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Full text of "Statistics of income"

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BOSTON PUBLIC LIBRARY 



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STATISTICS 1 QIC 
OF INCOME I d I U 

INDIVIDUAL 



S 



rri 



Internal Revenue Service 

Publication 79 (4-79) 



Dc:lj:i r..'j;:c Library 
lperi::L--d-=.t of Docamenta 



ufcKOblTORY 



Publication 79 (4-79) 

Stock No. Oi+8-OOl4-Ol6lO-9 
Library of Congress Card No. 61-37567 



This report annually contains data on 
sources of income, adjusted gross income, 
exemptions, total deductions, taxable 
income, income tax, tax credits, self- 
employment tax, tax withheld, and taxpay- 
ments. Also shown are foreign and domestic 
dividends, capital gains and losses, and 
selected income and tax items for States. 
Classifications are by tax status, size of 
adjusted gross income, marital status, form 
of deduction, and tax rates. 



Suggested citation 

Internal Revenue Service 
Statistics of Income — 1976, Individual 
Income Tax Returns 
Washington, D.C. 1979 



Other recent publications for sale 

Individual Income Tax Returns, 1976 

Preliminary (35 pp., $1.40) 
Individual Income Tax Returns, 1975 

(237 pp., $4.50) 
ZIP Code Area Data, Individual Income Tax 

Returns, 1969 (131 pp., $1.25) 
Business Income Tax Returns, 1976 

Preliminary (44 pp., $2.10) 
Business Income Tax Returns, 1975 (358 pp., 

$5.50) 
Corporation Income Tax Returns, 1975 

Preliminary (23 pp., $1.20) 
Corporation Income Tax Returns, 1974 

(276 pp.) 
Foreign Income and Taxes Reported on 

Corporation Income Tax Returns, 1964, 

1965, and 1966 (380 pp., $4.45) 
Estate Tax Returns, 1972 (56 pp., $1.60) 
Personal Wealth Estimated from Estate Tax 

Returns, 1972 (62 pp.) 
Fiduciary Income Tax Returns, 1974 (98 pp., 

$2.75) 
Small Area Data from Individual Income 

Tax Returns, 1974 (447 pp., $6.00) 
International Income and Taxes, Foreign Tax 

Credit on Corporation Returns, 1968-1972 



Publications in preparation 

Sales of Capital Assets Reported o:, 
Individual Income Tax Returns, 1973 

Business Income Tax Returns, 1977 
Preliminary 

Business Income Tax Returns, 1976 | 

Returns of Private Foundations Exempt fl 
Income Tax, 1974 1 

International Income and Taxes, Domes^ 
International Sales Corporation Retuti 
1972, 1973, and 1974 '• 

Estate Tax Returns, 1976 

International Income and Taxes. U.S. 
Corporations and Their Controlled For 
Corporations, 1968 and 1972 

Corporation Income Tax Returns, 1975 

Corporation Income Tax Returns, 1976 
Preliminary 

Individual Income Tax Returns, 1977 
Preliminary 

International Income and Taxes Foreign 
Credit and Foreign Source Income 
Reported on Individual Income Tax 
Returns, 1975 



Statistics of Income publications are for 
sale by the Superintendent of Documents, 
U.S. Government Printing Office, 
Washington, D.C. 20402 



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STATISTICS IQT 
OF INCOME lUl 



INDIYIDUAI 




mmi. 



artment of the Treasury 
rnal Revenue Service 



Tie Kurtz, 

missioner 

im E. Williams, 

ity Commissioner 

I F. Alpern, 

Jtant Commissioner 

ning and Research) 



Statistics Division 

Vito Natrella, 

Director 

Howie Wilson, 

Assistant Director 

Bennett R. Moss, 

Chief, Planning and Review Staff 

Robert A. Wilson 

Chief, Statistics of Income Branch 

John P. Hiniker, 

Chief, Projections and Special Studies 

Branch 

Peter L. Clarke, 

Acting Chief, Mathematical Statistics Branch 

Thomas M. Durkin, 

Chief, Operations Branch 



This report was prepared in the Statistics of 
Income Branch by the Individual Income Statistics 
Section under the direction of Jack Blacksin. 
The procedures (or sampling, processing, and 
reviewing the data were developed by other branches 
of the Statistics Division. Statistical abstracting of 
the data was done by the Service Centers at 
Andover. f^assachusetts; Austin, Texas; Chamblee, 
Georgia; Covington, Kentucky; Fresno, California; 
Holtsville, NY.; Kansas City, Missouri; Memphis, 
Tennessee; Philadelphia, Pennsylvania; and 
Ogden, Utah. 

The Data Center at Detroit, Michigan, designed and 
conducted the computer processing. 




COMMISSIONER OF INTERNAL REVENUE 
Washington, DC 20224 



January 29, 1979 



The Honorable W. Michael Blumenthal 
Secretary of the Treasury 
Washington, DC 20220 



Dear Mr. Secretary; 



As required by section 6108 of the Internal Revenue Code, 
we have prepared for publication the complete report, Statistics 
of Income — 1976, Individual Income Tax Returns . This report, based 
on a sample drawn from the 84.7 million returns filed during Calendar 
Year 1977, presents estimates of taxpayers' income, exemptions, deduc- 
tions, credits, and tax. Major classifiers used are adjusted gross 
income, marital status, and State of residence, as well as taxable 
and nontaxable returns. This report includes data on the new child 
care credit, the increased general tax credit, and the increased 
minimum tax, as well as, for the second year, data on high income 
returns classified by three new income concepts as defined in and 
required by the Tax Reform Act of 1976. 

With kind regards. 

Sincerely, 




Department of the Treasury Internal Revenue Service 

iii 



Contents 



Guide to 
Basic Tables 



Guide to Basic Tables, iv 

Introduction, v 

Requirements for Filing, v 

Changes in Law, vi 

Section 1 

Returns Filed and Sources of In- 
come, 1 

Section 2 

Deductions and Exemptions, 53 

Section 3 

Tax Computation and Tax Rates, 79 

Section 4 

Taxpayers Age 65 or Over; Credit 

for the Elderly, 137 

Section 5 
State Data, 149 

Section 6 

Explanation of Classifications and 

Terms, 193 

Sec tion 7 

Sources of the Data, Description of 
the Sample and Limitations of the 
Data, 211 

Section 8 

1976 Forms and Instructions, 221 

Section 9 
Index, 263 



Section 1 
Returns Filed 



and Sources of Income 



Section 3 
Tax Computati 



income and 



(table 



17 



34 



Cumulated 
1.1), 7 

Non joint returns by marital status 
(tables 1.2, 1.3"), 11, 16 
Sources of income (table 1.4) 
Joint returns (table 1.5), 22 
Computation of adjusted gross 
income (table 1.6), 26 
Nontaxable returns (table 1.7 
Returns with presidential election 
campaign fund checkoff (table 1.8), 

36 

Form 1040A returns (tables 1.9, 

1.10), 37, 38 

Returns by size of income under 

alternative concepts (table 1.11), 

44 

Selected income items by size 

(table 1.12), 50 

Section 2 

Deductions and Exemptions 

Itemized deductions: 

By type (table 2. 1), 58 

Sources of income by marital 

status (tables 2.2, 2.3), 60, 65 

Percent of adjusted gross income 

(table 2.4), 66 

Medical and dental expenses 

(table 2.5), 67 

Taxes paid deduction (table 2.6), 



Interest paid deduction (table 

2.7), 69 

Contributions deduction (table 

2.8), 70 

Returns filed by dependents wi 

unearned income (table 2.9), 71 

Exemptions by type (table 2.10) 

72 

Exemptions by marital status 
(table 2.11), 77 



th 



and Tax Rates 



(table 



Type of tax computa 

3.1), 89 

Special income averaging ta^x 

computation (table 3.2), 93 

Maximum tax on earned income 

(table 3.3), 95 

Sales of capital assets (table 

3.4), 96 

Total income tax (table 3.5), 98 

Income tax before credits (table 

3.6), 103 

Earned income credit (table 3 

Additional tax for tax prefer 

(table 3.8), 106 

Taxpayments (table 3.9), 108 

Tax due (table 3.10), 112 

Tax overpayment (table 3.11), 

Tax generated by rate (tables 

3.12, 3.13), 114. 119 

By marital status (tables 3 
3.15, 3.16, 3.17), 123, 126 



7), ]■ 



113 



14, 

129, 



Section 4 
Taxpayers Age 65 
for the Elderly 



Over; Credit 



Sources of income (table 4.1), 140 
Joint returns (table 4.2), 143 
Credit for the elderly (table 4.3), 
146 



Sources of income (table 5.1), 152 
Itemized deductions (table 5.2), 15 
Exemptions (table 5.3), 159 jl 

Income tax before credits (table I 

5-4). 161 ; 

By size of adjusted gross income , 
(table 5.5), 165 



troduction 



Requirements 
for Filing 



The data presented in this 
lort are estimates based on a 
atified sample of individual 
;ome tax returns, selected 
lore audit, and represent 
erage of the 84.7 million 
■ms 1040 and 1040A filed by the 
lion's taxpayers for Income Year 
'6. Coverage of returns below 
i income levels described under 
;quirements for Filing" was 
lerally limited to persons 
ing for a refund of income tax 
hheld or for self-employment 
: purposes. In addition, the 
irned income credit," which was 
itinued for 1976 by the Tax 
orm Act of 1976, made it bene- 
■ial for certain low- income 
•sons to file returns, even if 
y had no other reason to file. 
The Internal Revenue Code of 
■4, as amended, provided the 
;al basis for tax activity de- 
led in this report. Revisions 
the Internal Revenue Code which 
ected the comparability of some 
the data in this repr.rt with 
:a presented for previous years 
! described under "Changes in 



The principal criterion which 
determined whether an individual 
had to file a return was the size 
of gross income (all income 
received in the form of money, 
property, and services, that was 
not, by law, expressly exempt from 
tax) specified according to the 
individual's marital status (each 
marital status is defined in , 
section 6, Explanation of Classifi- 
cations and Terms). For 1976, a 
return had to be filed by: 

(1) a single person (other 
than a surviving spouse) under age 
65 with gross income of at least 
$2,450 (as compared to a $2,350 
filing requirement for 1975); 

(2) a single person (other 
than a surviving spouse) age 65 or 
over with gross income of at least 
$3,200 ($3,100 for 1975); 

(3) a surviving spouse under 
age 65 with gross income of at 
least $2,850 ($2,650 for 1975); 

(4) a surviving spouse age 65 
or over with gross income of at 
least $3,600 ($3,400 for 1975); 

(5) a married couple, neither 
of whom filed a separate return, 
with both spouses under age 65 and 
a combined gross income of at 
least $3,600 ($3,400 for 1975); 

(6) a married couple with one 
spouse age 65 or over and with a 
combined gross income of at least 
$4,350 ($4,150 for 1975); 

(7) a married couple with 
both spouses age 65 or over and 
with a combined gross income of at 
least $5,100 ($4,900 for 1975); 

(8) a married person (regard- 
less of age) whose spouse was 



filing a separate return (e.g., to 
obtain a refund of income tax with- 
held), if that married person had 
a gross income of $750 or more (no 
change from 1975). 

In addition, as was true for 
1975, children claimed as depen- 
dents on their parents' returns 
had to file if they had gross 
income of $750 or more and re- 
ceived any "unearned income" (such 
as dividends, interest, or capital 
gains); and self-employed persons 
with "self -employment income" of 
$400 or more had to file in order 
to pay self -employment tax. 

Some taxpayers filed returns, 
even though they did not meet the 
filing requirements, either to 
obtain reimbursement of income tax 
withheld, or to claim an earned 
income credit. 

Most taxpayers had to file tax 
returns within 3 1/2 months after 
the close of their accounting 
periods. Since the accounting 
period for nearly all individuals, 
for purposes of this report, was 
Calendar Year 1976, this meant 
that returns were due by April 15, 
1977. However, each taxpayer 
could be granted upon request one 
automatic 2-month extension of 
time to file if he or she paid any 
estimated tax due by the original 
due date when the request for an 
extension was made. In addition, 
U.S. citizens residing or trav- 
eling outside the United States 
and Puerto Rico were automatically 
granted (without requesting) the 
2-month extension. 



Changes in Law 



The Tax Reform Act of 1976, 
which mandated the changed filing 
requirements detailed above, also 
initiated the following tax law 
changes: 

(1) an increase of $100 ($200 
for married persons filing jointly) 
in both the upper and lower limits 
of the "standard deduction" (the 
otherwise applicable percentage of 
adjusted gross income remained at 
16 percent) ; 

(2) the abolition of the child 
care deduction, and the institution 
of a "child care credit," 

(3) the establishment of a 
"general tax credit," equal to the 
larger of the "personal exemption 
credit" (which was continued from 
1975 and increased from $30 to $35 
per exemption other than those for 
age and blindness) or the new 
"taxable income credit," equal to 
2 percent of taxable income with a 
maximum of $180 ($90 for married 
persons filing separately); 

(4) the liberalization of the 
rules pertaining to the foreign 
tax credit by allowing taxpayers 
claiming the credit to use either 
the standard deduction or itemized 
deductions (previously these 
taxpayers had to itemize their 
deductions in order to claim the 
credit); this provision was later 
postponed for one year by the Tax 
Reduction and Simplification Act 
of 1977; 

(5) the extension for two 
years (1976 and 1977) of the 
"earned income credit" (originally 
introduced for one year, 1975), 
and the expansion of that credit 
to cover taxpayers maintaining 
households for children for whom 
they did not claim a dependent 
exemption; 

(6) the replacement, for 
taxpayers age 65 or over, of the 
retirement income credit with a 
new, generally more liberal, 
"credit for the elderly;" 

(7) a liberalization of the 
rules pertaining to the tax treat- 
ment of lump-sum distributions 
from qualified pension or retire- 
ment plans; 

(8) an increase from 5 to 7 
years in the amount of time the 



deduction for business net opera- 
ting lossis could be carried over; 

(9) a modification of the tax 
treatment of gain from the sales 
of interests in oil and gas prop- 
erty and from sales of residential 
real estate; 

(10) the introduction of the 
"at risk" limitation on the allowa- 
ble losses of partners from part- 
nerships engaged in specified "tax 
shelter" activities to which the 
partner contributed cash or prop- 
erty, and a more limited definition 
of additional first-year deprecia- 
tion applicable to partnerships and 
their partners; 

(11) the introduction of two 
new "tax preference" items, intan- 
gible drilling expenses and itemi- 
zed deductions, and a reduction in 
the tax preference exclusion; and, 

(12) related to (10), an 
increase from 10 to 15 percent in 
the tax rate used to compute the 
"additional tax for tax prefer- 
ences" (minimum tax). 

A description of each of these 
new items is given in section 6, 
Explanation of Classifications and 
Terms, while further information 
and the data for these items is 
shown in section 1, Returns Filed 
and Sources of Income, in section 
3, Tax Computation and Tax Rates, 
and in section 4, Taxpayers Age 65 
or Over and Credit for the Elderly. 

In addition to the law changes 
described above (all except the 
last four were, in general, 
designed to reduce tax liability), 
the Tax Reform Act of 1976 
contained three provisions whose 
purpose was to increase the taxes 
paid by certain groups of 
taxpayers : 

(1) a phase-out was intro- 
duced in the computation of the 
credit for the elderly for tax- 
payers with higher incomes; this 
phase-out was applicable to single 
taxpayers with adjusted gross 
incomes over $7,500, and married 
couples with combined adjusted 
gross incomes over $10,000, and 
completely eliminated the credit 
for single persons with $12,500, 
and married couples with $17,500 
or more in income. 



(2) the sick pay exclusion 
was abolished and a much more 
restrictive disability pay ex- 
clusion was introduced which was 
applicable only to persons under 
age 65 who were totally and per- 
manently disabled. The disability 
pay exclusion provision included a 
phase-out provision for taxpayers 
whose adjusted gross incomes (with- 
out regard to this exclusion) 
exceeded $15,000, and eliminated 
the exclusion entirely for tax- 
payers whose incomes exceeded 
$20,200 ($25,400 in the case of a 
married couple, where both spouses 
were eligible for the exclusion). 

(3) the amount of income 
earned abroad which could be 
exempted from taxation was de- 
creased to $15,000 (the amount for 
previous years was $20,000 or 
$25,000, depending on the amount 
of time spent abroad); higher tax 
rates were then applied to the 
remaining (non-exempt) income. ' 

Effective dates for these 
provisions of the Tax Reform Act 
of 1976 were later postponed for 
one year by the Tax Reduction and 
Simplification Act of 1977. How- 
ever, since the latter was enacted 
after April 15, 1977, the filing 
deadline for most 1976 returns, 
most taxpayers who wished to take 
advantage of its liberalized 
provisions had to file amended 
returns. Amended filings reflect- ! 
ing the restored sick pay exclusion 
and the $20,000 or $25,000 foreign I 
earned income exemption are includ- 
ed in this report; however, amended 
filings on the credit for the 
elderly are not. See section 1, 
Returns Filed and Sources of 
Income, for a complete description 
of these law changes and their 
effect on the data. 

An added provision of the Tax 
Reform Act of 1976 required that 
data be published on taxpayers 
with incomes of $200,000 or more 
(section 2123), including the 
number of such taxpayers that 
filed nontaxable returns. Table 
1.11 of section 1 presents statis- 
tics in compliance with the Act. 



action 1 



Returns Filed 
and Sources 
of Income 



itents 

reduction, 2 

tutory adjustments to gross 

3me, 2 

< pay exclusion, 2 

mpt income earned abroad, 3 

n-income returns, taxable and 

taxable, 4 

t tables 
Sources of income and selectee 
tax items, 1975 and 1976, 2 
Number of returns by marital 
status and size of adjusted 
gross income, 3 
All returns and nontaxable 
returns by size of adjusted 
gross income, 1969-1976,4 
Number of nontaxable returns, 
classified by size of income 
under alternative concepts, 5 



rts 
Returns filed, 


1967-1976, by 


size of adjust 
1 


ed gross income 



Basic tables 

1.1 Selected income and tax 
items, by size and accumu- 
lated size of adjusted gross 
income, 7 

1.2 Nonjoint returns: adjusted 
gross income, total deduc- 
tions, exemptions, and tax 
items by size of adjusted 
gross income and by marital 
status, 11 

1.3 Nonjoint returns: sources of 
income by marital status, 15 

1.4 All returns: sources of 
income, deductions, and tax 
items by size of adjusted 
gross income, 17 

1.5 Joint returns: sources of 
income, deductions, and tax 
items by size of adjusted 
gross income, 22 

1.6 All returns: computation of 
adjusted gross income, 26 

1.7 Nontaxable returns: sources 
of income, deductions, and 
tax items by size of adjusted 
gross income and deficit, 34 



Returns with and without 
presidential campaign fund 
checkoff: response boxes 
checked by marital status and 
size of adjusted gross income, 

36 

Form 1040A returns: sources 
of income and income tax 
after credits by marital 
status, 37 

Form 1040A returns: sources 
of income, deductions, and 
tax items by size of adjusted 
gross income, 38 
All returns, taxable returns, 
and nontaxable returns: 
number of returns, income, 
deductions, and credits, by 
size of income under alterna- 
tive concepts, 44 
Selected income items by size 
of specified income, 50 



Chart 1A 



Returns 

filed 

1967-1976, 

by 

size of 

adjusted 

gross 

income 



The number ot returns 
filed reflects, in part, 
the changes in filing 
requirements for 1970. 
1971, 1972, 1975 
and 1976, 



Millions of returns 
100 




1971 1972 1973 1974 1975 1976 



Individual Retums/1976 . Returns Filed and Sources of Income 



Introduction 

The information presented in 
this section covers primarily the 
number of returns filed for Income 
Year 1976 and the sources of in- 
come, including the statutory 
adjustments to gross income, 
reported on these returns. The 
major classifications of these 
returns are size of adjusted gross 
income, marital status, and taxa- 
bility or nontaxability of the 
return. Characteristics, such as 
sources of income and selected tax 
items, of the returns filed for 
1976 compared to 1975 are sumna- 
rized in table lA. A comparison 
of the number of returns for 
selected income levels for the 
past decade is shown in chart lA. 
Topics of special interest for 
which data are presented are 
nontaxable returns, high-income 
returns, returns of taxpayers 
filing Form 1040A, and returns 
with positive response to the 
presidential election campaign 
fund checkoff question. 

Statutory Adjustments to Gross 
Income 

Adjustments to gross income 
included expenses incurred by 
business men and women or by 
farmers in the course of running 
a business, as well as certain 
expenses of employees such as 
moving or travel expenses. Sole 
proprietorship expenses were re- 
ported on Schedules C and F (or, 
in the case of partnerships or 
Small Business Corporations elect- 
ing to be taxed through their 
stockholders, on the appropriate 



forms filled in by these enti- 
ties), and are detailed in the 
reports Statistics of Income — 
Business Income Tax Returns and 
Statistics of Income--Corporation 
Income Tax Returns . 

Statutory adjustments were 
reported on Form 1040 and con- 
sisted of the sick pay exclusion, 
moving expense deduction, employee 
business expense deduction, self- 
employed retirement deduction, 
forfeited interest penalty (for 
premature withdrawal of funds from 
a time savings account), and pay- 
ments to an "individual retirement 
account" (IRA). Data on total 
statutory adjustments, sick pay 
exclusion, and payments to an 
individual retirement account are 
shown in table 1.6. Data on other 
adjustments were not tabulated for 
1976. Tax law changes affecting 
the sick pay exclusion are 
discussed below. 



Sick Pay Exclusion 

For Tax Years 1975 and 
earlier, employees were allowed to 
exclude from salaries and wages up 
to $5,200 (not to exceed $100 per 
week) in income received for 
periods of absence due to injury 
or sickness. The Tax Reform Act 
of 1976 abolished this "sick pay" 
exclusion and, instead, provided 
for a much more restrictive 
"disability income" exclusion, 
available only to persons under 
age 65 who were totally and 
permanently disabled. This 
disability income exclusion was 
further restricted by a phase-out 
provision for taxpayers whose 



adjusted gross incomes (before 
subtracting for this exclusion) 
exceeded $15,000, and was elimi- 
nated entirely for taxpayers whose 
incomes exceeded $20,200 ($25,400 
in the case of married couples 
where both spouses were eligible 
for the exclusion). 

This provision of the Tax 
Reform Act of 1976 was later 
postponed for one year by the Tax 
Reduction and Simplification Act 
of 1977. However, since the latter 
was enacted after April 15, 1977, 
the filing deadline for most 1976 
returns, taxpayers who wished to 
compute their tax liability using 
the more liberal provisions of the 
former sick pay exclusion had to 
file amended returns in order to 
obtain a tax refund. Therefore, 
in order to more accurately re- 
flect the effects of these two 
Acts and the tax activity for 
1976, it was necessary to use 
information from these amended 
returns for this report, although 
Statistics of Income normally 
excludes amended returns (see 
section 7, Sources of the Data). 

After the close of the filing 
period for 1976, a list of amended 
returns whose decrease in total 
tax liability was attributed to 
the sick pay exclusion was obtainec^ 
from the Internal Revenue Service's 
Individual Master File maintained 
for tax administration purposes. 
This change in total tax liability 
was then transferred to each 
appropriate return in the 
Statistics of Income sample and 
the correct amount of sick pay 
exclusion was then computed by 
working back from the new tax 
figure. Published data on the 



Table 1 A.— Sources of 

[All figures are estimati 



and Selected Tax Items, 1975 and 1976 

samples— money amounts a;e in thousands of dollars] 




795,399,463 
39,421,476 
3,563,322 
10.751,316 



3,432,697 
1,769,380 
2,554,323 
24,537,552 



595.492,867 

8,069,845 

124,382,199 

144,099 

124,526.298 

3.376,045 

127,938,933 



44,499.461 
3.455.781 
11.682.470 

1.875.986 
18561.853 
24,461.943 
48.588.111 



2.027.427 
2.871.407 
27,306.117 

16.284.275 
674,866.988 

12.732.959 
140,801.196 



2,441,057 

2,930,6 



85,599,168 
5,077.985 
-107,541 
931,154 



s from individual ri 



Individual Retum3/1976 



Returns Filed and Sources of Income 



Table 1B.-Number of Returns by Marital Status and Size of Adjusted Gross Income 




;k. pay 
(ain u 
( sons . 
re Che taxpayer re 



ion, however, 
ted for three 
, in the few cases 
both 



ick pay exclusion and other 
inges to income on the amended 
urn and there was no resulting 
Jinge to total tax liability, it 
r. not possible to determine the 
lount of sick pay excluded by 
irking back from the tax. 
i:ond, prior to the 1976 Act 
me taxpayers received a disa- 
sLity pension, all of which, 
s:il the taxpayer reached 

iidatory retirement age or age 
, was treated as taxable except 
l!r the amount of the sick pay 
illusion to which the taxpayers 
ire entitled. When these tax- 
j/ers reached retirement age, 

I ay were no longer entitled to 
3 the sick pay exclusion, but 
uld then subtract their "basis" 
heir own contributions to their 
iitirement plans'), if any, from 
le amount of the pension received 
(r the year in order to avoid 
txation. (See also "Pensions and 
inuities" in section 6, Explana- 
ton of Classifications and Terms.) 
tth the passage of the Tax Reform 
(t of 1976, these taxpayers lost 
^e use of the sick pay exclusion 
It could still claim, for 1976, 
le nontaxable portion of their 
Insions on their returns in order 
ri avoid taxation. When the rules 
t>verning the sick pay exclusion 



were postponed for one year, these 
taxpayers were not required to 
file amended returns in order to 
convert the nontaxable pension 
income back to the sick pay exclu- 
sion if that change resulted in no 
adjustment to the tax liability. 
The amount of nontaxable pensions 
which could have been offset by a 
sick pay exclusion was allowed to 
be carried forward to the taxpay- 
er's 1977 return and reclaimed as 
a nontaxable pension. To the 
extent that these taxpayers took 
advantage of this provision, the 
data for "total pensions and 
annuities", "partially taxable 
pensions and annuities," and 
"nontaxable pensions and annuities 
as shown in table 1.6 are slightly 
overstated. The third reason the 
data for sick pay exclusion are 
understated is that not all returns 
amended because of the sick pay 
exclusion were available at the 
time the data were compiled for 
this report. This is because 
taxpayers had 3 years from the due 
date of the return to amend any 
information reported. 



Exempt Ir 



Earned Abroad 



The Tax Reform Act of 1976 
contained a provision designed to 
increase the taxes paid by persons 
living and working abroad. Previ- 
ously, these taxpayers had been 
able to exempt from taxation the 



first $20,000 or $25,000 (depending 
on the amount of time spent abroad) 
of "earned income." (For the de- 
finition of "earned income," see 
"Income Earned Abroad" in section 
6, Explanation of Classifications 
and Terms.) Under the 1976 Act, 
this exemption amount was decreased 
to $15,000 and, in addition, the 
method of computing the tax on the 
remaining income was changed, 
primarily by applying higher tax 
rates to it. This provision was 
later postponed for one year by 
the Tax Reduction and 
Simplification Act of 1977. Even 
though this latter Act was passed 
before the special June 15, 1977, 
filing date for taxpayers living 
abroad (and reporting for Calendar 
Year 1976), many individuals had 
already filed their returns 
according to the 1976 Act 
provisions. In order to take 
advantage of the postponement of 
the 1976 Act, these taxpayers had 
to file amended returns. 

All returns in the Statistics 
of Income sample were corrected, 
for purposes of this report, to 
reflect the changes brought about 
by the 1977 Act. When available, 
data from amended returns were 
used to determine the correct 
exemption amount ($20,000 or 
$25,000) in the same way they were 
used for the data on sick pay 
exclusion (described above). In 
the event that an amended return 



Individual Retums/1976 • Returns Filed and Sources of Income 



Table IC— All Returns and Nontaxable Returns by Size of Adjusted Gross Income, 1969—1976 

[All figures are estimates tiased on samples] 



Size o( adjusted gross income 


Number of 
returns 




Number ol 


Nontaxable returns 


Number 


Percent of 
all returns 


Number 


Percent of 




1969 




1970 




75,«34,36a 

31,405.265 
22,657,528 
13,649.392 
4.721,696 
1.536601 
645,888 

807,497 
328,410 
63,605 
14,786 
2,509 
1,211 


12,112,994 

11,708,022 

364,981 

23.993 

7.720 

2.993 

857 

2,204 
1,479 
445 
186 
60 
52 


16.0 

37,3 

^1 
02 
02 
01 

03 
05 
07 
1.3 
2.4 
4,3 


74,279,831 

28.308.034 
22.303.067 
14.106.019 
5.538.453 
1,909.167 
766.235 

918,188 
350,978 
62,467 
12.830 
1,751 
642 


14,962,460 

25.118 
6.553 
2.816 
1.759 

2.002 
937 
289 
90 
18 
3 


20.1 








S10000 under $15 000 




(15000 under J20 000 












S30000 under $50000 




$50000 under $100000 








$200 000 under $500 000 




$500 000 under $1 000 000 














1971 


1972 




74,576,407 

27,155,048 
21.443,479 
14,604,270 
6,453,851 
2,377,638 
966,565 

1,077,844 

404,692 

72,856 

15,089 

2192 

883 


14,660,035 

14,002,305 
602,100 
37,416 
7.834 
4.476 
1.642 

i 


19.7 

51.6 
2.8 
0-3 
0.1 
0.2 
0.2 

03 

03 
04 
0,6 
0,3 


77,572,730 

26.963.312 
21.175.854 
15.364.155 
7.773.413 
3.093.728 
1.266,377 

1,337,578 

483,677 

91,707 

19.233 

2.666 


16.703,713 

15.738.952 
850.252 
79.852 
18.266 
6.388 
4,734 

3,254 

1,590 
317 
88 

6 










^0 


$16,000 under $20,000 

$20,000 under $25,000 


02 
0-2 


















$5m'000 urX $1000000 














1973 


1974 


Total 


80,692,587 

27.037.618 
20.581.732 
15,804,109 
9,091,001 
3,943,993 
1,741.991 

1,759,837 
596,663 
110,176 

903 


16,425,425 

15.491.830 
797.608 
77.445 

9:769 
5.131 

7.312 
2.466 
458 
142 

7 


20.4 

57,3 
39 
0,5 
04 
03 
03 

0,4 
0,4 
0.4 
0,7 
0.6 


83,340,190 

26,766.673 
20.586.617 
15.670.258 
10.071.087 
4.944.795 
2.259.928 

2.173,868 
700,528 
135.304 
26.842 

1.096 


16,005,423 

15,046.441 
797.997 
104.725 
25.517 
12290 
5,881 

8,939 
2.667 
722 
196 
36 
12 


19.2 










$10 000 under $15 000 
























$100 000 under $200 000 














, ^ 








1975 


1976 




•2,229,332 

24,901,853 
19,952,914 
14,963,680 
10,353,534 
5,598,117 
2,744,255 

2747,618 

781,406 

152,349 

29,193 

3,289 

1,124 


20,738,595 

17.734.874 
2614.553 
239.408 
93.206 
27.110 
10.321 

13.145 
4.984 
734 
204 

12 


25.2 

712 
131 
16 
09 
05 
04 

05 
0,6 
05 
07 
1,3 
1,1 


84,670,389 

23.935.751 
19.892.956 
14.551.350 
11.197.191 
6.649.622 
3.629,532 

3.639.050 

948,034 

185.142 

36.357 

4.047 

1,357 


20,249.022 

17.127.463 
2.757.467 
222.449 
70.151 
31.095 
17.107 

19.550 
3.180 












$10000 under $15000 :::;:::::::::::;::::::::::::::;::::: 






06 






$25,000 under $30,000 


05 


















$1,000,000 or more 





"Identilies (a) sae classes for wtitcti d 
NOTE, Detail may not add lo total be« 



had not yet been filed, evidence 
of length of time abroad (based on 
prior years' filings) was used for 
the exemption amount. If there 
was no other information avail- 
able, the lesser of income earned 
abroad or $20,000 was estimated 
for the statistics as the exemp- 
tion amount. Once the amount of 
exempt earned income had been 
determined, the amount of tax was 
then recomputed for the statistics. 



High-Income Returns, Taxable and 
Nontaxable 

The Tax Reform Act of 1976 
mandated the annual publication of 
"information on the amount of tax 
paid by individual taxpayers with 
high total incomes", as well as 
"the number of such individuals... 
who owe no Federal income tax." 
The law specified that, in addi- 
tion to adjusted gross income, 



three additional income concepts 
were to be used as classifiers: 
adjusted gross income plus tax 
preferences; adjusted gross income 
less investment interest; and 
"expanded income," which was 
arrived at by both adding tax 
preferences to and subtracting 
investment interest from adjusted 
gross income. 

Neither tax preferences nor 
investment interest were available 



Individual Retums/1976 • Returns Filed and Sources of Income 



re form from the tax return, 
he case of tax preferences 
>unts of income afforded special 

atment'), only the following 
were readily identified from 
tax returns: the dividend 
usion of up to $100 per 
ayer receiving qualified 
dends (which was not con- 
red to be a tax preference for 
oses of computing the addi- 
lal tax for tax preferences, as 

ibed below) and the capital 
is exclusion, equal to one-half 
he excess of net long-term 
tal gains over net short-term 
tal losses. If the sum of the 
uded capital gains plus other 
preferences (described below) 
eded $10,000 ($5,000 in the 
^i of married persons filing 
iarate returns), the taxpayer 
I supposed to file a Form 4625 
]:ompute the additional tax for 
1 preferences (minimum tax). 
: such taxpayers, the tax 
(ferences excluded from adjusted 
|ss income, as tabulated in 
lie l.U, also included the 
ilowing items from Form 4625: 
: excess of accelerated 
sreciation on certain real 
tperty and all leased personal 



property over depreciation 
computed under the straight-line 
method; the excess of rapid 
amortization allowable on certain 
capital expenditures (such as 
pollution control facilities) over 
the normal depreciation deduc- 
tion otherwise allowable; the 
excess of percentage depletion 
over the "adjusted basis" of the 
property; the unrealized gain on 
the exercise of stock options; the 
amounts set aside as bad debt 
reserves by financial institutions 
in excess of the amounts needed on 
the basis of actual past experi- 
ence; and, beginning with 1976, 
intangible drilling costs to the 
extent that any amount deducted as 
a current expense exceeded the 
amount that could have been 
charged to capital and deducted 
over the applicable number of 
years. One tax preference item 
from Form 4625 that was not in- 
cluded in the tabulations for 
table 1.11 was the itemized 
deduction tax preference (new for 
1976; see "Additional Tax for Tax 
Preferences" in section 3, Tax 
Computation and Tax Rates; and 
"Tax Preferences" in section 6, 
Explanation of Classifications and 



Terms). In contrast to the other 
items on Form 4625, the itemized 
deduction tax preference was not 
excluded or deducted in arriving 
at adjusted gross income, but was 
rather a deduction from adjusted 
gross income in arriving at taxa- 
ble income; therefore, it did not 
qualify as a tax preference exclud- 
ed from adjusted gross income and 
was thus not applicable to any of 
the three income concepts. 

The purpose of adding tax 
preferences to adjusted gross 
income was to obtain a measure of 
total income which treated various 
sources of income more nearly 
equally, i.e., to include the full 
amount of each source, before any 
exclusions or reductions allowed 
under the Internal Revenue Code. 
Similarly, the purpose of sub- 
tracting investment interest was 
to obtain a more nearly equal 
treatment of various types of 
expenses. In making out their tax 
returns, taxpayers who borrowed 
money for investment purposes 
included the gross income from 
those investments in their adjusted 
gross incomes and deducted the 
interest on the borrowed money as 
part of their itemized deductions. 



Table 1D.— Number of Nontaxable Returns, Classified by Size of Income Under Alternative Concepts 





Total 
number of 
returns 


Sae of expanded income' 


Size 01 adjusted gross income 


Under 
$50,000 


$50,000 
under 
$100,000 


$100,000 

under 
$200,000 


$200,000 
more 




(1) 


(« 


(31 


(4| 


(5) 




».24>,022 

20.245.282 

3.180 

492 

60 

8 


20^44.296 

20,243.890 
393 
•3 
10 


4,104 

1,271 
2.765 
•64 


533 

109 
•7 
406 


^ 


det $50 000 




)00O under $100 000 


•16 








DO 000 or more 










Size ol adjusted gross income plus tax preferences 


Size ot adiusted gross income 


Under 
$50,000 


$50,000 
under 
$100,000 


$100,000 
$200,000 


$200,000 




(6) 


(7) 


(8) 


(9) 


Total 


20^43,728 

20,243.728 


4,4M 

1,432 
3,048 


700 

473 


114 


xter $50000 . . 




40OO under $100000 








■OO.OOO under $500,000 

flO.OOOor more 


60 
8 




Size of adjusted gross income less investment interesl 


Size of adjusted gross income 


Under 
$50,000 


$50,000 
under 
$100,000 


$100,000 
$200,000 


$200,000 




(10) 


(111 


(12) 


(13) 




20.245,824 

20,245,282 
504 
•27 
"11 


2,721 

2.676 

•40 

5 


435 

425 
10 


42 


nder $50 000 








00,000 under $200,000 


••4I 


lOOOOO or more 









Individual Returns/ 1976 . Returns Filed and Sources of Income 



This was in contrast to the tax 
treatment of business and farm 
taxpayers, who deducted their 
business expenses from their 
business incomes and included only 
the net amount of business income 
in their adjusted gross incomes. 
In other words, the purpose of 
subtracting investment interest 
from adjusted gross income was to 
have an income concept that in- 
cluded the "net" amount of invest- 
ment income (income less allocable 
expenses), just as it included the 
"net" amount of business or farm 
i ncome . 

Since most taxpayers were not 
required to identify on their 
returns all of the interest on 
amounts borrowed strictly for 
investment purposes, it was nec- 
essary to approximate an amount of 
"investment interest" for the 
statistics. The method used was 
to consider all interest deducted 
other than the amount reported on 
the separate "home mortgage inter- 
est" line as being potential 
investment interest. However, the 
amount tabulated for purposes of 
table 1.11 as investment interest 
expense was limited so as not to 
exceed the amount of investment 
income (interest received, divi- 
dends, and capital gains) included 
in the taxpayer's total income. 



Because four different income 
concepts were used for table 1.11 
and because these concepts took 
into account differing amounts of 
investment income, the investment 
interest expense was limited 
depending on the income concept 
used for the tabulation. Thus, 
for those income concepts which 
did not include tax preferences 
(adjusted gross income and ad- 
justed gross income less invest- 
ment interest), dividends after 
exclusion and one-half excess net 
long-term capital gains were used 
as the basis for computing invest- 
ment interest expenses. However, 
for those income concepts which 
included tax preferences (adjusted 
gross income plus tax preferences 
and expanded income), dividends 
before exclusion and the full 
amount of excess net long-term 
capital gains were used. A 
step-by-step description of this 
computation is shown under 
"Investment Interest" in section 
6, Explanation of Classifications 
and Terms . 

Table ID shows the shifts in 
the number of returns from one 
income class to another that 
resulted from adding tax prefer- 
ences to adjusted gross income, 
from subtracting investment 
interest, and from making both 



adjustments. Depending on which 
income concept was used, the num- 
ber of "high-income nontaxables" 
(returns with "total income" of 
$200,000 or more and no "total 
income tax") varied from 42 to 114. 

The number of "high-income non- 
taxables" in this report represents 
a sharp decrease from the number 
for 1975, when they varied from 126' 
(based on adjusted gross income 
minus investment interest) to 363 
(based on adjusted gross income 
plus tax preferences). The reason 
for this decrease lies largely in 
the change in the computation of 
additional tax for tax preferences 
(minimum tax) as required by the 
Tax Reform Act of 1976. See 
section 3, Tax Computation and Tax 
Rates, for a description of these 
changes and for the data on the 
minimum tax. 

In addition to the data on 
nontaxable returns in tables ID 
and 1.11, a detailed analysis, 
showing the reasons for nontaxa- 
bility, is available in a report. 
High Income T a x Returns, 1975 and 
1976, from the Office of Tax 
Analysis, U.S. Department of the 
Treasury, Washington, DC 20220. 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.1— Selected Income and Tax Items, by 

iAN ligures are estimates based on samples— money amounts are in thousands 



Size and Accumulated Size of Adjusted Gross Income 



Adjusted gross income 



Size ol Ad|ust«l Grou li 

ToUl 

No adjusted gross income 
$1 under $1.5oO 
$1,000 under $2,000 
$2,000 under $3,000 
$3,000 under $4,000 
$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10,000 under $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 $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 



546.763 
4,249.194 
5.244.990 



4.634.358 
4.265.839 
3,946,4 
3,679,057 



3.219.533 
2.915.971 
2,927.598 
2,757.510 
2.730,738 

11.197.191 
6.649.622 
3.629.532 
3,639.050 
948.034 



2,427.174 
7,760,6 
12,572,750 
15.885,379 
19.541.497 



29.589.451 
31.248.420 
31.937,640 

33.785,374 
33.515.802 
36.584.869 
37.202,225 
39.599,285 



98,784,280 
132.893.393 
62.415.723 



12.497 
13.491 
14.501 

17,342 
22,241 
27.217 
36.519 
65.837 



1.113.847 
2.836.152 
2.786.904 



3,498.087 
3,595.258 
3,480.254 
3,255.190 



22.753.344 
26.986.767 
29.557,832 
30,875,860 



36,100,256 
36.758,571 
39.292.699 



24,110524 
10154,184 
2.690,434 
2,863.966 



I under $6,000 
I under $7,000 
I under $8,000 



546.763 

4,249,1 

9.494,1 
14.525.759 
19.057,280 
23.388,9 

28.023.346 
32.289.185 
36.235.6- 



52,345.046 

55,102,5 

57,833,294 



2.427,174 
10.187.8 
22.760.560 
38.645.939 
58,187.436 

83,580,209 
111,268.264 
140.857,715 
172.106.134 
204,043.774 

237.829.148 
271.344.951 
307.929,820 
345.132.045 
384.731,330 



5.114 
5.491 
5.883 



64.839 
1.178.686 
4,014.838 
6.801.742 



27.074,402 

29.943,506 

32.832.1 

35.556.635 

38.266.132 



94,252 
3,211,623 
13.194,1 
25.775.390 



66,676.803 
93,663,570 
123,221. 



I under $200,000 
I under $1,000,000 



84,118.222 
84,122,269 
84.123,626 



1.045.073.935 
1.055.245.231 
1.057.939.789 
1.060,805.806 



12.429 
12.545 
12.576 



59,624,124 
63,243,624 
64,188,478 

64,373,128 
64,409,425 
64.413.4 



989.163.539 
999.317.723 
1.002.008.157 
1.004.872.123 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.1— Selected Income and Tax Items, by Size and Accumulated Size of Adjusted Gross Income — Continued 

[All figures are estimates based on samples— money amounts are in ttiousands of dollars] 





All returns 


Taxable returns 


of adjusted gross income 


Number of 


Percent of 
total 


Adjusted gross income 


Number of 


Percent of 
total 


Adiusted gross income 
lessdefiot 


Am.nt 


Percent of 
total' 


Average 
IDolla^ 


Amount 


Percent of 
total' 




(1) 


(21 


(31 


(4) 


(5) 


(6| 


(7) 


(8) 


(9) 


Cumulatwl From Larg«<t Size ot Adiinted Grosi Incoim 

SI 000 000 or more 


1,357 

5,404 

41,761 

226,903 

1,174,937 

4,813,987 
8,443,519 
15,093,141 
26,290,332 
29,021,070 

31,778,580 
34,706,178 
37.622,149 
40,841,682 
44,208,965 

47,888,022 
61.834,441 
66.100,260 
60,734.638 
65.066.346 

69.597.867 
74.629,442 
79,874,432 
84.123,626 

84,670,389 


(') 
(•) 
(') 
0.3 

5.7 
10.0 
178 
31.1 
34,3 

37,5 
41.0 

482 
522 

56.6 
61.2 
66.3 

76^8 

822 
881 
94.3 
99.4 

100.0 


2.866,017 
6.660,576 
16,731,871 
39.905,482 
102.321,205 

235.214,598 
333.998,878 
481.890,023 
676,074,476 
715.673,761 

752,875,986 
789,460,856 
822,976,658 
856,762,032 
888,699,672 

919.948.092 
949.637,543 
977.225.697 
1,002,618,370 
1,022,159,867 

1,038,045,246 
1,050,617.996 
1,058,378,632 
1,060.805,806 

1.053,895,687 


03 
05 
16 
3.8 
9.6 

222 

31,6 
464 
63.7 
67.6 

71.0 
74.4 
77.6 
80.8 
83.8 

86.7 
89.5 
92.1 
94.5 

979 
99.0 
99-8 
100.0 


2.112,024 
1.028.974 
376.712 
175,870 
87,087 

48,861 
39,557 
31,928 
25,716 
24,660 

23,691 
22,747 
21,876 
20,978 
20,102 

19,210 
18.319 
17.419 
16.608 
15.710 

14.915 
14.078 
13.261 
12.610 

12,447 


1,366 
6.396 

1,171.197 

4,790,697 
8,403,122 
15,021,649 
26,148,689 
28,858,186 

31,682,660 
34,471,315 
37,340,419 
40.477.590 
43.732.780 

47.213.034 
50,808,292 
54,306,379 
57,613.079 
60,399,983 

63,236,135 
64,349,982 
64,414,445 
64,414,821 

64,421,367 


01 
04 
1,8 

74 
130 
23.3 
40.6 
44.8 

49.0 
53.5 
580 

Ifl 

73,3 
789 

894 
93 8 

98,2 
99.9 
100-0 
100-0 

100.0 


2.863,966 
6,654,400 
16,708,584 
39,819,108 
102.039.573 

234.231,284 
332.540,223 
479,747,596 
672,727,543 
712,020,242 

746,778,812 
784,879,068 
817,853,428 
850,774,862 
881,650,721 

911,208,563 
938,195,320 
960,946,664 
979,096,733 
991,677,984 

1,001,660,500 
1,004,777,871 
1,004,871,851 
1,004,872,123 

1,004,445,707 


03 














$50 000 or more 


10,2 
















669 






$13000 or more 


74.5 




781 












877 






voooormore :":::;::::::::::::::;:;:: 


93.4 




9S.6 






MOW or more 






99.7 












100.0 











Footnotes «l end ot table. 



Individual Returns/1976 • Returns Filed and Sources of Income 






MO aaiusiea gross income 

$1 unto $1,000 

Jl.OOOundef $2,000 

$2,000 undef $3,000 

$3,000 und9i$<.0O0 

$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 $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 $30,000 .... 
$30,000 under $50,000 .... 
$50,000 under $100,000 .. 

$100,000 under $200,000 . 
$200,000 under $500,000 
$500,000 under $1,000,000 



1,113.603 
2,834.881 
2.786.765 

3.306,427 
3.496,348 
3.595.074 
3.478.710 
3.255.118 



11.126.654 
6.618.271 
3.611.922 
3,618,722 



4.394,972 
6,723.710 
7.970.693 



20.320,031 
22.555,453 
23.485123 
25,322.379 

127,382.286 
102,584,723 
71,035,013 
98.970,445 
48.436,106 

19.299.039 
8.018.224 
2.039.407 
2,150.698 



1.177,917 
4.012,798 
6.799,563 


551,721 
3,495,826 
8.689.531 


10.105.990 
13.602.338 
17.197.412 
20.676.122 
23.931,240 


17,380,834 
28,963.943 
43.378.915 
60,102.625 
78,073.318 


27.068,164 
29.936,743 
32.825180 
35.549,401 
38,258,892 


97,817,541 
118,137.572 
140,693,025 
164,178,147 
189,500.526 


49,385,546 
56,003,817 
59.615.739 
63.234.461 
64.178.659 


316,882.812 
419,467.535 
490,502.548 
589,472.993 
637,909.099 


64.362.914 
64.399.083 
64.403.093 
64,404.440 


657.208.138 
665,226.362 
667,265.769 
669,416.468 



1.113,589 
2.834.881 
2.786.765 


329!52; 
676.771 


3.306.374 
3,497.342 
3,594.964 
3,479,992 
3.253,786 


1,169.700 
1,538,656 
2,013,111 
2.460,156 
2.721,621 


3.135.291 
2.868.758 
2.888,346 
2.723.986 
2.708,182 


3.041.361 
3.212,428 
3,605.525 
3,860.516 
4,224.812 



10.105,923 
13,603.265 
17,198.229 
20,678.221 
23,932.007 



32,824,402 
35,548,388 
38,256,570 



64,355,250 
64.391,301 
64.395.300 
64.396,638 



8.287,057 
4.120.764 
1.185.226 
1.339.36' 



2.212.881 
3,751,537 
5764,648 
8,224,804 
10,946.425 

13,987.785 
17,200.214 
20,805,739 



134,155,642 
138.276,406 
139,461,632 
140.800.992 



4.429 
33.491 
331.048 
677.754 

1,170. 

1,540.608 

2.014.429 



22,460.697 
19,713.963 
14,818.858 
24,117.607 
16.256.779 

8.476.194 
4.285.569 
1.268.055 
1.447.872 



2.218,329 
3.758.937 
5.773.367 
8.234.065 
10,957.645 

14,000.838 
17,216.274 
20,822,381 



51.377,652 
71.091.605 
85.910.463 
110.028.070 
126.284.849 

134,761.043 
139,046.612 
140,314.667 



2.979 
4.102 
6.663 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.1— Selected 

[All figures are estimates based o 



and Tax Items, by Size and Accumulated Size of Adjusted Gross Income— Continued 

ints are in thousands of dollars] 



Average 
(Dollars) 



rom Lar««t Sin of 
Adjuited Gron lncom« 

$1,000,000 01 rtiore 

$500,000 or more 

$200,000 or more 

$100,000 or more 

$50,000 or more 

$30,000 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 

$7^000 or more '.'.'.'.'. 

$5!000ormore [[\\\[[\[\"Z'.'.'.'.'.Z'.y.' 
$4,000 or more 

$3,000 or more 

$2,000 or more 

$1,000 or more 



5,357 
41,526 
225,781 



178,913, 

249,948,933 

352.533,656 

479,915,94- 

505.238.32- 

528.723,443 

551,278, 

571,598,927 

591,343,150 

609,313,843 



640,432,525 
652,035,633 
660,726,937 



31,572,236 
34,460,582 
37,329,340 
40,464,63 
43,718.417 



50.793.373 
54.290.715 
57.597. 



63.218.735 
64.332.324 
64.396.638 
64.396.638 



1,339,361 
2,524,587 
6,645,350 



54,982,446 
69,780,357 
89,475,330 
111,909.926 



123.600.779 
126.813.207 
129.854.568 
132.576.189 



120.940,158 
124,546,265 
127,761,700 
130,804,893 
133,528,474 

135,989,172 
138,003,601 
139,544,210 
140,714,759 
141,392,512 



141,762,539 
141,801.470 



8,410 
6,017 
4,316 
4,057 



2,880 
2,716 
2,570 
2,442 
2,341 

2^41 
2.203 
2.201 
2,201 



'Percent twsed on positive ir 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



1.2— Nonjolnt Returns: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of Adjusted Gross 
le and by Marital Status 



figures are esbmates based on samples— nxiney i 



; iie in mousands ol dollars| 



Sae ol adjusted gross income 




1.276.693 
912.1M 
580.675 
617.522 
248.235 

237.800 
79.399 
17.218 



19.676.443 
12.013.795 
5.249.064 
2.078.431 
1.213.724 



24.396.288 

19,156.144 
15.474.508 



8,848.760 
5.266.077 
2.269.585 
1.244,946 



24.322.323 
19.063.077 
15.445,526 
10.983.594 
13.588.315 
6.727.764 

6.714.608 
5.254.888 
2.252174 
1.239.093 
"1.122.648 



9.076.768 
7.397.122 
5,527.741 

4.546.753 
3.611.092 
2.827. 
1.953.922 



1.195.537 
1.605.650 



173.931 
56^7,006 



32.631.512 
22,022.820 
11.969,052 



42.305.640 

7,492,47. 
7,659,26< 
6.756,79- 



328,538 
114,517 
25,587 



27.627,403 

50,327 
3.180236 
4,723,976 
5,235,337 
4,372,293 



1,440.260 
1.148.378 
697.175 



6.029.777 
2,528,657 
1,566,428 



64,314 
3,948,207 
5,268,066 



1,877,747 
1,276.691 
912.153 
580.874 
617.451 
248.234 



5.236.684 
2.074,550 
1,208,719 



20,605,894 
17,690,936 



5.273,482 

6,980,836 
4,049,029 
1,729,864 
926,686 
330,402 
501,791 



42,51 
3,453,09 
12,800,05 
20,079,835 
22,496,305 
20,585.830 

17,666,935 
14,082345 
11,500,585 

8,371, 
10,494, 

5,227,790 

6,969,472 



4,850,915 

3,806, 

2,651,485 

1,877,747 
1,276,69' 
912,153 



5,268,056 
4,850,915 
3,806,757 
2,651,485 



6,543,659 
11.394.577 
5.227.162 
2.071,781 



2.944, 
3.655. 
3.586.594 

3.274.342 
2770,753 
2.370.956 



2.025.070 
1.533.05' 
817.512 
519.097 



2.944.080 
3.655.633 
3.586.594 

3.274.342 
2.770.753 
2.370.956 



65.827 
3.948.2 
5.268.01 



1.276.693 
912.154 
580.875 
617.522 
248.235 



6.545.221 
11.394.794 
5.227.374 
2.071.792 
1.205.471 



3.274.721 
2.770.973 
2.378.384 



1,568.365 
845,530 
540,086 
216.234 



3.274.721 
2.770.973 
2.378.384 



540.086 
216.234 
335.386 



7.689.638 
8.317.738 
5.505.338 
9.300.829 



12 



Individual Returns/1976 • Returns Filed and Sources of Income 



Table 1.2— Nonjoint Returns: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by 
d by Marital Status— Continued 

limales based on samptes-money amounts are in Ihousands ol dollarsi ^^^^^^^^^^^^^^^^ 



Size of Adjusted Gross 



$12,000 under $14,000 
$14,000 under $16,000 
$16,000 under $18,000 
$18,000 under $20,000 
$20,000 under $25,000 
$25,000 under $30,000 

$30,000 under $50,000 



$1,000,000 or more 



$16,000 under $18,000 
$18,000 under $20,000 
$20,000 under $25,000 
$25,000 under $30,000 



$200,000 un 
$500,000 ur. 
$1,000,000 ( 



under $5,000 

$5,000 under $10,000 .. 
$10,000 under $15,000 
$15,000 under $20,000 
$20,000 or more 



Sepa/ate r 



105.252 
92,868 
67.641 
40.456 
29,466 
7.318 

8.507 



304,083 
251.986 
206.971 
153,327 



1,759.442 
1.866.360 
1.685,435 



1,386.250 
1.147,675 
767,225 
629,828 
194.163 

315,194 
224,236 
61,769 
54,551 
26.659 
91,155 



1.370,057 
1.147.675 
767.187 



4.587.264 
3.817.557 
2,535.727 
1.597,547 



226.382 
346.404 
380,987 



208,462 
246.414 
204.525 



249,294 
337,227 
321.814 
322.645 
288,158 

208.462 
225.592 
204.525 
131.218 



80.289 
54.959 
13,581 
13.195 



742.687 
864,035 
637,306 



224,997 
330.473 
377.564 
345,877 
195.434 



138.647 
102.878 
55.264 
41.752 
8,738 



895,439 
932.681 
422.284 
224,397 



37.653 
267,932 
317.706 
252.236 
206.971 
153,384 

105.052 



105.052 
91.759 
67,64 



453.737 
628,761 
310.130 



217,718 
163,823 
43.162 
39.302 
19,053 
49,347 

9,176,203 



580,705 
468.654 
146.038 



239.221 
304,083 
251,787 



239,22- 
304,083 
251.787 



160.697 
201,206 
228,670 

207.461 
221,755 
196,747 



160.697 
201.206 
228,870 

207.461 
221.755 
196,747 



251.986 
206.971 
153.327 



310,273 
148,161 
49,439 



Individual Returns/1976 • Returns Filed and Sources of Income 



13 



able 1.2— Nonioint Returns: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of Adjusted Gross 
icome and by Marital Status— Continued 



I ligufes are estimates t 



\ samples— money i 



Sae o( adjusted gross income 




M13,194 

433.657 



575.231 
225.776 
188.795 
112.055 



6,296,26' 
7,017,540 
6,070,828 



1,479,717 
957,350 
383,583 
193,415 
66,844 



39,848,169 

-15,957 
102,208 
1,088,966 
5,407,800 
6,853,321 
6,066,284 

4,847.907 
3,377.031 
3,187,959 
2,112,296 
2,483,694 
1,210,132 

1,474,945 
948,894 
376,435 
192,461 

••131,791 



15,811,954 
12,597,054 
7,035,635 



deductions (Amount) 



723,149 
638,472 
409,798 
501.782 
223,170 



278,325 
192.796 
81.982 
49.613 
■•26.699 



279,588 
1,447,742 
1,542953 



90,272 
30,120 
6,014 



2,935,394 
4.378,780 
2,096,877 
829,662 
460,368 



176,260 
764,635 
890.577 
775,113 



3,668,117 

3.087,606 
2,217,834 
2,162,696 
1,487,940 
1,756,642 
901,618 

1,111.248 



2.566.285 
3.772.767 
3.667.964 

3.085.996 
2,215,475 
2,162,696 



725,979 
289,164 
142,162 
•104,599 



446,224 
7,303,483 
7,850,991 
4,773,202 
5.037.421 



773,026 
764,830 
554,710 



188,520 
111.856 
113.247 



4,321,729 

••1.843 



4,321,729 

••1.843 



255,100 
129,301 
75,097 
29,406 
32,687 



269.464 
530.087 
557.552 



9,602 
825,077 
1,249,792 



14 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.2— Nonjoint Returns: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of Adjusted Gross 
Income and by Marital Status— Continued 





thousands ol dollars) 




















Returns ol surviving spouses 


Size ol adjusted gross income 


Number ol 


Adjusted 
gross 


Total 
deductions 


Ex^plions 


Taxable 


ncome 


Income tax 


Iter aedits 


Total income tax 


Number of 
returns 


Amount 


Number ol 
returns 


Amount 


returns 


Amount 




(31) 


(32) 


(33) 


(34) 


(35) 


(36) 


137) 


(38) 


(39) 


(40) 


All returns total 


164.539 

16,359 
22,964 
34,264 
24,091 
22,856 
16,549 

•4,243 
•1,668 
•8,301 
•4,203 
4,631 
•718 

355 
53 
".? 

77,875 

"2,987 

•10,775 
22,627 
16,107 

•4,219 
•370 
•8,301 
•4,203 
4,625 

1,583 
1,069 
355 
"61 

66,664 

52,358 
68,176 
20,947 
14,017 
9,041 


1,435,285 

3,840 
66,705 
174,846 
166,669 
204,417 
178,454 

•55,020 
■25,637 
•141,584 
•79,743 
102,220 
•20,397 

82,837 
67,268 
44.500 
14,308 
"6,838 

1,064,487 

"15,282 

•76,490 
202,571 
173,977 

•54,696 
•5,641 
•141,584 
■79,743 
102,093 
■16,662 

63,068 
67,268 
44,500 
••20,911 

370,797 

129,086 
487,390 
235,779 
244.659 
338.369 


491,069 

35,762 
48,608 
86,811 
74,693 
64,959 
44.151 

•10.597 
•17.574 
•28.000 
•15.180 
16.689 
■4,876 

21,961 
9,115 
8,400 
2,806 
■•91_7 

245,086 

"6,281 
7. 
•29.574 
64.440 
41.379 

•10.359 
•1.566 
•28.000 
•15.180 
16.620 
•3.501 

6.995 
9.115 
8.400 
••3.673 

" 
246,004 

\^'}% 
55,769 
59,734 
64,763 


382,814 

37,143 
45,839 
75,946 
74,794 
42,053 
38,150 

•10,626 
•2,653 
•25,127 
■11,967 
9,092 
•1,769 

4.595 
2,150 

% 
.•22 

174.037 

•■4.487 

■26.317 
41.623 
36.990 

■10.572 
•706 
•25,127 
■11,967 
9,069 
■1,394 

2,726 
2,150 
795 
"117 

208,777 

116,005 
159,770 
49,124 
39,399 
18,517 


112,293 

•4,513 
25,012 
16,128 

•4,243 
■1,668 
■8,301 
■4,203 
4,631 
■718 

i;069 
355 
53 
".? 

77,872 

■2,984 
■10,775 
22,627 
16:i07 

■4,219 
■370 
■8,301 
■4,203 
4,625 
■593 

1,583 
1,069 
355 
"61 

34,421 

IS 
20,726 
14,017 
9,041 


681,660 

■312 
26,703 
25,621 
97,405 
96,270 

■33,797 
■5,410 

■88,458 

■52,596 
76,440 

■13,753 

56,281 
56,004 
35,305 
11,406 
••5,900 

645,577 

•4,727 
■20,599 
96,508 
95,607 

■33,765 
■3,369 

■88,458 

■52,596 
76,404 

•11,767 

53,346 
56,004 
35,305 
•■17,123 

36.083 

■4.639 
145.403 
131.004 
145.525 
255,089 


77,872 

■2,984 
■10,775 
22,627 
16,107 

■4,219 
■370 
■8.301 
•4.203 
4,625 

1.583 
1,069 

355 
52 

".? 

77,872 

•2.984 
•10.775 
22.627 
16.107 

•4,219 
•370 
•8,301 
•4,203 
4,625 
•593 

1.583 
1.069 

355 
52 

".? 

12.719 


128,867 

•325 
•1.392 
12.992 
13.281 

•5.147 
•540 
•13.366 
•8.922 
14.742 
•2,510 

12.438 
19.162 
15.019 
5.589 
••3.439 

128,887 

•325 
•1.392 
12.992 
13.281 

•5.147 
•540 
•13.368 
•8.922 
14.742 
•2.510 

12,438 
19.162 
15.019 
5.589 
■■3.439 

14,709 

22>02 
72,900 


77,875 

••2,987 

•10,775 
22,627 
16,107 

•4.219 
•370 
•8.301 
•4:203 
4.625 

1.583 
1.069 

52 
".? 

77,875 

••2.987 

•10.775 
22.627 
16.107 

•4.219 
•370 
;8.301 

4!625 
•593 

1.583 
1.069 
355 
52 
".? 

••36.389 

20.481 
12.719 
8.286 


134,772 

•■386 


Under $2 000 . . 


$2 000 under $4 000 














12,992 
13,281 


$10,000 under $12,000 


$14 000 under $16000 


•540 


$16000 under $16 000 


■18 082 
















12 734 












5 933 




••3597 


$1,000,000 or more 


134,772 






















$10000 under $12 000 


13,281 


$12,000 under $14,000 


•5,14; 








•8 92; 


$20,000 under $25,000 


14,74; 




12 73^ 




1920) 






$200 000 under $600 000 


5,95; 




•■3,59; 










All returns, summary: 










18.55! 








74.03' 




- 



Individual Return8/1976 • Returns Filed and Sources of Income 



15 



ible 1.2— Nonjoint Returns: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of Adjusted Gross 
come and by Marital Status— Continued 




Returns ol single persons not heads ol 



r surviving spouses 



8,026,912 
6,822,564 
5,017,570 
3,861,804 
2,833,345 



962,665 
649,067 
426,467 



4.760,149 
3,815,327 
2,812,345 
1,927,343 



195,597 

186,078 
60,740 
13,602 



3,871.559 
1,504,196 
936,736 



7,323,955 
20,064,152 
24,982,273 
26,861,683 
25,260,51; 
21,227,377 

18,109,694 
14,356,095 
10,992,525 



6,971,012 
4,017,222 
1,779,742 
982,672 
350,143 
517,722 



23,764, 
26,542,262 
25,072,439 
21,108,623 

18,053,021 
14,310,347 
10,968,309 



1,773,772 
980,252 
•867,223 



38,880,044 
65,612,531 
47,062.465 



6.965,704 
5.389,890 
3.900.716 

3,305,094 
2,623,955 
1,956,687 
1,397,723 
1,729,442 



3,261,264 
2,596,184 
1,929,597 



836,684 
402,829 
244,018 



29,230,913 
16,796,806 
8,623.157 
4.561.017 
5.618.717 



6.364.780 

5.894.282 

4.546,96 

3,483,025 

2,473, 

1,730,220 

1,260,3 



3,383,714 
2,441,840 
1,715,823 



3,842,521 
2819,146 
1,930,962 

1,397,307 
961,264 
647,957 
425,082 
470,251 



3,815,327 
2812,329 
1,927,342 



3,331,379 

16!49o! 
17,456, 
15,642,240 



6,261,978 
8,195,675 
4,212.073 

5.595.588 

3.103. 

