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BOSTON
PUBLIC
LIBRARY
STATISTICS OF INCOME . . . 1962
Individual
INCOME TAX
RETURNS
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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
0 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 0
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
17
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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
;s ffss;
assE
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'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. 0 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
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
J 3
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
53
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
57
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58
INDIVIDUAL INCOME TAX RETURNS FOR 1962
I 15
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
59
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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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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61
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62
INDIVIDUAL INCOME TAX RETURNS FOR 1962
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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
a^SSln ^lQSf\iS
I^JOJ^O OJQvOQNr
ill
l|:
H 3 S cS ri fR 3 3 r
"rf^^ ggg;p J
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t ■§§§§ §§§!§ §§§§§
§§§§§ §§§
II lllo I % ""'
^§§§ §§§§§&
66
lei
INDIVIDUAL INCOME TAX RJETURNS FOR 1962
JSRf
^p
2 cO o) ^ <§ ^5^*03° oiIh^^"
sssis~
ss
vo tn H ro o^ sSsS?^ o ri 5 in ?
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^C^CO■-t t^n»J3rHC~- fcc^'DOvr inrHrHCOrH ^-J^
53SS
JSjdj^b S^c
■^sasi s!§^3:
3CT'«->i-g? ot-^oSvo «r;r«j(n^sr
DrHCMU-vO £--0003100* tn^^frtvO
<Sf SfinO^OlA nrH-.JCT.lA .J^mCVl^l- 1A--JC
i i-
(ryc-\D oonr-lr-tcr> -vtcor-irx^j- tniHOO^O
>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
S
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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!§§§ §§§§§ §§§§!
'888 88888 8883^
§§§§§ §§§§:
68
INDIVIDUAL INCOME TAX RETURNS FOR 1962
:$53SS a?S:JS^
§ :
- rt rH \0 r-I rH <0 -J- nF 0\ OJ Oi C- (^ H r-
^ oT ^TvOaTo^r^ •^f^TO'S^ NT '^(^^<^^r^^
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sSsis
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
I a:
I |:
5^ S^
SSgf
ass"?
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^a sh;
Sinn
sS3
t; !§§§ §§§§§ §§§§§
§§§§§ §§§§3 3338
>00 OCQOQ OOOC
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
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^ 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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S§i§ §§§§§ §§§§§
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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«
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
•^ (^-^ t'^^'^Qic ^<^2;Ss ^SSSilS^jn «:?i*^S\'J; rimPu
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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
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762-244 0-65-6
76
I is
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
«§™. 36§SS S^iJsS SB"-^
^Sgf
1
3 O O (N -JD C- iH
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§§§§§ §§i§;
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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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
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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89
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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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103
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104
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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r-ir-lOCONr r-OC-OO^ <£v£><£)rHr
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
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106
INDIVIDUAL INCOME TAX RETURNS FOR 1962
VO>«o*oc«j cn-^c5r-3 ror-u^rHo;
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INDIVIDUAL INCOME TAX RETURNS FOR 1962
107
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INDIVIDUAL INCOME TAX RETURNS FOR 1%2
itf!
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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
0 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
0 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 .
0 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 .
0 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 :
SSq'S?) 3:^5Ra SSJ
5 5-
;§2S S?
