GOVDOC
BOSTON PUBLIC LIBRARY
: 3^^/95-7-^^
3 9999 063
5 978 2
JISTICS OF INCOME
1957-58
^ BOSTON PUBLIC LSBRARV^
GOVERNMENT DOCUMENTS DEPARTMENT
RECEIVED
• SOLE PROPRIETORSHIPS
• PARTNERSHIPS
• CORPORATIONS
with accounting periods ended
July 1957-June 1958
ihhrh-
OCBlDEfilk COLLEGE
\pfK 7 i960
ubrAry
U.S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE
v^rTT-^.-ic-i^iy '^-jc*^ 0'??^isrroKY
Statistics of Income / 1957-58
• Sole Proprietorships
• Partnerships
Corporations
U.S. Business
TAX RETURNS
Prepared under the direction of the
Commissioner of hiternai Revenue
by the Statistics Division
U.S. TRE.\SL•R^- DEP.\R1ME.\1- • IXTKRNAL REVE.XUE SER\ICE
Publication No. 438 (1960)
UNITED STATKS
GOVEKNINIENT PKINTING OFFICE
WASHINGTON : 1960
For .air l.y the Superinton<l.nl of Dociim.nt-, U.S. Government Printing Offiee, Washington 25, D.C. - Price 35 cents (paper cover)
LETTER OF TRANSMITTAL
Treasury Department,
Office of Commissioner of Internal Revenue,
V/ashington, D. C, February 10, 1960.
Sir: I am transmitting the U. S. Business Tax Returns in the
Statistics of Income series for 1957-58.
The purpose of this report is to present, in one volume, sionraiary
information for sole proprietorships, partnerships, and corporations.
The soviTce data are returns and schedules filed for accounting periods
ended July 1957 through June 1958.
Sole proprietorship and partnership data will not be published else-
where for this income year. However, numerous tables covering addi-
tional topics from the corporation returns are contained in the complete
report. Statistics of Income- 1957 -58 , Corporation Income Tax Returns.
This is the first publication of U. S. Business Tax Returns. A
more detailed report is planned for income year 1958-1959.
Respectfully,
Dana Latham.
Commissioner of Internal Revenue.
Honorable Robert B. Anderson,
Secretary of the Treasury.
Ill
CONTENTS
BUSINESS TAX RETURNS, 1957-58
Page
Profits 1
Receipts 2
Growth 2
Sources of the Data 3
Industrial Classification U
Description of the Sample and Limitations of the Data ^
TABLES
Sole proprietorships:
1. Number, business receipts, net profit, and net loss, by
industrial group 7
2. By size of business receipts:
Number, business receipts, and net profit, by industry. . 8
3. Number, by size of net profit, by industry 10
Active partnerships :
U. Number, business receipts, gross profit, net profit, and
net loss , by industrial group 11
5. By size of business receipts:
Number, business receipts, gross profit, and net profit,
by industry 12
6. Number, by size of net profit, by industry 13
Active corporations :
7- Number of returns, business receipts, gross profit, net
income, and deficit, by industrial group 14-
8. By size of total assets:
Number of returns, business receipts, gross profit, net
income, and deficit, by industry 15
9. Number of returns, by size of net income or deficit, by
industry 17
RETURNS AND SCHEDULES USED, 195 7
Form 1040, Sole Proprietorships:
Schedule C, Profit (or Loss) from Business or Profession, pp. 1
and 3 20
Schedule F, Farm Income and Expenses, p . 1 22
Form 1065: U. S. Partnership Return of Income, p. 1 23
Form 1120: U. S. Corporation Income Tax Return, pp. 1-4 24
IV
U.S. BUSINESS TAX RETURNS, 1957-58
This report marks the beginning of annual tabulations for unincor-
porated businesses engaged in all types of business activity. Not only
are income data for sole proprietorships and partnerships assembled in
one volume, but also, for convenience, there are included certain cor-
porate statistics, summarized from the more detailed tables in the com-
plete report. Statistics of Income, 1957-58, Corporation Income Tax
Returns- For subsequent years, a U. S. Business Tax Returns volume will
be prepared by the Internal Revenue Service and sold by the Superintend-
ent of Documents, Government Printing Office, Washington 25, D. C.
Represented are about 10,650,000 business organizations. Sole pro-
prietorships number 8,738,000, partnerships 971,000, and corporation
returns 940,000. The number of active corporations is somewhat higher
than the 940,000 returns shown herein, as data for an additional 13,500
subsidiary companies are included (and cannot be identified separately)
in the consolidated tax returns filed for affiliated groups of companies .
If the reader is interested in "small" business, he may wish to
combine the material for over 9,700,000 sole proprietorships and part-
nerships with that for the smaller corporations, such as the 821,000
corporation returns in table 8 with total assets under $1,000,000.
A few important items are emphasized in this report: Number, busi-
ness receipts, and net profit or net income. Also, for partnerships
and corporations, gross profit is tabulated. Nine tables are presented —
three each for sole proprietorships, partnerships, and corporation
returns. The first table for each of these three forms of organization
(tables 1, 4, and 7) contains rather detailed industrial groups. The
second table in each set (tables 2, 5, and 8) presents a significant
gross size classification — sole proprietorships and partnerships are
classified by size of business receipts and corporation returns by size
of total assets. The third table in each set (tables 3, 6, and 9) pre-
sents a frequency by size of net profit or income. The data in the se-
cond and third set of tables are also classified by industry.
PROFITS
Eight out of ten unincorporated businesses re-
ported a net profit and six of every ten corporation
returns showed a net income for the income year
1957-58. For unincorporated businesses, there were
7, 874-, 000 with net profits totaling $32 billion and
1,835,000 with net losses of $3.5 billion. For re-
turns of active corporations, there were 573,000
with net incomes equaling $49 billion and 367,000
with deficits of $4 billion.
As shown in tables 1, 4, and 7, large amounts of
profits were reported for certain industries. For
unincorporated businesses with net profit, the
3,600,000 engaged in trade and services accounted
for 58 percent of the $32 billion net profit. For
active corporations with net income, the 87,600 re-
turns for manufacturing accounted for 49 percent of
the $49 billion net income.
Some industries, notably construction, had a better
profit record than others . In the construction in-
dustry, 93 percent of the unincorporated businesses
showed a net profit. For corporation returns, firms
engaged in finance, insurance, and real estate had
the most successful year. In this industry, 64 per-
cent of the corporation returns showed a net income.
On the other hand, mining and quarrying was a more
risky activity. Over half of the corporation returns
for mining and quarrying showed a deficit. Unincor-
porated mines and quarries did somewhat better — over
60 percent had a net profit.
For all profitable firms, 78 percent reported a
net profit or income of less than $5,000 (see tables
3, 6, and 9) . This percentage is influenced by the
large number of sole proprietorships with relatively
low profits. Not only did 84 percent of the profit-
able sole proprietorships have a net profit of less
than $5,000, but 55 percent had a net profit of less
than $2,000. Slightly less than half of both part-
nerships and corporation returns showed a net profit
or income under $5,000.
Charts 1, 2, and 3 give the percentage distribu-
tion of net prof it or income among various industrial
activities for sole proprietorships, partnerships,
and corporations .
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Chart l.-SOLE PROPRIETORSHIP NET PROFIT DISTRIBUTEO BY INDUSTRY
I 1 OTfier
tivities ~|
Finance . insurance.
Construct ion
Retail and
26* wholesale trade.
Chart 2 -PARTNERSHIP NET PROFIT DISTRIBUTED BY INDUSTRY
Construction
Manufactur ing
Retail and
wholesale trade
F i nance , i nsurance
real estate
BUSINESS RECEIPTS
Receipts from business activity aggregated $931
billion for 1957-58. As would be expected, a large
portion, $685 billion, was reported on active cor-
poration returns . The receipts of manufacturing and
trade, reported on ■44-'4,000 returns, comprised 81
percent of the coiporate business receipts. Trade is
also an important activity in the sole proprietor-
ship and partnership areas . Over half of the $24-6
billion business receipts of unincorporated busi-
nesses was applicable to trade.
By far the largest number of businesses was in the
agriculture, forestry, and fishery group, which is
predominantly farming and related activities . Of
the 3,614-, 000 businesses in this group, 3,4-53,000
were sole proprietorships with business receipts of
nearly $24 billion.
Table A contains a summary of the receipts of U. S.
businesses, for eight broad industry categories.
Tables 2 and 5 for unincorporated businesses present
receipts for 22 more detailed industries, classified
by size of business receipts. The industrial detail
in tables 2 and 5 is presented for returns with net
profit, and returns with net loss are shown in
Tnble *.— SOLE PROPRIETORSHIPS, PARTNERSHIPS. \KD CORPORATIONS: NUMBER 4ND
BUSINESS RECEIPTS, BY INDUSTRY, 1957-58
Sole proprietorships
Industry
All industries.
and
Agriculture, forestry
fishery
Mining and quarrying
Construction
Manufacturing
Tranaportation, coamunica-
tlon, and other public
utilities
Trade
Finance, inau ranee, real
estate
Services
Nature of business not allo-
cable
Number^
6,737,665
3,452,851
33,075
598,418
170,395
295,561
,870,401
425,156
,825,599
66,209
Business
receipts
(minor,
dotl»r»)
162,687
23,498
1,164
13,589
6,248
3,683
39,312
5,057
19,533
602
Partnerships
Number^
Business
receipts
(HUJion
doll arm)
970,627
148,910
15,383
65,945
51,870
16,873
331,074
170,180
155,230
15,162
83,430
4,323
1,337
7,535
8,237
1,057
47,048
5,253
8,292
Corporations
Number-^
Business
receipts
(Million
dollars)
940,147
11,833
12,675
53, 576
138,566
37,763
305,117
276,935
90,597
13,085
684,883
2,858
11,108
26,675
327,539
54,443
229,076
15,668
17,329
Number of businesses and farms of sole proprietorships, based on schedules filed
with individual income tajc returns.
^Number of active partnerships.
'Number of retuma filed for active corporations.
NOTE: Amounts are rounded and may not add Lo total.
aggregate. Table 8, for active corporation returns,
presents business receipts classified by the eight
broad industry categories used for table A. The
corporate material is classified by size of total
assets, a significant gross size classification
available from the complete report. Statistics of
Income, 1957-58, Corporation Income Tax Returns.
GROWTH
Unincorporated businesses increased 29 percent in
number in the ten- year period 194-7-48 to 1957-58.
Moreover, the business receipts of sole proprietor-
ships and partnerships increased 53 percent during
the same period. For both types of organizations,
the increase in business receipts for the service
industries was over 95 percent. The number of
unincorporated businesses engaged in services in-
creased 57 percent during the same ten-year period.
Data for each intervening year in this period are
not available for sole proprietorships and partner-
ships.
Unincorporated business
Percent Increase, 1947-48
to 19 57-58
Number
Business
receipts
Sole proprietorships
Partnerships
32
9
61
41
The number of corporation returns increased 70
percent from 1947-48 to 1957-58. The business re-
ceipts of corporations, like those of unincorporated
business organizations, increased substantially, 94-
percent, from 1947-4-8 to 1957-58.
Table B shows the number and the business receipts
for each type of organization for the three income
years, 1957-58, 1953-54, and 1947-48.
U. S. BUSINESS TAX RETURNS. JULY 1957-JUNE 1958
Table B.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS: NUMBER AND
BUSINESS RECEIPTS 1957-58, 1953-54, AND 1947-48
Form of organization
Nunberi
Business receipts
(mition dotltrm)
1957-58
1953-54
1947-48
1957-58
1953-54
1947-48
Total
Sole proprietorships- . . .
Partnerships
10,648,439
8,737,665
970,627
940,147
9,371,078
7,714,512
953,591
697,975
8,064,969
6,624,300
888,862
551,807
931,000
162,687
83,430
684,883
756,898
143,792
78,539
534,568
514,172
101,124
59,253
353,794
^HuiDber of businesses and farms of sole proprietorships, based on schedules filed
with individual income tax returns; number of active partnerships; number of returns
filed for active corporations, including consolidated returns of affiliated groups.
NOTE: Amounts are rounded and may not add to total.
Sources for 1953-54 and 1947-48:
Sole proprietorships— Statistics of Income for 1953, Part 1, p. 46; Statistics of
Income for 1947, Part 1, p. 190.
Partnerships — Statistics of Income, 1953, Partnership Returns, p. 16 and p. 48
(for 1947).
Corporations — Statistics of Income for 1953, Part 2, p. 37; Statistics of Income
for 1947, Part 2, p. 86.
SOURCES OF THE DATA
Financial data for this report were obtained from
returns and schedules filed for income year 1957-58.
Different terms are used on the returns and sched-
ules applicable to sole proprietorships, partner-
ships, and corporations to describe items similar
in nature. Throughout this report, where such items
have the same basic definition, one name has been
employed. An example is "Business receipts." This
term is used to describe what is labeled total re-
ceipts on the business schedule of Form 1040, gross
receipts on Form 1065, and gross sales and gross
receipts from operations on Form 1120 .
The tax laws and regulations prescribe varying
treatment of income and deduction items includable
in computing sole proprietorship net profit, part-
nership net profit, and corporation net income. Net
profit and net income, therefore, are not strictly
comparable.
Returns and Schedules Used
Sole proprietorships. — An individual income tax
return must be filed by every citizen and resident
alien who receives $600 or more gross income ($1,200
if over 65 years of age) and by every person, subject
to the self-employment tax, who had self-employment
income of $4-00 or more. Financial data pertaining
to sole proprietorships were obtained from the bus-
iness schedule C and the farm schedule F filed with
the Form 1040.
Partnerships — Although a partnership is not taxed
as an entity, it is required to file an information
return, Form 1065. Each individual partner is taxed
on his distributive share of the total partnership
income, whether or not it is actually distributed.
For Federal income tax purposes, a partnership can
be a syndicate, joint venture, pool, or other unin-
corporated organization which carries on any busi-
ness or venture, and which is not, wi-thin the mean-
ing of the Internal Revenue Code, a trust, estate,
or corporation.
Gjrporation returns. Domestic and resident foreign
corporations, except charitable and other civic and
business associations expressly exempt from taxation
under section 501 of the Internal Revenue Code of
1954, must file income tax returns, whether or not
they transacted business during the current year.
Data on corporations were obtained from returns in
Chart 3.-C0RP0RMI0N NET INCOME DISTRIBUTED BY INDUSTRY
I — Retail and wholesale
trade
Insurance and
real estate
the Form 1120 series filed by active, nonexempt
corporations.
Returns and schedules, marked to indicate items
tabulated, are shown on the following pages:
Sole proprietorships pp. 20-22
Partnerships p . 23
Corporations pp . 24-27
Number
Sole proprietorships. — The number of businesses
operated by single owners. If several business
schedules are filed with one return, each is clas-
sified separately according to industrial activity.
If two or more businesses of the same tjrpe are in-
cluded, they are processed as one business. Com-
munity property businesses divided between husband
and wife for income tax purposes are considered as
a whole and counted as one business.
Partnerships The number of active partnerships,
not the number of partnership returns . Duplicate
returns, which may have been filed for the same
partnership, are eliminated.
Qjrporation returns The number of returns filed
for active corporations. A group of corporations
filing a consolidated return is counted as one re-
turn.
Business Receipts
Sole proprietorships Total receipts from sales
and services, less rebates, returns, and allowances,
plus other business income. Total receipts do not
include long- or short-term capital gains or losses,
nor do they include investment income not associated
with the taxpayer's business. The business receipts
are understated by an indeterminable amount since
receipts were not reported for 329,000 enterprises,
which did, however, report net profit or loss.
Partnerships — Gross receipts from sales and serv-
ices, less rebates, returns, and allowances.
Corporation returns. — Gross sales plus gross re-
ceipts from operations, less rebates, returns, and
allowances .
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
A sizeable part of the income of corporations and
partnerships engaged in Finance, insurance, and real
estate is not reflected in their business receipts
because reporting instiTictions prescribed separate
entries for investment income.
Net Profit (or Loss)
Sole proprietorships The difference between
gross profit and total deductions. The amount is
reported on line 23, page 1, of schedule C and line
10, schedule F, Form lO'iO.
Partnerships The difference between gross prof it
and total deductions. The amount is reported on
line 25, page 1, Form 1065. In computing partner-
ship net profit, the deduction for contributions and
the net operating loss deduction are not allowed.
For partnerships engaged in Finance, insurance, and
real estate, ordinary income has been tabulated.
Ordinary income equals net profit, as defined above,
plus investment income, income or loss from other
partnerships, net gain or loss from the sale of
property other than capital assets, and other income
received by the partnership. Ordinary income is
reported on line 33, page 1, Form 1065.
Long- and short-term capital gains or losses,
contributions, certain dividend and interest income,
and other income and deduction items specified by
the tajc laws or regulations are not included in com-
putation of partnership income or profit. Instead,
each partner enters his distributive share of such
items, under their respective headings, on his in-
dividual income tax return.
Net Income (or Deficit)
Corporation returns All items of taxable income
less business deductions. The special deductions
and the net operating loss deduction are not in-
cluded. Net income is equivalent to line 32, page
3, Form 1120 and line 15, page 2, Form 1120L and
line 18, page 1, Form 1120M.
Businesses with zero net income or prof it were in-
cluded in the net loss or deficit category.
