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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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STATISTICS OF INCOME^ PART 1 



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C.2 C»S "•" 



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STATISTICS OF INCOME, PART 1 



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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•^i-H00TPC^CSCCC0Ot-0it^O*O0000»O 



iO(NGOt^cDTt-Tf^OCOGiOiOCOiOOOOi— I 

cococo-^coirofOcocc(N4CcoirO'— i03cDr-i 



-^ i-H ^ CM .-< "-I ^ 



-OOO'^OCOt^OOCOOOOt^OOOOOOOOO 



^cCO'nOOOOuOO^OOOOOOO^OOOOOOOOO 



t--»oo^oi<^«wio56^o^cn^^56So^a:5icocoF^c5a-cccMio 

^ ^D CO GO c^ ^ ac o QO ao »o CO --h" to' co" ^-^ oT T}^ co" t^ --H rr 

Oit-ot^CMco ^.— .^ CO oO'^oocO'^a5aicoc^»cDr--r--oCMccco 

Or^COCO 00 CO 00 CN OOCCu^TfCOCM^— «-— i^tTCMf-iM^ 

Co"(N 



CO '-''-* —' 



CDCM^0iU0i0CMiOTfC0Or^^'<J'aiCM^OOcD00^C'ICC0000C0C0u7CD 
lOiO'— 'OTpTfCMcOOir-tOO— 'CM-THDiiO-^OCOCMOcOCMOO'CTt-OOCMOO 

O5'^'rcocct^ao*o-- 'i-^-^coor-oO'-'0-Tj"co>— ■cot'-tooicO'— '-^oococo 
os" GO lO <-- co" ^ oT rC GO CM lo" CO i-T id" to cm o" t^ t^ ^' cm*" oo" co c^^ oT -"r" go o" co' --r 

00'<J''^CMCDC0CMl--I^TrCMcD^C0'<J^Oi'-<OTfO101C0C0CM00iCCC'^t^tC 
1— 't^Tj'CM GO Ol Oi CO .— <<— "CMOCMCO-— "O"— 't^COOCO'— lOOOt- 

o o 00 t-^ CO i-T o oT GO b^ ^--'' CO ^' lo" to' -^^ co" t--'" CM o "^' '--' t-^ ^' 



-H CMOCO^CO » 



r-i-^ioocoocr-GOi^coooCMooco-^ 



Tt'OCOCMCOO'— 'tOCMuO Ol COtOt^CMtOr-^iOOOiOQOt— t"-'— ';J''^t-- 



COCMaiOOCOiOTj<-^COCMOi*OCOTt"CM»-> 



CD r^ CM CO CM CO CM <— i ^ 



I to lo coco i 

JCMCMCM »- t-'^fTj^tOiOCD 



3 fl C3 3 



, ^ rt _c -H -H -H (M e^ m -^ "C to 1^ 

c iX' a^^° a> o oj 0; o o oj o o/ oj'CC'CI'tiJ'C^'CU'O'CCU 

1— iCMCMCMCMCOCO-^TfiOiOCOt^OOOi'-'-— "^ — — — rorM^^.^fr^ 



1 CM CM CO TT »0 CD 



STATISTICS OF INCOME, PART 1 



211 






oT ■^*" o 1:0 r^ »o" — r h-T to" lo CO *o 
<— 'McciTj>ccocor-.ccccoo5 

^ ^ ^ iM CO Tf 00 



i>»osci4coi:oair-cciot^io 



■ r^ ^ M- CO -— 1 1 



• (N 10 GO Oi C 



iOO0005C0^t^iOu:;Q0^Q0 

ccT o r^ 00 cvf r^ -—'" t^ r^ h-" oT to 

■"rcoco^^tooo-— 'POecMoo 
ci ^' .-T ,-H ^^ .^' ^" 



