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Full text of "Statistics of income"


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BOSTON 
PUBLIC 
LIBRARY 




STATISTICS OF INCOME . . . 1962 



Individual 

INCOME TAX 
RETURNS 



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Bostoa Public Library 
Superintendent of Docu^aents 



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U. S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE 



Statistics of Income 



1962 



Individual 

INCOME TAX 
RETURNS 







'*^^* 



Prepared under the direction of the 
Commissioner of Internal Revenue 
by the Statistics Division 



U. S. TREASURY DEPARTMENT 



Internal Revenue Service 



Publication No. 79 (1-65) 



INTERNAL REVENUE SERVICE 



BERTRAND M. HARDING, Acting Commissioner 

WILLIAM H. SMITH, Assistant Commissioner (Planning and Research) 

STATISTICS DIVISION 

VITO NATRELLA, Director 

JAMES M. JARRETT, Assistant Director 

THOMAS F. McHUGH, Chief, Income, Finance, and Wealth Branch 

TED E. McHOLD, Chief, Statistical Techniques Branch 

HERMAN E, GUTERMAN, Associate Chief, Statistical Techniques Branch 

ROBERT J. TOLLIVER, Chief, Systems Planning and Review Branch 



This report on individual income tax returns 
was prepared under the direction of Jack 
Blacksin, Supervisory Statistician in the Income, 
Finance, and Wealth Branch, assisted by Keith 
Gilmour and Raymond D. Plowden. 

Other branches of the Statistics Division 
assisted in development of the sample design 
and the computer systems design, the prepara- 
tion of processing procedures, and the post- 
tabulation review of the data. Statistical and 
computer processing of the data were conducted 
by the service centers at Ogden, Utah; Kansas 
City, Missouri; and Lawrence, Massachussetts. 



UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1965 



For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 - Price $1.50 



LETTER OF TRANSMITTAL 



Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C., January 12, 1965, 

Dear Mr. Secretary: 

I am transmitting the Statistics of Incom.e-1962, Individual Income Tax 
Returns. This report was prepared in partial fulfillment of the requirements 
of section6108of thelnternalRevenueCodeof 1954, which provides that statistics 
be published annually with respect to the operation of the income tax laws. The 
statistics in this report relate to the more than 62 million individual income tax 
returns, Forms 1040 and 1040A, filed during calendar year 1963. 

Data are shown for sourcesof income, excludable sick pay, types of itemized 
deductions, exemptions, taxable income, income tax, self-employment tax, tax 
credits, taxpayments, and overpayments, all classified by size of adjusted gross 
income. 

Other significant classifications include tax rates, marital status, patterns 
of income, size of income source, types of exemptions, taxpayers age 65 or over, 
and States. 

New information relating to contributions by type of recipient, itemized 
deductions as a percent of adjusted gross income, size of investment credit, 
and itemized deductions and types of exemptions by States is included in this 
report. 



Acting Commissioner of Internal Rev 




Hon. Douglas Dillon, 

Secretary of the Treasury. 



ni 



CONTENTS 

Page 

Guide to basic and historical tables 2 

Individual income tax returns for 1962 3 

Returns, income, and tax increased substantially 3 

Excludable sick pay reported on 1.7 million returns '...'..'..'..'. 4 

Reported dividends increased / 

Itemized deductions up 8.5 percent from 1961 .'..'.".'..'." 5 

New information shown for charitable contributions 6 

Medical deduction exceeded $6.1 billion .'..".'.'.'.'.'.....'..'" 8 

Taxes paid most frequently reported deduction '.'............. 9 

Taxpayers claimed 66.5 million exemptions for children ..............[^ . 11 

Taxpayers age 65 or over reported 53.7 percent of rental income ^!!!^! 11 

Impact of new investment credit measured ]^2 

Half of tax generated at lowest rate '_ _ ]^2 

Joint returns numbered almost 60 percent of total filed ' 13 

Sources of data , „ 

Description of the sample and limitations of the data ..[....... 14 

Explanation of classifications and terms 21 

Basic tables, individual returns, 1962 2I 

Historical tables, individual returns, 1953-1962 I55 

Synopsis of laws , ^^ 

1962 forms and instructions ^-jq 

Index 211 

V 



Individual 

Income Tax 

Returns 



Guide to basic and historical tables . . . 

BASIC TABLES 

Table Page 

No. No. 

Cumulated income and tax 1 33 

Sources of income and loss 2-4 35-38 

Percent distribution of sources of income 5 53 

Size of income source 6 54 

Patterns of income 7 60 

Salaries and wages as a percent of adjusted gross income 8 63 

Characteristics of returns with interest received 9 65 

Capital gains and losses 10-11 70-73 

Form 1040A returns 12 78 

Selected data by marital status and type of deduction 13 79 

Itemized deductions 14-17 85-102 

Exemptions 18 103 

Tax computation and tax rates 19-21 109-114 

Returns with at least one taxpayer age 65 or over 22-25 116=124 

State data 26-31 125-154 

HISTORICAL TABLES 

Characteristics of returns 32 156 

Number of returns and adjusted gross income 33 157 

Returns with income tax 34 158 

Sources of income 35 160 

Itemized deductions 36 160 

Sources of income by income class 37 161 

State data 38 163 

2 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Income and tax statistics for 1962 presented in this 
report were derived from a sample of the 62.7 million 
individual income tax returns filed during 1963. 

Several amendments to the Internal Revenue Code of 
1954, made in 1961 and 1962, affect the comparability of 
the 1962 data with those for prior years. 

Public Law 87-834 provided for a credit against tax of 
7 percent of a taxpayer's qualified investment in new and 
used tangible personal property which is subject to de- 
preciation. The qualified investment was: (1) lOOpercent 
of the cost or basis of property with a useful life of over 
eight years; (2) 66-2/3 percent .of the cost or basis of 
property with a useful life of at least six years but less 
than eight years; and (3) 33-1/3 percent of the cost or 
basis of property with a useful life of at least four years 
but less than six years. No part of the cost or basis of 
property with a useful life of less than four years quali- 
fied. When an individual's tax liability was greater than 
$25,000, the limitation on the investment credit was 
$25,000 plus 25 percent of the tax liability over that 
amount. The tax credit could not exceed the taxpayer's 
tax liability. 

Public Law 87-876, effective for taxable years ending 
after October 24, 1962, liberalized the retirement income 
credit by increasing the maximum base for the credit from 
$1,200 to $1,524. This law also provided for changes in 
the earned income reductions on the maximum base. If 
an individual was under 62 years of age, the $1,524 
limitation was reduced by an amount equal to 100 percent 
of any earned income over $900. If an individual was at 
least age 62 but under 72, the $1,524 limitation was re- 
duced by an amount equal to 50 percent of any earned 
income between $1,200 and $1,700, and was further 
reduced by an amount equal to 100 percent of any earned 
income over $1,700. There was no reduction in the base 
of the credit for any earned income of an individual age 
72 or over. 

Public Law 87-863, in effect for taxable years begin- 
ning after 1961, revised the ceiling limitations on medi- 
cal and dental expense deductions. This amendment 
stated that the maximum medical expense deduction was 
equal to $5,000 (under previous law, $2,500) times the 
number of exemptions the taxpayer was entitled to (ex- 
cluding those for age and blindness). The overall limi- 
tation was $10,000 (previously $5,000) for a single per- 
son or a married person filing a separate return. The 
limitation was $20,000 (previously $10,000) for taxpayers 
filing a joint return, or taxpayers who were for tax pur- 
poses head of household or surviving spouse. 

If a taxpayer and his spouse were both age 65 or older 
and were both disabled, the maximum deduction was 
$40,000 if they filed jointly, with a limit of $20,000 
for each. 



Public Law 87-64, in effect for 1962, increased the 
tax on self-employment income from 4.5 percent to 4.7 
percent. The maximum amount of self-employment in- 
come subject to the tax remained at $4,800. 



RETURNS, INCOME, AND TAX INCREASE 
SUBSTANTIALLY 

Chart 1 shows the ten-year trend of returns in three 
broad income size classes. The 62.7 million returns 
filed for 1962 represented a 1.2 million return increase 
over 1961, the largest single year increase since 1955. 
Returns with income under $5,000 (for 1962, about 34.1 
million) decreased by 586,000. 

Returns with income $5,000 under $10,000 (almost 
21.5 million) increased by 728,000, and returns with in- 
come $10,000 or more increased by 1.1 million to 7.1 
million. The increase of returns with income $10,000 
or more is the largest ever recorded for this class in 
Statistics of Income, 



Chart L -NUMBER OF RETURNS BY SIZE OF ADJUSTED GROSS 
INCOME, 1953-1962 





y 


All 


-^ 


-^ 


X 


^ ■■ 


y 


-r ^ 




















■ -. 





... 


Retun 


IS under 


$5, 000 


















■"'" 


~-^ 


















Returr 


s $5, 000 


under $ 


10. COO 


















"""■ 


















RetL 


rns JIO, 


000 or TT 


°-._. 









1953 1954 1955 J956 1957 1958 1959 1960 1961 1962 



Table A indicates the amount of change in the major 
sources of income, taxable income, and taxes for 1962. 
Net adjusted gross income increased to another all time 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table A.— NUMBER OF RETURNS, INCOME 


, AND TAXES 


: 1962 AND 1961 


Hem 


1962 


1961 


Increase or 
decrease 
(-), 1962 
over 1961 




(1) 


(2) 


(3) 




62,712,386 

50,092,363 
12,620,023 


61,499,420 
48,582,765 
12,916,655 


















(Millian dotUrm) 




3i8,701 
283,373 

23,925 
9,344 

5,771 

2,870 

509 

2,323 

20, 584 

195,320 

44,903 

887 


329,861 
266,902 

22,630 
6,949 

7,621 

2,759 

505 

1,860 

18,636 

181,780 

42,225 

840 




Sources of income; 




Business, farm, and profession net profit 




Partnership net profit and net loss 

Sales of capital assets, net gain and net 


395 


































NOrE: Detail may not add to total because of 


rounding;. 







high of $348.7 billion, as each major source of income 
rose with the exception of capital gains. Salaries and 
wages increased by 6.2 percent to $283.4 billion. Busi- 
ness profit rose 5.7 percent, while partnership profit 
rose 4.4 percent. Capital gains dropped from the 
record high for 1961 by over $1.8 billion, a 24.3 percent 
decline. 

Taxable income (that part of adjusted gross income 
remaining after allowable exemptions and deductions) 
increased by $13.5 billion to $195.3 billion for 1962. 
Income tax after credits amounted to $44.9 billion, an 
increase of $2.7 billion. This increase was limited by 
the new tax credit for qualified investment which amounted 
to almost $223 million. 

Self-employment tax on self-employment income rose 
by $47 million to $887 million. The increase was largely 
due to the change in the self-employment tax rate from 
4.5 percent for 1961 to 4.7 percent for 1962. 

Chart 2 shows the proportion of adjusted gross income 
for 1962 attributable to each major source of income. 



Chart a-COMPONEWS OF ADJUSTED GROSS INCOME, 1962 



INCOME FROM OTHER SOURCES 18.7% 




EXCLUDABLE SICK PAY REPORTED ON 
1. 7 NDLLION RETURNS 

Wage earners who received compensation for periods 
of absence from work because of sickness or injury 
were permitted to deduct an amount of sick pay from 
gross salaries and wages received. When covered by 
an employer provided wage continuation plan, the em- 
ployee was allowed a deduction, not to exceed $100 a 
week, for sick pay received in lieu of wages. Sick pay 
could be deducted only on Form 1040. 

Table B shows that excludable sick pay was reported 
on 1.7 million returns for 1962, about 96,000 more than 
for 1961. The amount of excludable sick pay deducted 
for 1962 was $783 million, 6 percent of the nearly $13 
billion salaries and wages from which it was deducted. 

Table B. —EXCLUDABLE SICK PAY BY ADJUSTED GROSS INCOME CLASSES 



Grand total. 



$600 under $1,000 

$1,000 under $1,500... 
*1,500 under $2,000... 
$2,000 under $2,500, , . 

$2,500 under $3,000... 
$3,000 under $3,500... 
$3,500 under $4,000... 

$4,000 under $4,500 

$4,500 under $5,000... 

$5,000 under $6,000... 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under *10,000. . 

$10,000 under $11,000. 
$11,000 under $12,000. 
$12,000 under $13,000. 
$13,000 under $14,000, 
$14,000 under $15,000. 



$15,000 under $20,000... 
$20,000 under $25,000... 

$25,000 under $50,000 

$50,000 under $100,000.. 
$100,000 under $150,000. 



$150,000 under $200,000 

$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



tto adjusted gross 



Under $600 

$600 under $1,000 

$1,000 under $1,500., 
$1,500 under $2,000. 
$2, 000 under $2, 500. , 

$2, 500 under $3, 000. . 
$3,000 under $3,500., 
$3,500 under $4,000., 
$4,000 under $4,500., 
$4,500 under $5,000.. 
$5,000 or more 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Returns wi 


th excludable sick pay 




Salaries 




Number of 
returns 


(net) 


sick pay 










dolUr*) 


doJImrt) 


(1) 


(2) 


(3) 


1,733,080 


12,993,611 


782,747 


1,659,348 


12,797,792 


695, 559 


(1) 
12,449 


15,161 


5,216 


18,867 


31,405 


7,871 


26,772 


60,980 


14,123 


35,044 


94,669 


17,303 


49, 160 


154,756 


22,091 


72,273 


263,522 


31,276 


70,394 


295,477 


■ 39,934 


90,041 


419,622 


41,982 


205,096 


1,102,299 


34,081 


213,205 


1,340,982 


85,728 


193,493 


1,407,659 


58,853 


149,821 


1,236,190 


68,985 


123,371 


1,128,659 


43,397 


106,703 


1,080,942 


40,352 


78,043 


856,846 


30,605 


54,097 


645,691 


20,591 


35,800 


457,561 


14,002 


25,849 


346,710 


13,585 


53,703 


814,764 


26,548 


16,270 


304, 591 


9,120 


19,326 


499,573 


14,037 


4,079 


167,789 


3,526 


593 


32,661 


470 


213 


14,237 


167 


203 


14,811 


152 


25 


1,527 


23 


14 


726 


13 


73,732 


195,819 


87, 188 


3,916 


8,403 


5,083 


7,524 


2,504 


9,009 


5,432 


4,364 


10,249 


9,218 


10,449 


12,507 


7,905 


13,355 


10,213 


5,832 


10,824 


5,235 


4,546 


10,975 


7,466 


6,199 


18,605 


7,661 


5,446 


24,766 


6,430 


3,166 


13,918 


4,070 


7,531 


32,416 


4,129 


6,997 


45,220 


5,136 


446, 174 


1,490,103 


263,356 


891,598 


6,256,670 


345,720 


395, 308 


5,246,838 


173,671 



See text for "Description of the Sample and Limitations of the Data" and 
"Explanation of Classifications and Terms." 

^Estimate is not shown separately because of high sampling variability. However, 
the data are included in the appropriate totals. 

NOTE: Detail may not add to total because of rounding. 



REPORTED DIVIDENDS INCREASED 

Table C shows that individuals reported total foreign 
and domestic dividends for 1962 amounting to $11.1 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 








Domestic and Toreign dividends received 








..... 










Adjusted gross income classes 


Total 


Not eligible for 
.exclusions 


EUgible for exclusions 


from gross income 


(after exclusions) 


for tax credit 


dividends received 


Number 

or 


Amount 
(Th<iu»and 
Ooltmrm) 


Number 
of 


dolUrm) 


Number 
of 


Amount 
do/iartj 


Number 
of 


Amount 
rrhwMnd 
doltmrai 


Number 

of 
returns 


Amount 


Number 
of 


Amount 

(Thouamnd 
dolUrm) 


Number 

of 


Amount 
dollmrg} 




(1) 


(2) 


(3) 


14) 


(5) 


(6) 


(7) 


(S) 


(9) 


(10) 


(11) 


■ (12) 


(13) 


(14) 


Grand total 


7,600,493 


11,138,431 


9U,635 


294,740 


7,301,982 


10,843,657 


7,284,931 


498,623 


5,830,562 


10,639,818 


5,415,694 


10,345,034 


4,171,329 


338,150 


Taxable returns, total 


6,592,649 


10,358,710 


789,574 


271,025 


6,354,177 


10,087,649 


6,341,906 


438,934 


4,992,707 


9,919,785 


4,648,589 


9,648,715 


4,033,694 


334,460 


$6 
$1 
$1 
$2 

$2 
*3 
$3 
$4 
$4 
*5 
$6 
$7 
$8 
$9 

tl 
$1 
$1^ 
$1- 
$1 

$1 
$2 
$2 
. $5 
$1 

$1 
$2 
$5 
*1 


under $1,000 

000 under $1,500 


41,991 
89,482 
110,321 
111,737 
143,933 
167,112 
208,110 
201,279 
230,383 
507, X6 
513,860 
501,112 
476,274 
431,618 
414,782 
343,558 
283,752 
229,908 
195,610 

569,065 

272,985 

414,079 

108,622 

14,864 

4,818 

4,932 

780 

336 


13,775 
38,450 
50,311 
58,913 

89, 114 
97,010 
143,475 
134,704 
130,644 

291, 507 
317,213 
290,096 
278,051 
297, 142 
279,334 
256,031 
243,604 
245,850 
222,909 

860,302 
680, 108 
1, 957, 199 
1,493,286 
540,095 
299, 197 
571,999 
201,418 
276,973 


3,337 
12,291 
11,579 
17,615 
16,401 
20,318 
17,861 
23,132 
24,039 
58,982 
64,267 
59,844 
57,899 
47,676 
41,395 
35,379 
28,023 
22,711 
18,984 

64,407 
35,649 
70,694 
26,920 

5,140 

1,872 

2,094 

351 

164 


470 
1,312 
2,453 
2,132 
1,804 
4,178 
3,949 
4,016 
2,729 

7,211 
8,399 
6,107 
6,046 
14,657 

6,378 
6,229 
7,472 
5,600 
5,691 
21,321 
17,173 
57,784 
36, 270 
13,062 
7,468 
11,448 
4,153 
4,513 


41,789 
34,436 
102,802 
104, 111 
136,259 
161,651 
200,862 
190,766 
218,304 
481,995 
483,471 
477,038 
451,069 
414,541 
401,390 
333, 520 
277,595 
225,859 
191,959 

560,762 

269,470 

410,686 

108, 178 

14,820 

4,806 

4,925 

777 

336 


13,305 
37,138 
47,857 
56,781 
87,310 
92,331 
139,526 
130,689 
127,915 

264,296 
308,314 
283,989 
272,005 
232,435 
272,453 
249,799 
236,132 
240,249 
217,217 
838,975 
662,931 
1,899,406 
1,457,011 
527,031 

291,726 
560,552 
197,266 
272,460 


41,789 
84,436 
102, 009 
104, 111 
135,765 
160,665 
199,969 
190,466 
213,004 

481,401 
482,235 
476,045 
450,969 
413,847 
400,185 
332, 383 
277,094 
225,424 
191,759 

559,392 

269,169 

410,513 

108,080 

14,811 

4,799 

4,923 

777 

336 


2,029 
4,125 
5,172 
5,587 
7,608 
9,437 
11,855 
11,426 
12,964 

29,593 
31,268 
31,296 
31,049 
29,237 
28,764 
24,636 
20,648 
17,213 
14,822 

43,585 
21,452 
33,659 
9,247 
1,283 

414 
422 
66 

27 


35,365 
71,265 
93,256 
93,649 
118,946 
130,956 
169,508 
158,361 
172,240 
379,000 
377,775 
345,921 
340, 115 
305, 126 

277,884 
235,492 
196,968 
167,278 
146, 170 

446, 573 

229,745 

371,554 

104, 160 

14,645 

4,761 

4,386 

774 

335 


11,745 
34,325 
45,138 
53,326 
81,506 
37,573 
131,620 
123,279 
117,680 
261,915 
285,945 
253,799 
247,002 
267,355 
250,569 
231, 397 
222,958 
228,638 
208,088 

816,715 
658,653 
1,923,541 
1,484,041 
538,313 
298,783 
571,576 
201,353 
276, 946 


34,671 
64,932 
35,537 
84,143 
109,085 
123,901 
160,367 
145,567 
155,994 
343,157 
336,120 
312,602 
305,318 
281,476 
256,804 
218,997 
185,455 
159,349 
139,575 
429,695 
223,220 
364,014 
103,316 
14, 571 
4,744 
4,377 
770 
332 


11,276 
33,013 
42,685 
51,194 
79,702 
33,394 
127,671 
119,263 
114,951 
254,703 
277,046 
252,693 
240,956 
253,193 
243,689 
225, 163 
215,484 
223,036 
202,395 

795,390 
641,479 
1,8^5,747 
1,447,764 
525,748 
291,312 
560, 130 
197,200 
272,433 


28,138 
55,559 
72,138 
71,374 

89,812 
105,075 
138,339 
122,676 
129,580 

286,366 
277,096 
264,660 
261,294 
233,045 

214,239 
183,099 
159,926 
138,633 
122,908 

388, 190 

210, 175 

353,331 

102,219 

14,480 

4,723 

4,866 

769 

331 


140 
686 
964 


000 under $2,500 


1,262 

2,170 




2,448 




3,760 




3,346 




3,409 


000 under $6,000 


8,241 
8,964 




8,797 




8,034 


000 under $10,000 

,000 under $11,000 

,000 under $12,000 

,000 under $13,000 

,000 under $14,000 

,000 under $15,000 

, 000 under $20, 000 

,000 under $25,000 

,000 under $50,000 

),000 under $100,000 

X),000 under $150,000 

0,000 under $200,000 

X),000 under $500,000 

X),000 under $1,000,000... 


8,722 
8,598 
8,224 
7,623 
7,945 
7,367 

29,493 
23,016 
68,491 
52,639 
18,744 

9,931 
17,982 
5,881 
7,579 






Nontaxable returns, total 


1,007,844 


779,721 


124,061 


23,715 


947,805 


756,008 


943,025 


59,689 


837,855 


720,033 


767,105 


696,319 


137,635 


3,690 


No 
Un 
$6 


adjusted gross income 

er $600 


55,534 
93, 178 
113,453 
167, 356 
160,940 
135,212 

32,439 
65,439 
44,356 
22,244 
20,713 
46,980 


36,360 
23,386 
40, 038 
68,792 
87,995 
31,068 
59,805 
58,183 
38, 101 
22,745 
28,100 
235,148 


6,941 
14,292 
13,921 
24,085 
13,573 
14,033 
3,827 
8,630 
7,033 
3,774 

7,258 


1,123 

944 

1,631 

3,289 

3,349 

1,469 

1,052 

1,487 

889 

351 

(1) 

7,829 


51,777 
84,751 
105,612 
154,777 
152, 136 
127,853 
78,958 
62,553 
42,462 
21,343 
20,313 
45,215 


35,237 
22,442 
38,407 
65,503 
84,646 
79,599 
53,752 
56,695 
37,212 
22,395 
27,798 
227,322 


51,777 
84,751 
104,225 
154, 677 
152,086 
126,766 
77,972 
62,065 
42,462 
21,343 
19,819 
45,082 


3,257 

4,843 
5,305 
8,742 
9,391 
3,414 
5,324 
4,513 
3,002 
1,533 
1,467 
3,398 


41,867 
75,741 
93,899 
137,897 
137,672 
113,780 
71,990 
56, 142 
33,724 
17,562 
16,825 
40,760 


33, 103 
18,543 
34,233 
60,050 
78,603 
72,654 

54,430 
53,669 
35,098 
21,213 
26,633 
231,750 


37,309 
66,881 
84, 372 
123,631 
128,219 
104,040 
67, 022 
52,561 
31,730 
16,462 
lb, 224 
38,654 


31,980 
17,599 
32,602 
56,761 
75,255 
71, 185 

53,428 
52, 182 
34,210 
20,862 
26,331 
223,924 


(') 
7,937 
27,064 
24,506 

18,095 
19,031 
13,430 
6,626 
5,932 
13,879 


(') 




75 


$1 
$2 


500 under $2,000 


384 
477 


$2 
*3 
*3 


500 under $3,000 

000 under $3,500 

500 under $4,000 


508 
552 
562 
151 


$4 
$5 


500 under $5,000 

000 or more 


249 

719 


Retm 
RetuJ 
Retu] 


-ns under $5,000 

-ns $5,000 under $10,000.. 
-OS $10,000 or more 


2,265,212 
2,467,211 
2,868,070 


1,300,969 
1,546,284 
8,291,178 


263,926 

293,861 
355,848 


38,929 
47,443 
208,368 


2,143,570 
2,343,521 
2,814,891 


1,262,038 
1,498,842 
8,082,777 


2, 135, 157 
2,339,854 
2,309,920 


126,494 
155,192 
216,937 


1,840,645 
1,779,556 
2,210,366 


1,174,471 
1,391,091 
8,074,246 


1,692,648 
1,608,399 
2,114,647 


1,135,544 
1,343,650 
7,865,840 


936,993 
1,334,918 
1,899,411 


21, 158 
43,315 
273,675 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms." 

^Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 

NOTE: Detail may not add to total because of rounding. 



billion, of which $10.6 billion was included in adjusted 
gross income. The 1962 information for dividends (and 
interest) is not directly comparable with the data avail- 
able for tax year 1961. This lack of comparability is 
explained below. 

For both 1961 and 1962, dividends and interest re- 
ported on Forms 1040A could not be identified and were 
included in "Other sources of income." 

For 1961, salary and wage earners (filing Form 1040) 
with $200 or less of dividends and interest did not need to 
file a separate schedule and itemize the sources and 
amounts of these types of income. Dividends and interest 
on these returns were not identifiable as such, and were 
included for statistical purposes in an item labeled 
"sources not supported by Schedule B" (which amounted 
to $602 million). For 1962, taxpayers filing Form 1040 
were required to report all dividends and interest sepa- 
rately regardless of the amounts of these sources. 

Dividend exclusions from gross income totaled $499 
million and the taxcreditfor dividends received amounted 
to $338 million. Taxpayers filing Form 1040A were not 
required to report the exclusion, and they were not allowed 
the tax credit. 



Of the 4.6 million taxable returns which had dividends 
eligible for the tax credit, 615,000 (13 percent) did not 
show any credit applied to income tax before credits. 

ITEMIZED DEDUCTIONS UP 8.5 PERCENT FROM 1961 

Table D shows that nonbusiness deductions were 
itemized on 26.5 million returns, 1.2 million more 
than for 1961. These deductions totaled $41.7 billion 
an increase of $3.3 billion over 1961. 

Table D. —TOTAL ITEMIZED DEDUCTIONS, 1962, 1961, and I960 

[Taxable and nontaxable returns] 





Total 
number of 


Retijms with itemized deductions 


Income year 


Number 


Percent 
of all 


Adjusted 
gross 
income 

Jollmri) 


Total 
deductions 


Total deduc- 
tions as a 
percent of 
adjusted 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 




62,712,386 
61,499,420 

61,027,931 


26,451,105 
25,261,832 

24,083,263 


42.2 
41.1 

39.5 


212,753,691 
196,764,191 

181,131,130 


41,660,909 
38,391,226 

35,313,129 

















INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Chart 3.-1TEMIZED NONBUSINESS DEDUCTIONS, 1962 AND 1960 

^X^_J_TOTAL DEDUCTIONS 




Chart 3 compares the major types of deductions for 
1962 and 1960. Detailed itemized deductions were not 
tabulated for 1961. 

Taxes paid, the most frequently reported deduction, 
increased by 23.9 percent over 1960 to $13.0 billion. 
Deductions for theamountsof interest paid, contributions, 
and medical and dental expense increased by 22.1 percent, 
11.3 percent, and 16.5percentover their respective totals 
for 1960. 



NEW INFORMATION SHOWN FOR CHARITABLE 
CONTRIBUTIONS 

A total deduction for contributions of $7.5 billion was 
reported on 25.1 million returns. This year is the first 
for which detailed data concerning the recipients of the 
taxpayers' contributions were abstracted from the 
returns. 

Table E shows the frequency and amount of contribu- 
tions to four specific groups of recipients and one cate- 
gory of "Other organizations." These types of recipients 
are described below. 

Religious organizations. --Almost 61 percent, $4.6 
billion, of the contributions were to churches, associa- 





:ONTRIBUTIONS BY TYPE OF RECIPIENT: NUMBER OF RETURNS AND AMOUNT OF CONTRIBUTIONS, BY ADJUSTED GROSS INCOME CLASSES 






Returns with deduction for 
contributions 


Deduction for contributions to— 


Adjusted gross income classes 


Number 

of 
returns 


Adjusted 
gross 
income 

(Thaumtnd 
dottmra) 


Amount 

of 

deduction 

dollarw) 


Seligious organizations 


Other charitable 
organizations 


Educational 
institutions 


Hospitals 


Other organizations 




Number of 
returns 


Amount 
(Thaumtnd 
dalUra) 


Number of 


Amount 

(ThouMmitd 
dollar*) 


Number of 


Amount 
(Thouwmd 
■feilara; 


Number of 
returns 


Amount 
(Thou—nd 
dotlmra) 


Number of 


Amount 
(Theumsnd 
dolUrt) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


(13) 


Grand total 


25,144,355 


206,393,622 


7,516,088 


19,978,312 


4,577,826 


17,248,803 


1,065,583 


1,561,757 


274,097 


1,011,038 


113,082 


10,496,107 


1,434,890 


Taxable returns , total 


23,396,328 


201,010,054 


7,095,434 


18,615,638 


4,326,407 


16,328,820 


1,017,930 


1,493,627 


262,061 


962,555 


107,788 


9,846,091 


1,380,647 




46,609 

193,193 

335,182 

474,372 

664, 349 

809,054 

990,429 

1, 140, 116 

1,255,542 

2,996,910 

3,011,542 

2,636,340 

2,009,347 

1,530,823 

1,200,852 

868,088 

620, 163 

447,220 

340,068 

848,249 

348,424 

488,834 

116,297 

15,273 

4,917 

5,008 

788 

339 


41,046 
242,851 
593,800 
1,077,042 
1,834,111 
2,636,209 
3,723,544 
4,857,347 
5,970,320 

16,512,456 
19,549,812 
19,719,569 
17,045,272 
14,502,233 
12,579,187 
9,958,587 
7,733,454 
6,024,368 
4,920,999 
14,448,801 
7,747,890 
16,369,229 
7,651,423 
1,823,626 
841,740 
1,417,185 
523,452 
664,501 


3,295 
16,958 
35,766 
57, 101 
91,431 
119,801 
161,602 
199,328 
236,599 

576,286 
651,920 
638,288 
530,226 
452,434 

386,296 
298, 118 
235,741 
185, 587 
154,665 
458,480 
250,031 
556,367 
330,826 
111,760 

65,936 
143, 161 
56,446 
90,985 


36,505 
144,216 
250,384 
350,900 
502,670 
598,904 
740,453 
871,714 
978,112 

2,363,168 

2,436,714 

2,114,787 

1,634,166 

1,236,480 

991,229 

716,067 

511,528 

367,457 

281,366 

694, 167 

282,325 

397,241 

93,970 

12,118 

3,842 

3,828 

577 

250 


2,589 
12,007 
24,747 
40,004 
64,917 
80, 596 
111,055 
139,416 
167,603 
401,527 
465,553 
441,751 
372,399 
312,399 

264,331 

203,615 

156,752 

121,835 

99,967 

277,342 

140,869 

267,751 

104,412 

21,937 

9,565 

14,332 

3,504 

2,632 


19,015 

92,424 

158,806 

259,917 

384,262 

468,349 

599, 112 

705,155 

818,517 

2,032,693 

2,131,979 

1,885,776 

1,505,801 

1,156,582 

903,825 

668,039 

479,512 

350,714 

267,710 

660,351 

271,083 

389,940 

96,975 

12,993 

4,218 

4,170 

619 

278 


303 
2,070 
4,207 
6,535 
10,229 
15,416 
19,981 
25,163 
29,070 
77, 115 
89,278 
87,931 
74,494 
67,080 
56,033 
43,906 
35,890 
29,094 
25,008 
74,316 
41,375 
92,620 
57,514 
17,564 
8,326 
15,518 
6,328 
5,066 


4,253 
5,646 
9,259 

16,354 
19,870 
26,029 
30,991 
37,288 

91,201 

99,654 

104,809 

94,964 

94,754 

90, 555 

79,906 

65,231 

56,792 

53,080 

163,963 

93,325 

179,663 

59,090 

9,191 

3,146 

3,264 

506 

243 


168 

434 

272 

976 

1,009 

1,072 

992 

1,213 

5,256 

4,762 

6,246 

6,137 

5,699 

4,819 

4,909 

4,378 

3,506 

3,519 

16,390 
12,771 
43, 305 
43,616 
19,455 
12,976 
30,280 
11,672 
16,228 


(M 
4,353 
9,309 

6,936 
11,725 
15,345 
16,818 
19,011 
51,133 
65,572 
69,938 
61,590 
61,077 
52,703 
44,625 
39,301 
34,794 
31,442 
102,268 
64,456 
134,598 
47,863 
7,868 
2,798 
2,856 
422 
202 


(1) ' 
118 
177 
153 
228 

1,061 
264 
541 

940 
1,934 
2,365 
2,514 
2,695 

1,746 
1,723 
1,761 
1,400 
1,765 
6,825 
6,041 
22,953 
19,371 
7,207 
4,634 
9,784 
4,331 
5,210 


11,191 

59,596 

116,211 

168,400 

234,095 

310,706 

363,780 

421,968 

459,961 

1,093,722 

1,101,421 

1,043,187 

784,778 

639,413 

560,342 

423,570 

319,944 

239,373 

194,888 

544,275 

245,272 

385,218 

100,512 

13,970 

4,555 

4,680 

737 

326 


403 


$1,000 under $1 
$1, 500 under $2 
$2,000 under $2 
$2,500 under $3 
$3,000 under $3 
$3, 500 under $4 
$4,000 under $4 
$4,500 under $5 

$5,000 under $6 
$6,000 under $7 
$7,000 under $8 
$8,000 under $9 
$9,000 under $1 

$10,000 under $ 
$11,000 under $ 
$12,000 under $ 
$13,000 under $ 
$T5,000 under $ 
$15,000 under $ 
$20,000 under $ 
$25,000 under $ 
$50,000 under $ 
$100,000 under 
$150,000 under 
$200,000 under 
$500,000 under 
$1,000,000 or m 

Nontaxable return. 


500 

000 

500 

000 

500 

000 

500 

000 

000 

000 

000 

000 


2,673 
6,261 
10,112 
15,154 
22,555 
28,435 
33,494 
38,175 
91,455 
90,396 
100,003 
74,685 
64,065 


11,000 

12,000 


59,136 
43,799 
36,840 


4,000 

15,000 


29,662 
24,336 
83,425 




48,906 




129,797 




105,999 


>150,000 

«00,000 

;50o,ooo 

.1,000,000 


45,677 
29,957 
72,781 
30,616 
61,850 


, total 


1,746,027 


5,333,568 


420,654 


1,362,674 


251,419 


919,983 


47,653 


68, 130 


12,036 


48,483 


5,294 


650,016 


104,243 




22,531 
106,931 
181,094 
228,403 
248,686 
213,091 
191,623 
160, 061 
108,640 

88,546 
196,371 


7,705 
87,724 
235,657 
394,765 
558,200 
587,377 
623,093 
597,021 
458,370 
419,197 
1,414,459 


2,674 
10,019 
23,211 
33,367 
40,455 

■ 41,638 
42,230 
37, 179 
26,180 
22,834 

140,867 


15,361 
76, 166 
142,163 
173,460 
190,826 
166,402 
151,364 
127,627 
87,559 
73, 198 
158,548 


1,729 
7,148 
16,460 
24,747 
30,651 

31,766 
31,569 
26,871 
19,444 
16,871 
44,163 


7,067 
43,602 
78,916 
113,507 
121,221 
117,942 
112,947 
92,088 
61,003 
50,278 
121,412 


171 
991 
2,037 
2,831 
3,728 
3,900 
4,003 
3,407 
2,279 
2,566 
21,740 


1 2,606 

5,187 
5,839 
8,312 
6,247 
7,786 
6,164 
4,367 
4,000 
17,622 


75 

166 
221 
339 
315 
224 
254 
144 
153 
10, 145 


2,773 
4,000 
6,826 
4,553 
7,312 
6,340 
3,077 
(') 
2,421 
9,194 


48 
299 
196 
130 
176 
264 
636 

(^) 
76 

3,302 


( 10, 523 
\ 38,395 
66,413 
79,495 
92,271 
71,056 
73,423 
58,716 
42,779 
36,029 
80,916 


739 


$600 under $1,0 
$1,000 under $1 
$1,500 under $2 
$2,000 under $2 
$2,500 under $3 
$3,000 under $3 
$3,500 under $4 
$4,000 under $4 
$4,500 under $5 
$5,000 or more. 




1,792 


500 

000 

500 

000 

500 

000 

500 

000 


4,249 
5,372 
5,605 

5,480 
6,171 
6,011 
4,146 
3,169 
61,509 






Returns under $5, 
Returns $5,000 un 
Returns $10,000 o 


DOO 

ler $10,000 


7,458,502 
12,369,100 
5,316,753 


24,945,379 
88,447,945 
93,000,298 


1,201,668 
2,906,017 
3,408,403 


5,678,484 
9,935,737 
4,364,091 


850, 190 
2,032,665 
1,694,971 


4,304,128 
8,326,443 
4,118,232 


138,837 
401,755 
524,941 


200,298 
499,902 
861,557 


8,023 
29, 180 
236,889 


126,338 
316,303 
568,397 


4,581 
10,766 
97,735 


2,715,008 
4,734,848 
3,046,251 


199,996 
431,672 
853,222 







INDIVIDUAL INCOME TAX RETURNS FOR 1962 



tions or conventions of churches, and organizations whose 
operations were incidental to a principal operation of a 
religious character. 

Other charitable organizations. --Over 14 percent, 
$1.1 billion, of contributions were made to organiza- 
tions primarily concerned with the social welfare of the 
community. These included Community Chests, United 
Givers Fund (UGF), American Red Cross, American 
Heart Association, American Cancer Society, National 
Tuberculosis Association, and other similar organi- 
zations. 

Educational institutions. --Contributions made to edu- 
cational institutions comprised 3.6 percent, $274 million, 
of the total deducted. An educational institution was one 
whose primary function was the presentation of formal 
instruction and which (1) normally had a regular faculty 
and curriculum, and (2) normally had a regularly en- 
rolled body of pupils or students at the place where 
its educational activities were carried on. Educational 
institutions owned by religious organizations were in- 
cluded in this category if the institution could be 
separately identified from the religious group. 

Hospitals. --Contributions made to hospitals repre- 
sented 1.5 percent, $113 million, of the total deducted. 
Hospitals qualifying were those which were tax-exempt 



Chart 4. -PERCENTAGE DISTRIBUTION OF CONTRIBUTIONS BY TYPE OF 
RECIPIENT, 1962 



Other 
Organizations 



f 



Charitable 
Organization 



m 



DEDUCTION FOR CONTRIBUTIONS {7.5 BILLION 



and whose principal purposes and functions were the 
providing of hospital and medical care. These included 
Federal and State hospitals, rehabilitation institutions, 
out-patient clinics, and, under certain circumstances, 
organizations directly engaged in continuous medical 
research in conjunction with tax-exempt hospitals. 



Table F.— RETURNS WITH DEDUCTIBLE CONTRIBUTIONS 20 PERCENT OR MORE OF ADJUSTED GROSS INCOME, BY ADJUSTED GROSS INCOME CLASSES 



Adjiisted gross 



contributio: 



Aroount 
(Thouamd 
dolUr*) 



Over 20 percent but 
under 30 percent of 
adjusted gross income 



Amount 

(Thcummnd 
dolUra) 



Grand total. 



$600 under $1,000 

$1,000 under $1,500 

$1, 500 under $2, 000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3, 500 

$3, 500 under $4, OOO 

$4,000 under $4,500 

$4,500 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 $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150,000 under $200,000. . . 
$200, 000 under $500, 000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



25,144,355 



46,609 
193,193 
335,182 
474, 372 
664,349 
809, 054 
990,429 
., 140, 116 
,255,542 
1,996,910 
i, Oil, 542 
,636,340 
;, 009, 347 
.,530,823 



620, 163 
447,220 
340,068 
848,249 
348,424 
488,834 
116,297 
15,273 
4,917 



22,531 
106, 981 
181,094 
228,403 
248,686 
213,091 
191, 623 
160,061 
108,640 



7,458,502 
12,369,100 
5,316,753 



3,295 
16,958 
35,766 
57, 101 
91,431 
119,801 
161,602 
199,328 
236,599 
576,286 
651,920 
638,288 
530,226 
452,434 
386,296 
298,118 
235,741 
185,587 
154,665 
458,480 
250,031 
556,367 
330,826 
111,760 



5,847 
3,460 
8,634 
8,227 
7,767 
9,213 
7,833 
8,418 
11,034 
11,600 
7,451 
5,847 
3,433 
2,805 
1,710 
1,342 
1,375 
1,104 

4,117 
2,845 
5,993 
4,284 
1,365 



(1) 
1,951 
3,833 
4,691 
5,994 
6,417 
8,673 
8,029 
10,452 
14,262 
17,379 
13,488 
14, 169 
8,014 
7,305 
4,757 
4,077 
4,678 
3,901 

18, 186 
16,293 
54,241 
75, 001 
41,937 
30,056 
88,061 
37,892 
65,632 



2,580 

2,513 

3,667 

937 



750 
1,130 
1,541 
2,954 

896 
3,558 



1,653 
1,941 
8,198 
9,868 
6,018 
3,622 
8,727 
3,398 
3,530 



3,767 
4,553 
4,760 
4,953 
3,774 
4,660 
4,074 
5,401 
5,369 
6,454 
4,378 
3,567 
2,113 
1,835 



2,144 
1,567 
3,132 
2,436 



3,336 
2,980 
4,186 
4,047 
6,110 



4,810 
2,554 
2,428 
2,514 
2,485 
8,924 
8,673 
28,506 
41,231 



17,187 
48,493 
17,129 
30,262 



1,362 
2,171 
2,210 

7,067 
5,679 
17,353 
22,964 
11,454 
9,035 
29,642 
15,151 
18,37° 



420,654 
2,674 
10, 019 
23,211 
33,367 
40,455 

41,638 
42,230 
37, 179 
26,180 
22,834 
140,867 

1,201,668 
2,906,017 
3,408,403 



19,833 
19,627 
17, 545 
13,887 
11,800 
6,944 
4,994 
3,281 
6,929 

196,115 
44,732 
30,632 



145,458 
2,260 
4,573 
7,708 
9,122 
10,340 
10,639 
10,442 
7,950 
5,383 
3,577 
73,459 

122,428 
76,235 
516,553 



1,494 
5,847 



33,791 
10,692 
5,153 



10,797 



4,467 
1,330 

16,738 
14,463 
51,868 



9,999 
6,854 
7,733 
2,091 
1,894 

4,156 

96,000 
25,561 
16,838 



1,571 
2, Tib 
3,293 
5,438 
4,565 
6,059 
1,951 
1,936 



56,744 
42, 532 

242,600 



19, 165 

2,187 
2,287 
3,073 
2,593 
2,480 



4,386 
1,166 

29, 333 

6,993 
7,814 



33, 021 
8,931 
5,687 
5,433 
3,567 
1,987 
3,059 



1,199 
2,214 
13,461 



22,403 

14,066 
145,487 



79,491 
1,774 
2,014 
3,320 
2,472 
1,923 
3,255 



5,994 
58,739 

26,544 
5,173 
76,597 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table G.— NUMBER OF RETURNS WITH DEDUCTION FOR CONTRIBUTIONS 


OF PROPERTY: COST OR OTHER BASIS OF PROPERTY AND 
CROSS INCOME CLASSES 


AMOUNT OF 


CONTRIBUTION, BY ADJUSTED 










Ret 


liiTtr. with deduction for 


contribution. 


s of property 








Total 


Less than cost or other basis 


Equal to 


cost or oth€ 


r basis 


More than cost or other basis 


Adjusted gross income classes 


Number of 
returns 


Cost or 
other basis 
of property 

dci:.r.) 


Amount of 
contribu- 

dell.,.) 


Number of 


Cost or 
other basis 
of property 

dotl.r.) 


Amount of 
contribu- 
tion 

dotUr.) 


Number of 


Cost or 
other basis 
of property 

doll.r.) 


Ajiwunt of 
contribu- 

dotl.r.) 


Number of 


Cost or 
other basis 
of property 


Amount of 
contribu- 

fTTMuMnrf 
dolUr.) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


Total 


508,152 


290,317 


233,089 


30,556 


92,735 


29,919 


476,420 


195,373 


195,378 


1,179 


2,202 


7,790 




7i,338 

234,224 

187,715 

7,74a 

1,912 

817 

1,115 

190 

93 


6,569 
16,705 
43,255 
31,820 
18,612 
19, 175 
44,837 
25,352 
83, 992 


4,614 
14,144 
37,137 
30,436 
18,129 
14,451 
40,487 
20, 291 
53,400 


5,239 
9,360 

15,390 
352 
87 
41 
66 
11 
10 


3,224 
3,518 

10,506 
4,555 
2,702 
6,268 
9, 222 
8,154 

44,586 


1,266 
957 
3,500 
2,450 
1,488 
976 
3,548 
1,928 
13,806 


69,099 

224,866 

171, 538 

7,180 

1,749 

743 
997 
167 

81 


3,345 
13,186 
32, 177 
26,678 
15,667 
12,782 
35,293 
16,907 
39, 338 


3,345 
13,186 
32, 177 
26,678 
15,667 
12,782 
35,298 
16,907 
39,338 


788 
216 
76 
33 

52 
12 
2 


574 
587 
242 

124 
316 
291 

68 






_ 




1,462 




1,308 




974 




693 




1,642 




1,455 




256 







Other organizations — The remaining 19.8 percent of 

contributions deducted, almost $1.5 billion, were made 
to organizations not elsewhere classified or not specifi- 
cally stated. Those not elsewhere classified included 
literary, educational, and scientific foundations, li- 
braries, museums, and zoos. 

Table F presents new information related to the per- 
centage limitations on the amount of contributions which 
could be deducted. The deduction for contributions was 
limited to 20 percent of the taxpayer's adjusted gross 
income. However, an additional deduction up to 10 per- 
cent of adjusted gross income was allowed for contri- 
butions to religious organizations, educational institu- 
tions, or hospitals (as defined above). The deduction could, 
in rare cases, be unlimited if the taxpayer met specific 
conditions in 1962 and eight of ten preceding taxable 
years (Section 170 of the Internal Revenue Code). 

Only 1.1 percent of the 25.1 million returns with con- 
tributions showed the deduction equal to or greater than 
20 percent of adjusted gross income. However, 9.5 per- 
cent of the $7.5 billion deduction was reported by this 
small group of taxpayers. 

Returns with contributions greater than 30 percent of 
adjusted gross income numbered slightly more than 
39,000. It would appear that each taxpayer in this cate- 
gory took the "unlimited" deduction; however, without 
further evidence, it is impossible to conclude that all 
of them qualified for the "unlimited" deduction. 

Table G presents new information on contributions of 
property. The law stated that an individual could deduct 
contributions of money, property, or an interest in the 
income or remainder of property. If a contribution was 
made in property, the fair market value of the property 
at the time of the contribution was used as the measure 
of the deduction. 

For 1962, about 2 percent (508,000) of all returns with 
contributions specified some contributions of property. 
Most of these returns, 476,000, showed the aggregate 
contributions of property valued at exactly the aggregate 
cost (or other basis) of the property. A small number 
(slightly more than 1,000 returns) showed the contributed 
property valued at more than the cost of the property. 
In some individual cases, the value of the property was 
over ten times the original cost (or other basis). 



The data in table G at best represent only those 
contributions of property which could be clearly identi- 
fied in the process of statistical editing. The taxpayer 
was not required to enter the description and cost or 
other basis of property contributed on the return form 
itself, but was instructed to enter that information on 
a separate statement. To the extent that taxpayers 
failed to file a statement, the data in table G are 
understated. 



MEDICAL DEDUCTION EXCEEDED $6. 1 BILLION 

Table H shows that individuals who itemized their 
deductions claimed $6.1 billion of deductions for medical 
and dental expenses on 16.1 million Form 1040 returns 
for 1962. This deduction resulted after certain limita- 
tions were applied to expenditures totaling $9.6 billion 
(explanation below). 

A deduction for unreimbursed medical and dental 
expense was allowed, with limitations, to taxpayers who 
itemized these expenses on Form 1040. A supplementary 
schedule, Form 2948 "Medical and Dental Expense State- 
ment", was available for taxpayers to record expenses 
and compute the deduction. The column headings in table 
H conform generally to the language of Form 2948 (a 
facsimile appears in the back of this report). 

Persons in Group I included (1) taxpayer and wife if 
either was age 65 or over, and (2) each dependent parent 
of the taxpayer who was age 65 or over. Persons in 
Group II included (1) taxpayer and wife if both were under 
age 65, (2) dependent parents under age 65, and (3) all 
other dependents regardless of age. A return was clas- 
sified in both Group 1 and Group II if the taxpayer had 
deduction for expenses related to persons in both 
categories. 

Returns with deduction of expenses for Group I indi- 
viduals numbered 2.0 million and showed a deduction 
totaling almost $1.4 billion. In computing the deduction 
for Group I, a taxpayer included expenses for drugs 
(and medicine) only to the extent that they exceeded 1 
percent of adjusted gross income. AH other medical 
and dental expense was allowed in full as a deduction 
for Group I. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table H.— MEDICAL, DENTAL, AND DRUG DEDUCTION AND EXPENDITURE BY ADJUSTED GROSS INCOME CLASSES 



Adjusted gross 



for medical and dental expenses 



Total 



PersonB in Group I 



Amount in 
acess of 1 

percent of 
adjusted 

gross incomt 



Total 
xpenditure 
for Persons 



Grand total. 



$600 under $1,000 

$1,000 under $1,500 

$1, 500 under $2, 000 

$2, 000 raider $2, 500 

$2, 500 under $3, 000 

$3, 000 under $3, 500 

$3,500 under $i,000 

$i, 000 under $4, 500 

$4,500 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 $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13, 000 under $1<, 000 

$14,000 under $15,000 

$15,000 under $20,000 

$20, 000 under $25, 000 

$25,000 under $50,000 

$50, 000 under $100, 000 

$100,000 under *150,000... 

$150,000 under $200,000... 
$200, 000 under $500, OOO. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



Nonta:(able 

Under $600 

$600 under $1,000. 
$1,000 under $1; 
$1,500 under $2j 
$2,000 under $2, 
$2,500 under $3; 
$3,000 under $3, 
$3,500 under " \ 
$4,000 under $4, 
$4,500 under $5j 
$5,000 






Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



25,062 

132,968 

247,491 

377,025 

491, 031 

623,911 

731,963 

836, 548 

905,975 

1,110,133 

,,978,131 

.,637,321 

., 192, 376 

861,254 

627,886 
433,971 
297,600 
210,386 
156,979 
374,968 
133, 148 
158,996 
36,557 



167, 588 

438,657 

858, 342 

1,355,968 

2,037,585 

2,760,523 

3,570,119 

4,314,827 

11,653,303 

12,842,597 

12,269,088 

10, 140, 188 

3,186,853 

6,599,492 

4,999,385 

3,726,961 

2,856,498 

2,283,513 

6,425,093 

2,979,745 

5,324,470 

2,439,751 

684,782 

337,257 

589,447 

195,802 

290,761 



14,430 
22,383 
37,942 
55,337 
62,905 
61,815 
60, 356 

95,667 
68,419 
53,672 
30,910 
23,977 

18,741 
14,895 
10,617 
9,414 
7,894 
21s'922 
9,033 
9,292 



26, 058 
50,566 
105, 113 
180,257 
235,916 
263, 320 
286,044 
523,582 
442, 832 
400, 992 
261,783 
226,859 

196,193 
170,627 
132,624 
126,639 
114,104 
374,650 
200,917 
302, 971 
73,722 
14,524 
4,206 



1,067 
1,478 

3,969 
4,721 
6,224 
7,596 
6,491 

13,334 
9,281 
6,532 
3,787 
3,849 
2,895 
2,196 
1,700 
1,768 
1,168 
4,116 



30,600 
50,404 

67,288 
93,233 
105,759 
104,343 
96,809 
172,711 
122,800 
98,323 
72,406 
56,126 
44,027 
38, 121 
29, 053 
26,794 
21,455 
72,821 
40, 246 
74, 147 
25,913 
4,752 
1,735 
1,895 



55,467 
114,528 
186,590 
304,633 
396,318 
444,177 
459,902 

947,376 
792,991 
733,219 
615,918 
531,901 
461,418 
437,235 
363,228 
361,591 
310,838 
1,250,855 
900,826 
2,547,825 
1,740,234 
569,381 



4,445 
10, 242 
14, 300 
25,710 
32,743 
38,921 
40,615 

74,471 
55,789 
62, 549 
43,616 
34,234 
32,431 
28,459 
22,406 
21,444 
17,596 

69,650 
50,581 
110,199 
49,707 
11,792 
4,825 



67,781 
93,633 
106,845 
104,343 
98,882 
176, 071 
124,286 
99, 510 
72, 899 
56,126 
44,362 
38,489 
29,455 
26,961 
21,555 
73,389 
40,350 
74,249 
25,984 
4,761 



188,001 
305,939 
400,454 
444,177 
469,531 
965,775 
302,941 
742,035 
620, 162 
531,901 
464,977 
441,431 
368,203 
363,845 
312,296 
1,260,415 
903, 075 
2,551,331 
1,744,942 
570,419 
297,319 
539,890 
186,969 
278,986 



18,269 
30,440 
38,967 
46,517 
47, 105 
87,805 
65,070 
69,081 
47,403 
38,083 

35,326 
30,655 
24,106 
23,212 
18,765 
73,765 
52, 195 
112,428 
50,103 
11,341 
4,834 



,529,676 



328,797 



905,491 



551,660 



399,4 



561,664 



442,512 



14,954 
80,747 
158, 586 
211,394 
224,094 
191,287 
162,246 
134,116 
90,626 
73,270 
156,916 



-,930 
66,067 
206,938 
368, 152 
502,681 
527,939 
527,898 
499,373 
383,406 
347,093 
1,095,199 



3,281 
7,712 
31,970 
64,913 
63,136 

48,719 
38,201 
29,232 
11,726 
12,377 
17, 530 



1,003 

6,701 

42,702 

113, 126 

142,104 

135,128 
124,817 
108,544 
49,273 
58,859 
123,234 



8,203 
6,566 
5,395 
3,701 
1,856 
2,044 
4,377 



5,501 
13, 173 
66, 017 
100, 061 
106,676 
87,774 
63, 157 
43,718 



74,222 

82,790 
269,746 



2,017 
12,450 
24, 685 
40,978 
57,316 
43,945 
33,284 
41,022 
18,662 
22,544 
97,544 



5,601 
14,652 
68, 390 
102,234 
108, 156 
89,280 
63, 950 
43,718 
17,769 
17,423 
30,491 



1,915 
12,239 
91,477 
177,720 
242,745 

246,299 
208,122 
162,883 
74,656 
82,790 
269,746 



2,494 
13,276 
28,024 
47,260 
65, 519 
50,511 
43,679 
44,722 
20, 518 
24, 587 
101,922 



5,713,294 
7,926,762 
2,450,037 



18,960,964 
55,998,533 
39,921,652 



628,015 
288,469 
104,858 



1,931,747 
1,953,130 
1,746,390 



70,328 
40, 358 

13,960 



1,071,778 
548,242 
335,992 



3, 246, 567 

3,783,678 
10,352,561 



469, 052 
328,259 
466,568 



1,086,627 
554,768 
388,224 



3,283,582 
3,325,087 
10,391,571 



539,376 

368,617 
485,528 



5,773 
12,226 
19,320 
32,243 
41,326 
49,150 
49,966 
93,041 
69,498 
73,091 
50,021 
40, 352 
37,288 
32,361 
25,432 
24,478 
19,905 

77,513 
54,204 
115,453 
50,840 
11,986 
4,876 
5,926 
1,140 



451,567 



2,504 
13,343 
28,451 
48,391 
66,940 
51,862 
44,927 
45,808 
21,011 
25, 177 
103, 153 



558,697 
388,148 
502,992 



Footnotes at end of table. 



Returns with deduction of expenses for Group II indi- 
viduals numbered 14.1 million and showed a deduction 
totaling almost $4.7 billion. The 1 percent floor on drug 
expense applied also to Group II. In computing the de- 
duction for Group II, a taxpayer added the drug expense 
in excess of the 1 percent floor to the other medical and 
dental expense and reduced the sum by 3 percent of ad- 
justed gross income. The remainder was the deduction 
for Group II. 

The computed medical expense deduction was subject 
to maximum dollar allowances based on marital status of 
the taxpayer and the total number of exemptions other 
than those for age and blindness. These limitations are 
described on page 25. 

As indicated in footnote 1 of table H, the expenditure 
data were computed manually in aggregate for each in- 
come size class. This was done by adding back to the 
deduction amounts disallowed by the 1 percent and 3 
percent floors described above. In any case where the 
drug expense or the other medical and dental expense 
was wiped out by the percentage floors, it was impossible 



to compute the expense because there was no correspond- 
ing deduction. Therefore, the computed expenditure can 
only represent the minimum amount necessary to produce 
the deduction shown on the tax returns. 



TAXES PAID MOST FREQUENTLY REPORTED 
DEDUCTION 

Over $13 billion of taxes paid were deducted by indi- 
viduals on 26.0 million Forms 1040, 98.5 percent of the 
itemized deduction returns for 1962. Table I shows the 
frequency and amount of taxes paid by type of tax. These 
types of tax are described below. 

Real estate — The largest portion of the deduction for 
taxes, 38.9 percent, was taxes imposed upon real estate, 
amounting to $5.1 billion. 

State and local sales. --Almost 84 percent of the re- 
turns with taxes deducted showed an amount of State and 
local retail sales taxes. The deduction, amounting to $2.7 
billion, was 20.6 percent of total taxes paid. 



10 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table H.— MEDICAL, DENTAL, AND DRUG DEDUCTION AND EXPENDITURE BY ADJUSTED GROSS INCOME CLASSES— Continued 



Adjusted gross 



Returns with deduction for medical and dental expenses — Continued 



Persons in Group II 



Amount in 
xcess of 1 

percent of 
adjusted 

gross incomf 



Medical and dental expense 



Amount in 
excess of 3 
percent of 

adjusted 

f 



Total 

for Persons 
in Group II 



Grand total. 



Taxable returns, total, 

$600 under $1,000 

$1,000 under $1,500.. 



$9, 



500 under $3 
000 under $3 
500 under $4^ 
000 under $A 
500 under 



000 under $6,' 
000 under $7,i 
000 under $8,i 
000 under : 
000 under $10,000., 



$10,000 under $11,000 

$11,000 under $12,000 

$12, 000 under $13, 000 

$13,000 under $14,000 

$W,000 under $15,000 

$15, 000 under $20, 000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 
$150, 000 under $200, 000. . . 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



Under $600 

$600 under $1,000. 
$1,000 under $1,501 



500 under 
000 under $3, 
500 under $«' 
000 under $i, 
500 under 



000 < 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



12,0fti 
84,234 
140,205 
216,685 
293,910 
372,609 
415,258 
483,058 
538,372 
,225,600 
.,121,504 
926,333 
665, 160 
4«6, 137 
319,754 
210,948 
136,587 
93, 101 
63,719 
140, 3*8 
36,587 
24,749 
1,344 



11,217 
105,620 
248, 043 
491,435 

810,576 
1, 214, 124 
1,561,473 
2,060,111 
2, 556, 104 
6,741,194 
7,274,632 
6,922,661 
5,636,514 
4,606,766 
3,346,292 
2,417,621 
1,701,095 
1,252,422 

921,545 
2,369,715 

808,344 

764,557 

83,973 

4,824 

684 

334 



5,161 
10,605 
18, 051 
24,959 
33,425 
38, 579 
47,623 
52,203 
121,976 
112,110 
98,736 
73,865 
56,086 
40,496 
27,450 
18,232 
13,615 
9,885 
23,300 
7,394 
5,952 



25,062 

130,795 

216,298 

326,914 

423,450 

531,858 

627,191 

733,591 

809,273 

1,940,481 

1,855,051 

1,542,190 

1,123,549 

808,686 

585,833 

397,522 

269,517 

185,169 

136,293 

304,757 
93,905 
86,077 
10,823 



22,878 

164,520 

382,038 

• 743,395 

1,167,967 

1,731,646 

2,360,069 

3,125,942 

3,845,296 

10,687,528 

12,036,319 

11,527,053 

9,520,026 

7,654,952 

6,133,823 

4,557,954 

3,358,758 

2,492,653 

1,971,217 

5,164,678 

2,076,670 

2,773,030 

694, 809 

114, 363 

39,938 

49,557 

8,833 

11,775 



2,901 
21,565 
45,865 

79,787 

119, 573 
158,769 
203, 149 
262,877 
303, 544 
774,597 
785,802 
703,326 
570,258 
441,290 
353,336 
259, 129 
190,015 
139,343 
113,875 
301, 563 
123,607 
172,705 
45,904 
6,890 



25,062 
130,795 
216,298 
326,914 

423,450 

531,858 

627, 191 

733, 591 

309,273 

1,940,481 

1,855,544 

1, 542, 190 

1,123,549 

808,686 

585,900 

397,522 

269, 517 

185,169 

136,293 

304,757 
93,905 
86,080 
10,823 



164, 520 
382,038 
743,395 

1,167,967 

1,731,646 

2,360,069 

3,125,942 

3,845,296 

10,687,528 

12,039,656 

11,527,053 

9,520,026 

7,654,952 

6,134,515 

4,557,954 

3,358,758 

2,492,653 

1,971,217 

5,164,678 

2,076,670 

2,773,139 

694,809 

114,363 

39,938 

49, 557 

8,833 



2,668 
21,790 
45,007 
75,536 
109,493 
140,242 
170,926 
216,719 
240,385 

575,946 

536,724 

456,248 

353, 522 

267,726 

209,794 

149,836 

107,472 

78, 170 

64,617 

169,925 

68,700 

95,461 

25,678 

3,507 

1,112 

742 

65 



3,466 
27,782 
58,950 
102,752 
152,638 
204,335 
257,343 
331, 101 
381,308 
963,985 
970,658 
871,289 
700,488 
543,44/1 
427,295 
310,755 
225,258 
165,482 
132,975 
348,565 
139,084 
186,303 
47,365 
6,987 
2,317 
2,232 
333 



3,466 

28,061 

64,723 

114,978 

171,953 

236, 578 

298,669 

380,251 

431,274 

1,057,026 

1,040,156 

944,380 

750,509 

583,796 

464,583 

343, U6 

250,690 

189,960 

152,880 

426,078 

193,288 

301,761 

98,205 

18,973 

7,193 

8,158 

1,473 

975 



606,581 



938,489 



507,596 



938,489 



492, 150 



599,740 



6,607 
43,695 
58,244 
69,000 
77,377 
69,472 
63,055 
58,660 
45,728 
34,972 
79,771 



1,968 
35,737 
73,972 
119,693 
174,084 
191,085 
205,091 
213,772 
193,957 
165,443 
502, 110 



3,664 
5,613 
7,964 
9,094 
8,321 
6,979 
6,345 
6,549 
4,833 
13,033 



9,353 
66,095 
90, 196 
109,653 
115,938 
102, 500 
98,396 
90, 399 
72,857 
55,847 
127,255 



3,015 
53,323 
115,461 
190,432 
259,936 
2ffl,640 
319,776 
336,490 
308,750 
264,303 
825,453 



4,072 
19,312 
32,430 
47,032 
54,980 
56, 164 
51,783 
46,955 
47,693 
34,716 
112,459 



9,353 
66,095 
90, 196 
109,653 
115,938 
102, 500 
98, 396 
90, 399 
72,857 
55,347 
127,255 



3,015 
53,828 
115,461 
190,432 
259,936 
281,640 
319,776 
336,490 
308,750 
264, 303 
825,453 



4,910 
21,362 
34,579 
49,232 
56,278 
56, 035 
49,168 
43,205 
44,979 
31,620 
100,732 



5,021 
23,333 
38,733 
56,193 
65,815 

66,396 
60,813 

55,488 
56, 182 
41,203 

130,513 



7,525 
36,676 
67,234 
104,584 
132,755 

118,258 
105,740 
101,296 
77, 193 
66,380 
233,666 



3,083,145 
4,502,049 
1,029,647 



10,438,505 
31,648,267 
13,709,980 



291,350 
475,173 
147,655 



4,635,666 
7,392,355 
2, 076, 148 



15,677,382 
52, 170, 109 
29,529,280 



1,593,167 
3,373,504 
1,725,817 



4,635,666 15,677,382 
7,392,848 52,173,446 
2,076,218 29,530,081 



1,414,184 

2,283,471 

987,529 



1,983,902 
4,165,160 
2,010,571 



2, 547, 599 
4,553,308 
2,513,563 



2,668 
22,046 
50,520 
87,256 
127,762 
170,682 
209,893 
263,236 
287,491 
663,751 
601,794 
525,329 
405,925 
305,808 
245,121 
130,491 
131,578 
101,383 
63,381 
243,689 
120,894 
207,890 
75,780 
15,348 
5,945 
6,600 
1,180 



934,658 



7,404 
34,638 
62,603 
96,542 
121,797 

106,546 
92,847 
87,927 
65,497 
56,207 

202,650 



1,953,562 
2,652,087 
1,473,050 



See text for "Description of the Sample and Lijiiitations of 
^Expenditure was manually computed in aggregate for each in 
in page 9 for further explanation. ) 
^Estimate is not shown separately because of high sampling 
NOTE: Detail may not add to total because of rounding. 



reported by the taxpayers. (See text 



lability." However, the data i 



the appropriate totals. 



Chart 5. -PERCENTAGE DISTRIBUTION OF TAXES DEDUCTED, 
BY TYPE OF TAX, 1962 



Real EsUte Tax 



All Other Taxes 



Brn 



DEDUCTION FOR TAXES PAID $13.0 BILLION 



State income. --The deduction for State income taxes 
was nearly $2.3 billion, or 17.3 percent of the total 
taxes. Almost 71 percent of this deduction was shown 
on returns with income $10,000 or more. 

All other. --The remaining 23.3 percent of taxes de- 
ducted, $3.0 billion, included personal- property taxes, 
auto license fees, State capitation or poll taxes, State 
gasoline taxes, city income taxes, and foreign taxes 
paid (if not claimed as a tax credit). Any amount of 
taxes not specifically stated was also included in this 
category. 

Further information on the deduction for taxes paid 
can be found in tables 17 and 29. Table 17 shows the 
number of returns with deduction for State and local 
sales taxes distributed by size of the deduction. Table 
29 shows the frequency and amount of taxes deducted 
by type of tax and by States. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



11 



Table I . —DEDUCTION FOR TAXES BY TYPES OF TAX AND ADJUSTED GROSS INCOME CLASSES 



Returns with dedu 



State and local 



Grand total. 



$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2, 500 under $3, 000 

$3, 000 under $3, 500 

$3, 500 under $4, 000 

$4,000 under $4,500 

$4,500 under *5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8, 000 under $9, 000 

$9,000 under $10,000 

$10, 000 under $11, 000 

$11,000 under »,12,000 

$12, 000 under $13, 000 

$13,000 under $14,000 

$14,000 under *15,000 

$15,000 under $20,000 

$20, 000 under *25, 000 

$25,000 under $50,000 

$50, 000 under $100, 000 

$100,000 under $150,000.... 

$150,000 under ^200,000 

$200, 000 under $500, 000 

$500,000 under $1,000,000., 
$1,000,000 or more 



Nontaxable returns, total. 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under ;f2,500 



$2,500 under $3,000., 
$3, 000 under $3, 500. 
$3,500 under $4,000., 
$4,000 under $4,500., 
$4,500 under $5,000., 
$5,000 or more 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



212,619,509 



206,451,393 



51,661 

208,557 

362, 173 

507,560 

697, 128 

858,499 

.,051,256 

.,197,700 

.,302,847 

1,110,685 

1,105,829 

1,701,275 

1,052,350 

.,553,473 

,216,420 

879,059 

626,794 

451,271 

342,991 

856,555 

351,401 

493,945 

117, 357 

15,408 

4,947 



51,313 
279, 119 
683,121 
1,192,603 
1,981,471 
2,864,603 
4,005,124 
5,146,041 
6,250,284 
17,279,496 
20,257,446 
20,276,910 
17,473,220 
14,751,082 
12,768,398 
10,108,096 
7,334,479 
6,099,495 
4,972,748 
14,636,500 
7,864,165 
16,599,697 
7,745,913 
1,846,775 
849,265 
1, '.34,404 
530,874 
668,751 



3,190 
19,945 
46,658 
79,313 

129. 166 
186,730 
252, 192 

322. 167 
379,653 

1,061,498 
1,256,895 
1,249,976 
1,071,121 
897,028 
772,303 
599, 398 
463,543 
359,317 
292,342 
856,082 
449, 662 
933, 524 
437,382 
104,948 
43,979 
32,679 
24,257 
31,070 



10,971 

51,705 

125,924 

187, 157 

290, 042 

420,724 

534,059 

656, 178 

755,429 

2,019,157 

2,320,355 

2,179,357 

1,717,630 

1,313,657 

1,043,537 

756,032 

541,345 

390,497 

293,925 

719, 062 

287,616 

397,453 

94,929 

12,317 

3,931 

4,004 

637 

284 



5,799 
16,564 
26,993 

45,227 
69,349 
90,260 
114,480 
136,334 
391, 530 
493,849 
510, 600 
447,059 
371, 190 
322, 563 
248,682 
191, 552 
150,036 
121,139 
345,219 
165,941 
301, 023 
113,982 
22,754 

9,733 
14,313 
3,537 
2,569 



43, 162 
171,510 
298,369 
429,892 

577, 915 

718,792 

875, 138 

1,013,017 

1,078,116 

2,640,630 

2,624,518 

2,302,868 

1,747,290 

1,X3,6IM 

1,036,265 

743,326 

531,649 

383,594 

292,304 

727,291 

295,719 

417,391 

100,072 

13,112 

4,279 

4,334 

671 



1,006 
5,432 
U,822 
20,767 
31,992 
46,061 
63,827 
82,969 
95,117 
267,336 
311,146 
304,617 
248, 156 
212,798 

163, 373 

128,022 
94,057 
71,130 
55,413 

144,210 
64,738 

109,291 
34,569 
5,958 



8,618 

45,377 

116,889 

168,474 

265,514 

353,357 

459,397 

530,653 

530,767 

1,516,111 

1,599,096 

1,454,204 

1,153,559 

883, 578 

716,701 

524,263 

385,373 

273, 121 

217,604 

550,536 
224, 337 
312,730 
73, 819 
9,892 



6,168,116 



627, 



339, 965 



405,318 



28,764 
123,331 
202,598 
253, 134 
280, 032 
234,010 
206,543 
168,928 
124,044 

96, 578 
205,615 



117,012 
303,981 
485,436 
676,879 

694,361 
703,332 
660, 192 
537, 614 
477, 527 
1,500,424 



7,353 
19,642 
39,324 
61,560 
75,595 



47,408 
39,557 
143,864 



164,237 
142,956 
114, 180 
93, 529 



5,225 
11,091 
24,643 
40, 177 
45, 022 

41,398 
35,456 
30,701 
25,275 
19,653 
61,324 



14,481 
89,709 
147,405 
131,913 
209,450 

182,311 
158,751 
135,985 
97,524 
76, 185 
166,483 



5,248 
8,107 
11,132 

11,556 
11,439 
11, 157 
8,221 
7,574 
21,172 



3,960 
15,252 
29,943 
40,900 
55,899 
46,284 
50,431 
39,343 
32,810 
31,132 
59,364 



7,955,398 
12,716,546 
5,375,018 



27,121,371 
91,229,771 
94,268,367 



1, 903, 038 
5,631,392 
5,510,481 



4,176,420 
9,704,326 
4,555,134 



784, 337 
2,261,498 
2, 027, 102 



6,500,125 
10,815,914 
4,560,251 



436,739 

1,362,822 

884,713 



2,880,000 
6,659,147 
3,307,430 



7,675 
11,462 
16,912 
23,093 
27,235 
37,699 
110,239 
119,425 
118,118 
107, 038 

103. 105 
90, 156 
77,433 
64,448 
59,039 

214,232 

147. 106 
396,151 
231, 507 

61,349 
29,839 
52,811 
16,610 
23,728 



1,313 
1,548 
3,392 
2,218 
1,657 
1,761 
2,646 
2,944 
32,332 



111,933 

547,973 

1,594,392 



1,381 
3,050 
16,072 
27, 168 
44,275 
59,362 
81,195 
101,625 
120,974 
314,932 
341,665 
315,329 
257,769 
205,982 
178,131 
132,480 
100,474 
73,655 
57,233 
152,344 
71,330 
132,054 
57,335 
15,001 
7,228 
12,334 
3,566 



133,463 



1,233 
5,424 
8,120 
11,723 
16,050 
14,393 
17,094 
14,739 
11,265 
9,385 
29,032 



570, 033 
1,459,054 
1,004,062 



Table J. 


—NUMBER OF EXEMPTIONS BY TYPE 




T^r-pe 


f exemption 


Number of 


Number of 
exemptions 




62,712,386 












62,712,386 

62,712,386 

5,559,478 

106,400 

28,349,861 
4, 161, 558 





























creased by 583,000, and exemptions for age and blindness 
increased by 352,000 over 1961. 

Detailed data on exemptions can be found in table 18. 
Included in that table are distributions of returns by (1) 
number of taxpayer's sons and daughters, and (2) number 
of other dependents. 



TAXPAYERS AGE 65 OR OVER REPORTED 
53. 7 PERCENT OF RENTAL INCOME 



TAXPAYERS CLAIMED 66. 5 MILLION 
EXEMPTIONS FOR CHILDREN 

Table J shows that a total of 179.8 million exemptions 
were reported on the 62.7 million returns for 1962. The 
total exemptions included 100.8 millionfor the taxpayers, 
66.5 million for the taxpayer's sons and daughters, 5.3 
million for other dependents of the taxpayers, 7.2 million 
for taxpayers who were age 65 or over, and 1 10,000 for 
taxpayers who were blind. 

Exemptions for taxpayer and spouse (which can be 
equated to the number of taxpayers) increased by 1.4 
million over 1961. Exemptions for all dependents in- 



Table K shows that a significant proportion of many 
sources of income was accounted for on returns with at 
least one taxpayer age 65 or over. These returns num- 
bered about 5.6 million, 9 percent of the total returns 
for 1962. Although this particular group of returns had 
only 8 percent of the total adjusted gross income for all 
returns, they showed more than 40 percent of the income 
from pensions and annuities, dividends, interest, rents, 
and royalties shown on all returns. 

Almost 7.2 million exemptions for taxpayers age 65 or 
over were reported on 5.6 million returns. Exemptions 
for two taxpayers age 65 or over were reported on nearly 
1.6 million joint returns of husbands and wives and 



762-244 0-65-2 



12 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



RETURNS WITH AT 



[Taxable and nontaxable 





All returns 


Returns with at least one 
taxpayer age 65 or over 




Amount 
thtUrt) 


Percent 

of 
adjusted 
gross 


Amount 
■fclJar.J 


Percent of — 


Sources of income 


Adjusted 
gross 
income 


Income 
for all 
returns 
(Col.l) 




(1) 


(2) 


(3) 


(4) 


(5) 


Adjusted gross income less 


348,701,466 


100.0 


27,881,015 


100.0 










283, 372, 515 

23,925,356 
9,344,317 

5,771,028 
10,639,818 

7,155,412 
2,870,405 
509,323 
2,322,493 
2,789,107 


81.3 

6.9 
2.7 

1.7 
3.0 

2.0 
0.8 

0.1 
0.7 
0.8 


10,773,031 

1,960,005 
1,025,159 

1,936,749 
4,970,854 

2,948, Ul 
1,542,508 

208,094 
1,805,808 

710,488 


38.6 

7.0 
3.7 

6.9 
17.8 

10.6 
5.5 
0.8 
6.5 
2.6 




Business, farm, and profession net 




Partnership net profit and net Ic^ 
Sales of capital assets, net gain 


11.0 


Dividends (after exclusions) 


46.7" 


Rents net income and net loss 

Royalties net income and net loss. 


53.7 

'io.g 


All other sources, income and loss 


25.5 



NOTE: Detail i 



43,000 separate returns of husbands and wives (derived 
from table 25). 

Tables 22-25 present the detailed data for returns 
with at least one taxpayer age 65 or over. Table 22 
shows sources of income and tax items for all returns 
with an age exemption. Table 23 shows income and tax 
items for returns with standard deduction. Table 24 
shows income, deductions, and tax items for returns 
with itemized deductions. Table 25 shows total ex- 
emptions and exemptions for dependents by marital 
status of taxpayer. 



IMPACT OF NEW INVESTMENT CREDIT 
MEASURED 

For the first year that a tax credit was allowed for 
qualified investment in new or used property, individual 
income taxpayers reported almost $223 million of credit 
on over 1.4 million returns. This new credit against tax 



Table L. - 


-NUMBER OF RETURNS WITH INVESTMENT 


CREDIT BY SIZE OF CREDIT 


AND ADJUSTED GROSS INCOME 


CLASSES 










Number of 

returns 

with 

investment 

credit 


Amount 

of 
credit 

MI.,.) 










Siz 


e of investment cred 


it 






Adjusted gross income classes 


Under $250 


*250 under $500 


$500 under $1,000 


♦1,000 under $5,000 


♦5,000 under 
♦25,000 


♦25,000 or more 


Number of 


Amount 


Number of 


Amount 
•hll.r.) 


Number of 


Amount 
dcll.r.) 


Number of 
returns 


Amount 


Number of 
returns 


Amount 
dolUr.) 


Number of 
returns 


Amount 

dattmr.) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(U) 


(12) 


(13) 


(14) 




1,449,593 


222,834 


1,225,807 


84,721 


135,429 


47, 131 


62,217 


41,736 


25,345 


42,582 


782 


6,187 


13 








Taxable returns , total 


1,321,982 


195,245 


1,128,713 


76,301 


117,834 


41,124 


52,994 


35,399 


21,750 


36,632 


678 


5,312 


13 


477 


Under $5, 000 


303,301 
479,604 
497,999 
32,629 

4,650 
3,799 


22,835 

53, 188 
96,611 

11,315 
2,660 
3,636 


288,028 
413, 055 
399,062 
23,722 
2,884 
1,962 


17,781 
29,046 
27,294 
1,799 
223 
158 


14,273 
48,215 
50,413 
3,731 
652 
550 


4,499 
16,926 
17,943 
1,314 
239 
203 


1,000 
16,741 
31,565 

2,681 

513 
494 


555 

10,493 

21,738 

1,899 

364 

350 


(^) 

16,701 

2,259 

534 

663 


(M 

27,880 
4,455 
1,150 
1,424 


258 
236 
64 

120 


1,756 

1,848 

591 

1,117 


3> 
10 


- 






















Nontaxable returns, total 


127,611 


27,589 


97,094 


8,420 


17,595 


6,007 


9,223 


6,337 


3,595 


5,950 


104 


375 








97,887 
29,724 


11,266 
16,323 


85,795 
11,299 


7,072 
1,348 


10,692 
6,903 


3,413 
2,594 


1,400 
7,823 


781 
5,556 


3,595 


5,950 


104 


875 


: 

















See text for "Description of the Sample and Limi 
^Estimate is not shown separately because of high sampling 
NOTE: Detail may not add to total because of rounding. 



(explained on page 28) was roughly 7 percent of the quali- 
fied investment. A conservative estimate of the amount 
of qualified investment needed to produce $223 million 
of credit would be $3 billion. 

Table L shows returns with the investment credit 
classified by the size of the credit. Almost 85 percent 
of^the returns had a credit less than $250, and they ac- 
counted for only 38 percent of the total amount reported. 
A credit of $1,000 or more was reported on 26,000 re- 
turns, indicating qualified investment of roughly $14,000 
or more per return. 



HALF OF TAX GENERATED AT 
LOWEST RATE 

This is the second consecutive year for which indi- 
vidual income tax statistics are shown classified by tax 
rates. Table 20 features a distribution of returns and 
taxable income cross classified by marginal tax rates 
and adjusted gross income classes. Table 21 shows the 
amount of tax base taxed at each rate and the tax pro- 
duced as a result of the application of the rates. 





(Taxable 


md nonta 


xable ret 


jrnsl 










Number of 
returns 


Total 
tax 
base 


Tax base taxed 


Total 

before 
credits 


Tax re^xlting 
from — 


Type of tax computation 


Nomal 
tax and 
surtax 


Capital 
gains 


Normal 
rates 


Capital 
gains 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 




50,557,780 

50,468,296 
89,484 


(Ulllttm dolUr.) 


Returns with any tax 


195,333 

188,685 

6,648 


193, 176 

188, 685 

4,491 


2,157 
2,157 


45, 692 
42, 505 
3,186 


44, 6U 
42, 505 
2,108 




With .normal tax and 




With alternative tax 









NOTE: Detail may not add to total because of rounding. 

The 1962 tax base for individuals totaled $195.3 billion, 
as shown in table M. The individual income tax base was 
taxable income for all but a few returns. Those few re- 
turns are identified in table 21 as "alternative tax com- 
putation returns with capital gains tax only," and are 
illustrated in example 3 on page 30. 

The individual income tax (before credits) was $45.7 
billion for 1962. The tax on individual income was an 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



13 



amount generated by applying to the tax base either 
(1) the normal tax and surtax rates (shown in the tax 
computation schedules reproduced at the end of this 
report) which ranged from 20 percent to 91 percent, 
or (2) the capital gains tax rate, or (3) a combination 
of both. 

Returns of taxpayers in category (1) above numbered 
about 50.5 million and the tax reported was $42.5 
billion. Returns of taxpayers in categories (2) and (3) 
numbered only slightly more than 89,000, but showed 
$3.2 billion of tax, about $1.1 billion of which resulted 
from the capital gains rate. 

Table 21 shows that tax base of $117.5 billion (60.1 
percent of the total) was taxed at the 20 percent rate, 
a rate applicable to (1) the initial $4,000 of tax base on 
joint returns and returns of surviving spouse, and (2) 
the initial $2,000 of tax base on all other returns. The 
tax generated at the 20 percent rate amounted to $23.5 
billion, 51.4 percent of the total tax before credits. 

An explanation of the special classification and terms 
used in tables M, 20, and 21, can.be found on page 29. 



JOINT RETURNS NUMBERED ALMOST 60 
PERCENT OF TOTAL FILED 

Tables N and O summarize the number of returns, 
adjusted gross income, taxable income, and deductions 
for 1962 by marital status of the taxpayer. 

Joint returns of husbands and wives increased by 
424,000 over 1961 to 37.1 million for 1962. Joint re- 
turns represented 59.1 percent of all returns, and showed 
77.8 percent of total adjusted gross income and 76.7 per- 
cent of total taxable income. Returns of single persons 
increased by more than 856,000 over 1961 to 20.0 million. 
These particular returns represented31.9percent of total 
returns, and showed 16.1 percent and 17.9 percent of the 
totals of adjusted gross income and taxable income, 
respectively. 



[Taxable and nontaxable r 


turns] 








lie turns 


Adjusted 
gross income 
less deficit 

doUmra) 




Marital statue of taxpayer 


Number 


Percent 
of 
total 


Taxable 

dollmrmi 




(1) 


(2) 


(3) 


(4) 




62,712,336 


100.0 


348,701,466 


195,320,479 




Joint returns of husbands and wives 

Separate returns of husbands and wives.. 


37,087,«8 

3,674,965 

1,618,704 

321,128 

20,010,U1 


59.1 
5.9 
2.6 

0.5 

31.9 


271,431,648 
11,903,597 
3,175,354 

1,148,019 

56,042,848 


149,773,108 

5,420,087 

4,625,099 

495, 077 

35,002,108 




Returns of single persons not head of 
household or surviving spouse 



Separate returns of husbands and wives, returns of 
heads of household, and returns of surviving spouse 
comprised only 9.0 percent of all returns, and accounted 
for only 6.1 percent and 5.4 percent of total adjusted 
gross income and total taxable income, respectively. 

The proportion of taxpayers itemizing deductions varied 
significantly according to marital status, as shown in table 
0. While 55 percent of the joint returns showed deduc- 
tions itemized, less than 20 percent of the returns of 
single persons did. Over 60 percent of returns of heads 
of household and 55 percent of returns of surviving 
spouse showed deductions itemized; however, deduc- 
tions were shown on only 23 percent of the separate 
returns of husbands and wives. 



SOURCES OF DATA 

Individual income tax data were estimated from a 
sample of unaudited tax returns, Forms 1040 and 1040A, 
filed by citizens and residents during the calendar year 
1963 in the district offices of the Internal Revenue Serv- 
ice, and with the Director of International Operations in 
the National Office. The sample was designed to repre- 



Table 0.— ALL RETURNS, RETURNS WITH STANDARD DEDUCTION 


, AND RETURNS WITH ITEMIZED DEDUCTIONS: AMOUNT 


OF DEDUCTION BY MARITAL STATUS OF 


TAXPAYER 




All returns 


Returns with 
no adjusted 
gross income 


Returns with standard 
deductions 


Returns with itemized 
deductions 


Contributions 


Marital status of taxpayer 


Number -of 


Amount 


Number of 


Amount 
dollara) 


Number of 


Amount 

(Thoaaml 
dollara) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 




62,712,386 


421,791 


35,839,490 


13,142,494 


26,451,105 


41,660,909 


25,144,355 










37,087,448 

3,674,965 

1,618,704 

321,128 

20,010,141 


264,049 
23,574 
9,844 
4,916 

119,408 


16,350,445 

2,806,988 

634,740 

133,264 

15,909,053 


3,395,614 
713,672 
269,469 

36,776 
3,726,963 


20,472,956 

844,403 

974, 120 

177,950 

3,981,679 


34,960,338 
1,008,666 
1,188,398 
193,755 
4,309,765 


19,642,346 

769,100 

927, 189 

163, 182 

3,642,537 
















Returns of single persons not head of household or surviving spouse. 


962,863 




Interest 


Taxes 


Medical and dental expense 




Marital status of taxpayer 


Number of 


Amount 

(Thouaand 
doliara) 


Number of 


Amount 
(Thouamd 
dollar a) 


Number of 


Amount 
(Thouaand 
dollara) 


deductions 
dolUru) 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


Total 


20,593,687 


10,274,461 


26,046,964 


13,044,911 


16,090,093 


6,078,699 


4,746,750 




17,271,836 
585,246 
669,411 

116,740 
1,950,453 


9,318,756 
213, 193 
212,661 
36,230 
493,622 


20,299,934 

813,746 

953,690 

173,856 

3,800,738 


11,249,493 
269,081 
336,421 
59,402 

1,130,515 


12,360,269 

509,598 

646,253 

127,157 

2,446,815 


4,595,447 
160,913 
250, 143 
41,722 

1,030,465 












Returns of surviving spouse 

Returns of single persons not head of household or surviving spouse 


22,931 

692,213 



of Classifications and Terras. 



14 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



sent all returns for the income year 1962 regardless of 
when filed. Most of the returns were filed by taxpayers 
with calendar-year accounting periods, but a small num- 
ber did have noncalendar-year accounting periods. Ten- 
tative returns were excluded from the sample. Returns 
with no information regarding income and tax were in- 
cluded in the sample for purposes of obtaining a count of 
returns filed, butwereexcludedfrom the tables. Amended 
returns were included in the sample only if the original 
could be located and excluded. 

An individual income tax return was required of (1) 
every citizen, resident alien, and bona fide resident of 
Puerto Rico under 65 years of age (including minors) 
who had $600 or more of gross income for the year, 
(2) every citizen or resident 65 years or over who had 
$1,200 or more gross income for the year, and (3) every 
person regardless of age or gross income who had self- 
employment income of $400 or more during the tax year. 
Gross income, for purposes of filing, included income 
earned from sources outside the United States, even though 
the income was exempt from tax. However, in the case 
of individuals who were residents of Puerto Rico, gross 
income, for purposes of filing, did not include income 
derived from sources within Puerto Rico except amounts 
received for services performed as an employee of the 
United States. 

Individuals who had tax withheld from wages, but whose 
income was less than that required for filing, usually filed 
to obtain a refund of tax withheld, although they were not 
otherwise required to file. 

Taxpayers had a choice of two return forms for re- 
porting their income for 1961. Form 1040A, the card- 
form, was available to individuals who had less than 
$10,000 adjusted gross income consisting of wages re- 
ported on withholding statements (Form W-2) and not 
more than $200 of dividends, interest, and wages not 
subject to income tax withholding. 

The simplified Form 1040, introduced for 1961, was 
continued for 1962 with some revisions. The Form 1040 
was a two-page form with attached schedules. If an in- 
dividual's income was entirely from salaries and wages 
he needed only to file the principal two-page form. If, 
in addition to salaries and wages, an individual had only 
interest income, he could alsofile the two-page form with 
an attachment listing the sources of his interest income. 
Individuals who had income from sources other than 
salaries and wages and interest were required to report 
that income on supplementary schedules. 

The principal change in the Form 1040 for 1962 (over 
that for 1961) was that taxpayers were required to report 
all dividends and interest separately; whereas for 1961, 
those individuals whose income was solely from salaries 
and wages and not more than $200 of dividends and in- 
terest were not required to state separately their amounts 
of dividends and interest. 

Table P presents a comparison of the number of re- 
turns for the current year with those for 1961 by form 
of return filed, size of adjusted gross income, and type 
of deduction reported. Forms 1040 for 1962 numbered 
44.5 million, an increase of 2.1 million returns over 
1961. Forms 1040A, which decreased for the first time 
since 1955, numbered 18.2 million, a drop of 934,000 
returns from 1961. 



-NUMBER OF RETURNS BY FORM OF RETURN: 

[Taxable and nontaxable returns 1 



1962 AND 1961 



Form of return, type of deduction, and 
income group 


1962 


1961 


Increase or 
decrease 
(-), 1962 

over 1961 




(1) 


(2) 


(3) 




62,712,386 


61,499,420 










35,839,490 

26,451,105 

421,791 

25,430,347 
18,200,287 


35,805,757 

25,261,832 

431,331 

25,864,744 

19,134,674 












Standard deduction returns on which tax table 




Form 1040A 










18,200,287 
14,938,791 
3,211,496 

44,512,099 


19,133,362 
15,704,264 
3,429,098 

(") 
42,364,746 






-715,473 
-217,602 


Adjusted gross income $5,000 or more 


Fom 1040 








Adjusted gross income under $5,000 

Adjusted gross income $5,000 under $10,000 


19,131,668 
18,304,402 

7,076,029 
17,639,203 
10,441,556 

5,514,888 

1,682,759 
26,451,105 

8,268,321 
12,789,514 

5,393,270 
421,791 


19,001,152 
17,357,014 

6,006,580 
16,672,395 
10,160,480 

5,006,611 

1,505,304 
25,261,332 

8,410,153 
12,350,403 

4,501,276 
430,519 


130, 516 
947,388 








281,076 
503,277 
177,455 


Adjusted gross income $5,000 under $10,000.. 
Adjusted gross income $10, 000 or more 






Adjusted gross income $5,000 under $10,000., 
Adjusted gross income $10,000 or more 


439, 111 
891,994 
-8,728 





See text for "Description of the Sample and Limitations of the Data" and "Explana- 
tion of Classifications and Terras." 

^Taxpayers with adjusted gross income under $5,000 may obtain the standard deduc- 
tion only by using the tax table. 

^Estimate is not shown separately because of high sampling variability. However, 
the data are included in the appropriate totals. 

NOTE: Detail may not add to total because of rounding. 



The standard deductions was elected on 35.8 million 
returns. Forms 1040 and 1040A. Althoughthis was a slight 
increase of 34,000 returns over 1961, the proportion of 
standard deduction returns to all returns continued to 
decline, dropping to 57.1 percent for 1962. 

Individuals who had income under $5,000 and desired 
the standard deduction were required to use the optional 
tax table to obtain the deduction and compute their tax. 
There were 25.4 million returns of taxpayers using the 
optional tax table for 1962, 434,000 less than for 1961. 

DESCRIPTION OF THE SAMPLE AND LIMITATIONS 
OF THE DATA 

The data presentedfor individual income tax returns for 
1962 were based on a stratified systematic sample, se- 
lected before audit, of all Forms 1040 and 1040A filed dur- 
ing 1963. The total sample consisted of 484,952 returns, 
about 0.77 percent of the total number filed for the year. 

Sample selection. --Returns were grouped by type of 
return, presence or absence of business income, size 
class of adjusted gross income, taxpayment status, and 
by the 62 district offices and the Office of International 
Operations in Washington, D. C. The sample design 
was adapted to fit regular return sorting and grouping 
procedures employed by district offices to facilitate the 
processing of returns for revenue collection and audit 
purposes. 

For sample purposes, the groups were combined in 
sample strata, primarily on the basis of adjusted gross 
income which correlates well with the principal income 
and tax characteristics being estimated. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



15 



Within each of the groups, returns were assigned 
consecutive account numbers and the sample was selected 
systematically by withdrawing from the various groups 
all returns with designated account numbers. For ex- 
ample, Form 1040A returns were selected according to 
the prescribed rate of 2 in 1,000 by drawing returns 
having account numbers ending in 111 and 777. 

Table Q shows the number of returns filed, the num- 
ber of returns in the sample, and the prescribed sampling 
rate by sampling strata. 

Method of estimation. --Estimates for all returns filed 
were determined by multiplying the sample data by 
"weighting factors" obtained by dividing the total number 
of returns in each sampling stratum by the number of 
sample returns received from that stratum. For instance, 
the "weighting factor" of 494.99 for Form 1040Areturns 
was obtained by dividing the number of returns in the 
sample, 36,791, into the total number of returns filed, 
18,211,034. The primary sources of population data 
were counts made and submitted by the district offices 
and the Office of International Operations showing the 
number of Form 1040 and 1040A returns filed during 
the calendar year 1963. 

. A comparison of the estimated number of returns 
shown in the national tables of this report with the num- 
ber of returns reported filed in the district offices, as 
shown in table Q, will disclose slight differences. These 
differences occur for the following reasons: (1) an esti- 
mated 63,528 returns were excluded from the tables 
because they showed no income information, (2) returns 
were classified in the proper adjusted gross income size 
class regardless of the sampling strata to which they 
were assigned in the field offices, and (3) weighted 
estimates were rounded. 

Table Q.— NUMBER OF INDIVIDUAL INCOME TAX RETURNS FILED, NUMBER IN 
SAMPLE, AND THE PRESCRIBED SAMPLING RATE BY SAMPLING STRATUM, 1962 

[Taxable and nontaxable returns] 



Total all returns 

Form 1040A 

Forms 1040, adjusted gross income — 
Under $10,000: 

Nonbusiness 

Schedules C and F 

$10,000 under $50,000, nonbusiness 

$10,000 under $30,000, Schedules C and F. 

$50,000 under $100,000, nonbusiness 

$30,000 under $100,000, Schedules C and F 

$100,000 and over; 

Nonbusiness 

Schedules C and F 

Prior year delinquent: 

Adjusted gross income under $50,uOO.... 

Adjusted gross income $50,000 and over. 



Number of 
filed 



62,775,187 
18,211,034 



5,131,384 

1,466,714 

62,640 

210,053 



484,952 
36,791 



2/1000 
1/100 
3/100 
3/100 



One set of "weighting factors" was used for national 
tabulations, and one set for State tabulations. Reports 
received from each district field office showing the num- 
ber of returns filed by sampling stratum were used to 
derive "weighting factors" for the State tabulations. 
The "weighting factors" for the national tabulations were 
based on the aggregate number of returns filed in each 
stratum throughout all district offices. The achieved 
sampling .ratios varied sufficiently among districts to 



warrant using two separate series of weights. The use 
of two separate series of weights resulted in slight dif- 
ferences between totals in the tables showing distribu- 
tions by States and corresponding items in the national 
tables. 

Sampling variability. --The data from returns showing 
adjusted gross income of $100,000 or more are for the 
most part not subject to sampling variability since all 
such returns were included in the sample. However, the 
estimates which include data from returns showing ad- 
justed gross income under $100,000 are subject to 
sampling variability. Table R shows the estimates and 
their relative sampling variabilities for some of the 
items presented in table 4 on page 38. The relative 
sampling variability is the sampling variability ex- 
pressed as a percent of the estimate. The sampling 
variability at the two standard deviation level when 
added to and subtracted from the estimate provides the 
computed upper and lower limits within which 19 out of 
20 estimates derived from similarly selected samples 
would be expected to fall. 

"Upper limit" relative sampling variability estimates 
based on a special formula are shown in table S for fre- 
quency estimates in general. Table S provides, for any 
specific frequency estimate, a percent that is somewhat 
higher than that which would have been yielded by the 
standard formula. For instance, if data from returns 
showing adjusted gross income under $10,000 reveal 
100,000 returns having a certain characteristic, then the 
relative sampling variability will be less than 14 percent. 
As another example, if data from returns showing ad- 
justed gross income of $10,000 under $50,000 reveal 
100,000 returns having a certain characteristic, then the 
relative sampling variability of this estimate will be less 
than 4 percent. 

Data have been deleted from the tables where the esti- 
mated relative sampling variability was judged to be 
excessive. Where such a deletion has been made, the 
applicable cells have been appropriately footnoted. 

Response and other nonsampling errors. --In process- 
ing 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-reporting errors and other errors introduced 
in data processing operations. Over 90 percent of all 
individual returns filed during 1963 were mathematically 
verified before they were made available for sample se- 
lection. Any corrections resulting from mathematical 
verification of the taxpayer's entries are reflected in 
the data tabulated. 

In transcribing and tabulating the information from the 
sampled returns, additional checks were imposed to im- 
prove the quality of the resulting estimates. Returns 
which showed data in accompanying schedules but not on 
appropriate return lines, and returns with other obvious 
errors were edited and recording errors amended. Me- 
chanical transcribing was verified by the process of 
repeat card punching and, prior to tabulating, numerous 
tests for consistency were applied using an electronic 
computer, to assure that proper balance and relationship 
between return items and statistical classification were 
maintained. 



16 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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18 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



19 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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I 1111 mil liili 



'S'Sq 33333 3333' 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



21 



[Tao:able and nontaxable return. 


1 






Returns w 


ith adjusted gross income 


Estimated number of returns 


Under $10,000 


$10,000 under 
$50,000 


$50,000 under 
$100, 000 




(1) 


(2) 


(3) 




(Pmremtt) 




63 
45 
37 
32 
28 
20 
U 
9 
6 
2 


37 
26 
17 
12 
10 
8 
7 
5 
i 
2 
1.6 
1.2 












10,000 

15,000 

20,000 

25,000 

50,000 


4 

3 

2.6 

2.3 

1.6 






500, 000 


n.a. 


5,000, 000 


n.a. 



An intensive system of sample management and control 
was used to insure the selection of the prescribed sample 
and prevent any serious undercoverage. Sample controls 
were maintained on a district basis by the most detailed 
sampling strata. In addition, a name control file for in- 
ternal use only, containing a historical record of tax re- 
turn information for certain taxpayers who annually 
report large incomes, provided a further check on the 
completeness of the sample. 

Coverage was improved also by the inclusion of prior- 
year delinquent returns in the sample for the purpose of 
estimating data for 1962 returns that were filed after 
December 31, 1963. It was felt that the characteristics 
of 1962 returns filed too late to be included could best 
be represented by a sample of previous year delinquent 
returns filed during 1963. As can be seen in table Q, 
the number of delinquent returns filed during 1963 was 
389,000. 

However, the controls maintained over the selection 
of the sample and the processing of the source data in 
the field offices did not completely eliminate the possi- 
bility of error. Also, practical operating considerations 
necessitated allowance of reasonable tolerance in con- 
trolling the processing of these data within the Statistics 
Division. 

EXPLANATION OF CLASSIFICATIONS AND TERMS 

Classifications 

Income and tax data in the basic tables of this report 
are classified by adjusted gross income classes, taxable 
and nontaxable returns, returns with standard deduction 
or with itemized deductions, size of selected sources of 
income or loss, patterns of income, percentage distribu- 
tions, marital status of taxpayer, returns with exemptions 
for sons and daughters, and other dependents, taxpayers 
age 65 or over, tax rate classes and States. 

Adjusted gross income classes 

The amount of adjusted gross income reported by the 
taxpayer on his return was the basis for classifying data 
for the size of income. Deficit and a breakeven in ad- 
justed gross income were considered "No adjusted gross 
income" and appear as a separate class. Whenever tax- 
able and nontaxable data are combined by size of income. 



the nontaxable data are distributed in the class denoted 
by the amount of ad justed gross income reported, although 
when shown separately, data from nontaxable returns with 
$5,000 or more adjusted gross income are grouped in one 
class. 

Taxable and nontaxable returns 

Taxable returns had an income tax remaining after the 
allowable tax credits were deducted. If the tax after 
credits was greater than zero, the return was classi- 
fied as a taxable return. 

Nontaxable returns had no income tax remaining after 
tax credits. Some nontaxable returns had income tax 
before credits which was eliminated by the tax credits. 
Many nontaxable returns showed an amount of self- 
employment tax; however, the self -employment tax was 
disregarded for this classification. 

Returns with standard deduction or with itemized 
deductions 

Standard deduction returns included (1) Form 1040A 
returns, (2) Form 1040 returns with adjusted gross in- 
come under $5,000 on which the income tax was deter- 
mined from the tax table, and (3) Form 1040 returns 
with adjusted gross income of $5,000 or more on which 
the taxpayer elected to use the standard deduction. 

Returns with "No adjusted gross income", classified 
as standard deduction returns in years prior to 1961, 
were classified separately for 1962. 

Returns with itemized deductions were Form 1040 re- 
turns with adjusted gross income against which itemized 
nonbusiness deductions were claimed by the taxpayer in 
the computation of his taxable income. A relatively few 
separate returns of married persons who had neither 
standard nor itemized deductions were included in this 
classification. 

Size of selected sources of income or loss 

For distributions of thenumber of returns with selected 
sources of income or loss in adjusted gross income, re- 
turns were divided into categories according to the size of 
a specific income or loss. The size intervals are nar- 
row at the lower end of the scale so that small amounts 
are adequately classified. 

Patterns of income 

For a frequency distribution of patterns of income, 
four selected sources are presented singly and in com- 
bination. The sources selected were: salaries and wages 
(net), business, farm, or profession net profit (or loss), 
capital gain (or loss), and all other income (or loss). 
Each source was a component of adjusted gross income 
as described in the "Sources Comprising Adjusted Gross 
Income." These four selected sources gave rise to 15 
patterns which were grouped as having one, two, three 
or four of the selected sources. 

"All other income (or loss)", for this table, means 
the net amount of sources of income or loss comprising 
adjusted gross income other than salaries and wages, 
business, farm or profession net profit (or loss), and 
capital gain (or loss). This net amount also excludes 
"Other sources" which is defined below. 



22 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Percentage distributions 

Selected items for 1962, net salaries and wages and 
itemized deductions by type are distributed by adjusted 
gross income classes and are cross classified as a per- 
cent of adjusted gross income. These distributions are 
in basic tables 8 and 16. 

Marital status of taxpayer 

Marital status was determined by the taxpayer as of 
the last day of his tax year or the date of the death of a 
spouse. The five marital classifications- -joint returns 
of husbands and wives, separate returns of husbands 
and wives, returns of heads of household, returns of 
surviving spouse, and returns of other single persons -- 
were based on the marital condition indicated by the 
taxpayer with regard to name (or names) of taxpayer, 
joint signatures, exemption for the taxpayer or for 
himself and spouse, check mark denoting status as head 
of household or surviving spouse, and any other relevant 
data. 

Joint returns of husbands and wives were those on 
which a married couple reported their combined income, 
or were returns of married couples only one of which 
had income but, nevertheless, exemptions for both could 
be claimed. 

Separate returns of husbands and wives were returns 
of married persons, each of whom filed a return inde- 
pendent of his spouse and reported only his own income, 
exemptions, and tax. Returns with community income 
divided between husband and wife were given this clas- 
sification. Also included under this classification, were 
returns of married taxpayers electing not to file a joint 
return, but to claim the spouse's exemption where the 
spouse had no income and was not the dependent of 
another taxpayer. 

Returns of heads of household were returns of un- 
married persons (or one married to a nonresident 
alien) who furnished more than half the maintenance of 
a home which was his residence and which he shared 
with any related persons for whom he was entitled to 
the deduction for an exemption (except multiple support), 
or shared with his unmarried child, grandchild, or step- 
child even though not a dependent, or who paid over half 
the cost of maintaining a household which was the prin- 
cipal abode of his parents, if either or them qualified 
as a dependent. 

-Returns of surviving spouse were returns of widows 
and widowers who indicated this status. A surviving 
spouse is a taxpayer whose spouse died during either 
of two preceding tax years and who had not remarried, 
but who had maintained as his home a household which 
was also the principal abode of his child or stepchild 
for whom the taxpayer was entitled to the deduction 
for exemption. 

Returns of single persons not head of household or 
surviving spouse were those of other unmarried 
individuals. 

Exemptions for children, and other dependents 

In the frequency distribution of returns classified 
by number of exemptions, the per capita exemption 
for (1) sons and daughters (including stepchildren), 
and (2) other dependents was used. There is a class 



for each of one through four or more exemptions for 
all returns and for returns in each marital status. 

Taxpayers age 65 or over 

In order to distinguish returns filed by taxpayers age 
65 or over, the additional exemption for age was used 
whenever claimed on a return. In the case of joint re- 
turns of husbands and wives, some had only one additional 
exemption for age 65 or over while others had two addi- 
tional exemptions for age, indicating that both husband 
and wife were over 65 years of age. Whether one or 
two age exemptions was claimed, the return was con- 
sidered a return of a taxpayer 65 years or more of age. 

Tax rate classes 

This classification applied to the percentage rates used 
in computing income tax before credits based on the 
amount of taxable income. The class intervals coincide 
with the percentage rates of the three income tax rate 
schedules applying to (1) joint returns and returns of 
surviving spouse, (2) separate returns of husbands and 
wives and returns of single persons not head of house- 
hold or surviving spouse, and (3) returns of heads of 
household. 