Gross Profit
Partnerships — Business receipts less cost of goods
sold as reported on line 11, page 1, Form 1065.
Gsrporation returns. — Business receipts less cost
of goods sold and cost of operations .
Gross profit, in aggregate, for both partnerships
and corporation returns, has been reduced by any
gross loss reported.
INDUSTRIAL CLASSIFICATION
There are eight basic industries, subdivided for
sole proprietorships and partnerships into 76
industrial groups. For corporations, the eight in-
dustries are subdivided into 65 categories that are
generally comparable to the 76 categories used for
the other business enterprises.
The industrial classification used for all
Statistics of Income reports is based on the 19'+5-4-9
Standard Industrial Classification issued by the
Office of Statistical Standards, Bureau of the
Budget, Executive Office of the President. The
Standard Industrial Classification, developed to
classify establishments, was adapted to an ownership
or legal entity basis. In general, the definitions
in the Standard Industrial Classification were
accepted, but certain combinations were appropriate
in order to present statistics on an ownership basis.
Each corporation, partnership, and sole proprietor-
ship is classified according to the business
activity accounting for the largest percentage of its
total receipts. Even though a corporation may have
numerous diversified activities, the data from each
return must be tabulated for a single activity which
meets the above definition. Each sole proprietor-
ship is classified separately according to each
business schedule. However, two or more businesses
in the same industry, reported on separate schedules
by a single taxpayer, are combined as one. Partner-
ship returns are classified by the major activity
of the partnership.
Three variations from the definitions in the
Standard Industrial Classification, used for the
Stat istics of Income reports, are:
(1) Public utilities — Radioand television broad-
casting is classified as a public utility (Communi-
cations) rather than as a service.
(2) Wholesale trade. — Commission merchants are
distinguished from other kinds of wholesalers in
the corporation industrial categories. For Statis-
tics of Income, the group. Commission merchants, in-
cludes all types of corporations principally engaged
in commission or fee wholesaling — such as agents,
brokers, manufacturers' agents, selling agents,
purchasing agents, assemblers of farm products, and
auction houses. If their commissions are equal to
10 percent or more of their regular sales, corpora-
tions combining commission and regular wholesaling
are also included.
For sole proprietorships and partnerships, com-
mission merchants are presented with wholesalers
other than those trading in farm products or food.
(3) Holding and other investment companies.— These
companies are defined as those reporting dividends
as the largest single item of income and with divi-
dends, interest, and capital gains constituting 50
percent or more of total receipts . Corporations
not meeting these criteria may be included in the
industrial group. Credit agencies other than banks.
DESCRIPTION OF THE SAMPLE AND LIMITATIONS
OF THE DATA
Data presented in this report are based on a
stratified systematic sample of returns and sched-
ules filed for the income year 1957-58, covering
accounting periods ended July 1957 through June
1958.
Over half of the corporation returns with a full
12-month accounting period were filed on a calendar-
year basis. Net income, as reported by those with
accounting period ended December 1957 was nearly
$38 billion, compared with slightly over $11 billion
reported by all other corporation returns. The
overwhelming majority of sole proprietorships and
most of the partnerships filed calendar- year returns.
U. S. BUSINESS TAX RETURNS. JULY 1957- JUNE 1958
Statistics were obtained from returns of active
corporations and partnerships . An active corpora-
tion or partnership, for purposes of Statistics of
Income, is one for which at least one Income or
deduction item Is reported on the return form. The
returns of inactive partnerships and corporations
which were excluded constituted less than 3 percent
of the total number of partnerships and corporation
returns . In addition, data from returns of organi-
zations exempt from tax, filing return forms in the
990 series, were not included in the corporation
statistics.
Excluded from the statistics on sole proprietor-
ships were business schedules filed by partners
reporting their self-employment income. These
schedules were filed in accordance with section 6017
of the Internal Revenue Code of 195'4, requiring
returns from individuals who had net earnings from
self-employment of $4-00 or more. Also excluded from
the sole proprietorship data were returns of fidu-
ciaries reporting, on Form 10-41, trade or business
income. Statistics of Income-1956 , Fiduciary Income
Tax Returns for 1956 includes information on some
21,000 returns of trusts and estates with gross
profit or loss from trade or business.
Data from Form 1120 returns filed by partnerships
and sole proprietorships choosing to be taxed as
corporations were excluded from any tabulations.
This group is estimated to number about 200. Tenta-
tive returns and those not associated with their
originals were also excluded from tabulations of
data for all types of returns .
Description of the Sample
Uniform methods of classifying returns were
prescribed for each of the 64 district offices and
the International Operations Division in Washington,
D. C, to facilitate the administrative processing
of returns for collection and audit purposes. The
sample design was adapted to fit the regular number-
ing and grouping procedures used by the Collection
Division.
Returns of individuals were classified by pres-
ence or absence of business income, size of adjusted
gross income, and taxpayment status. Partnerships
were classified by size of gross receipts or total
Income. Returns of corporations were classified by
size of gross sales, gross receipts, or total in-
come, by taxable and nontaxable status, and taxpay-
ment status .
Sole proprietorships
The total sample, based on individual returns
with business income, consisted of 101,264 returns.
This constituted about 1 percent of the total number
of 9,985,593 individual income tax returns with
business schedules C or F that were filed for the
year.
Individual returns with business Income which
showed adjusted gross income of $150,000 or more
were selected at a one-to-one ratio. Various sam-
pling ratios were prescribed for the other returns
included in the stratified systematic sample.
The number of returns with business schedules
filed, the number of such returns in the sample, and
the prescribed sampling ratio by sampling strata
were:
Pre-
Number of returns scribed
In sampling
Sampling strata Piled'*' sample ratio
Form 1040, total 9,985,593 101,264
Adjusted gross income:
Under $10,000:
Schedule C 5,627,819 44,546 s/lOOO
Scheduler 3,235,480 9,364 3/1000
$10,000 under $50,000, sched-
ules C and F 1,073,320 30,402 3/100
$50,000 under $150,000, sched-
ules C and P 44,856 12,834 3/l0
$150,000 and over, schedules
C and F 4,118 4,118 l/l
■'-Ihcludes returns with business schedules filed by part-
ners reporting their self-employment income.
Partnerships
Over a million partnership returns were filed
for income year 1957-58. An adjustment for dupli-
cate partnership returns, sometimes filed for more
than one partner, reduced the total number to
982,422. Over 3 percent of this number was included
in the total sample of 33,691 returns. Included in
the total number filed are 11,815 inactive partner-
ship returns, from which no data were tabulated.
The information on partnerships is derived from
a stratified systematic sample of all returns re-
porting gross receipts or total income of $500,000
or more and of other returns, not meeting the re-
quirements for 100 percent coverage, which were
sampled at various ratios .
The number of partnership returns filed, the
number In the sample, and the prescribed sampling
ratio by sampling strata were:
Pre-
Number of returns scribed
Jn sampling
Filed''- sample ratio
Sampling strata
Form 1065, total 982,442 33,691
Gross receipts and total in-
come each less than $20,000.. 911,591 9,446 1/100
Either gross receipts or total
income between $200,000 and
$500,000 and none $500,000 or
more 48,630 2,276 1/20
Either gross receipts or total
Income $500,000 or more 22,221 21,969 l/l
■'■Adjusted for duplicate returns filed. Ihcludes inactive
partnership returns.
Qjrporation returns
The total sample consisted of 207,863 returns,
about 21 percent of the total number of 984,202
6
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
corporation returns filed for the year. Included in
the number of returns filed are 4-4-,055 for inactive
corporations, from which no information was tabu-
lated .
Returns with gross sales, gross receipts, or
total income of $1,000,000 or more and all life and
mutual insurance company returns, consolidated re-
turns, and returns with overpayment of tax were
sampled at a one-to-one ratio. Other returns were
sampled at various ratios according to size of gross
sales, gross receipts, or total income.
The number of corporation returns filed, the
number in the sample, and the prescribed sampling
ratio by sampling strata were:
f re-
Humber of returns scribed
In sampl lug
Sampling strata Filed-*- sample ratio
Form 1120, total 984,202 207,863
Gross sales, gross receipts, or
total Income, each less than
$100,000 545,751 51,592 1/10
Either gross sales or gross re-
ceipts or total Income between
$100,000 and $1,000,000 and
none $1,000,000 or more 348,790 66,610 l/S
Either gross sales or gross re-
ceipts or total Income
$1,000,000 or more and all
consolidated and life and mu-
tual Insurance company returns,
and returns with overpayment
of tax 89,661 89,651 l/l
■'-Jhcludes returns of Inactive corporations.
the number of returns filed and comparing this ex-
pected sample size with the number of sample returns
actually received. When receipts of returns appeared
to be inadequate, district offices were requested
to transmit additional returns. Sample data were
extended to the sampling stratum totals by weights
obtained by dividing the total number of returns
filed in a sampling stratum by the number of sample
returns received in that stratum.
Sampling Variability
Table C shows the relative sampling error of the
estimated number of businesses, active partnerships,
and returns of active corporations, for selected in-
dustries. For the items shown, the table indicates the
range in percent within which 19 out of 20 similarly
derived estimates would fall.
Table C— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND C0BP0B\TI0NS: RELATIVE SAMPLING
ERRORS OF ESTIMATED NUMBER FOR SELfeCTED INDUSTRIES '
Sole proprietorships
Industry
Agriculture, forestry, and
fishery
Mining and quarrying
Construction
Uanui acturing
Transportation, communica-
tion, and other public
utilities
Trade
Wholesale
Retail
Finance, insurance, real
estate
Services
Relative
sampling
error
(Percent)
Not calculated
33,075
598,418
170,395
295,561
,870,401
260,319
,538,995
425,156
,825,599
17.98
4.48
8.52
6.53
2.19
6.46
2.52
5.09
2.18
Active
partnerships
Relative
sampling
error
(Ferceni)
Not calculated
15,383
65,945
51,870
16,873
331,074
53,161
266,006
170,180
155,230
15.11
7.05
7.76
14.59
2.64
7.16
3.11
4.25
4.47
Active corpora-
tion returns
Relative
sampling
error
(Percent)
11,833
12,675
53,576
4.95
4.59
2.06
Not calculated
37,763
305,117
103,474
178,493
276,935
90,597
2.67
0.72
1.33
1.05
0.86
1.73
^The table indicates the range in percent within which 19 out of 20 similarly de-
rived estinates would fall.
Method of Estimation
The total number of returns with business sched-
ules filed, partnerships filing returns, and corpo-
ration returns filed was determined from counts made
in each of the district offices and submitted to the
Statistics Division.
The adequacy of receipts by sampling stratum -^as
reviewed by applying the prescribed sample rates to
An extensive system of sample management was
used to minimize biases arising from processing
errors, incomplete coverage, and inaccuracies in
estimating the number of returns filed. The returns
and schedules were mathematically verified, but were
tabulated prior to official audit by the Internal
Revenue Service. Therefore, errors made by tax-
payers on the returns were not completely elimi-
nated.
SOLE PROPRIETORSHIPS
U. S. BUSINESS TAX RETURNS. JULY 1957-JUNE 1958
Table 1.— NUMBER, BUSINESS RECEIPTS, NET PROFIT, AND NET LOSS, BY INDUSTRIAL GROUP
Industrial group
All industria 1 groups
Agriculture, forestry, and fishery, total
Farms
Agricultural services, hunting, and trapping
Forestry
Fishery
Mining and quarrying, total
Metal and coal mining; nonnietsllic raining and quarrying
Crude petroleum and natural gas production
Construction, total
General contractors
Special trade contractors
Contractors not allocable
Manufacturing, total
Beverages
Food and kindred products
Textile-ralll products
Apparel and products made from fabrics
Lumber and wood products, except furniture
Furniture and fixtures
Printing, publishing, and allied industries
Chemicals and allied products
Leather and leather products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products, except machinery and transportation equipment
Machinery, except transportation equipment and electrical
Electrical machinery and equipment
Transportation equipment
Other manufacturing industries
Transportation, communication, and other public utilities, total
Trucking and warehousing
Other transportation
Communication and other public utilities
Trade, total
Wholesale, total
Food
Farm products ( raw materia Is )
Other wholesalers; commission merchants
Retail, total
Food
General merchandise ,
Apparel and accessories
Furniture and housef urnishings ,
Automotive dea lers
Gasoline service stations ,
Drug stores ,
Eating and drinking places ,
Lumber and building materials ,
Hardware and farm equipment ,
Liquor stores ,
Antique stores and secondhand stores ,
Book and stationery stores
Sporting goods stores and bicycle shops ,
Florists ,
Jewelry stores ,
Newsdealers and newsstands
Other retail trade
Trade not allocable
Finance, insurance, real estate, total
Security and commodity-exchange brokers and dealers ,
Other finance
Insurance agents, brokers, and services ,
Reel estate
Combinations of real estate, insurance, loans, law offices ,
Services, total
Hotels and other lodging places
Personal services, total
Laundries , cleaners , and dyers
Photographic studios, including commercial photography
Barber and beauty shops, including schools for operators
Funeral service and crematories
Other personal services
Business services, total
Advert ising
Accounting, auditing, and bookkeeping
Other business services
Automobile repair services and garages
Other repair services
Amusements , tota 1
Motion picture theaters
Other amusements and recreational services
Medical and other health services, total
Physicians, surgeons, oculists ,
Dentists and dental surgeons
Other medical and health services
Legal services
Educational services
Engineering and architectural aervlcea
Other services
Nature of business not allocable
(1)
8,737,665
3,452,851
3,3i3,22i
79,822
1,182
28,623
33,075
11,485
21,590
598,418
92,134
456,177
20,057
170,395
1,187
14,216
1,875
8,313
54,556
8,153
22,958
2,766
1,395
5,238
1,786
8,021
11,854
1,353
2,839
23,885
295,561
212,609
69,934
13,018
260,319
31,318
13,853
215,148
1,538,995
358,532
64,758
70,510
75,494
60,520
185,498
37,263
303,546
23,350
32,090
24,669
24,149
8,119
14,224
15,103
20,865
17,108
203,197
71,087
425,156
9,523
7,130
142,054
237,325
29,124
1,825,599
144,600
442,392
71,546
22,261
238,271
15,739
94,575
217,780
11,362
82,899
123,519
114,155
168,537
79,984
5,196
74,788
382,817
136,623
76,663
169,531
112,911
65,307
40,682
56,434
66,209
Business
receipts
(Thousand
dollars)
(2)
162,686,506
23,497,998
22,416,438
911,011
5,037
165,512
1,164,289
338,113
826,176
13,589,214
5,434,382
7,765,785
388,547
6,248,046
81,762
1,245,357
93,676
576,884
1,365,981
230,944
623,215
55,295
35,516
178,056
101,933
328,057
528,462
68,891
89,618
644,399
3,682,743
2,897,286
607,684
177,773
89,312,470
18,511,321
3,662,865
2,988,993
11,859,463
66,668,849
17,956,497
2,335,403
2,624,507
3,156,080
7,892,701
9,573,328
2,738,786
7,689,439
1,347,025
1,835,686
1,606,356
303,402
238,662
277,038
■ 291,721
595,400
333,387
5,873,431
4,132,300
5,056,909
150,907
90,070
1,513,389
3,000,925
301,618
19,533,328
1,250,787
3,538,089
1,072,745
203,046
1,371,347
471,275
419,676
1,923,809
320,869
524,330
1,078,610
1,601,084
1,325,848
1,019,273
103,812