1.357.548 
733.342 
254.730 
397.793 

127,038.267 

42.163 
3.160.669 
11.471.957 
16.436.857 
17,436,630 
15,623,240 



Total income lax 



21,415,449 

63,746 
3,680,718 
4,760,121 
3,815,327 
2,812,329 
1,927,341 

1,394,565 



21,415,449 

63,746 
3,680,718 
4,760,121 
3815,327 
2,812,329 
1,927,341 



424,355 
469,914 
195,568 

186,029 



3,853,907 
1,499,598 
929,703 



417,547 
158,734 
250,810 



330,350 
1.596.341 
2.512.526 



1.189.667 
651.115 
417,547 
158,734 
250,810 



64,369 
3,680,733 
4,760,149 
3,815,327 
2,812,3 
1,927,343 

1,394,568 
959,554 
647,692 
424,362 



3,815,327 
2,812,345 
1,927,343 



6,108,743 
9,024,180 
3,853,912 



25,449,303 

7,494 
330,474 
1,596,707 
2,512,526 
2911,820 
2,786,258 

2,557,638 
2,162,502 
1,765,608 
1,374,685 
1,932,591 
1,065,073 

1,685,272 



2512,526 
2911,820 
2,788,258 

2,557,638 
2162,502 
1,765,608 



1,685,272 
1,216,106 
675,273 
433.529 
168.279 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



-Nonjoint Returns: Sources of Income by Marital Status 

itimates based on samples-money amounis are in thousands of dollas] 



Salanes and wages (gross) 
Business and prolession: 
Net profit 



Small Business Corporation: 



I gain 

t loss 

I of property other tfian capital i 



Dmdends in adjusted gross income 

Interest received 

Pensions and annuities in adjusted gross i 



3,341.158 
15.344.534 
1.927,635 



1.349.508 
245,346 
781.075 

1,779.255 



1.724,452 
79.246 



107.061 
554,515 
53,623 



12.943.617 

441.815 
112,269 



16.629 

334,957 
412.602 
211.552 



293.297 
1.554.414 
142,307 



457.096 
129.739 
135.130 
287,102 



270.271 
116.952 



647.266 
1.469.487 
625,903 



2.908.272 
13,121.927 
1.708.906 



Individual Returns/ 1976 • Returns Filed and Sources of Income 

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II 



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sas I 



18 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



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Individual Returns/ 1976 • Returns Filed and Sources of Income 

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19 



20 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



llfi 



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ii 



Individual Returns/ 1976 • Returns Filed and Sources of Income 

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5 ssscK^' s|§g| assig sacgg s§k| ^ s- "sc §§i2s. tg.js.s. s^.^r.k. s8.r. s 5-||S 

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I 8§lsi? fs^M^ §5§ii i.HiS 5J.SS 5. |i||i|- ||||| p|.p. ||||| lip- 
I s>-'-s"8-S gllll IIIP. I|.||| |P.| I ^- ^§S £§111- Islls- Illll s5l!- 



Ills 



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sill 



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s'H'Sg islSg =||SI ^5sS.§ s" i ^=11 IIIIS sills- £sSs-* " SS-S-| 



p 



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5 8ss2£Si sstKS £=Rg§ gissR sssi I .~ ' ssss SSsI" ScSSi SSp? ps.= | |Sp. 
I • ?"='l|| Illll. Illll. IIIP ?" I ^=-11 ISsIS Sllss |ss§" - = 5 slli 



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1 ll 



>§§§ iiiii- Hill ll|li ii1| 1 

isss g'usas ^tt"t »"^"s »«|: ^ 



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still 

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22 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.5— Joint Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income 

figures ate eslimales based on samples-money i 





Number of 


Adiusled 

gross 

income less 

deficrt 


Salanes and wages 
(gross) 


Business and profession 




Net 


profit 


Net loss 




Number of 


Amouni 


Number of 
returns 


Aniount 


Number of 


Atnounl 




(1) 


(2) 


(3) 


(4) 


(5| 


(6) 


(7) 


(3) 


ToUl 


44.438.912 

351.239 
357.032 
606,662 
795:645 
939,399 
1,209,331 

1,515,663 
1,542,288 
1,621,806 

1,620,015 

1,778,505 

1,882,908 
2,029,207 

9,118,760 
6,030,463 
3,376,901 
3,397,360 
868,458 

167,794 
31,977 
3,385 
1,079 

4,259,308 
7,879,161 
9,302,266 
22,998,177 


784,148,310 

-5,477,206 
203,713 
910,845 
2,016,946 
3,312.821 
5.453.575 

8,326,527 
10,018.902 
12.174.549 
13.453,642 
15:383:588 

18,685,134 
19,453,948 
23,975,810 
25,414,996 
29,444,813 

158,679,897 
134,268,001 

91,987.662 
124.044,633 

57,149,646 

21,904,027 
8,926,349 
2,245,437 
2,190,056 

6,420,693 
59,357,209 
116,974.701 
601.395.708 


39,604,120 

149,990 
217,255 
409,608 
592,243 
679,887 
915,762 

1,161,716 
1.241.688 
1.308,454 
1,327,269 
1,428,830 

i:540:065 
1,776,532 
1,762,101 
1,916,901 

8,668,839 
5.772,759 
3.172,946 
3,080,047 
708,683 

137,519 

26,478 

2,816 

912 

2,964.745 
6,467,957 
8,600.419 
21,570,999 


655,483,661 

1.137,742 
241,819 
716.324 
1.547.632 
2.172.422 
3.914,292 

5,880,601 
7,620,783 
9,277,021 
10,913,494 
12,950,787 

15,960,283 
16,902,609 
21,103,381 
22,640,625 
26,522,474 

144,452,106 
122,591,364 
80,584,952 
98,205,711 
34,086,924 

11,543,116 
3,637,769 
570,232 
309,100 

9.730,230 
46,642,686 
103,129,371 
495,981.275 


4.646.302 

27.496 
48.988 
76.611 
110.591 
142.702 
158.452 

173.103 

171.296 
179.037 

186.938 
176.076 
174.615 
175.348 
176.206 

758.305 
509.592 
311.343 
486.739 
201.614 

33.278 
5.965 
610 
223 

564.840 

889: 183 
2.307.669 


44.297.434 

236.409 
52.421 
111.842 
229.085 
349.956 
479.602 

605.647 
665.013 
793.630 
819.814 
914.000 

968.009 
958.401 

1.006.215 
975.118 

1.070.924 

5.036.769 
4.435.000 
3.636.471 
9.591.899 
7.996.027 

'701:542 
142.756 
190.759 

1.459.314 
3.798.105 
4.978.667 
34.061.347 


1,441,081 

125.818 
20,890 
26.638 
29.774 
32.231 
35.324 

39.669 
46.010 
48.948 
46.498 
46.809 

53.600 
57.542 
58.624 
58.731 
58.814 

248.531 
161.089 

93.587 
106.090 

34.116 

8,830 

143 

270,675 
227,934 
287,311 
655,161 


4,725,3e 

1,470,51 
50,11 

97,94 

109,36 

;§^:?t 

116,63 
106,29 
93,99 

93,73 
140,58 
122,92 
103,87 

99,91 

413,7; 
275,0e 
196.2S 
309,2! 
227,5! 


$1 under $1 000 


$1,000 under $2,000 

$2,000 under $3,000 


$4 000 under $5 000 






$7 000 under $8 000 


$8 000 under $9 000 
















$20,000 under $25,000 


$30 000 under $50 000 








107 6( 




48,0' 




All returns, summary: 




$5,000 under $10,000 


530,11 
560,9: 
1.740,9( 


$15,000 or more 




Farm 


profit less loss 


Small Businei 
net profit 


* Cofporatrai 




Net pfofil 


Net 


loss 




Number of 


Amount 


Number ol 
returns 


Amount 


Number of 
returns 


Arrount 


Number of 


Amouni 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


Total .... 


1,137,435 

7,786 
29.258 
36,349 
54.857 
43,475 
49,787 

56,871 
48,467 
45,179 
59,697 
35.494 

53,645 
30,830 
51,622 
36,585 
31,529 

166,597 
87,560 
71,420 
98,383 
34,430 

6,269 

1,185 

122 

38 

221,512 
245,708 
204,211 
466,004 


9.478.168 

47.779 
20.211 
98.847 
71.572 
82.422 
154:270 

170.767 
132.823 
199.998 
230.758 
162.714 

256.475 
188.080 
252.722 
235.281 
177.513 

1.328.015 
896.009 
1.077.470 
2.099.547 
1.213.557 

298.220 
67.426 
10,939 
4,753 

475,102 
897,059 
1,110,071 
6,995,936 


1,295,018 

142,941 
35,499 
44,213 
34,491 
35,996 
32,537 

39,843 
54,432 
56.028 
58:072 
51,529 

39.945 
38,025 
47,170 
49,530 
45,509 

202,504 
103,059 
61,245 
77,049 
32,458 

9.726 
2.666 
392 
159 

325,677 
259,904 
220,179 
489,258 


6.182.273 

1.872.406 
127.267 
125.879 
120.565 
104.258 
130.939 

139.707 

168:622 
181.009 
183.324 

172.899 
99.953 
108.031 
115.178 
180.414 

562.101 
358.2% 

36e:o24 

345:715 

188.134 
99.788 
30.109 
18.413 

2.481,314 
876,322 
676,474 

2,148.163 


2.087.003 

51.849 
13.271 
28.000 
35.112 
36.944 
21.342 

32.845 
29.167 
40.928 
40,452 
42,512 

53,505 
41,523 
43,377 

271,365 
209,564 
183,088 
407,820 
299,713 

87.970 
19.918 

186.518 
185.904 
232.155 
1.482.426 


10.953.680 

-1.667.761 

-30.502 

-7.980 

6.051 

12.459 

13.127 

57.177 
42.034 
63.533 
120.445 
53.654 

145.110 
149.618 
165.200 
221.583 
149.510 

933.784 
571.732 
1.105,248 
3.012.875 
3.500.372 

1.638.968 
572.169 
57,214 
68,058 

-1,674,606 

83i:021 
11,460,421 


514,923 

21,687 
•3,093 
10,042 
3,262 
4.101 
4.646 

2.643 
3.840 
5.487 
7.878 
18.557 

10.444 
5.531 
9.735 
10.280 
11.433 

62.038 
51.143 
52.734 
106,805 
76,687 

24,641 
6,983 
893 
340 

46,831 
38,405 
47,423 
382,264 


1,590,91 




—491 11 


$1 under $1,§00 

$1,000 under $2,000 


-IM 

-17:51 
2,3 

-19,4: 
-36,3! 












$e'ooo under $9000 ;"::;:'::::::::;::::::::':::;:: 




15:6: 




-33,* 




d:i 

12,6 
5,» 

29,0 
33,8 
29,0 
291,S 
825,9 

469,0 
346.0 
93,7 
118,1 

-523,1^ 
-92,5 
-29,8 

2,236,3 




















$200000 under $5oo'ooo iz':::":':: 






All returns, summary 


$5,000 under $10,000 







Individual Returns/1976 • Returns Filed and Sources of Income 23 
rable 1.5— Joint Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income— Continued 

All figures are estimates based on samples-money amounts are m thousands ol dollars] 


See ol adiusted gross income 


Sales ol capital assets 


Sales ol property 

omer than caprtal assets 

net gain less loss 


Dmde 
adjusted g 


ndsin 


Net gam 


Net loss 




Number ol 


Amount 


Number of 


Amount 


Number ol 


Amount 


Number ol 
returns 


Amount 


Total 


(17) 


(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


4,392,488 

89,294 
25.974 
49.808 
55,654 
86,876 
86.384 

107.112 
115.389 
131.042 
111.900 
112.137 

109^103 
134:602 
131,198 
137,974 

653,835 
546.597 
421.780 
738.422 
320.551 

80,463 

19.035 

2.375 

812 

393,990 
577,580 
637.048 
2.783.670 


15,889.407 

683,323 
36.320 
50.123 
64,610 

130:548 

165.888 
191.055 

167:733 
176,559 

210,800 
236,138 

iP:S 

239.971 

1.435.415 
1.147.915 
1.074.386 
2.598.090 
2.463.308 

1. 608.892 
1.177.666 
544,855 
724,702 

1.076.360 

867.131 

1.170.686 

12.775.230 


1,831,958 

9065 
1,616 
6,173 
3.367 
8.453 
20.280 

24.901 
35.002 
24,504 
28,989 
36.554 

40.797 
39.145 
32.274 
39.714 
55.959 

260.459 
258.980 
235.316 
420.788 
196.056 

44,679 
7.941 
731 
215 

48,954 
149,950 
207,889 
1.425,165 


1.240.531 

7.297 
1.185 
5.712 
2,406 
7,208 
17,183 

20.507 
22.553 
13.061 
21.744 
24.288 

29.170 
26.125 
21.466 
24.538 
38.029 

178.227 
157,934 
147,379 
274,294 
154,394 

37,863 
7,084 
682 
203 

40.991 
102.153 
139,327 
958,061 


922.204 

70.096 
11.966 
14.459 
22.536 
17,156 
19,897 

28,793 
23,918 
28.738 
32,728 
27,359 

29.201 
24.672 
33.697 
28.767 
25.908 

132.853 
89.246 
61,234 

112.390 
63.289 

17.682 
4.649 

271 

156.110 
141,536 
142.245 


95.624 

-313.845 
-5:i38 
-6,537 

-10,294 
-1,660 

-22.582 

5,824 
-6.726 

2.574 
-3.477 
-35.911 

15.122 
6.704 
16.451 
10.901 
3.329 

112.681 
13.599 

116:886 
74.385 

23.995 
23.618 
9.103 
5.634 

-360,057 

-37,717 

52,506 

440.892 


5,698,600 

43,219 
19,314 
37,010 
35,509 
71.938 
67.375 

131.035 
123.315 
148.322 
117.425 

115.492 
116.344 
142.288 
145.419 
144.353 

765.369 
814.713 
642,462 
1.209,865 
509.075 

127.059 
27.580 
3.106 
1.007 

274.365 
660,103 
663,896 
4.100.236 


16016,425 




189 703 


$1 under $1,000 


6,327 


$2 000 under $3 000 


10,381 




46480 




32 779 








145 426 




186929 












141 341 


$11,000 under $12,000 


106,869 


$13,000 under $14,000 

$14 000 under $15 000 


163,929 
152.779 




902 870 












2.878.578 




3 357 845 












633.577 


$1,000,000 or more 

All returns, summary 


554.818 




696.185 






$15,000 or more 


14,277.607 






Pensions and annuites in 
adjusted gross income 


Rent 


Net income 


Net loss 


Number ol 


Amount 


Number o( 
returns 


Amount 


Number ol 
returns 


Amount 


Number ol 


Amount 




(25) 


(26) 


(27) 


(28) 


(29) 


(30) 


(31) 


(32) 


27,224.699 

189.773 
145.649 
265.443 
344.140 
448.117 
498.232 

686.393 
667.488 
733.689 
703.558 

761.113 

796.866 
840,236 
967,001 
971,458 
1,132,315 

5,784,952 
4,438,235 
2,767,129 
3.061.202 
823.855 

162.182 
31.286 

?:i^ 

4.707.876 
17.073,228 


32.406.839 

397.866 
94.665 
164.380 
253.343 
398.557 
549.103 

814.818 
873.538 
1.010.458 
834.785 
900.723 

773.190 
761.008 
872,019 
766.874 
934,576 

4.229,775 
3.639,635 
2,976.052 
5,476,605 
3.540,652 

1,336.725 
544,227 
143.151 
120.114 

1.867.915 
4.434.322 
4.107.666 
22.006,935 


3.611.313 

7.587 
21,689 
59,364 
91.705 
194,374 
198,599 

260,981 
215,610 
233,064 
193,515 
150,898 

158,781 
128.033 
133,559 
121,963 
122,836 

480,041 
314,414 
208,780 
236,738 
64,018 

2:806 
413 
126 

573.318 
1,054.068 

665.172 
1.318.755 


17.484.814 

90:i33 
103,598 
150,725 
416,485 
509,085 

938.348 
753.846 
934.152 
749.612 
656.293 

705.483 
677.392 
660.535 
614.458 
677.173 

2,756.213 
1.896.573 
1.711.422 
1.704.563 

118.551 
36.399 
6.632 
1.895 

1.300.648 
4.032.250 
3.335.041 
8.816.874 


2.733.526 

41.981 
12,807 
47.630 
46.228 
68.689 
97,449 

67.519 
115.131 
100.718 
89.467 
59.790 

81.264 
72.500 
88.826 
82.344 
103.842 

336:584 
228.612 
317,889 
157.960 

41.448 
8.764 
956 
317 

334.784 
432.625 
428.776 
1.537,341 


6.525,331 

104,670 
5,397 
53,264 
52,293 
118.101 
138.225 

99.916 
162.442 
125.253 
160.917 
140.554 

209.484 
118.201 
128.179 
169.212 

631.760 
640.518 
561.329 
926.434 
1.060.531 

512.598 
172.412 
31.975 
12,599 

471,951 
689,083 
815,141 
4.549,156 


2.189.340 

52.094 
8.104 
13.145 
25,721 
30.970 
54.047 

27.497 
35.154 
53.954 
55,795 
59.954 

59.579 
66.167 
60,488 
75.251 
68,397 

450.289 
306.978 
227,136 
311,604 
115.883 

25.043 
5.218 
660 
212 

184,081 
232.354 
329.882 
1,443.023 


4.225.397 






51 under Tito ziyzzzz::::::::"::::.- 






16.398 




29.786 




39.596 








26.288 


56,000 under $7,000 


47.537 








73,706 




73,928 


511,000 under $12,000 


106.198 
79,029 




154,492 




87,034 








444.497 




397,223 












171,838 












9,611 


All returns, summary 






283.324 




500,681 




2,827.714 

























24 



Individual Returns/1976 • Returns Filed and Sources of Income 



Table 1.5 — Joint Returns: Sources of income, Deductions, and Tax items by Size of Adjusted Gross income— Continued 



All figures are estimates based on samples-money amounts are in 


thousands ol dolla 


si 














Sae o( adjusted gross income 


Royally net income 
less loss 


Estate 


trust net 
ess loss 


State income tax refunds 


All other 


Z'^":' 


Number ol 
retums 


Amount 


Number ol 
retums 


Amount 


Number ol 
retums 


Amount 


retums 


Anxjunt 




(33) 


(34) 


(35) 


(36) 


(37) 


(38) 


(39) 


(40) 


Total 


462,171 
_8,207 

7!ooc 

8:930 
8,762 
7,968 

5,485 
17,839 

8,448 
19,218 

7:259 

9,635 
10,257 
15,747 

8,404 
14,059 

64,674 
44,020 
46.282 
76,964 
48,333 

15,302 
4,813 
732 
270 

44,430 
58,249 
58,102 
301,390 


1.410.868 

30.956 
•2.103 

5.222 

1.672 
9.428 
4.999 
14,217 
5:177 

1i:465 
35:854 
19,249 
23,795 

100,839 
98,498 
101,231 
199,199 
259.199 

179,292 
135.481 
60.850 
65.289 

75,904 

35.493 

99.594 

1.199,877 


404,612 

3,305 
•1.304 
•674 
•826 
•3.849 
1,484 

i5:e9e 

17,846 
5,796 
4,130 

5,036 
8,790 
8,480 
5093 
10:599 

48,077 
42,990 
45,774 

57:665 

19,072 
5,206 
744 
275 

11,442 
44,834 
37,998 
310,338 


1.314,069 

-43,836 
•-5,289 
•2,311 
•1.503 
•105 
4.064 

•727 
38.538 
18.043 
15732 

3.992 

19.748 

t6:i65 
-1.264 

60.064 
58:451 
148.042 
248.301 
298.119 

192.133 
98.592 
38.076 
65.622 

-41.142 
77.032 
70,779 

1,207,400 


6512,527 

19.475 
3.277 

i6:9ie 

16.920 
61.884 

65.399 
75.644 
92.120 
92,612 
139,638 

162,817 
181,228 
238,864 
251,034 
295,076 

1.696.696 
1.308,251 

177:471 

33,432 

■7O6 
229 

130.063 
465.413 
1.129.019 


1,387,617 

12.488 
461 
2.988 
1.622 
2.297 
9.806 

8.622 
9.307 
11.050 
13.488 
22.631 

23.781 
27.440 
33:575 
34.663 
43.897 

270.064 
240.592 
179.833 
238.213 
128.641 

46.369 
18.290 
4.132 
3.368 

29.662 
65.098 

1.129:502 


2.745.455 

37.108 
13.551 
26.713 
34.566 
53.135 
64.220 

71.549 
59.686 
58.908 
70.328 
61,356 

69,935 
84,052 

104,468 
96,327 

113,805 

537,205 
422.420 
277.831 

?tf52 

28.547 
6,700 
930 
341 

229,293 
321,827 
468,587 
1,725,748 


-63.2: 




$1 under $1,000 

$1 000 under S2 000 


-27.4) 




26.77 
6.9: 
25 5; 




$4 000 under S5 000 


$5,000 under $6,000 


6.9< 


$7 000 under $8 000 


55 2f 






$9,000 under $10,000 


6.0! 
95; 


$<1,000 undsf $12,000 


28.6! 






$14,000 under $15,000 


62,8; 






$25 000 under $30 000 






393 9' 








57 41 




11 Z 






$1000000 or more '. '::'::.:::::". 




All returns, summary 










254^: 




1 520 1. 








Statutory adjustments 


Total deductions 


Standard deduction 


Itemized deductions 


Size ol adjusted gross irKome 


Number ol 


Amount 


retums 


Amount 


retums 


A^^nt 


Number ol 
retums 


Amount 




(41) 


(42) 


(43) 


(44) 


(45) 


(46) 


(47) 


(48) 


Total 


7.084,520 

16,347 
22,204 
31,834 
50,960 
49,733 
79,026 

113,363 
122,691 
177,295 
187,404 
182,199 

216,610 
202,173 
289,632 
268,232 
262,644 

1.432.941 
1.192.424 
804.732 
974.506 
347.764 

69.311 
9.459 
825 
211 

250.104 
782.952 
1,229,291 
4,822.173 


13.749.617 

63.494 
85.438 
119.135 
161.365 
141.889 
167.032 

223.963 
226.019 
284.471 
344.063 
359.224 

359.258 
355.671 
456.627 
388.727 
424.710 

2.204.137 
1.956.014 
1.475495 
2.289.423 
1.317.563 

277.814 
54.340 
9.427 
4.318 

738.354 
1.437.739 
1,984,993 
9,588,531 


44,087.673 

357,03! 
606,662 
795.645 
939.399 
1.209.331 

1.515,663 
1,542,288 
1,621,806 
1,579.389 
1.620.015 

1.778.505 
1.693.152 
1.918.494 
1.882.908 
2.029,207 

9,118,760 
6.030.463 
3.378.901 
3.397.360 
868.458 

167,794 
31,977 
3,385 
1,079 

3,908,069 
7,879,161 
9,302,266 
22,998,177 


167,094,508 

797,803 
1,305,762 
1,690.475 
2.060.318 
2.680.875 

3.425.077 
3,579.623 
3.857.174 
3.821.374 
4.124.976 

4,529.487 
4.515703 
5.242.156 
5,390.752 
6.139.740 

32.663.112 
25.419.001 
16.775.715 
22.285.506 
10.130.671 

3.837.882 
1.753.585 
529.770 
537.773 

8.535,233 
18.808,424 
25.817,837 
113.933,013 


22.747.745 

347.618 
589.921 
766.674 
890.277 
1.084.218 

1.322.256 
1.293.781 
1.276.830 
1,210.654 
1.137.346 

1.211.356 
1.059.084 
1.105.712 
1.015.622 
1.084.026 

4.284.822 
1.965.644 
655.363 
395.909 
46.224 

3.997 

377 

28 

6 

3.678.708 
6,240,867 
5,475,800 
7,352,370 


52.635.972 

725.878 
1,235.376 
1,604.024 
1,862.656 
2.262,632 

2,772,301 
2,703,955 
2.674.766 
2.536.248 
2.381.863 

2.537.701 
2.222.052 
2.320.320 
2.192.716 
2.514.276 

11.507,694 
5.499.412 
1.833.573 
1.106.972 
129.246 

11.172 

' 78 
17 

7.690.566 
13.069.133 
11.787.064 
20.089.209 


21,339,928 

9,414 
16,741 
28,971 
49,122 
125,113 

193,407 
248,507 
344.976 
368.735 
482.669 

567.149 
634.068 
812.782 
867.286 
945.181 

4.833.938 
4.064.819 
2.723.538 
3.001.451 
822.234 

163.797 

3:357 
1.073 

229.361 
1.638.294 
3.826.466 
15.645.807 


114.458.5 


$1 under $1,§00 

$1,000 under $2,000 


71.9 
70.S 
864 












652 7 






$7,000 under $8,000 


1.182.41 
1.265.1: 








1.991.71 




2.293.6: 












3.625.41 






$20,000 under $25,000 


19.919.51 
14.942,1. 


$30,000 under $50,000 


21.178.5: 


$100,000 under $200,000 


3.8267 

1.752,5- 






$1,000,000 or mote 

All returns, summary; 


537.71 
844.61 




5.739.21 




14.030.7 




93.843.61 






Footnotes at end ol table. 



















Individual Returns/ 1976 • Returns Filed and Sources of Income 



tile 1.5— Joint Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income— Continued 

figures are estimates based on samples— money amounts are m tfiousands ol dollars] 



Sae ol adiusteO gross i 



Totil 

adjusted gross inconK 

under $1,000 

000 under $2,000 .... 
DOC under $3,000 . . . . 
000 under $4,000 .... 
OOO under $5,000 .... 

MO under $6,000 .... 

XX) under $7,000 .... 

WO under $8,000 . . . . 

XIO under $9,000 , . . 

XX) 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 $30,000 
,000 under $50,000 
.000 under $100,000 

0,000 under $200,000 
0,000 under $500,000 
0.000 under $1,000,00 
J00,000 or more 

Tder $5,000 

i.OOO under $10,000 . 
■0.000 under $15,000 
5.000 or more 



1,219,121 
2,017,901 
2,626,637 
3,248,877 
4,168,749 

5,299,701 
5,351,501 
5,730,723 
5,625,120 
5,681,178 



6.830,450 
6,678,034 
7,157,737 

32,969,054 
21,947,427 
12.267,753 
12.561,652 
3,399,298 



3,974,776 
4,013,626 
4,298,042 
4,218,840 
4,260,884 

4.818,048 
4,570.895 
5,122.838 
5.008.526 
5.368.303 



9,200,815 
9,421,239 
2,549,474 



4,338^19 

351ZJ9 



792.561 
849.523 
707.296 

309,696 
148,732 
93.962 



9.- 10.246 
6.027.266 
3.375.313 
3.394.996 
867.235 

167.323 
31.851 
3.358; 
1.072: 



7.253.865 
9^72.873 
22.978.660; 



1.290.699 
2.613.551 
4.119.662 
5,490.050 
7,047,866 

9,361,921 
10,392,749 
13.621, ' 
15,020,545 
17,951,635 



1.206,067 
1.394.804 
1.528.114 
1.530.808 



1,684,275 
1,914,659 
1,881.383 
2.026.919 

9.110.249 
6,027,266 
3,375,313 



167,323 
31,851 
3,358 



20,561,729 
66.348,024 
424.700.807 



184.700 
383.475 
620.601 
857.183 
1,129,470 



2,334,6 

2,626,862 

3,199,835 

18,969,029 

18,704,242 

14,388,3 

23.132,999 

15.094,786 



50.645 

3.175,429 

11.443.796 

103.741.409 



•3.084 
89.876 
502,035 

1.206.067 
1.394,804 
1,528.114 



1.914.659 
1.881,383 
2.026,919 

9.110.249 
6.027,266 
3.375,313 
3,394,996 
867.235 

167,323 
31.851 
3.358 



595.339 
7^56.902 
9,273.072 
22.976,663 



306,079 
381.721 
388.137 
430.07B 



221.821 
86,034 
29.788 



Sae ol adjusted gross ii 



Total 

I adjusted gross in 
! inder $1,000 
[ 00 under $2,000 
1 00 under $3,000 
! 00 under $4,000 
I 00 under $6,000 

I 00 under $6,000 

!■ 00 under $7,000 

1 00 under $8,000 

I 00 under $9,000 

loo under $10,00( 



$13,0 



$20,0 



000 under $30,000 . . . 
000 under $50,000 . , 
000 under $100,000 . 

J.OOfl under $200,000 . 
J.OOO under $500,000 . 
).000 under $1,000,000 

eturns. summary: 

55,000 

under $10,000 ... 

D under $15,000 , 
115,000 or more 



1,883,370 
1,851,215 
2,010,262 



6,000,4 
3,362,922 
3,379,705 
863,879 

166,852 
31,737 
3,346 



1,436,077 
1,952,974 
2,238,725 
2,769,757 



15,185 
2,214,464 
9,628,651 



569,793 
926,841 
1.315.390 



9,056.246 
6,001.005 
3.364.190 
3.381.7 



5.740.695 
9.101.5 
22.871.4 



81,361 
197,755 
412,938 



1.232.892 
1.437,776 
1,953,542 
2,246,529 
2,770.834 

16.955,359 
17.286.295 
13.507.593 



7.630.664 
3.745.483 
1.051,821 



65.353 
61.166 
116.842 
177,333 



244,838 
240,055 
211^49 



239,643 
212,985 
211,159 

903,517 
540,543 
370,227 
565,744 
255,546 



825,667 
1,165,616 
1,133.270 
2,690,682 



16,192 
7,639 
18,124 



556,172 
386,625 
306,879 



62,529 

46,649 
82,216 



708,442 
1,035,599 
1,399,553 
1,461,641 
1,561,524 

1,734,517 
1,672,366 
1,901,027 



9,097,334 
6,013,970 
3,375,869 



167,566 
31,943 
3,382 



6,166,759 
9^01^02 
22,947,535 



57,486 
6.690 
13,498 
18,118 
23,924 
50,136 

132.071 
267.S44 
511.901 
742,165 



^066.018 

^36e,3^o 

2.893,638 

17,534,951 
17,685,863 
13,631,504 
22,640,388 
14,986,421 

7,691,838 
3,759,896 
1,054,751 
1,114,719 



2,640,642 
10^55,055 
100,300.331 



Individual Returns/ 1976 • Returns Filed and Sources of 

§SsS?S sSSJ.sl aSss/? i 



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issis? 



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iiiiil 



SSS5SS !gs:;:S? 












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iSsiS? SSssSl S 



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II 



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iiiil, liiiiiiiiiliiifiii. 

ijy iiii 11 Iiii 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



I i'.'SSs sissfeg i^ssSS § iM|g| g§i§g§ sggsSS I is§5i~ 



I Z^n^_ PJIPS ||i§^" I IIIPPS. P^P.SS ||iSS" § |g||g 



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lii 



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ll 









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l.g.S.gj 



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I Is 



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2i°«ii siigf 



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S|g2S 



ll 






S2is2S 






oQoSi §ii§ii llssl^ ■ 
ggggs; J22SSS sssass I 

3LSSSL- «^»»».«>«>W --"^^^g S 



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iiiilllililipiiiiilliiiiiipri |iii| 

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i iiii iiii ii I iJiii iii ill i iiii 

I liiiii iiiiil m^ f iiilii liiii ilii^^ i 
yiliiiiiiiliiliiliililiiiiiri 
I liiii liSii IIP' i^Siii Iiiiil liir^i 

1 iPPPii mm mm i 'wm wm ism i 



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ppiljl j||i" I ^mm pPliii lis'" 5 5l!Si 

liiiii ilfiil I iiiill iiiiil m I iilll 



i mm liiii iiiB^ i ^^iiii 111111 liiir i 11111 
I ilill! illil iiPil i IHlii iliii liiiii i 



ii- 
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iiiiil m' I Iilll liiiii ills- i ilill 
iiii liiiii i liiii iiilii ilin 



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Ijiifi jjjj:j ;jjj|i I liiiij m«i fi!!!i i iitii 



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! 11 



Individual Returns/ 1976 • Returns Filed and Sources of income 



Sg£S?g sliisS gSSSSS 
?§ilasS aatSaS S2'S~'^'" 



s ?ssss« SsSis3 ur-n 



I HISS 












33= s? 






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g2S«£S S 









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II 









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i illSs 















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ilPI-l 



mum 






Ssisli 
S«2iSg" 



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SKSSS 









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I ~g5g| 



ill 

fog 

lit 
Hi 

ill 






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?.|5,|= I 
15 Si S 






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5gsg~- 






S^ciaS 



s'sii 



i sisi? 



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ill 



8i iiii§§ iilli. ^ 88si§ §§§§§§ §IIP-c; i 
|s" piMi si|f^i 1 liils 5SSSH sl||^g i 



ill 

s'SS. 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



31 



l§§ sige=~ 3i5SiS s i=§srl ffisS£?g ls?=iS S iSsss 

>- c,; o>- >o-«>-g-<p- "■--j.-o~ri g- y ■ • CM- o.- >ri«,;g«,- ri-g; ~-o g go-Jig 



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gsasss 



I 8i"s: 






:~SSi 3$SS 















ssiliS 









§?isff5 









saacss 



ggifis s^ii= 
assRgg ssgg 



KSSSS 






SggKSf 



g-siis K gsiiSS 



^iSSfs SaKs' 






5?5 § 



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g g 



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2 i? 



ipll.i 



sissil 



i SSsSSi 






mm 






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gfsss'gs sssr 



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mill 















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21 



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iiiiii lilii, " 

|||||s j 

■oo = = =,o ~,o»o^ 111111 5 |S.=..=..=..o o:,-«>ooo^ oo 

Ssxags ssssas ssskss | Sassss ssssaa ss 



goo|i iiiiii ilili. g ^|ii ^ 

8.8.8i-~ =£sgag siaasi f t Isa^ 

SSS:;"* •••»~»«»<o <«'»„^^E S g s""**? 

eo-SSe 



I I 



I5SSS 



32 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



S iasias 



J5SSS sl^glH 5 sSssis 



III 



1- CM c\i m c^ a> oo 






s=S~'S 









2" ""'SSSSS 



ssiSia siffSs" S 






ggssgs 



s 'ssisaff 






S SsE^I 



StaSsi 









siSsJ.s sss°r- S iiftll 



SS8SS~ 2' 






ill-Ill 






5§|§g8 












Sisss^, 



SIsiSs 



ii^- 



g ssii5§ 






SssSs 


















Jl 



ggggli ig§S?s Sg?S§s I sgsgig sgggi 



s: R5;SSS 



g gsgsag 


















>.~<=>.°.'H'~-- 












tsSsis sSsS?' s 









isiiia 






I sfB2^i 









Is? 2 5 ills iSS~.st I l.=i.i.Ss SslsSS Ssiv t S laSsi 



If 



S SiSi^SSf 



|53?|| 









iSssis ss.ll' I I 



HisS 



S SSSRg 



K ss5.|§5 5.gii?i siiS.Es 



i-IBIIi i'-li' ^ I 






li 



B i 

c f 

If 
u 

E g 
2 I 






^§11 



oos§§ §iii§i §il|i„ ss8i§. §§§§§§ i|iii» i 

|||ls 5S5SS8 SiS-i 1 nils S25SS8 §lf?;| I 

1 ii§iil llllll lliii| I iiiiil liilil ||111| I 

I iiliii liilil iiliii I liiiii ilii|i iilili ! Iiiiil 

; Si^xssS SSSSSs SSsKSs I 5as8ss ssssSk aSsKSs § rSssssS 



illll! 



^ 1 PPPiPi liiii ilPs i I'll iliPil lili's i ?iii| 
1 


, K i 55M« ?-iisi! i!5^" i ' P ' i ' P iPPIsl ?-IH' = 1 ?IPI 


. iiiiilllilliiF^i^ili'liiiiiilir^i 11111 


S i _ 1 mm mm m'^ i -m't mm m^ - 1 iiiii 


, jlipiiilliPi^ii'Hiiiliir^l m 


To 

(102) 

140,438 

47,422 
•8,025 
•13.016 
•12,696 
•1.517 
•1.470 

•7.709 
•3.177 
•4,432 
•5.022 
9.609 
•8.186 

9.957 
6.686 
1,303 
180 
20 

64.118 

•5 
•1.248 
•3.254 
•9,222 

•1.470 

•6.461 
•2.977 
•4.432 
•5.022 
•6:615 
•7.987 

7,890 
6,222 
1,11 
••19 

76,32C 

65.21 
17,46< 
10,84* 
10,96 
35,95 


g SliielS S"Sggi islSSs a Ss^sSs Sg^StS ygss*- § Ak^M^. 

^ . ii 1 iilili iiBii iiiiis | fiiiii mm m i iiiii 


Adjusted gr 
plus ex 
lump-sum d 
Number of 
returns 

(100) 
84,622.490 

9.993.048 
9,563.096 
8,966,066 
8.212,258 
7,046,340 
6,135,504 

5,685,108 
5,273.297 
4.691.855 
3,962.777 
6.649.622 
3.629.532 

3.639.050 

948.034 

185,142 

36,357 

4,047 

1,357 

64,421,113 

71.131 
3.949,999 
6,093.604 
7.093.345 
6.735,444 
6,006,275 

5,613.129 
5.231,115 
4,666,744 
3,938,678 
6.618.527 
3.612.425 

3,619,500 
944.854 
184.650 
36.297 
••5.396 

20.201.377 

23.887.852 
19,892,956 
14,551.35C 
11.197.19 
15.093.14 


, ' , J wm iiilii liliw 1 ^W iiiiii mfi' = Wm 


i|i_ i PHii iiiiH pB»" 1 ^'»ii Mjip w^ i rni 


If " M|||ii iiiii ill , ill Iiiii ill 1 ^iiL 

i I 1 1 ii iiim mill i iHiji iiiiij jjiip 1 mjj 
i i i i ill iiilii Iiiii i iiiiii iiiii liHli ftilii 



34 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.7— Nontaxable Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income and Deficit 

I estimates based on samples— money amounts are in thousands of dollars] 



Sm of adjusted gross 


Number of 


Adjusted 

gross 

income less 

deficit 


Salanes and wages 
(gross) 


Farm net profit 


Partnershi 
less 


oelprofil 


profit less loss 




Number of 


Amount 


Number of 


Amount 


Number ol 


Amount 


retums 


Am^nt 




(1) 


(2) 


(3) 


(4) 


(51 


(6) 


(7) 


(8) 


(91 


(10) 


Grand total 


20,249,022 

19.708.805 

16,587.246 
2:757.467 
222,449 
70,151 
31,095 
17,107 

19,550 

3,180 

492 

60 

".? 

540^17 

364.752 
65.959 
38.270 
37.041 
16.563 
9.950 
4.572 


49.449,980 

55.933,683 

32.412,046 
17.534,467 
2.640,237 
1.204,506 
683,772 
475,341 

701,681 
195,259 
63,087 
17,111 
"6,176 

-6,483.704 

-525.157 
^59.753 
-476.023 
-804.052 
-630.095 
-701.760 
-625.482 
-2,261.381 


16.850,524 

16.658.618 
14.172,689 

35.832 
20,709 
13,304 

15,146 

2,346 

354 

42 

"J. 

191.906 

110.798 
30.355 
17.465 
16.510 
7.757 
4.747 
2.413 
1.861 


44.479,549 

43.204.764 

26.087.831 
13.811,243 
1.551,342 
520.703 
471.951 
206,672 

403,491 
111,747 
33,705 
4,044 
"2,037 

1.274.785 

410.169 
226.000 
140.661 
131.976 
91.973 
104.133 
74.671 
95.201 


1.037,773 

657,082 

526,154 
221,515 
55,081 
31,709 
8,348 

5,789 
653 
106 
"1_3 

180.691 

118.484 
20.847 
16.412 
13,074 
6.010 
3.591 

'684 


-1.277.241 

631.858 

-248.743 
108.670 
205.495 
298,202 
87,603 
129,943 

50,894 

2,944 

-2,419 

"-731 

-1.909.100 

^62.726 
-229.351 
-257.174 
-293.472 
-178.621 
-178.334 
-149,892 
-159,531 


409.233 

331,589 

196,728 
86,511 
25,945 

t^S 
5.689 

'i 

"37 

77.644 

38,045 
10,353 
7.509 
7.314 
5.852 
4.128 
2.336 
2.107 


-1.529.288 

223.500 

54,678 
116,078 

43,013 
8,552 
-7,313 

24,361 

-1,761 
-8,699 
-4,893 
"-517 

-1.752.788 

-116,271 
-83,630 
-127.234 
-143,543 
-174,035 
-263.103 
-184,587 


106358 

79.763 

37.965 
19.548 
6.958 
3.684 
3,363 
2,686 

4,435 

3 

29.095 

6,434 
e.361 

I'Z 
2.206 
1.981 

1.009 


-731.750 

-132.043 


$1 under $5,000 


-24.780 






$15,000 under $20,000 


-19.887 
-8.0O4 




-15.617 




-34.311 




-230 




•-573 




-66 


$500,000 under $1,000,000 

$1,000,000 or more 


-599.706 




-30.512 




-27.909 




-85.604 




-149.309 




-35.233 




-91.426 




-64.580 


$200,000 ot more 


-115,133 


-rn^'mrs^rr 


Sales of pr 
thancapi 
net gain 


operty other 
tal assets 
ess loss 


Dividends 
gross 


n adjusted 


Interest received 


Statutory adjustments 


Total deductions 


returns 


Amount 


Number of 


Amount 


Number of 
returns 


Am^nt 


Number ol 
returns 


Amounl 


Number ol 


Amount 




(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 




308.761 

225.477 

114.338 
66.296 
22.113 
11,573 

3!217 

3,011 
658 
•63 
"V. 

83,284 

38,213 
19,025 
8.330 

l%l 
2.175 
1.380 
902 


-362.951 

11.606 

-42.883 

-12.712 

1.667 

-4i652 
17:833 

24,360 
"1.106 

-374.558 

-37,588 
-72.102 
-54.240 
-80.067 
-81.345 
-21.563 
-24.005 
-23.648 


1,058.471 

1.007.464 

754.914 
192.845 
25.623 
11,825 
6,752 
5,318 

8,356 
1,472 
3K 

51,007 

23,805 
5,299 
4.829 
5.487 

2:526 
1.616 
1,536 


1.104.268 

932,155 

420,620 
269,889 
83,154 
54,364 

19:439 

18,088 
15,395 
12.112 
5.925 
"3.075 

172,113 

19,127 
4,233 
21,892 
18.923 
13.918 
29.146 
16.213 
49.660 


6.388,088 

6.132.924 

4.892,359 
1,014,970 
123,223 
46,786 
23,850 
13,282 

15,188 

2,748 

460 

50 

'".? 

255,164 

150,050 
39,957 
19,674 
20,977 
11.490 
7.103 
3.388 
2.525 


4.787.038 

4.368,660 

2,909,794 

'136:375 
88,664 
37:788 
21,764 

80,183 
23:i12 
12,479 
4,819 
"504 

416.378 

159.188 
42,661 
12,710 
46,368 
39,967 
33,951 
23,642 
59,892 


650.987 

623.313 

339.151 
217.753 
34.794 
14.718 
8.805 
4,630 

2,787 
530 

27,674 

20,638 
2,910 
1,426 
1,185 
329 
532 
383 
271 


1.574.598 

1,463,891 

834,209 
460:258 
61,129 
31,662 
27,412 
32:286 

10.541 
3.411 
2.724 
"262 

110.707 

79.545 
10.639 
2.971 
2,699 
672 
3,287 
3,196 


19,708,805 

19,708.805 

16.587.246 
2.757.467 
222.449 
70.151 
31.095 
17.107 

19.550 

3.180 

492 

60 

".? 

\ NOT AP 


40.118.795 




40,118.795 




29.934.245 








1.193.963 
















355.767 






$100,000 under $200,000 


21,337 




••5,822 






















$15,000 under $30,000 












J?00'000 or rrore 









Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.7— Nontaxable Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income and Deficit- 
continued 

All figures are estimates based on samples— money amounts are in thousands ot dollars] 



Size of adjusted gross 



Number of 
no taxable 



Returns with ad|usted gross 

SI under S5.000 

SSiMO under $10,000 ,-- 
SIOOOO under $15,000 . 
SI 5.000 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 $200,000 
$200,000 under $500,000 
$500,000 under $1,000,001 
$1,000,000 or more 

Returns witn detal total . . 

$0 under $5,000 

$5,000 undsr $10,000 .... 
$10,000 under $15,000 . 
$15,000 under $30,000 ., 
$30,000 under $60,000 ,, 
$60,000 under $100,000 , 
$100,000 under $200,000 
$200,000 or more 



7.220,M6 

7,220.988 



340.806 
117.322 
53.516 
21,337 



NOT APPLICABLE 



540.217 

364.752 
65.959 
38.270 



4,312.332 


S,450.S20 


917.442 


4.312.332 


5.450.520 


917.429 


2.016.913 
1.997.133 
181.905 
58.142 
26.733 
13.896 


863.907 
2.304.037 
711.301 
486,342 
321,135 
266,011 


337:387 
118.742 
87.799 
63.226 
55184 


14.925 
2.378 
284 


358.546 
108.770 
25:319 


85210 
32.303 
10225 



NOT APPLICABLE 



917,429 

124,335 
337.387 
118.742 
87.799 
63.226 
55184 



■Estimate stiould tje used m 



n because of ttie smaii n 



86 Individual Returns/1976 . Returns Filed and Sources of Income 

Table I.S-Returns With and Without Presidential Campaign Fund Checkoff: Response Boxes Checked by Marital Status ' 
and Size of Adjusted Gross Income 

(All (isufes are estimates based on samples) 




Total 


Returns 

with no 

eligible 

tax 


Returns with eligible lax 




Total 


W^Mi one or more 
"Yes" boxes checked 


Nonpn 


returns 




Number ol 
returns 


Number ol 

■Yes" boxes 

checked 


Total 


Number ol 
returns with 
no boxes 




(1) 


(2) 


(3) 


(4) 


(51 


(6) 


(7) 


M i«tumt, total 


84,670,389 

10,040,947 
9,563,096 
8,966.066 
8.212.258 

l^^ 

5.685.108 

3,962.777 
6,649.622 
3:629.532 

3.639,050 
948.034 

'1^5? 
4,047 
1.357 

23.935.751 
19.892.956 
14.551.350 
11.197.191 
15.093.141 


19,056,114 

9.926.860 
5.542.281 
2.178.615 
789,878 

. fiZ 

64,543 

xm 

29!399 
10.307 

15.817 

2.671 

460 

,56 

16.740,736 
1,992,255 
204,908 

58!717 


65,614,275 

114,087 
4,020,815 
6,787,451 
7,422,380 
6,750,983 
6:013:076 

5,620,565 
5.237.071 
4.670.962 
3.942.461 

sieisiMs 

184i6a2 
36:301 
4,042 

7,195,015 
17,900,701 
14,346,442 
11,137.693 
15,034.424 


22,875,104 

i,2^:4lJ 

2,168,274 
2,426,669 
2,254,359 
2,059.273 

i:88i:885 
1,681,542 

2:498:252 
1.426.409 

1,395,957 

63:695 
11,830 
1.343 

2,248,001 
5,876,318 
4,956,582 
4,050,462 
5,743,741 


35,992,635 

23.297 
1,260.476 

3:157:998 
3.185,494 
3,145,175 

3,114,675 
3.201,975 
2,941,542 

4:665:20c 
2,700,997 

2.668,485 

658,186 

120,891 

22,152 

2,470 

751 

7:781 :660 
7,895,801 
7,157,205 
10.839,032 


27,079,735 

78,588 
4,012,267 
5,745,340 
4,930,094 
3,807,031 

1,877,950 
1.276.693 
912154 
581,123 
617,541 
249,533 

79:401 

17,223 

4,361 

660 

277 

6,886,760 
11,686,560 
5,227.573 
2.072.040 


6,696,635 

34,965 
1,040.867 
1.373.128 
1,192.318 
945.906 

273:788 

153:410 
163.795 
71,115 

82,169 
30,896 
7,007 
1.874 
285 

1,746.915 
2.841,271 
1.243.187 
509.003 
357,259 






































All tetums, summair 






jis'ooo under $20000 


$20,000 or more 


■ 






Returns 


with eligible lax-Contnued 










Joint returns 


Size of adjusted gross income 


Number of 

■Yes" box 
ctwcked 


Number ol 

■■No"°l)Ox 
checked 


Total 


Number ol 

LxeT 
checked 


Number ol 

with one 
■Yes^^ box 
Checked 


Number ol 

■■Yes^ boxes 
checked 


Number ol 

with only 
■No^ boxes 
checked 




(8) 


191 


(101 


(11) 


(12) 


(13) 


(14) 


Al rttunw, lotil 

Under $2,000 
$2,000 under $4 000 
KOOO under $6000 
$6,000 under $8 000 
$8,000 under JIOOOO 
$10,000 under $12 000 

$12,000 under $14 000 
$14,000 under $16000 
$16,000 under $18000 
$18,000 under $20000 
$20,000 under $25000 
$25,000 under $30000 

$30,000 under $50000 
$50,000 under $100000 
$100,000 under $200000 
$200,000 under $500000 
$500,000 undei $1 000.000 
$1,000,000 or more 

All returns, summary 
Under $5,000 
$5,000 under JIOOOO 
$10,000 under $15000 
$15,000 under $20000 
$20,000 or moie 


9,216,927 

9.885 
1,256.375 
1.845.715 
1.655.969 
1.287.030 
925.867 

681.289 
508.974 
373.510 
212.204 
238.741 
106.363 

81.608 
26.438 
5.356 
1.316 
200 
87 

2.171.263 
3.883.711 
1.878.479 
823.365 
460,109 


11,166,173 

33,738 
1,715,025 
2,526,497 
2,081,807 
1,574,093 
1,088,734 

734,995 
493,931 
312,410 
215,509 
215,005 
72,055 

74,029 
22,067 
4,860 
1,171 
175 
72 

2,969,582 
4.961,578 
2,105,907 
739,672 
389,434 


38,534,540 

35.499 
8,548 
1,042,111 
2,492.286 
2.943.952 
3.361.383 

3.742.615 
3.960.378 
3,758.808 
3,361,338 
6,002,682 
3,369,692 

3.385.427 

865.962 

167.459 

31,940 

3,382 

1,078 

308,255 
6,214,141 
9,118,869 
9,065,653 
13,827,622 


9,745,606 

17,549 
4,716 
290,524 
609,295 
795,146 
887,478 

971,773 
962,886 
894,283 
790,650 
1,450,966 
821,120 

900,611 
274,558 
59,879 
12,376 
1,323 
473 

121.777 
1.595.453 
2.356.052 
2.151.018 
3.521.306 


540,646 

"17.502 

39.371 
36.194 
47.504 

61,408 
52.821 

49:473 
92,563 
45.558 

41.821 
7,040 
1.143 
192 

8 

•5,802 
87,265 
138,884 
120,354 
188,341 


13,117.531 

6.706 
2.050 
305,058 
731,329 
931,135 
1,085,902 

1.185.989 
1.320.090 
1,260,000 
1,193,981 
2,166,948 
1,274.488 

1,272,528 

312,354 

57,196 

10,322 

1,127 

328 

70,936 
1,905,342 
2,939,219 
3,106,743 
5,095,291 


15,130,757 

11,244 
1,781 
429,028 
1.112,291 
1,181,477 
1,340,499 

1.523,445 
1.624.581 
1,556.493 
1.327.234 
2.292.205 
1.228.526 

1.170,467 

272,010 

49,241 

9,050 

916 

269 

109,740 
2,626.081 
3,684,714 
3,687,538 
5,022.684 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



37 



able 1.9— Form 1040A Returns: Sources of Income and Income Tax After Credits by Marital Status 

dollarsi 









Joint returns of 


Separate returns of 


Selected income and lax ilems 






husbands and wives 




Number ol 


Amount 


Number of 


Amount 


Number of 


A^n, 


Numbet of returns 


(tl 


(2) 


(3) 


(4) 


(5) 


(6) 


28,610,019 




7.212.282 




864.779 




28,607,034 
28 553 059 






76.886.089 


864,779 
861,795 
•6141 


4.712.635 

4,702.227 

•659 




181 445 318 


7206313 


Dividends in ad|USled gross income 


524,951 


IWM 


153.255 


19 259 




6.739,89« 




1.939411 




95 408 


9 749 


















28 607 034 


52 827 155 


7 212 282 






958,744 
2 729 569 


Taxable income 


19,637.873 


102,250,759 


6,126,460 


45,784.418 


714 697 


Income tax tjelore credits 


19,637.873 




6,126,460 


8 436 640 


714 697 


517461 


















19637 873 


2 094 187 




917112 


714,697 


56.360 


Earned income aedit total 


3,252,569 


665,292 


1610133 


317.776 


Earrwd income credit used to otisel income tax before aedils 


1,350,675 


131,45^ 


590,079 


42 045 






Income tax alter credits 


17,934,546 


16.848,005 


5.556,413 


7,468,868 


672,494 


460.621 








1.253.832 
7.042.058 








Total taxpaymenis 


27.936,807 


23.564,133 


9,541,160 


843,282 




Tax withheld 


27.910,835 


23.539,97; 


7.030.272 


9,516,263 


842,949 


537.465 
















Tax paid wrth returrt 
















448 043 


79 0&< 


203 900 


42490 


101 595 


16,282 
113977 


Total overpayment 


26,729.258 


7.558.162 


6.284.322 


2,540.944 


646.329 




26,688.544 

1 


7.550.612 


6.280.533 


2.538,292 


646.329 


113.977 


















at heads 


Returns of 


persons not heads 








sunrrving spouses 




Selected income and tax items 








surviving spouses 


Number of 


Amount 


Number of 


Amount 


Number of 


Amount 


Vumbcr ol returns 


(7) 


(8) 


(9) 


(101 


(11) 


(12) 


2.076.793 




35,915 




18.418.250 






2.078.793 


12 773281 


35,915 


190.245 
187.814 


18.415.265 

16.373,227 

343.733 

4.486.745 


85.610.933 

85,181.021 

37:606 

392.306 














nterest received 


206.281 


34,735 


•12.053 


•2.430 


















2,078.79; 


3.628.983 


35.915 


76,076 


18.415.265 


31.849.267 


Taxable income 
















1.448.94C 


1.053,123 


•17.891 


•9,77< 


















6.818 

959.028 
53.665 
10.727 










•1,917 
5 766 


11.329,685 
254 504 




1360 956 


288 065 


26 976 


Earned income credit used to offset income tax befofe credits 


661.375 


77.534 






93.253 














8.096.770 
















1.980.053 


1.474.108 


33,921 


16,445 


18.037.493 


12.013.788 




1.978.805 


1,469.028 






18.024.888 


12.000 773 


Tax due at lime ol filing 


36.184 


4.704 




_ 


394.708 


54.604 






3.809 
•695 






291.201 
128.209 


35.267 
19,337 


Balance due after remittance 


•14.339 


_ 


_ 














4.014.56O 


Overpayment refunded 


2.029.423 


874.242 


35:915 


14.354 


17.696.344 


4.009.748 


■Estmale should be used with caution because ol the small number ol sample returns on wtiich it is based 










NOTE: Detail ma, not add to total because ol rounding 















Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.10— Form 1040A Returns: 

[All figures are estimates based on samples— money am 



Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income 

lunts are in tliousands o( dollars] 



Domestic and loreign dividends received 




3,504, 
3,002.389 
2,229,533 
2,097.740 



445,075 
79,423 
23,046 



445.075 
79.423 
23.048 



13,864.139 
8,651.306 
3.938.561 
2.156.013 



27,519,164 
9,709.791 
2.141,000 
773,540 



2,079,255 
6,080.743 
7,163,082 

9,380,343 
10,982,021 
12.290,476 
12.869,148 
11.596,649 



10.045,777 
9.474,674 
8.740,157 
8.620,143 

27,519,164 
9,709,791 
2.141.000 
773.540 

21,696,752 



31.6 



).709 



3,002.389 
2,229,533 
2,097,740 

2.208,748 
1.945,980 
1.710,817 



1.608,467 
445,075 
79.423 



875.662 
758.801 
649,495 



1.705,467 
5.122,791 
7.398,564 
7.730, 



11.057,215 
10.024,252 
9,445.879 



770,136 
159,903,555 



■3,925 
2.061,747 
6.042.625 
7,129.533 



12,250.028 
12,832.936 
11,563.722 



9,670,873 
2,133,950 
770,136 



49,303 
56,540 
43,527 



37,629 
36,264 
36.025 
33.440 
38.676 



24.354 
38,750 
48,972 
40.543 



28.827 
25,607 
24,412 



297,265 
181.779 
136,450 
165,087 



1,991 
3 714 


23.290 
31,749 




27,993 


2,414 


30,150 


?.350 


20,945 




17:905 






?3/0 




2,284 


18,759 


0.404 




4,116 




•/;«! 


•4,674 


•519 


•2,596 



23.555 
23,290 
31,749 
27,993 
30,150 



17.905 
23.842 
22.285 
18.759 



Individual Returns/ 1976 • Returns Filed and Sources of Income 




Soe o( adjusted gross i 




384.394 
425.762 
397.648 



305.994 
320.179 
248,442 
222,914 
235.803 



208,496 
402,645 
280,890 

336,719 
389.610 
397.648 
360.577 
331.762 



248.442 
222,914 
235,803 

713,560 
244.028 
43.725 



38.654 
30.90' 
30.524 



95.706 
36.071 
6.783 
3.140 



3.002,389 
2.229,533 
2.097.740 



•3.318 
739.349 
1,740,094 
1.566,271 



875.662 
758.801 
649.495 
595.304 



13.861.154 
8.651.3 
3.938.561 
2,156.0 



5,107. 

5,960.906 

5,130.113 

3,797.856 

3,639,40 



1,710.087 
1.551.402 
1.391,335 
1.375,398 



1.234.719 
221.749 
63.416 



2.912, 

2.724,540 

2.236,299 



■3,318 
739,349 
1.784,176 
1.765,708 



■8.955 
2.699,910 
3,308.692 
3,040.534 
2,438.657 



2.956,870 
2.798,200 
2.518.700 
2.442.580 
2.018.561 



18.846,692 
16.979,879 
9.770,670 
6.562.357 



2,175.367 
2,226,763 
1.962.557 



1.401.491 
1.225.880 
1,207.730 



45,454 
13,937,8 



12,734.9 
7.328.003 
4.921.768 



22.332 
1.294.778 
1.883.203 



1.056.803 
876,910 
758.801 
649.495 



1,609,467 
445.075 
79.423 



739,349 
1.740,094 
1.586.271 



5,340.628 

6,409.444 

7,274.8 

7,939.805 

7,407,5 



19.733,923 
7.390,257 
1.724,237 
664.670 



306,981 
1,856.654 
3,170,8 

4,938,646 

6.155,5 

7.202,9 

7:397>94 

7,183.903 
6,768.897 
6,521.781 
6,122,942 
6,037,0 

19.733,923 
7,390,257 
1.724.237 



53.326 
280.386 
534.263 



1.078,125 
1.261,543 
1.412,167 
1.350.931 



1,170.296 
3.924.853 



43.164 
272.853 
497.268 



40 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 

[All figures 



.10— Form 1040A Returns: Sources of Income, Deductions, 

re estimates based on samples— money amounts are in thousands ol dollars] 



and Tax Items by Size of Adjusted Gross Income— Continued 



Size of adiusted gross Income 



No adiusled gross inco 
$1 under $1,000 ,. 
$1,000 under $2,000 . 
$2,000 under $3,000 
$3,000 under $4,000 . 
J4.000 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 $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 $30,000 
$30,000 or more 

Taxable returns, total .. 

No adjusted gross incoi 

$1 under $1,000 

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

$5,000 under $6,000 . 
$6,000 under $7,000 
$7,000 under $8,000 , 
$8,000 under $9,000 . . 
$9,000 under $10,000 . 

$10,000 under $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 $30,000 

Total nonUiable returns 

Under $5,000 .,,. 

$5,000 under $10,000 . 
$10,000 under $15,000 



Footnotes at end of table 



Credit 
public 



53,559 
35.526 
38.249 



•2.888 
•2.596 

24,028 



117.825 
287.280 
188.600 
116.477 



1.895.799 
1.699.039 
1.544.617 



445.075 
79.423 
23.048 



•3,318 
739,349 
1,740,094 
1,586,271 



1.608.467 
445.075 
79.423 
23.048 



144.252 
133.105 
116.739 



25.877 
62.158 
70.833 



133.105 
116.739 
108.349 

296.450 
82.011 
14.867 
4.215 

107,902 



839.175 
663.845 
397.544 



363.539 
322.940 
358.197 



Used 10 offset income 



NOT APPLICABLE 



16.871 
37.963 
19.038 



NOT APPLICABLE 



1.145.522 111, 

NOT APPLICABLE 



Refundable portion 



212.799 
363.539 
322,940 
358,197 
456,840 



12,268 
55,693 
80.770 



91,370 
29,117 
3,001 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.10— Form 1040A Returns: Sources of Income, Deductions, 

[All figures are esumales based 



and Tax Items by Size of Adjusted Gross Income— Continued 




42 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.10— Form 1040A Returns: Sources of Income, Deductions, 

I figures are estimales based on s amples— money amounts are in thousands ( 



Tax Items by Size of Adjusted Gross Income— Continued 




Individual Returns/ 1976 • Returns Filed and Sources of Income 43 

Table 1.10— Form 1040A Returns: Sources of Income, Deductions, and Tax Items by Size of Adjusted Gross Income— Continued 

)ufes are estimates based on samples— money amounts are m ttKHjsands of dollars] 



I adiusted gross income 



Exemptions other ttian 




253.451 
83.958 
34.163 
•9.545 



45.383 
•33.959 

•5,969 
•12,738 



•2,985 
233,879 
393,103 
374.355 



455,542 
367,885 
326,499 
285,233 



•8.57 
4,941,838 



646,136 
723,708 
744,427 



1.241.25 
1.239.590 
1,160,928 
1,231,934 



477,799 
841.299 
1,016,879 



3,504. 
3,002.389 
2,229,533 
2,097,740 



1.945.980 
1.710,817 
1.553.902 



1,608.467 
445.075 
79.423 



3.693. 
3.349.313 
3.243,235 
2,679,638 



59.307 
33,404,204 



•3.318 
739.349 
1.772,733 
1.744.817 

2.029.033 
2.471.99' 
2.891.536 
2.955.479 
2.604.966 

2.459,580 
2.082,225 
1.863.662 



18.550,243 
16.863,286 
9,731,373 
6,551,514 



573,331 
535.533 
439.346 

391.662 
315.198 
257.676 



218,425 
586,797 
539,253 



547,465 
528.766 
435.562 



315.198 
257,676 
210.169 
213.529 

562.698 
164.247 
26.187 



3.827,107 
2,925,284 
1.388.234 
763.516 



668,487 
956,733 
917,030 
761,298 
776,548 



798,002 
720,347 
684,964 
599,135 

549,741 
460.352 
393.363 
311.667 
337.730 

961,650 
309,484 
52,374 



639,615 
643.913 
674,583 



460,352 
393,363 
311,667 
337,730 

961.650 
309.484 
52.374 



Individual Returns/1976 • Returns Filed and Sources of Income 



TaMe 1.11— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and Credits, by 
Of IneofiM Under Alternative Concepts 



|M igira ire ««mates based on samples-money amounls are ,n 






















Number ol 
returns 


AmounI 
of income 


Tax prelerences 

excluded Irom 

adiusled gross income' 


Im/estmen 
per income 


concepf 


Adiusied 
gross income 
lessdeftal 


Deductions per income concept' | 


Tax stalus and size ol 


Total 


interest- | 




Number ol 


Amount 


Number of 


AmounI 


Number ol 


An«m, 




(') 


(2) 


(31 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


Part 1— All Returns 
Sta. of •djuttMl irou Incom. 


M,670,389 

84.626.628 
36.357 
4.047 
t.357 

84,670.389 

64.616.802 
45.154 
5.942 
2.491 

84,670,389 

84.613.877 
47.597 
6,293 
2.622 

M,670,389 

84.631.043 
34.311 
3.763 
1.272 

M,421,367 

64.379,674 
36.297 
•■5.396 

64,421,367 

64.367.869 
45.081 
"8.417 

64,421,367 

64.364.969 
47.503 
■•8.895 

64,421,367 

64.382.063 
34.274 
■■5.030 


1,053,895,687 

1.038,163.816 
10.171.295 
2.694.559 
2,866.017 

1,071,352,188 

1.049.187.700 
12.758.536 
3.969.870 

1,077,133,220 

1.053,800.952 
13.443.554 
4.197.436 
5.691.279 

1,048,372,231 

1.033.578.599 
9.587.445 
2.504,110 
2.702.077 

1,004,445,707 

988.737,123 
10.154.184 
"5.554.400 

1,020,289,104 

998.155.803 
12.738.653 
•■9.394.647 

1,025,742.833 

1.002.452.763 
13,416.592 
"9.673.477 

999,225,627 

984.445.503 
9.577.385 
■•5.202.739 


15,673,879 

15.634.297 
34.324 
3.937 

15,673,879 

15.622.426 

5!833 
2.455 

15,673,879 

15.619,546 
45.564 
6.163 
2.586 

15,673,879 

15.636.667 
32.322 
3.654 
1.236 

13,577.761 

13.538.236 
34.273 
■■5.252 

13,577.761 

13.526.387 
43.100 
"8.274 

13,577,761 

13.523.531 
45.479 
••8.751 

13,577,761 

13.540.581 
32.293 
••4.887 


23.237.533 

19.528.766 
1.602.773 
832.303 
1,073.691 

23.237,533 

17.906,654 
2.261.982 
1.108,922 
1.959.775 

23,237,533 

17,792.496 
2.311.865 
1,132.392 
2.000.776 

23.237.533 

19.660.953 
1.750.513 
796.341 
1.029.726 

21.297,126 

17.590,393 
__1.801.500 

2.255,716 
••3.058.252 

21.297,126 

15.869.342 
2.305.449 
"3.122.335 

21.297,126 

17,721.406 

1.749.653 

"1.826,067 


14,124,505 

14.095.455 
25.175 
2.875 
1.0OO 

14,310,784 

14.274.085 
30.783 
4.091 
1.805 

14.310.764 

14.271.160 
33,226 
4.442 
1.936 

14.124,505 

14.097.670 

23.129 

2.591 

915 

13,609,168 

13,580.167 
25.131 
■•3.870 

13,789,032 

13.752.398 
30.743 
4.086 
1.805 

13,789,032 

13.749,498 
33.166 
"6,369 

13,609,168 

13.562.556 
••25.697 

915 


5,523,455 

4.998.573 
320.780 
104.034 
100.069 

5.781,032 

5.271.284 
306.043 
98.008 
105.699 

5,781,032 

5.132.025 
376.527 
127.218 
146.262 

5,523,455 

5.141.243 
250.720 
69.520 
6i:973 

5,220,080 

4,703.631 
314.457 
•■201.993 

5,453,730 

4:947:322 
303.820 
96.888 
105.699 

5,453,730 

4.813,999 
369,560 
"270.171 

5.220,080 

4,839.853 
■■318.255 

61.973 


1,053,895,687 

1,038.163.816 
10.171.295 
2.694.559 
2.866.017 

1,053,895.687 

1.036,552.129 
10.802.597 
2.958.955 
3.582.005 

1,053,895,687 

1.036,008.453 
11,131.689 
3,065.044 
3,690.501 

1.053,895.687 

1.038.719.842 
9.638.165 
2.573.630 
2.764.050 

1,004.445,707 

986.737.123 
10.154.184 
■■5.554.400 

1,004,445,707 

96/119:967 
10.786.758 
"6.538.983 

1,004,445,707 

986.583.421 
11.111.144 
"6.761.142 

1,004,445,707 

989.285.355 
9.826.510 
••5.333.842 


247,644,764 

244.215.227 
2.069.621 
648.211 
711.704 

241,883,731 

238.651.821 
1,866.695 
586.810 
758.404 

247,644,764 

243.672.905 
2.299,578 
740.134 
932.146 

242,121,308 

239.339.036 
1.683,442 
514.397 
584.432 

207.525.968 

204.123.591 
_2,048.284 

202.072,239 

198.908,729 

1.821.817 

••1.341.692 

207,525,968 

203.615.435 
2.245.839 
"1.664.694 

202,305,888 

199.538.468 

1.671,376 

••1.096.044 

" 


23.366,640 

23,334.141 
28,262 
3.155 
1.082 

21,625.954 

21.602.127 
20.533 

23.366,840 

23.322,698 
36.949 
4,900 
2.093 

21,876.»4« 

21,659.346 

15.707 

1.451 

445 

22,337.557 

22.305.112 
26,213 
"4,232 

20.875.748 

20.651.938 
••22.91_1_ 

899 

22,337,557 

22.293,690 
36.983 
••6,984 

20,723,546 

20.705.959 

15.691 

1.451 

445 


43,415,483 












11,000,000 Of more 

Sbt 01 upirKM Income- 


37,634.431 

37,486.350 

122.764 

16,514 

8.803 

43.415,483 

42.600.747 
509.106 
148.810 
156.800 

37,802.00* 

37.763.976 

105.846 

13,592 

8,594 

41W,122 

40.629.198 
426,464 
••231,459 

35,833,392 

35,667.458 
••137.13_2 

8.803 

40.486.104 
499.116 
••301.902 

36,0*7.042 

35.941.307 

103.549 

13.592 

8.594 






IMOOOO und« S1000000 . . .. 


IIOOOOOO or mora 


«M M MMM groM Income plus U> preference. 






Sw'ooo iS J1000000 


ilSoSoTlnir^r^.,::;::::;:::;:::::::::::;::::::;::;::::^ 


«H f« KMM gron Income lets Inveelment Mereet 




Put ll-Taxable Returns 

Sin ol Ktlinted grou Income 
TsM 








Site ol eipmded hcornC 




IIOOOOOO or more 


■n •« tdlustwl gron Income plus tai preferences 

tm 

On*r$!00.000 


ggSl|&;;::::::::::::::::::::::::::::z^^ 

TsM 






Sm'oW unS $1000000 





























Individual Returns/ 1976 • Returns Filed and Sources of Income 



45 



able 1.11— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and Credits, by Size 
1 Income Under Alternative Concepts— Continued 



Jl figures are estmales based 


on samples-money amounts are in 


thousands o 


dollars] 




















a and size ol 
alternative concepts 


rrr 


Amounl 
ol income 


Tax prelerences 
adiusled gross income' 


Inveslmenl interest 
per income concept" 


Adjusted 


Deductions per income 


concept' 




Total 


Interest- 


income undei 


Number ol 


Amount 


TtS^'s"' 


Amounl 


Number ol 


Amounl 


sue ot •dilated grow Incoro 




(2) 


(3) 


(4) 


(5) 


(6) 










20,249,022 

20,248.954 
".? 

