1916-1939,
and individual returns with no net income, 1928-1939: sources ofi income, deduc-
tions, and net income or deficit ^ ^ ^^ — Continued
[Thousands of dollars]
1934
1935
1936
Distribution
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net incom^
Income: 2«
Salaries, wages, commis-
sions, etc.2i
Business profit
Partnership profit "
Net capital gain 3' .
8, 600, 455
1, 716, 842
631,915
211,319
509, 844
1,965,670
288, 730
38, 044
909, 231
220, 910
80, 415
30, 808
12, 137
17, 746
59, 225
75, 078
8,552
2,224
45, 235
12, 635
9, 900, 578
1,855,019
739, 822
509, 714
572, 060
2, 234, 727
328, 978
43, 820
900, 501
231, 286
71,670
25, 688
9,514
20, 409
51,121
53, 608
6,874
2,319
32, 985
14, 465
11,661,274
2, 374, 258
1, 022, 288
973, 796
685,063
3, 173, 844
826, 184
43, 627
887, 684
240, 357
57,036
22, 729
9,450
22, 497
42, 091
Dividends received "
Income from fiduciaries 2<_.
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations "
Other taxable interest
Other income 26..
54, 156
8,738
1,322
22,017
8,493
Total income
15, 092, 960
344, 055
17, 316, 505
288, 653
21, 888, 373
248, 530
Deductions: 2"
Business loss
63, 885
29, 004
183, 762
517, 217
541, 191
272, 822
688, 277
130, 522
42, 943
27, 274
88, 538
64, 143
6,994
396, 499
67, 453
23, 876
145,728
503, 730
596, 559
305, 155
764, 191
116,068
35, 601
21,616
67, 924
48, 415
4,998
375, 384
79, 520
21,307
129, 704
544, 869
698, 609
385, 838
788, 416
90,070
Partnership loss 22.
Net capital Joss''
Interest paid 3o
28,190
14, 845
48, 189
Taxes paid 3"
38, 850
Contributions 2'
Other deductions 2'.
3,753
311,263
Total deductions 28
2, 296, 158
756, 914
2, 406, 693
670, 006
2, 648, 263
535, 161
Net income or deficit
12, 796, 802
"412,859
14, 909, 812
I' 381, 353
19, 240, 110
"286,632
For footnotes, see pp. 74-75.
STATISTICS OF INCOME, PART 1
69
Individual returns with net income, including returns of estates and trusts, 1916-1939,
and individual returns with no net income, 1928-1939: sources of income, deduc-
tions, and net income or deficit ' ^ is — Continued
[Thousands of dollars]
1937
1938
1939
Distribution
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net income
Individual
returns
with no
net income
Individual,
estate, and
trust re-
turns with
net incomi'
Individual
returns
with no
net income
Income: 20
Salaries, wages, commis-
14, 148, 510
2, 493, 426
1, 139, 301
} 434, 114
57, 386
23, 421
10, 885
16, 947
13, 240, 991
2. 349, 344
1, 053, 673
f 152, 108
\ 324, 795
22,607
769, 687
2, 372, 459
646, 258
46, 065
844, 443
233, 019
65, 825
25, 954
13, 533
7,781
6,443
1,526
41, 601
89, 424
19,291
2,373
32, 034
12, 983
16, 440, 923
2, 698, 217
1, 246, 633
168, 397
229, 458
28, 504
812,447
2,801,988
710, 462
51,740
864, 095
337, 785
49, 677
Business profit
13, 693
Partnership profit 22._ _
Net capital gain: si
Sliort-term .
10, 385
6,152
6,301
Net gain from sale ol prop-
erty other than capital
1,607
Rents and royalties
Dividends received -^
Income from fiduciaries 24..
Taxable interest on par-
tially tax-exempt Gov-
ernment obligations 23
Other taxable interest
Other income 29
758, 444
3, 514, 293
830. 772
47, 955
862, 349
. 224, 935
40,146
60,440
10,295
1,563
21,343
7,968
34, 218
63, 093
12, 985
1,698
22, 148
6,733
Total income.- .
24, 454, 099
250, 394
22, 055, 449
318, 769
26, 390, 649
228, 690
Deductions: 20
Business loss -
97, 940
29,011
264, 192
124, 159
40, 034
28, 695
99, 263
30, 662
142, 717
37, 800
100, 895
28, 385
122,076
Partnership loss 22
28, 396
Net long-term capital loss s'
395, 779
21, 805
509, 093
816, 381
407, 419
(38)
(38)
877, 674
192, 220
21,427
48, 049
44, 779
6.560
^38)
(38)
179, 374
316,915
27, 349
548, 877
882, 390
494, 789
2718,635
27 81,887
698, 657
151,049
Net loss from sale of prop-
erty other than capital
27,755
Interest paid 30
560, 997
837, 272
440, 010
(38)
(38)
44, 601
37,618
4,919
(38)
(■38)
33, 804
Taxes paid so
34, 196
Contributions 27
4,112
Losses from fire, storm, etc.".
Bad debts"
7, 593
45, 107
Other deductions 28
986,103 1 278,886
58, 927
Total deductions 2'
3,215,525
558, 912
3,168,076
672, 925
3, 198, 778
513, 016
Net income or deficit
21, 238, 574
1' 308, 518
18,897,374
" 354, 156
23,191,871
17 284, 327
For footnotes, see pp. 74-76.
70
STATISTICS OF INCOME, PART 1
Individ^ial returns with net income of $5,000 and over, including returns of estates
and trusts, 1916-1939: sources of income, deductions, and net income i -
[Money figures in thousands of dollars]
Distribution
1916
1917
1918
1919
1920
1921
Number of returns
41 272, 252
1, 398, 329
33 2, 386, 905
(34)
(34)
(34)
516, 742
2, 098, 428
365, 326
(37)
627, 943
432, 662
1, 794, 790
1, 062, 772
581, 708
[ 217, 929
340, 868
2, 648, 155
(35)
(35)
822, 480
478, 962
2, 103, 819
1. 148, 297
913, 853
187, 406
386, 474
2,133,209
(36)
(36)
799, 186
657, 659
2, 948, 006
1, 743, 800
1, 426, 072
677,284
445, 701
2, 128, 291
(36)
62, 571
876, 687
681, 562
3, 367, 516
1, 398, 069
1, 261, 899
623, 993
451, 878
2,363,880
(36)
60, 432
847, 894
525, 606
Income: 20
Salaries, wages, commis-
2, 831, 520
Business profit - -
816, 040
Partnership profit "
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from sale
of assets held more than
2years
Capital net gain from sale
of assets held more than
2 years - - -
903, 571
254. 45fi
Rents and royalties
Dividends received 23
Income from fiduciaries 2<__.
Taxable interest on partial-
ly tax-exempt Govern-
ment obhgations 25
Interest and other income ^6
420, 932
1,915.138
(36)
40, 281
732, 697
Total income . . - -
7,393,672
7, 468, 702
7,672,243
10,308,411
10, 375, 561
7, 914, 635
Deductions: 20
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 - _ _ - .
(33)
(38)
(39)
(38)
(38)
(39)
1, 719, 764
(38)
(39)
(39)
(38)
(38)
186, 907
271, 391
(39)
(39)
(38)
(38)
(38)
(38)
1,142,003
(39)
(39)
(39)
(38)
(38)
(38)
1, 598, 583
(39)
(38)
(38)
(39)
(39)
(42)
1, 914, 150
(39)
(39)
(38)
(38)
Taxes paid ....
(38)
Contributions 2"
(38)
Other deductions 2'
1, 552, 857
Total deductions 23
1, 719, 764
458, 297
1,142,003
1, 598, 583
1,914,150
1, 552, 857
5, 673, 909
7, 010, 404
6, 530, 241
8, 709, 828
8,461,412
6, 361, 778
For footnotes, see pp. 74-75.
STATISTICS OF INCOME, PART 1
71
Individual returns with net income of $5,000 and over, including returns of estates
and trusts, 1916-1939: sources of income, deductions, and net income ' ^ — Continued
[Money figures in thousands of dollars]
Distribution
1922
192310
1924
1925
1926
1927
Number of returns . . - . .
594, 211
625, 897
697, 138
830, 670
894, 868
913 597
Income: 2"
Salaries, wages, commis-
sions, etc.^' ...
2, 933, 454
1, 012, 440
918, 183
490. 794
249, 248
482, 189
2, 173, 499
197, 189
30, 962
} 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, 03.3, 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
Business profit
Partnership profit 23. _.
Profit from sale of real
estate, stocks, bonds,
etc., other than taxed as
capital net gain from sale
of assets held more than
2years
Capital net gain from sale
of assets held more than
2 years ^s _ .
1, 354, 422
1, 511, 859
1, 081, 186
644, 302
3, 761, 910
329, 351
47, 479
f 1, 115, 925
1 185, 099
Kentsand royalties
Dividends received 23
Income from fiduciaries 2«_ __
Taxable interest on partial-
ly tax-exempt Govern-
ment obligations "
Other taxable interest
Other income ^6
Total income
9, 338, 893
9, 918, 886
11,410,761
14, 827, 127
15, 367, 957
16, 259, 984
Deductions: 'o
Xet 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 so
Taxes paid 3»
Contributions 27
Other deductions 28
(38)
} (.'')
} (39)
211,863
1, 323, 007
(38)
(38)
(38)
238, 378
1, 391, 835
(38)
(38)
(38)
254, 072
1, 405, 532
(38)
(38)
(38)
293, 401
1, 756, 030
122, 409
(38)
(38)
326, 511
1, 691, 377
136, 482
(38)
r (33)
I 440, 974
353, 188
1, 265, 148
Total deductions 's
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 pp. 74-75.
72
STATISTICS OF INCOME, PART 1
Individual returns with net income of $5,000 and over, including returns of estates
andtrusts, 1916-1939: sources of income, deductions, and net income^ 2_CQj^i(-iji,^,P(j
[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-
5, 008, 286
1, 772, 255
1, 583, 322
2, 700, 557
1, 879, 780
637, 371
4,009,915
364, 889
40, 553
1, 230, 178
196, 111
5, 179, 041
1,836,329
1, 497, 922
2,044,058
2, 346, 704
649, 124
4,247,031
422, 076
40, 184
1, 257, 590
190, 110
4, 407, 606
1,215,452
786, 931
527, 653
556, 392
479,401
3, 708, 656
338, 400
38, 134
1,018,001
130, 191
3, 320, 028
706, 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
Business profit
Partnership profit "
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
401,931
308 711
Capital net gain from sale
of assets held more than
2 years ".,
133, 616
Rents and royalties
Dividends received ^3
Income from fiduciaries 24_ _
Taxable interest on partial-
ly tax-exempt Govern-
ment obligations 25_
Other taxable interest
Other income ^6
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:2o
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 30
129, 865
} (38)
866,058
475,422
390, 923
604, 987
632, 693
886, 187
479, 100
384, 458
631, 836
947, 121
105, 219
574, 630
407, 996
286,218
364,544
813, 503
72, 125
373, 603
294, 165
202, 979
313, 573
174, 627
46, 972
250,844
230, 543
139, 846
283, 046
152, 959
f 26, 792
\ 15, 597
208,311
Taxes paid 3«
Contributions 2' _.
200, 078
111,219
Other deductions ^s
245, 065
Total deductions 2s
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
For footnotes, see pp. 74-75.
STATISTICS OF INCOME, PART 1
73
Individual returns with net income of $5,000 and over, including returns of estates
and trusts, 1916-1939: sources of income, deductions, and net income"^ ^—Qoniinxicd
[Money figures in thousands of dollars]
Distribution
1934
1935
1930
1937
1938
1939
Number of returns -.
422,647
500, 115
677,011
705,033
592,446
693, 590
Income: 20
Salaries, wages, commis-
sions, etc. 2'
2, 300, 256
568, 689
438,066
} 160,218
2,708.879
687,467
531, 620
399, 918
3, 493, 623
1,021,608
791,010
806, 916
3, 819, 979
1,062.875
827,058
325, 270
3, 309, 286
856. 740
702, 317
/ 101,822
\ 282, 712
9,953
298. 349
1,662,511
503, 905
46,065
350,031
80.427
3,714,025
1 071 024
Business profit -. _.
Partnership profit "
Net capital gain: si
Short-term
860,453
115, 284
Long-term
Net gain from sale of prop-
erty other than capital
assets 32
180,434
13,421
Rents and royalties
Dividends received 23
Income from fiduciaries 2<__
Taxable interest on partial-
ly tax-exempt Govern-
ment obligations ^5
Other taxable interest
Other income 26
165, 786
1,585,042
203, 854
38,044
463, 480
99, 226
198, 210
1,814,184
232, 324
43,820
448. 022
123, 234
271, 556
2, 583, 888
691,024
43, 627
445, 355
108, 784
324,869
2, 780, 529
703,920
47, 955
431, 923
91,931
323, 491
2, 030, 020
591, 112
51, 740
367,806
76, 672
Total income
6, 012, 662
7, 187, 678
10, 257, 390
10,416,309
8, 204, 120
9, 395, 482
Deductions:2o
Business loss_
Partnership loss "
Net capitalloss 31 . _ __ .._
29, 753
15, 178
90, 968
33, 713
13, 113
68, 981
45, 125
12, 551
62,828
54, 680
16. 535
139,832
48, 185
15, 377
49, 816
16, 203
Net long-term capital loss si-
246, 213
9,503
209, 986
381, 403
177, 207
(38)
(38)
318,057
195, 107
Net loss from sale of prop-
erty other than capital
assets 32
11,858
222, 578
Interest paid so
231, 267
232. 490
129, 650
(33)
282, 591
240, 731
267, 571
148, 180
(3-)
(3S)
319, 993
285, 260
353, 986
202, 147
(38)
(38)
400,864
265, 243
431, 620
218, 614
(38)
[(38)
473, 724
Taxes paid s"
392, 102
Contributions 2'
.Losses from fire.stormjetc.*".
Bad debts «»_..
Other deductions '^
210,003
2' 8, 797
27 51,380
263, 446
Total deductions '»-
1, Oil, 898
1,092,283
1, 362, 762
1, 600, 248
1,405,932
1,421,289
Net income
5,000,764
6,095,394
8,894,628
8, 816, 061
6, 798, 188
7,974,192
For footnotes, see pp. 74-75.
74
STATISTICS OF mCOME, PART 1
Footnotes for historical summaries, pages 67-73.
(Facsimiles of Forms 1040A, 1040, and 1041 for 1939, to which references are made, appear on pages 316-333).
• Changes in the provisions of the Federal tax laws
affecting the comparability of statistical data from
income tax returns of individuals, including returns
for estates and trusts, are summarized on pages
298-307.
2 Data for years prior to 1916 in tables on pages
67-58 secured from annual reports of the Commis-
sioner of Internal Revenue. Information for 1916
through 1936 tabulated from Forms 1040 and 1040A
filed for individuals and for estates and trusts. In-
formation for 1937 through 1939 tabulated from
Forms 1040 and 1040A filed for individuals, taxable
Forms 1041 filed for estates and trusts, and Forms
1040 incorrectly filed for estates and trusts (except
that for 1938 and 1939 there is excluded information on
nontaxable Forms 1040 with net Income, incorrectly
filed for estates and trusts).
3 Data are not available prior to 1928. For 1937
through 1939 includes returns with zero net income
(total income equals total deductions).
< For 1913 through 1915 net income is estimated
from the number of returns filed and the average net
income for each net income class. On returns for
estates and trusts net income is after deduction of
amount distributable to beneficiaries.
« Taxes for 1913 through 1915 are receipts for fiscal
year ended June 30, immediately following, as shown
in annual reports of the Commissioner of Internal
Revenue, which receipts include fines, penalties,
additional assessments, etc. Tax for 1916 and sub-
sequent years is tax liability reported on returns.
6 The alternative tax is imposed on 1938 and 1939
returns with net long-term capital gain if such alter-
native tax is less than the sum of the normal tax and
surtax computed on net income including net long-
term capital gain. The alternative tax is imposed on
returns with net long-term capital loss if such alter-
native tax is greater than the sum of the normal tax
and surtax computed on net income after deducting
net long-term capital loss.
' For limit of credit, see page 306.
' Returns for 1913 pertain to last 10 months of that
year.
« Includes war excess-profits taxes of .$101,249,781 on
individuals and $103,887,984 on partnerships.
1" Revised.
1920: For revised amounts of certain sources of
Income for returns with net income under $5,000,
see Statistics of Income for 1935, Part 1, page 42,
note 4.
1923: For revised amount of net income, see
Statistics of Income for 1925, pages 28-29.
1929: For revised amounts of sources of income
and deductions for returns with net income
under $5,000, see Statistics of Income for 1934,
Part 1, paee 31, note 18.
19S0: For revised amounts of other income,
total income, contributions, other deductions,
and total deductions for returns with net income
under $5,000, see Statistics of Income for 1937,
Part 1, page 47, note 25.
19S2: For revised amounts of other deductions,
total deductions, and net income for returns with
net income under $5,000, see Statistics of Income
for 1935, Part 1, page 31, note 6.
» Amounts are before 25 percent reduction pro-
vided by sec. 1200(a), Revenue Act of 1924.
12 The amount of the 25 percent reduction provided
by sec. 1200(a), Revenue Act of 1924.
" Amount after deduction of 25 percent reduction
provided by see. 1200(a), Revenue Act of 1924.
"< For 1938, includes alternative tax of $615,251 re-
ported on 26 individual returns with no net income.
For 1939, includes alternative tax of $300,138 reported
on 17 individual returns with no net income.
" For returns with net income under $5,000, the
distribution of the number of returns by net income
classes (table on pages 58-60), the amount and dis-
tribution of net income or deficit and tax by net
income classes (tables on pages 60-63), and the
sources of income and deductions (table on pages
64-69) are estimated on the basis of sample for 1918
through 1927 and for 1920; and partly estimated and
partly tabulated for 1917, 1928, 1930,'and subsequent
years. In the table on the lower half of page 58 the
number of returns for 1913 is omitted, as it pertains
only to the last 10 months of the year.
'9 Excludes 7,635 returns of married women making
separate returns from husbands. For 1916 the net
income on returns filed separately by husband and
wife is combined and the total appears on one return.
For all other years the returns of married women
filed separately are included in their individual in-
come classes independently of the husband's income.
'' Deficit.
" The alternative tax reported on 26 returns for
193S and 17 returns for 1939 with net long-term cap-
ital loss on which the tax. computed on net income
before the deduction of net long-term capital loss,
exceeds 30 percent of the net long-term capital loss.
"• Excludes data for 1,640,758 returns with net in-
come under $2,000 and aggregate net income of
$2,461,137,000.
20 For 1916, income from the various sources repre-
sents gross receipts, the deductions not having been
allocated to the various sources but included in ag-
gregate under "Deductions." Beginning with 1917,
income from the various sources represents the net
amount by which the gross receipts exceed deduc-
tions, as reported in the schedules on the return.
Net losses reported under "Income" items on the
face of the return are transferred in tabulation to
deductions, and are included with the amounts
reported under specified or other deductions.
" Reported on returns for individuals. Beginning
1924, excludes wages and salaries of the individual,
his wife, or dependent minors derived from business
conducted as a sole proprietor. Prior to 1924 such
wages and salaries were reported as income under
"Wages and salaries." For 1916 through 1926, in-
cludes taxpayer's earned income from partnership.
For 1916, includes "Professions and vocations."
" Certain income from partnerships is included in
other sources (see notes 23, 25, and 29). Beginning
1936, amount includes all dividends received by part-
nerships. Prior to 1936, dividends received by
partnerships on stock of domestic corporations sub-
ject 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, ex-
cept 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. For 1934 through 1937, amount in-
cludes net capital gain or loss from sale of capital
assets by partnerships (see note 31). For 1918
through 1921, amount includes income from fidu-
ciaries, and income from personal service corpora-
tions as defined in the Revenue Acts of 1918 and 1921
(except certain amounts included in other sources,
see notes 23 and 25). The amount of partnership
profit for 1916 was tabulated with business.
23 Beginning 1936, amount includes dividends on
stock of both domestic and foreign corporations, ex-
cepting dividends received by partnerships and
fiduciaries. Prior to 1936, amount includes divi-
dends on stock of domestic corporations subject to
taxation under Title I of the effective revenue laws
and until 1934, the dividends received on stock of
foreign corporations deriving more than half their
(Footnotes continued on p. 75)
STATISTICS OF INCOME^ PART 1
75
Footnotes for historical summaries, pages 57-73— Continued
gross income from sources within the United States,
wnethcr 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.
" Certain income from fiduciaries is included in
other sources (see notes 23, 25, and 29). Beginning
193G, amount includes all dividends received by
fiduciaries. Prior to 1936, dividends received by
fiduciaries on stock of dome.':tic corporations subject
to taxation under Title I of the efTective 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 ellective rev-
enue laws, were left in income from fiduciaries. For
1934 through 1937, amount includes net capital gain
or loss from sale of capital assets received from an
estate or trust (see note 31). For 1917, income from
fiduciaries is included in "Interest and other in-
come"; for 1918through 1921, in "Partnership profit."
25 Includes interest on such obligations held
directly by individuals, estates, or trusts, or such
interest received through partnerships and fidu-
ciaries; also such interest through personal service
corporations, 1919 through 1921. In 1917 and 1918,
amount included in "Interest and other income."
2« Beginning 1936, amount excludes dividends re-
ceived 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 in-
cluded 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. For
1917, includes income from fiduciaries.
2' Reported on individual returns.
28 For returns with net income, includes distribu-
tions to beneficiaries on estates and trusts, Forms
1040, 1040A, and 1041.
2« Capital net gain received by individuals, estates,
or trusts direct or through partnerships or fiduciaries
was taxed at special rate, 1922 through 1933.
'" Excludes amounts reported in schedules for bus-
iness or profession and rents and royalties. A his-
torical summary of taxes paid for the years 1927
through 1932 and of interest paid for the years 1928
through 1932, for returns with net income of $5,000
and over, showing separately the amount reported in
deductions from total income and in business deduc-
tions, is found in Statistics of Income for 1932, table
8-A, p. 80.
31 Net capital gain or loss on sale of capital assets
(regardless of time held) by individuals, estates, and
trusts, after certain limitations are applied. For
1934 through 1937, excludes net capital gain or loss on
sale of capital assets by partnerships or fiduciaries,
which amounts are included in profit (or lo-ss) from
partnerships or income from fiduciary. For 1938 and
1939, short-term net capital gain consists of gain on
capital assets held 18 months or less, and long-term
net capital gain or loss consists of gain or loss on
capital assets held over 18 months (short-term net
capital loss is not deductible in current year). For
1939, short-term net capital gain is after deduction of
prior year net short-term capital loss.
32 For 1938 and 1939, gain or loss from property used
in trade or business of a character which is subject to
the allowance for depreciation and excluded from
capital assets.
33 For 1916, includes partnership profit and profit
from sale of all stocks, bonds, etc., but excludes in-
come from "Professions and vocations."
3^ All profit from sale of real estate, stocks, bonds,
etc., and profit from partnership included in bus-
iness for 1916.
35 Included in "Interest and other income."
3« Included in "Partnership profit."
3' Such obligations were issued after Sept. 1, 1917.
'8 Included in "Other deductions."
" Includes capital net loss from sale of assets held
more than 2 years.
4" Excludes amounts reported in schedule for bus-
iness deductions. Losses from fire, storm, ship-
wreck, or other casualty, or from theft, are those
not compensated for by insurance or otherwise.
<' 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. Included in
"Other deductions."
4.37826 — 42-
76 STATISTICS OF INCOME, PART 1
HISTORICAL DATA IN SOURCE BOOK
The Source Book is a comprehensive compilation of data tabulated
from individual income tax returns for 1927-1938, inclusive, and from
corporation income tax returns for 1926-1938, inclusive. These data
are supplementary to the published volumes, "Statistics of Income."
It is planned to add to the Source Book the information from the 1939
returns.
The following data in the Source Book for individual income tax
returns are cross-classified by States and Territories, by taxable and
nontaxable returns, and by net income classes: The sources of income
and deductions (as published for each year in the Statistics of Income),
total income, total deductions, net income, personal exemption and
credit for dependents (combined for 1927-1932 and shown separately
for 1933-1938), earned income credit for 1934-1938, net loss for prior
year for 1927-1932, normal tax, surtax, 12^ percent tax on capital net
gain for 1927-1933, 12}4 percent tax credit for capital net loss for 1927-
1933, tax credit for earned income for 1927-1931, alternative tax for
1938, and total tax. The number of returns with net income and net
income for 1927-1938, personal exemption for 1937-1938, and credit
for dependents for 1937-1938 are cross-classified by States and Terri-
tories, by taxable and nontaxable returns, by net income classes, and
by sex and family relationship. The items "Amount owned" and
"Interest received" which are reported for each type of wholly and
partially tax-exempt Government obligations on returns with net
income of $5,000 and over for 1932-1938, inclusive, are cross-classified
by States and Territories and by net income classes.
The Source Book is maintained in the Statistical Section, Income
Tax Unit, Bureau of Internal Revenue, and is available for research
purposes to officials of the Federal and State Governments and to
qualified students representing accredited organizations. To obtain
data from the Source Book, written permission must be secured from
the Commissioner of Internal Revenue.
BASIC TABLES
Tables showing information from individual income tax returns and
fiduciary income tax returns in greater detail than in the preceding
text are continued in the following pages.
BASIC TABLES 1-9 A
INDIVIDUAL INCOME TAX RETURNS WITH NET
INCOME AND WITH NO NET INCOME. AND
TAXABLE FIDUCIARY INCOME TAX
RETURNS WITH NET INCOME
77
78
STATISTICS OF INCOME, PART 1
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79
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STATISTICS OF IKCO]SIE, PART 1
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81
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82
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
for de-pendents, earned income credit, tax, average tax, and effective' tax rate; and for
[For text defining certain items and describing methods
PART I— ALL
Net income ' classes
(Thousands of dollars)
(1)
Number
of
returns
(3)
Net income '
(3)
Personal
exemption *
(4)
Credit for
dependents
(individual
returns)
(5)
Earned in-
come credit
(individual
returns)
(6)
Individual returns and tax-
able fiduciary returns ^
with net income:
Under 1 (est.')" --
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 ».- --
5 under 6
6 under 7
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12 -
12 under 13...
13 under 14_
14 under 15
15 under 20
20 under 25
25 under 30..
30 under 40
40 under 50,.
sounder 60-
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150...
150 under 200
200 under 250
250 under 300 ....
300 under 400-
400 under 500
500 under 750...
750 under 1,000
1,000 under 1,500 -
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
321,315
52, 908
1, 448, 943
1, 587, 501
554, 562
325, 990
907, 172
272,816
422, 584
622, 579
18, 655
404, 584
671
193, 542
120, 494
77, 180
53, 034
39, 777
30, 128
23, 944
19, 279
15, 798
13, 188
40, 998
21,372
12, 198
13,203
6,591
3,731
2,303
1,531
983
724
1,618
548
241
146
131
81
84
27
25
6
10
4
$229,
24,
1,973,
2, 354,
1, 260,
721,
2, 458,
760,
1, 382,
2, 167,
79,
1, 804,
3,
1,056,
778,
575,
449,
376,
315,
274,
240,
213,
191,
704,
476,
333,
453,
293,
203,
149,
11.3,
83,
68,
193,
94,
.53,
39,
45,
36,
50,
23,
31,
10,
25,
14,
860. 134
051,165
286, 008
564, 442
810, 883
704, 361
624, 773
559, 385
404, 204
454, 028
369, 286
990, 182
570, 347
946,117
606, 961
950, 848
404, 315
920, 292
699, 282
938, 426
652, 139
047, 092
038, 015
950, 360
402, 618
004, 486
622, 729
344,614
433, 869
022, 525
892, 032
021,641
427, 774
959, 199
295, 756
315, 785
870, 822
043, 757
343, 668
286, 993
803, 485
088, 437
367, 282
825, 832
088, 729
$472,
3,
2, 566,
1, 565,
1, 372,
326,
2, 266,
448,
1, 056,
1,316,
46,
879,
1,
423,
261,
165,
112,
83,
62,
49,
39,
32,
27,
83,
43,
24,
26,
12,
7,
4,
2,
1,
1.
3,
1,
693, 372
685, 048
268, 661
334, 789
871, 941
735, 022
742, 021
517, 808
576, 765
936, 725
684, 474
636, 784
685, 208
907, 679
251, 723
564, 789
075, 163
633, 283
708, 139
527, 438
860, 459
725, 286
265, 189
672, 226
112,378
215, 784
023, 557
914, 935
300. 263
550. 969
961,113
907, 981
365, 470
054, 409
037, 050
465, 675
257, 692
246, 000
162,500
165, 075
48, 100
49, 100
13, 500
19, 500
10, 000
$28, 410, 233
132, 941
277, 778, 694
18, 899, 384
139,475,158
15, 370, 672
366, 254. 044
8, 988, 936
362, 894, 625
92,134,235
30, 454, 172
127, 166, 661
1,607,372
80, 237, 905
51,151,585
33, 950, 789
22, 487, 596
16, 826, 951
12, 478, 597
9, 747, 642
7, 889, 333
6,541,719
5, 320, 947
16, 578, 643
8,461,903
4,714,337
5, 087, 563
2, 455, 425
1,365,774
867, 963
592, 201
331, 632
215, 199
536, 791
149, 899
83,317
33, 194
36, 610
26, 032
20, 933
9,200
6,667
3,200
2,600
$10, 754, 859
1, 330, 271
147, 730, 307
233, 634, 313
76, 423, 483
71, 387, 261
204, 815, 204
75,358,182
112,827,762
206, 418, 536
6, 269, 241
161,765,241
248, 604
89, 678, 226
62, 300, 864
43, 908, 688
32, 779, 606
26, 658, 764
21, 546, 424
18, 229, 655
15, 560, 738
13, 559, 490
11,768,003
36,901,052
19, 543, 101
11,260,787
12,351,621
0, 307, 777
3, 615, 069
2, 250, 836
1,459,019
940, 080
686, 205
1,509,099
475, 179
224, 346
110,554
109, 291
58, 436
59, 172
19, 783
17,255
4,702
10, 700
2,300
Nontaxable returns ".
Taxable returns
3, 673, 902
3, 959, 297
7, 387, 925, 635
15, 803, 945, 443
7, 783, 522, 442
6, 012, 918, 661
1, 200, 874, 898
550, 905, 030
559, 069, 460
1, 183, 806. 626
Total, individual re-
turns and taxable
fiduciary returns
with net income
Individual returns with no
net income:
Nontaxable * - -
Taxable •
7, 633, 199
23.191,871,078
13,796,441,103
1, 757, 779, 934
1,742,876,
82, 444
17
12 283, 198, 554
"2 1,128,007
(><)
30, 500
(•')
2,000
10, 708
Total, individual re-
turns with no net
income..
82, 461
12 284. 326, 621
(•*)
(14)
Grand total.
7, 715, 660
13 22, 907, 544. 457
(■*)
('*)
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
83
net income classes, also aggregate for individual returns with no net income (excluding
with alternative tax: number of returns, net income, personal exemption, credit
returns with alternative tax, computation of the alternative tax
of tabulating and estimating data, see pp. 2-6 and 12-13
RETURNS
Tax
Total tax
(col. 8+11)
(7)
Returns with no alternative tax »
Total
(col. 9+10)
(8)
Normal tax
(9)
Surtax
(10)
Returns with
alternative
tax 10
(11)
Average total
tax (col. 7-^2)
(13)
Effective
tax rate,
percent
(returns
with net
income)
(col. 7^3)
(13)
$744, 444
$744, 444
"2i,'422, 224
$744, 444
'2i,'422,'224
"i2,'294,"265
21, 422, 224
12, 297, 649
12, 294, 265
$3, 284
9, 076, 949
'2i,'97i,23i
9, 076, 949
9, 076, 949
"2i,'966,"737'
21, 966, 737
"25,'452,"5i6'
4,494
25, 452, 516
25, 326, 398
$126, 118
19, 068, 722
17, 597, 544
16, 205, 723
15, 503, 588
15, 054, 123
14, 203, 371
13, 691, 285
12, 899, 693
12, 228, 741
11,688,292
50, 339, 593
43, 105, 044
36, 919, 529
61, 546, 149
48, 471, 501
39, 619, 859
33, 327, 375
28, 824, 989
23, 535, 853
21, 377, 867
71, 970, 490
41, 797, 150
25,643,111
20, 793, 538
23, 582, 693
20, 653, 888
29, 346, 037
15, 252, 017
20, 563, 408
5,812,056
18, 507, 131
8, 298, 658
19, 067, 332
17, 597, 544
16, 203, 016
15, 503, 588
15, 045, 381
14, 202, 824
13, 634, 224
12, 899, 693
12, 220, 846
11,685,629
50, 278, 991
42, 986, 793
36, 661, 542
60, 598, 806
39, 705, 204
19, 927, 695
14, 901. 161
12, 526, 543
9, 275, 663
8, 229, 051
21, 899, 910
9, 479, 829
6, 272, 865
5, 268, 660
5, 807, 038
3, 701, 076
3, 836, 722
3, 169, 259
2, 098, 209
4, 220, 095
18, 385, 021
16, 021, 855
13, 187, 078
11,178,767
9, 894, 592
8, 673, 607
7, 825, 173
7, C22, 592
6, 341, 144
5, 807, 748
22, 484, 821
16, 036, 696
11, 558, 884
16, 078, 361
8, 972, 836
3, 892, 320
2, 549, 182
1, 900, 601
1,261,878
1,015,264
2, 273, 982
825, 715
497, 163
395, 375
407, 007
247, 136
241, 160
187,412
122, 758
227, 488
682, 311
1, 575, 689
3, 015, 938
4, 324, 821
5, 150, 789
5, 529, 217
5, 809, 051
5, 877, 101
5, 879, 702
5, 877, 881
27, 794, 170
26, 950, 097
25, 102, 658
44, 520, 445
30, 732, 368
16, 035, 375
12, 351, 979
10, 625, 942
8, 013, 785
7, 213, 787
19, 625, 928
8,654,114
5, 775, 702
4, 873, 285
5, 400, 031
3, 453, 940
3, 595, 562
2,981,847
1, 975, 451
1,390
"2," 707'
8,742
547
57, 061
3, 992, 607
7,895
2,663
60, 602
118, 251
257, 987
947, 343
8, 766, 297
19, 692, 164
18, 426, 214
16, 298, 446
14, 260, 190
13, 148, 816
50, 070, 580
32, 317, 321
19, 370, 246
15, 524, 878
17, 775, 655
16, 952, 812
25, 509, 315
12,082,758
18, 465, 199
5, 812, 056
14, 287, 036
8, 298, 658
146
210
292
378
471
572
669
774
886
1,228
2,017
3,027
4, 662
7,354
10, 619
14, 471
18, 828
23, 943
29, 527
44, 481
76, 272
106, 403
142, 421
180, 021
254, 986
349, 358
564, 890
822, 536
968, 676
1, 850, 713
2, 074, 665
928, 393, 931
599, 862, 324
286, 344, 633
313,517,691
328, 531, 607
928, 393, 931
599, 862, 324
286, 344, 633
313, 517, 691
328,531,607
122
300, 138
300, 138
17, 655
300, 138
300, 138
(U)
928, 694, 069
599, 862, 324
286, 344, 633
313, 517, 691
328,831,745
(16)
84
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
PAET II— EETURNS WITH
Net income ' classes
(Thousands of dollars)
(1)
Number of
returns
(3)
Net income '
(3)
Personal
exemption s
(4)
Credit for
dependents
(individual
returns)
(5)
Earned income
credit (individ-
ual returns)
(6)
Individual returns and tax-
able fiduciary returns ^
with net income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 "
5 under 6
6 under 7
7 under 8
Sunder 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15., _
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50-_
50 under 60
60 under 70
70 under 80
80 under 90.,.
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000...
4,000 imder 5,000
5,000 and over
321,315
52, 908
1,448,943
1, 587, 501
554, 562
325, 989
907, 172
272,816
422, 584
622, 578
18, 655
404, 584
671
193, 541
120, 494
77, 179
S3, 034
39, 775
30, 127
23, 941
19, 279
15, 795
13, 187
40, 990
21, 348
12, 162
13, 083
5,552
1,921
1,046
672
392
278
496
123
58
37
29
14
10
5
3
$229,
24,
1,973,
2, 354,
1, 260,
721,
2, 458,
760,
1,382,
2, 167,
79,
1, 804,
3,
1,056,
778,
575,
449,
376,
315,
274,
240,
213,
191,
704,
475,
332,
449,
244,
104,
67,
50,
33,
26,
58,
21,
12,
9,
10,
6,
6,
3, 079,
$472,
3,
2, 566,
1, 565,
1, 372,
326,
2, 266,
448,
1,056,
1,316,
46,
879,
1,
423,
261,
165,
112,
83,
62,
49,
39,
32,
27,
83,
43,
24,
25,
11,
3,
2,
1^
$28, 410, 233
132,941
277, 778, 694
18, 899, 384
139, 475, 158
1.5,370,672
366, 254, 644
8, 988, 936
362, 894, 625
92, 134, 235
30,454,172
127, 166, 661
1,607,372
80, 237, 905
51,151,585
33, 949, 989
22, 487, 596
16,826,218
12, 478, 597
9, 747, 642
7, 889, 333
6, 541, 719
5, 320, 947
16, 576, 643
8, 456, 436
4, 704, 238
,5,051,296
2, 208, 856
7.57, 277
393, 925
279, 451
139, 033
86, 465
172,767
47, 733
25, 233
8,661
9,910
2, 166
300
1,600
1,200
5, 693, 759
3,750
$10,754,859
1, 330, 271
147,730,307
233, 634, 313
76, 423, 483
71,385,861
204,815,204
75, 358, 182
112,827,762
206, 418, 189
6, 269, 241
161,765,241
248, 604
89, 677, 719
62, 300, 864
43, 908, 388
32, 779, 606
26, 657, 500
21,545,361
18, 227, 055
15,560,738
13, 557, 508
11,767,703
36, 893, 559
19, 526, 508
11,234,442
12,266,590
.5,411,110
1,960,207
1,105,746
668, 689
393, 125
279, 806
485, 861
112,382
53, 020
31,672
22, 363
11,600
6,000
4,500
2,900
2,800
Nontaxable returns " . ,
Taxable returns
3, 673, 902
3, 950, 949
7, 387, 925, 635
14, 933. 267, 289
7, 783, 522, 442
5, 997, 021, 905
1, 206, 874, 898
548, 247, 550
559, 069, 460
1, 176, 347, 379
Total, individual re-
turns and taxable
fiduciary returns
with net income
Individual nontaxable re-
turns with no net income '.
Grand total
7, 624, 851
82, 444
22, 321, 192, 924
12 283, 198, 554
13, 780. 544, 347
(")
1, 755, 122, 448
(14)
1,735,416,839
7, 707, 295
13 22, 037, 994, 370
CO
(")
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
85
net income classes, also aggregate for individual returns with no net income (excluding
with alternative tax: number of returns, net income, personal exemption, credit
returns with alternative tax, computation of the alternative tax — Continued
NO ALTERNATIVE TAX «
Tax
Average
total tax
(col. 7^2)
(13)
Effective
tax rate,
Total tax
(col. 9+11)
(7)
Normal tax
Surtax
percent
(returns
with net
Number of
returns
(8)
Amount
(9)
Number of
returns
(10)
Amount
(11)
income)
(col. 7H-3)
(13)
$744, 444
52, 908
$744, 444
$14
3.10
21, 422, 224
1, 587, 501
21, 422, 224
13
.91
12, 294, 265
325, 989
12, 294, 265
38
1.70
9, 076, 949
272, 816
9,076,949
33
1.19
21, 966, 737
622, 578
21, 966, 737
35
1.01
25, 452, 516
404, 584
25, 326, 398
6,735
$126, 118
63
1.41
19, 067, 332
17, 597, 544
16, 203, 016
15, 503, 588
15, 045, 381
14, 202, 824
13, 634, 224
12, 899, 693
12, 220, 846
11, 685, 629
50, 278, 991
42, 986, 793
36, 661, 542
60, 598, 806
39, 705, 204
19, 927, 695
14, 901, 161
12,526,543
9, 275, 663
8. 229, 051
21, 899, 910
9, 479, 829
6, 272, 865
5, 268, 660
5, 807, 038
3, 701, 076
3, 836, 722
3, 169, 259
2, 098, 209
193, 484
120, 402
77, 139
52, 996
39, 751
30, 116
23, 929
19, 269
15, 786
13, 179
40, 981
21, 337
12, 153
13, 074
5,550
1,921
1,046
672
392
278
496
123
58
37
29
14
10
5
3
18, 385, 021
16,021,855
13, 187, 078
11,178,767
9, 894, 592
8, 673, 607
7, 825, 173
7,022,592
6, 341, 144
5, 807, 748
22, 484, 821
16, 036, 696
11,558,884
16, 078, 361
8, 972, 836
3, 892, 320
2, 549, 182
1, 900, 601
1, 261, 878
1. 015, 264
2, 273, 982
825, 715
497, 163
395, 375
407, 007
247, 136
241, 160
187,412
122, 758
28, 369
40,264
62, 078
51, 902
39, 716
30, 122
23,941
19, 279
15,795
13, 187
40, 990
21,348
12, 102
13, 083
5,552
1,921
1,046
672
392
278
496
123
58
37
29
14
10
5
3
682, 311
1, 575, 689
3, 015, 938
4, 324, 821
5, 150, 789
5, 529, 217
5, 809, 051
5, 877, 101
5, 879, 702
5, 877, 881
27, 794, 170
26. 950, 097
25, 102, 658
44, 520, 445
30, 732, 368
16. 035, 375
12, 351, 979
10, 625. 942
8. 013, 785
7, 213, 787
19, 625, 928
8,654,114
5, 775, 702
4, 873, 285
5, 400, 031
3, 453, 940
3, 595, 562
2, 981, 847
1, 975, 451
99
146
210
292
378
471
569
669
774
886
1,227
2,014
3,014
4,632
7,152
10, 374
14, 246
18. 641
23, 662
29, 601
44, 153
77, 072
108, 153
142, 396
200. 243
264, 363
383, 672
633, 852
699, 403
1.80
2.26
2.81
3.45
3.99
4.50
4.96
5.36
5.74
6.12
7.13
9.03
11.04
13.49
16.23
19.07
22.04
25.01
28.08
31.23
37.19
45.02
49.26
52.70
56.60
59.45
63. 19
67.44
68.14
4, 220, 095
2
227, 488
2
3, 992, 607
2,110,048
74.12
599, 862, 324
3, 950, 608
286, 344, 633
429, 609
313, 517, 691
152
4.02
599, 862, 324
3, 950, 608
286, 344, 633
429, 609
313, 517, 691
79
2.69
1
286, 344, 633
429, 609
313, 517, 691
(15)
' '
86
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,'^ by
net income classes, also aggregate for individual returns with no net income {excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, -personal exemption, credit
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III
—RETURNS WITH ALTERNATIVE TAX
10
Number
of returns
(col. 5 +
17)
(3)
Net income 3
(col. 6 + 18)
(3)
Alternative
tax (col.
14 + 26)
(4)
Computation of alternative tax
Returns with net long-term
capital gain
Net i ncome ^ classes
(Thousands of dollars)
(1)
Number
of returns
(5)
Net in-
come 3
(6)
Net long-
terra capi-
tal gain
(item 10
(b),p. 1,
Form 1040
item 7(b),
p. 1, Form
1041)
(7)
Individual returns and taxable
fiduciary returns ^ with net
income:
Under 1 (est ) "
Under 1 (est )
1 under 2 (est.)"
1 under 2 (est )
2 under 2 5 (est )"
2 under 2 5 (est.)
1
$2, 472
$3, 284
2 5 under 3 (est )>'
2 5 under 3 (est )
3 under 4 (est )>i
3 under 4 (est.)
1
3,474
4,494
1
5,074
1,390
1
7,454
2,707
9 under 10
2
1
3
18, 798
10, 812
34, 068
8,742
647
67, 061
10 under 11
11 under 12
12 under 13
13 under 14
3
1
8
24
36
120
1,039
1,810
1,257
859
591
446
1,122
425
183
109
102
67
74
22
22
6
8
4
40, 595
14, 904
142, 759
555, 295
987, 294
4, 279, 613
48, 751, 503
98, 928, 718
81,414,148
63, 815, 274
49, 993, 942
42, 080, 767
135, 078, 751
73, 240, 460
40,580,311
29, 873, 280
34, 783, 529
30,118,429
44,215,141
19, 103, 818
28, 009, 387
10, 367, 282
20, 132, 073
14, 088, 729
7,895
2,663
60, 602
118, 251
257, 987
947, 343
8, 766, 297
19, 692, 164
18, 426, 214
16, 298, 446
14, 260, 190
13, 148, 816
50, 070, 580
32, 317, 321
19, 370, 246
15, 524, 878
17, 775, 655
16, 952, 812
25,509,315
12, 082, 758
18, 465, 199
5,812,056
14, 287, 036
8, 298, 658
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
236
737
550
412
271
200
554
208
101
55
60
37
49
9
12
4
4
4
$11, 310, 758
40, 260, 739
35, 667, 880
30, 584, 360
22, 958, 309
18, 893, 687
67, 140, 053
35, 935, 998
22, 326, 067
15, 075, 627
20, 379, 516
16, 488, 838
29, 150, 213
7, 618, 438
15, 523, 921
7, 047, 188
10, 197, 940
14, 088, 729
$231, 007
SO under 60
1, 885, 647
60 under 70
2, 391, 561
70 under 80 _ - -
3, 404, 790
80 under 90
2, 781, 900
90 under 100
2, 259, 559
100 under 150.
9, 768, 728
150 under 200
5, 638, 754
200 under 250
3, 296, 124
250 under 300_.
2,111,327
300 under 400
5, 815, 203
400 under 500
3, 503, 6S0
600 under 750
6, 525, 500
750 under 1,000
2, 531, 406
1,000 under 1,500
4, 644, 893
1,500 under 2,000
3,831,377
2,000 under 3,000
1,408,417
3,000 under 4,000
4, 709, 156
4,000 under 5,000
5,000 and over
Nontaxable returns n
*
Taxable returns
8,348
870, 678, 154
328, 531, 607
3,503
420, 648, 261
66, 739, 029
Total, individual returns
and taxable fiduciary
returns with net income.
Individual taxable returns with
no net income '
8,348
17
870, 678, 154
12 1, 128, 067
328, 531, 607
300, 138
3,503
420, 648, 261
66, 739, 029
Grand total . .
8,365
13 869, 550, 087
328, 831, 745
3,503
420, 648, 261
66, 739, Oi-i
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
net income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
ivith alternative tax: number of returns, net income, personal exemption, credit
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III-RETURNS WITH ALTERNATIVE TAX lO— Continued
Computation of alternative tax-
Continued
Returns with net long-term capital gain— Continued
Net income ' classes
(Thousands of dollars)
(1)
Ordinary
net income
(col. 6-7)
(item 3,
Sch. F,
Form 1040;
item 3, Sch.
E, Form
1041)
(8)
Personal
exemp-
tion 5
(9)
Credit for
depend-
ents (in-
dividual
returns)
(10)
Earned'in-
come
credit (in-
dividual
returns)
(11)
Normal
tax (item
10, Sch. F,
Form 1040;
item 8, Sch.
E, Form
1041)
(13)
Surtax
(item 11,
Sch. F,
Form 1040;
item 9, Sch.
E, Form
1041) ,
(13)
Individual returns and taxable
fiduciary returns 3 with net
income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
3 under 4 (est.)"
3 under 4 (est.) .__
4 under 5 (est.)" _.
4 under 5 (est.) -
5 under 6 "_ _
5 under 6 .._ -.
6 under 7 -
7 under 8 . - -
»under9
9 under 10
10 under 11. -_
11 under 12_ .__
12under 13_
13 under 14
14 under 15 . .- --- _
15under20.
20 under 25 ..
25 under 30
30 under 40
40 under 50
$11, 079, 751
38, 375, 092
33, 276, 319
27, 179, 570
20, 176, 409
16, 634, 128
57, 371, 325
30, 297, 244
19, 029, 943
12, 964, 300
14, 564, 313
12, 985, 158
22, 624, 713
5, 087, 032
10, 879, 028
3,215,811
8, 789, 523
9, 379, 573
.$365, 642
1, 360, 556
1, 054, 699
763, 900
514, 508
383, 763
1, 038, 267
382, 250
183, 950
98, 092
107, 250
70,900
101, 100
15, 600
23,250
8,500
8,500
10,000
$47, 064
223, 067
180, 207
124,912
86, 399
64, 067
171,352
48, 433
38, 467
11, 766
15, 333
13, 600
13, 366
1,200
2,400
$197, 021
624, 724
470, 133
363, 740
234, 771
174, 820
492, 172
172, 703
97, 558
38, 382
50, 942
24, 321
33, 969
4,067
7,255
3,002
5,600
2,300
.$413, 984
1, 431, 299
1, 243, 867
1, 028, 284
765, 700
630, 194
2,214,114
1, 173, 498
743, 336
507, 584
573, 366
517, 358
897, 369
220, 682
433, 071
128, 018
350, 969
374, 587
$1,513,931
50 under 60
5 724 508
60 under 70 -.
5, 791, 121
70 under 80
5, 324, 525
80 under 90 -. -
4,51.3,461
4, 172 359
90 under 100
100 under 150 ___
18, 217, 506
150 under 200 _.
11,969,810
200 under 250 .
8 295 559
250 under 300
6, 221, 234
300 under 400
7, 151,491
400 under 500
7, 067, 378
12, 883, 898
3, 364, 384
500 under 750 -
750 under 1 .000
1,000 under 1,500
6, 980, 955
1,500 under 2.000 -
2, 074, 657
2,000 under 3,000
1,200
2,600
6, 068, 360
3,000 under 4,000
6, 511, 324
4,000 under 5.000
5,000 and over
Nontaxable returns "
Taxable returns
353, 909, 232
6, 490, 727
1, 045, 433
2, 997, 480
13, 647, 280
123, 846, 461
Total, individual returns
and taxable fiduciary
returns with net income.
Individual taxable returns with
no net income '
353, 909, 232
6, 490, 727
1, 045, 433
2, 997, 480
13, 647, 280
123, 846, 461
Grand total
353, 909, 232
fi. 490. 727
1 04.5 433
9 997 4Sn
13,647 280
1913 R4fi 4fiT
P"or footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
net income classes, also aggregate for individual returns with no net income {excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, personal exemption, credit
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III-RETURNS WITH ALTERNATIVE TAX—
Continued
Computation of alternative tax— Continued
Returns with net long-term capital
gain— Continued
Returns with net long-term capital
loss
Net income ' classes
(Thousands of dollars) •
(1)
Alternative
tax (col.
12+13+30%
of col. 7)
(item 14,
Sch. F,
Form 1040;
item 12, Sch.
E, Form
1041)
(14)
Average
alterna-
tive tax
(col. 14^5)
(15)
Effective
tax rate,
percent
(returns
with net
income)
(col. 14-^6)
(16)
Number
of returns
(17)
Net income ^
(18)
Net long-
term capi-
tal loss
(item 10
(b), p. 1.
Form 1040;
item 7 (b).
p. 1. Form
1041)
(19)
Individual returns and tax-
able fiduciary returns 3 with
net income:
Under 1 (est.) »
Under 1 (e^t.) - -
1 under 2 (est ) 'i
1 under 2 (est )
2 under 2 5 (est.)
1
$2. 472
$103. 273
2 5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
3 imder 4 (est.)
1
3,474
100, 697
4 under 5 (est.) »
5 under 6 "
1
5.074
80,220
6 under 7
1
7,454
84,037
8 under 9
9 under 10
2
1
3
18, 798
10. 812
34.068
171 220
10 under 11
83
11 under 12
405, 077
12 under 13. . .-
13 under 14
3 40, 595
1 14.904
206, 176
14 under 15
69 037
15 under 20 - . --
8
24
36
120
803
1,073
707
447
320
142, 759
555, 295
987, 294
.532, 953
796, 017
1.744 197
20under25 .
25 under 30- .
30 under 40
4,279,613 1 4,035,644
37, 440. 745 | 6 236 840
40 under 50 - -
$1, 997, 217
7,721,501
7, 752, 456
7, 374, 246
6,113,731
5. 480, 421
23, 362, 238
14,834,934
10, 027, 732
7, 362, 216
$8,463
10, 477
14,095
17,899
22, .560
27, 402
42, 170
71, 322
99,284
133. 858
17.66
19.18
21.74
24.11
26.63
50 under 60
58,667,979 1 6,033,317
60under70-.
45.746,268 1 3,343,247
70under80
33,230,914 1 2,771,450
80 under 90 . -
27, 035, 633 9 001 .344
90 under 100
29. 01 246
34.80 , 568
41.28 ; 217
44.91 i 82
48.83 1 54
46.47 1 42
52.37 i 30
.53.99 25
23, 187, 080
67, 938, 698
37, 304, 462
18, 254, 244
14, 797, 653
14, 404, 013
13, 629, 591
1.5 064 998
1,598 760
100 under 1.50 _.
4, 1.5.3, 605
150 under 200,
1, 886, 893
200 under 250 . -
766,084
902. 600
619. 953
427, 114
250 under 300
300under400
9, 469, 418 157, 824
8. 635, 840 233, 401
15,738,917 321,202
4,344,488 1 482.721
400 under 500
500 under 750 - . _
591. 990
131 1«7
750 under 1,000
57.03 1 13 i li. 485. .380
1,000 under 1,.500
1,. 500 under 2,000 _ _
8,807,494
3, 352, 088
6,841,8.54
8, 298, 658
733. 9.58
838. C22
1, 710, 464
2, 074, 665
56.73 I 10 12.485.466 ! 1.998,623
47. 57 ' 2 1 3. 320 094 : •>34 360
2,000 under 3,000
67.09
58.90
4 1 9. 9.34. i:i3
380 487
3,000 under 4,000
4,000 under 5,000
..
5,000 and over
Nontaxable returns "
Taxable returns
157, 515. 449
44,966
37.45
4.845
450. 029. 893
42 406 485
Total, individual re-
turns and taxable fi-
duciary returns with
157, 515. 449
44 966
37.45
4,845
17
450, 029. 893
'2 1.128.067
42,406,485
4 604 834
Individual taxable returns
with no net income '
Grand total
157, 515, 449 44. 966
4,862 |'3 448. 901, 826
47.011,319
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
89
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
net income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, personal exemption, credit
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX K^Continued
Computation of alternative tax— Continued
Returns with net long-term capital loss— Continued
Net income ^ classes
(Thousands of dollars)
(1)
Ordinary net
income (col.
18-f-19) (item
3, Sch. F,
Form 1040;
item 3, Sch.
E, Form 1041)
(30)
Personal
exemp-
tion 5
(31)
Credit for
depend-
ents (indi-
vidual
returns)
(33)
Earned
income
credit (in-
dividual
returns)
(33)
Normal tax
(item 10,
Sch. F,
Form 1040;
item 8, Sch.
E, Form
1041)
(34)
Surtax
(item 11,
Sch. F,
Form 1040;
item 9, Sch.
E, Form
1041)
(35)
Individual returns and taxable
fiduciary returns 8 with net
income:
Under 1 (est.) "—
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.)
2 under 2.5 (est.) n
2 under 2.5 (est.)
$105, 745
$2,500
$1,400
$3,965
$30, 301
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
3 under 4 (est.)
104, 171
2,500
347
3,733
30, 970
4 under 5 (est.) "
4 under 5 (est.)
5 under 6 n
5 under 6
85, 294
507
3,356
22,100
6under 7
7 under 8 -.
91, 491
1,000
$800
300
3,576
24 342
8 under 9
9 under 10
190, 018
10, 895
439, 145
3,500
2,500
6,000
733
1,264
1,063
2,600
7,381
323
16,723
52,727
249
10 under 11
11 under 12
161, 861
12 under 13
13 under 14.-
246, 771
83, 941
675, 712
1.351,312
2. 731, 491
8, 315, 257
43, 677, 585
64, 701, 296
49,089,515
36, 002, 364
29, 036, 977
24. 785, 840
72, 092, 303
39, 191, 355
19, 020, 328
15, 700, 253
15, 023, 966
14, 056, 705
15, 656. 918
11,616.567
14, 484, 089
3. 554, 454
10,314,620
3,500
2.500
12, 895
47, 000
71, 500
205, 750
1, 469, 222
2,129,489
1, 405, 812
882, 637
657, 239
478,115
1, 086, 695
425, 850
161, 125
97, 775
91, 500
59, 600
43, 225
24, 500
19. 850
5,000
7,250
1,982
300
7,493
16, 593
26, 345
85, 031
699, 646
1,030.138
680. 957
426, 590
312, 184
231, 579
531, 066
190, 094
73,768
40, 500
35, 986
22, 515
19, 203
11,216
7,100
1,700
2,300
9,565
3,239
25,805
51. 080
104. 243
313. 341
1,637,912
2. 420, 52S
1, 858, 751
1. 371, 489
1.113,144
951, 607
2, 790, 270
1, 535, 904
747, 775
619, 707
591, 293
552, 374
621, 933
462, 940
578, 037
140, 626
409,929
60 183
14 under 15 - --....
20 135
15 under 20
2,000
5,467
10, 099
36, 267
199, 505
385, 430
293. 831
187. 898
106. 200
64, 667
192, 672
53, 733
19,617
12, 767
11,367
10, 266
7,267
6,400
3,067
2,000"
194 683
20 under 25- _ .. -
305 976
25 under 30-.- .-. . ...
677 003
30 under 40
1 844 695
40 under 50
7, 002, 220
11.360 130
50 under 60
60 under 70. ...
9,817,981
8 .'^4 146
70under 80. ...
80 under 90 ...
7, 63.3, 718
7, 196, 416
25 164 154
90 under 100
100 under 150 . .
150 under 200 . .
16, 512 551
200 under 250.
8, 824, 564
7,813 735
250 under 300 :
300 under 400 .. .
7, 900, 930
7, 892, 732
9. 326, 062
7, 314. 686
9, 679, 255
2, 389 650
400 under 500 . .
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2.000 ..- - -
2,000 under 3,000
7, 149, 399
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns •' .
Taxable returns
492, 436, 378
9,406,029
1, 612, 053
4, 461, 767
18,950,549
164, 787, 554
Total, individual returns
and taxable fiduciary
returns with net in-
come
Individual taxable returns
with no net income '
492, 436, 378
3, 476, 767
9,406,029
30,500
1, 612, 053
2,000
4, 461, 767
10, 708
18, 950, 549
137, 323
164, 787, 554
1, 544, 265
Grand total .
495, 913, 145
9,436,529
1, 614, 053
4, 472, 475
19, 087, 872
166,331,819
For footnotes, see p. 240.
90
STATISTICS OF INCOME, PART 1
Table 2. — Individual returns and taxable fiduciary returns, with net income,^ by
net income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns toith no alternative tax, and returns
with alternative tax: number of returns, net income, personal exemption, credit
for dependents, earned income credit, tax, average tax, and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX '»— Continued
Computation of alternative tax— Con.
Average
alternative
tax (col.
4-=-2)
(29)
Returns with net long-term capital
loss— Continued
Effective
tax rate.
Net income ' classes
(Thousands of dollars)
(1)
Alternative
tax (col.
24+25-30%
of col. 19)
(item 14,
Sch. F, Form
1040; item 12,
Sch. E, Form
1041)
(26)
."^.verage
alternative
tax (col.
26-M7)
(27)
Effective
tax rate,
percent (re-
turns with
net income)
(col. 26-^18)
(28)
percent
(returns
with net
income)
(col. 4-^3)
(30)
Individual returns and taxable fiduciary
returns s with net income:
TTnHpr 1 Cp<!t 1 H
9 nniipr 2 5 Cpst 1 U
$3, 284
$3, 284
132. 85
$3, 284
132. 85
4,494
4,494
129. 36
4,494
129. 36
5 under 6 "
1,390
1,390
27. .39
1,390
27.39
2,707
2,707
36.32
2,707
36.32
9 under 10.-. -
8,742
547
57, 061
4,371
547
19, 020
46.50
5.06
167. 49
4,371
547
19, 020
46.50
10 under 11 - ---
5.06
11 under 12 . .
167. 49
12 under 13
13 under 14
7,895
2,663
60, 602
118,251
257. 987
947, 343
6, 769, 080
11, 970, 663
10, 673, 758
8, 924, 200
8, 146, 459
7, 668, 395
26, 708, 342
17, 482, 387
9, 342, 514
8, 162, 662
8, 306, 237
8, 316, 972
9, 770, 398
7, 738, 270
9, 657, 705
2, 459, 968
7, 445, 182
2,632
2,663
7,575
4,927
7,166
7,895
8,430
11,156
15, 097
19, 965
25, 458
31, 172
47, 022
80, 564
113, 933
151, 160
197,768
277, 232
390, 816
595, 252
965, 771
1, 229, 984
1, 861, 296
19.45
17.87
42.45
21.30
26.13
22.14
18.08
20.40
23.33
26.86
30.13
33.07
39.31
46.86
51.18
55.16
57.67
61.02
64.86
67.37
77.35
74.09
74.95
2,632
2,663
7,575
4,927
7,166
7,895
8,437
10, 880
14, 659
18, 974
, 24, 129
29, 482
44, 626
76, 041
105, 848
142, 430
174, 271
253, 027
344, 720
549, 216
839, 327
968, 676
1, 785, 880
2, 074, 665
19.45
14 under 15
17.87
15 under 20 - - -
42.45
20 under 25
21.30
25 under 30
26.13
30 under 40 . . .. . .
22.14
40 under 50
17.98
50 under 60
19.91
60 under 70 -- -
22.63
70 under 80
25.54
80 under 90 --.
28.52
90underl00 - -
31.25
100 under 150
37.07
150 under 200
44.12
200 under 250
47.73
250 under 300 - -- -- -
51.97
300 under 400
51.10
400 under 500 ---
56.29
500 under 750 -
57.69
750 under 1,000 --
63.25
1,000 under 1,500 _ . . ...
65. 93
1,500 under 2,000
56.06
2,000 under 3,000
70.97
3,000 under 4,000 . .
58.90
4,000 under 5,000
5,000 and over
Nontaxable returns '•
Taxable returns
171,016,158
35, 297
38.00
39, 355
37.73
Total, individual returns and tax-
able fiduciary returns with net
income . ..
171,016,158
300, 138
35, 297
17, 655
38.00
39, 355
17, 655
37.73
Individual taxable returns with no net
171,316,296
35, 236
39, 310
For footnotes, see p. 240.
437826 — 42
92
STATISTICS OF INCOME, PART 1
Table 2-A. — Individual returns with net income (excluding fiduciary rettirns), by
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns with
ents, earned income credit, tax, average tax and effective tax rate; and for returns with
[For text defining certain items and describing methods
PART I— ALL
Net income classes
(Thousands of dollars)
(1)
Number
of returns
(3)
Net income
(3)
Personal ex-
emption
(4)
Credit for de-
pendents
(5)
Earned in-
come credit
(6)
Returns with net income:
Under 1 (est.) n
Under 1 (est.)
1 under 2 (est.) n.
1 under 2 (est.)
2 under 2.5 (est.) u
2 under 2.5 (est.)
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
3 under 4 (est.)
4 under 5 (est.) "i
4 under 5 (est.)
5 under 6 "..
5 under 6.-
fi under 7 _..
7 under 8
8 under 9
9under 10
10 under 11
11 under 12__
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
sounder 90. _
sounder 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500...
500 under 750
750 under 1,000
1,000 under 1,500
1„500 under 2.000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns " .
Taxable returns
321, 315
25, 206
1, 448, 943
1, 574, 675
554, 562
322, 484
907, 172
270, 264
422, 584
619, 126
18, 655
402, 193
671
191, 873
119, 235
76, 203
52, 207
39, 122
29,618
23,491
18, 871
15,491
12, 930
40,011
20, 796
11,820
12, 791
6,343
3,588
2,229
1,470
937
686
1,531
518
233
135
121
74
79
23
24
6
10
4
$229,
13,
1, 973,
2, 336,
1, 260,
713,
2, 458,
753,
1, 382,
2, 155,
79,
1, 794,
3,
1, 047,
770,
568,
442,
370,
310,
269,
235,
208,
187,
687,
463,
322,
439,
282,
195,
144,
109,
79,
64,
183,
89,
51,
36,
41,
33,
47
. 20,
29,
10,
25,
14,
860, 134
302, 713
286, 008
343, 133
810, 883
872, 616
624, 773
581, 820
404, 204
511,255
369, 286
326, 875
570, 347
810, 393
461, 112
658, 656
394, 264
718, 852
351,982
743, 240
559,811
908, 391
301, 453
927, 434
512,930
650, 328
454, 286
303, 731
560, 244
270, 839
351,911
126, 667
835, 734
130,813
357, 315
54,5, 949
912,382
574, 898
149, 060
287, 595
290, 424
621, 625
367, 282
825, 832
$472,
2, 566,
1, 558,
1, 372,
324,
2, 266,
447,
1, 056,
1,315,
46,
878,
1,
423,
260,
165,
111,
83,
62,
49,
39,
32,
27,
83,
42,
24,
25,
12,
7,
4,
2,
1,
1,
3.
1,
$28, 410, 233
132,941
277, 778, 694
18, 899, 384
139, 475, 158
15, .370, 672
366, 254, 644
8, 988, 936
362, 894, 625
92, 134, 235
30,454,172
127, 166, 661
1, 607, 372
80, 237, 905
51,151,585
33, 950, 789
22, 487, 596
16, 826, 951
12, 478, 597
9, 747, 642
7, 889, 333
6,541,719
5, 320, 947
16, 578, 643
8, 461, 903
4, 714, 337
5, 087, 563
2, 45.5, 425
1, 365, 774
867, 963
592, 261
331,6.32
215, 199
536, 791
149, 899
83, 317
33, 194
36, 610
26, 032
20, 933
9,200
6,667
3,200
2,600
$10, 754, 859
1, 330, 271
147, 730, 307
233, 634
76, 423
71, 387
204, 815,
75, 358,
112,82'
206,418,
6, 269,
161, 765,
248
89, 678,
62, 300,
43, 908,
32, 779,
26, 658,
21, 546,
18, 229,
15, 560
13, 559
11,768,
36, 901
19, 543,
11, 260,
12, 351
6, 307
3, 615,
2, 256,
1, 459,
940
■ 686,
1,509
475,
224
110,
109,
58,
59,
19,
17
4
10,
2,
3, 673, 902
3,896,418
7, 387, 925, 635
15, 550, 992, 574
7, 783. 522, 442
5, 992, 033, 271
1, 206, 874, 898
550, 905, 036
559, 069, 460
1, 183, 806, 626
Total, individual re-
turns with net in-
come
7, 570, 320
22, 938, 918, 209
13, 775, 555, 713
1, 757, 779, 934
1, 742, 876, (
Returns with no net income:
Nontaxable *
Taxable «
82, 444
17
n 283, 198, 554
12 1,128,067
CO
30, 500
CO
2,000
10, 708
Total, individual re-
turns with no net
income
82, 461 >2 284, 326, 621
('*)
CO
Grand total.
7,652,781 13 22,654,591,588
CO
CO
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
93
net income classes, also aggregate for individual returns with no net income (excluding
alternative tax: number of returns, net income, personal exemption, credit for depend-
alternative tax, coniputation of the alternative tax
of tabulating and estimatini; data, see pp. 2-6 and 12-13]
RETURNS
Tax
Average
total tax
(col. 7H-2)
(13)
Effective
Total tax
(col. 8-1-11)
(7)
Returns with no alternative tax »
Returns
with alterna-
tive tax 'f
(11)
tax rate,
percent
(returns
Total
(col. 94-10)
(8)
Normal tax
(9)
Surtax
(10)
with net
income)
(col. 7 -=-3)
(13)
$431, 789
$431, 789
$431, 789
$17
3.25
20, 971, 440
20, 971, 440
20, 971, 440
13
.90
12, 065, 284
12. 062, 000
12,062,000 .
$3, 284
37
1.69
8, 856, 216
8, 856, 216
8, 856, 216
33
1.18
21, 576, 743
21, 572, 249
21, 572, 249
4,494
35
1.00
25, 066, 728
25, 066, 728
24, 959, 365
$107, 363
62
1.40
18, 683, 249
17, 205, 420
15,816,909
15,096,118
14, 667, 846
13, 849, 107
13,326,387
12,527,863
11,910,686
11,392,509
48.810,625
41. 709, 340
35, 603, 496
59, 440, 571
46, 520. 630
38, 000. 990
32. 215. 816
27. 653, 230
22, 400. 798
20. 234. 373
67. 935. 471
39, 775, 442
24, 795, 657
19, .351, 010
21, 807, 062
19, 006, 684
27, 518, 181
1.3, 424. 934
18, 667, 583
5,812,056
18, 507, 131
8, 298, 658
18, 681, 859
17, 205. 420
15. 814. 202
15.096,118
14. 659, 104
13, 848, 560
13, 269, 326
12, 527, 863
11,902,791
11,389,846
48, 765, 062
41. 591. 089
35. 345, 509
58,511,173
37.954,117
18, 946, 284
14. 200, 859
11,83.3,361
8, 470, 687
7, 463, 376
19, 983, 836
8, 600. 790
5. 942. 527
4,707,911
5, 188, 934
3,421,425
3, 390, 751
2. 601, 673
2, 098, 209
18, 062. 332
15, 730. 907
12.922.274
10,921,315
9, 663, 894
8, ,73, 888
7, 628, 915
6. 831, 498
6, 183, 733
5, 666, 932
21. 835, 535
15,538,939
11,157,193
15, 538, 385
8, 584, 122
3, 706, 285
2, 428, 861
1, 798, 464
1, 153, 741
921,047
2. 082. 007
747, 565
470, 779
352, 973
363, 924
228, 600
213,918
153.381
122, 758
619, 527
1. 474, 513
2, 891, 928
4,174,803
4, 995, 210
5, 374, 672
5,640,411
5, 696, 365
5, 719. 058
5, 722, 914
26, 929, 527
26,052,150
24, 188, 316
42, 972, 788
29, 369, 995
15, 239, 999
11,771,998
10, 034, 897
7,316,946
6, .542, 329
17,901,829
7, 853, 225
5,471,748
4, 354, 938
4, 825, 010
3, 192, 825
3, 182, 833
2, 448, 292
I, 975, 451
1,390
97
144
208
289
375
468
567
664
769
881
1,220
2,006
3,012
4,647
7,334
10, 591
14, 4,53
18,812
23, 907
29, 496
44, 373
76, 787
106,419
143, 341
180, 224
256, 847
348, 331
583, 693
777, 816
968, 676
1, 850, 713
2, 074, 665
1.78
2.23
2.78
3.41
3.96
4.46
4.91
5.32
5.70
6.08
7.10
9.00
11.03
13.53
16.48
19.43
22.33
25.29
28.31
31.21
37.10
44.51
48.10
52.42
52.45
57.34
58.19
66.16
63.02
56. 06
71.66
58.90
2,707
8,742
547
57, 061
"7,895"
2, 663
45, 583
118, 251
257, 987
929, 398
8, 566, 513
19, 054, 706
18,014,957
15, 819, 869
13,930,111
12, 770, 997
47,951,635
31, 174, 652
18, 853, 130
14, 643. 099
16, 618. 128
15, 585, 259
24,121,430
10, 823, 261
16, 569, 374
5,812.0.56
14, 287, 0.36
8, 298, 658
4, 220, 095
227, 488
3, 992, 607
890, 934, 032
576,599,179
278, 564, 712
298, 034, 467
314, 334, 853
229
5.73
890, 934, 032
576. 599, 179
278, 564, 712
298, 034, 467
314, 334, 853
118
3.88
300, 138
300, 138
17, 655
300, 138
300, 138
(.5)
891,234.170
576, 599, 179
278, 564, 712
298, 034, 467
314, 634, 991
('«)
94
STATISTICS OF INCOME, PART 1
Table 2-A. — Individual returns with net income (excluding fiduciary returns), by
eluding fiduciary returns), 1939; all returns, returns with no alternative tax, and
credit for dependents, earned income credit, tax, average tax and effective tax rate;
PART II— RETURNS WITH
Net income classes
(Thousands of dollars)
(1)
Returns with net income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
Sunder 4 (est.)"
Sunder 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6"
5imder 6
6under 7
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under IS
13 under 14
14 under 15
15 under 20
20 under 25.-
25 under 30
SO under 40
40 under 50
50 under 60--.
60 under 70
70 under 80
80 under 90-- _-.
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300 ---
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1.500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
6,000 and over
Nontaxable returns "..
Taxable re turns
Total, individual re-
turns with net in-
come
Nontaxable individual re-
turns with no net income •.
Grand total
Number
of
returns
(3)
321,315
25, 206
1, 448, 943
1, 574, 675
554, 562
322, 483
907, 172
270, 264
422, 584
619, 125
18, 655
402, 193
671
191, 872
119, 235
76, 202
52, 207
39, 120
29, 617
23, 488
18, 871
15. 488
12, 929
40, 004
20, 772
11,784
12. 674
5.S27
1,833
998
637
360
253
458
111
55
33
26
13
9
4
3
3, 673, 902
3, 888, 331
7, 562, 233
82, 444
7, 644, 677
Net income
(3)
.$229,
13,
1, 973,
2, 336,
1, 260,
713.
2, 458,
753,
1, S82,
2, 155,
79,
1, 794,
3.
1, 047,
770,
568,
442,
370,
310,
269,
235.
208,
187,
687,
462,
321,
435.
234.
99.
64.
47,
30,
23,
54,
19,
12,
8,
9,
5,
5,
3,
3,
860, 134
302, 713
286, 008
343, 133
810, 883
870, 144
624, 773
581, 820
404. 204
507. 781
369, 286
326, 875
570, 347
805, 319
461, 112
651, 202
394, 264
700. 054
341, 170
709, 172
559,811
867, 796
286. 549
803, 787
957, 635
663. 034
283 668
628, 629
680, 175
560, 317
450, 862
299, 320
977, 485
050, 721
090, 282
073, 771
935, 302
176, 893
760, 835
389, 810
847, 896
079, 050
5, 693, 759
7, 387, 925, 635
14, 714, 112, 146
22, 102, 037, 781
12 283, 198, 554
13 21, 818, 839, 227
Personal
exemption
(4)
$472,
2, 566,
1, 558,
1, 372,
324.
2, 266.
447,
1, 056,
1, 315,
46,
878,
1,
423.
260,
165,
111,
83,
62,
49,
39,
32,
27,
83,
42,
23.
25.
10,
3,
2,
1,
3,750
7. 783, 522, 442
5, 976, 224, 615
13, 759. 747, 057
('«)
(14)
Credit for
dependents
(5)
$28, 410,
132,
277, 778,
18, 899,
139, 475,
15, 370
366, 254,
8, 988
362, 894
92, 134
30, 454
127, 166,
1, 607
80, 237
51, 151
33. 949,
22. 487,
16, 826,
12, 478
9, 747,
7, 889,
6, 541
5, 320
16, 576,
8, 456,
4. 704,
5.051
2, 208,
757,
393
279:
139,
86,
172,
47,
25,
1, 206, 874, 898
648, 247, 660
1, 755, 122, 448
(")
Earned in-
come credit
(6)
$10, 754
1, 330,
147, 730,
233, 634,
76, 423,
71, 385,
204. 815,
75, 358,
112,827
206, 418,
6, 269,
161, 765,
248,
89, 677,
62. 300,
43. 908,
32, 779
26. 657,
21. 545,
18. 227,
15, 560,
13. 557
11.767
36, 893
19, 526,
11, 234
12, 266,
5,411
1, 960
1, 105,
668,
393,
279
485,
112,
53,
31
22,
11
6,
4
2,800
559, 069, 460
1, 176, 347, 379
1, 735, 416. 839
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
95
net income classes, also aggregate for individxial returns with no net income {ex-
returns with alternative tax: number of returns, net income, personal exemption,
and for returns with alternative tax, computation of the alternative tax — Continued
NO ALTERNATIVE TAX «
Tax
Average
total tax
(col. 7-^2)
(13)
Effective
tax rate,
percent
(returns
with net
income)
(col. 7-^-3)
(13)
Total tax
(col. 9+11)
(7)
Normal tax
Surtax
Number of
returns
(8)
Amount
(9)
Number of
returns
(10)
Amount
(11)
$431, 789
25, 206
$431, 789
$17
3.25
20, 971, 440
1, 674, 675
20, 971, 440
13
.90
12, 062, 000
322, 483
12, 062, 000
37
1.69
8, 856, 216
270,264
8, 856, 216
33
1.18
21, 572, 249
619, 125
21, 572, 249
35
1.00
25,066,728
402, 193
24, 959, 365
5, 6.50
$107, 363
62
1.40
18, 681, 859
17, 205, 420
15, 814, 202
15, 096, 118
14, 659, 104
13, 848, 560
13, 269, 326
12, 527, 863
11, 902, 791
11, 389, 846
48, 765, 062
41, 591, 089
35, 345, 509
58, 511, 173
37, 954, 117
18, 946, 284
14, 200, 859
11, 833, 361
8, 470, 687
7, 463, 376
19, 983, 836
8, 600. 790
5, 942, 527
4,707,911
5, 188, 934
3, 421, 425
3, 396, 751
2, 601, 673
2, 098, 209
191, 817
119, 152
76, 167
52, 170
39, 097
29, 606
23, 477
18, 861
15, 479
12, 922
39, 997
20,761
11,776
12, 665
5,325
1,833
998
637
360
253
458
111
55
33
26
13
9
4
3
18, 062, 332
15, 730, 907
12, 922, 274
10, 921, 315
9, 663, 894
8, 473, 888
7, 628, 915
6, 831, 498
6, 183, 733
5, 666, 932
21, 835, 535
15, 538, 939
11. 157, 193
15, 538. 385
8, 584, 122
3, 706, 285
2, 428, 861
1, 798, 464
1, 153, 741
921, 047
2, 082, 007
747, 565
470, 779
352, 973
363, 924
228, 600
213, 918
153, 381
122, 758
26, 721
39, 005
61, 101
51, 075
39, 061
29, 612
23, 488
18, 871
15, 488
12, 929
40, 004
20,772
11, 784
12, 674
5,327
1,833
998
637
360
253
458
111
55
33
26
13
9
4
3
619, 527
1,474,513
2, 891, 928
4, 174, 803
4, 995, 210
5, 374, 672
5, 640, 411
5, 696, 365
5, 719, 058
5, 722, 914
26, 929, 527
26, 052, 150
24, 188, 316
42, 972, 788
29, 369, 995
15, 239, 999
11,771,998
10, 034, 897
7, 316, 946
6, 542, 329
17, 901. 829
7, 853, 225
5, 471, 748
4, 354, 938
4, 825. 010
3, 192, 825
3, 182, 833
2, 448, 292
1, 975, 451
97
144
208
289
375
468
565
664
769
881
1,219
2,002
2,999
4,617
7.125
10, 336
14, 229
18, 577
23, 530
29, 500
43, 633
77, 485
108, 046
142, 664
199, 574
263, 187
377, 417
650, 418
699, 403
1.78
2.23
2.78
3.41
3.95
4.46
4.92
6.32
5.70
6.0&
7.0»
8.98
10. 99
13.44
16.18
19.01
22.00
24.94
27.96
31.13
36.97
45.05
49.22
62.69
56.54
59.39
63.02
67.61
68.14
4, 220. 095
2
227, 488
2
3, 992, 607
2, 110. 048
74.12
576, 599, 179
3, 888, 013 278, 564, 712
418, 357
298, 034, 467
148
3.92
576. 599, 179
3,888,013 278,564,712
418, 357
298, 034, 467
76
2.61
576, 599, 179
3, 888, 013
278, 564. 712
418, 357
298, 034, 467
(U)
96
STATISTICS OF INCOME, PART 1
•Table 2-A. — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (exclud-
ing fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, -personal exemption, credit for
dependents, earned income credit, tax, average tax and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX i»
Number
of returns
(col.
5+17)2
(2)
Net income
(col. 6+18)
Alterna-
tive tax
(col.
14+26) <
(4)
Computation of alternative tax
Returns with net long-term capital
gain
Net income classes
(Thousands of dollars)
(1)
Number
of returns
(5)
Net
income
(6)
Net long-
term capi-
tal gain
(item 10(b),
p. 1, Form
1040; item
7(b), p. 1,
Form 1041)
(7)
Returns with net income:
Under 1 (est.) n
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.)
2 under 2.5 (est.) "
2 under 2.5 (est.)
1
$2,472
$3, 284
2.5 under 3 (est.) u
2.5 under 3 (est.)
3 under 4 (est.) >'
3 under 4 (est.) _ - .
1
3,474
4,494
5under 6 » ..
5 under 6 _-
1
5, 074
1,390
6 unr'er 7
7urder8
1
7, 454
2,707
8 under 9
9 under 10 _.
2
1
3
18, 798
10,812
34, 068
8,742
547
57, 061
10 under 11
11 under 12 ._
12 under 13
13 under 14
3
1
7
24
36
117
1,016
1, 7,55
1,231
833
577
433
1,073
407
178
102
95
61
70
19
21
6
8
4
40, 595
14,904
123, 647
555, 295
987. 294
4,170,618
47, 675, 102
95, 880, 069
79, 710, 522
61,901,049
48, 827, 347
40, 858, 249
129, 080, 092
70, 267, 033
39, 472, 178
27, 977, 080
32, 398, 005
27, 388, 225
41, 897, 785
16, 442, .528
26, 542, 575
10, 367, 282
20. 132, 073
14, 088, 729
7,895
2,663
45, 563
118,251
257, 987
929, 398
8, .566, 513
19, 054, 706
18,014,957
15, 819, 869
13, 930, 111
12,770,997
47, 951, 635
31, 174, 652
18, 853, 130
14, 643, 099
16, 618, 128
1.5,585.259
24,121,430
10, 823, 261
16, 569, 374
5, 812, 056
14, 287, 036
8. 298, 658
14 under 15
15 under 20
20 under 25 _.