915,461
6,391,622
3,536,759
1,633,781
1,221,082
1,366,115
219,919
614,257
282,525
601,509
Businesses with net profit
(3)
7,094,181
2,525,471
2,436,046
66,4i6
767
22,212
20,557
8,194
12,363
557,398
81,152
458,161
18,085
137,698
808
11,120
1,674
7,066
43,700
6,723
19,74A
2,341
1,269
3,451
1,407
5,722
10,395
1,114
2,189
18,975
241,031
168,504
60,828
11,699
228,007
28,151
11,535
188,321
1,279,974
312,368
53,340
58,302
60,625
44,915
157,329
34,294
247,282
18,237
24,785
21,922
19,139
7,070
10,573
11,357
18,081
16,094
164,261
54,456
355,885
7,620
6,338
131,142
185,159
25,626
1,636,837
1(B,429
412,558
63, ■^7
17,277
228,780
13,773
88,931
197,235
9,781
78,559
108,895
101,463
148,138
56,616
2,086
54,530
368,186
128,488
75,508
164,190
105,197
60,432
34,259
43,324
56,867
Business
receipts
(TfxKiaand
dollars)
(4)
145,357,029
19,433,308
18,509,284
762,954
3,636
157,434
859,076
285,820
573,256
12,656,878
5,016,524
7,306,007
334,347
5,025,728
71,479
597,394
93,225
517,326
1,089,581
215,659
606,984
53,250
35,301
149,257
53,245
287,405
517,095
64,401
84,616
589,510
3,150,755
2,430,286
560,353
160,116
80,460,955
16,773,052
3,458,243
2,380,084
10,934,725
60,006,250
16,436,645
2,120,077
2,407,331
2,800,617
6,519,160
8,789,756
2,664,577
6,833,769
1,220,933
1,414,689
1,537,455
273,536
227,783
244,337
263,178
555,595
322,256
5,374,556
3,681,653
4,679,512
141,117
87,576
1,488,834
2,676,328
285,657
18,547,950
973,722
3,397,642
1,009,550
181,823
1,343,212
462,100
400,957
1,855,620
312,026
519,890
1,023,704
1,489,685
1,260,482
847,227
48,341
798,886
6,329,336
3,516,681
1,629,833
1,182,822
1,349,284
192,929
578,853
273,170
542,867
Net
profit
dollars)
(5)
22,806,867
4,701,701
4,460,293
194,421
1,399
45,588
166,806
34,393
132,413
1,873,466
423,040
1,387,239
63,187
657,551
7,797
50,886
10,828
37,257
121,615
25,410
107,691
13,479
6,544
16,353
10,582
45,249
86,359
7,158
12,853
97,490
607,408
443, 131
126,137
38,140
5,878,653
1,256,741
127,121
49,751
1,079,869
4,350,920
891,291
169,673
237,376
252,764
232,867
509,315
232,395
732,483
97,930
100,574
125,343
38,941
24,702
28,122
34,105
78,984
37,771
476,284
270,992
1,477,029
51,442
42,325
607, 348
653,484
122,430
7,302,067
193,662
990,093
180,925
46,293
518,796
100,951
143,123
674,523
54,894
253,539
361,090
285,705
341,460
170,160
5,398
164,762
3,439,115
2,080,190
808,584
550,341
748,002
83,999
208,128
162,220
142,186
Businesses with net loss
C6)
1,643,484
927,380
907,178
13,376
415
6,411
12,518
3,291
9,227
41,020
11,032
28,016
1,972
32,697
379
3,096
201
1,247
10,856
1,430
3,214
425
126
1,787
379
2,299
1,459
239
650
4,910
54,530
44,105
9,106
1,319
307,964
32,312
3,167
2,318
26,827
259,021
46,164
11,418
12,208
14,869
15,605
28,169
2,969
56,264
5,113
7,305
2,747
5,010
1,049
3,651
3,746
2,734
1,014
38,936
16,631
69,271
1,903
792
10,912
52,166
3,498
188,762
35,171
29,834
7,749
4,984
9,491
1,966
5,644
20,545
1,581
4,340
14,624
12,692
20,399
23,368
3,110
20,258
14,631
8,135
1,155
5,341
7,714
4,875
6,423
13,110
9,342
Business
receipts
( Thousand
dollars)
(7)
17,329,477
4,064,690
3,907,154
148,057
1,401
8,078
305,213
52,293
252,920
932,336
418,358
459,778
54,200
1,222,318
10,283
647,963
451
59,553
276,400
15,285
16,231
2,045
215
23,799
48,688
40,652
11,367
4,490
5,002
54,889
531,988
467,000
47,331
17,657
8,851,515
1,738,269
204,622
608,909
924,738
6,662,599
1,519,852
215,326
217,176
355,463
1,373,541
783,572
74,209
855,670
126,092
4?0,997
68,901
29,866
10,879
32,701
23,543
39,305
11,131
498,875
450,647
377, 397
9,790
2,494
24,555
324,597
15,961
985,378
277,065
140,447
63,195
21,223
28,135
9,175
18,719
68,189
8,343
4,440
54,906
111,399
65,366
172,046
55,471
116,575
62,286
20,078
3,948
38,260
16,831
26,990
35,404
9,355
58,642
( Thousand
dollars)
(8)
_1_
2,536,696
1,259,747
1,227,650
24,591
1,191
6,315
134,213
9,265
124,948
113,481
62,719
44,665
6,097
85,748
422
20,951
387
4,966
27,254
3,006
4,469
470
242
3,529
1,254
5,008
2,547
1,27(
1,411
8,556
79,157
67,505
9,378
2,274
519,785
71,432
8,925
8,242
54,265
421,420
62,396
14,348
24,991
23,407
46,568
36,944
9,513
70,332
14,510
28,043
4,178
6,983
1,472
4,579
2,976
14,408
604
49,668
26,933
104,484
6,729
7,644
9,X5
71,239
9,527
275,639
68,731
19,528
6,460
3,269
5,494
1,756
2,549
25,319
1,859
3,346
20,114
14,186
14,018
80,223
6,753
73,470
20,486
12,705
912
6,369
8,170
5,244
9,685
10,049
14,442
8
SOLE PROPRIETORSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Table 2 . —BUSINESSES WITH NET PROFIT BY SIZE OF BUSINESS RECEIPTS: NUMBER, BUSINESS RECEIPTS, AND NET PROFIT, BY INDUSTRY— BUSINESSES WITH
NET LOSS, ALL INDUSTRIES
Size of business receipts
Business
receipts
(Thousand
dollars)
Net profit
f TTiousand
dollars)
Business
receipts
(Thousand
dollars)
Net profit
(Thovs,
dalla,
Business
receipts
Net profit
(ThousaruJ
dollars)
Business
receipts
(Thousand
dollars)
Net profit
( Thousand
dollars)
BUSINESSES WTH NET PROFIT
Total
Under $1,000
$1,000 under $2,000
42,000 under $3,000
$3,000 under $i,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$30,000 under $iO,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or more
Not stated
Total
Under $1,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$30,000 under $40,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or nare
Not stated
Total
Under $1,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$30,000 under $40,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or more
Not stated
Total
Under $1,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$»,000 under $40,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or more
Not stated
All industries
Agriculture, forestry, and fishery
Mining and quarrying
Construction
7,094,181 145,357,029 22,806,867
556,799
767,140
615,313
517,405
433,293
650,756
677,691
656,948
397,484
270,462
207,605
284,676
180,837
243,361
123,689
253,598
257,124
342,052
1,131,832
1,517,908
1,805,560
1,937,625
3,861,422
5,684,379
8,044,267
6,901,517
6,060,733
5,699,542
9,818,280
3,048,262
14,815,977
10,645,103
59,042,570
2,525,471 19,433,308 4,701,701
178,460
525,238
641,413
717,331
747,182
1,374,746
1,776,132
2,262,764
1,739,360
1,428,272
1,189,633
1,913,425
1,326,458
2,004,638
1,128,512
3,352,792
500,511
228,603
366,872
277,385
238,875
208,222
311,369
323,641
245,740
114,902
54,920
29,754
33,037
12,263
15,302
4,816
8,456
51,314
146.006
544,189
684,301
837,185
930, 548
1,844,910
2,709,446
2,970,911
1,979,067
1,222,077
815,322
1,145,195
541,633
923,787
414,784
1,723,947
73,905
232,265
242,019
259,233
283,835
550,473
731,843
735,564
445,119
245,159
145,307
217,005
98,397
152,526
74,025
141,263
73,763
20,557
1,547
1,484
1,629
985
1,224
853
1,571
2,443
972
506
675
828
1,068
877
578
2,257
1,060
859,076
567
2,059
4,017
3,314
5,381
4,937
13,343
30,875
17,299
11,145
19,061
29,183
47,352
53,279
50,775
566,489
233
1,151
1,924
1,123
2,149
1,212
4,143
7,417
4,643
4,160
5,618
6,767
8,757
8,172
9,405
96,575
3,357
557,398
42,379
58,618
50,496
40,025
27,718
41,143
35,651
44,109
25,571
19,679
17,080
21,989
15,354
19,940
27,299
60,041
28,135
86, 149
124,104
139,375
124,190
243,799
298,789
545,075
442,761
439,137
466,131
759,547
706,650
,228,884
849,736
1,873,466
18,171
53,506
76,017
78,194
68,979
111,655
104, 551
142,654
105,380
33,875
75,832
115,174
94,909
146,568
82,155
417,659
98,187
Manufacturing
8,699
8,499
9,113
7,450
6,733
10,246
11,213
12,061
9,592
6,235
4,337
7,518
5,206
3,074
5,379
12,332
4,961
5,025,723
5,047
13,266
22,392
26,449
30,412
60,392
93,284
150,665
165,480
139,433
118,324
257,789
233,218
507,210
463,346
Transportation, comraunication,
and other public utilities
Total trade
Trade: Wholesale
657,551
2,334
4,914
3,982
11,217
10,307
22,157
30,882
37,856
37,760
28,013
21,979
42,543
33,130
66,769
52,725
223,351
12,582
Trade: Retail
1,279,974 60,006,250 4,350,920
32,267 17,587 5,632
37,169 54,434 13,745
38,090 95,214 22,030
31,851 110,783 23,258
29,083 130,740 26,633
59,824 359,102 64,550
31,589 694,674 107,381
116,699 1,448,810 197,915
105,643 1,343,012 231,023
90,286 2,034,114 217,808
85,357 2,348,967 251,548
127,183 4,402,634 436,785
92,917 4,149,704 357,468
132,310 8,062,864 610,442
73,222 6,234,921 432,716
132,201 27,968,690 1,303,511
14,283 - 48,425
Hotels and other lodging
places
109,429
14,960
17,106
13,534
9,333
8,736
9,604
9,310
9,234
4,040
2,266
2,199
2,319
1,731
2,149
581
516
1,811
973,722
10,505
25,080
32,462
32,218
39,226
56,323
78,798
111,375
68,548
50,634
59,430
80,018
77,232
126, 507
47,693
77,673
193,662
5,502
10,192
10,935
7,974
10,848
14,333
16,892
23,318
12,652
11,199
10,077
11,556
13,423
16,769
7,445
8,106
1,891
241,031
14,942
23,764
27,250
23,299
19,817
28,515
26,343
24,997
14,359
7,230
5,099
4,773
2,413
4,310
2,831
3,804
7,285
9,397
35,598
67,737
81,369
88,875
167,725
219,157
304,468
246,285
164,969
142,383
160,640
105,994
257,286
244,114
354,757
607,408
3,311
15,025
30,090
29,332
34,976
64,077
68,300
77,046
54,183
30,474
23,291
26,143
15,330
30,365
25,294
62,954
17,217
40,054
51,804
49,625
42,247
40,256
75,522
104,607
144,482
122,458
103,644
95,273
146,409
105,626
153,052
86,511
178,782
22,085
Trade not allocable
54,456
610
2,205
1,839
1,934
2,096
2,313
3,398
5,177
3,682
2,127
1,661
4,203
3,239
5,815
3,326
10,180
646
3,631,653
412
3,196
4,549
6,613
9,171
14,128
28,666
56,271
54,119
48,557
45,556
142,759
139,654
354,899
295,973
2,457,130
797
794
1,769
2,975
2,861
5,205
12,101
10,718
7,459
5,810
13,971
14,213
34,682
24,486
131,423
1,653
Services': Personal services
412,553
40,486
57,031
51,275
48,942
35,812
42,918
36,849
30,138
18,511
9,069
7,339
8,084
3,777
4,867
1,140
2,272
13,048
3,397,642
25,354
85,889
126,356
169,419
164,496
254,078
309,344
366,248
320,761
201,762
201,998
275,358
158,507
295,858
98,492
332,222
990,093
13,682
41,715
60,176
88,693
84,208
114,592
113,148
107,531
79,364
47,057
38,851
46,996
30,908
47,780
18,361
41,224
15,797
460,955 5,878,653
22,331
76,185
123,742
146,186
180,128
452,181
839,295
1,791,589
2,148,450
2,333,044
2,519,^28
5,062,865
4,713,931
9,322,049
7,444,126
43,135,215
228,007 16,773,052
7,524
21,513
33,750
35,054
44,477
98,582
178,827
305,504
312,955
301,353
312,794
549,376
436,896
754,170
533,475
1,879,932
71,360
7,177
12,430
9,696
8,452
9,077
13,385
19,520
22,506
13,133
11,231
8,255
15,018
9,470
14,927
9,963
35,401
7,156
4,332
18,555
23,979
28,790
40,217
78,951
165,955
276,503
241,329
250,373
225,105
517,472
424,573
904,286
853,232
12,709,395
1,256,741
1,817
6,971
10,876
10,027
14,869
31,171
66,241
96, 588
71,225
76,036
55,436
98,620
55,215
109,046
75,273
444,998
21,282
Finance, insurance
real estate
Total services
355,885
42,743
45,313
32,795
27,391
23,847
36,444
35,231
32,977
15,846
10,073
6,333
9,851
5,212
6,561
2,674
6,879
14,705
25,467
63,274
80,887
94,723
107,046
215,076
292,333
408,139
275,574
227,143
172,659
337,095
232,435
397,677
233,035
1,511,949
1,477,029
13,005
33,679
39,725
52,727
59,329
119, 532
168,562
207,770
126,824
97,038
64,792
115,156
60,382
92,381
55,335
134,577
36,213
Services: Business services
197,235
38,634
27,744
20,152
13.949
9,848
15,531
13,622
14,749
7,056
4,695
4,284
4,059
2,545
2,769
1,198
2,132
14,268
1,855,620
20,208
39,889
49,264
48,579
43,758
92,477
113,233
181,761
122,012
104,367
118,396
140,903
112,793
168,166
99,904
399,410
674,523
12,637
22,837
27,549
27,099
26,397
54,538
61,275
89,817
54,674
44,201
39,970
45,575
31,057
39,189
21,387
51,615
24,206
1,636,837 18,547,950 7,302,067
171,793 101,432 57,772
202,822 296,357 157,715
161,970 398,694 202,453
133,259 453,322 242,887
102,506 453,393 237,a3
142,434 847,225 397,075
135,892 1,138,747 479,264
145,850 1,302,503 732,888
91,345 1,593,257 643,979
56,961 1,496,934 629,863
48,265 1,324,787 535,102
53,502 2,008,981 331,447
32,815 1,450,437 569,4X
34,359 2,070,457 744,000
10,724 911,729 293,109
13,016 2,184,595 381,730
82,624 - 166,140
Services: Automobile repair
services and garages
3,520
8,342
8,375
6,683
6,423
11,104
11,835
11,618
8,663
5,351
3,680
4,701
2,553
2,783
1,151
1,092
3,573
2,113
12,054
20,549
23,729
28,890
57,145
97,954
144,044
150,829
119,829
100,469
160,000
112,213
171,310
100,133
173, 399
235,705
1,061
5,518
10,055
9,641
12,434
23,088
27,844
38,290
28,246
22,702
14,680
23,004
10,819
23,546
11,067
15,342
8,258
^Includes data for "Nature of business not allocable," not shown separately (see table 1).
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
SOLE PROPRIETORSHIPS
Table 2 . —BUSINESSES WITH NET PROFIT BY SIZE OF BUSINESS RECEIPTS: NUMBER BUSINESS RECEIPTS, AND NET PROFIT, BY INDUSTRY— BUSINESSES WITH
NET LOSS, ALL INDUSTRIES— ConClnued
Size of business receipts
Business
receipts
(Thousand
dollars)
Net profit
( Thexiaand
doUari)
Business
receipts
(Thoaaand
dollars)
Net profit
(Thouaartd
dollars)
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars}
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
BUSINESSES WITH NET PROFIT— Continued
Total
Under $1,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$30,000 under $40,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or more
Not stated
BUSINESSES WITH NET PROFIT OR .- LOSS ;
Total
Under $1,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$30,000 under $40,000
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 or more
Not stated
Services: Other repair services
Services; Ajnusements
Services: Medical and other
health services
Services: Legal services
148,138
20,623
20,427
17,465
12,578
8,768
15,196
15,594
14,218
4,310
3,310
2,086
2,806
1,908
2,105
556
964
4,724
11,670
29,028
42,569
43,824
39,087
90,117
130,272
173,641
83,479
73,325
56,725
94,392
81,971
126,815
45,912
137,655
341,460
5,503
11,442
18,082
13,809
17,283
36,281
49,318
50,723
20,271
16,696
11,817
19,430
13,110
22,126
8,040
14,511
8,018
56,616
5,430
6,361
6,032
4,097
3,501
5,896
4,743
5,033
2,375
2,042
1,496
1,776
1,117
1,334
949
1,552
2,332
347,227 170,160
3,135
9,280
15,219
14,040
15,676
35,441
39,509
62,299
40,951
45,076
40,667
60,149
49,100
81,988
81,307
253,390
368,186 6,329,336 3,439,115
1,184
4,024
4,430
6,275
5,081
10,516
10,724
15,885
8,554
9,716
10,212
10,237
10,809
13,135
11,561
29,847
7,920
17,176
31,863
22,324
20,733
15,703
19,080
24,198
38,777
32,920
30,656
a, 771
29,350
16,256
14,595
3,804
2,720
25,705
10,902
46,707
57,161
72,932
69,903
113,018
204,873
482,477
573,495
688,793
597,839
1,009,636
719,783
873,455
3a, 026
437,336
Services: Educational services
60,432
12,591
16,304
8,817
5,464
3,370
2,845
1,355
1,026
647
197
323
306
74
162
177
6,774
Services: Engineering and
architectural services
105,197 1,349,284
7,538
33,436
40,761
49,675
44,773
63,174
102,289
249,378
306,505
368,226
329,810
581,756
397,003
438,777
174,274
140,490
61,250
5,666
7,659
5,478
6,202
5,583
13,371
12,097
16,491
9,439
6,990
3,755
3,586
1,813
1,881
498
689
3,999
2,899
10,774
13,780
a, 658
24,944
80,131
100,718
204,038
164,172
154,663
103,364
122,479
79,449
113,368
43,375
109,422
748,002
1,552
6,020
7,541
11,715
15,609
46,355
61,117
115,017
98,644
86,054
61,181
65,709
42,613
58,482
19,356
35,561
14,971
Other services
Net loss, all industries
192,929
7,613
23,186
21,258
18,656
15,133
16,678
11,839
12,024
10,788
4,141
8,988
10,494
3,555
3,543
88,999
4,906
13,947
12,348
12,001
8,413
7,526
4,436
3,900
3,637
906
2,376
1,915
1,229
1,592
2,563
7,304
34,259
3,975
3,866
2,948
1,576
1,557
3,335
2,602
3,024
1,796
1,542
846
1,023
793
1,357
732
773
2,514
2,031
5,750
7,117
5,466
7,056
19,839
21,465
34,793
30,654
34,577
23, 578
34,699
35,680
a, 837
64,700
169,561
1,274
3,417
3,701
3,164
4,445
12,789
12,117
19,389
15,724
14,469
9,380
14,653
12,879
22,151
16,789
34,375
7,412
43,324
3,732
6,114
5,069
3,652
2,305
3,554
3,687
2,492
1,588
843
486
592
243
357
105
129
3,376
273,170
4,997
8,710
12,459
12,801
10,169
a, 928
30,732
29,853
27, 568
19,267
13,333
20,853
10,149
a, 510
9,187
19,654
2,933
5,067
6,775
7,841
7,222
13,383
20,104
19,140
15,708
8,627
6,748
10,616
5,575
10,453
4,329
8,096
9,103
■1,643,484
■ 498,156
269,0X
142,679
108,337
75,504
93,904
, 90,558
79,724
42,971
29,019
, 25,432
' 31,812
. 18,535
' 22,684
13,975
24,634
71,480
223,281
392,376
350,259
377,021
337,861
579,834
760,180
967,020
735,601
643,522
693,500
1,103,431
825,978
1,379,503
1,188,703
6,771,402
2,586,696
340,446
230,480
151,639
123,255
95,595
160,552
163,714
173,917
125,757
91,138
81,028
137,919
74,425
ia,873
88,369
314,855
111,229
SOLE PROPRIETORSHIPS WITH NET PROFIT
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Table 3.— NUMBER, BY SIZE OF NET PROFIT, BY INDUSTRY
Size of net profit
All
industries
Agriculture J
forestry,
and fishery
Mining and
quarrying
Construction
Manufac-
turing
Transporta-
tion, com-
munication,
and other
public
utilities
Trade not
allocable
Finance, in-
surance and
real estate
(1)
(2)
(3)
(5)
(6)
(7)
(8)
(10)
(11)
Total
Under tl,000
$1,000 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$*,000 under $5,000
$5,000 under $6,000
$6,000 under $7,000
$7,000 under $8,000...'