20,249,022 

20,248.9^3 
"16 

20,249,022 

20,248.908 

20,249,022 

20.248.960 
37 
"5 


49,449,980 

49.426.693 
••6!l76 

51,063,084 

51.031.896 
19.883 
••11.305 

51,390.387 

51.348.188 
_26,9€1 

49.146,604 

49,133.097 
10.059 
••3.448 


2.096.118 

2,096,0^1 

2,096,118 

2.096.039 

2.096,118 

2,096.015 
__85 

2,096,118 

2,096.086 
29 
••3 


1,940,407 

1.938,373 
1,273 
"760 

1,940,407 

1,923,696 

6,266 

"10,447 

1.940,407 

1.923.156 

6,417 

••10.83_4 

1,940.407 

1.939.547 
860 


515,337 

515.288 

•;5 

521,732 

521.687 
5 

521,732 

521,662 

515,337 

515.314 
"23 


303,375 

294,942 
6,324 
"2.109 

327,303 

323,961 
2.222 

327,303 

318.026 
5.967 
"3,309 

303,375 

301.390 
••1.985 


49,449,980 

49.426.693 
17,111 
"6,176 

49,449,980 

49,432,162 
15,840 
••1.978 

49,449,980 

49.425,032 
20.545 
"4.403 

49,449,980 

49,434.487 
11,655 
"3.837 


40.118,795 

40,091.636 
21.337 
••5,822 

39,791,493 

39.743.093 
44,878 
••3,522 

40,118,795 

53.739 
"7.586 

39.800.568 
12.066 
••2,786 


1,029.083 

1,029.029 
••6 

950,206 

950.189 
"17 

1.029,083 

1.029.008 
« 

953,403 

' 16 


2,128,342 




2,115.120 
10.530 








$1,000,000 Of nwe 






H" 


1,801,039 




1,796,892 
••2.147 












Sbt 0) adlinted gron 


Incoim plus tai pr.tw.tKM 


2,128,342 




2.114.643 
9.990 
"3,709 










sue ot •d|u.t«f grou 1 


Kom. I.M lnvMtn»nl lnt».>t 


1,824,966 




1.822,669 
2,297 

















46 



Individual Returns/1976 • Returns Filed and Sources of Income 



Table 1.11— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and Credits, by Size | 
of Income Under Alternative Concepts— Continued 



[All figures are estmales based on samples-money amounts are (n 


thousands ol d 


ollarsj 


























Deductions per incom 


e concept-Continued 








under allemalive concepts 


Taxes 


Contnbutions 


Medical and dental 


Total miscellaneous 
deductions 


Standard deduction 


Number ol 


Amount 


Number ol 


Amount 


Number ol 


Amount 


Number ol 


Amount 


Number ol 
returns 


Amount 




(111 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


120) 


Part 1— AH Returns 






















Size of adjusted grou Income 






















Total 


25,860,608 


49,610,062 


24,434,659 


16,792,387 


18.062,751 


12.159,556 


21,771,915 


11.913,506 


58,172,237 


113.753.7M 


Under $200,000 


25,919.449 
35.813 
4.004 
1.342 


48,471.446 
752.072 
203.055 
183:489 


24,394.348 
35.060 
3.933 
1.328 


15,686.444 
614.092 
245.327 
346,524 


19,040,403 
19.451 
2.204 


12.122.313 

32.620 

3.712 

911 


21.735.330 
31.700 
3,643 
1,242 


11,538.328 
232.560 
72.615 
70.005 


58.171,710 
479 
37 


113.752.378 
1.282 




100 


$1,000,000 or more 


28 


Size of eipanded income* 






















Total 


25,860,608 

25.808.495 
43.851 
5.818 
2.444 


49,610,062 

48,337.437 
607.506 
224.371 
240.748 


24,434,659 

24,383.903 
42.664 
5.660 
2.412 


16,792,387 

15,474,516 
638.943 

415:577 


19,062,751 

19,033.526 
24.487 
3.440 
1.298 


12.159,556 

12,115.668 
36.219 
6.134 
1.534 


21.771,915 

21,726.050 
38.371 
5.246 
2.248 


11,913,506 

11.487,245 
258.332 
76.252 
91.680 


58.172,237 

58,171.065 

1.068 

70 

24 


113.753.7M 




113.750.606 




2.931 


$500 000 under SI 000 000 


188 


$1,000,000 or more 


63 


Size of adjusted gross Income plus ta. preferences 






















Total 


35,860,606 

25,805.570 
46.294 
6.169 

2.575 


49.610,062 

48,298.544 
830,740 
231,113 
249,665 


24.434,659 

24,381.059 
45,034 
6.025 
2.541 


16,792,387 

15,441.021 

272:168 
426.738 


19,062.751 

19.031.800 
25.938 
3.643 
1,370 


12,159.556 

6,445 
1.612 


21,771,915 

21,723.358 

5:576 
2.376 


11.913,508 

"■^:?5S 

81,410 
97,268 


5»,172,237 

58,171.055 

1.088 

70 

24 


113.753,788 




113.750.606 


$200,000 under S500.000 


2,931 
188 




63 


Size of adjusted gross Income less Investment Interest 






25,860,608 

25.821.859 
33.772 
3.720 
1.257 


49,610,062 

48,612.558 
726.987 
192.674 
177.842 


24,434,659 

24,396.694 
33.066 
3,665 
1.246 


16,792,387 

15,624.630 
597,756 
236117 
333.884 


19.062,751 

19.041,697 

18,365 

2,037 

852 


12,159,556 

12.124,519 

30,772 

3,549 

715 


21,771.915 

21.737.606 
29:771 
3.377 
1,161 


11.913,508 

220.798 
68.366 


58,172437 

58.171,710 
479 
37 


113.7S3,7M 




113,752,378 




1,282 








28 


Part ll-Taxable Returns 






















Size of adjusted gross Income 






















Total 


24,559,315 

24.518,216 
35,759 
"6,340 


48,078,667 

46.941.495 
760.953 
"386,220 


23,334,173 

23.293.916 
35.003 
"6,255 


16,080.691 

14.876437 
612,884 
"591,369 


17,931,901 

17.909,582 
19,425 
"2,894 


10.078.512 

10.041,496 
32,403 
"4,614 


20.876,913 

20,840,386 
31,649 
"4,878 


11,144.996 

10.780.395 
224.297 
"140.303 


39.821.227 

39.820.700 
479 
37 


•0,855,981 




80.854.571 






$500,000 under $1,000,000 


28 


Size of eipanded Income' 
























24,559,315 

24,507.273 
43:786 
"8,256 


48,078,667 

46,807.499 
806.193 
"464.975 


23,334,173 

23,283.481 
42.605 
"8.087 


16,080,691 

14,793.297 
608.949 
"678.445 


17,931,901 

17,902,728 
"27.875 

1,298 


10,078,512 

10,034,788 
"42.190 

1.534 


20.876,913 

20.831,104 
38,322 
"7:487 


11.144,996 

247:060 
"165.051 


39,821.227 

"39.821.133 

70 
24 


80.855.981 




"80.855.730 






































24,559,315 

24.504.373 
46.208 
"8,734 


46.769.061 
829.184 
"480.422 


23.334,173 

23.280.661 
44.955 
"8.557 


16,080,691 

14.760,228 
622,048 
"698,415 


17,931,901 

17.901,014 
25,878 
"5,009 


"8.048 


20.828,434 
40,537 
"7,942 


11,144,996 

10.714.694 
264.646 
"175.656 


39.821,227 

"39,821,133 
70 


•0,8S5,9«1 


Under $200,000 
$200,000 under $500,000 


"80.865.730 
186 


$1,000,000 or more 






















Size of adjusted gross Income less Investment Interest 






. 


















24,559,315 

24,520.600 
33.741 
"4,974 


48,078,667 

46,982,147 
726,138 
"370,383 


23,334,173 

23.296,236 
33,040 


16,080,691 

14,914,194 
596,973 
"569 523 


17,931,901 

17,910.864 
"20.385 

652 


10,078,512 

10.043,676 
"34,221 

715 


20,876,913 

20,842.640 
29.740 
"4,533 


11,144,996 

10,802,674 
212,763 
"129,660 


39,821,227 

39,620.700 
479 
37 


!;'!P-!?1 














$1,000,000 or more 





Individual Returns/1976 • Returns Filed and Sources of Income 



47 



ible 1.11— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and Credits, by Size 
f Income Under Alternative Concepts— Continued 

BS a/e estimates based on samples— money amounts are in thousands of dollafs] 



Tax status and size i 



Medical and dental 



Part III— Nontaxable Returns 



aOO.OOO under $500,000 

1500,000 under $1,000,000 

1.000 Of more 

Stee ol expanded Income' 

Total 

$200,000 

.200.000 under $500,000 

400.000 undef $1,000,000 
1.000,000 01 more 

Sbe ol adiuited grosa Income plus tax prelerencea 

Total 

inder $200,000 

200,000 under $500,000 

400,000 under $1,000,000 

,000.000 or more 

Size of adjuated groas Income 

Total 



■ $200,0 



1,301,2»3 

1.301.233 



1,301,293 

1.301.222 



1,301,293 

1.301,197 



1,301,293 
1.301.259 



1,531,395 

1.529.951 



711,696 

710,436 



1.130,850 
1,130,833 



2.081,043 

2.080,943 



895.002 

894.924 



18,351,0 

"18.351.0 



768,512 

753.992 
11.498 
"3.022 



758.301 
8.036 
"2.175 



18,351,010 

•18.351.010 



32,897,807 

32.897,807 



32,897,807 

"32.897,807 



32,897,807 

•32.897.807 



32397,807 

32.897.807 



48 



Individual Returns/1976 • Returns Filed and Sources of Income 



Table 1.11— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and Credits, by Size 
of Income Under Alternative Concepts— Continued 

[All figures are estimates based on samples— money amounts are in thousands o< dollars) 





Exemptions 
(amount) 


Taxable income 


Income tax before credits 
(including additional tax 
for tax preferences) 


Tax credte 




Tax status and size of income 


Total 


Foreign tax aedit 


Total 




Number ol 
returns 


A™.nt 


Number of 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


income tax 




(21) 


(22) 


(23) 


(24) 


(25) 


(26) 


(27) 


(28) 


(29) 


(30) 


Part l-AII Returns 






















Size 01 adjusted gron Income 






















Total 


161,830,453 


68,716,772 




68,738,039 


154,534,530 


68,723,881 


12,732,959 


255,749 


427,627 


141,801,470 


Under $200000 


161,719.099 
97.414 
10.457 
3.484 


68,675,223 
36,189 
4.012 
1.348 


662,653.507 
8,021,043 
2.040,753 
2.151,684 


68,696,323 
36,317 

l!356 


147.354.483 
4.385.422 
1.302,806 
1.491,818 


68,682,332 
36,189 
4,012 
1,348 


12,554,407 
99,853 
34,752 
43.946 


249,040 
5,410 
907 
392 


360,771 
26,183 
14,029 
26,644 


134 799 974 


$200 000 under $500 000 


4,285,569 
1,268,055 
1,447,872 


$1,000,000 or more 
























Total 

Under $200,000 

$200 000 under $500 000 


161,830,453 

161,688,284 
120,549 
15,284 


68,716,772 

68.663.905 
44,587 
5,841 


674,866,988 

661.301,460 
8.568,896 
2,272,557 


68,738,039 

68,684,524 
45,095 
5,930 


154,534,530 

4;590!894 
1,434,163 


68,723,881 

68,671,014 
44,587 


12,732,959 

12,521,265 
113,162 
38,840 


255,749 

247,679 
6,341 
1,126 


427,627 

352,981 
32,585 
12,457 


141,801,470 

134,034,434 










Sin of adiuited grou Income plus lai preterencas 






















Total 


161,830,453 


68,716,772 


674,866,988 


68,738,039 


154,534,530 


68,723,881 


12,732.959 


255,749 


427,627 


141,801,470 


Under $200,000 


161,679,854 


68,661,137 
46.933 
6,142 


661,004,835 
8,771,481 
2,325,866 


68,681,618 
47.522 
6.280 


146,406,125 


68,668,246 
6!l42 


12,515,858 
116,037 
39,540 


247,279 
6,648 
1,181 


351,825 
33,363 
11,859 


133,890,165 
































Total 


161.830,453 


68,716,772 


674,866,988 


68,738,039 


154,534,530 


68,723.881 


12,732,959 


255,749 


427,627 


141,801,470 


Under 1200.000 

$200,000 under $500,000 

$500 OOO under $1 000 000 


161,725,829 
91,685 
9,676 
3260 


68,677,522 
34,228 
3,753 
1269 


662,948,041 
7,821,823 
1,982,209 
2114916 


68,698,718 
34:288 
3.761 
1 272 


147,513,471 
4,292,795 
1,265,694 
1 462 370 


68,684,631 
34,228 
3,753 
1 269 


12,560,697 
96,015 
34,016 
42 231 


249,412 
5,117 
854 


362,618 
24,672 
14,506 
25 631 


134,952,672 
4,196,781 
1 231 876 






Part II— Taxable Returns 






















sue of ad|u«ted gross Income 






















Total 


128,045,277 


64,404,440 


669,416,468 


64,421,367 


153,617,088 


64,407,209 


11,815,517 


233,887 


356,614 


141,801,470 


IJOOOOO 


127,934,102 
97,254 
"13,922 


64,362,914 
36,169 
"5,357 


657,208,138 
8,018,224 
"4,190,105 


64.379,674 
36,297 
"5,396 


146,440,059 
4,383,820 
"2,793,209 


"5,357 


11,639,983 
98,251 
"77,283 


"1,296 


292,712 
24,645 
"39,257 


134 799 974 


$200,000 under $500,000 


4,285,569 


$1,000,000 or more 


1,447,872 


Size of expanded Income' 






















Total 


128,045,277 


64,404,440 


669,416,468 


64,421,367 


153,617,088 


64,407,209 


11.815,517 


233,887 


356,614 


141,801,470 


Under $200,000 

$200,000 under $500.000 

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


127,903,325 
120,371 
"21,582 


64,351,590 
44.573 
"6.277 


655,855,935 
6,566,233 
"4,994,300 


64,367,869 
45,081 
"e,41_7 


145,641,335 
4,589,333 
"3,386,420 


64,354,359 
44,573 
"8,277 


11,606,799 
111,602 
"97,t1_5 


225,831 
6,330 
"1,726 


284,922 
31,047 
"40,645 


134,034.434 
4,477,732 
1,395,323 
1,893,981 


























128,045,277 

127,894,969 
127,481 
"22,627 


64,404,440 

64.348.828 
46.914 
"8.698 


669,416,468 

655.559,466 
8.768.671 
"5.088,331 


64,421,367 

64,364,969 
47,503 
"8,895 


153,617,088 

145,491,701 
4.678.607 
"3.446,780 


64,407,209 

64.351.597 
46,914 
"8,698 


11,815,517 

11.601,434 
114,437 
"99,645 


233,887 

225.432 
6.636 
"1,819 


356,614 

283,766 
31,824 
"41.024 






133,890 165 




4 564 170 


$500,000 under $1,000,000 

$1,000,000 or more 


1,424,746 
1,922,389 


sue of adiustod gross Income less Investment Interest 






















Total 


128,045,277 


64,404,440 


669,416,468 


64,421,367 


153,617,088 


64,407,209 


11,815,517 


233,887 


356,614 


141,801,470 


j?noooo 


127,940,752 
91,597 
"12,929 


64.365,207 
34.214 
"5,019 


657,502.516 

7,819,159 

"4,094,793 


64,382,063 
34,274 
"5,030 


146,599,005 
4,291,235 
"2,726.848 


64.367,976 
34.214 
"5.019 


11.646,231 
94,454 
"74,832 


227,564 
5,106 
"1,217 


23^134 
"38,922 


134 952 672 










$1,000,000 or more 


1,420.138 



Individual Returns/ 1976 • Returns Filed and Sources of income 



49 



Table 1.1 1— All Returns, Taxable Returns, and Nontaxable Returns: Number of Returns, Income, Deductions, and 
of Income Under Alternative Concepts— Continued 

[All figures aie estmales based on samples— money a 



Credits, by Size 





(amounll 


Taxable income 


Income tax before credits 
(including additonal tax 
lor tax prelerences) 


Tax credits 




under allemative concepls 


Total 


Foreign 


tax credit 


Total 


Number ol 


Amount 


Number o( 


Am^n, 


Number ol 
returns 


A™unt 


Number of 


Amount 


income tax 




(21| 


(22) 


(23) 


(24) 


(25) 


(26) 


(27) 


(28) 


(29) 


(30) 


Part III— Nontaxable Returns 






















Size of adiusled gross Income 
























33.785,176 

33.784,997 
160 


4,312432 

4.312.309 
20 


5,450,520 

5,445.369 
2.820 
••2.332 


4.316,672 

4.316.649 
,20 


917,442 

914.424 

1.602 

••1.416 


4,316,672 

4.316.649 
20 
••3 


917.442 

914.424 

1,602 

••1.41_6 


21,662 

21.847 
12 
••3 


71,013 

68.059 

1.538 

"1.416 




Under $200000 








$500,000 under $1,000,000 

$1,000,000 or more 


I 


TO.I ^""••r""'.— 


33,785,176 


4,312,332 


5,450,520 


4.316,672 


917,442 


4,316,672 


917,442 


21,862 


71,013 


_ 


Under $200000 ... 


33.784.959 
178 
"40 


4.312.315 


5.445,525 
2.663 
"2.332 


4.316.655 


914.466 

1.560 

••1.416 


4.316,655 

•;3 


914,466 

1,560 

••1,4t_6 


21,848 
"3 


68.059 

1.538 

"1.416 




$200 000 under $500 000 




$500000 under $1000 000 








sue Of adjusted gross Income plus tn pfeler»nc«s 






















Total 


33,785.176 

33,784.885 
244 
••48 


4,312,332 

4,312,309 
_19 


5,450,520 

5.445,369 
2.810 
••2.341 


4,316,672 

4.316.649 
19 


•17.442 

914.424 

1.600 

••1.418 


4.316,672 

4.316.649 
19 
"4 


917,442 

914.424 
1.600 
"1.418 


2t,W2 

21.847 
12 
••3 


71.013 

••1.416 




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


E 


Size of adjusted gross Income less Investment Interest 






















Total 


33,7»S.176 


4,312,332 


5,450,520 


4,316,672 


917,442 


4.316.672 


•17,442 


21,M2 


71,013 


- 


Under $200,000 

$200 000 under $500 000 


33,785,078 
89 
••10 


4,312.315 


5.445.625 
2.663 
••2.332 


4.316,655 


914.466 

1,560 

"1,416 


4,316.655 
"3 


914.466 

1.560 

••1.416 


21.848 


68,059 

1,538 

"1.416 


- 






$1,000,000 or more 


- 



1 sample returns on which tf 



i (excluding home rrxxlgage interest) In 



I. other tax preferences from Form 4625. ^ 



if the "Adjusted gross ir 



" and "Adjusted gross ir 
■ and "Adiusted gross ir 



•Amount less than $ 
NOTE Detail may n. 



50 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.12— Selected Income Items by Size of Specified Income 

[All figures are estimates based on samples— money amounts are in thousands ol dollars] 













— — 


-1 


Salanes and 
wages (gross) 


Business and profession 


Size ot specified income 


. 






Net profit 


Nei loss 


Number ol 


Amounl 


returns 


Amount 


returns 


Amount 


returns 


Amoun, 


"reto's"' 


Amounl 




(1) 


12) 


(3) 


(4) 


(5) 


(6) 


(7) 


(6) 


(9) 


(10) 


Total 


(4,123,626 

4,249.194 
5,244.990 
5,031.575 
4,531.521 
4.331.708 

4.634.358 
4.265.839 
3.946.419 
3.679.057 
3.367,283 

3.219,533 
2.915,971 
2.927,598 
2.757,510 
2.730,738 

11.197,191 
6.649.622 
3,629,532 
3,639,050 
948,034 

185,142 
36,357 
4,047 
1,357 


1,060,805,806 

2,427.174 
7,760.636 
12,572.750 
15.885.379 
19,541,497 

25.392.773 
27.688.054 
29.589.451 
31.248,420 
31.937.640 

33.785.374 
33.516,802 
36.584,869 
37.202,225 
39.599.285 

194.184,453 
147.891,145 

98,784,280 
132,893,393 

62,415,723 

24,173,611 
10,171,295 
2,694.559 
2,866.017 


546,763 

170,747 
89,294 
46,212 
36,846 
23,674 

21,332 
14,320 

8:963 
7,168 

9,978 
7.281 
5.356 
7.208 
8.801 

16.454 
11,577 
10.703 
17.327 
10.597 

4.940 
2.387 
656 
443 


6,910,119 

53.323 
126.550 
114.718 
129.903 
106.518 

116.936 
92,856 

109,130 
75,409 
68,106 

104,170 
84,181 
66,507 
96,962 

128,450 

287,029 
258,916 
294,073 
658,872 
745,859 

677,628 
728,967 
452,615 
1.332,441 


75,510,735 

5,002,073 
5.237,012 
4,880,501 
3847,275 
3,630,599 

3.923,098 
3,636,967 
3,309,670 
3,266,810 
2.967,668 

2,897,466 
2.663.886 
2.572,224 
2,543,555 
2,530,189 

10,244,203 
6,001,487 
3,051,602 
2,702,695 
505,062 

83,972 

11,945 

633 

143 


2.704,950 
7.721,890 
12,183,120 
13.436,090 
16,397,302 

21.487,168 
23.617,818 
24.836,731 
27.755,888 
28.151,780 

30.395,884 
30,614,826 
32.159,925 
34.324,231 
36.681,878 

177,348,737 
133,491.894 
62,872.282 
97,271,380 

10,834.018 
3,204.685 
404.753 
265.495 


5,744,547 

1,287,724 
737.339 

399;063 
331,320 

256,830 
220.668 
190.686 
178,397 
151.733 

132.540 
112.051 
100.745 
92.112 
79.272 

288.629 
179.532 
119.585 
215.911 
109.544 

16,791 

2,560 

270 

99 


50,328,842 

l,075:078 
1,336.827 
1,390,857 
1,485.364 

1,407.920 
1,431.517 
1,423,194 
1,513.372 
1,439.871 

1,388.828 
1,287.745 
1,258.195 
1,243,100 
1,148.962 

4,988,466 
4,002,391 
3,283,691 
8187,790 
7.216.155 

■701:348 
178,575 
219,177 


1,803,283 

841,907 
342,983 
176,693 
105,138 
74,788 

56,256 
41.167 
25.793 
24,860 
17,751 

14,809 
9.206 
8.843 
6.073 
4.957 

18.006 
9,250 
7,235 

10,043 
4,723 

1,756 
818 

81 


5,829.381 






$2 000 under $3 000 


434,689 




362 728 












266,309 




191,407 


$8,000 under $9,000 


211,111 

168,100 
















82,381 












205,139 




194,333 










$100,000 under $200,000 


240,125 


$500,000 under $1,000,000 


184!e68 








Farm 


Partnership 


Size ol specified income 


Net profit 


Net loss 


Ne, profit 


Net loss 


Number of 
returns 


Amount 


Number of 


Amounl 


Number of 


Amount 


Number of 
returns 


Amounl 




(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(t7) 


(18) 




1,341,589 

368,164 
178,162 
108,779 
76,571 
65,769 

59,775 
47.870 
43.021 
31.304 
33.786 

30,359 
23,064 
25,738 
20,355 
17.805 

68.241 
45.107 
31.390 
49.715 
14.610 

1,764 
224 


10.338,735 

151,751 
261,014 
269,801 

296!018 

329.894 
311.627 
321.927 
268.176 
319.056 

317,466 
265,731 
324,038 
276,718 
257.034 

1,170,343 
1,000.451 

858.394 
1,823.680 

955,694 

222,774 
58.803 


1,477,601 

412.385 
321.356 
189,104 
143.548 
86.441 

70,458 
43,995 
28,577 
32,475 
19,845 

14,233 
15,250 

7>30 
4,162 

18!848 
8.440 

15.756 
8.594 

2.586 
748 

28 


6.882,954 

188,326 
468,562 
464,937 
502,042 
384,573 

382,964 
284,354 
214,561 
276,416 
189,002 

149,393 
176,444 
136,508 
103,775 
60.702 

381.224 
417.671 
234.812 
588.929 
580.063 

350.971 
209.536 
70.338 
66.850 


1,598,473 

444,262 
176,873 
105,030 
84,747 
59,802 

53,425 
60,793 
47,967 
36,745 
37,876 

32,559 
35,261 
21,998 
23,504 

83,263 
47,942 

69!l47 

15.645 
3.140 


19,660,207 

141,036 
263,785 
255,473 
290,991 
269,535 

291,979 
395.855 
360.256 
309.182 
361.128 

344.393 
406.869 
275.726 
317.556 
267.048 

1,449.239 
1,070.851 
1,234.245 
3,583110 
4555.903 

2,040.040 
848.564 


1,014,306 

451,182 
165,928 
95,870 
44,123 
32,330 

25,631 
15,763 
19,348 
14,860 
12,246 

10,468 
7,519 
9.556 
5,759 
8,131 

19,993 
14,907 
11,690 
19,491 
18,363 

7,165 
3,013 
661 
289 




7,977.737 




171,394 


$iooounde;$2oob ':":::::::::.:::::: 


235.676 




234.856 




152.906 


KOOO under $5,000 


143.411 
139.955 




102.794 




145.692 




126.993 




115.348 






108.837 




86.517 








77.626 




118.462 




341.495 




333.491 










$50,000 under $100,000 


971.627 






$500,000 under $1,000,000 

$1,000,000 or more 




13 
3 




8,654 
4,146 




i/b 
61 




84.491 
42.953 


562:226 



Footnotes at end ol t£ 



Individual Returns/1976 • Returns Filed and Sources of Income 



Table 1.12— Selected Income Items by Size of Specified Income— Continued 

samples-money amounls are rn thousands ol dollars| 





Small Business Corporation 


Sales of c 


apital assets 
gain) 


Sales of property olher 
than capilal assets 


Size ol specified income 


Nel profit 


Net loss 


(Ne 


Net gam 


Net loss 




^rSS^'s°' 


Amount 


Number ol 
returns 


Amount 


Number of 


Amount 


Number o( 


Amount 


Number of 
returns 


Amount 




(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


(25) 


(26) 


(27) 


(28) 


Total 


3M,75 

i2e,e5« 

34,87 
40.89 
15.77 
21.94 

20,80 

6!84i 
3.90^ 
8.21 

8,183 
4.095 
2.015 
5.952 
7.064 

16.537 

iiS 

10771 

2.727 
829 
150 
59 


4,050,48 

38.00 
53,24 
102,576 
54,81 
98.45 

70!75' 
51,024 
33.157 
76.884 

85.740 
46.693 
25.07 
79.414 
103,104 

284,872 
262.651 
313.055 
540.804 
713,212 

365.226 
244.060 
99.920 
194.533 


254.22 

60.69( 
37,19C 
21.96/ 
17,66 
12,35 

1:?i 

7.13 
9.50 
1.57 

3.69 
1.005 

\S2 
4.92 

10.637 
4.869 
1.839 

11.310 
3.528 

1.285 
567 

3! 


2.174,50 

30,91 
54.08 
53.28 
60.27 
56.0M 

70,50 
33.32 
54.10 
81.348 
14.854 

38,602 
11,710 
27.413 
25,615 
70:020 

189,93 
111,927 
50,925 
425,805 
245,524 

179,600 
158.220 
66.246 
64.189 


6,081,W 

3,339,94 
698:37 
487.586 
307,02 

149,769 
102,463 
92,62C 
70.089 
52,147 

42.42S 
39,697 
29,452 
26,563 
24,443 

68,947 
33,226 
27,37 
43,379 
22,398 

7.868 
3.44. 

435 


20,207,10 

993,60C 
1.289.16 
1.169.62 
1.061.65C 

941.376 

824,92 
665,065 
691.584 
593.784 
493.296 

445.918 
457.397 
366,264 
356,39 
351,286 

1,186,219 
746.729 
742.584 
1.638.924 
1,522.334 

1,065,124 
1,032,438 
612335 
939,095 


681,27 

425,59 
88,94 
47.59 
35.91 
21.05 

13.63 
10.94 
5.69e 
3,60C 
2.9 1C 

2,36 
1.916 
1.998 
2.503 
938 

6,048 
3.14 
1,58. 

Vi 

23- 
2 


1,454,26 

141,59 
129,41 
116,410 
124,26 

75,44 
63,738 
41,905 
30,216 
27,692 

25,142 
21.676 
25.104 
33.495 
13.717 

137.277 
70.12 
43.209 
68.45 
48.692 

32,324 
42,425 
14,791 
28,333 


416.05 

258,94 
66,33 
25,27 
11, 08/ 
6,21 

10.89 
4.10 
2.94 
85 
1.25 

1.13 
2,10v 
2,16S 
96.: 
99C 

5,75 
3,47S 
2,43. 
6,33C 
2,062 

476 
199 
43 


1,298,876 

82,100 
93,966 
62,016 
37,367 
36,093 

57,010 
26,310 
21,996 
7,213 






$2 000 under $3 000 


S3 000 under $4 000 






$6 OOO under $7 000 


$7,000 under $8,000 

$8,000 under $9,000 


$10 000 under $11000 




$11 000 under $12 000 


24,640 
26,449 
13,269 
14,310 

98,867 
77,088 
66,288 
233,420 
125.776 

61.534 
53.858 
28.950 
26.493 






$14 000 under $15 000 






$25 000 under $30 000 ... 


$30,000 under $50,000 

$50 000 under $100 000 




$200,000 under $500,000 






Size of specified income 


gross income 


Interest received 


Pensions and annuities 
in adjusted 
gross income 


Rent 


Net income 


Net loss 




Number ol 
returns 


Amount 


'*rSSfn's°' 


Amount 


^™S^'s°' 


Amount 


Number of 


Amount 


Number of 


Amoun, 




(29) 


(30) 


(31) 


(32) 


(33) 


(34) 


(35) 


(36) 


(37) 


(38) 


Total 


9,039,758 

5,958,419 
1,058.815 
565.075 
339,754 
186,058 

149,036 
138,039 
84,570 
68,710 
50,415 

41,680 
39,351 
26,890 
29,097 
22,444 

90,736 
45,680 
34,%3 
55,410 
36,196 

12.108 
5.029 
910 
373 


24,461,943 

1.613,264 
1.483,732 
1.396.599 
1.181.714 
835.575 

817.202 
894,845 
630.844 
583.216 
481.538 

436.558 
452.242 
334.841 
393.406 

1.564.190 
1,026.541 
963,313 
2,100594 
2,487.071 

1,636,578 
1,465,831 

736:288 


42,569,233 

31,698,075 
4,422,681 
2,151,323 
1,339,609 
796,879 

537,787 
380,041 
304,013 
183,245 
133,172 

103,168 
84.810 
77.305 
52.232 
47.807 

130.328 
48.773 
24.351 
38.926 
11.285 

2,615 
656 
116 
36 


4«,5M.111 

7,113,847 
6.264,937 
5,281,644 
4.654,716 
3,549.007 

2,944.329 
2465,821 
2,272.906 
1,548,112 
1,265,969 

1,081,701 
976,429 
959,884 
705,809 
693,684 

2.206,381 
1,055,417 

662,470 
1.449.202 

752,732 

345.101 
187.531 
78.236 
72.243 


5,538,948 

930.566 
828,837 
729.139 
610.380 
657,606 

434.684 
353,422 
236,574 
154,286 
119,689 

99.415 
81.357 
57.757 
56173 
32.765 

104.612 
35.331 
11.042 
4.139 
1,076 


24,556,210 

484,661 
1,238.347 
1,819,114 

2!957>18 

2.376,768 
2.288.407 

i;307;341 
1.133.536 

1,041.708 

722:662 
756,984 
475,756 

1.794,504 
767.146 
302.018 
146.381 
72.210 

10.189 
"4.543 


3.901,763 

2,186,794 
646,064 
330,035 
165,319 
118,666 

92.322 
64.754 
47,046 
43,593 
32,194 

26.999 
19.930 
21.301 
8.763 
10788 

38,766 
19,362 
10,255 
12,106 
5,422 

1,051 

183 

25 

3 


9,097,750 

854,859 
918,1% 

57i:589 
533,181 

510.491 
417.215 
352,737 
366,464 
306,613 

278,976 
229,516 
263,562 
118,491 
156.078 

666.331 
427.881 
283.422 
465,941 
351,961 

133,569 
51,136 
16.754 
5,557 


2,879,114 

1.638,465 
586.340 
276,775 
119,652 
70,544 

36.757 
31.594 
19.635 
16.499 
18.583 

9,775 
10,087 

3:026 
4,283 

11.655 
5.583 
2.543 
6.736 
2.560 

763 
290 
58 
19 


5,246.977 

675,415 
625,913 
682.995 

312:888 

202.834 
204,655 
146794 
138,589 
176,773 




$1,000 under $2,000 






$5 000 under $6 000 








$9 000 under $10 000 . . 






114.653 
58,047 
40,735 
61.993 

198.536 




$13 000 under $14 000 










67.518 
260,941 
174,219 

109,254 
85,669 
38,753 
30512 










$500,000 under $1,000,000 

$1,000,000 or more 



52 



Individual Returns/ 1976 • Returns Filed and Sources of Income 



Table 1.12— Selected Income 

|AII figures are estimales bast 



by Size of Specified Income— Continued 

Its are m thousands ol dollars| ^^^ 




387.971 


103,475 


69,63! 


97,853 


24.34< 


61,113 


31,31' 




19,730 


86,804 


5,653 


31.347 


8,200 


52,636 


6,94b 


51,233 






6,054 


58.149 


5,870 


62.341 




51.172 


1,140 


14.361 


1?47 




2,043 


29.111 


3,287 


55,423 


5 261 




3,461 


92,355 




239.057 


3,610 


257.250 


1.202 


160.342 






108 


73.50C 




91,382 



29.162 
17.797 
17,142 



226.266 
209.413 
154.025 

156.654 
112,935 
127,513 



304.588 
123,197 
124,451 



I) combined frequencies or a 



27.436 
6,677 
2.705 
1.321 
3.520 



215,905 

8.608 
6!573 



284.780 

71,728 



25.772 
90.499 
83.053 
118.220 
76,293 



•5,268 
•54.472 
•18.762 



action 2 



Deductions 
and Exemptions 



litents 

Iroduction, 53 

II affected by tax law changes, 53 
ictions from adjusted gross 
lime, 53 

landard deduction, 53 
remized deductions, 54 
iaptions, 54 
(indents with unearned income, 54 

I; tables 
Form of deduction and size of 
adjusted gross income, 1975 
and 1976, 55 

Number of returns and number 
of exemptions by type, 1975 
and 1976, 56 
Nontaxable returns with 
adjusted gross incomes of 
$200,000 or more: itemized 
deductions as a percent of 
adjusted gross income, 57 



2.7 Returns with interest paid 
deduction: interest deducted 
as a percent of adjusted 
gross income by size of 
adjusted gross income, 69 

2.8 Returns with contributions 
deduction: contributions 
deduction as a percent of 
adjusted gross income by size 
of adjusted gross income, 70 

2.9 Returns filed by dependents 
with unearned income: 
selected sources of income, 
deductions, and tax, by size 
of adjusted gross income, 71 

2.10 All returns: exemptions by 
type, number of exemptions, 
sources of income, by size of 
adjusted gross income, 72 

2.11 Exemptions by type and marital 
status, 77 



all other returns. (The appli- 
cable percentage of adjusted gross 
income remained at 16 percent. 1 
See "Standard Deduction" below. 



Deductions from Adjusted Gross 
Income 

Personal deductions from 
adjusted gross income could either 
be itemized or taken in the form 
of the standard deduction. The 
standard deduction itself could 
take two forms: the "low-income 
allowance" and the "percentage 
standard deduction", both of which 
are discussed in greater detail 
below. Details on the form of 
deduction claimed are shown in 
table 2A and chart 2A. 



Standard Deduction 



Distribution of returns by 
form of deduction, 1967-1976, 54 
Itemized deductions by type, 
1966 and 1976, 56 
Percent of all returns by 
number of exemptions for 
taxpayers and dependents, 1966 
and 1976, 57 

■.c tables 

Returns with itemized 
deductions: deductions by 
type and by size of adjusted 
gross income, 58 

A Returns with itemized deduc- 
tions: adjusted gross income, 
total deductions, exemptions, 
and tax items by size of 
adjusted gross income and by 
selected marital status, 60 

'~ Returns with itemized deduc- 
tions: sources of income by 
marital status, 65 

■ Returns with itemized deduc- 
tions: itemized deductions 
as a percent of adjusted 
gross income by size of 
adjusted gross income, 66 

,! Returns with medical and 
dental expenses deduction: 
medical and dental expenses 
deducted as a percent of 
adjusted gross income by size 
of adjusted gross income, 67 

■ I Returns with taxes paid 

. ^ deduction: taxes deducted as 
a percent of adjusted gross 
income by size of adjusted 
gross income, 68 



Introduction 

Data presented in this section 
cover deductions from adjusted 
gross income. These deductions 
were used to arrive at taxable 
income and included the $750 
allowed for each personal exemp- 
tion. Statutory adjustments to 
gross income to arrive at adjusted 
gross income are mentioned in 
section 1, Returns Filed and 
Sources of Income. 

Data for types of exemptions 
are presented in tables 2B, 2.10, 
and 2.11, while data for five 
categories of itemized deductions, 
by marital status, are presented 
in tables 2.2 and 2.3, and data 
for itemized deductions as a 
percent of adjusted gross income 
are shown in tables 2.4-2.8. Data 
are also presented for returns 
filed by dependents with unearned 
income (table 2.9) and on itemized 
deductions as a percent of adjusted 
gross income for nontaxable returns 
with adjusted gross income of 
$200,000 or more (table 2C). 

Data Affected by Tax Law Changes 

The Tax Reform Act of 1976 
increased the standard deduction 
by raising both the maximum and 
minimum amount allowed. The new 
limits for 1976 were $200 more 
than those in effect for 1975 for 
joint returns and $100 more for 



A taxpayer was allowed a 
standard deduction in lieu of 
itemizing deductible personal 
expenses. For 1976, the stan- 
dard deduction was 16 percent of 
adjusted gross income with fixed 
limits depending upon marital 
status. For unmarried persons 
(including heads of households 
with dependent children), the 
limits were a minimum of $1,700 
and a maximum of $2,400. For 
married persons filing separately, 
the limits were set at $1,050 and 
$1,400, and for married persons 
filing jointly (as well as for 
certain surviving spouses), the 
limits were $2,100 and $2,800. 
The lower limits represented the 
"low-income allowance", i.e., a 
minimum deduction allowed any one 
taxpayer. 

Most taxpayers received the 
benefit of whichever was the more 
advantageous of these two forms of 
standard deduction. If the tax- 
payer determined the income tax 
from the "tax tables", the larger 
of the percentage standard deduc- 
tion or the low-income allowance 
was automatically used in these 
tables to determine the tax. How- 
ever, a married person filing a 
separate return had to use the same 
form of the standard deduction as 
his or her spouse, and certain 
dependents with unearned income 



53 



54 



Individual Returns/ 1976 . Deductions and Exemptions 



Chart 2A 



Distribution 
of returns 
by form 
of 

deduction, 
1967-1976 



Minimum standard 
deduction prior 
to 1 970. 



Millions 0* returns 
100 



80 



Percentaae standard deduction 




1967 



1970 1971 1972 1973 1974 1975 1976 



had to limit their standard deduc- 
tion to the amount of their earned 
income. (See also "Returns with 
Standard Deduction or with Itemized 
Deductions" and "Dependents with 
Unearned Income" in section 6, 
Explanation of Classifications and 
Terms . ) 

Itemized Deductions 

In lieu of taking the standard 
deduction, a taxpayer could itemize 
eligible taxes (for example, real 
estate and State and local income 
taxes), medical expenses, interest 
expenses, charitable contributions, 
and other eligible expenses incur- 
red during the year. Chart 2B 
shows the amount of each major 
deduction item claimed for 1976, 
along with a comparative figure 
for 1966. In the case of a 
married couple filing separate 
returns, if one of the spouses 
claimed itemized deductions, the 
other had to do so as well and, in 
some cases, this may have meant 
claiming no deductions where one 
spouse claimed all the deductions. 
See "Returns with Standard Deduc- 
tion or with Itemized Deductions" 
in section 6, Explanation of 
Classifications and Terms, for a 
description of the classification 
of these returns. 



Exemptions 

In the computation of taxable 
income, each taxpayer was allowed 
one exemption of $750 for himself 
or herself. On a joint return, 
the husband and wife could each 
claim an exemption, even if only 
one had income. Additional $750 
exemptions could be claimed by 
both taxpayer and spouse for 
blindness or for having attained 
the age of 65. A married person 
filing a separate return, but 
whose spouse had no income and was 
not the dependent of another tax- 
payer, could also claim the regular 
as well as the age and blindness 
exemptions to which that spouse 
was entitled. In addition, one 
exemption could be claimed for 
each qualified dependent (defined 
in section 6, Explanation of 
Classifications and Terms). The 
number of exemptions claimed on a 
return, other than those for age 
and blindness, is an indication of 
family size (see chart 2C). 

uependents with Unearned Income 

The number of returns filed by 
dependents with unearned income 
for 1976, as shown in table 2.9, 
was approximately three times 
greater than that for 1975. This 



large increase was primarily due 
to the fact that dependents with 
unearned income could indicate 
this status on Form 1040A for the 
first time, as well as on Form 
1040. In previous years, iden- 
tifying oneself as a dependent 
with unearned income was possible 
only on Form 1040. Therefore, a 
dependent with unearned income 
filing Form 1040A could not be 
identified as such. 

Dependents with unearned 
income who had combined dividend 
and interest income in excess of 
$750 were specifically prohibited 
from using a Form 1040A for 1975. 
This was not true for 1976; the 
only restrictions on dependents 
with unearned income were, in 
general, those in effect for all 
taxpayers (i.e., dividends or 
interest in excess of $400 re- 
quired the use of Form 1040). 
While income amounts shown in 
table 2.9 represent an increase 
over 1975, this increase was 
basically composed of very minima 
amounts declared by the larger 
number of identifiable dependents 
with unearned income. 



Individual Returns/1976 • Deductions and Exemptions 



55 



Table 2A.— Form of Deduction and Size of Adjusted Gross Income, 1975 and 1976 

[All figures are estimates based on samples] 



Average adjusted gross 



$5,000 

5,000 under $10,000 
10.000 under $15,000 
15,000 or more 



Rstumi With Adiusled Gross Income i 



5,000 under $10,000 
10,000 under $15,000 
15,000 or more 



19,952,9 
14,963,61 
22,410,885 



709,449 
3,764,312 
6.155,972 
15,444,328 



23.935,751 
19,892,956 
14,551.350 
26.290.332 



5.000 under $10,00 
1.000 under $15.0 
15,000 or more 



146.545.680 
185.639.766 
562.223.307 



2.589,107 
29.672,340 
77,476,734 
422.870.566 



116,873,340 
108,161,032 
139.352,741 



51,277,317 
145,856,338 
180.687.556 
676.074.476 



581,678,757 

2.098,588 



-689,342 
-4.952,210 
113.851.169 



2,142 
7,332 
12,417 
25,715 



23,478,327 
15,755,170 
2,185,790 



ler $15,000 
1 no adjusted c 



22,743,987 

16,637,463 

4,187,787 

3,274 



44.755 
337,049 
5,223,250 



508,370 

-25,531 



56,880,455 

113,516,805 

23,942,499 

•19,933 



84,218,533 
139,332,608 

-6.304,555 



120,218,660 

47,408,679 

63,365 



2,745,057 
68.299,191 
184,303,249 



28,315,873 

-123,747 



3.003 
7.744 
12.718 



$5,000 under $10.00 
$10,000 under $15,0 
$15,000 or more 



Returns With Ad|usted Gross Income i 



Under $5,000 

$5,000 under $10,000 
$10,000 under $15,000 
$15,000 or more 



40,163, 
39,023,736 
38,697,827 
105,296.226 



100,921,181 

38.238.698 
27.563.282 
17.518.919 
17.600.279 



-156.238 
-1.654.122 
-2.741.564 
16,182,320 



Total 

Uiidef$5,000 

$5,000 under $10,000 
$10,000 under $15,000 



$5,000 under $10,000 
$10,000 under $15,000 
$15,000 or more 



113,753,788 

39,397,693 
31,024,913 



78,495.854 

39.383,913 
30,598,292 
8,509,896 



426,621 
10,839.669 
23,977,863 



9,085,993 

1,178.726 
3,543,348 
4,361,055 



1 adiusted gross ir 



56 



Individual Retums/1976 • Deductions and Exemptions 



Chart 2B 

Itemized deductions by type, 1966 and 1976 



Billions of dollars, 



I I 1966 




1976 



nfcra 



Taxes Interest Contri- Medical Other 

paid oaid butions and dental 





1976, 26.C 


' m 


■ 




Table 2B.-Number of Returns and Number of Exemptions by Type, 1975 and 1976 


Exemptions by type 


1975 


1976 


C-,an9e,1|75 




(1) 


(21 




All Exemptions 


212:202:596 
159.140,845 

62,229.332 
126.560.899 

7.683,135 
9.937.208 

206.988 
217.592 

34.624.433 
75.486.897 


84.670.389 
215.773,937 

84.670.389 
129,210.683 

7.975,070 
10.430,763 

174.867 
177.671 

35,357.105 
75.954.820 


If. 
2,68 

2:64 

2sl 

7S 






Exemptions for Taxpayera 




ExemptkHU (or Age 65 or Over 

Number 01 returns 

Number of _exemptions 

Exemption, for Bllndneu 

Number of returns 

EiempUona (or Taxpayers' Dependente 


Number of ewmptions 










! 



Individual Returns/ 1976 • Deductions and Exemptions 



57 



Chart 2C 

Percent of all returns by number of exemptions 
for taxpayers and dependents, 1966 and 1976 



Percent of all returns 



I 1 1966 




Number of exemptions (other than age or blindness) 



Table 2C.-Nontaxable Returns With Adjusted Gross Incomes of $200,000 or More: Itemized Deductions as a Percent of 

Adjusted Gross Income 

(All figufes are estmales based on samples] 


Itemsed deductions by type 


Number ol returns with specified itemized 
deductions as a percent ol adjusted gross income 




Total 


Under 10 
percent 


10 under 30 
pwcenl 


30 under 100 
percent 


Z'ST 




(1) 


(21 


(3) 


(4) 


(5) 


rtemized deductions 


68 
29 
60 
53 
54 


29 
48 
42 
13 

33 


12 
3 
9 


12 

• 

3 
3 






_ 










ast deduction 

casualty and Ifieft loss deduction 

-thei deductions 


II 
> 
1 



58 



n 



II 



ill 



•If 



Individual Returns/ 1976 • Deductions and Exemptions 

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lis 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.2— Returns With Itemized Deductions: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of 
Adjusted Gross Income and by Selected Marital Status 

[All figures are estimates based on samples— mofTey amounts are in thousands ot dollars] 





All Retums 


Size of adjusted gross income 


Number of 


Adjusted 
gross 
income 


Total 
deductions 


Exemptions 
(AmounI) 


Taxable 


income 


Income lax 


after credits 


Total income tax 


Number of 


AmounI 


Number 01 
retums 


Amount 


Number ol 


AmounI 




(1) 


(2) 


(3) 


(4| 


(51 


(6) 


(7) 


(8) 


(91 


(10) 


AH return total 


25.951.389 

89.027 
243,760 
667.503 
1.063.548 
1.454,852 
1,818,958 

2.157.687 
2.373.876 
2.282.778 
2.181.179 
4,420,413 
2.895.179 

3.186,819 

894.129 

180.447 

36,878 

4,010 

1,346 

24,593.594 

16,295 
69,246 
281.607 
744.678 
1,296.833 
1.735.197 

2.112.423 
2,343,491 
2,266.703 
2.162.358 
4,395.425 
2,884.072 

3,172.632 
891,441 
180.027 
35.818 
••5,348 

1,357.795 

600,246 
2,918,444 
5.140.313 
5.674.165 
11.618.221 


581,678.757 

106.490 
786.863 
3,423.253 
7,490.419 
13,184.186 
20,026.141 

28.064.000 
35.665.295 
38,806.637 
41,422.004 
98.742.630 
78.919.767 

116.921.691 
59.033,936 
23.591.504 
10.045,058 
2.670,679 
2.779,206 

571.295,050 

2^J:^1 

1,480,349 
5,307,183 
11,776,056 
19,115,182 

27,484,131 
35,212,675 
38,532.995 
41,063.106 
98,193.706 
78,609.367 

116,398.973 
58,868.621 
23,535,913 
10,027,946 

"5.443,709 

10,383,707 

2,098,588 
22,892.622 
64,979.686 
99,004,390 
392,703.472 


133,890,976 

232.608 
678,291 
2,204,734 
3,492,736 
4,967,014 
6,227,631 

7,791.071 
9,313.851 
9,791.444 
10.046.897 
21,657.192 
15.950.042 

22.649,153 
11.118,395 
4,341,788 
2.068,339 
648,111 
711.677 

126.669,988 

5.076 
92.719 
689,823 
2.082,376 
4.011.903 
5.657,862 

7.461,248 
9.055,345 
9.645,308 
9.793,591 
21.380,864 
15.795,213 

22.308,347 
11.001,074 
4.288,272 
2.047.002 
••1.353.965 

7.220.988 

1,769.053 
9,606,332 
18,437.324 
24,733.569 
79,144,698 


66.181,359 

130,967 
385,009 
1.203,045 
2.175,568 
3.038,264 
4.178,377 

5.313,275 
6.082,895 
6,055,142 
5.809.813 
12,061,877 
7:846.696 

8,737.481 

2,539.774 

512.957 

96.380 

10.383 

62.627.123 

63!237 
361.409 
1.290.519 
2.518.370 
3.861.413 

5.137.034 
5,979.426 
5,993.672 
5.752.019 
11,993.492 
7,814.267 

8.695.766 

'511>26 
96.220 
"13.822 

3,554.236 

965,732 
5,967,120 
12,414,677 
15,024,824 
31.809,005 


25.1»«.407 

26.517 
97.006 
393.484 
908.605 
1.378:688 
1.791.754 

2.149.390 
2.367.552 
2.279.093 
2.175,106 
4.415,796 
2:89i:465 

3.181,416 

892,671 

179,844 

35:710 

3,975 

24.584,941 

•15,794 
69,207 
28i:423 
742,756 
1.296.217 
1.734,426 

2.111,962 

2:266:613 
2:162:309 
4,395,169 
2.883.569 

3.171.864 
890.786 
179.632 
35.690 
••5:309 

S84,4«6 

247,617 
2.556.683 
5.101.124 
5.661.770 
11.602.213 


383,621,001 

9.939 
76.430 
485.073 
2,091.016 
5,352.373 
9,714,805 

14,994.735 
20.307.509 
22,976,166 
26,636,684 
66,044.830 
55.140.903 

65.611.588 
45,434,632 
18.766.233 
7,897,122 
2,017,047 
2,064,926 

382,083.515 

•8.492 
68.218 
432.687 
1,948.074 
6,260,752 
9,603.616 

14,887.516 
20,179.404 
22,895.361 
26,617,906 
64,821.345 
56,004.193 

86,401,349 
46,362.641 
18,748.020 
7,894.303 
••4,079.641 

1,527,486 

208.698 

7,806.133 

34.282.018 

69.346.870 

281.977.281 


24.581,087 

•15.794 
69.207 
281.399 
743.694 
1,296,484 
1,734.223 

2,111,686 
2,341.735 
2,266.292 
2,162,122 
4,394.823 
2,883.398 

3.170.430 

869.640 

179.299 

35.572 

3.962 

1.327 

24,581.087 

•15.794 
69.207 
281.399 
743.694 
1,296.484 
1,734.223 

2111.686 
2.341.735 
2.266,292 
2,162,122 
4.394.623 
2,883.398 

3,170.430 
889.640 
179.299 
35.672 
"5.289 

171,536 
2,235.043 
4,994.084 
6,621.974 
11,668,451 


90,004,966 

•645 

7,529 

49,397 

236,815 

711,199 

1.391.211 

2.256,494 
3.214,866 
3.823,562 
4.476,956 
12.202,798 
11.309,417 

20.684,796 
16,054,609 
8,063,014 
4,056,060 
1,171,233 
1,294,343 

90,004,966 

•645 

7,529 

49,397 

236,816 

711.199 

1,391.211 

2.266,494 
3,214.866 
3,823.662 
4,476.966 
12,202798 

20,684,796 
16,054.609 
8.063.014 
4.056.080 
••2.465.576 

19.890 

985,696 

5,151,915 

10.011,174 

73.836.291 


24,593,594 

16.295 
69.246 
281.607 
744.678 
1,2%.833 
1.736,197 

2,112,423 
2.343,491 
2,266,703 
2.162,368 
4.395,426 
2.884,072 

3.172,632 

891,441 

180,027 

35.818 

4.004 

1.344 

24,593,594 

16,295 
69,246 
281,607 
744,678 

1:735:197 

2.112,423 
2,343,491 
2.266,703 
2.162,358 
4.396,425 
2,884,072 

3.172,632 
891,441 
180,027 
35,618 
••5,348 

172.214 
2,236.446 
4,997.056 
5,623,117 
11,564.763 


90,879,002 




$2000 uixter $4 000 


8343 


$4'000 under $6'oOO 


60 940 










$10000 under $12 000 


1 394 684 










$16000 under $18 000 


3 834 735 




4 479 669 


$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 


12.213.346 
11.322,807 

20,763,359 






$200 000 under $500 000 


4.218.366 




1 263 387 








90,879.002 


Under $2,000 


1.973 




50.940 




240 041 












2 265 039 










Ite'oOO under $20'000 


4,479.659 




12213346 






$30 000 under S50 000 


20,763.369 




16,263,417 










$500,000 under $1,000,000 


"2.656,711 






All returns, summary 




$5 000 under $10 000 . ... 


991,278 




5,164,487 






$20,000 or more 


74.672,389 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.2— Returns With Itemized Deductions: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of 
Adjusted Gross Income and by Selected Marital Status— Continued 

[All hgures are esitmaies based on samples— money amounts are in thousands of dollars] 



Size ot adjusted gross > 



of liusbands and > 



Totaf income lax 




1,916,876 
t.904,833 
«.064,619 



73,633 
349,566 
723,502 
1,127,626 

1.638.257 
1.929.336 
1,904,451 



1,638,294 
3,826,466 
»,833,938 



21.873,325 
29.400,890 
32.618.047 
36,184.443 
90,907.073 



21.337,748 
29,012.638 
32.373.386 



109,701,544 
54,080,725 
21.365.566 
8.815.446 



845.280 
13.005.711 
48.858.567 
84.478.786 



1.071,019 
2,058,277 
3.026.239 



8.818,603 
19.919,589 
14.942.142 

21,178.533 
10,001,424 
3,826,710 
1,752,54' 
529.69- 
537.756 

109,542,803 

•2,510 



•720 



5.603,993 
).672.822 
1,809.704 



9,925,599 
3,783,094 
1,737.658 



5.739.291 
14.030,773 
21.155,418 



5.511.605 
5.523.389 
5.452.931 



5.397.605 
11,521.752 
7,581.367 

8.443.443 

2,425,976 

487.142 

89.708 



4.223.200 
10.629.287 
13.858.457 
30.700.277 



474.457 
798,090 
1,182,076 



2.999.087 

821.01 

163.326 

31.474 

3.330 



40,342 
1.377.842 
3.799.677 
4.825.424 
10,800.866 



11.096.882 
16,212,226 
16,844,296 
21,974,642 



17,118.242 
6.996.660 
1.692.268 



690.035 
2.495.146 
5.S86.425 

10,992,367 
16,086,978 
18,764,052 
21.863,737 
59,197.024 
51.536.473 

80.245.954 
41.743.808 
17.104.972 



24.348 

3.458.251 

24.276.380 

49.546.637 

260,870,330 



1.637.723 
1.927,562 
1.904.041 
1.887.803 
4.040.999 
2.714.178 

2.989.069 

818.178 

162,927 

31,360 

3,318 

1,058 

20,3M,7S0 



1,637,723 
1.927.582 
1.904.041 
1.887.803 



6.444 
66.514 
295.048 



3,708. 
10,936,482 
10.492,529 

19.181.206 
13.683.006 
7.280.206 
3.552.691 
971,337 
1.017.399 

7«,«27,6«1 



66.514 
295.048 
730.020 

1.564.313 
2.437.010 
3.004.504 
3.708.964 



13.683,006 
7.280.206 
3.552.691 



366.888 
3.403.062 
8.041.748 
67,114.856 



73.833 
349.566 
723.502 
1,127,626 



73,833 
349,566 
723,502 
1,127,626 



2,991.028 
819,723 
163,483 
31.560 
••4.425 



732,488 

1,572.541 
2,440.231 
3,014.784 
3.711.665 
10.946.067 
10.503,997 

19.237,944 
13,850,120 
7,436,155 



62 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.2— Returns With Itemized Deductions: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of 
Adjusted Gross Income and by Selected Marital Status— Continued 

[All figures afe estimates based on samples-money amounts are in thousands of dollars] 




3t,037 
27,273 
6,020 



155,745 
101,894 
45,493 



216.481 
61,013 
52,823 
26,659 



216,431 

56,720 

'•166,238 



72.474 
83,256 
99.321 
167,860 



118,032 
116,352 
37,578 

79,767 
54.805 
13.571 
•62.635 



421.329 
380.352 
372.173 



617.77 

9.423 



143,025 
204,405 
153.285 



29,028 
38,266 
38,993 
63,966 



70,376 
128,686 
207.431 
461.786 



431,014 
427,957 
112,860 

202.516 
156.387 
42.432 
37.596 



487.286 
642.621 
535,437 



27,837 
396,387 
1,335,133 
1,223.012 



28,775 
37,817 
38,993 
63.937 



45.869 
31.034 
27.273 



65.430 
21.799 
••64.552 



16,397 
28,775 
38.016 
38.993 
63.937 



31,035 
27,273 
6,020 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.2— Returns With Itemized Deductions: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by 
Adjusted Gross Income and by Selected Marital Status— Continued 



All figures are estmales based on samples-money am 


ounis are in Iho 


usands of dollar 


1 


















Returns of heads of households 


Sae ol adiusled gross income 


Number ol 
returns 


Adiusted 
gross 


Total 


(Amount) 


Taxable 


income 


Income lax 


after credits 


Total in 


ome tax 




Number of 


Amounl 


Number of 


Amount 


Number ol 


Amount 




(31) 


(32) 


(33) 


(34) 


(35) 


(36) 


(37) 


(38) 


(39) 


(40) 




1,27«.485 

•3.503 
14,667 
66,089 
145,303 
216,361 
223,310 

153,715 
116,856 
107,886 
60.538 
80.891 
36.880 

33.072 

13.590 

2.830 

665 

100 

29 

1,167,»3« 

•4,182 
23,863 
106,861 
206,432 

152,423 
116,365 
107.611 
60,339 
80,725 
36.249 

32.956 
13,454 
2.779 
"760 

29 

110,547 

40,184 
407,939 
430.603 


18,171,151 

•710 
48.114 
355,157 
1,015,703 
1,956,770 
2,451.738 

1,997,313 
1,761,770 
1,832,514 
1,155,105 
1,786,403 
1,001,809 

1,192,684 
916,018 
380,876 
190.353 
66.344 
61.269 

17,4«<,0(S 

•14,031 
129,110 
765,657 
1,863,807 
2,447.194 

1,980,699 
1,754,794 
1,627,748 
i:i51,302 
1,782,986 
984,814 

1,187,913 
907,563 
373,727 

••255.471 

61.269 
683,066 

147,557 
3,228,898 
5,226,938 
3,971,501 
5,596.256 


5,040,537 

201,381 
415,969 
651.481 
706.019 

564,049 
466.942 
444.623 
286.248 
424.413 
202.834 

257.657 
200.943 
84,295 
50,184 
14,681 
12.216 

4,592,512 

•7.570 
64.250 
264.732 
588.906 
702.943 

547.827 
461.599 
440.817 
285.541 
421.879 
199.401 

257.490 
191,154 
81.925 
••64.262 

12.21"; 

448,025 

1,11?^' 
1,467,551 
1,000.330 
1,247,223 


2,533,268 

•5,276 
22,056 
116,338 
275,825 
400,306 
439,090 

311,462 
239,299 
235,730 
119.905 
169.826 
84.514 

76.427 
29.328 

70 
2JO0,987 

•3.145 
34,906 
192.891 
365.507 
437,755 

308,819 
238,396 
234,699 
119,606 
169,376 
83,099 

76.084 
28.922 
5.975 
••1,740 

70 

232,281 

62,315 
757,485 
864.438 
481.047 
367.983 


1,231,241 

•7.246 
54.722 
131.930 

223:303 

152.651 
116.856 
107.611 

eo:362 

36.880 

13!455 

100 
29 

1,167,626 

•4,179 
23,863 
106,861 
206.432 

1^31 
107,611 

80;725 
36,249 

13!454 
2,755 
••748 

29 

63,415 

23,072 
379,420 
429,532 
231,427 
167,790 


10,674,925 

911,337 
1.306,636 

1,125,429 
1,055,529 
1,152,233 

748,952 
1,192,272 

714,461 

859.239 
687.565 
291.237 
139.634 
51,942 
48,983 

10,596344 

•3.343 
29.954 
308.034 
909.394 
1.306,503 

1,124,054 
1,054,799 
1,152,233 

746.155 
1,191,731 

702,314 

854,978 
687,486 
286.553 
••190,330 

48,983 

78,080 

14.984 
1.285.828 
2.898.584 
2.490.196 
3.985.333 


1,167,624 

•4,179 
23.863 
106.661 
206.432 
222,903 

152,423 
116,365 
107,611 
60,339 
80,725 
36,249 

32,766 

13,377 

2,754 

649 

99 

29 

1,167,624 

•4,179 
23,863 
106,861 
206,432 
222,903 

152.423 
116,365 
107,611 
60,339 
80.725 
36.249 

32.766 
13.377 
2.754 
"748 

29 

•7.219 
334.116 
428.413 
231,228 
166,648 


2,168,050 

•330 

2,198 

33,174 

123,038 

191,179 

178,021 
178.785 
205.068 
139.578 
235.736 
153.992 

243! 155 
128.342 
73.136 
29.406 
30.388 

2,166,050 

2.198 
33,174 
123,038 
191,179 

178.021 
178,785 
205.068 
139,578 

153:992 

222,525 

243,155 

128,342 

"102,542 

30,388 

•465 
158,274 
447,451 
445,180 
1,116.679 


1,167,938 

•4,182 
23,863 
106,861 
206.432 
222,910 

152,423 
116,365 
107,611 
60,339 
80,725 
36,249 

32,956 

13,454 

2,779 

661 

99 

29 

1.167,936 

•4,182 
23,863 
106,861 
206,432 
222,910 

152,423 
116,365 
107,611 
60,339 
80,725 
36,249 

32,956 
13,454 
2,779 
••760 

29 

•7,222 
334,116 
428,420 
231.228 
166,952 


2,168,992 






$2 000 under M 000 


•440 




2,198 




33,174 












178,028 










$18 000 under $20 000 


139,578 


$20,000 under $25,000 


235,742 


$30,000 under $50,000 


225,301 




131,336 




76:442 


$500,000 under $1,000,000 

$1 OOOOOO or more 


31,789 




2,16«,M2 








•440 




2,198 




33,174 






$10 000 under $12000 ... . 


191,209 




178,028 




178,785 






$16 000 under $20000 


139,578 




235,742 










$50 000 under $100000 










"108,231 










nontuable retumt 




All returns, summary 






158,274 




447,488 




445,180 




1.137,473 







Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.2— Returns With Itemized Deductions: Adjusted Gross Income, Total Deductions, Exemptions, and Tax Items by Size of 
Adjusted Gross Income and by Selected Marital Status— Continued 



All figufes are estmales based on samples-money amounls ate in Ihousands ol dollars] 






















Returns ol single p< 


TOWS not head 


Ol households 


or surwing spouses 






Sizf! o( adiusled gross income 


Number ol 
returns 


Adiusted 
gross 


Total 


Exemptions 
(Ariwunl) 


Taxable 


income 


Income tax alter ctedrts 


Total in( 


»metax 




returns 


Amount 


Number ol 


Amount 


Number ol 


Amount 




(41) 


(421 


(431 


(44) 


(45) 


(46) 


(47) 


(48) 


(49) 


(50) 




2,»27,859 

47.968 
125.351 
240,135 
271,913 
339,923 
323,593 

268,811 
237,279 
206,718 
180,693 
244,314 
128,148 

142,944 

53,958 

13,008 

3,389 

506 

208 

2,567.731 

•15,621 
48.388 
155,135 
247,251 
320,648 
314,515 

266,674 
235,865 
204,343 
178,875 
242,986 
126,513 

139,924 
53,918 
12,980 

••3,887 

208 
2«,128 

285,430 
739,860 
719,284 
496,810 
586,475 


45,357,630 

60,230 
410,155 
1,205,805 
1,915,030 
3,067,670 
3,533,676 

3,482,384 
3,543,285 
3,502,625 
3,414,412 
5,396,227 
3,478,138 

5,292,836 
3,603,563 
1,701,311 
960,868 
344,488 
444,926 

43.912,000 

•20,631 
156,054 
795,347 
1,740,767 
2,895,338 
3,437,699 

3,455,030 
3,522,082 
3,478,410 
3,378,874 

5,187,561 

3,600.879 

1,697.883 

. ••1,302.294 

444.926 

1,445,630 

971,249 
5,687,641 
8,851,994 
8,624,389 
21,222.357 


12,654,344 

56,074 
316,246 
827,655 
881,089 
1,155,656 
1,044,950 

965,677 
923,435 
894,629 
809,181 
1,164,392 
762,963 

1.113.994 
852.286 
404.578 
246.491 
95.415 
119.631 

11,001,681 

•2.567 
64.298 
383.299 
673.837 
962.734 
917.922 

926.536 
899.592 
867.539 
771.195 
1.157.432 
745.379 

949,417 
820,582 
401,341 
••338,381 

119,631 

728,359 
2,508,362 
2,488,768 
2,149,104 
4,779,751 


2,932,496 

37,835 

277^744 
279.653 
339.101 
315.986 

230.438 
218.678 
184.018 
259.924 
142.442 

68!802 

17.185 

4.646 

665 

286 

2.608,178 

•11.716 
42.666 
162.725 
247.874 

303!461 

254.513 
228.542 
216.442 
181.850 
257:953 
141.019 

158.404 
68:760 

••5:302 

286 

324,318 

295.467 
772.451 
697,003 
509,696 
657.880 


2,619.833 

22,964 
65,039 
165,785 
256,615 
325,724 
315.979 

267.138 
235.878 
204,608 
179,308 
242,922 
128,023 

139,974 

53,871 

12,927 

3,371 

499 

208 

2,547,345 

•15,496 
48,387 
155,107 
247,251 
320,632 
314,514 

266,671 
235,864 
204,342 
178,875 
242.915 
126.513 

139.910 
53.871 
12.921 

••3.868 

208 
52,488 

154.451 
680.676 
709.705 
493.206 
581.795 


30.382.091 

54: 132 
253,575 
831,230 
1,631,802 
2,218,540 

2,275,279 
2,394,036 

2:429:870 
3,953,055 
2,575,191 

4,080,416 
2,712,967 
1,281,395 
711.826 
249.106 
325.010 

30.310,909 

•8.213 
49.126 
249.797 
819.057 
1.623.147 
2.216.723 

2.273.982 
2.393.949 
2.394.652 
2.425,828 
3,952,932 
2,543,741 

4.080,173 
2,712,967 
1.281,135 
••960,476 

326,010 

71.182 

141,529 
2,638,670 
5,728,276 
5,984,652 
15.888,964 


2,566,859 

•15,496 
48,387 

247:251 
320,632 
314,513 

266,671 
235,864 
204,342 
178,868 
242,716 
126,484 

139,875 

53,752 

12:834 

3,360 

499 

208 

1,$«6,859 

•15,496 
48,387 
155,107 
247,251 

314:513 

266,671 
235.864 
204,342 
178,868 
242,716 
126,484 

139,875 
53,752 
12,834 

••3,859 

208 

123,661 
663,212 
707,759 
492,499 
579,728 


7,856,626 

•616 
5,460 
31,984 
119,312 
257,827 
379,452 

413,928 
460.296 
484.321 
518.994 
907.919 
628.926 

1,209.988 
1,045.311 
618.571 
404.907 
155.222 
213.591 

7,856,626 

•616 
5.460 

119:312 
257.627 
379.452 

413.928 
460.296 
484.321 
518,994 
907,919 
628,926 

1,209,988 
1,045,311 
618,671 
••560,129 

213,591 

15,287 
399,911 
1,026,822 
1,230,170 
5.184,436 


2,567,731 

•15.621 
48.388 
155:135 
247.251 
320.648 
314.515 

266.674 
235.865 
204.343 
178.875 
242.986 
126.513 

139.924 

53.918 

12.980 

3.382 

505 

208 

2,567,731 

•15.621 

247.251 
320.648 
314.515 

266,674 
235,865 
204,343 
178,875 
242:986 
126,513 

139,924 
53:918 
12,980 

"3,687 

208 
707:764 


7,»63,657 

•684 


Under $2 000 










$6 000 under $8 000 


119.312 


$8,000 under $10,000 


258.299 






$14 000 under $16 000 


460.414 




485 214 










$25 000 under $30 000 


629.210 










$100 000 under $200000 


641.176 


$200 000 under $500 000 


420.261 




164 665 








7,963,657 












32.344 




119.312 












413.937 




460 414 










$20 000 under $25 000 


908.641 




629.210 


$30 000 under $50 000 


1.227.922 


$50,000 under $100,000 

$100,000 under $200,000 


1.068.197 
641.176 








228.028 






All returns, summary: 


15.908 












1.231.181 




5:^:300 







'Estimate Should b 



NOTE Detail may not add t< 



s on whtch they were based and (b) combined frequencies o 



Individual Returns/1976 • Deductions and Exemptions 



65 



Sof - 



ll 



II 



li 



«1 



§ g si gg 5S Ss IS siisS SS §s sss 
s' g ss "'s k5 S=^ i? ^°SkS si §- £-: 



i is sS 5s tS SE SsSsS sft Ss iJ.^.iSi 
g ss" ~a ss 2'- II stgtfe gs s- s-^gsS; 



is ^i ^s ^a li 53 §?§§« Is 1= s=§'fl 
s s 3""' ?■?■■ as .-•• s- -'.'as 5 ~- " s " s 



i ~. Si si Si s? Sk spiiS |s S= i=§'8s 



5 i sS Ss s~ §s si sssKs §s ss Se.ssal 

^" H" gS SS gS as S3 sss§g St ~ «-K|Sg 



i § ?i is St gi 5§ ggSsI s.s i§ iiJ.SI-. 
ff s" sa" '"'■" 2= ■""■"■ ss "-Kis 53 " -"ft--S 



s 2 §s s= ss 5S 5§ 5is»§ SI s= 1= mm 

g s; SS ~S S5 "■"■ S-- '•"SgS S5 " S S?>2^ 



S c si ?s li ^s si =stS» Sg i= i= iSSJ 



S S §2 is §5 S§ ts issSi as ss sIsSss 

s i is" Is §1 1^: 1$ ssits; ge; |s gssssg 



= Ss li Ss ii S= §siSg "§ is iiMs.^. 
S si x3 IS s§ S5 aStSi iS s~ s'S-il 



K S Ss 5S is Ss Bs sSsii ks 5k l^lssi 
§■ 3 §U ii it ^M. 0. 2'i||| s|. ffi^ |2Ss|| 

^- g ^^- oc. £^ CO- ;_ 2S2 •"" - ~ _ -- 



is Ss Is 5i Si s2 iSsil §1 IS P.iSsS. 

