1 .0-6/
GOVDOC
T22.35/2:
STATISTICS OF INCOME . . . 1960-61
BOSTON PUBLIC LIBRARY
3 9999 06315 981 6
U.S.
Business
TAX RETURNS
a/u
&
■■♦3*1
IWJHMI
• SOLE PROPRIETORSHIPS
• PARTNERSHIPS
• CORPORATIONS
• *?RM
with accounting periods ended
July 1960-June 1961
U.S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE
OCCIDENTAL COLLEGE
AUG 1 1963
.LIBRARY
DEPOSITORY
REVENUE
2f
ANNIVERSARY
Statistics of Income / 1960-61
U.S. Business
• Sole Proprietorships
• Partnerships
• Corporations
TAX RETURNS
i BOSTON PUBLIC LIBRARY
GOVERNMENT DOCUMENTS OEPARTME*
J MAY 1 1 2000 j
Prepared under the direction of the
Commissioner of Internal Revenue
by the Statistics Division
U.S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE
Publication No. 438 (6-63)
INTERNAL REVENUE SERVICE
Mortimer M. Caplin, Commissioner
Bertrand M. Harding, Deputy Commissioner
William H. Smith, Assistant Commissioner (Planning and Research)
Statistics Division:
Ernest J. Engquist, Jr., Director
James M. Jarpett, Assistant Director
Thomas F. McHugh, Chief, Income, Finance, and Wealth Branch
William J. Smith, Jr., Supervisory Statistician
united states
government printing office
washington : 1963
For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 • Price $1.25 (paper cover)
LETTER OF TRANSMITTAL
Treasury department,
Office of Commissioner of Internal Revenue,
Washington, D. C. , May 31, 1963.
Dear Mr. Secretary:
I am transmitting the Statistics of Income— 1960-61 , U. S. Business
Tax Returns. This report was prepared in partial fulfillment of the
requirements of section 6108 of the Internal Revenue Code of 1954 which
specifies that statistics be prepared annually with respect to the
operation of the income tax laws. The statistics in this volume are
taken from the returns filed by sole proprietorships, partnerships, and
corporations, for accounting periods ended July 1960 through June 1961.
This report contains detailed data about the three major legal
forms of business organization classified by industrial group, size of
business receipts, and profits. In addition, deductions authorized by
law for first-year depreciation charges, selected business ratios,
geographical and historical data are also presented for selected indus-
tries. Corporation data that complement the statistics for sole pro-
prietorships and partnerships are shown, but information on corporations
is available in much greater detail in the report entitled Statistics of
Income— 1960-61 , Corporation Income Tax Returns.
Commissioner of Internal Revenue
Hon. Douglas Dillon,
Secretary of the Treasury.
Ill
CONTENTS
Page
Guide to basic tables - by subject vi
U. S. Business Tax Returns, 1960-61
Summary of new data
Number of business organizations 3
Business receipts
Profits
Depreciation
Explanation of terms °
Sources of the data 10
Description of the sample and limitations of the data 11
Basic tables:
Sole proprietorships 21
Partnerships
Corporations ° '
127
Historical data
Source Book of Statistics of Income 1^9
Facsimiles of forms used, 1960 <. ° 155
Index :■ - ' 191
V
GUIDE TO BASIC TABLES ... BY SUBJECT
SOLE PROPRIETORSHIPS Table Page
Number of Businesses, Receipts, Profits, Arranged by: No- No-
Industry 1
Size of Business Receipts ^ ^
Size of Net Profit 3 32
Businesses With and Without Employees 4, 5 36, 38
Businesses Arranged by Adjusted Gross Income:
Industry 6 ^0
Size of Business Receipts 42
Ratio of Net Profit to Business Receipts 8 43
Additional First-Year Depreciation 47
Geographic Data 10» u 48, 49
Historical Data 35> 36 130> 131
PARTNERSHIPS
Number of Active Partnerships, Receipts, Profits, Arranged by:
Industry 12 54
Size of Business Receipts I3 ^6
Size of Net Profit 14 62
Partnerships With and Without Employees 15> 16 65> 66
17 67
Income Statements
1 o 73
Ratio of Net Profit to Business Receipts
Partnerships With Additional First-Year Depreciation:
By Industry 19 76
By size of Net Profit 20 77
By size of Depreciation 21 79
Cost of Goods Sold Data 22 80
Geographic Data 23' 24 8l> 82
Historical Data 37"39 135-139
CORPORATIONS
Number of Active Corporation Returns, Receipts, Profits, Arranged by:
Industry 25 88
Size of Business Receipts 26, 32 90, 123
Size of Net Income 27, 33 96, 124
Size of Total Assets 28 104
Income Statements and Balance Sheets 29, 30 105, 113
Ratio of Net Income to Business Receipts 31 121
Additional First-Year Depreciation 34 126
Historical Data 40, 41 142, 143
VI
U.S. Business Tax Returns,
July 1960 - June 1961
U. S. BUSINESS TAX RETURNS, 1960-61
This report contains summary financial statistics
for 11,171,119 business organizations: 9,089,985
sole proprietorships, 94-0,560 partnerships, and
1,14-0, 574- corporations. The data are estimates de-
rived from statistical samples of unaudited income
tax and information returns filed with the Internal
Revenue Service for accounting periods ended July
1960 through June 1961. Statistics of Income —
1960-61, U. S. Business Tax Returns is the major
source of annual financial information about unin-
corporated businesses. The corporation data in this
report complement those for unincorporated firms;
more complete statistics from corporation income
tax returns are published annually in Statistics of
Income, Corporation Income Tax Returns. Other de-
tailed data for corporations are maintained in the
Source Book of Statistics of Income which is
described in a separate section in this report.
proprietorship data classified by size of adjusted
gross income. Business schedules for 2,600,000 sole
proprietorships were reported on returns with ad-
justed gross income of under $2,000.
The distribution of sole proprietorships and
partnerships by industry is shown for each State in
tables 11 and 24. As might be expected, the most
populous States — California, New York, Texas, Illi-
nois, and Pennsylvania — have over one-fourth of all
unincorporated businesses.
Other new tables show unincorporated businesses
classified according to whether they had employees
or not, profit ratios for all three forms of orga-
nization, and detailed industry income statements
and balance sheets for corporations.
NUMBER OF BUSINESS ORGANIZATIONS
SUMMARY OF NEW DATA
A number of classifications
first time in this report.
were used for the
Table 6 shows sole
The 11,171,119 business organizations filing re-
turns and schedules in 1960-61 reflected a net
increase of approximately 5,000 over 1959-60. The
increase of 66,000 in corporation returns offsets
Table A.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS: NUMBER, BUSINESS RECEIPTS, DEPRECIATION, AND NET PROFIT, 1960-61 AND 1959-60
Selected items
Total business
organizations
Unincorporated businesses
Sole proprietorships
Partnerships
Corporations
Business organizations —
With and without net profit:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Business receipts million dollars.
Depreciation do
Net profit ( less loss) 1 do
With net profit:
Number
Business receipts million dollars.
Depreciation do
Net profit3 do
11,171,119
1,046,819
31,341
72,932
8,516,953
902,404
(s)
84,024
11,165,875
1, 026, 166
29,511
77,159
8, 649, 361
908, 787
24,448
86, 080
10, 030, 545
244,028
9,181
29,427
7,846,714
216,712
33,642
10, 091, 755
253, 251
9,017
30, 362
226, 601
6,856
34,429
9, 089, 985
171, 257
7,097
21, 067
7,107,286
151,837
(2)
24, 269
9, 142, 359
176,205
6,914
21, 517
7, 219, 608
156, 773
5,260
24, 709
72,771
2,084
8,360
64,875
1,539
9,373
77,047
2,103
8,845
69,828
1,596
9,721
1,140,574
802,791
22,160
43,505
670,239
685,692
18, 566
50, 382
(10)
1, 074, 120
772,915
20,494
46,797
682, 186
17, 592
51, 651
1Fot corporations, net income (less deficit).
2Not available.
3For corporations, net income.
NOTE: Amounts are rounded and may not add to total.
Table B.— SOLE PROPRIETORSHIPS: NUMBER, BUSINESS RECEIPTS,
AND NET PROFIT, BY INDUSTRIAL DIVISION, 1960-61 AND 1959-60
Number of businesses
Business recei
pts
Net profit (less loss)1
Industrial division
1960-61
1959-60
Percent
increase or
decrease (-)
1960-61
(Million
dollars)
1959-60
(Uillion
dollars)
Percent
increase or
decrease (-)
1960-61
(Uillion
dollars)
1959-60
(Uillion
dollars)
Percent
increase or
decrease (-)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
9,089,985
9,142,359
-0.6
171,257
176,205
-2.8
21,067
21,517
-2.1
3,480,195
33,036
655,155
192,634
287,661
1,944,759
306,403
1,547,858
90,498
482,909
1,966,068
47,568
3,505,090
33,691
646,316
186,901
283,553
2,009,785
269,063
1,582,002
158,720
446,995
1,979,695
50,333
-.7
-2.0
1.4
3.1
1.4
-3.2
13.9
-2.2
-43.0
8.0
-.7
-5.5
27,370
1,501
14,942
6,935
4,363
87,062
17,061
65,439
4,563
5,294
23,256
533
27,816
1,005
15,719
6,726
4,045
92,390
19,084
66,167
7,139
4,407
23,481
616
-1.6
49.4
-5.0
3.1
7.9
-5.8
-10.6
-1.1
-36.1
20.1
-1.0
-13.5
2,998
2103
1,898
645
540
5,455
1,306
3,869
280
1,517
8,060
57
2,914
H
1,980
627
554
5,782
1,169
4,122
491
1,505
8,084
77
2.9
-4.1
3.0
-2.5
-5.7
11.7
-6.1
-43.0
.8
-.3
-26.1
*See paragraph on Explanation of Terms for brief description of "Net profit."
2Net loss exceeds net profit. Percent not applicable.
NOTE: Amounts are rounded and may not add to total. Percentages in columns (6) Bnd (9) are computed on values to nearest thousand dollars.
U. S. BUSINESS TAX RETURNS, JULY I960- JUNE 1961
Table C— ACTIVE PARTNERSHIPS: NUMBER, BUSINESS RECEIPTS, AND NET PROFIT, BY INDUSTRIAL DIVISION, 1960-61 AND 1959-60
Industrial divisions
Numb' r of businesses
Percent
increase or
decrease (-)
Business receipts
1960-61
(Million
(U.tii.
dnlla,
Percent
increase or
decrease (-)
Net profit (less loss)1
1960-61
(Million
dollars)
1959-60
(Hi 1 1 ion
dollars)
Percent
increase or
decrease (-)
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
m
All industrial divisions.
MO, 5.:.C
949, 396
-1.0
72,771
77,047
-5.6
8,360
Agriculture, forestry, end fisheries
Mining
Construction
Manufacturing
Transportation, communication, and sanitary services.
Wholesale and retail trade
Wholesale trade
Reta il trade
Wholesale end retail trade not allocable
Finance, insurance, and real estate
Serv ices
Nature of business not allocable
136,306
15,697
62,451
47, 183
17,638
291,053
40,572
238,451
12,030
202,1 3C
159,360
8,242
141,715
13,301
67,130
47,869
17,623
303,822
50,456
241,170
12,196
185,173
160,498
12,265
-3.8
18.0
-7.0
-1.4
.1
-4.2
-19.6
-1.1
4,352
1,007
6,584
7,372
1,000
39,003
12,712
24,787
1,504
4,031
9,281
141
4,307
957
7,788
7,703
1,106
41,660
14,565
24,882
2,213
4,217
9,044
265
1.0
5.2
-15.5
-4.3
-9.6
-6.4
-12.7
4.6
2.6
-46.7
555
243
638
602
129
2,290
587
1,612
92
1,092
3,056
589
26
713
650
132
2,529
701
1,692
137
1,201
2,964
(')
-10.5
-7.4
-2.8
-9.5
-16.3
-4.7
-33.0
-9.1
3.1
1See paragraph on Explanation of Terms for brief description of "Net profit."
2Net loss exceeds net profit. Percent not applicable.
NOTE: Amounts are rounded and may not add to total. Percentages in columns (6) and (9) are computed on values to nearest thousand dollars.
Table D.— ACTIVE CORPORATION RETURNS: NUMBER, BUSINESS RECEIPTS, AND NET INCOME, BY INDUSTRIAL DIVISION, 1960-61 AND 1959-60
Industrial divisions
Number of active corporation returns
Percent
increase or
decrease (-)
Business receipts
1960-61
(Million
dollars)
1959-60
(Million
Percent
increase or
decrease (-)
Net income (less deficit)1
(Mi 1 1 ion
dollars)
Percent
increase or
decrease (-)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
All industrial divisions.
1,1/40,574
802,791
772,915
3.9
43,505
46,797
-7.0
Agriculture, forestry, and fisheries
Mining
Construction
Manufacturing
Transportation, communication, electric, gas, and sanitary
services
Wholesale and retail trade
Wholesale trade
Reteil trade
Wholesale and retail trade not allocable.
Finance, insurance, and real estate
Serv ices
NBture of business not allocable
17,139
13,017
72 , 33i
165,862
43,852
355,623
117,437
217,269
20,917
334,388
121,024
17,337
15,603
12,920
..
156,298
43,195
334,717
109,648
199,624
25,445
318,592
110,005
16,531
9.2
6.1
1.5
6.2
7.1
8.8
-17.8
5.0
10.0
4.9
4,215
10,408
32,362
364,612
64,132
265,363
130,637
125,787
8,939
39,477
22,106
116
3,677
9,897
31,682
356,973
60,609
252,868
124,124
118,156
10,587
36,062
20,954
194
14.6
5.2
2.1
2.1
5.8
4.9
5.2
6.5
-15.6
9.5
5.5
-40.2
37
739
379
22,145
6,592
»,526
2,130
2,225
171
8,250
849
1 13
106
646
579
24,985
6,791
5,567
2,563
2,763
241
7,153
968
2
-65.1
14.4
-34.5
-11.4
-2.9
-18.7
-16.9
-19.5
-29.1
15.3
-12.3
n
*See paragraph on Explanation of Terms for brief description of "Net income."
2Net income exceeds net deficit. Percent not applicable.
NOTE: Amounts are rounded and may not add to total. Percentages in columns (6) and (9) are computed on values to nearest thousand dollars.
Chart 1.
-NUMBER AND BUSINESS RECEIPTS FOR SOLE PROPRIETORSHIPS,
PARTNERSHIPS AND CORPORATIONS, 1960-61
DUMBER OF BUSINESSES
(Million,)
BUSINESS RECEIPTS
(Billions of dollars)
10
8
6
«
2
0
200 100 600
800
1 1 1 1 1
1 1 1
1
Sole Proprietorships
Active Partnerships
Active Corporations
the declines reported for sole proprietorships and
partnerships. The number of active corporations has
been increasing since 1953, as had the number of
sole proprietorships until 1959-60. The number of
partnerships, on the other hand, has been declining
since 1957-58. Table A provides a comparison for
1959-60 and 1960-61 of national totals for the
number of businesses, as well as receipts, profits,
and depreciation, reported by the three types of
business organizations. Tables B, C, and D show
these summary data by industrial division for each
type of organization.
Chart Z —NUMBER OF BUSINESSES: PERCENTAGE BY
INDUSTRIAL DIVISION, 1960-61
(All industrial
di visions=l00%)
Agriculture, forestry, r\ 38. 3%
and fisheries V
Manufacturing \\~
Wholesale and
retail trade
Finance, insurance, rS.
and real estate 1/
4-*
11.5%
5.0%
a '-2.I*
...
5.3%
Al 1 other divi sions
21.5*
1.5%
B30.9%J
It. 5%
29.3%
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table E.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS:
OF BUSINESSES BY INDUSTRIAL DIVISION, 1960-61
Industrial division
All industrial divisions....
Agriculture, forestry, and
fisheries
Mining
Construction
Manufacturing
Transportation, communication,
and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Wholesale and retail trade not
allocable
Finance, insurance, and real
estate
Services
Nature of business not allocable
Total
number of
businesses
en
11,171.119
10,030,5*5
3,633,640
61,750
789,938
•405,679
349,151
2,591,435
464,412
2,003,578
1,019,927
2,246,452
73,147
Unincorporated businesses
(2)
3,616,501
48,733
717,606
239,817
305,299
2,235,812
346,975
1,786,309
685,539
2,125,428
55,810
Sole pro-
prietor-
ships
(3)
3,480,195
33,036
655,155
192,634
287,661
1,944,759
306,403
1,547,858
90,498
482,909
1,966,068
47,568
Partner-
ships
(4)
136,306
15,697
62,451
47, 183
17,638
291,053
40,572
238,451
12,030
202,630
159,360
8,242
Corpora-
tions
(5)
1,140,574
17,139
13,017
72,332
165,862
43,652
355,623
117,437
217,269
20,917
334,388
121,024
17,337
Table F.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS:
BUSINESS RECEIPTS BY INDUSTRIAL DIVISION, 1960-61
Industrial division
All industrial divisions.
Agriculture, forestry and fisheries
Mining
Construction
Manufacturing
Transportation, communication, and
sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Wholesale and retail trade not
allocable ,
Finance, insurance, and real estate.
Services
Nature of business not allocable. . . .
Total
business
receipts
(i)
Unincorporated businesses
(2)
Sole pro-
prietor-
ships
(3)
Partner-
ships
(4)
Corpora-
tions
(5)
(Billion dollar,)
1,046,819
35,937
12,916
53, 888
378,919
69,495
391,428
160, 410
216, 013
15,006
48,802
54,643
790
244,028
31,722
2,508
21, 526
14,307
5,363
126, 065
29,773
90, 226
9,325
32, 537
674
171, 257
27, 370
1,501
14, 942
6,935
4,363
87,062
17,061
65, 439
4,563
5,294
23,256
533
72,771
4,352
l,0O7
6,584
7,372
1,000
39, 003
12,712
24,787
1,504
4,031
9,281
141
802,791
4,215
10,408
32,362
364,612
64,132
265, 363
130,637
125,787
39,477
22,106
116
NOTE: Amounts are rounded and may not add to totals.
BUSINESS RECEIPTS
During 1960-61, business receipts, which repre-
sented payments received mainly from the sale of
products and services, amounted to $1,046,819,000,000,
which is $21,000,000,000 more than in 1959-60. Un-
incorporated business receipts approximated $244,-
000,000,000 and receipts of corporations, $803,000,-
000,000. Receipts of the three forms of business
organizations are summarized by industrial division
in table F.
Where receipts from rents, interest, dividends or
other investment income are substantial in amount,
as they are for corporations engaged primarily in
financial activities, "total compiled receipts"
provides another measure of gross payments. This
measure is included in the basic tables in the cor-
poration section of this report, and is defined
more fully in the "Explanation of Terms."
PROFITS
Net profit reported by the three forms of busi-
ness organization was $73,000,000,000 in 1960-61,
a decrease of approximately $4,000,000,000 from
1959-60. As indicated in table G, which shows the
net profit distribution for each form of business
Table G.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS:
PROFIT (LESS LOSS) BY INDUSTRIAL DIVISION, 1960-61
Industrial division
Total
net profit
[less loss)
All industrial divisions ■
forestry, and fisheries.
Agriculture
Mining
Construction
Manufacturing
Transportation, communication,
sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Wholesale and retail trade not al-
locable .'
Finance, insurance, and real estate.
Services
Nature of business not allocable....
(1)
Unincorporated businesses
(2)
Sole
proprie-
torships
(3)
Part-
nerships
(4)
Corpo-
rations
(5)
72,932
3,590
593
2,915
23,397
7,261
12,271
4,023
7,706
543
10,860
11,965
86
29,427
3,553
^46
2,536
1,247
669
7,745
1,893
5,481
372
2,610
11,116
99
21,067
2,998
'103
1,898
645
540
5,455
1,306
3,869
280
1,517
8,060
57
555
*43
638
602
2,290
587
1,612
92
1,092
3,056
42
43,505
37
739
379
22,145
6,592
4,526
2,130
2,225
171
8,250
849
>13
xNet loss exceeds net profit .
NOTE: Amounts are rounded and may not add to totals. Net profits for the three
forms of business organization are not strictly comparable . See Explanation of Term
"Net Profit (or deficit) and Net Profit (or loss) ."
by industrial division, Service and Trade accounted
for relatively more net profit than other industrial
divisions in the unincorporated area while in the
corporate area profits for Manufacturing predom-
inated. Net profits of less than $5,000 were
reported by nearly two-thirds of the sole proprie-
torships, approximately one-fourth of the corpora-
tions, and one-third of the partnerships.
Table H.— SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS:
DEPRECIATION BY INDUSTRIAL DIVISION, 1960-61
Industrial division
All industrisl divisions.
Agriculture, forestry, and fisheries.
Mining
Construction
Manufacturing
Transportation, communication, and
sanitary services
Wholessle and retail trade
Wholesale trade
Retail trade
Wholesale snd retail trade not al-
locable
Finance, insurance, and real estate..
Services
Nsture of business not allocsble
Total
depreci-
ation
(1)
Unincorporated businesses
(2)
Sole
proprie-
torships
(3)
Part-
nerships
(4)
Corpo-
rations
(5)
31,341
3,646
957
1,252
10,243
5,744
3,825
1,052
2,559
2,70-7
2,939
28
9,181
3,468
237
625
404
498
1,700
350
1,239
720
1,506
23
7,097
3,137
134
457
237
422
1,294
255
947
93
246
1,151
19
331
103
168
167
406
95
292
474
355
22,160
178
720
627
9,839
5,246
2,125
702
1,320
103
1,987
1,433
5
NOTE: Amounts are rounded and may not add to totals.
DEPRECIATION
Depreciation claimed by businesses for 1960-61
amounted to $31,341,000,000 — $1,830,000,000 more
than in 1959-60. Corporations claimed $22,160,000,-
000 or approximately two-thirds of the total for
all businesses; sole proprietorships, $7,097,000,-
000; and partnerships, $2,084,000,000.
Text table H contains summary data on depreciation
by industrial division for each type of business
organization. Text tables I and J summarize addi-
tional first-year depreciation allowances claimed
by sole proprietorships classified by size of net
profit and size of deduction claimed. Similar data
for partnerships are shown by selected industries
in tables 20 and 21.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table I . —SOLE PROPRIETORSHIPS WITH ADDITIONAL FIRST-YEAR DEPRECIATION:
NUMBER OF BUSINESSES AND AMOUNT OF ADDITIONAL FIRST-YEAR DEPRECIATION
BY SIZE OF DEDUCTION CLAIMED
Size of deduction
Total
Under $50
$50 under $100
$100 under $250
$250 under $500
$500 under $1,000..
$1,000 under $1,500
$1,500 under $2,000
$2,000 under $3,000
$3,000 under $4,000
$4,000 or more
Businesses with additional
first-year depreciation
Number of
Amount
businesses
(Thousand
dollara)
53,933
36,565
5,270
150
5,977
449
10,937
1,773
10,051
3,697
10,625
7,472
3,822
4,500
3,159
5,444
1,758
4,098
1,905
6,918
429
2,064
farming and other income such as dividends, interest,
rents and pensions. The figure is reduced by any
losses from business or farming and excludes amounts
received under wage continuation plans for personal
injuries or sickness.
Advertising
This deduction for promotional activities, directed
toward the sale of goods and services in the course
of the business activity, is separately identified
on the corporation income tax form. The statistics
for this deduction for corporations also include
amounts reported as a cost of sales or of operations.
Table J. —SOLE PROPRIETORSHIPS WITH ADDITIONAL FIRST-YEAR DEPRECIATION:
NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT AND DEPRECIATION,
BY SIZE OF NET PROFIT
Number of
businesses
Business
receipts
(Thailand
dollar*)
Net profit
(or loss)
(Thousand
dollara)
Depreciation
Size of net profit
Total
(Thousand
dollars)
Additional
first-year
allowances
( Thousand
dollara)
(1)
(2)
(3)
14)
(5)
Businesses with and with-
out net profit, total....
53,933
2,594,226
278,293
134,143
36,565
Businesses with net profit,
42,860
6,998
5,658
5,933
4,190
3,922
2,479
1,777
1,485
947
778
1,618
1,897
1,732
1,074
1,895
440
37
11,073
2,466,250
92,344
134,135
121,998
92,647
191,494
92,591
125,597
73,224
53,679
37,844
133,400
286,350
334,445
174,325
368,685
116,282
37,200
127,976
304,979
3,364
8,466
14,685
14,717
17,706
13,721
11,458
11,115
8,065
7,360
17,830
25,362
30,107
23,957
63,111
28,870
5,085
26,686
110,807
10,467
8,845
10,938
9,113
7,517
6,428
6,109
4,663
2,693
2,079
6,170
7,080
8,988
4,603
9,852
4,593
669
23,336
27,658
3,601
2,563
3,547
2,633
1,901
1,730
$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
551
1,387
1,657
1,771
980
1,615
491
68
Businesses without net profit.
8,907
EXPLANATION OF TERMS
Wherever different terms are used on return forms
and schedules to describe items similar in nature,
a common term is used in this report to denote
these items. One such term is "business receipts"
which applies to "total receipts" on the business
schedule for Form 1040, "gross receipts" on the
partnership Form 1065, and "gross sales" and "gross
receipts" on the corporation Form 1120. Another is
"net profit" for sole proprietorships and partner-
ships, and "net income" for corporations, which,
though treated as comparable for purposes of this
report, are hot precisely so.
Accounts payable
These data are short-term liabilities, consisting
primarily of obligations created by the purchase of
merchandise, supplies, or services.
Adjusted gross income
This is the total income from all sources re-
ported by individuals filing Form 10-40. It includes
gross salaries and wages, profits from business or
Amortization
Amortization consists of the following deduc-
tions: (1) deductions that taxpayers have elected
to take under a 5-year writeoff program, in lieu
of depreciation deductions, for the wear, tear, and
obsolescence of Government-certified national de-
fense emergency facilities and grain-storage facil-
ities; and (2) deferred expense deductions that
taxpayers have elected to take, in lieu of deducting
the entire expenditure in one year, for certain
research and experimental expenditures, trademark
and trade name expenditures, and certain mineral
exploration and development expenditures . Corporate
amortization also includes deferred expense deduc-
tions that corporations have elected to take for
corporate organization expenditures. Prior to the
Internal Revenue Code of 1954, amortization under
the 1939 Code pertained only to the writeoff of
emergency and grain-storage facilities.
Amounts contributed under other employee benefit
plans
These expenses, excluding pension plans within
the purview of section 404 of the 1954 Code, consist
of employer contributions to insurance plans, non-
insured death benefit plans, and health, accident,
and other welfare benefits deductible under section
162, and are separately identified on the corpora-
tion income tax form. The statistics for these
contributions for corporations include any amount
reported as a cost of sales or operations by the
taxpayer
Amounts contributed under pension plans
This figure which is separately identified on the
corporation income tax form, consists of employer
contributions deductible under section 404 of the
Code. Pension plans include pension, annuity, stock
bonus, profit sharing, or other deferred conpensa-
tion plans. The statistics for these contributions
for corporations also include amounts reported as a
cost of sales or operations by the taxpayer.
Bad debts
Bad debts may be deducted when there is reasonable
certainty that they are uncollectible, or a reason-
able deduction may be taken through an addition to
a reserve for bad debts. Taxpayers may elect either
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
method. Once elected, however, the approval of the
Commissioner of Internal Revenue is necessary to
effect a change. A debt which is deducted as un-
collectible, if subsequently collected, must be
reported as income for the year in which collected.
Business receipts
Business receipts include the total receipts from
sales and services less allowances, rebates, and
returns, but exclude nonoperating investment income.
Capital gain (or loss)
A capital gain ( or loss) arises from the sale of
capital assets which are defined to include all
property held except: ( l) Property properly in-
cluded in inventory, or held primarily for sale in
the ordinary course of trade or business; (2) de-
preciable and real property used in trade or
business; (3) accounts and notes receivable acquired
in the course of trade or business for services
rendered or from sale of property (included in item
(l) above); (4) any nonforeign government obliga-
tions issued on or after March 1, 194-1, on a dis-
count basis and payable without interest at a fixed
maturity date not exceeding one year from date of
issue; and (5) certain copyrights, literary, musical
or artistic compositions or similar properties.
Net capital gain may also arise, under certain cir-
cumstances, from the sale or exchange of property
used in trade or business according to provisions
of section 1231 . Net losses resulting from such
transactions are to be treated as ordinary losses.
The same reasoning applies to property which under-
goes an involuntary conversion. Casualty losses on
uninsured property or capital assets are excluded
in determining gain or loss from involuntary con-
versions, i.e., these losses are ordinary losses,
and do not have to be netted against gains under
section 1231 .
Losses from the sale or exchange of capital
assets in the taxable year are allowed in the case
of corporations only to the extent of capital gains
in that year, and in the case of other taxpayers,
to the extent of capital gains plus taxable income
or $1,000 whichever is smaller for the year. The
unallowed excess of capital losses over capital
gains, however, may be carried forward to the next
five years to offset any net capital gains . Capi-
tal gains and losses are considered long-term if
the capital assets were held for more than six
months prior to their sale . Short-term capital
gains or losses result from the sale (or exchange)
of capital assets held six months or less . Both
short-term and long-term losses are deductible from
long-term gains when computing the alternative tax
(Code section 1201).
Capital stock
Common and preferred capital stock comprise the
issued shares of ownership in the corporation. If
capital stock shown on the balance sheet could not
be identified as common or preferred, it was in-
cluded with common stock. Since the Form 1120-S
returns did not require identification as to type
of capital stock, the entire amount was treated as
common stock in this report for the summary tables
for all types of corporation returns.
Cash
This asset account includes such items as bank
deposits, checks, deposits in or shares of building
and loan associations and savings accounts.
Casualty loss
A casualty loss is a deduction for loss due to a
sudden, unusual, or unexpected cause. The amount
of loss deductible is limited to the difference
between the value of the property immediately prior
to the casualty and the value of the property
immediately after the casualty — the difference being
reduced by the insurance coverage which may have
been in effect.
Charitable contributions or gift deductions
These are allowed on corporation returns but sole
proprietorships and partnerships are not permitted
to take them as a business deduction. However, in-
dividuals are allowed this deduction on the Form
1040.
For corporations, deductions for charitable con-
tributions are limited by law to five percent of
the net income (before this deduction) . The deduc-
tion may include a carryover of excess contributions
from the two preceding years. No contributions or
gifts are reported for tax purposes by mutual
insurance companies since, by law, they report only
investment expenses.
Compensation of officers
The compensation paid to officers of corporations
includes amounts reported in the income statement of
the return or identified in supporting schedules
for salaries and wages, directors' fees, stock,
bonuses, or bonds paid to officers for personal
services rendered. On many returns, officers ' com-
pensation was combined with certain other deduc-
tions and could not be identified separately.
Compiled net profit or loss
For corporations, compiled net profit or loss, be-
fore income tax, is shown as the difference between
total compiled receipts, including wholly tax-exempt
interest, and total compiled deductions. While net
profit takes tax-exempt interest into account, net
income as used in this report does not, and is
defined as the difference between total taxable
receipts and total compiled deductions. Total com-
piled deductions is the sum of the ordinary and
necessary business expenses recognized for tax
purposes, plus cost of sales and operations and net
loss from sales of other than capital assets.
Cost of goods sold
This amount is derived from costs most directly
connected with the primary operation of the busi-
ness. It is computed by adding to the opening
inventory, the value of merchandise purchased, labor,
material and supply costs and deducting from the
total the end-of-year inventory. For corporations
8
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
this amount excludes any identifiable amounts of
taxes paid, depreciation, depletion, amortization,
advertising, and contributions under pension plans.
When identified in cost schedules, these items were
transferred to their respective deduction catego-
ries.
Depletable assets
This figure represents, in general, the gross
value of mineral property, oil and gas wells, other
natural deposits, standing timber, and also leases
and leaseholds, subject to depletion. Accumulated
depletion, shown as an adjustment to depletable
assets, represents the cumulative decrease in asset
value as of the end of the year.
Depletion
The Internal Revenue Code authorizes a deduction
from income for depletion of a wasting asset such
as a mineral deposit, or a stand of timber, to
recover its cost. Owners, operating or not, lessors,
or taxpayers holding fractional or overriding roy-
alty interest may claim this deduction. There are
two basic types of depletion, cost and percentage;
no distinction between them is made for this re-
port. The cost method is based on the relationship
between the value of the wasting asset "taken out"
and the estimated number of units in the deposit.
Percentage depletion, which is not applicable to
timber, is computed as a percentage of the net
income or profit, or on receipts, whichever is
smaller. Percentage depletion ordinarily permits
recovery of much more than cost. Percentages vary
with type of deposit, and are set forth in the
Internal Revenue Code.
The depletion allowance is applicable only to
income from the extractive process, e.g., no deple-
tion is allowable on the proceeds of the sale of a
coal mine.
Depreciable assets
This figure as reported by partnerships and cor-
porations, on the end-of-year balance sheet is, in
general, the gross amount of buildings and other
fixed depreciable assets. Depreciable property is
generally defined as tangible assets, such as plant
and equipment having a useful life of more than one
year. Included are assets certified as emergency
facilities which are eligible for amortization. In
some instances, the reported amount includes fully
depreciated or fully amortized assets, and assets
for which no depreciation deduction has been taken,
such as assets under construction.
Depreciation
Depreciation is a deduction of a reasonable
allowance for the exhaustion, or wear and tear of
property used in a trade or business, or of property
held for the production of income. This deduction
is computed by a number of methods, including
accelerated depreciation methods allowed by the
1954 Code for depreciating tangible property ac-
quired after December 31, 1953, and the additional
first-year depreciation allowance taken on property
purchased after December 31, 1957.
Dividends received deduction
A dividends received deduction is permitted most
corporations for dividends from corporations which
are themselves subject to the corporation income
tax. The allowable deduction generally is 85 per-
cent of dividends received from domestic corpora-
tions subject to income tax and approximately 62
percent of dividends on certain eligible preferred
stock of public utilities issued before October 1,
1942. See the provisions of Internal Revenue Code
sections 243, 244, and 247.
Form 1120-S, small business return of income
This form is filed by corporations electing under
subchapter S, Chapter 1 of the Internal Revenue
Code, to be taxed at the shareholders level. In
order to qualify for this election a corporation
must:
1. Be a domestic corporation with no more than
ten shareholders.
2. Be owned entirely by shareholders who are
individuals (or estates), and are not nonresident
aliens.
3. Have only one class of stock.
4. Not be a member of an affiliated group eligible
to file a consolidated return.
5. Not receive more than 20 percent of its gross
receipts from personal holding company income (rents,
royalties, dividends, interest, annuities, and gains
from sales or exchanges of stock or securities) .
6. Not receive more than 80 percent of its gross
receipts from sources outside the United States.
The provisions of subchapter S were effective for
taxable years beginning after December 31, 1957.
Gross profit
Gross profit is shown only for partnerships in
this report and is computed as business receipts
less cost of goods sold.
Industrial classifications
Industrial classifications as used in Statistics
of Income conform to the 1957 edition of the Standard
Industrial Classification Manual developed by the
Office of Statistical Standards, Bureau of the
Budget, Executive Office of the President.
The Standard Industrial Classification has been
applied on a legal entity or ownership basis for
the Srarisrics of Income series. The definitions
in the Standard Industrial Classification were
used. Certain combinations were appropriate since
the Standard Industrial Classification contains
more than 900 industries. For this report, these
are combined to form 90 industrial groups for sole
proprietorships and partnerships and 60 for corpo-
rations. The industry classifications for unincor-
porated business are more detailed in the Trade and
Services industries. Corporation classifications
provide greater detail in Manufacturing industries.
U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
9
Each return or schedule is classified according
to the business activity accounting for the largest
percentage of receipts. For example, although a
corporation or partnership may have numerous activ-
ities, the return is classified in the single
activity which meets the above criterion. Each sole
proprietorship, however, is classified separately
according to each business schedule, except that
two or more schedules filed for separate businesses
within the same industry, are combined and counted
as one business.
Intangible assets
These assets consist of licenses, franchises,
patents, copyrights, contracts, and similar assets
having a limited useful life. Other intangible
assets not having a determined useful life are
included in other assets.
Inventories
Inventories are goods on hand held for sale, raw
materials, or supplies which will physically become
a part of merchandise intended for sale. The main
types are: Merchandise or stock in trade, raw
materials, work in process, finished products and
growing crops reported as assets by agricultural
concerns.
Net profit (or loss)
For sole proprietorships, net profit ( or loss)
represents the owner's entire return from the
business. For partnerships, it is the difference
between total receipts and the ordinary and neces-
sary business deductions. However, capital gains
or losses, contributions, certain dividend and in-
terest income, and other income items specified by
the tax laws or regulations are not included in the
partnership profit. In these cases, partners allo-
cate their distributive share to the proper item on
their individual income tax returns.
Nonqualifying dividends
In this report, the term nonqualifying dividends
applies to partnerships only. These are taxable
dividends included in total receipts for which the
individual partner is not entitled to a separate
exclusion or credit.
Notes and accounts receivable
In general, these are the gross amounts arising
from sales or services to customers on credit
during the ordinary course of business, which are
normally converted into cash within the current
year.
Investments, government obligations
This asset item on the corporation balance sheet
comprises bonds or other obligations of a State,
Territory, or United States possession, including
obligations of political subdivisions and of the
District of Columbia. United States obligations
include those of instrumentalities of the Federal
Government.
Net income (or deficit)
On corporation returns, net income (or deficit)
is the difference between the gross income subject
to tax and the ordinary and necessary business
deductions allowed by the Internal Revenue Code.
Net income is not the same as income subject to
tax. Most of the difference results from certain
statutory deductions used in computing taxable but
not net income. These special statutory deductions
include the net operating loss deduction, deductions
for dividends received, the deduction for certain
dividends paid by public utilities, the deduction
allowed Western Hemisphere trade corporations, and
the deduction allowed regulated investment com-
panies for dividends paid.
Net operating loss deduction
A net operating loss sustained during the taxable
year may be used by most corporations as a deduction
against prior business income and any loss still
unabsorbed, as a deduction from succeeding years'
income. The loss arises when allowable deductions
exceed gross income, with certain adjustments. See
Internal Revenue Code sections 172, 381, and 382.
Number of business organizations
Number of business organizations as used in
Statistics of Income reports represents the number
of businesses operated as sole proprietorships by
individuals, the number of active partnerships, and
the number of active corporation returns.
Other assets
These include all assets not reported separately
on the return forms such as: sinking funds, other
funds, deferred charges, suspense items, interest
and coupons receivable. In addition to the above,
other assets of life insurance companies include
market value of real estate and bonds and stocks in
excess of book value; premiums due, and agents '
balances. Also, other assets of banks include assets
held in trust if included in the banks' assets.
Repairs
This deduction includes costs of labor and sup-
plies, and other costs necessary for incidental
repairs to the property. It does not include capi-
tal expenditures which add to the property value,
improvements which appreciably prolong its life,
or expenditures for restoring or replacing property.
Royalties
For partnerships and corporations this income
consists of gross amounts received for the use of
property and the exhaustion of the value of prop-
erty. Included are earnings such as copyrights,
patents, trademarks, and natural resources under
10
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
lease such as timber, mineral mines, and oil wells.
Where royalties cannot be distinguished from rents
on the return forms, the combined amount was in-
cluded in "other receipts. "
Taxes paid (or accrued)
State and local taxes paid or accrued on business
property or incurred in conducting business are
allowable deductions. Also included in the amounts
shown are Federal import and excise duties and
taxes. Excluded, however, are: ( l) Federal income
and excess profits taxes; (2) estate, inheritance,
legacy, succession, and gift taxes; (3) income and
profits taxes paid to a foreign country or posses-
sion of the United States if any portion were
claimed as a tax paid on tax-free covenant bonds;
and (4) unidentifiable amounts of taxes reported in
cost of sales and operations.
Total assets
Total assets for corporation returns are derived
from end-of-year balance sheet schedules. The clas-
sification of returns with "zero assets" is re-
stricted to ( l) returns of liquidating or dissolving
corporations which have disposed of all assets and
are filing final income tax returns, (2) merging
corporations whose assets have been included in the
returns of the acquiring corporations, and (3) for-
eign corporations doing business in the United
States unless they are foreign insurance companies
providing balance sheet information for United
States branches.
Balance sheet statistics include estimates of
assets and liabilities for the small number of
companies which failed to report them. These esti-
mates are based on assets and liabilities data on
returns of comparable corporations.
Total compiled receipts
Total compiled receipts on corporation returns
are gross taxable receipts before deduction of cost
of goods sold, cost of operations, and net loss from
sales of property other than capital assets. The
figure also includes nontaxable interest, but ex-
cludes all other nontaxable income recognized by
the corporation.
Total deductions
Total deductions, in this report, are the ordinary
and necessary business deductions permitted by the
Internal Revenue Code and reported as such by
business.
Surplus reserves
This account comprises retained earnings set
aside for corporations for specific purposes and
not available for distribution to stockholders.
Included were guaranty funds and reserves such as
for plant expansion, bond retirements, and contin-
gencies for extraordinary losses. Specifically ex-
cluded were the reserves for bad debts, depreciation,
depletion, and amortization, which are shown sepa-
rately, and reserves for taxes, and unrealized
profits or unearned income, which were includible in
"other liabilities" or "other current liabilities."
Total receipts
For sole proprietorships this figure represents
sales and services, less allowances, rebates and
returns. 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. In this report total receipts
for sole proprietorships are termed "business re-
ceipts. " For partnerships, these are the sum of
business receipts and such income items as interest,
rents, nonqualifying dividends and other income.
On corporation returns "total compiled receipts"
are the sum of all items of receipts.
SOURCES OF THE DATA
Returns and Schedules Used
Sole proprietorships. — Data in these tables re-
late to businesses and professions carried on by
individuals reporting on the business schedule C,
the farm schedule F, or the taxpayer's equivalent
schedule attached to return Form 10<+0 for the
income year 1960-61. The accounting period ran
primarily from January 1 to December 31, 1960, with
some noncalendar year exceptions. 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 $400 or more.
Active partnerships. — A partnership is not taxed
as a legal entity, but an information return Form
1065, must be filed. Each partner is taxed, how-
ever, on his distributive share of the total part-
nership income, whether or not the distribution has
actually been made. As defined in the Internal
Revenue Code, a partnership can be a syndicate,
joint venture, pool, or other unincorporated busi-
ness organization which carries on any business or
venture and which is not, within the meaning of the
Internal Revenue Code, a trust, estate, or corpora-
tion.
Active corporation returns. — Domestic and resi-
dent foreign corporations, except charitable and
other civic and business organizations 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. Corporation data were ob-
tained from returns in the Form 1120 series, i.e.,
1120, 1120-F (resident), 1120L, 1120M, and 1120-S,
filed by active nonexempt corporations. The number
of such returns differs from the total number of
corporations in existence for two reasons: first,
inactive corporations are not included in the
figures in this report, and second, the effects of
the consolidated filing privilege. The Internal
Revenue Code permits affiliated groups of corpora-
tions to file one consolidated return, combining
all income, expenses, and balance sheet data on that
return. For 1960-61, 16, 547 subsidiaries were re-
ported on 4, 534 returns filed by parent corporations.
No attempt is made in this report to determine in-
come and expense components of subsidiaries.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
11
DESCRIPTION OF THE SAMPLE AND LIMITATIONS
OF THE DATA
Description of the Sample
The data presented in this report are based on a
systematic stratified sample of unaudited returns
and schedules filed for the income year 1960-61,
covering accounting periods ended July 1960 through
June 1961.
Uniform methods of classifying returns were pre-
scribed in each of the 62 district offices and the
Office of International Operations in Washington,
D. C, to facilitate the administrative processing
of returns for collection and audit purposes . A
map showing the location of the Internal Revenue
District Offices follows the statistical tables in
this section. The sample design was adapted to fit
the regular numbering and grouping procedures used
by the Service.
Returns of individuals were classified by presence
or absence of business income, size of adjusted
gross income, and taxpayment status. Partnership
returns were classified by size of gross receipts or
total income. Returns of corporations were classi-
fied by type of return, size of total assets, taxable
and nontaxable status, and taxpayment status.
Only statistics from active partnerships and
corporations are included in these tables . An
active partnership or corporation, 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 were excluded from the tables but in-
cluded in the count of the total number of returns .
Inactive partnership returns numbered less than one
and a half percent of the partnership returns and
inactive corporations numbered less than four per-
cent of the corporation returns . Excluded from the
tables and not counted in the totals were tentative
returns, amended returns not associated with the
original return, returns in the Form 990 series
filed by exempt organizations, and returns filed by
partnerships and sole proprietorships electing to
be taxed as corporations under section 1361 of the
Code.
Sole proprietorships
The total sample, based on individual returns with
business income, consisted of 162,068 returns. This
constitutes about one and one-half percent of the
estimated total number of 10, 464-, 451 individual in-
come tax returns with schedules C or F or the tax-
payer's own equivalent schedules filed.
Individual returns with business income which
showed adjusted gross income of $150,000 or more
were selected at a one-to-one ratio. Various sample
ratios were prescribed for the other returns in-
cluded in the sample.
Adjustments were made principally to exclude (1)
schedules C or F filed by partners for the sole
purpose of reporting self-employment income, (2)
schedules C or F in which Statistics of Income
business activity definitions were not met, (3)
nonbusiness returns included in the business sample.
These adjustments reduced to 9,089,985 the number
of sole proprietorships shown in this publication.
The data for sole proprietorships do not include
returns of fiduciaries reporting trade on business
income on Form 1041. The most recent published
information in Statistics of Income — 1958, Fiduci-
ary, Gift, and Estate Tax Returns shows some 26,000
returns of trusts. or estates with gross profit (less
loss) of $352,000,000 from trade or business.
Table K shows the number of returns filed, the num-
ber of returns in the sample, and the prescribed
and achieved sampling rates.
Partnerships
About one million partnership returns were filed
for income year 1-960-61. This estimate is based on
the number of returns filed during calendar 1961,
and allows for delinquent filing of partnership
returns. An adjustment for duplicate partnership
returns, sometimes filed by more than one partner,
reduced the total number to 951,866 active and
inactive partnership returns. The data shown in
this report are for the estimated 940,560 active
partnerships .
Returns were stratified for sampling purposes
into "small," "medium," and "large" classes, based
on the amount of business receipts or total income.
Table K.— SOLE PROPRIETORSHIPS: NUMBER OF FORMS 1040 AND
RATES,
L040W FILE!
BY SAMPLE
, NUMBER OF RETURNS IN SAMPLE, AND THE PRESCRIBED AND
STRATUM, 1960-61
ACHIEVED SAMPLING
Number of returns
Sampling rates
Sample stratum
Filed
In sample
Prescribed
Achieved
Total
Nonbusiness
Business
Total
Nonbusiness
Business
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
42,322,273
31,857,822
10,464,451
379,989
217,921
162,068
-
Adjusted gross income:
Under $10,000:
27,963,803
8,743,158
3,730,622
1,377,713
53,637
53,734
5,300
5,086
j 389,039
j 181
27,745,470
57,910
3,711,891
8,913
52,654
646
5,176
47
275,020
95
218,333
8,685,248
18,731
1,368,800
983
53,088
124
5,039
114,019
86
84,403
87,048
110,336
40,194
15,531
28,075
5,300
5,086
3,835
181
83,744
576
109,782
264
15,246
280
5,176
47
2,711
95
659
86,472
554
39,930
285
27,795
124
5,039
1,124
86
1/333
1/100
1/33
1/33
10/33
10/20
1/1
1/1
1/100
1/1
1/331
1/100
1/34
1/34
10/35
10/19
1/1
1/1
$10,000 under $50,000:
$50,000 under $150,000:
$150,000 or more:
Prior year delinquent, adjusted gross income:
Under $50,000:
1/101
$50,000 or more:
1/1
691-248 O - 63
12
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
After the sample was received in the Statistics
Division, the "large" group, consisting of returns
with business receipts or total income of $500,000
or more, was subdivided into two parts: (a) returns
with business receipts, total income, and total
assets each less than $5,000,000 and (b) returns
that had at least one of these three measures equal
toorgreater than $5,000,000. For control purposes,
partnerships in the "$5,000,000 or more" class were
controlled by name. The number of returns filed,
the number of partnership returns in the sample, and
the sampling rate for each stratum are shown in
table L.
Table L. —PARTNERSHIPS: NUMBER OF FORMS 1065 FILED, NUMBER OF
RETURNS IN SAMPLE, AND THE PRESCRIBED AND ACHIEVED SAMPLING
RATES, BY SAMPLE STRATUM, 1960-61
Sample stratum
Number of returns1
Sampling rates
Filed
In sample
Prescribed
Achieved
CD
(2)
(3)
(4)
952,062
76,511
-
-
Business receipts, or income:
885,248
44,606
21,663
545
45,325
8,978
21,663
545
1/20
1/5
iA
i/i
1/19.53
1/4.97
1/1
1/1
Adjusted for duplicate returns and includes inactive partnership returns.
Excluding returns with total assets of $5,000,000 or more.
3Including returns with business receipts or total income $500,000 under $5,000,000
having total assets of $5,000,000 or more.
Corporations
The sample reflects the activities of the total
number of domestic and resident foreign corporations
filing returns with accounting periods ended July
1960 through June 1961. The total number of returns
filed was estimated to be 1,188,000.
The sample was drawn to represent the total num-
ber of returns for the included accounting periods,
regardless of when filed. Prior year delinquent
returns were included for the purpose of estimating
data for returns filed too late to be included. It
was felt that the characteristics of returns due
but not yet received for the income year 1960-61
could best be represented by sampling the 54,000
previous year delinquent returns which were received
during the current year filing period. The total
number of returns includes about 47,000 returns of
inactive corporations filed, although no data were
tabulated from them.
A return was due on or before the 15th day of the
third month following the close of the income year.
About one-half of all corporations use a noncalendar
year accounting period. The filing date for returns
with the earliest accounting period covered by this
report was on or before October 15, 1960. Returns
were due for corporations with the most recent
accounting period, on or before September 15, 1961.
Many corporations, however, are granted extensions
of time in which to file, so that the last included
returns for the income year were not filed until
early in calendar year 1962.
The population of corporation returns was classi-
fied into sample classes as described below. Size
of total assets was the major criterion for classi-
fication. Returns showing high total assets or net
income or deficit (sample classes A, B, G, and H)
were sampled at a 100 percent rate. In addition,
returns in sample classes A and G were controlled
by name.
Forms 1120, 1120-L. 1120-M, and 1120-F (resident)
Sample class A. — Returns with net income or defi-
cit of $1,000,000 or more, or total assets of
$10,000,000 or more.
Sample class B The following special types of
returns when not included in sample class A: con-
solidated returns; returns with personal holding
company schedules attached; life and mutual insur-
ance company returns; Form 1120-F returns of resident
foreign corporations; and returns with overpayment
of tax. In addition, other returns with net income
or deficit under $1,000,000 but with total assets
of $1,000,000 under $10,000,000 were included in
this sample class .
Sample class C. — Returns other than the special
types of returns described under sample class B,
with total assets of $100, 000, under $1,000,000 in
the case of current-year returns, and with total
assets either under $1,000,000 or not reported in
the case of prior-year delinquent returns .
Sample class D Current-year returns, other than
the special types of returns described under sample
class B, with reported total assets greater than
zero but less than $100,000.
Sample classes E and F Current-year returns,
other than the special return types described under
sample class B, which showed assets zero or not
reported. After sampling according to prescribed
sampling rates, these returns were separated into
class E (active corporation returns) and class F
(inactive corporation returns). Returns in sample
class E were separated further, into returns with
zero assets and returns with assets not reported.
Returns with zero assets were identified by infor-
mation provided by the corporation on the tax
return. All other returns were regarded as returns
with assets not reported. For this second group,
other sources were used to estimate balance sheet
information for as many returns as possible. Assets
and liabilities estimated were then weighted to
represent the assets and liabilities for all re-
turns in sample class E with assets not reported.
Form 1120- S
Sample class G. — Returns with net income or defi-
cit of $1,000,000 or more, or total assets of
$10,000,000 or more.
Sample class H. — Current-year returns with net
income or deficit under $1,000,000 but with total
assets of $1,000,000 under $10,000,000, and all
Table M.— CORPORATIONS: NUMBER OF FORMS 1120, 1120-L, 1120-M, AND
1120-S FILED, NUMBER OF RETURNS IN SAMPLE, AND THE PRESCRIBED AND
ACHIEVED SAMPLING RATES, BY SAMPLE CLASS, 1960-61
Sample class
Corporation returns, total.
Forms 1120, 1120-L, 1120-M:
Sample class A
Sample class B
Sample class C
Sample class D
Sample class E (Active)
Sample class F ( Inactive)
Form 1120-S:
Sample class G
Sample class H
Sample class I
Number of returns1
(1)
1, 187, 777
11, 547
75,344
391, 686
564, 471
34,480
18, 821
11
2,687
88, 730
In sample
(2)
169, 272
11, 547
75,344
39, 494
26, 798
984
3,677
11
2,687
8,370
Sampling rates
(3)
1.0000
1.0000
0.1000
0.0500
0.2000
0.2000
1.0000
1.0000
0.1000
(4)
1.0000
1.0000
0.1008
0.0475
(2)
0. 1954
1.0000
1.0000
0.0984
1 Includes returns of inactive corporations.
2See text description of sample classes E and F.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
13
prior-year delinquent returns not included in
sample class G.
Sample class I Current-year returns with total
assets either under $1,000,000 or not reported.
Returns with assets not reported were treated the
same as in sample classes E and F.
For each of these sample classes, the number of
returns filed, the number of returns in the sample,
and the prescribed and achieved sampling rates are
given in table M.
Method of Estimation
The total number of returns with business sched-
ules C and F filed, partnerships filing returns,
and corporation returns filed was determined from
counts made in each of the Internal Revenue district
offices and submitted to the Statistics Division.
The adequacy of response by sampling stratum or
class was reviewed for each district office by
applying for each district office the prescribed
sample rate to the number of returns filed and
comparing this expected sample size with the number
of sample returns actually received from each
office. When receipts of returns appeared to be
inadequate, a followup procedure was employed to
obtain the missing returns. Estimates for all
returns were determined by multiplying the sample
data by national weights obtained by dividing the
number of returns filed in a sampling stratum or
class by the number of sample returns received in
that stratum or class, and then summarizing the
data for all classes. However, more precise weights,
one set for each district, were used to derive the
statistics for Internal Revenue districts in tables
10, 11, 23 and 2-4. Achieved sampling rates varied
sufficiently among the districts to warrant the
adoption of these separate sets of weights. As a
result, the sums of the estimates based on district
weights show slight differences from the corre-
sponding items in tables based on national weights .
LIMITATIONS OF THE DATA
Sampling Variability
The relative sampling variability is the sampling
variability expressed in terms of a percent of the
estimate. The sampling variability at the 95 per-
cent level when added to and subtracted from the
estimate, provides the upper and lower limits within
which 95 out of 100 estimates derived from similarly
selected samples would be expected to fall. The
data in tables 0, P, Q, R, and S, present fre-
quency estimates together with their corresponding
relative sampling variabilities at the 95 percent
confidence level of selected data items for sole
proprietorships, partnerships, and corporations.
Table N, which is based on a special "upper limit"
statistical formula, provides conservative relative
sampling variabilities somewhat higher than those
which would be obtained by using the standard sam-
pling variability formula. Table N may be used for
frequency estimates in general.
Table N.— ACTIVE CORPORATION RETURNS: RELATIVE SAMPLING VARIABILITY
AT THE 95 PERCENT CONFIDENCE LEVEL OF THE ESTIMATED NUMBER OF RETURNS
BY SIZE OF TOTAL ASSETS, 1960-61
Estimated number of returns
200
300
400
500
600
700
800
1,000...
1,200...
l,40O...
1,600...
1,800...
2,000...
2,500...
3,000...
4,000...
5,000...
7,000...
10,000..
15,000..
25,000..
35,000..
50,000..
75,000..
100,000.
150,000.
200,000.
250,000.
500,000
Tables showing classification by
asset size
Returns with total assets —
Under
$100,000
(1)
$100,000
under
$1,000,000
(2)
$1,000,000
or mure
(3)
Tables not
showing
classifi-
cation
by asset
size
(4)
63
52
45
40
36.5
33.8
31.6
25.8
28.3
23.9
22.4
21.1
20.0
17.9
16.3
14.1
12.6
10.7
8.9
7.3
5.7
4.8
4.0
3.3
2.8
2.3
2.0
1.8
1.3
45
36
32
28
25.8
23.9
22.4
18.2
20.0
16.9
15.8
14.9
14.1
12.6
11.5
10.0
8.9
7.6
6.3
5.2
4.0
3.4
2.8
2.3
2.0
1.6
1.4
1.3
.9
o -p
63
52
45
40
36.5
33.8
31.6
25.8
28.3
23.9
22.4
21.1
20.0
17.9
16.3
14.1
12.6
10.7
8.9
7.3
5.7
4.8
4.0
3.3
2.8
2.3
2.0
1.8
1.3
NOTE: An upper limit formula was used to compute the relative sampling variability
estimates shown in this table. Therefore, the relative sampling variability estimates
are higher than those which would have been obtained by using the standard formula.
The disparity is generally less for tables showing classification by size of total
assets than for other tables.
Use of table N may be illustrated by an example
in which the estimate is 25,000 returns, each with
total assets of $100,000 under $250,000. In this
instance, column 2, assets $100,000 under $1,000,000,
is to apply. The figure in column 2, opposite
25,000 is <4 percent. Consequently, the relative
sampling variability for this estimate is somewhat
less than 4 percent.
Data have been deleted from tables where the sam-
pling variability was considered excessive. Where
such a deletion has been made, the applicable tables
have been footnoted. The absence of statistics for
items presented in the tables and indicated by means
of a dash may be interpreted in several ways. If
the statistics were based on returns sampled at the
100 percent rate, then there were no returns with
the particular characteristic. But if the statis-
tics were based on returns sampled at less than the
100 percent rate, either there were no returns in
the population with the particular characteristic,
or, because of their rarity, instances of the
characteristic were not present among the returns
sampled.
Response and Other Nonsampling Errors
In processing returns for collection purposes in
the district offices and, later, in processing the
sample of such returns for statistical purposes,
several steps were taken to reduce taxpayer-report-
ing errors and other errors introduced in data
processing operations. A large proportion of the
14
U. S. BUSINESS TAX RETURNS, JULY I960 -JUNE 1961
Table 0. —SOLE PROPRIETORSHIPS:
RELATIVE SAMPLING VARIABILITY AT THE 95 PERCENT CONFIDENCE LEVEL OF THE ESTIMATED NUMBER OF SOLE PROPRIETORSHIPS,
BY INDUSTRIAL GROUP, 1960-61
Industrial group
Relative
Number of
sampling
businesses
varia-
bility
(Percent)
9,089,965
0.29
3,480,195
0.89
3, 358, 615
0.92
96, 059
6.37
12,269
17.46
83,790
6.85
25, 521
12.50
33,036
9.74
23,649
11.21
9,387
19.46
655, 155
2.38
110,187
5.77
510, 735
2.73
62, 970
7.82
38,613
9.86
409,152
3.09
34,233
10.88
192, 634
4.27
23,235
12.36
1,390
49.64
9,927
18.61
47,494
8.95
10,096
19.13
28,042
11.03
3,910
29.28
1,256
53.90
6,333
23.10
1,500
45.40
5,869
22.92
20,628
12.90
2,810
38.33
3,662
30.91
26,482
11.68
287, 661
3.67
205, 762
4.38
66,804
7.60
15,095
15.73
1,944,759
1.27
306,403
3.33
39,490
9.70
4,266
30.08
4,853
26.25
6,254
23.03
13,148
15.75
4,340
27.51
8,437
21.14
10,829
18.15
7,793
20.69
16,475
14.70
190, 518
4.22
1, 547, 858
1.46
308,126
3.54
257, 176
3.90
12,286
17.32
38,664
10.02
179,113
4.61
69,690
7.30
66,225
7.56
63, 149
7.76
203,960
4.32
294, 588
3.60
Industrial group
Number of
businesses
Relative
sampling
varia-
bility
(pu
at}
All industrial groups
Agriculture, forestry, and fisheries
Farms
Agricultural services, hunting, trapping, and forestry
Offices of veterinarians and animal hospitals
Other agricultural services, hunting trapping, and forestry...
Fisheries
Mining
Crude petroleum and natural gas
Other mining, including quarrying
Construction
General contractors
Special trade contractors
Plumbing, heating, and air conditioning
Electrical work
Other special trade contractors
Contractors not allocable
Manuf ac turing
Food and kindred products, including beverages
Textile mill products
Apparel and other finished products made from fabrics and similar
materials
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 metals industries
Fabricated metal products, except machinery and transportation
equipment
Machinery, except electrical and transportation equipment
Electrical machinery, equipment, and supplies
Transportation equipment
Other manufacturing industries
Transportation, communication, and sanitary services
Motor freight transportation and warehousing
Other transportation
Communication, water supply, and other sanitary services
Wholesale and retail trade
Wholesale trade
Groceries and related products
Electrical goods
Hardware, plumbing and heating equipment and supplies
Beer, wine, and distilled alcoholic beverages
Dry goods and apparel
Drugs, chemicals, and allied products
Lumber and construction materials
Machinery, equipment, and supplies
Motor vehicles and automotive equipment
Farm products — raw materials
Other wholesalers
Retail trade
Food
Grocery stores, meat, fish, fruit, and vegetable markets
Bakeries
Other food stores
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Gasoline service stations
Eating and drinking places
Wholesale and retail trade — Continued
Retail trade — Continued
Building materials
Hardware and farm equipment
Sporting goods stores and bicycle shops
Fuel and ice dealers
Antique and secondhand stores
Drug and proprietary stores
Liquor stores
News dealers and stands; cigar stores and stands
Florists
Jewelry stores
Other retail stores
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Credit agencies other than banks
Security and commodity brokers, dealers, exchanges, and services
Insurance agents, brokers and service
Real estate
Real estate operators (except developers) and lessors
Agents, brokers, and managers
Other real estate
Other finance, insurance, and real estate
Services
Lodging services
Hotels
Tourist courts and motels
Rooming houses, camps, and other lodging places
Personal services
Laundries, laundry services, and cleaning and dyeing plants. . .
Photographic studios, including commercial photography
Beauty and barber shops, including schools
Shoe repair shops, shoe shine parlors, and hat cleaning shops.
F'uneral service and crematories
Other personal services
Business services
Advertising
Services to dwellings and other buildings
Other business services
Automotive services
Automobile parking
Automobile repair shops
Other automotive services , including rentals
Repair services, except automotive
Motion picture production, distribution and service
industries
Motion picture theaters
Amusement and recreation services, except motion pictures
Bowling alleys and billiard and pool parlors
Other amusement and recreation services, except motion
pictures
Medical and other health services
Offices of physicians, surgeons, and oculists
Offices of dentists and dental surgeons
Other medical and health services
Legal services
Educational services
Engineering and architectural services
Accounting, auditing, and bookkeeping services
Other services
Nature of business not allocable.
27,128
11.56
33,907
10.54
10,541
19.47
19, 022
14.00
26,515
12.24
33, 931
9.29
20, 593
12.79
13,755
16.66
18, 989
14.18
19,462
14.30
139,164
5.20
90,498
6.49
482,909
2.64
5,895
22.46
14,530
14.89
162,400
4.60
263, 288
3.64
103,882
5.97
142,487
4.94
16, 919
13.40
36, 796
9.44
1, 366,068
1.23
131,461
5.45
17,089
15. 11
46,136
9.22
68,236
7.61
465, 935
2.86
87,839
6.88
26, 031
12.40
264,317
3.83
25,958
12.29
13,971
14.55
47,819
9.23
207,430
4.14
15,569
15.35
27,905
12.14
163,956
4.61
126,328
5.58
5,171
25.76
113, 741
5.88
7,416
24.45
164,277
4.95
2,893
31.97
3,641
34.96
82,890
6.71
10,813
19.98
72,077
7.12
392, 381
2.62
142,444
3.65
83, 832
5.48
166, 105
4.66
122,356
4.76
69, 025
7.37
45,066
7.82
84,931
6.44
67,454
7.02
returns were mathematically verified, but not au-
dited, in the district offices before they were
made available for sample selection. Any corrections
resulting from mathematical verification of the
taxpayer's entries are reflected in these data.
In transcribing and tabulating the information
from the sampled returns, additional checks were
imposed to improve the quality of the resulting
estimates. Returns which showed data in accom-
panying schedules but not on appropriate return
lines, and returns with obvious errors were edited
and properly transcribed. Mechanical transcribing
was verified by the process of repeat punching, and,
prior to tabulating, numerous tests for consistency
were applied to these data while the information
was being processed through the electronic computing
system.
An extensive system of sample management and con-
trol was used to insure the selection of the pre-
scribed sample and prevent inaccuracies in estimating
the number of returns filed. Sample controls were
maintained on a district basis by the most detailed
Internal Revenue grouping. In addition, a name
control file containing a historical record of the
tax return information for very large taxpayers
provided a further check on the completeness of the
sample.
The controls maintained for the selection of the
sample returns and the processing of the source data
in the field offices did not completely eliminate
the possibility of error. Practical operating con-
siderations necessitated allowance of reasonable
tolerance in controlling the processing of these
data within the Statistics Division.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
15
Table P . —ACTIVE PARTNERSHIPS:
RELATIVE SAMPLING VARIABILITY AT THE 95 PERCENT CONFIDENCE LEVEL OF THE ESTIMATED NUMBER OF PARTNERSHIPS,
INDUSTRIAL GROUP, 1960,61
Industrial group
Number of
partner-
ships
Relative
sampling
varia-
bility
( Percent)
Industrial group
Number of
partner-
ships
Relative
sampling
varia-
bility
( Percent)
All industrial groups
Agriculture, forestry, and fisheries, total
Farms
Agricultural services, hunting and trapping, and forestry, total.
Office of veterinarians and animal hospitals
Other agricultural services, hunting and trapping, and forestry
Fisheries
Mining, total
Crude petroleum and natural gas
Other mining, including quarrying
Construction, total
General contractors
Special trade contractors, total
Plumbing, heating, and air conditioning
Electrical work
Other special trade contractors
Contractors not allocable
Manufacturing, total
Food and kindred products, Including beverages
Textile mill products
Apparel and other finished products made from fabrics and similar
materials
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 electrical and transportation equipment
Electrical machinery, equipment, and supplies
Transportation equipment
Other manufacturing industries
Transportation, communication, and sanitary services, total
Motor freight transportation and warehousing
Other transportation.
Communication, water supply, and other sanitary services
Wholesale and retail trade, total
Wholesale trade, total
Groceries and related products
Electrical goods
Hardware, plumbing and heating equipment and supplies
Beer, wine, and distilled alcoholic beverages
Dry goods and apparel
Drugs, chemicals, and allied products
Lumber and construction materials
Machinery, equipment, and supplies
Motor vehicles and automotive equipment
Farm products — raw materials
Other wholesalers
Retail trade, total
Food, total
Grocery stores, meat, fish, fruit, and vegetable markets
Bakeries
Other food stores
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Gasoline service stations
Eating and drinking places.
9*0, 560
136,306
126, 189
6,217
1,103
7,114
1,900
15,697
10,842
4,855
62,451
17,795
40,856
7,856
3,204
29,796
3,800
47,183
6,992
698
4,082
8,409
2,284
6,538
775
474
2,060
810
2,902
4,384
697
544
5,534
17,638
12,055
3,576
2,007
291,053
40,572
7,083
949
815
1,246
2,166
827
1,094
3,683
2,210
4,554
15,945
238,451
39,534
35,080
1,886
2,568
14,048
15,674
14,885
14,736
30,554
47,409
0.10
2.13
2.23
9.14
25.84
9.78
19.42
6.64
8.05
11.86
3.20
5.91
4.06
9.34
14.58
4.81
13.68
3.61
9.04
26.93
12.03
8.94
17.03
10.25
27.74
35.65
17.57
27.78
14.71
12.36
29.84
34.01
10.93
6.28
7.63
14.01
18.73
1.27
3.63
8.06
23.92
24.54
19.26
15.97
26.84
21.76
12.92
16.24
10.63
6.08
1.47
3.97
4.19
19.57
16.63
6.94
6.56
6.71
6.05
4.75
3.80
Wholesale and retail trade — Continued
Retail trade — Continued
Building materials
Hardware and farm equipment
Sporting goods stores and bicycle shops
Fuel and ice dealers
Antique and secondhand stores
Drug stores and proprietary stores
Liquor stores
News dealers and newsstands; cigar stores and stands
Florists
Jewelry stores
Other retail stores
Wholesale and retail trade not allocable
Finance, insurance, and real estate, total
Credit agencies other than banks
Security and commodity brokers, dealers, exchanges, and services
Insurance agents, brokers, and service
Real estate, total
Real estate operators (except developers) and lessors
Agents, brokers, and managers
Other real estate
Other finance, insurance, and real estate
Services, total
Lodging services, total
Hotels
Tourist courts and motels
Rooming houses, camps, and other lodging places
Personal services, total
Laundries, laundry services, and cleaning and dyeing plants...
Photographic studios, including commercial photography
Beauty and barber shops, including schools
Shoe repair shops, shoe shine parlors, and hat cleaning shops.
Funeral service and crematories
Other personal services
Business services, total
Advertising
Services to dwellings and other buildings
Other business services
Automotive services, total
Automobile parking
Automobile repair shop
Automobile rentals and automobile services, except repair
Other repair services
Motion picture production and distribution and motion picture
service industries
Motion picture theaters
Amusement and recreation services, except motion pictures, total
Bowling alleys and billiard and pool parlors
Other amusement and recreation services, except motion
pictures
Medical and other health services, total
Offices of physicians and surgeons
Offices of dentists and dental surgeons
Other medical and health services
Legal services
Educational services
Engineering and architectural services
Accounting, auditing, and bookkeeping services
Other services
Nature of business not allocable
5,716
10, 516
1,944
2,116
3,375
8,660
5,235
1,049
2,561
3,111
17, 328
12,030
202, 630
14, 668
2,959
12,608
149,662
132, 231
4,198
13,233
22,733
159, 360
14, 066
3,883
6,335
3,848
32, 574
12,853
1,417
12,190
1,078
3,792
1,244
14,271
1,187
1,351
11,733
19,223
929
16, 371
1,923
10,584
577
1,991
10, 659
2,367
8,292
18, 361
10, 669
1,542
6,150
19,950
1,146
6,058
8,076
1,824
8,242
10.25
7.85
19.14
17.67
14.70
8.66
11.19
26.02
16.87
15.01
6.26
7.30
1.67
7.01
13.42
7.49
2.02
2.1B
13.13
7.13
5.60
1.92
7.08
13.37
10.62
13.75
4.64
7.45
22.65
7.71
26.16
13.66
24.28
7.01
23.34
23.09
7.78
6.09
27.88
6.62
19.24
8.27
33.10
18.78
8.17
17.28
9.29
6.07
8.00
21.66
10.47
5.82
25.13
10.45
9.32
19.85
9.37
16 U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
Table 0 -ACTIVE CORPORATION RETURNS, AND SMALL BUSINESS CORPORATION RETURNS, FORM 1120-S: RELATIVE SAMPLING VARIABILITY AT THE 95 PERCENT
CONFIDENCE LEVEL OF THE ESTIMATED NUMBER OF RETURNS BY INDUSTRIAL GROUP, 1960-61
Industrial group
All Industrial groups
Agriculture, forestry, and fisheries, total
Mining, total
Metal mining
Bituminous coal and lignite mining
Crude petroleum and natural gas
Mining and quarrying of nonmetallic minerals, and anthracite mining
Construction, total
General building contractors
Highway and street construction and heavy construction
Special trade contractors
Contractors not allocable
Manufacturing, total
Beverage industries
Food and kindred products
Tobacco manufacturers ■
Textile mill products
Apparel and other finished products made from fabrics and similar materials
Lumber and wood products, except furniture
Furniture and fixtures
Paper and allied products
Printing, publishing, and allied industries • •
Chemicals and allied products ■
Petroleum refining and related industries ■
Rubber and miscellaneous plastics products ■
Leather and leather products -
Stone, clay, and glass products
Primary metal industries ■
Fabricated metal products (including ordnance) , except machinery and transportation equipment
Machinery , except electrical and transportation equipment
Electrical machinery, equipment, and supplies
Transportation equipment , except motor vehicles
Motor vehicles and motor vehicle equipment
Professional, scientific, and controlling instruments; photographic and optical goods; watches and clocks
Other manufacturing industries
Transportation, communication, electric, gas, and sanitary services, total
Transportation
Communication
Electric and gas companies and systems
Water supply and other sanitary services
Wholesale and retail trade, total
Wholesale trade , total
Groceries and related products
Electrical goods, hardware, and plumbing and heating equipment and supplies
Other wholesalers
Retail trade, total
Food
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Eating and drinking places
Building materials
Other retail stores ;
Wholesale and retail trade not allocable
Finance, insurance, and real estate, total
Banking
Credit agencies other than banks
Holding and other investment companies
Security and commodity brokers, dealers, exchanges, and services
Insurance carriers
Insurance agents , brokers , and service
Real estate
Services , total
Hotels , rooming houses , camps , and other lodging places
Personal services
Business services
Automobile repair, automobile services, and garages
Motion pictures
Amusement and recreation services, except motion pictures
Other services
Nature of business not allocable
1No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
NOTE: -See text for explanatory statements and "Description of the Sample and Limitations of the Data."
Active corporation returns
Small business corporation
returns, Form 1120-S
(1)
1,140,574
17,139
13,017
1,035
1,828
6,873
3,281
72,332
21,672
9,901
38,392
2,367
165
3
862
147
.825
168
,888
,758
,445
,084
,193
,657
,015
879
,942
,745
,791
,545
,518
',708
,208
,066
,823
',760
43,852
33,491
5,431
1,299
3,631
355,623
117,437
14,073
13,671
89,693
217,269
13,896
14,399
27,327
21,980
37,946
31,381
24,655
45,685
20,917
334,388
15,205
51,795
10,866
2,986
3,981
17,937
231,618
121,024
11,704
21,878
32,360
18,883
6,908
14,471
14,820
17,337
Relative
sampling
variability
at 95 per-
cent level
f Percent )
(2)
5.65
6.39
23.40
17.33
8.87
12.43
2.77
5.16
7.17
3.92
17.37
1.64
11.52
5.56
49.11
8.71
5.83
7.64
9.30
11.02
5.40
7.57
20.16
11.32
12.53
7.84
9.89
5.36
5.38
8.21
14.93
16.50
13.68
7.63
3.61
4.20
9.70
17.69
13.19
1.07
6.12
2.38
1.50
6.58
6.39
4.71
5.19
3.96
4.61
5.98
3.66
5.29
1.09
2.39
3.05
6.50
13.71
5.71
5.98
1.42
2.16
6.80
5.43
4.45
6.89
9.48
6.44
6.64
6.81
(3)
(')
197
544
217
8,290
2,277
773
5,069
171
14,240
349
1,108
395
2,209
847
616
235
1,858
510
(M
229
294
478
312
1,380
1,408
432
145
103
206
1,094
2,998
2,321
429
(l)
38,568
11,637
1,699
1,109
8,829
24,650
1,432
1,034
2,833
2,621
4,382
3,071
3,207
6,070
2,281
10,368
93
662
(M
169
(')
2,329
7,065
11,760
1,363
2,739
2,508
2,017
455
1,301
1,377
480
Relative
sampling
variability
at 95 per-
cent level
{Percent )
(A)
t1)
t1)
I1)
42.21
25.37
40.45
6.23
12.32
21.15
8.16
44.51
4.59
31.53
17.83
29.68
12.50
20.28
23.87
39.08
13.72
26.35
)
39.39
35.02
26.86
33.54
15.97
15.93
28.25
48.65
58.65
41.63
17.84
10.70
12.20
28.64
4
(M
2.31
5.17
14.45
17.62
6.04
3.25
15.59
18.43
11.06
11.46
9.56
10.63
14.52
7.42
12.36
5.52
61.70
22.95
12.27
6.81
5.14
15.83
11.26
11.75
16.90
27.89
16.36
16.07
26.92
U. S. BUSINESS TAX RETURNS, JULY I960- JUNE 1961
17
Table R. — SOLE PROPRIETORSHIPS AND ACTIVE PARTNERSHIPS: RELATIVE SAMPLING VARIABILITY AT THE 95 PERCENT CONFIDENCE LEVEL OF SELECTED FREQUENCY
ESTIMATES BY INDUSTRIAL DIVISION, 1960-61
Industrial division
Relative
sampling
variability
Business receipts
Relative
sampling
variability
Depreciation
Relative
sampling
variability
Depletion
Relative
sampling
variability
(Percent)
SOLE PROPRIETORSHIPS
All industrial divisions
Agriculture, forestry, and fisheries
MJnlne
Construction
Manufacturing
Transportation, communication and sanitary services
Wholesale and retail trade, total
Wholesale trade
Retail trade
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Services
Nature of business not allocable
ACTIVE PARTNERSHIP RETURNS
All industrial divisions
Agriculture, forestry, and fisheries
Mining
Construction
Manufacturing
Transportation, communication and sanitary services
Wholesale and retail trade, total
Wholesale trade
Retail trade
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Services
Nature of business not allocable
(i)
(2)
(3)
(*)
(5)
(6)
(7)
(8)
9,089,985
3,480,195
33,036
655,155
192,634
287,661
1,944,759
306,403
1,547,858
90,498
482,909
1,966,068
47,568
940,560
136,306
15,697
62,451
47,183
17,638
291,051
40,572
238,451
12,030
202,630
159,360
8,242
;,954,207
.89
3
398,690
9.74
31,186
2.38
651,053
4.27
191,073
3.67
285,965
1.27
1
934,943
3.33
303,059
1.46
1
542,097
6.49
89,786
2.64
471,401
1.23
1
,946,382
9.60
43,513
0.10
2.13
6.64
3.20
3.61
6.28
1.27
3.63
1.47
7.30
1.67
1.92
9.37
913,022
129,394
13,550
61,587
46,236
17,307
289,176
39,864
237,404
11,908
193,422
155,718
6,633
0.30
.91
10.08
2.39
4.29
3.68
1.27
3.35
1.46
6.52
2.67
1.24
10.11
0.18
2.20
7.13
3.23
3.64
6.34
1.27
3.65
1.47.
7.33
1.72
6,661,830
2,729,388
25,872
439,217
147,863
227,112
1,403,909
205,113
1,128,885
69,911
321,897
1,343,115
23,458
745,100
108,684
12,244
48,887
41,403
15, 578
242,927
31,546
203,222
8,159
142,297
130,053
3,027
0.49
1.05
11.02
2.92
4.83
4.13
1.53
4.04
1.74
7.42
3.25
1.51
13.82
0.46
2.43
7.49
3.63
3.83
6.68
1.42
3.99
1.62
8.62
2.08
2.17
15.36
27,340
3,227
14,459
749
789
404
4,002
1,518
2,349
135
717
2,792
201
14,672
1,676
7,328
521
387
64
1,199
21>6
846
117
2,847
610
40
t1)
10.83
33.06
14.40
71.16
64.89
90.35
29.89
47.30
39.72
61.79
34.46
(l)
I1)
6.80
20.64
9.65
35.32
37.73
<»)
22.77
47.03
27.78
73.50
15.98
33.77'
Industrial diviBion
Amortization
Payments to partners
Relative
sampling
variability
Relative
sampling
variability
(Percent)
Net profit
Relative
sampling
variability
(Percent)
Relative
sampling
variability
SOLE PROPRIETORSHIPS
All industrial divisions
Agriculture, forestry, and fisheries
Mining
Constructions
Manufacturing
Transportation, communication and sanitary services
Wholesale and retail trade, total
Wholesale trade
Retail trade
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Services
Nature of business not allocable
ACTIVE PARTNERSHIPS RETURNS
All industrial divisions
Agriculture, forestry, and fisheries
Mining
Construction
Manufacturing
Transportation, communication and sanitary services
Wholesale and retail trade, total
Wholesale trade
Retail trade
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Services
Nature of business not allocable
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
26,632
11,489
183
1,447
1,192
805
5,563
464
4,893
206
1,033
4,486
(*)
t1)
(M
11.95
18.07
)
50.66
54.53
70.19
25.15
80.17
27.14
)
54.79
29.49
Not available
Not applicable
118,124
7,625
2,172
10,750
9,470
2,873
53,354
7,808
43,604
1,942
9,337
21,697
845
7,107,282
2,392,771
19,020
595,941
159,804
233,835
1,578,517
261,770
1,242,719
74,029
396,882
1,697,207
33,304
739,420
9.47
103,875
17.50
8,401
7.87
52,942
7.78
37,896
15.42
13,787
3.29
239,572
7.67
34,391
3.74
195,735
17.56
9,446
8.51
145,653
5.60
131,519
29.23
5,776
0.44
1.15
13.33
2.49
4.69
4.08
1.43
3.59
1.65
7.17
2.88
1.33
11.24
0.46
2.49
9.01
3.49
4.01
7.10
1.44
3.90
1.66
8.14
2.04
2.15
11.18
1,982,725
1,087,423
14,017
59,215
32,833
53, 827
366,246
44,636
305,141
16,469
86,030
268,869
14,265
201,135
32,430
7,297
9,507
9,285
3,852
51,480
6,180
42,716
2,584
56,977
27,838
2,467
1.29
1.83
14.18
8.55
10.51
8.62
3.24
9.09
3.59
15.33
6.80
3.80
18.37
1.67
4.66
9.91
8.48
8.56
13.68
3.58
10.13
3.97
16.52
3.47
5.04
17.23
*No reliable estimate of the sampling variability can be obtained from the sample.
18
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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BASIC TABLES
SOLE PROPRIETORSHIPS
Page
1. Number of businesses, business receipts, net profit, net loss,
and inventory, by industrial group 22
2. Number of businesses, business receipts, and net profit, by
selected industries and size of business receipts 24
3. Number of businesses, business receipts, and net profit, by
selected industries and size of net profit 32
4. Businesses with employees: Reporting patterns of business
receipts, net profit, net loss, and depreciation, by selected
industries 36
5. Businesses without employees: Reporting patterns of business
receipts, net profit, net loss, and depreciation, by selected
industries 38
6. Number of businesses, business receipts, net prof it, by selected
industries and adjusted gross income classes 40
7. Number of businesses, business receipts, and net profit, by
size of business receipts and adjusted gross income classes. 4-2
8. Number of businesses, business receipts, and net profit, by
ratio ■ of net profit to business receipts for selected
industries 43
9. Number of businesses, business receipts, net profit, and depre-
ciation, for businesses with additional first-year depreciation 47
10. Number of businesses, business receipts, net profit, net loss,
and selected business deductions, by States 48
11. Number of businesses and business receipts for selected in-
dustries , by States 49
21
22
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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24 U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 2. —NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS
businesses with and without net profit
Businesses with net profit
Businesses with and without net profit
Businesses with net profit
Size of business receipts
Number of
businesses
Business
receipts
(Thousand
dollar*)
Net profit
(less loss)
(Thousand
dollar*)
Number of
businesses
Business
receipts
( Thousand
dollar*)
Net profit
(Thousand
dollar*)
Number of
businesses
Business
receipts
(Thousand
dollar*)
Net profit
(Oess loss)
(Thousand
dollara)
Number of
businesses
Business
receipts
( Thousand
dollara)
Net profit
fThousand
dotlara)
All industries
Agriculture, forestry, and fisheries
Total
9,089,985
171,257,205
21,067,090
7,107,286
151,837,234
24,269,011
3,480,195
27,369,780
2,997,639
2,392,770
22,354,956
4,575,683
1,263,786
1,088,764
778,482
617,040
494,675
752,430
779,620
807,841
495,853
329,364
241,023
341,185
224,312
302,218
154,708
219,586
45,542
12,557
5,336
135,563
668,029
1,595,877
1,923,857
2,146,164
2,214,246
4,471,486
6,548,355
9,914,082
8,589,257
7,355,705
6,611,380
11,828,283
10,034,972
18,329,199
13,361,434
32,554,927
15,231,169
8,488,112
9,390,671
1208,715
264,220
457,221
552,799
607,093
1,203,475
1,623,598
2,213,354
1,783,611
1,475,466
1,260,811
2,044,051
1,518,947
2,307,883
1,208,691
2,049,403
599,324
202,764
70,807
'167,207
672,795
794,775
607,415
493,331
409,391
634,177
677,550
701,254
432,290
291,668
213,534
305,947
202,967
274,051
040,908
198,558
40,804
11,116
4,755
405,224
1,167,281
1,504,205
1,716,794
1,834,816
3,771,212
5,692,698
8,612,232
7,490,534
6,518,973
5,855,057
10,610,828
9,078,719
16,619,108
12,174,955
29,458,526
13,616,104
7,487,172
8,222,796
229,651
551,907
656,789
713,307
717,460
1,374,688
1,830,521
2,460,350
1,951,731
0,590,U1
1,346,937
2,190,234
1,608,941
2,432,543
1,298,093
2,244,221
661,012
256,096
154,389
605,328
526,475
370,204
278,240
221,588
340,295
335,876
316,123
149,985
79,172
44,199
52,804
26,945
25,985
00,030
00,286
2,009
809
352
81,370
320,387
775,145
918,898
969,960
991,981
2,024,418
2,812,455
3,852,519
2,591,491
1,760,357
1,202,044
1,818,502
1,194,075
1,555,968
946,782
1,544,025
741, US
626,857
722,771
'202,830
04,250
000,984
028,882
153,788
355,241
509,953
651,781
376,547
256,706
148,777
188,731
109,055
037,180
62,860
62,248
24,492
7,524
8,489
'97,613
253,091
339,035
260,553
204,285
169,601
273,495
286,419
270,556
026,078
67,383
36,295
43,004
20,703
20,222
8,747
8,296
1,674
768
346
(2) -
158,467
501,212
647,505
703,020
759,950
0,629,948
2,400,030
3,297,604
2,180,329
1,499,619
984,327
1,480,197
961,753
1,275,709
749,186
1,235,076
576,336
593,802
710,785
81,588
205,646
228,595
227,249
224,905
457,819
616,753
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$40,000 under $50,000
$75,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
775,605
460,719
303,030
183,395
247,539
044,000
077,435
82,301
107,805
31,797
10,307
9,084
(2) -
Agriculture, forestry, and fisheries — Continued
Farms
Other agriculture, forestry, and fisheries
Total
3,358,615
25,529,419
2,736,530
2,295,026
20,725,312
4,265,302
121,580
1,840,361
261,109
97,745
1,629,644
300,380
584,066
509,804
360,531
268,515
212,557
329,523
327,109
305,807
145,735
75,480
41,625
49,791
24,847
23,836
9,598
9,137
1,682
612
235
78,125
309,763
751,156
891,854
935,735
951,460
1,961,015
2,739,494
3,725,512
2,517,586
1,679,232
1,132,171
1,712,560
1,101,168
1,424,948
827,565
1,371,166
583,025
467,721
446,288
'200,510
4,434
90,515
113,328
134,707
330, 514
491,547
626,675
358,867
236,897
130,782
168,198
94,175
113,434
53,262
49,141
21,159
5,283
6,209
'91,681
240,703
325,198
251,230
195,336
161,687
263,836
279,003
261,358
122,644
63,835
33,828
40,308
19,8a
19,214
7,553
7,229
1,452
561
230
151,060
481,340
623,872
681,559
724,451
1,573,163
2,338,418
3,184,593
2,118,912
1,421,641
917,449
1,381,328
878,280
1,154,277
650,235
1,073,904
498,399
434,666
437,765
77,488
193,224
215,793
210,390
204,534
429,709
593,741
740,518
440,841
281,333
164,924
226,307
128,653
153,138
71,819
92,286
25,753
8,066
6,785
21,262
16,671
10,683
9,725
9,031
10,772
8,767
10,316
4,250
3,692
2,574
3,013
2,098
2,149
1,432
1,049
427
207
117
3,245
10,624
23,989
27,044
34,225
40,521
63,403
72,961
127,007
73,905
81,025
69,873
005,942
92,907
031,020
119,217
172,859
158,020
159,036
276,483
'2,320
9,816
10,469
15,554
19,081
24,727
18,406
25,106
17,680
19,809
17,995
20,533
14,880
23,746
9,598
03,007
3,333
2,240
2,280
'5,932
12,388
13,837
9,323
8,949
7,904
9,659
7,406
9,098
3,534
3,548
2,467
2,806
0,892
2,008
0,094
0,067
222
207
116
7,407
19,872
23,633
31,461
35,499
56,785
61,703
103,000
60,407
77,978
66,878
98,869
83,473
121,432
98,951
161,172
77,937
159,036
273,020
4,100
12,422
12,802
16,859
20,371
28,110
$10,000 under $15,000
$15,000 under $20,000
$20,000 under $25,000
$25,000 under $30,000
$50,000 under $75,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
23,002
35,087
19,878
21,697
18,471
21,232
15,458
24,297
10,482
15,519
6,044
2,241
2,299
-
Mining
Construction
Total
Total
33,036
1,501,474
'103,044
19,019
949,996
115,742
655,155
14,941,971
0,898,455
595,941
13,705,620
2,028,208
4,863
2,963
2,344
1,461
1,831
2,135
2,298
2,594
1,689
683
701
938
684
1,653
944
2,131
478
636
158
1,852
1,926
4,203
5,630
5,033
8,285
12,424
19,856
32,400
29,794
15,364
19,301
31,797
30,550
106,542
82,897
306,557
168,376
376,623
243,916
'4,129
'539
'1,558
'1,779
72
766
'12,118
1,241
2,328
411
'3,058
'8,751
1,156
7,122
'4,879
3,849
5,074
'10,224
'72,945
'5,083
1,575
2,010
1,592
879
1,384
1,516
891
1,538
1,013
619
399
516
493
1,248
612
1,870
324
526
14
775
2,919
3,833
3,058
6,289
8,870
7,313
18,931
17,824
13,988
10,528
17,087
21,696
78,258
54,283
269,705
111,504
276,408
26,727
268
1,102
1,878
1,042
2,093
2,970
2,086
5,213
5,358
3,401
2,328
2,741
3,504
02, 107
8,080
27,082
10,413
21,673
2,073
77,363
77,044
54,621
48,331
38,399
48,982
47,349
53,262
42,216
28,755
20.U9
27,376
19,746
23,154
15,624
22,334
4,880
1,076
493
4,001
46,997
110,570
034,970
168,063
171,914
291,658
398,345
657,297
732,300
647,393
551,207
947,704
882,714
1,406,453
1,344,963
3,336,841
1,600,905
702,320
799,356
22,845
63,948
74,964
86,178
85,104
124,463
128,567
164,430
152,736
101,082
87,452
030,104
003,337
040,559
101,686
209,506
68,316
24,319
04,477
'6,538
65,201
71,976
51,932
44,974
35,823
44,929
44,234
48,459
39,030
26,075
18,372
24,893
18,541
21,372
13,881
20,276
4,408
973
492
41,301
103,092
128,310
156,461
160,290
267,572
372,722
598,794
679,363
587,350
502,109
863,157
828,566
1,296,929
1,193,803
3,047,888
1,460,220
620,275
797,418
30,103
70,070
77,153
91,922
86,478
029,676
133,355
$10,000 under $15,000
$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 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
172,903
158,666
117,941
93,364
137,038
107,593
149,038
121,046
235,530
74,943
26,589
04,690
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
SOLE PROPRIETORSHIPS
Table 2.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
25
businesses with and without net profit
Businesses with net profit
Businesses with and without net profit
Businesses with net profit
Size of business receipts
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
( Thousand
dollars)
dumber of
ausinesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
Construction — Continued
General contractors
Special trade contractors
110,187
6,178,662
413,041
92,012
5,502,623
473,896
510,735
8,191,190
1,414,145
474,953
7,700,525
1,467,429
4,556
4,125
4,223
3,892
3,721
7,480
7,786
8,959
8,358
7,150
5,171
7,201
5,683
7,993
7,656
11,115
2,742
699
431
1,246
2,748
6,359
10,325
13,574
16,744
45,321
64,296
111,017
145,724
161,946
140,817
246,779
253,460
488,339
662,435
1,667,149
945,764
471,071
724,794
11,413
S692
3,643
3,856
7,346
15,458
17,629
21,608
25,905
18,758
16,881
29,536
25,920
40,327
42,050
83,635
43,169
10,689
12,533
3,697
2,414
2,915
3,548
3,219
3,520
6,170
7,249
7,280
7,315
5,977
4,433
6,059
5,382
7,050
6,316
9,497
2,640
598
430
1,631
4,452
8,678
11,338
15,804
37,365
59,771
90,827
127,595
135,693
120,519
208,555
240,369
431,451
546,240
1,440,037
919,412
380,030
722,856
1,015
2,686
4,466
4,612
7,371
16,755
19,218
25,588
27,493
22,816
20,136
33,954
28,240
44,727
46,784
98,901
43,560
12,828
12,746
67,988
69,327
47,985
42,125
32,868
38,291
36,510
41,253
31,743
19,824
13,738
19,065
12,885
14,280
7,528
10,637
1,867
375
62
2,384
41,389
98,915
118,687
146,398
147,291
227,149
308,912
508,286
549,890
445,045
376,760
662,037
576,751
863,182
645,062
1,586,346
574,418
240,110
74,562
23,299
61,952
67,959
79,774
74,250
104,507
101,066
131,636
119,289
85,857
66,660
96,211
73,560
97,891
66,208
127,708
22,831
13,538
1,944
'1,995
59,303
65,873
45,971
39,943
30,596
36,411
34,034
38,230
30,036
18,619
12,900
17,724
12,283
13,676
7,125
10,297
1,497
373
62
37,663
93,890
113,673
138,716
137,052
216,317
288,562
471,299
520,576
418,360
353,613
615,714
549,487
824,640
610,097
1,537,113
460,085
239,106
74,562
27,771
64,421
69,325
$3,000 under $4,000
$4,000 under $5,000
84,259
75,549
106,858
104,230
135,508
123,390
87,966
68,570
97,717
74,856
101,034
$75,000 under $100,000
$100,000 under $250,000
$500,000 under $1,000,000
70,934
130,361
29,067
13,669
1,944
-
Construction — Continued
Manufacturing
Contractors not allocable
Total
34,233
572,119
71,269
28,976
502,472
86,883
192,634
6,935,367
645,495
159,805
6,151,872
725,675
4,819
3,592
2,413
2,314
1,810
3,211
3,053
3,050
2,115
1,781
1,240
1,110
1,178
881
J 1,666
2,860
5,296
5,959
8,091
7,879
19,188
25,137
37,994
36,686
40,402
33,630
38,888
52,503
54,932
202,674
959
2,688
3,362
2,548
3,518
4,498
9,872
11,186
7,542
6,467
3,911
5,367
3,857
2,341
3,153
3,484
3,188
2,413
1,812
1,707
2,348
2,951
2,949
1,779
1,479
1,039
1,110
876
646
1,195
2,007
4,750
5,959
6,407
7,434
13,890
24,389
36,668
31,192
33,297
27,977
38,888
38,710
40,838
190,066
1,317
2,963
3,362
3,051
3,558
6,063
9,907
11,817
7,783
7,159
4,658
5,367
4,497
3,277
12,104
19,109
17,990
14,200
10,543
8,183
10,883
15,836
17,118
11,461
8,151
5,898
11,687
7,847
10,785
j 5,360
) 11,306
) 3,062
( 1,359
' 294
1.56?
9,117
26,024
34,265
36,703
36,498
65,235
130,973
215,174
197,440
179,296
162,011
405,743
351,637
656,571
462,479
1,657,509
995,162
904,245
409,285
'3,204
6,616
9,650
9,126
10,095
14,468
36,414
45,340
36,267
29,822
27,648
52,104
40,698
66,679
45,576
117,057
58,787
31,947
11,831
'1,426
10,070
13,713
11,510
8,792
7,308
9,363
14,617
14,930
10,181
7,297
5,255
10,767
7,239
10,038
4,921
9,573
2,887
1,051
293
5,637
19,744
27,618
30,796
32,686
55,833
120,859
188,826
175,915
160,697
144,305
374,790
324,328
611,474
425,442
1,405,155
934,673
705,600
407,494
3,011
9,379
12,583
10,916
11,194
18,488
37,904
50,507
40,110
34,110
29,616
55,241
74,117
$75,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
48,151
138,554
61,995
35,618
12,191
_
Manufacturing — Continued
Food and kindred products, including beverages
Lumber and wood products, except furniture
23,235
1,776,790
102,237
20,462
1,644,109
110,810
47,494
1,271,164
91,901
40,155
1,003,026
109,937
1 1,279
1,440
1,007
1,004
1,611
1,006
1,641
941
941
872
2,346
2,052
2,117
845
2,150
1,044
574
194
(2)
1,209
3,482
3,363
4,378
9,606
8,396
21,188
16,096
20,592
24,247
81,823
91,357
129,618
75,338
319,760
335,154
362,673
268,510
'343
354
181
748
2,373
2,687
3,713
1,709
2,593
2,888
10,138
10,995
10,645
5,804
17,935
12,367
12,319
5,419
(2)
\ 1,742
j 1,575
! 2,380
1,541
806
1 1,611
2,346
2,048
2,016
742
2,047
944
470
194
3,244
6,187
16,347
19,797
13,922
40,129
81,823
91,188
122,762
65,896
306,428
300,606
307,270
268,510
1,1/49
1,759
5,329
3,715
2,483
5,751
10,138
10,997
11,063
6,161
20,548
13,613
12,685
5,419
( 3,657
< 5,394
( 4,723
| 2,648
) 2,712
j 3,554
j 3,987
4,459
3,290
j 2,146
I 1,279
2,449
874
1,985
776
2,574
392
251
6
<2>
2,234
7,708
11,425
9,542
11,956
21,356
32,287
55,763
57,174
47,621
35,367
85,064
39,560
116,521
66,228
350,499
129, 337
178,659
12,863
l484
2,866
5,197
2,019
4,377
3,996
7,966
5,896
6,850
4,449
2,336
6,827
2,126
9,224
6,370
12,512
5,738
3,855
'64
(2)
2,412
4,655
4,622
2,245
2,511
2,982
3,616
3,386
2,988
1,845
1,140
2,248
| 2,423
776
1,798
353
150
5
1,634
6,756
11,143
8,136
11,088
17,856
29,027
42,805
52,047
41,070
31,730
78,177
133,768
66,228
236,537
112,900
111,052
11,072
812
$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
$250,000 under $500,000
$500,000 under $1,000,000
5,175
8,601
8,277
7,232
5,629
3,460
7,105
13,150
6,370
16,504
7,631
4,576
296
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
26
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 2 .— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Businesses with and without net profit
Businesses with net profit
3usinesses with and without net profit
Business with net profit
Size of business receipts
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
( Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thouaand
dollars)
Number of
businesses
Business
receipts
(Thouaand
dollars)
Net profit
( Thouaand
dollars)
Manufacturing — Continued
Printing, publishing, and allied industries
Other manufacturing
28,042
739,984
102,480
23,373
671,323
115,755
93,863
3,147,429
348,877
75,815
2,833,414
389,173
Under $1,000
$1,000 under $2,000
2,633
2,082
1,954
1,078
976
1,413
1,934
3,693
2,420
1,312
1,246
2,326
778
1,499
918
1,487
(2)
(2>
1,152
2,970
4,676
3,819
4,548
8,600
16,551
46,540
41,541
28,864
34,117
82,066
35,302
91,155
79,864
210,037
( = »
(2)
'290
351
298
766
830
2,965
5,445
10,832
9,066
5,756
8,573
12,211
6,499
13,289
9,314
12,707
(2)
(2)
1,344
1,207
1,217
875
841
1,276
1,982
3,189
2,318
1,275
1,246
2,190
778
1,494
918
1,082
(2)
759
1,713
2,866
3,151
3,987
7,346
16,534
40,309
39,780
23,060
34,117
77,353
35,302
90,868
79,864
160,132
(2)
355
785
1,131
1,275
910
3,152
5,452
12,062
9,217
5,858
8,573
13,016
6,499
13,443
9,314
20,748
(2)
(2)
12,080
9,974
6,083
5,810
3,491
4,305
8,859
7,325
4,810
3,752
2,501
4,566
4,143
5,184
2,821
5,095
1,491
528
94
951
5,346
14,522
14,682
19,979
15,616
25,673
73,739
91,683
82,629
82,219
68,280
156,790
185,418
319,277
241,049
777,213
486,427
358,975
127,912
'1,917
3,229
3,801
6,160
4,140
5,134
20,316
24,899
18,642
17,024
13,851
22,928
21,078
33,521
24,088
73,903
37,234
15,256
6,476
'886
6,013
7,414
4,667
5,001
3,052
3,629
8,115
6,814
4,069
3,338
2,097
3,983
3,740
4,778
2,485
4,646
1,455
425
94
3,074
10,636
11,174
17,272
13,661
21,443
67,639
85,415
70,166
73,046
56,850
137,437
167,241
294,673
213,454
702,058
476,923
283,340
127,912
1,717
5,153
5,418
$4,000 under $5,000
$5,000 under $7,000
$7,000 under $10,000
$10,000 under $15,000
$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 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
7,002
4,498
7,679
21,004
26,453
21,178
19,776
14,679
24,982
22,055
38,900
26,306
80,754
37,303
17,840
6,476
Transportation, communication, and sanitary services
Wholesale and retail trade
Total wholesale and retail trade
287,661
4,362,621
540,130
233,835
3,784,378
619,534
1,944,759
87,062,497
5,454,649
1,578,520
77,677,904
6,063,866
21,105
30,303
27,501
26,240
20,978
33,610
33,822
34,637
16,291
10,109
4,447
7,450
4,325
5,477
3,073
4,645
965
370
117
1,696
12,376
45,063
68,536
90,749
93,843
199,619
285,245
420,707
281,796
226,860
122,844
256,798
214,577
341,382
268,995
721,020
330,883
238,681
142,647
'1,052
6,112
20,043
28,651
25,122
55,083
70,803
79,967
54,027
31,455
18,695
26,470
18,801
24,388
27,049
35,484
12,257
6,434
2,519
'2,178
11,724
22,418
23,203
22,784
18,093
28,083
28,987
28,965
14,305
8,325
3,807
6,639
4,087
4,498
2,668
3,840
925
369
115
7,618
33,566
57,915
78,767
81,139
167,277
244,736
353,225
248,120
186,548
104,527
228,386
181,880
275,307
232,632
604,457
320,435
238,112
139,731
3,440
13,921
24,981
32,247
28,381
62,852
77,868
90,998
57,881
36,160
19,895
31,446
22,579
26,805
28,244
39,681
13,147
6,444
2,564
129,364
102,934
75,202
66,740
57,556
101,546
134,492
178,792
137,195
114,778
95,984
154,180
114,714
178,770
100,257
148,977
31,975
7,804
3,679
9,820
63,574
151,829
186,232
231,692
257,865
605,312
1,138,792
2,212,079
2,382,357
2,569,415
2,646,130
5,367,972
5,152,395
10,881,755
8,663,512
22,175,734
10,721,263
5,319,803
6,334,786
'13,225
19,804
25,006
36,247
43,981
101,525
167,771
299,152
275,702
273,336
259,115
481,172
416,535
795,349
550,434
1,141,202
365,658
132,908
94,763
'11,786
67,900
72,386
53,621
47,978
43,659
78,895
106,609
144,423
112,772
97,446
83,025
136,483
103,633
162,207
92,681
135,826
28,566
7,149
3,261
37,710
107,383
132,647
167,149
196,278
469,967
902,624
1,790,071
1,958,750
2,183,467
2,291,726
4,756,162
4,654,922
9,876,857
8,017,917
20,248,083
9,555,409
4,873,543
5,457,239
17,576
40,600
$2,000 under $3,000
$3,000 under $4,000
46,028
53,027
58,486
$7,000 udner $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 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
205,075
359,559
317, 143
313,382
282,530
526,152
445,693
841,208
585,836
1,207,188
399,502
136,785
Wholesale and retail trade — Continued
Wholesale trade
Total retail trade
i06,403
17,060,590
1,305,877
261,771
15,340,815
1,395,990
1,547,858
65,438,678
3,868,716
1,242,720
58,095,729
23,093
19,852
16,965
16,117
1/4,435
22,616
26,771
31,786
19,882
11,639
9,787
14,355
11,256
17,395
10,200
24,061
8,132
2,766
1,948
3,347
12,567
29,667
41,785
55,963
64,757
134,776
225,917
390,146
345,428
259,993
270,670
502,922
505,908
1,055,783
889,669
3,780,725
2,747,501
1,929,696
3,816,717
'3,970
6,101
14,072
18,905
21,605
51,263
81,179
132,222
92,836
78,869
57,914
93,475
67,433
117,863
73,873
191,522
105,757
53,036
55,853
'3,931
13,6 16
15,408
14,474
13,227
12,113
20,955
24,510
28,887
17,625
10,855
8,639
12,901
9,341
16,238
9,512
21,637
7,554
2,523
1,736
8,292
23,312
35,654
45,827
54,379
124,844
206,420
354,402
306,179
242,487
239,160
452,219
420,853
985,881
829,742
3,407,436
2,547,842
1,775,411
3,280,475
4,846
10,752
16,906
21,182
23,713
55,310
84,469
142,563
97,287
80,389
59,253
98,029
71,125
121,427
77,362
206,005
109,850
55,065
60,457
97,427
75,444
54,110
47,000
40,467
73,666
102,116
140,062
112,244
99,341
82,060
134,379
99,586
153,448
86,309
116,626
21,949
4,661
1,202
5,761
46,564
111,175
134,290
162,950
181,170
439,488
865,624
1,736,565
1,950,050
2,225,279
2,259,830
4,674,918
4,474,119
9,346,927
7,451,708
17,081,367
7,356,080
3,133,019
1,807,555
'7,564
10,500
9,122
14,639
18,871
42,797
75,676
156,122
170,764
183,472
187, 811
375,099
335,106
640,193
452,560
877,069
229,616
71,480
32,325
'6,942
50,097
50,786
35,996
31,765
29,531
53,112
77,169
109,937
90,982
83,466
70,788
119,013
90,890
138,586
79,591
106,504
19,258
4,251
998
26,883
75,068
89,292
110,661
132,761
316,626
654,562
1,366,884
1,581,568
1,871,465
1,951,732
4,144,412
4,082,955
8,446,352
6,880,592
15,622,635
6,430,880
2,842,148
1,468,253
11,522
25,675
26,235
28,617
30,778
64,513
108,807
203,011
206,041
221,352
209,151
410,334
357,811
680,442
484,045
926,248
258,887
73,328
33,154
$4,000 under $5,000
$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
140,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
Footnotes it end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
27
SOLE PROPRIETORSHIPS
Table. 2.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT
BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Businesses with and without net profit
Businesses with net profit
Businesses with and without net profit
Businesses with net profit
Size of business receipts
Number of
businesses
Business
receipts
(Thousand
dollara)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thouaand
dollars)
Number of
businesses
Business
receipts
I Thousand
dollara)
Net profit
(less loss)
(Thousand
dollara)
Number of
businesses
Business
receipts
( Thousand
dollars)
Net profit
(Thousand
dollars)
wholesale and retail trade — Continued
Retail trade — Continued
Grocery stores, meat, fish, fruit, and vegetable markets
General merchandise
Total
257,176
14,247,692
631,261
219,091
12,915,636
683,984
179,113
3,445,378
270,568
138,117
3,126,101
303,174
Under $1,000
$1,000 under $2,000
$3,000 under $4,'000
$4,000 under $5,000
$10,000 under $15,000
$15,000 under $20,000
$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 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
3,484
4,686
3,954
5,161
3,751
9,311
14,027
22,277
19,991
17,353
15,310
28,369
22,952
35,890
17,115
26,619
5,371
1,079
275
(2)
2,179
6,698
10,071
18,082
16,581
54,910
119,839
277,318
349,613
387,888
420,688
985,445
1,032,518
2,183,330
1,483,657
4,025,931
1,773,979
708,279
390,686
'373
467
198
2,820
1,422
3,205
7,178
14,670
21,529
21,773
27,653
58,050
61,067
114,315
69,071
147,689
51,644
18,724
10,589
(2)
2,009
2,777
2,512
3,955
2,747
6,699
10,981
16,684
16,976
14,808
13,701
25,324
21,345
32,037
15,910
24,476
4,898
979
273
1,335
3,837
6,528
13,938
12,122
39,455
94,213
208,682
297,965
330,652
377,228
882,103
960,885
1,947,606
1,379,008
3,720,709
1,625,322
625,679
388,369
560
1,262
1,017
3,321
2,029
5,870
10,299
20,249
24,840
23,604
29,836
62,362
65,443
121,183
71,752
156,373
54,174
19,198
10,612
43,149
21,527
12,361
8,182
5,896
9,520
11,198
12,673
7,9U
6,710
5,668
8,292
5,978
9,137
4,548
4,559
738
j 220
843
20,121
31,291
30,422
28,023
26,499
56,422
94,516
157,730
136,263
150,232
154,083
283,985
265,634
554,122
390,827
664,533
239,658
161,017
'37
5,803
5,468
5,460
5,554
7,452
13,526
23,121
17,825
18,601
12,309
20,627
21,419
37,723
25,229
37,880
8,584
4,465
'441
24,539
15,964
9,779
6,736
4,992
7,678
9,520
10,461
6,541
6,239
5,029
6,945
5,641
8,397
4,480
4,319
637
220
12,778
23,616
24,198
23,062
22,483
44,812
80,057
130,428
112,620
139,644
136,703
237,339
249,721
510,721
384,514
626, Ul
206,277
161,017
5,600
8,242
6,658
6,337
6,487
9,719
16,108
25,303
19,191
19,334
14,847
23,705
22,011
40,096
25,841
39,691
9,539
4,465
-
Retail trade — Continued
Apparel and accessories
Furniture, home furnishings, and equipment
Total
69,690
2,854,361
224,059
58,160
2,624,728
254,383
66,225
2,882,453
215,616
52,406
2,551,004
245,257
2,752
3,386
2,484
2,511
1,880
3,954
5,403
5,133
4,127
5,266
3,019
5,839
5,098
7,323
4,406
5,887
874
(2)
2
(2)
1,366
5,081
6,000
8,743
8,525
23,641
45,657
64,026
72,341
119,636
82,715
205,953
226,469
441,764
383,304
812,827
273,049
(2)
2,032
'194
672
1,045
1,330
367
5,529
4,366
8,226
6,723
1,899
6,965
19,783
18,531
37,076
35,708
58,530
14,011
(2)
150
(2)
1,578
2,344
1,879
2,009
1,475
3,016
3,994
4,328
3,351
3,687
2,718
5,502
4,995
6,813
4,102
5,382
874
(2)
2
890
3,509
4,513
7,037
6,698
17,924
33,985
54,429
58,940
83,669
74,827
193,005
221,999
410,940
356, 814
749,236
273,049
(2)
2,032
371
1,537
1,577
1,831
1,588
6,300
7,398
10,980
8,651
11,206
8,089
21,075
19,177
38,809
36,612
61,575
14,011
(2)
150
2,751
2,985
3,619
1,575
2,481
2,512
3,386
6,366
4,091
4,625
2,984
5,707
4,399
7,431
3,719
6,288
988
111
2
(2)
1,123
4,518
9,147
5,383
11,103
15,277
28,722
79,416
70,685
103,151
81,769
199,682
198,033
448,530
317,011
924,719
316,494
65,422
2,268
'603
'915
2,079
163
2,164
2,087
5,196
13,615
7,024
8,424
6,927
U,428
19,279
39,949
22,924
56,090
13,993
2,922
157
(2)
} 2,383
2,514
973
1,945
1,709
3,085
5,460
3,051
3,454
2,180
4,768
3,997
6,993
3,115
5,779
887
111
2
2,935
6,361
3,368
8,682
10,467
26,318
68,106
52,884
77,199
59,298
166,966
178,892
422,770
267,348
852,325
279,395
65,422
2,268
767
$2,000 under $3,000
$3,000 under $4,000
$4,000 under $5,000
2,561
650
2,587
2,939
6,139
15,007
9,000
11,188
7,693
21,967
21,654
41,706
24,346
58,664
15,310
2,922
157
$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
$40,000 under $50,000
$50,000 under $75,000
$75,000 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 or more
Retail trade — Continued
Automotive dealers
Gasoline service stations
Total
63,149
7,618,244
174,444
46,311
6,148,558
231,545
203,960
11,410,024
516,670
165,656
10,155,558
580,730
Under $1,000
$4,000 under $5,000
$5,000 under $7,000
$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 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
2,188
2,179
1,342
1,909
1,481
2,250
2,545
4,293
3,047
3,087
2,078
4,127
3,654
6,188
4,774
8,021
6,293
2,416
672
(2)
955
3,319
3,292
6,772
6,521
13,683
20,969
53,166
52,854
69,805
56,890
141,728
164,745
388,890
413,810
1,281,959
2,229,029
1,651,342
1,058,515
*315
433
'2,195
1,635
'461
1,098
429
4,892
3,273
3,794
1218
9,599
6,461
22,799
11,322
42,479
28,793
28,299
13,212
(2)
> 2,948
1,605
774
1,543
1,406
2,949
2,273
2,212
1,172
3,289
2,983
5,143
3,867
6,613
4,783
2,280
471
4,327
5,720
3,395
9,332
11,728
36,516
39,844
50,661
32,141
113,151
134,436
324,887
338,287
1,065,202
1,688,794
1,567,310
722,827
1,535
1,882
982
2,449
1,759
6,792
4,688
5,925
2,559
11,057
9,585
25,846
22,890
47,482
43,358
28,786
13,970
( 1,611
{ 2,680
I 3,319
2,379
2,750
7,568
7,374
13,194
11,699
11,528
11,826
20,738
18,394
35,735
24,427
26,919
1,468
i 116
(2)
932
4,036
8,357
8,382
12,266
45,993
62,745
163,404
204,390
258,029
325,865
730,934
827,268
2,206,461
2,116,022
3,795,115
488,872
150,953
'461
609
704
'160
810
735
2,723
6,859
8,162
13,488
20,767
34,480
39,900
109,916
102,150
160,217
14,777
2,272
(2)
| 2,209
1,744
1,440
1,710
4,553
4,524
9,240
7,742
9,380
9,679
16,951
15,443
31,743
22,916
25,001
1,266
115
2,897
4,312
5,127
7,738
27,688
38,596
114,188
135,404
210,637
267,186
598,661
693,894
1,966,435
1,982,556
3,527,635
422,948
149,656
993
1,555
1,227
1,336
3,435
5,950
11,151
13,347
16,996
23,081
41,434
45,341
119,995
106,110
168,370
18,089
2,320
-
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
691-248 O - 63
28
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 2 . —NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Size of business receipts
Businesses with and without net profit Businesses with net profit
Number of
businesses
Business
receipts
{ Thouiaitd
dollarm)
Net profit
(less loss)
(Thouaand
dollara)
Number of
businesses
Business
receipts
(Thouaand
dollar*)
Net profit
I Thouaand
dollar*)
Businesses with and without net profit Businesses with net profit
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
(Thouaand
dollar*)
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(Thouaand
dollar*)
Total.
Under $1,000
$1, 000 under $2, 000
42, 000 under $3, 000
£3, 000 under $4, 000
$4,000 under $5,000
,5,000 under $7,000
17,000 under $10,000
,10,000 under $15,000
:;15,000 under $20,000
: 120,000 under $25,000
: ;25, 000 under 430, 000
:;30,000 under 140,000
.40, 000 under ! 50, 000
; ,50, 000 under : ,75, 000
,75, 000 under $100, 000
MOO, 000 under $250,000...