$8,000 under $9,000
$9,000 under $10,000..
$10,000 under $12,000.
$12,000 under $15,000.
$15,000 under $20,000.
$20,000 under $25,000.
$25,000 under $50,000.
$50,000 under $100,000
■$100,000 or more
7,094,181
2,525,471
20,557
557,398
137,698
241,031
1,562,437
223,007
1,279,974
54,455
355,885
2,440,312
1,488,469
949,821
628,876
444,665
245,445
176,492
126,617
96,013
77,497
102,941
103,048
92,028
48,423
63,091
9,086
1,357
1,125,661
624,093
338,749
180,964
108,227
47,852
27,420
16,694
11,547
11,217
10,168
9,096
7,101
2,611
3,530
467
74
5,079
4,393
2,637
1,747
1,065
877
497
350
420
290
389
449
641
250
872
206
395
138,875
127,245
89,927
60,363
46,639
23,297
17, 579
10,280
8,128
5,935
8,396
7,161
6,333
2,812
3,723
615
90
37,428
21,965
17,827
12,397
10,715
6,475
5,730
3,979
2,675
2,333
3,885
3,812
3,793
1,800
2,239
523
122
79,888
57,328
39,959
24,085
14,954
6,832
4,613
3,617
1,852
1,873
1,967
1,173
1,373
502
774
218
415,811
280,963
212,278
171,945
131,277
81,102
62,956
42,046
31,002
23,618
30,787
30,309
22,895
10,703
13,070
1,434
241
47,460
35,344
24,527
21,796
21,396
11,720
11,984
8,578
6,147
6,292
6,606
8,905
7,634
3,648
5,162
691
117
354,946
238,065
179,941
145,425
106,033
66,250
48,648
31,578
23,685
15,958
22,242
19,420
13,713
6,306
7,049
634
81
13,405
7,554
7,810
4,724
3,848
3,132
2,324
1,890
1,170
1,368
1,939
1,984
1,548
749
859
109
43
110,285
56,985
42,453
27,644
27,191
16,107
13,550
11,195
10,065
7,265
9,385
8,582
6,911
3,276
4,039
892
60
Size of net profit
Hotels and
other lodg-
ing places
Personal
services
Business
services
Automobile
repair
services
and
garages
Other
repair
services
Medical
and other
health
services
Legal
services
Educa-
tional
services
Engineering
and archi-
tecture
services
Other
services
Nature of
business
not
allocable
(12)
Total
Dnder $1,000
$1,000 under $2,000
$2,000 under $3,000...
$3,000 under $4,000...
$4,000 under $5,000. . .
$5,000 under $6,000...
$6,000 under $7,000...
$7,000 under $8,000...
$87000 under $9,000...
$9,000 under $10,000..
$10,000 under $12,000.
$12,000 under $15,000.
$15,000 under $20,000.
$20,000 under $25,000.
$25,000 under $50,000.
$50,000 under $100,000
$100,000 or more
503,349
303,404
198,540
145,430
101,614
61,820
42,938
37,479
29,894
24,4m
37,530
42,003
42,579
26,208
34,502
4,714
352
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(a)
(22)
(23)
109,429
412,558
197,235
101,463
148,138
56,616
368,186
105,197
60,432
34,259
43,324
58,903
23,542
9,437
6,461
3,081
1,651
1,802
964
973
589
730
592
364
152
171
16
1
136,613
96,602
65,916
46,570
26,604
12,888
8,357
5,412
3,996
2,292
2,633
1,739
1,519
676
649
84
74,099
34,841
19,629
15,061
11,314
9,956
6,011
4,712
3,217
3,832
4,528
3,571
3,554
1,443
1,264
169
34
23,8X
24,727
18,336
14,004
7,957
3,983
2,668
1,006
1,293
626
1,243
780
778
106
121
61,676
27,176
20,127
13,422
9,238
5,735
3,589
1,636
1,334
1,005
1,012
1,033
611
285
251
24,724
10,968
6,113
4,371
1,766
1,575
1,377
1,230
464
897
937
513
586
557
374
143
21
49,107
-46,449
34,910
29,051
24,328
15,176
10,347
15,375
12,228
9,860
17,900
25,624
27,338
19,115
27,303
3,434
136
16,796
11,605
9,230
9,056
9,858
6,761
5,780
4,413
4,003
3,196
6,529
6,244
5,282
2,831
3,001
514
31,393
15,709
6,762
2,935
1,152
706
162
288
450
35
35
106
141
35
13
9,430
4,493
3,144
2,291
2,701
1,800
1,143
1,426
1,200
1,060
1,066
1,190
1,522
576
936
249
32
16,274
7,292
4,936
2,208
3,115
1,589
1,702
1,012
736
1,089
917
611
884
432
409
93
25
(24)
56,367
23,936
12,093
7,451
4,301
2,933
1,083
1,209
977
430
485
434
463
402
261
342
ACTIVE PARTNKRSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Table 4.— NUMBER, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND NET LOSS, BY INDUSTRIAL GROUP
11
Industrial group
All industrial groups
Agriculture, forestry, and fishery, total
Farms
Agricultural services, hunting, and trapping.
Forestry
Fishery
Mining and quarrying, total
Metal and coal raining: nonraetallic raining and quarrying.
Crude petroleum and natural gas production
Construction, total
General contractors
Special trade contractors
Construction not allocable
Manufacturing, total
Beverages
Food and kindred products
Textile-mill products
Apparel and products made from fabrics
Lumber and wood products, except furniture..
Furniture and fixtures
Printing, publishing, and allied industries.
Chemicals and allied products
Leather and leather products
Aggregate
partner-
ships
Stone , clay, and glass products
Primary metal industries
Fabricated metal products, except machinery and transpor-
tation equipment
Machinery, except transportation equipment and electrical
Electrical machinery and equipment
Transportation equipment
Other manufacturing industries
Transportation, communication and other public utilities,
tota 1
Trucking and warehousing
Other transportation
Communication and other public utilities
Trade total
Wholesale, total
Food.
Farm products (raw materials)
Other wholesalers; commission merchants.
Retail, total
Food
General merchandise
Apparel and accessories
Furniture and housefurnishings
Automotive dealers
Gasoline service stations
Drug stores
Eating and drinking places
Lumber and building materials
Hardware and farm equipment
Liquor stores
Antique stores and secondhand stores....
Book and stationery stores
Sporting goods stores and bicycle shops.
Florists
Jewelry stores
Newsdealers and newsstands
Other reta i 1 trade
Trade not allocable
Finance, insurance, real estate, total
Security and commodity-exchange brokers and dealers
Other finance
Insurance agents, brokers, and services
Real estate
Combinations of real estate, Insurance, loans, law offices..
Services, total
Hotels and other lodging places
Personal services, total
Laundries , cleaners , and dyers
Photographic studios, including commercial photography..
Barber and beauty shops, including schools for operators.
Funeral services and crematories
Other persona 1 services
Business services, total
Advertising
Accounting, auditing, and bookkeeping
Other business services
Automobile repair services and garages
Other repair services
Amusements, total
Motion picture theaters
Other amusements and recreational services.
Medical and other health services, total
Physicians, surgeons, oculists
Dentists and dental surgeons
Other medical and health services
Legal services
Educational services
Engineering and architectural services
Other services
Nature of business not allocable.
970,627
148,910
136,640
9,106
603
2,561
15,383
5,718
9,665
65,945
20,769
43,109
2,067
51,870
902
4,648
659
3,640
10,620
1,268
7,147
1,877
634
2,458
1,851
3,666
4,179
663
341
7,317
16,873
12,083
2,731
2,059
331,074
53,161
11,043
3,604
38,514
266,006
49,339
13,743
19,620
17,283
19,056
29,851
9,645
49,797
6,193
14,002
4,963
1,688
1,547
1,561
3,318
3,746
490
20,164
11,907
170,180
5,352
15,254
13,667
133,276
2,631
155,230
15,695
34,L29
10,448
2,057
12,842
4,408
4,374
22,003
1,379
7,502
13,122
15,900
11,048
16,189
2,567
13,622
14,606
7,220
1,513
5,873
16,416
1,260
5,843
2,141
15,162
Business
receipts
(Thousand
dollars)
C2)
83,429,698
4,323,272
3,426,979
796,893
8,859
90,541
1,337,111
624,207
712,904
7,535,301
4,417,784
3,022,211
95,306
8,236,637
209,006
1,535,247
308,227
965,648
959,831
226,403
704,822
272,155
77,495
511,418
281,026
628,103
466,430
101,265
109,206
830,350
1,057,162
724,330
250,778
82,054
47,048,420
17,245,681
4,405,171
2,603,632
10,236,378
27,853,899
6,514,935
1,366,645
1,609,780
1,718,829
5,052,518
2,163,374
1,220,001
2,445,392
1,032,553
1,710,363
493,216
62,342
140,661
116,123
144,139
328,466
37,821
1,691,641
1,948,840
5,253,289
1,285,084
256,421
662,139
2,968,582
81,063
8,291,883
630,258
1,074,060
521,166
73,825
159,738
249,738
69,593
1,367,188
169,588
613,573
584,022
647,730
373,447
650,618
167,979
432,639
1,259,193
640,503
92,737
525,953
1,354,424
39,151
782,554
113,210
346,623
Gross
profit
f Thousond
dollars)
(3)
29,645,507
3,005,854
2,663,578
254,385
4,138
78,752
714,125
335,210
373,915
2,149,200
952,958
1,165,553
30,639
2,573,025
91,803
309,206
59,061
223,707
300,673
66,289
376^729
97,335
19,570
131,625
99,249
221,604
191,661
28,325
27,495
278,144
802,940
573,250
165,635
64,055
9,929,262
2,708,521
592 ,972
192,119
1,923,430
6,795,127
1,167,068
342,393
523,130
553,622
726,437
472,854
386, 167
1,136,503
251,124
358,180
105,418
25,012
48,320
32,654
68,847
128,312
11,768
456,318
425,614
3,650,345
737,155
192,980
568,821
2,070,345
81,045
6,632,621
503,366
732,427
376,033
42,358
143,584
166,989
53,463
1,081,099
85,292
505,554
389,253
322,612
207,998
473,480
143,491
329,939
1,186,341
631,520
73,081
476,740
1,323,813
37,602
609,747
104,136
188,133
Partnerships with net profit
Number
of
partner-
ships
(4)
779,335
115,229
105,558
7,283
504
1,384
9,395
3,532
5,363
58,273
16,980
39,540
1,753
40,470
679
3,665
595
2,971
7,133
1,139
6,151
1,391
530
1,658
1,551
3,144
3,791
544
5,258
13,804
9,793
2,145
1,866
270,139
44,450
9,436
2,548
32,466
216,789
42,729
11,176
14,939
13,579
13,779
24,463
9,035
40,228
5,237
11,107
4,554
1,204
1,332
1,367
2,545
3,290
393
15,681
8,900
131,063
3,418
10,395
12,753
101,559
2,438
130,052
10,384
30, 145
8,707
1,573
11,634
4,290
3,391
18,705
1,085
7,019
10,601
13,961
9,837
9,176
901
8,275
13,787
7,026
1,513
5,248
15,739
1,066
5,061
2,141
10,910
Business
receipts
(Thousar,d
dollars)
(5)
71,418,834
3,568,406
2,895,232
602,343
6,303
64,528
1,010,510
492,548
517,952
6,558,026
3,513,104
2,366,317
78,605
7,159,382
167,712
1,344,102
263,405
881,137
618,955
209,064
657,045
254,145
65,683
480,436
259,479
571,753
424,660
92,723
(M
786,187
944,845
645,141
228,097
70,507
39,654,007
14,429,962
3,750,923
1,839,595
3,839,439
23,627,455
5,835,368
1,189,931
1,327,288
1,500,063
3,416,022
1,904,942
1,195,703
2,146,555
932,141
1,435,835
475,398
44,051
135,075
114,949
126,486
293,276
33,117
1,471,249
1,595,590
4,505,801
1,147,617
238,455
629,580
2,410,340
79,709
7,730,282
498,302
1,027,323
493,103
68,959
151,842
248,051
65,868
1,325,059
161,138
6L2,656
551,255
551,854
357,784
502,045
115,497
386,548
1,217,840
636,444
92,737
488,659
1,343,537
37,436
754,832
113,210
237,525
Gross
profit
(Thousand
dollars)
(5)
26,628,690
2,544,111
2,272,386
210,793
2,707
57,720
575,854
261,193
314,661
2,002,562
866,110
1,108,817
27,635
2,351,491
77,100
278,176
54,671
203,613
233,829
62,978
356,932
95,280
17,489
175,467
96,495
212,681
181,692
26,900
253,005
717,354
518,319
146,427
52,608
8,810,936
2,452,354
539,176
149,653
1,753,535
5,985,115
1,071,525
310,270
443,243
484,883
525,929
415,949
379,917
1,015,003
222,521
316,657
103,681
13,001
46,846
32,390
61,524
113,080
11,348
411,347
373,507
3,211,120
688,586
173,206
549,119
1,715,518
79,691
6,245,993
398,160
748,057
354,237
39,317
138,243
155,863
50,397
1,058,494
82,899
605,642
369,953
282,293
202,095
359,101
104,773
254,328
1,153,592
527,677
78,081
447,834
1,313,099
35,946
591,020
104,136
169,2191
Net
profit
(Thousand
dollars)
(7)
9,043,197
770,869
680,958
80,589
927
8,285
149,474
54,397
95,077
798,053
322,221
459,599
16,233
713,943
13,833
71,572
15,829
57,641
59,195
16,073
96,750
26,739
6,446
42,024
36,949
80,946
71,466
10,558
(M
101,149
149,899
98,771
32,201
18,927
738,095
139,171
47,715
551,209
1,755,940
317,138
95,399
130,414
130,004
124,357
142,193
134,395
256,545
67,579
99,907
40,259
9,347
14,144
9,627
14,406
31,721
3,478
135,967
103,940
1,200,725
133,198
94,173
217,516
657,339
38,499
2,575,401
58,164
225,728
71,272
11,794
60,257
62,246
20,159
350,451
22,333
202,564
125,554
104,832
79,803
79,700
14,317
55,383
630,486
382,590
39,165
208,731
777,348
16,762
198,654
43,473
80,858
Partnerships with net loss
partner-
ships
(8)
191,292
33,681
31,082
1,823
(M
677
5,988
2,186
3,802
7,672
3,739
3,569
314
11,400
983
(1)
669
3,487
995
486
(M
800
300
522
338
(M
(')
2,059
3,069
2,290
586
(M
50,935
8,711
1,607
1,056
6,048
49,217
6,610
2,567
4,681
3,604
5,277
5,388
609
9,559
906
2,395
409
484
(>)
(')
773
455
(')
4,483
3,007
39,117
1,934
4,359
914
31,717
CM
25,178
5,311
3,984
1,741
484
1,158
(')
483
3,298
(')
483
2,521
1,939
1,151
7,013
1,566
5,347
819
(M
625
677
(')
782
Business
receipts
(Thousand
dollars)
(9)
754,866
531,747
194,550
(»)
26,013
326,601
131,659
194,942
977,275
804,680
155,894
16,701
1,077,255
(M
191,145
(M
84,511
340,875
{')
47,776
18,010
(1)
30,982
21,547
56,355
41,770
(M
(M
94,163
112,317
78,189
22,681
(M
7,394,413
2,815,719
654,243
764,037
1,397,439
4,225,444
529,617
175,714
282,492
218,761
1,636,496
253,432
24,298
298,836
100,412
274,528
17,818
18,291
(M
(M
17,703
35,190
(M
220,392
352,250
747,488
137,467
17,966
32,459
553,242
(M
551,601
131,456
46,237
28,063
4,866
7,896
(M
3,725
42,129
(')
9L2
32,767
95,915
15,663
148,573
52,482
96,091
41,353
(')
37,294
10,837
(')
27,722
Gross
profit
( Thousand
dollars)
(10)
3,015,817
461,743
395,692
43,588
CM
21,032
138,271
74,017
64,254
146,638
36,848
55,736
3,054
221,535
CM
31,030
CM
15,094
66,344
CM
19,797
2,605
(>)
6,158
2,753
8,923
9,969
(M
CM
25,139
85,586
54,931
19,208
CM
1,118,275
- 255,157
53,796
42,466
159,395
810,012
95,542
32,123
79,887
68,739
200,508
56,905
6,250
120, 500
28,603
41,523
1,737
7,011
(M
(M
7,323
15,732
CM
44,971
52,107
439,226
48,559
14,774
19,702
354,827
(M
386,628
105,206
34,370
21,796
3,041
5,341
CM
3,066
22,605
CM
912
19,300
40,319
5,903
114,379
38,718
75,661
32,749
CM
28,906
10,714
CM
18,727
(Thauaand
dollars)
Cil)
945,841
176,638
160,141
13,694
CM
2,695
94,760
31,662
53,098
11,, rm
53,645
10,991
4,441
71,372
CM
4,959
CM
3,862
28,095
CM
3,589
1,837
CM
2,191
1,118
8,600
5,802
CM
CM
6,384
12,373
7,302
3,565
CM
265, 100
86,069
11,485
22,695
51,389
160,707
14,528
14,428
15,739
13,155
31,527
9,194
1,108
19,552
5,736
13,186
493
3,400
CM
CM
1,273
3,281
CM
13,739
19,324
135,054
10,128
7,913
585
115,459
CM
108,087
28,8CB
5,930
4,520
395
428
CM
150
8,034
CM
758
6,884
11,079
1,095
44,608
7,162
37,446
4,434
CM
3,184
750
CM
2,819
5,880
^Included in total but not shown separately because of large sampling variability.