-rfCCiOaiOOtOTfC^'-iCXiC 

ocoTfOcaoOicooi— 't--to 
»-r«c — T -rf o" cc oc" lo" ^ c^co 



COCC-— 'I--.»OGOOGOCC^CO 
1— II— i(MCl^C0Tt-O»0CSO 

ci 00" Tf' -h' go cc (m' cc 'ao' t-' Tj-~ 

OOOiOlt^CSTf'^^lNCO 



i-HOiCCOOCCt^i— "COOitO 



CCTftOtDOiOOOOOiOit-- 

oioco-— •r^cccO'-'t-cccD 
ccgci^osooco»ocdWt;'»o 



o:iOTj<a>oO'^oQ'--Tt*cocctc 

iOtOOi'-iO»Oo5cCO»CaOM 
t^O'*»"Ot--TfiOCCCSQ0OQ0 

.-h" 10' CO ic ^'' r-" cs lo" r^' t-T tCio' 

i-i.-.^oOGO'«tit^cDGoaocao 
^' 1-^" F-T tp ci ^" ^^ ^ i-T .-T i-T 

ooococ:'— oooQo 

OOC:c:OC;~ 00000 
01 r^ »n c^i cc re c: lO »o C'l 1— I .— I 

iC ^' ^ o' X' iC* oi lO' (N CO CO 

o> w ^ -r ^ 



^rrOcD'-^tCOOSQOQO'— 'CS 
C^t^-n'QO'^COTfiOOOlCC'-H 
-— OsOCO'^QO-^OO'tCcOOQO 



O-'TtNOOCCOlODaO'^CncOO 
■^OsOiCNPOCOtOCOaiCS.— "CO 



-^COCOO-^i-iWCCCO OJXO «-< 



.-HCDoot^ooO'— <or^»c-«*'T-i 

CO Tf CO 00 CO .— « .— I 



10 GO 
co'ci 



o 0000 



ogoSooog^-^*^"«^'"^'> 

OOO'-'CSCSfO-^iOl-^ U 1m. t-, fc- u. 5 

■cccccccec = 33 = 3« 

5333S3333CCCSCC 



3 3 
o o 



oocooocc 






So 
c o 



212 



STATTSnCiS OF INCiOME, PART 1 



B^ 






it- g ID OJ.tS Q— . 

W +^ ^^ P " o 



b£_g .1. 



3 2 









^ H 



C^00C0G0C^CDOCC:D0i0l00r^0Ct0C005 



<-<,-( r-t ,-H CM IN 



CMOOfCTTiCCOOOOlO'- 



■* TT i-H t-^ .— ( lO 



'— li— (i— i(MCCitOt>-'-HTt* 



■^cDooocnicocC"*t^ccr-CMr^fO:o^ 

t^wOOiOiOOt^OOiOClCO'^OCCiCCOS 

c^* i-T T^r o u^ '^'~ oo" cf" o" "^ "^ rC Tr"" ^C■ csT io oT 



aooir^r^ioocooot-*oO':DOGOCft>oooao 



cooloo*^o^-•c^o•^ooc^^-cDOl^-oco 



csoiOocoa>asc:'0'^ThaiOcoaoGO(N 



h-OCMCD-^O(M00r-t^Tt<CDt^0ii00000 

---- 'itc-itoooioGor-t^ocMooTt* 



<DC>Jai00':C»O'^TticO(MOi»OCC'>^C^ 



.cs^t^i^cD03cro»oooc^oco(rooo^O 



iOCNOOr^:D'^'*>-^GOiOCOiOOh- — ^O 
000lG0O00tOX;t^'-H05'— 'Oi^-00»OQOO 

cccoco'<5'cocococococM»oco(root^a>t>- 



i-i ^ 1-I(N r-) 



• CMr^OOt^OOOTfOOO^-OOcOOOOI^OOOOOOOOO 



-^ o: -^ cc o : 

1^ no — 

O t^ 

co'cs 



^O^OOGOOOO^OOOOCOOOCD 

O^OS'-^OOCNtOCO'-HO'-HCi'^'-HGOiSO'^OCMC^CCt^CSGOCDCO 

CO GO c^" '^ c<r o oc' QcT u5 CO --H uo CO* ^^ ci" ■^'^ c^ ^-^ — ' ■^ Ci — ^^ 

O t- CM S -^ w — < CO 00 Tj< O O CO "^ Ol Oi CO CM cT" t^ t^ O '-H lO CM 
coco GO CO 00 CM GO O »0 Tj< CO CM T-H r-H r-( — t Tj* CM ^ CM -- 