!, 250, 000 under $500,000...
1,500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
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 j>7, 000
,7,000 under $10,000
,10,000 under $15,000
,15,000 under $20,000
120,000 under $25,000
425,000 under 430,000
$30,000 under $40,000
$40,000 under $50,000
$50, 000 under $75, 000
$75,000 under $100,000. . . .
$100,000 under $250,000...
$250,000 under $500,000...
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
Total.
Under $1, 000
! 1,000 under $2,000
2,000 under $3,000
3,000 under 44,000
4, 000 under $5, 000
$5, 000 under $7, 000
!7, 000 under £10, 000
10,000 under $15,000
15,000 under i20,000
20, 000 under $25, 000
$25,000 under $30,000
430,000 under $40,000
$40,000 under $50,000
150, 000 under $75, 000
$75,000 under $100,000....
$100,000 under $250,000...
4250,000 under $500,000...
$500,000 under £1,000,000.
$1, 000, 000 or more
Receipts not reported
Wholesale and retail trade — Continued
294, 588
7,174
9,684
9,883
8,242
8,113
16,919
28,509
39,498
30, 426
28,384
20,950
30, 952
18,471
18,840
7,630
8,460
734
172
37
1,510
90,496
8,844
7,638
4,127
3,623
2,654
5,264
5,605
6,944
5,069
3,798
4,137
5,446
3,872
7,927
3,748
8,290
1,894
377
529
712
162, 400
27, 788
21,011
12,038
10,390
8,359
17,063
18, 259
15,867
10,757
5,538
3,059
3,263
2,207
2,668
1,017
1,527
119
IS
8
1,444
Retail trade — Continued
Eating and drinking places
7, 944, 739
4,026
14, 756
24, 747
28, 674
36,114
102, 068
240,446
489,200
527, 246
632,002
578,344
1,075,499
829, 833
1, 130, 772
651, 754
1, 166, 713
245,460
125, 697
41,388
631, 788
'791
'195
'1,513
412
643
3,018
16,157
38,374
50, 625
59,824
58,120
105,038
76, 635
89,231
51, 971
67,753
13,970
3,117
1,580
'2, 181
230, 336
2,112
5,761
5,830
3,920
5,329
10,721
20,399
30,347
25,263
24,561
18,770
28,202
17, 261
16, 278
7,190
7,451
732
172
37
6, 972, 220
1,417
8,623
14, 598
13,620
23,614
65,384
171, 881
378,204
436,415
547, 352
519, 175
981, 880
775,365
978, 876
615,254
1, 028, 121
244,956
125, 697
41,388
507
2,304
3,222
2,815
3,661
9,065
24,758
51,391
57, 637
68,970
60, 922
110, 921
79,435
96,454
52, 305
76,334
14,018
3,117
1,580
Wholessle and retail trade — Continued
Wholesale and retail trade not allocable
4, 563, 229
4,443
10,987
10,157
12,779
11,938
31,048
47, 251
85,368
86,879
84,143
115,630
190, 132
172, 368
479,045
322,135
1,313,642
617, 682
257, 088
710, 514
'1,691
3,203
1,812
2,703
3,505
7,465
10, 916
10, 808
12,102
10,995
13,390
12,598
13,996
37,293
24,001
72,611
30,285
8,392
74,029
4,167
6,192
3,151
2,986
2,015
4,828
4,930
5,599
4,165
3,125
3,598
4,569
3,402
7,383
3,578
7,685
1,754
375
527
2,535
9,003
7,701
10, 661
9,138
28,497
41,642
68, 785
71,003
69,515
100, 834
159, 531
151,114
444,624
307, 583
1,218,012
576, 687
255,984
708, 511
307, 925
1,208
4,173
2,887
3,228
3,995
8,006
11,799
13,985
13,815
11,641
14,126
17,789
16,757
39, 339
24,429
74,935
30,765
8,392
6,656
Other retail trade
413,957
34,318
28,317
17,148
17,041
14,115
21, 632
29,674
36, 628
30,949
22,388
20, 225
30,355
20,640
32,904
19, 690
29,873
5,483
549
101
1,927
15,862
41,476
42,254
58,891
63, 561
127,494
252, 730
452, 305
536, 658
504, 536
559,476
1, 051, 692
929, 619
1, 993, 058
1, 695, 323
4,409,570
1, 789, 539
374, 283
137,460
1, 204, 310
'4,790
3,626
3,336
2,979
8,372
19, 673
26, 101
46,365
55, 603
55,669
55, 288
113,094
91, 814
169,184
134,185
306,431
83,844
11,009
3,863
'1,336
332, 643 13, 601, 924
17,816
19,046
11,135
11,127
10, 559
17, 193
23,260
30,468
25, 785
19,125
17,539
28,032
19, 225
31, 182
18,011
27,483
5,181
375
101
9,488
27, 788
27, 293
38,589
47,829
101, 564
197, 784
376, 331
447,496
431,651
485, 174
971, 307
867, 763
1, 884, 117
1, 556, 811
4,053,296
1, 690, 139
250,044
137,460
1,341,462
4,004
10, 050
9,110
10,554
12, 108
24, 736
36, 396
62, 138
68,687
64,129
62,124
117,813
95, 165
196,353
144,189
317, 759
90,388
11,896
3,863
Finance, insurance, and real e6tate
482,909
88,494
70, 722
43, 569
36,228
29,173
42,455
43,604
39,762
22, 961
14,498
7,826
10,042
6,111
7,452
2,904
4,638
594
240
125
11,511
5, 293, 971
46,111
102, 199
107, 383
125,416
130,872
252, 962
362,544
485,410
396,497
322,441
214, 332
348,191
270,607
453,462
252,993
677,933
196, 075
142, 247
406, 296
'8, 218
27, 632
44,167
53,369
59, 383
127, 563
183,320
227, 020
171, 442
129,991
80, 832
120,006
67, 854
104,248
42,067
85, 276
13,422
694
2,959
'15, 599
396, 882
50, 124
56, 577
38,946
32,768
26, 618
40,394
41, 593
37,709
21,521
13,869
7,516
9,219
5,369
6,817
2,660
4,374
565
101
122
4, 883, 596
29,657
82, 588
96,177
113,468
119, 767
240,847
346,355
460,644
372, 149
308, 740
205, 507
319, 819
238,091
414, 527
231, 764
642, 979
193, 078
65,877
401, 562
1,648,840
15,842
42, 283
48,578
59, 671
63, 394
131,002
191, 232
238, 711
179, 565
131, 998
83, 657
125, 241
71, 470
108, 127
43,654
88,451
15,026
7,743
2,995
Finance, insurance, and real estate — Continued
Insurance agents, brokers, and services
1, 758, 200
14, 780
30,531
29,445
36,203
37,395
102,733
152,715
193,954
166,601
124,564
83,699
113,590
98,120
164,601
87,250
236,075
37, 124
12, 591
16,029
691, 508
3,419
11,562
14,946
18, 174
20, 396
56, 058
83, 323
105, 211
95, 930
59,707
40,624
50,607
31,720
38,427
20,620
34,973
6,428
1,134
467
'2,218
146,984
20,291
17,951
11,294
9,855
8,086
16, 625
17, 683
15,498
10, 755
5,502
3,059
3,161
2,107
2,429
1,017
1,526
119
16
1, 711, 071
11,582
26,222
27,635
34,377
36,168
100, 178
148, 221
189, 965
186, 568
123,779
83, 699
109, 926
93, 556
150,250
87,250
235,951
37,124
12, 591
16,029
706, 825
6,730
14,418
15,350
18,680
20,954
56, 194
84,498
107,010
95,934
59,748
40,624
51,025
31,898
40,133
20,620
34,980
6,428
1,134
467
Real estate operators ( except developers) and lessors
103,882
29,109
23, 933
11,427
7,654
5,241
7,192
5,025
4,732
2,279
1,753
965
975
464
510
249
185
15
510, 566
14,772
34,475
28,268
25,972
23,421
41,545
40,618
58,541
39,090
38,758
26, 869
33,260
21,918
30,120
20,709
25, 374
6,856
104, 878
'7,135
6,932
9,861
7,069
7,562
13,649
13,688
13,284
7,398
9,502
2,404
5,911
5,773
4,033
4,374
2,931
'237
74,107
13,312
18,425
9,891
6,526
4,685
6,434
4,665
4,313
1,630
1,507
694
1,131
468
424
2
432,431
8,003
26,868
24, 385
22,060
20,958
37,125
37, 697
53,360
27,982
33, 575
19,135
44,783
27,607
47,040
1,853
152, 239
4,016
13,268
11,065
10,284
8,134
15,041
16, 257
19, 358
11, 807
10,536
5,181
13,420
4,646
9,111
115
Pootnotee at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961 29
SOLE PROPRIETORSHIPS
Table 2.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Size of business receipts
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
( Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thous,
dolla.
(Thousand
dollars)
Businesses with and without net profit
Number of
businesses
Business
receipts
Net profit
(less loss)
(Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
(Thousand
dollara)
Total.
Under $1,000
$1, 000 under $2, 000. .
.2,000 under ^3,000. .
3, 000 under $4, 000. .
,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
130, 000 under
:^0,000 under
i 150,000 under
1175,000 under
$100, 000 under $250, 000. . .
1250, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
Total.
Under $1, 000
$1, 000 under $2, 000
£2, 000 under $3, 000
S3, 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 under $250,000...
$250, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported. ....
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
S15, 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 under $250,000...
$250, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
Finance, insurance and real estate — Continued
Real estate agents, brokers, and managers
142, 487
23, 119
18, 971
15, 970
13,845
12, 254
12, 970
13,155
10, 788
4,204
3,346
1,376
2,375
1,109
1,407
6,182
12, 400
27,177
39, 247
48, 522
55, 166
77,454
110, 438
131,059
73,014
74,085
37, 542
80, 880
48,929
86, 100
386, 742
13,O03
6,849
15,643
21, 579
25, 071
43,094
60, 727
63, 025
31, 690
26, 363
15,047
24, 536
12,318
26, 376
'4,904
114, 639
12, 229
14, 730
14, 117
12,672
11, 104
12, 594
12, 751
10, 174
3,897
3,137
1,376
2,202
1,075
1,373
1,208
7,678
21,385
35,020
44,460
50, 257
75,220
107,130
123, 587
67, 817
69, 500
37,542
74,841
47,475
83, 794
416, 916
3,844
9,952
17, 253
23,682
27, 538
44,599
61, 257
64,195
32, 627
26,800
15,047
26,845
12, 387
27, 058
Other finance, insurance, and real estate
74, 140
8,478
6,807
4,134
4,339
3,319
5,230
7,165
8,375
5,721
3,861
2,426
3,429
2,331
2,867
1,067
2,160
388
215
117
1,711
1, 945, 315
4,159
10,016
10,423
14, 719
14,890
31,230
58,773
101, 856
97, 792
85,034
66,222
120,461
101,640
172,441
93, 298
321, 858
125,239
124,997
390, 267
334,300
1 1,499
2,289
3,717
6,547
6,354
14, 762
25, 582
45,500
36,424
34,419
22, 757
38,952
18,043
35,412
10, 632
32, 953
5,509
'189
2,492
16,356
61,152
4,292
5,471
3,644
3,715
2,743
4,741
6,494
7,724
5,239
3,723
2,387
3,187
1,725
2,547
931
2,014
382
79
114
2,394
8,113
9,137
12,571
12,384
28, 324
53, 307
93, 732
89, 782
81,886
65,131
112, 097
75, 232
152, 876
81, 670
299, 664
123, 239
50, 390
385, 533
1,966,068
304, 753
254, 063
185,933
145, 768
115, 315
169, 463
163, 965
164, 201
112, 175
72,073
61,246
76,200
42,461
47, 626
14, 870
14, 552
1,341
253
116
19, 694
23,256,055
159, 995
371, 193
458,404
505, 784
515,643
1, 001, 733
1, 379, 959
2, 021, 503
1,945,498
1, 608, 930
1, 677, 621
2, 634, 218
1, 895, 449
2, 848, 528
1, 281, 195
2,019,486
436,348
167, 336
327, 232
8, 059, 667
'361
124, 091
179, 129
209, 546
227,096
419,967
534, 256
741, 006
708, 107
638, 225
638, 891
1, 051, 323
756, 974
1, 024, 066
371, 870
389, 274
50,229
9,162
9,801
1 22, 985
203, 693
211, 902
162, 901
128, 656
105,591
155,079
152,555
153,558
105, 611
69, 509
58,493
73, 809
40, 949
45, 333
14, 197
13,786
1,297
179
111
118,751
309, 501
402, 526
446, 290
472, 593
916, 756
1, 283, 980
1, 890, 072
1,831,305
1, 552, 915
1, 601, 716
2, 553, 907
1, 826, 228
2, 711, 509
1, 221, 751
1, 889, 361
423,437
113, 555
280,492
8,420,251
74, 222
164,931
212, 599
232. 703
239. 704
439,029
560,469
762, 927
725, 517
645,681
649,441
1,062,954
767, 426
1,035,404
378,441
394,323
53,100
10, 937
10,443
Personal services
465, 935
60,000
66, 855
53,003
50, 991
36, 782
53, 749
41, 630
39, 119
20, 587
9,142
8,328
9,727
4,341
5,358
2,117
1,643
278
(2)
2
2,247
3, 913, 645
34,452
99, 265
132, 063
177, 247
164, 243
316, 119
347,800
482,514
351, 880
204,731
226, 572
334,893
193, 104
324, 390
186, 987
219,928
92,259
(25
3,088
1,028,480
10,058
36, 678
57, 511
80,025
75,815
139, 872
126, 918
120, 232
79, 571
46, 493
43,007
62,930
36, 289
48,678
30, 693
27,785
6,901
(25
120
'1,794
419, 138
43,806
59, 546
49, 982
47, 203
34,569
50, 256
39, 211
35, 770
19, 612
8,672
7,893
9,389
4,236
4,957
2,082
1,638
278
(2)
2
26, 863
88, 373
124,604
163, 814
154,454
295,439
327, 283
440, 033
334,990
194, 535
214, 799
323,254
188, 260
299, 559
184,327
218, 827
92,259
<25
3,088
1,074,757
16, 861
43, 282
60, 507
83,278
79, 892
144,060
130,701
126,488
81,349
47, 230
43, 361
65, 038
37,003
49, 386
30,693
27,909
6,901
(25
120
Lodging services
131,461
17,057
21,121
13,824
10, 924
8,920
12,116
12,461
9,780
7,237
3,645
3,798
3,478
2,095
1,984
1,028
693
54
1, 343, 204
10,148
30,977
33,909
38,278
39,701
71,744
103, 649
119, 859
126,554
80,844
104, 619
119, 132
95,221
115,740
88, 551
103, 319
19,353
41,606
102, 619
'4,637
'3,638
'4,128
972
3,311
8,565
12,656
11,357
13,736
5,530
9,912
12,622
9,894
13,843
5,684
7,290
1,369
'70
'1,649
86, 865
8,773
13,267
8,212
6,768
6,333
9,015
9,487
6,919
5,348
2,600
3,157
2,635
1,524
1,510
720
545
51
1
955,659
5,765
19, 526
20,266
23,723
28, 396
53, 514
78, 985
84,364
93, 405
58, 270
86,495
90, 588
68, 994
87,041
60, 824
75,804
18,403
1,296
Business services
207,430
44,786
33,709
19,301
13,106
12,959
19,222
15,457
13,881
8,359
4,602
4,133
3,807
2,855
3,467
1,290
2,578
357
90
22
3,449
2, 198, 704
23,409
49,278
46,836
45,025
58, 196
115,439
129,323
171,848
145,053
103, 102
113,325
133,354
128,784
204,983
109, 924
379, 541
118, 786
60,882
61, 616
522, 221
'12,693
18, 941
19,799
17, 237
28, 810
51,254
53,273
64,748
50, 750
33,412
26,771
38, 710
25,477
34,879
19, 378
37,947
8,966
2,485
5,719
'3,642
171, 922
30, 140
27, 882
16,718
11, 141
11, 951
16, 980
14, 633
13,224
7,608
4,393
3,788
3,669
2,580
3,324
1,152
2,338
323
56
22
1, 995, 547
17,751
40,471
40,635
38,293
53, 691
101,999
122, 545
163, 691
132, 118
98, 533
103, 419
128,726
116, 742
197,129
97,789
338, 149
109, 270
32, 980
61, 616
372, 860
1,252
4,645
4,910
7,225
6,768
15,168
29,220
48,148
39, 197
34,914
22, 805
39, 751
21, 385
36,290
11, 151
34,383
6,719
6,401
2,528
3,040
6,852
6,375
5,968
7,328
12, 675
18,744
17,275
19, 796
9,137
12,732
16,401
11, 359
15,825
8,486
8,522
1,419
229
580, 782
11,300
23, 398
22, 832
20, 621
29,584
54,004
56,426
65, 851
52,937
33,711
28, 286
39,046
27,394
35,039
20, 821
39,569
11,421
2,823
5,719
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
30 U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 2 . —NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Size of business receipts
Businesses with and without net profit
Number of
businesses
Business
receipts
( Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollara)
Serv ic es — Continued
Total
Under $1, 000
!ls 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, COO
$10, 000 under $15, 000
$15, 000 under 120, 000
$20,000 under $25,000
425,000 under ji30,000.
$30, 000 under $40, 000
$40,000 under $50,000
$50,000 under $75, 000. . . .
$75, 000 under $100, 000
S 100, 000 under $250,000..
250,000 under $500,000..
500,000 under $1,000,000.
1,000,000 or more
Receipts not reported
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
: M>, 000 under $50, 000
150, 000 under $75, 000
75, 000 under $100, 000
! 100, 000 under $250,000...
250, 000 under $500, 000. . .
500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
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
1,10,000 under $15,000
$15, 000 under $20, 000
$20, 000 under $25, 000
$25, 000 under $30, 000
P,000 under 1:40,000
,000 under 1:50,000
,000 under 1:75,000
, 000 under $100, 000. . . .
: :100, 000 under $250, 000. . .
.250,000 under $500,000.. .
.500,000 under $1,000,000.
:. 1,000, 000 or more
Receipts not reported
126, 328
9,560
10,784
9,652
6,840
7,098
10, 859
14,409
14,240
9,924
7,013
5,503
6,413
3,600
5,184
2,041
2,459
213
(2)
392, 281
26,745
30,527
29,978
22,446
17,215
21, 219
25, 323
35,856
34,004
30,870
25,725
37, 076
22,489
22,097
5,144
3,716
121
49
1,781
83,832
912
1,278
1,580
1,041
2,182
4,968
6,894
12,400
11, 968
10, 635
9,215
10, 976
4,414
4,134
700
289
<2)
(2)
Automotive services
5,569
16,041
24,005
23,854
31, 595
64,283
122, 153
175, 469
172, 322
155,642
150,944
222,812
161, 220
313,847
176, 149
354,965
90,094
318, 372
494
5,194
8,759
7,076
11,054
16,577
34,069
39,115
31, 219
27,039
20,493
25,419
20,516
27,084
16, 022
25,497
3,169
(2)
5,599
8,807
8,443
5,998
6,561
9,786
13,570
13,032
8,753
6,810
5,168
6,210
3,600
4,647
1,905
2,503
2, 084, 876
3,769
13,147
21, 075
20,947
29,198
57, 523
115,045
160, 655
151, 523
151,229
141, 962
216, 561
161, 220
280, 988
163, 880
396, 154
333, 624
2,059
6,148
10, 037
7,770
11, 366
17,993
35,508
40, 850
32, 291
27,345
21,424
25, 674
20, 516
28,360
16,515
29,768
Recreational services
89,424
3,338
6,545
8,125
LI, 221
16,400
LI, 020
27,168
5,714
19,764
4,763
21,085
8,895
52,227
7,659
64,228
5,611
66, 788
3,774
63, 825
2,340
52, 669
1,778
48,809
2,291
77,876
1,459
66,347
1,752
108, 757
650
55,857
75, 789
24, 692
102,844
15,299
355
1 1,096
121
3,997
11,755
14,873
9,176
9,866
7,893
2,670
15,009
6,229
14, 098
6,328
12,076
747
'5,954
61, 983
7,558
8,527
7,475
3,735
3,701
7,322
6,321
4,608
3,344
2,224
1,320
2,107
1,237
1,293
634
545
706,725
4,374
12,240
18, 533
12, 962
16, 223
43,061
52,546
54, 695
56, 791
50, 065
36, 553
72,009
55, 943
81, 373
54,534
72, 248
12,575
Medical and other health services
15,150
44,219
73,708
77, 853
76, 705
124, 542
215, 595
447, 220
598,479
691, 428
706, 165
1,281,811
999, 801
1, 318, 684
440,730
478, 314
38,562
165, 122
5,644
22, 787
45,754
50, 182
49,324
66, 106
105,728
223,770
305, 318
363, 596
391,746
716, 619
558, 354
722,993
225, 120
192, 791
10, 551
3,232
'2,514
373, 385
20,823
26, 531
28, 067
21, 287
17,002
20,427
24, 288
35, 171
33, 669
30,493
25,689
36, 802
22, 253
21, 993
5,106
3,614
121
7, 699, 333
12,702
38, 381
69,028
73, 880
75,757
120,237
207, 085
438,926
592, 401
682,913
705, 249
1, 272, 007
988, 837
1, 313, 288
437, 577
467, 381
38,562
4, 082, 886
9,788
27, 815
47,704
51,521
49,601
66, 535
107, 247
225, 113
306, 392
364,636
392, 242
717, 561
560, 884
723, 367
225, 700
192, 997
10, 551
3,232
Offices of physicians, surgeons and oculists
142,444
4,489
4,094
3,866
3,062
2,217
4,297
7,384
12, 562
14,040
13,800
13,071
21,970
15,403
15, 051
3,593
2,348
4,186,087
2,414
5,995
9,496
10,487
10, 040
24,918
62,774
159, 394
247, 791
309, 783
359, 588
761, 078
686, 931
900,609
306, 080
305, 575
23,134
2,447,622
'1,637
^288
2,698
2,974
3,990
10, 273
29,731
85,811
138,970
184, 393
221, 187
468, 079
419, 990
549, 249
178, 373
148,065
7,350
'1,586
134,569
2,002
2,380
3,238
2,473
2,207
3,643
7,231
12,413
14,006
13,730
13,069
21, 798
15,369
15,047
3,557
2,346
4, 159, 153
1,247
3,493
7,965
8,493
9,999
21, 384
61, 563
157,642
247, 171
308, 261
359, 533
755, 196
685, 249
900, 373
303, 111
305,339
23,134
Medical and other health services — Continued
Offices of dentists, and dental surgeons
427
1,902
3,944
3,621
9,871
30,139
58,764
154, 616
209,964
237,868
252,064
378,050
192, 880
240,609
59,950
36,767
<25
5,525
965, 002
'66
182
1,277
1,520
4,115
13, 786
31,347
82, 414
109,468
125, 075
132, 116
196, 043
99,933
120,679
31,155
15,892
(25
(2)
82, 269
1,211
1,511
941
2,148
4,866
6,854
12,400
11,968
10, 633
9,215
10,976
4,414
4,134
700
289
(2)
1, 876, 393
1,578
3,781
3,237
9,706
29, 597
58,438
154, 616
209,964
237, 830
252,064
378,050
192, 880
240, 609
59, 950
36,767
<25
966, 538
1,457
1,545
4,179
13, 812
31,443
82, 414
109,468
125, 076
132, 116
196, 043
99,933
120, 679
31, 155
15,892
(2i
Other medical and health services
166, 105
21,344
25,155
24, 532
18,343
12,816
11,954
11,045
10,894
7,996
6,435
3,439
4,130
2,672
2,912
851
1,079
63
(2)
34
(2)
1, 729, 239
12,309
36,322
60,268
63,745
56,794
69,485
94,057
133, 210
140, 724
143, 777
94,513
142, 683
119,990
177,466
74,700
135, 972
19,751
(2)
151,454
644,477
7,347
22, 893
41, 779
45,688
41, 219
42,047
44,650
55, 545
56, 880
54,128
38,443
52, 497
38,431
53,065
15, 592
28,834
3,646
(2)
1,756
(2)
156, 547
16, 417
23,344
23, 318
17,873
12,647
11, 918
10,203
10, 358
7,695
6,130
3,405
4,028
2,470
2,812
849
979
63
(2)
1,663,787
11, 179
33, 586
57,282
62,150
56, 052
69, 256
87,084
126, 668
135, 266
136, 822
93, 652
138, 761
110, 708
172, 306
74, 516
125,275
19, 751
(2)
151,454
2,393
4,405
6,462
4,087
5,343
15,403
18,845
13,144
13, 352
8,882
6,266
16, 143
9,669
20, 161
7,566
13, 550
1,916
2,457,839
515
1,630
3,423
3,995
4,012
10,664
29, 912
86,466
138, 977
184,815
221, 212
468, 595
419, 990
549, 299
178, 919
148,065
658, 509
9,104
25, 724
42,824
45,981
41,410
42, 059
45,892
56,233
57,947
54, 745
38,914
52, 923
40, 961
53, 389
15, 626
29,040
3,646
(2)
1,756
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
31
SOLE PROPRIETORSHIPS
Table 2.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS— Continued
Size of business receipts
Businesses with and without net profit Businesses with net profit
Number of
businesses
Business
receipts
( Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollsrs)
Total.
Under $1,000
$1, 000 under $2, 000
! 12, 000 under S3, 000
! ,3, 000 under S4, 000
$4,000 under $5,000 '. . .
$5, 000 under $7, 000
: ;7, 000 under $10, 000
1110,000 under $15,000
! 115, 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 175,000
$75, 000 under $100, 000
$100, 000 under $250, 000. . .
&250, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
Under $1,00C
$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.
S100, 000 under ! i250, 000. . .
250,000 under 11500,000...
500,000 under $1,000,000.
1, 000, 000 or more
Receipts not reported
Total.
Under $1, 000
$1, 000 under $2, 000
$2, 000 under $3, 000
3, 000 under $4, 000
, 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 under $250,000...
£250, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Receipts not reported
Services — Continued
122, 356
12,965
8,608
7,463
5,277
6,024
11, 037
16,342
16, 781
11,567
6,702
5,895
5,528
2,403
2,984
798
704
35
1,183
45, 066
9,522
5,292
2,649
3,307
2,477
2,175
3,484
3,904
1,987
1,309
1,397
1,470
1,247
1,477
691
823
216
26
1,613
231, 731
55,877
35, 857
21,992
17,931
12,448
21, 031
19, 326
17, 332
10, 242
3,820
2,576
4,305
1,243
2,206
742
1,220
88
2
3,493
Legal services
1, 710, 670
5,601
12, 616
18, 225
18, 396
27,032
66, 687
138, 749
206, 734
200, 369
148,964
162, 332
191, 036
107, 819
177, 189
69,133
98,046
24,456
37, 286
887, 975
1 1,045
5,203
6,143
10,070
13,660
35,994
76, 868
114, 925
115, 766
91, 670
91, 654
100, 639
61, 660
91, 451
31, 255
36, 637
5,904
932
X1,4U
111, 081
7,424
7,267
6,464
4,921
5,738
10,448
15,951
16, 583
11,461
6,696
5,895
5,357
2,402
2,881
707
701
60
35
1, 679, 996
3,819
10, 816
15,891
17, 223
25, 743
63,319
135,648
204, 203
198, 710
148, 830
162, 332
185, 285
107,770
171, 961
69, 053
97, 651
24,456
37,286
902, 236
2,292
6,475
8,775
10, 522
13,949
36, 573
77, 523
115, 579
116, 199
91, 718
91, 654
102, 710
61, 690
91,821
31, 267
36, 653
5,904
932
Engineering and architectural services
700, 843
4,178
7,603
6,512
11,641
10,896
12, 850
29,771
47, 875
34,202
28, 591
38,422
51, 154
55, 333
88,151
58,648
117, 275
70,479
27, 262
216, 866
^85
1,647
3,743
5,958
6,100
6,325
11,692
26, 918
12, 511
15, 174
15,050
18,865
16,441
26,459
16, 141
25, 806
8,343
3,211
x2,533
36,226
5,108
4,100
2,510
2,799
2,371
2,038
3,109
3,867
1,752
1,307
1,397
1,434
1,245
1,440
691
818
214
681,079
2,633
5,878
6,158
9,819
10, 453
12,156
26,603
47, 368
30,082
28,546
38,422
49, 981
55, 253
85, 683
58,648
116, 315
69, 819
27, 262
229, 067
1,694
2,867
3,771
6,492
6,314
6,999
14, 942
27, 024
13, 026
15, 176
15,050
18, 881
16,445
26, 814
16, 141
25, 839
8,381
Services — Continued
Other services
1, 678, 393
27,134
51, 375
54, 052
62,107'
56,272
124,068
162,960
211, 460
175, 256
84,593
70, 077
148, 766
55,442
131, 288
63, 950
171, 126
27,040
1,427
441,611
15, 115
12, 718
19,484
18, 583
16, 751
52,852
61, 607
76,980
50, 094
22, 952
17, 926
29, 826
10, 780
25, 341
9,399
18, 403
4,498
1,288
12, 756
185,092
31, 273
28, 001
19, 220
15,842
10, 873
19, 717
18, 147
16,787
9,805
3,784
2,274
4,103
1,143
2,172
742
1,119
1, 566, 365
17,641
40,295
47, 535
54,904
49,410
116, 142
152, 854
205, 546
167, 945
83,814
61, 520
142, 184
50, 831
129, 053
63, 950
154, 274
27,040
1,427
478, 599
9,054
18,184
21, 955
23, 002
18,046
53, 999
63,847
77, 805
50, 595
22, 993
18, 082
30, 814
11,132
25, 352
9,399
18, 554
4,498
1,288
Educational services
69,025
22,871
17, 397
9,941
4,980
3,162
3,268
2,718
1,313
977
1,012
445
(2)
248,433
12, 579
25, 659
24, 327
16, 970
14,453
18,843
22, 317
16, 389
16, 505
24,528
15,130
21, 374
3,724
(*)
62, 270
6,587
19,411
14,451
16, 225
12, 657
8,935
10,642
4,946
8,298
3,128
11, 580
3,200
8,190
2,716
5,719
1,213
2,918
742
3,193
811
4,346
230, 892
11, 360
23, 939
21, 714
16, 837
14, 288
18,446
22, 302
15,244
12,287
19,137
36, 367
18,971
Accounting, auditing, and bookkeeping services
84,931
28, 825
12,692
7,110
4,252
3,467
5,892
5,156
6,384
3,517
2,023
1,708
1,660
594
878
365
27
<2)
(2)
556, 705
13,650
17,760
17, 599
14,649
15,465
34,931
43,414
75,347
61,053
44,544
45, 650
58,254
26, 080
50, 742
30, 947
3,533
(2)
1,733
286,532
6,630
9,755
10, 503
8,680
9,976
19, 087
28, 382
48,066
36, 358
21,392
19,543
26, 338
10,329
17, 527
11, 579
1,514
(2)
308
(2)
77,855
23,778
11,749
6,875
4,016
3,364
5,890
5,122
6,384
3,517
1,923
1,708
1,660
594
878
364
26
(2)
549, 302
12,074
16,435
17,087
13,888
14, 980
34,920
43,084
75,347
61, 053
42,358
45, 650
58, 254
26, 080
50, 742
30, 850
3,413
(25
1,733
Nature of business not allocable
47,568
13,407
6,270
3,898
3,589
1,652
3,061
2,378
1,352
1,880
1,145
1,081
979
1,316
646
855
2
4,057
533,469
7,546
9,651
9,538
12,764
7,345
18,125
20, 186
16, 993
32,084
25,649
33,248
42,968
78, 538
57, 618
4,382
56, 671
1,459
2,306
3,836
2,579
2,442
4,399
4,632
3,417
6,455
4,438
4,341
4,537
8,292
2,028
6,596
1 1,087
'3, 999
33,304
9,417
4,758
3,157
2,215
1,314
2,423
1,645
1,116
1,579
1,145
879
943
1,316
5,308
7,276
7,674
7,785
5,824
14, 142
13,978
14, 065
26,779
25,649
27, 635
41,255
78, 538
99, 656
7,967
15,183
13,599
10, 718
8,304
11, 699
8,232
5,732
3,222
3,875
3,749
288,894
7,774
10, 322
10, 582
8,724
9,977
19,089
28,454
48,066
36,358
21, 779
19, 543
26,338
10,329
17, 527
11, 582
1,517
(25
308
71,212
3,601
3,965
4,394
4,230
2,825
5,023
5,779
3,917
6,772
4,438
4,593
4,565
8,292
xNet loss exceeds net profit.
2No reliable estimate of the sampling variability can be obtained from the sample . The data,
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of
See table 1 for a complete list of industrial groups for sole proprietorships.
however, are
the Data. "
included in totals .
32
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 3 .—NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT
Size of net profit
Number of
businesses
Business
receipts
( Thousand
dollmrw)
Net profit
(or loss)
(Thousand
dollara)
Number of
businesses
Business
receipts
( Thousand
doltara)
Net profit
(or loss)
(Thousand
dollara)
Number of
businesses
Business
receipts
{Thousand
dollars)
Net profit
(or loss)
(Thotiaand
doltara)
Number of
businesses
Business
receipts
(Thouaand
dollars)
Net profit
(or loss)
(Thousand
dollara)
Agriculture, forestry, and fisheries
All industries
Total agriculture, forestry,
and fisheries
Business with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
7,107,286
2,427,867
1,411,663
912,721
617,214
444,232
280,563
201,306
144,641
108,491
81,384
117,351
123,253
105,297
53,223
76,763
10,499
818
171,257,205
151,837,234
12,105,651
14, 637,754
15,119,742
13,995,949
12,599,025
9,911,835
8,362,038
6,974,471
5,823,901
5,020,059
7,955,572
8,812,049
10,053,981
5,803,065
11,081,645
3,026,272
554,225
21,067,090
24,269,011
1,146,542
2,038,569
2,253,703
2,136,760
1,993,503
1,531,578
1,301,464
1,081,479
920,642
770,670
1,282,930
1,513,716
1,813,801
1,183,795
2,509,220
664,613
126,026
2,392,771
1,086,946
557,500
303,824
177,062
100,181
53,136
31,930
19,260
17,012
10,464
12,669
9,448
6,657
3,120
3,044
487
31
19,419,971 '3, 201, 921
22,354,956
3,990,256
3,974,540
3,255,653
2,637,611
1,826,890
1,160,414
828,852
598,481
512,750
640,746
591,791
604,617
719,230
296,962
418,581
270,477
27,103
2,997,639
4,575,683
509,711
794,595
747,244
610,425
450,228
289,309
206,381
143,789
143,911
98,905
138,282
125,535
113,728
70,062
95,657
33,554
4,367
2,295,026
1,056,539
537,454
289,013
167,334
95,011
49,477
28,503
17,609
15,423
8,438
10,955
7,793
5,897
2,570
2,538
443
29
1,087,424 5,014,824 '1,578,044 1,063,589 4,804,107 '1,528,772
25,529,419
20,725,312
3,879,437
3,856,607
3,128,198
2,539,750
1,749,986
1,073,877
703,849
547,338
466,077
470,742
516,777
448,044
473,639
248,451
347,203
253,368
21,969
2,736,530
4,265,302
495,251
765,058
710,843
576,627
426,978
269,304
184,295
131,516
130,423
79,912
119,322
103,545
100,798
57,679
78,865
30,772
4,114
Other agriculture, forestry,
and fisheries
121,580
97,745
30,407
20,046
14,811
9,728
5,170
3,659
3,427
1,651
1,589
2,026
1,714
1,655
760
550
506
44
(3)
110,821
117,933
127,455
97,861
76,904
86,537
125,003
51,143
46,673
170,004
75,014
156,573
245,591
48,511
71,378
17,109
(3>
210,717
310,381
14,460
29,537
36,401
33,798
23,250
20,005
22,086
12,273
13,488
18,993
18,960
21,990
12,930
12,383
16,792
2,782
(3)
'49,272
Mining
Construction
Total construction
19,019
6,278
3,468
2,152
1,380
641
360
563
261
515
386
536
380
451
678
755
187
28
949,996
49,365
72,597
31,321
45,755
9,263
14,983
32,627
23,376
33,081
31,693
52,559
26,250
41,743
134,410
263,230
62,892
24,851
551,478
2103,044
655,155
115,742
2,458
4,964
5,231
4,781
2,768
1,946
3,729
1,967
4,351
3,721
5,734
5,014
7,722
14,880
27,847
12,848
5,781
'218,786
595,941
148,991
122,460
87,259
67,855
51,283
33,160
23,445
15,482
9,968
6,351
9,729
7,958
6,188
2,597
2,803
384
28
14,941,971
13,705,620
652,303
1,029,431
1,068,537
1,114,576
1,599,264
993,762
921,648
723,874
677,060
516,048
908,641
841,783
839,542
490,464
1,022,701
264,248
41,738
59,214 1,236,351
1,898,455
2,028,208
79,690
177,700
215,566
234,704
229,761
181,661
150,958
115,830
84,222
60,451
106,112
106,652
106,961
57,258
91,770
25,074
3,838
'129,753
General contractors
92,012
13,212
14,152
13,032
9,928
9,593
6,915
5,710
4,000
3,171
1,893
3,015
2,641
2,305
975
1,264
186
20
16,175
145,271
357,539
310,679
317,607
706,795
347,201
325,387
279,818
283,751
216,511
424,689
336,655
378,500
250,438
621,508
163,655
36,619
676,039
413,041
473,896
7,061
20,678
32,235
34,104
43,202
37,466
36,649
29,974
26,827
17,978
32,997
35,609
39,914
21,331
43,159
11,914
2,798
'60,855
Special trade contractors
510,735
474,953
127,366
102,408
70,503
54,911
38,978
24,600
16,324
11,046
6,528
3,985
6,234
5,146
3,643
1,586
1,499
188
<3>
35,782
8,191,190
7,700,525
456,250
620,535
710,350
750,184
843,426
621,161
497,479
432,340
385,310
282,135
445,386
492,832
432,518
234,211
392,644
98,645
(3)
490,665
68,419
148,556
174,140
189,959
174,491
135,241
105,230
82,584
55,179
38,066
67,829
68,712
63,045
35,084
47,253
12,601
(3)
'53,284
Construction — Continued
Manufacturing
Contractors not allocable
Total manufacturing
34,233
28,976
8,413
5,900
3,724
3,016
2,712
1,645
1,411
1,178
480
411
572,119
502,472
50,782
51,357
47,508
46,785
49,043
25,400
98,782
38,566
40,820
86,883
4,210
8,466
9,191
10,641
12,068
8,954
9,079
5,286
6,333
'15, 614
159,805
43,817
29,510
19,251
13,187
11,333
7,450
6,892
5,212
4,010
2,338
3,909
3,990
3,795
1,519
3,015
529
48
32,829
321,432
361,713
422,354
298,855
442,661
302,812
284,617
275,877
224,786
185,008
325,294
439,969
556,169
394,181
1,000,825
243,961
51,358
783,495
725,675
21,427
42,787
47,553
45,932
51,427
40,703
44,669
38,853
34,003
22,401
42,711
52,838
65,234
33,798
98,369
34,316
8,654
'80,180
Food and kindred products,
including beverages
20,462
3,891
2,981
2,716
1,842
1,575
2,178
1,445
840
405
203
445
580
485
240
541
87
(3)
96,314
98,439
82,345
49,473
101,920
133,468
84,767
64,277
53,659
28,177
87,564
124,557
121,282
135,613
304,489
62,977
(3)
132,681
110, 31 i
2,035
4,660
6,883
6,392
6,988
12,031
9,373
6,317
3,423
1,930
4,807
7,471
8,669
5,479
17,755
5,513
(3)
8,573
Lumber and wood products,
except furniture
47,494
40,155
13,969
11,089
5,493
2,613
1,710
1,377
1,110
1,046
355
24
(3)
1,271,164
1,003,026
95,616
115,989
113,053
85,467
84,626
69,844
46,663
69,317
47,939
125,302
18,443
(3)
268,138
109,937
7,179
15,696
13,462
9,023
7,723
7,525
7,636
8,792
7,679
11,826
11,649
1,553
(3)
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 3 .—NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT— Continued
33
Size of net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(or loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(or loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(or loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(or loss)
(Thousand
dollars)
Manufacturing — Continued
Businesses with net profit, 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 $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
Printing, publishing, and allied
industries
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Businesses with and without net
profit, total
Businesses with net profit, total....
Under $1,000
$1,000 under $2,000
£,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
$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
Businesses without net profit
Businesses with and without net
profit, total
23,373
5,513
3,158
2,187
2,251
2,347
1,110
1,609
872
891
689
659
279
307
44
(3)
4,669
671,323
40,376
25,972
55,963
33,550
52,048
25,645
36,048
33,983
40,013
33,474
70,235
56,326
81,833
29,284
42,709
11,502
(3>
68,661
105,755
2,831
4,475
5,347
7,891
10,861
6,131
10,319
6,344
6,839
6,095
9,672
9,050
11,271
5,989
9,227
2,567
(3)
113,275
Other manufacturing
Transportation, communication,
and sanitary services
Wholesale and retail trade
Total wholesale and retail
trade
93,863
75,815
20,444
12,282
8,855
6,481
5,701
2,785
3,200
3,028
1,751
1,321
2,027
2,481
2,480
761
1,812
374
32
18,048
3,147,429
89,126
141,313
170,993
130,365
204,067
73,855
141,181
153,575
61,797
111,031
131,882
217,257
339,816
155,220
528,325
151,039
32,572
314,015
348,877
389,173
9,382
17,956
21,861
22,626
25,855
15,016
20,955
22,578
14,949
12,696
22,233
32,994
42,158
16,963
59,738
24,683
6,530
'40,296
233,835
72,545
55,213
39,306
21,840
15,801
9,179
4,237
3,998
3,001
1,755
2,437
1,998
1,244
659
532
81
(3)
53,826
4,362,621
3,784,378
411,049
476,397
459,207
360,975
375,062
214,391
113,173
203,708
133,426
84,833
231,333
205,294
127,807
185,341
164,159
33,344
(3)
578,243
540,130
1,944,759
619,534
35,414
80,644
96,435
74,712
70,565
49,655
27,270
30,103
25,437
16,630
26,630
26,365
21,336
14,846
16,782
5,345
(3)
1 79 ,404
1,578,520
418,903
279,043
211,142
163,196
126,794
88,456
67,573
46,241
33,865
25,472
36,507
31,214
24,962
10,616
12,953
1,401
182
366,239
87,062,497
77,677,904
5,018,736
6,864,479
7,784,114
7,691,752
6,536,049
5,819,430
4,933,938
3,994,344
3,353,550
2,671,759
4,320,692
4,751,992
5,163,108
2,751,114
4,678,848
1,107,941
236,058
9,384,593
6,063,866
191,467
409,828
523,777
565,632
569,347
483,197
436,459
345,748
287,208
241,020
398,080
415,909
428,705
235,996
411,737
89,788
29,968
1609,217
Wholesale and retail trade — Continued
Wholesale trade
261,771
55,556
40,688
29,003
24,807
21,032
17,406
15,295
10,352
6,131
5,464
9,756
8,611
7,984
3,707
5,000
824
155
44,632
520,032
873,166
856,744
762,660
850,299
1,099,172
1,020,440
599,496
534,926
588,311
1,098,029
1,245,000
1,707,591
995,211
1,705,252
686,051
198,435
1,719,775
27,006
58,772
71,805
86,376
94,573
95,439
99,200
77,164
51,804
51,682
106,865
115,304
137,623
82,443
160,885
52,415
26,634
'90,113
Retail trade
Total retail trade
1,547,858
1,242,720
342,963
225,613
172,883
130,913
100,691
66,890
49,691
33,972
25,117
18,355
25,445
20,920
15,737
6,279
6,719
510
22
305,138
65,438,678
58,095,729
4,329,782
5,716,466
6,643,244
6,181,717
5,478,187
4,477,951
3,720,901
3,147,034
2,519,660
1,923,342
2,974,111
3,232,162
3,188,966
1,635,455
2,533,846
365,407
27,498
7,342,949
3,868,716
154,729
332,467
429,316
453,215
452,018
365,216
320,424
254,172
213,239
173,587
277,008
278,021
269,506
139,229
211,990
33,211
2,603
'491,235
Grocery stores, meat, fish,
fruit, and vegetable markets
219,091
54,888
44,554
35,703
28,615
17,960
12,036
7,314
4,774
3,263
2,029
2,957
2,160
1,410
516
852
57
(3)
38,085
14,247,692
12,915,636
1,089,420
1,405,926
1,643,615
1,738,692
1,373,144
988,619
841,428
582,417
517,284
293,830
516,734
531,091
466,670
266,204
574,621
79,529
(3)
1,332,056
631,261
683,984
27,539
65,401
88,627
98,718
80,268
65,754
47,038
35,993
27,697
19,019
32,515
28,558
24,117
11,292
27,392
3,740
(3)
152,723
General merchandise
138,117
67,466
24,308
14,607
9,094
6,772
4,760
3,089
1,988
982
1,023
1,368
998
795
480
338
48
1
40,996
3,445,378
3,126,101
345,985
401,834
425,038
395,743
304,972
234,633
164,514
113,354
74,277
. 82,482
134,742
117,442
107,035
72,359
136,630
13,875
1,186
319,277
270,568
303,174
25,045
34,667
36,183
31,564
30,612
25,973
19,892
14,830
8,336
9,632
14,735
13,314
13,406
10,630
10,742
3,460
153
132,606
Retail trade — Continued
Apparel and accessories
69,690
Businesses without net profit.
58,160
12,142
9,819
6,638
6,477
6,946
3,361
2,554
1,984
1,418
1,183
1,682
1,345
1,573
449
568
21
11,530
2,854,361
2,624,728
146,320
208,897
206,262
224,992
252,447
197,979
196,267
136,854
138,117
96,218
158,737
157,247
248,457
93,126
151,805
11,003
229,633
254,383
5,375
14,356
16,330
22,481
31,024
18,429
16,474
14,964
12,247
11,324
18,388
17,616
26,869
9,925
17,291
1,290
130,324
Furniture, home furnishings,
and equipment
52,406
10,059
6,606
7,476
5,227
5,498
3,654
3,527
2,056
2,148
1,087
1,678
1,375
1,067
411
504
31
(3)
13,819
2,551,004
116,505
159,714
196,027
226,001
242,437
164,289
245,874
140,550
222,070
121,423
174,037
144,140
178,087
69,611
135,389
14,291
(3)
331,449
215,616
245,257
4,903
10,131
18,362
18,272
24,982
20,007
22,853
15,435
18,230
10,225
18,065
18,316
17,957
9,332
16,146
1,840
(3)
'29,641
Automotive dealers
46,311
8,409
7,634
7,367
4,333
3,530
2,484
1,845
2,584
1,009
1,124
1,471
1,849
1,276
663
659
70
(3)
16,838
243,066
342,261
677,344
393,273
468,333
295,203
187,668
585,605
173,936
189,263
366,315
680,933
552,899
331,845
559,573
94,434
(3)
1,469,686
174,444
231,545
3,615
11,259
18,516
15,114
15,893
13,394
11,783
19,301
8,696
10,770
16,090
24,717
21,948
14,715
21,022
4,285
(3)
'57,101
Gasoline service stations
165,656
32,827
29,338
26,328
23,249
16,453
11,162
8,050
4,776
4,173
3,233
2,302
2,435
794
312
224
11,410,024
10,155,558
764,261
1,121,596
1,340,631
1,422,080
1,186,728
1,017,768
793,513
521,986
496,331
353,258
304,819
390,917
273,979
91,046
76,645
1,254,466
580,730
15,854
44,156
65,921
81,091
73,744
60,953
51,980
35,990
35,474
30,422
25,011
31,916
13,544
6,709
7,965
■•64,060
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
34
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 3 .—NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT— Continued
Size of net profit
Business
Net profit
Business
Net profit
Business
Net profit
Business
Net profit
Number of
receipts
(or loss)
Number of
receipts
(or loss)
Number of
receipts
(or loss)
Number of
receipts
(or loss)
businesses
( Thousand
(Then— rid
(Thousand
( Thousand
(Thousand
(Thousand
(Thousand
( Thousand
dollar*)
dollara)
dollars)
dollar*}
dollars)
dollars)
dollars)
dollars)
Wholesale anc
retail trade — Continued
Finance
, insurance,
and
Retail trad
e — Continuec
trade
Eating and drinking
alaces
Other retail trade
not allocable
Total
294,588
7,944,739
631,788
413,957
15,035,787
1,204,310
90,498
4,563,229
280,056
482,909
5,293,971
1,517,428
230,336
6,972,220
719,416
332,643
13,601,924
1,341,462
74,029
4,241,360
307,925
396,882
4,883,596
1,648,840
63,265
835,323
30,734
93,907
788,902
41,664
20,384
168,922
9,732
121,897
245,189
55,598
47,805
1,024,372
70,746
55,549
1,051,866
81,751
12,742
274,847
18,589
68,404
301,798
99,908
34,575
885,630
85,152
40,189
1,268,697
100,225
9,256
284,126
22,656
43,990
363,381
109,525
23,589
710,402
81,210
30,329
1,070,534
104,765
7,476
747,375
26,041
31,154
288,708
108,259
18,969
686,117
85,295
24,563
964,009
110,200
5,071
207, 563
22,756
26,174
288,039
117,762
10,828
476,670
59,522
18,605
1,102,790
101,184
4,160
242,307
22,542
18,769
256,715
102,859
8,829
437,479
57,035
14,483
854,158
93,369
2,587
192,597
16,835
17, 148
286,133
111,678
5,273
295,758
39,291
10,537
770,510
78,368
1,917
247, 814
14,412
11,865
264,707
88,502
4,064
260,193
34,436
8,060
637,452
68,123
2,617
298,964
22,165
10,354
211,131
88,296
2,944
212,344
28,031
5,732
574,524
54,164
1,653
160,106
15,751
7,598
191,206
72,066
4,586
335,048
49,619
9,401
983,679
102,585
1,306
248,552
14,207
10,452
297,775
114,318
2,484
243,333
32,919
8,274
967,059
110,665
1,683
274,830
22,584
11,299
383,153
150,814
2,065
297,554
34,852
6,757
1,064,285
116,813
1,241
266,551
21,576
8,979
634,186
154,098
621
120,546
13,778
2,827
590,718
62,848
630
120,448
L4.324
3,523
220,026
78,097
379
116,412
12,602
3,208
789,995
99,664
1,234
439,750
38,862
4,511
505,491
143,356
55
31,932
3,560
215
113,119
14,202
67
56,483
4,162
679
108,487
41,830
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
86
37,471
11,874
64,252
972,519
'87,628
81,314
1,433,863
'137,152
16,469
321,869
'27,869
86,027
410,375
'131,412
Finance, insurance, and
real estate
— Continued
Insurance
agents, brok
srs, and
Real estate operators (except
Real estate agents, brokers,
Other finance, insurance.
services
developers) and lessors
and managers
and real estate
162,400
1,758,200
691,508
103,882
510,566
104,878
142,487
1,079,890
386,742
74,140
1,945,315
334,300
1/46,984
1,711,071
706,825
74,107
432,431
152,239
LU,639
1,002,632
416,916
61,152
1,737,462
372,860
39,921
61,146
18,172
35,692
66,436
15,880
34,349
73,022
15,841
11,935
44,585
5,705
20,253
77,075
29,557
18,821
74,600
27,024
20,548
82,657
30,501
8,782
67,466
12,826
15,056
95,554
37,632
7,180
56,463
17,355
15,938
97,103
40,214
5,816
114,261
14,324
13,088
111,377
45,205
3,342
37,200
11,829
8,934
67,260
31,037
5,790
72,871
20,188
10,755
102,418
48,414
2,044
18,949
9,030
9,064
84,302
40,721
4,311
82,370
19,597
7,190
85,263
39,413
1,033
10,764
5,751
6,543
85,608
35,781
4,003
75,080
21,914
8,493
137,073
55,514
1,195
17,509
7,619
4,675
59,062
30,484
2,785
72,489
18,061
5,440
87,777
40,607
l,2O0
22,878
9,070
2,753
47,007
20,418
2,472
107,045
18,407
4,637
94,767
39,603
j 1,378
25,759
12,165
| 1,812
37,658
15,508
3,093
65,962
26,332
3,936
85,917
37,409
1 1,583
27,421
14,961
1,513
64,853
14,384
4,509
110,448
49,366
829
23,350
9,103
2,473
69,923
26,924
2,641
94,054
28,925
5,324
159,388
71,231
534
24,879
7,144
2,315
69,728
30,806
3,126
129,158
41,633
4,434
176,782
75,590
481
23,187
8,416
1,940
89,136
33,863
2,124
345,081
36,229
1,919
107,970
42,306
1 »
24,113
9,798
1 661
33,346
14,775
794
68,133
17,635
1,721
162,000
55,450
1 972
69,681
30,178
1,616
260,274
51,311
283
49,474
17,809
23
5,550
1,552
77
9,374
4,690
296
44,089
17,779
25
6,642
3,547
4
794
503
(3)
(3)
(3)
55
29,691
7,610
15,416
47,129
'15,317
29,775
78,135
'47,361
27,848
77,258
'30,174
12,988
207,853
'38,560
Services
Total services
Lodging services
Personal services
Business services
1,966,068
23,256,055
8,059,667
131,461
1,343,204
102,619
465,935
3,913,645
1,028,480
207,430
2,198,704
522,221
1,697,209
21,846,645
8,420,251
86,865
955,659
182,163
419,138
3,696,871
1,074,757
171,922
1,995,547
580,782
512,303
1,292,039
243,378
43,791
186,437
20,110
137,666
342,128
70,432
61,943
133,308
29,958
290,161
1,500,537
419,491
16,732
116,326
23,724
91,897
467,861
133,187
31,375
151,501
45,178
202,173
1,674,805
499,478
9,396
111,574
22,701
63,154
490,354
155,767
21,459
199,548
53,204
139,527
1,517,111
485,421
4,634
98,942
16,028
43,833
440,668
151,552
14,122
154,705
49,317
111,149
1,472,837
497,825
4,098
87,836
18,452
33,288
396,300
148,861
11,130
176,904
49,716
69,145
1,134,495
377,374
1,684
35,016
9,299
17,218
282,245
93,212
7,188
119,829
39,082
48,977
933,832
316,860
1,378
36,368
9,017
8,629
180,168
55,895
4,625
82,641
30,009
41,713
863,523
312,222
1,086
47,872
8,240
7,222
194,683
53,847
4,070
92,695
30,441
29,461
668,251
250,632
883
41,368
7,499
3,505
97,385
30,031
3,065
68,475
25,871
26,885
692,680
254,146
647
25,024
6,055
3,169
166,308
29,887
1,579
41,705
14,977
40,767
1,202,164
447,240
969
55,494
10,671
3,534
156,227
38,841
2,840
106,090
31,031
46,483
1,531,215
624,164
620
37,921
8,059
2,470
149,108
32,960
2,649
123,810
35,675
52,777
1,962,333
911,880
553
30,561
9,598
1,922
155,948
32,705
2,909
157,848
50,110
30,509
1,330,520
678, 8U
|
( 829
74,535
18,005
1,016
56,513
22,028
49,034
3,007,451
1,620,216
> 391
42,756
12,077
< 730
81,827
24,262
1,736
230,528
54,620
6,742
932,844
421,251
)
1} 72
21,126
5,313
( 191
68,234
11,925
403
130,008
59,862
3
2,162
633
I 25
31,213
7,640
268,859
1,409,410
'360,584
44,596
387,545
'79,544
46,797
216,774
'46,277
35,508
203,157
'58,561
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Businesses without net profit
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 3 . — NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT— Continued
35
Size of net profit
Number of
businesses
Business
receipts
( Thau aand
dollar,)
Net profit
(or loss)
(Thailand
dollar*)
Number of
businesses
Business
receipts
( Thousand
dollara)
Net profit
(or loss)
(Thouaand
dollara)
Number of
businesses
Business
receipts
(Thousand
dollara)
Net profit
(or loss)
(Thooaand
dollara)
Number of
businesses
Business
receipts
( Thooaand
dollara)
Net profit
(or loss)
(Thousand
dollara)
Services — Continued
Business with and without net
profit, total
Business with net profit, 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 $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
Business without net profit
Businesses with and without net
profit, total
Businesses with net profit, 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 $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
Business without net profit
Businesses with and without net
profit , total
Businesses with net profit, 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 $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
Automobile services
121,392
29,629
21,008
19,156
13,569
9,689
5,799
5,299
1,079
1,114
1,588
1,408
1,135
517
173
217
(3)
14,936
2,260,964
2,084,876
178,682
198,291
284,552
262,283
257,303
178,635
194,546
39,352
53,470
75,061
104,969
103,973
74,158
20,587
56,495
(3)
176,088
318,372
333,624
15,398
31,169
47,541
46,909
43,263
31,712
34,021
8,204
9,429
14,897
15,453
14,850
8,761
3,886
7,283
(3)
'15,252
Recreational services
89,424
61,983
27,163
11,781
7,893
4,722
2,299
2,163
883
1,317
925
o91
558
766
214
496
101
(3)
27,441
850,406
706,725
80,831
98,463
92,153
65,813
35,134
46,353
20,181
45,502
34,885
35,726
29,126
49,572
13,576
40,222
16,288
(3)
143,681
102,844
167,587
11,200
16,852
19,816
16,325
10,219
11,960
5,743
9,860
8,216
7,677
7,229
13,169
4,826
16,556
6,397
(3)
'64,743
Medical and other health services
Total medical and other
health services
392,381
373,385
43,565
41,261
33,355
23,886
22,283
13,595
14,826
13,929
10,882
10,609
19,233
26,411
33,693
22,136
38,282
5,217
222
18,996
Services — Continued
7,794,1
93,463
145,997
182,627
180,337
208,416
178,786
208,427
230,646
195,532
214,513
427,080
705,008
1,076,758
861,144
2,078,165
666,583
45,851
94,755
4,057,101
22,955
59,562
82,682
83,600
100,024
74,714
96,108
104,211
92,629
100,439
211,378
356,120
583,690
493,538
1,269,500
323,333
28,403
'25,785
Offices of physicians,
surgeons, and oculists
142,444
7,228
5,452
4,285
3,671
3,951
3,269
4,979
4,294
3,735
4,149
8,097
11,705
19,804
14,352
30,971
4,429
198
7,875
4,186,087
4,159,153
21,263
26,331
26,131
36,463
41,402
41,343
68,535
65,118
62,621
79,027
169,302
288,095
599,077
530,690
1,633,564
431,657
38,534
26,934
2,457,839
3,046
7,585
10,956
12,911
17,688
18,155
32,567
32,174
31,998
39,182
89,017
157,761
344,911
322,452
1,036,095
276,107
25,234
'10,217
Medical and other health services — Continued
Offices of dentists and
dental surgeons
82,269
2,957
3,759
3,158
2,764
5,548
4,609
5,073
4,984
4,656
3,589
7,607
11,205
10,684
5,958
5,178
530
(3)
1,563
9,758
21,761
22,341
21,884
55,466
61,019
66,387
80,465
86,212
65,327
162,689
292,592
339,717
241,788
289,852
55,822
(3)
2,369
966,538
1,629
5,495
7,974
10,019
25,038
25,445
32,783
37,525
39,476
34,055
83,958
151,497
183,497
131,122
164,097
31,699
(3)
ll,536
Other medical and
health services
156,547
33,380
32,050
25,912
17,451
12,784
5,717
4,774
4,651
2,491
2,871
3,529
3,501
3,205
1,826
2,133
258
(3)
9,558
1,729,239
1,663,787
62,442
97,905
134,155
121,990
111,548
76,424
73,505
85,063
46,699
70,159
95,089
124,321
137,964
88,666
154,749
179,104
(3)
65,452
658,509
18,280
46,482
63,752
60,670
57,298
31,114
30,758
34,512
21,155
27,202
38,403
46,862
55,282
39,964
69,308
15,527
(3)
'14,032
Legal services
122,356
111,081
16,711
10,953
8,775
9,448
9,186
7,094
4,773
5,279
4,510
4,227
6,469
6,768
7,273
3,784
4,966
798
67
1,710,670
1,679,996
32,574
47,271
52,923
67,689
80,758
74,239
56,447
72,007
73,685
71,575
160,624
160,898
200,817
143,955
278,458
91,026
15,050
30,674
887,975
902,236
7,429
16,541
21,509
33,072
41,124
38,869
30,740
39,465
38,485
40,036
70,756
91,094
125,293
84,418
162,686
51,144
9,575
'14,261
Services — Continued
Engineering and architectural
services
45,066
Businesses without net profit.
36,226
9,784
4,100
3,246
2,871
2,292
2,298
1,219
1,527
996
789
1,283
1,860
1,773
850
1,085
225
28
8,840
700,843
681,079
17,598
16,413
16,033
24,115
29,849
30,930
23,867
30,246
20,968
16,128
32,904
89,308
85,295
71,377
105,626
51,993
18,429
19,764
216,866
229,067
4,173
6,259
7,971
10,210
10,252
12,646
7,849
11,213
8,315
7,496
14,013
24,924
31,052
18,855
34,667
14,714
4,458
'12,201
Accounting, auditing, and
bookkeeping services
77,855
32,339
12,180
6,208
3,938
3,808
2,525
2,296
2,790
1,857
2,000
1,997
2,341
2,215
736
593
28
(3)
7,076
549,302
29,097
29,375
27,784
24,571
30,612
25,884
28,646
34,447
31,493
34,841
44,289
52,853
73,356
38,903
37,392
4,045
(3)
7,403
288,894
13,083
17,183
15,181
13,860
17,259
13,813
15,110
20,958
15,869
18,925
21,628
30,811
37,044
16,153
19,420
1,787
(3)
'2,362
Other services
231,731
185,092
76,505
33,884
22,945
14,734
10,923
8,604
4,579
3,309
1,665
1,898
2,136
1,534
1,086
628
544
93
25
46,639
1,678,393
1,566,365
155,586
182,297
188,001
173,440
145,316
150,805
94,154
74,098
55,477
36,757
70,290
72,554
53,950
40,748
54,754
11,379
6,759
112,028
441,611
478,599
32,602
48,576
57,019
51,294
49,081
46,809
29,408
24,998
14,148
17,806
23,515
20,682
19,164
13,789
18,549
6,321
4,838
'36,988
Educational services
62,270
32,207
14,990
6,586
3,770
2,153
977
1,013
230,892
42,335
46,740
29,256
24,548
24,409
11,773
14,922
99,656
16,038
21,260
16,087
13,254
9,574
5,258
7,513
'4,610
Nature of business not
allocable
33,304
17,187
5,904
3,624
2,013
876
908
1,150
345
483
246
116
(3)
(3)
14,264
533,469
482,267
125,280
36,262
60,370
40,606
48,960
14,833
53,799
15,952
25,323
27,776
9,910
20,359
(3)
(3)
56,671
71,212
7,399
8,652
8,894
6,894
3,820
4,874
7,925
3,912
3,823
6,425
4,184
3,486
(3)
'14,541
'Net loss.
2Net loss exceeds net profit.
3No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
See table 1 for a complete list of industrial groups for sole proprietorships.
36
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
SOLE PROPRIETORSHIPS
Table A .—BUSINESSES WITH EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION^ SELECTED INDUSTRIES
Selected industries
Sole proprietorships with and without net profit
Total
number of
businesses
with and
without
employees
Sole proprietorships with employees
Number of
businesses
Reporting patterns
Business receipts
(Thousand
dollar*)
Net profit
Amount
(Thousand
dollar*)
(Thouaand
dollar*)
Depreciation
Amount
(Thouaand
dollar*)
CD
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
All industrial groups
Agriculture, forestry, and fisheries
Farms
Offices of veterinarians and animal hospitals
Fisheries
Other agriculture, forestry, and fisheries
Mining
Crude petroleum and natural gas
Other mining, including quarrying
Construction
General contractors ,
Special trade contractors
plumbing, heating, and air conditioning
Electrical work
Other special trade contractors
Contractors not allocable
Manufacturing
Food and kindred products, including beverages
Apparel and other finished products made from fabrics
and similar materials
Lumber and wood products, except furniture
Furniture and fixtures
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Fabricated metal products, except machinery and
transportation equipment
Machinery, except electrical and transportation
equipment
Electrical machinery, equipment, and supplies
Transportation equipment .
Other manufacturing industries
Transportation, communication, and sanitary services
Motor freight transportation and warehousing
Other transportation
Communication, water supply, and other sanitary services
Wholesale and retail trade
Wholesale trade
Groceries and related products
Electrical goods
Hardware, plumbing and heating equipment and supplies.
Beer, wine, and distilled alcoholic beverages
Dry goods and apparel
Drugs, chemicals, and allied products
Lumber and construction materials
Machinery, equipment, and supplies
Motor vehicles and automotive equipment
Farm products — raw materials
Other wholesalers
Retail trade
Food
Grocery stores, meat, fish, fruit, and vegetable
markets
Bakeries
Other food stores
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Gasoline service stations
Eating and drinking places
Building materials
Hardware and farm equipment
Sporting goods stores and bicycle shops
Fuel and ice dealers
Antique and secondhand stores
Drug and proprietary stores
Liquor stores
News dealers and stands; cigar stores and stands
Florists
Jewelry stores
Other retail stores
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Credit agencies other than banks
Security and commodity brokers, dealers, exchanges, and
services
Insurance agents, brokers, and services
Real estate
Operators (except developera) and lessors
Agents, brokeca, and managers
Other real estate
Other finance, insurance, and real estate
9,089,985
4,789,012
4,758,962
140,249,708
3,727,294
16,528,534
4,024,115
3,480,195
3,358,615
12,269
25,521
83,790
33,036
23,649
9,387
655,155
110,187
510,735
62,970
38,613
409,152
34,233
192,634
23,235
9,927
47,494
10,096
28,042
3,910
6,333
5,869
20,628
2,810
3,662
30,628
267,661
205,762
66,804
15,095
1,944,759
306,403
39,490
4,266
4,853
6,254
13,148
4,340
8,437
10,829
7,793
16,475
190,518
1,547,658
308,126
257,176
12,286
38,664
179,113
69,690
66,225
63,149
203,960
294,588
27,128
33,907
10,541
19,022
26,515
33,931
20,593
13,755
18,989
19,462
139,164
90,498
482,909
5,895
14,530
162,400
263,288
103,882
142,487
16,919
36,796
2,310,899
2,262,144
7,130
6,524
35,101
13,662
7,319
6,343
315,629
77,523
222,546
40,583
20,951
161,012
15,560
113,441
15,274
5,934
29,526
4,769
16,921
1,548
4,514
3,717
12,267
1,927
2,083
14,961
108,585
84,997
16,034
7,574
1,042,713
104,902
17,724
1,822
2,288
4,670
5,252
1,469
2,747
3,831
2,615
7,284
55,000
891,779
152,675
126,056
8,400
16,219
47,166
43,569
40,307
38,920
158,398
218,232
16,983
22,845
4,907
9,502
8,192
29,160
13,705
5,138
13,021
11,218
57,841
46,032
122,946
2,537
2,270
47,159
56,822
28,477
20,570
7,775
14,158
2,285,666
2,237,161
7,130
6,423
34,952
13,450
7,317
6,133
314,790
76,820
222,443
40,583
20,951
160,909
15,527
113,068
15,240
5,934
29,425
4,769
16,921
1,514
4,480
3,682
12,267
1,927
2,049
14,860
108,548
84,997
15,977
7,574
104,526
17,721
1,822
2,288
4,634
5,252
1,469
2,747
3,797
2,815
7,284
54,697
891,404
152,641
128,056
8,400
16,165
47,098
43,569
40,305
38,920
158,298
218,098
16,981
22,845
4,907
9,502
8,192
29,160
13,705
5,138
13,021
11,218
57,806
45,996
122,308
2,537
2,261
46,922
56,443
28,436
20,467
7,540
14,145
23,312,259
21,949,421
206,723
90,810
1,065,305
1,168,202
808,315
359,887
12,586,159
5,203,746
6,920,911
1,745,603
819,487
4,355,821
461,502
6,249,910
1,593,804
479,627
1,148,761
244,227
633,359
75,957
323,965
272,337
563,596
121,641
109,678
682,758
3,152,843
2,525,588
398,811
228,444
73,012,236
13,383,287
3,545,733
158,539
222,304
840,766
493,698
138,320
331,137
333,645
357,643
1,968,270
4,993,232
55,671,517
12,059,363
11,065,894
384,191
609,278
2,440,251
2,531,525
2,491,196
7,089,723
10,364,373
7,081,145
1,308,285
1,914,653
194,777
511,212
156,162
2,596,535
1,194,403
163,146
406,072
422,998
2,745,698
3,957,434
3,078,294
58,059
313,573
1,116,640
1,257,403
241,611
474,083
541,709
332,619
1,616,802
1,579,223
6,929
5,177
27,473
8,707
4,428
4,279
283,079
65,129
204,204
37,401
18,073
148,730
13,746
96,604
13,481
4,885
25,408
4,064
14,752
936
3,065
3,174
10,809
1,651
1,403
12,976
89,002
69,338
12,682
6,982
859,950
90,126
15,228
1,351
1,987
4,263
4,374
1,364
2,507
3,224
2,614
6,334
46,880
730,307
131,121
109,657
7,427
14,037
38,086
37,201
32,888
29,646
129,778
171,671
13,421
19,613
3,699
8,022
5,863
26,732
12,121
4,702
10,634
9,576
45,533
39,517
104,494
2,126
1,722
44,379
43,483
20,705
16,797
5,981
12,784
3,584,621
3,398,727
70,250
16,569
99,075
71,610
44,920
26,690
380,198
937,966
200,435
96,432
641,099
53,295
582,201
88,282
36,617
83,857
24,435
90,804
8,810
22,707
38,831
76,605
13,154
8,758
89,341
326,397
254,208
43,630
28,559
4,313,376
728,195
116,474
13,767
16,178
30,858
39,441
9,685
19,384
33,514
26,951
38,928
383,015
3,352,843
551,649
465,411
38,420
47,816
158,860
208,359
195,276
192,819
500,756
599,667
85,112
110,092
17,395
41,391
20,590
261,276
87,308
13,403
40,574
49,635
218,681
232,338
738,574
18,449
17,676
378,641
226,209
55,464
117,858
52,887
97,599
692,097
682,921
C1)
1,347
7,628
4,955
2,891
2,064
32,550
12,394
18,342
3,162
2,876
12,282
1,614
16,837
1,793
1,049
4,118
f1)
2,169
612
1,449
1,458
(M
680
1,985
19,583
15,659
3,332
592
182,763
14,776
2,496
(!>
(,»
(M
678
C1)
<;>
t1)
950
8,120
161,472
21,554
18,399
973
2,182
9,080
6,368
7,419
9,274
28,620
46,561
3,562
3,232
1,208
1,480
2,329
2,428
1,584
2,387
1,642
12,308
6,515
18,452
(M
548
2,780
13,339
7,772
3,773
1,794
1,374
1,241,247
1,213,058
(M
2,994
25,036
130,549
125,969
4,580
101,791
47,635
42,069
4,965
12,755
24,349
12,087
67,865
7,234
10,793
14,296
t1)
11,695
4,679
6,147
(M
2,799
1,526
6,079
43,066
32,995
6,012
4,059
431,697
49,743
9,033
(l)
<;>
2,355
(')
(M
(M
(M
4,218
25,017
364,268
37,843
33,012
1,283
3,548
19,310
22,805
24,668
46,042
54,709
73,938
14,923
12,904
3,474
3,248
2,489
11,626
3,197
3,085
4,644
24,307
17,686
54,627
t1)
4,442
3,740
41,418
19,347
11,332
10,739
4,495
1,950,064
1,908,242
6,860
5,314
29,646
10,902
6,145
4,757
256,840
63,547
180,185
35,049
17,599
127,537
13,108
95,146
13,520
4,989
23,115
4,366
14,790
1,007
4,279
3,141
11,218
1,320
1,743
11,658
95,042
74,966
13,917
6,159
872,080
87,930
15,158
1,314
1,951
4,533
4,098
1,097
2,108
3,346
2,310
6,504
45,511
743,970
131,721
111,129
7,292
13,300
37,089
34,597
35,306
31,699
132,779
178,553
14,890
21,027
3,932
8,396
5,130
27,099
11,849
3,362
11,983
9,269
45,289
40,180
101,977
1,874
1,840
39,506
46,199
23,549
16,554
6,096
12,558
(10)
5,541,066
2,656,879
2,582,955
10,978
7,206
55,740
90,216
59,783
30,433
357,853
129,745
205,339
31,635
15,587
158,117
22,769
208,017
31,538
5,433
66,320
4,993
23,892
1,395
21,202
8,016
24,991
2,320
2,251
15,666
271,858
225,798
27,494
16,566
1,029,634
177,775
31,920
1,413
3,081
8,786
3,613
2,312
4,373
5,147
3,684
18,631
94,815
775,972
139,188
114,234
10,211
1/4,743
40,453
27,490
40,526
46,809
83,803
211,536
23,216
24,193
3,137
14,183
3,036
34,171
12,355
1,254
13,465
6,793
50,364
75,887
108,692
1,365
1,664
29,836
60,814
34,785
18,545
7,484
15,013
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
37
Table A .—BUSINESSES WITH EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES— Con .
Selected industries
Sole proprietorships with and without net profit
Total
number of
businesses
with and
without
employees
Sole proprietorships with employees
Number of
businesses
Reporting patterns
Business receipts
Amount
(Thousand
do liar a)
Amount
{Thousand
dollar a)
Amount
(Thousand
dollars)
Depreciation
Amount
{Thousand
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Services
Lodging services.
Hotels
Tourists courts and motels
Rooming houses, camps, and other lodging places.
Personal services
Laundries, laundry services, and cleaning and dyeing
plants
Photographic studios, including commercial photography
Beauty and barber shops, including schools
Shoe repair shops, shoe shine parlors, and hat
cleaning shops
Funeral services and crematories
Other personal services
Business services
Advert is ijig
Services to dwellings and other buildings.
Other business services
Automotive services
Automobile parking
Automobile repair shops
Other automotive services, including rentals....
Repair services, except automotive
Recreational services. . .■
Professional services
Medical and other health services
Offices of physicians, surgeons, and oculists.
Offices of dentists and dental surgeons
Other medical and health services.
Legal services
Educational services
Engineering and architectural services
Accounting, auditing, and bookkeeping services.
Other services .
1,965,068
131,461
17,089
46,136
68,236
465,935
87,839
26,031
264,317
25,958
13,971
47,819
15,569
27,905
163,956
5,171
113,741
7,416
164,277
89,424
713,759
392,381
142,444
83,832
166,105
122,356
69,025
45,066
84,931
67,454
749,699
58,149
12,329
24,447
21,373
172,824
49,432
7,560
91,255
6,972
10,767
6.338
5,900
11,591
43,764
2,380
59,841
3,007
44,760
36,872
301,444
191,960
94,639
58,233
39,088
57,981
11,544
19,055
20,904
9,167
748,009
58,148
12,329
24,447
21,372
172,724
49,432
7,560
91,155
6,972
10,767
6,838
60,860
5,900
11,591
43,369
65,228
2,380
59,841
3,007
44,726
36,388
300,981
191,752
94,532
58,132
39,088
57,905
11,544
18,876
20,904
8,954
17,324,435
1,005,980
312,708
491,268
202,004
2,809,934
970,087
154,218
1,056,222
100,551
479,584
49,272
1,491,226
320,283
176,377
994,566
1,887,281
75,191
1,721,756
90,334
845,071
614,798
8,546,522
6,249,739
3,479,036
1,587,268
1,183,435
1,220,109
131,585
580,919
364,170
123,623
658,580
36,900
8,029
15,253
13,618
153,997
41,205
5,605
84,720
6,602
9,963
5,902
51,628
5,421
10,821
35,386
57,605
2,240
53,136
2,229
38,519
26,678
286,595
185,127
92,031
57,648
35,448
54,548
10,357
16,304
20,259
6,658
5,508,833
122,974
28,105
65,407
29,462
583,887
143,866
25,974
285,766
20,311
95,879
12,091
275,731
40,073
45,666
189,992
225,121
10,978
205,540
8,603
146,945
96,547
4,011,488
3,081,753
1,968,575
796,890
316,288
582,356
29,712
157,706
159,961
46,140
91,119
21,249
4,300
9,194
7,755
18,827
8,227
1,955
6,535
I1)
936
9,627
479
8,378
7,623
I.1)
6,705
778
6,241
10,194
14,849
6,833
2,608
585
3,640
3,433
1,187
2,751
645
2,509
202,592
47,611
14,285
21,488
11,838
27,166
14,384
2,658
6,251
<;>
2,258
35,685
555
33,875
C1)
9,949
1,476
9,473
36,306
29,745
13,759
5,050
626
8,083
6,780
1,736
6,852
618
5,078
633,423
51,334
10,483
23,505
17,346
143,967
41,389
6,450
75,273
5,331
10,296
5,228
46,403
4,170
9,010
33,223
54,098
1,096
51,164
1,838
36,606
26,664
268,407
178,902
90,737
52,837
35,328
46,476
9,522
14,693
18,814
5,944
Nature of business not allocable.
(10)
807,137
156,162
30,835
98,002
27,325
72,886
6,619
31,922
2,082
33,564
2,760
53,300
5,078
6,579
41,643
1,502
42,468
18,507
28,982
43,766
309,861
239,115
134,108
53,172
51,835
34,698
7,285
14,931
13,832
2,756
10,780
1No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
38
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 5 . —BUSINESSES WITHOUT EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES
Selected industries
Sole proprietorships with and without net profit
Total
number of
businesses
with and
without
employees
Sole proprietorships without employees
Number of
businesses
Reporting patterns
Business receipts
[ Thousand
dollmra)
Net profit
Amount
(Tttou—nd
dolUra)
Amount
(Thousand
Depreciation
Amount
(" Thousand
dollars)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
All industries.
Agriculture, forestry, and fisheries
Farms
Offices of veterinarians and animal hospitals.
Fisheries
Other agriculture, forestry, and fisheries....
Mining.
Crude petroleum and natural gas. . .
Other mining, Including quarrying.
Construction.
General contractors
Special trade contractors
Plumbing, heating, and air conditioning.
Electrical work
Other special trade contractors
Contractors not allocable
Manufacturing.
Food and kindred products, including beverages
Apparel and other finished products made from fabrics
and similar materials
Lumber and wood products, except furniture
Furniture and fixtures
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Fabricated metal products, except machinery and trans-
portation equipment
Machinery, except electrical and transportation
equipment
Electrical machinery, equipment, and supplies
Transportation equipment
Other manufacturing industries
Transportation, communication, and sanitary services
Motor freight transportation and warehousing
Other transportation
Communication, water supply, and other sanitary services
Wholesale and retail trade
Wholesale trade
Groceries and related products
Electrical goods
Hardware, plumbing and heating equipment, and supplies
Beer, wine, and distilled alcoholic beverages
Dry goods and apparel
Drugs, chemicals, and allied products. . .
Lumber and construction materials
Machinery, equipment, and supplies
Motor vehicles and automotive equipment.
Farm products — raw materials
Other wholesalers
Retail trade
Food
Grocery stores, meat, fish, fruit, and vegetable
markets
Bakeries
Other food stores
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment.
Automotive dealers
Gasoline service stations
Eating and drinking places
Building materials
Hardware and farm equipment
Sporting goods stores and bicycle shops.
Fuel and ice dealers
Antique and secondhand stores
Drug and proprietary stores
Liquor stores
Newsdealers and stands; cigar stores and stands.
Florists
Jewelry stores
Other retail stores
Wholesale and retail trade not allocable.
Finance, insurance, and real estate.
Credit agencies other than banks
Security and commodity brokers, dealers, exchanges, and
services
Insurance agents, brokers, and services
Real estate
Operators ( except developers) , and lessors
Agents, brokers, and managers
Other real estate
9, 089, 985
4, 300, 973
4, 195, 245
31,007,497
3, 379, 992
7,740,477
920,981
921, 720
3,480,195
3, 358, 615
12,269
25, 521
83,790
33,036
23,649
9,387
655, 155
110,187
510, 735
62,970
38,613
409,152
34,233
192, 634
23, 235
9,927
47,494
10,096
28,042
3,910
6,333
5,869
20, 628
2,810
3,662
30,628
287, 661
205, 762
66,804
15,095
1,944,759
306,403
39,490
4,266
4,853
6,254
13,148
4,340
8,437
10,829
7,793
16, 475
190,518
1, 547, 858
308, 126
257, 176
12,286
38,664
179,113
69, 690
66, 225
63, 149
203,960
294, 588
27, 128
33,907
10, 541
19, 022
26, 515
33,931
20, 593
13,755
18, 989
19,462
139, 164
90,498
482,909
5,895
14,530
162,400
263, 288
103, 882
142, 487
16,919
36,796
Other finance, insurance, and real estate
Footnote at end of table. See text for explanatory statements and "Desc
1, 169, 296
1,096,471
5,139
18, 997
48,689
19, 374
16, 330
3,044
339, 526
32,664
288, 189
22, 387
17, 662
248, 140
18, 673
79, 193
7,961
3,993
17,968
5,327
11,121
2,362
1,819
2,152
8,361
883
1,579
15,667
179, 076
120,765
50,790
7,521
902,046
201, 501
21, 766
2,444
2,565
1,584
7,896
2,871
5,690
6,998
4,978
9,191
135, 518
656, 079
155,451
129, 120
3,886
22,445
131,947
26, 121
25, 918
24,229
45, 562
76, 356
10, 145
11,062
5,634
9,520
18, 323
4,771
6,888
8,617
5,968
8,244
81, 323
44,466
359, 963
3,358
12, 260
115, 241
206,466
75,405
121,917
9,144
22, 638
ription of
1,113,025 4,057,521 773,969
1, 043, 194 3, 579, 998 715, 803
4,939 52,731 4,171
18,457 72,861 15,631
46,435 351,931 38,364
17,736 333,272 10,312
15, 409 320, 096 8, 156
2, 327 13, 176 2, 156
336, 264 2, 355, 812 312, 862
32,020 974,916 26,883
285,908 1,270,279 270,749
22, 087 168, 376 19, 641
17,527 127,476 15,350
246,294 974,427 235,758
18, 336 110, 617 15, 230
78,002 685,457 63,201
7,824 182,986 6,981
3, 892 33, 978 3, 355
17, 731 122, 403 14, 747
5,327 42,692 4,557
11, 018 106, 625 8, 621
2. 360 22, 908 1, 454
1, 819 14, 302 980
2, 052 10, 716 1, 345
8.361 45,760 6,949
848 2,801 0)
1,579 10,959 1,241
15, 191 89, 327 12, 593
177, 418 1, 209, 778 144, 833
119,826 952,829 94,493
50, 073 225, 744 43, 462
7.519 31,205 6,878
893,015 14,050,259 718,570
198, 533 3, 677, 303 171, 645
21,261 698,345 18,773
2,408 41,330 1,800
2, 531 26, 194 2, 392
1, 584 38, 478 1, 182
7,863 201,383 7,058
2,871 28,495 2,532
5, 591 110, 681 5, 189
6,797 125,525 5,886
4,978 115,696 4,270
8, 854 296, 157 7, 131
133,795 1,995,019 115,432
650,691 9,767,161 512,413
155,116 3,522,321 131,313
128,919 3,181,798 109,434
3, 852 43, 837 3, 349
22, 345 296, 686 18, 530
13 1, 172 1, 005, 127 100, 031
25,885 322,836 20,959
25, 716 391, 257 19, 518
23,625 528,521 16,665
45,426 1,045,651 35,878
74. 960 863, 594 58, 665
10, 111 127, 065 7, 795
10.961 224,671 7,478
5,634 68,498 3,658
9.520 118,139 8,448
18,221 94,600 13,212
4, 703 116, 389 3, 896
6, 888 277, 995 6, 317
8,516 123,781 8,114
5, 868 46, 541 4, 327
8, 242 95, 170 6, 732
80,107 795,005 59,407
43, 791 605, 795 34, 512
349,094 2,215,677 292,388
3, 289 36, 392 2, 944
11, 563 246, 574 9, 328
114, 036 641, 560 102, 605
197,880 1,132,908 158,870
73,271 268,955 53,402
115, 839 605, 807 97, 842
8, 770 258, 146 7, 626
22,326 158,243 18,641 75,541
the Sample and Limitations of the Data. '
991, 062
866, 575
24,430
26,700
73, 357
44,132
39, 628
4,504
656, 749
93, 698
529,463
44,639
33,837
450,787
33, 588
143, 474
22, 526
5,44«
26, 080
10, 531
24,951
2,249
2,739
3,079
(')
2,869
25, 392
293, 137
207, 227
73, 661
12, 249
1,750,490
667, 795
66, 882
9,954
8,106
4,455
31, 121
7,636
20, 428
27,487
18, 681
18, 038
455, 007
1, 007, 108
262,400
218, 573
8,187
35,640
144, 314
46,024
49,981
38, 726
79,974
119, 749
22, 195
19,129
6,880
18,741
18,756
16,944
23, 607
18, 236
7,129
17, 406
96, 917
75, 587
910, 266
17, 663
49,401
328, 184
439,477
96, 775
299, 058
43,644
395, 327
380, 668
968
3,366
10, 325
9,062
8,174
26,664
5,781
17,440
2,746
2,312
12, 382
3,443
15,992
980
(')
3,221
(4)
2,500
908
(')
t1)
1,412
t1)
t1)
3,074
34,243
26, 272
7,326
643
183,476
29,856
2,993
644
(')
(')
(')
(')
(')
1,112
t1)
2,060
20, 086
143, 666
24, 138
0)
3,915
31,916
5,162
6,400
7,564
9,684
17, 691
2,350
3,584
1,976
1,072
5,111
875
I1)
(')
1,641
1,512
21, 916
9,954
67, 575
(')
2,932
12, 636
47, 596
22,003
24, 075
1,518
3,997
336,797
315, 714
1,214
3,616
16, 253
88, 237
87,054
1,183
27, 962
13, 220
11,215
1,809
1,459
7,947
3,527
12,295
1,339
t1)
3,740
I1)
1,560
622
t1)
711
499
t1)
(')
1,300
36, 338
29,268
6,657
413
177, 520
40, 370
1,736
509
t1)
f1)
(')
I1)
(')
2,809
t1)
2,489
29,918
126, 967
22, 672
I1)
2,138
13, 296
7,519
4,973
11,059
9,351
13,690
2,184
6,710
3,746
1,376
4,020
2,010
(5)
(')
1,285
2,083
19,799
10, 183
76, 785
t1)
4,942
11,577
55, 150
t8, 014
18,842
8,294
3,855
779, 323
731, 570
4,067
11, 390
32,296
14,972
12,944
2,028
162, 376
22,653
147, 621
14, 249
9,754
123,618
12, 102
52, 719
5,709
1,778
12,973
3,822
7,175
1,117
1,379
1,662
6,482
t1)
840
9,116
132, 071
92, 052
35, 148
4,871
531, 629
117, 185
14,799
1,624
1,378
1,006
3,456
1,254
3,500
4,223
3,564
4,246
78, 133
384, 913
105, 200
90, 056
2,646
12, 498
64,095
15, 161
16, 860
9,107
27, 540
49,413
6,850
7,712
2,652
5,331
6,222
2,989
5,513
3,486
3,690
5,866
45, 226
29,731
219,920
1,735
6,086
64,648
134,244
53, 507
76, 303
4,434
13,207
(10)
480, 514
454, 268
4,212
7,274
14, 760
43,931
42, 399
1,532
99,203
27,469
64,115
9,855
3,671
50,589
7,599
29,366
3,466
457
7,827
1,883
5,402
516
1,199
962
3,231
(')
406
3,795
149, 673
122, 898
23,640
3,335
264,488
76, 867
8,262
669
606
583
2,365
557
2,158
2,459
2,013
3,604
53, 591
170, 765
44,568
38, 833
1,287
4,448
25, 541
5,292
7,842
4,548
9,370
29,682
4,520
3,913
1,2*5
2,338
2,493
1,564
3,099
1,354
2,133
1,747
19, 336
16, 836
137,417
987
2,981
33, 035
91,808
43, 946
43,952
3,910
8,606
U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
39
SOLE PROPRIETORSHIPS
Table 5. —BUSINESS WITHOUT EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES— Con.
Industrial group
Sole proprietorships with and without net profit
Total
number of
businesses
with and
without
employees
Sole proprietorships without employees
Number of
businesses
Reporting patterns
Business receipts
Amount
(Thoutand
dollars)
Net profit
Amount
(Thousand
dollar*)
Amount
(Thousand
dollars)
Depreciation
Amount
(Thoaamnd
dollmrn)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Services
Lodging services
Hotels
Tourists courts and motels
Rooming houses, camps, and other lodging places
Personal services
Laundries, laundry services, and cleaning and dyeing
plants
Photographic studios, including commercial photography
Beauty and barber shops, including schools.
Shoe repair shops, shoe shine parlors, and hat
cleaning shops
Funeral services and crematories
Other personal services . ■
Business services
Advertising
Services to dwellings and other buildings
Other business services
Automotive services
Automobile parking
Automobile repair shops...
Other automotive services,
including rentals.
Repair services, except automotive.
Recreational services
Professional services
Medical and other health services
Offices of physicians, surgeons
and oculists.
Offices of dentists and dental surgeons
Other medical and health services
Legal services
Educational services
Engineering and architectural services
Accounting, auditing, and bookkeeping services.
Other services
1,966,068
131,461
17,089
46,136
68, 236
87, 839
26,031
264, 317
25,958
13,971
47, 819
207,430
15,569
27,905
163,956
126, 328
5,171
113, 741
7,416
164,277
89, 424
713, 759
392, 381
142,444
83, 832
166,105
122, 356
69,025
45,066
84,931
67,454
1, 216, 369
73,312
4,760
21,689
46,863
38,407
18,471
173,062
18,986
3,204
40,981
146, 175
9,669
16, 314
120, 192
61,100
2,791
53,900
4,409
119,517
52, 552
412,315
200,421
47, 805
25, 599
127,017
64,375
57,481
26, 011
64,027
58, 287
Nature of business not allocable.
1, 198, 376
72,072
4,759
21, 353
45,960
290, 968
37,939
17, 702
172, 828
18,785
3,135
40,579
143,124
9,501
16,213
117,410
60,562
2,791
53,363
4,408
118,742
49,697
407, 393
198, 851
46,777
25,463
126,611
63,267
57,044
24, 578
63, 653
55,818
32,315
5, 931, 620
337,224
34,090
149, 651
153,483
1, 103, 711
245,546
92, 358
544,530
86,888
62,612
71,777
707,478
77,251
42,907
587, 320
373, 683
11,205
335,742
26,736
488,100
235, 608
2,464,217
1, 544, 349
707, 051
291, 494
545, 804
490, 561
116,848
119, 924
192, 535
221, 599
1,038,629
49, 965
3,652
11,668
34,645
265, 141
30, 322
12,382
163,485
18, 082
2,834
38, 036
120,294
7,782
14,003
98,509
53,787
2,420
48,200
3,167
97,428
35, 305
374,222
188, 258
42, 538
24,621
121,099
56,533
51,913
19,922
57, 596
42,487
25,228
2,911,418
59,189
5,362
19,129
34,698
57, 628
26,303
320,402
32,331
15,261
38,945
305,051
26,699
22,886
255,466
108, 503
5,668
97, 165
5,670
165,446
71,040
1, 591, 251
1, 001, 133
489,264
169,648
342, 221
319,880
69,944
71,361
128, 933
120,068
39,749
177, 740
23,347
1,108
10,021
12,218
27, 970
8,085
6,089
9,577
I1)
(M
2,945
25,881
1,887
2,311
21, 683
7,313
5,700
1,242
22,089
17, 247
38,093
12,163
5,267
978
5,918
7,842
5,568
6,089
6,431
15,800
10, 902
157, 992
31,933
2,530
18,177
11, 226
8,542
3,717
3,545
(M
(M
2,414
22, 876
1,852
570
20, 454
3,724
t1)
2,777
734
9,923
28,437
29,474
12, 026
5,167
910
5,949
7,481
2,874
5,349
1,744
12, 514
7,794
709, 692
56,469
3,152
19, 307
34,010
175,446
24,410
14,443
107, 372
10, 916
2,463
15,842
4,626
7,675
67,908
37, 639
976
33, 533
3,130
74, 535
29,217
227, 953
104, 717
38, 510
18,958
47, 249
37, 249
31,614
15,025
39,348
28,224
14, 817
(10)
343,412
55,062
3,628
27,529
23,905
64,360
29,001
6,679
18,355
2,688
4,316
3,321
50,965
3,077
2,842
45,046
540
12,946
4,429
25, 190
19,339
102, 181
61, 424
30, 169
9,645
21,610
15,425
8,060
6,124
11,148
8,400
1No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
40
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 6 .—NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, BY SELECTED INDUSTRIES AND ADJUSTED GROSS INCOME CLASSES
Adjusted gross income
classes
Number of
businesses
Business
receipts
(Thouaand
dollars)
Net profit
(less loss)
(Thouaand
dollara)
Number of
businesses
Business
receipts
(Thimmmnil
dollara)
Net profit
(less loss)
(Thousand
dollara)
Number of
businesses
Business
receipts
(Thouaand
dollar*)
Net profit
(less loss)
(Thousand
dollar,)
Number of
businesses
Business
receipts
(Thousand
dollara)
Net profit
( less loss)
( Thousand
dollara)
All industries
Agriculture, forestry, anc
fisheries
Total agriculture, forestry, and
fisheries
Farms
Other agriculture, forestry, and
fisheries
1
9,089,985
171, 257, 205
21,067,090
3,480,195
27, 369, 780
2, 997, 639
3, 358, 615
25,529,419
2, 736, 530
121, 580
1, 840, 361
261, 109
1,377,591
1, 254, 291
3, 101, 038
2, 281, 087
770,204
264,874
37,663
2,807
276
154
15, 791, 464
10,600,976
40,881,458
45, 273, 167
32, 155, 173
21, 239, 334
4,872,773
361,651
34,605
46,604
'713, 603
1,027,355
4, 839, 818
5, 943, 008
5,058,172
4,112,773
813,400
1,345
'7,463
'7,715
782, 381
650, 693
1, 257, 896
601, 119
136,029
41,235
9,481
1,159
132
70
4, 351, 289
3,477,857
9, 399, 074
5, 394, 795
2, 790, 166
1,521,889
362, 142
61,408
6,310
4,850
'260,552
476,348
1,412,747
901, 183
398, 170
124, 193
'20, 606
'22, 383
'6,405
'5, 056
767, 316
633, 675
1, 210, 344
570,978
126, 841
39,138
9,016
1,119
121
67
4, 157, 170
3,405,078
9, 076, 500
4, 946, 704
2,236,562
1, 349, 129
290, 683
56,950
6,026
4,617
'241,338
460,027
1, 335, 809
808, 365
333, 145
95,683
'23,294
'21,515
'5,918
'4,434
15,065
17,018
47, 552
30, 141
9,188
2,097
465
40
11
3
194, 119
72,779
322, 574
448,091
553,604
172, 760
71,459
4,458
284
233
'19,214
20,000 under 450,000
150,000 under 4500,000
500,000 under $1,000,000..
76, 938
92,818
65, 025
28.510
2 688
'868
'487
'622
Mining
Construction
Total construction
General contractors
Special trade contractors
1
1
33,036
1,501,474
'103,044
655, 155
14,941,971
1,898,455
110, 187
6, 178, 662
413,041
510, 735
8,191,190
1, 414, 145
5,868
2,713
6,426
6,299
4,864
4,231
2,193
396
27
19
528,656
104,669
48,201
276, 269
138,444
173, 347
175, 337
45,814
7,510
3,227
'49,528
2,055
3,596
'16,824
11,766
10,036
'49, 508
'8,940
'2, 218
'3,479
57,428
84,631
272, 311
. 189,482
41,209
9,291
778
23
1
1
1,191,772
549,647
3,321,426
4,682,423
2,950,331
1, 861, 205
362, 601
22,100
391
75
'47, 584
89,713
592,144
686,650
365,815
177, 820
32,504
1,373
13
7
11,524
7,802
36,321
36,792
13,581
3,738
414
13
1
1
619, 113
145,497
1,018,474
1, 871, 677
1,291,986
986,050
225, 298
20, 101
391
75
'38,662
7,030
76,207
153,252
124,055
72,844
17, 296
999
13
7
42, 023
73,280
223, 360
140,873
25, 610
5,245
337
7
509,348
358,645
2,167,997
2,604,496
1, 556, 336
858, 660
133, 741
1,967
'7, 167
10,000 under $20,000
150,000 under »500, 000. . . .
500,000 under $1,000,000..
79,587
492, 072
506,144
225,817
102, 922
14, 394
376
Const
ruction — Cont
jiued
Manufacturing
Contra
etors not all
Dcable
Total manufacturing
Food and kindred products, including
beverages
Lumber and wood products, except
furniture
34,233
572, 119
71, 269
192, 634
6, 935, 367
645,495
23,235
1, 776, 790
102, 237
47, 494
1, 271, 164
91,901
3,881
3,549
12,630
il,817
2,018
308
27
3
63,311
45, 505
134,955
206,250
102,009
16,495
3,562
32
'1,755
3,096
23,865
27,254
15,943
2,054
814
'2
23, 282
20,992
59,904
58,166
21, 833
7,306
1,076
65
6
4
651, 142
259, 824
1,181,490
1,375,076
1,512,711
1, 545, 146
367, 220
33, 185
5,816
3,757
'33, 177
18,071
115,824
187, 105
165,613
142, 350
44,147
3,747
'121
1,936
2,213
1,406
8,338
7,705
2,262
1,166
139
5
1
71,459
21,220
299, 890
414,590
353, 568
520,637
87,474
7,085
867
'3, 709
1,442
15, 226
36, 852
19,870
25,241
6,883
497
'65
9,581
10,548
17,213
7,704
1,645
685
110
5
2
1
278, 867
123,357
290,849
226,932
137, 732
157, 848
48,394
1,904
4,856
425
'89
1,000 under $2,000
2, 000 under $5, 000
10, 000 under $20, 000
20,000 under $50,000
150,000 under $500,000
500, 000 under $1, 000, 000. .
9,909
30,809
23,260
11, 856
13,049
3,427
'366
55
'9
Manufacturi
ng — Continue
J
Transportation, communication, and
sanitary services
Wholesale and retail trade
Printing
, publishing,
industries
and allied
Oth
er manufacturing
Total wholesale and retail trade
28,042
739,984
102,480
93, 863
3,147,429
348,877
287, 661
4,362,621
540,130
1, 944, 759
87,062,497
5,454,649
2,715
1,607
7,535
10,414
4,490
1,133
136
12
65,632
14,869
120,882
192,784
215,406
104,549
23, 335
2,527
'9,062
1,856
14,920
39,153
34,221
16,746
4,024
622
8,773
7,431
26,818
32,343
13,436
4,322
691
43
3
3
235, 184
100, 378
469, 869
540, 770
806,005
762,112
208,017
21,669
93
3,332
'20,317
4,864
54, 869
87,840
99, 666
87, 314
29,813
2,994
1111
1,945
36, 223
41,482
119,284
73, 149
14,699
2,400
383
37
3
1
495,831
332, 338
1,290,193
1, 047, 034
733,431
378, 271
81, 260
3,859
393
11
'15,915
38,992
197, 547
184,095
94,387
32,460
8,727
43
'126
'80
255, 302
224, 879
677, 862
562, 313
175, 850
44,128
4,247
162
11
5
7, 248, 392
4, 900, 564
20, 709, 618
25,756,761
16, 890, 537
9, 545, 586
1, 898, 730
107,675
3,561
1,073
'258,000
,2,000 under $5,000
J20, 000 under $50, 000
,150,000 under $500,000....
,500,000 under $1,000,000..
190,936
1, 289, 751
1,918,658
1, 427, 571
749, 274
132,242
4 424
'203
'4
Wholesale and reta:
1 trade — Continued
Wholesale trade
Retail trade
Total retail trade
Grocery stores, meat, i
and vegetable roE
ish, fruit,
irkets
General merchandise
306,403
17,060,590
1, 305, 877
1, 547, 858
65,438,678
3, 868, 716
257, 176
14, 247, 692
631, 261
179,113
3,445,378
270, 568
26,062
25, 217
90,974
101,524
45,652
14,747
2,149
74
2
2
1,253,296
734,059
2,232,852
4, 102, 804
4,360,028
3,245,034
1,075,349
55,653
1,483
32
'32,092
20,948
180,030
394, 507
406,714
259, 165
74,343
2,288
3
'29
218, 328
189, 719
557, 528
4 1 ', IV'i
121, 356
25,884
1,781
73
8
2
5,764,091
3, 995, 884
17,758,763
19, 967, 664
11,650,994
5, 574, 553
690,348
34,086
1,557
738
'213, 172
159, 947
1, 058, 170
1,424,071
956, 997
433, 343
48, 141
1,428
'224
15
42,395
38,642
102,836
58,348
12,755
1,990
207
3
1, 320, 108
1, 029, 719
4,674,994
4, 087, 906
2,010,485
943,480
174, 627
6,373
'16,107
39,645
224, 296
223,099
111,310
41,723
7,105
190
19, 889
21,498
62,943
60, 624
12, 058
1,951
143
7
226, 573
242, 504
1, 092, 279
1,031,751
560, 666
257, 290
32, 691
1,624
'6, 991
ilO, 000 under $20, 000
5150,000 under $500,000....
>500,000 under $1,000,000..
17,773
78, 627
95,402
55,480
25,308
4,744
225
Retail trad*
— Continued
Apr
arel and acce
ssories
Furniture
, home furnishings, and
equipment
Automotive dealers
Gaso!
ine service stations
69,690
2, 854, 361
224,059
66, 225
2,882,453
215,616
t. 3, K9
7, 618, 244
174,444
203,960
11,410,024
10, 017
7,297
22,434
18,978
8,533
2,330
91
9
1
174, 269
156,5*5
605,206
829,625
660,043
406,306
21,059
1,299
9
'17,769
5,481
53,596
71,509
68,542
40,71B
2,048
'67
1
7,332
5,625
22, 157
22,228
7,199
1,575
103
6
.'..8,854
105, 576
604,143
954, 737
651, 856
270, 374
25,721
1,192
'19,260
3,118
44,765
89,715
64,345
29,871
3,013
49
10,413
4,956
20,185
18,073
7,299
2,023
193
7
882, 469
227,943
1,411,380
2, 093, 172
1, 798, 684
1,041,560
151,873
11, 163
'36,044
2,910
34,656
63,470
66, 552
36, 593
6,033
274
24,204
22, 302
85,082
59, 832
10,947
1,508
82
2
1
920, 139
662, 615
3, 940, 146
4, 227, 136
1, 242, 826
398, 672
16, 851
1,321
318
i2,000 under 45, 000
$150,000 under $500,000
f 500, 000 under $1,000,000..
17, 858
174, 959
240, 565
90, 882
20, 180
1,279
'49
'2
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
41
SOLE PROPRIETORSHIPS
Table 6 . —NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, BY SELECTED INDUSTRIES AND ADJUSTED GROSS INCOME CLASSES— Continued
Adjusted gross income
classes
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
( Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(less loss)
( Thousand
dollars)
Total.
Under $1,000
i ,1, 000 under $2, 000
112,000 under $5,000
: 15, 000 under $10, 000
1 ,10, 000 under $20, 000
; ;20, 000 under $50, 000
: 150,000 under $150,000....
i 1150, 000 under ^,500, 000. . .
: 1500,000 under $1,000,000.
$1, 000, 000 or more
Total
Under $1,000
$1, 000 under $2, 000
$2, 000 under $5, 000
£5, 000 under $10, 000
$10, 000 under $20, 000.
$20,000 under $50,000
150, 000 under $150, 000
$150,000 under $500,000..
$500,000 under $1,000,000
$1,000,000 or more
Total
Under $1, 000
!1, 000 under $2, 000
2, 000 under $5, 000
5, 000 under $10, 000
10, 000 under $20, 000.
$20,000 under $50,000
150, 000 under $150, 000
$150, 000 under $500, 000. .
$500,000 under $1,000,000
$1, 000, 000 or more
Total
Under $1, 000
$1,000 under $2,000
$2, 000 under $5, 000
$5, 000 under $10, 000
$10,000 under $20,000....
$20,000 under $50,000
$50,000 under $150,000...
$150,000 under $500,000..
$500,000 under $1, 000, 000
$1, 000, 000 or more
Total.
Under $1, 000
$1,000 under $2,000
112,000 under $5,000
1 15, 000 under $10, 000
1110,000 under $20,000
1120,000 under $50,000
1,50,000 under $150,000
1 1150, 000 under $500, 000. . .
11500,000 under $1,000,000.
! ,1, 000, 000 or more
Total.
Under $1, 000
$1, 000 under $2, 000
1,2,000 under $5,000
i ,5, 000 under $10, 000
1 110, 000 under $20, 000
$20, 000 under 450, 000
$50,000 under $150,000
$150, 000 under $500, 000. . .
$500,000 under $1,000,000.
$1, 000, 000 or more
Wholesale and retail trade — Continued
Finance, insurance, and real estate
Retail trade — Continued
Eating and drinking places
294, 588 7, 944, 739
49, 697
43, 965
111,255
69, 705
17, 140
2,606
210
939,782
857, 948
2,374,044
2,236,483
1, 111, 987
364,437
55, 557
4,152
349
631, 788
'33,031
36, 116
203,515
246, 143
134, 702
38,648
5,349
366
'20
Other retail trade
413, 957 15, 035, 787 1, 204, 310
54, 381
45,434
130, 636
125, 391
45,425
11,901
752
31
1, 031, 897
713,034
3, 056, 571
4, 506, 854
3,614,447
1, 892, 434
211,969
6,962
881
738
'54,968
37,046
243, 756
394, 168
365, 184
200, 302
18, 570
440
'203
15
Wholesale and retail trade not
allocable
Total finance, insurance, and real
estate
90,498 4,563,229
10, 912
9,943
29, 360
27, 610
8,842
3,497
317
15
1
1
231, 005
170, 621
718, 003
1, 686, 293
879, 515
725,999
133, 033
17, 936
521
303
280, 056
482, 909 5, 293, 971
'12, 736
10,041
51, 551
100, 080
63, 860
56, 766
9,758
708
18
10
41,125
36, 990
123, 218
166, Oil
84,321
27, 294
3,644
269
28
230, 631
115, 172
713, 273
1,319,429
1,587,052
1,071,422
231, 069
18, 233
1,024
6,666
'17,227
29, 042
173, 257
460, 277
490, 062
311, 700
67, 794
3,085
'557
'5
Finance, insurance, and real estate — Continued
Insurance agents, brokers, and
service
162,400 1,758,200
6,588
8,601
40,265
64,276
33, 109
8,540
978
42
24, 187
30, 070
195, 145
525,082
558, 695
329, 618
91,664
3,738
691, 508
2,272
9,136
72,422
210, 517
237,278
126, 631
31, 352
1,899
1
Real estate operators ( except
developers) and lessors
103, 882
18,850
15,833
27,917
25,511
10,493
4,320
838
102
13
5
510, 566
63,153
40,537
105, 132
104, 808
105, 357
66,412
21, 147
3,453
372
195
'11,831
13,866
24,411
35,721
23,306
17, 595
2,058
114
'454
92
Real estate agents, brokers, and
managers
142, 487
11,156
9,442
38, 095
51,349
24,580
7,303
540
20
2
48, 333
27, 886
162, 563
320, 543
299,738
195, 240
24, 663
542
382
386, 742
'1,463
7,457
53,756
125, 708
122,139
69,517
9,426
Other finance, insurance,
estate
74,140
3
16
16,
7,
1,
1,945,315
94, 958
16,679
250,433
368,996
623, 262
480,152
93, 595
10,500
269
6,471
334,300
'6,205
'1,417
22,668
88, 331
107, 339
97. 957
24. 958
996
'230
'97
Total services
1, 966, 068 23, 256, 055
168, 714
184,951
568,714
610,559
288,007
128,578
15,754
685
1, 018, 006
830,494
4, 090, 641
5, 236, 977
5,469,322
5,118,461
1, 390, 938
69, 241
8,064
23,911
8, 059, 667
'32, 910
178, 784
1,042,651
1,599,989
2, 091, 168
2, 560, 661
596, 897
20,111
2,181
135
Automotive services
126, 323
11,293
15,974
57, 975
33,482
6,549
925
124
5
2, 260, 964
161,606
140, 341
821,529
671, 191
366,493
88, 622
11, 099
75
318, 372
'2,478
16, 312
123,973
115, 380
51, 140
11,777
2,262
Lodging services
131,461
29,904
19,017
42,455
28,913
8,978
1,955
201
28
235, 719
98, 218
351, 866
271, 960
234, 932
91,990
52, 182
4,355
1,467
515
102, 619
'21,951
11,044
36, 194
29,344
34,658
12, 261
855
578
'356
Recreational services
89,424
10,716
. 7,968
30,430
26, 580
9,839
2,950
743
153
21
24
850,406
62,140
42,431
209,152
212, 702
185, 229
79,487
40, 142
11, 277
1,385
6,461
102,844
'7, 503
1,368
30,092
31,772
29,860
19, 839
3.994
'4,450
'532
'1,596
Medical and other health services — Continued
Offices of dentists, and dental
surgeons
83, 832
1,205
2,009
8,641
23,329
33, 772
14, 098
769
1, 878, 762
6,160
7,631
63, 693
320, 961
805,455
606,400
64,668
3,792
965, 002
1,545
2,124
26,428
146, 224
421, 235
329, 973
36, 719
760
Oilier medical and health servicec
loo, 11 5
12, 557
18,983
57, 018
51,591
19,238
6,238
473
7
1, 729, 239
65, 939
51,243
297,460
423, 594
395, 650
297,432
197, 182
739
644,477
'152
23, 691
136,665
180, 172
155,233
127,824
20,707
337
Personal services
465,935
54,464
59, 694
171, 601
151,234
24,909
3,807
220
3, 913, 645
209, 965
237, 531
1, 205, 602
1,330,424
657, 195
240,498
32,081
349
17, 238
67, 537
350, 633
379,675
148, 481
57,529
7,262
125
Busii.ess services
207,430
13,898
19, 351
58,152
75, 567
30, 563
8,507
1,255
114
16
7
2, 198, 704
129,995
93, 398
348,975
599, 795
520, 507
376, 783
96, 179
15,185
1,075
16,812
522,221
'18,842
16,671
95, 567
163, 591
138,474
100,419
19,084
5,217
284
1,756
Medical and other health services
Total medical and other health
services
392, 381
16,604
22, 801
73,795
94,537
98,020
77, 554
8,956
109
3
2
7, 794, 088
86,973
68,979
404, 603
961, 715
2, 175, 935
3, 209, 519
870, 555
15,614
146
49
4,057,101
1,053
27, 075
176, 333
424,452
1,104,078
1, 878, 373
437, 341
8,285
92
19
Legal services
122, 356
1,910
2,948
19,184
36, 952
39,300
19, 236
2,675
144
7
9,332
15,759
112,706
271, 042
567, 326
558, 038
163, 952
10,997
1,518
887,975
'287
4,910
43,085
136, 142
292, 689
317,407
87,232
6,170
627
Services — Continued
gineering and architectural
services
45, 066
1,405
1,807
6,161
15,373
15,426
4,288
571
31
700,843
7,877
5,572
42,404
113, 396
229, 739
208, 773
86,069
6,044
969
216, 866
'2,462
2,142
11, 360
42, 077
75,854
64,684
20, 688
1,705
818
Accounting, auditing, and bookkeeping
services
84,931
1,706
2,914
14, 958
40,842
20, 972
3,326
201
12
556, 705
5,222
5,199
43,828
172, 142
210, 850
107, 911
9,713
1,840
286, 532
844
2,681
22, 501
91, 816
113,752
49, 952
4,450
536
Other services
231,731
20, 355
24,944
72, 873
83,047
24, 675
5,003
743
81
95, 678
101,731
477, 511
564,844
276, 597
132, 191
24,847
3,489
1,504
1
441, 611
'1,598
22,412
120,256
157, 776
85,542
41, 519
12, 520
1,935
1,248
1
Offices of physicians,
and oculists
142,444
2,842
1,809
8,136
19, 617
45, 010
57, 218
7,714
94
3
4, 186, 087
14, 874
10, 105
43,450
217, 160
974, 830
2, 305, 687
608, 705
11, 083
146
47
2,447,622
'340
1,260
13,240
98, 056
527, 610
1, 420, 576
379, 915
7,188
92
25
Educational services
69, 025
6,459
7,533
21,130
24,032
8,776
1,027
65
2
248,433
13,499
21, 335
72,465
67,766
44,519
24,649
4,119
95,046
3,076
6,632
32,657
27,964
16,640
6,901
1,209
6
Nature of business not allocable
47, 568
7,268
6,960
15, 423
13,989
3,392
411
107
533, 469
75, 745
30,411
127, 542
184,403
83, 179
24,007
3,476
136
1,536
3,034
56, 671
1,290
3,414
12, 301
21, 875
13,620
4,279
1,203
1115
'27
'1,169
'Net loss exceeds net profit.
NOTE: See text for explanatory statements and "Description of the Sample and Liaiitations of the Data.
See table 1 for a complete listing of the industrial groups for sole proprietorships.
42
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 7 .—NUMBER OF BUSINESSES, BUSINESS RECEIPTS, AND NET PROFIT, BY SIZE OF BUSINESS RECEIPTS AND ADJUSTED GROSS INCOME CLASSES
Size of business receipts
Adjusted gross income classes
All income classes
Number of
businesse:
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
(Thailand
dollara)
Under $1,000
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
$1,000 under $2,000
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
(Thouaand
dollar »;
$2,000 under $5,000
Number of
businesses
Business
receipts
( Thousand
dollara)
Net profit
(less loss)
( Thoutand
dollara)
(1)
(2)
(3)
(*)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
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 under $250,000..
$250,000 under $500,000. .
$500,000 under $1,000,000
$1,000,000 or more
Receipts not reported....