S" S' a M S^ SS P. SsSM SS S~ SSSK|S 



I ! 



5 s ^g. 



i ! Ill iifiiiiiliiliiiii iijipii Jt 
1 1 jii|ii|ii|iipi|ii|ii|ii|iipi|iii 



III 

111 

ill 

ii| 
ill 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.4— Returns With Itemized Deductions: Itemized Deductions as 
Gross Income 



Percent of Adjusted Gross Income by Size of Adjusted 





thousand 


sof d 


ollarsi 































Itemized deductons 


Itemized deductions as a percent ol adjusled gross income 


See ol adjusted gross income 


Number of 
returns 


Amount 


Under 10 percenl 


10 under 15 percent 


15 under 20 percenl 


20 under 


5 percenl 


returns 


Amount 


Number ol 


Amount 


Number ol 
returns 


Amount 


Number ol 


Amount 




(1) 


(2) 


(31 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


ToUl 


25,951,389 

600.246 
2,918,444 
5140,313 
5,674,166 
4,420,413 
2,895,179 

3186,819 
894,129 
180,447 
35,878 


133,890,976 

1,769.053 
9.806.332 
18.437.324 
24.733,569 
21,657.192 
15,950,042 

22,649.153 
11,118.395 
4,341.788 
2,068.339 
648.111 
711.677 


570,188 

49,624 
•7,101 
22,205 
7,166 
8,164 
14,793 

222.896 
171.394 
53,326 
11.802 
1.285 
432 


2,441,692 

_4,621 

i6:eoe 

9,901 
10,596 

759,188 
863,019 
468,225 
192,663 
42,807 
38,526 


2,640,168 

•3.793 
•7.172 
38.233 

oiaissi 

742,767 

223!551 

40,030 

6,509 

531 

155 


11,640,786 

•6!l65 

64,283 

263,815 

1.931,651 

2.630,720 

3,952,997 
1,844,228 
644.746 
221.441 
43.814 
35,181 


6,326.207 

•5477 
50,370 
939,655 
1,704,610 
1,542.151 
919.909 

933.694 

194.429 

30.637 

4,697 

455 

123 


27,178.992 

•1.413 
85.079 
2,229,359 
5,339,893 
5991,858 
4,369.112 

5.971,195 
2.185,630 
684,559 
223,150 
51.811 
45.932 


5,850,170 

•270 
233.855 

i:i2i:723 
648.552 

573.354 

128,626 

20,041 

3,305 

313 

93 


27,987,840 












4.061.764 




6.605.417 




5.586,931 








4,591,909 




1,869,763 








206,520 


$500,000 under $1,000,000 

$1,000,000 or more 


45,658 
45,001 




Itemized deductions as a percent ol adjusted gross income-Continued 


Size ot adjusled gross income 


25 under 30 percent 


30 under 


40 percenl 


40 under 50 percenl 


50 under 60 percent 


60 under 70 percenl 


Number of 
returns 


Amount 


Number ol 
returns 


Amount 


Number of 
returns 


Amount 


Number ol 




Number of 
returns 


Amount 




(It) 


(121 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 




3,M7,539 

•2,760 
414,013 
1.051,867 
1.043,958 
583,503 
312,187 

312.360 
72.093 
12.163 

214 
61 


20,453,030 

•1.268 
987.609 
3,637.968 
4,930.534 
3,518,563 
2,303,251 

3.094,135 
1.296,541 
427,660 
179,357 
38,864 
37.281 


3,589,548 

15,756 
855,067 
1,057.015 
786.332 
408.853 
198.641 

192.411 

60,480 

11,571 

2,845 

429 

146 


21,054,096 

24,079 
2,383,935 
4,477,356 
4,625,158 
3,030.560 
1.832.028 

2,341,918 
1.357,729 
512,691 
272,925 
99,170 
96,547 


1,435,046 

70,924 
586,658 
359.772 
208.907 
89.445 
34.006 

57,795 
20,241 
5,319 
1,625 
243 


9,132,249 

138,965 
1.985971 
1.936,975 
1,573,317 
875,444 
412.265 

927,687 
597,259 
317,895 
205,788 
74,208 
86,475 


674,552 

79.072 
321.925 

57:648 
21,542 
11,560 

23,830 
9.721 
3.212 
1.117 
216 
101 


4,770,295 

170,085 

'946:390 
535,495 
261,503 
169138 

359:206 

ieo:56i 

80,506 
115,399 


388,861 

89,089 
181,572 
53,188 
32,603 
12.641 
4.004 

7.165 

1:555 
693 

55 


2,949,712 




233,213 


$5,000 under $10,000 
$10,000 under $15,000 
$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 


407.853 
365,573 
178,444 
71.308 

175.832 




274.482 




138.682 






$500;000 under $1,000,000 

$1,000,000 or more 


78:752 






Itemized deductions as a percenl of adjusled gross income-Continued 


Size o( adjusled gross income 


70 uniJer 80 


percent 


80 under 90 percenl 


90 under 100 percenl 




too percenl 


jr more 


Number ol 


Amount 


Number ol 
returns 


Amount 


Number ol 
returns 


Amount 


returns 


Amount 






(211 


(221 


(231 


(24) 


(25) 


(26) 


(27) 


(28) 




213,735 

58.411 
101.571 
26.076 
12,066 
3,953 
4,344 

2.551 
3.217 
1.066 
392 
66 
22 


1,734,889 

167.999 
524.839 
237.327 
155.970 
67,345 
86,356 

70,718 
153,174 
106.372 
90.644 
33.116 
41.029 


116,68 

46,83 
47,05 
7.32 
5.31 
6.08' 
70( 

B0< 
1,80 
51 
16 
3 


972,416 

146,504 

73!289 
76,924 
115,143 
16,374 

28,450 
98,597 
58,527 
43,182 
20,262 
21,305 


84,653 

33.908 
34.552 
6,041 

2:269 
•1,712 

198 
20 


895,489 

115,901 
221,142 
65,331 
16,797 
44,754 
•41,073 

95,878 
96,851 
64.210 
53.462 
27.084 
53.005 


254,043 

144,325 
77,530 
16,123 
8,578 
1,234 
2.004 

2.490 
1.026 
538 
154 
33 
8 




2,679,490 




763.142 








282,621 
















158,278 














$500,000 under $1,000,000 


17.244 














1 









NOTE; Detail may not a 



3 total because ol rounding 



Individual Returns/ 1976 • Deductions and Exemptions 



67 



Table 2.5— Returns With Medical and Dental Expenses Deduction: Medical and Dental Expenses Deducted as a Percent of 
Adjusted Gross Income by Size of Adjusted Gross Income 

I (igufes are esljmales based on samples— money amounts are m thousands of dollars] 





Deduction lor medical 
and dental expenses 


Deduction lor medical and dental expensf 
a percent ol adjusted gross income 


sas 




Size ol adiusled gross income 


Number ol 


Amount 


Under 1 percent 


1 under 2 percent 


2 under 3 percent 




Number ol 


Amount 


Number ol 


Amount 


Number ol 
retums 


Amount 




(1) 


|2| 


(3) 


(4) 


(6) 


(6) 


(!) 


(8) 


Total 


19,062.751 

464.799 

2,491.733 

4,029,837 

4,104,654 

3.089.644 

1.988.210 

2,207,134 

566,503 

97,889 

19,451 

2,204 

693 


12,159,556 

502.164 

2.546.014 

2.629.610 

2.404.227 

1.506,721 

885,074 

1.151,306 

401.995 

95.202 

32,620 

3,712 

911 


7,874,395 

10,894 
198,404 
768,049 
1.731.452 
1.691.539 
1.288.713 

'480!772 

89,962 

18.076 

2.099 

675 


862,757 

205 

5?::^ 

174:942 

183.424 

152.470 

205,722 

69.368 

13.036 

2.620 

310 

139 


2.421,897 

18.807 

751 !97' 

538.695 

420,351 

217,421 

204,061 

27.394 

1.993 

287 

21 

10 


665,579 

1.138 

30,563 

128,932 

141.167 

137.607 

88.420 

106.980 

25.439 

3.644 

1.245 

225 

218 


1.667,169 

19.262 
168.570 
383,504 
457,555 

?JI:^5 

142.963 
17.225 
1.18f 

"!' 


792,884 

2.093 
32.204 
122.514 
197 567 
175:320 
105.336 
126.794 

911 
"306 


Under $5,000 

$5,000 under $10,000 

$10000 under $15000 


$15 000 under $20000 






$30,000 under $50000 

$50,000 under $100,000 

$100000 under $200000 






$1 000 000 or more 








Deduction lor medical and dental expenses as a percent ol 
adjusted gross income-Continued 


Size ol adiusled gross income 


3 under 4 percent 


4 under 5 percent 


5 under 6 percent 


6 under 7 percent 




Number ol 
returns 


Amount 


TtS^°' 


Arrxxinl 


Number ol 
retums 


Amount 


Number ol 


Amount 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


Total 


1.2S9,M1 

16.483 
136,149 

31l!235 

200.372 

116.528 

105,807 

9.292 

616 

172 

4 


811,908 

2.338 

38.358 

160.121 

187,911 

155,912 

110,720 

131.388 

20.208 

2.889 

1.622 

280 

163 


969,263 

12.533 
146.183 
312.486 
250.726 
129,410 
65,629 
45,962 
5,582 
626 

12 


730,689 

2.167 

54.656 

177.856 

194.157 

128.363 

80.079 

71,552 

16,424 

3,655 

1,426 

355 


734,734 

10.906 
105.742 
264.601 
173.887 

30.277 

4,128 

634 

70 


662.048 

2.600 
45.834 
183,200 
163,902 
121.141 
66.448 
58.857 
14.037 
4.520 
1.072 
"436 


592,299 

4.888 
130.532 
222.920 
122,338 
55.441 
28.760 
23.401 
3,520 
410 

12 


592.788 

1.325 
69.843 






$10000 under $15000 




137.163 






50.989 
55,235 




$50 000 under $100 000 




3.351 
477 


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




Deduction lor medical and denial expenses as a percent ol 
adjusted gross income-Continued 


Size ol adjusted gross income 


7 under 6 percent 


6 under 9 percent 


9 under 10 percent 


10 under 


5 percent 




Number ol 
returns 


Amount 


Number ol 
retums 


Amount 


Number ol 
retums 


Amount 


Number ol 


Amount 




(17| 


(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


Total 


500,838 

8.051 

99,142 

175.403 

125.941 

49,265 

23,630 

15,994 

3,039 

297 

69 

"7 


578,425 

2,109 
59,323 
165,193 
160,207 
80.851 
48.251 
42.663 
15,188 
2.783 
1.474 
••383 


412,810 

19,518 

115,370 

151,946 

79.813 

23.368 

10.882 

9.091 

2.577 

192 

40 

13 


475,865 

6,100 

78,696 

157,931 

115.899 

44.016 

25.797 

29.058 

14,715 

2122 

815 

715 


320,173 

6.720 
101.722 
110.070 

5.475 
3,098 
2,035 
194 

"51 


411,926 

2.753 
75,469 

128,205 
94.450 
69.420 
14.046 
11.302 
12.173 
2.384 

••1.724 


936,842 

42.337 
350.563 
306,426 

40!669 

18,085 

13,732 

4.993 

671 

184 

3 


1,403,491 

21.891 
325.580 
446.884 


55000 under $10 000 








110.893 
56:955 
60.262 
39,848 
10,775 
6,493 
197 


$25 000 under $30 000 


$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 




Deduction lor medical and dental expenses as a percent ol 
adjusted gross income-Continued 


Size ol adjusted gross income 


15 under 20 percent 


ai under 30 percent 


30 under 50 percent 


50 pcrcen 


or more 




Number ol 


Amount 


Number ol 


Amount 


Number o( 


Amount 


Number ol 


Amount 




(25) 


(26) 


(27) 


(28) 


(29) 


(30) 


(31) 


(32) 


Total 


463.124 

55,166 
228,451 
109.688 
47.880 
8.674 
3.744 
7.706 

'346 
52 
••3 


836,342 

36,731 

310,403 

225,758 

137,843 

32.716 

17.289 

47.851 

16.060 

8.601 

2.723 

••366 


435,351 

101.832 

228,932 

62,045 

23,592 

9,139 

1,561 

6,727 

1,280 

155 

88 


919,495 

100,966 

175.366 
92.646 
51.173 
10.654 
60.916 
19.360 
4.539 
5.577 


276,257 

65.002 
156.395 
27.606 
14.605 
5.405 
•1.858 
2.658 
2.140 
555 


914,992 

95,425 
412,234 
122,353 

98,343 

46.194 
•21.500 

37.842 

25:i24 
•2.851 


197,768 

72.400 
84.695 

•5.702 
•2.021 
•1.897 
1.112 
"53 


1,500,367 

224.324 


Under $5,000 




205.366 
184 315 














•104,886 
45.839 
"4704 






$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or mote 





and (b) combined fi 



68 Individual Returns/1976 • Deductions and Exemptions 

Table 2.6— Returns With Taxes Paid Deduction: Taxes Deducted as a Percent of Adjusted Gross Income by Size of Adjusted | 
Gross Income t 

[All figures are estimates based on samples-money amounts are in ttiousands o( dollars| 




Taxes paid deduction 


Taxes paid deduction as a percent ol adjusted gross income | 


Size ol adiusled gross income 


Number ol 
returns 


Amount 


Under 1 percent 


1 under 2 percent 


2 under 3 percent | 


Number ol 
returns 


Amount 


Number ol 
returns 


Amount 


Number ol 
returns 


Amount 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


Total 

Under $5,000 


567,732 
2.890,984 
5.130555 
5.664.435 
4.416,955 
2.892.178 

3.183.865 

892.551 

180.194 

35.813 

4.004 

1.342 


49,610,062 

455.754 
2.590.163 
5.802.078 
8.515.018 
8.256.549 
6.540.905 

9.709.404 
4.805.919 
1.795.656 
752.072 
203.055 


63,564 

•9.233 

iS 

•3.346 
■2.755 
•3.971 

4.832 
9.824 
5.601 
2.781 
559 
288 


23,086 

•82 
353 

•337 
•126 

•1.110 

1.253 
4.423 
5.269 
4.888 
1.817 
2.490 


260,740 

13.631 
44.639 
38.795 
34.297 
24.268 
18.825 

37.690 
30.300 
14.482 
3.326 
381 
106 


145,735 

629 
5.505 
7,876 
9,560 
7,984 
7,940 

22,960 

29:442 
14,058 
3.786 
2.881 


702,088 

18.049 
100.465 
116.586 
120177 

105,484 

57,519 

13,885 

3,107 

364 

110 


500,844 

1.570 
19.859 
37.265 
54,536 
54,338 
53.038 

103.986 

21,962 
5,945 
4,941 


$10 000 under $15 000 . . . 








$30 000 under $50 000 










$1,000,000 or more 




Taxes paid deduction as a percent of adjusted gross income-Continued | 


Size ol adjusted gross income 


3 under 4 percent 


4 under 5 percent 


5 under 6 percent 


6 under 7 percent | 


Number ol 


Amount 


returns 


Amount 


Number ol 
returns 


Amount 


returns 


Amount 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 




1,240,548 

36.354 
148.346 

255>00 
203.101 
129.056 

168.489 

61.2% 

16.738 

3.538 

327 

92 


1.076,448 

4.114 
42.946 
97.212 
158.237 
162.852 
124.100 

218.688 
143.190 
77.349 
34.487 
7.634 
5.639 


1,782,705 

13.894 
177.646 
414.756 
400.918 
271.767 
194,055 

208,857 
79,408 
17,983 
3,074 

79 


1,874,912 

2.023 
65.682 
237.071 
318.132 
273.492 
237.476 

344.118 
239.198 
105.924 
37.671 
7.926 
6.198 


2,343,713 

22.394 
207.807 
484.042 
533.431 
411.636 
262,471 

307,498 

94,170 

17,248 

2,721 

227 

68 


3,006,398 

4.564 
92.125 
342.487 
512.009 
507.633 
393.679 

632.860 
342.281 
122.807 
40.917 
8.229 
6.807 


2,914,421 

219:482 
610,462 
635.839 
595.961 
374.355 

345.333 
92.665 

2:340 
219 
69 


4,275,345 

5,189 
115,649 
503,133 
722,803 
869,202 
663.093 

821.731 
390.985 
125.580 
41.570 
9.234 
7.176 


















$100,000 under $200,000 


$500,000 under $1,000,000 

$1,000,000 or more 




Taxes paid deduction as a percent ol adjusted gross income— Continued | 


Size ol adjusted gross income 


7 under 8 percent 


8 under 9 percent 


9 under 10 percent 


10 under 15 percent | 


Number of 
returns 


Amount 


Number of 


Amount 


Number ol 
returns 


Amount 


Number of 
returns 


Amount 




(17) 


(16) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 




3,081,094 

11.062 
249.913 
578.112 
730.531 
583.310 
414.193 

412.650 

190 
40 


5,228,359 

3.186 
154.322 
550.376 
957.423 
977.830 
848.156 

1.138.722 

418.278 

127.578 

36.217 

9.393 

6.879 


2,918,740 

20.254 
178.976 
552.458 
698.471 
607.447 
376.831 

402.404 

70.392 

9.627 

1.674 

149 

55 


5,566,506 

6.577 
121.219 
594.225 

870.341 

1.232.837 
385:853 
106.584 

8:223 
10.086 


2,391,183 

16,586 
176,502 
420,716 
598,965 
465,169 
298,358 

347,262 
57.467 
8:520 
1.455 

51 


5,126,324 

5.836 
136.568 
510.239 

984: 168 
767.710 

1.212.949 
353.022 
103.277 
38.751 
8.557 
11.816 


5.913,075 

74.529 
687.113 
1.262.688 
1.344.268 
997.075 
641.453 

694.733 

175.701 

29.065 

5.649 

594 


15,196,682 




38.341 
667.808 

2:777:390 
2.607.599 
2.054.255 

2.995.162 
1.402.425 
457.384 
193.386 

48:065 




















$500,000 under $1,000,000 






Taxes paid deduction as a percent ol adjusted gross income-Continued j 


Size ol adjusted gross income 


15 under 20 percent 


20 under 30 percent 


30 under 50 percent 


50 percent or more J 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


Number of 


Amount 


Number of 


Amount 




(25) 


(261 


(27) 


(28) 


(29) 


(30) 


(31) 


(32) 




1,399,640 

68.475 
349.969 
305.295 
252.670 
130.614 

88.103 

126.458 

61.121 

13.432 

3.- 

107 


4,771,487 

48.097 
452.839 
644.174 
732.461 
484.122 
406.992 

785.413 
690.684 
303.778 
146.055 
41.285 
35.587 


546,413 

106.650 
222.759 

46!896 
25.890 
14.662 

18.901 
13,619 
4,375 
1.090 
189 
63 


1,776.621 

96.151 
373.784 
256.358 
183.214 
136.252 

85.988 

155.210 
220.249 
136.962 
72.075 
30.377 
30.003 


186,497 

52.943 
96.587 
16532 
8.341 
4.688 
1.782 

2.790 
1.982 
654 
158 
••40 


593,699 

64.912 
224.027 

47:498 
34.698 
16.363 

34.856 
46.224 
30.517 

••1i:635 


116.187 

81.115 
24.392 
6.995 
886 
258 
737 

484 
957 
255 
93 
••16 


447,615 

174.483 
117.476 
46.399 
9.878 
3.373 
10663 

8.659 
38.060 
17.732 
14,839 
••6,053 
























$ , 























NOTE- Detail may n 



Individual Returns/ 1976 • Deductions and Exemptions 



'able 2.7— Returns With Interest Paid Deduction: Interest Deducted as 
iross Income 

VII figures are estmales based on samples— money amounts are in thousands ol dollars] 



Percent of Adjusted Gross Income by Size of Adjusted 



See ol adjusted gross income 



i percent ol adjusted ( 



Totri 

Under $5,000 

$5,000 under $10,000 
$10,000 under $15,000 
$15,000 under $20,000 
$20,000 under $25,000 
$26,000 under $30,000 

$30,000 under $50,000 
$50,000 under $100.00( 
$100,000 under $200.0( 
$200,000 under $500.0( 
$500,000 under $1,000. 
Sl.000,000 or more 



367,060 


496,150 


2,318,168 


2,795,97C 


4,639,963 


6,410,787 


5,371.648 


9,091.663 






2,684,294 


5,326,644 


2.876,363 


6.865.101 


745,510 


3.007,807 






28,262 





2.586 
140,839 
200,728 



301,135 
114,003 
33,624 



60,076 
80,031 
83,488 



%,284 
214,529 
270,915 
267,338 
218,144 



276,856 
88,949 
23,297 



Interest paid deduction i 



Sae of adjusted gross i 



Totil 

Under $5,000 

$5,000 under $10,000 ... 
$10,000 under $15,000 .. 
$15,000 under $20,000 .. 
$20,000 under $25,000 . . 
(25.000 under $30,000 . . 

530.000 under $50,000 . . 
$50,000 under $100,000 
$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000,00 
$1,000,000 or more 



TotH 

Under $5,000 

$5,000 under $10,000 .... 
$10,000 under $15,000 ... 
$15,000 under $20,000 ... 
$20,000 under $25,000 ... 
$25,000 under $30,000 ... 

$30,000 under $50,000 .... 
$50,000 under $100,000 .. 
$100,000 under $200,000 . 
$200,000 under $500,000 . 
$500,000 under $1,000,000 



$6,000 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 $200,000 . 
S200.000 under $500,000 . 
$500,000 under $1,000,000 



115,412 
221,242 
260,136 
301.312 



161,006 
239.665 
236.298 

337,112 
170,977 
62,080 



348,824 
301,131 
192,402 



536,654 
181,073 
51,576 
15,779 
2.583 



15 under 20 percent 



22.909 
491.156 
1,420.735 
1,837,211 



76,875 
227,286 
290,456 



26,325 
128,253 
231,627 



5 under 6 percent 



16,565 
79,394 
281,360 



I percent of adjusted < 



; rncome— Continued 



59,575 
321,166 
576,713 
502,230 



150,792 
32,335 
3,960 



466,706 
175.683 
42,142 



52,527 
379,124 
388.100 



56,146 
17,967 
3,761 



52,690 
707,034 
1.119,701 



475,731 
287.970 
116.242 



I adjusted gross income— Continued 



2,188,230 

115.191 



194.738 
180.697 
99.046 
59.766 
23.763 



73.769 
258.861 
367.331 
334.823 
202.207 

188.629 
47.357 
6.983 



1.165.304 
1,410,381 
938.479 



NOTE: Detail may not add K 



70 



Individual Returns/1976 • Deductions and Exemptions 



Table 2.8— Returns With Contributions Deduction: Contributions Deduction as a Percent of Adjusted Gross Income by Size of 
Adjusted Gross Income 

[All figures are eslrmales based on samples— money amounts are in thousands of dollafs) 





Contributions deduction 


Contributions deduction as a percent of adjusted gross income 




Number ol 


Amount 


Under 1 percent 


1 under 2 percent 


2 under 3 percent 


Size ol adjusted gross income 


Number of 
returns 


Amount 


Number of 


Amount 


returns 


Amount 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 




24,434,659 

440.546 
2.594,027 
4.736,497 
5.370.903 
4.266.393 
2.826.075 

3.112.502 

871.222 

176,183 

35,050 

3.933 

1.328 


16,792,387 

184,359 
1.098,256 
1,971,077 
2,538,505 
2.310,158 
1,817,700 

2,964,186 
1,788,716 
913,488 
614,092 
245,327 
346,524 


7,389,470 

41.028 
489,147 
1,358,898 
1,790.700 
1,474.957 
927.086 

952.748 
278.827 
60.781 
13.313 
1.508 
477 


902,508 

941 

85:839 
157,751 
167.970 
130,394 

181,427 
95,705 
38.638 
16,083 
3,504 
2,816 


6,313,668 

35.031 
520.397 
1.138.734 
1.414.230 
1.201.917 
841.686 

893,316 

222,301 

39,781 

5,707 

462 

106 


2,176,532 

1.894 
62.923 
215.565 

394:978 
338.328 

479,151 
213,352 
74,302 
22,737 
4,423 
2,820 


3,593,406 

40.174 
341.361 
725.299 
788.134 
608.747 
446.362 

494.354 

123.200 

22.292 

3.179 

235 

69 




Under $5 000 


4,133 










$15 000 under $20 000 


334,024 


$20 000 under $25 000 


329,808 




297 485 






$50000 under $100 000 


198.542 




70.607 






$500,000 under $1,000,000 

$1,000,000 or more 


3.822 
3,217 




Contributions deduction as a percent ol adjusted gross income— Continued 


Site ot adjusted gross income 


3 under 4 percent 


4 under 5 percent 


5 under 6 percent 


6 under 7 percent 


returns 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


Number of 


Amount 




(9) 


(101 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


Total 


2,028,356 

30.696 
282.602 
425.551 
405.603 
323,912 
206.706 

261.949 

75.845 

13,236 

2,075 

132 

49 


1,M1,507 

4,364 
77,316 
184,538 
243,416 
248,363 
192,935 

331,753 
174,197 
58,290 
20.034 
3.001 
3.300 


1,093,148 

145!305 
230,149 
211,425 

119^047 

139,948 

45,546 

7,755 

1,494 

117 

38 


1,079,196 

5.300 
48.459 
127.628 
164.624 
158,071 
144,661 

225,840 
134,988 
44,330 
18,148 
3,429 
3,718 


784,828 

16,408 
133,248 
143,674 
170,641 
104,731 

65,829 

113.210 

29.990 

5.923 

1.041 

108 

25 


•46,289 

3,771 
58,169 

16i:953 
1 27-, 182 
97,477 

227.614 

42:092 
15.423 
3.875 


541,306 

16.466 
90.701 
109,185 
99,015 
84,520 
57,750 

61,163 

17,723 

3.877 

829 

63 

24 


74S,71$ 




4,252 


$5,000 under $10,000 

$10000 under $15000 


44.351 
90.982 


$15,000 under $20,000 

$20,000 under $25,000 


111.715 
121.074 




147.167 


$50,000 under $100,000 


76.433 
31,087 


$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


14.648 
2.735 
2.876 




Contributions deduction as a percent of adjusted gross income-Continued 


Size of adjusted gross income 


7 under 


percent 


8 under 9 percent 


9 under 10 percent 


10 under IS percent 


Number of 
returns 


Amount 


Number ol 


Amount 


Number of 


Amount 


Number ol 


Amount 




(171 


(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 




441,142 

23,764 
78,234 
95,287 

28:055 

48,006 

14,326 

2,827 

656 

77 

23 


664,864 

45;203 
89:i24 
112,303 

57!531 

129,274 
70.386 
27.912 
13.932 
3.856 
3,174 


365,666 

27,719 
44,595 
87,487 
79,728 
61,306 
27.871 

23.697 

10.463 

2.207 

507 

68 

18 


603,900 

9.297 
28.180 
93.215 
118.702 
114.302 
63.723 

72,503 
60,281 
24,588 
12,474 
3,778 
2,858 


304,093 

7.490 
56.260 
68,364 
70.846 
43,511 
21,805 

24.704 
8,420 

'424 
56 
25 


583,663 

3.074 
43:255 
60.488 

92:404 
56.082 

91,067 
53.677 
27.476 
10.915 
3,446 
4,910 


879,342 

47.573 
165,254 
224,484 
180,180 
103,979 

61,941 

64,634 
23.719 
5.869 
1.427 
220 


2.029,569 


Under $5,000 
$5,000 under $10,000 
$10,000 under $15,000 
$15,000 under $20,000 
$20,000 under $25,000 


21.609 
155.798 
332.723 
381.915 
273.308 
201,178 




292,577 




















13.738 








Contnbutions deduction ai a percent ot adjusted gross income-Continued 


Size ot adjusted gross income 


15 under 


20 percent 


20 under 30 percent 


30 under 50 percent 


50 percent or more 


Number ol 


Amount 


Number ol 
returns 


Amount 


Number of 


Amount 


Number ot 
returns 


Amount 




(25) 


(26) 


(27) 


(28) 


(29) 


(30) 


(31) 


(32) 




320,380 

24,372 
106,773 
74,760 
49,764 
22.89c 

17,431 
7,615 
2,318 
950 
126 
45 


951,351 

15,369 
143,071 
159.892 
145.932 
63.915 
63.587 

111,047 
88,092 
55,068 
47,407 
14.209 
23.762 


223,354 

42.574 
93.104 

9.162 
6,242 

6,745 
6,063 
3,097 
1.327 
264 
118 


937,007 

35,701 

11 1^489 
64.221 
47.619 
45.931 

61,771 
97.831 
104,517 
97,713 
46,622 
60.927 


115,028 

^?. 

10,941 
8.632 
4.285 
1.909 

8.546 

1,660 
405 
197 


1,213,686 

42.423 
108.038 
54.339 
56,565 
38,569 
20,362 

129,232 
162.121 
171.895 
182.782 
99.545 
147.814 


41,472 

23.576 
8.875 
3.680 
252 
321 
453 

2,061 
932 
717 
461 
92 
52 


416,123 


Under $5,000 

$5,000 under $10,000 

$10,000 under $15.000 

$15,000 under $20,000 


25,403 

^^ 
2,455 
7,252 


'iwundelwow ;::::;::;:;:;:;;:::;:::;::;;;:::;:;:: 






38,481 








J2'2S 










$1,000,000 or more 





Individual Returns/ 1976 • Deductions and Exemptions 



71 



Table 2.9— Returns Filed by Dependents With Unearned Income: Selected Sources of Income, Deductions, and Tax, by Size of 
Adjusted Gross Income 



Size of adjusted gross income 



ToUl 

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 $10,000 
$10,000 under $50,000 
$50,000 or more 



154.059 
529.745 
872.131 
603,561 
364.146 
593,225 
322.756 
48.277 



296,277 
319,754 
151,892 



107,540 
384,156 
750.460 



234,598 

23,758 

4li393 
•15,814 
•10.757 
•49.256 
61.888 
12.718 



Total 

Undef $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 $10,00( 
$10,000 under $50,0( 



40.681 
86.145 
58,206 
85,257 
35,684 
50,548 
47,394 



10,456 


»1,«32 


15,562 


•-3,491 


2199a 


•16,850 


1M4fl 


•740 


um 


•8,358 


•8.953 








•2,860 





144.591 
39.740 
2.915 



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 $10,000 
$10,000 under $50,00( 



NOTE: Detail may not add t( 



231,811 


359,719 






317,655 


531,803 






69,517 


117,072 


79,406 


133,280 



21,092 
35,154 
•16,523 



145.249 
173.054 
81,454 
89,555 
21,254 



203,«72 
3,579 



60.075 
55.773 
23.951 



72 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.10— All Returns: Exemptions by Type, Number of Exemptions, Sources of Income, by Size of Adjusted Gross Income 

[All figures are estimates based on samples-Hnoney aniounts a/e in thousands of dollafs) 



Size of adjusted gross ii 



Exemptons fof age 65 Of c 



$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 ,,.,. 

$10,000 under $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 $30,000 , . , , 
$30,000 under $50,000 ,,., 
$50,000 under $100,000 . 

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

All returns, summary: 

Under $5,000 

$5,000 under $10,000 ... 
$10,000 under $15,000 . 
$15,000 or more 



546,763 
4,249,194 
5,244,990 
5,031,575 
4,531,521 



3,219,533 
2,915,971 
2,927,598 
2,757,510 
2,730,738 



6,649,622 
3,629,632 
3,639,050 
948,034 



8,411,689 
8,001.456 
8.192.369 

36.340.597 
22.960.294 
12.707.838 



39.266.888 
45.874.852 
41.224.514 
89.407.683 



5.832.847 
5.479.918 
5.555.508 

6.156.296 
5.820.751 
5.578.227 
5.259.446 



20.318.767 
12,681.389 
7,008.581 
7.037.818 
1.817.043 

352.942 
68.340 
7.433 
2.437 



28.246.900 
27.803.590, 
23.865.443 
49.294.750: 



85.352 
255.572 
285.662 



306.734 
262.146 
232.324 



124.156 
308.724 
352.474 



406.793 
346.546 
312.341 
268.586 
246.644 

750.440 
434.886 
278.073 
380.252 



91,196.288 

-603.786 



426.976 
1.331.549 
J.766.548 



2.898.284 
2.704.704 
2.634.781 



5.543.326 
10.150.288 
9.181.548 



!.796.094 
916.364 
1.153,661 



254,818 
263,818 
277,312 
278,999 
270,588 



1.147,273 
401,629 
525,280 



277,492 
285,768 
270,588 

1.129.986 
965,264 
900,231 
1,993,158 
2,571,944 



1,191,286 
425,659 
565,378 



62,330 
850,184 
1,354,515 
1,481,672 



gross 
icome les 
deficit 




•7,391 
5,574 
10,618 



16,236 
17,232 
8,091 



5,770 
4,394 
3,550 
2,236 



46.615 
56.990 
37,249 
34,013 



9,294 
28,272 
•25,345 



226,391 
381,339 
630,850 



16,236 
17,232 
8.707 



•5.194 

•10.234 

10.510 

8.289 



3,603 
3,282 
5,451 
•2,919 

•2,751 
•9,046 
9,627 



115,456 
125,100 
145,354 



5,938,443 
1,367,370 
!,388,966 



512,452 
678,678 
1,122,372 



2,630,7 

2,871,393 

2,942,2 

3,096,929 

2,985,995 

3,182,734 
3,053,706 
3,240,250 
3,082,915 



15,253,908 
9,838,249 
5,416,790 
5,577,972 
1,533,297 



15,734 
35,735 
193,085 



-4,039,517 
215,376 
965.452 
1,856.355 
3,276,9 



7,235,497 
9,372,6 
10,486,204 
12,229,4 
13.873,457 



16,151,594 
18,959.669 
19,451.439 



5,344,0 

1,252,800 

1,245,118 



7,425,203 
53,197,4 
92,027,846 



76,203,437 

26,637 



1.471,542 
1.618,743 
1.916,086 



43,956 
1,946,628 
7,182,973 
67,029,679 



Individual Returns/ 1976 • Deductions and Exemptions 



73 



Table 2.10— All Returns: Exemptions by Type, Number of Exemptions, Sources of Income, by Size of Adjusted Gross Income- 
Continued 

i are in ffwusands of dotlarel 



i activities' 



; o( property 
let gain 
iss loss' 



Totil 

No adjusted gross income 

SI under $1.500 

Jl.OOO under $2,000 .... 
$2,000 under $3,000 .... 
$3,000 under $4,000 .... 
W.OOO 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 $30,000 .. 
$30,000 under $50,000 .. 
$50,000 under $100,000 

$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000,00 
$1,000,000 or more .. 

All returns, summary 

Under $5,000 

15,000 under $10,000 . 
$10,000 under $15,000 
$15,000 o( more 



«4,670,3M 

546,763 
4,249,194 
5,244,990 
5,031,575 
4,531,521 
4,331,708 

4,634,358 
4,265,839 
3,946,419 
3,679,057 
3,367,283 

3,219,533 
2,915,971 
2,927,598 
2,757,510 
2.730,738 

11,197,191 
6,649,622 
3.629,532 



23,935,751 
19.892,956 
14,551,350 
26,290,332 



1.410.875 
5.293.660 
6,987.594 
7.249.204 
7.243.718 
7.783.591 

8,787.039 
8,692,144 
8,520,487 
8,356,375 



35,572,675 
22,519,638 
12,425,371 
12,615,790 
3,350,340 



35,968,642 
42,330,910 
39,605,107 



2,427,174 
7.760,636 
12.572.750 
15,886.379 
19.541,497 



33,765,374 
33,515,802 
36,584,869 
37,202,225 
39,599,285 

194,184,453 
147,891,145 

98,784,280 
132,893,393 

62,415,723 



51,277,317 
145,856,338 
180,687,556 
676074,476 



4,440.038 
3,736,945 
3,604,029 

3,928,583 
3,683,602 
3,374,246 
3,254,311 
3,029,871 



3,375,119 
3,239,475 
754,517 



20,400,485 
17,270,613 
13,407,744 
24,431,893 



1,410,233 
2.291,597 
6,934,607 



20,517.316 
23,019.720 
24,325,549 
26.704,831 
27,647,274 

29,239,843 
29,217,833 
32,228715 



12,230,847 
3.893.076 
628,479 
356,772 



49,741,288 
122,213,689 
159,294,389 
549,749,264 



458,650 
271,479 
404,327 



460.056 
452,153 
443,482 
421,135 



1,107,302 
735,677 

1,159,857 
559,305 



2,459,791 
2,236,676 
2,066,382 



768,388 
1,056,923 
1,113,927 
1,130,964 

1,341,512 
1.360,753 
1,390.852 
1.395.725 



7,116.457 
5.862.350 
5.852.504 
15.319.067 



4,718.185 
1,587,711 
256,172 



a,973,IS5 

172726 



261.016 
300.735 
302.352 



990.353 
782.333 
1,308,596 
582,538 



18,717^41 

421,534 



74,540 
198,907 
184,426 



329,711 
998,843 
1,583,294 



1,934,160 
1,842041 
1,875,912 



1.869,595 
1,803,332 
1,886,366 



141,801,470 

38,931 



1,235,428 
3,023.435 
2.828.750 

1.843.986 
1.372.579 
646.490 
886.299 



1.279.211 
2.766.88' 
2.891.66 



3.943.296 
3.216.347 
2.933.132 



2.642,412 
2,416,945 
2,492,493 

10,113,364 
7,552,162 
6,430,540 

11,722,437 
9,783,724 

5,380,592 
3,317,930 
1,163,418 



17,443,204 
12,960,282 
56,653,907 



3,844 
33,042 
329,523 
676,771 



1,538,656 
2,013,111 
2,460,156 
2721,621 

3,041,361 
3,212428 
3,605,525 



22.434.596 
19.694,973 
14,797,911 
24,009,672 
16,040,366 



9,909,965 
17,959,309 
112,845,584 



Size ol adjusted gross ii 



Exemptions other than age or t 



Sales of properly 
net gain 
less loss' 



Tom 

No adjusted gross income 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

KOOO 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 $30,000 .... 
$30,000 under $50,000 .... 
$50,000 under $100,000 .. 

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

Under $5,000 

$5,000 under $10,000 ... 
$10,000 under $15,000 . 
$15,000 or more 



170,238 
3,670,345 
4,290,569 



2,518,034 
2.097,707 
1,830,186 
1,583,461 
1,285,211 



1,443,936 
440.772 
176,643 
169,381 
56,501 



17,627,000 
9,314,599 
3,926,654 
2,303,887 



11,325 
10,229,749 
9,417,227 



4,797,757 
6288,241 
3,745,364 



3,316444 
3,956,661 
3,459,168 
2565,846 
2,179,394 



969,490 
792,565 
675,223 
597,526 
491,901 

1.301,459 
362,254 
133,138 
102,560 
29,532 



66,681,221 
47,732,699 
52,586,253 



210^81 
1,937,500 
5,729,041 
8,378.096 
8,613.992 



11,510,216 
11,578.746 
11,634.337 
11.688.842 
10.601.043 

9.733.355 
8.756.182 
8.100.241 
7.716.991 
6.782.637 

20.656.165 
7.174.871 
2.980.942 
2.769.385 
1.170.903 

388.768 
123.360 
30.429 
22.508 



34.452.969 
57.013.184 
41.089.406 
35.317.333 



108,744 
80,799 
60,956 
59,795 



46,110 
47:860 
34,516 

134,427 
64,696 
42,324 
61,167 
26,715 



877,563 
424,442 
258,855 
338,039 



215,017 
199,990 
214,304 



240,165 
242,474 
187,143 



165,019 
63,363 
23,471 
13,303 



-323,393 
1,061,345 
918,681 
2,712,755 



50,840 
98,279 
106,647 
151,253 
135,663 



90.535 
163,806 
88,339 



808,817 
1,250,746 
1,373,551 
1,338,254 
1,072,768 



647,625 
585,894 
528,790 



1,158,695 
389,022 
167,211 
165,800 



1,897,862 
1,735,065 
1,767,903 
1,492,918 
1,320,254 



3,137.273 
1,971,597 
1,351,782 
2,284,880 
1,764,933 



25,367,808 

3,623 



1,041,202 
1,212,148 
1,405.331 
1,508,831 
1,472,675 

1,474,567 
1.398.284 
1,322.422 
1.309.070 
1.184.599 

4,067,188 
1,824,686 
971,898 
1,550,042 
1,149,781 

634,929 



574,298 
502,755 
365,076 
578,325 



277,093 
392,689 
495,540 
2,014,063 



Individual Returns/ 1976 • Deductions and Exemptions 



Table 2.10— All Returns: Exemptions by Type, Number of Exemptions, Sources of Income, by Size of Adjusted Gross Income- 
Continued 

[Ail figures are estimates based Ofi samptes-wnoney amounts are in thousands q1 dollars] 



Sae of adjusted gross i 



Numtwr ol exemptions other than age or blindness: Two 



Jt property 



All other income 




535,594 
676.559 
813.872 
893.663 

1.122,702 
1.025.022 
943,134 
927,396 
865,637 

839,884 
798.867 
781.820 



-2.103.386 
186.339 
798.879 
1.707,550 
2.851.675 
4,040.457 

6,152,496 
6,635,661 
7,058,201 
7,888,867 
8,216,026 

8,794,367 
9.176,932 
9.769,580 



35.951,250 
49,375,342 
198,403,215 



219,477,058 

413.270 



4.126,954 
4.567,255 
4,638,31 



46,202,254 
36,449,389 
24,011,152 



7,145,164 
25,443,318 
40,068,057 
146,820,520 



87,201 
136.297 
160.770 
159.297 



161,952 
155,747 
145,036 
170,944 
157,123 



-47,730 
89,949 
139,945 
178,075 

231,951 
206.341 
276.834 
276.112 
328.667 



372.310 
426,452 
303,577 



312.119 
549.788 
517.217 
1,720.501 



65.448 
7.945 
28,363 
24,535 
49,789 



95,676 
115,601 
91,591 



137.446 
161.673 
186.736 
140.010 



224.341 
475,518 
765,030 



2,573,281 
1.759,073 
1.032,580 
1.025,935 
278,786 



3, 126 '23 
2,862,313 
6,745,499 



1,420,791 
1,316,993 
1,313,366 



5,585,019 
4,124,791 
3,621,016 



2.540.803 
1.546.432 
538.384 



Number of exemptions ( 




238.848 
290.827 
385.202 



1.287.676 
2.423.989 
2,394,642 
5,048,674 



304,045 
597,845 
1.011,855 
1.757,794 



37,472.164 
28,704.859 
19387.642 
25,649,879 



3,703,776 
1,523,930 
372,246 



2.661,289 
18.302,820 
29,946,458 
126,976,186 



214,800 
68,654 
297,270 



3,317.381 
3,606,347 
4,636,022 

4,786,370 
4,596,905 
5,929,023 
5,934,915 
6,683,141 

34,878,942 
26,584,163 
17,248,206 
20.978,620 
6,129,483 



1,097,884 
2,282,923 
2,295,669 



57,102 
18,293 
28,977 
45,689 
49,858 
70,275 

62,820 
73.181 
78,095 
62.627 
72.551 



323.967 
226.71 
134.153 
197.322 
86.237 



217.627 
252,575 
187,996 
247,333 



257,674 
38,023 
45,239 



Sales ol property 



1,300,428 

25,573 



27,876 
21,688 
36,902 



29,930 
34,042 
34,027 
46.306 



260,267 
237,491 
170,717 
393,522 
419,402 

295,770 
193,465 
89,940 



250,815 
248,772 
300,264 



654,974 
673.800 
147.937 



25.584 
55.689 
62.580 



72.715 

120.749 

77.621 

7.734 



237.724 
100.857 
126.214 



Individual Returns/ 1976 • Deductions and Exemptions 



75 



Table 2.10— All Returns: Exemptions by Type, Number of Exemptions, Sources of Income, by Size of Adjusted Gross Income- 
Continued 



i estimates based on samples— money a 



Size 0) adjusted gross income 



Number ol exemptions other t 



Sales ol property 



131.850 
155.713 
202.912 
244,266 



359.858 
345.031 
355.267 



1.197,864 
43.621 
202.912 
393.649 
713.624 



2.093.422 
2.707.353 
2.936.275 
3.366.450 

4.224.077 
4.707.735 
5.857.574 



34.158.062 
22.421.395 
32.166.457 



452.383 
463.497 
509.628 



174.023 
28.278 



1.465.636 

1.890.370 

2.465.085 

2.749.0 

3.133.6 

3.942.960 
4.397.718 
5.499.629 
6.067.360 
7.226.317 



35.405 
45.052 
46.456 

66.809 
66.449 
82.679 



5.420 
52.752 
89.399 



236.262 
271.602 
306.342 
376.732 
287.592 

1.495.216 
1.246.337 
1.390.896 
(.012.787 



29.733 
18.664 
20.501 



26.521 
30.824 
33.522 
38.725 



10913 
6.672 
10.315 



149.475 
203.612 
118.715 
468.059 



7,081,662 

43,178 

34^760 
55.302 
72.670 

92.951 



201.813 
216.870 
284.279 



393.181 
291.716 
992.665 
995.142 

570.191 
329.782 
119.952 
102.921 



3.133.575 
5.532.211 
3.274.011 



1.262.073 
12.767.793 
28,897.097 
150.254.317 



1.550.062 
2.200.234 
5.621.E 



238.705 
345.612 
405.107 
1.285.039 



Number ol exemptions other than < 



52.975 
72.259 
78.458 
126.849 

158.738 
173.894 
183.002 
179.730 



217.496 
218.628 
225,340 
229.768 



848.766 
483.836 
485.837 
145.299 



877.154 
1.136.689 
1.369.105 



20.750.861 
18.829.355 
13.201.824 
17.562.8 
9.560.852 

3.501.183 
1.179.5 
251.307 
233.332 



146.545 
162.800 
171.424 
161.793 



156.317 
20.983 
78.473 

174.670 



2.307.0 

2.298.812 

2.540,142 

2.857.6 

3.122.020 



37.947 
39.958 
40.195 



865.548 
665.019 
772.170 
2.095.954 
2.325.957 



3.299 
9.216 
9.291 



10.006 
16.546 
8.141 



187.413 
132.423 
58.788 
117.312 



1,960.221 

-232,893 



263.865 
70.047 
57.054 



1.895.774 
2.138.621 
1.743.072 



453.138 
106.749 
117.289 



135.012 
188.250 
223.574 
759.208 



65.635 

47.774 

97.272 

1.339.307 



318.957 
584.073 
!.563.153 



76 



Individual Returns/ 1976 ■ Deductions and Exemptions 



Table 2.10— All Returns: Exemptions by Type, Number of Exemptions, Sources of Income, by Size of Adjusted Gross Income- 
Continued 



samples— money i 



I thousands of dollacsl 



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

$2,000 under $3,000 .... 

$3,000 under $4,000 .... 

$4,000 under $6,000 .... 

$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 $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 $30,000 .. 
$30,000 under $50,000 . . 
$50,000 under $100,000 

$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000,00 
$1,000,000 or more , , 

Under $5,000 



exemptions other than age or I 



135,107 
248,667 
445,471 

567,940 
730,792 
1,070,584 
1,584,630 



2,354,047 
2,155,041 
2,456,585 



3,063,219 
961,380 
224,157 
233,151 



119,228 
5,436,175 
10,612,630 
62,783,397 



134,791 
170,897 
143,529 



845,790 
591,251 
320,739 



470,365 
72,736 
67,564 



913,543 
4,973,769 
9,946,942 



163,526 
95,733 
72,642 



730,832 
175,054 
29,209 



16,381 
3,251 
3,822 
6,793 



72,269 
62,290 
47,987 
85,556 
62,345 



12,548 
9,957 
16,480 



570,589 
428,788 
282,987 
319,917 



195,815 
72,241 
54,722 




Individual Returns/1976 • Deductions and Exemptions 



77 



Table 2.11 -Exemptions by Type and Marital Status 


































Exemptions by type 


retls 


husbands 
and wives 


Separate returns ol 
husbands and wnres 


Returns 
ol heads 

ol 
households 


Returns ol 
surviving 
spouses 


Returns ol 

not heads ol 
households or 

spoijses 


1 


Total 


X- 


Spouse nol 
filing 


........... 


(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


J Total retuma 


84.670.3«9 


44,43«,912 


1,879,0Sa 


1,779,695 


99,363 


5,313.194 


164,539 


32,874,686 




Retuma «lth exemptions lor- 

Age65orover 

Blindness 

Dependents 


7,975.070 

174.867 

35,357.104 


4,601.962 

122,401 

28.334,391 


88,695 

•158 

679.520 


79,667 

•158 

616,780 


9,028 
62.740 


111.202 

•8.423 

4,934.239 


6,099 
164.539 


3.167,112 

43.885 

1.244.415 


Oihe. man age or blindness total 


84,670,389 


44.438,912 


1.879.058 


1.779.695 


99.363 


5,313,194 


164.539 


32,874.686 


One 

ThrM :::::: 

Four 

Five 

S« or more 


33.172,140 
19,851.427 
11,154,980 
10,717,485 
5,617,592 
4.156,765 


16,104.521 

5!254;924 
3,947,734 


1.162,914 
338,260 
181,462 
116,756 
47.633 
32.033 


1,162.914 
301,637 
169,793 
82,174 
38,967 
24,210 


36.621 
11,669 
34,582 
•8,666 
•7.823 


378,955 
2.630,736 
1.306.852 
609.661 
249.563 
137.427 


72,661 
48.170 
26,954 
4,610 


31,630,271 
705,249 
302,663 
146,214 
60,862 
27.427 


Number of Eiemptlons 
Tow e»emptlona 


215,773,937 


159,366,417 


3,399,228 


3,041,804 


357,424 


14.268,373 


510.418 


38,229,501 


ibemptlona (or- 

Taxpayers (and spouse) 

Dependents 


129.210,683 

10.430.763 

177.671 

75.954.820 


68.877,824 

7.052.150 

126.205 

63,311.238 


1.978.421 

94.200 

•158 

1,326.449 


1,779,695 

79,667 

•156 

1.182,284 


198,726 
14,533 

144,165 


5.315.213 

111.202 

•8.423 

8.833.535 


164.539 
6.099 

339.780 


32.874,686 

3,167,112 

43,885 

2,143,618 




205,165,503 

33,172,140 


152,189,062 


3.304,870 

1.162,914 


2,961,979 

1,162.914 


342.891 


14,148,748 

378.955 


504,319 


35,018,504 

31.630,271 


One 
Two 
Taxpayer (and spouse) 


35.992,571 


32.209.042 


374,683 


301.637 


73.246 


2,630.736 
2,630.736 

1,307,652 
2.612,904 

610.879 
1.827,765 

249.563 
998.252 

137.428 
763,878 


72,661 
72,661 

48,170 
96.340 

26.954 
80.862 

4.610 
18,440 

71477 


705.249 
705.249 

302.663 
605,326 

148,214 
444.642 

60.862 
243.448 

27.427 
145,153 


Tliree 


20.483.282 






169.793 


23,338 




Four 


20.569,185 
22 300 755 


19.631,800 
19 631 800 


151.338 
315686 


82,174 


69,164 




Five 


10.881,182 


10.509,846 


56,299 


38.967 


•17.332 
•25.996 

•15.646 
•37.334 




^T« ™e!r''(and s 


8,112.323 
19,755.346 


7,895.468 
18,598.833 


39,856 
176,005 


24.210 
138,671 






•Estimate should be used with cauton because ol the small number or 


ample returns on wh 


ch It IS based 















i 



ction 3 



Tax Computation 

and 

Tax Rates 



:ents 

oduction, 79 
me subject to tax, 80 
|lar method of tax computation, 
irnative tax computation, 81 
mum tax computation, 82 
ne averaging, 82 
tional tax for tax oreferences 
imum Tax), 82 
lial income averaging, 83 
ature distributions from 
rement plans, 84 
ral tax credit, 84 
;d income credit, 84 
i care credit, 85 
rates, 86 
payment and tax due, 86 

tables 

Ul returns: selected income 
tax items by type of tax 
:omputation, 81 
ietums with tax preferences, 
1975 and 1976: computation of 
additional tax for tax prefer- 
ences by year, 83 
Returns with premature 
iistr ibutions from retirement 
jlans: premature distribu- 
:ions and tax on premature 
iistr ibutions, 84 
Jetums with general tax 
:redit: general tax credit by 
jtype and by size of adjusted 
gross income, 85 
Jetums with child care 
credit: comparison of 1976 
child care credit and 1975 
child care deduction by size 
of adjusted gross income, 86 



Number of returns and total 
income tax, percent distribu- 
tion by size of adjusted 
;gross income, 80 

c tables 
Returns with income subject 
to tax: adjusted gross 
income, deductions, exemp- 
tions, taxable income and tax 
items by size of adjusted 
gross income and by type of 

1 tax computation, 89 
Returns with tax from special 
income averaging: computa- 
tion of tax from special 
income averaging, tax using 
ordinary method, and tax 
savings, by size of adjusted 
gross income, 93 



3.10 

3.11 
3.12 



Returns with maximum tax on 
earned income: adjusted 
gross income, earned net 
income, taxable income, and 
income tax before credits by 
size of taxable income, 95 
Returns with net gain from 
sales of capital assets: 
gains and losses by type, by 
size of adjusted gross income, 
and by selected types of tax 
computation, 96 
All returns: adjusted gross 
income and total income tax 
by size of adjusted gross 
income and total income tax, 98 
Returns with income tax 
before credits: tax and 
credits by size of adjusted 
gross income, 103 
Returns with earned income 
credit: earned income by 
type and credit before and 
after phaseout, by size of 
adjusted gross income, 105 
Returns with tax prefer- 
ences: selected sources of 
income, tax items, tax 
preferences, and computation 
of additional tax for tax 
preferences by size of 
adjusted gross income, 106 
All returns: tax liability 
and taxpayments by size of 
adjusted gross income, 108 
Returns with tax due at time 
of filing: tax due by size, 112 
Returns with tax overpayment: 
tax overpayment by size, 113 
Income subject to tax and 
tax, classified by both the 
marginal rate and each rate 
at which tax was computed, 114 
Returns with income subject 
to tax: tax generated by 
rate and by size of adjusted 
gross income, 119 
Joint returns and returns of 
surviving spouses with income 
subject to tax: tax generated 
by rate and by size of 
adjusted gross income, 123 
Separate returns of husbands 
and wives with income subject 
to tax: tax generated by 
rate and by size of adjusted 
gross income, 126 
Returns of heads of house- 
holds with income subject to 
tax: tax generated by rate 
and by size of adjusted gross 
income, 129 



3.17 Returns of single persons 

with income subject to tax: 
tax generated by rate and by 
size of adjusted gross income 
133 

Introduction 



The taxpayer, in determining 
the 1976 total tax liability, had 
to take account of several factors. 
These included: 

(1) income subject to tax, 
generally, adjusted gross income 
minus personal deductions and 
exemptions , 

(2) the type of tax 
computation used, including the 
use of the special income aver- 
aging tax on any lump-sum distri- 
butions from retirement plans, 

(3') marital status, which 
determined the tax rate schedule 
applicable, 

(4) any tax credits the 
taxpayer was entitled to apply 
against the income tax, 

(5) the additional tax for 
tax preferences (the so-called 
"minimum tax"), and 

(6) other taxes, that is, 
self-employment tax, uncollected 
social security taxes on tip 
income, the tax from recomputing 
prior-year investment credit, the 
tax from recomputing prior-year 
work incentive (WIN) credit, taxes 
from excess contributions to or 
premature withdrawals from indi- 
vidual retirement accounts, tax 
from premature distributions from 
a self-employed retirement plan, 
or any other taxes, all of which 
increased the total tax liability 
(see section 6, Explanation of 
Classifications and Terms, for a 
description of each of these 
taxes) . 

As described below, "income 
subject to tax" in the statistics 
was the actual base used to deter- 
mine income tax before credits. 
Determination of the latter depen- 
ded on the type of tax computation 
used and the taxpayer's marital 
status. From this sum, statutory 
credits, such as the credit for 
the elderly, the foreign tax 
credit, the investment credit, and 
beginning with Tax Year 1976, the 
general tax credit, were subtracted 
to obtain income tax after credits. 



79 



Individual Returns/1976 • Tax Computation and Tax Rates 



For purposes of this report, all 
or part of the "earned income 
credit" (discussed later on in 
this chapter) was also subtracted 
in arriving at income tax after 
credits . 

A return was classified as 
taxable based on "total income 
tax," which was the sum of income 
tax after credits and the addi- 
tional tax for tax preferences. 
Self-employment tax; uncollected 
social security taxes on tip 
income; tax from recomputing 
prior-year investment credit; tax 
from recomputing prior-year work 
incentive (WIN) credit; the taxes 
from excess contributions to, or 
premature withdrawals from, 
individual retirement accounts 
(IRA's); and the tax from 
premature distributions from a 
self-employed retirement plan were 
disregarded since the first two 
were considered social security, 
rather than income, taxes, and 
since the remaining ones were not 
based on the current year's income. 
Any other taxes were also excluded 
since they were unidentified. See 
chart 3A for a distribution of 
number of returns and amount of 
tax by size of adjusted gross 
income. 



Tax liability arose from ten 
different sources, the two com- 
ponents of total income tax as 
explained above, the seven other 
specified taxes, namely, the 
self-employment tax, the tax from 
recomputing prior-year investment 
credit, the tax from recomputing 
prior-year work incentive (WIN) 
credit, the uncollected social 
security tax on tips, the excess 
contributions tax on individual 
retirement accounts, the tax on 
premature distributions from 
individual retirement accounts, 
and the tax on premature distri- 
butions from self-employed retire- 
ment plans. Also included was an 
eighth category, "other taxes," 
which included such items as the 
tax deemed paid by beneficiaries 
of trust "accumulation distribu- 
butions". The self -employment tax 
was assessed on the first $15,300 
of "self -employment income" (up 
from $14,100 for 1975; see also 
"Self-employment Tax" in section 
6, Explanation of Classifications 
and Terms) at the rate of 7.9 
percent in order to finance social 
security benefits. Prior-year 
investment credit was subject to 
recapture when the property on 
which the credit had been taken 



Chart 3A 

Number of returns and amount of total income tax, 

percent distribution by size of adjusted gross income 



Percent of returns 



Percent of total income lax 




$10,000 under 
$15,000 



$1S,000 under 
$20,000 




was disposed of before the expira- 
tion of the useful life originally 
used in the computation of the 
credit. Prior-year work incentive 
credit was subject to recapture if 
the employer, without cause, 
terminated the employment of the 
WIN program employee at any time 
during the employee's first 180 
days of employment. Social 
security taxes on tips, to the 
extent they were not withheld by 
the employer, were reportable on 
an employee's return. Contri- 
butions to an IRA in excess of the 
legal limitation for the year (thai 
lesser of $1,500 or 15 percent of 
the individual's compensation or 
earned income) were subject to a 6 
percent excise tax, while with- 
drawals from an individual 
retirement account (IRA) or a 
self-employed (Keogh) retirement 
plan prior to the taxpayer's 
reaching age 59—1/2 were subject 
to a 10 percent penalty tax. The 
sum of all taxes reduced by any 
applicable earned income credit, 
is shown in the statistics as 
"total tax liability." 

Income Subject to Tax 

"Income subject to tax" for 
most taxpayers consisted of 
adjusted gross income less 
personal deductions and exemp- 
tions; in other words, it was 
equal to their "taxable income." 
The regular method of tax compu- 
tation involved applying a gradu- 
ated set of rates to this amount. 
However, a small number of tax- 
payers found it advantageous to 
use the "alternative tax" method 
of computation when they had 
sufficiently large taxable income 
some of which was from net long- 
term capital gains. The alterna- 
tive tax involved the application 
of a special capital gains rate tc 
the first $25,000 ($12,500 for 
married persons filing separately^ 
of the taxable half of net long- 
term capital gains in excess of 
short-term capital losses, with 
regular rates applied to the 
remaining "taxable income" (a 
combined amount comprising the 
remainder of taxable capital gai 
and income from all other source 
less deductions). Income subject 
to tax on these "alternative tax 
returns" was equal to the larger 
of taxable income or one-half of 
the taxpayer's net long-term 
capital gains in excess of net 
short-term capital losses. 

Under the "maximum tax" compu- 
tation, a method introduced for 
1971, the amount computed for the 
statistics on income subject to 
tax was not affected, i.e., it 
still equalled adjusted gross 
income less personal deductions 
and exemptions. However, a 
portion of this income subject 



Individual Returns/1976 • Tax Computation and Tax Rates 



Table 3A.— All Returns: Selected Income Tax Items by Type ot Tax Computation 

[All figures are e 



to Ia> computation 

Regular lax compul 

ncome averaging tax computation 

Maximum and regular tax cc 

Wemalive lax computation only 

to income subiecl lo lax. but with lax Irom special 
Joth income subject lo tax and lax Irom special 
to income tax before credits, but with addilional tax 
ioth addilional lax lor tax preferences and income ti 



15,932.350 

64,815,142 

3,586,286 

173.246 

58.631 



24.891.847 
871.361.129 
118.174.263 

20.708.816 
8.678.927 

10.221.461 



64,815.142 

3,586.286 

173,246 

58,631 

83,467 



142,287 
231,270 



23.953,776 
7.443,881 
3,363,496 



2.504.638 
12.001.027 



I computation 

( computation only 
jraging tax con 
I and regular lax 

■'" ilive lax compulation 
; tax computation only 

I subject to lax. but with tax Ire 

I subiecl lo tax and lax from special computations' 

lax before credits, but with additional lax for tax preferences 
: for lax preferences and income lax before credits . . . 



64.815,142 

3,586,296 

173.246 

58,631 

83.467 



22.525.726 
7.258.183 
3.269.653 
3.793.026 



772.233 
5.160.390 



6.565 
14.158 
246.735 



466.691 
5,500 
9.379 

129,023 



:ax was taxed, not at the 
luaCed rates within the 
.icable tax rate schedule, 

at a special 50 percent rate. 

maximum tax computation is 
;ussed in more detail below. 

Income subject to tax for 
iims with the standard "income 
raging" method of tax compu- 
Lon required special corapu- 
Lons for the statistics, since 
i method did not, strictly 
iking, involve a direct appli- 
Lon of a set of tax rates to an 
ant of income subject to tax. 
1 the standard income averaging 
nod, tax was applied to (and a 

savings derived from) the end 
alt of a complex set of computa- 
cis which determined an "average" 
the taxpayer's current-year and 

icome 

liject to tax under the income 
'raging method was not the same 
I taxable income (adjusted gross 
•ome minus deductions and exemp- 
ns) and was not available from 
jj tax return, it was computed 
i the statistics in order to 
' t" the returns into the marginal 
;i. rate tables (tables 3.12-3.17). 
■ ; computation used for the 
ii.tistics started with the actual 
•come tax before credits and 
liked back from it to derive a 
Hiothetical income subject to 



tax. In other words, income 
subject to tax was defined as the 
amount of "taxable income" which 
would have produced the same tax 
had the regular tax computation 
method been used (see "Income 
Averaging," discussed in this 
section. ) 

Table 3A provides a summary of 
the types of tax computation used 
by taxpayers. Of the $670.7 
billion of income subject to tax 
reported for 1976, all but $118.0 
billion was reported on returns 
for which the regular method of 
tax computation was the sole 
method used. 

The ordinary income portion 
of lump-sum distributions from 
qualified retirement plans which 
were taxed under the special 
income averaging method and tax 
preference income (taxed under the 
"minimum tax" provisions of the 
law) were not included in the 
statistics for income subject to 
tax because these two types of 
income were excluded from adjusted 
gross income and, therefore, from 
taxable income. (See also section 
6, Explanation of Classifications 
and Terms . ) 

Regular Method of Tax Computation 

The "regular" method of tax 
computation consisted of applying 



one of four sets of graduated tax 
rates to brackets of "taxable 
income." These tax rates were 
specified in the "tax rate 
schedule" and incorporated into 
the "tax tables." The set of 
rates used depended upon the 
taxpayer's marital status. For 
1976, the regular method of tax 
computation was the sole method 
used on 64.8 million returns (see 
tables 3A and 3.1). 



Alternative Tax Computation 

This computation limited to 50 
percent the tax on the first 
525,000 (first $12,500 for married 
persons filing separately) of the 
taxable half of the excess of net 
long-term gain over net short-term 
capital loss, so that the tax was, 
in effect, 25 percent of the 
excess net gain. (Because the 
alternative tax was computed at no 
less than 50 percent, the compu- 
tation was advantageous only to 
taxpayers whose taxable income was 
large enough to be taxed at rates 
higher than 50 percent under the 
regular tax computation method.) 
Amounts in excess of this $25,000 
($12,500) base were taxed at the 
regular rates. (See also "Alterna- 
tive Tax" in section 6, Explanation 
of Classifications and Terms.) 