■^C0Ot^*0'^CDCM^OO<:D00-HCMTf*000000CMOO 

-. . ^, ■■ — iO Tj< lO QO CM O CO '-H 00 to '^ GO t^ CD 

O'^CO'— "COt^^OOOcDi— iTt^-TfOlO 



cOCMi— 'OtOiOCMi,. .. - _-_ -,- 

iOut>— lO-^-^CMCOOit^tOO— tCM"<**as*OTj<Cr'OOCMOCO'--'OOtO'^GOt^CD 
0iTt*'^C0C0l>.G0»0'-Hl>.rrC0OI>*G0 ■— -■ ' . — ^ .«,^— ._^.^-.— ^ 



Ji— ('tO'— 'CTsr^OOCMiOCO-— i»OiOC^IOt^t^«^C-100COCOOi"«**OiTt<"rt^CO 

OO-^TfCMcCCOCIt^t^'^CMO'-^CO-^Oi'— 'O-^ClOlCOCOOOCOtOOCMTt^ 



1— I r^ --^ CM GO ai 



r-i^CMOCMCO'-iO'— 't^OOOCOOOiGOO 



^^--H 1-. 



OOOt— t^CCiOiO»OTrcOh-CMO-^Oi'«*'CO 



rHCMOcD — CO-— 'CMcococD•-'CMalOi^-^^'Cocooo^ 



•-^^OOCMCOO^iOCMiO 



;ior^CMto^iooO":>c 



; 1:0 CO oi lO GO 00 



;CMO500cc»O'^'^coCMc:;ioco'^CM 



CO t- CM CO CM 



CM r- ^ 



lOiOCOCOt, ,^ ,«= ; ; , , q -. ;i-! ^^ A ^ c5 CM CO 

CMCMCMCM t- tp^'rt4TtHiOiOcOCOt^00Oi— " (_, j_ ;_ j^ ^ ^ 



CO-^tOO^COOOOO 






s « 



t- a- a 

"2 a a 

P !-l i-H (N (M IN « CO CO'<J''»J<'0>050«— ooo> 



33"3>o333333333'^ 



- a; <» 

a a a 

3 3 3 

(M«-^»00»00000 
< (M <M CO Tj- 10 to 



STATISTICS OF INCOME, PART 1 



213 






oT to o o" CO o" o CO cT oT r>r 
l-HC^cou:^^-■-H■^ro^-coo 

f-H .-. C^ !>» Tj- lO 



*Oa3G0C5O5'^l^'— iiOOSiO 

OGOTij'OxascoO'— •i--to 
•-T o" -^*" TjT o CO CO ^ --^ 04" co" 
•»0!X><C'r^GOCQu::w3WTji»o 



ACC<JlO00<MCCTfC0i— ir-it-t 



coco — r^^QOOooco-^co 

.-.^C^Ol'-'CO'^OiOCSO 
(N' o6" rjT ^" 00 CD cs' CO go" l^ '^ 



CO CO CM CO f-l 



J00CMCOtJ<COi-i.-h.-i 



OlOiO^CSOOCTirf^r-icD 
COt-t^t^COCO'^OtOt^OO 

»-<a500ocot^'— 'Ooi"^ 
CO ''i^ lo" tc oT cT o 00 oi" cT tC 
OiOO'—t^cocjD— -r^coo 

c000t--0i00C0^OC<)'^»O 



ooooooooooo 
ooooooooooo 
o^'^r-CM'-'CNOOoo 

i>r oT cm" crT o' <N cn' co" ^ ^ i-T 

—I .-I —(CM —I 



OOSCMr^-^COOlO'rt^CMi-H 
0:;t--CMCMr-'0'^COO'^t^ 

QOcoior^oi-^CMcoTfot^ 
lo oo" cjT o to" --H ci" CO "^~ cm" — r 

CMCMOCMCOCDCCOOf^C-OiJtO 
<Cr-COCOOSCDOO"^fCGO 

CM cm" cm" '^" " r4 T-T 



CO CO 



-?*< CO 

lOO 

cocm" 