9,089,985
21,067,090
1,377,591
'713,603
10,600,976
1,027,355
3,101,038
1,263,551
1,088,764
778,482
617,140
494,675
752,430
779,620
807,841
495,853
329,364
241,023
341,185
224,312
302,218
154,708
219,586
45,542
12,557
5,336
135,798
668,029
1,595,877
1,923,857
2,146,164
2,214,246
4,471,486
6,548,355
9,914,082
8,589,257
7,355,705
6,611,380
11,828,283
10,034,972
18,329,199
13,361,434
32,554,927
15,231,169
8,488,112
9,390,671
1208,968
264,220
457,221
552,799
607,093
1,203,475
1,623,598
2,213,354
1,783,611
1,475,466
1,260,811
2,044,051
1,518,947
2,307,883
1,208,691
2,049,403
599,324
202,764
70,807
'167,460
236,382
274,615
158,278
113,668
74,595
112,350
94,755
90,811
51,806
32,311
22,026
29,718
19,165
22,804
12,196
17,006
3,094
1,143
413
10,455
151,767
399,948
388,526
395,146
332,953
662,711
794,054
1,112,959
895,692
715,338
605,449
1,024,762
853,752
1,382,495
1,049,393
2,533,696
1,002,267
715,146
775,410
7,002
59,852
15,272
'16,007
'3,073
'29,548
'64,185
'96,072
'79,368
'46,627
'38,167
'68,976
'40,520
'62,891
'57,410
'122,137
'29,199
6,986
'30,113
'18,422
140,406
207,879
176, 522
132,109
98,025
134,075
111,259
90,378
50,119
26,784
16,540
23,368
10,918
13,591
5,257
7,331
1,040
8,690
78,817
311,713
436,941
459,213
438,310
798,793
926,635
1,091,590
861,696
594,286
452,903
803,973
484,247
821,266
448,364
1,035,103
557,126
3,834
147,153
158,992
125,528
97,993
131,634
122,302
90,557
51,352
25,618
18,186
26,027
11,541
16,735
5,114
2,609
4,252
'12,072
(l
391,892
298,707
252,304
226,730
206,367
322,451
340,444
333,811
171,311
105,931
79,287
104,787
68,024
83,040
36,3a
31,543
3,618
1,506
42,964
201,628
437,012
628,293
791,638
924,351
1,916,416
2,858,875
4,094,110
2,955,528
2,369,232
2,178,666
3,622,029
3,040,917
5,017,416
3,149,045
4,485,604
1,169,150
1,041,548
'83,720
33,770
193,109
135,142
351,719
672,365
764,533
800,928
432,718
270,706
203,071
273,178
188,892
243,079
111,010
100,044
12,250
'3,473
'39,503
Adjusted gross income classes
$5,000 under $10,000
Size of business receipts
Number of
businesses
Business
receipts
i Thousand
dollara)
Net profit
(less loss)
(Thouaand
dollara)
$10,000 under $20,000
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
(Thouaand
dollara)
$20,000 under $50,000
Number of
businesses
Business
receipts
l Thouaand
dollara)
Net profit
(less loss)
( Thouaand
dollara)
$50,000 under $150,000
Number of
businesses
Business
receipts
(Thouaand
dollara)
Net profit
(less loss)
(Thmmani
dollara)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
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 under $250,000. .
$250,000 under $500,000. .
$500,000 under $1,000,000
$1,000,000 or more
Receipts not reported....
5,943,008
770,204
32,155,173
264,874
21,239,334
37,663
813,400
389,163
243,266
151,014
113,385
90,804
140,933
185,901
219,975
145,576
93,843
63,445
96,259
66,751
97,620
51,698
68,034
11,277
2,140
50,003
187,059
353,646
370,898
391,373
406,891
838,445
1,567,289
2,702,507
2,528,546
2,098,738
1,737,854
3,351,195
2,996,912
5,908,008
4,451,206
9,830,605
3,610,673
1,941,322
'73,882
41,240
87,165
108,735
133,729
343,321
661,192
1,000,395
712,908
476,032
321,291
509,183
342,659
545,629
318,376
409,789
55,332
1,552
'51,638
86,312
52,389
31,800
25,283
19,533
33,128
37,759
59,370
65,126
57,721
42,760
51,156
30,238
47,724
33,262
62,646
13,340
3,020
1,096
16,541
40, 143
76,313
78,260
88,052
87,798
198,499
320,540
745,608
1,140,242
1,291,826
1,168,029
1,766,080
1,353,838
2,923,210
2,880,747
9,523,109
4,518,342
2,066,075
1,888,462
'31,377
2,254
12,923
25,563
29,922
77,244
131,670
382,657
588,887
613,816
486,961
588,941
312,237
516,761
367,932
751,965
166,991
38,456
15,179
'20,810
16,077
9,948
7,202
4,871
4,356
8,121
8,088
11,627
10,498
11,553
15,976
34,216
27,701
32,478
12,089
27,047
11,355
4,226
2,061
5,384
7,147
14,429
17,573
16,990
19,511
48,471
69,100
144,309
183,173
259,174
441,392
1,201,736
1,237,257
1,962,803
1,048,263
4,266,558
3,935,372
2,929,684
3,436,392
'20,455
'12,626
'4,559
'2,128
421
13,071
14,962
43,516
79,519
138,670
267,073
714,001
676,812
873,329
276,033
612,120
283,226
117,018
55,665
'12,895
3,013
1,760
1,220
988
904
1,215
1,234
1,623
1,243
1,081
899
1,511
1,415
4,759
3,776
5,687
1,909
1,079
811
1,536
1,324
2,538
3,017
3,384
4,026
7,210
10,344
19,962
21,381
23,987
24,626
52,582
63,589
301,642
324,832
833,622
672,204
766,737
1,735,766
'8,217
'5,560
'4,106
'2,998
'2,586
'2,922
'4,745
'4,302
719
1,503
4,099
3,702
30,113
181,127
190,824
288,889
95,560
57,919
2,112
'7,731
Adjusted gross income classes
$150,000 under $500,000
Size of business receipts
Number of
businesses
(25)
Total.
2,807
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 under $250,000
$250,000 under $500,000...
$500,000 under $1,000,000.
$1,000,000 or more
Receipts not reported
266
184
127
97
82
132
157
226
152
121
73
149
81
167
90
258
128
57
71
189
Business
receipts
(Thouaand
dollara)
(26)
127
255
311
338
366
791
1,3a
2,790
2,615
2,703
1,996
5,199
3,611
10,162
7,904
41,099
43,497
41,603
194,963
Net profit
(less loss)
(27)
1,345
'1,673
'1,558
'1,391
'892
'953
'1,316
'1,631
'3,552
'2,215
'2,792
'1,236
'1,333
'1,869
'3,567
'1,375
8,127
12,239
4,555
6,738
'2,961
$500,000 under $1,000,000
Number of
businesses
(28)
'Net loss exceeds net profit.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data.
Business
receipts
(29)
11
15
27
16
31
96
145
ao
207
263
324
624
323
1,104
890
3,452
1,893
10,654
14,320
Net profit
(less loss)
( Thouaand
dollara)
(30)
'7,463
'168
'257
'123
'105
'23
'172
'3a
'646
'650
'176
'117
'424
'456
'1,289
'1,063
'1.194
'567
'1,329
$1,000,000 or more
Number of
businesses
(31)
Business
receipts
l Thouiand
dollara)
(32)
6
8
11
14
9
54
52
37
177
158
141
103
526
1,093
790
2,079
3,468
1,915
35,963
Net profit
(less loss)
(33)
'7,715
'312
'48
'61
'39
'56
'202
'179
'127
'259
'1,284
'350
'248
'462
'1,030
'750
'809
'589
'1,732
9a
'99
U. S. BUSINESS TAX RETURNS, JULY I960 -JUNE 1961
43
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U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
47
SOLE PROPRIETORSHIPS
Table 9.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, AND DEPRECIATION, FOR BUSINESSES WITH ADDITIONAL FIRST -YEAR DEPRECIATION
Industry
Businesses with and without net profit
Total
number of
businesses
Businesses with additional first-year depreciation
Number of
businesses
Business
receipts
(Thousand
dollar*)
Net profit
(less loss)
(Thousand
dollar*)
Depreciation
(Thousand
dollar a)
Additional
first-year
(Thousand
dollar*)
Total
number of
businesses
Businesses with net profit
Businesses with additional first-year depreciation
Number of
businesses
Business
receipts
(Thoaamnd
dollar,)
(Thousand
dollars)
Depreciation
(Thousand
dollars)
Additional
first-year
(Thousand
dollars)
U)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
All industries.
Mining
Construction.
General contractors
Special trade contractors.
Other construction
Manufacturing .
Transportation, communication, and sanitary
services
Wholesale and retail trade.
Wholesale trade
Retail trade
Grocery stores, meat, fish, fruit,
vegetable markets
Gasoline service stations
Eating and drinking places
Other retail trade
Wholesale and retail trade not allocable.
Finance, insurance, and real estate.
and
Lodging services
Personal services
Business services
Repair services except automotive.
Medical and other health services.
Offices of physicians, surgeons,
oculists
Offices of dentists and dental surgeons.
Other medical and health services
Legal services
Accounting, auditing, and bookkeeping
services
Other services
(9)
(10)
(11)
9,089,985
Agriculture, forestry, and fisheries
Farms
Other agriculture, forestry and fisheries....
Nature of business not allocable.
3,480,195
3,358,615
121,580
33,036
655,155
110,187
510,735
34,233
237,661
1,944,759
306,403
1,547,858
257,176
203,960
294,588
792,134
90,498
482,909
1,966,068
131,461
465,935
207,430
164,277
392,381
142,444
83,832
166,105
122,356
84,931
397,297
47,568
2,594,226
278,293
134,143
36,565
22,882
540
589
1,346
435
1,866
1,078
10,706
977
8,878
1,752
1,777
1,457
3,892
851
1,855
12,183
984
1,430
882
1,209
1,992
1,548
901
1,145
1,340
(2)
380,804
13,335
78,012
74,229
33,037
187,864
73,352
1,330,768
207,704
1,043,306
294, 142
201,500
69,395
478,269
79,758
365,864
29,577
46,782
19,244
14,059
175,296
98,345
42,784
34,167
12,007
49,954
(2)
49,402
48,087
1,315
1805
15,107
3,154
10,772
1,181
?0,OOO
2,434
59,283
9,183
41,979
9,788
6,486
4,977
20,728
8,121
8,106
124,837
2,090
9,445
4,140
2,213
81,566
52,194
19,898
9,474
5,471
9,122
59,740
57,936
1,804
1,184
9,276
2,866
4,547
1,863
7,951
5,320
21,661
3,059
16,007
3,956
1,772
3,164
7,115
2,595
2,209
26,463
6,600
4,252
1,828
903
8,786
4,050
2,468
2,268
618
2,841
U,752
14,482
270
267
3,145
899
1,712
534
2,071
1,069
6,334
591
5,187
1,216
619
1,112
2,240
556
1,160
7,428
1,875
1,184
422
337
2,344
1,056
840
448
141
949
(2)
(2)
<2)
2,295,026
97,745
19,019
595,941
92,012
474,953
28,976
159,805
233,835
1,578,520
261,771
1,242,720
219,091
165,656
230,336
627,637
74,029
396,882
1,697,209
86,865
419,138
171,922
135,947
373,385
134,569
82,269
156,547
111,081
77,855
321,016
33,304
17,212
336
388
1,312
234
978
8,749
670
7,328
1,652
1,677
951
3,048
751
1,512
10,158
482
1,029
577
676
4,268
1,958
1,512
798
1,045
1,331
(2)
346,201
9,267
71,784
74,229
31,207
72,853
1,275,860
206,328
990,208
293,733
200,656
46,490
449,329
79,324
35,896
349,211
22,404
45,383
17,876
10,832
172,160
95,560
42,772
33,828
18,935
11,959
49,662
(2)
63,533
1,563
3,449
10,878
1,437
2,677
61,919
9,458
44,296
9,788
6,727
5,754
22,027
8,165
8,834
129,130
4,487
9,956
4,453
2,390
82,231
52,622
19,991
9,618
10,794
5,472
9,347
(2)
45,313
1,024
2,221
4,480
1,663
5,014
19,072
2,722
13,920
3,934
1,747
1,833
6,406
2,430
1,754
21,695
4,020
3,564
1,175
505
8,441
3,853
2,414
2,174
601
2,755
(2)
(12)
27,658
10,599
10,454
145
59
568
1,708
410
1,034
4,968
439
4,094
1,196
614
273
2,011
435
1,105
5,059
515
747
100
191
2,259
1,047
792
420
133
938
(2)
xNet loss exceeds net profit.
2No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
See table 1 for a complete list of industrial groups for sole proprietorships.
48
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
SOLE PROPRIETORSHIPS
Table 10.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND SELECTED BUSINESS DEDUCTIONS, BY STATES
United States, total.
Alabama ....
Alaska
Arizona.. . .
Arkansas . . .
California-
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia. .
Hawaii . . ■
Idaho.. . .
Illinois.
Indiana. .
Iowa
Kansas ....
Kentucky. .
Louisiana.
Maine
Maryland
Massachusetts .
Michigan
Minnesota
Mississippi. . .
Missouri
Montana
Nebraska
Nevada
New Hampshire.
New Jersey
New Mexico
New York
North Carolina.
North Dakota . . .
Ohio
Oklahoma
Oregon
Pennsylvania .
Rhode Island.
South Carolina.
South Dakota . . .
Tennessee
Texas
Utah
Vermont
Virginia
Washington- - - ■
West Virginia.
Wisconsin
Wyoming
Other areas1.
Number of
Business
receipts
Net profit
Net loss
Depreciation
Amortization
Depletion
businesses
t Thousand
dollars)
( Thousand
dollars)
(Thcaraand
dollars)
(Thotiaajrd
dollars)
( Thousand
dollars)
1 Thousand
dollars)
(i)
(2)
(3)
(4)
(5)
(6)
(7)
9,070,909
171,160,875
24,273,330
3,205,635
7,074,908
19,395
222,941
126,967
8,881
50,373
111,012
664,337
2,281,321
199,506
1,600,984
1,882,715
17,010,395
240,466
29,972
160,658
202,214
2,473,248
52,915
6,545
37,508
40,812
345,173
88,755
11,362
61,436
93,284
617, ia
32
11
161
1,862
15
76
258
732
6,015
105,711
87,450
17,912
23,605
220,721
1,842,521
1,986,067
381,856
366,812
4,463,963
299,855
348,571
53,619
76,042
587,781
44,190
18,103
9,266
5,130
128,375
98,401
52,630
14,696
9,139
178,523
554
25
2
4
396
2,687
220
30
105
827
160,483
23,977
58,182
510,807
298,020
3,117,399
352,946
1,043,573
9,772,539
4,389,732
337,315
78,605
137,886
1,515,027
672,608
70,726
.4,147
20,452
161,530
72,540
122,682
8,583
65,731
445,239
212,418
332
20
20
1,072
644
58
63
166
5,632
564
315,537
202,263
204,110
113,709
50,157
4,927,139
3,248,196
2,616,536
2,250,846
981,739
709,108
463,316
354,878
268,613
121,514
80,442
59,135
47,326
50,109
11,829
308,430
180,917
99,476
91,033
35,413
471
152
41
78
1,556
6,091
2,343
15,432
197
112,784
167,668
334,669
257,527
100,841
2,143,228
3,574,114
7,355,024
3,628,190
1,658,661
372,762
640,793
969,276
539,328
163,498
35,400
33,009
90,675
69,599
47,125
72,001
18,996
256,873
233,402
72,247
420
38
379
73
8
32
382
841
601
1,005
301,551
57,362
155,371
13,084
28,512
4,427,898
1,137,467
2,528,921
326,217
590,521
626,041
138,823
358,783
40,943
83,445
86,483
27,706
34,916
11,638
7,699
182,126
78,554
153,079
14,313
18,480
385
8
179
8
1,271
1,931
146
237
22
158
208,493
42,664
626, 847
256,220
87,776
5,094,923
858,814
13,655,269
3,485,684
1,057,532
784,733
103,530
2,311,319
467,465
163,040
41,882
25,650
172,629
47,469
17,155
134,780
45,445
373,734
136,294
109,885
736
23
2,376
272
71
299
687
2,059
68
86
453,385
172,217
107,262
430,288
26,861
8,115,981
2,634,890
2,162,153
10,158,877
655,073
1,254,656
367,576
300,852
1,382,265
92,966
115,080
80,218
45,315
111,228
4,429
280,311
134,056
96,624
316,183
16,438
506
115
95
1,481
1,397
13,913
3,822
828
93,014
91,322
207,268
636,468
1,519,939
1,242,902
2,892,096
12,204,948
175,022
154,122
340,206
1,451,061
22,887
25,008
55,963
491,322
52,128
94,227
91,067
658,187
284
259
1,872
533
25,964
163,157
148,080
65,194
431,781
2,854,192
3,124,056
1,122,206
55,531
348,543
437,581
156,317
6,575
67,807
53,608
14,160
24,497
102,229
124,110
32,253
1,049
143
183
291
25,700
2.661
477,679
11.005
65,493
4.951
15,562
561
31,140
466
5
41
includes data for returns from Puerto Rico, Virgin Islands, Panama Canal Zone, and returns of citizens residing abroad.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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211
BASIC TABLES
ACTIVE PARTNERSHIPS
Page
12. Number of partnerships, business receipts, depreciation, in-
ventory, gross profit, net profit, gross loss, and net loss,
by industrial group 54
13. Number of partnerships, business receipts, gross profit, net
profit, and depreciation, by selected industries and size of
business receipts eg
14-. Number of partnerships, business receipts, gross profit, net
profit, net loss, and depreciation, by selected industries
and size of net profit 62
15. Partnerships with employees: Reporting patterns of business
receipts, gross profit, net profit, net loss, and depreciation
by selected industries 6=
16. Partnerships without employees: Reporting patterns of busi-
ness receipts, gross prof it, net profit, net loss, and depre-
ciation, by selected industries 66
17 . Income statements items for selected industries 67
18. Number of partnerships, business receipts, and net profit, by
ratio of net profit to business receipts for selected
industries 73
19. Number of partnerships, business receipts, gross profit, net
profit, for partnerships with additional first-year depreci-
ation, by selected industries 76
20. Number of partnerships, business receipts, gross profit, net
profit, for partnerships with additional first-year depre-
ciation, by selected industries and size of net profit 77
21. Number of partnerships with additional first-year deprecia-
tion, by selected industries and size of depreciation 79
22. Number of partnerships, business receipts, gross profit, net
profit, and cost of goods sold items, by industrial division 80
23. Selected income and deduction items, by States 81
24-. Number of partnerships and business receipts, by selected in-
dustries and States g2
53
54
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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56 U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE PARTNERSHIPS
Table 13. -NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF BUSINESS RECEIPTS
Industry and size of business receipts
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
f Thousand
dollar,^
Gross
profit
(less loss)
(Thau wand
dollar,)
Net profit
(less loss!
I Thousand
dollar*)
Deprecia-
tion
(Thousand
dollara)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
(Thou—nd
dollar*)
Gross
profit
(Thouaand
dollara)
(Thouaand
dollar a)
Deprecia-
tion
(Thouaand
dollara)
ALL INDUSTRIES
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
AGRICULTURE, FORESTRY, AND FISHERIES
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
MINING
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
CONSTRUCTION
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
MANUFACTURING
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
TRANSPORTATION, COMUN I CATION, WATER SUPPLY, AND SANITARY
SKHVICES
Total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50 ,000
$50,000 under $100,000
$100,000 under $200,000
$200,000 under $501,000
$500,000 under $1,000,000...
$1,000,000 under $5,000,000.
$5,000,000 or more
Receipts not reported.
(1)
(2)
(3)
(6)
(8)
940,560
72,771,424
29,329,891
739,428
64,874,786
26,472.475
9,373,289
290,228
131,959
a
112,159
131,931
88,245
51,997
12,716
6,642
543
27,536
1,098,071
1,870,991
2,089,457
4,313,868
9,335,439
12.237,163
15,643,053
8,657,357
12,056,300
5,469,725
912,398
1,407,499
1,423,610
2,650,432
4,882,215
5,413,951
5,608,836
2,579,267
3,023,713
1,427,970
172,802
446,163
477,732
864,698
1,632,568
1,754,449
1,497,936
625,163
665,961
287,516
164,615
170,151
171,878
141 , 508
228,411
322,125
332,369
349,915
150,781
148,970
54,487
12,911
196,223
106.726
72,772
96,585
117,111
80,064
46,792
11,420
5,978
480
5,277
816,138
1,512,456
1,755,179
3,716,371
8,309,988
11,112,082
14,067,240
7,771,272
10,830,118
4,983,942
712,322
1,186,473
1,238,667
2,330,398
4,440,343
4,984,911
5,102,726
2,351,498
2,759,256
1,365,881
367,897
537,275
542,687
949,766
1,748,667
1,852,488
1,619,434
665,263
733,111
310,688
46,013
36, 106
554,540
330,789
103,876
728,594
54,672
26,513
14,122
14,686
11,241
5,438
2,075
462
179
6
6,912
241,134
382,414
347,394
571,639
775,346
733,009
619,702
314,895
316,221
50,314
227,165
354,493
308,932
485,900
612,745
530,981
382,977
135,596
96,292
18,673
40,400
86,560
66,860
99,412
123,678
83,268
40,774
11,471
5,278
1,683
14,844
37,131
46,220
37,443
52,308
59,722
49,255
27,952
10,238
7,222
799
2,499
39,015
22,183
11,924
12,307
9,459
4,452
1,528
380
136
5
2,487
187,705
319,871
293,561
477,925
657,145
600,847
458,577
258,973
239,955
44,038
181,198
301,261
264,882
409,888
536,569
441,125
290,366
111,472
73,140
18,247
83,887
107,028
85,353
116.577
142,662
98,822
55.584
15,744
10,799
1,887
10,251
15,697
519,012
'42,816
103,367
8,400
721,616
411,262
114,348
6,228
1,571
924
1,313
1,307
1,169
728
203
99
7
2,148
18,986
22,581
22,285
52,545
96,763
164,591
228,424
142,386
184,760
73,615
9,281
13,193
13,129
32,457
58,987
93,403
110,265
65,454
85,039
37,804
'16,389
'3,009
891
'4,595
2,222
8,467
'10,771
11,954
1,573
6,559
'39,718
5,468
2,583
2,013
5,695
9,935
18,893
22,162
12,612
13,554
8,979
3,396
888
689
918
866
773
490
165
75
11,561
12,864
16,858
36,426
65,271
110,119
156,536
115,042
136,459
60,480
10,440
10,329
12,856
23,650
43,447
67,683
83,589
56,322
72,021
30,725
4,108
3,460
4,779
9,951
11,600
18,493
21,145
15,278
18,623
6,813
98
62,451
6,583,633
637,785
168,022
52,944
1,820,524
713,533
11,458
10,657
7,240
9,47b
10,356
6,197
4.378
1,050
692
84
863
59, X8
155,820
179,301
365,672
732,678
847,477
,332,271
709,532
,288,793
912,781
41,462
103,976
104,937
188,724
318,962
X8.874
393,424
169,508
224,124
142,150
18,736
52,433
48,656
71,581
108,362
91,590
112,089
40,995
54,657
40,739
'2,053
3,970
6,579
6,791
13,070
18,829
21,884
36,303
14,772
22,308
22,790
726
8,823
9,211
6,239
8,234
9,312
5,447
3,942
917
568
64
49,537
134,672
154,449
318,473
656,747
742,269
1,201,969
618,694
1,025,030
740,197
35,720
93,573
93,095
166,581
298,207
281,175
364,724
156,417
195,425
135,607
22,160
54,718
50,399
75,695
116,090
99,391
119,737
46,402
68,312
54,972
5,657
47,183
602,274
167,129
37,898
663,127
8,478
5,219
4,136
6,229
7,559
6,373
5,318
1,822
1,035
68
946
38,299
78,184
102,074
243,501
550,310
890,604
,662,787
,258,268
.891,629
656,563
23,552
46,698
57,727
130,762
250,852
340,171
561.666
349,249
454,140
106,559
2,931
10,061
21,302
48.631
74,390
100.587
149,551
79,354
98,317
19,169
'2,019
3,933
4,550
4,774
9,488
17,760
25,830
41,758
25,132
27,757
5,708
439
5,198
4,084
3,544
5,282
6,636
5,672
4,820
1,608
927
59
68
26,326
60,769
86,821
207,845
484,891
792,300
1.504,850
1,110,758
1,711,238
581,231
18.281
38,926
51,590
117,037
230,849
311,196
523,759
316,094
420,974
97,811
8,975
17,638
23,835
51,741
80.980
107,284
157,700
86,538
106,520
21,307
609
17,638
801,832
128, )2(
76,160
13,786
887,812
718,301
144,877
4,994
3,582
1,901
2,416
2,196
1,313
685
165
53
1
24,032
53,244
46,786
95,001
156,326
183,528
ao.437
114,123
100,234
16,621
22,675
49,033
43,327
82,393
132,977
154,801
169,205
73,349
70,346
3,726
2,030
13,162
8,670
18, 599
19,756
25,548
20,103
12,632
11,203
881
'3,658
4,022
6,593
4,810
8,404
14,421
13,579
14,557
5,292
4,282
19
181
3,133
3,092
1,547
2,102
1,784
1,253
620
148
49
17,253
46,072
38,350
82,627
125,860
175,906
188,170
101,933
95,020
16,621
16,645
42,847
35,868
72,395
111,986
149,519
153,204
64,865
67,246
3,726
6,313
14,393
9,898
19,644
21,701
26.0X
20,830
13,128
11,495
881
564
1,539,015
83,816
117,236
103.421
169,440
246,933
253,139
273,041
123,252
117,855
47,013
3,869
235,818
19,045
33.684
28,144
39,362
46,421
36,535
19,436
7,848
4,701
597
45
59,997
1,404
942
1,321
2,907
4,729
8,638
13,157
10,085
9,149
7,651
14
136,189
1,904
5,269
5,169
10,371
16,016
17,780
30,592
12,306
16,098
20,011
673
138,509
1,549
3,125
3,684
8,067
14,835
21,605
37,085
21,189
22,792
4,578
62,357
1,775
5,017
3,630
6,777
11,118
12,905
12,646
4,491
3,977
19
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
ACTIVE PARTNERSHIPS
57
Table 13.— NUMBER OF PARTNERSHIPS,
BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
BUSINESS RECEIPTS— Continued
Industry and size of business receipts
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollar*)
Gross
profit
(less loss)
(Thousand
dollars)
Net profit
{less loss)
( Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(Thousand
dollars)
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
WHOLESALE AND RETAIL TRADE
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported -.
Wholesale Trade
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Retail Trade
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Grocery stores, meat, fish, fruit and vegetable
markets , total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
General merchandise, total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000 .•
$100,000 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
Receipts not reported
Apparel and accessories , total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
(1)
(2)
(3)
(4)
(5)
(6)
(8)
(9)
291,053
39,002,533
8,749,550
405,782
239,575
35,293,247
8,034,933
2,458,219
34,181
28,663
26,216
42,588
64,979
49,547
31 , 316
7,558
3,840
288
1,877
40,572
156,812
430,202
653,984
1,682,370
4,694,828
6,962,624
9,505,932
5,164,279
6,978,031
2,773,471
12,711,942
61,484
162,103
245,473
595,123
1,472,648
1,865,282
2,194,267
970,814
980,089
202,267
2,093,765
5,365
43,762
75,960
192,345
453,121
561,778
537,758
201,685
184,222
33,062
1,312
586,753
6,201
11,766
14,431
29,879
69,624
82,656
103,526
42,854
37,144
7,106
595
95,028
19,041
20,743
20,746
36,108
57,618
45,536
28,471
6,871
3,542
262
637
34,392
98,624
312,525
519,145
1,428,764
4,175,613
6,404,504
8,637,654
4,694,586
6,439,335
2,582,497
11,732,368
46,695
131,180
210,151
528,297
1,341,423
1,742,408
2,033,944
895,561
918,886
186,388
24,550
59,820
89,029
209,919
483,251
580,397
564,358
212,955
193,137
35,585
5,218
627,562
4,993
2,961
2,519
3,607
6,612
6,214
7,380
3,104
2,231
243
708
238,451
21,169
44,698
63,277
143,803
487,474
889,016
2,320,543
2,152,068
4,261,678
2,328,216
24,786,856
10,216
23,901
39,663
82,883
206,069
255,655
491,641
363,309
492,937
127,491
6,302,484
2,868
10,334
17,797
33, 583
73,086
90,938
130,296
89,786
108,649
27,099
2,317
1,199
1,707
1,917
3,660
10,799
12,013
24,961
16,460
17,864
4,236
212
292,453
3,053
2,316
2,123
3,118
5,834
5,697
6,678
2,868
2,087
224
195,737
14,382
35,003
53,441
124,154
432,702
812,621
2,104,941
1,987,263
3,974,088
2,193,773
22,199,029
8,658
20,915
36,357
76,625
192,752
241,221
459,464
342,740
467,169
118,785
5,744,762
6,180
12,693
19,303
35,463
78,451
93, 535
140,684
95,246
113,478
28,079
4,450
25,894
24,390
22,835
37,844
56,599
41,739
22,588
4,045
1,431
39
1,047
35,080
125,977
366,066
569,440
1,492,161
4,080,085
5,834,874
6,775,991
2,738,017
2,422,360
381,885
47,733
130,567
198,037
493,091
1,227,292
1,543,978
1,607,291
550,388
437,514
66,593
921,455
2,092
31,430
54,195
152,281
368,565
450,673
382,723
98,508
65,678
6,696
x861
256,337
4,703
9,588
12,169
25,586
56,795
67,756
73,662
23,360
16,886
1,646
302
47,848
14,087
17,391
17,819
32,010
50,314
38,402
20,531
3,618
1,288
34
243
30,853
77,831
262,397
445,871
1,264,207
3,636,110
5,376,695
6,147,441
2,449,133
2,187,912
351,432
35,041
103,936
166,300
434,214
1,114,749
1,440,128
1,483,897
499,699
403,688
63,110
865,830
16,562
44,581
65,655
167,189
391,716
466,223
398,376
104,088
69,568
6,947
768
269,197
1,294
2,159
2,392
4,833
8,920
8,723
5,163
1,087
418
10
14,048
8,460
32,693
59, 593
190,986
654,350
1,242,930
1,558,853
742,830
739,286
149,395
1,374,262
1,960
6,470
10,563
35,327
120,209
212,443
257,073
126,714
125,054
25,642
372,889
312
1,796
3,398
15,452
46,913
71,825
67,059
26,275
20,292
3,106
L91
101,106
234
527
844
1,736
6,293
11,147
13,544
6,509
6,106
905
21,086
686
1,551
1,840
4,186
8,250
8,116
4,773
1,023
392
10
26
11,774
4,494
23,503
46,446
165,201
605,665
1,156,318
1,434,962
698,615
696,379
149,395
1,297
5,201
9,037
32,096
114,149
199,688
240,471
119,942
118,307
25,642
348,217
835
2,797
4,094
16,693
48,850
74,582
70,257
26,860
21,064
3,106
59
106,892
1,976
1,271
1,118
2,211
3,477
2,495
1,166
194
79
15,674
7,148
19,405
28,418
87,479
252,737
358,050
349,383
133,104
132,823
5,715
1,516,738
2,905
5,398
8,473
24,880
64,998
94,375
91,474
39,023
38,758
2,605
499, 502
364
1,660
3,233
10,103
23,476
26,519
22,965
6,811
5,858
101
16
130,296
423
540
494
1,273
4,097
5,416
5,070
1,987
1,760
26
14,794
944
998
923
1,935
3,261
2,373
1,066
ISO
73
13,252
4,697
15,248
23.44B
76,347
237,175
340,514
321,957
123,953
124,372
5,715
1,395,399
2,366
4,896
7,504
22,428
62,239
88,326
84,906
36,283
36,664
2,605
466,492
1,296
2,209
3,489
10,611
24, 585
27,033
24,458
7,045
6,018
101
47
137,486
1,415
1,312
1,469
2,783
4,211
2,798
1,443
181
60
7,591
20,137
37,399
113,206
302,754
386,233
426,795
124,309
86,708
11,606
2,465
7,188
11,256
36,768
99,509
126,336
142,755
42,291
27,875
3,059
240
1,443
3,048
11,291
31,228
39,989
32,831
6,590
3,479
157
106
243
417
1,231
2,716
3,294
4,658
1,314
732
83
861
881
1,038
2,293
3,876
2,735
1,348
162
56
2
5,249
13,173
26,242
92,267
277,583
377,790
401,248
109,567
80,674
11,606
2,242
5,579
8,972
31,268
92,318
124,808
134,887
37,086
26,273
3,059
981
2,220
4,142
12,824
32,713
40,377
33,622
6,908
3,542
157
(10)
349,403
2,482
7,944
10,792
24,384
59,563
74,936
90,599
38,927
34,154
5,465
157
82,896
484
1,308
1,751
3,030
8,775
10,869
21,482
15,026
16,318
3,715
138
250,913
1,902
6,403
8,703
20,798
49,212
61,307
64,376
21,080
15,532
1,581
19
43,508
86
288
617
1,458
5,810
10,353
12,137
6,102
5,752
905
19,231
235
463
399
1,061
3,950
5,069
4,571
1,815
1,642
26
13,237
46
169
269
959
2,483
3,257
4,193
1,146
632
83
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
58
ACTIVE PARTNERSHIPS
Tablel3.— NUMBER OF PARTNERSHIPS,
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION
BUSINESS RECEIPTS— Continued
BY SELECTED INDUSTRIES AND SIZE OF
Industry and size of business receipts
WHOLESALE AND RETAIL TRADE— Continued
Retail Trade — Continued
Furniture, home furnishings, and equipment, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Automotive dealers, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Gasoline service stations, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Eating and drinking places, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Other retail trade, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000.'
$100,000 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
Receipts not reported
Wholesale and R^tuil T-ade not Allocable.
FINANCE, INSURANCE, AND REAL ESTATE
Total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Partnerships with and without net profit
Number of
partner-
ships
(1)
14,885
1,535
1,597
1,400
2,164
3,435
2,775
1,550
193
40
1
195
14,736
1,430
1,043
798
1,439
2,210
2,5b4
3,238
1,298
579
18
119
30,554
Business
receipts
( Thousand
dollars)
1,464,407
7,689
23,592
34,502
86,735
253,170
382,432
451,942
129,843
56, 591
37,911
3,705,525
2,044
2,379
2,583
5,328
9,947
6,557
1,498
97
47,409
7,467
7,536
7,491
10,104
9,648
3,445
1,297
130
36
66,065
7,093
5,584
8,982
14,751
12,382
7,233
865
196
6,494
15,997
19,428
54,967
155,903
371,546
1,065,978
888,140
1,007,667
119,405
11,743
35,579
65,497
211,142
725,966
889,252
416,534
64,034
1 5 , 84 1
Gross
profit
(less loss)
(Thousand
dollars)
480,459
3,616
8,535
13,735
32,651
87,689
128,452
143,193
39,298
18,892
4,398
524,267
1,802
3,938
4,683
16,433
36,220
63,648
145,425
110,057
127,578
14,483
553,802
Net profit
{less loss)
( Thousand
dollars)
121,580
490
1,670
3,502
9,807
24,860
34,274
37,463
6,841
2,350
193
130
88,388
39,278
112,610
186,809
391,233
665,836
459,123
368,816
84,493
48,178
6,534,584
202,630
123,186
28,329
13,887
12,987
8,765
3,863
1,740
362
252
50
9,209
37,574
106,053
137,794
356,413
1,069,369
1,745,308
2,137,690
571,264
315,266
57,853
4,031,113
2,994
8,683
13,835
46,455
164,122
199,478
95,012
15,663
7,560
1,107,614
17,019
48,936
84,376
179,015
311,019
209,245
186,980
45,455
25,569
1,842,496
14,972
41,419
51,116
121,562
343,526
510,001
545,379
131,887
66,228
16,406
353,301
'579
470
428
3,879
8,291
16,058
27,569
15,927
15,470
993
'118
158,485
586
1,737
3,716
14,099
54,954
59,699
19,802
2,777
1,024
229,757
Deprecia-
tion
(Thousand
dollars)
17,720
239
475
920
1,724
3,487
4,785
4,586
1,079
414
19,871
246
264
249
752
1,578
2,568
6,332
3,589
3,913
352
28
20,747
Number of
partner-
ships
(6)
11,833
768
984
1,081
1,828
2,946
2,500
1,453
174
38
1
60
10,654
'191
10,830
22,546
48,844
74,203
37,132
27,345
5,831
3,652
526,031
870
11,824
14,324
38,806
104,640
165,177
147,689
27,456
13,553
2,146
348,771
347,467
287,399
424,680
524,245
446,858
431,296
211,869
423,033
585,495
. [88, '-•
346,206
343,715
284,298
414,955
502,177
416,982
389,724
198,700
413,245
578,778
454
91,637
79,559
125,602
117,334
155,940
168,685
124,640
100,936
61,018
19, 837
90,897
'22,653
184
379
494
1,904
5,548
6,846
4,015
930
362
65,536
1,768
4,395
5,671
10,177
16,462
12,480
11,209
2,203
1,064
84,851
1,503
2,765
3,080
6,789
16,614
21,220
24,248
5,749
2,535
280
68
18,301
473,777
84,321
65,103
46,145
66,352
65,745
55,774
48,374
18,429
16,557
5,978
999
547
627
476
1,020
1,780
2,056
2,572
1,072
490
13
25,283
Partnerships with net profi
Business
receipts
(Thousand
dollars)
(7)
1,314,159
4,551
14,468
26,894
73,056
217,319
344,591
424,260
116,970
54,139
37,911
1,313
1,397
1,937
4,348
8,728
6,010
1,418
93
20
38,105
4,191
5,766
6,180
8,970
8,620
3,013
1,153
119
35
53,983
4,777
5,187
4,344
7,430
12,853
11,599
6,748
795
184
7
59
145,653
85,808
23,535
12,279
11,234
7,451
3,325
1,430
324
221
46
2,813
9,859
11,562
39,686
125,997
293,662
853,934
736,671
855,338
88,952
2,197,777
Gross
profit
(Thousand
dollars)
438,451
2,702
6,455
11,856
29,578
78,150
117,400
135,268
34,713
17,931
4,398
442,673
8,073
20,310
49,463
173,538
640,128
819,184
394,819
61,337
30,925
23,575
87,596
155,051
347,484
595,674
406,413
330,717
77,750
46,995
5,947,561
24,379
78,240
106,765
296,628
936,569
1,638,223
1,985,544
524,270
299,090
57,853
268,959
287,606
253,428
365,708
442,571
381,792
354,025
188,861
365,826
563,321
1,584
3,416
3,348
13,341
30,532
54,661
120,938
93,908
109,945
11,000
503,128
( Thousand
dollars)
(9)
131,331
1,246
2,854
4,448
11,111
27,125
35,625
38,556
7,235
2,648
193
290
107,024
2,503
6,137
11,839
40,051
146,912
185,694
88,509
15,068
6,415
979,100
10,708
38,149
71,508
160,255
280,948
183,731
167,089
41,783
24,929
11,639
34,103
42,236
105,197
309,501
485,820
511,829
120,916
63,224
16,406
267,012
284,991
250,335
357,438
420,503
357,053
313,975
176,849
356,038
556,604
998
1,782
1,117
5,102
10,929
19,072
30,916
18,344
17,488
1,244
32
Deprecia-
tion
(Thousand
dollars)
1,455
2,900
4,977
16,057
58,074
61,260
20,109
2,814
1,059
251,588
3,952
13,623
25,600
52,001
77,298
40,160
29,119
6,095
3,682
58
559,314
5,799
16,196
17,788
42,790
112,142
168,114
151,339
28,787
14,067
2,146
146
98,984
3,340,798 1,336,025
148,604
150,533
131,853
171,977
200,412
152,508
123,703
64,234
98,782
93,419
(10)
15,532
143
408
686
1,443
3,003
4,243
4,293
932
381
16,134
21
121
137
549
1,235
2,148
5,183
3,012
3,441
287
18,224
108
207
416
1,527
4,680
6,229
3,893
853
311
52,041
638
2,858
4,147
8,537
14,343
10,497
8,044
1,950
1,010
73,006
625
1,889
2,032
5,264
13,708
19,511
22,062
5,270
2,363
280
294,783
45,524
43,048
32,647
44,964
40,121
32,895
23,161
14,207
12 ,474
5,742
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
59
ACTIVE PARTNERSHIPS
Table 1 3.-
■NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION,
BUSINESS RECEIPTS— Continued
BY SELECTED INDUSTRIES AND SIZE OF
Industry and size of business receipts
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(less loss)
(Thousand
dollars)
Net profit
(less loss)
( Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
( Thousand
dollars)
Gross
profit
( Thousand
dollars)
Net profit
(Thousand
dollars)
'eprecia-
tion
( Thousand
do I fars )
(i)
(2)
(3)
(4)
(5)
(6)
(8)
(9)
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
LO'l>:inp oervloeo
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported . . f . . . .
Personal Services
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Laundries, laundry services, and cleaning and dyeing
plants , total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Other personal services.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Business Services
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
159,360
9,281,292
7,797,617
3,055,552
354,800
131,521
8,629,767
7,298,664
3,166,213
43,163
26,343
17,492
21,955
25,312
14,179
5,663
1,085
489
39
3,640
14,066
196,751
386,391
433,464
858,339
1,790,692
1,985,156
1,626,945
735,217
867,472
400,865
596,460
169,291
322,479
352,185
703,793
1,521,613
1,693,082
1,390,381
612,375
694,405
338,013
480,099
35,145
111,755
130,399
275,779
678,558
754,017
541,043
204,789
217,135
94, 526
12,406
32,966
24,289
28,173
24,892
42,234
65,804
64,200
54,882
21,325
20,110
3,108
5,783
81,281
28,905
22,006
15,217
19,950
23,769
13,479
5,407
998
457
38
1,295
1,473
144,682
324,595
378,250
780,869
1,687,639
1,887,951
1,543,459
675,637
811,128
395,557
441,166
126,688
272,277
308,408
640,974
1,446,105
1,625,401
1,322,849
569,696
649,493
336,773
357,267
63,223
123,778
139,712
287,247
688,175
764,715
549,907
209,719
221,704
95,824
22,209
67,782
4,725
2,504
1,749
1,803
1,426
652
353
82
29
3
32, 574
20,998
36,617
42,921
68,273
97,650
90,350
115,122
54,635
50,844
19,050
18,943
32,858
36,686
56,147
82,326
71,525
94,672
41,997
35,820
9,125
791,850
'2,584
813
4,611
7,481
9,477
2,189
7,156
2,572
1,722
1,007
'1,478
205,207
6,073
7,085
7,004
9,230
15,283
12,078
11,126
5,551
4,242
709
2,900
59,298
2,064
1,613
1,317
1,445
1,029
454
287
57
22
3
26,890
10,408
24,019
32,381
54,769
71,371
62,535
91,978
37,722
36,933
19,050
955,557
9,748
21,418
27,520
45,060
61,564
51,075
77,316
29,237
25,204
9,125
728,473
3,729
5,016
7,184
9,919
13,006
8,743
10,410
4,273
2,771
1,007
1,724
214,720
11,588
8,181
4,122
3,438
3,105
1,355
403
58
29
12,853
61,782
115,642
100,019
134,287
222,784
191,699
111,994
40,851
52,836
477,718
55, 577
102,478
83,017
108,329
167,912
134,937
78,531
25,821
35,248
368,028
16,776
32,234
26,085
..- ,895
42,361
34,611
18,001
3,305
4,920
60,323
7,170
8,749
5,415
8,249
12,026
8,685
4,937
1,544
2,471
35,177
8,386
6,887
3,650
3,105
2,928
1,355
397
53
28
9,373
48,070
97,543
88,396
121,140
210,377
191,699
110,484
37, 393
50,455
428,874
43,279
86,926
74,207
96,189
157,835
134,937
77,514
23,870
33,716
327,098
21,687
34,102
27,181
27,526
42,889
34,611
18,022
3,450
4,940
67,145
3,843
3,211
1,845
1,664
1,299
583
188
42
19,721
20,194
45,794
45,104
64,805
91,679
84,518
54,435
30,345
40,844
554,176
18,371
41,402
37,318
56,082
72,918
56,607
39,475
18,790
27,065
423,822
'687
6,752
9,040
11,265
13,724
8,892
6,137
1,816
3,435
'51
144,884
5,381
6,630
3,313
5,200
5,085
3,751
2,505
1,267
2,038
24,121
1,803
2,467
1,590
1,449
1,181
583
182
17, 517
10,888
35,803
38,727
56,236
83,287
84,518
52,925
28,027
38,463
526,683
9,973
32,874
31,913
47,583
66,193
56,607
38,458
17,964
25,533
401,375
3,348
7,829
9,727
11,720
14,004
8,892
6,158
1,935
3,455
147,575
7,745
4,970
2,277
1,774
1,806
772
215
16
14,271
41 , 588
69,848
54,915
69,482
131,105
107,181
57,559
10,506
11,992
714,340
37,206
61,076
45,699
52,247
94,994
78,330
39,056
7,031
8,183
490,512
17,463
25,482
17,045
15,630
28,637
25,719
11,864
1,489
1,485
70
127,130
1,789
2,119
2,102
3,049
6,941
-4,934
2,432
277
433
51,568
6,583
4,420
2,060
1,656
1,747
772
215
14
11,052
37,182
61,740
49,669
64,904
127,090
107,181
57, 559
9,366
11,992
657,659
33,306
54,052
42,294
48,606
91,642
78,330
39,056
5,906
8,183
445,628
18,339
26,273
17,454
15,806
28,885
25,719
11,864
1,515
1,485
138,724
5,619
2,289
1,353
1,278
1,509
874
447
103
68
3
21,154
35,136
34,215
49,701
102,979
124,633
134,037
69,392
119,961
23,132
18,146
31,613
28,407
42,200
78,361
95,523
82,295
38,236
59,148
16, 583
4,440
12,420
9,803
13,553
24,429
17,951
19,558
8,315
10,729
5,357
575
3,187
3,40"
2,465
5,183
6,467
11,825
9,948
1,694
5,585
1O0
1,713
3,673
2,054
1,196
1,103
1,391
752
421
15,516
31,466
30,300
42,962
96,105
108,409
125,596
65,217
118,956
23,132
13,784
28,270
25,322
37,138
72,406
83,184
75,054
35,744
58,143
16,583
7,242
13,824
10,489
15,220
24,610
19,407
20,329
8,525
11,953
5,357
1,768
(10)
259,168
9,683
17,908
17,862
31,810
53,845
47,547
46,039
14,072
14,474
2,950
2,978
46,063
1,692
3,582
4,202
6,437
9,163
5,500
8,695
2,929
2,548
709
606
48,327
2,703
6,118
4,111
6,870
11,559
8,685
4,834
1,490
1,910
25,764
1,314
4,368
2,410
3,994
4,824
3,751
2,402
1,219
1,477
22,563
1,389
1,750
1,701
2,876
6,735
4,934
2,432
271
433
36,692
1,345
2,330
1,914
3,074
5,147
6,966
9,839
1,090
3,360
100
1,527
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
691-248 O - 63
60
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Tablel3.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
BUSINESS RECEIPTS— Continued
Industry and size of business receipts
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(less loss)
(Thousand
dollara)
Net profit
(less loss)
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(Thouaand
dollars)
Net profit
( Thousand
dollars)
Deprecia-
tion
(Thouaand
dollars)
SERVICES — Continued
Automotive Services
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50-,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Automobile repair shops, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Other automotive services, total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Repair Services, Except Automotive
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $5 I,
$50,000 under $100,000
$100,000 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
Receipts not reported
nal Servicer
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Medijal and Other Health Services
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
(2)
(3)
(4)
(5)
(8)
(9)
19,223
3,999
3,949
3,212
3,410
2,829
1,276
303
38
9
16,371
2,980
3,515
2,899
3,156
2,457
1,135
204
22
3
2,852
1,019
434
313
254
372
141
10,584
4,072
2,303
1,256
1,487
947
391
75
13
1
13,227
5,576
2,057
1,179
1,398
1,243
522
404
39
68
I 3 . 16]
787,286
392,443
122,112
34,776
16,676
709,810
347,055
128,737
19,843
59,517
79,013
130,965
196,024
174,530
87,845
26,382
13,167
664,266
14,190
36,693
46,219
67,211
92,982
69,063
42,710
15,215
8,160
287,443
4,849
14,959
19,686
24,328
29,952
19,187
6,537
1,260
679
108,691
1,251
2,898
2,907
3,835
4,531
•5,822
6,180
4,326
2,620
13,364
3,017
3,480
2,820
3,112
2,671
1,158
259
32
14,627
15,415
52,312
69,822
119,842
184,988
156,881
76,563
22,151
11,836
616,560
11,865
32,826
41,022
61,746
86,605
61,435
32,775
11,952
6,829
269,175
5,821
16,260
20,302
24,930
30,355
19,474
8,203
1,574
761
111,700
15,044
53,230
71,197
120,967
168,975
155,117
59,306
14,921
5,509
123,020
8,947
30,725
38,704
58,204
72,986
53, 573
19,740
3,814
750
105,000
3,330
14,514
18,192
22,716
27,206
16,918
4,675
920
220
13,421
469
1,538
1,514
2,842
3,003
2,715
1,048
208
27
21,412
2,311
3,202
2,605
2,877
2,359
1,056
194
11,841
48,372
64,467
110,453
162,449
143,314
56,461
13,694
5,509
93,250
7,727
28,888
35,667
53,348
70,131
51,499
17,661
3,504
750
77,880
4,096
15,060
18,646
23,201
27,322
17,120
5,090
945
220
17,037
4,799
6,287
7,816
9,998
27,049
19,413
28,539
11,461
7,658
291,841
5,243
5,968
7,515
9,007
19,996
15,490
22,970
11,401
7,410
155,361
1,519
445
1,494
1,612
2,746
2,269
1,862
340
459
63,534
782
1,360
1,393
993
1,528
3,107
5,132
4,118
2,593
6,975
706
278
215
235
312
102
65
12
8,873
3,574
3,940
5,355
9,389
22 , 539
13,567
20,102
8,457
6,327
266,940
4,138
3,938
5,355
8,398
16,474
9,936
15,114
8,448
6,079
145,617
1,725
1,200
1,656
1,729
3,033
2,354
3,113
629
541
65,501
17,354
34,550
31,084
58,144
64,622
52,574
23,905
8,357
1,251
619,913
10,866
22,102
19,809
34,191
33,775
21,380
10,294
2,809
135
502,566
3,874
11,187
9,259
14,492
12,549
7,341
3,470
1,346
17
56,475
799
935
1,019
1,522
1,374
776
422
121
46,599
2,966
2,049
1,158
1,429
830
352
75
13
8,146
13,907
31,218
28,569
55,987
56,498
47,248
23,905
8,357
1,251
481,084
9,172
20,626
18,353
33,086
31,171
19,971
10,294
2,809
135
386,613
4,688
11,461
9,404
14,733
12,812
7,570
3,470
1,346
17
88,387
22,467
29,568
28,829
53,590
84,598
74,869
117,676
60,944
123,569
23,803
19,244
24,256
24,895
43,594
71,060
61,543
90,856
51,658
101,608
13,850
1,789,631
ll,861
4,777
1,874
3,192
11,232
11,153
12,817
2,681
12,180
869
*2,439
979,287
3,796
2,685
3,478
6,987
8,098
8,530
8,119
2,923
1,204
475
304
33,262
3,030
1,431
789
966
942
457
339
56
57
3
17,294
14,494
20,537
19,598
37,157
64,225
64,658
97,318
38,925
105,677
18,495
12,442
16,856
16,602
29,153
55,440
52,122
72,871
33,568
84,949
12,610
5,415
7,033
5,533
8,324
14,506
11,632
15,443
4,191
13,149
2,167
994
984,430
1,638
1,123
1,038
2,375
5,853
4,431
1,496
195
48
5
159
7,375
17,736
26,790
96,653
433,596
611,326
415,566
129,689
75,117
51,876
7,089
15,829
24,550
91,822
417,753
595,024
402,099
121,650
70,581
43,234
706
6,019
11,160
46,095
251,156
361,429
204, 892
51,788
26,361
14,132
5,549
866
1,008
799
2,846
9,077
8,683
7,419
1,756
557
104
147
1,155
926
900
2,317
5,813
4,373
1,467
192
47
5
99
5,406
14,919
23,174
94,423
430,636
604,315
403,592
127,329
73,594
51,876
5,126
13,708
21,036
89,876
415,929
590,049
392,148
120,627
69,058
43,234
3,057
6,368
11,422
46,186
251,391
362,038
205,099
52,165
26,361
14,132
6,211
Footnote at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
61
ACTIVE PARTNERSHIPS
Table 13.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
BUSINESS RECEIPTS— Continued
Industry and size of business receipts
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
( Thousand
do liar a)
Gross
profit
{less loss)
(Thousand
dollars)
Net profit
(less loss)
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(Thousand
dollars)
Net profit
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
SERVICES — Continued
Legal Services
Total.
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Engineering and Architectural Services
Total
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Accounting. Auditing,
Total
and BgOJdteep_ing Gervi ■.■*::■
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
Other Services
Total .
Under $10,000
$10,000 under $20,000
$20,000 under $30,000
$30,000 under $50,000
$50,000 under $100,000
$100,000 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
Receipts not reported
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
19,950
1,756,893
978,787
21,358
18,847
1,707,953
981,121
2,013
2,095
2,079
4,185
5,063
2,549
1,165
271
128
6
396
6,058
1,257
646
670
842
823
891
554
155
76
7
8,076
1,459
844
574
1,387
2,143
1,022
384
69
26
11
157
2,970
1,217
352
260
352
371
216
79
12
7
NATURE OF BUSINESS NOT ALLOCABLE.
8,242
10,021
31,596
52,407
163,139
356,255
360,370
330,697
185,480
228,859
38,069
726,710
9,924
31,519
52,196
161,736
353,732
356,120
324,177
184,022
226,481
32,027
601,975
3,487
17,288
30,158
92,430
205,342
202,811
185,332
98,609
125,051
11,977
6,302
170, 581
361
791
918
2,513
4,555
4,067
3,613
1,976
2,065
273
226
7,450
1,564
1,957
2,001
4,029
4,965
2,529
1,160
269
127
6
240
8,377
29,530
50,473
156,591
350,232
358,392
329,584
184,135
227,510
38,069
690,305
8,299
29,453
50,262
155,188
347,709
354,142
323,064
182,677
225,132
32,027
576,303
4,691
17,448
30,235
92,749
205,564
202,811
185,399
98,609
125,051
11,977
6,587
174,624
5,245
9,286
16,735
33,465
56,299
133,637
166,306
107,715
141,285
56,737
760,751
4,941
8,605
15,848
31,683
50,199
126,065
146,568
82,292
100,778
34,996
748,052
981
3,875
5,863
13,907
19,980
42,559
44,207
17,750
16,190
5,244
25
280,303
138
114
286
296
952
1,437
1,917
995
943
370
10,023
844
509
571
783
745
871
549
148
68
7,718
3,492
7,620
14,478
31,139
51,076
131,632
164,049
102,636
127,446
56,737
751,064
3,432
6,982
13,918
29,503
47,122
124,060
145,872
80,537
89,881
34,996
738,390
1,642
4,007
6,062
14,224
20,607
42,572
44,308
18,423
17,415
5,244
120
281,517
5,601
11,750
14,849
56,137
151,886
138,696
103,774
43,994
45,866
188,198
129,460
5,561
11,721
14,676
55,419
151,496
133,549
99,785
42,538
45,109
188,198
113,194
3,067
6,002
8,956
28,658
62,472
46,922
34,699
14,659
15,913
55,940
3,015
39,170
260
355
340
1,418
2,975
1,927
1,009
371
275
1,077
16
1,302
806
555
1,368
2,104
1,001
379
69
26
11
97
5,342
11,268
14,457
55,410
149,162
135,685
101,682
43,994
45,866
188,198
114,025
5,327
11,239
14,284
54,692
148,772
130,538
97,693
42,538
45,109
188,198
104, 574
3,207
6,051
8,956
28,658
62,780
47, 349
34,839
14,659
15,913
55,940
3,165
40,670
4,911
4,993
6,602
13,985
23,999
32,472
20,003
7,778
14,717
4,810
4,803
5,882
11,461
22,017
28,353
18,394
6,137
11,337
1,410
2,181
2,944
4,748
9,608
7,864
4,374
2,504
3,373
141,298
101,829
41,947
388
152
261
155
466
370
192
68
141
904
294
260
293
351
177
74
12
4,255
4,163
6,602
11,449
22,969
26,497
18,708
7,778
11,604
4,214
3,973
5,882
9,343
21,552
23,888
18,248
6,137
11,337
2,044
2,208
2,944
4,778
9,655
8,508
4,385
2,504
3,373
3,680
5,775
122,584
93,328
48,353
(10)
20,944
240
755
881
2,438
4,486
4,067
3,596
1,958
2,051
273
199
65
105
261
284
883
1,437
1,906
956
825
370
9,856
242
346
337
1,408
2,962
1,862
969
371
275
1,077
1,922
228
261
114
462
364
181
68
141
1Net loss exceeds net profit.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
In Retail trade and Services the "other" categories include data of the industries not specified. See table 12 for a complete listing of industrial groups.
62
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE PARTNERSHIPS
Table 14 .—NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
NET PROFIT
Size of net profit
Returns with net profit, to
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000...
$200,000 under $500,000. .
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, to
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000...
$200,000 under $500,000. .
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, t<
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000...
$20,000 under $50,000...
$50,000 under $200,000..
$200,000 under $500,000.
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, to
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000....
$20,000 under $50,000
$50,000 under $200,000...
$200,000 under $500,000..
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, total.
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Total.
Returns with net profit, total.
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Number of
partnerships
Business
receipts
(Thousand
dollar*)
Gross profit
(Thousand
dollar*)
Net profit
or loss
(Thousand
dollar*)
Depreciation
(Thousand
dollar*)
All industries
940.560
739,428
193,785
154,830
156,817
128,015
76,155
27,484
1,831
511
201,132
72,771,424
64,874,786
3,378,212
5,608,098
9,368,029
13,674,582
15,797,132
12,203,741
2,435,872
2,409,120
7,896,638
29,384,351
26,472,475
1,411,812
2,249,642
3,571,140
5,051,789
6,034,291
5,275,035
1,214,513
1,664,253
2,911,876
8,360,373
9,373,289
168,648
522,796
1,140,340
1,788,922
2,296,566
2,320,640
530,507
604,870
'1,012,916
2,083,506
1,539,015
152,779
204,448
261,505
311,372
316,864
212,401
33,909
45,737
544,491
Mining
15,697
8,400
3,356
1,502
1,220
1,039
946
283
38
16
7,297
1,006,936
7a, 616
31,332
45,516
60,052
127,178
170,790
155,730
49,523
81,495
285,320
537,636
126,374
a42,816
16,720
2,321
25,699
5,121
39,805
8,871
68,038
15,191
102,031
28,198
83,393
26,666
29,404
11,824
46,172
16,156
1157,164
59,997
2,911
4,016
5,465
9,050
13,299
13,200
3,570
8,486
43,370
Manufacturing
7,372,219
6,567,029
213,258
358,942
583,924
1,079,440
1,709,748
1,970,358
489,618
161,741
805,190
2,325,149
2,126,517
75, 511
139,964
214,421
384,629
556,812
559,052
140,618
55,510
198,632
602,274
663,127
5,521
21,940
57,541
122,811
l'« i, 877
192,773
49,380
22,284
'60,853
167,129
138,509
6,986
9,527
17,528
26,334
36,574
32,182
6,304
3,074
28,620
Number of
partnerships
Business
receipts
(Thousand
dollar*)
Gross profit
(Thousand
dollars)
Net profit
or loss
(Thousand
dollar*)
Depreciation
(Thousand
dollar*)
Agriculture, forestry, and fisheries
136,306
103,876
32,090
29,350
22,169
13,420
5,734
1,077
32
4
32,430
4,352,068 3,156,486
3,538,597
318,550
593,831
693,085
791,026
719,540
372,363
28,966
21,236
813,471
2,628,148
253,940
465,406
533,960
597,054
496,148
247,245
19,858
14,537
528,338
554,540
728,594
31,396
97,969
158,054
182,992
165,256
81,336
8,402
3,189
1174,054
330,789
235,818
32,633
49,757
51,826
48,988
35,433
15,353
1,280
548
94,971
Construction
62,451 6,583,633 2,014,111
52,944
8,065
9,608
14,604
13,696
5,484
1,356
85
46
9,507
5,642,037
182,583
371,073
725,779
1,203,097
1,380,346
1,104,857
237,050
437,252
941,596
1,820,524
72,820
130,657
281,078
470,263
424,874
279,504
45,339
115,989
193,587
637,785
713,533
7,524
33,364
108,513
192,590
159,351
116,220
26,722
69,249
'75,748
168,022
136,189
5,451
9,716
19,597
28,173
27,584
27,343
3,965
14,360
31,833
Transportation, communication, water supply, and sanitary
services
13,786
3,530
3,422
3,019
2,255
1,262
256
31
11
3,852
1,000,332
887,812
78,104
95,170
152,846
169,148
220,646
109,441
30,223
32,234
112,520
801,984
718,301
61,661
77,552
126,069
143,466
178,224
88,771
23,219
19,339
83,683
128,926
144,877
3,380
11,755
21,594
30,750
37,104
21,116
8,830
10,348
'15,951
62,357
7,452
8,683
11,086
12, 116
14,834
6,024
1,724
438
13,803
Wholesale and retail trade
Total wholesale and retail trade
291,053
239,575
49,057
49,864
60,794
51,027
24,263
4,425
125
20
51,478
39,002,533
35,293,247
2,016,144
3,401,063
5,961,317
8,674,809
9,059,248
5,230,149
677,848
272,669
3,709,286
8,034,933
483,883
797,979
1,450,034
2,084,409
2,070,453
1,009,027
94,474
44,674
725,389
2,290,370
44,926
171,517
444,312
711, 812
705,543
333,112
33,051
13,946
'167,849
349,403
26,482
42,506
66,748
90,815
84,044
34,711
2,524
1,573
56,379
Wholesale trade
34,392
4,766
4,410
6,391
9,359
7,140
2,224
87
15
6,180
12,711,942
11,732,368
331,962
538,995
1,020,834
2,240,796
3,679,470
3,200,531
549,386
170, 394
979,574
2,098,464
1,964,686
65,363
88,607
184,175
406,031
637,360
497,693
60,298
25,159
133,778
586,753
627,562
3,865
15,096
47,688
135,225
218,143
174,866
22,683
9,994
'40,809
95,028
82,896
3,472
5,158
9,361
19,787
26,772
15,747
1,583
1,016
12,132
Wholesale and retail trade — Continued
Retail trade
Total retail trade
238,451
195,737
41,499
43,966
52,490
39,821
15,909
2,014
33
5
42,714
24,786,856
22,199,029
1,623,748
2,771,163
4,744,458
6,080,712
4,955,028
1,812,256
109,389
102,275
2,587,827
6,307,506
5,744,762
403,022
688,183
1,219,777
1,589,826
1,329,565
465,676
29,198
19,515
562,744
1,611,980
1,731,673
39,066
151,394
382,643
551,076
451,833
142,686
9,023
3,952
'119,693
292,453
250,913
22,466
35,967
54,759
66,909
52,416
17,062
777
557
41,540
Grocery stores, meat, fish, fruit, and vegetable markets
35,080
30,853
5,562
7,405
9,003
6,480
2,125
268
8
2
4,227
5,379,376
4,980,978
319,853
623,842
1,095,139
1,333,873
1,052,894
424,511
48,307
82,559
398,398
921,899
865,830
48,908
100,667
186,030
242,054
189,618
75,295
9,557
13,701
56,069
256,337
269,197
5,587
25,627
65,401
88,161
59,882
20,342
2,505
1,692
'12,860
47,848
43,508
3,101
6,154
9,928
11,609
8,630
3,273
359
454
4,340
Retail trade — Continued
General merchandise
14,048 1,374,262
11,774
2,451
2,850
3,226
2,062
983
198
2,274
,273,426
80,198
162,911
274,488
300,427
288,930
153,739
12,733
100,836
373,189
348,217
17,605
36,304
68,608
82,652
88,465
49,908
4,675
24,972
101,106
106,892
2,409
10,017
23,363
28,738
27,466
13,825
1,074
'5,786
21,086
19,231
1,358
2,177
3,151
5,363
4,919
2,193
70
1,855
Apparel and accessories
15,674
13,252
2,374
2,513
3,501
3,227
1,472
158
7
2,422
1,516,738
1,395,399
83,552
138,505
263,844
400,976
396,902
107,897
3,723
500,035
466,492
26,720
44,000
85,765
135,110
133,937
38,557
2,403
130,296
137,486
2,298
8,869
25,776
45,648
42,346
11,053
1,496
'7,190
14,794
13,237
913
1,197
2,408
3,536
4,226
925
32
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
63
ACTIVE PARTNERSHIPS
Table 14 .—NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
NET PROFIT— Continued
Size of net profit
Number of
partnerships
Business
receipts
(Thousand
dollars)
Gross profit
(Thousand
dollars)
Net profit
or loss
(Thousand
dollars)
Depreciation
( Thousand
dollars)
Number of
partnerships
Business
receipts
( Thousand
dollars)
Gross profit
(Thousand
dollars)
Net profit
or loss
( Thousand
dollara)
Depreciation
(Thousand
dollara)
Total
Returns with net profit, to
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000....
$20,000 under $50,000
$50,000 under $200,000...
$200,000 under $500,000..
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, tot
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
4200,000 under $500,000...
$500,000 or more
Returns without net profit,.
Total.
Returns with net profit, to
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000....
$50,000 under $200,000...
$200,000 under $500,000..
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, total.
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000. . .
$50,000 under $200,000..
$200,000 under $500,000.
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, to-
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000....
$50,000 under $200,000...
$200,000 under $500,000..
$500,000 or more
Returns without net profit.
Total
Returns with net profit, total.
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000....
$20,000 under $50,000
! 50, 000 under $200,000...
200,000 under $500,000.
500, 000 or more
Returns without net profit.
Wholesale and retail trade — Continued
Retail trade — Continued
Furniture, home furnishings, and equipment
11,833
2,185
2,07*
3,000
2,938
1,364
271
3,052
1,464,407
1,314,159
101,526
98,897
253,444
348,845
333,864
174,404
3,179
480,708
438,451
31,116
33,344
81,675
123,780
112,877
54,642
1,017
42,257
121,580
131,331
2,126
6,921
21,925
42,052
39,281
18,739
287
'9,751
17,720
15,532
1,640
1,673
3,410
3,892
3,528
1,375
14
2,188
Automotive dealers
14,736
10,654
2,123
2,136
2,700
2,458
1,056
179
2
4,082
3,705,525
3,018,474
225,412
338,600
536,109
829,357
720,293
363,906
4,797
687,051
525,114
4*2,673
32,495
49,849
80,503
121,854
105,175
51,720
1,077
82,441
88,388
107,024
1,957
7,274
20,072
34,622
29,854
12,749
496
'18,636
Retail trade — Continued
Gasoline services stations
30,554
25,283
5,756
6,373
7,568
4,755
794
37
5,271
2,455,588
2,197,777
227,445
419,180
685,646
644,715
189,870
30,921
257,811
554,317
503,128
46,539
89,102
152,824
161,814
46,099
6,750
158,485
168,841
5,166
21,731
55,237
63,856
20,304
2,547
'10,356
18,224
1,775
3,247
5,821
5,298
1,779
304
2,523
Retail trade — Continued
Other retail trade
66,065
53,983
10,889
10,577
12,810
12,327
6,652
718
7
3
12,082
5,947,561
378,441
619,331
1,070,665
1,704,334
1,673,165
452,675
29,234
19,716
587,023
1,844,473
1,700,871
103,645
167,752
308,780
483,816
493,7a
130,112
7,191
5,814
143,602
526,031
559,314
9,882
36,531
93,601
173,567
192,072
49,499
1,902
2,260
'33,283
84,851
73,006
5,723
9,301
14,165
20,603
18,352
4,550
209
103
11,845
Finance, insurance, and real estate
202,630 4,031,113
145,653
63,943
31,090
21,545
15,847
9,714
3,083
302
129
56,977
226,481
302,459
368,857
493,924
592,188
560,337
251,474
676,377
559,016
3,888,786
220,060
289,961
345,484
464,676
556,852
546,000
249,088
668,677
547,988
1,336,025
49,503
101,506
152,807
222,020
289,823
254,445
94,100
171,821
'244,230
294,783
49,708
53,961
47,039
50,215
46,415
31,002
5,748
10,695
178,994
Eating and drinking places
47,409
38,105
10,159
10,038
10,682
5,574
1,463
185
9,304
2,356,376
2,071,255
207,321
369,897
565,123
518,185
299,110
104,203
7,416
1,107,771
979,100
95,994
167,165
255,592
238,746
159,633
58,692
3,278
128,671
229,757
251,588
9,641
34,424
77,268
74,432
40,628
13,932
1,263
Wholesale and retail trade not allocable
9,446
2,792
1,488
1,913
1,847
1,214
187
5
2,584
1,503,735
1,361,850
60,434
90,905
196,025
353,301
424,750
217,362
19,073
141,885
354,352
325,485
15,498
21,189
46,082
88,552
103,528
45,658
4,978
28,867
91,637
98,984
1,995
5,027
13,981
25,511
35,567
15,558
1,345
'7,347
Total services
131,521
25,053
22,1*1
24,903
21,387
22,137
14,605
1,038
257
27,839
8,629,767
299,401
427,788
804,467
1,114,253
1,920,329
2,673,098
669,226
721,205
651,525
7,298,664
219,661
312,668
568,146
824,539
1,631,131
2,437,412
610,569
694,538
499,350
3,055,552
3,166,213
21,887
74,587
182,428
302,040
710,729
1,282,726
297,780
294,036
'110,661
Services — Continued
Lodging services
8,473
2,951
1,871
1,827
1,048
665
10
2
596,460
441,166
45,505
45,936
72,705
91,268
108,595
58,109
10,054
8,994
155,294
480,111
357,267
35,891
35,348
59,435
75,933
94,126
39,761
9,709
7,064
122,844
32,966
67,782
2,769
5,831
12,990
14,402
20,958
7,025
2,486
1,321
'34,816
81,281
46,063
6,069
6,633
8,280
8,633
10,433
4,842
696
477
35,218
Personal services
Total personal services
32,574 1,031,894
26,890
6,199
7,149
7,457
4,126
1,568
362
5,684
955,557
68,984
120,757
194,964
235,461
201,240
115,000
16,565
2,586
76,337
791,854
728,473
56,293
98,113
154,762
174,275
155,427
76,301
11,908
1,394
63,381
205,207
214,720
5,823
24,127
53,584
55,920
46,907
24,966
2,710
683
'9,513
Personal services — Continued
Laundries, laundry services, and cleaning and dyeing plants
12,853
9,373
2,364
2,665
2,384
1,413
486
56
3,480
477,718
428,874
34,773
59,284
91,262
107,074
81,237
41,042
11, 616
2,586
48,844
368,032
327,098
29,111
47,332
70,320
78,392
66,197
25,740
8,612
1,394
40,934
60,323
67,145
2,101
8,745
16,745
19,008
13,856
4,474
1,533
683
'6,822
35,177
25,764
3,771
5,418
5,234
5,008
4,031
1,972
253
77
9,413
Other personal services
19,721
17,517
3,835
4,484
5,073
2,713
1,102
306
2,204
554,176
526,683
34,211
61,473
103,702
128,387
120,003
73,958
4,949
27,493
423,822
401,375
27,182
50,781
84,442
95,883
89,230
50,561
3,296
22,447
147,575
3,722
15,382
36,839
36,912
33,051
20,492
1,177
19,871
16,134
1,544
1,952
2,692
4,187
3,857
1,890
12
3,737
65,536
52,041
6,412
10,266
13,184
12,421
7,125
2,552
81
18,301
15,594
544
1,381
2,628
4,119
4,856
1,902
164
354, l
259,168
20,764
25,802
41,902
45,393
57,777
52,209
8,784
6,537
95,632
59,298
48,327
5,442
7,971
8,716
10,567
9,937
5,162
455
77
10,971
24,121
22,563
1,671
2,553
3,482
5,559
5,906
3,190
202
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
64
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 14.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF
NET PROFIT— Continued
Size of net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000....
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more ;
Returns without net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
Total
Returns with net profit, total
Under $2,000
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000
$20,000 under $50,000
$50,000 under $200,000
$200,000 under $500,000
$500,000 or more
Returns without net profit
'Net loss.
2Net loss exceeds net profit.
NOTE: See text for explanatory statements and
Number of
partnerships
Business
receipts
(Thailand
dollar*)
Gross profit
(Thousand
dollar*)
Net profit
or loss
(Thouiand
dollar*)
Depreciation
(Thou**nd
dollar a)
Number of
partnerships
Business
receipts
(Thou *and
dollar*)
Gross profit
(Thoutsnd
dollar*)
Net profit
or loss
(Thou**nd
dollar*)
Depreciation
( Thousand
doll*r*)
Services — Continued
Business services
14,271
11,052
3,065
2,231
1,981
2,023
1,366
353
25
714,340
657,659
26,595
42,241
72,644
106,522
179,882
157,775
41,284
30,716
56,681
445,628
21,976
28,305
56,112
76,726
119,983
93,341
21,148
28,037
45,035
138,724
2,637
7,353
14,358
28,080
39,881
29,745
6,979
9,691
111,594
51,568
36,692
2,339
3,019
5,910
7,469
6,000
10, 575
703
677
14,876
Automotive services
Total automotive services
16,676
3,504
3,545
5,248
3,271
1,046
60
2
787,286
709,810
58,932
86,743
189,257
207,041
138,054
27,775
2,008
392,606
347,055
28,111
41,373
91,584
96,806
71,179
15,994
2,008
45,551
122,112
128,737
2,864
12,294
38,193
42,918
26,838
5,039
591
Automotive services — Continued
Automobile repair shops
16,371
14,627
2,931
2,931
4,848
2,981
907
29
664,266
616,560
47,911
74,379
177,689
187,930
113,917
14,734
287,606
269,175
19,520
32,357
80,016
82,745
49,693
4,844
18,431
111,700
2,372
10,325
35,450
38,813
22,776
1,964
'3,009
13,364
12,145
947
1,747
3,759
3,393
2,079
220
RepBir services, except automotive
10,584
8,873
2,555
1,970
2,062
1,755
472
59
1,711
291,841
266,940
21,362
36,063
56,879
79,899
52,166
20,571
24, 901
155,395
145,617
9,778
63,534
65,501
9,938
1,923
22,285
6,576
31,166
15,676
45,440
23,693
26,944
13,307
9,844
4,326
'1,967
6,975
6,206
759
1,174
1,480
1,528
918
347
Medical and other health services
17,294
909
1,106
1,031
1,877
4,828
7,106
397
40
1,067
17,152
30,905
37,489
87,182
340,491
1,027,335
188,200
100,510
36,480
1,789,631
1,760,791
1/4,425
29,109
33,371
73,649
321,313
1,008,948
186,763
93,213
28,840
979,287
984,430
761
3,887
7,878
28,418
170,647
626,310
106,173
40,356
'5,143
33,262
31,356
552
1,264
1,705
2,805
8,209
14,286
2,109
426
1,906
Engineering and architectural services
6,058
5,117
652
479
663
1,012
1,309
929
62
11
941
726,710
690,305
8,403
9,089
43,279
43,668
147,763
298,575
92,456
47,072
36,405
601,975
576,303
8,306
7,186
20,769
38,717
139,285
259,293
66,242
36,505
25,672
170,581
174,624
543
1,568
4,849
15,132
42,618
81,588
19,409
8,917
'4,043
7,092
72
177
360
656
1,712
3,118
632
365
358
Other services
668
430
359
303
566
99
8
2
535
129,460
114,025
6,426
5,275
7,056
10,336
49,729
22,117
6,899
6,187
15,435
113,195
104,574
4,993
5,240
5,856
9,687
45,119
20,593
6,899
6,187
8,621
39,170
40,670
532
1,413
2,587
4,524
17,794
8,751
2,630
2,439
'1,500
1.922
255
302
187
148
740
129
61
100
Other automotive services
2,852
2,049
573
614
400
290
139
31
2
123,020
93,250
11,021
12,364
11,568
19,111
24,137
13,041
2,008
29,770
105,000
77,880
8,591
9,016
11,568
14,061
21,486
11,150
2,008
17,037
492
1,969
2,743
4,105
4,062
3,075
591
'3,616
Recreational services
8,146
2,862
1,716
1,507
1,163
665
202
23
5,081
619,913
481,084
30,588
30,639
67,544
78, 591
110,202
97,083
33,997
32,440
138,829
502,567
386,613
24,666
25,624
54,623
63,301
80,167
79,164
29,334
29,734
115,954
56,475
88,387
2,550
5,819
11,155
15,696
20,579
18,677
6,737
7,174
'31,912
Legal services
19,950
18,847
920
939
1,723
3,396
6,827
4,426
456
160
1,103
1,756,893
1,732,893
11,369
11,502
28,107
110,442
387,126
670,128
239,940
274,279
24,000
1,731,934
1,707,953
10,992
11,447
27,986
108,257
374,808
660,857
239,475
274,131
23,981
978,787
981,121
926
3,241
13,421
51,590
220,414
399,889
136,458
155,182
'2,334
Accounting, auditing, and bookkeeping services
8,076
7,718
768
705
1,045
1,413
2,785
930
47
25
358
760,751
751,064
4,085
8,638
34,543
63,843
205,081
178,630
37,823
218,421
9,687
748,083
738, 390
4,070
8,638
32,482
61,748
202,780
173,316
37,083
218,273
9,693
280,303
281,517
559
2,478
7,737
21,667
90,786
76,410
13,607
68,273
214
Nature of business not allocable
8,242
5,775
2,296
1,512
832
633
354
144
1
3
122,584
12,359
12,256
17,702
21,707
24,297
27,408
1,944
4,911
18,714
101,863
93,328
7,556
9,756
12,143
14,715
17,766
24,631
1,944
4,817
8,535
46,353
2,190
5,037
6,220
8,716
9,685
12,246
418
3,841
'6,406
Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
65
ACTIVE PARTNERSHIPS
Table 15 . —PARTNERSHIPS WITH EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS, AND DEPRECIATION, BY
SELECTED INDUSTRIES
Selected industries
Total
number of
partner-
ships
with and
without
employees
Partnerships with and without net profit
Number of
partner-
ships
Partnerships with employees
Reporting patterns
Business receipts
Amount
(Thousand
dollars)
Gross profit
Amount
( Thousand
dol tars)
Net profit
Amount
( Thousand
dollars)
Amount
(Thousand
dollars)
Depreciation
Amount
(Thousand
dollars)
(i)
(2)
(3)
(4)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
Industries , total
Agriculture, forestry, and fisheries.
Farms
Other agriculture, forestry, and fisheries.
Mining
Crude petroleum and natural gas . . .
Other mining, including quarrying.
Construction.
General contractors -
Special trade contractors.
Other construction
Manufacturing
Food and kindred products, including beverages..
Apparel and other finished products made from
fabrics and similar materials
Lumber and wood products, except furniture
Printing, publishing, and allied industries
Machinery, except electrical and transportation
equipment
Other manufacturing
Transportation, communication, water supply, and
sanitary services
Motor freight transportation and warehousing
Other transportation, communication, water supply,
and sanitary services
Wholesale and retail trade.
Wholesale trade
Groceries and related products .
Other wholesale trade
Retail trade.
Grocery stores, meat, fish, fruit, and vegetable
markets
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Gasoline service stations...
Eating and drinking places . .
Building materials
Hardware and farm equipment .
Drug and proprietary stores .
Other retail trade
Wholesale and retail trade not allocable .
Finance , insurance , and real estate
dealers, exchanges,
Security and commodity brokers,
and services
Insurance agents, brokers, and services
Real estate operators {except developers) and
lessors
Real estate agents, brokers, and managers
Other finance, insurance, and real estate
Lodging services
Personal services
Laundries, laundry services, and cleaning and
dyeing plants
Beauty and barber shops , including schools ....
Other personal services
Business services
Automotive services
Automobile repair shops ■
Other automotive services
Repair services, except automotive
Recreational services
Medical and other health services
Offices of physicians, surgeons, and oculists.
Other medical and health services
Legal services
Engineering and architectural services
Accounting, auditing, and bookkeeping services..
Other services
940, 560
7,868,875
109,293
752,133
1,656,942
Nature of business not allocable .
136,306
126,189
10,117
10,842
4,855
17,795
40,856
3,800
47,183
6,992
4,082
8,409
6,538
4,384
16,778
17,638
12,055
291,053
40,572
7,083
33,489
35,080
14,048
15,674
14,885
14,736
30,554
47,409
5,716
10,516
8,660
41,173
12,030
2,959
12,608
132,231
4,198
50,634
159,360
14,066
32,574
12,853
12,190
7,531
14,271
19,223
16,371
2,852
10,584
13,227
18,361
10,667
7,692
19,950
6,058
8,076
2,970
8,242
82,454
7,627
7,399
3,531
14,766
32,553
2,829
41,217
6,488
3,895
7,128
5,391
3,796
14,519
12,020
8,429
230,726
30,043
5,968
24,075
26,361
10,980
13,213
12,584
12,150
25,367
39,992
4,884
8,713
8,179
30,649
7,611
42,554
1,234
8,543
23,047
2,311
7,419
116,387
9,932
22,966
9,331
8,051
5,584
8,578
13,374
11,847
1,527
6,834
8,409
16,315
9,536
6,779
17,241
4,644
6,225
1,869
3,033
89,322
81,715
7,607
10,572
7,100
3,472
14,726
32,474
2,829
41,139
6,488
3,895
7,128
5,391
3,796
14,441
11,942
8,409
230,552
29,908
5,949
23,959
26,361
10,980
13,213
12,564
12,150
25,367
39,992
4,865
8,713
8,179
30,649
7,611
1,233
8,543
22,968
2,311
7,281
115,381
9,684
22,887
9,311
7,992
5,584
8,519
13,334
11,847
1,487
6,815
8,309
16,216
9,456
6,760
17,020
4,624
6,128
1,845
2,955
3,189,785
666,640
946,227
558,674
387,553
3,538,837
2,448,519
137,601
7,234,256
1,998,544
963,362
764,544
491,762
442,344
2,573,700
918,475
638,726
279,749
36,642,375
12,003,604
3,194,205
8,809,399
23,230,795
4,933,890
1,283,512
1,449,973
1,412,846
3,576,142
2,246,930
2,203,940
881,483
1,224,105
1,117,732
2,900,242
1,407,976
2,712,686
936,230
543,632
825,661
122,143
285,020
560,181
934,939
439,114
163,938
331,887
633,659
691,053
588,596
102,457
257,175
536,397
1,800,775
1,112,198
688,577
1,696,190
681,265
729,665
113,836
106,201
81,133
7,558
6,440
3,413
14,406
32,259
2,751
40,441
6,427
3,856
6,986
5,333
3,718
14,121
11,922
8,390
228,332
29,562
5,924
23,638
191,257
26,145
10,892
13,116
12,426
11,885
25,111
39,817
4,864
8,655
8,140
30,206
7,513
42,302
1,233
8,543
22,960
2,311
7,255
115,105
9,665
22,887
9,311
7,992
5,584
8,420
13,256
11,769
1,487
6,794
8,289
16,216
9,456
6,760
17,020
4,605
6,128
1,825
2,897
2,492,392
298,720
284,324
214,626
842,999
962,545
50,176
2,264,722
511,258
237,340
253,263
241,006
181,540
840,315
733,707
525,546
208,161
8,219,970
1,955,040
436,840
1,518,200
5,934,465
846,846
350,924
478,102
463,937
503,078
510,037
1,045,640
228,502
268,358
366,915
872,126
330,465
2,598,380
935,597
467,296
817,226
111,059
267,202
7,257,189
450,995
707,222
333,175
144,384
229,663
420,505
334,264
247,981
86,283
131,421
425,369
1,726,673
1,096,627
630,046
1,673,254
567,298
718,062
102,126
76,017
62,494
5,828
3,913
2,527
42,640
12,036
28,344
2,260
34,020
5,460
3,394
5,686
4,605
3,246
11,629
9,644
6,848
2,796
192,512
26,092
5,209
20,883
160,008
23,342
9,503
11,402
10,343
8,999
20,906
31,946
3,958
7,058
7,252
25,299
6,412
32,764
1,001
7,969
15,795
1,950
6,049
99,105
6,150
19,329
7,227
6,990
5,112
7,144
11,631
10,496
1,135
5,888
5,491
15,467
9,331
6,136
16,489
4,059
5,984
1,473
2,356
566,223
495,794
70,429
64,633
39,813
615,893
260,080
336,662
19,151
638,362
112,022
66,859
58,244
79,536
65,697
256,004
123,624
75,176
2,194,024
549,870
111,413
438,457
1,558,022
231,905
94,572
127,888
123,895
97,973
147,379
225,923
60,928
73,213
117,054
257,292
86,132
687,445
192,671
176,866
155,253
38,281
124,374
61,188
180,287
59,306
43,320
77,661
110,677
102,007
89,804
12,203
52,198
70,395
935,544
674,451
261,093
943,865
156,500
260,826
34,760
30,611
21,759
19,960
1,799
3,486
1,004
2,730
4,209
569
7,197
1,028
501
1,442
786
550
2,890
2,376
1,581
38,214
3,951
759
3,192
3,019
1,477
1,811
2,241
3,151
4,461
8,046
926
1,655
927
5,350
1,199
9,790
233
574
7,252
361
1,370
3,782
3,637
2,104
1,061
472
1,434
1,743
1,351
392
946
2,918
848
205
643
752
585
241
396
139,273
9,273
113,702
106,299
7,403
65,109
43,829
18,980
2,300
56,599
7,626
4,079
15,900
7,004
3,724
18,266
10,026
6,678
3,348
146,156
33,733
5,205
28,528
11,341
5,025
6,652
8,865
16,856
9,194
20,071
4,435
5,601
3,831
15,095
5,457
18,758
1,990
86,693
1,555
15,481
29,995
6,464
4,267
1,357
840
5,776
5,355
2,540
2,815
1,416
22,845
4,923
913
4,010
1,935
3,637
1,150
1,347
2,675
75,421
6,815
6,381
2,838
11,716
27,371
2,109
37,489
6,109
3,445
6,431
4,915
3,476
13,113
11,156
7,966
3,190
203,143
26,029
5,329
20,700
23,867
9,451
11,979
11,322
10,118
22,530
34,769
4,543
8,092
7,478
26,714
6,251
867
6,777
21,870
1,784
5,040
9,353
21,183
8,994
7,198
4,991
6,965
11,610
10,378
1,232
6,070
6,778
14,453
8,403
6,050
13,628
3,748
5,841
1,448
1,592
295,462
268,420
27,042
64,585
31,257
96,481
56,095
4,067
162,174
39,723
6,605
32,101
15,052
54,174
66,446
50,962
15,484
378,043
89,169
17,877
71,292
43,373
19,514
14,223
16,659
18,764
19,090
61,372
10,908
12,440
12,284
42,964
17,283
8,947
7,104
182,503
3,345
9,514
74,125
48,899
27,125
4,705
17,069
22,710
26,597
11,436
15,161
5,923
39,135
32,169
16,408
15,761
20,459
7,281
9,358
1,873
2,390
See text for explanatory statements and "Description of the Sample and Limitations of the Data.
66
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 16. —PARTNERSHIPS WITHOUT EMPLOYEES: REPORTING PATTERNS OF BUSINESS RECEIPTS , GROSS PROFIT, NET PROFIT, NET LOSS, AND DEPRECIATION
BY SELECTED INDUSTRIES
Selected industries
Total
number of
partner-
ships
with and
without
employees
Partnerships with and without net profit
Number of
partner-
ships
Partnerships without employees
Reporting patterns
Business receipts
Amount
(Thousand
dollars)
Gross profit
(Thousand
dollar*)
Amount
(Thousand
dollar,)
Amount
{Thousand
dollar,)
Depreciation
Amount
( Thousand
do liar a)
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
Industries, total.
Agriculture, forestry, and fisheries.
Farms
Other agriculture, forestry, and fisheries.
Mining.
Crude petroleum and natural gas.
Other mining, including quarrying.
Construction
General contractors
Special trade contractors.
Other construction.
Manufacturing
Food and kindred products, including beverages.
Apparel and other finished products made from
fabrics and similar materials
Lumber and wood products, except furniture
Printing, publishing, and allied industries
Machinery, except electrical, and transportation
equipment
Other manufacturing
Transportation, communication, water supply,
sanitary services
and
Motor freight transportation and warehousing
Other transportation, communication, water supply
and sanitary services
Wholesale and retail trade.
Wholesale trade
Groceries and related products.
Other wholesalers
Retail trade.
Grocery stores, meat, fish, fruit, and vegetables
markets
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers
Gasoline service stations...
Eating and drinking places..
Building materials
Hardware and farm equipment.
Drug and proprietary stores.
Other retail trade
Wholesale and retail trade not allocable.
Finance, insurance, and real estate.
Security and commodity brokers, dealers, exchanges,
and services
Insurance agents, brokers, and services
Heal estate operators (except developers) and
lessors
Real estate agents, brokers, and managers
Other finance, insurance, and real estate
Lodging services
Personal services
Laundries, laundry services, and cleaning and
dyeing plants
Beauty and barber shops, including schools....
Other personal services
. -es
Automotive services
Automobile repair shops
Other automotive services
Repair services, except automotive,
ional services
Medical and other health services
Offices of physicians, surgeons, and oculists.
Other medical and health services
Legal services
Engineering and architectural services
Accounting, auditing, and bookkeeping services..
»rviee8
940,560
Nature of business not allocable.
136,306
126,189
10,117
15,697
10,842
4,855
62,451
17,795
40,856
3,800
47,183
6,992
4,082
8,409
6,538
4,384
16,778
17,638
12,055
291,053
40,572
7,083
33,489
238,451
35,080
14,048
15,674
14,885
14,736
30,554
47,409
5,716
10,516
8,660
41,173
12,030
202,630
2,959
12,608
132,231
4,198
50,634
159,360
U,066
32,574
12,853
12,100
7,531
14,271
19,223
16,371
2,852
10,584
13,227
18,361
10,669
7,692
19,950
6,058
8,076
2,970
8,242
343,464
318,796
5,594,687
313,599
1,504,414
91,639
260,783
221,657
46,225
43,735
2,490
4,767
3,443
1,324
12,303
3,029
8,303
971
5,966
504
187
1,281
1,147
588
2,259
5,618
3,626
60,327
10,529
1,115
9,414
45,379
8,719
3,068
2,461
2,301
2,586
5,187
7,417
832
1,803
481
10,524
4,419
1.60,076
1,725
4,065
109,184
1,887
43,215
4,134
9,608
3,522
4,139
1,947
5,693
5,849
4,524
1,325
3,750
4,818
2,046
1,133
913
2,709
1,414
1,851
1,101
5,209
40,072
37,843
2,229
2,978
2,201
777
2,606
8,061
890
5,098
385
167
1,065
1,088
549
1,844
5,365
3,470
1,895
58,625
9,956
1,094
8,862
8,639
3,008
2,460
2,126
2,467
5,069
7,161
793
1,764
462
10,403
4,297
1,359
4,006
107,410
1,867
36,444
3,643
9,390
3,385
4,078
1,927
5,023
5,691
4,524
1,167
3,731
4,231
1,986
1,093
893
2,533
1,297
1,791
1,021
3,678
495,643
442,462
53,181
60,709
37,509
23,200
263,956
170,428
24,292
137,963
17,600
17,270
29,865
15,776
7,690
49,762
81,857
56,246
25,611
2,360,158
708,338
135,600
572, 738
1,556,061
445,486
90,950
66,765
51,561
129,383
208,658
152,436
37,035
73,007
23,065
277,715
95,759
39,943
51,943
920,367
29,894
276,325
646,157
36,279
96,955
38,604
28,786
29,565
80,681
96,233
75,670
20,563
34,666
83,516
64,969
45,750
19,219
60,703
45,445
31,086
15,624
35,097
39,754
37,586
2,168
2,841
2,084
757
11,422
2,552
7,980
890
4,902
385
167
1,045
1,049
529
1,727
5,363
3,469
1,894
56,763
9,622
1,094
8,528
43,060
8,522
2,891
2,402
2,087
2,252
4,893
7,121
752
1,725
423
9,992
4,081
1,332
4,006
107,265
1,867
34,395
40,052
3,620
9,370
3,365
4,078
1,927
4,964
5,631
4,484
1,147
3,632
4,209
1,965
1,092
893
2,533
1,296
1,790
1,022
3,637
365,374
337,988
27,386
38,686
27,231
11,455
61,450
86,992
9,949
60,427
5,635
4,570
13,887
9,841
5,045
21,449
68,277
47,164
21,113
143,424
16,903
126,521
373,041
75,053
22,265
21,933
16,771
22,036
44,280
62,131
10,645
18,126
6,866
72,915
23,887
1,290,406
39,943
43,594
918,600
25,455
262,814
540,825
29,116
84,632
34,857
27,545
22,230
70,158
58,342
39,625
18,717
23,974
77,198
62,958
45,393
17, 565
58,680
34,706
29,990
11,069
25,846
33,886
1,668
1,960
1,371
589
10,304
2,265
7,266
773
3,878
383
187
841
411
1,281
4,142
2,681
1,461
47,063
8,300
855
7,445
35,729
7,511
2,271
1,850
1,490
1,655
4,377
6,159
615
1,469
364
7,968
3,034
112,889
1,170
3,667
77,468
1,613
28,971
32,416
2,323
7,561
2,146
3,782
1,633
3,908
5,045
4,131
914
2,985
2,655
1,827
1,033
794
2,356
1,058
1,734
962
3,419
162,371
150,764
11,607
6,159
3,743
97,640
40,514
49,466
7,660
24,765
2,098
2,649
3,939
5,269
2,829
7,981
21,253
14,593
6,660
264,195
77,692
7,222
70,470
37,292
12,320
9,598
7,436
9,051
21,462
25,665
4,531
7,877
3,861
34,556
12, 852
648, 580
29,602
23,126
354,626
13,507
227,719
6,594
34,433
7,839
17,543
9,051
28,047
26, 730
21,896
4,834
13,303
17,992
48,886
38,049
10, 837
37,256
18,124
20, 691
5,910
17, 742
10,671
9,849
2,072
735
1,999
764
1,037
198
2,088
t1)
440
372
177
978
1,476
945
531
13,264
2,229
260
1,969
9,650
1,208
797
611
811
931
810
1,258
217
334
(l)
2,556
1,385
47,187
555
398
31,716
274
14,244
1,811
2,047
1,376
357
314
1,785
804
393
411
765
2,163
219
(>)
119
351
356
(')
139
1,790
23,392
2,116
40,417
3,045
10,639
9,429
1,095
115
4,254
(')
1,174
776
191
1,877
5,925
1,305
4,620
21,693
7,076
895
6,161
12,727
1,519
761
536
886
1,780
1,162
1,760
376
539
f1)
3,276
1,890
119,753
1,200
534
73,678
75
44,266
4,821
3,049
2,555
269
225
5,818
1,270
469
801
551
9,067
220
I1)
104
399
406
(')
153
3,731
26,448
24,770
1,678
3,026
2,194
832
7,690
1,637
5,481
572
(')
908
672
489.
1,418
4,422
3,037
39,787
5,520
862
4,658
6,686
2,158
1,727
1,629
1,444
3,611
5,562
673
1,316
305
7,247
1,909
105,961
t1)
1,511
95,723
1,007
7,627
28,972
3,570
7,033
2,895
2,808
1,330
3,522
4,420
3,467
953
2,558
3,193
1,125
473
652
1,275
602
1,102
572
1,436
1No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are Included in the totals.
NOTE: See text for explanatory statements and "Description. of the Sample and Limitations of the Data."
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
67
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES
ndustry
All
Agriculture
forestry, and fisheries
Mining
Construction
Total
Other
Crude
petroleum
and
natural gas
industries
agriculture,
forestry,
and
fisheries
Farms
agriculture,
forestry,
and
fisheries
Total
mining
Other
mining
Total
construc-
tion
General
contractors
Special
trade
contractors
Other
construc-
tion
in
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
940,560
136,306
126,189
10,117
15,697
10,842
4,855
62,451
17,795
40,856
3,800
2,675,897
335,006
310,925
24,081
99,360
84,457
14,903
140,039
41,739
89,904
8,396
(Thousand dollars)
74,307,629
4,454,405
3,725,295
729,110
1,048,288
633,165
415,123
6,663,365
3,863,179
2,636,968
163,218
72,771,424
4,352,068
3,632,247
". V'.'i
1,006,936
596,183
410,753
6,583,633
3,802,793
2,618,947
161,893
62,958
5,511
4,866
645
452
439
13
14,918
13,918
647
353
7,646
775
603
172
88
73
15
27
19
8
_
327,904
11,065
10,048
1,017
3,600
3,264
336
5,151
3,194
1,703
254
375,428
22,341
20,776
1,565
2,952
2,222
730
14,704
10,357
4,260
87
52,498
8,767
8,743
24
9,802
9,681
121
66
43
23
_
22,992
10,058
9,572
486
245
194
51
1,782
1,476
230
76
31,999
6,402
6,254
148
1,088
1,037
51
1,837
1,420
381
36
654,780
37,418
32,186
5,232
23,125
20,072
3,053
41,247
29,959
10,769
519
65,947,256
3,899,865
3,241,402
658,463
1,091,104
709,089
382,015
6,025,580
3,615,843
2,270,915
138,822
43,441,533
1,198,314
804,227
394,087
487,424
302,831
185,093
4,587,492
2,913,586
1 , 571 , 985
101,921
6,768,153
457,105
398,668
58,437
57,618
22 , 519
35,099
398,903
154,504
235,987
8,412
1,025,447
37,587
28,311
9,276
17,921
12,567
5,354
92,573
37,056
50,803
4,714
1,270,918
109,364
103,817
5,547
8,310
4,357
3,953
28,341
11,683
15,508
1,150
830,816
91,483
85,225
6,258
16,221
12,068
4,153
29,084
18,348
10,007
729
1,337,104
110,552
103,950
6,602
26,071
17,800
8,271
85,583
41.727
41,992
1,864
15,596
2,919
2,467
452
140
75
65
558
381
64
113
142,259
2,826
934
1,892
3,356
2,915
441
8,310
1,927
6,288
95
641,245
156,577
140,810
15,767
21,304
8,384
12,920
58,095
34,526
21,485
2,084
2,083,506
330,789
301,786
29,003
103,367
69,359
34,008
168,022
100,881
62,491
4,650
61,744
3,332
644
2,688
2,085
777
1,308
3,890
3,266
616
8
13,760
1,114
894
220
1,012
891
121
810
348
430
32
17 , 294
2,775
2,481
294
2,365
2,359
6
2,418
2,113
133
172
24,753
2,803
2,617
186
3,179
2,591
588
3,457
3,342
114
1
8,273,128
1,392,325
1,264,571
127,754
340,231
249,596
90,635
558,044
292,155
253,012
12,877
29,329,891
3,153,754
2,828,020
325,734
519,012
293,352
225,660
1,996.141
889,207
1,046,962
59,972
8,360,373
554,540
483,893
70,647
142,816
x75,924
33,108
637,785
247,336
366,053
24,396
17,473
892
721
171
412
407
5
101
46
112
2 57
627,184
90,628
84,619
6,009
33,888
31,604
2,284
9,598
7,876
1,472
250
194,887
46,741
43,887
2,854
10,906
7,829
3,077
3,173
1.731
906
536
69,253
2,194
2,145
49
555
518
37
390
295
92
3
5,089,405
298,961
264,769
34,192
9,806
964
8,842
278,425
157,189
111,604
9,632
5,111,553
273,427
243,824
29,603
8,748
1,205
7,543
237,369
122,094
106,150
9,125
739,428
103,876
96,380
7,496
8,400
5,284
3,116
52,944
14,301
35,608
3,035
2,043,402
254,272
236,859
17,413
53,184
44,515
8,669
117,899
33,200
78,090
6,609
(Thou sand dollars)
66,193,449
3,617,140
3.014,924
602,216
743,074
391,491
351 , 583
5,712,514
3,202,274
2,367,124
143,116
64,874,786
3,538,597
2,943,376
595,221
721,616
373,399
348,217
5,642,037
3,149,102
2,351,077
141,858
58,500
3,878
3,239
639
289
276
13
14,419
13,422
644
353
6,395
621
449
172
64
49
15
25
17
8
_
295,792
8,388
7,569
819
1,428
1,173
255
4,135
2,218
1,664
253
298,923
17,562
16,455
1,107
1,367
797
570
12,718
8,766
3,866
86
43,882
7.509
7,485
24
6,437
6,356
81
56
34
22
_
20,732
9,921
9,435
486
245
194
51
1,507
1,201
230
76
28,998
6,134
6,000
134
727
676
51
1,504
1,249
255
_
565,441
24,530
20,916
3,614
10,901
8,571
2,330
36,113
26,265
9,358
490
56,820,160
2,888,546
2,368,366
520,180
628,726
320,699
308,027
4,998,981
2,901,680
1,980.996
116,305
38,402,311
910,449
586,671
323,778
310,354
157,464
152,890
3,821,513
2,348,530
1,384,432
88,551
5,957,362
333,330
285,005
48,325
40,479
11,319
29,160
344,024
129,146
208,951
5,927
739,858
23,255
17,286
5,969
7,786
4,606
3,180
59,003
25,054
31,629
2,320
1,087,197
81,116
76,924
4,192
4,569
1,648
2,921
22,556
9,392
12,229
935
530,533
55,069
50,842
4,227
6,366
3,471
2,895
20,423
11,800
7,965
658
1,101,520
84,317
79,056
5,261
16,787
10,235
6,552
71,118
32,689
36,895
1,534
6,386
903
797
106
130
68
62
208
159
44
5
113,808
2,292
754
1,538
767
376
391
7,193
1,609
5,516
68
503,390
117,649
105,748
11,901
14,304
4,047
10,257
47,828
27,605
18,287
1,936
1,539,015
235,818
214,778
21,040
59,997
34,163
25,834
136,189
80,678
51,774
3,737
42,589
1,583
498
1,085
584
307
277
2,744
2,210
531
3
8,987
305
153
152
110
109
1
535
288
215
32
5,387
547
253
294
231
225
6
919
662
114
143
6,079
1,114
957
157
236
226
10
316
273
42
1
6,775,738
1,040,799
948,644
92,155
166,026
92.4 35
73,591
464,412
231,585
222,372
10,455
26,472,475
2,628,148
2,356,705
271,443
411,262
215,935
195,327
1,820,524
800,572
966,645
53,307
9,373,289
728,594
646,558
82,036
114,348
70,792
43,556
713,533
300 , 594
386,128
26,811
9,695
972
912
60
54
50
4
107
a
156
3 57
334,887
48,095
45,613
2,482
5,159
3,287
1,872
4,988
3,427
1,285
276
109,545
28,412
26,716
1,696
5,496
3,626
1,870
5,031
2,231
2,308
492
33,997
814
765
49
299
285
14
342
249
91
2
4,353,387
219,628
192,548
27,080
8,498
810
7,688
238,053
132,457
96,294
9,302
4,421,620
208,134
186,219
21,915
7,317
1,106
6,211
197,223
94,371
93,820
9,032
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships
Number of partners
Total receipts ,
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets
Other income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than canital assets
Other deductions
Additional items:
Gross profit (less loss)
Net profit ( less loss )
Net short-term capital gain {less loss)..
Net long-term capital gain (less loss) —
Net gain under section 1231 (less loss)..
Qualifying dividends
Inventory, beginning-of-year
Inventory , end-of-year
PARTNERSHIPS WITH NET PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets
Other income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc....
Net loss, sales other than capital assets
Other deductions
Additional items:
Gross profit
Net profit
Net short-term capital gain (less loss)...
Net long-term capital gain (less loss)...
Net gain under section 1231 (less loss)..
Qualifying dividends
Inventory, beginning-of-year
Inventory, end-of-year
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
68
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES— Continued
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets..
Other income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets..
Other deudctions
Additional items:
Gross profit (less loss)
Net profit (less loss)
Net short-term capital gain (less loss)....
Net long-term capital gain (less loss)
Net gain under section 1231 (less loss)....
Qualifying dividends
Inventory, beg inn ing-of -year
Inventory, end-of-year
PARTNERSHIPS WITH NET PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets..
Other income
Total deductions
Cost of goods sold
Salaries: and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets..
Other deductions
Additional items:
Gross profit
Net profit
Net short-term capital gain (less loss)....
Net long-term capital gain (less loss)
Net gain under section 1231 (less loss)....
Qualifying dividends
Inventory, beginning-of-year
Inventory, end-of-year
Industry — Continued
Manufacturing
Total
manufactur-
ing
(12)
47,183
116,102
Food and
kindred
products,
including
beverages
(13)
6,992
18,283
Apparel
and other
finished
products
made from
fabrics and
similar
materials
(14)
4,082
10,639
Lumber and
wood
products,
except
furniture
(15)
8,409
19,824
Printing,
publishing,
and allied
industries
(16)
6,538
15,829
Machinery,
except
electrical
and trans-
portation
equipment
(17)
4,384
10,157
Other
manufactur-
ing
(18)
16,778
41,370
Transportation, communication, water
supply, and sanitary services
Total
transporta
tion»
communication,
water supply,
and sanitary
services
(19)
17,638
40,593
Motor
freight
transporta-
tion and
warehous ing
(20)
(Thousand dollars)
7,424,192
7,372,219
1,617
88
5,906
12,033
1,756
892
1,114
28,567
6,821,918
5,050,843
517,973
106,195
75,226
28,881
112,216
1,138
14,310
53,080
167,129
1,816
1,066
704
1,694
689,647
2,321,376
602,274
395
25,451
15,265
991
561,017
570,743
37,898
92,951
2,028,424
2,016,144
104
20
1,099
3,053
14
445
69
7,476
1,922,166
,499,650
154,532
16 , 581
12,312
6,400
21,798
95
2,156
14,137
40,131
159
441
290
610
152,874
516,494
106,258
27
10,447
1,588
108
92,900
93,306
5,843
15,286
3
374
605
919,111
738,826
49,412
12,028
14,001
3,052
16,802
82
1,366
2,003
6,900
64
478
74,088
241 , 806
65,429
29
174
574
150
93,951
92,820
3,581
9,286
802,581
794,409
221
36
1,727
1,388
15
242
313
4,230
757,472
528,738
55,916
8,600
4,370
5,540
14,942
428
1,835
14,526
33,872
544
489
323
52
87,297
265,671
45,109
47
6,870
8.488
133
67,059
75,024
6,527
15,222
507,538
38
180
870
40
1,228
432,872
256,868
57,542
13,719
9,305
1,809
8,522
13
1,286
3,301
15,280
198
11
2
as
64,798
250,670
77,025
37
783
190
250
18.415
19,077
5,379
12,669
450,034
385
2,106
273
32
108
1,504
389,840
263,657
32,491
11,248
5,176
2,102
8,550
23
1,051
2,934
15,836
77
50
2
16
46,627
186,377
64,611
12
3,217
1,813
13
32,423
33,532
3,657
8,485
2,644,299
2,623,462
1,229
26
2,141
4,011
1,414
173
584
11,259
2,400,457
1,763,104
168,080
44,019
30,062
9,978
41,602
497
6,616
16,179
55,110
774
67
86
320
263,963
860,358
243,842
281
3,960
2,612
337
256.269
256,984
12,911
32,003
1,013,882
1,000,332
501
125
975
4,001
1
354
527
7,066
884,956
198,500
212,189
18,727
18,025
7,723
34,286
411
1,359
40,067
76,160
483
682
80
361
275,903
801,832
128,926
87
3,876
4,826
240
4,881
3,917
13,786
31,788
(Thousand dollars)
6,608,613
,567,029
1,571
48
5,299
9,258
1,257
738
1,080
22,333
5,945,486
4,440,512
454,090
79,142
64,258
22,016
96,689
546
11,987
44,279
138,509
1,399
796
179
726
590,358
2,126,517
663,127
281
19,165
7,114
771
463,897
473,300
1,831,401
1,820,678
104
20
1,046
2,634
14
445
60
6,400
,346,353
137,336
13,135
10,024
5,329
19,188
90
1,949
12,341
34,890
127
387
78
562
135,492
474,325
114,120
20
10,135
1,532
105
83,073
85,988
913,198
909,448
16
1
341
593
40
2,759
843,690
685,849
42,389
9,012
12,616
2,587
15,048
82
1,105
1,874
6,313
64
8
1
10
66,732
223,599
69,508
310
165
554
118
83,479
82,831
609,578
603,639
190
1
1,465
1,136
5
135
313
2,694
547,395
376 , 334
45,711
4,835
2,947
3.623
11,256
184
1,614
11,603
24,209
311
273
10
11
64,474
227,305
62,183
9
1,949
2,967
5
42,730
49,650
478,247
475,940
38
3
177
860
37
1,192
393,442
240,499
52,141
10,641
8,270
1,594
7,922
13
1,111
3,010
13,973
118
11
2
50
54,087
235,441
84,805
23
784
201
221
16,635
16,989
404,513
308
557
81
32
93
956
335,987
232,410
28,195
7,068
4,490
1,456
7,379
23
786
2,163
12,835
62
50
2
16
39,052
170,076
68,526
13
3,194
618
13
26,260
26,881
2,371,676
2,354,838
1,223
23
1,962
3,478
1,117
126
577
8,332
2,107,691
1,559,067
148,318
34,451
25,911
7,427
35,896
154
5,422
13,288
46,289
717
67
86
77
230,521
795,771
263,985
226
2.938
1,242
309
211,720
210,961
898,273
887,812
501
125
663
3,113
1
341
416
5,301
753,396
169,511
189,631
12,894
15,639
5,941
29,406
159
1,094
34,005
62,357
465
371
80
287
231,556
718,301
144,877
48
1,846
611
238
3,319
2,801
12,055
26,577
Other
transporta-
tion,
communication,
water supply,
and sanitary
123
726
3,326
1
284
508
4,539
622,710
122,263
147,401
12 ,489
11,180
5,667
27,292
311
596
31,692
58,006
178
541
24
241
204,627
572,709
81,786
40
2,274
557
218
2,267
1,807
9,529
20,989
623,524
615,617
17
123
423
2,574
1
271
400
4,098
533,755
108,523
132,116
8.282
9,918
4,332
23,414
107
511
26,690
47,422
168
230
24
167
171 , 851
507,094
89,769
28
1,272
464
216
1,820
1,304
Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data.
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
69
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES— Continued
Industry — Continued
Wholesale and retail trade
Total
wholesale
and retail
trade
Wholesale trade
Total
wholesale
trade
Groceries
and
related
products
Other
wholesale
trade
Retail trade
Total
retail
trade
Grocery
stores,
meat, fish,
fruit and
vegetable
markets
General
merchan-
dise
Apparel
and
acces-
sories
Furniture,
home
furnish-
ings
and
equipment
Automotive
dealers
Gasoline
service
stations
Eating
drinking
places
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships .
Number of partners
Total receipts
Business receipts
Income from other partnerships, -etc.
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Other income
Total deductions.
Cost of goods sold
Salari es and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets.
Other deductions
Additional items:
Gross profit (less loss )
Net profit (less loss)
Net short-term capital gain (less loss).
Net long-term capital gain (less loss)..
Net gain under section 1231 (less loss).
Qualifying dividends
Inventory, beginning-of-year.
Inventory, end-of-year
PARTNERSHIPS WITH NET PROFIT
Number of partnerships.
Number of partners
Total receipts.
Business receipts
Income from other partnerships.
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Other income
Total deductions.
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets.
Other deductions
Additional items:
Gross profit
Net profit
Net short-term capital gain (less loss).
Net long-term capital gain (less loss)..
Net gain under section 1231 (less loss).
Qualifying dividends
Inventory, beginning-of-year.
Inventory, end-of-year
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
291,053
659,866
40,572
98,973
7,083
17,477
33,489
81,496
238,451
533,157
35,080
78,782
14,048
32,934
15,674
35,626
14,885
35,306
14,736
32,767
30,554
64,103
47,409
105,446
(Thtxiaand dollara)
39,416,044
39,002,533
6,806
1,312
31,723
70,122
5,402
6,853
5,750
285,543
37,125,674
30,252,983
2.474,927
395,508
529,432
124,968
435,077
5,422
77,341
127,461
405,782
4,969
4,249
1,755
4,261
2,281,539
8,749,550
2,290,370
963
52,060
20,100
3,413
3,812,539
3,889,870
239 , 575
543,345
12,854,708 3,349,035 9,505,673 25,040,435 5,402,107 1,392,456 1,542,581 1,488,835
12,711,942
3,086
247
7,322
16,622
1,692
2,552
3,409
107,836
12,267,955
10,618,177
571,961
89,900
72,315
34,208
95,882
919
20,089
28,256
95,028
1,147
1,965
668
1,316
636,124
2,093,765
586,753
109
19,931
3,835
1,243
929,002
920,619
34,392
84,477
3,329,805
457
33
706
2,414
71
130
111
15,308
3,236,500
2,876,527
140,769
16,890
11,787
4,687
14,776
49
3,886
6,472
18,823
342
475
43
645
140,329
453,278
112,535
18
1,528
576
263
123,889
122,079
6,065
15,094
9,382,137
2,629
214
6,616
14,208
1,621
2,422
3,298
92,528
9,031,455
,741,650
431,192
73,010
60,528
29,521
81,106
870
16,203
21,784
76,205
805
1,490
625
671
495,795
1,640,487
474,218
91
18,403
3,259
980
805,113
798,540
28,327
69,383
24,786,856
3,365
911
23,145
49,463
2,242
3,440
1,980
169,033
23,428,455
18,484,372
1,805,893
290,864
438,748
85,150
316,165
4,329
52,723
93,247
292,453
3,751
2,258
1,075
2,803
1,554,624
6,302,484
1,611,980
835
31,034
14,148
2,028
2,729,562
2,813,780
195,737
437,008
.379,376
1,079
404
1,005
8,409
95
239
373
11,127
5,145,770
4,457,921
254,388
32,058
53,923
8,343
49,127
334
3,666
15,393
47,848
270
309
160
477
221 , 553
921,455
256,337
157
6,130
1,104
402
261 , 553
269,646
30,853
69,025
,374,262
301
80
1,801
3,326
53
647
242
11,744
1,291,350
1,001,373
103,817
17,265
22,898
4,607
18,525
575
2,826
3,930
21,086
285
284
4
576
93,299
372,889
101,106
27
2,191
1,769
315
249,169
260,783
11,774
27,928
1,516,738
39
1.-369
1,412,285
1,017,236
137,776
26,962
57,437
5,134
19,551
147
4,665
4,044
14,794
441
144
9
153
123,792
499,502
130,296
210
1,768
829
119
358,598
363,082
13,252
30,293
,464,407
217
104
3,151
3,231
227
174
47
17,277
1,367,255
983,948
131,593
24,551
33,576
6,874
20,131
197
8,078
5,455
17,720
265
40
138
180
134,509
480,459
121 , 580
23
2,095
1,222
59
247,075
250,005
11,833
28,601
3,761,017
3,705,525
388
115
5,946
5,074
71
455
179
43,264
3,672,629
3,181,258
163,534
32,150
26,007
20,433
23,440
219
9,692
9,983
19,871
417
368
18
103
185,136
524,267
88,388
368
2,528
2,246
147
335,912
389,005
10,654
23,611
2,467,432
2,455,588
103
20
558
5,498
321
187
189
4,968
2,308,947
,901,786
139,620
27, 589
51 . 598
4,369
29,925
274
4,121
5,275
20,747
88
214
356
138
122,847
553,802
158,485
112
1,949
1,502
105
94,107
96,702
25,283
52,947
2,383,380
2,356,376
51
8
418
7,217
1,044
38
212
18,016
2,153,623
1,248,762
369,419
33,233
77,583
12,693
64,405
1,008
1,104
25,421
65,536
1,076
167
299
675
252,242
,107,614
229,757
s269
6,116
1,555
279
60,768
60,355
38,105
83,377
(Thousand dollara)
35,662,167
35,293,247
6,348
1,259
28,172
62,919
4,308
5,513
4,509
255,892
11.860,627
11,732,368
2,999
228
6,713
15,288
697
1,328
2,347
98,659
33,203,948
27,258,314
2,187,812
289,297
461,367
98,469
386,946
2,541
62,671
109,905
349,403
4,231
3,544
1,111
1,532
1,986,805
8,034,933
2,458,219
774
34,386
16,186
3,014
3,310,541
3,422,730
11,233,065
9,767,682
519,211
70,762
64,826
28,297
86,367
408
16,702
24,938
82,896
1,016
1,746
491
. 281
567,442
1,964,686
627,562
97
12,705
1,612
1,064
821,027
827,311
3,122,144 8,738,483 22,423,898 5,000,792 1,289,976 1,419,477 1,336,023 3,064,319 2,208,132 2,095,277
3,104,301
457
23
647
2,223
71
130
110
14,182
3,003,509
2,678,767
129,396
13,539
10,606
3,845
13,351
49
3,465
5,900
17,072
269
404
28
61
126,757
425,534
118,635
18
795
263
211
113,812
113,085
,628,067
2,542
205
6,066
13,065
626
1,198
2,237
84,477
i, 229, 556
7,088,915
389,815
57,223
54,220
24,452
73,016
359
13,237
19,038
65,824
747
1,342
463
220
440,685
,539,152
508,927
79
11,910
1,349
853
707,215
714,226
22,199,029
3,001
877
20,392
43,876
2,143
3,324
1,801
149,455
20,692,225
16,454,267
1,581,415
208,395
380,347
66,212
279,253
2,116
42,485
79,760
250,913
3,144
1,772
608
1,218
1,340,320
5,744,762
1,731,673
657
20,870
12,482
1,822
2.357,587
2,459,192
4,980,978
969
387
892
7,816
92
239
293
9,126
4,731,595
4,115,148
231,780
24,037
48,182
7,011
44,529
283
3,085
13,953
43,508
259
222
64
282
199,252
865,830
269,197
324
3,571
1,112
399
233,305
241 , 789
,273,426
301
79
1,636
2,870
40
643
242
10,739
925,209
93,927
13,340
20,407
3,805
16,756
292
2,284
3,559
19,231
170
216
4
64
83,820
348,217
106,892
37
2,162
1,485
277
225,985
237,792
,395,399
39
88
1,246
4,366
928,907
124,919
20,869
51,129
4,592
17,792
144
4,160
3,665
13,237
404
136
9
153
111,875
466,492
137,486
237
1,016
809
109
318,172
326,938
1,314,159
192
104
2,807
2,958
227
174
46
15,356
875,708
115,224
18,796
28,295
5,426
17,561
172
6,899
4,722
15,532
262
40
130
88
115,837
438,451
131,331
33
1,314
906
59
211,171
217,977
3,018,474
302
115
4,510
3,999
66
448
159
36,246
2,957,295
2,575,801
129,327
21,978
20,257
15,019
18,517
139
7,068
8,064
16,134
332
253
11
17
144,378
442,673
107,024
54
1,609
1,658
120
259,765
312,992
530
4,863
253
187
187
4,227
2,039,291
1,694,649
120,220
16,521
45,653
3,539
26,894
187
3,160
4,678
18,224
88
105
93
30
105,250
503,128
168,841
86
1,290
1,633
33
81,677
85,254
2,071,255
51
7
381
6,119
1,042
35
212
16,175
1,843,689
1,092,155
315,133
20,020
64,571
9,079
55,038
543
844
20,517
52,041
785
154
231
344
212,234
979,100
251,588
104
3,722
1,295
260
53,589
52,804
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
70
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES— Continued
Industry — Cont inued
Wholesale and retail trade — Continued
Retail trade — Continued
Building
materials
Hardware
and farm
equipment
Drug and
proprietary
stores
Other
retail
trade
Wholesale
and retail
trade not
allocable
Finance, insurance, and real estate
Total
finance,
insurance
and
real
estate
Security and
commodity
brokers,
dealers,
exchanges,
and services
Insurance
agents,
brokers ,
and
services
Real estate
operators
(except
developers)
and lessors
Real estate
agents,
brokers ,
and
managers
Other
finance,
insurance,
and
real
estate
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships
Number of partners
Total receipts
Income from other partner;:1;
Nonqualifying dividends
Interest
Rents
Royalties
Net farm prof i 1
Net gain, sales other than capital assets.