25 under 30
30 under 40
40 under 50
225
705
538
390
263
192
519
193
98
52
54
32
47
6
12
4
4
4
$10, 788, 395
38, 493, 597
34, 877, 505
28,968,178
22, 287, 407
18, 143, 870
62, 859, 373
33, 516, 655
21, 659, 338
14, 269, 926
18, 328, 207
14, 236, 892
28, 068, 213
4, 9.57, 148
15,523,921
7, 047, 188
10, 197. 940
14, 088, 729
$214, 577
sounder 60
1, 680, 797
60 under 70
2, 330. 147
70 under 80
3, 037, 897
80 under 90 . . . _
2, 656, 343
90 under 100
2, 066, 053
100 under 150
8, 109, 743
150 under 200
4, 426, 547
200 under 2.50
3, 179, 677
250 un(ier 300
1, 564, 800
300 under 400 ._
5,131,943
400 under 500
2, 535, 767
500 under 750
6, 358, 423
7.50 under 1,000
439, 753
1,000 under 1,500
4, 644, 893
1,.500 under 2,000
.3,831,377
2,000 under 3,000
1.408,417
3,000 under 4,000-.
4,709,156
4,000 under 5,000
5,000 and over
Nontaxable returns "
Taxable returns
8,087
836, 880, 428
314, 334, 853
3,338
398,312,482
58, 326, 310
Total, individual re-
turns with net income-
Taxable individual returns
with no net income "
8,087
17
836, 880, 428
'2 1, 128, 067
314, 334, 853
300, 138
3,338
398, 312, 482
58,326,310
Grand total
8,104
13 835, 752, 361
314,634,991
3,338
398, 312, 482
58, 326, 310
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
97
Table 2- P^..— Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (exclud-
ing fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, personal exemption, credit for
dependents, earned income credit, tax, average tax and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX 'O— Continued
Computation of alternative tax — Continued
Returns with net long-term capital gain— Continued
Net income classes
(Thousands of dollars)
(1)
Ordinary
net income
(col. 6-7)
(item 3,
Sch. F,
Form 1040)
(8)
Personal
exemption
(9)
Credit for
dependents
(10)
Earned
income
credit
(11)
Normal tax
(item 10,
Sch. F.
Form 1040)
(13)
Surtax
(item 11,
Sch. F,
Form 1040)
(13)
Returns with net income:
Under 1 (est.) »
1 under 2 (est.) •' ---
2 under 2.5 (est.) n
2 under 2.5 (est.)
2.5 under 3 (est.) "
2 5 under 3 (est.)
3 under 4 (est.) i'
3 under 4 (est.)
4 under 5 (est.) "
6 under 7 . -
7 under 8 -
8 under 9 -
9 under 10
10 under 11 . .. -_
11 under 12 -. .
12 under 13
13 under 14 ... __.
15 under 20
20 under 25
25 under 30
30 under 40 -..
40 under 50
$10,573,818
36, 812, 800
32, 547, 358
25, 930, 281
19,631,064
16, 077, 817
54, 749, 630
29, 090, 108
18, 479, 661
12, 705, 126
13, 196, 264
11, 701, 125
21, 709, 790
4,517,395
10,879,028
3,215,811
8, 789, 523
9, 379, 573
$361, 842
1, 352, 856
1, 050, 799
757. 200
513, 708
382, 063
1, 026, 667
376, 250
182, 750
97, 792
105, 750
69, 500
100, 000
13, 500
23, 250
8,500
8,500
10, 000
$47, 064
223, 067
180, 207
124,912
86, 399
64. 067
171, 352
48, 433
38, 467
11,766
15, 333
13, 600
13, 366
1,200
2,400
$197, 021
624, 724
470, 133
363, 740
234, 771
174.820
492, 172
172, 703
97. 558
38, 382
50, 942
24, 321
33, 969
4,067
7,255
3,002
5,600
2,300
$393, 903
1, 369, 573
1,216,805
978, 824
744, 793
608,118
2, 109, 067
1,124,713
721, 449
497, 221
518,711
464, 377
860, 816
179,739
433,071
128,018
350, 969
374, 587
$1,442,155
50 under 60
5, 485, 345
60 under 70
5, 652, 364
70 under 80 -. - -_
5, 096, 932
sounder 90 ...
4, 3S7, 363
90 under 100
4, 032, 174
100 under 150
17, 383, 447
150 under 200
11,501,449
200 under 250
8, 057, 292
250 under 300 .
6, 095, 424
300 under 400 - ---
6, 448, 198
400 under 500
6.336,615
500 under 750
12, 370, 431
750 under 1,000
2, 773, 326
1,000 under 1,.500
6. 980, 955
1,500 under 2,000 _
2, 074, 657
2,000 under 3,000 _
1,200
2,600
6, 068, 360
3,000 under 4.000
6,511,324
4,000 under 5 000
5,000 and over
Taxable returns _. .
339, 986, 172
6, 440, 927
1,045,433
2,997,480
13, 074, 754
118, 697, 811
Total, individual re-
turns with net income-
Taxable individual returns
339, 986, 172
6, 440, 927
1,045,433
2,997,480
13, 074, 754
118, 697, 811
Grand total
339, 986, 172
6, 440, 927
1, 045, 433
2,997,480
13, 074, 754
118,697,811
For footnotes, see p . 240.
98
STATISTICS OF INCOME, PART 1
Table 2-A. — Individual returns with net income (excluding fiduciary returns), by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns vnthno alternative tax, and returns
with alternative tax: number of returns, net income, personal exemption, credit for
dependents, earned income credit, tax, average tax and effective tax rate; and for
retxirns with alternative tax, computation of the alternative tax — Continued
PART ni— RETURNS WITH ALTERNATIVE TAX i'— Continued
Computation of alternative tax— Continued
Net income classes
(Thousands of dollars)
(1)
Returns with net long-term capital
gain— Continued
Returns with net long-term capital
loss
Alternative
tax (col. 12+
13+30%
of col. 7)
(item 14,
Sch. F,
Form 1040)
(14)
Average
alternative
tax (col.
14-^5)
(15)
Effective
tax rate,
percent (re-
turns with
net income)
(col. 14-^6)
(16)
Number
of returns
(17)
Net income
(18)
Net long-
term capital
loss (item
10(b), p. 1,
Form 1040)
(19)
Returns with net income:
Under 1 (est.) " .
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.)
2 under 2.5 (est.) »
2 under 2.5 (est.) -.
1
$2, 472
$103, 273
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) n
3 under 4 (est.) _ . .
1
3,474
100, 697
4 under 5 (est.) "
4 under 5 (est.).. .-
5 under 6>i..
5 under 6
1
5,074
80,220
6under7-
7 under 8
1
7,454
84, 037
8under9
9under 10
2
1
3
18, 798
10,812
34, 068
171, 220
lOunderll
83
11 under 12
405, 077
12 under 13
13 under 14
3
1
7
24
36
117
791
1,050
693
443
314
241
554
214
80
50
41
29
23
13
9
2
4
40, 595
14,904
123, 647
555, 295
987, 294
4, 170, 618
36, 886, 707
57, 386, 472
44, 833. 017
32, 932. 871
26, 539. 940
22, 714. 379
66,220,719
36. 750. 378
17, 812. 840
13. 707. 154
14, 069, 798
13, 151, 333
13, 829. 572
11, 485. 380
11,018.654
3, 320, 094
9, 934, 133
206, 176
14 under 15
69, 037
15 under 20
433, 550
20 under 25.
796, 017
25under30.
1, 744, 197
30 under 40
3, 965, 957
40 under 50
$1, 900, 431
7, 359, 157
7, 568, 213
6,987,125
5, 929, 059
5. 260. 108
21,925,437
13, 954, 126
9, 732. 644
7, 062, 085
8,506,492
7, 561, 722
15, 138, 774
3, 084, 991
8,807,494
3,352,088
6,841,854
8, 298, 658
$8,446
10, 439
14,067
17,916
22, ,544
27, 396
42, 246
72, 301
99, 313
135, 809
157, 528
236, 304
322, 102
514, 165
733, 958
838, 022
1, 710, 464
2,074,665
17.62
19.12
21.70
24.12
26.60
28,99
34.88
41.63
44.94
49.49
46.41
53.11
53.94
62.23
56.73
47.57
67.09
58.90
6, 181, 590
50 under 60
5, 949, 654
60ujider70
3, 276. 480
70 under 80- - ...
2, 723. 233
80 under 90
1, 993, 346
90 under 100_
1, 578. 677
100 under 150.
4, 113,970
150 under 200
1,882,213
200 under 250.
760. 357
250 under 300
901,590
300 under 400.
601.576
400 under 500. .
419,587
,500 under 750.
584, 973
750 under 1,000
131, 187
1,000 under 1,500..
20.5, 310
1,500 under 2,000-.
234, 360
2,000 under 3,000
380, 487
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns n
Taxable returns
149,270,458
44, 719
37.48
4,749
438, 567, 946
40, 078, 131
Total, individual re-
turns with net income
Taxable individual returns
with no net income •.
149,270,458
44, 719
37.48
4,749
17
438,567,946
12 1, 128, 067
40,078,131
4, 604, 834
Grand total
149, 270, 458
44, 719
4,766
'3 437,439,879
44, 682, 965
For footnotes, see p. 240.
STATISTICS OF INCOME^, PART 1
99
Table 2-A. — Individual returns with net income (excluding fiduciary returns), by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns
with alternative tax: number of returns, net income, -personal exemption, credit for
dependents, earned income credit, tax, average tax and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX i«— Continued
Computation of alternative tax— Continued
Net income classes
Returns with net long-term capital loss— Continued
(Thousands of dollars)
(1)
Ordinary net
income (col.
18+19) (item
3, Sch. F.
Form 1040)
(30)
Personal
exemption
(31)
Credit for
depend-
ents
(33)
Earned in-
come
credit
(33)
Normal tax
(item 10,
Sch. F,
Form 1040)
(34)
Surtax
(item 11,
Sch. F,
Form 1040)
(35)
Returns with net income:
Under 1 (est ) 'i
Under 1 (est )
1 under 2 (est ) "
2 under 2 5 (est ) 'i
2 under 2 5 (est )
$105, 745
$2, 500
$1, 400
$3,965
$30, 301
2 5 under 3 (est ) "
3 under 4 (est ) n
104, 171
2,500
347
3,733
30, 970
4 under 5 (est )
85,294
507
3,356
22, 100
7 under 8
91, 491
1,000
$800
300
3,576
24, 342
8 under 9
9 under 10 .
190,018
10, 895
439, 145
3,500
2,500
6,000
733
1,264
1,063
2,600
7,381
323
16, 723
52,727
10 under 11
249
11 under 12 - -
161, 861
12 under 13
13 under 14 _ -
246. 771
83, 941
557, 197
1,351,312
2,731,491
8. 136, 575
43, 068, 297
63, 336, 126
48, 109, 497
35. 656. 104
28, 533, 286
24, 293, 056
70. 334. 689
38, 632, 591
18, 573. 197
14. 608, 744
14, 671. 374
13, 570. 920
14, 414. 545
11,616,567
11,223,964
3, 554, 454
10. 314, 620
3,500
2,500
11.895
47, 000
71,500
203, 650
1, 465, 322
2,119,989
1,400.812
880, 437
655, 739
476, 715
1. 081. 795
423, 750
159, 125
97, 375
90, 500
59, 500
42, 125
24, 500
19, 750
5.000
7,250
1,982
300
7,493
16. 593
26, 345
85,031
699, 646
1,030,138
680. 957
426, 590
312, 184
231, 579
.531, 066
190, 094
73, 768
40,500
35, 986
22,515
19, 203
11, 216
7,100
1,700
2,300
9,565
3,239
21, 104
51,080
104, 243
306, 278
1,613,724
2, 366, 787
1, 819, 8.36
1, 357, 785
1, 093, 057
933, 715
2. 720. 232
1, 513. 638
730. 010
576,063
577, 229
532. 947
572. 977
462, 940
447, 636
140, 626
409,929
60,183
20,135
15 under 20 - -
2,000
5,467
10, 099
36, 207
199, 505
385, 430
293, 831
187, 898
106, 200
64, 667
192, 672
53, 733
19, 617
12, 767
11, 367
10, 266
7,267
6,400
3,067
154, 524
20 under 25 - -
305. 976
25 under 30
677. 003
30 under 40 _ _ . . -
1,812,907
40 under 50
6, 908, 835
50 under 60 -
11,113,6.58
60 under 70
9, 609, 852
70 under 80
8, 291, 929
80 under 90 - -
7,505,999
90 under 100
7, 050, 777
100 under 150
24.540.157
150 under 200
16, 271, 552
200 under 250
8. 618. 583
250 under 300
7, 275, 428
300 under 400-
7, 714, 880
400 under 500
7, 616. 466
500 under 750
8, 585, 171
750 under 1,000
7, 314, 686
1,000 under 1.500
7, 375, 837
1,500 under 2,000
2, 389, 650
2,000 under 3,000
2,000
7. 149, 399
3 000 under 4 000
4,000 under 5,000
5 000 and over
478,646,077
9, 367, 729
1, 612, 053
4, 461, 767
18, 403, 697
158, 684, 137
Total, individual returns
with net income
Taxable individual returns with
no net Income o ._.
478, 646, 077
3, 476, 767
9, 367, 729
30, 500
1, 612, 053
2,000
4, 461, 767
10, 708
18, 403, 697
137. 323
158, 684, 137
1, 544. 265
Grand total
482,122,844
9, 398, 229
1.614,053
4, 472, 475
18, 541, 020
160. 228. 402
For footnotes, see p. 240.
437826—42 8
100
STATISTICS OF INCOME, PART 1
Table 2-A. — Individual returns with net income {excluding fiduciary returns), by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939; all returns, returns with no alternative tax, and returns with
alternative tax: number of retiirns, net income, personal exemption, credit for
dependents, earned income credit, tax, average tax and effective tax rate; and for
returns with alternative tax, computation of the alternative tax — Continued
PART III— RETURNS WITH ALTERNATIVE TAX "—Continued
Computation of alternative tax— Con.
Average al-
ternative
tax (col.
44-2)
(29)
Net income classes
Returns with net long-term capital
loss— Continued
Effective
tax rate,
percent (re-
turns with
net income)
col. 4-^3)
(30)
(Thousands of dollars)
(1)
Alternative
tax (col. 24+
25-30 %
of col. 19)
(item 14, Sch.
F, Form 1040)
(36)
Average al-
ternative
tax (col.
26H-17)
(27)
Effective
tax rate,
percent (re-
turns with
net income)
(col. 26-hl8)
(28)
Returns with net income:
Under 1 (est.) "... _
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.).
2 under 2.5 (est.) »..-
2 under 2.5 (est.)
2.5under3 (est.) n..
$3, 284
$3, 284
132. 85
$3, 284
132. 85
2.5 under 3 (est.)
3under4 (est.) n
3 under 4 (est.) . .
4,494
4,494
129. 36
' 4,494
129. 36
4 under 5 (est.) ■• ... .
4 under 5 (est.) _.
5 under 6 »
5 under 6.
1,390
1,390
27.39
1,390
27.39
6under7. _ .
7under8 .
2,707
2,707
36.32
2,707
36.32
8undpr9
9 under 10.
8,742
547
57, 061
4,371
547
19, 020
46.50
5.06
167. 49
4,371
547
19, 020
46 50
10 under 11.
5 06
Ilunderl2._. .
167. 49
12 under 13
13 under 14..
7,895
2, 663
45, 563
118,251
257, 987
929, 398
6, 666, 082
11, 695, 549
10, 446, 744
8,832,744
8,001,052
7, 510, 889
26, 026, 198
17,220,526
9, 120, 486
7, 581, 014
8,111,636
8,023,537
8,982,656
7,738,270
7, 761, 880
2,459,968
7,445,182
2,632
2,663
6,509
4,927
7.166
7,944
8,427
11,139
15,075
19,938
25, 481
31,166
46, 979
80, 470
114,006
151,620
197, 845
276, 674
390, 650
595, 252
862, 431
1, 229, 984
1,861,296
19.45
17.87
36. 85
21.30
26.13
22.28
18.07
20.38
23.30
26.82
30. 15
33.07
39.30
46.86
51.20
55. 31
57.65
61.01
64. 95
67.37
70.44
74.09
74.95
2, 632
2,663
6,509
4,927
7,166
7,944
8,432
10, 857
14, 634
18, 991
24, 142
29, 494
44, 689
76, 596
105,916
143, 560
174, 928
255, 496
344, 592
569, 645
789,018
968, 676
1, 785, 880
2,074,665
19.45
14 under 15.
17.87
15 under 20.
36.85
20 under 25
21.30
25 under 30
26.13
30 under 40 . .
22.28
40 under 50. .....
17.97
50 under 60
19.87
60 under 70
22.60
70 under 80
25.56
80 undergo
28.53
90 under 100
31.26
100 under 150
37.15
150 under 200
44.37
200 under 250
47.76
250 under 300
52.34
300 under 400
51.29
400 under 500
56.90
500 under 750
57.57
750 under 1,000
65.82
1,000 under 1,500
62.43
1,500 under 2,000
56.06
2,000 under 3,000
70.97
3,000 under 4,000
58.90
4,000 under 5,000
5,000 and over .
Nontaxable returns ".
Taxable returns
165, 064, 395
34. 758
37.64
38, 869
37.56
Total, individual returns with
net income
165,064,395
300, 138
34, 758
37.64
26.61
38,869
17, 655
37.56
Taxable individual returns with no net
income
Grand total.
165. 364, 533
37.80
38,825
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
101
Table 3. — Individual returns and taxable fiduciary returns, with net income,^ 1939,
by net income classes: simple and cumulative distribution of number of returns, net
income, tax, and percentages; also aggregate for individual returns with no net
income (excluding fiduciary returns), 1939
[For text defining certain items and describing methods of tabulating and estimating data, sec pp. 26 and
12-13]
[Net income classes and money figures in thousands of dollars]
Net income ^ classes
(1)
Individual returns and taxable
fiduciary returns 3 with net
income:
Under 1 (est.)
1 under 2 (est.)
2 under 2.5 (est.)
2.5 under 3 (est.)
3 under 4 (est.)
4 under 5 (est.)
5 under 6
6 under 7
7 under 8
8 under 9
9under 10
10 under 11
11 under 12
12under 13_
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000..,
1,000 under 1,500.
1,500 under 2.000.
2,000 under 3,000.
3.000 under 4,000.
4,000 under 5,000.
5,000 and over
Total, individual returns and
taxable fiduciary returns
with net income
Individual returns with no net
income *
Grand total.
Returns
Simple distribution
Number
(2)
374, 223
3, 036, 444
880, 552
1, 179, 988
1. 045, 163
423, 239
194, 213
120, 494
77, 180
53, 034
39, 777
30, 128
23,944
19, 279
15, 798
13, 188
40, 998
21, 372
12, 198
13,203
6,591
3,731
2,303
1,531
983
724
1,618
548
241
146
131
81
84
27
25
6
10
4
7, 633, 199
82, 461
7, 715, 660
Percent
of total
(3)
4.90
39.78
11.54
15.46
13.69
5.54
2.55
1.58
1.01
.69
.52
.40
.31
.25
.21
.17
.54
.28
.16
.17
.09
.05
.03
.02
.01
.01
.02
.01
(16)
(16)
(16)
(16)
(16)
(16)
(16)
(16)
(16)
(16)
100. 00
(15)
(15)
Cumulative distri-
bution from high-
est income class
Number
(4)
7, 633, 199
7, 258, 976
4, 222, 532
3, 341, 980
2, 161, 992
1,116,829
693, 590
499, 377
378, 883
301, 703
248, 669
208, 892
178, 764
154, 820
135, 541
119, 743
106, 555
65, 557
44, 185
31, 987
18, 784
12, 193
8,462
6,159
4,628
3,645
2,921
1,303
755
514
368
237
156
72
45
20
14
4
Percent
of total
(5)
100. 00
95.10
55.32
43.78
28.32
14.63
9.09
6.54
4.96
3.95
3.26
2.74
2.34
2.03
1.78
1.57
1.40
.86
.58
.42
.25
.16
.11
.08
.06
.05
.04
.02
.01
.01
Cumulative distri-
bution from lowest
income class
Number
(6)
374, 223
3, 410, 667
4,291,219
5. 471, 207
6, 516, 370
6, 939, 609
7,133,822
7, 254, 316
7, 331, 496
7, 384, 530
7, 424, 307
7, 454, 435
7,478,379
7, 497, 658
7, 513. 456
7, 526, 644
7, 567, 642
7, 589, 014
7, 601, 212
7, 614, 415
7, 621, 006
7, 624, 737
7, 627, 040
7, 628, 571
7. 629, 554
7, 630, 278
7, 631, 896
7, 632, 444
7, 632, 685
7. 632, 831
7, 632, 962
7, 633, 043
7, 633, 127
7, 633, 154
7, 633, 179
7, 633, 185
7. 633, 195
7, 633, 199
Percent
of total
(7)
4.90
44.68
56.22
71.68
85.37
90.91
93.46
95.04
96.05
96.74
97.26
97.66
97.97
98.22
98.43
98.60
99.14
99.42
99.58
99.75
99.84
99.89
99.92
99.94
99.95
99.96
99.98
99.99
99.99
99.99
99.99
99.99
99.99
99.99
99.99
100. 00
For footnotes, see p. 240.
102
STATISTICS OF INCOME, PART 1
Table 3. — Individual returns and taxable fiduciary returns, with net income,^ 1939,
by net income classes: simple and cumulative distribution of number of returns,
net income, tax, and percentages; also aggregate for individual returns with no net
income {excluding fiduciary returns), 1939 — Continued
[Net income classes and money figures in thousands of dollars]
Net income ' classes
(1)
Net income '
Simple distribution
Amount
(8)
Percent
of total
(9)
Cumulative distri-
bution from high-
est income class
Amount
(10)
Percent
of total
(ID-
Cumulative distri-
bution from lowest
income class
Amount
(12)
Percent
of total
(13)
Individual returns and taxable
fiduciary returns ' with net in-
come:
Under 1 (est.)
1 under 2 (est.)-
2 under 2.5 (est.)
2.5 under 3 (est.)
3 under 4 (est.). -.
4 under 5 (est.)
5 under 6
6 under 7 - -
7 under 8-
8 under 9
9 under 10 ,
10 under 11
11 under 12 _
12 under 13
13 under 14.-
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40.
40 under 50
50 under 60
60 under 70.
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000...
1,000 under 1,500.
1,500 under 2.000-
2,000 under 3,000.
3,000 under 4,000.
4,000 under 5,000.
5,000 and over
253,911
4, 327, 850
1,982,515
3, 219, 184
3, 549, 858
1, 884, 359
1, 060, 516
778, 607
575, 951
449, 404
376, 926
315, 699
274, 938
240. 652
213, 047
191,038
704, 950
476, 403
333, 004
453, 623
293, 345
203. 434
149, 023
113,892
83, 022
68, 428
193, 959
94, 296
53, 316
39, 871
45, 044
36, 344
50,287
23, 803
31. 088
10, 367
25, 826
14. 089
1.09
18.66
8.55
13.88
15.31
8.13
4. .57
3.36
2.48
1.94
1.62
1.36
1.19
1.04
.92
.82
3.04
2.05
1.44
1.96
1.26
.49
.36
.29
.84
.41
.23
.17
.19
.16
.22
.10
.13
.05
.11
.06
23,191,871
22, 937, 960
18, 010, 109
16, 627, 594
13,408,410
9, 858, 552
7, 974, 192
6, 913, 676
6, 135, 069
5,559,118
5, 109, 714
4, 732, 787
4,417,088
4, 142, 150
3, 901, 498
3, 688, 450
3,497,412
2, 792, 462
2, 316, 059
1, 983, 055
1, 529, 432
1, 236, 088
1, 032, 654
883, 631
769, 739
686, 718
618, 290
424, 331
330, 035
276, 719
236, 848
191, 804
155,461
105, 174
81, 370
50. 282
39, 915
14, 089
100. 00
98.91
80.25
71.70
57.82
42.51
34.38
29.81
26.45
23.97
22.03
20.41
19.05
17.86
16.82
15.90
15.08
12.04
9.99
8.55
6.59
5.33
4.45
3.81
3.32
2.96
2.67
1.83
1.42
1.19
1.02
.83
.67
.45
.35
.22
.17
.06
253,911
4, 581, 762
6, 564. 277
9, 783, 461
13, 333, 319
15, 217, 679
16, 278, 195
17, 056, 802
17, 632, 753
18, 082, 157
18, 459, 084
18, 774, 783
19, 049, 721
19, 290, 374
19, 503, 421
19, 694, 459
20, 399, 409
20, 875, 812
21, 208, 816
21, 662. 439
21, 955, 783
22, 159, 217
22, 308, 240
22.422,132
22, 505, 1.54
22, 573, 581
22,767,541
22,861,836
22,915,152
22, 955. 023
23, 000, 067
23,036,410
23, 086, 697
23,110,501
23, 141, 589
23, 151, 957
23, 177, 782
23, 191, 871
Total, individual returns and
taxable fiduciary returns
with net income
Individual returns with no net in-
come
23,191,871
» 284, 327
100.00
(18)
1.09
19.75
28.30
42.18
57.49
65.62
70.19
73.55
76.03
77.97
79.59
80.95
82.14
83.18
84.10
84.92
87.96
90.01
91.45
93.41
94.67
95.55
96.19
96.68
97.04
97.33
98.17
98.58
98.81
98.98
99.17
99.33
99.55
99.65
99.78
99.83
99.94
100.00
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
103
Table S.— Individual returns and taxable fiduciary returns, with net income,^ 1939,
by net income classes: simple and cumulative distribution of number of returns,
net income, tax, and percentages; also aggregate for individual returns with no net
income {excluding fiduciary returns), 1939 — Continued
[Net income classes and money figures in thousands of dollars]
Xel income ^ classes
(1)
Total tax'
Individual returns and taxable fidu-
ciary returns 3 with net income:
Under 1 (est.)
1 under 2 (est.)
2 under 2.5 (est.)
2.5 under 3 (est.)
3 under 4 (est.)
4 under 5 (est.)
5 under 6 ---
6 under 7
7 under 8
8 under 9.-
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000.. -
1,000 under 1,500.
1,500 under 2,000.
2,000 under 3,000.
3,000 under 4,000.
4,000 under 5,000.
5,000 and over
Total, individual returns and
taxable fiduciary returns
with net income
Individual returns with no net in-
come (taxable)'
Simple distribution
Grand total.
Amount
(14)
744
21, 422
12, 298
9,077
21,971
25, 453
19, 069
17, 598
16, 206
15, 504
15, 054
14, 203
13, 691
12, 900
12, 229
11, 688
50, 340
43, 105
36, 920
61, 546
48, 472
39, 620
33, 327
28,825
23,536
21, 378
71, 970
41,797
25,643
20,794
23,583
20, 654
29, 346
15,252
20, 563
5,812
18, 507
8,299
928, 394
300
928, 694
Percent
of total
(15)
0.08
2.31
1.32
.98
2.37
2.74
2.05
1.90
1.74
1.67
1.62
1.53
1.48
1.39
1.32
1.26
5.42
4.64
3.98
6.63
5.22
4.27
3.59
3.10
2.54
2.30
7.75
4.50
2.76
2.24
2.54
2.23
3.16
J. 64
2.22
.63
1.99
Cumulative distri-
bution from high-
est income class
Amount
(16)
100. 00
(16)
(.5)
928, 394
927, 649
906, 227
893, 930
884, 853
862, 882
837, 429
818, 360
800, 763
784, 557
769, 053
753, 999
739, 796
726, 105
713, 205
700, 976
689, 288
638, 948
595, 843
558, 924
497, 378
448, 906
409, 286
375, 958
347, 134
323, 598
302, 220
230, 250
188, 453
162, 809
142, 016
118,433
97, 779
68, 433
53, 181
32, 618
26, 806
8,299
Percent
of total
(17)
100. 00
99.92
97.61
96.29
95.31
92.94
90.20
88.15
86.25
84.51
82.84
81.22
79.69
78.21
76.82
75.50
74.24
68.82
64.18
60.20
53.57
48.35
44.08
40.49
37.39
34.85
32.55
24.80
20.30
17.54
15.30
12.76
10.53
7.37
5.73
3.51
2.88
Cumulative distribu-
tion from lowest
income class
Amount
(18)
744
22, 167
34, 464
43, 541
65,512
90, 965
110,034
127,631
143, 837
159, 340
174,395
188, 598
202, 289
215, 189
227, 418
239, 106
289, 446
332, 551
369, 470
431,016
479, 488
519, 108
552, 435
581, 260
604, 796
626,174
698, 144
739, 941
765, 585
786, 378
809, 961
830, 615
859, 961
875, 213
895, 776
901,588
920, 095
928, 394
Percent
of total
(19)
0.08
2.39
3.71
4.69
7.06
9.80
11.85
13.75
15.49
17.16
18.78
20.31
21.79
23.18
24.50
25.76
31.18
35.82
39.80
46.43
51.65
65. 92
59.51
62.61
65.15
67.45
75.20
79.70
82.46
84.70
87.24
89.47
92.63
94.27
96.49
97.12
99.11
100. 00
For footnotes, see p. 240.
104
STATISTICS OP INCOME, PART 1
Table 3-A. — Individual returns with net income (excluding fiduciary returns) , 19S9.
by net income classes: simpleandcumulativedistrihutionoJnumherofreturns.net
income, lax, and percentages; also aggregate for individual returns with no net
income {excluding fiduciary returns), 1939
[ For text defining certain items and describing methods of ta bulating and estimating data , see pp . 2-6 and 1 2-13]
[Net income classes and money figures in thousands of dollars]
Returns
Net income classes
Simple distribution
Cumulative distribu-
tion from highest in-
come class
Cumulative distribu-
tion from lowest in-
come class
(1)
Number
(2)
Percent
of total
(3)
Number
(4)
Percent
of total
(5)
Number
(6)
Percent
of total
(7)
Returns with net income:
Under 1 (est.) --
346, 521
3, 023, 618
877, 046
1. 177, 436
1,041,710
420, 848
192, 544
119,235
76, 203
52, 207
39, 122
29, 618
23, 491
18, 871
15,491
12,930
40,011
20, 796
11,820
12, 791
6,343
3,588
2,229
1,470
937
686
1,531
518
233
135
121
74
79
23
24
6
10
4
4.58
39.94
11.59
15.55
13.76
5.56
2.54
1.57
1.01
.69
.52
.39
.31
.25
.20
.17
.53
.28
.16
.17
.08
.04
.03
.02
.01
.01
.02
.01
(.6)
(16)
(16)
(16)
(16)
. ('«)
(16)
(16)
(16)
(16)
7, 570, 320
7, 223, 799
4, 200, 181
3, 323, 135
2, 145, 699
1, 103, 989
683, 141
490, 597
371, 362
295, 159
242, 952
203, 830
174,212
150, 721
131, 850
116,359
103. 429
63,418
42, 622
30, 802
18,011
11,668
8,080
5. 851
4,381
3,444
2.758
1.227
709
476
341
220
146
67
44
20
14
4
100. 00
95.42
55.48
43.89
28.34
14.58
9.02
6.48
4.91
3.90
3.21
2.69
2.30
1.99
1.74
1.54
1.37
.84
.56
.40
.23
.15
.11
.08
.06
.05
.04
.02
.01
.01
(16)
(16)
(16)
(16)
(16)
(16)
(16)
(16)
346, 521
3, 370, 139
4, 247, 185
5, 424, 621
6, 466, 331
6, 887, 179
7, 079, 723
7, 198, 958
7, 275, 161
7, 327, 368
7, 366, 490
7, 396, 108
7, 419, 599
7, 438, 470
7, 453, 961
7, 466, 891
7, 506, 902
7, 527, 698
7, 539, 518
7, 552, 309
7, 558, 652
7, 562, 240
7, 564, 469
7, 565, 939
7, 566, 876
7, 567, 562
7, 569, 093
7,569,611
7, 569, 844
7, 569, 979
7, 570, 100
7. 570, 174
7, 570, 253
7. 570, 276
7, 570, 300
7, 570, 306
7, 570, 316
7, 570, 320
4.58
1 under 2 (est.) . . . - - - -
44.52
2 under 2.5 (est.) .. _
56.11
2 5 under 3 (est.) -
71.66
85.42
90.98
93.52
95.09
96.10
8 under 9 . -.
96.79
9 under 10
97.31
10 under 11
97.70
11 under 12
98.01
12 under 13
98.26
98.46
14 under 15
98.63
15 under 20-
99.16
20 under 25 _ . _.
99.44
25under30_
99.60
'30 under 40 -__ -- --
99.77
40 under 50 - -..
99.85
•50 under 60 --
99.89
60 under 70-
99.92
70 under 80 ...-.--
99.94
80under90 ---
99.95
OOunilor 100-
99.96
100 under 150- -- _
99.98
150 under 200 - - .- -_ ..
99.99
201) imdrr 2.')0_.
99.99
2.')0 undiT 300
99.99
300 uiiiicr 400 . . ...
99.99
40(1 under 500
500 under 750 _
99.99
99.99
750 uniier 1,000
99.99
1,1)01) under 1,500
99.99
l,f)()0 under 2,000
2,()()() inider 3,000
99.99
99.99
3,01)0 under 4,000
100.00
4,000 inider 5.000 .
Total, individual returns with
7, 570, 320
82, 461
100. 00
(15)
Individual returns with no net in-
come *
Grand total..
7, 652, 781
(")
For footnotes, sec p. 240.
STATISTICS OF INCOME^ PART 1
105
Table 3-A. — Individual returns with net income {excluding fiduciary returns), 1939,
by net income classes: simple and cumulative distribution of number of returns, net
income, tax, and percentages; also aggregate for individual returns with no net
income {excluding fiduciary returns), 1939 — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
(1)
Returns with net income:
Under 1 (est.)
1 under 2 (est.)
2 under 2.5 (est.)
2.5 under 3 (est.)
3 under 4 (est.)
4 under 5 (est.)
5 under 6
6under 7
7 under 8
8 under 9
9under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual returns
with net income
Individual returns with no net
income_
Net income
Simple distribution
Amount
(8)
243, 163
4, 309, 629
1, 974, 683
3, 212, 207
3, 537, 915
1, 873, 696
1, 051, 381
770, 461
568, 659
442, 394
370, 719
310, 352
269, 743
235, 560
208, 908
187, 301
687, 927
463, 513
322, 650
439, 454
282, 304
195, 560
144, 271
109, 352
79, 127
64, 836
183, 131
89. 357
51, 546
36, 912
41,575
33, 149
47, 288
20, 290
29, 622
10, 367
25, 826
14, 089
22, 938, 918
12 284, 327
Percent
of total
(9)
1.06
18.79
8.61
14.00
15.42
8.17
4.58
3.36
2.48
1.93
1.62
1.35
1.17
1.03
.91
.82
3.00
2.02
1.41
1.91
1.23
.85
.63
.48
.35
.28
.80
.39
.22
.16
.18
. 15
.20
.09
.13
.05
.11
.06
100. 00
(■«)
Cumulative distri-
bution from high-
est income class
Amount
(10)
22, 938, 918
22, 695, 755
18, 386, 126
16,411,443
13, 199, 236
9, 661, 321
7, 787, 625
6, 736, 244
5, 965, 783
5, 397, 124
4, 954, 730
4,584,011
4, 273, 659
4, 003, 916
3, 768, 356
3, 559, 447
3, 372, 146
2, 684, 219
2, 220, 706
1,898,055
1, 4.58, 601
1,176,297
980, 737
836, 466
727, 114
647, 988
583, 152
400, 021
310, 664
259, 118
222, 205
180, 631
147,481
100, 194
79, 903
50,282
39, 915
14, 089
Percent
of total
(11)
100. 00
98. 94
80. 15
71.54
57.54
42.12
33. 95
29.37
26.01
23.53
21.60
19.98
18.63
17.46
16.43
15.52
14.70
11.70
9.68
8.27
6.36
5.13
4.28
3.65
3.17
2.82
2.54
1.74
1.35
1.13
.97
.79
.64
.44
.35
.22
.17
.06
Cumulative distri-
bution from lowest
income class
Amount
(13)
243, 163
4, 552, 792
6, 527, 475
9, 739, 682
13, 277, 598
15, 151, 294
16, 202, 674
16,973,1.36
17, 541, 794
17,984,188
18, 354, 907
18, 665, 259
18, 935, 003
19, 170, 562
19,379,471
19,566,772
20, 254, 700
20, 718, 213
21, 040, 863
21,480,317
21, 762, 621
21, 958, 181
22, 102, 452
22,211,804
22, 290, 931
22, 355, 766
22, 538, 897
22, 628, 254
22, 679, 800
22, 716, 713
22, 758, 288
22, 791, 437
22, 838, 724
22, 859, 015
22, 888, 636
22, 899, 004
22, 924, 829
22, 938, 918
Percent
of total
(13)
1.06
19.85
28.46
42.46
57.88
66.05
70.63
73.99
76.47
78.40
80.02
81.37
82.54
83.57
84.48
85.30
88.30
90.32
91.73
93.64
94.87
95.72
96.35
96.83
97.18
97.46
98.26
98.65
98.87
99.03
99.21
99.36
99.56
99.65
99.78
99.83
99.94
100.00
For footnotes, see pp. 240.
106
STATISTICS OF INCOME, PART 1
Table 3-A. — Individual returns with net income {excluding fiduciary returns), 1939,
by net income classes: simple and cumulative distribution of number of returns, net
income, tax, and percentages; also aggregate for individual returns with no net
income (excluding fiduciary returns), 1939 — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
(1)
Total tax 2
Simple distribution
Amount
(14)
Percent
of total
(15)
Cumulative distri-
bution from high-
est income class
Amount
(16)
Percent
of total
(17)
Cumulative distribu-
tion from lowest
income class
Amount
(18)
Percent
of total
(19)
Returns with net income:
Under 1 (est.)
1 under 2 (est.)
2 under 2.5 (est.)
2.5 under 3 (est.)
3 under 4 (est.),
4 under 5 (est.)
5under 6
Bunder 7
7uDder 8
Sunder 9
9under 10-- _--
lOunder 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50- .-
50 under 60
60 under 70
70 under 80
80 under 90.-
90 under 100
100 under 150
150 under 200
200 under 250-
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
6,000 and over
Total .individual returns with
net income
Individual returns with no net in-
come (taxable) «
Grand total.
432
20, 971
12, 065
8,856
21,577
25, 067
18, 683
17,205
15,817
15, 096
14, 668
13,849
13, 320
12, 528
11,911
11,393
48,811
41, 709
35, 603
59,441
46, 521
38, 001
32, 216
27, 653
22, 401
20,234
67, 935
39, 775
24, 796
19, 351
21,807
19, 007
27,518
13, 425
18, 668
5,812
18, 507
8,299
0.05
2.35
1.36
.99
2.42
2.81
2.10
1.93
1.78
1.69
1.65
1.55
1.50
1.41
1.33
1.28
5.48
4.68
4.00
6.67
5.22
4.27
3.62
3.10
2.51
2.27
7.63
4.46
2.79
2.17
2.45
2. 13
3.09
1.50
2.10
.65
2.08
.93
890, 934
890, 502
869, 531
857, 466
848, 609
827. 033
801, 966
783, 283
766, 077
750, 260
735, 164
720, 496
706, 647
693, 321
680, 793
668, 882
657, 490
608, 679
566. 970
531, 366
471, 926
425, 405
387, 404
355. 188
327, 535
305, 134
284, 900
216, 964
177. 189
152, 393
133,042
111,235
92, 229
64. 710
51, 285
32. 618
26, 806
8,299
100. 00
99.95
97.60
96.24
95.25
92.83
90.02
87.92
85.99
84.21
82.52
80.87
79.32
77.82
76.41
75.08
73.80
68.32
63.64
59.64
52.97
47.75
43.48
39.86
36.76
34.25
31.98
24.35
19.89
17.10
14.93
12.48
10.35
7.26
,5.76
3.66
3.01
.93
432
21, 403
33, 469
42, 325
63, 901
88,968
107, 651
124, 857
140, 674
155,770
170, 438
184, 287
197, 613
210, 141
222, 052
233, 444
282, 255
323. 964
359, 568
419, 008
465, 529
503, 530
535, 746
563, 399
585. 800
606, 034
673, 970
713, 745
738, 641
757, 892
779, 699
798, 705
826, 224
839, 649
858,316
864, 128
882, 635
890, 934
890, 934
300
100. 00
(15)
891, 234
('■')
0.05
2.40
3.76
4.75
7.17
9.98
12.08
14.01
15.79
17.48
19.13
20.68
22. 18
23.59
24.92
26.20
31.68
36.36
40.36
47.03
52.25
56.62
60.14
63.24
65.75
68.02
75.65
80.11
82.90
85.07
87.52
89.65
92.74
94.24
96.34
96.99
99.07
100.00
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
107
Table 4. — Individual returns with net income {excluding fiduciary returns), 1939, by
States and Territories and by sex and family relationship: number of returns and
net income
[For text defining certain items and describing methods of tabulating and estimating data see nn
2-5, 12-13, and 18] ' ^^'
[Money figures in thousands of dollars]
States and Territories
(1)
Total
Number of
returns
(2)
Net income
(3)
Joint returns of husbands
and wives, or of either
husband or wife when no
other return is filed
Number of
returns
(4)
Net income
(5)
Alabama
Alaska '...,
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida...
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi.
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey.-
New Mexico. -.
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon .-.
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee.
Texas
Utah
Vermont
Virginia
Washington *
West Virginia
Wisconsin
Wyoming
Total, individual returns with net income.
48, 957
6,977
25, 975
23, 084
627, 909
54, 796
166, 110
19, 991
114, 531
70, 903
69, 486
22, 699
16, 870
608, 674
155, 792
95, 080
60, 171
64, 407
70, 633
31, 892
159,927
372, 755
372, 045
130. 339
24, 204
167, 254
36, 188
47, 358
11,062
25, 767
386, 858
17,131
1, 279, 427
60, 705
13, 909
439, 241
64, 709
66, 192
627, 640
50,333
29, 581
14, 481
71,245
236, 321
23,450
15, 762
89, 913
125, 997
67, 579
174. 340
13, 670
7, 570, 320
148, 808
17, 647
68, 986
75, 286
1, 878, 627
163, 090
520, 038
111,982
345, 429
260, 030
235. 267
72,317
41, 793
1, 965, 810
445, 966
238, 961
156, 384
184,421
227, 601
95, 753
512, 883
1, 121, 122
1,037,019
358, 923
72, 770
519, 274
94, 128
133, 245
33, 991
72, 885
1, 175, 197
49, 289
4,174,212
191,661
32, 581
1, 297, 959
186,805
168,920
1, 835, 798
153, 518
83, 333
34, 152
226, 848
745, 794
62, 498
44, 321
284, 547
321, 338
182, 371
439, 527
37, 817
22, 938, 918
24, 470
2,469
11,225
13, 509
235, 554
25, 951
58. 141
8,770
42, 306
36, 830
36, 736
10, 966
6,214
265, 511
72, 537
45, 449
32,112
28, 928
29, 343
13, 483
76, 356
145, 179
167, 220
57, 833
13, 530
76, 766
15.324
24, 149
4,314
10, 230
176, 077
8,244
597, 325
29, 653
7,338
193, 548
37, 665
28, 370
249, 764
18, 225
15, 158
7, 173
35,640
106, 716
11,815
6,306
44, 172
45, 318
30, 370
76, 935
6,481
3, 323, 698
90, 976
8, 625
32, 446
49, 729
739, 912
90, 503
225, 353
36, 589
167, 477
142, 020
139, 705
40, 361
18, 612
1,049,611
256, 022
141,420
97, 094
101, 163
94,429
49, 050
290,244
519,411
693, 900
194, 953
46, 752
284, 092
53,286
83, 759
13,876
36, 133
645, 667
24, 707
2, 189, 989
108, 261
20,928
714, 245
117, 187
96, 061
916, 957
70, 185
52, 182
21,060
134, 889
325, 674
38, 322
22, 947
164, 380
138, 050
101, 991
236, 391
22,239
11, 849, 817
For footnotes, see p. 240.
108
STATISTICS OF INCOME, PART 1
Tabi-e 4. — Individual returns with net income {excluding fiduciary returns), 1939, by
States and Territories and by sex and family relationship: number of returns and
net income — Continued
[Money figures in thousands of dollars]
Separate returns of husbands and wives
Heads of famiUes
States and Territories
Men ■'
■Women •'
Single men and
married men not
living with wives
Single women
and married
women not
living with
husbands
(1)
Num-
ber of
returns
(6)
Net
income
(7)
Num-
ber of
returns
(8)
Net
income
(9)
Num-
ber of
returns
(10)
Net
income
(11)
Num-
ber of
returns
(13)
Net
income
(13)
865
63
835
490
28, 438
1,214
4,071
752
2,802
2,486
1,831
693
737
12,210
2,653
1,670
1,220
1,386
3,145
706
3,817
9, 645
5,678
2,652
501
3,501
408
788
324
630
7,316
728
31, 105
1,742
170
7,421
1,693
1,068
10, 737
1,040
586
198
1,359
11, 929
397
273
1, 756
4,109
1,056
3,682
189
9,537
464
3,047
4,696
111,824
13, 575
59, 745
34, 659
23, 747
31,946
20, 739
7,491
2,294
176,202
32, 462
13, 892
9,878
15, 036
10, 905
8.364
40. 504
107. 045
83, 219
30. 947
4,848
50, 292
3,350
7,458
2,211
6,518
90, 530
2, 286
445, 292
21,985
1,106
105, 868
14, 329
9, 108
158, 422
14, 202
5, 258
1, 546
18, 061
38, 399
3,619
2,730
19,881
14, 034
10, 794
34, 545
2,313
891
127
831
458
28, 403
1,199
3.996
823
2.763
2. 569
1.536
704
718
12, 138
2,740
1,783
1,190
1,379
3,109
746
3,802
8,411
5,747
2,620
494
3,353
550
797
320
695
7,598
734
29, 414
2,092
168
7,036
1,816
1,007
10, 280
1,010
524
182
1,163
11,931
373
236
1,474
4,125
1, 050
3,506
191
3,802
457
2,864
2,026
106, 809
5,302
26, 908
12, 825
11,243
15, 379
8, 452
2.592
2.206
63. 222
12,912
5, 677
3,899
5,602
10, 743
3,404
17, 648
40,511
26, 972
11, 560
2,012
18, 032
1,802
2,879
1,468
2,664
41,513
2,519
175, 666
9,312
451
39, 145
6,330
3,702
60, 609
6,191
1. 665
561
6. 065
37, 066
1,446
1.360
11, .509
13, 771
3,900
11,966
732
2,934
186
1,102
1,348
34, 329
2,840
11,906
787
4,298
3,436
3,675
1,191
668
42, 363
9,773
5, 293
3,721
5, 205
4,025
1,983
8,710
27, 997
20, 023
8,943
1.359
12, 192
2,691
2,202
361
1,398
31, 146
698
100, 759
3,028
772
28, 100
3,150
3,824
35, 776
4,500
1,778
626
4,168
9,089
1.679
1.319
5,735
5,467
5,105
7,266
619
7,510
539
2,639
4,531
82. 165
8.176
29, 081
3,898
13, 107
11.072
11.394
2.796
1.310
114,567
» 26. 348
12, 254
7,824
12.559
9.975
4,900
25, 193
70,212
50. 437
21.767
3, 985
31.308
5.844
5.631
1,331
3,546
78, 869
1,728
266, 537
10,016
2,003
69, 852
8,448
8,162
96, 626
10, 790
5,041
1,460
11,850
23, 228
3,832
2,963
14, 680
11,616
11,428
18, 338
1.622
1,329
90
1,044
991
27, 263
1,763
7,537
761
6, 113
2,920
2,864
733
669
33, 932
4,987
2,938
2,275
3,103
3,676
1,516
5, 330
17, 973
9,394
5,106
861
8,055
1,391
1,699
230
1,053
17, 076
535
55, 802
1,673
365
16, 180
3.056
2.415
22. 361
2,952
1,328
373
2,882
8,240
1,102
838
3,837
5, 529
2,032
4,443
446
2,991
184
2,237
2,174
61,917
4,266
18, 356
2,429
District of Columbia
Florida --- -----
13, 009
7,644
6,288
1,992
1,111
74, 575
9,872
5, 520
4. 000
6,139
7,803
3,287
12, 836
39, 251
19, 929
10, 223
1,783
16,344
2,624
3,237
Nevada
New Ilampshire
637
2,452
40, 563
1,160
139, 582
North Carolina
3,900
676
Ohio -
34, 838
5, 795
4,334
52, 144
6,660
2,632
608
5,719
Texas
18, 987
Utah
2,194
1,512
7,999
11.581
4.185
8.755
Wyoming -.
964
Total, individual
returns with net
184, 765
1, 941, 202
180, 802
867. 955
481, 543
1, 244, 988
311,061
699, 899
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
109
Table 4. — Individual returns loith net income {excluding fiduciary returns), 1939, 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
(1)
Alabama
Alaska '
A rizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Hawaii _..
Idaho
Illinois
Indiana
Iowa 1
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
M innesota
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
Not heads of families
Single men and mar-
ried men not living
with wives
Total, individual returns
with net income
Number
of
returns
(14)
11,758
3,912
6,366
3,241
155, 601
12, 914
44, 307
4,113
23,451
11,871
11,580
5,169
4,445
143, 753
42,128
21, 158
11,011
14, 725
12, 082
6, 733
39, 443
74, 677
101. 776
32, 565
4,129
36, 397
10, 365
8,624
3,977
5,799
86, 409
2.986
264, 742
10, 395
2,796
109, 778
8,466
19, 887
172, 926
•12,143
4,982
3,052
14, 659
40, 376
5,027
3,813
19, 268
37, 909
19, 496
47,511
3,467
Net in-
come
(15)
1, 758, 058
22, 403
7,124
11,383
6.649
291. 522
22, 871
83, 534
11,137
52, 105
26, 066
26, 196
9,376
7,176
293, 594
72, 339
34, 265
19, 644
26, 436
25, 275
12,938
79, 780
156, 761
163, 513
55, 086
7,760
69, 475
18,533
15, 961
7,618
9,980
157, 854
5,743
527, 503
18, 770
4,297
191,798
16, 592
31, 905
316, 477
23, 021
8,889
4,854
30, 823
80, 722
8,012
7,094
40, 400
61,011
35, 103
79. 026
Single women and
married women not
living with husbands
Number
of
returns
(16)
6,710
130
3,718
3. 047
92,823
8,915
36, 152
3, 985
32, 798
10, 791
11,264
3,243
2,892
98, 767
20, 974
16, 789
8,642
9,681
10, 777
6, 725
22, 469
88, 873
62, 207
20, 620
3,330
26, 990
5,459
9,199
1,155
5,962
61, 236
2, 517
200, 280
12, 122
2,300
77, 178
8,541
9,621
125, 796
10, 463
5, 22.5.
2,877
11,374
33, 942
3,057
2,977
13,671
19, 695
8,470
30, 997
2,277
Net in-
come
(17)
1, 279, 703
6,
5,
185,
18,
77,
10,
64,
25,
22,
4^
194,
36,
25,
14,
17,
18,
13,
46,
187,
99,
34,
5
14,
2,
11,
120,
4,
429,
19,
3,
142,
13,
15,
234,
22,
7,
4,
19.
61,
5,
5,
25,
33,
14,
50,
3,
589
254
198
481
696
396
060
445
741
903
493
708
305
039
Oil
932
044
486
654
809
679
931
049
388
629
731
689
321
312
592
200
669
642
417
121
213
805
648
563
468
666
062
441
081
072
716
698
023
969
507
759
Community prop-
erty returns "
Number
of
returns
(18)
2, 457, 303
50, 690
Net in-
come
(19)
854
8,172
25, 498
298, 782
527
4,779
4,476
49, 818
•
381
4,539
689
6,476
322
4,318
14, 098
160, 037
3,845
38, 252
575, 172
For footnotes, sec p. 240.
no
STATISTICS OF INCOME, PART 1
Table 5. — Individual returns with net income (excluding fiduciary returns), 193-9.
by net income classes and by sex and family relationship: number of returns, net
income, personal exemption, and credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 2-5, 12-13
and 18.
[Net income classes and money figures in thousands of dollars]
Joint returns of husbands and wives, or of
Total
either husband or
wife when no other
return
is filed
Net income
classes
Number
Net in-
Personal
Credit
Number
Net in-
Personal
Credit
of
exemp-
for de-
of
exemp-
for de-
returns
come
tion
pendents
returns
come
tion
pendents
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Under 1 (est.) "..
321,315
229, 860
472, 693
28, 410
84, 314
51, 948
207, 248
19, 937
Under 1 (est.)
25, 2C6
13,303
908
133
129
95
62
1
1 under 2 (est.) "..
1, 448, 943
1, 973, 286
2, 566, 269
277, 779
338, 283
531,230
813, 567
77, 155
1 under 2 (est.).^.
1, 574, 675
2, 336, 343
1, 558, 656
18, 899
8,641
14, 422
10, 805
145
2 under 2.5 (est.) 'I
554, 562
1,260,811
1,372,872
139, 475
401, 183
920,541
996, 746
96, 500
2 under 2.5 (est.)-.
322, 484
713, 873
324, 869
15,371
8,436
19, 106
13, 616
249
2.5under3(est.)'L
907, 172
2, 458, 625
2, 266, 742
366, 255
832, 281
2, 255, 998
2, 080, 892
334, 585
2.5 under 3 (est.).-
270, 264
753, 582
447, 178
8,989
116,057
332, 906
284, 064
680
3 under 4 (est.)"..
422, 584
1,382,404
1, 056, 577
362, 895
393, 474
1, 287, 894
984, 413
340, 257
3 under 4 (est.).--
619. 126
2,15.5,511
1,315,118
92, 134
431, 770
1, 506, 938
1, 073, 828
71, 279
4 under 5 (est.) ".
18, 655
79, 369
46, 684
. 30, 454
17, 721
75, 353
44, 477
29, 127
4 under 5 (est.)...
402, 193
1, 794, 327
878, 401
127, 167
289, 984
1, 294, 167
722, 806
107, 699
5under6ii
671
3,570
1,685
1,607
599
3,186
1,520
1, 495
5 under 6
191,873
119,235
1,047,810
770, 401
423. 022
260, 608
80, 238
51, 1.52
136, 043
79, 446
742, 449
512, 856
339, 285
198, 095
68, 154
6 under 7
42, 077
7 under 8..-
76, 203
568, 659
165, 058
33, 951
47, 671
355, 427
118,895
26, 987
8 under 9
52, 207
442, 394
111,665
22, 488
30, 482
258, 206
76, 002
17, 000
9under 10
39, 122
370, 719
83, 299
16, 827
21, 865
207,118
54, 510
12, 336
10 under 11
29, 618
310,352
62, 465
12, 479
15, 746
164, 948
39, 215
8, 845
11 under 12
23, 491
269, 743
49, 330
9,748
12,008
137,819
29, 925
6,677
12 under 13
18, 871
235. 560
39, 669
7,889
9, 370
116,968
23, 326
5,256
13 under 14
15, 491
208, 908
32, 591
6,542
7, 472
100, 737
18,611
4.274
14 under 15
12, 930
187,301
27, 136
5,321
6, 058
87, 742
15, 080
3, 352
15 under 20
40,011
687, 927
83, 210
16, 579
16, 946
290, 487
42, 204
9,777
20 under 25
20, 796
463, 513
42, 840
8,462
7,596
168, 796
18,911
4,362
25 under 30
11,820
322, 650
24, 038
4,714
3,628
98, 789
9,036
2,108
30 under 40
12, 791
439, 454
25, 818
5,088
3, 378
115,689
8,400
1,992
40 under 50
6,343
282, 304
12, 789
2,455
1,412
62, 591
3, 507
809
50 under 60,.
3,588
195, 500
7,231
1, 366
683
37, 255
1,694
386
60 under 70
2,229
144, 271
4,517
868
383
24, 784
949
204
70 under 80
1,470
109, 352
2,935
592
225
16, 724
559
120
80 under 90
937
79, 127
1,886
332
105
8,887
256
50
90 under 100
686
64, 836
1,3.50
215
71
6,738
179
28
100 under 150
1,531
183, 131
3,014
537
148
17, 375
368
85
150 under 200
518
89, 357
1.019
150
43
7,396
106
24
200 under 250
233
51, 546
460
83
15
3,378
36
6
2.50 under 300
135
36,912
255
33
10
2,777
25
3
300 under 400
121
41,575
241
37
12
4,261
29
8
400 under 500
74
33, 149
160
26
4
1.790
10
1
500 under 750
79
47, 288
162
21
4
2,170
10
3
750 under 1,000...
23
20, 290
45
9
2
1,876
5
4
1,000 under 1.. 500..
24
29, 622
49
7
1,500 under 2.000..
6
10, 307
14
2,000 under 3.000..
10
25, 826
20
3'
3,000 under 4,000..
4
14, 089
10
3
4,000 under 5,000..
5,000 and over
Nontaxable re-
turns ".
3, 673, 902
7, 387, 926
7, 783, 522
1, 206, 875
2, C67, 855
5, 126, 150
5, 128, 863
899, 056
Taxable returns..
3, 896, 418
15, 550, 993
5, 992, 033
550, 905
1, 255, 843
6, 723, 667
3, 104, 407
394, 981
Total, indi-
vidual re-
turns
with net
income.. -
7, 570, 320
22, 938, 918
13, 775, 556
1, 7.57, 780
3, 323, 698
11,849,817
8, 233, 270
1, 294. 037
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
HI
Table 5. — Individual returns with net income {excluding fiduciary returns), 1939,
by net income classes and by sex and family relationship: number of returns, net
income, personal exemption, and credit for dependents — Continued
[Net income classes and money figures in thousands of dollars]
Separate returns of husbands and wives
Men
17
Women i'
Xet income classes
(1)
Num-
ber of
returns
(10)
Net in-
come
(11)
Per-
sonal
exemp-
tion
(13)
Credit
for de-
pend-
ents
(13)
Num-
ber of
returns
(14)
Net in-
come
(15)
Per-
sonal
exemp-
tion
(16)
Credit
for de-
pend-
ents
(17)
Under 1 (est.) " . -
5,410
2,110
9,439
9,800
1,905
8,671
1,516
9,750
723
26, 455
81
25, 631
8
9,055
8,519
7,203
6,055
5,208
4,298
3,797
3,362
2,895
2,571
9,141
5,631
3,700
4,386
2,374
1,472
957
631
438
320
696
232
111
50
51
43
33
11
13
4
7
2
3,054
1,198
13, 536
16, 024
4,278
19. 615
4,090
26, 794
2,411
93, 453
347
114, 762
43
49, 768
55, 276
53, 891
51,362
49, 386
45, 052
43, 635
41, 976
39, 066
37, 269
158, 008
125, 844
101,054
150, 997
105, 915
80, 362
62, 089
46, 908
36, 982
30, 246
83, 658
39, 851
24, 391
13, 669
17, 555
19, 264
20, 252
9,226
16, 171
6,673
18, 641
7,161
5,874
122
13, 991
8,208
3,929
8,958
3,528
11, 131
1,649
33, 560
191
35, 649
18
17, 923
18, 357
15, 944
13, 575
11,805
9,811
8, 658
7,771
6,714
6,001
21,435
13, 324
8,763
10,418
5, 018
3,516
2,275
1,518
1,047
762
1,669
559
257
122
120
103
80
28
30
10
15
5
654
33
1,813
516
655
1,218
637
1,-183
695
6,194
118
7,678
13
2,791
2,744
2,658
2,315
2,079
1,708
1,561
1,378
1,251
1,129
3,990
2,484
1,688
2,029
1,086
676
401
316
202
117
293
72
46
14
19
19
12
4
4
8,240
22, 274
10, 249
28, 658
1,074
13, 759
649
12, 794
322
27, 926
22
23, 565
5
5, 541
4,054
3,067
2,339
1,918
1,596
1,294
1,125
995
769
2,751
1,666
1,004
1,216
635
352
233
157
104
69
195
68
31
26
22
15
12
4
4
4,784
11,529
13,810
43, 183
2,362
30, 926
1,767
35, 120
1,093
98, 009
98
105, 267
27
30, 287
26, 263
22, 945
19, 842
18, 196
16, 736
14, 874
14, 030
13, 423
11, 142
47, 460
37, 235
27, 540
42, 131
28, 224
19, 179
15,110
11,698
8,834
6,516
23, 164
11.897
6,907
6,987
7,445
6,824
6,792
3,761
4,753
7,903
471
14, 000
10, 768
2,195
8,262
1,485
9,172
735
26, 422
38
25, 677
9
5, 078.
4,102
3,233
2,585
2,164
1,806
1,481
1.299
1,239
983
3,536
2,221
1,359
1,736
956
509
365
231
174
101
303
125
61
50
45
33
25
5
9
439
Under 1 (est.)
87
1 under 2 (est.) "
1,294
1 under 2 (est.)
653
2 under 2.5 (est.) "
282
2 under 2.5 (est.)
610
2 5 under 3 (est.) "
226
2.5under3 (est.)
3 under 4 (est.) "
696
272
3 under 4 (est.)
2,203
4 under 5 (est.) "
5
4 under 5 (est.)
1,942
5 under 6 "
3
5 under 6 --
560
466
398
8 under 9
344
9 under 10
296
10 under 11 - --
228
11 under 12
188
12 under 13
192
13 under 14
17P
128
15 under 20
481
20 under 25 -.
341
25 under 30
198
30 under 40
261
40 under 50 __
147
50 under 60 - .
82
60under70
101
70under80
46
80 under 90
24
90 under 100 .
72
100 under 150
48
150 under 200
19
200 under 250
11
250 under 300
7
300 under 400
5
400 under 500 .
4
500 under 750
750 under 1,000
2
(1.)
1,000 under 1,500--
2
1 500 under 2 000
2,000 under 3,000
1
1
1
2
2,858
6,927
3
5
2
3,000 under 4,000
1
5,000 and over
Nontaxable returns "
Taxable returns
19, 082
165, 683
27, 758
1, 913, 444
29, 180
285, 858
4,585
50, 213
20, 561
160, 241
23, 940
844, 015
26, 366
116, 593
2,520
10, 966
Total, individual re-
turns witti net in-
184, 765
1, 941, 202
315, 038
54, 798
180, 802
867, 955
142, 959
13, 486
For footnotes, see'p. 240.
112
STATISTICS OF INCOME, PART 1
Table 5. — Individual returns with net. income {excluding fiduciary returns), 1939,
by net income classes and by sex and family relationship: number of returns, net
income, personal exemption, and credit for dependents — Continued
[Net income classes and money figures in thousands of dollars]
Net income classes
(1)
Under 1 (est.) »
Under 1 (est.)
1 under 2 (est.) ".-_
1 under 2 (est.)
2 under 2.5 (e.st.) »-
2 under 2.5 (est.)...-
2.5 under 3 (est.) "-.
2.5 under 3 (est.)
3 under 4 (est.) ».._
3 under 4 (est.)
4 under 5 (est.) "-._
4 under 5 (est.)
Sunder &»
Sunder 6
6 under 7
7under 8
Sunder 9
9under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
sounder 40
40 under 50
sounder 60
60 under 70
70 under 80
80 under 90
sounder 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750 _.
750 under 1,000
1,000 under 1,500...
1,500 under 2,000. ...
2,000under 3,000. .. -
3,000 under 4,000....
4,000 under 5,000....
6,000 andover
Nontaxable returns n.
Taxable returns
Total, individual re-
turns with net in-
come
Heads of families
Single men and married men not
livine with wives
Num-
ber of
returns
(18)
10, 796
59
231, 680
1,171
93, 348
1,014
52, 006
5,111
21, 008
21,441
592
15, 168
33
7,923
4,979
3,287
2,294
1,699
1,286
992
765
657
540
1,539
748
419
396
236
113
65
45
30
23
48
11
6
4
409, 463
72, 080
481, 543
Net
income
(19)
7,166
40
356, 771
2, 014
207, 594
2,284
140, 783
14, 581
68, 273
75, 278
2,515
67, 619
177
43, 288
32, 221
24, 519
19,441
16, 102
13, 475
11,379
9,562
8,856
7,821
26, 352
16, 654
11,422
13, 578
10,601
6,098
4,186
3,365
2,536
2,171
5,769
1,906
1,329
1,083
702
810
3,640
1,025
783, 279
461, 709
Personal
exemp-
tion
(20)
26, 457
5
572, 398
1,420
232, 419
1,516
129, 941
12, 161
52, 501
52, 926
1,482
37, 582
83
19, 670
12,350
8,162
5,703
4,222
3,192
2,456
1,895
1,633
1,337
3,822
1,853
1,063
986
586
282
160
113
75
58
117
28
15
10
5
5
15
1, 015, 279
175, 423
1,190,703
Credit
for
depend-
ents
(31)
2,100
2
55. 125
88
25. 126
121
22, 446
126
16, 997
4,994
962
5,861
76
3,581
2,299
1,533
1,070
794
596
446
363
287
239
741
369
196
210
126
57
42
24
10
11
24
6
2
1
1
1
1
122, 832
24, 224
147, 056
Single women and married women
not living with husbands
Number
of
returns
(23)
8,649
19
192, 213
570
52,411
676
19, 768
1,997
6,662
10, 855
170
5,398
19
2,810
1,876
1,331
923
739
563
456
356
306
249
842
411
205
237
114
60
46
29
15
16
37
17
6
1
3
279, 892
31, 169
311,061
Net
income
(33)
6,056
17
287, 351
911
115,884
1, 526
53, 403
5, 675
21,417
37, 909
754
24, 096
101
15,344
12, 140
9,948
7,823
7.000
5,896
5,243
4.437
4,127
3.603
14. 400
9, 110
5,595
8,113
5,094
3,316
2,928
2,130
1,278
1,504
4,357
2.952
1,302
266
1,076
Personal
exemp-
tion
(34)
1,889
993
1,168
1,767
484, 967
214, 932
699, 899
21, 086
11
474, 821
668
130, 499
1,036
49, 355
4,627
16, 643
26, 016
426
13, 299
46
6,941
4, 635
3,286
2,281
1,820
1,395
1,122
873
745
615
2,081
1,017
511
586
285
149
115
72
38
40
93
43
14
3
692, 877
74, 437
767, 314
Credit
for
depend-
ents
(35)
1,998
(19)
45, 564
42
13, 782
98
7,444
75
4,387
2,664
235
1,868
18
1, 104
724
505
350
282
213
171
148
122
92
368
188
100
107
45
28
28
18
6
13
22
9
(15) ""
(19)
73, 427
9,399
82. 82.5
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
113
Table 5. — Individual returns with net income {excluding fiduciary returns), 1939,
by net income classes and by sex and family relationship: number of returns, net
income, personal exemption, and credit for dependents — Continued
[Net income classes and money figures in thousands of dollars]
Not heads of families
Net income classes
Single men and married men
living with wives
not
Single women and married women
not living with husbands
(1)
Number
of
returns
(36)
Net
income
(37)
Personal
exemp-
tion
(28)
Credit
for
depend-
ents
(39)
Number
of
returns
(30)
Net
income
(31)
Personal
exemp-
tion
(33)
Credit
for
depend-
ents
(33)
Under 1 (est.) n
105, 639
259
353, 329
921, 920
3,564
176, 252
655
73, 004
273
56, 790
24
25, 013
2
10, 072
6,675
4,540
3.254
2,483
1,997
1,552
1,182
1,079
887
2,715
1,496
884
979
504
284
184
131
90
63
148
55
27
20
14
2
9
3
3
1
1
80, 238
178
412, 643
1, 370, 356
7,792
388, 813
1,781
198, 375
898
193, 961
105
111,149
11
55, 040
43, 176
33,917
27, 574
23, 533
20, 933
17, 828
14, 738
14, 543
12,841
46, 694
33, 356
24, 193
33, 727
22, 458
15, 404
11,941
9,723
7,566
5,923
17, 937
9,598
6,081
5,471
4,878
905
5,381
2,585
4,183
1,927
2,230
105, 864
100
3.59, 819
922, 769
5, 319
177,511
1,046
74, 274
469
58, 024
27
25, 779
3
10, 272
6,818
4,622
3,307
2,523
2, 037
1,576
1,214
1,096
902
2,771
1,525
902
999
516
288
188
133
92
63
151
56
29
20
14
2
10
3
3
1
1
1,753
8
55, 660
11,244
2, 622
9,152
780
4,218
258
3,196
5
1,512
1
667
424
277
209
167
138
113
78
71
52
192
109
54
83
47
20
17
15
9
9
15
8
6
2
(")
(19)
98, 267
356
313, 750
603, 915
1.077
113,676
297
51,551
122
43, 889
45
17, 434
4
7,696
5,134
3,477
2,712
2,109
1,684
1,404
1,188
943
838
2,782
1,571
970
1,111
535
328
206
147
77
77
170
75
27
21
15
8
10
2
2
76, 614
246
357, 945
889, 432
2,360
251, 602
804
140, 132
419
149, 962
197
77, 267
21
42, 024
33, 222
25, 982
22, 982
19, 984
17, 658
16, 124
14, 849
12,717
12, 141
47, 886
35, 041
26, 496
38, 047
23, 705
17, 881
13, 268
10, 976
6,514
7,306
20, 162
12,810
5,961
5,818
4,998
3,556
5,927
1,850
2,322
98, 261
138
317,673
604, 019
1,765
113, 969
496
51, 748
16()
44, 343
44
17, 610
4
7,766
5,172
3,496
2,728
2,122
1,707
1,411
1,201
949
849
2,800
1,581
977
1,118
540
338
213
151
77
78
173
75
29
21
15
8
10
2
2
1,530
Under 1 (est.) . ---
1
1 under 2 (est.) n
1 under 2 (est.) ... - _
41, 169
6,211
2 under 2.5 (est.) »
2 under 2.5 (est.) .
509
3,922
2.5 under 3 (est.) i'
2 5 under 3 (est.) -
137
1,711
3 under 4 (est.) »
28
1,604
4 under 5 (est.) n
2
606
1
5 under 6
308
6 under 7
204
143
8 under 9
115
9 under 10
10 under 11
88
63
11 under 12 .
68
12 under 13 .
58
13 under 14
54
14 under 15
15 under 20
41
128
20 under 25 .
82
25 under 30 .
59
30 under 40 .....
69
40 under 50 . . ...
43
50 under 60
21
60 under 70
13
70 under 80
13
80 under 90 -.
4
90 under 100 .
3
100 under 150
17
150 under 200
5
200 under 250
4
250 under 300
4
300 under 400
(19)
400 under 500
500 under 750
(19)
750 under 1,000
1,000 under 1,500
1 500 under 2 000
2,000 under 3,000
1
2,097
1
3 000 under 4 000
5,000 and over
Nontaxable returns ">
Taxable returns
463, 486
1, 294, 572
503, 467
2,799,115
472, 546
1, 300, 588
61, 079
32, 115
413, 562
866, 141
438, 359
2, 018, 944
418, 409
867, 438
43,376
15,664
Total, individual
returns with net
income .
1,758,058
3,302,583
1, 773, 133
93, 195
1, 279, 703
2, 457, 303
1, 285, 847
59, 040
For footnotes, see p. 240.
114
STATISTICS OF INCOME, PART 1
Table 5. — Individual returns with net income {excluding fiduciary returns), 1939,
by net income classes and by sex and family relationship: number of returns, net
income, personal exemption, and credit for dependents — Continued
[Net income classes and money figures in thousands of dollars]
Community property returns
18
Net income classes
(1)
Number
of
returns
(34)
Net
income
(35)
Personal
exemption
(36)
Credit
for
depend-
ents
(37)
Under 1 (est.) " -
Under 1 (est.) .... ..
1 under 2 (est.) »
1 under 2 (est.)
2 under 2.5 (est.) "
2 under 2.5 (est.) ...... ... . ...
2.5 under 3 (est.) "
2.5 under 3 (est.) .. -
3 under 4 (est.) "
3 under 4 (est.) - .
4 under 5 (est.) " . .. ...
4 under 5 (est.) ... ...
5 under 6 n
Sunder 6-. ... ...
1
12, 733
8,552
5,627
4,148
3,101
2,448
1,988
1,523
1,144
1,018
3,295
1,677
1.010
1,088
533
296
155
105
78
47
89
17
10
3
2
5
69, 611
55, 308
42, 030
35, 164
29, 401
25, 6.53
22, 841
18, 999
15, 440
14, 743
56, 639
37, 477
27, 561
37, 173
23, 717
16, 065
9,966
7,828
6,529
4,433
10, 709
2,948
2,197
839
659
3
16, 088
11, 079
7,420
5,484
4,133
3,302
2,702
2,088
1,603
1,369
4,561
2,407
1,427
1,576
781
455
252
160
128
71
140
28
20
5
5
3,"072
6 under 7-- ... . ..
2,214
7under8
1,450
8under9
1,085
9 under 10
784
10 under 11 . . .........
688
11 under 12
523
12underl3
415
13 under 14
306
14 under 15
288
15 under 20. . ..
902
20under25
526
25 under 30
311
30 under 40.
336
40 under 50
153
50 under 60
95
60under70 ...
59
70 under 80
41
80 under 90.
26
90 under 100..
21
100 under 150.
33
150 under 200
7
200 under 250.
3
250 under 300
1
300 under 400
1
400 under 500 . .
500 under 750 . .
2
1,237
5
750 under 1,000
1,000 under 1,500
1,500 under 2,000 .
2,000 under 3,000.
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns "
1
50, 689
5
. 575,167
3
67, 289
Taxable returns
13, 342
Total, individual returns with net income.
50, 690
575, 172
67, 292
13. 342
For footnotes, see p. 240.
STATISTICS OF INCOME^ PART 1
115
Table 6. — Individual returns with net income and with no net income * (excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 2-6, 12-13,
and 21-25.]
[Thousands of dollars]
States and Territories
(1)
Alabama
Alaska '
Arizona
Arkansas
California -
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia _.
Hawaii--
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland .- -.
Massachusetts. - _
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska..
Nevada
New Hampshire
New Jersey.—
New Mexico
New York --.
North Carolina
North Dakota--
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina.-
South Dakota
Tennessee -..
Texas--
Utah
Vermont
Virginia
Washington 8.-
West Virginia
Wisconsin
Wyoming
Total, individual re-
turns
Sources of income
Salaries, wages,
commissions, etc.
Returns
with net
income
(3)
107
11
44
45,
1, 239,
104,
35?:
51
281
137
168
51
24
1,453
330
147,
101
129,
147,
56,
387!
796:
810
258,
46,
373
'69
9o:
20
42,
906
28:
3, 094
133,
22:
987:
133,
116,
1, 306,
103,
61
23,
168,
449,
47
31
212,
228,
139,
329,
22,
16, 440, 923
Returns
with no
net
income
(3)
250
37
170
242
4,320
230
781
155
313
808
471
82
35
3,401
582
316
394
446
504
214
868
1,572
1,736
690
193
1,338
113
274
61
124
2,388
60
12, 192
468
49
2,539
905
379
4,114
296
149
57
487
2,259
114
58
500
492
419
935
97
49, 677
Dividends from
domestic and
foreign
corporations 20
Returns
with net
income
(4)
8,736
478
4,232
5,487
188,020
20, 740
91,775
37, 769
20, 554
45,991
26, 869
8,942
2,174
184,495
38, 922
18, 302
9,891
21,909
20, 836
14, 169
49, 768
146, 038
95, 320
34, 809
4,234
64, 021
4,613
9,106
5, 097
12, 449
114, 859
2,860
524, 143
31,717
1,278
133, 480
14, 478
9, 875
209, 349
24, 228
5,612
2,265
20, 160
63, 033
5,434
5, 354
32, 842
23, 135
16,918
40, 820
2,969
2, 480, 557
Returns
with no
net
income
(5)
165
6
114
132
6,423
429
1,620
2,266
1,031
1,316
369
42
29
2,621
477
235
309
574
435
226
1,080
3,403
1,749
564
90
1,177
72
149
264
231
3,400
34
19, 238
204
23
2,142
825
308
4,948
454
130
36
389
1,245
112
74
452
484
276
669
54
63, 093
Taxable interest
Bank deposits,
notes, mortgages,
corporation
bonds 21
Returns
with net
income
(6)
3,660
547
1,912
1,888
59,815
6,471
19, 885
3,504
8,519
12, 441
4,499
937
1,115
50,617
7,694
9,209
4,414
4,760
7,086
7,411
16, 105
52, 222
18, 320
11,342
1,791
16, 622
1,768
3,557
903
4,179
47, 133
1,357
195, 478
2,468
928
23, 817
4,292
5,152
60, 395
8,072
2,075
782
3,622
19, 220
1,452
2,022
6,536
9,739
2,342
19, 586
1,100
760, 762
Returns
with no
net
income
(7)
5
46
82
2,181
113
402
136
98
527
140
8
17
1,409
145
126
161
129
171
109
372
920
803
253
86
399
22
89
87
63
1,250
24
7,545
78
24
438
192
163
1,348
123
48
36
84
758
21
53
110
246
34
354
23
22, 148
Partially
tax-exempt
Government
obligations "
Returns
with net
income
(8)
145
1
84
198
2,851
579
977
92
725
827
284
61
11
3,387
1,185
281
264
632
605
352
1,417
2,070
1,197
780
58
1,573
74
154
66
141
1,505
50
10, 439
210
26
4,133
747
171
4,231
344
97
22
308
1,617
56
76
552
271
374
546
61
46, 908
For footnotes, see p, 240.
116
STATISTICS OF INCOME, PART 1
Table 6. — Individual returns with net income and with no net income ^ {excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and Territories
(1)
Alabama.
Alaska'
Arizona
Arkansas. _ _
California
Colorado .-.
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri..
Montana.
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico..
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania. _ _ . .
Rhode Island.
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington 8 ___
West Virginia
Wisconsin
Wyoming
Total, individual
returns _
Sources of income — Continued
Partnership
. profit 23
Returns
with net
income
(10)
14,
1
5,
9
135,
12
15
2,
11
15,
16,
1
4,
105,
22,
19,
12
12,
20,
3,
21
38,
41
20
8,
27,
5,
10,
2,
2,
36
4,
228,
12,
2,
53
13
14
92,
5,
5
2,
15,
70,
3
1
12,
14,
6
17,
3
1, 240, 363
Returns
with
no net
income
(11)
130
15
46
95
984
28
97
21
37
129
127
3
21
673
159
68
165
151
396
46
98
101
238
106
26
304
50
35
22
6
370
40
2,249
50
19
358
304
129
721
21
43
39
100
1,096
20
6
131
91
50
127
42
10, 385
Income from
fiduciaries ^^
Returns
with
net
income
(13)
2,525
37
1,423
945
44, 477
3,395
27, 724
15. 473
7,953
17,777
4,256
2,688
201
44, 304
7,233
2,884
1, 873
4,379
1,912
5,731
19, 420
55, 163
16, 727
7,134
666
12, 889
605
1,006
1,080
3,433
40, 358
1,100
177, 594
3.616
186
31, 292
1,301
1,480
80. 790
9.230
1,429
222
3. 553
9.500
801
1,394
8.111
3,076
2,708
5,897
407
699, 359
Returns
with
no net
income
(13)
17
62
16
1,160
72
441
13
72
442
82
39
3
751
96
53
45
52
45
50
374
836
293
116
4
119
3
25
33
24
490
5
4,195
72
(.9)
358
59
42
1,235
228
58
(19)
76
301
26
36
95
98
29
83
160
12, 985
Rents and
royalties
Returns
with
net
income
(14)
768, 901
Returns
with
no net
income
(15)
287
13
162
271
4,889
193
556
39
331
820
498
48
65
2,570
443
346
591
282
488
108
363
874
1,435
346
111
925
82
237
44
105
1,012
76
4,339
396
57
1,146
1,923
340
1, 950
137
191
123
327
2,922
48
48
324
476
324
459
79
34, 218
Business
profit
Returns
with net
income
(16)
19,
2,
12,
14
275
2!
47
6,
27,
38,
28,
8,
10,
198,
55,
53
30,
23
30,
14
45
120,
111
51,
15
57,
14
24,
4,
11
112,
10,
376,
24
7,
135
28,
29,
212
14
13
7
27,
131
8,
5,
30,
47
19
58,
7,
2, 688, 624
Returns
with
no net
income
(17)
68
7
51
37
1,'446
111
233
16
115
376
157
15
49
834
164
128
178
159
207
31
132
460
471
120
58
290
133
95
17
31
664
37
2,702
216
17
532
358
134
789
67
45
83
91
1,184
14
12
87
156
83
194
40
13, 693
For footnotes, see p. 240.
STATISTICS OF INCOME, PART 1
117
Table 6. — Individual returns with net income and with no net income * {excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and Territories
(1)
Alabama
Alaska '
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
New Mexico
New York
North Carolina
North Dakota. _
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Mrgi lia
Washington *
West Virginia
Wisconsin.