12
ACTIVKPARTNKRSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Table 5 . —PARTNERSHIPS WITH NET PROFIT BY SIZE OF BUSINESS RECEIPTS: NUMBER, BUSINESS RECEIPTS, GROSS PROFIT,
PARTNERSHIPS WITH NET LOSS, ALL INDUSTRIES
AND NET PROFIT, BY INDUSTRY—
Size of business receipts
Business
receipts
(Thousand
Gross
profit
f Thousand
dollars]
Net
profit
(Thousand
dollars)
Business
receipts
( Thousand
dollars)
Qross
profit
(Thousand
dollars)
Net
profit
(Thousand
dollars)
Business
receipts
f Thousand
dollars)
Gross
profit
(Thousand
dollars)
Net
profit
(Thousand
dollars)
FAHTNERSHIPS WITH NET PROFIT
Total.
Under $20,000
$20,000 under $50,CXX)
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
Total.
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
Total.
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
Total.
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
45,000,000 or more
Not stated
Total.
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
Total.
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...!
$1,000,000 under $5,000,000..
$5,000,000 or more
Not stated
Total .
Under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
All industries^
Agriculture, forestry, and fishery
Mining and quarrying
779,335
311,507
180,800
202,597
52,378
14,970
6,969
i36
9,678
71,418,884
2,563,056
5,952,653
19,355,340
15,995,702
10,227,459
12,715,098
4,209,576
26,628,690
2,045,560
3,679,487
8,927,450
5,355,585
2.751,997
2,839,971
1,026,266
2,374
9,043,197
929,961
1,502,548
3,274,136
1,595,400
733,089
732,123
222,067
53,873
115,229
71,055
23,958
12,422
1,990
460
3,568,406
571,372
756,388
1,106,463
551,806
319,935
200,258
61,634
2,544,111
539,627
657,668
344,734
332,661
88, 174
77,332
3,765
150
770,869
211,785
203,324
237,457
58,029
20,437
8,873
1,130
24,334
9,395
4,920
369
2,166
759
491
87
1,010,510
35,659
30,109
213,909
215,025
307,939
152,944
54,925
575,854
29,675
22,176
128,068
146,536
155,955
79,911
13,533
149,474
9,936
7,522
38,231
34,072
34,482
22,116
2,666
449
Construction
Manufacturing
58,273
18,725
16,332
16,482
4,371
1,431
787
48
6,558,026
139,826
526,394
1,554,425
1,312,720
953,363
1,570,693
450,105
2,002,562
124,583
272,649
616,328
379,238
221,154
274,243
113,867
798,053
69,067
134,550
241,729
140,252
83,335
101,992
27,272
56
40,470
9,847
9,265
13,101
5,281
1,782
1,129
65
7,159,382
94,846
299,532
1,320,798
1,631,984
1,241,355
2,034,429
486,438
63,910
166,271
601,073
602,441
332,125
505,544
80, 127
Transportation, communication, and other
public utilities
718,943
29,199
62,251
205,486
175,553
101,109
124,857
20,483
13,804
5,404
3,861
3,571
561
152
58
944,845
56,905
121,333
340,282
176,054
102,763
108,520
38,488
717,354
50,166
110,497
306,536
121,633
61,536
62,300
4,036
149,899
19,370
32,087
61,901
15,064
9,572
10,101
1,508
296
Total trade
Trade: Retail
270,139
45,341
66,341
112,205
32,703
8,875
3,951
239
434
39,654,007
475,322
2,290,392
11,420,671
9,957,664
6,113,478
7,050,036
2,345,444
8,810,986
210,189
336,488
3,262,392
2,207,734
1,106,778
1,014,603
172,302
2,598,975
91,281
328,863
1,085,592
598,004
250,815
203,103
35,749
5,563
44,450
8,320
6,563
13,082
9,352
4,312
2,531
193
14,429,962
78,264
225,529
1,433,166
2,971,806
3,085,032
4,699,776
1,931,389
46,135
141,623
492,844
604,477
495,303
552,386
119,096
738,095
24,383
58,649
132,297
181,711
129,039
129,912
28,548
3,556
216,789
34,799
58,233
96,226
21,702
4,151
1,255
37
386
23,627,455
379,939
2,013,299
9,602,420
6,462,661
2,749,879
2,068,257
351,000
5,935,115
155,966
673,670
2,674,653
1,479,385
544,894
409,333
47,214
61,999
260,034
874,249
382,030
106,393
63,860
6,408
1,917
Trade not allocable
Finance, insurance, and real estate
Total services
3,900
2,222
1,545
2,897
1,649
412
165
9
17,619
52,064
330,085
523,197
278,567
282,003
63,055
21,195
94,895
123,872
66,081
52,884
6,492
103,940
4,899
10,135
29,046
34,213
15,333
9,331
793
90
131,063
93,273
21,571
10, 332
1,698
733
456
560,633
667,295
925,062
536,311
498,625
863,373
449,447
3,211,120
547,324
601,059
764,082
349,338
273,032
302,490
371,571
2,224
264,255
296,049
275,110
124,122
76,383
33,007
67,394
14,405
130,052
56,330
36,094
31,013
4,923
1,037
375
32
193
7,730,282
533,071
1,175,512
2,856,031
1,487,137
633,052
672,234
323,095
6,245,993
447,947
963,571
2,329,734
1,209,253
511,316
517,607
266, 565
2,575,401
216,256
409,115
1,100,365
445,792
156,281
176,427
65,860
5,305
Services: Hotels and other lodging places
Services: Personal services
Services: Business services
10,384
4,923
3,382
1,641
291
132
13
2
498,802
45,030
105,771
131,397
103,783
76, 321
21,463
15,037
398, 160
40,458
95,368
103,537
62,515
70,766
14,212
11,304
63,164
11,894
18,429
20, 148
11,015
3,728
2,110
340
30, 145
17,535
8,032
3,862
622
67
1,027,823
167,658
252,375
355,410
165,765
43,467
43,148
748,057
145,986
197,607
233,288
121,958
25,037
24,181
225,728
71,607
57,133
67,529
20,633
4,362
4,409
13,705
7,744
4,390
5,235
607
146
71
12
58,019
170,292
506,753
190,170
101,286
125,940
172,599
1,058,494
54,227
154,209
416,127
143,378
63,957
73,863
152,733
350,451
26,610
65,964
133,561
44,759
21,593
20,436
37, 523
Services: Automobile repair
services and garages
Services: Other repair services
Services: Amusements
13,961
6,177
4,924
2,607
228
22
551,864
66,200
161,535
225,934
77,970
15,913
4,312
282,293
43,968
83,838
92,457
50,833
10,017
1,125
104,832
20,734
38,825
35,940
8,048
1,107
178
9,837
5,213
2,300
1,642
214
15
357,784
55,694
32,6ai
125,912
77,059
9,751
6,764
202,095
35,304
52,289
63,349
44,919
2,677
3,057
79,803
19,798
27,669
25,845
5,099
1,153
239
9,176
5,812
1,737
1,158
215
224
27
502,045
49,056
49,346
118,593
63,071
142,842
46,922
27,215
359,101
39,744
37,086
86,968
55,753
75,143
41,581
22,826
79,700
16,255
7,401
27,468
11,661
7,343
7,359
2,213
Services: Medical and other health services
Services: Legal services
Services: Educational services
13,787
2,799
3,373
6,373
1,088
110
36
3
PARTNERSHIPS WITH NET PROFIT OB i LOSS ;
Total '....'....
30,042
123,395
614,708
295,919
73,433
55,396
24,447
27,707
117,929
593,406
267,407
63,801
50,867
22,475
630,486
14,200
64,296
357,632
141,405
29,856
18,243
4,854
15,739
3,663
4,327
5,695
1,063
136
102
5
193
37,250
157,304
484,111
324,123
126,443
183,334
31,022
1,313,099
36,923
156,544
480,600
313,892
122,239
175,453
27,448
777,348
22,237
96,054
313,493
158,303
69 , 512
96,874
15,070
5,305
1,066
482
290
290
1,795
7,081
24,539
2,754
1,267
1,749
6,612
23,303
2,754
1,028
621
1,255
14,264
392
230
Services: Engineering and
architectural services
Other services
Net loss, all industries
Under $20,000
$20,000 tinder $50,000
$50,000 Ul^er $200,000
$200,000 under $500,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Not stated
5,061
869
1,351
2,124
493
125
92
754,832
7,487
48,690
219,877
156,462
86,303
183,238
52,775
591,020
7,452
46,793
182,352
125,427
66,977
132,240
29,779
198,654
4,206
23,625
85,823
36,879
16,417
26,349
5,355
2,141
1,153
483
336
107
113,210
14,340
17,119
48,847
27,865
4,539
104,136
13,929
15,246
43,847
23,166
2,948
43,473
8,094
8,409
18,662
7,490
818
191,292
104,997
25,673
25,353
7,646
2,525
1,358
122
12,010,814
608,953
823,596
2,458,439
2,372,049
1,775,673
2,733,688
1,238.416
3,016,817
356,832
397,874
877,564
586,580
317,916
405,390
80,160
945,422
223,545
133,391
212,705
128,009
62,533
91,283
26,232
^Includes data for "Nature of business not allocable" not shown separately (see table 4).
^Loae.
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
13
ACTIVK PARTNERSHIPS WITH NET PROFIT
Table 6.— NUMBER. BY SIZE OF NET PROFIT, BY INDUSTRY
Size of net profit
All
industries
Agriculture,
forestry,
and fishery
Mining and
quarrying
Construction
Manufac-
turing
Transporta-
tion, com-
munication,
and other
public
utilities
Trade not
allocable
Finance, in-
surance and
real estate
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(9)
(11)
Total
Under $5,000
$5,000 under $20,000...
$20,000 under $50,000..
$50,000 under $200,000.
$200,000 under $500,000
$500,000 or more
779,335
115,229
9,395
58,273
40,470
13,804
44,450
216,789
8,900
131,063
375,997
301,695
75,395
24,301
1,548
399
71,104
36,851
6,439
812
23
5,117
2,754
741
693
76
14
20,623
29,043
6,173
2,289
98
47
13,960
16,633
7,008
2,659
190
20
5,960
6,137
1,451
231
19
120,
120;
25;
13,963
19,250
9,022
2,114
102,764
97,236
14,927
1,318
41
3
3,662
3,779
1,205
250
83,203
36,192
8,639
2,617
323
89
Size of net profit
Hotels and
other lodg-
ing places
Personal
services
Business
services
Automobile
repair
services
and
garages
Other
repair
services
Medical
and other
health
services
Legal
service
Educa-
tional
services
Engineering
and archi-
tectural
services
Other
services
Nature of
business
not
allocable
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(24)
Total
Under $5,000
$5,000 under $20,000. . .
$20,000 under $50,000..
$50,000 under $200,000.
$200,000 under $500,000
$500,000 or more
130,052
10,364
30,145
18,705
13,961
9,887
9,176
13,787
15,739
1,066
5,061
2,141
10,910
48,692
50,663
19,208
10,601
684
204
4,050
252
36
14,031
14,507
1A32
464
10
i
6,706
7,167
3,990
734
85
5,988
7,264
679
29
4,152
5,332
392
10
6,296
1,933
647
282
13
5
2,029
3,405
3,660
4,473
196
24
1,738
4,540
5,839
3,178
314
130
194
98
795
1,189
2,015
985
57
20
291
1,179
408
262
6,949
3,157
582
217
14 U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
ACTIVE CORPORATIONS
Table 7.— NUMBER OF RETURNS, BUSINESS RECEIPTS, GROSS PROFIT, NET INCOME, AND DEFICIT, BY INDUSTRIAL GROUP
Industrial group
Aggregate
Number
of
returns
Business
receipts
(Thousand
dollars)
Gross
profit
f Thousand
Hollars)
Corporations with net income
Number
of
returns
Business
receipts
(Thousand
dollars)
Gross
profit
(Thousand
Net income
(Thousand
dollars)
Corporations without net income
Number
of
returns
Business
receipts
( Thousand
dollars)
Gross
profit
(Thousand
dollars)
( Thousand
dollars)
CD
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
ClO)
Cii)
All industrial groups
Agriculture, forestry, and fishery, total
Farms and agricultural services
Forestry
Fishery
Mining and quarrying, total
Metal mining
Anthracite mining
Bituminous coal and lignite mining
Crude petroleum and natural gas production
Nonmetallic mining ani quarrying
Construction
Manufacturing, total
Beverages
Food and kindred products
Tobacco manufactures
Textile-mill products
Apparel and products made from fabrics
Lumber and wood products, except furniture
Furniture and fixtures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Petroleum and coal products
Rubber products
Leather and products
Stone, clay, and glass products
Primary meta 1 industries
Fabricated metal products, except ordnance, machin-
ery, and transportation equipment
Machinery, except transportation equipment and
electrical
Electrical machinery and equipment
Transportation equipment, except motor vehicles....