States 

Classification by States was based on the district in 
which the returns were filed. Internal Revenue districts, 
or groups of districts, are identical with State boundaries, 
except that the District of Columbia was a part of the 
Baltimore, Maryland, Internal Revenue District. The 
Office of International Operations had charge of returns 
with addresses outside the 50 States. These returns in- 
cluded those from Puerto Rico, Virgin Islands, Panama 
Canal Zone, and returns with foreign addresses, all of 
which were classified as "Other areas." 



Sources Comprising Adjusted Gross Income 
Salaries and wages (net) 

Net salaries and wages were amounts of compensation 
for personal services reported in adjusted gross income, 
except for amounts not exceeding $200 per return in- 
cluded in other income on Form 1040A returns. In 
addition to actual salaries and wages, this source is 
comprised of commissions, bonuses, tips, fees, excess 
reimbursement over employee business expenses, and the 
value of nonmonetary payments for services, e.g. mer- 
chandise, accommodations, property, etc. Excluded from 
this source were tax exempt portions of both salaries 
earned abroad and sickpay receipts, and certain expenses 
connected with employment that were deductible from total 
salaries and wages in computing adjusted gross income. 

Dividends (after exclusions) 

Dividends after exclusions were distributions of cash, 
property, services, accommodations, etc., by a corpora- 
tion from its earnings to individual taxpayers, excepting 
dividends not exceeding $200 per return in other income 
on Forms 1040A and an exclusion of qualifying dividends 
not exceeding $50 per taxpayer. On joint returns, if both 
husband and wife received qualifying dividends, each ex- 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



23 



eluded up to $50 against his respective dividend income. 
All dividends qualified for the exclusion unless they fell 
under Section 116 (b) of the Internal Revenue Code of 
1954. 

Dividends did not include the so-called dividends on 
deposits or withdrawal accounts in mutual savings banks, 
cooperative banks, domestic building and loan or savings 
and loan associations, nor credit unions. This type of 
income was considered interest for income tax purposes. 

Interest received 

Interest received was the taxable portion of interest 
from bonds, debentures, notes, mortgages and personal 
loans, interest received or credited on bank deposits, 
savings accounts, and deposits in organizations listed 
above, as well as partially tax-exempt interest and inter- 
est from tax-free covenant bonds received directly or 
through partnerships and fiduciaries. Excluded were 
small amounts of interest (not more than $200 per return) 
reported in other income on Form 1040A returns. 

Business net profit or net loss 

This source was reported by individuals who were sole 
proprietors of a business or farm, or member'; of a pro- 
fession, and who did not elect to be taxed as a corpora- 
tion. When there were two or more sole proprietorship 
businesses operated by the taxpayer, the single amount of 
profit or loss included in adjusted gross income repre- 
sented the combined profits and losses from all business 
activities. The sole proprietor was required to exclude 
dividends from the business receipts and to report them 
with dividend income for the purpose of dividend exclu- 
sions and tax credit. 

Business expenses deductible from business receipts 
included such items as cost of goods sold, salaries and 
wages paid employees, interest on business indebtedness, 
taxes on business and business property, bad debts arising 
from sales or services, depreciation, obsolescence, de- 
pletion, casualty losses on business property, rent, re- 
pairs, supplies, advertising, selling expense, insurance, 
and other costs of operating the business. Compensa- 
tion of the sole proprietor was not allowed as a business 
deduction and the net operating loss deduction was not 
reported among the business expenses. 

Partnership net profit or net loss 

Partnership net profit or loss was reported by persons 
who were members of a partnership, syndicate, joint 
venture, or association that did not elect to be taxed as 
a corporation. The taxpayer's profit or loss from such a 
partnership was his share of the ordinary income or loss 
of the enterprise together with payments made to him as 
salary or for the use of capital. If the individual was a 
member of more than one partnership, the single amount 
of parmership profit or loss reported in adjusted gross 
income was the combination of all his shares, whether 
actually received or not. The ordinary income of the 
partnership did not include dividends qualifying for the 
exclusion, net short- and long-term capital gain or loss, 
interest on tax-free covenant bonds, nor partially tax- 
exempt interest. The partner's share of each of these 
items was reported in its respective source. 



Net gain from sales of capital assets 

Such gain included in adjusted gross income was the 
amount of gain from sales or exchanges of property 
treated as capital assets. In computing this gain, the 
net short-term gain or loss was combined with the net 
long-term gain or loss and the resultant gain was re- 
duced 50 percent. For the determination of net short- 
and long-term gain and loss, the taxpayer included with 
his personal, current year transactions, his 5-year 
capital loss carryover as a short-term loss, and his 
share of (1) net short- and long-term gain received 
through fiduciaries and from partnerships, (2) distributed 
and undistributed long-term gain from regulated invest- 
ment companies, and (3) the excess net long-term gain 
over net short-term loss distributed by small business 
corporations that elected not to be taxed as corporations. 
The amount of net gain in adjusted gross income con- 
forms to one of several conditions, namely, (a) 50 per- 
cent of the excess net long-term gain over net short- 
term loss occurring on certain returns, (b) on returns 
with only a net long-term gain, 50 percent thereof, (c) 
on returns with both net short- and long-term gain, the 
entire amount of net short-term gain combined with 50 
percent of the net long-term gain, (d) on returns with 
only a net short-term gain, the entire net gain, and (e) 
the entire excess of net short-term gain over net long- 
term loss on other returns. 

Net loss from sales of capital assets 

This source reported as a component of adjusted gross 
income was the deductible loss resulting from sales or 
exchanges of property treated as capital assets. To de- 
termine the deductible loss, all short-term gains and 
losses were merged with the long-term gains and losses, 
and the excess loss was allowed to the extent of the small- 
est of (1) amount of capital loss, (2) taxable income (ad- 
justed gross income if tax table was used) computed 
without regard to capital gains and losses and the de- 
duction for personal exemptions, or (3) $1,000. In merging 
the capital gains and losses, the taxpayer combined his 
current year gains and losses and his 5- year capital loss 
carryover with his share of (I) net short- and long-term 
gain received through fiduciaries and from partnerships, 
(2) distributed and undistributed long-term gain from 
regulated investment companies, and (3) the excess net 
long-term gain over net short-term loss distributed by 
small business corporations that elected not to be taxed 
as a corporation. Any part of the capital loss incurred in 
the current year which was not deductible because of the 
limitation may be carried forward for 5 succeeding years 
as a short-term capital loss to the extent that it is not 
absorbed by capital gains in the intervening years. Cur- 
rent year losses must be offset against gains before the 
carryover becomes available. If a capital loss carryover 
is not eliminated in the 5-year period, the remaining loss 
cannot be used. 

Short-term capital gain or loss 

Gains and losses from sales or exchanges of assets 
held six months or less and treated as capital assets 
were considered to be short-term. Such gains and losses 
for the current year and the capital loss carryovers from 



24 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



five preceding years (used as short-term losses) were 
combined to obtain the net short-term gain or loss. 
In this combination, the net short-term capital gain or 
loss from partnerships and the net short-term capital 
gain from fiduciaries were also included. 

Long-term capital gain or loss 

Gains and losses from sales or exchanges of assets 
held more than six months which were treated as capital 
assets were considered to be long-term. Such current 
gains and losses, taken into account at 100 percent, 
were combined with net long-term capital gain or loss 
received through partnerships and the net long-term 
gain received through fiduciaries to obtain the net long- 
term gain or loss for the year. 

Capital loss carryover from 1957-1961 

This carryover was that portion of the net capital 
loss sustained in this 5-year period which the taxpayer 
had been unable to offset against his capital gains or the 
$1,000 deduction allowed for capital loss in computing 
adjusted gross income in tax years subsequent to the 
year in which the capital loss arose. The carryover 
was reported with and treated as a short-term capital 
loss in the current year. 

Net loss from sales of capital assets before limitation 

This was the entire loss, resulting from sales of 
property treated as capital assets, which was reported 
on returns having a capital loss in adjusted gross income. 
The loss was a combination of current year short-term 
gains and losses, the 5-year capital loss carryover, and 
the current year long-term gains and losses, and was 
without regard to the statutory limitation on the deductible 
loss. 

Net long-term capital gain in excess of net short-term 
capital loss 

Included was the entire excess of net long-term capital 
gain over net short-term capital loss reported on re- 
turns with alternative tax. Only one-half of this excess 
long-term gain was included in adjusted gross income. 
However, since the tax on this portion of the excess 
cannot exceed 50 percent, the maximum rate on the 
excess long-term gain is in effect 25 percent. 

One- half excess long-term gain 

This was 50 percent of the excess net long-term 
capital gain over net short-term capital loss reported 
on returns with alternative tax. This was the amount of 
long-term capital gain that was included in adjusted 
gross income, but was deducted from statutory taxable 
income to obtain taxable income for partial tax when 
the alternative tax was computed. 

Net gain or loss from sales of property other than 
capital assets 

The amount of this source in adjusted gross income 
resulted from sales or exchanges of property which was 
either not a capital asset or was not treated as a capital 
asset. Each taxpayer included his share of such gain or 



loss received through partnerships and fiduciaries. Net 
gain from these transactions was included in its entirety 
and the net loss was fully deducted in computing adjusted 
gross income. Losses on sales or exchanges of small 
business investment company stock were ordinary losses 
rather than capital losses. Also, losses on small busi- 
ness stock were ordinary losses to the original holders; 
however, this ordinary loss is limited to $25,000 on 
separate returns and to $50,000 on joint returns. 

Pensions and annuities 

Pensions and annuities were the taxable portion of 
amounts received during the year. These taxable portions 
were reported under two methods: (1) the general rule, 
referred to as the life expectancy method, and (2) the 
3-year method. 

Life expectancy method included the entire receipts 
from noncontributory annuities and pensions, that is, 
where employees contributed none of the cost, and also 
included the taxable portion of receipts from contributory 
pensions and annuities if the cost would not be recovered 
within 3 years. Receipts from such contributory annuities 
were included in adjusted gross income to the extent that 
they exceeded an amount, representing cost, computed 
according to the actuarial formula provided by the In- 
come Tax Regulations. Once the excludable cost has 
been determined, it generally remains constant through- 
out the annuitant's lifetime. Contributory pensions and 
annuities were those where the employee contributed to 
the cost or was previously taxed on his employer's con- 
tribution and those received, for reason other than death 
of the insured, under an annuity, endowment, or life 
insurance contract. 

The 3-year method included taxable receipts from con- 
tributory pensions and annuities, but only if the employer 
also contributed to the cost and the employee's cost would 
be recovered within 3 years. If both conditions were met, 
all receipts were excluded until the employee recovered 
the amount contributed by him. Thereafter, all amounts 
received became fully taxable. This method also applied 
to an employee's beneficiary if the employee died before 
receiving any annuity or pension payments. 

Net income or loss from rents 

This source, although reported in a schedule that in- 
cluded royalty income, was separated from the latter 
in order that each source might be shown independently. 
Rent income (or loss) constituted a part of adjusted gross 
income to the extent that the gross rents received 
exceeded the deductions for depreciation, repairs, main- 
tenance, interest, taxes, commissions, advertising, fuel, 
insurance, janitor service, and other allowable expenses 
related to the rented property. Income from rents when 
combined with income from royalties will not be equiva- 
lent to the rents and royalties income published prior to 
1960 due to the different procedure for arriving at a net 
figure. 

Net income or loss from royalties 

This income or loss was separated from the rent income 
so that the net income from royalties reported in adjusted 
gross income would be known. Gross royalties included 
revenues from oil, gas, and other mineral rights, timber 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



25 



royalties, revenue from patents, copyrights on literary 
works, trademarks, formulas, and so on. Deductions 
against gross royalties were made for depletion, de- 
preciation, office rent, legal fees, clerical help, interest, 
taxes, and similar items. As stated above, income from 
royalties when combined with income from rents will not 
be comparable with income from rents and royalties for 
years prior to 1960. 

Income or loss from estates and trusts 

This source was the taxpayer's share of fiduciary in- 
come from any estateor trust under which he was a bene- 
ficiary. Income from estates and trusts included amounts 
required to be distributed and amounts credited to the 
beneficiary's account from current year fiduciary income, 
whether or not actually received by him, as well as 
amounts paid to him. It also included his share of any 
accumulation distribution made by the fiduciary of a com- 
plex trust which distributed income accumulated in prior 
tax years. The beneficiary's share of these distributions 
from estate and trust income was reduced by his share 
of depletion and depreciation before reporting the amount 
as part of his adjusted gross income. The taxpayer also 
excluded from his fiduciary income his share of capital 
gain, dividends qualifying for exclusion, and partially 
tax-exempt interest, each of which was reported in its 
respective source. A loss from estates and trusts was 
distributed to the beneficiary only upon termination of a 
trust or an estate which has a net operating loss carry- 
over, or a capital loss carryover, or for its last tax year 
had deductions (other than exemption and charitable de- 
duction) in excess of gross income. 



Net operating loss deduction 



This deduction pertained to net operating loss carried 
over from preceding tax years. Net operating loss for 
any year is computed according to rules stated in the 
Income Tax Regulations and includes, among other things, 
loss from trade or business of a sole proprietor, busi- 
ness casualty and theft losses, losses from sales of small 
business corporation stock and of small business invest- 
ment company stock, taxpayer's share of partnership loss, 
and his pro rata share of net operating loss of a corpora- 
tion that elected not to be taxed as a corporation. The 
current year net operating loss deduction represented the 
portion of prior year losses that had not been eliminated 
by the required carrybacks and carryovers applied against 
taxable income for tax years prior to 1962. 

Other sources 

Included here were such items as alimony received, 
prizes, awards, sweepstakes winnings, gambling profits, 
recovery of bad debts and taxes deducted in a prior year, 
insurance received as reimbursement for medical ex- 
penses taken in a previous year, the taxpayer's share of 
distributed or undistributed current year taxable income 
(exclusive of long-term capital gain) received from a 
small business corporation which elected not to be taxed 
as a corporation, and any other income subject to tax for 
which no entry was provided on the return form. Also in- 
cluded is a total $99,630,000 consisting of interest, divi- 
dends (after exclusions), and wages not subject to income 
tax withholding (not exceeding $200 per return) reported on 
1,514,000 returns. Form 1040A. 



Itemized Nonbusiness Deductions 
Contributions 

Contributions deductible from adjusted gross income 
were gifts to organizations created in the United States 
or its possessions, or under its laws, and operated for 
religious, charitable, scientific, literary, or educational 
purposes exclusively, or for the prevention of cruelty 
to children or animals, and gifts to veterans' organiza- 
tions or to governmental agencies which use the gifts for 
public purposes. Individuals who were members of a 
partnership also included their pro rata share of con- 
tributions made by their partnerships. In general, the de- 
duction for contributions could not exceed 20 percent of 
the adjusted gross income; however, an extra 10 percent 
was deductible if itconsistedof contributions to churches, 
convention or association of churches, Salvation Army, 
tax-exempt educational institutions, tax-exempt hos- 
pitals, and certain organizations engaged in continuous 
medical research in conjunction with hospitals. Under 
specified conditions there was an unlimited deduction for 
contributions. 

Interest paid 

Interest paid was deductible for interest on personal 
debts, mortgages, bank loans, and installment purchases 
of real or personal property, but did not include that paid 
on money borrowed tobuy tax-exempt securities or single 
premium life insurance and endowment contracts. In- 
terest relating to business, royalties, and rentals was 
reported in their respective schedules. 

Taxes 

Taxes allowed as a deduction from adjusted income in- 
cluded personal property taxes. State income taxes, cer- 
tain State and local retail sales taxes. State gasoline 
taxes, automobile license fees, taxes paid to foreign 
countries or possessions of the United States unless a 
foreign tax credit was claimed, and real estate taxes ex- 
cept those levied for improvements that tended to in- 
crease the value of the property. Federal taxes were not 
deductible. Taxes paid on business property were re- 
ported in schedules for business, rents, and royalties. 

Medical and dental expense 

This deduction was allowed from adjusted gross income 
with certain limitations. Expenditures considered for this 
deduction were the actual amounts paid during the tax year 
for health care of the taxpayer, his spouse, dependents, 
and any other person who could be claimed as a dependent 
except for the fact that he or she had $600 or more of 
gross income or filed a joint return with his or her 
spouse. Such expenses included payments to physicians, 
surgeons, dentists, nurses, oculists, chiropractors, 
osteopaths, hospitals, premium paid on health and hos- 
pital insurance, cost of x-rays, laboratory fees, diag- 
noses, therapy treatment, psychiatric care, dentures, 
crutches, hearing aids, and the like. Any insurance re- 
ceived on account of medical expenses incurred reduced 
the cost which could be considered as medical expenses 
actually paid by the taxpayer. Amounts paid for drugs 
and medicines could be included in medical expenses only 
to the extent that they exceeded 1 percent of the adjusted 
gross income. 



26 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



The deduction allowed for medical expenses including 
drugs was the amount of such expenses in excess of 3 
percent of adjusted gross income, except for certain per- 
sons. There were special rules for any taxpayer who was 
65 years of age or over, for married couples who filed a 
joint return if either was 65 or over, and dependent 
parents who were 65 or over. The medical expenses for 
these people were not limited to the excess of 3 percent of 
adjusted gross income, but were included in full. How- 
ever, the limitations on drugs and medicines, and for 
other dependents' medical expenses remained as above. 
The deduction in any case could not exceed the maximum 
limitation for medical deduction. 

The maximum deduction allowed was $5,000 multiplied 
by the number of exemptions other than those for age and 
blindness, but could not exceed $20,000 for husband and 
wife filing a joint return, for head of household, or for 
surviving spouse, nor could it exceed $10,000 for other 
single persons or for married persons filing separate 
returns. 

If the taxpayer was 65 years of age or over and dis- 
abled and was head of household, surviving spouse, or 
other single person, or married but filing a separate 
return, a maximum deduction not in excess of $20,000 
was allowed. On joint returns, if only one spouse was 
65 years or over and disabled, the maximum was still 
$20,000. If both were 65 or over and both disabled, the 
maximum allowed was $40,000, but not more than $20,000 
medical expense for each could be taken. 

Other deductions 

Included here were all other nonbusiness deductions al- 
lowed against adjusted gross income not elsewhere re- 
ported. These included the limited deduction for cost of 
child care in the case of employed women and widowers; 
loss from theft; casualty losses resulting from fire, 
storm, or other physical forces; and uninsured casualty 
and theft losses of business property and capital assets 
held for production of income for more than 6 months. 
Other items were alimony paid; expenses incurred in the 
collection of income or for the management, conserva- 
tion, or maintenance of property held for the production 
of income subject to tax; taxpayer's share of interest and 
taxes paid by a cooperative apartment corporation; gam- 
bling losses not in excessof winnings reported in income; 
amortization of bond premium; expenses connected with 
taxpayer's employment, for example, dues to unions or 
professional societies, cost of tools and supplies for the 
job, and fees to employment agencies: allowable expenses 
of taxpayer in connection with his employer's business; 
and unreimbursed expense of education undertaken to 
maintain or improve skills required to perform duties of 
present employment status. 

Exemptions 

In the computation of taxable income, exemptions were 
allowed for the taxpayers and their dependents, and addi- 
tional exemptions were allowed for taxpayers who were 
65 or over and for taxpayers who were blind. 

A $600 exemption was allowed for the taxpayer, the 
taxpayer's spouse, and for each son and daughter (in- 
cluding a stepchild or an adopted child) who was under 
19 years of age, or who was a student regardless of age. 



if the taxpayer furnished more than half the support. If the 
child was 19 or over and not a student, an exemption was 
allowed only if the child had less than $600 gross income 
for the year and the taxpayer furnished more than half 
the support. 

An exemption of $600 was also allowed for any dependent 
who had less than $600 gross income, and who received 
more than half his support from the taxpayer if the de- 
pendent was (1) a close relative as outlined in Section 152 
of the Internal Revenue Code, or (2) any person who lived 
in the taxpayer's home for the entire year and who was a 
member of his household, whether or not related to the 
taxpayer. 

An exception to the support test for a dependent pro- 
vided that where the individual was supported by several 
persons, none of whom contributed more than half the 
support, any one of the group who had contributed more 
then 10 percent of the support could claim the exemption, 
if each of the others who contributed more than 10 per- 
cent declared in writing that he would not claim the 
exemption for the year. 

To qualify as a dependent, an individual must have been 
either a citizen or resident of the United States; a resi- 
dent of Canada, Mexico, the Republic of Panama, or the 
Canal Zone; or an alien child adopted by and living with a 
United States citizen abroad. 

The birth or death of a dependent during the year did 
not affect the exemption for him, if the support and other 
tests were met for the part of the year during which the 
dependent lived. 

Besides the "personal" exemption for the taxpayer and 
spouse, an additional $600 exemption was allowed for each 
taxpayer or spouse who was age 65 or over, and each tax- 
payer or spouse who was blind. A taxpayer could file a 
separate return and claim the exemptions for the spouse 
(including those for age and blindness) only if the spouse 
had no gross income and was not a dependent of another 
taxpayer. Exemptions for age and blindness were not al- 
lowed for any dependents. 

The total number of exemptions shown in this report 
includes a duplication of exemptions for certain individ- 
uals. These individuals were (1) dependents (of another 
individual) who had less than $600 gross income, but 
filed a return to obtain a refund of tax withheld on wages, 
and (2) child dependents (under 19 or a student) who were 
required to file a return because their gross incomes 
were $600 or more. This particular group of individuals 
is counted twice, as a dependent on another taxpayer's 
return, and as a taxpayer on their own return. 

A small number of joint returns had only one exemption 
reported. This may have been due to either (1) an over- 
sight by the taxpayer, or (2) a taxpayer who was affected 
by Section 931 of the Code (which allows only one ex- 
emption to a taxpayer who derives most of his income 
from a trade or business within a possession of the 
United States). 

Measures of Individual Income 

Adjusted gross income 

Adjusted gross income was gross income from all 
sources that are subject to income tax minus (1) ordinary 
and necessary expenses of operating a trade or business, 
(2) expense deductions attributable to rents and royalties, 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



27 



(3) expenses of outside salesmen attributable to earning 
salary or other compensation, (4) expenses of travel, 
meals, and lodging while away from home overnight paid 
by an employee with respect to services rendered, (5) 
transportation cost related to the performance of serv- 
ices as an employee, (6) expenses for education required 
to maintain salary, status, or present employment, (7) 
expenses paid or incurred in connection with service as 
an employee under a reimbursed or other expense allow- 
ance arrangement with the employer, (8) exclusion of 
allowable sick pay if the sick pay was included in gross 
salary, (9) depreciation and depletion allowed life tenants 
and income beneficiaries of property held in trust, (10) 
deductible losses from sales of capital assets, and other 
property, (11) deduction equal to 50 percent of the excess 
of net long-term capital gain over net short-term capital 
loss, and (12) net operating loss deduction. 

Deficit (in adjusted gross income) 

This deficit occurred when the deductions allowed for 
the computation of adjusted gross income, as stated above, 
exceeded the gross income. 

Taxable Income 

This measure was adjusted gross income minus de- 
ductions, standard or itemized, and personal exemp- 
tions; however, the amount shown in this report is only 
the positive amount upon which the income tax before 
credits was computed. Whenever taxable income was a 
negative amount (producing no tax), it was disregarded. 
This occurred on some, but not all, nontaxable returns. 

Taxable income was reported on itemized deductions 
returns, and on standard deduction returns with $5,000 
or more adjusted gross income, and transcribed if it was 
a positive amount. Taxable income was mechanically 
computed for each return which did not show this item, 
but disregarded if found to be a negative amount. Re- 
turns which did not show taxable income were (1) those 
Form 1040 and 1040A returns with adjusted gross income 
under $5,000 on which the tax table was used, and (2) those 
Form 1040A returns with adjusted gross income of $5,000 
under $10,000 on which the tax was computed by the tax- 
payer using the standard deduction and regular tax rates 
in a tax computation schedule that he retained. The tax- 
able income was not required to be transferred to the 
card-form itself. 

Taxable income for taxpayers who used the tax table 
was computed by (1) using the midpoint of the income 
bracket of the tax table into which the taxpayer's adjusted 
gross income fell as the amount of adjusted gross income, 
(2) providing a 10 percent standard deduction based on the 
midpoint, and (3) allowing $600 for each exemption 
claimed. This formula produced the amount of taxable 
inc&me upon which the taxpayer's tax was based by way 
of the tax table. 

Taxable income for taxpayers using Form 1040A with 
adjusted gross income of $5,000 under $10,000 was com- 
puted by (1) using the total income reported, (2) deducting 
10 percent of the total income as standard deduction but 
limited to $1,000 or $500 in the case of a separate return 
of husband or wife, and (3) allowing $600 for each exemp- 
tion. This formula provided the amount of taxable income 
used by the taxpayer in his retained tax computation 
schedule. 



Tax Items 

Income tax rates remained unchanged for 1962. They 
were 20 percent of the first $2,000 of taxable income, and 
increased to 91 percent on taxable income in excess of 
$200,000 for all persons other than heads of household, 
in which case the maximum rate applied to taxable income 
in excess of $300,000. Under the split-income provision, 
the 91 percent rate was effective only on taxable income 
in excess of $400,000 on joint returns and returns of sur- 
viving spouse. In any case, the maximum income tax 
before credits was limited to 87 percent of taxable 
income. 

Income tax before credits 

Tax before credits was based on the taxable income and 
computed at the prescribed rates. It was either the regu- 
lar combined normal tax and surtax including tax from 
the tax table, or the tax computed under the alternative 
method, before such amounts were reduced by tax credits. 
It did not include the self -employment tax. 

Normal tax and surtax 

The income tax imposed upon the taxable income of 
individuals by the Internal Revenue Code of 1954 is 
divided into two sections. The first section is a normal 
tax of 3 percent of taxable income. All taxpayers with 
taxable income pay the first part of their tax liability 
at this rate. The second section of the income tax is the 
surtax which is levied on a scale graduated in relation 
to size of taxable income. To facilitate computation, the 
normal tax and surtax rates are combined in the tax 
tables furnished the public. 

Alternative computation of tax liability 

An alternative computation of the tax was afforded 
taxpayers on the long-term capital gains portion of their 
income. This alternative computation limited the tax on 
net long-term capital gains in excess of any net short- 
term capital losses to 25 percent. The portion of the 
income deemed ordinary income was still taxed at the 
normal tax and surtax rates. Under the alternative 
computation, half the excess described above was in- 
cluded in taxable income and the tax before credits was 
half of the included portion of the excess plus an amount 
calculated by applying the normal tax and surtax rates to 
the balance of taxable income. 

Providing there were some capital gains, the alternative 
computation of tax was advantageous if taxable income 
other than capital gains exceeded $36,000 on joint returns 
and returns of surviving spouse, $24,000 on returns of 
heads of household, or $18,000 on separate returns of 
other persons. These were the points at which the mar- 
ginal combined normal tax and surtax rates on the dif- 
ferent rate schedules exceeded 50 percent. 

Tax credit for dividends received 

This credit was allowed against the income tax for 
qualifying domestic dividends included in adjusted gross 
income. The tax credit was the lesser of 4 percent of 
such dividends or 4 percent of the taxable income, but 
could not exceed the income tax reduced by foreign tax 
credit. 



762-244 0-65-3 



28 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Tax credit for retirement income 

The retirement income credit was allowed if the tax- 
payer received earned income in excess of $600 in each 
of any 10 calendar years before the current taxable year. 
This tax credit was 20 percent of the retirement income, 
as defined in the Code, with a maximum credit of $304.80 
($240 for taxable years ending before October 25, 1962) 
for each retiree. The credit could not exceed the tax 
liability after being reduced by (1) the credit for tax 
withheld at source on tax-free covenant bonds, (2) the 
foreign tax credit, (3) the dividends received credit, and 
(4) the credit for partially tax-exempt interest. 

Tax credit for investment in certain depreciable property 

The investment credit, new in 1962, was 7 percent of 
a taxpayer's qualified investment in new and used tangible 
personal property and certain other tangible property 
which had a useful life of over 8 years. The cost or basis 
was reduced by (1) one thirdif the useful life was at least 
6 years but less than 8 years, or (2) two thirds if the use- 
ful life was at least 4 years but less than 6 years. The 
cost or basis was reduced 4/7 if the investment was in 
public utility property. If the tax liability exceeded 
$25,000 the tax credit was limited to $25,000 plus 25 
percent of the tax liability over that amount. Tax lia- 
bility was reduced by (1) the foreign tax credit, (2) the 
credit for partially tax-exempt interest, and (3) the re- 
tirement income credit before figuring the limitations 
on the investment credit. 

Tax credit for foreign tax paid 

This credit was permitted against the income tax only 
if nonbusiness deductions were itemized and the foreign 
tax excluded from those deductions. The credit related to 
the income and profits taxes paid to foreign countries or 
possessions of the United States and included the taxpay- 
er's share of such taxes paid through partnerships and 
fiduciaries. The tax credit was limited to the same pro- 
portion of the income tax before credits as the taxable 
income from foreign sources bore to the entire taxable 
income, but could not exceed the amount of foreign tax 
paid. 

Other tax credits 

The other tax credits against income tax were those 
for partially tax-exempt interest and for tax paid at 
source on interest from tax-free covenant bonds, but 
allowed only if nonbusiness deductions were itemized. 
Also included was the "throwback tax credit" allowed 
the recipient of an accumulation distribution from a 
complex trust, whether claimed on a standard or item- 
ized deduction return. 

The partially tax-exempt interest credit, allowed for 
interest on certain securities of the United States, was 
3 percent of the amount of partially exempt interest in- 
cluded in adjusted gross income, reduced by the itemized 
deduction for amortization of bond premium on the bonds. 
However, the credit could not exceed the smaller of (1) 
3 percent of the taxable income, or (2) income tax re- 
duced by credits for foreign tax paid and for dividends 
received. 



Tax credit was allowed for tax withheld at source on 
tax-free covenant bond interest. The issuing corporation 
withheld as tax 2 percent of the total interest earned. 
The taxpayer also included his share of this tax credit 
allotted to him through partnerships and fiduciaries. 

The throwback tax credit was the recipient's pro rata 
share of taxes paid by a complex trust in preceding tax 
years which would not have been payable by the trust had 
the trust in fact made distributions of income currently to 
the beneficiaries. Income tax paid on accumulation dis- 
tributions deemed distributed in prior years was not re- 
funded to the trust but was allowed as a credit against the 
income tax liability of the recipients. Credit in excess of 
the total tax was treated as an overpayment and as such 
was refundable. 

Income tax after credits 

Tax after credits was the income tax liability excluding 
the self-employment tax and was the criterion upon which 
taxable and nontaxable returns were classified. It was 
after the deduction for income tax credits, but prior to 
the year-end adjustments for taxwithheldfrom wages and 
payments on declaration which determined the overpay- 
ment or tax due status. 

Self-employment tax 

This tax was reported by each individual who had 
self-employment income derived from solely owned trade 
or business and from his share of partnership profits 
even though these enterprises elected to be taxed as 
corporations. Citizens employed by foreign governments 
or international organizations were subjected to self- 
employment tax on salaries for 1960 and subsequent 
years. Certain types of income and deductions were not 
allowed in computing self-employment earnings, such as 
investment income, capital gain or loss, net operating 
loss deduction, and casualty losses. The maximum amount 
subject to social security self-employment tax was $4,800 
although this maximum amount was reduced by the amount 
of wages received on which the social security employee 
tax had been withheld by an employer. No exemption was 
allowed against the self-employment income subject to tax 
and no tax credits applied to this tax. The self-employ- 
ment tax rate for 1962 was 4.7 percent. This tax was paid 
regardless of the taxpayer's age and even though social 
security benefits were received by the taxpayer. 

Tax withheld 

The tax withheld included the income taxwithheldfrom 
salaries and wages by employers, the income tax paid by 
regulated investment companies on undistributed capital 
gain, and the excess withholding of social security em- 
ployee tax. These items were considered to be taxpay- 
ments. The amount of income tax withheld by employers 
from wages subject to income tax withholding was with- 
held as prescribed in withholding tables or by the exact 
computation method and could have been increased by 
agreement between employer and employee. Income tax 
on capital gain retained by regulated investment com- 
panies was paid by the company and the taxpayer allotted 
his pro rata share of the tax paid. Excess social security 
tax is described below. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



29 



Excess social security tax 

This excess tax, reported with tax withheld, was the 
overwithholding of social security employee tax which 
occurred in some cases when the employee worked for 
more than one employer during the year. The employee 
social security tax rate for 1962 was 3 1/8 percent on 
$4,800 of wages, with a maximum of $150 tax. The amount 
withheld in excess of the maximum was reported with in- 
come tax withheld and used by the taxpayer as a payment 
on total tax liability and to the extent not used was 
refundable. 

Payments on 1962 declaration of estimated income tax 

Such payments were reported on returns. Form 1040. 
The payments, received with the 1962Declaration of Esti- 
mated Income Tax, Form 1040ES, also included any credit 
which was applied against the estimated tax by reason of 
an overpayment of the 1961 tax liability. 

Tax due at time of filing 

This amount was reported on returns where the tax 
withheld and the payments on declaration (together with 
other items reported with them) plus the ir.come tax 
credits were insufficient to cover the total of both the 
income tax before credits and the self-employment tax. 
The balance of tax due was paid when the return was 
filed. 

Overpayment 

An overpayment of tax occurred when the sum of the tax 
withheld and payments on declaration exceeded the com- 
bined income tax after credits and the self-employment 
tax. Overpayment on Form 1040A gave rise to a refund. 
On Forms 1040, overpayment could be elected as a re- 
fund, or as a credit on the subsequent year's estimated 
tax, or could be requested as part refund and part credit 
on the estimated tax. 

Refund 

A refund of tax included the portion of overpayment re- 
quested as refund by taxpayers filing Forms 1040, and all 
overpayments on Form 1040A. The refund could be re- 
quested in cash or a combination of cash and United 
States Savings Bonds, Series E. When bonds and cash 
were both checked on the return, the refund was made 
entirely in cash. The refund had to be at least $18.75 
before the bond election could be made. 

Credit on 1963 tax 

This credit, requested on Forms 1040, was that part of 
the overpayment of 1962 tax which taxpayers specifically 
requested be credited to their estimated income tax for 
1963. 



Tax Rate Classifications 

Data in tables 20 and 21 are classified by marginal 
tax rates, the maximum rate applied to any part of the 
tax base. The explanations which follow use the illustra- 



tions appearing at the end of this section to show how the 
tax return data presented in table 21 are derived from 
information available in the return. 

Tax base for returns with normal tax and surtax only 
is taxable income. For returns with alternative tax com- 
putation, the tax base is either (1) taxable income, where 
that amount is greater thanone-half the excess long-term 
capital gain, or (2) one-half the excess long-term capital 
gain, where that amount is equal to or greater than 
taxable income. 

Tax rate is the rate at which all or a portion of an 
individual's tax base is taxed. Some of the tax rates 
are described below: 

a. percent (returns with no tax base) - This is the 
rate applicable to returns that show deductions plus ex- 
emptions equal to or exceeding adjusted gross income and 
returns with no adjusted gross income. 

b. 50 percent (alternative tax computation returns 
with capital gains tax only) -This is the rate applicable to 
returns which show the amount of one-half the excess 
long-term capital gain equal to or greater than the taxable 
income. The one-half excess, therefore, is the tax base 
instead of taxable income. 

c. 50 percent (alternative tax computation returns 
with capital gains tax and normal tax and surtax) - This 
is the rate applicable to returns where a portion of the 
tax base is taxed at the capital gains rate (50 percent), 
and a portion at normal tax and surtax rates. 

d. 87 percent (returns eligible for 87 percent 
limitation) - This limitation of tax is 87 percent of 
the tax base subject to the regular normal and surtax 
rates. This rate is applicable when the tax base reaches: 
(1) $629,500 or more on a separate return, (2) $1,259,000 
or more on a joint return and a surviving spouse return, 
and (3) $938,000 or more on a head of household return. 

Marginal rate is the maximum rate applied to any part 
of the tax base. For example, a joint return with $11,000 
of tax base (for normal tax and surtax rates) has a mar- 
ginal tax rate of 26 percent. (See example.) Returns with 
a tax base subject to both the capital gains rate and the 
normal tax and surtax rates were classified in their mar- 
ginal surtax rate classes. 

Tax base taxed at all rates (column 3) is the entire 
tax base of each return classified by the marginal tax 
rate of the return. 

Tax generated at all rates (column 4) is the total re- 
ported tax before credits of each return classified by 
the marginal tax rate of the return. 

Tax base taxed at marginal rate (column 6) is that 
portion of the tax base that is taxed only at the marginal 
tax rate. For example, a joint return with $11,000 of tax 
base (for normal tax and surtax rates) would have $3,000 
taxed at a marginal rate of 26 percent. The remaining 
tax base was taxed at lower rates. 

Tax generated at marginal rate (column 7) is that 
portion of the tax liability of each return that is taxed 
at the maximum rate. It is obtained by applying the tax 
rate in the stub to the amount in column 6. 

Number of returns with any tax at tax rate (column 
8) is a distribution of returns by applicable tax rates. 
It includes each return which had some portion of the 
tax base taxed at the tax rate shown in the stub. For 
example, a joint return with $11,000 tax base (for nor- 



30 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



mal tax and surtax rates) would have some tax base 
taxed at the 20 percent, 22 percent, and 26 percent 
rates. 

Tax base at tax rate (column 9) is the tax base spread 
among the applicable tax rates. For example, a joint 
return with $11,000 tax base (for normal tax and surtax 
rates) would have $4,000 taxed at 20 percent, $4,000 
taxed at 22 percent, and $3,000 taxed at 26 percent. 



Tax generated at tax rate (column 10) is the total tax 
generated at each tax rate and is obtained by applying 
the tax rate in the stub to the tax base amount in column 
9. This amount is the recalculated income tax before 
credits and minor differences occurred between this 
total and the total for income tax before credits reported 
by the taxpayers for 1962 (column 4) because of the method 
used in statistically processing unaudited returns. 



ILLUSTRATIONS OF THE PRESENTATION OF TAX RETURN DATA CLASSIFIED BY RATE, AS SHOWN IN TABLE 21 



Example 1 



Derivation of Tax Baae: 



$16, 000 - Adjusted gross Incortie 




-3, 800 - Itemized deductions 




(12, 200 - Balance 




-1,200 - Exemptions 




Jll, 000 - Tax base (taxable income) 




Derivation of Tax: 




1st J4, 000 of tax base taxed at 20% 


$800 


2nd J4, 000 of tax base taxed at 22% 


J880 


Bal. J3, 000 of tax base taxed at 26% 

m.OOO Total tax 


J780 

$2,460 



Example 2 



Derivation of Tax Base: 



$50, 000 - Adjusted gross Income (Indudbig 1/2 t 
long-term capital gain of $5, 000) 
-3, 800 - Itemized deductions 



$45, 000 - Tentative tax base (taxable mcon 

$5. 000 - Tax base for capital gains tax 

$40,000 - Tax base for normal tax and sun 

$45. 000 - Total tax base (taxable income) 



: base taxed a 

( base taxed s 

t base taxed s 

: base taxed a 

: base taxed a 

: base taxed a 

: base taxed a 

: base taxed a 

9th $4, 000 of tax base taxed a 

BaL $4, 000 of tax base taxed a 

$40, 000 Normal tax and si 

Derivation of Capital Gain Tax: 



lat $4. 000 of ti 
2nd $4, 000 of t 
3rd $4, 000 of t 
4th $4. 000 of ti 
Sth $4, 000 of ti 
6th $4, 000 of ti 
7th $4, 000 of ti 
8tb $4, 000 of ti 



20% $800 

t 22% $880 

126% $1,040 

30% $1,200 

34% $1,360 

38% $1,520 

43% $1,720 

47% $1,880 

50% $2,000 

53% $2, 120 

rtax $14,520 



$5. 000 of tax base taxed at 50% $2, SOO 

$45. 000 Total tax $17, 020 



Example 3 



Derivation of Tax Base: 

$150, 000 - Adjusted gross income (including 1/2 exc 
net long-term capital gain of $145, 000) 
-13, 800 - Itemized deductions 
$136, 200 - Balance 

-1. 200 - Exemptions 
$135,000 - Tentative tax base (taxable income) 



$145, 000 - Total tax base 



Derivation of Tax: 



$135, 000 tentative tax base taxed at normal tax and surtax 

rates from tax rate schedule n $80, 340 

(above tax greater than capital gains tax — 
taxpayer uses derivation below) 

Derivation of Capital Gains Tax: 



$145, 000 of tax base taxed at 50% $72.500 

$145,000 Total tax $72.500 





Returns with tax rate as marginal rate 


Retmros with any tax at tax rate 




Number of 
returns 


Adjusted 
gross 

(Dotlmr.) 


Tax base 
taxed at 
all rates 

fltellT.) 


Tax generated at all 
rates 


Tax base 
taxed at 
marginal 

fnoii.r.J 


Tax 
generated 

at marginal 

(Doll,r,) 


Number of 


Tax base 
(DolUrm) 


Tax 
generated 




Amount 
(Boll,,,) 


As a percent 
of adjusted 
gross income 


(DotUrt) 




(1) 


(2) 


(3) 


M 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 



Example 1. —Data Reported on Joint Return With Normal Tax and Surtax Only 



20 percent. 
22 percent. 
26 percent. 



11,000 



i,000 
4,000 
3,000 



Example 2. —Data Reported on Joint Return With Capital Gains Tax and Normal Tax and Surtax 



20 percent... 
22 percent . . . 
26 percent. . . 
30 percent . . . 
3i percent. . . 
38 percent. . . 
i3 percent.. . 
~2r7~ percent . . . 

50 percent (r 
50 percent. . . 
53 percent... 



ith capital gains 



^50,000 
50,000 



^45,000 
45,000 



'17, 020 
17, 020 



'34.0 
34.0 



,000 2,500 

,000 2,120 



5,000 
4,000 
4,000 



1,360 
1,520 
1,720 
1,880 
2,500 
2,000 
2,120 



Example 3. —Data Reported on Joint Return With Capital Gains Tax Only 



only). 



48.3- 145,000 72,500 



Summary of Data Reported on the Above Three Joint Returns 






















3 
1 

1 
^1 

1 


216,000 
16,000 

150,000 
'50,000 

50,000 


201,000 

11,000 

145,000 
'45,000 

45,000 


91,980 
2,460 

72,500 
'17,020 

17,020 


42.6 

15.4 

48.3 
'34.0 

34.0 


157,000 
3,000 

145,000 
5,000 

4,000 


77,900 
780 

72,500 
2,500 

2,120 


^3 
2 
2 
2 

1 

1 
1 
1 
1 

1 

1 

1 


201,000 
8,000 
8,000 
7,000 
4,000 
4,000 
4,000 
4,000 
4,000 

145,000 
5,000 
4,000 
4,000 










1,760 
























50 percent (returns with capital gains tax only) 

50 percent (returns with capital gains tax and surtax) 


72,500 
2,500 











^This total is 
^These returns 
^This amount is 



sum of the following tax rate classes as many returns have a tax base taxed at more than i 
included in the total as they already appear in the class which is their marginal normal " 
eluded in the total for the reason stated in footnote 2. 



BASIC TABLES 
INDIVIDUAL RETURNS 1962 

Page 

1 . Number of returns, adjusted gross income, taxable income, and income 

tax, by adjusted gross income classes and classes cumulated 33 

2. Sources of income and loss for returns with standard deduction, 

returns with itemized deductions, and returns with no adjusted 
gross income 35 

3. Sources of income and loss, returns with standard deduction, and 

total itemized deductions, by adjusted gross income classes 36 

4. Sources of income and loss, exemptions, taxable income, and tax 

items— all returns, joint returns, and returns of single persons 
not head of household or surviving spouse, by adjusted gross 



income classes. 



38 



5. Percentage distribution of sources of income, and percent of returns 

with selected sources of income and loss for each adjusted gross 
income class 53 

6. Selected sources of income and loss by size of source: number of 

returns and amount of source by adjusted gross income classes ... 54 

7. Selected patterns of income, number of returns and amount of income 

by adjusted gross income classes 60 

8. Salaries and wages (net) as a percent of adjusted gross income: 

number of returns and amount of salaries and wages by adjusted 
gross income classes 53 

9. Returns with interest received— sources of income and loss, exemp- 

tions, taxable income, and tax items, by adjusted gross income 
classes 55 

10. Capital gains and losses, short- and long-term, and capital loss 

carryover, by adjusted gross income classes 70 

U. Returns with capital gain or loss — sources of income and loss, 
exemptions, taxable income, and tax items, by adjusted gross 
income classes 73 

12. Form 1040A returns— income, exemptions, taxable income, and tax 

items, by adjusted gross income classes 78 

13. Adjusted gross income, exemptions, taxable income, and income 

tax— all returns, returns with standard deduction, and returns with 
itemized deductions, by adjusted gross income classes and marital 
status of taxpayer 79 

14. Returns with itemized deductions— adjusted gross income, itemized 

deductions, exemptions, taxable income, and tax items, by adjusted 
gross income classes 85 

15. Returns with itemized deductions — sources of income and loss, ex- 

emptions, taxable income, and tax items, by adjusted gross income 
classes 87 

Continued on reverse 
31 



BASIC TABLES— Continued 

Page 

16. Itemized deductions as a percent of adjusted gross income: number 

of returns and amount of deduction by adjusted gross income 
classes 92 

17. Number of returns with deduction for State and local sales taxes, by 

size of deduction and adjusted gross income classes 102 

18. Number of exemptions by type, and frequency of returns by number of 

children and number of other dependents, by marital status of tax- 
payer and adjusted gross income classes 103 

19. Returns with income tax— adjusted gross income, taxable income, 

income tax, average tax, and income tax as a percent of selected 
items, by adjusted gross income classes and type of income tax ... 109 

20. Number of returns and amount of taxable income, by adjusted gross 

income classes and by marginal tax rates 110 

21. Income tax generated at each tax rate for all returns and returns 

under each of the three tax rate schedules 114 

22. Returns with at least one taxpayer age 65 or over — sources of income 

and loss, exemptions, taxable income, and tax items, by adjusted 

gross income classes 116 

23. Standard deduction returns with at least one taxpayer age 65 or 

over— adjusted gross income, exemptions, taxable income, and tax 
items, by adjusted gross income classes 121 

24. Itemized deduction returns with at least one taxpayer age 65 or 

over — adjusted gross income, itemized deductions, exemptions, 
taxable income, and tax items, by adjusted gross income classes . 122 

25. Returns with at least one taxpayer age 65 or over— number of ex- 

emptions and number of dependents by adjusted gross income 
classes and by marital status of taxpayer 124 

26. Selected sources of income, adjusted gross income, taxable income, 

and income tax, by States 125 

27. Returns with self-employment tax — adjusted gross income and self- 

employment tax, by States 127 

28. Returns with itemized deductions— adjusted gross income, and item- 

ized deductions by type, by States 127 

29. Deduction for taxes by types of tax and by States 128 

30. Number of returns and exemptions by type, by States 129 

31. Adjusted gross income, exemptions, taxable income, and income tax 

by adjusted gross income classes and States ^-^^ 



32 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



33 



Table 1.— NUMBER OF RETURNS, ADJUSTED GROSS INCOME, TAXABLE INCOME, AND INCOME TAX, BY ADJUSTED GROSS INCOME CLASSES AND CLASSES CUMULATED 



Adjusted gross 



classes and classes cumulated 



ADJUSTED GROSS INCOME CLASSES 



No adjusted gross 



Under $oOO 

$600 under $1,000. .. 
$1,000 under $1,500. 
$1,500 under $2,000. 
$2,000 under $2,500. 



*2 



500 under $3,000. . , 
000 under $3,500.. . 
500 under $4,000... 
000 under $4,500... 
500 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 $11,000. 
$11,000 under $12,000. 
$12,000 under $13,000. 
$13,000 under $14,000. 
$14,000 under $15,000. 



$15,000 under $20,000... 
$20,000 under $25,000... 
$25,000 under $50,000... 
$50,000 under $100,000.. 
$100,000 under $150,000. 



$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



CIMULATED FROM LOWEST ADJUSTED CROSS INCOME CLASS 
No adjusted gross income 



Under $bOO. 
Under $1,001 
Under $l,5a 
Under $2,001 



Under $3 
Under $4 
Under $4 
Under $5 



000. 



Under ; 
Under $7,000... 
Under $8,000... 
Under $9,000... 
Under $10,000.. 

Under $11,000.. 
Under $12,000.. 
Under $13,000.. 
Under $14,000.. 
Under $15,000.. 

Under $20,000.. 
Under $25,000.. 
Under $50,000.. 
Under $100,000. 
Under $150,000. 



Under $200,000. . . 
Under $500,000... 
Uuder $1,000,000. 



421,791 

4,002,049 
3,001,512 
3,953,747 
3,313,266 
3,292,738 

3,266,170 
3,349,192 
3,239,140 
3,159,556 
3,121,293 

6,157,541 
5,373,806 
4,332,207 
3,243,914 
2,404,470 

1,798,371 

1,248,376 

857,530 

594,214 

441,639 

1,047,768 
405,854 
537, 511 
121,552 
15,781 



421,791 

4,423,840 
7,425,352 
11,379,099 
14,692,365 
17,985,103 

21,251,273 
24,600,465 
27,839,605 
30,999,161 
34,120,459 

40,278,000 
45,651,806 
49,984,013 
53,227,927 
55,632,397 

57,430,768 
58, 679, 144 
59,536,674 
60,130,883 
60,572,527 

61,620,295 
62,026,149 
62,563,660 
62,685,212 
62,700,993 

62,706,043 
62,711,210 
62,712,031 



■^1,159,526 

1,304,371 
2,396,623 
4,904,997 
5,788,938 
7,415,382 

8,980,235 
10,887,666 
12,146,786 
13,425,430 
14,823,456 

33,834,250 
34,835,256 
32,379,767 
27,506,715 
22,776,270 

18,828,840 
14,316,373 
10,691,192 
8,003,140 
6,390,176 

17,818,457 
9,018,067 

17,926,263 
7,984,489 
1,883,854 

864,311 

1,465,175 

546,829 

717,179 



213,610 
1,029,637 
1,549,483 
2,301,060 

3,190,780 
4,217,093 
5,045,679 
5,932,502 
6,836,933 

16,456,322 
17,846,738 
17,670,715 
16,005,320 
13,961,232 

11,975,311 
9,447,206 
7,244,497 
5,542,371 
4,480,481 

12,847,914 
c, 787, 100 

14,072,276 
6,441,157 
1,496,533 

672,683 

1,111,155 

419, 638 

524,548 



64.2 
72.8 
79.7 
84,9 



100.0 
100.0 
100.0 



•'1,159,526 

144,845 
2,541,468 
7,446,465 
13,235,403 
20,651,285 

29,631,520 
40,519,186 
52,665,972 
66,091,402 
80,914,358 

114,749,108 
149,854,354 
181,964,131 
209,470,846 
232,247,116 

251,075,95o 
265,392,334 
276,033,526 
234,086,666 
290,476,842 

303,295,299 
317,313,366 
335,239,629 
X3, 224, 113 
345,107,972 

345,972,283 
347,437,458 
347,984,287 



11.6 
15.1 
19.0 
23.2 

32.9 
43.0 
52.2 
60.1 



72.0 
76.1 
79.2 
81.5 
83.3 



99.2 
99. o 
99.8 



213, 610 
1,243,247 
2,792,730 
5,093,790 

3,284,570 
12,501,663 
17,547,342 
23,479,84.4 
30,316,782 

46,773,604 
64,620,342 
82,291,057 
96,296,377 
112,257,609 

124,232,920 
133,680,126 
140,924,623 
146,466,994 
150,947,475 

lo3, 795,389 
170, 582,489 
184,654,765 
191,095,922 
192,592,455 

193,265,138 
194,376,293 
194,795,931 



42,379 
203,759 
301,728 
445,048 

619,001 

326, 100 

995,713 

1,181,829 

1,369,120 

3,311,603 
3,607,868 
3,599,823 
3,283,692 
2,892,363 

2,498,655 
1,996,485 
1,554,723 
1,206,799 
991,070 

2,970,823 
1,716,653 
4,303,594 
2,684,994 
743,058 



0.1 


42,379 


n.6 


246,138 


1.4 


547,866 


2.6 


992,914 


4,2 


1,611,915 


6.4 


2,433,015 


9.0 


3,433,728 


12.0 


4,615,557 


15.5 


5,984,677 


23.9 


9,296,230 


33.1 


12,904,148 


42.1 


16,503,976 


50.3 


19,787,663 


57.5 


22,680,031 


63.fi 


25,173,636 


68 4 


27,175,171 


72.2 


23,729,394 


75,0 


29,936,693 


77,3 


30,927,763 


83.9 


33,898,586 


87.3 


35,615,239 


94.5 


39,923,833 


97.3 


42,603,827 


93. o 


43,356,395 


98.9 


43,717,9ol 


99.5 


44,349,034 


99.7 


4.4,591,945 



. end of table. See 



for "Description of the Sample and Lij 



34 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 1.— NUMBER OF RETURNS. ADJUSTED GROSS INCOME, TAXABLE INCOME, AND INCOME TAX, BY ADJUSTED GROSS INCOME CLASSES AND CLASSES CUMULATED— Co 

[Taxable £ina nontaxable returnEl 



classes cumulated 



CUMULATED FROM HIGHEST ADJUSTED GROSS INCOME CLASS 

$1,000,000 or more 

$500,000 or more 

$200,000 or more 

$150,000 or more 

$100,000 or more 

$50,000 or more 

$25,000 or more 

$20,000 or more 

$15,000 or more 

$14,000 or more 

$13,000 or more 

$12,000 or more 

$11,000 or more 

$10,000 or more 

$9,000 or more 

$e, 000 or more 

$7,000 or more 

$6,000 or more 

$5,000 or more 

$i , 500 or more 

$4,000 or more 

$3,500 or more 

$3,000 or more 

$2,500 or more 

$2,000 or more 

$1,500 or more 

$1,000 or more 

$600 or more 

Returns with adjusted gross income 

Total 



(3) 



1,176 
6,343 
11,393 
27,174 

148,726 

686,237 

1,092,091 

2,139,859 

2,581,498 
3,175,712 
4,033,242 
5,281,618 
7,079,939 

9,484,459 
12,728,373 
17,060,530 
22,434,386 
28,591,927 

31,713,225 
34,872,781 
38,111,921 
41,461,113 
44,727,283 

48,020,021 
51,333,287 
55,287,034 
53,288,546 



02,712,386 



15.1 
20.3 
27.2 
35.8 
45.6 

50.6 
55.6 
60.8 
66.1 
71.3 



92.9 
99,3 

100,0 



717,179 
1,264,008 
2,729,183 
3,593,494 

5,477,348 

13,461,837 
31,388,100 
40,406,167 
58,224,624 

64,614,800 
72,617,940 
83,309,132 
97,625,510 
116,454,350 

139,230,620 
166,737,335 
199,117,102 
233,952,358 
267,786,608 

282,610, 0.i4 
296,035,494 
308,182,230 
319,069,946 
328,050,181 

335,466,063 
341,255,001 
346,159,998 
348,556,621 



0.2 


524,548 


0.4 


944,186 


0.8 


2,055,341 


1.0 


2,728,024 


1.6 


4,224,557 


3.9 


10,665,714 


9,0 


24,737,990 


11.6 


31,525,090 


16.7 


44,373,004 


13.5 


48,853,485 


20.8 


54,395,856 


23.9 


61,640,353 


30.0 


71,037,559 


33.4 


83,062,370 


39.9 


97,024,102 


47.8 


113,029,422 


57.1 


130, 700, 137 


67.1 


148,546,875 


76.8 


165,003,697 


31.0 


171,840,635 


34.9 


177,773,137 


38.4 


182,818,816 


91.5 


187,035,909 


94.1 


190,226,689 


96.2 


192,527,749 


97.9 


194,077,232 


99.3 


195,105,859 


100.0 


195,320,479 



0.3 


310,895 


0.5 


553,756 


1.1 


1,134,879 


1.4 


1,545,945 


2.2 


2,294,013 


5.5 


4,979,007 


12.7 


9,287,601 


16.1 


11,004,254 


22.7 


13,975,077 


25.0 


14,966,147 


27.3 


16,172,946 


31.6 


17,727,669 


36.4 


19,724,154 


42.5 


22,222,809 


49.7 


25,115,172 


57.9 


23,398,864 


66.9 


31,998,692 


76.1 


35,606,560 


84.5 


38,918,163 


88.0 


40,287,283 


91.0 


41,469,112 


93.6 


42,46^,825 


95.8 


43,290,925 


97.4 


43,909,926 


98.6 


44,354,974 


99.4 


44,656,702 


99.9 


44,860,461 


100.0 


44,902,840 


100.0 


44,902,840 



11.1 

20.7 
24.5 
31.1 

33.3 

36.0 
39.5 
43.9 
49.5 

55.9 
63.2 
71.3 
79.3 



89.7 
92.4 
94.6 
96.4 
97.8 

93.8 
99.5 
99.9 
100.0 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classific, 

^Adjusted gross income less deficit. 

^Deficit. 

^Less than 0.05 percent. 

NOTE: Detail may not add to total because of rxjunding. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



35 



Table 2. —SOURCES OF INCOME AND LOSS FOR RETURNS WITH STANDARD DEDUCTION, RETURNS WITH ITEMIZED DEDUCTIONS, AND RETURNS WITH NO ADJUSTED GROSS INCOME 

[Tajtable and nontaxable returns] 



All returns 


Returns with standard 
deduction 


Returns wi 
dedu 


th Itemiaed 
jtions 


Returns with 
gross i 


no adjusted 


Number of 


Amount 
dollm,.) 


Number of 
returns 


Amount 
dollarm) 


Number of 


Amount 

dotlarai 


Number of 


Amount 

(Thoitaand 
dolUra) 


(1) 


(2) 


(3) 


(4) 


(5) 


(6)- 


(7) 


(8) 


62,712,386 


348,701,466 


35, 839, 490 


U7, 107, 301 


26,451,105 


212,753,691 


421,791 


'1,159,526 


55, 096, 240 
5,830,562 
14, 736, 574 


283, 372, 515 
10,639,818 
7,155,412 


31,723,346 
1,979,199 
5,384,403 


117,036,302 
1,477,339 
2, 308, 179 


23,268,129 
3, 809, 503 
9,255,799 


166, 106, 568 
9, 129, 365 
4,776,027 


99,764 
41,867 
96,370 


229, 642 
33, 104 

71, 197 


6, 917, 605 
1, im, 957 


26,851,131 
2, 925, 775 


3,831,916 
700,720 


10,402,191 
739,902 


3, 068, 290 
712, 141 


16, 409, 610 
1,129,831 


17, 394 
297, 105 


39,329 
1, 056, 035 


4, 322, 510 
1,599,445 


6,821,421 
1, 050, 393 


1, 734, 928 
390, 101 


1, 465, 836 
234,912 


2, 511, 536 
1, 173, 178 


5, 149, 194 
775, 106 


76, 056 
36, 167 


206, 326 
40, 371 


85,582 
184, 215 


68,826 
285, 266 


42, 376 
66, 216 


27,967 
40,513 


40, 850 
98, 905 


38, 534 
152,722 


2,362 

19,096 


2,323 

92, 026 


1, 019, 506 
514, 457 


1, 349, 567 
972, 926 


421, 140 
222, 949 


477, 804 
358, 659 


596, 025 
289,630 


868,963 
612, 099 


2,345 

1,383 


2,788 
2,158 


4, 077, 128 
1, 885, 028 


3,933,475 
1, 063, 070 


1, 591, 819 
516, 451 


1, 257, 744 
210, 132 


2, 439, 836 

1,306,768 


2, 60S, 253 
727, 762 


45,474 
61, 812 


67,465 

125, 172 


402, 503 
25,985 


584, 339 
75, 016 


169, 034 
5,828 


161,784 
5,190 


224, 540 
18, 761 


406, 521 
53, 477 


8,938 
1, 400 


16, 039 
16, 348 


1, 588, 004 
367,728 

425, 546 
23, 575 


10, 210, 149 
865,832 

691,986 
29, 355 

2, 343, 416 


627, 030 
94, 574 

144,642 
5,690 


2,468,957 
102,407 

167, 064 
2,117 

831,934 


950', 298 
228,424 

277, 707 
17,071 


7,716,784 
485, 020 

518,805 
20,764 

1,756,593 


10, 676 
44,730 

3,205 
819 

(") 


24, 400 

278,400 


6,109 
6,976 


'245, 100 



Adjusted gross income ( 

Salaries zind wages (net) 

Dividends (al^ter exclusions). 
Interest received 



tusiness, famij 
Net profit. . . . 
Net loss 



Sales of capital ; 

Net gain 

Net loss 



Pensions and annuities: 
Life expectancy method. 
3-year method 

Rents: 

Net income 

Net loss 



Partnership: 
Net profit. 
Net loss.. . 

Estate and tn 
Income 



See text for "Descriptii 

^Deficit. 

^Not tabulated. 

■'Negative "Other source 

NOTE: Detail may not ad( 



1 of the Sample and Limitations of the Data" and "Explanatii 



i fie at ions and Ten 



36 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



-SOURCES OF INCOME AND LOSS, RETURNS WITH STANDARD DEDUCTION, AND TOTAL ITEMIZED DEDUCTIONS, BY ADJUSTED GROSS INCOME CLASSES 

[Taxable and nontaxable returns] 



Adjusted gross 



Total 

No adjusted gross income.... 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3, 500 

$3,500 under $4,000 

$i,000 under $4,500 

$4,500 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 

il0,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000. . . 
$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000 
Returns $10,000 or more 



All returns 



421,791 
4,002,049 
3,001,512 
3,953,747 
3,313,266 
3,292,738 
3,266,170 
3,349,192 
3, 239, 140 
3,159,556 
3,121,298 
6,157,541 
5,373,806 
4,332,207 
3,243,914 
2,404,470 
1,798,371 
1,248,376 
857,530 
594, 214 
441, 639 

1,047,768 
405,854 
537, 511 
121,552 
15,781 



34,120,459 
21,511,938 
7,079,989 



Salaries and wages (netl 



'348,701,456 



^1,159,526 
1,304,371 
2,396,623 
4,904,997 
5,788,933 
7,415,882 
8,980,235 
10,887,666 
12,146,786 
13,425,430 
14,823,456 

33,834,250 
34,835,256 
32,379,767 
27,506,715 
22,776,270 
18,828,840 
14,316,378 
10,691,192 
8,003,140 
6, 390, 176 
17,818,457 
9,018,067 
17,926,263 
7,984,489 
1,883,854 
864,311 
1,465,175 
546,829 
717,179 



914,858 
151,332,258 
116,454,350 



99,764 
3,437,409 
2,397,626 
3,161,025 
2,640,969 
2,698,394 

2,796,227 
2,932,348 
2,875,607 
2,853,252 
2,849,544 

5,747,534 

5,064,731 

4,105,488 

3,074,940 

2,260,097 

1,680,514 

1,152,253 

777,412 

525,737 

380,958 

847,786 

288,426 

351,200 

79,468 

10,264 

3,254 

3,239 

545 

229 



28,742,165 
20,252,790 
6, 101, 285 



229,542 
1, 145, 176 
1,882,882 
3,802,197 
4,382,371 
5,803,736 

7,311,053 

9,140,197 

10,300,548 

11,657,930 

12,988,644 

30,440,811 

31,685,132 

29,476,591 

24,866,263 

20,367,124 

16,663,118 

12,397,266 

8,966,189 

5,448,920 

4,923,453 

12,155,155 

4,882,682 

7,659,084 

2,841,434 

503,231 

188,629 

211,200 

37,693 

14,164 



,544,376 3,873,989 
136,835,921 1,958,918 
77,892,218 1,084,698 



farm, or profess ii 



17,394 

328, 502 
363,684 
468,343 
429,482 
418,073 
401,765 
398,879 
369,444 
341, 220 
337, 198 
563,804 
477,493 
392,620 
299,440 
225,561 
174,987 
134,413 
104,544 
83,479 
70,266 
214,686 
111,881 
158,757 
28,117 
2,426 
559 



39,329 
123,011 
242,283 
450,732 
562,838 
680, 736 
771, 107 
893,888 
923,328 
918,704 
975, 303 

1,755,044 

1,594,847 

1,457,146 

1,259,249 

1,125,848 

985,159 

859,425 

.745,3U 

683,458 

625,886 

2,407,295 

1,719,987 

3,713,991 

1,134,023 

130,028 

31, 149 

30,058 

3,555 

7,361 



6,582,309 
7,192,134 
13,076,688 



297,105 
86,979 
50,873 
73,885 
71,028 
70,284 
71,833 
77,745 
66,440 
86,098 
82,718 

146,847 
125,279 
93,736 
63,656 
48,031 
34,884 
24,701 
18,231 
13,175 
10,701 
29,307 
13,457 
21,808 
7,582 
1,722 
703 
863 



1,054,988 
477, 549 
177,420 



87,338 
79,435 
79,471 

74,336 
83,798 
91,809 
81,336 
92,443 

130,813 
113,899 
86,425 
73,644 
49,590 
37, 229 
32,301 
29,518 
22,707 
17,761 
59,029 
62,421 
153,239 
80,291 
30,632 
17,727 
30,878 
15,353 
11,024 



1,871,294 
454,371 
600, 110 



Sales of capital assets 



76,056 
90, 162 
106, 175 
153,261 
175, 595 
177,034 

159,409 
172, 107 
174,961 
154,375 
149,938 
305,226 
295,148 
269,979 
247,356 
214,581 
190,406 
155,899 
130,582 
104,856 
88,573 
273,351 
139,768 
223, 104 
54,991 
10,700 



1,599,073 
1,332,300 
1,391,137 



Amount 



206,326 
33,874 
38,935 
67,720 
89,049 
99,823 
92, 593 
115,551 
112,638 
99,038 
97,424 

204, 337 
197,903 
170,697 
188,977 
170,446 

170,796 
155,000 
141,850 
120,830 
113,470 
465,916 
323,889 
912,844 
742,075 
338,903 
208,162 
495,305 
275,531 
371, 519 



1,052,971 

932,360 

4,836,090 



36, 167 
28,565 
24,580 
31,015 
38,015 
34,160 
36,212 
44,250 
52,086 



100,982 
115,234 
97,354 



141, 736 
75,378 
127,600 
32,817 
3,352 
917 



422,949 
490,412 
686,084 



Amount 



18,766 
16,463 
16,160 
25,221 
19,833 
22,658 
32,003 
32,021 
26,977 
32,882 
63,612 
65,141 
63,358 
51,071 
54,815 
49,787 
42,451 
35,854 
31,652 
28,208 
95,670 
54,883 
98,955 
27,110 
2,930 



283, 355 
297,997 
469,041 



Adjusted gross 



Sales of property other than capital assets 



Amount 
(Thoummnd 



Interest received 



Amount 



Pensions and annuities 



Life expectancy method 



Total. 



No adjusted gross income. . 

Under $500 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$87000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000.... 
$100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



3,374 



1,397 
1,583 
1,608 
2,445 
2,284 
3,665 
1,578 
2,792 
3,764 
3,638 
2,590 
2,508 



3,267 
2,X5 
2,510 



3,276 
1,365 
2,348 



8,541 
5,495 
4,203 
7,203 
7,190 
8,495 
6,282 
6,275 

16, 224 
9,970 

10, 695 
7,954 
6,740 
5,645 
4,739 
3,545 
3,378 
2,107 

9,043 
4,863 
10, 393 
3,989 



92,025 
7,929 
2,956 
6,851 
2,925 
2,658 
9,294 
5,585 
5,175 
3,205 
3,776 

16,631 
7,577 

12,244 
5,821 
6,581 



12,891 
8,327 
25,729 
13,446 
3,407 



41,367 
75,743 
129,263 
209, 162 
230,929 
207,428 
190,935 
187,097 
203,231 
175,924 
189,064 
396,032 
384,567 
349,789 
342,387 
306,780 

279,206 
235,652 
193,006 
167,712 
147,038 
448,443 
230,584 
372,726 
104,420 
14,711 



33,104 
18,543 
45,978 
94,375 
123,742 
125,980 
135,985 
141,243 
166,719 
144,494 
144,313 
285,702 
304,482 
271, 192 
254,963 
274,753 
257,482 
235,409 
227,871 
230,230 
214,342 
832, 588 
670, 212 
1,951,993 



300,665 
583,167 
213,771 
318,354 



96,370 

223,041 

338,662 

582,510 

575,419 

547,928 

499,288 

521,708 

524,459 

539,865 

590,989 

1,286,063 

1,288,856 

1,215,171 

1, 049,907 

388,210 



451,339 
339, 166 
267,902 
696,256 
297, 194 
420,468 
103,617 
13,708 



71, 197 
50,666 
108,121 
234,504 
272,833 
282,491 
261,939 
259,121 
248,607 
229,859 
224,000 
452,672 
415,501 
359,997 
344,225 
304,303 



193,335 
167,236 
154, 175 
503,720 
316,050 
694,106 
309,316 
71,464 
31,635 
49,292 
14,740 
11,149 



2,345 
11,972 
34,504 



78,050 
70,475 
60,014 
42,474 
47,987 
72,657 
53,077 
48,650 
31,479 
25,216 
22,394 
16,818 
13,151 
11,005 
9,768 
25, 274 
14,453 
22,054 



2,783 

5,231 
19,787 
64,837 
111,163 
129,104 
100,869 
95,205 
87,230 
57,437 
63,416 
105,442 
73,146 
74,771 
51,632 
44,843 
29,198 
24,408 
20,855 
17,155 
14,507 

40,843 
30,988 
50,807 
21,771 
6,365 



6,032 
12,953 
39,804 
52,044 
59,496 

50,552 
32,246 
35,589 
26,900 
21,988 
36,000 
31,239 
22,337 
16,010 
14,304 

9,539 
5,732 
5,917 
4,048 
3,078 
10,466 
5,528 
5,737 
1,851 



3,102 
7,644 
33,811 
57,704 
85,548 
84,294 
55,777 
75,231 



86,572 
61,667 
57,479 
45, 376 
38,442 
23,854 
17,535 
14,763 
9,092 
9,138 

31,632 
20,344 
25, 317 
11,637 
2,731 



23,946 
15,251 
29,529 



83,249 
51,583 
49,383 



142,381 
48,954 
93,931 



1,840,643 
1,779,555 
2,210,364 



1,174,476 
1,391,092 
8,074,250 



5,040,239 
5,728,207 
3,958,128 



2,243,338 
1,886,698 
3,025,376 



737,057 
349,834 

262,666 



340,597 
120,390 
53,470 



513,357 
239,535 
169,433 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifi 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



37 



Table 3.— SOURCES OF INCOME AND LOSS, RETURNS WITH STANDARD DEDUCTION, AND TOTAL ITEMIZED DEDUCTIONS, BY ADJUSTED GROSS INCOME CLASSES- 

[Taxable arid nontaxable returns] 



Adjusted gross 



No adjusted gross 



OCX). 



$600 under $1,000. 

$1,000 under $1,50 

$1,500 under $2 

$2,000 under $2 

$2,500 under $3 

$3,000 under $3 

$3,500 under $4 

$4,000 under $4 

$4,500 under $5 

$5,000 under $6 
$6,000 under $7 
$7,000 under $8 
$8,000 under $9 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 

$150,000 under $200,000. . . 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



Returns under $5,00' 
Returns $5,000 unde 
Returns $10,000 or i 



45,474 

128,103 
165,349 
254,264 
233,743 
204,727 
184,496 
164,235 
174,432 
155,698 
165,358 
335,979 
332,136 
299,262 
238,763 
176,899 
148,717 
106,004 
82,901 
63,578 
52,555 
145,139 
69,524 
113,944 
29,051 



1,375,879 

1,383,039 

318,210 



67,465 

46,355 
84,228 
159,647 
166,619 
162,952 
139,922 
131,565 
146,745 
130,385 
124,543 

248,483 
204,998 
197,610 
169,263 

137,840 

138,144 
109, 380 
106,820 
82,086 
80,312 
275,165 
169,529 
419,621 
166,026 
34,265 
15,963 
13,690 
2,657 
1,197 



1,360,426 

958,194 

1,614,855 



61,812 
29,926 
28,127 
49,053 
45,177 
52,946 

57,206 
68,340 
82,011 
86,584 
85,374 
205,370 
181,871 
178,351 
135,236 
115,934 
93,030 
65,286 
45,103 
33,979 
26,213 
67,944 
29,188 
46,066 
11,496 



646,556 
816,762 
421,710 



Amount 
(Thoiiaand 



125,172 
13,693 
15,185 
24,936 
19,850 
28,632 
22,970 
35,582 
28,986 
40,750 
37,947 

76,920 
72,082 
71,252 
55,498 
49,247 
44,934 
33,479 
25,185 
20,155 
17,304 
55,901 
26,697 
65,963 
28,295 



4,653 
8,466 
2,152 

1,576 



8,938 
10,042 
10,202 
19,554 
20,062 
12,562 

18,325 
13,614 
14,466 
11,944 
16,422 
23,329 
23,470 
25,954 
20,027 
20,553 



7,723 
24,616 
13,531 



156,131 
118,333 
128,039 



16,039 

3,831 
3,227 
8,132 
11,961 
8,430 



16,420 
14,439 
20,091 
25,572 
20,046 

16,541 
13,539 
14,588 
12,995 
10,508 
51,592 
26,709 
92,520 
60,054 
19,665 
12,796 
23,786 
11,319 
6,529 



114,630 
96,568 
373,141 



599 

234 

1,296 

5,282 
1,658 
11,638 
8,218 
4,070 
5,299 
4,405 
2,450 
2,257 



10,676 
29,386 
33,132 
50,489 
46,348 
51,133 
49,172 
53,992 
60,515 
56,822 
62,724 

110,401 
105,605 
101,013 
84,464 
74,662 
62,850 
56,130 
45,486 
37,095 
33,093 

119,475 
73,616 

134,169 
37,614 



5CH,339 
476,175 
607,440 



24,400 

14,319 

22,945 

52,233 

62,221 

33,427 

96,935 

114,861 

142,404 

157,553 

205,773 

354,530 

375,725 

404,316 

352,941 

352,949 

323,923 

315,454 

277,574 

243,909 

249,452 

1,066,279 

859,906 

2,402,359 

1,176,502 

245,617 

95,936 

110,678 

15,139 

9,389 



977,071 
1,840,961 
7,392,117 



10,089 
5,341 
5,503 
11,081 
6,988 
10,161 
11,748 
12,159 
9,408 
9,448 
22,998 
20,433 
18,437 
17,101 
16,095 
13,385 
12,193 
10,507 
9,248 
7,357 
24,981 
15,395 
29,102 
10,178 
1,786 



278,399 
12,687 
9,695 
6,834 
10,170 
7,038 
10,909 
17,383 
12,680 
8,116 
9,382 
23,864 
15,678 
21,167 
17,101 
16,295 

17,254 
16,368 
14,049 
10,389 
10,488 
44,571 
39,168 
99,741 
60,734 
19,633 
15,331 
24,225 
9,791 
6,142 



136,655 
95,064 
136,0 



Estates and trusts 



Amount 
(Thaiiind 



itemized deductions 



Total 

No adjusted gross income 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$3,000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15 ,000 

$15,000 linder $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



137,107,301 



6,109 

1,712 
6,578 
11,597 
13,076 
9,723 
11,166 
13,955 
18,325 
13,334 
12,260 
28,050' 
28,663 
26,363 
25,180 
14,614 
20,813 
21,570 
19,670 
18,712 
18,240 

63.558 
48,403 
109,910 
72,359 
19,959 

8,522 
15,592 
5,396 
3,572 



2,043 
1,472 
2,516 
1,114 



774 
1,374 
1,851 
4,007 
2,604 
1,162 

361 



2,491 

31,492 
65,766 
72,383 
1,801 
96,559 
8,870 
85,855 
98,325 
97, 619 
r '164,692 
151,958 
105,733 
122,063 
I 102,004 
82,151 
63,306 
64,696 
56,040 
53,520 

194,327 
143,787 
346,040 
173,660 
38,864 

13,432 



3,966,004 
2,795,518 
3,494,990 
2,641,762 
2,463,209 

2,294,977 
2,251,493 
1,994,965 
1,822,782 
1,704,647 
2,897,182 
2,207,395 
1,599,393 
1,175,263 
842,691 

576,559 
364,299 
227,657 
140,429 
96,738 

185,935 
51,039 
40,276 
3,454 



1,292,533 
2,225,430 
4,318,574 
4,612,756 
5,541,805 

6,300,078 
7,311,667 
7,475,472 
7,735,287 
8,090,454 
15,883,725 
14,287,673 
11,946,379 
9,960,395 
7,982,628 
6,030,525 
4,174,342 
2,836,676 
1,890,583 
1,399,574 

3,137,932 

1,123,081 
1,277,555 
214,913 
27,402 
9,596 
11,375 
2,391 



36,045 
205,994 
453,757 
671,504 
829,529 

971,193 
1,097,699 
1,244,175 
1, 336, 774 
1,416,651 
3,260,359 
3,166,411 
2,732,314 
2,063,651 
1,561,779 

1,221,812 
884,077 
629,873 
453,735 
344,901 

861,333 
354,815 
497,235 
113,098 
15,549 
4,994 



11,839 

171,193 

586,423 

1,176,132 

1,874,077 

2,680,157 
3,575,999 
4,671,314 
5,690,143 
6,733,002 
17,950,525 
20,547,533 
20,433,388 
17,546,320 
14,793,642 
12,798,315 
10,141,536 
7,854,516 
6,112,557 
4,990,602 
14,680,525 
7,839,986 
16,648,708 
7,769,576 
1,856,452 
854,715 
1,453,300 
543,938 
717,179 



27,472 

91,882 

230,979 

417,895 

596.263 

759,616 

950,207 

1,163,524 

1,354,461 

1,543,892 

3,844,742 

4,187,808 

4,073,540 

3,334,163 

2,793,650 

2,371,358 

1,807,611 

1,373,175 

1,045,651 

857,184 

2,466,909 

1,264,819 

2,577,092 

1,267,907 

354,099 

183,613 
343,361 
123,548 
194,483 



143,656 
111,970 
169,920 



122,840 
122,870 
446,276 



7,790 
4,079 
11,706 



12,361 
1,212 

15,782 



475,061 

646,450 

1,221,905 



25, 430, 347 
8,722,424 
1,686.719 



54,904,056 
60,060,800 
22,142,445 



8,268,321 
12,789,514 

5,393,270 



27,170,328 
91,271,458 
94,311,905 



7,136,196 
18,283,903 

16.240.810 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and T. 
^Adjusted gross income less deficit. 
^Deficit. 
Estimate is not shown separately because of high sampling variability. However, 

. add to total 



luded in the appropriate totals 



38 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 

^£, \o to r^ to<Mf^c-o voc-M-f^^'A r-o»t-ruo ov^DrHxoy? ajo<?o o> rn ocorgiog p>r-i-.j\Oi-ir 
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§!§§§ §§§§§s 1^-; 

t=§88 888888 ^tl 



45 



46 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



^ &■ 



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g ■g333 =3333 SSsSs goooo ooooS 888°, S § 



JeSS SiSSs 



;|§§§ §§§§§S 1^ 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



47 



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5,1 
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INDIVIDUAL INCOME TAX RETURNS FOR 1962 

%C^ ^0\OC^JpV (T«r-<Or-<»0 r\C^OJiH*0 CM ■^ Q r-i <f. tOCOO'-t vj O CncHCOa> •-> 

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1 11 §o s •s d 



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•111 mils i^-s 

OOQ OQoSoo tamra 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



49 



II 



I £■ 



^Dr^^4^r^ ^CT^como* (^sDooOifi ^0"*\0-^ ■«*CT<fV'riin iriiHrHo 

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50 



I I' 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



gsissa sS-is? S^ 



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51 



52 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



J 3 



!'■■ 



;JPS3 SS83S 



«ft r-< CU r-t (n fH "" (>1 --^ ^ t- Oi e^ 5 









SiHmn {^\o<ntf>->i- f^ooHino '^*^21X^ rS!0 






n 3 35 3m 




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•.«>■«"«■ ■w--«>«*»-«- ai irT 3 



^ S|§§§ §§§§§fe 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



53 






^piai^a nasaaa 



;:j ssssf- 



gl^ttcoo e;^::!^ 






I I 5 



|i§§ §§§§§ §§§§§ 



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(- ■ -s tO - tfl <0 (O to to tft to 1 

I |iiii mill 

O c \D ^^ M rv rg'r^f^-.f Nj u 






54 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



«S3S^ 8E 






d r^->firit--Nr vDNrd-Si-t CMcur 



^ J: 



■§ ei 



r^ ci?fyR;SS cuSS^^ 



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sas2s ^f 









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;t|| mil §§§§§ ooooi § I ^§111 lllli 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



fa ssfj! 



s?" as 



§ i 






1 I 



II: 



-jjTOrHin to^-^coc 



S°i 



<■ r4 O -S rT j^" C^ O >t C 






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uOt.'O-a -oxJ-o-a-o GQigGC 3339 



o 'Sot.-S-o ■a-a-S-o-S cgcc'c §§§§c 

? |S.S§§ §§§§§ ==„=„ asaa' 



56 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



I li 









^ p, tf^ ,H fv c^ f-i rKTOTOCOAi :;J 5 r 









C^C^C^O^'H ^stnS^f 









5S33;} 



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;^§§ §§§§1 §3333 oQooS « S ^S^§§ §§§§§ 333=3 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



57 



I 8- 



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3:5333 „„„„„ QOOOO O (Qr^ ^^ 



58 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 












I 15 



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3 O i^p f^eDg^fHrM cmvDco 



§ i 









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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



59 



ill 






i 85 



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762-244 0-65-5 



60 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 












3 g 






cNt^o^'^ Oin-*cyiA ^o^op^^lO fycMc 
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I I |iii mil mil ^^^^^ ^§^^5 

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K 'M-'«»-'«9-4« «>■■•*-#»■-«*<* «9'-«9--t9-#4» -W»«>«9'4»^4'»' «»*»*»«»* 



iiiii mils ill 



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■sn%.. |: 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

tf'r^5£?C' 'OI?:*?^^ Ji!'5JiNi^::f r:' '^^ '^ -^. '^. f: i* '^ o a^ c~ \d ^i ^onr-Ior 















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18K S 9 



61 



»*&-** «*■■«'*■-»««■ <»<a-<fr^ 



62 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



1 t 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



63 



Table 8.— SALARIES AND WAGES (NET) AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF SALARIES AND WAGES BY ADJUSTED 

GROSS INCOME CLASSES 

[Taxable and nontajcable returns] 



Number of 

salaries and 
wages (net) 



Amount of 
salaries and 
wages (net) 



2S and wages (net) as a per 



10 under 20 per 



20 under 30 per 



Total 

No adjusted gross income.... 

Under $600 

i600 under $1, 000 

SI, 000 under *1, 500 

SI, 500 under S2,000 

$2, 000 under $2, 500 

i2, 500 under t3,000 
3, 000 under S3, 500 
3, 500 under Si, 000 
i, 000 under S4, 500 
4, 500 under |5, 000 

!5, 000 under $6, 000 
6,000 under S7, 000. 
7,000 under S8, 000 
8, 000 under S9, 000 
9,000 under $10,000 

ilO, 000 under ill, 000 
11, 000 under S12, 000 
12, 000 under S13, 000 
13, 000 under SU, 000 
14, 000 under $15, 000 

il5, 000 under 420,000 
20,000 under S25,000 
25,000 under |50,000 
50, 000 under $100, 000 
100, 000 under $150, 000 

tl50,000 under |200,000 

S200,000 under S500,000 

$500,000 under $1,000,000... 

$1, 000, 000 or more 

Returns under $5, 000 

Returns |5, 000 under $10, 000 
Returns $10, 000 or more 



99,764 
3,437,409 
2, 397, 626 

3, 161, 025 
2,640,969 
2, 698, 394 
2, 796, 227 
2,932,348 
2, 875, 607 
2, 853, 252 
2, 849, 544 

5, 747, 534 
5, 064, 731 

4, 105, 488 
3, 074, 940 
2, 260, 097 
1, 680, 514 
1, 152, 253 

777, 412 
525,737 
380,958 
847, 786 
288, 426 
351, 200 
79, 468 
10, 264 



3, 802, 197 
4, 382, 371 
5,803,736 
7, 311, 053 
9, 140, 197 
10, 30O, 548 
11,657,930 
12,938,644 

30,440,811 
31,685,132 
29,476,591 
24,866,263 
20, 367, 124 

16, 663, 118 

12, 397, 266 

8, 966, 189 

6,448,920 

4,923,453 

12, 155, 155 

4, 882, 682 

7, 659, 084 

2,841,434 

503, 231 

188, 629 

211, 200 

37, 693 

14,164 



^376, 833 
1, 106, 572 
1, 914, 870 
3, 915, 168 

4, 611, 646 
6, 084, 507 
7,689,650 
9, 537, 284 

10,786,922 
12, 124, 698 
13, 533, 101 

31, 588, 156 

32, 838, 237 
30, 685, 082 
26, 074, 313 
21,406,003 
17, 593, 889 
13, 212, 675 

9,689,408 
7, 079, 683 
5, 510, 579 

14,372,437 
6, 398, 834 
11, 642, 321 

5, 229, 556 
1, 224, 812 

556, 225 
923, 635 
361, 658 
435, 787 



8,062 
16, 969 
30,096 
32, 583 
34, 149 

38, 572 
34,435 
32, 663 
25, 566 
25, 193 
42,351 
30,600 
28, 577 
22, 170 
15,173 

15, 249 
12, 427 
11, 546 
9,103 
7,727 
30, 016 

17. 452 

34. 453 
11,006 

2,145 
839 



2,030 
2,926 
3,554 
4,816 
4,650 
5,489 
4,913 
4,911 

9,082 
8,423 
9,756 
7,337 
6,619 
6,162 
5,590 
6,279 
4,968 
4,399 
20, 921 
16, 403 
45, 578 
30, 550 
10, 798 
6,113 
15, 171 
10, 160 
10,115 



7,374 
15, 116 
24,091 
30,106 
26, 279 
24, 534 
23,648 
24, 987 
19, 074 
15, 332 
29, 381 
22, 781 
18, 235 
17, 586 
11, 235 
10,463 
8,324 
5, 870 
5,416 
5,181 
16, 588 
9,360 
20, 297 
6,546 
1,267 
506 



1,855 
4,413 
7,914 
8,631 
9,863 
11, 393 
14,032 
12,210 
10, 431 
24,434 
22, 462 
19, 786 
21, 854 
15,800 

16, 231 
14, 220 
10, 960 
10, 868 
11, 381 
42, 197 
30, 708 
103, 257 
64,993 
22,829 
12, 871 
28, 723 
9,563 
1,911 



18,CC8 
21,710 
25, 331 
23,051 

26, 667 
22, 079 
20,646 
21,6C4 
15, 600 
28, 194 
19, 308 
15,012 
14, 285 
13,091 

9,568 
8,327 
7,047 
4,907 
5,813 
17, 061 
11,081 
17, 517 
5,787 
1,091 
439 



28, 742, 165 
20, 252, 790 
6, 101, 285 



68, 644, 376 
136,835,921 
77, 892, 218 



^70, 927, 585 
142,591,841 
94, 231, 499 



278, 288 
138,871 
153,775 



34, 197 
41,222 
193, 207 



210, 541 
99,21 
90, 615 



and wages (net) 



30 under 40 percent 



Adjusted gross 



Total 

No adjusted gross incane 

Under $600 9,749 

|600 under $1, 000 16, 142 

SI, 000 under 41, 500 21, 398 

SI, 500 under S2, 000 29, 178 

$2, 000 under $2, 500 26, 217 

42, 500 under |3, OOO 21, 361 

$3,000 under $3,500 26,531 

$3,500 under S4,000 29,406 

S4, 000 under S4, 500 17, 566 

$4, 500 under $5, 000 18, 986 

$5, 000 under $6, 000 27, 328 

$6,000 under £7,000 19,722 

$7, 000 under $8, 000 18, 448 

£8, 000 under $9, 000 

$9, 000 under $10, 000 

ilO, 000 under til, 000 10, 039 

11, 000 under $12, 000 9, 365 

12,000 under |13, 000 7,943 

13, COO under $14, 000 6, 860 

14,000 under $15,000... 

il5, OOO under t20, 000 21, 628 

20, 000 under S25, 000 9, 992 

25,000 under S50,000 18,022 

50, 000 under $100, 000 5, 637 

100, 000 under $150, 000 

$150,000 under ^200,000 

$200, OCO under S50C, 000 

S500, 000 under $1, 000, 000 

$1, 000, 000 or more 

Returns under $5, 000 

Returns $5, 000 under $10, OOO 

Returns $10, 000 or more 

I - 

Footnotes at end of table. See text for "Description of the Sample 



1,568 
4,628 
9,552 
17, 826 
20,954 

20, 850 
30,407 
37, 676 
25,791 
31, 283 
53,123 
44,684 



53,098 
37, 162 
37, 702 
34, 994 
32, 628 
34,399 
128, 851 
77, 413 
212, 097 
132, 112 
41,408 

21, 093 
26,441 
3,149 



200, 540 
244,044 
819,449 



under 50 percent 



10,935 

20, 373 
29,863 
21,152 
29,922 
37, 010 
31,330 
20, 473 
17, 566 
19,486 
34,882 
29, 671 
26, 305 
21,098 

21, 106 
14,047 
12,072 
10,098 

8,561 
6,796 
19,8C« 
10,917 
18, 521 
5,913 



238, 110 
133, 062 
108, 132 



1,875 
7,596 
17, 071 
24, 786 
30,641 

45, 531 
31,344 
34,802 
3i, 635 
42, 056 
86, 436 
86, 332 
89, 916 
81, 337 
88,643 
66, 795 
63, 037 
56,963 
51,952 
44,526 
153, 241 
109,889 
285, 049 
177, 609 
50, 218 
20, 888 



269, 337 

432, 714 

1, 102, 129 



14, 093 
23, 520 
30, 937 
37, 510 
37, 523 
27,224 
24,041 
23, 2X 
26, 780 
26, 094 
42, 366 
35, 480 
32,734 
28, 067 
19, 914 
17,600 
14,086 
10, 931 
9,573 
7,359 
23, 575 
13, 180 
21, 655 
5,784 



270,956 
158,561 
124, 822 



Amount 



2,979 
10, 436 
21, 412 
36, 192 
45, 992 

41, 431 

42, 660 
47, 687 
62, 842 
68,264 

123, 434 
126, 478 
134, 779 
132, 516 
104, 190 
101, 343 
89,144 
74,988 
71, 450 
58,704 
223, 055 
159, 784 
402, 923 
212,456 
52, 339 
16, 850 
13,643 
1, 34C 

379, 365 

626, 397 

1,478,696 



60 under 70 percent 



17,436 
20, 041 
23, 369 
42, 025 
36,355 

30, 974 
32,487 
37, 691 
30, 652 
32, 837 
53,504 
46, 807 
44,533 
42, 119 
32, 175 
24, 723 
17,729 
13,982 
11,213 
8,637 

31, 101 
14, 284 
22, 825 
6, 705 



308, 917 
224, 138 
152, 222 



10, 315 
23,421 
48,713 
52,998 
54, 740 
68,990 
91,164 
85,383 
101, 824 

210, 297 
200, 737 
217, 214 
233, 336 
201, 688 
169, 419 
132, 845 
113, 632 
98,348 
81,764 
349, 114 
206,930 



542,401 
1, 063, 272 
2,635,433 



20,793 
23,443 
42,293 
49, 780 
43,432 
43,133 
43, 655 
48,415 
42, 102 
51,336 
84,316 
76,894 
77, 321 
67, 784 
51,609 
37, 753 
26, 032 
20, 515 
16,344 
14, 285 
41, 057 
19, 745 
27, 124 
7,174 



408, 337 
357,924 
210, 975 



the Data" and "Explanation of Classificatii 



64 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Adjusted gross 



85 under 90 per 



95 under 96 per 



Amount 



Amount 



Total 

No adjusted gross income.... 

Under $600 

*600 under $1, 000 

SI, 000 under $1, 5C0 

SI, 500 under 12,000 

$2, 000 under $2, 500 

!2, 500 under |3, 000 
3, 000 under S3, 500 
3, 500 under |4,000 
4, 000 under S4, 500 
4, 500 under $5, 000 

i5,000 under |6,000 
6,000 under S7,000 
7, OOC under S8, 000 
8, 000 under S9, 000 
9, 000 under $10, 000 

ilo, 000 under til, 000 
11,000 under il2,000 
12, 000 under S13, 000 
13, 000 under S14, 000 
K, 000 under |l5, 000 

!15, 000 under *20, 000 
20, 000 under S25, 000 
25,000 under 150,000 
50, 000 under |lOO, 000 
100,000 under $150,000 

$150,000 under $200,000 

S200, 000 under S500, 000 

S500,000 under $1,000,000... 

$1,000,000 or more 

Returns under $5, 000 

Returns $5,000 under $10, UOO 
Returns $10,000 or more 



10, 196 
19, 598 
39,499 
25,424 
29,561 

37,493 
36, 525 
42, 558 
36, 113 
38,314 

76,413 
70,737 
56, 364 
54,450 
35,814 

28, 769 
21,711 
17, 040 
13,281 
10,818 
27,942 
13, 976 
18, 261 
4,205 



3,266 
13, 113 
42,511 
37, 111 
55,721 
84,946 
99, 255 
131,946 
126, 886 
150, 533 
346, 933 
379, 573 
348,975 
382,063 
280,009 

248,684 
205,948 
175,905 
148, 0O7 
129, 798 
395, 337 
257, 825 
500, 809 
224, 296 
27, 320 



14,647 
23,648 
39, 067 
34,924 
37, 352 
51, 612 
50,462 
48,782 
56, 970 
57,439 
128, 391 
109,057 
108,543 
86,404 
53, 169 
46,489 
35,061 
26,704 
21, 273 
17, 687 
44,099 
18,236 
23, 396 
4,708 



4,453 
16,731 
43, 015 
54,109 
74,477 
125,058 
144,036 
159, 747 
213, 039 
238, 277 
620, 221 
620,099 
714,341 
642, 149 
443,424 

426,781 
353,260 
292,051 
251,777 
224,344 

661, 032 
355,065 
690, 806 
264,538 
X, 105 



20,591 
27,713 
62, 338 
49,149 
49, 029 

60,587 
30, 537 
90, 156 
96,878 
110, 702 
241,677 
252,853 
204,078 
159,466 
121,913 
100,095 
76,454 
56, 471 
41, 812 
31,023 
78,918 
27, 208 
31, 415 
5,407 



6,951 
20, 308 
72,865 
80,874 
103,820 
154,823 
243, 316 
313, 131 
391, 664 
488,404 

1, 238, 557 

1, 523, 015 

1,418,789 

1, 255, 596 

1, 071, 653 

974, 957 

815, 188 

654, 794 

523,434 

417, 261 

1, 243, 779 

561, 418 

955,665 

318, 565 

39, 378 

13, 114 
9,439 
2,097 



5,543 
10,977 
14,427 
12,258 
8,939 
17,295 
23, 080 
22, 566 
30, 819 
41, 689 
78,242 
82,978 
69,203 
58,749 
46, 163 
36, 528 
27, 226 
19, 680 
13,156 
9,863 
24,566 
7,362 
7,832 
1,247 



2,232 
8,108 
16,996 
20,474 
19, 203 
45, 077 
71, 674 
81, 132 
125,339 
188, 590 
409, 586 
511, 746 
492,493 
475, 664 
420,526 
366,009 
298, 123 
234,368 
169, 048 
136, 663 
399, 390 
155, 127 
241, 175 
75, 655 
7,644 



9,617 
11, 967 
20, 178 
12,664 
14, 143 
24, 155 
25,752 
31, 697 
29,185 
46, 501 
101, 535 
92, 679 
85,140 
77,957 
58,647 
48,406 
36, 122 
26,097 
18, 282 
14, 506 

30,485 
9,590 
9,334 
1,248 



3,883 
9,654 
24,389 
21,494 
30,890 
04,239 
81,036 
115,801 
119,851 
214,001 

544, 143 
581,130 
617,926 
636,415 
537,708 

489,593 
400, 562 
314,507 
238,016 
202,387 

496,821 
203,641 
296, 8U 
75,450 
9,219 
1,685 
1,921 



315,281 
293, 778 
156,394 



414,903 
435, 664 
238, 101 



1,073,042 
3, 040, 2X 
3, 574, 258 



649,680 
979, 987 
449, 296 



1, 876, 156 
6, 507, 610 
6, 529, 089 



187, 593 
335,335 

147, 542 



578,825 

2,310,017 
2, 086, 124 



225, 859 
415,958 
194, 171 



685,238 
2,917,322 
2, 730, 613 



Adjusted gross 



Total 

No adjusted gross in 

Under $6C0 

$600 under $1,000... 
$1,000 under $1,500. 
$1,500 under $2,000. 
$2, COO under $2,500. 



$3,500 under J 
$4,000 under : 
$4, 500 under $5, 000 

; ;5, OOO under $6, 000 

116,000 under $7,000 

: 17, 000 under $8, 000 

;;8,000 under $9,000 

! 19, 000 under $10, 000 

!10, 000 under $11,000 
11, 000 under $12, 000 
12, 000 under $13, 000 
UyOOO under $14,000 
14,000 under $15,000 

i 15, 000 under $20,000 
20, 000 under S25, 000 
25,000 under $50,000 
50, 000 under $100, OOO. . . . 
100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 

$1, 000, 000 or more 

Returns under $5, COO 

Returns $5,000 under $10,0) 
Returns $10,000 or more... 

See text for "Descriptio: 

^Adjusted gross in 

'Deficit. 

NOTE: Detail may : 



Salaries and wages ( net) 



of adjusted gross 



;e — Continued 



11, 075 
12,669 
17,706 
16,809 
23,433 
30, 101 
41, 269 
35, 150 
50,564 
53,502 
131, 373 
148,192 
136,848 
100,708 
87,517 

66, 289 
49, 371 
38, 590 
26,047 
19,995 
38,945 
12,912 
9,528 
1,302 



292, 278 
604,638 
263, 071 



3,403 
9,967 
21,466 
28, 502 
51,712 
81, 101 
132, 542 
129, 091 
209,402 
247, 821 
706,190 
939, 227 
997, 033 
835,413 
811, 738 
676, 526 
553,025 
469, &4a 
341, 707 
282,091 
644,638 
278, 30O 
297, 803 
80, 032 



915, 007 
4,289,601 
3, 635, 645 



under 99 percent 



21,614 
25,245 
31, 569 
37,480 
47,584 
61,884 
62,546 

79, 769 

209. 568 
214, 573 
196,401 
165,344 

125. 569 
109, 207 

80, 621 
57,008 
41, 165 
29,675 

59,464 
15,663 
12,480 
1,493 



393, 453 
911,455 
406, 876 



Amount 
(ThouaMnd 



3,906 
13,329 
26,351 
42,968 
70,414 

102, 327 

152,768 

229, 180 

262, 197 

374,856 

1, 139, 658 

1, 373, 332 

1,447,509 

1, 383, 863 

1,174,909 

1, 126, 813 
911, 138 
699, 668 
547, 142 
423, 242 
990,011 
339,881 
392,218 
92, 109 
8,261 



1, 278, 296 
6,519,271 
5,535,977 



99 under 100 percent 



Over 100 percent 



Number of 



11, 969 
21,379 
40,995 
37, 555 
57,380 

65,674 
114,824 
102,423 
136, 675 
172,977 
404, 765 
492, 222 
481,948 
400,246 
345,498 
275, 528 
200, 976 
140, 808 
95, 821 
64,517 
138, 361 
30,972 
21, 273 
1,873 



761,851 

2, 124, 679 

970,229 



Amount 
(Thouamnd 



Amount 



35,715,690 154,191,354 



5,046 
17, 323 
50, 942 
66, 173 
128,980 

181,934 

374, 197 

382,320 

580, 204 

821, 225 

2, 221, 693 

3, 190, 655 

3, 592, 454 

3,337,817 

3,256,353 

2, 874, 350 

2, 296, 248 

1, 747, 399 

1, 285, 142 

928,701 

2, 315, 611 

680, 227 

658, 577 

116, 624 

9,244 

3,147 



2,608,344 
15,648,972 
12,915,711 



3, 191, 766 
2, 058, 661 
2,608,460 
2, 075, 095 
2,107,410 
2, 120, 995 

2, 170, 134 
2, 069, 243 
2, 0O4, 221 
1, 903, 505 

3, 713, 499 
3, 039, 056 
2, 259, 006 
1, 558, 540 
1, 056, 876 

708, 142 
430,422 
247, 930 
139,299 
38, 361 
130, 659 
21, 813 
12, 187 



22, 309, 490 
11, 626, 977 
1, 779, 223 



1, 014, 519 
1,641,018 
3,219,179 
3,618,652 

4, 748, 624 

5, 827, 6 
7, 051, 292 
7,762,464 
8,510,414 
9, 035, 983 

20, 383, 327 
19, 687, 508 
16, 869, 580 
13,199,419 
9,997,939 

7,408,652 

4,930,161 

3, 086, 753 

1,872,492 

1, 276, 759 

2,174,433 

477,937 

370, 171 

24, 032 

2,020 

338 



52, 429, 833 
80, 137, 773 
21, 623, 748 



99, 764 
53, 866 
41, 563 
67,934 
74, 003 
82, 650 
101, 360 
114, 153 
133, 633 
146, 371 
140, 282 

314, 749 
281, 121 
246, 692 
185, 101 
148, 768 
121,614 
85,927 
59,152 
43, 624 
31,962 
73, 510 
24, 683 
25,030 
3,043 



1,055,629 

1,176,431 

468,881 



229, 642 

78,961 

79,891 

159,639 

193, 329 

270, 311 

359,428 

474,327 

608,369 

736,529 

768, 335 

1,930,224 

1,981,962 

1,992,528 

1,682,315 

1, 501, 313 

1,350,099 

1,041,945 

778,452 

618,513 

489,908 

1,311,267 
530,460 
377, 536 
215, 536 
27,221 

10,164 
10,764 
2,252 



3,964,261 
9, 088, 342 
7, 314, 117 



of Classifications and Terms." 



, add to total because of rounding. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



65 






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>ttOiri ^r-ir-miH HCMtntO-.} vOOOC-O^ 



3S£5i;' 



!§§§ i§§§§ §§§§§ !!!=! !!!!s s«s8 i. 



asaaa assss as 



;|lll mils 11;^ 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



67 



I 
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O >n CM O 6 rH m r-i t^ (^ ^I m O rH {> O^ CO rH -5 03 r-J ^O O- vO nF iD m M 






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I e- 



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S(^ \5Wu^OSrH i-iNrtntOO CVi-l>t 



11^ 



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iP 















!§§§ §§§§§ §§§§! 
'888 88888 8883^ 



§§§§§ §§§§: 






68 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 









:$53SS a?S:JS^ 



§ : 












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^ oT ^TvOaTo^r^ •^f^TO'S^ NT '^(^^<^^r^^ 


ITV f^ >A rH 


c\jin ntngvc-a- o-hooo -ija.oo'rH 


sSsis 


<M«AsO mCMt^CMxO [^0(^0^0 O'On*^'^ 


SSR"^^- 



\D O -* OntOf^^ O CO O* Nf Q 0*a)C^W(M «0 \D (^ C 

c^t-\o in.o^j'^u^ r-tnrH\oo >fmtO<noj a3^«)u 


















t-- ■^tni^.ot^ o^w]*^^^'^ 



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§§§§§ §§§§ 



§ §§§o S ^ 



;|§§§ §§i§§s 



j3^ jQOinoo jQOO^ g 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






I a: 



I |: 






5^ S^ 









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ass"? 



Is, sSSSS 






^a sh; 






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t; !§§§ §§§§§ §§§§§ 



§§§§§ §§§§3 3338 



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69 



70 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



I Ji 



c- iTif^vofnn t^^csj-j-o Or-to^ojin ^ovoo^ 



4 i?i 



^^o**■^^ int^rH^eo a«to-4w-«j r->Acr<t^'H t^^D'' 
r<^^*o- nc^cPO\D oi>i-rJoco w-»o*t^t^a' o^O-t 






?»^S cl^3?^3" 






ro* vOf^-^Cf^ S-'ivOTOy; obu 



>I ^f\D^£l'0^- u-sir\;«Jf-(S fliO'^'-IM 

n <*l'Aa)^0'-^ t^corn<MO» H■^^o■^f^D 



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a- - 



•v«J-<«--*9- -**■«■ *9--W-<'5- OJ >'^ 3 _ 



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i ^ §aaa saaaa aaaaa SaaaS aaaa^ 



1°.°8 ? 5- >.^888 888888 » „* 

^ oj u^ ,-? " o ri'O'-i'-^c^ oT (^ f^ -j" -Np "X" 9 9; 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



'q^3g Sgas 



I e; 












I -ssss §§§§§ §§§§§ 



SS3SS SSS=^§ §§§o f- Q> OfH-a-aT) •o-a-D-a'D luo-. 