Other income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casual ty losses
Bad debts
Repai rs.
Depreciation
Amortization
from other partnerships, etc
b, sales other than capit :a
Other deductions
Additional i"
Gross profit (less loss)
Net profit (less loss)
Net short-term capital gain (less loss)...
Net long-term capital gain (less loss)...,
Net gain under section 1231 (less loss)...
Qualifying dividends
iry, beginning-of-year
Inventory, end-of-year
PARTNERSHIPS WITH NET PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
est
Royalties
Net farm profit
Net gain, sales other than capital assets
Other income
Total deductions
Cost of goods sold
Salaries and wages
1 : to partners
tid
Interest paid
Casualty losses
Bad debt s
Depreciation
Amortization
Net farm loss
s from other partii*
Net loss, sales other than capital assets
Other deductions
Additional items:
Gross profit
Net profit
Net short-term capital ga;;
Net long-term capital gain (less loss)...
Net gain under section 1231 (less loss)..
Qualifying dividends
■rj , beginning-of-year
Inventory, end-of-year
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(42)
(43)
5,716
14,013
10,516
24,142
8,660
19,784
41,173
90,254
12,030
27,736
202,630
851,816
2,959
23,479
12,608
32,149
469,105
4,198
9,693
(Thousand dollars)
918,518
226
.526
,182
86
200
40
,240
369, 375
679,392
73.544
11,527
6,044
3,641
747
4,864
2,691
11,451
49
26
63,069
239,126
60,648
90
731
578
90
157,654
153,237
4 , 5-73
1,316,303
1,297,112
288
29
3,024
2,972
152
1,077
198
11,451
1,241,353
1.010,872
82,834
18,238
14,252
5,880
15,584
164
4,046
3,183
13,290
61
395
17
72,537
286,240
74,950
23
597
230
78
368,114
359,177
8,527
19,667
1,140,797
^11
188
1,528
1,1 '! .■'! ■
767.113
116,078
26,200
24,927
1,955
17,739
80
1,373
3,140
12,520
146
43
2
137
59,360
373,684
116,954
39
754
385
69
178,755
183,978
7,616
17,475
3,208,534
3,178,15"
562
52
4,159
5,440
191
387
489
19,097
2,935,055
2,234,711
233,290
41,091
70,503
11,221
.5.-35
584
8,288
14,732
47,590
653
275
81
321
226,280
943,446
273,479
141
6,175
2,728
365
417,857
427,810
33,267
72,917
1,520,901
1.503.735
355
154
1,256
4,037
1,468
861
361
8,674
1,429,264
1,150,434
97,073
14,744
18,369
5,610
23,030
174
4,529
5,958
18,301
71
26
12
142
90,791
353,301
91.637
19
1,095
2,117
142
153,975
155,471
9,446
21,860
4,696,220
-.031.113
23,172
4,994
261,226
186,964
23,961
2,300
9,420
153,070
142,333
745, 572
117,501
111,220
457,462
357.387
2,917
19,004
107,679
473,777
5,940
3,197
3.37?
7,192
1,049,369
3,888,780
1,091,795
382,040
76,477
59,902
145,653
599,270
976,173
3,389
1,260
101,635
4,903
865
285
74,602
633
435,581
63,836
35,234
101,367
33,230
9,040
436
806
274,976
975,540
202,315
1 3 . 146
103,542
25
11,018
2,171
17,344
611,189
595,575
133
141
2,697
1,846
24
73
53
10,647
413,721
84,685
121,299
22,744
14,397
2,298
7,429
43
4,265
1,166
7.794
333
143
324
146,801
510,890
197,468
290
988
300
1,965,093
1,746,028
8,580
140
28,433
152,875
6,110
1,916
4,269
16,742
10,202
92,405
9,403
47,311
269,471
289,727
2,692
2,953
98,267
432,954
2,691
1,903
1,678
352,799
1,735,826
349,508
23,883
127,391
57,003
362 18,487
Not apple cable
11,636
29,859
93,263
324,974
166,540
2
2,870
2,681
19
18
276
8,682
116,382
15,478
27,197
4,333
4,313
2,757
2,708
31
152
1,030
3,957
220
147
158
136,514
'0.158
174
1,470
73
64
3,563
8,302
(Thousand dollars)
839,159
828,625
184
4
1,425
2,111
78
183
38
6,511
773,700
63,272
8,907
5,225
2,967
10,908
47
3,407
2,392
10,054
28
19
8
26
54,123
216,308
65,459
92
909
523
90
133,934
1,170,624
1,153,250
288
16
2,828
2,798
152
1,064
188
10,040
1,089,534
892,610
72,238
13,102
4,797
13,626
115
3,533
2,804
11,594
61
315
17
62,727
260.640
81,090
H
452
169
45
305,877
1,060,019
111
185
1,378
4,796
945,621
709.631
106,155
20,041
22,279
1,550
16, 508
50
1,264
2,814
10,971
141
43
2
137
54,035
350,388
120.915
39
594
418
69
159,217
164,923
2,905,667
476
51
3,952
191
315
425
17,908
2,641,733
2,032,132
209,220
30,784
62,354
8,427
41,124
144
6,781
12,592
40,387
614
269
56
60
196,789
873,535
291,850
83
4,231
2,474
361
364,541
378,912
1,377,642
1,361,850
348
154
1,067
3,755
1,468
861
361
7,778
1,278,658
1,036,365
10,140
16,194
3,960
21,326
17
3.484
5,207
15,594
26
12
33
79,043
325,485
98,984
20
811
2,092
128
131,927
136,227
4,058,786
3,472,097
22,200
4,016
240,093
147,895
21,711
1,989
8,861
139,924
655,404
88,879
90,123
275,656
266, 575
821
13,900
75,760
294,783
4,345
1,934
1,297
956
820,829
3,340,798
1,336,025
6,910
201,868
33,079
26,970
1,069,935
893,976
3,378
564
96,840
4,884
865
281
69,147
847,662
633
395,766
51,428
87,630
29,193
1,760
2,158
8,304
415
51
238,016
893,343
222,273
9,268
28,326
33
584,149
568,894
132
141
2,643
1,508
24
10,681
384,157
78,525
114,736
17,699
13,588
1,962
7,141
43
3,864
1,094
7,236
303
41
324
137,601
490,369
199,992
398
899
382
5,843 271
Not applicable
1,533,549
1,357,856
8,039
129
24,236
119,533
4,463
1,682
4,147
13,464
1,023,670
7,212
60,949
5,140
32,913
140,124
212,877
655
433
68,583
262,305
1,634
1,184
222
307
229,132
,350,644
509,879
35,564
92,032
20,117
3,154
153,866
2
2,784
2,587
19
18
244
6,676
102.078
14,700
24,400
2,286
3,653
2,073
2,349
31
129
865
3,428
220
147
156
47,641
126,836
51,788
174
1,487
23
64
(44)
50,634
317,390
790,286
561 , 345
11,070
3,451
125,591
24,659
16,943
293
4,537
42,397
497,940
31,335
69,090
17,185
9,965
81 , 569
24,293
151
9,707
4,453
20,032
1,728
1,004
2,152
4,384
220,892
530,010
292,346
4,829
148,649
19,076
29,971
35,020
218,791
717,287
509,835
10,651
3,180
113,590
19,383
16,340
216
4,136
39,956
365,194
30,229
59,553
12,326
8,505
44,067
15,015
92
7,714
3,060
13,510
1,344
562
504
274
168,439
479,706
352,093
3,130
79,124
12,524
17,638
Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE PABTNERSHIPS
71
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES— Continued
Industry — Continued
Total
services
Lodging
services
Personal services
Total
personal
services
Laundries,
laundry
services, and
cleaning and
dyeing
plants
Beauty and
barber
shops ,
including
schools
Other
personal
services
Business
services
Automotive services
Total
automotive
services
Automobile
repair
shops
Other
automobile
services
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships .
Number of partners
Total receipts.
Business receipts
Income from other partnerships , etc .
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Other income
Total deductions.
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships , etc
Net loss, sales other than capital assets.
Other deductions
Additional items:
Gross profit (less loss)
Net profit (less loss}
Net short-term capital gain (less loss).
Net long-term capital gain (less loss)..
Net gain under section 1231 (less loss).
Qualifying dividends
Inventory, beginning-of-year.
Inventory, end-of-year
PARTNERSHIPS WITH NET PROFIT
Number of partnerships .
Number of partners
Total receipts
Business receipts
Income from other partnerships.
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Other income
Total deductions.
Cost of goods sold —
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets.
Other deductions
Additional items:
Gross profit
Net profit
Net short-term capital gain (less loss).
Net long-term capital gain (less loss)..
Net gain under section 1231 (less loss).
Qualifying dividends
Inventory, beginning-of-year.
Inventory, end-of-year
(45)
159,360
410,688
9,445.464
9,281,292
9,227
237
8,035
61,916
2,743
241
5,693
76,080
6,389,912
1,483,675
1,883,604
234,389
387,003
73,929
173,397
1,999
15,210
75,773
354,800
39,213
1,398
2,194
1,597
1,661,731
7,797,617
3,055,552
764
30,271
17,201
1,520
120,820
124,689
131,521
336,047
1,629,767
8,540
237
7,405
43,699
2,603
211
5,600
67,826
5,599,675
1,331,103
1,735,128
176,607
344,175
46,028
147,912
1,029
13,687
58,876
259,168
27,224
1,203
1,001
912
1,455,622
7,298,664
3,166,213
554
19,261
13,609
1,512
107,287
108,105
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
14,066
41,186
32,574
71,930
12,853
29,179
12,190
25,366
7,531
17,385
14,271
34,836
19,223
42,735
(Thousand dollars)
596,460
540
1
1,615
29,452
506
22
887
7,739
604,256
116,361
110,901
8,671
36,535
31,227
33,586
361
789
22,401
81,281
525
129
609
181
160,699
480,099
32,966
5311
8,563
4,511
176
4,835
5,027
8,473
25,111
1,031,894
253
18
677
3,560
2
20
75
7,489
838,781
240,044
197,523
34,725
44,115
8,246
22,760
143
3,723
14,102
59,298
375
10
6
462
213,249
791,850
205,207
48
2,868
1,481
171
23,480
22,505
26,890
59,063
484,068
477,718
82
423,745
109, £ '
111,227
10,532
18,482
4,660
11,675
104
582
8,625
35,177
245
250
112,496
368,028
60,323
30
1,665
1,067
13
3,189
3,157
9,373
21,115
52
256
41
1.001
134,847
20,795
49,756
11,553
14,790
487
3,361
25
25
1,173
5,583
20
171,929
59,237
19
275
284
1,094
1,078
10,774
22,334
361,452
171
403
1,424
2
20
28
2,336
280,189
109,559
36,540
12,640
10,843
3,099
7,724
14
3,116
4,304
18,538
110
10
6
212
73,474
251,893
85,647
21
928
130
158
19,197
18,270
6,743
15,614
728,195
714,340
103
6
655
6,048
620
206
6,217
601,065
223,828
137,202
17,784
17,476
5,665
12,175
313
1,635
6,382
51,568
408
177
385
357
125,710
490 , 512
127,130
165
3,097
3,051
254
14,023
15,532
11,052
27,036
794,947
787,286
6
3
174
3,771
121
3,584
672,835
394,843
75,478
17,653
30,618
5,985
15,167
440
2,005
7,753
34,776
332
22
26
84
87,653
392,443
122,112
32
4,948
2,678
40
37,304
39,000
16,676
36,717
(Thousand dollars)
467,271
441,166
59
1
1,281
18,007
504
22
858
5,373
399,489
83,899
74,921
5,610
25,895
16,010
21,958
234
580
14,842
46,063
227
37
40
181
108.992
357,267
67,782
S292
2,348
4,337
175
3,058
3,083
966,617
955,557
246
18
666
3,260
2
20
751,897
227,084
178,653
25,770
36,670
6,527
20,936
71
3,461
12,533
48,327
279
10
6
157
191,413
728,473
214,720
46
2,524
919
171
22,023
21,079
428,874
75
211
1,629
367,213
101,776
99,945
7,199
14,113
3,189
10,395
33
377
7,322
25,764
159
102
96,839
327,098
67,145
30
1,274
583
13
2,983
2,990
176,102
10
52
207
116, 514
19,068
43,399
7,784
12,838
365
3,065
25
21
988
4,766
11
157,034
60,863
19
326
206
1,001
1,023
350,581
171
403
1,424
2
20
18
2,263
268,170
106,240
35,309
10,787
9,719
2,973
7,476
13
3,063
4,223
17,797
109
10
6
55
70,390
244,341
86,712
33
924
130
158
18,039
17,066
670,240
657,659
103
6
583
5,329
615
202
5,743
531 , 516
212,031
124,396
12,201
15,595
2,975
10,730
267
1,565
5,139
36,692
339
177
129
345
108,935
445,628
138,724
95
2,108
2,140
248
12,783
10,396
716,217
709,810
6
3
134
3,152
77
3,033
587,480
362,755
65,433
11.994
26,752
3,836
12,662
135
1,819
4,765
22,296
287
22
26
5
74,693
347,055
128,737
18
4,245
1,048
40
34,049
35,899
16,371
35,268
664,266
6
3
110
1,132
110
1,781
558,719
376,823
54,655
14,874
14,376
2,445
10,545
350
1,843
3,330
13,364
253
22
26
82
65,731
287.443
108,691
693
264
37
35,157
37,125
14,627
31 , 537
619,546
616, 560
6
3
110
1,114
2
68
1,683
507,846
347,385
48,683
10,330
13,133
2,153
9,697
105
1,728
2,948
12,145
253
22
26
4
59,234
269,175
111,700
646
284
37
31,983
34,082
(54)
2,852
7,467
123,020
64
2,639
11
1,803
114,116
18,020
20,823
2,779
16,242
3,540
4,622
90
162
4,423
21,412
79
2
21,922
105,000
13,421
32
4,255
2,414
3
2,147
1,875
2,049
5,180
96,671
24
2,038
79,634
15,370
16,750
1,664
13,619
1,683
2,965
30
91
1,817
10,151
34
1
15,459
77,880
17,037
18
3,599
764
3
2,066
1,817
Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data.
72
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 17.— INCOME STATEMENTS ITEMS FOR SELECTED INDUSTRIES —Continued
Industry — Continued
Services — Continued
Repair
Engineering
and
Accounting,
auditing,
Other
Total
Offices of
Other
business
medical
physicians.
medical
architec-
and
services
and health
surgeons,
and health
tural
bookkeeping
services
and oculists
services
services
services
(55)
(56)
(57)
(58)
(59)
(60)
(61)
(62)
(63)
(64)
10,584
13,227
18,361
10,669
7,692
19,950
6,058
8,076
2,970
8,242
22,482
43,345
50,737
28,681
22,056
58,269
15,211
22,610
7,347
22,427
( Thousand
doUmtt)
292,965
647,107
1,883,862
1,170,060
713,802
1,780,417
734.823
770,489
131,449
145,769
291,841
619,913
1.865,744
1,157,948
707,796
1.756,893
726,710
760,751
129,460
141,298
_
1,242
287
190
97
906
4,107
1,783
-
754
6
53
55
51
4.
28
-
3
64
-
114
717
638
270
368
2,411
375
547
112
223
503
10,975
3,714
1,525
2,189
2,950
399
479
65
395
-
825
32
8
24
479
54
31
192
-
30
48
56
_
56
18
47
-
-
267
14
170
559
544
15
3,643
9
9
-
168
457
13,164
12,777
9,524
3,253
13,089
3.122
6,886
1,556
2,664
229,431
590,632
904,575
458,589
445,986
801,630
564,242
490,186
92,279
103,822
136,480
117,347
76,113
15,928
60,185
24,959
124,735
12,699
16,266
39,469
24,091
111,645
351,787
184,654
167,133
351,668
214,880
280,417
28,012
20,262
10,379
10,222
27,414
12,171
15,243
39,355
21,549
40,615
6,022
5,046
6,153
35,632
77,515
49,503
28,012
85,290
18,537
29,304
5,828
3,997
1,082
9,098
6,035
1,885
4,150
2,016
1,470
1,979
1,126
1,065
4,286
19,500
24,382
11,879
12,503
17,524
10,428
11,411
2,178
2,535
32
410
118
30
88
66
_
54
62
92
1,014
614
1.563
354
1,209
1,205
627
1,288
747
543
1,599
9,381
7,946
3.149
4,797
3,009
968
1.670
562
1,209
6,975
46,599
33,262
16,776
16,486
21,358
7,450
10,023
2.210
3,680
10
35,414
271
221
50
1,038
154
639
47
16
_
97
963
-
963
_
_
_
-
232
_
321
38
-
38
544
254
11
_
1,128
2
297
62
60
2
35
31
86
_
209
37,328
194,055
297,106
161,979
135,127
253,563
163,159
99,990
29,219
24,339
155,361
502,566
1,789,631
1,142,020
647,611
1,731,934
601,975
748,052
113,194
101,829
63,534
56,475
979,287
711 ,471
267,816
978,787
170 , 581
280,303
39,170
41 947
5317
5
ISO
168
2
166
278
176
21
2
456
4,561
135
219
154
5,091
239
273
40
J628
33
815
1,245
617
628
3,105
69
212
1
198
16
88
136
10
126
480
105
54
_
48
20,417
4,774
3,330
(4)
3,185
(4)
9,717
1,207
1,646
2,956
20,258
6,210
2,723
(*)
2,600
-
11,079
1,156
1,199
2,790
8,873
8,146
17,294
10,364
6,930
18,847
5,117
7,718
2,435
5,775
18,806
25,878
47,492
27,855
19,637
55,539
12,993
21,679
5,733
14,646
(Thwmand
dolUra)
267,877
499,646
1,847,302
1,162,050
685,252
1,756,046
698,182
760,499
115,991
126,994
266,940
481,084
1,829,264
1,149,945
679,319
1.732,893
690,305
751,064
114,025
122,584
-
1,185
287
190
97
906
3,965
1,783
_
754
6
53
55
51
4
28
_
3
64
-
106
636
634
270
364
2,400
337
525
103
209
438
6,189
3,714
1,525
2.189
2,678
396
471
65
392
-
741
32
8
24
430
54
31
192
_
-
48
56
-
56
18
47
_
_
267
14
170
559
544
15
3,643
9
9
_
167
373
9,540
12,701
9,517
3,184
13,050
3,069
6,613
1,542
2,621
202,376
411,259
862,872
449,550
413,322
774,925
523,558
478,982
75,321
78,641
121,323
94,471
68,473
15,501
52,972
24,940
114,002
12,674
9,451
29,256
21,580
79,902
339,952
182,053
157,899
346,142
202,879
275,569
25,701
17,464
6,752
6,138
22,189
9,133
13,056
26,680
16,278
38,166
4,829
2,995
5,401
25,501
74,185
48,815
25,370
83,091
17,277
28,657
5,151
3,394
948
4,513
5,333
1,856
3,477
1,816
1,289
1,842
939
365
3,897
14,468
23,179
11.750
11,429
17,216
9,905
11,152
1,809
1,770
29
55
118
30
88
66
_
54
_
49
817
498
1,495
354
1,141
1,199
342
1,181
730
217
1,466
6,602
7,578
3,133
4,445
2,985
831
1,642
493
784
6,206
28,414
31,356
16, 527
14,829
20,944
7,092
9,856
1,922
2,791
10
23,954
259
221
38
1,031
152
639
47
14
-
-
957
-
957
-
-
_
_
189
-
12
15
-
15
544
218
11
_
22
-
14
62
60
2
35
27
86
_
_
33,947
126,717
287,721
160,117
127,604
J-."', .'lb
153,266
97.453
24,249
19,331
145,617
386,613
1,760,791
1,134,444
626,347
1,707,953
576,303
738,390
104,574
93,328
65,501
88, ••■"'
712,500
271,930
981,121
174,624
281,517
40,670
48,353
5
147
58
2
56
278
176
21
2
35
404
2,342
1 44
319
325
4,782
239
273
40
119
3 38
725
1.245
617
628
3,105
67
60
1
7
16
88
136
10
126
479
105
54
37
17.291
3,523
-'.111
145
2.966
87
9,189
1.199
974
2,164
17.901
4.595
2,418
123
-
10,711
1,149
874
2,010
PARTNERSHIPS WITH AND WITHOUT NET PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Other income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Interest paid
Taxes
Casualty losses
Bad debts
Repairs
Depreciation
Amortization
Net farm loss
Net loss from other partnerships, etc
Net loss, sales other than capital assets.
Other deductions
Additional items:
Gross profit (less loss)
Net profit (less loss)
Net short-term capital gain (less loss) —
Net long-term capital gain (less loss)
Net gain under section 1231 (less loss)...
Qualifying dividends
Inventory, beg inning- of -year
Inventory, end-of-year
PARTNERSHIPS WITH NFT PROFIT
Number of partnerships
Number of partners
Total receipts
Business receipts
Income from other partnerships, etc
Nonqualifying dividends
Interest
Rents
Royalties
Net farm profit
Net gain, sales other than capital assets.
Othe r income
Total deductions
Cost of goods sold
Salaries and wages
Payments to partners
Rent paid
Infer'::' paid
Taxes
Casualty losses
Bad debts
Repai rs
Depreciation
Amortization
Net farm loss
Net 103S from other partnerships, etc
Net loss, sales other than capital assets.
Other deductions
Additional Items:
Gross prof i t
Net profit
Net short-term capital gain (less loss)...
Net long-term capital gain {less loss)....
Net gain under section 1231 (l<'ss loss)...
Qualifying dividends
Inventory, beginnlng-of-year
Inventory, end-of-year
lNet loss exceeds net profit.
2Ne*. loss.
'Loss exceeds gain. See text for
4No reliable esliinate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
NOTE: See text for explan-4 aits and "Description of the Sample and Limitations of the Data."
For the several industrial divisions, the "other" categories include data of the unspecified industrial groups. See table 12 for a complete listing of the industrial
groups.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
75
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76 U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
ACTIVE PARTNERSHIPS
Table 19 -NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, FOR PARTNERSHIPS WITH ADDITIONAL FIRST YEAR DEPRECIATION, BY
'" SELECTED INDUSTRIES
Total
number of
partner-
ships
Total
Agriculture, forestry, and fisheries..
Farms
Other agriculture, forestry, and
fisheries
Mining
Crude petroleum and natural gas. . .
Other mining, including quarrying.
Construction
General contractors
Special trade contractors.
Contractors not allocable.
Manufacturing
Food and kindred products, including
beverages
Apparel and other finished products
made from fabrics and similar
materials
Lumber and wood products, except
furniture
Printing, publishing, and allied
industries
Machinery, except electrical, and
transportation equipment
Other manufacturing
Transportation, communication, water
supply, and sanitary services
Motor freight transportation and ware'
housing
Other transportation, communication,
water supply, and sanitary services.
Wholesale and retail trade.
Wholesale trade
Groceries and related producta.
Other wholesale trade
Retail trade.
Grocery stores, meat, fish, fruit,
and vegetable markets
General merchandise
Apparel and accessories
Furniture, home furnishings, and
equipment
Automotive dealers
Gasoline service stations...
Eating and drinking places. .
Building materials
Hardware and farm equipment.
Drug and proprietary stores.
Other retail trade
Wholesale and retail trade not
allocable
Finance, insurance, and real estate.
Security and commodity brokers,
dealers, exchanges, and services
Insurance agents, brokers, and
services
Real estate operators (except develop-
ers) and lessors
Other finance, insurance, and real
estate
Partnerships with and without net profit
(1)
Lodging services
Personal services
Laundries, laundry services, and
cleaning and dyeing plants
Beauty and barber shops, including
schools
Other personal services
Business services
Automotive services
Repair services, except automotive...
Recreational services
Medical and other health services...
Offices of physicians, surgeons, a
oculists
Other medical and health services.
Legal services
Engineering and architectural services
Accounting, auditing, and bookkeeping
services
Other services
Nature of business not allocable.
136,306
126,189
10,117
15, 697
10,842
4,655
62,451
17,795
40,856
3,800
47,163
6,992
4,062
8,409
4,384
16,778
17, 638
12,055
5,583
291, 053
40,572
7,083
33,489
236,451
35,080
14,048
15,674
14,885
14, 736
30,554
47,409
5,716
10,516
8,660
41, 173
12, 030
202, 630
12,608
132,231
54,832
159,360
14,066
32,574
12, 853
12,190
7,531
14,271
19,223
10,584
13,227
18,361
10,669
7,692
19,950
6,058
8,076
2,970
8,242
Partnerships with additional first-year depreciation
Number of
partner-
ships
Business
receipts
(Thotiaand
dollar*)
(2)
20,948
3,482
3,241
241
490
389
101
530
656
21
2,389
202
157
386
893
295
184
5,134
877
132
745
3,964
618
219
253
253
187
633
913
74
187
268
359
293
2,267
235
1,773
160
5,456
422
887
501
217
169
620
202
208
299
1,057
643
414
623
96
<2)
(3)
4,459,927
254,433
231, 336
23,097
76,851
49,743
27, 106
281, 640
182, 751
96, 169
2,720
903, 331
264,042
90,123
43,043
72,794
363, 301
73, 580
44,977
28, 603
1,740,020
737, 530
166,003
571,527
895,614
214, 588
67,990
49, 338
43, 705
156, 371
69,009
99, 392
34,254
47,798
39, 560
73,609
106, 876
365, 659
237, 816
33. 181
71,983
22,679
761, 291
67, 333
72,148
46,467
6,621
19,060
62. 182
12,327
9,867
38, 563
148,448
91,148
57,300
190, 758
61,499
91, 803
6,363
(2)
Gross
profit
(less
loss)
(Thwnd
dollara)
Net
profit
(less
loss)
(Thousand
dollar*)
(4)
2,025,808
190, 459
179, 868
10, 591
36, 796
20,968
15, 828
81,787
47,490
33, 053
1,244
269, 137
58, 499
21,715
11,905
30, 054
116,461
55,230
35, 654
19,576
366,497
110,427
20,539
89,888
232, 906
38,544
23,097
16,648
16, 163
20,520
16,430
47, 836
9,821
9,968
13, 074
20, 805
23,164
357, 911
237, 512
26,138
71,835
22,426
664, 869
58,992
54,765
36,206
4,810
13, 749
39,399
6,799
5,659
27, 121
139,958
89,105
50,853
187, 717
47,664
90,673
6,122
(Thouaand
dollar*)
(5)
<2)
34,466
31,220
3,246
'515
'2,971
2,456
21,625
13,463
7,679
483
75,977
11,756
6,895
3,968
10, 145
33, 625
5,640
4,803
84, 020
28,309
5,846
22,463
49, 862
8,793
4,283
4,376
3,635
3,618
4,026
7,939
1,979
2,958
3,473
4,782
5,849
36,647
33, 668
9,001
'12,582
6,560
258, 984
6,726
10,308
4,012
1,669
4,627
9,060
2,242
2,912
3,564
75,986
56,768
19,218
101, 680
11, 318
33,809
1,377
(2)
Depreciation
(6)
23,829
22,355
1,474
8,521
5,421
3,100
12,505
8,130
4,142
233
21,863
938
1,795
2,785
3,111
8,620
5,885
4,226
1,659
23,499
6,488
1,085
5,403
15,424
2,463
2,067
728
818
786
976
4,107
841
575
656
1,407
1,587
32,135
2,430
433
28,613
659
30, 226
8,037
5,789
3,950
355
1,484
3,603
1,236
466
2,586
3,795
1,944
1,851
2,566
660
1,354
132
(2)
Additional artner.
first-year
(Thooaand
dollar*)
(7)
31, 026
5,499
5,112
387
1,402
934
468
2,274
1,302
915
57
4,504
266
449
920
1,713
1,053
779
274
5,639
1,314
208
1,106
3,984
667
501
165
219
197
218
1,115
109
227
183
363
341
4,382
84
3,744
145
6,250
944
1,346
969
209
168
1,038
168
221
527
467
431
611
100
327
70
(2)
Partnerships with net profit
Total
lumber of
ships
Number of
partner-
ships
(8)
103,676
96,380
7,496
8,400
5,284
3,116
52,944
14, 301
35, 608
3,035
5,843
3,581
6,527
5,379
3,657
12,911
13,786
9,529
4,257
239, 575
34,392
6,065
28, 327
195, 737
30,853
11,774
13,252
11, 833
10,654
25, 283
38, 105
4,573
8,527
7,616
33, 267
9,446
145,653
11, 636
93,263
38,583
131,521
8,473
26,690
9,373
10,774
6,743
11,052
16, 676
8,873
8,146
17, 294
10,364
6,930
18,847
5,117
7,718
2,435
5,775
Partnerships with additional first-year depreciation
(9)
17,264
2,972
2,772
200
193
117
(2)
992
474
497
21
176
116
287
788
255
158
4,538
791
131
660
3,498
552
218
232
229
177
588
723
68
183
209
319
249
1,332
234
846
159
4,677
361
606
178
169
483
201
169
195
643
335
869
153
604
(2)
(2)
Business
receipts
f Thooaand
dollar*)
(10)
4, 208, 193
230,476
208,459
22,017
48,191
23, 172
(*)
258, 767
175, 863
80,184
2,720
866, 223
62,997
39,677
66,712
69,456
349,076
69,392
44,102
25,290
1, 668, 522
700, 943
163, 293
537,650
861,970
210,710
67, 088
46,272
42,494
149, 631
66,096
93, 582
31, 161
46, 669
36, 019
72,248
105, 609
323, 524
225, 127
32, 571
43,765
22,061
739,976
64,658
66,040
40,638
6,342
19,060
61,481
11, 336
9,139
33,825
144,971
91,148
53,823
190, 742
59,879
(J)
(2)
Gross
profit
(Thooaand
dollara)
(11)
1,914,328
177,640
167, 396
10,244
25,779
11, 605
(2)
76,208
46,005
28,959
1,244
261, 322
57, 245
20,460
11,351
29,175
28, 567
114, 524
53,324
34,779
18, 545
352,038
105, 529
20, 325
85,204
223, 517
37,988
22,796
15,619
15,912
19, 681
15,818
45, 176
8,482
9,768
11,906
20,371
22,992
316, 285
224, 823
26, 018
43,636
21,808
648,610
56, 519
50,177
31,828
4,600
13,749
38, 767
5,808
5,087
22, 656
138, 537
89, 105
49,432
187, 701
46, 817
90,663
(2)
(2)
Net
profit
(Thooaand
dollara)
(12)
42,704
39, 254
3,450
6,528
3,995
(2)
22, 553
14,004
8,066
483
7,043
4,187
10,156
10,447
34,912
10,682
5,708
4,974
86,655
29,092
5,846
23,246
51, 598
9,076
4,307
4,443
3,936
3,674
4,120
8,564
2,042
2,977
3,592
4,867
5,965
58,831
34,062
9,006
6,968
6,775
263, 166
7,285
11,036
4,707
1,702
4,627
9,666
2,285
2,938
4,446
76,819
56,768
20,051
101, 763
11,687
(2)
(2)
Deprecietion
(Thooaand
dollar*)
(13)
121, 259
19,840
18, 568
1,272
4,744
1,845
(2)
11,235
7,511
3,491
233
20, 439
852
1,662
2,705
2,791
7,949
5,624
4,124
1,500
21, 422
5,559
1,079
4,480
14,337
2,321
2,059
674
779
749
958
3,552
795
563
527
1,360
1,526
12, 630
2,291
431
9,257
651
25,242
7,217
4,334
2,526
324
1,484
2,955
583
426
1,460
3,624
1,944
1,680
2,533
644
1,343
(*)
(2)
Additional
first-year
(Thouaand
dollar*)
'Net loss exceeds net profit.
2No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
See table 12 for a complete listing of the industrial groups.
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
77
Table 20.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, FOR PARTNERSHIPS WITH ADDITIONAL FIRST -YEAR DEPRECIATION
BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT
Size of net profit
Total
number
of
partner-
ships
Partnerships with additional first-year depreciation
Number
of
partner-
ships
Business
receipts
(Thousand
dollara)
Gross
profit
(less
loss)
(Thousand
dollara)
Net
profit
(or loss)
(Thousand
dollara)
Depreciation
(Thousand
dollara)
Additional
first-year
(Thouaand
dollar*)
Total
number
of
partner-
ships
Partnerships with additional first-year depreciation
partner-
ships
Business
receipts
(Thousand
dollar a)
Gross
profit
(less
loss)
(Thousand
dollara)
Net
profit
(or loss)
(Thouaand
dollara)
Depreciation
(Thousand
dollara)
Additional
first-year
(Thousand
dollar*)
Total.
Returns with net profit,
Under $2,000
42, 000 under $5, 000. . .
$5,000 under $10,000..
$10, 000 under $20, 000.
$20, 000 under $50, 000. . .
£50,000 under $200,000..
$200,000 under $500,000.
$500, 000 or more
Returns without net profit.
Total.
Returns with net profit, total.
Under $2,000
!2, 000 under $5, 000
5, 000 under $10, 000
10, 000 under $20, 000
: 120, 000 under $50,000...
i 150, 000 under $200,000..
: 1200, 000 under $500,000.
i 1500, 000 or more
Returns without net profit. .
Total.
Returns with net profit,
Under $2,000
$2,000 under $5,000
$5,000 under $10,000..
$10,000 under $20,000.
$20,000 under $50,000...
$50,000 under $200,000..
$200,000 under $500,000.
$500,000 or more
Returns without net profit.
Returns with net profit, total.
Under $2, 000
$2,000 under $5,000
S5, 000 under $10, 000
$10,000 under $20,000...
$20, 000 under $50, 000. . .
£50,000 under $200,000..
$200,000 under $500,000.
$500, 000 or more
Returns without net profit.
Total.
Returns with net profit,
Under $2,000
!2, 000 under $5, 000. . .
5,000 under $10,000..
10,000 under $20,000.
$20,000 under $50,000
! ,50, 000 under $200, 000. .
: 200, 000 under $500,000.
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, to-
Under $2, 000
$2, 000 under $5, 000
$5,000 under $10,000
$10,000 under $20,000
$20, 000 under $50, 000
150,000 under $200,000
$200, 000 under $500, 000. .
$500, 000 or more
Returns without net profit.
940,560
739,428
193, 785
154,830
156,817
128,015
76,155
27,484
1,831
511
201, 132
15,697
8,400
3,356
1,502
1,220
1,039
946
283
38
16
37, 898
6,395
6,341
7,731
8,711
6,261
2,255
179
25
9,285
291, 053
239, 575
49,057
49,864
60,794
51,027
24, 263
4,425
125
20
51,478
238, 451
195, 737
41, 499
43, 966
52,490
39,821
15,909
2,014
33
5
42,714
14,048
11,774
2,451
2,850
3,226
2,062
983
198
2,274
All industries
Agriculture, forestry, and fisheries
20,948
17,264
1,987
2,165
2,733
4,043
3,699
2,353
211
73
3,684
4,459,927
4, 208, 193
75, 086
151, 647
233,756
604,439
1, 051, 743
1,371,263
354,295
365,964
251,734
32,090
59,388
106,939
243, 665
417, 436
554,665
176, 832
323,313
111,480
571, 194
1,790
7,640
20,526
58,404
116,913
204, 221
63, 893
97,807
'48,080
158,546
121, 259
4,747
6,717
12,876
26,027
33, 606
27,671
4,584
5,031
37,287
31,028
136,306
23,223
1,329
1,652
2,931
5,102
6,014
4,994
586
615
7,805
103, 876
32,090
29,350
22, 169
13,420
5,734
1,077
32
4
32,430
3,482
2,972
260
566
807
769
443
125
1
1
254, 433
230, 476
6,149
13,630
29,674
59, 547
68, 693
44,776
1,740
6,267
23,957
190,459
177,640
3,664
13,369
25,715
45,479
48,482
35, 574
1,740
3,617
12,819
34,466
42,704
308
2,018
6,177
10,435
13,321
9,241
213
991
8,238
23,829
19,840
744
2,188
4,144
4,604
4,865
3,064
77
154
3,989
5,499
4,607
172
354
1,077
1,294
869
800
2
39
Mining
Construction
17, 508
9,832
12,702
4,423
3,726
28, 660
36, 796
25,779
6,416
6,793
7,787
1,734
3,049
11,017
603
2,235
801
1,705
'7,043
8,521
4,744
1,501
1,245
1,362
322
314
3,777
1,402
62, 451
742
101
200
20
1
52,944
8,065
9,608
14,604
13,696
5,484
1,356
85
46
9,507
1,207
239
224
222
227
75
3
2
215
281, 640
258,767
11,618
16, 069
30,647
70,534
95, 881
7,345
26,673
22, 873
81, 787 21, 625 12, 505
76,208
3,994
8,583
10,817
25,625
19,048
1,767
6,374
5,579
22,553
546
1,621
3,271
6,601
6,457
765
3,292
'928
11, 235
404
1,128
2,251
3,594
2,706
302
850
1,270
2,274
2,033
90
364
432
785
321
30
11
Manufacturing
Transportation, communication, water supply, and sanitary services
2,389
2,103
125
150
269
446
688
388
31
6
903,331
866, 223
7,210
23,348
31, 775
89,024
224, 076
364,842
102, 864
23,084
37, 108
269, 137
261, 322
2,362
8,115
9,513
29,711
71, 286
101,076
30, 596
8,663
7,815
75, 977
78, 608
91
542
2,160
6,467
21, 535
33,639
9,336
4,838
'2, 631
21, 863
20,439
169
636
922
3,134
6,436
7,387
1,257
498
1,424
4,504
17, 638
4,079
65
144
220
671
1,366
1,391
122
100
425
13,786
3,530
3,422
3,019
2,255
1,262
256
31
11
3,852
479
73, 580
69, 392
21,062
48,330
55, 230
53,324
16,659
36, 665
1,906
10,443
10, 682
5,885
5,624
1,053
1,008
Wholesale and retail trade
Total wholesale and retail trade
658
795
664
,210
846
345
1, 740, 020
1, 668, 522
45,787
86,033
112,684
318, 630
483, 876
528,444
93, 071
71,498
366,497
352,038
12,954
21,641
26,425
73,678
101, 603
103, 064
12,673
14,459
84,020
86, 655
604
2,847
4,907
17, 816
26,781
28,454
5,246
'2,635
23,499
21,422
1,310
1,577
1,728
5,718
6,026
4,780
283
2,077
5,639
4,647
457
594
407
1,319
1,084
686
100
Wholesale trade
40,572
34,392
4,766
4,410
6,391
9,359
7,140
2,224
87
15
6,180
55
189
251
157
14
737,530
700,943
20,138
18,114
76, 856
208, 325
287, 225
90,285
110,427
105, 529
4,861
2,630
12,903
32, 055
42,422
10, 658
4,898
28,309
29,092
312
374
2,929
8,331
13,156
3,990
l783
6,488
5,559
177
984
2,072
1,687
264
1,314
918
41
154
294
228
96
Retail trade
Total retail trade
3,964
3,498
603
686
558
955
532
158
36,
69,
86,
219,
241,
206,
2,
232,906
223, 517
10, 668
17, 820
22,234
55,090
62,461
53,229
2,015
49, 862
51, 598
552
2,453
4,130
13,821
16,463
12,923
1,256
'1,736
15,424
14, 337
1,092
1,367
1,440
4,403
3,380
2,636
19
1,087
3,411
389
547
310
1,069
695
397
Grocery stores, meat, fish, fruit, and vegetable markets
35, 080
30, 853
5,562
7,405
9,003
6,480
2,125
268
2
4,227
180
150
115
27
(3)
214, 588
210,710
18,082
28,697
32,700
66, 214
65,017
(3)
38,544
37,988
5,609
5,180
12,666
11, 521
(3)
9,076
411
1,201
1,192
3,797
2,475
(3)
377
400
587
593
(3)
127
95
(3)
Retail trade — Continued
General merchandise
67,990
67, 088
22,447
20, 396
24, 245
23,097
22,796
7,587
6,063
9,146
4,283
4,307
1,509
974
1,824
2,067
2,059
1,277
493
287
15,674
13,252
2,374
2,513
3,501
3,227
1,472
158
2,422
Apparel and accessories
25, 410
15,544
2,532
2,786
3,066
16,648
15,619
5,117
941
2,015
4,443
977
260
1,256
'67
170
51
19
185
175
32
5
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
78
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 20.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT FOR PARTNERSHIPS WITH ADDITIONAL FIRST YEAR DEPRECIATION
BY SELECTED INDUSTRIES AND SIZE OF NET PROFIT— Continued
Size of net profit
Total
number
partner-
ships
Partnerships with additional first-year depreciation
Number
of
partner-
ships
Business
receipts
(Thousand
do liar a)
Gross
profit
(less
loss)
(Thailand
dollar*)
Net
profit
(or loss)
(Thouaand
dollar,)
Depreciation
(Thovaand
dollari)
Additional
fir st -year
(Thovaand
dollar*)
Total
number
of
partner-
ships
Partnerships with additional first-year depreciation
Number
of
partner-
ships
Business
receipts
(Thovaand
dollara)
Gross
profit
(less
loss)
( Thouaand
dollara)
Net
profit
(or loss)
(Thomaartd
dollar*)
Depreciation
(Thouaand
dollar*)
Additional
first-year
(Thouaand
dollara)
Returns with net profit, total.
Under $2, 000
42, 000 under $5, 000
$5, 000 under $10, 000
$10,000 under $20,000...
; 120, 000 under $50,000...
1150,000 under $200,000..
: ,200, 000 under $500,000.
1.500,000 or more
Returns without net profit.
Returns with net profit, total.
Under $2,000 ,
$2,000 under $5,000
$5,000 under $10,000
$10,000 under $20,000...
$20,000 under 450,000...
250,000 under $200,000..
£200,000 under $500,000.
$500,000 or more
Returns without net profit.
Total.
Returns with net profit, total.
Under $2, 000
52, 000 under $5, 000
5, 000 under $10, 000
10, 000 under $20, 000
$■20,000 under $50,000...
$50,000 under $200,000..
$200,000 under $500,000.
$500, 000 or more
Returns without net profit..
Total.
Returns with net profit, total.
Under $2,000
!2, 000 under $5, 000
5, 000 under $10, 000
10,000 under $20,000
$20,000 under $50,000...
$50,000 under $200,000...
$200,000 under $500,000.
$500, 000 or more
Returns without net profit.
Wholesale and retail trade — Continued
Retail trade — Continued
Furniture, home furnishings, and equipment
14, 885
11, 833
2,185
2,074
3,000
2,938
1,364
271
1
3,052 (3)
43, 705
42, 494
19, 320
10, 182
12,992
C3)
16, 163
15,912
3,218
6,127
<3)
3,635
3,936
922
1,435
(3)
145
206
(3)
26
118
(3)
Automotive dealers
10, 654
' 2,123
I 2,136
| 2,700
[ 2,458
1,056
179
2
4,082 (3)
156, 371
12, 230
27, 030
34,601
58,849
(3)
19,681
2,144
1,842
3,099
4,877
7,719
(3)
3,618
3,674
152
633
1,398
1,419
(3)
82
126
179
261
(3)
Retail trade — Continued
Gasoline service stations
25, 283
5,756
6,373
7,568
4,755
794
37
437
142
(3)
66,096
27,144
3,082
2,486
(3)
16,430
15,818
7,385
6,977
812
644
(3>
4,026
23-
115
(3)
(3)
(3)
Retail trade — Continued
Other retail trade
66,065
53,983
10,889
10,577
12,810
12,327
6,652
718
7
3
12, 082
98
118
(3)
192
32
195, 221
186, 097
8,171
9,691
(3)
70, 207
69, 171
20, 912
9,124
53,668
50, 527
2,228
3,316
(4)
17, 022
19, 257
6,776
3,141
13,192
13,478
77
375
(3)
4,346
6,004
2,369
'286
3,479
3,245
260
235
(3)
1,067
1,043
515
758
106
90
(3)
252
213
77
Finance, insurance, and real estate
145, 653
63,943
31,090
21, 545
15,847
9,714
3,083
302
129
56, 977
1,332
238
197
202
302
270
78
29
16
365, 659
323, 524
2,044
3,043
9,278
19, 663
25,277
45, 382
44,411
174,426
42,135
357, 911
316, 285
2,044
3,043
9,278
18, 612
25, 148
42, 029
44,386
171, 745
41, 626
36,647
58,831
231
551
1,445
4,323
7,698
8,154
8,507
27, 922
'22,184
32,135
12, 630
734
881
2,014
3,922
1,590
949
841
1,699
19, 505
4,382
1,500
150
167
147
251
230
188
80
287
2,882
Nature of business not allocable
Total 8,242
(3)
(3)
(3)
(3)
(3)
(3)
Eating and drinking places
38, 105
' 10, 159
10, 038
, 10, 682
5,574
1,463
185
9,304
216
149
99, 392
93, 582
8,907
8,598
34,825
21, 922
19, 330
47, 836
45,176
4,384
4,265
10,451
10,355
7,939
305
520
2,558
2,155
3,026
4,107
3,552
481
512
716
690
Wholesale and retail trade not allocable
12, 030
9,446
2,792
1,488
1,913
1,847
1,214
187
5
2,584
(3)
36, 317
34,439
34, 853
(3)
7,087
7,413
(3)
5,849
5,965
1,603
1,987
2,375
(3)
1,587
1,526
574
457
(3)
159, 360
131, 521
25, 053
22, 141
24,903
21, 387
22,137
14, 605
1,038
257
27, 839
5,456
4,677
490
297
507
879
1,041
1,293
124
46
779
761, 291
739, 976
9,536
12,406
29,620
57,715
141, 060
264,019
95,589
130, 031
21,315
664, 869
648, 610
8,390
9,649
24, 539
46,204
114, 393
234, 005
83, 322
128,108
16, 259
258,984
263, 166
344
1,023
3,772
12, 805
35, 190
113,594
38,701
57, 737
'4, 182
25, 242
1,358
943
2,347
3,904
7,078
6,649
1,472
1,491
4,984
14
23
40
35
(3)
1,115
848
158
277
181
55
95
61
(3)
376
235
581
572
1,127
1,284
230
177
1,668
Net loss.
2Net loss exceeds net profit.
3No reliable estijnate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
See tablel2for a complete listing of the industrial groups.
U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
ACTIVE PARTNERSHIPS WITH ADDITIONAL FIRST- YEAH DEPRECIATION
Table 21.— NUMBER OF PARTNERSHIPS WITH ADDITIONAL FIRST -YEAR DEPRECIATION, BY SELECTED INDUSTRIES AND SIZE OF DEPRECIATION
79
Selected industry
Number and amount, by size of additional first-year depreciation
Number of
partner-
ships
(Thoueand
dollmra)
Under $2,000
Number of
partner-
ships
(Thousand
dollar a)
$2,000 under $3,000
Number of
partner-
ships
(Thousand
dollar*)
$3,000 under $4,000
Number of
partner-
ships
(Thousand
dollar*)
$4,000 under $5,000
Number of
partner-
ships
(Thousand
dollar a)
$5,000 i
Number of
partner-
ships
(Thou a and
dollars)
All industries
Agriculture, forestry, and fisheries.
Mining
Construction
Manu f ac turing .
Food and kindred products, including
beverages ,
Printing, publishing, and allied industries.
Machinery, except electrical and transpor-
tation equipment ,
Other manufacturing industries ,
Transportation, communication, water supply
and sanitary services
Wholesale and retail trade.
Wholesale trade
Retail trade
Grocery stores, meat, fish, fruit, and
vegetable markets
General merchandise
Apparel and accessories
Automotive dealers
Gasoline service stations. .
Eating and drinking places.
Building materials
Other retail trade
Wholesale and retail trade not allocable...
Finance, insurance, and real estate.
Real estate operators (except developers)
and lessors
Other finance, insurance, and Teal estate..
Services
Lodging services..
Personal services.
Laundries, laundry services, and cleaning
and dyeing plants
Other personal services
Business services
Medical and other health services
Legal services
Accounting, auditing, and bookkeeping
services
Other services
Nature of business not allocable.
(i)
20,948
3,482
490
1,207
2,389
286
465
386
1,252
479
5,134
877
3,964
618
219
253
187
633
913
74
1,067
293
2,267
1,773
494
5,456
422
887
501
386
620
1,057
623
959
<>)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
31, 028
16, 327
8,636
1,782
4,227
2,410
2,789
5,499
1,402
2,274
4,504
607
549
920
2,428
1,053
5,639
1,314
3,984
667
501
185
197
218
1,115
109
992
341
4,382
3,744
638
6,250
944
1,346
969
377
1,038
898
611
327
1,086
f1)
2,685
282
843
1,686
177
368
237
904
270
4,305
707
3,360
533
163
232
163
608
700
60
901
238
1,635
1,198
437
4,577
279
637
312
325
481
919
840
616
805
1,835
248
379
127
209
156
496
140
2,068
367
1,588
316
98
103
77
155
361
26
452
113
702
564
138
2,252
240
412
241
171
170
377
338
277
438
359
66
119
25?
t1)
411
77
321
t1)
t1)
(l)
f1)
108
2
121
f1)
143
10
337
46
135
f1)
f1)
867
162
285
591
t1)
196
206
943
177
737
t1)
f1)
t1)
t1)
265
4
259
t1)
334
25
834
112
332
(»)
t1)
191
39
28
123
117
18
78
78
5
168
28
30
505
27
87
435
111
106
78
140
392
63
259
21
19
27
15
249
18
596
101
108
72
158
39
7
111
108
21
32
76
16
1
6
53
122
18
95
12
2
6
2
1
65
1
6
81
23
161
41
45
20
25
28
3
t1)
<x)
1No reliable estimate of the sampling variability can be obtained from the sample. Data,
NOTE: See text for explanatory statements and "Description of the Sample and Limitations
See table 12 for a complete listing of the industrial groups.
however, are included
of the Data. "
in the totals.
478
83
129
347
27
247
189
113
185
249
28
16
41
164
527
179
76
57
412
110
49
19
9
44
24
2
8
7
4
_
289
14
5
11
24
13
39
12
432
292
341
273
91
19
667
213
165
28
197
40
96
34
101
6
112
71
_
16
14
18
_
3
179
37
(12)
12,966
1,814
882
1,394
2,143
224
117
463
1,339
501
1,709
631
988
170
362
18
73
114
74
177
90
2,622
2,256
366
1,901
326
297
258
39
625
172
181
38
262
80
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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82
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
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BASIC TABLES
CORPORATIONS
Page
25. Number of returns, total compiled receipts, business receipts,
depreciation, net income, inventory, and total assets, by in-
dustrial group 88
26. Number of returns, total compiled receipts, business receipts,
and net income, by selected industries and size of business
receipts 90
27. Number of returns, total compiled receipts, business receipts,
net income, and depreciation, by selected industries and size
of net income 96
28. Number of returns, net income, and total assets, by industrial
division and size of total assets 104.
29. Active corporation returns: Balance sheets and income state-
ments by major industrial group 105
30. Active corporation returns with net income: Balance sheets
and income statements by major industrial group 113
31. Number of returns, total compiled receipts, business receipts,
and net income by percent of net income to business receipts,
by industrial division 121
SMALL BUSINESS CORPORATION RETURNS, FORM 1I20-S
32. Number of returns, total compiled receipts, business receipts,
and net income, by industrial division and size of business
receipts 123
33. Number of returns, total compiled receipts, business receipts,
net income, and depreciation, by industrial division and size
of net income 124
34. Number of returns, business receipts, depreciation, and net
income, for corporations with additional first-year deprecia-
tion, by selected industries 126
87
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
ACTIVE CORPORATION RETURNS
Table 25.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, INVENTORY, AND TOTAL ASSETS,
BY INDUSTRIAL GROUP
Industrial group
All industrial groups
Agriculture, forestry, and fisheries
Mining
Metal mining
Bituminous coal and lignite mining
Crude petroleum and natural gas
Mining and quarrying of nonmetallic minerals and anthracite mining..
Construction
General building contractors
Highway and street construction, and heavy construction
Special trade contractors
Contractors not allocable
Manufacturing
Beverage industries
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished products made from fabrics and similar
materials
Lumber and wood products, excluding furniture
Furniture and fixtures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Petroleum refining and related industries
Rubber and miscellaneous plastics products
Leather and leather products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products (including ordnance), except machinery and
transportation equipment
Machinery, except electrical and transportation equipment
Electrical machinery, equipment, and supplies
Transportation equipment, except motor vehicles
Motor vehicles and motor vehicle equipment
Professional, scientific, and controlling instruments; photographic
and optical goods ; watches and clocks
Other manufacturing industries
Transportation, communication, electric, gas, and sanitary services...
Transportation
Communication
Electric and gas companies and systems
Water supply and otner sanitary services
Wholesale and retail trade
Wholesale trade
Groceries and related products
Electrical goods, hardware, plumbing and heating equipment, and
supplies
Other wholesalers
Retail trade
Food
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers and gasoline service stations
Eating and drinking places
Building materials, hardware, and farm equipment
Other retail stores
Wholesale and retail trade not allocable
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Holding and otner investment companies
Security and commodity brokers, dealers, exchanges, and services..-.
Insurance carriers
Insurance agents, brokers, and service
Real estate, except lessors of real property other than buildings...
Lessors of real property, except buildings
Services
Hotels, rooming houses, camps, and other lodging places
Personal services
Business services
Automobile repair, services, and garages, and other repair services.
Motion pictures
Amusement and recreation services, except motion pictures
Other services
Nature of business not allocable
Returns with and without net income
All active corporation returns
Number of
returns
(i)
17,139
13,017
1,035
1,828
6,873
3,281
72,332
21,672
9,901
38,392
2,367
165,862
3,147
14,825
168
5,888
16,758
8,445
6,084
3,193
19,657
9,015
879
3,9<.2
2,745
7,791
4,545
17,518
17,708
7,208
2,066
1,697
2,823
9,760
43,852
33,491
5,431
1,299
3,631
355,623
117,437
14,073
13,671
89,693
217,269
13,896
14,399
27,327
21,980
37,946
31,381
24,655
45,685
20,917
334,388
15,205
51,795
10,866
2,986
3,981
17,937
223,884
7,734
121,024
11,704
21,878
32,360
18,883
6,908
14,471
14,820
17,337
Total
compiled
receipts
(Thousand
dollar*)
(2)
849,131,939
4,402,207
10,925,775
2,201,941
2,006,581
4,876,115
1,841,138
32,893,347
11, 091, 370
9,276,354
12,249,277
276,346
371,093,042
8,423,232
50,925,227
4,965,434
13,763,762
12,540,091
7,409,953
5,157,614
11,8 15,573
13,745,074
26,971,703
39,445,659
7,874,535
4,072,881
10,576,456
27,256,998
19,426,655
26,567,155
23,327,362
16,991,374
26,698,514
6,388,901
6,668,889
65,921,988
30,581,094
15,388,999
19,521,181
430,714
269,581,271
132,444,133
23,832,028
13,381,180
95,230,925
128,013,664
30,967,852
24,994,758
8,567,756
6,011,586
31,933,153
5,240,186
8,051,751
12,246,622
9,123,474
70,841,547
13,175,516
8,195,088
2,231,253
821,899
35,301,186
1,605,134
9,109,921
401,550
23,346,783
2,834,297
3,170,806
7,801,246
2,506,611
2,700,946
125,979
Business
receipts
(Thovaand
dollar*)
(3)
802,790,920
4,214,621
10,408,286
2,124,015
1,938,741
4,572,461
1,773,069
32,361,892
10,914,832
9,034,885
12,140,939
271,236
364,611,950
8,315,555
50,506,739
4,948,121
13,592,873
12,461,774
7,117,448
5,111,780
11,641,305
13,413,261
26,269,024
37,914,704
7,765,255
4,044,972
10,395,731
26,924,751
19,169,146
26,053,720
23,030,288
16,876,580
26,196,912
6,296,329
6,565,682
64,132,467
29,279,355
15,164,268
19,274,231
414,613
265,362,564
130,636,700
23,586,360
13,224,202
93,826,138
125,786,529
30,776,452
24,506,526
8,349,310
5,724,760
31,402,705
5,147,016
7,893,324
11,986,436
8,939,335
39,476,590
1,725,045
2,336,961
197,342
237,375
28,942,935
1,498,099
4,478,380
60,453
22,106,222
2,499,948
3,128,297
7,510,092
2,345,348
2,227,512 2,070,601
2,105,365 1,970,360
2,581,576
Deprecia-
tion
(Thousand
dollar*)
(4)
22,159,675
116,328
178,203
719,555
118,025
114,600
359,438
127,492
627,039
105,633
350,659
163,049
7,698
9,838,599
204,691
760, 365
37,667
319,190
79,496
212,529
75,378
466,048
290,349
1,153,467
1,379,655
214,028
42,698
460,458
1,069,634
459, 350
859,852
477,633
254,868
712,839
175,292
133,112
5,246,373
1,942,259
1,084,070
2,170,565
49,479
2,125,202
701,667
105,190
58,475
538,002
1,320,453
299,274
322,142
87,496
53,196
164,123
149,372
89,475
155,375
103,082
1,986,848
279,674
94,294
16,564
7,700
192,113
24,919
1,340,997
30,587
1,433,168
227,598
138,752
347,361
382,632
96,106
189,238
51,481
4,688
Net income
(less
deficit)
( Thouaartd
dollar*)
Inventory
end-of-year
(Thousand
dollar*)
43,505,174
37,334
738,864
143,006
30,291
4o3,812
81,755
379,212
96,321
154,226
128,934
2269
22,144,790
477,808
1,707,644
566,624
614,595
262,956
184,977
151,288
995,885
904,837
3,193,377
1,666,924
413,376
115,996
878,953
1,780,801
813,194
1,791,708
1,307,653
341,178
3,086, 522
594,490
294,004
6,592,116
843,057
2,826,948
2,854,035
68,076
4,525,610
2,129,626
205, 885
212,386
1,711,355
2,225,003
553,153
1,022,303
138,183
39,717
82,068
57,943
80,944
250,692
170,981
8,250,426
2,939,544
790,989
1,598,787
117,520
1,641,403
133,245
916,580
112,358
849,352
17,495
104,669
391,471
64,485
97,620
62,543
111,069
a12,530
(6)
91,334,436
1,206,662,112
471,930
921,278
328,153
90,207
326, 114
176,804
1,643,020
686,688
202,496
741,939
11,897
55,763,129
1,298,603
4,306,873
2,552,799
2,632,510
1,697,748
1,154,121
733,270
1,475,652
1,051,363
4,102,692
3,109,015
1,360,823
611,086
1,387,882
5,385,625
3,251,384
6,108,378
4,175,895
3,489,140
3,335,498
1,356,248
1,186,524
3,092,853
903,002
807,861
1,364,849
17,141
28,434,238
12,202,641
1,251,859
1,724,152
9,226,630
15,128,445
1,800,032
3,680,655
1,538,862
1,026,813
3,576,942
143,307
1,588,992
1,772,842
1,103,152
141,292
59
23,367
2,433
154
4,868
960
91,218
18,233
856,170
71,466
105,277
177,732
115,989
311,758
29,716
44,232
10,526
Total
assets
( Thousand
dollars)
(7)
4,062,591
16,949,154
4,323,711
2,315,566
7,897,816
2,412,061
15,367,159
5,364,524
4,968,889
4,881,783
151,963
262,308,383
5,373,340
18,1 L5.68 ■
3,462,644
9,150,716
4,623,075
5,603,576
2,521,052
10,447,092
S,824,925
24,242,698
41,885,430
5,162,660
1,969,050
8,937,254
26,762,677
12,226,885
21,088,457
15,080,648
9,571,813
17,566,976
4,863,060
4,328,666
144,774,460
48,588,879
30,868,862
63,228,843
2,087,876
92,218,645
42,857,239
4,412,011
4,897,700
33,547,528
45,480,664
5,696,094
12,805,417
3,980,110
3,425,654
7,772,080
1,984,377
4,262,839
5,554,093
3,880,742
650,590,826
303,986,283
112,388,249
24,742,847
4,136,767
150,224,322
2,041,475
49,851,870
3,219,013
19,853,108
4,019,029
1,756,482
5,561,379
2,177,392
2,660,326
2,321,540
1,356,960
537,786
Form 1120-S returns
Number of
returns
2,508
1,009
(M
197
544
217
8,290
2,277
773
5,069
171
14,240
349
1,108
2,209
847
616
235
1,858
510
(')
229
294
478
312
1,380
1,408
432
145
103
206
1,094
2,998
2,321
429
t1)
207
38,568
11,637
1,699
1,109
8,829
24,650
1,432
1,034
2,833
2,621
4,382
3,071
3,207
6,070
2,281
10,368
93
662
(l)
169
(l)
2,329
6,959
106
11,760
1,363
2,739
2,508
2,017
455
1,301
1,377
480
Net in-
come 'less
deficit )
(Thousand
dollar*)
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data".
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE CORPORATION RETURNS
89
Table 25.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, INVENTORY, AND TOTAL ASSETS,
BY INDUSTRIAL GROUP— Continued
Industrial group
Returns with net income
All active corporation returns
Number of
returns
Total
compiled
receipts
(Thouaand
dollars)
Business
receipts
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Net
income
(Thousand
dollars)
Inventory
end-of-year
(Thousand
dollara)
Total
assets
(Thousand
dollara)
Form 1120-S returns
Number of
returns
Net
income
(Thousand
dollara)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
All industrial groups
Agriculture, forestry, and fisheries
Mining
Metal mining
Bituminous coal and lignite mining
Crude petroleum and natural gas
Mining and quarrying of nonmetallic minerals and anthracite mining, ■
Construction
General building contractors
Highway and street construction, and heavy construction
Special trade contractors
Contractors not allocable
Manufacturing
Beverage industries
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished products made from fabrics and similar
materials
Lumber and wood products, excluding furniture
Furniture and fixtures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products*
Petroleum refining and related industries
Rubber and miscellaneous plastics products
Leather and leather products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products (including ordnance), except machinery and
transportation equipment
Machinery, except electrical and transportation equipment
Electrical machinery, equipment, and supplies
Transportation equipment, except motor vehicles
Motor vehicles and motor vehicle equipment
Professional, scientific, and controlling instruments; photographic
and optical goods; watches and clocks
Other manufacturing industries
Transportation, communication, electric, gas, and sanitary services...
Transportation
Communication
Electric and gas companies and systems
Water supply and other sanitary services
Wholesale and retail trade
Wholesale trade
Groceries and related products
Electrical goods, Hardware, plumbing and heating equipment, and
supplies
Other wholesalers
Retail trade
Food
General merchandise
Apparel and accessories
Furniture, home furnishings, and equipment
Automotive dealers and gasoline service stations.
Eating and drinking places
Building materials, hardware, and farm equipment
Other retail stores
Wholesale and retail trade not aLLocable
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Holding and other investment companies
Security and commodity brokers, dealers, exchanges, and services....
Insurance carriers
Insurance agents, brokers, and service
Real estate, except lessors of real property otuer than buildings...
Lessors of real property, except buildings
Services
Hotels, rooming houses, camps, and other lodging places
Personal services
Business services
Automobile repair, services, and garages, and other repair services.
Motion pictures •
Amusement and recreation services, except motion pictures
Other services
Nature of business not allocable
670, 239
724,451,248
685, 691, 937
18, 565, 763
50, 382, 345
1, 021, 529, 338
56,123
9,746
5,735
209
801
3,083
1,642
39,049
10,830
5,888
21, 535
796
103, 567
2,089
9,866
116
3,658
10,607
4,557
3.499
2,274
12,385
5,668
654
2,351
1,727
4,971
2,761
10,742
11,355
4,349
1,106
1,133
1,598
5,601
26,331
19,855
3,579
986
1,911
214,638
79,977
9,487
9,774
60,716
122,675
7,984
8,605
16,511
12,203
19,719
14,106
14,564
28,983
11,986
204,991
14,074
28,836
7,294
1,600
2,732
11,662
134,136
4,657
64,026
5,323
11,649
19,208
10,863
3,229
5,537
8,217
2,156
3,083,051
8,502,316
1,998,720
1,467,645
3,695,423
1,340,528
24,066,658
8,136,351
6,871,064
8,902,970
156,273
328, 898, 102
7,642,218
45,123,406
4,932,345
12,163,719
10,623,828
5,271,540
4,077,670
11, 112, 368
11,560,665
25,695,096
37,590,890
7,095,774
3,231,994
9,309,285
24,522,789
15,854,223
23,320,361
20,838,631
11,306,956
25,879,400
5,999,376
5,740,568
56,958,988
22,140,555
15,211,047
19,214,739
392,647
223,220,369
113,577,146
20,242,510
11,211,902
82,122,734
102,348,725
27,607,568
23, 397, 350
6,319,587
4,197,454
20,824,723
3,608,035
5,944,984
9,949,024
7,294,498
61,550,474
12,488,133
4,574,836
2,087,451
743,201
33,132,117
1,342,778
6,844,418
345,540
18,080,535
1,741,065
2,424,038
6,824,068
1,818,234
1,620,051
1,441,927
2,211,152
82,755
2,939,554
8,095,143
1,930,931
1,413,374
3,463,255
1,287,583
23,661,837
8,007,240
6,679,323
8,821,942
153,332
322, 916, 749
7,545,113
44,758,632
4,916,214
12,010,889
10,557,004
5,032,153
4,039,531
10, 866, 704
11,279,148
25,006,666
36,097,982
6,992,796
3,209,108
9,149,301
24,213,181
15,638,548
22,859,21a
20,568,302
11,223,936
25,392,727
5,910,495
5,649,105
55,549,108
21,170,429
14,988,962
19,012,406
377,311
219,777,821
112,001,862
20,020,471
11,080,839
80,900,552
100,637,991
27,443,722
22,955,153
6,648,396
3,997,399
20,468,035
3,547,313
5,825,457
9,752,516
7,137,968
35,496,553
1,685,076
1,906,058
167,791
218,532
26,978,977
1,244,452
3,243,779
51,888
17,180,545
1,529,627
2,391,459
6,591,847
1,691,622
1,500,132
1,344,530
2,131,328
74,627
109,046
486,830
91,231
75,768
228,672
91,159
416,844
69,412
239,680
105,279
2,473
8, 811, 076
179,701
666,876
37,213
280,335
64,377
151,173
55,304
434, 577
251,747
1,104,355
1,304,800
191,600
32,356
406,512
948,357
374,971
764,385
417,924
173, 029
693,322
166,227
111,935
4,643,258
1,401,539
1,064,279
2,134,328
43,112
1, 686, 017
571, 565
85, 369
47,002
439, 194
1, 034, 069
259, 332
295,585
65,350
34,877
103,262
92,962
62,842
119,859
80,383
1,456,072
270,824
46,597
14,455
6,636
181, 304
20,023
894,135
22,048
954,085
126,882
97,760
267,574
271,076
56,003
95,857
38,933
2,535
199,291
1,259,942
399,840
70,080
661,987
128,035
837,697
214,961
319,660
296,334
6,742
24, 188, 610
503,184
1,852,573
571,351
700,529
339,190
297,944
221,959
1, 030, 340
988,534
3,283,049
1,689,330
473,386
151,997
948,267
1,908,659
995,692
2,086,160
1,499,158
542,049
3,108,891
638,226
353,142
7,530,399
1,347,179
2,936,484
3,172,662
74,074
5,877,147
2,646,567
269,651
271,649
2,105,267
2,989,266
614,414
1,086,665
215,944
127, 342
292,314
137,082
171,152
344,353
241,314
9,163,412
2,982,164
953,294
1,613,940
130,753
1,765,901
152,978
1,437,995
126,387
1,313,102
117,269
142,410
480, 396
112,720
159,667
147,019
153,621
12,745
287,101
709,236
289,747
67,650
252,235
99,604
1,097,098
434,668
129,794
525,735
6,901
48,923,373
1,186,293
3,916,096
2,539,681
2,310,744
1,434,725
829,767
546,668
1, 371, 267
890,085
3,901,902
2,929,881
1,227,809
460,618
1,221,797
4,814,403
2,621,872
5,273,684
3,633,256
2,380,303
3,176,526
1,270,151
985,845
2,768,913
605,014
802,607
1,345,425
15,867
22,587,098
10,178,742
1,063,499
1,408,332
7,706,913.
11,594,409
1,613,348
3,387,678
1,149,175
660,206
2,226,611
97,823
1,095,989
1,363,579
813,947
74,921
59
21,767
2,386
154
4,868
375
31,862
13,450
587,847
40,847
85,677
154,155
81,881
179,768
12,409
33,110
3,896
2,503,061
11,870,119
3,218,491
1,732,269
5,271,198
1,648,161
10,839,296
3,714,175
3,497,463
3,561,301
66,357
235, 006, 313
4,904,974
16, 630, 013
3,428,305
8,136,041
3,885,311
4,100,181
1,954,497
9, 738, 633
7,501,764
23,142,840
39,921,935
4,672,103
1,549,833
7,933,473
24,061,461
9,981,774
18,129,283
13,331,893
6,658,526
17,076,143
4,599,731
3,667,599
127,803,968
34,371,645
30,489,465
61,046,939
1,895,919
75,884,771
36,596,212
3,739,653
4,060,725
28,795,834
36,256,172
5,053,699
11,980,574
3,103,223
2,336,667
4,989,859
1,293,341
3,075,510
4,423,299
3,032,387
543,582,161
288,356,087
46,495,050
23,146,350
3,843,216
145,128,801
1,721,705
32,487,621
2,403,331
13,895,142
2,203,235
1,340,849
4,685,848
1,587,582
1,784,062
1,264,810
1,028,756
144,507
1,251
531
0)
115
252
134
5,197
1,234
498
3,380
85
8,970
232
735
1,384
467
301
184
1,215
315
f1)
144
141
278
177
920
916
(M
103
774
1,777
1,346
288
t1)
113
25,171
8,477
1,209
864
6,404
15,132
903
615
1,664
1,593
2,353
1,637
2,218
4,149
1,562
6,427
(l)
457
<l>
87
I1)
1,712
4,026
(M
6,664
568
1,553
1,574
1,185
239
592
953
(18)
20,755
11,583
t1)
2,096
4,019
3,869
57,551
13,652
7,048
36,288
563
161,299
7,336
20,364
4,966
16,288
13,404
5,024
2,821
15,778
5,991
O)
2,584
6,868
4,457
4,295
11,684
20,296
5,760
t1)
1,628
2,826
6,859
27,019
19,932
5,283
I1)
1,655
254,970
114,639
17,539
10,903
86,197
127,170
9,075
4,860
8,942
12,342
26,478
10,627
23,342
31,504
13,161
75,549
(')
9,616
(>)
1,749
(M
17,753
41,273
t1)
68,440
7,070
17,093
15,183
10,176
2,174
5,483
11,261
*No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
2Deficit.
NOTE; See text for explanatory statements and "Description of the Sample and Limitations of the Data".
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U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
103
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104
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE CORPORATION RETURNS
Table 28 . —NUMBER OF RETURNS, NET INCOME, AND TOTAL ASSETS, BY INDUSTRIAL DIVISION AND SIZE OF TOTAL ASSETS
Size of total assets
Returns with and without net income
Number of
returns
Net income
(less
deficit)
< Thousand
dollara)
Total assets
( Thousand
dollara)
Number of
returns
Net income
(less
deficit)
(Thouaand
dollara)
Total assets
1 Thouaand
dollara)
Number of
returns
Net income
(less
deficit)
{ Thousand
dolUta)
Total assets
(Thouaand
dollara)
All industrial divisions
Agriculture, forestry, and fisheries
Mining
Active corporation returns, total.
Zero assets
$1 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
Active corporation returns, total.
Zero assets
$1 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
Active corporation returns, total-
Zero assets
$1 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
Active corporation returns, total
Zero assets
$1 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
1,1*0,574
45,135
260,116
169,047
190,316
229,142
105,174
54,991
34,173
13,810
8,280
5,803
2,109
1,145
766
567
49,585
1250,992
'68,201
379,628
1,212,951
1,223,117
1,383,933
2,023,806
1,707,950
1,853,031
2,916,453
2,304,324
3,083,108
4,658,898
21,027,583
1,206,662,112
2,974,999
6,140,921
13,694,285
36,392,298
36,621,699
38,202,870
52,626,689
48,317,885
57,818,073
89,390,197
72,959,683
79,744,587
119,481,092
552,296,334
497
3,170
2,445
3,624
4,200
1,814
838
402
92
34
19
2
1
'839
1,808
1,832
3,120
11,427
17,193
17,494
11,273
11,038
4,834
6,964
3,923
6,129
'58,862
4,062,591
36,088
91, 511
264,203
680,420
633,897
565,655
583,828
307,453
224,610
255,775
61,636
50,001
752
2,861
1,589
1,654
2,398
1,530
953
652
273
159
103
41
21
19
12
'3,941
'12,855
'5.177
'942
'5,308
'7,328
'129
5,483
22,660
'5,354
45,066
51,397
126,121
88,347
440,824
16,949,154
25,642
57,475
121,457
392,390
556,264
685,138
1,005,493
931,893
1,102,315
1,652,633
1,449,881
1,512,793
2,746,061
4,709,719
Construction
Manufacturing
Transportation, communication, electric,
gas, and sanitary services
2,682
22,551
11,013
11,562
13,642
5,741
2,873
1,588
412
156
75
28
'2,318
'25,753
'3,904
15,531
56,961
53,792
45,062
70,260
36,359
39,873
43,036
42,183
31,985
'23,855
15,367,159
223,037
400,885
827,847
2,162,959
2,017,364
2,018,673
2,376,769
1,418,995
1,075,710
1,127,367
942,241
586,274
189,038
4,171
32,016
21,029
25,194
35,228
20,233
12,107
8,880
3,129
1,665
1,156
449
301
179
125
47,493
'48,664
'22,002
39,097
219,093
324,112
481,629
968,567
832,346
994, 2U1
1,601,468
1,360,073
1,840,735
2,621,371
10,885,271
262,308,383
43,852
356,410
773,466
1,831,728
5,655,315
7,089,346
8,515,298
13,680,888
10,853,008
11,651,017
17,852,122
15,405,421
20,927,677
28,723,259
118,993,428
1,531
13,664
7,050
6,819
6,728
3,187
2,038
1,359
548
319
223
106
81
90
109
6,592,116
'11,905
'10,938
'89,872
25,204
48,753
45,816
79,348
112,776
113,525
130,906
116,942
129,227
246,814
626,940
5,028,580
144,774,460
154,021
252,775
475,994
1,056,452
1,124,743
1,436,597
2,076,366
1,944,919
2,274,190
3,418,913
3,748,427
5,840,695
14,529,153
106,441,215
Wholesale and retail trade
Finance, insurance, and real estate
355,623
9,877
82,436
58,165
67,740
80,1A6
32,260
15,041
6,815
1,753
780
399
118
40
34
19
4,525,610
'7,132
'104,262
'16,718
123,205
435,123
404,385
431,666
453,980
296,486
264,323
381,224
217,877
217,060
434,102
994,291
92,218,645
334,388
944,535
2,118,464
4,887,657
12,676,779
11,146,427
10,332,945
10,151,628
6,015,937
5,382,270
6,059,246
4,019,474
2,784,250
5,131,067
10,567,966
16,758
63,648
47,216
55,199
68,682
33,338
17,906
13,038
7,163
4,974
3,718
1,332
683
433
300
8,250,426
36,930
'5,170
51,214
119,471
339,518
308,309
250,103
328,344
316,104
362,756
588,622
420,719
583,149
814,380
3,735,977
Nature of business not allocable
650,590,826
711,677
1,711,482
3,980,532
10,937,328
11,648,779
12,355,601
20,559,824
25,326,469
34,788,222
57,361,612
46,247,784
47,383,472
66,558,833
311,019,211
4,753
49,859
18,987
17,777
17,525
6,817
3,132
1,390
430
191
109
33
10
10
1
849,352
761
'40,980
15,135
54,615
105,908
77,486
78,114
75,937
79,467
61,595
132,159
78,925
31,115
97,613
1,502
19,853,108
472,349
678,107
1,257,599
2,746,694
2,320,341
2,215,106
2,117,113
1,484,579
1,305,202
1,650,312
1,084,819
659,425
1,603,681
257,781
;Form 1120-S, all industrial divisions2
4,114
9,911
1,553
747
593
254
103
49
10
2
1
'12,530
'9,464
'4,178
1,291
327
1,476
'648
646
'2,814
'35
'103
972
90,221
51,240
56,756
47,268
83,961
84,538
77,857
74,780
34,632
14,537
12,217
2,257
25,053
16,987
18,728
19,023
5,770
1,941
411
37
12
2
382,479
'2,461
'642
14,522
78,484
143,312
91,600
29,942
19,709
706
7,300
7
■,,,,,,,,,,,,,„„.„.i<.„.„.„.„...„„.„i„.„.,..,...,.........i
9,334,835 •
294,504
621,392
1,345,834
2,947,794
1,968,112
1,347,420
582,795
124,012
78,897
24,075
'Deficit.
2Data from Form 1120-S returns also are included in the distribution by industrial division.
NOTE: See text for explanatory statements and "Description of the Sample and Liailtations of the Data.
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 29 . —BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP
106
All
industrial
groups
Agriculture
forestry, and
fisheries
Major industrial group
Mining
Total
mining
Metal
mining
Bituminous
coal and
lignite
mining
Crude
petroleum
natural
gas
Mining and
quarrying of
nonmetallic
mine rals , anH
anthracite
mining
construction
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Number of returns,
Form 1120-S
1,140,574
90,221
17,139
2,508
13,017
1,009
1,035
(')
1,828
197
6,873
544
3,281
217
72,332
8,290
(Thomattd dollar*)
Total assets p., 206, 662, 112
Cash
Notes and accounts receivable
Less : Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable investments
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization.
Other assets
97,161,824
247,513,105
5,097,051
91,334,436
7,620,760
37,321,314
46,392,362
30,822,199
102,059,237
2,298.859
10,304,816
498,206
129,375,905
178,916,530
425,474,439
160,180,516
12,371,447
5,190,471
19,040,597
3,055,190
1,355,436
28,258,796
Total liabilities L, 206, 662, 112
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more...
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits.
Total compiled receipts
62,933,385
330,002,573
49,381,251
34,701,909
3,700,169
153,566,489
163,410,490
16,951,903
123,396,201
66,719,215
17,084,967
184,813,560
849,131,939
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss
Net long-term capital gain reduced by net short-term capital loss
Net gain, sales other than capital assets
Dividends, domes l.ic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
802,790,920
3,185,713
44,200
994,086
19,353,028
5,639,286
991,603
84,205
3,057,994
1,915,722
3,083,806
1,069,708
6,921,668
' 804, 632, 679"
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation.
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
577,039,064
14,526,765
8,989,432
7,006,714
2,849,149
14,622,156
21,129,646
482, 151
1,216,881
22,159,675
3,522,575
9,290,759
4,646,391
2,600,492
643,469
113,907,360
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income (less deficit) (71 less 79)
Statutory special deductions , total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77) .
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
44,499,260
43,505,174
43,122,695
3,567,979
1,285,527
2,040,685
47,246,572
21,866,299
22,632,961
382,479
17,193,201
1,965,587
4,062,591
254,525
549,679
4,850
471,930
9,916
164,417
297,597
6,149
34,430
4,610
49,667
8,439
27,386
442,343
2,419,051
1,153,814
45,206
9,506
740,100
8,168
1,644
170,722
4,062,591
298,955
1,218
582,052
98,875
32,318
746,233
154,972
73,613
1,196,423
216,526
56,784
604,622
4,402,207
671
15,149
32,285
7,816
1,043
53,412
10,099
6,718
342
58,570
4,364,202
3,022,983
121,113
75,161
62,196
8,237
60,076
86,446
1,489
1,134
178,203
4,311
21,014
6,519
6,576
1,517
707,227
38,005
37,334
35,627
27,152
21,868
5,284
152,994
57,526
219,521
1,707
50,447
6,485
16,949,154
1,074,495
2,272,882
14,088
921,278
10,217
403,863
507,198
140,967
762,256
19,773
285,482
18,482
31,725
2,204,332
12,663,063
6,115,663
3,558,581
1,619,454
202,318
343,770
94,581
293,536
16,949,154
1,104,127
351
746,051
864,512
143,972
2,853,953
559,500
275,539
2,792,290
2,362,978
241,871
5,004,010
10,925,775
28,838
15
2,292
38,027
34,371
89,085
3,151
92,275
18,004
74,159
6,363
130,909
10,184,619
6,067,937
155,882
57,615
164,695
23,421
161,098
308,792
5,481
98,276
719,555
892,938
23,527
67,976
100,164
21,602
1,315,660
741,156
738,864
734,690
236,218
123,100
60,280
1,019,625
504,784
236,372
4,174
813,638
62,849
182,115
412,595
934
328,153
5,709
197, 834
124,610
56,231
310,349
59
151,799
C1)
10,194
472,672
2,998,867
1,310,007
808,173
376,801
38,047
185,951
27,083
71,184
4,323,711
246,396
61,304
198,844
91,069
1,047,253
106,940
53,804
644,372
587,182
50,119
1,236,428
2,201,941
12,473
1
257
7,897
5,740
4,656
101
4,408
920
27,912
1,925
11,636
2,058,678
1,178,982
9,190
5,127
51,000
676
43,927
81,797
1,463
79,750
118,025
188,912
961
15,142
9,085
7,744
266,897
143,263
143,006
141,688
113,388
44,127
23,462
284,877
147,069
23,806
t1)
177,219
3,661
2,315,566
158,773
335,370
2,692
90,207
3,791
44,534
41,882
17,986
129,402
16,216
43,667
(M
568
269,362
1,837,242
904,016
410,589
163,662
24,168
4,080
749
48,160
2,315,566
153,969
89,708
82,260
(M
322,556
68,741
82,179
318,383
320,134
57,545
816,790
2,006,581
1,938,741
4,646
642
5,483
5,375
3,773
442
19,661
2,388
15,011
20
10,399
1,975,648
1,407,479
19 ,461
8,865
46,919
7,520
20,613
52,965
757
540
114,600
53,591
1,683
17,713
73,123
4,122
145,697
30,933
30,291
28,969
19,532
7,026
12,505
52,225
22,194
8,739
1,322
51,275
5,654
7,897,816
548,474
1,189,719
6,944
326,114
314
83,618
242,182
41,702
214,410
1,968
53,563
4,542
3,245
1,124,291
6,009,799
2,989,687
2,133,207
1,025,625
86,409
90,416
33,394
125,607
7,897,816
523,688
77
413,287
496,361
44,485
1,191,979
275,179
104,501
1,335,879
1,278,094
70,137
2,164,149
4,876,115
7,562
9
979
17,570
15,806
77,071
2,467
54,491
13,145
16,771
3,956
93,827
4,391,324
2,388,584
77,962
31,165
27,621
11,199
74,273
123,034
2,013
3,928
359,438
569,382
13,652
25,595
10,484
6,342
666,652
484,791
483,812
485,298
70,157
51,909
12,283
591,337
294,863
189,928
31,486
527,270
48,036
2,412,061
185,133
335,198
3,518
176,804
403
77,877
98,524
25,048
108,095
1,530
36,453
898
17,718
338,007
1,817,155
911,953
206,612
53,366
53,694
63,323
33,355
48,585
2,412,061
180,074
274
181,752
87,027
5,137
292,165
108,640
35,055
493,656
177,568
64,070
786,643
1,773,069
4,157
5
414
7,077
7,450
3,585
141
13,715
1,551
14,465
462
15,047
1,758,969
1,092,892
49,269
12,458
39,155
4,026
22,285
50,996
1,248
14,058
127,492
81,053
7,231
9,526
7,472
3,394
236,414
82,169
81,755
78,735
33,141
20,038
12,030
91,186
40,658
41,511
3,020
57,874
5,498
15,367,159
1,624,851
5,624,803
40,314
1,643,020
33,725
956,674
652,621
50,715
217,076
30,427
219.
34
57,
1,096,
5,410,
2,864,
70,
19.
295,
15,
3,
1,903,
15,367,159
4,152,690
9,785
1,515,904
887,466
97,041
1,549,474
1,831,287
153,642
1,961,682
378,768
57,042
2,772,378
32,893,347
8,517
171
2,947
31,864
79,969
3,007
1,665
73,598
12,359
15,447
3,872
298,039
32,511,188
27,155,785
1,067,422
149,288
147,040
52,409
146,009
462,323
11,016
2,558
627,039
9,142
71,888
70,541
99,023
5,107
2,434,598
382,159
379,212
351,860
69,374
58,734
8,867
711,230
297,143
85,016
27,352
115,567
37,126
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
106
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 29.— -BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Number of returns, total.
Form 1120-S
Other current assets, including short-term marketable investments
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land.
Intangible assets
Less: Accumulated amortization.
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bond, notes, mortgages payable maturing in less than one year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more..
Other liabilities
Capital stock, preferred
Capital stock, common
paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss
Net long-term capital gain reduced by net short-term capital loss
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Major industrial group — Continued
Manufacturing
Total
manufac-
turing
Total compiled deductions
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Deprec iation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
-L
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net Income (less deficit) (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduc tion
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
(9)
165,862
14,240
Beverage
industries
(10)
3,147
349
Food and
kindred
products
14,825
1,108
Tobacco
manufac-
tures
(12)
Textile
mill
products
5,888
395
Apparel
and other
finished
products
made from
fabrics and
similar
materials
(1A)
16,758
2,209
Lumber
and wood
products,
except
furniture
(15)
8,445
847
Furniture
and
fixtures
(16)
6,084
616
Paper and
allied
products
(17)
3,193
235
(ThAia— <* doi/.raj
262,308,383
15,373,199
44,319,601
941,789
55,763,129
6,659,311
21,408,999
27,694,819
1,279,748
11,006,774
592,078
3,778,040
75,584
218,312
31,092,632
169,961,045
84,277,487
6,944,618
2,913,173
3,680,976
1,789,364
983,921
5,549,653
262,308,383
24,165,774
11,085
10,704,290
16,217,422
551,515
33,177,078
8,411,605
6,401,339
44,645,893
23,784,589
3,692,315
90,545,478
5,373,340
374,286
816,971
11,772
1,298,603
282,482
496,008
520,113
17,479
204,081
4,578
77,912
606
1,328
523,407
3,138,255
1,420,869
9,841
1,082
104,658
28,597
5,663
212,124
371,093,042
364,611,950
456,559
1,336
55,313
525,342
650,895
469,240
22,928
879,156
44,307
974,747
788,907
,612,362
348,892,939
260,824,028
4,438,199
2,369,775
5,214,100
596,101
2,178,592
10,039,780
270,307
386,451
9,838,599
2,247,377
5,214,066
2,826,478
1,587,371
138,723
40,722,992
22,200,103
22,144,790
22,041,859
1,361,235
411,498
817,319
22,678,874
11,362,214
10,837,889
102,931
8,028,325
1,051,900
520,489
378
273,122
307,487
7,041
789,672
128,530
181,835
693,718
313,784
110,981
2,046,303
,423,232
,315,555
6,663
14
1,583
8,900
10,568
6,238
721
7,947
3,357
11,375
1,699
48,612
,680,409
83,922
29,486
59,678
5,670
48,947
,314,843
4,988
3,695
204,691
1,251
425,347
34,574
21,256
3,133
,021,951
479,391
477,808
471,993
16,026
6,164
9,462
480,130
242,478
236,913
5,815
154,020
17,265
18,615,689
1,341,697
3,542,858
72,997
4,306,873
384,108
1,594,730
2,328,035
80,460
403,734
23,530
372,035
12,218
32,353
1,673,987
11,602,517
5,517,450
13,600
3,406
415,275
32,355
4,869
360,919
18,615,689
2,041,511
1,663
1,291,973
1,146,104
42,224
2,070,167
473,371
623,302
3,411,721
878,351
221,595
6,413,707
50,925,227
15,488
70
4,535
45,350
39,697
14,395
967
49,446
7,366
20,695
59,043
161,436
49,213,048
39,957,480
387,155
235,169
393,607
70,917
183,509
613,718
23,639
4,213
760,365
4,757
1,020,048
185,590
134,946
21,395
5,216,540
1,712,179
1,707,644
1,690,703
49,512
31,273
16,580
1,784,926
891,967
820,212
16,941
483,364
56,133
3,462,644
115,313
256,978
4,277
2,552,799
898,714
479,661
1,174,424
1,948
20,102
131,477
629,637
283,183
14,530
1,843
1,465
15,598
91,101
454,563
226,066
(*)
512,503
31,331
182,757
573,675
166,956
88,546
1,135,136
4,965,434
570
13
92
2,699
663
5,698
5
441
11
1,408
322
5,391
4,398,718
2,795,629
11,733
4,053
9,499
1,635
33,096
994,738
3,124
93
37,667
263,786
33,429
7,145
1,015
202,076
566,716
566,624
566,624
2,337
1,238
1,099
569,011
295,299
271,417
159,038
33
9,150,716
576,424
1,773,102
29,047
2,632,510
195,879
988,663
1,447,968
25,440
236,183
17,987
80,569
2,934
17,843
807,200
5,623,200
2,822,853
984
696
54,888
15,200
2,185
141,033
816,383
982
550,415
467,524
19,098
928,058
185,738
266,135
1,581,090
495,767
76,798
3,762,728
13,763,762
13,592,873
8,244
21
1,191
21,849
20,473
15,104
260
25,110
1,877
13,176
2,053
61,531
13,147,976
10,837,263
183,195
77,641
124,868
17,897
92,236
248,741
11,931
2,078
319,190
619
95,135
47,881
26,026
14,702
1,046,573
615,786
614,595
612,426
53,267
42,267
11,000
641,750
319,023
296,763
2,169
144,455
24,232
4,623,075
424,426
1,428,268
28,676
1,697,748
32,283
830,332
835,133
4,623
32,339
5,586
67,160
5,767
4,873
318,562
1,008,158
514,546
2,667
1,304
26,973
16,380
1,058
125,129
4,623,075
1,011,440
15
502,806
349,375
26,014
325,183
119,526
132,821
799,539
172,579
14,438
1,169,339
12,540,091
1,247
263
5,696
5,920
9,769
194
9,056
944
4,080
373
40,775
12,276,872
9,849,576
341,609
125,704
20,367
16,940
55,261
196,242
6,878
568
79,496
219
119,003
30,687
49,134
953
1,384,235
263,219
262,956
252,742
20,275
17,445
2,819
302,284
137,865
125,354
10,214
39,700
16,591
301,121
880,529
16,553
1,154,121
76,934
480,849
596,338
12,102
162,789
7,331
77,983
4,820
32,263
497,302
3,032,331
1,506,985
759,543
51,502
94,774
6,341
660
155,926
5,603,576
446,742
480
437,418
225,488
34,515
846,343
124,059
98,586
1,091,655
498,281
32,750
1,767,259
7,409,953
7,117,448
923
14,859
11,640
4,551
647
190,551
9,678
4,430
104
50,072
7,224,053
5,536,495
144,053
33,914
54,602
14,773
65,562
156,555
2,826
4,389
212,529
230,009
30,767
16,893
17,035
4,177
699,474
185,900
184,977
175,070
16,824
13,784
3,028
272,623
93,077
92,823
9,907
101,885
22,712
219,436
649,390
17,484
733,270
32,719
378,448
322,103
19,082
56,822
2,342
42,039
2,978
2,024
136,728
1,077,925
509,251
13,981
4,865
39,893
8,680
3,913
51,975
2,521,052
317,155
480
197,811
177,003
18,892
222,554
66,536
57,248
474,359
99,560
13,112
876,342
5,111,780
447
4,081
3,524
1,576
192
3,917
70
1,540
2,167
26,283
5,005,879
3,762,976
146,257
54,283
26,863
16,053
25,427
98,246
4,364
318
75,378
147
68,493
19,785
20,453
800
686,036
151,735
151,288
151,725
5,127
3,878
1,249
211,925
101,444
50,291
3437
38,939
9,203
10,447,092
524,928
1,206,589
26,213
1,475,652
94,058
611,142
770,452
24,727
318,006
8,563
104 ,
1,
11.
1,239.
8,494
3,656
513.
94
122
10
3
171
10,447,092
651,382
45
199,620
553,922
32,333
1,833,050
186,100
265,231
1,753,496
1,083,081
50,095
3,838,737
11,895,573
11,287
12
3,690
18,831
15,672
8,053
1,903
105,782
1,466
16,978
27,474
43,120
10,895,998
7,983,898
129,294
70,083
266,104
10,979
88,774
245,013
11,270
10,156
466,048
22,904
102,402
83,035
38,552
2,364
1,365,122
999,575
995,885
993,303
28,162
13,959
14,203
999,770
485,523
514,052
2,582
302,433
48,894
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
ACTIVE CORPORATION RETURNS
Table 29.— BALANCE- SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
107
Major industrial group — Continued
Manufacturing — Continued
Printing,
publishing :
and allied
industries
Chemicals
and allied
products
Petroleum
refining
and related
industries
Rubber and
miscella-
neous
plastics
products
Leather
and
leather
products
Stone,
c lay , and
glass
products
Primary
metal
industries
Fabricated
metal products
(including
ordnance),
except
machinery and
transportation
equipment
Machinery
except
electrical
and trans-
portation
equipment
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
Number of returns, total.
Form 1120-S
19,657
1,858
9,015
510
t1)
3,942
229
2,745
294
7,791
478
,545
312
17,518
1,380
17,708
1,408
(Thousand dollmrt)
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
8,824,925
Other current assets, including short-term marketable invest-
ments*.
Loans to stockholders ,
Mortgage and real estate loans
Other investments
Depreciable assets ,
Less: Accumulated amortization and depreciation
Depletable assets
Less . Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization.
Other assets
Total liabilities
916,162
2,005,731
127,941
1,051,363
44,383
533,370
473,610
73,214
373,309
21,987
136,817
6,366
15,882
1,100,097
4,399,669
1,971,150
7,928
4,325
186,645
71,409
16,256
578,018
8,824,925
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more.
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
940,138
1,203
419,732
674,248
28,868
893,692
608,173
296,038
1,315,015
395,408
130,258
3,122,152
13,745,074
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital
loss.
Net long-terra capital gain reduced by net short-term capital
loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
14,397
63
2,734
17,523
33,411
23,926
193
31,449
1,528
37,633
8,102
160,854
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
12,837,503
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
8,908,415
435,764
142,474
61,628
46,802
69,888
260,464
19,112
3,637
290,349
446
90,949
100,663
45,189
5,956
2,355,767
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income ( less deficit) (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
907,571
904,837
896, 361
57, 363
29,328
27,918
913, 508
444,960
462, 611
8,476
212, 958
50,689
24,242,e.'J8
1,325,834
3,374,796
67,759
4,102,692
158,945
1,428,442
2,515,305
201,930
1,230,832
80,996
323,483
5,640
5,636
3,430,071
18, 085, 815
8,969,595
304,174
111,495
318, 500
120,019
47,551
528,680
24,242,698
1,691,115
158
546,871
1,637,611
86,447
3,393,854
525,620
739,169
3,665,808
3,617,600
250,315
8,088,130
26,971,703
26,269,024
49,147
52
6,768
39,551
29,260
119,833
1,212
61,673
847
203,056
96,930
94,350
23,771,558
15,620,884
269,619
153,617
457,332
39,597
169,016
451,061
35,784
48,776
1,153,467
96,226
1,039,814
309,351
89,346
5,587
3,832,081
3,200,145
3,193,377
3, 189, 801
203, 301
26, 812
172, 397
3,074,676
1, 568, 629
1, 631, 516
3,576
1,201,745
130,688
41,885,430
1,615,501
5,728,371
161,600
3,109,015
369,713
668,723
2,070,579
111,266
1,780,150
203,428
540,130
(')
21,757
8,635,963
34,512,933
17,771,720
3,962,445
1,962,842
629,957
1,167,441
807,322
570,498
41,885,430
4,406,633
23
421,520
1,239,666
15,339
4,591,107
1,234,848
293,703
10,297,833
5,313,871
722,935
13, 347,952
39,445,659
37,914,704
71,105
58
3,245
75,432
287,384
55,900
7,248
115,003
272
390,890
229,111
295,307
37,775,490
27,446,728
66,324
443,237
505,239
105,006
202,137
978,704
26,441
53,910
1,379,655
1,644,951
196,381
307,667
91,113
1,431
4,326,566
1,670,169
1,666,924
1, 666, 266
483,838
61, 474
331,618
1,208,951
606,887
1, 063, 282
I1)
1,447,167
233, 145
5,162,660
287,478
1,271,187
27,419
1,360,823
119,405
744,388
497,030
2,293
93,075
2,762
35,171
390
5,277
585,743
3,071, 914
1,661,295
2,946
444
65,246
13,279
6,247
60,481
5,162,660
501,778
1,321
177,317
360,430
19,173
981,614
81,564
123,066
599,894
438,839
134,492
1,743,172
7,874,535
4,912
38
150
9,310
7,554
4,301
7,128
320
7,581
42,350
25,556
7,461,009
5,395,742
96,461
72,728
117,873
28,450
47,225
269,647
4,754
1,625
214,028
284
144,366
63,403
36,264
10,230
957,929
413,526
413,376
411, 518
12,716
6,317
6,399
458, 280
231, 007
182, 519
1,858
130,557
35,411
1,969,050
165,109
576,614
10,675
611,086
33,612
234,372
343,102
6,027
28,181
710
22,722
1,189
2,052
237,026
577,952
306,450
193
16,165
778
341
40,712
139,226
124,280
13,848
225,191
40,114
63,862
351,244
108,906
40,024
606,740
775
26
267
3,249
2,767
577
14
2,223
235
1,666
19
16,091
3,956,618
3,166,627
85,857
30,490
20,062
8,844
24,338
76,163
2,845
176
42,698
815
46,091
16,976
15,220
1,251
418,165
116,263
115,996
111, 513
4,675
3,350
1,325
140, 570
67, 582
48,681
4,483
39,154
1,304
8,937,254
614,179
1,340,691
30,468
1,387,882
106,646
783,779
497,457
49,097
397,146
7,927
127,031
1,973
4,900
641,592
7,421,482
3,503,200
200,349
58,069
166,543
19,426
3,886
152,659
8,937,254
541,545
393
276,988
496,815
15,723
1,116,464
232,344
253,991
1,671,214
799,121
116,697
3,415,959
10,576,456
10,395,731
18,946
143
3,421
11,769
19,467
13,218
154
20,625
695
19,702
18,295
54,290
9,694,082
6,841,334
177,343
59,386
275,418
23,647
78,001
236, 587
7,265
11,601
460,458
84,118
77,796
75,435
40,618
4,466
1,240,609
882,374
878,953
876,496
24, 336
8,077
16, 256
919,697
461,441
420, 933
2,457
320, 794
47,049
26,762,677
1,299,152
2,635,748
49,463
5,385,625
1,855,240
1,449,229
2,081,156
115,195
1,123,688
9,113
398,310
3,397
13,797
2,325,873
24,758,671
12,635,796
996,782
577,592
475,163
22,000
5,513
468,527
26,762,677
1,622,076
624
522,033
1,448,246
22,500
5,126,787
871,153
1,042,006
3,961,926
1,792,717
495,217
9,857,392
27,256,998
65,763
59
6,671
42,589
17,262
16,033
322
39,126
862
62,881
13,819
66,860
25,469,526
19,201,520
202,509
95,520
1,422,865
19,512
259,972
654,349
21,551
119,590
1,069,634
143,528
120,552
338,399
228,260
13,160
1,558,605
1,787,472
1,780,801
1, 777, 594
107, 771
21, 455
54,406
1, 796, 832
917,004
870, 468
3,207
677, 105
37, 981
12,226,885
970,337
2,453,608
52,795
3,251,384
265,485
1,595,045
1,390,854
56,726
267,266
16,430
156,226
8,455
8,201
957,814
6,733,537
3,111,490
59,302
16,370
199,455
36,222
13,937
246, 514
12,226,885
1,194,337
326
658,797
760,540
42,560
1,436,357
293,042
286,808
2,143,198
790,760
88,520
4,531,640
19,426,655
10,521
471
2,618
19,595
22,785
1A,745
198
39,213
2,530
21,812
26,290
96,731
21,088,457
1,453,688
4,516,912
79,885
6,108,378
665,646
2,796,997
2,645,735
57,131
745,455
83,233
218,527
6,154
15,493
1,988,137
10,766,634
5,450,492
16,681
5,329
262,466
78,452
28,633
335,455
21,088,457
1,802,525
907
1,167,796
1,241,361
53,363
2,678,752
575,628
475,081
4,324,796
1,581,771
345,845
6,840,632
26,567,155
18,610,843
13,976,196
468,162
147,816
244,753
40,351
118,641
387,364
12,614
6,330
459,350
2,267
186,887
122,041
105,059
6,712
2,326,300
815,812
813,194
806, 383
33, 763
14,909
18,082
950, 843
459, 101
356, 711
6,811
276, 195
43, 314
27,491
73
3,189
61,908
58,874
75,018
876
78,246
5,588
44,955
52,545
iv-.. c":
24,772,258
17,292,943
514,983
167,315
336,516
43,824
207,354
606,105
20,437
13,933
859,852
7,819
271,945
251,283
136,264
29,399
4,012,286
1,794,897
1,791,708
1,773,923
85, 616
47,587
37, 992
1,980,572
986, 524
808, 373
17,785
530,468
96,016
Footnotes at end of table. See text for explanatory statements and for ^Description of the Sample and Limitations of the Data. "
691-248 O - 63 - 8
108
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 29.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Major industrial group— Continued
Manuf ac tur i ng — Cont inued
Electrical
machinery,
equipment,
and
supplies
Trans por-
talion
equipment,
except
motor
vehicles
Motor
vehicles
and motor
vehicle
equipment
Professional,
scientific, and
controlling
instruments;
photographic
and optical
goods; watches
and clocks
Other
manufac-
turing
industries
Transportation, communication,
electric, gas, and sanitary services
Total trans-
portation,
comnunicaf
tion,
electric,
gas, and
sanitary
services
Transpor-
tation
Communica-
tion
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
Number of returns , total r
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less : Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable investments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Deple table assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year....
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond premium)
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss.
Net long-term capital gain reduced by net short-term capital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debtB
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net Income (less derlcit) '71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77) .
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
7,208
432
2,066
145
1,697
103
9,760
1,094
43,852
2,998
33,491
2,321
5,431
429
(Thautmnd dollar*)
15,080,648 9,571,813 17,566,976
925,996
,702,805
47,098
,175,895
521,273
,769,099
,885,523
122,435
579,884
21,201
245,862
3,053
8,889
,630,458
,179,946
,023,318
5,375
2,879
127,174
47,556
13,782
391,196
74
686,252
,132,457
31,752
,926,927
,210,218
279,944
,137,523
,705,708
162,191
,526,834
23,327,362
23,030,288
26,183
23
4,746
39,713
18,578
43,124
3,736
31,140
2,138
13,410
41,306
72,977
22,014,963
,107,908
243,390
158,754
192,289
34,468
130,3a
596,111
17,896
20,890
477,633
447
384,719
235,454
128,714
3,306
,282,663
,312,399
,307,653
,308,879
43,539
32,277
11,174
,449.783
735,561
576,838
31,226
462,496
78,720
548,515
2,310,621
14,337
3,489,140
28,461
948,552
2,512,127
7,280
86,898
61,636
243,691
2,008
1,646
562,179
3,617,285
1,824,624
5,002
796
119,856
46,453
5,819
315,179
9,571,813
1,901,047
626
907,123
751,568
13,316
1,000,796
889,718
118,479
782,125
1,011,832
66,959
2,128,224
16,991,374
4,276
1
305
16,426
12,681
10,990
111
12,674
882
7,548
7,718
41,182
16,649,891
14,111,824
82,163
104,181
187,455
7,520
109,328
335,174
7,637
65,940
254,868
1,752
45,468
155,684
78,706
2,470
1,099,721
341,483
341,178
340,049
9,847
5,004
4,843
530,912
271,231
70,252
1,129
165,841
41,704
762,743
1,659,114
15,152
3,335,498
294,703
1,189,496
1,851,299
254,979
2,454,462
264
377,832
135
3,982
2,890,992
11,072,459
5,792,565
7,564
2,564
130,025
4,350
1,218
424,076
17,566,976
1,318,379
164,776
2,072,735
4,308
1,269,026
278,003
425,170
1,499,204
1,497,513
428,794
8,609,068
26,698,514
26,196,912
98,327
125
6,986
44,982
17,221
11,286
3,102
21,338
80
80,098
134,104
83,953
23,605,006
18,953,129
78,930
42,002
301,965
17,290
76,995
1,024,545
12,437
5,824
712,839
435
208,056
258,463
210,035
3,254
1,698,807
3,093,508
3,086,522
3,085,070
77,241
7,590
67,152
3,031,327
1,567,260
1,526,248
1,452
883,112
14,077
4,863,060
271,528
1,111,660
13,344
l,356,24e
144,713
733,717
477,818
17,495
322,809
8,418
60,245
1,006
3,668
374,235
2,267,346
1,069,057
509
93
53,107
24,309
5,107
78,078
4,863,060
336,570
318
319,655
512,401
7,885
569,414
154,688
62,120
832, 592
656,386
52,066
1,358,965
6,388,901
10,912
37
989
7,459
6,376
11,187
32
9,092
272
3,364
20,607
.■■■,.■■■■■
5,793,422
3,842,151
94,190
53,048
77,599
6,382
44,897
153,444
8,260
5,292
175,292
44
151,963
100,702
39,718
1,133
1,039,307
595,479
594,490
592,354
6,934
4,206
2,728
627,297
319,323
276,156
2,136
172,695
32,937
4,328,666
339,346
1,077,058
36,834
1,186,524
53,909
673,957
458,658
18,819
89,563
4,056
58,326
5,131
5,232
404,194
1,888,764
954,921
60,753
12,847
57,112
17,881
5,033
4,328,666
477,045
1,069
388,476
312,095
16,306
439,567
101,301
133,987
684,268
365,798
49,687
,359,067
6,668,889
3,229
26
500
13,571
9,118
3,718
761
17,976
3,289
6,469
4,476
40,074
6,374,385
4,554,901
195,286
68,874
57,518
'9,544
7,667
1-, 1,966
4,254
3,417
133,112
4,339
124,098
39,083
26,318
1,829
952,179
294,504
294,004
291,066
18,765
13,104
5,589
333,207
159,028
135,476
2,938
84,204
13,802
144,774,460
3,631,978
5,819,843
62,977
3,092,853
8,909
414,822
2,669,122
47,570
2,977,401
72,607
2,331,912
15,233
25,468
7,172,942
153,763,306
37,847,910
240,137
105,788
884,952
198,978
52,744
2,568,699
48,588,879
1,906,392
3,036,676
18,284
903,002
2,492
100,294
800, H6
26,213
1,406,280
48,660
607,017
12,738
14,052
3,981,440
50,717,750
16,142,410
169,552
85,088
420,232
93,441
30,472
1,521,688
144,774,460
4,360,725
5,288
3,245,591
7,105,258
95,622
55,791,382
4,005,760
6,013, 7K
30,273,647
8,803,875
1,466,346
23,607,252
65,921,9
64,132,467
87,401
176
10,252
217,925
607,782
39,177
5,610
172,269
38,571
142,863
19,951
447,544
59,319,620
38,091,847
600,190
1,387,603
226,768
107,299
2,283,344
4,145,703
38,677
616,349
5,246,373
117,177
284,117
709,228
322,635
46,204
5,096,106
6,602,368
6,592,116
6,578,449
251,078
123,499
101,095
7,254,672
3,695,380
2,906,988
13,667
3,199,371
167,770
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
48,588,879
2,706,243
1,497
1,437,417
1,858,834
76,813
15,731,921
1,484,906
778,886
8,284,900
2,267,557
610,744
13,349,161
30,581,094
29,279,355
45,965
112
4,719
98,181
513,117
17,419
4,653
130,310
23,241
78,331
2,950
382,741
29,733,318
20,182,215
426,122
1,150,708
130,493
23,128
700,116
1,648,357
10,340
296,170
1,942,259
26,937
142,781
157,310
152,973
40,688
2,702,721
847,776
843,057
831,B87
110,434
61,368
48,497
1,219,100
577,067
270,709
11,170
615,001
74,883
30,868,862
494,151
779,707
11,841
807,861
1,980
152,646
653,235
7,565
1,137,714
458
1,406,190
661
6,923
1,599,302
31,487,973
7,244,755
7,314
1,207
91,272
95,642
20,687
224,619
30,868,862
380, 514
178
279,126
2,584,103
7,094
9,757,740 32
471,891
370,878
9,794,200
3,143,766
198,284
3,881,088
15,388,999
15,164,268
24,216
36
3,851
29,982
57,594
8,615
527
15,872
14,633
43,436
3,311
22,658
12,558,200
8,140,910
83,884
171,270
86,368
52,184
377,220
885,012
12,247
23,477
1,084,070
178
96,873
321,470
107,145
751
1,115,141
2,830,799
2,826,948
2,825,021
54,671
17,055
36,794
2,876,629
1,487,500
1,343,299
1,927
925,938
•20,281
54
55
56
5?
5S
99
bO
a
62
63
64
05
66
67
(-,8
69
70
71
7T
73
74
75
76
77'
78
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE CORPORATION RETURNS
Table 29.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
109
Transportation, communi-
cation, electric, gas, and
sanitary services-Con.
Electric
and gas
companies
and systems
Major industrial group — Continued
Water
supply
and other
sanitary
services
Wholesale and retail trade
Total
wholesale
and retail
trade
Wholesale trade
Total
wholesale
trade
Groceries
and related
products
Electrical
goods,
hardware, and
plumbing and
heating
equipment
and supplies
Other
wholesalers
Retail trade
Total
retail
trade
(35)
Number of returns, total.
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable
investments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation....
Depletable assets
Less: Accumulated depletion
Land
Intangible- assets
Less: Accumulated amortization.
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares ,
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing In one year or
more.
Other liabilities ,
Capital stock, preferred
Capital stock, common <
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium ) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term
capital loss.
Net long-term capital gain reduced by net short-term
capital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit pi
Net loss, sales other than capital assets
Other deductions
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income (less deficit) (71 less 79)
Statutory special deductions, total ."
Net operating loss carryforward
Dividends received deduction
Income subject to tax -
Income tax '.
Total compiled net profit less income tax on returns other
than Form 1120-S (70 less 77) .