Ifotor vehicles and equipment, except electrical
Ordnance and accessories
Scientific instruments; photographic equipment;
watches , clocks
Other manufacturing
Public utilities, total
Transportation
Communication
Electric and gas utilities
Other public utilities
Trade, total
Wholesale, total
Commission merchants
Other wholesalers
Retail, total
Food
General merchandise
Apparel and accessories
Furniture and housefurnishings
Automotive dealers and filling stations
Drug stores
Eating and drinking places
Building materials and hardware
Other retail trade
Trade not allocable
Finance, Insurance, real estate, and lessors of real
property, total '
Finance, total
Banks and trust companies
Credit agencies other than banks
Holding and other investment companies
Security and commodity-exchange brokers and
dealers
Insurance carriers and agents, total
Insurance carriera
Insurance agenta and brokers
Real estate, except leasors of real property other
than buildings
Lessors of real property, except buildings
Services, total
Hotels and other lodging places
Personal services
Business services
Automotive repair aervicea and garages
Miscellaneous repair services, hand trades
Motion pictures
Amuaement, except motion plcturea
Other aervicea, including achoola
Nature of buslneas not allocable
940,147
11,833
10,787
245
801
12,675
1,503
222
1,750
6,191
3,009
53,576
138,566
2,948
11,761
173
5,293
13,114
6,835
5,671
3,353
16,368
8,023
776
859
2,617
5,145
3,581
14,097
14,586
5,032
1,701
1,531
134
2,583
12,385
37,763
28,136
5,688
1,084
2,855
305,117
103,474
21,632
81,842
178,493
13,624
9,463
22,587
16,209
31,219
7,990
25,575
19,821
32,005
23,150
276,935
65,033
14,895
38,497
9,405
2,236
17,396
3,623
13,773
137,471
7,035
90,597
9,906
15,754
23,476
9,094
5,276
7,271
9,521
10,299
13,085
684,883,382
2,858,156
2,757,668
29,933
70,555
11,107,662
2,164,354
368,692
2,533,292
4,535,124
1,506,200
26,675,079
327,539,023
7,028,706
40,426,513
4,198,088
12,947,194
9,223,524
5,645,569
4,362,253
10,825,624
11,075,301
23,672,015
35,949,823
5,595,143
3,483,263
8,245,601
27,494,906
17,136,776
27,294,040
18,507,246
16,009,054
25,081,918
478,867
5,270,345
7,587,254
54,443,332
27,X3,267
11,932,992
14,821,441
345,632
229,076,399
114,234,568
8,947,138
105,287,430
105,010,490
27,347,592
20,387,341
6,882,325
4,231,369
25,495,808
2,469,782
4,044,133
6,167,092
7,985,048
9,831,341
15,668,244
3,518,264
1,291,165
1,896,269
111,095
9,070,630
7,991,552
1,079,078
3,039,891
39,459
17,329,319
2,083,035
2,437,381
5,381,524
1,089,148
867,582
2,337,848
1,238,259
1,894,542
186,168
184,911,306
901,514
872,101
5,359
24,054
4,353,650
936,400
71,288
626,070
2,105,106
614,786
4,264,627
91,429,350
3,028,116
7,959,581
1,863,646
2,495,481
1,918,695
1,235,318
1,152,166
3,268,800
3,739,440
9,118,101
9,697,211
1,618,910
714,061
2,911,871
8,025,535
4,576,919
8,735,895
5,524,172
2,838,224
6,683,254
136,902
1,959,345
2,227,707
21,033,136
8,249,770
5,026,605
7,562,618
194,143
44,886,809
16,345,286
1,578,501
14,766,785
26,427,142
5,496,725
7,106,200
2,471,114
1,439,705
3,462,302
788,269
1,941,506
1,406,057
2,315,264
2,114,381
9,903,615
3,396,642
1,288,582
1,835,074
94,263
178,723
4,435,873
3,545,573
890,300
2,044,089
27,011
8,058,959
1,222,662
1,187,357
2,374,425
572,889
299,814
820,424
674,678
906,710
79,646
6,369
5,950
111
308
5,785
280
106
816
2,907
1,676
31,961
87,575
1,939
7,375
105
3,444
7,943
3,764
3,345
2,310
10,936
5,166
451
572
1,729
3,388
2,381
9,319
9,079
3,158
1,117
1,022
101
1,617
7,314
22,989
17,111
3,564
838
1,476
139,164
70,687
13,668
57,019
104,418
7,847
6,305
13,783
9,362
17,260
5,829
11,439
12,738
19,855
14,059
177,400
43,723
13,872
22,321
6,436
1,094
12,586
2,912
9,674
116,497
4,594
48,872
5,000
9,001
13,649
5,134
3,128
3,113
4,360
5,487
2,821
595,601,667
2,269,568
2,200,705
28,833
40,030
8,899,353
1,590,406
241,993
2,200,791
3,557,887
1,308,276
22,543,436
295,555,650
6,052,426
34,237,691
4,168,829
10,938,512
7,439,835
4,201,158
3,649,083
9,897,751
9,867,138
22,633,538
30,733,736
5,447,633
3,059,535
7,745,859
26,605,266
15,422,881
24,744,140
17,464,175
15,723,808
23,880,598
345,755
4,951,687
6,344,616
47,044,395
20,565,301
11,747,793
14,412,481
318,820
195,078,331
99,532,721
7,384,706
92,148,015
87,045,244
25,413,270
19,367,487
5,482,172
3,109,520
17,435,580
2,173,717
2,771,460
4,981,685
6,310,353
8,500,366
10,344,024
3,215,606
1,268,021
1,660,253
104,191
183,141
4,846,944
3,962,099
884,845
2,249,521
31,953
13,769,655
1,489,956
1,965,236
4,648,539
788,309
678,950
1,625,176
982,029
1,591,460
97,255
164,938,376
777,899
758,948
5,103
13,848
3,673,669
743,684
53,826
579,381
1,739,077
557,701
3,733,678
85,175,236
2,667,593
7,173,629
1,859,343
2,234,700
1,582,915
1,042,422
1,008,872
3,073,494
3,380,100
8,861,121
8,399,130
1,586,959
652,327
2,803,965
7,884,318
4,204,793
8,189,150
5,322,566
2,793,701
6,491,108
116,870
1,886,981
1,959,179
19,069,052
6,562,853
4,944,358
7,380,896
180,945
38,797,674
14,518,801
1,339,840
13,173,961
22,438,476
5,098,286
6,808,608
1,974,932
1,080,504
2,487,458
701,830
1,327,113
1,141,973
1,817,772
1,840,397
7,238,022
3,100,396
1,265,455
1,601,367
88,102
2,565,733
1,826,724
739,009
1,550,097
21,796
6,423,692
878,901
958,391
2,049,799
410,492
225,691
589,829
535,077
775,012
49,454
136,292
131,445
2,501
2,346
1,236,520
355,663
32,566
114,188
671,439
112,664
959,340
24,037,939
406,970
1,473,286
425,864
573,381
231,907
277,915
243,109
1,047,066
879,010
2,977,550
1,657,694
408,383
147,264
913,039
2,563,368
1,184,007
2,482,622
1,485,571
986,526
2,707,629
35,674
511,937
405,167
6,046,503
1,534,779
2,007,452
2,435,576
68,701
5,665,343
2,593,467
289,400
2,304,067
2,311,824
591,121
1,115,624
186, 375
102,164
260,773
79,568
109,657
153,796
212,741
260,052
9,373,404
4,221,857
2,114,290
791,662
1,250,632
65,273
3,889,283
3,782,004
107,279
1,163,901
103,363
1,034,603
121,256
116,423
333,912
53,103
33,512
135,074
113,469
117,859
13,543
5,464
4,337
134
493
6,890
1,223
116
934
3,234
1,333
21,615
50,991
1,009
4,386
63
1,349
5,171
3,071
2,326
1,043
5,432
2,857
325
287
888
1,757
1,200
5,507
1,874
584
509
33
966
5,071
14,774
11,025
2,124
246
1,379
115,953
32,787
7,964
24,823
74,075
5,777
3,153
3,804
6,847
13,959
2,161
14,136
7,083
12,150
9,091
99,535
21,310
1,023
16,176
2,969
1,142
4,310
711
4,099
70,974
2,441
41,725
4,906
6,753
9,827
3,960
2,148
4,158
5,161
4,812
10,264
588,588
556,963
1,100
30,525
2,208,309
573,948
126,699
332,501
977,237
197,924
4,131,643
31,983,373
976,280
6,188,822
29,259
2,003,682
1,733,689
1,444,411
713,170
927,873
1,208,163
1,038,477
5,216,087
147,510
423,728
499,742
889,640
2,549,900
1,043,071
285,246
1,201,320
133,112
318,658
1,242,638
7,398,937
6,777,966
135,199
403,960
26,812
33,993,068
14,701,847
1,562,432
13,139,415
17,965,246
1,934,322
1,019,354
1,400,153
1,121,349
3,060,228
296,065
1,272,673
1,135,407
1,674,695
1,330,975
5,324,220
302,653
23,144
236,016
6,904
36,594
4,223,686
4,029,453
194,233
790,370
7,506
3,559,664
593,079
472,145
732,985
300,839
133,632
712,672
256,230
303,032
88,913
19,972,930
123,615
113,153
256
10,206
679,931
192,716
17,462
46,689
366,029
57,035
530,949
6,254,114
360,523
785,952
4,303
260,781
335,780
192,896
143,294
195,306
359,340
256,980
1,298,081
31,951
61,734
107,906
141,217
372,126
546,745
201,606
44,523
192,146
20,032
72,364
268,528
1,964,084
1,686,917
32,247
131,722
13,193
6,039,135
1,826,435
238,661
1,537,824
3,988,666
398,439
297,592
496,182
359,201
974,844
36,439
614,393
264,084
497,492
273,984
2,665,593
296,246
23,L27
233,207
6,161
33,751
1,370,140
1,718,349
151,291
493,992
5,215
1,635,267
343,761
228,466
324,626
162,397
74,123
230,595
139,601
131,698
30,192
4,187,533
71,597
67,303
266
3,523
338,185
139,211
10,017
25,386
142,990
20,531
220,215
1,299,891
23,417
105,500
1,086
109,045
65,880
83,140
35,401
39,544
54,670
70,046
59,345
9,607
16,372
39,596
57,939
97,545
145,802
65,859
22,320
68,276
8,862
35,286
79,853
289,186
234,333
38,804
12,390
3,659
954,444
369,854
46,947
322,907
524,747
40,200
44,019
59,405
43,328
140,414
6,835
53,593
48,582
77,866
59,843
701,315
125,399
17,254
73,615
16,204
13,826
199,963
184,027
15,936
353,453
22,000
295,553
52,272
22,5?9
51,550
25,297
11,313
71,341
28,173
3»,523
17,152
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
15
ACTIVK CORPOR \TIONS
Table 8 . —CORPORATION RETURNS BY SIZE OF TOTAL ASSETS: NUMBER, BUSINESS RECEIPTS, GROSS PROFIT, NET INCOME, AND DEFICIT, BY INDUSTRY
Size of total assets
RETURNS WITH NET INCOME
Total
Dnder $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under $10,000,000...
$10,000,000 under $25,000,000..
$25,000,000 under $50,000,000..
$50,000,000 under $100,000,000.
$100,000,000 under $250,000,000
$250,000,000 or more
Not stated
Total
Under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under $10,000,000...
$10,000,000 under $25,000,000..
$25,000,000 under $50,000,000..
$50,000,000 under $100,000,000.
$100,000,000 under $250,000,000
$250,000,000 or more
Not stated
Total
Under $25,000
$25,000 under $50,000
$50,000 under $100,000
/ $100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under $10,000,000...
$10,000,000 under $25,000,000..
$25,000,000 under $50,000,000..
$50,000,000 under $100,000,000.
$100,000,000 under $250,000,000
$250,000,000 or more
Not stated
Business
receipts
(Thotjsand
dollars)
Gross
profit
(Thouaand
dollars)
( Thousand
dollars)
All industries^
572,936 595,601,667 16^,938,376 i8,66i,002
91,477
80,122
104,965
130,540
63,324
33,941
22,888
10,191
6,187
3,823
1,433
768
573
433
22,271
4,251,680
6,973,053
16,196,026
41,725,151
42,495,162
41,723,754
50,450,245
34,117,132
32,590,456
41,864,876
29,002,529
36,664,488
52,579,087
161,332,882
3,635,146
1,626,130
2,279,896
4,722,169
10,369,627
9,702,569
9,226,821
11,370,647
7,945,121
8,370,161
11,864,066
8,456,561
9,885,769
15,057,029
53,077,516
984,294
193,994
302,781
699,807
1,647,384
1,625,541
1,734,568
2,591,949
2,129,397
2,282,397
3,670,115
2,539,052
3,220,273
5,006,755
20,693,844
326,145
Construction
31,961
6,123
4,954
6,072
6,889
3,417
1,787
1,092
303
122
49
18
6
2
22,543,436
449,997
716,045
1,429,585
3,256,198
3,234,633
2,944,622
3,387,925
1,731,336
1,824,957
1,222,528
1,341,400
395,800
434,844
123,044
177,584
328,367
652,601
559,209
454,184
477,296
217,520
206,877
151,365
181,460
69,146
98,348
959,840
12,943
25,600
49,965
115,893
112,174
107,580
154,772
81,371
71,590
66,525
87,273
35,395
32,346
6,413
189,164
28,479
28,370
38,639
48,884
21,954
10,058
5,072
1,424
605
315
89
39
31
15
5,190
195,078,331
1,874,257
3,884,055
9,529,286
25,565,400
24,620,787
22,007,803
22,544,924
13,410,218
11,531,679
12,431,587
7,019,416
10,110,604
10,218,715
18,888,610
1,440,990
38,797,674
572,075
1,064,846
2,325,470
5,274,687
4,591,946
3,879,144
3,935,047
2,372,441
2,116,502
2,511,964
1,462,947
1,329,533
2,260,769
4,773,277
277,006
48,237
101,985
250,817
594,705
531,549
493,713
586,913
394,667
353,564
445,883
286,862
258,508
387,751
889,539
40,650
Business
receipts
(Thousand
dollars)
Gross
profit
(Thaosand
dollars)
(Thousand
dollars)
Agriculture, forestry; and fishery
6,369 2,269,568
753
773
1,185
1,635
837
443
190
47
16
9
39,779
58,483
138,473
370,153
278,964
237,581
264,788
141,420
95,385
54,532
49, 368
511,576
29,066
777,899
11,743
21,971
44,843
113,146
84,986
76,981
71,652
41,928
22,045
21,101
18,368
238,217
10,918
186,292
1,888
4,508
8,393
23,303
23,241
21,782
17,337
14,261
5,640
8,199
8,145
46,151
3,444
Manufacturing
87, 575
9,427
9,330
14,076
20,308
12,709
8,274
6,182
2,409
1,350
1,039
339
237
154
102
1,639
295,555,650
479,892
1,078,063
2,865,189
8,540,681
10,936,913
13,175,868
20,009,388
15,382,068
15,536,871
24,172,847
16,453,776
22,445,419
33,415,621
109,663,857
1,399,197
85,175,236
174,916
356,096
887,820
2,367,878
2,812,725
3,309,311
4,999,643
3,939,713
4,453,662
7,295,354
5,019,026
6,760,457
8,930,689
33,475,307
392,639
17,098
38,236
112,467
347,373
458,749
651,603
1,193,037
1,033,031
1,246,408
2,213,642
1,407,336
1,926,188
2,864,567
10,406,360
121,844
Finance, insurance, real estate, and
lessors of real property
177,400
24,744
24,483
31,060
38,344
18,063
9,961
8,326
5,205
3,621
2,114
837
400
280
223
9,739
10,344,024
ai,344
216,164
364,655
684,908
562,193
483,656
599,608
407,944
588,061
731,789
698,154
836,596
888,309
2,990,158
80,485
109,717
143,307
223,995
440,839
401,598
376,679
512,783
329,383
495,461
561,209
431,892
500,795
600,629
2,057,292
52,443
47, 593
74,379
157,277
341,068
299,136
252,365
345,870
338, ao
341,326
545,634
354,673
558,435
742,077
4,874,583
105,778
Business
receipts
(Thousand
dollars)
Gross
profit
(Thousand
dollars)
( Thousand
dollars)
Mining and quarrying
5,785
735
581
652
1,300
930
471
403
167
97
77
13
5
306
29,273
38,988
77,134
314,166
386,267
385,776
661,755
547,494
607,716
1,016,615
723,347
973,295
1,331,070
1,733,610
72,847
11,350
15,487
38,585
114,520
135,459
127,646
226,719
198,517
224,373
390,020
335,033
393, X9
480,743
952,304
29,104
1,922
2,861
6,643
20,958
31,933
27,693
53,540
55,247
52,766
110,627
100,661
150,095
152,651
512,113
6,755
Public utilities
22,989
5,347
3,237
3,721
4,246
2,006
1,338
821
373
241
164
92
63
84
87
1,169
47,044,395
177,380
298,339
534,439
955,114
935,790
1,222,308
1,627,513
1,536,152
1,436,225
1,430,844
2,017,249
1,666,573
5,424,080
27,545,071
136,808
93,201
132,331
233,796
426,372
333,449
4a, 983
528,494
475,746
467,992
534,113
670,345
721,629
2,340,073
11,581,119
53,409
6,046,508
9,806
13,391
32,197
68,603
63,087
36,787
127,785
134,208
134,597
173,834
211,801
256,397
750,105
3,965,093
13,312
48,872
14,546
7,380
9,214
8,722
3,299
1,598
781
262
135
56
24
6
9
13,769,655
975,994
666,017
1,235,329
2,013,043
1,523,017
1,262,994
1,354,339
959,181
919,562
754,134
699,819
236,196
866,443
6,423,692
520,649
358,238
628,719
970,428
721,860
579,669
569,013
369,646
382,749
398,940
337,490
110,900
345,758
1,084,608
52,006
39,1TO
78,373
132,786
101,289
92,075
111,840
78,265
76,506
105,771
32,301
35,255
77,258
^Includes data for "Nature of business not allocable," not shown separately (see table 7).
16
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
ACTIVE CORPORATIONS
Table 8. —CORPORATION RETURNS BY SIZE OF TOTAL ASSETS:
NUMBER, BUSINESS RECEIPTS, GROSS PROFIT, NET INCOME, AND DEFICIT, BY INDUSTRY— Concinued
Size of total assets
Business
receipts
fJTiousant
dollars.
Gross
profit
{Thousand
dollars)
(Thousi
dolla,
Business
receipts
(Thousand
dollars)
Gross
profit
(Thousand
dollars)
(Thousand
dollars)
-Business
receipts
( Thousand
dollars)
Gross
profit
(Thousand
dollars)
(Thousand
dollars)
All industries
Agriculture, forestry, and fishery
Mining and quarrying
RETURNS WITHOUT NET INCOJE
Total
Under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under. $10,000,000
$10,000,000 under $25,000,000
$25,000,000 under $50,000,000
$50,000,000 under $100,000,000...