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„„„^„ „^„„S oooo oj M vo-o3d3 33333o c^^-h 






71 



72 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






I Jl 



5 6 .3 .5 8 ; 



I 1; 



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§ S 






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Ill 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 









SsSfiS ss'^ 



tg^SS In 3 oi P ° en 






III 



3f\JtO-s* O^CT'Or-t'A OJr-l-J-Q'O >r.a-CT'\OOi >t« 

■jOOO' in-^t^o-j- ojoJtAOiA rM(niO<nto «oc 



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iS gss(s?; ss 









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|888 8|8§8 |§|§§ 



§§§§§ §§§§• 



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74 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 

•^ (^-^ t'^^'^Qic ^<^2;Ss ^SSSilS^jn «:?i*^S\'J; rimPu 



' -J -^ sr n -< to ^ 'J3 O t^ 5 S S ^ w (^ En S P! S 5c 



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^P■^■c^ ^or^vDo^«^ so^tOiHto c^tJ'iOrH vom'Or 
^e5cv?5 InSJo?^' lrJ!5!5(nS '^^s!'^'^ '^'~' 






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oKtn (*^ lAO'CiriO r^.TO to to ^ <h m oj 












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OJOJ -^--JC^ijSin -.rni-iriri iHOO^tOto rHiHn^O-O OJ^r 



SWCOOiH moJD-d^ (^t--J-0^tO -sj-f 

oc-mo in>riv£ifno to(N^^t^ f-i - 



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1 ? «§§§ §§§§§ §§§§§ „„„„„ TSSSI, 

Co.n-o8 S88H a 



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^111 lll§ls |. 
^§8§ 8§8§8§ „* 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



75 






O-^OO >l<Mf-i3vO rH'0->tiA>ri oiA-jiAin rv^Ooac-O 

^vOt^rH ^0(^^^C^tm -Ji-l'JcntO CMOOOOJ tOyDC^OvD 



n I; 



s ^53^ ^ p^' 



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II: 



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o 0000 o M lo-asaa 393330 q<r\r-> 



762-244 0-65-6 



76 



I is 



Ml: 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



«§™. 36§SS S^iJsS SB"-^ 









^Sgf 












1 



3 O O (N -JD C- iH 


C^ C^ c! <-i O 


C^rHtO<OC^ vo >n t^ vo n 


<-* r-1 cn (n cn 


•D tf^n OJ C^ 


*^*^'^'^'^ 


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096 
,330 
,234 
,Cf73 
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,769 
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,448 
,392 
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-a g5;sa;js 



§ £ 



§ 3. 






3^^S 5^f 3£ ^i 



lA oSirir-it^a- cOTOO^if^tn «f>^C:OC-- i-JinO'-J-C: OiaQ'-J 
«o OojP^^ \0Oi>'A(^ mfviOenoN co>r\c-iAto o-c--<Miri 









"S"^^ ^SSJ5& ^ S ^ S\ 



3(-t tOrHlACMH tDC^O^(n■^^ cr\OOJ^H o>oa)t- 
CO i-IO*r-l*r>tO OO^O^CJO '^^*^^S f^Hc^rH 



J-j- (^f-it^tor- C;-^*o>^ ma-CT-vOeo ^c-u^r-i 
ii2) o^<T''At- tn^v^cM r->Dinr^o ^a->tto 






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s§§§ §§§§§ §§§§§ 

Sssa saaaa assas 



»<*<**S** <fr«» W (Q «^ 



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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



77 






'§ 






1 ti^ 



3II3 



3SSf 



I Is 



rS5i^ffl TO>(ngvi 









i;^S 






SSs^SS 51 S^^ 






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iS!§j5 S53Sf 









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fi sesQS SBS2S ees_- rt .a ■» g 3-«-» 



I I .! 

I i I 



78 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 12.— FORM 1040A RETURNS— INCOME, EXEMPTIONS, TAXABLE INCOME, AND TAX ITEMS, BY ADJUSTED GROSS INCOME CLASSES 



and wages 



Amount 



Income tax 
rnxwamd 



Grand total. 






$600 under $1,000... 
$1,000 under $1,500. 
$1,500 under $2,000. 
$2,000 under $2,500. 
$2,500 under $3,000. 



000 under $3,500.. 

500 under $4,000.. 

000 under $4,500.. 

500 under $5,000.. 

000 under $6,000. . 
.,000 under $7,000.. 
■,000 under $8,000.. 
i,000 under $9,000. . 
',000 under $10,000. 



etums, total. 



Under $600 

$600 under $1,000. 
$1,000 under $1,501 
$1,500 under .$2,001 
$2,000 under $2,50( 



500 under $3 
000 under $3 
500 under $4' 
000 under $4 
500 under $5 



OOO under $6,000. . 
000 under $7,000. . 
000 under $3,000.. 
000 under .$9,000. . 
000 under $10,000. 
$10,000 or more 



$7 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



1,514,176 



12,912, 



46,942,353 



46,8 



,517 



82,333 



16,215,374 



12,912,308 



26,048,635 



977,110 

1,460,715 

1,082,048 

1,139,962 

1,116,697 

1,135,012 

1,021,164 

952,856 

875,142 

1,194,906 

842,968 

547,459 

345,503 

216,806 



('i 



815,392 
1,811,773 
1,878,247 
2,563,554 
3,075,146 
3,690,521 
3,824,495 
4,038,382 
4,155,833 
6,533,610 
5,4.46,238 
4,091,386 
2,928,048 
2,049,581 
(M 



812,759 
1,807,363 
1,875,557 
2,560,459 
3,070,675 
3,634,966 
3,817,715 
4,032,290 
4,148,783 
6,521,314 
5,436,572 
4,083,239 
2,922,739 
2,045,641 



62,369 
73,703 
58,904 
66,329 
76,228 
99, 988 
94,543 
98,993 
109,338 
170,277 
147,507 
111,373 
71,279 
55,439 



2,633 
4,410 
2,689 
3,095 
4,471 
5,557 
6,780 
6,092 
7,049 

12,294 
9,667 
8,147 
5,309 
3,940 

(M 



586,266 

930,779 

775,451 

1,048,686 

1,167,484 

1,344,789 

1,348,056 

1,403,891 

1,426,462 

2,133,011 

1,748,404 

1,104,224 

744,861 

445,783 



977,110 
1,460,715 
1,082,048 
1,139,962 
1,116,697 

1,135,012 
1,021,164 
952,856 
875,142 
1,194,906 
842,968 
547,459 
345,503 
216,806 



148,237 
700,269 
915,579 
1,258,982 
1,600,692 
1,977,371 
2,095,175 
2,231,403 
2,314,206 
3,750,677 
3,157,352 
2,579,483 
1,891,265 
1,398,931 



29,669 
140,122 
133,290 
252,247 
320,445 
399,322 
426,709 
457,584 
475,372 
771,328 
650,868 
537,241 
394,233 
293,962 



5,287,979 



,026,866 



17,297 



8,381,764 



5,287,979 



2,665,026 
639,527 
553,399 
330,152 
269,275 

248,485 
216,806 
136,122 
72,269 
47,024 

48,509 

7,920 



852,186 
470,862 
670,734 
670,131 
610,562 

675,249 
698,932 
509,852 
308,861 
221,004 



845,556 
468,736 
667,276 
668,562 
609,369 

674,238 
698,443 
509,611 
308,648 
220,905 



29,204 
27,224 
11,385 
9,405 



6,630 
2,075 
3,453 
1,619 
1,193 

1,011 



1,391,352 
773,669 

1,018,393 
883,557 
772,773 

796,835 
733,173 
555,379 
329,663 
227, 794 



2,665,026 
639,527 
553,399 
380,152 
269,275 

243.485 
216,806 
136,122 
72,269 
47,024 



14,983,791 
3,207,536 



31,541,768 
21,387,306 



31,481,961 
21,347,679 



953,846 
558,845 



59,804 
39,626 



18,064,957 
6,524,959 

CM 



9,760,706 13,241,964 2,684,760 

3,147,642 12.777,708 2,647,682 

(M (M (M 



Adjusted gross 



Tax withheld 



Overpayment refund 



Returns with • 



Ajnount 
(Thouaand 



Grand total. 



$4 



500 under .^2,000. . 
,000 under $2,500.. 
500 under $3,000.. 

,000 under $3,500.. 
500 under $4,000.. 

,000 under $4,500.. 
500 under $5,000. . 

,000 under $6,000.. 
$6,000 under $7,000.. 
$7,000 under $8,000.. 
$3,000 under $9,000.. 
$»;000 under $10,000. 
$10,000 or more 



ontaxable returns, total. 

Under *600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 



$4 



500 under $3, 
000 under $3, 
500 under $4, 
000 under $4, 
500 under $5, 



000. 



$5,000 under $6,1 
$6,000 under $7,1 
$7,000 under : 
$8,000 under $9,) 

$9,000 under $10,000 

$10,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



4,003,972 



8,762,809 



732,261 



943,946 
,422,601 
,057,794 
,123,627 



,122,142 
,013,245 
948,401 
872,172 
,189,461 

842,473 
X7,459 
345,503 
216,806 
(M 

,736,560 

,572,958 
556,864 
438,561 
313,329 
208,836 
196,511 
178,691 
115,823 
59,399 
42,074 



14,283,927 

3,195.161 

CM 



93,712 
201,002 
227,242 
300,132 
360, 590 

446,433 
466,846 
497,370 
513,271 
827,073 
696,528 
559,455 
411,130 
298,735 
CM 

285,033 
90,445 
35,025 
32,981 
31,456 
20,573 

20,306 
19,714 
12,216 
7,341 
5,737 
6,234 



3,332,942 

2,801.615 

(M 



77,213 
72,269 
37,619 
28,214 
16, 335 
CM 

1m 



2,034 
1,253 
1,313 



56,429 
286,104 
194,531 
225,220 
289,074 
430.641 
438,066 
428,661 
381,637 
451,431 
324,218 
247,495 
148,992 

99, 938 

CM 



6,930 
5,445 



11,3a 
13,105 
14,964 
14,177 
24,524 
18,603 
17,307 
11,128 
8,814 

CM 



} 



915,237 

, 1,146,892 

871,182 

894,447 

. 310,794 

691.006 
572,703 
515.285 
. 483,555 
737,040 
512,315 
296,499 
192,551 
115,823 
CM 

4,725.175 

2.567,513 

■ 555,379 

437,076 

312,339 

208,391 

196,511 

178,196 

. 114,8 

59.399 

42,074 

43,064 

',425 



2,730,363 
1,272,124 

CM 



11,577,817 

1,907,692 

CM 



65,010 
66,851 
50,336 
56,311 
51,308 

58,166 
53,223 
54,325 
51,911 
79,793 

63, 533 
39,271 
27,738 
13,553 
CM 

284,240 
90,197 
34,958 
32,813 
31,372 
20,518 

20,806 
19,704 
12,055 
7,341 
5,787 
6,284 
1,516 

CM 



783,492 
232,632 

(M 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifi< 
^Estimate is not shown separately because of high sampling variability. However, the data are in 
NOTE: Detail may not add to total because of rounding. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



79 





1 
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after 
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to \0 u-v oj rS 


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sgsssg 


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^gSH 


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11 


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>A vO OJ 
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-^ OS IQ >D m 

^ 2 ^ ^ S r\ 








in 


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vD n tn ov . 


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rH fsj (M u-i rH 


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8 & g g ■§ 
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: i ; ; : : :§ i 

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88g888 gtt 


i 

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mil 




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S-&&S.& 





S3 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






II 



^*2^ 2e§B^ 5s§^9 ^ 



Snoj>ji-l f-iri«Cf\Joj eorHr\j>fc 



35PSS 55!nc 



axoc^o -^ ~i Ti o O' (n(ntoQiCT> \0 to ^ ^ to t--r«jtpirtfw t^to-jr 
0*<r\(T> md'Of-'f- -^ooo^f* ^OiTNOf^^ QC^-Jini-H ryp-po 



«tf>f\JrH i-HOfHOJIA r-lOOCytMi-l >fr-lincOt> O^f-'OQ-^ H>JC 

O^JOvtN vOo^i^r-JiA ot'icNjr-'^ r-l>t<Avorv og(Mojy5-J tD-}u 









j3w oSSSS S ? 2 (^ o 



?sa:g 



1-^rH OO-HOOjW Of^JC^-HtO -^eplAQQ mOtf>r-'H lAOJr-tC 

jmrH E^'^qSh OJvOeOrHr^ C^Vt^fMr-l tf^fvrt 



2^2^^ i§»®S 



i 33^1^ Sis 



o So^ 5 ^ 






^to (-1 oi m c^ o r 






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5§ If 



i-S £ 



° i 

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rONvf 0^00*0^ TOtOinOO (»^<nH\0 « 



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3r-i -^ c- o »f\ Q c~ oc^^lAO ONCviocnrH o^fMcn^tc-- <n(^o 
Ort >l-tOO^O^ ^OiOOOrH OCfMC^iA \D'OtOvOO vOf^C 

r^cMvD rivo«Sc^.H rtto^l■P^(^ movc^uin cMc»f^>fco in-.f-. 



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5^<Vt]]^ JAOu^OQ JQC 



I 11 ill 11111s 1^;; 

-o t^8§8 888888 mu1 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 



81 





i 


Income 
tax after 
credits 


H 


^. 


S 


s;rps 


Sass^ 


SsH 


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C^ 'l C^ C>J ^J 


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ssi 






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■"sasi 


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saa^^2 


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vO u-i ^TO ^ 


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ggSgg; 


ss;f?sss 


ga-" 






1 

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s s s ' 






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c^ c2co !a f^ 


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1 1? 

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< 
























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1 


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i 
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1 




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S-SSAS 


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£ 



82 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 






<gSS 3g533 



mt^tMO) ^^Or^r^H rvjraini-Hvo o^'Omrioj r~^> 



S^m'S^" ^^^^ 









if?^ ncSo^fvi SJ3c 



^ g M jA 9 S Q J 






3 o J5 S S S 5 ? 
SSS35 8S? 



° fS 1 

lei 8 



•S) c-rA ^^^knm t^r'ia 






S?S oj^-iTivOH ojt^r-'-t 3^ 



lY 












4i i I s 
II 1 1 









"S5SS ■^'r 



•\ c\i C-t--u-^Q>I (N^a\a^o> cjvryf^nvo (HO?nC 
-P- m'^torioj iHC--\rt^'A (^JO^^J■^^■»0 tOrHC-- 

3'S" S'SSS"?" g-RSSPi" "'"■■•^■''^"-'- "-" 



I |iii mil mil 



§§§§§ §§§§^ 



»<e-*S-«l--«- O irT § 



!§§§ §§§§§S 






3S " 



3 



«£5 5 : 



mi: 



l-s li 



in } 

is J; 



?fc.s e-8 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

^Q.'T ^'^S'lOQ '^'^QjryuA Sywosogv -^^^Eygjc; ci;oofn-< '^S'^ 


















3 ^ i^ g^^ c 



3PSi^ 



"Ijfrg HCMt-0(^ '^ri^iit'"' ■'JOC-C-TO vjDP-r 

m intncotom oiMC^iAcn (^Ht^c^vo OQ*^ 



■^toC- C^c^QOJtn (noryi^O^ ry-^0(nc^ «)c 
u-io tTv/S®^\D ioo^(^a\r- ^\ooicj-in oo 



0*0 f^t^-^oO' rHcomnt^ cont^rS-st QnT 



ri cont^rS-st QNfry-J-r-f i-h^^-j- 









S5 gSgS 



HOOrH mSajor\j c-rgr-r-fn -^lAtMoS iAnj-.jr-l 
joSmm sFtooo^c^ u-,no«oc- (n-^fosiAC^ (n\DOJ(n 









wS SoHnS 



>jiAiAOj lAiAi-icMC^ ttj'oc^'^'-* mc\j>j-com ^otot^> 

tooju-1'D r-jc^ojo\C^ 'j-'-i>nC--to -sftnrtSiH inrHC^vOC 

-J-\OC^Ti r-Q'X)nCT\ t^fMOrH* iAtO->fCOC- f^C~-StO(" 

(AfMQO CT-^"^^*"" -^vOTi-j-S oot^;l^^- c-rHvOC-r 



SaDtoTi c^3[>rHnj -4--j-vDrH^ r^^Ott)"^ ^£l^^>i■g^a 
OjryiA CvJ-^-t^rytO O-Jo-HtXJ CMn-vTaatO iA0OtoF--v 



33g^ gSS§ S 









!_PSS^3_ §1^,° 



»-«»*5-*S"W- (U irT 3 



III IIIII mil §|§11 §§§§^ ^^^8 ^ §1111 mils |S;S 



83 



84 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






l-U: 



S » B S 



f I 



Illi 



3g V 

11 J: 



s » § s 

d P 8 |: 



fHtn>r\ TOOf^f^iO o^JirjONC^ ir\>fc^nM nof 






■^ -JMrHSin vOC^OjCMin aji-li-lf\JrH cQr-liHTOCM \0(^r 






^rvr^OJCT- C^QQnJO QfMC-(nr 

J H CM C^ ^ O tSS 2 [^ "^ f=^ rvj r^ H r 



^r-lco tor-irS'^cn e-cMpv O' ^or^^■c^ r-lo 
























3 § 2. B «? ^ ^ i 






^§333 






Irt5 C^OQifNS 









§§|S3 Sg2^ 



sag 












'3 hTJ-o-D -o'D-a-a-o 'D'S'a'a'S cc'S'S'c cccci §§3c 

I t ■§§§§ §§5g§ §§§§§ §§§§§ ^^^^O QQO 
5 ^ S^„„ „„„^„ ^„„„„ OOQQQ QQOOS OQS, 



2 d i^ 2 ;:! J^Sft^S 2^ 



iiii mils |g| 



! B 

& I 

^ I 

I I i 






INDIVIDUAL INCOME TAX RETURNS FOR 1962 



85 









3sf^o^.ro ffiOO-^CT- rHoju-voic ^tor\(^^o ojfnfo 
-r-ojOu^ 0(n\o>DiH cor^->fry>f c^too--ic^ \oinOi- 



jf^ ^or-)-)tn5 onol 



tnvD onoJTio> ■vfro>fC 



§ li 












Sjtou-icMt>- il?f^Nt:C;<r> i^o^vD<n(T> m-si-tno 

HrHOtf^n OCMpIOCO C^lr»^n(M tO-Jo^v 









~N\Dr^ ^■:£-:£Or^ ■4<St>^'^ Orn'oTr-rO f^ t^" 

iH\oco loooino oa*iot>o^ rHovoffl-n 



3f^5^S S^SJ^r 



§ s 

i 8: 






1 o o; O ^ c 






-%DO\vf-4- COC-0^;^\D 'Jtomtn^ CM^CM^-J D-iN'-i-i 






?SS?! 32it=8S 



O -OOQ QQQOO OOOOO 

■»^ -OOO SOQOO QQQOO 

a - •■««-«>■«■ ■tf»-'i»^4e--<d- e O W W «0 W 

5 1 |lll {III! Hill 

a » ^§88 8§8§8 §§§§§ 



So; 5 



"■cj--te--«- «■ -ft** <$-■«©■ oJ in § 



mil ||||i ii 



iiiii iiiii 






ll 11 



11 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



o«ojn"3 "^"^Olllllj ^ ^ 












^(^J ^O00C^C^O^ OjiAtntnO upp-rHO^iA S^TJS^ 



jH TO (M O [> O •f\;J>OV~t> I> ^ z; ^ 



-TOirtr^ «fl^-'^'^^ f^'^Q^Q r>jg;<H3o "riM 

JOMOOO (^00>t>vD CMtf^OOO ■-I0'00\->r 'H'- 



"idc-^ t^dOiOp- CTsc^rHOO a»t^o>>Ad 



^^•^ SS5 



jggi ^fcS§;3i 






II ll 






I II 






sass 3SSS 



i3fis§ Hs? 



'aS§3 '5'3?ls 






*«» **<»*»«*-«■ -«*«»^v 



I I |lll Hill Hill pp^ !!!!l m 

£ ^ 3aas saaas ssaaa SSS§§ 



o aooi t Sllll llllls 1^-2 

O SSSq O . 3QOQ QQOQOQ 






-tO-O^-V^I^ C S «»"«9- '«»'(» <*■«■ 49- *&■*■■»>■ ** ■• 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



87 



I J|- 



^tSE; C)|-i2J%pr- C:-o«oann p\r-(>j-^<M -4-t^>tto 
jS^ f^SSSoj PffiKS'^ CO --t c^ rH o ^ tn -a OJ 



31^ 



§ M^ 



5iQR3^ o Q r- ^ m 5 > ^ I' 
(T' o\ o\ too fnig^o>t\J otoP-y 






1 ir 

1 1|- 






i?}En ^E^55R {n° 



I ii 






Has 3s§j 









^ S S ^ E^ ^ R r 



f-j;\Or-i>if '^^Qtt^£l ^i^-4■•^tc^ra \D ^ a i^ 

-^OrHCO (Nr^-StOCO maiOOf--.f C^OtO<n 



? ^§§§ §§§§§ §§§§§ 



mil iiii§ ,§|j| ^ s'liii iiiiil 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 

J C^ to O Nf >0 03 QQsD>-tt> ^ ^ rf 2; ^ t SJ "^ S^ Jn ™ S I 



§ is 






§ i 






8 8: 






^ S t5 ^ S TO St C^ > C^ f^ 









i I- 












DtHvDQ-J r-CvJrHOO' dc 






ss^ 












<^^^^ 



S 5 S g: :} 



I |: 



". _88s 88888 88S 



:ttt? «=c 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



89 



i; 



-J<or-<r\ t^Q^OriCT» [^nj»Oi-im krtco^jcoc- '^r-->Jpc 
rttngo g»f'Sif\t--^ -4->o>r\>fS OOru.HS l>rH«oe-f 



|s i; 



m 



jriSt^inin O^CP-wS u^-J-^^fn^ u-i^^njt^ ^'' 



I? 









Ill 






:!&§£ 






« g«§§§ §! 



90 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



^ 1 1 



SJnSK ?^;^?3S3 ^s 



3-^tt) OTlf-OiO lACVJrHO^S tonr-l\DCVJ TOu 



o)3S?I8 S?^C 



MOW e-^wr-C-S Nrmno^r'i 






^s°3S 



§ I 















fSKP wE^^?^ 



sse 



1 Ji 






I 1: 



E^oKoS 5f?\op 






3^ 2«5Sro?^ 



^ !§§§ §§§§§ §§§§§ ^^^ ===^ 

41 poo OQOQO QQQQO OOOOO 

X ■»■««-»>■**■ -ti^-«»'«»'-«Q'-«e- -eft-«--«<*-«»--«s- -te-te-o^v^-o^ 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



91 






■§ s 












I J 












I |: 






ts s 



■C5 g 8 



:°A E E e 



762-244 0-65-7 



92 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED CROSS INCOME CLASSES 

PART I.— TOTAL DEDUCTIOMS 
[Taxable and nontaxable returns J 



Itemized deduct 



Amount 
(Thouaand 
dollarm) 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

♦2,000 under $2,500 

4;2, 500 under $3, 000 

$3,000 under $3,500 

♦3, 500 under $i,000 

$<i,000 under $4,500 

$4,500 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 ♦11,000 

$11,000 under $12,000 

$12, 000 under $13, 000 

$13,000 under $14,000 

♦ 14, 000 under $15, 000 

$15,000 under $20,000 

♦20,000 under ♦25,000 

$25,000 under $50,000 

$50, OOO under $100, 000 

♦ 100,000 under $150,000 

$150,000 under $200, 000 

♦200,000 under $500,000 

$500,000 under $1,000,000 

♦1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or norc 



36,045 

205,994 

453,757 

671,504 

829, 529 

971,193 

.,097,699 

.,244,175 

.,336,774 

.,416,651 

1,260,359 

1,166,411 

1,732,314 

!, 068, 651 

,561,779 

,221,812 

884,077 

629,873 

453,785 

344,901 

861,833 
354,815 
497,235 
118,098 
15, 549 

4,994 



27,472 

91,882 

230,979 

417,895 

596,268 

759,616 

950,207 

1,163,524 

1,354,461 

1,543,892 

3,844,742 
4,187,808 
4,073,540 
3,384,163 
2,793,650 
2,371,358 
1,807,611 
1,373,175 
1,045,651 
857,184 

2,456,909 
1,264,819 
2,577,092 
1,267,907 
354,099 

183,613 
348,361 

128,548 



2,981 
23,943 
12, 652 

2,035 



3,049 
35,412 
30,629 

7,690 

3,505 
5,891 
2,909 
13,713 



8,044 
11,634 
7,512 
8,505 
8,137 
17,790 
15,396 
11,078 
10,821 
4,721 
15,545 
32,220 
42,725 
39,821 
39,715 

143,401 
86,882 
143, 032 



1,647 
3,351 
2,347 



3,236 

8,585 

7,242 

7,903 

4,019 

15, 587 

35,033 

48,907 

48,270 

50,329 

206,754 

153,220 

370,437 

152,880 

27,750 

10,630 
14,-356 
',36i 



4,053 
3,967 
10,792 
18,717 
18,483 
27,861 
26, 517 
38,294 
85,469 
92,635 
68,960 
67,266 
53,362 
51,091 
47, 873 
38,666 
29,607 
22,360. 
57,118 
25,256 
33,181 
5,922 



2,554 

5,445 
6,434 
11,019 
11,963 
19,221 
49,924 
63,652 
54,720 
60,322 
53,354 
56, 570 
57,839 
50,716 
41,994 
33,942 

102,329 
59, 176 
115,257 
40,689 
7,350 
2,595 
4,156 



4,420 
12,351 
15,251 
20,158 
34,847 
39,306 
46, 059 
49,354 

146,041 
159,830 
129, 517 
99,454 
87,115 
72,109 
62,312 
43, 196 
33,875 
23,902 

58,523 
23,745 
23,519 
5,828 



6,313 
12,990 
17,043 
22,488 
27,248 

92,362 
119,809 
111,803 
97,251 
95,272 
87,134 
82,453 
62,044 
52, 570 
39,795 
114,634 
60,669 
109,497 
43,161 
8,188 
2,734 



7,272 
16,296 
20,003 
29,688 
38,713 
61,271 
55,050 
72,639 

188,079 
180,352 
172,253 
141,980 
109,528 
91,326 
69,697 
48,246 
35,369 
27, 328 

61,656 
22,601 
28,090 
5,436 



1,210 
3,672 
5,710 
10,294 
15,839 
28,814 
29,176 
43,232 

130,300 
146,375 
161,998 
150,878 
129,994 
119,789 
100,123 
75,269 
59,463 
49,427 
131,242 
62,654 
114,754 
43,739 
8,812 

3,070 



222, .66 

621,957 
352,895 



138,107 

719,545 
775,711 



Adjusted gross 



Amount 

fTTwuHn 



Amount 

(Thoummnd 
dollmrm) 



Total 

Under $600 

$600 under $1,000 

$1,000 under ^1,500 

$1,500 under $2,000 

$2, 000 under $2, 500 

♦2,500 under $3,000 

$3,000 under $3,500 

$3, 500 under $4, 000 

$4,000 under $4,500 

$4, 500 under ^5,000 

$5,000 under ^6,000 

$6,000 under $7,000 

$7,000 under ^8,000 

♦8,000 under $9,000 

$9,000 under $10,000 

*ie,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

♦20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500, 000 under $1, 000, 000 

$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



7,881 
12,342 
17,523 
27,502 
34,747 
43,749 

138,486 
168,292 
179,176 
178,638 
152,376 
140,070 
119,002 
83,806 
65,460 
49,698 
144,306 
68,926 
120,975 
46,260 
3,755 



9,499 
15,897 
23,221 

35,501 
42,033 
60,535 
30,513 
81,043 
210,299 
202,415 
192,031 
159,332 
125,985 

102,918 
71,727 
51,064 
33,731 
25,121 
55,690 
21,269 
24,395 



1,821 
4,014 
7,649 

14, 131 
19,318 
33,087 
49,747 
55,851 
163, 163 
190,848 
208,333 
196,944 
173,024 

156,486 

119,297 

92, 361 

66,013 

52,616 

137,275 

68,565 

117,297 

47,023 

9,151 

4,290 

5,152 

1,765 

1,478 



4,446 
12,311 
20,432 
27, 133 
37,853 
43,112 
67,632 
68,925 
34, 588 

195,090 
209,019 
190,843 
152,875 
140, 541 
104,322 
72,171 
48,438 
36,746 
23,466 

56, 177 
18,851 
22,759 



2,509 
5,585 
9,581 
16,411 
24,228 
39,294 
45,533 
62,236 
167,594 
210,206 
220,733 
200,637 
206,332 

169,307 
128,239 
93, 557 
76,723 
52,613 

146,546 
64,545 
115, 395 
41,268 
8,659 
4,059 
4,544 
!,216 



4,153 
10,938 
16,051 
24,330 

42, 592 
50,876 
56,003 
65,367 
84,314 

185,125 
201,034 
201,201 
146,517 
123,725 
94,449 
64, 187 
45,234 
31,526 
22,555 

47,255 
13,113 
13,993 
3,773. 



2,380 
4,674 
8,976 

19,477 
27,346 
34,657 
46,410 
66,221 

168,263 
215,435 
248,041 
204, 398 
193,440 

163, 188 
121,631 
93,077 
70,031 
53,359 

131,415 
66,237 
103,307 
40,822 
8,365 
3,649 
4,392 
1,554 



6,719 
12,105 
17,963 
35, 520 
46,00/ 
54,017 
60,341 
67,872 
72,492 

196,356 
203,950 
173,710 
140, 523 
107,462 
33,814 
56,911 
39,632 
26,4C» 
19,312 

46,089 
13,852 
16,707 
3,233 



2,770 
5,513 
14,073 



39,436 
50,311 
60, 180 
189,348 
238,421 
233,294 
208,821 
177,333 
153,639 
114,253 
36,432 
62,150 
48,373 

136,517 
53,553 
96, 110 
37,343 
10,097 



4,346 
13,937 
16,990 
25,589 

34,419 
49,516 
55, 130 
66,881 
^J,552 

181,335 
187,382 
177,364 
126,383 
100,308 
78,453 
52,747 
34,841 
24,325 
15,870 

40,027 
13,492 
14,746 
3,022 



145,332 
816,963 
859,404 



351,501 
390, 562 
391,811 



186,493 
937,312 
878,759 



206,003 

1,005,507 

907,220 



355,124 
357,552 
346,760 



210,725 
,030,132 
862,771 



373,236 
832,001 
306,719 



226,64? 
,047,217 
809,631 



330,353 
772,772 
278,152 



(1) 
661 
3,404 
5,644 
10,728 
17,652 
29,640 
38,210 
52,537 
55,949 

184,599 
225,0X 
245,828 
197,813 
175,814 

151,863 

111,691 

80,254 

50,489 

42,497 

124,702 

55,189 

89,992 

37,105 

8,498 

3,849 

5,460 

993 

332 



214,467 

1,029,089 

772,914 



Footnote at end of table. See text for "Description of the Sample and Limi 



of the Data" and "Explanation of Classifications and Terras. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



93 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 



PART I.— TOTAL DEDUCTIONS- Continued 
[Taxable and nontaxable 



Adjusted gross 



Total 

Under :t600 

$600 under $1,000 

$1,000 under $1,500 

$1, 500 under $2, 000 

$2,000 under $2, 500 

$2,500 under $3,000 

$3,000 under ;p3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $6,000 

$3,000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25',0OO under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 
Returns $10,000 or more 



50,811 
52,356 
59,102 
69,146 
80,41fi 
181,439 
190, 190 
151,819 
126,344 
90,319 

66,518 
44,243 
29,663 

19,044 
16,632 
32,613 
10,318 
12,664 
2,814 
352 
109 



382, 126 
740,111 
235,071 



1,020 

2,549 

7,057 

14,474 

27,396 

33,379 

43,323 

57, 550 

74,538 

194,494 

240,442 

221,562 

209,492 

165,730 

135,535 

98,711 

72,306 

49,993 

46,833 



80,333 
36, 199 
8,183 



Itemized deductions 



,840,741 



(') 

24, 156 
66,394 
90,225 
137,916 
178,047 
199,259 
238,223 
260,798 
292, 820 
672,950 
658,705 
590,542 
422,720 
279,637 
204,685 
136,659 
89,477 
60,300 
44,605 
102, 327 
34,412 
43, 147 
9,997 
1,481 
500 



1,488,038 
2,624,554 

728,140 



4,495 
18,977 
35,743 
70,078 
109,779 
144,744 
200,512 
249,162 
311,127 
828,665 
955,361 
982,329 
793,966 
586,930 
474,301 
346,935 
246,012 
179,458 
142,745 
384,813 
169,530 
317,768 
147,229 
39,467 



1,144,633 
4,147,251 
2,515,817 



111,140 
119,279 
144,218 
158,898 
175,743 
166,310 

372,130 
356,034 
259,498 
172,738 
L24,081 

85,336 
53, 540 
36,244 
24,701 
13, 194 
44,729 
16,662 
20,736 
6,111 
1,061 
394 



,771,321 



5,970 
13,922 
42,542 
69,447 
89,592 
127,725 
162,331 
204, 523 
216,828 
557, 193 
626,236 
525,352 
397,774 
320,894 

242,537 
166, 190 
122,351 
90, 303 
71,417 
206,586 
101,039 
190,849 
112,241 
34,870 
18,551 
30,514 
9,538 
8,425 



938,411 
2,427.449 
1,405,461 



30, 549 
33,332 
141.570 
156, 186 
153,608 
162, 130 
171,353 
177,118 
149,776 
294,403 
220, 567 
164,475 
104,696 
69,159 
50,230 
27,922 
21,977 
14,745 
12,865 
31,472 
13,315 
20,805 
7,231 
1,425 

580 



1,227,366 
853,306 
203, 502 



Amount 
(Thottaand 



36,659 
85,918 
121,042 
144,812 
181,669 
220, 308 
257,852 
240,335 
550,862 
478,787 
416,980 
293,781 
220,993 
177, 263 
108,368 
92,097 
66, 875 
62, 597 
180,735 
101,980 
241,293 
168,322 
58,979 

34,356 
76,138 
28,594 
43, 535 



1,298,322 
1,966,403 
1,441,132 



855,375 



24,190 
50, 366 
77,048 
76,441 
76,948 
78,303 
64,397 
58,749 
59,389 
86,094 
57, 082 
43,966 
24,543 
15,479 
12,446 
7,664 
5,309 
3,750 
3,594 
10,464 
4,556 
8,647 
3,151 



9,104 
28,318 
59,815 
76,078 
94,501 
114,259 
106,301 
110,249 
124, 142 
208,001 
161,812 
144,647 
90, 521 
65,745 
57,351 
38,707 
29,144 
22,220 
23,135 
79,120 
45,377 
130,097 
93,336 
38,597 
22, 374 
49,716 
20,444 
20,287 



722,905 
670,726 
670,405 



16,837 
36,888 
40,264 
38,957 
38,663 
33,347 
27,436 
23,179 
23, 534 
27,334 
18,460 
9,238 
7,733 
6,605 
5,164 
3,033 
2,108 
1,505 
1,433 
4,262 



25,377 
39,435 
47,573 
58,063 
58,761 
55,593 
53,763 
60,694 



37,645 
36,088 
34,296 
29,671 
19,102 
14,323 
11,104 
11,484 

40,272 
25,726 
82,203 
52,979 
20, 192 

15,216 
23,744 
5,036 
10,849 



407,141 
253,861 
361,901 



Adjusted gross 



70 percent under 



Amount 

(Thouaano 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2, 500 

$2, 500 imder $3, 000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4, 500 under $5, 000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

4^25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000... 
$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000, 
Returns $10,000 or more 



585,750 



105,763 



65,753 



127,771 



573,175 



(') 
3,148 
19,682 
31,541 
28,279 
34,090 
35,411 
31,314 
26,332 
21,467 
59,950 
34,574 
21,217 



8,232 
'4,292 
12,686 
14,271 
8,368 
6,960 
5,653 
5,453 
6,852 



13,447 
16, 542 
23,914 
17,019 
16,859 
15,591 
17,260 
24,303 
16,422 
11,961 
24,274 
16,667 

8,403 
7,300 
3,379 
5,274 
5,401 
17,899 
11,263 
27,293 
19,673 
9,269 

4,842 
12,242 
3,237 
2,876 



(1) 
4,973 
8,285 
9,146 
8,853 



18,516 
11,405 
14,925 

10, 364 
7,717 
15,166 



2,968 
5,410 
6,358 

4,107 

11,387 
12,525 
16,434 
16,699 
7,034 



3,479 
2,113 



3,227 
4,312 
6,742 



7,175 
12,588 

17,798 

14,421 



4,566 
8,131 
9, 015 
13,795 
11,038 
4,358 
2,400 
8,585 
5,711 
4,615 



> 7,565 



25,397 
19,460 
16,509 
14,752 
12,932 

7,267 
6,512 
6,659 
2,493 
3,559 

2,087 
2,033 
1,587 



25,432 
35,430 
35,059 
38,526 
44,154 

30,420 
28,481 
33,231 
15,994 
21,373 

14,434 
15,614 
14,791 
7,974 
11,617 

16,437 
8,080 
7,646 
8,774 

23,953 
10,439 
35,703 
18,965 
6,753 
7,431 
17, 101 
13,546 
25,662 



143,497 
34,909 
12,326 



231,487 
142,946 
211,317 



34,054 
14,606 
7,103 



150,261 
79,059 
133,361 



53,511 
7,644 
4,593 



105,153 
43,927 
115,285 



27,032 
5,592 
2,962 



53,453 
32,219 
84,678 



Footnote at end of table. See text for "Descriptii 



of the Data" and "Expla 



1 of Classific 



94 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



PAHT II.— CONTRIBHTIONS 
[Tazable and nontaxable 



Adjusted gross inccme classes 



Number of 

returns 

with 

deduction 



for contributii 



percent of adjusted gross 



Amount 
Ttarx 



Amount 



Total 

Under $600 

i600 under $1, 000 

SI, 000 under il, 500 

SI, 500 under S2,000 

$2,000 under $2,500 

i2,500 under 43,000 
3,000 under S3, 500 
3,500 under Si, 000 
"i, 000 under Si, 500 
4, 500 under $5, 000 

i5, 000 under $6, 000 
6,000 under $7,000 
7, 000 under S8, 000 
8, 000 under S9, 000 
9, 000 under ^10, OCC 

i 10, 000 under $11,000 
11,000 under 112,000 
12,000 under il3,000 
13, 000 under ku, 000 
U, 000 under $15, 000 

il5, 000 under i20, 000 
20, 000 under 525, 000 
25, OOO under S50, 000 
50,000 under $100,000 
100,000 under $150,000 

*150,000 under *200,000 

$200, 000 under S500, 000 

$500,000 under $1,000,000 

$1, 000, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 
Returns $10,000 or more 



, 689, 925 



,43i 



374, 287 
563, 585 
723,058 
877,440 
1,000,677 
1, 150, 490 

1. 248. 756 
l,34i,088 
3, 108, 318 
3, 054, 219 
2, 653, 920 
2, 017, 886 

1. 534. 757 

1, 203, 098 
870, 596 
621, 568 
■447,956 
340,807 
850,216 
349,297 
490, U8 
116, 588 
15, 340 



2,674 
13,314 
40,169 
69,133 
97,556 
133,069 
162, 031 
198,781 
225,508 
259,433 
608,493 
664, 281 
644,390 
534,767 
454,086 
387, 456 
304, 860 
236,470 
186, 129 
155, 381 
460,846 
251, 524 
559, 544 
332, 638 
112,964 



7,025 
10, 087 
26,841 

34,700 
52, 065 
57,446 
68, 763 
75,924 
227, 829 
242,346 
200, 620 
131, 799 
98, XO 

90,496 
67, 665 
45, 750 
32,099 
20,908 
55,619 
24,230 
37,754 
10,584 
1,795 

595 
801 



4,288 
3,319 
2,536 
2,919 
2,297 
1,691 
1,272 
876 

2,812 

1,601 
3,649 
2,006 



7,026 
25,822 
55,151 
67, 749 
99,257 
111,248 
181, 628 
201, 361 
228, 835 
594, 618 
618, 745 
548,433 
439, 650 
340,291 
260, 712 
187, 655 
136,417 
96, 733 
77, 181 
182,654 
78,656 
116,393 
28,042 
3,175 
902 
747 



2,746 
3,715 
7,067 
8,693 
10, 871 
33,838 
40, 188 
41, 817 
37, 371 
31,888 

28, 232 
21,849 
17, 369 
13,468 
11,300 
31,836 
18,030 
39, 610 
18, 360 
3,670 



7,812 
33,001 
50,011 
92, 656 
129,577 
164, 573 
161, 394 
213, 612 
238, 711 
614, 506 
626, 325 
548, 786 
461, 630 
337,576 

266, 628 
200, 884 
142, 550 
102, 249 

76,634 
195, 224 

81, 922 
1L2, 081 

22, 746 
2,174 

553 
391 



7,191 
10, 490 
11, 822 
18, 265 
22, 537 
67, 618 
81, 230 
81, 532 
77, 911 
62, 853 
55,736 
45,991 
35,453 
27,475 
22,294 
66, 396 
36,159 
73, 572 
28,906 



14,750 
27,049 
74,221 
95,094 
115,957 
141, 967 
176,830 
195, 337 
213, 754 
507, 134 
517, 106 
452,466 
365, 547 
287,764 
221, 405 
162,022 
111, 250 
83,314 
60, 175 

153, 577 
59, 733 
74, 872 
14,441 
1,425 
391 



9,603 
14, 042 
19,645 
24, 896 
30,517 

63, 519 
100,122 
100, 631 
92, 627 
81, 719 

69,158 
55,138 
41, 229 
33, 332 
25, 970 

77,451 
39, 266 
73, 916 
27, 702 
5,015 



12,451 
36, 607 
58,415 
77, 366 
112, 307 
134,113 
155, 943 
157, 704 
170, 849 



138, 725 
95,915 
71,066 
50, 562 
38,727 

94,978 
35,297 
44,823 
9,550 
1,036 



(1) 
398 
1,921 
4,107 
7,123 
12, 217 
17,350 
23,390 
26,633 
32,350 

82, 193 
92,ia4 
99,529 
79, 748 
65, 385 
57, 567 
43,389 
35,082 
26,987 
22,144 
63,977 
30,933 
59, 101 
24,556 
4,867 



253 



7,458,502 
12, 369, 100 
5,316,753 



1, 201, 668 
2,906,017 
3,408,403 



333,644 
900, 394 
388, 576 



3,526 
18,712 
21, 037 



978, 777 
2, 541, 737 
1, 169, 411 



36, 170 
185, 102 
208, 419 



1, 091, 347 
2, 588, 823 
1, 204, 099 



77, 203 
371, 144 
402, 154 



1, 055, 559 

2, 130, 067 

942,900 



lie, 459 
458, 618 
463, 653 



916, 769 

1, 479, 782 

581, 189 



125, 501 
418,979 
373,954 



for contributions as a percent of adjusted gross 



le — Continued 



Adjusted gross 



Amount 



Amount 

C77wuMm(f 



Amount 

(Thoumand 



Total 

Under $600 

i600 under $1, 000 

$1,000 under |1,500 

4l,500 under S2,000 

$2,000 under $2,500 

!2, 50O under $3,000 
3,000 under $3, 50C 
3,500 under S4,0O0 
4,000 under $4,500 
4, 500 under $5, 000 

$5, 000 under $6, 000 

$6,000 lUlder S7,0(X 

S7, 000 under S8, 000 

|8, 000 under $9, OOO 

$97«00 under $10,000 

! 10, 000 under $11,000 
11,000 under $12,000 
12, 000 under $13, 000 
13, 000 under $14, 000 
14,000 under $15,000 

i 15, ceo under $2C,000 
20, 000 under $25, 000 
25, OOO under $50, 000 
50,000 under $100,000 
100, 000 under $150, OOO 

$150,000 under $200,000 

$200, 000 under $500, 000 

1500,000 under $1,000,000... 
$1,000,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 
Returns $10,000 or more 



■,597 



600,406 



10,305 
31, 535 
49,799 
75,842 

77, 768 
84, C90 
109,154 
114,411 
117, 323 
235,443 
222,233 
200, 535 
123, 324 
97, 214 
77,066 
53, 952 
38,645 
27, 816 
22,043 
57, 973 
20, 763 
30,206 
6,476 



1,983 
4,406 
8,480 
10, 735 
13,719 
20, 390 
24, 107 
27, 681 

64,436 
70,831 
74, 319 
53,815 
45,390 

39,935 
30, 761 
23,344 
18,480 
15,834 

46,795 
22,921 
49, 672 
20, 998 



(1) 

13,051 
25,755 
44,359 
55, 207 

63, 636 
72, 693 
72, 260 
64,678 
60, 932 

161, 503 
130,349 
98,023 
76,492 
56, 617 
45,319 
32, 370 
21,518 
16, 630 
13,331 
33,070 
13,737 
18, 697 
4,437 



1,920 
4,634 
7,458 
10, 470 
14,103 
16,038 
16,484 
22, 881 

52, 662 
50,260 
43, 652 
38,704 
31,979 
28, 224 
22,127 
15, 993 
13,531 
11,489 
33, 693 
18,299 
37,716 
17,492 
4,141 



9,511 
24, 383 
37,701 
55,750 
49,146 
46,726 
46,266 
53, 720 
50,841 

92,432 
66,683 
62,190 
40,162 
36, 928 

26,432 
19, 392 
15,107 
10, 838 

6,569 
22, 206 

9,027 
12,725 

3,200 



2,144 
4,561 
8,331 

9,492 
11,060 
12, 183 
15,897 
16, 691 
35,428 
31, 369 
32,477 
23,744 
24,276 

19, 296 
15, 552 
13,115 
10, 140 

6,610 
26,450 
13,949 
30, 389 
14, 674 

3,637 



(1) 
6,146 
24, 732 
26,369 
28, 190 
30,403 
36,718 
37,443 
35, 149 
30, 874 
61,312 
67, 390 
54,811 
42, 633 
28, 163 
19, 655 
12, 517 
10, 154 
7,294 
5,712 



2,568 
3,661 
5,127 
6,695 
9,517 
11,220 
11,979 
11, 774 
26,941 
34,711 
32, 369 
28, 374 
21, 257 

16, 410 
11,484 
10,113 
7,826 
6,589 
19, 697 
10, 675 
23, 737 
12,846 
3,537 



27, 565 
32, 323 
29,469 
25,456 
24,618 
51,438 
43, 909 
39,995 
25,438 
17, 392 
14, 719 
9,732 
7,757 
4,988 
4,316 
9,849 
4,649 
6,627 
2,087 



2,189 
4,345 
5,084 
6,839 
9,507 
9,984 
9,770 
10,571 
25,434 
25, 601 
26, 933 
19,400 
14,858 

13,962 
9,992 
3,739 
6,031 
5,602 

15, 159 
9,224 

20, 082 

12,762 
3,481 
2,056 
2,513 
1,264 



2,387 
30,601 
68, 790 
66, 061 
73, 373 
88, 330 
84,476 
83, 688 
66,266 
80,708 
145, 616 
125, 880 
86,837 
53, 376 
50,070 

33,620 
22,491 
17, 196 
11, 382 
10,476 
21,494 
10,040 
15,425 
5,481 
1,090 
402 



2,974 

10, 319 
13,403 
19,241 
27,994 
31,313 
35,627 
41,438 
43, 581 
89,866 
90,643 
73,661 
50, 728 
53, 228 

39,192 
28,841 
24,052 
17,383 
16,786 

41,657 
25,197 
60,733 
43,375 
15,549 
8,086 
14,208 
4,489 
4,233 



670, 720 
883, 754 
336, 123 



111, 987 
308, 841 
281, 299 



492, 771 
522, 984 

200, 207 



94, 689 
217, 257 
218,456 



376, 264 
3C0, 395 
128, 226 



81, 393 
147, 294 
161, 198 



258, 324 
254, 309 
87, 773 



63,124 
144, 152 
128, 399 



219, 214 
178, 222 
65, 309 



664, 702 
463, 779 
149, 598 



226, 186 
356,526 
343,731 



Footnote at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Tenns." 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



95 



PMT II.— CONTRIBUTIONS— Continued 
[Taxable and nontaxable returns] 



for contributions as a percent of adjusted gross 



Adjusted gross 



Total 

Under $600 

4600 under $1. 000 

SI, 000 under SI, 500 

11,500 under S2, 000 

$2, 000 under $2, 500 

J2, 500 under i3, 000 
3,000 under S3, 500 
3, 500 under S4, 000 
■ijOOO under ^4,500 
4, 500 under $5, 000 

45, 000 under |6, 000 

S6, 000 under s?, 000 

57, 000 under s8, 000 

S8, 000 under S9, 000 

$9,000 under $10,000 

4lO, 000 under til, 000 

SlljOOO under 112,000 

112, 000 under S13, 000 

S13, 000 under SU, 000 

$14, 000 under $15, 000 

$15,000 under $20,000 

S20,000 under $25, 000 

$25,000 under $50, 000 

150,000 under $100,000 

$100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,0 
Returns $10,000 or more... 

Footnote at end of table 



316, 636 



3,133 
12,306 
2i,«5 
35, 537 
23, 801 
26,681 
18, 118 
22, 792 
18,469 
19, 020 
25,921 
22, 707 
15,493 
9,054 
6,447 
5,347 
3,665 
2,817 
2,442 
1,509 
4,656 
2,307 
5,493 
2,790 



204, 302 
79, 622 
32,712 



49, 636 



138, 399 



4.4,140 



19,409 



1,710 
5,167 
10, 433 
8,636 
12, 176 
9,851 
13,949 
13, 087 
14, 924 
23, 016 
23, 721 
18, 969 
12, 797 
10, 430 
9,110 
6,895 
5,714 
5,393 
3,580 

13,420 
8,557 
31,957 
32, 887 
15, 807 
12, 142 
20, 566 
7,606 
4,893 

90, 175 
88,933 
178, 527 



2,580 
3,866 
6,247 
5,546 

(') 

3,400 

3,767 

3,267 

1,830 

3,166 
3,760 
2,280 

602 



33,791 
10, 692 
5,153 



(') 

2,175 

2,787 

2,785 

1,733 

3,558 

4,863 

3,345 



2,077 
8,342 
9,931 
6,102 

3,726 
8,789 
3,398 
3,530 



2,893 
9,340 
13,200 
12,487 
14, 759 

11,807 
11,507 
6,751 



2,278 
1,567 
3,164 
2,461 



283 
1,915 
4,040 
5,269 
8,073 
7,901 
9,039 
6,137 
5,983 
8,104 



5,083 
2,840 
2,428 
2,514 
2,710 
9,454 
8,673 
28, 786 
41, 590 
24, 151 
17, 308 
48,974 
17, 583 
30, 506 

56,744 
42, 532 
242, 60C 



(') 

2,287 

2,587 

5,587 

3,293 

3,767 

3,067 

3,659 

4,093 



1,509 



29, 333 
6,993 
7,814 



1,012 
2,940 
2,168 
3,120 
2,915 
4,171 
5,345 



7,618 
5,912 
18, 097 
23, 160 
11, 618 

9,227 
30,264 
15, 335 
18, 379 

22, 403 

14, 066 
145, 487 



1,727 
2,673 

1,920 
2,580 

3,852 



13, 546 
7,416 



4,924 
1,100 
1,633 



> 3,358 



(38) 



79, 947 

1,285 

650 

1,434 



2,571 
9,155 
8,870 
41,084 



for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Tenns. 



96 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



.—ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 

PART III.— INTEREST PAID 
[^Taxable and nontaxable returns^ 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $i,000 

$4,000 under $4,500 

$4,500 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 $11,000 

$11 ,000 under $12 ,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5 ,000 

RetumE $5,000 under $10,000. 
Returns $10,000 or more 



16,037 

55 ,927 

142,774 

258,304 

392,321 

527,329 

669,949 

830,008 

964,993 

1,059,718 

2,655,591 

2,740,739 

2,422,412 

1,858,283 

1,403,583 

1,105,988 

792,017 

558,522 

394,299 

296,149 

712 ,232 

271,889 

364,105 

81,339 

10,637 



6,244 
10,666 
23,962 
49,316 
74,016 
109,282 
169 ,474 
214,627 
277,332 
330,349 

945,383 

1,157,026 

1,173,346 

983,923 

817,173 

694,293 
521,737 
389,733 
281,063 
225,373 
607,226 
231,512 
516 ,906 
225,975 
63,766 
30,462 
54,829 
21,810 
11,657 



1,265,763 
5,032,351 
3,926,342 



pal 



, of adjusted gross 



14,153 
30,343 
55,366 
64,729 
75,733 
112,778 
118,043 
120,801 
278,346 
209,797 
181,260 
142,364 
93,234 



44,851 
34,637 
29,798 
33,403 
41,229 
73,678 
25,053 
4,085 



594,024 
905,501 
472,334 



736 
1,020 
1,373 
2,4«8 
2,861 
3,046 

8,500 
7,106 
7,311 
6,475 
4,846 
4,100 
3,337 
2,853 
2,260 
2,047 

6,660 
4,287 
11,123 
7,094 
1,963 
917 



3,760 
14,431 
27,173 
54,232 
79,749 
85,044 
1U,350 
127,319 
125,131 
278,669 
253,567 
200,668 
154,575 
114,504 



37,474 
30,186 
81,014 
37,142 
61,092 
16,274 
1,820 
548 



628,940 

1,001,983 

457,513 



6,223 
8,073 
8,323 
22,906 
24,575 
22,060 
19,696 
16,370 
13,172 
10,511 
3,900 
7,679 
6,626 

20,556 
12,420 
30,785 
15,584 
3,110 
1,338 



33,350 
105,607 
134,249 



5,380 
12,577 
26,127 
33,950 
48,910 
74,275 
88,058 
94,734 
114,202 
260,579 
261,648 
211,214 
151,997 
122,041 

96,773 
78,270 
53,436 
43,441 
33,016 
83,829 
39,156 
55,104 
10,429 
1,004 

285 



503,213 

1,007,479 

500,092 



3,257 
5,960 
3,174 
9,990 
13,360 

36,021 
42,691 
39,615 
32,273 
23 ,961 
25,431 
22,485 
13,251 
14,743 
11,935 
35,924 
21,332 
45 ,916 
16,668 
2,952 



44,562 
179,566 
220,779 



3,852 
3,679 
14,510 
32,220 
52,575 
57,476 
73,846 
87,895 
102 ,907 
246,796 
244,697 
214,413 
173,512 
136,784 

113,301 
86,154 
62,562 
46,950 
34,153 
87,656 
35,325 
46,540 
6,947 
709 



434,060 

1,016,207 

520,702 



2,541 
5,021 
6,711 
9,663 
13,024 
17,103 

47,412 
55,362 
56,298 
51,599 
45,567 
41,659 
34,793 
27,396 
22,172 
17,319 

52,086 
27,456 
53,057 
15,358 
2,939 



55,458 
256,238 
298,040 



4,372 
7,30fc 
12,877 
24,372 
37,845 
45,539 
59,628 
67,878 
81,756 
206,829 
229,846 
214,259 
167,968 
139,569 
117,997 
90,010 
64,269 
43,472 
35,894 

84 ,926 
30,479 
30,372 
4,734 



341,773 
958 ,471 
502,970 



6,595 
10,101 
12,823 
17,546 
51,325 
66,911 
71,897 
64,563 
59,380 
55,818 
46,607 
36,033 
26,358 
23,400 
64,808 
30,286 
44,538 
13,771 

2,547 



55,865 
314,075 
348,257 



Deduction for 



. percent of adjusted gross income — Continued 



cent dnder 



Adjusted gross 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under .$4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $3,000 

$3,000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$tt7O0O under $12 ,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



7,086 
15,071 
22,162 
28,293 
42,480 
51,039 
53,246 
70,704 
203,936 
213,046 
205 ,099 
185,539 
131,854 
117,643 
90,467 
64,772 
43,789 
29,937 

72,301 
22,606 
24,807 
3,326 



292,061 
944,474 
470,260 



7,499 
10,562 
12,510 
18,233 
61,496 
77,755 
84,935 
36 ,376 
68,572 
67,765 
57,030 
44,395 
32,352 
23,802 
67,060 
27,451 
43,760 
11,883 

2,428 



57,334 
379,634 
382,078 



7,319 
14,371 
15,870 
22,097 
30,876 
37,721 
50,392 
50,777 

157,627 
215,899 
216,140 
155,563 
147,554 
112,764 
81,325 
52,142 
39,288 
25,911 

58 ,421 
15,683 
17,700 
2,395 



241,510 
913,733 
408,107 



3,941 
6,516 
9,160 
13,935 
18,779 
60,340 
91,446 
104,993 
91,554 
90,545 
76,768 
60,568 
42,194 
34,309 
25,227 
64,170 
23,838 
36,683 
10,183 
2,284 
1,173 
1,167 
308 
1,450 
56,964 
433,883 
330,322 



3,166 
5,352 
3,132 
13,542 

23,897 
33,401 
43,232 
56,742 
58,945 
150,355 
202,311 
196,042 
143,717 
121,442 
102,282 
69,650 
44,971 
32,996 
22,116 
46,193 
12,653 
11,877 
1,951 
209 



5,901 
8,199 
12,274 
18,078 
20,770 
62,411 
98,502 
109,917 
91,269 
86,751 

80,157 
59,758 
41,885 
33,216 
23,869 
58,468 
20,978 
28,780 
9,532 
1,855 

859 
1,182 



70,372 
443,850 
361,372 



3,600 
3,025 
15,731 
15,991 
23,836 
35,865 
44,439 
50,233 
155,847 
180,373 
178,103 
131,325 
98,651 

82,155 
52,780 
35,681 
22,615 
15,920 
32,588 
8,201 
7,909 
1,548 
162 



193 ,614 
744,299 
259,687 



3,553 
6,546 
11,365 
15,189 
20,282 
73,419 
99,581 
113,255 
94,497 
78,932 
73,133 
51,254 
37,703 
25,322 
19,' 
45,568 
15,295 
21,924 
3,486 
1,543 
952 



62,741 
459,684 
303,897 



5,966 
9,598 
9,705 

15,052 
24,751 
23,392 
34,610 
41,651 
120,195 
157,297 
151,332 
123,781 
92,525 
63,589 
38,999 
25,001 
14,724 
11,526 
23,039 
7,385 
6,752 
1,089 



167,106 
645,131 
193,382 



3,972 
7,639 
8,506 
13,880 
18,770 
63,049 
95,925 
107,303 
99,634 
83,021 
53,053 
42,314 
30,597 
18,768 
15,819 

36,989 
15,451 
20,890 
6,714 
1,830 
1,010 
1,339 
187 



5,939 
15,931 
27,050 
38,553 
54,183 
78,000 
94 ,183 
125,220 
135,350 

412,206 
448,959 
357,135 
260,047 
167,433 



42,047 
13,318 
15,507 
3,338 



2,594 
5,966 
10,737 
18,155 
31,098 
43,577 
55,039 
78,494 

275,504 
349,563 
315,085 
259,131 
186,041 

143,992 
95,623 
67,244 
44,015 
34,856 

84,257 

35,402 

60,682 

27,168 

7,574 

2,951 

4,857 

2,433 

1,140 

257,283 

1,385,325 

tl2,204 



Footnote at end of table. See text for "Description of the' Sample and Limitations of the Data" and "Explanation of Classifications and Terms. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



97 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 

PART III.— INTEREST PAID— Continued 
^Taxable and nontaxable retumsj 

Deduction for interest paid as a percent of adjusted gross income — Continued 

15 percent under 
20 percent 
Adjusted gross 



Total 7^3,890 

Under $600 ( ^) 

$600 under $1,000 3,574 

$1,000 under $1,500 8,280 

$1,500 under $2,000 22,251 

$2,000 under $2.500 25,705 

$2,500 under $3,000 33,777 

$3,000 under $3,500 47,386 

$3,500 under $4,000 50,171 

$4,000 under $4,500 65,645 

$4,500 under $5,000 59,949 

$5,000 under $6,000 130,259 

$6,000 under $7,000 92,045 

$7,000 under $8,000 69,643 

;,000 under $9,000 42,428 

$9,000 under $10,000 29,705 

$10,000 under $11,000 17,026 

$11,000 under $12,000 10,350 

$12,000 under $13,000 7,156 

$13,000 under $14,000 4,456 

$14,000 under $15,000 3,599 

$15,000 under $20,000 8,942 

$20,000 under $25,000 3,422 

$25,000 under $50,000 5,395 

$50,000 under $100,000 1,578 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 

Returns under $5 ,000 

Returns $5,000 under $10,01 
Returns $10,000 or more... 



1,864 
6,764 
9,791 
15,860 
26,365 
32,063 
47,935 
48,532 
120,952 
100,353 
86,897 
60,799 
47,753 
30,079 
19,932 
15 ,118 
10,224 



18,244 
5,234 
2,924 



190,239 
416 ,754 
187,436 



12,882 
23,504 
23,376 
31,570 
34,471 
36,674 
33,849 
31,179 

37,715 
19,687 
21,359 

11,860 
6,940 
4,143 
3,313 
2,528 
1,591 
1,509 
4,772 
2,144 
4,034 
1,420 



232,673 
97,561 
26,409 



1,016 
4,009 
9,817 
12,964 

20,654 
27,317 
32,059 
33,247 
34,815 
48,012 
29,260 
37,273 
23,059 
15,113 
10,130 
10,098 
7,295 
5,010 
5,277 
18,949 
11,791 
33,290 
23,403 
8,180 



175,931 
152,717 
145,543 



4,753 
7,381 
9,439 
9,582 
9,520 
10,228 
7,772 
3,188 
3,546 
3,981 
3,474 
3,320 
1,094 



1,933 
1,137 
1,760 



66,395 
12,789 
9,681 



1,432 
3,295 
5,575 
7,545 

9,153 
10,864 
9,912 
4,431 
5,810 
7,120 
7,570 
9,733 
3,051 
1,331 
5,411 
2,735 
3,519 
2,817 
2,084 

11,486 
3,876 
21,141 
12,511 



58,180 
28,860 
85,609 



3,241 
3,474 
1,513 



26.394 
6,246 
3,124 



3,903 
5,058 
2,433 

750 
2,828 

2,253 
6,469 
4,953 
3,078 
3,045 
1,842 
1,235 
1,476 
579 
1,762 
4,044 
4,442 
7,615 
7,960 
3,781 
2,136 
4,801 
2,132 



26,191 
19,803 
43,811 



11,502 
5,765 
6,040 
3,974 
4,201 

1,400 
2,979 
2,286 
1,393 



5,798 
5,144 
5,298 
6,U3 
6,162 
2,574 
7,132 
6,082 
3,567 



8,774 
8,406 
25,341 
21 ,416 
10,255 

5,463 
15,238 
7,895 



51,523 
12,179 
117,900 



Footnote at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 

PART IV.— TAXES PAID 
^Taxable and nontaxable returns] 



Number of 



Adjusted gross 



taxes paid 

(Thoummnd 
dotlarm} 



Total 

Under $600 28,764 7,358 

*600 under $1,000 174,992 22,832 

$1,000 under $1,500 411,155 59,269 

$1,500 under $2,000 615,362 108,218 

$2,000 under $2,500 787,592 154,908 

$2,500 under $3,000 931,138 193,734 

$3,000 under $3,500 1,065,042 252,377 

$3,500 under $4,000 1,220,184 310,552 

$4,000 under $4,500 1,321,744 369,575 

$4,500 under $5,000 1,399,425 419,215 

$5,000 under $6,000 3,229,238 1,110,843 

$6,000 under $7,000 3,149,766 1,278,355 

$7,000 under $6,000 2,720,335 1,264,049 

$8,000 under $9,000 2,060,789 1,078,604 

$9,000 ur.der $10,000 1,556,420 899,541 

$10,000 'jnder $11,000 1,218,900 776,249 

$11,000 under $12,000 881,108 602,822 

$12,000 under $13,000 628,066 466,870 

$13,000 under $14,000 452,074 361,228 

$14,000 under $15,000 343,993 295,043 

$15,000 under $20,000 858,826 862,283 

$20,000 under $25,000 352,375 452,060 

$25,000 under $50,000 495,291 951,955 

$50,000 under $100,000 117,652 ' '" 

$100,000 under $150,000 15,475 

$150,000 under $200,000 4,976 49,724 

$200,000 under $500,000 5,109 85,514 

$500,000 under $1,000,000 815 25,636 

$1,000,000 or more 353 33,316 

Returns under $5,000 7,955,393 1,903,038 

Returns $5,000 under $10,000 12,716,548 5,631,392 

Returns $10,003 or more 5,375,018 5,510,481 



248,186 

15,148 
21, 110 
21,670 
23,549 
20, 226 
19,289 
14,774 
17, 172 
23,033 
15,836 
7,953 



2,710 
1,944 
1,374 
1,539 
5,419 
3,840 
10,070 
5,044 
1,350 
591 



156,499 
53,662 
38,025 



Amount 



2,255 
2,305 
1,023 



2,854 
2,228 
11,159 



Deduction for taxes paid as a percent of adjusted grosE 



823,207 

12,917 
30,715 
46,233 
53,947 

69, 293 
54,057 
63,498 
55,373 
54,930 
94,703 
65,424 
50,772 
21,912 
15,512 
13,773 
11,497 
9,693 
6,968 
6,073 

21,952 
13,459 
31,492 
14,275 
2,410 
771 



441,663 
248,323 
133,221 



Amount 



2,983 
2,755 
3,805 
3,806 
4,132 
8,367 
6,666 
6,138 
3,049 
2,369 
2,312 
2,156 
1,964 
1,507 
1,432 
6,058 



1,965 
2,962 
1,000 
1,089 

21,448 
26,589 
63 ,886 



11,471 
37,227 
48,746 
67,427 

81,053 
96, 329 
122,405 
119,301 
124,923 

234,713 
180,219 
146,694 
92,311 
65,589 

49,736 
41,739 
29,236 
21,804 
18,503 
53,721 
31,635 
58,861 
17,793 
1,936 
562 



710,075 
719,526 
326,144 



Amount 
(Thoummnd 



1,191 
2,146 
3,818 

5,606 
7,939 
11,470 
12,917 
14,797 
32,949 
29,938 
28,519 
20,114 
15,818 
13,448 
12,363 
9,391 
7,589 
6,389 
23,646 
18,057 
51,103 
29,084 



60,128 
127,338 
134,8 



12,251 
32,722 
47,616 
79,821 

96,324 
125,965 
144,304 
165,635 
180, 337 

395,338 
366,119 
283,496 
225,830 
163,274 

123,116 
97,215 
68,216 
49,131 
40,406 

103,279 
50,265 
77,725 
14,926 
1,538 
425 



886,445 

1,434,557 

626 ,727 



Amount 



1,429 
2,957 
6,294 
9,229 
14,343 
19,121 
24,866 
30,260 
76,950 
84,318 
75,163 
67,946 
54,907 
45,910 
39,678 
30,197 
23,490 
20,773 
62,531 
39,286 
90,773 
33,644 
6,361 
2,539 
3,932 
1,479 
1,439 

108,361 
359,284 
402,032 



3,405 
21, 677 
48, 539 
71,672 
92,453 
119,306 
153,833 
184,357 
217, 354 
502,808 
490,353 
422,186 
323,425 
256,134 

202,997 
150,937 
110,312 
80,729 
61,423 
153,016 
60,382 
71,394 
11,785 
1,189 
350 



918,030 

1,994,906 

904,952 



Amount 
(Thot^mnd 
doltmrm) 



1,253 

3,865 

7,262 

11,469 

17,482 

25,944 

35,357 

46,504 

124,647 

143,895 

142,787 

124,531 

110,452 

96,541 

78,494 

62,373 

49, 195 

40,214 

117,937 

60,407 

104,636 

34,089 

6,367 

2,691 

4,603 

1,474 

1,486 

149,471 
646,312 
660,507 



Deduction for ■ 



. percent of adjusted gross income — Continued 



Adjusted gross 



(17) I (18) 

668,6^ 

Under $600 (') (') - - (^) 

$600 under $1,000 8,698 400 8,705 507 5,246 337 8,405 587 5,566 

$1,000 under $1,500 27,756 1,992 28,662 2,363 18,550 1,840 18,071 1,945 14,598 

$1,500 under $2,000 42,907 4,179 41,872 4,720 29,270 3,381 34,841 5,190 26,077 

$2,000 under $2,500 69,570 8,751 56,964 8,409 54,603 9,232 39,395 7,520 36,274 

$2,500 under $3,000 84,149 12,737 90,931 16,380 65,349 13,560 46,503 10,381 44,521 

$3,000 under $3,500 118,579 21,137 103,135 21,793 79,215 19,352 61,635 17,004 54,526 

$3,500 under $4,000 150,173 30,860 115,442 28,131 110,160 31,008 75,481 23,914 55,070 

$4,000 under $4,500 179,217 41,312 137,984 37,908 97,746 31,016 37,327 31,861 69,350 

$4,500 under $5,000 184,596 48,070 166,166 51,239 117,151 41,715 82,516 33,415 67,524 

1,000 under $6,000 489,981 148,325 433,079 155,378 333,376 137,231 221,654 103,543 168,244 

$6,000 under $7,000 510,783 182,031 454,406 191,745 371,589 179,942 261,423 143,467 166,763 

$7,000 under $8,000 467,362 192,313 449,885 219,137 338,571 183,323 239,187 151,449 141,338 

8,000 under $9,000 382,262 177,522 372,128 204,651 264,641 167,633 169,231 121,434 89,682 

$9,000 under $10,000 317,386 165,447 283,929 177,200 192,425 135,941 117,778 94,354 59,655 

$10,000 under $11,000 254,513 146,586 230,621 156,537 153,967 120,137 87,704 77,580 45,043 

$11.000 under $12.000 186,252 117,555 162,225 120,4«4 104,288 89,082 56,665 54,882 28,627 

$12,000 under $13,000 133,537 91,401 112,002 90,302 75,461 70,171 40,742 42,367 19,765 

$13,000 under $14,000 96,217 71,216 84,080 73,313 51,677 51,898 26,195 29,372 14,093 

$14,000 under $15,000 70,061 55,737 57,577 53,880 37,472 40,478 22,340 27,324 11,968 

$15,000 under $20,000 167,928 156,351 131,124 143,944 89,475 113,542 53,179 76,891 33,538 

$20,000 under $25,000 56,557 68,574 44,757 64,275 32,270 53,606 20,040 37,753 13,313 

$25,000 under $50,000 62,087 111,593 48,157 103,466 36,373 90,375 30,018 84,688 21,177 

$50,000 under $100,000 9,907 35,204 8,795 37,045 7,315 35,964 6,367 35,251 5,568 

$100,000 under $150,000 1,153 7,530 1,031 7,967 890 7,906 762 7,701 

$150,000 under $200,000 341 3,215 336 3,697 269 3,434 259 3,752 

$200,000 under $500,000 317 4,957 259 4,896 292 6,219 262 6,260 

$500,000 under $1,000,000 41 1,561 43 1,845 35 1,763 25 1,438 

$1,000,000 or more 22 2,058 9 1,292 19 2,852 14 2,631 

under $5,000 865,845 169,992 749,861 171,455 577,993 151,967 454,674 132,317 373,706 

Returns $5,000 under $10,000 2,167,774 865,633 1,998,427 948,111 1,500,602 809,575 1,009,273 614,252 625,682 

$10,000 or more 1,038,933 373,593 881,016 362,943 590,303 687,427 344,572 458,390 194,392 



Amount 
(Thoummnd 



879,882 

(') 

4 
1,794 
4,390 
7,806 
11,646 
16,707 
19, 595 
27,727 
30,202 
88,441 
102,492 
99,966 
72,005 
53,401 
44,594 
31,010 
23,328 
17,933 
16,455 
53,610 
28,079 
67,741 
34,859 
8,460 
4,055 
6,641 
2,031 



120,284 
416,305 
343,293 



(M 

28,731 
55,306 
104,094 
114,025 
139,078 
155,861 
145,633 
162, 193 
146,022 
281,813 
230,292 
155,994 
105,455 
69,364 
47,937 
33,869 
23,147 
17,165 
13,919 
38,656 
21,097 
33,120 
12,548 
1,782 
535 



1,052,293 
842,923 
249,525 



Amount 
(Thoummnd 
dottmrmi 



(M 

2,994 
8,783 
22,297 
31,285 



180,883 
169,827 
133,747 
101,888 
75,306 
57,659 
44,373 
33,193 
26,684 
23,055 

■7b, ■m 
54,625 
152,463 
98,353 

25,174 

11,910 
19,820 
5,686 
9,759 

402,632 
661,651 
639,528 



. end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications i 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



99 



-ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 

PART !V.— TAXES PAID— CoiitinuLU 
^Taxable and nontaxable retur- ~\ 



Adjusted gross 



Deduction for taxes paid as a percent of adjusted gro 



e — Cont 



Amount 
(Thousand 



Amount 
(ThauMuid 



Amount 
(Thouimnd 



000. 



$1,000 under $1 
$1,500 under $2, 
$2,000 under $2. 
$2,500 under $3 
$3,000 under $3 
$3,500 under $4 
$4,000 under $4 
$4,500 under $5 

$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 $11,00'J 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$35,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 

$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



18,191 
42,735 
45,175 
59,376 
58,126 
41,821 
42,791 
34,751 
23,069 
34,928 
28,440 
12,447 
7, 307 
4,320 
4,281 
3,594 
2,877 
1,673 
1,743 

4,653 
3,017 
5,824 
1,869 



302,079 



76,827 



27,121 
23,091 
27,503 
25,006 
22,074 
31,319 
30,792 
15,568 
10, 635 
6,813 
7,449 
7,033 
6,131 
3,883 
4,326 

13,570 
11,214 
33,029 
21,124 
7,523 

3,862 
7,112 
1,768 
3,170 

173,777 
95,627 
131,194 



21,185 
39,088 
57,591 
49,490 
29,405 
28,055 
16,899 
9,713 
10,365 
12,283 
7,326 
3,550 
1,726 
2,707 
1,676 
937 



1,813 
1,174 
1,833 
1,040 



263,478 
27, 592 
11,009 



11,973 
23,926 
26,724 
19,311 
20,989 
14,657 
9,319 
11,986 
15,144 
10, 785 
6,181 
3,303 
5,425 
4,153 
2,447 
2,046 
2,471 
2,504 
7,209 



143,400 
40,838 
73,710 



7,932 
19, 506 
13,580 

8,972 

7,033 
4,946 
3,466 



69, 532 
4,173 
3,122 



2,396 
8,477 
8,083 
6,804 
6,284 
5,576 
4,356 



2,619 
3,333 
9,715 
5,215 
2,216 
1,145 
2,105 
1,417 



46,395 
9,208 
31,995 



2,873 
4,946 
5,973 



3,303 

3,P9S 



6,169 
2,193 
1,211 



17, 562 
8,832 
2.921 



6,283 
5,287 
2,732 



15,850 
5,977 
1,934 

1,226 
4,373 
1,371 



100 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES— Co 

PAKT v.— MEDICAL AND DEOTAL EXPENSE 
[^Taxable and nontaxable returns] 



Adjusted gross 



Total 

Under $600 

$600 under $1 ,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $i,000 

$i,000 under $4,500 

$4,500 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 $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150.000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Adjusted gross 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$197«00 under $11 ,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

.$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



14,954 
105,809 
291,554 
458,885 
601,119 

682,318 

786,157 

866,079 

927,174 

979,245 

1,198,563 

',011,290 

,652,027 

,199,995 

864,887 

629,898 

435,548 

298,571 

210,854 

157,715 

376,805 

133,854 

159,865 

36,669 

5,722 

1,980 



5,713,294 
7,926,762 
2,450,037 



7,404 
37,306 
84,649 
147,062 
209,053 
234,308 
263,529 
297,820 
328,733 
343,698 
731,041 
631,813 
550,080 
418,785 
320,368 
253,235 
187,663 
137,494 
104,903 
87,012 
257,283 
126,937 
212,262 
76,271 
15,453 
5,971 
6,679 
1,242 



1,953,562 
2,652,087 
1,473,050 



Ajnoultt 
fTAouMmd 



Deduction for medical and dental expense 



48,650 
58,727 
62,754 
215,504 
248,424 
230,134 
208,700 
168,436 
122,701 
89,945 
66,903 
47,283 
34,808 
85,464 
33,754 
46,971 
14,201 
2,995 



246,076 

1,071,198 

548,046 



1,003 
1,446 
1,637 
6,569 
8,780 
9,308 



6,916 
5,539 
4,451 
3,426 
2,680 
7,710 
3,932 
8,136 
4,859 



5,293 
42,338 
52,691 



6,032 
11,925 
21,362 
31,772 
51,260 
66,205 
78,454 
93,097 
277,682 
322,250 
307,781 
240,812 
172,122 
134,372 
91,017 
65,295 
45,651 
33,292 
82,704 
23,930 
35,547 



361,034 

1,320,647 

526,700 



Amount 

dotUra) 



721 
1,301 
2,550 
3,799 
5,153 
6,622 
23,334 
31,122 
34,251 
30,566 
23,800 
20,930 
15,542 
12,103 
9,144 
7,043 
20,878 
9,421 
16,974 
7,738 
1,757 
825 



20,573 
143,073 
123,855 



Deduction for medical and dental expense 



11,991 
16,077 
31,968 
49,511 
62,115 
69,756 
69,778 
77,492 
191,631 
165,238 
126,853 
77,466 
53,434 
38,090 
24,025 
14,294 
10,568 
9,358 
13,513 
5,664 
6,021 
1,203 



391,754 
614,722 
127,931 



7,471 
11,197 
14,521 
16,242 
20,284 
58,060 
53 ,634 
51,700 
35 ,845 
27,722 
21,708 
14,989 
9,726 
7,784 
7,383 
17,107 
6,364 
11,182 
4,312 
730 



76,158 
231,961 

102,797 



3,559 
14,543 
20,756 
33,760 

4«,932 
58,501 
57,571 
67,020 
69,669 

163,762 
124,048 
89,935 
60,623 
34,482 
24,975 
16,983 
11 ,624 
8,362 
6,214 



374,311 
472,850 
90,415 



1,248 
2,405 
5,005 
8,741 
12 ,382 
13,939 
18,484 
21,545 
58,570 
51,803 
43,179 
33,533 
21,204 

16 ,936 
12,568 
9,368 
7,254 
5,804 
13,261 
6,531 
9,537 
3,660 



33,936 

208,339 
86.527 



11,198 
23,929 
28,303 
40,855 
48,362 
57,718 
58,812 
64,540 
119,974 
95 ,034 
69,549 
42,494 
27,416 

17,390 
11,018 
7,130 
6,117 
3,279 



335 ,404 
354,467 
61,701 



0) 

1,126 
3,178 
4,778 
3,511 
11,743 
16,197 
13,690 
22 ,849 
49,233 
45 ,831 
33,332 
26,743 
19,427 
13,654 
9,385 
6,629 
6,112 
3,538 

11,518 



37,136 
130,116 
70,247 



35,814 
48,742 
73,299 
99,699 
104,870 
264,876 
288,786 
263,316 
187,694 
135,101 

104,392 
73,599 
50,510 
35,049 
27,693 
61,753 
21,781 
22,192 
3,972 



422,746 

1,139,773 

401,672 



Amount 
(ThauMmnd 



1,937 
2,509 
3,994 
6,916 
10,739 
12,447 
36,497 
46,904 
49,621 
39 ,423 
31,701 
27,083 
20,999 
15,470 
11 ,674 
9,929 
25,980 
11,909 
17,939 



39,578 
204,151 
150,303 



9,645 
20.115 
29,946 
46,225 
61,308 
73,735 
73,832 
99,414 

252,883 
251,227 
199,160 
146,168 
U0,479 
75,164 
53,520 
33,171 
24,075 
17,297 
41,871 
12,815 
12,514 
2,232 



419,370 
959,917 
273,129 



Amount 
dotUcm) 



4,475 
7,098 
9,683 
11,739 
16,561 
48,974 
56,873 
51 ,839 
43,089 
36,726 
27,313 
21,221 
14,400 
11,241 
8,665 
24,600 
9,783 
14,484 
5,043 
1,310 



53,672 
237,501 
139,361 



percent of adjusted gross 



4,546 
7,865 
22,283 
35,359 
42 ,760 
47,672 
45 ,899 
46,015 
48,020 

97,470 
63,247 
50,952 
26,062 
23,236 
13,276 
8,313 
4,721 
2,650 
2,413 
6,284 
2,308 
2,864 



300,419 
260,967 
43,562 



9,919 
13,159 
14,612 
16,694 
19,249 
45,307 
34,679 
32,276 
18,574 
18 ,499 

11,735 
8,081 
5,004 
3,014 
2,952 
9,040 
4,323 
8,098 
3,309 



34,961 
149,335 
56,930 



3,374 
15,357 
23,510 
29,590 



42,235 
42,275 
40,450 
64,623 
55,117 
32,256 
19,830 
13,424 

9,442 
6,189 
4,503 
2,476 
2,041 

5,247 
1,776 
2,129 



273,892 
190,250 
34,307 



253 
1,958 
3,949 
6,289 
8,405 
14,006 
15,205 
17,026 
18,104 

33,742 
33,684 
22,633 
16,052 
16,519 
9,336 
6,722 
5,296 
3,148 
2,803 
8,494 
3,781 
6,501 
2,583 



85,195 
122,630 
49,815 



11,224 
23,931 
33,423 
42,101 
53,045 
74,732 
32,214 
103,319 
207,359 
204,653 
156,214 
109,460 
73,131 
52 ,907 
36,121 
22 ,869 
16,010 
11,592 
28 ,075 
7,971 
3,512 
1,675 



433,597 
750,817 
136 ,052 



5,213 
3,451 
12,506 
15 ,755 
22,139 

51,032 
59,366 
52,216 
41,172 
30,735 

24,711 
18,471 
12,737 
9,687 
7,504 

21,288 
7,933 

12,472 

4,957 

1,084 

496 



70,316 
234,571 
121,973 



16,571 
49,733 
83,576 
109,584 



127,078 
127,446 
123,584 

205,175 
119 ,032 
81,261 
46,417 
31,211 

21,542 
13,386 
9,593 
6,726 
4,909 
11,318 



890,960 
483 ,146 
30,559 



1,337 
3,079 
18,273 
30,793 
41,467 
52,279 
58,495 
66,277 
71,259 
134,739 
91,771 
72,565 
45,742 
35,422 
25,732 
18,399 
14,608 
10,609 
8,469 

23,472 

13,104 
27,220 
10,350 
2,363 
1,154 



348,777 
380,239 
156,501 



Footnote at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms." 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



101 



Table 16.— ITEMIZED DEDUCTIONS AS A PERCENT OF ADJUSTED GROSS INCOME: NUMBER OF RETURNS AND AMOUNT OF DEDUCTION BY ADJUSTED GROSS INCOME CLASSES- 
PART v.— MEDICAL AND DENTAL EXPENSE— Continued 
[^Tajcable and nontaxable returns] 



Deduction for medical and dental expense 



percent of adjusted gross income — Continued 



Adjusted gross 



Amount 
(ThouiMnd 



Total 

Under $600 

$600 under $1,000 

$1,000 under $1,500. 
$1,500 under 
$2,000 under $2,500. 



$2,500 under $3 
$3,000 under $3 
$3,500 under $^ 
$^,0O0 under $4 
$<;,500 under $5 
$5,000 under $6,1 
$6,000 under $7,( 
$7,000 under $8,1 
$8,000 under 
$9,000 under $10,000. 

$10,000 under $11,000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$55,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns under $5 ,000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



665,934 

12,958 
43,223 
61,538 
63,652 
71,855 



479,548 
153,426 
32,860 



34,385 
34,623 
37,586 
40,373 
39,647 
64,945 
41,480 
29,864 
24,326 
10,670 
13,386 
10,653 
8,139 



241,111 
171,285 
92,709 



17,352 
47,586 



40,401 
35,339 
24,517 

43,394 
25,063 
11,913 
9,606 
6,433 
4,015 



407,920 
96,409 
22,585 



(M 

3,796 
14,727 
24,249 
43,803 
39,841 
34,901 
35,1 



55,439 
37,718 
22,002 
19,574 
14,423 



20,982 
10,977 
19,410 
8,335 



259,785 
149,161 
96,416 



191,501 

8,312 
20,485 
30,864 
23,546 

19,036 
19,335 
11,141 
14,056 
8,026 

12,406 
5,939 
3,307 
2,280 



156,748 
25,319 
9,434 



245,002 

(1) 
2,329 
8,830 
18,652 
18,221 
18,162 
22,087 
13,851 
20,521 
13,260 



6,232 
7,200 
3,496 
3,539 
3,375 

10,063 
6,101 

10,143 
4,691 



136,144 
54,809 
55.049 



6,759 
11,200 
12,979 
12,506 
3,034 
5,340 
6,275 
4,367 
3,867 



2,342 
6,592 
10,103 
12,496 
9,883 
9,145 
10,554 
8,194 



4 



3,644 
2,922 
2,211 



170,804 

9,681 
17,860 
23,606 
24,4^3 
20,618 

12,352 
9,596 

11 ,902 
8,206 
6,244. 

5,740 
6,759 
5,354 
1,654 



77,711 
42,015 
28 ,906 



29,584 
38,441 
43,501 
33,716 
25,380 
33,287 
25,996 
22,657 
26,900 
37,711 
35,952 

12,976 
7,206 
7,005 
5,000 
5,776 
23,240 
13,778 
13,634 



283,161 
100,563 
38,920 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications 
^Estimate is not shown separately because of high sampling variability. However, the data are included : 
NOTE: Detail may not add to total because of rounding. 



102 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 











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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



109 



Table 19.— RETURNS WITH INCOME TAX— ADJUSTED GROSS INCOME, TAXABLE INCOME, INCOME TAX, AVERAGE TAX, AND INCOME TAX AS A PERCENT OF SELECTED ITEMS 
BY ADJUSTED GROSS INCOME CLASSES AND TYPE OF INCOME TAX 



ALL TAXABLE RETURNS 



$600 under $1,000 

$1,000 under $1,500... 
$1, 500 under $2, 000. . . 
$2,000 under $2,500... 

$2,500 under $3,000... 
$3,000 under $3,500... 
$3,500 under $4,000... 
$4,000 under $4,500... 
$4,500 under $5,000... 

*5,000 under $6,000... 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000.. 

$10,000 under $11,000. 
$11,000 under $12,000. 
$12,000 under $13,000. 
$13,000 under $14,000. 
$14,000 under $15,000. 



$15, OOO under $20, 000. . . 
$20,000 under *25,000. .. 
$25,000 under $50,000. . . 
$50,000 under $100,000.. 
$100,000 under $150,000. 



.$150,000 under $200,000. . . 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



RETURNS tflTH NORMAL TAX AND SURTAX ONLY 



$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500.... 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000..., 

$4,000 under $4,500 

$4,500 under $5,000.... 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000... 

$10,000 under $11,000., 
$11,000 under $12,000., 
$12,000 under $13,000., 
$13,000 under $14,000., 
$14,000 under $15,000., 



$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000... 
$50,000 under $100,000. . 
$100,000 under $150,000. 



$150,000 under .*200,000 

$200,000 under $500,000 

$500,000 under $1,000,000. 
$1,000,000 or more 



RETURNS WITH ALTERHAUVE TAX COMPUTATION 



Total. 



Under $15,000 

$15,000 under $20,000.. 
$20,000 under $25,000.. 
$25,000 under $50,000.., 
$50,000 under $100,000. 



$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000., 
$1,000,000 or more 



Returns under $5,000 

Returns $5,000 under $10,000.. 
Returns $10,000 or more 



1,436,260 
2,264,571 
2,025,366 
2,288,180 

2,486,920 
2,713,702 
2,793,988 
2,399,091 
2,931,861 

5,945,050 
5,306,507 
4, 303, 517 
3,233,674 
2,398,655 

1,795,422 

1,245,498 

855,857 

593, 177 

440,500 

1,045,364 
404,845 
536, 118 
121,252 
15,711 

5,019 



1,199,623 
2,826,311 
3,531,718 
5,153,457 

6,857,124 
8,832,135 
10,481,859 
12,320,319 
13,929,137 

32,683,730 
34,405,365 
32,165,658 
27,420,221 
22,721,630 

18,797,893 
14,283,701 
10,670,309 
7,989,180 
6,373,766 

17,777,462 
8,995,421 

17,879,811 
7,963,597 
1,875,601 

859,055 

1,447,069 

535,056 

670, 147 



212,931 
1,024,691 
1,523,219 
2,252,451 

3,144,769 
4,174,670 
5,009,269 
5,908,440 
6,814,667 

16,419,495 
17,825,989 
17,662,110 
15,993,895 
13,953,385 

11,971,564 
9,442,947 
7,240,743 
5,539,739 
4,477,490 

12,843,029 
6,784,183 

14,070,078 
6,440,012 
1,496,097 



42,377 
203,759 
301,728 
445,048 

619, 001 

826,100 

995,712 

1,181,829 

1,369,121 

3,311,602 
3,607,868 
3,599,827 
3,283,693 
2,892,363 

2,498,655 
1,996,486 
1,554,723 
1,206,799 
991,069 

2,970,825 
1,716,652 
4,308,594 
2,684,994 
748,067 

361,068 

631,123 
242,862 

310,895 



1,392 
1,603 
1,817 
2,034 
2,250 

2,842 
4,240 
8,037 
22,144 
47,614 

71,940 
123,507 
302, 067 
909,050 



322,553,316 



188,316,244 



1,436,260 
2,264,571 
2,025,366 
2,288,180 

2,486,920 
2,713,702 
2,793,988 
2,899,091 
2,931,861 

5,945,050 
5,306,507 
4,303,517 
3,233,674 
2,398,655 

1,795,422 

1,245,498 

855,857 

593, 177 

440, 500 

1,045,297 

402,935 

514, 114 

73,777 

6,058 



1,199,623 
2,826,311 
3,531,718 
5,153,457 

6,857,124 
8,832,135 
10,481,859 
12,320,319 
13,929,137 

32,683,780 
34,405,365 
32,165,658 
27,420,221 
22,721,630 

18,797,393 
14,283,701 
10,670,309 
7,989,130 
6,373,766 

17,776,143 
8,951,550 

16,969,003 

4,730,164 

716,372 

263,649 
320,910 
87,985 
94,354 



212,931 
1,024,691 
1,523,219 
2,252,451 

3,144,769 
4,174,670 
5,009,269 
5,903,440 
6,814,667 

16,419,495 
17,825,989 
17,662,110 
15,993,895 
13,953,385 

11,971,564 
9,442,947 
7,240,743 
5,539,739 
4,477,490 

12,841,317 
6,745,494 

13,296,332 

3,760,910 

550,712 

195,002 
217, 144 
55,813 
60,556 



42,377 
203,759 
301,728 
445,048 

619,001 

826, 100 

995,712 

1,181,829 

1,369,121 

3,311,602 
3,607,868 
3,599,827 
3,283,693 
2,892,363 

2,498,655 
1,996,486 
1,554,723 
1,206,799 
991, 069 

2,970,419 
1,703,351 
4,019,366 
1,562,265 
287,070 

114,338 
143, 194 
42, 110 
50,086 



1,392 
1,603 
1,817 
2,034 
2,250 

2,842 
4,227 
7,818 
21,175 
47,387 

73,862 

121,660 

319,015 

1,164,791 



(1) 

1,910 
22,004 
47,475 

9,653 
3,471 
3,933 



43,871 

910,808 

3,233,433 

1,159,229 

595,406 

1,126,159 



38,689 

773,746 

2,679,102 

945,385 
477, 500 
892,003 
363,812 
463,956 



13,301 

289,228 

1,122,729 

460,997 
246,730 
487,929 
200,752 
260,309 



6,964 
13,144 
23,649 



124,060 
298,738 
872,271 



21,839,939 
21,187,403 
7,065,019 



65,131,683 
149,396,654 
116,118,068 



30,065,107 
81,854,874 
83,031,668 



5,984,675 
16,695,353 
22,222,812 



19.7 
19.8 
19.9 
20.0 
20.1 



20.9 
21.1 
21.5 



23.1 
25.3 
30.6 
41.7 
50.0 

53.7 
56.9 
58.0 

59.3 



19.9 
19.9 
19.8 
19.3 



19.9 
20.0 
20.1 

20.2 
20.2 
20.4 
20.5 
20.7 

20.9 

21.1 
21.5 
21.8 
22.1 

23.1 

25.3 
30,2 
41.5 
52.1 

58.6 
65.9 
75.4 
32.7 



48.8 
51.7 
54.7 
55.2 
56.2 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms." 

^Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 

NOTE: Detail may not add to total because of rounding. 



no 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 20.— NUMBER OF RETURNS ANDAMOUNT OF TAXABLE INCOME, BY ADJUSTED GROSS INCOME CLASSES AND BY MARGINAL TAX RATES 



Adjusted gross income classes 



Taxable 



Taxable 

(Thenaand 



Total 

Taxable returns , total 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under $4,000 

$4,000 under $4,500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10,000 under tll,0(Xl 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 

Nontaxable returns 



1,436,260 
2,264,571 
2,025,367 
2,288,130 
2,486,921 
2,713,702 
2,793,987 
2,899,090 
2,931,861 
5,945,050 
5,306,507 
4,303,518 
3,233,674 
2,398,655 

1,795,423 
1,245,499 
355,857 
593,177 
440,499 
1,045,363 
404,847 
536,118 
121,250 
15,712 



212,932 
1,024,692 
1,523,219 
2,252,451 
3,144,769 
4,174,670 
5,009,269 
5,908,440 
6,814,667 
16,419,495 
17,825,989 
17,662,110 
15,993,396 
13,953,385 
11,971,563 
9,442,947 
7,240,742 
5,539,740 
4,477,490 
12,843,030 
6,784,182 
14,070,077 
6,440,012 
1,496,096 

672,501 

1,109,146 

419,625 

524,512 



1,436,260 
2,264,571 
2,025,367 
2,288,130 
2,307,285 
1,717,866 
1,674,401 
1,788,109 
1,895,976 
4,193,774 
3,396,745 
1,878,726 
667,436 
202,748 

66,239 
18,055 
6,225 
2,762 
1,571 



45,163,775 

212,932 

1,024,692 

1,523,221 

2,252,452 

2,775,650 

1,882,053 

2,068,065 

2,626,864 

3,342,699 

9,618,186 

9,125,857 

5,578,736 

2,101,019 

643,909 

209,567 

54,495 

18,049 

7,365 

3,824 

6,913 
2,128 
1,768 



6,636 
18,273 
14,740 
22,492 



12,776 
47, 387 
88,437 
111,202 
l"95,216 
63,689 
5,431 



29,311 
112,434 
224, 326 
320,817 

621,952 
219,433 
18,919 



178,329 

933,061 

1,072,200 

1,022,544 

923,698 

718,087 

1,088,765 

1,930,261 

2,289,067 

2,009,638 

1,409,630 

694,663 

230,016 

93,305 

35,911 

27,605 

2,032 

1,099 



366,402 

2,263,306 

2,828,770 

3,057,252 

3,146,996 

2,547,607 

4,736,300 

9,281,517 

12,120,474 

11,961,915 

9,139,139 

4,721,937 

1,952,801 

662,937 

249,996 

188,735 

12,265 

8,593 

16,563 

12,744 

10,115 
14,316 
7,521 

7,793 



31,503 
86,683 
66,429 
22,753 
6,945 

2,113 



134,049 
392,745 
346,443 
120,345 
38,744 



iK 



806,472 
670,625 
269,522 
70,070 
36,000 
229,224 
469.918 
521,995 
463,212 
339.333 
409,983 
13,199 
3,436 



3.497,702 

3,351,649 

1,475,520 

399,388 

229,742 

1,382,541 

4,098,657 

4,801,415 

4,515,546 

3,466.851 

4,354,555 

139,353 

39,879 

25,301 

16,834 

3,801 

20,325 

11,633 

4,773 



Adjusted gross 



Taxable 
(Thousand 



Taxable 



Taxable 



Taxable 



Taxable 



Total 

Taxable returns, total 

$600 under $1,000 

$1,000 under .$1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $3,500 

$3,500 under .$4,000 

$4,000 under $4.500 

$4,500 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under .'M,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under .$12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 
fl50,000 under $200,000... 
.$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 

Nontaxable 



153,147 


960,926 


181,170 


1,242,505 


111,819 


822,541 


31,971 


239,961 


16,617 


134,150 


3,867 


74,149 


3,714 


31,139 


37,256 


452,576 


498,926 


6,745,796 


113,774 


1,734,114 


11,433 


169,479 


657 


33,688 


206 


19,135 


78 


11,007 


106 


24,955 


13 


10,340 


1 


1,128 



2,242 
2,881 
2,442 



3,408 
23,484 
31,426 
27,271 



31,012 
56,110 
37,520 
12,111 
5,297 
2,314 
35,738 
206,332 
58,994 
1,028 
213 



254,704 

483,310 
348,507 
112,018 
48,962 
26,005 
565,896 
3,666,998 
1,098,192 
51,121 
19,969 

10,652 
21,131 
11,437 
2,356 



1,530 
5,139 



19,013 

67,333 

4,936 

906 



7,669 


78,245 


23,964 


256,084 


17,354 


194,191 


7,705 


36,702 


7,682 


85,973 


30,090 


621,690 


138,733 


3,063,503 


1,352 


65,869 


268 


25,363 


68 


9,666 


34 


19.400 


26 


15,3C4 


9 


13, ICO 



63,133 

11.304 
3,S«. 



Footnotes at end of table 



. of the Sample and Limit 



"Explanation of Classifii 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



111 



Table 20.— NUMBER OF RETURNS AND AMOUNT OF TAXABLE INCOME, BY ADJUSTED GROSS INCOME CLASSES AND BY MARGINAL TAX RATES— Concin 



Taxable 



50 percent (altematlvi 

tax computation 

returns with capital 



Taxable returns, total. 

$600 under $1,000 

$1,000 under .$1,500.. 
$1,500 under $2,000.. 
.$2,000 under $2,500.. 
$2,500 under $3, 
$3,000 under .$3, 
$3,500 under $4 
$4,000 under $4 
$4,500 under $5 



000. 



$5,000 under : 
$6,000 under 1 
f7,000 under ; 
$8,000 under ; 
$9,000 under $10,000. 



000 under til 
000 under $12, 
000 under .$13. 
000 under $14, 
000 under $15 



$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 

$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



16,104 
26,893 
5,038 



20,975 

3,583 

109,656 

2,206 



276,207 
57,723 
2,822,548 
98,120 
24,886 
9,933 
23,702 
9,548 
6,373 



288,867 
82,111 
2,175,700 
140,249 
26,252 
13,078 
23,333 
10,318 
5,309 



8,460 


142,447 


6,910 


119,893 


52,022 


1,746,914 


5,393 


221,598 


253 


22,003 


69 


9,322 


36 


20,032 



5,905 
13,303 
12,410 
59,447 
39,731 
121,606 



Adjusted gross 



$600 under $1,000. 
.$1,000 under 
$1,500 under $2,( 
$2,000 under 
$2,500 under $3, 
$3,000 under $3, 
$3,500 under $4, 
$4,000 under $4, 
$4,500 under $5, 



$14 



000 under $6 

000 under $7 

000 under $8 

000 under $9 

000 under $10,000 
000 under $11 
000 under $12 
000 under $13 
000 under $14 
000 under $15 



$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000. . . 
$150,000 under $200,000... 
.$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



3,718 
32,561 
8,265 



14,093 

166,135 

1,188,682 

350,266 

22,680 

10,891 
26,525 
13,540 



4,363 
17,810 
13,299 



Taxable 



10,356 
20,332 
8,581 
8,417 



1.639 
12,100 
32,708 



37,140 

333,934 

1,605,301 

50,649 



i end of table 



"Description of the Sajnple and Lim 



of the Data" and "Explanati- 



112 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 20.— NUMBER OF RETURNS AND AMOUNT OF TAXABLE INCOME, BY ADJUSTED GROSS INCOME CLASSES AND BY MARGINAL TAX RATES— Cont 


inued 






Marginal tax rate— Continued 




6= percent | 


65 percent | 


66 percent | 


68 percent | 


69 percent \ 


71 percent 


72 percent 


Adjusted gross income classes 


Number 

of 
returns 


Taxable 
inconie 

ttoli»rm) 


Number 
of 


Tajtable 


Number 

of 

returns 


Taxable 

income 

dollmrm) 


Number 

of 

returns 


Taxable 
income 
(noomm-Hl 
dollmrm) 


Number 
of 


Taxable 
income 

(Thaammid 
dollmrm) 


Number 

of 

returns 


Taxable 
dollmrm) 


Number 
of 


Taxable 
inconie 

dollmrm) 




(19) 


(50) 


(51) 


(52) 


(53) 


(54) 


(55) 


(56) (57) 


(58) 


(59) 


(60) 








38,1'W 


2,042,661 


19,365 


1,231,015 


514 


25,079 


500 


29,053 10,709 


791,377 


275 


18,869 


5,883 


500,686 




38,139 

10,181 
26,309 
1,127 
264 
212 
33 
U 

(') 


2,042,331 

301,266 

1,522,301 

92,330 

33,497 
48,364 
18,425 

26,153 


19,365 

5,243 

12,133 

1,516 

263 

170 
34 

6 


1,231,015 

183,491 
824,731 
126,689 

31,201 
35,357 

19,037 
10,510 


514 

(^) 
488 
9 


25,079 

(') 
23,696 

577 


500 


29,053 10,709 


791 , 377 


275 


13,369 

15,510 
2,451 

433 
475 


( = ) " 

2,338 

2,837 

300 

139 

26 


500,686 
































. 








- 


- 






: : 


- 










$8'000 under $9^000 












2,185 

5,831 

2,253 

261 

155 
19 

5 






- 


- 








- 




478 
15 
4 
2 
1 


26,412 

1,069 

572 

335 

666 














88,733 
425,506 
198,578 

30,257 
30,114 
9,795 
8,396 


236 
32 

3 
4 






(^) 








273,755 




35,497 








12,069 






4,693 


Nontaxable returns - 






Marginal tax rate — Continued 




74 percent 


75 percent 


76 percent 


78 percent 


80 percent 


81 percent 


83 percent 


Adjusted gross income classes 


Number 
of 


Taxable 
(Thousand 


Number 
of 


Taxable 
dollmrm) 


Number 

of 

returns 


Taxable 

income 

(Thoumand 

dollmrm) 


Number 
of 


Taxable 

income 

dollmrm) 


Number 
of 


Taxable 

(Thoummnd 
dollmrm) 


Number 
of 


Taxable 

(Thoummod 
dollmrm) 


Number 

L.f 


Taxable 

inc ;.me 

(Thoummnd 

dollmrm) 




(63) 


(64) 


(65) 


(66) 


(67) 


(68) 


(69) 


(70) 


(71) 


(72) 


(73) 


(74) 


(75) 


(76) 




119 


9,493 


5,561 


549,971 


99 


11,464 


2,330 


335,655 


71 


7,013 


1,702 


225,299 


119 


15,666 


Taxable returns , total 

$600 under $1 000 

$1,000 under $1,500 

*1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 


119 

98 
16 

1 


9,493 

7,386 

1,334 

86 

688 


5,561 

1,890 
2,754 

B40 
252 
16 


549,971 

. 105,704 
299,652 
78,078 
45,678 
9,749 
11,111 


99 


11,464 

: 


2,830 


335,655 


71 

(^) " 

45 

7 
1 


7,013 


1,700 


225,071 

33,931 
19,752 

95,546 
63.727 
8,908 
3.153 


119 

64 
36 
17 
2 


15,666 










$4,000 under $4,500 


43 
44 

8 
3 

1 


3,725 

3,998 

765 

578 

2,399 






. 






$7,000 under $8,000 






















(^) 
4,374 

808 
171 


451 
225 
641 
361 

20 






















872 
798 
817 
323 
12 
8 


57,246 
93,956 

109,816 
57,841 
5,125 

11.673 






- 




7,279 




4,698 




2.738 


$500^000 under $1,000,000 


951 












1 





end of table. See text for "Desc 



. of the Sample and Limit 



of the Data" and "Explanation of Classific 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



113 





Table 20.— NUMBER OF RETURNS AND AMOUNT 


OF TAXABLE INCOME, BY ADJUSTED GROSS INCOME CLASSES AND BY MARGINAL TAX RATES— Con 


inued 






Marginal tax rate— Continued 


All alternative 

tax computation 

returns^ 




84 percent 


87 percent 


37 percent (returns 

■ eligible for 87 
percent limitation) 


89 percent 


90 percent 


91 percent 




Number 

of 


Taxable 
income 

doltarwi 


Number 

of 

returns 


Taxable 


Number 
of 


Taxable 

income 

frhouaand 

doJ/ar>J 


Nujnber 
of 


Taxable 
income 

(■ni<«..«i<( 

dolUr») 


Number 

of 


Taxable 
income 

do/i.r.J 


Number 
of 


Taxable 
income 

dottara} 


Number 

of 

returns 


Taxable 
income 

fThauMnd 
doIUrt) 




(77) 


(78) 


(79) 


(80) 


(31) 


(82) 


(83) 


(84) 


(85) 


(36) 


(87) 


. (88) 


(39) 


(90) 


Total 


1,126 


168,577 


746 


125,815 


63 


128,902 


1,467 


292,103 


442 


127,826 


447 


214,004 


89,434 


6,635,405 


Taxable returns , total 


1,125 

207 
232 

273 
396 

13 
5 

1 


168,403 

17,500 
20,839 
44,330 
74,430 
5,511 
5,793 

174 


746 


125,815 
- 


63 

5 
58 

- 


128,902 

3,309 
125,094 


1,465 

330 
267 
815 
46 
7 

2 


291,703 

37,414 
34,736 
189,639 
19,347 
10,567 

400 


442 

83 

283 

67 

9 


127,826 

13,614 

72,500 
26,037 
15,676 


- 

138 
194 
62 


212,684 

52,739 
99,975 
59,971 

1 , 320 


89,484 

67 
1,910 
22,004 
47,475 
9,653 
3,471 
3,933 
672 
299 


6,635,405 


$1 
$1 

$2 

$2 
$3 
*3 
$4 
$4 
$5 
$6 
$7 
$8 


000 under $1 
500 under $2 
000 under $2 
500 under $3 
000 under $3 
500 under $4 
000 under $4 
500 under $5 

000 under $6 
000 under $7 
000 under $8 
000 under $9 


500 

000 

500 

000 

500 

000 

500 

000 

000 

000 

000 

000 




$10,000 under $ 
$11,000 under $ 
$12,000 under $ 
$13,000 under $ 
$14,000 under $ 
$15,000 under $ 
$20,000 under $ 
$25,000 under $ 
■$50,000 under $ 
$100,000 under 

$150,000 under 
$200,000 under 
$500,000 under 
$1,000,000 or m 


1,000 


" i 
" 1 
" 1 




3,000 




5,000 

0,000 




. 


1,212 




31 
201 

37 
416 

11 
1 


- 
2,369 
19,601 
13,281 
33,223 
4,213 
2,629 




00,000 


2,679,102 












363,312 

















See text for "Description of the Sairple and Limitations of the Data" and "Explanation of Class 
^These returns (and the taxable income associated with them) are included in the marginal tax 
^Estimate is not shown separately because of high sampling variability. However, the data are 
NOTE: Detail may not add to total because of rounding. 



and Terms - " 
cable to the their 
in the appropriate 



114 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

21.— INCOME TAX GENERATED AT EACH TAX RATE FOR ALL RETURNS AND RETURNS UNDER EACH OF THE THREE TAX RATE SCHEDULES 



Returns with 



Amount 



As a percent 
of adjusted 
gross incom. 