'ooooo 

J O O O CD o 



1^ , 1 11-, ,— ^ r— 1 r-T 1— ^— "^ ^^ '• 



_ 3 O lO O O C3 
OOO^CMCMCO-^iC 

1-. Lm ;-( o o 



13 73 
H C 

CO 



ooooocooSe 



*£;A^®° 2S « « 



5 ° 

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214 



STATESrriOS OT TNiCOME, PART 1 



o < 

■I g 



1 

1-1 

O) 

"cS 

o 

a 
.o 

"cS 

a 

a 

o 
Q 


d 
'3 

1 
a 

a 

<s 

bl> 

B 
O 

C 
a 

3 
« 


Effective 
tax rate, 
percent 
(returns 
with net 
income) 
(col. 12 
-6) 

(14) 




















































Average 
alterna- 
tive tax 
(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) 


a 

8 

_d 

a 


a 


CM 

a 
a 


■V 

a 
a 


T3 

C 


■a 
c 


CO 

c 
a 


C5 

a 
a 


a 
a 

CO 


a 
a 

CO 


i-< 

c 
a 


to 

■a 
a 
a 


CO 

a 
a 

"5 


CO 

a 

a 

>o 


a 
a 

CO 


00 

a< 

■a 
a 
a 


u, 

■a 
a 
a 


•o 
a 
a 


■a 
a 
a 

o 


■a 
a 
a 


•a 
a 
a 


t: 
a 
a 

CO 


< 

■a 
§ 


a 

a 

•o 


•a 
a 
a 



STATISTICS OF INCOME^ PART 1 



215 






S I 



^- i.i .^ ^ ::i. ii. .^ ^, (^ ^ (^ i-sj ,^ P-, 

- CO O '<*" GO O 00 

00 ■—" lo h^ co" r-"" ^^ 00 x" o o" -"i?^ o" oT 



w ,— (M CC '^ 



^O'^CO'— C^CO'-'OOOO'-'OOOCCt^ 

00Tr-^c^t^'-'OO00fccs'-<'^05 

t^fOC^^COCOOOOOO^Ol'— ^''J* 

to c^" ■^'" r^ ■^ o" o' o" lo" o' c<f Tt^ o" cT 

aJOOOGOOOC^CCOOOi0^t>0»0 
«y?CC^CO'-HfM-<f-oOCNCOOSOcc;C^ 



CDCCt^CO00»OOi'— ''^OMPOr'-OO 
t^C0OOi0i00»O'X;cD'-- '05CCCO»0 

^ OT 00 I>^ CD~ O '(l^ 00 00 *C CO O CO* '-T 
r^COCOCNC^-^COCOCO'MOCO^OS 

^c^^cs<-if-HooTfCJ"t-t^w:i»o 



<— 'COC^Ot^CCit~*>Ot^COW5'— 'COCO 

OOfMCDCOOt^-^OOOOcDiOOOiO-^ 

o^-o-^oioor-oocoooi^cos 
o -^" 1^ oi o irf ^"^ 00*" ^~ o* "^ c^ o" o" 



oooocooooooooo 
oooooooooooooo 

OOt--05t~^OOt--c£50CSeOtO'^'-ii— ( 

eo't^coccT .-T^crT^ ^^^cT 



frtc^.— lOiio—i »oo(N"^Oicocor^ 
moicooC"^'-'Oicooor--^cccsco 

OiCJOlC^COCOO'— tC^I-— "OOOl'iC 

io"c^''o6"CTr*o (xf — ""r^'o aTod'^ tt* oi" 

OCDC>1'**''^»CCSOtC»C^00— 'O 

iioicr>-(N»oiocDC<itoc^coc^a5»c 
oO'^coh-tD^t^r— t^ocot^co 

^00-^00«7»OOlC^'^'^C^OlOCC 

ccT Tj<" — r o ^' co" oo' c^* to" :D co" r~^ t^ •-<" 