Wyoming
Total individ-
ual returns. _
Sources of income— Continued
Capital gain ^s
Short-term 2'
Net short-term cap-
ital gain included in
col. 30 or 31 27
Returns
with net
income
(col. 22
-20)
(18)
795
38
378
423
12, 241
1,003
3,582
541
1,172
2,949
1,395
256
141
11,712
1,815
958
1,335
926
1,967
557
2,929
6,866
4,408
1,785
361
3,353
275
628
268
380
6,623
368
37, 656
944
90
6,795
1,473
843
10, 068
757
418
101
1,160
5,414
208
165
1,313
1,741
721
1,656
202
144, 151
Returns
with no
net income
(col. 23
-21)
(19)
15
31
468
27
153
25
20
163
31
2
4
389
27
14
95
34
199
12
75
205
200
39
4
138
29
12
13
1,821
18
9
201
241
20
330
31
9
3
16
533
3
13
53
47
6
49
6
6,152
Prior year net
short-term cap-
ital loss deducted -s
Returns
with net
income
(30)
33
(19)
(16)
23
(19)
24
1,049
21
131
551
7
122
196
1
578
10
219
(19)
25
21
2,406
135
67
393
858
1,210
186
27
223
15
74
37
40
1,421
17
5,339
63
2
1,184
58
43
1,854
320
30
(19)
73
278
13
25
121
196
102
148
11
20, 288
Returns
with no
net in-
come
(21)
(19)
148
(19)
(19)
Net short-term cap-
ital gain before de-
ducting cols. 20 or 21 2
Returns
with net
income
(col. 18
+20)
(22)
829
38
401
447
13.289
1,134
4,134
663
1,368
3,527
1,614
281
162
14,118
1, 950
1. 025
1,418
1,032
2,035
646
3, 322
7,724
5,615
1,971
389
3,576
289
702
305
421
8,044
385
42, 995
1,007
93
7,979
1,531
887
11,922
1,077
448
101
1,233
5,693
221
190
1,434
1,937
823
1,804
213
164, 438
Returns
with no
net in-
come (col.
19+21)
(23)
16
31
489
27
161
25
21
173
31
2
4
398
27
14
96
34
199
22
81
236
224
45
4
142
29
12
13
8
336
7
1,968
19
9
216
241
21
354
31
9
3
17
533
4
13
57
49
6
51
6
6,522
Net long-term
capital gain 30
Returns
with net
income
(24)
831
155
472
749
15, 100
1,195
5, 221
3,539
1,354
6,091
1,992
430
176
12, 433
1,852
1,152
1,595
1.207
3, 346
1,004
3,712
6,812
5,740
3,061
505
3,948
499
643
499
581
6,784
488
43, 812
1,225
64
8,841
1,420
1,003
13, 518
1,016
537
145
1,678
9,301
382
285
3,087
1,637
1,184
3,350
397
186, 053
Returns
with no
net in-
come
(25)
52
7
34
25
1,030
47
117
3
42
284
42
4
8
160
7
8
68
60
82
3
37
83
224
21
30
134
111
20
14
12
422
13
1,266
55
18
183
213
65
422
9
3
1
24
664
2
5
37
59
30
36
4
6,301
For footnotes, see pp. 240-241.
118
STATISTICS OF INCOME, PART 1
Table 6. — Individual returns with net income and with no net income ^ (excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and Territories
(1)
Sources of income— Continued
Net gain from sale
of property other
than capital
assets 31
Returns
with net
income
(36)
Returns
with no
net in-
come
(37)
Other income
Returns
with net
income
(38)
Returns
with no
net in-
come
(39)
Total income
Returns
with net
income
(30)
Returns
with no
net in-
come
(31)
Deductions
Partnership loss 2 J
Returns
with net
income
(33)
Alabama
Alaska '
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia,
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa.
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi...
Missouri
Montana.
Nebraska
Nevada
New Hampshire
New .Tersey
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...
140
66
222
202
3,926
321
395
57
505
621
494
81
117
1,817
632
243
336
295
593
113
463
550
1,141
494
188
671
207
209
91
74
730
182
2,188
268
49
1,136
516
406
1,287
119
198
60
353
2,597
70
35
409
619
237
506
95
12
1
4
(1.)
187
9
10
(19)
9
61
19
2
6
55
27
17
28
92
10
2
11
26
74
24
20
10
10
9
(1«N
' 3
45
10
142
18
1
55
158
19
68
5
2
14
5
221
2
4
1,193
1,049
1,162
1,440
32, 971
2,798
4,968
1,378
4,066
6, 502
4,018
722
817
26, 338
8,118
5,788
3,951
3,511
4,321
1,650
6, 445
16, 724
14,614
5,844
1,500
6,901
1,811
2,005
582
1,602
17, 908
830
49, 491
3,827
904
12, 369
5,325
2, 354
20, 862
1,986
1,722
579
3,032
17, 041
1,000
794
3,823
4,481
2, 145
6,466
496
73
24
31
72
695
41
63
15
52
142
90
6
30
311
35
71
123
52
124
10
118
135
235
109
46
124
19
57
19
17
226
18
1,227
81
18
228
342
89
305
18
37
17
20
787
15
9
42
147
26
126
14
165, 195
18, 603
76, 566
85, 672
2, 107, 697
184, 450
586, 272
125, 008
378, 463
299. 318
265, 070
79, 445
45, 709
2, 162, 175
490, 786
272, 450
180, 456
209, 854
255, 885
108,793
568, 991
1, 260, 727
1, 152, 975
405, 530
84, 220
588, 831
101, 480
148, 376
37, 695
82, 203
1, 313, 968
54, 368
4, 810, 460
226, 659
37, 066
1, 435, 602
220, 826
187, 349
2, 058, 699
173, 977
96, 837
38, 939
253, 495
855, 926
70, 558
49, 309
321, 288
345. 500
199,915
495, 381
41, 127
1,162
116
743
1,015
23, 956
1,314
4,498
2,689
2,133
5,103
2,032
251
268
13, 323
2,187
1,390
2,183
2,042
2,677
816
3,559
8,651
7,494
2,423
674
5,001
651
1,011
580
626
10, 619
326
57, 454
1,658
239
8,225
5,547
1,697
16, 382
1,393
720
412
1,632
11,994
378
320
1,848
2,330
1,286
3,141
520
131
41
99
94
3,094
253
367
72
168
746
275
23
48
2,115
385
305
343
245
441
97
318
520
957
337
221
505
106
198
76
39
593
133
6,962
172
43
923
419
191
1,661
316
64
35
267
2,530
47
41
201
167
174
216
38
Total, individual re-
turns
27, 322
1,607
332, 225
6,733
25, 816, 147
228, 690
27, 807
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
119
Table Q.—hidividual returns with net income and with no net income * {excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and Territories
(1)
Alabama
Alaska '
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michiean
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
Virgin ia
Washington '
AVest Virginia
Wisconsin
Wyoming
Total, individual re
turns
Deductions — Continued
Business loss
Returns
with
net
income
(34)
652
102
698
482
10, 616
902
1,571
640
711
1, 597
1,169
284
286
8,118
1,843
1,201
1,495
1,210
1,260
565
2.081
2,688
5,175
1,285
635
2,404
431
743
255
320
2,992
488
14, 530
1,032
235
3,961
1.643
798
7,098
770
599
291
1,177
7,145
259
260
1,919
1,121
662
1,619
351
100, 371
Returns
with
no net
income
(35)
1,344
218
969
727
16, 971
1,157
1,474
387
1,286
2,304
1,471
366
486
7,038
1,917
2,073
2,310
1.267
2,614
557
1,591
3,575
4,401
1,403
],039
2,070
498
969
396
390
3,495
727
15, 262
1,405
468
4,292
3,126
1,533
8,787
546
739
413
770
9,856
294
218
1,619
1,909
932
1,837
580
122, 076
Net long-term
capital loss " so
Returns
with
net
income
(36)
839
63
504
474
22, 900
1,958
11,846
1,395
2,660
5,405
1, 853
427
202
23,680
2,997
1,748
909
1,782
1,967
2,185
6,479
21,815
10, 076
3,875
446
6, 332
287
1,007
443
1, 295
18, 173
272
85, 078
1,558
123
13, 780
1,194
1,449
28, 558
2,949
535
213
1,444
3,910
447
604
2,651
2, 978
1,105
5,188
217
Returns
with
no net
income
(37)
4U7
34
608
551
14, 260
763
3,776
4,938
889
3,351
686
111
114
9,500
1,331
480
1,662
854
546
814
3,594
7,730
4,680
1,244
1.58
3,285
166
422
447
382
8,288
193
45, 589
512
70
5,786
594
1,116
11, 193
1,133
151
107
825
2,506
113
222
916
1,282
476
2,046
149
Net loss from
sale of property
other than
capital assets si
Returns
with
net
income
(38)
151, 049
120
11
103
93
2,664
208
711
88
329
817
291
51
59
2, 032
591
274
266
247
277
90
524
895
997
428
95
822
61
157
34
86
1,273
110
4,884
193
45
1,204
294
203
1,764
191
98
34
238
1,237
67
59
344
302
116
663
26, 795
Returns
with
no net
income
(39)
153
1
50
51
3,301
177
412
41
165
889
147
10
25
2,101
306
177
179
285
321
29
444
1,200
1,471
319
49
792
199
91
23
313
1,747
8
6,369
180
24
867
366
154
2,006
61
52
56
28
8
271
246
119
498
14
27, 755
Contributions ^s
Returns
with
net
income
(40)
3,047
91
860
1,743
24, 718
2,787
11, 762
3.615
6,359
4. 774
4,864
826
498
38, 184
7, 917
5,094
2,998
4,518
4,013
2,164
9,760
25, 230
19,903
7,729
1,985
12, 004
1,085
2,433
378
1,479
25, 349
610
116, 510
7,589
644
26, 306
4,055
2,059
46, 674
3,836
2,868
616
5,280
13, 628
1.397
924
7,661
3,319
2,974
9,222
452
494, 789
For footnotes, see pp. 240-241.
120
STATISTICS OF INCOME, PART 1
Table 6.- — Individual returns with net income and with no net ijicome * {excluding
fiduciary returns). 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and TiTritories
(1)
Alabama
Alaska'
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia ^
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine--
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri --.
Montana
Nebraska-
Nevada
New Hampshire
New Jersey
New Mexico.
New York
North Carolina..
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginiai
Washington *
West Virginia
Wisconsin
Wyoming
Total, individual re
turns
Deductions — Continued
Interest paid ^3
Returns
with
net
income
(42)
4,037
167
1,391
1,806
46, 985
3, 362
14,022
3,016
9,804
7,361
6,697
2,300
625
35, 993
7,962
5,677
4,164
4,792
5, 564
2,164
12, 309
21, 981
23,412
7,093
1,844
14, 403
1,244
3,042
497
1,439
26, 033
919
95, 858
7,420
632
29,374
6,050
3,604
46, 560
3,353
2,539
763
6,492
20, 666
1.415
911
9,269
4,987
4, 853
11,948
642
539, 440
Returns
with
no net
income
(43)
185
6
76
135
3, 681
135
664
143
214
677
368
41
36
1,865
273
247
274
310
393
126
510
1,186
988
790
74
925
44
163
59
93
1,132
21
8,318
251
25
1,392
610
203
3,059
223
109
25
247
1,873
62
47
316
300
285
549
75
33, 804
Taxes paid ss
Returns
with
net
income
(44)
4,304
118
147
392
931
318
247
511
278
860, 809
Returns
with
no net
income
(45)
161
5
144
105
4,527
340
598
69
203
871
395
25
39
2,168
362
295
336
247
242
129
437
1,540
1,566
502
113
781
32
139
32
140
1,378
22
8,220
243
36
933
933
300
2, 049
173
101
69
272
1,798
46
42
212
337
132
332
26
34, 196
Losses from fire,
storm, etc.3<
Returns
with
net
income
(46)
151
52
73
189
1,622
112
391
50
171
266
272
13
37
1.118
287
188
225
192
242
45
408
651
688
254
135
524
76
124
68
136
741
48
3,426
292
39
671
470
195
1,097
207
102
29
165
1,304
45
28
245
258
139
343
31
18, 635
Returns
with
no net
income
(47)
51
50
14
42
1,017
3
54
1
81
100
53
3
33
385
58
23
93
62
22
42
73
122
165
52
98
146
55
19
5
26
507
7
2,237
120
4
229
139
148
325
25
29
6
55
505
2
8
57
58
38
140
11
7,593
Bad debts "
Returns
with
net
income
(48)
657
39
275
405
6,772
594
2,025
291
718
1,278
771
85
174
6,138
1.153
603
741
606
940
292
1,216
2,408
3,434
1, 165
360
2,117
224
539
313
195
3,246
190
20, 244
984
221
3.653
1.066
584
4.843
530
358
180
700
4.469
226
143
736
983
410
1.442
150
81, 887
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
121
Table 6. — Individual returns unth net income and with no net income * {excluding
fiduciary returns), 1939, by States and Territories: amount for each specific source
of income and deductions, net income, and deficit — Continued
[Thousands of dollars]
States and Territories
(1)
Alabama
Alaska ^
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas J
Kentucky
Louisiana ._.
M aine
Maryland
Massachusetts. -
Michigan
Minnesota
Mississippi
M issouri
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
W yom ing
Total, individual returns
Deductions— Continued
Other deductions
Returns
with
net
income
(50)
294
351
835
182
260
557
926
029
486
m\
306
920
459
357
658
555
503
825
990
140
634
149
854
964
722
213
057
034
121
155
755
106
443
092
006
908
472
234
843
479
952
998
232
743
630
416,421
Returns
with
no net
income
(51)
294
34
160
367
5,342
564
1,055
118
568
1,253
722
12
76
3,077
431
382
666
801
901
no
697
1,971
2,941
832
170
1,591
214
297
132
177
2,381
109
11,835
400
51
1,636
3,621
360
3,738
172
181
149
851
4,709
382
78
406
672
319
827
96
58, 927
Total deductions
Returns
with
net
income
(52)
16, 387
956
7,580
10. 386
229, 070
21,361
66, 234
13,020
33, 033
39, 288
29, 803
7,127
3, 916
196, 364
44,820
33, 489
24, 073
25, 433
28. 284
13,040
56, 109
139,605
115,956
46, 607
11,450
69, 557
7,353
1.5, 131
3,704
9,318
138. 772
5,079
636, 248
34, 998
4,485
137, 643
34,021
18, 430
222. 901
20, 459
13, 504
4,788
26, 648
110, 132
8,061
4,989
36. 740
24, 162
17, 544
55, 854
3,310
2, 877, 229
Returns
with
no net
income
(53)
3,058
405
2, 240
2.192
57, 581
3,490
9,101
5,849
3,606
11, 195
4,418
591
939
30, 984
5, 091
3,989
6, 323
4,444
5, 899
1,930
8,176
19,029
18, 028
5,821
2,019
11,101
1,409
2,400
1,198
1,574
22, 244
1,229
121,510
3,658
807
18, 967
10, 956
4,486
36, 004
2,720
1,551
924
3,542
27, 543
1,014
644
4,381
5,615
2,840
7,116
1,188
513,016
Net income
on returns
with net
income
(54)
148, 808
17, 647
68, 986
75, 286
1,878,627
163, 090
520, 038
111,982
345, 429
260, 030
235, 267
72,317
41, 793
1,965,810
445, 966
238, 961
1.56, 384
184.421
227, 601
95, 753
512, 883
1, 121, 122
1,037,019
358, 923
72, 770
519, 274
94, 128
133, 245
33, 991
72, 885
1, 175, 197
49, 289
4,174,212
191,661
32, 581
1, 297, 959
186, 805
168, 920
1, 835, 798
153,518
83, 333
34, 152
226, 848
745, 794
62, 498
44, 321
284, 547
321, 338
182, 371
439, 527
37, 817
22, 938. 918
Deficit on
returns
with no
net
income
(55)
1,896
289
1,497
1.177
33, 625
2,176
4,(i02
3,159
1,473
6,091
2,386
340
671
17, 662
2,904
2,599
4.140
2,402
3.222
1,113
4,617
10, 379
10, 535
3,398
1,345
6,099
758
1,389
618
948
11,625
903
64, 056
2,000
568
10, 742
5,409
2,789
19, 622
1,327
831
512
1,910
15, 549
636
325
2,532
3,285
1,554
3,975
668
284, 327
For footnotes, see pp. 240-241.
122
STATISTICS OF INCOME, PART 1
Table 7. — Jndividxial returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939: total number of returns, number of returns ^5 and amount
for each specific source of income and deductions, and net income
fFor text defining certain items and describing methods of tabulating and estimating data, see pp. 2-6, 12-13.
and 21-25.]
[Net income classed and money figures in thousands of dollars]
Total
number
of returns
(3)
Sources of
income
Net income ' classes
Salaries, wages, com-
missions, etc. (indi-
vidual returns)
Dividends from do-
mestic and foreign
corporations 20
(1)
Number of
returns
(3)
Amount
(4)
Number of
returns
(5)
Amount
(6)
Individual returns and taxable fiduciary
returns ' with net income:
Under 1 (est ) 11 -
321,315
52,908
1, 448, 943
1, 587, 501
554, 562
325, 990
907, 172
272, 816
422, 584
622, 579
18, 655
404, 584
671
193, 542
120,494
77, 180
53, 034
39, 777
30, 128
23, 944
19, 279
15,798
13,188
40, 998
21,372
12, 198
13,203
6,591
3,731
2,303
1,531
983
724
1,618
648
211
110
131
81
84
27
25
6
10
4
156, 536
4,004
1, 224, 998
1, 455, 972
433, 131
282, 809
823, 793
227, 898
368, 963
510, 188
14, 422
312, 726
422
134, 869
80, 362
50, 158
33, 677
25,076
18, 748
14, 832
12,023
9,694
8.192
25, 161
12,995
7,387
8, 068
4,052
2, 2,83
1,4.50
931
598
454
1,007
334
155
70
71
40
47
18
13
4
9
1
154, 989
3,132
1, 665, 907
2, 213, 797
990, 518
616,075
2, 207, 992
618, 138
1, 182, 831
1, 709, 802
59, 330
1, 304, 387
2.024
681,024
464, 128
328, 783
245, 247
200, 723
161,722
136, 986
118,247
102, 912
92. 657
313, 490
198, 196
129, 903
165, 036
98, 948
63, 456
43, 469
32, 820
21 , 734
18. ,^67
48, 681
18, 428
10,852
4, 392
4, 669
2,274
2,194
724
1,204
111
391
32
70, 989
36, 709
155, 813
280, 768
101, 575
107, 277
152,851
100, 380
80, 234
237, 346
4,465
182, 279
192
93, 581
64, 391
44, 274
32, 386
25, 298
19, 919
16, 506
13, 627
11,4.59
9,676
31, 566
17, 177
10, 311
11,476
5,906
3, 377
2,137
1,410
940
691
1,537
531
237
139
124
79
79
27
23
6
10
4
33, 232
Under 1 (est )
63, 122
1 under 2 (est.) " --- -
51, 737
115, 953
2under2.5 (est.) "...,
33, 543
58, 811
2 5 under 3 (est.) 11 -
38, 093
2 5 under 3 (est.) -
63, 170
3 under 4 (est.) "
19, 851
151,075
4 under 5 (est ) 11 - -- --
2,026
141,355
135
99, 963
88, 931
75, 482
66, 883
9 under 10 --
61,059
10 under 11 - -- -
55,019
11 under 12 --'-
52, 442
12underl3 - -
47, 487
13 under 14 -
44, 532
40, 975
15 under 20
184, 773
20 under 25 - -- -
133. 149
25 under 30
106.911
30 under 40 .-
159. 617
40 under 50
118.012
50 uncipr 60 .
89, 851
(iS, 603
70 under 80 -
54, 936
80 under 90
43, 505
90 under 100
38, 323
100 under 150
107,611
150 under 200 ..
56. 844
33, 161
250 under 300 . -- -
28, 097
300 under 400 -
29, 882
400 under 500
28. 328
500 under 750 -
34, 787
750 under 1,000 .
22, 073
1,000 under 1,500 -
19, 093
1 500 under 2 000 - -
8,283
2 000 under 3,000
19. 253
3 000 under 4,000
12,018
4 000 under 5,000
Nontaxable returns n
3, 073, 902
3, 959, 297
3, 022, 265
3, 246, 384
6, 263. 590
10, 177, 332
566, 119
1,363,663
178,617
2,623,371
Total, individual returns and taxable
fiduciary returns with net income
7, 633, 199
6, 268, 649
16,440,923
1,929,782
2,801,988
Individual returns with no net income:
82, 444
17
17. 284
11
49, 473
204
26, 602
17
59, ,582
Taxable '
3,512
Total, individual returns with no net
82, 461
17, 295
49, 677
26,619
63 093
7, 715. fiOC
6, 285, 944
10. 490, 599
1,956,401
2, 865, 081
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
123
Table 7. — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939: total number of returns, number of returns ^'^ and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Sources of income— Continued
Taxable interest
Partnership profit 2J
Net income 3 classes
Bank deposits, notes,
mortgages, corpo-
ration bonds 21
Partially tax-ex-
empt Government
obligations 22
Number of
returns '6
(11)
Amount
(1)
Number of
returns 38
(7)
Amount
(8)
Number
of re-
turns 36
(9)
Amount
(10)
(12)
Individual returns and taxable fidu-
ciary return.s 3 with net income;
Under 1 ("est.) "
39 20,466
38 45, 890
38 13. 4.-.6
3» 88, 004
38 26,117
38 37, 767
38 27. 493
=8 37. 931
38 13,881
38 82. 1.88
39 1,7.58
3* 65, 338
96
41.213
33, 517
26, 863
21. 705
18, 776
16,316
14, 584
13,058
11,74?.
10, 523
38, 556
25, .557
17,940
23, 692
13, 266
8,104
6,035
4,224
2. 953
2,740
6,271
2,678
1,430
877
1,044
718
1,395
482
413
125
663
251
(39)
(38)
(o9)
(30)
(39)
(39).
(39)
(M)
(39)
(39)
(39)
(34)
266
3 434
3:422
2,948
2,653
2,540
2,148
1,784
1, 758
1, 602
1, 52(1
6.100
4,145
3,161
4,548
2,319
1,689
1,067
732
482
556
1,344
508
320
193
138
175
98
6
22
4
(19)
9,815
539
Under 1 (est.)
1 under 2 (est.) »
30, 367
1 under 2 (est.)
1 5, 456
2 under 2.5 (est.) '•
31 , 033
2 under 2.5 (est.)..
■ 11.909
2.5 under 3 fcst.) »
43, 376
2 5 under 3 (est.)
18 751
3 under 4 (est. ^ "
34,331
3 under 4 (est.) .-.
79, 809
4 under 5 (est.) "
3,446
4 under 5 (ost.">
107, 341
5 under C"..
173
75, 442
50,412
33, 851
24, 423
19, 106
1.5, 106
12, 550
10, 291
8,003
7, 398
24, 193
13, 227
8,101
9,049
4, 755
2,719
1,771
1,194
763
680
1,349
453
208
115
114
63
74
27
20
6
10
4
84
8,306
6.685
4,977
4,052
3.417
2, 862
2,375
2,110
1,8.57
1,649
5,697
3, 518
2,198
2,702
1,412
843
566
378
237
171
448
141
54
31
31
24
25
3
4
2
1
48
22, 0«1
15,840
10, 776
8,120
6,207
4, 986
4,087
3,376
2, 795
2,431
7,779
4,129
2, 4?8
2,00t
1,375
830
451
280
198
116
267
74
22
18
22
8
11
1
1
1
145
5 under 6
88, 906
6 under 7
74,813
7 under 8
58, 794
8 under 9 ..
50, 2.59
9 under 10
41,870
10 under 11
37, 065
11 under 12
33. 845
12 under 13
29, 906
13 under 14 . - . .
26, 4.57
14underl5
24, 451
15 under 20
92, 405
20 under 25
61,336
25 under 30 . . .
42, 294
30 under 40
56, 562
40 under 50
37,914
50 under 60
27. 892
60 under 70
17,917
70 under 80
11,744
80 under 90
9,200
90 under 100
5,692
100 under 1.50..
16, 124
150 under 200
5,945
200 under 250
2.218
250 under 300
2,438
300 under 400
1,905
400 under 500
1,059
500 under 750
115
750 under 1,000 . .
10
1,000 under 1,500
1,168
1,500 under 2,000
1
2,000 under 3,000
3,000 under 4 000
4,000 under 5,000
Nontaxable returns »
38 173
38 325, 977
139, 266
724, 828
36 84
36 56, 776
266
51, 474
36 48
36 101, 324
152, 519
Taxable returns
1,094,114
Total, individual returns and
taxable fiduciary returns with
net income .
36 326, 150
864,095
38 56,860
51, 740
36 101, 372
1, 246, 633
Individual returns with no net in-
come:
Nontaxable*
22,986
17
21, 925
222
2,337
1
1,698
1
3,732
2
10, 296
Taxable*
90
Total, individual returns with
no net income .
23,003
22, 148
2,338
1,698
3,734
10, 385
Grand total
36 349, 153
886, 242
36 59, 198
53, 438
36 105, 106
1, 257, 019
For footnotes, see pp. 240-241.
437826—42 9
124
STATISTICS OF INCOME, PART 1
Table 7.- — Individual returns and taxable fiduciary returns, with net income.^ by net
income classes, also aggregate for individual returns with no net income {excluding
fiduciary returns), 1939: total number of returns, number of returns ^^ and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Net income ' classes
(1)
Sources of income — ^Continued
Income from
fiduciaries "
Rents and royalties
Number
of re-
turns 3'
(13)
Amount
(14)
Number of
returns ^6
(15)
Business profit
(16)
Number of
returns 36
(17)
Individual returns and taxable fidu-
ciary returns ^ with net income:
Under 1 (est.) "
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.) --
2under2.,'i (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.) "
2.5 under 3 (est.) -
3 under 4 (est.) "
3 under 4 (est.)
4 under 5 (est.) n
4 under 5 (est.) -
5 under 6"
5 under 6
6 under 7...
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15.
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
eOimder 70
70 under 80
sounder 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000.._
1,000 under 1,500.
1,500 under 2,000_
2,000 under 3,000.
3,000 under 4,000.
4,000 under 5,000.
5,000 and over
Nontaxable returns "-
Taxable returns
Total, individual returns and
taxable fiduciary returns with
net income
43
11,847
8,861
6,343
4, 845
4,052
3,378
2,770
2,382
2,043
1,861
6,251
3,803
2,428
2,879
1,513
942
599
420
275
213
510
209
96
68
54
35
40
9
16
1
7
4
36 43
36 68, 754
Individual returns with no net in-
come:
Nontaxable *
Taxable 6
Total, individual returns with
no net income
Grand total
36 68, 797
3,999
4,007
36 72, 804
5,877
1,913
8,494
12,426
5,227
8,396
6,174
9,374
4,289
26, 683
696
29,801
142
29, 283
26, 146
22, 419
19, 996
18, 574
17, 663
14, 961
14, 234
13, 216
12,355
50,642
40, 176
31, 546
46, 574
31,054
23,045
18, 257
15, 275
9,307
8,442
29, 095
18, 337
12, 336
9,488
9,020
8,558
13, 431
3,527
13, 767
147
9,976
120
181
42, 401
27, 998
17,939
12,745
9,787
6,931
6,209
4,975
4,101
3,349
10,957
5,809
3,436
3,752
1,916
1,082
651
447
291
213
475
173
68
42
43
23
24
11
9
2
4
1
47, 375
10, 869
71,913
42, 284
54, 776
20, 229
47, 491
25, 622
25, 676
73, 674
2,321
66, 725
207
47, 001
35, 993
25,945
20, 355
17. 355
14, 201
12,697
11, 185
9,729
8,007
29, 902
19, 253
13, 355
17, 842
11,462
6,714
4,388
3,630
2,067
1,583
4,986
2,636
718
372
512
96
1,153
39
25
53
18
12
229
41,886
27, 021
17,005
11,432
8,345
6,148
4,639
3,618
2,895
2,329
6, 996
3,279
1, 675
1,643
688
375
207
129
100
46
102
23
5
5
4
4
3
1
30, 899
679, 564
36 181
36 165, 864
249. 760
562, 687
36 229
36 140, 603
710, 462
36 166, 045
812, 447
36 140, 832
12, 619
365
23, 469
6
12, 985
23, 475
723, 447
36 189, 520
34, 177
41
7,046
34, 218
7,046
846, 665
36 147, 878
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
125
Table 7.- — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for indiiidual returns with no net income {excluding
fiduciary returns), 1939: total number of returns, number of returns ^^ and amount
for each specific source of income and deductions, and net income-^Continued
[Net income classes and money figures in thousands of dollars]
Net income ^ classes
(1)
Individual returns and taxable
fiduciary returns 3 with net
income:
Under 1 (est.) »
Under 1 (est.) _.
1 under 2 (est.) »
1 under 2 (e.st.)-
2 under 2.5 (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
3 under 4 (est.)
4 under 5 (est.) »
4 under 5 (est.)
5 under 6 "
5 under 6 —
6 under 7
7 under 8
8 under 9-
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
sounder 60 -.
60 under 70
70 under 80
sounder 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300.:.-.
300 under 400
400 under 500
500 under 750
750 under 1,000...
1,000 under 1.500.
1,500 under 2,000.
2,000 under 3,000,
3,000 under 4,000-
4,000 under 5,000.
5,000 and over
Nontaxable returns ".
Taxable returns
Total, individual returns
and taxable fiduciary
returns with net in-
come
Individual returns with no net
income:
Nontaxable *
Ta.\able6
Total, individual returns
with no net income
Grand total
Sources of income — Continued
Capital gain '
Short-term 2'
Net short-term capi-
tal gain included in
col. 30 27
Num
ber of re-
turns 3'
(19)
26
13, 347
10, 109
7,285
5,726
4,762
3,822
3,231
2,738
2,404
2, 054
6.798
3,993
2,535
2,884
1,483
897
522
330
240
161
405
118
72
35
34
20
20
7
8
3
2
1
36 26
36 76, 046
36 76, 072
4,773
3
4,776
Amount
(col. 23-22)
(30)
Prior year net
short-term capital
loss deducted ^s
Num-
ber of re-
turns 36
(31)
jVmount
(33)
2,345
1,716
3,686
5,483
2,606
3,474
3,075
4,298
2,416
11, 857
331
11, 827
15
10, 192
8,816
7, 111
5,991
5,396
4,765
4,278
3.675
3. 341
3.260
12, 109
9,029
6,216
8,600
4, 728
3,907
2,132
1,583
1,270
1,079
2,466
1,357
335
332
1,179
956
1,045
21
84
1
11
3
14, 474
153. 924
168, 397
6,149
3
6,152
2
1,170
952
813
062
531
478
438
369
373
314
1,135
721
497
620
384
217
143
108
65
46
149
49
20
19
8
6
8
4
36 2
36 10, 303
36 10, 305
290
2
80, 848
174. 549 136 10, 597
171
205
147
429
82
217
132
248
86
902
7
918
1
1,043
941
922
742
605
601
612
676
658
537
2,027
1,484
1,231
1,509
1,099
720
425
268
393
176
499
176
39
73
66
63
19
47
31
5
626
20, 605
21, 231
370
(19)
371
21, 601
Net short
term capital
gain before
deducting
col. 22 21
(col. 20-f22)
(33)
2,516
1,921
3,833
5, 912
2,688
3,691
3,207
4,546
2,502
12, 759
338
12, 745
16
11, 236
9,757
8,033
6,733
6,001
5,365
4,890
4,351
3,999
3,797
14, 136
10, 513
7,447
10, 110
5,827
4,627
2,558
1,851
1,663
1, 255
2,965
1.533
374
404
1,246
1,018
1,063
68
116
5
11
3
15, 100
174, 529
189, 628
6,519
3
Net long-term
' capital gain 3o
Number
of
returns 36
(34)
Amount
(35)
19
!•?, 949
9,723
7,106
5.593
4,549
3,717
3,290
2,601
2,387
1,998
6,932
4,107
2, 646
3,051
1,620
1,005
627
462
298
223
557
208
101
55
60
37
49
9
12
4
4
4
36 19
' 75, 984
36 76, 003
2,920
6,522
196, 150
2,920
1, 849"
4,831
2, 913
6,238
2,130
3,135
2,281
3,574
1,651
9.756
107
10, 548
13
8,661
7.701
6,282
5.888
5,060
4,473
4,586
3,729
3,534
3,088
13, 049
9,985
8, 033 ,
11,867
8,482
6,615
4,375
4,517
3,282
2,690
10, 508
5,639
3,296
2,111
5,815
3,504
6,525
2,531
4,645
3,831
1,408
4,709
10, 945
218. 513
229, 458
6,301
6,301
For footnotes, see pp. 240-241.
78, 923 I 235, 759
126
STATISTICS OF INCOME, PART 1
Table 1.- — Individual returns and taxable fiduciary rettirns, with net income,^ by net
income classes, also aggregate for individual returns with no net income {excluding
fiduciary returns), 1939: total number oj returns, number of returns ''' and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Sources
-)l income — Continued
Net gain from
sale of property
other than, capital
assets "
Other income
Net income ' classes
Number
of
returns 3»
(28)
Amount
(29)
Total
(1) .
Number
of
returns s^
(26)
Amount
(27)
(30)
Individual returns and taxable fiduciary returns s
with net income:
Under 1 (est ) " -
971
156
1,674
743
1,506
450
1,557
867
1,131
2,935
48
3,046
8
2,071
1,678
1,380
965
888
712
611
406
372
349
1,334
740
467
548
291
191
81
77
22
55
112
7
(")
1
51
2
17, 534
1,373
35,686
36, 625
25, 017
14, 161
29,144
16,047
16, 782
39, 499
1,075
28, 173
34
10, 044
7,404
5,399
4,387
3,792
3,291
3,046
2.481
2,212
1,698
7,593
5,223
3,424
4.773
3,140
1,670
1,353
1,419
597
475
1,242
635
452
213
134
61
96
104
51
25
205
365, 724
134, 646
1 under 2 (est ) " - -
2, 169, 033
1 under 2 (est ) -
2, 581, 046
2 under 2 5 (est.) ••
1, 410, 346
2 under 2 5 (est.)
800, 115
2 5 under 3 (est.) "—
2, 628, 287
2 5 under 3 (est ) -
851, 479
1, 482, 837
2, 434, 779
88,304
2, 048, 573
5 under 6"
9
2,243
1,471
1,003
727
566
457
371
302
238
185
714
351
191
224
117
63
40
22
10
8
22
10
1
4
4
1
39
14, 873
10,239
6,886
5.033
4.023
3,142
2,671
2,280
1,787
1,623
5,501
3,229
2,045
2,436
1,305
756
480
354
235
159
349
144
68
40
34
24
23
13
9
3
4
4,187
1, 214, 699
898, 808
7 under 8
667, 851
8 under 9
524, 548
9 under 10
440,866
10 under 11
369, 953
11 under 12
322, 839
12 under 13 - - -
282,128
13 under 14
251,411
225, 341
15 under 20
842, 923
20 under 25
561, 372
25 under 30 _
396, 199
sounder 40
539, 733
40under50
351, 168
50 under 60 -
246, 185
60under70
176, 416
70under80
136, 632
sounder 90-
98,766
90 under 100
82, 934
100 under 150---
235. 412
150 under 200 .
115,342
200 under 250.--
65. 593
49, 179
300 under 400
55.064
400 under 500
46, 203
500 under 750-
61. 253
750 under 1,000
2
3
30. 353
1,000 under 1,500
40, 473
1,500 under 2,000
12, 581
2.000 under 3,000
31, 926
3,000 under 4,000
17, 145
4.000 under 5,000
5,000 and over
Nontaxable returns "
39 9
38 9, 347
6,894
21, 609
36 39
36 69, 768
125, 271
212, 514
8, 148, 718
Taxable returns.-
18, 241, 932
Total, individual returns and taxable
fiduciary returns with net income -..
36 9, 356
28,504
56 69, 807
337, 785
26, 390, 649
Individual returns with no net income:
Nontaxable * ---
1,232
1,607
7,429
8
6,714
19
224, 234
Ta.xable«
4,456
Total, individual returns with no net in-
come
1,232
1,607
7,437
6,733
228, 690
Grand total
M 10, 588
30, 110
36 77, 244
344, 518
26, 619, 339
For footnotes, see p. 240-241.
STATISTICS OF INCOME^ PART 1
127
Table 7.- — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939: total number of returns, number of returns ^5 and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Deductions
Net income 3 classes
Partnership loss "
Business loss
Net long-term
capital loss " 3o
(1)
Number
of
returns 36
(31)
Amount
(32)
Number
of
returns 36
(33) '
Amount
(34)
Number
of
returns 39
(35)
Amount
(36)
Individual returns and taxable fiduciary
returns 3 with net income:
Under 1 (est )" -
2,450
189
1,983
716
971
348
966
520
540
1,774
71
1,652
7
1,291
1,142
838
685
617
575
384
409
356
429
1,280
979
1,004
1,017
574
453
436
191
171
199
411
369
260
185
1,157
25
20
367
372
12, 663
394
10, 175
2,356
4,828
1,223
3,720
1,776
2,085
6,665
265
5,930
18
4,167
3,417
2,782
2,034
1,847
1,755
1,363
1,311
1,259
1,100
4,300
2,911
2,475
3,416
2,840
1,640
1,247
1,008
745
466
1,716
1,004
1,036
380
73
667
768
1,687
312
18
44
10
19,542
Under 1 (est )
2,900
1 under 2 (est.)"
15,344
1 under 2 (est )
11, 109
2 under 2 5 (est )••'
7,547
5.908
2 5 under 3 (est )ii
7.270
6,951
4,416
20,320
619
19, 882
5
1,549
1,109
799
660
499
416
330
269
258
199
763
479
329
387
192
122
87
50
39
40
63
27
16
10
7
6
6
1
2
8
3,324
2,359
1,629
1,189
968
797
638
559
492
394
1,478
813
507
711
459
256
163
123
77
55
156
73
43
20
6
10
18
7
5
1
2
2
37
15, 303
11, 633
8,686
6,844
5,720
4,679
3,888
3,429
2,992
2,502
8,731
5,037
3,287
3,775
2,119
1,228
781
489
345
262
568
217
82
54
42
30
25
13
10
2
4
67
16, 515
6 under 7 . -
14, 082
7 under 8 .
11, 784
8 under 9 ---
10, 663
9 under 10-.
9,615
10 under 11. -
7,942
11 under 12 ---
7,129
12 under 13
6,246
13 under 14 --
6.367
5,734
15 under 20 .
20, 184
20 under 25 -.
14,234
25 under 30 -
11, 653
30 under 40
15, 192
40 under 50
9,003
50 under 60
6,427
60 under 70 -
3,493
70 under 80
2,841
80 under 90
2,224
90 under 100
1,619
4,154
150 under 200 -
1,887
200 under 250
766
250 under 300 -
903
300 under 400 ---
620
400 under 500
427
500 under 750
592
750 under 1,000
131
1,000 under 1,500
1,999
1 500 under 2,000
234
2,000 under 3,000
1
1
380
3 000 under 4 000
5,000 and over -
36 5
36 8, 715
6,989
21, 396
36 8
36 17, 334
33, 753
67, 141
39 37
3« 92, 777
54,804
262, 110
Total, individual returns and tax-
able fiduciary returns with net
income
36 8, 720
28, 385
39 17, 342
100, 895
39 92, 814
316,915
Nontaxable *
4,849
3
28,392
4
46,535
1
122, 075
1
17, 651
17
146,444
4,605
net income --.
4,852
28, 396
46, 536
122, 076
17,668
151,049
Qrand total-. .
36 13, 572
56, 780
36 63, 878
222, 971
36 110,482
467, 964
For footnotes, see p. 240-241.
128
STATISTICS OF INCOME, PART 1
Table 7. — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income {excluding
fiduciary returns), 1939: total number of returns, number of returns ^^ and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Deductions
—Continued
Net income 3 classes
Net loss from sale
of property other
than capital
assets 31
Contributions 3!
(individual
returns)
Interest paid 33
(1)
Number
of
returns 36
(37)
Amount
(38)
Number
of
returns 36
(39)
Amount
(40)
Number
of
returns 36
(41)
Amount
(43)
Individual returns and taxable fiduciary
returns 3 with net income:
Under 1 (est.)"
3,020
280
3,034
802
1,396
491
1,023
532
697
2,235
85
1,896
11
1,464
1,083
928
613
631
489
456
375
374
301
1,215
750
490
634
299
344
226
173
44
158
171
170
64
2
24
10
41
4
1
3
308
9,279
599
30, 020
61, 948
20, 174
16, 744
29, 187
16, 458
17, 357
44,662
1,515
36, 843
93
22, 489
16, 603
12, 319
9,872
8,216
6,988
5,999
5,347
4,801
4,260
16, 084
11, 130
8,393
12, 067
8,750
6,346
5,018
4,196
3,017
2,717
8,830
4,871
3,031
2.055
2,846
2,214
3,443
1,715
1,703
1,219
2,189
1,183
20, 890
Under 1 (est.)
2,086
1 under 2 (est.)"
35, 330
1 under 2 (est.).
21, 873
2 under 2.5 (est.)"-
36, 477
2 under 2.5 (est.)
9,121
2.5 under 3 (est.)"..
42, 970
2.5 under 3 (est.)
14,388
3 under 4 (est.)"
28, 109
3 under 4 (est.)
54, 977
4 under 5 (est.)"
2,371
4 under 5 (est.)..
57, 708
5 under 6"
5
2,008
1,336
971
705
676
433
366
293
256
211
757
371
227
302
162
96
58
45
24
21
44
18
6
1
2
4
4
2
2
1
4
486
158, 569
99, 017
63, 950
44, 254
33, 330
25, 305
20, 218
16, 340
13. 485
11, 296
35. 119
18, 393
10, 568
11,606
5,825
3,300
2,055
1,387
892
656
1,464
499
222
127
115
73
74
23
24
6
10
4
318
100, 521
62, 719
40, 713
28, 226
21, 280
16, 205
12, 965
10, 505
8,742
7,179
22, 640
11, 960
6,908
7,711
3,949
2,320
1,483
948
646
487
1,102
365
183
92
89
58
67
23
17
5
6
4
153
Sunder 6
34,114
6 under 7
24, 625
7 under 8
18, 295
8 under 9
14,364
9 under 10-
11,557
10 under 11
9,467
11 under 12 .
8,190
12 under 13..
7,156
13 under 14
6,374
14 under 15
5,423
15 under 20
19, 248
•20 under 25
12,258
■25 under 30
7,858
30 under 40
11, 062
40 under 50
6,989
50 under 60
5,090
60 under 70...
3,174
rounder 80
2,287
80 under 90
1,633
90 under 100-
1,451
100 under l.'iO
4,358
150 under 200
2,159
200 under 250
1,195
250 under 300
694
300 under 400
667
400 under 500
.531
500 under 7.50
652
750 under 1,000
351
1,000 under 1.500
260
1,500 under 2,000 .
100
2,000 under 3,000
164
3,000 under 4,000
678
4,000 under 5,000 ...
5,000 and over-
Nontaxable returns "
36 5
s« 9, 306
9,266
18,083
36 486
36 578, 206
107, 627
387, 163
36 318
36 370, 118
166, 300
Taxable returns .
382, 577
Total, individual returns and tax-
able fiduciary returns with net
income
89 9, 311
27, 349
36 578, 692
494, 789
36 370, 436
548. 877
Individual returns with no net income:
Nontaxable <
4,295
27, 755
24, 277
11
3,974
139
24, 827
14
33. 430
374
net income
4,295
27, 755
24, 288
4,112
24, 841
33.804
Grand total
36 13, 606
55, 104
36 602, 980
498, 902
36 395, 277
582,681
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
129
Table 7. — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 19S9: total number of returns, number of returns ^^ and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousands of dollars]
Net income ' classes
(1)
Deductions — Continued
Taxes paid '•
Number
of
returns '^
(43)
Amount
(44)
Losses from fire,
storm, ctc.3* (indi-
vidual returns)
Number
of
returns 3«
(45)
Amount
(46)
Bad debts '< (indi-
vidual returns)
Number
of
returns ''
(47)
Individual returns and taxable fiduciary
returns ^ with net income:
Under 1 (est.)"- -
Under 1 (est.)-— :
1 under 2 (est.)"
1 under 2 (est.) --.
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)...
3 under 4 (est.)"
3 under 4 (est.)..
4under 5 (est.)"
4 under 5 (est.)
5 imder 6 "
5 under 6
6 under 7
7 under 8
8 under 9_
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20..
20 under 25
25 under 30.
sounder 40
40 under 50
50 under 60..
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300...
300 under 400...
400 under 500
500 under 750
750 under 1,000.
1,000 under 1,500-.
1,500 under 2,000-.
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
469
166, 588
104, 752
67, 550
47, 174
35, 564
27, 092
21, 682
17, 487
14, 406
12, HI
37, 766
19, 821
11,409
12, 421
6,276
3,551
2,203
1,477
942
700
1,577
541
237
138
130
81
84
27
-25
6
10
4
32, 048
6,155
54, 217
62, 735
45, 289
21, 560
54, 721
27, 608
30, 056
81, 276
2,462
72, 162
157
44,412
34, 117
25, 820
20, 909
17,887
15, 268
13, 233
11,854
10, 600
9,641
35, 690
24, 253
17, 242
24, 378
16, 714
11,267
7,943
6,519
4,663
3.904
11,318
5,599
3,591
2,085
2,352
1,943
3,135
1,335
1,339
444
1,513
17
5,002
3,252
2,149
1,571
1,103
852
665
552
484
405
1,227
707
387
499
277
154
86
70
58
38
100
27
16
10
7
5
10
6
4
i'
1,272
44
1,175
622
786
258
764
440
537
2,316
53
1,571
4
1,255
997
716
552
454
385
352
229
242
214
822
552
301
372
309
151
120
68
81
63
231
30
99
6
6
40
61
51
29
28
8,360
5,699
4,128
3,036
2,342
1,782
1,542
1,284
1,116
886
3,150
1,741
1,164
1,332
794
467
287
233
151
116
266
89
40
33
29
13
27
7
8
1
5
1
Nontaxable returns " -
Taxable returns
36 469
I 613, 832
218, 949
663, 440
36 17
36 19, 724
4,591
14,044
36 28
3« 40. 129
Total, individual returns and
taxable fiduciary returns with
net income
39 614, 301
882, 390
3« 19, 741
18, 635
36 40, 157
Individual returns with no net income:
Nontaxable <
Taxable 6
36. 903
17
33, 977
219
1,546
7,593
4,332
Total, individual returns with no
net in come
36, 920
34, 196
1,546
7,593
4,336
Grand total.
1651,221 916,586
36 21, 287
26, 228
36 44, 493
For footnotes, see pp. 240-241.
130
STATISTICS OF INCOME, PART 1
Table 7. — Individual returns and taxable fiduciary returns, with net income,^ by net
income classes, also aggregate for individual returns with no net income (excluding
fiduciary returns), 1939: total number of returns, number of returns ^^ and amount
for each specific source of income and deductions, and net income — Continued
[Net income classes and money figures in thousandsof dollars]
Net income ^ classes
(1)
Deductions — C ontinued
Other deductions "
Number
of
returns 36
(49)
Amount
(50)
Total
deduc-
tions "
(51)
Amount
distribut-
able to
benefici-
aries
(fiduciary
returns)
(52)
Individual returns and taxable fiduciary
returns s with net income:
Under 1 (est.)"
Under 1 (est.).
1 under 2 (est.)"
1 under 2 (est.)
2under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
Sunder 4 (est.)"
Sunder 4 (est.)
4 under 5 (est.)"..
4 under 5 (est.)
Sunder 6"
Sunder 6
6 under 7 .-
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000-.
1,000 under 1,500.
1,500 under 2,000.
2,000 under 3,000.
3,000 under 4,000.
4,000 under 5,000.
5,000 and over
123
46,119
29, 990
20, 324
14,611
11,232
8,715
7,252
5,978
5,030
4,188
14, 143
8,056
5,060
5, 630
3,086
1, 886
1,239
851
541
444
990
355
175
30, 670
8,530
39, 925
29, 877
29, 535
10, 577
26, 682
13, 544
14, 945
36, 919
1,225
33, 202
84
21, 273
15, 797
11,935
9,294
8,040
6,800
5,707
4,950
4,328
4,267
14, 833
9.859
6,859
9,898
6,316
5,636
3,244
2,337
1,764
1,749
4,883
2,465
1,231
1,064
788
816
1,588
629
746
184
1,280
116
135, 864
21, 402
195, 747
193, 794
149, 535
67, 138
169, 662
83, 735
100, 433
255, 405
8, 935
236, 264
617
151,524
115,614
8S, 138
71,515
60, 973
51,311
44, 496
39, 169
36, 233
32, 447
118,353
79,917
58, 863
81, 661
54, 398
38, 916
26, 017
20, 765
15, 016
13, 022
37, 824
19, 466
12, 185
8,181
8,957
6,991
10, 772
6,503
7,391
2,214
6,100
3,066
89, 193
32, 688
11, 273
7,184
11,920
7,319
6,228
4,588
3, 762
3, 629
2,967
2,943
3,405
2,308
2,130
1,856
19,619
5,053
4,332
4,450
3,425
3,835
1,376
1,975
728
1,484
3,629
1,580
92
1,127
1,063
2,868
194
47
1,993
Nontaxable returns ".
Taxable returns
36 123
36 196, 294
143, 066
303, 326
760, 792
2, 185, 722
252, 264
Total, individual returns and tax-
able fiduciary returns with net
income
36 196, 417
446, 393
2, 946, 514
Individual returns with no net income:
Nontaxable *
Taxable* .
20, 823
15
58, 768
159
507, 432
6,584
Total, individual returns with no
net income
20, 838
58, 927
613, 016
Grand total.
36 217, 255
605, 320
3, 459, 530
252, 264
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
131
Table 7- A. — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source of income and deductions, and net income
(For text defining certain items and describing methods of tabulating and estimating data, see pp. 2-6, 12-13,
and 21-25]
[Net income classes and money figures in thousands of dollars]
Total
number of
returns
(3)
Sources of
ncome
Net income classes
Salaries, wages, com-
missions, etc.
Dividends from do-
mestic and foreign
corporations '»
(1)
Number
of returns
(3)
Amount
(4)
Number
of returns
(5)
Amount
(6)
Returns with net income:
Under 1 (est.) n
321,315
25, 206
1, 448, 943
1, 574, 675
554, 562
322, 484
907, 172
270, 264
422, 584
619, 126
18, 655
402, 193
671
191, 873
119,235
76, 203
52, 207
39, 122
29, 618
23, 491
18, 871
15, 491
12, 930
40,011
20, 796
11,820
12, 791
6,343
3.588
2, 229
1,470
937
686
1,531
518
233
135
121
74
79
23
24
6
10
4
156, 536
4,004
1, 224, 998
1, 455, 972
433, 131
282, 809
823, 793
227, 898
368, 963
510, 188
14,422
312, 726
422
134, 869
80, 362
50,158
33, 677
25, 076
18, 748
14, 832
12, 023
9,694
8,192
25, 161
12, 995
7,387
8,068
4.052
2,283
1,450
931
598
454
1,007
334
155
78
71
40
47
18
13
4
9
1
154, 989
3,132
1, 665, 907
2, 213, 797
990, 518
616,075
2, 207, 992
618, 138
1, 182, 831
1, 709, 802
59, 330
1, 304, 387
2,024
681, 024
464, 128
328, 783
245, 247
200, 723
161, 722
136, 986
118, 247
102,912
92, 657
313,490
198, 196
129, 903
165, 036
98, 948
63, 456
43, 469
32, 820
21, 734
18, 567
48, 681
18, 428
10, 852
4,392
4,669
2,274
2,194
724
1,204
HI
391
32
70, 989
17,417
155,813
271, 287
101, 575
104, 561
152,.851
98, 334
80, 234
234, 577
4, 465
180, 309
192
92, 222
63, 330
43, 435
31,672
24, 738
19, 476
16, 107
13, 256
11, 182
9,443
30, 661
16, 661
9,968
11,102
5,674
3,245
2,067
1,350
895
655
1,453
501
229
128
114
72
74
23
22
6
10
4
33, 232
Under 1 (est.) .
8,807
1 under 2 (est.) u
51, 737
1 under 2 (est.)..
88, 232
2 under 2.5 (est.) u
33, 543
2under 2.5 (est.)^ ... ..
48, 347
2.5 under 3 (est.) "
38, 093
2.5 under 3 (est.) _
55, 159
3 under 4 (est.) u
19, 851
3 under 4 (est.)..
137, 559
4 under 5 (est.) u
2,026
4 under 5 (est.) . .
131,071
5 under 6 "
135
5 under 6 .
91,016
6under7.-.
81, 593
7under8
68, 893
8 under 9
60, 388
Sunder 10
55, 798
10 under 11
49. 790
11 under 12
46, 752
12 under 13
42, 776
13 under 14 .
40, 405
14 under 15 . .. . ..
37, 261
15 under 20
155, 586
20 under 25
120, 574
25 under 30
97, 450
30 under 40
147, 059
40 under 50
107, 279
50 under 60
81, 184
60 under 70
64, 181
70 under 80
60, 387
80 under 90 ...
40. 090
90 under 100 .
34, 019
100 under 150_
96, 034
150 under 200
51, 657
200 under 250.. ..
31,452
250 under 300
24, 585
300 under 400
27, 243
400 under 500 .
23, 708
500 under 750 .
32, 290
750 under 1,000
20, 026
1,000 under 1,500..
13, 732
1,500 under 2,000
8,283
2,000 under 3, OuO
19, 253
3,000 under 4,000
12, 018
4,000 under 5,000
5,000 and over
Nontaxable returns "
3, 673, 902
3,896,418
3, 022, 265
3, 246, 384
6, 263, 590
10, 177, 332
566, 119
1,316,260
178, 617
Taxable returns
2, 301, 940
Total, individual returns with net
income
7, 570, 320
6, 268, 649
16,440,923
1,882,379
2, 480, 557
Returns with no net income:
Nontaxable *
Taxable «
82,444
17
17, 284
11
49, 473
204
26, 602
17
59, 582
3,512
Total, individual returns with no
net income
82, 461
17,295
49, 677
26, 619
63, 093
Grand total.-
7, 652, 781
6,285,944
16,490,599
1,908,998
2, 543, 650
For footnotes, see pp. 240-241.
132
STATISTICS OF INCOME, PART 1
Table 7-A. — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in tliousands of doIlars[
Sources of income— Continued
Taxable interest
Partnershi
Net income classes
Bank deposits, notes,
mortgages, corpo-
ration bonds 21
Partially tax-
exempt Govern-
ment obliga-
tions 22
p profit 23
(1)
Number
of
returns 36
(7)
Amount
(8)
Number
of
returns 36
(9)
Amount
(10)
Number
of
returns 3«
(11)
Amount
(13)
Beturns with net income:
Under 1 (est ) "
38 26, 466
38 3, 732
38 43,456
38 71,513
38 26, 117
38 32,119
38 27, 493
38 34, 305
38 13, 881
38 76, 656
38 1,758
38 61,225
96
38,389
31,272
25, 003
20, 247
17,482
15.120
13, 522
12,171
11,080
9,780
35,611
23, 780
16, 624
21,879
12,322
7,301
5,729
3,863
2,825
2,586
5, 950
2, 351
1,413
809
837
715
1,390
443
413
125
663
251
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
266
3,104
3,012
2,630
2,417
2,350
1,968
1,635
1,593
1,566
1,402
5,253
3,846
2,922
4,059
2,157
1,432
966
644
439
509
1,299
506
317
193
135
175
80
6
22
4
(19)
9,815
Under 1 (est.)
449
1 under 2 (est.) "
30, 367
1 under 2 (est.)
15,061
2 under 2.5 (est.) 11
31, 038
2 under 2 5 (est.)
11,745
2.5 under 3 (est.) n
43, 376
2.5 under 3 (est.)
18,554
3 under 4 (est.) 1' -.
34, 331
79, 488
3, 446
4 under 5 (est.)
106, 8.54
6 under 6 1' - .
173
74, 275
49, 540
33, 132
23,833
18,659
14, 724
12,229
9,989
8,392
7,194
23, 498
12,796
7,825
8,741
4,566
2, 013
1,725
1,146
737
558
1,286
430
203
107
108
60
71
23
20
6
10
4
84
7,911
6,382
4,732
3,831
3,260
2,732
2,263
1,990
1,782
1,567
5,433
3,355
2,097
2,580
1,339
800
548
358
223
167
426
137
51
30
29
24
23
3
4
2
1
48
22, 028
15,804
10,737
8,103
6,173
4,957
4, 004
3, 301
2,783
2,419
7,745
4,109
2,423
2.593
1,358
825
448
272
193
116
265
74
22
17
22
8
11
1
1
1
145
5 under 6 _
88, 624
6under7--
74, 659
7 under 8-
58, 544
8 under 9
50, 128
9 under 10 -.
41.659
10 under 11
36,884
11 underl2..
33, 618
12 under 13
29, 758
13 under 14 _
26, 329
14 under IS-
24. 324
IS under 20- - -
92, 016
20 under 25 - -
60,967
25 under 30 __.
41,714
30 under 40 -
56, 405
40 under 50.- - - .
37,564
50 under 60--
27, 704
60 under 70 -
17, 771
70 under 80 - -
11,490
80 under 90
8,864
90 under 100
5,692
100 under 150 . .
16, 124
150 under 200- --- - .
5,945
200 under 250
2,218
250 under 300 - .
2,434
300 under 400 - - . - -
1,905
400 under 500 --.--.
1,059
500 under 750
115
750 under 1,000
10
1,000 under 1,500
1,168
1,500 under 2,000 .--
1
2,000 under 3,000 „-
3,000 under 4,000
4,000 under 5,000. - . .
5,000 and over
Nontaxable returns 11- . .
38 173
36 318, 500
139, 266
621, 495
36 84
36 54,080
266
46, 643
36 48
36 100, 933
152, 519
Taxable returns
1,087,844
Total, individual returns with
net income - .
39 318, 673
760, 762
36 54, 164
46, 908
36 100,981
1, 240, 363
Returns with no net income:
Nontaxable <
22, 986
17
21, 925
222
2,337
1
1,698
1
3, 732
2
10, 296
Taxable 6--
90
Total, individual returns with
no net income .
23,003
22, 148
2,338
1,698
3,734
10, 385
Grand total, ,.
36 341, 676
782, 909
36 56, 502
48, 607
36 104. 715
1, 250, 748
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
133
Table 7-A. — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income {ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source- of income and deductions, and net income — Coii.
[Net income classes and money figures in thousands of dollars]
Sources of income — Continued
Income from fidu-
ciaries 2<
Rents and
royalties
Business profit
Net income classes
(1)
Number
of
returns ^6
(13)
Amount
(14)
Number
of
returns 3«
(15)
Amount
(16)
Number
of
returns 36
(17)
Amount
(18)
Returns with net income:
Under 1 (est ) "
5,877
826
8,494
11, 582
5,227
7,911
6,174
9,056
4,289
26,122
696
29, 374
142
28,816
25, 859
22, 137
19, 495
18, 281
17, 499
14, 770
14, 066
13, 061
12, 204
49, 946
39, 806
30, 753
45, 766
30, 604
22, 674
18, 033
15, 175
9,222
8,203
28, 653
18,318
12, 214
9,488
9,020
8,558
13, 431
3,527
13, 767
147
9,976
120
47, 375
2,006
71,913
35, 266
54,776
17, 651
47, 491
23, 855
25, 676
70, 622
2,321
64,597
207
45, 089
34, 463
24, 852
19, 124
16, 199
13, 227
12,111
10, 366
8,928
7,550
28, 306
17, 787
12, 469
17, 205
10,812
6,012
3,882
3,356
2,024
1,524
4,438
2,551
718
370
424
74
1,143
34
25
53
18
12
65, 271
Under 1 (est ) - -
882
1 under 2 (est.) " -
253, 200
42, 842
2 under 2.5 (est.) '' ---
237, 867
2 under 2 5 (est.) -------
25, 228
2.5 under 3 (est.) " - - --
221,612
2.5 under 3 (est.) .- -
53, 329
3 under 4 (est ) "
179, 999
3 under 4 (est )
246, 530
17, 165
279, 289'
5under6'i
43
11,721
8,781
6,274
4,788
4,004
3, 350
2,741
2,360
2,025
1,843
6,194
3,764
2,385
2,844
1,494
932
590
417
274
210
502
207
94
68
54
35
40
9
16
1
7
4
isi
41, 948
27, 658
17, 706
12, 542
9,613
6, 795
6,110
4,876
4,017
3,280
10, 743
5,653
3,360
3,661
1,861
1,055
630
434
282
205
457
167
68
38
41
21
23
8
9
2
4
1
229
41, 786
26, 962
16, 971
11,383
8,313
6,122
4,622
3,604
2,885
2,322
6,970
3,255
1,666
1,627
677
373
204
125
98
45
98
23
5
5
3
4
3
1
1, 103
192, 315
6 under 7
145, 927"
7 under 8 -- -..- ----
106, 160
8 under 9
79, 868
9 under 10 . - - -
64, 530
10 under 11 -.-
52, 250
11 under 12
42, 903
12 under 13
35, 852
13underl4
31, 550
14 under 15
26, 373
15 under 20
92, 654
20 under 25 . - -
54, 040
25 nndpr .XO
32, 638
30 under 40
39, 533
40 under 50 .- ----- -
21, 322
50under60 .-
12,972
60 under 70
8,609
70 under 80,- -
5,606
80 under 90 . ...
4,184
90 under 100
2,731
100 under 150
6,667
150 under 200.
2,329
200 under 250
477
250 under 300 .
665
300 under 400 - - - -
430
400 under 500
474
500 under 750
412
750 under 1 ,000
833
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5 000
5,000 and over
Nontaxable returns "
36 43
3' 68, 028
30, 899
668, 461
36 181
36 163, 268
249, 760
519, 141
36 229
36 140, 152
976, 217
Taxable returns
1, 712, 407
Total, individual returns with net
income
36 68, 071
699, 359
36 163, 449
768, 901
36 140, 381
2, 688, 624
Returns with no net income:
Nontaxable * .. -
3,999
8
12,619
365
23, 469
6
34, 177
41
7,046
13, 693
Taxable «
net income
4,007
12, 985
23, 475
34, 218
7,046
13, 693
Grand total
36 72, 078
712, 344
36 186, 924
803, 119
36 147,427
2, 702, 317
For footnotes, see pp. 240-241.
134
STATISTICS OF INCOME, PART 1
Table 7-A.- — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in thousands of dollars]
Sources of
income— Continued
Capital gain =5
Short-term ='
Net long-term
capital gain 3o
Net income classes
Net short-term capi-
tal gain included
in col. 30 2'
Prior year net
short-term capital
loss deducted 28
Net short-
term capi-
tal gain
before de-
ducting
col. 22 29
(col. 20-H
22)
(33)
Number
of re-
turns 36
(34)
(1)
Number
of re-
turns 3«
(19)
Amount
(col. 23-
22)
(30)
Number
of re-
turns 36
(31)
Amoimt
(33)
Amount
(35)
Returns with net income:
Under 1 (est.) "
2,345
484
3,686
3,823
2,606
2,741
3,075
3,540
2,416
10, 659
331
10,853
15
9,331
8,057
6,421
5,332
4.881
4,228
3,874
3,162
2,974
2,919
10, 725
7,858
6,196
7,254
3,937
3,158
1,908
1,035
995
586
1,830
765
258
138
311
132
216
1
84
1
11
3
171
79
147
337
82
184
132
210
86
847
7
877
1
998
905
882
702
588
591
580
657
649
514
1,978
1,452
1,121
1,483
1,048
717
422
266
392
176
497
176
39
63
66
63
19
47
31
5
2,516
563
3,833
4,160
2,688
2,925
3,207
3,750
2,502
11,507
338
11, 730
16
10, 329
8,961
7,303
6,034
5,469
4,819
4,453
3,819
3,623
3,433
12, 702
9,309
6,317
8,737
4,986
3,875
2,330
1,301
1,387
762
2,328
941
297
201
377
194
235
48
116
5
11
3
1,849
Under 1 (est.)
266
1 iinder 2 (est ) H
2,913
1 under 2 (est.)
2,618
2 under 2.5 (est.) »
2,130
2 under 2.5 (est.)
1,714
2.5 under 3 (est.) "
2,281
2.5 under 3 (est.)
2,375
3 under 4 (est.) »
1,651
3 under 4 (est.),.
7,845
4 under 5 (est.) >L .
107
4 under 5 (est.) .
9,126
5under6"
26
12, 945
9,802
7,010
5, 470
4,580
3, 680
3,111
2,610
2,315
1,977
6,521
3,834
2,399
2,738
1,396
845
503
306
224
148
381
109
68
30
29
18
18
5
8
3
2
1
2
1,138
922
792
632
521
469
419
360
367
304
1,109
703
482
604
376
213
140
104
63
46
148
49
20
16
8
6
8
4
2
2
19
12, 430
9,340
6,799
5,319
4,325
3,552
3,138
2,497
2,292
1,912
6,592
3,909
2,519
2,895
1,531
943
606
430
287
212
521
193
98
52
54
32
47
6
12
4
4
4
13
5under6- _.. _..
7,357
6under7 ...
6,523
7 under 8.
5,276
8 under 9
4,843
9 under 10
4,118
10 under 11
3,650
11 under 12
3,763
12 under 13
3,126
13 under 14.
2,982
14 under 15..
2,573
15 under 20
10, 678
20 under 25
8,212
25under30
6,779
sounder 40
9,577
40 under 50
7,021
50 under 60
5. 243
60 under 70
3,779
70 under 80
3,614
80 under 90
2,896
90 under 100
2,304
100 under 150
8,618
150 under 200
4,427
200 under 250
3,180
250 under 300
1,565
300 under 400
.5, 132
400 under 500
2,536
500under750
6,358
750 under 1,000
440
1,000 under 1,500
4,645
1,500 under 2,000 .
3,831
2,000 under 3,000
1,408
3,000 under 4,000
4,709
4,000 under 5,000
5,000 and over
Nontaxable returns •'
Taxable returns-. .
36 26
3« 73, 086
14, 474
129, 677
36 2
3« 10, 027
626
19, 662
15, 100
149, 339
36 19
36 72, 555
10, 945
175, 108
Total, individual re-
turns with net in-
come
36 73, 112
144, 151
36 10,029
20, 288
164,438
36 72, 574
186, 053
Returns with no net income:
Nontaxable <
4,773
3
6,149
3
290
2
370
(19)
6,519
3
2,920
6,301
Taxable*
Total, individual re-
turns with no net
income
4,776
6,152
292
371
6,522
2,920
6,301
Grand total
38 77, 888
150,302
36 10,321
20, 658
170, 960
36 75, 494
192,354
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
135
Table 7-A. — Individual returns with net income (excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^s and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in thousands of dollars]
Sources o
f income-
Continued
Net income classes
Net gain from sale
of property other
than capital
assets 3'
Other income
Total
income
(30)
(1)
Number
of
returns 36
(36)
Amount
(37)
Number
of
returns 36
(28)
Amount
(39)
Returns with net income:
Under 1 (est ) "
971
24
1,674
574
1,506
377
1,557
803
1,131
2,861
48
2,957
8
2,011
1,635
1,337
938
821
690
566
354
363
345
1,244
690
447
545
290
191
74
77
22
54
82
(,9)
1
46
2
17, 534
840
35, 686
35, 748
25, 017
13, 952
29, 144
15, 788
16, 782
39,091
1,075
27, 889
34
9,646
7,203
5,264
4,247
3,672
3,220
2,893
2,322
2,131
1,629
7,269
4,945
3,239
4,691
3,047
1,441
1,309
1,367
583
472
1, 113
630
451
213
117
56
95
103
51
25
205
366, 724
Under 1 (est.)
21, 447
1 under 2 (est.) »
2,169,033
1 under 2 (est.)
2, 521, 055'
2 under 2.5 (est.) 'i
1, 410, 346'
2 under 2.5 (est.) _
777, 860
2.5 under 3 (est.) n
2, 628, 287
2.5 under 3 (est.)
834, 901
3 under 4 (est.) 'i
1, 482, 837
3 under 4 (est.)
2, 407, 235
88, 304
4 under 5 (est.)
2, 027, 621
5 under 6 "
9
2,209
1,451
987
715
545
449
359
293
233
178
693
340
187
218
112
62
38
20
10
7
21
10
1
4
3
1
39
14, 655
10,073
6,759
4,924
3,941
3,079
2,611
2,226
1,751
1,579
5,377
3,143
1,999
2,387
1,268
727
469
343
229
156
343
140
67
40
32
23
21
12
9
3
4
4,187
5 under 6. .. . _ _
1, 196, 720
6 under 7
884, 331
7under8.. ....-..------..
655, 302
8under9 ._
512, 276
9 under 10
430, 514
10 under 11 .
360, 249
11 under 12 . . ....
313, 392
12underl3 . . . .
273, 791
13 under 14
244, 283
14 under 15. _ -. ....
219,017
15under20
802, 778
20mider25
540, 700
25 under .30
380, 134
30 under 40 .
519,010
40under50
335, 302
50imder60
232, 768
60under70 _
169, 710
70under80
129, 436
80 under 90
93, 877
90 under 100
77, 247
100underl50
219,491
150under200
107, 913
200under250
63, 548
250 under 300
44,852
300 under 400
50, 269
400 under 500
39, 762
500under750 . .
57, 726
750under 1,000
1
(.9)
26, 148
1,000 under 1,500
35, 111
1,500 under 2,000 _
12, 581
2,000 under 3,000 . _
31, 926
3,000 under 4,000
17, 145
4,000 under 5 000
Nontaxable returns n
Taxable returns. __
36 9
36 9, 147
6.894
20, 428
36 39
36 68, 390
125, 271
206, 954
8, 148, 718
17, 667, 429
36 9, 156
27, 322
36 68, 429
332, 225
25, 816, 147
Returns with no net income:
Nontaxable*
Taxable «
1,232
1,607
7,429
8
6,714
19
224, 234
4, 456
Total, individual returns with no netincome.
1,232
1,607
7,437
6,733
228, 690
Grandtotal. ..
36 10, 388
28, 929
36 75, 866
338,958
26, 044, 836
For footnotes, see pp. 240-241.
136
STATISTICS OF INCOME, PART 1
Table 7-A. — Individual returns with net income {excluding fiduciary returns) , 6?/
net income classes, also aggregate for individual returns with no net income {ex-
cluding fiduciary returns), 1939: total number of returns, number of retiirns ^^ and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in thousands of dollars]
Net income classes
(1)
Returns with net income:
Under 1 (est.) ".
Under 1 (est.)
1 under 2 (est.)"--
1 under 2 (est.)
2 under 2. .5 (est.)",
2 under 2.5 (est.>-_
2..') under 3 (est.)".
2.5 under 3 (est.),.
3 under 4 (est.)"..
3 under 4 (est.)
4 under 5 (est.)"..
4 under 5 (est.)
5 under 6 "
5 under 6...
6 under 7
7 under 8
8 under 9 -
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14-_j
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 2.50
2.W under 300
300 under 400
400 under 500
500 under 750
7.'i0 under 1,000.-..
l.ono under 1,500..
l,.'')no under 2,000..
2.000 under 3,000..
3,000 under 4,000..
4,000 under 5,000..
5,000 and over
Nontaxable returns " .
Taxable returns
Deductions
Partnership loss "
Number
of
returns 36
(31)
Total, individual retiu'ns with net
income
Returns with no net income:
Nontaxable <
Taxable'
Total, individual returns with no
net income .-
Grand total.
5
1,543
1,105
793
655
497
414
325
268
256
198
757
476
327
383
189
121
85
49
38
40
60
27
10
10
7
6
6
(32)
36 5
36 8. 654
36 8, 659
4,849
3
4,852
36 13,511
2,450
176
1,983
689
971
345
966
505
540
1,753
71
1,641
7
1,288
1,116
834
681
613
572
375
409
349
427
1,268
973
1,003
1,016
568
4.53
414
188
171
199
404
369
260
185
1,157
25
20
Business loss ^^^- '""fj^f^fjo^^P'^^^
Number
of
returns 36
(33)
372
6,989
20,818
27, 807
28, 392
4
28, 396
3,312
2, 3.53
1,619
1,182
966
787
631
555
489
391
1,463
802
504
703
4.56
255
163
120
77
54
152
72
43
20
6
9
18
5
1
2
2
Amount
(34)
36 17,219
36 17, 227
46, 535
1
46, 536
36 63, 763
12, 663
384
10,175
2,292
4,828
1,196
3,720
1,756
2,085
5,629
265
5,912
18
4,118
3,409
2,771
2,020
1,839
1,715
1,352
1,299
1,236
1,093
4,256
2,863
2,474
3.384
2,836
1,637
1,247
1,001
745
462
1,703
1,001
1,036
380
73
660
768
1,687
312
18
44
10
Number of
returns 36
(35)
33, 753
66, 617
100, 371
122,075
1
122, 076
222, 447
37
15,145
11,508
8, 588
6,740
5,656
4,624
3,845
3,366
2,946
2,467
8,596
4.949
3,240
3,717
2,080
1,202
767
484
337
256
554
214
80
50
41
29
23
13
9
2
4
Amount
(36)
J8 37
36 91, 532
36 91. 569
17, 651
17
17, 668
36 109, 237
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
137
Table 7-A. — Individual returns with net income (excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in thousands of dollars]
Deductions-
Continued
Net income classes
Net loss from sale
of property other
than capital
assets 31
Contributions 3?
Interest paid 3'
(1)
Number of
returns 39
(37)
Amount
(38)
Number of
returns 39
(39)
Amount
(40)
Number of
returns 36
(41)
Amount
(43)
Returns witb net income:
Under 1 (est.)"
3,020
232
3,034
720
1,396
449
1,023
524
697
2,046
85
1,883
11
1,436
1,065
925
609
619
481
451
371
370
298
1,175
742
489
619
297
332
226
171
44
158
169
170
64
2
24
10
41
4
1
3
308
9,279
599
30,020
61,948
20, 174
16,744
29, 187
16, 458
17, 357
44, 062
1,515
36, 843
93
22. 489
16,603
12,319
9,872
8,216
6,988
5,999
5,347
4.801
4,260
16, 084
11,130
8,393
12, 067
8,750
6.346
5,018
4,196
3,017
2,717
8,830
4,871
3,031
2,055
2,846
2,214
3,443
1.715
1,703
1,219
2,189
1,183
20, 890
Under 1 (ct )
1. 150
1 under 2 (est.)"
35, 330
20,684
2 under 2.5 (est.)" -.-
36, 477
2 under 2.5 Cest.) -
8,771
2 5 under 3 (est )"
42,970
14, 070
2 5 under 3 (est.)
3 under 4 fest.)"
28,109
54, .544
2,371
57, 331
5 under 6 " -
5
1.991
1,321
963
699
563
427
359
291
251
207
742
363
226
295
158
93
58
43
24
20
41
18
6
1
2
4
4
2
2
1
4
486
158, 569
99,017
63,950
44, 254
33,330
25, 305
20, 218
16, 340
13, 485
11, 296
35,119
18, 393
10, 568
11,606
5.825
3,300
2,055
1,387
892
656
1,464
499
222
127
115
73
74
23
2i
6
10
4
318
100.014
62, 347
40, 420
27, 945
21,064
16,021
12.811
10, 385
8, 626
7,079
22,285
11,737
6,753
7,534
3,835
2.256
1,446
917
627
472
1,049
348
179
86
83
56
62
19
17
5
6
4
153
5 under 6
33, 730
24, 418
18, 020
8 under 9
14, 070
9 under 10
11,407
10 under 11-- -.-
9,291
11 under 12. -
8,084
12 under 13
7,007
13 under 14 .
6,163
14 under 15 _
5,292
15 under 20-.
18,656
20 under 25
11,800
25 under 30
7,598
30 under 40 -
10, 762
40 under 50 . -
6,676
50 under 60-
4,570
60 under 70,.
3,045
70 under 80 _ . .
2,120
80under90 . .
1, .577
90 under 100
1.294
100 under 150.
4,184
150 under 200
1.966
200 under 250 -
1,090
250 under 300
683
300 under 400
.■^97
400 under 500
531
.500 under 750
489
750 under 1,000
270
l,or>0 under 1.500
260
1,. "^00 under 2,000
100
2.000 under 3,000
164
3,000 under 4.000
678
4 000 under 5 000
5 000 and over
Nontaxable returns "
36 5
3« 9, 179
S.266
17, 529
36 486
39 578, 206
107, 627
387, 163
36 318
39 366, 488
166, 300
373, 140
Total, individual returns with
3« 9, 184
26,795
36 578, 692
494, 789
36 366, 806
539, 440
Returns with no net income:
4,295
27,755
24, 277
11
3,974
139
24, 827
14
33, 430
Taxable*
374
Total, individual returns with
no net income
4, 295
27, 755
24,288
4, 112
24, 841
33, 804
Grand total
8« 13,479
54. 550
39 602,980
498,902
36 391,647
573, 244
For footnotes, see pp. 240-242.
138
SITATISTIOS OF INOOME, PART 1
Table 7- A. — Individual returns with net income {excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income (ex-
cluding fiduciary returns), 1939: total number of returns, number of returns ^^ and
amount for each specific source of income and deductions, and'net income — Con.
[Net income classes and money figures in thousands of dollars]
Deductions-
-Continued
Net income classes
(1)
Taxes paid 33
Losses from fire,
storm, etc. 3*
Bad debts 3<
Number of
returns 36
(43)
Amount
(44)
Number
of
returns 36
(45)
Amount
(46)
Number
of
returns 36
(47)
Amount
(48)
Returns with net income:
Under 1 (est ) n
32, 048
1,979
54, 217
59, 622
45, 289
20, 426
54. 721
26, 772
30, 056
79, 993
2,462
71, 180
157
43, 663
33, 526
25, 358
20, 437
17, 504
14,814
12, 952
11,567
10, 353
9,439
34, 718
23, 472
16, 813
23, 609
16, 332
10, 767
7,775
6,262
4,568
3,674
10, 896
5,376
3,549
1,926
2,222
1,743
3, 035
1,267
1,338
444
1,513
978
1,272
44
1,175
622
786
258
764
440
537
2,316
53
1,571
4
1,255
997
716
552
454
385
352
229
242
214
822
552
301
372
309
151
120
68
81
63
231
30
99
6
6
40
61
51
29
4,031'
224
Under 1 (est.) -
1 under 2 (est ) "
4, 543'
1,755
2 under 2 5 (est.) "
2,531
907
2 5 under 3 (est.) '1 _
2,359
2 5 under 3 (est )
1, 617
1,691
3 under 4 (est ) "
3 under 4 (est )
5, 262'
4 under 5 (est.) " _ _ _
268
'28"
8,360
5,699
4,128
3,036
2,342
1,782
1,542
1,284
1,116
886
3,150
1,741
1,164
1,332
794
467
287
233
151
116
266
89
40
33
29
13
27
7
8
1
5
1
5, 419'
5 under 6 " . - -
469
165, 485
103, 906
66, 871
, 46,603
35, 137
26, 749
21,357
17, 203
14, 194
11,928
37, 094
19,417
11, 139
12, 106
6,095
3,439
2,145
1,426
911
671
1,502
514
231
129
120
74
79
23
24
6
10
4
17
5,002
3,252
2,149
1,571
1,103
• 852
665
552
484
405
1,227
707
387
499
277
154
86
70
58
38
100
27
16
10
7
5
10
6
4
22'
5 under 6 -
4,544
3,751
7 under 8
8 under 9 . - -
2, 722'
2,528
9 under 10 .
2,109
lOunderll .
1, 640'
11 under 12 _-
1, 682'
12under 13_
1, 292'
13 under 14 . . _
1, 532'
14 under 15 ._
1,079
15 under 20
4, 698
20 under 25
2, 991
25 under 30
2,588
30 under 40 -- --------
3,624
40 under 50 - -
2, 604
sounder 60
1.561
60 under 70
1, 116
70 under 80 - .
1,147
80 under 90- ..- - - - .
673:
90 under 100-
695
100 under 150-
1, 753'
150 under 200
911
200 under 250 -
911
250 under 300- ..- - - -
807
300 under 400-
426
400 under 500 -
3ir
500 under 750 ---
472-
750 under 1,000
234
1,000 under 1,500 -.
630
1,500 under 2,000
11
2,000 under 3,000 - . .
1
2
218
3,000 under 4,000 ---
91:
4,000 under 5,000
Nontaxable returns "
36 469
36 606, 592
218, 949
641, 860
36 17
36 19, 724
4,591
14, 044
36 28
36 40, 129
15, 446
Taxable returns
66, 441
Total, individual returns with
net income --- ---
36 607, 061
860, 809
36 19, 741
18, 635
36 40, 157
81, 88r
Returns with no net income:
36, 903
17
33, 977
219
1,546
7,593
4,332
4
45, 024
Taxable 9 •■- -
83-
Total, individual returns with
no net income
36, 920
34, 196
1,546
7,593
4,336
45, 107
Grand total .
36 643, 981
895, 006
36 21, 287
26, 228
36 44, 493
126, 995'
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
139
Table_7-A.- — Individual returns with net income (excluding fiduciary returns), by
net income classes, also aggregate for individual returns with no net income \ex-
cluding fidiiciary returns), 1939: total number of returns, number of returns^^ and
amount for each specific source of income and deductions, and net income — Con.
[Net income classes and money figures in thousands of dollars]
Net income classes
(1)
Returns with net income:
Under 1 (est.) n
Under 1 (est.)
1 under 2 (est.) n
1 under 2 (est.)
2 under 2.5 (est.) u
2 under 2.5 (est.)
2.5 under 3 (est.) n
2.5 under 3 (est.)
3 under 4 (est.) n
Sunder 4 (est.)
4 under 5 (est.) "
4 under 5 (est.)
5 under 6 "
5 under 6
6 under 7
7under 8
Sunder 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
sounder 90
90 under 100
100 under 150
ISO under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns ".