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
1,299
(M
3,631
207
355,623
38,568
117,437
11,637
14,073
1,699
13,671
1,109
89,693
8,829
217,269
24,650
13,896
1,432
(Thcuwand doll art)
63,228,843
1,178,257
1,940,180
31,916
1,364,849
4,312
157,785
1,202,752
11,604
396,983
23,167
305,791
1,479
4,248
1,380,227
69,599,992
14,107,157
61,162
19,419
335,093
7,110
1,326
778,519
63,228,843
1,213,218
3,274
1,421,334
2,600,188
C1)
29,511,172
1,871,322
4,733,939
11,822,722
3,246,287
639,221
6,166,138
19,521,181
19,274,231
16,923
28
1,656
87,520
35,686
13,077
280
21,818
620
18,064
13,679
37,599
16,665,490
9,602,995
78,587
64,001
5,484
31,298
1,169,762
1,569,460
15,829
295,952
2,170,565
90,039
44,052
228,100
61,084
4,495
1,233,787
2,087,876
53,178
63,280
936
17, 141
125
4,097
12,919
2,188
36,424
322
12,914
355
245
211,973
1,957,591
353,588
2,109
74
38,355
2,785
259
43.873
2,087,876
60,750
339
107,714
62,133
11,687
790,549
177,641
130,011
371,825
146,265
18,097
210,865
430,714
269,581,271
26
2,242
1,385
66
150
4,269
77
3,032
11
4,546
362,612
165,727
11,597
1,624
4,423
689
36,246
42,874
261
750
49,479
23
411
2,348
1,433
270
44,457
2,855,691
2,854,035
2,854,807
82,184
43,999
13,518
3,090,322
1,598,438
1,257,253
(')
1,630,676
67,893
68,102
68,076
66,734
3,789
1,077
2,286
68,621
32,375
35,727
1,342
27,756
4,713
92,218,645
8,422,815
27,227,393
841,074
28,434,238
879,581
13,625,758
13,928,899
167,407
996,921
79,423
1,477,301
112,042
157,827
7,894,446
25,218,849
11,457,136
154,955
57,499
1,905,467
165,887
39,626
2,199,009
92,218,645
17,314,188
45,687
9,933,131
4,848,955
534,559
9,894,176
3,189,994
1,792,546
15,608,582
4,524,047
613,608
23,919,172
265,362,564
35,874
660
9,081
333,555
475,684
24,667
6,476
235,614
33,987
161,350
157,199
2,744,560
265,046,580
213,065,409
4,567,587
3,269,342
614,090
618,042
1,070,991
2,906,697
72,185
32,793
2,125,202
31,946
2,712,677
407,341
245,305
54,306
33,252,667
42,857,239
3,471,059
15,230,581
302,829
12,202,641
453,847
5,857,423
5,891,371
116,205
617,636
42,790
708,007
47,929
65,694
4,669,451
8,224,175
3,771,107
90,901
32,832
588,851
78,855
24,753
833,985
42,857,239
9,986,442
34,341
4,853,404
1,921,204
205,947
4,186,177
1,321,921
813,215
6,589,599
2,170,835
293,798
10,480,356
132,444,133
130,636,700
22,168
264
4,359
141,281
155,689
16,538
3,858
106,650
13,916
97,788
129,721
1,115,201
130, 310, US
112,211,313
2,063,126
658,892
194,615
262,433
482,161
1,121,045
32,688
19,518
701,667
26, 141
752,009
173,822
89,882
20,169
11,500,667
4,534,691
4,525,610
4,373,777
341,298
186,395
132,380
5,284,359
2,359,415
2,175,276
151,833
1,231,501
258,391
2,133,985
2,129,626
2,041,897
175,269
72,506
80,689
2,358,979
1,044,283
1,089,702
87,729
491,061
138,333
4,412,011
394,198
1,377,536
24,296
1,251,859
36,930
609,074
605,855
9,121
60,371
13,919
56,574
4,711
8,534
458,165
1,182,078
558,887
4,126
2,280
67,459
7,518
1,566
102,871
4, 41;, oil
1,008,515
25,666
5a, 776
200,009
25,256
412,426
166,203
82,167
759,733
244,809
33,790
931,661
23,586,360
2,085
14
266
10,388
24,510
319
399
11,220
1,339
6,775
12,201
176,152
23,625,877
21,286,073
249,848
84,937
32,176
28,994
47,548
116,746
3,014
1,313
105,190
208
82,442
17,705
11,722
1,781
1,556,180
206,151
205,885
191,858
16,235
10,299
5,574
235,794
102,477
103,674
14,027
52,956
17,354
4,897,700
390,434
1,909,615
50,901
1,724,152
47,911
895,118
781,123
4,528
86,929
3,588
41,272
8,428
5,205
265,864
680,917
310,614
1,994
722
66,322
4,186
1,226
67,729
97,700
1,263,645
414
431,508
225,998
18,834
322,496
188,560
104,571
832,312
129,562
17,754
1,362.046
13,381,180
13,224,202
1,228
11
131
13,518
10,203
840
109
4,863
794
1,873
87
123,321
33,547,528
2,686,427
11,943,430
227,632
9,226,630
369,006
4,353,231
4,504,393
102,556
470,336
25,283
610,161
34,790
51,955
3,945,422
6,361,180
2,901,606
84,7a
29,830
455,070
67,151
21,961
663,385
33,547,528
7,714,282
8,261
3,900,120
1,495,197
161,857
3,451,255
967,158
626,477
4,997,554
1,796,464
242,254
8,186,649
95,230,925
18,855
239
3,962
117,375
120,976
15,379
3,350
90,567
11,783
89, 140
117,433
815,728
13,168,663
10,887,682
269,495
83,746
12,386
46,027
48,194
112,162
3,418
720
58,475
1,244
95,806
22,000
11,945
1,569
1.513,794
212,517
212,386
203,568
10,513
7,512
1,402
249,992
107,013
105,504
8,818
39,776
36,007
93,515,608
80,037,558
1,543,783
490,209
150,053
187,412
386,419
892,137
26,256
17,485
538,002
24,689
573,761
134,117
66,215
16,819
8,430,693
1,715,317
1,711,355
1,646,471
148,521
54,695
73,713
1,873,193
834,793
880,524
64,884
398,329
84,972
45,480,664
4,643,420
10,820,598
508,823
15,128,445
401,166
7,236,358
7,490,921
48,956
351,928
33,104
717,668
60,621
84,064
2,913,789
15,692,827
7,071,985
52,188
18,772
1,195,615
81,992
14,057
1,269,086
45,480,664
6,611,754
11,151
4,744,125
2,741,502
305,838
5,274,423
1,668,574
894,006
8,237,971
2,181,448
279,120
12,530,752
128,013,664
125,786,529
12,529
276
4,286
181,916
293,928
7,116
2,462
98,090
19,066
56,393
27,361
1,523,712
125,784,375
93,893,576
2,287,607
2,506,824
387,486
328,096
546,558
1,640,560
37,101
12,188
1,320,453
5,501
1,871,326
222,780
149,048
32,271
20,543,000
5,696,094
730,820
424,000
4,235
1,800,032
93,049
987,709
719,274
5,634
75,780
1,967
108,910
4,876
12,453
359,653
3,096,235
1,278,551
4,584
1,248
US, 632
13,526
3,127
196,153
5,696,094
1,174,974
2,420
199,258
436,273
18,180
751,431
U9.502
126,206
745,035
739,458
29,793
1.323,564
30,967,852
30,776,452
2,760
496
8,554
19,953
1,547
607
U,550
1,345
2,511
115
138,962
30,4U,203
24,596,224
162,699
411,889
93,975
10,318
44,838
295,296
7,170
1,507
299,274
74
303,801
64,431
60,416
2,652
4,059,639
2,229,289
2,225,003
2,168,264
148,222
101,919
45,860
2,714,898
1,230,631
998,658
56,739
700,019
112,226
553,649
553,153
547,269
7,889
5,828
2,061
597,700
293,546
260,103
5,884
136,241
48,157
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
110
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
Table 29.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Major industrial group — Continued
Wholesale and retail trade — Continued
Retail trade — Continued
General
merchandise
Apparel and
accessories
Furniture,
home
furnishings
and
equipment
Automotive
dealers and
gasoline
service
stations
Eating and
drinking
places
Building
materials,
hardware ,
and farm
equipment
Other
retail
stores
Wholesale
and retail
trade not
allocable
(«>
(45)
(46)
(47)
(48)
(49)
(50)
Number of returns, total «-
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
united States obligations
Not stated
Other current assets, including short-term marketable Investments
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less : Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year...
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other Interest
Rents
Royalties
Net short-term capital gein reduced by net long-term capital loss.
Net long-term capital gain reduced by net short-term capital loss,
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit (less net loss) (39 less 53)
Net Income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income (less deficit) (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction .
Income subject to tax
Irifrwnc. %&x
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
14,399
1,034
12,805,417
1,790,308
2,944,410
235,598
3,580,655
120,743
1,361,440
2,198,472
20,037
129,429
5,000
203,912
2,629
16,413
1,089,130
4,569,528
1,988,692
4,430
2,258
354,842
7,067
802
214,977
12,805,417
1,276,003
475
458,520
921,819
19,679
1,641,302
323,134
331,856
1,914,524
630,015
105,451
5,182,639
24,994,758
24,506,526
402
60,353
103,749
602
237
26,250
717
28,261
26,911
235,663
23,972,053
15,864,493
183,542
596,415
85,357
88,920
122,874
439,351
13,400
1,690
322,142
204
621,422
105,654
15,489
10,130
5,500,970
1,022,705
1,022,303
1,019,879
35,846
11,808
23,943
1,046,439
521,234
501,471
2,424
365, 753
16,299
27,327
2,833
21,980
2,621
37,946
4,382
31,381
3,071
24,655
3,207
45,685
6,070
(ThouiMtid dolImcM)
3,980,110
388,030
960,068
25,963
1,538,862
40,006
765,453
733,403
9,748
44,458
7,537
56,749
9,470
5,019
365,610
1,020,230
548,144
7,286
2,442
38,633
4,932
1,620
101,647
3,980,110
828,085
244
290,202
H8,667
41,657
354,638
109,915
122,469
753,311
205,531
17,081
1,038,310
8,567,756
8,349,310
1,658
32
307
8,259
37,273
479
176
5,620
858
8,811
49
154,924
8,429,266
5,429,590
243,153
436,321
24,787
23,249
31,335
129,102
3,700
1,640
87,496
612
199,359
9,691
8,098
3,346
1,797,787
138,490
138,183
137, 332
18, 190
10, 943
7,098
187, 766
74, 767
63,723
851
40,139
8,614
3,425,654
231,825
1,502,181
51,864
1,026,813
25,716
434,517
566,580
1,871
20,016
5,512
42,425
5,787
6,422
187,894
579,089
269,948
1,117
560
48,752
3,614
776
85,484
3,425,654
578,692
1,708
396,677
140,173
32,819
304,750
325,517
62,937
742,716
106,841
35,556
697,268
6,011,586
5,724,760
144
16,809
17,184
360
1/43
4,360
879
2,103
1
244,207
5,971,725
3,784,526
250,524
169,309
15,177
42,122
40,361
88,170
1,755
759
53,196
633
182,588
5,880
4,273
2,443
1,330,009
39,861
39,717
35,786
9,238
7,757
1,481
105,554
39,726
135
3,931
14,863
5,137
7,772,080
520,023
1,668,831
50,316
3,576,942
51,645
1,935,001
1,590,296
5,043
22,089
4,003
132,771
17,830
11,512
304,593
1,861,694
858,917
9,840
3,965
289,742
8,950
1,649
253,064
7,772,080
779,226
3,915
2,119,152
346,363
60,201
872,811
258,214
91,444
1,417,502
116,477
40,038
1,666,737
31,933,153
199
37,724
48,318
132
300
18,676
5,637
4,441
7
414,543
31,850,886
27,066,047
488,334
278,121
49,611
63,254
173,566
261,281
3,562
2,768
164,123
739
284,0624-
8,566
30,261
2,779
2,973,812
82,267
82,068
77,971
19,159
16, 033
3,126
246, 890
96, 838
214, 571
4,097
45, 067
5,796
211,595
222 ,487
1,275
143,307
2,874
77,412
63,021
1,251
10,651
1,257
56,350
7,838
5,874
115,369
1,690,684
723,586
5,722
1,905
91,733
17,846
3,398
129 , 577
1,984,377
320,845
529
192,909
131,947
41,416
408,126
94,655
17,771
436,111
74,006
2,345
263,717
5,147,016
2,349
2,538
19,597
843
396
6,583
4,900
1,322
2
54,353
5,179,894
2,700,013
217,282
257,480
56,757
3,000
24,406
138,156
1,487
1,534
149,372
319
48 ,905
5,370
11,659
3,441
1,560,713
60,292
57,943
55,682
10, 675
9,563
1,112
115,744
46,691
13,601
2,261
17, 692
8,328
4,262,839
281,807
1,350,797
38,045
1,588,992
36,272
758,607
794,113
1,579
24,546
5,276
38,773
5,992
19,659
217,309
1,104,742
566,269
10,379
4,110
127,946
4,142
439
89,763
4,262,839
660,740
702
508,764
153,183
39,013
379,700
84,946
56,726
1,102,463
117,437
18,568
1,140,597
5,554,093
486,012
1,747,824
101, 527
1,772,842
30,861
916,219
825,762
3,793
24,959
2,552
77,778
6,199
6,712
274,231
1,770,625
837,878
8,830
2,284
95,335
21,915
2,246
198,421
5,554,093
8,051,751
949
83
168
17,667
18,477
511
226
9,929
2,945
3,786
9
103,677
7,970,639
6,108,817
277, 563
72,879
23,767
41,901
47,638
112,318
2,259
378
89,475
1,868
64,416
7,175
7,000
1,816
1,111,369
81,112
80,944
04,477
12,153
9,261
2,892
136,346
49,980
31, 132
16,467
30,311
9,675
993,189
1,158
578,643
393,077
52,873
561,665
322,691
84,597
1,126,309
191,683
30,288
1,217,920
12,246,622
826
16
2a
30,012
29,377
2,642
377
12,122
1,785
5,158
267
177,383
11,995,709
8,343,866
464,510
284,410
38,055
55,332
61,540
176,886
3,768
1,912
155,375
1,052
166,773
16,013
11,852
5,664
2,208,701
250,913
250,692
229,868
35, 072
30, 726
4,147
278, 459
107, 849
143, 064
20, 824
49,953
10, 220
(51)
20,917
2,281
3,880,742
308,336
1,176,214
29,422
1,103,152
24,568
531,977
546,607
2,246
27,357
3,529
51,626
3,492
8,069
311,206
1,301,847
614,044
11,866
5,895
121,001
5,040
816
95,938
3,880,742
715,992
195
335,602
186,249
22,774
433,576
199,499
85,325
781,012
171,764
40,690
908,064
8,939,335
1,177
120
436
10,358
26,067
1,013
156
30,874
1,005
7,169
117
105,647
,952,057
6,960,520
216,854
103,626
31,989
27,513
42,272
145,092
2,396
1,087
103,082
304
89,342
10,739
6,375
1,866
1,209,000
171,417
170,981
163,616
17,807
11, 970
5,831
210, 482
84,501
86,916
7,365
40,421
7, 832
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE CORPORATION RETURNS
111
Table 29.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Major industrial group — Continued
Finance, insurance, and real estate
Total
finance,
insurance,
and real
estate
Banking
Credit
agencies
other than
banks
Holding
and other
investment
companies
Security and
commodity
brokers,
dealers,
exchanges,
and services
Insurance
carriers
Insurance
agents,
brokers,
and
service
Real estate,
except
lessors
of real
property
other than
buildings
Lessors
of real
property,
except
buildings
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
Number of returns, total.
Form 1L20-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable
investments .
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation....
Depletable assets
Less : Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization..
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one yea
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one yesr or more
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium):
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Total compiled deductions
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Royalties
Net short-term capital gain reduced by net long-term
capital loss.
Net long-term capital gain reduced by net short-term
capital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans...,
Net loss, sales other than capital assets
Other deductions
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income ( less deficit) (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other
than Form 1120-S (70 less 77).
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock..
334,388
10,368
15,205
93
51,795
662
10,866
t1)
2,986
169
3,981
(i)
17,937
2 , 129
223,884
6,959
7,734
106
(Thoummd dollmr*)
650,590,826 303,986,283 112,388,249 24,742,847 4,136,767 150,224,322 2,041,475 49,851,870
935,337
056,941
141,387
141,292
1,461
74,151
65,680
054,406
796,899
447,947
198,565
,694,540
614, 523
673,747
398,090
321,304
454,037
,154,378
284,594
70,185
542,943
650,590,826
9,228,217
329, 915, 684
20, 404, 823
3,598,125
2,045,881
44, 016, 643
144,179,072
1, 937, 622
23,740,005
25,332,266
10,818,821
35,373,667
70,841,547
2,556,031
41,764
910,226
18,133,977
3,256,857
310,442
37,652
1,418,852
1,741,786
1,666,976
73,224
1,217,170
61,680,895
17,123,026
2,365,615
857,103
337,282
1,368,132
8,371,672
2,508,144
68,454
25,321
1, 986, 848
217, 790
591,627
448,873
169,952
355,259
24,885,797
9,160,652
8,250,426
8,194,130
1, 164, 673
279,414
882, 699
9, 002, 669
3,101,053
6,059,599
56,296
3,466,336
349,332
53,780,748
117,537,163
1,983,221
16,8"7,954
66,371,733
635,437
369,827
19,071
31,896,687
11,700,579
3,675,170
541,047
2,942
918
236,727
3,141
412
2,904,643
303,986,283
1,624,462
268,144,070
1,421,796
922,217
8,452
340,377
5,404,978
27,920
6,146,162
8,257,292
2,172,570
9,515,987
13,175,516
1,725,045
1,951,792
35,749
509,245
8,200,895
185,086
2,788
11,799
352,933
7,366
72,190
1,134
119,494
4,036
911,236
166,740
55,331
475,830
3,181,345
394,567
36,950
1,016
279,674
1,031
178,868
235,754
50,441
285,431
3,468,477
4,847,521
32,866,056
1,084,878
23,367
63
18,531
4,773
197,523
4,807,122
541,452
294,683
81,622
53,890,522
13,272,991
1,797,406
379,216
97,767
27,139
440,095
36,244
4,282
689,393
112,388,249
2,361,235
61, 686, 011
12, 294, 666
791,790
1,339,724
16, 722, 013
4,490,334
692,051
3,480,173
1,699,349
3,753,772
3,077,131
8,195,1
2,336,961
184,673
3,217
7,289
5,191,264
68,358
1,529
5,898
81,794
14,841
93,865
12,285
193,114
7,396,810
3,448,789
2,939,544
2,939,515
70, 227
20, 366
49, 769
2,917,062
1,363,459
2, 085, 330
29
839,709
139, 631
91,428
322,941
98,331
17,489
836,676
3,718,911
171,400
6,937
3,715
94,294
805
148,476
41,044
13,315
14,019
1,817,029
556,611
517,686
3,960
2,433
714
1,719
237,715
1,052,855
39,051
317,699
10,172
300,257
20,768,432
402,462
141,072
547,160
163,613
73,040
52,572
28,633
201,980
24,742,847
454,939
10, 374
312,587
180,957
11,609
882,018
1,958,315
503,485
4,403,942
12,160,307
1,300,935
2,563,379
2,231,253
39,701
466
16,174
164,316
26,233
119,314
7,404
608,302
1,615
937,002
53,653
59,731
616,292
30,200
28,655
7,791
865
3,075
55,584
22,702
2,998
2,071
16,564
129,660
2,975
3,112
709
1,834
307,497
267,074
1,242,572
1,044
154
63,812
830,200
34,776
135,055
7,026
3,217
1,274,245
96,215
44,709
8,079
622
26,988
974
214
192,969
4,136,767
933,887
19,381
521,637
172,996
6,326
1,265,289
521,633
41,587
200,075
102,680
9,917
341,359
821,899
237,375
21,007
43
5,760
45,845
2,103
1,016
2,964
L4,342
425,143
9,974
761
55,566
698,619
798,278
790,989
781,943
113, 297
35, 659
76, 703
832, 509
374,346
423,932
9,046
376, 127
37, 630
1,614,961
1,598,787
1, 598, 865
407, 683
8,974
397, 430
249, 859
99,609
1,515,352
1,438,345
97, 209
16,560
106,501
21,896
1,279
1,132
67,958
24,365
1,100
330
7,700
505
19,148
15,455
2,525
2,554
409,611
2,830,220
264,231
8,068
4,868
366
4,502
11,535,166
11,838,781
141,455
29,277
(M
41,547,391
71,576,909
1,745,826
59,660
2,986
17
21,472
13,412
325
8,740,164
150,224,322
164,202
1,086
21,240
172,992
I1)
83,896
129,325,132
12,122
2,021,632
501,539
3,190,733
14,727,124
35,301,186
28,942,935
342,920
1,855
362,752
4,329,721
415,684
11,189
1,634
73,592
735
461,195
2,539
354,435
33,297,031
123,280
117,520
116, 352
12, 111
4,383
7,728
117,840
55, 300
67, 980
1,168
21, 408
2,720
16,460,431
155,269
169,072
2,693
6,857
31,090
738,464
6,392
376
192,113
6,584
58,632
124,278
85,244
770
15,258,766
366,493
860,931
8,503
960
38
687
235
8,837
34,752
3,910
32,571
6,817
13,097
386,473
224,215
85,349
905
351
23,694
30,349
1,932
143,606
2,041,475
884,293
10
120,919
87,263
8,173
118,800
75,2L4
23,874
262,725
55,406
60,170
344,628
1,605,134
1,374
9
383
6,215
7,203
27
10,070
414
12,886
1,607
66,652
1,471,506
2,004,155
1,641,403
1,640,972
339, 261
62, 222
277, 032
3,446,860
702, 193
1,301,962
t1)
402,058
30, 367
Footnotes at end of tsble.
See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
322,542
266,307
45,551
3,140
10,704
9,019
29,484
1,961
1,156
24,919
29
18,619
14,441
5,700
588
717,346
2,177,379
4,643,840
51,098
91,218
1,348
49,619
40,251
116,386
313,255
46,690
542,028
72,247
1,034,904
7,350,431
31,796,493
8,849,945
127,099
45,298
8,800,391
136,285
30,869
1,580,434
49,851,870
2,634,675
54,589
5,539,071
1,195,132
652,797
23,420,701
2,284,065
542,886
6,339,840
2,285,284
301,483
4,601,347
9,109,921
4,478,380
12,851
395
7,848
192,041
2,432,965
7,229
7,502
245,913
1,290,343
75,377
1,175
357,902
8,185,493
133,628
133,245
116, 726
15,364
4,866
10,497
119, 843
47, 327
86, 301
16,519
36, 397
3,843
170,551
565,647
334,959
254,321
32,594
1,266,773
1,090,106
11,579
15,449
1,340,997
3,813
164,670
13,989
11,854
48,899
2,859,292
924,428
916,580
891,791
198, 394
138, 288
59, 860
1,204,470
411, 604
512,824
24,789
286, 002
37, 198
109,291
124,462
615
18,233
12
4,234
13,987
17,013
48,201
5,176
15,969
1,376
8,465
284,463
1,935,960
297,092
534,366
216,079
531,971
11,617
3,518
89,754
3,219,011
170,524
163
172,907
74,778
16,176
1,183,549
119,401
93,697
885,456
270,409
29,241
202,712
401,550
1,713
30
775
3,680
119,225
167,350
256
31,906
1,329
4,487
70
10,276
288,417
27,278
9*059
12,763
2,164
1,264
40,992
37,056
537
1,208
30, 587
75, 363
239
800
164
1,164
47,779
113,133
112,358
107,966
8,336
4,656
3,680
114, 226
47, 215
65,918
4,392
66,290
734
112
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 29.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Number of returns,
Form 1L20-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable invest-
ments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Oepletable assets
Less: Accumulated depletion
Land \
Intangible assets
Less: Accumulated amortization.
Other assets
Total liabilities
Accounts payable ,
Deposits and withdrawable shares ,
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities ,
Loans from stockholders ,
Bonds, notes, mortgages payable maturing in one year or more,
Other liabilities ,
Capital stock, preferred ,
Capital stock, common ,
Paid-in or capital surplus ,
Surplus reserves ,
Earned surplus and undivided profits ,
Total compiled receipts
Business receipts
Interest on Government obligations (less amort izable bond
premium):
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital
loss.
Net long-term capital gain reduced by net short-term capital
loss.
Net gain, sales other than capital assets ,
Dividends , domestic corporations ,
Dividends , foreign corporations
Other receipts ,
Total compiled deductions
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
Compiled net profit (less net loss) (39 less 53)
Net income (less deficit), total (70 less 43)
Returns other than Form 1120-S:
Net income (less deficit) (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (less deficit) (71 less 72)
Distributions to stockholders:
CBsh and assets other than own stock
Corporation ' s own stock
Major industrial group — Continued
Total
services
(61)
121,024
11,760
Hotels,
rooming
houses,
camps,
and other
lodging
places
(62)
11,704
1,363
Personal
services
(63)
21,878
2,739
Business
services
(64)
32,360
2,508
Automobile
repair,
services,
and garages .
and other
repair
services
(65)
18,883
2,017
Motion
pictures
(66)
6,908
455
Amusement
and
recreation
services,
except
motion
pictures
(67)
14,471
1,301
Other
services
(68)
14,820
1,377
Nature of
business
not
allocable
(Thouaand dollar*)
19,853,108 4,019,029 1,756,482 5,561,379 2,177,392 2,660,326 2,321,540
.,787,436
1,499,533
50,198
856,170
17, 614
268,803
569,753
69,025
264,152
51,264
417,812
33,565
154,442
2,260,566
14, 289, 721
6,046,240
32,454
11,127
1,139,266
243,040
109,450
971,677
19,853,108
2,232,808
13,429
2,185,008
1,067,123
191,253
5,444,322
1,046,585
280,860
2,990,839
1,252,875
125,768
3,022,238
23,346,783
11,007
64
3,178
56,825
498,298
48,169
5,630
130,779
15,383
41,493
19,850
40'', 885
22,494,253
11,645,725
1,194,266
818,450
239,511
74,055
347,425
667,807
14,457
53,709
1,433,168
1,894
369,992
109,356
68,901
19,760
5,435,777
852,530
849,352
825,189
114,505
78,600
32,734
1,133,117
486,054
366,476
24,163
276,559
31,582
196,617
282, 546
3,703
71,466
600
35,846
35,020
4,111
20,882
1,778
61,537
6,605
80,830
302,223
3,808,738
1,441,778
5,401
938
494,314
10,349
1,489
119,540
4,019,029
208,353
203
360,304
162,528
57,236
1,787,938
179,796
71,321
634,711
307,563
9,888
239,188
2,834,297
2,499,948
861
29
320
12,395
226,404
535
1,152
28,910
1,348
5,503
619
56,273
2,816,482
1,199,543
64,861
163,391
82,682
7,203
97,554
142,575
1,931
1,507
227,598
252
60,868
4,425
8,900
2,845
750,347
17,815
17,495
28,296
13,351
9,595
3,754
98,399
40,040
222,225
310,801
23,275
4,684
177,507
310,346
5,450
105,277
1,202
44,868
59,207
3,736
25,717
2,091
36,866
6,240
6,651
127,835
1,489,975
744,748
5,837
2,507
66,495
10,678
1,918
135,854
1,756,482
182,321
140
152,608
106,296
20,944
329,812
73,212
26,568
375,292
57,213
8,186
423,890
3,128,297
660
10
87
2,998
9,446
502
346
8,216
781
2,382
3,066,050
1,619,126
199,186
125,010
32,406
12,029
22,343
91,477
2,021
1,905
138,752
153
51,882
7,144
12,871
1,700
748,045
104,756
104,669
91,639
9,049
7,228
1,820
116,424
47,089
57,667
13,030
28,546
2,734
634,945
1,699,064
21,807
177,732
930
69,210
107,592
33,694
90,812
14,069
122,654
6,859
11,782
961,045
2,746,322
1,286,416
5,190
1,630
71,214
32,012
6,952
270,790
5,561,379
929,
7,
563,
351,
38,
991,
727
365
4,208,
461,
139,
32,
28,
72,
136,
392,
391,
382,
35
18
14
430,
192,
200,
,558
.333
151,947
288,930
4,640
115,989
1,988
70,777
43,224
818
10,250
796
46,268
2,171
3,991
95,670
2,092,188
812,582
5,585
1,828
101,964
12,561
2,768
70,082
2,177,392
189,221
903
454,756
96,017
28,694
697,526
84,434
15,823
269,230
74,871
4,137
261,780
289
1
41
3,616
86,784
56
887
23,772
3,484
618
2,442,085
1,148,255
138,588
121,426
29,112
9,214
59,073
75,256
827
3,668
382,632
310
24,102
3,301
5,215
5,307
435,799
64,526
64,485
58,154
3,325
7,958
367
94,563
34,177
30,349
6,331
13,888
6,116
'Not shown separately because of high sampling variability. However, the data are included in the totals
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
214,297
464,378
3,857
311,758
6,763
11,159
293,836
6,317
57,928
5,564
50,214
3,831
24,943
524,369
1,427,684
839,539
4,795
1,870
167,728
148,566
85,087
178,307
2,660,326
378,965
29
275,765
124,746
11,150
601,688
169,625
37,535
304,818
233,428
31,022
491,555
2,227,512
3,286
6
270
8,642
42,764
15,761
1,715
19,753
242
10,460
9,707
44,305
,307,636
51,134
75,022
16,610
5,990
32,597
50,869
994
37,223
96,106
495
83,042
3,217
3,513
1,554
363,620
97,890
97,620
96,169
28,933
20,026
8,235
129,027
58,904
38,986
1,451
42,411
2,930
201,163
150,509
2,687
29,716
484
17,349
11,883
1,929
26,050
14,478
67,657
3,839
21,388
127,124
2,039,466
663,365
3,763
2,039
182,036
17,847
7,025
109,691
2,321,540
164,608
1,464
296,081
109,073
24,494
808,784
119,842
33,158
441,104
122,601
10,884
189,447
2,105,365
1,970,360
1,057
254
3,448
29,946
1,986
418
16,969
805
3,695
74
76,353
879,500
81,879
121,526
32,195
3,748
48,229
110,192
2,282
2,992
189,238
380
51,242
3,323
3,419
3,625
508,798
62,797
62,543
66,942
12,895
9,942
2,936
128,752
56, 835
5,962
34,399
19, 538
2,548
210,960
303,760
8,054
44,232
5,647
19,594
18,991
18,420
32,513
12,488
32,616
4,020
4,857
122,300
685,348
257,812
1,883
315
55,515
11,027
4,211
87,413
180,311
2,815
81,749
117, 311
10,730
227,006
99,539
21,655
237,764
91,788
17,100
269,192
2,700,946
2,581,576
1,373
772
5,460
10,016
1,836
20
13,048
3,982
1,728
234
80,901
2,589,105
1,283,301
197,613
72,349
14,099
7,592
14,779
61,075
1,889
2,045
51,481
54
40, 596
25,605
7,265
580
808,782
111,841
111,069
101,644
6,705
4,922
1,415
135,494
56,980
54,861
9,425
17,343
3,237
(69)
17,337
480
537,786
57,168
142,430
374
10,526
26
3,827
6,673
6,212
3,328
730
8,138
1,953
8,384
138,231
75,544
19,492
3,344
792
37,659
6,083
136
58,830
537,786
75,901
46
64,401
14,173
8,008
93,228
31,715
23,028
186,840
63,291
12,412
'35,257
125,979
13
6
126
364
3,145
2,039
1,226
53
.','-■'
138,383
42,324
16,491
5,095
1,032
1,453
2,949
3,954
85
290
4,688
1,851
79
565
991
56,536
312,404
312,530
'12,886
2,446
2,419
27
9,032
2,730
J15,134
356
11,457
152
2Loss after tax.
Negative amounts
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
RETURNS WITH NET INCOME
113
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP
All
industrial
groups
Major industrial group
Agriculture ,
forestry, and
fisheries
Mining
Total
mining
Metal
mining
Bituminous
coal HTiri
lignite
mining
Crude
petroleum
and
natural
Mining and
quarrying of
nonmetallic
minerals, and
anthracite
mining
Construction
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Number of returns with net income,
Form 1120-S
670,239
56,123
9,746
1,251
5,735
531
f1)
801
115
3,083
252
1,642
134
39,049
5,197
(Thailand dollar*)
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
1, 021, 529, 338
Other current assets, including short-term marketable investments
Loans to stockholders
Ifctrtgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization.
Other assets
Total liabilities
954,429
788,518
080,089
039,483
050, 302
719, 526
269, 655
304, 243
860, 026
952, 5IO
572, 807
326, 690
278, 325
226,230
796, 790
540,509
578, 359
183, 240
307, 898
045,515
015,444
316, 797
1,021,529,338
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more. . .
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
49,475,508
262,618,544
35,152,637
31,152,984
2,630,625
120,696,862
152,617,576
14,576,289
104,504,585
58,158,905
12,483,871
177,460,952
724, 451, 248
Business receipts
Interest on Government obligations ( less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss
Net long-term capital gain reduced by net short-term capital loss
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts
Interest paid
Tajtes paid
Contributions or gifts
685,691,937
2,906,142
39.409
945, 058
15,591,486
4,437,482
876,981
70,650
2, 788, 162
1,516,878
2,953,659
1,044,608
5,588,796
673,123,845
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net income, total (70 less 43)
Returns other than Form 1120-S:
Net income (71 less 79)
Statutory special deductions , total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
486,312,907
11,395,030
6,777,183
6,141,749
1,847,501
10,129,863
18,216,216
474,508
956,774
18,565,763
3,111,815
8,005,226
4,348,061
2,259,880
330,276
94,251,093
51,327,403
50,382,345
49, 703, 869
3, 547, 417
1, 285, 527
2, 020, 240
47,246,572
21, 866, 299
29,461,104
678,476
16, 606, 986
1, 865, 572
2,503,061
201,358
366,624
3,852
287,101
7,760
104,707
174,634
6,149
25,164
4,075
32,628
6,622
21,118
300,947
1,360,933
650,527
17,155
5,144
461,098
2,221
641
70,032
2,503,061
168,765
1,218
297,481
76,194
10,951
350,430
101,454
47,031
636,375
151,784
15,132
646,246
2,939,554
1,261
462
10,124
24,526
7,073
559
46,037
7,698
6,211
196
39,350
,j'W
2,154,226
88,133
36,139
30,129
4,048
32,784
53,625
1,401
599
109,046
3,851
12,241
5,264
2,881
462
348,469
199,753
199,291
178, 536
26,942
21, 868
5,074
152,994
57, 526
142, 227
20, 755
37, 276
5,536
11,870,119
781,839
1,681,732
7,442
709,236
9,724
320,472
379,040
127,392
647,824
18,311
226,223
17,006
5,709
1,766,910
8,811,573
4,304,294
2,111,878
1,059,736
137,658
72,158
26, XI
152,443
11,870,119
661,782
42
361,658
694,042
122,528
1,380,451
386,390
199,526
1,795,968
1,571,442
170,626
4,525,664
8,502,316
,095,143
25,243
10
2,066
27,741
24,978
69,349
2,314
78,127
12,106
70,853
6,288
88,098
7,240,308
4,492,932
101,258
35,299
129,362
10,714
88,217
224,417
5,348
32,168
486, 830
715,703
18,521
53,042
73,517
3,590
769,390
1,262,008
1,259,942
1, 248, 359
235, 374
123, 100
59,436
1, 019, 625
504,784
757, 224
11, 583
772,129
35, 582
152,950
343,841
363
289,747
5,709
176,972
107,066
56,231
285,194
144,253
(l)
1,047
433,516
2,147,279
1,008,408
603,477
305,831
19,284
18,202
7,545
33,470
3,218,491
191,877
30,753
174,961
84,692
469,775
49,830
48,094
494,391
373,171
32,302
1,268,645
1,998,720
12,106
257
6,192
4,320
4,016
98
3,803
366
27,674
1,925
7,032
1,598,623
1,035,157
6,409
2,635
40,043
558
23,370
68,486
1,446
15,181
91,231
174,369
792
13,445
8,165
463
116,873
400,097
399,840
398, 241
113,388
44,127
23, 462
284, 877
147, 069
253, 028
I1)
174, 307
2,847
102,620
256,704
1,819
67,650
3,311
30,025
34,314
16,854
108,744
16,196
32,397
I1)
412
237,855
1,266,443
606,906
293,068
111,217
16,535
2,344
488
34,122
1,732,269
100,259
55,901
60,220
(M
219,974
58, 856
60,851
193,537
255,196
30,770
694,015
1,467,645
3,831
592
4,625
3,728
2,461
399
17,246
1,854
14,405
12
5,118
1,396,973
1,001,424
11,724
6,386
38,673
1,240
14,819
38,527
752
171
75,768
46,396
1,411
10,851
52,287
1,717
94,827
70,672
70,080
67,984
19, 162
7,026
12,135
52, 225
22, 194
48,478
2,096
48, 799
5,651
374,121
848,336
2,590
252,235
301
69,071
182,863
30,957
198,321
1,081
27,213
3,248
2,179
835,239
4,137,759
2,086,369
1,094,623
602,784
63,466
49,214
17,975
62,924
5,271,198
282,949
156,505
391,246
34,535
525,826
196,021
68,583
789,154
869,833
58,331
1,898,215
3,695,423
6,929
9
835
11,918
12,182
61,871
1,680
44,958
8,486
14,513
3,902
64,885
3,032,601
1,706,948
45,012
20,288
21, 583
6,683
35,965
84,519
1,917
3,474
228,672
430,434
11,967
23,298
8,728
1,295
401,818
662,822
661,987
657, 968
69, 714
51,909
11, 840
591, 337
294, 863
367,959
4,019
504,304
22, 171
152,148
232,851
2,670
99,604
403
44,404
54,797
23,350
55,565
1,034
22,360
856
2,071
260, X0
1,260,092
602,611
120,710
39,904
38,373
2,398
293
21,927
1,648,161
86,697
42
118,499
67,615
611
164,876
81,683
21,998
318, 886
73,242
49,223
664,789
1,340,528
1,287,583
2,377
1
382
5,006
4,748
1,001
137
12,120
1,400
14,261
449
11,063
749,403
38,113
5,990
29,063
2,233
14,063
32,885
1,233
13,342
91,159
64,504
4,351
5,448
4,337
115
155,872
128,417
128,035
124, 166
33, 110
20, 038
11,999
91,186
40, 658
87, 759
3,869
44,719
4,913
10,839,296
1,295,731
4,049, 843
27,074
1,097,098
23,292
628,058
445,748
40,154
199,256
27,151
144,400
21,945
39,722
703,500
3,553,461
1,900,008
61,761
15,252
183,364
8,219
2,054
1,358,079
10,839,296
2,772,672
3,711
818,127
702,757
50,648
866,248
1,328,169
95,395
1,269,775
187,222
48, 014
2,696,558
24,066,658
23,661,837
7,731
145
1,889
23,708
56,859
2,731
983
57,011
5,590
9,790
3,337
235,047
23,227,072
19,575,338
764,397
101,413
96,701
30,371
82,473
323,693
10,646
867
416,844
5,397
48,434
59,865
73,424
1,604
1,635,605
839,586
837,697
780, 146
68,720
58,734
8,213
711, 230
297, 143
542,443
57, 551
97, 974
35, 528
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
114
RETURNS WITH NET INCOME
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Major industrial group— Continued
Manufacturing
Total
manufac-
turing
Beverage
industries
Food and
kindred
products
Tobacco
manufac-
tures
Textile
mill
products
Apparel and
other
finished
products
made from
fabrics
and similar
materials
Lumber
and wood
products
except
furniture
Furniture
and
fixtures
Paper and
allied
products
(9)
(10)
(11)
(12)
(13)
(14)
(13)
(16)
(17)
Number of returns with net income, total
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Lessi Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obi igations
Not stated
Other current assets, including short-term marketable investments
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year...
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss
Net long-term capital gain reduced by net short-term capital loss
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Deprec iation
Depletion.
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net lose, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net Income, total ( 70 less 43)
Returns other than Form 1120-S:
Net income (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
103.567
8,970
2,089
232
9,866
735
3,658
228
10,607
1,384
,557
467
3,499
301
2,274
184
(Thou»*nd dot lart)
235,006,313 4,904,974 16,630,013
13,898,998
38,611,906
819,023
48,923,373
6,254,806
18,404,276
24,264,291
1,256,240
10,681,146
583,378
3,169,225
52,194
183,552
29,158,233
154,039,210
76,702,381
6,276,269
2,665,973
3,118,709
1,446,846
844,448
4,638,859
235,006,313
20,171,621
7,711
7,503,614
15,021,231
319,467
28,059,144
7,239,667
5,384,057
40,003,882
21,139,630
3,401,677
86,754,612
328,898,102
322,916,749
442,618
1,242
54,315
476,038
576,751
446,292
20,721
804,053
30,340
953,615
775,992
1,399,376
304,655,177
227,415,868
3,610,416
1,964,607
4,794,785
471,908
1,742,043
9,027,199
269,245
323,942
8,811,076
2,090,490
4,802,360
2,651,387
1,417,555
51,247
35,211,049
24,242,925
24,188,610
24,027,311
1,354,419
411,498
810,524
22,678,874
11,362,214
12,88u,711
161,299
7,855,552
1,014,569
350,260
743,917
9,741
1,186,293
239,367
462,803
484,123
17,466
200,692
4,558
64,641
396
1,099
489,666
2,768,768
1,220,245
9,748
999
90,631
26,075
5,648
187,397
4,904,974
435,268
378
217,835
289,631
6,039
713,907
108,714
169,417
612,528
274,910
109,182
1,967,165
7,642,211
6,554
14
1,570
8,240
9,253
6,229
135
6,328
2,919
11,046
1,699
43,11;
7,137,464
4,268,268
69,902
24,479
54,638
3,935
43,306
1,190,961
4,969
2,466
179,701
1,251
384,096
32,064
16,156
899
.->, i . ly i
504,754
503,184
495,848
15,929
6,164
9,365
480,130
242,478
262,276
7,336
151,781
17,259
1,249,899
3,139,855
63,428
3,916,096
367,741
1,423,193
2,125,162
75,482
368,309
23,402
338,931
11,789
25,417
1,523,511
10,170,333
4,831,193
13,486
3,406
352,418
27,959
4,239
295,392
16,630,013
1,712,488
1,547
1,017,244
1,083,057
29,748
1,777,545
379,245
533,859
2,988,448
763,431
197,719
6,145,682
45,128,406
14,573
67
4,360
41,661
31,722
14,139
943
44,771
6,358
18,310
53,371
139,499
43,271,473
35,161,873
330,914
202,923
356,640
55,551
151,250
528,565
23,558
3,576
666,876
4,305
980,420
170,168
118,649
11,987
4,504,218
1,856,933
1,852,573
1,832,209
47,981
31,273
15,049
1,784,926
891 ,967
964,966
20,364
468,484
56,123
3,428,305
113,847
249,774
4,260
2,539,681
898,565
470,298
1,170,818
1,948
20,102
10,905
(')
126,377
620,313
278,339
13,919
1,836
1,462
13,598
3,428,305
88,985
448,727
225,494
I1)
502,516
30,604
179,948
567,834
164,930
87,795
1,131,462
4,932,345
92
2,434
613
5,696
5
366
11
1,407
322
4,605
4,360,902
2,774,033
11,130
3,965
9,408
1,561
32,439
990,681
3,124
92
37,213
262,202
33,081
7,087
1,015
193,871
571,443
571,351
571,351
2,337
1,238
1,099
569,011
295,299
276,144
159,038
33
,136,041
525,793
1,588,990
24,961
2,310,744
171,436
820,373
1,318,935
25,241
198,649
15,512
62,231
787
16,705
750,744
4,915,507
2,427,173
933
655
45,138
14,477
2,047
119,426
8,136,041
665,449
982
425,865
429,629
11,970
803,749
162,091
236,633
1,385,649
423,558
66,567
3,523,899
12,163,719
7,126
10
1,181
30,091
18,868
14,917
239
22,132
1,146
12,823
1,587
52,710
11,462,009
9,477,324
152,756
65,443
107,738
11,985
75,667
216,315
11,866
1,847
280,335
285
83,619
45,859
23,134
5,538
902,298
701,710
700,529
695,563
53,074
42,267
10,807
641,750
319,023
382,687
4,966
141,756
23,981
3,885,311
380,028
1,208,104
23,573
1,434,725
26,044
696,965
711,716
4,176
29,255
5,100
50,152
3,481
4,054
269,444
799,299
404,410
769
450
20,889
15,330
555
89,493
822,497
374,596
293,739
18,040
253,264
101,989
101,794
625,694
111,895
12,806
,168,997
255
4,231
4,329
9,434
189
8,038
355
3,395
370
35,033
10,284,383
8,340,513
274,241
92,789
16,345
11,470
42,088
155,963
6,848
441
64,377
74
101,751
28,564
40,356
646
1,107,917
339,445
339,190
322,902
20,142
17,445
2,686
302,284
137,865
201,580
16,288
.
16,560
4,100,181
246,696
636,860
12,573
829,767
57,356
306,664
465,747
8,923
144,763
6,814
52,544
4,159
26,824
376,504
2,238,193
1,110,801
532,421
34,722
65,154
2,644
439
86,450
4,100,181
248,770
249
236,059
174,733
10,773
540,334
78,432
66,003
830,869
330,167
26,022
1,557,770
5,271,540
871
11,875
7,432
4,194
332
169,774
3,404
3,431
10
33,480
4,972,725
3,763,025
99,382
22,362
41,921
8,873
38,833
114,820
2,717
3,472
151,173
181,257
24,987
15,547
11,452
171
492,733
298,815
297,944
284,540
16,655
13,784
2,871
272,623
93,077
205,738
13,404
96,185
22,529
187,427
516,118
11,096
546,668
23,404
285,667
237,597
18,824
54,885
2,342
28,814
1,640
652
114,905
774,759
360,182
13,303
4,772
32,617
1,597
408
36,404
212,119
480
112,783
146,191
9,930
124,522
50,331
33,035
346,640
72,904
9,588
835,974
4,077,670
437
3,552
2,346
1,042
77
3,287
30
1,447
2,166
21,793
3,855,274
2,924,162
109,189
37,208
20,030
10,118
15,185
75,522
4,267
265
55,304
103
54,550
18,288
15,462
406
515,195
222,396
221,959
216,935
5,057
3,878
1,179
211,925
101,444
120,952
5,024
37,878
9,007
9,738,633
497,179
1,114,756
24.412
1,371,267
88,028
550,596
732,643
24,722
313 , 566
8,364
95,746
1,044
10,280
1,168,632
7,960,312
3,501,520
513,914
94,673
115,951
9,239
3,195
157,461
9,738,633
555,439
19
158,154
536,221
14,058
1,552,799
181,003
253,211
1,649,855
1,039,897
44,741
3,753,236
11,112,368
10,866,704
11,177
12
3,592
18,176
14,422
7,971
1,797
104,708
1,259
16,647
27,463
38,440
10,078,436
7,369,745
114,065
60,064
254,290
8,985
77,431
230,801
11,266
10,077
434,577
22,904
99,628
81,173
35,052
1,168
1,267,210
1,033,932
1,030,340
1,027,519
28,050
13,959
14,091
999,770
485,523
548,409
2,821
301,763
48,864
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
RETURNS WITH NET INCOME
115
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Number of returns with net Income,
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
including short-term marketable invest-
Otner current assets,
ment.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less; Accumulated amortization and depreciation.
Depletable assets
Less: Accumulated depletion
Land. :
Intangible assets
Less: Accumulated amortization
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing In one year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations ( less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital
loss.
Net long-term capital gain reduced by net short-term capital
loss.
Net gain, sales other than capital assets
Dividends, domestic corporations •
Dividends, foreign corporations • <
Other receipts <
Total compiled deductions
Cost of sales and operations
Compensation of officers .
Rent paid on business property ■
Repairs •
Bad debts <
Interest paid
Taxes paid
Contributions or gifts
Amortization ■
Depreciation ■
Depletion ■
Advertising ■
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans ,
Net loss, sales other than capital assets
Other deductions ■
Compiled net profit ( 39 less 53)
Net income," total ( 70 less 4-3)
Returns other than Form 1120-S:
Net income (71 less 79)
Statutory special deductions , total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77).
Form 1120-S, net income (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
Major industrial group— Continued
Printing,
publishing.
and allied
industries
(18)
12,885
1,215
Chemicals
and
allied
products
(19)
5,668
315
Petroleum
refining
and
related
industries
(20)
(')
Manufacturing — Continued
Rubber and
miscel-
laneous
plastics
products
(21)
2,351
144
Leather
and
leather
products
(22)
1,727
141
Stone,
clay, and
glass
products
(23)
4,971
278
Primary
metal
industries
(24)
2,761
177
Fabricated
metal products
(including ord-
nance), except
machinery and
tranaporation
equipment
(25)
10, 742
920
Machinery,
except
electrical
and
transporta-
tion
equipment
(26)
11, 355
916
(Thailand dollar*)
7,501,764
810, 382
1, 682, 731
114, 141
890,085
42,949
456, 255
390,881
67,484
344,157
21,213
115,593
4,035
12,895
885,377
3,765,733
1,656,646
7,642
4,104
160, 083
54,812
9,865
464,298
23,142,840
7, 501, 764
679, 149
1,105
311, IIS
615,461
17,212
719, 016
451,987
212,603
1, 068, 100
305, 946
90,264
3,029,803
11, 560, 665
11, 279, 148
13,209
59
2,547
15,188
31,022
20,607
160
23, 882
1,397
32,508
8,098
132,840
10, 569, 584
7,293,710
367,226
114, 936
52, 596
34,350
55, 160
223, 163
19,024
2,796
251,747
237
78,212
91, 687
40, 032
4,296
1, 940, 412
991, 081
988,534
972,756
56,661
29,328
27,216
913,508
444,960
546,121
15,778
202,174
50,561
1, 273, 851
3,198,625
63, 920
3,901,902
151,655
1,295,453
2,454,794
201,813
1,216,442
80, 859
305,944
1,851
4,912
3,351,559
17,394,808
8,745,231
273,742
98,671
295,830
107,568
44,382
485,338
23, 142, 840
1, 527, 176
158
461,060
1, 598, 530
71, 695
3, 124, 288
497,963
711, 085
3, 394, 620
3,448,808
247,211
8,060,246
25, 695, 096
48,416
52
6,763
37,227
27,055
117, 121
1,193
60,353
691
202,666
96,906
89,987
22,405,284
14, 700, 730
237, 151
140, 662
441, 059
32,566
153,364
428,164
35,764
47,687
1, 104, 355
93,387
1, 003, 629
302, 954
83,906
4,744
3, 595, 162
3, 289, 812
3, 283, 049
3,277,058
203,073
26,812
172,169
3,074,676
1,568,629
1,721,183
5,991
1,197,958
129,757
39,921,935
1, 535, 591
5,534,055
160,348
2,929,881
307,360
646,320
1,976,201
111,152
1,768,869
203,428
490, 507
(l)
21,751
8,539,837
32,533,363
16, 766, 805
3,685,472
1, 797, 207
504,943
957, 142
701,436
531, 681
39,921,935
4,246,977
9
348,520
1, 189, 145
14,599
4,157,466
1, 221, 868
188,579
10, 002, 101
5, 162, 276
708,431
12,681,964
37, 590, 890
70, 614
58
3,245
72, 558
269, 602
54,057
7,235
113,152
245
388,139
228,986
285,017
35, 898, 315
26, 142, 704
60, 953
406,482
475, 514
103, 534
181, 147
927, 010
26,415
52,264
1, 304, 800
1,557,793
182,712
295, 861
87,614
1,372
4, 092, 140
1, 692, 575
1, 689, 330
1,688,600
482,099
61,474
329,879
1,208,951
606,887
1,085,688
(»)
1,418,865
220,428
4, 672, 103
263,729
1, 155, 959
24,109
1,227,809
116,341
693,690
417, 778
2,293
81,121
2,324
25,003
202
3,249
564,290
2,774,656
1,514,961
2,760
376
61,058
6,949
4,728
44,875
4, 672, 103
415,325
21
102,940
335, 005
4,511
876, 139
73,049
110,971
492, 898
392,470
133,058
1, 735, 716
7, 095, 774
6, 992, 796
150
8,616
6,972
3,960
34
5,921
15
7,345
42,344
23,025
6,622,238
4, 808, 159
78,025
61, 857
109,274
24,902
38,120
240,415
4,746
1,089
191, 600
281
131, 530
61,005
33,612
355
837, 268
473, 536
473, 386
470,802
12,544
6,317
6,227
458,280
231,007
242, 529
2,584
127,108
31,868
1, 549, 833
146,628
468,215
7,875
460, 618
16, 663
176, 511
267,444
5,497
25,297
502
16, 519
475
1,171
190, 813
427,043
219, 133
193
12,291
576
286
21,289
1, 549, 833
182, 128
108,612
11,348
165,841
35, 785
44,325
266, 304
77,613
18, 036
556, 025
3,231,994
3, 209, 108
242
2,817
2,087
492
14
145
1,447
19
12,973
3,079,755
2,465,265
67, 512
21,497
13,434
5,818
16,753
58,443
2,824
136
32, 356
815
40,155
13,633
11,649
131
329, 334
152,239
151,997
145,129
4,630
3,350
1,280
140,570
67,582
84,657
6,868
36,328
1,304
7,933,473
548,645
1,155,432
26, 076
1, 221, 797
99,244
670, 529
452,024
47,914
364,763
7,926
108,958
1,213
2,888
608, 103
6,595,031
3, 094, 132
173, 273
45,186
132, 210
14,643
2,656
118,727
7,933,473
418, 654
165
179, 680
458, 345
9,703
912,115
208, 726
230,427
1, 432, 061
717, 316
108, 033
3, 258, 248
9, 309, 285
9, 149, 301
17,700
142
3,381
10, 676
12,034
13,130
140
18, 916
451
19, 170
18,292
45, 952
8, 357, 637
5, 889, 537
144,989
46,002
252,478
19,077
62, 607
206, 635
7,219
11,260
406,512
79, 822
69,229
71, 210
36,156
841
1, 054, 063
951,648
948, 267
943,810
24,190
8,077
16,110
919,697
461,441
490,207
4,457
313,258
46,349
24,061,461
1, 167, 541
2, 292, 132
44,337
4,814,403
1, 804, 651
1, 263, 964
1,745,788
111,203
1,083,676
8,725
359, 286
3,031
13,586
2, 219, 826
22, 538, 675
11,718,635
911,495
543,791
435,798
11,931
2,559
399,475
9,981,774
24,061,461
1,439,855
373,574
1, 330, 261
6,604
4, 266, 683
807, 230
896,447
3, 619, 071
1,491,751
454, 547
9, 375, 438
24, 522, 789
24, 213, 181
6,503
40, 135
15,431
12,668
281
36, 916
456
61,240
13,712
58, 611
22, 607, 627
17, 043, 139
157,855
79, 782
1, 347, 200
15,907
213,009
587, 318
21,499
92,233
948, 357
135,862
111,342
318,938
210, 544
4,569
1, 320, 073
1, 915, 162
1,908,659
1,904,364
107,483
21,455
54,118
1,796,832
917,004
998,158
4,295
658,744
33,551
826, 021
1, 913, 355
35, 232
2, 621, 872
220,731
1, 295, 392
1,105,749
55,798
259, 100
15, 636
116,953
5,921
7,221
791,013
5, 519, 129
2, 508, 351
57,892
15,762
151,166
27,128
11,779
184,693
9,981,774
847,944
264
384,876
666, 740
26, 730
1,100,957
227, 241
223, 824
1, 705, 147
639,448
77,620
4,080,983
15,854,223
15, 638, 548
10, 083
461
2,541
16,329
18,890
12,445
182
32, 650
1,013
21. 175
26,226
73,680
14, 855, 990
11, 211, 132
363,951
111,903
213,847
26,074
82, 979
311, Oil
12,510
4,582
374,971
1,950
157, 518
112, 608
86,295
2,781
1, 781, 878
998, 233
995, 692
984,008
33,558
14,909
17,877
950,843
459,101
539,132
11,684
264,919
41,994
18, 129, 283
1,281,492
3, 703, 752
64,444
5, 273, 684
607, 345
2, 337, 245
2, 329, 094
55,781
722,272
83,003
166,057
4,347
11, 569
1, 700, 479
9,452,535
4,770,489
7,429
4,694
224, 338
59, 651
24,676
247,197
18, 129, 283
1,490,129
662
701,744
1,111,400
30,380
2,168,253
496,498
349, 017
3, 707, 575
1, 272, 350
316, 776
6,484,499
23, 320, 361
22, 859, 214
26, 553
70
3,138
52, 670
52,962
72, 153
550
67, 286
4,544
44,490
51, 199
85, 532
21, 231, 063
14,821,407
417, 357
133, 790
301, 960
29,371
152,049
519, 973
20, 361
11,243
764, 385
4,746
231, 905
235, 213
119, 274
2,835
3,465,194
2, 089, 298
2, 086, 160
2,065,864
85,380
47,587
37,756
1,980,572
986,524
1,102,774
20,296
510,352
95,581
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
116
RETURNS WITH NET INCOME
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL CROUP— Continued
Major industrial group — Continued
Manufacturing — Continued
Transportation, communication,
electric, gas, and sanitary services
KLectrical
machinery,
equipment,
supplies
Transpor-
tation
equipment,
except
motor
vehicles
Motor
vehicles
and motor
vehicle
equipment
Professional,
scientific, and
controlling
instruments;
photographic
and optical
goods; watches
and clocks
Other
manufac-
turing
industries
Total trans-
portation,
communica-
tion,
electric,
gas, and
sanitary
services
Transpor-
tation
Communica-
tion
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
Number of returns with net income, total
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last- in, first-out
Other than last-in, first-out
Not stated :
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable investments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization
Other assets
Total liabilities
Accounts payable.
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year. . . .
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Ifcid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond premium)
Wholly tajtable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents '[\[
Royalties
Net short-term capital gain reduced by net long-term capital loss.
Net long-term capital gain reduced by net short-term capital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts '..'.'...'.'.
Interest paid
Taxes paid '..'.'.'.'.'.'..
Contributions or gifts
Amortization.
Depreciation.
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net income, total (70 less 43)
Returns other than Form 1120-S:
Net income (71 less 79 1
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than Form
1120-S (70 less 77) .
Form 1120-S, net income (71 lees 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
4,349
260
1,106
(')
1,133
S3
1,598
103
,601
774
26, 331
1,777
19,855
1,346
3,579
288
(ThaiMmnd dolttrt)
13, 331, 893
821,785
3,283,090
37,708
3, 633, 256
509,097
1,405,627
1,718,532
L22,077
568,139
21, 173
207,113
1,529
8,168
1,481,148
5, 511, 109
2,730,624
3,986
2,474
103,957
30,290
11,131
317, 010
13, 331, 893
1,053,292
36
399,615
1,030,630
10, 785
1,634,155
1,161,803
221, 395
1, 913, 157
1, 376, 296
149,976
4, 380, 753
20, 838, 631
20, 568, 302
25,451
21
4,731
37,183
13,563
41, 350
3,234
27,006
1,820
13,123
40,948
61,899
19,334,742
14, 126, 118
194, 621
134,330
166,696
27,840
104,153
520,271
17,776
19,006
417,924
341
335,493
226,916
119,405
2,392
2,921,460
1, 503, 889
1,499,158
1,493,398
43,498
32,277
11,142
1,449,783
735,561
768,328
5,760
45J.246
74,353
6, 658, 526
376,112
1,486,055
6,520
2,380,303
27,187
819, 826
1, 533, 290
7,275
76,464
60,635
92,281
1,181
1,253
448,448
2.703,121
1, 361, 409
2,211
354
81,298
43,277
5,520
274,415
6,658,526
1, 233, 108
626
457,994
565,039
2,707
646,488
458, 231
55,128
634,066
723,092
52,470
1,829,577
11,306,956
11, 223, 936
278
11,119
10,002
9,619
104
10,156
763
5,586
4,415
27,009
10, 764, 629
i, 125, 570
57,441
69,645
140,073
3,911
60,896
227, 242
7,610
47,843
173,029
336
30,921
106,957
55, 551
667
656,937
542,327
542,049
540,709
9,753
5,004
4,749
530,912
271,231
271,096
(M
141,675
34,111
17, 076, 143
733,388
1, 571, 335
13,450
3, 176, 526
283, 711
1, 090, 114
1,802,701
254,979
2,435,450
264
362, 598
135
3,127
2, 845, 656
10, 847, 329
5, 682, 813
6,690
2,523
122, 710
3,451
668
411, 959
17, 076, 143
1, 250, 141
141,495
2, 053, 640
1,212
1,148,586
269, 108
398,046
1,460,887
1,429,314
409, 144
8, 514, 570
25,879,400
25,392,727
96,302
125
6,979
41,453
14,471
11,051
3,102
21,064
11
79,060
132,848
80, 207
22,763,530
18, 288, 723
71,481
35,594
294,721
15,887
69, 267
1,008,770
12,402
5,571
693, 322
434
191, 403
252,877
206, 308
2,831
1,613,939
3,115,870
3, 108, 891
3,107,263
77,151
7,590
67,062
3,031,327
1,567,260
1,548,610
1,628
882,092
14,077
4, 599, 731
261, 266
1,044,717
11,913
1, 270, 151
144, 671
692,596
432,884
17,495
322,708
8,418
54,740
683
3,643
357, 194
2,152,932
1,010,349
509
93
50, 302
22,604
4,630
59,354
4, 599, 731
286, 153
318
273,714
497,753
4,186
537, 866
148,131
56, 216
771, 089
606,931
50,494
1,366,880
5,999,376
10, 781
37
989
7,141
5,978
10,848
32
9,008
122
3,210
.20,607
20,128
5, 360, 161
3, 559, 005
75, 395
45,819
75,002
5,195
38,843
143,768
8,253
4,961
166,227
2
141, 514
99, 699
36,419
580
959,479
639, 215
638, 226
635,400
6,930
4,206
2,724
627,297
319,323
319,892
2,826
171,817
32,901
3, 667, 599
301,438
924,079
32,906
985,845
51, 260
544,195
390,390
18, 697
82,467
3,180
43,709
4,170
3,088
354, 707
1, 576, 262
788, 940
58,401
11,061
46,008
7,667
2,139
92, 927
3, 667, 599
360, 575
692
292,205
281, 975
7,227
332, 655
89,638
112,094
529,289
314, 327
31,197
1,315,725
5,740,568
5,649,105
2,934
20
470
12,666
7,697
3,169
743
16,387
3,185
5,950
4,404
33,838
5, 381, 956
3,861,726
154,880
53,075
49, 921
14,998
37,497
121,388
4,207
1,035
111, 935
4,305
105,544
37,085
23,442
1,023
799,895
358, 6L2
358, 142
351,283
18,244
13,104
5,068
333,207
159,028
199,584
6,859
82,596
13,378
127,803,968
3, 138, 705
4,965,921
49, 869
2, 768, 913
7,681
379, 156
2,382,076
46, 545
2, 830, 176
70,411
2,151,401
11,867
16,748
5,969,267
135,747,775
32, 825, 274
202, 022
100, 030
741,951
160,412
42,412
1,999,439
127,803,968
3, 373, 708
4,189
2, 305, 086
6,625,715
53, 310
48, 875, 999
3,147,439
5, 627, 073
27, 332, 660
7, 665, 661
1,113,905
21, 679, 223
56,958/
55,549,108
83,702
172
9,870
160,072
432, 603
38,343
5,143
150,798
24, 380
121, 022
15,067
368, 708
49,418,719
31,719,961
459, 504
915,384
191,438
94, 019
1,971,283
3,654,497
38,368
531, 817
4,643,258
114, 024
243, 533
672, 527
280, 537
6,876
3, 881, 693
7, 540, 269
7, 530, 399
7,503,380
250,367
123,499
100,384
7,254,672
3,695,380
3, 844, 889
27,019
3, 146, 299
162, 255
1,475,813
2,289,715
10,368
605, 014
1,665
67,248
536, 101
25,517
1, 261, 337
46,685
444,617
9,419
10, 192
2,804,418
35, 390, 485
11,442,355
149, 217
81,756
291, 755
63,291
21, 374
1, 060, 023
34, 371, 645 30, 489, 465
34, 371, 645
1,805,021
1,027
835,062
1,455,984
47,454
10,096,651
737, 242
441,069
5, 764, 625
1,265,055
478, 240
11,444,215
22, 140, 555
21,170,429
42, 353
108
4,342
77,467
339,490
16, 826
4,268
109, 595
9,106
56, 502
2,716
307,353
20, 789, 034
14,059,815
301, 310
683,107
99,560
14,341
451, 537
1, 184, 230
10, 114
224, 190
1,401,539
24,868
105, 328
125,434
111, 803
3,432
1,988,426
1,351,521
1, 347, 179
1,327,247
109,729
61,368
47,792
1,219,100
577,067
774,454
19,932
576,474
70,173
475, 828
748,155
10,690
802,607
1,850
152, 012
648,745
7,503
1, 137, 023
458
1,398,950
614
6,268
1, 586, 331
31, 115, 248
7,139,184
7,314
1,207
85,046
89,510
19, 558
199, 249
30,489,465
350, 171
63
233, 523
2,573,752
977
9, 509, 737
458,987
357,639
9,703,629
3, 129, 348
190, 593
3,981,046
15, 211, 047
14,988,962
24, 201
36
3,849
29,589
57,074
8,615
527
15,359
14, 616
43,425
3,124
21, 670
12,270,714
8, 053, 815
72,606
168,448
84,389
50,035
369, 737
875,400
12,208
21,799
1,064,279
178
94,858
319,024
107,091
638
976, 209
2, 940, 333
2,936,484
2,931,201
54,666
17,055
36,789
2,876,629
1,487,500
1,452,833
5,283
924,663
20,280
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960- JUNE 1961
RETURNS WITH NET INCOME
117
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
liajor industrial group — Continued
Transportation, communi
cation, electric, gas, and
sanitary services — Con.
Electric
and gas
companies
and systems
Water
supply
and other
sanitary
services
Wholesale and retail trade
Total
wholesale
and retail
trade
Wholesale trade
Total
wholesale
trade
Groceries
and related
products
Electrical
goods,
hardware, and
plumbing and
heating
equ ipment
and supplies
Other
wholesalers
Retail trade
Total
retail
trade
(35)
Number of returns with net income, total.
Form 1120-S
Total assets.
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last-in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable in-
vestments.
Loans to stockholders
Mortgage and real estate loans
Other investments ,
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land.
Intangible assets
Less: Accumulated amortization..
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or
more.
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations ( less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt -
Other Interest
Rents
Royalties
Net short-term capital gain reduced by net long-term cap-
ital loss.
Net long-term capital gain reduced by net short-term cap-
ital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations. . .
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net income, total (70 less 43)
Returns other than Form 1120-S:
Net income (71 less 79)
btatutory special deductions, total
Net operating loss carryforward.
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other
than Form 1120-S (70 less 77) .
Form 1120-S, net income ( 71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(M
1,911
113
214, 638
25, 171
79,977
8.477
9,487
1,209
9,774
864
60,716
6,404
122, 675
15,132
7,984
903
(Thousand dollars)
61,046,939
, 139, 237
, 871, 693
28, 062
, 345, 425
4,081
156,277
., 185, 067
11,604
395, 542
23,167
295, 559
1,479
112
,369,971
',481,089
1, 929, 769
44,837
17,067
332, 500
5,331
1,304
705,595
1, 178, 160
2,922
1, 139, 331
2, 538, 134
(M
28, 523, 679
1,818,148
4,699,974
11, 523, 539
3, 152, 592
429,994
6,040,456
19, 214, 739
19,012,406
16, 886
28
1,656
50,900
34,809
12,847
280
21,602
618
18,064
9,216
35,427
16,040,421
9,463,012
75, 387
62,498
4,182
29, 110
1, 116, 124
1, 553, 831
15,787
285, 138
2, 134, 328
88, 962
42,992
225,788
60, 249
2,576
880,455
3, 174, 318
3,172,662
3,172,513
82,184
43,999
13,518
3,090,322
1,598,438
1, 575, 880
i1)
1,617,432
67, 089
1, 895, 919
47, 827
56, 358
749
15,867
85
3,619
1% 163
1,921
36,274
101
12, 275
355
176
208, 547
1,760,953
313, 966
654
32, 650
2,280
176
40,356
177
97, 170
57,845
4,869
745, 932
133,062
128, 391
340, 867
118, 666
15, 078
213, 506
392, 647
23
2,116
1,230
55
68
4,242
40
3,031
11
4,258
318,550
143, 319
10, 201
1,331
3,307
533
33,885
41, 036
259
690
43,112
16
355
2,281
1,394
228
36, 603
74, 097
74, 074
72,419
3,788
1,077
2,285
68,621
32,375
41,722
1,655
27,730
4,713
75,884,771
7, 517, 000
22, 670, 660
700,076
22, 587, 098
731,074
10,654,423
11, 201, 601
155,825
912, 743
60,663
1, 180, 652
71,324
125,505
7, 011, 729
20,127,433
9, 157, 771
118, 262
45,257
1, 524, 995
107, 288
28,915
1, 645, 613
75,884,771
13,483,13"
16,782
6,858,905
4, 308, 675
309, 538
7, 536, 323
2,469,783
1,457,897
11,807,484
3,864,261
531, 140
23, 240, 844
223, 220, 369
219,777,821
33,411
498
8,287
283, 545
372,880
20,154
5,181
208, 623
23,996
156, 561
153, 843
2,175,569
217,334,935
175,783,480
3, 504, 515
2, 518, 396
494, 857
426, 068
781, 271
2, 409, 624
71, 162
20,654
1,686,017
28,581
2, 212, 189
385, 309
203,496
10, 396
26, 798, 920
5,885,434
5, 877, 147
5,622,177
339,273
186,395
130,361
5,284,359
2,359,415
3,526,019
254,970
1,185,366
249,443
36,596,212
3,092,559
13, 033, 669
246, 624
10, 178, 742
383, 943
4, 798, 517
4, 996, 282
111,031
580, 123
30, 588
597, 684
28,506
53,868
4, 226, 084
6,780,611
3, 109, 202
73,771
27, 085
492, 035
52, 802
17,499
664,549
36, 596, 212
7,244
3,739,442
1,742,760
126, 535
3,467,564
1,111,093
667, 617
5, 305, 671
1, 919, 226
263, 041
10,158,439
113, 577, 146
112, 001, 862
20, 995
223
3,951
122,549
129,583
14,454
3,465
93,927
9,216
95,858
126, 372
954, 691
110, 926, 628
95, 962, 217
1,709,530
525,723
161, 884
178, 881
377,264
967, 983
32,407
11,543
571,565
24,721
653, 422
162, 032
74,885
4,441
9, 508, 130
2, 650, 518
2, 646, 567
2,531,928
174,654
72,506
80,080
2,358,979
1,044,283
1,606,235
469,327
135,233
3, 739, 653
350, 773
1,187,476
21, 577
1,063,499
36, 146
513,626
513,727
9,101
56, 501
6,047
40, 981
3,886
7,087
400, 808
937, 371
441, 052
2,979
1,565
50,943
4,793
905
82,507
3,739,653
2,455
396,821
177, 559
8,930
342,007
135,079
61, 933
606, 525
212, 908
32,923
959, 722
20, 242, 510
2,004
4
260
9,432
22, 830
316
239
10, 286
943
6,676
10, 793
158, 256
19,972,599
18, 038, 244
207,464
68,962
26,041
21,441
37, 816
100,432
2,980
958
85, 369
208
71, 710
16,418
9,876
879
1, 283, 801
269,911
269, 651
252,112
16,217
10,299
5,556
235,794
102,477
167,434
17,539
50,918
16,425
4, 060, 725
349,464
1,590,429
40, 856
1,408,332
40,949
701, 157
666, 226
4,405
79,682
3,155
28,906
2,269
4,876
217, 045
555, 741
254,367
1,738
722
56, 141
3,462
1,146
52, 171
957, 954
330
336, 118
203,937
12,867
238, 116
176, 778
90,301
669,767
110,409
16,455
1, 247, 693
11, 211, 902
11,080,839
1,032
11
126
11,984
8,568
4,066
421
1,791
87
102,098
10,940,127
9, 084, 254
223, 996
64,029
10,202
34,266
35,215
90, 553
3,401
489
47,002
1,242
81,288
19,456
9,885
206
1, 234, 643
271, 775
271,649
260,746
10,482
7,512
1,371
249,992
107,013
164,762
10,903
37,419
35,988
28, 795, 834
2, 392, 322
10,255,764
184, 191
7,706,911
306,848
3,583,734
3, 816, 329
97, 525
443, 940
21, 386
527, 797
22,351
41,905
3, 608, 231
5,287,499
2,413,783
69,054
24,798
384,951
44,547
15,448
529, 871
28,795,834
6, 326, 835
4,459
3, 006, 503
1, 361, 264
104, 738
2,887,441
799, 236
515, 383
4,029,379
1, 595, 909
213, 663
7,951,024
82, 122, 734
80,900,552
17, 959
208
3,565
101, 133
98, 185
13,330
3,155
79, 575
7,852
87,391
115,492
694, 337
i, 013, 902
68,839,719
1, 278, 070
392, 732
125, 641
123,174
304, 233
776, 998
26,026
10, 096
439, 194
23, 271
500,424
126,158
55,124
3,356
6, 989, 686
2, 108, 832
2, 105, 267
2,019, 07C
147,955
54,695
73,153
1,873,193
834,793
1,274,039
86,197
380,990
82,820
36, 256, 172
4,156,037
8,714,439
430, 103
11,594,409
325, 010
5,481,999
5,787,400
42, 556
306, 701
27,101
542,235
40,871
64,677
2, 519, 109
12, 347, 493
5,581,420
35,132
12, 999
935, 502
51,315
10,749
913, 866
36, 256, 172
4, 866, 354
9,443
2, 897, 536
2,410,731
168, 263
3, 773, 872
1,191,495
724, 324
5,939,020
1,813,804
232, 605
12, 228, 725
102, 348, 725
100, 637, 991
11, 301
155
3,900
152, 374
222,903
4,841
1,627
85,515
13,956
53,733
27,354
1, 133, 075
99, 355, 559
74,255,471
1, 632, 287
1,919,973
307, 559
226, 925
374, 053
1, 325, 117
36,437
8,429
1,034,069
3,593
1,496,726
213, 361
123,818
5,786
16,391,955
2, 993, 166
2, 989, 266
2,862,096
146,896
101,919
44,534
2,714,1
1,230,631
1,762,535
127,170
677,589
107,373
5,053,699
686,513
356, 954
3,629
1, 613, 348
83,433
903, 653
626, 262
5,617
75,346
1,871
90,454
3,636
11,532
331, 753
2, 695, 646
1, 131, 083
3,657
1,029
133,792
10,928
2,892
171,085
5, 053, 699
966, 506
2,375
130,409
408, 445
13,138
574,364
123,361
111, 541
632,403
705,867
26,780
1,358,510
27, 607, 568
27,443,722
2,728
482
7,874
16, 605
1,547
461
13,687
528
2,474
115
117,345
26,992,672
21, 871, 594
127, 099
348,927
82,408
8,900
36,079
263, 771
7,143
1,165
259,332
73
264, 656
62, 254
56,213
623
3,602,435
614,896
614,414
605,339
7,
5,828
2,040
597,700
293, 546
321,350
9,075
134,607
47,973
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
118
RETURNS WITH NET INCOME
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
-BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
liajor industrial group — Continued
Wholesale and retail trade — Continued
Retail trade — Continued
General
merchandise
Apparel and
accessories
Furniture,
home
furnishingBj
and
equipment
Automotive
dealers and
gasoline
service
stations
Eating and
drinking
places
Building
materials,
hardware,
and farm
equipment
Other
retail
stores
Wholesale
and retail
trade not
allocable
(44)
(45)
(46)
(47)
(48)
(49)
(50)
Number of returns with net income,
Form 1120-S
Total assets
Cash
Notes and accounts receivable.
Less: Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-tenn marketable investments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less : Accumulated amortization
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more...
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital loss.
Net long-term capital gain reduced by net short-term capital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations...
Compensation of officers
Rent paid on business property.
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans.
Net loss, sales other than capital assets
Other deductions
Compiled net profit C 39 less 53)
Net income, total ( 70 less 43)
Returns other than Form 1120-S:
Net income (71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other than
Form 1120-S (70 less 77) .
Form 1120-S, net income (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
8,605
615
16, 511
1,664
12, 203
1,593
19, 719
2,353
14, 106
1,637
14,564
2,218
28, 983
4,149
(Thousand dollars)
11, 980, 574
1, 736, 283
2,788,999
231, 001
3, 387, 678
115,347
1,249,945
2, 022, 386
16,997
118, 672
4,990
187,962
1,611
15, 163
1, 040, 842
4,189,731
1, 821, 496
3,858
2,015
341,843
5,208
469
195, 718
11, 980, 574
1, 135, 710
106
379, 324
888, 918
10,844
1, 521, 613
300,495
313, 857
1, 696, 122
569, 336
99, 816
5,064,433
23, 397, 350
22,955,153
4,922
46
357
56,138
91,644
511
219
25,445
657
28,002
26,911
207,345
22, 310, 328
14, 795, 103
152, 578
540, 123
79, 569
75, 551
112, 729
410, 268
13, 301
1,266
295, 585
185
578,831
103, 505
14, 614
1,733
5,135,387
1, 087, 022
1, 086, 665
1,081,805
35,775
11,808
23,872
1,046,439
521,234
565,788
4,860
359,543
14,808
3, 103, 223
332, 352
767, 007
18,455
1, 149, 175
30, 859
569, 334
548, 982
8,585
32, 575
7,383
40, 262
6,603
1,574
313,095
761, 610
412,074
663
384
34,495
4,090
1,522
76, 189
3, 103, 223
579, 175
225
189, 016
179, 981
20,854
239, 605
69,879
85,003
514, 545
156,825
13,031
_V^> 5 ■ W>4_
6, 819, 587
6,648,396
1,222
21
264
7,206
29, 258
449
138
4,560
731
8,786
49
118, 507
6, 603, 379
4, 310, 561
176, 925
328, 186
19,458
16, 199
21, 551
102, 117
3,673
1,226
65, 350
143
153, 949
9,055
6,888
769
1,387,329
216, 208
215,944
207,002
18,185
10,943
7,093
187,766
74,767
141,441
8,942
38,662
8,136
2, 336, 667
178, 503
1,045,731
29,025
660, 206
16, 503
286, 809
356, 894
1,367
16,951
4,649
23,899
4,462
5,956
128, 660
381,479
174, 511
919
537
34,503
1,238
451
52, 668
2, 336, 667
356, 156
1,585
199,498
109,497
15, 288
188, 675
217,784
38, 551
465, 732
55,887
22,921
665,093
4,197,454
3,997,399
526
4
128
12,388
11,315
78
81
3,339
784
1,630
1
169, 781
4,069,984
2, 621, 792
168, 155
107, 722
10, 093
25, 978
21, 818
60, 236
1,689
381
34,877
340
119, 187
5,018
3,073
571
889, 054
127, 470
127, 342
115,000
9,104
7,757
1,347
105,554
39,726
87,744
12,342
13,084
4,948
4, 989, 859
398, 177
1,118,482
29,854
2, 226, 611
30,822
1, 191, 095
1, 004, 694
4,167
15,622
2,857
80,437
9,319
7,323
210,728
1, 155, 632
538, 570
6,767
3,054
179, 825
3,948
791
142, 233
4, 989, 859
474, 123
3,796
1, 157, 018
256, 244
33, 088
471,438
147, 524
67,545
840,483
66,346
28, 011
1, 444, 243
20,824,723
20,468,035
284
6
110
26,000
28, 630
116
242
13,572
3,856
3,812
2
280, 058
20, 532, 299
17,502,452
322,818
166, 745
31,996
32,909
94,196
182, 150
3,401
1,582
103, 262
520
178,856
8,121
19,957
509
1,882,825
292,424
292, 314
265,836
18,863
16,033
2,830
246,890
96,838
195,586
26,478
37,770
176,437
166, 250
893
97, 823
2,106
54, 224
41,493
992
10, 075
216
35,158
6,811
3,549
92,474
1, 049, 220
479, 769
2,889
973
56,425
9,140
2,696
70, 213
1, 293, 341
185, 530
12
87, 570
95,426
10, 740
181, 835
44,557
11, 258
249, 850
46, 370
1,928
378, 265
3,608,035
3, 547, 313
2,299
2,075
10, 674
515
47
5,348
4,321
1,277
33,932
3,468,654
1,873,747
140,251
170, 015
37,475
1,359
11, 735
89, 206
1,351
945
92, 962
248
33,723
4,638
8,395
663
1, 001, 941
139, 381
137, 082
126,455
10,653
9,563
1,090
115,744
46,691
92,690
10,627
17,443
8,328
3, 075, 510
226, 481
1, 025, 990
27,644
1,095,989
25,209
509,164
561, 616
1,383
15,345
2,879
23,841
3,669
14, 633
170, 730
752, 676
381, 531
7,973
2,875
83, 918
2,663
302
59, 692
437, 889
291
319, 558
122, 333
25, 671
236,936
56, 338
37, 188
741, 232
79,133
15,602
1, 003, 339
5,944,984
5,825,457
594
62
49
13, 829
13,221
329
128
8,322
1,919
3,334
9
77, 731
5, 773, 783
4, 485, 975
194, 566
45,916
16, 375
27, 537
30, 223
77,999
2,157
248
62,842
1,209
43,364
5,818
4,678
393
774,483
171, 201
171, 152
147,810
11,955
9,261
2,694
136,346
49,980
121,221
23,342
28,234
8,731
4,423,299
421, 291
1,445,026
89, 602
1, 363, 579
20,731
717,775
625,073
3,448
22, 115
2,256
60,222
4,760
4,947
230, 827
1,361,499
642, 386
8,206
2,132
70, 701
14,100
1,626
146, 068
4,423,299
731,265
1,053
435, 143
349, 887
38,640
359,406
231, 557
59, 381
798, 653
134,040
24, 516
1,259,758
9,949,024
9,752,516
791
16
211
26,864
21, 556
1,296
311
11,242
1,160
4,418
267
128, 376
9, 604, 460
6, 794, 247
349,895
212, 339
30,185
38,492
45, 722
139, 370
3,722
1,616
119,859
875
124, 160
14,952
10,000
525
1,718,501
344,564
344,353
312,849
34,493
30,726
3,568
278,459
li ■'..-•40
236,715
31,504
48,246
9,641
(51)
11, 986
1,562
268,404
922, 552
23,349
813,947
22, 121
373, 907
417,919
2,238
25, 919
2,974
40, 733
1,947
6,960
266, 536
999, 329
467, 149
9,359
5,173
97, 458
3,171
667
67, 198
3, 032,387
529, 205
95
221, 927
155,184
14,740
294, 887
167, 195
65, 956
562,793
131,231
35,494
853, 680
7,137,968
1,115
120
436
8,622
20, 394
859
89
29, 181
824
6,970
117
87,803
7, 052, 748
5, 565, 792
162, 698
72,700
25, 414
20, 262
29,954
116,524
2,318
682
80, 383
267
62,041
9,916
4,793
169
898,835
241,750
241, 314
228,153
17,723
11,970
5,747
210,482
84,501
157,249
13,161
38,450
6,837
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
RETURNS WITH NET INCOME
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
119
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Major industrial group — Continued
Total
finance,
insurance,
and real
estate
Banking
Finance, insurance, and real estate
Credit
agencies
other than
banks
Holding
and other
investment
companies
Security and
commod ity
brokers,
dealers,
exchanges,
and services
Insurance
carriers
Insurance
agents,
brokers,
and
service
Real estate
except
lessors
of real
property
other than
buildings
Lessors
of real
property
except
buildings
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
Number of returns with net income, total.
Form 1120-S
Total assets
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations:
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable in-
vestments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less: Accumulated amortization.
Other assets
Total liabilities
Accounts payable
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or
more.
Other liabilities
Capital stock, preferred
Capital stock, common
Raid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits
Total compiled receipts
Business receipts
Interest on Government obligations ( less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term cap-
ital loss.
Net long-term capital gain reduced by net short-terra cap-
ital loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net income, total ( 70 less 43)
Returns other than Form 1120-S:
Net income ( 71 less 79)
Statutory special deductions, total
Net operating loss carryforward
Dividends received deduction ■
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other
than Form 1120-S (70 less 77) .
Form 1120-S, net income {71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation ' s own stock
204, 991
6,427
14, 074
Cl5
28,836
457
7,294
t1)
1,600
87
2,732
C1)
11,662
1,712
134,136
4,026
4,657
f1!
(Thousand dollars)
543, 582, 161
60, 620, 262
149,576,446
2,436,551
74, 921
544
37,044
37, 333
27, 612, 184
78, 343, 196
1, 141, 537
1, 392, 701
123, 656
72, 757, 270
113, 511, 661
28, 787, 638
7,801,409
775,675
287,075
6,429,135
167, 061
35, 118
12, 828, 971
288, 356, 087
52,970,871
115,663,407
1,883,436
59
59
16, 359, 641
64, V 6, 413
615,045
348,378
17,153
24,375,232
9, 727, 792
3, 507, 887
504,438
2,400
682
218,471
2,036
281
2, 790, 139
543, 582, 161
7,254,420
262,573,801
15,738,517
2, 885, 119
1. 687. 228
30,515,781
137,247,920
1,578,181
19, 724, 001
22,786,449
7,098,453
34,492,291
61,558,474
2,301,796
37,305
865,427
14, 565, 338
2, 597, 803
252, 065
31,404
1, 330, 505
1,399,938
1, 597, 154
72, 052
1, 011, 134
51, 529, 635
16,030,167
1,947,715
674, 896
242, 898
768, 528
5,219,703
2, 039, 345
65,349
13,394
1,456,072
152,858
422,600
418, 093
153,500
249,448
21, 675, 069
10, 028, 839
9,163,412
9,087,863
1,155,915
279,414
374,031
9,002,669
3,101,053
6,927,786
75,549
3,280,379
339,000
288, 356, 087
1,562,406
254,486,247
1, 191, 360
887, 017
8,225
276, 142
5,199,261
26, 974
6, 044, 364
7, 896, 149
1,835,025
8,942,917
12,488,133
1,685,076
1, 865, 759
34,310
494, 550
7,696,437
177,461
2,762
10, 980
346,073
7,251
59,995
1,133
106,346
9,011,419
3,208
881, 994
162, 158
53,544
445, 810
2,732,026
382, 057
36,906
800
270, 824
1,016
170,498
229,475
48,447
238, 179
3,354,477
3,476,714
2, 982, 164
2,982,006
67,719
20,366
47,261
2,917,062
1,363,459
2,113,255
t1)
836,308
138 , 591
46,495,050 23,146,350 3,843,216 145,128,801
2, 212, 679
28,048,482
519, 864
21,767
13
18,124
3,630
131, 696
1,010,385
279,554
209,721
34,231
6, 626, 819
7, 362, 983
596, 824
171, 970
53, 102
13, 625
156, 857
20, 282
3,159
438, 286
46,495,050
1, 993, 824
8,029,089
10,416,251
598,390
1,276,879
13,784,839
2,597,797
539,601
2,550,944
1, 252, 596
617, 146
2,837,694
4, 574, 836
1,906,058
44,041
892
3,892
2, 270, 261
25,504
807
3,468
71,493
10,884
90,448
12,278
134,810
3, 617, 650
88, 269
168, 250
71,076
6,040
292, 051
1, 561, 233
100, 107
4,813
1,880
46,597
562
62,646
24, 837
7,964
1,576
1, 179, 749
957, 186
953, 294
943,678
112,504
35,659
75,995
832,509
374,346
582,840
9,616
312,432
36,756
506, 232
457, 501
2,839
2,386
667
1,719
222, 010
967, 766
36,095
287, 042
9,726
294,481
19,779,301
281, 762
112,513
272,991
82,588
54, 723
21,204
6,407
157,477
23, 146, 350
410, 104
10,344
212, 603
163,459
5,312
585, 637
1,750,460
472,290
4, 111, 324
11, 510, 191
1, 265, 138
2,649,488
2, 087, 451
167,791
35,906
401
15,703
161, 221
25,689
75,043
7,172
579, 693
1,317
907, 218
53, 091
57, 206
457,1
25,509
25,712
6,999
787
1,618
41,767
20,953
2,800
546
14,455
76,112
1,329
2,981
658
1,477
234, 105
1, 629, 643
1,613,940
1,613,920
406,050
8,974
395,802
249,859
99,609
1,530,034
t1)
1,401,539
95,828
242, 794
1, 106, 237
252
154
63,671
828, 517
34,776
127,066
3,743
2,861
1, 191, 256
78, 705
39,112
2,549
529
15,798
321
121
184, 782
3,843,216
806, 388
17,476
493, 514
168, 529
5,054
1, 230, 684
511,388
37,909
162,851
69,774
8,098
331, 551
2, 521, 610
224, 953
4,636
4,868
366
4,502
10,700,846
11,040,407
131,692
22,793
(M
40,666,771
70, 100, 217
1, 574, 114
57,625
2,986
17
18,978
13,210
287
8, 167, 907
145, 128, 801
743, 201
218, 532
20, 978
43
5,617
40, 259
2,029
469
2,894
13,616
379, 793
9,275
760
48,936
,831
16,433
94,188
18,155
1,056
713
62, 951
21,633
1,078
111
6,636
342
17, 575
15,233
2,151
2,430
346,146
136, 370
130, 753
129,004
11,950
4,383
7,567
117,840
55,300
81,070
1,749
21,024
2,690
111,824
1,086
19,648
134,390
(M
68,358
125, 586, 719
9,573
1,659,498
451, 506
3, 081, 827
14,004,118
1,721,705
326,235
716, 933
6,572
375
38
131
206
8,728
32,838
2,522
27,439
6,089
12,306
332, 036
174, 543
66,046
818
299
20, 261
22, 280
1,069
112, 288
1, 721, 705
33, 132, 117
26,978,977
320, 981
1,486
337, 101
4, 243, 678
397, 156
10, 928
1,081
68,115
659
441,248
2,377
328,330
31, 029, 115
15,495,748
127,203
155, 322
2,072
5,964
27,413
690, 162
6,284
252
181, 304
6,507
52,227
119,159
80,466
398
14, 078, 634
2, 103, 002
1, 765, 901
1,765,470
336,939
62,222
274,710
3,446,860
702,193
1,400,809
f1)
375,980
27,696
723, 540
10
84,380
76,785
6,437
83,070
55,481
19,119
199, 275
43,324
55, 308
374, 976
1, 342, 778
1,244,452
1,263
9
360
5,528
5,547
25
185
9,500
406
12,781
1,457
61, 265
1,189,440
267, 255
211,708
35,815
2,440
7,944
6,547
24,035
1,911
717
20,023
29
14,257
13,845
5,082
204
577, 628
153, 338
152,978
135,225
15,359
4,866
10,492
119,843
47,327
106,011
17,753
35,685
3,843
32,487,621
1,746,780
3, 266, 839
18,337
31, 862
493
14,448
16, 921
108, 896
270, 757
36,681
358,561
51,324
770, 832
4,788,129
21,046,743
6, 623, 047
58, 022
13,526
5,633,813
77,588
20, 850
916, 554
32,487,621
1, 564, 279
29,396
3,214,780
814, 273
380,078
13, 686, 113
1,466,706
385,677
4, 299, 298
1, 378, 072
212, 502
5,056,447
6,844,418
3, 243, 779
11,213
134
7,432
144,806
1, 876, 278
6,251
5,412
210, 967
998,450
71,771
886
267,039
5, 398, 991
107,681
431,612
221, 714
175, 257
13,236
762, 307
772,411
11,096
8,008
894, 185
2,674
103, 901
11,789
8,569
5,131
1,869,420
1,44^,42^
1,437,995
1,396,722
197,103
138,288
58,569
1,204,470
411,604
1,033,823
41,273
231,712
32,862
2,403,331
93, 061
92,094
615
13,450
3,308
10, 142
16,696
46,113
5,172
11, 701
1,376
7,968
229,947
1, 527, 060
226,658
382,807
175,809
310,234
10, 140
2,944
61, 538
2,403,331
82,055
153
105,981
42, 276
4,989
800, 938
80,108
87,038
696,447
184,837
23,409
295,100
345,540
51,888
1,655
30
772
3,148
88,139
155, 780
212
31,048
1,178
4,418
70
7,202
218,381
26,064
7,048
3,657
1,702
1,192
25,459
27,987
461
1,080
22,048
65,616
167
774
163
53
34,910
127,159
126, 387
121,838
8,291
4,656
3,635
114,226
47,215
79,944
(M
65,699
734
Footnote at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
120
RETURNS WITH NET INCOME
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 30.— BALANCE SHEETS AND INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued
Number of returns with net income, total.
Form 1120-S
Total assets.
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories, total
Last-in, first-out
Other than last- in, first-out
Not stated
Investments, Government obligations;
States and possessions
United States obligations
Not stated
Other current assets, including short-term marketable invest-
ments.
Loans to stockholders
Mortgage and real estate loans
Other investments
Depreciable assets ■
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land
Intangible assets
Less; Accumulated amortization.
Other assets
Total liabilities
Accounts payable ■
Deposits and withdrawable shares
Bonds, notes, mortgages payable maturing in less than one
year.
Other current liabilities
Loans from stockholders
Bonds, notes, mortgages payable maturing in one year or more.
Other liabilities
Capital stock, preferred
Capital stock, common
Paid-in or capital surplus
Surplus reserves
Earned surplus and undivided profits ,
Total compiled receipts
Business receipts
Interest on Government obligations (less amortizable bond
premium) :
Wholly taxable
Subject to surtax only
Wholly tax-exempt
Other interest
Rents
Royalties
Net short-term capital gain reduced by net long-term capital
loss.
Net long-term capital gain reduced by net short-term capital
loss.
Net gain, sales other than capital assets
Dividends, domestic corporations
Dividends, foreign corporations
Other receipts
Total compiled deductions
Cost of sales and operations
Compensation of officers
Rent paid on business property
Repairs
Bad debts
Interest paid
Taxes paid
Contributions or gifts
Amortization
Depreciation
Depletion
Advertising
Amounts contributed under pension plans
Amounts contributed under other employee benefit plans
Net loss, sales other than capital assets
Other deductions
Compiled net profit ( 39 less 53)
Net income, total (70 less A3)
Retui-n£ other than Form 1120-S:
Net income .
Statuto.y upecisl deductions, total
Net operating lost* carryforward
DiviiK-nds received deduction
Income subject to tax
Income tax
Total compiled net profit less income tax on returns other
than Form 1120-S (70 less 77).
Form 1120-S, net income (71 less 72)
Distributions to stockholders:
Cash and assets other than own stock
Corporation's own stock
Major industrial group — Continued
Services
Total
services
(61)
64,026
6,664
Hotels,
rooming
houses,
camps,
and other
lodging
places
(62)
5,323
568
Personal
services
(63)
11,649
1,553
Business
services
(64)
19, 208
1,574
Automobile
repair,
services,
and garages ;
and other
repair
services
(65)
10, 863
1,185
Motion
pictures
(66)
,229
239
Amusement
and
recreation
services,
except
motion
pictures
(67)
,537
592
Other
services
(68)
8,217
953
Nature of
business
not
allocable
(Thousand dollars)
13, 895, 142
1,475,147
2, 822, 259
36, 193
587, 847
15,416
189,848
382, 583
58, 556
220, 219
46,553
271, 251
21, 174
122, 053
1,785,258
9, 333, 383
4, 189, 071
13,288
3,981
707, 715
81, 027
35, 547
614, 204
1, 564, 141
11,044
1, 257, 181
833,702
75,798
3, 092, 137
676,775
186, 338
1, 908, 835
782, 376
104, 651
3, 402, 164
18,080,535
17, 180, 545
10, 367
31
2,691
44,598
348,223
40,974
4,316
111, 128
11,704
38, 405
17, 833
269, 720
16,764,742
9,119,411
909,595
528, 649
160,950
41,648
211,246
481,737
12, 931
33, 297
954,085
911
244,355
102, 496
54, 726
6,643
3,902,062
, 315, 793
, 313, 102
,244,662
113,961
78,600
32,190
,133,117
486,054
829,739
68,440
231,245
23,659
137,922
180, 551
2,585
40,847
358
23,429
17,060
2,237
17,506
1,660
31,422
2,458
63, 673
193, 597
2, 0O0, 482
797, 034
2,160
432
263, 135
4,213
896
62, 319
2, 203, 235
142, 148
98, 280
15, 226
875, 540
94,706
39, 212
322, 406
162,451
8,173
348,667
1, 741, 065
1, 529, 627
752
3
274
8,878
138,909
152
999
26, 662
755
3,875
377
29, 802
1, 623, 522
724, 050
39,146
87, 291
50,524
3,711
52,719
81, 589
1,331
635
126,882
56
32, 533
2,822
4,884
1,000
414, 349
117,5^3
117, 269
110, 199
13,252
9,595
3,655
98, 399
40,040
77,503
7,070
20,058
4,684
1, 340, 849
154, 379
246, 315
4,851
85,677
763
34,275
50, 619
3,200
23,623
2,055
23,229
5,373
4,900
110, 801
1, 049, 389
518, 547
3,044
756
50, 795
6,184
1,423
97,462
1,340,849
126, 142
136
96, 712
85, 589
13,665
206, 613
46, 355
21, 355
253, 250
41, 716
7,492
441, 824
2, 424, 038
638
10
2,512
6,602
403
263
550
2,201
2, 281, 552
1,209,034
144,622
86, 136
24,114
9,234
14,540
67,564
1,960
1,256
97,760
108
38,031
6,845
10,709
413
569, 226
142,481
142,410
125,317
8,999
7,228
1,770
116,424
47,089
95,397
17,093
- ' ,741
2,498
4, 685, 848
569,978
1,463,861
15,419
154, 155
585
54,215
99,355
33,349
82,074
12,494
101,344
5,524
11,431
858,285
2,177,703
1, 055, 304
2,257
536
54, 269
18,001
3,213
215, 595
4, 685, 848
788, 578
7,042
395, 510
318, 642
21,300
751, 309
252, 205
59,555
568, 293
271, 545
41,703
1, 210, 166
., 824, 068
6, 591, 847
3,285
18
1,402
17,970
70,360
25, 128
508
17, 165
4,487
16, 936
9,082
65,880
6, 342, 270
3,730,054
378, 569
113,867
25,937
14, 593
55, 186
115, 670
4,477
2,202
267, 574
74
44,885
60, 626
24, 212
1,214
1,503,130
481,798
480, 396
465,213
35,064
18,929
14,024
430,458
192,029
289,769
15,183
105,698
8,549
1, 587, 582
119, 246
219,750
3,217
81,881
1,490
49,424
30,967
726
8,013
739
29,655
1,672
1,585
56, 155
1, 571, 665
621, 937
3,382
1,207
74,471
5,583
1,184
40,604
1, 587, 582
122, 686
550
321, 214
79,879
9,037
479, 672
43, 601
9,400
164, 179
51, 956
3,139
302, 269
1, 818, 234
1, 691, 622
32
2,918
70, 095
37
634
2,010
590
34,094
1, 705, 482
803,022
100, 281
78,934
21,813
4,558
39,805
52,115
716
3,347
271, 076
230
16, 163
3,139
3,627
2,090
304, 566
112,752
112,720
102,544
8,322
7,958
364
94,563
34,177
78,575
10,176
13,010
2,075
1, 784, 062
160, 031
363, 190
2,692
179, 768
6,723
5,023
168, 022
6,288
36, 596
5,121
31,052
1,998
24, 356
379,967
953, 642
579,803
521
99
128, 795
30,403
21, 173
86, 101
230, 935
84,174
5,575
316, 729
109,950
27, 524
226, 164
150, 766
21, 524
469,007
1,620,051
1, 500, 132
3,229
181
5,891
30,407
11, 981
1,714
16,545
10
9,578
8,069
32, 314
977,153
34,872
43,090
10,406
1,958
17,711
34,755
894
22, 637
56,003
295
50, 176
2,411
2,606
616
204 . 620
159,848
159, 667
157,493
28,778
20,026
-'. J'
129,027
58,904
100,944
2,174
32,868
1,335
1, 264, 810
159, 038
96, 295
780
12,409
333
7,131
4,945
1,928
24, 551
13,390
32, 628
2,016
12,045
84,480
1, 092, 369
423, 394
1,761
885
97, 610
13,032
6,161
52,478
1,028,756
174, 553
252, 297
6,649
33, 110
5,144
16,351
11,615
10, 828
27, 856
11,094
21, 921
2,133
4,063
101,973
488, 133
193, 052
163
66
38,640
3,611
1,497
59,645
1,264,810
81, 654
530
110, 150
78,429
5,793
332, 965
58,344
11,714
222, 384
63,344
6,525
292, 978
1,009
219
2,508
23, 131
1,458
183
15,628
146
3,527
71
49, 517
624, 221
54,750
67,295
17,815
1,999
21, 819
82,264
2,241
1,537
95, 857
97
34,438
3,013
2,721
1,075
283, 547
147, 238
147, 019
141,536
12,848
9,942
2,889
.
56,835
90,403
5,483
16,922
1,341
1, 028, 756
117, 724
2,774
49, 741
88,709
5,202
129,309
71, 614
17, 578
152, 159
40, 598
16,095
337, 253
2, 211, 152
2, 131, 328
507
3,921
8,719
1,815
15
12,254
3,746
1,698
234
45,704
2,057,024
1, 051, 877
157, 355
52,036
10,341
5,595
9,466
47, 780
1,312
1,683
38,933
51
28,129
23,640
5,967
235
622, 624
154, 128
153,621
142,360
6,698
4,922
1,408
135,494
56,980
97,148
11,261
16,948
1,177
(69)
2,156
135
25, 389
43, 127
9
3,896
5
1,542
2,349
1,198
302
431
4,326
902
6,648
18,725
35,384
9,774
2,049
792
3,273
283
8
9,157
25, 260
46
12,068
5,549
1,157
20,349
19,979
791
25,605
10,080
273
23, 350
82, 755
74, 627
13
6
51
322
2,859
29
1,126
48
69, 959
21, 524
9,497
2,400
629
197
843
2,079
58
36
2,535
993
78
244
10
28, 836
12, 796
12, 745
11,435
2,446
2,419
27
2,730
10,066
1,310
766
xNot shown separately because of high sampling variability. However, the data are included in totals.
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
121
ACTIVE CORPORATION RETURNS
Table 31.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, AND NET INCOME, BY PERCENT OF NET INCOME TO BUSINESS RECEIPTS, BY
INDUSTRIAL DIVISION
Net income to business receipts, by
industrial division
Number of returns
Forms 1120
-L, -M
Form
1120-S
Total compiled receipts
( Thousand
dollars)
Forms 1120,
-L, -M
(Thousand
dollara)
Form
1120-S
(Thailand
dollars)
Business receipts
( Thousand
dollars)
(Thousand
dollars)
Form
1120-S
(Thousand
dollars)
Net income
(Thousand
dollars)
Forms 1120
-L, -M
(Thousand
dollar a) .
Form
1120-S
(Thousand
dollars)
ALL INDUSTRIAL DTVISIONS
Total
(2)
O)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
1,1-10,574
90,221
849,131,939
825,714,140
23,417,799
802,790,920
779,844,903
22,946,017
43,505,174
43,122,695
382,479
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent . . . .-
4 under 6 percent
6 under C percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
AGRICULTURE, FORESTRY, AND FISHERIES
Total.
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
Total.
Deficit and zero percent
Greater than zero, under 1 percent .
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 1 5 percent
15 under 25 percent
25 percent or more
No percent computed
CONSTRUCTION
Total.
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
MANUFACTURING
Total .
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
TRANSPORTATION, COMMUNICATION, ELECTRIC
GAS, AND SANITARY SERVICES
Total.
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15" percent
15 under 25 percent
25 percent or more
No percent computed
470,335
98,209
73,400
54,740
42,383
60,196
39,645
27,891
47,883
51,908
112,862
61,122
17,139
7,393
1,073
1,118
471
607
1,072
767
430
887
1,116
1,545
660
13,017
7,282
518
473
382
327
582
300
326
750
615
999
463
72,332
33,283
8,046
6,329
4,241
3,254
4,600
2,662
1,424
2,152
1,263
1,467
3,611
165,862
62,295
17,760
14,026
11,452
9,905
13,260
9,127
6,149
8,157
5,533
3,042
5,156
43,852
17,521
2,598
2,125
1,715
1,305
2,302
1,911
1,578
2,974
3,043
4,390
2,390
436,237
85,773
65,643
49,015
38,149
54,130
35,632
25,171
43,461
48, 529
107,761
60,852
34,098
12,436
7,757
5,725
4,234
6,066
4,013
2,720
4,422
3,379
5,101
270
124,680,691
125,057,774
92,105,035
77,521,801
54,968,207
92,872,898
61,470,731
53,224,214
64,364,309
69,084,197
28,517,507
5,264,575
119,012,878
119,087,961
88,905,765
75,366,177
53,405,249
91,056,607
60,526,928
52,665,094
63,532,735
68,648,442
28,248,165
5,258,139
5,667,813
5,969,813
3,199,270
2,155,624
1,562,958
1,816,291
943,803
559,120
831,574
435,755
269,342
6,436
117,098,983
122,808,383
90,353,147
75,647,545
52,514,203
87,634,112
58,901,926
51,254,790
61,550,854
63,082,287
17,278,233
4,666,457
111,535,813
116,895,892
87,187,918
73,520,608
50,973,046
85,846,967
57,973,252
50,708,503
60,746,094
62,680,672
17,109,681
4,666,457
5,563,170
5,912,491
3,165,229
2,126,937
1,541,157
1,787,145
928,674
546,287
804,760
401,615
168,552
16, 877, 171
559,210
1,356,166
1,898,040
1,914,127
4,457,861
4,182,721
4,568,098
7,703,070
12,987,910
10,675,075
80,067
16,581,174
533,079
1,309,146
1,845,362
1,860,618
4,370,458
4,118,716
4,519,561
7,605,904
12,910,359
10,553,925
76,741
1295,997
26,131
47,020
52,678
53,509
87,403
64,005
48, 537
97,166
77, 551
121,150
3,326 ■
14,631
4,402,207
4,023,994
4,214,621
3,854,624
359,997
37,334
35,627
6,136
894
1,043
387
525
976
593
398
784
987
1,289
619
1,257
179
75
166
96
174
135
129
256
(2)
1,319,156
764, 539
487,406
213,187
242,424
353,179
218,118
219,332
160,143
214,549
171,238
38,936
1,252,137
663,896
464,238
169,631
232,077
329,239
189,264
216,268
148,033
200,247
150,568
38,396
97,019
100,643
23,168
53,903
23,940
28,854
15,174
14,302
20,670
(2)
,275,067
756,462
480,783
207,915
238,161
344,631
209,427
210,574
144,272
203,880
110,640
32,809
1,185,490
656,652
457,693
164, 529
227,979
320,992
181,957
207,805
132,341
190,012
96,365
32,809
89,577
99,810
23,090
53,568
23,639
27,470
14,700
13,868
14,275
<2)
'161,957
3,326
7,486
5,306
8,440
16,310
14,745
19,226
18,055
37,880
66,650
1,867
142,909
2,782
7,113
4,157
8,093
15,169
12,783
18,981
16,655
35,225
55,989
1,589
119,048
544
373
1,496
1,141
1,962
1,645
2,655
10,661
(2>
12,008
1,009
10,925,775
10,700,700
10,408,286
10,191,035
738,864
734,690
4,174
6,804
457
411
331
296
548
258
305
667
553
926
452
83
135
(2)
2,423,459
1,394,874
420,805
358,163
492,466
930,302
549,063
576,229
814,594
997,017
1,941,799
27,004
2,379,556
1,367,782
386,699
323,714
487,709
921,517
539,077
553,912
794,290
984,982
1,935,099
26,363
20,304
18,735
(2>
2,313,143
1,362,275
406,046
348,253
481,418
896,439
531,681
549,079
777,471
939,269
1,781,889
21,323
2,270,689
1,336,983
373,586
313,935
476,673
887,713
521,881
527,050
757,749
927,660
1,775,793
21,323
• 137,370
19,722
17,705
(2)
'521,078
7,441
6,388
8,977
17,106
44,878
38,038
49,641
97,732
187,849
799,991
1,901
l513,669
7,367
5,887
8,130
16,941
44,395
37,358
47,844
95,369
185,803
797,653
1,609
'7,409
4,547
2,363
4,381
(2)
64,042
8,290
32,893,347
30,707,881
32,361,892
30,194,648
379,212
351,860
27,352
30,190
6,876
5,543
3,691
2,815
3,977
2,235
1,081
1,729
1,056
1,290
3,559
3,093
1,170
786
550
439
623
427
343
423
207
177
(2)
8,826,689
6,468,353
4,989,027
3,408,881
2,381,509
2,929,075
1,353,854
604,656
864,943
443,252
249,743
373,365
8,209,641
5,992,624
4,675,534
3,251,277
2,250,665
2,736,340
1,252,895
540,118
767,694
421,424
236,661
373,008
617,048
475,729
313,493
157,604
130,844
192,735
100,959
64,538
97,249
21,828
13,082
(2)
8,700,055
6,415,031
4,938,954
3,370,389
2,350,120
2,866,014
1,326,585
590,865
834,826
422,442
199,363
347,248
8,087,972
5,943,241
4,627,366
3,213,423
2,219,835
2,674,263
1,227,051
526,795
739,174
401,096
187,184
347,248
612,083
471,790
311,588
156,966
130,285
191,751
99,534
64,070
95,652
21,346
12,179
(2)
'458,485
31,055
73,389
83,299
81,426
140,257
93,266
53,068
100,522
79,628
90,957
10,830
'428,286
28,994
68,792
79,366
76,980
130,690
86,475
47,398
88,867
75,552
86,495
10,537
'30,199
2,061
4,597
3,933
4,446
9,567
6,791
5,670
11,655
4,076
4,462
(2)
151,622
14,240
371,093,042
366,543,592
364,611,950
360,105,222
22,144,790
22,041,859
102,931
57,025
15,758
12,747
10,505
9,104
12,271
8,461
5,668
7,258
4,930
2,749
5,146
5,270
2,002
1,279
947
801
989
666
481
899
603
293
(2)
42,194,940
31,881,926
34,378,621
27,107,822
22,379,854
45,321,846
42,038,258
36,038,610
45,634,552
35,548,371
7,817,211
751,031
41,201,004
31,054,132
33,789,732
26,616,267
22,045,921
44,908,711
41,793,865
35,854,414
45,349,425
35,394,920
7,784,722
750,479
993,936
827,794
588,889
491,555
333,933
413,135
244,393
184,196
285,127
153,451
32,489
(2)
41,695,201
31,636,334
33,928,486
26,821,876
22,128,291
44,410,623
41,211,554
35,283,612
44,836,891
34,651,028
7,301,188
706,866
40,709,068
30,812,272
33,342,124
26,334,012
21,797,490
44,001,461
40,968,623
35,101,313
44,555,287
34,502,774
7,273,932
706,866
986,133
824,062
586,362
487,864
330,801
409,162
242,931
182,299
281,604
148,254
27,256
(2)
'2,043,820
146,881
510,842
665, 567
774,334
2,179,067
2,866,893
3,099,921
5,466,782
6,298,589
2,166,936
12,798
'1,985,452
143,246
502,119
653,243
762,827
2,158,904
2,850,300
3,083,943
5,433,565
6,271,310
2,155,518
12, 336
'58,368
3,635
8,723
12,324
11,507
20,163
16, 593
15,978
33,217
27,279
11,418
(2)
40,854
65,921,988
65,430,104
64,132,467
63,657,541
6,578,449
16,300
2,423
2,017
1,593
1,223
2,067
1,736
1,485
2,696
2,826
4,108
2,380
1,221
175
108
235
175
93
278
217
282
(2)
8,963,000
4,028,761
3,361,716
3,028,660
1,671,297
5,248,771
2,421,162
3,405,588
8,094,557
21,490,002
4,019,146
189,328
8,834,561
3,965,133
3,301,318
2,999,308
1,628,412
5,208,882
2,396,362
3,397,194
8,048,481
21,465,091
3,996,058
189,304
128,439
63,628
60,398
72,237
39,889
24,800
8,394
46,076
24,911
23,088
(2)
8, 583, 359
3,927,045
3,196,427
2,946,058
1,637,534
5,073,721
2,362,501
3,248,971
7,973,429
21,144,403
3,896,784
142,235
8,456,724
3,863,904
3,136,828
2,921,423
1,594,901
5,033,985
2,338,391
3,240,673
7,927,887
21,120,217
3,880,373
142,235
126,635
63,141
59,599
39,736
24,110
8,298
45,542
24,186
16,411
J2)
'938,283
18,328
46,712
72,296
57,738
255,398
167,081
288,017
991, 574
4,362,227
1,263,127
7,901
'924,931
18,098
45,686
71,701
56,242
253,451
165,424
287,289
986,175
4,357,866
1,253,558
7,890
'13,352
230
1,026
2,091
1,947
1,657
728
5,399
4,361
9,569
(2)
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data."
122
ACTIVE CORPORATION RETURNS
U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
Table 31.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, AND NET INCOME, BY PERCENT OF NET INCOME TO BUSINESS RECEIPTS, BY
INDUSTRIAL DIVISION— Continued
Net Income to business receipts, by
industrial division
Number of returns
Forme 1120
L, -M
Form
1120-S
Total compiled receipts
(Thovaand
dollar* )
Forms 1120,
-L, -M
(Thoumand
do liar a)
Form
1120-S
(Thouaand
dollar*)
Business receipts
(Thouaand
dollars)
Forms 1120,
-L, -M
(Thousand
dollara)
Form
1120-S
(Thouaand
dollara)
(Thouaand
dollara)
Forms 1120 ,
-L, -M
( Thouaand
dollara)
FOITD
1120-S
(Thouaand
dollara)
WHOLESALE AND RETAIL TRADE
Total
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
Wholesale trade, total.
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 1 5 percent
15 under 25 percent
25 percent or more
No percent computed
Retail trade, total.
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
Wholesale and retail trade not
allocable , total
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent.
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
FINANCE, INSURANCE, AND REAL ESTATE3
Total
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 15 percent
15 under 25 percent
25 percent or more
No percent computed
Total .
Deficit and zero percent
Greater than zero, under 1 percent.
1 under 2 percent
2 under 3 percent
3 under 4 percent
4 under 6 percent
6 under 8 percent
8 under 10 percent
10 under 1 5 percent
15 under 25 percent
25 percent or more
No percent computed
NATURE OF BUSINESS NOT ALLOCABLE
Total
Deficit and zero percent.