o oo^fMtoto <^o>CMcno 3'^Q<^'*> ^ O ri GO IT. iB
u=> eg W (*? iK -5 O fn O <^ w 3 O ?i -«» O* t^ f= 00 F- m CM ('^
ig^jo ;;jggj;S; :3E
HCM S<^Sl(nCH -sji^CMSrH rHH
icoQt^o Kr-Jntnr^ RSor^^ P^^
S u^cSroOrH <^o>^CMrSc
R'O i-t oc^c^^lf^tM <-ip>nnc- c^Q«'!irj 2;ff2J:dtt SSJSS
o-r- ^Movo-o r-F-r-c-^ !r»St''^S'0 *5E:2SP^ SJ!!J?iS
r-i en in r- <^ CO o> o^ >j- <^ o a* r- \0 «n K ^ in o « :^ m <^ m .h c
oQ?'8§ §o;S^f^5
S^niSrH-w- -«9'49'40- o «
9-«-*i-«* 4)* m" 3
^§§§ s§§§§ §§§§§
^§§§ §§§§8
111 §§§§§ §§§§
S 5§5q £
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'
"~>--ii-r f^'iiT;^'^ mSS™'"' '"S?^'^(0 sfs*"
^Mrg roor^HrH f^<^
or^^rH pf^iHeovT «)ir<rHii
■HO\P-Otn t>C0injOiA °v£)ihS,H vOQC^^r
isas ssssa
psp¥~
l|:
I ill! iiiii mil ii§i§ sill
§ §§§□ £ ^
?_R8S 88888 °-'
^ ^siii mils
Z4Ai
118
INDIVIDUAL INCOME TAX RETURNS FOR 1962
i- 1 =
il Ji
§ 1^
"^^^ p*'2§^ f?5!RS;5t rtSsSs ssR§3 pfsa
r-i-iP Sic^ebfQ'j^ ooo>j«o *^,"i.^«^°^ °1. .V ^ -, - r-^O"^"^ <M
y n CM ovj0Qjo;e "^ *^ ;c^ ;^ 3 i^S™'^* H )h
-r^ ^^~
^ O *0 t^ -* O C- CM -O .-H CM p
3 o S oj ^ CO r-( t^ o* eo
SS:}
ill
5 li
§§o ss;
ill
SSqPS PS (^
!_88 8,S^8RJ
rlj CM uS ,-i-»> -t^ie-iO- (
"■""11 111c
8S^
5-1°
u -a -rj -a -a r> -v -a -v -d-o-o-o-o SSSSS SSSS^ 3;
^S§§ §§§§§ §§S§§ oo oloS 81^-
§000 OQOQO OQOQO OoSoQ OOQQO OOOO"
Qoo QOQOo OOQQO o^o o^o_^q_ O^O O^O -^ n o'f-Tn
S -"^^^ --,1*.,^ __....^ Or^C^e^^ '^Q'^QG SS "
INDIVIDUAL INCOME TAX RETURNS FOR 1962
i i.
- X ^ ?>J to p\ *0 f- r
orviS ■^*'^'iS 'J•*^''^''1»^> CMOa-u
'i &%-
^ ^
IJ;
SPS
5^ gg;
fRfy'"rifi' S'"rR"F?'"f5"'
S55
fS MSSS
SSgh S Di"'^ ?
,-83 SS
§§§§§ §§§§§
qSooo OOOQO
iiii mils |s
'Soo oo88o~
SS!
120
INDIVIDUAL INCOME TAX RETURNS FOR 1962
Ij:
§ 1
\0 a> <^ r^'00•>J■^I iTvfMC^OOrH iTvvOOvsO^J (^t^paJvD vO,OC-r-
>tN%£> O^-J-^ttltn CVJ(M-^.H%D iHpiOJrHCn ■J.-HCyOiNT (D < O^ C
-i r\ ir\ SOCT-COOvO *D\Or^\0<H >jf-r^rHO\ r\ •-* O^ r-t ^ r-l >tS -4 r-
' (T' O O OW(N\0>1 a>Ou-it^\D fsjsor^co^ -^fCT»'-IC^-j
•r(t^o3 »J5<^pcMC\) .^^oc^Jc^Jo -h'^-jO'I^ -liniAC^i^
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
^ co^inrnS lOcoiAo
I J:
J3 ?S;
iPS? SS&S;
II
^C^J(^J C^a'>0>JTO st^sDOim tTiCViCMrirH >rtFQ35^ nXr-
HO^C->r Q<^«OC~ fOr-
I 3888 SrsSj
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--
rHfV(^CN(n a)vj5\D>Ain ^cnriojrvj lornmr
S-K l-
i h
sSi^
I e
I K
%35^ riS^^^
-as ssssa
U SIS'"" =-
^ I-
fi-'^s a:
f-vnw ^-ncJvo^p- -j-\owc-cM \o-^-Jp\-^ --t^om^y
ir*f-(so i>^\OrH-»f cMsrno^iH otocof-ir- fnt^o^nr
I 15
NfQ^ tOO-Qrjo "^"^S"
fS£53
jSsi s
t 1111 11111 mil
§§ § §§ § § § §^
•H ■»« 3<s-»
122
INDIVIDUAL INCOME TAX RETURNS FOR 1962
n J
HI
9S
§ 1
i i^
,j3f. ,ic--^t*sjo '^SKSS ;^sJI2iSS toSJoiftt^ Pc
H ^3 cvj ^ to :^ 'O CM >r vo ■^ ^ £ £■ ss *i ^ S: 'I
RS SSPSd S&Rias RSSSKi 5s
3^^^Ih P^Pion
3eJ SSSSS S!S]5f
3wR§^ 5^5^
<i gg jjog t
!;^Sg R:lSF;g::
-^c^t^to^ if^>Dg>w
■B n
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
g?
Si's 8^
§ :
I Si
§ I
I S =
Toj^SS SlR^p
O -D '■DtO U' to (^ t>to to oo>(^
§S SSs^^ f=^3sis