.— lOOCOC^Oi^C— I— »'J«00COCDOl 
«9-CS CO •-' ■— I ^ C^ ^ "^ "^C Oi •-' O 



COC^»OC^l(Nt-OCOOi--Oi^QO 

coTft-^ooo^-ooTfc^oo^j'Oai 
CO*— "CO — aioo:ccor-t-coosoc^ 

CvT |--r o* O O Ci* o" ci" ^d" »£f — •—'" cT — 
C^OOl-— t^-^OO-— 'OO^CiOoOcC 

ioi->-r^coiDi^c^-^^ooocsoo 



r-(C^C^CS0000*C»OCOC0cO»OC^CO 



»O'^00f^t^3;C5»OCiO0lt~-C0iCI>'»O 

Troo»o»or-i^ — Tf:C'— 'h-cs^ooooics 
osr^-^c^j^oo'XCTi^ — t^^^^oO'^foo 

^^ oT t^ >-"' oo' o" t^~ x' c^' t^" •— * i^ t^ t^ cT o 

t-'OscO'-'t^cot^'— '■^'-'X»o«:x»oa> 

.— lO'^J'-'J'COCO'— ■■-HlOX'— 'COCOC^OO 
(N -^ —T r-T ^"^ ^*" i-T 

»o — oi!r5toioxoir--foO'*'^':oo<N 

OSOtTCSC^O:— iiOC<ICOOC^OiO'CTi'-< 

(^i'^ococ^io^^tc-^^^c^^c^coc^oo 
oO" CO 00 CO* Tt"' cc" cs~ x" co''oo ^' to" o* r-^ — ' CD 

Or'-'^O'-'C0<N0it^O0iXC0— <cOCO 

'-«OOt^05'-'C^a;0i'— 'Xcor-cocc^f 
,-*" CO*" I-T — ^*" ^* ic cs ^ --h' im' cs* c^' csT ^ 



COCO'OcDCO"^COOiX*Ot^t^cC^CO'— I 
(MiOC^C^'-Hi-i-^.-H 



' iO t^ •— ' t- t- i 



' I OOOQ = 

1 oiooioc; 

oooooooo-^c^c^co- 

CO^tocCb-XOi— », , , 



S33355 = =_.Z-Z_^^_ 



SOOC 
JOOC 



c o o oo 



= E 5 SS^ 
- - - := 3 rt 

S = = = 2 ^ 



'ca -^ g 



. r-* .— C^ CO ' 



216 



STATIST! CIS 0¥ INC'OME, PART 1 






c !^ Is ^ 
2 ^ s ^ 



SJ !- 



.£; -S fl !=! d S • 






t a <^ 



licsl 



> C3 (D 3 

J U, ZJ ^ 

y OJ OJ 

TO 0,^_ 



fig? 

^ - 



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-co o 
" (it 



i5d'^S 

sl-ga 

en -Wo 

liH 






go." 



03 d ^ ® -^ 



d o- 



.M 



o d -t^ .■;; c^ 



6 o D 
2 ^ 



^ H 



^csiccTt^idooo 



Io^»— -^^.-«CMC^CCi 



te fc^ J-, oj I 

E* OD dJ —i r 






S^ 
St2 



13 d 



ir3 CO cc I 

daadacpadddccaaaSSSSS 



HOKN 



STATISTICS OF INCOME, PART 1 



217 



CO GC' O ^ ^ GO O iC GC CC <C 00 O* O: I^ Oi 



woooor't^cc-?fOJirooo^cO'-i(Mio 

CCOOOti— (Cr^O-^OC'tMCCOC^it^CCCM 
OlCCOGC'^'OOC^^TrOiCOOlOlOOGO 

ic" oo' "-H* ic" GC* ro" oT cc' cc cc" lo' "-o" r^ cc" oi lo" 



Tjiic-^GCcccorci^cscccciMrcr^ 

5C. oo-^Tro^ccoJt-^Orcoo-Hco 



C0Q0':0'^i:CC0O(NG0^^OC0t^ 
Oi»OOCaGOC^»Ot--040'^CD"^00 

ic' 00 ^' CD <^f •^" --r 00 1~^ •--^*' lO -^ CO co" 