82 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.4 shows capital gains 
and losses for alternative tax 
computation returns and table 3.1 
shows .selected characteristics of 
returns with the alternative tax 
including tax savings due to the 
alternative tax. 

Maximum Tax Computation 

The Tax Reform Act of 1969 
contained a provision, effective 
beginning with Tax Year 1971, 
which eased somewhat the tax 
burden on those high-income 
persons whose income consisted 
largely of "earned net income" 
(defined below). This was achieved 
by applying a maximum tax rate of 
50 percent to income from earnings 
(including wages, salaries, and 
other amounts received as compensa- 
tion for personal services actually 
rendered), in contrast to the top 
rate of 70 percent which applied 
to other types of income. Table 
3.3 shows the computation of the 
maximum tax, while table 3.1 shows 
selected characteristics of returns 
with the maximum tax including tax 
savings due to maximum tax. The 
terms used in table 3.3 are as 
follows: 

"Earned net income" basically 
consisted of amounts received as 
compensation for personal service 
actually rendered, such as sala- 
ries, wages, commissions, and 
gains from sales of property 
created by the taxpayer, less 
certain expenses applicable to 
that income. "Earned taxable 
income" was obtained by multi- 
plying taxable income by the ratio 
of earned net income to adjusted 
gross income. The result (limited 
to the amount of taxable income) 
was reduced by the "tax preference 
offset," which was the greater of 
(a) "tax preferences" for 1976 in 
excess of $30,000, or (b) the 
average of the tax preferences in 
excess of $30,000 for 1976 and the 
4 preceding tax years (see 
"Additional Tax for Tax Prefer- 
ences," discussed in this section, 
for the definition of tax prefer- 
ences) . 

A second offset to earned 
taxable income had to be made by 
some taxpayers who took advantage 
of both the special rates on 
earned income under the maximum 
tax computation and the special 
rates on capital gains under the 
alternative tax computation. 
Since the taxable half of 
long-term capital gains had 
already received special treat- 
ment, earned taxable income 
eligible for maximum tax treat- 
ment was limited to taxable income 
minus the taxable half of long- 
term capital gains. If the 
computation of earned taxable 
income detailed in the previous 
paragraph yielded a larger figure. 



the difference was tabulated in 
table 3.3 as the "capital gains 
offset. " 

That part of taxable income 
which was not earned taxable 
income was "other taxable income." 
Other taxable income, in turn, 
consisted of the tax preference 
offset, the capital gains offset, 
and "unearned taxable income," a 
residual amount. 

Table 3.3 divides income tax 
before credits on maximum tax 
returns into four categories: 
that generated at regular rates on 
earned taxable income (at the 
rates of 14 through 50 percent); 
that generated at the maximum rate 
on earned taxable income (50 
percent); that generated at 
regular rates on "other" taxable 
income (rates over 50 percent and 
up to 70 percent); and, for 
returns with alternative tax on 
long-term capital gains, that 
generated at the capital gains 
rate (50 percent). The latter 
figure, shown in table 3.3 as 
"other taxable income subject to 
the capital gains rate," occurred 
whenever the taxpayer elected a 
combination of the maximum tax 
with the alternative tax. In such 
cases, the taxpayer applied both 
the special 50 percent maximum 
rate to earned taxable income, and 
the special 50 percent capital 
gains rate to the first $25,000 
($12,500) of the taxable half of 
excess net long-term capital gain 
over net short-term capital loss. 

Income Averaging 

If a taxpayer's taxable 
income for 1976 exceeded the 
average taxable income for the 
period 1972-75 by one-fifth and 
this excess was $3,000 or more, 
the taxpayer was eligible for the 
income averaging tax computation 
method. Under this computation, a 
part of an unusually large income 
in the current year was, in 
effect, taxed at the lower rate 
applicable to the first one-fifth 
of such income. Taxpayers 
choosing the income averaging tax 
computation were not eligible for 
the special rates applicable to 
long-term capital gains under the 
alternative computation or to 
earned income under the maximum 
tax computation. 

Table 3.1 compares the tax 
liability of persons using the 
income averaging computation to 
the amounts they would have 
incurred had they used the regular 
computation. 

Additional Tax for Tax Preferences 
(Minimum Tax) 

First introduced for 1970, the 
purpose of the additional tax was 
to make possible the taxation, to 



some extent, of amounts not taken 
into consideration in arriving at 
taxable income. These amounts 
were previously accorded special 
treatment and were described in 
the law as "tax preferences." Th 
major tax preference item was 
capital gains (the net long-tei 
capital gains in excess of net 
short-term capital losses). Sine, 
one-half of this amount was 
excluded from an individual's 
adjusted gross income, the 
excluded half was subjected to 
the minimum tax. 

The Tax Reform Act of 1976 
brought about a nearly seven-fold 
increase in the additional tax by 
expanding the definition of tax 
preferences, by reducing the 
deductions from total tax prefer- 
ences in arriving at tax prefer- 
ences subject to tax, and by 
increasing the tax rate on tax 
preferences subject to tax from 1 
to 15 percent. 

The major new tax preference 
item added for 1976 is shown in 
table 3B as the "itemized deduc- 
tions tax preference." Basicallj 
this was the excess of all 
itemized deductions, other than 
those for medical and dental 
expenses and for casualty and 
theft losses, over 60 percent of 
adjusted gross income. For a 
detailed description of the othei 
tax preference items, see "Tax 
Preferences" in section 6, 
Explanation of Classifications 
and Terms . 

Table 3B also details the 
items excludable from total tax 
preferences in arriving at tax 
preferences subject to tax. For 

1975, these included a standard 
exclusion of $30,000 ($15,000 in 
the case of married persons fill 
separately); an additional exclu 
si on equal to the sum of income 
tax after credits, tax from 
recomputing prior-year investmen 
and work incentive (WIN) credits 
and certain penalty taxes such a: 
on a premature withdrawal from a 
self-employed retirement plan; ai 
a "tax carryover" from prior 
years, which was the amount by 
which the tax liability exceeded 
tax preferences (less the standai 
exclusion") in previous years. Fi 

1976, the standard exclusion wa 
reduced to $10,000 ($5,000 for 
married persons filing separately 
the tax exclusion reduced to 
one-half the amount of the 
specified taxes, and the tax 
carryover provision eliminated 
altogether. Moreover, the 
taxpayer could only deduct the 
larger of the standard or the ta> 
exclusion, but not both. 

The Tax Reform Act of 1976 
also changed the filing require- 
ments for the "minimum tax" (Fora 
4625) to conform to the new 
standard exclusion. Thus, any 



Individual Returns/ 1976 . Tax Computation and Tax Rates 



Table 3B.— Returns With Tax Preferences, 1975 and 1976: Computation of Additional Tax for Tax Preferences by Year 



Computaton of additional 








1976 


1975 


Total 


Returns with total lax prelerences 
less than 1975 statutory limit' 




Number of 
returns 


Amount 


Average 
(Dolla^l 


Number of 
relums 


Amount 


Average 
(Dollars) 


Number of 


Amount 


Average 
(Dollars) 




CI 


(2) 


(3) 


|4) 


15) 


(6) 


(7) 


(8) 


(9) 


a> pfelerences 


67,290 
53.623 

33.5'^ 

67.290 
67,290 

42.089 
38.241 
12.926 

21,286 
21.286 
20.188 


5,285.306 

4.215.990 

(2) 

1,069,314 

4.048,680 
1,600,780 

2,131,008 
1,810,017 
316,893 

1,553,518 
155,351 
144,100 


78,545 
78,623 

27,7'/e 

60.168 
23.789 

50,631 
47,332 
24,516 

72.983 
7.298 
7.138 


305.495 
267.508 

305,495 
220,054 

85.861 

85.842 

(3) 

252,181 
252,161 
246,735 


11,519,313 
8,661,126 
343,604 
2,514,582 

4,507,590 
2,062,204 

2,445,387 

2.437.360 

(3) 

7.011.722 
1.049,354 
1.000,273 


37,707 
32,377 
13.091 
21.990 

14.755 
9.371 

28,480 

28,393 

(3) 

27.804 
4.166 
4.054 


218.582 
187.956 
•1.249 
76,016 

218,582 
174,677 

43,905 

43,904 

(3) 

169,262 
169,262 
166,021 


3,185,108 

2,549,550 

•2.112 

545.422 

2,191,148 
1,5%,749 

594,399 

593,094 

13) 

149!016 
146,098 






13.564 




a lax prelerences 


7,175 

10,024 
9,141 

13.538 

13.508 

(3) 




dard exclusion 


Bion due lo: 


ome tax after aedits . ... 






we lax on prelerences 


881 







O.OOO- Under 1975 law, I 



Sactpom 57-4 



ed person filing separately 
$5,000 or more of total tax 
rences, and any other tax- 

(including married persons 
% jointly^ with $10,000 or 
jf total tax preferences had 
le a Form 4625 for 1976. The 
filing requirements were 
}0 and $30,000, respectively. 
7 through 9 of table 3B 
nformation on returns of 
/ers for 1976 who would not 

to report any tax prefer- 
Lnformation under 1975 tax 



3r 1976, the tentative tax on 
references equalled 15 percent 

tax preferences subject to 
for 1975, the applicable 
itage was 10. The actual 

il tax for tax preferences 
led the tentative tax reduced 

1) 15 percent of any 1976 
net operating loss which 

ixpayer could carry to a 
5 year (this amount to be 
as a deferred minimum tax in 
2ar to which the net oper- 
s was carried); 

2) "unused" portions of the 
ll, elderly, political 

butions, purchase of new 
pal residence, and child 
ax credits (the unused 

pn was the amount by which 

■credits exceeded income tax 

f!= credits); 

iji) any tax based on tax 

tcences from which the 

?;'er derived "no benefit" 

l occurred when the taxpayer 
pre than enough deductions 
<emptions to offset adjusted 

3 income); and increased by 
ieferred minimum tax," based 

aiet operating loss carryover 

'i prior year. 



Special Income Averaging 

Under the rules established by 
the Employee Retirement Income 
Security Act of 1974 (ERISA), 
employees and self-employed 
individuals, or their benefi- 
ciaries, could elect to use a 
special 10-year income averaging 
tax computation method on lump-sum 
distributions received from 
qualified pension or retirement 
plans. The amount of the distri- 
bution subject to this tax was 
excluded from the taxpayer's 
adjusted gross income, although 
the tax computed under this method 
was added to any tax computed on 
regular taxable income and was 
included in income tax before 
credits. Prior to enactment of 
this law, the taxable amount of 
the distribution was included in 
the taxpayer's adjusted gross 
income and a special income 
averaging method was applied to 
the full amount of taxable income 
involving only one computation to 
arrive at income tax before 
credits. This earlier special 
income averaging method did not 
allow the taxpayer to take 
advantage of the alternative or 
maximum tax computations, if 
applicable, as was possible under 
the 1974 law. 

The taxable portion of the 
lump-sum distribution, the amount 
in excess of the employee's 
contribution and net unrealized 
appreciation of employer secu- 
rities, was allocated between 
long-term capital gain and 
ordinary income based on the 
employee's number of years of 
participation in the plan before 
1974 and after 1973. The portion 
allocated to ordinary income was 



equal to the taxable portion of 
the lump-sum distribution multi- 
plied by the number of years of 
participation after 1973, divided 
by the total number of the employ- 
ee's years of participation. The 
capital gains portion was the 
difference between the taxable and 
ordinary income portions of the 
lump-sum distribution. The Tax 
Reform Act of 1976 gave taxpayers 
the option of treating the entire 
taxable portion of a lump-sum 
distribution paid after 1975 as 
ordinary income (thus avoiding the 
minimum tax on the capital gains 
portion) and permitting the 
10-year averaging rule to be used 
for the entire taxable portion of 
the distribution. 

To use the special income 
averaging rules, the taxpayer 
first subtracted the minimum 
distribution allowance from the 
taxable portion of the lump-sum 
distribution. The allowance was 
one-half of the first $20,000 of 
the taxable portion reduced by 20 
percent of the amount in excess of 
$20,000. A tax was then computed 
on one-tenth of the difference 
thus obtained, using the tax rates 
for single persons. This tax was 
then multiplied by ten times the 
number of taxpayer's calendar 
years of participation in the plan 
after 1973 and divided by the 
total number of years of 
participation. 

Those taxpayers who received 
lump-sum distributions in 1976 and 
in either 1974 or 1975 computed a 
special averaging tax on the sum 
of the current and prior years ' 
lump-sum distributions and then 
subtracted the tax they had 
previously paid on the prior-year 
distributions to determine the tax 



84 



Individual Returns/ 1976 « Tax Computation and Tax Rates 



payable for 1976. Therefore, the 
lump-sum distributions and tenta- 
tive tax data shown in columns 3 
through 26 of table 3.2 include a 
small amount of prior-year data; 
the prior-year information is 
shown separately in columns 27 
through 30. 

Premature Distributions from 
Retirement Plans 

Beginning with Tax Year 1975, 
taxpayers who were not members of 
qualified employer-provided 
retirement plans could set up one 
of two types of tax-sheltered 
retirement plans for themselves: 
self-employed retirement plans 
(also known as Keogh or H.R. 10 
plans) and individual retirement 
accounts (IRA's'). Amounts set 
aside under either of these plans 
were not to be withdrawn until the 
taxpayer reached age 59—1/2 or 
became permanently disabled. If 
any amounts were withdrawn "pre- 
maturely," they were not only 
included in adjusted gross income 
and taxed along with any other 
income, but also subjected to a 
special 10 percent penalty tax. 
Amounts reported withdrawn 
prematurely and the penalty tax 
on these amounts are shown in 
table 3C. 

General Tax Credit 

The Tax Reform Act of 1976 
both extended and expanded the 
"personal exemption credit," 
introduced by the Tax Reduction 
Act of 1975. Under the new law 
the credit was known as the 
"general tax credit" and was the 
larger of: 

(1) the "personal exemption 
credit," equal to $35 multiplied 
by the number of exemptions other 
than those for age and blindness 
(for 1975, the amount was $30 per 
personal exemption) ; or 

(2) the "taxable income 
credit," equal to 2 percent of 
taxable income, but never more 
than $180 ($90 on returns of 
married persons filing separa- 
tely); this provision was not 
available for 1975. 



Table 3D shows the number of 
returns claiming each of these 
types of general tax credit. 

Earned Income Credit 



redi 



after phaseout 



This was a credit against 
income tax for taxpayers with 
adjusted gross incomes of less 
than $8,000, equal to as much as 
10 percent of the first $4,000 of 
"earned income." To be eligible, 
the taxpayer had to have provided 
a home for the entire year for 
either a child who was under 19 
years of age or a full-time 
student, or for a dependent child 
(regardless of age) who was dis- 
abled. The computation of the 
earned income credit, which is 
detailed in table 3.7, worked as 
follows : 

(1) "Total earned income" was 
computed by adding together sala- 
ries and wages and self-employment 
income (less self-employment 
losses), and then subtracting, any 
amounts exempted from taxation as 
a sick pay exclusion. Self- 
employment income (net) was the 
amount reported on Schedule SE for 
the purpose of computing the 

self -employment tax, and included 
net earnings from non-farm sole 
proprietorships and partnerships, 
as well as one of the following: 

(a) net earnings from 
farm sole proprietorships and 
partnerships, or 

(b) two-thirds of farm 
gross profits, limited to $1,600. 

(2) If total earned income 
exceeded $8,000, the taxpayer was 
not eligible for the earned income 
credit, even if adjusted gross 
income was less than $8,000. For 
all remaining returns, a tentative 
"earned income credit before phase- 
out" was computed by taking 10 
percent of total earned income. 

(3) The figure computed in 
(2) above was first limited to 
$400. Then, if either adjusted 
gross income or total earned 
income exceeded $4,000, the figure 
was further reduced, i.e., "phased 
out," by 10 percent of the excess 
of the larger of these two amounts 
over $4,000. The result of this 
computation is shown as "earned 



income 
total." 

(4) Since the earned income 
credit could result in a refund, 
even taxpayers with little or no 
tax liability could receive the 
benefit of the full amount. For 
the purpose of these statistics, 
the following components of the 
earned income credit were distin- 
guished: 

(a) "Used to offset 
income tax before credits." 
Computed on a retum-by-retum 
basis, this was the lesser of (i) 
earned income credit after phase- 
out, or (ii) income tax before 
credits minus all credits except 
the earned income credit. If the 
former exceeded the latter, income 
tax after credits became zero, and 
the return was classified as 
nontaxable for this report. 

(b) "Used to offset all 
taxes." Computed for 



thet 



returns with no income tax after 
credits (after the adjustment in 
(a) above, if any), it equalled 
the lesser of (i) earned income 
credit after phaseout minus earned 
income credit used to offset 
income tax before credits, or 
(ii) the sum of all taxes (except 
income tax after credits) includ 
in "total tax liability." This 
amount was used to reduce total 
tax liability; 

however, the individual components 
of total tax liability were not 
reduced. 

(c) "Refundable portion. 
Computed for returns with no 
"total tax liability" (after the 
adjustment in (b) above, if any), 
it equalled the excess of earned 
income credit after phaseout over 
the amounts computed in (a) and 
(b). This amount is included in 
the data for tax overpayment shown 
in table 3.11. 

The number of returns with the 
earned income credit shown in this 
report represents both taxpayers 
who claimed the credit on their 
returns as originally filed and 
taxpayers who subsequently claimed 
the credit after being notified by 
the Internal Revenue Service 
during the course of processing 
returns for revenue purposes tha 



laDie 3C.— Returns With Premature Distributions From Retirement Plans: Premature Distributions and Tax on Premature 

Distributions 



|AII figures ate estimates based on samples-money amounts are 


in thousands ol dollats] 




Type 01 retirement plan 


Number ol 
returns 


Premature 


Tax on 
premature 
distnbutions' 




(') 


12) 


13) 


Total 


12,6«2 

6:903 


25,349 

16,130 
9.219 


2.4*4 




1.544 







Individual Returns/1976 . Tax Computation and Tax Rates 



85 



Table 3D.— Returns 



General Tax Credit: General Tax Credit by Type and by Size of Adjusted Gross Income 

[All figures are estimates based on samples— money amounts are in thousands of dollars] 



I returns witti general tax ( 



Adjusted 
less deficit 



General 
lax 



1,029,169.510 

32.753.297 



3.478.243 
8.582,370 
3.419.300 



11.184.799 
6.645,004 
3.625,818 



99.328.991 
48.544.877 
19,324.358 



9,348,195 

340.222 



175.765 
34,448 
6,678 



Size of adjusted gross i 



47,710,507 

1,655,642 
11,479.526 



3.282.717 
833,164 
161,041 



172.183,872 
133.301,156 
89.479,803 



106,042,103 

1,655,642 
13,955.577 
22,519.960 
27.850.734 
18,363.623 
10,209.579 



23.017.533 
19.686.813 
14.595.143 

23,157.882 
14.840.942 
7,512.219 
3.833.567 
1,120.975 
1,267.418 



7,104,623 

73,073 



149,685 
28.956 
5.863 



Sae of adjusted gross i 



Heturns wiiti personal exemption credit 



7.652.321 
3.444.155 
1.273.130 



41.785.261 
21.779.672 
14.490.002 
9,204.929 



974.777 
226.939 
238.327 



8,822,601 
24.626,793 
16.899,340 

7,683,629 



2,301,244 

745,573 

156,973 

23,303 

2,264 



18,148.602 
18,327,683 
10,379,376 



2,072,150 
1.827,019 
1,018,757 



267.149 
790.232 
583.249 
268.232 



80.506 
26.081 
5.492 



11 tiecause of rounding 



ey were eligible to receive it. 
r purposes of the statistics, 
ta for returns in the latter 
tegory were obtained from the 
ternal Revenue Service Indivi- 
al Master File to supplement the 
ta tabulated from the returns of 
ose taxpayers who claimed the 
edit on their returns as origin- 
,ly filed in order to present 
ire accurate information on the 
itnber of returns and the amount 
f the earned income credit for 
IX Year 1976. 



Child Care Credit 

For 1975 and earlier years, a 
deduction (i.e., a reduction of 
taxable income) could be taken 
under certain circumstances for 
child care expenses. For 1976, 
this deduction was abolished and 
replaced by a credit (i.e., a 
reduction of taxes). Basically, 
the 1975 deduction equaled 
expenses for child care, limited 
to $2,400 for one qualified 
individual, $3,600 for two, and 



$4,800 for three or more. The 
1976 credit equaled 20 percent of 
such expenses, with expenses 
limited to $2,000 for one quali- 
fied individual and $4,000 for two 
or more. The deduction for 1975 
was phased out for taxpayers with 
adjusted gross income over $18,000, 
becoming zero at $27,600. No such 
phase-out existed for the 1976 
credit. Table 3E compares the 
reduction in tax brought about by 
the child care deduction for 1975 
with the child care credit for 1976. 



86 



Individual Returns/1976 Tax Computation and Tax Rates 



3E.— Returns With Child Care Credit: Comparison of 1976 Child Care Credit and 1975 Child Care Deduction 
by Size of Adjusted Gross Income 



Child care deduction, 1976 



ToUl 

No adjusted gross 
$1 undof $5.50O , 
$5,000 under $tO,0 
$10,000 under $15. 
$15,000 under $20. 
$20,000 under $30. 
$30,000 under $50. 



26,879 
364,780 
600,289 
709,220 



58,610 
89,334 
110,978 
151,366 



7.763 
344.077 
604.026 
575425 
130.804 



6.427 
291.986 
481.057 



Tax Rates 

A tax rate is the percentage 
used to denote the rate at which 
all or a portion of an individual's 
income was taxed. More precisely, 
a tax rate shows a relationship 
between income tax before credits 
and income subject to tax. Tables 
3.13 through 3.17 show the amount 
of income subject to tax classified 
by the rates at which it was 
taxed; in other words, they show 
the income on each return sub- 
divided into the amount taxed per 
tax rate. Table 3.12 classifies 
returns two ways: in columns 10 
to 12, a return is classified by 
each rate at which the individual 
was taxed; in columns 1 to 9, 
however, it is classified solely 



by the highest (or marginal) rate 
at which the individual was 
taxed. The examples shown in this 
section illustrate how various 
types of returns were "taxed" in 
the marginal tax rate table (table 
3.12). In examples 1 and 5, 
income is taxed at each rate up 
through the marginal rate. In 
examples 2, 3, and 4, which depict 
returns with alternative, maximum, 
and alternative-maximum tax compu- 
tations, there are intermediate 
rates at which no income is 
taxed. These gaps occur at the 
points where earned income would 
have been taxed had it not been 
for the 50 percent maximum rate on 
earned income or where long-term 
capital gains would have been 
taxed had it not been for the 



alternative 50 percent tax 
capital gains. 



Ovei 



3ayment and Tax Due 



Tables 3.10 and 3.11 classify 
taxpayers by whether they ended 
the year with a tax overpayment or 
a tax due at time of filing. 1 
data shown in these tables reflect 
the effect of the earned income 
credit for 1976 (i.e., the amount 
of tax overpayment increased and 
the amount of tax due decreased). 
Excluded from the tables were 
returns with neither a tax due no 
a tax overpayment. Generally 
these were returns with low 
income, no tax liability, and no 
income tax withheld. 



Individual Returns/1976 • Tax Computation and Tax Rates 87 



Five examples 
of returns with 
different 


Example 3- Joint Retum with Income 
Subject to Tax at Regular and Maximum 
Rates 


$23. -tv - ipltal gains Ineore 

$25, 'OOO - i-apital gains taxed at 501 rat« 
$3,750 - Oapltal gains taxed at regular rates 

I^rivatlon of Reeular Tax on $52,000 of Earried Taxable 


metliods of tax 
computation 


Zc-ivatlon of Regular Tax on $52,000 of Earned Hxatls 


Inoome: 






Hext $4,000 taxed at -.«. $1,920 

Bal. $8,000 taxed at 5CK. $4,000 


Example 1 -Joint Return with Income 


r^ri^tlon of Tax at *xin.» Rate on $34 30 of a.-ned 




Subject to Tax at Regular 
Rates Only 








is-. iK.OOO taxed at 5* rute $12,500 


ILJ ' 


"^'i??^ '"'"""" °*""* $1^^ 


te^'t^l".' ,;::::: ^$2:325 


v.|J;^SJ:^::iS::;::;::::;::::::::: ^ 

:jext $i,aOO taxed at 43!~ $1,920 

Bal $8 OOO taxed at 5IK. $i OOO 


1st $1. 03 -ax.l a- 1.. 

Next »1., .T< ■ . 

Bal. $15, i«. ..- , --J 
$n-.Oi)r ], .T. ,.-■? 

Example 2- Joint Retum wrth Income 


-jtal credl-:.. -$4,000 


$52 COO regular lax .... $18.0tO 


Example 5- Joint Retum with Income 
Averaging 


Privation of T^x at Maximo Fate on $i0.000 of Earned 


Taxable Income: 




. vl.ation of Regular lax on $23,000 of Other Taxable 


Subject to Tax at Regular and 


$120,000 - Adjusted gi<33s incoiM 

-lIsOO - Exemptl.ins 
$115,000 - 1976 in.-oiK .-uDject to tax before income 

avera^^ 


-'-^™.- 






Den 


$14,100 
• r;.-atlor> of Income Tax: 
Hegular tax on eai-ned taxable income $18,060 


»1 






$11 000 I. i» 
^0 XIO d n 
$25 M «u 


TO T.X After InSL A.eTa.ing: 




^di'S Sxeda- 1- Ilso 


Example 4-Joint Retum wHh Regular 

Tax, Maximum Tax and Altemative Tax 


Sf:'^---!.\"^-;::::;;-::;:;:::: t:Z 

.■ ■— - ' $t',600 


iiii >. 

Bal » X 1 e _ 

Denvat on of Tax on $ OJO it 


$41,180 


Is $ OOO Uxed a Cf ™ 
tfe" $12 X "a 'a 

Begvjlar ax 



88 


Individual Returns/1976 • 


Tax Compulation and Tax Rates 






1 


Illustrations showing how the five example returns are presented in table 3.12 ^ 




■-v.. 


1 


\ 












■ 










- 




































Example l.-Data Reported on Joint Return With Income Subject to Tax at Regular Rates Only | 








.. 




—A, 


!m 




■■■ ■' 


V 








-— -2— — — — J^vj 












— '\j 
















Example 2. -Data Reported on Joint Return With Income Subject to Tax at Reqular Rates and Capital Gains Rate I 


^ 








\, 




_ 








L 


V 






^ — i^_ — Li:^ L ^-Ar— 
















4'J.'"-fiO, 


^^ 








Example 3. -Data Reported on Joint Return With Income Subject to Tax at Regular Rates and Maximum Rate | 


14 Mi.;^."'''!''!!!'^'!!!'!'^'''^'' 


1 


1_ ., .. 


Lr..!:oo 


15,:>X' 


-■■'■" 




4o,l,.0 








- '^- 




^ -, 


-^^cs 












N^ 














o' pti-eii- 


Example 4. -Data Reported on Joint Return With Income Subject to Tax at Regular Rates, Maximum Rate and Capital Gains Rate | 


J: ^^j;:!';; ;■ 




-JV- 


















1. •_<_;• 

l.OiAi 




!Vj 




] ^ 












^:^ 








17 




■jO p-.-rCfui 


Example 5. - Data Reported on Joint Return With 1 ncome Averaging | 




1 




1 




^ 




' ' 


— -»^^ 


' 




':; 1 ""^ 


i> !*.-'.. 


;?t^ =,;V 






















; 


58 perc'-'.; 


Summary of Data Reported on Above Five Joint Returns I 


ss~" ":;;;:;■;;■;:;;; 








J~,I 




, 3~^ 




■>Si 


-'■" 








.ci^ 

58p.|_^;'_^ '■'■.■'■'■'■ 




T ^ 
















p___-^ _ 


I 





























Individual Returns/ 1976 • Tax Computation and Tax Rates 



able 3.1— Returns With Income Subject to Tax: Adjusted Gross Income, Deductions, Exemptions, Taxable Income and Tax 
ems by Size of Adjusted Gross Income and by Type of Tax Computation 



Type of tax computauon by sae 
ol adiusled gross income 


r^n/ 


Adjusted 
gross 
income 


Itemized deductions 


Standard 




Exemptions 


Number ol 
returns 


Amounl 


Number ol 
returns 


Amount 


Number 


Amounl 


Return. With Regular Tax Computation Only 


(1l 


I2| 


(31 


(4) 


(5) 


|6| 


(7) 


(8) 




















64,815,142 

8,816.476 
19,081.470 
14.280.972 
10.697.397 
11.516.924 


871,361,129 

32,754,061 
140,575,423 
177,285.386 
185.305.920 
306.262,609 


22.451,421 

247.617 
2.549,509 
5.039.451 
5.441.258 
8,766.932 


106,377,592 

430,834 
7.657,790 
17.756.320 
23,574.961 
50,073,245 




84,753,513 

14,288,435 
30,127,056 
18,995,247 
13,731,404 
7,569,716 


170,089,648 

40.440,025 
34,738,585 
40.226,225 


127,567,236 

8,481,354 
31.356,041 
30,330.019 
26,053.939 
30,169,669 




8,568.859 
16,531.961 
9.241.521 
5.256,139 
2,749,992 








20,000 under $50,000 




398.232 

18.929 

3,740 

671 

331 


24.486,130 
2.427,796 
1.090.489 
458.289 
715.025 


383.291 

18.684 

3.684 

664 


5,312.442 
764.828 
368.026 
161.342 
277.804 


245 

7 


40,841 
662 

18 


1.487,953 
65,190 














1 544 


1000000 or rtiore 


794 


Returns With Income Avetagmg Tai Computation 


















Total 


3,5<«.2e« 


118,174,283 


2.413,073 


16.105,422 


1,173,213 


3,032.042 


12,302,708 


9,227,031 


nder $5,000 


47.340 
228.585 
487.399 
2.383.282 


412,061 
2,919,149 
8.657,568 
72.710.494 


7,174 

61,673 

220,512 

1.718.978 


15.233 
196.604 
871,125 
9.700,537 


40,166 
166,912 
266,887 
664,304 


71,931 
348,850 
696,278 
1.819,047 


95,478 
585.315 




10000 under $15000 . .. . 


438986 




1 167153 


"0000 under $50000 


6,288,399 


iO.OOO under $100,000 

100,000 under $200,000 

MO.OOO under $500.000 

iOO.OOO under $1,000,000 
1.000,000 or more 


387,259 

44,423 

7,067 

743 

188 


24.993,514 
5.688.219 
1,956.487 
494,985 
341.806 


355,148 
41.824 
6,849 

185 


3.823.400 
897.470 
393.332 
124.514 
83,207 


32,111 

2,599 

218 

13 


88,178 

7,121 

594 

36 

7 


1.487.298 
251416 


1,115,474 

123.847 

19,062 

1.985 

517 


Retunia With Hailmum and Regular Tai Computation 


















ToUl 


173,246 


20,708,816 


169,281 


3,108,78« 


3,(65 


10,620 


670.699 


503,024 


. jjo (y^ 


•749 
88.365 
71.340 
11.763 
837 
192 


•35.829 
7,162,488 
9,344.081 

414 756 


•749 
65,584 

188 


•4,965 
1,029.135 
1.448.319 
484.443 
82.010 
59.917 


2,781 

1,072 

102 

6 


7.414 
2,900 
279 

10 


•947 

«:3§5 

3.045 
680 


•710 






100,000 under $200,000 

KJO.OOO under $500,000 


214,717 
33,229 
2.284 




510 




















Total 


58,631 

21.199 

28.745 

7.743 

746 


8,678,927 

1.810.122 
3.832.926 
2,163.758 
484,320 
387.801 


57,430 

20.44~ 

28.348 

7.704 

739 

198 


1,299,140 

250,750 
574,561 
333.299 
77,083 
63,447 


1.201 

758 

39 

7 


3,221 

1.993 

1.103 

108 

18 


215,799 

75.3M 

108,643 

28,338 

2,710 

754 


161,849 
















21,254 


iOO.OOO under $1,000,000 

1,000,000 or more 


2.033 
566 


Returns With Alternative Ta« Computation Only 




















83,467 

•3.514 
51.521 
21,102 
5,876 
1,015 
439 


10^21,451 

■170,883 
3,869,405 
2,797,455 
1,704.398 
690,264 
989.047 


78,202 

•2.017 
48,207 
20.720 
5.812 
1.011 


1,920,602 

•11.077 
554,701 
545,846 

^^ 
208,886 


5.265 

•1,497 
3.314 
382 


13,739 

•3.593 
8.901 
1.058 
167 

10 


258,398 

•3,980 
159,334 
71,083 
19.195 
3.372 
1.434 










•2,985 




119501 








14:396 




2,529 




1,076 







90 Individual Returns/ 1976 • Tax Computation and Tax Rates 








Table 3.1— Returns With Income Bubject to Tax: Adjusted Gross Income, Deductions, Exemptions, Taxable 
Items by Size of Adjusted Gross Income and by Type of Tax Computation— Continued 




Tax 


t 

r 


(All figures are esomales based on samples-money amounls are m 


thousands ol dollars] 














V 




Taxable 
income 


Income subieci to lax 




Type ol tax compulation by size 
ol adjusted gross income 


Total 


At regular rates 


on earned income 


At capital gains 
lax rale 




Number ol 
returns 


Amount 


Number ol 
returns 


Amounl 


Number ol 
returns 


Amount 


. 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 




Returns With Regular Ta> Computation Only 




















Total 


552,662,787 


552,662,787 


64,815,142 


SS2.662.787 


- 


- 


- 


- 




Under$5.000 

$5 000 under $10 000 


9,563,438 
71,434,535 
110,203.801 
121,945,616 


9,553.438 
71,434.535 

121:945:616 


8.816,476 

14:260:972 
10,697,397 


9.553.438 
71,434,535 

121:945:616 


E 


= 


j 


E 


r 
















713,310 
295.384 
436,427 


18,016,682 
1,613,414 
713,310 
295,384 
436,427 


398,232 
18,929 
3,740 


18,016,882 
1,613,414 
713,310 
296,384 
436,427 


~ 


I 


I 


E 








$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


s 


Returns With Income Averaging Tax Computation 




















Total 


e9,ll09,78« 


85,629,619 


3,586.286 


85,629,619 


- 


- 


- 


- 




Under $5 000 


1.934!709 
5,923.012 


231,908 

5:667:264 
52.673,155 


47,340 

487:399 
2,383,282 


231,908 
1,801,566 
5,667,264 
62,673,166 


E 


I 


E 


E 


t 










$15,000 under $20,000 






19.966.463 
4.659.781 
1.543.499 
368.451 
258.076 


4:337:453 
1,431,726 
343,186 
249,946 


387,259 

44,423 

7,067 

743 

188 


4:337:453 
1,431,726 
343,186 
249,946 


~ 


z 


I 


E 




$100,000 under $200,000 

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


























17.086,384 

•30.154 
5.874.364 
7.678,145 
2,689,910 
459,492 
354,318 


17,086,384 

•30,154 
5,874,364 
7.678,146 
2,689,910 
459,492 
354,318 


173.246 

■749 

88,365 

71,340 

11,763 

837 

192 


10,611,006 

•28,462 
4,767,124 
4,404,767 
1,119,006 
163:795 
107,853 


173,246 

•749 
88,365 
71,340 
11,763 
837 
192 


6.475.378 

•1,692 
1,107,241 
3,273,379 
1,570,904 
276,696 
246,466 


E 


E| 




Under $50,000 


t 


$100,000 under $200,000 

$200,000 under $500,000 

$600,000 under $1,000,000 

$1,000,000 or more 


























7,214,716 

1,500.864 
3.175.779 
1.809.098 
405.187 
323.788 


7,214.716 

1,500,864 
3,176,779 
i:809:098 
405,187 
323,788 


58,631 

21,199 

28,746 

7,743 

746 

198 


4,354,546 

1,180,464 
1,926,123 
893,269 
203,740 
150,951 


58,631 

21,199 

28,745 

7,743 

746 


2,499,199 

256.3V7 
1,062,863 
829,937 
190,447 
169,636 


58,631 

28:745 
7,743 
746 
198 


360,97- 

64,08^ 
1%,79<' 
85,89i 

um 

3,20; 




Under $50,000 

$50,000 under $100,000 

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


? 
1 

! 


Returns With Alternative Tax ComputaUon Only 






















8,093,312 

•153.228 
3.186,303 
2,197.239 
1,266.226 
512.240 
779.075 


8,093,312 

•163,228 
3,186,303 
2,197,239 
1,266,226 
612,240 
779,075 


83,467 

•3,514 
51,621 
21,102 
6.876 

'439 


7,356,999 

■147,983 
2,855,068 
1,925,337 
1,165.600 
492,931 
770,079 


z 


-_ 


83,467 

•3,614 
51,621 
21:102 
6,876 
1,015 
439 


736,3i: 

•5,24! 

331,23; 

271, 90; 
99,62« 
19,30£! 
8,99Ji 






^ 


















$500,000 under $1,000,000 

$1,000,000 01 more 

























Individual Returns/ 1976 • Tax Computation and Tax Rates 



91 



able 3.1— Returns With Income Subject to Tax: Adjusted Gross Income, Deductions, Exemptions, Taxable Income and Tax 
•ms by Size of Adjusted Gross Income and by Type of Tax Computation— Continued 

I (igufes are e»tmale$ base 



Type ot lax computation tjy sae 


Lump-sum distnbuCons 
adiusled gross income 


Income lax 
belore credris, 

regular 
compulaton 


Tax 


Tax 
savings 
over 

coX^ 


Average 


belore credits 


Number of 


Anxxinl 


Number ol 


Amount 


R>tum« With Ragular Tu Computation Only 
Total 


(17) 


(18) 


(19) 


(20) 


(21) 


(22) 


(23, 


(24) 


121,62} 

•2.984 
M,809 
32,200 
29,009 
39,059 

206 
•20 
"1? 

1S,146 

•1,115 
11,005 

2,433 
472 
96 

16 

7 

692 

•323 
283 

••15 

606 

•231 

288 

69 

15 

3 

1,055 

•816 

•123 

91 

20 

5 


436,680 

•10,462 
18,127 
77,208 

"1,018 

81,074 

■2,659 
36,898 

24,845 

11,178 

4,310 

919 

265 

14,150 

•3,568 
6,165 
3,213 
••1,204 

13,382 

•2,921 

5,071 

4,322 

973 

95 

48.664 

■27,885 
•11,483 

349 


114,803,122 

1,440,940 
12,189,039 
20,345,096 
23,730,515 
49,438,845 

6.024,054 
733,631 
413,165 
190,432 
297,404 

25,667,141 

44,640 

368,318 

1,185,608 

13,520,454 

7,077,378 
2,191,996 
886,205 
237,104 
175,436 

6,044,657 

•10,884 
2,324,388 
3,616,329 
1,563,167 
298,325 
242,773 

3,646,705 

611,810 
1,506,357 

262:634 
221,094 

3.944,168 

•57,741 
1,247,864 
1,040,938 
732,135 
331,719 
533,792 


114,826,682 

1.444,978 
12.198.832 
20,351.291 
23,734,993 
49,438,498 

6,023,765 
733,541 

297,407 

23.953,776 

40,271 

337,696 

1,121,515 

12,737,320 

6,524,615 
1,993.684 
809,440 
219.478 
169,755 

7.443,681 

•10,801 
2,275,449 
3,365,868 
1,345,567 
251,021 
195174 

3,353,496 

596.055 
1,410.413 
929,539 
229,090 
188,399 

3,663,193 

1.232:601 
1.016,056 
716,786 
328196 
532122 


1,733,365 

4,367 
M,622 
64,094 
783,134 

652,763 
198,312 
76,766 
17,626 
5,682 

600,977 

•84 
48,939 
249.461 
207,591 
47,305 
47,598 

295,212 

15,755 
95,947 
117,372 
33,444 
32,696 

60,995 

15,263 
24,882 
15.349 
3,524 
1,669 


463 

92 
133 
131 
328 

1,427 
4,464 
10,862 
23,722 
30,222 

3,466 

•111 
663 
3,496 
17,647 
56,516 
247,907 

5,035 

743 

3,337 

15158 

44,830 

165,124 

730 

•87 
296 
1,179 
2,612 
3,471 
3,802 


64,615,142 

8,816,476 
19,081,470 
14,280,972 
10,697,397 
11,516,924 

398,232 

18,929 

3,740 

671 

331 

3.566,266 

47,340 
228,585 
487,399 
2,383,282 

387,259 

44,423 

7,067 

743 

188 

173,246 

•749 
88,365 
71,340 
11,763 
837 
192 

58,631 

21,199 

28,745 

7,743 

746 

198 

63,467 

•3,514 
61,521 
21,102 
5,876 
1,016 
439 


114,669.033 

1,445754 
12,200,124 
20,357,054 
23,747,225 




.10 000 undet $15 000 


.15 000 under $20 000 








100 000 under $200 000 


735,221 
414,306 






1.000.000 Of moie 

IMumt With Incoim Avwiglng Tai Computation 


297,642 
23,964.164 






40,273 




15000 undei $20 000 






12,740.148 
6.628.137 




100 000 under $200 000 






600.000 under $1,000,000 

1.000,000 or more 

Return* With Maximum and Ragular Tu Computation 


219.684 
169.807 

7,449,376 






2.276.156 
3.369.606 
1.346.295 
251,287 
196,232 

3,365,926 




200.000 under $500,000 

500.000 under $1,000,000 

1.000.000 or more 

Retuma With Maximum and AttematNe Tu Computation 




50 000 under $100 000 


596438 


100.000 under $200.000 

200.000 under $500,000 

500.000 under $1,000,000 
1,000,000 Of more 

Ratuma With Altemattve Tu Computation Only 

Total 


1.411.084 
930.632 
229.346 
186.429 

3,694,353 


inder $20,000 






1 237 959 




1018 984 










1.000,000 or more 


532.298 



92 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.1— Returns With Income Subject to Tax: Adjusted Gross Income, Deductions, Exemptions, Taxable Income and Tax 
Items by Size of Adjusted Gross Income and by Type of Tax Computation— Continued 



(All figures are eslimales based on samples-money amounts a/e in thousands of dollars 




















Total credte 


Addition 
tax pre 


erences 


Total income tax 


Type of lax computation by size 
of adiusled gross income 


returns 


Amount 


As a percent of- 


Average 


Income 
subiect 


Adjusted 
gross 


income 


Number ol 


Amount 


Number of 


Amount 


(dollars) 




(25) 


(26) 


(27) 


(26) 


(29) 


(30) 


(31) 


(32) 


(33) 


Return. With Regular Tax Computation Only 
Total 


64,815,142 

8,816,476 
19,081,470 
14,280.972 
10.697,397 
11,516,924 

398.232 

18.929 

3.740 

671 

3,586,286 

47,340 
228,585 
487,399 
2,383,282 

387,259 

44,423 

7,067 

743 

188 

173,246 

•749 
88,365 
71,340 
11,763 
837 
192 

58,631 

7.743 
746 
198 

83,467 

•3.514 
51.521 
21.102 
5,876 
1,015 
439 


10,915,225 

402,573 
2.331,652 
2.689,425 
2,301,603 
2,895,361 

241,294 
26,524 

5!342 
6,733 

1,438,438 

60!717 
132.841 
861.224 

268.410 
72,467 
24,941 
7.188 

191,193 

•281 
66.598 
87,653 
23,782 
6,080 
4,600 

86,274 

17,784 
30,833 
19,586 
5,867 
12,204 

101,327 

•756 
33,509 
26,443 
16:725 

8.275 
15.619 


87,57» 

2.041 
7.931 
9.258 
38.748 

23.674 
4.146 
1.298 

??§ 

115,102 

••1.340 

5.832 
56.557 

34.628 

12.183 

3.772 

617 

173 

3,122 

1,202 
1,640 
257 
"23 

4,852 

893 
3.053 

809 
78 
19 

20,615 

9.808 
7.238 
2,720 
578 
271 


304,031 

•53 

if:??l 

19,337 
57,419 

78,970 
38,898 
39,536 
18,044 
38,119 

466,691 

••942 

4.723 
82.897 

110.703 
107,872 
84,973 
40,652 
33.928 

5,500 

1.810 

'774 
"192 

9,379 

1,271 
4,280 
2,922 
583 
324 

15,669 
27,614 
30,904 
20,593 
34,243 


6,799,563 
17,085,153 
14108.911 
10,646.128 
11,476.988 

397.013 

18.877 

3.725 

671 

330 

3,550,079 

46,524 
218,741 
480,526 
2.365,664 

386,240 

44,388 

7,065 

743 

188 

173,039 

•749 
88.336 
71.167 
11.761 
835 
192 

58,631 

21.199 

28.745 

7.743 

746 

196 

•3,332 

•3.514 

2i:078 
5,875 
1.015 
439 


104J57,«4fl 

1.043.234 
9.870.974 
17.678.761 
21.465.059 
46.613,855 

5.866,948 
747,695 
439,023 
203,443 
328,928 

22.»92,«17 

34,227 

277.907 

993.595 

11,961.821 

6,370.430 
2,031.486 
870.658 
263.148 
199.145 

7J63,6»3 

•10,520 
2.211,368 
3.284,676 

243:384 
190:448 

3J7»,032 

579,924 
1,384,531 
913,967 
224,062 
176,549 

3,922,049 

•56,677 
1,220,119 
1,020,155 
732.938 
341.238 
550,922 


18.9 

109 
13,8 
160 

213 

32,6 
46.3 
61,5 
68.9 
75.4 

26.9 

154 
17.5 
22,7 

33.7 
46-8 
60.8 
738 
797 

42.5 

•34.9 
37,6 
42.8 
49.2 
53.0 
53.8 

4S.4 

38 6 
43,6 
50,5 
55,3 
54.5 

48.5 

363 
46.4 
579 


12.0 

3,2 
7.0 
100 
11.6 
152 

24.0 
30,8 
40.3 

480 

19.5 

8.3 
9.5 
11.5 
16-5 

25-5 
35.7 
44.5 
51-1 
58.3 

35.1 

•29,4 
30.9 
35,2 
41-3 

45:9 
37,8 

36: 1 

42-2 
46-3 
455 

38.4 

■332 
31,5 
36,5 
43-0 
49.4 
557 


1,722 




577 




1,253 












14,777 




39,603 


$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Returns With income Averaging Tax Computation 


117,858 
303,193 
996,750 

6,476 




_ 




735 




1,270 




2,067 








16.493 


$100,000 under $200.000 

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


45,766 
123.235 
340,710 
1,059.283 

41,977 




•14.045 












112.514 


$500,000 under $1,000,000 


991.918 


Returns With Maximum and Alternative Tax Computation 


55,926 




_ 


















$1,000,000 or more 

Returns With Alternative Tax Computation Only 


47,065 


Under $20,000 

$20,000 under $50,000 


•16.128 
23,732 






$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


336,195 
1,254,947 



■^ which they were based and (t 



Individual Returns/1976 • Tax Computation and Tax Rates 



93 






||gSS5 psi^s 



f,m%m ssmm 



2 m^Hs IsS^"^ 



£ as 5 at 






IP- 



||SS2g 



ff*i 



H 



a 



if 



II 



^ §11-111 |S|.|!.s 



S ?>'t:'~°t:'" S3"-- 



» SsS^is isissi 



a 111111 IP""' 



SgS2«S 



5sft?i2 






IP 



II 






iRlSgg 



g m^Ms iss° 






-■"<»'i322 2S~°'~''' 






55§tgR 
2-KSS5t 



hSS^ss 



g SSiSSJt 3SSS2- 



II 



sM^M 






iliSsS s§ss'^ 



iiji 






SSS=53 



ii 






III 



-I 



siiii iilii. 

1 lilili ii|||i 
" iillll Illlli 



8iil 
ill §§88 I, 

SS8 ggssssi 



gs§s" ssiii 



94 



individual Returns/1976 • Tax Computation and Tax Rates 



ii 



if 



Ii 



Jiff 



il 



si 

if 






























1^1 



8§iii iilli. 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



96 



Table 3.3— Returns With Maximum Tax on Earned Income: Adjusted Gross Income, Earned 
Income Tax Before Credits by Size of Taxable Income 

[All figures are estimates based on samples— money amounts a/e m thousands ol doHars] 



Income, Taxable Income, and 




231,877 
231,877 
90,636 
231,877 
231.877 



231,877 
231,877 
231,877 



1.235,515 
26,176,387 
24,301.100 



396.417 
416.729 
18.840 
397,889 
305,829 



6.130.060 
4.076.7S2 
2.054.278 
180.473 
4.487.230 



115.038 

94,045 
86,649 
7,396 



5.070.221 
5.336.213 
320.272 
5.015.941 
3.992.010 



3,793.398 
3.264.246 
529,152 



1.226,480 

1,133,255 

93,225 



$70,000 under $100,000 




83,703 
83,703 
33.552 
83.703 
83.703 


8.526.912 
8,314.637 
394.099 
7.920.538 
6.957,207 


83.703 
83.703 
83.703 


6.280,964 
4.270236 
2.010728 


69.374 
944 
3,139 

22,315 


676.243 
7.427 
11.157 
657.659 
575.135 
101,107 


83,703 


2.865.896 


83,703 
83,703 
66.445 
22,315 
83.703 


1,810,180 
1.481,497 
328,683 
50,549 
1.005,343 



63.664 
63.664 
23.002 
63.664 
63.664 


9.935,156 
9,116,824 

8.768!246 
8.351.901 


63.664 
63.664 
63.664 


7.061.429 
3.257.202 
3.804.227 


54.454 
3.165 
1.711 
53,519 
52,941 
19,889 


7.860 
1.231.325 


63.664 


3,820,927 


63.664 
63.664 
52.941 
19.889 


1,838,263 

1,130,574 

707,689 

80,617 



13.747 
13.747 
4.484 
13.747 
13.747 


5.459,037 
4.227,498 
153.726 
4.073.772 
4.6S4.1S3 


13.747 
13.747 
13,747 


3^91.430 
702.328 
2.589,102 


12.345 
2.703 
372 
11.857 
12.107 
5.823 


1,402.723 
122.772 
2.666 
1^77^85 
1.332.567 
70.156 


13.747 


2,490,628 


13.747 
13.747 
12.107 
5.823 
13.747 


1,161,091 
243,807 

'J^^7 
1,294,548 



NOTE: (3etail may n 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.4— Returns With Net Gain From Sales of Capital Assets: Gains and Losses by Type, by Size of Adjusted Gross Income, 
and by Selected Types of Tax Computation 

[All figures are estimates based on samples— money amounts are in thousands of dollafs] 







Number of 




Returns with regular tax computation rates only" 








Number of 


Net gain 

trom sales 

of capital 

assets 


Short-term capital gams and losse 


s 


Size of adjusted gross income 


Capital loss carryover 


Net capital gam 
(after carryover) 


Net capital loss 
(after carryover) 






Number of 
returns 


Am^nt 


returns 


Amount 


returns 


Amount 






(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 




Tom 






16,351,28* 


43,626 


173,544 










' 


Under $5000 


849,32 


277,515 


236,239 




•768 


13.263 


11.589 


•496 


•1.57! 






1.020,253 
946,414 
831,738 


953,875 
934,196 
829,016 


1.219,130 
1.737,969 
1.801,397 


•3.364 
•4.308 
5.021 


•2,324 

•11,084 

7,746 


50.565 
48.856 
66.711 


36,489 
56,290 
84,129 


11,611 
19,310 
17,435 


29.13 




$10 000 under $15 000 


t 


$15,000 under $20,000 


1 


$20000 under $25,000 


647,385 


645,586 


1.403,7% 


4,129 


7,10^ 


64.822 


61,319 


18,325 


30.91 




$25,000 under $30,000 




494,197 


1.307,904 




5,465 


54.982 


57.255 


10.661 


10,28 




$30,000 under $50,000 


820,874 


813,727 


3.165,780 


11.876 


61,198 


91.402 


184,137 


33,570 


80,32 




354,955 
68.887 


281,348 
38,653 
7.705 


2.438,037 
1.199,221 
876112 


7,516 
1,711 
382 


43,242 
13,484 
9,261 


44.577 
8.693 
1,709 


85.902 
32.272 


23,939 
4,574 
1,465 


162.341 










1 


$500000 under $1,000,000 


2.765 


979 


421,875 


79 


6,992 


223 


11.309 


27( 


20,62 






989 


346 


543,826 




4.866 




12.111 


121 


14.76 






I 




Returns with regular tax computation rates only-Continued 


- 




Long-lemi capital gams and losses 




Nel long-term capital 
gam in excess of any 






Capital los- 




Net capital gam 


Net capital loss 






cartyover 


(after carryover) 


(after carryover) 




short-term capital loss 






Number of 
returns 


Amount 


Number of 


Amount 


Number of 


Amount 


Number of 


Amoum 






(101 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 




Total 


110,627 


521,407 


5,113.560 

267,506 


31,803,800 

452.492 


39,767 

•3.253 


58,313 

•806 




5,113,560 

267.506 


31^34,38 

450,91 


. 


Under $5000 






8.372 
14.172 
10.796 
17.137 


9.381 
37.997 
27.106 
57.165 


943,516 
912,187 
803,399 
616506 


2,374.283 
3,406.590 
3,474.588 
2,722.967 


•3.601 
•2.169 
4.707 
5.428 


•802 
•1,439 
5,460 
3.551 




943.516 
912.187 
803.399 
616,506 


2,366,88 
3.366,23 
3.445.45 
2.692,05 






















27.560 
20.601 


151,129 
118,080 


787,099 
269,629 
35,397 


6,064,881 
4,744,942 
2,324,459 


9,069 
4,760 
1,747 


10.635 
12.867 
7.995 




787.099 
269,629 
35,397 


5.984,55 
4,582.60 
2.242,62 












$200000 under $500,000 


82t 


29,33: 


7.247 


1.784,000 


272 














149 
52 


13,470 
5,569 


940 


848,400 
1.082,270 




2.036 




940 
335 


1,067;50 




$1,000,000 or more 






Returns witti regular lax computation rates only-Continued 




Size of adjusted gross income 


Lump-sum distributions, 
capital gams portion 


Income subject to tax 


Income tax 
before credits 


Additional tax 
for tax preferences 






Number of 


Amount 


Number of 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Arrx^n, 






(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


(25) 








504 M7 
























277,515 


311,873 


277,515 


47,319 






■5: 


■ 


















































$20,000 under $25,000 


6,606 


68.707 


645,586 


10.028,626 


645.586 


2,114.637 




16,763 


15.54) 
























(1 




















98,74! 

174.14! 


$50,000 under $100,000 


1.58S 


68.877 


281,348 


13,299.475 


281.348 


4.542,045 








$100,000 under $200,000 


232 




38.653 


3.742.04^ 


38.653 


1.684.426 




14.372 


132.681 






6.72; 


7.705 




7.705 








11235; 






















54.37t 




$1,000,000 or more 


3 


333 


346 


465.858 


346 


311.334 




305 


68.61! 


































It 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



97 



Ible 3.4— Returns With Net Gain From Sales of Capital Assets: Gains and Losses by Type, by Size of Adjusted Gross Income, 
Id by Selected Types of Tax Computation— Continued 



estimales based on samples— money i 



thousands ol dollars] 



Capital loss canyover 



,000 under $10,000 , 
O.OOO under $15,000 . 
5,000 under $20,000 . . 
0,000 under $25,000 . . 
5,000 under $30,000 ., 

10.000 under $50,000 . . 
,000 under $100,000 
0.000 under $200,000 
O.OOO under $500,000 
O.OOO under $1,000.00 



628,672 
453.235 
200.405 



40.590 
44.795 
32.410 
9.630 
6.985 



1 long-tenn caprtal gain in excess 



Total 

ider $5,000 

..000 under $10,000 

0,000 under $15,000 .... 
5,000 under $20,000 .... 
0.000 under $25,000 . . . . 
5,000 under $30,000 . . . . 

0.000 under $50,000 ... 
00 under $100,000 ., 
OOO under $200,000 . 
000 under $500,000 . 
000 under $1,000,000 



855.010 
1.248,837 
887,800 
392.678 
653,416 



856,059 
385,276 
646,298 



428,030 
192,638 
323,149 



185.518 
30.309 
12.197 



22,815 
127,027 
242.512 
162.329 
310.952 



(451 
35,S44 



6,801 
6,412 
3,321 



inder$5.000 

i.OOO under $10,000 . 
10,000 under $15,000 
15.000 under $20,000 
»,000 under $25,000 
!5,000 under $30,000 

iO,000 under $50,000 
50,000 under $100,000 
100,000 under $200,001 
200.000 under $500,001 
500,000 under $1,000,0 



5,373,018 
3,074,324 
917,427 
1,102,863 



4,035,531 
3,851,459 
2,058,870 



256,317 
1,052,863 
829,937 



1.834,397 
2.430,068 
1,649,391 
558,266 
720,727 




NOTE Detail may 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.5— All Returns: Adjusted Gross Income and Total Income Tax by Size of Adjusted Gross Income and 
Total Income Tax 

[All figures are estimates based on samples— money j 



Total 

No adjusted gross incomt 
SI under $1,000 
$1,000 under $2,000 
$2,000 under $3,000 
$3,000 under $4,000 
$4,000 under $5,000 , 

$5,000 under $6,000 

$6,000 under $7,000 , 

$7,000 under $8,000 . 

$8,000 under $9,000 , . 

$9,000 under $10,000 .. 

$10,000 under $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 $30,000 . . 
$30,000 under $50,000 , 
$50,000 under $100,000 

$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 



Under $5,000 , 
$5,000 under $10,000 
$10,000 under $15,000 
$15,000 or more 



a4,670,3<9 

546.763 
4.249.194 
5.244.990 
5.031.575 
4.531.521 
4.331.708 

4.634.358 



2.927,598 
2.757,510 
2,730,738 



6,649,622 
3,629,532 
3.639.050 
948.034 



12.572.750 
15.685.379 
19.541.497 



33.515.802 
36.584.869 
37.202,225 
39,599.285 

194.184.453 
147,891,145 
98,784,280 



51,277.317 
145.856.338 
180.687.556 
676,074,476 



8,476,194 
4,285,569 
1.268.055 
1.447,872 



20,249,022 

540.217 
4,248.818 
5.180527 
3.917,728 
1.695.369 
1.544.804 



82.362 
46.867 
38.943 
33.036 
21.241 



17.127.463 
2,757,467 
222,449 
141,643 



2.426.901 
7.666.656 
9.455.380 



1.113.847 
2,836.152 
2,786,904 



3.498,087 
3.595.258 
3.480.254 



25.928.342 
17.534.467 
2.640.237 
3.346.933 



18.148.069 
22.753.344 
26.986.767 
29.557.832 
30.875.860 

32.921.434 
32.974.360 
36.100.256 
36.758.571 
39.292,699 

192.979,947 
147.207.373 

98.308.939 
132.191.711 

62.220.465 

24.110.524 
10.154.184 
"5.554.400 



25,348,974 
128.321.871 
178.047,319 
672.727.543 











Si2 


of lolal income 


lax 










$1 under $50 


$50 under $100 


$100 under $200 


Size of adjusted gross income 


Number 
of 


Adjusted 


income 


Number 

of 
returns 


"^'^: 


Total 
' lax 


Number 
of 


Adjusted 


Total 
lax 




(91 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


Total 


2,082,173 

•102 

30.775 
1.023,285 
289,291 
166,600 

186,341 
163.464 
66.312 
53.967 
27.964 

25.286 
12,261 
10.032 
3.455 
•5.190 

•4:554 
•376 
1,693 

1,510,053 
498,048 
56,224 
17.648 


8,940,426 

•-8.256 

37.573 
2,884.997 
978.058 
741.670 

1.030.137 
1,050.177 
493.934 
457.199 
261.025 

264.026 
139.479 
125.306 
45.828 
•75.542 

191.576 
•97,665 
•10,626 
58.803 
"5,061 

4.634,043 
363.731 


48,523 

675 
20,812 
9,389 

4,328 
4,211 
1,642 
1,346 
641 

544 
330 
168 

•144 

201 
•119 

••1 

34.694 

12.167 

1.255 

406 


1,724,256 

"36 

•15.364 
25.109 
948.779 
166.383 

131.013 
181.405 
115.589 
50.929 
22.879 

21.168 
13.557 
9.597 

4:305 

8.870 
•3.077 
•398 
;458 

•24 

1.155.671 
501.615 
53.826 
12.944 


S,23e,460 

•-1.267 

•23.104 

64.448 

3,117.141 

743.073 

717.193 
1.168.275 
857.986 
437.447 
219.498 

223.044 
154,875 
120.018 
69.173 
63.181 

152.134 
•67.540 
•10,527 
•15,404 
•9.479 

•4,187 

3,946,498 
3.400,398 
630.290 
259.271 


128,798 

•2 

•980 
1.804 
70,000 
12,957 

9,134 
14,003 
9:iB0 
3,701 
1,820 

1.704 
1.078 
744 
388 

: 

•218 
•33 
•29 

•2 

85.743 
37.837 
4.206 
1.010 


3,197,578 

335 

•18.175 

46.907 

1,508,641 

284,784 

354,342 
369,257 
263,206 
122,790 
87.615 

54.878 
27:627 
14.076 
14.102 
9.454 

15.427 
2.236 
•2.976 
309 
•432 

••9 

1.858.842 

1.197,210 

120.137 

21.389 


16,997,124 

-13.379 
•33.125 

1.295.781 

2.429:380 
1.959.854 
1,044.677 
826.847 

576,345 
319,402 
176,535 
190,739 
136.689 

260,205 
49.033 

•77.471 
11.003 

•23.870 

••1.396 

6.996.011 
8.178.426 
1.399.709 
422.979 


47t,6M 




55 














$3 000 under $4 000 


225.145 




40.899 






$6 000 under $7 000 


55.766 




40.198 












8.231 


$11,000 under $12,000 


4,065 




2.088 




1.460 








321 




•541 




45 








"1 




_ 










All returns, summary 


274.342 


$5,000 under $10,000 


17.993 











Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.5— All Returns: Adjusted Gross Income and Total Income Tax by Size of Adjusted Gross Income and 
Total Income Tax— Continued 

[All figures are estimates based on samples— money amounts are in thousands o( dollarsl 



Size of adjusted gioss income 



$300 undei $400 



$400 under $500 






Total 

t9,000 under $10,000 

StO.OOO under $11,000 
S11.000 under $12,000 
[12.000 under $13,000 
tl3.0OO under $14,000 
[14.000 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 $200,000 
1200.000 under $500,000 
[500.000 under $1,000,000 
I1.0O0.OOO or more 

Ml returns, summary: 

Under $5,000 

$5,000 under $10,000 
$10,000 under $15,000 



333.352 
164.201 
116.834 



1.812.230 
1.721.930 
2.495.072 



766.303 
516,137 
285,105 
151,029 
140,641 

271,467 
21,551 
58,083 
26,845 



•4,380 
16,57' 
320,930 



3,545,245 
2,492,964 
2,434,670 



126,546 
70,804 
45,197 
22,403 



29,593 
•3.252 
•2,032 



3,927,744 
1.957.905 
!,446,455 
631.437 



1.942.140 
2.764.569 
2,488.661 



440.442 
87.465 

•67.248 
70.391 



278.707 
15.128.620 
3.207.019 



$600 under $700 



Adiusted 
gross income 
less deficit 



$700 under $800 



Total 

No adiusted gross inco 
$1 under $1,000 
$1,000 under $2,000 . 
$2,000 under $3,000 . 
$3,000 under $4,000 . 
$4,000 under $5,000 . 

$5,000 under $6,000 . 
$6,000 under $7,000 . 
$7,000 under $8,000 , 
$8,000 under $9,000 . 
$9,000 under $10,000 

$10,000 under $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 $30,000 
$30,000 under $50,000 
$50,000 under $100,001 

under $201 
under $50( 
under $1.0 
I or more 

Ml returns, summary 

Under $5,000 

$5,000 under $10,000 
$10,000 under $15,000 
$15,000 or more . 



488.389 
795.223 
358.979 
307.457 



160.699 
113,272 
72,111 



2,170.452 
408.165 
44.931 



5.010.586 

2.7188 

2,618,9 



322,050 
635.618 



15,276,732 
4,723,770 
823,533 



447,672 
197,427 
168,576 



37,657 
864,120 
189,068 



127,637 
88,356 
46,701 
23,217 



•1,567 

1,188,768 

225,667 

24.602 



1.705.747 
541.352 
62.198 



220.578 
5.732,182 
1,428,127 
2,817,915 
2,660,756 



1,106,178 
628,820 
336,249 



•-3.948 
12.859.558 
6.203.256 



23.902 
558.772 
122.233 
215.687 



167.128 
83.869 
57.743 



335.572 

236.550 
139.141 
137.712 
64.831 
39.979 

70.789 
5.501 



5.483.774 
3.104.772 
3.186.206 

2.484.743 
1.593.285 
1.712.598 
872.325 
577.921 



100 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.5— All 
Total Income 

[ All (jgures are eslimali 



Returns: Adjusted Gross Income and Total Income Tax by Size of Adjusted Gross Income 
Tax— Continued 



announls aie m thousands ol ( 



Total 

No adjusted gross incom 

$t under $1.600 

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

$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 $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 $30,000 .. 
$30,000 under $50,000 .. 
$50,000 under $100,000 

$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 
$1,000,000 or more 

All returns, summary 

Under $5,000 

$5,000 under $10,000 . 



13,576 
607,527 
159,888 
287,691 



298.006 
225.193 
130,239 
88,351 
46,512 



3,120,016 
2,576,603 
1,626538 
1.191.835 
670.931 

1.553.701 
223.703 
•50,637 



241,948 
191,025 
124,627 
81,736 



23,955,325 

-15.723 



3.875.866 
2,775.389 
2,386,627 
1.677,721 



17,379 
575,718 
876,264 



693,748 
547,447 
372,733 



59,385,734 

-13,657 



135,567 
5,023,846 
8,222,491 

5,123.364 
6,751.462 
8,645.851 
7,363.841 



1,262.498 
788.301 
106.854 



$1,250 under $1,500 



$1,750 under $2,000 



Total 

No adjusted gross income 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $6,000 

$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 $30,000 ... 
$30,000 under $50,000 . . . . 
$50,000 under $100,000 .. 

$100,000 under $200,000 . 
$200,000 under $500,000 . 
$500,000 under $1,000,000 

All returns, summary 

Under $5,000 

$5,000 under $10,000 ... 
$10,000 under $15,000 . 
$15,000 or more 



742.718 
305.771 
654.681 
589.533 



972.549 
63.786 
8.552 
5.477 



57,494,336 

-13.826 



7.740.799 
3.639.262 
8.212.794 
7.971.092 
8.937.125 



8.049.257 
2.816.854 
6955.173 



1.140.937 
364.877 
823.43 



28.744 
530.361 
248.746 



457.361 
274.902 
"35,297 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



lai 



able 3.5— All Returns: Adjusted Gross Income and Total Income Tax by Size of Adjusted Gross Income and 
otal Income Tax— Continued 

ill figures are estmates based on samples— money amounts are in thousands ol dollars] 



Size of adjusted gross n 



Total 

No adjusted gross income 

$1 under $1,000 

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

$5,000 under $6,000 . , 
$6,000 under $7,000 , - 
$7,000 under $8,000 
$8,000 under $9,000 
$9,000 under $10,000 . 

$10,000 under $1t.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 $30,000 , . 
$30,000 under $50,000 .. 
$50,000 under $100,000 

$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 
$1,000,000 or more 

All returns, summary 
Under $5,000 
$5,000 under $10,000 
$10,000 under $15,000 
$15,000 or more 



Size of total income 



9.104 
21.454 
366.350 



3.257,808 

1.069.522 

58.516 



95,224,935 

-13.387 



1.569.667 
723.443 
131.478 



2.500 under $3,000 



$3,000 under $4.0 



1.623,129 

1.837.456 

227.215 

38.677 



77,604,073 

-17.456 



1,588,155 

-22,713 



5,084.973 
634.747 
108.212 



572.805 
2,640.081 
1.306.901 



10.527.531 
59.945.601 
34.937.774 
5.803.692 
303.140 



Total 

No ad]usted gross income 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 

$8,000 under $9,000 

$9,000 under $10,000 

$10,000 under $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 $30,000 ... 
$30,000 under $50,000 ... 
$50,000 under $100,000 . 