■\P xDvotoSg oj3>o5iH
JS S||£Sg
S5f
H S u^ 8 (n § r
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
s 3^33^ ^"^
I pill mil mil ii^i^ l^tU
& ^§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 0
■■•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 (Lessjhan $10,000 total income;
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
$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
$0
0
$0
0
700
726
750
775
725
750
775
800
8
13
17
22
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
800
825
850
875
825
850
875
900
26
31
35
40
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
900
925
950
975
925
950
975
1 ,000
44
49
53
58
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000
1,025
1,050
1,075
1,025
1,050
1,075
1 ,100
62
67
71
76
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
1,100
1,125
1,150
1,175
1,125
1.150
1.175
1.200
80
85
89
94
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
1,200
1,225
1.250
1,275
1.225
1,250
1,275
1,300
98
103
107
112
0
0
0
0
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
1,300
1,325
1,350
1,375
1 ,325
1,350
1,375
1 ,400
116
121
125
130
0
1
5
10
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
1,400
1 ,425
1,450
1,475
1 ,425
1,450
1,475
1,500
134
139
143
148
14
19
23
28
0
0
0
0
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
0
0
0
0
0
0
0
0
0
0
0
0
1,500
1,525
1,650
1,575
1 .525
1 .550
1.575
1,600
152
157
161
166
32
37
41
46
0
0
0
0
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
0
0
0
0
0
0
0
0
1,600
1,625
1,650
1,675
1,625
1,650
1,675
1,700
170
175
179
184
50
55
59
64
0
0
0
0
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
0
0
0
0
0
0
0
0
1,700
1,725
1,750
1.775
1,725
1,750
1,775
1,800
188
193
197
202
68
73
77
82
0
0
0
0
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
0
0
0
0
0
0
0
0
1,800
1,825
1 ,850
1,875
1,825
1 .850
1,875
1.900
206
211
215
220
86
91
95
100
0
0
0
0
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
0
5
14
23
0
0
0
0
1,900
1,925
1,950
1,975
1.925
1,950
1 .975
2.000
224
229
233
238
104
109
113
118
0
0
0
0
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
0
0
0
0
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
0
0
0
0
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
0
0
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 instructions 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
0
8
0
13
0
17
0
22
0
26
0
31
0
35
0
40
0
44
0
49
0
53
0
58
0
62
0
67
0
71
0
76
0
80
0
85
0
89
0
94
0
98
0
103
0
107
0
112
0
116
0
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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-
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*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 0 less 0
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 heading for the older 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 method)) .
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
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