Taxable returns
Deductions— Continued
Other deductions
Number of
returns se
(49)
Total, individual returns with net income- ^-
Returns with no net income:
Nontaxable *
Taxable*
Total, individual returns with no net income-
Grand total --- ---
Amount
(50)
123
45, 080
29, 229
19, 730
14, 068
10, 806
8,384
6,952
5,709
4,832
3,996
13, 444
7,652
4.787
5,344
2,899
1,766
1,179
796
505
412
930
328
169
89
90
59
66
20
19
6
36 123
38 189, 358
20, 823
15
20, 838
36 210, 319
30, 670
1,038
39, 925
25, 785
29,535
9,186
26, 682
12, 513
14, 945
35, 427
1,225
31,918
84
20, 166
15, 070
11,344
8,676
7,510
6,191
5,356
4,548
4,073
3,941
13, 525
8,686
6,265
9,077
5,717
5,052
3,052
2,141
1,662
1,551
4,077
1,980
1,202
992
743
652
1,525
498
639
184
1,280
116
143, 066
273, 355
416, 421
58, 768
159
58, 927
Total
deductions
(51)
135, 864
8,144
195, 747
184, 712
149, 535
63, 987
169, 662
81,319
100, 433
251,724
8,935
233, 294
617
148, 910
113,869
86, 643
69, 882
59, 796
49, 897
43, 649
38,231
35, 374
31, 716
114,851
77, 187
57, 484
79, 556
52, 999
37, 207
25, 439
20, 084
14, 751
12,411
.36, 360
18, 556
12, 002
7, 939
8,694
6,613
10, 439
5, 858
5,490
2,214
6,100
3,056
760, 792
2, 116,437
2, 877, 229
507, 432
5,584
513, 016
475, 349
3, 390, 245
For footnotes, see pp. 240-241.
437826—42 10
140
STATISTICS OF INCOME, PART 1
Table 8. — Individual returns, Form 1040, with net income and with no net income ^^
with net -profit or loss: total number of businesses, number of businesses with net
fewer than the following items, total receipts, total deductions, and net profit or loss:
chandise purchased, net cost of poods sold, total deductions, inventory at beginning
number of businesses and net profit or loss
[For text defining certain items and describing methods
[ Money figures in
Industrial groups
(1)
All industrial groups -
Mining and quarrying
Oil, gas, and natural gasoline production
and field service operations *^
Other mining and quarrying <s
Mining and quarrying not allocable *^
Manufacturing
Food and kindred products
Beverages
Tobacco manufactures
Textile-mill products
Apparel and products made from fabrics.- -
Leather and products
Rubber products
Lumber and timber basic products
Furniture and finished lumber products. . .
Paper and allied products
Printing and publishing industries
Chemicals and allied products
Petroleum and coal products ._-
Stone, clay, and glass products
Iron, steel, and products
Nonferrous metals and their products.
Electrical machinery and equipment
Machinery, except transportation equip-
ment and electrical
Automobiles and equipment, except electri-
cal
Transportation equipment, except automo-
biles
Other manufacturing
Manufacturing not allocable
Public utilities
Transportation
Trucking, local; and warehousing <5
Other transportation -"s
Communication.
Other public utilities.
For footnotes, see p. 240-241.
Total
number
of busi-
nesses *•
(col. 3+16)
(3)
1, 052, 002
8,437
4,552
1,777
108
39, 827
6,609
1,507
283
1,273
3,835
585
226
3,123
1,898
382
7,784
1,198
207
1,757
1,829
1,168
503
749
333
251
2,327
2,000
18, 012
16, 858
13, 195
3,663
668
586
Businesses with net profit
Number
of busi-
nesses <'
(col. 5+14)
(3)
Net
profit "
(col. 6+15)
(4)
921, 091
4,669
3,170
1,325
74
35, 093
5,754
1,313
227
1,090
3,384
509
190
2,666
1,654
345
7,097
1,038
174
1,591
1,656
1,069
430
627
287
196
2,070
1,726
16, 444
15,417
12.211
3,206
498
529
2, 710, 628
22, 703
17, 852
4,614
237
137, 572
19. 894
6,820
476
5,657
1.3,329
2, 130
915
8,948
6,665
1,631
21, 307
4,670
1,077
5,791
8.859
4,507
2,028
3,592
1,217
647
8,457
8,956
49, 113
46, 071
Schedule D show-
ing not fewer than
the following
Items, total re-
ceipts, total de-
ductions, and net
profit ^3
Number
of busi-
nesses "
(5)
2,190
1,278
73
34, 789
5,713
1,303
225
1,081
3, 350
507
189
2, 597
1,652
343
7,055
1,028
156
1, 590
1,655
1,054
429
626
287
193
2,057
1,699
18, 276
15,265
36, 952
9,120
1,686
1,358
12, 103
3,152
498
523
Net
profit «
(6)
2, 658, 728
15, 636
10, 884
4,518
234
136, 761
19, 759
6,790
437
5, 654
13,260
2,128
913
8.802
6, 661
1,624
21, 184
4,649
1.064
5,791
8,854
4,479
2,024
3,591
1,217
633
8,354
8,894
48, 521
46, 503
36, 528
8.974
1,686
1,332
STATISTICS OF INCOME, PART 1
141
and with business (sole proprietorship), 1989, by industrial groups and^ by businesses
profit or loss and amount of net profit or loss; for business"^ schedule D showing not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedule D fragmentary:
of tabulating and estimating data, see pp. 2^ and 48-49]
thousands of dollars]
Businesses with net profit— Continued
Schedule D showing not fewer than the following items, total receipts, total deduc-
tions, and net profit "—Continued
Schedule D frag-
mentary **
Total re-
ceipts
(7)
Materials,
supplies,
and mer-
chandise
purchased
(item 3+4,
Sch. D)
(8)
Net cost of
goods sold
(9)
Total de-
ductions «
(10)
Inventory
at begin-
ning of
year
(11)
Inventory
at end of
year
(13)
Labor
and sal-
aries "
(item
2+10,
Sch. D)
(13)
Number
of busi-
nesses 11
(14)
Net
profit "
(15)
21, 342, 472
11,859,458
12, 992, 396
18, 683, 745
1, 787, 219
1, 858, 940
2, 465, 648
20, 995
51, 800
92,129
18, 390
28, 496
76, 493
1,560
1,558
17, 135
1,028
7,067
55, 528
35, 085
1,515
12. 267
5,558
565
13, 125
14,868
503
44, 644
30, 567
1,282
764
777
19
784
749
24
6,309
10, 478
347
980
47
1
6,968
96
4
1,405,188
642, 578
921, 242
1, 268, 425
108, 295
119,914
312,477
304
811
295, 702
70, 301
5,527
72, 509
207, 714
29, 653
8.300
96. 154
63, 219
17,070
126, 363
35, 517
18, 571
42, 671
72, 482
32, 764
15,513
26, 304
11, 437
5,248
67, 550
84, 617
171, 744
31. 294
2,959
38, 239
93, 655
16, 924
4,253
34, 292
28,916
8,820
32, 808
16, 227
4,916
14, 859
29, 717
14, 326
6,530
10, 807
4,952
2,262
30, 878
43, 200
202, 331
35, 614
4.010
54, 000
157,826
21, 724
5,437
55, 056
41,539
11.638
58, 704
19, 798
14, 133
24, 155
47. 866
28, 907
9,325
15, 762
7,600
3,173
47, 394
55.247
275, 943
63,511
5,090
66, 855
194, 454
27, 525
7,387
87, 352
56, 558
15. 446
105, 180
30, 868
17, 507
36. 880
63, 628
28, 285
13, 489
22, 712
10, 220
4,615
59, 195
75, 723
12, 195
3,199
755
6,532
12, 204
3,130
622
11,614
5,930
1,626
5,277
2,893
472
5,295
5. 875
10. 023
1,530
2.762
772
382
7,063
8,152
13,802
3,763
832
7,824
16, 079
3,769
754
8,935
6,862
1,889
5,608
3.066
715
5,569
6.817
6.433
1,777
3.081
1,009
464
8,038
12, 828
41. 090
6.723
1,011
14, 700
70, 609
6,655
1,536
22, 696
14, 809
3,801
37,317
5.718
924
9,937
19, 330
7,268
3,555
6,675
2,744
1,405
16, 023
17, 952
41
10
2
9
34
2
1
69
2
2
42
10
18
1
1
15
1
1
136
30
39
3
69
2
2
146
4
8
123
21
12
1
6
28
4
(I.)
3
13
27
14
103
62
307, 475
42, 962
62. 179
258,955
2,349
2,674
68, 793
168
592
293, 698
40, 033
58, 057
248, 196
1,872
2,121
65, 765
162
569
236, 009
57, 689
6,341
7,436
27. 008
13, 025
479
2,450
43, 048
15,010
1,031
3,091
199, 480
48. 715
4.655
6,104
1,330
543
194
282
1,583
539
213
339
54, 673
11,092
1,685
1,343
108
54
423
145
6
23
142
StTATrSTIOS OF INCOME, PART 1
Table 8.^ — Individtial returns, Form IO4O, with net income and with no net income ^^
with net -profit or loss: total number of businesses, number of businesses with net
fewer than the following items, total receipts, total deductions, and net profit or loss:
chandise purchased, net cost of goods sold, total deductions, inventory at beginning
number of businesses and net profit or loss — Continued
[Money figures in
Total
number
of busi-
nesses <'
(col. 3+16)
(3)
Businesses with net profit
Industrial groups
Number
of busi-
nesses "
(col. 5+14)
(3)
Net
profit «
(col. 6+15)
(4)
Schedule D show-
ing not fewer than
the following
items, total re-
ceipts, total de-
ductions, and net
profit «
(1)
Number
of busi-
nesses <'
(5)
1
Net
profit «
(6)
Trade
424, 899
382, 169
961, 585
378, 975
953, 631
Wholesale"..
48, 572
44,039
170, 073
43, 518
168, 386
Retail"
350, 581
315, 240
730, 392
313, 020
725, 462
Department, general merchandise, dry
goods^ -_ .
18, 628
85, 556
7,349
26, 118
24, 589
10,837
. 54, 386
15, 155
29, 494
8,830
10, 855
2,302
2,120
798
3,681
1,632
6,287
22, 488
16, 476
16, 307
78, 313
6,873
23, 941
21, 239
9,498
48, 042
15, 904
27, 573
7,636
9,603
2,062
1,859
704
3, 289
1,569
5,842
20, 227
14, 759
33, 769
152, 182
17, 435
55, 262
55, 486
.30,311
101,035
55,190
55, 105
17, 518
31, 892
5,830
4,715
1,661
7, 460
3,700
18, 709
51, 176
31, 957
16, 271
77, 740
6,836
23, 801
21, 103
9,442
47, 739
15 775
33, 659
151, 184
17, 346
54. 940
55, 215
30, 093
100, 399
F,i fiOQ
Food stores -.
Package liquor stores
Drug stores.
Apparel
Furniture and house furnishings.
Eating and drinking places
Dealers in automobiles, accessories,
tires, batteries
Filling stations ...
27,363 , 54,747
7,601 1 17,443
9 506 ■'^1 ■'i-'^Q
Hardware .
Lumber and coal yards . .
Second-hand stores, except dealers in
second-hand automobiles <' .. _
2,022
1,855
700
3, 278
1,555
5,817
19, 979
14, 637
5,752
4,705
1,620
7,424
3, 687
18,634
50, 666
31,691
Book and stationery stores *'
Sporting goods stores " _
Florists «
News dealers and news stands "
Jewelry stores "
Other retail trade
Retail trade not allocable
Wholesale and retail trade combined
4,988
20, 758
4,453
18, 437
16, 426
44, 694
4,431
18, 006
16, 349
43. 434
Trade not allocable
Service
288, 894
270, 101
984, 763
262, 827
966, 935
Personal service
56, 627
51, 104
113,009
50, 463
111,834
Hotels and other lodging places
16,990
7,721
3,090
17, 764
7,334
3,371
357
13, 564
7,189
2,871
16, 974
6,976
3,214
316
25, 867
19, 435
7, 697
26, 908
26, 295
6,024
722
13.390
7,121
2, 840
16, 734
6,909
3,162
307
25, 480
19, 276
7, 648
26, 658
26, 132
5,929
711
Laundries, cleaning and dyeing
Photographic studios
Barber and beauty shops «
Funeral service *>
Other personal service ....
Personal service not allocable
Business service
10, 606
9,816
34, 833
9,607
34, 452
Advertising
3,201
778
329
1,472
3,586
1,240
2.982
743
307
1,407
3, 255
11.928
1,999
961
4,119
1 1 ST.";
2, 956
731
300
1,350
3 190
11,901
1,980
954
4,030
11,676
3.912
Adjustment and credit bureaus and col-
lecting agencies
Private employment agencies
Duplicating and mailing service
Other business service
Business service not allocable
1. 122 3 9.SI 1 l.OSO 1
-.-- 1
For footnotes, see p. 24!.
STATISTICS OF INCOME ^ PART 1
143
and with business (sole proprietorship) , 19S9, by industrial groups and by businesses
profit or loss and amount of net profit or loss; for business schedule D showing not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedule D fragmentary:
thousands of dollars]
Businesses with net profit— Continued
Schedule D showing not fewer than the following items, total receipts, total deduc-
Schedule D frag-
tions, and net profit «— Contmued
mentary «
Total re-
ceipts
Materials,
supplies,
and mer-
chandise
purchased
(item 3+4,
Sch. D)
Net cost of
goods sold
Total de-
ductions *2
Inventory
at begin-
ning of
year
Inventory
at end of
year
Labor
and sal-
aries *2
(item
2+10,
Sch. D)
Number
of busi-
nesses "
Net
profit "
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
13, 070, 895
9, 081, 091
9, 577, 562
12,117,264
1,295,297
1, 383, 356
1, 022, 227
3,194
7,954
2, 895, 847
2, 188, 445
2, 185, 276
2, 727, 461
175,281
190, 109
147, 473
521
1,687
9, 248, 859
6,221,813
6, 697, 398
8, 523, 397
1, 000, 712
1, 065, 199
802, 827
2,220
4,930
469, 956
358, 659
361, 664
436, 298
101,739
127, 516
28, 396
36
110
2, 392, 438
1, 827, 485
1, 864, 907 ,
2,241,254
127, 727
138, 650
169, 020
573
998
172, 473
124, 319
122, 194
155, 127
21,014
17, 432
8,931
37
89
589, 553
410, 890
414.606
534,612
110,320
113,424
51,716
140
322
596, 403
388. 891
407, 361
541, 188
125, 291
131, 986
57, 958
136
271
292, 679
182, 015
183. 892
262. 586
50. 872
51, 903
32, 856
56
217
976, 552
551, 560
602, 338
876, 153
17,850
19, 950
151, 900
303
636
1, 324, 889
940, 291
1, 001, 880
1, 270, 189
121, 938
130, 619
90, 900
129
491
675, 778
278, 259
519, 971
621, 032
22, 568
28,353
47, 630
210
358
220, 109
158, 392
162,398
202. 666
64, 510
62, 169
17, 401
35
76
405. 031
274, 225
304, 927
373, 472
69, 205
69, 757
44, 019
97
333
41,441
27, 757
25, 842
35, 688
9,776
7,323
4,615
40
78
43, 089
26, 662
27, 321
38, 384
6,447
6,764
4,394
4
10
14,296
9,337
9,643
12, 676
3,163
3,320
1,477
4
42
55, 641
23, 553
28. 200
48, 217
2,007
2,078
8,925
11
35
34, 692
22, 643
22,919
31, 004
1,012
1,011
3,234
14
13
117,243
65, 191
66, 073
98, 609
41,866
44, 953
11,950
25
76
423, 693
266, 584
277, 051
373, 027
52, 146
52, 773
37, 077
248
510
402, 904
285, 100
294, 210
371,213
51, 262
55, 219
30, 427
122
266
324, 682
236, 735
251, 343
308, 332
24, 174
26, 925
24, 169
22
76
601, 508
434, 098
443, 544
558, 074
95, 130
101, 123
47, 758
431
1,260
2, 712, 136
529, 443
608, 054
1, 745, 202
51, 474
53, 247
455, 226
7,274
17, 828
614, 080
151, 698
195, 248
502, 245
16, 854
17, 432
144, 307
641
1,174
183, 336
56, 119
59, 419
157, 856
2,540
2,614
27, 654
174
387
134, 314
14, 334
42, 630
115,038
1,342
1,366
47, 488
68
159
37, 583
28, 616
15, 044
29, 935
1,893
2,048
8,355
31
49
106, 572
9,377
21, 095
79, 914
1,006
1,090
38, 639
240
310
121,114
35, 409
44, 594
94, 982
8,270
8,366
14, 618
67
163
27. 328
6,610
10, 909
21, 398
1,668
1,803
6,836
52
95
3,833
1,233
1,558
3,121
135
145
717
9
11
153, 541
45, 816
51, 779
119,089
4,155
3,962
30, 123
209
38
53, 988
12, 257
17, 863
42, 087
453
473
9,903
26
27
8,030
1,333
1,608
6,050
43
41
1,860
12
19
2,797
67
238
1,844
5
5
549
7
7
14, 765
5,497
5,550
10, 735
518
571
3,687
57
89
58, 103
24, 059
22, 796
46, 427
2,905
2,644
9,999
65
200
15, 857
2,603
3,724
11,946
230
229
4,125
42
39
144
STATISITICIS OF INCOME, PART 1
Table 8.— Individual returns, Form 1040, with net income and with no net income **
with net profit or loss: total number of businesses, number of businesses with net
fewer than the following itertis, total receipts, total deductions, and net profit or loss:
chandise purchased, net cost of goods sold, total deductions, inventory at beginning
number of businesses and net profit or loss — Continued
[Money figures in
Total
number
of busi-
nesses 41
(col. 3+16)
(2)
Businesses with net profit
Industrial groups
Number
of busi-
nesses ■"
(col. 5+14)
(3)
Net
profit "
(col. 6+15)
(4)
Schedule D show-
ing not fewer than
the following
items, total re-
ceipts, total de-
ductions, and net
profit «
(1)
Number
of busi
nesses <'
(5)
Net
profit "
(6)
Service— Continued.
Automobile repair services and garages
12, 164
10, 987
23, 108
10, 899
22, 929
Amusement..
13, 920
11, 532
40, 954
11,156
39, 699
Motion-picture production
330
3, 092
10, 412
86
289
2,697
8,474
72
2,573
10, 071
27, 921
389
284
2,680
8,121
71
2,554
9,984
26, 774
387
Motion-picture theaters.
Other amusement
Amusement not allocable
Professional and social service
188, 674
180, 192
757, 718
174, 362
743, 074
Accountants, auditors, and bookkeeping
service.
Medical and health services
6,389
118,417
6,205
114, 904
23, 315
499, 787
6,000
113, 143
22, 880
494, 552
Physicians, surgeons, oculists, osteo-
paths and chiropractors."
Dentists *5
78, 403
32, 953
7,061
48, 154
7, 827
3,318
3,129
1,440
75, 639
32, 638
6,627
45, 445
6,816
3,004
2,524
1,294
358, 520
120, 786
20, 482
182,764
29, 328
6,123
10, 664
5,737
74, 244
32, 438
6,461
42, 249
6,553
2, 806
2,309
1,232
354, 244
120, 076
20, 232
175, 020
28, 718
6,001
10, 498
5,406
Other medical services ^* .
Legal services
Engineering and architectural services. .
Educational institutions and agencies...
Other professional and social services
Professional and social services not allo-
cable.
Miscellaneous repair services (excluding
automotive)."
6,191
5,817
13, 322
5,714
13, 159
Service not allocable. . .
712
653
1,819
636
1,787
Finance, insurance, and real estate.
38,319
34. 268
122, 334
32, 713
118, 847
Security and commodity-exchange brokers
and dealers.
3,678
1,463
16, 232
10, 699
6,247
2,983
1,297
15, 535
8,778
5,675
15, 294
6,399
54, 308
27, 981
18, 352
2,801
1,230
14,819
8,383
5,480
14, 373
6,237
53, 174
27, 187
17, 876
Other finance
Insurance agents, brokers and services
Real estate 48
Finance, insurance, and real estate not
allocable.
Construction
42, 393
39, 159
120, 667
38, 631
119, 169
Oenrral contractors
14,218
27, 105
1,070
12, 770
25, 415
974
50, 380
66, 870
3,318
12, 546
25, 133
952
49, 561
66, 362
3,236
Special trade contractors
Construction not allocable
Agriculture, forestry, and fishery « ,
143, 521
96, 801
201, 504
92, 482
194. 876
Farming so _ _
139, 760
1,902
373
1,0.59
427
93, 746
1, ,538
253
938
326
194, 028
3,872
594
1,996
1,014
89, 513
1,501
237
907
324
187, 558
3,814
566
1, 925
1,011
Agricultural and similar services "
Forestry, excluding logging camps "
Fishery, and oyster culture "
Agriculture, forestry, and fishery not alloca-
ble.
Nature of business not allocable, except trade. . .
49, 700
42, 487
110, 387
39, 862
104, 364
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
145
and with business (sole proprietorship) , 1939, by industrial groups and by businesses
profit or loss and amount of net profit or loss; for business schedule D showing not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedule D fragmentary:
thousands of dollars]
Businesses with net profit— Continued
Schedule D showing not fewer than the following items, total receipts, total deduc-
tions, and net profit «— Continued
Schedule D Irag-
mentary "
Total re-
ceipts
(7)
Materials,
supplies,
and mer-
chandise
purchased
(item 34 4.
Sch. D)
(8)
Net cost of
goods sold
(9)
Total de-
ductions "
(10)
Inventory
at begin-
ning of
year
(11)
Inventory
at end of
year
(12)
Labor
and sal-
aries "
(item
2+10,
Sch. D)
(13)
Number
of busi-
nesses «'
(14)
Net
profit <3
(15)
223, 097
123, 043
143, 893
200, 168
15, 869
16, 935
31, 574
68
17
246, 778
48, 319
53, 812
207, 079
2,579
2,663
37, 666
376
1,255
9,323
64, 557
171, 452
1,445
893
10, 351
36, 754
322
1,938
12, 328
38, 959
587
6,770
54, 573
144, 678
1,058
93
275
2,077
134
92
247
2,179
146
1,120
8,641
27, 624
271
5
17
353
i
19
87
1,147
1
1, 402, 727
135, 926
123, 859
659, 653
6,388
6,012
194, 696
5,840
14, 644
42, 031
941, 236
824
117, 050
1,711
93, 535
19, 152
446, 685
83
4,142
94
3,690
8,718
120,058
205
1,761
435
5,236
641, 250
237, 815
62, 171
289, 428
76, 339
21, 397
18, 972
13, 323
49, 951
57, 554
9, 545
6,248
7.955
1,492
994
1,362
46, 252
33, 708
13, 575
7,022
14, 759
2,643
2,008
2,181
287, 006
117, 739
41, 940
114, 408
47, 621
15, 396
8,474
7,918
1,844
952
1,346
127
1,015
297
191
533
1,854
908
929
101
1,089
327
185
525
77, 168
31, 229
11,661
36, 656
19,535
4, 878
2,299
2,551
1,395
200
166
3,196
263
198
155
62
4,276
710
256
7,744
610
122
166
331
65, 102
23, 132
37, 304
51, 943
5,356
5,998
15,611
103
163
6,811
1,508
2,158
5,024
274
245
1, 259 17
32
606, 122
208, 482
179, 754
387, 276
6,514
5,220
90, 902 1, 565
3,487
195, 140
23, 390
139,928
102, 203
45, 461
150, 942
20, 044
15, 579
16, 096
3,822
139, 453
5,918
11,453
19, 964
2,966
180, 767
17, 153
86, 754
75, 016
27, 585
2,735
921
138
1,428
292
2,360
916
181
1,420
343
5,671
2,550
65, 015
10, 550
7,116
182
67
716
395
195
921
162
1,135
794
477
1, 178, 181
522, 471
719, 463
1, 059, 002
38, 769
41, 077
278, 338
. 628
1,408
613, 734
527, 170
37, 257
249, 231
252, 623
20, 617
347, 295
343, 407
28, 761
564, 173
460, 808
34, 021
9,894
27, 367
1,509
6,572
32, 799
1,706
124,913
143, 766
9,658
224
282
22
819
508
82
1, 039, 565
224, 976
245, 202
844, 690
184, 671
150, 226
87, 117
4,319
6,629
975, 882
38, 987
4,894
10, 567
9,234
198, 904
18, 861
1,721
2,658
2,831
217, 118
18, 294
2,636
3,778
3,376
788, 323
35, 173
4,328
8,643
8,223
181,403
2,318
110
172
668
146, 698
2,588
73
207
660
79, 448
3,292
1,036
2,455
886
4,233
37
16
31
2
6,470
58
28
71
3
1, 030, 803
691, 065
650, 445
926, 439
99, 291
101, 668
133, 433
2, 625 6, 023
146
SirATISTICS OF INCOME, PART 1
Table 8. — Individual returns, Form IO4O, with net income and with no net income ^^
with net profit or loss: total number of businesses, number of businesses with net
fewer than the following items, total receipts, total dediictions, and net profit or loss:
chandise purchased, net cost of goods sold, total deductions, inventory at beginning
number of businesses and net profit or loss — Continued
[Money figures in
Businesses with net loss
Industrial groups
Number
of busi-
nesses <i
(col. 18-1-
27)
(16)
Net loss «
(col. 19-1-
28)
(17)
Schedule D showing not fewer
than the [following items, to-
tal receipts, total deductions,
and net loss <'
(1)
Number
of busi-
nesses <i
(18)
Net loss<2
(19)
Total
receipts
(30)
All industrial groups
130,911
232, 572
123, 191
214,410
2, 162, 697
Mining and quarrying ,
1,868
11,483
1,199
5.746
25, 767
Oil, gas, and natural gasoline production
and field service operations <s
1,382
452
9,827
1,567
830
353
4,330
1,381
17, 136
7,968
Other mining and quarrying"
Mining and quarrying not allocable «
34
90
16
34
664
Manufacturing .
4,734
11,472
4,594
11,079
149, 928
Food and kindred products .
855
194
56
183
451
76
36
457
244
37
687
160
33
166
173
99
73
122
46
55
257
274
1,675
363
90
527
1,055
282
64
1,124
505
158
1,794
471
147
412
392
151
187
335
110
282
482
867
841
188
55
174
446
75
35
441
241
34
672
157
31
162
167
85
66
119
46
61
251
257
1,630
332
89
493
1,033
256
60
1,106
495
142
1,770
443
127
407
383
141
180
325
110
269
476
813
36,410
5,156
847
9,437
22, 005
4,135
1,226
15,132
6.246
1,416
13, 392
2,618
1,256
4.334
3,964
1,634
1,352
2,197
1,433
907
4,411
10, 419
29, 029
Beverages
Tobacco manufactures
Textile-mill products
Apparel and products made from fabrics
Leather and products
Rubber products
lyumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing industries
Chemicals and allied products
Petroleum and coal products..
Stone, clay, and glass products
Iron, steel, and products .
Nonferrous metals and their products
Electrical machinery and equipment
Machinery, except transportation equip-
ment and electrical
Automobiles and equipment, except elec-
trical
Transportation equipment, except auto-
mobiles
Other manufacturing
Manufacturing not allocable
Public utilities
1,568
2,422
1,513
2,324
Transportation
1,441
2,240
1,392
2,153
27, 771
Trucking, local; and warehousing «
Other transportation «.
984
457
70
67
1,538
702
112
69
969
423
67
54
1,512
640
112
60
21, 803
5,968
698
561
Communication
Other public utilities
For footnotes, see pp. 240-241.
STATISTICS OF INCOISIE^ PART 1
147
and with business (sole proprietorship), 1939, by industrial groups and by businesses
'profit or loss and amount of net profit or loss; for business schedule D shotving not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedule D fragmentary:
thousands of dollars]
Businesses with net loss— Continued
Schedule D showing not fewer than the following items, total receipts, total
deductions, and net loss " —Continued
Schedule D
fragmentary "
Materials,
supplies, and
merchandise
purchased
(item 3+4,
Sch. D)
(21)
Net cost
of goods
sold
(22)
Total de-
ductions ^2
(23)
Inventory
at beginning
of year
(24)
Inventory
at end of
year
(25)
Labor and
salaries "
(item 2+
10, Sch. D)
(26)
Number
of busi-
nesses <'
(27)
Net loss "
(28)
1, 241, 906
1, 401, 186
2, 377, 107
266, 710
253, 226
302, 429
7,720
18, 162
6,459
9,670
31,513
485
434
5,159
669
6,738
3, 337
1,648
5,455
3,656
21, 465
9,349
246
218
240
174
2,309
2,738
552
99
5,497
185
475
558
698
(19)
19
113
18
56
69, 951
105, 769
161,007
19, 744
18, 360
39. 361
140
393
21,481
2,609
356
5,104
12,017
2,026
521
4,922
3,065
505
2,907
1,111
885
1,627
1,550
605
643
965
559
508
3,079
3,917
29, 089
3,434
614
7.122
17, 339
3,193
843
9,235
4,603
1,165
5,273
1,714
1,063
3,060
%714
1,222
1,045
1,701
955
761
3,333
6,289
38, 040
5,488
936
9,930
23, 039
4,391
1,286
16, 237
6,741
1,558
15, 162
3,061
1,383
4,741
4,347
1,775
1,533
2,522
1,543
1,176
4,887
11, 232
3,979
708
176
1,664
2,546
607
158
1,987
1,089
148
682
312
101
662
600
385
385
654
110
315
974
1,501
3,354
602
146
1,548
2,636
532
137
1,952
1,186
175
711
261
106
578
582
375
264
502
82
301
941
1,390
5,567
701
288
2,771
7,144
1,182
324
4,296
1,793
330
5,413
550
195
1,171
1,456
693
324
624
496
314
1,316
2,413
14
6
1
9
5
1
1
16
3
3
15
3
2
4
6
14
7
3
45
31
1
34
22
25
5
19
11
16
24
28
20
5
9
9
6
11
4
6
17
13
6
54
9,207
8,375
31,353
475
398
7,323
65
98
9,028
8,039
29, 924
407
331
6,895
49
87
7,886
1,142
46
134
6,087
1,952
77
259
23,315
6,608
809
621
245
163
4
64
228
103
6
63
5,479
1,415
263
166
15
34
3
3
26
62
1
10
148
STATISTICS OF INCOME, PART 1
Table 8. — Individual returns, Form IO4O, with net income and with no net income *"
ivith net -profit or loss: total number of businesses, number of businesses with net
fewer than the following items, total receipts, total deductions, and net profit or loss:
chandise purchased, net cost of goods sold, total deductions, inventory at beginning
number of businesses and net profit or loss — Continued
[Money figures in
Industrial groups
(1)
Trade...
Wholesale" .-
Retail"
Department, general merchandise, dry
goods
Food stores
Package liquor stores
Drug stores
Apparel
Furniture and house furnishings
Eating and drinking places
Dealers in automobiles, accessories,
tires, batteries
Filling stations
Hardware
Lumber and coal yards
Second-hand stores, except dealers in
second-hand automobiles "
Book and stationery stores*'
Sporting goods stores "
Florists "
News dealers and news stands *s
Jewelry stores ^s
Other retail trade
Retail trade not allocable
Wholesale and retail trade combined...
Trade not allocable
Service _
Personal service
Hotels and other lodging places...
Laundries, cleaning and dyeing
Photographic studios
Barber and beauty shops "
Funeral service <5, .
Other personal service
Personal service not allocable
Business service..
Advertising.
Adjustment and credit bureaus and col-
lecting agencies
Private emijloynient agencies
Duplicating and mailing service
Other business service
Business service not allocable..
For footnotes, see pp. 240-241.
Businesses with net loss
Number
of busi-
nesses •"
(col. 18-t-
27)
(16)
42, 730
4,533
35, 341
2,321
7,243
476
2,177
3,350
1,339
6,344
2,251
1,921
1,194
1,252
240
261
94
392
63
445
2,261
1,717
535
2,321
18, 793
5,523
3,426
532
219
790
358
157
41
790
219
35
22
65
331
118
Net loss <2
(col. 19-f
28)
(17)
62, 141
10, 067
46, 519
3,766
7,715
503
2,535
4,986
2,227
7,131
4,794
1,793
1,801
2,272
316
311
112
502
60
705
2,594
2,395
1,249
4,306
25, 948
7,043
4,854
710
185
663
487
94
49
1,127
316
24
15
57
608
108
Schedule D showing not fewer
than the following items, to-
tal receipts, total deductions,
and net loss "
Number
of busi-
nesses 1'
(18)
42, 095
4.336
34, 963
2,312
7,197
469
2,154
3, 335
1,325
6,298
2,195
1,896
1,178
1,227
231
254
93
384
63
440
2,206
1,706
534
2,262
17, 205
5,435
3, 364
523
213
784
355
156
40
721
196
35
II
307
Net loss "
(19)
61, 168
9,719
45, 987
3,723
7,683
502
2,522
4,961
2,193
7,038
4,699
1,776
1,737
2,255
313
309
112
499
60
703
2,533
2,369
1,242
4,220
23, 947
6,912
4,751
697
178
659
484
94
48
1,062
303
24
15
56
573
92
Total
receipts
(30)
1, 222, 414
259, 838
860,478
62, 908
201,513
7,646
43, 268
66, 470
26, 487
108,411
154, 991
37, 284
22, 990
33, 517
2. 996
3, 463
1,349
4, 863
860
6,786
35, 176
39, 499
43, 337
58, 761
150, 445
61, 526
40, 174
9.370
1,183
5, 134
4,059
1.174
431
9,212
3,218
210
68
■ 558
4,536
622
STATISTICS OF INCOME, PART 1
149
Kind vnthhxisiness (sole proprietorship), 1939, by industrial groups and by businesses
profit or loss and amount of net profit or loss; for business srhedide D showing not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedide D fragmentary:
thousands of dollars]
Businesses with net loss— Continued
Schedule D showing not fewer than the following items, total receipts, total
deductions, and net loss *^ — Continued
Schedule D
fragmentary**
Materials,
supplies, and
merchandise
inirchasod
(item 3+4,
Sch. D)
(31)
Net cost
of goods
sold
(22)
Total de-
ductions <2
(23)
Inventory
at beginning
of year
(24)
Inventory
at end of
year
(25)
Labor and
salaries <2
(item 2+
10, Sch. D)
(26)
Number
of busi-
nesses*'
(27)
Net loss *'
(38)
890, 295
937, 897
1, 283, 682
170, 770 159, 746
121, 200
635
973
204, 322
203, 826
269, 557
20, 199 19, 137
16, 312
197
348
610, 262
653, 235
906, 465
133, 256 124, 766
96, 664
378
532
47, 890
161, 533
5,614
30, 938
44,486
19. 085
61, 297
110,020
26, 279
16, 557
22, 140
1,888
2,363
951
2,141
657
3,233
24, 257
28, 933
50, 667
165, 635
5,905
32, 682
48, 517
18, 719
69, 047
117, 969
28, 161
18, 486
25, 578
2,168
2,526
1,048
2,929
691
4,331
26, 893
31, 282
66, 631
209, 197
8,148
45, 790
71,431
28, 680
115, 448
159, 690
39, 059
24, 727
35, 772
3,309
3,772
1,461
5,363
921
7,489
37, 709
41, 868
21,461
12, 578
1,007
10, 486
19, 764
7,667
2,314
16,649
2,125
9,391
6,797
751
2,071
484
307
52
4,162
7,789
7,401
16, 856
11,883
851
10, 040
20, 753
7,659
2,278
15, 403
1,958
8,691
6,821
750
1,944
457
311
40
3,700
7,547
6.824
4,526
18, 049
719
5,051
8,531
4,446
21, 502
11,718
3.642
2, 491
4,470
468
459
173
1,141
107
837
4,070
4,264
9
46
7
23
15
14
46
56
25
16
25
9
7
1
8
43
31
1
13
25
34
93
95
18
63
18
2
2
19
3
5
55
11
3
60
26
33, 589
42, 122
35, 333
45, 503
44, 579
62, 981
3,891
13, 424
3,698
12, 146
3,115
5,108
1
59
7
86
42, 949
59, 269
174, 393
7,931
7,028
38, 634
1,588
2,001
16, 062
24, 253
68, 438
1,927
1,862
16, 845
88
131
12, 196
1,135
416
472
1,351
326
167
15, 452
3,944
619
1,474
1,879
664
221
44, 926
10, 066
1,361
5,793
4,544
1,268
480
645
174
137
170
632
159
11
660
179
143
122
614
133
11
8,767
4,018
401
2,332
810
388
128
62
9
6
6
3
1
1
103
13
7
4
3
('»)
3,211
4,112
10, 274
421
430
2,123
69
65
898
48
9
220
1,878
158
1,019
65
16
281
2,390
341
3,521
234
82
615
5,108
714
72
2
5
57
252
34
69
2
630
87
20
190
922
273
23
13
1
2
24
19
(")
89
228
43
(1.)
35
16
150
STATISTICS OF INCOME, PART 1
Table 8. — Individual returns, Form IO4O, with net income and with no net income *^
with net profit or loss: total number of businesses, number of businesses with net
fewer than the following items, total receipts, total deductions, and net profit or loss:
chandise purchased, net cost of goods sold, total deductions, inventory at beginning
number of businesses and net profit or loss — Continued
[Money figures in
Businesses with net loss
Number
of busi-
nesses «
(col. 18+
27)
(16)
Net loss "
(col. 19+
28)
(17)
Schedule D showing not fewer
than the following items, to-
tal receipts, total deductions,
and net loss «
Industrial groups
(1)
Number
of busi-
nesses «
(18)
Net loss "
(19)
Total
receipts
(20)
Service— C ontinued .
Automobile repair services and garages.
1,177
1,382
1,165
1,358
21, 702
2,388
8,187
2,188
7,475
32,070
Motion-picture production .
41
395
1,938
14
79
603
7,458
48
33
391
1,753
11
54
598
6,781
- 41
375
7, 921
23,617
157
Motion-picture theaters .- .
Other amusement ... . .
Amusement not allocable -
Professional and social service ..
8,482
7,783
7,283
6,734
21,431
Accountants, auditors and bookkeeping
service
Medical and health services
184
3,513
134
2,856
153
3,291
121
2,672
750
9,688
Physicians, surgeons, oculists, osteo-
paths and chiropractors " -
2,764
315
434
2,709
1,011
314
605
146
2,104
272
480
2,239
1,341
516
498
199
2,604
274
413
2,322
671
297
443
106
1,959
246
467
1,942
6,092
809
2,788
4.250 1
Dentists <°
Other medical services <'
Leeal services. .
Engineering and architectural services-.
Educational institutions and agencies. _.
Other professional and social services
Professional and social services not al-
locable. .
987 1 3,778 1
503 2.068 1
363 1 608 1
1
147 289
Miscellaneous repair services (excluding
automotive <'
374
369
363
357 4, 234
Service not allocable
59
56
50
49 270
Finance, insurance, and real estate.
4,051
9,646
3,460
7, 674 76. 527
Security and commodity-exchange brokers
and dealers .
695
166
697
1,921
572
2,397
453
619
5,135
1,042
510
148
612
1,667
523
1,539
433
544
4,382
776
50, 634
1,729
3,655
14, 720
5.789
Other finance ...
Insurance agents, brokers and services
Real estate <». .
Finance, insurance, and real estate not al-
locable .
Construction
3,234
7,838
3,126
7,348
116,351
General contractors
1,448
1,690
96
4,952
2,586
300
1,379
1,659
88
4,519
2,544
285
74, 075
38,021
4,255
Special trade contractors .
Construction not allocable
Agriculture, forestry, and fishery "
46, 720
87, 028
43, 806
82, 920
251, 308
Farming so
46, 014
364
120
121
101
85, 574
785
238
159
272
43, 136
343
112
115
100
81, 505
754
237
155
269
240, 048
6,427
1,893
881
2,059
Agricultural and similar services "
Forestry, excluding logging camps <'
Fishery, and oyster culture «. .
Agriculture, forestry, and fishery not al-
locable
Nature of business not allocable, except trade
7,213
14, 593
6,193
12, 204
140, 927
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
151
and wilh business {sole proprietorship), 1939, by industrial groups and by businesses
profit or loss and amount of net profit or loss; for business schedule D showing not
number of businesses, net profit or loss, total receipts, materials, supplies and mer-
and end of year, and labor and salaries; and for business schedule D fragmentary:
thousands of dollars]
Businesses with net loss— Continued
Schedule D showing not fewer than the following items, total receipts, total
deductions, and net loss ^3— Continued
Schedule D
fragmentary **
.Materials,
supplies, and
merchandise
purchased
(item 3+4,
Sch. D)
(31)
Net cost
of goods
sold
(33)
Total de-
ductions "
(33)
Inventory
at beginning
of year
(34)
Inventory
at end of
year
(35)
Labor and
salaries ^2
(item 2+
10, Sch. D)
(36)
Number
of busi-
nesses ■"
■ (37)
Net loss «
(38)
13, 697
15, 788
23, 060
2,530
2,389
3,542
12
24
5,085
7,525
39, 545
1,623
1,243
7,667
200
712
123
1,495
3,428
19
103
2,172
5,228
23
429
8,519
30, 398
198
13
18
1, 589
3
13
12
1,217
1
80
1,510
6,043
34
8
4
185
3
25
5
676
6
2,990
4,505
28, 166
727
424
6,999
1,199
1,049
265
1,233
338
1,821
871
12, 360
25
123
3
120
256
2,615
31
222
13
184
709
177
347
269
795
277
120
31
982
266
573
435
1,255
329
268
60
8,051
1, 055
3,255
6,192
4,765
2,572
970
436
58
29
37
6
130
384
38
19
71
26
23
7
142
97
36
18
1,563
241
811
1,740
1,259
777
218
134
160
41
21
387
340
17
162
40
145
26
13
297
355
12
135
52
1,860
2,984
4, 691
688
660
1,384
11
12
62
101
319
15
14
74
.9
7
35, 581
38, 561
84, 201
3,767
4,128
5,767
591
1,972
29, 301
552
281
1,862
3,585
30,311
611
666
3,206
3,767
52, 172
2,161
4,200
19, 102
6,565
1,721
107
16
1,853
70
2,528
90
16
1,459
35
1,481
314
1,072
2,308
593
185
18
85
254
49
858
20
75
754
266
48, 570
74, 659
123, 699 3, 651
3,737
31, 154
108
490
28, 089
18, 950
1,530
42, 378
29, 425
2,855
78, 594
40, 565
4,540
980
2,615
56
1,242
2,445
51
17, 578
12, 303
1,273
69
31
8
433
43
14
54, 207
49, 674
2,870
493
126
1,044
68, 934
334, 229
40, 816
41, 844
34, 339
2,914
4,108
62, 780
3,416
1,071
358
1,308
321, 553
7,181
2,130
1,036
2,328
39, 410
752
186
5
464
40, 323
666
169
5
482
29, 384
3,697
583
333
342
2,878
21
8
6
1
4,069
31
1
4
3
85, 686
98, 052
153, 131 19, 091
17, 756
19, 489
1,020
2,389
152
STATISTICS OF mOOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industrial groups,
net profit or loss, and total receipts
[For text defining certain items and describing methods
PART I— BUSINESSES
[Total receipts classes and money
Total receipts classes
Industrial groups
(1)
All industrial groups --
Mining and quarrying
Oil, gas, and natural gasoline produc-
tion and field service operations ".--
Other mining and quarrying *'
Mining and quarrying not allocable ^^ . _ .
Manufacturing — -
Food and kindred products
Beverages
Tobacco manufactures
Textile-mill products
Apparel and products made from
fabrics
Leather and products,
Rubber products -
Lumber and timber basic products —
Furniture and finished lumber prod-
ucts
Paper and allied products
Printing and publishing industries
Chemicals and allied products —
Petroleum and coal products
Stone, clay, and glass products
Iron, steel, and products
Nonferrous metals and their products..
Electrical machinery and equipment..
Machinery, except transportation
equipment and electrical
Automobiles and equipment, except
electrical
Transportation equipment, except
automobiles
Other manufacturing
Manufacturing not allocable
Public utilities
Transportation
Trucking, local; and warehousing «
Other transportation "
Communication
Other public utilities
For footnotes, see p. 241.
Aggregate
Under 5
Number
of busi-
nesses*'
Net
profit «
Total
receipts
Number
of busi-
nesses"
Net
profit «
Total
receipts
(2)
• (3)
(4)
(5)
(6)
(7)
900,096
2, 658, 728
21, 342, 472
190, 567
245, 015
538, 668
3,541
15, 636
92, 129
1,058
1,045
2,638
2,190
10. 884
55, 528
730
612
1,741
1,278
4,518
35, 085
298
389
795
73
234
1,515
30
44
102
34, 789
136, 761
1,405,186
4,054
4,253
11,731
5,713
19, 759
295, 702
325
199
891
1,303
6,790
70, 301
51
63
181
225
437
5.527
59
38
163
1,081
5,654
72, 509
104
87
241
3.350
13, 260
207, 714
336
311
931
507
2,128
29, 653
65
48
197
189
913
8,300
2
3
9
2,597
8,802
96, 154
226
216
662
1,652
6,661
63. 219
182
213
537
343
1,624
17, 070
25
23
76
7,055
21, 184
126, 363
1,148
1,270
3,470
1,028
4,649
35, 517
214
211
496
156
1, 064
18, 571
17
25
53
1,590
5,791
42. 671
211
214
682
1,655
8,854
72. 482
151
192
490
1,054
4,479
32, 764
233
412
730
429
2,024
15, 513
41
23
116
626
3,591
26, 304
63
97
84
287
1,217
11,437
22
23
62
193
633
5.248
45
46
129
2,057
8,354
67, 550
340
367
911
1,699
8,894
84, 617
194
170
520
16, 276
48, 521
307, 475
3,870
4,737
11, 304
15,255
45, 503
293, 698
3,475
4,318
10, 210
12, 103
36, 528
236, 009
2,596
3, 368
7,911
3,152
8, 974
57, 689
879
949
2,299
498
1,686
6,341
206
212
634
523
1,332
7,436
189
207
460
STATISTICS OF INCOME^ PART 1
153
income *'■' and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
of tabulating and estimating data, see pp. 2-4 and 48-49]
WITH NET PROFIT
figures in thousands of dollars]
Total receipts classes-
-Continued -
5 under 10
10 under If
15 under 25
Number
of busi-
nesses *i
Net
profit «
Total
receipts
Number
of busi-
nesses ^1
Net
profit «
Total
receipts
Number
of busi-
nesses "
Net
profit "
Total
receipts
(8)
(9)
(10)
(11)
(13)
(13)
(14)
(15)
(16)
222, 192
548, 549
1,614,019
130, 517
377, 159
1, 605, 186
145, 265
451, 166
2, 820, 936
789
1,729
5,818
457
1,387
5,665
459
1,871
8,789
482
1,071
3, 581
249
857
3,074
284
1,361
5,411
299
651
2,184
194
488
2,404
167
481
3,224
8
7
53
14
42
187
8
29
153
6,746
12,210
50, 189
4,941
11,397
61,096
5,791
16, 774
112, 565
767
1,083
5,828
784
1,529
9,734
1,031
2,331
20, 279
128
211
929
142
258
1,806
237
571
4,642
60
91
440
38
58
491
26
54
506
150
256
1,131
119
291
1,470
165
520
3,342
382
643
2,786
251
562
3,130
438
1,138
8,714
103
202
782
53
122
628
59
176
1,077
38
73
296
52
139
660
27
87
528
555
857
4,115
367
768
4,618
468
1,139
8,945
313
584
2,338
232
508
2,795
262
724
4,988
48
81
350
54
133
703
45
118
967
2.237
4,374
16, 555
1,316
3,268
16, 055
1,229
3,907
23. 499
198
395
1,429
129
339
1,625
148
558
3,104
62
136
498
13
48
183
11
46
219
401
706
2,972
249
610
3,068
305
1.010
5,961
238
433
1,772
265
• 662
3,166
246
787
4,904
174
381
1,232
178
408
2,208
170
672
3, 266
70
146
501
72
143
932
79
279
1,540
103
164
813
104
300
1,223
90
305
1,742
31
66
275
53
111
679
79
230
1,544
43
61
298
16
29
218
43
137
840
360
696
2,694
265
635
3,298
368
1,177
6,926
285
570
2,157
189
474
2,406
265
805
5,032
4,903
11, 064
35, 429
2,403
6,246
29, 384
2,228
7,274
42, 969
4,581
10, 378
33, 191
2,314
6,030
28,311
2,125
6,873
41,113
3,609
8,015
26, 341
1,884
4,927
23, 219
1.719
5,558
33, 305
972
2,364
6,851
430
1,103
5,092
406
1,314
7,808
166
344
1,148
27
82
342
46
210
835
156
342
1,090
62
133
731
57
191
1,022
154
STATISTICiSl OF INOOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,^^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART I— BUSINESSES WITH
[Total receipts classes and money
Inclustrial groups
(1)
Trade..
Wholesale"
Retail"
Department, general merchandise,
dry goods.
Food stores
Package liquor stores
Drug stores
Apparel
Furniture and house furnishings-.
Eating and drinking places
Dealersin automobiles, accessories,
tires, batteries-.-
Filling stations
Hard ware
Lumber and coal yards
Second-hand stores, except dealers
in second-hand automobiles ^^-..
Book and stationery stores "
Sporting goods stores "
Florists <5
News dealers and news stands " -
Jewelry stores ^5
Other retail trade
Retail trade not allocable
Wholesale and retail trade combined. .
Trade not allocable
Service
Personal service
Hotels and other lodging places. .
Laundries, cleaning and dyeing. _
Photographic studios
Barber and beauty shops ■'s
Funeral service ^^
O ther personal ser vice
Personal service not allocable
Business service
Advertising
Adjustment and credit bureaus
and collecting agencies
Private employment agencies
Duplicating and mailing service..
Other business service
Business service not allocable
For footnotes see p. 241.
Total receipts classes
Aggregate
Under 5
Number
of busi-
nesses 11
Net
profit «
Total
receipts
Number
of busi-
nesses ^'
Net
profit «
Total
receipts
(3)
(3)
(4)
(5)
(6)
(7)
378, 975
953, 631
13, 070, 895
25, 274
22, 805
78, 753
43, 518
168, 386
2, 895, 847
5,484
8,103
17, 085
313, 020
725, 462
9, 248, 859
18, 879
14, 085
58, 837
16, 271
33, 659
469, 956
881
485
2,827
77, 740
151, 184
2, 392, 438
3,133
1,999
10, 145
6, 836
17, 346
172, 473
216
136
751
23, 801
54, 940
589, 553
809
605
2,705
21, 103
55, 215
596, 403
1, 8.39
1,518
5,776
9.442
30. 093
292, 679
683
544
2.000
47, 739
100, 399
976, 562
2,450
1,489
8,346
15, 775
54, 699
1, 324, 889
538
520
1,548
27, 363
54, 747
675, 778
1,295
1,048
4,003
7.601
17, 443
220, 109
342
195
1,066
9,506
31, 559
405, 031
564
439
1,770
2.022
5, 752
41,441
313
259
992
1.855
4, 705
43, 089
249
130
524
700
1. 620
14. 296
160
144
459
3,278
7,424
55, 641
356
226
1,064
1,555
3,687
34, 692
134
152
374
5,817
18, 634
117,243
671
752
2,274
19, 979
50, 666
423, 693
3,145
2,721
8,845
14, 637
31,691
402, 904
1,101
723
3, 368
4,431
16, 349
324, 682
87
59
223
18, 006
43, 434
601, 508
824
558
2,608
262, 827
966, 935
2,712,136
93. 516
145, 367
273, 983
50, 463
111,834
614, 080
15. 241
15, 361
43, 823
1.3, 390
25, 480
183, 336
3,680
2,990
10,018
7,121
19, 276
134, 314
804
910
2,662
2,840
7, 648
37, 583
785
852
2,120
16, 734
26, 658
106, 572
8,100
8,568
23, 371
6,909
26, 132
121,114
574
571
1,819
3,162
5,929
27, 328
1, 159
1,320
3,501
307
711
3,833
139
1.50
333
9,607
2,956
34, 452
153, 541
3,303
4,820
9,133
11,901
53, 988
957
1,522
2,597
731
1,980
8,030
292
380
813
300
954
2,797
125
196
385
1,350
4,030
14, 765
602
866
1,563
3,190
11,676
58, 103
916
1,309
2,683
1,080
3,912
15, 857
411
547
1,092
STATISTICS OF INCOME, PART 1
155
income *° and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of b^isinesses,
NET PROFIT— Continued
figures in thousands of dollars]
Total receipts classes—
Continued
5 under 10
10 under 15
15 under 25
Number
of busi-
nesses "
Net
profit «
Total
receipts
Number
of busi-
nesses *'
Net
profit ^2
Total
receipts
Number
of busi-
nesses <i
Net
profit «
Total
receipts
(8)
(9)
(10)
(11)
(13)
(13)
(14)
(15)
(16)
61,314
90, 030
464, 571
59, 862
105, 743
743, 057
87, 909
187, 343
1, 724, 175
7,779
20, 321
57, 148
4,596
14, 644
56, 740
5,455
18, 525
106, 929
50, 674
66, 126
385, 370
52, 245
86, 423
648, 530
77, 275
158, 447
1, 515, 825
2,529
2,535
19,472
2,653
3,647
33, 013
4,142
7,553
80, 991
10,333
11,102
79, 499
11, 503
16,310
143, 254
19, 404
33, 685
382, 711
1,121
1,342
8,701
1,264
2,053
15, 730
2,000
4,383
39, 353
2,969
3,420
23,319
4,151
6,719
51, 975
7,401
1,5, 682
145, 865
3, fi70
4.962
27, 493
3,293
5,731
40, 934
4.923
10,960
, 96, 717
1, 501
2.299
11, 682
1,306
2,431
16,164
1,955
4,781
38,299
9, 20B
10, 793
70, 791
10, 789
17, 577
133, 741
13, 713
28, 821
265, 645
1.220
1,771
9,101
1,173
2,031
14, 444
2,270
4,905
45, 053
3,889
4,713
29, 271
4,881
7,073
60, 987.
7,726
14,271
152, 074
1,180
1.431
9,071
1,157
1,788
14, 241
1,918
3,881
37. 421
1,270
1,840
9,296
1,014
1,822
12, 755
1,828
3,976
35, 948
499
801
3.581
375
839
4, 551
328
1,107
6,354
508
731
3.826
309
607
3,772
347
924
6,959
106
272
1,289
98
192
1,188
112
290
2.261
808
1,326
6,167
788
1,545
9,680
747
1,818
14.451
338
502
2,420
334
638
4,152
342
747
6. 575
1,618
3,226
11,864
1,204
3,046
14, 689
1,149
3,819
22. 598
5,322
10, 091
39, 227
3,617
8,745
44, 420
3.421
9,794
66. 793
2,467
2,969
19, 298
2.336
3,631
28, 839
3,549
7,050
1,305
69, 756
339
576
2,703
293
526
3,673
552
10. 983
2,522
3,007
19, 350
2.728
4,150
34, 113
4.627
9,067
90. 437
92, 426
309, 125
655, 784
35, 541
176. 334
431,218
23, 934
155,961
452, 771
16,217
30, 105
116, 226
7,590
18,255
92, 546
6,361
19, 116
120, 498
3,798
6,030
27, 618
2,167
4,362
26, 522
2,104
4,904
39, 795
2,189
4,161
16, 362
1,391
3,245
17, 065
1,300
3,635
24, 715
1,028
2,298
7,435
423
1,265
5,192
332
1,190
6,359
6,189
11,433
42, 594
1,515
3,592
18, 057
700
2,051
12,988
1,778
3,721
13,410
1,622
4,683
20, 054
1,605
6,420
30, 831
1,137
2,238
8,156
447
1,013
5,334
308
860
5,593
98
225
652
25
95
321
12
56
216
2,686
7,860
19, 379
1,223
4,641
15, 040
1,051
5,139
20, 177
855
2,661
6,067
328
1,298
4,010
336
1,720
6,589
197
601
1,439
112
411
1,413
69
267
1,267
71
196
502
47
219
581
42
218
759
400
1,165
2,903
104
387
1, 230
127
564
2,361
845
2,237
6.179
504
1,828
6, 258
387
1,845
7,534
318
998
2,289
128
498
1,548
90
525
1,666
437826—42-
-11
156
SITATISITICS OF INCOME, PART 1
Table 8-A. — Individual returns, Form IO4O, ivith net income and with no net
total receipts, total deductions, and net profit or loss,^^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART I— BUSINESSES WITH
{Total receipts classes and money
Total receipts classes
Industrial groups
Aggregate
Under 5
(1)
Number
of busi-
nesses «'
(2)
Net
profit «
(3)
Total
receipts
(4)
Number
of busi-
nesses <i
(5)
Net
profit <2
(6)-
Total
receipts
(7)
Service— Continued.
Automobile repair services and garages.
10, 899
22, 929
223, 097
1,358
1,496
4,295
11,156
39, 699
246, 778
2,172
2,210
6,293
Motion-picturo production
Motion-picture theaters
284
2,680
8,121
71
2,554
9,984
26, 774
387
9,323
64, 557
171,452
1,445
35
168
1,947
22
36
159
1,990
25
93
609
5,529
61
204, 847
Amusement not allocable
174, 352
743, 074
1,402,727
69,472
118, 942
Accountants, auditors and book-
6,000
113,143
22, 880
494, 552
42, 031
941,236
3,113
36, 487
5.989
65, 354
8,185
120. 364
Medical and health services
Physicians, surgeons, oculists,
osteopaths and chiroprac-
tors "
Dentists " ..
74, 244
32, 438
6,461
42, 249
6,553
2,806
2,369
1,232
354, 244
120,076
20, 232
175, 020
28, 718
6,001
10. 498
5,406
641,250
237,815
62, 171
289, 428
76, 339
21,397
18, 972
13, 323
23, 024
10,839
2,624
23, 475
2,762
1,748
1,387
500
40, 782
20, 357
4.215
39, 128
3,974
1.950
1,849
698
74, 664
38, 066
7,633
62, 019
6,866
3,336
2,917
1,160
Other medical services •"
Engineering and architectural
Educational institutions and agen-
cies
Other professional and social serv-
ices
Professional and social services not
allocable
Miscellaneous repair services (exclud-
ing automotive) "
5,714
13, 159
65, 102
1,730
2,182
4,885
Service not allocable
636
1,787
6,811
240
355
707
Finance, insurance, and real estate
32, 713
118,847
506, 122
14, 746
22, 042
40, 074
Security and commodity-exchange
brokers and dealers
2,801
1,230
14.819
8,383
5,480
14,373
6,237
53, 174
27, 187
17,876
195. 140
23, 390
139, 928
102, 203
45,461
911
377
7,098
3,628
2,732
1,384
569
10, 990
4,820
4,279
2,633
1,003
18,845
9,843
7, 750
Other finance
Insurance agents, brokers and services.
Real estate « :
Finance, insurance, and real estate not
allocable
Construction
38, 631
119, 159
1, 178, 161
4,773
5,324
14, 569
General contractors _
12, 546
25,133
952
49, 561
66, 362
3,236
613, 734
527, 170
37, 257
991
3,622
160
1,278
3,830
216
3,149
10,915
504
Special trade contractors
Construction not allocable
Agriculture, forestry, and fishery <»
92, 482
194, 875
1, 039, 565
36, 569
31, 707
86, 640
Farming so
89, 513
1, 501
237
907
324
187, 558
3,814
566
1,925
1,011
975, 882
38, 987
4,894
10, 567
9,234
35, 697
368
49
385
70
30, 811
287
25
500
84
84. 304
1,001
90
1,046
198
18, 977
Agricultural and similar services *'
Forestry, excluding logging camps 's..
Fishery, and oyster culture "
Agriculture, forestry, and fishery not
allocable
Nature of business not allocable, except
trade
39, 862
104, 364
1,030,803
6,707
7,735
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
157
income *" and with biisiness schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses^
NET PROFIT— Continued
figures in thousands of dollars]
Total receipts classes—
Continued
5 under 10 10 under 15
15 under 25
Number
of busi-
nesses ^'
(8)
Net
profit «
(9)
Total Number
(10) i (11)
Net
profit "
(13)
Total
receipts
(13)
Number
of busi-
nesses ^1
(14)
Net
profit <2
(15)
Total
receipts
(16)
2,868
4,779
21,213
2.117
4,167
26, 211
2,085
4,876
40, 707
2,711 5,323
20,064 ; 2.025
5,061
25, 172
2,047
7,108
39, 500
66
448
2,188
9
161
641
4,494
27
483 I 48
3,397 ! 503
16,111 i. 1.467
72 1 7
193
1,100
3,763
5
607
6,289
18, 201
75
66
712
1,246
23
346
2,157
4,515
90
1,313
13, 735
24,033
418
65, 900
256. 670
463.923 1 21,535
141, 510
259, 466
11, 678
117,449
218, 904
1,718
49, 240
7,248
187, 102
11.888 1 631
348,405 I 16,108
3,872
104, 300
7,616
193, 681
353
8,159
3,129
82, 470
6,697
152, 207
31,302
15, 969
1,969
11,841
1,732
623
480
366
122, 698
58, 740
5,664
51,331
6,300
1,279
2.055
1,354
222. 298
112,284
13, 823
81,819
12, 303
3,659
3,275
2,573
11,294
3,889
925
3.468
794
181
204
149
77, 350
23,563
3,387
26, 124
4,357
641
1,379
836
136, 299
46, 192
11,190
41,986
9,588
2,235
2,531
1,829
6,198
1, 394
567
2,117
611
185
152
101
66, 915
12, 600
2, 955
24, 444
4,350
741
1,547
770
116,065
25, 504
10, 639
40, 148
11,546
3,444
2,959
1,903
1,858
3,896
13, 614
985
2,413
11, 720
649
1.989
11,757
186
493
1, 366 1 86 1 .287 1, 064 | 63 284 | i, 229
9.621
33, 166
67,942 1 3,199
16,771 j 39,103
2,521 17,223
47, 303
671
310
4.418
2.525
1,697
2,393
1,046
16, 398
7,410
5,919
4,866
2,308
30, 801
17, 939
12, 027
382
201
1,320
792
504
2,301
954
7, 269
3,643
2, 604
4,655
2, 529
15, 924
9,788
6,207
310
155
1,040
690
326
2,637
1,133
7,194
4,162
2,096
5,853
2,965
19,464
12, 957
6,064
8. 721
16,215
64.370 ' 6.028
13,757 1 75,014 6,933
19, 107
135, 662
1,868
6,659
194
3.649
12, 189
378
14,129 , 1.548
48,761 1 4.370
1,481 ! 110
3,588
9,909
260
19, 354
54, 295
1,365
2,210
4,554
169
5,995
12, 629
482
43, 874
88,411
3,375
28,595 57,907 203,390 11,597
31,456
140, 875
8,198
27, 622
155, 404
27. 866
323
53
263
90
56. 471
646
68
514
208
198, 161
2,387
326
1,814
701
11.253
192
37
94
21
30, 521
531
74
240
90
136. 682
2,352
465
1,103
273
7,786
238
44
86
44
26, 466
674
121
241
119
147, 493
4,542
829
1.609
930
9.077
17. 103
66, 525
6,489
14, 068 79, 774
7,292
17, 992
141. 299
158
STATISTICS OF ES^COME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net incojne and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART I— BUSINESSES WITH
[Total receipts classes and money
Total receipts classes— Continued
Industrial groups
25 under 50
50 under 100
(1)
Number
of busi-
nesses "
(17)
Net
profit "
(18)
Total
receipts
(19)
Number
of busi-
nesses <■
(20)
Net
profit "
(21)
Total
receipts
(22)
129, 708
473, 926
4, 480, 750
53, 112
271, 704
3, 608, 096
423
2,778
14, 701
203
2,354
13, 861
Oil, Ras, and natural gasoline production
234
185
4
1,828
942
8
7,989
6, 565
' 147
114
83
6
1,652
672
30
7,722
5,727
412
Mining and quarrying not allocable ^s
6,438
25, 681
228, 159
3,924
23, 950
272, 210
Food and kindred products -__ _
1,358
345
16
201
812
99
29
464
338
84
727
162
23
239
366
153
88
121
46
19
385
363
4, 289
1,384
36
819
2,569
322
134
1,516
1,325
356
3, 602
793
87
1,038
1,791
756
368
688
175
112
1,789
1,732
48, 692
12, 146
614
7,320
29, 001
3,378
1,012
16, 387
11,815
2,949
25, 137
5,408
815
8,191
13,096
5,541
2,974
4,306
1,476
741
13, 949
13,211
821
243
14
177
632
49
22
311
195
35
282
103
11
121
236
85
36
82
30
19
211
209
3,613
1,536
52
1,023
3,061
295
168
1,687
1,110
217
2,230
855
63
966
1,S09
691
272
725
194
123
1,516
1,647
57, 256
16,644
878
12, 529
44,013
3, 462
1,551
21,765
13, 398
2,418
19, 089
7,264
767
8,486
16,307
5, 853
2,601
5,498
2,150
1,330
14,316
14, 637
Tobacco manufactures - - ..
Apparel and jiroducts made from fabrics.
Leather and products .--
Rubber products
Lumber and timber basic products
Furniture and finished lumber products.
Paper and allied products _ .
Printing and publishing industries
Chemicals and allied products
Petroleum and coal products .
Stone, clay, and glass products
Iron, steel, and products
Nonferrous metals and their products. ..
Electrical machinery and equipment
Machinery, except transportation equip-
ment and electrical
Automobiles and equipment, except
electrical .. ....
Transportation equipment, except auto-
mobiles ..
Other manufacturing.. ..
Manufacturing not allocable
Public utilities...
1,768
7,820
60, 875
736
5,175
49, 764
Transportation
1,694
7,319
58, 185
714
4,974
48, 344
Trucking, local; and warehousing «. .
Other transportation «
Communication ._
1,403
291
33
41
6,022
1,297
205
296
48, 191
9,994
1,176
1,514
614
100
11
11
4,240
734
137
63
41,352
6,992
713
706
Other public utilities
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
159
income ^^ and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
NET PROFIT— Continued
figures in thousands of dollars]
Total receipts classes—
-Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses^'
Net
profit «
Total
receipts
Number
of busi-
nesses ^'
Net
profit "
Total
receipts
Number
of busi-
nesses «
Net
profit "
Total
receipts
(23)
(34)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
22, 033
181, 508
3, 253, 236
4,674
62, 161
1, 567, 383
2,030
47, 540
1, 854, 198
111
2,934
16, 957
25
1,182
8,179
16
358
15, 521
71
2,262
10, 792
19
1,016
6,256
7
226
8,963
37
599
5,704
6
166
1,924
9
130
6,559
3
73
461
2,207
24,359
329, 715
495
10, 161
168, 916
193
7,976
170, 80S
475
3,713
72, 441
106
1,583
36, 328
46
1,418
44,254
ll'J
1,496
17, 483
30
914
10, 440
8
357
6,029
1 233
3
52
1,202
103
1,129
16,584
42
830
14, 141
20
700
15, 752
371
2,981
55, 691
93
1,181
31, 693
35
813
31, 754
55
503
8,534
14
250
4,930
10
209
6,665
15
244
2,230
2
40
799
2
24
1,216
175
1,815
25, 353
24
356
7,963
7
447
6,347
95
1,118
13, 868
30
831
10, 267
5
248
3,213
43
489
6,331
8
191
2,682
1
15
594
97
1,569
13, 626
13
315
4,351
6
648
4,582
56
897
9,002
15
475
5,125
3
125
2,064
7
83
1,238
8
269
2,707
4
306
12, 090
55
787
8,325
7
206
2,167
2
253
2,819
124
1,872
18, 174
20
585
6,504
9
623
8,069
47
725
6,699
9
173
3,269
5
261
3,965
40
580
5,684
2
39
639
1
173
526
50
762
7,174
9
383
2,946
4
168
2,417
22
300
3,366
3
81
1,181
1
37
703
7
103
72
1,407
1,045
15, 214
1
5
52
236
647
20
531
6,881
3,362
139
1,760
20,417
37
874
12, 700
18
863
13, 538
292
4,348
43, 570
53
1,234
18, 860
23
625
17, 520
279
3,866
41, 630
51
1,124
16, 052
22
621
18, 662
222
3,029
32, 918
42
936
13, 301
14
433
9,472
57
837
8,713
9
188
2,751
8
188
7,190
g
407
1 239
1
89
253
5
74
701
1
21
355
1
4
858
160
STATISITIOS OF INCOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART I— BUSINESSES WITH
[Total receipts classes and money
Total receipts classes— Continued
Industrial groups
25 under 50
50 under 100
(1)
Number
of busi-
nesses «
(17)
Net
profit ^2
(18)
Total
receipts
(19)
Number
of busi-
nesses 41
(30)
Net
profit "
(21)
Total
receipts
(32)
Trade
88,811
247, 032
3, 074, 842
36, 260
143, 903
2, 459, 571
Wholesale"
7,216
25, 743
260, 899
6,067
25, 221
429, 192
Retail"
75, 500
205, 534
2, 600, 638
27, 458
108, 021
1, 843, 528
Department, general merchandise,
dry goods. __ ,_ .
4,169
22, 526
1,589
6,730
4,818
2,413
9,411
3,343
7,368
1,997
2,521
348
282
108
460
270
804
2,847
3,496
10, 140
49, 043
5,369
19, 766
15,215
8,361
29, 518
8,592
18, 408
5.354
7,517
1, 562
1,035
397
1,655
800
3,809
9,896
9,098
144, 125
783, 578
53, 959
227, 156
166,513
83, 824
316,088
121,099
■250,049
68, 639
89, 810
11,977
9,825
3,754
15, 423
8,642
27, 693
98, 935
119,548
1,436
8,570
531
1, 453
1,918
1,114
1,779
3,412
1,846
774
1,480
123
104
41
98
102
264
1,157
1,256
5,077
25, 829
2,860
6,519
9,943
6,384
7,998
11,014
6,482
3,043
7,408
916
601
181
651
450
2,219
5,561
4,883
93, 843
570, 214
34, 478
93, 483
128, 829
75, 462
116,272
243, 628
119,760
51, 348
103, 547
8,386
7,012
2,686
6,389
fi.701
18, 336
78, 679
84,475
Food stores
Package liquor stores.
Drug stores..
Apparel
Furniture and house furnishings
Eating and drinking places -
Dealers in automobiles, accessories,
tires, batteries..
Filling stations
Hardware .
Lumber and coal yards
Second-hand stores, except dealers
in second-hand automobiles «
Book and stationery stores «
Sporting goods stores «
Florists *■'
New dealers and news stands «
Jewelry stores <5
Other retail trade .
Retail trade not allocable...
Trade not allocable
1,348
4,747
3,648
12, 107
48, 307
164, 997
969
1,766
3,683
6,978
68,311
118,539
Service
12, 707
109, 443
427, 003
3,510
43, 238
233, 998
t
Personal service .
3,776
17, 039
127, 777
1,023
8,142
67, 895
Hotels and other lodging places
Photographic studios...
1,252
955
179
192
1,080
93
25
4,330
3,567
991
750
6,939
348
114
42, 324
32, 523
6,124
6,248
36, 568
3,097
892
296
379
76
29
225
15
3
1,647
2,481
551
193
3,119
131
20
19,691
25, 342
5,037
1,829
14, 765
1,004
227
Barber and beauty shops «
Funeral service *^
Other personal service .
Personal service not allocable
Business service
823
5,675
28, 569
337
3,311
23, 214
Advertising
263
41
12
76
342
89
1,965
191
80
527
2,095
716
9,150
1,361
388
2,679
11,770
3,221
140
17
3
32
118
27
1,432
95
44
323
1,082
335
9,583
1,235
182
2,151
8,189
1,876
Adjustment and credit bureaus and
collecting agencies .
Private employment agencies...
Duplicating and mailing service
Other business service
Business service not allocable
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
161
income*'^ and with business schedule D showing not fewer than the following items,
bij business with net profit or loss and by total receipts classes: number of businesses,
NET PROFIT— Continued
figures in thousands of dollars]
Total receipts classes—
Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses "
(33)
Net
profit "
' (34)
Total
receipts
(35)
Number
of busi-
nesses "
(36)
Net
profit "
(37)
Total
receipts
(38)
Number
of busi-
nesses «
(29)
Net
profit «
(30)
Total
receipts
(31)
14, 856
95, 568
2, 196, 708
3,288
35, 068
1, 102, 901
1,401
26, 139
1, 226, 318
4,805
28, 309
705, 415
1,483
14, 256
505, 610
833
13, 263
756, 827
8,983
58, 999
1, 304, 959
1,538
17, 420
508, 957
468
10, 408
382, 214
391
1,946
101
260
539
375
347
2,795
321
207
701
34
43
13
21
30
90
400
369
2,565
9,372
1,007
1,849
4,847
4,481
3,122
14, 148
2,212
1,331
6,271
241
474
122
203
296
1,248
2,754
2,458
56, 586
272, 523
14, 339
34, 768
76, 487
52, 590
49, 007
431.0,54
45, 187
28, 345
102, 076
4,712
6,196
1,736
2,467
4,048
13, 160
56, 894
52, 785
45
252
12
24
81
33
38
761
30
22
106
1
10
1
700
2,246
183
304
1,353
679
678
6,857
391
320
1,713
19
154
20
15, 081
83,664
3,939
7,986
25, 859
11,248
12,086
253, 648
9,761
6,796
35, 248
337
3,077
390
25
73
2
4
22
2
6
263
7
4
22
1
3
1
955
1,598
15
76
686
133
404
4,860
148
101
574
9
50
1
24, 018
66, 851
1,224
2,295
27. 794
1,411
4,576
205, 314
4,686
3,182
14, 582
549
1,897
534
4
14
51
53
71
316
702
715
1,235
4,232
17, 037
17, 336
1
3
19
10
31
200
403
165
544
2,397
12, 863
7,498
638
630
3,679
4.581
95, 701
90, 632
152
115
1,585
1,807
50, 104
38, 229
53
47
1,289
1,180
44, 675
42, 601
997
19, 129
138, 989
132
4,151
43,309
64
4,185
55, 082
222
2,917
29, 718
24
535
7,707
9
364
7,890
79
94
13
8
23
2
3
971
1,061
198
62
572
8
46
10, 476
12. 605
1,886
1,054
2,982
245
471
10
7
1
1
2
1
2
196
159
47
8
107
12
6
3,195
1,983
294
431
685
398
721
4
2
3
51
57
256
3,696
1,057
3,137
150
2,138
21, 048
24
549
7,987
10
419
9,014
67
2
867
29
9,557
245
6
1
187
7
2,172
257
4
249
4,263
6
62
13
98
966
179
1,020
8,364
1,862
3
11
3
99
197
59
858
3,680
1,000
5 116
1 55
3,446
1,304
162
STATISTICS OF INCOMEj, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no nef
total receipts, total deductions, and net profit or loss,'^^ 1939, by industral groups,
net profit or loss, and total receipts — Continued
PART I— BUSINESSES WITH
[Total receipts classes and money
Total
receipts classes— Continued
i
Industrial groups
25 under 50
50 under 100
(1)
Number
of busi-
nesses *'
(17)
Net
profit "
(18)
Total
receipts
(19)
Number
of busi-
nesses <'
(30)
Net
profit «
(31)'
Total
receipts
(23)
Service— Continued.
Automobile repair services and garages..
1,669
4,492
56, 756
599
1,877
40, 803
Amusement - .. . . .
1,444
7,673
49, 130
485
4,525
32, 414
Motion-picture production
Motion-picture theaters. ...
35
619
787
3
335
3,038
4,270
30
1,105
20, 864
27, 062
99
16
179
285
5
268
1,836
2,386
36
1,092
11,966
18, 975
381
Other amusement
Amusement not allocable.
Professional and social service
4,565
72, 624
150, 133
943
24, 641
61, 599
Accountants, auditors and book-
keeping service . ...
148
2,663
1,848
42, 979
4,944
86, 208
34
406
694
10, 168
2,163
25, 980
Medical and health services. ..
Physicians, surgeons, oculists,
osteopaths and chiropractors «
Dentists <5
Other medical services «
Legal services .
2,102
299
262
1,015
432
115
110
82
36, 884
3,921
2,173
19,286
5,037
686
1,881
906
67, 946
9.431
8,831
33, 902
14,727
3,811
3,736
2,806
291
29
86
266
152
38
22
25
8, 539
464
1,166
9, 368
2,733
410
862
406
18,396
1,891
5, 693
17,381
10, 278
2,542
1,512
1,743
Engineering and architectural ser-
vices...
Educational institutions and agencies
Other professional and social services
Professional and social services not
allocable ..
Miscellaneous repair services (excluding
automotive)''''
382
1,745
13, 074
110
670
7,191
Service not allocable ..
48
294
1,564
13
74
881
42, 428
Finance, insurance, and real estate
1,536
14, 262
53, 143
622
8,193
Security and commodity-exchange brok-
ers and dealers.
200
113
594
460
169
6,910
2,429
1,288
5, 220
3,552
1,774
7,239
3,957
20, 398
15,916
5,634
121
40
241
184
36
1,594
725
3,531
1,831
512
7,827
2,763
16, 639
12, 877
2,321
Other finance
Insurance agents, brokers and services .
Real estate <8
Finance, insurance, and real estate not
allocable. .
Construction
24, 330
242, 066
3,411
18, 701
235, 773
General contractors
2,807
3,955
148
9, 558
14, 248
524
100,210
136, 779
5,078
1, 853
1,461
97
9,798
8, 286*
618
130, 963
97, 958
6,852
118,428
Special trade contractors
Construction not allocable
Agriculture, forestry, and fishery «.
4,953
4,604
210
30
44
65
22, 986
166, 934
1,782
13, 026
Farming '"
21,777
657
133
217
202
154,939
7,137
1,047
1,530
2,281
1,631
86
18
28
19
12, 308
369
90
145
113
107, 940
5,963
1,236
1,825
1,465
Agricultural and similar services 5'
Forestry, excluding logging camps"
Fishery, and oyster culture "
Agriculture, forestry, and fishery not
allocable. .
Nature of business not allocable, except trade.
6,160
19, 593
213, 028
2,664
13, 163
182, 064
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
163
income '"' and with business schedule D showing 7iot fewer than the following itetns,
by business ivith net profit or loss and by total receipts classes: number of businesses,
NET PROFIT— Continued
figures in thousands of dollars]
Total receipts classes— Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses <i
(33)
Net
profit "
(34)
Total
receipts
(35)
Number
of busi-
nesses *'
(36)
Net
profit «
(37)
Total
receipts
(28)
Number
of busi-
nesses <'
(39)
Net
profit «
(30)
Total
receipts
(31)
188
1,047
26, 400
11
128
3,900
4
65
2,812
190
3,782
28, 239
51
1,688
16, 694
31
2,329
29, 273
11
46
131
2
412
805
2,390
175
1,436
6,154
20, 309
339
4
5
42
553
249
886
1,233
1, 542
13, 920
3
249
1,961
28
2,080
27, 312
228
9,005
31,079
21
1,228
6,684
10
1.007
6,093
3
69
101
1,709
539
8,902
5
281
1,684
6
189
3,805
29
14
26
56
62
15
14
9
916
267
526
3,847
1,744
244
925
436
3,663
1,884
3,355
-7,729
8,606
1,952
2,040
1,310
1
3
1
8
7
1
69
117
95
715
182
50
289
1,085
310
2, 683
1,899
419
3
2
1
3
1
89
48
51
777
41
1,629
1,477
699
1,762
527
19
239
2,605
1
25
356
297
5,116
44, 047
85
1,189
28, 702
86
884
143, 380
85
25
96
82
9
817
428
2,286
1,246
340
13, 243
3,282
13, 507
12, 616
1,399
46
7
10
18
4
226
77
216
347
322
16, 443
1,900
3,151
5,903
1,305
75
2
2
4
3
591
17
69
177
30
132, 379
2,684
1,200
4,364
2,753
1,468
13, 146
216, 935
264
4,316
88, 469
123
4,264
105, 304
978
441
49
8,656
4,100
390
146, 379
63, 015
7,540
187
61
16
3,175
891
249
63, 792
19, 496
5,181
104
10
9
3,864
282
118
91, 884
7,540
5,880
631
7,264
92, 410
117
1,743
39, 302
40
1,164
36, 183
537
74
6
5
9
6,552
526
54
48
85
77, 105
12, 043
900
835
1,526
101
9
1,515
108
34, 209
2,976
38
1
1,136
18
35, 047
586
1
6
9
111
255
* 1, 861
1
10
550
1,174 1 9,645 173,906 1 215
3,117
70, 944
84
1,947
84, 285
437826-
-12
164
srrATi'SiTxos of ixcome, part 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, hrj industrial groups,
net profit or loss, and total receipts — Continued
PART II— BUSINESSES
[Total receipts classes and money
Total recipts classes
Industrial groups
Aggregate
Under 5
(1)
Number
of busi-
nesses ^'
(2)
Net
loss «
(3)
Total
receipts
(4)
Number
of busi-
nesses 4'
(5)
Net
loss «
(6)
Total
receipts
(7)
All industrial groups _ .. .
123, 191
214, 410
2, 162. 697
57, 748
63, 853
95, 680
1,199
5,746
25, 767
626
1,287
1,043
Oil. gas, and natural gasoline production
and field service operations ■'^
Other mining and quarrying «
Mining and quarrying not allocable «...
830
353-
16
4,330
1,381
34
17, 136
7,968
664
459
158
9
924
359
4
808
215
20
Manufacturing ...
4,594
11,079
149, 928
1,205
1,256
2,538
Food and kindred products. .
841
188
55
174
446
75
35
441
241
34
672
157
31
162
167
85
66
119
46
51
251
257
1,630
332
89
493
1,033
256
60
1,105
495
142
1,770
443
127
407
383
141
181
325
110
269
476
813
36,410
5,156
847
9,437
22, 005
4,135
1,226
15. 132
6,246
1,416
13, 392
2,6'8
1,256
4,334
3,964
1,634
1,352
2,197
1,433
907
4,411
10,419
134
55
13
21
96
9
6
113
54
11
264
65
10
51
42
22
25
40
3
9
102
60
107
46
6
19
118
8
5
150
62
10
224
70
27
47
51
14
59
50
4
10
87
80
380
112
18
38
263
29
14
260
150
19
480
84
10
126
92
57
41
54
2
16
176
115
Beverages-
Tobacco manufactures
Textile-mill products
Apparel and products made from fabrics.
Leather and products. _.