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

All returns, summary 

Under $5,000 

$5,000 under $10,000 .. 
$10,000 under $15,000 
$15,000 or more 

Footnotes at end of table 



$4,000 under $5,000 



65,959,» 

-26.249 



10,606,111 

3,135 



192.271 
10.750.633 
38.763.0 



-25.751 

•390 
55.985.245 



43.154 
1.993,569 
6.303.646 
2,241.811 



65.470 

537.708 

!.561.915 

79.505 



114,966,793 

-37.475 



•■2.476 

•17,640 
•956 

54.941 
1.572.166 
15.227.135 
93.414.150 
4.507.700 



-37.399 
2.074 
21.272 



1,956 

8.973 

21.554.237 



102 Individual Returns/ 1976 • Tax Computation and Tax Rates 

Table 3.5— All Returns: Adjusted Gross Income and Total Income Tax by Size of Adjusted Gross Income and 
Total Income Tax— Continued 

[All figures are estimales based on samples-money amounts are in thousands ol dollafs] 






Size of total income tax— Continued | 




$25,000 under $50,000 


$50,000 Of more | 




ol 


Adiusted 


Total 
income 


Number 


Adiuslcd 
'less deficit* 


inS™ 
tax 




(72) 


(73) 


(74) 




(76) 


(77) 


Total 


24«,323 

189 
"6 

•6 

".? 
•6 
"5 

■40 
•34 
•30 
156 
133.922 

110,605 

1.242 

33 

3 

206 

•31 

•19 

246.065 


24,961,916 

-74.175 
•9 

•25 
"45 

•63 
•163 

"88 

•73 
"70 

•734 
•781 
•814 
5.978 
11,637.880 

13.040.501 
316.968 
19.305 
12.592 

-74.140 
•270 

25,03511' 


9,357,075 

6,384 
•265 
•186 

•233 
"289 

•256 
•508 

"276 

•180 
••167 

•1.231 
•1.098 
•849 
5.204 
3.982.391 

4.307.250 

48.884 

1.318 

104 

7.067 

•1.053 

•625 

8.348.330 


102,544 

106 

"5 

"3 

••3 

3 
•24 

25 
319 

62,055 
34.635 
3.998 
1.349 

102.427 


24,845,657 

-15,730 

••15 
"19 
••35 

52 

•536 

508 

1,048 

26.163 

9.622.151 
9.729,749 
2.664.768 
2.646.323 

-45.715 
"55 

24.891.318 


10,951,064 

11.576 

■'"!? 
.■25, 

"464 

215 
•1.711 
1.515 
2.012 

3.965.639 
4.230,587 
1.266,674 
1.447.743 

12.109 
.■722 

10.938,233 




$?under$1,§or'""" '" 

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






$8,000 under $9,000 






























All returns, summary 
Under $5,000 5 









Tax 



111 

li 



If : i m 



, piiiiiripn 



i ii 



vm 



1 if 



I'll I 

m llliil m'°-' i 



I '«! iilli iP^"l "llil iiii P'"^ i «ii 



I iilii iiiiii iiii- 1 siiiii iiiii iitir I ill 



iiiiiiiiiiiPMiiiiiiiPniii 



liliiiliiliiPniiiiliiiiprHii 

I 



l«iiiiiiiii«iiiiiiirMii 



|i!iiiiiiP^*|iiiiiiP»ili 



: 



ii«fi! !!!!!! !!lli i ill"! Mil 



Sit'l 



ill 



i ill 



104 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



? I^Ssfcs iis?si Sis^KS ? IISskI iiSisi sisSl^s ' sSs^s 

s 'sisig ISsSiff" is"s"?"2'8 § 'SI5=S ISgiig" iis§s"S gs'iSS' 

i SS§SSi siiiSS siisil § §l?Sci sisiSS siisis ' S?S§; 

* sisggi SSiiSS giss"-- s s|||g| gsiggg ggss—- gs-gsg 



I '?S§g§ ?£Sg = F -SS?3: I llSSgg K£Sg2? ^35§?>3: g Sgs|g 



3 'it=§3 sISiia SSI 

8 .'-■p^>'" ~-o>->-~- '• 



'iSii mm^3 SSSSf: g^ |K§|g 



ig s=s^°F sS = -r = 



I?? gg2-S: g 



sgl. 



If i:8S5S igaas: s_ iMM| iigias fgaa; 






igs 



a 'iissS sss~sS iss-"" i '§i2ig ?SS5SSs Igs: -- g 5|S|s 



'igSJI SMS.Ss iftsg-^ 5 'ISiJi iSsP.I iSS— ^ I ii.i.ss 



I 



-??s? ^2s?s§ ^'^'° 



S5Sts cs: 



'" SSi§5 



S ?=?sS§ ?3§Sil llSS§i i ?:?igg ?SiS5i ?liSg= g Fgsii 



g i=°iSS 2lgsSS ?l£fss s i=is5§ sSssSs Ss5i*= S §§SSS 



? ?Sssi$ siSSsg sISSSs i .-s^sis S»isSi IgsssS s isgS§ 
§ ~2ftisg ssasigs ggsstft" g" ■"'sssffi SSSSX3" ggssst g" "sa'Ss" 



ii 



s ^iiSs^ sSs§§~ SssIsS ~ =~eiR2§ Ikksks sIIsss g °9S5§ 

S 3s-gg-S gggSSS SSS>~- =; S5SSS iSSSgg §gK = ~ 5 sfSSS 






2 §/ SiSS §s|gt| xsgsf. § s: g|S| P.St.si gsS~r= I SStsi 



5 f" SS£S! 



S5S2SS =• 






£ 

If 



i2 1. 



iii 

ass 



ll llllll. i.liils; 



iiiil iiiiii illiii 

ssas": rTTTtrt? ""^sss^ 



ill 



iiilli 



n 

jl 



Iff 

St? 

pi 

iii 



Individual Returns/ 1976 • Tax Computation and Tax Rates 

Table 3.7-Returns With Earned Income Credit: Earned Income by Type and Credit Before and Atter Phaseout, by Size of 
Adjusted Gross Income 

samplesi-money amounls are in thousands ol dollarsl ^^^^^^^^^^^^^ 



105 



[All figures ate eslimales based ( 



I adjusted gross income 



Sae ol adiusted gross i 



Size ol adjusted gross i 



$1 under $1,000 

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

$4,000 under $5,000 
$5,000 under $6,000 
$6,000 under $7,000 



Total 

No adiusted gross income 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 
$7,000 under $8,000 



55.794 
312.322 
538,577 



Total 

No adjusted gross income 
$1 under $1,000 
$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 
$7,000 under $8,000 



Earned incoirw-Continued 



449.743 
441.346 
521,195 



373.124 
499,377 



212,306 
232.268 
321.364 



167,27 
B29.835 
1.542,328 
2.600,329 



30,209,913 

127.916 
211,795 
843,756 
1.487.506 
2,495,292 

4,024.118 
5,757,096 
7,442.091 
7.820.243 



37,566 
287,267 
503,859 
561.390 
682,748 



996,767 
1,112.209 
1.010.282 



76,348 
186.036 
810.165 
1.399,041 
2,258,147 

3.656,770 
5.313,843 
7,008.291 
7.302,233 



869,171 
850.356 
514,881 
177.371 



935,051 

5.679 



244,968 
166.418 
57.586 



3.018,246 

12,776 



704,570 

29.642 



125.410 
132,068 
101,339 
59.189 



26.152 
290.300 
490,359 



74,291 
129,747 
192,030 



8,748 
96,475 
254.302 



•Estimate stiould be used » 



106 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



Table 3.8— Returns With Tax Preferences: Selected Sources of Income, Tax Items, Tax Preferences, and Computation of 
Additional Tax for Tax Preferences by Size of Adjusted Gross Income 

[Ail Agues are sstimales based on samples— money amounts are in thousands of dollarsl 



$10,000 under $15,000 .... 
$16,000 under $20,000 .... 
$20,000 undei $30,000 .... 
$30,000 under $50,000 .... 

$50,000 under $100,000 .. 
$100,000 under $200,000 . 
$200,000 under $500,000 . 
$500,000 under $1,000,000 



Size of adjusted gross li 



ToW 

No adjusted gross income 

$1 under $10,000 

$10,000 under $15,000 ... 
$15,000 under $20,000 ... 
$20,000 under $30,000 ... 
$30,000 under $50,000 ... 

$50,000 under $100,000 .. 
$100,000 under $200,000 . 
$200,000 under $500,000 , 
$500,000 under $1,000,000 



5.873,599 
4,683.125 
1,785,781 
2.178, 



18.649 
35,578 
66,898 



265,607 
550,737 
1.177.830 

1.852.922 
1,538,528 
1,279,113 



57,054 
32,517 
12,574 
2.047 



217,503 
132,402 
51,51 



23,687 
12,357 
4,738 



57.813 
120.481 
431.363 

761.665 
589.543 
401.671 
141.137 
137.564 



$1 under $10,000 

$10,000 under $15,000 .... 
$15,000 under $20,000 ... 
$20,000 under $30,000 .... 
$30,000 under $50,000 .... 

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

II «x) of taMe 



62,359 
34,804 
13,105 
2,159 



405.202 
404,765 
279.716 
104.585 
96.643 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



107 



rable 3.8— Returns With Tax Preferences: Selected Sources of Income, Tax Items, Tax Preferences, and Computation of 
Additional Tax for Tax Preferences by Size of Adjusted Gross Income— Continued 

All figures a/e astmales based on samples— mooey amounis aie in IhousaiKls ol dollafs| 



I tax lot tax pceletances 



No adjusted gross income 

J1 under $10,000 

JIO.OOO undet $15,000 .,,. 
515.000 undet $20,000 .... 
$20,000 undei $30,000 . . . 
$30,000 undef $50,000 .... 

$50,000 undet $100,000 .. 
$100,000 undei $200,000 . 
$200,000 under $500,000 . 
$500,000 under $1,000,000 



82,337 
42,861 
15,990 
2,622 



1,467,527 
1,947,660 
1,873,516 



2,338,272 
2,096,585 
1,795,217 
854.429 



11,667 
17,063 
34,885 
63,331 

72.094 
36.115 
13,518 
2.246 



Sae ol adjusted gross ii 



Computatiori ol additiona) tax lor tax proleronces-Continued 



Other tax prelerences 



Standard exdusion 



No adjusted gross iiKom 

$1 under $10,000 

$10,000 under $15,000 .. 
$15,000 under $20,000 .. 
$20,000 under $30,000 .. 
$30,000 under $50,000 . . 

$50,000 undet $100,000 
$100,000 undet $200,000 
$200,000 undet $500,000 



■107? 


196,926 


1453 


22.28C 






5600 


60.776 


9499 


80.097 


18,346 


192.813 


34 463 


467,856 


23 793 


539,64S 


10,161 


494,296 


1,745 


213.071 





97,867 




75.736 


11 9R? 


103.942 


19.080 


173,743 




379,059 


66,732 


646,820 


mm 


859.311 




816.434 






?6S5 


294.317 




376.261 



19,079 
40.606 
68.731 



38.657 
15,490 
2,576 



Total 

No adjusted gross inconu 

$1 undet $10,000 

$10,000 under $15,000 .. 
$15,000 under $20,000 .. 
$20,000 under $30,000 . . 
$30,000 under $50,000 . . 

$50,000 under $100,000 
$100,000 undet $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 



28,120 
38.657 
15.487 
2,575 



329.864 
764.355 
675.595 
292.456 
375,073 



9060 


486,524 


7,035 






106.324 


16490 


174.255 


36 00? 


269.368 


62,339 


728.442 


71817 


1.478.960 


?Km 


1.280,150 


906(1 


1,111.119 




560.112 


656 


733.546 



15.476 
34,590 
62,252 



220,768 
191.922 
166.557 
83.937 



■Esbmate should b 



K ol sample returns o 



i 



1 8 



i piiii sii-iii liiiis I m%m mm hiih i iiiii 



T 



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o 

1 



I 



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ill 111 



Individual Returns/ 1976 . Ta 



w 



iim- 



Tir 



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Pi 



J 



TW 



I 1 1 1 II 



TTT 



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ii li li i mill ii II i- Pill 

lllili ililll f lllil lllili illlii I jtllii 



no 



Returns/1976 -Tax 



I £S8S«' ?"??§ l!Sap« 5 'F'" r^i'?! «68|S« ! .5if?| 



I piisi HUES 115*=' I miii mm mr' i iiiii 
I iliiil iillli ilP^ I i^iiii iiiil ilip- I 



111 



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litlli il§"-^^ I *^?lt-ll lillil ^iW" 



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Individual Returns/ 1976 • Tax Computation and Tax Rates 



111 















ji 









s35g^ 









5? ~" I 















ps|i|-= 






s?gl S' »" 



s Ssi^.S 



R3S§|S 



is is 11 









5.i.|as| IIP/ I 



























KggSSS 



X.g.S.SR.i 



3SgS!;| 









iS5? i 






2sSS5§ 



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II 









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s aiSIIJ 



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I'gSggl Kg* 



S SB 



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a.S?S£.8 

asSssi 



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g"S"=S 



I' 
h 



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ii 



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ll 

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ii 
If 

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112 



Individual Returns/ 1976 • Tax Computation and Tax Rates 





— 1 


Number 
of 


Total tax 
liability 




1 Taxwithhekl 


Size o( lax due 


at time 
ol liBng 


Number 

ol 
returns 


Anx^nt 




(1) 


(2) 


(31 


(4) 


(5| 


Tom 


16,930,514 




64,407,132 






11,399,234 


32,4*0,715 


$50 under $75 
$75 under $100 
$100 under $125 


1,135,313 
1,202,268 
1,006.223 
842,422 
755.298 




1.622.629 
1.618,020 
1,456,412 
1.373,844 
1,276,617 


13.653 
43.699 
61,921 
72,890 
84,374 




626,501 
814,415 
649,589 
568,977 
551.900 


1,389,498 
1,376,224 
1,205,403 
1,143,873 
1,058,624 


$125 under S150 
$150 under $200 


716.488 
1.209,316 
1.928,115 
1.258,814 




1,279.494 
2,301.228 
4,103.592 
3,324,960 


97,798 
210,685 
478.118 
436.420 




480,744 
849,633 
1.381,704 
933,755 


1,009,753 
1,799,210 
3,093,822 
2,383,042 


$400 under $500 
$600 under $1 000 
$1,000 under $1 500 
$1,500 or more 


2,K 
1,059,585 
2.232,074 




2,803,318 
9,135,600 
4,884.650 
29.226,769 


436,730 
1.845,837 
1,286,749 
12,414,754 




702,266 
1.816,072 

660,844 
1,162,834 


1,965,108 
5,653,399 
2565,984 
7,816,774 




Estimated tax payments 


All other laxpayments' 


Size ol Ux due 


ol 


Amount 


Number 


Amount 




(6) 


(71 


(8) 


(9) 




3.M3.>S8 

202,612 
199.679 
177,902 


13,7««,268 

193.626 

148,744 
127,154 




1,376,083 

38,340 
48,801 
51,189 
51,505 
26,293 




664,521 


$50 under $75 
$10o"llSir'$t25 


25,851 
10,566 
12,911 
S,338 
6,464 


$125 under $150 
$300 under $400 


140,329 
271,302 


165,037 
280,077 
505,955 
483:i97 




30,533 
79,689 
89,716 
75,120 




6,906 
22,300 


$400 under $500 

$%t3efr«x, 

$1,500 or more 


317,323 
959,709 


376,053 
1,564,585 

983.006 
8.605.126 




57,719 
260,173 




??:*77l 

48,910 
390,115 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



113 



Table 3.11— Returns With Tax Overpayment: Tax Overpayment by Size 

jfes are estimales based on samples— money amounts are in thousands ol dollarsl 





Number ol 


Toul tax 
Irabrlily 


Overpayment 


Sae of lax ovetpaymeni 


Total 


.^ 


O9diton1977 
estimated tax 




^^°' 


Amount 


Number of 
returns 


Amount 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


Totll 


M,»76,027 
2,779.462 

2;458;690 
2.480,712 

5!069i436 

6.111,062 
13,039,159 
3.676,687 
2.621,587 


•1,160,M1 

1.707.030 
1.697.624 
1.645.537 
1.817.925 
1,942.901 

2.071,854 
4,200.465 
9.605.615 
8.525.412 

7.632,390 
19,749,596 

8,104,024 
12.260.507 


31,304,595 

34,330 
99,009 
162,799 
213.784 
277.373 

351.275 
883.926 
2,630.656 
2.892.635 

2,722,589 
7,562,076 


63,019,071 

2,647,157 
2,580,299 
2,512,140 
2,362,923 
2,384.606 

2,459,685 
4,925,587 
10,323,181 
6.156,635 

6,009,054 
12,734,025 
3,553,977 
2,389,802 


29,192,153 

32,646 
94,155 
155,685 
205,144 
265,513 

336,881 
856,166 
2,573,521 
2:822,622 

2,667,310 
9,792,427 
4,224,588 
6:i65,514 


2,531,755 

140.355 
133.082 
117,206 
100,582 
112,265 

106,877 
166,739 
247,653 
220,284 

140,190 
440.142 
194,832 
411,348 


2,112,443 






$25 undet $50 


4:854 


$50 under $75 


7,134 


$75 under $100 


9640 




11860 






$150 undef $200 


27,761 


$200 unde< $300 


57136 


$300 under $400 


70,013 

55,279 
265 763 


$500 under $1 000 






$1,500 or more 


1,396:562 














Tax««1t>heW 


Estimated tax payments 


All other taxpayments' 


Size of tax ovetpaymeni 


Number of 


Amount 


Number of 


Amount 


"SS^"' 


Amount 







(8) 


(91 


(101 


(It) 


(12) 


(13) 


Total 

$1 under $25 


61461,044 

2,548,n5 
2,404,849 
2,356,606 
2.264.528 
2,300.341 

2,389,487 
4,846,877 
10,102.274 
8,039.702 

5,982.813 
12,710,011 
3.544.584 
2.370.197 


99,575,415 

1,518.458 
1,590,000 
1,753,355 
1,839.674 
2.024,735 

2.187,889 
4.718,864 
11,510,063 
10,721,912 

9,764.829 
26.772.223 
11,473,210 
13,700,204 


3,M1,S67 

218,061 
221.212 
229,138 
158.080 
186.162 

168.569 
278.690 
429.592 
332.388 

231.448 
650.220 


10,630,751 

195,986 
188:i99 
231,704 
172.548 
179,409 

206.560 
319.036 
573.323 
484.867 

409,636 
1,511,834 

918,877 
5,438,772 


2^9,274 

77.318 
72.004 
60.939 
59.241 
59.742 

53.640 
86.558 
169.694 
145.217 

143,849 
563.163 
385,678 
492:231 


1,124,259 

26,207 




17:639 


$75 undef $100 . . 


9,841 


$100 undet $125 


8 531 






$150 under $200 


23,405 


$200 under $300 


39921 






$400 under $500 

$500 under $1 000 


35,439 
118443 















5 social secunty tax withheld, c 



NOTE: Detail may not a< 



114 



ill 



Individual Returns/1976 • Tax Computation and Tax Rates 

s mkm liiss msm. ^Mm sp.ss §§585 mmt siip. m.mm 

« Sielis §ifts^ ssisS is'is §S~I5 ssSS° "l"'"g •="g'=s- gg^asj 

S IHSg. §s.is| S.|".|i s.pil s|ig.| ||||S 5||.p. 3|.ii.| §.i.||S| 

i" ?fs5S 8sss? IsSfe? SS?ss gs^S§ Ssls^ ^k§°s "s'I' si'SiS 

I S5"?"5''" K"2S-'2 S'"'r"~ S- S -- "■'"" "■■"■'-■» ~~ -- -■ - 

e ^s^s^ SSgis 51i5S S§S55 Sl~2| gsisg 111=1 ISgls SSSiS? 

g' ge'is'S Sails =gS§l ?i^'s"S is'^'il iiss- -ir'? ~"5~£~' Ka--sga 

s SSES" a:=s-'- a"2~- «.,<-,-- 

5 -SSJS SSSSS 5§SS| SssSs iSsIs sSsIs assS^ SsSSS ^SliSs 

S o'S5" SSSSa 555^5 SSSgS SgS|5 as^sa ISsas ssssl SsiSSS 

1 $g5§t g5i*s §t?ss Isili sg=IS siaii 3i§ai SISti isglsi 

§ ^M^k s'gsSs si'sis §i»"s§ i'S'S3 fi'gi- ""Eri °"i~"s°" is~"iss 

2 sisSsS iisis aisSs ssSSi ssssl siSsi §kSSs ^sssS iisSs? 

g tmt pv-i ppf ss-'i' §s"s's t"i-"s" "'Is ?■ ~"-'i" ^^--s?! 

a ^Isis SssiS sissi ssss". Siiis i^.ssS sisij. s|5.as ssiisS 

s ss|rS aaSis s.5.l5i |§"|S l^'^J- |^.s§' '||"| "5~|° s|^is| 

s K^.al? ?5Kss ils^.K iissS l§?S| ssisi si §5 1 §iSsi 3.?.||§s 

« ScxjSC^S SuiScneo SSSS^ csjcnj""^^ SS "to e^oj^m SS Ri oj n ■^^ c\j_ 

fe -"-"-■'-■ gj"2 ~ i-'-' ' ~ -- - 

1 SI§SS SiSii £§is8 iSctS ssiSs sSSss Sisss Ssisi issSis 

i s'iiSS" s'ssSi" ssss'g ssisS Sk§s~ s^'SI" 55s"§ sssgs ggsggg 

g ^„^«,„ £tS"t ^SS""^ S' S~ -^ o~ «2 ' o^- ^ 

3 s?sii is2§? 2s£?s Stssi sgas? iiss" s?sss llsiS g=is§S 

5 ||:s;s|: iiiii iiiii ||i|| s|:ss| mii* mi^ ^s^%^ %i^^s% 

t ?is85 Sgggg ggSgS |?|SB llllg S|S|2 fegS|S SJSS2 SSSSSf 

S §Mg§S IeIss IIrcS ?I=|~ gS'ii ss--" "i5 s s s st ^'s. 



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III 

^ IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII mill 

JE£t2 SKSISS SRSas SSSSS S§55!« SSSSK KSKSS S85SS SSSSSS 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



115 



llf 



li« 



II 



SS?? ' s's'' 5'$'' s''r' i''5i §cSS ' 'Ec'S 'a'§' si'ssS 



I ISSS ' i ' K ' ' i ' ? " 5 " i ' s " Si iSSS ' ' =.§ ' s ' f ' i ' li ' Sii 



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i g gS iisi Ks ? g I si §§«; 



S iisi' fc't'' s'S" E"§' s''sg Ills' '§5's 'i'l' ^S'iSs 



lif 



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III 



2 8~ saas sS s s s ss §5« 









2s 8 



's'i 

i: s 






lt 



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K 11:= I s I isp; gsss 



s' SS s-|5 






«5'§is 
g's" ss* 






S' 'Is 






's.?'£. 'S.'S' 



II 'SSs 



i aSss ' i's'' i'i'' g''i 
i siis" = 5 § 3 I £ 



III! ' 



'il's 
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'i'g 



II 



s ' S " i " S ' I " §i 






ss '8Ss 

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}i! 



s nil' I'I' ' i'g' ' i' 'I' 
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i~?i' 



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§!§§§ §§§§§ §§§ii §§§§§ §§§§§ i§§§§ 8§1§§ ii§is§ 
LiiiR imt iii&iL ^i&ii itkkk iitki iim iitttt. 

JSiSiSS SSSas SSSSS SS55i« SSSSS aSSSS SSSSS SSSSSR 



116 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



« «?ss' I'S" ?'l" i"l' 8"s5 ii~" '§i'S '§'S' 5S'2SI 



li^ 



s S§sg' s's" S'i" 5''S' 5"5s i»§ " 'Ss'i '§'§' S§'gi§ 



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S sip: S s" M i ii" £ s sa =•-■ 



§s'sll 



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a s sa ssR s§ 



saa Ria s s s ss sss 



5. ISP.' I's" §'i" S"?' i"s5 »Sp" 'ife's 's'S' sJ'SP. 



;i 



•h 



I ISM |II5_I S_l lgS_ g_ggl I Igglg If IS I pigSg, 






R sgSS' s's" S'S" ^"S' s"l« ?»fe" 'iff 'S's' ^I'siS 



w i^Qor^i at I •- I I ^|<D|| 3l|e^l ellS<^ SCSI I IS'^t^ Ifflisi **s;l'''I^S 
S SSSS ' S'g'' S's'' S''S' 5''Ss SSS ' ' 'Ss's '8'S' 5S'S5S 



S 3?Ss' s'i'' i'i" i''s' ?''ag Ssg ' ' 'Ss'5 'i'i' i^'sKS 






1 ^ 

If 

1^ 



il 
If 

II 



HI 



SSSS' i'g" ~'§" »"«' §"ii ;ss" 'ii'? 'S'l' SS'lsI 



aSgS § 



^ ssSs' §'fe' ' g's' ' s' '§' s' 'Sg 11?' ' 'as 
s 85SS I g" g 5 s s s ee """- 



ti 



II 

III 

Hill nil! mil Hill Hill Hill Hill Hill HUH 

jsests ssaas sssas sssss ss;5is sssss aasss sssss ss&sss 



Individual Returns/ 1976 • Tax Computation and Tax Rates 



117 



li'= 



if 



s SSg2' Sg"S Sg'§S 'S'§5 '§"5 'Sis' "i" '§'g' 



\s, ' ill 



5 55Sg' il' 'i is'Ss 'i'Sg '2' 's 'sis 
s sst5 p. 5 M Ss S; Ik i i §?S 



S S 



si 'sSs 



§iiJ' iS' 'g §i'gi '§'51 '°' 's 'gs? 



35 '5ss 



lit 



•!• 



Is 

0) s 

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f 



II 



III 



sa s as a a sss 



i s§s? ' si''s fS'Ss 's'5s '§''§ 'iiS 



's'S' 



Is ' ill 



e =kSs' Ss' 'S sS'sS 'i'Si 'I' 'S 'Ssg 



I -.||S. ' si ' ' f a.| ' §1 ' S ' |.8. ' I 



i|i|i 



IS'xii 

2S KSS 



8 ^SsS ' sS''2 S5'=s '§'ii 15' '§ 'SSi 



IS l« I 

s" s 



!r ' sis 

35 fS 



5 ?SiS ' Si' '2 is'ss 's'sS 's''g 'sSS 



sS'il? 



§ «gsl' Si' '? SS'sg 'c'is 's' 'S '§5i 
^' |||S: S|: I II II I II I I |-'f 



'!'§' 



S£'S5§ 
S3 is'5 



S issS' 51' 'g ll'Si 's'is 'I' 's '§Ss 



'S'l' p.'p.i 



B E 



88 888888 



§§§§ 8§888 §8§§8 sllsi l8§§8 lisSS slsll 88888 888: 

Kis.^ ^la&i iiia^ m^k kk^ki ^kkik kkkki ^k&kk iKk^k^ 

5s SSSSS S§55i« 5SSSS SSSSS SgsSS SSSSSR 



2S2t2 SsSiS; 



118 



IP 



Individual Returns/1976 • Tax Computation and Tax Rates 

5 S'§'§ I 'Is' isS'i S'gs§ "?IS ^'iS5 g'sSS f'IP. IPSIS 



Ji 



li^ 



% s'g's s'iS' ail's s'§5l "!§§ £'??S ='8«S 3'5is Ssigss 
- i' 1' S i si' isft" §" ? ^'?'°' *""""' ^' "'a*^' '^" "°"* ^ '""'' -- = = "'= 



11 



S S's's S'ii' siS's i'sSs ' '§§? s 
I I I I I si Mi 2 i f=«' s~^ ' 



'Pa s'iSS i'lH ills si 



IIJ 



ssia SRis a SS5 a sas 5 »35 «s5s?j;s 



III 



!£S SS8 si ass 8 SSS S SSS SftSSSS 



g I ' I ' t I ' g| ' i|| 'I I ' III 



iss giSSi 3'8Sg S'ili §Sssl: 



4i 



II 



W 



I's'g S'ai' iSi'i §'2i£ ' 'Sss i'sll I'ssI S's5g SiSiii 



8 I's'g S'ai 
I S S R S SS 



s 5'g's i'Si' ?§§'! i'isS ''55£ i'si§ S'^ii s'^ss ^slgSs 



3 g l§ IS 
i" S § i" 



S'sS' sgl's S'sgi "?is S's§8 i'Ssi §'SSi ii?siq 



s g'S'? g'Si' Ssl's S 
s ^' g 5 S §S Ur S =" 



.... "§£§ s'S^i §i§sg iiiii iiSJH 

= |§g 55E S S;S5 S gas 8 SsS SSSSSS 



g 1 8 1 1 s I ffi| I isi I g g 1 115 I I IIS s 1 |Ks c I gs5 i ' siS SSiiSs 



g i 15 IIS = i s"li s'a's' § ?"?"« s" ^^^'S 



8 KSS SSSSE 



i! 

li 



i 

c 

I 



11 



2 s'I'S S'sS' III'? I'll! "IP I 'PP. I 'PI S'^^i SSgStI 

I § S S R lis SS" ' ~ ^°" 



I 



Iff 

III 

^ IIIII run Hill mil inii lini inri inii rrnri 

3«!st- 2siaRS assas saass ssss^s ssass sssss sssss ssssss 



ft! 



and Tax Rates 



m I 



■5 



51! g 



it 



1 



.«l! i 



I, 



ii 






iS 



III 



^L 



Ii 



flit 



■wiiiililiiiliiiP" 
WlililpP 



^liliiiiiipp^ 



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IF 



iiiiiliii 
Miiifiifpiii^ 



Wlllili 






^«i Iiiiiliii 



^giiiliiiiii 
iiiiiiiiPi- 



Ills 



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Ii 



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,!i|l Pill iiiii 

J il!i!iliiI!iltlmi^t}• 



I 

I 



119 



lliliillplii"^ 



Willi pi P^ 



?iiii|illis»'= 



IP^ 



llilpp^ 



liiiiliipp 



iiiiiiiiiliiiP 






Wiiliipp 



wiiiiipp 



illlilP^ 



'^11111111111111*58"= 



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1 1iiiiliii PI i- 



Jill ill! iiiii iiiii .,- 
'lllfiftltllllllllll I 



120 



Returns/ 1976 • Tax 





4! si " " ' 


P|E|||pi||| 






32 percent 
Income 
subjecl 

(51) 
18,712,841 


wiiPiiP 


40 percent 

subject 
to lax 

(69) 

1,059,234 

- 

154.465 
603,340 
231,742 
53,176 
13,656 
2.02C 




ji«i 


piiiiilliiP 


ii.i W-" 




I," ~ 


1 ' " '" '~§SfgssSS§ 


4:»i mm 




31 percent 
Income 
subecl 
to tax 

(48) 
2,431,834 


iiiif "'""" 


|ii?,i mm 




iMi 


'''llplliP^ 






4i^l 


1 1 ' SfesSlsiiaS 




I 


lm4 


5||iiilP| 


38 percent 

subject 
to lax 

(63) 

835,708 

42,423 

229,047 

378,065 

144,026 

32,287 

8.171 

1.212 

478 


ii^t 


PililiP^^ } 


ji g| iiiiii*« 


41^1 


I'll sisbs ismi mm * 


4|g| "51111 IPS 


28 percent 
Income 
subject 

(42) 
31,656,118 




36 percent 
Income 
subject 
to tax 

(60) 
12,785,385 

•29 

7.776 

143.334 

276.796 

385,700 

7.547,368 

3.568,753 

700,563 

135,530 

14.721 

4.815 




Number ol 
returns 

(41) 
10,522,958 




■S S M 1 M 1 1 IS^ S£S!Sg SSiS5 




3|!il 




,|i gl '"" '1|IP-^ 




im4 


'S|.5S|.p.»|. IIP 


35 percent 
Income 
subject 
10 lax 

(57) 
136,160 

•7 
27,823 
73:815 
27.275 
5.656 
1,324 
200 
60 




Number of 

(38) 
3,792,640 


'"" 'IS|ilSI°.|s,g.§S 


o„ i M 1 1 1 aggsaisg 

II 1 fc ~s= -• 




S. S MM 1 




,jig| ' i||||iP= 


I 


|i««l 


23,152 

46,138 

219,894 

740,572 

1.138,649 

1.266,945 

1,131,346 

7,842,391 

18,142,629 

13,513.744 

13,930.239 

3,614.662 

702.869 

135,837 

14,736 

4,826 


34 percent 
Income 
subject 
to lax 

(54) 
1,475,048 

28.213 

579.091 

351,458 

362.455 

118,836 

26,716 

6,648 

1.012 

418 


£ 


Number of 
returns 

(35) 
23,113,134 


1 ' 'SigsSss 5i55s°§is 


B„ S Ill |g§g^ gS^g 


i 

1 
f 

i 

5 


Size of adjusted gross income 

ToW 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under KOOO 

$4,000 under $5,000 


$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 $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


i M M M M M M M M M M M N 1 

" ::::::::::::::::::::::::: 

i lilt itifiiii mil 1 

Iliillilii Hill iili ill 





Indlvl 

s4!il 


dual Returns/ 1976 • Tax Computation and Tax P 

nm 4||9 


ates 




flHsl 


5IIP tiiiii 


1 Mill 1 1 1 Ig go£S 




'ii.i 


^^ iii^ 


IpSS 




rM 


mm 4iii 


1 1 1 1 1 1 1 1 Ig5 ogSg 




tiBsi 


IF liiHi 


KS |5SS 




'jfil 


Slip iiii 


1 1 1 1 1 1 1 1 lll g^gg 




4i«l 


«S!iK 4!ii 


-2 g£~' 


3 

1 


Income 
subject 
to lax 

(81) 

J,4«2,0M 


^wp'lliB*! 




B 1 1 M 1 1 1 1 1 1 1 


'MilP} iiil 


' ' ' ' " ' ' 'PUP 




mmi 4tsi 


1 1 1 11 1 i 1 IKS |"SS 


45 percent 
Income 
subject 
to tax 

(78) 
5.40*^1 


^liPlliijii 


mm^^ 




Number ol 

(77) 
1,4««,7M 


HiipB J|,l 


" " IIP- 




^ ~ 1 1 1 1 1 1 1 1 1 1 

4l « i 


«illP 4l«^ 


'11 BS^^ 




c S 1 1 II 1 1 M 1 1 


mti.mi ifj, 5 


II Mill II IgS SS^" 




B S 1 1 1 1 1 1 1 1 1 1 


ilsJEsSSia ». a " 

.-=-0 jS--- jl S * 


11 P-- 




4igi 


'^^'" i4isi 


' 1 "III II i|Ri;is 


1 


41 percent 
Income 
subject 

M,Me 


ms^' lili,| 


11 1 1 1 1 1 1 1 ISS S532 




IM^ 


m^'' III ii 


' " issisp 


! 

1 
f 

s 

1 

5 


1 1 
1 i 

I 1 


$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 $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Soe ol adjusted gross income 

Total 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under KOOO 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 


iiliiliiiilii 

llHIItiillljjjj 



121 



122 







Mill 1 1 1 1 1 II 


"S.|lss 


s|i f 1 " 


M Mill 1 II 1 1 ^gg| 




63 percent 
Income 
subject 
10 tax 

(123) 
14,652 


Mill Mill II 


lllglll 


70 percent 
Income 

(141) 
3.773,827 


Ml gggg 




Number ol 

(122) 
2,373 


Mill 1 1 II 1 II 


1 1 5 ps^ 


Number ol 

(140) 
28,749 


1 ' 1 |||s 




4iil 


II 


85.925 
459.048 

27.635 
10.558 


Tax 
generated 

(139) 
280,632 


^m 




Income 
subiect 

(120) 
1,268,084 


II II II II 1 II 


138,589 
740,400 
327,494 
44,572 
17,029 


69 percent 
Income 
subject 

(138) 
406,713 


M Mill "".a||i| 




Number ol 

(119) 
115,568 


1 1 1 1 II II 1 II 


' '|ilP 


Number ol 

(137) 
30,525 


II Mill M 1 1 p |||| 


1 


,|iji 




ii|||.£S 


Tax 
generated 

(136) 
353339 


""ilEp 


i 

1 1 

< I 


61 percent 
Income 
subject 

(117) 
14,443 

- 


MM Mill II 


' '!-lp* 


66 percent 
Income 
subgct 

(135) 
518,910 


"" "Illll 


Number of 
retums 

(116) 
2,960 


1 II 1 Mill II 


i 


Number ol 
retums 

(134) 
39,958 


II Mill M Mg ggll 


SIMM 


1 1 1 1 Mill II 


•37 
95.955 
413.833 
113.879 
15.725 
6.032 


Tax 

(133) 
8,795 


M Illll Mill ||Sg 


E S M M 1 


II II Mill M 


•62 
159.925 
669,722 
189,799 
26,208 
10,054 

Tax oe 


67 percent 
Income 
subject 

(132) 
14,619 


" ' " IPi 


1 


Number ol 

(113) 
144,300 


II II Mill II 


nm 


iii^ 


II Mill Illll 5^S9!£ 


>. 


Tax 
generated 
at rale 

(112) 

•■'! 


II II II II 1 II 


"iip^ 


4!^^' 


1, Mill IIM|gp| 
2SgS = 


1 


tllJI^ 


II II II II 1 II 


"IIP* 


66 percent 

(129) 
688,049 


'"aP.ii 




Number ol 

(110) 
2,868 


II II Mill M 


iigps^ 


Number ol 

(128) 
53,737 


Illll 1 


4h^ 


II II Mill 1 1 


'^IIP 


Tax 
generated 
at rate 

(127) 

S«7,((97 


iiiiii 


fi 


58 percent 
Income 
subject 

(108) 
1,211,742 


Mil Mill M 


819.937 

173.695 

24.223 

9.156 


E g 

IflJI.- 


II Ills |i.2|. 1 


Number ol 

(107) 
148,918 


II II Mill II 




Number ol 

(125) 
75,208 


"I-IIP ll 


« ° 


i MMM 
1 M ::^ 

] ■■ MM 

i lillll 
"111 




1 iMMMN 
1 |mmMN 

I 1 pill ill 

liiil iil 


|i||i|iii}}P jj 


II 
ii 
u 


liiil iiiiii 
iiiiiiiilii 


$30^000 under $50;000 ..'.'.'.'. 
$50,000 under $100,000 , ,. 
$100,000 under $200,000 .. 
$200,000 under $500,000 ., 
$500,000 under $1,000,000 . 
$1,000,000 or more 



Returns/ 1976 • Tax 





sum P.i.ii s.sis ^. s " ' 'SI5S mm 


16 percent 
Income 

(12) 
36,06«,71« 

22.487 
373.391 
697.614 
1.267.396 
144A:1K7 


P.SP. SiP.H SP.S i lis . 5- l|i| p-i'- 


-. ^ "" 'SSISP.ii 


BS inconw 

Number ol 
returns 

(11) 

122.516 
628.304 
1.173.494 
1.369.665 
1 515 f 1.1 


663.664 
897.465 
863.555 
020.195 
109.268 

3%,963 
868,119 
167,600 
31,892 
3,366 
1,073 

Numbe 
(26 

2,40. 
3,06 
3,33 

86. 

16 
3 


irated 
H8,475 

•84 

27.300 
33,951 
53.976 
64.654 
!64,921 
67.328 
31.831 
3.362 
1,070 


1 ^ SMM§p = gg 


61,377 
50,945 

5.725 
91.018 
33.411 
D7.222 
J4.193 
36.363 
39.546 

0.219 
25.143 

4.784 
505 
161 

T 
gen< 
al 

12, 

1. 
4. 


1 2 
5 2 
3 2 

2 2 

3 3 
1.31 
3 91 
5 51 

25 percent 
Income 
subject 
to tax 

(21) 
51,793,895 

•334 

4,109,197 

16,935,800 

13,015,903 

13.458,616 

3,459,684 

669.310 

127,324 

13,448 

4:279 


• t|||l .1 siiiii 


HiS§ =§sii »""""■-■ ^, S ' 1 1 M 5 1 |S||g |§gg 


Taxge 

Number ol 
returns 

(8) 
38,681,403 

117.207 
623.426 
1.175.859 
1,442.707 
1.473.220 
1 587 437 


1.759.372 
1.679.264 
1,909,356 
1,876,311 
2,023,876 
9117,862 
6026,626 
3,375,774 
3,396.983 
868.136 
167.646 
31.899 

i!o7: 

ale-Continued 

Tax 
generated 
at rate 

(22) 

18,474,557 

6,944 

92,415 

260.997 

534.242 

5.574.679 

5.129.163 

2,952.373 

2,982,842 

762,640 

147,333 

28,027 

2,959 

943 


2 ^ S "SS|3§5|S 


iiili Iiili p' liiBsi si|i|||||ii?5 


1 III! .1 -'^^tm 




■3 = ^ sr <* '""sp 2Js,'-"" S3 ESS f;;^'~ 


returns 

(6) 
40,212,686 

•3.064 
94.389 
509.073 
1,224.041 
1.401.893 
1.535.635 
1.541.951 
1 607 303 




1, 
i,e 

1,8 
1,6 
2.C 
9. 
6.C 
3. 
3. 

percenl 

bject 
Dtax 

16) 

488,894 

29.030 
441.078 
253,440 
644,454 
811,736 
653,723 
378,866 
438,697 
465,209 
023,403 
482,691 
580,671 
470,454 
670.036 
127.462 

13.454 
4.268 


generated 
at all 
rates 

H) 
118,494,517 

•79 
2.768 
48.198 
187.922 
364.971 
622.411 
862.205 
1 139 160 


amm.muM =-" = 




Iff ^ 1 - nil! 


S5|gS g^lll ipi , ^ 5. M M 1 ^.p| spg= sisij i5S« 


II 4"-«llll 


illil iiiii 111:1 1 If! g 1 «H-| Ilili ilili ?■-■"■-■ 




^MMmm%m h .| «i |lli lill| IP 




Table 3.14— Joint Returns and Returns of Survl 

All figures are estimates based on samples-money amounis are m thousands 
Size ol adjusted gross income 

Tow 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $6,000 

$6,000 under $9,000 

«onon ■jnriar sinnno 


$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 

$16,000 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 $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Size ol adjusted gross income 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$6,000 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 

$13:000 under $i4:ooo :::::::::::::::::::::::::::::::::::::::::::::::::::: 

$14,000 under $15,000 

$16,000 under $20,000 

$20,000 under $26,000 

$25,000 under $30,000 

$30,000 under 1.50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 



124 



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ii 



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I 

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a^ 



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iiii 



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and Tax 



Ipf 



ipi 



1 1 115 

s 

I 



ii|iii! 



IIIJ 



.4! 



flli 



^'11 * 



it 



lift 



^ll 



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!i« 



|iil5 



TIP 



IW 



IIP 



HP 



HP 






Ipr 



If 



llJJIIffiliJIii i 

liil Iiii iliiliil Iiii 



.iia iilBliiiSl 

J f|l|t|||!lfltltltl 



iiiiiiiiiliiiiiiiffl! 



m § 



111! 



i 



o 

h 



it 



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I HI 



i 

"I 



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iiii 
W 

IIP 



W 



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fir 



iw 



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li 



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Ills 

II 



lie 



III? 



pr 



I tfm!it!||!l|titii|t| 



111 
T| 
Till 

5|il 
111 
W 

m 
m 
w 



nil 



siiililillHiHisiiill-i 
I itifitiiil!!!!!"!! • 



Bit g 






s I 



51! t 



m 



III; 



i 



III 



II 



I lip 






1 I 



'^ilipPisiiiiP^^ 



' ill liiil Hill llii^ 



lillllllilPP^ 

^li|i|lliillll|P§^^^"" 



^111 iilll Hill IP-i-" 



iipr 



«i|||!lliillll|P^^ 



! 



sf! i 



i||liiilllilll» 



P»F 






Ifll |||ll lllll l|s-il- 



ff^ 



«iii Hill Iilll Pliiii 



"ililillllil|ili 



ilfiiiiifpii 









„ 8888| 

piPil 11 Iilll!!! 

dill iilll 



m i 






!i« 



«i 



15 
iili 



llB 



=1111 ipii: 



ililliPS"" 



Miiiiiipr 



'iiiliiiiPH 



iSSs 



saffiss 3i;ssK ssssi 
!!8s sSasS J=--= 



|5SF 



jPF 



Iili Iili IPi 



fiiiiiiiip^ 



ipi" 



Tspr 



Hiiiiiiiipp^ 



spr 



I iiiiiiiiitHS?{!iiJJ I 



Returns/ 1976 • Tax 



127 



Im 



m g 



1 



!Hi 



.^1! s 



IlK 



it 



ri! § 



I Hi 



If 

i! 

o 



PsI-il- ^2^' 



liir 

HIT 



11^ 



gsss 



IP 



IIS» 



IS 



i! 

ii 
fill 



^! ll-HI 



5p» 



^flii 



iS^ 



Pipipi- I 



flfpIP*^ 



Is^ 



iliPli 



9? 



Ill 



s iiiiiWijtijijijjj!!! 

88888 88888 §§§§§ iilil 

dill llili lllii iiiii 



Ii 



1.^ 

i 



|3 



ii 



'ij 






■S|6MS 






1PF 



111?*" 



W 



i||p?» 



fpii 



ipT 



«!i 



ipr 



Hipp^ 



iir 



iii|9?«» 



itiiiitiifillimiii I 



128 


Indlvic 

3 1 1 1 1 1 1 1 II 1 

4i 6 •" 


ual Returns/ 1976 • Tax Computation and Tax Rat 

i^'' 4|.l 


es 

" " IIII 


s 


62 percent 
Income 

(66) 
15.426 


iM« l||5s=- 


" |p,| 


1 


.. 1 


giS^^ || g * 


t?"S 


1 


§ 1 1 1 1 1 1 II 1 1 


|p5S 4l g " 


loSS 


S 




im 

1 


a 


60 percent 
Income 
subject 
to tax 

(63) 
15.037 


'"||-g pl^g ■ 


I 


-o„ 5 " i i ( 


1 1 1 1 1 1 1 1 1 1 gSSS 

1 


S _ Siiiiiiiiii 


IIII III ipass ji E 


1 


1 a|i p " 


Mill ling : pi 1 


1 I. i 

in:- 


2|IS§? 1 ^1' " 


■o 


llll^.^ 


1 


is 


58 percent 
Income 
subject 
to tax 

(60) 
19.896 


isissi |s-^'- 


1 


7 

X generated 

Number ol 

(74) 
497 


1 M M 1 1 1 lg:SSS 1 
1 
1 


1 


ii.^ 




1 


ii'-' 


2,97 
9,53 
1,42 
51 
12< 

66 percent 
Income 
subjecl 
to tax 

(72) 
5.927 


P|Pi 1 


1 
S 


55 percent 
Income 
subjecl 

(57) 
26.707 


" " 11 'llp^s B„ ail 


Mill III ipSSSS 1 


t 


B„ 1 


§i'^^^ ,{igS 


""IP- 1 


1 


1 NmMm 
^liiiiiiij 


64 percent 
Income 
subject 

(69) 
8.943 


"lipi 1 

■J s 


i 


iii^ 


K gKftS |g 

if 




1 i 
1 i 

1 i 


II 
t 

SI 


n 
U 


$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 $30,000 

$30,000 under $50,000 

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

Tom 

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

$5,000 under $6,000 

$6,000 under $7,000 
$7,000 under $8,000 
$8,000 under $9,000 
$9,000 under $10,000 


$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 $30,000 
$30,000 under $50,000 
$50,000 under $100,000 
$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000,000 
$1,000,000 or more 

■■IdenW^lalsae classes lor 
NOTE Detail nuynol add 10 10 



tlii 



III; 



ji^ 



^|! 



Ill 



If 



'^lliilliiiiiSH 



liiliiliiipili'- 



Tfliiiiiiip^ 

■ =» aBsIs 3SSS5 55-=--= 



pifW 



iiiiiiifiifi^ 



111 11! iii ill IP 



ifiiiiiiiii 



'iiliiiiliiiil!'*'" 



41 . 



IJIJ 



.1! g 



till 



ii 



!i 



it; i 



\m 



Hi t 



LiiJ 



?iiiiiipw" 



?iliiipii»» 



lilfiiP^ 



liUlFpiiF^ 



UliliP^ 






3i|iliil||p-iife*' 






=illlliilllilllilp» 



Fiiiiifiip*^ 



iiifl 



I 



iilliliilHiii 
siiii mil iiiii 



kiitiii 11111 mi! iiJl 
silil iiill 



MM Iliil iiiii iiiii iiil- 



Returns/ 1976 • Tax 





?. fe 

1^ ~ 


mv" 3|i,i 


%W 




tffi.i 


iiilM^' III; si 


|||P§ 


1 


ilsl 


I«S8 58I» .. « 


il.pi° 


4i.i 


1 1 1 1 1 SgSt| S232 _ S 


'lii-« 


31 percent 
Income 
subject 
to tax 

(33) 
250,637 


•424 
63.158 
70,068 
81.990 
27,757 
5.656 
1.324 
200 
60 

41 percent 
Income 
subject 
to tax 

1481 
S8,»46 


m^' 


1 


ii«^ 


si=i§isi° o„ ^ 


" '"" "p.iip§^ 


1 i 


4; g 1 


Siip5^^^ 1 3|iii 


II 1 1 1 1 1 1 isss sssa 


n 


|iii«' 




llfiP^ 


5 1 
1 ,1 


ii^ 




iliP^^ 


1 


4!<^" 




||ip-~ 


1 

' i 


27 percent 
Income 
subject 
to tax 

(27) 
619,870 


Pii"" !|«.I 


" liMI ll|p||.|S 


B S 1 1 1 1 


iiiiii«' ll J 


I||P^^ 


1 

S 


4i«^ 


'"siliPss- ^,|j,| 


WW^ 


1 


25 percent 
Income 
subject 
to tax 

(24) 
995,255 


''fi||||||IP= In., I 


^liliB§^ 


-| 


P«^ 


1 'sS.Ss|P.iii§8 B„ i 


'?ig||. pi^ 


i 

1 1 

11 


1 iHmHH 

1 MiiMHM 

1 MNiMMl 
1 mm;; MM 

! ^lilliiiil 

1 pill Hill 
liiiililif 


$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 urxler $25,000 

J25.000 under $30,000 

$30,000 under $50,000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

Size of adjusted gross income 

Tow 

$1 under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $6,000 

$6,000 under $7,000 

$7,000 under $8,000 


1 


11 

li 


$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 

$25,000 under $30,000 
$30,000 under $50,000 
$50,000 under $100,000 
$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000,000 
$1,000,000 or more 





Inc 

4!s5 


Jividual Returns/ 1976 • Ta) 

II 5^"" 


Computation and Tax Rates 

_ S 1 1 1 1 1 1 M 1 1 1 1 1 M 1 1 1 Ig 8S2R 




fill*' 


IIP- 


{||, ,1 IIP* 




JM^ 


II 5^"- 


II «" 


1 




Ilpi 


,iiji Ii!" 


1 


Income 
subjecl 
to tax 

(63) 


Illli 


1„_ S Mini iggsgg 


1 


50perc 
Number ol 

(62) 
5,1»3 


'i-ss- 


-g glllMIIII Ilg ggSS 


1 


i , sill 


'lis- 1 


g 1 1 1 1 1 1 M 1 1 1 1 1 ?i ^SSS 


i ' 


% S 1 1 1 1 1 1 1 1 


" ' "IIP? i 


~ SIMIIIIIIIMIMIIIIS ^S'SSi 


s 

1 


i ^ 5 1 1 1 II 1 1 1 

.' II < ' 

8 


a 




1 


4i«^ 


" ' 'SIP*"^ 


4I6I ?-?- 




Income 
subject 
to lax 

(57) 

33,911 


Illps 


E a 1 1 1 1 1 1 1 MS gsss 


|2 


3 & 1 1 1 1 1 1 M 

|l «^ 


IIP^^ 


.g 1 1 1 1 1 1 1 1 1 1 1 1 1 M 1 1 1 M| SgSS 


1 
2 


Si M 1 1 1 1 1 1 


" ' |||5?^ 


^„ 2 1 M 1 1 1 M 1 1 1 IgSgtSS 


t 


Income 
subjecl 

(54) 
78,203 


" " II |P^ 


ii|.,i n^' 


^I 


Jl.i 


IIP?" 


Jl i ^ 


§ i 

o 1 


{ iMuNii 

- ; NMMM 
; §§§iiii 

: SSiSSiS SCiS 
,.■1111111 

li.iii. ill 


$9,000 under $10,000 

$10,000 under $11,000 

$11,000 under $12,000 

$i3;ooo under $i4'.ooo !!^:::!;'.!;;;!;!:!;:!:!!::!::::::!!;!i!;!:i;;!::;!!:;]'!:::! 

$14,000 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 $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


1 1 \\\\\ mIn mIm mmI mm 
! NiMMNNmNlmiml 

i M M M M M M M ! M M : n y ; 



131 



and Tax Rates 






ii 



till 



1 



If 115 



i! 



I IB 



!i« 



: 



1! 
.1 



is«= 



IIP 



f||fT 



FlIiF 



rpsF 












Ips- 






I IB 



ill; 



sji 



tllf 



i:llllfillijJJJJjjjJff|i| 

liiiiliiiiiiliiiiiil 



; i 



?||| 



«i 



iw 



TIP 



TP5 



IP 



«P 



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ggsss 



^iiiiiiiJiii 



133 



ii 



IIH 



I Hi 



1! 






i! 



m 



If 



! iitt; 



'BliiiiiilillPiH- 



lliililiiiiiis- 



liiiiiifiip!^ 



I 



?5i||illiiiiii|llP*s"= 

r 



IP? 



siiiiilifM 



«iiiiiiiiiii 






; : ^ : : : 



itiiitiiiHHtpjn!!! 



^'l! « 



ills 



4M 



1|« 



31! i 



llli 



!i 



^=li t 



till 



'?iiliiiiliiisi» 



iilipiw 






iiliiiiiiiiip- 



11 






lifliiifiip^ 



iliiiiiliiipiP- 



I tiiitiiiiiitiiiHiijlj 



134 





41. 


•Mill III 

s 


i|ill ips 


1 »" 




Iiii. 


1 




ercent regula 
Income 
sublet 

(54) 
620,241 

209.349 
308.217 
76,070 
20,359 
3,003 
1,243 




ii« 


i 




*{i,i i«^' 


, 


41^ 


^ 1 1 1 1 1 III 

i 


^||||||ps 


4.J 'iiiw 


1 


l!ll« 


2 ' ' ' 

5 


'mw 


I „_ s ' ' 1 sis sSSS 


i 


iii 


1 


PliiiP^ 




1 5 


-'P s 


1 1 1 1 1 1 III 


'^liliPi- 1 




1 i 


(IIB i 


I 




40 percent 
Income 
subject 

(48) 
1,059,234 

154,465 
603,340 
231,742 
53,176 
13,656 
2,020 
834 


o 1 

1 


■ i? « 


SIMM III 
1 




il gl ' ilP'' 


£ 
1 


4h 


1 






1 


m^- 


1 


" 'llll-lilEiilP 


38 percent 
subject 

(45) 
757,222 

42,423 
225,997 
336,675 
117.220 

6;847 
1.012 
418 




ji« 


1 




B„ s 1 1 1 1 1 IkI?S S5ig 


4! I 


1 






S 


25 percent 
subject 
(27) 


1 


"iiiiiili- 


36 percent 

subject 
to tax 

(42) 

1,029,523 

352!e5C 

117.898 

26.658 

6.848 

1,012 

418 


jl 


ii. 


1 


"iiiiiiip^^ 


, 

Number of 
returns 

(41) 
607,211 

184,377 
167.957 
178,191 
59,217 

3!424 
506 
209 


i 5 
S ^ 

i! 

IS 

f! 

|i 

!l 

II 


! 
1 

i 

o 

1 


iiiiiilll 

itiiiiiii 

iiiliil 


$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 $30,000 

$30,000 under $50.000 

$50,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 


i MmMNli iniMmMH: 
1 NmNHniHlNmNm 

i M n M M N M M M M y ; 

iiiiii||y|iij 

li.iii ipii mil iii|i i||i 





Individua 

?. » 1 1 1 1 1 1 

-1! « * 


1 Returns/1976 • Tax Computation and Tax Rates 

iip 4!si m 




^ S 1 1 1 1 1 1 1 


i«« liij.i iiii 




-s 8 1 1 1 1 1 1 1 1 1 1 1 1 




, 


?. ? 1 1 I'll 


'iW ,iigi"" ^P§ 


1 


60 percent 
Income 
subiect 

(66) 
210,315 


IIP lii^gl ^P? 


1 




•l-IP^ |l ,1 PiP^ 


1 . 


1 -2 i 1 1 1 1 1 1 


'" '"P.i.gp 1 1. i '"" iiiiii.gg? 


1 

# 


55 percent 
Income 
subject 

(63) 
321,831 


SiMillBsi ^ii« 


1 


Number of 
returns 

(62) 
66,985 


1115- I II gl iil^' 


1 


i4!«« 


nm 4,,'i iiiM 


>< 


lili.i 


'" ' "SsSias i „. 5 ' SI6SS 

^? 6~»s 1 III g 5 « ""- 


( 


•ii- 




i«|5«' 


siP^ ,i|ji IP? 





IIIIsS 


4.596 
85,621 
45,908 
17,946 

3,229 

64 percent 
subject 
(72) 

57.273 
76.898 
24.410 
3.935 
1.760 


fl 


50 per 

Number of 
returns 

(56) 
21,681 


Mill 1^^ S?gS s g 1 1 II 1 II 1 1 1 II 1 1 1 1 II l£ ^§S% i 


8 ° 

ii 

-5 i 

I! 


1 NmimNM 

S> :■::::::■:::: 

! MHiMMNN 

1 i MNMMM N 

iliiiiiiiiij! 

Hill i§iii 11 


;:;:■::■ :■■:::■•;■:■-:::•:::::: S 

MMMMMH MMMMMMlNMNnHHI 

NMNMNM nMNNMNnnnNMN:! 

:!:::;:::::; : : : : : ! : : 1 : 1 I ! : : : : : I i : 1 : : : ? 

mMMHmH iNHMMMNNMniMH:! 

iiiiii:: 1 liiiiimj 

:1M:nmn: 1 InNMmMmimiMnii 

iiiiii if ^ y IIII iiiiiilili iiii! ill 
III ipii III! ^ ml mi iiiii ipii III 



135 



Section 4 



Taxpayers 
Age 65 or Over; 
Credit for the Elderly 



Introduction, 137 

Returns with age exemptions, 137 

Credit for the elderly, 138 

Text tables 

4A All returns and returns of 
taxpayers age 65 or over: 
selected characteristics, 138 

4B Comparison of returns with 
retirement income credit and 
credit for the elderly, 1975 
and 1976, 139 

Charts 

4A Returns filed by taxpayers age 
65 and over, 1967-1976, by 
size of adjusted gross income, 137 

Basic tables 

4.1 Returns of taxpayers age 65 

or over: selected income and 
tax items by size of adjusted 
gross income, 140 



Joint returns with at least 
one taxpayer 65 or over: 
selected income and tax items 
by size of adjusted gross 
income, 143 

Returns with credit for the 
elderly: selected income and 
tax items by size of adjusted 
gross income, 146 



Introduction 

This section presents data for 
two groups of returns: those on 
which one additional exemption was 
claimed for taxpayers age 65 or 
over, and those on which the 
credit for the elderly (formerly 
the retirement income credit) was 
claimed. Most, but not all, of 
the returns falling into the 
latter category were filed by 
persons who also claimed an age 
exemption. 



Returns with Age Exemptions 

Persons age 65 or over 
benefited from certain special tax 
provisions under the Internal 
Revenue Code. These included an 
additional $750 exemption for each 
taxpayer age 65 or over (which 
resulted in raising the income 
floor for filing a return, thus 
exempting- certain individuals from 
filing), and the exclusion of all 
or a part of the gain on the sale 
of personal residences. Also, due 
to a provision introduced by the 
Tax Reform Act of 1976, the 
retirement income credit was 
replaced with a new, generally 
more liberal, "credit for the 
elderly" for taxpayers age 65 or 
over. Moreover, social security 
income, a major source of income 
for many older persons, was non- 
taxable and was not reported on 
income tax returns. Table 4A 



Chart 4A 



Returns 
filed by 
taxpayers 
age 65 
and over, 
1967-1976, 
by size of 
adjusted 
gross 
income 



The number of returns 
filed reflects, in part, 
the changes in filing 
requirements for 1970 
1971, 1972, 1975 
and 1976. 



Millions of returns 
10 




Returns of SIO.OOO under $15,C 



Returns $5,000 under $10,000 




1967 



1976 



137 



138 



Individual Returns/ 1976 . Age 65 or Over; Credit for the Elderly 



Table 4A.— All Returns and Returns ol Taxpayers Age 65 or Over: Selected Characteristics 

ints are in thousands ot dollars] 




84,670.389 
76,510.735 
12.251,981 
8.973.85S 
9,039,768 

42,569,233 
6,780,877 
641,829 



26,951,389 
19,062,751 
25,860,608 
23,366,640 
24,434, 



58,172,237 
43,572,51 
14.599,726 

68,716,772 
1,010,834 
64,396,653 
246,735 
64,421,367 



1,053.895,687 
880,998.631 
61,513,699 
18,717,241 
24,461,943 



113,753,788 
78,495,854 
35,257,934 



140.801,196 

1,000,273 

141.801,470 

145.748,802 



7,975,070 

3,349,923 

1,511,330 

2,221 

2,831.560 



739.244 

5.438.846 

74.758 



4.524.607 
1.487.616 
3.028.167 



shows selected characteristics 
reported on returns of taxpayers 
age 65 or over in comparison to 
all returns. 

For 1976, the filing require- 
ment for single persons age 65 or 
over was $3,200 in gross income, 
while for persons who qualified as 
"surviving spouses" the amount was 
$3,600. For joint returns, if 
either spouse was 65 or over, the 
filing requirement was $4,350, and 
it was $5,100 if both spouses were 
65 or over. The reason the filing 
requirements were higher for older 
persons was that the extra exemp- 
tion deduction and the low- income 
allowance made them nontaxable in 
any case. The steady decline in 
returns of the elderly with incomes 
under $5,000 shown in chart 4A is 
partly a result of the increasingly 
liberal tax return filing require- 
ments granted this group since 1969. 

Credit for the Elderly 

Introduced by the Tax Reform 
Act of 1976, this credit replaced 
the retirement income credit in 
effect for 1975 and earlier years. 
For taxpayers under age 65, the 
computation of the new credit was 
similar to that for the retirement 



income credit. In brief, the base 
for this computation for 1976 was 
pensions and annuities received 
under public retirement systems, 
limited to $2,500 for single 
persons, $3,750 for couples filing 
jointly if both had qualifying 
pensions, and $1,875 for married 
persons filing a separate return. 
The corresponding limits for 1975 
were $1,524, $3,048, and $1,524, 
respectively. The base was 
further reduced by pensions 
received under the Social Security 
or Railroad Retirement Acts, and 
by the amount of "earned income" 
(defined here as the gross amount 
of wages, salaries, or profes- 
sional fees, and other amounts 
received as compensation for 
personal services) in excess of 
$1,200. The actual credit 
equalled 15 percent of the 
(reduced) base. 

For 1975, the computation of 
the retirement income credit for 
taxpayers age 65 and over was 
quite similar to that for tax- 
payers under 65, except that all 
types of pensions and annuities, 
as well as income from savings, 
could be used in computing the 
base. The credit for the elderly 
introduced for 1976, on the other 
hand, differed markedly between 



the two age groups. Amounts 
received from pensions or savin, 
were not used in computing the 
credit for taxpayers age 65 and 
over. The computation base wa.s 
simply $2,500, $3,750, or $1,87 
depending on marital status, 
reduced by pensions received un 
the Social Security or Railroad 
Retirement Acts. However, inste 
of a phase-out based on earned J 
income, the new law contained 
phase-out based on adjusted gros 
income (i.e., both earned and 
unearned income). This phase-ou 
equalled one-half of the excess 
adjusted gross income over $7,50 
for single persons, over $10,0001 
for married couples, and over 
$5,000 for married persons who 
were separated. Thus, no credit 
was allowed for single persons a 
65 and over with adjusted gross 
incomes over $12,500, married 
couples with incomes over $17,50 
or separated persons with incomei 
over $8,750. f 

One more, minor, change 
introduced by the Tax Reform Act 
of 1976 was the elimination of tl 
prior-year income test. Under tl 
previous law, to qualify for the 
retirement income credit, the 
taxpayer had to have received 
earned income in excess of $600 i 



Individual Returns/1976 . Age 65 or Over; Credit for the Elderly 



139 



Table 4B.— Comparison of Returns With 



Retirement Income Credit and Credit for the Elderly, 1975 

«es based on samples— money amounts are m mousands ot dotlars] 





All returns 


Hetums of taxpayers 
age 65 or over 




Number of 


Amount 


Number of 


Amount 




(1) 


121 


(3) 


(4) 


Hetlrwnwit Incoma C™dlt. 1975 


THKH 

340>54 
176,771 
176:948 

1,010,634 

162,153 
514,211 
215.772 
118,698 

22*.02t 

71,818 

173,457 
39 001 
-58,250 


126,968 

7,041 
53.795 
33.578 
34.553 

205,793 

17.759 
99.597 
52.121 
36.316 

76,626 

10,717 
45.803 
18,543 


596,075 

74.646 
281.538 
122.965 
118.936 

739,244 

142.806 
425.566 
140.714 
30.158 

141,169 

68,160 

144,028 

17,759 

-88,778 


66,602 

5.166 
41.309 
21.222 
20.905 

116,181 


Undof $5,000 

$5000 undef $10000 




$15,000 wmofe 

Ci»<« (Of tha EUwty, 1978 


Undef $5 000 






26.023 
6.819 

27.579 

8.315 

26.549 

4.801 

-14:066 




Ctiwge. 1975 to 1«7« 

TotH 

Under $5 000 











I\ of any 10 years prior to the 
for which the credit was 
imed. There was no such test 
I claiming the 1976 credit for 
I elderly. 

The Tax Reduction and Simpli- 
;ation Act of 1977 maintained 
i liberalized provisions of the 
!S Act. However, it also 
iwed taxpayers whose 1976 
jiit had been reduced or elimi- 
;d by the adjusted gross Income 
3e-out to compute the credit 
:r the previous law for one 
; year. 

' Since the 1977 Act did not 
tme law until after the 1976 
iing deadline for most taxpayers 
I already passed, many taxpayers 
:;ted to file amended returns 

iuse the more advantageous 
putation of the credit. There- 
5, the data for 1976 shown in 
Ue 4B are slightly understated. 