Greater than zero
No percent computed
(1)
(2)
355,623
140,985
56,044
38,420
27,129
17,602
21,990
11,248
6,700
7,847
4,592
5,222
17,844
117,437
37,460
22,255
13,758
9,839
6,377
7,896
3,833
2,201
3,212
2,400
3,153
5,053
217,269
94, 594
31,086
22,580
15,878
10,280
12,861
6,778
4,025
4,196
1,852
1,467
11,672
20,917
8,931
2,703
2,082
1,412
945
1,233
637
474
439
340
602
1,119
334,388
129,397
5,136
4,756
4,665
5,098
9,532
8,567
7,649
19,214
31,028
89,154
20,192
121,024
56,998
7,001
6,060
4,641
4,211
6,760
5,000
3,625
5,730
4,582
6,422
9,994
15,181
1,344
812
(3)
(4)
(5)
(6)
(7)
(8)
(10)
(11)
317,055
38, 568
269,581,271
255,739,222
13,842,049
265,362,564
251,705,574
13,656,990
4,525,610
4,373,777
127,588
48,641
34,164
23,813
15,432
19,136
9,739
5,660
6,550
3,889
4,681
17,762
105,800
13,397
7,403
4,256
3,316
2,170
2,854
1,509
1,040
1,297
703
541
(2>
11,637
46,360,902
75,671,078
43,937,518
37,010,844
18,355,742
22,071,029
8,082,114
8,675,986
3,662,770
2,113,707
735,303
2,904,278
132,444,133
43,031,924
71,384,125
41,893,074
35,682,461
17,443,641
21,083,362
7,662,243
8,487,632
3,439,474
2,026,355
703,750
2,901,181
126,044,103
3,328,978
4,286,953
2,044,444
1,328,383
912,101
987,667
419,871
188,354
223,296
87,352
31 , 553
(2)
6,400,030
45,584,743
74,941,915
43,379,585
36,579,884
18,080,399
21,531,945
7,896,508
8,516,520
3,523,323
1,930,698
590,834
2,806,210
130,636,700
42,301,435
70,692,385
41,358,332
35,267,840
17,180,845
20,560,518
7,483,750
8,331,612
3,306,281
1,851,717
564,649
2,806,210
124,308,158
3,283,308
4,249,530
2,021,253
1,312,044
899,554
971,427
412,758
184,908
217,042
78,981
26,185
(2)
6,328,542
Ll, 351, 537
328,678
642,826
905,811
629,532
1,050,037
541,893
728,300
420,073
387,590
227,856
14,551
2,129,626
'1,248,400
309,892
613,056
873,731
598,467
1,003,550
513,370
711,872
394,333
373,118
217,184
13,604
2,041,897
34,305
19,726
12,342
8,780
5,581
6,996
3,528
1,931
2,707
2,072
2,801
5,031
192,619
3,155
2,529
1,416
1,059
796
900
305
270
505
328
352
(2)
24,650
18,866,987
49,879,649
23,270,316
13,930,505
7,346,827
9,144,443
3,523,915
1,278,318
2,133,820
1,591,224
541,302
936,827
128,013,664
17,706,888
47,448,398
22,228,773
13,369,723
6,904,806
8,729,989
3,414,118
1,230,327
2,012,892
1,545,456
517,760
934,973
121,214,867
1,160,099
2,431,251
1,041,543
560,782
442,021
414,454
109,797
47,991
120,928
45,768
23,542
(2)
6,798,797
18,634,838
49,524,286
23,028,519
13,738,837
7,249,408
8,888,391
3,460,037
1,240,022
2,067,558
1,469,300
450,866
884,638
125,786,529
17,484,685
47,109,736
21,996,827
13,184,058
6,814,180
8,480,905
3,351,496
1,192,672
1,949,545
1,428,505
430,911
884,638
119,090,866
1,150,153
2,414,550
1,031,692
554,779
435,228
407,486
108, 541
47,350
118,013
40,795
19,955
(2)
6,695,663
1 516,941
208,411
339,629
345,003
249,034
423,341
238,596
111,865
247,705
298,715
175,708
8,560
2,225,003
'490,031
197,966
324,505
331,307
233,978
404,361
231,289
107,689
233,771
290,841
167,800
8,421
85,083
26,731
19,908
13,910
9,009
11,064
5,624
3,377
3,476
1,509
1,297
11,631
18,636
9,511
4,355
2,672
1,968
1,271
1,797
1,154
648
720
343
170
(2)
2,281
25,664,939
23,730,401
19,179,840
22,056,488
10,380,859
12,221,247
4,314,335
6,819,441
1,328,798
335,705
169, 537
1,812,074
9,123,474
23,610,826
22,104,691
18,219,194
21,405,951
9,949,108
11,702,111
4,020,020
6,702,396
1,232,273
295,166
161,551
1,811,580
8,480,252
2,054,113
1,625,710
960,646
650,537
431,751
519,136
294,315
117,045
96,525
40,539
7,986
(2>
643,222
25,148,538
23,384,725
18,888,264
21,831,406
10,212,445
11,955,567
4,197,518
6,711,201
1,266,417
299,606
119,873
1,770,969
8,939,335
23,127,872
21,777,028
17,940,396
21,189,852
9,785,975
11,444,453
3,908,987
6,596,568
1,172,814
262,284
113,668
1,770,969
,306,550
2,020,666
1,607,697
947,868
641,554
426,470
511,114
288,531
114,633
93,603
37,322
6,205
(2)
632,785
'764,263
110,290
281,743
535,669
359,049
593,731
286,808
566,888
150,138
55,602
44,347
5,001
170,981
l693,832
103,158
267,762
520,215
344,412
568,622
266,780
556,796
139,047
49,157
41,595
4,552
163,616
8,200
2,184
1,914
1,123
842
1,076
587
352
367
308
583
1,100
731
519
168
289
103
157
(2)
1,828,976
2,061,028
1,487,362
1,023,851
628,056
705,339
243,864
578,227
200,152
186,778
24,464
155,377
1,714,210
1,831,036
1,445,107
906,787
589,727
651,262
228,105
554,909
194,309
185,733
24,439
154,628
114,766
229,992
42,255
117,064
38,329
54,077
1,801,367
2,032,904
1,462,802
1,009,641
618,546
687,987
238,953
565,297
189,348
161,792
20,095
150,603
1,688,878
1,805,621
1,421,109
893,930
580,690
635,160
223,267
542,372
183,922
160,928
20,070
150,603
112,489
227,283
41,693
115,711
37,856
52,827
n
170,333
9,977
21,454
25,139
21,449
32,965
16,489
49,547
22,230
33,273
7,801
990
'64,537
8,768
20,789
22,209
20,077
30, 567
15,301
47,387
21,515
33,120
7,789
631
324,020
10,368
70,841,547
70,417,911
423,636
»,-7r., '■
39,198,149
278,441
8,250,426
8,194,130
125,456
4,669
4,466
4,414
4,911
9,179
8,276
7,372
18,649
30,128
86,308
20,192
3,941
467
290
251
187
353
291
277
565
900
2,846
9,283,073
2,253,693
2,323,806
4,562,941
8,023,315
13,696,457
5,526,940
2,273,475
3,260,174
6,681,958
12,607,306
348,409
9,198,120
2,210,079
2,311,987
4,543,861
8,010,435
13,665,269
5,510,965
2,256,752
3,216,042
6,635,737
12,510,255
348,409
84,953
43,614
11,819
19,080
12,880
31,188
15,975
16,723
44,132
46,221
97,051
3,980,037
1,258,572
1,723,093
3,689,921
6,200,188
10,256,371
4,130,154
1,473,524
1,662,566
2,237,711
2,660,300
204,153
3,920,964
1,222,219
1,714,305
3,673,302
6,191,71'
10,230,3?
4,115,910
1,462,942
1,626,968
2,207,498
2,627,779
204,153
59,073
36,353
8,788
16,619
8,477
25,973
14,244
10,582
35,598
30,213
32,521
'912,986
10,109
34,929
113,911
297,438
660,178
374,267
206,042
394,749
1,352,844
5,718,945
'893,733
9,874
34,759
113,445
296,976
658,565
373,159
204,524
389,232
1,344,095
5,663,234
HI'...',..
11,760
23,346,783
22,030,517
1,316,266
22,106,222
20,826,724
1,279,498
849,352
825,189
51,902
6,022
5,179
4,237
3,779
5,888
4,271
3,202
4,987
4,035
5,810
9,952
5,096
979
881
404
432
872
729
423
743
547
612
(2)
14,836
1,231
790
5,266,248
2,591,675
2,199,927
1,826,015
1,415,269
2,318,498
1,278,316
1,429,447
1,859,632
1,589,202
958,088
614,466
4,893,975
2,447,315
2,077,524
1,774,370
1,300,091
2,199,712
1,179,351
1,358,804
1,757,030
1,513,690
914,718
613,937
372,273
144,360
122,403
51,645
115,178
118,786
98,965
70,643
102,602
75,512
43,370
(2)
4,925,677
2,507,927
2,293,634
1,678,159
1,391,761
2,250,655
1,230,610
1,380,756
1,785,766
1,546,834
723,021
391,422
4,563,025
2,365,414
2,172,088
1,627,054
1,277,314
2,134,090
1,132,783
1,310,313
1,688,768
1,473,819
690,634
391,422
362,652
142,513
121,546
51,105
114,447
116,565
97,827
70,443
96,998
73,015
32,387
(2)
'463,750
13,387
33,518
42,742
47,904
111,564
86,328
123,797
211,945
280,004
334,384
27, 529
'419,473
12,821
31,666
41,458
43,884
105,569
79,637
117,710
200,162
266,120
318,509
27,126
116,328
(2)
345
113
42,224
64,997
17,758
41,960
61,197
17,062
1,264
3,800
(2)
41,701
60,436
14,191
40,446
56,749
14,191
1,255
3,687
(2)
'25,275
10,055
2,690
'24,321
9,385
2,050
(12)
151,833
'103,137
18,786
29,770
32,080
31,065
46,487
28,523
16,428
25,740
14,472
10,672
(2)
87,729
'26,910
10,445
15,124
13,696
15,056
18,980
7,307
4,176
13,934
7,874
7,908
(2)
56,739
'70,431
7,132
13,981
15,454
14,637
25,109
20,028
10,092
11,091
6,445
2,752
(2)
7,365
5,796
1,209
665
2,930
1,372
2,398
4,228
(2)
56,2%
'19,253
235
170
466
462
1,613
1,108
1,518
5,517
8,749
55,711
24,163
'44,277
566
1,852
1,284
4,020
5,995
6,691
6,087
11,783
13,884
15,875
(2)
(2)
'954
670
'Deficit. 2No reliable estimate of the sampling variability can be obtained from the sample. Data however, are included in the totals.
3For finance. Insurance, and real estate the ratio is net income to total compiled receipts.
U. S. BUSINESS TAX RETURNS, JULY 1960-JUNE 1961
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126 U. S. BUSINESS TAX RETURNS, JULY 1960 -JUNE 1961
ACTIVE SMALL BUSINESS CORPORATION RETURNS, FORM 1120-S
Table 34.
-NUMBER OF RETURNS, BUSINESS RECEIPTS, DEPRECIATION, AND NET INCOME, FOR CORPORATIONS WITH ADDITIONAL FIRST-YEAR DEPRECIATION,
BY SELECTED INDUSTRIES
Selected industries
Total
number of
returns
Form 1120-S
Form 1120-S returns with additional first-year depreciation
Returns with and without net income
Number of
returns
Business
receipts
(Thousand
dollars)
Depreciation
(Thousand
dollar*)
Additional
first-year
depreciation
(Thousand
dollars)
Net income
(less
deficit)
(Thousand
dollars)
Returns with net income
Number of
returns
Business
receipts
(Thousand
dollars)
Depreciation
(Thousand
dollars)
Additional
first-year
depreciation
(Thousand
dollars)
Net
income
C Thousand
dollars)
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
All industries.
Agriculture, forestry, and fisheries.
Mining
Crude petroleum and natural gas.
Other mining
Construction
Highway and street construction and heavy
construction
Special trade contractors
Contractors not allocable and other con-
struction '.
Manufacturing
Beverage industries and food and kindred
products
Apparel and other finished products made
frcm fabrics and similar material
Printing, publishing, and allied industries.
Leather and leather products
Stone, clay, and glass products
Fabricated metal products (including ord-
nance) , except machinery and transportation
equipment
Machinery, except electrical and transpor-
tation equipment
Other manufacturing industries
gas,
Transportation, communication, electric,
and sanitary services
Transportation
Communication, electric, gas, and sanitary
services
Wholesale and retail trade.
Wholesale trade
Groceries and related products.
Other wholesalers
Retail trade
Food
Apparel and accessories
Automotive dealers and gasoline service
stations
Eating and drinking places
Building materials, hardware and farm
equipment
Other retail stores
Wholesale and retail trade not allocable. . . .
Finance, insurance, and real estate
Banking
Insurance carriers, and insurance agents,
brokers, and services
Real estate, except lessors of real property
other than buildings
Lessors of real property, except buildings. .
Other finance
Services
Personal services
Business services
Automobile repair, services and garages.
Other services
2,508
1,009
544
465
773
5,669
2,448
14, 240
1,457
2,209
1,858
294
1,380
1,408
5,156
2,998
2,321
11,637
1,699
9,938
24, 650
1,432
2,833
4,382
3,071
3,207
9,725
10, 368
93
2,339
6,959
106
871
11, 760
2,739
2,508
2,017
4,496
6,295
Nature of business not allocable.
89
227
(2)
1,755
232
204
291
41
231
498
168
138
(2)
2,348
732
118
614
1,449
151
135
276
231
194
462
167
252
104
136
(2)
1,154
369
303
106
376
(2)
36,425
58,130
26,809
31, 321
160, 281
48,381
60,879
(2)
834,481
155,955
190, 560
69, 734
42,802
62, 522
74,767
206, 315
49, 254
47,216
(2)
1,465,437
659, 234
141, 985
517, 249
716, 120
153, 784
29,581
286, 679
52,315
85, 287
108,474
90, 083
20,706
12, 757
5,713
(2) "
232,883
62, 306
77,794
28,000
64,783
(2)
5,355
2,740
2,615
2,929
1,575
(2)
19, 168
3,936
1,016
2,640
762
1,747
2,017
5,246
3,825
3,712
(2)
13, 683
4,530
1,272
3,258
7,709
1,330
303
1,447
1,632
1,116
1,881
1,444
607
304
299
(2)
11, 560
3,299
1,596
890
5,775
(2)
103
24
79
129
192
(2)
2,008
305
146
379
62
(2)
1,115
457
226
99
333
(2)
2,679
662
2,017
'565
2,644
(2)
35,187
3,386
3,249
3,656
2,575
3,075
297
7,446
513
10,061
227
3,054
201
2,620
2)
(2)
1,946
28,833
569
13, 130
103
2,085
466
11,045
1,150
14, 075
192
2,294
96
406
142
3,909
195
2,146
151
2,579
374
2,741
227
1,628
159
2,969
2,103
(2)
7,864
3,753
1,730
1,962
419
(2)
69
176
(2)
1,515
182
192
251
30
209
413
136
106
(2)
1,910
615
97
51B
1,150
140
74
220
176
163
377
145
221
(2)
809
246
231
84
248
(2)
32, 959
58,130
26,809
31, 321
30,664
47, 139
(2)
795,334
144,887
187, 075
63, 839
39, 699
61,795
72, 182
194,031
42,053
40, 015
(2)
1, 273, 088
569, 406
133, 668
435, 738
613, 905
129,667
25,423
243,981
44,567
72, 771
97,496
89, 777
20,304
12, 680
5,388
(2)
206, 541
56,498
75, 797
25,412
48,834
(2)
5,355
2,740
2,615
4,027
2,248
1,257
(2)
17, 636
3,514
993
2,480
748
1,876
4,573
3,421
3,308
(2)
11,824
3,993
1,029
2,964
6,499
1,230
230
1,180
1,299
932
1,628
1,332
594
(2)
6,996
2,633
1,361
818
2,184
(2)
103
24
79
106
161
(2)
1,763
237
142
326
61
(2)
(2)
(11)
98,653
1,437
2,679
662
2,017
6,057
1,374
3,735
(2)
37,780
3,796
3,445
3,698
3,517
1,739
3,163
274
461
7,589
10, 833
168
142
3,147
2,713
)
(2)
1,589
31, 880
484
67
417
14, 205
2,114
12, 091
968-
187
67
15, 805
2,317
891
120
154
4,068
2,436
128
312
3,057
3,036
137
1,870
155
3,366
95
2,112
58
1,094
)
(2)
690
259
179
78
174
12,155
4,367
3,446
1,990
2,352
(2)
'Deficit.
No reliable estimate of the sampling variability can be obtained. Data, however, are included in totals.
Historical Data
HISTORICAL TABLES
Page
35. Sole proprietorships: Number of businesses, business receipts,
net profit, and net loss, by industrial division, for selected
years 130
36. Sol? proprietorships: Number of businesses, business receipts,
net profit, net loss, and depreciation, by selected industries,
for selected years 131
37. Active partnerships: Number of partnerships, business re-
ceipts, depreciation, net profit, net loss, and inventory,
by industrial division, for selected years 135
38. Active partnerships: Number of partnerships, business re-
ceipts, gross profit, net profit, net loss, and depreciation,
by selected industries, for selected years 136
39. Frequency of reporting income statement items on Form 1065, by
selected industries , 1959-60 139
40. Active corporation returns: Number of returns, total compiled
receipts, business receipts, and net income, by industrial
division, for selected years 142
41. Active corporation returns: Number of returns, total compiled
receipts, business receipts, depreciation, net income, and
total assets, by selected industries, for selected years.... 143
128
HISTORICAL DATA
General
The historical data presented in this volume were derived from
material prepared for the Statistics of Income series. For the period
1945 through 1959, data were selected from years for which information
was available for both unincorporated businesses and corporations.
The user of these tables must not expect exact comparability of data
over many years because:
1. The tables span a period of time during which two basic tax
laws were in effect, i.e., the 1939 and the 1954- Internal Revenue Codes.
In addition, there were frequent amendments to each Code; for example,
the Technical Amendments Act of 1958.
2. lhe Standard Industrial Classification was revised for Manufac-
turing industries in 1947, and for Nonmanufacturing industries in 1951.
In 1957, a new version covering all industries was established which was
first used in the preparation of Statistics of Income publications for
1958-59. Also, shifts in production techniques and materials, together
with the introduction of new products, have caused individual firms to
be shifted from one industry group to another. Generally, these shifts
have been confined within particular industrial divisions — i.e., there
have been few shifts from one industrial division to another. The Sta-
tistics of Income publications from which these historical data were
obtained describe the changes in industrial classifications.
3. The statistical sample used for the three types of business
organizations varied somewhat from year to year. The original source
of the data describes in detail the statistical sample used and the
limitations of the data.
Sole proprietorships
Data appearing in the sole proprietorship tables were taken from
the Statistics of Income series Individual Income Tax Returns reports
for the period 1945-46 through 1955-56. The 1957-58 and 1958-59 data
were from U. S. Business Tax Returns reports.
Partnerships
The historical data for 1945-46 and 1947-48 were obtained from
Treasury Department press releases containing income statement items,
and selected items by size classification. The 1953-54 data were from
the Statistics of Income 1953 series Partnership Returns, a report
covering many heretofore unpublished financial details of partnerships.
The 1957-58 and 1958-59 data were taken from U. S. Business Tax Returns
reports .
Corporations
Data shown in the historical tables for corporations are selections from
material published in the annual report, Statistics of Income, Corpora-
tion Income Tax Returns or available from unpublished worksheets com-
prising the Source Book. (See page 157 of this report for description
and use of the Source Book.) The years covered were selected to comple-
ment the periods for which sole proprietorship and partnership data are
available .
129
130
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
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St
ss
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
131
SOLE PROPRIETORSHIPS
Table 36.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES FOR SELECTED YEARS
Industry and year
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Depreci-
ation
( Thousand
dollars)
Net profit
(less loss)
( Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
( Thousand
dollars)
Businesses without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
(Thousand
dollars)
AGRICULTURE, FORESTRY, AND FISHERIES
Total
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947^48
1945-46
Farms
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947^48
1945-46
Other Agriculture, Forestry, and Fisheries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
MINING
Total
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
Crude Petroleum and Natural Gas
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
Other Mining, Including Quarrying
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
CONSTRUCTION
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
1945-46.
3,480,195
3, 505, 090
3, 489, 164
3, 452, 851
3, 513, 080
3, 209, 565
3, 209, 539
3, 049, 023
2, 955, 492
2, 695, 382
3, 358, 615
3, 386, 880
3,374,483
3, 343, 224
3,416,581
3, 125, 512
3,138,611
2, 987, 422
2, 903, 911
2, 659, 364
121, 580
118, 210
114,681
109, 627
96, 499
84, 054
70, 928
61, 601
51, 581
36,018
33, 036
33,691
35,413
33, 075
29, 981
21, 169
21,000
19, 657
18, 766
13,234
23,649
26,119
26,015
21, 590
19,939
14, 815
12, 206
11, 738
10, 341
8,193
9,387
7,572
9,398
11,485
10, 042
6,354
8,794
7,919
8,425
5,041
655, 155
646,316
604,910
598,418
524,944
393, 679
342, 310
290, 653
322,459
222,556
27, 369, 780
27,816,099
25, 913, 881
23, 497, 998
21, 704, 755
22,483,949
22,947,065
19, 756, 110
18, 788, 509
14,494,212
25,529,419
26, 279, 361
24, 673, 594
22,41b,438
20, 779, 495
21, 316, 744
22, 093, 301
18, 993, 487
18, 381, 002
14, 227, 209
1, 840, 361
1, 536, 738
1, 240, 287
1, 081, 560
925,260
1, 167, 205
853,764
762, 623
407, 507
267,003
1,501,474
1, 005, 283
1,286,608
1, 164, 289
934, 705
781,033
813, 839
685, 620
531, 398
399, 238
1,128,411
754, 689
1,075,657
826, 176
701, 066
583, 001
561, 671
456,743
304, 371
267, 661
373, 063
250, 594
210, 951
338,113
233,639
198, 032
252, 168
228, 877
227, 027
131,577
14, 941, 971
15, 719, 142
13, 561, 916
13,589,214
12,428,301
10,823,460
9, 624, 851
7, 166, 053
5,785,489
2, 941, 651
3, 137, 393
3, 073, 112
2, 940, 899
n. a.
n.a.
n.a.
3, 037, 223
2,987,430
2, 846, 126
n.a.
n.a.
n.a.
n.a.
n.a.
100, 170
85, 682
94,773
n. a.
n.a.
n.a.
n.a.
134, 147
93, 718
144, 327
85, 230
n. a.
102, 182
70,945
121, 585
58, 063
31,965
22, 773
22,742
27, 167
n.a
n.a
457, 056
416, 350
443, 107
398, 164
n.a.
n.
2,997,639
2, 913, 642
4, 016, 594
3, 441, 954
2, 827, 792
3,543,435
n.a.
4,382,325
5,242,989
3, 391, 162
2, 736, 530
2, 646, 952
3, 762, 715
3, 232, 643
2, 642, 199
3, 373, 503
n.a.
4, 271, 618
5,168,408
3, 340, 830
261, 109
266, 690
253, 879
209, 311
185, 593
169,932
n.a.
110, 707
74, 581
50, 332
1 103, 044
*4, 607
4,358
32, 593
1 13, 014
18, 797
n.a.
15,644
33,144
15, 802
1 128, 475
121, 043
1 14, 826
7,465
1 13, 603
=■24,883
n.a.
n.a.
n.a.
n.a.
25,431
16,436
19, 184
25, 128
589
1,898,455
1, 979, 608
1, 691, 236
1, 759, 985
1, 508, 842
1, 258, 269
n.a.
902, 463
816, 668
465, 603
2, 392, 771
2,425,996
2, 621, 927
2,525,471
2, 504, 381
2,425,377
2, 599, 872
2, 563, 749
2, 587, 769
2, 311, 893
2, 295, 026
2, 330, 753
2, 526, 561
2,436,046
2, 423, 340
2, 355, 833
2, 538, 208
2, 511, 120
2, 541, 553
2, 279, 821
97, 745
95, 243
95, 366
89,425
81,041
69,544
61,664
52,629
46,216
32, 072
19, 019
19, 207
20, 991
20, 557
18,512
14,061
14,148
12,452
14,100
8,854
12,584
14,642
14, 742
12, 363
12,478
9,490
7,569
7,593
7,374
5,234
6,435
4,565
6,249
8,194
6,034
4,571
6,579
4,859
6,726
(25
595, 941
597,483
561, 979
557, 398
491, 110
367, 355
320, 859
269, 458
305, 657
212, 803
22,354,956
22,401,237
21, 846, 839
19, 433, 308
17,504,354
18, 955, 790
19, 956, 645
17, 420, 246
17, 270, 225
13, 102, 715
20, 725, 312
21, 062, 899
20, 743, 772
18, 509, 284
16, 660, 000
17, 886, 778
19, 211, 140
16, 735, 550
16, 893, 767
12, 872, 334
1, 629, 644
1, 338, 338
1, 103, 067
924, 024
844,354
1, 069, 012
745, 505
684, 696
376,458
230, 381
949, 996
775, 517
629,421
859, 076
466, 515
550, 206
598, 232
462, 965
421, 679
272, 787
608,415
563, 279
433, 658
573, 256
334, 697
364,315
389,004
305, 580
219, 341
171, 017
341,581
212, 236
195, 763
285, 820
131, 818
185, 891
209, 228
157, 385
202, 338
(A
13, 705, 620
14, 393, 515
12, 329, 170
12, 656, 878
11,496,478
9,723,482
8, 901, 763
6, 644, 914
5, 411, 275
2, 705, 689
4, 575, 683
4, 554, 142
5, 232, 281
4, 701, 701
4, 214, 631
4, 781, 064
5, 365, 746
5, 044, 501
5,737,464
3, 801, 248
4, 265, 302
4, 253, 474
4, 937, 252
4, 460, 293
4, 006, 720
4, 587, 200
5, 212, 510
4,916,915
5, 654, 781
3,744,940
310, 381
300, 668
295,029
241,408
207,911
193, 864
153, 236
127, 586
82, 683
56, 308
115, 742
105, 270
109, 468
166, 806
105, 306
87,350
99,487
88, 263
81, 206
46,882
84,548
80, 607
83, 699
132,413
84,268
67,864
76, 599
65, 746
55,209
33,347
31, 194
24, 663
25, 769
34, 393
21, 038
19,486
22,888
22, 517
25, 997
(25
2, 028, 208
2, 097, 870
1, 838, 868
1,873,466
1, 607, 133
1, 329, 782
1, 180, 142
945,966
850,911
486, 554
1,087,424
1, 079, 094
867, 237
927, 380
1,008,699
784, 188
609, 667
485, 274
367, 723
383,489
1, 063, 589
1, 056, 127
847,922
907, 178
993, 241
769, 678
600, 403
476, 302
362, 358
379, 543
23, 835
22, 967
19, 315
20, 202
15, 458
14, 510
9,264
8,972
5,365
3,946
14, 017
14,484
14,422
12, 518
11,469
7,108
6,852
7,205
4,666
4,380
11,065
11,477
11, 273
9,227
7,461
5,325
4,637
(25
(2)
(2)
2,952
3,007
3,149
3,291
4,008
(2)
2,215
n.a.
(2)
(2)
59, 214
48,833
42,931
41, 020
33,834
26, 324
21,451
21, 195
16, 802
9,753
5,014,824
5, 414, 862
4, 067, 042
4,064,690
4, 200, 401
3, 528, 159
2,990,420
2, 335, 864
1, 518, 284
1, 391, 497
4, 804, 107
5,216,462
3,929,822
3,907,154
4,119,495
3,429,966
2, 882, 161
2,257,937
1, 487, 235
1, 354, 875
210, 717
198, 400
137, 220
157, 536
80, 906
98, 193
108, 259
77,927
31,049
36,622
551,478
229, 766
657, 187
305, 213
468, 190
230, 827
215, 607
222, 655
109, 719
126, 451
519, 996
191, 410
641,999
252,920
366, 369
218, 686
172, 667
(25
(2)
(2)
31,482
38,358
15,188
52, 293
101, 821
(2)
42,940
n.a.
(2)
(2)
1, 236, 351
1, 325, 627
1, 232, 746
932, 336
931, 823
1, 099, 978
723, 088
521, 139
374, 214
235, 962
1, 578, 044
1, 640, 500
1,215,687
1, 259, 747
1, 386, 839
1, 237, 629
n.a.
662, 176
494, 475
410, 086
1, 528, 772
1,606,522
1, 174, 537
1, 227, 650
1, 364, 521
1, 213, 697
n.a.
645,297
486, 373
404, 110
49, 272
33, 978
41,150
32,097
22, 318
23, 932
n.a.
16, 879
8,102
5,976
218, 786
109, 877
105, 110
134,213
118, 320
96, 147
n.a.
72, 619
48,062
52, 684
213,023
101, 650
98, 525
124,948
97, 871
92, 747
(2)
(2)
(2)
5,763
8,227
6,585
9,265
20,449
(2)
(2)
(2)
129, 753
118,262
147, 632
113, 481
98,291
71,513
n.a.
43, 503
34,243
20,951
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
132
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
SOLE PROPRIETORSHIPS
Table 36.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES FOR SELECTED YEARS— Continued
Industry and year
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thouaand
dollar m)
Depreci-
ation
(Thousand
dollara)
Net profit
(less loss)
(Thovaand
dottara)
Businesses with net profit
Number of
businesses
Business
receipts
(Thouaand
dalUra)
Net profit
(Thouaand
dot tar a)
Businesses without net profit
Number of
businesses
Business
receipts
(Thcvaand
dollatt)
CONSTRUCTION— Continued
General Contractors
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947^18
1945-46
Special Trade Contractors
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
Contractors Not Allocable
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
MANUFACTURING
Total
1960-61 ,
1959-60 ,
1958-59 ,
1957-58
1955-56 ,
1953-54
1951-52 ,
1949-50
1947-48
1945-46 ,
Food and Kindred Products, Iniluding Beverages
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
Apparel and Other Finished Products Made From Fabrics and
Similar Materials
1960-61
1959-60
1958-59
WS-'-rt
1955-56
1953-54
1951-52
1949-50 '
1947^8
1945-46
Lumber and Wood Products, Except Furniture
1961-60
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
110, 187
103, 983
76,035
92,184
78,059
70, 684
53, 545
48,724
48,475
29,687
510, 735
506, 942
496, 647
486, 177
427, 054
303, 130
269,936
219, 401
259, 718
185, 138
34,233
35,391
32, 228
20, 057
19, 831
19, 865
18,829
22, 528
14, 266
7,731
192,634
186, 901
179, 967
170, 395
162, 610
171, 669
157, 278
164, 687
152,919
121, 543
23, 235
23,283
23,857
15,403
16, 301
16, 814
13,604
20,529
17, 567
16,462
9,927
8,243
10, 125
8,313
9,666
11,954
11,015
11, 535
11, 360
11,564
47,494
44,600
46,062
54, 556
49,936
46,873
44,457
37,464
35,000
19,808
6, 178, 662
5,826,728
4,448,993
5,434,882
4, 876, 720
4, 393, 587
3,486,641
2,401,521
1, 994, 275
1,004,219
8, 191, 190
9,068,260
8, 215, 861
7, 765, 785
7, 162, 849
6,085,709
5, 692, 019
4, 207, 935
3,478,835
1,794,934
572, 119
824,154
897,062
388, 547
388, 732
344,164
446,191
556,597
312, 379
142,498
6, 935, 367
6, 726, 173
6, 323, 870
6, 248, 046
5, 805, 514
6, 672, 513
6, 263, 630
4, 841, 844
5, 326, 811
5, 247, 246
1, 776, 790
1, 657, 304
1,504,420
1, 327, 119
1,144,477
1, 394, 840
1,067,495
1, 066, 748
1, 115, 398
1, 167, 578
513, 805
427, 236
607, 218
576, 884
540,748
704, 150
670,996
575, 228
568,439
761, 866
1,271,164
1, 155, 851
921, 623
1,365,981
1,268,010
1, 330, 298
1, 241, 678
795,616
840, 541
468,811
157,234
116, 832
145, 484
163, 518
n.a
n.a
n.a
269,454
260, 554
276, 106
223, 054
30, 368
38,964
21,517
11, 592
237, 383
233, 137
214, 807
211, 880
35,004
37, 075
36, 552
16, 172
n.a.
5,890
6,406
9,623
6,549
n.a.
n.a.
n.a.
n.a.
n.a.
74, 147
69, 068
50, 633
91,112
413,041
451, 171
344,405
360, 321
299,991
296, 717
n.a.
n.a.
173,491
1, 414, 145
1,445,564
1, 310, 813
1,342,574
1, 157, 778
916, 245
n.a.
640,019
608, 256
362, 695
71, 269
82, 873
36, 018
57,090
51, 073
45,307
n.a.
n.a.
645,495
626,948
608, 824
571, 803
598, 909
619, 012
n.a.
411,260
484, 961
573, 317
102, 237
87, 838
82, 721
37, 310
64,367
30, 732
32,295
44,493
32,291
40, 801
n.a.
n.a.
91,901
103,244
86,439
94, 361
122, 225
92,458
n.a.
n.a.
n.a.
92,012
90,746
68, 221
81, 152
68,468
64,404
47,584
42,457
43, 084
26, 930
474,953
477,411
464, 769
458, 161
404,798
285,573
255, 821
206, 876
249, 757
178,759
28, 976
29,326
28,989
18, 085
17,844
17, 378
17,454
20, 125
12,816
7,114
159, 805
150,668
147, 539
137, 698
134,759
144, 737
131, 694
131, 727
128, 900
107, 144
20,462
19, 536
20,224
11,928
13,689
14,412
11,202
16, 587
15,067
15,066
8,240
6,458
8,381
7,066
8,314
10, 824
9,063
9,320
9,398
10,953
40,155
38,485
38, 327
43, 700
40,862
37, 935
38, 580
30,151
29, 774
17,051
5, 502, 623
5, 182, 142
4, 210, 810
5, 016, 524
4, 324, 341
3, 709, 341
3, 099, 759
2, 183, 789
1, 790, 195
860, 763
7, 700, 525
8, 547, 324
7,513,824
7, 306, 007
6, 835, 367
5,707,169
5, 391, 647
3, 972, 649
3, 350, 040
1, 725, 017
502, 472
664,049
604, 536
334,347
336, 770
306, 972
410, 357
488,476
271,040
119, 909
6,151,872
6, 119, 557
5, 537, 131
5,025,728
5,267,997
6,065,640
5, 647, 522
4, 152, 064
4, 729, 823
4, 887, 185
1, 644, 109
1, 556, 751
1, 277, 177
668,873
1,077,973
1, 263, 837
920, 593
918, 283
957, 189
1, 103, 705
454, 815
395, 609
376, 251
517,326
467, 193
680, 706
622, 311
477,053
522, 666
751,486
1,003,026
994,044
799, 975
1, 089, 581
1, 110, 868
1, 119, 361
1, 070, 588
643,813
736, 365
384, 648
473, 896
502, 588
378, 775
423,040
354,215
333, 533
282, 306
215,451
191, 724
96,767
1,467,429
1,497,279
1, 362, 059
1, 387, 239
1, 198, 585
944,805
836, 626
660, 352
620, 998
369, 428
86,883
98,003
98,034
63, 187
54, 333
51,444
61,210
70, 163
38, 189
20,359
725,673
692,841
666, 121
657, 551
653, 624
669, 530
656, 525
490, 313
549,868
610, 558
110, 810
98,007
96,849
58,683
68, 570
73, 330
48,339
66, 193
66,527
87, 781
42,065
36, 470
48,801
37, 257
45,749
53,574
58,466
40, 319
52, 580
87, 182
109,937
115, 057
100,086
121, 615
136,005
113,145
123, 107
75, 527
86,940
41, 328
18, 175
13,237
7,814
11,032
9,591
6,280
5,961
(25
5,391
(25
35, 782
29,531
31,878
28, 016
22, 256
17, 557
14, 115
12,525
9,961
6,379
5,257
6,065
3,239
1,972
1,987
2,487
1,375
(2S
<2)
(2)
32,829
36, 233
32,428
32, 697
27, 651
26, 932
25, 584
32, 960
24, 019
14, 399
2,773
3,747
3,633
3,475
2,612
(2>
2,402
(25
(2)
(2)
1,687
1,785
1,744
1,247
1,352
(2)
1,952
<25
(2)
(2)
7,339
6,115
7,735
10, 656
9,074
8,938
5,877
(2)
(2)
(2)
676,039
644,586
238,183
418, 358
552,379
684, 246
386,882
(25
204,080
(25
490, 665
520,936
702,037
459,778
327,482
378,540
300, 372
235,286
128, 795
69,917
69,647
160, 105
292, 526
54,200
51, 962
37, 192
35,834
(25
(2)
(2)
783,495
606, 616
786,739
1,222,318
537,517
606,873
616, 108
689,780
596,988
360,061
132, 681
100, 553
227, 243
658, 246
66,504
(2)
146,902
<25
(2)
(2)
58,990
31,627
230,967
59,558
73,555
(2)
48,685
(25
(2)
(2)
268, 138
161,807
121,648
276,400
157, 142
210,937
171, 090
(25
(2)
(2)
60, 855
51,417
34,370
62, 719
54,224
36,816
n.a.
(2)
18, 233
(2)
53,284
51,715
51,246
44,665
40,807
28,560
n.a.
20, 333
12, 742
6,733
15, 614
15,130
62, 016
6,097
3,260
6,137
n.a.
(2)
(2)
(2)
80, 180
65,893
57,297
85,748
54,715
50, 518
n.a.
79,053
64,907
37, 241
8,573
10, 169
14,128
21, 373
4,203
(2)
D
(2)
(2)
(2)
11, 333
4,175
4,308
4,966
4,948
(2)
n.a.
<2)
<2)
(2)
18,036
11,813
13,647
27, 254
13, 780
20, 687
n.a.
(2)
(2)
(2)
Footnotes Bt end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
133
SOLE PROPRIETORSHIPS
Table 36.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES FOR SELECTED YEARS— Continued
Industry and year
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Depreci-
ation
(Thousand
dollar*)
Net profit
(less loss)
( Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
Businesses without net profit
Number of
businesses
Business
receipts
(Thousand
dollars)
(Thousand
dollars)
MANUFACTURING— Continued
Furniture and Fixtures
(i)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
1945-46.
Printing, Publishing, and Allied Industries
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^8.
1945-46.
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^8.
1945^6.
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^48.
1945^6.
Chemicals and Allied Products
Stone. Clay and Glass Products
Fabricated Metal Products. Except Machinery and
Transportation Equipment
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945^6
Machinery. Except Electrical and Transportation Equipment
1960-61
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^18.
1945-46.
Electrical Machinery. Equipment, and Supplies
1960-61.
1959-60.
1958-59.
1957-58. .
1955-56.
1953-54.
1951-52.
1949-50.
1947^48.
1945-46.
10,096
10, 536
6,977
8,153
7,635
8,460
8,141
n.a.
9,243
7,222
28, 042
27,980
32,447
22,958
25,875
26, 997
24, 172
27, 889
22,843
18, 714
3,910
4,614
1,289
2,766
2,320
2,552
n.a.
n.a.
n.a.
n.a.
6,333
6,604
5,687
5,238
5,048
7,243
5,415
n.a.
n.a.
n.a.
5,869
6,223
6,966
8,021
6,685
6,770
7,223
n.a.
20, 628
15, 174
13,573
11, 854
8,588
8,973
6,599
2,810
2,839
2,045
1,353
1,119
n.a,
n.a
n.a.
286,919
303,910
164, 169
230, 944
252,469
273, 140
290, 998
n.a.
279, 773
263, 794
739,984
629, 29?
786, 391
623, 215
654,574
698,621
524, 074
513, 545
449, 030
315, 439
98, 865
92, 728
64,688
55,295
90, 510
89, 672
n.a.
n.a.
n.a.
n.a.
338, 267
295, 823
215, 237
178, 056
219,555
211, 507
193, 325
283,053
290, 763
317, 776
328,057
373, 310
346,471
356, 955
609, 356
438, 572
485, 866
528,462
422, 374
544,126
421,434
n.a.
n. a.
n. a.
124,442
136,001
69,964
68, 891
29,717
6,876
8,157
4,641
3,746
n.a.
n.a.
n.a.
29,294
29,801
29,715
23,159
n.a.
n.a.
n.a.
1,911
3,598
1,251
1,409
22,401
14,729
11,998
7,115
n.a.
n.a.
8,978
8,245
13,588
8,823
n.a.
n.a,
n.a
n.a
n.a
28, 222
18, 245
20,864
28, 411
n.a.
n.a.
n. a.
n.a.
n.a.
2,542
2,929
1,984
1,200
n.a
n.a
n.a
n.a
32, 666
33, 218
18,984
22,404
26,813
n.a
n. a
n.a
102,480
95, 030
116, 379
103, 222
99,849
101, 365
n.a.
n.a.
5,758
5,591
7,988
13,009
10, 720
n.a.
n.a.
19, 056
25,724
23,469
12,824
19, 194
24,164
n.a.
n.a.
n.a.
n. a.
40, 639
38,662
44,434
40,241
43, 819
n.a.
n.a.
n.a.
90, 112
68, 563
63, 183
83,812
51, 895
82, 475
n.a.
12,957
11,977
8,501
5,882
4,815
n.a.
n.a.
n.a.
8,621
8,097
4,609
6,723
6,614
7,565
6,784
n. a.
7,624
6,580
23, 373
23,264
26, 542
19,744
22, 172
23,646
21,091
24, 394
20, 943
16, 380
2,390
2,711
864
2,341
1,937
2,163
n.a.
n. a.
n.a.
n.a.
4,045
4,423
4,704
3,451
3,807
5,892
(25
4,519
5,200
6,365
5,722
5,528
5,923
6,220
n.a.
n.a.
n.a.
17, 758
12, 550
12,340
10, 395
6,770
7,964
5,438
2,029
2,046
1,897
1,114
817
262, 852
266, 201
153, 731
215, 659
248, 882
251, 039
260, 697
n.a.
239, 969
234,774
671, 323
603,090
738, 671
606,984
615, 974
629, 384
494, 187
482, 293
436, 328
301, 294
89,778
76, 723
63,976
53, 250
79, 265
85,827
n.a.
237,703
278,485
202,476
149, 257
171, 378
204, 624
(2>
274, 797
259, 314
306, 557
287, 405
351, 933
328, 020
336, 018
n.a.
n.a.
n.a.
566, 742
407, 895
439, 572
517, 095
353, 890
526, 954
396, 033
n.a.
n.a.
n.a.
122, 236
135,373
60, 115
64,401
28, 220
34,966
37,168
20,351
25,410
29,109
25, 896
28,979
n.a.
27,433
30,861
115,755
100,064
122, 191
107, 691
106,849
105, 331
88, 723
94,778
83, 211
62,419
11, 059
8,574
8,311
13,479
11, 765
11,524
n.a.
n. a.
n.a.
25,446
28,414
25,460
16, 353
22, 192
26, 325
(25
n.a.
n.a.
n.a.
41,910
41,123
46,240
45, 249
46,346
44,513
n.a.
n.a.
n.a.
n.a.
93,410
71,544
68, 880
86, 359
58,731
84,454
n.a.
n.a.
13,957
12,622
9,600
7,158
5,324
n.a.
n. a.
1,475
2,439
2,368
1,430
1,021
(2)
1,357
n.a.
(2)
(2)
4,669
4,716
5,905
3,214
3,703
3,351
3,081
(25
(2)
(2)
1,520
1,903
425
425
383
(2)
2,288
2,181
983
1,787
1,241
1,351
n.a.
n.a.
n.a.
n.a.
1,350
1,023
601
2,299
1,157
(2)
1,003
n. a.
2,870
2,624
1,233
1,459
1,818
1,009
1,161
n.a.
781
793
148
239
302
24,067
37,709
10,438
15, 285
3,587
(2)
30,301
n.a.
(2)
(2)
68,661
26, 203
47, 720
16, 231
38,600
69, 237
29, 887
(25
(2)
(2)
9,087
16,005
712
2,045
11, 245
(2)
n.a.
n.a.
n.a.
n.a.
100,564
17, 338
12, 761
28, 799
48, 177
6,883
n.a.
n.a.
n.a.
8,256
31,449
11,219
40, 652
21, 377
(2)
20, 937
42, 614
30,677
46,294
11, 367
68,484
17, 172
25,401
n.a.
n.a.
n.a.
2,206
628
9,849
4,490
1,497
2,300
3,950
1,367
3,006
2,296
(2)
(2)
<2>
13, 275
5,034
5,812
4,469
7,000
3,966
n.a.
(2)
(2)
(2)
5,301
2,983
323
470
1,045
(2)
n.a.
n.a.
n.a.
n.a.
6,390
2,690
1,991
3,529
2,998
2,161
n.a.
1,271
2,461
1,806
5,008
2,527
(2)
n.a.
n. a.
n.a.
3,298
2,981
5,697
2,547
6,836
1,979
n- a.
n.a.
n.a.
n.a.
1,000
645
1,099
1,276
509
n.a.
n.a
n.a.
n.a.
n.a.
See footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
134
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
SOLE PROPRIETORSHIPS
Table 36.— NUMBER OF BUSINESSES, BUSINESS RECEIPTS, NET PROFIT, NET LOSS, AND DEPRECIATION, BY SELECTED INDUSTRIES FOR SELECTED YEARS— Continued
Industry and year
Businesses with and without net profit
Number of
businesses
Business
receipts
(Thousand
dollar*)
Depreci-
ation
(Thousand
dollara)
Net profit
(less loss)
f Thousand
dollars)
Businesses with net profit
Number of
businesses
Business
receipts
i Thousand
oollara)
Net profit
( Thousand
dollars)
Businesses without net profit
Number of
businesses
Business
receipts
(Thousand
dollara)
( Thousand
dollars)
MANUFACTURING— Continued
Other Manufacturing Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54 ,
1951-52
1949-50 ,
1947-48 ,
1945-46
TRANSPORTATION, C0XMUNICAT10N, AND SANITARY SERVICES
Total
1960-61
1959-60
1958-59 ,
1957-58 '.
1955-56
1953-54
1951-52
1949-50
1947-48
1945-46
Motor Freight Transportation and Warehousing
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-18
1945-46
Other Transportation
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
1945-16
Communication, Water Supply, and Other Sanitary Services
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54 '.
1951-52
1949-50
1947-48
1945-46
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
34,290
36, 805
30,939
31, 780
29,437
35,033
36, 652
67, 270
56, 906
47, 773
287, 661
283, 553
290, 225
295, 561
253, 209
269, 675
262, 582
238, 152
226,901
165,673
205, 762
201, 626
210,807
212, 609
177, 849
197, 454
194,453
179, 818
166, 790
117,046
66,81 -
67,295
63,986
69,934
63, 167
63, 695
60,940
54, 207
55, 876
44,373
15,095
14, 632
15,432
13,018
12, 193
8,526
7,189
4,127
4,235
4,254
892,722
1, 298, 692
1,186,518
965, 142
809, 770
1, 079, 688
1,496,675
1, 890, 707
2, 073, 630
2, 269, 738
4, 362, 621
4, 044, 718
3, 929, 658
3, 682, 743
2,973,700
2, 870, 366
2,795,939
2, 281, 279
1,929,306
1,457,452
3,478,417
3, 210, 644
2,980,151
2, 897, 286
2, 179, 210
2, 286, 967
2,214,806
1, 730, 649
1, 432, 164
1,039,252
624, 555
610,807
778, 649
607, 684
546,088
496, 406
502, 369
492, 356
438, 022
383, 327
259, 649
223, 267
170, 858
177, 773
248,402
86,993
78,764
58, 274
59,120
34,873
22, 118
34,884
33,958
24, 184
421,731
399, 328
403, 234
396,953
n.a.
n.a.
n.a.
348,696
327,935
329,431
330,434
n.a
n. a
n.a
n. a
n.a.
51,134
52, 122
61, 976
53, 191
21,901
19, 271
11,827
13,328
n.a
n.a
116, 957
124, 806
112, 233
126,447
114, 411
n.a.
n.a
540, 130
553, 519
545, 104
528,251
512, 160
495, 836
n.a.
365, 753
337, 236
257, 022
399, 172
392,156
378, 554
375,626
363, 177
388, 139
n.a.
286, 243
255, 845
181,482
104, 622
123, 458
124,021
116,759
110, 747
82,877
n.a.
n.a.
71, 218
36, 336
37, 905
42,529
35, 866
38, 236
n.a.
10, 173
28,213
27, 898
23, 286
25, 514
24, 249
28,413
n.a.
51,275
46,094
41, 114
233, 835
230, 881
238,953
241, 031
216, 589
230, 797
225, 838
204,853
199, 973
148,938
163, 831
161, 626
170,477
168, 504
147, 934
169, 740
165,996
153, 535
147, 251
104, 707
56,144
56, 663
55, 726
60, 828
57, 130
53, 214
53, 120
47, 611
49, 169
40, 322
13, 860
12,592
12,750
11,699
11, 525
7,843
6,722
3,707
3,553
3,909
824,491
1, 146, 072
1, 118, 630
855,897
762,421
975, 888
n.a.
1, 630, 622
1, 837, 306
2, 111, 278
3, 784, 378
3,426,054
3, 156, 860
3, 150, 755
2, 717, 205
2,596,734
2,419,568
1,942,006
1, 712, 389
1,272,409
2,982,761
2, 689, 757
2, 290, 414
2,430,286
1,959,012
2,087,955
1,925,731
1, 489, 561
1, 277, 631
900,529
555,944
546,457
713, 963
560, 353
512, 497
425, 397
422, 310
403, 200
379,153
338, 362
245, 673
191, 840
152,483
160, 116
245, 696
83, 382
71, 527
49, 245
55, 605
33,518
126, 360
143, 798
119, 352
138,297
122,984
131, 438
n.a.
213,496
233, 177
300, 987
619,534
629, 667
605, 003
607,408
555,266
539, 580
489, 988
414, 149
369,086
281, 707
461,435
451,986
427, 874
443,131
397, 207
419, 012
369, 719
319, 806
275, 853
195, 654
117,291
135,288
131,306
126,137
118, 678
95, 196
101, 523
82,491
82,054
75,290
40,808
42, 393
45, 823
38, 140
39,381
25, 372
18,746
11,852
11, 179
10, 763
6,077
8,907
7,653
6,266
5,188
n.a.
n.a.
(2)
n.a.
<2)
53, 826
52, 672
51, 272
54, 530
36, 620
38, 878
36,744
33, 299
26,928
16,735
41,931
40,000
40, 330
44,105
29,915
27, 714
28, 457
26, 283
19, 539
12, 339
10, 660
10, 632
8,260
9,106
6,037
10,481
7,820
(2i
6,707
(25
1,235
2,040
2,682
1,319
668
(2)
467
n.a.
682
68, 231
152, 620
67, 888
109, 245
47,349
(2)
I
(2)
n.a.
n.a.
578, 243
616, 664
772, 798
531, 988
256, 495
273, 632
376, 371
339, 273
216, 917
185,043
495, 656
520, 887
689,737
467,000
220, 198
199,012
289, 075
241, 088
154,533
138, 723
68,611
64,350
64,686
47, 331
33, 591
71,009
80, 059
(2)
58,869
(2)
13,976
31,427
18, 375
17, 657
2,706
(2)
7,237
n.a.
3,515
n.a.
(10)
9,403
18, 715
7,119
11, 850
8,573
(2)
n
(2>
n.a.
n.a.
79,404
76,148
59, 899
79,157
43, 106
43,744
n. a.
48,396
31, 850
24,685
62, 263
59, 830
49, 320
67, 505
34,030
30, 873
n.a.
33, 563
20,008
14, 172
12,669
11,830
7,285
9,378
7,931
12, 319
n.a.
(2)
10, 836
(2)
4,472
4,488
3,294
2,274
1,145
(2)
1,006
n.a.
n.a. - Not available.
1Net loss exceeds net profit.
2No reliable estimate of the sampling variability can be obtained from the sample. Data, however, are Included in totals.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data. "
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA 135
ACTIVE PARTNERSHIPS
Table 37.— NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, DEPRECIATION, NET PROFIT, NET LOSS, AND INVENTORY, BY INDUSTRIAL DIVISION, FOR SELECTED YEARS
Selected years
Number of
partner-
ships
Business
receipts
(Thailand
dollara)
Net profit
(Thousand
dollars)
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Inventory
end-of-year
(Thousand
dollars)
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Net profit
(Thousand
dollars)
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollara)
Inventory,
end-of-year
(Thousand
dollara)
All industrial divisions
Agriculture, forestry, and fisheries
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
940, 560
949,396
953,840
970,627
958,591
888, 862
627,049
72,771,424
77,046,643
78,235,308
83,429,698
78,538,704
59,253,157
47,465,345
9,373,289
9,720,805
9,487,390
9,513,145
9,329,399
8,008,362
6,935,211
1,012,916
876,097
838,337
754,657
935,133
329,861
167,496
2,083,506
2,102,722
2,017,335
2,137,600
1,526,059
813,099
483, 557
5,111,553
5,756,623
6,012,338
6,293,036
5,824,195
4,800,201
3,295,472
136,306
141,715
144,915
148,910
143,643
120,402
100,809
4,352,068
4,307,393
4,242,768
4,323,272
3,495,487
2,958,463
1,878,774
728,594
750,842
816,278
819,367
627,860
784,143
497,858
174,054
161,401
164,655
132,687
142, 304
50,616
30,081
330,789
311,464
326,187
331,430
240,984
116,267
68,835
273,427
288,719
394,988
386,685
348,813
261,162
209, 308
Mining
Construction
15,697
13,301
18,075
15,383
21,643
13,579
11,147
1,006,936
956,740
1,034,473
1,337,111
1,308,843
818,708
563,872
114,348
113,083
127,459
170,919
352,548
161,374
101,869
157,164
87,364
173,418
92,909
411,025
37,876
36,376
103,367
91,315
106,522
145,735
82,338
47,483
32,456
8,748
28,936
19,529
33,507
7,407
2,878
2,329
62,451
67,130
60,945
65,945
67,010
52,592
24,825
6,583,633
7,788,135
7,337,987
7, 535, XI
7,033,833
3,482,525
1,689,060
713,533
803,038
768,478
838,123
819,710
519,477
243,201
75,748
90,198
52,675
59,384
40,421
17,144
10,678
168,022
234,251
172,080
192,949
140,434
64,886
26,255
237,369
356,507
188,124
272,801
239,779
153,382
49,359
Manufacturing
Transportation, communication, water supply, and sanitary services
47,183
47,869
50,745
51,870
63,144
74,978
61,196
7,372,219
7,702,613
8,006,907
8,236,637
9,356,506
7,905,673
10,533,236
663,127
699,945
728,451
757,257
1,000,277
1,012,156
1,528,620
60,853
50,252
62,543
53,817
65,650
58,169
23,010
167,129
172,564
185,518
196,017
184,215
112,619
94,899
570,743
631,549
729,073
678,172
754,306
680,763
755,625
17,638
17,623
17,198
16,873
20,349
20,776
12,300
1,000,332
1,105,980
1,047,915
1,057,162
970,216
763,995
600, 510
144,877
145,754
143,100
152,249
173,188
132,794
107,262
15,951
14,108
11,415
12,301
6,598
7,625
5,290
76,160
75,029
76,502
69,279
65,513
45,736
26,298
3,917
13,291
5,356
10,387
6,488
6,665
3,389
Wholesale and retail trade
291,053
303,822
317,656
331,074
356,800
372,212
248,860
39,002,533
41,659,862
42,919,970
47,048,420
47,973,413
37,818,183
26,678,408
2,458,219
2,683,290
2,713,152
2,878,355
3,213,945
3,320,581
2,794,518
167,849
154,178
177,251
157,333
174,692
86,728
25,987
405,782
434,826
473,776
495,052
416,346
228, 836
115,493
3,889,870
4,249,895
4,526,328
4,757,929
4,339,137
3,585,995
2,190,679
Wholesale trade
40,572
50,456
48,884
53,161
46,665
45,280
37,037
12,711,942
14,564,794
15,115,810
17,245,681
17,306,042
13,048,982
11,667,486
627, 562
744,454
755,989
824,761
817,089
789,435
852,189
40,809
43,903
47,927
45,718
84,208
23,940
8,553
95,028
111,833
119,776
133,344
89,000
42,949
24,792
920,619
1,081,772
1,119,094
1,209,713
1,021,520
865,292
768,159
Wholesale and retail trade — Continued
Retail trade
238,451
241,170
250,629
266,006
291,234
294,759
201,854
24,786,856
24,882,099
25,378,891
27,853,899
28,194,552
20,303,945
12,868,831
1,731,673
1,796,234
1,797,770
1,938,815
2,212,091
2,160,306
1,746,561
119,693
104,459
121,671
101,813
84,502
53,022
15,966
292,453
295,728
322,728
338,814
305,497
157,322
80,535
2,813,780
2,917,350
3,139,665
3,344,308
3,069,068
2,265,358
1,249,559
Finance, insurance, and real estate
202,630
185,173
168,960
170,180
131,371
87,647
64,478
4,031,113
4,217,032
4,483,411
5,253,289
2,136,388
826,536
1,862,929
1,336,025
1,398,489
1,277,977
1,200,725
995,948
588,975
492,008
244,230
197,384
116,632
135,054
45,438
32,089
17,651
473,777
444,978
347,237
368,322
185,311
78,982
55,419
Not
applicable
Nature of business not allocable
8,242
12,265
12,465
15,162
8,178
15,722
12,968
141,298
265,105
234,483
346,623
124,108
438,583
519,406
48,353
56,481
58,964
89,348
39,930
109,486
108,354
6,406
14, 920
6,117
6,786
4,012
7,031
3,881
3,680
9,830
5,396
7,832
3,908
8,975
6,527
2,790
21,049
8,938
13,915
7,492
24,138
29,725
Wholesale and retail trade not allocable
12,030
12,196
18,143
11,907
18,901
32,173
9,969
1,503,735
2,212,969
2,425,269
1,948,840
2,472,819
4, 465, 256
2,142,091
98,984
142,602
159,393
114,779
184,765
370,840
195,768
7,347
5,816
7,653
9,802
5,982
9,766
1,468
18,301.
27,265
31,272
22,894
21,849
28,565
10,166
155,471
250,773
267,569
203,908
248, 549
455,345
172,961
159,360
160,498
162,881
155,230
146,453
130,954
90,466
9,281,292
9,043,783
8,927,394
8,291,883
6,139,910
4,240,491
3,139,150
3,166,213
3,069,883
2,853,531
2,606,802
2,105,993
1,379,376
1,061,5a
110,661
106,292
73,631
104,386
44,993
32,583
14,542
354,800
328,465
324,117
330,984
207,010
109,315
57,375
124,689
166,677
140,002
139,640
120,773
85,218
55,058
136
ACTIVE PARTNERSHIPS
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
Table 38 . —NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS AND DEPRECIATION, BY SELECTED INDUSTRIES, FOR
SELECTED YEARS
Industry and year
Partnerships with and without net profit
Number of
rtner-
ships
Business
receipts
(Thousand
dollara)
Gross
profit
(less loss)
(Thousand
dollara)
Depre-
ciation
(Thailand
dollara)
Partnerships with net profit
Number of
partner-
ship
Business
receipts
( Thousand
dollara)
Gross
profit
(Thouaand
dollara)
Net
profit
(Thouaand
dollara)
Partnerships without net profit
Number of
partner-
ship
Business
receipts
(Thouaand
dollara)
Gross
profit
(less loss
(Thouaand
dollara)
(Thouaand
dollara)
AGRICULTURE, FORESTRY, AND FISHERIES
Total
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Farms
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Other Agriculture, Forestry, and Fisheries
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
MINING
Total
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Crude Petroleum and Natural Gas
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Other Mining, Including Quarrying
1 960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
CONSTRUCTION
Total
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
General Contractors
1960-61
1959-60 ,
1958-59
1957-58
1953-54
1947-48
1945-^
Special Trade Contractors
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
(1)
(3)
(4)
(5)
(8)
(11)
136,306
141,715
144,915
148,910
143,643
120,402
100,809
126,189
131,530
134,752
136,640
135,383
113,778
96,503
10,117
10,185
10,163
12,270
8,260
6,624
4,306
15,697
13,301
18,075
15,383
21,643
13,579
11,147
10,842
8,449
12,126
9,665
15,866
7,612
7,495
4,855
4,852
5,949
5,718
5,777
5,967
3,652
62,451
67,130
60,945
65,945
67,010
52,592
24,825
17,795
19, 508
18,929
20,769
20,128
15,678
7,339
40,856
41,211
37,657
43,109
42,753
34,497
16,122
4,352,068
4,307,393
4,242,768
4,323,272
3,495,487
2,958,463
1,878,774
3,632,247
3,576,450
3,470,013
3,426,979
2,833,125
2,582,091
1,712,737
719,821
730,953
772,755
896,293
662,362
376,372
166,037
1,006,936
956,740
1,034,473
1,337,111
1,308,843
818,708
563,872
596,183
520,700
611,512
712,904
987,527
421,434
311,338
410,753
436,040
422,961
624,207
321,316
397,274
252,534
6,583,633
7,788,135
7,337,987
7,535,301
7,033,833
3,482,525
1,689,060
3,802,793
4,272,882
4,374,018
4,417,784
3,714,527
1,694,605
908,256
2,618,947
2,987,864
2,805,874
3,022,211
3,049,949
1,626,859
699,824
3,153,754
3,077,579
2,890,251
3,005,854
1,186,053
1,182,135
768,551
2,828,020
2,777,827
2,576,721
2,668,578
1,049,220
1,074,023
706,469
325,734
299,752
313,530
337,276
136,833
108,112
62,082
519,012
494,237
422,731
714,125
680,386
402,625
260,016
293,352
272,462
231,303
378,915
513,208
206,092
151,882
225,660
221,775
191,428
335,210
167,178
196,533
108,134
1,996,141
2,228,164
1,861,174
2,149,200
1,866,491
1,059,762
493,578
889,207
921,353
853,817
952,958
772,443
428,513
217,858
1,046,962
1,140,141
942,331
1,165,553
1,021,710
579,708
249,344
330,789
311,464
326,187
331,430
240,984
116,267
68, 835
301,786
286,141
294,754
295,221
223,207
105,996
63,838
29,003
25,323
31,433
36,209
17,777
10,271
4,997
103,367
91,315
106, 522
145,735
82,338
47,483
32,456
69,359
55,543
67,895
66,133
56,859
30,747
23,257
34,008
35,772
38,627
79,602
25,479
16,736
9,199
168,022
234,251
172,080
192,949
140,434
64,886
26,255
100,881
141,113
99,561
119,715
78,343
41,222
18,807
62,491
74,946
66,074
71,409
56,709
19,711
5,815
103,876
107,350
113,286
115,229
112,021
106,566
90,674
96,380
99,956
104,822
105,558
105,775
101,060
87,091
7,4%
7,394
8,464
9,671
6,246
5,506
3,583
8,400
7,921
11,920
9,395
11,231
10,127
7,700
5,284
4,573
7,001
5,863
7,185
5,201
5,041
3,116
3,348
4,289
3,532
4,046
4,926
2,659
52,944
57,481
52,115
58,273
62,492
49,199
23,282
14,301
15,971
15,625
16,980
18,249
14,089
6,625
35,608
36,011
33,189
39,540
40,340
32,891
15,414
3,538,597
3,548,103
3,465,022
3,568,406
2,918,241
2,743,022
1,746,089
2,943,376
2,936,718
2,834,958
2,895,232
2,339,743
2,394,330
1,595,109
595,221
611,385
630,064
673,174
578,498
348,692
150,980
721,616
711,898
760,774
1,010,510
1,146,615
725,664
477,479
373,399
350,134
415,800
517,962
883,180
351,247
256,496
348,217
361,764
344,974
492,548
263,435
374,417
220,983
5,642,037
6,710,360
6,360,026
6,558,026
6,302,938
3,324,716
1,565,697
3,149,102
3,571,490
3,651,847
3,613,104
3,295,884
1,588,221
809,232
2,351,077
2,728,426
2,584,805
2,866,317
2,752,888
1,585,414
680,807
2,628,148
2,575,883
2,425,492
2,544,111
1,111,174
1,154,576
757,257
2,356,705
2,323,083
2,174,395
2,272,886
989,505
1,056,683
699,086
271,443
252,800
251,097
271,225
121,669
97,893
58,171
411,262
392,056
396,728
575,854
660,996
382,170
241,162
215,935
198,940
235,535
314,661
512,109
194,647
140,057
195,327
193,116
161,193
261,193
148,887
187,523
101,105
1,820,524
2,031,486
1,725,379
2,002,562
1,818,9%
1,0X,542
481,393
800,572
838,623
788,921
866,110
746,861
412,851
209,858
966,645
1,047,142
886,067
1,108,817
1,002,497
568,565
245,541
728,594
750,842
816,278
819, 367
627,860
784,143
497,858
646,558
665,646
728,890
687,528
570,891
738,130
472,905
82,036
85,196
87,388
121,839
56,969
46,013
24,953
114, 348
113,083
127,459
170,919
352,548
161 , 374
101,869
70,792
64,544
88,995
103,568
315,541
96,843
69, 397
43,556
48,539
38,464
67,351
37,007
64,531
32,472
713,533
803,038
768,478
838,123
819,710
519,477
243,201
300,594
337,810
360,512
349,218
345, 581
202,095
103, 500
386,128
406,171
382,110
472,569
437,068
294,749
127, 582
32,430
34,365
31,629
33,681
31,622
13,836
10,135
29,809
31,574
29,930
31,082
29,608
12,718
9,412
2,621
2,791
1,699
2,599
2,014
1,118
723
7,297
5,380
6,155
5,988
10,412
3,452
3,447
5,558
3,876
5,125
3,802
8,681
2,411
2,454
1,739
1,504
1,660
2,186
1,731
1,041
993
9,507
9,649
8,830
7,672
4,518
3,393
1,543
3,494
3,537
3,304
3,789
1,879
1,589
714
5,248
5,200
4,468
3,569
2,413
1,606
708
813,471
759,290
777,746
754,866
577,246
215,441
132,685
688,871
639,732
635,055
531,747
493,382
187,761
117,628
124,600
119,558
142,691
223,119
83,864
27,680
15,057
285,320
244,842
273,699
326,601
162,228
93,044
86,393
222,784
170,566
195,712
194,942
104,347
70,187
54,842
62,536
74,276
77,987
131,659
57,881
22,857
31,551
941,5%
1,077,775
977,961
977,275
730,895
147,809
123,363
653,691
701,392
722,171
804,680
418,643
106,384
99,024
267,870
259,438
221,069
155,894
297,061
41,445
19,017
525,606
501,696
464,759
461,743
74,879
27,559
11,294
471,315
454,744
402,326
395,692
59,715
17,340
7,383
54,291
46,952
62,433
66,051
15,164
10,219
3,921
107,750
102,181
26,003
138,271
19,390
20,455
18,854
77,417
73,522
4,232
64,254
1,099
11,445
11,825
30,333
28,659
30,235
74,017
18,291
9,010
7,029
175,617
196,678
135,795
146,638
47,495
29,220
12,185
88,635
82,730
, ... . S9o
86,848
25,582
15,662
8,000
80,317
92,999
56,264
56,736
19,213
11,143
3,803
174,054
161,401
164,655
132,687
142,304
50,616
30,081
162,665
143,140
150,645
119,283
134,653
46,754
28,516
11,389
18,261
14,010
13,404
7,228
3,862
1,565
157,164
87,364
173,418
92,909
411,025
37,876
36,376
146,716
73,817
159,488
61,863
399, 368
33,804
30,571
10,448
13,547
13,930
31,046
11,657
4,072
5,805
75,748
90,198
52,675
59,384
40,421
17,144
10,678
53,258
66,879
37,477
45,060
29,709
11,949
8,106
20,075
14,979
11,761
9,979
9,496
4,226
1,675
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
137
ACTIVE PARTNERSHIPS
Table 38 . —NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS AND DEPRECIATION, BY SELECTED INDUSTRIES, FOR
SELECTED YEARS— Continued
Industry and year
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollar*)
Gross
profit
{less loss)
(Thailand
dollars)
Depre-
ciation
( Thousand
dollar a)
Partnerships with net profit
Number of
partner-
ships
Business
receipts
( Thousand
dollars)
Gross
profit
(Thousand
dollar a)
Net
profit
(Thousand
dollar a)
Partnerships without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollars)
Gross
profit
(less loss'
(Thousand
dollars)
(Thous,
doll;
CONSTHUCTION— Continued
Construction not Allocable
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
MANUFACTURING
Total
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Food and Kindred Products, Including Beverages
1960-61
1959-60
1958-59
1957-58
1953- 542
1947-48
1945-46
Apparel and Other Finished Products Made
from Fabrics and Similar Materials
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Lumber and Wood Products, Except Furniture
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Furniture and Fixtures
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Printing, Publishing, and Allied Industries
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48 .■
1945-46
Chemicals and Allied Products
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Stone, Clay, and Glass Products
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
3,800
6,411
4,359
2,067
4,129
2,417
1,364
47,183
47,869
50,745
51,870
63,144
74,978
61,196
7,404
5,550
5,273
11,664
9,018
4,082
3,305
3,702
3,640
7,316
9,424
10,387
8,409
9,456
10,166
10,620
14,290
11,331
5,859
2,284
1,411
1,652
1,268
2,872
5,085
3,021
6,538
6,639
6,100
7,147
6,099
6,983
5,679
775
911
1,141
1,877
1,168
1,743
1,702
2,060
1,952
1,274
2,458
2,899
4,152
1,912
161,893
527,389
158,095
95,306
269,357
161,061
80,980
7,372,219
7,702,613
8,006,907
8,236,637
9,356,506
7,905,673
10,533,236
2,016,144
1,998,118
2,245,502
1,744,253
1,597,072
1,762,800
2,159,610
980,632
1,017,032
966,264
965,648
1,537,076
1,696,163
2,593,494
794,409
1,036,465
994,238
959,831
1,539,269
870,753
511,662
276, 507
222,663
247,540
226,403
290,382
350,112
401,606
507,538
506,704
547,901
704, B22
380,584
386,509
297,158
191,140
215,132
215,987
272,155
211,997
227, 538
279,429
246,036
235,710
220,037
511,418
210,924
191,597
118,175
59,972
166,670
65,026
30,689
72,338
51,541
26,376
2,321,376
2,367,259
2,417,083
2,573,026
2,651,988
2,222,148
2/940,036
516,494
490,994
536,543
401,009
288,583
367,115
464,563
241,806
231,702
228,901
223,707
357,709
386, 593
655,704
265,671
350,938
307,863
300,673
432,431
306,091
153,646
88,737
66, 811
88,136
66,289
80,198
101,459
109,804
250,670
240, 380
255,075
376,729
190,603
175,091
141,117
85,031
80,158
85,654
97,885
64,164
73,149
97,376
99,057
89,167
81,882
181,625
88,962
73,079
45,422
4,650
18,192
6,445
1,825
5,382
3,953
1,633
167,129
172,564
185,518
196,017
184,215
112,619
94,899
40,131
40,073
45,177
32,962
23,801
25,562
21,015
6,900
8,236
7,998
6,699
9,714
7,198
7,336
33,872
39,400
44,077
45,163
58,460
26,077
11,554
3,702
3,217
4,098
2,548
4,131
4,519
2,977
15,280
15,391
17,590
21,688
10,082
6,313
4,646
4,520
4,024
4,228
6,322
4,338
2,523
2,601
11,445
8,858
7,848
24,139
7,599
5,844
2,561
3,035
5,499
3,301
1,753
3,903
2,219
1,243
37,898
38,681
41,555
40,470
52,699
63,214
55,545
5,843
5,577
6,051
4,344
4,440
9,768
8,366
3,581
2,841
3,161
2,971
6,148
8,384
10,058
6,527
7,593
7,818
7,133
11,336
10,082
5,040
1,845
1,169
1,335
1,139
2,566
4,233
2,713
5,379
5,644
5,687
6,151
5,097
6,379
5,295
569
650
806
1,391
1,043
1,317
1,494
1,450
1,567
1,076
1,658
2,098
3,146
1,490
141,858
410,444
123,374
78,605
254,166
151,081
75,658
6,567,029
6,991,887
7,015,187
7,159,382
8,623,332
7,444,776
10,238,185
1,820,678
1,770,720
1,931,485
1,511,814
1,506,425
1,621,816
2,073,967
909,448
949,369
880,297
881,137
, 379,451
,636,976
,583,303
603,639
871,271
738,297
618,955
1,247,377
825,944
470, 387
236,484
201,343
206,039
209,064
285,462
325,205
389,951
475,940
481,193
533,015
657,046
369, 569
372,242
291,643
185,435
206,904
186,345
254,145
195,665
210,115
271,781
216,399
216,634
212,463
480,436
208,981
174,156
110,395
53,307
145,721
50,391
27,635
69,638
49,126
25,994
2,126,517
2,198,649
2,214,940
2,351,491
2,536,639
2,153,523
2,897,638
474,325
444,516
473,628
355,276
277,429
348,793
458,422
223, 599
219,745
214,907
208,613
334,043
379,547
654,774
227,305
311,618
260,707
233,829
383,939
296,458
145,890
80,004
61,030
78,226
62,978
79,005
97,791
108,379
235,441
225,730
249,427
356,932
187,448
172,209
138,654
83,183
78,974
74,323
95,280
63,295
69,685
95,254
90,224
85,155
79, 518
175,467
88,341
70,769
43,743
26,811
59,057
25,856
16,336
37,061
22,633
12,119
663,127
699,945
728,451
757,257
1,000,277
1,012,156
1,528,620
114,120
110,878
116,300
95,973
82,551
141,297
211,581
69,508
64,006
74,443
60,956
123,085
178,005
360,673
62,183
87,178
78,279
65,294
122,554
130,815
61,509
27,669
19,200
18,933
17,017
30,269
47, 529
58,210
84,805
81,154
81,834
100,365
77,962
85,551
70,058
20,268
23,991
21,344
28,006
22,509
34,041
46,541
24, 376
30,876
29,896
42,840
34,829
33,504
20,955
765
912
1,058
314
226
C1)
I1)
9,285
9,188
9,190
11,400
10,445
11,764
5,651
1,149
1,223
1,353
1,206
833
1,896
652
501
464
541
669
1,168
1,040
329
1,882
1,863
2,348
3,487
2,954
1,249
819
439
242
I1)
306
852
308
,159
995
413
996
,002
604
384
206
261
335
486
125
426
208
610
385
(M
800
801
1,006
422
40,070
116,945
34,721
16,701
15,191
t1)
t1)
805,190
710,726
991,720
1,077,255
733,174
460,897
295,051
195,466
227,398
314,017
232,439
90,647
140,984
85,643
71,184
67,663
85,967
84,511
157,625
59,187
10,191
190,770
165,194
255,941
340,876
291,829
44,809
41,275
40,023
21,320
I1)
t1)
4,920
24,907
11,655
31,598
25,511
14,886
47,776
11,015
14,267
5,515
5,705
8,228
29,642
18,010
16,332
17,423
7,648
29,637
19,076
t1)
30,982
1,943
17,441
7,780
6,665
20,949
14,635
3,054
2,700
I1)
I1)
194,859
168,610
202,143
221,535
115,349
68,625
42,398
42,169
46,478
62,915
45,733
11,154
18,322
6,141
18,207
11,957
13,994
15,094
23,666
7,046
930
38,366
39,320
47,156
66,844
48,492
9,633
7,756
8,733
5,781
(X)
I1)
1,193
3,668
1,425
15,229
14,650
5,648
19,797
3,155
2,882
2,463
1,848
1,184
11,331
2,605
869
3,464
2,122
8,833
4,012
t1)
6,158
621
2,310
1,679
Footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of the Data.
138
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
ACTIVE PARTNERSHIPS
Table 38. -NUMBER OF PARTNERSHIPS, BUSINESS RECEIPTS, GROSS PROFIT, NET PROFIT, NET LOSS AND DEPRECIATION, BY SELECTED INDUSTRIES, FOR
SELECTED YEARS— Continued
Industry and year
Partnerships with and without net profit
Number of
partner-
ships
Business
receipts
(Thousand
dollar*)
Gross
profit
(less loss'
(Thouaand
dollara)
Depre-
ciation
(Thouaand
dol Ian )
Partnerships with net profit
Number of
partner-
ships
Business
receipts
(Thouaand
dollara)
Gross
profit
( Thouaand
dollara)
Net
profit
(Thouaand
dollara)
Partnerships without net profit
Number of
partner-
ships
Business
receipts
( Thouaand
dollara)
Gross
profit
(less loss
( Thouaand
dollara)
(Thouaand
dollara)
15)
(7)
(10)
UD
MANUFACTUHING— Continued
Primary Metal Industries3
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Fabricated Metal Products. Except Machinery and
Transports' ion Equipment*
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Machinery. Except Electrical and Transportation
Equipment
1960-61
1959-60
1958-59
1957-58
1953-54
1947-48
1945-46
Electrical Machinery, Equipment, and Supplies
1960-61
1959-60
1958-59
1957-58
1953-54*
1947-48
1945-46
Other Manufacturing Industries
1960-61
1958-59
1957-58
1953-54
1947-48
1945-46
TRANSPORTATION,
COMMUNICATION,
SERVICES
AND SANITARY
1960-61 .
1959-60.
1958-59.
1957-58.
1953-54.
1947-48.
1945-46.
Motor Freight Transportation and Warehousing
I '.. -61.
1959-60.
1958-59.
1957-58.
1953-54.
1 147-48.
1945-46.
Other Transportation
1959-60.
1958-59.
1957-58.
1953-54.
1947-48.
1945-46.
Communication, Water Supply, and Sanitary
Services
L960-61.
1959-60.
1958-59.
1957-58.
1953-54.
1947-48.
1945-46.
810
895
1,683
1,851
3,562
3,540
3,666
4,781
4,384
4,897
4,509
4,179
4,387
4,652
5,112
697
614
669
663
963
656
7,250
7,427
8,905
8,951
14,059
19,001
17,850
17,638
17,623
17,198
16,873
20,349
20,776
12,300
12,055
11,981
12,301
12,083
14,400
14,190
7,995
3,576
3,508
3,407
2,731
4,484
5,354
3,493
2,007
2,134
1,490
2,059
1,465
1,232
812
169,846
155,716
197,423
281,026
549,661
560,902
487,613
628,108
901,529
450,034
513,844
385,890
466,430
648,178
697,850
113,854
117,322
142,877
101,265
89,621
221,408
1,076,418
1,123,005
1,355,635
1,375,278
2,039,495
1,920,890
3,252,844
1,000,332
1,105,980
1,047,915
1,057,162
970,216
763,995
600,510
694,972
773,203
746,647
724,330
664,446
453,404
325,928
201,263
240,946
215,013
250,778
241,714
276,490
251,881
104,097
91,831
86,255
82,054
64,056
34,101
22,701
50,856
44,025
60,697
99,249
181,508
195,097
162,514
221,604
287,909
186,377
209,777
155,764
191,661
257,318
144,874
263,648
33,996
31,151
44,623
28,325
28,218
61,612
321,173
337,059
409,431
384,270
604,111
566,479
947,143
801,832
828,379
765,942
802,940
616,249
458,335
352,298
572,709
615,100
553,658
573,250
429,956
287,901
205,053
133,737
132,487
133,833
165,635
144,363
146,692
131,702
95,386
80,792
78,251
64,055
41,930
23,742
15,543
3,217
3,015
4,235
5,617
11,325
12,299
13,687
15,124
14,223
15,836
17,267
13,779
13,363
16,344
9,360
12,265
1,442
2,229
2,699
1,402
19,459
18,555
20,102
20,990
29,981
24,234
28,097
76,160
75,029
76,502
69,279
65,513
45,736
26,298
58,006
58,176
54,672
53,420
50,917
31,030
14,796
9,087
9,244
16,306
9,317
11,863
13,093
10,608
9,067
7,609
5,524
6,542
2,733
1,613
894
667
691
1,364
1,551
2,417
2,901
2,646
3,144
4,471
3,657
3,996
3,853
3,791
3,859
3,959
4,619
474
369
643
544
738
574
5,489
5,683
7,115
6,303
11,641
15,208
15,896
13,786
13,817
13,009
13,804
17,297
17,629
10,656
9,529
9,635
9,461
9,793
12,074
12,236
7,132
2,711
2,548
2,250
2,145
3,858
4,318
2,773
1,546
1,634
1,298
1,866
1,365
1,025
751
154,197
139,790
166, 567
259,479
500,956
534,416
445,141
571,753
890,337
402,486
467,486
352,386
424,660
629,749
389,903
668,410
107,307
L09, ...
118,646
92,723
85,274
212,304
954,060
1,043,747
1,244,506
1,115,276
1,910,316
1,803,145
3,166,044
887,812
979,255
941,977
944,845
906,458
707,103
551,146
615,617
699,450
668,250
646,141
617,804
420,858
298,311
178,803
197,700
191,461
228,097
225,077
254,649
231,048
93,392
82,105
82,266
70,607
63,577
31 , 596
21,787
47,247
40,143
60,755
96,496
169,649
185,958
153,758
212,681
286,565
170,076
197,809
145,549
181,692
250,786
141,256
257,252
31,468
29,379
38,975
26,900
27,739
60,426
293,996
318,592
385,167
305,165
585,788
549,276
934,844
718,301
742, 501
700, 560
717, 354
580,866
430,133
327,537
507,094
554,464
507,818
518,319
403,367
271,002
191,698
124,073
116,546
117,058
146,427
136,048
137,135
120,549
87,134
71,491
75,684
52,608
41,451
21,996
15,290
17,596
14,832
30,889
38,475
58,773
70,307
60,983
84,825
127,788
68,526
80,001
57,708
75,771
125,353
71,796
138,398
12,192
10,301
15,061
11,622
13,523
32,938
103,111
106,221
142,781
136,113
253, 377
276,095
527,757
144,877
145,754
143,100
152,249
173,188
132,794
107,262
89,769
96,866
95,163
99,770
101,161
76,712
55,291
33,906
27,456
28,137
32,844
52,087
47,507
44,689
21,202
21,432
1 1,80
19,635
19,940
8,575
7,282
143
204
319
X0
485
661
894
522
727
901
656
388
528
693
493
223
245
(l)
C1)
225
82
1,761
1,744
1,790
2,648
2,418
3,793
1,954
3,852
3,806
4,189
3,069
3,052
3,147
1,644
2,526
2,346
2,840
2,290
2,326
1,904
863
865
960
1,157
586
626
1,036
720
(M
(M
(')
2
(M
461
500
15,649
15,926
30,856
21,547
48,705
26,486
42,472
56,355
11,192
47,543
46,358
33,504
41,770
18,429
19,787
29,440
6,547
8,308
t1)
t1)
4,347
9,104
122,358
79,256
111,129
260,002
129,179
117,745
86,800
112,520
126,725
105,938
112,317
63,750
56,892
49,364
79,355
73,753
78,397
78,189
46,642
32,546
27,617
22,406
43,246
23,552
22,681
16,637
21,841
20,833
10,705
9,726
(l)
(M
207
I1)
2,5
(M
3,609
3,882
(58)
2,753
11,859
9,139
8,756
8,923
1,344
16,301
11,968
10,215
9,969
6,532
3,618
6,396
2,528
1,772
I1!
(M
479
1,186
27,177
18,467
24,264
79,105
18,323
17,203
12,299
83,531
85,878
65,382
85,586
35,383
26,202
24,761
65,615
60,636
46,040
54,931
26,589
16,899
13,355
9,664
15,941
16,775
19,208
8,315
9,557
11,153
8,252
9,301
<;»
(')
C1)
1,746
C1)
948
1,102
5,186
726
2,473
2,111
5,371
8,017
2,814
3,915
6,110
3,045
4,528
2,629
2,961
2,190
1,005
1,522
C1)
(L)
860
,138
9,493
8,835
7,650
8,879
26,617
19,144
7,916
15,951
14,108
11,415
12,301
6,598
7,625
5,290
7,983
7,229
4,752
9,052
5,450
4,747
2,517
6,154
4,244
6,347
1,231
1,125
2,357
2,666
1,814
2,635
t1)
(M
C1)
t1)
521
JNo reliable estimate of the sampling variability can be obtained from the sample. Data, however, are included in the totals.
2In 1953-54 "Beverage industry" was not identified. Data are included in "Other manufacturing industries."
3In 1945, 1947, and 1953-54 "Primary metal industries" was not identified separately. Data are included in "Other manufacturing industries."
4In 1945 and 1947-48 "Fabricated metal products, except machinery and transportation equipment" was not identified separately. Data are included in "Other manufacturing
industries."
In 1953-54 "Electrical machinery, equipment, and supplies" was not identified separately. Data are included in "Other manufacturing industries.
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data."
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
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U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
143
ACTIVE CORPORATION RETURNS
Table 41. —NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, AND TOTAL ASSETS, BY SELECTED
INDUSTRIES, FOR SELECTED YEARS
Industry and year
Returns with and without net income
Number
of
returns
Total
compiled
receipts
(Thousand
dollars)
Business
receipts
{ Thousand
dollata)
Deprecia-
tion
(Thousand
dollars)
Net income
(less
deficit)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
Returns with net income
Number
of
returns
Total
compiled
receipts
(Thousand
dollars)
Business
receipts
( Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
TOTAL AGRICULTURE, FORESTRY,
FISHERIES
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
1960-61 .
1959-60.
1958-59.
1957-58.
1955-56.
1953-54 .
1951-52.
1949-50.
1947-48.
Metal Mining
1960-61 .
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Bituminous Coal and Lignite Mining
1960-61 .
1959-60 .
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Crude Petroleum and Natural Gas
1960-61 .
1959-60 .
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50 .
1947-48.
Mining and Quarrying of Nonmetallic
Minerals, and Anthracite Mining
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54.
1951-52.
1949-50.
1947-48.
TOTAL CONSTRUCTION
1960-61 .
1959-60.
1958-59 .
1957-58.
1955-56.
1953-54.
1951-52.
1949-50 .
1947 48.
17,139
15,603
13,945
11,833
10,303
9,405
8,734
8,006
7,329
13,017
32,920
12,117
12,675
10,718
9,147
9,036
9,151
8,294
1,035
1,099
1,073
1,503
1,342
730
893
830
931
1,828
1,961
1,481
1,750
1,592
1,572
1,813
2,070
1,837
6,873
6,673
6,219
6,191
5,096
4,455
4,140
4,106
3,607
3,281
3,187
3,344
3,231
2,688
2,390
2,190
2,145
1,919
72,332
66,260
59,847
53,576
41,569
34,866
29,593
25,746
20,287
4,402,207
3,837,620
3,613,666
3,008,157
2,585,998
2,392,643
2,467,383
1,902,210
1,670,512
10,925,775
10,354,855
10,105,633
11,539,284
9,810,730
9,353,096
9,690,851
6,825,473
6,036,603
2,201,941
1,873,814
1,710,048
2,258,906
1,880,145
1,392,930
1,562,324
966,123
1,000,582
2,006,581
1,951,445
2,040,982
2,603,232
2,028,487
2,049,822
2,562,199
1,927,298
2,314,511
4,876,115
4,676,119
4,334,998
4,745,485
4,180,637
4,370,813
4,024,944
2,730,990
1,574,492
1,841,138
1,853,477
2,019,605
1,931,661
1,721,461
1,539,531
1,541,384
1,201,062
1,147,018
32,893,347
32,140,410
28,561,305
27,051,994
20,038,383
16,190,517
14,240,093
9,917,590
7,048,005
4,214,621
3,676,501
3,454,765
2,858,156
2,476,132
2,299,984
2,322,869
1, 824, 517
1,595,525
10,408,286
9,896,963
9,629,295
11,107,662
9,458,679
8,999,752
9,315,739
6,564,908
5,809,182
2,124,015
1,791,980
1,621,954
2,164,354
1,796,797
1,338,899
1,502,777
927,378
966,141
1,938,741
1,884,238
1,982,687
2,533,292
1,963,529
1,989,685
2,483,748
1,874,693
2,239,434
4,572,461
4,450,769
4,153,068
4,535,124
4,020,737
4,174,932
3,838,246
2,602,617
1,494,256
1,773,069
1,769,976
1,871,586
1,874,892
1,677,616
1,496,236
1,490,968
1,160,220
1,109,351
32,361,892
31,681,534
28,147,531
26,675,079
19,741,680
15,959,365
14,010,409
9,739,599
6,929,018
178,203
164,480
152,352
124,865
112,769
88,823
74,914
59,705
39,646
719,555
691,008
644,869
664,658
542,747
443,161
407,537
302,443
192,989
118,025
100, 805
75,502
80,786
54,061
36,846
39,025
31,327
19,400
114,600
115,695
112,315
112,786
91,046
82,714
84,369
71,424
50,727
359,438
347, 529
330,065
358,190
303,071
256,734
226,824
151,670
90,224
127,492
126,979
126,987
112,896
94,569
66,867
57,319
48,022
32,638
627,039
602,495
524,643
480,570
364,455
255,866
213,261
156,468
87,632
37,334
105,884
143,561
114,695
123,231
112,022
258,917
177,342
215,342
738, 864
645,874
831,761
948,335
1,080,309
945,133
1,120,071
695,777
786,051
143,006
82,989
180,869
216,452
373,581
214,591
310,338
141,573
195,151
30,291
30,572
46,792
88,802
67,043
41,363
113,695
97,323
258,658
483,812
449,604
419,614
528,449
488,696
588,125
555,273
337,442
217,372
81,755
82,709
184,486
114,632
150,989
101,054
140,765
119,439
114,870
379,212
579,108
658,894
739,625
477,838
513, 058
559,378
517,513
391,639
4,062,591
3,586,542
3,522,637
2,884,543
2,599,576
2,392,298
2,461,984
1,933,867
1,756,558
16,949,154
16,039,390
15,061,650
14,572,365
13,264,768
11,966,537
11,659,281
9,261,098
7,186,455
4,323,711
4,211,305
3,744,260
3,682,522
3,480,964
2,272,268
2,448,259
1,881,032
1,661,304
2,315,566
2,324,810
2,242,082
2,359,733
2,127,078
2,058,277
2,124,143
1,817,168
1,785,310
7,897,816
7,146,456
6,758,201
6,477,173
5,839,225
6,112,345
5,567,781
4,268,928
2,550,893
2,412,061
2,356,819
2,317,107
2,052,937
1,817,501
1,523,647
1,519,098
1,293,970
1,188,948
15,367,159
14,221,541
13,204,441
11,934,554
9,318,859
7,413,956
6,698,249
4,637,113
3,418,718
9,746
8,505
7,654
6,369
5,543
4,963
5,389
4,312
4,444
5,735
6,175
5,556
5,785
5,145
4,271
4,966
4,766
4,954
209
267
193
280
181
205
226
175
224
801
905
800
816
823
632
912
1,033
1,371
3,083
3,261
2,585
2,907
2,444
2,090
2,436
2,276
2,191
1,642
1,742
1,978
1,782
1,697
1,344
1,392
1,282
1,168
39,049
38,438
35,223
31,961
25,246
21,406
19,764
16,290
14,353
3,083,051
2,964,723
2,761,341
2,390,766
2,125,028
1,911,644
2,192,596
1,616,005
1,486,572
8,502,316
8,265,643
7,937,267
9,235,769
7,971,916
7,685,868
8,462,731
5,863,422
5,552,564
1,998,720
1,654,634
1,410,786
1,668,753
1,656,742
1,257,904
1,448,273
854,624
922,150
1,467,645
1,314,464
1,582,063
2,263,220
1,701,953
1,530,402
2,129,717
1,578,787
2,216,763
3,695,423
3,803,239
3,228,031
3,705,489
3,222,945
3,765,560
3,668,660
2,395,858
1,364,728
1, 340, 528
1,493,306
1,716,387
1,598,307
1,390,276
1,132,002
1,216,081
1,034,153
1,048,923
24,066,658
25,047,786
23,369,892
22,857,897
16,472,036
13,869,087
12,360,392
8,676,131
6,367,029
2,939,554
2,833,394
2,641,189
2,269,568
2,035,845
1,841,232
2,058,055
1,551,567
1,419,790
8,095,143
7,899,413
7,549,354
8,899,353
7,696,893
7,392,221
8,132,298
5,632,078
5,343,423
1,930,931
1,582,362
1,338,620
1,590,406
1,582,831
1, 205, 675
1,390,564
817,929
889, 557
1,413,374
1,266,448
1,535,651
2,200,791
1,645,903
1,484,175
2,060,321
1,534,278
2,143,901
3,463,255
3,631,551
3,101,324
3,557,887
3,115,418
3,599,423
3,505,323
2,282,393
1,296,647
1,287,583
1,419,052
1,573,759
1,550,269
1,352,741
1,102,948
1,176,090
997,478
1,013,318
23,661,837
24,677,714
23,019,326
22,543,436
16,220,553
13,669,569
12,158,274
8,514,660
6,260,490
109,046
116,164
103,155
89,152
78,166
59,380
61,291
45,173
31,288
486,830
481,831
439,318
486,335
388,181
339,348
340,857
239,088
166,203
91,231
75,342
50,713
55,648
39, 570
31,320
32,842
26,154
15,625
75,768
70,836
82,439
95,313
73,886
59,783
66,991
54,195
47,842
228,672
241,148
203,579
247, 593
199,595
197,348
193,348
118,709
73,542
91,159
94,505
102,587
87,781
75,130
50,897
47,676
40,030
29,194
416,844
437,286
402,758
373,295
286,496
199,765
175,756
128,695
72,901
199,291
206,957
230,662
186,292
184,972
180,926
288,619
209,591
239,190
1,259,942
1,146,969
1,189,790
1,286,520
1,335,346
1,101,205
1,225,061
804,561
859,544
399,840
317,816
295,331
355,663
461,936
231,090
321,365
151,989
208,177
70,080
67,970
72,584
114,188
87,035
72,593
139,464
122,803
264,751
661,987
629,395
589,289
671,439
610,869
673,469
610,224
397,936
263,819
128,035
131,788
232,586
145,230
175,506
125,053
154,008
131,833
122,797
837,697
925,146
937,558
959,840
653,006
626,313
652,506
591,250
430,150
2,503,061
2,617,980
2,580,342
2,076,528
1,869,431
1,667,969
2,097,533
1,508,894
1,433,244
11,870,119
11,288,793
10,403,925
10,650,842
9,191,302
9,155,379
9,749,026
7,782,649
6,279,772
3,218,491
2,810,066
2,519,507
2,595,968
2,178,006
1,825,767
2,079,933
1,582,699
1,374,888
1,732,269
1,620,162
1,723,318
2,103,615
1,837,495
1,615,951
1,819,557
1,513,142
1,718,399
5,271,198
5,197,264
4,313,959
4,339,385
3,752,230
4,635,787
4,629,204
3,549,797
2,099,133
1,648,161
1,661,301
1,847,141
1,611,874
1,423,571
1,077,874
1,220,332
1,137,011
1,087,352
10,839,296
10,785,885
10, 431, XI
9,763,423
7,447,875
6,247,205
5,596,514
3,948,576
2,947,586
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
144
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
ACTIVE CORPORATION RETURNS
Table 41.— NUMBER OF RETURNS,
TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, AND TOTAL ASSETS, BY SELECTED
INDUSTRIES, FOR SELECTED YEARS— Continued
Industry and year
Returns with and without net income
Number
of
returns
Total
compiled
receipts
(Thailand
dollara)
Business
receipts
( Thouaand
dollara)
Deprecia-
tion
(Thouaand
dollara)
Net income
(less
(deficit)
(Thocjf ar.d
dollara)
Total
assets
Returns with net income
Total
compiled
receipts
(Thousand
dollara)
Business
receipts
f Thousand
dollara)
Deprecia-
tion
(Thouaand
dollara)
(Thouaand
dot lata)
Total
assets
MANUFACTURING
Total
1960-61
1959-60
1958-59
1957-58
1955-56 /
1953-54
1951-52
1949-50
1947-48
Beverage Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Food and Kindred Products
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Tobacco Manufactures
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Textile Mill Products
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Apparel and Other Finished Products
Male From Fabrics and Similar
Materials
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Lumber and Wood Products, Except
Furniture
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
165,862
156,297
150,696
138,566
129,828
121,086
120,196
117,270
112,184
3,147
2,941
3,394
2,948
3,062
2,716
3,066
3,367
3,223
14,825
15,530
14,204
11,761
11,343
10,978
11,000
11,319
1 ,842
168
204
186
173
154
196
190
197
238
5,888
5,706
5,750
5,293
5,699
5,842
6,031
6,033
6,059
16,758
16,287
15,627
13,114
14,383
14,608
14,753
14,598
13,982
8,445
7,963
7,508
6,835
6,322
5,789
6,138
5,799
(M
371,093,042
363,157,167
329,432,571
332,621,264
306,463,593
281,121,862
255,006,524
187,346,823
180,324,694
8,423,232
8,307,678
7,810,326
7,095,751
6,729,087
7,345,260
7,032,897
5,454,460
4,943,015
50,925,227
50,479,312
48,804,146
40,699,386
38,214,006
35,834,160
35,904,569
29,911,529
30,642,003
4,965,434
4,835,840
4,520,206
4,205,635
3,878,579
4,176,032
3,413,151
3,235,218
2,851,254
13,763,762
14,360,098
12,105,278
13,090,195
13,763,276
12,667,881
14,425,950
10,824,714
11,647,013
12,540,091
11,907,200
11,016,499
9,278,500
10,076,681
8,943,601
8,925,520
7,796,319
7,741,096
7,409,953
7,517,284
6,406,252
5,896,704
6,664,182
5,466,556
5,787,938
4,032,325
(')
364,611,950
356,972,649
324,134,678
327,539,023
301,720,289
277,225,220
251,227,171
184,478,915
177,776,973
8,315,555
8,215,474
7,724,635
7,028,706
6,665,206
7,291,541
6,982,544
5,394,429
4,887,945
50,506,739
50,112,468
48,495,654
40,426,513
37,973,759
35,623,379
35,674,168
29,696,831
30,409,163
4,948,121
4,817,872
4,511,796
4,198,088
3,869,487
4,161,371
3,395,312
3,113,763
2,835,826
13,592,873
14,196,673
11,948,729
12,947,194
13,617,817
12,539,967
14,264,571
10,690,599
11,497,720
12,461,774
11,843,834
10,948,888
9,223,524
10,021,521
8,893,950
8,873,951
7,748,994
7,689,697
7,117,448
7,193,236
6,144,104
5,645,569
6,342,734
5,251,347
5,534,919
3,893,330
(M
9,838,599
9,227,824
8,529,655
7,522,777
5,917,026
4,647,794
3,839,194
3,164,985
2,351,659
204,691
189,570
176,169
156,879
134,478
107,915
103,607
82,663
54,391
760, 365
741,033
685,462
530,963
480,807
390,743
350,398
292,126
216, 575
37,667
35,096
29, 368
25,759
20,063
15,332
13,045
11,452
8,329
319,190
307,802
302,769
315,658
280,113
235,665
205,621
170,231
120,886
79,496
79, 586
74,882
66,803
64,004
52,248
45,661
38,742
27,987
212,529
195,469
181,597
167,784
151,797
123,414
112,568
86,071
(')
22,144,790
24,985,884
18,500,494
22,738,048
26,010,453
21,421,346
24,861,835
14,246,866
16,651,967
477,808
500,155
426,817
378,553
406,623
401,079
449,861
433,134
456,246
1,707,644
1,744,403
1,620,226
1,372,786
1,483,146
1,262,216
1,172,268
1,073,726
1,399,167
566,624
547,234
514,781
427,778
382,368
340,425
295,904
258,933
192,623
614,595
700,944
412,117
464,336
582,801
514,642
988,676
669,465
1,533,681
262,956
263,102
183,534
166,027
210,512
151,709
157,886
151,374
439,130
184,977
427,573
300,284
194,775
512,346
303,291
533,672
267,449
(')
262,308,383
252,134,247
235,835,922
224,909,817
201,360,303
176,805,456
160,875,834
123,755,123
111,355,638
5,373,340
5,248,563
5,053,567
4,386,643
4,139,841
3,862,747
3,921,635
3,269,804
2,854,696
18,615,689
18,010,406
16,813,357
14,453,670
13,844,514
12,529,202
12,466,674
10,288,119
9,742,463
3,462,644
3,306,120
3,129,148
3,079,711
2,909,590
2,829,956
2,691,273
2,411,727
2,163,965
9,150,716
8,929,065
8,539,365
9,064,869
9,398,677
8,487,308
9,036,827
7,276,983
6,596,847
4,623,075
4,507,669
4,074,941
3,389,189
3,783,515
3,218,774
3,238,800
2,737,358
2,652,933
5,603,576
5,333,283
4,952,143
4,643,708
4,179,913
3,570,031
3,730,655
2,869,556
(M
103,567
102,799
95, 303
87,575
85,838
78,380
80,877
68,317
74,612
2,089
2,146
2,180
1,939
1,950
1,690
1,865
1,786
1,927
9,866
9,974
9,637
7,375
7,489
6,969
7,095
7,056
7,300
116
170
132
105
120
136
127
114
129
3,658
4,019
3,560
3,444
3,672
3,529
3,849
3,692
4,380
10,607
10,085
9,926
7,943
8,634
8,369
7,899
7,613
9,267
4,557
5,105
4,503
3,764
4,292
3,591
4,172
3,365
(')
328,898,102
330,069,833
292,839,015
300,243,704
288,244,880
263,970,665
241,530,606
167,534,041
171,416,746
7,642,218
7,525,815
6,944,080
6,107,748
6,079,297
6,993,509
6,535,431
4,957,037
4,475,420
45,128,406
43,152,926
42,326,640
34,484,403
35,204,192
32,891,749
32,401,394
23,644,861
29,005,471
4,932,345
4,821,823
4,495,130
4,175,956
3,851,087
4,158,688
3,391,809
3,200,423
2,793,495
12,163,719
13,304,312
10,339,686
11,059,963
11,808,545
10,568,204
12,843,493
9,459,263
11,196,975
10,623,828
10,218,635
8,889,397
7,483,088
8,506,302
7,198,030
6,986,671
6,123,972
7,089,046
5,271,540
6,516,517
5,323,576
4,419,001
6,106,857
4,708,185
5,219,216
3,362,450
(')
322,916,749
324,260,074
288,027,438
295,555,650
283,700,418
260,256,316
237,881,047
164,862,773
169,021,298
7,545,113
7,442,227
6,869,166
6,052,426
6,024,238
6,945,698
6,492,858
4,902,904
4,426,040
44,758,632
42,827,419
42,053,167
34,237,691
34,980,509
32,694,791
32,190,637
23,456,013
28,788,069
4,916,214
4,805,438
4,487,164
4,168,829
3,842,865
4,144,298
3,374,367
3,079,457
2,778,663
12,010,889
13,154,168
10,202,183
10,938,512
11,690,039
10,462,197
12,698,489
9,341,773
11,053,854
10,557,004
10,165,321
8,834,626
7,439,835
8,459,221
7,158,050
6,944,114
6,085,989
7,041,784
5,032,153
6,214,014
5,099,368
4,201,158
5,797,834
4,509,833
4,975,863
3,238,774
(')
8,811,076
8,452,765
7,502,409
6,784,957
5,534,666
4,325,753
3,619,895
2,832,020
2,199,264
179,701
167,265
146,589
130,509
117,143
95,692
87,567
66,877
45,464
666,876
644,928
604,956
462,704
439,270
353,005
310,020
243,742
193,152
37,213
34,648
29,059
25,489
19,745
15,138
12,824
11,034
7,733
280,335
281,216
251,400
265,726
230,567
193,349
175,660
144,463
113,078
64,377
65,682
57,774
52,045
51,467
40,717
33,911
27,994
23,542
151,173
168,597
146,951
126,756
136,038
102,633
98,398
64,971
(')
24,188,610
26,434,639
20,291,170
24,037,939
26,978,873
22,251,202
25,492,126
15,342,017
17,516,231
503,184
524,093
453,875
406,970
430,127
420,430
477,685
471,046
501,375
1,852,573
1,868,785
1,714,859
1,478,286
1,560,690
1,329,467
1,247,020
1,181,586
1,497,709
571,351
550,077
516,300
428,864
384,284
341,142
296,701
260,259
197, 701
700,529
756,464
512,024
573,381
699,366
644,382
1,071,665
756,803
1,574,837
339,190
333,562
268,128
231,907
271,495
220,442
234,699
239,516
477,571
297,944
483, 523
360,938
277,915
541,978
342,853
563,513
319,599
(M
235,006,313
232,485,533
210,258,338
204,638,286
190,226,195
167,185,127
153,745,548
113,433,957
104,937,189
4,904,974
4,714, 430
4,389,440
3,638,946
3,670,383
3,610,516
3,560,327
2,922,255
2,487,553
16,630,013
15,992,520
15,096,187
12,797,514
12,877,834
11,597,990
11,324,080
8,721,500
9,029,092
3,428,305
3,289,498
3,112,054
3,062,209
2,888,928
2,819,786
2,670,120
2,385,608
2,111,835
8,136,041
8,339,158
7,308,880
7,765,711
7,984,166
7,087,277
7,961,703
6,373,832
6,318,295
3,885,311
3,864,124
3,252,311
2,742,097
3,185,690
2,609,037
2,589,195
2,163,141
2,431,502
4,100,181
4,723,616
4,007,356
3,696,596
3,832,511
3,133,784
3,395,781
(')
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data.
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
145
ACTIVE CORPORATION RETURNS
Table 41.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, AND TOTAL ASSETS, BY SELECTED
INDUSTRIES, FOR SELECTED YEARS— Continued
Industry and year
MANUFACTURING— Continued
Furniture and Fixtures
1950-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Paper and Allied Products
1960-61 '
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Printing. Publishing, and Allied
Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Chemicals and Allied Products
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Petroleum Refining and Related
Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Rubber and Miscellaneous Plastics
Products
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Leather and Leather Products
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
Returns with and without net income
Number
of
returns
(1)
6,084
5,832
5,279
5,671
5,068
4,560
4,432
4,308
(!)
Total
compiled
receipts
(Thousand
JotJinJ
(2)
3,193
3,236
3,300
3,353
3,251
2,695
2,752
2,586
2,533
19,657
18,706
17,406
16,368
14,800
13,602
13,295
12,786
11,909
9,015
8,226
8,075
8,023
7,975
7,703
7,667
7,513
7,525
879
828
747
776
754
620
690
666
554
3,942
3,932
3,262
859
845
824
717
648
635
2,745
2,711
2,859
2,617
2,760
2,898
2,840
2,917
3,092
5,157,614
5,002,234
4,340,769
4,402,344
4,211,144
3,377,442
3,252,967
2,293,086
(>)
11,895,573
11,845,655
10,921,688
11,022,262
10,017,264
8,384,887
8,430,240
5,467,556
5,713,424
13,745,074
12,567,293
11,733,948
11,331,056
10,017,077
8,557,992
7,474,311
6,433,999
5,732,841
26,971,703
26,699,483
23,287,577
24,207,240
21,877,000
18,845,472
18,403,606
13,335,171
13,595,280
39,445,659
37,592,756
36,563,408
37,348,534
32,106,079
26,726,655
24,456,977
18,187,153
15,080,456
7,874,535
7,842,427
6,980,681
5,676,685
5,855,953
5,056,755
4,957,744
3,067,276
3,437,524
4,072,881
3,936,069
3,598,715
3,512,294
3,429,587
3,248,826
3,471,065
2,922,318
3,287,549
Business
receipts
(Thousand
dollara)
(3)
5,111,780
4,945,371
4,301,309
4,362,253
4,173,723
3,348,494
3,224,556
2,271,365
C1)
11,641,305
11,579,374
10,730,194
10,825,624
9,835,855
8,249,881
8,293,443
5,372,187
5,624,887
13,413,261
12,238,036
11,480,498
11,075,301
9,826,663
8,417,942
7,332,552
6,315,023
5,606,611
26,269,024
26,065,022
22,749,793
23,672,015
21,421,951
18,439,521
18,054,855
13,049,796
13,333,230
37,914,704
36,004,854
35,081,978
35,949,823
30,832,388
25,650,055
23,480,978
17,559,950
14,622,879
7,765,255
7,737,607
6,890,000
5,595,143
5,775,512
4,971,469
4,851,165
3,021,905
3,381,057
4,044,972
3,907,359
3,568,450
3,483,263
3,406,062
3,226,382
3,447,881
2,901,118
3,260,374
Deprecia-
tion
(Thailand
dollara)
(4)-
75,378
71,504
65,712
60,956
51,597
39,833
34,042
26, 371
t1)
466,048
427,241
392,594
340,993
248,411
185,443
156,218
125,712
87,950
290,349
259,188
240,929
212,775
171,649
133,752
113, 519
88,953
59,057
1,153,467
1,102,299
967, 547
847,971
659,058
504,993
397,064
323,620
219,287
1,379,655
1,328,949
1,241,423
1,127,034
920,143
711,007
599,813
522,958
400,968
214,028
202,975
195,286
138,168
105,263
79,320
64,726
57,959
46,832
42,698
38,451
37,909
35,198
29,092
25,465
23,699
21,064
16,814
Net income
(less
(deficit)
(Thousand
dollara)
(5)
151,288
207,155
151,068
207,708
248,012
161,980
210,647
127,400
(M
995,885
1,125,589
880,998
1,007,522
1,138,412
938,281
1,333,501
555,438
921,423
904,837
930,559
737,746
824,340
805,146
625,722
621,185
516,644
629, 588
3,193,377
3,463,737
2,589,433
2,907,504
3,004,143
2,329,757
2,920,468
1,654,524
1,791,282
1,666,924
1,682,868
1,354,341
1,597,849
2,052,952
1,906,438
2,324,399
1,138,293
1,303,167
413,376
534,523
421,982
398,776
453,885
406,493
549,424
152,726
233,312
115,996
146,278
112,814
130,892
150,439
107,980
108,627
87,713
213,993
Total
assets
(Thousand
dollara)
(6)
2,521,052
2,449,833
2,188,308
2,115,752
1,995,126
1,612,910
1,548,246
1,174,754
t1)
10,447,092
9,977,017
9, 699, 702
9,368,024
8, 129, 413
6,669,051
6,277,800
4,504,505
3,991,554
8,824,925
8,146,482
7,568,057
6,969,080
6,328,565
5,552,847
5,196,424
4,492,648
4,094,579
24,242,698
23,202,242
21,073,748
20,673,569
18,491,577
16,124,839
14,754,235
11,282,597
10,119,718
41,885,430
39,748,483
38,219,143
35,892,314
30,527,529
24,901,474
21,891,557
18,452,912
15,516,914
5,162,660
4,906,503
4,594,346
3,626,944
3,414,749
2,957,872
2,713,319
1,939,604
1,931,055
1,969,050
1,843,319
1,705,902
1,649,970
1,614,766
1,484,791
1,492,255
1,312,865
1,341,430
Returns with net income
Number
of
returns
(7)
3,499
3,777
3,119
3,345
3,371
2,764
2,995
2,581
(')
2,274
2,408
2,452
2,310
2,505
2,074
2,271
1,698
2,087
12,885
12,237
11,154
10,936
10,332
9,427
9,127
8,547
8,789
5,668
5,516
5,571
5,166
5,169
4,669
4,932
4,273
4,577
654
664
510
451
563
447
524
428
407
2,351
2,450
2,063
572
663
568
567
427
388
1,727
2,094
1,871
1,729
1,874
1,671
1,710
1,620
1,984
Total
compiled
receipts
(Thousand
dollara)
(8)
4,077,670
4,221,951
3,487,973
3,681,793
3,785,632
2,938,024
2,920,357
1,935,233
(l)
11,112,368
11, 219, 296
9,945,249
10,085,223
9,605,725
8,125,461
8,269,421
5,002,330
5,617,782
11,560,665
11,515,954
10,411,178
10,107,855
9,245,873
7,841,005
6,939,919
5,838,843
5,317,103
25,695,096
25,891,371
22,189,821
23,156,575
21,145,996
17,917,808
17,699,542
12,491,858
13,224,389
37,590,890
34,887,773
32,264,402
32,016,630
31,766,398
26,318,954
24,278,326
17,523,579
14,968,960
7,095,774
7,448,297
6,442,251
5,527,292
5,743,641
4,922,761
4,907,036
2,873,770
3,369,994
3,231,994
3,532,412
3,183,002
3,081,530
3,112,679
2,754,279
2,900,015
2,420,065
3,008,591
Business
receipts
(Thousand
dollar*)
4,039,531
4,175,112
3,457,477
3,649,083
3,752,136
2,913,781
2,895,325
1,917,451
t1)
10,866,704
10,964,758
9,767,856
9,897,751
9,427,316
7, 993, 723
8,134,331
4,911,836
5,530,542
11,279,148
11,202,381
10,192,226
9,867,138
9,070,975
7,718,267
6,807,487
5,735,599
5,206,374
25,006,666
25,267,589
21,666,447
22,633,538
20,697,905
17,523,798
17,356,635
12,219,411
12,968,259
36,097,982
33,348,294
30,878,129
30,733,736
30,498,701
25,248,178
23,305,836
16,901,518
14,512,953
6,992,796
7,348,667
6,366,993
5,447,633
5,663,822
4,838,243
4,800,754
2,829,964
3,314,120
3,209,108
3,507,217
3,160,762
3,059,535
3,091,645
Deprecia-
tion
(Thousand
dollar*)
(10)
55,304
60, 377
51,628
49,218
45,346
32,932
29,601
20,252
f1)
434, 577
399,334
350,751
313,391
238,231
178,606
152,241
115,069
85,746
251,747
232, 529
215,294
188,685
157,391
123,143
105,084
80,250
54,842
1,104,355
1,052,533
893,677
811,525
637,325
480,662
386,023
308,587
212,587
1,304,1
1,232,275
1,071,776
949,619
904,130
697,370
591,392
505,240
395,991
191,600
189,958
174,878
132,665
102,251
76,157
63,738
53,293
45,298
32,356
34,398
32,683
28,962
25,912
( Thousand
dollar*)
(ID
221,959
253,706
196,678
243,109
269,293
186,794
230,332
153,113
(M
1,030,340
1,154,590
938,117
1,047,066
1,164,185
957,030
1,344,338
583,745
928,005
988, 534
995,124
828,700
879,010
852,172
663,023
654,993
557,700
665,430
3,283,049
3,537,139
2,647,534
2,977,550
3,053,182'
2,386,653
2,953,169
1,715,658
1,832,298
1,689,330
1,740,340
1,450,156
1,657,694
2,067,024
1,914,038
2,327,353
1,169,222
1,309,630
473,386
571,730
458, 549
408,383
458,363
411,784
551,711
164,597
240,979
151,997
165,499
139,173
147,264
163,427
Total
assets
( Thousand
dollar*)
(12)
1,954,497
2,076,839
1,774,760
1,751,832
1,798,068
1,401,295
1,389,367
967,557
t1)
9,738,633
9,307,888
8,671,719
8,639,137
7,834,972
6,408,350
6,145,347
4,198,356
3,900,865
7,501,764
7,563,661
6,842,392
6,313,520
5,923,414
5,184,107
4,895,283
4,154,444
3,836,101
23,142,840
22, 609, 085
19,824,401
19,785,325
17,834,424
15,159,403
14,290,750
10,662,035
9,821,662
39,921,935
37,005,657
33,815,200
30,793,820
30,232,508
24,557,450
21,730,602
18,040,439
15,377,309
4,672,103
4,660,790
4,119,037
3,513,638
3,332,732
2,878,264
2,690,559
1,816,486
1,886,419
1,549,833
1,683,392
1,497,853
1,443,706
1,482,029
2,736,202
21,083
126,241
1,257,963
2,881,569
18,840
141,038
1,200,423
2,403,336
16,494
114,010
1,057,461
2,983,641
14,481
232,435
1,232,857
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitation of the Data. '
146
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
ACTIVE CORPORATION RETURNS
Table 41
■NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION
INDUSTRIES, FOR SELECTED YEARS— Continued
NET INCOME, AND TOTAL ASSETS, BY SELECTED
Industry and year
Returns with and without net income
Number
of
returns
Total
compiled
receipts
( Thousand
dollars)
Business
recepits
(Thousand
dol lata)
Deprecia-
tion
( Thousand
dollars)
Net income
(less
deficit)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
Returns with net income
Number
of
returns
Total
compiled
receipts
(Thousand
dollars)
Business
receipts
(Thousand
dollars)
Deprecia-
tion
(Thousand
iollsrs)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
MANUFACTURING— Continued
Stone Clay, and Glass Products
(1)
(2)
(4)
(5)
(6)
(8)
(10)
(11)
(12)
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^18.
Primary Metal Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54.
1951-52.
1949-50.
1947-48.
Fabricated Metal Products (Including)
Ordnance) , Except Machinery and
Transportation Equipment
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Ma.'i.in ._!",', Except. Electrical and
Tioi:.o:o: :■ v v : i. b- .irtnooo
['■.,< -„;..
1959-60. .
1958-59. .
1957-58. .
1955-56. .
1953-54.
1951-52.
1949-50.
L947-48.
Electrical Machinery, Equipment,
and Supplies
I 160-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Transportation Equipment, Except
Motor Vehicles
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^8.