1— i.-fCNCSCO-^OO^H-^OiOiOS 



looo-rf-^cor-cc-^ — GcoO'— 'IOCS 

OsOi'-HOTr-'^iO'-iCOOCOCOTft^ 

rC c-f lO r-^ i-T lo rC c^i" .-T ci" .-T T-T CO t^ 

i-iOf^<N01'**»0000(NX'CJiOiOO 
^ C^ (M .-..-.!£; (M CN iC —. C^ r>- 



cooNc:i^a5ait^c:'-Hr^ocD'-H 

OOOCt— C^'— '•— 'CCOdOOOiOCDOi 



r^ CO Tf »-' c^ t^ <; 



Ol CO O CS| 00 



.— 'kOCOOCC^r^iCCOC'OGCOO^ 

COCJl'<TiOOiCS'<*'C^'<rOCOCCt--^ 

Cs^c^ 1-. .— CC <M CM lO — I C^ l>. 



cooO'— <uoTfr^CMoooiC"^"rj<t--co 

CCOO-^'-'OCdOiCO^^Tt^CCC^O 

Oi-Hi^Oir^OGCOtNt-^cco-^os 
r-T -rf'rc GO co'o r^o c<rt^co"'>r"oroo" 



oooooooooooooo 

C'OOOOOOOCiOOOOO 
cm' CO CfT »o" Oi" — r '-^~ '<^'" C^r cm" ^ rH 



CMOOOOOO"— '■^■^-^•— 'OlCMuOCO 
QOOOt— 1— <cDOiOO'-«cOCOOOlOOI>- 
cDCMi— lOCMCCl--':©^^!— <iC»Cl-^CO 

oo" oT lo o" o CO CM t^ oc r-^ •-'' CM ^ cT 
t^ocooo•^oa:lO^':^■rfc;*coC'<tl 

»— iCDCOCiCOiC-rrt^iO'^OCOTfCM 



t^ocor-i^oocoioor-Oh-t^t- 

OOuoCCCC'-'OiOOCOOOCMf—r^C^.-* 
CCCMiCt-CMOSOOCOt-OrOLCO 

oT id co' cc oo" I-" o oT '^^ lo" t-T x" r^ t>^ 



lOGCt--'— •COCO'— 'C:-^"^3:»OOOCO 
CicootOTr'c::or^cocc;-— i»cto 

OlOOCMOOI-^dO'^ ■^.CM CM CO 

oc' '•r ' ^ co' 00 »o CM r>^ ■*«i'' --' O -rr GO lo" 
oij^oc-— '^^ictii-''— tiCTrdcoi^co 

i-tiCCMOiCM-^Tfl^iO'-^OCO'^CM 



CO CM CO -^ '^ O 1 



' CO CM -* -- --H CM 



>-B 



:g >c o c oo I 



o »o o ^ o o o » - 
Tr >o ^ r* CO OS I— « 



I Ui o 









:= C R 



„_„ TS -3 -3 -c -c "r _ „ ^ 

-^ -^ -* -^ -^oooooooooSocoo 






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 



STATISTICS OF INCOME, PART 1 



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260 



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262 



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STATISTICS OF INCOME, PART 1 



263 



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264 



STATISTICS OF INCOME, PART 1 



s s: 



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S 


r- 00 



STATISTICS OF INCOME^ PART 1 



265 



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266 



STATISTICS OF INCOME, PART 1 



2 S 



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total 

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^ 


sss 



STATISTICS OF INCOME^ PART 1 



267 



Oi O <-• CI CO '^ »d CD h- COCi 



t-H to O CC CO -"^^ 



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437826—42- 



-18 



268 



STATISTICS OF INCOME, PART 1 



:5^ ..- « 



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a 

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COt>- 00 0> T-I C^ CO -^ 
— irH r-i-< INIMNNNN 



STATISTICS OF INCOME, PART 1 



269 



to t^OQOO "-I 



W CO -^ "D CO r^ C30 



N C*l(N(NCO CO cocococo«co cc 



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O&H 



o T-i cvj CO "* ic CO i:^ 5S 03 



270 



STATISTICS OF INCOME, PART 1 









>5 S9 K 



B'S 



CO l^ M* 03 ro 1-t « 



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STATISTICS OF INCOME, PART 1 



271 






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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