$100,000,000 under $250,000,000..
$250,000,000 or more
Not stated
Total
Under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under $10,000,000...
$10,000,000 under $25,000,000. .
$25,000,000 under $50,000,000..
$50,000,000 under $100,000,000..
$100,000,000 under $250,000,000
$250,000,000 or more
Not stated
Total
Under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $2,500,000
$2,500,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000...
$25,000,000 under $50,000,000...
$50,000,000 under $100,000,000.,
$100,000,000 under $250,000,000.
$250,000,000 or more
Not stated
367,211
127,933
57,514
53,546
48,801
18,950
9,693
6,277
2,424
1,480
1,135
378
187
85
33
38,770
21,615
9,262
3,779
2,748
2,298
790
409
214
115,953
41,127
20,616
18,932
15,906
5,403
2,176
901
195
107
23
15
2
89,281,715
3,962,266
4,064,346
6,552,421
11,597,933
9,178,127
7,908,965
8,134,468
5,072,058
4,162,429
4,264,866
2,924,966
3,449,160
3,451,712
12,494,110
2,063,888
19,972,930
1,258,163
1,143,464
1,547,950
2,434,661
1,680,838
1,468,422
1,564,143
1,017,078
882,425
952,442
644,524
870,688
1,013,879
2,934,753
559,500
333,318
269,379
362,909
577,758
415,895
351,993
408,645
216,757
267, 369
207,889
106,799
139,902
200,678
158,893
169,354
5,464
1,327
687
1,037
1,081
310
220
102
13
1
6
588,588
33,456
36,583
78,606
147,042
46,780
125,796
64,649
20,282
3,847
10,898
123,615
12,188
10,065
20,628
33,824
11,541
19,367
11,319
2,185
394
^4,850
71,597
3,771
3,424
8,917
16, 352
4,554
11,045
8,928
3,886
6,890
1,574
747
1,128
1,037
668
401
300
88
63
31
3
1
837
2,208,309
19,120
32,963
69,937
160,508
181,189
160,578
228, 320
152,663
186,362
245,615
56,763
190,170
158,173
99,421
. 265,527
679,981
5,147
8,225
17,492
38,267
36,782
39,652
53,381
49,264
5 5,648
81,313
9,652
71,076
82,635
30,972
100,464
Construction
Manufacturing
Public utilities
4,131,643
423,135
385,526
451,708
789, 597
549,382
439,820
442,310
240,798
164,438
101,640
11,834
530,949
90,531
77,965
79,710
105,037
56,836
35,540
31,894
13,564-
8,972
6,148
1,603
220,215
30,118
19,136
25,900
38,832
30,544
23,159
20,639
8,787
6,396
5,243
1,518
9,943
50,991
15,578
8,014
7,795
7,944
3,481
1,753
1,214
479
193
110
25
19
12
5
3,369
31,983,373
600,735
675,931
1,214,494
2,598,091
2,380,722
2,328,076
3,256,805
2,412,002
1,650,337
2,461,066
919,979
1,554,909
1,742,842
7,737,231
440,153
150,075
175,596
233, 748
547,024
430,303
406,362
554,721
434,595
347,811
442,074
189,610
352,614
327,004
1,526,909
75,658
62,685
59,243
85,010
159,558
135,664
114,094
157,841
101,539
98, 857
32,051
35,291
58,412
51,798
60,970
35,858
14,774
5,681
2,033
1,777
1,615
675
383
260
83
12
10
7
10
,102
7,398,937
160,627
156,893
229,927
380,693
298,233
358,925
459,387
291,078
336,203
234, 311
234,828
384,847
350,798
3,430,418
91,764
1,964,084
71,015
65,403
77,379
135,055
83,570
87,696
110,523
67,405
68,211
46,081
51,859
105,877
96,740
854,999
41,170
Finance, insurance, real estate, and
lessors of real property
33,998,068
1,993,252
2,328,481
3,926,254
6,818,597
5,303,540
4,041,603
3,200,094
1,522,125
1,492,067
613,708
1,224,187
607,935
6,089,135
530,805
579,030
790,342
1,238,055
851,390
652,715
516,015
242,169
237,993
92,330
147,110
33,410
172,771
954,444
117,657
96, 578
133,713
172,555
120,087
35,353
55,257
31,621
46,714
9,528
16,531
9,095
99,535
25,660
14,930
14,925
15,056
6,399
3,582
2,910
1,3a
1,011
911
319
147
62
22
11,220
140,000
34,781
115,342
159,698
124,059
109,929
211,243
194, 617
210,028
500,593
431,975
588,095
1,071,156
1,227,040
154,653
75,665
54,253
55,331
87,599
65,249
78,048
154,103
134,254
124,863
255,809
220,594
272,685
496,037
521,373
69.220
701,315
43,913
33,161
43,025
90,916
54,942
53,296
69,259
34,092
56,994
41,943
28,978
31,460
39,173
51,010
29,153
41,725
19,716
5,522
4,687
3,485
1,144
730
363
105
25
15
552,305
344,924
459,991
532,911
233,177
339,559
270,221
138,493
109,147
96,035
45,399
123,204
123,743
303,043
162,087
221,545
245,638
144,917
148,664
131,352
73,642
38, 533
33,537
24,096
30,025
11,462
338,185
6,969
6,312
15,541
31,540
22,727
20,494
35,462
12,007
34,940
21,240
13,310
15, 762
87,059
449
12,773
289,136
13,348
9,245
14,063
27,723
19,968
15,749
22,958
12,802
14,554
32,755
8,741
19,700
20,783
45,464
10, 323
295,553
48,943
38,719
34,591
38,054
26,735
28,039
28,270
12,015
8,240
7,111
2,330
5,473
1,365
Includes data for "Nature of business not allocable,
^Loss.
not shown separately (see table 7).
ACTIVE CORPORAT10^S
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
Table 9.— NUMBER OF RETURNS, BY SIZE OF NET INCOME OR DEFICIT, BY INDUSTRY
17
Size of net income or deficit
Finance, in-
Nature of
All
industries
Agriculture,
forestry,
and fishery
Mining and
quarrying
Construction
Manufac-
turing
Public
utilities
Trade
real estate
and lessors
of real
property
Services
business
not
allocable
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
572,936
6,369
5,785
31,961
87,575
22,989
189,164
177,400
48,872
2,821
280,100
2,826
1,984
14,632
30,266
11,367
94,224
95,644
27,082
2,075
79,922
916
788
4,138
10,240
2,773
28,257
25,546
6,951
313
47,906
589
487
2,875
6,640
1,880
16,507
14,905
3,889
134
33,538
445
399
1,984
5,380
1,224
12,030
9,323
2,641
112
31,602
422
308
2,245
5,864
1,194
10,738
8,242
2,528
61
47,975
695
719
3,298
10,114
1,813
15,147
12,865
3,252
72
22,466
280
415
1,451
6,457
911
6,349
5,322
1,254
27
15,781
131
340
829
5,981
774
3,769
3,144
791
22
6,235
44
154
290
2,791
401
1,158
1,146
246
5
3,160
12
79
131
1,582
225
479
526
126
-
3,190
8
81
75
1,708
262
424
538
94
-
487
_
13
9
252
57
43
99
14
-
354
_
12
4
184
64
28
58
4
-
114
1
3
-
55
30
5
20
-
-
73
_
2
_
40
13
4
14
-
-
33
-
1
-
a
1
2
8
-
-
367,ai
5,464
5,890
a, 615
50,991
14,774
115,953
99,535
41,725
10,264
257,298
3,203
3,264
14,264
26,675
10,123
76,853
82,014
31,417
9,485
44,541
811
934
3,022
7,427
1,916
17,452
7,825
4,802
352
20,192
479
489
1,271
4,097
802
7,791
3,185
1,892
186
11,284
220
356
757
2,641
408
4,077
1,676
1,079
70
7,135
164
287
460
1,692
363
2,425
1,106
564
74
14,732
353
661
1,031
4,041
563
4,718
2,192
1,113
60
6,896
138
459
511
2,379
288
1,756
859
474
32
3,485
83
277
238
1,350
177
671
397
287
5
969
3
102
39
417
74
129
146
59
-
339
3
22
14
159
18
49
47
27
-
303
7
34
8
102
33
30
79
10
-
28
_
3
_
6
9
2
7
1
-
9
_
2
-
-
-
2
-
-
NET INCCME
Total
Under $5,000
$5,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
$25,000,000 under $50,000,000
$50,000,000 under $100,000,000
$100,000,000 or more
DEFICIT
Total
Under $5,000
$5,000 under $10,000
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 or more
Returns and Schedules
Used
See Sources of the data for
explanation of items checked on
the return and schedule forms.
20
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
SOLE PROPRIETORSHIP
SCHEDULE C
(Form 1040)
U. S. Treasury Department — Interr\al Rever\ue Service
PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION
(For Computotion of Self-Employment Tax, see Page 3)
1957
Attach this schedule to your Income Tax Return, Form 1040 — Partnerships, Joint Ventures, Etc. Must File On Form 1065
For Calendar Year 1957, or other taxable year beginning
, 1957, and ending
195
Name and Address as shown on page 1, Form 1040
A. Principal business activity:
(See instructions, page 2)
(Retail trade, wholesale trade, lawyer, etc.)
(Principal product or service)
B. Business name:
C. Business address:
(Number and street or rural route) (City or post office) (Slate)
• IMPORTANT — If you had more than one business, a separate page 1 of Schedule C must be completed for each business.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Total receipts $ , less allowances, rebates, and returns $ i_
Inventory at beginning oi year 1$.
Merchandise purchased $ , less any items withdrawn from
business for personal use $ —
Cost of labor (do not include salary paid to yourself)
Material and supplies
Other costs (explain in Schedule C-2)
Total of lines 2 through 6
Inventory at end of year
Cost of goods sold (line 7 less line 8)
Gross profit (line 1 less line 9)
OTHER BUSINESS DEDUCTIONS
Salaries and wages not included on line 4 (do not include any paid to yourself) .
Rent on business property
Interest on business indebtedness
Taxes on business and business property
Losses of business property (attach statement)
Bad debts arising from sales or services
Depreciation (explain in Schedule C-1)
Repairs (explain in Schedule C-2)
Depletion of mines, oil and gas wells, timber, etc. (attach schedule)
Amortization (attach statement)
Other business expenses (explain in Schedule C-2)
Total of lines 1 1 through 21
Net profit (or loss) (line 10 less line 22). Enter here: on line 24, page 3: and on line 8, pagel. Form 1
040.
]z:
V"
Schedule C-l. EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED ON LINE 17
<ind of property (if buildings, state material
of which constructed). Exclude land and
other nondepreciable property
2. Date
acquired
3. Cost 01
other basis
4. Depreciation al-
lowed (or allowable)
in prior years
5 Method of com-
puting depfeciaI:on
6 Rater;)
or life (years)
7. Depreciation
for this year
Schedule C-2. EXPtANATION OF LINES 6, 18, AND 21
Line No, I Explanation
Amount
Line No.
Explanation
Amount
$
$ — .
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
21
SOLE PROPRIETORSHIP
Page 3
COMPUTATION OF SELF-EMPLOYMENT TAX
(For social security)
(See Instructions — Page 4)
► Each self-employed person must file a separate schedule. See instructions, page 4, for joint returns and partnerships.
► If you had wrages of $4,200 or more which were subject to the deduction for social security, do not fill in this page.
► If you have more than one business, a separate page 1, Schedule C, must be completed for each business. However, only
one page 3 is to be completed and filed showing the combined net profit or loss froirx such businesses.
NAME OF SELF-EMPLOYED PERSON (qs shown on social security card)
STATE EACH BUSINESS ACTIVITY SUBJECT TO SELF-EMPLOYMENT TAX (lor example: Restauranl. Build;:ic3 Conlractor. bul not Parlner or Ow.-ie.-;
Line
24, Net profit (or loss) shown on line 23, page 1 (Enter combined amount if more then
one business)
25. Add to net profit (or subtract from net loss) losses of business property shown on line 15,
page 1
26. Total (or difference)
27. Net income (or loss) from excluded services or sources included on line 26
Specify excluded services or sources. _
28. Net earnings (or loss) from self-employment —
(a) From business (line 26 less any amount on line 27)
(b) From partnerships, joint ventures, etc. (other than farming)
(c) From service as a minister, member of a religious order, or a Christian Science practitioner
Enter only if you elect Social Security coverage by filing Form 2031 (See instructions, page 4).
(d) From farming reported on line 12 or 13, separate Schedule F (Form 1040)
29. Total net earnings (or loss) from self-employment reported on line 28
(If line 29 is under $400, you are not subject to self-employment tax. Do not fill in rest of page.)
30. Maximum amount subject to self -employment tax
31. Less: Total wages, subject to deduction for social security, paid to you during the
taxable year. (For wages reported on Form W-2, see "F. I. C. A. Wages" box.) . . . ,
32. Balance (line 30 less line 31)
33. Self -employment income — line 29 or 32, whichever is smaller
4,200 GO
34. Self-employment tax — lake 3ye':( of the amount on line 33. (You can do this by multiplying the amount on
line 33 by .03375.) Enter this amount here and on line 15, page 1, Form 1040
IMPORTANT— FILL IN ITEMS BELOW COMPLETELY BUT DO NOT DETACH
SCBEDULE SE (rorm 1040)
U. S. Trcaanry Deportment
Inter AOl Revenue Service
U. S. REPORT OF SELF-EMPLOYMENT INCOME
For Crediting to Your Social Security Account
1957
Indicate year covered by this return (even though income v/os received only in part oj year):
J_ D Calendar year 1957 CIj Other taxoble year beginning 1957, ending _
If less than 12 months, was short year due to (a) [U Death, or (b) C Change in accounting period, or
(c) n Other.
2.
BUSINESS ACTIVITIES SUBIECT TO SELF-EMPLOYMENT TAX (Grocery Store, Restaurant, etc.)
3.
BUSINESS ADDRESS (Number and Street, City or Town, Postal Zone Number, Stale)
4.
SOCIAL SECURITY ACCOUNT NUMBEl?
OF PERSON NAMED IN ITEM S BELOW
5.
PRINT OR TYPE NAME OF SELF-EMPLOYED PERSON AS SHOWN ON SOCIAL SECURITY CARD
PRINT OR TYPE HOME ADDRESS (Number and Street or Rural Route)
(City or Po3t Oilice, Po«laI Zone Number. Stale)
PLEASE DO NOT WRITE IN THIS SPACE
ENTER TOTAL EARN-
INGS FSOM SELF-EM-
S. PLOYMENT SHOWN
ON LINE 29 ABOVE...
S
ENTER WAGES. IF
7. ANY. SHOWN ON
LINE 31 ABOVE
$
ENTER AMOUNT
8. SHOWN ON LINE 33
ABOVE
$
nc6— 16— 72767-8
22
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
SOLE PROPRIETORSHIP
SCHEDULE r
(Form 1040)
U. S, Treasury Deportment — Internal Revenue Service
SCHEDULE OF FARM INCOME AND EXPENSES
(For computation of Self -Employment Tax, see page 4)
Attach this schedule to your Income Tax Return, Form 1040
1957
For Calendar Year 1957, or other taxable year beginning
1957, and ending
, 195
Name and Address as shown on page 1, Form 1040
FARM INCOME FOR TAXABLE PERIOD COMPUTED ON THE CASH RECEIPTS AND DISBURSEMENTS METHOD
(Do not include soles of Uvesiock held for draft, breeding, or doiry purposes; report such soles on Schedule D (Form 1040).
Report sales of other livestock in coluntn 1 or column 4 below, whichever is applicable)
l.SALE OF LIVESTOCK RAISED
2.SALE OF PRODUCE RAISED
3. OTHER FARM INCOME
Kind
Quantity
Amount
Kind
Quantity
Amount
Items
Amount
Cattle
$
Grain
Hay
Cotton
$
Mdse. rec'd for produce
Machine work
Breeding fees
$..
Mules
Sheep
Tobacco
Vegetables
Fruits and nuts . . .
Other forest products
Agricultural program pay-
ments
Chirkens
Turkeys
Ducks
Eggs
Meat products. . .
Patronage dividends, rebates
or refunds
Bees
Poultry, dressed. .
Wool
Honey
Sirup and sugar.
Other (specify):
Other (specify):
Other (specify):
Total
$-- -
1 of summary below)
Total - -
$ ._.
Total
$.
(
Enter on line
(
Inter on line
2 of summary below)
(Enter on tine 3 of summary below)
4. SALE OF PURCHASED LIVESTOCK AND OTHER PURCHASED ITEMS
a. Description
b. Date acquired c. Gross sales price d. Cost or other basis e. Profit (or loss)
Total (enter on line 4 of summary belo
SUMMARY OF INCOME AND DEIIIJCTIONS COMPUTED ON THE CASH^ECEIPTS AND DISBURSEMENTS METHOD
1. Sale of livestock raised
2. Sale of produce raised
3. Other farm income
4. Profit (or loss) on sale of purchased live-
stock and other purchased items ....
5. Gross Profits*
6. Yar^ expenses (from page 2) . . .
preciation (from page 3) . . . .
Other farm deductions (specify):
Total Deductions .