Tax base 
marginal 



Returns with any ■ 



ALL RETURNS 

Total 

percent (returns with no tax base) 

20 percent 

21 percent 

22 percent 

26 percent 

30 percent 

32 percent 

34 percent 

36 percent 

36 percent 

39 percent 

i2 percent 

<-3 percent 

47 percent 

49 percent 

50 percent (alternative tax computation returns with 
capital gains tax only) 

50 percent (alternative tax computation returns with 

capital gains tax and normal tax and surtax) 

50 percent 

52 percent 

53 percent 

54 percent 

56 percent 

58 percent 

59 percent 

62 percent 

65 percent 

66 percent 

68 percent 

69 percent 

71 percent 

72 percent 

74 percent 

76 percent 

78 percent 

80 percent 

81 percent 

83 percent 

84 percent 

87 percent (returns eligible for 87 percent limitation) 
87 percent 

89 percent 

90 percent 

91 percent 

JOINT RETURNS AND RETURNS OF SURVIVING SPOUSE 
Total 

percent (returns with no tax base ) 

20 percent 

21 percent 

22 percent 

24 percent 

26 percent 

30 percent 

32 percent 

34 percent 

36 percent 

38 percent 

39 percent 

42 percent 

43 percent 

47 percent 

49 percent 

50 percent {alternative tax computation returns with 
capital gains tax only) 

50 percent (alternative tax computation returns with 

capital gains tax and normal tax and surtax) 

50 percent 

52 percent 

53 percent 

54 percent 

56 percent 

58 percent 

59 percent 

62 percent 

65 percent 

66 percent 

68 percent 

69 percent 

71 percent 

72 percent 

74 percent 

75 percent 

76 percent 

78 percent 

80 percent 

81 percent 

83 percent 

84 percent 

87 percent (returns eligible for 87 percent limitation) 
87 percent 

89 percent 

90 percent 

91 percent 



62,712,3So 



348,701,466 



77,653,199 



17,839,264 



'62,712,386 



195,333,019 



12,154,606 

28,294,965 

529,739 

14,767,059 

218,271 

4,305,917 

1,175,029 

10,246 

447,523 

7,122 

235,213 

5,275 



,812 



73,222 
2,210 
50,820 
1,414 
36,449 
927 
47,380 
38,148 
19,365 



16,563,121 

116,646,410 

2,691,847 

109,127,679 

1,540,083 

44,461,012 

16,718,312 

146,650 

8,671,907 

119,488 

5,734,521 

103,009 

63,410 

4,417,521 

3,432,478 

47, 502 

296,921 

'7,796,171 
2,330,848 

73,201 
2,209,598 

58,759 
1,738,165 

44,135 
2,537,485 
2,459,968 
1,478,868 

31,135 

36,000 
953,659 

23,551 
612,746 

11,271 
684,603 

14,001 

414,086 

8,363 

283,941 

20,477 
211,704 
187,285 
159,740 
378,612 
165,018 
292,376 



45,481,032 

1,567,072 

69,345,138 

1,054,033 

32,352,082 

12,710,361 

113,101 

6,728,732 

93,267 

4,537,997 

81,037 

50,270 

3,522,529 

2,765,599 

38,407 

265,096 

'6,382,854 

2,299,870 

59,686 

1,801,771 

47,232 

1,433,256 

35,587 

2,099,286 

2,042,661 

1,231,015 

25,079 

29,053 

791,377 

18,869 

500,686 

9,493 

549,971 

11,464 

335,655 

7,013 

225,299 

15,666 

168,577 

128,902 

125,815 

292,103 

127,826 

214,004 



9,113,644 

319,109 

14,281,652 

222,719 

7,077,525 

3,019,452 

28,420 

1,737,143 

24,758 

1,268,665 

22,952 

15,002 

1,058,830 

392,997 

13,224 

132,527 

'3,053,613 
738,520 
21,467 
654,010 
18,435 
544,639 
14,681 
346,479 
393,932 
573,328 
11,561 
14,191 
393,176 
9,317 
260,992 
5,179 
301,667 
6,346 
193,298 
4,134 
135,660 
9,842 
105,205 
106,350 
81,579 
200,542 
92,661 
170,155 



7.81 
11.85 
13.09 
14.46 
15.92 
18.06 
19.38 
20.03 
20.72 
22.12 
22.28 
23.66 
23.97 
26.02 
27.84 
44.63 

39.17 
27.35 
29.33 
29.60 
31.37 
31.33 
33.26 
33.36 
36.34 
39.11 
37.13 

39.42 
41.23 
41.68 
42.59 
45.95 
44.06 
45.33 
46.63 
49.43 
47.78 
48.06 
49.69 
56.79 
51.07 
52.97 
56.15 
58.20 



45,393,240 

503,799 

20,100,794 

179,499 

5,201,473 

1,539,472 

9,396 

668,268 

6,696 

373,371 

5,303 

2,744 

243,426 

165,627 

1,689 

265,096 

1,891,793 

124,862 

3,741 

86,086 

2,489 

59,746 

2,726 

148,787 

172,366 

87,350 

2,544 

3,146 
47,710 

1,913 
26,757 



20,473 
448 
12,194 
2,558 
8,330 
112,926 
6,172 
42,295 
13,862 
64,447 



9,079,648 

105,793 

4,422,175 

43,080 

1,352,383 

461,842 

3,007 

227,211 

2,411 

141,881 

2,068 

1,152 

104,673 

77,845 



132,549 

945,900 
62,431 

1,945 
45,625 

1,344 
33,458 

1,581 
87,734 
106,867 
56,778 

1,679 

2,139 
32,920 

1,353 
19,265 



15,973 
358 
9,877 
2,123 
6,997 
98,246 
5,369 
37,642 
12,476 
58,647 



12,154,606 

50,557,045 

880,368 

21,381,712 

350,629 

6,747,011 

2.441.094 

38,293 

1,227,767 

28,052 

780,244. 

20,930 

15,655 

557,805 

405,558 

3,472 

672 

33,312 

295,642 

6,903 

222,420 

4,693 

171,600 

3,279 

135,151 

90,123 

50,210 

1,765 



117,479,272 

1,205,049 

41,244,344 

444,207 

13,146,143 

5,808,826 

65,492 

3,370,702 

48,548 

2,266,189 

36,605 

23,284 

1,636,456 

1,206,203 

15,495 

265,096 

1,891,798 
890,362 

22,513 
673,463 

15,605 
519,074 

12,134 
737,391 
679,060 
383,568 

10,050 

10,656 

241,990 

6,673 

162,981 

4,400 

177,338 

3,327 

110,928 

2,318 

75,574 

5,958 

53,980 

112,926 

42,132 

103,895 

46,562 

64,447 



297,643 
169,595 



6,983,108 
4,826,935 



36,462,754 
55,053,075 



5,387,284 

3,803,396 



7,307,416 
11,337,197 



1,392,343 

1,063,578 



7.68 
12.84 



19.94 
22.03 



36,397,726 
15,711,362 



542,453 
314,495 



7,279,545 
3,456,500 



134,434 
119,508 



863,620 
570,977 



91,511,494 
31,539,858 



2,826,353 
1,920,015 



38,239 

27,573 

35,133 
26,906 
13,120 

7,114 
3,793 
3,509 
l-,759 
1,005 
647 



1,897,200 

1,493,452 

2,158,642 
2,023,141 
1,194,437 

760, 519 
481,077 
532,793 
313,938 

209,330 

157,201 
12,345 

113,031 

250,814 
91,150 

171,879 



1,550,320 

1,234,219 

1,790,039 

1,685,620 

995,461 

634,690 

395,313 

428,006 

253,904 

166,074 

124,862 
8,720 

89,860 
192,530 

69,592 
124,737 



563,184 

468,961 

722,196 
737,922 
467,613 

315,387 
205,931 
234,669 

146,481 

100,120 

77,713 
7,551 
58,028 
132,295 
51,659 
98,871 



29.69 

31.40 

33.46 
36.47 
39.15 

41.47 

42.81 

44.05 

46.66 

47.83 

49.44 
58.79 
51.32 
52.75 
56.67 
57.52 



74,193 

51,644 

127,973 
140,905 
69,812 

38,066 

20,633 

31,780 

15,690 

9,019 

6,123 
8,646 
3,970 

27,825 
8,285 

35,511 



39,322 

23,921 

75,504 
87, 361 
45,373 

26,266 

14,856 

23,835 

12,238 

7,305 

5,143 
7,522 
3,454 

24,764 
7,457 

32,315 



160,334 

122,095 

94,517 
59,384 
32,478 

19,353 
12,244 
3,451 
4,942 
3,133 
2,178 



562,565 

429,704 

603,029 
530,617 
302,108 

184,994 

122,045 

130,620 

79,350 

52,579 

36,743 
3,646 
26,050 
65.525 
27,585 
35 , 511 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classific 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 21.— INCOME TAX GENERATED AT EACH TAX RATE FOR ALL RETURNS AND RETURNS UNDER EACH OF THE THREE TAX RATE SCHEDULES— Continued 



115 



Returns with " 



Tax base 
all rates 



Tax base 
marginal 



generated 
t marginal 



Total . 



percent (returns ' 

20 percent 

21 percent 

22 percent 

24 percent 

26 percent 

30 percent 

32 percent 

34 percent 

36 percent 

38 percent 

39 percent 

42 percent 

43 percent 

47 percent 



49 percent 

50 percent (alternative tax computatioi 
capital gains tax only) 

50 percent (alternative tax computatioi 
capital gains tax and normal tax and i 
50 percent 

52 percent 

53 percent , 

54 percent 

56 percent 

58 percent 

59 percent 

62 percent 

65 percent 

66 percent 



68 percent 

69 percent 

71 percent 

72 percent 

74 percent 

75 percent 

76 percent 

78 percent 

30 percent 

81 percent 

83 percent 

84 percent 

87 percent (returns eligible for 87 percent limitation) 
87 percent 

89 percent 

90 percent 

91 percent 



HEAD OF HOUSEHOLD RETURNS 



Total . 



percent (returns 

20 percent 

21 percent 

22 percent 

24 percent 

26 percent 

30 percent 

32 percent 

34 percent 

36 percent 

38 percent 

39 percent 

42 percent 

43 percent 

47 percent 



49 percent 

50 percent (alternative tax computati 
capital gains tax only) 

50 percent (alternative tax computati 

capital gains tax and normal tax and surtax) 
50 percent 

52 percent 

53 percent 

54 percent 

56 percent 

58 percent 

59 percent 

62 percent 

65 percent 

66 percent 



turns with 



68 percent 

69 percent 

71 percent 

72 percent 

74 percent 

75 percent 

76 percent 

78 percent 

80 percent 

81 percent 

S3 percent 

84 percent 

87 percent (returns eligible for 87 percent limitation) 
87 percent 

89 percent . . . . ^ 

90 percent 

91 percent 



149,380 
65,618 



19,775,093 
20,808,372 



,688,799 

907,586 



8,475,381 
14,292,063 



1,341,498 
734,101 



1,697,118 
2,944,455 



20.42 
22.60 



125,815 
58,876 



1,692,062 
965,675 



42,777 
22,373 



359,147 
209,267 



23,666,844 

9,704,436 



544,349 
346,174 



12,247 
10,655 
6,245 



3,595 
2,090 



373,843 
405,882 
284,381 



193,140 
131,669 
151,810 
100,148 
74,611 

54, 503 
174,440 

38,814 
127,798 

67, 317 
110,212 



251,451 

199,037 

309,247 
331,599 
235,554 

156,687 

105,373 

121,965 

81,751 

59,225 

43,715 
120,132 
29,372 



124,283 
144,984 
110,715 



46,817 

35,540 

27,492 
98,799 
19,325 
63,247 
37,343 
64,876 



29.07 

30.93 

32.31 
35.72 
38.93 

40.28 
41.82 



56.64 
49.79 
53.40 



11,893 

8,102 

20,814 
28,755 
17,538 

9,644 
5,124 
9,213 
4,738 
3,175 

2,207 
104,230 

1,404 
14,470 

4,816 
25,701 



6,303 
4,537 



3,735 
2,572 

1,854 
90, 724 

1,221 
12,878 

4,334 
23,383 



206,956 
531,361 
529,739 

218,271 
69,129 
24,931 
10,246 

7,122 

5,275 



19 
^2,222 

2,210 

1,414 

927 



301,436 
1,714,844 
2,691,847 

1,540,083 
657,619 
301,875 
146,650 



50,202 
47,502 
1,912 
^167,280 
73,201 



,759 



31,135 
36,000 
23,551 
11,271 
14,001 
3,363 
20.477 



1,054,033 
471,380 
221,638 
113,101 



31,037 
50,270 
46,471 
40,450 



1,759 
'136, 875 



35,587 

25,442 

25,079 
29,053 



7,013 
15,666 



222,719 
105,074 
52,271 
28,420 



22,952 

15,002 
14,381 
13,085 



879 
'67,204 
21,467 
18,435 
14,681 
11,076 

11,561 
14,191 
9,817 
5,179 
6,346 
4,134 
9,842 

4,226 



14.46 
15.98 
17.32 



22,28 
23.66 

24.39 
26.06 
27.84 

45.97 

40.17 

29.33 

31.37 

33.26 

35.79 

37.13 
39.42 
41.68 
45.95 
45.33 



179,499 
54,439 
20,901 
9,396 

6,696 

5,303 
2,744 
2,631 
1,732 
1,689 
1,759 
43,566 
3,741 
2,489 
2,726 
2,705 
2,544 
3,146 



14,154 
6,270 
3,007 



2,068 
1,152 
1,131 



1,344 
1,531 



1,679 
2,139 



62,036 

49,505 

40,634 
23,337 
17,732 

11,487 

7,392 

5,802 

3,750 

2,679 

1,982 
59 



134.362 
135,147 
86,460 



56,996 

40,936 

46,718 

31 , 578 

22,995 

17,237 
104,280 
13,584 
38,370 
15,816 
25,701 



206,956 

1,411,729 

880,368 

350, 629 
132,358 
63,229 
38,298 

28,052 

20,930 
15,655 
12,774 
10,366 
8,472 
19 
2,222 
6,903 
4,693 
3,279 
2,352 
1,765 
1,251 



36,605 
23,284 
23,355 
18,668 
15,495 
1,759 
43,566 
22,513 
15,605 
12,134 
13,295 
10,050 
10,656 
6,673 
4,400 
3,327 
2,318 
5,958 

2,498 



See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms." This total is no" 
classes as many returns have a tax base taxed at more than one rate. ^These returns are not included in the total as they already appear 
normal tax and surtax rate. 'This amount is not included in the total for the reason stated in footnote 2. NOTE: Detail may not adt 
A dash ( -) in this table means "not applicable, " except for head of household returns with the 37 percent limitation, in which case the dash ] 



he sum of the following tax rate 

the class which is their marginal 
o total because of rounding, 
ns none reported. 



116 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



ffi5oc»» S^m'^fi?^ o? 



, S 3 S; ;^ 3 :J 5 : 






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111 §§§§§ §§§§ 



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I SS§3§ §§§§51 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



117 



i t 









Ml 



r^JP-irs W-fintOvO CM<^j-i-^r- ^£lR§■l^^f^ «>Q' 

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118 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



i- 1 = 



il Ji 



§ 1^ 



"^^^ p*'2§^ f?5!RS;5t rtSsSs ssR§3 pfsa 

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INDIVIDUAL INCOME TAX RETURNS FOR 1962 



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- X ^ ?>J to p\ *0 f- r 



orviS ■^*'^'iS 'J•*^''^''1»^> CMOa-u 



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§§§§§ §§§§§ 

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iiii mils |s 

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120 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Ij: 



§ 1 






\0 a> <^ r^'00•>J■^I iTvfMC^OOrH iTvvOOvsO^J (^t^paJvD vO,OC-r- 

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S" P S"^ oj" oT o'm' ^' 









^o^^ coo«D>teo no'-hO'H \D<hc>jq(>j 000*00 eoo« 

jF-CM OOQi-imrH 0>pfM'-lrH st>OC>?3<M 0*(M^(^t*S iHP-C 



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iPS? SS&S; 






II 



^C^J(^J C^a'>0>JTO st^sDOim tTiCViCMrirH >rtFQ35^ nXr- 



HO^C->r Q<^«OC~ fOr- 






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III! mil mil 11111 §iii| g^ 



5 § § § o £ I d 






«§§§ §§§§ss 1^ 

000 QOoSoQ <a < 



Sils2„ 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



121 



5Sg8R 3S3SS 



sasas sns- 









irTo'rH'CT.or a3Ql>r»ir\ -^!I»Q^<^ f^^H-H-- 
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ir*f-(so i>^\OrH-»f cMsrno^iH otocof-ir- fnt^o^nr 









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NfQ^ tOO-Qrjo "^"^S" 






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jSsi s 



t 1111 11111 mil 



§§ § §§ § § § §^ 



•H ■»« 3<s-» 









122 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






n J 



HI 

9S 



§ 1 



i i^ 



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f3 o>cy(AcNjt^ .-i^rHC^vD -St^t'^r 



§§§§§ §§§! 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



123 



I li 



is asssS 3n93§ m§3sS iSs^iS "S"- 






3g:SSS S3;f? 






-pJ 0'tJ-OC--iC Sf^iH'OlA (>St?S 



jr\i-vj to to c~ "O ^ iriiA--fNj--^j- Ot*-<Ao 



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§ : 



I Si 



§ I 



I S = 



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lis 



mil mil =»§§= § = §=^ oooi oi iim miio iS'^ 



762-244 0-65-9 



124 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 






ci o \p cMt^ry-HrH QW-^iJS a?r?£:^£ ^ '^ 
M-*0 l>--tCOCOO O'-tQ't^O r\too^\oto O^ 



J g P p^ e? S oj 3 Ih ^ ^f 






§ I 
























is- 



IS 



nssaa 3S: 



>tra''-i ■-la^'nvDTO oo-jir 



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& ^§09B S9QQS QQCQC 88888 888S<: 



;•§§§§ §§s§§! 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



125 



Table 26.— SELECTED SOURCES OF INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, AND INCOME TAX, BY STATES 
[Taxable and nontaxable return?] 



United States^ 

Alabajna 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

Florida 

Georgia 

Illinois 

Indiana 

Kansas 

Kentucky 

Louisiana 

Maryland* 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

New Hampshire 

Hew 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 

Vfycming 

Other areas^ 



62,709,083 

839, :°8 
68,299 
444, 777 
484, CSC 
6, 186, 519 



243, 801 

217, 343 

3, 806, 169 

1, 590, 890 

947. 277 

746, 554 
873,413 
856,931 
343,024 

1, 619, 915 

2, 029, 442 
2,612,414 
1,191,577 

447, 56u 
l,483,.i56 

229,443 
516, 998 
137,051 
242, 52i 
2, 386, 667 

284, 07"J 
6, 629, .^60 
1, 353, 694 

209, 066 

3, 360, 412 

747, 105 

627, 907 

4, 021, 286 

326. 278 
629,877 

231, 397 

1, 090, 583 

3, 020, C13 

306, 711 

132,781 

1, 320, 56S 

1,018,194 

524, 214 

1,407,472 

116, 361 

200, 28C 



285,215 

313, 572 

3,667,793 



129, 917 

138, 948 

2,173,8 13 

994,624 

591,740 

489, 638 
529,747 
567, 448 
199,132 
839, 276 

1, 046, 46C 

1, 684, 534 
707,357 
286,411 
910, 784 

135, 948 
303, 259 
75, 141 
140, 081 
1,376,243 

181, 733 

3, 462, 166 

750, 255 

133,443 

2,103,251 

490,411 
406, 946 

2, 351, 897 
172, 851 



145,082 
666, OCC 
1,961,103 
195,464 
71,6C6 

739,890 
633, 176 
324,908 
856,560 
72,075 
106, 218 



Adjusted 

gross incom 

(less 

deficit) 



348,706,890 

3,967, ^ JO 
435,72: 
2, 471, 449 
1, 989, 575 
39, 615, 531 



1, 328, 945 
1, 006, 994 
23, 435, 240 

8, 665, 27C 

4, 511, 567 

3,809,662 
3, 950, 679 
4,209,430 
1, 505, 594 

9, 281, 593 

11, 344, 733 
15,949,030 
6, 090, 277 
1, 908, 848 
7,745,022 

1, 030, 932 
2,406,863 

858, 377 
1,193,355 
14,925,916 

1,439,871 
41,477,457 

5,960,224 

898, 709 

19,569,650 

3,454,506 
3, 400, 361 
21, 758, 880 
1,652,435 

2, 787, 62C 

950, 956 

5, 122, 014 
15,439,457 

1, 638, 566 
568, 568 

6, 638, 3:7 
6, 012, 075 
2, 378, 992 
7,417,043 
586, 244 
811, 706 



55, C91,658 

755, 262 
62, 712 
394, 899 
405, 677 
5,478,657 

572, 061 
907, 664 

r) 

1, 414, 690 
976, 424 

224, 350 

181, 678 

3, 360, 341 

1, 393, 264 

704, 350 

599,433 
734, 261 
760, 522 
308, 830 
1,484,469 

1,855,857 

2, 353, 039 

977,433 

381, 262 

1, 257, 087 

184,857 
387,470 
123, 671 
218, 783 
2, 159, 889 

250, 717 
5, 975, 335 
1, 179, 616 

143, 298 
2, 991, 604 

626,976 
541, 219 
3, 608, 210 
294, 706 
570, 675 

163, 949 
947, 670 
2, 627, 281 
281, 761 
109, 347 

1, 192, 841 
900,930 
473, 833 

1,190,464 
101, 002 
153,757 



Amount 
(ThtMimmnd 



283,367,233 

3, 393, 326 
380, 549 
1, 985, 467 
1, 531, 150 
32,048,914 

2, 877, 753 



1, 117, 781 
762,984 
19,115,826 
7, 219, 021 
3, 071, 061 

2, 805, 564 
3, 140, 606 
3, 388, 578 
1, 252, 685 
7, 788, 050 

9,546,021' 
13,526,145 
4,854,858 

1, 503, 161 
6, 192, 460 

763, 630 

1,614,468 

694, 171 

983,851 

12, 534, 564 

1, 178, 374 
33, 419, 553 

4,870,984 

576, 599 

16, 398, 238 

2, 702, 152 
2,703,958 

18, 153, 553 
1,356,451 
2, 370, 531 

639, 303 
4, 163, 734 
12,237,916 

1, 395, 425 
438, 584 

5, 640, 549 
4, 896, 776 

2, 060, 197 
5,977,617 

452,973 
678, 680 






49, 474 
106, 357 
669, 565 

100, 983 
86,727 
(*) 
220,273 
155, 131 

22, 772 
56, 949 
480, 603 
275,310 
286, 110 

189, 450 
201, 257 
116, 393 
49, 228 
128, 273 

158, 495 
325, 163 
245, 214 
92, G36 
289, 654 

52, 540 
149, 529 
12, 986 
27,704 
2C4, 072 

39,461 
595, 083 
240, 036 

30, 026 
424, 621 

167, 093 
103, 023 
412, 377 
27,471 
90, 552 

83, 492 
200, 121 
549,437 
43,648 
24, 495 

158, 020 
141, 723 

62,294 
254, 928 

23,926 
2,341 



Amount 

(Thau»»nd 



23, 924, 239 

219, 244 
18, 588 
146, 530 
213,958 
2, 534, 520 

292, 556 
370,128 

568, 554 
334,815 

74, 140 
118, 110 
1,615,417 
692, 236 
762, 181 

505, 052 
379, 303 
255, 073 
103, 371 
452, 600 

634, 623 
925, 257 
513, 589 
155, 870' 
627, 136 

124, 626 
407, 050 
38, 228 
83, 755 
863, 680 

108, 088 

2, 260, 683 

501, 395 

189,978 

1, 233, 061 

280, 550 

264, 186 

1, 276, 170 



176,974 
382,216 
1, 123, 382 
100, 836 
52, 830 

341, 695 
444,857 
121,931 
644,258 
46, 221 
1,620 



Net gain and ne 
loss from sales 



46,114 
3,932 
43, 190 
27,045 
756, 297 

85,426 
93,549 

194, 564 
67, 597 

22, 231 
32, 267 

338, 200 
125,417 
183,522 

95, 624 
66, 238 
52,539 
21, 775 
116, 775 

149, 696 
213,909 
174, 189 
30,134 
178, 268 

38, 456 
87, 437 
15,612 
15,537 
198, 469 

25, 267 
677, 782 
72,289 
38, 696 
252, 394 

56,450 
80,046 
302, 056 
22, 061 
31, 284 

56,403 
61, 665 
253,740 
31,317 
13,991 

90,317 
113, 138 

28, 035 
173, 747 

16, 689 

24, 221 



Amount 
(Thouavtd 



43, 294 
2,449 
65,964 
35, 292 
951,730 

89, 543 
112,557 

(^) 
242, 798 

74,3m, 

23, 779 
17,922 

378, 035 
97, 533 

104,331 

69,645 
48, 727 
81, 118 
15, 717 
137, 159 

132, 860 
174,468 
100,033 
36,294 
117, 935 

24, 760 

60, 378 
24, 919 
10, 525 
170, 067 

29,513 
680, 398 
66, 620 
23, 754 
200, 049 

84, 079 
72, 821 
241, 843 
22,450 
29, 337 

29,778 
63,416 
411,770 
15,722 
8,681 

87, 479 
76, 352 
18, 890 
96,200 
12,623 
22, 226 



7, 603, 392 

60, 536 
3,157 
45, 373 
23, 621 
318,693 

34,C49 
175,198 

(*) 
235, 620 

85, 683 

29,014 
27, 656 
435, 741 
149, 960 
111, 351 

34,240 
75, 145 
63, 831 
37, 254 
189,518 

286, 698 
320, 209 
147, 220 
34, 060 
180, 730 

34,079 
52,312 
10, 733 
29,006 
376, 974 

22, 854 
1, 090, 036 
100,920 
18,347 
401, 084 

58,294 

72,437 
508, 026 
41,408 
41, 354 

29,401 
80, 638 
262, 004 
26, 335 
18,344 

119, 003 
120, 170 
46,514 
197, 865 
15, 981 
40, 604 



1,845 

66, 222 

31, 613 

1, 127, 636 



26,612 

21,063 
738, 183 
174, 979 

99,700 

74, 426 
102, 658 
31, 328 
59, 181 
292,204 



430, 129 
162, 392 
33, 702 
268, 886 

23, 786 
52,421 
24, 547 
39, 774 

486. 598 

19,973 
1,995,334 
148, 686 
10,264 
560, 990 

76,153 
74,977 
850, 810 
70, 393 
51, 892 

18, 907 
113, 358 

353. 599 
30, 868 
28, 492 

191,457 
115, 553 
62, 789 
217, 120 
19, 283 
59, 127 



33,428 
22,206 
610,056 

61,930 
144, 227 

P) 
183, 024 

67, 532 

17, 530 
20, 105 
377, 342 
108, 345 
80, 101 

59, 373 
56, 421 
47, 406 
29, 729 
150, 871 

219, 631 
235, 562 
113, 589 
24, 592 
142, 111 

24,544 
39, 487 
7,864 
22, 408 
306, 639 

15, 232 
875, 603 
77, 399 
13,911 
300, 170 

44,991 
51,398 
401, 186 
34,494 
31,137 

21, 935 
61, 822 
189, 820 
18, 963 
15, 184 

95, 025 
81, 391 
34,505 
144, 601 
12,038 
33, 808 



51,029 

(*) 
62,837 



90, 497 
356,905 



68, 782 
98,407 
76,731 
56,910 
279,457 

426, 231 
408, 636 
153, 171 
31,580 
256, 654 

21,815 
49, 207 
23,713 
37, 305 
461, 625 

18, 381 

1, 925, 303 

142, 693 

9,165 

537, 163 

72, 484 
70,006 
316,937 
67, 559 
40,460 

16,971 
108,484 
334, 870 
29, 115 
27, 249 

134, 070 
107, 232 
59, 952 
205, 603 
13, 167 
56, 502 



Footnotes at end of table. See 



Limitations of the Data. " and "Explanation of Classifications and Terras. 



126 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 26.— SELECTED SOURCES OF INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, AND INCOME TAX, BY STATES— Continued 

[Taxable anJ nontaxable rotijrr.s] 



Interest 


received 


Rent net 
net 


income and 
loss 


Royalty n 
and ne 


loss 


Partnership 
and ne 


net profit 
t loss 


Tajtable income 


Income tax after 
credits 


Number of 


Amount 


Number of 


Amount 


Number of 


Amount 


Muraber of 


Amount 


Niimber of 


Amount 


Number of 


Amount 


returns 




returns 




returns 


r77>oua«n<f 


returns 


(Thoammtd 


returns 


rTlHaaarf 


returns 


(r>iM< 




dolUrmi 




doiJarO 




dolUrt) 




doll.,.) 




OmiUr.} 




*llar*J 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


(as) 


14,7«,U1 


7,162,838 


5, 963, 684 


2, 870, 744 


429, 309 


513, 367 


1, 956, 304 


9, 343, 654 


50,564,957 


l'«,307,361 


50, 099, U5 


44,892,879 


120,910 


52,525 


57, 153 


34, 233 


2,355 


736 


19,602 


126,443 


635,938 


1,959,560 


633,355 


435,818 


9,433 


4,083 


7,210 


2,544 


0) 


(^) 


3,081 


14,839 


53, 173 


269,916 


57,871 


60,439 


98,684 


69, 668 


46, 326 


27, 280 


3,627 


3,432 


16,007 


73, 039 


355,476 


1,309,347 


353, 218 


298, 620 


53,795 


28, 629 


39, 728 


33, 286 


6,716 


6,757 


15,877 


89,927 


333, 904 


964,900 


335,442 


214,906 


1, 608, 183 


1,012,132 


702,682 


250, 780 


40,179 


48,629 


235,762 


1, 168, 862 


5, 167, 025 


22,843,830 


5,109,058 


5,281,491 


192, 762 


96, 722 


77,501 


37, 242 


9,756 


14, 625 


26,751 


119, 635 


532, 615 


2, 024, 339 


527,879 


456,384 


326,275 


143,578 


109,646 


41, 171 


(^) 


(^) 


25,449 


135,171 


879,199 


3,997,714 


374, 080 


947,092 


434,359 


324, 383 


174, 164 


79,877 


4,060 


3,049 


51,884 


211,402 


1,247,330 


4,318,026 


1,228,343 


1, 001, 696 


155,956 


71,818 


91,298 


57,401 


&) 


{') 


32, 178 


150, 774 


322, 501 


2,730,241 


818,252 


616, 357 


72,206 


19,485 


22, 561 


19, 927 


i') 


(^) 


7,555 


26,513 


203, 732 


738,970 


202, 125 


166,540 


52,100 


27, 148 


24,591 


14, 053 


(^) 


(2) 


9,119 


37,422 


166, 552 


510,774 


163, 110 


107, 971 


886,523 


423,922 


402, 139 


227, 336 


27,166 


17,904 


124,821 


642, 355 


3, 207, 819 


U, 109, 680 


3, 180, 113 


3,305,863 


312, 539 


135, 390 


140, 506 


73, 133 


6,233 


6,222 


40,004 


179,882 


1,234,603 


4,971,506 


1, 270, 842 


1,110,820 


232, 194 


115, 578 


109,342 


71,901 


2,449 


2,157 


50,348 


221,794 


716,861 


2,351,834 


695,684 


507, 957 


163,736 


70, 049 


115,673 


104,947 


23,599 


19,863 


26,592 


124,571 


567, 521 


2,031,912 


559,261 


449, 553 


135,124 


55, 101 


76, 392 


44,851 


6,739 


3,310 


30,773 


128,722 


633,637 


2,037,640 


623, 365 


450, 528 


125,355 


65,730 


87,550 


76,702 


29,552 


57,931 


27,444 


135,820 


643,043 


2, 150, 130 


633, 385 


502, 156 


71,067 


29,477 


24,988 


4,415 


188 


555 


6,766 


22,433 


277,164 


763,484 


276,343 


167, 026 


364, 669 


181,939 


112,883 


74, 561 


3,484 


2,279 


31,961 


133,174 


1, 348, 239 


5,422,407 


1,337,065 


1,251,715 


507, 767 


223, 9OT 


201,508 


33, 560 


(=) 


(^) 


30,452 


155,466 


1, 735, 850 


6,528,737 


1,721,858 


1,493,001 


672, 269 


284,471 


228, 251 


33,077 


11,021 


5,720 


72, 179 


353, 610 


2,184,908 


9,158,825 


2, 170, 141 


2,107,032 


307,093 


141,623 


101,853 


46, 738 


3,380 


1,920 


45, 657 


193, 170 


922, 849 


3, 160, 196 


907, 135 


707,241 


55,060 


33,691 


37,085 


22, 867 


9,751 


8,439 


17,913 


91, 999 


299, 826 


849, 861 


297, 050 


188,684 


318,781 


142, 033 


154,768 


83,926 


6,177 


4,456 


46,923 


217,204 


1,178,709 


4,273,669 


1,165,797 


980,019 


44,826 


24,712 


32,033 


15,237 


3,250 


3,605 


12,013, 


41,133 


172,715 


552,224 


170,617 


U9,110 


110, 326 


51, 251 


81, 167 


73, 314 


7,106 


2,321 
(^) 


18, 437 


n?,33R 


392, 319 


1,323,804 


333,421 


291, 282 


27,726 


22,248 


11,681 


11,200 


l>) 


6,339 


31,327 


114,732 


526,534 


113,994 


125, 195 


62,612 


26,971 


21, 371 


7,931 


(') 


(^) 


3,939 


15,130 


201, 997 


656, 639 


200,997 


141, 491 


585,033 


251,410 


202,992 


55, 137 


2,424 


3,362 


63,689 


330,736 


2,019,560 


3,315,612 


2,007,448 


2,027,691 


45, 101 


28,912 


32,097 


20,310 


5,857 


7,994 


9,699 


33,912 


209,917 


734,472 


208,691 


163,859 


2, 082, 537 


1,036,145 


490, 168 


144,144 


11,139 


11, 636 


223, 164 


1, 242, 027 


5, 633, 627 


24,009,375 


5,591,081 


5,778,748 


184,852 


77,293 


97,122 


58,892 


(^) 


38,295 


165,485 


961,378 


2,357,247 


957,740 


641, 511 


46,878 


19, 199 


28,906 


19,976 


4,460 


9,765 


10,805 


38,233 


145, 789 


423, 537 


140, 243 


89,226 


863, 635 


387,216 


310,723 


174,913 


10,228 


7,271 


30,243 


350,654 


2,811,656 


11,235,183 


2,789,309 


2,557,600 


117,416 


61,694 


93,625 


58,947 


37, 092 


33,577 


25, 182 


104,485 


542,081 


1,784,339 


536, 866 


407, 295 


200, 237 


93, 017 


68,499 


29,426 


1,775 


244 


26,550 


139,459 


507,402 


1,886,813 


501,730 


417, 687 


858,041 


330, 540 


294, 105 


105,096 


8,898 


5,182 


99,496 


480, 623 


3, 360, 078 


12, 170, 250 


3, 338, 551 


2, 775, 745 


91, 676 


40, 520 


36,342 


8,262 


i>) 


(^) 


6,438 


27,485 


272, 457 


937,436 


271, 273 


214, 739 


76,798 


34,008 


45,135 


26,804 


(^) 


(=) 


16,244 


71, 310 


465,216 


1,347,001 


463,171 


292,472 


52,402 


22, 323 


30, 371 


22, 638 


(") 


{') 


9,693 


32,534 


154, 932 


453,896 


150, 326 


96,322 


191,623 


73, 581 


87,711 


53, 674 


(') 


(=) 


37,336 


188, 790 


796, 103 


2,675,736 


790, 999 


612, 505 


546,970 


276, 358 


353, 836 


196, 743 


109, 197 


197,892 


118,300 


509,317 


2, 280, 338 


8,448,433 


2, 261, 794 


1,973,152 


69, 975 


31, 502 


22,419 


7,326 


(*) 


(^) 


9,342 


38,472 


246,488 


335,633 


244,716 


182, 501 


35, 317 


16, 996 


16,462 


6,227 


(') 


(') 


3,229 


8,374 


97, 145 


283,431 


95,973 


61,731 


223, 279 


101, 359 


93, 370 


52,296 


2,041 


1,458' 


31,242 


134,302 


1,035,872 


3,627,559 


1,029,139 


813,322 


316,047 


147,256 


108,848 


58, 338 


4,344 


1,956 


36,800 


196, 352 


859,341 


3, 510, 130 


851,037 


781,396 


73, 928 


26,290 


49,779 


22, 471 


6,175 


1.684 


14, 394 


34,423 


394,725 


1,246,347 


392, 651 


272,899 


433,468 


169,026 


165, 040 


73, 571 


(^) 


(^) 


41,824 


174, 115 


1,120,497 


4, 055, 033 


1,104,991 


895, 724 


30,004 


16, 601 


14,346 


10,390 


3,566 


4,371 


5,457 


17,476 


92,897 


332,248 


91,035 


73,841 


51, 354 


26,338 


14, 116 


4,953 


(^) 


(^) 


3,255 


5,188 


123,394 


426, S9Q 


117, 868 


94, 314 



United State: 

Alabama 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut ■ 

Delaware 

Florida 

Georgia 

Illinois 

Indiana ■ 

Kansas 

Kentucky 

Maryland* 

Massachusetts 

Michigan 

Minnesota 

Mississippi. 

Missouri 

Montana 

Nebraska 

Nevada 

New Hampshire 

New Jersey 

New Mexico 

New York 

North Carolina 

North C&kota 

Ohio 

OklEihoma 

Pennsylvania 

Rhode Island 

South Carolina 

South Dakota 

Tennessee 

Texas 

Utah 

Vermonl, 

Virginia 

Washington 

West Virginia 

Wisconsin 

V^oming 

Other areas' 



See text for "Description of the Sample and Limitations of the Data" and "Explaiiation of Classifications 
^Includes data for "Other areas" described in footnote 5. 

^Estimate is not shown separately because of high sampling variability. However, the data are included 
^Estimate is not shown separately because a large proportion of the high income returns for the Wilmingt 
ample. Delaware data are^however, included in the national totals. 
^Includes data for the District of Columbia. 

'Returns of bona fide residents of Puerto Rico, whether U. S. citizens or aliens, and U. S. 
NOTE: Detail may not add to total because of roiinding. 



ing from the Statistics of Income 



liding in F^nama Canal Zone, Virgin Islands, 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



127 



Table 27.— RETIJB^S WITH SELF -EMPLOYMENT TAX— ADJUSTED GROSS INCOME AND SELF -EMPLOYMENT TAX, BY STATES 
[Taxable and nontaxable returns] 



States 


Number of 

with self- 
employment 
tax 


Adjusted 

income (less 
deficit) 
rrhouMnd 


Self- 

employment 

tax 

(Thou»*nd 

dotlara) 


States 


Number of 

with self- 
employment 
tax 


Adjusted 
gross 
income (less 
deficit) , 
(Thoutmd 
Oollata} 


Self- 
employment 
tax 
(Tt^md 
dclUrM) 


States 


Number of 

returns 
with self- 
employment 
tax 


Adjusted 

gross 

income (less 

deficit) 

(nouamnd 
dcllMf) 


Self- 
employment 

(Thoummnd 
dotUrm) 




(1) 


(2) 


(3) 




(1) 


(2) 


(3) 




(1) 


(2) 


(3) 




6,673,183 


42,939,001 


833,718 




91,014 
35,231 
100,928 
127,678 
227,433 

198,239 
71,567 

213,828 
41,280 

126,049 

11,428 
22,186 

132,737 
27, 745 

504,080 

198,891 
65,211 


549,098 
177, 333 
834,922 
954,578 
1,551,242 

925,596 
341,992 
1,138,346 
228,510 
652,343 

111,470 
135, 709 

1,396,644 
196,870 

4,235,874 

392,421 
284,033 


10,922 
4,287 
14,069 
18,385 
32,448 

23,568 
7,788 

25,582 
5,418 

16,776 

1,742 
3,001 

23,278 
3,971 

77,250 

20,507 
8,107 




307,563 
li6,346 

78,100 
345,019 

24,603 

71,010 
67,418 
149,104 
381,006 
29,983 

17,514 
121,833 
105,009 

44,254 
194,212 

16,246 
10,131 


2,042,466 
630,084 
552,329 

2,240,582 
155,159 

361,608 
288,954 
747,115 
2,412,951 
200, 284 














90,585 
6,281 
35,513 
84,491 
524,149 
32,764 
70,293 

167, 673 
121,049 

15,780 
41,512 
378,149 
187,631 
233,735 

146,532 
149,048 


483,034 

51,057 

282,204 

386,417 

4,662,521 

577,168 

593,913 

(') 

1,086,601 

662,488 

131,262 

219,351 

2,753,472 

1,107,267 

1,180,592 

838,971 
669,157 


9,977 

993 

5,237 

9,281 

82,284 

11,467 
11,205 

21,920 
14,272 

2,168 
5,126 
55,402 
24,439 
31,331 
19,411 
15,510 




Alabama 


Maryland^ 

Massachusetts 

Michigan 

Minnesota 

Mississippi 








Pennsylvania 

Rhode Island 

South Carolina .. 

South Dakota 
















Colorado 


7,976 




Montana 

Nebraska 












Georgia 








New Hampshire 

New Jersey 










799,290 

221,273 

1,011,043 

103,092 
21,772 






West Virginia 










New York 

North Carolina 

North Dakota 














Kentucky 


Other areas' 


1,633 



See text for "Description of the Sample and Limitations 
^Includes data for "Other areas" described in footnote 4. 
^Estimate is not shown separately because a large proportion of the high 
sample. Delaware data are, however, included in the national totals. 
^Includes data for the District of Columbia. 
'Returns of bona fide residents of Puerto Rico, whether U.S. citizens or 



the Data" and "Explanation of Classifications i 
for the Wilmingtoi 



" NOTE: Detail may not add to total because of rounding, 

e) District Office were missing from the Statistics of Income 



iding in Panama Canal Zone, Virgin Islands, 



Table 28.— RETURNS WITH ITEMIZED DEDUCTIONS— ADJUSTED GROSS INCOME, AND ITEMIZED DEDUCTIONS BY TYPE, BY STATES 



Itemised dedu 



Amount 
(Thauaand 



United State: 

Alabama 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

Florida 

Georgia 

Indiana :.. 

Kansas 

Kentucky 

Louisiana 

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 

Wyoming 

Other areas' 



212, 



,754 



.1,685,590 



25,143,206 



20,599,122 



10,281,0 



26,050,737 



13,051,518 



16,094,893 



359,424 
20,077 
214,608 
163, 338 
3,298,793 
304,748 
393, 117 

(') 
835,994 
433,546 
74,460 
73,708 
1,461,373 
433,991 
365,742 
283,171 
267,353 
309,270 
113,115 
593,313 
365,339 
1,197,409 
513,152 
203,614 
611,231 
63,068 
141,693 
48,640 
69,7«3 
1,147,262 
111,054 
3,524,191 
571,113 
75,777 
1,303,862 

336,166 
266,720 
1,645,179 
123,714 
253,311 

67,903 
427,577 
1,072,486 
147,644 
46, 372 



493,951 
34,327 
31,255 



2,499,673 
203,331 
1,694,783 
1,032,027 
28,484,753 
2,431,006 
3,747,581 

(=) 

5,831,682 

3,211,543 

706,857 

524,696 

13,030,541 

3,663,101 

2,542,943 

2,227,304 

2,013,196 

2,252,327 

703,355 

5,316,769 

7,048,731 
9,929,162 
3,905,727 
1,255,334 
4,750,239 

449,918 
1,024,134 

463,621 

506,737 
9,647,003 

821,789 
30,070,577 
3,322,161 

473,430 
10,691,940 
2,287,145 
2,051,299 
12,490,716 

929,654 
1,679,588 

413,110 
3,015,831 
8,356,133 
1,099,171 

316,053 
3,717,132 
3,491,631 

749,153 
3,977,826 

274 , 023 

251,193 



487,235 
35,986 
351,584 

207,603 
6,024,487 



135,903 
97,236 
2,403,817 
622,660 
465,193 
410,370 
381,861 
429,782 
137,129 
970,997 

1,360,707 
1,772,966 
805,376 
267,019 
887,552 
32,190 
136,732 
92,761 
90,043 
1,327,829 

157,275 
6,358,349 

774,089 

90,711 

1,957,746 

462,708 

398,958 
2,373,401 

173,882 

309,936 
80,933 

574,974 
1,564,230 

220,797 
62,600 

693,985 
629,284 
137,694 
763,992 
47,220 
53, 126 



343,593 
18,974 
193,291 
150,402 
3,135,786 

283,099 

336,443 

(') 

785,793 

402,644 

71,887 
62,767 
1,395,265 
339, 233 
350,949 

265,890 
244,319 
287, 330 
106, 330 
575,429 

844,039 

1,146,665 
497,093 
193,571 
580,439 
56,321 
130,940 
45,304 
64,699 

1,113,792 
103,278 

3,454,942 
547,324 
72,558 

1,245,027 
312,104 
230,079 

1,597,384 
125,560 
247,291 

64,063 
396,326 
967,266 
136,411 

44,463 
434,487 
380,510 

36,443 
463,840 

30,416 

27,342 



101, 169 
5,568 
48,062 
47,120 

792,923 



12,542 

13,503 
447,729 
120,095 
82,174 
75,753 
73,518 
85,557 
20, 193 
172,400 
233,400 
311,377 
138,169 
60,520 
171,324 

12,322 
37,004 
10,902 
13,214 

371,868 

25,707 

1,213,461 

171,392 
13,011 

352,241 

92, 702 
53,795 

494,210 
33,375 
73,351 
15,393 

135,112 

329,608 
47,293 
10,573 

141,899 
39, 719 
26,313 

120,473 
7,562 
16, 831 



296,710 
16,458 
138,025 
131,372 
2,765,633 



63,493 
56,119 
1,078,368 
355,411 
245,356 
212,181 
200, 957 
261,297 
36,903 
479, 625 

692,799 
933,543 
331,241 
153,644 
456,543 
44,718 
99,251 
41,550 
55,875 
875,101 
97,309 
2,401,657 
433,583 
45,651 
1,043,600 
270,074 
211,778 
1,255,292 
99,335 
199,025 
43,454 
345,062 
892,263 
119,223 
34,045 

377,542 
362,342 
75,624 
343,574 
26,372 
13,423 



126,919 

10,022 

107,015 

46,761 

1,665,809 

136,377 
174,419 
(") 

401,303 
170,504 
50,353 
23, 203 
588,373 
200,742 
116,378 
99,315 
99,736 
136,561 
30,527 
260,360 
275,257 
487,336 
189,120 
55,150 
215,755 

19,615 
52,529 
28,723 
26,144 
403,942 

50,472 

1,022,661 

166,863 

19,639 
590,801 
114,535 
103, 746 
515,107 

37,878 

70,704 

16,594 
143,530 
476,613 
67,701 
12,013 
203,526 
200,204 
39,660 
163,324 
16,635 
13,175 



355,285 
19, 376 
212,533 
160,883 
3,256,963 



74,260 
71,749 
1,441,618 
428,615 
358,816 

282, 130 
252,848 
'301,423 
111,591 
584,111 

852,915 
1,194,415 
499,144 
201,417 
502, 241 

59,202 
127,277 
47,412 
68,437 



1,297,008 
331,813 
253,103 
1,631,466 
127,167 
252, 322 

64,579 

422, 803 

1,042,325 

145,513 

45,572 
451,509 
423,128 

96,787 
485,513 

33,414 

23, 139 



139,956 
12,074 
107,766 
57,853 
1,901,910 



49,360 
25,463 
747,475 
173,196 

148,303 

134,482 
122,210 
79,775 
49,122 
325,390 
549,877 
624,442 
264,479 
74,297 
278,297 
22,463 
47,065 
20,709 
29,086 
554,691 

37,592 

2,147,537 

250,036 

26, 273 
574,923 
125,359 
135,759 
805,296 

63,471 

37,824 

24,257 
149,109 
320,407 

64,191 

26, 308 
183,967 
138,952 

35,364 
344,240 

11,146 
9,785 



210,849 

9,514 

140, 343 

96,623 

2,055,244 

202,496 
225,786 
(2) 



32,741 
45,977 
849,740 
217,525 
228,934 
190, 759 
143,555 
131,718 
65,137 
303,224 
505,143 
641,170 
372,817 
135,712 
347,187 
42,144 
91,007 
25,578 
41,446 
688,175 
68,405 
2,512,182 
346,642 
58,995 
735,840 
227,113 
152,190 
907,957 
63, 256 
142,026 
47,673 
243,332 
661,382 
73,301 
29,493 
260,552 
249,011 
53,331 
280,121 
20,996 
12,401 



65,143 
3,523 
52,913 
29,375 

339,053 
73,999 
93,552 

(') 

217,979 

100, 112 
12,706 
15,803 

362,564 
72,100 
73,595 
64,450 
47,366 
57,523 
21,444 

110,324 

180,709 

139,102 

124,192 
46,084 

127,730 
15 , 724 
34,040 
16,681 
14,652 

262,331 

23,504 

1,097,801 

101,635 
17,409 

248,310 
82,625 
55,008 

322,267 
22,358 
41,023 
17,438 
77,703 

249,904 
24,501 
7,629 

94,659 
82,358 
20,319 
33,245 
7,576 
4,379 



,749,967 



53,045 
4,801 
35,828 
25, 998 
774,804 



10,947 
9,308 

257,551 
56,525 
44,235 
35,863 
39,023 
50,264 
15,842 

102,023 



11,559 
16, 143 
15,749 
6,946 

235,006 
19,994 

876,883 
83,663 
9,372 

191,443 
47,471 
49,637 

236,505 
16, 301 
32,031 
7,244 
59,521 

187,684 
17,113 
5,071 
69,911 
63,077 
15,536 
52,207 
4,300 
13,460 



See text for ' "Description of the Sample and Limitations of the Data" and "Explanation of Classificat: 
^Includes data for "Other areas" described in footnote 4. 
Estimate is not shown separately because a large proportion of the high 
sample. Delaware data are, however, included in the national totals, 
■'includes data for the District of Columbia. 
'Returns of bona fide residents of Puerto Rico, whether U.S. 



NOTE: Detail may i 



for the Wilmington (Delaware) Dis 



dd to total because of rounding, 
from the Statistics of Income 



Panama Canal Zone, Virgin Islands 



128 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



-DEDUCTION FOR TAXES BY TYPES OF TAX AND BY STATES 
[Taxable and nontaxable returns) 



Taxes deducted 



Ajnount of 
deduction 

dotlmrm) 



AmDunt of 
deduction 



State incoroe taxes 



Airount of 

deduction 

(Thoutmtd 

dotUrM) 



AjTDunt of 
deduction 



United States 

Alabama 

Alaska 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

Florida 

Illinois 

Indiana 

Kentucky 

Maine 

Maryland^ 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

New Hanpshire 

New Jersey 

New Mexico 

New York 

North Carol ina 

North Dakota 

Ohio 

Oklahoma 

Oregon 

Pennsylvania 

Rhode Island 

South Carol ina 

South Dakota 

Utah 

VerrtDnt 

Virginia 

Washington 

West Virginia 

Wyoming 

Other areas' 



26,050,737 



13,051,518 



18,^35,346 



21,875,668 



12,865,159 



355,285 
19,876 
212,538 
160,883 
3,256,963 

302,439 
393,284 

(') 
825,548 
426,444 

74,260 
71 ,749 
1,441,618 
428,615 
358,816 

282,180 
262,848 
301,423 
111,591 
584,111 

852,915 
1,194,415 
499,144 
201 ,417 
602,241 

59,202 
127,277 
47,412 
68,437 
1,115,945 

110,183 
3,477,255 

565,878 

73,082 

1,297,003 

331,818 
258,103 
1,631,466 
127,167 
252,322 

64,679 

422,803 

1,042,326 

145,513 

45,672 

451,500 
423,123 
9ti,787 
485,513 
33,414 
23,139 



139,956 
12,074 

lCf7,766 

57,853 

1,901,910 

164,901 
224,666 

291,571 
174,621 

49,360 
25,463 
747,475 
173,196 
148,303 

134,482 
122,210 
79,775 
49,122 
325,390 

549,877 
624,442 
264,479 
74,297 
278,297 

22,468 
47,065 
20,709 
29,036 
554,691 

37,592 

2,147,537 

250,036 

26,278 
574,923 

125,369 
136,769 
805,296 
63,471 
87,824 

24,257 

149,109 
320,407 
64,191 
26,308 

183,967 
188,952 

35,364 
344,240 

11,146 
9.785 



225,253 

11,766 

156,266 

100,010 

2,142,566 

220,706 
335,142 

(') 
541,160 
327,590 

53,952 
49,602 
1,048,056 
351,434 
248,953 

213,291 
192,557 
143,281 
83,718 
459,454 

652,874 
993,726 
386,411 
123,742 
445,148 

40,621 
102,740 
31,456 
58,899 
832,480 

73,062 

1,812,260 

426,734 

40,483 
1,053,715 

168,492 
194,632 
1,291,023 
100,981 
185,835 

44,457 
300,463 
782,877 
102,215 

34,953 

340,204 
344,593 

75,731 
405,647 

24,706 
9,443 



17,767 
2,617 
43,825 
10,887 
669,401 

57,970 
129,121 

102,755 
43,496 

9,970 
8,561 
354,134 
77,681 
55,391 

52,514 
27,539 
12,907 
19,646 
139,466 

267,562 
255,936 
116,872 
12,136 
97,127 

9,834 
28,515 

7,767 
17,859 
353,613 

9,737 
783,947 
55,239 



21,530 
51,459 
313,307 
29,969 
13,658 

12,478 
47,109 
159,475 
19,319 
9,434 

58,616 
57,028 
7,831 
144,793 
4,569 
2.813 



X8,751 
14,993 
202,972 
153,942 
3,161,374 



69,489 
20,424 
1,404,408 
58,206 
345,974 

273,888 
254,174 
292,352 

99,746 
537,088 

237,748 
1,170,135 
220,769 
194,331 
581,060 

21,281 
48,703 
45,815 
15,913 
496,806 

106,562 
2,785,921 

548,110 

67,778 

1,249,690 

315,414 
95,678 
1,531,339 
116,791 
248,191 

59,132 
412,731 
956,305 
140,849 

10,684 

114,515 
413,714 

93,025 
421,119 

31,920 
12,171 



46,606 
1,947 
35,271 
21,160 
510,9 

38,595 
42,393 

58,232 
54,548 

13,016 
1,520 
257,931 
4,183 
36,389 

34,255 
29,288 
40,842 
7,291 
48,668 

23,458 
245,799 
13,662 
28,494 
65,713 

1,322 
3,186 
6,045 
1,268 
37,063 

12,991 
234,569 

53,176 

5,584 

126,613 

29,810 
5,864 
183,581 
12,231 
28,767 

4,413 
47,493 
63,319 
22,318 



6,149 
93,158 
11,406 
26,088 
3,229 
1,231 



266,754 
16,606 

166,898 

73,573 

2,200,200 

247,184 
26,796 

32,031 
263,350 

65,164 
64,248 
58,251 
376,218 
257,772 

225,408 
215,412 
92,720 
1,449 
475,575 

728,480 
62,743 

446,663 
35,615 

479,011 

50,209 
6,706 
5,276 
15,079 
150,221 

91,503 
2,947,962 
484,429 
46,438 
75,164 

247,898 
228,754 
201,259 
11,862 
185,562 

2,876 
38,667 
41,860 
122,987 
39,252 

376,625 
27,894 
77,420 
455,792 
1,193 
6,465 



24,548 
4,902 
10,464 
11,238 
255,331 

41,255 
10,739 
i') 

4,658 
36,482 



18,257 
28,447 
10,401 



87,596 
6,612 
42,653 



1,117 
1,803 
33,414 



81,330 
3,681 
6,801 

19,443 
60,757 
20,321 



6,329 
3,665 
11,301 
7,552 

60,052 

3,134 

5,961 

137,433 



51,035 
2,608 
18,206 
14,568 
466,184 

27,066 
42,410 

125,924 
40,098 



5,148 
128,825 
48,689 
31,456 

29,448 
36,928 
15,628 
21,984 
54,245 

135,242 
116,484 
46,347 
27,052 
72,796 

4,847 
14,856 
5,765 
8,157 
130,625 

8,605 
308,516 
60,290 

7,229 
191,300 

54,576 
18,679 
288,094 
20,336 
23,310 

7,070 
48,176 
93,925 
11,256 

8,583 

59,141 
35,638 
10,170 
35,914 
3,175 
4,237 



See text for "Description of the Sanple and Limitations of the Data" and "Explanat 
^Includes data for "Other areas" described in footnote 4. 
^Estimate is not shown separately because a large proportion of the high 
;ajiiple. Delaware data are, however, included in the national totals. 
^Includes data for the District of Columbia. 
'^Returns of bona fide residents of Puerto Rico, whether U.S 
NOTE: Detail may not add to total because of rounding. 



of Classifications and Terras." 
for the Wilmington (Delaware) Di 



I Statistics of Income 



itizens 



siding in Panama Canal Zone, Virgin Islands, or abroad. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



129 



Table 30.— NUMBER Of RETURNS AND EXEMPTIONS BY TYPE, BY STATES 

[Taxable and nontaxable retumsj 



Exemptions for— 



Number of 
personal 
exemptions 



Sons and daughters 



(10) 



United States 

Alaska 

Arizona 

Arkansas 

California.. . 

Colorado 

Eelaware 

Florida 

Georgia 

Illinois .'. 

Indiana , 

Kansas 

Kentucky , 

Maine 

Maryland 

Massachusetts 
Michigan 

Minnesota, . . . 
Mississippi. . 

Montana 

Nebraska 

Nevada 

New Hampshire 
New Jersey... 

New Mexico, . , 

New York 

North Carolini 
North E&kota. 
Ohio 

Oklahonia 

Oregon 

Pennsylvania. 
Rhode Island. 
South Carolini 

South Eakota. 
Tennessee .... 

Texas 

Utah 

Vemont 

Virginia 

Washington. . . 
West Virginia 

H/oming , 

Other areas*. 



179,823,838 



28,346,748 



66,500,704 



339,198 
63,299 
444,777 
434,080 
6,186,519 

651, 871 
1,007,534 

( = ) 
1,685,127 
1,096,984 

243,805 

217,343 

3,806,569 

1,590,890 

947,277 

746,554 
873,413 
856,931 
343,024 
1,619,915 

2,029,442 
2,612,414 
1,191,577 
447,586 
1,483,258 

229,443 
516,998 
137,051 
242,521 
2,386,667 

284,079 
6,629,260 
1,353,694 

209,068 
3,360,412 

747,105 
627,907 
4,021,286 
326,278 
629,877 

231,397 
1,090,583 

3,020,013 
306,711 
132,781 

1,320,568 

1,018,194 

524,214 

1,407,472 

116,361 

200,280 



2,556,793 
199,619 
1,348,555 
1,431,567 
17,514,892 

1,835,184 
2,768,094 

(") 
4,897,051 
3,242,957 

692,727 

662,707 

10,643,785 

4,698,631 

2,833,846 

2,263,814 
2,547,484 
2,687,728 
960,457 
4,471,546 

5,338,186 
7,880,463 
3,584,535 
1,408,667 
4,233,931 

669,988 

1,454,694 

377,882 

673,597 

6,653,192 

911,668 
17,741,353 
4,042,559 



2,122,657 
1,824,226 
11,320,854 
833,963 
1,890,143 

724,209 

3,177,711 

8,986,284 

967,206 

380,167 

3,726,020 
2,924,875 
1,531,071 
4,143,698 
333,188 
598,906 



1,403,126 
109,655 
730,107 
798,386 



1,807,723 

374,706 

356,385 

6,032,477 

2,609,458 

1,544,200 

1,233,634 
1,437,187 
1,424,384 
554, 640 
2,503,900 

3,108,874 
4,324,873 
1,911,498 
753,460 
2,399,655 

366,659 
820,974 
212,193 
386,288 
3,792,376 

466,506 
10,205,065 
2,195,832 

343,917 
5,515,367 

1,237,301 
1,035,249 
6,435,534 

504,628 
1,027,330 

379,783 

1,813,022 

4,980,263 

502,272 

206,578 



321,574 



46,566 

(=) 

33,309 
31,044 

515,236 

54,906 
99,110 

193,720 
69,192 

11,191 
20,793 
374,642 
155,419 
123,523 

90,690 
76,634 
48,468 
29,576 
125,482 

199,575 
201,657 
126,550 
29,490 
161,298 

28,002 
70,497 
8,027 
21,228 
212,802 



78,156 
26,445 
323,451 

63,610 
61,529 
323,067 
23,197 
27,269 

29,773 
72,570 
224,769 
19,570 
18,468 

87,046 
96,916 
39,115 
160,636 
13,018 
10,156 



55,176 

42,488 
41,509 
652,819 

70,692 
128,984 

(') 
258,952 

35,633 

13,370 
25,829 
433,396 
204,937 
163,703 

122,551 
95,819 
60,735 
35,531 

159,668 

250,463 
256,734 
161,463 
38,598 
207,477 

35,509 
93,793 
9,866 
26,348 
278,268 

24,392 
834,743 
101,305 



39,363 
81,461 
419,453 
39,734 
34,074 

41,150 
93,240 
283,763 
25,500 
22,449 

107,240 
121,775 
53,363 
214,560 
16,437 
13,044 



1,934 



(') 

16, zn 



6,326 

1,474 
(^) 



12,057 



6,433 

2,523 
2,111 



(") 



441,661 
35,539 
211,385 
240,502 
2,795,917 

305,336 
416,730 

761,874 
535,769 

110,362 
100,593 
1,616,046 
744,163 
426,064 

352,464 
420,060 
453,993 
151,844 
696,093 

793,062 
1,265,413 
546,216 
242,849 
661,561 

101,712 
209,205 
62,206 
109,996 
1,047,567 

143,509 

2,664,342 

689,545 

102,743 
1,557,846 

348, 837 
233,129 
1,783,802 
120,321 
313,595 

104,970 
527,282 
1,475,470 
153,031 
53,294 

609,973 
464,461 
257,967 
604,775 
51,619 
99,535 



989,353 
84,208 
520,106 
525,222 
6,514,853 

731,757 

973,922 

(^) 

1,703,133 

1,213,715 

276,343 

269,397 

3,841,543 

1,790,456 

1,079,038 

859,398 
938,535 

1,112,348 
349,743 

1,631,084 

1,363,223 
3,148,143 
1,441,504 
554,490 
1,531,605 

261,136 
515,367 
146,630 
256,195 
2,347,011 

388,137 
5,855,717 
1,534,951 

287,344 
3,730,340 

746,263 
681,645 
4,164,925 
271,634 
728,465 

285,369 

1,154,369 

3,413,353 

427,622 

143,913 

1,347,517 

1,110,309 

612,638 

1,593,478 

120,656 

244,420 



83,117 
3,652 
40,743 
51,169 
349,297 

23,215 



23,634 
7,143 
227,501 
70,145 
37,864 

31,057 
59,231 
63,844 
17,359 
136,684 

37,731 
122,216 
54,273 
43,408 
76,438 

5,727 
20,626 

7,737 
(") 
196,404 

23,153 
691,897 
143,413 
7,954 
154,796 

34,735 
21,578 
257,895 
14,993 
75,559 

13,467 
91,553 
219,513 
9,062 
6,595 

120,813 
31,716 
34,925 
47,097 
7,103 
15,174 



107,842 
3,868 
55,156 
65,614 

472,093 



27,671 
11,095 
280,043 
90,102 
45,331 

41,757 
74,645 
88,291 
20,541 
174,000 

106,042 
144,332 
67,760 
61,568 



5,936 
24,324 
9,192 

231,368 

31,913 
833, m 
209,321 
8,750 
194,525 

48,633 
23,317 
297,201 
17,387 
99,965 

17,606 
115,403 
297,466 



165,131 
38,521 
45,410 
55,746 
7,454 
19,231 



See text for "Itescription of the Sample and Limitatio.TS of tte Ebta" and "Explanation of Classifications and Terns." 
^Includes data for "Other areas" described in footnote 5. 

^Estimate is not shown separately because of high sampling variability. However, the data are included in the appropriate totals. 
^Estimate is not shown separatelv because a large proportion of the high income returns for the Wilmington (Efelaware) District Office 
sample. Itelaware data are, however, included in the national totals. 
Includes data for the District of Columbia. 
^Returns of bona fide residents of Puerto Rico, whether U.S. citizens or aliens, and U.S. citizens residing in Panama Canal Zone, Virgin Islands 
NOTK: Detail may not add to total because of rounding. 



ssing from the Statistics of In 



130 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES 



Adjusted gross 



Grand total 

Taxable returns, total 

Under $1, 000 

Si, 000 under i2, 000 

S2, 000 under S3, 000 

|3, 000 I nder Si, 000 

$i, 000 under $5, 000 

i5,000 under $6,000 

^6,000 under $7, 000 

S7,000 under S8, 000 

$8, 000 under S9, 000 

59, 000 under $10, 000 

SlO,000 under 411,000 

S11,000 under S12,0CO 

$12, 000 under S13, 000 

113,000 under il4, 000 

ilA, 000 under $15, OOO 

415, 000 under $20, 000 

S20,000 under 125,000 

S25, 000 under $50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000 

S150,000 under $200,000 

$200, 000 under $500, 000 

£500, 000 under $1, 000, 000 

il, 000, 000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

$1, 000 under $2, 000 

f2,O0O under $3,000 

^3, 000 under ii, 000 

^i, 000 under $5,000 '. 

^5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 

Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1, 000 

$1, 000 under $2, 000 

S2, 000' under S3, OOO 

S3, 000 under $4, 000 

$■;, 000 under $5,000 

p, 000 under $6, 000 

$5, 000 under $7,000 

^7,000 under $8,000 

^8, OOO under $9, 000 

$9,000 under $10, 000 

$10, 000 under $11, 000 

ill, 000 under SI2,000 

S12, 000 under $13, 000 

S13,000 under S14, 000 

$14, 000 under $15, 000 

$15, 000 under $20,000 

$20,000 under S25, 000 

S25, 000 under S50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000 

$150, 000 under $200, 000 

S20e, 000 under S50O, 000 

5500,000 under $1,000,000 

$1,000,000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

il, 000 under $2, 000 
2,000 under p,000 
3, 000 under Si, 000 
4,000 under $5,000 
5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 

Returns $10,000 or more 

Footnotes at end of table. See text for "Description of the ; 



633,353 
21,959 
66,796 
73,353 
32,891 
74,765 
77,929 
58, (X5 
52,843 
32,154 
23,409 

17,472 
10,662 
8,071 
5,318 
4,668 
9,001 
3,298 
4,673 



205,845 
5,012 

70,913 
55,631 
40,380 
22,730 
7,620 
3,559 

527,050 



5,244 
4,012 
4,073 
4,213 
3,672 
3,772 
3,082 
2,746 
1,791 
1,501 
1,718 
2,765 



10,423 
4,286 



33,629 
19,742 
14,928 



6,663 
32,299 
47,877 
52,892 
62,143 
50,203 
48,179 
29,971 
20,928 
16,193 
10,438 
7,697 
5,133 
4,597 



108,025 
3,973 

20,337 
28,510 
27,573 
17,364 
7,240 
2,973 

244,783 
214,265 

61,5(X 



18,420 
100,406 
197,491 
286,914 
335,349 

428,978 
377,099 
392,005 
272,255 
220,904 
183,140 
121,954 
100,870 
71,835 
67,363 
153,065 
72,690 
156,234 
57,169 
12,372 
5,599 
5,591 
3,560 



^325,973 
'21,225 

35,993 
77,890 
99,945 
76,506 
33,947 
22,912 

^1,241,641 
1,711,683 
1,013,912 



21,959 
84,342 
161,332 
216,463 
246,346 

277,432 
212,305 
195,217 



63,699 
38,060 
28,158 
19,426 
13,145 
33,353 
12,721 
13,860 
3,467 



703,601 
14,902 
127,111 
172,827 
182,373 
124,517 
53,304 
28,067 



21,959 
33,157 
153,389 
213,117 
241,326 
274,964 
209,563 
192,843 



62,735 
37,401 
27,365 
19,180 
17,810 
32,597 
12,391 
18,234 
3,261 



13,350 
U9,972 
162,044 
176,524 
123,693 
52,710 
27,877 



1,406,476 1,366,241 

913,383 902,150 

236,929 232,432 



633,353 
21,959 
66,796 
78,353 
32,891 
74,765 
77,929 
58,045 
52,343 
32,154 
23,409 

17,472 
10,662 
8,071 
5,318 



9,001 
3,293 
4,673 



326,924 
244,760 
64,254 



3,203 
36,894 
72,498 



189,409 
186,300 
207,212 
154,410 
139,0U 
115,190 
80,392 
67,904 
49,056 
46,346 
109,639 
55,321 
123,632 
46,333 
10,206 

4,740 
4,299 
3,040 



364,285 
878,144 
717,131 



36,001 

(') 

(*) 
1,751 
2,842 

3,137 



2,710 
2,543 
1,423 
1,397 
1,620 
2,633 



3,833 



13,379 
14,033 
13,641 



424,294 

(') 
10,918 
10,676 
16,304 
23,267 
21,633 
26,435 
31,095 
31,194 
36,163 

32,372 
31,499 
22,428 
20,278 
24,953 
46,779 
13,312 
13,998 
3,640 



'11,427 
1,602 



'73,896 
146, 570 
215,255 



199,619 



165,700 

(') 

8,847 
«,550 
11,457 
16,983 
12,733 
11,824 
14,239 
12,901 
10,003 
U,269 
10,612 
6,016 
6,111 
6,394 

10,287 

3,263 

1,854 

248 



33,919 
6,432 



81,249 
61,305 
56,565 



12,788 
11,824 
14,239 
12,901 
9,801 
11,202 
10,547 
5,984 
6,111 
6,860 



32,503 
5,469 



79,833 
61,603 
56,296 



3,772 
3,082 
2,746 
1,791 
1,501 
1,718 
2,765 
853 
411 



23,503 
19,742 
14,928 



10,156 
11,335 
14,976 
17,775 
C) 

26,175 

21,352 
20,950 
15,330 
13,754 
17,810 
34,602 
14,3 
11,251 
3,Cki8 



26,421 
89,625 

153,870 



and lojnitations of the Data" and "Explanation of Classifications and Ten 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Tabic 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME. AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



131 



Adjusted gross 



Number of 



Amount 



Grand total 

Taxable returns, total 

Under $1, 000 

4l, 000 under i2, 000 

S2, 000 under S3, 000 

S3, 000 under S4, OOO 

$-1,000 under $5,000 

$5, 000 under $6, 000 

$6,000 under $7,000 

p, 000 under S8, OOO 

$8, 000 under 59, 000 

$9, 000 under $10, 000 

SlO, 000 under ill, 000 

$11, 000 under S12, 000 

il2, 000 under S13, 000 
13, 000 under SU, 000 
14, 000 under $15, 000 

Sl5, 000 under $20, 000 

$20, 000 under $25, 000 

125, 000 under $50, 000 

$50, 000 under $100, OOO 

SlOO, OOO under $150, 000 

S150, 000 under $200, 000 

£200,000 under $500,000 

$500, 000 under $1, 000, 000 

$1, 000, 000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

$1, 000 under $2, 000 

^2, 000 under S3, 000 

il3, 000 under i-i, 000 

$4, 000 under $5, 000 

»5, 000 or more 

Returns under $5,000 

Returns $5, 000 under $10, 000 

Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1, 000 

$1, 000 under $2, 000 

$2, 000* under S3, 000 

$3, 000 under $4, 000 

$4, 000 under $5, 000 

;p5,000 under $6,000 

S6, 000 under 57, 000 

1^7, 000 under S8, 000 

$8, 000 under S9, 000 

$9, 000 under IplO, 000 

$10, 000 under $11, 000 

$11, 000 under $12, 000 

$12, 000 under $13, 000 

$13,000 imder S14,000 

$14, 000 under $15, 000 

4l5, 000 inder $20, 000 

$20,000 under $25,000 

$25,000 under £50,000 

$50, 000 under $100, OOO 

$100, 000 under $150, 000 

$150, 000 under $200, 000 

£200, 000 under $500, 000 

£500, 000 under $1, 000, 000 

$1, 000, 000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

$1, 000 under $2, 000 

$2, 000 under S3, 000 

£3, 000 under £4, 000 

14, OOO under $5, 000 

$5, 000 or more 

Returns under $5, 000 

Returns $5, 000 under $10, 000 

Returns $10, 000 or more 

Footnotes at end of table. See text for "Description of the Sampli 



353,219 
7,439 
32,123 
31,719 

35,097 
43,967 
44,381 
32,540 
34,896 
23,205 
16,649 

13,142 
9,297 
6,031 
4,365 
3,931 
7,360 
2,634 
3,416 



91,558 
4,148 
42,638 
17,984 
12,085 
6,497 



237,189 
156,234 
51,354 



3,963 
2,741 
2,146 

1,920 



5,049 
8,917 
14,997 
31,194 
36,740 
25,122 
31,497 
22,410 
15,954 
12,575 



6,727 
2,401 
3,168 



45,106 
3,227 

8,066 
10,4&4 
8,782 
6,397 



100,585 
136, 2S6 
48,344 



6,195 
47,637 
73,323 
120,456 
196,420 

245,044 
208,430 
261,267 
197,294 
156,702 

137,587 
106, 584 
75,191 
58,851 
57,068 

125,899 
58,535 
115,184 
57,197 
14,143 
5,180 
6,818 
6,361 



'13,584 
19,013 
26,682 
30,002 
22,209 

28,899 



1,070,235 
7,439 
41,326 
52,703 
77,072 
128,219 

157,592 
119,094 
134,596 
91,869 
67,677 

50,411 
34,489 
23,458 
16,795 
14,358 
25,542 

9,498 
13,929 

3,494 



278,320 
12,545 
63 , 180 
55,904 
52 ,471 
34,391 



547,412 

607,904 
193,239 



1,305,371 



1,046,577 
7,439 
40,238 
51,021 
74,688 
122,577 
154,030 
116,598 
132,419 
91,668 
67,476 

49,911 
33,923 
22,825 
16,528 
14,025 



258,794 
12,144 

50,007 
47,784 
46,167 

33,001 

37,629 

517,128 
599,267 
188,976 



353,219 
7,439 
32,123 
31,719 
35,097 
43,967 

44,381 
32,540 
34,896 
23,205 
16,649 

13,142 
9,297 
6,031 



7,360 
2,634 
3,416 



152,329 

151,871 
51,276 



1,115 
17,082 
36,058 
54,299 
86,198 

105,168 
98,782 
133,352 

107,094 
87,860 

83,276 
68,108 
49,018 
40,150 
39,576 

92 ,473 
43,400 
90,330 
46,892 
11,401 

4,260 
5,740 
5,421 



196,350 
532,326 

580,671 



4,726 
21,674 
30,823 
42,296 
30,139 
26,222 
18,985 
14,931 
7,712 
5,409 
3,599 
2,543 
2,046 
1,722 
4,169 
1,653 
2,369 
496 



91,973 
3,314 
22,532 
28,217 
24,168 
9,923 
1,895 
1,824 

189,668 
99,630 
24,224 



12,313 
54,564 
124,830 
175,431 
234,313 
190,701 
182,941 
151,068 



45,502 
34,254 
23,966 
27,926 



^204, 517 
'15,243 
31,151 
55,503 
71,430 
38,422 



•'792,720 
742,691 
454,164 



939,388 
14,713 
47,069 
96,805 
136,223 
174,401 

120,348 
97,248 
73,450 
55,483 
29,295 



492,179 
12,652 

128,703 
134,753 
137,207 
58,079 
12,052 
8,733 
952,657 
384,089 
94,821 



922,745 
14,713 
46,375 
94,420 
133,291 
170,729 
119,251 
96,352 
72,062 
55,079 
29,194 

19,985 
13,481 
9,211 

3,090 
5,951 
15,544 
6,710 
9,214 
1,813 



11,441 
121,051 
125,712 
133,446 
55,126 
12,052 
7,649 

918,356 
379,219 
91,547 



335,443 
14,713 
36,609 
48,557 
50,193 
52,552 

34,872 
23,291 
20,272 
15,133 
8,406 
5,805 
3,963 
2,741 
2,146 
1,920 
4.399 



205,726 
107,277 
25,901 



961,428 
2,231 
19,574 
50,895 
68,399 
93,318 
90,045 
95,429 
83,869 
75,676 
49,882 
39,458 
30,302 
22,935 
19,674 
20,034 

55,558 
29,925 
69,283 
27,642 
5,307 



236,515 

395,632 
332,703 



and Limitations of the Data" and "Explanation of Cla 



132 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES- 



Adjusted gross income classes 



Grand total 

Taxable returns, total 

Under $1, 000 

|1, OOO under ^2, 000 

S2, 000 under |3, 000 

p, OOO I nder SA, 000 

$";, 000 under $5, 000 

^5, 000 under ft6, 000 

$6,000 under S7,000 

S7, 000 under S8, OOO 

$8,000 under S9,000 

59, 000 under $10, 000 

Sl0,000 under ill, OOO 

Sll,00O under 212,000 

$12,000 under $13,000 

$13, 000 under $14, 000 

$14, 000 under $15, 000 

Sl5, 000 under |20, 000 

$20,000 under $25,000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . . 

$150, 000 under $200, 000 

$200,000 under $500,000.... 
$500,000 under $1,000,000.. 
ll, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross inccme... 

Under $1,000 

$1, 000 under 42, 000 

^2, 000 under $3, 000 

$3, 000 under $4, 000 

$4, 000 under $5, 000 

.j5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

41,000 under $2,000 

$2, 000' under $3, 000 

$3, 000 under $4, OOO 

$4,000 under $5,000 

$5,000 under S6,00O 

$6, 000 under $7, 000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10, 000 under $11, 000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14, OOO under $15, 000 

Sl5, OOO inder $20, 000 

$20,000 under $25,000 

$25, 000 under $50, 000 

$50,000 under $100,000 

5100,000 under $150,000 

4150,000 under 4200,000 

$200, 000 under $500,000 

$500, 000 under $1, 000, 000. . 
$1,000,000 or more 

Nontaxable returns, total.... 

No adjusted gross Income. . . 

Unuer $1,000 , 

£l, 000 under 42, 000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



6,186,519 



5,109,057 
137,084 
394,943 
371,105 
459,240 
490,482 
555,555 
493,589 
468,335 



243,810 
182,088 
136,744 
94,212 
69,822 
161,114 
54,487 
63,076 
14,550 
1,781 

572 



28 
1,077,462 
47,366 
439,318 
226,433 
159,146 
101,535 
55,039 
43,575 

2,881,741 
2,274,291 
1,030,487 



527,879 
19,283 
40,234 
42,337 
61,310 
61,517 

67,514 
54,831 
42,915 
36,354 
26,114 
20,008 
14,042 
7,981 
7,265 
4,090 
U,068 
4,070 
5,671 
1,059 



5,049 
53,873 
24,595 
16,323 
13,119 
6,153 
4,830 
343,793 
232,404 
75,674 



18,238 
89,205 
159,148 
230,817 
335,509 
368,106 
387,761 
338,951 
291,518 
226,431 
171,001 
127,581 
88,770 
65,320 
U7,200 
48,373 
60,199 
12,801 



498,252 
31,067 
52,973 
117,429 
114,134 
84,701 
51,750 
46,148 

949,512 

1,766,244 

952,042 



37,950,862 

1U,864 

580,605 

933,727 

1,6U,294 

2,211,505 

3,048,245 

3,212,463 

3,511,790 



2,554,286 
2,089,461 
1,705,672 
1,268,915 
1,011,099 

2,724,752 

1,212,235 

2,248,930 

949,162 

213,153 

98,342 
178,068 
59,559 
58,254 

'1,664,669 
=169,987 
183,378 
333,282 
394,487 
343,354 
245,754 
329,401 

'6,795,263 
16,397,997 
16,422,271 



17,5U,892 16,845,794 



14,389,601 

137,084 

445,954 

617,164 

927,783 

1,209,308 

1,566,711 

1,590,354 

1,627,422 



876,390 
648,531 
484,075 
329,407 
249,736 
579,609 
200,426 
257,596 
54,232 
6,515 



3,125,291 
121,940 
630,077 
662,394 
625,247 
490,194 
239,815 
305,124 

6,157,460 
7,657,688 
3,699,744 



14,040,717 

137,084 

431,753 

590,699 

384,716 

1,164,977 

1,522,212 

1,562,156 

1,604,927 

1,371,417 

1,166,203 

864,914 

639,560 

476,433 

321,919 

244,219 

562,560 
191,920 
243,365 
49,946 
5,732 



72 

2,805,077 

11A,745 

582,383 
550,578 
543,173 
455,267 
269,105 
239,821 

5,724,485 
7,509,221 
3,612,033 



5,109,057 
137,084 
394,943 
371,105 
459,240 
490,482 

555,555 
493,539 
468,335 



243,810 
182,038 
136,744 
94,212 
69,822 



11,013 
16,738 
13,148 
9,291 
7,723 

1,903,099 
2,235,383 

1,028,543 



22,791,816 

20,695 

240,726 

425,006 

791,138 

1,104,019 

1,550,064 

1,671,608 

1,871,615 



1,576,066 

1,345,341 

1,135,143 

865,611 

699,410 

1,941,931 

903,369 

1,740,406 

751,059 

165,311 

75,375 

137,430 

49,354 

50,967 



4,015 
9,627 
11,432 
10,644 
16,296 

2,617,352 
8,733,882 
11,442,596 



2,196 
13,212 
24,601 
36,444 
47,548 
46,563 
33,971 
33,684 
23,946 



10,537 
3,805 
5,184 



16,110 
59,562 
105,966 
214,186 
276,355 
372,286 
355,436 
321,743 
307,671 
247,722 
210,141 
160,732 
99,289 
97,848 
59,228 



189,613 
69,886 
15,519 
5,492 
11,653 
4,716 
2,555 

'188,950 



=13,3 



5,381 


21,198 


15,653 


35,719 


14,149 


39,710 


10,942 


46,092 


6,153 


27,733 


4,351 


32,386 


133,081 


'328,743 


194,896 


1,634,127 


72,159 


1,207,409 



19,233 
45,196 
71,2CB 
127,390 
163,390 

210,345 
198,779 
158,796 
137,203 
87,803 

74,946 
50,339 
29,304 
25,898 



16,317 
21,641 
3,930 



379,621 
15,127 
76,969 
31,931 
63,101 
67,120 
39,775 
30,598 
780,991 
822,792 
281,401 



19,283 
43,521 
67,656 
121,525 
163,053 

207,475 
196,601 
156,216 
133,164 
86,909 

73,323 
49,594 
23,509 
25,264 
13,378 
40,919 
16,180 
20,398 
3,606 
441 



346,132 
14,424 
71,001 
68,217 
60,140 
62,969 
39,374 
30,007 

731,163 
809,735 
273,027 



527,379 
19,283 
40,234 
42,337 
61,310 
61,517 
67,514 
54,831 
42,915 
36,354 



14,042 
7,981 
7,265 
4,090 

11,063 
4,070 
5,671 
1,059 



(') 
2,178 



228,947 
228,130 
75,538 



2,950 
24,962 
43,622 
105,907 
132,170 
136,067 
174,231 
167,951 
171,393 
156,473 
130,336 
105,286 
66,034 
66,649 
41,176 
133,035 
66,321 
151,016 
56,776 
12,952 

4,373 
9,340 
3,775 
2,443 



1,892 

1,023 

317,579 

856,366 

349,894 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



133 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross 



Grand total. 



Under $1, 000 

Si, 000 under *2, 000 

S2,000 under S3, 000 

S3,000 inder 54,000 

$4, 000 under $5, 000 

*5,000 under 46,000 

^6, 000 under S7, 000 

57,000 under £8,000 

$8,000 under 59,000 

$9, 000 ujider $10, 000 

SlO,000 under 411,000 

S11,000 under S12,000 

112,000 under S13,C00 

S13,000 under S14,000 

$14,000 under $15,000 

$15,000 under *20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150, 000 under $200, 000. . . 
$200,000 under $500,000... 
$500,000 under $1,000,000. 



No adjusted gross in 

Under $1,000 

$1,000 under $2,000. 
f2,000 under $3,000. 
$3,000 under $4,000. 

!?4.00n iinHoT- !,".5 OnO. 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Grand total. 



;, total. 

Under $1,000 

tl,000 under 42,000.. 
$2, 000' under $3, 000. . 
$3,000 under $4, OOO. . 
$4, 000 under $5, 000. . 



$5,000 under S6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8, 000 under $9, 000 

$9,000 under ^10,000 

$10, 000 under Sll, 000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $14,000 

$14, 000 under $15, 000 

$15, 000 under $20, 000 

$20, 000 under $25, 000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150, 000 under $200, 000 

$200,000 under $500,000 

$500, 000 under $1, 000, 000. 
$1,000,000 or more 



No adjusted gross ini 

Under $1,000 ,-. . 

$1,000 under $2,000. 
$2,000 under $3,000. 



LOGO 1 



,000. 



$4,000 under $5,000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Connecticut 



874,081 
26,491 
61,935 
70,3Ce 
84,857 
91,167 



39,169 
25,947 

17,605 
10,754 
8,814 

22,207 
9,458 
12,979 



70,814 
23,969 
17,839 
9,482 
6,339 
2,702 

465,510 



1,228,342 

39,865 
106,588 
141,085 
160,680 
163,832 

151,877 
109,477 
83,854 
"71,884 
42,202 
37,184 
25,333 
17,420 
12,015 
9,484 
25,693 
10,845 
15,150 
3,217 



16,849 
163,614 
114,276 
74,070 
55,026 
23,717 
9,233 
1,059,602 
467,801 
157,724 



1,492 
11,201 
23,239 
41,789 
63,223 
68,134 
76,092 
59,440 
44,113 

36,494 
24,389 
16,451 

10,177 
8,407 

20,376 
8,915 

11,914 
2,644 



48,626 
1,497 
6,244 
13,007 
13,008 
6,971 
5,233 
2,661 



1,347,894 
21,692 
91,122 
177,879 
294,883 
412,584 

567,024 
554,253 
641,408 
568,525 
446,743 

409,700 
297,131 
219,557 
144,900 
127,346 

377,259 
211,384 
437,281 
193,849 
55,127 
24,020 
44,211 
13,132 
16,834 



^4,741 

32,315 
33,691 
43,744 
32,531 
23,484 
22,874 

^1,164,184 
2,792,514 
2,580,094 



26,491 
68,766 
105,713 
156,493 
211,448 

318,755 
282,300 
301,699 
232,628 
166,675 

139,393 

88,088 
61,293 
37,789 
32,367 

85,564 
35,575 
51,212 
11,642 



351,313 
5,983 
98,065 
73,187 
65,066 
45,552 
43,149 
20,311 

899,913 
1,321,571 

546,610 



26,491 
64,528 
96,870 
141,818 
197,344 
306,871 
278,973 
297,142 
228,206 
163,354 

137,697 
86,257 
60,309 
37,213 
31,214 

82,376 

34,117 

48,731 

10,632 

1,504 

433 

462 

79 

44 

304,003 
5,677 
89,492 
56,578 
49,353 
40,102 
42,141 
20,160 



339,704 
388,762 

150,733 



26,491 


3,599 


61,935 


39,861 


70,309 


90,397 


34,857 


161,401 


91,167 


228,295 


103,197 


291,579 


85,485 


306,723 


85,832 


365,494 


67,104 


338,799 


47,042 


235,493 


39,169 


265,736 


25,947 


204,363 


17,605 


152,953 


10,754 


101,094 


8,814 


90,920 


22,207 


272,798 


9,458 


160,533 


12,979 


348,790 


2,944 


159,033 


458 


45,537 


141 


19,436 


155 


35,037 


21 


9,191 


10 


15,241 



11,275 
48,193 
84,888 
106,563 

117,910 
89,764 
76,693 
65,871 
39,425 
35,275 
23,460 
16,252 
11,092 
8,362 

23,670 
9,753 
13,852 



234,621 
9,811 
32,723 
63,658 
57,356 
44,290 
13,947 
7,836 
477,704 
396,812 
145,854 



^8,480,446 



7,762,829 
32,891 
162,290 
361,288 
567,123 
734,558 

832,329 
708,413 
627,691 
609,771 
400,552 
389,003 
290,812 
217,428 
161,878 
137,181 
438,226 
240,728 
500,336 
208,967 
43,675 
21,407 
36,679 
18,815 
20,783 



39,865 

131,078 
275,317 
388,193 
474,612 

503,111 
390,171 
307,361 
267,949 
153,261 
134,799 
87,327 
64,687 
42,443 
33,520 
97,686 
42,549 
57,414 
12,465 
1,371 

470 



3,400,956 
39,865 
127,064 
264,619 
368,700 
457,987 

499,392 
379,425 
302,521 
260,103 
151,117 
131,757 
84,106 
62,445 
41,555 
32,127 
91,690 
40,150 
52,946 
11,320 
1,191 

400 



37,339 
234,057 
263,273 
265,015 
246,162 
134,473 
49,607 
2,443,554 
1,639,381 
552,947 



39,865 
106,583 
141,035 
160,630 
163,832 



83,854 
71,884 
42,202 
37,184 
25,333 
17,420 
12,015 

9,484 
25,693 
10,845 
15,150 

3,217 



2,458 
4,844 
7,260 
C) 
1,234 

629,804 
460,365 
157,161 



5,620 
59,948 
138,281 
231,909 
308,137 

367,685 
339,312 
320,778 
342,606 
241,913 
242,669 
191,221 
143,242 
112,209 
96,403 
309,245 
176,629 
391,924 
169,352 
35,170 
17,019 
29,194 
15,346 
17, 660 



755,315 
1,614,391 
1,948,320 



end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifi 



134 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Co 



Adjusted gross income cla 



Amouiit 
(IViuaanrf 



Grand total 

Taxable returns, total 

Under $1,000 

&1, 000 under 1^2,000 

S2, 000 under $3, 000 

23, 000 I nder 24, 000 

?4, 000 under $5, 000 

S5,000 under ^6,000 

^6,000 under S7,000 

^7,000 under £8, 000 

$8,000 under 89,000 

$9, 000 under $10, 000 

$10, 000 under fill, 000 

$11, 000 under $12, 000 

$12,000 under $13,000 

$13,000 under $li,000 

$14, 000 under $15, 000 

$15, 000 under S20, 000 

$20, 000 under $25, 000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$100,000 under $150,000 

S150, 000 under $200, 000 

$200, 000 under $500, 000 

$500, 000 under $1, 000, 000. . 
Jl, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross income. . . 

Under $1,000 

SI, 000 under $2,000 

^2,000 under £3,000 

'^2f 000 under $4, 000 

$4, 000 under «5, 000 

v5, 000 or more 

Returns under $5, 000 

Returns $5,000 under ^10,000. 
Returns $10,000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

$1, 000 under S2, 000 

|2,0O0'under 53,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5, 000 under $6, 000 

$6, 000 under ^.7, 000 

^7,000 under S8,000 

$8, 000 under $9, 000 

$9, 000 under $10, 000 

^10, 000 under $11, 000 

ill, 000 under $12, 000 

$12, OOO under $13, 000 

$13,000 under S14,000 

$14, 000 under $15, 000 

$15, 000 vnder $20, 000 

$20,000 under li25,000 

^25, 000 under $50, 000 

^50,000 under $100,000 

VJOO, 000 under $150, 000 

il50,000 under ^200,000 

SSeO,000 under $500,000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total. . . . 
No adjusted gross income. . . 

Under $1, 000 * 

$1,000 under $2,000 

$2, 000 under S3, 000 

$3, 000 under $4, 000 

$4,000 under $5,000 

$5,000 or more 

Retu ms under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



1,096,984 


655,097 


^5,315,601 


3,242,957 


3,156,130 


822,501 


2,730,241 


616,357 


818,252 


522,192 


4,911,733 


2,354,155 


2,311,648 


818,252 


2,727,217 


616,357 


20,905 
74,667 
112,135 
107,850 
106,089 


9,434 
44,507 
54,283 
63,275 


17,189 
113,578 
286,231 
375,949 

475,051 


20,905 
94,653 
214,647 
274,310 
333,584 


20,905 
93,369 
208,869 
269,234 
333,671 


20,905 
74,667 
112,135 
107,850 
106,089 


2,872 
41,112 
118,812 
156,820 
194,829 


575 
3,211 
23,603 
31,260 
39,169 


90,362 
83,624 
58,582 
38,244 
31,857 


72,135 
67,078 
51,769 
35,763 
30,289 


495,319 
540,056 
435,926 
327,048 
300,593 


315,525 

290,772 
210,111 
137,262 
109,780 


311,113 
285,563 
207,169 
135,539 
106,240 


90,362 
83,624 
58,582 
38,244 
31,857 


223,950 
230, 789 
241,930 
190,486 
181,642 


45,106 
56,916 
49,001 
39,125 
37,271 


23,722 
14,888 
10,330 
8,629 
5,460 


22,867 
13,927 
9,734 
8,308 
5,210 


248,126 
170,564 
128,707 
116,051 
78,795 


85,503 
53,663 
38,614 
30,781 
20,127 


84,794 
52,343 
37,684 
30,280 
19,556 


23,722 
14,833 
10,330 
8,629 
5,460 


157,018 
112,673 
85,449 
79,428 
53,886 


32,713 
23,760 
18,238 
17,258 
11,867 


15,101 
6,443 
7,512 
1,572 
177 


14,148 
5,980 
6,814 
1,440 
158 


255,798 
143,303 
256,754 
102,174 
21,324 


57,174 
24,841 
29,675 
6,227 
676 


55,424 
23,775 
28,343 
5,846 
612 


15,111 
6,443 
7,512 
1,572 

177 


183,789 
105,348 
199,286 
81,741 
16,417 


42,407 
26,320 
61,156 
33,569 
8,168 


54 
35 
2 
2 


41 
29 
2 

1 


9,257 
8,813 
1,312 
3,759 


179 

120 

9 

7 


150 

100 

7 

7 


54 
35 
2 

2 


7,464 
7,380 
1,164 
2,927 


4,117 

4,174 

812 

1,561 


278,732 


132,905 


^403,863 


383,802 


844,482 


4,249 


3,024 


- 


9,547 


6,338 


=32,232 


24,629 


23,065 


- 


- 


- 


110,866 
70,020 
45,159 
28,542 
10,129 
4,469 


22,258 
39,694 
31,146 
21,596 
7,397 
3,976 


50,296 
103,843 
111,157 
98,623 
45,069 
27,157 


187,398 
217,987 
205,130 
164,489 
59,350 
29,319 


174,633 
201,339 
197,979 
160,363 
57,871 
29,222 


\ 4,249 


3,024 


{ : 


695,909 

306,880 
94,195 


305,423 
260,752 

88,917 


^1,644,754 
2,122,535 

1,548,312 


1,802,082 

1,092,313 

343,562 


1,741,803 

1,073,947 

340,375 


425,194 
303,259 
94,048 


516,220 
1,119,395 
1,094,626 


102,318 
227,419 
286,120 


Hawaii 


243,305 


129,917 


^1,323,945 


692,727 


679,227 


203,732 


738,970 


166,540 


202,123 


114,640 


1,273,329 


582,097 


577,952 


202,123 


738,214 


166,540 


8,657 
24, 660 
18,182 
26,723 
13,913 


1,035 
3,932 
3,962 

3,490 


7,233 
35,130 
45,138 
95,296 
84,496 


8,657 
26,728 
26,435 
54,292 
50,380 


8,657 
26,723 
25,343 
53,600 
49,687 


8,657 
24,660 
18,132 
26,723 
18,913 


1,312 
15,239 
24,333 
50,823 
43,371 


270 
3,051 
4,931 
10,091 
8,717 


20,208 
16,556 
14,101 
14,931 
9,571 


14,597 
13,907 
12,840 
13,014 
9,571 


109,754 
108,143 
105,968 
126,022 
91,253 


70,195 
67,946 
59,816 
59,923 
39,478 


69,693 
67,846 
59,816 
59,923 
39,378 


20,208 
16,556 
14,101 
14,981 
9,571 


50,439 
52,233 
55,423 
70,337 
54,398 


10,334 
10,619 
11,320 
14, 595 
11,212 


7,310 
5,169 
3,713 
2,5C9 
1,856 


7,612 
5,004 
3,581 
2,409 
1,690 


81,384 
59,336 
46,447 
33,363 
26,377 


32,497 
20,433 
15,639 
10,256 
6,862 


32,364 
20,251 
15,524 
9,991 
6,329 


7,310 
5,169 
3,713 
2,509 
1,856 


49,350 
38,435 
30,343 
22,481 
18,317 


10,271 
8,094 
6,409 
4,853 
4,141 


4,666 
1,426 
2,033 

316 
39 


4,400 

1,327 

1,874 

286 

33 


80,019 
31,534 
68,603 
20,129 
4,473 


17,613 
5,407 
7,860 
1,321 
133 


17,381 
5,341 
7,621 
1,256 

117 


4,666 

1,426 

2,033 

316 

39 


57,600 
22,449 
52,618 
15,710 
3,439 


13,379 
5,538 

15,930 
6,277 
1,599 


14 
16 
3 

1 


10 
12 
3 
1 


2,411 
4,725 
2,447 
2,038 


51 
57 
10 
3 


43 

45 

10 
8 


14 
16 
3 

1 


1,356 
3,354 
2,329 
1,865 


951 
1,856 
1,157 

945 


41,682 


15,277 


^55,616 


110,630 


101,275 


C) 


C) 


- 


23,111 
7,272 
4,345 


4,526 
3,261 


9,900 
10,636 
10,603 


29,149 
23,996 
19,263 


27,273 
19,871 
17,385 


I (') 


: 


f ^ 


\ 6,263 


5,280 


25,194 


36,361 


34,385 


f " 




V - 


137,767 
76,401 
29,637 


37,188 
64,421 
28,308 


547^327 
465,599 


271,636 
302,279 
113,812 


260,796 
301,035 
117,346 


98,711 
75,417 
29,604 


135,701 
282,935 
320,334 


27,060 
58,030 
31,400 



Footnotes j 



. end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Cla 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



135 



Adjusted gross income classes 



Amount 



Grand total. 



Taxable returns, total.. 
Under $1, 000 

^1,000 under ^2,000... 
S2,000 under S3,000. .. 
|3, 000 vnder S4, 000. . . 
$^,000 under $5,000... 
^5,000 under ^6,000... 
^6,000 under S7,000... 
S7,000 under S8, 000... 
^SjOOO under S9, 000. . . 
J9,000 under $10,000.. 
.410,000 under 411,000. 
$11,000 under 212,000. 
S12,000 under iu,000. 
113,000 under iK,000. 
$li,000 under $15,000. 



415,000 under $20,000 

420,000 under $25,000 

S25, 000 under £50, 000 

$50, 000 under $100, OOO 

.$100, 000 under $150, 000 

SilSO, 000 under $200, 000 

S200, 000 under $500, 000. .. , 
$500,000 under $1,000,000., 
Jl, 000, OOO or more 



No adjusted gross ini 

Under $1, 000 

$1,000 under $2,000., 
^2,000 under S3, 000., 
^3j 000 under y4, 000. , 
^4,000 under $5,000., 



Returns under $5,000 

Returns ^5,000 under $10,000. 
Returns $10,000 or more 



Grand total 

taxable returns, total.... 

Under $1,000 

$1, 000 under $2, 000 

$2, 000" under $3,000 

£3, 000 under a4, 000 

■$4, 000 under $5, 000 

$5,000 under $6,000 

|6, 000 under $7, 000 

f7f 000 under $8, 000 

$8, 000 under $9, 000 

$9,000 under $10,000 

$10, 000 under $11, 000 

ill, 000 under $12,000... 
£12, 000 under $13, 000. . . 
£13,000 luider S14,000... 

$14,000 under $15, 000 

$15,000 under $20,000 

$20, 000 under $25, 000 

$25,000 under £50,000... 
$50,000 under $100,000.. 
$100, 000 under $150, 000. 



Nontaxable returns, total.... 

No adjusted gross income. . . 

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 or more 

Returns under $5, OOO 

Returns $5, 000 under $10, 000. 
Returns $10, 000 or more 



163,111 

4,958 
23,767 
17,044 
19,426 
17 , 580 
18,686 
14,271 
10,304 
13,787 
7,731 
4,350 
3,324 
1,840 
1,153 



54,232 
3,788 
22 , 500 



135,187 
66,371 
15,785 



87,154 
225,551 
258,735 
283,041 
359,187 
389,027 
344,525 
280,996 
229,093 
187,358 
145,850 



30,863 
6C,436 
28,002 
38,395 
10,000 
1,247 
404 



19,855 
312,421 
134,710 
72,725 
43,014 
19,229 
24,504 

1,815,622 

1,454,761 

536,186 



15,820 
13,479 
9,511 
13,194 
7,631 
4,120 
3,160 
1,675 
1,121 



3,680 
5,773 
7,451 
7,053 



62,869 
61,227 
14,852 



4,278 
34,814 
42,920 
67,816 



92 , 516 

77,290 
118,232 
72,812 
45,506 
38,069 
23,070 
15,510 
11,841 
34,797 
18,800 
35,201 
6,887 
2,119 



''79,077 
'10,299 
9,725 
13,536 
18,630 
23,697 



^296,495 
474,262 
236,237 



4,958 
27,735 
28,851 
47,909 
58,544 

70,345 
54,121 
41,314 
58,382 
33,001 
16,773 
13,359 
7,164 



176,338 
13,861 
31,753 
26,841 
37,051 
38,548 

12,044 
332,291 



473,956 
4,958 
26,549 
27,463 
45,143 
56,665 
69,452 
54,121 
39,335 
58,050 
32,802 
16,213 
13,194 
7,033 
4,446 
2,981 
7,953 
2,770 



162,922 

12,863 

27,878 
21,479 
35,659 
37,157 



311,656 
264,403 
60,619 



23,767 
17,044 
19,426 



14,271 
10,304 
13,787 
7,731 
4,350 
3,324 
1,840 
1,153 



85,354 
65,473 
15,720 



46,396 
40,655 
65,256 
42,358 
28,466 
25,102 
15,465 
10,646 
8,741 
25,208 
14,535 
28,746 
5,761 
1,836 
214 



9,947 
50,067 
90,590 
160,783 
220,408 
269,560 
235,284 
208,668 
172,109 

137,399 
93,199 
63,002 
42,944 
29,347 
64,250 
25,621 
35,376 
9,200 
1,034 

353 



10,756 

43,018 
72,484 
51,223 
33,165 
16,676 
21,960 

543,709 
1,127,529 

502,655 



'23,435,240 10,643,785 10,154,066 3,207,819 



22,594,393 

72,847 

336,183 

652,730 

995,646 

1,616,642 

2,137,168 

2,239,318 

2,106,260 

1,943,974 

1,775,113 

1,527,644 

1,135,150 

832,189 

618,347 

446,386 

1,167,903 
620,507 
1,281,850 
660,154 
148,357 
68,978 
116,195 
35,897 
58,955 

'840,847 



138,322 
193,048 
177,079 
149.622 



'4,353,528 
10,342,951 
8,733,761 



8,863,530 
87,154 
260,678 
403,269 
559,445 
862,847 
1,079,514 
1,152,068 
1,004,276 
828,029 
683,907 
523,699 
354,472 
232,700 
159,673 
111,305 

257,721 
106,154 
150,570 



49,928 
482,641 
403,091 
302,912 
223,802 
120,134 
197,747 

3,755,901 
4,942,664 
1,945,220 



374,530 

524,173 

814,531 

1,045,196 

1,128,908 

989,513 

816,318 

676,788 

516,938 

348,074 

227,777 

155,872 

107,756 

250,036 

100,140 

141 , 591 

35,312 

3,916 

1,206 

1,216 

185 

75 



43,208 
422,227 
315,475 
259,354 
209,847 
114,332 
193,836 



87,154 
225,551 
258,735 
283,041 
359,187 
339,027 
344,525 
280,996 
229,093 
187,358 

145,850 
99,089 
66,742 
45,922 
30,863 
68,436 
28,002 
38,395 
10,000 
1,247 
404 



6,707 

3,639 

6,141 

3,974 

1,796 

1,239,580 

1,432,739 

535,500 



13,091 
140,236 
324,905 
527,546 
876,871 



762,762 
577,039 
436,412 
313,232 
855,119 
477,602 
1,036,059 
556,627 
122,903 
57,115 
94,172 
29,046 
53,012 



1,399,675 
5,342,612 
6,367,393 



. end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Cla: 



136 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross incoi 



Inccme t& 
after 



Grand total. 



Taxable returns, total. 

Under $1, 000 

tl,000 under 42,000.. 
S2,000 under S3, 000.. 
S3, 000 under SA,000. . 
$4, 000 under $5, 000. . 

!5, 000 under |6, 000. . 
6, 000 under $7, 000. . 
J7, 000 under S8, 000. . 
$8, 000 under 19, 000. . 
$9,000 under JlO,000. 



^10,000 under 411,000 

811,000 under il2,000 

112,000 under S13,000 

113,000 under $li,000 

$li,000 under $15,000 

|15, 000 under 420, 000 

$20,000 under 125,000 

125,000 under 450,000 

150,000 under $100,000 

5100, 000 under $150, 000. . . 
il50,000 under $200,000... 
1200, 000 under 1500, OOO. . . 
1500,000 under $1,000,000. 
Jl, 000, 000 or more 



Nontaxable 

No adjusted gross in 

Under $1,000 

$1,000 under $2,000. 
i2,000 under $3,000. 
$3,000 under i/i,0O0. 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Grand total. 