Rubber products
Lumber and timber basic products
Furniture and finished lumber products.
Paper and allied products
Printing and publishing industries
Chemicals and allied iiroducts
Petroleum and coal products
Stone, clay, and glass products
Iron, steel, and products
Nonferrous metals and their products. ..
Electrical machinery and equipment
Machinery, except transportation equip-
ment and electrical
Automobiles and equipment, except
electrical ..
Transportation equipment, except auto-
mobiles
Other manufacturing.. .
Manufacturing not allocable ..
Public utilities
1,513
2,324
■ 29, 029
600
418
1,123
Transportation
1,392
2,153
27, 771
630
331
950
Trucking, local; and warehousing *'=..
Other transportation <5
969
423
67
54
1,512
640
112
60
21,803
5,968
698
561
339
191
35
35
186
145
67
30
662
288
69
104
Communication ..-..
Other public utilities
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
165
income '"' and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses
WITH NET LOSS
figures in thousands of dollars]
Total receipts classes— Continued
5 under 10
10 under 15
15 under 25
Number
of busi-
nesses <'
(8)
Not
loss <2
(9)
Total
receipts
(10)
Number
of busi-
nesses 4'
(11)
Net
loss «
(12)
Total
receipts
(13)
Number
of busi-
nesses «
(14)
Net
loss "
(15)
Total
receipts
(16)
20, 105
30, 863
145, 592
12, 151
20, 952
149, 822
13, 188
25, 685
255, 824
156
636
1,087
96
484
1,190
117
516
2,152
108
46
2
463
162
11
767
307
13
66
28
2
413
67
4
823
339
28
80
37
408
108
. 1,478
674
785
1,099
5,656
497
776
6.219
754
1,404
14, 668
133
20
9
30
64
13
13
45
40
4
147
36
1
26
32
12
12
22
11
19
29
47
122
36
16
28
81
29
23
86
50
2
151
51
7
39
43
13
10
53
8
95
31
124
1,020
160
66
210
453
94
77
347
293
36
1,079
273
6
201
255
78
88
161
126
211
343
81
17
11
26
31
8
6
58
43
1
63
9
4
23
25
10
6
15
2
6
29
23
136
19
26
53
69
16
4
79
59
(19)
74
16
5
25
51
7
5
21
2
11
48
50
1,027
200
147
327
378
100
85
724
533
10
796
111
48
288
309
129
75
187
27
75
365
279
139
28
14
26
82
14
1
72
39
5
113
19
5
22
23
17
6
15
5
12
48
49
206
54
17
58
159
19
(19)
120
61
5
141
62
10
96
43
15
15
41
7
54
122
100
2,701
545
301
482
1,699
281
23
1,340
784
99
2,161
355
102
426
453
303
118
292
101
220
880
999
271
294
1,915
168
202
2,099
169
332
3,187
253
276
1,782
154
183
1,905
160
313
3,040
186
67
9
9
179
98
8
10
1,313
469
57
76
83
71
11
3
89
93
15
3
1,022
883
155
39
122
38
6
3
217
97
17
2
2,340
700
89
48
166
STATISTICS OF INCOME, PART 1
Table 8-A. — Indin'dual returns, Form 1040, with net income and loith no net
total receipts, total deductions. a7id net profit or ioss,*^ 1939, by industrial gro7ips,
net profit or loss, and total receipts — Continued
PART II— BUSIXESSES WITH
[Total receipts classes and money
Total receipts classes
Industrial groups
Aggregate
Under 5
(1)
Number
of busi-
nesses"
(8)
Net
loss "
(3)
Total
receipts
(4)
Number
of busi-
nesses «
(5)
Net
loss"
(6)
Total
receipts
(7)
42,095
61, 168
1,222,414
7,464
5, 8-^3
18, 679
Wholesale**
4,336
9.719
259. 838
978
1.064
1,948
Betail«.. -
34,963
45, 987
860, 478
6,119
4,442
15, 825
Department, general merchandise,
drvgoods- - .
2,312
7,197
469
2,154
3,335
1,325
6,298
2,195
1,896
1,178
1,227
231
254
93
384
63
440
2,206
1,706
3,723
7,683
502
2,522
4,961
2,193
7,038
4,699
1,776
1,737
2,255
313
309
112
499
60
703
2,533
2,369
62.908
201,513
7,646
43,268
66,470
26,487
108, 411
154. 991
37, 284
22,990
33, 517
2,996
3,463
1,349
4,863
860
6.786
35, 176
39,499
297
879
87
268
704
315
1,017
195
362
208
224
88
84
37
113
26
131
770
314
222
495
48
206
569
303
707
230
218
162
206
75
58
26
95
14
113
486
209
795
2,359
227
734
1,914
794
2,910
530
1,025
580
543
218
159
104
299
363
1,428
765
Food stores.. ..
Package liquor stores . _ ..
Drue stores .
Apparel
Furniture and house fiuTiishings
Eating and drinking places
Dealers in automobiles, accessories,
tires, batteries .
Filling stations.. .
Hardware... .
Lumber and coal vardS- ...
Second-hand stores, except dealers
in second-hand automobiles *5
Book and stationery stores «
Sporting goods stores '5
Florists"
Xews dealers and news stands *5
Jewelrv stores '5...
Other retail trade
Retail trade not allocable
Wholesale and retail trade combined
Trade not allocable
534
2.262
1,242
4.220
43, 337
58. 761
37
330
54
263
101
805
Serrice
17, 205
23,947
150. 445
10, 683
8,536
16.404
Personal service
5,435
6,912
61, 526
2,499
1,632
5,637
Hotels and other lodging places
Laundries, cleaning and dyeing
Photographic studios ..
3,364
523
213
784
355
156
40
4,751
697
178
659
484
94
48
40.174
9,370
1,183
5,134
4,059
1.174
'431
1,517
138
137
508
97
76
26
1,116
99
89
189
90
26
25
3,461
376
186
1,119
278
182
36
Barber and beautv shops «. .
Funeral service "
Other personal service .
Personal service not allocable
Business service
721
1.062
9,212
383
303
510
Advertising.
196
35
21
63
307
99
303
24
15
56
573
92
3, 218
210
68
558
4.536
622
100
24
17
33
134
75
92
9
12
17
129
45
149
26
23
47
185
81
Adjustment and credit bureaus and
collecting agencies
Private employment agencies
DupUcating and mailing service
Other business service
Business service not allocable
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
167
income *° and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
NET LOSS— Continued
figures in thousands of dollars]
Total receipts classes— Continued
5 under 10
10 under 15
15 under 25
Number
of busi-
nesses <'
Net
loss "
Total
receipts
Number
of busi-
nesses "
Net
loss "
Total
receipts
Number
of busi-
nesses "
Net
loss"
Total
receipts
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
8,173
7,775
60, 803
6,487
7,232
80, 267
7,489
9,880
146, 577
465
649
3,407
457
925
5,711
517
874
10, 210
7,194
6,543
53, 446
5.569
5,773
68, 835
6,484
8,143
126, 782
461
526
3,487
421
437
5,190
489
674
9,537
1,274
912
9,472
1,074
845
13, 391
1,415
1,446
27,956
121
93
881
71
71
896
109
117
2,055
423
369
3,101
376
402
4,697
5i0
546
10, 008
774
842
5,682
551
607
6,834
540
831
10, 493
279
397
2,120
184
248
2,277
257
421
5,027
1,636
1,227
12, 278
1,206
1,149
14,683
1,271
1,583
24,783
215
310
1,665
185
244
2,347
281
453
5,487
357
207
2,729
322
234
3,912
409
415
8,114
269
304
2,022
217
261
2,738
204
328
4.055
197
213
1,479
182
241
2,296
206
327
4,035
62
47
422
23
35
277
30
41
570
83
82
567
29
42
355
34
44
608
17
29
120
12
15
155
13
11
240
114
124
856
57
56
703
53
57
1,033
8
7
56
8
11
105
11
13
208
102
121
761
94
175
1,125
60
119
1,147
472
467
3,375
288
328
3,495
289
346
5.480
330
268
2,372
269
372
3,358
303
372
5.945
47
£8
366
65
78
863
85
132
1.756
467
524
3,583
396
456
4,857
403
731
7,829
2,592
3.690
18, 598
1,304
2,305
16, 070
1,299
2,842
24,978
1,152
1,088
8,323
632
831
7,769
698
979
11,624
649
649
4,742
421
551
5,204
402
687
7,839
131
118
877
60
97
726
86
143
1,743
43
45
303
15
22
181
10
11
198
177
133
1,289
42
31
517
35
37
639
107
115
783
68
112
835
55
91
1,021
42
27
310
24
15
281
t
8
128
3
1
19
2
3
26
3
3
56
122
193
846
68
97
834
70
237
1,307
32
80
220
23
25
276
14
33
268
3
4
21
2
2
23
3
4
56
2
1
18
1
1
12
1
1
15
17
8
101
5
15
57
4
6
84
56
89
390
32
43
403
47
193
863
12
11
95
5
12
64
1
(")
22
168
STATISTICS! OF ENCOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART II— BUSINESSES WITH
[Total receipt
s classes
and money
Total receipts classes
Industrial groups
Aggregate
Under's
(1)
Number
of busi-
nesses ^'
(3)
Net
loss *■
(3)
Total
receipts
(4)
Number
of busi-
nesses <'
(5)
Net
loss *-
(6)
Total
receipts
(7)
Service— Continued .
Automobile repair services and garages. _ .
1,165
1,358
21. 702
227
140
501
2,188
7,475
32, 070
1,031
1,834
1,968
Motion-picture production
Motion-picture theaters
33
391
1,753
11
54
598
6,781
41
375
7,921
23, 617
157
19
90
920
2
19
67
1,745
3
40
236
1,691
1
Other amusement
Amusement not allocable .
7,283
6,734
21,431
6,371
4,527
7,450
Accountants, auditors and book-
153
3,291
121
2,672
750
9,688
118
2,865
59
1,927
131
3,943
Physicians, surgeons, oculists,
osteopaths and chiropractors *^
Dentists <5
Other medical services <»
2,604
274
413
2,322
671
297
443
106
1,959
246
467
1,942
987
503
363
147
6.092
809
2,788
4,250
3,778
2.068
608
289
2.378
237
250
2,170
507
205
417
89
1,579
165
183
1,505
512
132
287
105
3,168
366
409
2,207
577
225
299
68
Engineering and architectural serv-
Educational institutions and agen-
cies.
Other professional and social services
Professional and social services not
Miscellaneous repair services (excluding
363
357
4.234
137
81
307
Service not allocable.- ... _.. _
50
49
270
35
17
29
Finance, insurance, and real estate ..
3,460
7,674
76, 527
2,299
3,031
3,635
Security and commodity-exchange bro-
kers and dealers _
510
148
612
1,667
523
1,539
433
544
4,382
776
50, 634
1,729
3,655
14, 720
5. 789
279
92
471
1,051
406
592
190
299
1,541
409
400
161
580
1,735
659
Other finance ..
Insurance agents, brokers and services. . .
Real estate" .
Finance, insurance, and real estate not
allocable. . .....
Construction
8,126
7,348
116,351
667
610
1,521
General contractors .._
1,379
1,659
88
4.519
2,544
285
74, 075
38. 021
4,255
238
397
32
325
255
31
526
971
24
Special trade contractors
Construction not allocable. ._
Agriculture, forestry, and fishery 4'
43, 806
82, 920
251, 308
32, 260
40, 880
47, 115
Farming w _ .
43. 136
343
112
115
100
81, 505
754
237
155
269
240 048 1 31 994
40, 604
166
19
49
42
46.650
257
52
96
59
Agricultural and sim ilar services si
Forestry, excluding logging camps «
Fishery, and oyster culture «
6.427
1,893
881
2,059
147
29
65
25
Agriculture, forestry, and fishery not
allocable .
Nature of business not allocable, except trade.
6,193
12, 204
140,927 1 1,944
2,013
3, 722
For footnotes, see p. 241.
STATISTICS OF INCOME, PART 1
169
income ^^ and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
NET LOSS— Continued
figures in thousands of dollars]
Total receipts classes— Continued
5 under 10
10 under 15
15 under 25
Number
of busi-
nesses "
(8)
Net
loss *-
(9)
Total
receipts
(10)
Number
of busi-
nesses <i
(11)
Net
loss «
(12)
Total
receipts
(13)
Number
of busi-
nesses <'
(14)
Net
loss 42
(15)
Total
receipts
(16)
316
238
2,330
168
175
2,094
215
339
4,106
401
1,134
2,892
218
866
2,667
229
800
4,400
4
86
309
2
6
95
1,031
2
32
662
2,184
15
2
61
152
3
1
129
725
11
26
770
1,828
42
4
57
165
3
15
86
678
21
78
1,119
3,138
64
516
968
3,592
138
264
1,705
149
420
2,817
16
258
34
386
128
1,830
2
67
5
107
25
830
14
62
3
147
241
1,189
152
25
81
93
91
32
17
9
202
45
138
225
174
91
48
10
1,054
188
588
605
634
225
114
56
27
5
35
24
15
23
4
3
55
6
46
49
22
55
6
20
324
60
447
300
182
282
47
38
30
4
28
19
28
19
3
4
72
25
50
76
107
64
12
10
575
87
527
368
539
355
56
69
82
64
592
74
65
929
34
59
656
3
5
22
6
8
72
4
9
69
491
956
3,427
219
817
2,632
165
679
3,131
58
32
64
266
71
161
83
50
562
99
396
267
399
1,853
512
33
7
32
130
17
113
103
55
507
39
397
83
372
1,571
209
37
3
25
96
4
158
13
56
410
42
698
55
560
1,741
77
573
708
4,190
371
497
4,572
475
870
9,163
197
365
11
326
357
25
1,422
2,682
87
141
226
4
224
. 269
5
1,747
2,778
48
189
277
9
426
435
9
3,673
5,325
169
5,926
14, 002
41,518
2,220
7,370
26, 958
1,802
7,275
34, 420
5,816
52
18
24
16
13,716
102
56
42
87
40, 709
424
123
163
98
2,129
38
25
11
17
7,238
53
18
26
35
25, 877
464
299
131
187
1,697
58
17
6
24
7,026
174
40
3
32
32, 319
1,181
333
120
468
1,158
1,702
8,399
789
1,269
9,815
918
1,887
17,542
170
STATISTICS OF INCOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industral groups,
net profit or loss, and total receipts — Continued
PART ir— BUSINESSES WITH
[Total receipts classes and money
Industrial groups
(1)
All industrial groups..
Mining and quarrying
Oil, gas, and natural gasoline production
and field service operations '^
Other mining and quarrying "
Mining and quarrying not allocable *^--.
Manufacturing
Food and kindred products
Beverages.
Tobacco manufactures
Textile-mill products
Apparel and products made from fabrics
Leather and products
Rubber products
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing industries
Chemicals and allied products
Petroleum and coal products
Stone, clay, and glass products
Iron, steel, and products
Nonferrous metals and their products...
Electrical machinery and equipment
Machinery, except transportation equip-
ment and electrical.
Automobiles and equipment, except
electrical.
Transportation equipment, except auto-
mobiles.
Other manufacturing
Manufacturing not allocable _.
Public utilities
Transportation.
Trucking, local; and warehousing <'.
Other transportation <5
Communication
Other public utilities
For footnotes, see p. 241.
Total receipts classes
25 under 50
Number
of busi-
nesses <'
(17)
11, 564
117
162
37
6
35
60
10
5
68
33
6
56
18
5
17
25
20
11
19
125
31
4
1
Net
loss "
(18)
29, 337
1,064
252
9
1,788
301
84
18
103
126
22
9
216
83
25
132
66
19
64
89
55
46
53
56
87
44
90
426
324
91
10
Total
receipts
(19)
401, 398
4,090
2, 3.54
1,696
40
23, 487
5,716
1,252
187
1,248
2,155
333
176
2,425
1,070
211
1,924
654
173
605
864
700
384
622
676
66
759
1,286
50 under 100
Number
of busi-
nesses "
(30)
5,236
48
406
5,744
5,550
4,480
1,064
150
44
112
20
2
14
51
13
1
55
21
4
18
7
4
19
12
3
4
5
4
2
13
22
107
103
Net
loss <2
(21)
19, 336
644
220
2
1,751
333
63
5
80
207
19
2
272
94
51
67
47
29
95
53
11
26
92
30
9
67
405
341
64
3
3
Total
receipts
(22)
359, 806
3,598
1,872
1,662
64
27, 879
7,721
1,455
128
992
3,488
869
76
3,815
1,310
299
1,260
478
315
1,222
855
232
257
299
274
1,515
7,408
7.130
5,897
1,233
168
110
STATISTICS OF INCOME, PART 1
171
income*^ and with business schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
NET LOSS— Continued
figures in thousands of dollars]
Total receipts classes-
-Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses <'
(23)
Net
loss <2
(24)
Total
receipts
(25)
Number
of busi-
nesses "
(26)
Net
loss '2
(27)
Total
receipts
(28)
Number
of busi-
nesses »
(29)
Net
loss "
(30)
Total
receipts
(31)
2.424
13, 755
356, 719
564
5,973
190, 537
211
4,655
207, 317
28
296
4,213
8
259
3,009
3
660
5,385
19
9
232
64
2,869
1,345
2
5
1
106
149
4
780
1,731
498
3
560
5,385
217
1,317
32, 507
56
536
18, 884
21
1,151
18, 089
62
11
255
30
8,918
1,431
11
89
3,414
7
81
5,513
14
41
4
2
22
9
2
8
2
1
2
8
1
2
3
2
1
8
12
65
186
21
6
111
78
42
51
129
1
19
53
26
19
16
3
3
76
129
2,079
6,110
661
421
3,297
1,425
357
1,045
297
151
336
1,136
134
390
582
276
242
1,160
2,057
5
18
4
1
7
2
1
1
1
1
1
61
44
123
11
67
7
6
2
2
29
20
1,984
5,664
1,767
353
2,170
681
386
• 419
364
450
275
3
3
27
43
2,077
1,795
1
4
753
2
928
4,228
1
1
854
3 73
957
4
68
2,869
31
186 4, 589
4
37
1, 388
2
17
1,575
30
174
4,450
4
37
1,388
2
17
1,575
24
6
124
51
3, 540 3
909 1
36
1
967
422
2
17
1,575
i
12
139
172
STATISTICS OF EN'OOME, PART 1
Table 8-A. — Individual returns, Form IO4O, with net income and with no net
total receipts, total deductions, and net profit or loss,*^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART II.— BUSINESSES WITH
[Total receipts classes and money
Industrial groups
(1)
Trade-
Wholesale ".
Retail <8
Department, general merchandise,
dry goods.
Food stores
Package liquor stores
Drug stores
Apparel.
Furniture and housefurnishings
Eating and drinking places
Dealers in automobiles, accessories,
tires, batteries.
Filling stations
Hardware
Lumbfr and coal yards
Second-hand stores, except dealers
second-hand automobiles ".
Book and stationery stores " ..-.
Sporting goods stores " -_.
Florists "
News dealers and news stands *'
Jewelry stores *^
Other retail trade
Retail trade not allocable
Wholesale and retail trade combined —
Trade not allocable
Service
Personal service.
Hotels and other lodging places-
Laundries, cleaning and dyeing.
Photographic studios
Barber and beauty shops *'
Funeral service *^
Other personal service
Personal service not allocable
Business service.
Advertising
Adjustment and credit bureaus and
collecting agencies
Private employment agencies
Duplicafing and mailing service
Other business service
Business service not allocable
Total receipts classes
25 under 50
Number
of busi-
nesses *'
(17)
6,106
408
1,651
62
462
530
186
881
459
334
198
257
19
30
244
309
120
438
268
77
6
17
24
7
4
42
Net
loss "
(18)
1,303
10, 544
784
2,074
77
695
1,132
439
1,494
975
4'^3
405
631
60
44
19
105
519
530
256
768
956
725
102
5
32
58
2,0
14
115
Total
receipts
(19)
254, 947
24, 350
210, 926
14,034
57, 028
2,189
15.615
18. 163
6.392
29. 652
16, 695
11.373
6,971
9,034
664
639
276
1,517
305
979
8.338
11.064
4,404
15. 267
30, 321
13, 913
9,066
2,892
207
533
805
272
138
1,497
440
85
47
812
113
50 under 100
Number
of busi-
nesses <■
(30)
3,245
574
2,423
192
657
17
96
176
86
229
411
67
118
6
3
5
4
2
19
108
139
97
151
309
Net
loss "
(31)
1,644
6,028
544
1,089
47
191
654
260
581
1,038
184
432
40
6
11
53
226
464
189
453
2,115
694
552
83
7
34
19
28
Total
receipts
(33)
223, 478
41,681
164, 342
12,710
44, 406
1,078
6,363
12, 103
5.768
15, 146
29, 642
5,676
4,395
7.965
405
243
324
285
109
1,144
7,338
9, 243
7,023
10. 432
20, 824
7,420
5,052
1,788
108
191
224
57
1,862
677
122
940
123
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
173
income *° and with biisiness schedule D showing not fewer than the following items,
by business with net profit or loss and by total receipts classes: number of businesses,
NET LOSS— Continued
figures in thousands of dollars]
Total receipts classes-
-Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses "
(23)
Net
loss "
(24)
Total
receipts
(25)
Number
of busi-
nesses "
(26)
Net
loss <2
(27)
Total
receipts
(28)
Number
of busi-
nesses "
(29)
Net
1
(30)
Total
receipts
(31)
1,450
5,429
213, 081
342
1,838
115, 384
115
2,007
109, 199
455
1,743
68, 131
162
974
56, 117
62
542
48, 284
877
3,149
128, 099
148
713
49, 115
43
653
43, 108
38
212
2
18
48
14
52
344
21
13
36
3
2
1
1
164
599
49
109
240
87
215
1,037
50
82
127
14
14
1
53
5,244
30, 947
320
2,460
6,846
1,902
7,255
51,642
3,220
1,609
5,551
439
289
130
170
3
28
23
120
814
9,755
3
7
349
104
11,098
6,200
1
11
3
6
78
2
2
3
70
32
81
267
8
11
79
291
3, 795
930
1,703
25, 619
588
619
2,614
1
1
18
5
640
1,276
27
1
144
1
21, 364
648
1
19
602
2
32
38
11
158
140
217
4,678
5,181
1
3
3
3
4
11
321
1,045
1,021
1
9
729
1
3
551
61
57
200
336
9,000
7,852
15
17
74
77
5.058
5,094
7
3
202
611
14, 766
3,042
118
1,131 1 16,357
13
464
4,060
4
221 2, 833
33
442
4,393
5
88
1,709
1
201 737
26
4
425
12
3,502
568
4
1
47
41
1,309
399
1
1
1
1
109
113
1
201
737
1
2
100
8
4
41
986
2
6
1, 370
13
497
1
(IB)
691
1
2
1
1 101
27 264
(19) 124
1
5
679
174
STATISTICS OF IISTCOMB, PART 1
Table 8-A. — Individual returns, Form IO4O, with 7iet income and ivith no net
total receipts, total deductions, and net profit or loss,^^ 1939, by industrial groups,
net profit or loss, and total receipts — Continued
PART II.— BUSINESSES WITH
[Total receipts classes and money
Total receipts classes— Continued
Industrial groups
25 under 50
sounder 100
(1)
Number
of busi-
nesses <'
(17)
Net
loss "
(18)
Total
receipts
(19)
Number
of busi-
nesses"
(30)
Net
loss «
(31)
Total
receipts
(33)
Service— Continued
Automobile repair services and garages.
162
279
5,468
51
121
3,546
181
911
6,236
81
1,069
5,435
2
65
113
1
12
111
784
5
71
2,239
3,892
35
2
24
55
2
74
993
129
1,549
3,757
Motion-picture theaters
Otlier amusement
68
316
2,286
33
143
2,223
Accountants, auditors and book-
1
26
4
51
34
880
1
12
4
51
52
744
Medical and health services
Physicians, surgeons, oculists,
osteopaths and chiropractors "_
Dentists " -
11
3
12
11
15
14
1
27
5
19
47
89
120
5
378
109
394
383
602
456
31
5
21
321
Other medical services <5 __.
7
4
12
2
1
1
30
8
73
2
4
2
423
260
890
157
61
58
Engineering and architectural serv-
Educational institutions and agen-
cies
Other professional and social services-
Professional and social services not
Miscellaneous repair services (excluding
25
57
843
6
17
340
2
10
77
125
832
4,394
69
419
4, 420:
Security and commodity-exchange brok-
26
7
12
72
8
92
25
41
627
48
966
227
389
2,530
282
16
5
3
32
13
57
27
262
67
1,067
330
177
2,124
722
Insurance agents, brokers and services. ..
Finance, insurance, and real estate not
481
1,237
16,741
297
1,132
20, 465
247
225
9
,774
434
29
8,716
7,728
298
168
118
11
684
405
44
11,641
7,990
834
1,018
6,408
34, 782
402
8,114
27, 529
963
23
16
8
8
6,241
55
55
32
25
32, 896
743
566
285
292
375
13
6
1
7
3,003
66
26
4
15
25, 674
863
404
85
503
Agricultural and similar services "
Forestry, excluding logging camps <*
Agriculture, forestry, and fishery not
Nature of business not allocable, except trade.
776
2,068
26, 892
353
1,436
24, 204
For footnotes, see p. 241.
STATISTICS OF INCOME^ PART 1
175
income *" and irith husimss schedule D sho^r^7lg not fewer than the folloxving items,
by business icith net profit or loss and by total receipts classes: number of businesses,
NET LOSS— Continued
figures in thousands of dollars]
Total receipts classes— Continued
100 under 250
250 under 500
500 and over
Number
of busi-
nesses "
(33)
Net
loss «
(24)
Total
receipts
(25)
Number
of busi-
nesses *'
(26)
Net
loss "
(27)
Total
receipts
(38)
Number
of busi-
nesses <i
(29)
Net
loss «
(30)
Total
receipts
(31)
25
66
3,394
1
(19)
264
40
475
5,931
6
373
1,816
1
15
725
7
33
31
444
1,045
4,886
1
5
5
368
299
1,516
1
15
725
7
93
1,087
1
3
272
1
10
139
1
3
272
1
3
272
1
3
2
32
10
40
126
453
369
5
15
568
-- - --
49
627
7,440
20
137
7,331
23
176
40, 216
24
1
3
19
2
124
5
6
453
39
3,752
223
476
2,658
329
17
1
2
119
7
11
6,247
382
702
20
123
36, 709
1
2
19
33
509
2,998
191
1,324
29, 026
51
586
17, 378
20
382
13,291
143
38
10
1,017
214
94
21, 944
5,568
1,514
40
11
437
150
13, 759
3,619
16
2
2
307
26
49
10,646
1,363
1,283
136
2,062
20, 235
30
1,789
10, 043
12
21
8,708
124
8
1
1,975
30
23
18, 433
1,234
116
26
4
1,681
108
8,782
1,261
12
21
8,708
3
35
453
- - - ---|
204
1,383
29, 271
40
326
13, 061
11
121
8,021
176
SITATISTXC0 OF ES'COME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax
[For text defining certain iten-s and describing n-ethods of tabulating and estimating data, see pp. 2-6
and 12-131 :
Net income classes
Alabama
Alaska '
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax ^
Individual returns with net
income:
Under 1 (est.) "._.
1,936
172
8,651
9,330
2,925
2,356
6,789
1,187
3,424
4,076
149
3,351
4
1,363
827
546
369
246
207
150
120
108
94
248
108
73
76
26
17
12
5
4
5
2
$1,412,579
99,058
11,621,638
14,717,907
6, 659, 962
5, 197, 535
18,492,462
3, 269, 566
11,278,189
14,268,855
627, 808
14.894,426
21,061
7, 434, 006
5,334,451
4.059,912
3,129,643
2, 326, 498
2,167,682
1,721,299
1,494,924
1,455,336
1,364,387
4, 257, 369
2, 420, 470
2,000.031
2, 613, 037
1,149,514
910,595
786, 757
374, 462
336, 785
466, 826
218,097
300
11
1,043
1,965
363
88
792
990
471
299
5
221
1
151
75
46
34
25
17
22
5
8
8
23
3
2
3
3
1
2
$211,727
5,295
1,464,313
2,813,078
822,912
198, 073
2, 154, 577
2, 51 3, ,328
1, 589, 878
1,038.571
20. 000
988. 864
5.000
824, 965
481,875
341,403
288, 268
236, 302
175,681
255,211
62,215
107.097
115.644
390, 101
67, 137
51,408
101,508
138, 929
56,818
126, 155
Under 1 (est.)
$3, 496
'"158,' 541
$148
1 under 2 (est.) ".__
1 under 2 (est.)
22, 858
2 under 2.5 (est.) ■'
2 under 2.5 (est.)
2.5 under 3 (est.) ".
87,257
3,334
2.5 under 3 (est.)
Sunder 4 (est.) ".._
44,794
47, 143
3 under 4 (est.).
131,160
"179,' 169'
"i25,'625'
112,003
108,261
102,943
90, 496
95,100
81,697
79, 073
82, 296
82, 306
294, 591
215,145
217,877
348, 955
187, 522
16,5,915
173,100
91,995
93, 956
1.53,282
81,851
11,649
4 under 5 (est.) "
4 under 5 (est.)...
14, 794
5 under 6 "
5 under 6.
14, 836
6 under 7..
11,889
7 under 8... .
10.754
8 under 9... __
9,522
9 under 10.,. ..
10.151
10 under 11.. ...
7,732
11 under 12
13, 608
12under 13
3,038
5.866
13 under 14
14 under 15.. .
6,993
15 under 20
27,317
20 under 25
6,214
25 under 30
5,029
30 under 40
12,782
40 under 50
23, 589
50 under 60.
10,828
60prder70..
26, 824
70 order 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250 .
1
225, 214
112,066
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000 .
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income.
Individual returns with no net
income *
48, 957
587
148, 808, 341
'2 1,895,513
3, 700, 472
6,977
87
17, 646, 633
'2 289,040
306,898
Grand total
49, 544
"146,912,828
3, 700, 472
7,064
13 17,357,593
306, 898
Taxable fiduciary returns
with net income 3
286
1, 213, 088
88, 404
5
22, 532
891
Total, individual returns with
net income and ta.xable
fiduciary returns with net
income"
49, 243
150,021,429
3, 788, 876
6,982
17,669,165
307, 789
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
177
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Arizona
Arkansas
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax »
Individual returns with net
income:
Under 1 (est. ) "
1,305
26
4,256
6,391
2,123
1,232
3,003
871
1,481
2,244
80
1,221
2
619
402
182
106
69
63
62
33
27
10
73
19
26
27
15
4
1
1
1
$879, 238
16,983
6, 203, 638
9, 796, 658
4,824,818
960
71
3,823
3,243
2,045
559
3,401
851
1,637
2,409
87
1,244
3
796
480
299
205
173
155
102
85
51
48
154
83
44
30
23
13
8
1
$645, 564
34,413
5, 329, 869
4, 657, 152
4, 688, 946
1,233,235
9, 245, 277
2,408,163
5,378,911
8, 339, 987
367, 455
5, 535, 868
16,742
4, 335, 104
3, 097, 209
2, 228, 464
1,740,748
1,642,757
1,621,709
1,170,266
1,059,577
685, 527
696, 421
2, 627, 905
1,833,670
1,184,474
1,046,340
1,006,322
699, 255
533,615
76, 863
Under 1 (est.)
$529
$1,028
1 under 2 (est.) 'i
1 under 2 (est.)
92,484
38,317
2 under 2.5 (est.) n
2 under 2.5 (est.)_
2, 736, 750 40. 936
20, 461
2.5 under 3 (est.) n
8,109,301
2, 425, 320
4, 872, 002
7, 772, 527
341,576
5, 406, 309
10, 522
3, 370, 283
2, 587, 700
1,362,475
901,985
659, 428
662, 762
715,971
412,828
366, 023
146,409
1,237,086
417,028
713,889
949, 275
652, 905
207,241
61,648
75, ifZ
89, 527
25,105"
2.5 under 3 (est.)
17,115
3 under 4 (est.) "
3 under 4 (est.)
77, 231
86,153'
61,300
4 under 5 (est.) "
4 under 5 (est.)..
65, 049
5 under 6 "
5 under 6. .
68, 272
68,210
48, 001
38, 070
32, 036
33, 686
41,849
25, 393
23, 470
9, 946
94, 044
38, 122
83, 724
132, 527
106, 385
38,970
13,143
18, 650
-26,839
74, 357
6 under 7_ _
65, 146
7 under 8- _.
58, 567
Sunder 9.
58, 407
9under 10,.. ..
64, 266
10 under 11
70, 987
11 under 12
57,144
12 under 13
54, 438
13 under 14_
38, 449
14 under 15. ._
15 under 20
41,678
183,632
sounder 25. __
161,407
25 under 30
127,058
30 under 40
153,910
40 under 50. . .
161,730
sounder 60.
129, 578
60 under 70
121, 562
70 under 80...
19, 368
80 under SO
90 under 100
100 under ISO . .
1
118,005
39,072
ISO under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,S00
1,500 under 2,000
2,000 under 3,000
3,000 under 4,0(10
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income.
Individual returns with no
net income '
25, 975
495
68, 985, 568
12 1,496,574
1, 263, 775
23,084
408
75, 285, 813
'2 1,176,850
1, 884, 026
Grand total..
26, 470
"67,488,994
1, 263, 775
23, 492
"74,108,963
1,884,026
Taxable fiduciary returns
with net income 3
98
362, 246
25, 743
119
382, 877
18,333
Total, individual returns with
net income and taxable
fiduciary returns with net
income '^
26,073
69,347,814
1,289,518
23, 203
75, 668, 690
1,902,359
For footnotes, see pp. 240-241.
178
STATISTICS OF IXCOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Individual returns with net
income:
Under 1 (est.)"'
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 i'
5 under ''-■
6 under 7
7 under 8
8under9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
sounder 70
70 under 80 .
sounder 90
90 under 100
100 under 150
150 under 200 .
200 under 250
250 under 300 _- .
300 under 400 .
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,.500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net in-
come
Individual returns with no
net income <
Grand totaL
Taxable fiduciary returns
with net income '
Total, individual returns
with net income and tax-
able fiduciary returns
with net income «
California
Number
of returns
26, 437
625
103, 055
141,821
45, 239
29, 002
61, 360
26, 068
26, 306
62, 270
902
47, 098
24
19, 882
11, 579
6,043
3,774
2,603
2,074
1,690
1,255
970
833
2, 659
1,416
819
892
436
256
142
103
71
55
111
21
13
3
2
627, 909
9,782
637, 691
3,309
631,218
Net income
.$17, 860, 808
354,711
144, 680, 751
210, 844, 502
103, 126, 140
64, 440, 407
166, 453, 756
72, 654, 869
86,117,425
217, 564, 078
3, 870, 304
210, 675, 787
127, 039
108, 585, 383
74, 671, 064
45, 016, 398
31,964,022
24, 685, 996
21, 748, 547
19, 417, 005
15,641,998
13,078,163
12, 061, 393
45, 666, 544
31,601,362
22, 291, 870
30, 634, 835
19, 425, 387
13, 954, 446
9, 192, 240
7, 662, 221
6, 005, 490
5, 219, 698
13, 312, 363
3. 684, 676
2, 831, 886
844, 284
659. 304
1, 878, 627, 152
•2 33, 625, 183
13 1, 845, 001,
14, 257, 877
1, 892, 885, 029
Total tax '
.$10, 831
1, 855, 719
1, 070, 533
894, 513
2, 790, 685
3, 699, 195
2, 221, 865
1,941,353
1, 497, 455
1, 321, 377
1, 164, 746
1, 120, 316
1, 088, 742
928, 095
821, 287
809, 862
3, 495, 397
3, 002, 892
2, 548, 249
4, 235, 406
3, 242, 823
2, 762, 190
2, 047, 168
1,961,999
1, 712, 957
1, 663, 401
4, 962, 544
1, 597. 094
1, 322, 893
448, 441
257, 003
58, 497, 031
58, 497, 031
1, 816, 254
60, 313, 285
Colorado
Number
of returns
Net income
3,125
297
9,486
11, 607
4,528
1,929
5,920
2,255
2,576
4, 665
115
3,282
4
1,487
932
554
389
288
207
153
156
94
91
273
146
64
61
40
19
17
54, 796
778
55, 574
478
55, 274
$2,119,017
152, 319
13, 174, 597
16, 885, 992
10, 312, 092
4, 274, 413
16. 093, 920
6, 323, 227
8, 443, 278
16, 202, 875
480, 507
14, 660, 336
20, 743
8, 129, 606
6, 027, 464
4, 135, 765
3, 290, 229
2, 733, 518
2, 164, 902
1, 757, 507
1, 945, 933
1, 268, 773
1, 321, 768
4, 678, 056
3, 280, 736
1,741,241
2,091,533
1, 820, 026
1,034,192
1, 121, 165
660, 259
339, 891
187,419
1,101,779
1,000,516
652, 338
957, 733
503, 897
163, 089, 562
12 2, 176, 296
■3 160, 913, 266
1, 888, 210
164, 977, 772
$4, 249
138, 231
74, 362
64, 468
150, 950
198, 196
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
179
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Connecticut
Number
of returns
Net income
Total tax ■
Delaware
Number
of returns
Net income
Total tax 2
Individual returns with net
income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2unaer 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
Sunder 4 (est.)".. _.
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 "
5 under 6
6 under 7
7 under 8
8under9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
sounder 40
40 under 50
50 under 60
60 under 70
70 under 80
sounder 90
flounder 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1.500.
1,500 under 2,000.
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
re-
Total, individual
turns with net in-
come
Individual returns with no
net income *
Grand total.
Taxable fiduciary returns
with net income 3.
Total, individual returns
with net income and tax-
able fiduciary returns with
net income ^2
5,766
617
36, 805
39, 900
9,713
8.603
16, 363
5,951
7,588
10, 849
290
7,726
9
3,758
2,557
1,766
1,222
960
763
566
470
410
342
1,141
553
365
434
208
129
72
52
39
27
51
19
6
5
7
5
3
323,
48
470,
59
739,
22
051,
19
121,
44
282,
16
499,
24
923,
37
986,
1
228,
34
542,
47,
20
518,
16
530,
13
193,
10
353,
9
110,
7
999,
6
504,
5
875,
5
523,
4
964,
19
638,
12
386,
9
956,
14
980,
9
262,
7
000,
4
624,
3
858,
3
289,
2
556,
6
059,
3
334,
1
326,
1
385,
2
344,
2
253,
1
947,
$11, 207
'556,' 964"
332, 781
'24i,'83i'
440, 252
475, 390
378, 756
376, 661
374, 132
353, 505
366, 731
355, 364
318.662
317,336
313, 643
302, 115
1,402,113
1,121,245
1,104,957
2, 036, 760
1, 527, 737
1,391,512
1,013,254
989,911
935, 838
863, 765
2, 298, 783
1, 553, 150
614, 664
731, 765
1, 051, 660
1, 344, 016
1, 307, 834
843
208
2,980
4,701
1,321
781
1,704
1,007
873
1,848
31
1,034
1
572
379
250
158
150
125
109
78
74
66
169
115
74
83
55
31
23
13
9
10
39
19
17
95
4, 250,
6,848
2,994
1,737
4,633
2,800
2,867
6, 338
132
4, 592
5
3,112
2,447
1,869
1, 342;
1, 420
1, 307
1,250
975,
995
955
2,914
2,565
2, 020,
2,815
2,458
1,699
1,490
977
773
930
4,867
3, 345,
3,766
2,422
1,798
3,462
4, 325, 406
3, 182, 603
5, 928, 948
1, 686, 374
4,994,011
749
821
497
422
895
585
341
389
571
577
584
645
383
601
704
490
957
329
279
516
356
786
535
525
708
382
284
169
114
516
686
453
944
559
033
022
694
049
202
166,110
1,400
520, 037, 574
12 4, 602, 341
26, 804, 294
% 734
19, 991
161
111,981,694
12 3, 159, 438
167, 510
13 515, 435, 233
26, 808, 028
20, 152
13 108, 822, 256
1,759
7, 429, 735
879, 621
6, 704, 454
167, 869
527, 467, 309
27, 683, 915
20,658
118,686,148
$2, 987
'58,' 835
30, 553
'32,959
56,024
64, 093
55, 866
54, 591
54, 765
44, 505
54, 924
56, 963
60, 944
52, 183
56, 330
57, 197
210, 480
236, 502
220, 945
372, 673
410, 639
331,019
339, 113
242, 776
223, 158
293, 173
1,812,151
1, 507, 342
1, 850, 836
1, 288, 079
1, 025, 002
2, 038, 942
2, 752, 938
1, 974, 826
3, 942, 407
1, 086, 000
3, 030, 945
25, 983, 665
25, 983, 665
2, 079, 937
28, 063, 602
For footnotes, see pp. 240-241.
180
S)TATTSTICi& OF IIN'OOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
District of Columbia
Florida
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax '
Individual returns with net
income-
Under 1 (est.V
Under 1 (est.).
2,424
310
1.5, 190
31, 504
5, 619
8,891
9,697
5,312
5, 402
11,671
195
8,478
11
3,300
1, 848
1,085
696
481
382
280
221
186
143
475
232
147
154
75
41
18
23
9
4
17
5
2
1
1
$1, 744, 691
173,619
22, 029, 778
50, 797, 469
12,790,641
19,719,471
26, 294, 993
14, 517, 892
17,714,925
40, 796, 854
827, 942
37, 764, 268
58, 999
18, 031, 925
11,906,016
8, 097. 879
5,897,115
4, 559. 997
3, 998, 968
3,217,3.53
2. 754, 707
2, 512, 259
2, 072, 685
5, 232, 520
5, 170, .324
4,021,912
5, 305, 689
3, 309, 977
2, 256, 368
1, 156, 198
1, 689, 849
755, 938
381, 943
2,010,911
837, 042
414,619
261,317
360, 302
4,161
517
12, 446
11,274
4,948
1,978
8.025
2,589
4,258
6, 765
254
4.020
4
2,345
1,679
1.140
754
580
441
373
290
256
167
607
328
180
216
93
58
40
32
14
12
23
17
3
1
4
2
$2, 841, 933
284, 306
17,429,530
16,269,381
11,251,370
4, 408, 343
21,777,813
7, 288, 698
14, 027, 550
23, 555, 425
1,096,063
17, 921, 863
21,416
12, 797, 515
10, 842, 974
8, 501, 334
6, 387, 172
5, 498, 791
4, 623, 356
4,286,017
3, 614, 396
3, 460, 630
2.417,216
10, 459, 206
7, 332, 065
4, 882, 838
7, 419, 690
4,121,093
3, 159, 292
2,621,167
2, .331, 586
1. 193, 537
1, 142,141
2. 769, 457
2, 859, 228
1, 518, 224
818, 976
315, 735
1, 845, 140
1, 074, 335
.$5, 579
"'^"57i,'224'
$8,525
1 under 2 (est.^"
1 under 2 (est.1
138," 549
2 under 2 5 (est )"
2 under 2.5 (est.)
340, 647
""256," 469"
""467,"46i'
"'"500,'2i6'
' "323, 761"
260, 335
225, 868
199, 466
178,618
175, 438
158, 826
142, 191
142, 977
125,010
587, 913
462, 207
438, 376
716, 113
537, 865
432, 267
253, 564
428, 084
212, 599
112,355
738, 932
374, 496
202, 848
119,908
203, 833
73, 640
2.Sunder3 (est.)"
2.5 under 3 (est.) .-
68,' 330
3 under 4 (est.)"
3 under 4 (est.)
207,144
4 under 5 (est.)"
4 under 5 (est.) --. .
245,'989
5under 6"
5 under 6 - .
229,"660
6 under 7 - - . -
240, 594
228, 085
8 under 9
Ounder 10
10 under 11
11 under 12
212, 847
216, 995
205, 364
209, 042
12 under 13 -.-
190, 124
13 under 14
200, 217
14 under 15 ...
144, 959
15 under 20 .
742, 229
20 under 25 ...
656, 207
25 under 30
30 under 40
544, 487
999, 421
40 under 50 ......
682, 170
50 under 60
623, 107
60 under 70
70 under 80
605, 898
.582, 395
80 under 90 ...
310, 763
90 under 100
389, 292
100 under 150 _
1,017,784
1.50 under 200 .
1, 317, 420
200 under 250
250 un'er 300 - .. .
726, 036
434, 239
300 undiT 400
172,028
400 imder 500
1, 105, 777
500 under 750
666, 321
750 under 1,000
1
983, 916
669, 021
1,000 under 1,500
1
1, 466, 434
436, 880
1,500 under 2,000
2,000 under 3,000
1
2, 096, 914
1, 531, 193
3,000 under 4 000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income.
Individual returns with no
114, 531
455
345, 429, 271
'2 1.473 392
10, 558, 287
70, 903
1,638
260, 030, 150
12 6, 091, 360
16,39.3,311
Grand total
114,986
13 343. 955, 879
10, 558, 287
72, 541
13 253, 938, 790
16,393,311
Taxable fiduciary returns
with net income ^
550
1, 475, 323
97, 014
611
4, 864, 621
1, 127, 708
Total, individual returns with
net income and taxable fidu-
ciary returns with net in-
come "
115,081
346, 904, 594
10, 655, 301
71,514
264, 894, 771
17,521,019
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
181
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Georgia
Hawaii
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of reltu-ns
Net income
Total tax »
Individual returns with net
income:
Under 1 (est.Vi ...
2,490
242
11,542
9,449
5,194
3,414
9,773
2,074
5,038
6,907
203
5,613
2
2,006
1,270
820
660
488
334
280
219
193
155
473
240
113
134
52
34
15
12
10
2
24
6
3
1
1
$1, 765, 573
132, 566
16,161,252
15, 188, 976
11,818,121
7, 557, 984
26, 594, 212
5, 734, 544
16, 575, 896
24,419,991
857, 683
25, 034, 327
11,426
10, 967, 274
8, 234, 451
6, 120, 173
5,594,179
4,611,413
3, 494, 634
3, 222, 962
2, 735, 733
2, 606, 758
2, 242, 743
8, 125, 199
5, 371, 789
3,116,521
4, 586, 333
2, 318, 398
1, 873, 756
961, 336
898, 531
846, 383
196, 101
2, 934, 873
1,002,960
691, 702
290,243
369, 609
$4,'62i"
974
118
4,163
4,516
1,405
948
2,193
781
1,324
2,004
159
1,665
10
783
447
262
186
125
91
67
60
53
34
116
78
39
28
27
12
9
6
6
5
4
$622, 092
66, 553
5, 823, 970
6, 775. 143
3, 191, 686
2,114,054
5, 968, 186
2, 173, 290
4. 442, 971
7, 004, 236
687, 250
7, 455, 391
53,284
4, 278, 390
2, 873, 986
1, 953, 219
1, 575, 759
1,181,405
956, 987
770, 278
748, 447
717, 170
494, 278
2, 000, 745
1, 729, 964
1, 059, 664
953, 125
1, 198, 659
674, 525
594, 789
442. 239
503,317
471,419
499, 387
Under 1 (est.)
1 under 2 (e.st.)"
$2, 396
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
170, 044
"'"'129,792'
91,642'
62, 785
34," 729
2.5 under 3 (est.l" .-..
2.5 under 3 (est.)
26,629
Sunder 4 (est.)"
3 under 4 (est.)
246, 676
62, 285
4 under 5 (est.)
310, 684
"186,' 498'
179, 347
162, 558
182, 421
179, 506
151,048
153. 433
142, 902
148, 680
1.36, 140
566, 004
489, 645
347, 407
614, 080
379, 381
359, 364
209, 570
226, 084
240, 976
65, 085
1, 067, 802
450, 991
347, 926
155, 338
243. 125
87,230
Sunder 6"
5 under fi
' 68,' 909
6 under 7
7 under 8
8under9
58,529
50, 728
50, 351
9 under 10
46, 796
10 under 11
43, 324
11 under 12
12underl3
37, 446
38, 770
13 under 14
39, 550
14 under 15 _
29, 757
15 under 20,.
142, 452
20 under 25 '.
25 under 30. . ..
152, 260
115,801
sounder 40.
125, 995
40under 50--
196, 727
50under60.. -
133, 875
60 under 70
70 under 80.-.
136, 005
109,117
80 under 90
138, 444
90 under 100 .
142, 026
100 under 150..
193, 437
150 under 200
200 under 250
250 under 300 . _
300 under 400
i
261, 590
130, 998
400 under 500
500 under 750
750 under 1,000
1,000 under l,.50O
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income.
Individual returns with no
69, 486
840
235, 266, 605
'2 2, 385, 928
8, 338, 170
22, 699
229
72,317,448
12 340, 297
2, 457, 351
Grand total
70, 326
428
69, 914
13 232, 880, 677
8, 338, 170 22, 928
13 71, 977, 151
2, 457. 351
Taxable fiduciary returns
with net income '.
1, 840, 087
242, 624
174
872, 892
133.911
Total, individual returns with
net income and taxable fidu-
ciary returns with net in-
come "
237, 106, 692
8, 580, 794
22, 873
73, 190, 340
2,591,262
For footnotes, see pp. 240-241.
182
STATISTICS OF IXCOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Undividual returns with net
income:
Under 1 (est.) n
Under 1 (est.)
1 under 2 (est.) >'
1 under 2 (est.)
2 under 2.5 (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.) n
2.5 under 3 (est.)
3 under 4 (est.) "
3 under 4 (est.). .-.
4 under 5 (est.) "
4 under 5 (est.)
5 under 6 "
5 under 6
6 under 7
7under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 undergo
60 under 70
70 under 80
sounder 90
90u'v'or 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,.500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over --.
Total, individual re-
turns with net in-
come
Individual returns with no
net income *
Grand total-
Taxable fiduciary returns
with net income ^
Total, indi-ridunl returns
with net income and tax-
able fiduciary returns
with net income ''
Idaho
Number
of
returns
442
4
3,367
5,008
706
634
1,774
650
693
1,487
45
255
82
59
37
36
21
18
16
18
15
7
5
4
9
2
16, 870
241
17, 111
16, 917
Net income
$264, 092
1,681
4, 457, 254
7, 141, 032
1, 587, 225
1, 402, 624
4, 801, 916
1, 812, 950
2, 279, 301
5, 167, 123
193, 420
4, 380, 225
15, 951
2, 665, 534
1, 636, 857
612, 452
504, 513
348, 280
378, 214
243, 797
225, 940
216,449
259, 055
255, 905
158, 217
131, 7.35
144, 926
387, 013
119,042
41,792,723
" 671, 116
13 41,121.607
189, 946
41, 982, 669
Total tax 2
53,411
20,582
18, 608
52, 943
71, 932
50, 778
42, 153
22, 238
21, 186
17, 320
20, 135
14. 194
14, 325
14, 400
17,888
20, 104
15, 800
15, 056
21, 364
64,114
24, 792
613, 383
613, 383
9,866
Illinois
Number
of
returns
17, 072
2,070
98. 617
125, 425
45, 192
35, 587
72, 550
23, 734
36, 528
54, 843
1,503
34, 050
44
16, 183
10, 218
6,917
4,932
3,632
2,783
2,249
1,742
1,504
1,263
3,880
2,058
1, 139
1,209
633
386
213
126
80
67
137
46
24
17
5
5
8
2
1
08, 674
4,982
613, 656
5,925
623, 249
614, 599
Net income
$12, 066,
1, 033
136, 236
189. 806
101,977
78, 471
196, 812,
65, 964
119,890
190, 632,
6, 375,
151, 576,
234
88, 339,
66, 102,
51,616,
41, 804
34,411
29, 172,
25, 849,
21, 7.50,
20. 283,
18, 296,
66, 757
45, 854
31.111
41, 662
28. 121
21. 051
13,831
9,424
6, 794,
6, 352,
16. 399,
7. 745
5,351
4, 677
1,707
2, 170,
5,050
1, 635
1, 406,
1,965,810.347
"17,661,627
•3 1, 948, 148, 720
22, 485, 974
1, 988, 296, 321
$33, 623
1, 831, 086
1, 349, 160
834, 488
1, 945, 780
2, 078, 153
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
183
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary relur7is, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Indiana
Iowa
Number
of
returns
Net income
Total tax 2
Number
of
returns
Net income
Total tax 2
Individual returns with net
income;
Under 1 (est.) "
5,719
438
30, 245
36, 619
10, 291
5,672
21, 554
5,604
8,414
11,466
482
7,420
15
3,216
2,090
1, 365
898
750
551
423
365
259
237
736
354
209
209
107
53
50
22
12
10
22
6
2
3
$4, 056, 157
245, 474
41, 664, 942
53, 277, 790
23, 467, 831
12, 506, 721
58, 261, 999
15, 738, 680
27, 585, 320
39, 670, 017
2, 077, 523
33, 080, 906
78, 990
17,571,897
13, 520, 895
10, 191, 440
7, 614, 281
7, 12.3, 135
5. 779, 326
4, 853, 337
4, 556, 565
3, 498, 579
3, 433. 169
12, 634, 225
7, 865, 136
5,740,711
7, 204, 963
4, 800, 825
2, 881, 670
3, 220, 068
1, 643, 186
1,008,527
943, 541
2, 522. 000
1, 040, 473
472. 924
851, 665
7,522
429
22, 512
20, 247
7,787
2,717
10, 284
2,849
4,128
6,038
162
4,072
7
1,963
1.142
767
537
345
254
191
163
126
112
338
175
72
75
19
19
11
2
6
4
4
1
$5, 193, 618
219, 065
31, 009, 797
29, 292. 070
17,678,452
5, 984, 166
27, 767, 394
7, 966, 350
13, 607, 401
20, 918, 676
686, 735
18,217,112
36, 336
10, 705, 896
7, 388, 371
5, 720, 731
4, 548. 717
3, 266, 810
2, 663, 481
2, 193, 721
2, 033, 002
1, 700, 685
1,625,512
5, 839. 080
3, 856, 705
1, 951, 567
2, 573, 121
848, 752
1, 028, 543
715,771
146.463
507, 545
375. 524
503, 107
ISO, 463
Under 1 (est.) --
$7, 846
$7,602
1 under 2 (est.) "
451,877
242, 542
2 under 2.5 (est.) "
2 under 2.5 (est.)
206, 190
101, 287
2.5 under 3 (est.) "
2.5 under 3 (est.) _
151, 352
'""'334,' 578'
80, 522
3 imder 4 (est.) 11-
3 under 4 (est.) . -
174, 817
4 under 5 (est.) n
4 under 5 (est.)
415, 869
239, 538
298, 748
286. 500
271, 762
247, 872
268, 538
247. 421
230, 047
236, 425
193, 978
204, 064
877. 090
689, 816
632, 922
962, 537
780, 863
554, 463
708. 375
444, 459
278, 929
299, 863
905, 698
473, 054
239, 460
454, 407
183, 859
154, 094
7 under 8
152, 180
8 under 9
152, 943
9 under 10 .
125, 456
10 under 11
117, 374
11 under 12
106, 095
12 under 13 - .-
105,407
13 under 14
94,411
96, 297
15 under 20
409, 093
20 under 25
341,880
25 under 30
210, 762
30 under 40
344, 473
40 under 50
139, 272
50 Tinder 60
194 341
60 under 70
162 567
70 under 80
35, 566
80 under 90
162, 323
90 under 100
103, 951
100 under 1.50
195 026
150 under 200
89, 054
200 under 2.50
250 under 300
300 under 400
400 under 500
1
468, 704
281,611
500 under 750
750 under 1,000
2
1
1, 786. 680
1, 025, 276
1, 173, 946
697, 566
1,000 under 1,500
1,500 under 2,000- __
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income-
Individual returns with no
net income <
155, 792
1,320
445, 965, 548
2, 904, 181
14,508,126
95, 080
1,457
238, 960, 739
!■' 2, 598, 929
4, 522. 732
Grand total .--
157, 112
'3 443, 061, 367
14, 508, 126
96, 537
13 236, 361, 810
4, 522, 732
Taxable fiduciary returns
with net income 3
612
2, 858, 808
273. 536
750
2 326 68.5
172, 692
Total, individual returns with
net income and taxable fidu-
ciary returns with net in-
come 52
156, 404
448, 824, 356
14, 781, 662
95, 830
241, 287, 424
4, 695, 424
For footnotes, see pp. 240-241.
184
snnATTSTice of inoome, part i
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax- — Continued
Net income classes
(Thousands of dollars)
Kansas
Kentucky
Number
of
returns
Net income Total tax *
Number
of
returns
Net income
Total tax -'
Individual returns with net
income:
Under 1 (est.)"
6,088
216
14,317
9, 165
6, 073
2,218
5, 655
1,637
2,357
4,822
110
3,471
9
1,205
758
491
349
217
207
117
109
93
64
210
84
36
47
20
10
6
4
3
$4, 149, 289
1 13, 627
20, 385, 797
14, 413, 290
13, 772, 046
4, 900, 635
15,291,808
4,531,1.53
7, 788, 910
16, 960, 589
478, 984
15,440,435
47, 994
6, 587, 372
4, 890, 665
3, 664, 569
2. 9.52, 372
2, 0.57, 401
2, 167, 243
1,347,430
1,3.59,166
1,258,857
929, 436
3, 640, 714
1,877,7.59
973, 922
1.590,568
875, 144
547, 547
378, 528
288, 339
257, 971
$3,"847'
3,119
278
14, 127
11,922
4,977
2, 173
8,451
2,408
3,655
4,688
222
2,818
13
1,616
956
632
454
347
237
190
139
112
105
329
161
79
92
49
21
9
9
4
1
13
1
$2,131,470
138, 427
19, 432, 248
17, 464, 623
11,317,316
4, 822, 531
22, 898, 471
6, 779, 19!
11,997,775
16, 253, 354
963, 625
12, 596, 312
70, 294
8, 824, 292
6, 176, 425
4, 728, 016
3, 852, 077
3. 292, 000
2, 480, 363
2, 180, 658
1,739,583
1, .509, 360
1,. 522, 144
5, 624, 103
3, 578, 259
2,167,9.56
.3,144,938
2, 193, 612
1,164,393
592, 122
674, 97]
3.33, 919
98, 169
1,517,067
160, 935
Under 1 (est )
$4,603
1 under 2 (est.)"
154,879
150 504
2 under 2.5 (est.)"
84, 398
81 716
2 5 under 3 (est.)"
66, 208
60,859
150, 679
152, 941
4 under 5 (est.)"
195, 059
166 802
5 under 6 "
116,724
108, 036
102, 445
100, 532
79, 751
94, 993
67,048
71,325
72, 949
55, 831
256, 461
167, 008
104, 804
205, .525
138, 770
102, 420
82, 553
68, 144
74. 233
157,641
134, 374
127, 442
8 under 9
128, 178
127 748
105 960
11 under 12 -
105, 3,56
91,172
85, 710
91 024
15 under 20
398, 678
20 under 25
318, 321
25 under 30 --- -
238, 387
417 090
355, 569
50 under 60
224, 427
130,215
70 under 80 - --
170,124
80 under 90 -
92, 088
90 under 100 -
30, 893
559, 247
100 under 150 - ..-
2
1
288, 620
175, 460
111,616
79, 638
150 under 200- - -
71 , 302
200 under 2.50
250 under 300
300 under 400 .
400 under 500
7,50 under 1,000 --
1 000 under 1,. 500
1 500 under 2,000
2 000 under 3,000 _ . ..
3 000 under 4,000
4,000 under 5,000 ^.-
5 000 and over
Total, individual re-
turns with net in-
60, 171
1,546
1.56. .383, 640
12 4, 139, 701
2, 915, 876
64, 407
715
184, 420, 999
'2 2, 401, 952
4, 778, 371
Individual returns with no
61,717
356
13 152,243,9.39
2,915,876
65, 122
13 182,019,047
4, 778, 371
Taxable fiduciary returns with
982, 843
46, 246
341
1, 179, 616
126,171
Total, individual returns with
net income and taxable
fiduciary returns with net
income "
60, 527
1.57. 366, 483
2,962.121
64. 748
18.5, 600, 615
4, 904, 542
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
185
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Individual returns with net
income:
Under 1 (est.)"
Under 1 (est.)
] under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6" — :
5 under 6-.
6 under 7
7 under 8
8 under 9
9under 10 .
U) under 11
11 under 12
12 under 13
Louisiana
Number
of
returns
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under l.'iO
150 under 200
200 under 250
2.50 under 300
300 under 400
400 under 500
500 under 750
7.50 under 1,000-.-
1,000 under 1,.500.
I,.^u0 under 2,000.
2,000 under 3,000.
3,000 under 4.000.
4,000 under 5,000.
5,000 and over...
Total, individual re-
turns with net income.
Individual returns with no
net income *
Grand total.
Taxable fiduciary
with net income '.
Total, individual returns with
net income and taxable
fiduciary returns with net
income '-
2,769
39
12, 377
12, 244
4,533
2,155
8,048
2,443
4.453
7,726
255
5,329
11
2,917
1,611
881
535
434
290
218
157
126
111
389
207
118
126
54
36
3
14
3
6
3
1
1
1
Net income
.$2,061,858
17,331
16, 662, 414
17,441,425
10, 344, 054
4, 799, 350
21.895,914
6, 851,. 599
14, 723, 499
■27, 073, 078
1,100,065
23, 752, 768
60, 387
15, 917, 239
10, 404, 733
6, 555, 800
4, 532, 967
4,115,421
3, 034, 767
2,501,414
1,966,010
1,700,370
1,607,771
6, 740, 184
4, 600, 799
3, 235, 533
4,322,112
2, 384, 232
1,941,801
197, 832
1,0.54,909
577, 234
286, 466
695, 955
502, 239
221,279
262, 815
374, 873
Total tax 2
$404
"i28,"569
74, 102
63, 321
295, 192
381,077
1,082,858
70, 633
227,601,355
12 3, 222, 241
318,147
276, 901
225,313
193, 588
199, 102
159,827
142, 906
119,809
109, 663
109,062
531,502
445, 280
381,694
607, 222
403, 485
379, 137
46, 186
273, 096
155, 167
77, 728
260, 775
219,790
59, 920
136,843
106, 079
368,568
71,480 ji3 224, 379, 114
119 ! 644,336
7, 250, 055
, 250, 055
54, 167
0, 752 228, 245, 691
Maine
Number
of
returns
1,745
149
6,729
6.985
1,896
905
3,407
1,079
1,711
2,590
77
1,358
13
886
,546
378
261
219
140
125
86
68
.54
192
101
52
72
26
9
12
7
2
2
6
2
Net income
Total tax '
$1,244,687
69, 184
9, 072, 090
9,822,314
4, 303, 956
2,017,646
9, 263, 620
3,021,887
5,618,519
8, 9.59, 216
335, 191
6, 089, 652
69, 282
4,861,735
3, 530, 367
2, 825, 936
2,213,290
2, 070, 949
1 , 463, 993
1,435,855
1,073,488
918, 434
785, 349
3, 293, 665
2, 270, 414
1,420,786
2,460,416
1,161,642
493, 346
786, 879
502, 449
168, 993
182,715
654, 539
319, 483
$2, 228
74,025
32,'38i
29,718
80, 030
89, 305
441,046
530, 144
31, 892
416
95, 753, 157
"1,113,247
32, 308
7,304,222 32,296
94, 639, 910
951, 338
82, 008
82, 909
77, 245
83, 681
66, 2^1
71,587
58, 281
.52, 423
47, 8.56
235, 068
205, 884
1.57,500
3.53, 853
189, 152
97, 884
175,251
118,179
45, 875
54, 532
229, 368
121,382
261,720
34.5,111
3, 609, 443
5,704,495 3,669,831
For footnotes, see pp, 240-241.
186
STATISTICS O'F INCOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, tvith net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Individual returns with net
income:
Under 1 (est.)" ----
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (e.st.)
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 "
5 under 6
6under 7
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
sounder 40_
40 under 50 .
50 under 60
60 under 70
70 under 80
80 under 90
sounder 100
100 under 150
150 under 200
200 under 250
2.50 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,. 500
1,.500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net in-
come
Individual returns with no
net income *
Grand totaL
Taxable fiduciary returns
with net income ^
Total, individual returns
with net income and tax-
able fiduciary returns with
net income "
Maryland
Number
of
returns
5,500
621
28, 3.58
28, 399
11,343
8.300
18,208
5,223
9,387
14,714
555
13, 288
20
5,164
2.926
1,693
1, 131
841
599
467
381
320
262
873
456
234
280
131
75
71
28
17
16
25
7
5
2
1
2
3
1
159, 927
1,134
1,440
161,367
Net income
$4, 103, 424
317,758
38, 858, 894
44, 590, 742
25,821,723
18, 262, 171
49, 330, 558
14,427,648
30,931.492
52. 107, 618
2, 353, 368
59,392,818
106, 442
28, 255, 779
18,904,933
12, 6.52, 578
9, 594, 959
7, 970, 849
6, 265, 300
5, 358, 445
4,743,119
4, 307, 244
3,799,218
14, 934, 129
10, 178, 299
6, 395, 127
9, 520, 764
5, 796, 743
4,133,683
4. 620, 651
2, 068, 807
1.439,082
1,510,897
3, 097, 867
1,218,022
1,035,963
515,646
306, 768
975, 448
1,749,598
928, 127
512,882,701
12 4,616,907
13 .508, 265, 794
3,761,382
516, 644, 083
Total tax 2
.$10, .509
479, 168
"31 6,' 577
235, 037
523, 054
755, 779
479, 904
407, 357
339, 024
326, 448
317,527
278, 402
262,017
2.50, 897
244, 832
226, 906
1,041,540
905, 899
700, 173
1,269,309
951,378
800, 450
1,020,135
531.425
421, 103
452, 855
1,169,901
521,860
456,715
267, 675
162, 733
,591,814
8.59, 175
626,315
18, 203, 893
18,203,893
360, 973
18,564,866
Massachusetts
Number
of
returns
19,119
1,907
72, 706
70, 691
31 , 406
26, 184
41 , 338
13,460
16, 862
26, 973
822
18, 726
19
8,079
5, 324
.3,590
2.481
1,989
1,555
1,242
984
873
773
2,157
1,151
664
724
383
196
129
74
38
33
60
23
10
6
3
372, 755
3,530
376, 285
6,036
378, 791
Net income
$13, .538, 421
987, 210
100, 265, 189
111,156,886
70, 896, 874
57,861,916
111,443,013
37,042,318
55, 436, 383
94, 173, 139
3,515.271
83, 589, 534
101,396
44,144,638
34, 399, 529
26, 810, 840
21.023,191
18,852,169
16,291,257
14,261,469
12,272,367
11,78.5,756
11,202,763
37, 100, 793
25, 723, 368
18,112,472
24,839,614
17, 074, 369
10, 664, 790
8, 304, 020
5, 534, 608
3, 196, 900
3, 092, 586
7, 244, 364
3, 863, 731
2,167,411
1,671.695
964, 977
514, 970
1,121,122, 197
12 10,378.671
13 1,110,743,526
20, 703, 039
1,141,825,236
Total tax 2
.$31,048
1, 200, 542
1,010,283
616,538
1,200,582
1,23.5,891
For footnotes, see pp. 24C-241.
STATISTICS OF INCOME, PART 1
187
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by Stales
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Michigan
Minnesota
Number
of
returns
Net income
Total tax '
Number
of
returns
Net income
Total tax »
Individual returns with net
income:
Under 1 (est.)"...
12,878
965
76, 624
99, 508
23, 859
9,974
44, 242
13, 031
21,399
27, 245
1,145
1 4, 106
26
7,464
4,642
3,062
2,087
1,620
1,180
933
748
628
424
1, 610
805
507
.531
246
155
94
76
38
47
84
19
17
10
8
4
$9, 636, 649
468, 705
102, 709, 093
139,023,013
54,398,511
22, 175, 545
119,976,247
36, 712, 644
70,711,409
94, 278, 123
4, 849, 568
62, 799, 272
139, 474
40, 734, 269
29, 989, 610
22. 840, 430
17,685,161
1.5, 356, 244
12. 356, 212
10, 709, 647
9, 342, 503
8, 459, 475
6, 146,010
27. 620, 040
17, 897, 808
13, 807, 479
18,211,882
11,013,682
8, .504, 240
6, 104, 982
5, 666, 838
3, 234, 825
4, 457, 100
9, 970, 663
3, 305, 806
3, 763, 103
2. 670, 424
2,694,213
1, 754, 634
5,444
535
25, 383
33, 659
11,658
4,700
15, 309
4,341
5,904
7, 952
367
4,9)7
2,833
1,814
1, 129
806
633
440
361
293
245
169
567
326
149
172
86
47
23
15
11
16
15
5
3
1
3
$3, 723, 837
268, 090
35, 795, 255
48, 394, 254
26, 409, 495
10,381,719
41,357,239
12, 204, 048
19, 381, 074
27, 527, 407
1,565,456
21,910,758
37, 638
15, 480, 146
11,741,704
8, 410, 0.56
6, 824, 510
5, 999, 810
4,614,384
4, 143, 587
3, 655, 599
3,301,339
2, 449, 0.58
9, 735, 733
7, 245, 983
4, 027, 201
5,893,212
3, 827, 159
2, 565, 262
1,496,784
1,129,354
917, 597
1,501,504
1, 693, 769
842, 724
650, 403
280, 595
1,010,339
Under 1 (est.)
$14, 838
$8, 769
1 under 2 (est.)"
1 under 2 (est.).-.
982, 304
396, 672
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
354, 339
176, 563
2.5 under 3 (est.)
Sunder 4 (est.)"
3 under 4 (est.) .
255, 790
(563,329
""744,019'
"'"676,898"
617, 740
585, 300
569, 237
579, 172
523, 932
503, 304
480, 987
465, 282
363, 675
1,913,129
1, 566, 269
1,496,106
2, 436. 973
1, 824, 584
1,621,565
1,349,1.50
1, 426, 690
908, 546
1,390,750
3, 655, 178
1, 486. 574
1, 822, 235
1,411,487
1,470,922
1,039,315
108, 193
216,239
4 under 5 (est.)"
4 under 5 (est.)
282, 695
5 under 6 ". ..
5 under 6-. ... .
257, 647
fi iinfifir 7
245, 281
7 under 8 -
216, 847
8under9- .
220,801
9 under 10-.
226, 784
10 under 11 .
197, 810
11 under 12.
191,319
12 under 13__.
190, 798
13 under 14 . .
182, 159
14 under 15-
147,089
15 under 20
675, 833
20 under 25. _
639, 563
25 under 30-.
432, 924
30 under 40...
783, 573
40 under 50 ...
625, 322
50 under 60
489, 834
60 under 70.
333, 792
70 under 80..
280, 327
80 under 90
90 under 100. _
248, 606
455, 056
100 under 150
150 under 200.
584, 372
360, 366
200 under 2.50
314,857
250 under .300.
151,202
300 under 400
400 under 500
398, 451
500 under 750
1
529,065
169, 843
750 under 1,000
2
1
1
1,738,018
1, 428, 178
1, 677, 187
1, 179, 204
1, 072, 527
1, 276, 414
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
Total, individual re-
turns with net in-
come
Individual returns with no
372, 045
2,891
1, 037, 018, 916
12 10, 534, 548
38, 727, 764
8 19, 394
130, 339
1,102
358,923,147
12 3, 397, 668
10, 209, 587
Grand total .i
374, 936
13 1,026,484,368
38, 747, 158
131, 441
13 355,525,479
10, 209, 687
Taxable fiduciary returns
with net income ^
1,968
9, 889, 698
1, 414, 623
1,459
5, 464, 536
911,906
Total, individual returns
with net income and tax-
able fiduciary returns
with net income '2
374, 013
1,046,908,614
40, 142, 387
131,798
364, 387, 683
11,121,493
For footnotes, see pp. 240-241.
437826—42-
188
SfrATrsmos of rNTCOME, part i
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Mississippi
Number
of returns
Net income
Total tax 2
Missouri
o^^eT^sU^et income
Individual returns with net
income:
Under 1 (est.) »
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.)
2 under 2.5 (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
3 under 4 (est.)
4 under 5 (est.) "
4 under 5 (est.)
5 under 6 "
5 under 6
6 under 7
7 under 8
8 under 9
9 under 10
lOunder 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25xmder30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
sounder 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400 __
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,.W0 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
1,575
97
4,262
3,587
2,315
758
3,337
697
1,710
2,044
81
1,303
4
675
408
350
202
156
119
77
53
50
42
151
67
23
37
11
9
2
1
1
$1, 076, 866
51,094
5, 953, 568
5, 320, 043
5, 268, 981
1, 667, 782
9, 091, 167
1, 964, 181
5, 603, 693
7,111,462
343, 467
5, 839, 320
20, 827
3, 670, 540
2, 636, 656
2, 625, 496
1,715,674
1, 482, 899
1, 246, 668
881, 721
662, 643
675, 562
608, 930
2,593,811
1, 489, 427
635, 309
1, 285, 108
475, 021
487, 322
129, 510
72, 667
82, 890
Total, individual re-
turns with net income.
Individual returns with no
income * -
24, 204
530
72, 770, 305
12 1, 344, 815
Grand total.
24, 734
13 71, 425, 490
Taxable fiduciary
with net income '_
returns
65
325, 355
Total, individual returns
with net income and tax-
able fiduciary returns with
net income '-
24, 269
73, 095, 660
$1, 691
"48,'6i6'
26, 850
18, 899
'66,"946
72,' 332"
61, 598
54, 803
71, 725
55, 541
55, 717
53, 458
41, 680
33, 421
37, 181
36, 478
180, 058
133, 378
70, 246
175,711
73, 198
93, 707
28, 374
17, 494
22, 580
6,961
606
34, 902
33, 554
13, 945
5,520
20, 338
5,777
6,886
13, 189
298
8,077
21
4,534
2,834
1,874
1,345
1,016
810
646
515
427
343
1,145
581
324
327
159
97
54
49
25
13
41
12
2
3
3
1, 525, 081
167, 254
1,634
1, 525, 081
$5, 209, 659
315,341
47, 483, 645
48, 430, 462
31, 760, 957
12, 238, 024
54, 864, 806
16, 224, 350
22, 623, 437
45, 822, 636
1, 267, 082
36, 072, 577
109, 862
24, 776, 233
18, 350, 047
14, 018, 400
11,400,285
9, 620, 877
8, 496, 753
7, 419, 767
6, 431, 965
5, 746, 952
4, 958, 455
19, 714, 654
12,932,817
8, 828, 181
11,385,026
7, 109, 204
5, 264, 100
3, 452, 544
3, 611, 216
2,116,065
1,210,997
4,897,111
2, 002, 758
472, 193
838, 832
1, 038, 416
757, 573
519, 274, 259
12 6, 099, 445
168,888 13 513,174,814
22, 419
1,539
168, 793
6, 414, 743
525, 689, 002
For footnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
189
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Montana
Nebraska
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax '
Individual returns with net
income:
Under 1 (est.) »
455
56
7,472
8,646
1,491
2,234
5,697
1,215
2,385
2,704
64
1,728
2
637
428
253
173
109
85
71
48
38
38
76
40
13
12
9
1
2
1
2
$282, 999
25, 282
10, 047, 624
13, 367, 477
3, 323, 797
4, 965, 710
1.5, 368, 167
3, 364, 164
.7,826,919
9, 386, 132
276, 098
7,721,651
10, 973
3, 492, 332
2, 764, 683
1, 890, 499
1,461,202
1, 030, 854
894, 898
813, 739
595, 619
511, 626
550, 071
1, 303, 980
881, 149
352, 253
419,490
399, 036
56, 845
134, 855
74, 074
166, 549
1,486
129
10, 533
9,083
3,777
1,440
6,533
1,483
2,622
3,744
145
2,484
11
1,165
695
462
$1, 050, 236
80, 276
14, 355, 595
13, 301, 676
8, 604, 919
3, 207, 432
17, 668, 365
4, 149, 599
8, 631, 566
13, 031, 652
613, 240
11,111,114
58, 179
6, 359, 387
4, 494, 459
.•? 444 fifiO
Under 1 (est.)
$852
$2, 383
1 under 2 (est.) "
1 under 2 (est.) -
135, 340
115, 438
2 under 2.5 (est.)"
2 under 2.5 (est.)
86, 153
54, 030
2.5 under 3 (est.) "
2.5 under 3 (est.)
3 under 4 (est.) "
41, 206
42, 752
3 under 4 (est.)
82, 195
110,873
4 under 5 (est.) n
4 under 5 (est.)
100, 291
137, 380
60, 845
56, 409
48,239
47, 279
39, 560
38, 067
38, 748
30, 355
27, 816
32, 805
89, 938
77, 669
38, 823
57, 050
64, 508
11, 165
31, 160
17, 891
45, 120
106, 782
94, 084
6 under 7 .--
7 under 8
90 790
8 under 9 . .
303 2. .564'. 7.56
84,827
86, 653
74, 809
9 under 10
242
165
132
104
89
82
194
125
36
52
20
6
10
2
1
2
1
2, 290, 204
1, 729, 520
1, 519, 737
1, 296, 680
1, 195, 638
1, 190, 957
3, 329, 709
2, 770, Oil
1, 000, 023
1, 786, 994
885, 206
321,901
652, 557
149, 641
89, 009
191, 075
119, 298
10 under 11
11 under 12,
72, 074
66, 754
67,282
12 under 13..
13 under 14
H under 15 ^-
71, 384
15 under 20
230 028
20 under 25, ..
243, 837
25 under 30 .
109, 984
238, 947
30 under 40, .
40under50
142, 129
50 under 60
60 under 70
70 under 80 .
59, 870
145, 206
37, 631
80 under 90- .
25,253
90 under 100
59, 690
100 under 150
3
366, 821
139, 323
48,157
150 under 200
200 under 250-.
250 under 300- . ._
300 under 400
-
400 under 500
500 under 750- -
750 under 1,000 ..
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4 000 under 5 000
5 000 and over
Total, individual re-
turns with net income-
Individual returns with no net
36, 188
265
94, 127, 568
12 757, 671
1, 438, 807
47, 358
720
133, 245, 301
12 1, 388, 644
2, 619, 027
Grand total
36, 453
13 93, 369, 897
1, 438, 807
48, 078
13 131, 856, 657
2, 619, 027
Taxable fiduciary returns
with net income '
89
335, 067
17, 635
252
880,685
92, 399
Total, individual returns
with net income and tax-
able fiduciary returns with
net income ^^ - -
36,277 1 94.462.635
1, 456, 442
47, 610
134, 125, 986
2,711,426
1
1
For footnotes, see pp. 240-241.
190
STTATISTIOS OF INiOOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Nevada
New Hampshire
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax «
Individual returns with net
income:
Under 1 (est )"
346
9
1,286
3,619
588
463
1,169
497
585
996
25
573
$232, 130
5,669
1,814,355
5, 447, 907
1,351,628
1,004,745
3, 178, 300
1,. 394, 863
1,907,875
3, 468, 047
108, 438
2, 555, 815
1,403
198
5,578
5,924
1,823
934
2,364
941
1,214
1,971
90
1,064
3
655
370
253
169
140
98
91
74
54
37
120
68
30
49
14
10
7
3
5
4
7
1
1
$1, 001, 207
95, 213
7, 298, 077
8,471,890
4, 131, 592
2,063,611
6, 390, 349
2, 629, 994
4. 016, 601
6, 840, 207
389, 986
4, 740, 054
16, 048
3, 577, 685
2, 391, 943
1, 890, 537
1,427,397
1,325,569
1,022,821
1. 047, 474
924, 938
727, 606
■ 535, 122
2. 048, 975
1, 503, 799
819, 436
1, 671, 704
630, 751
550, 274
466, 584
217, 499
422, 187
383, 950
818, 784
191, 444
203, 704
Under 1 (est )
$184
$3, 140
1 under 2 (est.)"
49, 058
67,0fl9
2 under 2.5 (est.)"
15, 604
36, 338
2.5 under 3 (est.)"..
2 5 under 3 (est.)
12, 321
27, 495
3 under 4 (est.)
33, 716
67, 507
38, 672
69, 298
334
146
95
46
37
42
24
21
13
17
30
33
8
17
15
4
6
8
1
1
3
2
1,819,530
945, 354
709, 730
391,019
351,624
441,512
276, 861
263, 987
178, 075
245, 213
516, 246
740, 091
216, 562
575, 522
676, 717
220, 379
376, 778
595, 321
86, 004
96, 439
336, 309
340, 592
38, 156
26, 083
23, 351
17, 234
17, 367
23, 557
15, 457
16, 494
12, 210
17, 234
40, 368
70, 604
24, 427
79, 299
113,503
41, 548
85, 239
148, 075
21, 028
30, 594
117,569
121,325
63, 987
6 under 7 -.
54, 762
53, 063
8 under 9
50, 020
9underl0
53, 599
10 under 11 .-
47, 635
11 under 12 -
51,560
12 under 13. ._.
52, 707
13 under 14
42, 299
31,754
15under20
144, 949
20 under 25 .. .
136, 143
25 under 30
91, 234
30 under 40 -.-
223, 915
40 Under 50. .. --
104, 025
50 under 60
123, 057
60 under 70 ... - ..
104, 584
70 under 80
80 under 90 -
53, 780
117,370
90 under 100 ..-
122, 276
100underl50
291, 545
150 under 200 - -
90, 828
200 under 250
98, 012
250 under 300
2
540, 073
283, 902
300 under 400
400 under 500
500 under 7,'iO
1
581,417
363, 295'
750 under 1,000
1 0011 under 1 500
1 .500 under 'J 000
2,000 miller :i (100
3,000 under 1,000
4 000 under .'> 000
Total, individual re-
turns with net income-
Individual returns with no
11,062
144
33, 991, 127
12 617, 673
1, 897, 474
25, 767
347
72, 885, 012
'2 947, 550
2, 473, 891
Grand total .