140 Individual Returns/ 1976 • Age 65 or Over; Credit for the Elderly 
Table 4.1— Returns of Taxpayers Age 65 or Over: Selected Income and Tax Items by Size of AdJusteC 

[All figures are estimates based on samples-money amounts are in thousands ol dollars) 


Gross Income 


I 


Si2e of adjusted gross income 


Numtwr ol 
returns 


Adjusted 
gross 

less 
deficit 


Number of 
enemptions 


Salanes and wages 
(gross) 


Tolal net profit 
less loss from 


lessloss 1 




Total 


'"rTe,'' 


Number of 
returns 


Amount 


Number of 
returns 


Arnount 


Number ol 
returns 


Amount 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 




7,975,070 

626,586 
1,305,461 
1,467,224 
1,162,608 
702,331 
568,880 

32l!612 
243,016 
172,164 
311,504 
202,046 

274,043 

137,236 

35,479 

9,786 

1,366 

520 

2,662,805 
2,601,405 
1,184,377 
554,503 
971,980 


91,t96,288 

-32,592 
4,098,098 
7,317,592 
8,115,596 
6,280,657 
6,229,956 

5,602,988 
4,794,299 
4,131,292 
3,269,523 
6,920,715 
5,543,326 

10,150,288 
9,181,548 
4,726,883 
2,796,094 
916,364 
1,153,661 

7,346,112 
18,433,239 
14,467,725 

9,560,333 
41,388,880 


23,723,226 

1,776,348 
3,486.844 
4,165,873 
3,508,276 
2,099,209 
1,743,651 

1,342,317 
1,028,589 
773,868 
560,989 
1,042,466 

912,453 
470,049 
122,670 
33,902 
4,652 
1,750 

7,232,082 
7,804,468 
3,670,743 
1,768,671 
3,247,262 


10,430,763 

785,354 
1.577,219 
1.875.315 
1.569.199 
930.412 
753.339 

580.927 
432.616 
330.287 
234.182 
434.886 
278,073 

380,252 
199,285 
52.370 
14.336 
1.947 
765 

3.251.163 
3.486,336 
1,580,910 
750,440 


3,349,923 

196,299 
518,604 
562,956 
408,760 
289,964 
268,647 

210,023 
187,535 
115,535 

86,378 
157,740 

98,880 

144,559 

74,914 

21,970 

6,078 

851 

340 

991,727 
984,746 
586,831 
281,287 
505,332 


25,750,274 

236,340 
1,103,446 
1,783.775 
1.856.802 
1.674.693 
2.016.972 

1.777.364 
1.929.790 
1.290.974 
1,033.276 
2,296.439 
1.552.721 

3.096.479 
2.223.022 
1,213.001 
618.468 
103,251 
44,460 

4,889,779 
3,158,598 
11,046,841 


1,511,330 

254,239 
191,529 
149,116 
142,170 
123,561 
93,975 

71,276 
57,635 
40,398 
39,483 
80,143 
61,756 

106,237 
70,877 
21,199 
6,413 

380 

521,335 
339:280 
196,640 
106,129 
347,946 


5,927,639 

-660,435 
166,654 
183,531 
171,485 
222,475 
240,137 

230,735 
179,299 
217,975 
154,071 
406,169 
539,360 

1,204,138 
1,468,436 
663,111 
368,186 
63,064 
110,248 

-429,562 
513,261 
562,166 
460,064 

4,821,712 


1162,453 

76,960 
178,397 
240,757 
299.939 
184.611 
179.697 

148,969 
102,814 
92,136 
79.423 
136,632 
126.618 

168.566 

107.478 

30.021 

8,708 

1,252 

496 

378,644 
602,020 
386,931 
216,097 
578,761 


5.830,709 - 

104,117 
97,271 
186,806 
188,129 
187,227 
299,804 

236,964 

222:685 
203,683 
164,953 
368.754 
366.004 

634.514 
766.741 
514.807 
394.924 
184.591 
319,714 

270.287 
493.263 
661.442 
476.667 
3,739,050 






U 000 under $6 000 


$6 000 under $8 OOO 






$12 000 under $14 000 






$18 000 under $20000 


$20,000 under $25,000 




$60 000 under $100 000 


$100,000 under $200,000 




$1 OOO 000 or more 


All returns, summary: 


$5000 under $10 000 


$10,000 under $15,000 

$15,000 under $20,000 

$20,000 or more 




pfopert 
than cap 
net gain 


«of 
y Other 
tal assets 
less loss 


Dividends 


Interest received 


Pensions and annuities 


Size ol adjusted gross income 


Before exclusm 


gross income 


Total 




Number of 
returns 


Amount 


Number ol 
returns 


Amount 


Numbef ol 


Amount 


Number of 
returns 


Amount 


Number of 


Amount 




(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


Total 


166,279 

12,574 

18!l67 
15,628 
16,456 
9,504 

12,754 
8,520 
3,432 
6,478 

14:024 
9,570 

18,449 
8;673 
3,157 
1,140 
226 
116 

28,213 

27M 
13,348 
56,355 


76,303 

-102,630 
2,144 

'■1 
705 
4,680 

28,893 
18,341 
21,676 

4;76! 
7,844 

38,449 
12,644 
9,610 
6,975 
3,926 
2,028 

-102,016 
5,659 
44,287 
42,235 
86,239 


3,449,771 

125,496 
323,615 
516,507 
515,717 
365,511 
264,940 

224,274 
159,682 
144,456 
106,186 
192,079 
151,340 

214,863 

120,826 

33,196 

9,351 

1,323 

512 

684,789 
1,162,057 
56i:611 
327,826 
723,488 


12,643,614 

109,808 
226,064 
480,129 
717,472 
556,153 
510.442 

500.238 
395.322 
396.932 

895!e31 
72i:285 

1.226.225 
982.488 
403.805 
465,777 

551,357 
1,538,269 
1.217,982 

950,328 
6,386,679 


2,831,560 

94,443 
226,427 
401,776 
419,944 
294,188 
204,600 

193,316 
137,613 
120,082 
87,103 
168,075 
130,707 

193,361 
116,817 

i:lf9 

1,312 
508 

495,452 
941,325 
464,618 
■ 278,096 
662,069 


12,216,524 

96,972 

4241319 
658,564 
512,821 
479,350 

470,487 
373,420 
379,055 
361,255 
668,273 
698,939 

1,601,434 
2,035,617 

'■S 
403,586 
465.695 

484,885 
1,402,892 
1,145,983 

907,583 
8,275,181 


7,027,991 

424,360 
1,060,144 
1,276,725 
1,036,820 
662,719 
529,910 

406,160 
298,636 
231,279 
163,872 
298,116 
199,068 

268,869 
135,209 
34,673 

515 

2,117,072 
2,333,696 
1,104,445 
525,402 
947,376 


21,903,960 

425,943 
1,432,600 
2:256,801 
2,577,501 

i:544:982 

1,449,556 
1.078,302 
1,062.093 
763.662 
1.555,746 
1,213,633 

2,168,213 
1,574,926 
593,104 
261,231 

^:?S 

2,914,152 
5,562,589 
3,599,747 
2,288,840 


3,437,175 

96,230 
456.057 
727.056 
593,481 
373,490 
282,724 

188,740 
142,226 
113,880 

74,923 
139,191 

89,639 

104,396 
43,468 
9,728 
2,466 
358 
122 

897,860 
1.348,454 
542,618 
259,875 
388,368 


15,121,934 

199,14C 
896,411 
2,188,147 
2,226,888 
1,640,406 
1.473,022 

1,110,792 
796,246 
816,111 
598,011 

1,043.168 
811.007 

727.492 
441.336 
107.817 
36.417 
7.470 
2.054 

2.048.786 
5,102.204 
2,994,192 
1.799,991 
3,176,761 




$2 OOO under $4 000 








$10 000 under $12 000 






$16,000 under $18,000 












$200000 under $500000 






All returns, summary: 
Under $5 000 








$20000 or more 





Individual Returns/ 1976 • Age 65 or Over; Credit for the Elderiy 



141 



Fable 4.1— Returns of Taxpayers Age 65 or Over: Selected Income and Tax Items by Size of Adjusted Gross Income— Continued 

All figures are estmales based on samples— money amotjnts are m thousands of dollars] 



Sae of adjusted gross income 



annurtes— Continued 



Total 

Unde( $2,000 

$2,000 undef KOOO 

$4,000 undet $6,000 

$6,000 under $8,000 

$8,000 under $10,000 

$10,000 under $12,000 ,,., 

$12,000 under $14,000 ,,,, 

$14,000 under $16,000 ..,, 

$16,000 under $18,000 .,,, 

$18,000 undef $20,000 .,,. 

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

$25,000 undef $30,000 ,,,, 

$30,000 under $50,000 ,.., 
$50,000 under $100,000 ., 
$100,000 under $200,000 , 
$200,000 under $500,000 , 
$500,000 undef $1,000,000 
$1,000,000 Of nxxe 

All returns, summafy 

Under $5,000 

$5,000 under $10,000 ,.. 
$10000 under $15,000 . 
$15,000 undef $20,000 , 
$20,000 Of mote 



447.426 
722,367 
587.887 



98,282 
42.537 
8.570 
2.427 



746,302 
569,451 
990,646 



243,226 
131,263 
120,579 



540.013 
495.192 
257,766 
129,8% 



7,938 
274.439 
337.993 
345.280 
256.175 
167.751 



107.071 
313.520 
248.353 

300.616 
357.054 
171.055 
62.052 



32.752 
77.380 
56.384 

116.887 
119.624 
105.072 



29.778 
33,205 
16,618 
23.445 



30.609 
24.091 
7.S35 



21.796 
70,025 
39,785 
29,722 



28,644 
77,979 
124.927 
104.748 
91,917 



52.446 
55.969 
27.537 



175.935 
252.280 
157.204 



-150.051 
105,773 
76,654 
42,052 
262,599 



Statutory adiustments 



See Of adjusted gross i 



ToUl 

Under $2,000 

$2,000 undef $4,000 .... 
$4,000 under $6,000 , , . . 
$6,000 under $8,000 . . 
$8,000 under $10,000 ... 
$10,000 under $12,000 .. 

$12,000 unda $14,000 
$14,000 under $16,000 
$16,000 under $18,000 
$18,000 under $20,000 
$20,000 under $25,000 
$25,000 undef $30,000 . . 

$30,000 under $50,000 .. 
$50,000 under $100,000 
$100,000 under $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 
$1,000,000 Of fnore 

All returns, summary: 
Under $5,000 
$5,000 under $10,000 . 
$10,000 under $15,000 
$15,000 under $20,000 
$20,000 or more 



37 243 


49.717 






23,672 












22,317 


31.445 






11471 


20:645 


26,701 


40,207 


2/,BU3 


57.464 


41824 


96,815 


25,463 








1.354 


7.058 



90.366 
62.541 
38.702 



73.871 
63.269 
315.302 



77.161 
•20.215 

•5.294 
•10.903 

9.774 



7,889,718 

541,234 
1,305,461 
1,467,224 



172,164 
311,504 
202,046 



137,236 
35,479 
9,786 



1.059,794 
2,476.330 
3.187.896 
2.653.305 
1.728.139 



1,175.629 
1.016.882 
888.331 
680.783 
1,318,217 
919,842 

1,845,895 
1,715,037 
905,904 
655,092 
260,660 



136,818 
35,333 
9.738 



t.346.671 
2.921.956 
3.049.722 
3.457.105 



7.680,808 
7.155,252 
3,733.8 



675,276 
6,806,995 
8,544,960 
6,268,636 
31,095291 



635.356 
565,456 
522,526 
451,324 
1,024,898 
951,437 

2,024,178 
2567,177 
1,721,749 
1,165,163 
408,061 
533.994 



1,174,605 
549,403 
966,449 



142 



Individual Returns/1976 • Age 65 or Over; Credit for the Elderly 



Earned income credit 




1J,4«9,4W 

"10,074 



23,440 
37,790 
20,595 



430,519 
319,377 
241,877 
169,436 
309,863 
201,715 

271,114 

136,618 

35,333 

9,738 

1,352 



142,806 
425,566 
140,714 
18,868 



13,481 
69,858 
26,023 



318,867 
241,821 
169,436 
308,209 



270,933 
136,472 
35,273 



577,279 
2,160,452 
1,168,106 



1,147,273 
401,629 
525,280 



57,176 
849,482 
1,345,536 
1,126,350 
3,090,944 



Size ol adjusted gross income 



Earned income 

credit, refundable 

portion 



Under $2,000 

$2,000 under $4,000 , , , 
$4,000 under $6,000 . ,. 
$6,000 under $8,000 . , , 
$8,000 under $10,000 ,, 
$10,000 under $12,000 .. 

$12,000 under $14,000 .. 
$14,000 under $16,000 .. 
$16,000 under $18,000 .. 
$18,000 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 $200,000 
$200,000 under $500,000 
$500,000 under $1,000.00 
$1,000,000 Of more 

Under $5,000 ,,^ 

$5,000 under $10,000 . 
$10,000 under $15,000 
$15,000 under $20,000 
$20,000 or more 



802,685 


129,301 






679,515 


422,847 


558,697 


520,666 






319,026 


503,122 


241,867 


478,464 










201,715 


900,231 


271,068 


1,993,158 


136,943 


2,571.944 


35,425 


1,738,965 



62,330 

850,184 

1,354,515 

1,129,986 

10,351,885 





12.051 






862.458 


150.76; 








443.367 


559,316 


541.403 


430,410 


583.664 




521,32! 


241.907 


495.641 


169.672 


434.54( 


308.776 


998.72' 


201.715 


932.323 


271.211 


2.049,417 


137.055 


2,614,711 






9.775 


1.195,25' 


1.364 


426,542 


519 


566,059 


800.223 


95,849 


220.390 




,171.019 


1, 404,21 ; 






965.858 





able 4.2— Joint Returns 
acome 



Individual Returns/ 1976 • Age 65 or Over; Credit for the Elderly 148 

h at Least One Taxpayer 65 or Over: Selected Income and Tax Items by Size of Adjusted Gross 



Jl figures aie esOmales based on samples— money amounts aie m thousands ol 


d<-lar,l 




















Number ol 
returns 


Adiusted 


Number ol 
exemptions 


Saianes and wages 
(gross) 


Total net profit 
less loss from 
business activities' 


Sales ol a 
net gain 


■^^•^ 


Soe of adjusted gross income 


Total 


a^oSt 




returns 


Amount 


Number ol 


Am^n, 


Number of 


Amount 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 




4,W1,9S2 

316.893 

^^■^ 
661,895 
414.800 
360.430 

280.589 
244,961 
174,487 
126,552 
238,173 
159.952 

220.186 

109.190 

28.580 

7,722 

1.028 

365 

1,144.634 
1,505,113 
779,785 
407,234 
765,196 


62.H1,370 

-194,382 
1,608,787 
3.752,002 
4,626,889 
3,726,868 
3,955,608 

3,641,006 
3.655,336 
2,967,039 
2,399.537 
5.290.520 
4.384.587 

8,219.117 
7,294,991 

686,294 
803,910 

2,813,601 
10,706.564 
9.604.705 
7.013.822 
32.722.680 


16,805,488 

1.151,056 

2;697;381 
2,454.603 
1,510.881 
1,315,438 

1,027.834 
867.680 
627,332 
455,037 
890,665 
572,835 

800,042 
411.132 
108,184 
29,516 
3,945 
1.431 

4,153,659 
5,540,758 
2,838,372 
1,454,949 
2,817,750 


7.052,150 

475.123 
787,136 
1,146,768 
1,065,966 
642,881 
544.889 

428,308 

si 

361,555 
235,979 

45,471 

'1 

1,730.350 
2,387.524 
1.175,975 
603.171 
1,155,130 


2.402.103 

109,883 
298.939 
372.902 
286.420 
188.911 
205.139 

164,079 
157.803 
92.750 
73,884 
135,670 
88,679 

134.221 

66.504 

19.806 

5.475 

755 

283 

571.719 
685.336 
464.309 
229,346 
451.393 


21,184.022 

162.702 
644,061 
1.202,073 
1,324.521 
1.110.566 
1.551.740 

1.418.799 

l:o64:9?6 

908.534 
1.972.755 
1.467.681 

2.935,457 
2,023.600 
1,113.162 
486,555 
95.605 
40,124 

1.290.520 
3,153.404 
3.929.662 
2.655.497 
10.134.939 


1,154,149 

162.548 
132.762 
116,399 
101,969 
104,853 
67:687 

53.643 
50,734 
35,851 
32,948 
69,288 

87.190 
61.712 
18,385 
5,520 
772 
293 

351,861 
266,670 
149,170 
91,693 
294.755 


5,004,147 

-551,798 
103.876 
116.432 
110,027 
176,370 
182:610 

163.502 
136.008 
185.911 
124,944 
344.636 
432,436 

1,052,402 
1.336.867 
612.509 
332.438 
50.536 
94,242 

-412,718 
367.625 
412.539 
380.436 

4,256,264 


1,273,065 

^^ 
101,603 
154,311 
101,527 

91,817 

90,764 
73,338 
67.093 
58.993 
98,425 
91,653 

131.737 

85.214 

24,538 

6,971 

961 

352 

140,246 
310,963 
222,595 
159,410 
439,851 






81,666 


(2,000 under $4,000 


??'1S 








127,464 




148,615 


(12,000 undei $14,000 

(14,000 under $16,000 
(16,000 undei $18,000 
(18,000 undei $20,000 . 
(20,000 under $26,000 , 
(25,000 undei $30,000 

OO.OOO undei $50,000 

(50,000 under $100,000 

(100,000 under $200,000 .... 
(200,000 under $500,000 .... 
(500.000 under $1,000,000 .. 


168,162 
149,155 
138,485 
109,969 
270,623 
254,925 

586,322 
547,429 
409345 
307.893 
147.937 
246.705 


VII returns, summary: 

Under $6,000 

$5,000 undei $10,000 

$10,000 under $15,000 .... 
$15,000 under $20,000 ... 
$20,000 or more 


142.992 
262.227 
383,791 
330.595 
2.771179 




Sale 

propert 

ttiancapi 

net gain 


yotfwf 
tal assets 
less loss 


Dividends 


invest recced 


Pens«ns and annuities 


Soe ol adjusted gross income 


Before exclusion 


In adjusted gross income 


Total 




Number ol 
returns 


Amount 


Number of 


Amount 


Number of 


Amount 


TtSS^°' 


Amount 


Number of 


Amount 




(111 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 




121,329 

11.003 
2,866 

9,670 
8.148 

8,819 
7,272 
3,432 
5,169 

'};^ 

14,198 

990 
181 
86 

16,128 

20!801 
12039 
44,833 


75,167 

-96,287 
-771 

l^l 
105 
3,802 

^fi 
21,675 
11,199 
4,597 
9,618 

37,166 
9.634 
9,865 
6.628 
3,046 

-98,066 
8,275 
41.840 
40,402 
82:718 


1,910,603 

67,778 
84.631 
201,548 
242.467 
197,264 
142,873 

137,423 
109:i28 
99.669 
74.491 
139.004 
113.353 

170,037 
95,436 

996 
360 

230.774 
562,914 
338,562 
225.022 
553.331 


7,317,651 

64.270 
47.419 
144,450 
307.901 
208,795 
184,910 

269,756 
201,167 
194,427 
226,206 
508,407 
403,783 

1,168.032 
1.293.841 
840.724 
698.158 
277,514 
277.891 

145.104 
627.731 
544.092 
532374 
5,468,350 


1,508,286 

51.394 
52.410 
146.508 
180.407 
156,020 
102.573 

110.438 
89,376 
76,404 
57,823 

116,052 
94,018 

148,808 
91.620 
25.838 
7,253 

356 

152.292 
434.447 
255.582 
181.032 
484.933 


7,028,713 

55.976 
36.020 
116.390 
273,580 

248,138 
183,969 
180,754 
215,127 
486,076 
385.117 

1,138.916 
1.276,681 
835,828 
696,795 
277,328 
277.824 

116.364 
545.795 
492.833 
499,167 
5.374.565 


4,024,702 

^;f9^ 
627.438 
573,135 
378.965 
334.251 

262,190 

165:365 
119:678 
226,905 
157,590 

216,811 

107:858 

28,158 

7,611 

855.070 
1,314,700 
724:246 
384,382 
746,304 


13,308,482 

269,758 
387,628 
973,739 
1,374,178 
959,682 
880,836 

850,131 
776.736 
679,454 
523,673 
l,12i:889 
854,216 

1.599.452 

'■5^:J?) 

202,248 
56,667 
66,207 

1,031,065 

iS 

5,632667 


2,097,408 

61.860 
197.088 
370.660 
346.848 
242.897 
179.147 

128,038 
112,119 
86.742 
56.599 
107.648 
75:923 

85,185 
36,683 
7518 
2.046 
308 
99 

411,123 
808.230 
363.041 
199.604 
315.410 


10,063,017 




154,312 




367,944 


M.OOO under $6,000 


1,175,578 
li59>35 


(8000 undei $10000 


1.057,705 




834,616 




680,654 




660,275 


(16.000 under $18,000 


645.189 
445,692 




848,500 




735,629 




596,667 




388,391 




92,974 




30,897 


(500 000 under $1 000 000 


6,986 




1,752 






$5 000 under $10000 


3,083,053 




1.955,005 




1,411,422 


$20 000 or more 


2,701.816 







Table 4.2— Joint Returns With at Least One Taxpayer 65 or Over: 
Income— Continued 

|AII figures a/e estmates based on samples-money amounts are in thousands o! dollars] 


or Over; 
Selected 


Credit for the Elderly 


Sross I 




Pensions and annuites-Continued 


less loss 


RoyalV n 


t income 


Estate or 
income 


tnjst net 


All other 


«urces net 
ess loss- 


Size ol adiusled gross income 


In adjusted gross income 


Numtwr ol 
returns 


Amount 


Number ol 


Amount 


'r.u'^'s'" 


Amount 


Number ol 
returns 


Amount 


Number ol 


Amount 




121) 


(22) 


(23) 


(24) 


(25) 


(26) 


(27) 


(28) 


(29) 


(30) 




2,033,4»3 

48,787 
191,047 
365,971 
341,254 
234,562 
177.225 

122,766 

84!276 
56:366 
104,617 
73,802 

79,196 
35,768 
7,360 
2,013 
304 
97 

391.740 
789,881 

195!564 
303:i57 


9,407,152 

84,519 
337,230 
1,093,572 
1,228,829 
982,102 
880,288 

630,848 
614,484 
599,857 
424,760 
802,678 
706,883 

548.005 
349:967 
87.777 
28,449 

?:^?J 

777,066 
2,949,185 
1,817,795 
1,332,441 
2,530,663 


990,844 

53,247 
102,794 
132.635 
132.633 
83.238 
69.096 

55.172 
53.681 
36,327 
27,800 
62,880 
48,331 

72.842 
42.635 
13,191 
3,469 
500 
178 

229,211 
275,536 
156,276 
85,799 
244,026 


2,230,178 

3,658 
84,762 
150,411 
160,585 
169,877 
111.881 

106.142 
120.363 
101.274 
56.345 
233.387 
211,086 

222,563 
291,365 
144,629 
48:529 
10,145 
3,196 

161,281 
408,001 
290,633 
205,372 
1,164,891 


146,048 

10,966 
9,279 
5,154 
17,949 
12,960 
4,782 

9,946 
9,046 
3:509 
6,717 
10,954 
12,395 

14,862 
11,444 
4.219 
1,497 
273 
106 

24,000 
32,308 
18,439 
15,561 
55,740 


592,914 

17,089 
14,907 

2,435 
10,210 
14,367 

4,677 

29,702 
17,572 

2^:i? 

48,219 
52,710 

84,483 
81,413 
73,733 
58,648 
24,500 
31,160 

33,767 
25,240 
48,034 
31,006 
454,866 


106,024 

1.033 
•4.322 
•892 
•16.289 
•3,899 
•5,348 

1,745 
•5,473 

4.696 
•2:353 

6.861 
12.844 

17,544 
15,262 
6,346 
1,737 
279 

6,950 
20,485 
11.058 

6.557 
59.974 


524,79a 

678 
•746 
•2,958 
•45,610 
•13,967 
•21,083 

1,394 
•10,949 

7.646 
•4,710 
15,478 
51.353 

80.434 
118.240 
65,287 
32,460 
12,750 
39,165 

4,338 
59.510 
29.478 
16,305 
415,167 


611,399 

23.523 
34,743 
87,157 
74,261 
57,074 
46.243 

44:221 
24,300 
24,697 
50,493 
30,420 

38,715 
30,022 
8,318 
2,741 
419 
159 

106,575 
170.183 
107,719 
65,635 
161,287 


234,414 

-168,628 
16,438 
51,731 

?i:S^ 

36,575 

^^ 
1,872 
17.387 
25.101 
11,555 

21,865 > 
79,039 

Zt 
3,857 
2.190 

-122,039 
66,975 

g:!?l 

195,207 








jeoOO under $8000 






J12 000 under J14 000 








$20,000 under $25,000 




$50 000 under $100000 








$1 000 000 or more 


All returns, summary: 


$5 000 under $10 000 












Statutory adjustments 


Total deductions 


Taxable 


income 


Income tax 
belore credits 


Size of adjusted gross income 


Total 


Sick pay exclusion 


Number ol 
returns 


Amount 


Number ol 


Amount 


""el™"' 


Amount 


Number ol 


Amount 


Number ol 


^ 




(31) 


(32) 


(33) 


(34) 


(36) 


(36) 


(37) 


(38) 


(39) 


(40) 1 


Total 


2*9,615 

12,043 
16.600 
22,595 
29,885 
17.754 
22,890 

16,166 
21,454 
14,205 
9,964 
23,039 
24,242 

38,683 
24,213 
5,243 
1,273 
131 
36 

32.038 
67,039 
50,616 
33,063 
116,859 


599,399 

53.716 
52,263 
33,390 
24,062 
21,123 
30,412 

24.166 
30,717 
19.432 
19,672 
35,118 
52,993 

87,948 
83,615 
22,421 

379 

110,959 
73,596 
67,083 
57.316 

290,446 


39,724 

•8,235 
•8,488 
•5,997 

;3,O30 

•586 
•2,076 
•2.606 
■1,527 

•492 

•3,081 
•199 
•38 
••12 

16751 
•9,268 
•4,922 
•4,961 
3,822 


121,214 

•38,732 
•37,688 
•12,166 
•665 
•5,998 
•2,639 

•4,916 
•1,682 

•435 

•8,662 
•589 
•69 
••13 

76,665 
•18,684 

•6,294 
•10,903 
9,769 


4,546,547 

738,677 
661,895 
414,800 
360,430 

280,589 
244,%1 
174,487 

238: 173 
159,952 

220,186 

109,190 

28,580 

7,722 

1,028 

366 

1,089,219 
1,505.113 
779.786 
407,234 
766,196 


15,580,233 

689,425 
1,097,470 
1,656,164 
1,694,380 
1,076197 

942,542 

762,376 
758,277 
607,389 
528,306 
987,969 
701.761 

1,393,298 
1,270,523 
687,273 
486:564 
194,147 
247,174 

2.373,818 
3,638,817 
2,120,967 
1.477,932 
5.968.708 


3,428,859 

447.118 
631.077 
404,291 
360,028 

279,916 

174:467 
124,100 
237,830 
159,746 

220,102 

108,789 

28,497 

7,695 

1,018 

361 

69.703 
1,412.783 
777,708 
404,627 
764,038 


37,580,320 

270,928 
1.211,876 
1,563,877 
2,026,819 

2111.128 
2,258,499 
1,890,012 
1,576,819 
3,642,216 
3,253,758 

6,226.927 
5,729,303 
3,068,027 
1.702,630 
491, 69C 

26,393 
3,021,287 
5,369,943 
4,493,333 
24,670,364 


3,428,861 

••447.120 

631.077 
404,291 
360,028 

279,916 
243,834 
174,457 
124,100 
237,830 
159,746 

220,102 

108.789 

28.497 

7.695 

1,018 

361 

69,705 
1.412,783 
777,708 
404,627 
764,038 


10,235^5 1 

1 
••38,139 

177,541 

IS:;f7 

364,634 
405,301 
351:338 
302.168 
736,648 
717.091 

1,587^56 
1,998.089 
1,386,343 
917,707 
301,532 
372,409 

45!:^ 
919,645 
839,313 
8,017,076 




















$20 000 under $25 000 




$30 000 under $50 000 ... 








$500 000 under $1 000 000 




All returns, summary: 
Under $5 000 













Individual Returns/ 1976 • Age 65 or Over; Credit for the Elderly 



145 



Table 4.2— Joint Returns With at Least One Taxpayer 65 or Over: Selected Income and Tax Items by Size of Adjusted Gross 
Income— Continued 

[All figufes are estmales based on samples— money t 





Tax credits 






Size ot adiusted gross income 


Total 


Oeditlor 
the elderly 


Earned income 

credit used 
to offset income 
tax before credits 


Income tax 
after credits 




Number ol 
returns 


Amount 


Number of 


Amount 


Number ol 


Amount 


Number of 


Amount 




(41) 


(42) 


(43) 


(44) 


(45) 


(46) 


(47) 


(48) 


Total 


3,42».M1 

"447,120 

631,077 
404,291 
360,028 

279,916 
243,834 
174,457 
124,100 
237,830 
159,746 

108!769 

7,695 
1,018 

69,705 
1,412,783 
777,708 


•11,704 

••27,301 

62,646 
53.250 
59,025 

52,981 
49,679 
35,175 
24,454 
51,399 
44,577 

61,267 
39,158 
24,450 

7,745 

3.377 
139.821 
139,266 
82,049 
247,191 


J2»,714 
••29.724 

96.730 
68,424 
60,474 

30,945 
20,775 

6,913 
•2,466 

5,033 
•1,935 

•3,297 
865 
108 
••25 

•2,761 
192,117 
104,739 
18,834 
11,263 


57,751 

••1.785 

13,331 
13,484 
13:570 

6,798 

1,193 
•540 

■1,107 
228 
28 
"9 

•35 
28,565 
22,343 

3:i05 


14,233 

•1,106 
13,127 

14,233 


1,114 

•121 


3,095,491 

••206,771 

551,643 
398,585 
358,953 

277.865 
243.324 
174,401 
124,100 
236,176 
159,746 

219,937 

108,556 

28,469 

7,673 

13.778 
1.143,121 
772,602 
404,061 
761,929 


•,624,1«1 






KOOO undef $6,000 


1 14.895 


$8,000 undef $10,000 


190.901 




311.653 


$14,000 undet $16,000 


355.621 


$ie 000 under $20 000 


277,714 




685,249 




672,514 


$30,000 undei $50,000 

$50 000 undef $100 000 


1,525,989 
1,958,931 




1,361,893 


$200,000 under $500,000 


904,646 


$1000 000 Of more 


364,663 


All returns, sumrtaiy 




$5000 under $10 000 


316,444 




780,379 


$15,000 under $20,000 

$20,000 or more 


757,264 
7,769,885 


Size of adjusted gross income 


Total inc 


ometax 


Earned 

credit usei 

allothe 


income 
j 10 offset 


Total tax liability 


Earned income credit, 
refundable portion 




Number ol 
returns 


Amount 


Number ol 


An^nt 


Number of 


Amount 


Number of 
returns 


Amount 




(491 


(50) 


(51) 


(52) 


(53) 


(54) 


(55) 


(56) 


Total 


3,097,348 

••351 

398,586 
357,316 

277,891 
243,483 
174,447 
124,103 
236,464 
159,746 

220,042 
108,912 
28,542 

'364 

14,129 
1,143.169 
772,971 
404.269 
762,810 


«,»36.024 

••3,978 

11,146 
114,895 
190,937 
277,218 

318,592 
356,368 
317,315 
277,951 
689,427 
679,825 

1,553,206 
1,996.185 
1,398,510 
939,468 
314,650 
396.351 

4,361 
316.595 
788,045 
759.400 
7,967.623 


15,047 

535 
5.641 

10,879 
4,168 


1,759 

57 
662 
879 
162 

1,330 
429 


3,297,912 

55,272 
70,975 
262,507 
562,476 
403,045 
357,793 

279,604 
243,965 
174,487 

236!743 
159:746 

220,075 
109,024 
28,560 

{026 
364 

173,547 
1,180,728 
775,367 
405,018 
763,252 


10,132,178 

8,909 
10,171 
25.372 
130.537 
207.373 
293.950 

335.066 
371.404 
332.230 
289.677 
719,675 
706,090 

1,602,807 
2,035,542 
1,407,993 
943,082 
315,386 
396,915 

26,599 
355,763 
826,116 
794,211 
8,127,489 


72.050 

12,527 
29,104 
26,823 
•3,596 

58,623 
13,427 


13,016 


$2000 under $4 000 


6,177 


$4 000 under $6 000 


5,889 


$6,000 under $8,000 

$8,000 under $10,000 

$10,000 under $12,000 


•331 






$16 000 under $18 000 










_ 






$30 OOO under $50 000 










_ 






$500 000 under $1 000 OOO 








All returns, summary 

Under $5,000 

$5 000 under $10000 


r^ 










$20000 or more 









If of sample returns on w 



t include the data tt 



146 



Individual Returns/ 1976 -Age 65 or Over; Credit for the Elderly 



Table 4.3— Returns With Credit for the 



Elderly: Selected Income and Tax Items by Size of Adjusted Gross Income 

in thousands ol dollars] 





Number of 


Adjusted 
gross income 
less deficit 


Number of 
exemptions 


Salanes and wages 
(gross) 


Total TOt profit 


Sales of capital assets 
net gain less loss 


Size of adjusted gross income 


Total 


For age 65 
and over 




Number of 
lelums 


Amount 


Number of 


Amount 


Number of 
returns 


An^unt 




(1) 


(2) 


(3) 


(<) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


Total 


1,010,S34 

••53,923 

207.454 
262,861 
152.126 
123.188 

63.108 
48.356 
27.953 
16.372 
27.317 
15.041 

11,354 
1,583 
170 
•23 
"5 

162,153 
514.211 
215.772 
63,205 
55,493 


9,672,393 

••199.542 

1,030.449 

i:375:080 
1.342,832 

808.294 
717,157 
472,276 
308,723 
604,350 
404.055 

405.649 
95.068 
19.291 
•5.893 
"27.598 

687.568 
3.773,640 
2.577.027 
1.072.255 
1.561,904 


2,546,509 

"100,281 

428,379 
668,876 
413,898 
359,917 

192.156 
137.903 
76.213 
37.314 
65.089 
34.818 

28.337 
4.701 
536 

310.441 
1.300.993 
636.384 
167.119 
133.572 


929,138 

"46,357 

185,673 
294.009 
152.346 
126.907 

60.431 
33.030 
14.823 
•3.609 
5.232 
•1.935 

•3,330 
1,288 
132 
•30 
"6 

142.807 
535.578 
209.145 
29.655 
11.953 


334,780 

"14.913 

47,058 
73.768 
46,775 
46,440 

24,872 
27,156 

9,195 
13,475 
17,196 

7,088 

6,142 
•620 

••17 

36.145 
146.369 
89.936 
31.202 
31.128 


2,056,466 

••27.205 

169.732 
357.708 
311.569 
284.719 

147.172 
196.941 

64.086 
118.715 
210.124 

73.215 

81.971 
•10.668 
•3.532 
••130 

90.375 
775.839 
671.202 
239.431 
379.640 


102,069 

"3,821 

13,445 
22,808 
17:259 
14.628 

10,166 
4,019 
5,044 
2,076 
4,624 
2,190 

1,266 
590 
92 
•_17 

12,553 
44,780 
26,791 
9,162 
8,763 


109,086 

••4.454 

10.309 
7.721 
10,101 
17.123 

11.077 
7.642 

10.498 
4.386 
7.484 
4.998 

5.848 

-1,916 

2,305 

•145 

••6913 

11,693 
20,891 
32,804 
17,922 
25,776 


211,822 

••8.794 

24.021 
71.370 
24.258 
30.543 

13.544 

6517 
4.183 
6.998 
7.832 

6.235 
1.207 
151 
•23 
'?. 

25.138 
103.305 
46.125 
12,805 
24.449 


200,70 

21.78 

^:Ji 

48,20 

11.99 

-96 

4,23 

•71 
"7 

■ 

7.16 
58,811 

s 




$2 000 under $4 000 








$10000 under $12000 






$16,000 under $18,000 


$20,000 under $25,000 

$25,000 under $30.000 


$30 000 under $50 000 






$200 000 under $500 000 


$500 000 under $1 000 000 




All returns, summary: 
Under $5,000 




$15 000 under $20 000 


$20,000 Of mote 




Dividends 


Interest received 


Pensions and annuities | 




Before exclus»n 


In adjusted 
gross income 


Total 


In adjusted 1 
gross income | 




Number of 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


Number of 
returns 


Amount 




(11) 


(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


Total 


365324 

"12,079 

64 869 
93>23 

47il30 

26,942 

12i368 
71217 
15,780 
11,101 

7.435 
1.466 
167 
•23 
"5 

46.180 
177.086 
80.683 
25.898 
35.977 


502,180 

••13.568 

54.319 
122.205 
41.842 
53.168 

36.350 
28.737 
22.127 
19.943 
32.145 
15.699 

39,823 
14.174 
3.655 
•3,084 
"1.342 

40,193 
191,741 
104,413 

55,913 
,09,921 


277,858 

"7.101 

44.297 
73.766 
42.644 
32.245 

23.696 
9.859 
8.488 
•4.931 
14.273 
9.512 

5.496 
1.356 
164 
•23 

31,450 
136,358 
61,304 
17,915 
30,831 


461,334 

"12.591 

48.681 
112.887 
36.042 
47.609 

33.078 
26.832 
20,336 
•18,917 
29,760 
14,054 

38,587 
13,911 
3,626 
•3,080 
••1,341 

36,452 
173.751 
94.500 
52.272 
104.359 


914,404 

"49.871 

182.200 
235.161 
139.236 
108.552 

60.087 
44.891 
25,354 
16,173 
25,819 
13,926 

11,354 
1,583 
170 
•22 

457:325 
196.867 
58.190 
52.879 


2,014,925 

••78.406 

300.098 
526.180 
273.060 
262.030 

171.078 
84.946 
54,491 
33,048 
80,244 
68,744 

60.941 
18.123 
2.632 

240,354 
937,390 
486,025 
119,568 
231,588 


645,403 

•18,074 
111,390 
149,989 
107,756 
86,294 

47,564 
39.854 
26.377 
12.730 
19.871 
13.091 

10.920 
1.339 
143 

74.953 
312,256 
157,314 

45:375 


4,591,525 

•49.866 
385.210 

699:069 
684.587 

426.924 

304: 125 
136.401 
278,997 
238.923 

219.546 
28.860 
2.585 
"266 

232.499 
1.614.830 
1.348.055 
626.%5 
769.175 


641,601 

•18.074 
111.390 
149.989 
107.728 
85.046 

46,286 
38,606 
26,377 
12730 
19,871 

10.920 
{339 
_143 

74.953 
312.228 
153.540 
55.505 
45.375 


4,4«1,7a 

ii 




$2 000 under $4 000 


%A 000 under $6 000 






$10 000 under $12 000 






$16 000 under $18000 


$18,000 under $20,000 




$30 000 undei $50 000 






1,556:B4' 
1,266,12: 
605,24- 

758,79- 


$200000 under $500000 


$500 000 under $1 000 000 




All returns, summary 

Undei$5.000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 or more 



Individual Returns/ 1976 • Age 65 or Over; Credit for the Elderly 



147 



ible 4.3-Returns With Credit for the Elderly: Selected Income and Tax Items by Size of Adjusted Gross 

figures a/e estmales based on samples-money amounts are m thousands o1 dollars] 




Soe of adiusted gross income 


Rent net income 
less loss 


Total deductions 


Taxable income 


before 


credits 


Tax credits 


Total 


Number ol 
returns 


A™.nt 


Number ol 


Amount 


Number of 


Amcnt 


returns 


Amount 


Number ol 


Amount 




(21) 


(221 


(231 


(241 


(251 


(26) 


(27) 


(281 


(29) 


(30) 


177 J»2 

•17.t84 
44.858 

38.491 
27,526 
16,022 

8,213 
5,610 
5,318 
■2,482 
•5,096 
•2.769 

•3.063 
578 
•64 
"18 

46.258 
81.801 
28.436 
9.209 
11.588 


M«,76« 

•26.B79 
106.721 
115,327 
47,377 
24,403 

6.659 

7:662 

•-701 

•-11.737 

•1.945 

•1.840 
13.692 
•207 
••657 

85,521 
212.784 

35,723 
9,135 
6.604 


1,010,833 

53.922 
207.454 
262.861 
152.126 
123.188 

63.108 
48,356 
27,953 
16.372 
27,317 
15,041 

'!:M3 

170 
•23 
••5 

162,152 

63,205 
55.493 


2,340,54 

92.38 
367.6,: 

517,3( 
341.76 
320.4 

162.7 
143.8 
90.7 
56.4 

i05:r 

61.56 

59.4 
15.0 
3.26 
•1.4 
••1.1 

277,5< 
1,041,5 
567,5( 
206,7 
247,1 


« 1,010,833 

53,922 
8 207,454 
5 262.861 
14 152.126 

7 123.188 

» 63.108 

8 48,356 

9 27,953 
2 16,372 
9 27,317 

15,041 

13 11.354 

2 1.583 
9 170 
•0 ^23 

3 "5 

« 162.152 

1 514.211 
>3 215.772 

1 63,205 
7 55,493 


5,420,eM 

32.348 
341.536 
837.154 
722.873 
752.468 

501,429 
469.902 
324,327 
224.245 
450.294 
316.361 

324.903 
76.520 
15,600 

••26:484 

177.568 
1.756.344 
1,532,176 

740,195 
1.214.578 


1,010,834 

••53,923 

207.454 
262.861 
152.126 
123.188 

63.108 
48,356 
27,953 
16.372 
27.317 
15:041 

11.354 
1,583 
170 
•23 
••5 

162.153 
514.211 
215.772 


1,03«,110 

••4.620 

52.772 
138,772 
122,060 
131.328 

89.647 
85:779 
62.420 
44,616 
96.217 
73,050 

83,776 
25.644 

•1^ 
••18.416 

26.471 
291,743 
271,511 
142.280 


1,01033 

••53.92 

207.45 

^% 
123.16 

16.37 
27.3 
15,04 

11.35 
1.56 
1 

162.1 
514.2 
215,r 
63,2( 
55.4 


4 308,205 




3 ••4.452 


1 000 under $4 000 






4 39.853 




1 70,972 




i 50,046 








« 27.131 


'4,000 under $16,000 

16,000 under $18,000 
'8,000 under $20,000 
10,000 under $26,000 
15,000 under $30,000 

10000 under $50 000 


6 22,238 
a 12.716 
2 8,208 

7 14,404 
1 7.336 

A 5.797 


ftOOO under $100,000 


13 1.607 
72 




■3 ^75 










i returns, summary: 


.3 24,064 




1 141,260 




2 82,970 




5 30.504 




3 29.407 






Size o( adjusted gross income 


Tax credits-Continued 




Incom 
alter 


e tax 


Total income lax 




Total tai 


liability 


Dedit for 
theeldedy 


Number ol 
returns 


Amount 


Number ol 


Amount 


Number of 


Amount 


Number of 
retums 


Amount 


Tom 

Kie< $2,000 


(311 


(32) 


(331 


(34) 


(35) 


(361 


(37) 


(38) 


1,01(l,«34 

••53.923 

207,454 
262,861 
152,126 
123,188 

63.108 
48.356 
27.953 
16.372 
27.317 
15.041 

11.354 
1.583 
170 
•23 
"5 

162.153 
514.211 
215,772 
63:205 
55,493 


205,793 

••2.526 

30.028 
50.550 
34.252 
27,599 

17,045 
13:667 
7.596 
4.743 
9.137 
4.576 

3.571 
453 
40 
•8 
".? 

17.759 
99.597 
52,121 
18,529 
17,767 


810,613 

•9,259 
105,887 
213,960 
150,718 
120.178 

62.886 
48.356 
27.704 
16,172 
27,317 
15,041 

11.354 
1,583 
170 
•23 
••5 

44.401 
435.423 
212.540 
62.756 
55.493 


72S,»05 

•168 
12,919 
67,799 
72.003 
88.146 

62.516 
63,54 
49,704 
36,406 
61,81 
65,71 

77.98C 
24.03 
6.536 
•2.31 
"18.29 

2,406 
150,48 
188,54 
111,77 
276.69 


110,906 

••9.260 

105,887 
213,960 
150.718 
120.470 

62.886 
48.356 
27.704 
16.172 
27.317 
15.041 

11,354 
1,583 
170 
•23 
••5 

44,402 
435.423 
212.832 
62,756 
55,493 


732.55 

••17_0 

12.919 
67.799 
72.003 
88.763 

62.516 
63,541 
49,704 
36,408 
82,663 
65,715 

77.984 
24.447 
6.947 
•2.376 
••18,299 

2.409 
150,483 
189,156 
111.776 
278,432 


821,319 

••12.783 

110.269 
215.498 
151.018 
120.691 

62,886 
48,356 
27,953 
16.372 
27,317 
15.041 

11.354 
1,583 
170 
•23 
"5 

51.207 
438.361 
213.053 
63.205 
55.493 


745,248 




15.310 




69.712 




73.240 




90.626 




64,078 




64,089 


6000 under $16000 


50,665 




36,851 




83,102 








78.323 




24.519 


00,000 under $200,000 

■00,000 under $500,000 


••18,310 






1 returns, summary 


3.583 




155.374 




192.973 




113.337 


$20 000 or more 


279.981 















3Ction 5 



State Data 



by 



roduction, 149 

te data, 149 

lod of geographic coding, I49 

; tables 

Returns with earned income 
credit: total and refundable 
portion by States, 151 



Returns with earned income 
credit as percent of all 
returns, by State. 150 

c tables 
Selected sources of income, 
deductions, and tax 

, States, 152 

I Returns with itemized 

deductions: adjusted gross 

i income, itemized deductions, 
taxable income, and tax items, 
by States, 157 

I All returns: number of 

returns, exemptions by type, 
and number of returns by 
number of exemptions other 

, than age or blindness, by 
States, 159 

All returns: income tax 
before credits, tax credits, 
and taxpayments, by States, 161 
All returns: adjusted gross 
income, salaries and wages, 
exemptions, and income tax, 
by size of adjusted gross 
income and States, 165 



Introduction 

Data in this section classify 
taxpayers by State, based upon the 
address reported on the tax return 
as described below. For 1976, 
information on the earned income 
credit by States is shown in table 
5A and in the map in this section. 
Other topics for which data are 
shown include itemized deductions 
(table 5.2), exemptions (table 
5.3), and tax credits (table 5.4). 

State Data 

The tables in this section 
classify taxpayers according to 
the State address reported on the 
tax return, including the District 
of Columbia and, as described 
below, Puerto Rico. Returns of 
service men and women who filed 
from Army Post Office and Fleet 
Post Office addresses and of other 
U.S. citizens living abroad are 
classified in two separate 
categories. 

Residents of Puerto Rico had 
to file U.S. income tax returns 
only if they had income from 
sources outside Puerto Rico or 
income earned in Puerto Rico as 
employees of the U.S. Government, 
and the income on these returns 
was limited to these amounts. 
U.S. citizens residing abroad 
could, under certain circum- 
stances, exclude as much as 



$25,000 of "earned income" from 
their adjusted gross incomes. 
Taxpayers whose incomes consisted 
entirely of such exempt income 
were required to file a Form 1040 
nonetheless, and these returns are 
included in the statistics. Provi- 
sions of both the Tax Reform Act 
of 1976 and the Tax Reduction and 
Simplification Act of 1977 affected 
taxpayers with exempt income 
earned abroad and are described in 
section 1, Returns Filed and 
Sources of Income. 

Method of Geographic Coding 

Geographic coding of returns 
for Statistics of Income was based 
on the address at the top of each 
tax return. Tliis method of geo- 
graphic coding was subject to 
certain limitations. Not all 
taxpayers gave their home address; 
some reported: 

(a) the address of the tax 
lawyer or accountant who prepared 
the return, 

(b) the address of their 
place of business, or 

(c) a post office box number. 
To the extent that such an address 
was located in a State different 
from the taxpayer's home, the 
accuracy of the data was affected. 



149 



150 



Individual Returns/1976 State Data 



Chart 5A 

Returns with earned income credit as a percent of all returns, by State 




Individual Returns/ 1976 State Data 








151 


Table SA.— Returns With Earned Income Credit: Total and Refundable Portion by States 


[All figures are esUmates based on samples-money amounts a;e in ttmusands ol dollars| 




States 


Number of 
returns 


Adiusled 

gross 

income less 

deficit 


Total 
earned 
income 

credrt 


Relundable portron 


Returns v»ith wholly 

relundable earned 

income credit 


Number ol 


Amount 


Number ol 
returns 


Amount 


Untttd SMm, low 


(1| 


(2) 


0) 


(4) 


(5) 


16) 


|7) 


(472,(33 


3019(418 






935,050 


3J93.156 


751,845 












































Muntas 


itsioit 


560,018 


23,312 


84.673 


16.088 


59 703 


12 743 












98.390 


341,340 
















Connecticut 


69:393 


291.011 


13,316 


48.311 


10.703 


40,650 


9,257 


CMawaie 




78.813 


3,544 


12.208 


2.526 




1941 




18,011 


89.439 


2,959 


10.645 


1.883 


•6,397 
155,884 




nSS ^^. ::::::::::::::::::::::::::::::::;:::::::::::::::::::::::::::::::::: 


38:4^ 


Georgia 


208,937 


978,799 


44,455 


144.239 


32.731 


110.678 


28,805 




14,896 
31,237 


68,721 
139,498 


2,837 
5,063 


22:057 


2.129 
3.462 


8.504 
17.411 














92, IOC 


392.453 


18.992 


71,930 


12.955 


43.785 


8:627 


om 


57.221 










27 774 




<»nsas 


42,057 
145,843 
135,336 

31,736 

120,122 
108,391 


201.600 
673.293 
655.901 
143,781 

565.990 
486.431 


8.720 
32.010 
28.424 

6.254 

22.636 
22.291 


25,850 
108,979 
108,796 

23,066 

80,474 
76,869 


5.199 
22.911 
22.913 

4.559 

16.201 
16.662 


79:712 
76.314 
16,160 

58,748 
56,192 


3 518 






^i^„* 


T?:™ 








12 225 


JjJ^J^gjen, 


i5:M9 




118,039 
170,680 


748.363 
473.773 
494,198 

774.368 


34.055 
18.965 
25.094 

32.461 


127,685 
69,711 
%,940 

119,434 


25.897 
10.236 
18.691 

21,233 


98:839 
43,749 
70,615 

79,091 




KXjta :::':::::::::::::::::::::::;:;:;::;:::::::::::::;:::: 






15242 


tmr^r 


17.058 




21,419 


102,062 


3.439 
8.654 


13,444 


1,892 


7:089 










16,510 
16.229 


72.994 
76.647 


2.941 
2.864 


10,946 
10,666 


2,139 
2,158 


9:533 


1821 




MM 






722.999 














56.790 
510.992 
237.427 

19.845 

272.001 
92.233 


268.908 

2.472.036 

1.121.546 

75.446 

1.302.842 
468.107 


11.172 
95.737 
46.585 
3.994 

50,484 
19,007 


39,721 
388,077 
166,131 

176,646 
60,220 


8,620 
70.308 
33,428 

2.457 

32.908 
12.312 


277:724 
119,190 


6,537 




58147 








{857 




24 547 


JWatwma 


10.289 




83.483 


415.198 


15,377 


61.030 


10.593 
35.547 


37.488 
15i:802 










18.416 

106.653 
20.794 
205.532 
542,722 
33,743 


83.680 

473.193 

69.435 

1.083.701 

2.581.272 

176.377 


4,125 

22,918 
3,532 

38,762 

118.680 

5.285 


13.215 

82.179 
11,799 
122.740 
402.118 
18.284 


3.189 

18.438 
1.884 
26,100 
90,485 
3,323 


10.851 

66.799 
5.950 
79.349 
292.223 
12.892 


2.805 
















74.851 


f^ 


2.687 




150:737 
95,615 
56.125 
63,411 

8,004 
•26,859 


52.452 
699.178 
436.271 
247,995 
263,519 

32,171 
•125,533 


2.419 
31.872 
18.561 
11.243 
13.049 

1.858 
•6.398 


8.266 
113.394 
67,550 
40477 
42.782 

6.622 
•23.874 


1,330 
22,950 

9:155 
8,036 


4.800 
82.860 
46.478 
31.405 
28.089 

3.661 
•14.922 






19,861 




9667 


vS"lC«:::;::::::::"::::;:::"::":::::;:::::;;:::;:::::::::::::::::;::;:;:;'^: 




vS»ns,n :;: 






900 


t^oJ?^. :::::::::::::::;::::::::::::::::::::::::::::::::::::::::::::::::::::::;:;:;: 


•4.429 










•4.982 


•1,079 


•4.982 


•1.079 




•9,349 




•1.672 


•3.380 


•64 










•EstrTMle should be used with caution because ol the small number ol sample returns on wf 












Returns filed from Panama Canal Zone, Virgin Islands, and abroad 






NOTE Detail may not add to total because ol rounding 











Individual Returns/ 1976 • State Data 



Table 5.1— Selected Sources of Income, Deductions, and Tax Items, by States 

[AH figures are estimates based on samples— money amounts are in thousands ot dollars] 




1.201,719 
1,339.508 
414,543 

1,655,299 
2,328,108 
3,453.220 
1,571,267 
747.706 



259.719 
1.610.014 
4.B55.352 



167.388 
296.519 
38.594 



13.454.679 
18,559.51: 
3.180.706 
4.133.847 
38.360.226 

20.627.8 
4,625.609 
3.574.8 



3.992.353 
1.072.372 
3.371.397 
6.075.348 
4.252.708 



41.344.934 
4.792.914 

92.225.0 

22.045.1 
2.782.165 

53.076.522 
11.646.800 
11.615.359 
56.911.542 
4,429,605 

11.045,393 
2.620.049 
17.568.751 
59.660.469 
5.483.222 

1.895.462 
25.200.513 
19.549.6 

7,594,7 
21,774.823 

2147.546 



.176,888 
158.450 
756.020 



1.199.083 
212.770 
270.221 

2.766.637 



890,998,631 

12.658.139 

8!038!052 
6.203.551 
97.112399 



162.264 
1.831.207 
1.346.107 

578.700 
1.605.845 



10.970.630 
13.980.; 
3.504.C 

19.714.9 

23.631.764 

40.669.248 



2.601.616 
5.308.652 
3.115.154 
3.412.6 



9.474.445 
9.447.258 
48.283.367 
3.858,025 



1.525.908 
21.601.503 
16.215.363 

iei012>52 



102.551 
22.656 
87.809 
82.568 

964.797 



150.067 
35.442 
42.683 
358,790 
177,990 



128.155 
177.615 
257.693 
156.319 



44.850 
486.773 
167.831 

26.051 

330.858 
132.439 
106.533 
355.908 
26.251 

79.954 
33.242 
142.631 
530.963 



396.871 
408.365 
5.870.275 



664.583 
640.441 
643.437 



1.012,548 
196,865 
366,952 
149,917 
184,302 



210,439 
3,223.855 
818.871 



420.788 
155.717 
858.839 
3.225.863 
266.392 



2,819,190 

67.237 



29.715 
137.817 
115.703 



122.525 
29.503 
5.015 



147.107 
23.504 
82.670 
2.903 
2.340 

6,873 
22,835 
51,210 
96,939 



-64,276 
-10,519 
-26,450 
138,787 
-125,247 

-25,736 
-12,339 
23,258 
-1,961 
-32,097 

-111,920 



-2.319 
34.519 
318:914 



57.714 
234.535 
-24.783 



35.878 

114.506 

6.575 



42.351 
191.760 
21.230 



47.354 
24.567 
117.114 



Individual Returns/1976 • State Data 



153 



lie 5.1— Selected Sources of Income, Deductions, and Tax Items, by States— Continued 





dollars] 


















stales 


Sales ol capilal 
assets net gam 


Sales 
other th 


property 
n capital 
net gain 


Domestic and loreign dMdends received 


Interes 




Total 


In adjusted 
gross income 




Number ol 
returns 


Amount 


Number ol 
returns 


Amounl 


Number ol 


Amount 


Number ol 


Amount 


Number ol 


Amount 




(11) 


(121 


(13) 


(141 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


».518,608 

76.W7 
17,011 
101.922 
65.375 

144.259 
139.963 
20.102 
25.866 
379,830 

134,921 
38,328 
47,087 

222:131 

195.906 
148.759 
117.397 
67.503 
35.108 

131.996 
181,972 
331,774 
241:275 
59.184 

220.240 
49.478 
96.526 
25.584 
28.496 

262.328 
46.283 
694.013 
138.967 
48.635 

328.409 
113.152 

352:324 
27.320 

73.124 
50.272 
101.704 
456,728 
53,499 

22.051 
164,675 
190,517 

38.110 
232,356 

24.046 
4.439 

30.270 


18,561,853 

192.437 
53.276 
229.627 
173.559 
2.557.080 

292.870 
220.761 
18,928 
51,579 
1.072.691 

509.136 
77.232 
101.456 
1,219.872 
309.459 

305.979 
295.921 
316.751 
155.933 
46.789 

326.031 
279.179 
655.887 
486:236 

410.026 
126,471 
210,701 
90,955 
64,797 

435,476 
85,008 

■343:825 
97.474 

635.609 

447:024 
610.246 
59.004 

149.849 
130850 
258:i71 
1.476.430 
107.644 

36.510 
330.797 
360.070 

97.988 
334.009 

72,150 

-2,470 

243 

56,753 


1:S? 
97,559 
IS 

1,124 
^^ 

'J:l^? 
11,477 

58.815 
36.653 

53.483 
34.160 
21.960 
8.628 
3.497 

8.459 
8.448 
45.619 
28,032 
9,161 

37,041 
13.097 
33.787 
2.662 
1.751 

6.631 
5:575 
29.912 
20.970 
17.568 

32.970 
27.476 
22.972 
33.233 
573 

6.421 

1 7:032 
96,898 
5,428 

20:554 
28,015 
5.828 
50.927 

5.761 


155,388 

-298 

1.541 

-4.306 

17.686 

-14.749 

11.095 

-30.984 

160 

242 

-10.177 

-7.506 
4.339 
9.391 
11.297 
1.425 

47.889 
26.899 
17.530 

-562 

-3.822 

-10.770 

-54.142 

34,567 

8:871 

15:210 

-;^:!r2 

-2,513 

-64,373 
6.449 
15.002 

-3.335 
24.260 
50.604 
6.985 

-1.076 

-4.012 

50.191 
-6.287 

-3,742 

2,644 

-39,685 

1,996 

28,481 

-676 
3,97"9 


13,585,328 

128,260 
19.902 
161.659 
65.735 
1.422,147 

190.377 
309.354 
50.259 
60.045 
613.608 

179.508 
72.586 
39.816 
822.959 
339.831 

213.583 
176.208 
155.171 
139.877 
69.889 

278.688 
426.957 
595.663 
270.590 
64.836 

286.490 
52.751 

32:252 
63.315 

667.755 

1.280:709 
254,430 
39,241 

716,180 
111,729 
154,541 
780.105 
70.343 

101,181 
37,457 
160,799 
631.378 
58,127 

278:262 
252,511 
83,528 
314,820 

25,206 
13,907 
2,528 
34,979 


25.899,879 

54:659 
380,020 
121,015 
2,676,517 

273,095 
753.667 
167.392 
191.049 
1.906.670 

314.505 
137.587 
45.395 

'550:370 

227,386 
285.005 

184:289 
121.793 

430.515 

1,059:409 
363,074 
110,560 

6i:629 
138,076 

93,052 
130,459 

1,258,655 
86,695 

3,062,366 
430,054 
32,747 

1,201,807 
210,778 
184,718 

1,513,592 
103,306 

169,090 
50,826 
268,955 
1,189,989 
108,756 

67,612 
505.700 
334.449 
143.053 
509.873 

53.879 

3.724 

503 

122.348 


9,039,758 

77.160 
10.334 
99.905 
45.060 
944.550 

132.984 
226.611 
33.360 
48.195 
460.399 

43: 164 
19.616 
530.078 
220,938 

123,328 
113,719 
112,171 
90,995 

178,009 
282,146 
409,671 
165,828 
39,603 

190,816 
33,318 
78,682 
18,949 
39,106 

463,129 
33,574 
893,121 
163.564 
26.240 

466.604 
72.411 
94.448 

528.403 
41.033 

62.133 
26,730 
95,466 
412,931 
34,174 

26,333 
198,860 
174,521 

53,267 
201,189 

14,335 
7,320 
1,701 

29,202 


24,461,943 

166,505 
53,178 
362,250 
113,525 
2.519.316 

IS 

185.216 

299.435 
130.565 
41.403 
1.382.165 
517.725 

209.940 
266.290 
282.581 
169.620 
114.160 

401.268 
894.075 
993.176 
337.537 
103.568 

590.340 
56.621 

126.495 
89.961 

124.585 

1.183.349 
80.772 

29.560 

1.129.640 
199.070 
169,753 

1,427,522 
96,532 

158,845 
47,179 
254,021 
1,120,565 
103,345 

63,455 
475.933 
308.542 
134.340 
478.338 

^ 51.538 

2.521 

252 

118.269 


42,569,233 

456.235 
77.175 
441.494 
297.111 
4,441.367 

573.540 
655.487 
114,464 
129,595 
1,688.261 

650,752 
252,575 
148,681 
2,489.705 
1,107.382 

682.898 

505:971 
518.470 
200.800 

847,161 
1,412,449 
1,812,010 
909,272 
222,195 

881,944 
164,157 
357,583 
116,521 
205,810 

1,687,434 
184,401 

3,906,291 
866,644 
139,653 

2.237.831 
422.841 
558.627 

2.523.275 
213.999 

360.099 
147.836 
589.345 
1.848.435 

104.303 
931.366 
821.443 

1.177:619 

86.897 

61.070 

3.710 

100.290 


48,588,111 

355,351 
73,132 
584.399 
362.328 
6.089.273 

571.401 




^ ::::::::;::::;:::::::::::::;::::::: 


rado 




117.588 
216.422 
3.002.927 


et 01 Columbia 










156.049 
2 991 425 




Pj 






776.925 
618 767 


ucky 


561.776 






land 


732 859 


achuselts 


1.509.753 








288 299 




1 093 331 


^ 








da 


140.772 
1 74 886 








203 313 




5216144 












2 063 272 


™™ 


510630 










lelsland 

1 Carolina 


188.791 
362.048 








2 434 819 













842,878 




969 950 


"TL :::;::::::::::::;;;:;:;:::;::::;::::;:;: 




J 






110,532 


Tn ;::::::;:::;:;::::::::;::::;:::::::::;::::;::; 








. citoens abroad- 


166,947 



164 


Individual Returns/ 1976 • State Data 












Table 5.1-Selected Sources of Income, 


Deductions, and Tax Items, by States-Continued 












(All figures are estjmales based on samples-money amounts a/e 


thousands of dollarsl 














Rent net income 


Royalty net income 
less loss 


Estate or tnjst 


Pensions and annuities 


Small Business 




Slates 


less loss 


net income 
lossless 


in adiusted 
gross income 


Corporation nel 
income less loss 






Number ol 
returns 


Amount 


Number ol 


Amount 


Number ol 


Amount 


Number ol 


Amount 


Number ol 
returns 


Amouni 






(21) 


(22) 


(23) 


(241 


(25) 


(26) 


(27) 


(28) 


(29) 


(301 














2,871,407 

32.272 


S.538,»4« 

50146 


24.556,210 

265 615 


642.980 

11 446 


H75 9( 




79,909 


75,766 


5,266 


25,297 


13,201 




Alaaka 


15,652 






4,665 


2,014 


5 56E 


4 814 




1 196 




Anzona 






















Aitansas 






















CaBfomia 


821,066 


-28,304 


66.396 


145,952 


11i:763 




586696 


2 838 725 


26226 


16 3' 


Colorado 






















Connecticut 


84 319 


27 560 


2 524 


9086 


19333 


62 76( 


82 598 








DeiawST.::;;;;::;::;::;::;:;;:;:::::;:;::;::;:::::::::::::::::; 


13,485 


11,051 




165 


2:3i 


24.844 


15 583 


64 521 


1 750 


^^1 
























Flonda 






















Geotgia 


114.948 


79,276 


4,275 


9,109 


14.176 


62,290 


58.069 


316,207 


18 503 


82 7 














































Illinois 


383,072 


350,652 


32,024 


26.525 


32.012 


106,457 


315.841 


1,143,556 


28,949 


49 • 




213 460 


289 492 


12,108 


10 034 


23 387 


68 765 




602,411 


30,799 




Iowa 




















Kansas 


135,702 


205,222 


22,069 


43.144 


13,228 


20,251 


71.774 


259:234 


7,392 


25 3- 




121:533 


109,838 




14.976 


9,082 


































Maine 


88.981 


8,208 
28,325 


1,021 
4,011 


1.345 

2,397 
12,154 


8,619 


15,329 
33.882 


26.564 
121.320 


112.744 
726,701 


1,240 












Midiioan 


237,982 
130,295 


85,991 
181,798 


18,242 
1,783 


1>83 


25,432 
18,361 


47,529 
53.879 


63:661 


878,643 


22,504 




MiSa-:;::::::::::::::,::::::::::::::::::::::;::::;::::::::.::: 






42,197 


21,50f 


9,704 


36,439 


2,069 


































Montana 


40,580 


44,295 


6.276 


16,168 


1,906 


4.787 


19,573 


60,653 


5,239 






87,956 


226,326 


6.308 


3:718 


1,183 


4.520 


28,918 


86,359 


8,735 








New Hampshire 


23,458 


-6,816 


1.267 


458 


4,405 


22.50C 


22,565 


tl4,35C 


3,316 






194,548 




9.393 


6,201 


24291 


































New York 


450,811 
182,042 


-36,839 
178,542 


2!530 


34,381 
1.695 


61.925 
18.726 


251.506 
59,855 


499.908 
92.965 


2,075,706 


77,529 
14,885 




North Carolina 


765 
























Ohio 


357.341 
117.738 


143.012 


16.200 
54.492 


18i:i27 


30.308 
11.182 


95,523 
72,420 


268.475 
64,110 


1,004,430 
223,999 


21,405 
8,581 




oklkma ;;::;;::;:;::::;::::::;:;;:;:::::::::::::::;:;;:::::;::: 


57,2 


























288.932 


56.134 


6.159 


18,646 


54,492 


140041 


364,367 


1,492,665 


15,066 


-20.? 


Rhode Island 


33.774 
72.803 


-6.820 
55,796 


463 
848 


1,740 
2,098 


1,921 
11,185 


3,727 
52.943 


27,179 
49,499 


101,066 
277,787 


3,489 
5,971 




South Carolina 


18,3 


SouthDakola 


40.01 £ 


82.246 




-769 


95C 




14,5« 


72,273 


2,342 




Tennessee 


120,70C 




3.132 






















146.100 


885,121 


60,11< 


347.759 


265,135 










36,696 
16,759 


27.279 
3.403 


4.762 
882 


11,280 

658 
10,873 


5,149 

2,636 
21,347 


14.358 


28,132 

9.802 
149.693 


38,633 


7,753 
1,505 


27 5 












148,285 
50,006 


135.284 
48.510 


7.772 


33,243 
4,719 


12,226 
2,513 


14,987 
5,164 


139.054 
43.025 


604,649 
145,787 


17.768 
4.534 


60 6 


WMr'a:::;::;::;::::;;:;::;::::;:;:::::;:;::;::;:;::;:;:;:: 


9.2 




140,168 

20,935 
13,017 


120.499 

32,683 
-15,544 


7.087 

3.904 
1.296 


3,372 

19.003 
96 


19.836 
1.330 


29,564 
3,646 


133,825 

7,517 
4,959 


428.888 

24.637 
24.771 


14.281 
3.018 




Wvoniina 


135 


XfS)'':::::::::::;::::::::::;:::::::::::::::::;::::::::;::::: 






3,981 
15,043 


-2,279 
-1,807 


1.451 


7,571 


249 
3.245 


170 
4,609 


8,924 
22,420 


39.136 
135,551 


6 




U S citizens abroad! 


2 








Footnotes at end of table. 

