Undi 



$1,000 

$1, 000 under $2, 000 

$2, 000' under $3,000 

$3, 000 under $4, OOO 

$.;, 000 under $5, 000 

! 5,000 under $6,000 
6, 000 under iv, 000 
7,000 under $8,000 
8,000 under S9,000 
9, 000 under $10, 000 

$10, 000 under $11, 000 

ill, 000 under $12,000 

$12, 000 under $13, 000 

$13,000 under 114,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20, 000 under 125, 000 

^25, 000 under 150, 000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 

$15fl,000 under $200,000... 
1200,000 under $500,000... 
1500,000 under $1,000,000. 
$1,000,000 or more 



No , 



gross 



Under $1,000 , 

11, 000 under $2, 000 
2, 000 under $3, 000 
3, 000 under $4, 000 
4, 000 under $5, 000 
5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



1,590,8 



1,270,841 
37,569 
96,559 
1U,X74 
135,479 
141,022 
156,033 
147,260 
117,873 
98,624 
61,284 
45,806 
32,498 
21,011 
13,166 
9,519 

22, 8U 
8,838 
9,798 
2,114 



8,646 

153,299 
73,8L2 
41,194 
24,974 
10,133 
7,991 

835,861 
588,937 
166,092 



695,682 
22,101 
68,344 
73,902 
74,900 
87,765 
91,314 
82,231 
63,713 
40,707 
20,338 

19,196 
12,882 



10,848 
97,549 
63,787 
40,434 
21,190 
9,929 



570,749 
306,090 
70,438 



6,973 
38,350 
68,967 
84,779 
113,815 
125,956 
104,327 
91,124 
54,467 
43,977 
31,741 
20,220 
12,638 
9,092 
21,728 
8,246 
9,085 
1,982 



4,996 

28,195 
46,556 
28,103 
21,695 
9,536 
7,722 

338,151 
497,345 
159,128 



8,226,627 
31,403 
146,950 
281,287 
474,456 
537,863 
857,674 
950,325 
381,470 
833,400 
578,821 
479,499 
372,716 
261,309 
177,105 
137,806 
388,333 
196,519 
324,659 
136,495 
28,557 
12,423 
18,793 
6,709 
12,055 

'433,543 
'19,091 
66,219 
107,312 
101,929 
85,525 
45,229 
51,020 

'1,959,582 
4,150,721 
2,554,967 



37,569 
U5,262 
203,098 
304,686 
391,382 
503,270 
552,767 
427,917 
374,725 
222,725 
166,399 
113, 9U 
73,555 
45,224 
33,038 
83,175 
32,422 
38,547 
8,584 



952,903 
24,733 

253,776 
239,773 
179,373 
135,003 
56,202 
64,043 

1,950,357 

2,145,050 

602,724 



4,490,013 



3,548,290 
37,559 
110,502 
189,102 
289,002 
377,706 
491,535 
547,863 
423,830 
370,858 
220,445 
163,947 
117,623 
72,336 
45,259 
32,232 
81,072 
31,321 
35,693 
7,955 



21,950 

217,502 
188,309 
154,060 
129,659 
65,901 
63,742 

1,781,862 

2,118,077 

590,074 



1,284,603 



,971,506 



1,270,841 
37,569 
96, 559 
113,174 
135,. 
141,022 
156,033 
147,260 
117,373 
93,624 
61,284 
45,306 
32,498 
21,011 
13,166 
9,519 

22,813 



4,961,171 
5,570 
61,317 
127,204 
231,339 
323,421 
443,917 
500,526 
504,814 
501,321 
372,143 
318,366 
256,276 
185,443 
128,492 
101,689 
295,133 
154,530 
267,450 
U6,088 
24,266 
10,502 
15,536 
5,730 
9,948 



535,423 
582,182 
165,993 



755,707 
2,326,108 
1,389,691 



5,601 
21,937 
34,708 
62,258 

70,410 
75,109 
57,738 
38,714 
20,138 
18,043 
12,647 
7,217 
5,017 
4,055 
9,794 
3,746 
5,435 



24,622 
39,758 
31,604 
19,489 
3,323 
7,126 
255,594 
269,200 
66,946 



,5U,567 



,122,545 
18 , 530 
100,594 
183,417 
252,225 
395,586 

502 , 572 
531,871 
475,315 
346,144 
192 , 926 
200,785 
147,501 
93,927 
70,958 
60,672 

177,156 
88,491 
195,241 
53,249 
10,230 
3,750 
4,521 
1,883 



'14,644 

45,853 

92,373 

98,997 

73,731 

45,060 

47,652 

'1,301,723 

2,095,494 

1,114,350 



22,101 
79,633 
120,919 
167,284 
260,520 
294,328 
316,430 
245,071 
155,977 
73,906 
72,264 
49,997 
26,610 
19,158 
16,132 
40,441 
15,705 
23,973 
3,723 



31,420 
132,475 
203,434 
175,526 
114,204 
64,455 
57,721 
1,421,987 
1,142,935 
268,924 



22,101 
75,843 
112,532 
156,536 
247,258 
285,344 
311,425 
239,190 
154,482 
72,903 
70,785 
48,950 
25,612 
18,535 
15,477 
38,892 
14,535 
22,220 
3,421 
255 



26,920 
152,004 
163,694 
155,523 

108,510 
62,763 
57,087 
1,288,839 
1,120,471 
259,259 



695,682 
23,101 
63,344 
73,902 
74,900 
87,765 
91,314 
82,231 
63,713 
40,707 
20,338 
19,196 
12,882 
7,560 
5,258 



346,053 
300,406 
70,402 



3,249 
40,419 
36,550 
126,602 
133,659 
255,411 
258,956 
256,440. 
201,425 
121,286 

128,500 
95,199 
55,010 
49,393 
43,098 
131,135 
58,371 
157,017 
49,184 
8,727 
2,991 
3,608 
1,784 



5,356 
2,001 
1,923 
2,237 

450,557 

1,095,577 

805, 6O0 



end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of claseifi cations and Terms. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



137 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Ad,;usted gross 



Taxable income 



Grand total 

Taxable returns, total 

Under $1, OOO 

^1,000 under i2,000 

S2, 000 under S3, 000 

23,000 inder Si, 000 

$-4, 000 under $5, 000 

45, 000 under |6, 000 

|6, 000 under £7, 000 

y7, 000 under S8, 000 

£8,000 under 59,000 

J9, 000 under $10, 000 

SlOjOOO under 411,000 

$11, 000 under S12, 000 

S12, 000 under S13, 000 

S13,000 under $14,000 

$14, 000 under $15, 000 

415, 000 under 420, 000 

S20, 000 under S25, 000 

125,000 under S50,000 

450,000 under $100,000 

$100, 000 under $150, 000 

4150, 000 under 4200, 000 

£200, 000 under $500, 000. . . . 
S5O0,0OO under $1,000,000.. 
il, 000, 000 or more 

-Nontajtable returns, total — . 
No adjusted gross income. . . 

Under $1,000 

4l, 000 under 42, 000 

^2, 000 under S3, 000 

S3, 000 under $4, 000 

S4, 000 under $5, 000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

4l, 000 under $2, 000 

$2,000'under $3,000 

S3, 000 under S4, 000 

$4, 000 under $5, OOO 

$5,000 under $6,000 

S6, 000 under p, 000 

$7,000 under |8,000 

S8, 000 under $9, 000 

$9, 000 under $10, 000 

4l0, 000 under $11, 000 

$11,000 under $12,000 

S12, 000 under $13, OOO 

$13,000 under S14,000 

$14, 000 under $15, OOO 

$15,000 under $20,000 

$20, 000 under S25, 000 

$25, 000 under S50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000 

$150,000 under $200,000 

$200,000 under $500,000 

$500, 000 under $1, 000, 000. . 
$1,000,000 or more 

Nontaxable returns, total.... 
No adjusted gross income... 
Under $1, 000 ,. 

il, 000 under $2, 000 
2,000 under S3, 000 
3, 000 under $4, 000 
4,000 under $5,000 
5,000 or more 

Returns under $5, 000 

Returns 45,000 under $10,000. 
Returns $10,000 or more 



559,260 
22,944 
47,782 
49,761 
58,277 
63,587 
67,724 
71,532 
50,249 
27,690 
26,554 



13,592 
9,144 
6,212 
5,145 

9,862 
4,355 
5,074 



187,294 
7,751 

82,228 
40,449 
27,545 
19,242 
5,769 
4,31C 

425,335 
247,956 
73,263 



628 ,866 
17,790 
61,783 
76,417 
76,220 
89,612 
84,393 
60,591 
49,867 
■32,593 
22,105 
16,094 
9,944 
5,593 



244,547 
6,976 
108,865 
68,346 
31,684 
18,318 
5,162 
5,196 

561,173 
254,704 
57,536 



3,697 
19,001 
35,140 
44,446 
57,420 
66,037 
48,423 
24,444 
24,770 
18,011 
13,134 
8,754 
5,821 
4,853 



96,769 
4,459 
17,990 
24,545 
23,062 
16,868 
5,567 



194,775 
225,301 
69,562 



19,326 
70,317 
126,228 
203,522 
283,734 

370,697 

462,553 

372,748 

235,768 

253,699 

195,366 

156,213 

113,964 

83,660 

74,339 

167,969 

97,442 

171,625 

58 , 520 

13,165 

5,291 

6,553 

3,761 

1,192 

^261, 510 
'20,131 
36,739 
58,228 
69,002 
66,427 
25,700 
25,545 

^939, 092 
1,719,324 
1,151,246 



22.944 
54,132 
94,602 
147,987 
195,071 
238,196 
262,461 
192,822 
96,510 
105,226 
72,215 
48,979 
33,141 
22,782 
18 . 501 

36.388 
16,861 
19,290 
3,558 



20,198 
139,963 
124 ,412 
123,775 
101,759 
37,231 
34,178 

1,062,074 
929,061 
272,679 



22,944 
52,086 
87,264 
141,095 
188,684 

232,238 
256,254 
188,518 
94,422 
103,341 
70.916 
47,998 
32,029 
21,833 
17,836 
35,179 
16,021 
18, (X3 
3,251 



509,248 
17,183 
116,337 
100,247 
109,392 
96,603 
35,815 
33,171 

968,150 
907,644 
263,995 



2,491 
2.703 
1,011 



250,036 
244,254 
73,231 



22,944 


3,529 


47,782 


23,897 


49,761 


53,441 


58,277 


87,696 


63,587 


127,423 


67,724 


173,112 


71.532 


234,657 


50.249 


195,184 


27,690 


140,937 


26 , 554 


155,192 


18,698 


121,947 


13,592 


103,775 


9,144 


73,318 


6,212 


58,358 


5,145 


51,963 


9,862 


123,764 


4,355 


74,642 


5,074 


139,913 


905 


49,255 


111 


11,113 


31 


4,413 


24 


5,072 


6 


2.709 


1 


1,084 



1,265 

1,373 

849 

1,420 

305,034 
899,769 
827.059 



6,800 
29,392 
43,708 
55,499 
68,149 
52,176 
45,476 
28,600 
20,517 
14,860 



6,790 
3,095 
4,902 



125,750 
4,865 
29,937 
42,405 
25,134 
15,136 
4,565 
3,708 
257,441 
218,590 
53,716 



14,826 
91,819 
192,389 
267,737 
400,507 
463,416 
394,622 
370,366 
277,088 
208,350 

168,226 
114,141 
69,827 
66,768 
50,633 

131,092 
71,478 

175,534 
63,757 
12,677 
4,836 



'11,666 

55,122 

97,146 

76,714 

63,423 

22,452 

30,348 

'1,270,469 

1,744,187 

936,023 



17,790 
76,021 
148,174 
205 , 578 
254,923 
280,355 
222,535 
171,392 
117,777 
74,975 

57,873 
34,882 
19,248 
18,017 
12.262 

27.727 
12,247 
21,081 
3,724 



769,817 
21,711 
210,668 
226,832 
137,266 
100,726 
29,206 
43,408 
1,428,895 
910,704 
207,885 



17,790 
73,345 
143,116 
199,726 
250,150 
273,623 
220,889 
170,404 
115,169 
73,186 
56,975 
34,450 
18,683 
17,378 
11,329 

26,539 
11,515 
19,792 
3,439 



19,399 
139,209 
202.549 
129,031 
99,137 
29,206 
43,404 

1,352,658 
896,391 
201,371 



628,866 
17,790 
61,783 
76,417 
76,220 
89,612 
84,393 
60,591 
49,867 
32,593 
22,105 
16,094 
9,944 
5,593 
4,962 
3,490 



2,776 

1,995 

326,193 
249,949 
57.495 



2.522 
35.916 
79.129 
108,697 
193 , 540 
229.661 
201.928 
213.453 
165 . 343 
130,331 

106.742 
76.383 
47.903 
46.370 
34.998 
96,029 
54 , 330 

133,552 
53,413 
10,333 
3,926 



422.232 
941,646 
673.762 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanatlc3n of Classifications and Ten 



138 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Co 



Ad^;usted gross income classes 



Under $1, 000 

£l, 000 under '^2f 000 

S2, 000 under S3, 000 

S3, 000 inder ii,000 

$A, 000 under $5, 000 

^5,000 under $6,000 

^6,000 under S7,000 

^7, 000 under £8, 000 

is, 000 under 19, 000 

^9, 000 under $10, 000 

.'ilO, 000 under ill, 000 

511,000 under S12,00O 

S12, 000 under £13, 000 

£13, 000 under £14, 000 

$U, 000 under $15, 000 

4l5, 000 under *20, 000 

£20, 000 under £25, 000 

£25,000 under £50,000 

£50,000 under $100,000 

$100,000 under $150,000... 

£150, 000 under $200, 000. . . 
£200,000 under $500,000... 
£500,000 under $1,000,000, 
Jl, 000, 000 or more 



Nontaxable returns, total. 
No adjusted gross income 
Under $1,000 



£3,000 under y4,000. 
ii.non iinripr ;,;^_ono. 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



Grand total. 



Under $1,000... 
$1,000 under $2 
$2, 000' under 
£3,000 under 
$4,000 under 



000.. 



$5,000 under 1 
£6,000 under ; 
^7, 000 under ^S,' 
£8,000 under 1 

$9, 000 under $10, 000 

$10, 000 under $11, 000 

ill, 000 under £12, 000 

£12,000 under $13,000 

£13,000 under £14,000 

$14,000 under $15,000 

$15, 000 under $20, 000 

$20, 000 under $25, 000 

$25, 000 under £50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$iaV0OO under $200, 000. . . 

£200,000 under $500,000 

£500,000 under $1,000,000. 
£1,000,000 or more 



Nontaxable returns, total. 

No adjusted gross income 

Under $1,000. 

$1,000 under : 

£2,000 under : 

$3,000 under : 

$4, 000 under $5, OOO 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, OOO or more 



638,384 
17,385 
66,320 
75,250 
92,439 
73,961 

67,535 
67,483 
52,205 
33,118 
20,727 
17,323 
11,996 
9,002 
5,432 
4,395 

10,823 



39,433 
24,231 
7,920 
7,185 



276, 343 
9,541 
33,578 
35,636 
36,252 
45,478 

38,465 
25,904 
15,184 
11,038 
8,136 

4,531 
2,514 
2,315 
1,455 



66,631 
4,013 



226, 100 
99,727 
17,197 



11,675 
36,416 
54, 590 
54,552 

56,440 
59,928 
44,508 
32,477 
19,033 

16,116 
11,357 
8,531 
5,061 
4,055 

9,771 
3,945 
5,540 
1,221 



4,662 
13,441 
37,575 
34,269 
22,630 
7,820 
6,534 

282,630 



14,123 
99,577 
137, 862 
325,172 
332,125 

371,142 
436,096 
389,079 
279,655 
196,734 
181,245 
137,930 
112,314 
73,356 
63,580 

135,453 
105,375 
212,246 
94,308 
21,943 

8,636 
16; 133 
6,100 
4,041 

'354,655 
*14,281 
35,940 
75,801 
97,312 
32,467 
35,113 
42,303 



17,335 
87, 546 
149,650 
245,293 
236, 884 

241,068 
272,459 
188,058 
136,440 
87, 594 
65,579 
44,352 
34,774 
21,155 
16, 563 
40,296 
18,037 
24,702 
5,644 



753,175 

20,319 
144,113 
174,212 
170,934 
141,244 
52,227 
50,126 



17,385 
85,854 
147,957 
238,223 
233,087 

239,569 
270, 763 
185,467 
134,644 
85,203 



33,869 

20,474 
16,131 



722,805 

18, 890 
139,998 
162,453 
161,670 
138,653 
51,814 
49,327 



17,385 
66, 320 
75,250 



67,488 
52,205 
33,118 
20,727 



4,395 
10,823 
4,819 
6,431 
1,435 
183 

50 



1,795 
2,864 



2,709 
10,238 
20,839 
31,284 



2,349 
2,050 
1,257 
760 
2,483 
1,058 
1,222 



1,414,722 
7,525 
47,230 
89,519 
125,511 
205,678 

208,826 
167,757 
112,941 
92,556 
77,644 

47,311 
28,846 
28,970 
19,548 
11,947 
46,461 
26,465 
42,639 
17,213 
6,026 



'7,471 

11,119 
24,813 
27,974 
19,939 

6,474 

^559,361 
665,337 
280,346 



759,127 
9,541 
37,455 
64,259 
93,886 

146,630 

133,455 

93,777 
51,717 
40,015 
27,496 

16,306 
8, 866 
8,532 
4,991 
2,508 

9,296 

4,064 
5,100 



11,472 
40,229 
52,751 
46, 352 
30, 166 
C) 

9,032 
544,069 
355,360 
61,023 



741,224 
9,541 
36,759 
61,474 
90,614 

144,054 

131,174 
93,576 
49,728 
39,419 
26,507 

15,909 
8,700 
8,300 



3,565 
3,799 
4,797 



10,867 

34,262 
47,248 
41,962 
29,267 

8,966 

517,174 
349,304 
58,444 



161,306 
98,727 

17,131 



2,326 
34,739 
73,041 



200, 317 
218,194 
158,363 
115,453 
115,593 
90,436 
75,934 
51,413 
45,623 

138,050 
80,478 

174,637 
80,107 
13, 668 

7,517 
13; 268 
5,453 
3,845 



661 f 
3,604 I 



277,164 


768, 484 


276,343 


767,485 


9,541 


1,004 


33,578 


19,009 


35,636 


39,093 


36,252 


53,288 


45,478 


36,331 


33,465 


97,787 


25,904 


87,115 


15,134 


66,865 


11,038 


56,946 


8,136 


51,321 


4,531 


30,859 


2,514 


20,008 


2,315 


20,189 


1,455 


14,237 


826 


9,381 


2,648 


35,910 


1,190 


21,231 


1,319 


34,616 


265 


14,026 


51 


4,873 


10 


1,327 


6 


1,364 



199, 774 
360,034 
203,676 



end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terns. 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



139 



Table 31 —ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross 



Amount 



Grand total 

Taxable returns, total 

Under $1, 000 

Si, 000 under 42, 000 

S2, 000 under S3, 000 

£3,000 mder £4,000 

$4,000 under $5, 000 

45, 000 under |6, 000 

£6, OOO under $7, 000 

£7, 000 under £8, 000 

$8, 000 under 59, 000 

59, 000 under $10, 000 

.410,000 under Sll,000 

ill, 000 under £12, 000 

S12, 000 under £13,000 

S13, 000 under S14, 000 

$14, 000 under $15,000 

$15, 000 under $20, 000 

£20, 000 under £25,000 

S25, 000 under £50, 000 

£50,000 under $100,000 

$100, 000 under $150, 000 

£150, 000 under $200, OOO 

£200, 000 under $500, OOO 

£500, 000 under $1, 000, 000 

$1, 000, 000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

$1, 000 under $2, 000 

^2, 000 under £3, 000 

£3, 000 under y4, 000 

S4, 000 under $5, 000 

$5, 000 or more 

Returns under $5,000 

Returns p, 000 under $10, 000 

Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1, 000 

$1, 000 under $2, 000 

$2, 000* under p,000 

£3, 000 under £4, OOO 

$4, 000 under $5, 000 

$5,000 under $6,000 

S6, 000 under 57, 000 

$7,000 under £8,000 

$8, 000 under $9, 000 

$9, 000 under $10, 000 

$10, 000 under $11, 000 

$11, 000 under $12, 000 

$12,000 under $13, 000 

$13,000 under £14, 000 

$14, 000 under $15, 000 

$15, 000 under $20, 000 

$20, 000 under $25, 000 

£25, 000 under $50, 000 

$50, 000 under $100, 000 

$100, 000 under $150, 000 

$150, 000 under $200, 000 

£200, 000 under $500, 000 

$500, 000 under $1, 000, 000 

$1, 000, 000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 » 

il, 000 under $2, 000 
2, 000 under £3, 000 
3,000 under £4,000 
4, 000 under $5, 000 
5, 000 or more 

Returns under $5,000 

Returns p, 000 under $10, 000 

Returns $10, 000 or more 

Footnotes at end of table. See text for "Description of the Sampli 



37,740 
123,786 
142,817 
139,065 
157,624 

151,695 
127,998 
98, 324 
73,415 
64,24a 

47,470 
34,955 
26,754 
18,552 
Id, 018 
34,806 
13,422 
14,576 
3,054 



282,849 
3,393 
138,448 
64,414 
34,476 
24,068 
9,389 
8,161 

375,720 
533.4!:2 

210.713 



2,029,442 

1,721,858 
59,456 
155,438 
153,421 
203,893 
192,184 

211,801 
196,883 
157,367 
106,682 
65,909 

54,598 
34,377 
23,667 
15,519 
13,146 
31,264 
12,573 
17,875 



307,584 
5,316 

164,056 

65,203 

38,362 

19,709 

3,601 

6,337 

1,075,539 

744,552 

209,151 



5,150 
33, 789 
50,091 
71,843 
94,479 
100,369 
81,468 
63,788 
55,739 
42,909 
31,951 
24,556 
17,504 
14,732 



39,255 
2,438 
9,562 
24,386 
20,646 
18,033 
7,350 
6,740 

243,388 
402,364 
193 . 524 



27,16^ 
52,973 
84, 190 
135,833 
156,807 
133,179 
96, 747 
60,787 

50,975 
32,277 
21,864 
15,501 
12,128 
28,646 
11,586 
16,173 
3,566 



100,409 
2,411 
16, 215 
27,892 
25,204 
15,620 
7,107 
5,950 
263,773 



32,010 
183,991 
359,853 
490,553 
707,622 

888,132 
827, 343 
735,220 
623,639 
606,385 
497,638 
401,070 
333,883 
250,199 
231,571 

594, 141 
297,291 
482,064 
201,697 
53,463 
24,663 
34,156 
12.153 
14,926 

'397,925 
'19,542 
59,431 
95,030 
85,036 
81,638 
44,501 
51,781 

'2,120,173 

3,725,078 
3.436.342 



10,940,559 

49,640 

227,333 

412,403 

717,473 

868,336 

1,163,582 

1,279,854 

1,178,290 

906,212 

523,001 

571,075 
393,782 
294,332 
222, 588 
190,433 

531,521 
281,117 
612,028 
263,460 
53,415 
24,023 
44,546 
12,192 
19,423 



=7,093 

70,768 

94,544 

94, 182 

69,958 

37,944 

43, 851 

'2,535,. 

5,185,333 

3,522,912 



37,740 
144,132 
249,157 
310,342 
425,354 
466,304 
441,416 
345,249 
262,217 
229,223 
167,762 
124,264 
95,667 
69,881 
57,724 

125,519 
52,679 

54,472 

11,536 

1,589 

491 



795,799 
9,311 
190,634 
196,780 
149,251 
129,723 
53,362 
55,733 



37,740 
140,904 
242,002 
301,597 
414,014 
443,522 
431,353 
340,551 
258,116 
224,436 
165,259 
121,999 
93,512 
69,167 
5o,812 

122,848 
50, 652 
51,213 
10,604 
1,407 
421 



7,925 
177,096 
166,886 
137,085 
122,674 
61,111 
52,619 



Massachusett.'i 



,571,017 
59,455 
173,763 
259,378 
358,634 
440,023 
520, 568 
592,394 
557, 540 
380,738 
239,574 

196,523 
129,028 
37,06° 
59,921 
45,438 
120,425 
50,450 
70,197 
15,441 
1,581 
491 



13,529 
224,239 
184,111 
146,994 
99,906 
47,993 
50,397 
2,008,026 
2,550,628 
779,532 



■,083,141 

.,429,946 
59,456 
165,614 
238,133 
336,719 
421,726 
602,411 
679,096 
553,331 
374,770 
237,335 

193,145 

125, 583 

85,285 

58,421 

45,104 

116,439 

43,298 

65,119 

14,058 

1,346 

399 

478 



197,735 
133,895 
121,229 
93,108 
45,391 
49,160 
1,826,583 
2,500,460 
755,998 



37,740 
123,786 
142,817 
139,065 
157,624 

161,695 
127,998 
98,324 
73,415 
64,248 
47,470 
34,955 
26,754 
18,552 
15,018 

34, 305 
13,422 
14,576 
3,054 



5,394 
2,255 

609,950 
527,830 
210,459 



1,735,850 

1,721, 
59,456 
155,438 
153,421 
203,893 
192,134 
211,801 
196,838 
157,367 
106,632 
55,909 

54, 593 
34, 377 
23,567 
15,519 
13,146 
31,264 
12,573 
17,875 



5,992 
76,450 
154,994 
240,535 
353,935 
430,171 
437,958 
420,327 
378,944 
376,771 
324,027 
267,091 
227,588 
172,533 
163,389 

433,854 
224,962 

384,728 
154,410 
43,655 
19,527 
25,729 
10,581 
11,288 



5,347 
5,321 



787,751 
739,246 
208,853 



9,046 
95,535 
203,733 
403,509 
475,406 
612,812 
650,335 
644,472 
539,490 
377,792 

364,263 
256,540 
193,374 
153,873 
134,574 
379,746 
208,144 
484,719 
211,199 
41,181 

18,048 
32,799 
8,014 
17,042 



1,193,4 

2,825,385 

2,509,408 



Limitations of the Data" and "Explanation of Cla 



762-244 O-65-10 



140 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross income classes 



Amount 

(7houM»nd 



Grand total. 



'axable returns, total.. 

Under $1,000 

41,000 under 42,000 

S2,000 under S3, 000 

S3, 000 inder |A,00O 

$4,000 under $5,000 

^5, 000 under $6, 000 

$6, 000 under S7, 000 

£7, OOO under £8, 000 

$8,000 under $9,000 

$9, 000 under $10, 000. . 
SlO,000 under $11,000. 
S11,000 under $12,000. 
$12,000 under $13,000. 
$13, 000 under $14, 000. 
$14,000 under $15,000. 



$15,000 under $20,000 

S20, 000 under $25, 000. . . 
$25,000 under $50,000... 
$50,000 under $100,000.. 
$100,000 under $150,000. 



Nontaxable returns, total. 
No adjusted gross Inccne 

Under $1, 000 

$1,000 under $2,000, 



.2,000 under S3, OOO. 
3,000 under $4,000. 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 






Undi 



1, 000 

$1, 000 under $2, 000 

$2, 000" under $3,000 

$3, 000 under S4, OOO 

$4, 000 under $5, 000 

$5,000 under $6,000 

S6, 000 under $7, 000 

^7, 000 under $8, 000 

as, 000 under S9, 000 

$9,000 under $10,000 

$10, 000 under $11, 000 

ill, 000 under $12, 000 

$12, 000 under $13, 000 

$13,000 under S14,000 

$14,000 under $15,000 

$15,000 under $20,000 

!p20,000 under S25,000 

^25,000 under S50,000 

^50,000 under $100,000 

$100,000 under $150,000... 
$150, 000 under $200, 000. . . 

$288^000 under 2500,000 

$500,000 under $1,000,000. 
$1, 000, 000 or more 



No adjusted gross income.... 

Under $1, 000 ► 

$1, 000 under $2, 000 

$2, OOO under $3, 000 

$3,000 under $4,000 

$4,000 under $5,000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000.. 
Returns $10,000 or more 



46,676 
159,454 
159,218 
176,463 
220,806 

260,004 
271,428 
232, 583 
158,185 
132, 800 

98,660 
72,036 
44,496 
30,440 
21,247 

42,769 
151325 
21,764 
4,728 



442,275 
11,417 

203,958 
98, 539 
57,409 
35,828 
15,887 
19,237 

1,185,655 

1,073,998 

352,761 



16,208 

114,734 
62,345 
37,126 
26,018 
15,425 
12,587 
639,684 
396,222 
105,671 



10,401 
36,555 
75,691 
127,726 

184,268 
230,213 
199,828 
148,646 
126,625 
94, 594 
68,871 
42,800 
29,515 
20,487 

40,277 
14,295 
20,161 
4,315 



208,332 
7,429 

33.617 
60,120 
44,225 
31,284 
14,086 
17, 571 

441,134 
906,913 

336,487 



15,292,068 

38, 678 
231 ; 676 
399,975 
622,252 
999,623 

1,436,270 
1,759,343 
1,733,635 
1,341,377 
1,260,276 

1,033,788 
826,009 
554,111 
409,651 
307,300 

724,115 
339,154 
721,190 
312,013 
69,898 
35,593 
63,129 
23,132 
49,880 

=656,962 
'21,586 

86,800 
144,439 
138,950 
123,428 

70,962 
113,969 

'2,835,197 
7,640,565 
5,473,268 



6,546,232 

46,676 
180,749 
245,276 
375,996 
585,920 

808,093 
1,005,795 
866,493 
601,471 
507, 365 
366,887 
274, 338 
163,687 
111,363 
78,394 

160,361 
58,046 
86,906 
18,529 
2,161 



1,334,236 
31,015 

315,478 
310,766 
226,579 
188,419 
97,649 
164,330 

2,604,523 
3,952,158 
1,323,787 



46,676 
175,157 
236,414 
352,686 
566,853 

792,410 
993,518 
856,478 
593,594 
501,337 

362,332 
271,594 
161,835 
109,743 
77,171 

156,490 
56,191 
83,644 
17,145 
1,939 



1,202,669 
27, 710 
279,455 
258,900 
195,231 
182,099 
95,481 
163,793 

2,416,662 
3,899,781 
1,300,907 



46,676 
159,454 
159,218 
176,463 
220,806 

260,004 
271,428 
232,583 
158,185 
132,800 
98,660 



15,325 
21,764 
4,728 



776,516 

1,055,705 

352,687 



6,533 
95; 580 
198,235 
308,749 
496,818 

728,914 
881,960 
940,394 
773,483 
773, 846 
665,586 
545,588 
379,749 
290,173 
219,481 

534,436 
2631694 
583,126 

264,507 
58,511 
29,535 
51,366 
17,807 
39,992 



3,991 
3,327 

1,617 

1,115,060 
4,099,452 
3,944,313 



3,960 
18, 895 
41,087 
62,767 
84,702 
85,157 
64,385 
52,610 
40,917 
28, 531 
16,798 
12,580 
7,820 
5,026 
14,315 
5,138 
8,296 
1,465 



10,032 

28,390 
37,931 
29,556 
21,126 
13,930 
11,615 
267,674 
339,213 
100,470 



=6, 090, 277 



5,633,023 
23,705 
141,961 
202,087 
363, 709 
487,417 
018,497 
655,948 
534,632 
476,237 
404,331 
312,316 
201,816 
162,349 
110,521 
80,195 
254,627 
124, 846 
298,314 
107,248 
25,527 
11,091 
21,691 
7,675 
6,283 

'457,254 

'17,127 

52,811 

91,633 

91,472 

88,804 

69,633 

80,028 

'1,596,105 

2,766,179 

1,727,993 



29,109 
107,385 
124,039 
220,456 
300,324 
366,691 
381, 135 
291,592 
218,346 
157,569 
116,494 
68,497 
51,494 
32,536 
20,013 
60, 795 
22,418 
38,564 
6,581 
864 
239 



51,894 
214,194 
205,872 
162,224 
142,537 
104,461 
87, 908 
1,662,495 
1,501,965 
420,075 



29, 109 
102,676 
116, 847 
203,932 
284,196 
357,450 
376,768 
285,273 
215,164 
156,470 
115,030 
67,201 
50, 883 
32,030 
19,433 
58, 982 
21,289 
36,816 
6,061 



48,263 
191,351 
176, 371 
143,988 
135,523 
102,090 
86,366 
1,534,346 
1,476,282 
410,134 



112,236 
101,166 
71,706 
56,174 
42,595 
29,865 
17,577 
13,025 
8,224 
5,537 



(') 
5,163 
4,108 
2,503 

(*) 
1,945 

431,598 
335,787 
105,464 



3,147,303 
3,672 
60,108 
97,875 
180,133 
231,989 
302,877 
313,307 
265,511 
260,450 
244,017 
191,094 
128,839 
105,44,4 
72,880 
54,848 
177,267 
90,825 
227,360 
34,731 
19,915 
8,153 
15,854 
5,895 
4,259 

12,893 



1,401 
1,854 
1,572 



580, 570 
1,392,049 
1,187,577 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classific 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOHE, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



141 



justed gross income cla. 




S5,000 under i 
$6,000 under ! 
£7,000 under : 
£8,000 under : 
59, 000 under 

ftl0,00C under Sll,000 

511,000 under $12,000 

$12, 000 under S13, 000 

$13, 000 under $14, 000 

$1-1, 000 under $15, 000 

4l5, 000 under $20, 000 

$20, 000 under $25, 000 

$25,000 under $50,000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150, 000 under 4200, 000. . . 
S200, 000 under isOO, 000. . . 
$500,000 under $1,000,000. 
Jl, 000, 000 or more 



Nontaxable returns, total.... 
No adjusted gross income... 

Under $1, 000 

$1,000 under $2,000 

;p2,000 under $3,000 

$3,000 under y4,0OO 

S4,000 under $5,000 

*5,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



Grand total 

Tameable returns, total 

Under $1, OOO 

tl, 000 under $2, 000 

$2,000'under $3,000 

$3, OOO under $4, 000 

$A, 000 under $5, 000 

$5,000 under $6,000... 

S6, OOO under $7, 000 

$7,000 under $3,000 

$8, 000 under S9, 000 

$9, 000 under $10, 000 

$10, OOO under $11, 000 

$11, 000 under $12, 000 

$12, 000 under $13, 000 

$13, 000 under $14, OOO 

$14, 000 under $15, 000 

$15, 000 under $20, 000 

$20,000 under S25,000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200, 000 under $500, 000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total.... 

No adjusted gross income... 

Under $1, 000 

$1, 000 under $2, 000 

;;2,000 under $3,000 

;i3,000 under $4,000 

(^,000 under $5,000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



31,809 
39,903 
48,085 
40,283 
33,749 
25,751 
17,691 
14,447 
10,426 
6,622 
3,507 
2,813 
1,721 
1,912 
4,428 
1,668 
2,856 



150,536 
5,217 
50, 376 
34,603 
32,309 
15,731 
9,018 
3,282 

316,174 
105,247 
26,165 



140,734 
81,208 
46,302 
22,632 



849,717 
496,288 
137,253 



128, 292 
94,235 

■71,755 
50,392 

35,244 
23,939 
15,006 
11,831 



196,248 

4,495 
17,196 
24,996 
33,930 
28,373 
22,443 
16,612 
13,953 
10,061 
5,214 
3,248 
2,594 
1,612 
1,793 
4,085 
1,544 



90,163 
3,261 



24,596 
13,604 
8,443 
2,798 

167, 982 
94, 141 

24,288 



11,328 
46,826 
67,304 
84,548 

101,849 
104, 159 
33,497 
65,885 
47,914 

33,588 
22,622 
14,030 
10,952 

7,560 
18,192 

7,593 
10,593 

2,583 
317 



8,313 

37, 545 
49,416 
35,040 
20,547 
5,491 
7,293 
366,958 
415,452 
128,374 



7,156 
46,446 
99,632 
165,817 
133,011 
134,627 
167,178 
131,590 
121,007 
99,039 
69,267 
39,977 
34,965 
23,092 
27,696 
76,346 
37,357 
94,303 
31,242 
5,170 
1,718 
1,813 
565 



=258,834 
'14,494 
28,512 
51,170 
79,854 
54,620 
39,174 
19,998 



7,321,164 

32,970 
150,331 
302,475 
503,490 
616,535 

792,520 
828,756 
703,419 
609,320 
477,775 

368,812 
274,349 
137,277 
159,212 
114,068 
334,280 
137,093 
339,796 
186,098 
42,098 



'24,410 

64,988 

117,956 

113,374 

78,430 

29,548 

43,972 

'1,985,687 

3,452,912 

2,306,423 



873, 711 

8,840 

38,485 

82,906 

132,536 

139,913 

109, 346 

102,598 

65,378 

51,848 

42,404 

23,738 

13,878 

10,693 

6,775 

7,289 

17,014 

6,942 

10,945 

1,8"' 



172 



15,074 
104,316 
107,663 
150,075 
83,333 
54, 633 
19,362 

917,774 
391,031 
99,362 



38,533 
124,703 
224, 529 
324,296 
392,715 
444,475 
457,268 
352,446 
250,448 
169,735 

122,699 
83,510 
52,770 
40,994 
23,837 

70, 751 
31,576 
45,234 
11,163 
1,313 

449 



37,249 
253,172 
256,976 
200,332 
124,071 
42,037 
51,200 
2,018,613 
1,724,778 
490,540 



861,222 

8,840 

38,393 

80,107 

132,262 

133,248 

108,121 

100,439 

64,792 

51,574 

42,313 

23,193 

13,334 

10,390 

6,534 

7,092 

16,539 

6,709 

10,400 

1,730 

156 

37 



508,295 

13,440 

96,916 
99,358 
144,936 
80,589 
53,645 
18,911 

887,234 
385,837 
96,446 



38,533 
116,693 
209,626 
309,952 
331,433 

433,641 
452,704 
345,606 
247,672 
168,784 

120,821 
32,104 
51,705 
39,806 
28,162 
67,675 
29,535 
42,543 
10,191 
1,133 
383 



32,123 
214,290 
205,483 
180,369 
117,647 
41, 836 
51,134 
1,847,985 
1,698,763 
475,159 



297,050 

8,840 
31,809 
39,903 
48,085 
40,283 
33,749 
25,751 
17,691 
14,447 
10,426 
6,622 
3,507 
2,813 
1,721 
1,912 
4,428 
1,668 
2,856 



1,513 
1,258 

170,438 
103,283 
26,100 



38,533 
99,425 
120, 308 
144,017 
137, 330 

144,466 
128,292 
94,235 
71,755 
50,392 

35,244 
23,939 
15,006 
11,831 

7,834 
19, 676 

8,393 
11,650 

2,837 



3,564 
5,508 
2,166 



551,856 
489,743 
137,110 



17,220 
33,408 
56,269 
66,333 
85,185 
75,880 
63,664 
68,579 
54,760 
43,539 
24,535 
22,590 
15,297 
19,312 
56,116 
28,063 
75,691 
25,616 
4,068 



175,097 
356,186 
318, 578 



.,266,501 
6,216 
57,315 
128,494 
235,455 
292, 522 

406,856 
422, 570 
377, 587 
360,583 
298,604 
239,076 
182,973 
128,125 
111,942 
81,046 
242,572 
143,526 
312,076 
154,317 
34,525 
15,941 
20,040 
7,506 
4,517 



2,840 
1,177 

2,215 

726,828 
1,867,262 
1,679,579 



end of table. See text for "Descrlpti 



'. Sample and Limitations of the Data" and "Explanation of Cla 



142 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Co 



Adjusted gross income classes 



Amount 



Grand total. 



taxable returns, total. 

Under $1, 000 

il,000 under i2,00C.. 
S2,000 under 83,000.. 
33,000 inder S4,000.. 
5^,000 under $5,000.. 
$5,000 under ^6,000.. 
S6,000 under £7,000.. 
S7, 000 under S8, 000.. 
$8,000 under S9,000.. 
$9,000 under $10,000. 
ijlO, 000 under 
511,000 under 
512,000 under 
S13, 000 under 
$K, 000 under 



,11,000. 
,12,000. 
,13,000. 
114,000. 
,15,000. 



215,000 under 420,000... 
S20,000 under 425,000... 
S25,000 under 850,000... 
S50,000 under $100,000.. 
$100,000 under $150,000. 
$150,000 under $200,000. 
$200,000 under $500,000. 



No adjusted gross im 

Under $1, 000 

$1, 000 under $2, 000. 
^2,000 under $3,000. 
$3,000 under $';,000., 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns ^10, 000 or more 



'axable returns, total. 

Under $1,000 

$1, 000 under $2, 000. . 
$2,000'under $3,000.. 
$3,000 under $i,00O. . 
$4, 000 under $5, 000. . 



$5,000 under $6,000., 
$6, 000 under 57, 000. 
$7, 000 under $8, 000. 



$10, 000 under $11, 000 

$11,000 under $12,000 

$12,000 under $13,000 

$13,000 under $K,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150, 000 under $200, 000. . . 
$200,mO under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 *. 

$1, 000 under $2, 000 

$2,000 under i3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 

Returns $10, 000 or more 

Footnotes at end of table. See 



22,557 
17,729 
6,926 
13,535 
5,091 
4,874 
3,193 
1,907 
1,645 
921 

2,042 
1,251 
1,400 



3,373 
1,772 
1,349 



333,421 
14,341 
41,742 
48,440 
50,919 
41,912 



1,386 
3,591 
9,839 
14,314 
18,888 
15,107 
6,144 
12,953 
4,991 



1,910 
1,186 
1,350 



32,201 
3,558 
4,986 

10,020 
7,450 
3,172 

1,349 

59,982 



31,258 
40,875 
69,055 
104,764 
125,478 
114,134 
51,624 
113,523 
48,505 
50,923 
36,473 
23,834 
22,133 
13,359 
35,216 
27,397 
43,210 
8,009 
1,180 



■"61,272 
=16,529 
9,633 
20,052 
20,821 
11,553 
7,913 
7,829 

'304,240 
460,729 
265,963 



24,997 
25,402 
45,149 
68,814 
30,363 
65,402 
27,393 
54,324 
21,989 
19,220 
12,106 
7,466 
5,956 
3,917 
8,630 
4,907 
6,709 



180,730 
15,168 
44,060 
45,767 
37,433 
16,906 
11,115 
10,281 

340,691 
259,554 
69,743 



23,035 
24,599 
44,266 
66,747 
77,523 
65,101 
26,992 
54,324 
21,508 
18,760 
11,711 
7,236 
5,758 
3,818 
8,301 



156,591 
13,022 
37,534 
34,771 
34,405 
15,463 
11,115 
10,281 

310,837 
255,531 
67,416 



21,550 
16,303 
20,135 
23,525 
22,557 
17,729 
6,926 
13,535 
5,091 
4,874 
3,193 
1,907 
1,645 
921 

2,042 
1,251 
1,400 



12,895 
20,514 
32,592 
48,277 
59,562 
61,476 
29,043 
64,544 
28,738 
32,773 
24,389 
16,657 
15,320 

9,472 
26,712 
21,702 
34,13 

6,636 



115,664 
244,245 

192,315 



3,289 
14,625 
26,409 
26,907 
39,273 
30,354 
24,911 
16,760 
14,408 



68,259 
5,521 
10,379 
21,578 
15,022 
10, 545 
3,406 
1,808 

137,681 
127,417 
33,161 



12,462 
61,905 
123,263 
178,621 
187,995 
267,743 
234,324 
203,763 
148,613 
142,025 

102,018 
80,826 
57,538 
45,758 
41,160 

109,603 
62,605 

111,815 
38,475 
8,358 

2,902 

5,087 



'179,316 
'11,509 
24,181 
53,443 
46,575 
37,736 
15,728 
13,162 

'730,400 



1,042,786 
14,841 



156,147 
130,224 
94,525 
68,896 
52,138 
35,612 
26,032 
17,256 
12,384 
10,671 
23,784 
9,745 
13,294 
2,314 



411,908 
25,086 
86,946 
117,951 
85,661 
61,712 
22,925 
11,627 
779,699 
522,372 
152,123 



999,478 
14,341 
45,231 
79,408 
105,157 
106,235 
153,058 
123,140 
93,622 
67,000 
61,938 

34,683 
24,935 
16,538 
11,698 
10,254 

22,893 
9,130 

12,323 
2,102 



361,138 
22,476 

76,210 
94,505 
73,728 
60,520 
22,323 
11,426 
700,634 
514,499 
145,533 



383,421 
14,841 
41,742 
48,440 
50,919 
41,912 
48,837 
36,190 
27,185 
17,451 



6,361 
2,804 
3,389 



2,312 
25,565 
57,244 
86,319 
92,762 
137,460 
123,139 
119,272 
85,804 
84,166 
68,014 
55,062 
40,231 
32,641 
30,145 

83,269 
51,044 
93,325 
32,393 
7,063 
2,342 
4,406 
607 



563 i 
2,535 [ 



269,074 
552,812 
501,918 



of the Sample and Limitations of the Data" and "Explanation of Classificati 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 



143 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross 



Amount 



Grand total. 




SlO, 000 under 
311,000 under 
S12, 000 under 
S13,000 under 
$14,000 under 



SlljOOO. 
S12,000. 
SUjOOO. 
lli, 000. 
$15,000. 



$15,000 under $20, 000 

S20,000 under $25,000 

$25, 000 under 550, 000 

£50,000 under $100,000 

$100, 000 under $150, 000. . . 

$150,000 under $200,000 

$200,000 under $500,000 

$500, 000 under $1, 000, 000. 
|l, OOO, 000 or more 



Nontaxable returns, total. 
No adjusted gross income 

Under $1, 000 

$1, 000 under $2, 000 



y2,000 under £3,000. 
S3, 000 under $4,000. 
$4,000 under $5,000. 
$5,000 or more 



Returns under $5,000 

Returns $5,000 under $10,1 
Returns $10,000 or more.. 



Grand total . 



Under $1,000. 
$1,000 under i 
$2, 000' under ; 



000.. 



000 under $5, 
$5,000 under $6,i 
$6,000 under : 
$7,000 under ; 
$8,000 under ;, 
$9,000 under $10,000. 

$10,000 under $11,000 

$11, 000 under $12, 000 

$12,000 under $13,000 

$13,000 under S14,000 

$14, 000 under $15, 000 

$15,000 under $20, 000 

$20, 000 under M25, 000 

^25, 000 under $50, 000 

^50,000 under $100,000 

$100, 000 under $150, 000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under |l, 000,000. 
$1,000,000 or more 



Nontaxable returns, total 

No adjusted gross income. . . . 
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 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



3,553 
2,354 
1,494 



20,623 
8,346 
5,581 



142,285 
82,572 
17,664 



65,665 


835,594 


3,680 
5,196 


r 16,148 

L 18,150 

41,275 

51,013 


6,066 
7,463 
8,840 
5,530 
5,201 


53,836 
65,401 
96,125 
59,115 
54,669 


5,530 
4,384 
3,319 
2,024 
1,361 


62,595 

52,200 
44,306 
31,859 
21,597 


3,508 
690 
974 
325 

54 


64,671 
17,636 
39,753 
22,002 
7,389 


9 
23 
6 


2,259 
6,807 
4,085 


9,476 


^22,783 


2,323 


3,747 
7,635 


5,124 


21,128 


19,063 
33,773 
22 , 305 


=146,768 
333,327 
373,232 



11,476 
11,798 
25,358 
30,480 
28,623 
32,123 
40,769 
22,504 
21,386 

21,909 
16,919 
13,417 
8,390 
5,151 

13,573 



62,275 



309,418 

10,996 
11,606 
24,397 
29,228 

27,853 
31,334 
40,282 
22,408 
21,289 



13,074 
2,759 
3,928 
1,323 



58 , 597 
(') 



13,873 
26,323 



135,999 
145,109 
86,907 



114,732 



113,995 

(') 

10,899 
7,252 
11,818 
11,312 
9,829 
10,182 
12,795 
6,973 
5,778 
5,995 
4,549 
3,553 
2,354 
1,494 

3,807 



1,913 
5,779 
3,598 
3,499 



49,168 
74,241 
16,672 



140,081 


^1, 193, 355 


123,946 


1,136,767 




5,783 


C) 


28,742 


4,671 


56,248 


14,050 


94,062 


12,848 


115,070 


23,217 


157,028 


17,202 


120,288 


16,561 


136,509 


11,832 


99,525 


5,328 


50,764 


4,347 


48,661 


3,368 


40,608 


2,277 


28,995 


1,142 


16,722 


874 


13,109 


2,519 


45,563 


672 


14,341 


1,131 


42,578 


228 


16,705 


24 


2,977 



'56,538 
^1,727 



'355,543 
564,711 
273,101 



557,745 
7,179 
22,415 
35,759 
61,186 
63,836 
99,686 
72,770 
64,273 
48,065 
16,548 
16,139 
13,407 
9,040 
4,433 
3,528 



27,243 
26,951 
22,160 
25,423 



305,454 
301 , 748 
66,395 



544 , 391 
7,179 
22,212 
34,565 
58,518 
61,783 
97,091 
71,972 
63,374 
47,470 
16,447 

15,903 
13,104 
8,771 



102,351 
2,406 
24,053 
20, 520 
19,035 
24,720 



285,835 
296,760 
64,147 



7,179 
19,118 
22,330 
26,661 
25,608 
28,873 
18,296 
18,142 
11,832 
5,328 
4,650 
3,537 
2,344 
1,244 



101,794 
82,572 
17,631 



7,648 
8,978 
21,200 
25,283 
26,357 
36,561 
58,913 
33,884 
33,313 
39,490 
34,373 
29,868 
22,676 
15,207 

48,160 
14,318 
33,385 
13,326 
6,264 

1,913 
5,771 
3,059 



64,107 
139,198 
273,279 



12,276 
27,459 
45,918 
53,006 
76,468 
60,148 
79, 761 
55,936 
34,880 
32,942 
27,358 
19,194 
12,169 

9,510 
34,240 
11,377 
34,301 
13,920 

2,510 
710 
644 



150,306 
307,458 
198,875 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Ten 



144 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross Inccme classes 



Amount 

fTTtouMnd 



Grand total. 



total. 



Taxable 

Under $1, 000 

41,000 under 42,000.. 
S2, 000 under S3, 000. 
S3, 000 vnder 
$4,000 under $5,000. 
000. 



000. 



£5,000 under : 
16,000 under : 
57,000 under : 
18,000 under '. 
$9,000 under $10,000. 



$10,000 under 
$11,000 under 
$12,000 under 
$13,000 under 
$1A, 000 under 



,11,000. 
112,000. 
113,000. 
114,000. 
115,000. 



!15, 000 under $20, 000 
20, 000 under 125, 000 
25, 000 under S50, 000 
50,000 under $100,000 
100,000 under $150,000 

1,150,000 under $200,000 

$200,000 under $500,000 

£500,000 under $1,000,000. 



Nontaxable returns, total. . 
No adjusted gross incane. 



Under $1, 000 

$1,000 under $2,000. 
If 2, 000 under 13,000.. 
^3,000 under ^4,000. . 
24,000 under $5,000.. 
$5,000 or more 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Grand total. 



Taxable returns, total. 



000. 



000 under i 

000 under $7,< 

000 under $8,< 

000 under i 

000 under $10, 000 

$10, 000 under $11, 000 

211,000 under $12,000 

£12,000 under $13,000 

113,000 under S14,000 

$14, 000 under $15, 000 

$15,000 under $20,000 

$20,000 under a;25,00O 

S25, 000 under 150, 000 

$50,000 under $100,000 

$100, 000 under $150, 000 

$150,000 under $200,000... 

£20^^000 under 1500,000 

£500,000 under $1,000,000. 
$1,000,000 or more 



No adjusted gross im 

Under $1, 000 •■. . 

$1,000 under $2,000. 
i' 000 under 13,000. 



000 under $5,000. 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



47,216 
132,615 
154,234 
197,488 
214,652 
227,444 
223,333 
202,104 
140,513 
112,687 
91,866 
62,586 
41,443 
30,661 
21,148 

54,452 
21,605 
25,267 
5,158 



379,221 
8,901 
197,912 
83,326 
42,822 
26,984 
11,565 
7,711 



75,390 
2,837 
29,305 
17,090 
11,256 
9,084 
3,173 
2,645 

171,753 
81,609 
30,717 



7,036 
27,075 
54,422 
98,329 

140,332 
172,488 
175,539 
126,088 
105,102 
86,755 
59,759 
38,766 
29,435 
19,890 
51,632 
20,110 
23,489 
4,743 



134,397 
3,081 
19,100 
39,077 
33,032 
22,612 
9,934 
7,511 

313,748 
726,398 
336,097 



39,701 
199,647 
387,140 
696,326 
966,800 

1,249,811 
1,442,859 
1,511,480 
1,191,251 
1,069,353 

961 ,877 
717,790 
516,288 
412,839 
305 ,809 
924,750 
477,893 
834,474 
339,850 
72,590 
29,541 
44,454 
18,908 
16,426 

^498,009 
'16,562 
86,582 
121,531 
104,556 
93,871 
51,574 
56,457 

^2,731,166 
6,507,424 
5,687,326 



47,216 
152,360 
247,866 
375,494 
533,075 
664,761 
748,556 
700,803 
507,559 
400,932 
332,305 
227,842 
149,881 
U5,574 
76,783 
206,040 
82,719 
98,961 
19,633 
2,284 
635 



961,204 
18,767 
279,523 
236,431 
162,925 
133,271 
76,547 
53,740 

2,263,475 
3,073,279 
1,316,438 



47,216 
146,217 
232,613 
351,389 
512,407 
642,630 
736,213 
688,703 
501,409 
393,146 

328,852 
224 ,434 
146,903 
113,128 
75,097 
200,600 
79,472 
94,050 
18,198 
2,004 
549 



34 
834,910 
15,779 
248,654 
187,023 
131,955 
124,180 
75,070 
52,249 

2,072,503 
3,011,587 
1,286,666 



47,216 
132,615 
154,234 
197,488 
214,652 
227,444 
223,333 
202,104 
140,513 
112,687 
91,866 
62,586 
41,443 
30,661 
21,148 

54,452 
21,605 
25,267 
5,158 



6,496 

1,003 

757,316 
906,974 
355,270 



7,360 
82,029 
182,166 
365 , 569 
492,871 
647,375 
762,834 
838,133 
697,423 
663.693 
614,714 
475,050 
352.369 
283,156 
213,872 

667,237 
363,877 
667,498 
283,731 
59,537 
23,925 
36,253 
15.836 
12,599 

6.305 



3.842 

1,623 

1,134,677 
3,610,133 
4,070,752 



C) 
9,031 
15,226 
15,782 
15,696 
13,022 
12,570 
13,732 
10,587 
7,635 
5,143 
3,230 
2,721 
1,949 

4,553 
1,736 
1,524 



4,645 
11,181 
9,084 
7,611 
3,173 
2,611 
79,659 
73,136 
28,938 



'1,439,871 



4,621 
31,567 
59,046 
92,781 
97,326 
113,349 
129,239 
101,122 
122,359 
101,631 
84,718 
60,034 
42,337 
38,461 
31,636 
86,269 
40,079 
53,811 
18,073 
3,723 



'122,213 
'6,717 
12,083 
26,344 
27,457 
31,785 
14,240 
17, oa 

'390,533 
582,864 
466,474 



652,965 
5,719 
25,907 
42,615 
72,775 
69,916 

77,772 
79,039 
58,884 
58,104 
46,164 

31,6% 
20,033 
13,387 
11,037 
8,066 

17, X7 
6,552 
6,607 
1,121 



7,149 
41,593 
57,332 
53,391 
52,145 
22,976 
23,612 
452,023 
342,943 
U6,702 



642,067 
5,719 
24,824 
41,911 
70,601 
69 , 513 
75,399 
73,939 
53,180 
57,312 
45,762 
31,395 
19,866 
13,152 
10,983 
7,965 
16,254 
6,219 
6,370 
1,039 



244,538 
6,357 
38,619 
51 ,421 
50,535 
51,454 
22,574 
23,578 
433.523 
339,072 
114,005 



208,689 
5,719 
21,775 
23,573 
26,160 
21,781 
20,413 
19,984 
13.568 
14,478 
10,637 

8,072 
5,244 
3,431 
2,856 
2,184 

5,023 
1,306 
1,599 



100,203 
79,130 
30.534 



12,130 
25,697 
36.325 
41,041 
47,905 
57,933 
43,737 
69.631 
57,796 

53,662 
39,233 
28,672 
26,724 
22 , 527 
65,557 
32,056 
44,103 
15,516 
3,268 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Cla, 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31 . —ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES- 



145 



Adjusted gross 



Taxable income 



Amount 



Grand total 

Taxable returns, total 

Under $1, 000 

4l, 000 under 42, 000 

£2, 000 under $3, 000 

S3, 000 inder S4, 000 

$^,000 under $5,000 

$5,000 under i6,000 

$6,000 under S7,000 

£7, 000 under S8, 000 

$8,000 under 59,000 

$9, 000 under $10, 000 

SlO, 000 under Sll, 000 

$11,000 under $12,000 

$12, 000 under SU, 000 

$13, 000 under $U, 000 

$U, 000 under $15, 000 

415,000 under $20,000 

820,000 under 125,000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$100, 000 under $150, OOO 

S150, 000 under $200, 000 

S200, 000 under $500, 000 

$500,000 under $1,000,000.. 
Jl, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross income. . . 

Under $1, 000 

$1,000 under $2,000 

y2,000 under S3, 000 

$3,000 under i4,000 

$4, 000 under $5, 000 

$5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 

Grand total 

Taxable returns, 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 

S6, 000 under 57, 000 

$7, 000 under $8, 000 

SS, OOO under $9, 000 

$9,000 under $10, 000 

$10, 000 under $11, 000 

211, 000 under $12, 000 

$12, 000 under $13, OOO 

S13, 000 under $14, 000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25, 000 under $50, 000 

$50, 000 under $100, 000 

$100, 000 under $150, 000 

Sl50,000 under $200,000.... 

5200,000 under $500,000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total.... 
No adjusted gross income... 
Under $1,000 •- 

i 1,000 under $2,000 
2,000 under $3,000 
3, 000 under $4, 000 
4, 000 under $5, 000 
5, 000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



130,139 
430,177 
527,485 
648,458 
663,176 
624,602 
555,336 
468,147 
353,066 
273,010 
212,618 
145,631 
103,217 
71,232 
56,192 
148,362 
61,665 
83,891 
23,307 
3,509 



506,840 
244,945 
125,589 
79,706 
33,487 
23,061 

3,414,557 

2,299,877 

914,826 



132,870 
151,633 
124,688 

120,040 
86,565 
60,539 
43,907 
31,722 
20,784 
13,557 
9,160 
6,275 
5,145 
12,469 
5,786 
9,029 
1,757 



395,956 
8,607 
163,384 
110,655 
60,833 
36,836 
10,463 
5,178 

921,463 
347,800 
84,431 



17,139 
83,109 
190,353 
283,048 

361, U5 

412,897 

381,521 

300,359 

240,332 

192,167 

133,073 

94,084 

65,350 

51,494 

134,690 

55,073 

74,663 

20,557 

3,007 

1,057 

1,113 

137 

55 



52,025 
112,656 
79,723 
61,458 
28,627 
18,064 

921,328 

1,712,680 

828,158 



40,032,867 

108,124 

642,387 

1,329,597 

2,276,476 

2,986,261 

3,439,413 

3,603,351 

3,502,773 

2,993,665 

2,630,353 

2,226,544 

1,670,840 

1,237,265 

959,400 

813,233 

2,531,501 

1,372,576 

2,808,390 

1,547,927 

419,935 

213,410 

383,726 

123,977 

155,683 



225,229 
356,699 
306,480 
274,426 
148,552 
201,034 

=3,586,401 
16,302,224 
16,583,332 



15,000,945 

130,139 

498,369 

862,831 

1,329,210 

1,603,507 

1,771,170 

1,777,773 

1,608,019 

1,210,172 

947,296 

751,361 

511,936 

363,533 

250,451 

197,934 

542,119 

223,250 

313,425 

85,780 

12,425 



727,123 
718,333 
492,281 
403,587 
193,262 
145,089 



14,510,274 

130,139 

480,633 

315,391 

1.251,551 

1,539,280 

1,709.220 

1,736,516 

1,577,603 

1,186,468 

925,908 

738,913 

501,273 

355,363 

242,949 

191,132 

523,593 

213,076 

293,613 

78,482 

10,865 

3,759 

3,826 

504 

217 



645,408 
571,288 
421,643 
372,659 
132,129 
139,838 



7,019,380 6,461,436 
7,450,314 7,267,605 
3,271,664 3,165,513 



130,139 
430,177 
527,485 
648,453 
663,176 
624,602 
555,336 
463,147 
353,066 
278,010 

212,618 
145,631 
103,217 
71,232 
56,192 

148,362 
61,665 
33,891 
23,307 
3,509 



U,194 
13,165 
10,136 
5,080 
2,485 

2,439,500 

2,231,273 

912,354 



23,979,441 

13,418 
253,013 
605,974 
1,116,720 
1,540,113 
1,794,629 
1,941,054 
1,923,964 
1,760.017 
1,608,232 

1,395,072 

1,083,757 

852.687 

646,048 

551,113 

1,751,300 

987,691 

2,054,048 

1,156,405 

308,780 

153,333 

269,537 

37,755 

114,231 

29,934 



8,813 
2,722 
6,159 

3,553,013 
9,036,276 
11,415,086 



North Carolina 



587,384 

(') 
9,639 
42,867 
72,207 
88,236 

92,664 
76,145 
56,300 
39,764 
29,947 
19,687 
13, (K2 
8,610 
5,803 
4,870 



162,871 
5,196 
26,444 
53,441 
37,236 
28,671 
8,066 
3,817 
372,500 
298,590 
79,165 



25,627 
133,931 
335,827 
532,783 
556,264 
657,569 
558,603 
451,916 
371,202 
293,908 
217,900 
155,901 
114,366 

84,719 

74,448 
211,727 
129,078 
299,031 
113,099 

25,573 

7,571 
14,942 
2,560 
5,314 



'15,468 
77,883 
157,483 
151,593 
127,348 
46,097 
31,424 

'2,134,368 
2,367,190 
1,458,666 



30,399 
113,637 
262,392 
392,367 
388,216 

410,387 
328,305 
228,111 
157,370 
107,099 

76,985 
52,955 
33,216 
21,938 
19,033 
43,913 
21,973 
35,548 
6,761 



24,849 
317,288 
369,374 
275,191 
212,766 
72,748 
37,510 

2,459,727 

1,268,784 

314,048 



30,399 
112,572 
256,397 
385,232 
380,570 

405,676 
326,033 
224,861 
155,905 
104,376 
75,887 
52,336 
32,665 
21,184 
18,622 

42,398 
21,219 
33,797 
6,242 



22,725 
296,249 
350,071 
265,054 
209,262 
72,368 
36,924 
2,381,399 
1,253,339 
305,812 



957,738 

30,399 

91,095 

132,370 

151,633 

124,688 

120,040 

86,565 

60,539 

43,907 

31,722 

20,784 

13,557 

9,160 

6,275 

5,145 

12,469 

5,786 

9,029 

1,757 



534,001 
343,058 
84.319 



4,720 
52,578 
130,348 
217,042 
228,160 
301,091 
265,274 
238,998 
212,753 
136,953 
133,469 
99,037 
75,233 
57,020 
50,190 
151,143 
93,550 
226,859 
87,832 
19,530 
5,399 
10,513 
2,115 
3,869 



635,375 
1,205,693 
1.016.179 



Footnotes 



end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classificatii 



146 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Concln 



Adjusted gross 



Amount 



Grand total. 



Taxable returns, total. 
Under $1, 000 

41,000 under $2,000.. 
S2, 000 under S3, OOO. . 
S3, 000 inder S4,000. . 
Si, 000 under $5, 000. . 



55,000 under &' 
S6, OOO under f 
27,000 under S: 
£8,000 under S' 
$9,000 under $ 
;plO,000 under ; 
£11,000 under : 
S12, 000 under ; 
$13,000 under : 
$14,000 under ; 



.11, 000. 
,12,000. 
,13,000. 
,14, 000. 
15,000. 



il5, 000 under $20, 000 

$20, 000 under $25, 000 

$25, 000 under $50, 000 

$50,000 under $100,000 

iplOO, 000 under $150, 000. . . 
ail50,000 under $200,000... 
S200,000 under $500,000... 
S500,000 under $1,000,000. 
^1, 000, 000 or more 



Nontaxable returns, total. 
No adjusted gross income 



Under $1, 000 

41,000 under $2,000. 
y2,000 under $3,000. 
$3,000 under $4,000. 
^4,000 under $5,000. 
»5,000 or more 



Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



Grand total. 






Und, 



$1, 000 

tl, 000 under $2, 000 

$2,000"under p,000 

$3, 000 under S4, 000 

$4, 000 under $5, 000 

$5, 000 under $6, 000 

S6, 000 under $7, 000 

$7,000 under $8,000 

$8, 000 under S9, 000 

$9, 000 under $10, 000 

$10, 000 under $11, 000 

£11,000 under $12,000 

$12, OOO under $13, 000 

$13, 000 under $14, 000 

$14, 000 under $15, 000 

il5,000 under 1^20,000 

$20, 000 under $25, 000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$J00, 000 under $150, OOO 

Sl50,000 under $200,000 

$280^000 under $500, 000 

$500,000 under $1,000,000. 
$1,000,000 or more 



No adjusted gross income... 
Under $1, 000 •■ 

i 1,000 under $2,000 
2, 000 under S3, 000 
3, 000 under $4, 000 
4, 000 under $5, 000 
5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



North Dakota 



209,068 



140, 241 
3,478 
18,268 
13,812 
20,612 
21, 198 
13,771 
13,446 
11,443 
5,471 
6,756 
3,104 
2,300 
1,005 



68,827 
4,222 

21,429 
17,613 
11,133 
6,819 
5, OSS 
2,523 

143, 672 
53,372 
12,024 



,789,X9 
73,844 
207, 894 
218,384 
265,851 
302,011 

362,335 
344,560 
273,920 
198,544 
166,038 
103,337 
70,170 
47,077 



49,659 
18,286 
25,519 

6,085 



571, 103 
13,911 
251,680 
141,001 
82,392 
38,368 
23,422 
20,329 



5,637 
11, 168 
15,929 

10,788 
11,157 
9,954 
5,070 
6,656 



43,790 
2,610 
6,834 

11,712 
9,406 



75,796 
46, 110 
11,537 



780,671 
3,118 
27,501 
35,840 
71,550 
96,108 



45,883 
64,033 
32,663 
26,448 
12,682 
11,209 
10,626 

36,607 
20, 168 
27,616 
5,875 
2,004 
494 
2,001 



1,330 
^118,038 
'5,858 
10,522 
25,881 
26, 759 
23,835 
22,924 
13,975 

^338,180 
370,266 
190,263 



414,533 
3,478 
20,799 
26, 542 
48,728 
69,857 
49,920 
47,900 
48,263 
20,213 
26,640 



261, 705 
U,192 
43,433 
61,455 
46,849 
39,332 
36, 509 
20,935 

410, 174 
213,792 
52,272 



400,674 

3,478 
20,264 
24,639 
46,435 
66,285 



47,460 
19,911 
25,845 

14,855 
9,057 
3,709 
3,012 
3,637 
8,655 



11,494 
38,694 
52,093 
42,071 
38,629 
35,421 
20,935 

379,503 
209,884 
50, 624 



145,789 



140,241 
3,478 
18,268 
13,812 
20,612 
21,198 
13,771 
13,446 
11,443 
5,471 
6,756 
3,104 
2,300 
1,005 



82,078 
51,691 
12,020 



11,607 
15,076 
32,479 
40,225 
34,106 
45,411 
43,531 
25,697 
37,393 
19,011 
17,302 
8,560 
7,963 
7,001 
26,672 
15,857 
21,462 
4,877 
1,799 
460 



1,282 
3,324 



1,229 
1,205 



102,540 
186,874 
134,123 



12,360 
57,440 
106,347 
164,283 

271,567 
283,744 
244,578 



97,847 
67,397 
45,205 
X,287 
20,706 
47,221 
16,616 
23,483 
5,523 



265,103 
7,773 
39,445 
86,330 
60,119 
31,812 
21,224 
18,400 

587,133 

1,160,271 

355,847 



18,735,585 
61,366 
308,353 
545,675 
933,653 
1,368,058 

2,001,163 

2,238,829 

2,044,939 

1,681,266 

1,573,233 

1,080,818 

804,223 

586,978 

434,367 

319,651 

842,213 

405,599 

850,767 

399,502 

97,010 

43,420 

75,171 

20,993 

18,338 

'834,065 
'41,092 
108,662 
204,992 
200,290 
131,237 
103,523 
126,453 



73,844 
238, 161 
367,999 
568,802 
799,592 

1, 180, 524 
1,196,240 
991,421 
756,209 
616,842 
372,362 
249,003 
168,933 
112,564 

79,185 
184,505 

69,280 
100,238 

23,631 
3,017 

905 



36,999 
389,084 
448,892 
349,203 
200,664 
149,796 
144,290 



1,076 



9,440,730 



7,930,114 
73,844 
231,499 
339,375 
535,929 
775,159 

1,142,096 
1, 177, 763 
971,028 
748,924 
604,206 
367,484 
246,096 
165,493 
110,024 
76,946 
178,525 
65,665 
94, 159 
21,663 



29 
1,510,616 
32,302 
350,570 
355,917 
296,474 
189,310 
146,326 
139,717 

3,326,705 
4,781,692 
1,332,333 



2,811,656 



2,789,309 
73,844 
207,894 
218,384 
265,851 
302,011 

362,335 
344,560 
273,920 
198,544 
166,088 
103, 337 
70,170 
47,077 
32,259 
22, 110 
49, 659 
18,286 
25,519 



22,347 
(') 



10,995 

127, 702 
254,608 
465,752 
696, 164 

1,000,736 
1,187,886 
1,154,485 
969,974 
970,957 
706, 178 
547,233 
408,831 
310,195 
231, 128 
625,480 
314,141 
695,846 
335,023 
79,918 

35,012 
58,321 
15,240 
15,374 



1,211 
5,955 
4,218 
(*) 
4,350 

1,568,875 
5,287,254 
4,379,054 



, end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classificati 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



147 



Adjusted gross income classi 



Amount 
(Thou»Mnd 



Grand total 

Taxable returns, total 

Under $1,000 

4l, 000 under i2, 000 

S2, 000 under $3, 000 

S3, 000 vnder S4,000 

$4, 000 under $5, 000 

$5, 000 under S6, 000 

16, 000 under S7, 000 

S7,000 under £8,000 

^8, 000 under S9, 000 

59,000 under $10,000 

SlO, 000 under Sll, 000 

^11,000 under S12,000 

S12,000 under 813,000 

S13, 000 under S14, 000 

$14, 000 under ?15, 000 

415, 000 under *20, 000 

|20, 000 under S25, 000 

S25, 000 under S50, 000 

$50,000 under $100,000 

SlOO, 000 under $150, 000 

SISO, 000 under *200, 000 

S200, 000 under $500, 000 

$500,000 under $1,000,000.. 
Jl, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross income. . . 

Under $1, OOO 

$1, 000 under $2, OOO 

^2, 000 under $3, 000 

p, 000 under $.4, 000 

i'V, 000 under $5, 000 

$5, 000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

$1, 000 under $2, 000 

S2, 000" under $3, 000 

S3, 000 under S^i, 000 

4a, 000 under $5, 000 

$5,000 under $6,000 

$6, 000 under 27, 000 

$7, 000 under $8, 000 

£8,000 under 39,000 

$9, 000 under $10, 000 

$10, OOO under $11, 000 

$11,000 under $12,000 

$12,000 under $13,000 

$13, 000 under Sli, 000 

$W, 000 under $15, 000 

$15, 000 under $20, 000 

$20,000 under £25,000 

$25, 000 under $50, 000 

^0,000 under $100,000 

$100,000 under $150,000 

$150, 000 under $200, 000. . . . 

£200, 000 under $500, 000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total.... 

No adjusted gross income... 

Under $1, 000 

$1, 000 under $2, 000 

$2,000 under $3,000 

$3, 000 under $.;, 000 

$4,000 under $5,000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, OOO or more 



8,870 
92,159 
56,088 
28,663 
17,514 
3,903 
3,040 

478,721 
208,706 
59,678 



747,105 


490,411 


536,868 


375,215 


21,065 


. 


57,426 


7,406 


48,378 


22,231 


70,764 


47,988 


73,891 


53,450 


63,860 


56,576 


54,488 


49,600 


37,558 


35,762 


32,216 


29,611 


17,538 


15,794 


15,128 


14,826 


10,186 


9,755 


6,814 


6,477 


5,311 


5,144 


3,689 


3,388 


8,761 


3,261 


3,400 


3,066 


5,077 


4,699 


1,029 


925 



501,730 
15,826 
41,186 
41,205 
49,192 
59,362 

70,033 
55,452 
48,086 
■33,983 
21,592 
17,479 
12,956 
8,900 



5,343 

56,053 
31,066 
17,981 
9,884 

3,159 
329,739 
232,137 
65,981 



7,165 
22,671 
38,919 
24,573 
16,913 
C) 

2,046 

244,275 
189,345 
56,791 



17,589 
32,539 
119,131 
246,053 
332,731 
349,749 
351,702 
281,943 
273,247 
165,489 

158,426 

117,109 
84,749 
71,599 
53,407 

147,991 
75,411 

169,371 



'241,652 
'49,567 

44,902 
80,601 
69,946 
59,183 
17,440 
19,247 

'1,020,498 

1,440,427 

993,531 



36,716 
133,349 
231,177 



138,047 
107,335 
65,020 
54,329 
34,840 
23,133 
19,331 
13,119 

31,581 
12,040 
19,360 
3,797 
556 



11 
594,030 
25,229 
154,212 
171,792 
120,640 



1,175,006 
734,963 
212,688 



21,065 
70,119 
34,300 
175,820 
225,565 
218,901 
185,959 
134,749 
105,837 
63,717 
53,333 
33,939 
22,631 
18,948 
12,736 

30,781 
11,475 
18,344 
3,390 



540,292 
21,926 
140,653 
147,575 
112,911 
86,887 
19,018 
11,322 

1,105,839 
720,352 
206 . 563 



275,728 
206,711 
59,642 



21,065 


3.040 


57,426 


23,094 


48,378 


43,900 


70,764 


96,385 


73,391 


135,149 


63,360 


154,227 


54,488 


179,376 


37,558 


152,555 


32,216 


164,050 


17,588 


99,596 


15,128 


99,577 


10.186 


73,600 


6,814 


57,935 


5,311 


48,396 


3,689 


37,452 


8.761 


103,603 


3,400 


58,099 


5,077 


135,172 


1,029 


57,683 


142 


13,983 


38 


5,356 


49 


10,665 



313,335 
751,722 
719,332 



3,391 
10,581 
24,647 
40,280 

54,943 
47,709 
44,900 
32,893 
20,401 

17,012 
12,490 
8,468 
5,970 
3,320 

7,735 
2,541 
4,518 



11,282 
19,137 
14,997 



139,934 
203,837 
63,175 



13,369 
62,459 
103,094 
172,597 
269,561 

384,827 
361,195 
359,844 
290,087 
204,770 
182,890 
143,620 
110,902 
33,653 
50,406 

139,742 
59,400 

160,784 
56,534 



26,375 
45,295 
44,761 
34,222 



'756,066 
1,617,848 
1,026,447 



15,826 
48,559 
69,300 
104,148 
165,308 
240,140 
187,855 
187,036 
121,858 
80,273 

64,863 
47,128 
32,404 
21,124 
13,400 



14,522 
37,729 
97,393 
75,333 
48,539 

20,630 
743,603 
837,180 
243 ,438 



15,826 
46,971 
63,845 
100,562 
157,651 
235,064 
186,361 
185,744 
121 . 589 
73,134 

64,007 
46,233 
31,740 
20,395 
13,168 
28,735 
10,717 
17,851 
3,147 



13 ,414 
76,951 
78,604 
64,223 
43,179 

19,172 
677,581 
825,667 
236,962 



501,730 
15,826 
41,186 
41,205 
49,192 
59,362 
70,033 
55,452 
48,086 
33,983 
21,592 



8,232 
2,673 

4,818 



211 , 345 
230,145 
65,912 



2,528 
25,337 
49,073 
36 ,417 
131,008 
133,944 
191.047 
192,933 
170,728 
124,112 
116,928 
98,403 
74,734 
57,867 
35,495 
101,304 
42,962 
125,190 
44.921 
8.989 
3,275 
3,363 
5,206 



297,690 
864,287 
724,836 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classific 



148 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross income classes 



other than 
age or 
blindness 



Amount 



Grand total 

Taxable returns, total 

Under $1, 000 

tl, 000 under 42, 000 

S2, 000 under S3, 000 

S3, 000 under S4, 000 

$4,000 under $5,000 

|5, 000 under $6, 000 

$6, 000 under S7, 000 

S7,000 under £8,000 

sa,000 under 29,000 

$9, 000 under $10, 000 

SlO, 000 under ^11, 000 

f 11, 000 under 112, 000 

il2, 000 under $13, 000 
13, 000 under 4l4, 000 
14,000 under $15,000 

tl5,000 under $20,000 

$20,000 under $25,000 

$25, 000 under S50, 000 

$50,000 under $100, 000 

$100, 000 under $150, 000 

»150, 000 under $200, 000 

$200, 000 under $500, 000 

$500, OOO under $1, 000, 000 

'l, 000, OOO or more 

Nontaxable returns, total 

No adjusted gross inccme 

Under $1, 000 

$1,000 under $2,000 

f 2, 000 under $3, OOO 

p,000 under ^4,000 

S4, 000 under $5,000 

^5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000 

Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1, 000 

$1, 000 under $2, 000 

$2, 000' under $3, 000 

$3, 000 under S4, 000 

$4, 000 under $5, 000 

$5,000 under $6,000 

$6, OOO under $7, 000 

$7,000 under $8,000 

£8, 000 under S9, 000 

$9,000 under ^10,000 

$10, 000 under $11, 000 

Sll, 000 under $12, 000 

$12,000 under $13,000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under 1425,000 

$25, 000 under $50, 000 

$50,000 under $100,000 

$100, 000 under $150, 000 

$150,000 under $200, 000 

$20e;«X> under $500, 000 

$500, 000 under $1, 000, 000 

$1,000,000 or more 

Nontaxable returns, total 

No adjusted gross income 

Under $1, 000 

!1, 000 under $2, 000 
2, 000 under S3, 000 
0,3, 000 under S4, 000 

$4, 000 under $5, 000 

$5, 000 or more 

Returns under $5, 000 

Returns $5, 000 under $10, 000 

Returns $10, 000 or more 

Footnotes at end of table. See text for "Description of the Sampli 



3,338,551 

84,117 
276,201 
330,330 
382,698 
437,130 

460,281 
385,667 
274,355 
204,941 
143,201 
96,447 
61,912 
41,807 
27, 987 
20,258 
52,751 
21,423 
27,935 
7,084 



20,338 
308.095 
169,312 
36,126 
58,173 
22,910 
17,281 

2,176,430 

1,435,045 

359,311 



31,750 
40,8^6 
33,583 



21,151 
16,312 
3,377 
6,610 
4,204 
2,506 
1,771 
1,712 
2.545 
1.742 



,3=2 



15,335 
68,448 
154,599 
244,246 

339, 354 
316,668 
253,004 
139,356 
131,574 
91,461 
57,970 
39,317 
25,605 
19,072 
48,410 
19,548 
24,760 
6,329 



305,424 
12,378 
43,571 
96,483 
63,370 
46,870 
21,620 
16,032 

772,120 

1,245,580 

334,197 



20,787,799 

71,385 
404,290 
830,255 
1,339,825 
1,967,176 
2,542,154 
2,502,169 
2,046,578 
1,734,271 
1,356,314 

1,008,644 
709,582 
520,863 
376,692 
292,815 
899,098 
476,570 
930,399 
455,378 
104,381 
54,439 
73,292 
33,315 
46,713 

'971,081 
'55,898 
142,159 
245,527 
213,891 
201,254 
101,651 
122,497 

'5,461,516 

10,273,326 
6,019,038 



9,298,191 

84,117 
319,080 
523,810 
801,739 
1,188,456 

1,461,191 

1,334,470 

1,031,398 

755,895 

4a", 317 

341,962 

219,978 

146,104 

99,707 

72,426 

200,242 

81,394 

104,922 

26,602 

3,075 

1,152 
914 
145 



2,022,663 
57,242 
4«),745 
531,408 
360,936 
315,730 
142,601 
134,001 

4,805,864 
5,213,952 

1,301,023 



9,077,133 

84,117 

307, 532 

498,841 

753,972 

1,157,717 

1,433,295 

1,312,218 

1,020,808 

743,261 

490,670 

336,303 

216,882 

143,583 

96,720 

69,840 

193,230 
78,018 
96,332 
24,264 
2,616 



1,820,523 
50,575 

428,984 
451,321 
318, 867 
302,595 
139,735 
128,446 

4,499,255 

5,137,100 
1,261,300 



3,360,078 



12,170,250 



3,333,551 

84,117 
276,201 
330,830 
382,598 
437,130 

460,281 
335,667 
274,355 
204,941 
143,201 



52,751 
21,428 
27,935 
7,084 



1,530,674 

1,470,039 

359,365 



12,155,446 
13,490 
152,300 
402,117 
558, 555 
968,185 

1,272,643 
1,318,594 
1,109,180 
1,015,872 
861,319 

656,552 
477,569 
360,171 
253,171 
208,963 
552,507 
355,099 
743,727 
388,895 
85,412 
43,759 
58,221 
25,797 
27,337 



C) 
1,530 
6,018 
2,896 

(') 



2,225.600 
5,580,684 
4,363,956 



Rhode Island 



4,254 
12,773 
21,610 
26,924 
22,426 
19,836 
15,321 
8,187 
5,177 
3,871 
2,405 
1,571 
1,441 
2,310 
1,573 
2,109 
495 



2,433 
4,549 
5,814 
1,876 
(*) 



190,273 
169, 888 
158,362 
137,201 
84,501 
69,175 
48,089 
31,251 
23,859 
24,836 
48,239 
33,951 
78,152 
38,458 
8,151 

2,877 
6,632 
5,509 
1,177 



13,975 

13,036 

20,431 

6,382 

8,371 

10,586 

'476,158 

720,199 

426,073 



594,407 

8,534 
27,755 
44,737 
78,401 
92,009 

109, 183 
85,257 
67,385 
54,290 
38,420 
24,045 
14,122 
9,240 
6,683 
6,246 
9,678 
6,679 
8,940 
2,351 
230 
53 



41,770 
25,995 
35,779 
9,586 
10,497 
13,443 
377, 599 
357,915 
88,449 



673, 874 
8,584 
27,656 
42,163 
75,739 
87,925 

104, 551 
83,876 
55,770 
54,290 
38,222 
23, 542 
13,855 
9,140 
6,581 
5,841 
9,176 
5,145 
8,360 
2,134 



37,003 
IS, 799 
30,670 
9,093 
9,314 
13,409 
348,432 
J6O.0S4 
85,132 



271,273 
8,584 
24,730 
31,750 
40,846 
33,583 

34,573 
26,369 
21,151 
16,312 
8,877 
6,610 
4,204 
2,505 
1,771 
1,712 
2,845 
1,742 
2,352 
590 
67 



936,701 
1,013 
15,725 
42,988 
73,551 
72,307 
95,707 
90,302 
96,424 
86,629 
48,026 
45,105 
33,190 
21, 797 
16,802 
17,375 
35,737 
29,802 
63,043 
31,340 
6,723 



206, 370 
417,068 

314 028 



Limitations of the Data" and "Explanation of Cla 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



149 



Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES- 



Ad.usted gross : 



Amount 



South Carolij 



Grand total 

Taxable returns, total 

Under $1, 000 

£l, 000 under i2, 000 

ia, 000 under S3, 000 

S3, 000 vnder Si, 000 

$4,000 under $5,000 

i5, 000 under S6, 000 

^6, 000 under S7, 000 

f.7, 000 under S8, 000 

$8, 000 under S9, 000 

59,000 under $10,000 

:n0, 000 under Ijll, 000 

$11, OOO under il2, 000 

S12, 000 under il3, 000 

S13, 000 under S14, 000 

$U, 000 under ?15, 000 

il5,000 under 420,000 

820,000 under S25,000 

S25, 000 under S50, 000 

S50,000 under $100,000 

SlOO, 000 under $150, 000 

iil50, 000 under $200, 000 

£200, 000 under $500, 000 

S500,000 under $1,000,000.. 
Jl, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross income. . . 

Under $1, 000 

$1, 000 under $2, 000 

^2,000 under S3, 000 

*3,000 under $4,000 

y4, 000 under $5, 000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 

Grand total 

Taxable returns, 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 

S6, 000 under yV, 000 

^7,000 under 28,000 

is, 000 under $9, 000 

$9,000 under $10,000 

$10, 000 under $11, 000 

$11,000 under $12,000 

£12,000 under $13.000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 inder :^20,000 

$20, 000 under $25, 000 

$25,000 under $50,000 

$50,000 under $100,000 

$100, 000 under $150, 000 

$150,000 under $200,000 

$200, 000 under $500, 000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total.... 

No adjusted gross income. . . 

Under $1, 000 

$1, 000 under $2, 000 

$2,000 under $3,000 

$3, OOO under $4, 000 

$4,000 under $5,000 

$5,000 or more 

Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



629,877 



463,170 
19,454 
39,306 
67,141 
71,688 
59,499 
51,801 
43,288 
31,128 
26,030 
14,762 
U,253 
7,436 
4,832 
2,786 
2,116 
5,162 
2,111 
2,772 



166,707 
3,378 
69,937 
41,211 
22,874 
21,103 
6,249 
1,955 

421,840 



150,326 
5,962 

16,354 
16,402 
18,457 
21,462 

15,326 
18,804 
12,947 
■ 8,159 
3,586 
3,601 
2,122 
1,448 
1,258 



5,228 
31,820 
19,718 
12,197 

6,817 
C) 

2,793 
156,915 
61,615 
12,867 



290,468 

3,941 
19,119 
39,198 
42,487 
41,628 
38,005 
30,250 



7,218 
4,684 
2,715 

1,930 



69,530 
1,397 
8,729 
18,945 
15,744 
17,098 
5,662 
1,955 

172,320 
150,276 
37,402 



16,152 
57,595 
168,892 
255,633 
265,591 
284,571 
282,451 
231,971 
220,361 
140,434 

117,457 
85,195 
60,263 
37,359 
30,491 

87,697 
47,092 
93,599 
34,390 



^255,558 
'6,383 
30,490 
61,138 
55,907 
72,225 
27,860 
14,321 

'1,005,100 
1,171,834 

610,686 



19,454 
50,401 
U0,480 
187,895 
195,119 

197,431 
152,262 
107,225 
97,089 
58,654 
41,407 
26,653 
17,533 
11,397 
7,385 
19,634 
8,187 
11,766 
2,206 



8,430 
113,422 
127,486 
1U,530 
123,689 
46,199 
16,934 

1,114,105 
629,138 
146,900 



19,454 
50,207 
128,817 
186,433 
192,783 
196,650 
150,953 
106,934 
95,727 
57,874 

40,835 
26,223 
17,009 
10,794 

7,122 
19,173 

7,878 
11,363 



527,233 
7,360 
106,952 
120,853 
108,278 
121,348 
45,710 
16,732 



,195 



463,170 
19,454 
39,306 
67,141 
71,688 
59,499 
51,801 



31,128 
26,030 
14,762 
11,253 
7,436 
4,832 
2,786 
2,116 

5,162 
2,111 
2,772 



258,844 
167,203 
39,169 



South Dakota 



(') 
5,391 
12,861 
16,390 

13,430 
16,814 
10,266 

7,067 
3,485 

3,321 
1,958 
1,416 
1,133 



45,134 
3,820 
7,150 

13,450 
9,208 
6,315 

2,793 
79,098 
53,855 
12,129 



835,152 
5,058 
24,970 
40, 589 
64,249 
97,021 



37,746 
24,414 
18,114 
16,904 
10,498 
32,282 
18,243 
28,074 
9,192 
1,157 
319 



'115,804 

15,056 
29,549 
29,390 
23,609 
C) 

16,160 
'331,531 
421,286 
198,139 



457,124 
5,962 
20,658 
27,286 
48,116 
77,805 
61,656 
75,090 
43,842 
32,346 
12,848 
14,602 
8,028 
6,354 
4,315 
2,961 
7,364 
3,381 
3,903 



18,498 

57,507 
67,116 
47,034 
38,807 
C) 

22,623 
424,289 
248,405 
51,515 



441,620 
5,962 
20,356 
25,986 
45,224 
74,493 
59,867 
73,897 
41,952 
31,649 
12,747 
14,478 
7,584 
5,975 
4,220 
2,772 

7,021 

3,162 

3,692 

524 

44 



51,811 
57,929 
39,562 
37,111 



390,535 
242,735 
49,487 



150,326 

5,962 
16,354 
16,402 
18,457 
21,462 
15,326 
13,804 
12,947 

8,159 



3,601 
2,122 
1,448 
1,258 



82,538 
59,527 
12,867 



2,849 
19,758 
67,273 
107, U4 
107,893 

121,616 
145,394 
131,114 
129,031 
84,052 

74,202 
56,895 
39,844 
24,415 
21,474 
62,472 
34,920 
71,782 
27,842 
3,721 
1,605 
3,679 
2,188 



306,017 
614,794 
426,190 



9,711 
18,464 
27,576 
35,732 
34,029 
61,244 
54,004 
40,718 
21,508 
24,195 
16,402 
11,996 
12,411 

7,450 
24,645 
14,625 
23,273 

8,232 

1,014 
292 



95,266 
213,038 
145, 592 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms. 



150 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 



Table 31. —ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES- 



Ad.iusted gross 



Amount 



Inccsne ta 
after 
credits 



Grand total 

Taxable returns, total 

Under $1, 000 

il, 000 under 42, COO 

S2, 000 under S3, 000 

S3, 000 inder £4,000 

54, 000 under $5, 000 

55, 000 under |6, 000 

^6, 000 under £7, 000 

S7, 000 under £8, 000 

^8, 000 under £9, 000 

$9, 000 under $10, 000 

;il0,000 under ill, 000 

ill, 000 under |l2, 000 

£12,000 under il3,000 

il3, 000 under $14, 000 

$14, 000 under $15,000 

tl5, 000 under $20, 000 

$20,000 under £25,000 

£25, OOO under £50, 000 

£50,000 under $100,000 

$100,000 under $150,000.... 

$150, 000 under $200, 000 

S200, 000 under £500, 000 

$500,000 under $1,000,000.. 
.,1,000,000 or more 

Nontaxable returns, total.... 
No adjusted gross income... 

Under $1, 000 

$1, 000 under $2, 000 

^2,000 under $3,000 

$3,000 under $4,000 

S4,000 under $5,000 

$5,000 or nrare 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

$1, OOO under $2, 000 

$2,000'under $3,000 

S3, 000 under £4, 000 

$4,000 under $5,000 

$5, OOO under $6, 000 

$6, 000 under $7, 000 

$7,000 under £8,000 

ifS, 000 under S9, 000 

$9,000 under $10,000 

$10, 000 under $11, 000 

ill, 000 under £12, 000 

£12,000 under $13.000 

£13,000 under X14,000 

$14, 000 under $15, 000 

$15,000 under $20,000 

$20, 000 under $25, 000 

S25, 000 under $50, 000 

$50,000 under $100,000 

$100,000 under $150,000 

$150, 000 under $200, 000 

$200, 000 under $500,000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total.... 
No adjusted gross income... 
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 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 



105,931 
102,956 
109,904 

81,845 
79,461 
57,528 
43,825 
30,920 
20,939 
14,492 
8,814 
6,187 
4,512 
10,389 
5,695 
7,961 
1,587 



299,586 
4,902 

125,011 
79,523 
54,346 
26,385 



1,458 
5,409 



98,307 
67,352 
48,852 
34,531 
24,339 
19,093 

45,901 
18,040 
23,092 
4,957 



33,680 
325,858 
181,244 
104,178 
73,24^ 
25,842 
14,171 
1,312,944 
918,845 
288,224 



6,085 
37,197 
62,931 
77,533 
63,538 
69,121 
52,532 
42,418 
26,018 
20,013 
13,342 
8,484 
5,965 
4,292 
9,740 
5,287 
7,304 
1,436 



3,695 
34,823 
43,603 
37,164 
23,961 
6,202 
2,540 

333,194 
255,925 

76,381 



,683,273 
17,092 
111,770 
263,897 
359,532 
495,276 

451,847 
512,003 
427,120 
372,503 
293,050 
219,254 
166,185 
109,739 
83,546 
65,253 
185,124 
126,730 
269,580 
104,237 
21,673 



-'433,741 
'15,092 
66,037 
112,911 
133,645 
91,304 
27,725 
22, 2U 

'1,664,147 
2,074,031 
1,333,836 



20,661 
95,302 
204,912 
268,313 
324,144 

261,521 
262,340 
215,331 
146,905 
94,523 
76,959 
51,609 
31,588 
22,150 
15,523 
39,657 
21,042 
29,162 
5,876 



988,618 
12,903 
251,579 
257,595 
252,026 
157,012 
37,694 
19,307 

1,382,143 
999,949 
295,619 



20,661 
93,939 
193,407 
263,574 
318,164 
257,722 
259,244 
213,297 
144,981 
94,006 
75,687 
50,714 
30,317 
21,633 
15,225 

38,240 
20,075 
27,585 
5,519 



U,925 
228,645 
239,133 
241,718 
154,473 
37,320 
19,087 

1,808,014 
937,376 
287,408 



790,997 
20,661 
76,600 
105,931 
102,956 
109,904 
31,845 
79,461 
57,528 
43,825 
30,920 



10,889 
5,695 
7,961 
1,587 



420,386 
293,767 
81,450 



2,928 
40,132 
104,807 
145,400 
227,017 
222,703 
273,374 
228,572 
226,153 
188,740 
137,974 
110,904 
73,837 
57,853 
46,141 



220,773 
87,760 
18,348 
3,793 
3,916 
3,718 
2,696 



2,331 
1,639 



523,521 

1,139,835 
1,012,330 



25,232 
102,463 
151,795 
204,331 
204,957 
202,870 
166,237 
136,312 

93,845 

63,733 
46,156 
32,463 
22,838 
17,828 

41,011 
16,169 
20,269 
4,313 



407,170 
21,794 
73,536 

119,608 
86,443 
66,693 
25,501 
13,545 

877,446 

817,220 



14,415,513 
59,139 
315,247 
632,072 
921,931 
1,217,803 

1,344,330 

1,473,468 

1,403,711 

1,235,316 

930,005 

705,684 

560, 592 

431,328 

327,822 

276,735 

785,457 

401,476 

773,875 

329,748 

93,492 

35,762 



'1,023,939 
'107,326 
149,370 
263,014 
256,385 
252,682 
U5,315 
94,999 

'4,075,132 
6,472,087 
4,892,238 



70,238 
260,620 
492,299 
674,263 
859,293 
818,020 
854,729 
653,510 



241,246 
173,344 
122,736 
86,788 
68,685 
162,344 
67,877 
87,170 
17,965 
2,721 
717 



2,390,949 

92,504 

563,697 

592,858 

462,036 

415,003 

163,373 

100,973 

4,646,684 

3,304,055 

1,035,545 



70,238 
252,547 
476,027 
653,636 
849,265 
800,051 
844,805 
642,302 
524,036 
344,338 
236,671 
170,721 
120,696 
84,451 
66,733 
157,043 
64,860 
82,344 
16,520 
2,413 



2,229,166 

85,569 

513,913 
533,889 
428,853 
407,014 
161,227 
98,701 

4,437,178 
3,252,162 
1,006,742 



70,238 
213,393 
250,392 
263,417 
271,458 

245,409 
228,116 
187,928 



67,352 
48,852 
34,581 
24,339 
19,093 
45,901 
18,040 
23,092 



6,666 



1,084,685 
907,365 
287,7 



10,339 
121,456 
253,575 
333,125 
520,324 
652,168 
740,370 
796,308 
731,768 
583,527 
455,979 
377,330 
293,397 
233,355 
199,1U 

583,145 
312,163 
641,097 
283,019 
80,208 
30,712 
54,455 
38,540 
33,528 



3,979 
3,012 

7,547 

1,304,751 
3,509,398 
3,a34,334 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classifications and Terms. 



INDIVIDUAL INCOME TAX RETURNS FOR 1%2 



151 



Table 31— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



Adjusted gross 



Amount 



Inccme tax 
after 
credits 



Grand total 

Taxable returns, total 

Under $1, 000 

4l, 000 under 42, 000 

»2, 000 under S3, 000 

S3, 000 inder S4, 000 

$4, 000 under $5, 000 

45, 000 under |6, 000 

^6,000 under S7,000 

S7, OOO under £8, 000 

Js, 000 under S9, 000 

!f9, 000 under JIO, 000 

Sl0,000 under ill, 000 

S11,000 under |l2,000 

$ia, 000 under S13, 000 

S13, 000 under S14, 000 

JU, 000 under $15, 000 

*15, 000 under $20, 000 

S20,000 under $25,000 

$25, OOO under $50, 000 

i50,000 under $100,000 

$100, 000 under $150, 000 

iil50, 000 under $200, 000 

S200,00O under 1500,000 

S500,000 under $1,000,000.. 
Jl, 000, 000 or more 

Nontaxable returns, total.... 
No adjusted gross income. . . 

Under $1, 000 

$1, 000 under $2, 000 

^2, 000 under $3, 000 

^3f 000 under ^4, OOO 

S4,000 under $5,000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10,000 or more 

Grand total 

Taxable returns, total 

Under $1,000 

$1, 000 under $2, 000 

$2,000"under |3,000 

S3, 000 under S4, 000 

$i, 000 under $5, 000 

$5, 000 under $6, 000 

S6, 000 under i?, OOO 

S7,000 under 88,000 

S8, 000 under $9, 000 

$9, 000 under $10, OOO 

$10,000 under $11,000 

ill, 000 under $12,000 

il2, 000 under $13, 000 

S13,000 under K14,000 

$14, 000 under $15, 000 

$15, 000 under pO, 000 

$20,000 under S25,000 

Ip25, 000 under S50, 000 

If 50, 000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000.... 
$200,000 under S500,000. ... 
S500, 000 under $1, 000, 000. . 
$1,000,000 or more 

Nontaxable returns, total.... 

No adjusted gross income. . . 

Under $1,000 

$1, 000 under $2, 000 

$2, 000 under S3, 000 

$3, 000 under S4, 000 

$4, 000 under $5, 000 

$5,000 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



244,718 
9,646 
24,913 
22,206 
18,491 
24,035 
28,122 
33,984 
21,361 
20,095 
9,343 
10, 014 
6,357 
3,795 



3,937 
1,605 
1,557 



61,993 
2,334 
28,044 
11,703 
8,409 
5,423 

4,103 

157,206 
116,975 
32,530 



95,971 
2,778 

11,728 
9,727 

15,167 

15,853 

13,436 
9,133 
4,406 
2,850 



36,810 
1,208 

18,951 
6,636 
5,229 
2,290 



91,358 
33,778 
7,645 



15,633 
22,047 
31,051 
19,311 
19,896 
9,244 
9,781 
6,257 
3,729 
2,796 
1,931 

3,771 
1,472 
1,534 



3,289 
7,984 
6,748 



^1,638,566 



1,545,159 
8,079 
37,754 
54,235 
65,106 
108,797 
152,638 
219,805 
160,518 
170,397 
88,786 
104,501 
72,947 
47,306 
38,799 
28,336 
67,697 
35,968 
54,551 
20,726 
4,328 



^93,407 
'9,218 
12,069 
17,435 
20,400 
18,549 



^341,972 

817,191 
479,403 



774,857 
9,646 
27,288 
32,054 
42,503 
68,329 

94,966 
140,502 
89,496 
90,213 
42,243 
41,689 
26,597 
16,115 
12,548 
7,827 
16,525 
7,561 
7,223 
1,319 



192,349 
7,990 

39,211 
35,964 
34,783 
30,069 
C) 
29,304 

342,865 
486,558 
137,783 



941,240 



764,112 
9,646 
27,189 
30,979 
38,876 
67,634 



41,255 
26,363 
16,048 
12,448 
7,627 
15,892 
7,328 
7,053 
1,225 



35,689 
29,376 
31,929 
29,094 



323.123 
482,530 
135,587 



246,488 



835,633 



24^,718 
9,646 
24,918 
22,206 
18,491 
24, 055 

28,122 
33,98* 
21,361 
20,095 
9,343 
10,014 
6,357 
3,795 
2,895 
1,964 

3,937 
1,605 
1,557 



833,113 
1,466 
16,899 
27,743 
30,513 
51,477 

72,269 
97,462 
82,028 
85,424 
48,29? 
61,837 
45,126 
29,602 
24,939 
19,129 
47,336 
25,436 
42,289 
16,985 
3,562 



100,002 
113,989 
32,497 



128,457 
387,639 
319,537 



11,175 
7,675 
2,933 

2,350 



17,107 

(*) 

3,487 
4,375 
4,626 



36,012 
28,486 

7,108 



518,720 
2,200 
17,727 
24,109 
53,431 
70,925 

74,337 
59,452 
32,743 
24,189 
30,879 

17,363 
14,130 
10,412 
9,430 
10,212 
18,639 
15,357 
19,771 



=■49,848 
'1,834 

8,711 
10,203 
12,994 

7,573 
12,201 

^213,966 
225,322 

129,280 



380,167 



262,187 
2,778 
13,421 
16,320 
33,515 
51,010 

45,626 
35,210 
12,315 
12,387 
10,422 
6,810 
5,104 
2,921 
2,330 
2,475 
4,180 
2,640 
2,107 



117,980 

4,123 

36,738 
22,369 

24,050 
12,056 
18,639 

228,596 
122,383 
29,188 



252,758 
2,778 
13,320 
15,318 
31,254 
50,524 

43,967 
33,770 
11,628 



6,513 
5,037 
2,723 
2,164 
2,376 

4,045 

2,540 

2,046 

463 



31,195 
19,135 
21,703 
12,056 



95,971 

2,778 
11,728 

9,727 
15,167 
15,853 

13,436 

9,133 
4,406 
2,850 



11,565 
24,899 
29,812 

34,507 
28,583 
21,219 
14,136 
19,771 

10,309 
8,907 
6,983 
6,682 
7,560 

13,301 
11,569 
15,591 

6,282 

1,330 

248 



56,427 
33,075 
7,643 



74,738 
118,266 
90,427 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classificati' 



152 INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Co 



Adjusted gross income classes 



Amount 



Grand total. 



Taxable returns, total. 

Under $1, 000 

^1,000 under ; 
S2,000 under i 
S3, 000 inder i 
Jfi, 000 under £ 
i5, 000 under i 
S6,000 under J 
S7,0OO under i 

18,000 under ^9,000 

}9, 000 under $10, 000. . 
1510,000 under 411,000. 
811,000 under |12,000. 
$12,000 under 113,000. 
S13, 000 under S14, 000. 
$14, 000 under $15, 000. 



$15,000 under $20,000 

S20, 000 under 125, 000 

$25, 000 under S50, 000 

550,000 under $100,000 

$100, 000 under $150, 000. . . 
»150, 000 under $200, 000. . . 
S200,000 under $500,000... 
S500,000 under $1,000,000. 
il, OOO, 000 or more 



Nontajtable returns, total. 
No adjusted gross income 

Under $1,000 

$1,000 imder $2,000 

^2, 000 under S3, 000 



Returns under $5,000 

Returns $5,000 under $10,0 
Returns $10,000 or more... 



Grand total. 