Motor Vehicles and Motor Vehicle
Equipment
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
7,791
6,884
6,856
5,145
4,535
4,268
4,356
4,224
4,131
4,545
3,655
3,924
3,581
3,395
3,076
3,126
2,997
t1)
17,518
14, 690
14, 620
14, 231
12, 591
10,842
10, 619
9,658
I1)
17, 708
16, 275
14,884
14, 586
12, 701
11, 610
10,713
9,859
8,743
7,208
6,593
5,948
5,032
4,300
3,467
3,414
3,067
2,990
2,066
2,076
2,161
1,701
1,391
1,198
1,145
1,080
1,105
1,697
1,292
1,560
1,531
1,326
1,181
1,286
1,344
1,158
10, 576, u56
10, 763, 574
9,559,114
8, 388, 766
8, 015, 154
6, 525, 797
5, 774, 693
3,990,592
3, 652, 021
27,256,998
27, 52^, 119
24, 030, 371
27, 768, 687
26, 255, 810
23, 466, 635
22, 815, 840
14, 638, 385
P)
19,426,655
18, 963, 602
17, 525, 544
17,817,708
16, 116, 716
14, 906, 027
13, 076, 339
8,743,398
t1)
26, 567, 155
25,383,611
22, 337, 242
27,699,151
23, 235, 958
23, 598, 617
20, 696, 094
13, 636, 001
13, 167, 582
23, 327, 362
22, 763, 762
19, 973, 195
18, 710, 279
15, 585, 405
16, 906, 909
12, 372, 148
8, 204, 897
8,233,415
16, 991, 374
16,578,046
15, 625, 126
16, 093, 556
11, 75,3, 848
12,015,205
6, 007, 302
3,854,594
.! . .o'o<
26,698,514
24,644,023
19, 873, 276
25, 371, 736
27,312,223
24, 990, 197
19, 646, 498
14,947,052
11,470,573
10, 395, 731
10, 581, 391
9, 385, 461
8,245,601
7, 878, 596
6,443,924
5, 688, 849
3,926,591
3, 590, 518
26,924,751
27, 194, 223
23, 760, 317
27,494,906
25,984,839
23,281,942
22, 604, 313
14,472.587
f1)
19, 169, 146
18,712,082
17, 322, 613
17, 615, 643
15,936,161
14, 752, 290
12,907,400
8,634,631
(')
26, 053, 720
24, 938, 517
21,971,392
27, 294, 040
22,923,554
23, 284, 314
20, 451, 871
13,451,324
12, 995, 391
23,030,288
22, 500, 260
19, 771, 160
18, 507, 246
15, 397, 530
16, 724, 006
12,222,968
8,094,981
8, 120, 337
16, 876, 580
16,465,594
15,536,630
16, 009, 054
11, 667, 327
11,952, 129
5, 944, 374
3, 804, 203
', 164,71 .
26,196,912
24,273,354
19,560,159
25,081,918
26,964,197
24,753,283
19,425,735
14, 776, 173
11, 352, 331
460,458
421, 108
401, 707
299, 908
222, 027
168, 397
132, 732
104, 222
71, 511
1,069,634
945, 500
841, 643
715, 292
555,684
494, 591
400, 364
337,925
C1)
459, 350
415,895
392, 523
349,987
282,906
225, 655
181,466
L42.05I
859,852
820, 815
722, 654
700, 107
533, 463
402, 022
323, 152
256, 520
183, 762
477, 633
434, 782
420, 686
355, 980
266, 380
220, 826
169,449
134, 292
100,646
254, 868
215, 114
177, 396
147, 322
103, 782
80, 573
61,943
52, 208
40, 275
712, 839
693, 852
696, 921
654, 294
433, 864
300, 159
224,947
190, 242
148, 234
878, 953
1, 087, 510
830, 812
878,443
1, 168, 531
767, 707
831,422
502, 538
450, 791
1, 780, 801
2, 195, 115
1,639,437
2,505,429
2, 894, 899
2, 229, 875
2,960,994
1, 295, 107
(')
813, 194
1,082,427
937, 917
1, 113, 274
1, 184, 814
1, 105, 557
1,443,012
690, 938
t1)
1, 791, 708
2, 165, 130
1,535,036
2, 336, 820
2, 108, 637
2,143,802
2,659,415
1, 337, 511
1, 480, 928
1, 307, 653
1,708,978
1, 276, 625
1, 419, 712
1, 189, 940
1, 574, 290
1,501,861
696, 568
781, 362
341, 178
477, 474
717, 366
964, 206
878, 130
782, 167
435,414
194, 729
2 1,778
3, 086, 522
2, 981, 808
1,085,344
2, 639, 353
4, 307, 626
2, 676, 642
2,555,458
2, 038, 598
1,241,973
8,937,254
8, 713, 029
8, 200, 757
7, 188, 242
6, 103, 159
5, 090, 452
4, 256, 092
3,215,565
2, 814, 043
26, 762, 677
26, 282, 013
25, 129, 275
23, 090, 778
20, 544, 595
17,934,185
15,922,790
11, 676, 054
(')
12, 226, 885
11, 772, 597
11, 123, 092
10, 794, 813
9, 185, 143
8,419,820
7, 759, 356
5, 626, 225
(»)
21,088,457
20,137,931
18, 555, 371
20,286,943
17, 399, 673
16,099,443
14,410,029
10,384,954
9, 378, 394
15, 080, 648
14, 300, 144
12, 858, 170
11, 503, 416
9, 949, 407
10, 391, 388
8, 302, 911
5,832,760
5,559, il8
9,571,813
9, 694, 529
8, 804, 951
8, 720, 842
6, 810, 262
6,444,460
4, 728, 562
2,839,977
2, 856, 985
17,566,976
16, 561, 217
15, 027, 587
15,704,287
15,525,648
12, 611, 528
11, 023, 261
8, 031, 216
6, 528, 176
4,971
4,631
4,559
3,388
3,222
2,944
3,132
2,750
2,769
2,761
2,558
2,305
2,381
2,602
2,282
2,583
1,773
I1)
10, 742
10, 179
9,489
9,420
8,693
7,840
8,258
5,821
0-)
11,355
10, 827
8,490
9,079
8,253
8,157
8,359
5,607
5,893
4,349
4,236
3,784
3,158
2,706
2,398
2,373
1,656
1,716
1,106
1,154
1,143
1,117
814
733
760
526
552
1,133
942
1,082
1,022
920
783
932
693
820
9, 309, 285
9,999,181
8, 755, 290
7, 883, 849
7, 729, 232
6,249,443
5, 583, 388
3,758,426
3, 522, 149
24, 522, 789
26,426,033
21,990,270
26, 867, 657
25, 427, 598
23, 038, 541
22, 676, 769
13, 740, 551
(M
15,854,223
16, 768, 103
15, 062, 102
15,949,775
14, 896, 106
13, 773, 634
12, 655, 627
7, 815, 879
(')
23, 320, 361
22, 842, 644
19,153,924
25, 114, 196
21, 615, 912
22, 339, 320
20, 213, 049
12,516,574
12, 406, 988
20, 838, 631
21, 624, 487
18, 718, 265
17, 654, 205
14,758,462
16, 442, 377
12, 007, 404
7, 689, 844
7, 690, 761
11, 306, 956
13,759,546
14,916,049
15, 804, 705
11, 396, 715
11, 611, 552
5,841,433
3, 368, 648
2, 236, 531
25, 879, 400
21,941,013
17, 008, 711
24,158,424
26, 224, 744
23,942,472
19,195,325
14,406,603
11, 214, 901
9, 149, 301
9,831,293
8, 597, 123
7, 745, 859
7, 596, 768
6, 170, 053
5, 499, 750
3,697,113
3,462,313
24, 213, 181
26, 109, 587
21, 739, 350
26, 605, 266
25, 162, 053
22, 857, 076
22, 466, 308
13, 581, 188
(')
15, 638, 548
16, 541, 485
14, 889, 938
15, 768, 636
14,729,210
13, 629, 418
12, 491, 856
7,717,616
I1)
22, 859, 214
22,440,030
18,831,212
24, 744, 140
21, 325, 484
22,042,449
19, 975, 670
12, 350, 078
12, 246, 240
20, 568, 302
21, 374, 026
18, 529, 961
17, 464, 175
14, 584, 678
16, 264, 923
11, 863, 933
7, 587, 279
7, 602, 513
11, 223, 936
13, 671, 385
14, 834, 134
15,723,!
11,314,954
11,551,634
5, 780, 020
3, 326, 749
2,199,984
25, 392, 727
21, 591, 368
16, 726, 782
23, 880, 598
25,885,928
23,720,964
18,982,451
14, 243, 600
11,098,945
406, 512
391, 236
364, 239
279, 957
211, 835
159,955
126, 051
96,480
66,961
948, 357
907, 016
761,453
690, 461
538, 527
484, 793
397, 571
318, 724
(')
374,971
367,728
327, 296
303, 322
252, 359
201,771
172, 023
117, 852
t1)
764, 385
736, 862
610, 526
632,036
487,068
377, 811
312, 222
223,431
165, 027
417,924
412,593
392, 692
334, 199
249, 315
214,067
163,644
122, 605
91, 575
173,029
183,516
163, 742
141, 349
96, 716
76, 658
57, 350
45,681
29, 486
693, 322
613, 918
605, 716
630, 845
416, 169
266, 143
212,148
169, 392
143, 865
948, 267
1, 130, 692
887, 797
918, 039
1, 183, 867
785, 182
843, 393
520, 957
465, 914
1,908,659
2, 253, 777
1, 780, 720
2, 563, 368
2,941,893
2, 253, 275
2, 968, 590
1, 344, 828
t1)
995, 692
1,228,974
1, 082, 856
1,219,681
1, 258, 750
1, 158, 150
1, 471, 117
778,510
(l) '
2, 086, 160
2,350,171
1,762,417
2,482,622
2, 234, 421
2, 214, 132
2, 696, 837
1, 434, 196
1, 564, 177
1,499,158
1, 795, 008
1, 387, 062
1, 485, 571
1,253,611
1, 607, 139
1,535,493
744, 086
837,797
542, 049
640, 655
781, 867
986, 526
898, 291
805,416
454,423
231, 747
176, 254
3, 108, 891
3, 004, 252
1, 243, 907
2, 707, 629
4, 364, 281
2, 727, 315
2, 578, 235
2, 112, 098
1,256,840
7, 933, 473
8, 175, 928
7, 485, 133
6, 795, 325
5, 890, 294
4, 909, 653
4, 129, 700
3, 015, 296
2, 689, 548
24,061,461
25, 212, 061
22, 864, 862
22, 382, 824
19, 817, 365
17, 602, 833
15, 830, 398
11,044,445
I1)
9, 981, 774
10,450,047
9, 419, 845
9, 650, 339
8,487,928
7, 766, 150
7,475,508
4, 943, 358
(l)
18, 129, 283
18, 043, 696
15,651,032
18, 298, 770
16,060,021
15,168,966
14, 005, 231
9, 429, 088
8, 712, 965
13, 331, 893
13, 578, 145
12, 078, 045
10, 861, 389
9,426,452
10,152,017
8,085,661
5, 497, 819
4, 934, 726
6, 658, 526
7, 822, 040
■'. 169,389
8, 540, 954
6, 375, 387
6, 184, 253
4, 536, 339
2, 528, 325
1, 854, 171
17, 076, 143
15, 178, 998
13, 157, 769
14, 847, 214
14,924,445
12,200,448
10,733,886
7,627,137
6,371,014
Footnotes at end of table. See text for explanatory statements and "Description of the Sample and Limitations of the Data. '
U. S. BUSINESS TAX RETURNS, HISTORICAL DATA
147
ACTIVE CORPORATION RETURNS
Table 41. —NUMBER OF RETURNS.
TOTAL COMPILED RECEIPTS, BUSINESS RECEIPTS, DEPRECIATION, NET INCOME, AND TOTAL ASSETS, BY SELECTED
INDUSTRIES, FOR SELECTED YEARS— Continued
Industry and year
Returns with and without net income
Total
compiled
receipts
(Thousand
dollars)
Business
receipts
(Thousand
dollars)
Deprecia-
tion
(Thousand
dollars)
Net income
(less
deficit)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
Returns with net income
Number
of
returns
Total
compiled
receipts
( Thousand
dollars)
Business
receipts
(Thousand
dollars)
Deprecia-
tion
( Thousand
dollars)
(Thousand
dollars)
Total
assets
(Thousand
dollars)
MANUFACTURING— Continued
Professional, Scientific, and Con-
trolling Instruments; jhotographic
and Optical Goods; Watches and
Clocks
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
19*9-50
1947^48
Other Manufacturing Industries
1960-61
1959-60
1958-59
1957-58
1955-56
1953-54
1951-52
1949-50
1947-48
TRANSPORTATION, COMUNICATI0N,
ELECTRIC, GAS, AND SANITARY SERVICES
Total
(1)
(2)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
1960-61...
1959-60. . .
1958-59...
1957-58...
1955-56...
1953-54.
1951-52.
1949-50.
1947-48.
Transportation
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Communication
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947-48.
Electric and Gas Companies and
Systems
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^48.
Water Supply and Other Sanitary
Services
1960-61.
1959-60.
1958-59.
1957-58.
1955-56.
1953-54.
1951-52.
1949-50.
1947^48.
2,823
2,730
2,531
2,583
2,215
1,965
2,022
1,791
t1)
9,760
10,000
10,615
12, 385
10,958
10,448
9,945
10,513
33,465
43, 852
43, 195
37,920
37, 763
33,017
29,937
26, 828
25, 908
23,729
33, 941
32, 454
27,952
28, 136
23, 856
21, 577
19, 354
18, 580
16, 880
5,431
5,894
5,966
5,688
5,129
4,800
4,250
4,181
3,952
1,299
1,112
1,065
1,084
1,165
1,266
1,226
1,244
1,255
3,631
3,735
2,937
2,855
2,867
2,294
1,998
1,903
1,642
6,388,901
6, 293, 363
5,439,552
5, 341, 143
4, 408, 005
4,077,956
3,082,485
1,857,513
(M
6, 668, 889
7,351,738
6, 979, 658
7, 663, 652
6,940,559
6, 003, 000
5, 598, 190
4, 513, 267
36, 101, 848
65,921,988
62, 308, 546
55,965,004
56,075,459
48,219,480
40,810,130
36, 221, 314
28, 723, 748
26, 796, 554
30, 581, 094
29, 992, 244
27, 004, 360
28,512,425
25, 292, 445
23, 813, 794
22, 106, 240
17, 807, 836
17,402,398
15, 388, 999
14, 025, 643
12,493,037
12, 152, 520
9, 907, 783
6, 354, 013
5,207,982
3,751,984
3, 360, 356
19,521,181
17, 825, 023
16,097,344
15,031,831
12,701,907
10, 365, 198
8, 668, 430
6,970,851
5, 872, 136
430, 714
465, 636
371, 263
378, 683
317, 345
277, 125
238,662
193, 077
161, 664
6, 296, 329
6, 200, 826
5, 359, 733
5, 270, 345
4, 345, 348
4,031,289
3, 041, 218
1, 828, 585
C1)
6, 565, 682
7, 249, 222
6, 891, 185
7, 587, 254
6, 860, 059
5,936,744
5, 529, 548
4,460,550
35, 604, 293
64,132,467
60, 609, 006
54, 503, 312
54, 443, 332
46,884,055
39, 588, 816
35, 112, 198
27, 801, 630
25, 701, 682
29, 279, 355
28, 743, 486
25, 970, 067
27, 343, 267
24,298,704
22,947,184
21, 325, 530
17, 164, 320
16,716,712
15, 164, 268
13, 822, 664
12,280,944
11,932,992
9,774,524
6, 161, 754
5,057,585
3, 717, 462
3,155,223
19, 274, 231
17,602,025
15,900,693
14,821,441
12,519,468
10, 213, 119
8, 507, 178
6,734,368
5,673,475
414, 613
440, 831
351, 608
345, 632
291, 359
266, 759
221,905
185, 480
156, 272
175, 292
160, 584
146, 349
127, 701
85, 203
62, 531
51,006
33,853
f1)
133, 112
141, Oil
138, 129
145, 245
117, 242
87,910
74, 154
65, 751
548, 155
5, 246, 373
4, 808, 187
4, 315, 077
3, 906, 815
3, 206, 269
2, 576, 673
2, 233, 027
1, 817, 156
1,434,900
1, 942, 259
1, 808, 084
1,624,920
1,489,154
1, 295, 595
1, 120, 126
1, 013, 824
842,883
648,184
1, 084, 070
985, 371
889, 252
820, 962
661, 862
512, 235
433, 158
351, 106
283, 062
2, 170, 565
1,968,327
1,760,853
1, 559, 929
1, 216, 801
919,448
764, 676
605, 560
489, 436
49,479
46, 405
40,052
36, 770
32,011
24,864
21, 369
17, 607
14, 218
594, 490
641, 177
475, 165
476, 651
482, 662
408, 313
405, 472
169, 125
I1)
294,004
372, 145
296, 651
325, 314
364,429
282,980
402, 269
234,933
3,585,079
6, 592, 116
6, 790, 796
5. 722. 321
5. 757. 322
5, 775, 740
5, 037, 116
4,685,941
2,873,761
2, 716, 107
843, 057
1, 224, 868
960, 385
1,300,446
1, 655, 071
1, 740, 660
2, 008, 272
1, 170, 119
1,189,413
2, 826, 948
2,685,464
2, 282, 723
1, 968, 648
1,683,401
1, 189, 125
890, 573
354, 672
410, 559
2, 854, 035
2, 812, 153
2,432,923
2,423,186
2, 385, 028
2, 062, 562
1, 744, 632
1, 320, 164
1,089,940
68,076
68, 311
46, 290
65,042
52, 240
44,769
42,464
28, 806
26, 195
4, 863, 060
4, 545, 251
4,077,792
3,904,474
3, 159, 448
2, 747, 857
2, 287, 383
1,448,862
i1)
4, 328, 666
4,518,551
4,447,200
4, 402, 579
3, 925, 193
3, 264, 521
3, 225, 750
2, 686, 078
23, 212, 568
144,774,460
137, 319, 136
128, 677, 809
121,315,999
106, 377, 909
95, 220, 365
84, 707, 332
71, 620, 000
68, 036, 897
48, 588, 879
47,448,474
45,678,452
45, 263, 851
43,452,852
41,894,085
39, 964, 806
36, 131, 605
34,905,137
30, 868, 862
28, 533, 965
25,985,311
23, 767, 159
18, 651, 807
15, 652, 093
12,734,983
8, 604, 075
11,083,917
63, 228, 843
59, 357, 594
55, 293, 380
50,592,060
42,756,063
36,365,807
30,903,290
25,828,806
21, 302, 766
2, 087, 876
1,979,103
1, 720, 666
1, 692, 929
1, 517, 187
1,308,380
1, 104, 253
1, 055, 514
745, 077
1,598
1,765
1,798
1,617
1,351
1,295
1,388
1,008
t1)
5,601
5,862
5,975
7,314
6,643
6,044
5,959
5,283
21, 627
26, 331
26, 832
24, 165
22,989
20, 982
18, 688
17, 189
14, 810
14, 857
19, 855
20, 332
17, 681
17, 111
15, 268
13, 392
12, 237
10, 274
10, 673
3,579
3,692
3,908
3,564
3,256
2,964
2,752
2,413
2,118
986
849
786
838
929
1,000
966
968
985
1,911
1,959
1,790
1,476
1,529
1,332
1,234
1,155
1,081
5, 999, 376
6,063,807
5, 079, 896
5, 015, 928
4,210,989
3,944,134
2,986,380
1, 727, 660
5,740,568
6,387,937
5, 912, 123
6,407,908
6, 022, 898
5,292,535
5, 078, 601
3, 676, 172
34, 278, 190
56,958,988
53, 904, 887
47, 457, 477
48, 363, 012
44,547,463
37, 791, 542
34, 516, 766
26, 199, 477
23,054,434
22, 140, 555
22, 113, 651
19, 292, 073
21,428,000
21, 854, 760
21, 026, 021
20, 555, 406
15,714,956
14, 599, 521
15, 211, 047
13, 843, 736
12, 311, 236
11, 964, 778
9, 769, 385
6, 256, 352
5, 133, 917
3, 424, 906
2,734,834
19,214,739
17,531,872
15,513,868
14, 619, 631
12, 642, 886
10, 274, 173
8, 604, 059
6, 897, 649
5, 587, 267
392, 647
415, 628
340, 300
350, 603
280,432
234,996
223, 384
161, 966
132, 812
5,910,495
5,975,632
5, 007, 258
4,951,687
4, 150, 823
3,898,958
2, 946, 134
1, 700, 128
('5
5, 649, 105
6, 302, 663
5,836,116
6, 344, 616
5,953,314
5, 233, 782
5, 016, 660
3,634,997
33, 807, 004
55, 549, 108
52, 553, 600
46, 277, 220
47, 044, 395
43, 320, 195
36, 644, 083
33,464,298
25, 359, 623
22, 089, 351
21, 170, 429
21, 200, 213
18, 526, 848
20, 565, 301
20, 956, 854
20, 228, 802
19, 820, 588
15,143,951
14, 021, 692
14, 988, 962
13, 643, 251
12, 102, 530
11, 747, 793
9, 637, 899
6, 066, 704
4, 984, 684
3, 397, 870
2, 535, 834
19, 012, 406
17, 316, 829
15, 322, 519
14,412,481
12, 461, 684
10, 123, 000
8,450,226
6, 662, 624
5,403,814
377,311
393, 307
325, 323
318, 820
263, 758
225, 577
208, 800
155, 178
128, Oil
166, 227
155,325
137,090
119, 584
81, 240
60, 318
48,956
30, 865
C1}
111, 935
120,831
112, 239
115,910
96, 621
73, 750
64,631
48,724
510, 436
4, 643, 258
4, 230, 474
3, 720, 893
3, 431, 116
2,972,890
2,380,493
2,120,965
1, 646, 161
1,211,125
1, 401, 539
1, 296, 037
1, 137, 034
1,096,498
1,086,470
945,458
914,475
703,068
496, 370
1, 064, 279
966, 108
870, 725
799, 767
649, 554
504,431
427, 774
329, 130
236, 593
2, 134, 328
1,928,327
1, 677, 593
1, 502, 016
1, 210, 216
910, 591
759, 299
599,422
466, 523
43, 112
40,002
35, 541
32, 835
26, 650
20, 013
19, 417
14, 541
11,639
638, 226
666, 156
507, 864
511, 937
498, 052
417, 931
412, 574
186, 778
C1)
358, 142
430, 322
371, 649
405, 167
430, 121
338, 383
437, 247
301,963
3, 775, 279
7, 530, 399
7, 184, 523
6, 110, 291
6, 046, 508
5,955,490
5, 191, 336
4, 785, 134
3, 024, 043
3, 013, 672
1, 347, 179
1, 566, 874
1,259,430
1, 534, 779
1, 805, 346
1, 870, 291
2, 091, 739
1, 296, 100
1, 445, 721
2,936,484
2,711,739
2, 310, 997
2, 007, 452
1,702,600
1, 203, 838
898,921
372, 006
429, 517
3, 172, 662
2,831,906
2, 484, 815
2, 435, 576
2, 388, 830
2, 069, 716
1, 749, 717
1, 324, 234
1, 110, 079
74, 074
74,004
55,049
68, 701
58, 714
47, 491
44,757
31, 703
28, 355
4, 599, 731
4, 387, 545
3, 815, 247
3, 641, 589
3, 017, 550
2, 657, 966
2, 211, 950
1,345,433
(M
3, 667, 599
3, 806, 415
3, 705, 426
3, 675, 831
3, 349, 094
2, 837, 619
2, 893, 338
2,134,465
21,941,275
127, 803, 968
119, 836, 897
111,407,984
107, 044, 545
99, 680, 745
90, 191, 787
82,029,407
67, 036, 244
59, 438, 770
34, 371, 645
31, 860, 804
31, 327, 722
33, 128, 238
37, 352, 914
37, 648, 015
37, 757, 882
32,498,708
28, 583, 148
30,489,465
28, 199, 458
25, 601, 019
23, 477, 841
18,453,013
15, 498, 139
12, 656, 456
8,128,462
9, 950, 709
61, 046, 939
57,967,470
52, 870, 305
48, 864, 194
42, 532, 345
35, 893, 574
30, 565, 681
25,486,276
20, 297, 595
1,895,919
1, 809, 165
1,608,938
1,574,272
1,342,473
1, 152, 059
1, 049, 388
922, 798
607, 318
1Included in "Other manufacturing. " 2Deficit. H
NOTE: See text for explanatory statements and "Description of the Sample and Limitations of the Data.
Source Boole of
Statistics of Income,
for Corporation Income Tax Returns,
1926-27 through 1951-52 and
1953-54 through 1960-61
SOURCE BOOK OF STATISTICS OF INCOME FOR CORPORATION INCOME
TAX RETURNS
Page
Description and use 151
Source Book sheet reproduction 153
150
SOURCE BOOK OF STATISTICS OF INCOME
FOR CORPORATION INCOME TAX RETURNS
Unpublished worksheets showing information by
more detailed classifications than those published
in Statistics of Income are gathered annually into
the Source Book of Statistics of Income. On these
worksheets, from which some of the tables in the
published report were derived, types of assets,
liabilities, receipts, deductions, net income, in-
come tax liability, and distributions to stockholders
are cross-classified by more than 200 industrial
groups and by size of total assets.
The use of the Source Book, for research purposes,
may be requested by writing to the Director, Statis-
tics Division, Internal Revenue Service, Washington
25, D. C. After securing permission, the user or
his representative may copy the data at the National
Office of the Internal Revenue Service in Washington,
D. C. Occasionally, however, analysts who need an
unusually large volume of data may arrange to bor-
row, for a short time, microfilm of the Source Book.
A request to use Source Book microfilm should spec-
ify the desired items, industrial groups, total
asset size classes, and years.
Income statement and balance sheet data
A sample sheet from the 1960-61 Source Book is
reproduced in this section. This sheet, for the
industrial group, "Services: Advertising," shows 79
items classified by 13 asset-size classes including
a separate category for returns with zero assets.
There are similar sheets for each of the 270 indus-
trial groups and subgroups shown in table 1 of
Statistics of Income , Corporation Income Tax Returns.
For a list of these industry groups and subgroups
see table 1, Statistics of Income — 1959-60 , Corpora-
tion Income Tax Returns and table 29 of this report.
Sets of Source Book sheets provide statistics for
the total active corporation returns for an industry
and separately for corporation returns with net in-
come for the same industry. Prior to 1955-56, there
were separate sheets for returns with net income
and for returns without net income, but no summary
sheets for the total for an industry.
Source Book information is available for each
time period beginning with 1926-27, except for
1952-53. Each period covers returns with accounting
periods ended July of one year, through June of the
following year. For a description of the items and
classifications available for 1926-27 through 1956-
57, see Statistics of Income— 1956-57 , Corporation
Income Tax Returns, pages 134-142. The information
in the Source Book has increased over the years but
since 1948-49, when the second general revision of
the Standard Industrial Classification was adopted,
relatively few changes have occurred. These are
listed below, and with these exceptions, statistics
for any items shown in the 1960-61 Source Book can
be obtained back through 1948-49. However, the
present size classification system dates back only
to 1954-55. Before that time, there were fewer
size of total assets classifications.
General revisions of the industrial groups were
made for 1958-59,1948-49, and 1938-39. Supplemental
tables showing these revisions are available in the
published reports for 1958-59 and 1938-39. Also,
changes in the industrial classification of certain
groups were made in 1953-54, 1949-50, and 1960-61:
1. Mutual savings banks, and
2. Savings and loan, building and loan associations became
subgroups in 1953-54 when they were made taxable by the
Revenue Act of 19 51 .
3. Jewelry stores became a separate retail trade subgroup
in 19 48-49. They had formerly been included in Other
retail stores.
4. Small Business Investment Companies, 19 58 Act became a
separate finance subgroup in 19 60-61. For 19 59-60 they
were included in Other Holding and Investment Companies.
The following items were first shown separately
for the indicated time periods:
Item Period
Loans to and loans from stockholders 1960-61
Income subject to tax 19 59-60
Statutory special deduction (including Net Operat-
ing loss deduction) 19 59-60
Other current assets (Including Prepaid expenses
and supplies ) 19 59-60
Other current liabilities (Including Accrued ex-
penses ) 19 59-60
Business receipts (gross sales plus receipts from
operations ) 19 58-59
Cost of sales and operations (cost of goods sold
plus cost of operations) 1958-59
Mortgage and real estate loans 19 57-58
Deposits and withdrawable shares 19 57-58
Inventories, last- in, first-out 195 5-56
Inventories, other than last-in, first-out 1955-56
Paid-in or capital surplus 1955-56
Earned surplus and undivided profits 19 55-56
Investments, Government obligations; States, Terri-
tories, and United States possessions 1954-55
Investments, Government obligations: United States
obligations 19 54-55
Depreciable assets (and accumulated depreciation
and amortization) 19 54-55
Depletable assets (and accumulated depletion) 19 54-55
Intangible assets (net amount) 1954-55
Intangible assets (and accumulated amortization).. 1955-56
Amounts contributed under other employee benefit
plans 19 52-53
Excess prof Its tax and related data .. 1950- 51 through 1954-55
Before the periods specified above, only totals
were available for Inventories, Surplus, Government
obligations, and Capital assets. Mortgage and real
151
152
SOURCE BOOK OF STATISTICS OF INCOME
estate loans of banks were included in Notes and
accounts receivable; those of other industries were
included in Other investments. Prepaid expenses
and supplies and Accrued expenses, included in Other
current assets and Other current liabilities, re-
spectively, beginning with 1959-60, were shown
separately from 1954-55 through 1958-59. Previ-
ously, they had been included in Other assets and
Other liabilities, respectively. Also, Other current
assets and Other current liabilities, now beginning
with 1959-60, were for the most part included in
Other assets and Other liabilities, respectively,
in other years. Before 1958-59, gross sales and
receipts from operations and the two related cost
totals were shown separately. Also, the Net oper-
ating loss deduction, part of Statutory special
deductions for 1959-60, and 1960-61 was formerly
shown separately.
The Source Book contains information in addition
to the income statement and balance sheet amounts.
For example, the 1958-59 Source Book has frequency
estimates for the amounts regularly shown in the
Source Book. Various statistics classified by In-
ternal Revenue districts and regions are prepared
annually and are a part of the Source Book. Clas-
sification by geographic area, however, indicates
where the tax returns were filed and does not
necessarily indicate the place of origin of the
income and tax. The 1957-58 Source Book contains
unpublished data on methods used by corporations to
compute tax depreciation. This information is dis-
tributed by industrial groups and by size of total
assets. More limited information on depreciation
methods is available for 1954-55 through 1956-57
and for 1958-59.
New depreciation data
The 1959-60 Source Book contains more comprehen-
sive depreciation information than has been here-
tofore available. This information is provided in
tables showing the cost of property that was subject
to depreciation in 1959-60, the depreciation claimed
in 1959-60, and the accumulated depreciation claimed
in prior years. These estimates are presented in
distributions by asset type, depreciation method,
useful life class, period of acquisition, size of
corporation ( as indicated by total assets) and major
industrial group. Also shown is the average life
of property for each classification of property.
The depreciation estimates for 1959-60 were based
on depreciation schedule data from 55,000 of the
163,000 corporation returns included in the regular
Statistics of Income sample. Fewer returns were
used to arrive at the depreciation estimates for
two main reasons. First, in order to keep the
processing workload of these detailed data within
manageable proportions while retaining the basic
validity of the information, a random subsample at
one-half the normal rate was instituted for returns
in sample classes B and H (described on page 12) and
life (Form 1120L) and mutual (Form 1120M) insurance
companies were not covered. Secondly, not all re-
turns included in this modified sample contained
depreciation schedules sufficiently complete to be
usable in the tabulations. As a rule, those return
schedules which did not contain detailed information
supporting ninety percent or more of the deprecia-
tion deduction were excluded from the study. How-
ever, a field followup procedure was devised to
obtain supplemental data for corporation returns
with total assets of $50,000,000 or more.
The statistics in this study are subject to the
same limitations described in the Description of
Sample and Limitations of Data section of this
report, and also to certain other limitations. The
estimates are subject to a higher relative sampling
variability than that associated with the estimates
published in this report because they were based on
fewer sample returns. In addition, since not all
the returns in the regular sample yielded usable
data and because the resulting areas of nonresponse
did not represent a random distribution, a possible
bias is inherent in the estimates. Also, although
the depreciation schedule in the tax return called
for seven specific entries, in practice corporations
reported their depreciable assets and depreciation
deduction in various ways. It was not felt that
the variations in reporting methods caused signifi-
cant distortions in the statistics presented.
Based on the returns in the sample for which com-
plete information on depreciation practices was
available, the number of returns represented in the
study was 557, 000, which was 52 percent of the total
number filed, and the amount of depreciation covered
was $12,000,000,000, which was 59 percent of the
total amount claimed. The depreciable assets shown
in the balance sheets of 557,000 returns totaled
$281,000,000,000, or 71 percent of the amount shown
in the balance sheet statistics for 1959-60.
SOURCE BOOK OF STATISTICS OF INCOME
153
ACTIVE CORPORATION RETURNS. 1960-61
SOURCE BOOK OF STATISTICS OF INCOME
RETURNS WITH AND WITHOUT NET INCOME
Services: Business services:
731 ADVERTISING
BALANCE SHEET AND INCOME STATEMENT ITEMS. BY INDUSTRIAL GROUPS AND By SIZE OF TOTAL ASSETS j/
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS)
SIZE OF TOTAL ASSETS
OVER ZERO 50 100 500 1.000 Z.500 5.000
TOTAL ZERO UNDER UNDER UNDER UNDER UNDER UNDER UNDER
ASSETS 50 100 500 1.000 2.500 5.000 10.000
10.000
UNDER
25.000
MINOR INDUSTRY - 731
25.000 50.000 100.000
UNDER UNDER UNDER 250.000
50.000 100.000 250.000 OR MORE
1 NUMBER OF RETURNS (TOTAL) ....
2 FORMS 1120-S
3 TOTAL ASSETS
4 CASH
5 NOTES AND ACCOUNTS RECEIVABLE .
6 LESS I RESERVE FOR BAD DEBTS .
7 INVENTORIES. TOTAL
8 LAST-IN. FIRST-OUT
9 OTHER THAN LAST-IN. FIRST-OUT
10 NOT STATED
INVESTMENTS. GOVT. OBLIGATIONS!
11 STATES AND POSSESSIONS. . . .
12 UNITED STATES OBLIGATIONS . .
13 NOT STATED
14 OTH CURR. ASSETS INCL. S-T INV.
15 LOANS TO STOCKHOLDERS
16 MORTGAGE AND REAL ESTATE LOANS.
17 OTHER INVESTMENTS
18 DEPRECIABLE ASSETS
19 LESS. ACCUM. AMORT. & DEPR. .
20 DEPLETABLE ASSETS
21 LESS1 ACCUMULATED DEPLETION .
22 LAND
23 INTANGIBLE ASSETS
24 LESS1 ACCUM, AMORTIZATION . .
25 OTHER ASSETS
26 TOTAL LIABILITIES
27 ACCOUNTS PAYABLE
28 DEPOSITS « WITHDRAWABLE SHARES.
29 BONDS. NOTES. MTGS. UNDER 1 YR.
30 OTHER CURRENT LIABILITIES . . .
31 LOANS FROM STOCKHOLDERS ....
32 BONDS. NOTES. MTGS. OVER 1 YR .
33 OTHER LIABILITIES
34 CAPITAL STOCK. PREFERRED. . . .
35 CAPITAL STOCK. COMMON
36 FAIO-IN OR CAPITAL SURPLUS. . .
37 SURPLUS RESERVES
38 EARNED SURPLUS & UNDIV. PROFITS
39 TOTAL COMPILED RECEIPTS
40 BUSINES5 RECEIPTS
INTEREST ON GOVT. OBLIGATIONS!
41 WHOLLY TAXABLE
42 SUBJECT TO SURTAX ONLY. . . .
43 WHOLLY TAX-EXEMPT
44 OTHER INTEREST
45 RENTS
46 ROYALTIES
47 NET S-T CAP GAIN LESS L-T LOSS.
48 NET L-T CAP GAIN LESS S-T LOSS.
49 NET GAIN. NONCAPITAL ASSETS . .
50 DIVIDENDS. DOMESTIC CORP. . . .
51 DIVIDENDS. FOREIGN CORP ....
52 OTHER RECEIPTS
53 TOTAL COMPILED DEDUCTIONS ....
54 COST OF SALES AND OPERATIONS. .
55 COMPENSATION OF OFFICERS. • • •
56 RENT PAID ON BUSINESS PROPERTY.
57 REPAIRS
59 BAD DEBTS
59 INTEREST PAID
60 TAXES PAID
61 CONTRIBUTIONS OR GIFTS
62 AMORTIZATION
63 DEPRECIATION
64 DEPLETION
65 ADVERTISING ...
66 AMTS CONTR UNDER PENSION PLANS.
67 AMTS CONTR OTHER BENEFIT PLANS.
68 NET LOSS. NONCAPITAL ASSETS . •
69 OTHER DEDUCTIONS
70 COMPL NET PR OR LOSS (39 LESS 53)
71 NET INC OR DEF. TOT. (70 LESS 43)
FORMS 1120. -L. -M. -Fl (II
72 NET INC OR DEF (71 LESS 77) .
73 STATUTORY SPECIAL DEDUCTIONS.
74 INCOME SUBJECT TO TAX ....
75 INCOME TAX
76 COMPILED NET PROFIT LESS INCOME
TAX 1120.-L-M-F (70 LESS 75) ID
77 1120-S INC OR DEF (71 LESS 721.
DISTRIBUTIONS TO STOCKHOLDERS!
78 CASH S ASSETS EXCEPT OllN STOCK
79 CORPORATION'S OWN STOCK . . .
5733
200
3033
870
1312
172
78
26
20
10
7
414
-
275
54
84
-
1
-
-
-
-
1214967
_
57017
62337
252294
115474
116902
96606
137128
136473
240736
214213
-
11377
10601
47459
19102
25352
22301
22818
26657
28346
537734
-
24020
30800
101821
55007
52550
38431
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14877
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98
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-
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~
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21156
135
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4288
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784
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2740
1648
6498
1648
-
203
99
-
1344
-
-
2
-
For footnotes see pages 60 000 and 60 581.
U. S. TREASURY DEPARTMENT - INTERNAL REVENUE SERVICE
Facsimiles of
Forms Used,
1960
691-248 O - 63 - 11
FACSIMILES OF FORMS USED, 1960
Page
Sole proprietorships: Profit (or loss) From Business or Profes-
sion, Schedule C (Form 1040) , 1960 157
Sole proprietorships: Schedule of Farm Income and Espenses,
Schedule F (Form 1040) , 1960 159
U. S. Partnership Return of Income, Form 1065, 1960 163
U. S. Corporation Income Tax Return, Form 1120, 1960 (pages 1-4). 171
U. S. Small Business Corporation Return of Income, Form 1120-S,
1960 (pages 1-4) 183
156
FACSIMILES OF FORMS USED, 1960
157
SCHEDULE C
(Form 1040)
U. S. Treasury Department
Internal Revenue Service
PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION
(Compute Social Security Self-Employment Tax on Page 3)
1960
A. Business name and location _ _
B. Principal Business Activity Vf C" FdSaS&n Number .
(bee Instructions, page 2) (Retail trade, lawyer, etc.) (Principal product or service)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
IS.
16.
17.
18.
19.
20.
21.
22.
23.
Total receipts $ , less allowances, rebates, and returns $.
Inventory at beginning of year ,
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 (exclude 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-l)
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 1 0 less line 22) . Enter here; on line 24, page 3; and on line 8, page 1, Form 1 040 . .
Schedule C-l. EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED ON LINE 17
1 . Kind of property (if buildings, state material
of which constructed). Exclude land and
other nondepreciable property
2. Date
acquired
3. Cost or
other basis
(Exclude land)
4. Depreciation al-
lowed (or allowable)
in prior years
5. Method of com-
puting depreciation
6. Rate(%)
or life (years)
7. Depreciation
for this year
$ _
$ _.
$
Additional first year depreciation (attach stateme
nt)
k*
EXPENSE ACCOUNT INFORMATION
Enter information with regard to yourself and your five
highest paid employees. In determining the highest five
paid employees, expense account allowances must be
added to their salaries and wages. However, the informa-
tion need not be submitted for any employee for whom the
combined amount is less than $10,000, or for yourself if
your expense account allowance plus line 23, above, is
less than $10,000. See instructions, page 2, for definition
of "expense account".
Name
Expense account
Salaries and Wages
$-
xxxxxxxxxxxxx
1
$
2
3
4
5
B
ADDITIONAL INFORMATION
Did you claim a deduction for expenses connected with: (If answer to any guestion is "YES," check applicable boxes within that guestion.)
D. A hunting lodge □, working ranch or farm Q fishing
camp □, resort property □, pleasure boat or yacht Q
or other similar facility Q? (Other than where the
operation of the facility was your principal business.)
E. Vacations for owner or employees, or members of
their families? (Other than vacation pay reported on
Form W-2.)
□ YES
D NO
□ YES
D NO
The leasing, renting, or ownership of a hotel room or
suite □, apartment □, or other dwelling □, which was
used by you, your customers, employees, or members
of their families? (Other than use by yourself or
employees while in business travel status.)
The attendance of members of your family or your em-
ployees' families at conventions or business meetings?
□ YES
D NO
□ YES
D NO
158
FACSIMILES OF FORMS USED, 1960
Page 2
Schedule C-2. EXPLANATION OF LINES 6, 18, AND 21
Line No.
Explanation
Amount
Line No.
Explanation
Amount
$
$
INSTRUCTIONS
If you owned a business, or practiced a profession, you must fill
in separate Schedule C on other side and enter the net profit (or
loss) on line 8, page 1 , Form 1 040. If you had more than one busi-
ness, or husband and wife had separate businesses, a separate page
1 of Schedule C must be completed for each business.
All farmers should use separate Schedule F (Form 1 040) to report
their farm income whether reporting on the cash or accrual method.
Income from any trade or business is subject to the social security
self-employment tax, unless specifically excluded. See page 4.
Item A — Business Name and Location. — Do not use home
address as business address unless business is actually conducted
from home. Enter street address rather than box numbers.
Item B — Business Activity. — State the general classification of
business activity, as well as the principal product or service. For
example, "Wholesale fruit," "Retail men's apparel," "Manufac-
ture of upholstered wooden household furniture," "Transportation
by truck," "Broker, real estate," "Contractor — carpenter work,"
etc. Do not use such terms as "partnership," "owner," "student,"
etc. The "principal business activity" is the one which accounts
for the largest percentage of your total receipts.
Line 1 — Total Receipts. — Include all income derived from your
trade or business. Enter in the space provided such items as re-
turned sales, rebates, and allowances from the sale price or service
charge.
If you have dividend income from stocks held by you in the
ordinary course of carrying on your trade or business, such dividends
must be considered together with your dividends from stocks regu-
larly held for investment purposes in computing your dividend
exclusion and credit on pages 3 and 4, Form 1040.
Installment Sales. — If you use the installment method of report-
ing income from sales, you must attach to your return a schedule
showing separately for the years 1957, 1958, 1959, and 1960 the
following: (a) Gross sales; (b) cost of goods sold; (c) gross profits;
(d) percentage of profits to gross sales; (e) amounts collected; and
(f) gross profits on amounts collected.
COST OF GOODS SOLD
Lines 2-9. — If you are engaged in a trade or a business in which
the production, purchase, or sale of merchandise is an income
producing factor, you must take inventories of merchandise and
materials on hand at the beginning and end of the taxable year in
order to reflect the gross profits correctly. The usual methods of
valuing inventory are (a) cost or (b) cost or market whichever is
lower. The method properly adopted for the first year in which
inventory is taken must be continued unless permission to change is
secured from the Commissioner of Internal Revenue, Washington 25,
D.C. Application for permission to change the method of valuing
inventories must be made in writing and filed with the Commissioner
within 90 days after the beginning of the taxable year in which it
is desired to effect a change. You should enter the letters "C" or
"C or M" immediately before the amount column if inventories are
valued either at cost, or at cost or market whichever is lower.
OTHER BUSINESS DEDUCTIONS
Line 15 — Losses of Business Property. — You may deduct losses
of business property by fire, storm, or other casualty, or theft, to the
extent not compensated by insurance or otherwise and not made
good by repairs claimed as a deduction. Attach a statement show-
ing a description of the property, date acguired, cost, subsequent
improvements, depreciation allowed or allowable since acguisition,
insurance, salvage value, and deductible loss.
Line 16 — Bad Debts Arising From Sales or Services. — Include
debts, or portions thereof, arising from sales or professional services
that have been included in income, which have been definitely
ascertained to be worthless; or such reasonable amount as has
been added within the taxable year to a reserve for bad debts. A
debt which is deducted as bad and which reduces your tax must,
if subsequently collected, be returned as income for the year in
which collected.
Line 17 — Depreciation and Obsolescence. — You may deduct
a reasonable allowance for exhaustion, wear and tear, and obso-
lescence of property used in the trade or business. For additional
information regarding depreciation, especially on new property
acquired or constructed after December 31, 1953, and additional
first year depreciation, see depreciation section in the instructions
for Form 1040. If a deduction is claimed on account of deprecia-
tion, fill in Schedule C— 1. In case obsolescence is included, state
separately amount claimed and basis upon which it is computed.
The value or cost of land must not be included in this schedule,
and where land and buildings were purchased for a lump sum,
the cost of the building subject to depreciation must be established.
The adjusted property accounts and the accumulated depreciation
shown in the schedule should be reconciled with those accounts
as reflected on your books.
Line 18 — Repairs. — You may deduct the cost of incidental
repairs, including labor, supplies, and other items, which do not
add to the value or appreciably prolong the life of the property.
Expenditures for new buildings, machinery, and equipment, or for
permanent improvements or betterments which increase the value
of the property are chargeable to capital accounts. Expenditures
for restoring or replacing property are not deductible, since such
expenditures are chargeable to capital accounts or to depreciation
reserve depending on how depreciation is charged on your books.
Line 19— Depletion of Mines, Oil and Gas Wells, Timber,
Etc. — If a deduction is claimed on account of depletion, procure
from your District Director Form M (mines and other natural de-
posits), Form O (oil and gas), or Form T (timber), fill in and file with
return. If complete valuation data have been filed with question-
naire in previous years, then file with your return information
necessary to bring depletion schedule up to date.
Line 20 — Amortization. — If you elect the deduction with respect
to the amortization of the adjusted basis of (a) any emergency
facility with respect to which the Government has issued a certificate
of necessity, or (b) a grain storage facility, a statement of the perti-
nent facts should be filed with your return. (See sections 168 and
169 of the Internal Revenue Code.)
For the election to amortize research or experimental expenditures
not subject to depreciation or depletion, see section 174 of the Code.
For the election to amortize trademark or trade name expendi-
tures, see section 177 of the Code.
Line 21 — Other Business Expenses. — Include all ordinary and
necessary business expenses for which no space is provided in the
schedule. Any deduction claimed should be explained in Schedule
C-2. Do not include cost of business equipment or furniture,
expenditures for replacements, or for permanent improvements to
property, or personal living and family expenses.
Net Operating Loss Deduction. — Any net operating loss
deduction should be entered on line 3, Schedule H, page 3, of Form
1040. See instructions for Form 1040 and submit computation.
Expense Account Information. — Expense account allowance
means: (a) amounts, other than compensation, received as ad-
vances or reimbursements, and (b) amounts paid by or for you for
expenses incurred by or on behalf of yourself or your employees,
including all amounts charged through any type of credit card, for
which a deduction is claimed in this schedule.
However, this term does not include amounts paid for: (a) the
purchase of goods for resale or use in your business; (b) incidental
expenses, such as the purchase of office supplies or for local trans-
portation in connection with an errand; (c) such fringe benefits
as hospitalization insurance, approved pension trust funds and
unemployment insurance; and (d) in the case of persons supplying
legal, accounting, engineering or other professional services, the
expenses which will be billed directly to the client (however,
these persons should maintain records reasonably sufficient to
establish the business purpose for the expenditure).
c48— lfi— 76072-1
FACSIMILES OF FORMS USED, 1960
159
SCHEDULE F
(Form 1040)
D.S. Treasury Department
Internal Revenue Service
SCHEDULE OF FARM INCOME AND EXPENSES
(Compute Social Security Self-Employment Tax on Page 3)
Attach this schedule to your Income Tax Return, Form 1040
1960
Business name and address ._ _
Location of farm(s) and number of acres in each farm.
Employer's Identifica-
tion Number, if any
FARM INCOME FOR TAXABLE PERIOD— CASH RECEIPTS AND DISBURSEMENTS METHOD
(Report receipts from sale of livestock held primarily lor sale in the applicable column below. Do not include other sales of livestock
held for draft, breeding, or dairy purposes; report such sales on Schedule D (Form 1040))
SALES OF LIVESTOCK AND PRODUCE RAISED
OTHER FARM INCOME
Kind
Quantity
1. Amount
Kind
Quantity
2. Amount
Items
3. Amount
Cattle
$.--
Meat products . . .
$
Mdse. rec'd for produce
$
Wool
Honey
Sirup and sugar.
Other (specify):
Agricultural program pay-
Bees
Patronage dividends, rebates
or refunds
Other (specify):
Grain
Hay
Cotton
Tobacco
Vegetables. . . .
Fruits and nuts .
Total of C
Columns
, 2, and 3. Ent
st here and on line
1 of sum.
mary below ....
$
SALES OF PURCHASED LIVESTOCK AND OTHER PURCHASED ITEMS
a. Description
b. Date acquired
c. Amount received
d. Cost or other basis
e. Profit (or loss)
$
$
$ -
f\s\
$
FARM EXPENSES FOR TAXABLE TEAR (See&structioru)J
(Do not include personal or living expenses or expenses not attributable to production of farm income^uch as taxes, inJorance. repairs, etc., on your dwelling)
Items
Labor hired
Feed purchased
Seed, plants purchased .
Machine hire
Supplies purchased
Repairs, maintenance. . .
Breeding fees
Fertilizers, lime
1. Amount
Items
Veterinary, medicine. . .
Gasoline, fuel, oil
Storage, warehousing. .
Tazes
Insurance ....
Farm interest .
Utilities
Rent of fa
J?
<o
Total of Columns 1 , 2, and 3. Enter here and c
(accrual method)
:tsturage .
i 4 of ;
Freight, trucking
Amortization
Conservation expenses
Other farm expenses
(specify) :
DEPLETION
bary below (cash method) or line 6, page 2
3. Amount
SUMMARY OF INCOME AND
JUCTIONSFCASH RECEIPTS AND DISBURSEMENTS METHOD
1. Sale of livestock and produce raised
f (^/
$ .^
V
2. Profit (or loss) on sale of purchased live-
stock and other purchased items
3. Gross Profits*
6. Other farm deductions (specify):
$
7. Total Deductions
$
8. Net farm profit (or loss) (line 3 minus line 7). Enter here and on line 9, page 1, Form 1040. Make your
computation of self-employment income and the self -employment tax on page 3 of this schedule
* v
* Use this amount tor optional method of computing net earnings trom self-employment. (See line 13, page 3.)
16—76061-1
160
FACSIMILES OF FORMS USED, 1960
DEPRECIATION (See Instructions) Page 2
(Do not include property yon and your family occupy as a dwelling, its furnishings, and other items used lor personal purposes)
1. Kind of property (if buildings, state material
of which constructed). Exclude land and other
nondepreciable property.
2. Date acquired
3. Cost or other basis
(exclude land)
4. Depreciation
allowed (or allow-
able) in prior years
5. Method of comput-
ing depreciation
6. Rate(%)
or life (years)
7. Depreciation for
this year
$
$ _
$
Additional first year depreciation (atk
Total (enter on line 5 of summa
^
$ 1/
FARM INCOME FOR TAXABLE PERIOD— ACCRUAL METHOD
(Do not include soles ol livestock held for droit, breeding, or dairy purposes; report such sales
and omit them from "On hand at beginning ol year" column)
on Schedule D (Form 1040),
Description
(Kind of livestock, crops,
On hand at beginning of year
Purchased during year
Raised
during year
Consumed or
lost during
year
Sold during year
On hand at end of year
Quantity
Inventory value
Quantity
Amount paid
Quantity
Quantity
Quantity
Amount received
Quantity
Inventory value
$
$
$
$ — -
1
$ _**_
(Enter on line 3)
$.
$
$ *£....
(Enter on line 4)
(Enteron line 1(b))
(Enter on line 1(a))
SUMMARY Or INCOME AND DEDUCTIONS— ACCRUAL METHOD
1 (a) . Inventory of livestock, crops, and products at end of year .
(b). Sales of livestock, crops, and products during year
(c). Other farm income (specify):
^X+
6 . Farm expenses(from page 1 )
$
f
V
8. Other farm deductions
1
—
2. Total.., T" BUSINESS RECEIPTS
$ ..*;
...
4. Cost of livestock and products purchased
$ V
5. Gross profits (line 2 minus the sum of lines 3 and 4)* . . . .
$
9. Total Deductions. . . .
$
10. Net farm profit (or loss) (line 5 minus line 9). Enter here and on line 9, page 1, Form 1040. Make your
computation of self-employment income and the self-employment tax on page 3 of this schedule
$
* Use this amount for optional method oi computing net earnings from self -employment. (See line 13, page 3.)
IS— 76001-1
FACSIMILES OF FORMS USED, 1960
161
INSTRUCTIONS
FOR
SCHEDULE r
(FORM 1040)
ADDITIONAL INCOME TAX INSTRUCTIONS FOR FARMERS
FOR PREPARING SCHEDULE OF FARM INCOME AND EXPENSES
1960
For the assistance of farmers, a separate Schedule F
(Form 1040) is provided and should be used by all
farmers for income tax and self employment tax purposes.
EMPLOYER'S IDENTIFICATION NUMBER
If you have employees subject to Social Security tax
(F.I.C.A.), enter your employer's identification number
as it appears on Form 943, Employer's Annual Tax Re-
turn for Agricultural Employees.
METHOD OF ACCOUNTING
Farmers may compute their income either on the cash
receipts and disbursements method or on an accrual
method, but whichever method is adopted in filing their
first return must be followed until the consent of the
Commissioner of Internal Revenue, Washington 25, D. C,
is received to change the method.
CASH RECEIPTS AND DISBURSEMENTS METHOD
A farmer using the cash receipts and disbursements
method shall include in his gross income for the taxable
year (1) the amount of cash and the value of merchan-
dise or other property received from the sale of livestock
and produce which were raised during the taxable
year or prior years, (2) the profits received from the sale
of any livestock and other items which were purchased,
and (3) gross income received from all other sources.
The income from farming should be reported on page 1
of Schedule F. The farm expenses will be the actual
amounts paid out during the taxable year plus deductions
such as depreciation, depletion, amortization, etc.
ACCRUAL METHOD
For a farmer using an accrual method, the gross
profits are obtained as indicated in summary of income
and deductions on page 2 of Schedule F. The farm
expenses will be the actual expenses incurred during
the year, whether paid or not.
Farmers who compute income on an accrual method
and use inventories may value their inventories accord-
ing to the "farm-price method," in addition to other
methods, which provides for the valuation of inventories
at market price less direct cost of disposition. Farmers
raising livestock may value their inventories of animals
according to either the "farm-price method" or the
"unit-livestock-price method."
If the use of the "farm-price method" of valuing inven-
tories for any taxable year involves a change in method
of valuing inventories from that employed in prior years,
permission for the change shall first be secured from
the Commissioner.
INCOME
All the farm income from whatever source must be
reported in Schedule F or in Schedule D (Form 1040).
Anything of value received instead of cash, such as
groceries received in exchange for produce, must be
treated as income to the extent of its market value.
The value of farm produce consumed by the farmer
and his family need not be reported as income, but
expenses incurred in raising such produce must not be
claimed as deductions.
Recoveries from insurance on growing crops should
be included in gross income.
A farmer, who rents all or a part of his crop land on a
crop share basis, under a bona fide rental agreement,
and who receives crop shares as rent, shall report the
crop shares as rental income only for the year in which
they are reduced to money, or the equivalent of money.
If a farmer pledges commodities as security for a loan
from the Commodity Credit Corporation, income is not
considered received until the pledged commodities are
sold. However, a farmer may elect to include in gross
income amounts received during the year as loans from
the Corporation. If he does so elect he should file with
his return a statement showing details of such loans, and
he must continue to report similar loans as income until
he receives permission from the Commissioner to change
his method of accounting.
Report gains and losses from sales or exchanges of
capital assets and other property in separate Schedule D
(Form 1040).
The term "farm" embraces the farm in the ordinarily
accepted sense, and includes stock, dairy, poultry, fruit,
truck farms, and all land used for farming operations.
A person cultivating or operating a farm for recreation
or pleasure, the result of which is a continual loss from
year to year, is not regarded as a farmer.
Patronage dividends received from cooperatives in
cash or its equivalent are to be included in farm income
to the extent of their fair market value in the year re-
ceived. Documents such as negotiable instruments and
capital stock are considered to have a fair market
value at the time of receipt unless it is clearly establish-
ed to the contrary. However, any revolving fund certif-
icate, retain certificate, letter of advice, or similar docu-
ment, which is payable only in the discretion of the
cooperative association, or which is otherwise subject to
conditions beyond your control, are to be included in
income only in the year cash or other property becomes
subject to payment on demand, regardless of your ac-
counting method. Dividends received on purchases of
capital assets or depreciable property used in farming
are not included in income, but the purchase price of
such items must be reduced accordingly. Dividends you
receive on nonbusiness purchases are not included in
income.
The following situations may be treated as involun-
tary conversions provided you purchase similar property
within the replacement period (generally within one
year after the year in which you first realize gain): (1)
livestock which are destroyed by or on account of dis-
ease, or sold or exchanged because of disease, (2) land
lying within an irrigation project which is sold or dis-
posed of to meet acreage limitations under Federal rec-
lamation laws, and (3) livestock (other than poultry)
held for draft, breeding, or dairy purposes which are
sold or exchanged solely on account of drought in ex-
cess of the number which would be sold under usual
business practices.
EXPENSES AND OTHER DEDUCTIONS
In general, a farmer who operates a farm for profit
is entitled to deduct from gross income as necessary
expenses all amounts actually expended in carrying on
the business of farming, except those which represent
capital investment. The following is a list of such
expenses (taken from the classification appearing on
page 1 of Schedule F, though any other equally descrip-
tive classification may be used):
Labor hired.-- Amounts paid for regular farm labor,
piecework, contract labor, and other forms of hired
Instructions Schedule F (Form 1040) 1960
162
FACSIMILES OF FORMS USED, 1960
labor. Do not deduct the value of your own labor or
that of your wife or family. Only that part of the board
which is purchased for hired labor should be deducted.
The value of products furnished by the farm and used in
the board of hired labor is not deductible. However,
the cost of rations purchased for laborers or share-
croppers is deductible. Do not deduct amounts paid to
persons engaged in household work except to the extent
that the services of such persons are used in boarding
and otherwise caring for farm laborers. Amounts paid
for services of such employees engaged in caring for the
farmer's own household are not deductible.
Feed purchased. — Cost of grain, hay, silage, mill
feeds, concentrates, and roughages purchased, and
amounts paid for grinding, mixing, and processing of feed.
Machine hire. — Amounts paid for threshing, combin-
ing, silo filling, baling, ginning, and other machine hire.
Supplies purchased. — Cost of twine, spray materials,
poisons, disinfectants, cans, barrels, baskets, egg cases,
bags, and other similar farm supplies purchased.
Repairs and maintenance. — Amounts expended
for repairs and maintenance of farm buildings (except
your dwelling), of fences, drains, and other farm im-
provements, and for repairs and maintenance of farm
machinery and equipment; cost of ordinary tools of short
life or small cost such as shovels, rakes, etc. Amounts
paid for replacements of, or additions to, farm machin-
ery, farm buildings, or other farm equipment of a
permanent nature are not deductible.
Fertilizers and lime. — Cost of commercial fertilizers,
lime, and manure purchased during the year, the benefit
of which is of short duration. The cost of fertilizer, lime
or other materials used to enrich, neutralize, or condi-
tion land used in farming may be either capitalized or
deducted as an expense.
Taxes. — State and local taxes. Do not deduct Fed-
eral income taxes; estate, inheritance, legacy, succession,
and gift taxes; nor taxes assessed for any improvement
or betterment tending to increase the value of the prop-
erty assessed. Do not deduct taxes on your dwelling or
household property and other taxes not related to the
business of farming.
Insurance. — Cost of all insurance on farm buildings
(except your dwelling) and on improvements, equipment,
crops, and livestock.
Farm interest. — Interest paid on farm mortgages and
other obligations incurred in carrying on farming.
Utilities. — The farm share of the expenditures for
water rent, electricity, telephone, etc. Do not deduct
personal expenses.
Rent of farm, part of farm, or pasturage. — Rent
paid in cash. A tenant farmer paying rent to his land-
lord in the form of crops raised on the farm (under a
crop share agreement) may not deduct as rent the value
of the crop given to the landlord, but the tenant may
deduct all amounts paid by him in raising the crop.
Conservation expenses. — You may deduct certain
expenditures made by you (including any amount paid
on any assessment levied by a soil or water conservation
or drainage district to defray expenditures made by such
district) for soil or water conservation and the preven-
tion of erosion if such expenditures are in respect of
land used by you in your business of farming.
The term "expenditures" for this purpose means ex-
penditures (a) for the treatment or moving of earth, includ-
ing but not limited to, leveling, grading, terracing, and
contour furrowing; (b) the construction, control, and pro-
tection of diversion channels, drainage ditches, earthen
dams, watercourses, outlets, and ponds; (c) the eradica-
tion of brush; and (d) the planting of windbreaks. You
may not deduct expenditures for the construction, instal-
lation, or improvement of facilities which are subject to
the allowance for depreciation or expenses which are
deductible elsewhere.
The allowable deduction for any one year may not
exceed 25 percent of your gross income from farming,
but any excess may be carried over to succeeding years
with the same limit applying to those years. The phrase
"gross income from farming" means the gross income of
the farmer from the business of producing crops, fruits
or other agricultural products or raising livestock; it
includes such income from a farm other than the one on
which expenditures for soil and water conservation, or for
the prevention of erosion, were made.
To claim a deduction for these expenditures you must
(a) elect to do so for the first taxable year for which
such expenditures are paid by claiming such deduction
on your return; or, (b) secure consent from the District
Director of Internal Revenue for any other year. Once
you have elected to do so, you must continue to treat
such expenditures as deductions in all future taxable
years unless you secure consent from the District Director
to change.
Other farm expenses. — Fees paid for advertising
farm products; expenditures for stamps, stationery, ac-
count books, and other office supplies purchased for farm
use; expenditures for travel in connection with the farm
and similar expenditures. Amounts expended for pur-
chase of automobiles, farm machinery, farm buildings,
or other farm equipment of a permanent nature are not
deductible.
Depreciation. — Allowance for depreciation of build-
ings, improvements, machinery, or other farm equipment
of a permanent nature. Similar assets may be grouped
together as one item for reporting purposes in the depre-
ciation schedule on Schedule F. In computing depreci-
ation do not include the value of farm land or land on
which farm buildings are located. Do not deduct repairs
or depreciation on the dwelling you occupy or on your
personal or household equipment. Do not claim depre-
ciation on livestock or any other property included in your
inventory. Depreciation, however, may be claimed on
livestock acquired for work, breeding, or dairy purposes
which are not included in your inventory of livestock
purchased or raised for sale. See the instructions for
Form 1040 for methods of computing depreciation.
Losses. — Losses of farm buildings, machinery, and
other farm property not included in your inventory, to
the extent not compensated by insurance or otherwise.
Losses of property included in your inventory are taken
care of by the reduced amount of the inventory at the
close of the year. The total loss of a prospective crop
by frost, storm, flood, or fire, is not deductible. When
using the cash method, the value of animals raised
by you and lost by death is not deductible, while in
the case of animals purchased and lost by death, the
cost less depreciation allowed or allowable is deductible
to the extent the loss is not compensated by insurance or
otherwise. Do not deduct personal losses.
Amortization. — If you elected the deduction with re-
spect to the amortization of the adjusted basis of a
grain storage facility, enter the allowable portion here.
Net operating loss deduction. — Any net operating
loss deduction should be entered on line 3, Schedule H,
page 3 of Form 1040. See instructions for Form 1040
and submit computation.
FORM
1065
U.S. Treorarjr Department
Internal Revenue Service
A. Date business commenced
B. County in which located
C. Principal business activity ^
(See General Inst. K) \f
Employer's Identification Number
FACSIMILES OF FORMS USED, 1960
U.S. PARTNERSHIP RETURN OF INCOME
(To Be Filed Also by Syndicates, Pools, Joint Ventures, Etc.)
FOR CALENDAR YEAR 1960
or other taxable
year beginning , I960, and ending , 19...
(PLEASE TYPE OR PRINT PLAINLY)
163
Number and Street
City, town, postal zone number, State
1960
Line and
Instruction No.
INCOME
1. Gross receipts or gross sales Less: Returns and allowances
2. Less: Cost of Goods Sold (Schedule A)
3. Gross profit (line 1 less line 2) ,
4. Income (or loss) from other partnerships, syndicates, etc. (Attach statement)
5. Nonqualifying dividends (See Instruction 5)
6. Interest (fully taxable)
7. Rents (Schedule B)
8. Royalties (Attach schedule)
9. Net farm profit (or loss) (Schedule F, Form 1040)
10. Net gain (or loss) from sale cr exchange of property other than capital assets
(from line 1 2, Separate Schedule D, Form 1 065)
Other income (Attach schedule)
Total income (lines 3 through 11)
DEDUCTIONS
Salaries and wages (other than to partners)
Payments to partners — salaries and interest
Rent
11.
12.
13.
14.
15.
16. Interest (Explain in Schedule C)
17. Taxes (Explain in Schedule C)
18. Losses by fire, storm, shipwreck, or other casualty or theft (Attach statement)
19. Bad debts (Schedule H)
20. Repairs
21. Depreciation (Schedule I)
22. Amortization (Attach schedule)
23. Depletion of mines, oil and gas wells, timber, etc. (Attach schedule)
24. Other deductions authorized by law (Explain in Schedule I)
25. Total deductions (lines 13 through 24) _
26. Ordinary income (or loss) (line 12 less line 25) H?t F^f^N tf.V?*? ,
V
V
V
y"
"vL
y
v
V
V
......
ADDITIONAL INFORMATION
D. Is any member of the partnership related by blood or marriage to any other member? □ Yes □ No
E. Is any member of the partnership a trust for the benefit of any person related by blood or marriage to any other member? □ Yes □ No
F. Did the partnership, duringthetaxableyear, have any contracts or subcontracts subject to the Renegotiation Act of 1951? □ Yes CD No
If "Yes," see General Instruction P and enter appropriate amount here $
3. Did you claim a deduction for expenses connected with: (If answer to any question is "YES," check applicable boxes within that guestion.)
2.
A hunting lodge □ working ranch or farm □ fishing
camp □, resort property □, pleasure boat or yacht □ ,
or other similar facility □? (Other than where the
operation of the facility was the partnership's principal
business.)
Vacations for partners or employees, or members of
their families? (Other than vacation pay reported on
Form W-2.)
Dyes
□ no
□ yes
□ no
3. The leasing, renting, or ownership of a hotel room or
suite □, apartment □, or other dwelling □, which was
used by partners, customers, employees, or members
of their families? (Other than use by partners or em-
ployees while in business travel status.)
4. The attendance of members of partners' families or
your employees' families at conventions or business
meetings?
□ YES
□ no
□ yes
□ no
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. If the return is prepared by a person other than a partner
or member, his declaration is based on all the information relating to the matters required to be reported in the return of which he has knowledge.
Sign
here ..
(Signature of partner or member)
(Date)
(Signature of preparer other than partner or member)
(Address)
16—76143-1
(Date)
164
Form 1065—1960
FACSIMILES OF FORMS USED, 1960
Schedule A.— COST OF GOODS SOLD
Page 2
1. Opening inventory
2. Purchases Less: Cost of items withdrawn for personal use
3. Cost of labor, supplies, etc
4. Total of lines 1, 2, and 3
5. Less: Closing inventory
6. Cost of Goods Sold. Enter here and on line 2, page 1
Note: Any items specially allocated to the partners should be included in the appropriate column of Schedule K, instead of
the lines indicated by Schedules B through J. (See General Instruction Q)
Schedule B.— INCOME FROM RENTS
1. Kind and location of property
2. Amount of rent
3. Depreciation (explain
in Schedule 1)
4. Repairs (explain in
Schedule B-l)
5. Other expense*
(explain in Sched. B-l)
1. Totals
l^
Schedule B-l.— EXPLANATION OF COLUMNS 4 AND 5 OF SCHEDULE B
Column
Explanation
Amount
Column
Explanation
Amount
Schedule C— EXPLANATION OF INTEREST AND TAXES (Lines 16 and 17, Page 1)
Explanation
Amount
Explanation
Amount
Schedule D.— ATTACH SCHEDULE D (Form 1065) TO REPORT SALES OR EXCHANGES OF PROPERTY
Schedule H.— BAD DEBTS. (See Instruction 19)
1. Taxable
2. Net profit from business
3. Sales on account
4. Bad debts of organization if no
reserve is carried on books
If organization carried a reserve
year
5. Gross amount added
to reserve
6. Amount charged
against reserve
1957. . .
1958...
1959...
1960. . .
NOTE. — Securities which ore capital assets and which became worthless within the taxable year should be reported in separate
Schedule D, Form 1065. ic— ;uu-i
FACSIMILES OF FORMS USED, 1960
165
Form 1065— 1960 Schedule I.— DEPRECIATION. (See Instruction 21)
Page 3
1. Kind of property (if buildings, state material of which
constructed). Exclude land and other nondepreciable property
2. Date acquired
3. Cost or other
basis
(Exclude land)
4. Depreciation al-
lowed (or allowable)
in prior years
5. Method of
computing
depreciation
6. Rate(%)
or life (years)
7. Depreciation
for this year
Additional first year depreciation (See Instructs
m 21)
V
2. Less: Amount of depreciation claimed in Schedules A and B and elsewhere on return
3. Balance — Enter here and on line 21, page 1
•
Schedule J.— OTHER DEDUCTIONS. (See Instruction 24)
Explanation
Amount
Explanation
Amount
Schedule K.— PARTNERS' SHARES OF INCOME, CREDITS, AND DEDUCTIONS
1. State name and address of each partner. (Designate nonresident aliens, if any.) Where return of partner
or member is filed in another internal revenue district, specify district
2. Social Security
Number
3. Percent-
age of time
devoted to
business
4. Ordinaryincome(or
loss) (line 26, page 1)
(a) .„ -
(b)
(c)
(d) ■■
(e)
„ , v^ (Number of Furlnei's;
V^
Continuation of Schedule K
6. Payments to partners— salaries
and interest
(line 14, page 1)
(a)...
(b)...
(o)...
(d)...
<e)...
Totab
6. Qualifying dividends
(Attach itemized list)
7. Net short-term gain (or
loss) from sale or ex-
change of capital assets
(from line 3, Schedule D)
8. Net long-term gain (or
loss) from sale or ex-
change of capital assets
(from line 6, Schedule D)
9. Net gain (or loss) under
section 1231 (from line 9,
Schedule D)
10. Net earnings from
self-employment (from
line 10, Schedule N)
11. Expense account
allowance
(see instructions)
NOTE. — Sec the instructions for other items required to be reported separately.
166
Form 1065—1960
FACSIMILES OF FORMS USED, 1960
Schedule L.— BALANCE SHEETS
Page 4
ASSETS
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Cash
Notes and accounts receivable
Less: Reserve for bad debts
Inventories:
(a) Other than last-in, first-out
(b) Last-in, first-out
Investments in Government obligations
Other current assets — including short-term marketable invest-
ments (Attach schedule)
Other investments (Attach schedule)
Buildings and other fixed depreciable assets
Less: Accumulated amortization and depreciation
Depletable assets
Less: Accumulated depletion
Land (Net of any amortization)
Intangible assets (Amortizable only)
Less: Accumulated amortization
Other assets (Attach schedule)
Total Assets
LIABILITIES AND CAPITAL
Accounts payable
Mortgages, notes, and loans payable (short term):
(a) Banks
(b) Others
Other current liabilities (Attach schedule)
Mortgages, notes, and loans payable (long term):
(a) Banks
(b) Others
Other liabilities (Attach schedule)
Partners' capital accounts ,
Total Liabilities and Capital
Befiiimnf t) TeuMa Year
T.tal
End of Ti
Year
Amount
Total
Schedule M.— RECONCILIATION Or PARTNERS' CAPITAL ACCOUNTS
1. Capital account at
beginning of year
2. Capital contributed
during year
3. Income not included in
column 4 plus nontaxable
income
4. Ordinary income
(or loss) from line 26.
page 1
5. Losses not included in
column 4, plus unallowable
deductions
6. Withdrawals and
distributions
7. Capital account at end of
year
(a)...
(b)...
(c) . . .
fd) . . .
(e) . . .
Schedule N.— COMPUTATION OF NET EARNINGS FROM SELF-EMPLOYMENT. (See Instruction fox Schedule N)
2.
3.
4.
5.
6.
7.
8.
9.
10.
Ordinary income increased by casualty losses (line 26 plus line 18, page 1). Do not include income received for the
perfermance of services as a doctor of medicine
Add:
Payments to partners — salaries and interest (line 14, page 1)
Net loss from sale or exchange of property other than capital assets (line 10, page 1) .
Total
Less: Portion of line 4, page 1, which does not constitute net earnings from self-employment. . .
Nonqualifying dividends (from line 5, page 1)
Interest (See instructions)
Net rentals from real estate
Net gain from sale or exchange of property other than capital assets (line 10, page 1) .
Net earnings from self -employment. (Enter in column 1 0, Schedule K)
16—76143-1 U.S. GOVERNMENT MINTING OFFICE
FACSIMILES OF FORMS USED, 1960
INSTRUCTIONS
167
For the
1960 U.S. Partnership Return
Form 1065
The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated
organization, through or by means of which any business, financial operation, or venture is carried on, and which is not
within the meaning of the Internal Revenue Code of 1954, a corporation, trust, estate, or a sole proprietorship. The term
"partner" means a member of a partnership.
[
NOTE: A "Small Business Corporation" must file Form I ! 20— S.
]
GENERAL INSTRUCTIONS
A. Who must file Form 1065. — Every partnership (see general instruc-
tion L for exceptions) shall, for its taxable year, make a return of income
on Form 1065 stating specifically the items of gross income and allow-
able deductions, and such additional information required under the
following Specific Instructions. If the return is filed on behalf of a syn-
dicate, pool, joint venture, or similar group, a copy of the agreement,
together with all amendments thereto, should be attached to the return,
unless a copy has been previously filed.
Only one return is required for each partnership. If copies of the
form are furnished to individual partners, they should be clearly identi-
fied as "Duplicate Copy."
B. Period to be covered by return. — The return shall be filed for the
calendar year I960 or other taxable year beginning in 1960. A partner-
ship taxable year shall be determined as though the partnership were a
taxpayer.
C. Change in, or adoption of, accounting period. — A change by any
partnership from one taxable year to another, or the adoption by a new
partnership of an initial taxable year, must meet the provisions of sec-
tion 706(b) of the Code. A change by a principal partner from one
taxable year to another must meet the provisions of section 706(b) and
442 of the Code. A principal partner is one who has an interest of
5 percent or more in the partnership profits or capital.
For the taxable years of partnerships resulting from a merger or divi-
sion of other partnerships, see sections 706(b) and 708(b) (2).
D. Time and place for filing. — The return of a resident partnership
must be filed on or before the 15th day of the 4th month following the
close of the taxable year of the partnership, with the District Director
of Internal Revenue for the District in which the partnership has its
principal office or principal place of business. The return of a foreign
partnership in which all the partners are nonresident aliens shall be
filed on or before the 15th day of the 6th month following the close of
the taxable year of the partnership with the district director for the dis-
trict in which such partnership has a principal office or place of business
within the United States.
Where the partnership does not have a principal office or place of
business in the United States, the return shall be filed with the Director
of International Operations, Internal Revenue Service, Washington 25,
D.C., U.S.A.
E. Signature. — The return must be signed by one partner or member.
If receivers, trustees in bankruptcy, or assignees are in control of the
property or business of the organization, such receivers, trustees, or
assignees must sign the return.
059—16—76142-1
Any person(s), firm, or corporation who prepares a partnership return
for compensation also must sign. If the return is prepared by a firm or
corporation, the return should be signed in the name of the firm or cor-
poration. The statement is not required if the jreturn is prepared by a
regular, full-time employee of the partnership such as a clerk, secretary,
bookkeeper, etc.
F. Penolties. — Severe penalties are provided by law for willful failure
to make and file a return on time and for' willful attempt to evade or
defeat payment of tax.
G. Methods of accounting. — If the partnership's books are kept on an
accrual method, report all income accrued and expenses incurred. If the
books are kept on the cash receipts and disbursements method, or if the
partnership kept no books, make the return by the cash receipts and
disbursement method and report all income received or constructively
received, such as bank interest credited to the partnership's account and
coupon bond interest matured, and report expenses actually paid. The
books may be kept by (1) cash method, (2) accrual method, or (3) any
permissible combination of methods.
Rounding Off to Whole-Dollar Amounts
If you wish, the money items on your return and accompanying sched-
ules required by such return may be shown as whole-dollar amounts.
This means that you eliminate any amount less than 50 cents, and
increase any amount from 50 cents through 99 cents to the next higher
dollar.
H. Items exempt from tax. — Items exempt from tax are listed in sec-
tions 101 through 121, for example:
(1) Interest on governmental obligations. — The interest on obliga-
tions of a State or a possession of the United States, or any political sub-
division of any of the foregoing or of the District of Columbia is exempt.
(2) Proceeds of insurance policies. — In general, the proceeds of life
insurance policies, paid to the partnership by reason of the death of a
partner, are exempt. If any part of the proceeds is held by the insurer
under an agreement to pay interest, the interest is taxable.
(3) Income from improvements by lessee. — Income, other than rent,
derived by a lessor of real property upon the termination of a lease,
representing the value of such property attributable to buildings erected
or other improvements made by the lessee, is exempt.
I. Information at source. — Every partnership making payments in
the course of its trade or business during the calendar year I960 of
(1) interest, rents, commissions, or other fixed or determinable income
of $600 or more, or (2) salaries and wages of $600 or more shall make
returns on Forms 1096 and 1099. Exceptions — No report is required
Instructions— Form 1065 <1960)
168
FACSIMILES OF FORMS USED, 1960
PAGE 2
of the following: (a) Wages reported on Form W-2, (b) Payments of
any type to a corporation, (c) Distributions or salaries to the partners,
(d) Rent paid as a tenant to a real estate agent, and (e) Payments made
as a broker to your customers.
J. Balance sheets. — The balance sheets, Schedule L, should agree with
the books of account, otherwise any differences should be explained in
an attached statement. Partnerships reporting to the Interstate Commerce
Commission or to any national, State, municipal, or other public officer,
may submit, in lieu of Schedule L, copies of their balance sheets pre-
scribed by said Commission or State or municipal authorities, as at the
beginning and end of the taxable year.
In- case the balance sheet as at the beginning of the current taxable
year does not agree in every respect with the balance sheet which was
submitted as at the end of the previous taxable year, the differences
should be explained.
K. Principal business activity. — On page 1 of the return, give the
one business activity that accounts for the largest percentage of "total
receipts." "Total receipts" means gross receipts (line 1, page 1) plus all
other sources of ordinary income included in line 26,. page 1, of the
return. State the broad field of business activity as well as the specific
product or service, such as "Wholesale food," "Retail apparel," etc.
L. Elections. — (1) A partnership may elect to be taxed as a domestic
corporation if it qualifies under section 1361. In such cases, Form 1120
rather than Form 1065 should be filed.
(2) An unincorporated organization qualifying under section 761(a)
as an investing partnership or as participating in the joint production,
extraction, or use of property under an operating agreement may elect to
be excluded from treatment as a partnership in accordance with section
1.761-1 (a) (2) of the Regulations. Such unincorporated organization
must make the election in a statement attached to Form 1065 for the first
year for which an election to be excluded is desired. For subsequent
years such unincorporated organization must file Forms 1096 and 1099
instead of Form 1065. See section 1.761-1 (a) (2) of the Regulations.
(3) With one exception, elections affecting the computation of tax-
able income derived from partnership operations shall be made by the
partnership. Such elections might be as to the method of accounting em-
ployed, methods of depreciation, etc. The one exceptipn is with regard to
the Foreign Tax Credit provided for in section 901, in which case each
partner may make a separate election on his individual income tax return.
(4) Information with regard to elections affecting the basis of part-
nership property, the basis of partners', interests, and the distribution of
property and other elections, may be found under the applicable sections
of Chapter 1, subchapter K of the Code and the Regulations issued
thereunder.
M. Section 702(a) items. — Each partner is required by the Code to
take into account separately his distributive share of certain specific
items enumerated in the Code as follows: (1) Gains and losses from
sales and exchanges of capital assets held for not more than 6 months;
(2) gains and losses from sales and exchanges of capital assets held
for more than 6 months; (3) gains and losses from sales and exchanges
of property described in section 1231; (4) charitable contributions;
(5) qualifying dividends; (6) taxes described in section 901; (7) par-
tially tax-exempt interest; (8) other items of income, gain, loss, deduc-
tion, or credit, to the extent provided by Regulations (See instructions
for Schedule K); and (9) taxable income or loss (ordinary income)
exclusive of items 1 through 8 above.
N. Distribution of unrealized receivables and inventory items. — Where
a partner receives a distribution of unrealized receivables or substan-
tially appreciated inventory items in exchange for all, or a part, of his
interest in other partnership property (including money), the transaction
is treated as a sale or exchange of such property between the distributee
partner and the partnership. The gain realized by the partnership is
treated as ordinary income and reported on line 1 1 of page 1. See section
751 and the Regulations issued thereunder.
O. Net operating loss deduction. — The benefit of the deduction for
net operating losses provided by section 172 shall not be allowed to a
partnership. In computing his own net operating loss or his own taxable
income for any taxable year for the purposes of the computation required
by section 172, however, each partner shall take into account his share
of the income and losses of the partnership. The net operating loss
deduction shall not be atlowed in computing the net earnings from
self-employment. (For limitation, see instr. for Sch. K, page 4.)
P. Information regarding renegotioble contracts. — Every partnership
which held, during the taxable year, contracts or subcontracts which
were subject to the Renegotiation Act of 1951, shall, in answer to ques-
tion F, page 1, state the actual or if not accurately determinable, its best
estimate .of the aggregate gross dollar amount billed during the current
taxable year under all contracts and/or subcontracts.
Q. Specially allocated items. — Distributive shares of items of income,
gain, loss, deduction or credit are to be allocated among the partners
in accordance with the partnership agreement for sharing income or loss
generally. However, where the partners agree, specified items may be
allocated among them in a different ratio than that for sharing income
or loss generally, and such allocations may be recognized in accordance
with the provisions of section 704. For instance, if the net income exclu-
sive of specially allocated items is divided evenly between three partners
but some special items are allocated 50 percent to one, 30 percent to
another, and 20 percent to the third partner, the special items should be
reported in Schedule K, instead of in the other numbered lines on page 1.
R. Attachments. — Attachments may be used in the preparation of your
return and separate Schedule D, provided they contain all of the required
information and that summarized totals of the items shown in the at-
tachments are entered on the return and schedules.
SPECIFIC INSTRUCTIONS
The following instructions correspond with line numbers on the first pagt of the return, and with schedules appearing on other pages of the return.
1. Gross receipts or gross sales. — Include all income derived from your
trade or business. Enter in the space provided such items as returned
sales, rebates, and allowances from the sale price or service charge.
2. Cost of goods sold (Schedule A). — If the production, manufacture,
purchase, or sale of merchandise is an income-producing factor in the
trade or business, inventories of merchandise on hand should be taken at
the beginning and end of the taxable year and may, unless the LIFO
method is used, be valued at (a) cost, (b) cost or market, whichever is
lower, or (c) any other method approved by the Commissioner. The
method of valuing inventory adopted for the first year is controlling, and
a change can be made only after permission is secured from the Com-
missioner. Application for permission to change the method of valuing
inventories shall be made in writing and filed with the Commissioner
within 90 days after the beginning of the taxable year in which it is
desired to effect a change.
If the partnership desires to adopt the LIFO inventory method
provided in section 472, it must file application to do so on Form 970.
Items withdrawn from inventory or purchases for the personal use of
individual partners should not be included as part of the cost of goods
sold, but should be accounted for in Schedule M — Reconciliation of
Partners' Capital Accounts.
Installment sales. — If, pursuant to section 453, the installment
method is used, attach to the return a schedule showing separately for
the years 1957, 1958, 1959, and I960 the following: (a) Gross sales;
(b) cost of goods sold; (c) gross profits; (d) percentage of gross
profits to gross sales; (e) amount collected; and (/) gross profit on
amount collected.
Parmer's income schedule. — If the partnership operates a farm, obtain
from the District Director and attach to the return, separate Schedule F
(Form 1040), Schedule of Farm Income and Expenses. (See Instr. 9.)
4. Income (or loss) from other partnerships, syndicates, etc. — Enter
the partnership's share of the profits (whether received or not) or losses
of another partnership, except the partnership's distributive share of an-
other partnership's capital gains or losses, which should be reported
in separate Schedule D (Form 1065). IPthe distributive share is a loss,
such loss must be limited to the amount of the adjusted basis of the
interest in the other partnership as of the end of the other partnership's
year in which the loss occurred. If the taxable year on the basis of
which the partnership's return is filed does not coincide with the annual
accounting period of the other partnership, include in the return the
distributive share of the net profits (or losses) for the accounting period
of such other partnership ending within the period for which the return
is filed.
5. Nonqualifying dividends.— Nonqualifying dividends are taxable
dividends which are included in Ordinary Income and for which the
individual partner is NOT entitled to an exclusion or credit. Such
dividends are derived from the following sources:
(a) Corporations organized under the China Trade Act (section
941);
(b) Corporations which, for the taxable year of the corporation in
which the distribution is made, or for the next preceding taxable year
of the corporation, are —
(1) Exempt from tax under section 501 (charitable, etc., organiza-
tions) or section 521 (farmers' cooperatives); or
(2) Corporations to which section 931 (income from sources within
possessions of the United States) applies;
(f) Mutual savings banks, cooperative banks, domestic building and
loan associations, domestic savings and loan associations, Federal savings
and loan associations, on deposits or withdrawable accounts. Dividends
from these organizations must be reported as interest.
(d) Regulated investment companies except to the extent designated
by the company to be taken into account as a dividend for these purposes.
cut— 18— 7M4S-1
FACSIMILES OF FORMS USED, 1960
169
(e) Foreign corporations.
Qualifying dividends are taxable dividends received from domestic
corporations and not listed above. See instructions for Schedule K.
6. Interest. — Enter total interest from all sources except: (a) Interest
wholly exempt from tax. (b) Interest on tax-free covenant bonds. See
instr. for Sch. K. (c) Partially tax-exempt interest. See instr. for Sch. K.
8. Royalties. — Enter net income (or loss) as shown on the detailed
schedule to be attached to the return.
9. Net farm p'rofit (or loss). — Enter the net profit (or loss) from
Schedule F (Form 1040). Do NOT include in such line any amounts
reported in Schedule K, Form 1065.
II. Other income. — Enter any other taxable income and explain its
nature in an attached schedule except items requiring separate computa-
tion which are required to be reported in Schedule K. (See instr. for
Sch. K.) Include taxable income from annuities and insurance proceeds.
DEDUCTIONS
13. Salaries and wages. — Enter all salaries and wages not included
as a deduction in line 3 of Schedule A, except salaries to partners.
14. Payments to partners — salaries and interest (Guaranteed Pay-
ments).— In computing Ordinary Income, a deduction may be taken for
payments to a partner for services or the use of capital where such pay-
ments are determined without regard to the income of the partnership.
Do not include distributive shares of partnership profits. Allocate to
the appropriate partners in column 5, Schedule K.
15. Rent. — Enter rent on business property but do not deduct rent for
a dwelling occupied by any partner for residential purposes.
16. Interest. — Enter interest on business indebtedness. Amounts paid
by a partnership to a partner for the use of capital should be entered on
line 14. However, amounts paid as interest by a partnership to a partner
as a result of a transaction wherein the partner acts in a capacity other
than as a partner should be entered on this line. Do not include interest
on indebtedness incurred or continued to purchase or carry obligations
the interest upon which is wholly exempt from taxation. (The limita-
tions on deductions for unpaid interest are set forth in section 267 of
the Code.)
17. Taxes. — Enter taxes paid on business property or incurred for
carrying on business if not reflected in cost of goods sold. Federal
import duties and Federal excise and stamp taxes are deductible only
if paid or incurred in carrying on a trade or business, or in the produc-
tion or collection of income, or for the management, conservation, or
maintenance of property held for the production of income. Do not
deduct taxes assessed against local benefits tending to increase the value
of the property assessed, as for paving, etc., Federal income taxes, estate,
inheritance, legacy, succession, and gift taxes, or taxes reported in Sched-
ule K. Do not deduct taxes imposed on the interest of the partnership as
stockholder of a corporation which are paid by the corporation without
reimbursement from the partnership. See section 164(d) for special
rules for allocation of real estate property taxes between buyer and
seller of property.
18. Losses by fire, storm, shipwreck, or other casualty, or theft. — Enter
losses sustained during the year, if arising by fire, storm, shipwreck,
or other casualty, or from theft, and not compensated for by insurance or
otherwise, nor reflected in cost of goods sold. (See sec. 165(c).) Theft
losses can be deducted in the year in which the partnership discovers the
loss, and only in that year. Attach a statement setting forth a description
of the property, date acquired, cost, subsequent improvements, deprecia-
tion allowed or allowable since acquisition, insurance, salvage value, and
deductible loss claimed.
19. Bad debts. — Bad debts may be deducted either (1) when they
become wholly or partially worthless, or (2) by a reasonable addition
to a reserve for bad debts. No change of method is allowed without per-
mission of the Commissioner. (See Instructions on separate Schedule D
(Form 1065) regarding nonbusiness debts.)
20. Repairs. — Enter the cost of incidental repairs, including labor,
supplies, and other items, which do not add to the value or appreciably
prolong the life of the property repaired. Expenditures for new build-
ings, machinery, equipment, or for. permanent improvements or better-
ments which increase the value of the property are chargeable to capital
accounts. Expenditures for restoring or replacing property are not
deductible, since such expenditures are chargeable to capital accounts
or to depreciation reserves.
21. Depreciation. — A reasonable allowance for the exhaustion, wear
and tear, and obsolescence of partnership property used in the trade or
business or of partnership property held by the partnership for the
production of income shall be allowed as a depreciation deduction.
The allowance does not apply to inventories, stock-in-trade, or to land
apart from the improvements or physical development added to it. The
cost or other basis of leasehold improvements, patents, and copyrights
should also be depreciated in Schedule I.
The useful life of an asset can be measured in units of production
or machine hours (for machinery) or in miles of operation (for auto-
PAGE 3
motive equipment), etc., but the ordinary practice is to measure useful
life in years. Business experience, engineering information, and other
relevant factors provide a reasonable basis for estimating the useful life
of property. The cost (or other basis) to be recovered should be
charged off over the expected useful life of the property. For guidance»
comprehensive tables of "average useful lives" of various kinds of
buildings, machines, and equipment in many industries and businesses
have been published in a booklet called Bulletin F, which you can buy
for 30 cents from the Superintendent of Documents, Government Print-
ing Office, Washington 25, D.C.
(1) Straight line method. — The most common method of computing
depreciation is the "straight line" method. It allows for the recovery of
cost in equal annual amounts over the life of the property, with only
salvage value remaining at the end of its useful life. To compute the
deduction, add the cost of improvements to the cost (or other basis)
of the asset and deduct both the estimated salvage value and the total
depreciation allowed or allowable in past years. Divide the result by
the number of years of useful life remaining to the asset — the quotient
is the depreciation deduction.
(2) Declining Balance Method. — Under this method a uniform rate
is applied each year to the remaining cost or other basis of property
(without adjustment for salvage value) determined at the beginning
of such year. For property acquired before January 1, 1954, or used
property whenever acquired, the rate of depreciation under this method
may not exceed one and one-half times the applicable straight-line rate.
(3) Special rules for new assets acquired after December 31, 1953. —
The cost or other basis of an asset acquired after December 31, 1953,
may be depreciated under methods proper in the past, or it may be
depreciated under any of the following methods provided: (1) That
the asset is tangible, (2) that it has an estimated useful life of 3 years
or more, and (3) that the original use of the asset commenced with
the partnership and commenced after December 31, 1953. If an asset is
constructed, reconstructed, or erected by the partnership, so much of the
basis of the asset as is attributable to construction, reconstruction, or
erection after December 31, 1953, may be depreciated under methods
proper in the past, or it may be depreciated under any of the following
methods provided that the asset meets qualifications (1) and (2) above.
(a) Declining Balance Method. — This method may be used with a
rate not in excess of twice the applicable straight-line rate.
(b) Sum of the years-digits method. — Under this method annual
allowances for depreciation are computed by applying changing frac-
tions to the partnership's cost or other basis -of property (reduced by
estimated salvage).
The deduction for each year is computed by multiplying the cost or
other basis of the asset (reduced by estimated salvage value) by the
number of years of useful life remaining (including the year for which
the deduction is computed) and dividing the product by the sum or all the
digits corresponding to the years of the estimated useful life of the asset.
In the case of a 5-year life this sum would be 15 (5 + 4+3 + 2 + 1).
For the first year five-fifteenths of the cost reduced by estimated salvage
value'would be allowable, for the second year four-fifteenths, etc.
(f) Other methods. — A partnership may use any reasonable consist-
ent method which does not result in accumulated allowances at the end
of any year greater than the total of the accumulated allowances which
would have resulted from the use of the declining balance method.
This limitation applies only during the first two-thirds of the useful life
of the property.
Note: For taxable years ending after June 30, 1958, a partnership
engaged in business may elect to write off part of the cost of its tangible
depreciable personal property acquired after December 31, 1957, which
has a useful life of at least 6 years from the date of acquisition. The
allowance is in addition to regular depreciation allowable on the balance
of the basis of the asset and is deductible in the first year in which the
regular depreciation deduction is allowable with respect to the property.
For details which must be furnished in the statement of election, see
the regulations under section 179 of the Internal Revenue Code.
The amount that may be written off is up to 20 percent of the cost of
the property but not to exceed $2,000 ($4,000 if married and filing a
joint return) for each partner. For example —
The A & B Company, a partnership consisting of A and B, purchased
an asset which cost $100,000. Each partner is married and each is
filing a joint return. The profit and loss sharing ratio is 50 percent
to each. The total that may be written off is $8,000 (20 percent of
$100,000 limited to $4,000 for each partner). If the asset had been
purchased for $30,000 and the profit and loss ratio had been 90 per-
cent to A and 10 percent to B, the total that could be written off would
be $4,600 (20 percent of $30,000, limited to $4,600) — $4,000 for A
(90 percent of $30,000 X 20 percent, limited to $4,000) and $600 for
B (10 percent of $30,000 x 20 percent).
The total additional first year depreciation should be shown on the desig-
nated line of Schedule I.
oS9— 16— 76142-1
170
FACSIMILES OF FORMS USED, 1960
PAGE 4
22. Amortization. — If the partnership elects the deduction with respect
to the amortization of (a) the adjusted basis of any emergency facility
(section 168) with respect to which the Government has issued a
certificate of necessity, or a grain storage facility (section 169), or
(b) certain expenditures relating to research and experiment (section
174), trademark and trade name expenditures (section 177), exploration
(section 615), and development (section 616), a statement of the perti-
nent facts should be filed with the return. Do not enter the deductions for
amortization of bond premium on this line but include it in Schedule J.
For details concerning the information which must be furnished in the
statements of election required by these sections, consult your District
Director.
23. Depletion of mines, oil and gas wells, timber, etc. — If a deduction
is claimed on account of depletion, procure from the District Director
Form M (mines and other natural deposits), Form O (oil and gas),
or Form T (timber), and file with return. If complete valuation data
have been filed in previous years, then file with the return information
necessary to bring the depletion schedule up to date, setting forth in
full, a statement of all the transactions bearing on the deductions from
or additions to the value of physical assets during the taxable year, with
an explanation of how the depletion deduction for the taxable year has
been determined. (See sections 611 and 612.)
24. Other deductions authorized by law. — Enter any other authorized
deductions for which no space is provided elsewhere on' page 1 of the
return, exclusive of items requiring separate computation and required
to be reported in Schedule K. Do not deduct losses incurred in trans-
actions which were neither connected with the trade or business nor
entered into for profit. No deduction is allowable for the amount of
any item or part thereof allocable to a class of exempt income, other than
the allowable portion attributable to wholly exempt interest income.
Items directly attributable to such exempt income shall be allocated
thereto, and items directly attributable to any class of taxable income
shall be allocated to such taxable income. If an item is attributable both
to taxable income and exempt income, a reasonable proportion thereof,
determined in the light of all the facts in each case, shall be allocated
to each.
A partnership receiving any exempt income, other than interest, or
holding any property or engaging in any activity the income from which
is exempt shall submit with its return as a part thereof an itemized
statement, in detail, showing ( 1 ) the amount of each class of exempt
income, and (2) the amount of expense items allocated to each such
class (the amount allocated by apportionment being shown separately).
Schedule 0 — Gains and losses from sales or exchanges of
capital assets and other property. — The computation of gains and
losses from sales or exchanges of capital assets and property other than
capital assets should be made on the separate Schedule D (Form 1065).
Every sale or exchange of property, even though no gain or loss is
indicated, must be reported in detail.
Schedule K — Partners' shares of income, credits, and deduc-
tions.— This schedule should show complete information with respect
to all the persons who were members of the partnership, syndicate,
group, etc., during any portion of the taxable year. Although the partner-
ship is not subject to income tax, the members thereof are liable for
income tax in their separate capacities and are taxable upon their dis-
tributive shares of the income of the partnership, whether distributed
or not, and each is required to include his shares in his return. How-
ever, a partner may not claim on his separate return a distributive share
of loss from a partnership to the extent any such loss exceeds the basis
of his interest in the partnership. The excess of such loss may be claimed
for later years to the extent that the basis for the partner's interest is
increased above zero. Each partner should be advised by the partnership of
• his share of the income, deductions, and credits as shown in Schedule K.
Column 6. — Enter the distributive share of dividends received from
domestic corporations, with respect to which the partner is entitled to
an exclusion (section 116) and, if applicable, a credit (section 34) on
his individual income tax return. See also Instruction 5.
Column 11.— EXPENSE ACCOUNT ALLOWANCES.— Expense ac-
count allowance means: (1) amounts, other than compensation, received
as advances or reimbursements, and (2) amounts paid by or for the
partnership, for expenses incurred by or on behalf of a partner, including
all amounts charged through any type of credit card.
However, this term does not include amounts paid for: (a) the pur-
chase of goods for resale or use in the business; (b) incidental ex-
penses, such as the purchase of office supplies for the partnership or local
transportation in connection with an errand; (r) such fringe benefits as
hospitalization insurance, approved pension trust funds and unemploy-
ment insurance; and (d) in the case of a partnership supplying legal,
accounting, engineering or other professional services, the expenses which
will be billed directly to the client. However, the partnership should
maintain records reasonably sufficient to establish the business purpose
for the expenditure.
Complete this column for the 25 highest paid partners includ-
ing limited partners. To determine the partners with respect to whom
the information is required all allowances including expense account
allowances as described above and the partner's share of ordinary income
must be added to each partner's compensation. This column need not
be completed for any partner for whom the combined amount is less
than $10,000.
A separate schedule must be attached to the return showing each
partner's distributive share of the following:
(a) Contributions paid by the partnership within the partnership's
taxable year. (An itemized list of the partnership's charitable con-
tributions must also be submitted.)
(b) Partially tax-exempt interest received on obligations of the United
States or on obligations of instrumentalities of the United States.
However, if the partnership elects to amortize premiums on bonds, the
amount received on such obligations by the partnership shall be reduced
by the amortizable bond premium.
(c) The total of the income or gain and the total of the deduction
or credit of the following items: Recoveries of bad debts, prior taxes
and delinquency amounts (section 111) ; gains and losses from wagering
transactions (section 165(d)); soil and water conservation expendi-
tures (section 175); intangible drilling and development costs (section
263(c)); exploration expenditures (section 615); and any items of
income, gain, loss, deduction or credit subject to a special allocation
under the partnership agreement which differs from the allocation of
partnership income or loss generally.
(d) interest on tax-free covenant bonds upon which a Eederal tax
was paid at source.
(e) taxes described in section 901 which have been paid or accrued
by the partnership to foreign countries or to possessions of the U.S.
If you are a shareholder of a regulated investment company and
receive notice on Form 2439 that the company paid tax on undistributed
capital gains, also enter your share of the tax paid by the regulated
investment company. Partners should be instructed to claim their part
of the credit on their income tax return by following the tax return
instructions except that the credit should be identified as a "Regulated
Investment Company credit received from a partnership" in lieu of at-
taching Form 2439. Copy B of Form 2439 should be attached to the
partnership return to substantiate the credit.
Schedule N — Computation of net earnings (or loss) from self-
employment. — Payments to partners — salaries and interest. — The total
of amounts paid to partners which were included on line 14, on page 1
of the return, must be entered on line 2 and added back to the ordinary
income in arriving at the net earnings (or loss) from self-employment.
Sale or exchSnge of property other than capital assets from line 10
page 1. — Net loss from the sale, exchange, or involuntary conversion of
business property held for 6 months or less if such property is neither
stock in trade nor other property of a kind which would properly be
includible in inventory at the close of the taxable year, nor property held
primarily for sale to customers in the ordinary course of the trade or
business must be entered on line 3- Net gains should be entered on
line 9 as an exclusion.
In determining the amount of net earnings from self-employment,
there should be excluded income from the following sources and
deductions attributable thereto:
Nonqualifying dividends from line 5, page 1;
Interest. — Interest on bonds, debentures, notes, certificates, or other
evidences of indebtedness, issued with interest coupons or in registered
form by a corporation or by a government or political subdivision
thereof, unless received in the course of a trade or business as a dealer
in stocks or securities.
Real estate rentals. — Rentals from real estate, except rentals received
in the course of a trade or business as a real-estate dealer. Receipts for
the use or occupancy of rooms or other space where services are also
rendered to the occupant, such as rooms in hotels, boardinghouses,
apartment houses furnishing hotel services, tourist camps, tourist homes,
or space in parking lots, warehouses, or storage garages do not consti-
tute rentals from real estate and therefore are included in determining
net earnings from self-employment.
Partnerships with income from farming. — A partner may use the
optional method of computing net earnings from self-employment from
farming on his individual income tax return. See pages 3 and 4 of
Schedule F (Form 1040) for instructions and the computation of net
earnings from seif-employment- from farming. In figuring the gross
profits from farming to be included on line 13, page 3 of Schedule F
(Form 1040) enter your share of the gross profits shown on either line
3 of page 1 or line 5 of page 2 of the Schedule F (Form 1040) filed
with the partnership return.
FORM
1120
U.S. Treasury Department
Internal Revenue Service
FACSIMILES OF FORMS USED, 1960
U.S. CORPORATION INCOME TAX RETURN— 1960
171
Name
or Other Taxable Year Beginning _._ _ , i960 Ending
(PLEASE TYPE OR PRINT)
Number and Street
City or town, postal zone number. State
H
s
o
s
w
M
o
e
Check if this is a —
A. Sole proprietorship □ or
partnership □ electing
under sec. 1361 to be
taxed as a corporation.
B. Consolidated return.
C. Personal Holding Co.
D. Employer identification No.
E. Prin. bus. activity and Code No.
{See p. 8 instr.)
)/
F. County in which located.
G. Enter total assets from line 14,
Sch. L (see instr. O).
\S
1. Gross Receipts __ Less: Returns and allowances
2. Less: Cost of goods sold (Schedule A) and/or operations (Attach Schedule)
3. Gross Profit
4. Dividends (Schedule C)
5. Interest on obligations of the United States, etc. issued:
(a) Prior to 3-1-41 — (1) U.S. savings and Treasury bonds
$.
owned in excess of the principal amount of $5,000, and
(2) obligations of a U.S. instrumentality
(b) After 2-28-41, by U.S., any agency or instrumentality. .
Other interest
(a) Rents
(b) Royalties
Net gains (losses) (from separate Schedule D)
Other income (Attach schedule)
TOTAL income, lines 3 to 9, inclusive
Gross Amount of
Interest
Less: Amortizable
Bond Premium
Y
H
P
fi
H
P
Taxes (Schedule B) .
Interest
11. Compensation of officers (Schedule E)
12. Salaries and wages (not deducted elsewhere)
13. Repairs (Do not include cost of improvements or capital expenditures) .
14. Bad debts (Schedule F)
15. Rents
16.
17.
18.
19.
20.
21.
22.
23.
24.
Contributions or gifts paid (Attach schedule)
Losses by fire, storm, shipwreck, or other casualty, or theft (Attach schedule)
Amortization (Attach schedule) ■
Depreciation (Schedule G)
Depletion (Attach schedule)
Advertising
Amounts contributed under: (a) Pension, profit-sharing, stock bonus, annuity plans (see instr.) . .
(b) Other employee benefit plans (see instr.)
Other deductions (Attach schedule)
TOTAL deductions in lines 1 1 to 25, inclusive
Taxable income before net operating loss deduction and special deductions (line 10 less line 26) .
Less : Net operating loss deduction -
Taxable income before special deductions
Special deductions (Schedule I)
Line 29 less line 30 INCOME SUBJECT TO TAX
\s.
_
_•
TOTAL income tax (from line 9, Tax Computation Schedule, page 3)_
Credits: (a) Tax paid with application for extension of time in which to f ile . .
(b) Payments and credits on 1960 Declaration of Estimated Tax
32.
33.
34.
35.
36. Enter amount of line 35 you want: Credited on 1961 estimated tax Refunded
If tax (line 32) is larger than payments (line 33), the balance is TAX DUE. Enter balance her
If payments (line 33) are larger than tax (line 32) Enter the OVERPAYMENT her
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. If the return is prepared by a person other than the
taxpayer, his declaration is based on all the information relating to the matters required to be reported in the return of which he has knowledge.
CORPORATE
SEAL
(Date)
(Signature of officer)
(Title)
(Date)
(Individual or firm signature)
(Address)
691-246 O - 63 - 12
172
FACSIMILES OF FORMS USED, 1960
Pag* 2
Schedule A.— COST OF GOODS SOLD. (See Instruction 2)
(Whore inventories are an income-determining factor)
Schedule B.— TAXES. (See Instruction 16)
Explanation
Amount
4. Other costs per books (Attach schedule)
5. Total
C. Less: Inventory at end of year
7. Cost of goods sold (Enter here and on line 2,
V
Total (Enter here and on line 16, page 1).. .
V
Schedule O— INCOME FROM DIVIDENDS
1. Name of Declaring Corporation
2. Domestic Corporations
Taxable Under Chapter 1,
Internal Revenue Code*
3. Certain Preferred Stock
of Public Utilities Taxable
Under Chapter 1, Internal
Revenue Code
4. Fo-eign Corporations
5. Other Corporations
Totals
V
•
V
"Except (a) dividends on certain preferred stock of public utilities, which should be entered in column 3; and (b) dividends, which should be entered in column 5,
received from China Trade Act corporations, from corporations to which section 931 applies, and from corporations exempt from tax under sections 501 and 521.
Schedule D. — Separate Schedule D (Form 1120) should be used in reporting sales or exchanges of property. (See Instruction 8)
Schedule E.— COMPENSATION OF OFFICERS. (See page 6 of Instructions)
1. Name and Address of Officer
2. Official Title
3. Time De-
voted to
Business
Percent of Corporation
Stock Owned
6. Amount of
Compensation
?. Expense Account
Allowances
4. Common
5. Preferred
Total compensation of officers (Enter here and on line 11, page 1)
V
llililfifil
Schedule F.— BAD DEBTS. (See Instruction 14)
1. Tax-
Amount of Notes and Accounts Receivable
Outstanding at—
4. Taxable Income
Reported
5. Sales on Account
6. Bad Debts of Corpo-
ration if No Reserve Is
Carried on Books
If Corporation Carries a Reserve
able
7. Gross Amount Added
to Reserve
8. Amount Charged
Against Reserve
Vear
2. Beginning of Year
3. End of Tear
1957.
1958.
1959.
1960.
zz
V
NOTE: Securities which are capital assets and which became worthless within the taxable year should be reported in separate Schedule D.
Schedule G.— DEPRECIATION. (See Instruction 21 and Schedule H)
1. Kind of Property (if buildings, state material of which constructed).
Exclude Land and Other Nondepreciable Property. List Assets in
Groups by Depreciation Method
2. Date
Acquired
3. Cost or Other
Basis
(Exclude land)
4. Depreciation
Allowed (or
allowable) in
Prior Years
5. Method of
Computation
6. Rate (%)
or Life
(years)
7. Depreciation
This Vear
1. Total
3. Balance — Enter here and on line 21, page
1
V
FACSIMILES OF FORMS USED, 1960
173
Schedule H.— SUMMARY OF DEPRECIATION AND AMORTIZATION SCHEDULES
Pgg«3
Straight line method
(a) Assets acquired prior to 1/1/54.
(b) Assets acquired after 12/31/53.
Declining balance method
Sum of the years-digits method
Based rn units of production
Addl. 1st year (Sec. 179)
Other methods
Total depreciation claimed
8. Emergency facilities
9. Grain storage facilities
10. Research or experimental expenditures. . . .
11. Exploration and development expenditures .
12. Organizational expenditures
13. Trademark and trade name expenditures. .
14. Total amortization claimed
Schedule I.— SPECIAL DEDUCTIONS
1. Partially tax-exempt interest (See Instruction 5)
2. Dividends-received:
(a) 85 percent of column 2, Schedule C
(b) 62.1 15 percent of column 3, Schedule C
(c) 85 percent of dividends received from certain foreign corporations .
3. Total dividends-received deductions (sum of lines 2 (a), (b), and (c) but not to exceed 85 percent of the excess
of line 27, page 1 over the sum of lines 1 and 5). (See Instructions in case of net operating loss or if the
corporation is a small business investment company.)
4.
5.
6.
Dividends paid on certain preferred stock of public utilities (See Instructions in car* of net operating loss) .
Western Hemisphere trade corporations (See Instructions in case of net operating loss)
Total special deductions (enter here and on line 30, page 1)
TAX COMPUTATION SCHEDULE
(a) Line 31, page 1 (b) plus line 1, Schedule I Enter total here ->
If amount of line 1 is:
(a) Not over $25,000 — Enter 30 percent of line 1 (32 percent if a consolidated return)
(b) Over $25,000 — Enter 52 percent of line 1 (54 percent if a consolidated return) . .1... __.
Subtract $5,500, and enter difference j 5 , 500 . 00
Adjustment for partially tax-exempt interest. Enter 30 percent of line 1 (b), but not in excess of 30 percent of line 1 . .
Normal tax and surtax (line 2 less line 3)
Income tax (line 4, or line 22 of separate Schedule D)
Credit allowed a domestic corporation for income taxes paid to a foreign country or
United States possession (attach Form 1118)
Balance of income tax (line 5 less line 6)
Tax under section 541 of the Internal Revenue Code (from Schedule 1 120 PH)
Total income tax (line 7 plus line 8). Enter here and on line 32, page 1
H. Date incorporated .
I. Did the corporation at any time daring the taxable year own
directly or indirectly 50 percent or more of the voting stock of
a domestic corporation? , . Yes Q No Q
Did any corporation, individual, partnership, trust, or association
at any time during taxable year own directly or indirectly 50
percent or more of the corporation's voting stock?. Yes D No Q
If either answer is "Yes," attach separate schedule showing:
(1) name and address;
(2) percentage owned;
(3) date acquired; 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.
J. Were Forms 1096 and 1099 filed for the calendar year 1960 in
connection with:
Taxable dividends Yes Q No U
Other payments Yes □ No □
K. Did you have any contracts or subcontracts subject to the
Renegotiation Act of 1951 Yes □ No D
If "Yes," See Instruction G(4) and enter amount here
L. Did you at any time during the year own directly or indirectly
any stock of a foreign corporation? Yes D No D
If "Yes," attach statement as required by Instruction K.
M. Amount of income (or deficit) for: 1957
1958 ' fc 1959 '.
N. If a cooperative association, check type:
(1) □ farmers' purchasing or marketing; (2) □ consumers^
or (3) □ other.
O. Did you claim a deduction for expenses connected with: (If answer
to any question is "Yes," check applicable boxes within that
question.)
(1) A hunting lodge □, working ranch or farm □, fishing
camp □, resort property □, pleasure boat or yacht □, or other
similar facility □? (Other than where the operation of the
facility was the principal business.) Yes □ No Q
(2) The leasing, renting, or ownership of a hotel room or
suite □, apartment □, or other dwelling □, which was used by
customers or employees or members of their families? (Other than
use by employees while in business travel status.) Yes D No □
(3) The attendance of your employees' families at conventions
or business meetings. Yes □ No □
(4) Vacations for employees or members of their families?
(Other than vacation pay reported on Form W-2) Yes □ No Q
174
FACSIMILES OF FORMS USED, 1960
Pgq« 4
Schedule L.— BALANCE SHEETS (See Instructions)
Beginning of Taxable Year
End of Taxable Year
ASSETS
Amount
Total
Amount
Total
1. Cash
V
V
k"
2. Gov't, obligations: (a) U.S. and instrumentalities;
4. Inventories: (a) Other than last-in, first-out
(b) Last-in, first-out
5. Other current assets including short term marketable
!_
•
V
9. Buildings and other fixed depreciable assets
(a) Less: Accumulated amortization and depreciation .
V
(a) Less: Accumulated amortization
13. Other assets (Attach schedule)
v^
LIABILITIES AND CAPITAL
V
V
17. Bonds, notes, and mortgages payable (maturing less
than one year from date of balance sheet)
V
18. Other current liabilities (Attach schedule)
\S
V
20. Bonds, notes, and mortgages payable (maturing one
year or more from date of balance sheet)
V
V
(b) Common stock
V
V
V
\s
26. Total Liabilities and Capital
V
Schedule M.— RECONCILIATION OF TAXAELE 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 27, page 1) . . .
3. Nontaxable interest on:
(a) Obligations of a State, terri-
tory, or a possession of the
United States, or any political
subdivision of any of the fore-
going, or the Dist. of Columbia .
(b) Obligationsofthe 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)
6. Adjustments for tax purposes not
recorded on books (Attach sch.) . .
7. Sundry credits to earned surplus
(Attach schedule)
8. Total of lines 1 to 7
V
9. Total distributions to stockholders charged to earned
surplus during the taxable year: (a) Cash
(b) Stock of the corporation
(c) Other property (Attach schedule)
10. Contributions in excess of 5% limitation
11. Federal income and excess profits taxes
12. Income taxes of foreign countries or United States
possessions if claimed as a credit in whole or in
part on line 6, page 3 Tax Computation
13. Insurance premiums paid on the life of any of f icer or em-
ployee where the corporation is directly or indi-
rectly a beneficiary
14. Unallowable interest incurred to purchase or carry
tax-exempt interest obligations
15. Excess of capital losses over capital gains
16. Additions to surplus reservec (Attach schedule)
17. Other unallowable deductions (Attach schedule). . . .
18. Adjustments for tax purposes not recorded on books
(Attach schedule)
19. Sundry debits to earned surplus (Attach schedule). . .
20. Total of lines 9 to 19
21. Earned surplus and undivided profits at end of the
taxable year (Schedule L) (Line 8 less line 20) . . .
FACSIMILES OF FORMS USED, 1960
175
PAGE 1
How To Prepare Your I960 Corporation
Income Tax Return on form 1120
(References are to the Internal
Revenue Code).
Note: All foreign corporations, whether resident or nonresident, file Form 1120-F. See General Instruction H.
GENERAL INSTRUCTIONS
A. Corporations required to make a return on Form 1120.—
Every domestic corporation not expressly exempt from taxation
under chapter 1 (Section 501), whether or not having any tax-
able income, must file a return. The term "corporation" is de-
fined by the Code to include associations, joint-stock companies,
and insurance companies.