11,206
13 33, 373, 454
1, 897, 474
26, 114
'3 71, 937, 462
2,473 891
Taxable fiduciary returns
27
256, 386
30, 185
243
1,017,168
151 622
Total, individual returns with
net income and taxable fidu-
ciary returns with net in-
11,089
34, 247, 513
1,927,659
26, 010
73, 902, 180
2, 625, 513
For .'ootnotes, see pp. 240-241.
STATISTICS OF INCOME^ PART 1
191
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
New Jersey
Number
of returns
Net income
Total tax 2
New Mexico
Number
of returns
Net income
Total tax »
Individual returns with net
income:
Underl (est.)»--_
Underl (est.)
1 under 2 (est.)"
1 under 2 (est.)-
2 under 2.5 (est.)'i
2 under 2.5 (est.)..
2.5 under 3 (est.)"
2.5 under 3 (est.).-
3 under 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"-
4 under 5 (est.)
5 under 6 "
5 under 6 —
6 under?--
7 under 8--
SunderQ -
Qunder 10---
lOunder 11
11 under 12
12 under 13
13underl4
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60--
60 under 70- -
70 under 80
80 under 90
90 under 100--
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400-. --
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000.
2,000 under 3,000
3,000 under 4,000.
4,000 under 5,000 -
5,000 and over
Total, individual re-
turns with net
income
Individual returns with do
net income *
Grand total.
Taxable fiduciary returns
with net income '
Total, individual returns
with net income and tax-
able fiduciary returns
with net income "
12, 606
1,693
70, 524
76, 373
28, 028
15, 016
55, 848
16, 052
22, 966
33, 932
1,104
17, 672
27
9,755
6,128
4,180
2,788
2,073
1,504
1,222
970
811
662
1,992
1,044
551
587
266
156
98
59
34
29
51
21
14
5
6
3
2
1
3
$9, 138, 077
942, 690
96, 418, 638
111,282,629
63, 727, 627
33, 294, 250
150, 226, 066
44, 887, 637
75, 610, 772
117,570,969
4, 668, 740
78, 657, 595
142, 869
53, 256, 592
39, 627, 251
31, 219, 221
23, 622, 643
19, 644, 802
15, 745, 885
14, 010, 249
12,118,398
10, 940, 180
9,583,157
34,175,971
23, 249, 697
15, 013, 468
20, 136, 248
11,739,600
8, 466, 241
6, 328, 997
4, 383, 138
2,885,114
2, 749, 094
6, 041, 074
3, 677, 007
3,121,387
1,413,785
2, 067, 965
1, 368, 866
1,394,546
962, 774
3, 901, 331
$31,732
945,' 669'
553, 180
'467,934
1, 059, 912
1,020,226
886, 557
825, 598
820, 134
763, 045
743, 160
675, 155
665, 138
622, 243
612, 578
571,482
2, 369, 584
2, 049, 871
1,616,672
2, 691, 698
1,950,112
1, 631, 701
1,494,806
1,099,081
804, 103
85.3,155
2, 274, 147
1,646,039
1, 522, 795
727, 404
1,164.678
689, 653
832, 116
652, 587
2, 716, 142
15
2,803
3,296
1,307
581
2,169
677
1,015
1,893
58
1,018
5
511
305
164
95
68
50
46
41
27
16
42
14
. 15
15
5
5
1
2
2
$579, 206
7,291
3, 974, 704
5, 008, 826
2, 986, 844
1,300,311
5, 886, 126
1,890,125
3, 317, 894
6, 591, 003
243, 522
4, 532, 105
26, 082
2, 786, 458
1,973,582
1,215,916
805, 227
641, 196
526, 192
524, 828
507, 534
365, 520
230, 034
730, 554
306, 191
410, 579
531, 299
210, 714
272, 455
63, 200
143, 387
173, 276
243, 779
282,717
5, 783, 595
4, 289, 415
386, 858
3,048
1, 175, 196, 835
>2 11,624,586
44, 339, 502
« 9, 053
17, 131
339
49, 288, 677
12 903, 284
389, 906
" 1, 163, 572, 249
44, 348, 555
17, 470
13 48, 385, 393
2,074
10, 108, 501
3, 139, 234
396, 812
388, 932 1, 185, 305, 336
47, 478, 736
17, 178
$190
'44,730
19, 362
18, 522
68, 420
'66,' 503
56, 572
54, 390
40, 603
32, 496
30, 133
27,829
29,778
31,269
23,511
15, 535
56,523
30, 452
47, 013
74, 806
34, 196
53, 980
14, 217
36, 986
50,316
125, 142
148, 513
1,231,987
1.231,987
1, 360, 595
For footnotes, see pp. 240-241.
192
STATISITIOS OF ESTOOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
incoyne, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
New York
North Carolina
(Thousands of dollars)
Number
of returns
Net income
Total
tax 2
Number
of returns
Net Income
Total
tax»
Individual returns witli net
income:
Under 1 (est )"
56, 615
5,625
225, 734
243, 446
99, 404
42, 780
164, 994
46, 934
100, 939
103, 205
3,608
58, 637
113
32, 338
20, 969
14, 202
10, 188
7,713
5, 785
4,566
3,768
3,206
2,676
8,036
4,294
2,580
2,731
1,413
839
524
360
257
161
426
151
54
40
45
20
27
8
9
3
3
1
$41, 765, 081
2, 960, 877
312,949,974
353, 402, 525
226, 644, 056
94, 792, 431
450, 579, 573
131, 54,5, 515
324,911,116
357,518,275
15,333,417
261, 717, 067
598, 546
176, .585, 859
135, 658, 017
105,981,424
86, 337, 791
73, 069, 596
60, 602, 867
52, 398, 238
47, 063, 252
43, 232, 108
38, 767, 722
138, 406, 355
95, 788, 704
70,371,478
93, 924, 780
62, 978, 287
45, 655, 828
33, 953, 289
26, 808, 946
21,600,209
15,189,061
50, 918, 274
26, 006, 927
12, 049, 601
10,929,119
15,302,443
9, 000, 296
16,0.30,171
7,341,519
10, 956, 030
5, 336, 859
7, 747, 383
3, 500, 653
3,221
445
12, 641
11,071
5,223
1,583
7, 406
1,586
4,066
4,212
204
2,700
4
1,632
995
729
505
436
285
261
179
169
131
424
205
117
111
45
34
21
23
4
5
12
8
3
2
3
2
2
$2,491,685
224, 243
16,979.413
15,589,864
11,910,233
3, 494, 879
20, 099, 787
4, 475, 680
13,411,536
14, 613, 163
875, 365
12, 020, 796
21, 448
8,912,225
6, 439, 413
5, 440, 396
4, 278, 513
4,133,811
2, 987, 457
2, 999, 466
2, 233, 476
2, 280, 304
1, 900, 882
7, 294, 352
4, 603, 186
3, 206, 364
3, 804, 395
1, 987, 139
1,831,768
1, 376, 848
1, 699, 495
348, 027
476, 334
1, 428, 191
1,411,522
696, 602
550, 945
1, 024, 239
883. 546
1, 224, 207
Under 1 (est.)-..
$95, 549
.$7, 555
1 under 2 (est.)",-
1 under 2 (est.)
2, 980, 459
120, 423
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)'i
2.5 under 3 (est.)...
3 under 4 (est.)"
3 under 4 (est.)
1,606,042
59, 987
1,360,170
39, 302
3, 311, 543
116,474
4 under 5 (est.)"
4 under 5 (est.)-- -
3, 546, 325
146, 764
5 under 6
6 under 7
3, 049. 424
2,921,022
2, 833, 847
2, 827, 372
2, 810, 960
2, 637, 220
2, 537, 887
2, 459, 492
2, 426, 863
2, 323, 302
9,741,668
8, 623, 200
7,811,651
12, 739, 428
10, 405, 620
8, 944, 625
7, 602, 269
6, 788, 904
6, 088, 913
4, 702, 273
18, 835, 337
11,676,589
5, 909, 130
5, 732, 898
7, 765, 899
4, 996, 846
9, 169, 482
4, 892, 414
6, 380, 206
2, 943, 669
5, 844, 669
1, 349, 591
146, 700
136, 027
7 under 8
141,115
Sunder 9
9 under 10 .
136, 735
151,685
10 under 11.-. ..
126, 190
11 under 12 .-
142, 233
J2underl3
114,680
13 under 14
125, 268
14 under 15 -
114,546
15 under 20
506, 883
20 under 25
412,670
25 under 30.
346, 738
30 under 40 - .
510, 856
40 under 50 - - .
320, 506
50 under 60
346, 078
60 under 70
307, 062
70 under 80
407, 932
80 under 90-
100, 332
90 under 100 - .
149, 310
100 under 150
544, 135
150 under 200
631, 503
200 under 250
350, 389
250 under 300
300 under 400
293, 672
601,030
400 under 500 .
,528, 531
500 under 750.. _.
7G5, 815
7,50 under 1,000
1,000 under 1,500
1, 500 under 2,000
2,000 under 3,000..
3,000 under 4,000
4,000 under 5 000
Total, individual re-
turns with net in-
come. ..
1, 279, 427
14, 458
4,174,211,539
•2 64, 056, 487
208, 672, 758
6 90, 584
60, 705
806
191,661,195
12 2, 000, 137
8, 949, 126
Individual returns with no
net income '
Grand total
1, 293, 885
"4,110,155,052
208, 763, 342
61,511
13 189,661,058
8, 949, 126
Taxable fiduciary returns
with net income 3.
14,817
52, 459, 527
7, 249, 988
314
1,613,921
213, 478
Total, individual returns
with net income and tax-
able fiduciary returns
with net income "
1, 294, 244
4,226,671,066
215, 922, 746
61,019
193,275,116
9, 162, 604
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
193
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands ot dollars)
Individual returns with net
income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2under2..5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
Sunder 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"..
4 under 5 (est.)
5 under 6 »
5 under 6
6 under 7
7 under 8
8 under 9 -.-
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under .30
30 under 40
40 under 50
50 under fiO
60 under 70
70 under 80- _
80 under 90
90 under 100
100 under 150
150 under 200, _.
200 under 250
2.50 under 300-
300 under 400
400 under 500
500 under 7.50
750 under 1,000
1,000 under 1,500
l,.5O0 under 2,000
2,000 under 3,000.-
3.000 under 4,000
4,000 under 5,000
5,000 and over
North Dakota
Ohio
Number
of returns
Total, individual re-
turns with net in-
come
Individual returns with no
net income *
Grand total -
Taxable fiduciary returns
with net income '
Total, individual returns
with net income and tax-
able fiduciary returns
withnetincome"
Net income
1,346
39
3,055
2,780
1,376
351
1,722
425
744
863
37
419
248
163
100
65
41
30
21
, 24
10
9
25
8
4
1
1
1
1
$904, 226
25, 423
4, 322, 551
3, 982, 896
3,112,620
778, 749
4,661,660
1,205,417
2, 464, 454
2, 994, 193
155,136
1, 858, 856
13, 909
298
49
13, 958
1,354,229
1, 048, 065
746,511
550, 569
384, 909
315, 694
241, 449
301.. 300
135,111
' 130, 565
428, 787
170,662
106,091
35,610
44, 499
51,761
68, 855
Total
tax 2
31, 530
12, 399
9,745
20, 887
23, 260
32, 580, 848
12 567, 590
!3 32, 013, 258
114,497
32, 695, 345
21,605
20. 812
19, 502
17,908
13, 962
14, 324
11,048
15,044
7,621
7, 565
28, 492
14. 532
10, 586
4,705
7,000
9, 4.58
15, 993
Number
of returns
Net income
338, 779
338, 779
3,279
342, 058
11,970
1,312
92, 122
96, 344
25, 703
16, 863
64, 289
14, 880
24. 702
33, 206
846
20, 169
47
9, 565
6,191
4,175
2,940
2,126
1,657
1,361
1,085
839
750
2,410
1,219
678
733
376
174
123
80
58
38
79
42
13
5
2
6
1
439, 241
3,071
442, 048
$8, 525, 784
656, 576
120,551,138
141, 656, 383
58, 647, 397
37, 457, 502
173, 986, 255
41, 609, 393
81, 062, 751
115,151.513
3, 602, 792
89, 857, 320
250, 486
52, 269, 587
40, 030, 829
31,1.50,351
24, 879, 348
20, 140, 186
17, 390, 574
15, 635, 661
13, 542, 799
11,303,718
10, 849, 322
41.381,923
27. 029, 693
18, 533, 042
25. 230, 279
16, 678, 861
9, 514, 773
7, 994, 531
5, 940, 195
4, 898, 508
3, 602, 724
9, 338, 623
7, 336, 735
2, 845, 068
1,323,857
708, 072
2, 007, 543
583, 000
Total
tax 2
2, 203, 732
1,297,958,824
12 10,742,118
13 1,287,216,706
17, 172, 698
1,315,131,522
$22, 013
1, 234, <
636, 347
455, 988
996, 786
1, 139, 004
893, 592
849, 005
821, 960
809, 730
768, 564
7.59, 336
750, 049
706, 002
631, 524
643, 296
2, 866, 451
2, .381, 216
2,019.344
3, 380, 589
2, 730, 149
1,835,012
1, 778, 901
1, 522, 868
1, 450, 361
1,118,855
3,41,5,331
3, 186, 776
1, 290, 486
699, 871
403, 336
1, 512, 395
181, 782
1, 515, 038
45, 406, 941
45, 406, 941
3, 330, 970
48,737,911
For footnotes, see pp. 240-241.
194
STATTSTIOS OF HSPOOME, PART 1
Table 9. — Individual returns with net income, 19S9, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Oklahoma
Oregon
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax 2
Individual returns with net
income:
Under 1 (est.)" -
Under 1 (est.) -.- _
5,714
253
15, 089
7,421
7,118
2,019
7.643
1,404
3,313
5,024
146
4,071
10
1,515
998
681
449
322
221
215
176
104
108
291
151
79
78
35
23
10
9
7
5
6
.$3, 960. 571
179, 457
22, 21.5, 523
11,825,451
16, 084, 925
4, 440, 122
20, 692, 622
3, 910, 970
10, 822, 328
17, 725, 443
613, 078
18, 199, 776
53, 132
8, 282, 284
6, 445, 571
5, 087, 788
3, 807, 467
3, 050, 267
2,317,033
2, 471, 335
2, 200, 766
1, 399, 668
1, 557, 678
5, 004, 351
3, 360, 349
2, 147, 368
2, 655, 671
1,568,449
1, 247, 753
641, 907
672, 281
591, 439
470, 332
717,217
2,355
139
14, 704
18, 156
4,618
2,701
7,509
1,879
2,537
4,418
75
2,462
3
1,435
842
543
361
282
178
129
140
117
80
237
106
66
68
28
13
4
1
2
$1, 691, 754
71,671
19, 989, 456
26, 083, 850
10. 489, 383
5. 940, 501
20,271,694
5.253,215
8, 284, 032
15, 197, 698
311,460
10, 986, 822
15, 874
7, 834. 164
5.442.172
4. 053. 803
3. 049. 631
2. 670. 239
1, 860, 674
1.480.088
1.746.079
1.575.457
1,156,826
4, 065. 278
2. 344. 499
1.812.100
2. 373. 056
1.204.436
719.680
254, 232
72.411
174, 449
$6, 112
.$2, 247
1 under 2 (est.)"
1 under 2 (est.)
136, 342
78,563'
207, 765
2 under 2.5 (est.)"
2 under 2.5 (est.) --.
99, 965
2 5 under 3 (est.)".
2.5 under 3 (est.)
3 under 4 (est.)"
55, 490
49, 100
166, 439
134, 885
4 under 5 (est.)"
226, 035
146, 878
5 under 6 "
5 under 6 _-
6 under 7
7 under 8 - - -
136, 428
134. 640
134,281
121, 794
114,367
100, 252
118,287
114,145
75, 557
94, 866
352, 013
291, 750
232,116
354, 385
261, 666
233, 636
139, 072
167, 324
163, 867
143. 574
269. 490
134,511
116,745
108, 774
8under9
100, 098
9 under 10
100, 925
10 under 11
79, 087
11 under 12
69. 628
12 under 13
92, 130
13 under 14.
88, 124
14 under 15
68, 902
15 under 20
281, 059
20 under 25 .
206. 036
25 under 30
200, 290
30 under 40, -_.
322, 472
40 under 50
192, 223
50 under 60
137, 036
60under70
60, 367
70 under 80. .__'
16,487
80 under 90
44, 357
90 under 100 -
100 under 150 .
4
442, 866
156, 979
150 under 200
200 under 250
250 under 300 .
300 under 400
1
384,932
225, 891
400 under 500
500 under 750
750 under 1.000
1,(HI(I under 1,500 .
l„5(l() under 2.000
2,000 under 3,000. _
3,00(1 under 4,000
4,000 uniler .''1,000
5,000 and over
Total, individual re-
turns with net income-
Individual returns with no
net income <
64, 709
1,600
186, 805, 304
'2 5,409,493
4, 648, 382
66, 192
865
168, 919, 556
12 2, 788, 575
3, 217, 070
Grand total
66, 309
13 181.395,811
4, 648. 382
67, 057
13 166, 130, 981
3, 217, 070
Taxable fiduciary returns
with net income '. . _ .
300
1, 961, 958
238, 092
286
697, 944
35, 452
Total, individual returns with
net income and taxable
fiduciary returns with net
income "
65,009
188, 767, 262
4,886,474
66, 478
169, 617, 500
3, 252, 522
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
195
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Pennsylvania
Number
of returns
Net income
Total tax 2
Rhode Island
Number
of returns
Net income
Total tax 2
Individual returns with net
income:
Under 1 (est.)"
Under 1 (est.)
1 under 2 (est.)"
1 under 2 (est.)
2 under 2.5 (est.)"
2 under 2.5 (est.)
2.5 under 3 (est.)"
2.5 under 3 (est.)
Sunder 4 (est.)"
3 under 4 (est.)
4 under 5 (est.)"
4 under 5 (est.)
5 under 6 "
5 under 6
6under 7
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
sounder 40
40 under 50
50 under 60
60 under 70
70 under 80
sounder 90^-
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2.0(1(1 under 3,000
3,(1(10 under 4,000
4,0(1(1 under 5,000
5,000 and over
Total, individual re-
turns with net in-
come
Individual returns with no
net income *
Grand total.
32, 984
1,638
147, 092
129, 141
43, 404
32, 296
67, 402
19, 282
22, 556
44, 873
1,393
33, 144
83
13, 767
8,762
5,918
3,995
3,179
2,418
1,870
1,558
1,242
1,088
3,254
1,748
972
1,034
551
295
184
132
74
58
146
44
18
3
15
8
12
1
1
1
2
2
$24, 557, 380
927, 291
188, 200, 875
198, 608, 040
98, 765, 824
71, 127, 207
181,349,074
53,377,519
74, 667, 686
157, 042, 893
5, 916, 572
148, 109, 569
446, 593
75, 205, 575
56, 616, 659
44, 170, 654
33, 867, 359
30, 122, 168
25, 346, 562
21, 456, 985
19, 439, 443
16, 768, 502
15, 762, 565
55, 902, 219
39, 034, 622
26, 570, 858
35, 589, 450
24, 616, 804
16,121,331
11,935,031
9, 859, 052
6, 244, 078
5,498,416
17, 546, 027
7, 789, 771
3, 888, 893
854, 655
5, 383, 893
3, 562, 758
7,118,625
974, 075
1, 305, 104
1, 666, 862
5, 203, 929
7, 278, 924
$30, 443
i,' 987," 220"
1, 212, 100
796, 291
1, 652, 024
1, 963, 726
1,310,180
1, 237, 508
1,205,121
1, 131, 156
1,161,985
1, 116, 135
1, 046, 219
1, 024, 228
952, 890
954, 878
3, 959, 476
3, 502, 928
2, 906, 860
4, 776. 879
4, 042, 391
3,110,272
2, 666, 533
2, 480, 303
1, 733, 668
1,730,596
6, 614, 322
3, 544, 037
1,835,416
435, 925
3,031,641
1, 983, 579
4,051,195
660, 481
915, 535
505, 973
3, 810. 909
5, 212, 590
1,618
217
12, 524
10, 747
3,544
2,202
5,294
1,700
2,123
3,489
167
2,016
10
1,101
765
513
408
295
199
184
127
131
97
296
170
103
125
55
28
28
15
7
4
16
627, 640
6,054
1, 835, 798, 372
12 19,622,030
82, 293, 613
6 131,469
50, 333
424
633,694
"1.816,176,342
82, 425, 082
50, 757
Taxable fiduciary returns
with net income '
6,193
22, 501, 532
3, 632, 782
9o4
Total, individual returns
with net income and tax-
able fiduciary returns
with net income *'
633, 833
1, 858, 299, 9(H
85, 926, 395
51, 297
$1, 179, 190
115,130
16, 406, 865
15,858,920
7, 975, 660
4, 868, 720
14,351,217
4, 757, 108
6, 978, 414
12,141,148
712, 208
8, 950, 587
53, 402
6, 029, 570
4, 949, 620
3,821,585
3, 464, 992
2, 789, 841
2, 085, 377
2, 107, 640
1, 591, 725
1,761,175
1, 404, 589
5, 082, 826
3, 766, 369
2,841,030
4.353,157
2, 406, 039
1,521,978
1, 778, 269
1,118,971
597,811
375, 627
1,934,914
1, 534, 535
801, 892
1, 049, 601
153,517,702
12 1,327,010
'3 152,190,692
2, 952, 897
156,470,599
For footnotes, see pp. 240-241.
437826—42-
-14
196
SrrATTSTIOS OF INCOME, PART 1
Table 9.^ — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciarij returns with net
income, and individual and taxable fiduciary returns, with net incorne, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
South Carolina
South Dakota
Number
of
returns
Net income
Total tax 2
Number
of
returns
Net income
Total tax 2
Individual returns with net
income:
Under 1 (est.) »
1,741
136
6,182
5,309
3,036
666
3,321
915
1,797
2,441
75
1,410
7
770
503
291
185
147
125
78
77
53
35
124
52
30
31
23
8
5
2
.$1, 293, 154
62, 637
8, 677, 081
7,605,120
6, 915, 339
1, 460, 323
8, 982, 167
2, 575, 263
5, 913, 729
8, 499, 809
316, 961
6, 269, 012
36, 742
4, 209, 957
3,252,942
2, 173, 425
1,571,344
1,391,938
1, 312, 263
901,658
959, 117
714, 535
505, 722
2, 145, 840
1, 162, 176
806, 439
1, 029, 878
1, 027, 163
420, 300
320, 230
149, 692
1,255
40
3,669
3,059
1,196
348
1,691
342
735
793
27
525
2
252
159
95
72
41
25
24
27
12
13
42
18
4
8
4
1
$868, 577
23, 599
4,910,179
4,468,731
2, 713, 184
770, 108
4, 565, 388
960,912
2, 414, 240
2, 767, 973
117,627
2, 326, 850
10, 960
1,371,354
1, 026, 825
706, 668
611,709
389, 304
261,4.30
274, 467
336, 705
163, 037
187, 882
729, 354
408, 364
111,923
281, 561
176, 178
50, 780
Under 1 (est.)
$2, 198
$757
1 under 2 (est.) » —
60, 717
37, 199
2 under 2.5 (est.) n
2 under 2.5 (est.)
22, 528
12, 385
2.5 under 3 (est.) u
2.5 under 3 (est.)
19, 890
8,734
3 under 4 (est.) u . - -
62, 112
21, 606
4 under 5 (est.) u
76, 055
27, 072
5 under 6 u
5 under 6
66, 778
64, 134
57, 051
48, 430
51, 169
55, 792
42, 176
48, 450
39, 228
28, 340
147, 478
102, 126
84, 980
130, 825
165, 088
76, 612
70, 998
36, 556
23, 257
6 under 7
7 under 8 ...
20, 746
18, 664
Sunder 9
9under 10
10 under 11
18, 599
15, 636
11,202
11 under 12
12 under 13
13uniier 14. ...,_,
14 under 15
15 under 20
14, 474
17, 443
9,941
11,795
49, 466
20 under 25
36, 549
25 under 30 . .
12, 953
sounder 40.
40 under 50
38, 660
28,017
50 under 60 .
9,049
60 under 70
70 under 80
2
145, 918
34, 259
80 under 90
90 under 100
3
2
1
281, 628
217, 459
171, 889
81, 738
95, 205
76, 925
100 under 150
150 under 200
200 under 2.50
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income.
Individual returns with no
29, 581
396
83, 332, 832
12 831,305
1,813,579
14, 481
350
34,151,787
12 511,847
478, 463
Grand total
29. 977
13 82, 501, 527
1, 813, 579
14, 831
13 33, 639, 940
478, 463
Taxable fiduciary returns
with net income'
128
580, 671
41, 595
45
132, 787
4,646
Total, individual returns
with net income and tax-
able fiduciary returns with
net income «
29, 709
83, 913, 503
1,855,174
14, 526
34, 284, 574
483, 109
For footnotes, see pp. 240-241 .
STATISTICS OF INCOME^ PART 1
197
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
Tennessee
Texas
Number
of
returns
Net income
Total tax 2
Number
of
returns
Net income
Total tax '
Individual returns with net
income:
Under 1 (est.) n
2,558
163
15, 084
10, 120
4,607
3,212
9,791
1,932
5,197
6,080
225
5,229
9
1,934
1,231
835
595
368
329
275
179
160
138
374
181
120
151
81
29
25
14
4
3
7
$1, 799, 264
81, 326
20, 263, 207
16, 136, 572
10, 486, 992
7, 117, 152
26, 644, 759
5, 343, 881
17, 098, 154
21,310,157
954, 689
23, 309, 455
47, 777
10, 568, 079
7, 958, 716
6,223,311
5, 042, 432
3, 486, 746
3, 4.50, 142
3, 160, 605
2, 239, 525
2, 157, 664
1, 992, 330
6, 436, 328
4, 050, 297
3, 280, 256
5, 126, 469
3, 632, 234
1, 565, 507
1,610,339
1,034,481
339, 071
289, 676
847, 990
10, 769
130
40, 190
38, 646
18, 367
8,192
29, 417
8,812
14, 228
25, 231
680
16, 839
18
8,747
4,916
2,421
1,552
1,107
884
682
582
423
384
1,209
600
378
417
202
101
79
32
25
17
30
7
4
$7,503,911
82, 628
55, 555, 668
56, 870, 448
41, 866, 312
18, 284, 767
79, 930, 497
24, 610, 673
46, 729, 030
88, 165, 639
2, 878, 438
75, 061, 606
95, 491
47, 694, 393
31, 660, 858
18, 032, 704
13, 142, 259
10, 477, 516
9, 254, 203
7, 824, 610
7, 260, 897
5,718,493
5, 565, 983
20, 780, 710
13, 404, 686
10, 353, 655
14, 203, 841
8, 966, 457
5, 480, 381
5, 033, 136
2, 368, 594
2, 076, 123
1, 592, 183
3, 479, 965
1,247,390
918, 538
Under 1 (est.)
$2, 720
$1, 977
1 under 2 (est.) »
1 under 2 (est.)
177, 424
451, 556
2 under 2.5 (est.) "
2 under 2.5 (est.) . -..
121, 107
270, 846
2.5 under 3 (est.) n
2.5 under 3 (est.) - .--
85, 423
259, 321
3 under 4 (est.) "
3 under 4 (est.)
223, 578
993, 074
4 under 5 (est.) n ...
4 under 5 (est.) .
289,411
1, 233, 132
5under6
173, 084
168, 238
162, 705
165, 534
130, 434
148,617
153, 144
114,559
121,310
118,753
448, 247
360, 120
355, 133
679, 243
590, 883
296, 060
347, 507
251, 578
94,815
92, 748
296, 365
982, 256
6under7
843, 940
7 under 8 -
641,689
8 under 9 --.
569, 288
9underl0
513, 800
lOunderll
497, 209
11 under 12
453, 433
12 under 13
450, 103
13 under 14 - -
375, 952
14 under 15 -..
387, 101
15under20 .
1, 635, 881
20 under 25 -
1, 305, 976
25 under 30
1, 214, 607
30 under 40
1, 982, 144
40 under 50
1, 513, 439
50 under 60
1,071,662
60 under 70
1, 126, 877
70 under 80
594, 958
80 under 90 - - . .
570, 934
90 under 100
494, 282
100underl50
1, 240, 256
150 under 200
523, 073
200 under 250
456, 176
250 under 300 . .-
3
1
813, 255
326, 899
428, 235
180, 777
300 under 400
1
389, 647
225, 997
400 under 500
500 under 750
1
622, 082
391, 489
2
1, 231, 869
780, 426
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income-
Individual returns with no
net income *
71, 245
596
226, 847, 819
12 1, 910, 289
7, 169, 241
236, 321
4,317
745, 794, 199
"2 15, 549, 232
23, 661, 365
Grand total _..
71, 841
13 224, 937, 530
7, 169, 241
240, 638
13 730, 244, 967
23, 661, 365
Taxable fiduciary returns
with net income ^
361
2, 950, 103
1, 023, 955
1,421
7, 275, 514
909, 233
Total, individual returns with
net income and taxable
fiduciary returns with net
income ^^
71, 606
229, 797, 922
8, 193, 196
237, 742
753,069,713
24, 570, 598
For footnotes, see pp. 240-241.
198
STTATISTIOS OF INCOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Utah
Vermont
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax »
Individual returns with net
income:
Under 1 (est.) "
1,079
74
5,434
4,472
2,195
611
3,432
611
1,528
1,490
83
788
3
470
318
169
150
97
59
63
42
43
35
94
37
20
30
13
5
1
1
1
2
$803, 925
42, 796
7, 567, 692
6, 399, 384
4, 966, 900
1,341,459
9,327,413
1, 738, 619
4, 997, 163
5, 133, 258
352, 640
3, 506, 620
15, 582
2, 568, 270
2, 060, 390
1, 265, 323
1, 277, 989
916,074
612, 352
724, 243
525, 604
579, 197
506, 841
1, 617, 444
815, 270
546, 141
1, 045, 480
557, 597
274, 530
63, 434
76, 951
87,880
183, 074
121
52
4,168
3,071
603
594
2,412
525
851
1,278
36
841
3
361
203
143
93
69
63
45
34
26
22
68
20
19
22
5
4
1
2
3
$77, 238
27, 422
5, 372, 182
4, 663, 479
1, 365, 565
1, 334, 292
6, 514, 510
1, 446, 854
2, 788, 722
4, 467, 484
160, 374
3, 757, 375
15, 735
1,969,813
1,310,933
1, 066, 709
788, 194
653, 938
659, 510
516, 564
422, 492
351, 153
317, 958
1, 152, 383
452, 382
521, 748
736, 168
217, 092
218, 782
61, 188
152, 095
254, 646
Under 1 (est.)
$1,427
$920
1 under 2 (est.) »
1 under 2 (est.)
49,506
44,863
2 under 2 5 (est.) i'
2 under 2 5 (est.)
21, 124
23,669
2.5 under 3 (est.) u
2.5 under 3 (est.)
11, 177
39,059'
42,'422'
39,' 835'
41, 582
31, 733
41,723
32, 762
25, 753
33, 931
26, 457
32, 754
29, 551
110,613
71, 308
61,991
140, 402
87, 751
53, 543
13,712
18, 944
25, 210
51,306
19, 645
3 under 4 (est.) H--.
42, 450
4 under 5 (est.) "
4 under 5 (est.)
5 under 6 n . .
50,495
5 under 6 -
35, 014
6 under 7
29,655
7 under 8
29,316
Sunder 9
27, 897
9 under 10
26 125
10 under 11
29 707
11 under 12.
26, 014
23,968
20, 544
12 under 13 . . .
13 under 14 _
14 under 15 ■.-.
18, 457
15 under 20
81,391
20 under 25
43 444
25 under 30
58 855
30 under 40
100, 209
40 under 50
34, 378
sounder 60
43,617
60 under 70
70 under 80
12, 975
41,349
80 under 90
73 832
90 under 100
100 under 150
3
1
352, 629
152, 950
118,773
150 under 200
65, 619
200 under 250
250 under 300
300 under 400
400 under 500 __
500 under 750
750 under 1,000
1,000 under 1,560...
1,500 under 2,000 _ _ .
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000.
5,000 and over
Total, individual re-
turns with net income .
Individual returns with no
net income <
23, 450
243
62, 497, 535
12 635, 757
1, 135, 576
15, 762
108
44, 320, 559
12 324, 525
1, 123, 181
Grand total .
23, 693
" 61, 861, 778
1, 135, 676
15, 870
13 43, 996, 034
1, 123, 181
Taxable fiduciary returns with
net income ' .
123
512, 724
44, 438
131
513, 178
141, 625
Total, individual returns with
net income and taxable
fiduciary returns with net
income ^'^
23, 573
63,010,259
1,180,014
15,893
44, 833, 737
1, 264, 806
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
199
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Virginia
Washington s
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Total tax »
Individual returns with net
income:
Under 1 (est.) n
3,683
127
16, 188
15, 308
7,162
4,596
11,390
2,594
5,296
8,300
168
6,588
7
2,439
1,542
1,028
649
509
362
277
248
195
156
461
220
126
130
53
40
19
10
8
6
14
4
4
$2, 725, 142
76, 753
22,691,056
24, 398, 997
16, 313, 601
10, 146, 225
30, 874, 992
7, 165, 653
17, 424, 949
29, 263, 413
704, 457
29, 344, 219
36, 012
13, 325, 681
9, 951, 859
7, 683, 847
5, 498, 463
4, 826, 788
3, 794, 917
3, 182, 285
3, 087, 516
2, 623, 396
2, 263, 155
7,941,518
4, 940, 877
3, 470, 340
4.413,104
2, 369, 721
2, 151, 124
1, 233, 057
734, 130
671,067
555, 224
1,707,946
669, 656
848,511
3,914
62
22, 403
36, 330
7,281
5,461
14, 503
5,107
5,533
11, 160
278
6,036
5
3,188
1, 692
814
490
310
228
166
151
119
92
290
136
70
80
39
26
11
5
7
7
2
1
$2, 657, 859
42, 120
30, 005, 904
51, 955, 693
16, 573, 961
12, 127, 197
39, 251, 799
14, 283, 846
18, 063, 384
38, 879, 843
1, 176, 204
26, 860, 930
26, 956
17, 397, 404
10, 884, 907
6, 065, 345
4, 153, 867
2, 931, 450
2, 391, 685
1,909,778
1.878,724
1,601,516
1,332,563
4, 988, 947
2, 977, 737
1,910,689
2, 718, 746
1,744,469
1,418,219
694, 760
369, 527
587, 730
Under 1 (est.)
$2, 352
$1,243
1 under 2 (est.) »
1 under 2 (est.) -
267, 828
401, 502
2 under 2.5 (est.) n
2 under 2.5 (est.)
176, 114
197, 115
2.5 under 3 (est.) "
2 5 under 3 (est.)
116, 306
136, 139
3 under 4 (est.) "_... -
3 under 4 (est.)
304, 872
437, 628
4 under 5 (est.) "
4 under 5 (est.)
372, 106
452, 005
Sunder 6 "
223, 300
212, 995
203, 806
177,442
183, 625
164, 238
154, 876
157,875
147, 495
138, 438
549, 774
443, 367
381, 429
586, 851
.387, 147
409, 273
273, 435
179, 494
188,319
174,653
628, 913
299, 595
420, 951
348, 849
285, 487
208, 562
181, 194
139, 334
124, 823
110 155
6 under 7
7 under 8 -
8 under 9
9 under 10 . .. ...
10 under 11 .
11 under 12
12 under 13 ...
114,713
102, 473
92, 374
386, 218
283, 935
220, 820
376, 720
293 076
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40.
40 under 50
.50 under 60
275 767
60 under 70
150, 764
91 842
70 under SO
sounder 90
165, 442
90 under 100_
100 under 150
884, 907
354, 615
234, 612
343 615
150 under 200
164,317
120 137
200 under 250
250 under 300
300 under 400
2
2
1
662, 566
935, 562
530, 302
370, 252
570,119
326, 337
400 under 500
500 under 750
750 under 1,000 _
1,000 under 1,.500
1,.500 under 2.000
2,000 under 3.i«>»)
3,000 under 4.000
1
3, 309, 152
1, 736, 477
4,000 under 5,000
5,000 and over
Total, individual re-
turns with net income .
Individual returns with no
net income <
89, 913
821
284, 547, 233
12 2, 532, 321
10, 930, 054
125, 997
1,237
321, 337, 893
12 3, 285, 187
6, 206, 249
Grand total
90, 734
13 282, 014, 912
10, 930, 054
127, 234
13 318, 052, 706
6, 206, 249
Taxable fiduciary returns with
net income '
500
1, 574, 248
110, 230
580
2, 009, 045
150, 960
Total, individual returns with
net income and taxable fi-
duciary returns with net
income "
90, 413
286,121,481
11,040,284
126, 577
323, 346, 938
6,357,209
For footnotes, see pp. 240-241.
200
STATISTICS OF ESTOOME, PART 1
Table 9. — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
(Thousands of dollars)
"West Virginia
Wisconsin
Number
of returns
Net income
Total tax 2
Number
of returns
Net income
Individual returns with net
income:
Under 1 (est.) 'i
Under 1 (est.)
1 under 2 (est.) "
1 under 2 (est.)
2 under 2. .5 (est.) "
2 under 2.5 (est.)
2.5 under 3 (est.) ^
2.5 under 3 (est.)
Sunder 4 (est.) i'
3 under 4 (est.)
4 under 5 (est.) "
4 under 5 (est.)
5 under 6"
5 under 6
6 under 7 -.
7 under 8
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
sounder 60
60 under 70
70 under 80
sounder 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
' 1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Total, individual re-
turns with not income.
Individual returns with no
net income *
Grand total-
Taxable fiduciary returns
with net income ^
Total, individual returns
with net income and taxa-
ble fiduciary returns with
net income "
3, 245
249
16, 731
12, 208
4,464
2,919
9,072
1,788
3,563
5,008
157
3,661
4
1,250
802
519
377
276
203
170
131
89
77
275
116
$2, 278, 824
135, 984
22, 539, 378
19, 092, 362
10,118,955
0, 422, 430
24, 520, 586
4,945,017
11,589,955
17, 506, 841
668, 569
16, 202, 483
21,419
6, 832, 655
5, 167, 634
3,881,039
3,192,828
2,618,511
2,122,221
1,957,118
1,635,346
1,199,431
1,117,154
4, 703, 543
2, 559, 523
1, 868, 158
2, 840, 193
1, 336, 427
945, 781
570,611
458, 134
334, 396
189, 380
368, 963
161, .543
$4,480
200, 267
110,044
75, 470
173,492
205, 548
116,809
111,532
102, 278
104. 295
99, 714
92, 578
95,048
83, 906
65, 240
65, 288
330, 353
226, 962
204, 788
379,912
223, 765
188,715
121,152
114,683
99, 759
60, 232
139, 191
73, 896
267, 415
12, 618
797
37, 418
43, 907
15, 846
6,668
17,112
5,345
6,790
9,905
346
6,679
6
3,168
1,908
1,271
842
650
523
366
307
226
197
595
313
161
173
68
36
24
16
19
11
14
5
4
4
1
1
$8, 870, 658
403, 128
50, 241, 221
64,742,812
36, 066, 251
14, 842, 093
46, 129, 000
14, 894, 558
22,299,199
34, 389, 946
1,474,246
29, 923, 258
31,132
17, 286, 988
12, 324, 254
9, 490, 692
7, 138, 080
6, 165, 686
5, 476, 791
4,203,271
3,841,566
3,044,219
2, 853, 008
10, 208, 063
6,951,135
4, 386, 951
5, 927, 574
3, 052, 636
1, 995. 503
1,556,429
1, 187, 469
1, 640, 284
1,048.924
1, 753, 856
879, 949
933, 031
1,080,888
329, 770
461, 735
67, .579
664
68, 243
67, 914
182, 370, 807
13 1,653,548
13 180, 817, 259
1,373,223
183, 744, 030
3, 954, 235
3. 954, 235
106, 592
4, 060, 827
174, 340
1,792
176, 132
1,183
175, 523
439, 626, 854
12 3, 974, 801
13 435, 552, 053
3,860,984
443, 387, 838
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
201
Table 9.- — Individual returns with net income, 1939, by net income classes, and aggre-
gates for individual returns with no net income, taxable fiduciary returns with net
income, and individual and taxable fiduciary returns, with net income, by States
and Territories: number of returns, net income, and total tax — Continued
Net income classes
Wyoming
(Thousands of dollars)
Number
of returns
Net income
Total tax 2
Individual returns with net income:
Under 1 (est.) n
671
40
2,353
3, 584
937
476
1,477
469
834
1,126
24
568
2
350
205
145
87
61
40
38
33
18
22
49
24
15
9
6
2
$440, 792
21, 908
3, 310, 757
5, 213. 066
2, 129, 366
1,058,760
4, 018, 226
1,314,392
2, 700, 224
3, 910, 904
101,910
2, 534, 964
10, 716
1,900,313
1, 325, 190
1, 093, 175
737, 544
581,051
416,221
435, 595
411, .526
241, 625
317,710
839, 524
535, 420
413,025
306, 667
266, 463
113,710
Under 1 (est.)
$749
1 under 2 (est.) i'..
1 under 2 (c^t.)
43, 561
2 under 2.5 (est.) "
2 under 2.5 (est.) - . - . .
17,712
2.5 under 3 (est.) "
2.5 under 3 (est.)
11, 767
3under4 (est.) "
3 under 4 (est.) - - _ . - . .
29, 749
4 under 5 (est.) i'
31, 209
5under6"
5 under 6 . . --
32,323
28,154
30 379
6 under 7 - _ _ - .
8under9
24 141
9 under 10 ...
22, 471
18, 802
20 105
10 under 11 . . . . -
11 under 12 .......
12 under 13
22, 856
13,098
18 885
13 under 14.
14 under 15
15 under 20 . ..-.-.-.---.-.. . . . . .
59,010
47, 537
44, 906
41 517
20 under 25 ...
25 under 30
30 under 40 ..
40 under 50
43,057
22, 347
50 under 60 . ... ... ---. . .
60 under 70-
70 under 80. -.- -.
1
1
1
1
74,112
88, 728
97, 287
132,806
17, 998
21,348
80 under 90
90 under 100 ..
31 753
100 under 150..
35,293
150 under 200
200 under 250
250 under 300
300 under 400.
400 under 500
500 under 750
1
663, 310
422,050
750 under 1,000 .
1,000 under 1,500 ... .
1,500 under 2,000
2,000 under 3,000
4,000 under 5,000
5,000 and over
Total, individual returns with net income
13, 670
293
37, 816, 987
" 667, 701
1, 152, 777
Grand total . -
13, 963
65
" 37, 149, 286
208, 558
1, 152, 777
8,705
Total, individual returns with net income and taxable fiduciary-
13, 735
38,025,545
1, 161, 482
For footnotes, see pp. 240-241.
202
SfTATISTICS OT' INOOME, PART 1
Table 9-A. — Individual returns with net income and returns for estates and trusts
with net income, 19S9-1930, by States and Territories: number of returns, net
income, and total tax ^^
Alabama
Alaska
Year
Number of
Net
Total
Number of
Net
Total
returns
income
tax
returns
income
tax
1939
49, 243
$150, 021, 429
$3, 788, 876
6,982
$17, 669, 165
$307, 789
1938
39, 261
116, 163,358
2,715,111
('*)
(")
1937
39, 959
130, 127,271
4, 155, 993
(")
(")
1936
31,712
106, 647, 588
3, 434, 836
(H)
('*)
1935
26, 141
80, 443, 944
1, 701, 528
(14)
(■')
1934
23, 072
69, 229, 199
1, 407, 104
('*)
('*)
1933
19, 962
53,673,478
978, 404
('*)
(■<)
1932
20, 680
54, 020, 284
769, 932
(H)
(H)
1931
19, 532
70, 309, 297
640, 467
(H)
(14)
1930
22, 605
93, 900, 510
1, 353, 584
(H)
(")
Arizona
Arkansas
Year
Number of
Net
Total
Number of
Net
Total
returns
income
tax
returns
income
tax
1939
26, 073
$69, 347, 814
$1, 289, 518
23, 203
$75, 668, 690
$1,902,359
1938
20, 532
56, 563, 874
1, 048, 176
19, 720
63, 377, 344
1, 576, 934
1937
20, 809
62, 432, 053
1, 542, 167
18, 502
64, 054, 308
1, 934, 035
1936
16, 842
51, 444, 492
1,429,247
16, 587
61, 156, 625
2, 073, 666
1935...
13, 941
38,298,031
647, 859
14, 085
43, 351, 163
796, 832
1934
11, 378
29, 802, 959
391, 723
13,318
38, 88.5, 585
677,515
1933
8,588
20, 851, 766
265, 635
11,427
29, 366, 515
370, 043
1932
8,900
23, 354, 960
305, 405
10, 350
24,716,119
215, 937
1931
8,035
28, 745, 823
247, 280
9,873
29, 256, 385
107, 830
1930
10, 590
42, 775, 084
584, 274
12, 490
43, 282, 986
241, 787
California
Colorado
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
631, 218
526, 593
510, 224
436, 128
367, 757
315, 766
286, 580
295, 650
248, 722
293, 048
$1, 892, 885, 029
1. 585, 719, 800
1, 677, 450, 067
1, 494, 599, 201
1, 172, 303, 199
968,067,116
785, 354, 006
841, 047, 708
967, 099, 004
1, 330, 603, 655
.$60, 313, 285
60, 127, 190
74, 835, 666
76, 428, 350
42, 033, 332
33, 380, 393
21,444,162
21, 635, 950
14, 732, 280
27, 136, 057
55, 274
42, 132
45, 371
40, 332
33, 475
31, 232
28, 725
30, 537
25, 279
28, 986
$164,977,772
130, 642, 002
156,162,264
146, 498, 541
108, 379, 317
94. 502, 319
74, 445, 866
82,077,771
96, 661, 700
125, 795, 609
$6, 133, 523
1938
5, 783, 308
1937
9, 010, 069
1936 -.-
8, 934, 634
1935
4, 057, 259
1934
3. 281, 526
1933_ -
1, 710, 477
1932
1, 815, 932
1931 . ..
1, 378, 043
1930 .
2, 439, 796
Connecticut
Delaware
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938
1937 _.
1936
1935
1934 .__
1933
1932
1931
1930
167, 869
132, 395
145, 363
121, 805
100, 898
91, 352
81, 850
86, 308
65, 306
74, 821
$527, 467, 309
409, 629, 026
484, 984, 394
439, 105, 953
340, 303, 213
288. 693, 183
257, 310, 810
274, 908,669
309, 351, 262
400, 674, 216
$27, 683, 915
20, 903, 630
34, 890, 703
35, 982, 854
17, 227, 337
12, 325, 678
8, 691, 835
8, 155, 965
6, 067, 228
11,435,656
20, 658
17, 061
16, 836
13, 739
11,371
10, 620
9,910
9,822
8,284
9,342
$118, 686, 148
85, 394, 790
104,341,692
96, 694, 780
64, 759, 925
55, 073, 452
45, 536, 527
46, 026. 220
51.044,537
64, 913, 288
$28, 063, 602
14, 338, 660
25,218,817
25, 538, 755
11,401,715
9, 312, 466
5, 042, 284
4, 396, 328
2, 283, 901
3, 927, 732
For footnotes, see pp. 240-241.
STATISTICS OF INCOME, PART 1
203
Table 9-A. — Individual returns with net income and returns for estates and trusts
with net income, 1939-1930, hy States and Territories: number of returns, net
income, and total tax '"^ — Continued
District of Columbia
Florida
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
115,081
113,869
110,658
106, 863
95, 271
82,871
69, 967
73, 501
51,920
51,044
$346, 904, 594
321, 127, 649
329, 915, 913
327, 467, 666
268, 667, 106
234, 925. 250
192, 795, 436
213, 475, 879
200. 628, 347
217, 558, 448
$10,655,301
9, 696, 058
11,629,939
13, 290, 899
7. 175, 849
5, 653. 864
4, 625, 042
5, 115. 177
2, 974, 707
4, 200. 940
71,514
56, 401
52, 417
44, 048
38, 021
32, 550
28, 775
29, 303
25, 340
28, 133
$264,894,771
218.938,342
234, 630, 523
197, 705. 207
144. 693. 408
112,102.614
84.718.099
88, 451, 612
105, 215, 176
126, 910, 394
$17,521,019
16, 004, 888
21. 286, 514
18, 608, 221
8, 933, 457
5. 597. 287
2, 671, 623
2, 557, 631
2, 219, 520
2, 840, 391
1938
1937
1936
1935
1934
1933
1932
1931
1930
Georgia
Hawaii
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
69, 914
58, 309
56,768
49, 512
U, 102
38, 137
32, 229
31, 730
25, 729
28, 996
$237, 106, 692
194, 543, 384
205, 053, 443
181, 626, 423
150, 963, 172
122, 612. 284
94, 892. 882
92,882.516
102. 907, 022
128.081,049
$8, 580, 794
6, 903, 764
8. 370, 285
8. 478, 922
4. 149. 454
3. 104. 301
2, 062. 780
1, 692, 089
996, 756
1, 659, 244
22, 873
19, 048
17, 394
15, 214
13, 262
11,252
10, 835
12, 192
7,328
7,869
$73, 190, 340
62, 683, 790
64, 824, 869
58, 737, 567
46, 901, 822
37, 515, 719
34, 357, 940
37, 277, 185
33, 869, 092
37, 245, 940
$2, 591, 262
1938
1937 - - -
193^
4 408 90'^
1935 . . . . _
2, 396, 253
1 563 069
1934 - . ...
1933 -
1 140 546
1932
1 101 535
1931.
1930
815,673
972, 216
Idaho
Illinois
"iear
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
16,917
13, 245
15,683
14,201
11,005
8,932
6,072
5,788
5, 684
7,852
$41,982,669
34,271.316
43. 335. 468
41, 692. 504
29,803.013
23. 636. 891
14.582,154
13, 688, 578
18.350.071
27. 757, 374
$623, 249
442. 079
693. 336
752. 433
351, 103
281,770
130, 027
97. 113
46. 045
128. 290
614,599
498,614
505, 050
418.303
345. 857
310. 456
282, 360
286, 888
270, 759
327, 631
$1,988,296,321
1,626,760,418
1,804,785,237
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
$81,395,696
69 736 533
1938 .
1937.... .- --
103 228 427
1936
102, 035, 920
51, 1.34, 158
40, 398, 845
28, 596, 559
23,914,230
22, 502, 123
43, 703, 471
1935....
1934
1933
1932
1931
1930
Indiana
Iowa
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939 -
156, 404
122,018
132,218
103, 303
82, 436
69, 623
61, 675
63, 722
54,534
65, 679
$448. 824. 356
344, 430, 5,'-0
401,914,365
332,021,225
245,979,617
198,442,9*^5
161,600,241
168, 607, 693
204, 130, 790
280,940,214
$14,781,662
10, 242, 508
15,705,078
15,648,048
8, 487, 456
6,881,939
3, 965, 454
3,311,606
2, 540, 943
5, 109, 577
95, 830
75,514
72, 359
67, 345
57, 788
47, 871
40, 329
42, 624
29, 850
39,917
$241,287,424
191,016.764
196.770.959
184.118.458
148.525.910
119.454.155
96. 835. 681
109.841.833
119.218.130
174.965,757
$4, 695, 424
1938
3, 497, 739
1937 -
4, 886, 074
1936
4, 840, 561
1935- -.- --
2, 790, 513
1934
1933 .
2, 005, 786
1,441,695
1932
1931
1930
1,403,991
1,137,299
2, 355, 567
For footnotes, see p. 241.
204
SfTATISnoa OF INCOME, PART 1
Table ^-K.— Individual returns with net income and returns for estates and trusts
with net income, 19S9-1930, by States and Territories: number of returns, net
income, and total tax ^^ — Continued
Kansas
Kentucky
Year
Number of
returns
Net
Income
Total
tax
Number of
returns
Net
income
Total
tax
1939--
1938
1937
1936 -
60, 627
52, 027
53, 182
47, 374
39, 492
35, 600
30, 738
29, 643
27, 495
32, 660
$157,366,483
133, 805, 279
154,317,290
145,617,405
111,401,165
91,867,863
71,777,244
73, 547, 043
91,616,462
127, 629, 176
$2, 962, 121
2, 057, 6r,0
4,051,195
3, 944, 002
2,041,689
1,499,250
1,018,001
1,223,811
880,318
1, 480, 343
64, 748
53, 701
51, 192
45, 189
39, 763
35, 353
32, 332
32, 454
26, 991
31,021
$185,600,615
159,635,556
168,058,619
157,007,367
125,101,178
107,389,715
90, 753, 614
89, 484, 542
103, 279, 556
135, 098, 479
$4,904,542
4, 529, 952
5, 723, 251
6, 581, 929
1935..
3, 742, 279
1934
2, 726, 762
1933 - --
2, 024, 772
1932 _
1,554,630
1931
1930
1,012,557
1,926,048
Louisiana
Maine
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939- _.
1938
1937
1936
1935
70, 752
59, 127
54, 519
43, 728
40, 123
36, 871
33, 094
33, 974
28, 934
32, 979
$228, 245, 691
192, 257, 708
191,658,737
160,054,669
122, 582, 017
106,168,279
86, 809, 253
92, 164, 323
107,673,824
138, 836, 043
$7, 304, 222
6,512,924
8,172,372
8,394,930
3, 065, 551
2, 296, 812
1,497,560
1,423,510
891,912
1,599,639
32, 296
27, 001
28, 123
25, 057
21,826
20, 584
19, 435
20, 867
16,218
17, 829
$96, 704, 495
97,911,961
95, 105, 166
88, 859, 221
69, 455, 451
63, 204, 584
55,819,385
62,981,334
74,771,180
90, 690, 507
$3. 669, 831
8, 058, 579
5, 222, 014
5, 181,2S3
2, 567, 514
1934
1933
1932._
1931
1930
2, 207, 930
1,865,414
1, 597, 284
1,527,436
1,827,849
Maryland
Massachusetts
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938
1937
161,367
135, 800
133, 183
105, 673
92, 550
84, 395
76, 409
83, 223
60,898
68,426
$516, 644, 083
423, 887, 924
457,051,802
391,588,573
316,888,322
282,624,171
244,613,015
265,618,871
277, 129, 170
354, 627, 248
$18,564,806
15, 225, 066
21, 500, 438
21,594,419
12,013,217
11,040,490
8,488,451
7, 978, 435
5, 528, 213
9, 796, 084
378, 791
302, 590
314,390
284, 320
257, 495
242, 728
231,960
249, 766
193, 504
202, 253
$1,141,825,236
868,958,070
1,053,822,664
988, 603, 808
825, 327, 457
737, 044, 841
082, 666, 696
735, 390, 899
800,923,153
1, 010, 333, 740
$42,412,146
28, 746, 229
52, 381, 623
1936 -.
58,876,192
1935
31,804,163
1934
24, 624, 216
1933
1932 ....
19,763,997
15,619,149
1931
12, 380, 194
1930
26, 509, 775
Michigan
Minnesota
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938
374, 013
275, 425
308, 486
239, 363
173,799
139, 329
112,053
127,515
119,623
147,364
$1,046,908,614
807, 129, 521
984, 735, 767
862, 577, 726
568, 269, 799
418,569,373
293,131,080
349, 800, 109
481,017,650
668,391,038
$40, 142, 387
29,511,649
51,434,533
60, 302, 647
28,319,046
14, 866, 008
6, 660, 804
8,3£0,3I6
11, 028,0' 8
17,479,145
131,798
108,506
107.560
86, 294
72, 258
67, 297
59, 803
61,810
52, 853
57, 539
$364, 387, 683
299,991,730
321,717,314
296, 978, 853
222,817,905
196, 345, 236
163,750,734
173,772,099
213,530,771
266, 572, 313
$11,121,493
8, 870, 398
1937
1936 --
11,908,597
13, 676, 938
1935
6, 672, 968
1934-.
1933
5, 257, 595
3,817,982
1932
1931
3,477,895
2, 445, 441
1930 -
4, 744, 380
For footnotes, see p. 241.
STATISTICS OF INCOME^ PART 1
205
Table 9-A. — Individual returns with net income and returns for estates and trusts
with net income, 1939-1930, by States and Territories: number of returns, net
income, and total tax ^^ — Continued
Mississippi
Missouri
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939 . -
24, 269
19, 881
17, 823
16, 296
13, 570
12, 507
10, 868
10, 548
9,888
12, 147
$73, 095, 660
57, 872, 070
55, 867, 577
54, 516, 977
36, 878, 747
32, 578, 332
24, 020, 766
21,584,610
27, 146, 285
40, 556, 389
$1, 547, 500
1, 138, 139
1, 542, 247
1, 740, 121
870, 027
479, 717
271, 063
133, 566
87,221
251,781
168, 793
144, 996
145, 457
130, 521
110, 370
98, 125
93, 308
95, 808
80, 356
85, 507
$525, 689, 002
452, 816, 402
491, 815, 453
462, 884, 942
358, 068, 146
306, 041, 392
271, 748, 278
290, 701, 858
331, 482, 726
419, 648, 187
$20, 422, 602
18, 766, 176
23, 083, 037
24, 210, 538
12, 426, 233
9, 353, 651
6, 848, 926
6, 874, 748
4, 747, 522
8, 750, 374
1938
1937
1936
1935
1934
1933 .
1932
1931
1930 __
Montana
Nebraska
Year
Number of
returns
Net
income
. Total
tax
Number of
returns
Net
income
Total
tax
1939
36, 277
28, 037
30, 468
23, 916
19, 924
16, 825
11,511
10, 087
9,722
11, 635
$94, 462, 635
71, 826, 749
79, 583, 027
68, 787, 896
56,719,731
46, 594, 430
29, 877, 422
28, 221, 605
34, 667, 097
45, 495, 235
$1, 456, 442
1,019,928
1, 228, 334
1, 410, 820
981, 165
636, 102
403, 887
496, 685
209, 809
461, 295
47, 610
39, 393
40, 629
36, 887
31, 253
26, 781
24, 939
25, 503
23, 940
27, 271
$134, 125, 986
111,243,317
120, 277, 461
115,137,721
93,113,326
77, 256, 225
65, 022, 543
66, 007, 036
86, 120, 131
113,934,843
$2,711,426
2, 328, 080
2,951,028
3, 222, 455
1, 795, 640
1,438,974
1938
1937 .-
1936
1935
1934
1933
1932
970, 563
723 426
1931
1930
1,381,310
Nevada
New Hampshire
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
11,089
8.987
8,944
7,554
6,441
5,321
3,692
4,102
3, 431
4,006
$34, 247, 513
28, 129, 319
31, 635, 125
27, 045, 172
20,681,384
15, 236, 981
9,772,417
10, 867, 743
14, 041, 657
16, 688, 195
$1, 927, 659
1,718,719
2, 439, 872
2, 226, 219
1, 363, 651
528, 009
380, 800
362, 378
349, 026
472, 636
26, 010
21,118
21,641
19, 664
17, 687
16, 785
15, 458
15, 738
12, 477
13,927
$73, 902, 180
59, 704, 177
68, 046, 171
62, 819, 698
51, 553, 939
48, 267, 423
41, 555, 501
43, 854, 575
49, 243, 306
60, 014, 739
$2, 625, 513
1, 855, 212
3, 230, 495
3, 059, 299
1 435 182
1938
1937
1936
1935
1934
1 34S 4Q9
1933
833 674
1932
746, 847
563, 289
952, C64
1931 -.
1930
New Jersey
New Mexico
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
.388, 932
302, 957
297, 053
260, 328
223, 489
210, 683
202, 190
217,812
178, 754
187, 943
$1, 185, 305, 336
928, 770, 742
1, 001, 637, 297
928, 153, 400
737, 154, 952
686, 065, 373
618, 361, 894
689, 687, 207
785, 764, 184
956, 732, 849
$47, 478, 736
36, 805, 520
51,563,673
54, 395, 019
34, 603, 809
29,121,247
23,002,182
22, 079, 975
13,971,251
23, 219, 240
17, 178
13, 726
13, 596
11,222
9,272
7,647
5,577
5,574
5,389
6,288
$49, 685, 489
39, 485, 826
42, 469, 435
34, 952, 886
25, 399, 852
20, 107, 880
14, 268, 551
14, 666, 467
18, 231. 469
24, 970, 971
$1, 360, 595
399 246
1938 -
1937
1936
1,141,400
799 507
1935
364 772
1934
277 567
1933
165,971
178, 605
117 336
1932
1931
1930
222, 459
For footnotes, see p. 241.
206
STATISTICS OT ITsTCOME, PART 1
Table 9-A. — Individual returns with net income and returns for estates and trusts
with net income, 1939-1930, by States and Territories: number of returns, net
income, and total tax^^ — Continued
New York
North Carolina
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939 _
1, 294, 244
1, 065, 103
1,,070, 628
976, 939
852, 076
807, 818
748. 054
798, 685
634. 057
711.566
$4, 226, 671, 066
3,426,113,310
3, 875, 605, 654
3, 864, 452, 725
3, 106, 263, 965
2,811,720,784
2, 598, 890, 660
2. 764, 354, 206
3,108,633.729
4, 189, 130, 106
5215, 922, 746
186, 356, 667
296, 063, 388
348,687,146
202.971,449
166, 789, 731
137,414,061
109, 593, 059
77, 975, 788
163, 508, 893
61,019
50, 481
48, 645
42,075
35,813
32, 305
29, 462
25, 972
22, 625
25, 216
$193,275,116
163,558,414
175, 495, 057
156,362,462
124, 880, 237
112,913,710
91,673,065
76, 989, 708
88, 042, 580
103,624,484
$9, 162, 604
1938 -
7, 773, 586
1937 ..
10, 582, 369
19.36 -
10, 499, 380
1935 --
6,419,410
1934 _. -- -
6,281,451
1933 .-
4, 121, 232
1932
4,017,702
1931
2, 030, 396
1930 ---
2, 426, 562
North Dakota
Ohio
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
13, 958
11,457
11,408
10,809
10, 039
9. 733
8,359
8,889
7,013
8,262
$32. 695. 345
27, 446, 660
28,351,977
26, 705. 284
23, 077, 405
22,351,926
16, 799, 800
18, 182, 308
18, 469, 626
24, 476, 992
$342, 058
280, 185
358, 874
352, 260
191,412
183,955
115,100
110.561
42, 519
86, 704
442, 048
345, 903
384, 077
308, 789
246, 888
209, 589
181,212
188, 141
164, 809
199, 600
$1,315,131,522
1,013,71.3,152
1,228,084,9.56
1,078,986,270
766, 528, 630
631, 348, 370
511,694,014
556, 313, 005
689, 352, 135
950, 397, 134
$48,737,911
36, 374, 856
1937 --
59, 702, 803
58, 476, 868
1935 ._
28, 981, 842
19,761,006
1933
13, 237, 425
12, 296, 627
1931
9, 742, 860
21,879,272
Oklahoma
Oregon
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938
65, 009
56, 083
55, 323
51, 277
44, 909
39, 279
33, 224
31, 832
28, 242
32, 526
$188, 767, 262
170,403,396
190, 524, 308
170, 786, 455
139, 147, 683
120, 030, 049
89, 908, 905
83, 367, 347
93, 593, 901
157,410,693
$4, 886, 474
5, 267, 186
8, 265, 541
6, 632. 281
3. 433. 003
3.416,992
1, 608, 377
1, 203, 868
861, 871
3,416,992
66, 478
53, 807
51,802
37, 778
33, 273
27, 253
27, 572
25, 845
20, 181
26, 047
$169, 617, 500
135, 376, 385
144, 034, 458
118,060,934
91,305,901
71,076,619
66, 190, 038
60,519,751
73, 154, 659
106, 076, 107
$3, 252, 522
2, 423, 702
1937
3, 251, 763
1936
3, 213, 027
1935
1, 625, 697
1934
1933 -
1, 084, 638
795, 893
1932
670, 442
1931
474, 055
1930
1,073,686
Year
1939
1938
1937
1936
1935
1934
1933
1932
1931
1930
Pennsylvania
Number of
returns
633,
505,
576,
470,
389,
342,
323,
334.
267,
322,
Net
income
$1,858,299,
1,562,159,
1,892,696,
1,604,324,
1, 273. 383,
1, 067, 788,
970, 250,
1,023,234,
1, 193, 400,
1, 020, 314,
Total
tax
926, 395
253,811
339, 290
979, 166
052, 818
423, 725
872, 779
904, 410
854, 558
825, 528
Rhode Island
Number of
returns
51,297
41, 590
43, 273
38, 424
33, 009
31, 235
29, 489
30, 581
22, 375
23, 862
Net
income
$156,470,599
122, 134, 507
151,295,024
141,967,609
113,640,801
104, 193. 731
92. 589. 659
101.863.121
111.159,397
136, 571, 363
Total
tax
$7, 524, 150
5,012,419
10, 066, 754
10, 755, 927
6, 002, 036
5, 232, 124
3, 452, 803
3, 839, 178
2, 598, 619
4,114,526
For footnotes, sec p. 241.
STATISTICS OF INCOME, PART 1
207
Table 9-A. — Individual returns inth net income and returns j or estates and trusts
with net income, 1939-1930, by States and Territories: number of returns, net
income, and total tax'^^ — Continued
South Carolina
South Dakota
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938 - - --- -
29, 709
24, 097
23, 316
19, 975
16, 826
14, 937
12, 686
11,902
10, 536
12,179
$83, 913, 503
67, 056, 883
70, 917. 003
61, 786, 752
47, 010, 243
41, 023, 968
32. 131, 067
29, 080, 658
33,858,781
42, 714, 132
$1,855,174
1,315,342
2,001,311
1, 653, 997
802, 720
735,471
450, 922
312,924
197, 943
304, 596
14, 526
11,801
11.328
10, 724
9,582
8, 302
7,555
8,356
7,387
9,449
$34, 284, 574
28, 073, 557
27, 870, 379
27, 755, 966
24, 693, 550
20,105,511
16, 519, 323
17,956,077
22, 130, 693
31, 453, 988
$483, 109
331, 776
1937
377, 107
1936
1935
431, 114
345, 333
1934
1933
225, 380
188, 033
1932
137, 503
1931
1930 -
105, 602
178, 379
Tennessee
Texas
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
1938
71, 606
58, 132
58, 598
48,048
42, 341
37, 938
33, 464
31,543
28,117
32,682
$229, 797, 922
186, 396, 193
195, 529. 330
173.317.393
135. 557, 076
115,788,720
93, 395. 213
88, 515, 162
107, 251, 482
140, 422, 521
$8, 193, 196
6, 637, 134
7, 567, 645
7, 342, 668
3, 937, 433
3, 596, 105
1,987,598
1,699,381
1,413,609
1, 955, 201
237, 742
206, 210
196,415
156. 855
131,447
118,930
105, 950
102, 966
89, 158
105, 058
$753, 069, 713
691, 247, 447
725, 591, 822
569. 444, 419
439, 162, 9.58
366. 713, 839
299, 577, 627
279, 533, 040
333, 673, 467
448, 849, 717
$24, 570, 598
28, 144, 104
1937
33, 918, 378
1936
27, 265, 553
1935
19,498,410
1934 ,
11,312,971
1933
7, 160, 953
1932
1931
5, 743, 888
4,634,359
1930
8,633,146
Utah
Vermont
Year
Number of
Net
Total
Number of
Net
Total
returns
mcome
tax
returns
mcome
tax
1939 _._
23, 573
$63, 010, 259
$1,180,014
15, 893
$44, 833, 737
$1,264,806
1938
19, 278
53, 219, 070
1,059,037
13,683
36, 660, 627
777, 312
1937
19, 892
59, 614, 157
1, 619, 567
13, 874
40,647,118
1,231,377
1936
16, 262
50, 926, 789
1, 458, 140
12, 193
37. 146, 202
1, 195, 886
1935
14,088
39, 902, 816
686, 084
10,903
30, 293, 579
503, 958
1934
11,458
32, 016, 329
468, 653
9,824
26, 565, 697
435, 666
1933
10, 807
26, 933, 168
349, 519
9,375
23, 937, 326
339, 220
1932
10, 624
5« 27, 180, 193
366, 273
10, 439
27, 542, 982
406, 645
1931
9,785
31, 863, 657
196, 095
7,803
29, 853, 410
264, 753
1930
11, 777
45, 369, 199
447, 953
8,635
39, 259, 341
626, 874
Virginia
Washington
Year
Number of
Net
Total
Number of
Net
Total
returns
mcome
tax
returns
income
tax
1939
90.413
$286, 121. 4«1
$11,040,284
126, 577
$323, 346, 938
$6, 357, 209
1938 _._
72, 625
228, 428, 434
7, 828, 571
55 106, 982
55 276, 900, 100
55 5, 167, 854
1937
71, 645
245, 434, 150
12, 378, 744
55 104, 386
55 295, 685, 148
55 8, 315, 210
1936
62, 449
218, 974, 309
11,790,832
55 88, 640
55 259, 649, 969
55 7, 875, 628
1935.
54, 835
171, 203, 815
5, 268, 764
55 69, 919
55 197, 923, 584
55 3, 868, 053
1934
47,814
139, 932, 355
3, 665, 810
55 60, 151
55 153, 639, 087
55 2,551,738
1933.. _
42, 920
117,634,811
2, 399, 380
55 54, 539
55 131, 639, 579
55 1, 646, 568
1932
43, 136
34, 689
37,915
122, 228, 476
129, 365. 027
156, 272, 484
2, 220, 452
1, 323, 722
2, 050, 554
55 56, 434
55 51, 781
55 63, 129
55 133, 697, 243
65 174, 858, 452
55 238, 857, 983
55 1, 557, 558
1931
55 1, 238, 044
1930
55 2, 750, 143
For footnotes, see p. 241.
208
S/TATlSnOS OF INCOME, PART 1
Table 9-A. — Individual returns with net income and returns for estates and trusts
with net income, 1939-1930, by States and Territories: number of returns, net
income, and total tax ^^ — Continued
West Virginia
Wisconsin
Year
Number of
returns
Net
income
Total
tax
Number of
returns
Net
income
Total
tax
1939
67, 914
54, 014
59, 323
47, 527
37, 224
30, 297
25, 837
26, 872
22, 118
27, 130
$183, 744, 030
146, 991, 478
173, 671, 357
145, 745, 636
106, 920, 022
87, 992, 253
69, 425, 751
73, 659, 579
80, 333, 944
110,726,146
$4, 060, 827
3,481,769
5, 203, 949
5, 160, 000
2, 276, 187
1, 674, 942
1, 107, 746
928, 480
515,600
1, 238, 711
175, 523
147, 609
151, 820
124, 202
105, 785
92, 826
89, 739
91,557
84, 681
95, 366
$443, 387, 838
355, 240, 809
403, 656, 499
338,951,189
258, 590, 449
217, 350, 901
184, 154, 155
203, 833, 124
251, 988, 008
357, 657, 240
$11,533,017
1938
9. 033, 882
1937 - ---
13, 592, 844
1936 - --
13,615,062
1935 - -• - -.
5, 577, 366
1934
5, 009, 731
1933
3, 106, 227
1932
3, 222, 425
1931
2, 438, 474
1930
5, 892, 638
Year
Wyoming
Number of
returns
Net
income
Total
tax
1939
13, 735
11,769
12, 247
10, 702
8,739
7,182
6,603
6,796
5,891
6,809
$38, 025, 545
31, 563, 520
35, 287, 480
30, 326, 918
23, 703, 202
19, 035, 620
16, 095, 689
16, 189, 839
18, 176, 553
22, 979, 517
$1,161,482
1938 -
476, 480
1, 061, 482
1936
1, 128, 801
646, 357
19.34
583, 601
1933
452, 240
1932 - - ---
143, 717
1931 . ...
65, 346
1930 . ...
141, 440
For footnotes, see p. 241.
BASIC TABLES 10-13
FIDUCIARY INCOME TAX RETURNS WITH NET
INCOME AND WITH NO NET INCOME
209
210
STATisrnos O'f espoome, part 1
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(col. 12
-6)
(14)
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(col. 12
(13)
Alterna-
tive tax
(col. 10+
11+30%
of col. 7)
(item 12,
Sch. E,
Form 1041)
(12)
Surtax
(item 9,
Sch. E,
Form
1041)
(11)
Normal
tax (item
8, Sch.E,
Form
1041)
(10)
Personal
exemp-
tion 5
(9)
Ordinary
net income
(col. 6-7)
(item 3,
Sch. E,
Form 1041)
(8)
Net long-
term capi-
tal gain
(item 7(b),
p. 1, Form
1041)
(7)
Net in-
come'
(6)
Number
of
returns
(5)
Alterna-
tive tax
(col. 12+22)
(4)
Net in-
come'
(col. 6+16)
(3)
Number
of
returns
(col. 5+
15)
(3)
Net income ' classes
(Thousands of dollars)
(1)
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STATISTICS OF INCOME^ PART 1
215
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STATIST! CIS 0¥ INC'OME, PART 1
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STATISTICS OF INCOME, PART 1
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218
srrATiiSTicis of inioome, part 1
Table 11. — Fiduciary returns ^^ with net income,'^ by net income classes, also aggre
of returns ^^ and amount for each specific source of income and deductions, balance
[For text defining certain items and describing meth
[Net income classes and money
Net income ^ classes
(1)
Returns with net income 3:
Under 1 s?
Under 1
1 under 257
1 under 2
2 under 2.5"
2under2.5
2.5 under 3 5'
2.5 under 3--__ -.
3 under 4 "
3 under 4
4 under 5 "
4 under 5
5 under 6 s?
5 under 6..
6under 7
7 under 8
8 under 9
9under 10
lOunder 11
11 under 12
12under 13
13 under 14
14 under 15
15under20. --
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1„500 under 2,000
2,00(1 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns ".
Taxable returns '^
Sources of income
Total
number
of
returns
(3)
Total, fiduciary returns with net
income
Nontaxable fiduciary returns with no net
income ^s
Grand total.
26, 141
27, 702
360
12, 826
31
3,506
11
2,552
23
3,453
6
2,391
2
1,669
1,259
977
827
655
510
453
408
307
258
987
576
378
412
248
143
74
61
46
38
87
30
8
11
10
7
5
4
1
Dividends from do-
mestic and foreign
corporations ^o
Number of
returns
(3)
26, 574
62, 879
89, 453
123, 887
213, 340
16, 513
19,292
217
9,481
13
2,716
6
2,046
16
2,769
4
1,970
2
1,359
1,061
839
714
560
443
399
371
277
233
905
516
343
374
232
132
70
60
45
36
84
30
8
11
10
7
5
4
1
(4)
16, 771
47, 403
64, 174
79, 184
32,113
54, 315
259
27, 721
12
10, 464
4
8,010
51
13,516
2
10, 284
84
8,947
7,338
6,590
6,495
5, 261
5,228
5,690
4,711
4,127
3,714
29, 187
12, 575
9,461
12, 558
10, 733
8, 667
4,421
4,549
3,416
4,304
11, 577
5,187
1,709
3,512
2, 639
4,620
2,497
2,046
5,361
Ta.xable interest
Bank deposits, notes,
mortgages, corpora-
tion bonds 2'
Number of
returns 36
(5)
32, 525
321,431
353, 956
393, 068
1
1,167
872
719
590
447
382
321
302
211
204
695
431
276
308
189
106
46
48
26
22
63
23
5
8
6
3
3
4
36 1
' 7, 477
' 7, 478
84, 660
747, 024 36 92, 138
Amount
(G)
38 23, 940
38 42, 158
38 584
38 16, 491
38 104
38 5, 648
38 38
38 3, 626
38 148
38 5, 532
38 33
38 4,113
(19)
2,824
2,245
1,860
1,458
1,294
1,196
1,062
887
662
744
2,945
1,777
1,316
1,813
945
804
306
361
128
154
321
327
16
68
207
3
5
38
24, 847
103, 333
128, 180
158, 255
286, 435
For footnotes, see pp. 240-242.
STATISTICS OF INCOME, PART 1
219
gate for fiduciary returns with no net income, 19S9: total number of returns, number
income,^° amount distributable to beneficiaries, and net income taxable to fiduciary
ods of tabulating data, see pp. 2-6 and 50-54]
figures in thousands of dollars]
Sources of income — Continued
Taxable interest-
Continued
Partnership profit 2
Income from fidu-
ciaries 21
Rents and royalties
Business profit
Partially tax-
exempt Govern-
ment
obliga-
tions «
Number
Number
Number
Number
of
Amount
of
Amount
of
Amount
of
returns 38
returns
returns 36
returns 36
Number
of
Amount
returns "
(7)
(8)
• (9)
(10)
(11)
(13)
(13)
(14)
(15)
(16)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(39)
(3.)
(39)
(39)
12
330
680
91
20
395
1,333
1,088
12
843
(19)
485
1
319
21
562
1
427
1
468
10, 342
8,863
175
7,018
9
2,578
1
1,767
19
3,052
2
2,129
1
1,913
1,275
222
43
1,196
164
481
(19)
378
197
3
322
959
487
743
2
395
1
126
1
453
53
282
100
591
303
411
36
154
80
287
340
1,530
59
331
245
317
39
251
69
283
233
1,092
34
285
221
236
17
132
57
501
203
1,231
49
350
157
190
34
211
48
293
174
1,156
32
303
130
180
29
181
28
164
136
974
26
327
112
148
23
227
29
191
99
586
17
117
120
165
15
149
22
167
99
819
14
112
75
95
12
128
18
155
84
801
10
151
82
118
12
130
18
150
69
457
7
83
264
847
34
389
57
697
214
1,596
26
316
163
299
20
369
39
370
156
1,467
24
543
101
239
15
580
43
794
76
886
9
312
122
489
11
157
35
808
91
637
16
539
73
161
17
350
19
450
55
650
11
230
43
257
5
188
10
372
27
702
2
79
18
101
3
145
9
224
21
506
3
130
20
88
8
254
3
99
13
274
4
68
14
43
5
336
1
85
9
43
2
163
4
47
3
239
8
59
1
1
22
44
2
(19)
8
442
18
548
4
303
4
3
1
2
2
3
(19)
3
2
2
18
122
6
85
1
4
4
2
2
88
1
283
2
1
3
22
11
5
2
17
36 2
12
(36)
703
36 1
1,370
36 1
10, 549
(36)
1,318
3« 2, 696
4,832
36 391
6,271
36 726
11, 103
39 2, 596
43,546
36 451
9,594
36 2, 698
4,844
38 391
6,974
36 727
12, 473
36 2, 597
54, 095
36 451
10, 911
28, 427
14, 018
1,641
5,434
4,468
13,422
35,124
117, 116
2,212
9,767
3« 31, 125
18, 862
36 2, 032
12, 407
36 5, 195
25, 894
36 37, 721
171,211
36 2, 663
20,679
437826 — 42-
-15
220
SITATISinClS OF INCOME,, PART 1
Table 11.- — Fiduciary returns ^^ with net income,^ by net income classes, also
of returns ^^ and amount for each specific source of income and deductions, ha 'iit^e
Continued
[Net income classes and m' '^ley
Sources o
income— Continued
Capital gain "
Net income ^ classes
Short-term 26
Net short-term cap-
ital gain included in
col. 28 27
Prior year net short-
term capital loss de-
ducted 28
Net short-
term cap-
ital gain
before de-
ducting
col. 29 2«
(col.
18+20)
(31)
(1)
Number of
returns 38
(17)
Amount
(col.
21-20)
(18)
Number of
returns 38
(19)
Amount
(30)
Betums with net income: '
Under 1 "
634
1,233
24
1,660
1
733
(19)
759
(16)
1,198
31
126
665
1,358
24
1,752
1
766
('»)
796
(")
1,252
Under 1
92
2 under 2 5 5'
33
2 5 under 3 " -- -
38
.64
974
41
1,015
5under6" ---
402
307
275
256
182
142
120
128
89
77
277
159
136
146
87
52
19
24
16
13
24
9
4
5
5
2
2
2
862
759
690
659
515
537
405
513
367
341
1,384
1,172
1,020
1,346
790
748
224
548
275
493
636
592
77
194
868
824
828
20
32
30
21
30
10
9
19
9
6
10
26
18
15
16
8
4
3
4
2
45
37
40
40
17
9
32
20
8
23
49
32
110
26
51
3
3
2
1
907
796
729
699
532
546
437
532
376
364
1,433
1.204
1,129
1,373
841
752
228
550
277
493
638
593
77
204
868
824
828
20
6 under 7
8 under 9..
9 under 10
lOunderll
11 under 12 -
12 under 13
13 under 14
14 under 15 -
15 under 20
20 under 25 .-
25 under 30.
30 under 40 .
40 under 50 .. - .. .-
50under60 -
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
1
2
150 under 200
200 under 250 ..
250 under 300.
3
10
400 under 500
750 under 1,000
1,000 under 1,500
1,500 under 2,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns *^ .
(36)
36 2, 960
660
24,247
(36)
36 276
31
943
690
25, 190
Taxable returns 82
Total, fiduciary returns with net
income ... _
36 2, 960
24,906
36 276
974
25, 880
Nontaxable fiduciary returns with no net
income 56._.
6,887
7,425
251
289
7,714
Grand total... ...
38 9, 847
32, 331
38 527
1,263
33, 594
L For footnotes, see pp. 24C-242.