Under $1, 000 

$1, 000 under $2, 000 

$2, 000' under $3, OOO 

43,000 under X4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6, 000 under |7, 000 

$7, 000 under S8, 000 

:i8, 000 under 59, 000 

$9,000 under $10,000 

$10,000 under $11,000 

ill, 000 under $12,000... 
$12,000 under $13,000... 
£13,000 under 414,000... 
$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under S25,000 

S25,000 under S50,000 

$50,000 under $100,000... 
$100,000 under $150,000. 
$150, 000 under $200, 000. 
$200, 000 under S500, 000. 
$5007000 under $1,000,00< 
$1, 000, 000 or more 



Nontaxable returns, total. 
No adjusted gross income 



Under $1, 000 

11, 000 under $2, 000. 
2,000 under $3,000.. 
3,000 under $4,000. 
4,000 under $5,000. 
5, 000 or more 



36,257 

106,212 

114,528 

130,766 

140,473 

107,036 

92,873 

71,103 

57,474 

39,280 

31,738 

23,746 

17,372 

12,060 

9,233 

21,538 

6,765 

8,856 

1,520 



291,430 
5,906 

127,144 
80,291 
44,474 
18,652 
10,317 
4,646 

815,020 
372,295 
133,253 



Returns under $5,000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



20,594 
76,360 
66,337 
66,914 
88,828 
93,828 

105,491 
83,005 

• 61,292 
52,320 
35,560 
26,310 
18,599 
12,390 
8,981 

18,531 
5,777 
8,294 
1,372 



7,100 
82,637 
29,459 
23,011 
11,524 
4,976 
3,447 
482,740 
399,316 
136,138 



616,311 

8,540 

38,065 

55,721 

83,045 

79,825 

76,150 

59,333 

52,725 

37,295 

■30,004 

22,412 

16,636 

U,460 

8,900 

20,271 

6,032 

8,234 

1,392 



123,579 
3,105 
23,217 
39,975 
30,305 
14,492 
7,843 
4,642 

304,308 
309,857 
125,725 



30,241 
158,323 
281,566 
457,839 
631,780 
586,419 
603,117 
531,035 
488,334 
371,185 
332,573 
272,294 
216,864 
162,643 
133,539 

366,121 
149,849 
292,738 
98,424 
22,900 

10,208 
11,599 
3,726 
12,804 

'412,131 
'16,875 
56,131 



62,905 
45,590 
37,013 

'1,934,867 
2,606,339 
2,097,101 



36,257 
130,412 
219,976 
313,700 
409,269 
328,599 
314,566 
246,432 
212,466 
147, 645 
111,718 
85,533 
65,482 
41,286 
34,330 

79,477 
24,528 
33,236 



15 
834,254 
16,422 
203,179 
261,045 
190,096 
107,126 
69,157 
37,229 

1,956,639 

1,286,544 

482,837 



36,257 
127,239 
214,418 
303,692 
404,013 
321,763 
303,323 
245,137 
210,277 
145,856 
110,451 
34,333 
64,482 
40, 519 
33,497 
77,645 
23,696 
31,635 
5,265 



826,787 
14,620 
189,382 
237,725 
177,325 
102,866 
67,675 
37,194 

1,375,212 

1,268,197 

472,845 



36,257 

106,212 

114,528 

130,766 

140,473 

107,036 

92,873 

71,103 

57,474 

39,230 

31,738 

23,746 

17,372 

12,060 

9,233 

21,538 

6,765 

8,856 

1,520 



534,870 
367,366 
133,136 



5,451 
61,344 
113,028 
208,810 
298,298 

308,830 
318,199 
303,529 
286,773 
226,753 
216,124 
178,771 
146,683 
115,238 
93,025 
265,107 
114,906 
232,697 
79,502 
18,602 

7,984 
9,098 
3,335 
10,610 

4,862 



691,482 
1,444,395 
1,491,682 



4,167 
17,790 
24,796 
45,620 



77,338 
59,113 
47,977 
33,991 
24,375 
17,798 
11,753 
8,279 
16,655 
5,170 
7,323 
1,269 



76,823 
3,525 
14,203 
18,275 
22,203 
10,826 
4,377 
3,414 

165,782 
340,008 
127,336 



■■6,012,075 



5,803,792 
16,867 
113,254 
165,639 
232,999 
399,954 
512,968 
685,047 
620,697 
520,302 
496,885 
371,962 
302,124 
231,870 
166,802 
129,980 
311,565 
128,053 
267,251 



5,776 
10,652 
3,358 



'208,283 

'22,797 

34,613 

42,746 

70,106 

40,501 

22,067 

21,047 

'l,U5,949 

2,854,983 

2,041,143 



20,594 
85,277 
107,688 
133,636 
221,276 

285,567 
352,081 
320,088 
239,061 
195,303 
134,107 
96,422 
69,224 
44,286 
33,553 
66,755 
22,849 
33,035 
5,190 



18,594 
122,513 
38,925 
111,065 
63,183 
31,323 
22,330 
1,004,074 
1,414,259 
506,542 



20,594 
82,415 
102,061 
126,015 
210,241 
275,771 
343,793 
316,834 



132,804 
95,137 
68,139 
43,619 
32,886 
64,420 
22,082 
31,849 
4,697 



851,040 
20,594 
76,360 
66,337 
66,914 
83,323 

93,828 
105,491 
83,005 
61,292 
52,320 
35,560 
26,310 
13,599 
12,390 



4,336 
2,392 

326,733 
396,536 
136,072 



2,733 
49,193 
78,451 
119,362 
209,586 
266,676 
368,262 
331,341 
301,084 
300,714 
238,943 
202,073 
159,858 
119,246 
93,555 
233,377 
99,546 
218,165 
76,211 
18,225 

4,715 



3,134 
3,063 

464,663 
1,569,448 
1,476,019 



Footnotes at end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Classific 



INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES— Continued 



153 



Ad.iusted gross 



Grand total 

Taxable returns, total 

Under $1, 000 

|1, 000 under i2, 000 

S2, 000 under S3, OOO 

83, 000 under S4, 000 

?4, 000 under $5, 000 

^5, 000 under ^6, 000 

$6, 000 under £7, 000 

S7,000 under £8,000 

^8,000 under 59,000 

59, 000 under $10, OOO 

510, 000 under 4H, 000 

511, 000 under £12, 000 

£12, 000 under S13, 000 

|13,000 under £14,000 

$!■;, 000 under $15, 000 

415,000 under *20,000 

S20, 000 under S25, 000 

£25, 000 under £50, 000 

£50,000 under $100,000 

5100, 000 under $150, 000. . . 
S150,000 under $200,000... 
£200,000 under ^500, 000. .. 
$500,000 under $1,000,000. 
'>1, 000, 000 or more 

Nontaxable returns, total... 
No adjusted gross inccme. . 

Under $1, 000 

$1,000 under $2,000 

^2,000 under ^3,000 

£3, 000 under £4, 000 

Si, 000 under $5, 000 

^5, 000 or more 

Returns under $5, 000 

Returns ^5,000 under $10,000. 
Returns $10, 000 or nrore 

Grand total 

Taxable returns, total 

Under $1, 000 

$1, 000 under $2, 000 

£2,000"under p,000 

£3, 000 under £4, OOO 

$4, 000 under $5, 000 

$5, 000 under $6, 000 

£6, 000 under 57, 000 

^7,000 under $8,000 

£8, 000 under $9, 000 

$9, 000 under $10, 000 

$10, 000 under $11, 000 

£11,000 under ^12,000 

$12,000 under $13,000 

$13,000 under £14,000 

il4, 000 under $15, 000 

$15, 000 under $20, 000 

$20, 000 under £25, 000 

£25, 000 under $50, 000 

^50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under £500,000 

$500,000 under $1,000,000.. 
$1,000,000 or more 

Nontaxable returns, total . . . . 

No adjusted gross income. . . 

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 or more 

Returns under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



524,214 



392,654 
13,925 
44,805 
41,259 
51,819 
47,118 
45,101 
41,161 
40,149 
19,552 
12,980 
9,902 
7,125 
4,539 
2,719 



4,335 
1,624 
2,100 



131,560 
3,361 
59,219 
33,288 
19,822 
11,163 
3,068 
1,639 

328,847 
160,518 
X,849 



1,104,991 
36,509 
102,975 
101,835 
105,636 
116,225 

137,844 
140,488 
U5,619 
79,063 
39,594 
35,528 
24,437 
16,235 
9,343 
7,768 
17,286 
6,467 
9,885 
1,885 



302,481 
10,299 

130,730 
73,679 
38,888 
25,043 
12,313 
11,029 

754,632 
523,278 
129,562 



3,310 
12,986 
31,544 
32,922 
40,145 
35,235 
37,485 
19,552 
11,406 

9,678 
6,869 
4,412 
2,527 
1,826 

4,143 

1,400 

1.898 

434 

40 



67,075 
2,472 
14,811 
22,359 
14,649 
8,576 
2,569 
1,639 

146,198 
145,398 
33,312 



5,297 
25,079 
42,594 
66,196 

103,870 
119,765 
106,511 
72,630 
36,197 
34,122 
23,262 
15,321 
8,757 
7,376 
15,855 
5,944 
3,959 
1,750 



156,760 
6,940 
27,994 
48, 5X 
30,341 
22,156 
10,529 
10,266 
285,660 
448,949 



'2,378,992 



2,207,286 
11,652 
64,013 
104,642 
180,221 
212,841 
249,067 
266,494 
300,680 
166,680 
122,036 
103,624 
81,467 
56,289 
36,557 
27,369 

73,573 
35.694 
71,197 
30,261 
5,591 

2,481 



=17,235 
28,351 
49,798 
48,692 
38,010 
13,936 
10,154 

'734,921 

1,114,029 

530,042 



>, 950, 549 
30,896 
152,049 
257,033 
370,668 
524,259 

757,327 
909,126 
863,169 
669,236 
375,507 
371,489 
279,695 
202,246 
126.102 
112,439 
291,461 
143,594 
330,580 
121,524 
27,229 

13,886 
13,579 
4,211 
3,244 



'17,320 

62,147 

108,269 

94,699 

86,142 

56,554 

76,003 

'1,725,3% 

3,643,652 

2,047,995 



13,925 
54,667 
77,615 
138,117 
152,637 
169,045 
146,374 
152,142 
77,4*6 
47,402 
36,253 
26,967 
15,787 
9,540 
6,736 

15 ,450 
5,761 
8,292 
1,805 
160 



424,814 
9,392 
106,028 
117,243 
94,165 
67,492 
22,268 
8,226 

853,549 
600,418 
127,104 



36,509 
116,792 
166,190 
218,349 
309,721 

444,295 
510,439 
438,425 
294,469 
145,771 



58,866 
33,476 
29,103 
68,780 
24,986 
40,435 
7,618 
828 
282 



985,672 
31,921 

224,957 
242,608 
171,830 
130,218 
92,322 
91,816 
1,741,417 
1,923,332 
483,949 



13,925 
54,369 
73, %7 
134,956 
149,564 
165,584 
144 ,403 
150,861 
77,288 
46,514 

35,709 
26,618 
15,534 
9,221 
6,514 
14,559 
5,474 
8,000 
1,635 



7,813 
96,203 
103,915 
89,140 
65,427 
22,268 
7,178 

311,547 
591,636 
123.669 



36,509 
110,958 
158,607 
205,268 
300,011 

430,917 
500,249 
433,760 
289,630 
144,182 
127,930 
86,052 
58,054 
32,760 
27,869 
65,789 
24,139 
38,402 
7,025 



853,003 
27,602 
189,125 
185,073 
149,725 
120,440 
90,441 
90,597 
1,573,759 
1,387,685 
470,795 



392,654 
13,925 
44,805 
41,259 
51,819 
47,118 
45,101 
41,161 
40,149 
19,552 
12,930 

9,902 
7,125 
4,539 
2,719 
1,390 

4.335 
1,624 

2,100 



200,505 
159,435 
34,785 



36,509 

102,975 

101,835 

105,636 

116,225 

137,844 

140,488 

115,619 

79,063 

39,594 

35,528 

24,437 

16,235 

9,343 

7,768 

17,236 

6,467 

9,335 



3,596 
4,173 
3,479 

2,359 
476,327 
514,808 
129,362 



1.901 
23,878 
45,917 
75,681 
96,417 

116,631 
144.235 
173 , 525 
99,378 
76,826 
67,994 
55,341 
40,188 
26,018 
20,740 
56,135 
23,890 
53,079 
25,928 



244,868 
611,235 
390,244 



5,769 
65,425 
126,835 
193,281 
271.355 
385,716 
467,846 
476,414 
391,570 
235,257 

238,868 
185,357 
137,768 
83,152 
78,241 
204,206 
105,645 
248,532 
91,333 
20,600 

9,976 
9,639 
3,341 
2,298 



2,487 
2,276 

4,793 

668,931 
1,960,361 
1,425,691 



footnotes ! 



. end of table. See text for "Description of the Sample and Limitations of the Data" and "Explanation of Cla 



154 INDIVIDUAL INCOME TAX RETURNS FOR 1962 

Table 31.— ADJUSTED GROSS INCOME, EXEMPTIONS, TAXABLE INCOME, AND INCOME TAX BY ADJUSTED GROSS INCOME CLASSES AND STATES- 



Adjusted gross inccane classes 



Grand total. 






Under $1, 000 

$1,000 under 42,000 

S2, 000 under S3, 000 

S3, 000 under Si, 000 

$4, 000 under $5, 000 

^5,000 under ^6,000 

S6, 000 under 17, 000 

17, OOO under S8, 000 

IS, 000 under S9, 000 

?9, 000 under $10, 000 

Sl0,000 under ill, 000 

Sll, 000 under $12, 000 

$12, 000 under $13, 000 

$13, 000 under $14, 000 

$14,000 under $15,000 

il5, 000 under iZO, 000 

S20,000 under S25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150, 000 under $200, 000. . . 
$200, 000 under $500, 000. . . 
$500,000 under $1,000,000. 
fll, 000, OOO or more 



Nontaxable returns, total. 
No adjusted gross incODe 

Under $1,000 

$1,000 under $2,000 

^2, 000 under $3, 000 

»3,000 under i4,r-- 



Retums under $5, 000 

Returns $5,000 under $10,000. 
Returns $10, 000 or more 



Grand total. 



Under $1,000. 
|1,000 under ; 
$2, 000* under : 
$3,000 under ; 
$4,000 under ; 



000. 



000 under ; 

000 under ; 

000 under $8,1 

000 under : 

000 under $10, 000 

^10, 000 under Sll, 000 

$11,000 under $12,000 

S12, OOO under $13, 000 

$13,000 under $14,000 

$14,000 under $15,000 

$15,000 under $20,000 

$20,000 under li25,000 

$25,000 under $50, OOO 

$50,000 under $100,000 

$100, 000 under $150, 000. . . 
$150,000 under $200,000... 
$200,000 under $500,000... 
$5T!D;oOO under $1,000,000. 
$1,000,000 or more 



No adjusted gross 

Under $1,000 

$1,000 under $2,000. 
$2,000 under $3,000. 



000 1 



,000. 



000 under $5,000. 



Returns under $5, 000 

Returns $5,000 under $10,000.. 
Returns $10, OOO or more 



91,035 

3,527 
10,660 
10,138 
8,632, 
10,207 
7,578 
8,988 
8,736 
6,028 
5,693 



19,586 
15,010 
15,330 
10,805 
9,801 
8,096 
6,988 
• 6,992 
2,290 
3,509 
3,127 
2,175 
1,414 
2,061 



9,330 
33,234 
17,158 
11,160 
6,524 
1,774 
2,731 



18, 



(*) 

3,376 
5,296 
7,282 

6,590 
8,334 
7,579 
6,028 
5,215 



25,326 


12,014 


'27,738 


2,112 


1,609 


'5,676 


11,645 


1,006 


4,703 


4,703 


3,622 


7,187 


2,817 


1,761 


6,543 


2,934 


2,934 


9,629 


780 


780 


3,238 


335 


302 


2,114 


68,155 


27,867 


'144,946 


37,325 


34,048 


272,141 


10,881 


10,160 


169,157 



558,506 

2,915 
15,032 
25,095 
30,176 
46,104 

41,723 
59,068 
64,742 
51,286 
53,597 
31,802 
26,475 
11,514 
12,946 
8,413 

23,405 
14,455 
27,016 



260,127 

3,527 
12,412 
18,231 
23,910 
32,769 
23,205 
33,041 
36,024 
19,223 
17,950 

11,355 
8,538 
3,492 
3,061 
2,399 
4,846 



7,041 
15,148 
15,397 
12,904 
15,441 
5,157 
1,473 

152,437 
130,851 
39,900 



251,231 

3,527 
11,456 
17,652 
21,973 
30,917 
23,004 
33,041 
34,867 
18,343 
17,950 
11,169 
8,472 
3,360 
2,929 
2,399 
4,648 
1,835 
3,081 
482 
46 



65,415 
6,437 

13,949 
12,602 
11,747 
14,082 
5,157 
1,441 

149,499 
128,613 
38,534 



91,035 

3,527 
10,560 
10,138 
3,632 
10,207 
7,578 
8,983 
8,736 
6,028 
5,693 



44,925 
37,124 

10,848 



1,443 
6,364 
9,708 
6,302 
5,887 
6,284 
4,010 
4,860 
1,224 

2,854 



4,799 
17,882 
8,532 
5,314 
4,546 
1,348 
1,137 

66,838 
23,215 
15,155 



27,550 
36,704 
52,798 
48,490 
53,299 
52,096 
53,018 
60,206 
21,788 
36,620 
36,279 
27,097 
19,050 
29,535 
63,867 
24,017 
22,927 
13,053 



=1,125 
14,150 
24,250 
27,127 
21,730 
7,957 
20,697 
'263,830 
251,376 
296,000 



598,905 



320,554 

4,853 
21,455 
31,115 
45,141 
33,770 

32,496 
30,449 
20,101 
30,038 
5,619 
12,064 
10,313 
8,414 
5,409 
8,214 
12,895 
3,346 
2,439 



25,072 

32,353 
57,761 
51,147 
39,151 
11,498 
10,855 

403,837 
129,030 
65,989 



313,848 
4,358 
21,455 
30,583 
43,009 
32,582 
31,430 
30,449. 
19,036 
30,038 
6,619 
11,958 
10,313 
8,379 
5,267 
8,179 

12,754 
3,845 
2,239 



271,431 
24,851 
81,918 
55,097 
49,548 
37,735 
11,493 
10,784 

393,134 
125,949 
55,195 



69,574 
35,593 
18,227 



5,941 
11,250 
11,900 
20,186 
21,741 
30,793 
34,429 



20,783 
18,178 
3,273 
9,795 
5,007 
18,083 
11,704 
22,363 
7,460 
1,435 



17,869 


420,780 


4,858 


781 


19,586 


11,760 


15,010 


13,625 


15,330 


18,982 


10,805 


22,730 


9,801 


27,531 


8,096 


25,494 


6,938 


35,677 


6,992 


35,438 


2,290 


13,895 


3,509 


25,505 


3,127 


26,445 


2,175 


19,514 


1,414 


13,503 


2,061 


21,091 


3,734 


49,255 


1,093 


18,862 


744 


17,552 


137 


10,751 


34 


3,504 



70,128 
215,956 



'See text for "Description of the Sample and Limitat 
^Includes data for the District of Columbia. 

^Returns of bona fide residents of Puerto Rico, whether U.S. citizens or alie: 
^Adjusted gross income less deficit. 

^Estimate is not shown separately because of high sampling variability. Howe 
^Deficit. 
NOTE: Detail may not add to total because of rounding. 



of the Data" and "Explanation of Classifications and Terms." 

and U.S. citizens residing in Panama Canal Zone, Virgin Islands 
the data are included in the appropriate totals. 



HISTORICAL TABLES 
INDIVIDUAL RETURNS, 1953-1962 

Page 

32. Number of returns by major characteristics, adjusted gross income and deficit, 

taxable income, and tax 156 

33. Number of returns and adjustedgross income, by adjusted gross income classes 157 

34. Returns with inconie tax — number, adjusted gross income, taxable income, 

income tax, and average tax, by adjusted gross income classes 158 

35. Sources of income by type 160 

36. Itemized deductions on returns with adjusted gross income, by type 160 

37. Selected sources of income by adjusted gross income classes 161 

38. Number of returns, adjusted gross income, and income tax, by States 163 



These historical data for years 1953 through 1962 
are not precisely comparable among all years, for the 
data span a period of years during which there were 
changes in law, return forms, and methods of 
obtaining data. 

155 



762-244 0-65- 11 



156 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



Table 32.— NUMBER OF RETURNS BY MAJOR CHARACTERISTICS, ADJUSTED GROSS INCOME AND DEFICIT, TAXABLE INCOME, AND TAX 



1961 



1960 



1957 



1955 



1954 



Number of returns , total 

Returns with adjusted gross Income, total... 

Taxable : 

With Income tax 

Self-employmsnt tax only 

Nontaxable: 

Self -enployment tax only 

Other nontaxables 

Returns with no adjusted gross incone, total 

Taxable : 

Self-enployment tax only 

Nontaxable : 

Self-enployment tax only 

Other nontaxables^ 

Number of^ 

Taxable returns 

Nontaxable returns^ 

Returns with Itemized deductions 

Taxable 

Nontaxable : 

With adjusted gross Income 

With no adjusted gross income^ 

Returns with standard deduction 

Taxable 

Nontaxable: 

With adjusted gross incoins 

With no adjusted gross income^ 

Returns with no adjusted gross income^ 

Number of returns with self -employment tax 

Number of returns with taxable income 

Taxable 

Nontaxable 

Number of returns by source of income : 

Salaries and wages 

Dividends in adjusted gross income^ 

Interest received^ 

Annuities and pensions: 

Life expectancy method 

3-year method 

Income from estates and trusts 

Busiiiess profit 

Partnership profit 

Net gain from sales of capital assets 

Net gain from sales of other property 

Net income from rents 

Net income from royalties 

Other sources* 

Losses: 

Business loss 

Partnership loss 

Net loss from sales of capital assets 

Net loss from sales of other property 

Net loss from rents 

Net loss from royalties 

Net operating loss deduction' 

Loss from estates and trusts 

Amount of adjusted gross income, total 

Taxable 
Nontaxable 

Amount of deficit 

Amount of taxable income. . 
Amount of tax, total 

Incoce tax after credits 
Self-eirployment tax 



62,712,386 
62,290,595 



26, 451, 105 
24, 351, 172 

2, 099, 933 

35,839,490 
25, 741, 191 

10, 098, 299 

421,791 
6,675,215 



55, 096, 240 
5, 830, 562 
14, 736, 574 

1, 019, 506 
514,457 
425, 546 

6,917,605 
1,588,004 
4, 322, 510 
85,582 
4,077,123 
402, 503 



1,709,957 
367,728 

1,599,445 
184,215 

1,885,028 
25,985 

29,855 



61,499,420 
61,067,589 
48,582,765 



25,261,832 
23,257,937 



35,805,757 
25,324,828 



431,831 
6,746,936 



54,014,543 
5,037,615 
10,031,614 

855,974 

421,846 

413,175 

6,979,924 

1,536,971 

4,698,499 

150,071 

3,863,372 

409,082 



1,728,368 
345,793 
1,097,455 
176,609 
1,794,971 
27,574 
15,099 
29,551 



61,027,931 
60,592,712 
48,060,985 



24,083,263 
22,185,410 



36,944,668 
25,875,575 



53,603,745 
4,932,950 
10,288,082 



392,161 
6,831,427 
1,589,183 
3,341,694 

100,131 
3,875,716 

409,394 



1,767,544 
329,682 
1,154,339 
135,767 
1,695,218 
23,479 
13,912 
25,834 



60,271,297 
59,838,162 



22,510,245 
20,761,374 



37,761,052 
26,735,539 



52,850,938 
4,682,638 
9,273,694 

728,077 

343,115 

381,120 

6,894,616 

1,645,707 

4,007,011 

98,140 



1,715,094 
302,041 
900,118 
150,212 



59,085,182 
58,700,924 



20,311,422 
19,053,714 



38,273,760 
26,598,420 



51,588,433 
4,235,017 
7,407,870 

740,180 

268,920 

370,379 

6,380,831 

1,611,329 

3,469,064 

104,270 



1,499,888 
266,259 
920,578 
130,753 



59,825,121 
59,407,673 

46,865,315 



20,155,361 
18,569,233 



39,669,760 
28,296,082 



47,116,645 

46,865,315 

251,330 



52,596,961 
4,168,499 
7,286,314 

659,356 
261,085 
362,324 

6,775,335 
1,606,524 
2,936,564 
127,417 
4,097,602 



59,197,004 
58,798,843 



53,250,188 
57,818,164 

44,689,065 



13,453,563 
16,972,938 

1,485,625 

40,738,441 
29,285,703 



16,391,034 
15,434,733 
1,456,351 

41,359,104 
29,254,332 



6,645,661 
44,914,210 



51,912,814 
3,924,583 
6,715,135 

613,747 

209,212 

375,008 

7,381,270 

1,550,819 

3,143,460 

98,875 



1,591,397 
244,719 
783,596 
206,108 



51,255,701 
3,715,617 
6,330,784 

575,633 
192,029 
360,155 



2,899,881 

109,983 

3,986,860 



1,508,622 
267,102 
654,121 
157,919 



56,747,008 
56,306,704 

42,633,060 



15,701,595 
13,711,330 



41,045,413 
23,921,230 
12,124,133 



4,211,656 
42,814,133 



49,925,305 
3,681,007 
6,124,335 

730,279 

368,806 

6,320,812 

1,588,046 

2,411,147 

135,062 



1,464,726 
228,949 
664,034 
207,456 



1, 159, 526 
195,320,479 
45,790,025 



1,074,453 
181,779,732 



1,091,184 
171,627,771 



1,521,945 
166,540,616 



282,166,418 

262,188,335 
19,973,083 

1,012,326 

149,337,414 

34,924,820 



987,365 
149,363,077 



359,546 
141,532,061 



249,429,182 
229,595,449 
19,833,733 

898,865 

128,020,111 



230,235,855 
209,668,830 
20,567,025 

1,104,480 

115,331,301 



^Excludes returns with no information 1953-56 and 1958-62. 

^Classified as standard deduction returns for 1955-60, and as itemized deduction returns for 1953 and 1954. 

^Reported on Form 1040, and for 1959-60, Form 1040W. For 1961, excludes returns with dividends or interest reported with other : 

ncome tax withholding, dividends, and interest, n( 



le on page 1, Form 1040, but not specifically 
.ceeding $100 per return, reported in one sum 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



157 



Table 33.— NUMBER OF RETURNS AND ADJUSTED GROSS INCOME BY ADJUSTED GROSS INCOME CLASSES 

[Tajcable and nontaxable returns] 



Adjusted gross 



Adjusted 
or deficit 



Adjusted 
gross Income 
or deficit 



Adjusted 
gross income 
or deficit 



Adjusted 
TOSS income 
or deficit 

frhouawKf 



Adjusted 
gross Income 
or deficit 



Grand total 

Returns with adjusted gross 

Under $600 

$600 under $1,000 

■ ,000 under $1,500 



tl, 



$15, 



500 under 

000 under $2, 

500 under $3, 

000 under $^, 

000 under $5, 

000 under $6, 

000 under $7, 
',000 under $8,000.. 
!,000 under $9,000.. 
1,000 under $10,000. 
"1,000 under $15,r"" 



000 under : 



1,000. 



$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns with no adjusted gross inco; 



Grand total. 



adjusted gross 



Under $600 

$600 under $1,000. 
$1,000 under $1,501 
$1,500 under $2,001 
$2,000 under $2,501 



500 under $3, 
000 under $^, 
000 under $5, 
000 under 
000 under 



000. 



000 under $6,000 
000 under 
000 under $10,000, 
),000 under $15 
>,000 under $20! 



$20,000 under $25,000 

$25,000 under $X,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns with no adjusted gross 



62,712,386 '3^8,701,466 



62, 290, 595 
4,002,049 
3, 001, 512 
3, 953, 747 
3, 313, 266 
3,292,738 

3, 266, 170 
6, 588, 332 
6, 280, 854 
6, 157, 541 
5, 373, 806 
4, 332, 207 
3, 243, 914 
2,404,470 
4, 940, 130 
1, 047, 768 
405, 854 



61,499,420 I329, 861,284 



1, 304, 371 
2,396,623 
4,904,997 
5, 788, 938 
7,415,882 

8, 980, 235 
23, 034, 452 
28, 248, 386 
33, 834, 250 
34, 835, 256 
32, 379, 767 
27,506,715 
22, 776, 270 
58, 229, 726 
17,813,457 

9,018,067 



864, 311 

1,465,175 

546,829 

717, 179 



61, 067, 589 

3,969,165 
3,018,799 
3,936,724 
3,327,969 
3, 331, 561 
3,412,509 
6,695,282 
6,582,888 
6,227,266 
5,282,007 
4,142,911 
2,984,990 
2,146,657 
4,125,222 
889,562 
357,280 
496,591 



1,283,112 
2,408,551 
4,885,375 
5,308,170 
7,490,739 
9,372,930 
23,410,323 
29,619,733 
34,163,126 
>4, 247, 138 

30,956,323 
25,283,832 
20,333,582 
48,552,831 
15,150,795 
7,938,209 



936,339 

1,749,801 

662,519 

805,542 

^1,074,453 



60,592,712 
3,991,109 
2,992,643 
3,941,738 
3,414,629 
3,405,167 
3,518,964 
6,877,017 
6,866,523 
6,422,593 
5,291,911 
3, 888, 676 
2, 757, 554 
1,905,564 
3,641,612 
736,031 
323,785 
441,401 



'315,466,382 



1,305,762 
2,380,642 
4,886,762 
5,972,361 
7,660,097 
9,672,543 
24,033,191 
30,881,596 
35,252,993 
34,280,872 

29,080,115 
23,372,451 
18,045,386 
42,804,643 
13,400,430 
7,198,994 



756,022 

1,384,077 

493,976 

611,273 

^1,091,184 



59,838,162 
3,918,975 
2,995,694 
3,955,202 
3,445,332 
3,510,198 
3,618,010 
6,993,571 
7,071,569 
6,392,580 
5,032,962 
3,699,701 
2,621,189 
1,749,953 
3,208,968 
707, 192 
301,705 
422,663 



306,616,924 
1,275,411 
2,392,210 
4,919,509 
6,015,668 
7,890,382 
9,943,763 
24,452,061 
31,801,590 
35,067,182 
32,926,528 

27,640,193 
22,202,269 
16,566,397 
37,688,216 
12,090,813 
6,704,170 
14,163,567 
7,558,857 
2,089,977 

763,001 

1,371,395 

481, 742 

606,523 



58,700,924 
3,950,030 
3,060,247 
4,120,276 
3,570,536 
3,689,218 
3,723,909 
7,472,426 
7,385,219 
6, 375, 555 
4,676,947 
3,226,344 
2, 171, 701 
1,452,594 
2,488,095 
583,262 
264, 732 
369,939 



282,166,418 
1,276,547 
2,446,545 
5,130,735 
6,238,242 
8,309,041 
10,223,363 
26,149,868 
33,190,896 
34,398,888 
30,257,563 
24,101,749 
18,379,327 
13,746,399 
29,214,191 
10,055,470 
5,881,407 
12,327,929 



661,634 

1,114,707 

359,724 

499,249 



59,825,121 1^280,320,566 

59,407,673 



3,833,400 

2, 989, 651 

4, 178, 054 

3,698,934 

3,843,211 

3,815,406 

7,791,975 

7,868,427 

6,555,283 

4, 709, 6L2 

3, 206, 964 

2, 091, 262 

1, 334, 622 

2,213,510 

543, 746 

250, 860 

366, 399 

93,421 

14, 127 



1,255,738 
2,385,229 
5, 184, 175 
6,481,267 
8, 655, 018 
10, 485, 324 
27, 263, 943 
35, 372, 380 
35,885,730 
30, 480, 269 
23,941,917 
17,706,439 
12,622,516 
25, 995, 133 
9,304,570 

5,583,211 



685,284 

1, 127, 667 

397,827 

447,528 



58,798,843 
3,775,785 
3,026,632 
4,314,995 
3,357,498 
3,937,142 
4,056,620 
8,281,023 
3,046,621 
6,234,822 
4,371,937 
2,793,254 
1,811,480 
1,123,333 
1,921,229 
498, 101 
234,928 



'267,724,268 
268,583,814 
1,242,391 
2,419,568 
5,362,761 
6,751,496 
3,970,939 
11,152,699 
29,005,036 
36,140,505 
34,124,140 
28,257,411 

20,892,452 
15,315,151 
10,619,629 
22,570,293 
8,542,677 
5,219,840 
11,644,008 
5,905,463 



57,818,164 
3,839,333 
3, 202, 710 
4,523,556 
4,125,462 
4,116,843 
4,311,841 
8,665,023 
8,008,621 
5,862,618 
3,871,849 

2,400,131 

1,412,757 

912,095 

1,513,296 

425,989 

210,289 

I 120,617 

\ 190,707 

77,604 

12,960 

3,946 

4,022 

628 



^243,530,317 
249,429,132 
1,261,713 
2, 566, 114 
5,616,459 
7,212,429 
9,275,007 
11,858,501 
30,320,415 
35,9X,570 
32,061,640 
25,020,880 
17,897,442 
11,940,018 
8,622,218 
17,923,575 
7,300,263 

4,683,237 

3,289,658 

7,142,8X 

5,151,675 

1,549,762 

675, 565 

1, 143, 650 

417,978 

567,583 



3,939,317 

3, 180, 541 
4,520,595 



4,484,779 
9, 156, 374 
7,910,960 
5, 139, 199 
3,352,077 
2,016,601 
1,187,245 

721, 146 
1,217,149 

368,907 

i 291,858 
161,995 
70,400 
11,628 



1,294,816 
2,542,668 
5,630,728 
7,357,621 
9,703,996 
12,304,340 
32,041,485 
35,435,585 
28,346,771 
21,656,984 

15,025,572 
10,036,658 
6,812,809 
14,410,918 



7,023,496 
6,071,673 
4,656,424 

1, 391, 103 
547,816 
919,072 
294,745 
406,533 



57,338,184 '228,708,256 



229,863,409 
1,362,006 
2,571,118 
5,862,578 
7,826,483 
10,107,094 

12,699,421 
32,649,022 
35,764,603 
29,463,848 
21,539,243 



4, 713, 364 
4,470,706 
4,494,312 
4,621,675 
9,X2,358 
7,982,669 
5,392,331 
3,345,923 
1,990,054 
1,154,625 

703,987 
1,160,137 

349,598 

264,713 



12,486 
2,700 



14,i 



,855 



9,763,2X 
6,655,338 
13,741,746 
5,997,977 

6,373,802 

5,686,567 
3,996,970 



755,624 
252,954 
275,263 



158 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



Adjusted gross 



NUMBER OF FffiTliRNS 
Total 

ieOO imder $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $4,000 

$i,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 $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

ADJUSTED CROSS INCCHE 
Total 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $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 $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

TAXABLE INCOIE 
Total 

$600 under $1 000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $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 

$9,0eS-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 $50,000 

$50,000 under $100,000 

$100,000 under $150,000 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 



50, 092, 363 



48,582,765 



48,060,985 



47,496,913 



45,652,134 



46,865,315 



46,258,646 



44,689,063 



42,633,060 



1,436,260 
2, 264, 571 
2,025,367 
2, 288, 180 
2,486,921 
5, 507, 689 

5,830,951 
5, 945, C50 
5, 306, 507 
4, 303, 518 
3, 233, 674 
2, 398, 655 

4, 930, 455 

1, 045, 363 

404,847 

536, U8 

121,250 

15,712 
5,019 
5, UO 



1,385,033 
2,136,415 
1,994,863 
2,311,741 
2,562,088 
5,616,783 

6,099,597 
6,027,260 
5,208,966 
4,120,040 
2,977,973 
2,143,339 

4,118,486 
888,100 
356,826 
495,501 
110,192 

16,726 
5,426 
6,062 



1,353,011 
2,134,195 
2,036,015 
2,368,114 
2,665,817 
5,793,668 

6,400,547 
6,236,474 
5,236,061 
3,874,647 
2,749,349 
1,901,543 

3,637,169 
784,630 
323,412 
440,890 
101,080 



1,341,398 
2,129,771 
2,093,777 
2,494,170 
2,766,760 
5,939,254 

6,649,937 
6,216,537 
5,036,281 
3,688,764 
2,616,468 
1,747,657 

3,203,834 
706,164 
301,431 
422,251 
114,711 



1,296,407 
2,127,075 
2,111,329 
2,537,591 
2,807,388 
6,295,457 

6,954,051 
6,224,634 
4,644,506 
3,214,399 
2,167,447 
1,451,196 

2,484,984 
587,465 
264,487 
369,515 
91,605 

14,049 
3,845 
3,937 



1,338,986 
2,257,213 
2,252,645 
2,764,261 
2,930,022 
6,682,982 

7,454,651 
6,401,146 
4,677,540 
3,195,588 
2,089,198 
1,333,548 

2,ai,504 
543,154 
250,583 
366,156 
93,289 

14,089 
3,986 
3,979 



1,357,447 
2,392,096 
2,364,317 
2,878,453 
3,169,007 
7,153,365 

7,650,165 
6,111,501 
4,344,100 
2,792,259 
1,809,013 
1,122,621 

1,918,975 
497,449 
234,745 
346,246 
89,095 



1,437,846 
2,483,242 
2,447,663 
2,961,513 
3,318,528 
7,529,308 

7,619,205 
5,754,968 
3,855,290 
2,395,179 
1,411,320 
911,711 

1,517,076 
425,730 
210,172 
120,427 
190,589 
77,563 

12,902 
3,937 
4,009 



1,292,988 
2,426,670 
2,431,232 
3,078,559 
3,452,029 
7,924,537 

7,545,254 
5,103,368 
3,331)451 
2,008,053 
1,186,721 
720,646 

1,215,482 
368,492 

291,668 



11,617 
3,192 
3,234 



330,646,415 



1, 199, 623 
2, 826, 311 
3,531,718 
5, 153, 458 
6,857,125 
19, 313, 993 

26,249,456 
32, 683, 780 
34,405,366 
32,165,659 
27,420,222 
22, 721, 630 

58, 114, 352 
17,777,463 
8,995,421 

17, 879, 811 
7,963,599 

1,875,601 
359, 055 

1,447,070 
535, 056 

670, 146 



212,932 
1,024,692 
1,523,219 
2,252,451 
3,144,769 
9,183,939 

12,723,107 
16,419,495 
17,825,989 
17, 662, 110 
15,993,896 
13,953,385 

38,672,482 
12, 843, 030 
6, 784, 182 



6,440,012 

1,496,096 
672,501 

1,109,146 
419, 625 
524, 512 



311,283,359 297,152,271 287,775,346 262,188,335 262,169,296 249,551,275 229,595,449 209,668,830 



1,156,177 
2,669,719 
3,476,020 
5,191,501 
7,054,839 
19,699,845 

27,476,272 
33,079,800 
33,777,686 
30,785,997 
25,224,815 
20,301,941 

48,473,930 
15,126,018 

7,928,268 
16,557,695 

7,249,539 

2,007,835 
931,085 

1,737,313 
650,434 
726,630 



203,641 
952,147 
1,470,373 
2,208,0r70 
3,139,194 
9,211,419 

13,085,594 
16,293,681 
17,471,657 
16,912,781 
14,722,069 
12,523,358 

32,440,908 
11,030,651 

6,040,063 
13,157,705 

5,927,647 

1,623,941 
744,485 

1,362,995 
520,092 
586,726 



1,123,121 
2,664,406 
3,557,099 
5,327,353 
7,349,490 
20,307,427 

28,812,061 
34,246,189 
33,923,776 
28,974,992 
23,303,110 
18,007,228 

42,751,769 
13,376,477 

7,190,895 
14,710,384 

6,647,920 

1,683,173 
750,153 

1,370,038 
486,077 
584,133 



193,070 
944,626 
1,517,420 
2,257,675 
3,277,870 
9,429,550 

13,690,239 
16,730,769 
17,451,403 
16,143,894 
13,767,791 
11,137,412 

28,752,650 
9,786,674 
5,465,777 

11,665,201 
5,417,010 

1,349,335 
590,232 

1,055,617 
382,520 
455,501 



1,116,472 
2,674,096 
3,647,621 
5,603,123 
7,626,054 
20,835,135 

29,931,937 
34,117,177 
32,627,712 
27,559,833 
22,162,993 
16,544,491 

37,628,019 
12,073,580 

6,698,056 
14,148,928 

7,549,453 

2,080,621 
764,285 

1,361,923 
473,154 
545,633 



194,536 
955,378 
1,542,106 
2,337,578 
3,376,072 
9,625,250 

14,192,394 
16,684,611 
16,979,238 
15,454,065 
13,226,703 
10,389,591 

25,557,238 
8,927,811 
5,155,939 

11,379,799 
6,229,490 

1,695,238 
609,591 

1,070,737 
376,573 
425,065 



1,083,049 
2,683,333 
3,675,817 
5,714,958 
7,735,369 
22,091,696 

31,278,974 
34,036,295 
30,049,915 
24,009,958 
18,343,492 
13,733,221 

29,176,927 
10,041,825 

5,375,992 
12,313,280 

6,CK2,852 

1,644,279 
658,563 

1,109,680 
356,220 
432,640 



191,196 
953,797 
1,534,510 
2,351,303 
3,390,578 
9,983,842 

14,603,523 
16,553,360 
15,724,265 
13,645,969 
11,059,382 
8,773,922 

20,026,310 
7,484,521 
4,551,665 
9,973,086 
4,986,906 

1,348,568 
529,147 
862,534 
274,855 
364,825 



1,117,050 
2,831,221 
3,937,439 
6,225,270 
8,079,602 
23,443,457 

33,541,308 
35,058,920 
30,276,104 
23,858,097 
17,689,049 
12,611,997 

25,971,375 
9,294,499 
5,576,891 

12,220,088 
6,124,500 

1,681,598 
682,301 

1,122,465 
393,591 
427,474 



1,130,213 
3,005,109 
4,129,399 
6,474,182 
8,737,648 
25,144,783 

34,380,979 
33,460,410 
28,079,899 
20,348,637 
15,294,676 
10,612,594 

22,543,784 
3,531,736 
5,215,782 

11,638,375 
5,900,331 

1,679,344 
659,130 

1,138,037 
396,602 
549,625 



1,200,421 
3,106,659 
4,265,817 
6,666,313 
9,157,665 
26,407,948 

34,203,137 
31,479,458 
24,914,801 
17,861,106 
11,928,032 
8,618,513 

17,908,955 
7,295,326 
4,680,576 
f 3,284,321 
I 7,133,272 
5,149,111 

1,542,840 
674,131 

1,140,318 
414,315 
550,864 



1,073,793 
3,047,967 
4,237,823 
6,922,726 
9,505,225 
27,812,439 

33,828,835 
27,910,808 
21,524,454 
14,961,906 
10,032,034 
6,808,273 

14,390,558 

6,316,307 

\ 7,018,963 



1,389,769 
546,951 
915,760 
293,111 
406,532 



149,212,696 



141,395,397 



127,889,249 



115,226,743 



196,731 
1,010,609 
1,673,535 
2,623,507 
3,614,509 
10,832,605 

15,650,648 
17,075,169 
16,083,929 
13,715,846 
10,833,148 
3,083,996 

17,967,472 
6,969,131 
4,358,809 

9,942,054 

5,109,379 

1,390,411 
550,803 
882,511 
314,543 
333,301 



197,523 
1,071,341 
1,729,509 
2,758,735 
3,878,378 
11,550,162 

15,824,030 
16,327,333 
15,090,473 
12,164,494 
9,483,649 
6,913,700 

15,698,231 
6,449,179 
4,100,631 

9,569,157 
4,983,395 

1,333,017 
536,345 
913,395 
319,092 
443,128 



211,417 
1,085,444 
1,772,333 
2,730,258 
3,999,025 
11,887,361 

15,558,001 
15,316,834 
13,453,543 
10,448,357 
7,460,' 
5,637,968 

12,519,790 
5,546,304 
3,709,643 
r 2,661,330 
I 5,933,815 
4,344,339 

1,281,790 
555,511 
926,044 
335,849 
452,713 



188,445 
1,069,613 
1,728,796 
2,890,502 
4,107,080 
12,286,893 

15,158,980 
13,782,379 
11,821,062 
8,944,434 
6,324,419 
4,479,948 



1,170,329 
452,450 
740,497 
234,354 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



159 



Table 34.— RETURNS WITH INCOME TAX— N 



INCOME TAX AFTER CREDITS 



$600 under $1,000 

$1,000 under $1,500.. 
$1,500 under $2,000.. 
$2,000 under $2,500.. 
$2,500 under $3,000.. 
$3,000 under $4,000.. 

$4,000 under $5,000.. 
$5,000 under $6,000.. 
$6,000 under $7,000. . 
$7,000 under $8,000... 
$3,000 under $9,000.. 
$9,000 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 $50,000.. 
$50,000 under $100,000. 



$100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



AVERAGE INCOME TAX PER TAXABLE HETURM 
Average incoiK tax 



00 under $1,000. 
,000 under 
,500 under $2J) 
,000 under 
,500 under 
,000 under $4^1 



$4,000 under $5,i 
$5,000 under $6,< 
$6,000 under 
$7,000 under 
$8,000 under $9^000.. 
$9,000 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 $50,000. . 
$50,000 under $100,000. 



$100,000 under $150,000.. . 
$150,000 under $200,000... 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



44,902,840 



42,379 

203,759 
301, 728 
445,048 
619,001 
1, 821, 813 

2,550,949 
3, 311, 603 
3,607,868 
3, 599, 828 
3,283,692 
2, 892, 363 

8,247,732 
2,970,823 
1, 716, 653 



748, 068 
361, 066 
631, 123 
242, 861 

310, 895 



42,225,498 



1,673 
2,342 
4,240 

8,037 
22,144 

47, 614 
71, 940 
123,507 
302, 067 
909, 050 



40,683 

189,510 
292,233 
437,401 
619,751 
1,839,791 

2,638,750 
3,300,305 
3,547,517 
3,452,319 
3,033,931 
2,601,504 

6,950,821 
2,576,761 
1,545,326 
4,066,629 
2,483,556 



396,748 
763,781 
296,591 
341,654 



38,581 
188,084 
301,822 
447,420 
648,374 
1,836,314 

2,763,651 
3,382,547 
3,537,387 
3,296,665 
2,333,581 
2,311,721 

6,158,533 
2,289,335 
1,395,203 
3,597,608 
2,273,336 

631,157 
319,630 
606,604 
225,573 
280,525 



38,645,299 



33,920 
190,429 
306,486 
461,710 



2,860,453 
3,371,068 
3,440,244 
3,149,451 
2,720,390 
2,157,614 

5,477,515 
2,094,829 
1,322,695 
3,540,277 
2,627,092 

854,300 
328,449 
617,667 
225,399 
267,766 



34,335,652 



33,062 
190,127 
305,682 
466,973 
671,815 
1,997,817 

2,945,326 
3,336,990 
3,177,815 
2,778,601 
2,273,624 
1,822,007 

4,291,393 
1,757,062 
1,168,543 

3,101,322 
2,106,658 

689,633 
291,744 
515,858 



34,393,639 



32,732,132 



29,613,722 



26,665,753 



39,228 
201,208 
332,570 
520,852 
716,095 
2,169,991 

3,150,403 
3,438,513 
3,249,034 
2,790,760 
2,226,224 
1,677,398 

3,851,830 
1,638,343 
1,120,835 
3,104,270 
2,173,193 

716,994 
307,378 
536,036 
200,731 
231,643 



39,381 
213,384 
344,842 
548,045 
769,289 
2,312,101 

3,136,754 
3,284,233 
3, 044, 035 
2,475,365 
1,950,763 
1,435,763 

3,369,114 
1,520,665 
1,058,133 
3,009,248 
2,123,630 

703,831 
297,130 
545,677 
202,455 
283,234 



42,172 
216,479 
352,948 
551,714 
793,795 
2,381,762 

3,129,354 
3,076,915 
2,712,048 
2,122,710 
1,531,392 
1,170,459 

2,692,340 
1,303,272 
961,080 
745,939 
1,962,136 
1,652,467 

653,397 
305,330 
549,179 
209,343 
290,986 



37,648 
213,519 
344,635 
575,130 
317,847 
2,467,295 

3,049,831 
2,770,109 
2,385,403 
1,820,597 
1,301,277 
932,992 

2,135,166 
1,145,589 
1,521,883 



614,555 
257,014 
455,363 



1,683 
2,901 
4,331 
3,207 
22,538 

48,394 
73,120 
125,995 



1,693 
2,913 
4,314 

8,160 
22,490 

48,037 
72,992 
126,350 
311,996 
950,932 



8,334 
22,902 

48,915 
73,396 
129,327 
314,364 
1,010,438 



1,727 
2,991 
4,418 



22,997 

49,088 
75,876 
131,023 
329,456 
937,962 



77,114 

134,729 

347,285 

1,067,502 



3,691 
23,892 

50,425 
77,317 
135,370 
341 ,408 
1,075,500 



1,775 
3,073 
4,573 
6,194 
10,295 
23,833 

50,643 
77,681 
136,937 
336,296 
1,106,410 



52,901 
30,513 
140,305 
354,199 
1,106,338 



29,430,659 



46,165 
255,864 
449,872 
695,210 
988,259 
2,871,975 

3,545,531 
3,232,719 
2,637,384 
2,027,856 
1,422,343 
1,022,925 



812,499 
414,246 
149,012 
169,496 



1,021 
1,233 
1,454 



153,880 

400,570 

1,168,933 



160 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



Table 33.— SOURCES OF INCOME BY TYPE 

[T.ixable and nontaxable retarns] 



Sources of income 


1962 


19bl 


1)60 


1959 


1958 


19 iV 


195o 


1055 


1954 


1953 




(Thaum»nd doIUf) 


Adjusted gross income less deficit 


3i8,701,ioo 


329,861,284 


315,466,382 


M5, 094, 979 


281,154,092 


280, 320, 556 


267,724,268 


248, 530, 317 


229,221,375 


228,708,256 


Positive income, total 


354, 994, 981 


335,429,542 


321,099,738 


310,168,638 


235,415,762 


284,617,190 


272,015,298 


252,452,031 


233,167,237 


232,617,110 




283, 372, 515 
10, 639, 818 
7,155,412 

1, 349, 567 
972, 926 
691, 986 

26, 351, 131 
10, 210, 149 
6,821,421 
68, 825 
3,933,475 
584, 339 

2, 343, 416 

6. 295, 207 


266,902,279 
9,889,743 
5,683,167 

1,114,271 

745,922 

669,421 

25,394,526 

9,719,233 

8,290,379 
158,893 

3,661,172 
583,592 

2,616,439 

5,568,258 


257,917,854 
9,530,143 
5,056,793 

962,154 

654,794 

574,547 

23,958,911 

9,757,435 

6,003,859 
70,113 

3,543,887, 
560,530 

2,308,657 

5,633,355 


247,370,212 
9,355,766 
4,395,418 

883, 362 

577,699 

637, 398 

24,322,663 

10,220,410 

6,796,502 

85,557 

] 4,008,037 
1,514,464 

5,073,709 


,227,550,557 
8, 740, 562 
3,559,211 

885,321 
435,703 
618,018 

22,889,975 

9,810,153 

4,879,114 

75, 319 

3,961,903 
1,909,920 

4,261,570 


228,076,909 
9,123,757 
3,318,950 

755,954 

384,057 

618,020 

22,525,946 

9,953,718 

4,128,228 

90, 151 

3,945,252 
1,686,228 
4,296,624 


215,617,981 
8,605,555 
2,872,013 

557, 308 

284,477 

525, 377 

23,561,890 

9,392,978 

4,991,131 

72,560 

3,920,454 
1,313,473 
4,291,0X 


200,712,105 
7,850,903 
2,583,609 

626,639 
244,995 
565,614 

20,597,223 

9,553,444 

5,126,350 

96,750 

3,597,269 

797,732 

3,922,314 


185,952,623 
7,047,855 
2,370,2X 

\ 806,069 

685, 140 

19,234,612 

9,004,043 

3,731,352 

107,811 

3,536,292 

690,691 

3,945,862 






5,828,279 






Pensions and annuities: 










1,691,475 








3,802,900 








52,885 
















3,908,854 




2,925,775 
865, 832 
1, 050, 393 
285, 266 
1,063,070 
75,016 
29, 855 


2,764,820 
770, 393 
670,085 
249,853 
902,263 
78,555 
40, 392 
91,897 


2,887,155 
791,4^ 
704,284 
152,822 
815,225 
75, 3M 
39,465 
165,534 


2,891,510 
656,938 
522,115 
204,350 

} 772,946 
25,850 


2,216,398 
578,402 
549,110 
157,514 

735,161 
25,085 


2, 186, 579 
604,802 
642,695 
161,479 

686,167 
14,902 


2, 377, 244 
540,653 
438,465 
311,521 

576, 341 
46,806 


2,167,220 
529,497 
375,213 
218,564 

611,297 
20,523 


2,308,809 
478,242 
379,446 
199,058 

429,542 

5,800 

144,965 






515,715 








182,636 












_ 


Net operating loss deduction* 


202,302 



subje 



ithhoiding, reported as other . 



Form 1040A. Begiimir^g 






^Excludes wages, for 1953-57 less than $100 and for 1958-62 less than $200 per return, 
1954, salaries and wages are after excludable sick pay and allowable employee expense. 

^Dividends reported on Form 1040 and, for 1959-60, Form 1040W. Beginning 1954, includes dividends eligible for exclusion received through partnerships and fiduciar 
tabulated amounts, however, are after exclusions. For 1961, excludes dividends reported with other income on page 1, Form 1040, but not specifically identified on 
schedule. 

^Interest reported on Form 1040 and, for 1959-60, Form 1040W. Includes partially exempt interest received through partnerships and fiduciaries. For 1961, excludes interest 
reported with other inc^.me on page 1, Form 1040, but not specifically identified on a separate schedule. 

*Includes wages not subject to income tax withholding, dividends, and interest, not exceeding $100 per return for 1952-57 nor $200 for 1958-62, reported in one sum on Form 
1040A. Reduced by net operating loss deduction, 1955-59 and 1962. Includes "Sources not supported by Schedule B" for 1961. 

'Loss from estates and trusts not applicable prior to 1954. 

*'For 1955-59 and 1962, net operating loss deduction was an adjustment which reduced "Other sources." 



Table 36. —ITEMIZED DEDUCTIONS ON RETURNS WITH ADJUSTED GROSS INCOME, BY TYPE 

[Taxable and nontaxable returns] 



Type of deduct 



Total 

Interest paid 

Taxes 

Contributions 

Medical and dental expense. 

Child care 

Casualty losses 

Other deductions 



10,274,461 
13,C»M.,9U 
7, 516, 088 
6,078,699 




6,269,154 
7,480,346 
,5,593,835 
4, 283, 546 



22,612,729 



4,810,079 
5,827,909 
4,877,793 
3,472,908 
110,577 
347,394 
3,165,569 



17,403,227 



3,201,287 
4,076,6X 
3,891,173 
2,971,172 
87,960 
44i,245 
2,730,760 



1,735,359 
1,539,153 
1,552,448 
,391,339 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



161 



Table 37.— SELECTED SOURCES OF INCOME BY ADJUSTED GROSS INCOME CLASSES 

[Taxable and nontaxable returns] 



SALARIES AND WAOES^ 



Grand total. 



Returns i/lth 



Under $600 

*600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $4.000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$6,000 under $9,000 

$9,000 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 $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 
$150,000 under $200,000... 
$200,000 under $500,000... 
$500,000 under $1,000,000. 
$1,000,000 or more 



Returns with no adjusted gross 



Grand total. 



, Returns with adjusted gross 

Under $600 

$600 under $1 000 



$1,000 under kl, 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 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 $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000... 
$150,000 under $200,000. . . 
$200,000 under $500,000... 
$500,000 under '$1,000,000. 

$1,000,000 or more 

etums with no adjusted gro: 



IWTEREST RECEIVED^ 



Grand total. 



Returns with adjusted gross : 



Under $600 

$600 under $1,000. 
$1,000 under 

50O under $2Ji 

000 under 



$1 



500 under 

000 under 

000 under 

OOO under 

OuO under 

000 under 

000 under $9J 

000 under $10,000. 



000 under 
000 under 
000 under 
000 under $100,000. 



$30 

$50 

$100,000 under $150,000. . . 

$150,000 under $200,000... 

$200,000 under $500,000... 

$500,000 under $1,000,000. 

$1,000,000 or more 



Returns with no adjusted gross 



end of table. 



283.372.515 


266,902,279 


257j917,854 


247,370,212 


227,550,557 


228,076,909 


215,617,981 


200,712,105 


185,952,623 


137,733.920 


283,142,873 


266,719,831 


257,684,493 


247,121,980 


227,354,096 


227,949,466 


215,482,206 


200,580,472 


185,794,926 


137,607,862 


1, 145, 176 


1,129,79? 


1,134,933 


1,116,099 


1,128,719 


1,083,262 


1,037,936 


1,074,269 


1,137,682 


1,208,770 


1,882,882 


1,873,270 


1,833,379 


1,322,914 


1,862,471 


1,358,101 


1,853,051 


1,970,417 


1,958,083 


1,974,738 


3, 802, 197 


3,730,402 


3,736,952 


3,752,570 


3,904,993 


3,974,643 


4,165,125 


4,373,953 


4,433,881 


4,587,925 


4,382,371 


4,447,553 


4,604,571 


4,641,603 


4,846,089 


5,048,631 


5,252,048 


5,688,277 


5,873,995 


6,267,596 


5,803,736 


5,952,096 


6,125,662 


6,319,678 


6,662,191 


7,037,397 


7,289,584 


7,603,711 


8,119,186 


3,470,037 


7, 311, 053 


7,669,264 


7,963,012 


8,250,462 


3,522,612 


8,810,665 


9,393,512 


10,165,026 


10,641,552 


10,956,687 


19, 440, 745 


19,888,026 


20,581,954 


21,105,996 


22,510,230 


23,876,171 


25,456,095 


27,079,405 


28,790,162 


29,243,923 


24,646,574 


26,060,129 


27,451,193 


28,409,710 


29,557,033 


32,022,396 


32,675,903 


32,788,655 


32,468,575 


32,721,872 


30,440,811 


30,868,939 


32,153,793 


31,903,745 


31,741,608 


32,989,708 


1 




.25,355,680 


27,027,812 


31, 685, 132 
29,476,591 


31,277,287 
28,192,935 


31,396,062 
26,487,947 


30,148,321 
25,084,338 


27,638,977 
21,813,101 


27,832,545 
21,660,164 


>98,CK6,618 


85,563,600 


W2, 730,007 


32,569,311 


24, 366, 263 


22,738,854 


21,051,895 


19,937,313 


16,304,506 


15,791,770 






^,915,124 


13,599,675 


20, 367, 124 


18,055,945 


16,089,402 


14,603,331 


11,925,159 


10,819,634 


J 




49, 398, 946 


40,438,531 


35,418,026 


30,361,294 


22,647,613 


19,541,232 


16,256,390 


12,313,204 


9,319,192 


9,062,659 


12,155,155 


9,843,877 


3,461,039 


7,232,382 


5,700,081 


5,067,839 


4,426,768 


3,655,396 


3,083,117 


2,970,569 


4, 882, 582 
j 7,659,084 


4,147,931 
6,871,477 


3,720,619 
6,239,727 


3,251,085 
5,715,734 


2,741,831 
4,966,444 


2,532,595 
4,995,800 


2,273,670 
4,456,293 


1,947,202 
/ 1,235,890 
\ 2,628,218 


X 2,933,567 
2,270,315 


2,714,536 
2,272,934 


2,841,434 


2,457,212 


2,314,358 


2,498,934 


2,068,182 


2,115,655 


2,029,914 


1,680,933 


1,553,470 


1,383,737 


503, 231 


547,340 


433,915 


545,850 


451,670 


463,642 


454,905 


407,839 


375,500 


y 430,495 


188, 629 


185,345 


174,643 


168,218 


146,630 


155,313 


144,201 


142,553 


120,346 


211, 200 


234,713 


210,639 


206,774 


177,335 


130,197 


130,717 


167,679 


142,322 


124,054 


37, 693 


39,824 


32,267 


31,276 


25,973 


32,507 


30,369 


31,409 


17,062 


16,289 


14,164 


19^031 


13,000 


13,348 


10,643 


9,049 


9,052 


7,836 


6,108 


4_,193 


229,642 


182,448 


233,361 


248,232 


196,461 


127,443 


135,775 


131,633 


157,697 


126,058 


10, 639, 818 


9,389,743 


9,530,143 


9,355,766 


8,740,562 


9,123,757 


8,605,656 


7,850,903 


7,047,866 


5,828,279 


10, 606, 714 


9,844,709 


9,470,311 


9,315,880 


3,702,630 


9,090,207 


8,566,577 


7,819,949 


7,030,900 


5,304,993 


18, 543 


12,621 


18,512 


14,069 


13,207 


13,190 


11,016 


13,273 


10,178 


16,520 


45, 978 


44,364 


40,519 


42,419 


33,856 


46,286 


30,433 


35,254 


36,901 


45,296 


94, 375 


85,499 


89,661 


84,247 


76,622 


76,218 


66,284 


73,884 


65,505 


91,647 


123, 742 


104,225 


115,732 


111,271 


93,294 


103,416 


88,726 


86,559 


95,448 


104,656 


125, 980 


101,020 


161,500 


117,949 


107,411 


112,009 


102,587 


95,903 


93,973 


103,491 


135,985 


126,669 


146,376 


140,801 


122,023 


126,162 


101,644 


109,095 


94,609 


109,970 


307, 962 


262,696 


256,410 


246,731 


249,473 


243,555 


238,110 


219,396 


200,461 


194,240 


288, 807 


252,333 


274,069 


241,475 


246,916 


248,661 


226,397 


225,344 


243,493 


202,211 


285, 702 


262,610 


270,591 


244,117 


241,111 


255,226 


1 




C 190,309 


200,941 


304,482 


270,181 


253,564 


257,057 


255,845 


257,338 






11 437,726 




271, 192 


257,767 


257,017 


243,747 


239,163 


275,514 


y 1,007,925 


986,005 


f 722,209 


254, 963 


241,107 


249,319 


231,530 


215,799 


209,039 






fy 318,753 




274, 753 


257,093 


204,653 


211,330 


189,149 


203,204 


J 






1, 166, 334 


1,045,357 


1,012,189 


930,658 


902,488 


909,330 


852,897 


745,815 


721,459 


603,683 


832, 688 


800,980 


750,654 


732,321 


686,730 


687,038 


664,455 


550,954 


520,773 


429,583 


670, 212 


602,269 


581,581 


550,974 


534,650 


555,163 


511,237 


447,336 
r 382,213 
\ 1,022,511 


\ 780,502 


613,459 


! 1,951,993 


1,838,887 


1,672,142 


1,637,581 


1,490,635 


1,615,706 


1,595,905 


363,526 


719,053 


1, 493, 383 


1,317,325 


1,301,213 


1,414,044 


1,325,594 


1,337,553 


1,235,630 


1,128,783 


1,008,076 


730,003 


543, 683 


532,968 


492,449 


597,142 


500,945 


543,319 


543,917 


503,036 


420,263 


y 441,507 


300,665 


293,651 


270,156 


254,810 


248,350 


272,131 


251,820 


239,560 


200,724 


583, 167 


603,355 


552,587 


512,415 


486,348 


513,149 


496,611 


471,294 


376,522 


259,377 


213,771 


225,264 


199,065 


192,292 


173,778 


192,143 


191,563 


187,071 


143,501 


98,413 


318, 354 


305,468 


299.847 


306,900 


268,783 


289,307 


298,920 


286,158 


202,993 


118,724 


33, 104 


45,034 


59,832 


39,83^ 


37,882 


33,550 


39,079 


30,954 


16,966 


23,236 


7,155,412 


5,683,167 


5,056,793 


4,395,418 


3,659,211 


3,318,950 


2,872,013 


2^583,609 


2,370,230 


2,042,649 


7,084,215 


5,628,111 


5,012,516 


4,358,789 


3,618,353 


3,290,387 


2,846,566 


2,555,609 


2,349,915 


2,021,869 


50, 666 


41,998 


36,289 


33,960 


30,360 


23,563 


21,968 


29,683 


21,955 


21,171 


108, 121 


83,466 


76,104 


71,090 


66,408 


54,264 


52,878 


49,508 


53,966 


58,011 


234,504 


187,455 


169,650 


147,531 


119,714 


110,631 


100,672 


97,353 


94,934 


89,031 


272, 833 


214,949 


200,005 


166,423 


125,110 


129,774 


109,234 


110,399 


107,508 


94,303 


282,491 


202,992 


187,476 


168,757 


142,054 


U9,550 


112,167 


99,520 


106,019 


35,395 


261,939 


203,791 


185,593 


172,865 


130,464 


122,393 


102,798 


104,748 


92,538 


83,890 


507,728 


376,715 


347,385 


271,361 


256,874 


224,553 


202,848 


174,864 


176,014 


167,893 


453,859 


362,605 


323,713 


268,614 


246,323 


209,724 


188,276 


196,226 


^ 186,123 


153,417 


452, 672 


337,717 


336,141 


280,402 


248,228 


238,377 


' 




^ 157,850 


•,. 123,276 


415, 501 
369, 997 


330,173 
305,989 


302,511 
273,353 


261,433 
249,236 


211,327 
192,084 


201,377 
171,537 


1 721,931 


622,810 


>■ 224,724 


\ 340,624 


344,225 


282,308 


243,490 


201,212 


155,167 


138,354 






[y 161,870 




304, 303 


251,463 


183,792 


173,118 


130,254 


111,810 


J 




J 


1,023,904 


781,891 


674,160 


559,710 


451,995 


403,510 


334,714 


282,214 


254,104 


210,473 


503, 720 


407,092 


353,634 


305,354 


256,049 


235,591 


190,415 


167,421 


149,775 


127,417 


316, 050 


256,937 


231,333 


187,626 


169,785 


147,336 


127,420 


114,601 
/ 86,428 
\ 195,793 


y 175,403 


150,275 


} 694, 106 


57b, 116 


491,016 


446,228 


373,004 


344,640 


324,568 


173,144 


143,019 


309, 316 


254,626 


242,764 


244,736 


190,775 


190,082 


157,502 


135,470 


128,428 


103,112 


71,464 


68,061 


60,059 


69,057 


52,735 


48,108 


43,300 


37,487 


38,203 


> 42,148 


31, 635 


23,587 


25,395 


23,721 


20,476 


19,207 


16,628 


15,302 


13,916 


49,292 


48,896 


41,543 


37,474 


31,907 


30,545 


24,368 


23,153 


21,099 


13,497 


14, 740 


14,386 


11,032 


10,740 


8,473 


7,929 


7,451 


6,483 


5,441 


4,969 


11, 149 


10,893 


10,578 


8,141 


8,287 


7,532 


6,328 


6,146 


5,851 


4,948 


71, 197 


55,056 


4i,277 


36,629 


40,353 


28,563 


25, «7 


23,000 


20,315 


20,780 



162 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



37.— SELECTED SOURCES OF INCOME BY ADJUSTED GROSS INCOME CLASSES- 
[Taxable and nontaxable returns] 



Adjusted gross income classes 



BUSINESS PROFIT 



Grand total. 



Returns with adjusted gross income, total. 



Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 under $3,000 

$3,000 under $<,000 

$i,000 under t5,000 

$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 $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000.... 

$150,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000. 
$1,000,000 or more 



adjusted gross 



PARTKERSHIP PROFIT 



Grand total. 



Returns with adjusted gross 
Under $600 

$600 under $1,000., 



$6UU under *l,uuu 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 

$2,500 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 $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $150,000. . . 
$150,000 under $200,000. . . 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



Returns with no adjusted gross 



NET GAIN FROM SALES OF CAPITAL ASSETS' 
Grand total 



Returns with adjusted gross income, total. 

Under $600 

$600 under $1,000 

$1,000 under $1,500 

$1,500 under $2,000 

$2,000 under $2,500 



$2,500 under $3,000., 
$3,000 under $4,000., 
$4,000 under $5,000., 
$5)600 under $6,000. , 
$6,000 under $7,000., 

$7,000 under $3,000., 
$8,000 under $9,000. , 
$9,000 under $10,000, 
$10,000 under $15,000, 



000 under $20,000.. 
000 under $25,000.. 
000 under $30,000. . , 
000 under $50,000. . 
000 under $100,000. 



$100,000 under $150,000. . . 
$150,000 under $200,000. . . 
$200,000 under $500,000. . . 
$500,000 under $1,000,000. 
$1,000,000 or more 



123,011 

242,283 

450,732 

562, 838 

680, 786 

771, 107 

1, 817, 216 

1, 895, 007 

1, 755, 044 

1, 594, 847 

1,457,146 

1, 259, 249 

1, 125, 848 

3, 899, 241 

2,407,295 

1, 719, 987 

3, 713, 991 

1, 134, 023 

UO, 028 

31, 149 

30, 058 

3,555 

7,361 



39, 329 



14, 319 
22,945 
52,233 
62, 221 
83,427 

96. 935 
257, 265 
363, 326 
354, 530 
375, 725 
404, 816 
352, 941 
352, 949 

., 410, 312 
., 066, 279 

859, 906 
1,402,359 
-, 176, 502 

245, 617 

95. 936 
110, 678 

15,139 
9,389 



24,400 



33, 874 
38, 935 
67, 720 
89, 049 
99, 823 
92, 593 
228, 189 
196,462 
204, 337 
197,903 
170,697 
188, 977 
170,446 
701, 946 
465,916 
323,889 
912,844 
742, 075 
338, 903 
208, 162 
495, 305 
275, 531 
371, 519 
206, 326 



127,312 

278,859 

515,570 

619,229 

737,644 

856,492 

1,876,167 

1,942,297 

1,766,985 

1,450,037 

1,332,512 

1,198,935 

1,044,309 

3,444,572 

2,166,969 

1,467,859 

3,342,489 

992,197 

115,575 
33,154 
30,384 
5,667 
5,362 



23,958,911 I 24,322,663 | 22,889,976 



142,741 

290,622 

552,211 

639,751 

758,570 

876,508 

1,875,700 

1,901,583 

1,628,061 

1,478,936 

1,259,592 

1,091,709 

924,926 

3,191,220 

2,031,083 

1,326,306 

2,910,747 

376,997 

91,518 

27,199 

22,159 

4,649 

3,138 



574,191 
688,078 
793,364 

877,503 
1,876,250 
1,901,323 
1,687,931 
1,383,536 
1,229,214 
1,083,613 

916,077 
3,176,156 
2,021,286 
1,359,051 
2,969,785 
1,061,011 

129,750 
26,721 
25,390 



141,708 

311,799 

631 ,416 

745,884 

868,704 

946,780 

2,104,088 

2,099,512 

1,623,515 

1,284,853 

1,117,731 

999,157 

881,465 

2,832,505 

1,789,041 

1,240,592 

2,470,739 

639,447 

84,856 

22,057 

23,266 

5,586 

3,523 



22,525,946 I 23,661,890 | 20,597,223 | 19,234,612 | 18,677,699 



22,462,196 23,629,904 



143,575 

309,010 

647,986 

740,022 

859,032 

953,238 

2,016,971 

1,966,346 

1,542,665 

1,322,267 

1,076,011 

957,008 

821,760 

2,814,309 

1,755,545 

1,162,654 

2,384,638 

820,783 

105,207 

24,420 

31,271 

4,931 

2,547 



141,559 
365,389 
722,451 
912,076 
1,067,262 

1,163,462 
2,223,430 
2,166,671 



1,182,472 
2,383,227 
729,112 
97,246 
27,552 
25,177 
3,521 
5,958 



20,566,259 



148,721 
363,410 
740,022 
907,243 
1,033,484 

1,020,601 
2,001,591 
1,801,998 



1,095,738 
687,976 
1,278,793 
594,886 
87,752 
26,552 
22,151 



140,399 

351,725 

727,315 

874,895 

982,191 

1,068,887 

2,030,397 

1,659,320 

1,286,147 

L 1,944,314 

[ 1,357,126 



97,073 
25,205 
25,587 



52,985 I 76,409 I 21,747 I 63,750 | 31,936 | 30,964 | 16,041 | 



13,178 
26,913 
50,336 
61,405 
83,990 

115,492 
285,432 
378,802 
388,477 
398,456 
367,738 
341,622 
324,719 
1,316,131 
963,402 
784,127 
2,150,039 
1,072,196 
252,981 
111,950 



20,852 



,163,259 



29,364 
43,927 
76,126 
90,484 
98,294 
103,023 
243,236 
234,158 
218,387 
234,086 

229,667 
228,698 
210,533 
811,182 
564,734 

430,281 
1,172,664 
913,414 
449,810 
266,956 
683,803 
360,075 
465,352 

127,620 



15,898 
29,396 
62,826 
71,489 
96,690 

116,857 
328,941 
400,616 
436,429 
395,524 
388,112 
375,398 
327,142 
1,336,003 
1,059,800 

786,272 
2,023,313 
1,018,171 
244,009 
79,673 
107,195 
15,330 
10,796 



31,056 



110,518 
198,854 
190,887 



187,619 
170,004 
145,772 
597,268 
390,096 
275,195 
767,161 
653,422 
284,255 
170,863 
456,165 
241,423 
287,194 
190,2:,3 



21,082 
32,155 
62,137 



136,719 
340,062 
459,618 



394,895 

386,524 

318,794 

1,406,4^3 

995,468 

734,731 

1,907,795 

1,269,380 

293,208 

94,436 

136,930 

25,566 

14,551 



23,651 



63,818 
41,035 
83,071 
92,549 
107,490 
116,873 
219,946 
223,090 
205,536 
218,014 
180,492 
193,215 
174,743 
692,134 
450,052 
331,680 
922,606 
804,058 
396,129 
193,562 
460,346 
222,300 
274,124 
129,739 



19,719 
39,733 
74,043 
89,204 
121,834 
139,833 
390,792 
434,593 
526,073 
413,317 
352,474 
333,125 
357,064 
1,333,276 
993,434 

746,657 

1,900,432 

1,077,687 

236,710 

34,130 

101,435 

18,500 

8,655 



17,433 



,792,409 



37,784 
40,136 
64,135 
68,271 
90,877 
102,852 
226,943 
200,402 
170,593 
161,022 

164,813 
153,292 
120,988 
478,126 
313,791 
236,069 



543,000 
232,796 
130,035 
288,404 
131,512 
207,989 
86,705 



14,152 
30,358 
77,919 
91,119 
136,536 
143,353 
366,252 
472,467 
433,689 
446,951 
447,167 
348,216 
352,745 
1,392,921 
984,322 
747,154 
1,945,585 
1,033,209 
265,016 
80,195 
96,576 
19,137 
11,435 



23,284 
30,565 
63,473 
77,517 
76,570 

96,596 
153,870 
147,009 
158,543 
147,188 
121,001 
109,099 
122,352 
418,554 
265,128 
201,438 



450,835 
215,374 
113,403 
263,416 
150,959 
132,829 
79,795 



16,694 
29,404 
66,949 
90,795 
111,029 

151,173 
395,649 
441,200 



719,879 
1,778,210 
927,671 
229,513 
75,232 
99,149 
14,935 
8,767 



24,413 



68,933 
91,719 
82,148 
78,381 
177,789 
157,514 



225,448 
675,595 
534,060 
292,570 
138,576 
321,853 
154,496 
241,698 
116,449 



21,249 
39,528 
75,846 
109,059 
154,644 
197,795 
475,302 
516,311 



1,261,349 
900,070 
681,380 [\. 
525,325 i 
1,221,649 
864,953 
236,442 
85,299 
108,622 
21,633 
16,359 



22,572 



25,150 
31,594 
63,294 
66,171 
35,536 
78,582 
160,465 
166,223 



244,349 
206,135 
545,813 
584,414 

279,105 
155,398 
352,739 
172,962 
248,119 

102,150 



78,154 
109,592 
139,110 
195,356 
499,378 
524,379 
490,493 



} 667,205 

1,188,504 

795,926 



226,849 
76,267 
97,570 
18,696 
9,141 



30,150 



20,495 
30,410 
57,167 
58,313 
66,076 
66,450 
150,534 
133,241 
159,003 



163,162 
372,542 
237,653 

315,170 

333,530 
400,335 

190,598 
103,502 
244,209 
107,312 
166,997 
117,350 



Forms 1040A. For 



Returns with no adjusted gross income........ 

^Excludes wages, for 1952-57 less than $100 and for 1953-62 less than $200 per return, not subject to income tax withllolding, reported as other 
1954-62, salaries and wages are after excludable sick pay and allowable employee expense. 

^Dividends reported on Form 1040 and, for 1959-60, Form 1040W. Beginning 1954, includes dividends eligible for exclusion received through partnerships and fiduciaries, a: 
tabulated amounts, however, are after exclusions. For 1961, excludes dividends reported with other income on page. Form 1040, but not specifically identified on a separate 
schedule . 

^Interest reported on Form 1040 and, for 1959-60, Form 1040W. Includes partially tax-exempt interest received through partnerships and fiduciaries. For 1961, excludes 
interest reported with other income on page 1, Form 1040, but not specifically indentified on a separate schedule, 

'Capital gain reported in adjusted gross income. 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



163 



Table 38.— NUMBER OF RETURNS, ADJUSTED GROSS INCOME, AND INCOME TAX BY STATES 
[Taxable and nontaxable 



NUMBER OF RETURNS' 
United States^ 

Alabama 

Alaska^ 

Arkansas 

California 

Colorado 

Connecticut 

Delaware* 

District of Columbia^ 

Florida* 

Georgia 

Hawaii 

Illinois 

Indiana 

Kansas 

Kentucl^ 

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 

Puerto Rico and Virgin Islands^ 8 9 

Rhode Island 

South Carolina 

South Dakota 

Tennessee 

Utah 

Vermont 

Virginia 

Washington^ 

West Virginia 

Wisconsin 

Wyoming 

Other areas^Q 

ADJUSTED GROSS INCOME' 
United States^ 

Alabama 

Alaska^ 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware* 

District of Columbia^ 

Florida' 

Illinois 

Indiana 

Kansas 

Kentucl^ 

Louisiana 

Maine 

Maryland' 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana. 

Nebraska, . . . .' 

Nevada 

New Hampshire 

Footnotes at end of table. 



62.709.083 

839, 198 
68, 299 
iM,777 
484, 080 
6, 186, 519 



1, 685, 127 

1, 096, 984 

243, 805 

217, 343 

3, 806, 569 

1, 590, 890 

947, 277 
746, 554 
873,413 
856, 931 
343, 024 

1,619,915 
2,029,442 
2,612,414 
1, 191, 577 
447, 586 

1, 4S3, 258 
229,443 
516,998 
137, 051 
242, 521 

2, 386, 667 

284, 079 

6, 629, 260 

1, 353, 694 

209, 068 

3,360,412 
747, 105 
627,907 

4, 021, 286 



326, 278 

629, 877 

231, 397 

1, 090, 583 

3,020,013 

306, 711 

132,781 

1, 320, 568 

1, 018, 194 

524, 214 

1,407,472 
116, 361 
200, 280 



61,497,971 

825,932 
63,971 
422,004 
467, 252 
5,928,684 

632,945 
986, 541 
160,089 

1,603,908 

1,073,957 

238,993 

217,749 

3,763,903 

1,567,519 

950,287 
740,653 
852,839 
837,706 
343,996 

1,547,086 
2,013,059 
2, 579, 709 
1,176,442 
438,008 

1,467,682 
226,933 
511,691 
121,165 
235,902 

2,339,605 

278,607 

6, 576, 397 

1,347,775 

205,379 

3,329,399 
731,453 
612,490 

4,015,992 



297,232 
131,456 
1,272,805 
987, 722 
530,8 

1, 387, 739 
115,723 
176, 202 



348,706,890 

3,967,236 
435, 721 
2, 471, 449 
1, 989, 575 
39, 615, 531 



8,450,446 

5, 315, 601 
1,328,945 
1,006,994 
23, 435, 240 
8, 665, 270 

4, 511, 567 
3, 809, 662 
3,950,679 
4,209,430 
1, 505, 594 

9, 281, 593 
11, 344, 733 
15, 949, 030 



61,024,547 

824,701 
58,188 
403,466 
455,571 
5,768,956 

616,050 
973,653 
153,646 
342, 310 
1, 565, 665 

1,055,399 
233,723 
216, 192 

3,762,407 
1,566,046 

957, 124 
733, 312 
854,945 
834,062 
342, 117 

1,186,613 
2,004,142 
2,624,004 
1,155,488 
431,793 

1,472,443 
226,977 
509,256 
113,752 
232,790 

2,306,163 

275,429 

6,523,532 

1,320,085 
206, 555 

3,363,466 
722,920 
609,649 

4,080,064 



131,709 

1,243,078 

974,390 



7, 745, 022 
1,030,932 
2, 406, 863 
358, 377 
1, 193, 355 



330,073, 

3,743,133 
407,648 
2,295,300 
1,787,433 
37,041,487 

3,519,237 

6,170,642 
1,016,353 

7,854,348 

4,926,255 
1,333,816 
1,004,710 
22,317,734 
3,142,474 

4,355,464 
3,646,550 
3,641,059 
4,018,594 
1,428,734 

3,515,045 
10,835,371 
14,629,803 
5,901,677 
1,728,327 

7,374,420 
1,037,834 
2,415,308 
751,000 
1,130,362 



60,259,554 

813,235 
49,633 
331,395 
449,939 
5,624,403 

597,727 
959,873 
154,529 
352,402 
1,509,9 

1,042,878 

225,050 

215,076 

3,756,293 

1,550,060 

957,416 
737,528 
846, 831 
828, 138 
339,903 

1,147,383 
1,984,857 
2,600,665 
1,160,340 
425, 116 

1,459,045 
225,878 
503,252 
106,630 
229, 136 

2,266,499 

271, 221 

6,478,343 

1,291,665 

206,382 

3,345,799 
713,636 
602,822 

4,053,190 



319,283 

588, 349 

224,612 

1,030,009 

2,342,195 

231, 196 
130,055 
1,220,831 
976,841 
548,657 

1,375,870 
114,694 
142, 326 



315,331,693 

3,617,501 
394,161 
2,114,743 
1,677,281 
34,493,395 

3,250,015 
5,867,606 
970, 522 
1,850,743 
7,382,962 

4, 712, 239 
1,195,047 
961,978 
21,550,977 
8,022,075 

4,229,331 
3,450,536 
3,507,532 
3,837,727 
1,408,259 

6,415,569 
10,508,615 
14,822,092 
5,483,200 
1,683,261 

7,114,949 

983,943 

2,203,592 



357,947 

437,224 

5,380,726 

577,895 
942,535 
152,585 
331,031 
1,420,349 

1,007,090 

215,402 

213,093 

3, 717, 343 

1,521,475 

947, 704 
735, 522 
333, 383 
315,793 
335,513 

1,147,033 
1,965,671 
2,575,775 
1, 141, 280 
414,701 

1,439,689 
225,722 
496,352 
101, 535 
222, 377 

2,213,235 

261,903 

6,411,995 

1,236,162 

206, 125 



314,252 
571,968 
224,344 
990,437 
2,776,751 

270, 570 
128, 313 
1,199,987 
964, 507 
560, 207 



59,823,551 

797,638 
49,789 
344,657 
437, 599 
5,361,993 

575,065 
953,721 
153,396 
337, 129 
1,377,490 



213,015 
3,794,017 
1,547,965 



1, 177, 1 
1,984,951 
2,699,377 
1,156,436 
412, 643 

1,455,037 
230,339 
497,461 
99,205 
225,714 

2,248,216 

253,793 

6,522,596 

1,240,340 

205, 814 

3,416,230 
705,955 
591, 142 

4,162,856 



320, 589 
571,904 
224, 341 
999, 391 



269,233 

132,575 

1,199,797 

969,665 



3,500,858 
303, 182 
1,904,676 
1,645,807 
33,072,012 



231,251,669 

3, 291, 834 
285,361 
1,712,650 
1,507,479 
29,770,013 



3,216,964 

290,254 

1,598,086 

1,423,375 



2,967,757 
5,655,363 
951,303 
1,344,8 
7,052,349 

4,516,778 
1,051,1 
938,629 
20,932,430 
7,647,1 

4,009,312 
3,356,453 
3,472,293 
3,960,243 
1,303,173 

6,146,195 
10,111,065 
14,218,448 
5,313,557 
1,558,;' 

6,841,945 
1,038,983 
2,085,106 
532,298 
1,003,257 



909,922 
1,655,251 
6,269,910 



3,967,906 
3,197,240 
3,251,131 
3,606,286 
1,223,815 

5,660,245 
9,202,549 
12,921,648 
4,964,750 
1,443,453 

6,399,093 
912,238 

2,013,793 
566, 527 
931,225 



59,180,568 

783,854 
38,440 
321,053 
435,817 

5,155,i 

571,640 
94«,346 
151,794 
332,361 
1,282,333 

989,083 

207,901 

211, 155 

3,789,915 

1, 560, 526 

959,867 
746, 312 
849,680 
785,486 
341,666 

1,190,659 
1,973,612 
2,715,040 



1,467,753 
230,720 
504,203 



6,453,901 

1, 210, 540 

206,616 

3,422,694 
703,782 
603,542 

4,168,160 



225,008 

987,464 

2,726,396 

262,742 
133,980 
1,187,217 
971,396 
586, 363 



1,353,315 1,374,699 

111,200 116,263 

119,297 I 97,132 

(Thouuvid datlara) 



267,653,322 

2,964,538 
234,171 
1,456,967 
1,417,590 
26,643,536 



895,720 
1,556,075 
6,056,183 

4,011,521 

897,985 

849, 284 

19,923,139 

7,252,595 

3,654,332 
2,962,089 
3, 359, 160 
3,640,116 
1,255,725 

5,685,935 
9,106,049 
14,238,093 
4,907,244 
1,392,740 

6,249,130 
974,573 

1,749,155 
530,165 
908,346 



5,414,935 

3,793,532 

835,360 

832,577 

19,234,531 

7,032,222 

3,474,393 
2,821,165 
3,121,415 
3,296,122 
1,193,432 

5,511,023 
8,751,324 
13,910,312 
4,716,179 
1,351,135 

6,188,542 
890,246 

1,767,094 
496,276 
839,322 



58,251,393 

739,524 
47,185 
300,697 
415,938 
5,039,543 

552,922 
941,237 
146,365 
342,596 
1,182,710 

962,294 

205,298 

207,584 

3,745,696 

1,552,459 

968,399 
751,806 
833,055 



1,142,363 
1,967,702 
2,726,998 

1,137,958 
377,712 

1,466,425 
239,700 
506,436 
95,964 
221, 136 

2,182,639 

225,458 

6,393,653 

1,163,918 
206,016 

3,424, 
690,467 
592, 592 

4,134,583 
23,360 

329,620 
542,655 
229,308 
947,411 
2,643,005 

258, 100 
132,868 
1,152,305 
956,097 
572,779 

1,355,1 
112,669 
29,451 



248,779,023 

2,679,330 
244,100 
1,263,300 
1,311,1 
25, 132, 639 

2,225,143 
4,625,939 
794, 649 
1,555,327 
4,607,886 

3,519,973 

801,826 

729,642 

17,270,748 

6,592,920 

3,270,824 
2,739,766 
2,920,886 
3,025,241 
1,028,641 

4,928,627 
8,235,733 
13,401,902 
4,373,102 
1,204,171 

5,936,919 

397,301 

1,679,067 

455,553 

797,094 



279,907 
390,397 
,733,521 



140,203 

346,729 

1,093,433 

886,430 

196,816 

199,676 

3,664,301 

1,528,812 

949,318 
733,946 
797,181 
726, 310 
337, 301 

1,084,152 
1,946,708 
2,631,029 
1, 109, 306 
336,270 

1,443,093 
218,442 
497, 166 
89,406 
215,998 

2,140,475 

211,876 

6,347,819 

1,102,039 

200,647 

3,218,821 
663,978 
578,796 

4,115,703 
21,325 

317,935 

518,343 

224,952 

908,671 

2,536,573 

247, 331 
123,901 
1,105,919 
932,470 
568,245 



230,401,432 



1, 133,078 
1,221,340 
22,023,493 

2,137,817 
4,330,913 
659, 777 
1,474,718 
4,069,109 

3,149,890 

719, 347 

750,695 

16,597,193 

6,103,459 

3,276,360 
2,7^8,186 
2,772,582 
2,300,016 
1,031,944 

4,531,032 
7, 553,935 
12,194,265 
4,077,055 
1,076,518 

5,494,835 
840,262 

1,666,113 
410,893 
750,875 



164 



INDIVIDUAL INCOME TAX RETURNS, 1953-1962 



Table 38. —NUMBER OF RETURNS, ADJUSTED GROSS INCOME, AND INCOME TAX BY STATES— Continued 

[Taxable ajid nontaxable 



States 


1962 


1961 


1960 


1959 


1958 


1957 


1956 


1955 


1954 


1953 


ADJUSTED GROSS INCOME"— Continued 


frhou-tiJ *.J/.r.) 




14,925,916 
1,439,871 

41,477,457 

5, 960, 224 

898, 709 

19, 569, 650 
. 3,454,506 
3,400,361 
21,758,380 

1,652,435 
2, 787, 620 
950, 956 
5,122,014 
15, 439, 457 

1,638,566 
568,568 
6,638,307 
6,012,075 
2,378,992 

7,417,043 
536,244 
811, 706 


14,075,689 
1,385,490 

40,016,566 

5,569,938 

755,750 

18,670,688 
3,421,427 
3,135,919 

20,832,624 

1,646,206 
2,579,520 
899,635 
4,551,566 
14,827,975 

1,605,943 
559,174 
6,154,659 
5,695,080 
2,386,150 

6,991,732 
592,699 
698,404 


13,302,920 
1,»9,515 

38,035,640 

5,266,653 

736.633 

18,472,137 
3,204,864 
3,144,701 

20,653,943 

1,497,301 
2,395,445 
783,194 
4,334,378 
13,576,416 

1,437,506 
538,055 
5,818,433 
5,321,380 
2,405,649 

6,966,723 
565,744 
626,469 


12,867,036 
1,315,189 

37,041,543 

5,032,725 

747,449 

17,921,389 
3,169,698 
3,095,901 

20,199,594 

1,480,696 
2,324,446 
742,195 
4,003,131 
13,434,706 

1,393,053 
521,362 
5,476,780 
5,240,410 
2,330,905 

6,691,462 
565,475 
611,282 


11,863,692 
1,137,707 

34,017,074 

4,455,781 

761, 562 

16,310,287 
2,933,377 
2,336,326 

13,967,829 

1,389,818 
2,058,384 
789,833 
3,784,554 
12,697,359 

1,231,639 
483,167 
5,051,267 
4,985,990 
2,211,208 

6,120,661 
514,613 
434,241 


11,667,443 
1,111,271 

33,893,484 

4,467,355 

673,681 

17,389,492 
2,871,543 
2,584,107 

19,513,876 

1,334,580 
2,068,449 
693,770 
3,796,296 
12,356,351 

1,210,617 
485,857 
4,997,439 
4,665,784 
2,491,355 

6,157,596 
543,190 
380,569 


11,135,104 
955,265 

32,208,136 

4,230,500 

563,252 

15,919,511 
2,762,684 
2,743,324 

13,814,973 

1,357,408 
1,953,855 
671,758 
3,673,637 
11,581,769 

1,155,318 
480,734 
4,752,338 
4,525,620 
2,298,203 

5,916,479 
493,013 
221,342 


10,304,398 

891,310 

30,427,648 

3,984,982 

575,222 

15,917,573 
2,572,734 
2,501,058 

17,358,034 
53,333 

1,305,004 
1,838,845 
645,905 
3,295,848 
10,695,062 

1,041,548 
406,288 
4,384,935 
4,202,739 
2,055,092 

■5,480,112 
435,582 
99,152 


9,626,561 

804,415 

28,907,625 

3, 591,944 

552,491 

13,935,208 
2,440,907 
2,427,855 

16,167,247 
54,759 

1,145,238 
1,697,197 
653,976 
3,115,501 
10,248,638 

916,952 

395,251 

4,040,840 

4,263,326 

1,909,683 

5,008,957 
405,817 


9,623,391 




805,671 




28,338,061 




3,503,692 




581,462 




14,793,481 




2,426,682 




2,290,259 




15,851,700 




- 




1,213,827 




1,733,783 




531,981 




3,121,764 




9,536,925 




9X,959 




381,610 




3,889,100 




4,140,917 




2,063,685 




5,163,817 




437, 277 


Other areas'^ 


- 




4^,892,879 


42,271,001 


39,545,386 


38,653,002 


34,350,979 


34,382,205 


32,705,051 


29,653,960 


26,707,201 


29,447,255 




435,818 
60,439 
298,620 
214, 906 
5,281,491 

456,384 
947,092 

1, 001, 696 

616,357 

166, 540 

107,971 

3, 305, 863 

1,110,820 

507, 957 
449,553 
450, 523 
502, 156 
167, 026 

1, 251, 715 

1,493,001 

2,1CT,032 

707, 241 

188,684 

930, 019 
119, 110 
291,282 
125, 195 
141,491 

2,027,691 
163, 859 

5,778,748 
641,511 
89,226 

2,557,600 
407,295 
417, 687 

2,775,745 

214, 739 
292,472 
96, 322 
612, 505 
1,973,152 

182,501 
61,731 
813, 322 
731, 396 
272, 899 

895,724 
73, 341 
94, 314 


398,949 
55,683 
274,572 
182,345 
4,954,608 

443,624 
398,886 
170,761 

936,425 

553,523 

179,505 

107,182 

3,124,181 

1,020,070 

502,815 
426,901 
401,990 
479,060 
157,085 

1,115,402 

1,410,865 

1,891,949 

690,988 

165,770 

939,080 
119,355 
XI, 369 
110,293 
133,197 

1,909,484 
157,442 

5,629,153 
577,923 
72,949 

2,432,800 
403,733 
391, 523 

2,635,134 

209,112 
257,151 
90,636 
508,564 
1,366,117 

174,926 
60,187 
■'34,060 
733,881 
272, 502 

851,172 
71,991 
83,123 


384,260 
56,262 
253,511 
164,662 
4,516,589 

398,589 
834,911 
166,581 
272,534 
851,475 

517,492 
154,450 
103,661 
2,950,920 
997,294 

477,063 
396,367 
375,523 
448,224 
147,835 

802,038 

1,361,979 

1,907,963 

640,702 

163,794 

834,223 
110,088 
262,493 
88,331 
124, 505 

1,738,377 
145,092 

5,076,664 
519,969 
75,016 

2,334,896 
364,237 
383,156 

2,586,134 

186,292 
227,103 
77, 376 
474,265 
1,693,213 

152,870 
55,392 
676,256 
661,813 
268,931 

842,739 
70,643 
69,078 


374,116 
42,299 
234,732 
165,621 
4,421,990 

353,518 
803,105 
168, 562 
274,681 

846,579 

489,985 
128,329 
102,640 
2,866,575 
942, 189 

452,989 
375,440 
378,402 
501,704 
134,095 

787,922 

1,282,746 

1,820,845 

618,601 

156,101 

863,947 
122,031 
242,376 
30,906 
114,694 

1,694,865 
151,989 

5,096,864 
500,104 
73,289 

2,294,893 
363,093 
387,414 

2,606,004 

181,815 
226,260 
69,183 
455,555 
1,689,198 

149,110 
54,806 
632,927 
660,953 
262,313 

804,944 
68,476 
74,677 


341,908 
38,812 
194,233 
143,410 
3,816,218 

329,270 
719,754 
153,451 
231,221 
718,672 

437,015 
101,791 
93,716 
2,622,089 
825,964 

435,854 
362,454 
351,212 
412,281 
128,329 

685,079 

1,124,516 

1,607,459 

565,036 

127,704 

781,955 
100,269 
223,376 
75,320 
101,790 

1,539,359 
130,050 

4,494,095 
405,310 
73,354 

2,040,652 
325,006 
343,661 

2,367,996 

171,729 
181,999 
80,214 
405,425 
1,540,539 

127,678 
47,254 
553,767 
622,933 
237,411 

700,507 
59,940 
45,417 


323,363 
38,312 
133,156 
133,857 
3,650,876 

X8,411 
727,089 
154,399 
213,070 
712,395 

419, X6 
101,430 
83,035 
2,695,317 
894,409 

382,461 
321,627 
370,527 
427,308 
129,248 

675,769 

1,111,125 

1,344,636 

550,223 

119,481 

758,715 
109,100 
189,395 
74,276 
101,295 

1,487,159 
127,330 

4,434,724 
415,596 
63,730 

2,219,449 
328,978 
291,605 

2,480,178 

164,759 
179,898 
63,236 
339,538 
1,536,437 

123,060 
46,491 
542,757 
564,834 
279,447 

716,869 
60,955 
49,447 


293,807 
32,080 
166,183 
133,344 
3,373,902 

311,905 
711,347 
161,748 
207,224 
644,329 

385,097 

92,403 

89,123 

2,6U,543 

851,909 

350, 575 
303,255 
326, 503 
388,475 
122,745 

545,307 

1,053,170 

1,339,255 

526,262 

119,728 

746,046 
97,412 

191,471 
69,245 
90,742 

1,411,633 
106,494 

4,232,431 
381,101 
61,074 

2,149,144 
300,580 
332,267 

2,373,040 

156, 319 
175,210 
59,347 
377,369 
1,404,5X 

115,232 
48,531 
520,952 
544,624 
243,830 

686,386 
58,905 
17,169 


265,375 
32,282 
140,551 
114,137 
3,203,108 

261,289 
629,646 
155,364 
211,851 
521,484 

354,561 

84,355 

59,537 

2,139,678 

774,859 

327,874 
295,560 
299,348 
337,321 
99,482 

563, 566 

1,023,410 

1,687,906 

479,223 

101,591 

707, 178 
93,183 

178,280 
62,559 
33,282 

l,2t>5,901 

96,338 

3,947,023 

351,336 

51,462 

1,978,554 
259,320 
285,104 

2,080,488 
994 

165,508 
159,573 
53,270 
325,301 
1,284,540 

100,444 
40,517 
460,397 
501,047 
205,292 

622,459 
49,734 
11,191 


223,474 

122,154 

112,351 

2,712,536 

242,683 
579,527 
122,882 
198,493 
441,261 

310,337 

73,584 

68,057 

2,131,725 

684,031 

324,799 
.285,953 
279,260 
301,572 
94,151 

511,408 
861,447 
1,523,997 
428,529 
93,956 

636,757 
89,707 

176,025 
55,585 
74,769 

1,166,222 
82,691 

3,543,412 
304,673 
45,445 

1,670,831 
257,366 
270,500 

1,371,750 
1,2» 

133,240 
140,929 
55,392 
297,279 
1,208,671 

83,989 
33,979 
415,799 
500,075 
184,974 

531,899 
45,083 


250,142 




_ 




123,797 




109,740 




2,336,356 




257,037 




621,055 




128,749 




a9,126 




450,395 




322,706 




82,129 




68,342 




2,343,043 




792,854 


Iowa 


358,389 
X7,052 




305,518 
321,701 


Massachusetts 

Minnestoa 


110,151 

595,562 
1,014,510 
1,772,474 

472,187 
97,173 




734,844 




94,791 




194,096 




49,757 




87,626 




1,275,U8 




91,501 








3X,854 








2,024,999 




276,194 




290,606 
























332,233 


Texas 


1,223,160 








38,227 






















Other areas^° 





They j 



, however, included in the national totals. 



^Excludes returns with no adjusted gross income, 1953-54, and 'for 1^^55-56 and 1958-62 

^Includes data for citizens and residents of Hawaii, Alaska, Puerto Rico, and Virgin islands 

^For 1953-54, data for Alaska included in statistics for Washington. 

■*Por 1962, Delaware data are not shown separately (see footnote 3 of table 26). 

^For 1961-62, data for District of Columbia included in statistics for Maryland 

^Includes data for retxtms from Panama Canal Zone. 1953-55. For later years, see note 10. 

''For 1961-62, statistics for Maryland Include data for District of Columbia. 

*Por 1953 data for returns from Puerto Rico and Virgin Islands are included in statistics for New Xork. 

'For 1956-62, included in data for Other areas (see note 10). 

'*^For 1953-54, data, except that for Puerto Rico and Virgin Islands, were included wherever the return was filed 
except Puerto Rico, Virgin Islands, and those with Canadian and Ifcxican addresses filed in States contiguous to t! 
Puerto Rico, Virgin Islands, Panama Canal Zone, and returns of citizens residing abroad. 
"Adjusted gross income less deficit, 1955-62. 



Panama Canal Zone and i 



residing abrcad. 



Synopsis of Laws 



SYNOPSIS OF LAWS 

Page 

Table I.— Requirement for filing individual income tax returns, exemption 

allowance, and minimum and maximum tax rates, 1953-62 167 

Table 11. — Requirement for filing the self-employment tax schedule and 

self-employment tax rates, 1953-62 167 

166 



SYNOPSIS OF LAWS 



167 



Table I . —REQUIREMENT FOR FILING INDIVIDUAL INCOME TAX RETURNS, EXEMPTION ALLOWANCES, AND MINIMUM 

AND MAXIMUM TAX RATES, 1953-62 



Items 


1962 


1961 


1960 


1959 


1958 


1957 


1956 


1955 


195A 


1953 




(IfolUrm) 




I 1 


Gross income requirement for filing returns^ 

Regular exemption for taxpayer and each dependent 

Additional exemptions for age 65 or over and for blindness^ 


600 
600 
600 




(Percent) 




20.0 
91.0 






Minimum income tax rate 

Maximum income tax rate 




22.2 

92.0 

88 

























■■•For 195'4-62, persons 65 years of age or over, gross income $1;200. Gross income for 1958-62 includes income earned 
from sources outside the United States, even though tax-exempt. 

^Additional exemptions allowed only for taxpayer and spouse . 

^Income tax before credits need not exceed the indicated percentages of net income for 1953, nor taxable income for 
1954-62 . 



Table II . —REQUIREMENT FOR FILING THE SELF -EMPLOYMENT TAX SCHEDULE, AND SELF -EMPLOYMENT TAX 

RATES, 1953-62 



Item^ 


1962 


1961 


1960 


1959 


1958 


1957 


1956 


1955 


1954 


1953 




(Dollar,) 






, , 


t i 


Self-employment net earnings requirement for filing 

Maximum self-employment income subject to self-employment 
tax 


400 
4,800 


400 
4,200 


400 
3,600 




(Percent) 




4.7 


I J 


3-3/4 


t i 


I 






Self-employment tax rate 


4-1/2 


3-3/8 


3 


2-1/4 



1962 Forms and 



Instructions 



RETURN FORMS, 1962 

Page 

Form 1040A: Individual Income Tax Return 171 

Form 1040: Individual Income Tax Return 176 

Schedule B, Income and Credits 178 

Schedule C, Profit (or Loss) from Business or Profession 194 
Schedule D, Gains and Losses from Sales or Exchanges 

of Property 199 

Schedule F, Farm Income and Expense 203 

Form 2948: Medical and Dental Expense Statement 208 

170 



FACSIMILES OF TAX RETURNS, 1962 



171 



Form 1040A 



U. S. INDIVIDUAL INCOME TAX RETURN (Less than SI 0.000 total income) 



1962 



Please 
print — >■ 


1. Name (II a joint relurn o( husband and wile, use first names ana middle initials nl boilij 


2. Vour Social S«curity NumlKr 3. Wifa's Social Socurlty Numlxr 

i i i 1 




Home address (Number and street or rural route) 


4. Check one: 

1 1 Single; Q Married filing joint return (even if only one had income); 




City, town, or post office Zone State 


Q Married filing separate return— If wife or husband also filing separately, 

gi»e name 


5. WAGES SHOWN ON FORMS W-2 AND OTHER INCOME 


FEDERAL INCOME TAX WITHHELD 


EMPLOYER'S NAME. Where employed. Write (W) before name of each of wife's employers 


If item 9 is tlO.OOO or 
more, or if item 6 is over 






















tm, use Form 1040. 












6. INTEREST, 
DIVIDENDS. AND 
OTHER WAGES 


Yours 






7. Total Federal income tax withheld 


8. If you had an expense allowance or charged expenses to your employer, see instruc- 
tion 8 and check here □ if appropriate. 


Wife's 






Enclose Forms W-2, Copy B. If your income was S5,000 of more, 
you musJ compute your tax. However, if your income was less than 


9. TOTAL INCOME — >■ 










10. Enter tax from Tax Table or from tax computation schedule*- 






$5,000, you may have the infernal Revenue Service compute your 
tax by omitting items 1 0, 1 1 , and 1 2. If you compufe your own fox, 
•*-paY balance {item T 7) in full with return to your District Director, 


U. If item 10 is larger than item 7, enter balance due ^ 








m in rntrrrrflinri ^ 














■^ 







U.S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE 



LIST YOUR EXEMPTIONS ANU SIGN OH OTHER SIDE. 



13. EXEMPTIONS FOR YOURSELF— AND WIFE (only II all her Iflcome is includad in this relurn, or she had no income) 



Check ( (a) Regular $600 exemption D Yourself Q Wife 

^wX ^^^ Additional $600 exemption if 65 or over of end of 1962 Q Yourself D Wife 

apply. I (<:) Additional $600 exemption if blind at end of 1962 Q Yourself Q Wife 



14. EXEMPTIONS FOR YOUR CHILDREN AND 


OTHER DEPENDENTS (List below) 








1 


NAME 

>■ Enter figure 1 in the last column to right 

for each name listed 

(Give addre^ it different from yours) 


Relationship 


ANSWER ONLY 1 

Months lived in your 
home. II born ot 

died diicing year also 
write -B" or ■■D" 


-OR OEPENOEN 

Diddepeiiiienlhjve 

income ol JbOO 

or more? 


rs OTHER THAN Y 

Amount YOU furnished 

lor dependent's sup- 

potL If lOOX write 

"ALL" 


OUR CHILDREN 

Amount furnished by 

OTHERS including 

dcpcndenL See 

instruction 14 


•* 
•* 












i 


i 










































































15. Total exemptions from items 13 and 14 above >■ 




SIGN 


1 declare under the penalties of perjury that to the best of my knowledge and belief this is a true, correct, and complete return. 


HERE 




(Y«ir sigiutara) 
• If joint return. BOTH HUSBAND AND 


WIFE MUST SIGN even if 


(Due) 
only one had income. 


(U ioiol t. 


lam, wife's uxiutaTT) 




(D< 


e) 
TCo 

J 



762-244 0-65-12 



172 



FACSIMILES OF TAX RETURNS, 1962 

1962 INSTRUCTIONS FOR FORM 1040A 

FOR EMPLOYEES WHO EARNED LESS THAN $10,000 

Card Form 1040A offers an easy way for employees receiving less than 
$10,000 total income to file their 1962 U.S. income tax returns. 

To use CARD Form 1040A follow these simple steps 



1962 



Read instructions below. See "Who May Use 
Form 1040A." If ineligible, use Form 1040. 

Fill out the copy on page 3. If you need help, 
you can ask questions by phone of any Internal 
Revenue Service office or come in for assistance. 



C Transfer answers from the copy to the card. 
Keep the copy for your records. 

D Sign the card and mail it together with your With- 
holding Statements (Forms W-2, Copy B) to your 
District Director of Internal Revenue. 



// your name and address are already printed and punched on the card form, please use this 
card as it will permit high-speed machine handling. Correct the name and address, if necessary. 



WHO MUST FILE A TAX RETURN.— Every citizen or 
resident of the United States under 65 who had $600 or 
more income; if 65 or over, $1,200 or more. 
WHO MAY USE FORM 1040A.— If your income was 
less than $10,000 and consisted entirely of wages re- 
ported on Withholding Statements (Forms W-2) and 
not more than $200 total of dividends, interest, and 
other wages not subject to withholding, you may use 
the card form. A husband and wife may file a joint 
return if their combined incomes do not exceed these 
limits. 

WHO MAY NOT USE FORM 1040A.— File Form 1040 
instead of Form 1040A if — 

(1) you had income from sources other than or in 
amounts larger than those stated above, 

(2) either husband or wife itemizes deductions, 

(3) you claim the tax status of head of household or 
surviving husband or wife, 

(4) you claim dividends received credit or retirement 
income credit, 

(5) you claim an exclusion for "Sick Pay" paid 
directly to you by your employer and this amount 
is included in the total wages shown on your 
Form W-2, 

(6) you claim deductions for travel, transportation, 
or "outside salesmen" expense (however, see in- 
struction 8, page 2), 

(7) you claim credit for payments on estimated tax 
— or an overpayment from 1961, 

(8) you are a nonresident alien (file Form 1040B, 
Form 1040NB, or Form 1040NB-a) . 