Partnerships and proprietorships may elect to be taxed as
domestic corporations if an election is made not later than 60
days after the close of the taxable year and if certain qualifications
are met. (Section 1361.) If the return is filed by a proprietor-
ship or partnership, electing to be taxed as a corporation under
section 1361, it must be signed by the proprietor or a partner.
If a receiver, trustee in dissolution, trustee in bankruptcy, or
assignee has possession of or holds title to all or substantially all
the property or business of a corporation, whether or not the
property or business is being operated, he must make a return of
income for the corporation in the same manner and form required
of other corporations. (Section 6012.)
A mutual savings bank not having capital stock represented
by shares; a domestic building and loan association, a domestic
savings and loan association, a Federal savings and loan associa-
tion, substantially all the business of which is confined to mailing
loans to members; and a cooperative bank without capital stock,
operated for mutual purposes and without profit, are subject
to income tax and must file returns.
B. Period to be covered by return. — Returns shall be filed for
the calendar year 1960 or fiscal year beginning in 1960 and ending
in 1961. A fiscal year is an accounting period of 12 months
ending on the last day of a calendar month other than December,
but if a taxpayer has made the election provided in section 441 (f ),
the term "fiscal year" means an annual period varying from 52
to 53 weeks. If a taxpayer has no annual accounting period, or
keeps no books, or has an accounting period which does not
qualify as a fiscal year, the return must be filed for the calendar
year, except as provided in section 443.
For the procedure to follow in changing an established account-
ing period, see your District Director.
C. Accounting methods. — Taxable income shall be computed
in accordance with the method of accounting regularly used by
the taxpayer in maintaining its books and records. In all cases
the method adopted should clearly reflect taxable income. The
basic methods of accounting are the "cash receipts and disburse-
ments method" and the "accrual method." Section 446 permits
the use of these methods or any other method permitted under the
Code or any combination of these methods in accordance with reg-
ulations. If a taxpayer engages in more than one trade or business,
it may, with respect to each trade or business, use a different
method of accounting. Each method must, however, clearly
reflect the income of the particular trade or business with which
it is used, and separate profit and loss statements for each trade or
business must be submitted. Except in those cases where the law
specifically permits it, a taxpayer may not change the method
of accounting upon the basis of which it has reported its income in
prior years (for its income as a whole or with respect to any sepa-
rate trade or business) without first securing consent. For proce-
dure to be followed in securing consent, see your District Director.
Cash receipts and disbursements method. — Under this method,
a taxpayer includes all items of taxable income (whether cash,
property, or services) in the year when it is actually or construc-
tively received and claims as deductible expenses only those
expenses actually paid. Income is constructively received when
the amount is credited to the taxpayer's account, or set aside
for it, and is unconditionally subject to its command. This in-
cludes uncashed checks, bank interest credited, matured bond
coupons, and other similar items which can be immediately turned
into cash. Do not deduct capital expenditures.
oS9— 16— 76151-1
Accrual method. — Under this method income is reported in
the year when the taxpayer first has a definite right to Income,
the amount of which can be ascertained with reasonable accuracy
while deductions are taken in the year in which there is first estab-
lished a specific liability, the amount of which can be ascertained
with reasonable accuracy. Where the right to income or the
liability for expense is uncertain, or the amount of such income
or expense cannot be ascertained with reasonable accuracy, accrual
is generally postponed until a determination is possible.
Other methods. — Separate provisions are contained in section
453 for installment method of accounting. For other information
on accounting methods, see your District Director.
Rounding off to whole-dollar amounts. — If you wish, the money
items on your return or accompanying schedules required by such
return may be shown as whole-dollar amounts. This means that
you eliminate any amount less than 50 cents, and increase any
amount from 50 cents through 99 cents to the next highest dollar.
t>. Filing of return and payment of tax. — Returns of corpora-
tions must be filed on or before the 15th day of the third month
following the close of the taxable year with the District Director
of Internal Revenue for the district in which the corporation's
principal place of business or principal office or agency is located.
(Section 6072.)
Request for automatic extension of 3 months for filing of return
must be made on Form 7004. (Section 6081 (b) .)
The balance of tax due as shown on line 34, page 1 of the return,
must be paid in full when the return is filed or in two installments,
50 percent on or before the 15th day of the third month and 50
percent on or before the 15th day of the sixth month following the
close of the taxable year.
If any installment is not paid on or before the date fixed for
its payment, the whole amount of the tax unpaid shall be paid
upon notice and demand by the District Director. The tax may
be paid in cash or,by check or money order drawn to the order
of "Internal Revenue Service." Cash payment should be made
only in person at the District Director's office.v
A declaration of estimated tax must be made by every corpora-
tion which is subject to income tax under section 11 or 1201 (a),
or subchapter L of chapter 1 (relating to insurance companies),
if its income tax for the taxable year can reasonably be expected to
exceed $100,000 plus the amount of any estimated credits against
tax. (See Form 1 120-ES.) In the case of affiliated corporations
filing a consolidated return, see consolidated return regulations
prescribed under section 1502.
Additional, charge for underpayment of estimated tax. — Under-
payment of installments of estimated tax will result in additional
charges for the period from the due date of each installment until
paid, or until the due date for filing the tax return, whichever
is the earlier.
The charge* with respect to any underpayment of any install-
ment is mandatory and will be made unless the exceptions specified
in section 6655 (d) are applicable.
If you have an underpayment of estimated tax and believe the
additional charge should not be asserted due to the applicability
of the "relief provisions" of section 6655 (d), attach a statement
to your return explaining which of the provisions applies to you,
showing any necessary computations. If you wish, you may
obtain Form 2220 from the nearest Internal Revenue Service office
for this purpose.
E. Signature and verification. — The return must be signed either
by the president, vice-president, treasurer, assistant treasurer or
chief accounting officer, or by any other corporate officer (such as
tax officer) who is authorized to sign. A receiver, trustee, or as-
signee must sign any return which he is required to file on behalf of
Instructions — Form 1120 (I960)
176
FACSIMILES OF FORMS USED, 1960
PAGE 2
a corporation. The return must also be signed by any person,
firm, or corporation who prepared the taxpayer's return for com-
pensation. If the return is prepared by a firm or corporation, it
should be signed in the name of the firm or corporation. This
verification is not required if the return is prepared by a regular,
full-time employee of the taxpayer.
F. Failure to file, etc. — Substantial additions to the tax are
imposed for failing to file a return, for late filing, and for fifing
a false or fraudulent return.
G-(l). Information at the source. — Every corporation making
payments in the course of its trade or business of ( 1 ) interest, rents,
commissions, or other fixed or determinable Income of $600 or
more during the calendar year 1960 to an individual, a partnership,
or a fiduciary, or ( 2 ) salaries or wages of $600 or more shall make
returns on Forms 1096 and 1099, except that the making of such
returns will not be required with respect to salary or wage pay-
ments included on Form W-2, provided copies of withholding
statements on Form W-2 are furnished. If a portion of such
salary or wage payments was reported on a Withholding Statement
(Form W-2), only the remainder must be reported on Form 1099.
Except as stated below, the returns on Forms 1096 and 1099
shall also include dividend payments totaling $10 or more during
the calendar year 1960 to each shareholder who is an individual
(citizen or resident of the United States), a resident fiduciary, or
a resident partnership any member of which is a citizen or resident.
In the case of payments by a building and loan association, a
cooperative bank, a homestead association, a credit union, or a
savings and loan association, such total shall be $600 or more. In
the case of payments by a corporation described in sections 501 (c)
(12), (15), (16), 521 and 522, or in the case of a national farm
loan association or a production credit association, such total shall
be $100 or more.
The returns on Forms 1096 and 1099 shall also include (except
in the case of insurance companies taxable under Subchapter L
and corporations exempt under section 501 (c) (12) or (15))
patronage dividends, rebates, and refunds totaling $100 or more
during the calendar year 1960, whether in cash, merchandise,
capital stock, revolving fund certificates, retain certificates, certifi-
cates of indebtedness, letters of advice, or in some other manner.
G-(2). Information regarding dissolution or liquidation. —
Every corporation shall, within 30 days after the adoption by the1
corporation of a resolution or plan for the dissolution of the cor-
poration or for the liquidation of the whole or any part of its
capital stock, render a correct return on Form 966 setting forth
the terms of such resolution or plan.
Every corporation making distributions in liquidation of the
whole or any part of its capital stock shall also make returns on
Forms 1096 and 1099L, as required by instructions on Form 1096,
for the calendar year 1960.
G-(3). Certain transfers -of property on or after January 1,
1951. — Under certain circumstances the $25,000 exemption from
surtax and the $100,000 accumulated earnings credit are not
allowed or may be reduced to a lesser figure. Section 1551 pro-
vides that if a corporation on or after January 1, 1951, transfers
all or part of its property (other than money) to another corpora-
tion which was created for the purpose of acquiring such property
or which was not actively engaged in business at the time of such
acquisition and if after such transfer the transferor corporation or
its stockholders, or both, are in control of such transferee corpora-
tion during any part of the taxable year of such transferee cor-
poration, the transferee corporation shall not for such taxable year
(except as may be otherwise determined under section 269 (b) )
be allowed either the $25,000 exemption from surtax" provided in
section 11 (c) or the $100,000 accumulated earnings credit pro-
vided in section 535 (c), unless such transferee corporation shall
establish by the clear preponderance of the evidence that the se-
curing of such exemption or credit was not a major purpose of
such transfer. For the purposes of section 1551, control means
the ownership of stock possessing at least 80 percent of the total
combined voting power of all classes of stock entitled to vote or at
least 80 percent of the total value of shares of all classes of stock
of the corporation. Rules are provided in sections 544 and 1551
for determining ownership of stock. For allocation of the surtax
exemption and the accumulated earnings credit in certain cases,
see section 269 (b).
G-(4). Information regarding renegotiable contracts. — Every
corporation which held, during the taxable year, contracts or sub-
contracts which were subject to the Renegotiation Act of 1951
shall, in answer to question K, page 3, state the actual1 or, if not
accurately determinable, its best estimate of the aggregate gross
dollar amount billed during the current taxable year under all con-
tracts and/or subcontracts.
H. Returns of certain corporations. Domestic corporations
entitled to benefits of section 931. — Domestic corporations within
the possessions of the United States (exaept the Virgin Islands)
may report as gross income only gross income from sources within
the United States, provided (a) 80 percent or more of the gross
income for the 3-year period immediately preceding the close of
the taxable year (or such part thereof as may be applicable) was
derived from sources within a possession of the United States, and
(6) 50 percent or more of the gross income for such period or
such part thereof was derived from the active conduct of a trade
or business within a possession of the United States.
Foreign corporations. — Foreign corporations whether or not
engaged in trade or business within the United States shall make
returns on Form 1120— F of income derived from sources within
the United States. (See sections 861 through 864, and 882.)
Insurance companies. — Life insurance companies subject to
tax imposed by section 802 shall make returns on Form 1120L.
Mutual insurance companies subject to tax imposed by section 821
shall make returns on Form 1120M. Insurance companies de-
scribed in section 831, and mutual savings banks described in
section 594 and conducting life insurance business, shall make
returns on Form 1 1 20. There should be filed with the return
a copy of the 1960 annual statement approved by the National
Association of Insurance Commissioners which contains the under-
writing and investment exhibit.
Regulated investment companies. — If for any given year the
investment company satisfies the requirements of section 851 it
will be considered a regulated investment company for that year.
Personal holding companies. — Section 541 imposes a tax upon
the undistributed personal holding company income (as defined
in section 545) of corporations classified as personal holding
companies. Every personal holding company must file a schedule
1 1 20PH with its return on Form 1 1 20.
Under the provisions of section 542, a corporation is a "personal
holding company" if at least 80 percent of its gross income for the
taxable year is personal holding company income as defined in
section 543, and if at any time during the last half of the taxable
year more than 50 percent in value of its outstanding stock is
owned, directly or indirectly, by or for not more than five indi-
viduals. (Sections 541-547.)
Foreign personal holding companies. — Section 551 (a) requires
that the undistributed foreign personal holding company income
of a foreign personal holding company, as defined in section 552,
shall be included as a dividend in the gross income of the United
States shareholders in the amount provided by subsection (b) .
Schedule 1120PH is not required, but information returns on
Forms 957 and 958 must be filed by the officers, directors, and
certain United States shareholders as provided by section 6035
and the regulations thereunder.
A foreign corporation which is a personal holding company, as
defined in section 542 but not within the definition of section 552,
is subject to the tax imposed by section 541 on undistributed per-
sonal holding company income and must file a schedule 1120PH
with its return.
Exempt organizations. — Section 511 imposes a tax upon the in-
come derived from an unrelated trade or business of certain
exempt organizations. Every such organization subject to this tax
must file a Form 990-T.
Exempt farmers' cooperatives. — Section 522 imposes a tax upon
certain cooperatives exempt under section 521. Every such
organization subject to tax must file Form 990-C.
Small business corporations. — Corporations which qualify and
elect under section 1372 (a) to have their taxable income taxed
directly to the shareholders (rather than to the corporation), must
file Form 1120— S, instead of Form 1120. To qualify for this
treatment, a company must be a domestic corporation which is
not a member of an affiliated group (as defined in section 1504)
and which does not have (1) more than 10 shareholders; (2) a
shareholder (other than an estate) who is not an individual; (3) a
shareholder who is a nonresident alien; and (4) more than one
class of stock. The election, accompanied by the written consent
of all shareholders, must be completed and filed for any calendar
year during (a) the first calendar month of such taxable year, or
(b) the calendar month preceding such first calendar month.
Form 2553 is provided for this purpose. cso— is— 7om-i
FACSIMILES OF FORMS USED, 1960
177
I. Consolidated returns. — Subject to the provisions of sections
1501 through 1552 and the regulations, an affiliated group of cor-
porations may make a consolidated income tax return in lieu of
separate returns. The making of a consolidated return shall be
upon the condition that all corporations which at any time during
the taxable year have been members of the affiliated group consent
to all the consolidated return regulations prescribed under section
1502 prior to the last day prescribed by law for the filing of such
return. The common parent corporation, when filing a consoli-
dated return, shall attach thereto a schedule showing the names
and addresses of all the corporations included in the return. Form
851, Affiliations Schedule, should be obtained from the District
Director of Internal Revenue and filed as a part of the return.
Each subsidiary must prepare two signed copies of Form 1122
authorizing the making of the return on its behalf. One such form
shall be attached to the consolidated return as a part thereof, and
the other shall be filed, at or before the time the consolidated
return is filed, in the office of the District Director for the sub-
sidiary's district.
Supporting schedules shall be filed with the consolidated return.
These schedules shall be prepared in columnar form, one column
being provided for each corporation included in the consolidation,
showing in detail the items of gross income and deductions and
the computation of taxable income ; one column for a total of like
items before adjustments are made ; one column for intercompany
eliminations and adjustments; and- one column for a total of like
items after giving effect to the eliminations and adjustments. The
items included in the column for eliminations and adjustments
should be symbolized to identify contra items affected, and suitable
explanations appended, if necessary. Similar schedules shall also
contain in columnar form a reconciliation of surplus for each cor-
poration, together with a reconciliation of the consolidated surplus.
A schedule which sets forth the basis of property transferred to or
received from an affiliated, subsidiary, or parent corporation must
also be attached.
Consolidated balance sheets as of the beginning and close of the
taxable year of the group shall accompany the consolidated return
in a form similar to that required for reconciliation of surplus.
J. Tax on improperly accumulated earnings.— In order to pre-
vent accumulation of earnings and profits for the purpose of
enabling shareholders to avoid the tax on individuals, section 531
provides an additional tax upon the accumulated taxable income
of corporations formed or availed of for the purpose of such tax
avoidance.
K. Stock ownership in foreign corporations. — In addition to the
information to be shown in Schedule C of the return, a corporation
owning directly or indirectly any stock of a foreign corporation
PAGE 3
must attach a statement showing the name and address of each
company and the total number of shares of each class of outstand-
ing stock owned during the taxable year. If the corporation owned
5 percent or more in value of the outstanding stock of a foreign
personal holding company, attach a statement setting forth in
complete detail the information required by section 551 (d).
L. Balance sheets. — The balance sheets, Schedule L, should
agree with the books of account or any differences should be recon-
ciled. The balance sheets for a consolidated return of affiliated
corporations should be furnished in accordance with Instruction I.
All corporations reporting to the Interstate Commerce Commis-
sion or to any National, State, municipal, or other public officer,
may submit, in lieu of Schedule L, copies of their balance sheets
prescribed by such authorities as at the beginning and end of the
taxable year.
Line 11, Schedule L, should show land less any accumulated
amortization of the land as an emergency facility under the author-
ity of section 168.
Line 16, Schedule L, should be used by banks, building and
loan associations, and other financial institutions to report demand
and time deposits of customers, including withdrawable shares,
share accounts, and investment certificates.
M. Forms other than prescribed by return. — Banks, insurance
companies, and other corporations required to submit substan-
tially similar statements of income and expenses to any National,
State, municipal, or other public officer may submit with the
return a statement of income and expenses in the form furnished
to such officer, in lieu of the information requested in lines 1 to 3 1 ,
page 1, except that a railroad company may submit with the
return a statement on Form 1090. In such cases the taxable
income will be reconciled by means of Schedule M with the net
profits shown by the income and expense statement submitted,
and should be entered as line 31, page 1.
N. Attachments. — Attachments may be used in the preparation
of your return and supplemental schedules, provided they contain
all of the required information and that summarized totals of the
items shown in the attachments are entered on the return and
schedules. This does not apply to any tax computation portion
of a form or schedule.
O. Total assets. — Enter the total assets as of the end of the
taxable year as shown on line 13, Schedule L. In the event there
are no assets at the end of the taxable year, show the total assets
as of the beginning of the taxable year.
SPECIFIC INSTRUCTIONS (Numbered to correspond with the line numbers on page 1)
2. Cost of goods sold. — If the production, manufacture, pur-
chase, or sale of merchandise is an income-determining factor in
the trade or business, inventories of merchandise on hand should
be taken at the beginning and end of the taxable year, and may
be valued at cost, or at cost or market, whichever is lower, or by
any other permissible method.
An inventory method once properly adopted is controlling until
permission to change is obtained from the Commissioner. Appli-
cation for permission to change an inventory method shall be
made in writing and filed with the Commissioner within 90 days
after the beginning of the taxable year in which it is desired to
effect a change. In case the inventories reported do not agree with
the balance sheet, attach a statement explaining the difference.
A corporation electing to use the last-in, first-out method of
valuing inventory provided for in section 472 must file Form 970
with the return for the first year of the election. Thereafter,
attach separate schedule showing: (1) a summary of all inven-
tories ; (2) with respect to any inventories computed under section
472, the computation of the quantities and cost by acquisition
levels.
Cost of operations (where inventories are not an income-
determining factor).— If the amount entered on line 2 includes
an amount applicable to cost of operations, attach a schedule
showing: (1) Salaries and wages; and (2) other costs in detail.
5. Interest on obligations of the United States, etc. — Enter the
interest on line 5; and in Schedule L, the amounts of the various
obligations owned. Also enter on line 3, Schedule M, all interest
received or accrued during the year on the various obligations
listed therein. The net amount of interest reported on line 5 (a)
is also allowable as a deduction. See the instructions for Sched-
ule I. The amount of interest received or accrued on obligations
issued after February 28, 1941, by the United States or any
agency or instrumentality thereof should be entered on line 5 (b).
For provisions relating to amortizable bond premiums, see sec-
tion 171.
For special rules applicable to dealers in securities, with respect
to premium attributable to certain tax-exempt securities, see sec-
tion 75.
Non-interest-bearing obligations issued at a discount. — Tax-
payers on the cash basis may elect, as to all non-interest-bearing
obligations issued at a discount and redeemable for fixed amounts
increasing at stated intervals (for example, United States Savings
Bonds), to include the increase in redemption price applicable to
the current year. For the year of election the total increase in
redemption price of such obligations occurring between the date
of acquisition and the end of the year must be included. Attach
statement listing obligations owned and computation of the in-
crease. (Section 454.)
6. Other interest. — Enter on line 6, the amount of interest on
loans, notes, mortgages, bonds, bank deposits, corporate bonds,
etc. The term "corporate bonds" includes bonds, debentures,
notes, certificates of indebtedness, or other evidences of indebt-
edness issued by any corporation and bearing interest, with inter-
est coupons or in registered form. For provisions relating to
amortizable bond premium, see section 171.
7. (a) Rents. — Enter the gross amount received for the rent of
property. Any expenses, including repairs, interest, taxes, and
depreciation should be included in the proper lines for deduc-
tions. In the case of a lease entered into prior to January 1,
1954, if both lessor and lessee are corporations and if under the
lease the lessee is obligated to pay any part of the lessor's income
tax on the rental payment, this tax is excluded from lessor's gross
income and may not be deducted by lessee. (Section 110.)
069—18—78151-1
178
FACSIMILES OF FORMS USED, 1960
PAGE 4
(fc) Royalties. — Enter the gross amount received as royalties.
If a deduction is claimed for depletion, it must be reported on
line 22.
8. Gains and losses from sales or exchanges of capital assets
and other property. — The computation of gains and losses from
sales or exchanges of capital assets and property other than capital
assets should be made on separate Schedule D and filed with
Form 1120. Every sale or exchange of property, even though no
gain or loss is indicated, must be reported in detail. If for any
taxable year the net long-term capital gain exceeds the net short-
term capital loss, or in case of only a net long-term capital gain,
a computation of the alternative tax should be made on separate
Schedule D.
9. Other income. — Enter total amount of other income not
reported elsewhere in the return and attach schedule showing
details.
13. Repairs. — Enter the cost of incidental repairs, including
labor, supplies, and other items, which do not add to the value or
appreciably prolong the life of the property. Expenditures for
new buildings, machinery, equipment, or for permanent improve-
ments or betterments which increase the value of the property are
chargeable to capital account.
14. Bad debts. — Bad debts may be treated in either of two
ways — (1) by a deduction from income in respect of debts which
become worthless in whole or in part, or ( 2 ) by a deduction from
income of a reasonable addition to a reserve for bad debts. (Sec-
tion 166.)
A taxpayer filing a first return of income may select either of
the two methods, and that method must be followed for subse-
quent years, unless permission is granted by the Commissioner
to change to the other method. Application for permission to
change the method shall be made in writing at least 30 days prior
to the close of the taxable year for which it is desired to effect
the change.
Worthless debts arising from unpaid rents, and similar items of
taxable income, will not be allowed as a deduction unless the
income such items represent has been included in the return of
income for the year for which the bad debt deduction is claimed,
or for a previous year.
For treatment of bad debts of a mutual savings bank not having
capital stock represented by shares, a domestic building and loan
association, and a cooperative bank without capital stock organized
and operated for mutual purposes and without profit, see section
593 and the regulations thereunder.
15. Rents. — Enter rent paid or accrued for business property
in which the corporation has no equity. With respect to leases
entered into prior to January 1, 1954, see instruction No. 7(a).
16. Taxes. — Enter taxes paid or accrued during the taxable
year. Do not include Federal income, war-profits, and excess-
profits taxes; estate, inheritance, legacy, succession, and gift
taxes; foreign or United States possession income taxes if any
credit is claimed in line 6 (tax computation) ; Federal taxes paid
on bonds containing a tax-free covenant, nor taxes not imposed
upon the taxpayer. See section 164 (d) regarding apportionment
of taxes on real property between seller and purchaser.
17. Interest. — Enter interest paid or accrued on business in-
debtedness. Do not include interest on indebtedness incurred or
continued to purchase or carry obligations (other than obligations
of the United States issued after September 24, 1917, and origin-
ally subscribed for by the taxpayer) the interest on which is wholly
exempt from income tax. (Section 265.)
See section 267 for limitation on deductions for unpaid expenses
and interest in the case of transactions between related taxpayers.
18. Contributions or gifts paid. — Enter contributions or gifts
actually paid within the taxable year to or for the use of ( 1 ) a
State, a possession of the United States, or any political sub-
division of any of the foregoing, or the United States or the
District of Columbia' for exclusively public purposes; (2) a
corporation, trust, or community chest, fund, or foundation, created
or organized in the United States or in any possession thereof or
under the law of the United States, or of any State, or of the
District of Columbia, or of any possession of the United States,
organized and operated exclusively for religious, charitable,
scientific, literary, or educational purposes or the prevention of
cruelty to children or animals (but in the case of contributions or
gifts to a trust, chest, fund, or foundation only if such contribu-
tions or gifts are to be used within the United States or any of its
possessions exclusively for such purposes), no part of the net earn-
ings of which inures to the benefit of any private shareholder or
individual, and no substantial part of the activities of which is
carrying on propaganda, or otherwise attempting to influence leg-
islation; (3) posts or organizations of war veterans, or auxiliary
units of, or trusts or foundations for, any such posts or organiza-
tions, if such posts, organizations, units, trusts, or foundations are
organized in the United States or any of its possessions, and if no
part of their net earnings inures to the benefit of any private share-
holder or individual; or (4) nonprofit cemetery or burial com-
panies. The amount claimed shall not exceed 5 percent of the
corporation's taxable income computed without regard to ( 1 )
this deduction, (2) the "special deductions" in line 30, and
(3) any net operating loss carryback to the taxable year under
section 172.
In the case of a corporation on the accrual basis, any contribu-
tion or gift will, at the election of the taxpayer made at the time
the return is filed, be considered as paid during the taxable year
if payment is actually made on or before the fifteenth day of the
third month following the close of the taxable year, and if the
contribution or gift has during the taxable year been authorized
by the board of directors of the corporation. A copy of such
authorization must be attached to the return.
Do not deduct as a business expense charitable contributions
which come within the above description, but which are unallow-
able in whole or in part because of the limitation contained in
section 170. (Section 162 (b).)
Any contributions paid during the taxable year in excess of the
amount deductible may be carried over and deducted in the two
succeeding taxable years subject to the 5 percent limitation pro-
vided in section 170 (b) (2). In a taxable year to which there is
a net operating loss carryover and charitable contributions in
excess of the amount deductible (or a charitable contribution
carryover from a preceding taxable year), see section 170 (b) (3).
Attach a schedule showing the name and address of each or-
ganization and the amount paid. If there is included a contribu-
tion carryover, show the amount and how the carryover was
determined.
19. Losses by fire, storm, shipwreck, or other casualty, or theft. —
Enter losses sustained during the year, arising from fire, storm,
shipwreck, or other casualty. For determination of the amount
deductible, see section 165- (b). Theft losses are deductible only
in the year in which discovered.
20. Amortization. — If a deduction is claimed on account of
amortization, attach a schedule showing: (1) A description of
the facilities or expenditures being amortized; (2) date acquired,
completed, or expended; (3) amount being amortized; (4) amor-
tization deducted in prior years; (5) amortization period (num-
ber of months); (6) amortization for this year; and (7) the
total amount of amortization less the amount claimed in Schedule
A and elsewhere on the return. A summary of the total amor-
tization for each facility or expenditure must be shown in
Schedule H.
The law makes special provisions for amortization of the
following kinds of assets and expenditures:
(a) Emergency facilities.— Section 168;
(fc) Grain storage facilities. — Section 169;
(c) Research and experimental expenditures. — Section 174;
(d) Exploration expenditures. — Section 615;
(«) Development expenditures. — Section 616;
(/) Organizational expenses. — Section 248; and
(g) Trade-mark and trade-name expenditures. — Section 177.
For details concerning the information which must be furnished
in the statements of election required by these sections, consult
your District Director.
21. Depreciation. — If a deduction is claimed on account of
depreciation, fill in Schedule G. A reasonable allowance for the
exhaustion, wear and tear, and obsolescence of property used in
the trade or business or of property held by the taxpayer for the
production of income shall be allowed as a depreciation deduction.
(Section 167.) The allowance does not apply to inventories or
stock-in-trade nor to land apart from the improvements or physical
developments added to it. Depreciation on leasehold improve-
ments, patents and copyrights shall be included in Schedule G.
The useful life of an asset can be measured in units of produc-
tion, etc., but the ordinary practice is to measure useful life in
years. Business experience, engineering information, and other
relevant factors provide a reasonable basis for estimating the useful
life of property. The cost (or other basis) to be recovered should
be charged off over the expected life of the property to the tax-
payer. For guidance, comprehensive tables of "average useful
lives" of various kinds of buildings, machines, and equipment in
many industries and businesses have been published in a booklet
called Bulletin F, which may be purchased for 30 cents from the
Superintendent of Documents, Government Printing Office, Wash-
ington 25, D. C. A brief description of the various methods of de-
preciation follows: c69— 16— 701S1-1
FACSIMILES OF FORMS USED, 1960
179
(a) Straight line method. — The most common method of com-
puting depreciation is the "straight line" method. It allows for
the recovery of cost in equal annual amounts over the estimated
useful life of the property, with only salvage value remaining at
the end of its useful life. To compute the deduction, add the
cost of improvements to the cost (or other basis) of the asset and
deduct both the estimated salvage value and the total depreciation
allowed or allowable in past years. Divide the result by the num-
ber of years of useful life remaining to the asset — the quotient is
the depreciation deduction.
(b) Declining balance method, — Under this method a uniform
rate is .applied each year to the remaining cost or other basis of
property (without adjustment for salvage value) determined at
the beginning of such year. For property acquired before Jan-
uary 1, 1954, or used property whenever acquired, the rate of
depreciation under this method may not exceed one and one-half
times the applicable straight-line rate.
(c) Special rules for new assets acquired after December 31,
1953. — The cost or other basis of an asset acquired after Decem-
ber 31, 1953, may be depreciated under methods proper in the
past; or, it may be depreciated under any of the following methods
provided (1) that the asset is tangible, (2) that it has an estimated
useful life of three years or more to the taxpayer, and ( 3 ) that the
original use of the asset commenced with the taxpayer and com-
menced after December 31, 1953. If an asset is constructed, re-
constructed, or erected by the taxpayer, so much of the basis of the
asset as is attributable to construction, reconstruction, or erection
after December 31, 1953, may be depreciated under methods
proper in the past; or, it may be depreciated under any of the fol-
lowing methods provided that the asset meets qualifications ( 1 )
and (2) above.
(/) Declining balance method. — This method may be used
with a rate not in excess of twice the applicable straight-line rate.
(2) Sum of the years-digit method. — Under this method annual
allowances for depreciation are computed by applying changing
fractions to the taxpayer's cost or other basis of property (reduced
by estimated salvage).
The deduction for each year is computed by multiplying the
cost or other basis of the asset (reduced by estimated salvage
value) by the number of years of useful life remaining (including
the year for which the deduction is computed) and dividing the
product by the sum of all the digits corresponding to the years
of the estimated useful life of the asset. In the case of a 5-year
life this sum would be 15 or (5+4+3 + 2 + 1). 'For the first year
five-fifteenths of the cost reduced by estimated salvage value would
be allowable, for the second year four-fifteenths, etc.
(3) Other methods. — A taxpayer may use any consistent method
which does not result in accumulated allowances at the end of
any year greater than the total of the accumulated allowances
which would have resulted from the use of the declining balance
method. This limitation applies only during the first two-thirds
of the useful life of the property.
(d) Section 179 — Additional first-year depreciation allow-
ance.— Corporations may elect to write off in the year of acquisi-
tion 20 percent of the cost of tangible personal property having
an aggregate value of not more than $10,000. For details which
must be furnished in the statement of election, see the regula-
tions under section 179. This additional first-year depreciation
is allowed in full for the first taxable year for which a deduction
is allowable under section 167, regardless of the date of acquisi-
tion. The cost of property does not include so much of the basis
of such property as is determined by reference to the basis of
other property held at any time by the person acquiring such
property. This additional depreciation is limited to property
acquired after December 31, 1957, with a remaining useful life of
6 years or more and which is not acquired from an affiliated cor-
poration (as defined in section 1504, except that "more than 50
percent" stock ownership is substituted for "at least 80 percent"
wherever it appears in section 1504 (a)). All members of the
affiliated group will be treated as one taxpayer, and the $10,000
limitation will be apportioned among the memSers in the
manner prescribed by regulations. Further, for this allow-
ance to apply in any case, the basis of the property must not be
determined in whole or in part by reference to the transferor's
basis. Depreciation on the remaining cost of the property may be
taken under any of the methods indicated above. The additional
first-year depreciation of an asset should be shown on a separate line
of the depreciation schedule rather than included on the line used
to show the regular depreciation of the asset.
A summary of the total depreciation for each method must be
shown in Schedule H.
22. Depletion. — If a deduction is claimed on account of deple-
PAGE 5
tion, procure from the District Director: Form M (mines and
other natural deposits), Form O (oil and gas), or Form T (tim-
ber), fill in and file with return. If complete valuation data
have been filed with questionnaire in previous years, then file
with your return information necessary to bring your depletion
schedule up to date, setting forth in full statement of all trans-
actions bearing on deductions from or additions to value of
physical assets during the taxable year with explanation of how
depletion deduction for the taxable year has been determined.
(Sections 611, 612, and 613.) Expenditures to be deferred and
deducted ratably under the election provided in sections 616 (b),
relating to certain expenditures in the development of mines, and
615 (b), relating to deductions for mine exploration, are not to
be taken into account in determining the adjusted basis for prop-
erty for the purpose of computing a deduction for depletion
under section 611.
23. Advertising. — Enter the total amount paid or incurred dur-
ing the year for advertising. Expenditures for advertising, to be
deductible, must be ordinary and necessary and bear a reasonable
relation to the business activities in which the corporation is
engaged.
24. Note : A form is available- to report the information re-
quired in (a) and (b) below for years other than the first year
a deduction is claimed. The Form 2950 may be obtained from
your District Director.
(a) Pension, profit-sharing, stock bonus, annuity plans. — Enter
on line 24 (a) the total amount deductible under section 404.
A corporation claiming a deduction under section 404 must sub-
mit with its return, in addition to the information specified in the
regulations concerning such deduction, a statement with respect
to each plan showing the type of plan, i. e., pension, profit-sharing,
stock bonus, annuity, or other plan deferring the receipt of com-
pensation, whether or not the plan is qualified under section 401
(a), and if trusteed, whether or not the trust is exempt under
section 501 (a), and the method of funding, i. e., individual
annuity or insurance contracts, group annuity contract,' group
permanent contract, or self-insured trust. If not funded, so indi-
cate. Contributions paid by an employer to or under a pension,
profit-sharing, stock bonus, annuity plan or compensation paid
or accrued on account of any employee under a plan deferring
the receipt of such compensation, are deductible only under sec-
tion 404, and are not deductible under section 162.
(b) Other employee benefit plans.' — Enter on line 24 (b)
deductions for contributions to employee benefit plans other
than those claimed on line 24 (a), such as insurance, health, or
welfare plans. Submit with the return a schedule for each plan
showing ( 1 ) the nature of benefits, i. e., group term life insurance,
group permanent life insurance, noninsured death benefit, hos-
pitalization, surgical, medical, sickness, accident, major medical
expense, unemployment benefit, or other welfare benefits; (2)
method of financing, i. e., insured, industry or areawide fund, self-
insured fund, or direct benefit payments; (3) the amount of de-
duction; (4) the amount of employee contributions; (5) the
number of employees covered; and (6) if a self-insured plan, the
amount of benefits paid during the taxable year. Also show the
number of employees employed by the corporation.
25. Other deductions authorized by law. — Enter any other au-
thorized deductions for which no space is provided on the return.
Any deduction claimed should be explained in an attached
schedule.
No deduction is allowable for the amount of any item or part
thereof allocable to a class of exempt income other than interest.
For nonallowance of interest on indebtedness incurred or con-
tinued to purchase or carry tax-exempt securities, see instruction
17. Items directly attributable to wholly exempt income shall
be allocated thereto, and items directly attributable to any class
of taxable income shall be allocated to such taxable income. If an
item is indirectly attributable both to taxable income and exempt
income, a reasonable proportion thereof, determined in the light
of all the facts and circumstances in each case, shall be allocated
to each. A taxpayer receiving any such exempt income, or hold-
ing any property or engaging in any activity the income from which
is exempt shall submit with its return as a part thereof an itemized
statement, in detail, showing ( 1 ) the amount of each class of
exempt income, and (2) the amount of expense items allocated
to each such class (the amount allocated by apportionment being
shown separately).
In the case of mutual savings banks, cooperative banks, and
domestic building and loan associations, any amounts paid or cred-
ited to the accounts of depositors or holders of accounts as divi-
dends on their deposits or withdrawable accounts, if such amounts
may be withdrawn on demand subject only to customary notice
059—16—76151-1
180
FACSIMILES OF FORMS USED, 1960
PAGE 6
of intention to withdraw, are allowable deductions in computing
taxable income. (Section 591.)
Under section 592 a special deduction in computing taxable
income is allowed a mutual savings bank not having capital stock
represented by shares, a domestic building and loan association,
or a cooperative bank without capital stock organized and operated
for mutual purposes and without profit, for repayment during the
taxable year of loans made before September 1, 1951, by the
United States or its wholly owned agencies, or by a mutual
fund established under the authority of State law.
28. Net operating loss deduction. — The "net operating loss
deduction" is the sum of the net operating loss carryovers and
Carrybacks to the taxable year. (Section 172 (a).) A net oper-
ating loss for taxable' years ending after December 31, 1957, may
be carried back 3 years and carried over 5 years. The net operat-
ing loss must first be carried to the earliest of the 8 taxable years
to which it may be carried, then to the next earliest year, etc. The
portion of such loss which shall be carried to each of the other 7
taxable years shall be the excess, if any, of the amount of such
loss over the sum of the taxable income for each of the prior taxable
years to which such loss may be carried. (Section 172 (b).)
The term "net operating loss" means, for taxable years ending
after December 31, 1953, the excess of allowable deductions over
gross income, computed with the following modifications:
(a) No net operating loss deduction is allowed.
(6) The special deductions provided in section 242 (partially
tax-exempt interest) and section 922 (Western Hemisphere trade
corporations) are not allowed.
(c) The special deductions allowed by section 243 (dividends
received by corporations), section 244 (dividends received on cer-
tain preferred stock of public utilities), and section 245 (dividends
received from certain foreign corporations) are computed without
regard to the 85-percent limitation provided in section 246 (b).
See section 1.172-2 of the regulations.
(d) The special deduction allowed by section 247 (dividends
paid on certain preferred stock of public utilities) is computed
without regard to the provisions of subsection (a) (1 ) (B) of such
section. (Section 172 (d).)
As stated, the net operating loss deduction is the sum of the
carryovers and carrybacks. However, the following modifications
must be taken into account in determining the taxable income
for any year which must be subtracted from a net operating loss
to determine the portion of such loss which will still be available
to carry to a subsequent year:
(a) The special deductions provided in sections 242 (partially
tax-exempt interest) and 922 (Western Hemisphere trade corpora-
tions) are not allowed.
(6) The amount of the net operating loss deduction is deter-
mined without regard to the net operating loss for the loss year or
any taxable year thereafter.
With respect to all taxable years, whether they begin before, on,
or after January 1, 1954, in determining the amount of any net
operating loss carryback or carryover to any taxable year, the
necessary computations involving any other taxable year must be
made under the law applicable to such other taxable year. (Sec-
tion 172 (e).)
If the corporation desires prompt adjustment for an overpay-
ment attributable to a net operating loss carryback, an appli-
cation for a tentative adjustment should be filed on Form 1 1 39
within 12 months after the close of the taxable year in which
the net operating loss is sustained. (Section 6411.)
For treatment of net operating loss carryovers in certain corpo-
rate acquisitions, see section 381.
For special limitation on net operating loss carryovers in case
of a corporate change of ownership, see section 382.
Section 852 (b) (2) provides that no net operating loss deduc-
tion shall be allowed in the case of a regulated investment
company.
30. Special deductions. — See the instructions for Schedule I.
EXPENSE ACCOUNT ALLOWANCES— SCHEDULE E, COLUMN 7
Expense account allowance means : ( 1 ) amounts, other than
compensation, received as advances or reimbursements, and (2)
amounts paid by or for the corporation, for expenses incurred by
or on behalf of an officer including all amounts charged through
any type of credit card.
However, this term does not include amounts paid for: (a) the
purchase of goods for resale or use in your business; (6) incidental
expenses, such as the purchase of office supplies for the corporation
or local transportation in connection with an errand; and (c) such
fringe benefits as hospitalization insurance, approved pension trust
funds and unemployment insurance.
Column 7 of Schedule E is to be completed for your 25 highest
paid officers. To determine the highest paid officers for this
purpose all allowances including. expense account allowances as
described above must be added to each officer's compensation.
Column 7 need not be completed for any officer for which the
combined amount is less than $10,000.
The information is to be submitted by each member of an
affiliated group which files a consolidated return.
For this purpose an officer is a person who is elected or ap-
pointed to office or who is designated as such in the corporation's
charter or bylaws such as regular officers, chairman of the
board, etc.
SCHEDULE I— SPECIAL DEDUCTIONS
1. Partially tax-exempt interest.— Enter the amount received
as interest on obligations of the United States or on obligations
of corporations organized under Act of Congress which are
instrumentalities of the United States, but only if ( 1 ) such
interest is included in gross income; and (2) such interest is
exempt from normal tax under the Act authorizing the issuance
of such obligations. This deduction must be reduced by any
amortizable bond premium as provided in section 171.
2. Dividends-received deductions. — (a) Dividends received
from a domestic corporation. — Enter an amount equal to 85 per-
cent of the amount received as dividends (except dividends on
certain preferred stock of public utilities) from a domestic cor-
poration subject to income tax. Amounts received as dividends
from mutual savings banks, cooperative banks, and domestic build-
ing and loan associations and allowed as a deduction to such banks
or building and loan associations shall not be treated as divi-
dends. In the case of dividends received from a regulated invest-
ment company, see section 854 regarding limitations on amount
deductible. For taxable years beginning after September 2,
1958, a small business investment company operating under the
Small Business Investment Act of 1958 can take as a deduction
an amount equal to 100 percent of the dividends received.
(b) Dividends received on certain preferred stock of public
utilities. — Enter 62.115 percent of the amount received as divi-
dends on the preferred stock of a public utility which is subject
to income tax and is allowed a deduction, as provided in section
247, for dividends paid.
(c) Dividends received from certain foreign corporations. —
Enter 85 percent of dividends received from certain foreign
corporations. See sections 243 (d) and 245 for qualifications and
limitations on the amount of this deduction.
In general, no dividend-received deduction will be allowed on
any share of stock (A) which is sold or otherwise disposed of in
any case in which the corporation has held such share for 15 days
or less, or (B) to the extent the corporation b under an obligation
to make corresponding payments with respect to substantially iden-
tical stock or securities. Where the stock has preference in divi-
dends, the holding period is 90 days instead of 15 if the corporation
receives dividends with respect to such stock which are attributable
to a period or periods aggregating in excess of 366 days.
3. Total dividends-received deductions. — In a year in which a
net operating loss occurs, sections 172 (d) and 246 (b) provide
that the 85-percent limitation on the amount of these special
deductions shall not apply. In the case of a small business invest-
ment company, the dividends-received deduction of 100 percent re-
ported on line 3 is not subject to the overall 85-percent limitation.
4. Deduction for dividends paid on certain preferred stock of
public utilities. — In the case of a public utility there is allowed
in accordance with section 247, an amount equal to 26.923 per-
cent of the lesser of ( 1 ) the amount of dividends paid on its pre-
ferred stock during the taxable year, or (2) the taxable income for
the taxable year computed without regard to the deduction pro-
vided in section 247. In a year in which a net operating loss
occurs, section 172 (d) provides that this special deduction shall
be computed without regard to section 247 (a) (1) (B).
5. Deductions for Western Hemisphere trade corporations. — In
the case of a Western Hemisphere trade corporation, as defined in
section 921, there is allowed under section 922 a deduction equal
to 26.923 percent of the taxable income of such corporation com-
puted without regard to the deduction provided in section 922.
Under the provisions of section 172 (d), this special deduction is
not allowed in a year in which a net operating loss occurs.
069—16—76151-1
FACSIMILES OF FORMS USED, 1960
181
PAGE 7
TAX COMPUTATION INSTRUCTIONS
1. Normal tax. — Section 11 provides a normal tax for taxable
years beginning before July 1, 1961, equal to 30 percent of tax-
able income. In the case of a taxable year beginning after June
30, 1961, the normal tax is equal to 25 percent of taxable income.
2. Surtax. — Section 11 provides a surtax equal to 22 percent
of the amount by which the taxable income (computed without
regard to the deduction, if any, provided in section 242 for par-
tially tax-exempt interest) exceeds $25,000.
3. Exceptions. — The tax imposed by section 1 1 shall not apply
to a corporation subject to a tax imposed by — (1) section 594
(relating to mutual savings banks conducting life insurance
business), (2) subchapter L (section 801 and following, relat-
ing to insurance companies), (3) subchapter M (section 851
and following, relating to regulated investment companies), or
(4) section 881 (a) (relating to foreign corporations not engaged
in business in United States).
4. Change in accounting period. — Under the provisions of sec-
tion 443 (b) (1) if a corporation changes its accounting period,
the taxable income for the short period beginning on the day after
the close of the former taxable year and ending at the close of the
day before the day designated as the first day of the new taxable
year shall be placed on an annual basis by multiplying the amount
thereof by 12 and dividing by the number of months in the short
period. The tax shall be that same part of the tax computed on
the annual basis which the number of months in the short period
is of 1 2 months.
However, taxpayers may elect to compute the tax for the
short period according to the method described below if an appli-
cation to do so is filed not later than the date when (giving effect
to any extensions granted) the return for the first full taxable
year after the beginning of the short period must be filed. (Sec-
tion 443 (b) (2).) For details concerning the form and content
of such an application, consult your District Director.
If a proper application is filed, the taxpayer may elect to pay
whichever tax under the following two methods is greater, in place
of the short period tax under section 443 (b) (1) : (1) Establish
the actual taxable income for the 12 months beginning with the
first day of the short period; then compute the tax on that income.
Then determine as a short period tax that part of the tax so com-
puted which bears the same proportion to the total tax so com-
puted as the taxable income of the short period bears to the taxable
income of the 12 months. However, a taxpayer which distributes
substantially all its assets before the end of the 12-month period
described above, shall employ in the above computation the 12-
month period ending with the last day of the short period.
(2) Compute a tax on the taxable income of the short period as
if the short period were a full taxable year.
In annualizing income of a short period consisting of 7 days
or more, but less than 359 days, by reason of a change to a 52-53-
week fiscal year, the annualization is made on a daily basis as pro-
vided in section 441 (f) (2) (B) (iii).
5. Consolidated returns.— Section 1503 provides that the tax
imposed under section 11 (c) or section 831 shall be increased
for any taxable year for which an affiliated group of includible
corporations makes or is required to make a consolidated return
by 2 percent of the consolidated taxable income (computed with-
out regard to the deduction, if any, provided in section 242 for
partially tax-exempt interest). If the affiliated group includes
one or more Western Hemisphere trade corporations or one or
more regulated public utilities, the increase of 2 percent shall
be applied only on the amount by which the consolidated taxable
income of the affiliated group exceeds the portion (if any) of
the consolidated taxable income attributable to the Western
Hemisphere trade corporations and regulated public utilities in-
cluded in such group.
6. Insurance companies other than life or mutual. — All insurance
companies (other than life or mutual insurance companies), in-
cluding mutual marine insurance companies and mutual fire in-
surance companies exclusively issuing either perpetual policies
or policies for which the sole premium charged is a single deposit,
are subject to the taxes imposed by section 11. The taxable
income of such insurance companies is defined in section 832 and
differs from the taxable income of other corporations. This para-
graph does not apply to foreign insurance companies not carrying
on an insurance business within the United States. (Section 831.)
7. Life insurance departments of mutual savings banks. — A
mutual savings bank not having capital stock represented by
shares, authorized under State law to conduct a life insurance
business and which conducts such business in a separate depart-
ment the accounts of which are maintained separately from the
accounts of other departments of the bank is taxable under section
594 provided the life insurance department would, if it were
treated as a separate corporation, qualify as a life insurance
company under section 801.
The tax consists of the sum of — (1) a partial tax computed
under section 1 1 upon the taxable income of the bank determined
without regard to any items of gross income or deductions properly
allocable to the business of the life insurance department; and
(2) a partial tax upon the taxable income (computed as pro-
vided in section 802) of the life insurance department deter-
mined without regard to any items of gross income or deductions
not properly allocable to such department, at the rates and in
the manner provided in subchapter L with respect to life insurance
companies.
Tax compulation. — For the purpose of computing the first par-
tial tax, a mutual savings bank should use Form 1120, filling in
all applicable items (except lines 5 and 7) and schedules. The
first partial tax should be computed by using lines 1 to 5. For
the purpose of computing the second partial tax Form 1120L
should be used. The first partial tax should be added to the sec-
ond partial tax and the sum thereof entered on line 5 as the total
income tax. Subtract from line 5 the sum of any credits on line 6
and enter on line 7 the balance of income tax. Form 1120L
properly filled in should be attached to and made a part of Form
1120 and properly identified as an accompanying schedule. How-
ever, any Form 1120L so used need not be separately executed
under the penalty of perjury.
8. Credit for taxes. — If, in accordance with section 901, a credit
is claimed by a domestic corporation on line 6 (Tax Computation) ,
page 3, on account of income, war profits and excess profits taxes
paid or accrued to a foreign country or a possession of the United
States, Form 1118 should be submitted with the return. In case
credit is sought for taxes accrued but not paid, the District Direc-
tor may require a bond on Form 1 1 19 as a condition precedent to
the allowance of the credit. For carryback and carryover of a
foreign tax credit, see section 904 (c).
If the corporation is entitled to a credit for taxes paid by a
regulated investment company on undistributed capital gains, in-
clude the credit on line 33 (b), page 1, and indicate by amount
that such a credit is being claimed. Attach Copy B of Form 2439
to page 1 of the Form 1 120.
9. Overpayment credited to estimated tax. — If the taxpayer
elects to have all or part of the overpayment shown by his return
applied to his estimated tax for his succeeding taxable year, no
interest shall be allowed on such portion of the overpayment
credited.
10. Regulated investment companies. — For provisions relating
to the method of taxation of regulated investment companies, see
sections 851 through 855.
069—16—76151-1
182
FACSIMILES OF FORMS USED, 1960
PAGE 8
PRINCIPAL BUSINESS ACTIVITY
In reporting the "Principal business activity," on page 1, give the one business activity that accounts for the largest percentage
of "total receipts." "Total receipts" means gross receipts (line 1), plus all other income (lines 4 through 9). State the broad field of
business activity as well as the specific product or service, such as "Mining copper," "Manufacturing cotton broad woven fabric,"
"Wholesale meat," or "Retail apparel." Where receipts are derived from two or more of the detailed industry groups listed below, show
only the one which is the major source of receipts. Use the appropriate group under the heading "FINANCE" if over 50 percent of
"total receipts" consists of investment income.
Enter the business group "code number" on page 1 from the following list. Give the code for the specific industry group from
which the largest percentage of "total receipts" is derived.
AGRICULTURE. FORESTRY, AND
FISHERIES
Code
Oil Agriculture, foreitry, »od fisheries.
MINING
Metal mining:
101 Iron ores.
102 Copper, lead, zinc, gold, silver ores.
109 Other metal mining.
121 Bituminous coil and lignite mining .
Crude petroleum and natural gas:
131 Crude petroleum, natural gas, and
natural gas liquids.
138 Oil and gas field services.
NonmeUllic mineral and anthracite mining:
141 Stone, sand, gravel.
149 Other nonmetallic minerals, Including
anthracite mining.
CONSTRUCTION
151 General building contractors.
152 Highway and street construction and
heavy construction.
165 Special trade contractors.
MANUFACTURING
Beverage industries:
191 Soft drinks, carbonated waters, and
flavoring extracts and sirups.
192 Malt liquors and malt.
194 Wines, brandy, and brandy spirits.
195 Distilled, rectified, blended liquors.
Food and kindred products:
200 Meat products.
201 Dairy products.
202 Canning and preserving fruits, vege-
tables, and seafoods.
203 Grain mill products.
204 Bakery products.
205 Sugar.
206 Confectionery and related products.
207 Vegetable oil mills and animal, ma-
rine, and edible fats and oils.
208 Other food preparations and kindred
products.
211 Tobacco manufactures.
Textile mill products:
220 Yarn and thread mills.
221 Broad woven fabric mills, cotton.
222 Broad woven fabric mills, man-made
fiber and silk.
223 Broad woven fabric mills, wool:
Including dyeing and finishing.
224 Narrow fabrics and other small wares
mills: cotton, wool, silk, and man-
made fiber.
225 Knitting mills.
22G Dyeing and finishing textiles, except
wool fabrics and knit goods.
227 Floor covering mills.
228 Other textile goods.
Apparel and other finished products made from
fabrics and similar materials:
231 Men's, youths', and boys' suits, coats,
overcoats, furnishings, work clothing,
and allied garments.
233 Women's, misses', children's, and
Infants' outerwear and undergar-
ments.
237 Hats, caps, and millinery, fur goods,
and other apparel and accessories.
238 Other fabricated textile products.
Lumber and wood products, except furniture:
241 Logging camps, logging contractors,
and sawmills and planing mills.
243 Millwork, veneer, plywood, and pre-
fabricated structural wood products.
249 Wooden containers and other wood
products.
Furniture and natures:
251 Household furniture.
259 Office, public building, and other
furniture and fixtures.
Paper and allied products:
261 Pulp mills.
262 Paper, paperboard, building paper,
and building board mills.
265 Paperboard containers and boxes.
269 Converted paper and paperboard
products, except containers and boxes.
Printing, publishing, and allied industries:
271 Newspapers: publishing, publishing
and printing.
Code
272 Periodicals: publishing, publishing
and printing.
273 Books.
275 Commercial printing, manifold busi-
ness forms, and greeting cards.
278 Other publishing, bookbinding and
related industries, and service Indus-
tries for the printing trade.
Chemicals and allied products:
280 Industrial inorganic and organic chem-
icals.
281 Plastics materials and synthetic
resins, synthetic rubber, synthetic and
other man-made fibers, except glass.
282 Drugs.
283 Soap, detergents, and cleaning prepa-
rations.
284 Paints, varnishes, lacquers, enamels,
and allied products.
285 Perfumes, cosmetics, and other toilet
preparations.
286 Agricultural chemicals.
288 Gum and wood chemicals and other
chemical products.
Petroleum refining and related industries:
291 Petroleum refining.
299 Paving and roofing materials and
other products of petroleum and coal.
Rubber and miscellaneous plastics products:
301 Tires and Inner tubes.
306 Rubber footwear, reclaimed rubber,
and other fabricated robber products.
307 Miscellaneous plastics products.
Leather and leather products:
314 Footwear, except rubber.
319 Leather and other leather products.
Stone, clay, and glass products:
321 Flat glass, glass and glassware, pressed
or blown, and glass products made of
purchased glass.
324 Cement, hydraulic.
325 Structural clay products.
326 Pottery and related products.
327 Concrete, gypsum, and plaster prod-
ucts.
329 Cut stone and stone products and
abrasive, asbestos, and other non-
metallic mineral products.
Primary metal industries:
331 Blast furnaces, steelworks, and rolling
and finishing mills.
332 Iron and steel foundries.
333 Primary and secondary smelting, re-
fining, rolling, drawing, and extruding
of nonferrous metals and alloys.
336 Nonferrous foundries.
338 Other primary metal industries.
Fabricated metal products (including ordnance),
except machinery and transportation equipment:
340 Metal cans.
341 Cutlery, hand tools, general hardware.
342 Heating apparatus (except electric)
and plumbing fixtures.
343 Fabricated structural metal products.
344 Screw machine products, bolts, nuts,
screws, rivets and washers.
345 Metal stampings.
346 Coating, engraving, and allied services.
347 Ordnance and accessories.
348 Miscellaneous fabricated wire prod-
ucts and other fabricated metal prod-
ucts.
Machinery, except electrical and transportation
equipment:
350 Engines and turbines.
351 Farm machinery and equipment.
352 Construction, mining, and materials
handling machinery and equipment.
353 Metalworking machinery and equip-
ment.
354 Special industry machinery, except
metalworking machinery.
355 General Industrial machinery and
equipment.
356 Office, computing, and accounting
machines.
357 Service industry machines.
358 Other machinery, except electrical and
transportation equipment.
Electrical machinery, equipment, and supplies:
361 Electric transmission and distribution
equipment.
362 Electrical industrial apparatus.
363 Household appliances.
364 Electric lighting and wiring equip-
ment.
Code
365 Radio and television receiving sets,
except communication types.
366 Communication equipment.
367 Electronic components and acces-
sories.
368 Other electrical machinery, equip-
ment, and supplies.
Transportation equipment, except motor fehicles:
371 Aircraft.
372 Aircraft parts.
373 Ship and boat building and repairing.
374 Railroad equipment.
379 Motorcycles, bicycles, and parts and
other transportation equipment.
Motor vehicles and motor vehicle equipment:
381 Motor vehicles, passenger car bodies,
truck and bus bodies, truck trailers.
384 Motor vehicle parts, accessories.
Professional, scientific, and controlling instru-
ments; photographic and optical goods; watches
and clocks:
391 Engineering, laboratory, scientific and
research, and measuring and control-
ling Instruments and equipment.
393 Optical Instruments and lenses, sur-
gical, medical, and dental instruments
and supplies, ophthalmic goods.
396 Photographic equipment and sup-
plies.
397 Watches, docks, clockwork operated
devices, and parts.
Other manufacturing industries:
401 Jewelry, silverware, and plated ware.
402 Costume jewelry and costume novel-
ties, except precious metal.
404 Toys, amusement, sporting and
athletic goods.
4081 Manufacturing not elsewhere classi-
fied.
TRANSPORTATION, COMMUNICATION,
ELECTRIC, GAS, AND SANITARY SERVICES
Transportation:
411 Railroad transportation.
412 Local and suburban transit.
413 Motor freight transportation and
warehousing.
414 Taxicabs, Intercity passenger trans-
portation, school busses, and other
local and lnterurban passenger trans-
portation.
415 Pipe line transportation.
416 Water transportation.
417 Transportation by air,
418 Transportation services.
Communication:
421 Telephone communication (wire or
radio).
422 Telegraph communication (wire and
radio) .
423 Radio broadcasting and television.
429 Communication services, not else-
where classified.
Electric and gas companies and systems:
431 Electric companies and systems and
combination companies and systems.
432 Gas companies and systems.
441 Water supply and other sanitary services.
WHOLESALE TRADE
Groceries and related products:
477 Meats and meat products.
479 Poultry and poultry products, fisb
and seafoods, and other groceries and
related products.
Electrical goods, hardware, plumbing, heating
equipment and supplies:
486 Electrical goods.
487 Hardware, and plumbing and heating
equipment and supplies.
Other wholesalers!
491 Beer, wine, and distilled alcoholic
beverages.
492 Dry goods and apparel.
493 Drugs, chemicals, allied products.
494 Lumber and construction materials.
493 Machinery, equipment, and supplies.
496 Motor vehicles and equipment.
497 Farm products— raw materials.
498 Wholesalers, not elsewhere classified.
RETAIL TRADE
521 Food.
General merchandise:
531 Department stores.
532 Mail order houses.
Code
533 Limited price variety stores.
539 Merchandise vending machine oper-
ators, direct selling organizations, and
other general merchandise stores.
541 Apparel and accessories.
551 Furniture, borne furnishings, equipment.
Automotive dealers and gasoline service stations:
561 Motor vehicle dealers.
563 Tires, batteries, accessories; aircraft,
marine, and other automotive dealers.
564 Gasoline service stations.
581 Eating and drinking places.
Building materials, hardware, farm equipment:
591 Building materials.
595 Hardware and farm equipment.
Other retail stores:
601 Drug stores and proprietary stores.
602 Liquor stores.
607 Jewelry stores.
608 Secondhand, book, sporting goods,
farm supply, fuel and Ice dealers, ana
other retail stores.
FINANCE, INSURANCE. AND REAL ESTATE
Banking:
621 Commercial and stock savings banks,
trust companies, and establishments
related to banking.
622 Mutual savings banks.
Credit agencies other than banks:
632 Savings and loan associations.
634 Personal credit institutions.
635 Business credit Institutions.
638 Other credit agencies.
Holding and other investment companies:
641 Operating holding companies (com-
panies which derived less than 90 per-
cent but more than 50 percent of
"total receipts" from investments).
642 Regulated investment companies.
643 Small business investment companies,
1958 Act.
649 Other investment and holding com-
panies (other companies which de-
rived 90 percent or more of "total
receipts'* from investments).
651 Security and commodity brokers, dealers,
exchanges, and services.
Insurance carriers:
661 Life insurance.
662 Mutual insurance, except life or ma-
rine, and except mutual fire insurance
companies issuing perpetual policies.
669 Other insurance carriers.
671 Insurance agents, brokers, and service.
Real estate:
681 Real estate operators (except de-
velopers), and lessors of buildings.
G83 Subdivides and developers and
operative builders.
684 Agents, brokers, and managers.
685 Title abstract companies.
689 Combinations of real estate, Insurance,
loans, law offices.
Lessors of real property, except buildings:
692 Mining, oil, and similar properties.
693 Railroad property.
699 Other real property, except buildings.
SERVICES
701 Hotels, camps, other lodging places.
Personal services:
721 Laundries, cleaning and dyeing.
723 Photographic etudios, Including com-
mercial photography.
729 Beauty, barber, shoe repair, and
pressing shops, funeral and other
personal services.
Business services:
731 Advertising.
739 Credit reporting and employment
agencies, news syndicates, duplicat-
ing, mailing, stenographic, building,
and other business services.
Automobile and other repair services:
751 Automobile repair services and ga-
rages.
759 Other repair services.
Motion pictures:
781 Motion picture production, distri-
bution, and service industries.
783 Motion picture theaters.
791 Amusement and recreation services, except
motion pictures.
801 Other services.
FACSIMILES OF FORMS USED, 1960
183
FORM
1120-S
U. S. Treasury Department
Internal Revenue Service
A. Date of election as small
business corporation
B. Prin. bus. activity and
Code No. (See page 4
instr.)
C. Total assets from line 14
Sch. L (See instruction N)
U. S. SMALL BUSINESS CORPORATION
RETURN OF INCOME
FOR CALENDAR YEAR 1960
or other taxable year beginning _
and ending
1960,
19
PLEASE TYPE OR PRINT PLAINLY
Name
Number and street
City or town, postal zone number. State
D. County in which located
E. Employer's identification number
GROSS INCOME
1. Gross receipts ___ _ Less: Returns and allowances
2. Less: Cost of goods sold (Schedule A) and/or operations (Schedule B)
3. Gross profit
4. Dividends
5. Interest on obligations of the United States, etc., issued:
(a) Prior to 3-1-41 — (1) U. S. savings and Treasury bonds owned in ex-
cess of the principal amount of $5,000; and (2) obligations of a
U. S. instrumentality
(b) After 2-28-41, U. S., any agency or instrumentality.
6. Other interest
7. (a) Rents
Gross Amount of
Interest
Less: Amortizable
Bond Premium
(b) Royalties
8.
Gains and losses (from separate Schedule D (Form 1 1 20-S))
(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 (loss) from sale or exchange of property other than capital assets .
9. Other income (Attach schedule)
10. Total income, lines 3 to 9, inclusive
DEDUCTIONS
11. Compensation of officers (Schedule E)
12. Salaries and wages (not deducted elsewhere)
13. Repairs (Do not include cost of improvements or capital expenditure)
14. Bad debts (Schedule F)
15. Rents
I960
V!..
y
v..
16. Taxes (Schedule G)
17. Interest
18. Contributions or gifts paid (Schedule H)
19. Losses by fire, storm, shipwreck, or other casualty, or theft (Attach schedule)
20. Amortization (Attach schedule)
21. Depreciation (Schedule I)
22. Depletion of mines, oil and gas wells, timber, etc. (Attach schedule)
23. Advertising (Attach schedule)
24.
26.
Amounts contributed under:
(a) Pension, profit-sharing, stock bonus, annuity plans (See instructions)
(b) Other employee benefit plans (See instructions)
Other deductions (Schedule J)
Total deductions in lines 1 1 to 25, inclusive
27. Taxable income, line 10 less line 26 .
T
SIGNATURE AND VERIFICATION. (See Instruction F)
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. If the return is prepared by a person other than the taxpayer,
his declaration is based on all the information relating to the matters reguired to be reported in the return of which he has knowledge.
CORPORATE
SEAL
(Date)
(Signature of officer)
(Title)
(Date)
(Individual or firm signature)
(Address)
184
FACSIMILES OF FORMS USED, I960
Page 2
Schedule A.— COST OF GOODS SOLD. (See Instruction 2)
(Where inventories are an income-determining factor)
Schedule B.— COST OF OPERATIONS
(Where inventories are not an income-determining factor)
2. Other costs (to be detailed):
(a)
4. Other costs per books (Attach schedule) ....
(b)
5. Total
(c)
(d)
7. Cost of goods sold (Enter here and on line 2,
V
(e)
page 1)
3. Total (Enter here and on line 2, page 1 ) . . . .
V
Schedule D. — Separate Schedule D (Form 1120-S) should be used in reporting sales or exchanges of property. (See Instruction 8)
Schedule E.— COMPENSATION OF OFFICERS. (See page 3 of instructions)
1. Name and Address of Officer
2. Official Title
( abbreviate i
3. Time De-
voted to
Business
Percentage of Corpora-
tion's Stock Owned
6. Amount of
Compensation
7. Expense Account
Allowances
4. Common
5. Preferred
Total compensation of officers (Enter here and on line 1 1 , page 1)
V
xxxxxxxx
Schedule F.— BAD DEBTS. (See Instruction 14)
Amount of Notes and Accounts Receivable
Outstanding it—
4. Taxable Income
Repotted
S. Sales on Account
6. Bad Debts of Corpo-
ration if No Reserve Is
Carried on Books
If Corporation Carries a Reserve
1. Taxable year
7. Gross Amount Added
to Reserve
8. Amount Charted
Against Reserve
2. Beginning of Year
3. End of Year
1957
1958...
1959
1960
vr*
V
NOTE: Securities which are capital assets and which became worthless within the taxable year should be reported in separate Schedule D (Form 1120-S)
Schedule G.— TAXES. (See Instruction 16)
Schedule H.— CONTRIBUTIONS OR GIFTS PAID
(See Instruction 18)
Explanation
Amount
Name and Address of Organization
Amount
Total contributions (Enter here and on line 18,
page 1, subject to 5 percent limitation)
Total (Enter here and on line 1 6, page 1 ) .
V
V
Schedule I.— DEPRECIATION. (See Instruction 21 and Summary on Page 3)
1. Kind of Property (if buildings, state material of which constructed).
Exclude Land and Other Nondepreciable Property. List Assets in
Groups by Depreciation Method
2. Date Acquired
3. Cost or Other
Basis
(Exclude land)
4. Depreciation
Allowed (or
allowable) in
Prior Years
5. Method of
Computation
6. Hate (%)
or Ufe
(rears)
7. Depreciation
This Year
1. Total
3. Balance — Enter here and on line 2 1 , page 1 . .
V
FACSIMILES OF FORMS USED, 1960
SUMMARY OF DEPRECIATION AND AMORTIZATION SCHEDULES
135
Page 3
1. Straight line method
(a) Assets acquired prior to 1/1/54
(b) Assets acquired after 12/31/53
2. Declining balance method
3. Sum of the years-digits method
4. Based on units of production
8. Additional first-year depreciation (Sec. 1 79)
8. Other methods
7. Total depreciation claimed
8. Emergency facilities
9. Grain storage facilities
10. Research or experimental expenditures. .
1 1 . Exploration and development expenditures .
12. Organizational expenditures
13. Trademark and trade name expenditures .
14. Total amortization claimed
Schedule J.— OTHER DEDUCTIONS. (See General Instruction L and Specific Instruction 25)
Total (Enter here and on line 25, page 1) . .
Schedule K.— SHAREHOLDER'S SHARE OF INCOME. (See page 3 of the instructions)
Computation of Corporation's Undistributed Taxable Income
1. Taxable income (from line 27, page 1 )
2. Less: Money distributed as dividends out of earnings and profits of the taxable year
3. Corporation's undistributed taxable income
Schedule of Distribution and Income
1. Name and Address of Each Shareholder. (If return of shareholder is filed in another internal revenue district, specify district)
2. Stock Ownership
Number of
Shares
Period Held
From
To
(a) *
(b). . .
(c)
(d)
(e)
X X X X X
X X X X X
X X X X
X
Continuation of Schedule of Distribution and Income
3. Percentage of
4. Compensation
5. Dividends
6. Share of Un-
distributed Taxable
Income or Net
Operating Loss
7. Share of Long-
Term Capital Gain
8. Dividends
Entitled to
Exclusions and
Credit
9. Amount Taxable
as Ordinary
Income
10. Nondividend Distributions
Time Devoted to
Business
Dates
Amounts
Date
Amount
(a)
(b)
(c)
(d)
Totals
XX X XX
•" X X X X
X X X X X
F. Date incorporated — - i — -
6. Did the corporation derive more than 80% of its gross receipts from
sources outside the United States? □ Yes □ No.
Did the corporation derive more than 20% of its gross receipts from
royalties, rents, dividends, interest, annuities, and sales or ex-
changes of stock or securities (gross receipts from sales or ex-
changes being taken into account for purposes of this question
only to the extent of gains therefrom) □ Yes □ No.
H. Did the corporation during the taxable year, have any contracts or
subcontracts subject to the Renegotiation Act of 1951? DYes QNo.
If "Yes," see General Instruction I and enter amount here $
I. Amount of income (deficit) for: 1957 $.
1958 $ ; 1959 $.
Did you claim a deduction for'expenses connected with: (If answer to
any question is "Yes," check applicable boxes within that question.)
(1) A hunting lodge Q working ranch or farm Q fishing camp Q
resort property □, pleasure boat or yacht □, or other similar
facility □ ? (Other than where the operation of the facility was
the principal business.) Yes □ No D
(2) The leasing, renting, or ownership of a hotel room or suite □,
apartment □, or other dwelling □, which was used by customers
or employees or members of their families? (Other than use by
employees while in business travel status.) Yes □ No □
(3) The attendance of your employees' families at conventions or
business meetings? Yes □ No □
(4) Vacations for employees or members of their families? (Other
than vacation pay reported on Form W-2) Yes □ No □
186
FACSIMILES OF FORMS USED, 1960
Page 4
Schedule L.— BALANCE SHEETS. (See Instructions)
ASSETS
Beginning of Taxable Year
End of Taxable Year
Amount
Total
Amount
Total
1. Cash
V
V
W
2. Investments in governmental obligations:
(b) States, subdivisions thereof, etc
V
v^
(b) Last-in, first-out
V
5. Other current assets including short-term marketable
\s
6. Mortgage and real estate loans
V
V
V
9. Buildings and other fixed depreciable assets
(a) Less: Accumulated amortization and depreciation
V*
11. Land (net of any amortization)
V
13. Other assets (Attach schedule)
V
LIABILITIES AND CAPITAL
V
16. Bonds, notes, and mortgages payable (short-term) to:
V
(d) Others
17. Other current liabilities
v
18. Bonds, notes, and mortgages payable (long-term) to:
(d) Others
V
19. Other liabilities (Attach schedule)
V
20. Capital stock
\S
21. Paid-in or capital surplus
V
22. Surplus reserves (Attach schedule)
V
23. Earned surplus and undivided profits accumulated
V
\s~
25. Total liabilities and capital
Schedule M.— RECONCILIATION OF TAXABLE INCOME
Add: Nondeductible items.
2. Contributions in excess of 5% limitation
3. Insurance premiums paid on the life of any
officer or employee where the corporation is
Less: Nontaxable income and allowable de-
ductions not recorded on books,
10. Nontaxable interest on:
(a) Obligations of a State, Territory, or a pos-
session of the Uni'ed States, or any politi-
cal subdivision of any of the foregoing, or
V
(b) Obligations of the United States issued on
or before Sept. 1, 1917; all postal savings
\s
6. Adjustment for tax purposes not recorded on
11. Other nontaxable income (Attach schedule). . .
12. Adjustment for tax purposes (Attach schedule) .
13. Other (Attach schedule)
14. Total
8. Total
15. Taxable income (Line 9 minus 14)
FACSIMILES OF FORMS USED, 1960
187
PAGE 1
Instructions for the 1960 Form 1120S
U. S. Small Business Corporation Return of Income
(References are to the Internal Revenue Code)
A. Corporations required to file Form 1120-S. — Every small busi-
ness corporation (as defined in section 1371 (a)) which has filed a
proper and timely election under section 1372 (a) not to be subject to
the income tax imposed by chapter 1 must file Form 1120-S. See
Form 2553.
B. Consents of shareholders. — Consents of all shareholders are re-
quired to be attached to the election form notifying the District Direc-
tor of the election. However, where the election was made before the
first day of the taxable year, the consents of persons who became share-
holders after the date of election and on or before such first day must
be filed with the District Director with whom the election was filed as
soon as practicable after such first day and in no event later than the
last day prescribed for making the election. Copies of such latter
consents must be attached to the Form 1 1 20-S at the time the return
is filed.
New shareholders (any person who was not a shareholder on the
first day of the first taxable year for which the election is effective, or
on the day on which the election is made, whichever is later) must
consent to the election and such statement of consent must be filed
with the District Director with whom the election was filed within a
period of 30 days after they become shareholders or the election is
automatically terminated. Copies of such consents must also be
attached to the return.
C. Termination. — The election by the corporation is automatically
terminated ( 1 ) by the failure of a new shareholder to consent to such
election as explained in B above; (2) where it ceases to be a small
business corporation as defined in section .1371 (a); (3) where it
derives more than 80 percent of its gross receipts from sources outside
the U. S. ; or (4) where it has gross receipts of which more than 20
percent is derived from royalties, rents, dividends, interest, annuities,
and sales or exchanges of stock or securities (gross receipts from sales
or exchanges being taken into account for this purpose only to the
extent of gains therefrom). Such termination is effective for the
taxable year in which anyone of the foregoing occurs and for all suc-
ceeding taxable years of the corporation.
The election may be revoked for any taxable year after the first
taxable year for which the election is effective. An election to revoke
may be made only if all persons who are shareholders on the day on
which the revocation is made consent to the revocation. The revo-
cation is effective ( 1 ) for the taxable year in which made, if made
before the close of the first month of the taxable year, or (2) for the
taxable year following the taxable year in which made, if made after
the close of the first month; and for all succeeding taxable years.
The revocation is to be made in the manner prescribed by regulations.
Where the small business corporation has elected under section
1372 (a) and the election has been terminated or revoked-, the cor-
poration is not eligible to again elect under 1372 (a) for five years
unless the Secretary or his delegate consents to such an election.
D. Period to be covered bv retufft. — The return shall be filed for
the calendar year 1960 or other taxable year beginning in 1960.
E. Time and place for filing. — The return must be filed on or before
the 15th day of the third month following the close of the taxable
year with the District Director of Internal Revenue for the district
in which the corporation's principal place of business or principal
office or agency is located. (Section 6072.)
F. Signature and verification.— The return must be' signed either
by the president, vice president, treasurer, assistant treasurer or chief
accounting officer, or by any other corporate officer (such as tax
officer) who is authorized to sign. A receiver, trustee, or assignee
must sign any return which he is required to file on behalf of a corpo-
ration. The statement at the bottom of page 1 of the return is re-
quired to be signed by any person, firm, or corporation who prepared
the taxpayer's return for compensation. If the return is prepared by
a firm or corporation, it should be signed in the name of the firm or
corporation. The statement is not required if the return is prepared
by a regular full-time employee of the taxpayer.
G. Penalties. — Severe penalties are provided by law for willful
failure to make and file a return on time and for willful attempt to
evade or defeat payment of tax.
H. Accounting methods. — Taxable income shall be computed in
accordance with the method of accounting regularly used by the tax-
payer in maintaining its books and records. In all cases the method
adopted should clearly reflect taxable income. The basic methods
of accounting are the "cash receipts and disbursements method" and
the "accrual method." Section 446 permits the vise of these methods
or any other method permitted under the Code or any combination
of these methods in accordance with regulations. If a taxpayer
engages in more than one trade or business, it may, with respect to
each trade or business, use a different method of accounting. Each
method must, however, clearly reflect the income of the particular
trade or business with which it is used, and separate profit and loss
statements for each trade or business must be submitted. Except in
those cases where the law specifically permits it, a taxpayer may not
change the method of accounting upon the basis of which it has
reported its income in prior years (for its income as a whole or with
respect to any separate trade or business) without first securing con-
sent. For procedure to be followed in securing consent, see your
District Director.
Rounding off to whole-dollar amounts. — If you wish, the money
items on your return or accompanying schedules required by such
return may be shown as whole-dollar amounts. This means that you
eliminate any amount less than 50 cents, and increase any amount
from 50 cents through 99 cents to the next highest dollar.
I. ( 1 ) Information at the source. — Every corporation making pay-
ments in the course of its trade or business of ( 1 ) interest, rents, com-
missions, or other fixed or determinable income of $600 or more
during the calendar year 1960 to an individual, a partnership, or a
fiduciary or (2) salaries or wages of $600 or more shall make returns
on Forms 1096 and 1099, except that the making of such returns will
not be required with respect to salary or wage payments included on
Form W— 2, provided copies of withholding statements on Form W-2
are furnished. If a portion of such salary or wage payments was
reported on a Withholding Statement (Form W-2), only the remain-
der must be reported on Form 1099.
I. (2) Information regarding dissolution or liquidation. — Every
corporation shall, within 30 days after the adoption by the corpora-
tion of a resolution or plan for the dissolution of the corporation or
for the liquidation of the whole or any part of its capital stock, render
a correct return on Form 966 setting forth the terms of such resolu-
tion or plan.
Every corporation making distributions in liquidation of the whole
or any part of its capital stock shall also make returns on Forms 1096
and 1099L, as required by instructions on Form 1096, for the cal-
endar year 1960.
I. (3) Information regarding renegotiable contracts. — Every cor-
poration which held, during the taxable year, contracts or subcon-
tracts which were subject to the Renegotiation Act of 1951 shall, in
answer to question H, page 3, state the actual or, if not accurately
determinable, its best estimate of the aggregate gross dollar amount
billed during the current taxable year under all contracts and/or
subcontracts.
J. Stock ownership in foreign corporations. — A corporation owning
any stock of a foreign corporation must attach a statement showing
the name and address of each company and the total number of
shares of each class of outstanding stock owned during the taxable
year. If the corporation owned 5 percent or more in value of the
outstanding stock of a foreign personal holding company, attach a
statement setting forth* in complete detail the information required
by section 551 (d).
K. Balance sheets. — The balance sheets, Schedule L, should agree
with the books of account or any differences should be reconciled.
All corporations reporting to the Interstate Commerce Commission
or to any national, State, municipal, or other public offices, may
submit, in lieu of Schedule L, copies of their balance sheets prescribed
by such authorities as at the beginning and end of the taxable year.
Line 1 1, Schedule L, should show land less any accumulated amor-
tization of the land as an emergency facility under the authority of
section 168.
L. Net operating loss and other deductions. — The deduction for net
operating losses provided by section 1 72 and the Special Deductions
provided in Part VIII (except section 248) of subchapter B, shall not
be allowed to an electing small business corporation. (Section
1373 (d).)
M. Attachments may be used in the preparation of your return and
supplemental schedules, provided they contain all of the required
information and that summarized totals of the items shown in the
attachments are entered on the return and schedules.
N. Total assets. — Enter the total assets as of the end of the taxable
year as shown on line 14, Schedule L. In the event there are no
assets at the end of the year, show total assets at the beginning of
the year.
INSTRUCTIONS 1120-S (I960)
631-248 O - 63 - 13
188
FACSIMILES OF FORMS USED, 1960
PAGE 2
SPECIFIC INSTRUCTIONS {Numbered to correspond with line numbers on page 1 of return)
2. Cost of goods sold. — If the production, manufacture, purchase,
or sale of merchandise is an income-determining factor in the trade
or business, inventories of merchandise on hand should be taken at
the beginning and end of the taxable year, and may be valued at
cost, or at cost or market, whichever is lower, or by any other permis-
sible method.
An inventory method once properly adopted is controlling until
permission to change is obtained from the Commissioner. Applica-
tion for permission to change an inventory method shall be made in
writing and filed with the Commissioner within 90 days after the
beginning of the taxable year in which it is desired to effect a change.
In case the inventories reported do not agree with the balance sheet,
attach a statement explaining the difference.
A corporation electing to use the last-in, first-out method of val-
uing inventory provided for in section 472 must file Form 970 with
the return for the first year of the election. Thereafter, attach sepa-
rate schedule showing: (1) a summary of all inventories; (2) with
respect to any inventories computed under section 472, the computa-
tion of the quantities and cost bv acquisition levels.
5. Interest on obligations of the United States, etc. — Enter the
interest on line 5; and in Schedule L, the amounts of the various
obligations owned. Also enter on line 10, Schedule M, all interest
received or accrued during the year on the various obligations. For
provisions relating to amortizable bond premiums, see section 171.
Non-interest-bearing obligations issued at a discount. — Taxpayers
on the cash basis may elect, as to all non-interest-bearing obligations
issued at a discount and redeemable for fixed amounts increasing at
stated intervals (for example, United States Savings Bonds), to
include the increase in redemption price applicable to the current
year. For the year of election the total increase in redemption price
of such obligations occurring between the date of acquisition and the
end of the year must be included. Attach statement listing obliga-
tions owned and computation of the increase. (Section 454.)
6. Other interest. — Enter on line 6, the amount of interest on
loans, notes, mortgages, bonds, bank deposits, corporate bonds, etc.
See section 171 for amortizable bond premiums.
7. (a) Rents. — Enter the gross amount received for the rent of prop-
erty. Any expenses, including repairs, interest, taxes, and deprecia-
tion should be included in the proper lines for deductions. In the case
of a lease entered into prior to January 1, 1954, if both lessor and
lessee are corporations and if under the lease the lessee is obligated
to pay any part of the lessor's income tax on the rental payment, this
tax is excluded from lessor's gross income and may not be deducted
by lessee. (Section 110.)
(b) Royalties. — Enter the gross amount received as royalties. If a
deduction is claimed for depletion, it must be reported on line 22.
8. Gains and losses from sales or exchanges of capital assets and
other property. — See separate Schedule D and Instructions.
9. Other income. — Enter total amount of other income not reported
elsewhere in the return and attach schedule showing details, if spaces
provided are not sufficient.
13- Repairs. — Enter the cost of incidental repairs, including labor,
supplies, and other items, which do not add to the value or apprecia-
bly prolong the life of the property. Expenditures for new buildings,
machinery, equipment, or for permanent improvements or better-
ments which increase the value of the property are chargeable to
capital account.
14. Bad debts. — Bad debts may be treated in either of two ways —
( 1 ) by a deduction from income in respect of debts which become
worthless in whole or in part, or (2) by a deduction from income of
a reasonable addition to a reserve for bad debts. (Section 166.) No
change of method is allowed without permission of the Commissioner.
15. Rents. — Enter rent paid or accrued for business property in
which the corporation has no equity. With respect to leases entered
into prior to January 1, 1954. sec instruction No. 7 (a).
16. Taxes. — Enter taxes paid or accrued during the taxable year.
Do not include Federal income, war-profits, and excess-profits taxes;
estate, inheritance, legacy, succession, and gift taxes; Federal taxes
paid on bonds containing a tax-free covenant, nor taxes not imposed
upon the taxpayer. See section 164 (d) regarding apportionment
of taxes on real propertv between seller and purchaser.
17. Interest. — Enter interest paid or accrued on business indebted-
ness. Do not include interest on indebtedness incurred or continued
to purchase or carry obligations (other than obligations of the U. S.
issued after 9/24/17, and originally subscribed for by the taxpayer)
the interest on which is wholly exempt from income tax. (Sec. 265.)
See section 267 for limitation on deductions for unpaid expenses
and interest in the case of transactions between related taxpayers.
18. Contributions or gifts paid. — Enter contributions or gifts actu-
ally paid within the taxable year to or for the use of organizations and
governmental bodies as set forth in 170 ( c ) .
In the case of a corporation on the accrual basis, any contribution
or gift will, at the election of the taxpayer, made at the time the
return is filed, be considered as paid during the taxable year if pay-
ment is actually made on or before the fifteenth day of the third
month following the close of the taxable year, and if the contribution
or gift has during the taxable year been authorized by the board of
directors of the corporation. A copv of such authorization must be
attached to the return.
Any contributions paid during the taxable year in excess of the
amount deductible may be carried over and deducted in the two
succeeding taxable years subject to the 5-percent limitation provided
in section 170 (b) (2).
19. Losses by fire, storm, shipwreck, or other casualty, or theft.—
Enter losses sustained during the year, arising from fire, storm, ship-
wreck, or other casualty. For determination of the amount deducti-
ble, see section 165 (b) and the regulations thereunder. Theft losses
are deductible only in the year in which discovered.
20. Amortization. — If a deduction is claimed on account of amorti-
zation, attach a detailed statement. The law makes special provisions
for amortization of the following kinds of assets and expenditures:
(a) Emergency facilities — Section 168; (b) Grain storage facil-
ities— Section 169; (c) Research and experimental expenditures —
Section 174; (d) ■ Exploration expenditures — Section 615; (e) De-
velopment expenditures — Section 616; (f) Organizational expenses —
Section 248; and (g) Trademark and trade name expenditures — Sec-
tion 177. For details concerning the information which must be
furnished in the statements of election required by these sections,
consult your District Director.
21. Depreciation. — If a deduction is claimed on account of depre-
ciation, fill in Schedule I. A reasonable allowance for the exhaustion,
wear and tear, and obsolescence of property used in the trade or
business or of property held by the taxpayer for the production of
income shall be allowed as a depreciation deduction. (Section 167.)
The allowance does not apply to inventories or stock-in-trade nor
to land apart from the improvements or physical developments added
to it. Depreciation on leasehold improvements, patents, and copy-
rights shall be included in Schedule I.
The useful life of an asset can be measured in units of production,
etc., but the ordinary practice is to measure useful life in years.
Business experience, engineering information, and other relevant
factors provide a reasonable basis for estimating the useful life of
property to the taxpayer. The cost (or other basis) to be recovered
should be charged off over the expected useful life of the property.
For guidance, comprehensive tables of "average useful lives" of vari-
ous kinds of buildings, machines, and equipment in many industries
and businesses have been published in a booklet called Bulletin F,
which may be purchased for 30 cents from the Superintendent of
Documents, Government Printing Office, Washington 25, D. C.
(a) Special rules for new assets acquired after December 31,
1953. — The cost or other basis of an asset acquired after December
31, 1953, may be depreciated under methods proper in the past; or,
it may be depreciated under any of the following methods provided
( 1 ) that the asset is tangible, ( 2 ) that it has an estimated useful life
of three years or more, and (3) that the original use of the asset com-
menced with the taxpayer and commenced after December 31, 1953.
If an asset is constructed, reconstructed, or erected by the taxpayer,
so much of the basis of the asset as is attributable to construction,
reconstruction, or erection after December 31, 1953, may be depre-
ciated under methods proper in the past; or, it may be depreciated
under any of the following methods provided that the asset meets
qualifications (1) and (2) above: (a) declining balance method,
using a rate not in excess of twice the applicable straight line method;
(6) the sum of the years-digit method; and {c) any other consistent
method which does not result in accumulated allowances at the end
of any year greater than the total of the accumulated allowances
which would have resulted from the use of the declining balance
method. This limitation applies only during the first two-thirds of
the useful life of the property.
(b) Section 179 — Additional first-year depreciation allowance. —
Corporations may elect to write off in the year of acquisition 20 per-
cent of the cost of tangible personal property having an aggregate
value of not more than $10,000. For details which must be furnished
in the statement of election, see the regulations under section 179.
This additional first-year depreciation is allowed in full for the first
taxable year for which a deduction is allowable under section 167,
regardless of the date of acquisition. The cost of property does not
include so much of the basis of such property as is determined by ref-
erence to the basis of other property held at any time by the person
acquiring such property. This additional depreciation is limited to
property acquired after December 31, 1957, with a remaining useful
life of 6 years or more. Further, for this allowance to apply in any
case, the basis of the property must not be determined in whole or in
part by reference to the transferor's basis. Depreciation on the re-
maining cost of the property may be taken under any of the methods
indicated above. The additional first-year depreciation of an asset
should be shown on a separate line of the depreciation schedule rather
than included on the line used to show the regular depreciation of the
asset.
22. Depletion of mines, oil and gas wells, timber, etc. — If a deduc-
tion is claimed on account of depletion, procure from the District
Director: Form M (mines and other natural deposits). Form O (oil
and gas), or Form T (timber), fill in and file with return. If com-
plete valuation data have been filed with questionnaire in previous
years, then file with your return information necessary to bring vour
depletion schedule up to date, setting forth in full statement of all
transactions bearing on deductions from or additions to value of physi-
cal assets during the taxable year with explanation of how depletion
deduction for the taxable vear has been determined. (Sections 611,
FACSIMILES OF FORMS USED, 1960
1©
PAGE 3
Column 1. — Enter the name and address of each shareholder.
Where return of shareholder is filed in an internal revenue district
other than that which this return is filed, specify district.
Column 2. — Enter the number of snares of stock owned by each
shareholder. If the number of shares owned by a shareholder
changed during the year, show separately the number of shares held
for each period.
Column 3. — Enter the percentage of time devoted to the business
by each shareholder.
Column 4. — Enter salary and other payments to each shareholder
for services rendered.
Column 5. — Enter for each shareholder the date and amount of
each dividend distribution made in money or property, during the
taxable year.
Column 6. — Enter for each shareholder who was a shareholder on
the last day of the corporation's taxable year, his portion of the cor-
poration's undistributed taxable income. A shareholder's portion of
the undistributed taxable income is the amount which he would have
received as a dividend if such income had been distributed pro rata
to the shareholders on the last day of the corporation's taxable year
A dividend distribution of property other than money may cause
line 3 to exceed the total of column 6.
In the case of a net operating loss for the taxable year, enter in this
column for each shareholder who was a shareholder at any time dur-
ing the corporation's taxable year his pro rata share of the loss. For
treatment of, determination of, and limitation on a shareholder's pro
rata share of such loss, see section 1374 and the regulations thereunder.
Column 7. — Enter for each shareholder his pro rata share of the
corporation's excess of net long-term capital gain over net short-term
capital loss (line 8b, page 1). Each shareholder is entitled to treat
as long-term capital gain a portion of the sum of the dividends he
received plus his share of the constructive dividends derived from the
undistributed taxable income. A shareholder's portion is determined
by applying to such excess the same ratio that the amount of his
dividends (actual or constructive) which are out of earnings and
profits of the current year bears to the total dividends (actual or con-
structive) includible by all shareholders from the same source. In
making the allocation, the excess of net long-term capital gain over
short-term capital loss can not exceed taxable income (line 27, page
1 ) . The amount entered here should be reported on Schedule D of
his individual income tax return as a long-term capital gain from
an "electing small business corporation."
Column 8. — Enter in this column for each shareholder the amount
of money or property includible in the income of the shareholder as
dividends from the small business corporation which are entitled to the
dividends received exclusion provided in section 116 and the credit
provided by section 34. Of the amounts includible in the gross income
of a shareholder as dividends from an electing small business corpora-
tion, only those which are not considered to be out of the earnings and
profits of the taxable year are entitled to the dividends received ex-
clusion and credit. For purposes of this rule the earnings and profits
of the taxable year are deemed not to exceed the taxable income for
the year. The dividends entitled to the exclusion and credit would
include, for example, dividends paid out of accumulated earnings
and profits and from interest on tax exempt securities. The amounts
shown in this column should be entered bv the shareholders in Sched-
ule A of their individual income tax returns. Forms 1040.
Column 9. — Enter in this column for each shareholder the sum
of the dividends actually distributed (column 5) and the constructive
dividends derived from undistributed taxable income (column 6), less
the sum of the amount treated as long-term capital gain (column 7)
and the amourit of dividends entitled to the dividends received ex-
clusion and credit (column 8). The amounts shown in this column
should be entered by the shareholders as ordinary income in Schedule
H of their individual income tax returns. Forms 1040.
Column 10. — Enter in this column for each shareholder the date and
the amount of each distribution of monev and property not out of
earnings and profits. For taxable vears after the first taxable year to
which the election applies, include any distribution of accumulated
undistributed taxable income. See section 1375 (d).
EXPENSE ACCOUNT ALLOWANCES— Schedule E, Column 7
Column 7 of Schedule E is to be completed for .your 25 highest
paid officers. To determine the highest paid officers for this pur-
pose all allowances including expense account allowances as de-
scribed above must be added to each officer's compensation. Column
7 need not be completed for any officer for which the combined
amount is less than $10,000.
612, and 613.) Expenditures to be deferred and deducted ratably
under the election provided in sections 616 (b), relating to certain
expenditures in the devejopment of mines, and 615 (b), relating to
deductions for mine exploration, are not to be taken into account in
determining the adjusted basis for property for the purpose of com-
puting a deduction for depletion under section 611.
23- Advertising. — Enter the total amount paid or incurred during
the year for advertising. Expenditures for advertising, to be de-
ductible, must be ordinary and necessary and bear a reasonable rela-
tion to the business activities in which the corporation is engaged.
24. Note: A form is available to report information required in (a)
and (b) below for years other than the first year a deduction is
claimed. Form 2950 may be obtained from your District Director.
(a) Pension, profit-sharing, stock bonus, annuity plans. — Enter
on line 24 (a) the total amount deductible under section 404. A cor-
poration claiming a deduction under section 404 must submit with
its return, in addition to the information specified in the regulations
concerning such deduction, a statement with respect to each plan
showing the type of plan, i. e., pension, profit-sharing, stock bonus,
annuity, or other plan deferring the receipt of compensation, whether
or not the plan is qualified under section 401 (a), and if trusteed,
whether or not the trust is exempt under sections 501 (a), and the
method of funding, i. e., individual annuity or insurance contracts,
group annuity contract, group permanent contract, or self-insured
trust. If not funded, so indicate. Contributions paid by an employer
to or under a pension, profit-sharing, stock bonus, annuity plan or
compensation paid or accrued on account of any employee under a
plan deferring the receipt of such compensation, are deductible only
under section 404, and are not deductible under section 162.
(b) Other employee benefit plans. — Enter on line 24 (b) deduc-
tions for contributions to employee benefit plans (other than those
claimed on line 24 (a)), such as insurance, health, or welfare plans.
Submit with the return a schedule for each plan showing ( 1 ) the
nature of benefits, i. e., group term life insurance, group permanent
life insurance, noninsured death benefit, hospitalization, surgical,
medical, sickness, accident, major medical expense, unemployment
benefit, or other welfare benefits; (2) method of financing, i. e., in-
sured, industry or areawide fund, self-insured fund, or direct benefit
payments; (3) the amount of deduction; (4) the amount of employee
contributions; (5) the number of employees covered; and (6) if a
self-insured plan, the amount of benefits paid during the taxable year.
Also show the number of employees employed by the corporation.
25. Other deductions authorized by law. — Enter any other author-
ized deductions for which no space is provided on the return. (See
Gen. Inst. L. ) Any deduction claimed should be explained in Sen. J.
No deduction is allowable for the amount of any item or part
thereof allocable to a class of exempt income other than interest.
For non-allowance of interest on indebtedness incurred or continued
to purchase or carry tax-exempt securities, see instruction 17. Items
directly attributable to wholly exempt income shall be allocated there-
to, and items directly attributable to any class of taxable income shall
be allocated to such taxable income. If an item is indirectly, at-
tributable both to taxable income and exempt income, a reasonable
proportion thereof, determined in the light of all the facts and cir-
cumstances in each case, shall be allocated to each. A taxpayer
receiving any such exempt income, or holding any property or en-
gaging in any activity the income from which is exempt shall submit
with its return as a part thereof an itemized statement, in detail, show-
ing (1) the amount of each class of exempt income, and (2) the
amount of expense items allocated to each such class (the amount
allocated by apportionment being shown separately).
Schedule K. Shareholder's Share of Income. — The schedule of
Distribution and Income should show complete information with
respect to all the persons who were shareholders of the corporation
during any portion of the taxable year. Under the tax treatment
provided bv Subchapter S, shareholders generally are taxable upon
their distributive shares of the current taxable income of the cor-
poration, whether or not actually distributed. Since each share-
holder is required to include his share in his individual return, he
should be furnished the information applicable to him.
Expense account allowance means: (1) amounts, other than com-
pensation, received as advances or reimbursements, and (2) amounts
paid by or for the corporation, for expenses incurred by or on behalf
of an officer including all amounts charged through any type of credit
card.
However, this term does not include amounts paid for: (a) the
purchase of goods for resale or use in your business; (b) incidental
expenses, such as the purchase of office supplies for the corporation
or local transportation in connection with an errand; and (c) such
fringe benefits as hospitalization insurance, approved pension trust
funds and unemployment insurance.
For this purpose an officer is a person who is elected or appointed
to office or who is designated as such in the corporation's charter or
bylaws such as regular officers, chairman of the board, etc.
GENERAL INFORMATION
1. A net operating loss for any taxable year shall be allowed as a 3. For the adjustment to basis of stock of, and indebtedness owing
deduction from gross income of the shareholders in the manner and
to the extent set forth in section 1374.
2. For treatment of family groups, see section 1375 (c).
to, shareholders, see section 1376.
4. For special rules applying to earnings and profits, see section
1377.
190
FACSIMILES OF FORMS USED, 1960
PAGE 4
PRINCIPAL BUSINESS ACTIVITY
INSTRUCTIONS 1120-S (I960)
In reporting the "Principal business activity," on page 1 give the one business activity that accounts for the largest percentage
of "total receipts." "Total receipts" means gross receipts (line 1, page 1) plus all other income (lines 4 through 9, page 1). State
the broad field of business activity as well as the specific product or service, such as "Mining copper," "Manufacturing cotton
broad woven fabric," "Wholesale meat," or "Retail apparel." Where receipts are derived from two or more of the detailed industry
groups listed below, show only the one which is the major source of receipts. Use the appropriate group under the heading
"FINANCE" if over 50 percent of "total receipts" consists of investment income.
Enter the business group "code number" on page 1, under B, from the following list. Give the code for the specific industry
group from which the largest percentage of "total receipts" is derived.
AGRICULTURE, FORESTRT, AND
FISHERIES
Code
Oil Agriculture, forestry, and fisheries.
MINING
Metal mining:
101 Iron ores.
102 Copper, lead, zinc, gold, silver ores.
109 Other metal' mining.
121 Bituminous coal and lignite mining.
Crude petroleum and natural gas:
131 Crude petroleum, natural gas, and
natural gas liquids.
138 Oil and gas field services.
Nonmetallic mineral and anthracite mining:
141 Stone, sand, gravel.
149 Other nonmetallic minerals, including
anthracite mining.
CONSTRUCTION
151 General building contractors.
152 Highway and street construction and
heavy construction.
155 Special trade contractors.
MANUFACTURING
Beverage industries:
191 Soft drinks, carbonated waters, and
flavoring extracts and sirups.
192 Malt liquors and malt.
194 Wines, brandy, and brandy spirits.
195 DisCled, rectified, blended liquors.
Food and kindred products:
200 Meat products.
201 Dairy products.
202 Canning and preserving fruits, vege-
tables, and seafoods.
203 Grain mill products.
204 Bakery products.
205 Sugar.
206 Confectionery and related products.
207 Vegetable oil mills and animal, ma-
rine, and edible fats and oils.
208 Other food preparations and kindred
products.
211 Tobacco manufactures.
Teitile mill products:
220 Yarn and thread mills.
221 Broad woven fabric mills, cotton.
222 Broad woven fabric mills, man-made
fiber and silk.
223 Broad woven fabric mills, wool:
including dyeing and finishing.
224 Narrow fabrics and other small wares
mills: cotton, wool, silk, and man-
made fiber.
225 Knitting mills.
226 Dyeing and finishing textiles, except
wool fabrics and knit goods.
227 Floor covering mills.
228 Other textile goods.
Apparel and other finished products made from
fabrics and similar materials:
231 Men's, youths', and boys' suits, coats,
overcoats, furnishings, work clothing,
and allied garments.
233 Women's, misses', children's, and
infants' outerwear and undergar-
ments.
237 Hats, caps, and millinery, fur goods,
and other apparel and accessories.
238 Other fabricated textile products.
Lumber and wood products, except furniture:
241 Logging camps, logging contractors,
and sawmills and planing mills.
243 Mlllwork. veneer, plywood, and pre-
fabricated structural wood products.
249 Wooden containers and other wood
products.
Furniture and fixtures:
251 Household furniture.
259 Office, public building, and other
furniture and fixtures.
Paper and allied products:
261 Pulp mills.
262 Paper, paperboard, building paper,
and building board mills.
265 Paperboard containers and boxes.
269 Converted paper and paperboard
products, except containers and boxes.
Printing, publishing, and allied Industrie*:
271 Newspapers: publishing, publishing
and printing.
Code
272 Periodicals: publishing, publishing
and printing.
273 Books.
275 Commercial printing, manifold busi-
ness forms, and greeting cards.
278 Other publishing, bookbinding and
related industries, and service Indus-
tries for the printing trade.
Chemicals and allied products:
280 Industrial inorganic and organic chem-
icals.
281 Plastics materials and synthetic
resins, synthetic rubber, synthetic and
other man-made fibers, except glass.
282 Drugs.
283 Soap, detergents, and cleaning prepa-
rations.
284 Paints, varnishes, lacquers, enamels,
and allied products.
285 Perfumes, cosmetics, and other toilet
preparations.
286 Agricultural chemicals.
288 Gum and wood chemicals and other
chemical products.
Petroleum refining and related Industries:
291 Petroleum refining.
299 Paving and roofing materials and
other products of petroleum and coal.
Rubber and miscellaneous plastics products:
301 Tires and Inner tubes.
306 Rubber footwear, reclaimed rubber,
and other fabricated rubber products.
307 Miscellaneous plastics products.
Leather and leather products:
314 Footwear, except rubber.
319 Leather and other leather products.
Stone, clay, and glass products:
321 Flat glass, glass and glassware, pressed
or blown, and glass products made of
purchased glass.
324 Cement, hydraulic.
325 Structural clay products.
326 Pottery and related products.
327 Concrete, gypsum, and plaster prod-
ucts.
329 Cut stone and stone products and
■ abrasive, asbestos, and other non-
metalllc mineral products.
Primary metal industries:
331 Blast furnaces, steelworks, and rolling
and finishing mills.
332 Iron and steel foundries.
333 Primary and secondary smelting, re-
fining, rolling, drawing, and extruding
of nonferrous metals and alloys.
336 Nonferrous foundries.
338 Other primary metal industries.
Fabricated metal products (indnding ordnance),
except machinery and transportation equipment:
340 Metal cans.
341 Cutlery, hand tools, general hardware.
342 Heating apparatus (except electric)
and plumbing fixtures.
343 Fabricated structural metal products.
344 Screw machine products, bolts, nuts,
screws, rivets and washers.
345 Metal stampings.
346 Coating, engraving, and allied services.
347 Ordnance and accessories.
348 Miscellaneous fabricated wire prod-
ucts and other fabricated metal prod-
ucts.
Machinery, except electrical and transportation
equipment:
350 Engines and turbines.
351 Farm machinery and equipment.
352 Construction, mining, and materials
handling machinery and equipment.
353 Metalworking machinery and equip-
ment.
354 Special industry machinery, except
metalworking machinery.
355 General industrial machinery and
equipment.
356 Office, computing, and accounting
machines.
357 Service Industry machines.
358 Other machinery, except electrical and
transportation equipment.
Electrical machinery, equipment, and supplies:
361 Electric transmission and distribution
equipment.
362 Electrical industrial apparatus.
363 Household appliances.
364 Electric lighting and wiring equip-
ment.
Code
365 Radio and television receiving sets,
except communication types.
366 Communication equipment.
367 Electronic components and acces-
sories.
368 Other electrical machinery, equip-
ment, and supplies.
Transportation equipment, except motor vehicles:
371 Aircraft.'
372 Aircraft parts.
373 Ship and boat building and repairing.
374 Railroad equipment.
379 Motorcycles, bicycles, and parts and
other transportation equipment.
Motor vehicles and motor vehicle equipment:
381 Motor vehicles, passenger car bodies,
truck and bus bodies, truck trailers.
384 Motor vehicle parts, accessories.
Professional, scientific, and controlling instru-
ments; photographic and optical goods; watches
and clocks:
391 Engineering, laboratory, scientific and
research, and measuring and control-
ling instruments and equipment.
393 Optical instruments and lenses, sur-
gical, medical, and dental instruments
and supplies, ophthalmic goods.
396 Photographic equipment and sup-
plies.
397 Watches, clocks, clockwork operated
devices, and parts.
Other manufacturing industries:
401 Jewelry, silverware, and plated ware.
402 Costume Jewelry and costume novel-
ties, except precious metal.
404 Toys, amusement, sporting and
athletic goods.
408 Manufacturing not elsewhere classi-
fied.
TRANSPORTATION. COMMUNICATION,
ELECTRIC, GAS, AND SANITARY SERVICES
Transportation:
411 Railroad transportation.
412 Local and suburban transit.
413 Motor freight transportation and
warehousing.
414 Taxlcabs, intercity passenger trans-
portation, school busses, and other
local and interurban passenger trans-
portation.
415 Pipe line transportation.
416 Water transportation.
417 Transportation by air.
418 Transportation services.
Communication:
421 Telephone communication (wire or
radio).
422 Telegraph communication (wire and
radio).
423 Radio broadcasting and television.
429 Communication services, not else-
where classified.
Qectrk and gas companies and systems:
431 Electric companies and systems and
combination companies and systems.
432 Gas companies and systems.
441 Water supply and other sanitary services.
WHOLESALE TRADE
Groceries and related products:
477 Meats and meat products.
479 Poultry and poultry product?, fish
and seafoods, and other groceries and
related products.
Electrical goods, hardware, plumbing, heating
equipment and supplies:
486 Electrical goods.
487 Hardware, and plumbing and heating
equipment and supplies.
Other wholesalers:
491 Beer, wine, and distilled alcoholic
beverages.
492 Dry goods and apparel.
493 Drugs, chemicals, allied products.
494 Lumber and construction materials.
495 Machinery, equipment, and supplies.
496 Motor vehicles and equipment.
497 Farm products— raw materials.
498 Wholesalers, not elsewhere classified.
RETAIL TRADE
521 Food.
General merchandise:
531 Department stores.
532 Mail order houses.
Code
533 Limited price variety stores.
539 Merchandise vending machine oper-
ators, direct selling organizations, and
other general merchandise stores.
541 Apparel and accessories.
551 Furniture, home furnishings, equipment.
Automotive dealers and gasoline service stations:
561 Motor vehicle dealers.
563 Tires, batteries, accessories; aircraft,
marine, and other automotive dealers.
564 Gasoline service stations.
581 Eating and drinking places.
Building materials, hardware, farm equipment:
591 Building materials.
595 Hardware and farm equipment.
Other retail stores:
601 Drug stores and proprietary stores.
602 Liquor stores.
607 Jewelry stores.
608 Secondhand, book, sporting goods,
farm supply, fuel and ice dealers, and
other retail stores.
FINANCE, INSURANCE, AND REAL ESTATE
Banking:
621 Commercial and stock savings banks,
trust companies, and establishments
related to banking.
622 Mutual savings banks.
Credit agencies other than banks:
632 Savings and loan associations.
634 Personal credit institutions.
635 Business credit institutions.
638 Other credit agencies.
Holding and other investment companies:
641 Operating holding companies (com-
panies which derived less than 90 per-
cent but more than 50 percent of
"total receipts" from investments).
642 Regulated investment companies.
643 Small business investment companies,
1958 Act.
649 Other investment and holding com-
panies (other companies which de-
rived 90 percent or more of "total
receipts" from investments).
651 Security and commodity brokers, dealers,
eschanges, and services.
Insurance carriers:
661 Life insurance.
662 Mutual insurance, except life or ma-
rine, and except mutual fire insurance
companies issuing perpetual policies.
669 Other insurance carriers.
671 Insurance agents, brokers, and service.
Real estate:
681 Real estate operators (except de-
velopers), and lessors of buildings.
683 Subdivides and developers and
operative builders. >
684 Agents, brokers, and managers.
685 Title abstract companies.
689 Combinations of real estate, Insurance,
loans, law offices.
Lessors of real property, eicept buildings:
692 Mining, oil, and similar properties.
693 Railroad property.
699 Other real property, except buildings.
SERVICES
701 Hotels, camps, other lodging places.
Personal services:
721 Laundries, cleaning and dyeing.
723 Photographic studios, including com-
mercial photography.
729 Beauty, barber, shoe repair, and
pressing shops, funeral and other
personal services.
Business services:
731 Advertising.
739 Credit reporting and employment
agencies, news syndicates, duplicat-
ing, mailing, stenographic, building,
and other business services.
Automobile and other repair services:
751 Automobile repair services and ga-
rages.
759 Other repair services.
Motion pictures:
781 Motion picture production, distri-
bution, and service industries.
783 Motion picture theaters.
791 Amusement and recreation services, except
motion pictures.
801 Other service*.
INDEX
A Page
Accounts payable 6
Additional first-year depreciation:
Sole proprietorships 6, 47
Partnerships 76-79
Adjusted gross income 6
Advertising 6
Amortization 6, 48
Amounts contributed under plans 6
Assets. (See Total assets.)
G
P£LHS
Geographic data. (See State data.)
Gift deductions 7
Gross loss. (See Gross profit.)
Gross profit 8
Partnerships 54-66, 76-78, 80
Gross receipts. (See Business receipts, part-
nerships.)
Gross sales and gross receipts. (See Business
receipts, corporations.)
B
Bad debts 6, 7
Balance sheets, corporations 105-120
Business receipts 3-5, 7
Corporations 3-5 , 88-103, 121-126
Partnerships „ 3-5, 5-4-66, 73-78, 80
Sole proprietorships 3, 5, 6, 10, 22-52
H
Historical data 129
Historical tables:
Sole proprietorships 130-134
Partnerships 135-14-1
Corporations 142-147
C
Capital gains 7
Capital losses 7
Capital stock 7
Cash 7
Casualty loss 7
Charitable contributions 7
Compensation of officers 7
Compiled net profit or loss 7
Cost of goods sold 7, 8, 80
D
Deficit. (See Net income.)
Depletable assets 8
Depletion 8, 48
Depreciable assets 8
Depreciation 3, 5, 8
Sole proprietorships 3, 5, 6, 36-39, 47, 48
Partnerships 3, 5, 54-66
Corporations 3, 5, 88, 89, 96-103
Dividends received 8
I
Income. (See Net income for corporations, net
profit for partnerships, and net profit for
sole proprietorships.)
Income and deduction items, by states 48-52, 81-86
Income statements:
Partnerships 67-72
Corporations 105-120
Industrial classification 8, 9
Intangible assets 9
Investments 9
Inventory 9
Sole proprietorships 22, 23
Partnerships 54, 55
Corporations 88, 89
Limitations of the data.
11-18
Method of estimation.
13
Bnployees, with and without 36-39, 65, 66
F
Facsimiles of forms used:
Sole proprietorships 157-162
Partnerships 163-170
Corporations 171-190
Form 1120-S 8, 123-126
N
Net income or deficit, corporation 4, 9, 88-104,
121-126
Net loss. (See Net profit.)
Net operating loss deduction 9
Net profit 3-5, 9
Sole proprietorships 3, 5, 6, 22-48
Partnerships 3-5, 54-66, 73-78, 80
Corporations 3, 5, 90
191
192 INDEX
Page Page
Nonqualifying dividends 9 Returns and schedules used 10
Notes and accounts receivable 9 Royalties 9, 10
Number of business organizations 3, 4, 9
Sole proprietorships 3, 5, 6, 11, 22-35, 4-0-52
Partnerships 3-5, 12, 54-64, 73-80 s
Corporations 3-5, 12, 88-104, 121-126
Sales and receipts. (See Business receipts.)
Sample, description of, and limitations of
0 data 11-18
Sampling variability 13-18
Ordinary income or loss, partnership. (See net Small business corporations (Form 1120-S) 8
profit or loss, partnerships.) Source Book of Statistics of Income , 151-153
Other assets 9 State data 49-52, 81-86
Surplus reserves 10
Profit. (See Gross profit, net profit. )
T
Taxes paid 9
Total assets 9
Corporations 13, 88, 89, 104
R Total compiled receipts 10, 88-103, 121-125
_ . . _ -.. . . . . . Total deductions 10
Ratio of net profit to business receipts: Total recei ts> (See ^siness reCeiPts, sole
Sole proprietorships 43-46 proprietorships. )
Partnerships 73-75 * * *
Ratio of net income to business receipts:
Corporations 121, 122 y
Receipts. (See Business receipts; total com-
piled receipts.) Unincorporated businesses, basic tables:
Repairs 9 Sole proprietorships 22-52
Response and other nonsampling errors 13 Partnerships 54-86
U.S. GOVERNMENT PRINTING OFFICE: 1963 O - 691-248
-
NOV 1 3
DOES NOT CIRCULATE
s
TATISTICS OF INCOME
Publications in Preparation
VjOrpOrSllOIl Income Tax Returns with accounting periods ended July 1960-June 1961
Income statement and balance sheet information, net income, income subject to tax, statutory special
deductions, income tax, alternative tax, and distributions to stockholders. Size classifications of total
assets, business receipts, net income, income taxed at normal tax and surtax rates, and inventory change.
Other classifications by industry, type of tax, month accounting period ended, and selected ratios. Sep-
arate data for returns with net income, returns of small business corporations taxed through shareholders,
consolidated returns, returns with foreign tax credit, and Western Hemisphere trade corporation returns.
Historical summary 1951-52 through 1960-61.
Individual
Income Tax Returns tor 1961, Preliminary
Sources of income, adjusted gross income, total itemized deductions, exemptions, taxable income, in-
come tax, tax credits, self-employment tax, tax withheld, and tax payments, by size of adjusted gross
income, taxable income and tax by tax rate classes.
U. O. DUSinCSS Tax Returns with accounting periods ended July 1961-June 1962, Preliminary
SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS
Number, receipts, profits, depreciation and inventory. Classifications by industry, size of profit, size
of business receipts, and size of total assets.
Fiduciary, Gift, and Estate Tax Returns filed during m;
FIDUCIARY INCOME TAX RETURNS FOR I960: Sources of income, deductions, exemptions, income
tax, tax credits, and tax payments. Classifications by bank and nonbank administered trusts, estates,
size of total income and taxable income, tax status, type of tax, and States. Historical summary 1951-60.
GIFT TAX RETURNS FOR 1960: Total gifts, exclusions, deductions, specific exemption, and gift tax.
Classifications by type of gift, size of taxable gift and total gift, gift status, recurrent donors, consent
status, and States.
ESTATE TAX RETURNS: Gross estate, deductions, exemption, estate tax, tax credits, out-of-state
real estate, stocks and bonds of unlisted out-of-state corporations, life insurance, and annuities. Classi-
fications by type of property, tax status, and States. Historical summary 1951-60.
Recent Publications
Corporation Income Tax Returns with accounting periods ended July 1960-June 1961, Preliminary (35
pp., 30?)
Individual Income Tax Returns lor 1960 (165 pp., SI. 00)
Fiduciary, Gilt, and Estate Tax Returns filed during 1959 (116 pp., 70?)
Sales ol Capital Assets Reported on Individual Income Tax Returns tor 1959 (21 pp., 25c)
Statistics of Income publications are for sale by the Superintendent of Docurrn
Ifice, Washington 25, D. C.
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