10. Net farm profit (or loss) (line 5 minus line 9) to be reported on line 9, page 1, Form 1040.
* Use this amount for optional method of computinq net earnings from self -employment. (See line 13, page 4.)
ncO — 16 — 73682-1
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
2S
FORM
1065
U. S. Treasury D«partliMBl
Internal RevMiv* SuvUe
U. S. PARTNERSHIP RETURN OF INCOME
(To Be Filed Also by Syndicates, Pools, Joint Ventures, Etc.)
FOR CALENDAR YEAR 1957
oi other toxobla
year beginning , 19S7, and ending
, 195
PLEASE TYPE OR PRINT PLAINLY
Name
Number and Street
Cit7, town, postal zone number .county, State
1957
Do itt write In space below
\l'S,'l.Ho. CROSS INCOME
1 . Gross receipts
2. Less: Returns, allowances, etc
3. Inventory at beginning of year
4. Merchandise purchased
5. Cost of labor (do not include salaries paid to partners)
6. Material and supplies
7. Other costs (Attach schedule)
8. Total of lines 3 through 7
9. Inventory at end of year
10. Cost of goods sold Oine 8 less line 9)
11. Gross profit (line 2 less line 10)
DEDUCTIONS
12. Salaries and wages (do not include amounts reported in line S or paid to partners)
13. Payments to partners — salaries and interest
14. "Rent
15. Interest (Schedule E)
16. Taxes (Schedule G)
17. Losses by fire, storm, shipwreck, or other casualty or theft (Attach statement) .
18. Bad debts (Schedule H)
19. Repairs
20. Depreciation (Schedule I)
21. Amortization (Attach schedvile)
22. Depletion of mines, oil and gas wells, timber, etc. (Attach schedule)
23. Other deductions authorized by law (Schedule J)
24. Total deductions (lines 12 through 23)
25. Net profit (or loss) Cine 1 1 less line 24)
OTHER INCOME
26. Net farm profit (or loss) (Schedule F, Form 1040)
27. Income (or loss) from other partnerships, syndicates, etc. (Attach statement)
28. Nonqualifying dividends (See Instruction 28)
29. Interest (fully taxable)
30. Rents and royalties (Schedule B)
31. Net gain (or loss) from sale or exchange of property other than capital assets (from line 1 2, Separate Schedule D, Form 1065) ,
32. Other income (Schedule C)
33. Ordinary income (or loss) (Tctal of lines 25 through 32)
^
7"
s qL
34. Net balance (plus items less minus items) of items shown separately in columns 5-14 of Schedule K.
SIGNATURE AND VERIFICATION
I declare under the penalties of perjury that this return (including any accon^anying schedules and statements) has been examined by me, and
to the best of my knowledge and belief is a true, correct, and complete return.
(Signoture o fpartnar or member)
(Date)
I declare under the penalties of perjury that I prepared this return for the person(s) named herein; and that this return (including any accompanying
schedules and statements) is, to the best of my knowledge and belief, a true, correct, and complete return based on all the information relating to the
matters required to b© reported In this return of which I have knowledge.
(Individual or Firm Signature)
(Addren)
(Date)
TabulotecJ as net profit for finance, insurance, real estate.
24
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
FORM
V. S. Trecunry DepcutmenI
Internal Revenue Service
immi TAX REi
FOR CALENDAR YEAR 19S7
or other iojcoble year beginning .
and ending
-, 19S7.
. 195
PLEASE TYPE OR PRINT PLAINLY
Name
Number and streel
City or town, postal zone number, county. Stale
19S7
Do not writ) In space below
A. Date incorporated
B. Place incorporated -
C. Business group code number and principal business activity
(See page 8 of Instructions)
D. Did the corporation at any time during the taxable year own 50
percent or more of the voting stock cf a domestic
corporation? D Yes □ No
Did any corporation, individual, partnership, trust, or association at
any time during the taxable year own 50 percent
or more of the corporation's voting stock? □ Yes Q No
If either answer is "Yes," attach separate schedule showing;
(1) name and address;
(2) percentage of stock owned;
(3) date stock was acguired; and
(4) the District Director's office in which the income tax return of
such corporation, individual, partnership, trust, or association
for the last taxable year was filed.
E> If corporation is a cooperative association, check whether;
(1) □ farmers' marketing or a farmers' purchasing cooperative
association,
(2) n consumers' cooperative association, or
(3) □ other cooperative association.
F. Check if taxpayer is a sole proprietorship Q or partnership □ elect-
ing under section 1361 to be taxed as a corporation.
0. Did tlie corporation, during the taxable year, have any contracts or
subcontracts subject to the Renegotiation Act of
1951? D Yes O No
If answer is "Yes," state the approximate aggregate
gross dollar amount billed during the taxable
year under all such contracts and/or subcontracts.
(See Insh-uction G-(4)) $
H. Did the corporation at any time during the taxable year own di-
rectly or indirectly any stock of a foreign corpo-
ration? ._. D Yes D No
If answer is "Yes," attach statement as required by
Instruction K.
1. Enter amount of income (or deficit) from;
(a) line 32, page 3, Form 1120, 1955 $
(b) line 32, page 3, Form 1120, 1956
y. Is this a consolidated return of an affiliated group
of corporations? (Soe Instruction 1) □ Yes □ No
If answer is "Yes," Form 1 122 must be attached for
each subsidiary.
IS. Is taxpayer a personal holding company? □ Yes □ No
!! answer is "Yes," Schedule 1 120 PH must be attached.
L. Did the corporation moke a relurn of information on Forms 1096 and
1099 lor the calendar year 1957 in connection with:
Taxable dividends □ Yes Q No
Other payments Q Yes Q No
(See Instruction G-(l).)
M. Is taxpayer a resident foreign corporation?
(See Instruction H) D Yes Q No
FILL IN REMAINDER OF THIS PAGE AFTER COMPLETING PAGES 2 AND 3
► Enter amounts shown on page 2, if none write "None"; line 1, $_
line 4, $. line 15, $.
COMPUTATION OF TAX DUE OR REFUND
1. Total income tax (line 50, page 3)
2. Credits for amounts paid on 1957 income tax;
A. Tax paid with application for extension of lime in which to file
B. Payments and credits on 1957 Declaration of Estimated Tax
3. It tax (line 1) is larger than payments (line 2), the balance is TAX DUE.
(For installment payments see Instruction D.)
Enter such balance here-
4. If payments fline 2) are larger than tax (line 1) Enter the OVERPAYMENT here.
$. Enter amount of line 4 you want: Credited on 1958 estimated lax. . . . $
Refunded $ _
SIGNATURE AND VERIFICATION (See Instruction E)
I declare under the penalties of perjury that this return (including any accompanying schedules and statements) has been examined by me
and to the best of my knowledge and belief is a true, correct, and complete return.
(Uolcl
(Signature of odicer)
(Tillc)
CORPORATE
SEAL
I declare under the penalties of perjury that I prepared this return for (he laxpayer named herein: and that this return (including any accom
ponying schedules and statements) is, to the best of my knowledge and belief, a true, correct, and complete return based on all the information
relating to the matters required to be reported in this return ol which 1 have any knowledge.
(Dole)
(Individual or lirm Eignolurp)
(Address)
FORM 1120
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
25
Form 1123-1557
TAXABLE EKCOME C0r.3PnTAT10N
Page 2
Instruction
and Line No.
GROSS INCOME
1. Gross sales (where inventories
are an income-determining factor) S
2a Less: Cost of goods sold (Schedule A) .
3. Gross profit from sales
Less: Returns and
: allov/ances 3
4. Gross receipts (v/here inventories are not an income-determining
factor)
V
Sa Less: Cost of operations (Schedule B)
6. Gross profit where inventories are not an income-determining factor.
7. Dividends (Schedule C)
8. Interest on loans, notes, mortgages, bonds, bank deposits, etc
9. Interest on corporation bonds, etc
10. Interest on obligations of the United States, etc.:
(a) Issued prior to March 1, 1941 — (1) U. S. savings
bonds and Treasury bonds owned in excess of the
principal amount of $5,000, and (2) obligations
of an instrumentality of the U. S
(b) Obligations issued on or after March 1. 1941, by
the U. S. or any agency or instrumentality thereof.
Gross Amount of
Interest
Less: Amorti^abte
Bond Premium
11. Rents
12. Royalties '.
13. Gains and losses (I'rom separate Schedule D):
(a) Net short-term capital gain reduced by any net long-term capital loss
(b) Net long-term capital gain reduced by any net short-term capital loss
(c) Net gain (or loss) from sale or exchange of p.-operty other than capital assets.
14. Other income (itemize):
.»/..
V"
^
15.
Total income in lines 3, and 6 to 14, inclusive.
DEDUCTIONS
16. Compensation of officers (Schedule E)
17. Salc;;ies and wages (not deducted elsewhere)
18. Rents .
19. Repairs (Do not include cost of improvements or capital expenditures)
20. Bad debts (Schedule F)
21. Interest
22. Taxes (Schedule G)
23. Contributions or gifts paid (Schedule H)
24. Losses by fire, storm, shipwreck, or other casualty, or theft (Attach schedule) .
26 U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
25. AmorKzaKon iSchedulo I)
2S. Depreciation (Schedule I)
27. Depletion ot mines, oil and gas welb, timber, etc. (Attach schedule)
28. Advertising (Attach schedule)
29. Amounts contributed under:
(a) Pension, annuity, stock bonus, or profit-sharing plans (Attach schedule) .
(b) Other employee benefit plans (Attach schedule)
30. Other deductions (Schedule K)
31> Total deductions in lines 16 to 30, inclusive
32. Taxable income before net operating loss deduction and special deductions.
33. Less: Net operating loss deduction (Attach schedule)
34. Tcr.able income before special deductions
SPECIAL DEDUCTIONS
35. Deduction for partially tax-ey.empt interest (net amount entered on line 10 (a)).
36. Dividends-received deductions:
(a) 65% of column 2, Schedule C
(b) 62.1 15% of column 3, Schedule C
(c) 85% of dividends received from certain foreign corporations.
37. Total dividends-received deductions (sum of lines 36 (a), (b), and (c) but not to exceed 85
porcsnt of the excess c: line 32 over the sum of lines 35 and 39) (See instructions in case
of net operating loss)
38. Deduction for dividends paid on certain preferred stock of public utilities (See instructions
in case of net operating loss)
39. Deduction for Western Hemisphere trade corporations (See instructions in case of net oper-
ating loss)
.(/..
40. Total special deductions
41. Line 34 less line 40 (Enter income or loss here and on line 42(b)) .
TAX COMPUTATION FOR CALENDAR YEAR l°S7 AND TAX-IELE YEARS ENDING ON OR BEFORE JUNE 30. 195S
For other taxable years attach Schedule 1120 FY (See tax computation instructions)
42. (a) Amount of line 35, $ (b) plus amount of line 41, $ Enter total here ->
43. If amount of line 42 is:
(a) Not over $25,0{X)—
Enter 30 percent of line 42 (32 percent if a consolidated return)
(b) Over $25,000— "
Enter 52 percent of line 42 (54 percent if a consolidated return)
Subtract $5,500, and enter difference
5,500.00
44. Adjustment for partially lax-exempt interest. Enter 30 percent of line 35, but not in excess of 30 percent of line 42.
45. Normal tax and surtax (line 43 less line 44)
46. Income tax (line 45, or line 20 of separate Schedule D)
47. Credit allowed a domestic corporation for income taxes paid to a foreign country or United
Slates possession (submit Form 1 1 1 B)
48. Balance of income lax (line 46 less line 47)
49. Tax under section 541 of the Internal Revenue Code (from Schedule 1 120 PH).
50. Total income tax (line 48 plus line 49). Enter here and on line 1. page 1 .
rerm 1120-1957 io-7jom-i
Page 3
U. S. BUSINESS TAX RETURNS, JULY 1957- JUNE 1958
27
Form 1120-1957
Schedule L.— BALANCE SHEETS (See InstrucUons)
Page 4
ASSETS
Cash
Notes and accounts receivable
(a) Less: Reserve for bad debts
Inventories: (a) Other than last-in, first-out
(b) Last-in, first-out
Prepaid expenses and supplies
Investments in governmental obligations:
(a) Obligations of a State, Territory, or a possession of
the United States, or any political subdivision of any
of the foregoing, or of the District of Columbia
10.
II.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
(b) Obligations of the United States and its instrumentali-
ties ■ ■
Mortgage and real estate loans
Other investments (Attach schedule)
Buildings and other fixed depreciable assets
(a) Less: Accumulated amortization and depreciation ....
Deplete ble assets
(a) Less: Accumulated depletion
Land (net of any amortization)
Intangible assets (amortizable only)
(a) Less: Accumulated amortization
Other assets (Attach schedule)
Total Assets
LIABILITIES AND CAPITAL
Accounts payable
Deposits and withdrawable shares
Bonds, notes, and mortgages payable (maturing less than
one year from date of balance sheet)
Accrued expenses (Attach schedule)
Bonds, notes, and mortgages payable (maturmg one year
or more from date of balance sheet)
Other liabilities (Attach schedule)
Capital stock: (a) Preferred stock
(b) Common stock
Paid-in or capital surplus
Surplus reserves (Attach schedule)
Earned surplus and undivided profits
Total Liabilities and Capital
Beginning ol Taxatile Year
Total
End ol Taxabia Year
Total
:^
Schedule M.— RECONCILIATION OF TAXABLE INCOME AND ANALYSIS OF EARNED SURPLUS AND UNDIVIDED PROFITS
1. Earned surplus and undivided
profits at end of preceding tax-
able year (Schedule L)
2. Taxable income before net operat-
ing loss deduction and special
deductions (line 32, page 3)
3. Nontaxable interest on:
(a) Obligations of a Stale, Terri-
tory, or a possession of the
United States, or any political
subdivision of any of the tore-
going, or of the District of Co-
lumbia
(b) Obligationsof the United States
issued on or before Sept. 1,
1917; all postal savings bonds. .
4. Other nontaxable income (Attach
schedule)
5. Charges against surplus reserves
deducted from income in this re-
turn (Attach schedule)
Adiustments for tax purposes not
recorded on books (Attach sched-
ule)
Sundry credits to earned surplus
(Attach schedule)
Total of lines 1 to 7.
13.
14.
15.
16.
17.
18.
19.
20,
21.
Total distributions to stockholders charged to earned
surplus during the taxable year:
(a) Cash
(b) Stock of the corporation
(c) Other property
Contributions in excess of 5% limitation
Federal income and excess profits taxes
Income taxes of foreign countries or United States posses-
sions if claimed as a credit in whole or in part on line 47,
page 3
Insurance premiums paid on the life of any officer or em-
ployee where the corporation is direclly or indirectly a
beneficiary
Unallowable interest incurred to purchase or carry tax-
exempt interest obligations
Excess of capital losses over capital gains
Additions to surplus reserves (Attach schedule)
Other unallowable deductions (Attach schedule)
Adjustments for tax purposes not recorded on books (Attach
schedule)
Sundry debits to earned surplus (Attach schedule) .
Total of lines 9 to 19
Earned surplus and undivided profits at end of the taxable
year (Schedule L) (Line 8 less line 20 ol Schedule M) . . .
ftU. S. GOVERNMENT PRINTING OFFICE; 1960 O -541540
DOES HOT ClRCDlATt
s
TATISTICS OF INCOME
Publications in Preparation
v^OrpOrHllOn income Tax Returns with accounting periods ended July
1957-June 1958
Summary of income statement and balance sheet items, tax, and distributions
to stockholders. Classifications by industry, net income size, total assets size,
and accounting period. Special tables on consolidated returns. Ten-year his-
torical summary.
llldl\ idlial Income Tax Returns for 1958, Preliminary
Adjusted gross income, taxable income, income tax liability, sources of income,
itemized deductions, exemptions, tax credits, classified by size of adjusted
gross income. Selected sources of income by States.
PidllciarV income Tax Returns, Gift Tax Returns, and EstalC
Tax Returns, filed during 1959
FIDUCIARY RETURNS: Sources of income, deductions, exemption, and tax.
Classifications for income of estate or trust (also bank administered trust), by
size of total income, size of taxable income, types of tax, and States. Historical
summary 1949-58.
GIFT TAX RETURNS: Total gifts, exclusions, deductions, specific exemption,
and tax. Classifications by type of gifts, size of taxable gift and total gifts,
tax status, identical donors, and consent status.
ESTATE TAX RETURNS: Gross estate by type of property, deductions, specific
exemption, tax, and tax credits. Classifications for tax status, size of gross
estate and net estate before exemption, method of valuation, marital status, age,
sex, and States. Historical summary 1950-59.
U. i5. DllSlIlCSS Tax Returns with accounting periods ended July 1958-
June 1959
SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS
Business receipts, profits, depreciation, and inventories. Classifications by
industry, size of profit and of business receipts, and for partnerships and corpo-
rations, size of total assets. Historical summary for selected years.
Recent Publications
Corporation Income Tax Returns with accounting periods ended July 1957-June
1958, Preliminary (36 pp., 25(f)
Individual Income Tax Retums-1957 (113 pp., 75$)
Fiduciary Income Tax Returns for 1956 (48 pp., 40(f)
Estate and Gift Tax Returns filed during the calendar year 1957 (39 pp., 35(f)
Partnership Returns for income years ended July 1953-June 1954 (62 pp., 45$)
Farmers' Cooperative Income Tax Returns for 1953 (42 pp., 40(f)
Statistics of Income publications are for sale by the Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
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