WHEN TO FILE. — Please file as early as possible on or 
after January 1, 1963, but not later than April 15, 1963. 
WHERE TO FILE.— With the District Director of 
Internal Revenue for your district. 
WHERE TO GET FORMS.— If you need a Form 1040, 
you can get one from any Internal Revenue office, and 
from most banks and some post offices. Your employer 
will furnish you with a Withholding Statement (Form 
W-2). 

HOW TO PAY. — Checks or money orders should be 
made payable to "Internal Revenue Service." You 
need not pay a balance of tax due of less tlian $1, and a 
refund of less than $1 will not be made unless you apply 
for it. 



•47- -la— 771M-X 



SIGNATURE. — Your return is not valid unless you sign 
it. Both husband and wife must sign a joint return. 

COMPUTATION OF TAX ON FORM 1040A: 

(1) If your income wos less than $5,000. — You may 

figure your own tax from the Tax Table on page 4, or you 
may have the Internal Revenue Service do it for you. 

The Tax Table allows about 10% of your income as 
deductions which include charitable contributions, 
interest, taxes, losses, medical expenses, child care ex- 
penses, and certain miscellaneous deductions. If your 
deductions exceed 10% of your income, it will be to 
your advantage to use Form 1040 and itemize them. 

(2) If your income was $5,000 or more and iess than 
$ 1 0,000. — You must use the standard deduction and 
compute your own tax. A Tax Computation Schedule 
is provided on page 3 to make this computation. 

MARRIED COUPLE: 

(1) How fo prepare a joinf return. — To assure any 
benefits of the split income provisions, a husband and 
wife must file a joint return. If a joint return is filed 
you must include the income of botli; however, a joint 
return may be filed even though one had no income. 
If your income was under $5,000 and you choose to have 
the Internal Revenue Service figure your tax, it will be 
computed on the combined income or on the separate 
incomes, whichever results in the smaller tax or larger 
refund. If you figure your own tax, be sure to make 
both computations and enter the smaller tax or larger 
refund on your return. A joint return may not be filed 
if either husband or wife was a nonresident alien at any 
time during the taxable year. 

(2 ) How f o prepare a separate return. — In a separate 
return each must report his or her separate income and 
fill in a separate form. 

DO YOU OWE A TAX BALANCE?— Under the pay-as- 
you-go system, your withholding tax and your final in- 
come tax should come out about even. This benefits 
both you and your Government. If you owe a balance 
on your 1962 return, you should consider changing your 
Withholding Exemption Certificate (Form W^) or 
asking your employer to agree to a plan of additional 
withholding. 

instructions— Form I040A (1962) 



FACSIMILES OF TAX RETURNS, 1962 



173 



PAGE 2 INSTRUCTIONS FOR PREPARING FRONT OF FORM 1040A 

(T) (2) (S) ^^ y**** ^^^ married and are filing a joint re- 
^-^ ^"^ ^-"^ turn as husband and wife, be sure to enter 



the first names and middle initials of yourself and your 
wife. For example: John F. and Mary L. Doe. Enter 
both your social security number and your wife's social 
security number even though separate returns are filed. 
(S\ Fill in the information from each of your 1962 With- 
^^ holding Statements, Forms W-2. If both husband 
and wife had wages, write "W" before name of each of 
wife's employers. If you lose a Withholding State- 
ment, ask your employer for a new one. If you cannot 
furnish a statement, attach an explanation. 
TWO OR MORE EMPLOYERS.— If a total of more than 
$150 of social security (F. I. C. A.) tax was withheld 
from the wages of either you or your wife because one 
or both of you worked for more than one employer, you 
may claim the excess over $150 as a credit against your 
income tax. 

a. Add up the social security (F. I. C. A.) tax withheld by all 
your employers from your wages in 1962. If joint return, separate 
computations must be made for you and your wife. 

b. Subtract $150. 

c. Enter the balance in the "Federal Income Tax Withheld" 
column of item 5 and write "F. I. C. A. tax" under "Employer's 
Name." 

(g) INTEREST, DIVIDENDS, and OTHER WAGES.— 
^"^ Enter all other taxable income from interest, divi- 
dends, and wages not subject to withholding. Read the 
following instructions before completing this line — 

a. INTEREST. — Include all interest actually received 
or credited to your account by a bank, savings and loan 
association, etc. 

b. DIVIDENDS. — Include all dividends received ex- 
cept the first $50 received from domestic corporations. 
So-called dividends received from mutual savings banks 
or savings (building) and loan associations on deposits 
or withdrawable accounts are treated as interest, not 
dividends. If a joint return is filed and both husband 
and wife had dividend income, each is entitled at most 
to a $50 exclusion and one may not use any portion of 
the $50 exclusion not used by the other. For example, 
if the husband had $100 in dividends, and the wife had 
$20, only $70 may be excluded. 

c. WAGES NOT SUBJECT TO WITHHOLDING.— 
Enter all wages not included in item 5 whether or not 
you have received a Form W-2. An example of these 



Include interest on 
savings and other 
interest and dividends, 
whetlter received 
in cash or credited 
to your account. 



wages are those paid to part-time workers on which the 
employer is not required to withhold income tax. 
(DREIMBURSED EXPENSES 

If you account to your employer for business ex- 
penses or if when you travel on business, he gives you 
a flat allowance for subsistence and mileage of not more 
than $20.00 per day and 15 cents per mile, and he pays 
for them (either by advances or reimbursements or by 
allowing you to use a charge account), you may file 
Form 1040A without showing these amounts by simply 
checking [7] the box in item 8 
on the front of Form 1040A. 
However, if your employer's 
payments are more than your 
expenses, you may not use 
Form 1040A; you must use 
Form 1040 and report the 
excess 
(D ® (0) ® COMPUTATION OF TAX 

a. If your income was /ess than $5,000. — You may 
figure your own tax from the Tax Table on page 4, or you 
may have the Internal Revenue Service do it for you. 
If you figure your own tax, complete items 10, and 11 or 
12. If you have the Service figure your tax, you will be 
sent a bill for the balance due or a check for the refund. 

b. If your income was $5,000 or more and less than 
$10,000. — You must compute your own tax and use the 
standard deduction of 10%. (If your itemized deduc- 
tions are in excess of 10% of your total income, it will 
be to your advantage to use Form 1040. ) See page 3 for 
computation schedule. Keep it for your records; do 
not attach it to your return. 

PURCHASE OF U.S. SAVINGS BONDS.— If you are 
entitled to a refund, you may apply it to the purchase of 
Series E United States Savings Bonds. If you check the 
box following line 12, you will be issued as many bonds 
as your refund will buy in multiples of $18.75 for each 
$25 face value bond, providing it does not leave a bal- 
ance of less than $1 to be paid by check. For example, 
if your refund is $40 you will receive a $50 face value 
bond and a check for $2.50. Bonds will be issued in the 
name used in filing your return. If you file a joint 
return the bonds will be issued only to husband and 
wife as co-owners. 



INSTRUCTIONS FOR PREPARING BACK OF FORM 1040A 



(ijN Fill in this item to receive credit for your and your 
^^ wife's exemptions. A taxpayer cannot claim his 
wife (husband) as an exemption if the wife (husband) 
filed a separate return for any purpose (for example, to 
obtain a refund of income tax withheld). Age and 
blindness are determined as of December 31, 1962. 

Marital Status. — If married at the end of the year 
1962, you are considered married for the entire year. 
If divorced or legally separated on or before the end of 
the year 1962, you are considered single for the entire 
year. If your wife or husband died during the year, 
you are considered married for the year, and may file a 
joint return. 

(\^ Fill in this schedule to receive credit for exemptions 
^"^ for your children, stepchildren, and other dependents. 
Each dependent must meet all of the following tests: 

a. Received more than one-half of his or her support from you 
(or from wife or husband if a joint return is filed). Support 
includes all amounts used for the dependent's support whether 
contributed by the dependent or by others and whether such 
amounts are taxable or nontaxable income such as social security, 
gifts, savings, etc. 

b. Received less than $600 income. (This test does not apply 



to your children or stepchildren who are under 19 or who are 
full-time students for 5 calendar months of the year; however, 
you must have provided over one-half of the child's support.) 

c. Did not file a joint return with her husband (or his wife). 

d. Was either a citizen or resident of the United States or a 
resident of Canada, Mexico, the Republic of Panama, or the 
Canal Zone. (An alien child legally adopted by and living with 
a United States citizen abroad also qualifies as a citizen of the 
United States for this purpose.) 

e. EITHER (1) for the entire year 1962 had your home as his 
principal place of abode and was a member of your household; 
OR (2) was related to you (or to husband or wife if a joint 
return is filed) in one of the following ways: 

Child* Sister Mother-in-law Tlie following if 

Stepchild Grandchild Father-in-law related by blood: 

Mother Stepbrother Brother-in-law Uncle 

Father Stepsister Sister-in-law Aunt 

Grandparent Stepmother Son-in-law Nephew 

Brother Stepfather Daughter-in-law Niece 

*Includes a child who is a member of your household if placed 
with you by an authorized placement agency for legal adoption. 

BIRTH OR DEATH OF DEPENDENT.— You can claim a 
full $600 exemption for a dependent who was born or 
died during the year if the tests for claiming an exemp- 
tion for such dependent are met for the part of the year 
during which he was alive. cs7— le— 77im-i 



174 FACSIMILES OF TAX RETURNS, 1962 

YOUR C©PY=KEEIP FOE YOUR RECORDS 



Form 104M U. S. INDIVIDUAL INCOME TAX RETURN (Less jhan $10,000 t otal incom e; 

1 J Name (If a joint return ot husband and wife, use first names and middle initials of bothjlt^ 



Pleaic 
print - 



(a 



Home address (Number and street or rural route) 



City, town, or post office 



S/WAGES SHOWN ON FORMS W-2 AND OTHER INCOME FEDERAL INCOME TAX WITHHELD EMPLOYER'S NAME. Wtiere employed. Write (W) before name of each ol wife's employers 



|Y*ur Social Security NutnlMr 



me) 

w 



1962 



Wife's Social S&curlty Number 



4. Check one: 

[ I Single; Q Married filing joint return (even if only one had income); 

I [ Married filing separate return — If wife or husband also filmg separately, 

give name.. 



If item 9 is $10,000 or 
more, or if item 6 is over 
$200, use Form 1040. 



9. TOTAL INCOME 



sr 



7. Total Federal income tax withheld 



1> 



10. Enter tax from Tax Table or from tax computation schedule 



m 



II. If item 10 is larger tlian item 7, enter balanca due 



12. If item 7 is larger than item 10, enter rafund 



m 



^^ 



If you had an expense allowance or charged expenses to your employer, see instruc- 
tion 8 and check here □ if appropiiate. 

Enclose Forms W-2, Copy B. if your income was $5,000 or more, 
you must compute your lax. However, if your income was less than 
$5,000, you may nave the Internal Revenue Service compute your 
tax by omitting items 1 0, 11 , and 1 2. tf you compute your own fax, 
■<-pay balance [ifem 1 T) in full with return to your District Director. 
• Check here O, if you want refund applied to U.S. Savings Bonds. 



U.S. TREASURY DEPARTI^ENT • INTERNAL REVENUE SERVICE 



LIST YOUR EXEIIflPTIONS AND SIGN ON OTHER SIDE. 



(f^ EXEMPTIONS FOR YOURSELF— AND WIFE (only H all htr income Is induded In this return, or she had 


no Income) 








Cfil^k (a) 




H Yourself D Wife 1 E"<»' . 
D Yourself DWife 1 Tox«°' 








apply. M Additional $600 exemption if blind at end of 196 


2 [ 


J Yourself D VV 


checked 












(U)eXEMPTIONS for your CHILDREN AND OTHER DEPENDENTS (List below) 


-» 
•♦ 
-» 
-♦ 
-* 




^^ NAME 

^ Enter fifure 1 in the last i^lumn to right 
lor each name listed 

(Give address if different from yours) 


Relationship 


ANSWER ONLY 1 

Months lived in your 
home. It born or 

died during year also 
write "B" or "D" 


'OR OEPENDEN1 

Did dependent have 

income of S600 

or more? 


rs OTHER THAN Y 

Amount YOU furnished 
for dependent's sup- 
port. II IOCS write 


OUR CHILDREN 

Amount furnished by 

OTHERS including 

dependent. See 

instruction 14 












S 


S 










































































15. Total exemptions from items 13 and 14 above *■ 




SIGN 


1 declare under the penalties of perjury that to the best of my knowledge and belief this is a true, correct, and complete return. 


HERE 




(T«ar si(a*lvre) 
• If joint return, BOTH HUSBAND UNO 


WIFE MUST SIGN even if 


(D.I.) 

only one had income 


(II ioini .< 


tarn, wife's signature) 




(D.I.) 



TAX COMPUTATION SCHEDULE (Useonlyif total income, item 9 of Form lOWA, is $5,000 or more) 

1. Enter total income from item 9 of Form 1040A $ 

2. A married person filing a separate return enter $500; all others enter 10 percent of line 1 . 

3. Subtract line 2 from line 1 

4. Multiply $600 by total number of exemptions claimed in item 15 of Form 1040A 

5. Subtract line 4 from line 3 

6. Tax on amount on line 5. Use appropriate tax rate schedule below. Enter here and as 

item 10 of Form 1040A (Do not attach this schedule to Form 1040A) 



If you are a single taxpayer or a married taxpayer tHing a 
separate return, use this tax rate schedule 

If the amount on line 5 is: r-i i- /- 

rt' D . . Enter on une o: 

Oyer But not over 

$0 $2,000 20% of the amount on line 5 

$2,000 $4,000 $400, plus 22% of excess over $2,000 

$4,000 $6,000 $840, plus 26% of excess over $4,000 

$6,000 $8,000 $1,360, plus 30% of excess over $6,000 

$8,000 $9,999.99 $1,960, plus 34% of excess over $8,000 



If you ore married taxpayers filing a joint return, use this tax 
rate schedule 



Enter on line 6: 



If the amount on line 5 is: 
Oi;er But not over 

$0 $4,000 20% of the amount on line 5 

$4,000 $8,000 $800, plus 22% of excess over $4,000 

$8,000 $9,999.99 $1,680, plus 26% of excess over $8,000 

067—16—77164-1 



FACSIMILES OF TAX RETURNS, 1962 



175 



PAGE 4 TAX TABLE FOR INCOMES UNDER $5,000 

If your total income (item 9 on your return) is $5,000 or more use Tax Compulation Schedule on page 3 instead of this Tax Table 



To find your tax read down income columnj until you find the line covering 
to aporopriatc column headed by number correspondinq to number of exc 


Ihe total 
Tiptions 


income 
claimed 


shown as item 9 
on item 15. Er 


. Then 
ter tax 


reed across 
as rfem 10. 


If your total 1 
income is— ] 


Andth 


e number of 
ptions is— 


If your total 
Income is— 


And the number ol exemptions is— 










3 






1 
And you 

are- 
Single or 
a married 
person 
filing 
sepa- 
rately 


2 

And you 
Single or I 
a married; 

person ! 

filing ; 

sepa- 1 

rately ! 


are— 
A 

m'arried 
couple 
filing 
ioinlly 


3 

And you are— 








7 


At least 


But less 
than 


I 


2 


If 4 or 
more 
there 
IS no 
tax 


At least 


But less 
than 


a married 
person 
filing 
sepa- 
rately 


married 
couple 
filing 
jointly 


( 


6 


e 


tSor 

there 
is no 
tax 


You 


r tax is— 1 








You 


tax is— 










$0 
675 


$675 
700 


SO 
4 


$0 



$0 



$2,325 
2,350 


$2,350 
2,375 


$301 
305 


$181 ; 

185 i 


$181 
185 


$61 
65 


$61 
65 


$0 



$0 



$0 



$0 



700 
726 
750 
775 


725 
750 
775 
800 


8 
13 
17 
22 














2,375 
2,400 
2,425 
2.450 


2,400 
2,425 
2,450 
2,475 


310 
314 
319 
323 


190 • 
194 ; 

199 i 
203 i 


190 
194 
199 
203 


70 
74 
79 
83 


70 
74 
79 
83 


























800 
825 
850 

875 


825 
850 
875 
900 


26 
31 
35 
40 














2,475 
2,500 
2,525 
2,550 


2,500 
2,525 
2,550 
2,575 


328 
332 
337 
341 


208 1 
212 i 
217 i 
221 t 


208 
212 
217 
221 


88 
92 
97 
101 


88 
92 
97 
101 


























900 
925 
950 
975 


925 

950 

975 

1 ,000 


44 
49 
53 

58 














2,575 
2,600 
2,625 
2,650 


2,600 
2,625 
2,650 
2,675 


346 
350 
355 
359 


226 '■ 
230 
235 
239 


226 
230 
235 
239 


106 
110 
115 
119 


106 
110 
115 
119 


























1,000 
1,025 
1,050 
1,075 


1,025 
1,050 
1,075 
1 ,100 


62 
67 
71 
76 














2.675 
2,700 
2,725 
2,760 


2,700 
2,725 
2,750 
2,775 


364 
368 
373 

377 


244 
248 
253 
257 


244 
248 
253 
257 


124 
128 
133 
137 


124 
128 
133 
137 


4 

8 
13 
17 




















1,100 
1,125 
1,150 
1,175 


1,125 
1.150 
1.175 
1.200 


80 
85 
89 
94 














2,775 
2,800 
2,825 
2,850 


2,800 
2,825 
2,850 
2,875 


382 
386 
391 
395 


262 
266 
271 
275 


262 
266 
271 
275 


142 
146 
151 
155 


142 
146 
151 
155 


22 
26 
31 
35 




















1,200 
1,225 
1.250 
1,275 


1.225 
1,250 
1,275 
1,300 


98 
103 
107 
112 














2,875 
2,900 
2.925 
2,950 


2,900 
2,925 
2,950 
2,975 


400 
405 
410 
415 


280 
284 
289 
293 


280 
284 
289 
293 


160 
164 
169 
173 


160 

164 

. 169 

1 173 


40 
44 
49 
53 




















1,300 
1,325 
1,350 
1,375 


1 ,325 
1,350 
1,375 
1 ,400 


116 
121 
125 
130 




1 

5 
10 








2.975 
3,000 
3,050 
3,100 


3,000 
3,050 
3,100 
3.150 


420 
427 
437 
447 


298 
305 
314 
323 


298 
805 
314 
323 


178 
185 
194 
203 


: 178 
; 185 
i 194 
! 203 


58 
65 
74 
83 




















1,400 
1 ,425 
1,450 
1,475 


1 ,425 
1,450 
1,475 
1,500 


134 
139 
143 
148 


14 
19 
23 
28 








3,150 
3,200 
3,250 
3,300 


3,200 
3,250 
3,300 
3 .350 


457 
467 
476 
486 


332 
341 
350 
359 


332 
341 
350 
359 


212 
221 
230 
239 


i 212 
i 221 
1 230 
i 239 


92 
101 
110 
119 




















1,500 
1,525 
1,650 
1,575 


1 .525 
1 .550 
1.575 
1,600 


152 
157 
161 
166 


32 
37 

41 
46 








3,350 
3,400 
3,450 
3,500 


3,400 
3,450 
3,500 
3.550 


496 
506 
516 
526 


368 
377 
386 
395 


368 
377 
386 
395 


248 
257 
266 
275 


i 248 
! 257 
i 266 
; 275 


128 
137 
146 
155 


8 
17 
26 
35 














1,600 
1,625 
1,650 
1,675 


1,625 
1,650 
1,675 
1,700 


170 
175 
179 
184 


50 
55 
59 
64 








3,550 
3.600 
3,650 
3,700 


3.600 
3.650 
3.700 
3.750 


536 
546 
556 
566 


404 
414 
424 
434 


404 
: 413 
i 422 
1 431 


284 
293 
302 
311 


: 284 
i 293 
I 302 
; 311 


164 
173 
182 
191 


44 
53 
62 
71 














1,700 
1,725 
1,750 
1.775 


1,725 
1,750 
1,775 
1,800 


188 
193 
197 
202 


68 
73 

77 
82 








3,750 
3,800 
3.850 
3,900 


3,800 
3,850 
3,900 
3,950 


575 
585 
595 
605 


443 
453 
463 
473 


i 440 
i 449 
i 458 
1 467 


320 
329 
338 
347 


i 320 
1 329 
; 338 
i 347 


200 
209 
218 
227 


80 
89 

98 
107 














1,800 
1,825 
1 ,850 
1,875 


1,825 
1 .850 
1,875 
1.900 


206 
211 
215 
220 


86 
91 
95 
100 








3,950 
4,000 
4,050 
4,100 


4,000 
4,050 
4,100 
4,150 


615 
625 
635 
645 


483 
493 
503 
513 


i 476 
1 485 
i 494 
i 503 


356 
365 
374 
383 


i 356 
1 365 
i 374 
i 383 


236 
245 
254 
263 


116 
125 
134 
143 




5 
14 
23 








1,900 
1,925 
1,950 
1,975 


1.925 
1,950 
1 .975 
2.000 


224 
229 
233 
238 


104 
109 
113 
118 








4,150 
4,200 
4.250 
4.300 


4,200 
4,250 
4,300 
4,350 


655 

665 
674 

684 


523 
533 
542 
552 


1 512 
■ 521 
i 530 
; 539 


392 
401 
410 
420 


; 392 
i 401 
! 410 
i 419 


272 
281 
290 
299 


152 
161 
170 
179 


32 
41 
50 
59 








2,000 
2,025 
2,050 
2,075 


2.025 
2.050 
2,075 
2,100 


242 
247 
251 
256 


122 
127 
131 
136 


2 

7 

n 

16 


4.350 
4,400 
4,450 
4,500 


4,400 
4.450 
4.500 
4.550 


694 
704 
714 
724 


562 
572 
582 
592 


i 548 
1 557 
; 566 
i 575 


430 
440 
450 
460 


i 428 
; 437 
: 446 
i 455 


308 
317 
326 
335 


188 
197 
206 
215 


68 
77 
86 
95 








2.100 
2.125 
2,150 
2.175 


2.125 
2,150 
2.175 
2.200 


260 
265 
269 
274 


140 
145 
149 
154 


20 
25 
29 
34 


4,550 
4,600 
4,650 
4,700 


4.600 
4.650 
4.700 
4.750 


734 
744 
754 
764 


602 
612 
622 
632 


i 584 
; 593 
• 602 
; 6U 


470 
480 
490 
500 


: 464 
; 473 
; 482 
: 491 


344 
353 
362 
371 


224 
233 
242 
251 


104 
113 
122 
131 




2 

11 


2,200 
2.225 
2,250 
2.275 


2,225 
2.250 
2,275 
2.300 


278 
283 
287 
292 


158 
163 
167 
172 


38 
43 
47 
52 


4,750 
4,800 
4,850 
4,900 


4.800 
4.850 
4.900 
4.950 


773 
783 
793 
803 


641 
651 
661 
671 


; 620 
i 629 
■ 638 
; 647 


509 
519 
529 
539 


; 500 
i 509 
1 518 
i 527 


380 
389 
398 
407 


260 
269 

278 
287 


140 
149 
158 
167 


20 
29 
38 
47 


2,300 


2,325 


296 


176 


56 


4,950 


5,000 


813 


681 


i 656 


549 


■ 530 


416 


296 


176 


56 












o.s. 


OOV£«NM£HT P» 


NTIKCOfF 


CE c57- 


-16— 771frl 


-1 













176 



FACSIMILES OF TAX RETURNS, 1962 



1040 



U.S. INDIVIDUAL INCOME TAX RETURN-1962 

or taxable yeai beginning .. . _ 1962. ending 1 



I Your Social Security Numbor 



First name and initial 



Last name 
(II joint return ol husband and wife, use first names and middle initials of both) 
(Number and sireel or rural route) 



(City. town, or post office) 



(Postal zone number) 



Wife's Social Security Number 



Cheek ID Single,- □ Unmarried "Head of Household",- □ Surviving widow or widower with dependent child,- □ Married filing ioinf return (even if 
■"*• /only one had income); D Married filing separate return — If wife or husband also filing separately, give name - - 

IHCOME — (If joint return, include all income of both husband and wife) 

1. Wages, salaries, tips, elc , and excess of allowances over business expenses. 

Employer's name Where employed (city and state) 



i 2. 

== 3 

CM ^- 

i 4- 

<" 5a 

I b 

t c. 

* 6. 
ffl 

>. 7. 



If either you or your wife worked for more than one employer, see page 4 of instructions 

Totals *■ 

"Sick pay" if included in line 1 (attacfi required statement) • 

Subtract line 3 from total wages 

Dividends (Schedule B) 

Interest (Scfiedule B or other list) 

Rents, royalties, pensions, etc. (Schedule B) 

Business income (Schedule C) 

Sale or exchange of property (Schedule D) 

Farm income (Schedule F) 

Total (add lines 4 through 8) " - 

^ — FIGURE YOUR TAX BY USING EITHER 10 OR 11 ^ 




10. Tax Table 
If line 9 is less than $5,000 and you do 
not itemize deductions — 

Complete page 2 exemption schedule. 
Copy total exemptions here 

Find your tax in fable on page 10 of 
instructions 

Do not use lines 11 a, b, c, or d. 

Enter tax on line 12. 



11. Tax Rate Scheduir 

a. If you itemize deductions, enter total from page 2 ] 

It line 9 is $5,000 or more and you do not itemize, enter 10% ofl 
line 9 but not more than $1,000 ($500 if married and filing sep-f 
arate return). J 

b. Subtract line 11a from line 9 

C. Copy total exemptions from page 2 here , multiply by $600 

d. Subtract line 11c from line lib e 

Figure your tax on this amount by using tax rate schedule on page 
9 of instructions and enter tax on line 12. 



12. 

13. 

• 14. 
o 

I 15a 

m b 



16 

17. 
18. 
19. 



Tax (from either tax table or tax rote schedule) 

Self-employment tax (Schedule C-3 or F-1 ) 

Total (add lines 12 and 13) 

PAYMENTS AND CREDITS 

Tax withheld (line 2, col. (b) above). Attach Forms W-2 

.Payments and credits on 1962 Declaration of Estimated Tax o 

Dividends received credit 

I. Retirement income credit 

.Investment credit (Form 3468) 

Other credits (Specify — see page 5 of instructions) 

I Total (add lines a, b, c, d, e, and f) | 

District Director's office where amount on line 15b was paid .. 

TAX DUE OR REFUND 

If payments and credits (line 1 5g) are less than tax (line 1 4), enter Balance Due here . . . . 

Pay in lull with this return to "Internal Revenue Service." File with your District Director. 

If payments and credits (line 15g) are larger than tax (line 14), enter Overpayment here . 

Amount of line 17 you wish credited lo 1963 Estimated Tax 

Subtract line 18 from line 17. Apply this balance to: D U.S. Savings Bonds,- or D Refund 



-50— 10— 77172-1 



if List your exemptions and sign on other side 



FACSIMILES OF TAX RETURNS. 1962 



177 



FORM 1040—1962 



SCHEDULE A.— EXEMPTIONS (See page 6 of instructions) 



Page 2 



1. Exemptions for yourself — and wife (only if all her income is included in this return, or she had no Income) 

Check (a) Regular $600 exemption □ Yourself D Wife Enter number 

which I i^) Additional $600 exemption if 65 or over at end of 1962 O Yourself CD Wife ( chccKed 

apply. I (c) Additional $600 exemption if blind at end of 1962 D Yourself D'Wife j >■ 



2, Exemptions for your children and other dependents (list below) 

If an exemption is based on a multiple-support agreement of o group of persons, attach the declarations described on page 6 of instructions. 



NAME 
Enter figure 1 in the last column lo rigtit 

for each name listed 
(Give address if different from yours) 


Relationstiip 


ANSWER ONLY EOR DEPENDENTS OTHER THAN YOUR CHILDREN 
te ']1V:,.Z' "V^ZltilSo''' *™"d2^eren't";Tur ^S^SE'R^^S^^i-i?^ 












$ ,.. 


$ 


_^ 












^ 














_^ 














^ 














_^ 














^ 






_ 








_> 



3. Total exemptions (lines 1 and 2 above). (Enter here and on line 10 or 11c, page 1) 



ITEMIZED DEDUCTIONS— If you do not use tax table or standard deduction 

If husband and wife mot legally separated i file separate returns and one itemizes deductions, the other must also itemize 
If necessary., write more than one item on a line or attach additional sheets. Put name, address and Social Security number on all allochmenls 



Contributions 
(If other than 
money, submit 
description of 
property, including 
cost or other basis, 
date of acquisition 
and method of 
valuation) 



Interest expense 



Total paid (not to exceed 20% of line 9, page 1, except as described on page 7 of instructions) 



Total interest 



Medical and 
dental expense 



Real estate taxes State income taxes — 

Stole and local soles taxes - Other taxes (specify) - 



Total taxes • 



NOTE: If you or your wife are 65 or over, or if either has a dependent parent 
65 or over, see page 8 of Instructions for possible larger deduction. 



1. Total cost oF medicine and drugs 

,c , .. , . I 2. Enter 1 % of line 9, page 1 . 
(Submit Itemized i 

Do not enter ! 3. Subtract line 2 from line 1 . . 



any expense 4. Othermedicol, dental expenses (Include hospital insurance premiums)" 

compensaled by ti/mi 

insurance or 5. iotal (add lines 3 and 4) 



otherwise) 



Other deductions 
(See page 8 of 
instructions) 



6. Enter 3% of line 9, page 1 (see note above) 

7. Subtract line 6 from line 5; see page 8 of in structions for maximum limitation 



Total 



Total deductions (Enter here and on line 11a, page 1) 



frrnfiNT ^"^ ^°" receive an expense allowance or reimbursement, or charge expenses to your employer^ . I I Yes I I No 1 See page 4, 

INFORMATION If "Yes," did you submit itemized accounting of all Such expenses to your employer? CI Yes [II No ) instructions. 



Did you file a return lost yeor? Lj Yes Ll; No. If name or address on last year's returns was different from this year, enter name and address used last year. 

I declare under penalties of perjury that I hove examined this return (including accompanying schedules and statements) and lo the best o' my knowledge and 
belief it is true, correct, and complete. If prepared by a person other than taxpayer, his declaration is based on all information of which he has any knowledge. 



(Taxpayer's signature and date) (If joint return, BOTH HUSBAND AND WIFE MUST SIGN) 

(Signature of preparer other than taxpayer) gpo c59 — 16— 77172-1 (Address) 



(Wife's signature and date) 



178 



FACSIMILES OF TAX RETURNS, 1962 



SCHEDULE B 
(Form 1040) 

U.S. Treasury Department 
Internal Revenue Service 


SUPPLEMENTAL SCHEDULE OF INCOME AND CREDITS 

(From all sources other than wages, business, farming, and sale or exchange of property) 

Attach this schedule to your income tax return, Form 1040 


1962 


Name and address as shown on pase 1 of Form 1040 


Your Social Security Number 



p^ff |_ DIVIDEND INCOME (income from savings (building) and loan associations and credit unions sliould be entered as interest in Part II) 



1. Name of qualifying corporation declaring dividend: 

(Indicate by (H), (W), (J) whether stock is held by husoand. wife, or jointly) 



2. Total • 

3. Exclusion of $50 (If both fiusband and wife received dividends, each is entitled to exclude not more than $50 
of his (her) own dividends) • 

4. Subtract line 3 from line 2. Enter here and on line 1 , Part VII 

5. Name of nonqualifying corporation declaring dividend: 



6. Total (add lines 4 and 5). Enter here and on line 5a, page 1, Form 1040. 



Part 11. INTEREST INCOME (This includes interest credited to your account) 

Note: A separate attachment may be used if interest is the only income to be reported on this schedule. 



1. Name of payer (more than one entry may be made on a line). 



2. Total — Enter here and on line 5b, page 1 , Form 1 040 • 

Part III— PENSION AND ANNUITY INCOME 

A.— General Rule (If you did not contribute to the cost of the pension or annuity, enter the total amount received on line 6 and omit lines 1 through 5. ) 



1. Investment in contract 

2. Expected return 

3. Percentage of income to be excluded 
(line 1 divided by line 2) 



4. Amount received this year • 

5. Amount excludable (line 4 multi- 
plied by line 3) 

6. Taxable portion (excess of line 4 over line 5) . 



B. — Special Rule — Where your employer has contributed part ot the cost and your own contribution will be recovered tax-lree within 3 years. 
If your cost was fully recovered in prior years, enter the total amount received in line 5 and omit lines 1 through 4. 



1. Cost of annuity (amounts you paid) . 

2. Cost received tax-free in past years ■ 

3. Remainder of cost (line 1 less line 2) 



4. Amount received this year 



5. Taxable portion (excess, if any, of line 4 over line 3) 



Part IV.— RENT AND ROYALTY INCOME 



1. Kind and location of property 
(Identify whether rent or royalty) 



2. Total amount of rents 3. Depreciation (explain 
or royalties in Part VI) or depletion 



1 . Totals • 

2. Net income (or loss) from rents and royalties (column 2 less sum of columns 3, 4, and 5) ■ 



5. Other expenses 
(attach itemized list) 



Part v.— OTHER INCOME OR LOSSES 



1 . Partnerships (name, address, and nature of income)- 



2. Estates or trusts (name and oddress)- 

3. Other sources (state nature) - 



TOTAL INCOME (or loss) from Ports ill, IV, and V (Enter here and on line 5c, page 1 , of Form 1040) . 



059— le — 77167-1 



FACSIMILES OF TAX RETURNS, 1962 



Schedule B (Form 1040) 1962 



179 

Page 2 



Part VI.— EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN PART IV— This schedule is designed for taxpayers using the 
new guideline lives and administrative procedure described in Revenue Procedure 62-21 as well as for those taxpayers who wish to continue using previously 
authorized procedures. Where double headings appear use the first heading for the new procedure and the second heading for the older procedure. 



1. Group and euideline class 


2. Cost or other basis 
at beginning of year 


3. Asset additions 
in year (amount) 

OR 

Date acquired 


4. Asset retirements 

in year (amount) 
(applicable only to 
Rev. Proc. 62-21) 


5. Depreciation 

allowed or allowable 

in prior years 


6. Method 

of 
computing 
depreciation 


7. Class life 

- OR - 

Rate (%) 

or lite 




Description ol property 


Cost or other basis 


this year 


































































Total cost o r other basis ... . 




' 
















3. Cost or Other basis of Fully depreciated assets still in use 






1 




1 





Part VII.— DIVIDENDS RECEIVED CREDIT 



1 . Amount of dividends on line 4, Part I 

2. Tentative credit (4% of line 1) 

3. Tax shown on line 12, page 1 of Form 1040, less amount, if any, of credit for foreign taxes. 

4. 4% of taxable income (see below) 



Taxable 
Income 
Means 



5. Credit. 



(a) If tax is computed, the amount shown on line 11d, page 1 of Form 1040. 

(b) If Tax Table is used, the amount shown on line 9, page 1 of Form 1040, less 10% thereof, 
and less the deduction for exemptions ($600 multiplied by the number of exemptions claimed on 
line 3, Schedule A, page 2 of Form 1040). 

Enter here and on line 1 5(c), Form 1040, the smallest of the amounts on line 2, 3, or 4, above 



Part VIII.— RETIREMENT INCOME CREDIT 



If separate return, use column B only. If joint return, use column A for wile and column B for husband ► 

Did you receive earned income in excess of $6(X) in each of any 10 calendar years before the taxable year 
1962? (Widows or widowers see instructions, page B-4) 


A 


B 


DYes DNo 


DYes DNo 


If answer above is "Yes" in either column, furnish all information below in that column. 
1 . Retirement income for taxable year: 

(a) For taxpayers under 65 years of age: 

Enter only income received from pensions and annuities under public retirement 
systems (e.g. Fed., State Govts., etc.) and included in line 9, page 1 , of Form 1 040 . • 






(b) For taxpayers 65 years of age or older: 

Enter total of pensions and annuities, interest, and dividends included in line 9, page 
1 of Form 1040, and gross rents included in column 2, Part IV of this schedule . • . . • 












1,524; 00 


1,524 i 00 


3. Deduct: 

(a) Amounts received in taxable year as pensions or annuities under the Social Security 
Act, the Railroad Retirement Acts, and certain other exclusions from gross income ■• 






(b) Earned income received in taxable year (Does not apply to persons 72 years of age or ovter): 

(1 ) Taxpayers under 62 years of age, enter amount in excess of $900 • 

(2) Taxpayers" 62 or over but under 72, enter amount determined as follows: 










if over $1 ,200 but not over $1 ,700, enter '/z of amount over $1 ,200,- or I • 
if over $1 7(X) enter excess over $1 450 1 








4 Total of lines 3(a) and 3(b) 
















7. Tentative credit (20% of line 6) 


: 1 : 






LIMITATIOtNl ON RETIREMENT INCOME CREDIT 




10. Less: Total of any amounts shown on lines 15(c) and 15(f), page 1, Form 1040. 










1 2. Credit. Enter here and on line 1 5(d), Foim 1 040, the amount on line 8 or line 1 1 , whichever is smaller . . . 





GOVERNMENT 



180 



FACSIMILES OF TAX RETURNS, 1%2 

HELPFUL INFORMATION ON 



How To Prepare Your 

INCOME TAX RETURN 



REVENUE 



on Form 1040 for 1962 




JQQTH US62-m2) 

AMNIVERSARY 



^ 



^i^^^^^^it^^^i^i^ 



A Personal Letter to Taxpayers: 

Last year the American public paid in taxes some $99.4 
billion. Impressive is the fact that 97% of these receipts 
came through self-assessment on tax returns and through 
withholding. 

No other nation in the world has ever equaled this 
record. It is a tribute to our people, their traditions of 
honesty, and their high sense of responsibility in support- 
ing our democratic form of government. 

The cost of raising this revenue is less than 1/2^ for 
each dollar collected. We hope this low cost will be 
reduced even further through the assistance of the new 
electronic computer system — ADP (automatic data proc- 
essing) — which the Internal Revenue Service is now 
installing. 

You will simplify this program, and make it more 
efficient and economical, by doing these things: 

■5^ Be sure to give your Social Security number. 

-k Fill in your return as completely as possible. 

-k Write or print legibly. 

1^ Be accurate. 

"A' File early. 

The new machines will help us spot errors and omis- 
sions, and will strengthen our enforcement programs — 
ainied at making sure everyone pays his proper share of 
tax, and no more. 



INSTRUCTIONS FORM 1040 (1962) 059-10-77173-1 



Therefore, I urge you to be careful and to make your 
returns as complete and accurate as possible. For the 
vast majority of taxpayers, this has always been the rule. 
For the others, now is the time to get aboard. 

As a matter of routine, Internal Revenue auditors will, 
as before, check records and examine millions of selected 
returns. We will not only be looking for possible errors 
against the Government, but also for errors you may have 
made against yourself. Last year, for example, there was 
a saving to taxpayers of almost $70 million, resulting 
from our discovery of mathematical errors in over SHX),000 
returns. 

Of course, machines cannot take the place of human 
judgment. Regardless of the miracles of automation, our 
type of tax system cannot operate efiectively without the 
human element. Courtesy and a fair and reasonable 
attitude — on the part of both tax administrator and tax- 
payer — are other essential ingredients if this system is to 
continue to serve the Nation well. 

If you do not understand or agree with any questioned 
item, you are entitled to have it fully explained and, in 
addition, you have the right to appeal decisions you believe 
are not correct. Also, if you have questions which are 
not answered in the enclosed instructions, you may tele- 
phone or visit the nearest Internal Revenue office. We 
will be glad to help you. 

Commissioner of Internal Revenue 



FACSIMILES OF TAX RETURNS, 1%2 



181 



HOW TO USE FORM 1040 
(To be filed not later than April 



15) 



In order to make the preparation of 
tax returns easier for the great majority 
of taxpayers, there are now only two 
return forms to choose from, Form 1040 
and Ccird form, Form 1040A. Form 
1040 is limited to a single sheet. Sup- 
porting schedules may be attached ac- 
cording to the individual needs of each 
taxpayer. 

If your income was entirely from sal- 
ary and wages, you will need only the 
2-page Form 1040. You can use it 
whether you take the standard deduc- 
tion or itemize deductions. 



If, in addition to salary and wages, 
you have only interest income, you may 
also file the 2-page Form 1040. In 
such case merely attach a list itemizing 
your interest income and enter the total 
amount on line 5b, page 1, of your re- 
turn. You may use Schedule B (Form 
1040) for this purpose if you wish. 

If you have income from sources 
other than salary, wages, and interest, 
you may need to complete and attach 
one or more of the following forms : 



WAGE EARNERS WITH LESS THAN $10,000 INCOME 

You can use a simpler return (Form 1040A), printed on a punchcard, if: 

1. Your income was less than $10,000, AND 

2. It consisted of wages reported on withholding statements (Forms W-2) 
and not more than $200 total of other wages, interest, and dividends, AND 

3. You wish to take the standard deduction (about 10 percent of your 
income) instead of itemizing deductions. 

The special instruction sheet for the form provides further information 
about its use. One of the special features is that if your income is less than 
$5,000, you can choose to have the Internal Revenue Service figure your tax 
for you. You can obtain these forms from most banks and some post offices. 



Schedule B for income from divi- 
dends, interest, rents, royalties, 
pensions, annuities, partnerships, 
estates, trusts, etc.; 

Schedule C for income from a per- 
sonally owned business; 

Schedule D for income from the sale 
or exchange of property; and 

Schedule F for income from farming. 

These schedules may be obtained 
from any Internal Revenue Service 
office. 



DIVIDENDS? INTEREST? RENTS? 
Be sure to report aH of your income from 
ah sources. Some taxpayers, while 
reporting income from wages and other 
principal sources, tend to forget to report 
lesser amounts from sources such as 
interest on savings accounts and other 
interest, dividends, and rents, particularly 
when such amounts are credited to their 
accounts rather than received in cash. 

Beginning January 1, 1963, payers of 
S10 or more of dividends or interest in a 
year are required to report the amount to 
both you and the Internal Revenue Service. 



IMPORTANCE OF SOCIAL SECURITY NUMBERS 



The Internal Revenue Service is 
gradually installing modern high-speed 
electronic equipment which will im- 
prove and strengthen tax administra- 
tion. 

Because many names are alike, it is 
necessary to use numbers, in addition 
to names, to identify taxpayers in our 
electronic and other records. Since 
130 million Americans already have 
Social Security numbers, it was decided 
to use these numbers for tax purposes 



to save them the inconvenience of ob- 
taining other numbers. Most taxpay- 
ers have been putting these numbers on 
their tax returns for many years, and 
will need only to continue this practice. 
The law now requires that this num- 
ber be placed on your tax return and 
supporting documents and statements. 
In addition, persons who pay you wages, 
interest, and other types of income will 
have to include your account number on 
information returns to be filed with 



the Internal Revenue Service. Many 
payers, therefore, will soon ask for 
your number, if they have not already 
done so. 

If you do not have a Social Security 
number, ask the nearest Internal Reve- 
nue Office for application Form 3227. 

If you have previously obtained a 
Social Security number, but have no 
record of it, you should contact the 
nearest Social Security Administration 
office. 



LOCATIONS OF DISTRICT DIRECTORS' OFFICES 



Following is o list of the District Directors' offices. 
If there is more than one District Director's office in 
your State and you are not sure which one to use, 
consult your local post office. 

ALABAMA— Birmingham 3, Alo. 

ALASKA— Anchorage, Alaska. 

ARIZONA— Phoenix 25, Ariz. 

ARKANSAS— Little Rock, Ark. 

CALIFORNIA— Los Angeles 12, Calif.; San Francisco 

2, Calif. 
COLORADO — Denver 2, Colo. 
CONNECTICUT— Hartford 6, Conn. 
DELAWARE— Wilmington 1, Del. 
DISTRICT OF COLUMBIA — BalKmore 2, Md. 
FLORIDA— Jacksonville 2, Fla. 
GEORGIA — Atlanta 3, Go. 
HAWAII— Honolulu 13, Hawaii 
IDAHO— Boise, Idaho 

ILLINOIS^Chicago 1, III.; Springfield, III. 
INDIANA — Indianapolis 4, Ind. 
IOWA— Des Moines 9, Iowa. 
KANSAS — Wichita 2, Kans. 
KENTUCKY— Louisville 2, Ky. 



LOUISIANA- New Orleans 12, la. 

MAINE— Augusta, Maine. 

MARYLAND — Baltimore 2, Md. 

MASSACHUSETTS— Boston 15, Mass. 

MICHIGAN— Detroit 31 , Mich. 

MINNESOTA— St. Paul 1, Minn. 

MISSISSIPPI— Jackson, Miss. 

MISSOURI— St. Louis 1, Mo.; Kansas City 6, Mo. 

MONTANA — Helena, Mont. 

NEBRASKA — Omaha 2, Nebr. 

NEVADA — Reno, Nev. 

NEW HAMPSHIRE — Portsmouth, N.H. 

NEW JERSEY — Newark 2, N.J.; Camden 2, N.J. 

NEW MEXICO — Albuquerque, N. Mex. 

NEW YORK— Brooklyn 1, N.Y.; 484 Lexington Avenue, 

New York 17, N.Y.; Albany 10, N.Y.; Syracuse 2, 

N.Y.; Buffalo 2, N.Y. 
NORTH CAROLINA— Greensboro, N.C. 
NORTH DAKOTA— Fargo, N. Dak. 
OHIO— Cleveland 13, Ohio; Cincinnati 2, Ohio. 
OKLAHOMA— Oklahoma City 2, Okla. 
OREGON — Portland 12, Oreg. 
PANAMA CANAL ZONE — Director of International 

Operations, Internal Revenue Service, Washington 

25, DC. 



PENNSYLVANIA — Philadelphia 7, Pa.; Scranton 14, Pa.; 
Pittsburgh 30, Po. 

PUERTO RICO — Director of International Operations, In- 
ternal Revenue Service, 1105 Fernandez Juncos Ave- 
nue, Sanlurce, P.R. 

RHODE ISLAND — Providence 7, R.I. 

SOUTH CAROLINA— Columbia, S.C. 

SOUTH DAKOTA — Aberdeen, S. Dak. 

TENNESSEE— Nashville 3, Tenn. 

TEXAS— Austin 1, Tex.; Dallas 1, Tex. 

UTAH— Salt Lake City 1, Utah. 

VERMONT— Burlington, Vt. 

VIRGINIA— Richmond 19, Va. 

VIRGIN ISLANDS — Permanent residents: Department of 
Finance, Tax Department, Charlotte Amalie, St. 
Thomas, V.I.; Others; Director of International Oper- 
otions. Internal Revenue Service, 1105 Fernandez 
Juncos Avenue, Santurce, P.R. 

WASHINGTON — Tacomo 2, Wash. 

WEST VIRGINIA— Parkersburg, W. Va. 

WISCONSIN — Milwaukee 2, Wis. 

WYOMING — Cheyenne, Wyo. 

FOREIGN ADDRESSES — Taxpayers with legal residence 
in Foreign Countries — Director of International Oper- 
ations, Internal Revenue Service, Washington 25, D.C. 
(j69— 16— 77173-1 



182 



FACSIMILES OF TAX RETURNS, 1962 



WHO MUST FILE A TAX RETURN 

Every citizen or resident of the United 
States — whether an adult or minor — 
who had $600 or more income in 1962 
must file; if 65 or over, $1,200 or more. 

A person with income of less than 
these amounts should file a return to get 
a refund if tax was withheld. A married 
person with income less than her (his) 
own personal exemptions should file 
a joint return with husband or wife to 
get the smaller tax or larger refund for 
the couple. 

Earned Income From Sources Outside the 

United States. — To determine whether an 
income tax return must be filed, income 
must be computed without regard to the 
exclusion provided for income earned 
from sources outside the United States. 
If you received such income and believe 
it is excludable for income tax purposes, 
complete Form 2555 and attach it to 
your Form 1040. 
MEMBERS OF ARMED FORCES 

Members of Armed Forces should give 
their name, social security number, per- 
manent home address and service serial 
number. 



GENERAL INSTRUCTIONS 

WHEN AND WHERE TO FILE 

Please file as early as possible. You 
must file not later than April 15. Mail 
your return to the "District Director of 
Internal Revenue" for the district in 
which you live. U.S. citizens abroad 
who have no legal residence or place of 
business in the United States should file 
with Director of International Opera- 
tions, Internal Revenue Service, Wash- 
ington 25, D.C. See the address list on 
page 2 of these instructions. 

WHERE TO GET FORMS 

As far as practical, the forms are 
mailed directly to taxpayers. Additional 
forms may be obtained from any Inter- 
nal Revenue Service office, and also at 
most banks and some post offices. 

HOW TO PAY 

The balance of tax shown to be due 
on line 16, page 1, of your return on 
Form 1040 must be paid in full with 
your return if it amounts to $1.00 or 
more. Checks or money orders should 
be made payable to "Internal Revenue 
Service." 



ROUNDING OFF TO WHOLE-DOLLAR 
AMOUNTS 

If you wish, the money items on your 
return and accompanying schedules re- 
quired 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. 

ATTACHMENTS TO THE RETURN 

Attachments may be used in the prep- 
aration of your return and supplemental 
schedules, provided they contain all of 
the required information and that sum- 
marized totals of the items shown in the 
attachments are entered on the return 
and schedules. This does not apply to 
Schedules C-3 and F-1 (self-employ- 
ment tax) which the Service separates 
from the returns and transmits to the 
Social Security Administration for the 
recording of information in benefit ac- 
counts, or to any tax computation por- 
tion of a form or schedule. 



MARRIED PERSONS—JOINT OR SEPARATE RETURNS 



Advantages of a Joint Return. — Gener- 
ally it is advantageous for a married 
couple to file a joint return. There are 
benefits in figuring the tax on a joint 
return which often result in a lower tax 
than would result from separate returns. 

How To Prepare a Joint Return. — You 

must include all income and deductions 
of both husband and wife. In the re- 
turn heading, list both names including 
middle initials (for example: "John F. 
and Mary L. Doe"). Both must sign 
the return. 

A husband and wife may file a joint 
return even though one of them had no 
income. A joint return may not be 
filed if either husband or wife was a 
nonresident alien at any time during 
the taxable year. A nonresident alien 
should file on Form 104oB, 1040NB or 
1040NB-a, whichever is appropriate. 

When a joint return is filed, the cou- 

Unmarried Head of Household. — The law 

provides a special tax rate for any indi- 
vidual who qualifies as a "Head of 
Household." Only the following per- 
sons may qualify: (a) one who is un- 
married (or legally separated) at the 
end of the taxable year, or (b) one who 
is married at the end of the year to an 
individual who was a noru-esident alien 
at any time during the taxable year. 
In addition, you must have furnished 
over half of the cost of maintaining as 



pie assumes full legal responsibility for 
the entire tax, and if one fails to pay, 
the other must pay it. 

How To Prepare a Separate Return. — If 

you file separate returns each must re- 
port his or her separate income and de- 
ductions. When filing separate returns, 
the husband and wife should each claim 
the allowable deductions paid with his 
or her own funds. (In community 
property States, deductions resulting 
from payments made out of funds be- 
longing jointly to husband and wife may 
be divided half and half.) If one 
itemizes and claims actual deductions, 
then both must do so. 

Changes in Marital Status.— If you are 

married at the end of your taxable 
year, you are considered married for the 
entire year. If you ai'e divorced or legal- 
ly separated on or before the end of your 

SPECIAL COMPUTATIONS 

your home a household which during 
the entire year, except for temporary 
absence, was occupied as the principal 
place of abode and as a member of such 
household by (1) any related person 
other than your child or stepchild 
(see those listed under "Line 2," para- 
graph 5 on page 6 of these instructions) 
for whom you are entitled to a deduc- 
tion for an exemption, unless the de- 
duction arises from a multiple support 
agreement, (2) your unmarried child. 



year, you are considered single for the 
entire year. 

If your wife or husband died during 
the year, you are considered married 
for the entire year. Generally a joint 
return may be filed for the year pro- 
vided you have not remarried before 
the end of the year. If an executor or 
administrator has been appointed, the 
return should be filed by both you and 
the executor or administrator. If no 
executor or administrator has been ap- 
pointed, you may file the return. The 
fact that you are filing as a surviving 
husband or wife should be indicated on 
the return. If a refund is due, Form 
1310, Statement of Claimant to Refund 
Due on Behalf of Deceased Taxpayer, 
must accompany the return. You may 
also be entitled to the benefits of a joint 
return for the two years following 
the death of your husband or wife. 
See page 4. 

grandchild, or stepchild, even though 
such child is not a dependent or (3) your 
married child, grandchild, or stepchild 
for whom you are entitled to a deduction 
for an exemption, unless the deduction 
arises from a multiple support agree- 
ment. 

If you qualify under (a) or (b) 
above, you are entitled to the special 
tax rate if you pay more than half the 
cost of maintaining a household (not 
necessarily your home) which is the 

t59— 10— 77173-1 



FACSIMILES OF TAX RETURNS, 1962 



183 



principal place of abode of your father pute her tax by including only her in- 
or mother who qualifies as your 
dependent. 
Head of household rates are on page 9. 
Widows and Widowers. — Under certain 

conditions a taxpayer whose husband 
(or wife) has ..died during either of her 
two preceding taxable years may com- 



(a) must not have remarried, (b) must 
maintain as her home a household 
which is the principal place of abode of 
her child or stepchild for whom she is 
entitled to a deduction for an exemp- 
tion, and (c) must have been entitled 
to file a joint return with her husband 
(or wife) for the year of death. 



come, exemptions, and deductions, but 
otherwise computing the tax as if a joint 
return had been filed. However, the 
exemption for the decedent may be 
claimed only for the year of death. 
The conditions are that the taxpayer 

HOW TO REPORT YOUR INCOME 

All kinds of income in whatever form specifically exempt must be included in Examples of income which must be 
received are subject to tax with specific your return, even though it may be off- reported on your income tax return and 
exemptions. All income which is not set by deductions. items that are exempt from tax follow : 

Examples of Income Which Must Be Reported 

Wages, salaries, bonuses, commissions, fees, Industrial, civil service and other pensions, Employer supplemental unemployment 

annuities, endowments. 
Rents and royalties from property, patents, 

copyrights. 
Profits from business or profession. 
Your share of partnership profits. 
Your share of estate or trust income. 
Examples of Income Which Should Not Be Reported 
Disability retirement payments and other Workmen's compensation, insurance, dam- Federal and State Social Security benefits, 
benefits paid by the Veterans Administra- ages, etc., for injury or sickness. Railroad Retirement Act benefits, 

tion. Interest on State and municipal bonds. Gifts, inheritances, bequests. 

Dividends on veterans' insurance. Life insurance proceeds upon death. 

INSTRUCTIONS FOR PAGE 1 OF FORM 1040 



tips, and gratuities. 
Dividends. 

Interest on bank deposits, bonds, notes. 
Interest on U.S. Savings bonds. . 
Profits from sales or exchanges of real estate, 

securities, or other property. 



benefits. 

Alimony, separate maintenance or support 
payments received from (and deductible 
by) your husband (or wife). For details 
see Miscellaneous, page 8. 



Line 1.— Wages, Salaries, Etc.— Report 

the full amount of your wages, salaries, 
fees, commissions, tips, bonuses, and 
otlaer payments for your personal serv- 
ices even though taxes and other 
amounts have been withheld by your 
employer. All income regardless of 
where earned must be reported on one 
Federal tax return. 

Payment in l\1ercliandise, etc. — If you are 

paid in whole or in part in merchandise, 
services, stock, or other things of value, 
you must determine the fair market 
value of such items and include it in 
your wages. 

Meals and Living Quarters.— Employees 

who, as a matter of choice, receive meals 
and lodging from their employers, 
whether or not designated wages, must 
include in income the fair market value 
of meals and lodging. 

However, if, for the convenience of 
your employer, your meals are furnished 
at your place of employment or you are 
required to accept lodging at your place 
of employment as a condition of your 
employment, the value of the meals or 
lodging is not to be reported. 

Two or More Employers.- If more than 

$150.00 of Social Security (F.I.C.A.) 
employee tax was withheld during 1962 
because either you or your wife received 
wages from more than one employer, 
the excess should be claimed as a credit 
against income tax. Enter any excess 
of Social Security tax withheld over 
$150.00 on line 1, column (b), the 
"Federal Income Tax Withheld" col- 
umn, and write "F.I.C.A. tax" in .the 
"Where Employed" column. If a joint 
return, do not add the Social Security 



tax withheld from both husband and 
wife to figure the excess over $150.00; 
compute the credit separately. 

Credit for Taxes Paid by Regulated Invest- 
ment Companies. — If you are entitled to a 
credit for taxes paid by a regulated in- 
vestment company on undistributed 
capital gains, enter the credit on line 
1, colimm (b), and write "Credit from 
regulated investment company" in the 
"Where Employed" column. To sub- 
stantiate the credit claimed attach Copy 
B of Form 2439 to page 1 of Form 1040 
in the same manner as Withholding 
Statements, Form W-2. 
EMPLOYEE BUSINESS EXPENSES 

Deductible Expenses. — You may deduct 

the following expenses from the 
amounts you are required to report on 
line 1, page 1, to the extent they are not 
paid by your employer. 

( 1 ) Travel and transportation. — You 
can deduct the costs of bus, taxi, plane, 
train, etc., fares or the cost of operating 
an automobile in connection with your 
duties as an employee. 

(2) Meals and lodging. — If you are 
temporarily away on business, at least 
overnight from the city, town, or other 
general area which constitutes your 
principal or regular business location, 
you can deduct meals and lodging in 
addition to the travel costs. 

(3) Outside salesmen. — If you are 
an "outside salesman," you may also 
deduct other expenses which are ordi- 
nary and necessary in performing your 
duties, such as business entertainment, 
stationery, and postage. An "outside 
salesman" is one who is engaged in full- 
time solicitation of business for his em- 
ployer away from the employer's place 



IMPORTANT NOTICE 

The Revenue Act of 1962 provides 
stricter rules, starting January 1, 1963, 
on deductions for travel, entertainment 
and similar expenses. All taxpayers hav- 
ing such expenses should maintain detailed 
records that will enable them to re- 
port accurately and substantiate these 
expenses. 



of business. It does not include a person 
whose principal activities consist of 
service and delivery as, for example, a 
milk driver-salesman. 

If you itemize deductions on page 2 
of your return, you may also deduct (un- 
der the heading "Other Deductions") 
business expenses, other than those de- 
scribed above. Examples of such ex- 
penses are professional and union 
dues, and the cost of tools, materials, 
etc., not paid for by your employer. 

Reporting Expenses. — After answering 

the questions on page 2 of Form 1040, 
report the expenses and employer pay- 
ments as fpllows: 

If your employer's payments equaled 
your business expenses no further entry 
is required on the form. If the pay- 
ments exceeded the expenses, the excess 
must be included in income on line 1, 
page 1, and identified as "Excess Reim- 
bursements." If the expenses exceeded 
the payments, the excess expenses may 
be deducted as explained above. You 
may use Form 2106 for this purpose. 

Additional Information. — If ( 1 ) you were 

required to and did submit an expense 
voucher or other accounting for your 



c59— 16— 77173-1 



184 



FACSIMILES OF TAX RETURNS, 1%2 



INSTRUCTIONS FOR PAGE 1 OF FORM 1040— Continued 



expenses to your employer, and (2) you 
are not claiming a deduction for busi- 
ness expenses, no additional information 
is required to be submitted with your 
return. You have made the equivalent 
of an accounting to your employer if 
you received an allowance not in excess 

Line 3. — You may exclude from in- 
come amounts received under a wage 



of $20 per diem in lieu of subsistence, 
or a mileage allowance not in excess of 
15 cents per mile. 

If you do not meet the two conditions 
indicated above you must submit the fol- 
lowing additional information with 
your return: (1) The total of all 

EXCLUSION FOR "SICK PAY" 

rate not to exceed $ 1 00 a week. In cases 

where these payments exceed a weekly 



amounts received from or charged to 
your employer for business expenses, 

(2) The amount of your business 
expenses broken dovwi into broad cate- 
gories, and 

(3) The number of days away from 
home on business. 

of such wages to be excluded. In addi- 
tion, attach Form 2440 or a statement 



continuation plan for the period during rate of $100, the exclusion is figured by showing your computation, and in 

which you were absent from work on ac- multiplying the amount received by 100 ->-"— "= •''-- =--■ =--■- -'" ->- 

count of personal injuries or sickness, and dividing the result by the weekly 

If both you and your employer contrib- rate of payment. 

ute to the plan, any benefits attrib- If your absence is due to sickness, you 

utable to your own contributions are cannot exclude the payments received 

excludable without limit, but there are for the first 7 calendar days of each 



certain limitations on the exclusion of 
the benefits attributable to your employ- 
er's contributions. In the case of such a 
contributory plan, it will be necessary 
for you to know the portion of any 
benefits attributable to your contribu- 
tions and the portion attributable to 
your employer's contributions. 

The employer-provided wage contin- 
uation payments can be excluded at a 



absence from work. However, if you 
were (a) hospitalized on account of 
sickness for at least one day at any time 
during the absence from work, or (b) 
injured, the exclusion applies from the 
first day of absence. 

If you received sick pay and it is in- 
cluded in your gross wages as shown on 
Form W-2, enter the gross wages on 
line 1, and enter on line 3 the amount 



Income other than from salaries and 
wages with one exception is to be re- 
ported by means of separate schedules. 

The exception is that if your only 
other income is from interest, the use 
of Schedule B is optional 



INCOME OTHER THAN SALARIES AND WAGES, LINES 5, 6, 7, AND 8 



dicating the period or periods of ab- 
sence, nature of sickness or injury, and 
whether hospitalized. 

Amounts received by an employee 
for a period of absence from work 
on account of pregnancy are not exclud- 
able as sick pay unless a written state- 
ment is furnished by a physician that the 
employee should remain at home be- 
cause of substantial danger of miscar- 
riage. However, a woman is considered 
to be "sick" for tax purposes from the 
beginning of labor and continues as 
long as she is absent from work on ac- 
count of being physically incapacitated 
as a result of childbirth or a miscarriage. 



The following separate schedules are to 
be used to report items of other income. 
Schedule B. — Dividends, Interest, 
Pensions, Annuities, Rents, Royalties, 
and other income or losses not required 
to be reported elsewhere. 



TAX— PAYMENTS AND CREDITS— BALANCE DUE OR REFUND 



Schedule C. — Profit (or Loss) From 
Business or Profession. 

Schedule D. — Gains and Losses From 
Sales or Exchanges of Property. 

Schedule F. — Schedule of Farm In- 
come and Exf>enses. 



Figuring Your Tax 

Line 1 0. — The Tax Table is provided 
by law and saves you the trouble of 
itemizing deductions and computing 
your tax. The table allows for an 
exemption of $600 for each person 
claimed as a dependent, and charitable 
contributions, interest, taxes, etc., ap- 
proximating 10 percent of your income. 

Line 11. — The tax rate schedules on 
page 9 are to be used to figure your tax. 
Be sure to use the right schedule. See 
pages 3 and 4 for special computations. 

Line 15.— Payments and Credits.— There 

are credits and payments that you may 
use to reduce your tax. They are: 

a. Income Tax Withheld which is 
reflected on the Forms W-2 which you 
receive from your employer. 

b. Estimated tax credits and pay- 
ments for 1962. 

c. Dividends received credit. — Part 

VII of separate Schedule B. 

d. Retirement income credit. — Part 

VIII separate Schedule B. 

e. Investment credit from Form 3468. 

f. Other credits. — If you itemize de- 
ductions on page 2 of the return you 
may receive credit for foreign income 
taxes (Form 1116), credit for partially 
tax-exempt interest, and tax paid at 
source on tax-free covenant bonds. 



Tax Due or Refund Under $1. — In order 

to facilitate the processing of collections 
and refunds, balances due of less than 
$1 need not be paid, and overpay- 
ments of less than $1 will be refunded 
only upon separate application to your 
District Director. 

Purcliase of U.S. Savings Bonds.— If you 

are entitled to a refund, you may apply 
it to the purchase of Series E United 
States Savings Bonds. If you check the 
appropriate box on line 19 of page 1, 
you will be issued as many bonds as your 
refund will buy in multiples of $18.75 
for each $25 face value bond, providing 
it does not leave a balance of less than 
$1 to be paid by check. For example, 
if your refund is $40 you will receive a 
$50 face value bond and a check for 
$2.50. Bonds will be issued in the name 
used in filing your return. If you file 
a joint return the bonds will be issued 
only to husband and wife as co-owners. 

Declarations of Estimated Tax. — For many 

taxpayers the withholding tax on wages 
is not sufficient to kegp them paid up 
on their income tax. In general, the 
law requires every citizen or resident of 
the United States to file a Declaration of 
Estimated Income Tax, Form 1040-ES, 
and to make quarterly payments in ad- 
vance of filing the annual income tax 
return if his total expected tax exceeds 
his withholding (if any) by $40 or more. 



Farmers and fishermen may postpone 
filing their 1963 declarations until 
January 15, 1964. A declaration must 
be filed if you: 

(a) can reasonably expect gross in- 
come exceeding — 

(1) $10,000 for a head of a house- 
hold or a widow or widower entitled to 
the special tax rates; 

(2) $5,000 for other single indi- 
viduals ; 

(3) $5,000 for a married individual 
not entitled to file a joint declaration; 

(4) $5,000 for a married individual 
entitled to file a joint declaration, and 
the combined income of both husband 
and wife can reasonably be expected to 
exceed $10,000; OR 

(b) can reasonably expect to re- 
ceive more than $200 from sources other 
than wages subject to withholding. 

Additional Charge for Underpayment of Esti- 
mated Tax. — Estimate your tax carefully. 
Avoid the difficulties of paying a large 
balance with your return. 

Furthermore, there is an additional 
charge imposed by law for underpay- 
ment of any installment of estimated 
tax. Details of this additional charge, 
and exceptions to it, are printed on 
Form 1040-ES and Form 2210. If you 
had an underpayment and believe one 
of the exceptions applies, attach a state- 
ment or Form 2210 to your return. 

c59— 16— 77173-1 



FACSIMILES OF TAX RETURNS, 1962 
INSTRUCTIONS FOR PAGE 2 OF FORM 1040 



185 



SCHEDULE A— Exemptions 
HOW TO CLAIM YOUR EXEMPTIONS 

You Are Allowed a Deduction of $600 for Each Exemption for Wliich You Qualify as Explained Below 



LINE 1.— EXEMPTIONS FOR YOU 
AND WIFE 

For You. — You, as the taxpayer, are al- 
ways entitled to at least one exemption. 
If, at the end of your taxable year, you 
were either blind or 65 or over, you get 
two exemptions. If you were both 
blind and 65 or over, you get three 
exemptions. Be sure to check the 
appropriate boxes. Age and blindness 
are determined as of December 3 1 , 1962. 
Your age is determined on the day be- 
fore your actual birthday and, thus, if 
your 65 th birthday was on January 1, 
1963, you get the additional exemption 
for age on your return for 1962. 

For Your Wife. — An exemption is al- 
lowed for your wife (or husband) if 
you and she are filing a joint return. 
If you file a separate return, you may 
claim her exemptions only if she had no 
income and did not receive more than 
lialf her support from another taxpayer. 
You are not entitled to an e.xemption 
for your wife on your return if she files 
a separate return for any reason (for 
example, to obtain a refund of tax with- 
held where her income is less than 
$600) . Otherwise, your wife's exemp- 
tions are like your own — one, if she was 
neither blind nor 65 or over; two, if she 
was either blind or 65 or over; three, if 
she was both blind and 65 or over. 

In Case of Death.— If your wife or hus- 
band died during 1962, the niunber of 
her or his exemptions is determined as 
of the date of death. 

Proof of Blindness.— If totally blind, 

a statement to that effect must be at- 
tached to the return. If partially 
blind, attach a statement from a quali- 
fied physician or a registered optometrist 
that (1) central visual acuity did not 
exceed 20/200 in the better eye with 
correcting lenses, or (2) that the widest 
diameter of the visual field subtends an 
angle no greater than 20°. 

LINE 2.— EXEMPTIONS FOR YOUR 
CHILDREN AND OTHER DEPENDENTS 

Each child, stepchild and other de- 
pendent claimed must meet all of the 
following tests: 

1. Income. — Received less than $600 
income (if the child was under 19 or 
was a student, this limitation does not 
apply), and 



2. Support. — Received more than half 
of his or her support from you (or from 
husband or wife if a joint return is filed) , 
(see definition below of support), and 

3. Married Dependents. — Did not file a 

joint return with her husband (or his 

wife), and 

4. Nationality. — Was either a citizen or 
resident of the United States or a resi- 
dent of Canada, Mexico, the Republic 
of Panama or the Canal Zone; or was 
an alien child adopted by and living 
with a United States citizen abroad. 

5. Relationship. — EnnER ( 1 ) for your 
entire taxable year had your home as his 
principal place of abode and was a 
member of your household; or (2) was 
related to you (or to husband or wife if 
a joint return is filed) in one of the fol- 
lowing ways: 

Child* Stepbrother Son-in-law 

Stepchild Stepsister Daughter-in-law 

Mother Stepmother The following if 

Father Stepfather related by blood: 

Grandparent Mother-in-law Uncle 

Brother Father-in-law Aunt 

Sister Brother-in-law Nephew 

Grandchild Sister-in-law Niece 



•Includes a child who is a member of your 
household if placed with you by an authorized 
placement agency for legal adoption. 

Definition of Support. — Support in- 
cludes food, shelter, clothing, medical 
and dental care, education, and the like. 
Generally, the amount of an item of 
support will be the amount of expense 
incurred by the one furnishing such 
item. If the item of support furnished 
by an individual is in the form of prop- 
erty or lodging, it will be necessary to 
measure the amount of such item of 
support in terms of its fair market value. 
In computing the amount of sup- 
port include amounts contributed by 
the dependent for his own support and 
also amounts ordinarily excludable from 
income (for example, social security 
benefits). 

In figuring whether you provide more 
than half of the support of a student, 
you may disregard amoimts received by 
him as scholarships. 

Definitio7i of Student. — The law de- 
fines a student as an individual who, 
during each of 5 calendar months dur- 



ing the year, is (a) a full-time student 
at an educational institution or (b) 
pursuing a full-time course of institu- 
tional on-farm training under the su- 
pervision of an accredited agent of an 
educational institution or of a State, or 
a political subdivision of a State. 

Returns for Children under 19 and Stu- 
dents. — If your dependent child is under 
19 or is a student and has income of 
$600 or over, he must file an income tax 
return, report the income, and claim his 
exemption. If you provide over half 
of your child's support and meet the 
other qualifications for claiming a de- 
pendent, you may also claim the exemp- 
tion on your return. 

Birth or Death of Dependent. — You can 

claim a full $600 exemption for a de- 
pendent who was bom or died during 
the year if the tests for claiming an 
exemption for such dependent are met 
for the part of the year during which he 
was alive. 

Exemptions for Individuals Supported by 
More Than One Taxpayer. — If several per- 
sons contributed toward the support of 
an individual during the taxable year, 
but none contributed over half of the 
support, they may designate one of their 
number to claim the exemption if: 

(a) They as a group have provided 
over half of the support of the indi- 
vidual; and 

(b) Each of them, had he contrib- 
uted over half of the support, would 
have been entitled to claim the indi- 
vidual as a dependent; and 

(c) The person claiming the exemp- 
tion for the individual contributed over 
10 percent of the support; and 

(d) Each other person in the group 
who contributed over 10 percent of the 
individual's support makes a declara- 
tion that he will not claim the individ- 
ual as a dependent for the year. The 
declarations must be filed with the re- 
turn of the person claiming the exemp- 
tion. Form 2120, Multiple Support 
Declaration, is available at any Internal 
Revenue Service office. 

CS9— 16— 77173-1 



in conducting research or education for 
the alleviation and cure of diseases such 
as tuberculosis, cancer, multiple sclerosis, 
muscular dystrophy, cerebral palsy, polio- 
myelitis, diabetes, cystic fibrosis, diseases 
of the heart, etc. 

You CANNOT Deduct Gifts To: 

Relatives, friends, other individuals 

Political organizations or candidates 

Social clubs 

Labor unions 

Chambers of commerce 

Propaganda organizations 

INTEREST 

If you itemize deductions, you can 
deduct interest you paid on your per- 
sonal debts, such as bank loans or home 
mortgages. Interest paid on business 
debts should be reported in the separate 
schedule in which your business income 
is reported. Do not deduct interest 
paid on money borrowed to buy tax- 
exempt securities or single-premium life Taxes paid by you for another person 



Do not deduct on page 2 any non- 
business Federal taxes, or any taxes paid 
in connection with a business or profes- 
sion which are deductible in Part IV of 
Schedule B, or Schedule C or F. 
You CAN Deduct: 
Personal property taxes 
Real estate taxes 
State income taxes 
State or local retail sales taxes 
.Auto license fees 
State capitation or poll taxes 
State gasoline taxes 
You CANNOT Deduct: 
Any Federal excise taxes on >'our personal 
expenditures, such as taxes on theater ad- 
missions, furs, jewelry, cosmetics, trans- 
portation, telephone, gasoline, etc. 
Federal social security taxes 
Hunting licenses, dog licenses 
Auto inspection fees 
Water taxes 



186 FACSIMILES OF TAX RETURNS, 1962 

INSTRUCTIONS FOR PAGE 2 OF FORM 1040- Continued 

ITEMIZED DEDUCTIONS— If you do nof use Tax Toble or Standard Deduction 

CONTRIBUTIONS 

If you itemize deductions, you can 
deduct gifts to religious, charitable, 
educational, scientific, or literary organ- 
izations, and organizations for the 
prevention of cruelty to children and 
animals, unless the organization is op- 
erated for personal profit, or conducts 
propaganda or otherwise attempts to 
influence legislation. You can deduct 
gifts to fraternal organizations if they 
are to be used for charitable, religious, 
etc., purposes. You can also deduct 
gifts to veterans' organizations, or to a 
governmental agency which will use the 
gifts for public purposes including civil 
defense. Civil defense volunteers may 
deduct unreimbursed expenses paid for 
gasoline and other expenses of partici- 
pation in official civil defense activities. 

A contribution may be made in money 
or property (not services). If in prop- 
erty, you must submit a statement con- 
taining a description of the property, 
the cost or other basis, date of acquisi- 
tion and method of valuation. 

For the contribution to be deductible, 
the recipient of the contribution must 
have been organized or created in the 
United States or its possessions, or under 
our law. The law does not allow deduc- 
tions for gifts to individuals, or to other 
types of organizations, however worthy. 

In general, the deduction for contri- 
butions may not exceed 20 percent of 
your income, line 9, page 1. However, 
you may increase this limitation to 30 
percent if the extra 10 percent consists 
of contributions made to churches, a 
convention or association of churches, 
tax-exempt educational institutions, tax- 
exempt hospitals, certain medical re- 
search organizations, or certain college 
or university endowment associations. 
Attach a schedule showing this compu- 
tation. 

While you can deduct gifts to the 
kind of organizations listed below, you 
cannot deduct other payments to them, 
for which you receive personal benefits. 

If you support a student in your home 
under a written agreement with a char- 
itable or educational institution, you 
may be entitled to deduct as a contri- 
bution a part or all of the amounts you 
expend to maintain such a student. 
Consult the nearest Internal Revenue 
Service office for details. 
You CAN Deduct Gifts To: 
Churches, including assessments 
Salvation Array, Red Cross 
United Funds and Community Chests 
Nonprofit schools and hospitals 
Veterans' organizations 
Boy Scouts, Girl Scouts, and other similar 

organizations 
Nonprofit organizations primarily engaged 



insurance. Interest paid on behalf of 
another person is not deductible unless 
you were legally liable to pay it. In 
figuring the interest paid on a mortgage 
on your home or on an installment con- 
tract for goods for your personal use, 
eliminate such items as carrying charges 
and insurance, which are not deductible, 
and taxes which may be deductible but 
which should be itemized separately. 

If interest charges are not stated 
separately on installment pinchases of 
personal property (such as automobiles, 
televisions, etc.), you may deduct an 
amount equal to 6 percent of the aver- 
age unpaid monthly balance. 
You CAN Deduct Interest On: 
Your personal note to a bank or an individual 
A mortgage on your home 
A life insurance loan, if you pay the interest 

in cash 
Delinquent taxes 

You CANNOT Deduct Interest On: 
Indebtedness of another person, when you are 
not legally liable for payment of the interest 
A gambling debt or other nonenforccable ob- 
ligation 
A life insurance loan, if interest is added to 
the loan and you report on the cash basis 

TAXES 

If you itemize deductions, you can 
deduct most non-Federal taxes paid by 
you. You can deduct state or local 
retail sales taxes if under the laws of 
the state they are imposed directly 
upon the consumer, or if they are im- 
posed on the retailer (or wholesaler in 
case of gasoline taxes) and tlie amount 
of the tax is separately stated by the 
retailer. In general, you cannot deduct 
taxes assessed for pavements or other 
local improvements, including front- 
foot benefits, which tend to increase the 
value of your property. Consult your 
Internal Revenue Service office for cir- 
cumstances under which local improve- 
ment taxes may be deducted. 



MEDICAL AND DENTAL EXPENSES 

If you itemize deductions, you can 
deduct, within the limits described be- 
low, the amount you paid during the 
year (not compensated by hospital, 
health or accident insurance) for med- 
ical or dental expenses for yourself, 
your wife, or any dependent who re- 
ceived over half of his support from you 
whether or not the dependent had $600 
or more income. List on the attach- 
ment the name and amount paid to 
each person or institution. 

You can deduct amounts paid for the 
prevention, cure, correction, or treat- 
ment of a physical or mental defect or 
illness. If you pay someone for both 
nursing and domestic duties, you can 
deduct only the nursing cost. 

You can deduct amounts paid for 
transportation primarily for and essen- 
tial to medical care, but not for any 
other travel expense even if it benefits 
your health. Meals and lodging while 
you are away from home receiving 
medical treatment may not be treated a<; 
medical expense unless they are part of 
a hospital bill or are included in the cost 
of care in a similar institution. 

Subject to the Limitations Set Forth Below, 
You CAN Deduct as Medical Expenses 
Payments To or For: 

Physicians, dentists, nurses, and hospitals 

Drugs or medicines 

Transportation necessary to get medical care 

Eyeglasses, artificial teeth, medical or surgi- 
cal appliances, braces, etc. 

X-ray examinations or treatment 

Premiums on hospital or medical insurance 

You CANNOT Deduct Payments For: 
Funeral expenses and cemetery plot 
Illegal operations or drugs 
Travel ordered or suggested by your doctor 

for rest or change 
Premiums on life insurance 
Cosmetics 

c59— 16— 77173-1 



FACSIMILES OF TAX RETURNS, 1%2 



187 



8 



INSTRUCTIONS FOR PAGE 2 OF FORM 1040— Continued 



FIGURING THE DEDUCTION 

(A) General Rule: 

( 1 ) Medical and dental expenses. — 
You can deduct that portion of your 
medical and dental expenses which ex- 
ceed 3 percent of line 9, page 1, of 
Form 1040 and which were paid for: 
(a) the taxpayer, wife, dependent par- 
ent (s) , all of whom were under 65 years 
of age, and (b) all other dependents 
regardless of age. 

(2) Medicine and drugs. — The total 
amount paid for medicine and drugs for 
the persons listed above must be re- 
duced by 1 percent of line 9, page 1, 
Form 1040, regardless of age. 

(B) Special Rule For Certain Persons 
65 or over: 

The 3 percent reduction does not ap- 
ply to medical and dental expenses paid 
by a taxpayer or his wife for: 

(a) Himself and his wife if EITHER 
is 65 years of age or over; 

(b) A dependent who is 65 or over 
and who is the mother or father of the 
taxpayer or his wife. 

If you wish, you may obtain Form 
2948 from any Internal Revenue Serv- 
ice office to assist you. 

Limitations. — The deduction for med- 
ical and dental expenses may not ex- 
ceed $5,000 multiplied by the number 
of exemptions claimed on the return 
(other than the exemptions for age and 
blindness). In addition, there is a 
maximum limitation as follows: 

(a) $10,000 if the taxpayer is single 
and not a head of household or a widow 
or widower entitled to the special tax 
computation; 

(b) $10,000 if the taxpayer is mar- 
ried but files a separate return; or 

(c) $20,000 if the taxpayer files a 
joint return, or is a head of household 
or a widow or widower entitled to the 
special tax computation. 

(d) If either you or your wife are 
disabled and 65 or over, you may qualify 
for an increased maximum limitation. 
Consult the nearest Internal Revenue 
Senice office for further information. 
OTHER DEDUCTIONS 

Expenses for the Care of Cfuldren and Cer- 
tain Otiier Dependents. — If deductions are 
itemized, a woman or a widower (in- 
cluding men who are divorced or legally 
separated under a decree and who have 
not remarried) may deduct expenses 
paid, not to exceed a total of $600, for 
the care of: 

(a) dependent children under 12 
years of age ; or 

(b) dependent persons (excluding 
husband or wife) physically or men- 
tally incapable of caring for themselves, 
if such care is to enable the taxpayer to 
be gainfully employed or to actively seek 
gainful employment 

762-244 0-65- 13 



Do not deduct any child care pay- 
ments to a person for whom you claim 
an exemption. 

In the case of a woman who is mar- 
ried, the deduction is allowed only (a) if 
she files a joint return with her husband; 
and ( b ) the deduction is reduced by the 
amount (if any) by which their com- 
bined income, line 9, page 1, exceeds 
$4,500. If the husband is incapable of 
self-support because he is mentally or 
physically defective, these two limita- 
tions do not apply. 

If the person who receives the pay- 
ment performs duties not related to de- 
pendent care, only that part of the pay- 
ment which is for the dependent's care 
may be deducted. 

If you claim this deduction, attach a 
detailed statement showing the amounts 
expended and the person or persons to 
whom they were paid. If you wish, you 
may obtain Form 2441 from any Inter- 
nal Revenue Service office. 

Casualty Losses and Tlrefts.— If you item- 
ize deductions, you can deduct a net 
loss resulting from the destruction of 
your property in a fire, storm, automo- 
bile accident, shipwreck, or other losses 
caused by natural forces. Damage to 
your car by collision or accident can be 
deducted if due merely to faulty driving 
but cannot be deducted if due to your 
willful act or negligence. You can also 
deduct losses due to theft, but not losses 
due to, mislaying or losing articles. 

The amount of loss to be deducted is 
measured by the fair market value of 
the property just before the casualty less 
its fair market value immediately after 
the casualty (but not more than the cost 
or other adjusted basis of the property) , 
reduced by any insurance or compensa- 
tion received. Attach an explanation. 
You CAN Deduct Losses On: 
Property such as your home, clothing, or 
automobile destroyed or damaged by fire 
Property, including cash, which is stolen 

from you 
Loss or damage of property by flood, light- 
ning, storm, explosion, or freezing 
You CANNOT Deduct Losses On: 
Personal injury to yourself or another person 
Accidental loss by you of cash or other per- 
sonal property 
Property lost in storage or in transit 
Damage by rust or gradual erosion 
Animals or plants damaged or destroyed by 
disease 

Expenses for Education. — Expenses for 

education may be deducted if the edu- 
cation was undertaken primarily for 
the purpose of: 

(a) Maintaining or improving skills 
required in your employment or other 
trade or business, or 

(b) Meeting the express require- 
ments of your employer, or the require- 
ments of applicable law or regulations, 
imposed as a condition to the retention 



of your salary, status, or employment. 

Expenses incurred for the purpose of 
obtaining a new position, a substantial 
advancement in position, or for per- 
sonal purposes are not deductible. The 
expenses incurred in preparing for a 
trade or business or a specialty are per- 
sonal expenses and are not deductible. 

The rules for reporting deductible 
education expenses are the same as 
those shown on page 4 for the reporting 
of "Employee Business Expenses." If 
you are required therein to attach a 
statement to your return explaining the 
nature of the expenses, also include a 
description of the relationship of the 
education to your employment or trade 
or business. If the education was re- 
quired by your employer, a statement 
from him would be helpful. 

Miscellaneous.— If you itemize deduc- 
tions, you can deduct several other types 
of expenses under "Other Deductions." 

If you work for wages or a salary, you 
can deduct your ordinary and necessary 
employee business expenses which have 
not been claimed on page 1. 

You can deduct all ordinary and nec- 
essary expenses connected with the pro- 
duction or collection of income, or for 
the management or protection of prop- 
erty held for the production of income. 

If you are divorced or legally sepa- 
rated and are making periodic payments 
of alimony or separate maintenance un- 
der a court decree, you can deduct these 
amounts. Periodic payments made un- 
der either (a) a written separation 
agreement entered into after August 16. 
1954, or (b) a decree for support en- 
tered after March 1, 1954, are also de- 
ductible. Such payments must be in- 
cluded in the wife's income. You can- 
not deduct any voluntary payments not 
under a court order or a written sepa- 
ration agreement, lump-sum settle- 
ments, or specific maintenance pay- 
ments for support of minor children. 

You may deduct gambling losses only 
to the extent of gambling winnings. 

If you are a tenant-stockholder in a 
cooperative housing corporation, you 
can deduct your share of its payments 
for interest and real estate taxes. In 
addition, if this property is used in a 
trade or business or for the production 
of income, you may depreciate a portion 
of the basis of your stock in such corpo- 
ration. For details contact any Internal 
Revenue Service office. 
You CAN Deduct Cost Of: 
Safety equipment 

Dues to unions or professional societies 
Entertaining customers 
Tools and supplies 
Fees to employment agencies 
You CANNOT Deduct Cost Of: 
Travel to and from work 
Entertaining friends 
Bribes and illegal payments 

CS9—1&— 77173-1 



188 



FACSIMILES OF TAX RETURNS. 1962 



TAX RATE SCHEDULE 

If you do not use the Tax Table on page 10, then figure your tax on the amount on line lid, page 1 of your return, 
by using the appropriate tax rate schedule on this page. 



Schedule I. (A) SINGLE TAXPAYERS who do not qualify for rates In 

// the mil 
line lid, 
Not over 



$2,000 

$4,000 

$6,000 

$8,000 

$10,000 

$12,000 

$14,000 

$16,000 

$18,000 

$20,000 

$22,000 



ouut on 
page I, is: 

$2,000 

Bill not oier — 

— $4,000, . 

— $6,000. , 

— $8,000 . . 

— $10,000. 

— $12,000. 

— $14,000. 

— $16,000. 

— $18,000. 

— $20,000. 

— $22,000. 

— $26,000. 



Enter on line 12. 
20% of the amount 

$400, plus 22% 
$840, plus 26% 
$1,360, plus 30% 
$1,960, plus 34% 
$2,640, plus 38% 
$3,400, plus 43% 
$4,260, plus 47% 
$5,200, plus 50% 
$6,200, plus 53% 
$7,260, plus 56% 
$8,380, plus 59% 



page 1: 
on line 1 Id, 

Oj CXC,!, otc- 

— $2,000 

— $4,000 

— $6,000 

— $8,000 

— $10,000 

— $12,000 

— $14,000 

— $16,000 

— $18,000 

— $20,000 

— $22,000 



and III, and (B) married persons filing separate returns. 

ount on 



Schedules II 

// the am 

line lid, page I, is: 



Over— 

$26,000 

$32,000 

$38,000 

$44,000 

$50,000 

$60,000 

$70,000 

$80,000 

$90,000 

$100,000 

$150,000 

$200,000 



— $32,000 

— $38,000 

— $44,000 

— $50,000 

— $60,000 

— $70,000 

— $80,000 

— $90,000 

— $100,000 

— $150,000 

— $200,000 



Enter on line 12 

$10,740, plus 62% 
$14,460, plus 65% 
$18,360, plus 69% 
$22,500, plus 72% 
$26,820, plus 75%, 
$3 1,320, plus 78%. 
$42,120, plus 81% 
$50,220, plus 84% 
$58,620, plus 87% 
$67,320, plus 89%. 
$111,820, plus 90% 
$156,820, plus 91% 



page 1: 

oj execs ore,- 

— $26,000 

— $32,000 

— $38,000 

— $44,000 

— .$50,000 

— $60,000 

— $70,000 

— $80,000 

— $90,000 

— $100,000 

— $150,000 

— $200,000 



Schedule II. (A) MARRIED TAXPAYERS filing joint returns, and (B) certain widows and widowers (See page 4 of these instructions). 



// the amount on 
line lid, page 1, is: 
Not over $4,000 

Over— But not oter— 

$4,000 — $8,000. .. 

$8,000 — $12,000, . 

$12,000 — $16,000.. 

$16,000 — $20,000. . 

$20,000 — $24,000. . 

$24,000 — $28,000. . 

$28,000 — $32,000.. 

$32,000 — $36,000. . 

$36,000 — $40,000,. 

$40,000 — $44,000, , 

$44,000 — $52,000,. 



Enter on line 12, 
20% of the amount 



), plus 22Sc 
$1,680, plus 26% 
$2,720, plus 30% 
$3,920, plus 34% 
$5,280, plus 38% 
$6,800, plus 43% 
$8,520. plus 47% 
$10,400, plus ,50% 
$12,400, plus 53% 
$14,520, plus 56'~r 
$16,760, plus 59% 



page 1: 
on line 1 Id, 

ol ,A,... ore— 

— $4,000 

— $8,000 

— $12,000 

— $16,000 

— $20,000 

— $24,000 

— $28,000 

— $32,000 

— $36,000 

— $40,000 

— $44,000 



// the amount on 
line lid, page I, is: 

OrcT— But not ore- — 

$52,000 — $64,000. 

$64,000 — $76,000. 

$76,000 — $88,000. 

$88,000 — $100,000 

$100,000 — $120,000 

$120,000 — $140,000 

$140,000 — $160,000 

$160,000 — $180,000 

$180,000 — $200,000 

$200,000 — $300,000 

$300,000 — $400,000 

$400,000 



Enter on line 12, 

$21,480. plus 62% 
$28,920, plus 65% 
$36,720, plus 69% 
$45,000, plus 72% 
$53,640, plus 75% 
$68,640, plus 78% 
$84,210, plus 81% 
$100,440, plus 84% 
$117,240, plus 87% 
$134,640, plus 89% 
$223,640, plus 90% 
$313,640, plus 91% 



, page 1: 

ol execs, orer— 

— $52,000 

— $64,000 

— $76,000 

— $88,000 

— $100,000 

— $120,000 

— $140,000 

— $160,000 

— $180,000 

— $200,000 

— $300,000 
~ $400,000 



Schedule III. Unmarried (or legally separated) taxpayers who qualify as HEAD OF HOUSEHOLD (See page 3 of these instructions). 



// the amount on 
line lid, page 1, is: 
N^Tovcr $2,000 

Ore:—. But not orer— 

$2,000 — $4,000. . 

$4,000 — $6,000. . 

$6,000 — $8,000. . 

$8,000 — $10,000. 

$10,000 — $12,000. 

$12,000 — $14,000. 

$14,000 — $16,000. 

$16,000 — $18,000. 

$18,000 — $20,000. 

$20,000 — $22,000. 

$22,000 — $24,000. 

$2-1,000 — $28,000. 



Enter on line 12, page 1: 
20% of the amount 



$400, plus 21% 
$820, plus 24Sc 
$1,300, plus 26% 
$1,820, plus 30% 
$2,420, plus 32% 
$3,060, plus 36%, 
$3,780, plus 39% 
$4,560, plus 42% 
$5,400, plus 43% 
$6,260, plus 47% 
$7,200, plus 49% 
$8,180, plus 52% 



on line 1 Id. 

ol excess orer- 

— $2,000 

— $4,000 

— $6,000 

— $8,000 

— $10,000 

— $12,000 

— $14,000 

— $16,000 

— $18,000 

— $20,000 

— $22,000 

— $24,000 



// the amount on 
line lid, page 1, is: 

Orer— But not ote> — 

$28,000 — $32,000 
$32,000 — $38,000 
$38,000 — $44,000 
$44,000 — $50,000 
$50,000 — $60,000 
$60,000 — $70,000 
$70,000 — $80,000 
$80,000 — $90,000 
$90,000 — $100,000 
$100,000 — $150,000 
$150,000 — $200,000 
$200,000 — $300,000 
$300,000 



Enter on line 12, 

$10,260, plus 54% 
$12,420, plus 58% 
$15,900, plus 62% 
$19,620, plus 66% 
$23,580, plus 68% 
$30,380, plus 71%. 
$37,480, plus 74% 
$44,880, plus 76% 
$52,480, plus 80% 
$60,480, plus 83% 
$101,980, plus 87% 
$145,480, plus 90% 
$235,480, plus 91% 



page 1: 

ol excess over— 

— $28,000 

— $32,000 

— $38,000 

— $44,000 

— $50,000 

— $60,000 

— $70,000 

— $80,000 

— $90,000 

— $100,000 

— $150,000 

— $200,000 

— $300,000 



050—16—77173-1 



FACSIMILES OF TAX RETURNS, 1962 



189 



10 TAX TABLE 

FOR PERSONS WITH INCOMES UNDER $5,000 WHO DO NOT ITEMIZE ON PAGE 2 OF FORM 1040 

Read down the Income columns below until you find the line covering the total Income you entered on line 9, page 1, Form 1040. Then read across to the appropriate column 
headed by the number corresponding to the nuntber o( exemptions claimed on line 3, Sch. A, page 2. Enter the tax you find there on line 12, page 1. 



If total income on And the number of exemption': 
line 9, page 1, is — claimed on Iine3, Sch. A, p f 



But less 
than 



$675 

700 

725 

750 

775 

800 

825 

850 

875 

900 

925 

950 

975 

1,000 

1,025 

1,050 

1,075 

1, 100 

1, 125 

1, 150 

1, 175 
1,200 
1,225 
1,250 
1,275 
1,300 
1,325 
1,350 
1,375 
1,400 
1,425 
1,450 
1,475 
1,500 
1,525 
1,550 
1,575 
1,600 
1,625 
1,650 
1,675 
1,700 
1,725 
1,750 
1,775 
1,800 
1,825 
1,850 
1,875 
1,900 
1,925 
1,950 
1,975 
2,000 
2,025 
2,050 
2,075 

2, 100 
2, 125 
2, 150 
2,175 
2,200 
2,225 
2,250 
2,275 
2,300 
2,325 



If 4 or 
more 

there 
IS no 



$0 


$0 


4 





8 





13 





17 





22 





26 





31 





35 





40 





44 





49 





53 





58 





62 





67 





71 





76 





80 





85 





89 





94 





98 





103 





107 





112 





116 





121 


1 


125 


5 


130 


10 


134 


14 


139 


19 


143 


23 


148 


28 


152 


32 


157 


37 


161 


41 


166 


46 


170 


50 


175 


55 


179 


59 


184 


64 


188 


68 


193 


73 


197 


77 


202 


82 


206 


86 


211 


91 


215 


95 


220 


100 


224 


104 


229 


109 


233 


113 


238 


118 


242 


122 


247 


127 


251 


131 


256 


136 


260 


140 


265 


145 


269 


140 


274 


154 


278 


158 


283 


163 


287 


167 


292 


172 


296 


176 



$0 






















































2 
7 

11 

16 
20 
25 
29 
34 
38 
43 
47 



At least 



$2, 325 
2,350 
2,375 
2, 400 
2,425 
2,450 
2, 475 
2,500 
2,525 
2,550 
2,575 
2,600 
2,625 
2, 650 
2,675 
2.700 
2,725 
2.750 
2,775 

2, 800 
2,825 
2,850 
2,875 
2,900 
2,925 
2,950 
2,975 
3,000 
3,050 

3, 100 
3, 150 
3,200 
3, 250 
3, 300 
3, 350 
3, 400 
3, 450 
3, 500 
3, 550 
3,600 
3, 650 
3,700 
3,750 
3,800 

3, 850 
3,900 
3,950 
4,000 
4,050 

4, 100 
4, 150 
4,200 
4,250 
4,300 
4,350 
4,400 
4,450 
4,500 
4,550 
4,600 
4,650 
4,700 
4,750 
4,800 
4,850 
4,900 
4.950 



But less 
than 



$2, 350 
2,375 
2,400 
2,425 
2,450 
2,475 
2,500 
2,525 
2,550 
2,575 
2,600 
2,625 
2,650 
2,675 
2,700 
2,725 
2,750 
2,775 
2,800 
2,825 
2,850 
2,875 
2,900 
2,925 
2,950 
2,975 
3,000 
3,050 
3,100 
3,150 
3,200 
3,250 
3,300 
3,350 
3,400 
3,450 
3,500 
3,550 
3,600 
3,650 
3,700 
3,750 
3,800 
3,850 
3,900 
3,950 
4,000 
4,050 
4, 100 
4, 150 
4,200 
4,250 
4,300 
4,350 
4,400 
4,450 
4,500 
4,550 
4,600 
4,650 
4,700 
4,750 
4,800 
4,850 
4,900 
4,950 
5,000 







And the number ol exemptions clai 


Tied on 11 


le 3, Sch. 


A, page 2, is— 




1 


2 


3 








And you are- 


And you are- 


And you are- 








Single 




Single i 


(*) 


Single 




(*) 


or a 


An un- 


or a 1 An un- 


A 


or a 


An un- 


A 








married 


married 


married; married 


married 


married 


married 




4 


5 


6 


person 


head of 


person I head ol 


couple 


person 


head of 


couple 








filing 


a house- 


filing la house- 


filing 


liling 


a house- 


filing 








sepa- 


hold 


sepa- ; hold 


jointly 


sepa- 


hold 


jointly 








rately 




tately I 




rately 













$301 
305 
310 
314 
319 
323 
328 
332 
337 
341 
346 
350 
355 
359 
364 
368 
373 
377 
382 
386 
391 
395 
400 
405 
410 
415 
420 
427 
437 
447 
457 
467 
476 
486 
496 
506 
516 
526 
536 
546 
556 
566 
575 
585 
595 
605 
015 
625 
635 
645 
655 
665 
674 
684 
694 
704 
714 
724 
734 
744 
754 
704 
773 
783 
793 
803 
813 



1$301 


$181 


i 305 


185 


i 310 


190 


i 314 


194 


1 319 


199 


i 323 


203 


1 328 


208 


i 332 


212 


i 337 


217 


j 341 


221 


i 346 


226 


350 


230 


1 355 


235 


i 359 


239 


i 364 


244 


; 368 


248 


i 373 


253 


1 377 


257 


; 382 


262 


1 386 


266 


■ 391 


271 


; 395 


275 


i 400 


280 


; 404 


284 


! 409 


289 


i 414 


293 


; 419 


298 


; 426 


305 , 


! 435 


314 


i 445 


323 


: 454 


332 , 


i 464 


341 


; 473 


350 


: 482 


359 


492 


368 . 


501 


377 


511 


386 


520 


395 


530 


404 


539 


414 


549 


424 ; 


: 558 


434 ! 


567 


443 : 


577 


453 i 


586 


463 i 


596 


473 : 


605 


483 i 


615 


493 ; 


624 


503 ; 


634 


513 i 


643 


523 ; 


653 


533 i 


662 


542 ; 


671 


552 i 


681 


562 1 


690 


572 i 


700 


582 1 


709 


592 i 


719 


602 ; 


728 


612 : 


738 


622 i 


747 


632 i 


756 


641 i 


766 


651 ! 


775 


661 : 


785 


671 : 


794 


681 i 



$181 
185 
190 
194 
199 
203 
208 
212 
217 
221 
226 
230 
235 
239 
244 
248 
253 
257 
262 
266 
271 
275 
280 
284 
289 
293 
298 
305 
314 
323 
332 
341 
350 
359 
368 
377 
386 
395 
404 
413 
423 
432 
441 
451 
460 
470 
479 
489 
498 
508 
517 
527 
536 
545 
555 
564 
574 
583 
593 
602 
612 
621 
630 
640 
649 
659 
663 



$181 


$61 i 


185 


65 i 


190 


70 i 


194 


74 j 


199 


79 1 


203 


83 


208 


88 


212 


92 


217 


97 1 


221 


101 1 


220 


106 i 


230 


no 1 


235 


115 i 


239 


119 i 


244 


124 i 


248 


128 i 


253 


133 1 


257 


137 i 


262 


142 i 


206 


146 i 


271 


151 i 


275 


155 1 


280 


160 i 


284 


164 1 


289 


169 i 


293 


173 1 


298 


178 i 


305 


185 i 


314 


194 1 


323 


203 i 


332 


212 i 


341 


221 i 


350 


230 1 


359 


239 : 


368 


248 i 


377 


257 1 


386 


266 i 


395 


275 j 


404 


284 i 


413 


293 ! 


422 


302 ! 


431 


311 ! 


440 


320 : 


449 


329 i 


458 


338 i 


467 


347 ! 


476 


356 j 


485 


365 1 


494 


374 i 


503 


383 1 


512 


392 i 


521 


401 i 


530 


410 : 


539 


420 i 


548 


430 ! 


557 


440 ! 


566 


450 1 


Ol 


460 i 


584 


470 i 


593 


480 1 


602 


490 ; 


611 


500 1 


620 


509 i 


629 


519 ! 


638 


529 i 


647 


539 i 


656 


549 ; 



65 
70 
74 
79 
83 
88 
92 
97 
101 
106 
110 
115 
119 
124 
128 
133 
137 
142 
146 
151 
155 
160 
164 
169 
173 
178 
185 
194 
203 
212 
221 
230 
239 
248 
257 
266 
275 
284 
293 
302 
311 
320 
329 
338 
347 
356 
365 
374 
383 
392 
401 
410 
419 
429 
438 
448 
457 
467 
476 
486 
495 
504 
514 
523 
533 
542 



$61 


$0 


$0 


$0 


65 











70 











74 











79 











83 











88 











92 











97 











101 











106 











110 











115 











119 











124 


4 








128 


8 








133 


13 








137 


17 








142 


22 








146 


26 








151 


31 








155 


35 








160 


40 








164 


44 








169 


49 








173 


53 








178 


58 








185 


65 








194 


74 








203 


83 








212 


92 








221 


101 








230 


110 








239 


119 








248 


128 


8 





257 


137 


17 





266 


146 


26 





275 


155 


35 





284 


164 


44 





293 


173 


53 





302 


182 


62 





311 


191 


71 





320 


200 


80 





329 


209 


89 





338 


218 


98 





347 


227 


107 





356 


236 


116 





365 


245 


125 


5 


374 


254 


134 


14 


383 


263 


143 


23 


392 


272 


152 


32 


401 


281 


161 


41 


410 


290 


170 


50 


419 


299 


179 


59 


428 


308 


188 


68 


437 


317 


197 


77 


446 


326 


206 


86 


455 


335 


215 


95 


464 


344 


224 


104 


473 


353 


233 


113 


482 


362 


242 


122 


491 


371 


251 


131 


500 


380 


260 


140 


509 


389 


269 


149 


518 


398 


278 


158 


527 


407 


287 


167 


536 


416 


296 


176 



*Thia colitmn may also be used by a widow 



' with dependent child who meets certain qualiGcations which are explained on page 4 of these instructions. 

U.S. GOVERNMENT PRINTING OFFICE C^U—IG— 771 73-1 



190 



FACSIMILES OF TAX RETURNS, 1962 

NSTRUCTIONS FOR SCHEDULE B (Form 1040) 

ROYALTIES ESTATES 



B-1 



DIVIDENDS 

INTEREST PENSIONS 

RENTS PARTNERSHIPS 



TRUSTS 
MISCELLANEOUS 



Part I— DIVIDENDS 

If you own stock, the payments you 
receive out of the company's carnmgs 
and profits are dividends and must be 
reported in your tax return. Usually 
dividends are paid in cash, but if paid 
in merchandise or other property, they 
are taxable at their fair market value. 
In some cases payers, especially mu- 
tual funds and investment club part- 
nerships, distribute both an ordinary 
dividend and a capital gain at the same 
time; the check or notice will usually 
show them separately. You must re- 
port the dividend income portion m 
Part I of this Schedule, and the capi- 
tal gain portion on line 7, Part .1 of 
Schedule D (Form 1040). 

There are special rules applicable to 
stock dividends, partial liquidations, 
stock rights, and redemptions; call 
your Internal Revenue Service office 
for more complete information. 

You may exclude from your income 
$50 of dividends received from ciuali- 
fying domestic corporations. 

If a joint return is filed and both 
husband and wife have dividend in- 
come, each one may exclude $50 of 
dividends received from qualifying 
corporations, but one may not use any 
portion of the $50 exclusion not used 
by the other. For example, if the 
husband had $300 in dividends, and 
the wife had $20, only $70 may be 
excluded on a joint return. 

Use Part I to list your dividends 
including dividends you recei\e as a 
member of a partnership or as a bene- 
ficiaiy of an estate or trust, and to 
show the amount of the e.xcluiion to 
which you are entitled. Dividends 
from mutual insurance companies 
which are a reduction of premiums 
are not to be included. So-called 
"dividends" paid on deposits or with- 
drawable accounts by the follo%ving 
corporations are considered interest 
and should be reported as interest in 
Part II: 

Mutual savings banks, cooperative 
banks, savings and loan associations, 
and credit unions. 



Taxable dividends from the follow- 
ing corporations, which do not qualify 
for the dividends received exclusion 
and the dividends received credit, 
should be reported on line 5 of Part I : 

(a) foreign corporations. 

(b) so-called exempt organizations 
(charitable, fraternal, etc.) and ex- 
empt farmers' cooperative organiza- 
tions. 

(c) regulated investment compa- 
nies except to the extent designated by 
the company to be taken into account 
as a dividend for these purposes. 

(d) real estate investment trusts. 

(e) China Trade Act corporations. 

(f) corporations deriving 80 per- 
cent or more of their income from 
U.S. possessions and 50 percent or 
more of their income from the active 
conduct of a business therein. 

See page B-4 for an explanation of 
the dividends received credit. 

Part II— INTEREST 

You must include in your return 
any interest you received or which \vas 
credited to your account (whether en- 
tered in your passbook or not) and 
can be withdrawn by you. All inter- 
est on bonds, debentures, notes, sav- 
ings accounts, or loans is taxable, 
e.xcept for certain governmental is- 
sues. Interest which is fully exempt 
from tax is (a) interest from State and 
municipal bonds and securities and 
(b) interest on any $5,000 principal 
value of Treasury bonds issued before 
March 1, 1941. 

If you own United States Savings 
or War bonds, the gradual increase in 
value of each bond is considered in- 
terest, but you need not report it in 
your tax return until you cash the 
bond or until the year of final matu- 
rity, whichever is earlier. However, 
you may at any time elect to report 
each year the annual increase in value, 
but if you do so you must report in 
the first year the entire increase to 



date on all such bonds and must con- 
tinue to report the annual increase 
each year. 