STATISTICS OF INCOME, PART 1
221
gate for fiduciary returns with no net income, 1939: total number of relurtl'i, number
income,^'^ amount distributable to beneficiaries, and net income taxable to fiduciary —
figures in thousands of dollars]
Sources of income— Continued
Deductions
Capital gain 2»—
Continued
Net gain from
sale of property
other than cap-
ital assets 31
Other income
Total
income
(28)
Partnership loss 23
Business loss
Net long^erm
capital gain so
Number
of re-
turns 36
(26)
Amount
(27)
Num-
ber of
re-
turns 36
(29)
Amount
(30)
Num-
ber of
re-
turns 36
(31)
Number
of re-
turns 36
(23)
Amount
(23)
Number
of re-
turns 36
(24)
Amount
(25)
Amount
(32)
812
4,565
41
3,621
1
1,420
(19)
1,199
- 3
1,921
6
1,422
100
131
20
169
1,246
533
39
877
1
209
1
259
14
407
1
284
(19)
398
202
135
139
120
71
153
159
82
69
325
278
185
82
94
229
44
52
14
3
129
4
1
72, 474
113,199
1,218
59, 991
128
22, 255
46
16,578
260
27,544
44
20, 952
98
17,979
14, 478
12, 550
12, 272
10, 352
9,704
9,447
8,337
7,128
6,324
40, 145
20,673
16, 065
20, 723
15,866
13,417
6,706
7,196
4,888
5,686
15, 922
7,428
2,045
4,327
4,794
6,441
3,526
4,205
5,361
43
13
2
27
(19)
3
147
10
3
63
73
27
(19)
64
15
1
20
21
74
(19)
89
36
11
18
2
218
166
127
109
82
63
60
54
36
44
124
86
46
49
37
29
11
11
6
3
6
4
1
519
383
307
274
224
165
152
104
95
86
340
198
127
156
89
62
21
32
11
11
36
15
3
3
6
5
2
3
1,304
1,179
1,006
1,046
942
823
822
604
552
515
2, 370
1,773
1,254
2,290
1,462
1,371
597
902
386
386
1,890
1,212
116
547
683
968
167
2,092
34
20
16
12
21
8
12
9
5
7
21
11
4
6
5
1
2
2
60
43
42
26
67
22
45
53
9
4
89
50
19
4
1
(19) _
(19) '
6
4
6
5
2
2
5
1
2
1
6
3
2
4
3
1
2
1
1
3
26
4
4
4
3
9
(")
7
2
11
6
(19)
1
6
(19)
22
3
1
12
6
10
7
2
10
7
4
3
3
15
11
3
8
3
1
49
8
11
15
8
40
11
12
24
7
44
47
1
32
4
4
3
7
1
1
1
29
1
4
1
4
3
7
12
3
1
5
2
1
2
1
18
5
1
1
1
6
1
3
1
367
'
1
(36)
36 3, 429
863
43, 405
(36)
36 200
120
1,181
36 2
36 1,378
1.302
5,560
74, 268
574, 502
(36)
36 61
46
578
(36)
36 115
151
524
36 3, 429
44, 268
36 200
1,301
36 1, 380
6,862
648, 770
36 61
624
36 115
675
10,254
36 13, 683
9,580
805
1,192
11, 270
13, 788
743, 066
666
1,277
2,002
5,716
63, 847
36 1, 005
2,494
36 12, 650 20, 650
1, 391, 836
36 727
1,901
36 2,117
6,391
222
SiTATTSinOS O'F nSTiOOME, PART 1
Table 11. — Fiduciary returns ^6 with net income, ^ by net income classes, also aggre
of returns ^^ and amount for each specific source of income and deductions, balance
Continued
[Net income classes and money
Net income ' classes
(1)
Returns with net income: '
Under 1 s'
Under 1
1 under 2 w
1 under 2
2 under 2.5 57
2under 2.5
2.5 under 3 57
2.5 under 3
3 under 4 5' i_.
3 under 4
4 under 5 5?
4 under 5
5 under 6 5?
5 under 6
6 under 7
7 under 8
8 under9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
sounder 60
60 under 70
70 under 80
sounder 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500
1,500 under 2,000
2,000 under 3,000
3,000 under 4,000
4,000 under 5,000
5,000 and over
Nontaxable returns ".
Taxable returns '^
Total, fiduciary returns with net income.
Nontaxable fiduciary returns with no net income 5»..
Grand total
Deductions— Continued
Net long-term capital
loss 25 30
Nimiber of
returns '«
(33)
158
125
98
104
64
55
43
63
46
35
135
88
47
58
39
26
14
5
8
6
14
3
2
4
1
1
(36)
36 1, 245
38 1, 245
20, 858
39 22, 103
Amount
(34)
568
582
33
515
1
204
1
186
21
228
285
295
167
148
226
90
122
84
82
111
61
536
255
94
165
92
88
67
49
11
20
40
5
6
1
18
8
7
1,793'
625
6,642
7,266
56, 142
Net loss from sale of
property other than
capital assets 3i
Number of
returns 38
(35)
(36)
36 127
1,952
63, 409
36 2, 079
Amount
(36)
118
48
2
82
42
189
2
13
(19)
122
554
677
9,429
10, 105
For footnotes, see pp. 240-242
STATISTICS OF INCOME^ PART 1
223
gate for fiduciary returns with no net income, 1939: total number of returns, number
income ^^, amount distributable to beneficiaries, and net income taxable to fiduciary —
figures in thousands of dollars]
Deductions— Continued
Amount
Net in-
Interest paid ^3
Taxes paid 33
Other deductions 8i
Balance
distrib-
utable
to bene-
ficiaries
able to
Total de-
duc-
tions 81
income 6o
fiduciary
Number
Number
Number
(col.
44-45)
of re-
Amount
of re-
Amount
of re-
Amount
turns 36
turns 36
turns 36
(37)
(38)
(39)
(40)
(41)
(43)
(43)
(44)
(45)
(46)
2,144
4,162
6 118
13, 301
13 258
59, 174
99, 941
918
52, 984
89 193
6,190
10, 748
1 445
936
4,176
7,492
37
99
123
300
472
1,189
3,113
4,093
18
1,392
9,082
33
3,151
50, 909
96
19 105
32, 688
29
11 273
18 221
350
12
1,134
67
7,832
h 30
(19)
2
3
6
39
10
318
837
1,031
55
1,492
2,416
117
3,681
14
2,969
14, 162
7,184
64
11,920
6,978
78
11
433
30
1,283
142
23,862
29
17, 983
11,943
9
377
2
981
2
1,284
4
7,319
25
10, 663
2
1,103
1
749
1
1,039
8
1,107
9
2,614
89
15, 364
78
6.228
11
507
384
9,136
372
207
846
591
767
727
1,744
12, 734
4,588
8,146
293
276
679
462
594
591
1,495
11, 055
3,762
7,292
281
294
571
472
543
618
1,633
10, 639
3,629
7,010
216
150
427
383
426
530
1,177
9,175
2,967
6,207
184
177
343
454
331
610
1,413
8,290
2,943
5,347
154
107
325
281
300
351
847
8,600
3,405
5,195
120
150
284
287
269
402
937
7,400
2,308
5,092
116
211
212
247
198
255
859
6,269
2,130
4,139
100
131
183
. 202
192
326
732
5,592
1,856
3,737
355
592
672
971
699
1,308
3,502
36, 642
19,619
17, 023
223
458
404
781
404
1,173
2,730
17, 943
5,053
12, 890
155
259
270
429
273
594
1,379
14, 686
4,332
10, 354
177
301
315
769
286
821
2,104
18, 618
4,450
14, 168
114
313
181
383
187
599
1,399
14, 466
3,425
11,041
64
520
112
501
120
584
1,708
11, 709
3,835
7,874
37
129
58
168
60
192
578
6,128
1,376
4,752
31
167
51
257
55
196
681
6,515
1,975
4,540
19
56
31
95
36
102
266
4,623
728
3.895
15
158
29
231
32
198
610
5,076
1,484
3,592
53
174
75
423
60
806
1,464
14, 458
3,629
10,828
17
193
27
223
27
486
910
6,519
1,580
4,938
4
105
6
42
6
30
183
1,862
92
1,770
6
11
9
158
7
71
241
4,085
1,127
2,958
6
69
10
130
8
45
263
4,532
1,063
3,469
2
1
7
200
7
164
379
6,062
2,868
3,195
5
163
5
100
5
63
333
3,193
194
2,999
4
81
4
68
4
130
646
3,560
47
3,513
1
(19)
1
107
1,901
3,460
1,993
1,467
(36)
2,202
36 2
4,308
36 1
6,326
13, 780
60, 487
53, 641
6,846
38 3, 630
9,437
38 7, 240
21, 580
36 6, 936
29, 971
69,286
505, 217
252, 264
252, 952
'« 3, 630
11, 639
36 7, 242
25,889
36 6, 937
36, 297
83, 066
565, 704
305, 905
259, 799
22,229
20, 198
60, 650
42, 681
94, 566
78, 782
214, 226
63 528,840
594, 449
■2 65, 609
36 25, 859
31,837
38 67, 892
68, 570
36 101, 503
115, 080
297, 292
83 1, 094, 544
900,353
13 194, 190
224
SITATISmCS OT rNCOME, PART 1
Table 12. — Fiduciary returns ^^ with net income,^ 1939, by balance income ^^ classes
and by taxable and nontaxable returns: number of returns, sources of income and
deductions, balance income,^'* amount distributable to beneficiaries, and net income
taxable to fiduciary
[For text defining certain items and describing methods of tabulating data, see pp. 2-5 and 50-54]
[Balance income classes and money figures in thousands of dollars]
Num-
ber of
returns
(2)
Sources of income
Dividends
from
domestic
and
foreign
corpora-
tions 20
(3)
Taxable interest
Part-
ner-
ship
profit 23
(6)
Income
from
fiduci-
aries 24
(7)
Rents
and
royalties
(8)
Balance income «<•
classes
(1) .
Bank de-
posits,
notes,
mortgages,
corpora-
tion
bonds
(4)
Partially-
tax-
exempt
Govern-
ment
obliga-
tions 22
(5)
Busi-
ness
profit
(9)
Under 1 "... _
13, 882
11,605
10, 186
30, 700
1,609
9,850
605
5,947
86
1,180
141
2,338
50
798
14
374
1
59
2,904
2,599
9,543
33, 590
5,903
35, 837
5,224
48, 086
1.081
17, 081
3,457
53, 623
2,621
37, 890
1,469
43, 238
323
15, 995
3,224
2,368
10, 237
25, 645
4,141
20, 033
2,093
20, 316
499
5,178
696
12,413
136
6,124
337
2,505
451
238
1,678
2,526
594
2,309
447
2,107
86
584
158
1,891
74
1,093
4
800
252
21
192
971
86
853
47
1,360
93
334
33
804
'"i,"335'
"'""256"
286
150
368
1,788
206
1,733
144
1, 683
28
594
68
2,217
191
1,614
79
1,309
4,056
1,483
2,953
12,088
1,290
6,845
900
7,315
246
2,093
748
6,298
303
3,642
53
2,537
797
Under 1 ....
52
1 under 5"..
273
1 under 5
2,879
Sunder 10 "
125
5 under 10. ...
2,016
48
10 under 20 s?..
10 under 20 .. .
1,352
20 under 25"
20 under 25
417
25 under 50"
25 under 50
1,451
50 under 100"
sounder 100
740
100 under 250 "
75
100 under 250
404
250 under 500"
250 under 500
1,621
196
•337
10
617
283
500 under 1,000 "
500 under 1,000
22
11, 989
178
17
6
104
1,000 and over "
1,000 and over
6
21, 502
20
526
Nontaxable returns "
Taxable returns .
26, 574
62, 879
32, 525
321,431
6< 21. 364
6< 96, 403
6^ 3, 495
6< 11, 762
703
6,271
1,370
11,103
10, 549
43, 546
1,318
9,594
Total, fiduciary re-
tm-ns with net
income
89, 453
353, 956
61 117, 767
6< 15, 256
6,974
12, 473
64, 095
10,911
For footnotes, see pp. 240-242.
STATISTICS OF INCOME^ PART 1
225
Table 12. — Fiduciary returns ^^ with net income,^ 1939, by balance income ^^ classes
and by taxable and nontaxable returns: number of returns, sources of income and
deductions, balance income,^^ amount distributable to beneficiaries, and net income
taxable to fiduciary — Continued
[Balance income classes and money figures in thousands of dollars]
Sources of income— Continued
Capital gain «
Net gain
from
sale of
of prop-
erty
other
than
capital
assets 31
(14)
Other
income
(15)
Balance income 60
Short-term «
Net long-
term
capital
gain 30
(13)
classes
(1)
Net short-
term capi-
tal gain
included
in col. 16 "
(col. 12-11)
(10)
Prior year
net short-
term capi-
tal loss
deducted 28
(11)
Net short-
term capi-
tal gain
before
deducting
col. 11 29
(col. 10-f-ll)
(12)
Total
income
(16)
Underlet
208
205
256
3,626
81
3,385
36
3,879
20
1,077
18
3,785
41
2,874
1
2,449
2
18
13
209
(19)
205
2
154
13
48
(19)
229
210
222
268
3,835
81
3,590
38
4,034
33
1,125
18
4,014
41
2,939
1
2,454
301
680
366
6,896
100
5,539
43
6,767
7
2,045
41
6,723
5
4,977
1
5,237
(i9)
1,867
60
34
21
361
35
297
3
266
706
132
284
1,482
87
778
114
1,112
23
262
44
701
24
608
19
453
13, 246
Under 1 -.-
7,961
1 under 5 ''
26, 172
1 under 5
90, 851
5 under 10 5'
12, 648
5 under 10
79, 623
10 under 20 *' .
9,099
10 under 20
94, 243
20 under 25 57
2,083
20 under 25
59
1
92
29, 723
25 under 50"
5,263
25 under 50
89, 997
50 under 100 "
3.395
50 under 100
65
19
60, 917
100 under 250 "
2.038
100 under 250 ._.
5
14
59, 204
250 under 500 st
323
250 under 500
251
10
260
37
27
21, 241
500 under 1,000 "
500 under 1,000
1,876
1,876
2,223
3
5
16, 402
1,000 and over "
1,000 and over
840
840
1,451
24, 339
Nontaxable returns «'
Taxable returns
660
24, 247
31
943
690
25. 190
863
43, 405
120
1,181
1,302
5,560
74,268
574, 502
Total, fiduciary re-
turns with net
income
24, 906
974
25,880
44, 268
1,301
d,862
648, 770
For footnotes, see pp. 240-242.
226
STATISTICS OF INCOME, PART 1
Table 12.- — Fiduciary returns ^^ with net income,^ 1939, by balance income ^° classes
and by taxable and nontaxable returns: number of returns, sources of income and
deductions, balance income,^" amount distributable to beneficiaries, and net income
taxable to fiduciary- — Continued
[Balance income classes and money figures in thousands of dollars]
Deductions
Balance income «" classes
(1)
Partnership
loss 23
(17)
Business
loss
(18)
Net
long term
capital
loss 25 30
(19)
Net loss
from sale of
property
other than
capital
assets 31
(30)
Interest
paid 33
(31)
Taxes
paid 33
(33)
Under 1"
36
2
7
67
2
38
1
31
126
6
20
134
1
75
3
120
(1.)
42
328
243
153
1,020
74
777
30
1,055
10
361
19
782
1
345
10
209
96
13
10
134
14
60
2
77
1,565
295
365
2,159
116
1,306
82
1,394
19
328
29
1,363
12
977
14
883
2,018
Under 1
656
1,236
5,480
5 under 10 "...
458
5 under 10.-
3,337
10 under 20 "
289
10 under 20
3,520
20 under 25 "
45
20 under 25
7
20
1,074
25 under 50 "
112
25 under 50
29
49
67
2,946
50 under 100 ". .
70
60 under 100
28
19
33
1
158
2,127
100 under 250"...
82
100 under 250
10
61
1,343
250 under 500 "
250 under 500
12
40
3
286
589
500 under 1 ,000 "
600 under 1,000
7
244
355
1,000 and over "
1,000 and over..
367
6
1,801
(19)
201
152
Nontaxable returns " .
46
578
151
524
625
6,642
122
654
2,202
9,437
4,308
Taxable returns
21,580
Total, fiduciary returns
with net income
624
675
7,266
677
11,639
25,889
For footnotes, see pp. 240-242.
STATISTICS OF INCOME, PART 1
227
Table 12. — Fiduciary returns ^^ with net income, ' 1939, by balance inco7ne'^° classes
and by taxable and nontaxable returns: number of returns, sources of income and
deductions, balance income,^° amount distributable to beneficiaries, and net income
taxable to fiduciary — Continued.
[Balance income classes and money figures in thousands of dollars]
Deductions— Continued
Balance
income ^^
(35)
Amount
distribut-
able to
beneficiaries
(36)
Net income
taxable to
fiduciary
fcol.25-26)
(37)
Balance income «"> classes
(1)
Other
deduc-
tions 61
(33)
Total
deduc-
tions »'
(24)
Under 1 6'
2,464
925
1,974
6,483
783
4,620
537
5,126
85
1,490
248
4,342
124
2,659
111
2,327
(19)
1,026
6,633
2,140
3,766
15,477
1,448
10, 214
944
11,324
159
3,323
407
9, 566
206
6,188
217
4,992
(19)
1,956
6,613
5,821
22, 405
75, 375
11,200
69,410
8.155
82,919
1,924
26, 400
4,856
80. 430
3,189
54, 729
1,821
54,212
323
19,285
2,039
1,320
20. 559
28, 522
10, 930
32, 692
8,058
42, 236
1,910
13, 175
4,827
40, 741
3,175
28,215
1,819
30, 475
323
11. 081
4,574
Under 1
4,501
1 under 5 "
1,846
1 under 5
46, 853
5 under 10 6t
270
5 under 10 . . - .
36, 717
10 under 20"
97
10 under 20
40,683
20 under 25 "
14
20 under 25
13, 225
25 under 50 "
29
25 under 50 ...
39, 689
Sounder 100"
14
50 under 100
26, 514
100 under 250"
2
100 under 250
23.737
250 under 500"
(19)
250 under 500
8,204
500 under 1 ,000 "
600 under 1 ,000
412
1,018
15,383
5,960
9,423
1,000 and over "
1,000 and over
560
3,087
21,252
17,846
3,406
Nontaxable returns " .
6, 326
29,971
13.780
69, 286
60, 487
505. 217
53, 641
252, 264
6.846
Taxable returns ....
252,9.53
Total, fiduciary returns with net in-
come . . . -
36,297
83, 066
565, 704
305. 905
259, 799
For footnotes, see pp. 240-242.
437826—42-
-16
228
STATISTICS OF INCOME, PART 1
Table 13. — Fiduciary returns ^* with no net income,^ ^* 1939, by balance deficit
and balance income ^^ classes: number of returns, sources of income and deductions,
balance income,^'' amount distributable to beneficiaries, and net income taxable to
fiduciary
(For text defining certain items and describing methods of tabulating data, see pp. 2-5 and 50-54]
[Balance deficit and income classes and money ^gures in thousands of dollars]
Num-
ber of
returns
(2)
Sources of income
Divi-
dends
from
domestic
and
foreign
corpora-
tions 20
(3)
Taxable interest
Part-
nership
profit 23
(6)
Income
from
fiduci- ,
aries 2«
(7)
Rents
and
royalties
(8)
Balance deficit and balance
income *" classes
(1)
Bank
deposits,
notes,
mort-
gages.
corpora-
tion
bonds
(4)
Partially
tax-
exempt
Govern-
ment
obliga-
tions 22
(5)
Busi-
ness
profit
(9)
Balance deficit «' classes:
Under 1 . --- -.-
8,108
4,546
1,213
646
111
259
110
43
16
4
1
2,284
3,647
1,794
1,537
332
1,262
820
339
523
212
166
2,026
2,533
1,142
930
200
708
319
183
396
192
171
203
226
83
99
8
38
14
26
16
116
108
50
73
2
19
10
87'
394
172
81
20
7
8
20
(19)
1,146
3,989
4,176
1,576
1,572
210
1,089
382
210
24
229
339
1 under 5 - -
263
101
10 under 20
93
20 under 25
2
25 under 50
152
50 under 100 .-.
86
100 under 250 .-. :
44
250 under 500
500 under 1,000
1,000 and over
6
30
Total, fiduciary re-
turns with balance
deficit
15,057
12,916
8, 800
719
464
1,879
13, 457
1,079
Balance income ^^ classes:
Under 1
31, 390
53. 542
12, 639
6,530
1,203
2,086
785
365
83
30
16
7,483
61,021
49, 169
54, 895
16, 733
48, 523
40, 108
40, 371
25, 331
17, 234
19,047
9,347
49, 328
30, 524
25, 534
6,098
13, 460
6,533
5,339
2,042
557
613
1,052
4,748
2,435
2,039
485
1,243
502
459
284
40
177
1,045
728
1,039
310
629
216
799
26
1
503
2,429
1,544
1,891
689
1,648
1,500
911
408
5,621
25, 431
16, 101
16, 525
5, 056
12, 065
7,401
6,447
1,722
2,806
4,105
367
1 under 5
5 under 10 - -
2,859
1,318
10 under 20
1,146
20 under 25 -
344
25 under 50
931
50 under 100
1,297
100 under 250
407
250 under 500
3
500 under 1,000
1,000 and over
1
Total, fiduciary re-
turns with balance
income
108, 669
379,915
149, 375
13,287
4,970
11,524
103, 280
8,673
Fiduciary returns with zero
balance income "
161
237
80
12
19
378
16
Grand total
123, 887
393, 068
158, 255
14, 018
6,434
13, 422
117, 116
9,767
For footnotes, see pp. 240-242.
STATISTICS OF INCOME, PART 1
229
Table 13. — Fiduciary returns se with no net income,^ °9 1939, by balance deficit
and balance income^'O classes: number of returns, sources of income and deductions,
balance income, ^^i amount distributable to beneficiaries, and net income taxable to
fiduciary — Continued.
[Balance deflcit and income classes and money figures in thousands of dollars]
Sources of income— Continued
Capital gain "
Net gain
from
sale of
property
other
than
capital
assets 31
(14)
Other
income
(15)
Balance deficit and balance
income *" classes
(1)
Short-term 26
Net
long-
term
capital
gain 30
(13)
Net short-
term
capital
gain in
eluded in
col. 16 27
(col. 12-11)
(10)
Prior year
net short-
term
capital
loss
deducted^*
(11)
Net short-
term
capital
gain before
deducting
col. 11 29
(col. 10-t-ll)
(12)
Total
income
(16)
Balance deflcit " classes:
Under 1
166
197
191
72
12
36
20
17
3
29
4
1
(19)
167
198
191
72
12
36
20
17
3
29
4
164
332
249
125
40
136
9
23
20
10
40
51
49
46
22
1
10
(19)
432
365
277
101
12
39
601
179
50
230
24
10, 164
1 under 5 .
12, 068
5 under 10 . - .
5,590
10 under 20
4,643
20 under 25 . . _.-
825
25 under 50
3,497
50 under 100 - - - ..-
2,281
100 under 250 -
1,021
250 under 500
(19)
2,265
500 under 1,000
902
1,000 and over
441
Total, fiduciary re-
turns with balance
deficit .
747
1
748
1,148
179
2,309
43, 698
Balance income ^^ classes:
Under 1
1 under 5 .-.
194
998
715
647
203
641
318
334
195
1,528
890
29
70
36
15
37
62
38
1
223
1,068
751
662
240
703
356
334
195
1,528
890
379
1,615
1,277
1,216
461
898
901
1,055
427
9
176
64
247
185
128
33
117
6
224
2
418
4,878
1,134
1,084
395
1,157
913
585
760
2
12
25,604
154, 599
5 under 10
105, 128
10imder20
106, 145
20 under 25
30, 807
25 under 50
81,313
50 under 100
59, 696
100 under 250 ......
56, 931
250 under 500 . .
31, 200
500 under 1,000
22, 176
1,000 and over
24, 845
Total, fiduciary returns
with balance income.
6,662
288
6,950
8,414
1,007
11, 338
698, 444
Fiduciary returns with zero
balance income " ..
16
16
17
7
141
924
Grand total .
7,425
289
7,714
9,580
1,192
13, 788
743, 066
For footnotes, see pp. 240-242.
230
STATISTICS OF INCOME, PART 1
Table 13. — Fiduciary returns ^^ with no net income,^ ^^ 1939, by balance deficit
and balance income *" classes: number of returns, sources of income and deductions,
balance income,^'' amount distributable to beneficiaries, and net income taxable to
fiduciary — Continued
[Balance deficit and income classes and money figures in thousands of dollars]
Deductions
Balance deficit and balance income '"
classes
(1)
Partner-
ship
loss 23
(17)
Business
loss
(18)
Net long-
term capital
loss 25 30
(19)
Net loss
from sale of
property
other than
capital as-
sets 31
(20)
Interest
paid 33
(31)
Taxes
paid 33
(33)
Balance deficit ^s classes:
Under 1
139
236
130
156
25
116
130
160
619
1,637
1,092
793
57
560
410
117
2,560
6,748
4,512
5,145
1,480
4,813
4,090
3.806
2,889
1,699
292
939
1,028
1,079
377
1, 381
843
654
320
1,111
1,571
2,524
1,390
1,437
227
1,313
870
930
1,075
170
774
3, 076
1 under 5 ..
3,824
Sunder 10
1,799
10 under 20
1,330
20 under 25
253
25 under 50
1,446
50 under 100 . .
519
100 under 250
222
250 under 500 _
610
500 under 1,000
145
1,000 and over -
Total, fiduciary returns with
balance deficit _
1,092
5,284
37, 743
8,023
12, 281
13, 224
Balance income ^6 classes:
Under 1
19
67
21
17
19
15
3
24
69
113
95
43
6
37
14
55
2,439
5,668
3,313
2,957
753
1,790
599
291
143
316
120
172
432
285
249
34
58
96
75
1
946
2,265
1,200
1,328
296
689
349
248
4
236
231
2,870
lunder5
9,469
5 under 10
4,973
10 under 20
4,409
20 under 25
1,138
25 under 50
2,624
50 under 100 - .
1,365
100 under 250
1,017
250 under 500
924
500 under 1,000
357
1,000 and over •.- -
185
Total, fiduciary returns with
balance income «'
185
432
18, 388
1,401
7,793
29, 333
Fiduciary returns with zero balance
income*'
11
5
125
124
Grand total
1,277
5,716
56, 142
9,429
20, 198
42, 681
For footnotes, see pp. 240-242.
STATISTICS OF INCOME^ PART 1
231
Table 13. — Fiduciary returns ^s with no net income,^ ^^ 1939, by balance deficit
and balance income ^^ classes: number of returns, sources of income and deductions,
balance income,'^" amount distributable to beneficiaries, and net income taxable to
fiduciary — Continued.
[Balance deficit and income classes and money figures in thousands of dollars]
Balance deficit and balance income 6'
classes
(1)
Deductions-
—Continued
Balance
deficit or
income 6"
(25)
Amount
distribu-
table to
benefici-
aries
(26)
Net income
taxable to
Other de-
ductions 61
(33)
Total de-
ductions 61
(24)
fiduciary
(deficit)
(col. 25-26)
(27)
Balance deficit 65 classes:
Under 1
4,751
6,730
4,136
3,549
869
2,758
2,992
1,794
2,389
595
1,097
13, 007
22,637
14, 086
13, 489
3,289
12, 388
9,854
7,682
7,282
3, 721
1,870
68 2, 843
68 10, 569
68 8, 496
68 8, 846
68 2, 464
68 8,891
68 7, 573
68 6, 661
68 5,017
68 2, 819
68 1,429
2,843
1 under 5
10, 569
Sunder 10
8,496
10 under 20
8,846
20 under 25 . ...
2,464
25 under 50 . . .
8,891
50 under 100 .
7,573
100under250 .. . .
6,661
250under500 .
5,017
500 under 1,000
2,819
1,000 and over .
1,429
Total, fiduciary returns with bal-
ancedeficit _ _ ...
31,659
109, 307
68 65, 609
65, 609
Balance income 66 classes:
Under 1
4,087
12,046
7, 030
6,929
1,817
4,462
3,213
2,778
1,011
2,296
794
10, 601
30,060
16,918
15, 932
4,063
9,676
5,639
4,488
2,083
3,205
1,329
15, 003
124, 539
88, 210
90, 213
26, 744
71, 636
54, 057
52, 443
29,117
18,971
23.516
15, 003
124, 539
88, 210
90, 213
26, 744
71, 636
54, 057
52, 443
29, 117
18,971
23,516
1 under 5 .....
5 under 10 .. .........
10 under 20 .. ... ...
20 under 25
25 under 50
sounder 100
100 under 250
250 under 500
500 imder 1,000 ....
1,000 and over. .
Total, fiduciary returns with balance
income «'
46,464
103, 996
594,449
594,449
Fiduciary returns with zero balance in-
come*'
659
924
Grand total
78, 782
214, 226
63 528,840
594, 449
65, 609
For footnotes, see pp. 240-242.
BASIC TABLES 14-16
WHOLLY AND PARTIALLY TAX-EXEMPT GOVERNMENT
OBLIGATIONS
AMOUNT OWNED AND INTEREST RECEIVED
INDIVIDUAL AND FIDUCIARY INCOME TAX RETURNS
233
234
STATISTICS OF INCOME, PART 1
Table 14. — Individual returns with, net income of $5,000 and over and with wholly
and partially tax-exempt Government obligations {excluding fiduciary returns),
1939, by net income classes and by each type of obligation: amount owned and
interest received
[For text defining certain items and describing methods of tabulating data, see pp. 64-56]
[Net income classes and money figures in thousands of dollars]
Amount owned at end of year
Total
(2)
Wholly tax-exempt obligations
Partially tax-exempt obliga-
tions
Net income classes
(1)
Total
(3)
Obliga-
tions of
States
and Ter-
ritories,
or politi-
cal sub-
divisions
thereof,
and
United
States
possessions
(4)
Obliga-
tions
issued
under
Federal
Farm
Loan
Act
(5)
Treasury
notes,
Treasury
bills,
Trea.sury
certifi-
cates of
indebted-
ness, and
United
States
obliga-
tions
issued on
or before
Sept. 1,
1917
(6)
Total
(7)
United
States
savings
bonds
and
Treasury
bonds
(8)
Obliga-
tions of
certain
instru-
mentali-
ties of
the
United
States 6»
(9)
5 under 6
189,935
183, 451
146, 625
151,084
139, 690
122, 419
108, 827
125,066
105, 379
107, 958
396, 034
302, 350
262, 882
387, 203
319,745
226, 659
166,992
134,415
124, 562
95, 607
277, 085
220, 592
89,813
60,716
106, 636
49, 513
84, 136
65, 530
25, 621
6, 452
133, 327
5,059
83, 390
88, 356
69, 734
74, 430
73, 080
66, 330
59, 048
72, 759
60,579
68, 221
242, 447
204, 398
185, 971
278, 528
264, 220
183,981
138,129
118,054
111, 275
82,061
246, 630
204, 934
85, 491
56, 946
103,321
45, 836
82, 498
65, 427
23,828
6.441
133, 322
5,059
63, 701
71, 275
51,076
.59, 617
58, 612
51,919
44. 802
57, 722
47, 349
51,814
185, 427
158, 780
146, 445
213, 181
207, 230
138, 248
104, 882
88, 943
68, 708
59, 694
184, 058
151,302
64, 767
38, 003
51,965
25, 650
52, 833
29,782
17, 277
5,253
32, 572
969
9,448
7,604
7,777
7,606
6,262
8, 518
5,571
9,220
4,953
6,126
32.111
18, 5.50
14,835
25,618
15,886
12, 487
11,261
10, 443
9,118
9,977
14, 415
9,954
2,919
3,926
3,483
3,157
3,693
135
200
354
10, 242
9,477
10, 881
7,208
8,206
5,894
8,675
5,816
8,276
10, 281
24, 909
27, 068
24, 692
39, 728
41,105
33, 246
21,986
18,668
33, 449
12,389
48, 158
43, 677
17,805
1.5,017
47, 872
17, 030
25, 973
35, 510
6,351
834
100, 750
1,500
106, 544
95, 095
76, 891
76, 653
66, 610
56, 089
49, 779
52, 307
44, 800
39, 737
153, 587
97, 952
76,911
108, 675
55, .524
42, 678
28, 863
16, 361
13, 287
13, 547
30, 455
15, 658
4,322
3,770
3,315
3,677
1,638
103
1,793
12
5
96, 340
86,119
70, 246
69, 940
61, 475
51, 770
46, 558
43, 563
41, 468
35, 944
136,380
91,054
71, 174
102, 221
51, 500
30, 947
27, 936
15,080
12,026
12,087
28, 220
14, 009
3,674
3,585
1,300
3,292
1,494
83
1,791
12
5
10, 205
6 under 7
8,976
6,645
6,713
5 135
7 under 8 . ._
8 under 9
9 under 10
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15under20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1,500...
1,500 under 2,000...
4,319
3,221
8,744
3,333
3,793
17, 208
6,898
5,737
6,454
4,025
11,731
927
1,282
1,261
1,460
2,235
1,649
647
185
2,01";
386
144
20
2
2,000 under 3,000 .
3,000 under 4,000...
2,590
4,000 under 5,000...
5,000 and over
Total
4, 921, 363
3, 584, 725
2, 583, 856
278, 196
722, 673
1, 336, 639
1,211,292
125, 347
For footnotes, see p. 242.
STATISTICS OF INCOME, PART 1
235
Table 14.— Individual returns with net income of $5,000 and over and with wholly
and partially tax-exempt Government obligations (excluding fiduciary returns),
19S9, 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
(10)
Wholly tax-exemption obligations
Partially tax-exempt obliga-
tions
Net income classes
(1)
Total
(11)
Obliga-
tions of
States
and Ter-
ritories,
or politi-
cal sub-
divisions
thereof,
and
United
States
possessions
(13)
Obliga-
tions
issued
under
Federal
Farm
Loan
Act
(13)
Treasury
notes.
Treasury
bills.
Treasury
certifi-
cates of
indebted-
ness, and
United
States
obliga-
tions
issued on
or before
Sept. 1,
1917
(14)
Total
(15)
United
States
savings
bonds
and
Treasury
bonds '"
(16)
Obliga-
tions of
certain
instru-
mentali-
ties of
the
United
States "
(17)
8,831
8,120
7,118
6,708
6.314
5,914
5,295
5,663
5,235
4,998
30, 495
16,512
16, 956
21, 595
16, 487
9,799
8,404
7,496
5,420
3,621
14, 038
10, 440
5,488
3,635
3,424
2,873
4,486
2,348
1,684
218
3,387
53
5,102
4,803
4,116
3,982
3,897
3,696
3,359
3,954
3,601
3,478
22, 883
12, 555
13,904
17, 528
14, 350
8,513
7,359
6,818
4,968
3,186
12, 751
9,894
5,180
3,429
3,293
2,694
4,403
2,288
1,637
214
3,387
53
3,945
3,940
3,326
3,338
3,209
2,916
2,648
3, 093
2,927
2,917
20, 615
10, 748
12, 338
14,474
12, 185
7,219
6,117
5,576
3,828
2.758
10, 660
8, 450
4,442
2,883
2,519
2,066
3,606
1,529
1,451
169
1,591
7
454
357
372
335
276
375
249
269
250
272
1,193
894
696
1,334
797
551
505
487
337
183
740
440
218
203
120
127
177
5
6
11
44
46
703
506
418
310
412
405
462
592
424
289
1,074
913
870
1,720
1,367
743
737
755
803
246
1,352
1,005
520
344
655
501
620
754
180
34
1,752
3,729
3,317
3,001
2, 725
2,418
2,218
1,937
1,708
1,635
1,520
7,613
3,956
3,053
4,067
2,137
1,286
1,045
677
452
- 435
1,287
547
308
206
131
179
82
60
47
4
(")
3,251
2,891
2, 533
2,282
2,157
2,019
1,663
1,533
1,483
1,349
5,169
3,577
2,758
3,686
1,953
1,175
960
624
414
401
1,188
494
284
117
98
170
76
59
28
(19)
478
6 under 7
426
7 under 8-. .. . .
468
Sunder 9
443
9 under 10 _.
261
10 under 11
11 under 12
12 under 13
13 under 14
14 under 15
15 under 20
20 under 25
25 under 30
30 under 40
40 under 50
50 under 60
60 under 70
70 under 80
80 under 90
90 under 100
100 under 150
150 under 200
200 under 250
250 under 300
300 under 400
400 under 500
500 under 750
750 under 1,000
1,000 under 1.500...
1,500 under 2,000...
2,000 under 3,000...
3,000 under 4,000...
4,000 under 5,000
199
274
176
152
171
2,444
380
295
380
183
111
85
S3
38
34
98
52
24
89
33
8
6
1
19
4
Total
253,055
201, 276
167, 490
12, 321
21, 464
51, 779
44, 392
7,387
For footnotes, see pp. 240-242.
236
STATISTICS OF INCOME, PART 1
Table 15. — Fidxiciary returns with net income, showing balance income of $5,000
and over '^ and with wholly and partially tax-exempt Government obligations,
1939, by balance income ™ classes, by taxable and nontaxable returns, and by each
type of obligation: amount owned and interest received
(For text defining certain items and describing methods of tabulating data, see pp. 54-56]
[Balance income classes and money figures in thousands of dollars]
Amount owned at end of year
Wholly tax-exempt obligations
Partially tax-exempt
obligations
Treasury
notes.
Obligations
Treasury
Balance income 6"
of States
bills.
Obliga-
classes
and Ter-
Obliga-
Treasury
United
tions of
Total
ritories, or
tions
certificates
States
certain
political
issued
of indebt-
savings
instru-
Total
subdivi-
under
edness, and
Total
bonds
mental-
sions
Federal
United
and
ities of
thereof.
Farm
States
Treasury
the
and United
Loan .^ct
obligations
bonds
United
States pos-
issued on
States 6'
sessions
or before
Sept. 1,
1917
(1)
(3)
(3)
(4)
(5)
■ (6)
(7)
(8)
(9)
Sunder 10 57
26, 489
13,614
11,106
1,190
1,317
12,875
11,433
1,442
5 under 10
214, 360
137, 442
109, 541
9,019
18, 881
76, 918
69, 005
7,913
10 under 20 "
19, 895
10, 928
7,430
1,886
1,612
8,966
8,049
917
10 under 20
275, 789
205, 328
164, 207
15,642
25, 479
70, 461
63, 401
7,060
20 under 25 57
5,124
3,509
2,944
116
449
1,616
1,362
253
20 under 25
92, 303
75, 255
57,513
3,986
13,756
17, 049
15, 703
1,346
25 under 50 57
8,879
5,588
3,511
879
1,198
3,291
3,126
164
25 under 50
278, 668
219, 707
162, 143
15,245
42,319
58, 961
51,918
7,044
sounder 100 67
2,159
1,230
1,151
65
13
929
929
sounder 100
202, 681
160,715
118,013
1.3, 552
29,150
41,966
37, 578.
4,388
100 under 250 57.. __
21,510
20, 975
16, 541
115
4,318
535
124
411
100 under 250
124, 444
115,053
81,355
5,125
28, 573
9,391
8,811
579
250 under 500 57
100
100
100
250 under 500
63, 655
60,882
47, 381
5,697
7,803
2,773
2,237
536
500 under 1 000 57
500 under 1,000
1 000 and over 57
39, 439
38 735
28, 450
2,722
7,563
704
704
1,000 and over
17,891
17,891
14, 131
690
3,070
Nontaxable re-
turns 57
84, 155
1,309,230
55, 944
1,031,007
42,784
782, 734
4,251
71,679
8,908
176, 594
28,212
278, 223
25, 024
249, 357
3,188
Taxable returns...
28,866
Total
1,393,386
1,086,951
825, 518
75, 931
185, 502
306,435
274, 381
32,054
For footnotes, see pp. 240-242.
STATISTICS OF INCOME^ PART 1
237
Table 15.- — Fiduciary returns with net income, showing balance income of $5,000
and over''^ and loith wholly and partially tax-exempt Government obligations,
1939, by balance income''^ classes, by taxable and nontaxable returns, and by each
type of obligation: amount owned and interest received — Continued
[Balance income classes and money figures in thousands of dollars]
Interest received or accrued during the year
Total
(10)
Wholly tax-exempt obligations
Partially tax-exempt
obligations
Balance income 6i
classes
(1)
Total
(11)
Obligations
of States
and Ter-
ritories, or
political
subdivi-
sions
thereof,
and United
States pos-
sessions
(13)
Obliga-
tions
issued
under
Federal
Farm
Loan Act
(13)
Treasury
notes,
Treasury
bills.
Treasury
certificates
of indebt-
edness,
and United
States
obligations
issued on
or before
• Sept. 1,
1917
(14)
Total
(15)
United
States
savings
bonds
and
Treasury
bonds '0
(16)
Obliga-
tions of
certain
instru-
mental-
ities of
the
United
States 71
(17)
5 under 10 ^".
1,404
9,978
1,187
12,655
374
4,181
551
14, 123
371
10, 043
778
6,341
4
3,537
831
6,995
795
10, 046
286
3.522
396
11,856
306
8,412
714
5,753
4
3,339
666
5,790
650
8,568
259
2,922
308
10,082
263
6,956
638
4,778
4
2,808
70
427
89
709
15
156
52
634
28
485
4
239
95
778
56
770
12
444
36
1,139
15
971
71
736
573
2,983
392
2,609
88
659
156
2,268
65
1,631
65
588
503
2,533
335
2,237
75
563
144
1,939
65
1,487
52
532
70
5 under 10. .-
449
10 under 20 57
67
10uDder20
372
20 under 25 ='
13
20 under 25 _
96
25 under 50 57
12
25 under 50
50 under 100 5'
50 under 100
329
(19)
144
100 under 250 57
100 under 250.
12
55
250 under 500 5"
250 under 500
194
337
199
179
20
500 under 1,000 57
500 under 1,000
1,859
1,841
1,559
109
173
18
18
1,000 and over 57
1,000 and over
1,281
1,281
1,043
22
216
(19)
(19)
Nontaxable returns 57__
Taxable returns
4,669
63, 997
3, 330
53,044
2,788
44, 507
258
2,975
284
5,563
1,339
10,953
1,175
9,488
163
1,465
Total . .
68, 666
56. 375
47, 295
3,233
5,847
12, 291
10, 663
1,629
For footnotes, see pp. 240-242.
238
STATISTICS OF IN'COME, PART 1
Table 16. — Fiduciary returns with net income, showing balance income of $5,000
and over''^ and with wholly and 'partially tax-exem-pt Government obligations, 1939,''^
by net income^ classes, by taxable and nontaxable returns, and by each type of
obligation: amount owned and interest received
[For text defining certain items and describing methods of tabulating data, see pp. 54-56]
[Net income classes and money figures in thousands of dollars]
Amount owned at end of year
Wholly tax-exempt obligations
Partially tax-exempt
obligations
Treasury
notes.
Obligations
Treasury
Net income '
of States
bills.
Obliga-
classes
and Ter-
Obliga-
Treasury
United
tions of
Total
ritories, or
tions
certificates
States
certain
political
issued
of indebt-
savings
instru-
Total
subdivi-
under
edness, and
Total
bonds
mental-
sions
Federal
United
and
ities of
thereof.
Farm
States
Treasury
the
and United
Loan Act
obligations
bonds
United
States pos-
issued on
States '<
sessions
or before
Sept. 1,
1917
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Under 5"
84, 155
560, 358
55, 944
423, 991
42, 784
336, 493
4,251
30, 264
8,908
57, 233
28, 212
136, 367
25, 024
122, 785
3,188
Under 5 .- -.
13, 582
6 under 6 "
5 under 6
58, 702
47, 099
36, 629
3,697
6,773
11,603
9,944
1,659
6 under 7
37, 832
26, 480
20, 148
990
5,341
11,352
10, 251
1,101
7under 8-.. -.
24, 375
16, 357
12, 965
1,293
2,099
8,019
7,528
491
8 under 9
26, 964
20, 474
15,383
629
4,463
6,490
6,082
407
9 under 10
28, 074
22, 650
20, 094
772
1,785
5,423
5,112
312
10 under 11_
32, 330
27,058
20, 907
1,362
4,788
5,272
4,377
895
11 under 12
25, 691
20, 761
15, 540
2,071
3,150
4,930
4,727
203
12 under 13
13, 761
8,372
6,601
781
990
5,389
4,407
982
13 under 14 _.
8,316
5,880
3,888
296
1,697
2,436
2,306
130
14 under 15
11,608
7,697
5,451
422
1,824
3,911
3,772
139
15 under 20 -..
79, 676
63, 821
48, 632
■4,311
10, 878
15, 855
14, 452
1,403
20 under 25_.
75, 508
61, 604
46, 077
2,094
13, 433
13, 904
12, 860
1,044
25 under 30
67, 663
50, 453
33, 224
6,434
10, 795
17,210
14, 583
2,628
30 under 40
62, 069
47, 293
36, 219
2,416
8,658
14, 776
11, 708
3,069
40 under 50
35, 951
33, 021
24, 529
2,045
6,447
2,930
2, 837
92
60 under 60
27,915
25, 264
19, 571
1,356
4,337
2,652
2,354
297
60 under 70
14, 856
13, 579
11, 660
698
1,221
1,276
1,186
90
70 under 80
13, 860
10, 802
5,792
713
4,297
3,058
2,951
107
80 under 90
9,368
7,598
6,079
171
1,348
1,770
1,750
20
90 under 100
3,472
2,307
1,027
757
524
1,165
1,165
100 under 150
56, 547
55, 047
33, 179
7,675
14, 194
1,500
1,286
214
150 under 200
3,869
3,801
1,234
7
2,560
68
68
200 under 250
1,043
1,012
426
228
358
32
32
250 under 300
143
134
134
9
9
300 under 400
2,615
2,487
746
150
1,591
128
128
400 under 500
11,276
14, 379
11,276
13, 679
8,556
10, 543
2,720
3,089
500 under 750
47
700
700
750 under 1,000
1,000 under 1,500
1 008
1,008
1,008
1,500 under 2,000
2,000 under 3,000-..
3,000 under 4,000_..
4,000 under 5,000
6,000 and over
•
Nontaxable re-
turns "
84, 155
55, 944
42, 784
4,251
8,908
28, 212
25, 024
3,188
Taxable returns...
1, 309, 230
1,031,007
782, 734
71, 679
176, 594
278, 223
249, 357
28,866
Total-
1, 393, 386
1, 086, 951
825, 518
75, 931
185, 502
306, 435
274, 381
32,054
For footnotes, see pp. 240-242.
STATISTICS OF INCOME, PART 1
239
Table 16.— Fiduciary returns with net income, showing balance income of $5,000
and over '^'^ and with wholly and -partially tax-exempt Government obligations, 1939,''^
by net income^ classes, by taxable and nontaxable returns, 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
(10)
Wholly tax-exempt obligations
Partially tax-exempt
obligations
Net income '
classes
(1)
Total
(11)
Obligations
of States
and Ter-
ritories, or
political
subdivi-
sions
thereof,
and United
States pos-
sessions
(13)
Obliga-
tions
issued
under
Federal
Farm
Loan Act
(13)
Treasury
notes.
Treasury
bills.
Treasury
certificates
of indebt-
edness,
and United
States
obligations
issued on
or before
Sept. 1,
1917
(14)
Total
(15)
United
States
savings
bonds
and
Treasury
bonds 7"
(16)
Obliga-
tions of
certain
instru
mental-
ities of
the
United
States "
(17)
Under 5" .-
4,669
28, 447
3,330
23, 064
2,788
19, 654
258
1,461
284
1,949
1,339
5,383
1,175
4,536
163
Under 5
847
Sunder 6 "
5 under 6 -.-
2,743
2,109
1,093
1,341
1,432
1,292
1,320
680
761
586
3,632
3,190
2,505
2, 508
1,697
1,848
752
577
392
215
1,993
203
54
25
492
1,117
536
54
345
2,315
1,652
734
1,079
1,219
1,110
1,150
502
644
456
2,962
2,684
2,015
2,060
1,529
1,473
649
487
348
167
1,946
201
51
24
488
1,117
518
54
344
2,017
1,246
624
864
1,144
966
1,010
418
593
371
2,463
2,244
1,565
1,755
1,312
1,192
591
346
310
114
1,433
140
36
23
364
1,034
487
54
137
144
62
S3
43
28
49
71
32
19
27
174
62
178
90
62
77
17
22
6
26
240
1
9
1
17
154
345
58
172
47
94
69
52
33
58
325
378
272
2)5
155
204
42
119
32
27
273
60
S
428
457
358
262
213
183
170
177
117
130
670
506
490
508
167
375
103
90
44
48
47
2
3
(10)
3
353
412
334
245
195
154
159
146
110
119
605
441
419
386
161
366
100
86
44
47
42
2
3
(")
3
75
6 under 7
44
7 under 8 .
25
8 under 9
16
9 under 10
18
10 under 11
28
11 under 12
11
12under 13...
31
13 under 14 . . .
7
14 under 15
11
ISunder 20
65
20 under 25
66
25 under 30
71
30 under 40
122
40 under 50 ..
6
60 under 60
9
60 under 70
3
70 under 80
4
80 under 90
(19)
90 under 100
1
100 under 150
6
150 under 200
(Id)
200 under 250
250 under 300
(19)
300 under 400...
107
83
27
(19)
400 under 500
500 under 750
4
18
18
750 under 1,000..
1,000 under 1,500_
1,500 under 2,000
207
(19)
(19)
2,000 under 3 000
3,000 under 4 000
4,000 under 5,000
.
5,000 and over
Nontaxable returns "..
Taxable returns
4,669
63, 997
3,330
53, 044
2,788
44, 507
258
2,975
284
5,563
1,339
10, 953
1,175
9,488
163
1,465
Total
68, 666
56, 375
47, 295
3,233
5,847
12, 291
10, 663
1,629
For footnotes, see pp. 240-242.
240
STATISTICS OF INCOME, PART 1
Footnotes for basic tables 1-16, pages 78-^39
(Facsimiles of Forms 1040A, 1040, and 1041, to which references are made, appear on pages 31&-333)
' Table 1 contains data for (1) individual returns
with net income and with no not income shown in
basic table 1-A and (2) taxable fiduciary returns with
net income. Table 2 contains data for (1) individual
returns with net income and with no net income
shown in basic table 2-A and (2) taxable fiduciary
returns with net income shown in basic table 10.
Table 3 contains data for (1) individual returns with
net income and with no net income shown in basic
table 3-A and (2) taxable fiduciary returns with net
income shown in Part 1 of basic table 10. Table 7
contains data for (1) individual returns with net in-
come and with no net income shown in basic table
7-A and (2) taxable fiduciary returns with net income
shown in basic table 11.
- Consists of normal tax, surtax, and alternative
tax liabilities. For returns with normal tax and sur-
tax (tliose with no alternative tax), see note 9. For
returns with alternative tax, see note 10.
3 For taxable fiduciary returns with net income
in tables 1, 2, 3, 7, 9, and 16, and for fiduciary returns
with net income and with no net income in tables
10 and 11, the net income used for classification and
tabulation is the net income (or deficit) taxable to the
fiduciary (item 17, pase 1, Form 1041). In table 12
fiduciary returns with net income taxable to the
fiduciary are classified by size of balance income and
in table 13 fiduciary returns with no net income tax-
able to the fiduciary are classified by size of balance
deficit or balance income (see note 60, page 242).
< Includes individual returns with zero net income
(total income equals total deductions).
5 On fiduciary returns an estate is allowed the per-
sonal exemption of $1,000 allowed a single person
and a trust is allowed, in lieu of the personal exemp-
tion, a credit of -$100 against net income.
* An alternative tax is reported on 17 returns with
no net income and with net long-term capital loss.
On these returns the tax, computed on net income
before the deduction of net long-term capital loss,
exceeds 30 percent of the net long-term capital loss.
In table 9, pages 176-201, the amount of the alternative
tax is shown for each State. The distribution by
States of the number of these 17 returns with alterna-
tive tax is as follows: 2 in Connecticut, 1 in Illinois,
Massachusetts, Michigan, Missouri, and New
Jersey, 6 in New York, and 4 in Pennsylvania.
' Included in Washington for 1921-1938.
8 Unlike 1921-19.38, excludes Alaska.
9 Returns with no alternative tax consist of (1)
tho.se with no net long-term capital gain or loss and
(2) those with net long-term capital gain or loss which
have no alternative tax.
'" The alternative tax is imposed on returns with
net long-term capital gain if such alternative tax is
less than the sum of the normal tax and surtax com-
puted on net income including net long-term capital
gain. The alternative tax is impo.sed on returns
with net long-term capital loss if such alternative
tax is oreafer than the sum of the normal tax and sur-
tax computed on net income after deducting net long-
term capital loss.
" Nontaxable individual returns. Exemptions
from normal tax and surtax exceed net income. A
negligible number of nontaxable individual returns
in net income classes of $6,000 and over are not tab-
ulated separately.
'2 Deficit. In table 11, the deficit is that reported
on returns with balance deficit and without an
amount distributable to beneficiaries (see column
27, table 13, page 231).
'3 Net income less deficit.
» Not available. Included in Washington.'
'5 In tables 2, 2-A, and 10 average total tax not
computed. In tables 3 and 3-A percentage not
computed.
" Less than one-hundredth of 1 p?rcent.
" An unequal number of separate returns of hus-
bands and wives results from (1 ) the u.se 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 descrip-
tion of sample, pages 12-13) and (2) certain cases in
which incomplete or inaccurate answers to questions
4 and 5 on page 4, Form 1040, and on the back of Form
1040A, make it impossible to identify the returns as
separate returns.
>8 See text, page 18.
19 Less than $500.
20 Excludes dividends received through partner-
ships and fiduciaries and dividends received on share
accounts in Federal savings and loan associations.
2' Includes interest received on partially tax-
exempt Government obligations reported on returns
with net income under $5,000.
22 Interest received 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 those issued under the Federal
Farm Loan Act, or such act as amended. In tables
6, 7, 7- .4, and 11 this interest is shown for returns
with net income of $5,000 and over and with no net
income. In table 12 this interest is shown ^'or all
fiduciary returns with net income and in table 13
this interest is shown for all fiduciary returns with
no net income.
•^ Partnershi]) profit or loss includes dividends
received and exclude.^ ) taxable interest on obliga-
tions of the United State j and (2) net gain or loss from
the sale or exchange of capital assets. The item
"Charitable contributions" is not an allowable de-
duction in the conipatation of partnership profit or
loss. Each item which is exlcuded from partnership
profit or loss is reported under its appropriate classi-
fication.
^< Income from flduciiries includes (1) dividends
received and (2) net gain or loss from the sale or ex-
change of capital assets and exclude') (1) taxable
interest on obligations of the United States and (2)
net gain or loss from the sale or exchange of capital
assets received from "Common trust funds." Each
item which is excluded from income from fiduciaries
is reported under its appropriate classification.
25 The term "Capital assets" means property held
by the taxpayer (whether or not connected with his
trade or business), but excludes (1) stock in trade or
other property which would properly be included in
inventory if on hand at the close of the taxable year,
(2) property held primarily for sale to customers in
the ordinary course of trade or business, and (3) prop-
erty used in trade or business of a character which
is subject to the allowance for depreciation. The
tabulated amounts of "Net short-term capital gain,"
"Net long-term capital gain," and "Net long-term
capital loss" include each participant's share of net
capital gain or loss to be taken into account from
partnerships and "Common trust funds."
26 "Short-term" applies to capital assets held 18
months or less.
2' Reported for the computation of net income.
(On individual returns, Form 1040, item 10(a), page
1; on returns for estates and trusts. Form 1041, item
7(a'>,pagel.)
28 Consists of the amount of prior year net short-
term capital loss (not in excess of the net income for
the prior year) deducted from the current year net
short-term capital gain. The amount tabulated ap-
pears on returns with and without net short-term
capita! gain reported for the computation of net in-
come (item 10(a), page 1, Form 1040, and item 7(a),
page 1, Form 1041). For returns with net short-term
capital gain reiwrted for the computation of net in-
come, the tabulated amount of prior year net short-
term capital loss is the entire amount of such prior
year loss reported on the income-tax returns (see
Footnotes continued on p. 241
STATISTICS OF INCOME, PART 1
241
Footnotes for basic tables 1-10, pages 77-259— Continued
(Facsimiles of Formsll040A, 1040, and 1041, to which references are made, appear on pages 316-333)
column 2 of summary of schedule F, Form 1040, « xhe compensation of the proprietor is not al-
and column 2 of summary of schedule E, Form 1041). lowed as a deduction in computing business profit or
For returns without net short-term capital gain re- loss (see item 10, schedule D, Form 1040).
ported for the computation of net income, the tabu- 43 For schedules D showins? fewer than the follow-
lated amount of prior year net short-term capital loss jug items, "Total receipts," "Total deductions,"
is less than the entire amount of such prior year loss and "Net profit or loss," the number of businesses
reported on the income-tax returns, because only a and net profit or loss are included under "Schedule
portion of the reported prior year loss is deductible d fragmentary" in table 8.
from the current year net short-term capital gain. ^^ Consists of businesses for which (1> schedule D
29 Consists of current year net short-term capita' shows fewer than the following items, "Total re-
gain before deduction of prior year net short-term ceipts," "Total deductions," and "Net profit or
capital loss. This amount would have been reported loss," and (2) no business schedule is submitted with
for computation of net income if the prior year net
short-term capital loss had not been deducted.
2" "Long-term" applies to capital assets held over
18 months. "Net long-term capital gain" and "Net
the return.
^5 Data for these industrial groups are published
for the first time. The total of the three industrial
groups under "Mining and quarrying" for 1939 was
long-term capital loss" include losses from worthless published as "Mining and quarrying" for 1938.
stocks and bonds.
31 Consists of net gain or loss from property used
in trade or business of a character which is subject
to the allowance for depreciation, which is excluded
from capital assets.
32 Includes each partner's share of charitable con-
tributions of partnerships (see note 23, page 240).
The total of the two industrial groups under "Trans-
portation" for 1939 was published as "Transporta-
tion" for 1938. The six new industrial groups under
"Retail trade" for 1939 were included in "Other
retail trade" for 1938. The two new industrial
groups under "Personal service" for 1939 were in-
cluded in "Other personal service" for 1938. The
total of the three industrial groups under "Medical
Excludes amounts reported in schedule C and and health .services" for 1939 was published as
schedule for business deductions (see text, page 25).
34 For prior years, included in "Other deductions."
Excludes amounts reported in schedule for business
deductions. Losses from fire, storm, shipwreck, or
other casualty, or from theft, are those not compen-
sated for by insurance or otherwise.
35 For returns with net income under $5,000, the
number of returns on which specific sources of in-
come and deductions are reported is available only
for "Salaries, wages, commissions, etc." (tables 7
and 7-A) and "Dividends from domestic and for-
eign corporations" (tables 7, 7-A, and 11). For re-
turns with net income of $5,000 and over, the number
of returns is available for each specific source of in-
come and deductions and for the information item
"Prior year net short-term capital loss deducted"
(tables 7, 7-A, and 11). However, the number of
returns is not available for the information item "Net
"Medical and health .service" for 1938. The two
new industrial groups under "Agriculture, forestry,
and fishery" for 1939 were included in "Other agri-
culture, forestry, and fishery" for 1938.
4* Consists of wholesale or retail trade reported
separately in schedule D, Form 1040. Exchides
combined "Wholesale and retail" when reported as
such.
4' For 1938, this group was entitled "Other service."
<s Includes lessors of real property. For 1938, in-
formation for "Les.sors of real property, except build-
ings" was published separately from "Real estate."
4' Data are tabulated from Form 1040F (schedule
of farm income and expenses), if submitted with the
individual income tax returns.
5» Includes nurseries and greenhouses which were
included in "Other agriculture, forestry, and fish-
short-term capital gain before deducting prior year ^^^ ^^^ ^^-^^ tsee note 01;.
net short-term capital loss," since this amount is
tabulated by adding the "Net short-term capital
gain reported for the computation of net income" to
the "Prior year net short-term capital loss deducted.' '
38 The number of returns with net income under
$5,000, which is not available, is excluded from the
total in this column. For "Business profit" and
"Business loss "these figures represent the number of
returns on which a net profit or a net loss was re-
ported for the computation of net income. Conse-
quently, for returns on which data for two or more
businesses are reported in the business schedule,
these figures do not reflect the number of businesses
in which sole proprietors are engaged.
3' Includes "Losses from fire, storm, etc." and
51 For 1938, this group included "Forestry" and
"Fishery" and was entitled "Other agriculture,
forestry, and fishery." Excludes nurseries and
greenhouses which are included in "Farming" for
1939 (see note 50) .
52 Historical data for these returns, by States and
Territories, are presented in table 9- A.
53 These historical data relate to income tax returns
for individuals and for estates and trusts, with net
income. Data for 1930 through 1936 are tabulated
from Forms 1040 and 1040A filed for individuals and
for estates and trusts. Data for 1937 through 1939
are tabulated from Forms 1040 and 1040A filed for
individuals, taxable Form 1041 filed for estates and
trusts, and Form 1040 erroneously filed for estates
Bad debts" reported on taxable fiduciary returns and trusts, except that for 19.38 and 1939 there are
excluded nontaxable Form 1040 with net mcome,
erroneously filed for estates and trusts. Changes in
the Federal tax laws affecting the comparability of
statistical data from income tax returns are sum-
marized on pages 298-307.
54 Revised. See Statistics of Income for 1935,
Part 1, page 31, note 6.
55 Includes Alaska.
66 Tables 10-12 include data from returns for estates
and trusts with net income (taxable and nontaxable)
which were incorrectly filed on Form 1040 instead of
Form 1041. Table 13 includes data from returns for
estates and trusts with no net income which were
incorrectly filed on Form 1040 instead of Form 1041.
An adjustment was made for these incorrectly filed
1939 returns, Form 1040, whereby "Amount distrib-
utable to beneficiaries" (if any) was removed from
"Other deductions" and "Total deductions" ahd the
"Balance income" was computed.
57 Nontaxable fiduciary returns. Exemptions
from normal tax and surtax exceed net income
taxable to the fiduciary (item 17, page 1, Form 1041).
with net income.
" Includes interest received on partially tax-
exempt Government obligations.
3' Tabulated with "Taxable interest received on
bank deposits, notes, mortgages, corporation bonds."
41 Data in this table are shown for individual re-
turns. Form 1040, with net income and with no
net income and with business (sole proprietorship).
The data for returns with net income under $5,000
are partly estimated and partly tabulated. Hereto-
fore, information for sole proprietors has been pub-
lished only for individual returns. Form 1040, with
net income of $5,000 and over.
41 If two or more businesses in different industrial
groups are reported on one return, each business
is counted separately, with the result that the tab-
ulated number of businesses exceeds the number of
returns showing business profit or loss for the com-
putation of net income or deficit. However, if two
or more businesses in the same industrial group are
reported on one return the financial data are com-
bined and counted once.
Footnotes continued on p. 242.
242
STATISTICS OF IXCOJ^IE, PART 1
Footnotes for basic tables 1-16, pages 77-f59— Continued
(Facsimiles of Forms 1040A, 1040. and 1041, to which references are made, appear on pages 316-333)
5* Data on these returns are included in table 2.
59 Returns with no net income taxable to the fidu-
ciary (item 17, paee 1, Form 1041) consist of returns
with (1) babvnce deficit before deduction of amount
distributable to beneficiaries (total deductions ex-
ceed total income, items 14 and 10, respectively,
page 1, Form 1041), (2) balance income before de-
duction of amount distributable to beneficiaries
(balance income is equal to amount distributable to
beneficiaries, items 15 and 16, respectively, page 1,
Form 1041), and i,3) zero balance income before de-
duction of amount distributable to beneficiaries
(total income is equal to total deductions, items 10
and 14, respectively, page 1, Form 1041).
6" Balance income (item 13, page 1, Form 1041) is
the income before deduction of amount distributable
to beneficiaries and is equal to total income less total
deductions (items 10 and 14. respectively, page 1,
Form 1041). In table 13, balance deficit is equal to
total deductions less total income.
6' Includes (1) losses from fire, storm, shipwreck,
or other casualty, or from theft not compensated for
by insurance or otherwise, which are not reported
in schedule for business deductions and (2) bad debts.
S2 Data for these returns are included in table 7.
ss Balance income less balance deficit. The two
amounts in table 11 are not reported on retiu-ns with
zero balance income (see column 25, table 13, page
231).
*« Totals for columns 4 and 5 do not agree with
totals in columns 6 and S in table 11, due tc the fact
that for net income classes under $5,000 the "Interest
received on partially tax-exempt Government obli-
gations" is tabulated with the "Taxable interest
received on bank deposits, notes, mortgages, cor-
poration bonds" in table 11.
'5 Returns with balance deficit before deduction of
amount distributable to beneficiaries (item 15,
page 1, Form 1041). On these returns total deduc-
tions exceed total income (items 14 and 10, respec-
tively, page 1, Form 1041).
** Returns with balance income before deduction
of amount distributable to beneficiaries (balance
income is equal to amount distributable to bene-
ficiaries, items 15 and 16, respectively, page 1, Form
1041).
•' Total income is equal to total deductions (items
10 and 14, respectively, page 1, Form 1041).
*s Balance deficit.
" Obligations of instrumentalities of the United
States ofher than obligations issued under Federal
Farm Loan Act, or such act as amended.
■f Includes interest received on a principal amount
not in excess of $5,000 which is wholly exempt from
income taxes (for data in table 14, see line (e), col-
umn 3, schedule B, page 2, Form 1040; for data in
tables 15 and 16, see line (e), columns 3 (a) and (b),
schedule B, page 2, Form 1041). The amount of
such interest received on a principal amount in ex-
cess of exemption of $5,000, which is reported in item
5, page 1 of Form 1040, or in item 4, page 1, Form
104!, is tabulated in "Interest received on partially
tax-exempt Government obligations'' in other tables
in this report showing sources of income.
"' Interest received on obligations of instrumen-
talities of the United States other than obligations
issued under the Federal Farm Loan Act, ^r such
act as amended (for data in table 14, see hne (f),
column 3, schedule B, page 2, Form 1040; for data
in tables 15 and 10, see line (f), columns 3 (a) and (b),
schedule B, page 2, Form 1041). The amount of
such interest received, which is reported in item 5,
page 1. Form 1040, or in item 4, page 1, Form 1041.
is tabulated in "Interest received on partially tax-
exempt Government obligations" in other tables in
this report showing sources of income.
"2 Consists of (1) returns with net income taxable
to the fiduciary (item 17, page 1, Form 1041) which
show balance income of $5,000 and over, and (2)
returns for estates and trusts incorrectly filed on
Form 1040 instead of Form 1041, which show the
characteristics in (1) above after an adjustment was
made whereby the "Amount distributable to bene-
ficiaries" (if any) was removed from "Other deduc-
tions" and "Total deductions" and "Balance in-
come" was computed.
" Similar to 193S, but imlike 1937, the information
for taxable fiduciary returns with net income show-
ing a balance income of $5,000 and over is tabulated
separately, rather than in combination with that for
individual returns with net income of $5,000 and
over. To secure combined 1939 data comparable
with those for 1937 in table 14, pages 1S1-1S2, Statis-
tics of Income for 1937, Part 1, the data in table 14,
pages 234-235 must be added to those for taxable re-
turns with net income of $5,000 and over shown in
this table.
ESTATE TAX RETURNS
243
ESTATE TAX RETURNS
The estate tax is imposed upon the transfer of the statutory net
estate of a decedent in its entirety, rather than upon any particular
legacy, devise, or distributive share. The relationship of the bene-
ficiaries to the decedent has no bearing upon the tax liability. In this
report are tabulated data for estate tax returns filed during the
calendar year 1940, together with some historical data for returns
filed in preceding years.
FILING REQUIREMENTS
Beginning August 31, 1935, when the estate tax sections of the
Revenue Act of 1935 became effective, estate tax returns have been
required to be filed within 15 months after date of death. However,
many returns are filed in advance of the due date. For taxable returns
filed during 1940 for citizens and resident aliens, over 40 percent were
filed within one year after date of death. In some circumstances,
extensions of time are granted for filing. Regardless of when filed,
returns are subject to the statutory provisions in effect at date of
death.
As respects the size of estate for which a return must be made, the
statutory provisions have varied. On and after the effective date of
the Revenue Act of 1935 an estate tax return has been required for
a citizen or resident alien if the value of the gross estate at date of
death exceeds $40,000. During the effective period of the Revenue
Act of 1934 the exempt amount was $50,000. Earlier acts required
an estate tax return for a resident citizen or resident alien if gross
estate exceeded the following amounts: $50,000 under the Revenue
Act of 1932, $100,000 underlie Revenue Act of 1926, and $50,000
under prior revenue acts. For a nonresident alien a return has reg-
ularly been required if at date of death any part of the estate, regard-
less of size, was situated in the United States; and prior to the
effective date of the Revenue Act of 1934 this requirement applied
also to nonresident citizens.
SUMMARY DATA
Of the 16,876 estate tax returns filed during 1940, 15,435 are for
citizens and resident aliens and 1,441 are for nonresident aliens (in-
cluding nonresident citizens who died 'before May 11, 1934). Of the
15,435 return for citizens or resident aliens, 15,328 are filed under
the requirements in effect after the date of enactment of the Rev-
enue Act of 1935. The remaining 107 include 6 returns filed under
the Revenue Act of 1924 or prior acts, 24 under the Revenue Act
of 1926, 40 under the Revenue Act of 1932, and 37 under the Revenue
Act of 1934. (See tables 1 and 7, pages 250-253 and 278, respec-
tively.)
245
246 STATISTICS OF ESTCOME, PART 1
The 16,876 returns filed during 1940 show gross estate of $2,648,198,-
883, net estate of $1,493,183,895, and liability to Federal estate tax
of $251,555,763. As compared with returns filed during the preceding
calendar year, the total number of returns decreased 50, or 0.3 per-
cent. Gross estate decreased $119,689,029, or 4.3 percent. Net
estate decreased $65,138,310, or 4.2 percent. Total tax liability
decreased $27,381,967, or 9.8 percent.
The 15,435 returns filed for citizens or resident aliens show gross
estate of $2,632,659,015, of which $184,699,386 was reported on non-
taxable returns. The 12,907 taxable returns for citizens or resident
aliens show gross estate of $2,447,959,629, net estate of $1,479,268,114
(of which $1,478,287,805 is the net estate subject to additional tax),
and Federal estate tax liability of $250,359,727. On the 12,903
taxable returns filed during 1940 for decedents dying after the effec-
tive date of the Revenue Act of 1926, the credit claimed for State
death taxes amounted to $45,336,985 and constitutes 15.3 percent
of total liability to Federal tax before deduction of credits. This
amount represents a decrease of $7,774,272, or 14.6 percent, from the
preceding year, when the corresponding credit was $53,111,257 and
represented 16.1 percent of total liability to Federal tax before deduc-
tion of credits.
In connection with the above data it is to be noted that the total
tax liability and other amounts tabulated in this report are taken
from estate tax returns as filed, prior to any revisions that may be
made as a result of audit by the Bureau of Internal Revenue. More-
over, the total tax liability tabulated does not correspond with the
collections of taxes during i940 for the following reasons: (1) payment
of tax liability as reported in 1940 may be deferred until a later period.
(2) deferred payments on returns filed in prior years were received
during 1940, (3) revisions resulting from audit may be made within
the year 1940, and (4) interest and penalties are excluded from this
report.
DEFINITIONS AND CLASSIFICATIONS
Gross estate. — After the date of enactment of the Revenue Act of
1935, the value of gross estate may at the election of the executor be
determined either as of the date of the decedent's death or as of the
date one year after death. If the second alternative is elected, how-
ever, property distributed, sold, exchanged, or otherwise disposed of
within the year following death must be valued as of the date of dispo-
sition. For decedents who died prior to the effective date of the
Revenue Act of 1935, the value of the gross estate must be deter-
mined as of the date of death.
Items comprising gross estate are grouped into three categories:
real estate, tangible personal property, and intangible personal prop-
erty. Under each category there is tabulated the value of jointly
owned property, property transferred during the decedent's life, prop-
erty transferred under powers of appointment, property previously
taxed, and all other property. The amounts shown for these items
represent only that part of such property which has been reported for
estate tax purposes. In the case of "Jointly owned property," it is
STATISTICS OF INCOME, PART 1 247
only the value of the decedent's interest in such property which is
reported in gross estate. The item "Transfers during decedent's life"
consists of gifts made in contemplation of death and gifts made to take
effect at or after death. The item ' 'Transfers under powers of appoint-
ment" consists of property over which the decedent had received
a general power of appointment and not property over which the
decedent gave a power of appointment. "Property previously taxed"
consists of property previously subjected to the Federal estate or gift
taxes within the five years next preceding the date of the decedent's
death (or property acquired in exchange therefor).
Sj^ecijic exemption and deduction for property previously taxed. — The
specific exemption and the net deduction for property previously
taxed tabulated for decedents dying after enactment of the Revenue
Act of 1932 are those allowed under the additional tax provisions of
the various acts. The specific exemption thus allowed is $40,000
after the date of enactment of the Revenue Act of 1935, and is $50,000
under the 1932 act or that act as amended by the 1934 act. The specific
exemption of $100,000 under the basic tax provisions of 1926 act has
remained in effect since the effective date of that act. Under the
1924 or prior acts specific exemption is $50,000.
Net estate.- — Net estate represents the amount of gross estate in
excess of the deductions and specific exemption allowed under the
statutory provisions in effect at date of death. For decedents
dying after the effective date of the Revenue Act of 1932, there are
tabulated both net estate for basic tax and net estate for additional tax.
Tax and tax credits. — The estate of a decedent who died subsequent
to the effective date of the Revenue Act of 1932 (5 p. m., June 6,
1932) is subject to two estate taxes — a basic tax and an additional
tax. Until 1939, the basic tax was levied under the Revenue Act of
1926 or that act as amended, and the additional tax was levied under
the Revenue Act of 1932 or that act as amended. The Internal Reve-
nue Code, approved February 10, 1939, incorporated the provisions
of these prior acts, so that the estates of decedents dying after the date
of its enactment are subject to two taxes levied under the Internal
Revenue Code or under the Code as amended. The Revenue Act of
1940 amended the Code by imposing a defense tax equal to 10 percent
of the tax otherwise pavable on the net estate of decedents d3'ing after
June 25, 1940.
The basic tax and the additional tax may both be reduced by credits
for certain taxes paid on property included in the gross estate. The
basic tax may be credited with the amount of any estate, inheritance,
legacy, or succession tax paid to a State or Territory or the District
of Columbia or (if death occurred after the date of enactment of the
Revenue Act of 1939) to any possession of the United States, such
credit not to exceed 80 percent of the basic tax minus the gift tax credit
allowed against the basic tax. The gift tax credit which may be de-
ducted from the basic tax is the total gift tax imposed by the Revenue
Act of 1924 on property required to be included in gross estate and that
portion of the gift tax imposed by the Revenue Act of 1932 which does
not exceed the proportion of the basic tax that the value of included
gift bears to gross estate. A gift tax credit may also be deducted
248 STATISTICS OF INTCOME, PART 1
from the additional tax for gift taxes paid under the Revenue xA.ct of
1932, provided both that the credit must not form a larger proportion
of the total additional tax than the included gift forms of the gross
estate and that it does not exceed the balance of the gift tax not
already credited in connection with the basic estate tax. No credit
is allowed against the additional tax for State death taxes, or for gift
taxes paid under the 1924 act. The total tax liability is the sum of
basic tax and additional tax, both after deduction of tax credits,
and defense tax.
Tax rates, tax credits, and specific exemptions under the Federal
tax laws for 1916 and thereafter are summarized on pages 308-311 of
this report.
DESCRIPTION OF ESTATE TAX TABLES
Data from returns for all citizen (excluding nonresident citizens
who died prior to May 11, 1934) and resident alien decedents are
tabulated in table 1. Data from returns for nonresident alien
decedents (including nonresident citizens who died prior to May 11,
1934) are shown only in table 7, which is a historical summary for
all returns filed. Detailed data are tabulated from returns for
citizen and resident alien decedents dying after the date of enactment
of the Revenue Act of 1935, in tables 2, 3, 4, 5, and 6.
Table 1 is a summary of the returns filed during 1940 for citizens and
resident aliens. It shows the number of returns, items of gross estate
and deductions, net estate, tax liability, and certain information
items, classified by the revenue acts under which the returns wore filed
and by taxable status.
For taxable returns filed during 1940 of decedents who died on or
after August 31, 1935, table 2 shows the same data classified by
size of net estate. The net estate classification is based on the
amount of the net estate for purposes of the additional tax before
deduction of the specific exemption. This "Net estate before spe-
cific exemption" basis, adopted for returns filed during 1938, pro-
vides a classification the year-to-year comparability of which will
not be afi^ected by changes in the amount of the specific exemption.
In Statistics of Income for 1936 and prior years, estate tax returns
filed under the Revenue Act of 1932 or subsequent acts are classified
by size of net estate as determined for purposes of the basic tax under
the Revenue Act of 1926; i. e., after deduction of specific exemption
of $100,000. As compared with this classification, returns filed since
January 1, 1938, are classified, in general, as $100,000 higher than
under the previous method.
Distribution by size of gross estate of returns filed during 1940 for
decedents who died after the date of enactment of the Revenue Act of
1935 is shown in tables 3 and 4, which relate respectively to taxable
and nontaxable returns and show the items of gross estate, deductions,
etc., similar to table 2. For purposes of this classification, gross
estate is defined to include tax-exempt insurance; i. e., insurance not
exceeding in the aggregate $40,000 receivable by beneficiaries other
than the estate.
Table 5 shows by States and Territories the number of returns
filed during 1940 for citizens and resident aliens, separated as to
taxable and nontaxable returns. For taxable returns, it shows number
I
STATISTICS OF INCOME, PART 1 249
of returns, gross estate, net estate, and tax items; and for returns
subject to the basic tax against which the 80 percent credit for State
death taxes is allowed, it shows number of returns, net estate, and
tax items.
In table 6, the total value of real estate reported on returns filed
during 1940 for citizens and resident aliens is distributed both by the
State in which the return was filed and by the State in which the real
estate is located.
A historical summary of selected items for all estate tax returns
filed from September 9, 1916, through December 31, 1940, is given
in table 7.
250
STATISTICS OF ESfCOME, PART 1
Table 1. — Estate tax returns filed during 1940 for citizens^ and resident aliens,
items of gross estate,
[Money figures in
All returns
Total
Taxable
Non-
taxable
Number of returns -
Gross estate, total-.
Real estate, 3 total.
Real estate other than items 5-8, incluslve.
Jointly owned ..--
Transfers during decedent's life
Transfers under power of appointment
Previously taxed
Tangible personal property, total.
Tangible personal property other than items 11-14,
inclusive -
Jointly owned
Transfers during decedent's life
Transfers under power of appointment
Previously taxed
Intangible personal property, total _
Bonds and stocks, total
Bonds, total
Federal Government bonds:
Wholly tax-exempt *
Partially tax-exempt ^--
State and municipal bonds..
All other bonds '..
Capital stock in corporations
Mortgages, notes, and cash *
Taxable insurance (59 less 60)
Other intangibles '
Deductions, total.
Funeral and administrative expenses. -.
Debts of decedent; mortgages and liens -
Net losses during administration
Support of dependents '-
Charitable, public, and similar bequests, total.
Educational, scientific, or literary institutions:
Publicly owned
Privately endowed
Religious
Charitable and all other gifts -
Property previously taxed, net deduction '.
Specific exemption «
Net estate:
Under 1924 act or prior acts
For basic tax (under 1926 act or Internal Revenue Code, or
either as amended)
For additional tax (under 1932 act or that act as amended or
Internal Revenue Code)
For footnotes, see p. 279.
15,435
12, 907
2, 632, 659
2, 447, 960
422, 684
355, 044
360, 432
36, 263
10, 864
1,016
14, 110
301, 746
29, 995
9,137
976
13, 189
34, 818
30, 363
33, 630
237
230
8
713
2, 175, 157
1, 554, 641
473, 368
45, 117
106, 006
166, 728
155,517
1, 081, 273
409, 585
69, 564
141, 367
1, 214, 130
132, 374
258, 546
507
11,413
143, 365
7,524
19, 256
16, 779
99, 806
48, 255
C19, 670
181
1, 048, 519
1, 478, 288
29, 304
197
157
8
697
2, 062, 552
1, 491, 932
457, 531
44, 056
101, 640
164, 529
147, 306
1, 034, 401
379, 518
61, 736
129, 368
968, 692
121, 973
152, 606
207
10, 205
118, 319
6,063
15, 854
11,028
85, 375
48, 002
517, 380
181
1, 048, 519
1, 478, 288
2,528
184, 699
67, 640
58, 686
6,268
1,727
40
920
4,455
4,327
39
72
(13)
16
112, 604
62, 709
15,837
1,061
4,365
2,199
8,211
46, 872
30, 067
7,828
12, 001
245, 438
10, 402
105, 940
300
1,207
25, 045
1,451
3,403
5,751
14, 431
253
102, 290
STATISTICS OF INCOME^ PART 1
251
classified by applicable revenue acts and by taxable status: number of returns,
deductions, net estate, and tax
thousands of dollars]
Returns filed un-
der 1932 act as
amended by 1935
and subsequent
acts,2 or filed un-
der the Internal
Revenue Code or
the Code as
amended (death
on or after Aug.
31, 1935)
Returns filed under
1932 act as
amended by 1934
act 2 (death in
period May 11,
1934, through Aug.
30, 1935)
Returns filed under
1932 act 2 (death
in period 5 p. m.
June 6, 1932,
through May 10,
1934)
Returns filed under
1926 act or that act
as amended (death
in period 10:25
a. m. Feb. 26, 1926,
through 4:59 p. m.
June 6, 1932)
Returns filed
under 1924 act or
prior acts (death
before 10:25 a. m.