Although a separate attachment 
may be used to report interest, if you 
have retirement income Part VIII of 
Schedule B should be completed. 

Part 111— PENSIONS AND ANNUITIES 

Noncontributory Annuities.— If the em- 
ployee did not contribute to the cost 
and was not subject to tax on his em- 
ployer's contributions, the full amount 
of an annuity or a pension of a retired 
employee must be included in his 
income. 

However, if there is a death-benefit 
exclusion, this rule does not apply; 
consult the Internal Revenue Service. 

Other Annuities. — Amounts received 
from other annuities, pensions, endow- 
ments, or life insurance contracts, 
whether paid for a fixed number of 
years or for life, may have a portion 
of the payment excluded from income. 
The following types come under this 
rule: (a) pensions where the employee 
has either contributed to its cost or has 
been ta.xed on his employer's contribu- 
tions, and (b) amoimts paid for a rea- 
son other than the death of the insured 
under an annuity, endoviTnent, or Ufe 
insurance contract. 

Part HI is provided for reporting 
the taxable portion of the annuity. If 
you are receiving payments on more 
than one pension or annuity, fill out 
a separate Part III for each one. 

General Rule for Annuities. — Generally, 

amounts received from annuities and 
pensions are included in income in an 
amount which is figured upon your 
life expectancy. This computation 
and your life expectancy multiple can 
be found in the regulations covering 
annuities and pensions. Once you 
have obtained the multiple it remains 
unchanged and it will not be necessary 
to recompute your taxable portion 
each year unless the payments you re- 
ceive change in amount. In making 

cSO — 16—77173-1 



FACSIMILES OF TAX RETURNS, 1962 



191 



B-2 



this computation you can get help 
from the Internal Revenue Service as 
well as from some employers and in- 
surance companies. 

Special Rule for Certain Types of Em- 
ployees' Annuities. — There is a special 
rule provided for amounts received as 
employees' annuities where part of 
the cost is contributed by the employer 
and the amount contributed by the 
employee will be returned within 3 
years from the date of the first pay- 
ment received under the contract. If 
both of these conditions are met, then 
all the payments received under the 
contract during the first 3 years are 
to be excluded from income until 
the employee recovers his cost (the 
amount contributed by him plus the 
contributions made by the employer 
on which the employee was previ- 
ously taxed) ; thereafter all amounts 
received are fully taxable. This 
method of computing taxable income 
also applies to the employee's benefici- 
ary if the employee died before receiv- 
ing any annuity or pension payments. 

Example: An employee received 
$200 a month from an annuity. 
While he worked, he contributed 
$4,925 toward the cost of the annuity. 
His employer also made contributions 
toward the cost of the annuity for 
which the employee was not taxed. 
The retired employee would be paid 
$7,200 during the first 3 years, which 
amount exceeds his contribution of 
$4,925. He would exclude from in- 
come all the payments received from 
the annuity until he has received 
$4,925. All payments received there- 
after are fully taxable. 

Amounts Received Under Life-Insurance 
Policies by Reason of Death.— Generally, 

a lump sum payable at the death of 
the insured under a life insurance pol- 
icy is excludable from the income 
of the recipient. For more detailed 
information, call or visit your Inter- 
nal Revenue Service office. 

Part lY— RENTS AND ROYALTIES 

If you are not engaged in selling 
real estate to customers, but receive 
rent from property owned or con- 
trolled by you, or royalties from copy- 
rights, patents, mineral leases, and 
similar rights, report the total amount 
received in Part IV. If property 
other than money was received as rent, 

069—16—77173-1 



its fair market value should be 
reported. 

In the case of buildings you can de- 
duct depreciation, as explained on 
page B-3. You can also deduct all or- 
dinary and necessary expenditures on 
the property such as taxes, interest, re- 
pairs, insurance, agent's commissions, 
maintenance, and similar items. How- 
ever, you cannot deduct capital in- 
vestments or improvements but must 
add them to the basis of the property 
for the purpose of depreciation. For 
example, a landlord can deduct the 
cost of minor repairs but not the cost 
of major improvements such as a new 
roof or remodeling. 

If You Rent Part of Your House.— If you 

rent out only part of your property, 
you can deduct only that portion of 
your expenses which relates to the 
rented portion. If you cannot deter- 
mine these expenses exactly, you may 
figure them on a proportionate basis. 
For example, if you rent out half of 
your home, and live in the other half, 
you can deduct only half of the depre- 
ciation and other expenses. 

Room rent and other space rentals 
should be reported as business income 
in separate Schedule C (Form 1040) 
if services are rendered to the occu- 
pant; otherwise, report such income in 
Part IV. If you are engaged in the 
business of selling real estate, you 
should report rentals received in sep- 
arate Schedule C. 

Part V— OTHER INCOME OR LOSSES 

Partnerships. — A partnership does not 
pay income tax unless it elects to be 
taxed on the same basis as a domestic 
corporation. It does, however, file an 
information return on Form 1065. 
Only one Form 1065 need be filed for 
each partnership. Each partner must 
report his share of the partnership's 
income. 

Include in Part V your share of the 
ordinary income (whether actually 
received by you or not) or the net 
loss of a partnership, joint venture, or 
the like, whose taxable year ends with- 
in or with the year covered by your 
return. Other items of income, de- 
ductions, etc., to be carried to the 
appropriate schedule of your individ- 
ual return are shown in Schedule K 
of the partnership return. Your share 
of income of the following classes 



should be entered on the appropriate 
lines and schedules of your return : 

Dividends. 

Interest on tax-free covenant 
bonds. 

Partially tax-exempt interest. 

Gains from the sale or exchange 
of capital assets and other 
property. 
If the partnership is engaged in a 
trade or business, the individual part- 
ner may be subject to the self-employ- 
ment tax on his share of the self- 
employment income from the part- 
nership. In this case the partner's 
share of partnership self-cmploymcnt 
net earnings (or loss) should be en- 
tered on line 5(b), separate Schedule 
C-3. Members of farm partnersjaips 
should use Schedule F-1 to figure self- 
employment tax. 

Estates and Trusts.— If you are a ben- 
eficiary of an estate or trust, report 
your taxable portion of its income 
whether you receive it or not. Your 
share of income of the following classes 
should be entered on the appropriate 
lines and schedules of your return: 
Dividends. 
Interest on tax-free covenant 

bonds. 
Partially tax-exempt interest. 
Gains from the sale or exchange 
of capital assets and other 
property. 
All other taxable income from es- 
tates and trusts should be included in 
Part V. Any depreciation (on estate 
or trust property) which is allocable to 
you may be subtracted from estate or 
trust income so that only the net 
income received will be included in 
your return. Information regarding 
these items may be obtained from the 
fiduciary. 

Small Business Corporations.— If you are 

a shareholder in a small business cor- 
poration which elects to have its cur- 
rent taxable income taxed to its stock- 
holders, you should report your share 
of both the distributed and undis- 
tributed current taxable income as 
ordinary income in Part V except that 
portion which is reportable as a lorig- 
term capital gain in separate Schedule 
D. Neither type of income is eligible 
for the dividends received credit or 
the exclusion. Your share of any net 
operating loss should be treated just as 
if the loss were from a proprietorship. 



192 



FACSIMILES OF TAX RETURNS, 1962 



B-3 



Other Income. — If you cannot find 
any specific place on your return to 
list certain types of income, you 
should report such income in Part V. 
Income reported in this part must be 
identified as to its source. This is the 
proper place to report amounts re- 
ceived as alimony, support and prizes. 
Recoveries of bad debts and other 
items which reduced your tax in a 
prior year should also be reported in 
Part V. A refund of state income tax 
should be entered here. The general 
rule is that a refund of state income 
taxes is income to the taxpayer if a 
deduction was taken in a prior year 
which resulted in a Federal tax bene- 
fit. Taxpayers using the cash basis 
report the refund in the year received ; 
taxpayers using the accrual basis re- 
port when the claim is allowed (if no 
claim is filed, report when the taxing 
authority notifies you of the overpay- 
ment) . 

Net Operating Loss.— If, in 1962, your 

business or profession lost money in- 
stead of making a profit, if you had 
a casualty loss, or a loss from the sale 
or other disposition of depreciable 
property (or real property) used in 
your trade or business, you can apply 
the losses against your 1962 income. 
If the losses exceed your income, the 
excess is a "net operating loss" which 
may be used to ofTset your income for 
the 3 years prior to and the 5 years 
following this year. The loss must 
be first carried back to the third 
prior year and any remaining balance 
brought forward to each succeeding 
year. If a "carryback" entitles you 
to a refund of prior year taxes, ask the 
District Director for Form 1045 to 
claim a quick refund. 

IT you had a loss in a prior year 
which may be carried over to 1962, it 
should be reported on line 3, Part V, 
and you should attach a statement 
showing the computation. 

Part VI— DEPRECIATION 

A reasonable allowance for the ex- 
haustion, wear and tear, and obsoles- 
cence of propeity used in the trade or 
business or of property held by the tax- 
payer for the production of income 
shall be allowed as a depreciation de- 
duction. The allowance does not 
apply to inventories or stock-in-trade 
nor to land apart from the improve- 
ments or physical development added 
to it. 



The cost (or other basis) to be re- 
covered should be charged off over the 
expected useful life of the property. 
Similar assets may be grouped together 
as one item for reporting purposes. 

For purposes of computing depreci- 
ation the cost or other basis of property 
which qualifies for the investment 
credit shall be reduced by an amount 
equal to 7 percent (3 percent for public 
utilities) of the qualified investment. 

In computing the basis on which de- 
preciation may be taken for personal 
property, other than livestock, salvage 
value need not be taken into account, 
if it does not exceed 10% of the cost or 
other basis of the property. If the sal- 
vage value exceeds 10%, only the ex- 
cess need be taken into account. 
These provisions apply to property 
with a useful life of 3 years or more 
which was acquired after October 16, 
1962. 

New Depreciation Guidelines and Rules.— 

Revenue Procedure 62-21, dated July 
12, 1962, sets forth new standards 
and procedures for determining depre- 
ciation. The new guideline lives for 
guideline classes (broad categories not 
item-by-item) are in most cases sub- 
stantially shorter than those previously 
used. These new guideline lives and 
rules are applicable to all depreciable- 
property including existing assets as 
well as new acquisitions; however, 
they do not supersede existing rules 
and procedures for any taxpayer who 
wishes to continue to use them. 

Taxpayers who wish to use the new 
provisions must use them for all assets 
in a particular guideline class. Tax- 
payers may use class lives equal to or 
longer than the guideline lives for 
3 years and may continue to use them 
thereafter if certain standards are met 
and replacement practices are con- 
sistent with the lives used. 

The depreciation schedule pro- 
vided on the return is to be used for 
reporting depreciation under both 
Revenue Procedure 62-21 and previ- 
ously prescribed rules and standards. 
Although depreciation reported under 
the revenue procedure should be 
shown on the basis of group and guide- 
line class, it is not necessary to disturb 
your present depreciation accounts. 

Revenue Procedure 62-21 is con- 
tained in IRS Publication No. 456 
(9-62), which may be purchased for 
25 cents from the Superintendent of 
Documents, Government Printing Of- 
fice, Washington 25, D.C. 

Following is a brief description of 
the various methods of depreciation 
which may be used under either 



Revenue Procedure 62-21 or previ- 
ously prescribed rules and standards. 

Straight -Line Method.— To compute, 

add the cost of improvements to the 
cost (or other basis) of the property 
and deduct both the estimated sal\agc 
value and the total depreciation al- 
lowed or allowable. The depreciation 
deduction is this amount divided by 
the number of years of useful life re- 
maining to the asset. 

Declining Balance Method.— A uniform 

rate is applied each year to the re- 
maining cost or other basis of property 
(without adjustment for salvage value ) 
determined at the beginning of such 
year, but depreciation must stop when 
the unrecovered cost is reduced to 
salvage value. For property acquired 
before January 1, 1954, or used prop- 
erty whenever acquired, the rate of 
depreciation under this method may 
not exceed one and one-half times the 
applicable straight-line rate. 

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 depre- 
ciated under methods proper before 
that date; 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 com- 
menced with the taxpayer and com- 
menced after December 31, 1953. 

(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 Ihe years-digits meth- 
od. — The deduction for each year is 
computed by multiplying the cost or 
other basis of the property (reduced by 
estimated salvage value) by the num- 
ber 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 (5-|-4-f-3-|-2-l- 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. 

(c) Other methods. — A taxpayer 
may use any consistent method which 

C59— 16— 77J731 



FACSIMILES OF TAX RETURNS, 1962 



193 



B-4 



does not result at the end of any year 
in accumulated allowances greater 
than the total of the accumulated al- 
lowances which would have resulted 
from the use of the declining balance 
method. This limitation applies only 
during the first two-thirds of the prop- 
erty's useful life. 

Additional First-Year Depreciation.— You 

may elect to write off, in the year 
assets are first subject to depreciation, 
20 percent of the cost of the assets if 
they are tangible personal property 
(e.g., equipment, machinery, etc.) ac- 
quired by purchase for use in a trade 
or business or to be held for the pro- 
duction of income. If the aggregate 
cost of these assets exceeds $10,000 
($20,000 for joint return) the addi- 
tional depreciation is limited to $2,000 
($4,000 for joint return) . 

The additional depreciation is lim- 
ited to property with a remaining use- 
ful life of 6 years or more and which 
is not acquired from a person (other 
than a brother or sister) whose rela- 
tionship to the taxpayer would result 
in the disallowance of losses. Normal 
depreciation may also be taken on the 
cost of the asset reduced by the first- 
year depreciation. 

The additional first-year deprecia- 
tion 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. 

Enter the total depreciation claimed, 
both additional first-year and other, 
on the "Total" line of the depreciation 
schedule. In addition, enter the total 
additional first-year depreciation in 
the box provided below the "Total" 
or "Balance" line. 



Part VII— DIVIDENDS RECEIVED CREDIT 

The law provides a credit against 
tax for dividends received from quali- 
fying domestic corporations. This 
credit is equal to 4 percent of these 
dividends in excess of those which you 
may exclude from your income. The 
credit may not exceed : 

(a) the total income tax reduced 
by the foreign ta.x credit; or 

(b) 4% of the taxable income. 

Part VIII— RETIREMENT INCOME 
CREDIT 

You may qualify for this credit 
which is generally 20 percent of re- 
tirement income if you received 
earned income in excess of $600 in 
each of any 10 calendar years — 
not necessarily consecutive — before 
the beginning of your ta.xable year. 

The term "earned income" means 
wages, salaries, or professional fees, 
etc., received as compensation for 
personal services actually rendered. 
It docs not include any amount re- 
ceived as an annuity or pension. If 
you were engaged in a trade or busi- 
ness in which both personal services 
and capital were material income- 
producing factors, a reasonable allow- 
ance as compensation for the personal 
services rendered by you, not in excess 
of 30 percent of your share of the net 
profits of such business, shall be con- 
sidered as earned income. 

If you are a surviving widow (wid- 
ower) and have not remarried, you 
may use the earned income of your 
deceased husband (wife), or you may 
combine such income with your earned 
income, for the purpose of determin- 
ing whether you qualify. If a hus- 



band and wife both qualify and each 
has retirement income, each is entitled 
to the credit. 

Retirement income for the purpose 
of the credit means — 

(a) In the case of an individual 
who is not 65 before the end of his 
taxable year, only that income re- 
ceived from pensions and annuities 
under a public retirement system (one 
established by the Federal Govern- 
ment, a State, county, city, etc.) which 
is included in income in his return. 

(b) In the case of an individual 
who is 65 or over before the end of 
his taxable year, income from pen- 
sions, annuities, interest, rents, and 
dividends, which are included in gross 
income in his return. (Gross income 
from rents for this purpose means 
gross receipts from rents without re- 
duction for depreciation or any other 
expenses. Royalties are not considered 
rents for this purpose.) 

The amount of the retirement in- 
come used for the credit computation 
may not exceed $1,524 reduced by: 

(a) any amount received and ex- 
cluded from income as a pension 
or annuity under the Social Security 
Act and Railroad Retirement Acts 
and by other tax-exempt pensions or 
annuities. This reduction does not 
include ( 1 ) that part of a pension or 
annuity which is excluded from in- 
come because it represents, in effect, 
a return of capital or tax-free proceeds 
of a like nature, or (2) amounts ex- 
cluded from income received as com- 
pensation for injuries or sickness or 
under accident or health plans; and 

(b) by certain adjustments for 
earned income. 



Other Infernal Revenue publications con/o/n/ng helpful lax information . . . 

They may be obtained from your District Director or by mailing this order blank to the Superintendent of Documents, Washington 25, D.C. 



[—] YOUR FEDERAL INCOME TAX. 1963 Edition. Issued each year to 
— help taxpayers in preparing their income tax returns, this useful 
booklet contains more detailed information than the instructions which 
accompany Form 1040. 1963. 144 pages with illustrations. 
Catalog No. T 22.44:962 40 cents per copy 



[—1 TAX GUIDE FOR SMALL BUSINESS, 1963 Edition. Published an- 
— nually, this tax guide answers, in plain layman's language, the Fed- 
eral tax questions of Corporations, Partnerships, and Sole Proprietor- 
ships. 1963- 144 pages with illustrations. 
Catalog No. T 22.19/2:Sm 1/962 40 cents per copy 



To: Supc. of Documents 
Govt. Printing 0£5ce 
Washington 25, D.C. 



ORDER FORM 



Enclosed find $.. 
checked above. 

Name 

Street address 

City, Zone, and State . 



Please send me the publications I have 



U.S. COVERNMITNT PRINTING OmCB 

DIVISION OF PUBLIC DOCUMENTS 

WASHINGTON 25, D.C. 

OFFICIAL BUSINESS 



RETURN AFTER 5 DAYS 



Name 

Street address 



City, Zone, and State 
Fill in both parts and mail in envelope 



059—16—77173-1 



194 



FACSIMILES OF TAX RETURNS, 1962 



SCHEDULE C 

(Form 1648) 

U. S. Treasury Department 
Internal Revenue Service 



PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION 

(Compote social secnxify self-employment tax on Schedule C-3 (Foim 1040)) 



1962 



Attach this schedule to your incom. tax rehirn. Form 1040 — Partnerships, joint venhires, etc.. must file on Form 1065 

Name and address as shown on page 1, Form 1040 



Your Social Security Number 



*■ ('^"«^i^iS^^=tioS^r*^ " "'""ffiVeVaipier;eIaU::^«;whVre8i"^lobaco?^l^l^^^^^ 



B. Business name — 
D. Business location . 



(Number and street or rural route) 
E. Indicate method of accounting: □ cash; □ accrual; Q other. 



C. Employer Identification Number 

'"(at^'orp^stoTfice)" (State) 



1. Gross receipts or gross sales $ - Less: Returns and allowances 

2. Inventory at beginning of year (If different than last year's closing inventory 

attach explanation) 

3. Merchandise purchased $ - — - , less cost of any items 

withdrawn from business for personal use $ 

4. Cost of labor (do not include salary paid to yourself) 

5. Material and supplies 

6. Other costs (explain in Schedule C-1) 

7. Total of lines 2 through 6 

8. Inventory at end of this year 

S. Cost of goods sold (line 7 less line 8) 

10. Gross profit (subtract line 9 from line 1) 

OTHER BUSINESS DEDUCTIONS 



11. 
12. 
13. 
14. 
15. 
16. 
17. 
18. 
19. 
20. 
21. 
22. 
23. 
24. 
25. 
26. 



Depreciation (explain in Schedule C-2) 

Taxes on business and business property (explain in Schedule C-1) 

Rent on business property 

Repairs (explain in Schedule C-1) 

Salaries and wages not included on hne 4 (exclude any paid to yourself) . . . 
Insurance 



Legal and professional fees 

Commissions 

Amortization (attach statement) 

Interest on business indebtedness 

Bad debts arising from sales or services 

Losses of business property (attach statement) , 

Depletion of mines, oil and gas wells, timber, etc. (attach schedule) 

Other business expenses (explain in Schedule C-1) 

Total of lines 1 1 through 24 

Net profit (or loss) (subtract line 25 from line 10). Enter here; on line 1, Schedule C-3; and on line 6, 
page 1, Form 1040 





SCHEDULE C-1. EXPLANATION OF LINES 6, 12, 14, AND 24 




Line No. 


Explanation 


Amount 


Line No. 


Explanation 


Amount 






$ 






$ 














































































































— _. 














FACSIMILES OF TAX RETURNS, 1962 



195 



Schedule C (Form 1040) 1962 



Paie 2 



SCHEDULE C-2. EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED ON LINE 11 

This schedule is designed for taxpayers using the new guideline lives and administrative procedures described in Revenue Procedure 62-21 
as well as for those taxpayers who wish to continue using previously authorized procedures. Where double headings appear use the 
first heading for the new procedure and the second heading for the older procedure. 



1. Group and guideline class 


2. Cost or other basis 
at beginning of year 


3. Asset additions in 
year (amount) 


4. Asset retirements 
in year (arrwunt) 
(applicable only to 
Rev. Proc. 62-21) 


5. Depreciation 

allowed or allowable 

in prior years 


6. Method 

of 
computing 
depreciation 


7. Class lite 

OR 

Rate (%) 
or life 


8. Depredation for 


Description of property 


Cost or other 
basis 


Date acquired 


this yaaf 


















































































































































1. Totals 










2. Less: Amount of depreciation claimed elsewhere in Schedule C 




3. Balance — Enter here and on line 1 1 , page '. 
5. Cost or other basis of fully depreciated asset. 








included above 

still in use 


p^-iHW?^^^ 




-r, ;v^ -„n <M"-'.^*>» 











INVENTORY QUESTIONS 

1. Was inventory valued at — Cost D; lower of cost or market D; other □. If other, attach explanation. 

2. Have write-downs been made to inventory? Yes □ No □. If "Yes," were the write-downs computed on the 

basis of: 

(a) □ Percentage reductions from parts of the inventory 

(b) □ Percentage reductions from the total inventory 

(c) □ Valuation of individual items. 

If "a" or "b" is checked, enter the percentage of write-downs .._ _ %. For "a," "b," 

or "c" enter the dollar amount of write-downs $ 

(If not available, estimate and indicate that the figure is an estimate.) 

3. Was the inventory verified by physical count during the year? 

Yes □ No □. If "No," attach explanahon of how the closing inventory was determined. 

4. Was there any substantial change in the manner of determining quantities, costs or valuations between the 

opening and closing inventories? Yes □ No □. If "Yes," attach explanation. 
NOTE: If a direct answer cannot be given to a question, attach explanation. 

EXPENSE ACCOUNT INFORMATION 

Enter information with regard to yourself and 
your five highest paid employees. In determin- 
.ng the five highest paid employees, expense 
account allowances must be added to their sal- 
aries and wages. However, the information 
aeed not be submitted for any employee for 
whom the combined amount is less than $10,000, 
or for yourself if your expense account allow- 
ance plus line 26, page I, is less than $10,000. 
See separate instructions for Schedule C, for 
definition of "expense account." 

Did you claim a deduction for expenses connected with: 
boxes within that question.) 

F. A hunting lodge Q, working ranch or farm D. fish- 
ing camp □, resort property □, pleasure boat or 
yacht n. or other similar facility □? (Other than 
where the operation of the facility was your princi- 
pal business.) D YES D NO 

G. Vacations for you or members of your family, or 
employees or members of their families? (Other 
than vacation pay reported on Form W-2.) 
n YES n NO 



Name 


Expense account 


Salaries and Wages 






XXXXXXXXXXXXXX 


1 






2 






3... 






4 






5.. 













(If answer to any question is "YES," check applicable 

H. The leasing, renting, or ownership of a hotel room 
or suite □, apartment Q. 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 
stahis.) D YES Q NO 

I. The attendance of members of your family or your 
employees' families at conventions or business 
meetings? D YES Q NO c59-i6-77i7o-i 



196 



FACSIMILES OF TAX RETURNS, 1962 



SCHEDULE C-3 
(Form 1040) 



U. S. Treasury Department— Internal Revenue Service 

COMPUTATION OF SOCIAL SECURITY SELF-EMPLOYMENT TAX 
(See uistrucrlions ou page 2) 



1962 



► If you had wages o£ $4,800 or more which were subject to social security taxes, do not fill in this page. 

>■ Complete only one Schedule C-3; if you had more than one business, combine profits (or losses) from all of your 
businesses on this Schedule. 

► Each self-employed person must file a separate schedule. See instructions, page 2. for joint returns and partnerships. 



)JAME AND ADDRESS (as shown on page 1 of Form 1040) 



MAME or SELF-EMPLOYED PERSON 



(as thown < 



Your Social Security Number 



I. Net profit (or loss) shown on line 26 Schedule C (Form 1040) (Enter combined 
amount if more than one business) 



2. Add to net profit (or subtract from net loss) losses of business property shown on line 

22, Schedule C 

3. Total (or difference) 

4. Net income (or loss) from excluded services or sources included on hne 3 (see "Exclusions," page 2) 

Specify excluded services or sources 

5. Net earnings (or loss) from self-employment — 

(a) From business (line 3 less any amount on line 4) 

(b) From partnerships, joint ventures, etc. (other than farming) 

(c) From service as a minister, member of a religious order, or a Christian Science practitioner 

Enter only if you have filed or are filing Form 2031 (see instructions, page 2). 

(d) From farming reported on line 2 (or line 3 if option used), separate Schedule F-1 (Form 1040) 

(e) From service with a foreign government or international organization 

6. Total net earnings (or loss) from seU-employmenl reported on line 5. Enter here and in item F below . . . . 
(If line 6 is under $400, you are not subject to self-employment tax. Do not fill in rest of page.) 



7. The largest amount of combined wages and self -employment earnings subject to social 
security tax is 



8. Total v/ages, covered by social security, paid to you during the taxable year. (For 
"Covered" wages see "F. I. C. A. Wages" box on Form W-2.) Enter here and in 
item G, below 



4,800 



00 



9. Balance (line 7 less line 8) 

.0. Self -employment income — line 6 or 9, whichever is smaller. Enter here and in item H, below 

:1. Self-employment tax— If line 10 is $4,800, enter $225.60; if less, multiply the amount on line 10 by 4.7%. 
Enter this amount here and on line 13, page 1, Form 1040 



Do not detach 



Important. — The amounts reported on the form below are for your social security account. This account is used in 
figuring any benefits, based on your earnings, payable to you, your dependents, and your survivors. Fill in each 
item accurately and completely. 



fCHEDDLE SE (Fonn 1040) 
n. S. Treoswry Depajrltnent 
Internnl Revcnne Service 



U. S. REPORT OF SELF-EMPLOYMENT INCOME 

For crediting to your social security account 



1962 



Indicate year covered by this return (even though income was received only in port of year): 
JJ_ Calendar year 1962 □; or other taiable year beginning 1962, ending 

If les3 than 12 months, was short year due to (a) □ Death, or (b) □ Change in accounting period, 
or (c) D Other. 


PLEi'^2 DO NOT WRITE IN THIS SPACE 




BUSINESS ACTIVITIES SUBIECT TO SELF-EMPLOYl^ENT TAX (Grocery store, restaurant, etc.) 






BUSINESS ADDRESS (number and street, city or posi office, postal zone number. State) 

c. 






SOCIAL SECURITY ACCOUNT NUMBER T,>h 
"" OF PERSON NAMED IN ITEM E BELOW WU^ 








„ ENTER AMOUNT j 
r. FROM LINE 6 1 

$ i 






PRINT OR TYPE NAME OF SELF-EMPLOYED PERSON AS SHOWN ON SOCIAL SECURTTYCARD 


Ra 


E. 


PRINT OR T1TE HOME ADDRESS (number and sh-eelor rural route) 


ENTER AMOUNT 1 

C. FROM LINE 8, IF ANY I 

$ ! 


i 




(Oty or post office, postal zone number. State) 


ENTER AMOUNT 1 
H. FROM LINE 10 ! 

$ 1 


u 



o69—lft— 77170-1 OPO 



FACSIMILES OF TAX RETURNS, 1962 



197 



INSTRUCTIONS FOR SOCIAL SECURITY SELF-EMPLOYMENT TAX 



In general, every individuQl deriving self-employment income 
during the taxable year from a trade or business carried on by him 
or from a partnership of which he is a member is subject to the seli- 
employment tax. This computation is made on lines 1 through 11. 
This tax must be paid regardless of age and even though the 
individual is receivina social security benefits. 

Ministers, members of religious orders, and Christian 
Science practitioners. — Duly ordained, commissioned, or licensed 
ministers of churches, members of religious orders (who have not 
taken a vow of poverty), and Christian Science practitioners are 
not automatically covered by the Social Security Act, but may 
elect to be covered by filing Form 2031. Copies are available in 
the office of any district director of Internal Revenue. The instruc- 
tions on the form set out the provisions of the law which permit 
these forms under certain conditions to be filed to cover ministers, 
and others mentioned above. Do not delay filing your income tax 
return beyond the due date even though you have not obtained a 
Form 2031. In such case, complete this Schedule, file it with 
Form 1040, and then file Form 2031 as promptly as possible to 
make your election. 

Ministers and members of religious orders who desire coverage 
shall in addition to their other items of income include for the pur- 
pose of determining net earnings from self-employment (but not for 
income tax purposes) the rental value of a parsonage or allowance 
for the rental value of the parsonage, and the value of meals and 
lodging furnished them for the convenience of their employers. 

U. S. citizens employed by foreign governments or inter- 
national orgonizaBons. — A U. S. citizen employed in the United 
States, Puerto Rico, Guam, American Samoa, or Ihe Virgin Islands 
by a foreign government, an instrumentality wholly owned by a 
foreign government, or an international organization which is 
organized under the International Organizations Immunities Act, 
is subject to the social security self-employment tax. These em- 
ployees should report their income from such employment on line 
5(e), of this Schedule, compute their self-employment tax, and file 
the schedule with their Form 1040. In item B of Schedule SE, enter 
"Employee of foreign government, etc." 

Form income. — Farmers report farm income and net earnings 
from farm self-employment on separate Schedules F and F-1 
(Form 1040). 
EXCliUSIONS 

Income (or loss) from the following sources and deductions attrib- 
utable thereto are not taken into account in figuring net earnings 
from self-employment. Use line 4 to exclude any such amounts 
reported on separate Schedule C (Form 1040) that should not be 
taken into account in figuring your self-employment income. 

Doctors o£ medicine. — Income from the performance of service 
as a doctor of medicine or income from the performance of such 
service by a partnership. 

Christian Science practitioners. — Income from the performance 
of service as a Christian Science practitioner, unless such Chris- 
tian Science practitioner elects by filing Form 2031 to be covered 
by the Social Security Act, as explained above. 

Religious services. — Income from the performance of service 
by a duly ordained, commissioned, or licensed minister of a church 
in the exercise of his ministry or by a member of a religious order 
in the exercise of duties required by such order, unless such minister 
or member of a religious order elects by filing Form 2031 to be 
covered by the Social Security Act, as explained above. 

Employees and public officials. — Income (fees, salaries, etc.) 
Irom the performance of service as: 

(a) a public official, including a notary public; 

(b) an employee or employee representative under the railroad 
retirement system; or 

(c) an employee (except as indicated above). 

Note. — The income of an employee over the age of 18 from 
the sale of newspapers or magazines to an ultimate consumer 
is subject to the self-employment tax if the income consists of 
retained profits from such sales. 

Real estate rentals. — Rentals from real estate, except rentals 
received in the course of a trade or businsss as a real estate dealer. 
This includes cash and crop shares received from a tenant or 
sharefarmer. These amounts should be reported in Part IV, Sched- 
ule B (Form 1040). However, rental income from a farm is not ex- 
cluded if the rental arrangement provides for material participation 
by the landlord and he does participate materially in the production 
or in the management of the production of one or more farm products 
on his land. Such income represents farm earnings and should 
be reported on separate Schedules F and F-1. 

Payments for the use or occupancy of rooms or other space where 
services are also rendered to the occupant, such as rooms in hotels, 
boarding houses, apartment houses furnishing hotel services, tourist 
coinps, or homes, or space in parking lots, warehouses, or storage 
qarages do not constitute rentals from real estate and are included 
in determining net earnings from self-employment on this Schedule. 

Interest and dividends. — Dividends on shares of stock, and 
Interest on bonds, debentures, notes, certificates, or other evidences 



Page 2 



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. These amounts should be reported in Parts I and 
II of Schedule B. 

Property gains and losses. — Gain or loss: (a) from the sale or 
exchange of a capital asset; (b) to which sections 631 and 1231 
are applicable; or (c) from the sale, exchange, involuntary con- 
version, or other disposition of property if such property is neither 
(1) stock in trade or other property of a kind which would properly 
be includable in inventory if on hand at the close of the taxable 
year, nor (2) property held primarily for sale to customers in the 
ordinary course of the trade or business. These amounts should be 
reported on separate Schedule D (Form 1040). 

Net operating losses. — No deduction for net operating losses of 
other years shall be allowed in determining the net earnings from 
self-employment. Such deduction should be entered on line 3, 
Part V of Schedule B. 

No deductions for personal exemptions. — The deductions for 
personal exemptions are not allowable in determining net earnings 
from self-employment. 
MORE THAN ONE TRADE OR BUSINESS 

If an individual is engaged in more than one trade or business, 
his net earnings from self-employment are the combined net earn- 
ings from self-employment of all his trades or businesses. Thus, the 
loss sustained in one trade or business will operate to reduce the 
income derived from another trade or business. An individual shall 
fill in and file only one Schedule C-3, including Schedule SE, for 
any one year. 
JOINT RETURNS 

Where husband and vrife file a joint income tax return, Schedule 
C-3 (Form 1040) should show the name of the one with self- 
employment income. Where husband and wife each have self- 
employment income, separate Schedules C and C-3 must be 
attached for each. In such coses the total of amounts shovra on 
line 26 of each separate Schedule C should be entered on line 6, 
page 1, Form 1040, and the aggregate self -employment tax (line 
1 1) Schedule C-3 should be entered on fine 13, page 1, Form 1040. 
COMMUNITY INCOME 

For the purpose of computing net earnings from self-employment, 
if any of the income from a trade or business is community income, 
all the income from such trade or business is considered the income 
of the husband unless the wife exercises substantially all the man- 
agement and conti-ol of the trade or business, in which case all of 
such income is considered the income of the wife. (Also see instruc- 
tions on partnerships below.) 

If separate income tax returns are filed by husband and wife. 
Schedules C and C-3 should be attached to the return of the ona 
with self-employment income. Community income included on 
Schedule C must be allocated between the two returns (on line 6, 
page I , Form 1 040) on the basis of the community property laws. 
PARTNERSHIPS 

In computing his combined net earnings from self-employment, a 
partner should include his entire share of such earnings from a 
partnership including any guaranteed payments. No part of that 
share may be allocated to the partner's wife (or husband) even 
though the income may, under State law, be communitj' income. In 
the case of a husband and wife partnership, like other partnerships, 
the distributive share of each should be entered in Part V of Sched- 
ule B (Form 1040), for income tax purposes. For self-employment 
tax purposes the distributive share of each partner should be 
entered on line 5(b), of this Schedule (except that farm partnership 
earnings are to be reported on line 1(b), Schedule F-1 (Form 1040) 
rather than on line 5(b) of this schedule). 

Note. — If a member of a continuing partnership dies, a portion of 
the deceased partner's distributive share of the partnership's ordi- 
nary income (or loss) for the taxable year of the partnership in 
which he died must be included in the partner's net earnings from 
self-employment. In such cases consult your nearest Internal Rev- 
enue Service office as to how to report. 
SCHEDULE SE (Form 1040) 

Schedule SE, which is the lower portion of this Schedule, pro- 
vides the Social Security Administration with the information on 
self-employment income necessary for computing benefits. 

To assure proper credit to your account, be sure to enter your 
name and social security account number on Schedule SE (Form 
1040) exactly as they are shov^n on your social security card. If 
you do not have a social security account number, you must get 
one. These account numbers are obtainable from any social secu- 
rity district office. Your local post office will give you the address. 
Do not delay filing your return beyond the due date. 

Regardless of whether joint or separate returns are filed by 
husband and wife, Schedule SE (Form 1040) must show only 
the name of the one with the self-employment income. 
However, if both had self-employment income, a separate 
Schedule SE must be filed by each. 



198 



FACSIMILES OF TAX RETURNS, 1962 



us. Treasury Department Internal Re 



INSTRUCTIONS FOR SCHEDULE C (FORM 1040)— 1962 



If you owned a business, or practiced a profession, fill in Schedule 
C and enter the net profit (or loss) on line 6, page 1, Form 1040. 
If you had more than one business, or husband and wife had sepa- 
rate busmesses, a separate Schedule C must be completed for each 
busmess. Farmers should use separate Schedule F (Form 1040). 

Income from any trade or business is subject to the social security 
self -employment tax, unless specifically excluded. See page 2 of 
Schedule C-3 (Form 1040). 

If some of your expenses are part business and part personal, you 
can deduct the business portion but not the personal portion. For 
instance, a businessman who uses his car half for business can 
deduct only half the operating expenses. 

Accounting Methods and Records. — Two of the principal meth- 
ods of accounting which may be used are the "cash method" and 
the "accrual method." Other methods are permissible, such as, 
completed contract, percentage of completion, etc. Any of these 
methods or a combination of methods may be used provided that 
the method or methods used properly reflect your income. However, 
unless you keep books of account your return must be on the "cash 
method." 

"Cash method" means that all items of taxable income actually 
or constructively received during the year (whether in cash or in 
property or services) and only those amounts actually paid during 
the year for deductible expenses ore shown. Income is "construc- 
tively" received when it is credited to your account or set aside for 
you and may be drawn upon by you at any time. Uncashed salary 
or dividend checks, bank interest credited to your account, matured 
bond coupons, and similar items which you can turn into cash 
immediately are "constructively received" even though you have 
not actually converted them into cash. 

An "accrual method" means that you report income when earned, 
even if not received, and deduct expenses when incurred, even if not 
paid within the taxable year. 

Iten:\ A — Principal business activity. — Give the one business 
activity that accounts for the largest percentage of gross income 
included in line 1, page 1, of Schedule C. State the broad field of 
business activity as well as the specific product or service, such as 
"wholesale food," "retail apparel," etc. 

Item D — Business location. — Do not use home address as busi- 
ness address unless business is actually conducted from home. 
Enter street address rather than box numbers. 

Line 1 — Gross receipts or gross sales. — Include all income de- 
rived from your trade or business. Enter such items as returned 
sales, rebates, and allowances from the sale price or service charge. 

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 1959, 1960, 1961, and 1962 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 or 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 pro- 
ducing factor, you must take inventories of merchandise and mate- 
rials on hand at the beginning and end of the taxable year in order 
to reflect the gross profits correctly. 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 should be made on Form 3115 and 
filed with the Commissioner within 90 days after the beginning of the 
taxable year in which it is desired to effect a change. 

OTHER BUSINESS DEDUCTIONS 

Line 11 — Depreciation and obsolescence. — You may deduct a 
reasonable allowance for exhaustion, wear and tear, and obsoles- 



cence of property used in the trade or business. For additional 
information regarding depreciation, see page B-3 of the instruc- 
tions for Form 1040. The depreciation instructions discuss the new 
standards and procedures for use in determining depreciation under 
a recently issued revenue procedure (Rev. Proc. 62-21). While not 
mandatory, the adoption of these procedures will, in most cases, 
prove to be to the taxpayer's advantage. 

If a deduction is claimed on account of depreciation, fill in Sched- 
ule C-2. In case obsolescence is included in this deduction, state 
separately amount claimed and basis upon which it is computed. 

Line 14 — 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 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 — Amortization. — If you elect to amortize on emergency 
facility and hove a certificate of necessity, a statement of the perti- 
nent facts should be filed with your return. (See section 168 of the 
Internal Revenue Code.) 

For the election to amortize research or experimental expenditures, 
see section 174 of the Code. 

For the election to amortize trademark or trade name expenditures, 
see section 177 of the Code. 

Line 21 — 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 sub- 
seguently collected, be returned as income for the year in which 
collected. 

Line 22 — 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 acquisition, 
insurance, salvage value, and deductible loss. 

Line 23 — 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 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 
depletion schedule up to date. 

Line 24 — Other business expenses. — Include all ordinary and 
necessary business expenses for which no space is provided in the 
schedule. 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 deduc- 
tion should be entered on line 3, Part V, of Schedule B (Form 1040). 

Expense account information. — Expense account allowance 
means: (a) amounts, other than compensation, received as advances 
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 deduc- 
tion 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; and (c) in the case of per- 
sons supplying legal, accounting, engineering or other professional 
services, the expenses which will be billed directly to the client (how- 
ever, these persons should maintain records reasonably sufficent to 
establish the business purpose for the expenditure). 



19—16—77170-1 



U.S. GOVERNMENT PRINTING OFFICE : 1962— O-646810 



FACSIMILES OF TAX RETURNS, 1962 



199 



SCHEDULE D 

(Form 1040) 


U.S. Treasury Department— Internal Revenue Service 

GAINS AND LOSSES FROM SALES OR EXCHANGES OF PROPERTY 

Attach this schedule to your income tax reharn. Form 1040 


1962 


Name and address as shown on page 1 of Form 1040 


Your Social Security Number 

i i 



Part I— CAPITAL ASSETS 



Short-term capital gains and losses 


— assets hald not more than 6 months 




t. Kind of propeily (if necessary, attach state- 
ment of descriptive details not shown below) 


b. Date acquired 
(mo., day, yr.) 


c Date sold 
(mo., day, yt.) 


d. Gross sales price 
(contract price) 


e. Depreciation 

allowed (or 

allowable) since 

acquisition or 

March 1, 1913 

(attach schedule) 


1. Cost or other basis, 
cost of subsequent 

impiovemenrs (il not 
puichased, attach 
explanation) and 
expense of sale 


g. Gain 01 losj 
(d plus e less f) 


1 




































































































3a Enter unused capital loss carryover from 5 orecedina taxable ve 


ars (Attach state 






4. Net short-term gain (or loss) from line 


s 1, 2, and 3. . 




• 





lionq-term capital gaii\s and losses — assets held more than 6 months 



S. .. 



Total long-term gross sales price. . 



6. Enter the full amount of your share of net long-term gain (or loss) from partnerships and fiduciaries . 

7. Capital gain dividends 

8. Net long-term gain (or loss) from lines 5, 6, and 7 



9. Combine the amounts shown on lines 4 and 8, and enter the net gain (or loss) here 

10a. I£ line 9 shows a GAIN — Enter 50% of line 8 or 50% of line 9, whichever is smaller. (Enter zero if there is a 

loss or no entry on line 8.) (See reverse side for computation of alternative tax) 

b. Subtract line 10a horn line 9 

11. If line 9 shows a LOSS — Enter here the smallest of the following: (a) the amount on line 9; (b) taxable income 

computed without regard to capital gains and losses and the deduction for exemptions; or (c) $1,(X30 • 

Part II— PROPERTY OTHER THAN CAPITAL ASSETS 



1. Kind of property 0' necessary, attach state- 
ment of descriptive details not shown below) 


b. Date acquired 
(mo., day, yi.) 


c. Date sold 
(mo., day, yi.) 


d. Gross sales price 
(oonttact price) 


e. Depreciation 

allowed (or 

allowable) since 

acquisition or 

March 1, 1913 

(attach schedule) 


f. Cost or other basis, 

cost of subsequent 

Improvements (it not 

purchased, attach 

explanation) and 

expense of sale 


g. Gain or loss 
(d plus e less f) 


12 




















































































13. Enter your share of non-capital gain for lossi from Dartnershios 


and fiduciaries 




14. Net gain (or loss) from lines 12 and 


13 




• 





Port III— TOTAL GAINS OR LOSSES FROM SALE OR EXCHANGE OF PROPERTY 



15. Net gain (or loss) from either line 10b or 1 1 

16. Net gain (or loss) from line 14 

17. Total net gain (or loss), combine lines IS and 16. Enter here and on line 7, page I of Form 1040 



c70— 16 — 77171-1 



200 



FACSIMILES OF TAX RETURNS, 1962 



Schedule D (Form 1040) 1962 



Page 2 



COMPUTATION OF ALTERNATIVE TAX 

It will usually be to your advantage to use the alternative tax if the net long-term capital gain exceeds the net short-term capital loss, or if there 
I a net long-term capital gain only, and you are filing (a) a separate return with taxable income exceeding $18,000, or (b) o joint return, or as 
surviving husband or wife, with taxable income exceeding $36,000, or (c) as a head of household with taxable income exceeding $24,000. 



1. Enter the amount from line 1 1 d, page 1 of Form 1040 

2o Enter amount from line 10a on reverse side 

3. Subtract line 2 from line 1 

4. Enter tax on amount on line 3 (use applicable tax rate schedule on page 9 of Form 1040 instructions) 

5. Enter 50% of line 2 

6. Alternative tax (add lines 4 and 5). If smaller than the tax figured on the amount on line 1 Id, page 1 of Form 

1040, enter this alternative tax on line 12, page 1 of Form 1040 



INSTRUCTIONS — (References axe to the Internol Revenue Code) 



GAINS AND LOSSES FROM SALES OR EXCHANGES OF 
PROPERTY. — Report details in schedule on other side. 

"Capital assets" defined. — The term "capital assets" means 
property held by the taxpayer (whether or not connected with his 
trade or business) but does NOT include— 

(a) stock in trade or other property of a kind properly includible 
in his inventory if on hand ot the close of the taxable year; 

(b) property held by the taxpayer primarily for sale to cus- 
tomers in the ordinary course of his trade or business; 

(c) property used in the trade or business of a character which 
is subject to the allowance lor depreciation provided in 
section 167; 

(d) real property used in the trade or business of the taxpayer; 

(e) certain goverrunent obligations issued on or after March 1, 
1941, at a discount, payable without interest and maturing 
at a fixed date not exceeding one year froir date ol issue; 

(f) certain copyrights, literary, musical, o: artistic composi- 
tions, etc.; or 

(g) accounts and notes receivable acquired in the ordinary 
course of trade or business (or services rendered or Iron 
the sale of property referred to in (a) or (b) above. 

Special rules apply to dealers in securities for determining capital 
gain or ordinary loss on the sale or exchange of securities. Certain 
real property subdivided for sale may be treated as capital assets. 
Sections 1236 and 1237. 

If the total distributions to which an employee is entitled under 
an employees' pension, bonus, or profit-sharing trust plan, which is 
exempt from tax under section 501(a), are paid to the employee in 
one taxable year, on account of the employee's separation from 
service, the aggregate amount of such distribution, to the extent it 
exceeds the amounts contributed by the employee, shall be treated 
OS a long-term capital gain. (See section 402(a)). 

Gain on sale of depreciable property between husband and wife 
or between a shareholder and a "controlled corporahon" shall be 
treated as ordinary gain. 

Gains and losses from transactions described in section 1231 
(see below) shall be treated as gains and losses from the sale or 
exchange of capital assets held lor more than 6 months if the total 
of these gains exceeds the total of these losses. II the total of these 
gains does not exceed the total of these losses, such gains and losses 
shall not be treated as gains and losses from the sale or exchange 
ol capital assets. Thus, in the event of a net gain, all these trans- 
actions should be entered in Part I of Schedule D. In the event of 
a net loss, all these transactions should be entered in Part II of 
Schedule D, or in other applicable schedules on Form 1040. 

Section 1231 deals with gains and losses arising from — 

(a) sale, exchange, or involuntary conversion, of land (includ- 
ing in certain cases unharvested crops sold with the land) 

(Instzuctions continued on 



and depreciable property if they are used in the trade or 
business and held for more than 6 months, 

(b) sale, exchange, or involuntary conversion of livestock held 
for draft, breeding, or dairy purposes (but not including 
poultry) ar\d held for 1 year or more, 

(c) the cutting of timber or the disposal of timber or coal to 
which section 631 applies, and 

(d) the involuntary conversion of capital assets held more than 
6 months. 

See sections 1231 and 631 for specific conditions applicable. 

Basis. — In determining gain or loss in case of property acquired 
after February 28, 1913, use cost, except as specially provided. 
The basis of property acquired by gilt after December 31, 1920. is 
the cost or other basis to the donor in the event ol gain, but, in the 
event ol loss, it is the lower of either such donor's basis or the fair 
market value on date of gift. If a gill tax was paid with respect 
to property received by gilt, see section 1015(d). Generally, the 
basis of property acquired by inheritance is the fair market value 
ot the date ol death. For special cases involving property acquired 
from a decedent, see section 1014. In the case ol sales and ex- 
changes ol automobiles and other property not used in your trade 
or business, or not used lor the production of income, the basis for 
determining gain is the original cost plus the cost ol permanent im- 
provements thereto. No losses are recognized lor income tax pur- 
poses on the sale and exchange of such properties. 

Sale of a personal residence — General rule. — You must 
report any gains from the sale or exchange of your residence or 
other nonbusiness property, but you may not claim any loss from 
the sale of a home or other asset which was not held for the purpose 
of producing income. Your gain is the difference between (1) the 
sales price and (2) your original cost plus the cost of permanent 
improvements. If depreciation was allowed or allowable during 
ony period because you rented the house or used part ol it lor 
business purposes, the original cost must be reduced by the amount 
oi depreciation which was allowed or allowable. 

Special Rule — Deferring gain when buying new residence. — 

You may defer being taxed on the gain from the sole of your princi- 
pal residence until the final disposition of the property if all ol the 
following conditions apply: 

(a) You sell or exchange your principal residence at a gain, 

(b) Within 1 year after (or before) the sale, you purchase 
another residence and use it as your principal residence, 

(c) The cost of the new residence equals or exceeds the adjusted 
sales price of the old residence. 

If, instead of purchasing another residence, you begin construc- 
tion of a new residence (either 1 year before or within 1 year after 
the sale of your old residence) and use it as your principal residence 
not later than 18 months after the sale, the gain on the sale may 
be delerred until the linal disposition ol the property it your costs 

leverse side of duplicate) o7o— lo- -77171-1 



FACSIMILES OF TAX RETURNS, 1962 



201 



SCHEDULE D 

(Form 1040) 


U.S. Treasury Department— Internal Revenue Service 

GAINS AND LOSSES FROM SALES OR EXCHANGES OF PROPERTY 

Attach this schedule to your income tax return, Form 1040 


1962 


Name and address as shown on page 1 of Form 1040 


Your Social Security Numbor 



Part I— CAPITAL ASSETS 



Short-term capital gains and losses 


— assets held not more than 6 months 




a. Kind of property (if necessary, attach state- 
ment of descriptive details not shown below) 


b. Date acquired 
(mo., day, yr.) 


c. Date sold 
(mo., day, yr.) 


d. Gross sales price 
(contract price) 


e. Depreciation 

allowed (or 

allowable) since 

acquisition or 

March 1, 1913 

(attach schedule) 


f. Cost or other basis, 
cost ot subseauent 

improvements (if not 
purchased, attach 
explanation) and 
expense of sale 


g. Gain or loss 
(d plus less 


X. 














































































2. Enter your share of net short-term gain (or loss) horn partnerships 

3. Enter unused capital loss carryover from 5 preceding taxable ve 








ars (Attach state 


meni) 




4. Net short-term gain (or loss) from line 


s 1, 2, and 3. . 




• 





Long-term capital gains and losses — assets held more than 6 months 




5. 


























































































































Total long-term gross sales price. . 










6. Enter the full amount of your share of net long-term gain (or loss) 


from partnershiDS 








7. Capitol gain dividends 




8. Net long-term gain (or loss) from lines 5, 6, and 7 « 




§. Combine the amounts showm on lines 4 and 8, and enter the net gain (or loss) her 

10a. If line 9 shows a GAIN— Enter 50% of line 8 or 50% of line 9, whichever is s 

loss or no entry on line 8.) (See reverse side for computation of alternative 

b. Subtract line 10a from line 9 


e 




mailer. (Enter zero if there is a 
tax) 








11. If line 9 shows a LOSS — Enter here the smallest of the foUovring: (a) the amount on line 9; (b) taxable income 
computed without regard to capital gains and losses and the deduction for exemptions; or (c) $1,000 a 





Pari II— PROPERTY OTHER THAN CAPITAL ASSETS 






a. Kind of property (if necessary, attach state- 
ment of descriptive details not shown below) 


b. Date acquired 
(mo., day, yr.) 


c. Date sold 
(mo., day, yr.) 


d. Gross sales price 
(contract price) 


e. Depreclailon 

allowed (.or 

allowable) since 

acquisition or 

March 1. 1913 

(attach schedule) 


t. Cost or other basis, 

cost ol subsequent 

Improvements (if not 

purchased, attach 

explanation) and 

expense of sale 


g. Gain or loss 
(d plus e less f) 


12. 




















































































13. Enter your share of non-capital gain (or loss) from partnerships 


and fiduciaries 




14. Net gain (or loss) from lines 12 and 


13 




• 





Port III— TOTAL GAINS OR LOSSES FROM SALE OR EXCHANGE OF PROPERTY 



15. Net gain (or loss) from either line 1 Ob or 1 1 

16. Net gain (or loss) from line 1 4 

17. Total net gain (or loss), combine Lines 15 and 16. Enter here and on line 7, page 1 of Form 1040 . 



n70—1r.— 77171-1 



202 



FACSIMILES OF TAX RETURNS, 1962 



Schedule D (Form 1040) 1962 



Page 2 



COMPUTATION OF ALTERNATIVE TA;X 

It will usually be lo your advantage to use the alternative tax if the net long-term capital gain exceeds the net sho-f-term capital loss, or il there 
Is a net long-term capital gain only, and you are filing (a) a separate return with taxable income exceeding $18,003, o/ (b) a joint return, or as 
Q surviving husband or wife, with taxable income exceeding $36,000, or (c) as a head of household with taxable income exceeding $24,000 



1. Enter the amount from line 1 Id, page 1 of Form 1040 

2. Enter amount from line 10a on reverse side 

3. Subtract line 2 from line 1 

4. Enter tax on amount on line 3 (use applicable tax rate schedule on page 9 of Form 1040 instructions) 

8. Enter 50% of line 2 

6. Alternative tax (add lines 4 and 5). If smaller than the tax figured on the amount on line lid, page 1 of Form | 

1040, enter this alternative tax on line 1 2, page 1 of Form 1040 



attributable to construction during, plus the cost of land acquired 
within, the period beginning 1 year before the sale and ending 
18 months after the sale equals or exceeds the adjusted sales price 
of the old residence. If the adjusted sales price of your old resi- 
dence exceeds the cost of your new residence, the gain on the sale 
Is taxable to the extent of such excess. 

The adjusted sale price is the gross selling price less commissions, 
selling expenses, and the expenses for work performed on the 
residence in order to assist in its sale, such as redecorating ex- 
penses. Redecorating expenses must be for work performed 
during the 90-day period ending on the day on which a contract 
to sell is entered into, and must be pcfid no later than 30 days 
after date of sale. 

If you have acquired your new residence and used It as your 
principal residence, enter in column (g) only the amount of taxable 
gain, if any, and attach statement showing the purchase price, 
date of purchase, and date ol occupancy. 

If you have decided to replace, but have not done so, or if you 
are undecided, you should enter "None" in column (g). When you 
do replace within the required period, you must advise the District 
Director, giving full details. When you decide not to replace, or 
the period has passed, you must file an amended return, il you 
previously filed a return. Since any additional tax due will bear 
Interest from the due date ol the original return until paid, it is 
advisable to tile the amended return lor the year of sale as promptly 
as possible. Form 2119 is available at any Internal Revenue 
Service office for reporting the sale or exchange of your residence 
or for figuring your new basis. 

Losses or\ securitiea becoming woriKless. — If (a) shares of 
slock become worthless during the year or (b) corporate securities 
vrith interest coupons or in registered form become worthless during 
the -year, and are capital assets, the loss therefrom shall be con- 
sidered as from the sale or exchange of capital assets as of the last 
day of such taxable year. 

Losses on small business stock. — If you had a loss on section 
1244 stock which would (but for that section) be treated as a loss 
from the sale or exchange of a capital asset, it shall be treated 
as a loss from the sale or exchange of an asset which is not a 
capital asset to the extent provided in that section. 

Nonbusiness debts. — If a debt, such as a personal loan, becomes 
totally worthless within the taxable year, the loss resulting therefrom 
shall be considered a loss from the sale or exchange, during the 
taxable year, of a capital asset held for not more than 6 months. 
Enter such loss in column (g) and describe in column (a) in the 
schedule of short-term capital gains and losses on other side. This 



INSTRUCTIONS (Continued from reverse side of original) 

does not apply to: (a) a debt evidenced by a corporate security witli 
interest coupons or in registered form and (b) a debt acquired in 
your trade or business. 



Limitation on allowrable capital losses. — If line 9 shows a 
net loss, the loss shall be allowed as a deduction, only to llie extent 
of the smaller of (1) taxable income of the current year (or adjusted 
gross income if tax table is used) or (2) $1,000. For this purpose 
taxable income is computed without regard to capital gains or 
losses or the deduction for exemptions. The excess ol such allow- 
able loss over the lesser of items (1) and (2) above is called "capital 
loss carryover." The capital loss carryover of each year should 
be kept separate, since the law limits the use ol such carryover to 
the five succeeding years. In offsetting your capital gain and 
income of 1962 by prior year loss carryovers, use any capital loss 
carryover from 1957 before using any such carryover from 1958 
or subsequent years. Any 1957 carryover which cannot be used 
in 1962 must be excluded in determining total loss carryover to 
1963 and subsequent years. 

"Wash sales" losses. — Losses from the sale or other disposition 
of stocks or securities are not deductible (unless sustained in con- 
nection vrith the taxpayer's trade or busmess) if. within 30 days 
before or after the date of sale or other disposition, the taxpayer 
has acquired (by purchase or by an exchange upon which the 
entire amount of gain or loss was recognized by law), or has entered 
into a contract or option to acquire, substantially identical stock 
or securities. 

Losses in transactions between certain persons. — No deduc- 
tion is allowable for losses from sales or exchanges ol property 
directly or indirectly between (a) members of a family, (b) a cor- 
poration and an individual (or a fiduciary) owning more than 50 
percent of the corporation's stock (hquidations excepted), (c) a 
grantor and fiduciary ol any trust, (d) a fiduciary and a beneliciary 
of the same trust, (e) a fiduciary and a fiduciary or beneficiary ol 
another trust created by the same grantor, or (I) an individual and 
a tax-exempt organization controlled by the individual or his 
family. Partners and partnerships see Section 707(b). 

Long-term capital gains from regulated investment com* 
ponies. — Include in income as a long-term copilal gain the amount 
you are notified on Form 2439 which constitutes your share of the 
undistributed capital gains of a regulated investment company. 
You are entitled to a credit of 25 percent ol this amount which should 
be claimed on line 1, page 1, Form 1040. Enter such amount 
in column (b) and write "Credit from regulated investment com- 
pany" in the "Where employed" column. The remaining 75 
percent should be added to the basis of your stock. 



U.S. OOVERNIieNT f 



o70— 1ft— 77171-1 



FACSIMILES OF TAX RETURNS, 1962 



203 



SCHEDULE F 

(Form 1040) 

U.S. Treasury Department 
Internal Revenue Service 


SCHEDULE OF FARM INCOME AND EXPENSES 

(Compute social security self-employment tax on Schedule F-1 (Form 1040)) 

Attach this schedule to your income tax return, Form 1040 


1962 


Name and address as shown on Form 1040. 


Your Social Securiiy Number 



Business name and address 

Location of farm(s) and number of acres in each farm . 



Employer identification ] 



FARM INCOME FOR TAXABLE YEAR— CASH RECEIPTS AND DISBURSEMENTS METHOD 



PART I. Report receipts trom sale of livestock held primarily for 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 MARKET LIVESTOCK AND PRODUCE RAISED AND HELD PRIMARILY FOR SALE 1 


OTHER FARM INCOME 


Kind 


Quantity 


1. Amount 


Kind 


Quantity 


2. Amount 


Items 


3. Amount 


Cattle 




$ - 


Eggs 




$ 


Mdse. rec'd for produce 

Machine work 


$ 




Meat products . . . 
Poultry, dressed. . 


























Wool 










Poultry 






















Sirup and sugar. 
Other (specify): 






Patronage dividends, rebates 
















Hoy 










Agricultural program pay- 
ments 

Other (specify): 






























Vegetables. . . . 




























Dairy products. 
Total of c 
















olumns 1 


, 2, and 3. Ent 


^r here and on line 


1 of Part 


IV below 


$ 



PART II. 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) 






$ 


$ 


$ 










































Totals (enter amount from column e, on line 2 of Part IV below) . . . 




$ 


$ 


$ 


PART III. FARM EXPENSES FOR TAXABLE YEAR (see iiutenctioiu) 

(Do not include personal or living expenses or expenses not attributable to production of farm income, such as taxes, insurance, repairs, etc., on your dwelling) 



Labor hired 

Repairs, maintenance. . 

Interest 

Feed purchased 

Seed, plants purchased 

Fertilizers, lime 

Machine hire 

Supplies purchased. . . . 
Breeding fees 



Veterinary, medicine. .. $ _ — Other (specify): 

Gasoline, fuel, oil 

Storage, warehousing. . 

Taxes 

Insurance 

Utilities 

Rent of farm, pasture. . . 

Freight, trucking 

Conservation expenses. 

Total of columns 1, 2, and 3. Enter here and on line 4 of Part IV below (cash method) or line 6, Part VII 
(accrual method) 



PART IV. 



SUMMARY OF INCOME AND DEDDCTIONS— CASH RECEIPTS AND DISBURSEMENTS METHOD 



1. Sale of livestock and prcxluce raised 


$ 




A. Farm expenses (from Part III) 


$ 








2. Profit (or loss) on sole 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) (subtract line 7 from line 3) . Enter here one 


i on line 8, page 1 , Form 1040. Make your 


$ 






^ 


' 







"Use this amount for optional method of compuhnq net earnings from seli-employment. (See line 3, Schedule F-1 (Fo 



c59 — 16—77169-1 



-:f,i-TAA O-r^'i—ia 



204 



FACSIMILES OF TAX RETURNS, 1962 



Schedule F (Form 1040) 1962 



Page 2 



PART V. DEPRECIATION (see uutzncliaiu) (Do not include property you and your family occupy as a dwelling, its furnishings, and other items used for personal purposes) 

This schedule is designed for taxpayers using the new guideline lives and administrative procedures described in Revenue Procedure 
62-21 as well as for those taxpayers who wish to continue using previously authorized procedures. Where double headings appear 

use the first heading for the new procedure and^the second he ading for the ol der procedure . 

Asset additions 



1. Group and guideline class 



OR 



Description of property 



OR 



Cost or other basis 



in year (amount) 

OR 

Date acquired 



4. Asset retirements 
in year (amount) 

(applicable only to 
Rev. Proc. 62-21) 



5. Depreciation 

allowed or allowable 

in prior years 



6. Method 
of 



. Class 
life 
OR - 



8. Depreciation for 
this year 



Total cost or other basis. 



1. Total depreciation (enter on line 5 of Part IV (cash method) or line 7, Port VII (accrual meth od)) . 

2. Amount of additional first-year depreciation included above I 

3. Cost or other basis of fully depreciated assets still in use I 



PART VI. FARM INCOME TOR TAXABLE YEAR— ACCRUAL METHOD 

(Do not include sales of livestock held for draft, breedmg, or dairy purposes, report such sales on Schedule D (Form 1040), and omit them from "On hand at beginning of year" column) 



Description 

(Kind of livestock, crops. 

Of other products) 


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 






$ 




$ 








$ 




$ 








































































































































































































Totals (enter here and in 
Part VII below) 


$ 

(Enter on line 3) 


$ 

(Enter on line 4) 








$ 




$ 


(Enteron line 1(b)) 


(Enter on line 1(a)) 



SUMMARY OF 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): 



Total of line 1 (c) 

Total 

Inventory of livestock, crops, and prod- 
ucts at beginning of year 

Cost of livestock and products purchased 
during year 



5. Gross profits (subtract the sum of lines 3 and 4 from line 2) * 



6. Farm expenses (from Part III) 

7 . Depreciation (from Part V) 

8. Other farm deductions 
(specify): 



Total of line 8. . . 
9. Total deductions . 



10. Net farm profit (or loss) (subtract line 9 from line 5) . Enter here and on line 8, page 1 , Form 1 040. 
computation of self -employment income and the self employment tax on Schedule F-1 



Make your 



* Use this amounl tor optional method of computing net earnings (r 



elf-employraent. (See line 3. Schedule F-1 (Fo 



o69— 16~7716»-l 



FACSIMILES OF TAX RETURNS, 1962 



205 



SCHEDULE F-1 
(Form 1040) 



COMPUTATION OF SOCIAL SECURITY SELF-EMPLOYMENT TAX 
ON FARM EARNINGS (For social security) 

(See instructions — page 2) 



1962 



► If you had wages of $4,800 or more which were subject to social security taxes, do not fill ii this page. 

► Each self-employed person must file a separate schedule. See instructions, page 2, for joint returns and partnerships. 

► If you had net earnings from self-employment from both farm and nonfarm sources, fill in only lines I and 2 (line 3, if applicable), and 

use separate Schedule C-3 to compute your self-employment tax. Net farm earnings from self-employment should be entered on 
line 5(d) of separate Schedule C-3 (Form 1040). 

NAME AND ADDRESS (as shown on page 1, Form 1040) 



NAME or SELF-EMPLOYED PERSON (as shown On Social security card) 



r Social Security Number 



CHOICE OF METHODS. — A farmer must report his net farm earnings for self-employment tax purposes. Net earnings may be com- 
puted under the optional method (line 3, below) by a farmer (1) whose GROSS profits are $1,800 or less, or (2) whose GROSS profits 
are more than $1,800 and NET profits are less than $1,200. If your GROSS profits from farming are not more than $1,800 and 
you elect to use the optional method, you need not complete lines 1 and 2. 



Computation Under Regular Method 

1 . Net farm profit (or loss) from: 

(a) Line 8, page I, Schedule F (cash method), or line 10, page 2 (accrual method) 

(b) Farm partnerships 

2. Net earnings from self-employment from farming. Add lines 1 (a) and (b) 

Computation Under Optional Method 

3. If gross profits from farming are:* (a) Not more than $1,800, enter two-thirds of the gross profits. 

(b) More than $1,800 and the net farm profit is less than $1,200, enter $1,200 



profits from fanning are the total of the gross profits on hne 3. Pari IV (cash method), or line 5, Part VII of 
sthod), plus the distributive share of gross profit from farm partnerships as explained on page 2. 



If line 2 (or line 3, if you choose the optional method) is under $4(X), do not fill in rest of page 



Computation of Social Security Self -Employment Tax 

The largest amount of combined wages and self-employment earnings subject to 
social security tax is 

Total wages, covered by social security, paid to you during the taxable year. (For 
"Covered" wages see "F.l.C.A. Wages" box on Form W-2.) Enter here and in 
item G of Schedule SE below 

Balance (line 4 less hne 5) 



00 



7. Self-employment income. Enter here and in item H of Schedule SE below your choice of EITHER: 

(a) REGULAR METHOD.— The smaller of line 2 or 6 

(b) OPTIONAL METHOD.— The smaller of line 3 or 6 

8. Self-employment tax — if line 7 is $4,800, enter $225.60; if less, multiply the amount on line 7 by 4.7% 

Enter this amount here and on line 1 3, page 1 , Form 1 040 



Do not detach 



059 — 16—7716! 



Important. — The amounts reported on the form below are for your social security account. This account is used in figuring 
any benefits, based on your earnings, payable to you, your dependents, and your survivor.s. Fill in each item 
accurately and completely. 



SCHEDULE SE (Form 1040) 
U.S. Tredsnxy Department 
Internal Revenue Service 



U.S. REPORT OF SELF-EMPLOYMENT INCOME 

For crediting to your social security account 



1962 



! received only in part of year) ; 
_1962, ending 



Indicate year covered by this return (even though i 
Calendar year 1962Q or other taxable year beginning- 
■ If less than 12 months, was short year dueto (a) Q Death, or (b) Q Change in accounting period. 
(c)D Other. 



FARM ACTIVITIES SUBJECT TO SELF-EMPLOYMENT TAX (Raising livestock, custom harvesting, etc.) 



FARM ADDRESS (rural route, post ofHce, State) 



SOCIAL SECURITY ACCOUNT 
D. NUMBER OF PERSON NAMED 
IN ITEM E BELOW 



PRINT OR TYPE NAME OF SELF-EMPLOYED PERSON AS SHOV/N ON SOCIAL SECURITY CARD 



PRINT Oi TYPE HOME ADDRESS (number and street, 



(City or town, postal zone number. State) 



PLEASE DO NOT WRITE IN THIS SPACE 



CHECK HERE IF YOU USE 
OPTIONAL METHOD 



.D 



ENTER AMOUNT FROM 
r. LINE 2 (LINE 3 

IF OPTION USED)... $ 



ENTER AMOUNT 
6. FROM LINE 5. 
IF ANY 



ENTER AMOUNT 
H.FROM 

LINE 7 

c59— 16— 77169-1 



206 



FACSIMILES OF TAX RETURNS. 1962 



Page 2 



SOCIAL SECURITY SELF-EMPLOYMENT TAX INSTRUCTIONS 



Individuals deriving income from farming operations are 
subject to self-employment tax. See page 1 of this form for com- 
putation of earnings from self-employment and self-employment 
tax. This tax must be paid regardless of age and even though 
the individual is receiving social security benefits. 

Optional method for computing net earnings from self- 
employment from farming. — If a farmer's gross profits for 
the year from farming are not more than $1,800, he may report 
two-thirds ot his gross farm income instead of his actual net 
earnings from farming. If his gross profits from farm self-employ- 
ment are more than $1,800 and his actual net earnings from 
farming are less than $1,200, he may report $1,200. For the 
purpose of the optional method, a partner should compute his 
share of gross profits from a farm partnership in accordance 
v^ith the partnership agreement. In the case of guaranteed 
payments, his share ot the partnership's gross profits is his guar- 
anteed payments plus his share of the gross profits after such 
gross profits are reduced by all guaranteed payments of the 
partnership. 

SHARE-FARMING ARRANGEMENTS 

An individual vfho undertakes to produce a crop or livestock 
on land belonging to another for a proportionate share of the 
crop or livestock produced, or the proceeds thereof, is con- 
sidered to be an independent contractor and a self-employed 
person rather than an employee. His net earnings should be 
reported on Schedules F and F-1 (Form 1040) for income tax and 
self-employment tax purposes. 

Farm rentals. — Rental income from a farm counts for social 
security purposes if the arrangement provides for material 
participation by the landlord and he does participate materially 
in the production of the crop or livestock or in the management 
of the production of one or more farm products. Such rental 
income is farm earnings and should be reported on page I or 2 
of Schedule F. "Material participation" means the taking of 
an important part in the actual production or in the making of 
management decisions. If there v/as no material participation, 
report such rental income in Part IV of Schedule B (Form 1040). 

MORE THAN ONE TRADE OR BUSINESS 

If an individual is engaged in farming and in one or more 
other trades or businesses, his net earnings from self-employment 
are the combined net earnings from self-employment of all his 
trades or businesses. Thus, the loss sustained in one trade or 
business will operate to reduce the income derived from another 
trade or business. In such cases, use both Schedule F (Form 
1040) and Schedule C (Form 1040) to determine net profit from 
the farm and nonfarm activities, respectively. Make the com- 
bined computation of self-employment tax on page 1 of Sched- 
ule C-3 (Form 1040). Fill in Schedule F-I (Form 1040) through 
line 3. 

~ JOINT RETURNS 

Where husband and wife file a joint income tax return, 
page 1 of this Schedule should show the name of the one with 
self-employment income from farming. Where husband and 
wife each had self -employment income, a separate Schedule F-1, 
or a separate Schedule C-3, whichever is appropriate, must be 
filed by each. However, the total of the amounts shown as 
profit (or loss) from all businesses should, for income tax pur- 
poses, be reported on line 6 or 8, on page I, Form 1040, and 
the combined self-employment tax should be entered on line 13, 
page 1, of Form 1040. 

COMMUNITY INCOME 

For the purpose of computing net earnings from self-employ- 
ment (but not for income tax), if any of the income from a trade 
or business is community income, all the income from such 
trade or business is considered the income of the husband unless 
the wife exercises substantially all the management and con- 
trol of the trade or business, in which case all of such income 
is considered the income of the wife. (Also see instructions on 
partnerships which follow.) 



If separate income tax returns are filed by husband and 
wife, Schedules F and F-1 or Schedules C and C-3, whichever 
are appropriate, must be attached to the return of the one with 
self-employment income. Community income included on such a 
schedule must, however, be allocated, for income tax purposes 
between the two returns (on line 6 or line 8, page 1, Form 1040) 
on the basis of the community property laws. 

PARTNERSHIPS 

In computing his combined net earnings from self-employment, 
a partner should include his entire share of such earnings from 
a partnership including any guaranteed payments. No part of 
that share may be allocated to the partner's wife (or husband) 
even though the income may, under State law, be community 
income. However, in the case of a husband and wife farm 
partnership, like other partnerships, the distributive share of 
each must be entered as partnership income in Part V of Sched- 
ule B for income tax purposes, and on line 1(b), page 1, of 
separate Schedule F-1 for self-employment tax purposes. (Use 
separate Schedule C-3, to report nonfarm income for social 
security purposes.) 

Note: If a member of a continuing partnership dies, a por- 
tion of the deceased partner's distributive share of the partner- 
ship's ordinary income (or loss) for the taxable year of the 
partnership in which he died must be included in the partner's 
net earnings from self-employment. In such cases consult your 
nearest Internal Revenue Service office as to how to report. 

EXCLUSIONS FROM SELF-EMPLOYMENT 

In determining the amount of net farm earnings from self- 
employment the following items should be excluded: 

Real estate rentals. — Rentals from real estate, including any 
personal property that is leased with the land. This includes rent- 
als received in cash or crop shares. These amounts should be re- 
ported in Part IV of Schedule B. See, however, "Farm Rentals" 
under "Share-Farming Arrangements" on this page. 

Property gains and losses. — Gains and losses from the sole, 
exchange, or involuntary conversion of capital assets and 
other property which is not held primarily for sale to customers. 
These amounts should be reported on separate Schedule D 
(Form 1040). 

Net operating losses. — In determining the net earnings 
from self-employment, no deduction for net operating losses of 
other years shall be allowed. Such deduction should be entered 
on line 3, Part V of Schedule B. 

Other items.^Any other item of income or expense which 
was included in line 2 and which doec not enter into the com- 
putation of net farm earnings from self-employment should be 
eliminated from line 2 and an explanation attached. 

SCHEDULE SE (FORM 1040) 

Schedule SE, which is the lower portion of page 1 of Sched- 
ule F-1, provides the Social Security Administration with the in- 
formation on self-employment income necessary for computing 
benefits under the social security program. 

To assure proper credit to your account, enter your name 
and social security account number on Schedule SE (Form 1040) 
exactly as they are shown on your social security card. If you 
do not have a social security account number, you must get one. 
These account numbers are obtainable from any Social Security 
district office. Your local post office will give you the address. 
Do not delay filing your return beyond its due date. 

Regardless of whether joint or separate returns are filed 
by husband and wife, Schedule SE (Form 1040) must 
show only the name of the one with self-employment 
income. However, if both had self-employment income, 
a separate Schedule SE must be filed by each. 

C69— 16 77169-1 U.S. OOVEPKMtNT PRINTING OFfrCE 



FACSIMILES OF TAX RETURNS, 1962 



207 



U.S. Treasury Department-Internal Rev 



INSTRUCTIONS FOR SCHEDULE F (FORM 1040)— 1962 

The term "farm" does not include the cultivating or operating of a farm for recreation or pleasure, 
the result of which is a continual loss from year to year. 



CASH RECEIPTS AND DISBURSEMENTS METHOD 

A farmer using the cash receipts and disbursements method shall 
include in his income for the taxable year (1) the amount of cash and 
the value of merchandise 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) income received from all 
other sources. Farm expenses will be the actual amounts paid out 
during the taxable year plus deductions such as depreciation, deple- 
tion, 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. 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 inven- 
tories may value their inventories according to the "farm-price 
method," in addition to other methods, which provides for the valua- 
tion 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." 

INCOME 

All farm income from whatever source must be reported in Schedule 
F or in Schedule D (Form 1040). Anything of value received instead 
of cosh, 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. 

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 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. 

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 received. 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 established to the 
contrary. However, any revolving fund certificate, retain certificate, 
letter of advice, or similar document, which is payable only in the 
discretion of the cooperative association, or which is otherwise sub- 
ject to conditions beyond your control, ore to be included in income 
only in the year cosh or other property becomes subject to payment 
on demand, regardless of your accounting method. Dividends re- 
ceived on purchases of capital assets or depreciable property used 
in farming ore not included in income, but the purchase price of 
such items must be reduced accordingly. Dividends you receive on 
nonbusiness purchases are no* included in income. 

Report gains and losses from sales, exchanges, or involuntary con- 
versions of capital assets and other property in separate Schedule D 
(Form 1040). 

EXPENSES AND OTHER DEDUCTIONS 

In general, a farmer 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 invest- 
ment. Some of these expenses are: 

Labor hired. — Amounts paid for regular farm labor, piecework, 
contract labor, and other forms of hired 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 de- 
ducted. 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 sharecroppers 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. 

Repairs and maintenance. — Amounts expended for repairs and 
inaintenance of farm buildings (except your dwelling), of fences, 



drains, and other farm improvements, and for repairs and main- 
tenance of farm machinery and eguipment; cost of ordinary tools of 
short life or small cost such as shovels, rakes, etc. Amounts paid for 
replacements of, or additions to, farm machinery, farm buildings, or 
other farm equipment of a permanent nature are not deductible. 

Utilities. — The farm share of the expenditures for water rent, 
electricity, telephone, etc. Do not deduct personal expenses. 

Fertilizers and lime. — The cost of fertilizer, lime, or other materials 
used to enrich, neutralize, or condition land used in farming may be 
either capitalized or deducted as an expense. 

Supplies purchased. — Cost of twine, spray materials, poisons, 
disinfectants, cans, barrels, baskets, egg cases, bags, and other 
similar farm supplies purchased. 

Taxes. — State and local taxes. Do not deduct Federal income 
taxes; estate, inheritance, legacy, succession, and gift taxes; nor 
taxes assessed for any improvement or betterment. 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. 

Rent of farm, part of farm, or pasture. — Rent paid in cash. 
A tenant farmer paying rent to his landlord 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 expendi- 
tures made by such district) for soil or water conservation and the 
prevention of erosion if such expenditures are in respect of land used 
by you in your business of farming. 

The allowable deduction for any one year may not exceed 25 per- 
cent of your gross income from farming, but any excess may be carried 
over to succeeding years with the same limit applying to those years. 

To cloim 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, account books, and other office 
supplies purchased for farm use; expenditures for travel in connection 
with the farm; and similar expenditures. 

Depreciation. — Allowance for depreciation of buildings, improve- 
ments, machinery, or other farm equipment of a permanent nature. 
Similar assets may be grouped together as one item for reporting 
purposes in the depreciation schedule on Schedule F. In computing 
depreciation do not include the value of farm land or land on which 
farm buildings are located. Do not claim depreciation 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 sole. See page B-3 of the instructions for 
Form 1 040 for methods of computing depreciation. The depreciation 
instructions also discuss the new standards and procedures for use 
in determining depreciation under a recently issued revenue pro- 
cedure (Rev. Proc. 62-21). While not mandatory, the adoption of 
these procedures will, in most cases, prove to be to the taxpayer's 
advantage. 

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 core of by the reduced amount of the inventory 
at the end 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. 

Net operating loss deduction. — Any net operating loss deduction 
should be entered on line 3, Part V of Schedule B (Form 1040). See 
page B-3 of the instructions for Form 1040. 

Additional information available. — More information and illus- 
trative examples are contained in l.R.S. Publication No. 225, Farmer's 
Tax Guide. This booklet may be obtained free of charge from your 
county agricultural agent or any Internal Revenue Service Office. 



U.S. GOVERNMENT PRINTING OFFICE : 1962— 0-6468I 3 



208 FACSIMILES OF TAX RETURNS, 1962 



2948 



U.S. Treasury Department — Interr\al Revenue Service 

MEDICAL AND DENTAL EXPENSE STATEMENT 

(Attach this statement to youi income tax return or use it as a guide to 
prepare your own statement. See example on reverse side) 



1962 



This statement is for the use of taxpayers who ore entitled to a larqer deduction for medical and dental expenses paid for the 
persons listed in Group I below. The medical and dental expenses of persons in Group I do not have to be reduced by 3 percent of 
the taxpayer's total income (line 9, paqe 1, Form 1040) as is required for persons listed in Group II below. All persons are subject 
to the reduction of their medicine and druq expenses by 1 percent ot the taxpayer's total income. 

GROUP I GROUP II 

a. Taxpayer and wife if EITHER is 65 years of age or a. Taxpayer and wife if BOTH axe under 65 years of age, 
" ^^' b. Dependent parents, who are under 65 years of age, of 

b. Each 65-year-old (or over) dependent parent of the taxpayer or wife, 

taxpayer or his wife. ^ ^U ^^j^^j. jependente regardless of age. 

If all the persons for whom medical and dental expenses were paid are in Group II, use the simpler medical and dental expense 
schedule on paqe 2 of Form 1040. 

Note: Do not deduct any expenses for which you received reimbursement from insurance or other sources. 

Name of taxpayer claiminq the deduction — 

Name{s) of dependent parent(s) 65 years of aqe or over, if any 

MEDICINE AND DRUGS 
(Enter other medical and dental expenses in lines 7 and 10) 

1. Amount taxpayer paid for medicine and druqs for persons in Group I (see list above) $ _ 

2. Amount taxpayer paid for medicine and druqs for persons in Group II (see list above) 

3. Line 1 plus line 2 

4. 1 % of line 9, page 1, Form 1040 

5. Excess, if any, of line 3 over line 4 $ 



MEDICAL AND DENTAL EXPENSES FOR PERSONS IN GROUP I 

Portion of medicine and drugs for persons in Group I: 

(a) If line I or 5 is zero, enter zero; 

(b) It line 2 is zero, enter amount on line 5; or 

(c) In all other cases, multiply the amount on line 1 by the amount on line 5, divide the answer by the 

amount on line 3, and enter the result 



7. Amount taxpayer paid for medical and dental expenses (other than medicine and drugs) for persons in 

Group I 

8. Medical and dental expenses for persons in Group I. (Line 6 plus line 7) 

MEDICAL AND DENTAL EXPENSES FOR PERSONS IN GROUP II 

9> Portion of medicine and drugs for persons in Group II. Amount on line 5 less the 

amount on line 6 $.. 

10< Amount taxpayer paid for medical and dental expenses (other than medicine and 

drugs) for persons in Group II 



H»_ Line 9 plus Une 10 

12. 3% of line 9, page 1, Form 1040 

13. Medical and dental expenses for persons in Group II. Excess, if any, of line 11 over line 12 

TOTAL DEDUCTION FOR MEDICAL AND DENTAL EXPENSES 

14. Line 8 plus line 13. Enter here and on line 7 of the medical and dental expense schedule on page 2 of 

Form 1040 (See "Maximum Limitations" below) 



MAXIMUM LIMITATIONS 

A. The amount on line 14 may not exceed $5,000 multiplied by the number of persons for whom exemptions were claimed on the 
individual income tax return. (If taxpayer or wife is 65 or over and in addition is disabled, see "B.") The deduction is further 
limited by the following amounts: 

(1) $10,000 if the taxpayer is single and not a head of household or a widow or widower entitled to the special tax rotes, 

(2) $10,000 if the taxpayer is married but files a separate return, 

(3) $20,000 if the taxpayer files a joint return, is a head of household, or is a widow or widower entitled to the special tax rates. 

B. If the taxpayer (or his wife) is 65 years of age or over and in addition is disabled, he may qualify for an increased maximum 
limitation. For this purpose disabled means that any individual is unable to enqage in any substantial gainful activity by reason 
of any medically determinable physical or mental impairment which can be expected to result in death or to be of long-continued 
and indefinite duration. For further information, consult your nearest Internal Revenue Service office. 



FACSIMILES OF TAX RETURNS, 1962 209 

EXAMPLE FOR COMPLETING STATEMENT ON REVERSE SIDE. 

A taxpayer with $10,000 total income (line 9, page 1, Form 1040) files a joint return with his wife. The taxpayer is 67 years old, 
his wife is 64, and they have a dependent 20 years old. Taxpayer and his wife paid $180 for medicine and drugs and $1,000 for 
medical and dental expenses for themselves. In addition, they paid for the dependent $140 for medicine and drugs, and $100 for 
medical and dental expenses. The taxpayer and his wife would both be in Group I. The statement should be completed as follows: 

MEDICINE AND DRUGS 

1. Amount taxpayer paid for medicine and drugs for persons in Group I .' $180.00 

2. Amount taxpayer paid for medicine and drugs for persons in Group II 140.00 

3. Line 1 plus line 2 320.00 

4. 1% of hne 9, page 1, Form 1040 100.00 

S> Excess, if any, of line 3 over line 4 $220.00 

MEDICAL AND DENTAL EXPENSES FOR PERSONS IN GROUP I 

6. Portion of medicine and drugs tor persons in Group I. Amount on line 1 multiplied by amount on line 5, and 

the answer divided by the amount on line 3. (IBOX 220-^-320) $123.75 

7. Amount taxpayer paid for medical and dental expenses (other than medicine and drugs) for persons in 

Group I 1,000.00 

8. Medical and dental expenses for persons in Group I. (Line 6 plus line 7) $1,123.75 

MEDICAL AND DENTAL EXPENSES FOR PERSONS IN GROUP II 

9. Portion of medicine and drugs for persons in Group II. Amount on line 5 less the amount on line 6 $96.25 

10> Amount taxpayer paid for medical and dental expenses (other than medicine and drugs) for persons in Group 11 . . 1 00.00 

11. Line 9 plus line 10 196.25 

12. 3% of line 9, page 1, Form 1040 300.00 

13. Medical and dental expenses for persons in Group II. Excess, if any, of line 1 1 over line 12 -0- 

TOTAL DEDUCTION FOR MEDICAL AND DENTAL EXPENSES 

14. Line 8 plus line 13 $1,123.75 



Itemize below or on an attached sheet amounts paid for medical and dental expenses in 1962; show amount and to whom paid. 



J.S. GOVERNMENT PRINTING OFFICE : 1962— 0-646899 



INDEX 



Adjusted gross income 3, i*, 21, 22, 26, 35, 36, 38, 

53; 79, ll<i 

Age 55 or over 12, 116 

Itemized deductions returns 122 

Standard deductions returns 121 

Cumulated distributions 33, 34 

Marital statuses 13, 33, 79-83 

Itemized deduction returns 83, 84 

Standard deduction returns 81, 82 

Percent distributions 5, 22, 33, 34 

Returns with: 

Alternative tax computation 109 

Capital gains and losses 73 

Income tax 109 

Interest received 65 

Itemized deductions 35, 37, 85, 87 

Contributions 6 

Taxes paid 11 

No adjusted gross income 35 

Normal tax and surtax 109 

Salaries and wages ( net) 63 

Standard deduction 35, 37 

State data 125, 130-154 

Itemized deductions 127 

Self-employment tax 127 

1040A 78 

Age 65 or over 11, 12, 116-120 

Exemptions 11, 22, 26 

Marital statuses 103, 124 

State data 129 

Itemized deduction returns 122, 123 

Standard deduction returns 121 

Alternative tax computation 12, 24, 27, 72, 109 

Amendments to Internal Revenue Code 3 

Average income tax 109 



B 

Blindness exemptions 11, 26, 103 

State data 129 

Business, farm, or profession, profit or loss.... 4, 23, 

36, 38, 60-62 

Age 65 or over 116 

Patterns of income 60-62 

Percent distribution 53 

Returns with: 

Capital gains and losses 73 

Interest received 65 

Itemized deductions 35, 87 

No adjusted gross income 35 

Standard deduction 35 

Size distribution 56, 57 

State data 125 



C 

Capital gains and losses (see alsc Sales of 

capital assets) 23, 24, 70-72 

Capital loss carryover 24, 70-72 

Children's exemptions 11, 103 

State data 129 

Classifications and terms 21-30 

Comparability of data. .' 3 

Dividends 5 

Interest 5 

Rents 24 

Royalties 24 

Contributions deduction 6, 25, 85 

Age 65 or over 122 

Marital statuses 13 

Percent distributions 7, 94, 95 



Contributions deduction — Continued Page 

Property 7, 8 

Recipients 6 

State data 127 

20 percent or more of adjusted gross income. 7 

Credit on 1963 tax 29, 42 

Age 65 or over 120 

Returns with: 

Capital gains and losses 77 

Interest received 69 

Itemized deductions 91 

Cumulated income and tax 33, 34 



Zt 

26, 103 

129 



36, 


, 39 


Lit 


117 




53 




74 




66 


35, 


88 




35 




35 


54, 


55 




125 




25 


^, 5 


5, 


, 22 




125 


86, 


90 




119 




123 




121 




76 




68 




90 



Deficit in adjusted gross income 

Dependent ' s exemptions 11, 

State data 

Description of the sample and limitations of the 

data 

Dividends: 

After exclusions 4, 5, 22, 

Age 65 or over 

Percent distribution 

Returns with: 

Capital gains and losses 

Interest received 

Itemized deductions 

No adjusted gross income 

Standard deduction 

Size distribution 

State data 

1040A 

Received 

Exclusions 

State data 

Tax credit 5, 27, 41, 

Age 65 or over 

Itemized deduction retiorns. 

Standard deduction returns 

Returns with: 

Capital gains and losses 

Interest received 

Itemized deductions 



Estates and trusts, income or loss 25, 37, 40 

Age 65 or over 118 

Percent distribution 53 

Returns with: 

Capital gains and losses 75 

Interest received 67 

Itemized deductions 35, 89 

No adjusted gross income 35 

Standard deduction 35 

Excess social security tax withheld 29, 42 

Age 65 or ovfer 120 

Returns with: 

Capital gains and losses 77 

Interest received 69 

Itemized deductions 91 

1040A 78 

Excludable sick pay- 4, 22 

Exemptions - 11, , 26, 38, 40, 79, 103 

Age and blindness 11, 26, 103 

Age 65 or over 11, 12, 22, 26, 116, 118 

Dependents 12 

Itemized deduction returns 122 

Standard deduction returns 121 

Children 11, 22, 103 

Dependents 11, 22, 26, 103 

Marital statuses 12, 22, 79, 81, 83 

211 



212 



INDEX 



Exemptions — Continued Page 

Returns with: 

Capital gains and losses 73, 75 

Interest received 65, 67 

Itemized deductions 83, 85, 87, 89 

Standard deduction 81 

State data 129-15^ 

Other than age or blindness UO-IS^- 

Support test 26 

Multiple 26 

Taxpayer's 103 

1040A 78 

Explanation of classifications and terms 21-30 

F 

Facsimiles of return forms 171-209 

Farai. ( See Business, farm, or profession.) 

Foreign taxes paid tax credit 28, 4-1 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 76 

Interest received 68 

Itemized deductions 86, 90 

Form 1040 14 

Overpayment of tax 29 

Form 1040A 14, 78 

Dividends 5, 22 

Interest 5, 23 

Overpayment of tax 29- 

Salaries and wages 25 



H 

Head of household returns 13, 22, 80, 82, 84 

Exemptions 104 

Age 65 or over 124 

Tax generated at tax rates 115 

Historical data 156-164 

Average income tax 159 

Itemized deductions 160 

Sources of income and loss 156, 160-162 

State data 163, 164- 



Page 

Interest paid deduction 6, 25, 85 

Age 65 or over 122 

Marital statuses 13 

Percent of adjusted gross income 96, 97 

State data 127 

Interest received 4, 6, 23, 36, 39, 65-69 

Age 65 or over 11, 117 

Percent distribution 53 

Returns with: 

Capital gains and losses 74- 

Itemized deductions 35, 88 

No adjusted gross income 35 

Standard deduction 35 

Size distribution 56, 57 

State data 126 

1040A 25 

Investment tax credit 3, 4, 12, 28, 41 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction fetums 121 

Returns with: 

Capital gains and losses 76 

Interest received 68 

Itemized deductions 86, 90 

Itemized deduction returns. ... 5, 6, 14, 21, 25, 35, 37, 

85-91 

Age 65 or over 12, 122, 123 

Marital statuses 13, 83, 84 

Percent of adjusted gross income 5, 22, 92-101 

State data 127 

Taxes paid deduction 128 



J 

Joint returns of husbands and wives 13, 22, 43-47, 

79 

Age 65 or over 11 

Exemptions 104 

Age 65 or over 124 

Itemized deduction returns 83 

Standard deduction returns 81 

State data 130-154 

Joint returns and returns of surviving spouse. . . 114 



I 

Income tax: 

After credits 4, 28, 79 

Age 65 or over 119 

Itemized deduction retiims 123 

Standard deduction returns 121 

Average 109 

Cumulated distribution 33, 34 

Marital statuses 79, 80 

Itemized deduction returns 83, 84 

Standard deduction returns 81, 82 

Percent distributions 33, 34, 109 

Returns with: 

Alternative tax computation 109 

Capital gains and losses 75 

Interest received 68 

Itemized deductions 83, 86, 90 

Normal tax and surtax 109 

State data 126, 130-154 

Before credits 22, 27, 41 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 76 

Interest received 68 

Itemized deductions 86, 90 

Tax generated at tax rates 114, 115 

1040A 78 



Laws, synopsis 167 

Life expectancy method. ( See Pensions and 

annuities.) 
Long-term capital gains and losses 24, 70-72 



M 

Marginal tax rates. (See Tax rates.) 

Marital status of taxpayer 13, 22 

Exemptions 103-108 

Age 65 or over 12, 124- 

Medical and dental expense deduction. ... 3, 6, 8, 9, 10, 

25, 85 

Age 65 or over 26, 122 

Marital status 13 

Percent of adjusted gross income 100, 101 

State data 127 

Multiple support exemption 22, 26 



N 

Net operating loss deduction 25 

New data: 

Age 55 or over: 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 73-77 



213 



New data — Continued Page 

Returns with — Continued 

Interest received 65-69 

Investment tax credit 12 

Itemized deductions 87-101 

Contributions : 

Property 8 

Recipients 6, 7 

20 percent or more of adjusted 

gross income 7, 8 

Salaries and wages (net) as percent of 

adjusted gross income 63, 64- 

State data: 

Exemptions 129 

Itemized deductions 127 

No adjusted gross income returns 13, 14, 21, 35 

Nonbusiness deductions. (See Itemized 
deductions.) 

Nontaxable returns 4, 21 

Normal tax and surtax returns 12, 27, 72, 109 

Number of returns. (See specific type of returns 
or classification. ) 



Page 

Pensions and annuities 4-, 24, 36, 39 

Age 65 or over 11, 117 

Percent distribution 53 

Returns with: 

Capital gains and losses 74 

Interest received 66 

Itemized deductions 35, 38 

No adjusted gross income 35 

Standard deduction 35 

Percent distributions 4, 6, 22, 53 

Adjusted gross income 33, 34, 63, 54 

Income tax after credits 33, 34 

Marital statuses 13 

Returns with: 

Itemized deductions 5 

Contributions 7 

Taxes 10 

Salaries and wages ( net) 63, 54 

Taxable income 33, 34 

Property other than capital assets. ( See Sales 
of property other than capital assets.) 



One-half excess long-term capital gain 24 

Optional tax table. ( See Tax table returns.) 

Other areas 22 

Other itemized deductions 26, 85 

Age 65 or over 122 

Marital statuses 13 

State data 127 

Other sources of income or loss 35, . 37, 40 

Age 65 or over 118 

Percent of adjusted gross income 53 

Returns with: 

Capital gains and losses 75 

Interest received 67 

Itemized deductions 35, 89 

No adjusted gross income 35 

Standard deduction 35 

1040A 22, 23, 25, 78 

Other tax credits 28, 41 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 76 

Interest received 68 

Itemized deductions 86, 90 

Other taxes deducted 10 

State data 128 

Overpayment of tax 29, 42, 69, 75, 91, 120 

1040A 78 



P 

Partially tax-exempt interest tax credit 28 

Partnership, profit or loss 4, 23, 37, 40 

Age 65 or over 118 

Percent distribution 53 

Returns with: 

Capital gains and losses 75 

Interest received 67 

Itemized deductions 35, 89 

No adjusted gross income 35 

Standard deduction 35 

Size distribution 58, 59 

State data 126 

Patterns of income 21, 60-52 

Payments on 1952 declaration 29, 42 

Age 65 or over 120 

Returns with: 

Capital gains and losses 77 

Interest received 69 

Itemized deductions 91 



R 

Real estate taxes deduction 9, 10, 11 

State data 128 

Receipients of contributions. (See Contributions 
deduction.) 

Refund in cash or bonds 29, 42 

Age 65 or over 120 

Returns with: 

Capital gains and losses 77 

Interest received 69 

Itemized deductions 91 

Rent income or loss 4, 24, 37, 39 

Age 65 or over 11, 117 

Percent distribution ' 53 

Returns with: 

Capital gains and losses 74 

Interest received 55 

Itemized deductions 35, 88 

No adjusted gross income 35 

Standard deduction 35 

State data 126 

Requirements for filing 14, 165, 167 

Retirement income tax credit 3, 28, 41 

Age 65 or over 11, 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 76 

Interest received 68 

Itemized deductions 86, 90 

Return forms for reporting income 14, 171-209 

Royalty income or loss 4, 24, 37, 40 

Age 55 or over 118 

Percent distribution 53 

Returns with: 

Capital gains and losses 75 

Interest received 57 

Itemized deductions 35, 89 

No adjusted gross income 35 

Standard deduction 35 

State data 126 

S 

Salaries and wages ( net) 4, 22, 36, 38 

Age 55 or over 116 

Patterns of income 50-62 

Percent distributions 22, 53, 63, 54 

Returns with: 

Capital gains and losses 73 

Excludable sick pay 4 

Interest received 65 

Itemized deductions 35, 87 



214 



INDEX 



Salaries and wages (net) — Continued Page 
Returns with — Continued 

No adjusted gross income 35 

Standard deduction 35 

Size distribution 54, 55 

State data 125 

lOiOA 25, 78 

Sales of capital assets A, 23, 2A, 36, 38, 70-77 

Age 65 or over 116 

Patterns of income 60-52 

Percent distribution 53 

Returns with: 

Interest received 65 

Itemized deductions 35, 87 

No adjusted gross income 35 

Standard deduction 35 

Size distribution 58, 59 

State data 125 

Sales of property other than capital assets.... 24,36,39 

Age 55 or over 117 

Returns with: 

Capital gains and losses 74 

Interest received 56 

Itemized deductions 35, 88 

No adjusted gross income 35 

Standard deduction 35 

Sample description 14-20 

Self -employment tax 4, 21, 27, 28, 41 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 75 

Interest received 58 

Itemized deductions 86, 90 

State data 127 

Tax rate 3, 4, 28 

Separate returns of husbands and wives 12, 13, 22, 

79, 81, 83 

Exemptions 104 

Age 65 or over 124 

Separate returns of husbands and wives and of 
single persons not head of household or su27vlv- 

ing spouse 115 

Short-term capital gains and losses 23, 70-72 

Sick pay exclusion. (See Excludable sick pay.) 
Single persons not head of household or surviv- 
ing spouse 13, 22, 48-52, 80, 82, 84 

Exemptions 104 

Age 65 or over 124 

Size distributions 21, 54-59, 102 

Social security tax. ( See Excess social secu- 
rity tax. ) 
Son's and daughter's exemptions. (See Children's 

exemptions . ) 
Sources of income or loss. (See Adjusted gross 
income . ) 

Sources of data 13, 14 

Standard deduction retirms 14, 21, 35, 37 

Age 55 or over 12, 121 

Marital statuses 13, 81, 82 

State income taxes deduction 10, 11 

State data 128 

State and local sales taxes deduction. ... 9, 10, 11, 102 

State data 128 

State data 22, 125, 126, 130-154 

Exemptions 129 

Itemized deductions 127 

Taxes paid deduction 128 

Self -employment tax 127 

Support test for exemption 26 

Surviving spouse returns 13, 22, 80, 82, 84 

Age 65 or over 124 

Exemptions 104 

Age 55 or over 124 

Synopsis of laws 157 



T Page 

Tax base ( see also Taxable income) 12, 29 

Tax computation schedules. ( See Tax rates.) 

Tax credits 27, 41 

Age 55 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 75 

Interest received 58, 90 

Itemized deductions 5, 86 

Tax due at time of filing 29, 42 

Age 55 or over 120 

Returns with: 

Capital gains and losses 77 

Interest received 59 

Itemized deductions 91 

1040A 78 

Tax generated at tax rate 12, 13, 114, 115 

Tax items 12, 27-29, 41, 42 

Age 65 or over 119, 120 

Itemized deduction retiu-ns 123 

Standard deduction returns 121 

Returns with: 

Capital gains and losses 75, 77 

Interest received 68, 69 

Itemized deductions 85, 90, 91 

Tax paid at source tax credit 28 

Tax rate schedules 22, 114, 115 

Tax rates 27, 29, 30, 114, 115 

Classifications ; 22, 29 

Marginal 29, 110-112 

Self-employment 3, 28 

Social security 29 

Tax table returns 14, 27 

Tax withheld 28, 42 

Age 55 or over 120 

Returns with: 

Capital gains and losses 77 

Interest received 59 

Itemized deductions 91 

1040A 78 

Taxable income 4, 26, 41, 79, 109 

Age 65 or over 119 

Itemized deduction returns 123 

Standard deduction returns 121 

Cumulated distribution 33, 34 

Marginal tax rates 22, 110-112 

Marital statuses 13, 79, 81, 83 

Percent distribution 33, 34 

Returns with: 

Alternative tax computation 109 

Capital gains and losses 76 

Interest received 58 

Itemized deductions 83, 85, 90 

Normal tax and surtax 109 

Standard deduction 81 

State data 126, 130, 154 

1040A 78 

Taxable returns 4, 21, 41, 79, 109 

Taxes paid deduction 6, 9, 11, 25, 85 

Age 55 or over 122 

Marital statuses 13 

Percent of adjusted gross income 98, 99 

State data 127, 128 

Taxpayer's exemptions 11, 25, 103 

State data 129 

3-year method. ( See Pensions and annuities.) 

Throwback tax credit 28 

Types of income tax 109 



Withheld tax. ( See Tax withheld.) 



Otatis of ;ome 

Publications in Preparatic 

CdfpordWon Income Tax Returns with accounting period uly 19 963 

Receipts, deductions, net income and income subject incom sign tax 

credit, investment credit, and distributions to stockholders. Also total assets, de- 
preciable assets, and inventories. Special subjects covered include investment credit 
items, sales of certain business property, patterns of prior-year income, and payments 
on declarations of estimated tax. Classifications by industrial group and month account- 
ing period ended, as well as by size of total assets, business receipts, net income, income 
taxed at normal tax and surtax rates, income tax, and investment credit. Separate infor- 
mation for returns with net income, consolidated returns, and returns of small business 
corporations electing to be taxed through shareholders. Historical summary, 1953 through 
1962. 

Foreign Income and Tax reported in foreign taxcredit schedules of domestic corporation 
income tax returns with accounting periods ended July 1961 -June 1962 

Taxable income from foreign sources, foreign dividends received, foreign income tax paid 
or deemed paid, net income, income subject to tax, U. S. income tax, and foreign tax credit 
against the U. S. income tax. Classifications" by industrial group and foreign country or 
area. Size classifications by total* assets, net income, and U. S. income tax. Foreign tax 
credit and other information reported on Western Hemisphere trade corporation returns. 
Historical summary. 

U. S, Business Tax Returns with accounting periods ended July 1962-June 1963 

SOLE PROPRIETORSHIPS, PARTNERSHIPS, AND CORPORATIONS 

Receipts, profits, inventory valuation methods, income statements, investment credit 
claimed, State data, ratios of net profit to business receipts and receipts to inventory 
for the three types of business organizations. Income from farming and other sources 
for sole proprietorship farms. Selected balance sheet items for corporations. Classi- 
fications by industry, size of business receipts, size of profit or loss, and for partner- 
ships and corporations, by size of total assets. Historical data for selected years. 

F\6uc\ary, GU\, an6ES\aie Tax Returns filed during 1963 

FIDUCIARY INCOME TAX RETURNS FOR 1962: Sources of income, deductions, ex- 
emptions, income tax, tax credits, and taxpayments. Classifications by trusts (bank- 
administered; grantor; testament&ry; and inter vivos) and estates, size of total income, 
tax rate, tax status, type of tax, and States. Historical summary, 1952 through 1962. 
GIFT TAX RETURNS: Total gifts, exclusions, deductions, specific exemption, and gift 
tax. Classifications by type of gift, size of taxable and total gift, tax rate, tax status, 
recurrent donors, consent status, use of specific exemption, and States. 
ESTATE TAX RETURNS: Gross estate, deductions, exemption, estate tax, tax credits, 
real estate, stocks, bonds, life insurance, annuities, executor's commissions, attorney's 
fees, and funeral expenses. Classifications by type of property, tax rate, tax status, 
size of gross estate and excess of gross estate over indebtedness, method of estate 
valuation, and States. Historical summary, 1951 through 1963. 

Individual income Tax Returns for 1963, Preliminary 

Sources of income, adjusted gross income, exemptions, deductions, taxable income, 
income tax, tax credits, self-employment tax, tax withheld, and taxpayments, by size 
of adjusted gross income for all returns, returns with standard deduction, and returns 
with itemized deductions. Taxable income and tax by tax rates. Selected sources of 
income by States. 

Recent Publications 

U. S. Business Tax Returns with accounting periods ended July 1962-June 1963, 
Preliminary, Sole Proprietorships, Partnerships, and Corporations (35 pp., 20f) 

Corporation Income Tax Returns with accounting periods ended July 1962-June 1963, 
Preliminary (29 pp.) 

State and Metropolitan Area Data for Individual Income Tax Returns: 1959, 1960 and 
1961 (82 pp.) 

Fiduciary, Gift and Estate Tax Returns filed during 1961 (96 pp., 60p) 

Statistics of Incoiiie publications are lor sale by the Superintendent of Documents, 
U. S. Government Printing Office, Washington, D. C. 20402