Feb. 26, 1926)
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
12, 852
2,476
19
18
21
19
11
13
4
2
1
2,441,527
180, 317
2,000
1,178
1,828
1,469
2,139
1,632
466
105
2
353, 121
65, 887
921
539
453
456
474
718
75
41
3
300, 233
29, 837
8, 954
976
13, 120
57,043
6,183
1,726
40
894
876
8
31
524
15
427
3
23
414
15
135
147
129
663
55
(13)
75
41
4
n
7
6
27
64
8
30, 305
4,396
31
8
13
11
9
40
5
(13)
9
29,247
197
157
8
695
4,270
37
72
(13)
16
30
""-(isy—
6
2
13
11
8
(13)
40
5
(13)
10
11
I''
13
1
14
2, 058, 102
110,035
1,047
631
1,362
1,002
1,656
874
385
63
16
1, 489, 871
457, 225
44, 055
101, 549
164, 495
147, 126
1,032,647
377, 670
61, 538
129, 023
61, 827
15, 597
1,058
4,275
2,140
8,124
46, 230
28,929
7,746
11,532
569
113
1
55
2
55
457
419
41
18
309
470
222
80
3
6
48
24
141
620
6
154
859
131
351
71
162
1
16
87 62
17
18
29 55
10
32
88
729
708
1
87
56
6
9
280
316
66
141
1
1<)
5
54
222
193
10
119
?0
37
408
712
11
169
?1
161
9
145
70
W
9
65"
23
24
26
964, 179
239, 946
1,588
1,475
1,300
1,715
1,340
2,175
285
128
26
121,675
151, 893
206
10, 158
10, 118
104, 192
235
1,180
92
480
28"
99
384
22
6
91
125
110
570
17
16
85
53
73
768
26
7
30
54
(13)
2
25
27
28
?9
15
5
30
118, 285
24, 929
14
64
19
52
2
1
31
6,046
15, 854
11, 028
85, 358
1,441
3,396
5,704
14, 388
17
2"
20
3
14
16
32
"(13)"-
14
4
33
28
33
34
2
1
35
47,882
514, 080
253
99,040
24
950
95
1,100
36
900
1,050
950
1,300
200
100
37
181
38
1, 047, 632
1, 477, 348
12
412
77
528
799
39
40
t
437826—42-
-17
252
STATISTICS OF rNTCOME, PART 1
Table 1. — Estate tax returns filed during 1940 for citizens^ and resident aliens,
items of gross estate, deductions,
[Money figures in
All returns
Total
Taxable
Non-
taxable
60
Basic tax before tax credits (including tax under 1924 act or
prior acts)
Tax credit for gift taxes paid to the Federal Government- _.
Tax credit for inheritance taxes •"
Net tax (41 less 42 and 43) -
Additional tax before tax credit
Tax credit for gift taxes paid to the Federal Government- ..
Net additional tax (45 less 46)
Defense tax '^ . - -
Total tax liabiiity (44 plus 47 and 48)
Information items:
Intangible personal property, total .-.
Intangible personal property other than items 65-58,
inclusive:
Stocks and bonds
Mortgages, notes, and cash •_
Taxable insurance (59 less 60)
Other miscellaneous intangibles •_
Jointly owned
Transfers during decedent's life --
Transfers under power of appointment
Previously taxed
Gross insurance ..-
Tax-exempt insurance " -
57,292
45
46, 337
11,911
238, 393
130
238, 263
186
250, 360
2, 175, 157
1,417,003
357, 477
69, 564
127, 806
48,854
80, 157
8,419
65, 878
164,405
94, 841
57, 292
45
45, 337
11,911
238, 393
130
238, 263
186
250, 360
2, 062, 552
1, 357, 972
330, 288
61, 736
116,503
46,020
77, 424
7,948
64, 663
142, 486
80,749
112, 604
59, 031
27, 189
7,828
11,303
2,834
2,733
471
1,216
21,919
14, 091
For footnotes, see p. 279.
STATISTICS OF INCOME, PART 1
253
classified by applicable revenue acts and by taxable status: number of returns,
net estate, and tax — Continued
thousands of dollars]
Returns filed un-
der 1932 act as
amended by 1935
and subsequent
acts,2 or filed un-
der the Internal
Revenue Code or
the Code as
amended (death
on or after Aug.
31, 1935)
Returnsfiled under
1932 act as
amended by 1934
act 2 (death in
period May 11,
1934, through Aug.
30, 1935)
Returns filed under
1932 act 2 (death
in period 6 p. m.
June 6, 1932,
through May 10,
1934).
Returns filed under
1926 act or that act
as amended (death
in period 10:25
a. m. Feb. 26, 1926,
through 4:59 p. m.
June C, 1932)
Returns filed
under 1924 act or
prior acts (death
before 10:25 a. m.
Feb. 26, 1926)
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
Taxable
Non-
taxable
57, 275
45
45,327
11,904
(13)
1
14
2
41
4'>
(13)
(13)
(13)
1
10
4
(13)
2
48
44
238, 368
130
9
15
4f(
46
238,238
9
15
47
186
250,328
4K
9
16
4
2
49
2,058,102
110,035
1,047
631
1,362
1,002
1,656
874
385
63
50
1, 356, 797
328, (195
61, .138
116,197
45, 790
76, 667
7,899
64,520
58, 197
26, 107
7, 746
10, 834
2,737
2,731
471
1,212
438
383
41
17
14
38
50
67
309
192
10
119
1
329
708
11
163
6
145
221
609
6
154
6
2
247
492
1
57
209
574
304
273
66
141
91
162
9
145
70
51
9
62
63
65
64
5R
56
67
3
76
68
142, 119
80, 581
21, 647
13,902
70
29
21
11
100
89
99
93
62
51
151
86
145
(13)
(13)
60
fin
254
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other than items 5-8, inc
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taxed
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2
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irsonal property other thi
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uring decedent's life
nder power of appointme
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"3
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1
£
ft
"3
a
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2
stocks, total
total
leral Government bonds;
Wholly tax-exempt * _.
Partially tax-exempt *. .
te and municipal bonds.
other bonds
stock in corporations. . .
notes, and cash ' _.
lurance (48 less 49)
igihles '
J p ',
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ntly own
ansfers d
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eviously
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ansfers d'
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eviously
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STATISTICS OF INCOME^ PART 1
267
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268
STATISTICS OF INCOME, PART 1
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STATISTICS OF INCOME, PART 1
269
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270
STATISTICS OF INCOME, PART 1
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272
STATISTICS OF INCOME, PART 1
Table 6. — Estate tax returns filed during 1940 for citizens ' and resident aliens:
returns were filed and
[Thousands
States and Territories in
which returns were filed
(domicile of decedents at
date of death)
Situs of real estate
Total
Alabama
Alaska
Arizona
Arkansas
Califor-
nia
Colorado
\
Alabama
3,632
26
513
1,768
49. 323
2,586
9, 530
1,047
7,036
9,130
4,914
1,025
508
32, 913
8,184
13, 592
7,978
5,355
5,016
2.415
7,049
16, 423
11. 268
4,323
2,029
6,273
1,662
4,699
417
1,260
15, 101
497
63, 450
6,467
416
22, 024
4,179
3,164
31, 418
4,225
2,088
564
3,165
19, 380
653
1,017
7,843
4,071
3,361
7,045
662
3,436
11
Alaska
26
^
340
114
109
1
1
45,686
110
10
9
4
2
1,571
2
(13)
67
2,217
fi
6
Colorado
7
29
S
9
District of Columbia
(")
19
12
10
Florida --
5
11
15
11
l-J
IS
14
Illinois
5
(13)
(13)
21
5
74
183
6
22
4
6
2
5
22
If)
Indiana .
16
17
1
IS
5
(13)
1<>
163
•>()
?1
1
53
15
35
4
61
60
28
21
?9
14
1
1
•j^
Michigan
13
2
1
21
23
?4
Minnesota -.
23
?fi
43
10
■Jfi
2
16
97
Montana
OS5
Nebraska
33
9q
an
31
(13)
44
40
25
700
(13)
R'>
1
33
as
New York
7
20
14
34
3fi
North Dakota
16
198
27
46
83
afi
Ohio
(13)
10
35
6
ay
Oklahoma
10
6
33
38
3P
3
8
40
41
South Carolina
4?
South Dakota . - .
1
15
33
1
43
8
2
68
11
44
Texas
7
23
45
Utah
46
Vermont
1
47
Virginia . ..
(13)
1
21
(13)
9
13
1
48
4'»
(13)
50
45
1
51
Wyoming .. .
Total .--
5?
422, 684
3,665
26
781
2,016
47,437
2,487
For footnotes; see p. 279.
STATISTICS OF INCOME, PART 1
273
total reported value of real estate '* classified hy States and Territories in which
by situs of real estate
of dollars]
Situs of real estate— Continued
Connect-
icut
Delaware
District of
Columbia
Florida
Georgia
Hawaii
Idaho
Illi-
nois
Indiana
Iowa
Kansas
25
51
8
1
9.
20
5
80
71
(13)
492
12
3
3
13
. -- -
1
69
4
66
10
8
50
7
286
57
16
84
17
5
6
7,723
110
7
967
7
11
6
4
502
8
6,409
171
17
5, 31S
175
9
7
38
4,606
446
1
10
12
10
n
948
1?,
468
4
1
30, 297
103
69
31
(13)
23
(13)
5
207
7,542
2
13
22
232
(13)'
2
21
20
3
101
59
122
3
1
364
7
12, 501
13
42
3
74
7,569
14
15
3
1
16
17
18
19
20
11
52
20
7
335
21
66
4
18
22
(13)
18
4
23
24
25
(13)
7
1
18
47
13
4'
44
138
26
27
1
14
69
28
29
104
105
86
1
2
(13)
22
8
30
317
17
17
31
32
812
7
90
706
19
8
87
161
14
9
256
42
5
ii
33
34
35
38
46
88
110
12
43
4
10
36
37
(13)
15
3
n
3
13
38
54
12
565
2
27
4
4
20
4
39
40
33
53
41
42
(13)
11
12
6
8
43
(13)
138
44
(13)
45
73
229
23
120
5
35
30
46
10
4
73
19
47
270
48
3
22
119
1
49
3
2
40
14
60
13
50
7
51
9,086
1,063
7,490
8,177
5,021
948
790
32, 389
8,556
13,456 8,210
52
274
STATISTICS OF INCOME, PART 1
Table 6.— Estate tax returns filed during 1940 for citizens ' and resident aliens:
returns were filed and by situs
[Thousands
States and Territories in
which returns were filed
(domicile of decedents at
date of death)
Situs of real estate-
-Continued
Ken-
tucky
Louisi-
ana
Maine
Mary-
land
Massa-
chusetts
Michi-
gan
Minne-
sota
1
Alabama .- .
7
?.
Alaska __-
3
Arizona
4
Arkansas
38
9
1
220
5
California - -
2
11
32
115
1
(13)
6
Colorado -
7
Connecticut...
Delaware.-- _. ._
15
559
10
9
14
23
6
259
97
84
(13)
8
9
District of Columbia
1
1
16
2
9
15
in
Florida . .. - . . . _ .
24
3
89
43
ti
Georgia
n
n
Idaho
14
Illinois..
20
20
39
10
15
153
251
28
3
196
22
3
15
Indiana
21
ifi
Iowa -- -
17
Kansas .
(13)
1
18
Kentucky
5,238
31
19
Louisiana
4,586
(13)
2
?n
Maine ._ _..
2,117
12
753
"'6,'220"
15
13
76
7
14.512
27
1
1
3
3,992
?i
Maryland
??
Massachusetts - _ . .
13
10, 798
?3
Michigan . .
?4
Minnesota
?r,
Mississippi
15
?r.
Missouri...
1
10
2
?7
Montana
?8
Nebraska
W
39
19
71
30
New Hampshire ........
2
21
31
(13)
2
3?
New Mexico
33
New York
2
3
4
43
40
66
400
5
125
104
34
North Carolina
35
North Dakota .....
27
6
3
36
Ohio
74
1
3
1
6
44
59
38
39
Pennsylvania..
(13)
99
3
70
76
85
21
3
40
41
South Carolina
4?
1
43
9
36
10
44
Texas
21
45
Utah
4fi
1
2
3
12
47
58
39
48
(13)
1
2
7
49
(.3)
50
114
51
Total
5?
5,481
4,828
3,659
6,820
15, 560
11, 856
4,577
For footnotes, see p. 279.
STATISTICS OF INCOME^ PART 1
275
total reported value of real estate ^* classified by States and Territories in which
of real estate — Continued
of dollars]
Situs of real estate— Continued
Missis-
sippi
Mis-
souri
Mon-
tana
Ne-
braska
Ne-
vada
New
Hamp-
shire
New
Jersey
New
Mexico
New
York
North
Caro-
lina
North
Dakota
4
(13)
(13)
1
?
7
14
3
(13)
66
6
22
7
8
90
4
10
98
386
19
30
9
(13)
7
71
(13)
694
32
19
1,208
(13)
8
218
5
6
6
9
17
2
7
S
6
111
5
11
17
56
14
72'
q
19
9
1
10
6
11
78
1?
13
4
46
9
6
36
37
46
3
38
14
15
115
96
(13)
31
177
1
26
27
16
(.3)
11
53
17
(13)
4
2
3
18
8
184
14
62
55
(13)
IQ
(13)
(13)
18
42
..
?0
?1
(13)
(13)
6
147
2
5
9
13
?.?.
4
?3
1
35
■^4
1,864
2
25
(13)
2
25
5,688
3
(13)
4
16
73
(13)
?fi
1,295
4
27
4,453
5
32
9
28
133
""'881'
41
3
135
50
1,544
?9
2
30
12, 191
"""393"
63
2
31
32
9
11
3
39
798
57, 381
44
76
6,084
4
33
34
366
(13)
35
18
3
36
7
6
36
7
11
(13)
16
37
8
366
41
38
32
569
27
11
39
40
13
41
2
4?
42
44
29
4
43
22
(13)
(13)
23
25
7
44
(13)
45
4
25
(13)
23
9
84
1
46
2
39
47
28
48
(13)
(13)
1
49
16
28
6
(13)
58
50
6
51
2,042
6,344
1,664
5,208
164
1,210
13, 759
690
62, 199
6,328
776
52
276
STATISTICS OF INCOME, PART 1
Table 6. — Estate tax returns filed during 1940 for citizens ' and resident aliens.
returns were filed and by situs
[Thousands
States and Territories in
which returns were filed
(domicile of decedents at
date of death)
Situs of real estate— Continued
Ohio
Okla-
homa
Ore-
gon
Penn-
syl-
vania
Rhode
Island
South
Caro-
lina
South
Dakota
Ten-
nes-
see
1
Alabama
(13)
?
Alaska
3
Arizona.
1
1
21
(.3)
13
4
Arkansas
3
6
r<
93
5
4
223
74"
8
5
10
74
158
2
17
(13)
(13)
f.
Colorado .-_ _.
7
Connecticut
94
S
Delaware - .--
9
District of Columbia
97
224
1
9
2"
in
Florida
28
2
9
8
11
Georgia -.
^?.
Hawaii
13
Idaho - --
2
259
(13)
16
87
(13)
(13)
13
2
26"
14
Illinois
54
86
30
25
28
30
14
4
IR
Indiana
Ifi
Iowa
152
17
Kansas
18
Kentucky -
2
6
32
1<)
Louisiana -
(13)
1
12
93
41
1
7
?n
?:i
Maryland .-
55
4
3
(13)
?i^
Massachusetts --.
4
1
1
23
6
28
86
18
?3
Michican . .
1
8
(13)
4
16"
16
1
?4
Minnesota
?R
?fi
Missouri
4
7
2
1
?7
Montana
?8
Nebraska
6
3
?9
Nevada _
30
New Hampshire
3
126
8
266
40
71
534
39
311
28
31
New Jersey - .
(13)
10
44
---
(13)
3?
New Mexico
33
New York -
46
144
11
27
50
34
North Carolina
35
North Dakota
36
Ohio
20, 897
9
3,771
3
"3,649"
35
30
21
'28,"372"
12
37
Oklahoma.
49
(13)
"'4,633'
1
6
38
3q
Pennsylvania
259
6
7
20
1,958
2
40
Rhode Island
41
South Carolina - .
4?
South Dakota
561
"'2,' 824"
5
43
44
Texas -
56
8
(13)
45
TTtah
46
Vermont ...
46
30
7
(13)
5
47
Virginia
1
33
48
107
1
4^
West Virginia
206
(13)
7
5
50
Vv'^isfonsin
13
51
Wyoming .
Total
5?
22, 506
4,355
3,587
29, 979
4,400
2,169
799
3.005
For footnotes, see p. 279.
STATISTICS OF INCOME, PART 1
277
total reported value of real estate '' classified by States and Territories in which
of real estate — Continued
of dollara]
Situs of real estate— Continued
Texas
Utah
Ver-
mont
Vir-
ginia
Wash-
ing-
ton
West
Vir-
ginia
Wis-
con-
sin
Wyo-
ming
United
States
posses-
sions
Foreign
countries
Situs
not re-
ported
9
82
1
?
2
6
224
('»)
4
53
22
72
12
8
3
4
73
314
42
4
18
6
5
45
6
5
5
79
7
8
(»)
93
5
29
6
34
(13)
105
(13)
82
18
9
52
2
3
10
n
1?
10
23
(13)*
2
10
191
43
123
36
52
1
16
44
16
69
58
19
5
16
12
13
26
5
8
60
2
49
3
1
6
10
2
6
5
64
—
342
17
(.3)
1
1
14
15
(13)
6
16
1
2
17
8
18
15
19
?0
111
(IS)
241
(13)
1
16
188
4
73
1
?1
12
??.
(13)
?3
23
24
25
96
2
31
4
20
6
?6
282
(13)
27
1
1
?«
82
?9
3
11
4
30
(>»)
6
1
31
32
22
9
79
160
7
9
55
214
1
39
120
33
34
35
10
144
8
57
..
(13)
166
72
36
^7
14
2
.
38
16
2
1
8
98
1
481
4
39
40
2
1
41
42
26
18, 882
49
6
86
34
43
4
(13)
44
602
1
45
759
"7,088"
(13)
"'§,"525'
7"
(IS)
3
29
18
399
46
(")
13
(IS)
52
21
47
48
1
2,715
49
6,480
1
586
50
5
51
19, 745
688
929
7,681
4,446
2,913
7,666
674
45
20
2,516
62
278
STATISTICS OF INCOME, PART 1
Table 7. — Estate tax returns for citizens and aliens filed September 9, 1916, through
December 31, 1940, historical summary: number of returns, gross estate, net
taxable estate, and tax 20
[Money figures in thousands of dollars]
Returns filed for —
Gross estate
FDing period
Total
Citizens '
and resi-
dent aliens
Nonresi-
dent
aliens 21
Total
Citizens •
and resi-
dent aliens
Nonresi-
dent
aliens 21
Sept. 9, 1916-Jan. 16, 1922
45, 126
13, 876
15, 119
14, 513
16, 019
14, 567
10, 700
10, 236
10, 343
10, 382
9,889
8,607
10, 275
11,853
12, 724
13, 321
17, 032
17, 642
16, 926
16, 876
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
15, 932
15, 221
15, 435
2,896
1.313
1,166
1,602
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
1,710
1,706
1,441
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
3, 069, 625
2, 767, 888
2, 648, 199
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
3, 046, 977
2, 746, 143
2, 632, 659
107, 697
Jan. 15-Dec. 31, 1922
58, 113
Jan. 1-Dec. 31:
1923 - -
29, 687
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, 026
193422
23,178
193522 _ _
24, 609
1936 22
16, 163
193722
26, 019
193822
22, 648
193922 -
21, 745
194022
15, 540
Net taxable estate
Tax
Filing period
Total
Citizens '
and resi-
dent aliens
Nonresi-
dent
aliens 21
Total
Citizens '
and resi-
dent aliens
Nonresi-
dent
aliens 21
Sept. 9, 1916-Jan. 16, 1922 .
5, 609. 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
1, 000, 924
1, 170, 566
1, 339, 776
1, 260, 022
1, 646, 613
1, 745, 259
1, 558, 322
1, 493, 184
5, 407, 674
1, 652, 832
1,504,621
1, 372, 421
1, 621, 008
1, 961, 969
1, 735, 840
1,943,429
2, 268, 323
2, 376, 973
2, 327, 319
1,391,569
970, 868
1,150,533
1, 316, 888
1, 245, 395
1, 622, 618
1, 724, 589
1, 537, 975
1,479,268
101,849
52, 142
27, 440
23, 395
37, 861
20, 567
25, 777
49, 075
45, 653
60, 481
29, 013
31, 868
30, 056
20, 033
22, 888
14, 627
23, 995
20,670
20,347
13,916
356, 516
120,562
89, 109
71, 939
87, 322
101,805
41,686
41.959
44, 388
41,617
46. 200
23, 674
61,415
96,216
155,466
196, 370
308, 450
316,802
278, 938
251, 566
361. 138
117, 624
88, 384
71,461
86,223
101. 324
40, 931
40, 561
43, 303
39, 003
44, 640
22, 364
59, 429
96, 228
163, 763
195,301
305, 784
314, 620
276, 707
250. 360
5,378
Jan. 15-Dec. 31, 1922
2,938
Jan. 1-Dec. 31:
1923
726
1924
488
1925
1,099
1926
481
1927
766
1928 - -.-
1,398
1929...
1,085
1930 . -
2,614
660
1931
1932
1,310
193322
1,986
193422.. ..
988
193522..
1,703
1936 22
1,069
193722
2,665
1938 22
2,182
193922...
2,231
1940 22
1,196
For footnotes, see p. 279.
STATISTICS OF INCOME^ PART 1
279
Footnotes for estate tax tables 1-7, pages 250-278
1 Excludes returns filed for nonresident citizens
who died prior to May 11, 1934.
2 Returns filed under the Revenue Act of 1932 or
that act as amended are subject also to applicable
provisions of the Revenue Act of 1926.
3 Tabulated amounts represent full value of real
estate reported in schedule A, Form 706, and not
the equitv therein. Outstanding mortgages and
liens are included in "Debts of decedent; mortgages
and liens," item 28.
* Classified on basis of taxable and nontaxable
interest income for Federal income tax and corre-
sponds to the classification in other sections of this
report. The interest on wholly tax-exempt Federal
Government bonds is exempt from both the normal
tax and surtax of the Federal income tax; the interest
on partially tax-exempt Federal Government bonds
is exempt only from the normal tax. United States
savings bonds and Treasury bonds, of which the
interest on a principal amount not in excess of $5,000
is wholly exempt, are included in partially tax-
exempt Federal Government bonds. All such
bonds are fully taxable for estate tax when owned
by citizens and resident aliens.
5 Cash of all kinds classified as intangible property.
* Includes such items as: interest in partnerships,
estates, and trust funds; accounts receivable, claims,
judgments, leaseholds, trade-marks, rights, royalties;
and amounts due from rciirement funds, pensions,
and annuities: interest, dividends, and rents accrued.
" Amounts allowed by the law of certain States
and actually disbursed for the support of depend-
ents of the decedent during settlement of the estate.
s The basis for the valuation of property previously
ta.xed is the value as finally determined in the case
of prior decedent or donor, or the value included in
gross estate of present decedent, whichever is lower.
Subject to certain conditions and limitations, the
net deduction for property previously taxed is such
value less a proportionate reduction. This reduc-
tion is the proportion of total deductions, except
previously taxed property, which previously taxed
property bears to gross estate. The net deduction
for property previously taxed tabulated for returns
of decedents who died on or after 5 p. m. June 6, 1932,
is the deduction computed for purposes of the addi-
tional tax, not the deduction computed for purposes
of the basic tax.
9 Specific exemption under additional tax provi-
sions of the Internal Revenue Code and under
Revenue Act of 1932 as amended by Revenue Act of
1935 is $40,000; under Revenue Act of 1932, or that act
as amended by Revenue Act of 1934, .$50,000; under
basic tax provisions of the Internal Revenue Code
and under the Revenue Act of 1926, $100,000; under
Revenue Act of 1924, or prior acts, $50,000.
1" Estate, inheritance, legacy, or succession taxes
paid to States, Territories, District of Columbia, or
(after the date of enactment of the Revenue Act of
1939) to United States possessions.
"On returns of decedents who died after the date of
enactment of the Revenue Act of 1940 (June 25, 1940) .
12 Amount receivable by beneficiaries other than
the estate, not to exceed in aggregate $40,000.
•■< Uess than $500.
'< Net estate and specific e.xemption as provided
under the Revenue Act of 1932 as amended by the
Revenue Act of 1935 and subsequent acts, or under
the additional tax provisions of the Internal Revenue
Code. The specific exemption thus allowed is
$40,000.
's Gross estate classes are based on total gross estate
Iilus tax-e.xempt insurance.
"■• Negative amount.
1 ' For decedents dying after 5 p.m. June 6, 1932, net
estate is that subject to the additional tax imposed by
the Revenue Act of 1932, or that act as amended, or
b.\ the Internal Revenue Code.
's Taxable under provisions of the Revenue Act of
1926 or that act as amended or under the basic tax
provisions of the Internal Revenue Code or the code
as amended.
's Includes amounts reported as real estate (sched-
ule A, Form 706, revised September 1936) and also
real estate reported as (1) jointly owned property
(schedule E). (2) transfers made in contemplation
of or intended to take effect at or after death (sched-
ule G), (3) passing under general powers of appoint-
ment exercised by will or deed in contemplation of
death (schedule H) , and (4) property received from
an estate or by gift previously taxed within five years
(schedule I). This aggregate corresponds to the
total value of real estate tabulated as item 3 in table 1.
20 Changes in the revenue acts afTecting the com-
parability of statistical data from estate tax returns
are summarized on pp. 308-311.
21 Includes returns for nonresident citizens who
died prior to May 11, 1934.
22 The net taxable estate tabulated for decedents
who died after 5 p. m. June 6, 1932, is net estate sub-
ject to the additional tax under the Revenue Act of
1932, or that act as amended, or the Internal Revenue
Code. The tax is the net basic tax (after all credits)
under the Revenue Act of 1926 or the Internal Reve-
nue Code, or either as amended, plus the net addi-
tional tax (after credit) under the Revenue Act of
1932 or the Internal Revenue Code, or either as
amended, and, for 1940, plus the defense tax under
the Code as amended.
GIFT TAX RETURNS
281
GIFT TAX RETURNS
The gift tax, which is payable by the donor, is imposed upon the
transfer of property by gift and attaches to the total taxable transfers
made during a calendar year rather than to separate gifts. The
relationship of the donor to the recipient has no bearing on the tax
liability. The gift tax returns tabulated in this report are for gifts
transferred during 1939 under the applicable provisions of the Reve-
nue Act of 1932 as amended by subsequent acts. The major change
affecting gifts made during 1939 is the reduction of the exclusion of
the first $5,000 of gifts to any one recipient to $4,000. This reduc-
tion does not apply to any computation in respect to previous years
for the purpose of computing the tax for the calendar year 1939.
Exclusion of the first $4,000 of gifts to any one recipient is not deducti-
ble in case of a gift in trust or of a future interest.
FILING REQUIREMENTS
A gift tax return is required of any citizen of the United States or
resident alien who during the calendar year 1939 transferred to any
one recipient total gifts of more than $4,000 in value, or, regardless of
value, made gifts in trust or of a future interest in property. A return
is similarly required of a nom'esident alien if the gift consisted of
property situated in the United States. These requirements apply
whether or not a tax is due.
SUMMARY DATA
The total number of gift tax returns for the calendar vear 1939 is
12,226, of which 3,929 are taxable and 8,297 nontaxable. Total
gifts before exclusions amount to $371,603,960. Net gifts subject to
tax are $131,576,849. In arriving at net gifts subject to tax, there
are deducted from total gifts (1) exclusions of the first $4,000 to each
recipient, aggregating $69,857,000, (2) charitable, public, and similar
gifts exceeding the exclusions thereon of $43,894,428, and (3) specific
exemption of $126,275,683. The tax liabihty is $18,701,177.
As compared with the preceding year, the number of returns in-
creased 1,184. or 10.7 percent; total gifts decreased $28,169,264, or 7.0
percent; net gifts decreased $7,224,441, or 5.2 percent; and tax
liability increased $862,332, or 4.8 percent.
The statistics are taken from gift tax returns as filed by the tax-
payer, prior to any re\'isions that may be made as a result of audit
by the Bureau of Internal Revenue. The amount of tax liability
shown on returns filed in a given year does not agree with tax collec-
tions in that year for the following reasons: (1) Payment of the tax
is sometimes deferred, (2) deferred payments are received on returns
filed in prior years, (3) adjustments resulting from audit may be made
within the year of filing, and (4) interest and penalties are excluded
from this report.
283
437826 — 42 19
284 STATISTICS OF. INCOME, PART 1
TAX COMPUTATION
Net gifts for tax computation exclude (1) the first $4,000 of gifts
other than gifts in trust or of future interests in property made to any
one recipient, (2) charitable, public, and similar gifts in excess of
exclusions thereon (this deduction being allowed nonresident aliens
only under specified conditions), and (3) in case of citizens and resi-
dent aliens, the amount of specific exemption deducted in the current
year.
The tax liability is the difference between (1) a tax on the aggregate
net gifts made since June 6, 1932, computed at rates in effect for the
current year, and (2) a tax computed at the same rates on the aggre-
gate net gifts exclusive of current year gifts. The application of the
progressive tax rates to the aggregate net gifts in each succeedmg year
results in the current year net gifts being taxed at the same rate or a
higher rate than previously applicable. Because of the cumulation
of net gifts, progression of tax rates, and the variations in exclusions,
deductions, and specific exemption claimed on each return, individuals
reporting the same amount of total gifts in the current year may have
different tax liabilities,
DEFINITIONS OF ITEMS
Total gifts.—The term "Total gifts" or "Total gifts before exclu-
sions" means the total reported value of all property transferred by
gift before excluding the first $4,000 of aggregate gifts (other than
gifts in trust or of a future interest in property) made to any one
recipient. "Total gifts" include the entire value of gifts transferred
in trust or of a future interest in property. However, gifts to any
one recipient totaling $4,000 or less other than those in trust or of a
future interest, are excluded.
Exclusions. — Exclusions represent the first $4,000 of gifts, other
than gifts in trust or of future interests in property, made to any one
recipient during the calendar year, which for the purpose of comput-
ing net gifts and tax are excluded from the amount of total gifts for
the year.
Total gifts after exclusions. — This amount is the difference between
total gifts and exclusions and represents statutory total gifts.
Specific exemption. — In determining the amount of net gifts, there
may be deducted in the case of each citizen and resident alien a
specific exemption of $40,000 less the sum of the amounts claimed
and allowed as an exemption in prior years. At the option of the
taxpayer, this exemption may be taken in its entirety in a single year
or may be spread over a period of years. Under effective acts for
years 1932-1935 the corresponding exemption was $50,000. In case
the taxpayer has taken exemption in excess of $40,000 during 1932-
1935, the amount of the excess is added to the net gifts carried forward
for the purpose of computing the tax liability for the current year.
Net gifts. — The term "Net gifts" means the total gifts after exclu-
sions (statutory total gifts) less the deductions for charitable, public,
and similar gifts in excess of the exclusions for such gifts, and less so
much of the specific exemption as the taxpayer claims for the current
year.
The gift tax rates, exclusions, specific exemptions, and deductions
allowed under the several revenue acts applicable to gifts are sum-
marized on page 312 of this report.
STATISTICS OF INCOME/ PART 1 285
GIFTS
For this report the various types of property comprising total gifts
have been classified into five groups: real estate, stocks and bonds,
cash, insurance (including premiums paid), and miscellaneous. The
miscellaneous group includes such diverse items as jewelry, objects of
art, copyrights, forgiveness of debts, interest in a business, assign-
ment of judgments, etc.
As in former years, gifts of stocks and bonds are the largest of the
five groups (see table 3). Of the total gifts for 1939, stocks and bonds
comprise 50.8 percent, cash 19.6 percent, real estate 10.3 percent,
insurance 5.7 percent, and miscellaneous gifts 13.5 percent.
Gifts made by transfers in trust amount to $98,671,037, or 26.6
percent of the total gifts. Stocks and bonds comprise 67.2 percent
of gifts transferred in this manner, and cash comprises 10.5 percent.
Charitable, public, and similar gifts amount to $50,783,428, or 13.7
percent of the total gifts before exclusions. Such gifts are entirely
deductible, since an exclusion is granted the first $4,000 given each
recipient and the balance is allowed as a deduction from total gifts
after exclusions. Charitable exclusions amount to $6,889,000 and
the balance for charitable deduction is $43,894,428.
IDENTICAL DONORS
Identical donors comprise only individuals who report on their
1939 return gifts other than charitable, public, or similar gifts
for both the current year and a prior year or years (subsequent to
June 6, 1932). Therefore they do not include individuals reporting
only charitable gifts in the current year, nor individuals who reported
in a prior year only charitable gifts.
Of the 5,125 identical donors in 1939 there are 1,979 nontaxable,
although 31 had previously paid a gift tax, and 3,146 taxable, 661 of
whom had not pre^nouslv been taxed (see table 4). The initial tax
liability of the 661 donors is $839,568, v.^hilc the tax liability for the
2,485 who had previoush' paid tax is $15,888,599, or 85.0 percent of
the total tax liability of all returns for 1939. The effective tax rate
for this group of donors is 17.8 percent and indicates the effect of the
progi'essive tax method, as compared with the 5.8 percent effective
rate for the 661 identical donors not previously taxed.
In table 5 the 2,485 returns for identical donors who are taxable in
1939 and also paid tax in prior years are classifipd by size of net gifts
for 1939 and by size of net gifts for prior years. In both classifica-
tions the amounts of net gifts are after (1) exclusions of the first $4,000
(for prior years, the first $5,000) for each recipient, (2) deduction for
gifts for charitable and public uses, in excess of exclusions thereon,
and (3) the specific exemption not exceeding $40,000 taken by
the donor.
DESCRIPTION OF GIFT TAX TABLES
Tables 1, 2, 2-A, and 3 pertain to all gift tax returns for 1939.
Table 1 presents separately for taxable and nontaxable returns the
number of returns, total gifts before exclusions by kind of property,
exclusions, total gifts after exclusions, deductions, net gifts, and tax,
classified by size of net gifts for 1939. The same data, with the
exception of the breakdown of total gifts before exclusions by kind
286
STATISTICS OF INCOME, PART 1
of property, are shown in table 2 classified by size of total gift plus tax,
and in table 2-A classified by size of total gifts. The classification
in table 2 by size of total gift plus tax is used for the first time in
this report and is based on the amount of the current year total gifts
before exclusions plus the current year tax. Classification on this
basis is more comparable with the size classifications of gross estate
and net estate, since the estate tax classifications are based on the
amounts before Federal tax payments. Table 3 presents by kind of
property the amount of gifts transferred in trust.
Tables 4 and 5 contahi returns for individuals classified as identical
donors, namely, those who made gifts other than charitable gifts
during 1939 and one or more prior years. Table 4 presents such
returns by taxable status in 1939 and in prior years, showing number
of returns, net gifts, and tax. Table 5 shows the number of returns
of identical donors taxable both in 1939 and in prior years, classified
by size of net gifts for 1939 and by size of net gifts for prior years.
Historical data for 1932 through 1939, for number of returns, total
gifts, net gifts, and tax, are given in table 6.
Table 1. — Gift tax returns for 1939, by net gift classes:^ number of returns, total gifts
by kind 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 before exclusions by kind of property-
Net gift classes '
Total
Real
estate
Stocks
and
bonds
Cash
Insurance
Miscel-
laneous
Nontaxable returns:
8,297
152,010
24, 525
64, 848
30, 914
9,128
22, 595
Taxable returns:
1,391
642
643
334
200
138
332
160
61
12
4
4
2
2
1
1
1
27. 518
15, 738
.3,971
1.0.56
9,494
6,981
9,212
6,749
10, 354
4, 537
18, 438
18, 408
14, 528
5,891
3,057
3,647
2,298
1,898
2,423
2,057
3,503
6,481
4,310
5,922
4,139
2,977
1,968
6,237
4,624
3, 353
26
192
19
127
1,642
30
9
1,575
1,389
1,749
1,480
746
654
2,196
1,398
647
53
5,997
2,001
10 under 20
21, 297 1. 505
2,909
20 under 30 - -
15,906
16, 256
9,126
31, 928
28, 307
20,293
6,011
3,268
3,666
2,575
3,822
2,454
2,671
3,504
1,310
1,219
616
1,628
2,033
423
6
17
2,229
30 under 40
958
40 under 50
1,350
50 under 100 . _-.
3,429
100 under 200
200 under 400 . .
1,844
1,342
400 under 600
35
600 under 800 .-
1
800 under 1,000
1.000 under 1,500
123
---
27
1,500 under 2,000 -
217
2,000 under 2,500
2,500 under 3,000.-
5
3,000 under 3,500
3,500 under 4,000
4,000 under 4,500--. -- -
■
4,500 under 5,000
1
5.256
5, 256
Total taxable returns
3,929
219, 594
13,908
124,077
42,054
11, 954
27, 601
Grand total ._
12, 226
371, 604
38, 433
188, 926
72, 968
21, 081
50, 196
For footnotes, see p. 294.
STATISTICS OF INCOME, PART 1
287
Table 1. — Gifl tax returns for 1939, by net gift classes:^ number of returns, total gifts
by kind of property, exclusions, total gifts after exchisions, deductions, net gifts, and
tax — Continued
[Net gift classes and money figures in thousands of dollars]
Exclusions of the first $4,000
given each recipient ^
Total
gifts
after
exclusions
Deductions
Net gift classes '
Total
Charita-
ble,
public,
and
similar
gifts
Other
gifts
Total
Charita-
ble,
public,
and
similar
gifts after
exclu-
sions 3
Specific
exemp-
tion
claimed
for 1939
gifts «
Nontaxable returns:
41, 936
3,760
38, 176
110,074
110,074
18, 829
91, 245
Taxable returns:
8,616
4,080
4,488
2,440
2,192
900
2,744
1,620
508
80
93
36
32
52
20
4
12
792
432
328
260
252
72
324
396
136
4
61
4
16
32
..
12
7,824
3,648
4,160
2,180
1,940
828
2,420
1,224
372
76
32
32
16
20
20
18,902
11, 658
16,809
13, 466
14, 064
8,226
29,184
26, 687
19, 785
5,931
3,175
3,630
2,543
3,770
2,434
2,667
3,492
15, 999
7,053
7,801
5. 300
7,228
2,066
6,233
4,158
2,646
263
568
81
29
261
7, 542
1,499
1,563
1,535
5,207
230
1,729
2,363
2,110
23
568
1
29
261
8. 456
10 under 20---
6,238
20 under 30
3,771
30 under 40 . - .
2,021
40 under 50
1,836
50 under 100 - - -
4,504
100 under 200 ---
1,795
200 under 400 ---
[537
400 under 600
L240
600 under 800
800 under 1,000
80
1,000 under 1,500 ..
1,500 under 2,000 ...
2 000 under 2,500
2 500 under 3,000
1
77
1
77
3,000 under 3,500. ---
3,500 under 4,000
4,000 under 4,500
4,500 under 5,000
4
4
5,252
327
327
Total taxable returns
27, 921
3,129
24, 792
191, 673
60, 096
25, 065
35,031
Grand total
69, 857
6,889
62, 968
301, 747
170, 170
43, 894
126, 276
Net gift classes '
Nontaxable returns:
No net gifts
Taxable returns:
Under 5
5 under 10
10 under 20
20 under 30
30 under 40
40 under 50
5<1 under 100
100 under 200
200 under 400
400 under 600
600 under 800
800 under 1,000..
1,000 under 1,500.
1,500 under 2,000-
2,000 under 2,500.
2,500 under 3,000-
3,000 under 3,500.
3,500 under 4,000.
4,000 under 4,500.
4,500 under 5,000.
Net gifts
Total
? 137, 519
232, 044
57, 830
60, 973
32, 435
21, 361
20,498
57, 967
66, 503
46, 704
8,255
7,188
4,021
4,417
11,670
3,578
3,491
5,175
5,335
Total taxable returns .
Grand total
649, 442
Prior
years '
137, 519
Tax
Total
7 27, 643
229, 141
53, 224
51, 965
24, 274
14, 525
14, 337
35, 016
43, 973
29,566
2,587
4,581
472
1,903
8,161
1,144
825
1,760
517, 865
2, 903
4,605
9,009
8,161
6, 836
6,160
22, 951
22,529
17, 138
5,668
2,607
3,548
2.514
3, 509
2,434
2,666
3,414
4, 925
131, 577
70, 171
7,420
7,690
3,512
2,065
2,419
7,159
10, 783
8,950
1,350
1,591
680
961
3,751
907
876
1,515
1,583
Prior
years J*
' 27, 643
70,011
7,161
7,144
2,968
1,548
1,913
5,022
7,785
6,133
482
994
49
324
2,412
202
129
365
52
133,385 114,683
786, 960
655, 384
131, 577
161,028 142,326
18, 701
For footnotes, see p. 294.
288
STATISTICS OF INCOME, PART 1
Table 2. — Gift tax returns for 1939 by total gift plus tax classes,^ showing for taxable
and nontaxable returns separately: number of returns, total gifts before exclusions,
exclusions, total gifts after exclusions, deductions, net gifts, and tax
[Total gift plus tax classes and money figures in thousands of dollars]
Taxable returns
Total
number
of re-
turns
Num-
ber of
returns
Total
gifts
before
exclu-
sions
Exclusions of the first $4,000
given each recipient ^
Total
gifts
after ex-
clusions
Deduc-
tions
Total gift plus tax classes »
Total
Chari-
table,
public,
and
similar
gifts
Other
gifts
Total
Under 5 . .
1,286
2,796
3,134
1,647
1,092
830
949
311
119
29
9
5
6
3
3
1
3
329
572
751
434
283
318
792
281
HI
28
8
5
5
3
2
1
3
1,040
3,953
10, 571
10, 140
9,276
13, 961
51, 202
35, 323
26, 959
12,064
4, 655
3,725
5, 121
4,044
3,798
2,859
7,283
508
2, 132
4, 652
3,408
2,424
1,988
6,660
3. 040
1,400
520
608
72
109
164
112
4
48
184
184
212
172
616
552
516
268
52
28
57
108
76
508
2,116
4,468
3,224
2,212
1,816
6,044
2,488
884
252
556
44
52
56
36
4
20
532
1,821
5, 919
6,732
6,852
11,973
44, .542
32, 283
25, 559
11,544
4,047
3,653
5,012
3,880
3, 685
2,855
7,235
22
6 under 10
86
10 under 20-.
943
20 under 30
1 197
30 under 40.
1 653
40 under 50...
7,072
19, 615
7 424
50 under 100
100 under 200
200 under 400
4,960
2,103
1 315
400 under 600 . .
600 under 800
800 under 1,000
812
1,000 under 1,500
1,379
1 185
1,500 under 2,000
2,000 under 2,500
2 049
2,500 under 3,000
2,854
260
3.000 under 3,500
28
3,500 under 4,000
4,000 under 4.500 _.
4,500 under 5,000
2
2
8,364
68
56
12
8,296
4,843
5,000 under 6,000
6,000 under 7,000
1
1
5,256
4
4
5,252
327
Total. .-
12, 226
3,929
219, 594
27 921
S 19Q
24, 792
191,673
60,096
Taxable returns— Continued
Deductions-
Continued
Net gifts
Tax
Total gift plus tax
classes «
Chari-
table,
public,
and
similar
gifts
after ex-
clusions 3
Specific
exemp-
tion
claimed
for 1939
gifts *
Total
Prior
years «
1939
Total
Prior
years «
1939
Under 5
22
81
771
981
1, 275
6,766
18, 089
5,139
1,358
350
120
80"
25, 586
49, 723
58, 380
45, 996
33, 905
22, 641
97, 768
67, 933
59, 130
27, 467
9,574
4,367
8,430
5,148
107, 038
3
15, 443
25, 076
47,988
53,404
40, 460
28, 706
17, 740
72, 841
43, 074
38, 530
18, 026
6,841
1,527
4,797
2,453
105, 400
2
8,468
510
1,735
4,975
5,536
5,198
4,901
24, 927
24, 859
20, 600
9,441
2,733
2,841
3,633
2,695
1,638
2
6,975
2,898
6,288
5,999
5,493
4,179
2,623
13, 644
9,749
9,920
6,768
2,029
747
1,809
1,071
53, 299
m
4,722
2,869
6,179
5,691
5,100
3,792
2,256
11,698
7,137
6,944
4,196
1,487
223
1,031
400
52, 814
2,414
30
Sunder 10
5
172
216
378
306
1,526
2,285
3,601
1,753
1,195
812
1,299
1,185
2,049
2,854
260
109
10 under 20
307
20 under 30 .
393
30 under 40
387
40 under 50
366
sounder 100
1,946
100 under 200
2,612
2 976
200 under 400
400 under 600
1 571
600 under 800
541
800 under 1,000
1,000 under 1,500.
1,500 under 2.000
524
778
672
2,000 under 2,500
484
2,500 under 3,000
W
3,000 under 3,500
2,309
3,500 under 4,000
4,000 under 4,500
4,500 under 5,000
4,843
5,575
2,121
3,454
1,565
399
1,166
5,000 under 6,000
6,000 under 7,000
327
5,335
410
4,925
1,583
62
1,531
Total
25, 065
3.5. 031
fi49. 442
517.8fi.'i
131 fi77
133 ass
114, 683
18, 701
For footnotes, see p. 294.
STATISTICS OF INCOME, PART 1
289
Table 2. — Gift tax reMirns for 1939 by total gift plus tax classes,^ showing for taxable
and nontaxable returns separately: number of returns, total gifts before exclusions,
exclusions, total gifts after exclusions, deductions, net gifts, and tax — Continued
[Total gift plus tax classes and money figures in thousands of dollars]
Nontaxable returns
Total pift plus tax classes »
Number
of r'eturns
Total gifts
before exclu-
sions
Exclusions of the first $4,000 given
each recipient *
Total gifts
Total
Charitable,
public, and
similar gifts
Other gifts
after exclu-
sions
Under 5
957
2,224
2,383
1,213
809
512
157
30
8
1
1
3,143
15, 384
33,144
29, 423
28, 094
22, 070
9,560
4,273
2,289
430
741
1,704
8,368
12, 180
7,656
5,200
3,872
2,376
432
108
8
4
48
588
836
516
352
276
664
340
100
8
4
1,656
7,780
11,344
7,140
4,848
3,596
1,712
92
8
1,439
5 under 10--
7,016
10 under 20 .
20, 964
20 under 30 -
21, 767
30 under 40-
22, 894
40 under 50_-
18, 198
50 under 100 . .
7,184
100 under 200-
3,841
200 under 400
2,181
400 under 600
422
600 under 800 -
737
800 under 1,000—
1,000 under 1,500
1
1,086
20
20
1,066
1,500 under 2,000
2,000 under 2,500
1
2,374
8
8
2,366
2,500 under 3,000.
3,000 under 3,500
3,500 under 4,000
4,000 under 4,500
4,500 under 5,000.
5,000 under 6,000..
6,000 under 7,000
Total- --
8,297
152, 010
41, 936
3,760
38, 176
110,074
Nontaxable returns— Continued
Deductions
Net gifts for
prior years ^ '
Total gift plus tax classes «
Total
Charitable,
public, and
similar gifts
after exclu-
sions 3
Specific
exemption
claimed for
1939 gifts *
Tax for prior
years « '
Under5- .
1,439
7,016
20, 964
21, 767
22, 894
18, 198
7,184
3,841
2,181
422
737
20
372
1,206
1,205
1,043
942
3,509
3,780
2,161
422
737
1,418
6,644
19, 757
20, 562
21, 851
17, 256
3,675
61
20
749
20, 075
28, 787
33,082
10, 105
1,903
20, 757
7,129
7,099
185
74
5 under 10
3,199
10 under 20
5,095
20 under 30
7,623
30 under 40
1,749
40 under 50 .
228
50 under 100
4,804
100 under 200- . . . .
490
200 under 400
1,763
400 under 600
18
600 under 800
800 under 1,000
1,000 under 1,500
1,066
1,066
1,500 under 2,000
2,000 under 2,500
2,366
2,366
7,647
2,601
2,500 under 3,000
3,000 under 3,500
3,500 under 4,000
4,000 under 4,500
4,500 under 5,000
5,000 under 6,000
6,000 under 7,000
Total -
110,074
18, 829
91,245
137, 519
27,643
For footnotes, see p. 294.
290
STATISTICS OF INCOME, PART 1
Table 2-A. — Gift tax returns for 1939 by total gift classes,^'^ showing for taxable and
nontaxable returns separately: 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 gift classes '"
Under 5
5 imder 10
10 under 20
20 under 30
sounder 40
40 under 50
sounder 100
100 under 200.-..
200 under 400
400 under 600
600 under 800
800 under 1,000...
1,000 under 1,500_
1,500 under 2,000.
2,000 under 2,500.
2,500 under 3,000_
3,000 under 3,500.
3,500 under 4,000.
4,000 under 4,500.
4,500 under 5,000.
5,000 under 6,000.
Total
Total
num-
ber of
returns
1,299
2,800
3,148
1,660
1,080
837
938
304
111
21
7
4
7
1
4
2
12, 226
Taxable returns
Num-
ber of
returns
342
576
765
447
271
325
781
274
103
20
6
4
6
1
3
3,929
Total
gifts
before
exclu-
sions
1,103
4,055
11,004
10,810
9,230
14,607
52, 031
36, 590
27, 795
9,934
4,093
3,464
7,317
1,664
6,746
5,530
3,604
4,861
5,256
219, 594
Exclusions of the first
$4,000 given each recip-
ient 2
Total
524
2,184
4,756
3,464
2,384
2,144
6,548
3,032
1,440
316
596
40
257
28
128
27, 921
Chari-
table,
public,
and
similar
gifts
16
196
192
212
184
604
564
604
164
52
12
165
8
92
4
3,129
Other
gifts
524
2,168
4,560
3,272
2,172
1,960
5,944
2,468
836
152
544
28
92
20
36
4
24,792
Total
gifts
after
exclu-
sions
579
1,871
6,248
7,346
6,846
12, 463
45, 483
33, 558
26, 355
9,618
3,497
3.424
7,060
1,636
6,618
5,522
3,492
4,805
6,252
191, 673
Taxable returns— Continued
Deductions-
Continued
Net gifts
Tax
Total gift classes '«
Chari-
table,
public,
and
similar
gifts
after
exclu-
sions '
Specific
exemp-
tion
claimed
for 1939
gifts *
Total
Prior
years '
1939
Total
Prior
years •
1939
Under 5
22
81
776
985
1,266
6,816
18, 369
4,990
1,258
350
40
80
26, 488
51,629
62, 472
46, 344
34,413
26, 721
91,113
77, 067
64,911
15, 615
4.711
2,902
11,663
3,295
115,695
3,494
25, 931
49, 844
57, 185
40, 198
29. 233
21, 379
65, 518
50, 939
43, 601
7,824
2,412
315
7,087
1,661
111,383
826
557
1,786
5,287
6,147
5,180
5,342
25, 595
26, 128
21,310
7,791
2,299
2,587
4,576
1,634
4,312
2,668
2,958
6,525
6,645
5,540
4,208
3,515
12,316
11,734
12,067
2.886
798
461
2,563
812
56, 333
876
2,925
6,410
6,304
5,095
3,798
3,105
10,317
8,805
8,827
1,605
372
27
1.415
329
54, 770
129
34
5 under 10 ... ....
5
185
214
400
305
1,519
2,440
3,788
1,477
1,158
757
2,484
2
2.306
2,855
116
ICunder 20
341
20 under 30
445
30 under 40
410
40 under 50 ....
409
60 under 100
1,999
100 under 200
200 under 400
400 under *«)0
2,929
3,240
1,281
6(10 undiT soo.
426
800 under 1,000
1,000 under 1,500
434
1,147
1,500 mider 2,000..
483
2,000 under 2,500
1,563
2,500 under 3,000
748
3,000 mider 3,500
3,500 under 4.000.
77
5,175
1,760
3,414
1,515
355
1,100
4,000 under 4,,500
4,500 under ,5,000
4,765
327
400
6, .335
361
410
39
4,925
.■iO
1,583
44
62
6
5,000 under 6,000
1,531
Total
25, 065
35,031
649, 442
517, 865
131, 577
133, 385
114,683
18, 701
For footnotes, see p. 294.
STATISTICS OF INCOME, PART 1
291
Table 2-A. — Gift tax returns for 1939 hy total gift classes,^° showing for taxable
and nontaxable rettirns separately: 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]
Nontaxable returns
Total gift classes lo
Number
of
returns
Total
gifts before
exclusions
Exclusions of the first $4,000
given each recipient a
Total
Total
Charitable,
public, and
similargifts
Other
gifts
gifts after
exclusions
Under 5 - .-.
957
2,224
2,383
1,213
809
512
157
30
8
1
1
3,143
15, 384
33, 144
29, 423
28, 094
22, 070
9,560
4,273
2,289
430
741
1,704
8,368
12, 180
7, 656
5,200
3,872
2,376
432
108
8
4
48
588
836
516
352
276
664
340
100
8
4
1,656
7,780
11, 344
7,140
4,848
3,596
1,712
92
8
1,439
5 under 10
7,016
10 under 20 . ---
20, 964
20 under 30 _ ---
21, 767
30 under 40 . - -
22, 894
40under50 -
18, 198
50 under 100
7,184
100 under 200
3,841
200 under 400
2,181
400 under 600 .-_
422
600 under 800 ._
737
800 under 1,000
1,000 under 1,500
1
1,086
20
20
1,066
1,500 under 2,0p0 . - - .
2,000 under 2,500 -.. -
1
2,374
8
8
2,366
2,500 under 3,000
3 000 under 3,500
3,500 under 4,000
4,000 under 4,500
4,500 under 5,000
5,000 under 6,000 - -
TotaL...
8,297
152, 010
41, 936
3,760
38, 176
110,074
Nontaxable returns— Continued
Deductions
Net giff,s
for prior
years ' '
Total gift classes i"
Total
Charitable,
public,
and similar
gifts after
exclusions ^
Specific
exemption
claimed
for 1939
gifts ♦
Tax for
prior
years 6 7
Under 5 ._- . . - .
1,439
7,016
20,964
21, 767
22, 894
18, 198
7,184
3,841
2,181
422
737
20
372
1,206
1,205
1,043
942
3,509
3,780
2,161
422
737
1,418
6,644
19, 757
20, 562
21,851
17, 256
3,675
61
20
749
20, 075
28, 787
33, 082
10, 105
1, 903
20, 757
7,129
7, 099
185
74
5 under 10 - -
3,199
10 under 20 _
5, 095
20 under 30 - - -
7,623
30under40
1,749
40 under 50
228
50 under 100
4,804
100 under 200 . _.- -..
490
200 under 400 - --. - - _-_ .
1,763
400 under 600 ._-
IS
600 under 800
800 under 1,000
1,000 under 1,500 .- -
1,066
1,066
1,500 under 2,000
2,000 under 2,500
2,366
2,366
7,647
2,501
2,500 under 3,000
3,000 under 3,500
3,500 under 4,000 .. . ... ... .
4,000 under 4,500
4,500 under 5,000
5,000 under 6,000
Total
110, 074
18,829
91, 245
137, 519
27, 6*3
For footnotes, see p. 294 ,
•2^2
STATISTICS OF LN'COME, PART 1
Table 3. — Gift tax returns for 19S9: total gifts by kind of property, shoteing amorinis
transferred in trust and amounts othericise transferred
[Tboasands of dollars]
Kind oi properry
Amoont of gifts
Total
Transferred'
in trust i
Other
EeSd esiaic
Stocks and bonds.
Cash
Insaranee
MisceSaoeoos
Total
3S,433
4,2S3
34.190
1SS.936
66.292
122.633
7i968
ia361
62,607
2L0S1
4,590
16,492
50,196
13,175
37,021
371.604
9s.fin
27-2. 9»
T.vBLE 4. — Gift tax returns for 19S9 of identical donors ^^ classified by taxable status
in 19S9 and in prior years: nuTJiber of returns, net gifts, and tax
[Monev figures in thoosands of dollars]
of reiuiiis
for lft39
X.:^:s
Tax
Tasable sratns
Total
Prior
years *
mi-
-:i.
Prior
years *
1?S9
Tiii'r'.r TrTZTzs ::r ISSv of co-
n:-? llirr :iLi::r reioms for
Tiii:".r" rrr-imi ::r :S-? :■: do-
2,483
661
1. W^S
607.302
14,^5
517,565
ss. 437
14.425 1
1
130,572
MO
11
114. 6S3
S40
No'tiXii:".^ rer.:rr; for 1*59 of
c:-:r5 -j-^ :ai3,:Ie returns
39S
11
Noniaiable renims for 1^9 of
donors fiHng nontaxable re-
-- 1
1
1
1 i
TcTil
0. 125
622,125
518.263
1C3. so2
13L433
114.695
16,728
For footnotes, see p. 294.
STATISTICS OF INCOME^ PART 1
293
Table 5. — Gift tax returns for 1939 of identical donors ^^ who were taxable for both
1939 and a prior year or years by net gift classes for 1939 and by size of net gift*
for prior years: number of returns
[Net gift classes and net gifts for prior years classes in thousands of dollars]
Net gifts for prior years daises ^
Net gift classes for 1939
Total
Under
5
5 un-
der 10
10 un-
der 20
20 un-
der 30
30 un-
der 40
40 un-
der 50
50 un-
der 100
Under 5
5 nndpr 10
951
400
391
191
122
185
105
43
5
4
3
2
2
1
1
1
114
45
30
9
8
4
11
4
107
33
31
12
10
i
129
i
23
14
17
5
4
70
41
46
17
8
72
27
31
14
6
58
30
28
14
8
3
13
7
2
156
57
in nndpr 9n
70
a) nndpr Sfl
38
30 nndpr 40
25
40 nndpr ri\
S , 6
14 ; 15
4 1 6
1 1
15
30 under 100
31
100 under 200
16
200 under 400 -
3
400 under 600
1
1
600 under SOO
1
800 under 1,000 —
1
1.000 under 1,. 500
1,500 under 2,000
2,000 under 2,500
2,500 under 3,000
3,000 tuider-3,500
3,500 under 4,000-
4,000 under 4,.t00 -- -
4,500 under 5,000 .
1
1
Total...
2,455
225
209
309
210 1 ITS
164
4!2
Net gifts for prior years classes '^ — Conrizued
Net gift classes for 1939
lOO
tmder
200
200
under
400
400
under
600
GOO
tmder
800
800
tmder
1,000
1,000
under
1,500
1,500
under
2,000
2,000
tmder
2,500
2,500
and
over
Under 5...
Ul
49
45
30
20
12
32
13
6
1
66
25
29
23
17
10
20
18
9
1
1
1
23
18
11
6
3
3
10
7
5
11
9
3
5
1
2
11
3
5
11
2
2
3
2
2
1
4
5 nndpr Ifl
1
10 nndpr 50
2
20 nndpr 31
30 nndpr 40
1
2
6
2
1
-.
8
2
40 under 50
1
..
1
50 under 100.
1
2
1
1
1
100 under 200
3
200 under 400
4
400 under GOO
600 under 800 - . .
1
800 tmder 1.000
1
1,000 under 1,500 -
1
1,500 under 2,000.
1
" i'
1
2,000 under 2,500
2,500 under 3,000
1
3,000 under 3,500
1
3,500 under 4,000
4,000 under 4,500
4,.t00 nndpr 5,000
1
Total
320
220
87
42
24
34
20
14
17
For footnotes, see p. 294.
294
STATISTICS OF INCOME, PART 1
Table 6. — Gift tax returns, 1932-1939: number of returns by taxable status, total
gifts, net gifts, and tax
[Money figures in thousands of dollars]
Calendar year for which filed
.Number of returns
Total gifts
Net gifts
Tax
Total
Taxable
Nontaxable
1932 13
1933.-
1,747
3,683
9,270
22, 563
13, 420
13, 695
11,042
12, 226
245
878
2, 528
8,718
3,770
4,128
3,515
3, 929
1,502
2,805
6,742
13, 845
9,650
9,567
7,527
8,297
81,389
241,008
888, 753
2, 130, 514
482, 783
568, 109
399, 773
371, 604
17, 879
101,793
537, 083
1, 196, 001
134, 979
180, 939
138, 801
131, 577
1,111
8,943
1934....
68, 383
1935
1936
162, 798
15,664
1937 .
22, 758
1938
17,839
1939-
18, 701
Footnotes for gift tar tables 1-6, pages 286-S94
1 The classifieation is based on the size of net gifts
for 1939.
2 Excepting gifts in trust or of future interest in
property.
' The exclusions for charitable, public, and similar
gifts are tabulated under "E.xelusions of the first
$4,000 given each recipient."
* Specific exemption of $40,000 is allowed each
resident or citizen donor (see section 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.
' Data tabulated from schedule C, 1939 return.
Form 709. Net gifts for prior years (subsequent to
June 6, 1932) reported in schedule C, may exceed
net sifts actually reported in prior years, for the
reason that when a specific exemption of over $40,000
has been taken for years prior to 1936 (when $50,000
exemption was allowed), the aggregate net gifts for
T)rior years reported in this schedule are increased
bv the amount taken in excess of $40,000 (sec. 301(e),
Revenue Act of 1935).
6 Tabulated from item 5, schedule for computation
of tax, page 1, 1939 return, Form 709. The tax on
net gifts for prior years may not be the actual tax
liability rei)orted in prior years because it is a tax
computed at current rates, on the aggregate net gifts
for prior years to which any exemption in excess of
$40,000 taken prior to 1936, has been added (sec.
301(c), Revenue Act of 1935).
' These amounts, computed as indicated in notes
5 and 6, are probably understated since there is not
always sufhcient information shown on the current
year retm'n for their computation.
6 Less than $500.
' The classification is based on the size of the cur-
rent year total gifts before exclusions plus the current
year tax.
1' The classification is based on the size of current
year total gifts before exclusions.
■l-Identical donors comprise individuals who re-
ported for 1939 and for one or more prior years since
June 6, 1932, gifts other than charitable, public, and
similar gifts.
12 This classification is based on amount of aggre-
gate net gifts for prior years as adjusted, in schedule
C of the gift tax return (Form 709), to include any
excess over $40,000 specific exemption taken prior to
1936.
" Covers the period June 7 through December 31,
1932.
SYNOPSIS OF
FEDERAL TAX LAWS
FOR 1913 AND THEREAFTER
INDIVIDUAL INCOME AND PROFITS TAXES
FIDUCIARY INCOME TAX
ESTATE TAX. AND
GIFT TAX
RATES, CREDITS, EXEMPTIONS, AND OTHER
PROVISIONS AFFECTING THE COMPARABILITY OF
HISTORICAL DATA IN STATISTICS OF INCOME
295
SYNOPSIS OF FEDERAL TAX LAWS FOR 1913 AND THEREAFTER, RELATING
TO INDIVIDUAL INCOME AND PROFITS TAXES, FIDUCIARY INCOME TAX,
ESTATE TAX, AND GIFT TAXRATES, CREDITS, EXEMPTIONS, AND
OTHER PROVISIONS AFFECTING THE COMPARABILITY OF HISTORICAL
DATA IN STATISTICS OF INCOME
INDIVIDUALS AND FIDUCIARIES
A. Requirements for filing income tax returns, personal exemption,
credit for dependents, and normal tax rates, under the Federal tax
laws for the income years 1913 through 1939.
B. Surtax rates and total surtax, under the Federal tax laws for the
income years 1913 through 1939.
C. Supplemental income and profits tax rates and credits, under
the Federal tax laws for the income years 1917 through 1939.
ESTATES
D. Tax rates, total estate tax, specific exemption, and credits
against estate tax, under the Federal tax laws applicable to estates
of decedents dying after September 8, 1916.
GIFTS
E. Tax rates, total gift tax, specific exemption, exclusions, and de-
ductions, under the Federal tax laws affecting gifts made during 1924
and subsequent years.
297
298
STATISTICS OF IlsCOME, PART 1
A. — Individuals and fiduciaries,^ requirements for filing income tax returns, 'personal
for the income years
Federal tax law
(Date of enactment)
Act of:
Oct. 3, 1913 (Income tax).
Income year
Revenue Act of:
1916 (Sept. 8, 1916)..-
1916 as amended and.
1917 (Oct. 3, 1917)
1918 (Feb. 24, 1919).
1921 (Nov. 23, 1921) .
1924 (June 2, 1924)..
1926 (Feb. 26, 1926).
1928 (May 29, 1928).
' 1929.
1932 (June 6, 1932)
National Industrial Recovery
Act (June 16, 1933). i?
Revenue Act of:
1934 (Mav 10, 1934)
1936 (June 22, 19.36)
1937 (Aug. 26, 19.37)19
1938 (May 28, 1938)
Internal Revenue Code (Feb.
10, 1939). 20
Internal Revenue Code as amend-
ed by:
Public Salary Tax Act (Apr.
12, 1939) .21
Revenue Act of: 1939 (June
29, 1939).
Mar. 1, 1913 through
Dec. 31, 1915.
1916.
Jl917.
1918.
Citizens and residents of the
United States
Requirements for filing returns 3
Married and living
with husband or
wife *
Net in-
come 6
1919, 1920
1921, 1922, 1923.
1924
1925, 1926, 1927
1928.
1930, 1931.
1932, 1933.
1933
1934, 1935.
1936, 1937.
1937
1938
1939
(22).
$3,000
3,000
2,000
2,000
2,000
2,000
2,500
3,500
1 3, 500
Gross in-
come re-
gardless
of amount
of net
income
Single, or married
and not living
with husband or
wife
Net in-
come'
2,500
} ^.'
$5, 000
5,000
5,000
5,000
5,000
.$3, 000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,000
Gross in-
come re-
gardless
of amount
of net
income
1,000
1,000
.$5, 000
5,000
5,000
5,000
5,000
5,000
1 For requirements for filing returns for estates and
trusts, see note 3(e); definition of net income, note 6;
and, exemption allowed, note 7. Tax rates applica-
ble to fiduciaries are the same as for individuals.
2 In general, nonresident aliens are required to file
income tax returns for all taxable income from sources
within the United States regardless of amount,
unless total tax has been paid at source. For excep-
tions, see Treasury Decision 4791 — Regulations 94,
amended to accord with the Revenue Act of 1937.
(See note 18.)
3 (n) For 1913 through 1917, individuals were re-
quired to file returns on a calendar year basis, while
for 1918 and subsequent years, returns are permitted
for a fiscal year other than that ending December 31.
Footnotes
(References to notes mean
(6) For 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.
(f) For 1921 and subsequent years, citizens de-
riving 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.
(d) For 1925 and subsequent years, American citi-
zens who are nonresidents of the United States for
more than six months of the year are not required
to report earned income from sources without the
STATISTICS OF INCOME, PART 1
299
exem-plion, credit for dependents, and normal tax rates, under the Federal tax laws
1913 through 19S9
Citizens and residents of the United States— Continued
Nonresident aliens ^
Personal exemption '
Credit
for
each
de-
pend-
ent '
Net income subject
to normal tax »
Nor-
mal
tax
rate
(per-
cent)
Personal exemption
Credit
for
each
de-
pend-
ent
Nor-
mal
tax
rate '
(per-
cent)
Married
and
living
with
husband
or wife,
or head
of
family
Single, '
or
married
and not
living
with
husband
or wife,
and not
head of
family
Married
and
living
with
husband
or wife,
or head
of
family
Single,
or
married
and not
living
with
husband
or wife,
and not
head of
family
10 $4, 000
4,000
2,000
2,000
2,000
12 2, 500
2,500
3,500
3,500
2,500
10 $3. 000
3,000
1,000
1,000
1,000
1,000
1,000
1, 500
1, 500
1,000
$200
200
200
400
400
400
400
400
AIL- .._. _
All
/yirst $2,000
1
9
2
4
12
4
8
.5 4
15 8
2
4
6
IH
3
5
Wi
3
5
ny,
W2
16 4
11,4
3
5
4
8
1
2
2
12
8
H 15 8
i<6
H 5
»5
H 16 4
i<5
»8
}
$4, 000
\
$3, 000
2
\Balance over $2,o66
/First $4,000
1
' (11)
} (")
1, 000
[ 1,000
1, 500
!,.500
■ 1, 500
1, 500
} 1,000
(■')
(")
1,000
1,000
1, .500
1, 500
\,rm
1, .500
1,000
(")
(")
(13)
(13)
(13)
(13)
(13)
(13)
(13)
\Balance over $4,000
/First $4,000
\Balance over $4,000.
/First $4,000
\'
\Balanrp over $4,000.
iFirst $4,0(10
^Scc-und $4,000
iBalanee over $8,000-
First $4,000
{Second $4,000
[Balance over $8,000.
(First $4,000
■Second $4,000
iRalance over $8,000
(First $4,000
■ Second $4.000
IHaUuu-p over $8,000
(First $4,000
■Si-con<l $4,000 ....
, [Balance over $8,000
/First $4.000
5
6
7
8
IBalance over $4,000.
9
10
2,500
1,000
400
All ■.
4
/ 1,000
\ IS 1, 000
18 1,000
IS 1,000
1,000
18 1, 000
IS 1. 000
IS 1.000
(13)
(13) (18)
(13) (18)
(13) (18)
14 4
IS 10
IS 10
1' 10
}■■
12
2,500
' 1, 000
400
All
4
n
14
I")
for Table A
the footnotes of this table)
United States, and are not required to file returns
unless their gross income, exclusive of earned income,
from sources without the United States, equals or
exceeds $5,000; or unless their net income, exclusive of
earned income, from sources without the United
States, equals or exceeds the amount indicated in
this table under "Requirements for filing returns."
For 1932 and subsequent years, the exclusion from
gross income of earned income from sources without
the United States does not apply to amounts paid
by the United States or any agency thereof. The
compensation of resident alien employees of foreign
governments is excluded from gross income under
certain conditions. See sec. 116(h), Revenue Act of
437826—42-
-20
1930, which subsection (h) was added to sec. 116,
Revenue Act of 1934, by Public, No. 374, Seventy-
fourth Congress, and which is retroactive, subject
to the statutory period of limitation.
(e) For 1936 and prior j'ears, income from estates
and trusts taxable to the fiduciary is required to be
reported on the individual income tax return. Form
1040, while income from estates and trusts not taxable
to the fiduciary is required to be reported on the
fiduciary return of income, Form 1041, the require-
ments for filing being the same as for single persons,
except that a return is required for every estate or
trust of which any beneficiary is a nonresident alien.
Beginning with 1937, all income from estates and
Footnotes continued on p. .300.
300
STATISTICS OF INCOME, PART 1
Footnotes for Table A — Continued
(References to notes mean the footnotes of this table)
trusts is required to be reported on the fiduciary
income tax return, Form 1041, the requirements for
filing being the same as in prior years except that
for 1938, returns are required for all trusts having a
net income of $100 or more. See text, p. 3.
* Husband and wife each to file a return unless
combined income is included in joint return.
» For 1921 and subsequent years, citizens deriving
a large portion of their gross income from sources
within a possession of the United States are allowed
the same exemption as nonresident aliens.
« Net income means the excess of gross income over
deductions as defined in the various revenue acts
■Net income of fiduciary income tax returns, 1937 and
subsequent years, means net income taxable to the
fiduciary. Certain variations in the deductions
allowed, follow:
(a) Amortization of buildings, machinery, equip-
ment, or other facilities constructed or acquired on
or after April 6, 1917, for the production of articles
contributing to the prosecution of the war is included
to a reasonable amount in busine^ss deductions, 1918
through 1921.
(6) Contributions to charitable and scientific or-
ganizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are de-
ductible for 1917 and subsequent years. For 1938
and subsequent years, contributions are deductible
only if made to domestic organizations and paid
during the taxable year; contributions of a partner-
ship are deductible by the partners in their indi-
vidual returns, not by the partnership. The de-
duction for the combined amount of the pro rata
share of the partnership contributions plus contri-
butions made by the individual cannot exceed 15
percent of the net income reported on the individual
return before deducting the contributions. For
unlimited deduction of contributions, see the revenue
acts, 1924 and subsequent years.
(c) Losses sustained by individuals during a tax-
able year, incurred in trade or business, or arising
from fire, storm, shipwreck, etc., and not compen-
sated for by insurance or otherwise, are entirely
deductible, "except as indicated in the following
paragraphs:
For 1916 and 1917, losses sustained during the year
in transactions entered into for profit but not con-
nected with business or trade are allowable only to
the extent of the gains from such transactions; for
1918 through 1931, such losses were entirely deduc-
tible.
For 1921 and subsequent years, losses resulting
from the sale of securities after November 23, 1921,
are not deductible when substantially identical
securities are acquired or reacquired within 30 days
before or after such transaction.
For 1932 and 1933, losses from sales or exchanges of
stocks or bonds (other than capital as.sets held for
more than two years — see table C, p. 304, and
other than bonds issued by a government or political
subdivision thereof) are allowed only to the extent of
the gain from such sales or exchanges. (The Rev-
enue Act of 1932 allowed the excess of such losses to
be carried forward and applied against such gains
of the next succeeding year, but this carry-over was
nullified by sec. 218(b), National Industrial Recov-
ery Act.)
For 1933, individual members of a partnership were
not permitted to reduce their individual net income
by their inoporlioiiate share of a net loss incurred by
the partnership tluoiiizh sales or exchanges of stocks
or bonds other than capital assets.
For 1934 and subsequent years: Losses from wager-
ing transactions are allowed, but only to the extent
of the gains from such transactions: losses are not
deductible when resulting from sales or exchanges
of property, directly or indirectly between members
of a family (except in case of distributions in liqui-
dation) and between an individual and a corporation
in which such individual owns, directly or indirectly,
more than 50 percent in value of the outstanding
stock of the corporation.
For 1937 and subsequent years, losses are not de-
ductible when resulting from sales or exchanges of
property between (1) a grantor and a fiduciary of any
trust, (2) a fiduciary of a trust and a fiduciary of
another trust, if the same person is a grantor with
respect to each trust, and (3) a fiduciary of a trust
and a beneficiary of such trust.
For provisions concerning capital gains and losses,
see table C, pp. 304-305.
(d) Net loss for prior year resulting from the opera-
tion of any trade or business regularly carried on
by the taxpayer:
A net loss for any taxable year, beginning after
October 31, 1918, and ending prior to January 1, 1920,
may be deducted from the net income of the pre-
ceding year, a redetermination of taxes for the pre-
ceding 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.
There was no "net loss" reUef provision for 1920.
For 1921 through 1928, loss in any year begimiing
after December 31, 1920, may be deducted from the
net income of the succeeding taxable year, and if
such loss exceeds the net income for the first succeed-
ing year, the amount of such excess is to be allowed
in the second succeeding year.
The Revenue Act of 1932 provided for a net loss
carry-over to one succeeding year only, but this
carry-over was nullified by sec. 218(a), National
Industrial Recovery Act.
There are no provisions in the Revenue Acts of
1934 through 1938 for deduction of net loss for prior
year. (For net short-term capital loss carry-over
under the Revenue Act of 1938, see table C, p. 305.)
The Internal Revenue Code, as amended by the
Revenue Act of 1939, provides that individuals en-
gaged in trade or business, incurring a net operating
loss in any taxable year begmning on or after January
1, 1939, may carry such loss forward and apply it as a
deduction against the net income of the first succeed-
ing year. The excess loss, if any, that is not absorbed
by the net income of the first succeeding year, may be
carried forward and deducted from the net income of
the second succeeding year.
' For 1916 and subsequent years, estates and trusts
are allowed the same exemption as single individuals,
except that for 1937, certain trusts which permitted
accumulation of income were not allowed the exemp-
tion, and for 1938 and subsequent years, a credit of
•$100 against the net income of a trust was substituted
for the exemption.
' Credit allowed for each dependent under 18
3?ears of age or incapable of self-support because
mentally or physically defective. This credit is not
applicable to cil izens deriving a large portion of their
gross income from sources within a possession of the
United States, 1921 and subsequent years.
s Net income subject to normal tax is all net in-
come after deducting the sum of:
(a) Personal exemption.
(6) Credit for dependents, 1917 and subsequent
years.
(c) Dividends on stock of domestic corporations,
1913 through 1935 (other than (1) corporations deriv-
ing a large portion of their gross income from sources
within a possession of the United States, 1921 through
1935, and (2) China Trade Act corporations, 1922
through 1935, and (3) corporations exemjit from tax,
1932 through 1935), and dividends on stock of foreign
corporations receiving a certain amount of income
from sources within the United States, 1913 through
1933. For 1936 and subsequent years, no dividends
are deductible.
(d) Income, the tax upon which has been paid or
withheld for payment at the source, for 1913 through
1917.
(e) Interest, not wholly tax exempt on United
States obligations issued after September 1, 1917,
which is required to be included in gross income,
STATISTICS OF INCOME, PART 1
301
Footnotes for Table ^—Continued
(References to notes mean the footnotes of this table)
and for 1934 and subsequent years, interest on obli-
(;ations of instrumentalities of the United States, as
defined in sec. 25(a)(3), Revenue Act of 1934.
(/) Credit of 10 percent of the amount of the earned
net income, but not in e.x;c<'ss of 10 percent of the
entire net income, 1934 and subsequent years. (For
1924 through 1931, the earned income credit was a
tax credit. See table C, p. 306.)
i» No provision for head of family in Revenue Act
of 1913. Exemption prorated for period March 1
through December 31, 1913.
1' For 1918 through 1920, 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 incomo tax or
allows similar credit to citizens of the United States
not residing within such foreign country. (See
notes 13, 14, and 18.)
"For net incomes in excess of .fS.OOO, personal
exemption is $2,000.
" For 1922 through 1935. if nonresident alien is
resident of Canada or IMexico. $400 credit is allowed
for each dependent. For limitation applicable to
1936 and subsequent years, see note 18.
'« For 1922 through 1933,|alien residents of Canada or
Mexico, on net income attributable to compensation
for labor or personal services actually performed in
the United States, receive benefit of normal tax rate
provided for United States citizens. For 1934 and
1935, the rate of normal tax is the same for all indi-
viduals, both resident and nonresident. (See note
18.)
16 Tax for 1923, computed at these rates, was re-
duced 25 percent bv credit or refund tmder sec. 1200
(a), Revenue Act of 1924.
•6 These reduced rates for 1929 are provided by
Joint Resolution of Congress, No. 133, approved by
the President, December 16, 1929.
1' The National Industrial Recovery Act is not a
complete taxing statute in itself, but merely amends
and adds to the provisions of the 1932 Act. See note
6(c), paragraph 4, and 6(d), paragraph 6.
18 (a) For 1936 through 1939, nonresident alien
individuals not engaged in trade or business within
the United States and not havmg an oflBce 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 at the rate of 10 percent, except (1)
that this rate shall be reduced in the case of a resident
of Canada or Mexico, to such rate (not less than 5
percent) as may be provided by treaty with such
country (by treaty with Canada, August 13, 1937,
the rate was reduced to 5 percent, retroactive to
January 1, 1936); and (2) for 1937 through 1939, such
nonresident aliens other than those affected by treaty,
if they report gross income of more than $21,600, are
liable to the same tax rates as those imposed upon
United States citizens, after allowance of deductions
and credits allocable to income from sources within
the United States; but the total tax so computed
shall not be less than 10 percent of the gross income.
(6) For 1936 through 1939, nonresident alien indi'
viduals who at any time witnin 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 and are subject
to the same tax rates upon their net income from all
sources within the United States, as are provided for
United States citizens.
19 The Revenue Act of 1937 is not a complete taxing
statute in itself, but merely amends and adds to the
provisions of the 1936 Act. See notes 2, 6(c), para-
graph 7, and 18(a).
-" The Internal Revenue Code embodied the
Revenue Act of 1938 and such other laws relating ex-
clusively to internal revenue as were in force on the
2d day of January, 1939.
21 By the Public Salary Tax Act of 1939, the Fed-
eral income tax is applicable to compensation for
personal service received after December 31, 1938,
as (1) an officer or employee of a State, or any political
subdivision thereof, or any agency or instrumentality
of any one or more of the foregoing, and (2) a judge of
a United States court who took office on or before
June 6, 1932. (The compensation of a judge who took
oflBce after June 6, 1932, is taxable under the Revenue
Act of 1932.)
22 The Revenue Act of 1939 is not a complete taxing
statute in itself, l>ut consists of amendments of
certain sections of tlie Internal Revenue Code and of
the 1938 Act and prior laws. There is no one effective
date for the Revenue Act of 19.39; some of the provi-
sions are retroactive to years prior to 1939, others
apply to the current tax period, while still others are
prospective in their application, being effective only
for taxable years beginning after December 31, 1939.
One of the provisions of this Act affecting the data in
Statistics of Income is:
For any taxable year beginning after December
31, 1938, in the case of compensation (a) received
from personal services rendered by an individual in
his individual capacity, or as a member of a partner-
ship, and covering a period of five calendar years or
more from the beginning to the completion of such
services, (6) paid (or not less than 95 percent of which
is paid) only on the completion of such services, and
(c) required to be included in gross income of such
individuals, the tax attributable to such compensa-
tion shall not be greater than the aggregate of taxes
which would have been paid had the income been
received in equal portions in each of the years iu
the period.
302
STATISTICS OF INCOME, PART 1
B. — Individual and fiduciary surtax rates and total surtax under
Net income
subject to
Revenue Act of—
surtax 2
.\ct of Oct. 3,
1913 (In-
come tax)
'
1916
1917
1918
1921
Income years
Income year
Income year
Income years
Income years
Exceed-
Equal-
Mar. 1, 1913,
1916
1917
1918
1919, 1920.
1922, 1923 3
ing
ing
through Dec.
31, 1915
Act of 1921
Income year
1921
i
Rate
Rate
Ratei
Rate
Rate
ThonsaHiis of
(per)
Total
(per-
Total
(per-
Total
(per-
Total
(per-
Total
dollars
4 1 5
cent)
surtax
cent)
surtax
cent)
surtax
cent)
surtax
cent)
sttrtax
5
6
7.5
1
.$l6'
25
" r
2
$i6"
40
6
--
$i5"
20
7.5
8
2
35
2
50
1
8
10
2
75
3
110
1
40
10
12
3
135
4
190
2
80
12
12.5
3
150
5
215
3
95
12.5
13
4
170
5
240
3
110
13
14
4
210
5
290
3
140
14
15
4
250
g
350
4
180
15
16
5
300
6
410
4
220
16
18
5
400
7
550
5
320
18
20
5
500
g
710
6
440 
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