Individual Returns/ 1976 • State Data 



165 



able 5.1— Selected Sources of Income, Deductions, and Tax Items, by States— Continued 

as are estimates based on samples— money amounis are m thousands ot dollars] 



402.942 
62.613 
341.343 



419.770 
433.593 
70,923 
95.221 
870.427 

507,424 
124.814 
93.832 
1.364.478 
496.032 

320,312 
267.221 
319.845 
302.135 
88.014 



497.781 
79,829 
150.500 



285,491 
51.851 
338.832 



48.581 
584.670 
462.499 

79.341 
603.875 



2,074. 
2.443,827 
377,756 



1.395,012 
1.408.285 
377.646 

3,524,662 
4,102.646 
6,235,553 
3,117,034 



2,315,021 
370,536 
738,746 
465,65' 
342.394 

5.544.234 

553.331 

16,185,224 

2,737,414 



5,011,927 
1.249.567 
1.587.601 
5.750.242 



1.267,492 
213,210 
1,608,234 
5,373,627 
908,091 



897,442 
163,313 
210,286 
2,429,330 

1,327.952 
236,191 
224,703 

3.219.455 



224.338 
462,745 
196,786 



1,036,785 
557,778 
1.202,507 



113,753,788 

1,651,204 



10,371.790 
1.233,557 



1.232,424 
1,733,094 
2,052,914 
638,318 

1,879,374 
2,936,930 
4,158,952 
1,792,656 



3,728.615 
638,526 
7.831,345 
2.823,905 
402.764 



263,307 
2,708,915 
2,091,089 
1,164,055 
2,330,404 



544,498 
44,348 
217.738 



2.347,874 
2,029,699 
22,580.920 

2,548,015 
3,387,995 
571,248 
664,184 
8,445,597 



3,017, 
2,367,047 
3,216,762 
3,613,227 



5,621,864 
8,909,655 
3,995,046 



10.745,442 
2,680,398 
2,495,557 



464,734 
4,917,512 
3,744,924 



1,911,011 
2,540,996 
428,436 



2.262,787 
1.775.285 
2,412.572 



3,053,192 
4,216,398 
6,682,24 
2.996,285 
1.523,292 

3,587,036 
588,265 

1,210,556 
505,325 
658,175 



1,011.57' 
149,039 
670,697 
571,554 

7,316,248 



744,67 
935,740 
1.083.259 
315.453 



2,819334 
1,278,628 
575,934 



2.456.691 
348.489 
5.778.922 



3.481,297 
809,595 
793,187 



834,228 
204,283 
1,263,820 
3,844.996 



143.839 
1,615,512 
1,229,754 

520,112 
1,431,164 



8,753, 
2.453.509 
5.956.965 
4.685.620 



8.591,872 
12.257.204 

2.127 

2.755.953 
24.182.771 



9.180.83 
7,124,220 
8,308,198 
10,332,746 
2.605,117 



4,586,823 
2,374,163 
2,622,058 



2,916,085 
57,431.833 
13.288.502 



10.987,526 
39.120.510 
3.240.790 

1.129.184 
16.281.724 
;3,051,727 

5,005,865 



493,658 
106,025 
343.124 



645,335 
1,060,625 
182.452 
250.882 
2,452, 

1,392726 
273,090 
237,945 
3,670.336 
1.627.236 

854.214 
683.260 
857.285 
990.848 
290,842 



1,392,495 
220,239 
449,779 



3,296,587 
761,374 
727,892 



130,695 
1,536.352 
1.159.599 



124.796 
245,028 
21,450 
89,050 



3,156,586 
3,737,984 
6,502,450 
2.424.579 
880.035 

2,923,042 
404,832 
697,472 
512.249 
517.933 

5,937,607 

565,525 

12.264,912 

2.607,283 
343.305 

7.305.100 
1.494.532 
1.486.282 
7,740,064 
564,022 



3,370.620 
2.744.475 
1.024.230 
2.725.285 



156 



Individual Returns/ 1976 • State Data 



Table 5.1— Selected Sources of Income, Deductions, and Tax Items, by States— Continued 



All figures are estimates based on samples-money amounts are in thousands ol dollars] 








Suies 


Total income taji 


Total tax liability 


Number ol 
returns 


Amount 


Number ol 


Amount 




(41) 


(42) 


(43) 


(44) 




64,«2t.3«7 

915.758 
142,477 
608.137 
511,669 
6.860,821 

845,932 
1.061.003 
182,515 
251,015 
2.452,741 

1.392.971 
273.269 
238.214 
3.673.320 
1.627.275 

855.143 
683.311 
857.938 
991.087 
290,884 

1.276,288 
1.773,942 
2.691,314 
1.153.883 
512,289 

1,392,584 
220,398 
449,898 
227,224 
280,789 

2,338.206 
316.110 
5.467.484 
1.494.685 
184.534 

3,299.335 
762.139 
728.656 

3,639,958 
301,210 

776,425 
188.699 
1.167,043 
3,559.138 
358.792 

130,700 
1.536,528 
1,159.693 

493.023 
1.346.491 

124.847 
245,028 
21.450 
89.104 


141,M1,470 

1.748.165 
585.684 

1,210,175 

925.227 

15.388.154 

1.775.175 
2.783,686 
470,656 
640,247 
5.237,146 

2.496,191 
609,439 
414,716 
9,487,800 
3,612,920 

1,823,594 
1,475,840 
1,687,345 
2,191,718 
501,121 

3,176.782 
3,750.416 
6.536.786 
2.438.452 
889.596 

2.935.833 
408.385 
902.673 
517.827 
521,096 

5,956.874 

571.267 

12,362.765 

2,620.772 
345.553 

7,334,401 
1,523,743 
1,499.678 
7.771.283 
565,717 

1.272,203 
314,912 
2.238,490 
8.739,438 
626,094 

213,129 
3.384,189 
2.755,694 
1.028.541 
2.737,609 

305,552 
235,048 
19,120 
246,547 


65,969,754 

941.654 
144.589 
622.816 
531.588 
6,983.700 

869.648 
1.075,382 
184.903 
252.786 
2,516.632 

1,428.392 
277.535 
250.133 
3,729,239 
1,666.456 

907.623 
709.082 
888.444 
1,015,438 
299.733 

1,297.113 
1,799.768 
2,732,019 
1,220.470 
532,238 

1,447,973 
231.297 
479.822 
232.648 
285,234 

2,365,210 
322,914 
5,560,448 
1,554,797 
200,570 

3.361,532 
798,996 
746,282 

3.701.732 
303.887 

794.565 
207.227 
1.202.146 
3,670,128 
366,240 

136.686 
1,552,156 
1,180,383 

505,591 
1,390,732 

245,oi 

1 


145,748,802 

1 796 554 












Arkansas 


974.990 
15 835 767 


Colorado 

sr 


1,833.081 
2,631,940 
479 644 










SV::::::::::::::::::::;::::::::::::::::::::;:::::::::::::::::::::::::: 


2,568,787 
625,041 


|]^n»s^ 


9.729,094 
3 720,250 








1.552.522 




1.750.294 


Louisiana 










3.235.907 






Michigan 

Minnesota 


6,660,606 
2,545,012 




926,108 








432.675 


Nebraska 


961.285 






New Jersey 


6,062,262 








2.709,543 


North Dakota 

Ohio 


377,913 

7.497,109 
1.600.227 


Oregon ,,^. 


I'^i^ 








1,313.539 






Tennessee 


2,304.523 




8,990.600 




645,415 








3.458,516 




2,833,598 


westZinia ::::::::::;:::::::..: 




Wisconsin 


2,840,664 




318,575 




235.195 




19.372 




252.343 







'Returns filed Irom Army Post Office and Fleet Post Office a 
•Returns filed from Panama Cam 
NOTE Detail may not add to tott 



Individual Returns/ 1976 • State Data 



157 



'able 5.2— Returns 
>y States 

Ul Bflures are eslimales based 



With Itemized Deductions: Adjusted Gross Income, Itemized Deductions, Taxable Income, and Tax Items, 



on samples— money i 



! in thousands ol dollafs] 



llomized deductions 



Number ol 
returns 


Adjusted 
,lS 


Total 


Medical and dental 
expense deduction 


Taxes paid 


Interest paid 


Total 


Home mortgage 


Number of 
returns 


Amount 


Number of 
returns 


Amount 


Number ol 


Amount 


Number ol 
returns 


Amoun, 


(1) 


(2| 


(3) 


(4) 


(5) 


(6) 


(!) 


(8) 


(9| 


(10) 


(111 


35,951.M9 


581,678,757 


133,«90,976 


19,062,751 


12,159,556 


25,860,608 


49,610,062 


23,366,640 


43,415.463 


19,255,525 


27,822,357 


402,942 
62,613 
341,343 

3,486il25 


7.821,174 
2,204.228 
6,525,754 
3,285,677 
78,645,999 


1.773.875 
423.062 

1.613.943 

707,916 

20.741,492 


324,444 
31,984 
268,951 
121,097 
2,591,032 


203.580 
15.725 
167,538 
80311 
1,667,174 


402.942 
62.612 
341.217 
155,109 
3,480,322 


474.450 
167.193 
467.080 
202.475 
7,870,884 


376.066 
55.211 

132:93; 
3.251,931 


638,502 
153,841 
648,231 

7,122:46; 


283,844 
40,882 
264,582 
107.808 
2,711,638 


347.399 
97.546 
416.693 


419,770 
433,593 
70,923 
95,221 
870,427 


8.887,763 
10,824.900 
1,773,428 
2,371,223 
18,573,243 


2,074,110 
2,443,827 
377,756 
559,446 
4.506,677 


312,297 
331,191 
51,314 
78,376 
698,399 


157.461 
239.537 
34,607 
46,073 
618,683 


419.716 
428.392 
69.817 
94.929 
867.219 


753,025 

216,174 
861,945 


399.339 
396.285 
62.718 
77,900 
796,426 


789,774 
837,687 
102,739 
146,429 
1,870,633 


334,951 
356,864 
53,843 
49,636 
684.569 


509.676 
595.316 
66:289 
88,935 
1.193,950 


507,424 
124.814 
93,832 
1,364,478 
496,032 


10,823,512 
2,932.842 
1,822:618 
33,548.024 
11,045,073 


2,620.762 
723.200 
433.713 
7,015.011 
2.163,778 


404,830 
85,841 
74,343 
986,192 
323,345 


244,197 
44,971 
40,302 
837,017 
202,816 


506,176 
123,951 
93.769 
1,355,524 
495,811 


762,545 
260.882 
141.376 
2,389,600 
649,608 


476.844 
115.82S 

1,198:744 
441,082 


1,044.887 
304.226 
158,584 

2,258,136 
843,110 


412.078 
81,338 
73,027 
1,009.270 
401,647 


677,777 
185,606 
102,292 
1,490,506 
517,566 


320,312 
267,221 
319,845 
302,135 
88,014 


7,209.589 
5,843.484 
6,560,086 
6,946,332 
1.765,785 


1,394.161 
1.275.148 
1,395,012 
1,408,285 
377,646 


227,731 
218,639 
237,616 
252,281 
71.392 


129,407 
145,644 
109,680 
160,094 
34,832 


320,312 
267,221 
319.845 
298.950 
87.958 


549,314 
412,245 
505,230 
266,354 


268,865 

isil 

283.299 
78.791 


440,445 
439,047 
468,973 
604,086 
125.764 


234.502 
191.208 
224.958 
233.275 
69,641 


286,062 
267.746 
286.616 
350.643 
87.819 


649,401 
794,717 
1,300,419 
617,756 
188,720 


15,406,175 
16,770.711 
30,099.770 
12.946.439 
3,756,505 


3,524,662 
4,102,646 

3;117:034 
856,104 


496.719 
625.396 
613.253 
490,921 
165,423 


262,446 
433,040 
295,731 
289,812 
105,536 


645.140 
790.933 
1.299,166 
613,473 
188,719 


1,577,059 
2,018,219 
2,822,570 
1,372,482 
233,291 


593.235 
669.011 
1,192,923 
537,619 
170299 


1,101,467 
903,970 

1.868,225 
872,946 
298,933 


474,216 
569,601 
975,448 
451.223 
146.553 


740.665 
655,835 
1,163,867 
577,577 
174.580 


497,781 
79,829 

150.500 
89.805 
72.914 


11,108,390 
1,643,844 
3.285.078 
1.966.711 
1.596.401 


2,315,021 

738^746 
465:651 
342,394 


353.447 
62.174 

124.741 
64.604 
55,091 


43:060 
97,143 
51,067 
27,019 


494.797 
78.870 

150.151 
89.763 
72.485 


736,263 
125.307 
240.025 

121:179 


448.895 
68.615 

130.468 
87.988 
65.150 


775.636 
128.667 
252.054 
221.043 
131.469 


360.145 
55.942 

115,775 
73,210 
60,434 


450.672 
77.168 
166.670 
135.986 
96,028 


1.044.520 
124,194 

2.699.718 
595.461 
49.873 


25.127,925 
2.488,156 
61,407.178 
11.855.998 
1,147,213 


5,544,234 

553,331 

16,185,224 

2.737,414 
235,668 


781,233 
96,099 

■491:888 
42,570 


483.372 

56.204 

1,525.362 

262,368 
28,253 


1,044,298 
123,351 

2,692,581 
590.808 


2.388.460 
152,000 

916:380 
69.600 


922,160 
114,106 
2,334,163 
525,720 
40,501 


1.510,997 
212,426 

3,071,037 
940.273 
78,317 


767.125 
94.584 
1.627,709 
405,403 
33,235 


''?27:779 

1,920,224 

557,549 

51,038 


1.100,870 
259,324 

1. 244^205 
98,087 


24,849,416 
5,634,183 
6,743,438 

27,557,792 
2.157.004 


5,011.927 
1.249.567 
1.587.601 
5,750,242 
470.024 


669,701 
206,261 
221.156 
833.568 
62.705 


347,819 
171,555 
121,593 
473,785 
25.374 


1.100.870 
259.324 
320.140 

1,242.873 
96,789 


1,568.110 
319,114 
634,756 

2.263,880 
208,477 


1,018,968 
228,031 
292,176 

1,089,992 
91.279 


1.942,276 
448,720 
516,839 

1,632,866 
146,643 


902,039 
193.393 
255.131 
897.124 
76,054 


1,315.634 
276.631 
322.322 

1.004.162 
102.242 


285,491 
51,851 
338,832 
999,111 
186,791 


5.588.014 
978.118 
7.340.704 
25.278.375 
3,598,074 


1,267,492 
213,210 
1,608.234 
5,373,627 
908,091 


233.061 
43.853 
275.435 
823.392 
140.316 


127.689 
36.943 
154.428 
586.190 
57.110 


285,491 
51,806 
338.562 
995.762 
186.763 


386.844 
56.276 
316.262 
1,006,077 
284,179 


257.515 
43.579 
317.000 
943.564 
170,743 


464,396 
77,775 
682,411 
2,376,912 
302,634 


209,084 
38,130 

817:929 
136,794 


280,638 
51,409 
391,413 
1,362,470 
186.875 


48,581 
584.670 
462.499 

79.341 
603.875 


952,661 
13,821,122 
9,920,180 
1,994,740 
12.782.701 


219,343 
3,120,909 
2.099.862 

362.544 
2,847,177 


34.710 
445.670 
329.875 

54,826 
398,452 


242:i56 
185,743 
23,776 
158,399 


48.581 
584.670 
462.499 

603:875 


93,197 
1.111,023 
568.606 
102.742 
1.414.906 


42.203 
543.449 
428.102 

5i::^5 


73,241 
1,160.224 
857.060 
137.259 
791,534 


38,397 
475,870 
375,169 

63,124 
421,504 


48.437 
781.526 
566.082 

84.820 
517.801 


37.987 
12.107 
15,392 
44,383 


814.665 
188.486 
209.932 
1.25i;921 


177,684 
51,951 
58,677 

159,778 


27.718 
•3,733 


18.778 
•1.857 
•1.257 
30.088 


37.945 
9.701 
11.740 
28:212 


31.916 
7.949 


35,672 
12,107 
12,901 
29,299 


88,172 
23,925 
35,193 
56.516 


29.821 
•7.065 
11.395 
14.303 


52.090 
•16,176 
27,374 
21,680 




Footnotes ai end of tt 



168 



Individual Returns/ 1976 • State Data 



Table 5.2— Returns With Itemized Deductions: Adjusted Gross Income, Itemized Deductions, Taxable Income, 
by States— Continued 

[All figufOT are estimates based on samples— money amounts are in thousands of doHars] 



Tax Items, 



I deductions— Contnued 



24,434,659 

376.397 
51,977 
320,673 
140,026 
3,310.620 

362,978 



63,541 
1,280.439 
440.378 



460.903 
71.022 

144,517 
82.151 
68.136 



2.650,139 
555.428 
48.64 

1,027.895 
229,434 
269,771 



266,909 
49,000 
304,964 
925.296 
179,082 



548,851 
418.98- 
72.376 
564.623 



311.839 
37.443 
196.577 
143.915 



50.852 
86.147 
611,962 

350.296 
54.174 
64.229 
923.138 
331.838 



192,1 



43.973 

359.895 
401.423 
786.234 
376.697 
156,837 

359,907 
38,770 
102,591 



710,593 
222,902 
174,034 
849,482 



290,132 
923,350 
212,737 

23,924 
395,983 
257,550 

51,267 
279,137 



301,050 
125,284 
3,087,915 



57.452 
78,238 
706,054 



72,019 
1,157,676 
397,779 



102,042 
2,320,172 
477,108 



271,548 
761,427 
150,329 



11,913,508 

145,503 



82,834 
92,427 
121,810 



223,796 
345,995 
462,793 
205,096 



200,566 
34,733 
46,932 



15,673 
211,524 
230.904 

47,50' 



35.025 
2,784 
3,783 
97,406 
30,875 



2,613 

28!802 
4,670 
30,704 

2,768 
•2,496 
•2,014 

2,807 



52,964 

5,997 

224,560 



39,532 

120,938 

7,347 

2,170 
28.636 
38.529 
18,840 
32,096 

3,387 



1,347,721 
1,576,092 
234,908 
280,023 
2,796,794 



8,758, 
2,015,254 
177,204 

3,875, 

875,791 
1.067,321 
4,182,023 

360,392 



1.018.58' 
152.743 
851.714 



1.182,069 
210!017 



1.305,797 
302,367 
257,316 
3.568,392 
1,289.377 



1,971,389 
3,439.052 
1,613.212 
502.172 



2,906,392 
656,843 
800,491 



656,740 
2.588,618 
542,000 



322,513 
151,510 
3,370,743 

408,978 
407.514 
69,278 
90,189 



634,362 
755.677 
1,281,402 



480,12 
75,438 

146,042 
86,060 
71,366 

1,021.997 
121.855 

2,628,899 
579,230 
48,825 



276,221 
49,775 
326,355 
963.614 
178.751 

46.753 
573.253 
446,009 



383.62 1.C 

5,053,1 
1.632,107 



5,822.21. 
7,257.273 
1,226.724 



20,456.714 
8,271,440 
2,403.9 



1,607.495 
36,937.9 
7,628.036 
780,377 



3,758,028 
4,406,690 
18.719,21. 



629.642 
4,921.012 
17,408.853 



602,383 
5.219,422 
5.654,010 
1,432,239 



24.593,594 

372,%5 
61,404 



740.615 
1,263.025 
579,381 
178,558 



134,509 
83,490 
70,287 

1,003.547 
118.212 

2,579,087 
567.837 



239,197 
299,078 
1,201,320 



47,756 
316.830 
942,154 



432,751 
76,663 
577,102 



•Estimate should be used witl- 
'Returns filed from Army Post Cmice and Fleet Post Offic 
•Returns filed from Panama Cenal Zone, Virgin Islands, a 
NOTE: Detail may not add lo total because of rounding 



Individual Returns/ 1976 • State Data 



Hi 



i sgSS§ SSsli SSSgi %is^l iSsii tisSs sSSsi UMM Sslia iPSi SSSi 

5 gi^ss miik iWi ipM iiW. imt imi gim lis!.!, mil bpi 

I «-^,3 -~o--» ~~~s: ^-o^»~ 2;-^- 



-'~ S~S2'"" 8"'"'a' 



§ iixsl 5ss§? ^iS«l sssIS s:s£s gsMsi isllE siss.5. iiSSS. ssajl Jlss 
2 8?i=5: issg| pss;^; |ss|s |s;s;5;s sgsgg g|gp liigs sgsgi sgp^ ggcs 



s sgssg § = 5§s ?5||s |2iSi Sissg iSisS i^glS sSSP. IP.Ii 
g S^s'IS SS»'?g: iSSli 5iS5? s§pg ^-asis =£i§a gfip ffigg£_| 



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H 



2 «siS§ sills §sgs£ «sls5 ^sig? 5sSs? SsSSi i; 
i r''^?t ?si"s"?!s" s" ?"Eg" s'sftsp Rggssa a.-?.-!" s.-ga.- 5." 



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ii 



g p=||i. ||5p| rsi|. mil mil pp§ |?ir P^r ^^iil ?l5!l- ^ 






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2 isiSi ISils Ss?~i ISisi S£sSS sgssi a.SM5 £lsp. pSSs 

S S^SSg C:SSJ55 eSSgg SSSSS fgSSS i3?-5 gSfSS! fSSs' S!SS^5 



II 



I sis5= ii5»i ?isis SSSis SsSii gsgli sSsql ssSsi Ssiii SSS 
S a-|sg a|2ss sssfg ssfs* ssgis |ss=s ssgsa s=s8s ssjsts tss 



5S| 1^ ' S 



^W 



§ Ztm? SiiSi ii5g~ Ss»ss iftS§B ~=§is iiiSi S-Sii iiisS iSISI s.S.si. 
t stm i§Ii= saSs^ i||il ||||S; |Si'§s §S||i |i|.|s i.l||.K 8|||| ^5«S 



2 SSiSi iis?? iisii sss§° =iSsa sss-t sisiS isiiS sSssI s^iss sSsS 

i mmi tp^ um Mt¥ lllil- PP^ PiP iU¥ i^l-P ^ii-ll -^-^ 



3 3|g|§ gi|ss gsssi |i»Ss Sigii SsBss 5?SiS. SiSii. sliJ.S KSgii sSil 

I Pill t¥H Pm lilll li-iil !-^"i^"° i5|P |ISr i^BP 'ii-sl '^'' 



ill 



III 



s l§ii£ SSSsS isii? sSsIl fisii sssS§ iSlP. sIsP. slSp. ISP.i sii| 
i Msm UiBi SSSiS gsftss' gsSSi ssEli iSSsg sssSS sS|p. issiS Sils 

25 vo»>->-- 22"-''S" g'"""SS =- = 2' SS«S'-" s'""^""" ;'SR!~ S^^S" =~tS'" -S^-s; ~~ ~ 









E g 

2 



!i 



si 



if 



s g5§Ss sis?s iiiss issis isggg spi= iiiii §s5is isip. mil I 
I mm mm pm im^ im^ psss |s|p ipp pgp §§111 § 



I 

1 1 § 



s Is. 



^.„l Ii 



llili mil nil 



ilfii iif lilll iJi lii ilii Hi ii? 



160 



Individual Returns/ 1976 • State Data 









liSSI ggSsi %s^n Ssg£S ssiis SSsSI ggggg 



isssss sasss sssa 



SS5SS 2SSS>' 






ssi2 












p|is 









5slii 









iigS 



I iliis 

5. ? = SS!-| 





















5S?S^S S?{p«S> S5cn5S»S5 St^fSl 



sis 

^8S 



? gtsSs 









sSsss 






issSi 












>.i£.i 



5 SI sis 


















KSES§ 









iSiii 



S'SPft" 



S §ss3s 



5iS=s 



nMm 












sign 









c^i 



S X2SS§ 



s5?5« 












3SSSS 






i-P-ll 






isiS 



S 



35 = = S 



SSali 



S32SE 












£2fSS 









5 IS.IS.I 



sssss 






5'2SSE 



sssai 






^sgss 






Kalis 

SSg5S 












iiiss 






mil 









SS|S KSiSgS 22|S!g self's 



5 g|~5i 

I Piil 



5^ = 1? 









||i.|i. 







































lisSI 









i sSS.Ss. 















iSiss 






iisii 



S25| 






I 

ll 
ff 1. 



;: ; i i : if : Will i M M « ^ , ^ M i I 

Im ill's -^-"^ -^fi" tl§>|t u'^i tuff |s|| |fi„^ igUi iifi 

mi Mill lllll illll lliil Jlili mil litll lllli lllll kl" 



Individual Returns/ 1976 • State Data 



161 



able 5.4— All 

II liflures are estimate 



Returns: Income Tax Before Credits, Tax Credits, and Taxpayments, by States 

tased on samples-money amounts a/e in thousands ol dollars) 



:^i(omia 

[■/Olofado 

bonnecticut 

i)ela«ra/e 

:)istrct ol Columbia 

i-loflda 

iewgia 

daho' ' .'.'..'.'.'.'.'. 

ilinois 

Indiana 

jwa 

Maryland 

. ^assachi 
^ictiigan 

lebraska 
lew Han 

Jew Mexico .. 

Jortti Carolina 
iorth Dakota . 

)liio 

)l(lahoma ... 
>egon 
'ennsylvania . 

South Carolina 

«uth Dakota 

Tennessee 

reias 

Jtah 

Washington ... 

Wisconsin ... 

Wyoming 

mSO/FPO' ... 
Puetio Rico . . 



1,847.360 
362.956 
324.832 
4,602,973 
2,085,922 



900,597 
1,201,719 
1.339,508 



2.328,108 
3,453,220 
1,571,267 



6,860,800 
2,079,946 
259.946 



1,979,844 
1,508,051 
640.695 



167,388 
296,519 
38,594 



670,701 
571.554 
7.316,447 

891,117 
1,116,701 
194,605 



288,568 
261,301 
3.862.978 
1,706,862 



744,671 
935,740 
1,083,259 
315,453 



1,868,996 
2,819,538 
1,278,628 
575,93- 

1,481,24 
239,441 
499,366 
239,577 
291,051 

2,456,816 
348,469 
5,779,194 
1,641,751 



793,187 
3,808,793 
313,520 



204,283 
1,263,820 
!,846,244 

377,919 



133,909 
270,151 
30,718 



1,929,025 
615,179 
1.322.224 



1.920.545 
2.955.314 
501.946 
682,289 
5,630,042 



1,613,245 
1,839,34 
2,380,325 
552,247 



7,004.806 
2.704, 
982,588 



13.242,966 
2,878,441 
396,776 



1,627,741 
8,357,669 
616.857 



234,749 
3,659,184 
2,972,745 
1,111,367 
2,992,163 

333,710 
264.853 
38,506 
465,529 



194,605 
265,060 
2,634,497 



288,568 
261,301 
3,862,978 



2,819,538 
1,278,628 
575,934 



2,456, 

348,489 
5,779, 



634,228 
204,283 
1,263,820 
3,846,244 



143,839 
1,615,512 
1,229,754 



133,909 
270,151 
30,718 



59,203 
55,042 
754,140 
339,937 



46,134 
212,337 
768,876 



149,039 
670.701 
571.554 
7,316,447 



1,486,151 
288,568 
261,301 



904,624 
744.671 
935,740 
1,083,259 
315,453 



2,819,538 
1,278,628 
575,934 



5,779,1 
1,641,751 
204,818 



809,595 
793,187 
3,808,793 
313,520 



204,283 
1,263,820 
3,846,244 



22,497 
89,607 
73,145 
998,844 



27,241 
35,541 
342,716 



251.913 
401,736 
173,131 
73,393 



65,015 
32,063 
38,884 

348.206 
46.676 
792,766 
207,375 
26,230 



221.502 
170.086 
71.300 
197.129 



2,803 
•140 
2,445 



162 



Table 5.4— All Returns: Income Tax Before 



Individual Returns/ 1976 • State Data 
Credits, Tax Credits, and Taxpayments, by States— Continued 



Investment credit 




8,052 
28,699 
32,015 
389,609 



30,395 
48,435 
285,438 



35,481 


25,839 


116,616 




8,634 


33,913 


38,946 


5,760 


16,350 


32,552 




18,417 


31,573 


4,988 


61,122 


43,822 


7.687 


49,224 


9,662 


1,519 




54,565 


11,779 


50,030 










12,153 


49,208 




9,537 


40,264 


42,944 


5,878 


37,915 





57.204 


8,844 


39.394 


1MH 


20.347 


4,93/ 




M4 


2 609 








•2,492 







56,388 
12,283 
2.472 



50.755 
9.688 
29.725 
37.234 



66.801 
10,030 
24,104 
205,96 



30,711 
28,296 
50,590 


11,206 
15,925 
25,395 
152,033 
11,406 


8,307 
55,044 
65 030 


2,473 
27,678 
39,852 



255.749 

2,607 



Individual Returns/ 1976 • State Data 
Table 5.4-AII Returns: Income Tax Before Credits, Tax Credits, and Taxpayments, by States-Continued 



163 



25.204 

9.715 

325.021 



7,254 
116.032 
52.343 

22.302 
16.774 
22.328 
23.311 



74.938 
58,654 
13.223 



15.047 
9.885 
36.267 
87.982 



•5.052 
•2,438 



•2,687 
•5.390 
•2.984 
•2.204 



1.060.625 
182,452 
250,682 

2,452,1 



237.945 
3.670.3 
1.627,236 

854.214 
683.260 
857,285 
990,848 
290,842 



2,689,498 
1,153,733 
512,156 



3,298,587 
761,374 
727,892 

3,639,449 



776,330 
188,637 

1,166,978 

3,557,6 
358,669 

130,695 
1,536,352 
1,159.599 

493,016 
1,345,335 

124,796 
245,028 
21,450 



582,91( 

1,198,401 

918,417 

15.253,485 

1,755,838 
2,770,780 
469,996 



605,974 
9,428!555 



3,156,586 
3,737,9 
6,502,450 
2,424,579 



2,923,042 
404,832 
897,472 
512,249 



565,525 

12,264,912 

2,607,283 

343,305 



1,486,282 
7,740,0 
564,022 



1,428,392 
277,535 
250,133 

3,729,239 



1,297,1 
1,799,768 
2,732,0 
1,220,470 
532,238 



285,234 
2,365,210 



207,227 
1,202,1 
3,670128 

366,240 



1,796,554 
594,955 
1,242,306 



1,953,467 
1.552,522 
1,750,294 
2,251,735 



7,497,109 
1,600.227 
1.554,302 
7,947,936 
576,723 



223,408 
3,458,516 
2.833.598 
1.052.128 
2.840.664 



301.079 
235.048 
19.120 
239.786 



164 



Individual Returns/ 1976 • State Data 



able 5.4— All Returns: Income Tax Before Credits, Tax Credits, and Taxpayments, by States— Continued 

I figures are eslimales based on samples-money amounis are in thousands ol dollars| 




1.135,178 
156.133 
738.226 



206.081 
264.288 
2.681.289 

1,672.043 
325.859 
273.292 



1.019.930 
1,200.514 
358.323 



6.029.812 
1.832,7 
192,391 



139,541 
293,634 
30,001 



1.695,087 
638,020 

1,152,639 
794.629 



417.283 
555.605 
4.190.763 



3.146.493 
3.574.454 
6,715,975 
2.329.063 
787.519 



1.303,940 
1.375.268 
7.463,541 
576,934 



248,555 
2,073,888 
7.053,564 



3.284,383 
2,566,210 
983,493 



91,902 
132,795 
19,803 



99,946 
37.628 
23,902 
452.175 



20.389 
163.810 
155.758 



64.897 
1.573.624 
591.595 



302.714 
292.963 
1,300.702 



214.245 
269.114 
50.153 



244.270 
258.062 
68.228 

295.741 
419,815 
577,236 



38.724 
15.717 
•3.787 
40.282 



54,127 
146.521 
189.282 
2.020. 



558.005 
318,176 
156.507 



532.228 

79.292 

1.168.146 

363.031 



225.524 
721.597 
47.977 

141.121 

79.738 

289.737 

1.472.057 



24.407 
313,911 
359.780 

95.574 
321.131 



533.023 
7.121.869 

841.349 
1.032.639 
175.421 
232.122 
2.407.521 

1.460.481 
284.323 
234.424 

3.525.126 



1.768.880 
2.775.6 
1.185.4 
553.912 



434.284 
235,768 
278,280 

2.270,435 
358,818 
5.337,760 



143,412 
1,565.554 
1.137.265 



122.346 
277.817 
26.931 



441.549 
162.255 
353,239 



78,338 
126,722 
1,103,102 

622,032 
150.899 
102,539 
1.804.078 
730.537 



670.284 
789.755 
1,516.337 
557.878 



2.768.027 
586.521 
69.687 

1.559.998 
330,455 
367,195 

1.623,887 
137.379 

305.278 
69.683 
495.870 
1.674.869 
181.819 

52.550 
723.945 



170.591 
225.642 
2,319.630 



1,276,454 
1.712,114 
2.710.115 
1.150.603 
543.047 

1.317.949 
216.955 
412,623 



118.615 
277.817 
26,931 
84.292 



d Fleet Post Ottice a 



NOTE Detail may n 



It«ii 






II 



llli^ 



2 = 



Ifltl 



?l! 



I 

« I 



Individual Returns/ 1976 • State Data 



5 ssssRs sssESs 3=iSg| ggggg | g: ggsg ggssll il5S§; IsSsi 

i ~"-S;iS| SggSSB §|§«iS SgsffiS ^ • "-Sa «,o.»ogt st — r "^~S 



S SsSsSs tS§ii§ ISsssi 
I '"■"sge; SMSii Ss»""' 



s~I" i ?= iSsi SSS.SSs i.a.=ir iSSii 



giSSS SSS5C5 S° 



liin 






gasss 



5 g=l5l§ iisiSS ssSiSi SSsiS 

s ssiiis" immi s;p§"~' s.i5|| 









I iiilii liilii iisggs ss§;s:s I ^mn sisisi p?- i|i|^ 

irt cJ ri" en' (D t-1 (\i CO -"T «)■ op c^" ■=>' ed 3 — " crT *=^^ £5 3 ^^ *" ^ ^ ^ 



8 agg^gig §i^igi §§ssgs ggssg niIMI"lIM5lllMF= iS|.|| 



§ §«o$5§ gi§£§g mmm mm I illlli ilslll iiip- Ip-sl 

i' ^""B'Sss ssssss 5K~'"~~ ""sss'i = 



s S3S5SK sassss sssRSg Hm I sSsSsS Ssis^i isS^r '§«.? 

I liilii iiliii iii"^'"' ilili s' "■""°"^'""^" ^""^"''^ ""~ ^"- 



■ ■ s 



§ Sk°§S§ ffisssS sSzsss Sills 

I ^ma !-llll-l llll--!- °ll|i 



i iSsssS 5=?siS iSSsM sRSSI 
5 "S!S5S atgsss gssss- ^S5g§ 



S siSSfR asssas sssgiK siifi ? gsiiss ssasss sj 
?- 5ll„-Js S--£SS5 S||-S°- gssRis; s ~5ssss ssssk;? S' 



3 aa8?;gs ^Hiss gsgssg s§g"^g s H^Bn mmm i^is"^ |i||| 



ft £sss|§ «s§'ai ssSsss „„-.-,^ ...-.-. --.- . . - 

I ilsMI ii^Mi |s;i"~=''' illll I ssg§2i ii§si5 









s ssssss SSSS3S sssiSS ssils = iSiSSS sSsssS sSj.lis -."-||| 
s ,..g..^.-c. ^.s^-».^.- :-nS-s:^.|- iliig I sssiil ipsgl |s=«" i|.||| 






s gs^gas a ^gsga gs§§§§ Hill S IsSssS ipiiS SSis"" |.||i|. 

i illlis liilii: pi'^'"'°" i|||| I "^'^'s'^'"' "-"- "^" ^"^" 



ft sagggK ss^s^g sgsggS SsS^s I iiggsi i~ip§ iiS|s| ||S.|| 

I "i'tSsS RffffSS'S" SSS2~~ lisSSS s 



i siisis sajMs ||=||J 
I Illlli Illlli p^" 



g sssssi iSsiSi sisS^" 



gsg'^'t 



2 ^ 
E s 

in " 

li 



ooosi liilii lllli« t l||„ I 

:8S8°-s s^sgsS 2S^"^i § ^-"° 

■ gssssl SSSSfl 11111° "Sg^Ss 

3 |I??1S §§§§§§ §§ooo§ S-'oSSg 

o ^= = = ="0 000000 oo§go°. 5Sgoo8 

sgsssi ilsggg gs°-s§i siSs^a 

laa^sS SssSaa ssssss < 



o o S °- : 000 

ooosl liilii ilill. £■ l?'° 
||||S sSsSSS iS^^^S i ^t 

5 iliii 
giiii 



fit! 

11 



165 



^1 


It 


p-iS|||||||||||== «|||| 1 


s'SS^s ss^iii g^Ssfii sissa 


ii« 


i'^^ili IIIIII iPr= ?ii|| |='i||||||i|p|.^^" lill 


,» 


S mMkm. iqiSM 55gp= = iiMi 5 sSgiSi i==Pl5s gs5g-« SsSis 


usbandsand 
Total 

(13) 


2 k§mm mmm mkr = ^-isis i %um% ^nrnM. sisi*- ii§ss 


ill 


{8 


1 g5§5§S iSiSsi siiS- SiSSs S g?ie? sSgssi £35HS gSHS 


ii^ 


i immM. m.mm mw ■■ m^M i mmm ^^mm. liis- ms.m 


g«)ss 

less 
deficit 

(10) 


s iSIISS SSSiig s5§i== iiggg S SSiISs SSS§S5 SS^iSil |||g8 
K 2-~-»-»-.-« .■.■<„-gg ggsp,- .-.-SSI g ssgg^g s|ss|i i:5S'^-=" ="ii;|| 


Number ol 
(9) 


R «SSsS§ sgsgsg Ss*.r= ¥2§SK S gggSii sIs^SSS 5=5si^" sggsi 


S 


1- 


i sSsSSI gsi§§S SSsSSS gggSi S §ilS§? §SSSH igs»s| §^£|£ 

g- • ,-^-»-o- o.-^-s25-8 Sts;--- -■ -■tS5| ^ ">■?=•«£ tS;;s^SS g-ftRSS'- -SKSS 


ii^ 


1 ?i||ii IIIIII w""" illll i llli iiiiii P^-'"' lilll 


Nurriberot 

other 
than age or 

(6) 


404,816 

19,502 
15,306 
22,079 
26,843 
14,117 
17,487 

12,602 
21,827 
15,164 
17,847 
39,073 
48,287 

106,259 

26,267 

1.838 

305 

7 

45,162 
52,685 
39,508 
45,419 
222,042 

2,214,210 

162,601 
164,537 
318,870 
136,264 

187>27 

165,136 
170,126 
187,471 
121,778 
234.484 
86.366 

100,036 

28.069 

5.329 

778 

80 

22 

494.078 
433,030 
452,677 
379,261 
455,164 


,'il ■ 


55 ssasas agss^s saRS""' esssrs s ssssss asssas s:=Ȥss ks^ss 


"l 


1 '- 


liiiiii IIIIII jlir^ illl 1 iiiii 11111 HIP 111 


it- 


1 IIIIII iBiiiiiPP" IIIII iMMitmw^ IIIII 


Adjusted 

Se 
less 
deficit 

(2) 


I ililSs SSiSH sZSail 56?SS 1 IS«i8S SSsSsI S?5SBiS SSSaji 
1 tfiijss- sasSsS SSSs" sSSSs; 1 =SSSJS SisSjJ pS*'" sss:|| 


Number of 
(1) 


IliiPi liisii ii«^"" Iiiii 1 liiiii iiiii ps'"- iii 


1 

I 

B 
1 




1 iih ill iiii Si 

iiiii Iiiii Iiiiii 1" 


1' 


Under $2,000 

$2,000 under $4,000 

$4,000 under $6,000 

$6,000 under $8,000 

$8,000 under $10,000 

$10,000 under $12,000 

$12,000 under $14,000 

$14,000 under $16,000 

$16,000 under $16,000 

$18,000 under $20,000 

$20,000 under $25,000 

$25,000 under $30,000 

$30,000 under $50,000 

$58,000 under $100,000 

$100,000 under $200,000 

$200,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 or more 

All returns, summary 

Under$5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 or more 



Individual Returns/ 1976 • State Data 



167 






iifii 



11 



iiil 



Hi 



S s'ssti SSii§i sfis§: 









s 3"SS§i gigsss gsSsei SSsli 



aissE s sisSiS SiSsSS sSisSi 






5 =58^1^ gSSfss §§£§?= Iiil 



i sgiSss sSiisS ssffSSi istSs 



s sssgff: gglogs sii^s: Issll i sIsISs Iggglg sPS^S lg.sS.5 



5 ssisgi giggii iii.5i= iis|| I mM llllii lillll Bii-i& 



S JSgSr^oS ^5§gg^ m^S^?* 



SSssi S iSsiSs sSSSs? s.iii§= SssSs 



s 2S2SSS i§s|5| E£g£§g= iliii I Siisss sssIsS 5S"S.Ss isESi 
s; p-iiii iiiiil §|w sigll i flglll lillll lilB^i i||p. 



5 Hi§§s sisp.8 S5pf= s.pll Ollill ill-IBI lilP^ nil 



i.sls 



a t^l%m PilSs SJ.sSII Ksgi.P 






2 Si§gSS iSssis s~iilg sHM 
S ""«2'~"ss SrH"|| |iSs§s ^Sli-I 



S o'^SSSm S;? CO CO to CO — .incrjcM 



gsisR s iisSsS HSP.i. 2?S.i.s§ a|S.|| 



a ss§?si ISssSs 55S|a= gpss 



§ gii^il ftiSisS Siisgi Hiss 



S SSSSKff SSSSS5 S|SgS^ g5S|5 S gsssSs S>.S^.gi ft.SS.CSK iSAgS. 



^ ss^sga sss^sg gSsiaS mii % islsss SsSsis SSs.g.?s ill|? 
S 5SSSSS SsS^sf SggSSi-' S-SIIS- j^ 8i-gsggs ^'sss^'s sgSRSS gastg 



?ssss =.s,sss,s ss^.s: 



If 



IsiaS 



s sssffisi sislii s§i,t~" 






s IcissS i5a5§i gSsliS SSisS 



8 ;;gss58 g giss^g i^sass igifs g SiSist sssSi? g.liii.l §.s.5is 

g 5^'g§|5 gSSiiS SStS"- S5|S|, I S||||| S|.||SS. S.S.g,§S3 l.f.s-ls 



R SSS2SS ggagSfe ?ssS='" isSsa i slSsiS P.SsS.i ISMs 



3 SS8SSS SKSSS; 



fsass 






ii^ I 



;ooo8§ iiiiil lliii. ^ l?-i- 

S88g~ SSSSSS SeSSRo i ^"Zll 

.!??55 nnn ssiiis iiiiis 



i||i ^ .^ ^lll 



iiill lillll Illili |l^i| 

SSSS'- r?"^t^ t"sss! Egsl^E 




Individual Returns/ 1976 • State Data 



-1 



If 



s'p^.ss KsissS siasii ss.g.ls S i'lsis i lis is ssisss 



"SRC 












?SSISS"S 















K S"P:SS?g 



"•lllll 









^11 






sssss 









sSssS 



II 






ssiss 
ssssg 



5 §§58^.5 



ii'slii 









S ffiJ.s.i.Ki 



5ISSISSS S""'^ 









a se^SeSS 355^»S t§SSi? 



Iliii 



Is IS s 5 






!!.SS.S,£. 



|sssgg Ikskss ffslsii 



K~5Ss 



jl 












iSsiss 






sssii 



li 






SSS^'SS ggS?2!'~-" 



5332 = 



2 ■ •""asgs sssss's 



stasia 









m^u 



§ SJ 












|tl!l 



?|£S'|s' K 5 "'■"■" 






s Sgiigg 









iSiss 

iiiii 



m 






g'S'i'S's 



ssssgg 



IsSis 



« 

I = 

g i 

— = 

if 



ll 






?si1"ii ill'"' 



|§gs: 



2 iSssSa 






iii2~" sSisi 









ssss's 



g 52|rs5 

8 s assy's 






aiiS^" 



8I§2S 






£ SsSssi 



SKgSo'~' ggS^S 



2£sl!;' 



S 3lssS8 



IPIP. 









3?S=5 ssg: 






8 ssssfcj 



s^'IssS 



li 

i! 

in s 

|l 



>s§ ii§§§§ illil 



ill 



ooo§i iili.il i|lii« s ill 
g.s.s.gs? 22SSS8 sisass i ^'""ff 



: g§8g~ s£2-osg sSSssI I s"^| " : f.ii§S 5SSSSS Si»--i i ^tri 

^ i???ti iiiiil iilll^ iillll J iKlii iiiiii iil||» i|lli^ 

^ ^iJIP ^iiiP Iiiiii iiiiii ^ I i iiii il iii 

liilli lli-lls li-gggi ^ISSSS liiisg g?S5gS ggssss flaSsS 



Iiiiii 



-5-888° =: 






Individual Returns/ 1976 • State Data 

R §'=gii sisgg? ssg§s= mm s r?m |||ii| illir ^Bl 



s si=^s^ sgasgg gssga: WMi i r5= ^ISS igl§S§ kWW ^MM" 



JWi 



I Mill iiiiii pp?= lilll P^Si iPi ||p^= siiii 



Mi 

ii 



1 I 

a ! 

I 
s 

c 

o 

1 

f 



in « 



1i 



i ium mm.K nm- wm | S»i-iS!- ipi-Si iiW' iilH 

s ts^gsg sss^^s aisii= lllsl I i= 5si§ siSSis SHa.r- lff|f 



8 sesssg asasss asgga: ifgH - 2= siSi gl5S.S.§ |sS»f= s|||| 



Ifll 



;: 8=5sss isissa §«§§!= ISSf? i SsiiSs IslS.^I SsSH/ £.a||| 
5 i-2s-iss ss't'sgi SSSSS8 THssi i. T ^^^" ^sss^^- sggSr isctt 



fi 



I §i|lli llllll i.p*r^^ lllll I ^rp||| slim ||£8r lllll 



riiill illil iPi Hi I «il lillli iilps Siiil 



g "5§§ig giHis gg^g^^ ipii i. ^Epii laga i-ps"" iii-i- 






4 



%^mmm%mmM-- mp I IEi||| |||||| p^^^ lllll 

s S3;ggg aaasiisg S^glS" Slili i g§8s§§ a§SSM issi-- £.|||| 



li 



i §g§2SS 58PSS SS?.iiS S|||| I lllli-i llllll IIP-?- 



2SSSS 



ii 



ilfil 



1 iilili illiil iP^'- illii I iili IPii iP^" mil 

"I ilil iliili Pii illil iSiiiiili- m 



g=§gia ?SMP. «SS5^== E||P. ? Iliili IsllSl |P^'" lllll 




170 



Individual Returns/ 1976 • State Data 






I S'SSsS g.lSgoi gpgp ggssg 



I pPsSis P.iSSi ilf.s.r 



-sss sssss 



sSsss 



sSsS'ss 









P^llll flllp. |.|pr= 






f slISs 






S.3.SS.E 



i P.Ssgg iSggsg ^gSSj: 
5 ??gai« |3gss5- gs--: 






il 

1 " 



II 



is 



l.p.l.ll 






I llpg.S slSiss iSsSi= 



isSSS 



111 



II 






||||ig 



|S.i.iiJ 



sissi' 



§ -~"ssgK s;|2g;gs 5g? 



SSSgS: 












SSI^kS giffi^g Ss§s."-" 






Xg|Sg 

issiii 



|lpi 



I p.|||.| 












IMMMM Sssssg gsiSs/ 















Sssssi ssSiis SSS5.'= 






ft "~gS2S 






sgis^.i mm^. 



?|||i|. |||.||E. i£|S|| 



s|i§s 



I ^|ii.|| 









-°^r^rl5 S£Sio§S S'SSS??'^ 









I las 3 is 






srSSs 



ississ uMMp.m mm^' 



5i»iF 



^'!l 



3 sg's'lli 






SSStE 



<^ Sflog^?g SC^oJooco S^!n?SC^ 






II 



If 









sssss 



ssslis sSSiSS ^.i?§i? 






5SSSSE5 






iS'S^'S" 



^s%§H S°|g°s Ssil"" 

SSSS3S SKSRSS" S = ~" 



?Ǥ?"l 






i iiilii 



S ?^ri^''°^'^ <Minc\jir)0) 






mi i 



gsgss 



issiii SsSS^s sseSs? 
"Sslsl sMMMMM SsS"S"~" 






If 



K §S|R|3 



S.5.5.CS,E 



'"'" iiiil 



p^se^^s SS^^eo^ ISI^SS"" 

I--. (6 -v, m OD lo c\j as cr> in (o <m_ cq o co ■? 






,8 §88888 S§i|s 

J o o o o o o o o o o o °- 



SS^^^fe 3 



ii 

i8|||^ 



! 



I iiiiil iiiiii __^^^„ ^ „_„ 

" ^ilsii §§§§§§ iiiiii ilpii 

saasss ssssss 8SSSSS =='»-«-«"' 



:iiiil Illili illlii iii= 



sSig? sssssss 



I iiiiii IIIIII lljjji $% 
^ iiiiii mmm mil iiiiii 

5aa«ss ssssas aasSSs 5=*'"'»"» 



Individual Returns/ 1976 • State Data 



171 



fill 

li°|S 



5 
•s 

I 
I 



ii|«i 



|i 



« I 



S 

I r 
% f 

< t 



ifiii 



III 



lliii 



g i'?sgi sgiisi sMS=i ^m%- I P-'§lil llllll lilir 'lip 



I "'llll IIIEII IP: 



s p?l|l|. Illp-I IP*^' ^11= 



i §iss££ %iim. mr-^ p||| I Il5l!l- ll|ll| m¥r ||||l 



5 igi=s§ umM ?s?.s== lllp I !||il| llllll- llPr giip. 



S sslsis SS»igs iSSS/i IISIS 

2 "-S"~SS SKSSSS |5S= S~sSs 



S i^gSaSES gSSSKS 5SsigS: 



^sSSa 



I ^lll-il iill-ll iPf'" ilSi-l I llllll llllll i=-^^''' 



I- illssi- ii-iii| iisl - -ills; i s^"s'?5§ ss^ggs gs^-r tssis. 



s sggsag aggssag sgsSi" gssfs 5 sg§§2§ sls^SS |i§sf: giggs 



I ««li liiiii iifii siiii I ^siiii niiii iiiip' iiii| 



iS.5 



tass^a gisgi i |g§£°" §sS§s S SgiISi Sllisi i?5~^= sM| 



S sSsggs §i^§§S. SPs-^ IsiSI 5 

I KSSSK3 S3§R^g SJ~ iSfSS S 



II I llllll mil! iipr= iiiii 



§ SsKsia sSsilS §p.s«= s.p|j 









g eaiss sg§.g§§ mm |ip|. | ||||g-| llg-lp- ESSsr l|||| 



8 ^sssa- sssaag g^gg^" Islfl « SiiilS SiiSIs HM^^'' ^s||.| 



g ass;s?g g"g§§8 gggisS nris I ili»s§ SsSps SJJ.P/ |||l| 

i Siiiii iiiigS- li-S«=^-- gg-gsi i f§?ggs" giiii§ i-- siss| 



s sssggs ssssss ggss^" ilMi § silSi 






S^m SS^*^- 






osii^ 

e°oo? 



;§i ; I 



-ooosi iiiiii i|||i„ ^ |S|- 
gssgs ss'sasg sssssg i s^";| 



oSiil 

ooosi iiiiii iliil^ t s-^^s 

88gg~ ;:S«SSg gsassi i S-^^g 

asss^ "^^t'^';" "tsss! i§ssse 

gssssS ««SSSS |||l-s° "°-S5?s 



; sssSr 55?':"? ■J'Csss! i8s||E ; ^*-?5s $ssses ss|||5 ii|ll 

5 iiiiii llllll llllll :.p||| I |i|i|i llllll llllll gs-||| 

"= ^lllli Iiiiii lliii.l i^i.lsl ° llllii iiiiii ii.llil liiis- 

Sjsssas ssssSK SSSSS5 < =.».»«>»« »..«»»«»«.«. »*»*»>*.»«. 



172 



Individual Returns/ 1976 . State Data 













§ 


s 


157 
650 
222 
978 

216 


nM.m. § 


Sllii s 


S.§ss. 2 


S'P.sg ?.iSs.g.S. g 


SSS2= ftis 


§ft 1 






ll 


1 


s 


^^ 




"8K§ 8 


gSs|g IpSf^s " 


-§K| 1 


_.„ i£ft8§= i 


m^f sis| 




o 




§ 


s 


'iSSI ^liiis gggsg^ S 


Sigg S 


-'Sgig SgiiSi Siig^= lisgg 1 


, 






li 




^ 




SS3S 8 


sgSfg 8 


!?; = ~ 


sl§i 8 


tS5"S sisssg s 


-ggg 


£ 


°g *a 




S 


:= 


5i52i ? 


Rills iggps s 


urn i 


sS.gSSE Isissi s 


g.S.=.~= |?.g83 


g 




llli-l 


s^ 




2 


SgWI SSiHS § 


S'^ £ 


5l = § S 


§-§i°a ftSftSSi g 


--■■ ISSil 


*f 


1 

! 


llli 




















• 


.;l 




g 


S 


sg^S§ g 


S§5K= a 


Siisg S 


»u;;o . 


5§Sg|g laSSiS s 


isss= siisi 


S 


?? 


s 


2iSS"§" i 


SIJRg 3 


g«" isSS5 S 


Si«SS5 SSSSSI g 


s--= SgSiS 


? 


^ii 




" 
















(5 






g 


R 


K«gSS i 


isiSg SSsggg K 


sSsg 1 


Sifti§5 sgftg§g i 


£ksS= SISiS 


i 


1 


s 


fj 


1 


£ 


SgSig s 


SSStg ft 


8sS- i 


p:s:g: s 


s-ssii slisg- isssp ftgffigs 1 


8 


II 


4 




s 










-'-s; s 




..,. 


1 


■5 






s; 


^H?,? ^ 


s§giS §g3iSS £ 


s§gs i 


SastSs gsSSsft MsW- SSiss I 




ii 


— 


§ 


s 


ffiSSgg s 


sS«IS i 


5-- s 


SSSg 8 


SSaS^S S8tt:gS 3 " 


-iSSS 


» 






3 


s 


^^nn s 


=giSS i 


SttSS £ 


ftftSS, i 


isssgi ?isgsg i 


iSH= gS3§= 


§ 




llpi 


° 


i 


! 


HWS" iiS'gSS g 


gK5=a ? 


imm mMMM. s 


sssp £1111 


< 












~-"s g 






o 


o 




3 


S 


IS5§S 1 


S?S§i S 


isss- isiis 2 


sssiii im^§^ s 


Sisg= fSsgl 


^ 




il 


s 


K 


RSi-fa? gigKsg- g 


Sr~ s 


gsis = 


ss^^as ss~-t" s 


-ȤH 










§ 


K 


SSsSi S 


ssisg S 


umh s 


P.2§ 1 


m^MK mm% i 


spgi sps5 


is 






! 




3 


" 


sssgS lllS^i s 


g|gSg s 


ills 2 


■=8SSK igglll 1 


ii=-' ~Sis§ 


1= 




n 










-- - 


- 








i 
























■5 




i 


iigsSs s 


Sg§§« 5 


sSis's s 


"Sis S 


ftglgSi |RSS|£ ft 


§Ss=° «s5gs 






ii 


E 




mmi s 


goWg" S'2''-' ft 


iS'si s 


.-■5SR55" SS3SSS S 


SISii 








1 


i 


igssS s 


55iii S 


sftftgS 1 


sSsi a 


5.S.P.8.S. ?|g||S i 


SS2SRS 2;§S§5 


c 






a 


SiS'SiS S 


iftsSi §§5- iipg § 


iissii sii8i§ S 


s^"~' SiSs'i 


^ 






" 
















« 








^ 


?§si§ § 


38=11 § 


gg§gg 5 


ig§5 i 

iiii S 


liP.ii sJ.Sigg R 


Sssi- SftisS 


111 


1 


•It 


5 




^Ssse s 


§i:gp s 


,,., ^ 


i5°§ss ssssi; 5"-~ si.ii| 


ra 










5 


^sss^ « 


§rS§s = 


£=iS8 s 


|SS| s 


i°£sgS HgS§i 1 


sgiii m.mi 


5 


■^ 




1 


_ 


s 


S 


="s§£"2 i 


SSii~" i§Sg"°'= S 


SSSPI 2P:p;§ iiS*"" liSl.g 1 


1 




II 










~ 


— ss s 






« 






?. 


s 


Siigg S 


~si35 Sssil- i 


iSSs S 


§Ssgsg siSssE S 


sSS^= sSggi 


w ¥ 




SI 


S 


§ 




gissi s"s"isǤ g 


s°-- g 


gg'Si S 


SS^KSS" SgSSSS S 


5ft~si 


a f 


























«r ^ 






1 




sSsIs ffi 


iS§§l i 


isiSs sg§ii § 


SsJ.is.s. feSSISi 1 


mmi mmM. 


II 




IIP! 


rr 


s 


8 


f5g°l gassSi s 


Sgil? » 


R3Si:= R 


?§Ss8s SeHsg s 


P^SS ££|J_ft 






s 






'""'"'^ " 




^„^o. S 






s § 






ft 


Sg§ss§ i 


s2s5^ i 


5ssl- S 


igi| 1 


mmm mmMM. g 


S.5.S- isSftl 


If 

E § 




|l 


s 


i 


R 


l§iSs = 


giWS 2^- M 


S~?2»f g§3SSS S 


=' iSlis 


i 




















|1 

115 s 


1 

o 

1 


i 

1 


i 


Sill 1 


iiiii 1 
SSSSS 1 
IIIII 1 


ill 


a' 

iiii ^ 


nils SSSSS8 g 

llllil IIIIII 1 
iiiii iiiiii i 


iiii' ,^ii 

iiii 


!■ 

ii 


if 










*" 


1 


iiiii 1 


iiiii i 



Individual Returns/ 1976 • State Data 



173 



S i'lSis is^^^3. §si§:s SSSKS 



? ' °"'-g-„- Sg|gS5 



■ ssac 









55°' 






iSi- 






iM 






iiiisi 



J05 «■ ,^- 






5 gIsRsS 















HM- = 






a |2|a.s,s. 



g.aSj.sS 









jl 



:sts sssass 









s'SRSsa 






SSSgS/ 









liKS = 












lUii 
























ll 



S 5SSSS5 



sSS§S§ 


















*1 

































ii?i^ 



Ssfss 









S2~ 






«l«il 



isilsl 






IIP- 






I Pll-ii 






III 
si 









SSiiS 



3 l?SI5^ 









5 I 
5! 

aT 

I. 
I ^ 

li 

Si 



E g 

II 

< i 
I f 



11 



S"2"XS|"S 



s|||||. 









tSS23i 












5sEssi 



i~5s^ 






S SSSRSS 






l.gP== 



asses' 



llpi 












R S§25.Ss i§ 



si5§ 









ll 


















ii«s~= i==sl 



ooosi iiiiii illli. s- |S| 

§.Sg.g~ 2»»°S"S S2SSSS g S"»"g 



ill 



;iii|| |ll||l |lii|| ilssg 

i .t??:i iiiiii iilll^ iilll^ - 8???^i iiiiii iillli mil 

° ^l^oog 88g§S8 88i§s| Sislli ° ?oooo| 8SSSSS SSiiii l|ii|.| 

|i.8ssg Is-sssS gSsssI flsSSS fssssi slssll 1-18°°"^ sfS-s-s 



5SS8SS sss; 



aSSSSs 5" 



sissss ssss§i P«^'^§ 



174 



Individual Returns/ 1976 • State Data 






gggsgs 



s.||l|. 



F ' SSs? lis 



;SX Sf:!f?32ft 



«. .-is_S5i SS^iiS iiSiS' 






I fill 



SS^'SSg 



s^g5s~ s~'"^ sSsSs 






kIIJ 



lglp. 



III 









I sssgi 






mm. 



11 






SiSSSi is'=""'""' M0i 












KSKSRia i""'"' ss'^as" 









tin 



r-i 









K SSSSSS SS 



S KSSKSS 



= ^sfsfi" isSsp; siftl'^" 












S SsSiSS ipj 



5SSS' 



S;!CS£ 



■ "s?sa 



iSSsS's SSss: 



". glKCsS. isiE; 



fsflsl's 



siiSi 






3SS siSE3«'^ sssas 



'"ifcsS Sisiis igSi^" 



gsssg" 



is P 



ssssgs 



ssSSsi iSssis iss? 






^11 



ll-isll- 



;3asss gs""- sgsJsfts" 



a RsSsg.l sssiis 



?iss5 



«)^"o'c^c\Jc\J --'(©"ai'oitotn (o in" eg eg" IT)'--" D't:':::'"-' 



ssisss ss.ss.s.a. 



|||i|.; 






§ ssg§5~ ??ssS§ ssSg'" iS£s^ 



s giffs^.a SsKsis ills"" 



ggs?5 

S|g£g 



i = 

s i 



= s 
< ^ 

1! 

iri 

II 
1=1 






=ssisi 






5 °°gg^Ss S^^^OT^ 









ii 



ssisss SgJ.sSs iij.i"" is sis 



I |||S|.| M^^^^ 



iii'li 



s.ij 



:§i§il illiii iliii ilii| 
,...„ -----"• -giii^ ii|||i 



;ii 



Hill Illiii iiiiii I ii 
""" iililj mv. 



ssssS ««SS«« gs^^'^s as.?§§s _ SSSSSf SSSSBS B«sss° "S^SSs 

mil mill Illiii illiii I iiii^i mill Illiii iiiin 
^M^m Illiii Illiii i|§sss Illiii mils iiiiii ^lisss 



Individual Returns/ 1976 • State Data 



175 












S~?SS is2"? 



^-'sli 



=ii gSsilS g~SF= 






8 .-SS; 



s5s§Ss 

K'R'SSSS 






III!! 






ssssss" 



SsSss 

SS2RS" 









sggsS^ 






'ft 



i5is"i$ 












I§,?.i.l2 



mm 






li 






ssssgg 






E2SSIC 






illlP- 












gaSssi lsS«= 












IHH 









S?: 






H. ssaiii 



|8|Sk.s 
sStsss 









II 



i SISSIS 






P.S? 



liil-l 



s sssaa; 



KRSSft's 



ssiss 
























SSffSS 






s§is§§ 



5SSg£S 



slifj'K'i 



2§£fSl"5 












=^|gr= 












lllll 



§sssis 






S|SSS 















sssSgs 






^ss-".- 












sSSSsi 



?i8=S 



if 






srIsss 



si.S«:' = 



55i§S 
2SR5S 



5 SSi.P.s 5.3155°. s.R.s.*'= s.gisS 



li 



llli 



S.2.S.|i.| 



||.|s.|| 



sSSag 



fills 






5 3 si is 
sssiSf 



:5.K.S.S!.f 






it 



SSfSSSS 



assises"' 



;sis§ 

;g55!¥ 









ssgscxs" 






ll 



ogg|i iiiiii i|||§„ ^ ill ^ I 

|i.i.i-~ jse»ss§ siaSsi f S-»| 

saas-: ^•::!"?? rrsssf isslli 

IIIIII llllll ||111| f.Sl||° 

' iiiiii. iiiiii llllll iiilli 

iKasa's sssSSs aisaas g^""*"*" 



:oog|§ iiiiii i|||i^ ^ipi; 

iiip 2SSSS8 aiss^i i„!n| 

llllll llllll iijlji jiiiii 

iiiiii iiiiii iiiiii llllll 

llSa-Sg s^ggss gglill =-i3..«si 



176 



Individual Returns/ 1976 • State Data 



5S-5^- 



B-lll-i 



ii55§5 issis 















SSSSKS 



I ^'Pll 






?S5J 



-iiii 



1 It "I 

2 S £■= 






Ssssil 





















^11 



a 358|gS 






SSsgss 





















k:"SRS8 5 






iiiii' 






isst-"" 



5?ss = 



I --S5-F 












?.ls.=5 fSSgS- 5siSg 



I 



tin 









S SBSSSS 

ffi Missis 



§5 Si Is 






5 IsiSiS 






i|5gSS 



EtSsS 



-•lll-BI 









?SSsg 






IIIII? 





















g 25SSg 






gsss-° 






S §11 5 Kg 



incoO>i«c\jcD co-w<6<f)c^c 






it'll 



S SSSts? 



ssSiSS SsssSK ip|§ I tj 






§.K§s.Si 



gfgsss 









i s.2§.§.?.i 






issjss 



siisi 



s ps|.i| 



iiiii: 



^ 1 



If 
:i 

E g 

II 

I! 

in 
II 

|2l 



2 iim^A 


















|gs"|| 






as^.~Si 



£8" 









liilii" 






SsiSs 



ll|ii 



i Ssgisi 



sag ass 









s gsgsgs 



P-illl 



tsssg 



;S 5gisS5 §§igss 



IIIII 



sSiiss i"" 



5SSS? 



oogil i Iiiii i|||i, ^ ill 
asss'^r •^'^'2'Cll^ t^sss^ iss«ai 



jtos ^„ „„„„„„ „„ 
ssssss lllsS« ssllls iilfls - |tsssl mils llllls ii-llls 

;J}jji iliiii iiiiii liilii ' zlllll lljilj iJiiii liilii 



ooogi iiiiii ilggi^ t- 

ggg.g~ j^»ssg sessss I 

ssa;^'" wi«w.«..»</i "••"j.j.j.E |, 

si IIIIII |l|||8 ^; 

y iJllll IMiii iliSii ° flllli iiiiii iiiiii 

5g sli-SgS gggggS. s|ssSS |8S8Sg S5SSgS §|8ggS 



5 ! 

If 

§1 



E 

II 



1 1 



11 






III 



II 



pill 



II 



m 



it 



II 



iliii 



Individual Returns/ 1976 • State Data 



; S: 5^§g 



gSgSg^ ^OT^oo- SS^SS 

s'ssssg 5|a'sl "s'lli 



s s'Sfcss SsSiss SsSSii 















sSsss 












5 iSSsii 



S^ils 


















S2' 



?||.P. 






III"-!-! ii-lll' 



SlisS 






Sg2$?S 
ggSS'|S 






Est 22 



iigsii ^Mnm mw- 



8 SSSSSS 



lip.g 












sss'llg' 



ISiisS iSsl.S' 
























S§2si 



ss3ss;s sssss: 



sggss 



S »RS52 



3S.SS. SSSffSS 



siSii 



= ■"tSSSS ?g2 



SSI2 Sffs; 



ftgg|S| 
























ags~»s 






i iiiiii 






5lsS| 






SsissI 

i'3SSSS 



iSss 



S2SSS 






sssss 

i'iii'i' 






!S3si 
fg'SSS 









I mam 









«i.£.si 5 ssssss EsiSiS 






sis SE£r5' 






5 £?iSsS 






I is IS 









;?ls.i 












SseSss siS"" 



liiii 



5 2'§iS="£ 



Isssss it"""" 



s 5Sss;ftS 



sSssS"? 



goosi iiiiii s.i-gi 



ill' I 




oS SSSSSS 8§S-§i" §§.§ 

ooooo oSoooo oSggo, i. Ssa 

8,8.S.g~ 2S2°s° SsiSsI I Ssa* 

.■5LSS.-;<» -»«.".«">" ">«.^^^E lo^Sasi 

iiiii II I ill! 



177 



178 



Individual Returns/ 1976 • State Data 



8 §.»Sg8§ 






8 ~'""2 S'sSisKS 



I.Sgg.= = ssSS.i 



if 



S PaSSsj 



as'sas's 



ssilS 



'slii SSSS2S SKS?= 






iMi 






iiiisi 






iS§5s 












Iff 



2 ?5r§§S 















sSiiss 



lass- 






!I 






<o incoo> — o 






§§S5s 












Sslsl 









^.Sis" 



sssss 



i s»igg». 



E2.S.8S2; §f 






liin 






IIIPI. 

sss.s.s.l 



SSiiic 






I S>"S"SS"3" 


















RsSffi"^- 






3 SSssKt 



ssSJ 






?is||s 






= Ssli 



sss'sss 



'"ass's 



II 









IgggKS 












siS^:"' sSssi 



i|«fi 



I SSSSif 



ap§|| 






5 gSgSSS 



S|SS2£ 



un^? 



igisi 



III 



s HII§S 



8. ~. ~. ■".■«>.- 



Ss Ssagg" Rtss 












sagsp: 



&IIII 



5 s 



o ^ 

I ! 
s 

o ^ 

" i 

1 

I! 

< I 
J.! 

^ I 



S 35XKsi" sss?i 






lill-l 



g iSSfgl 






isli.S 









sl=S^- iRg?S 



g SSSS22 



SkrSs? 






S2IIS 
s5S"ss 



}lPi 









S|s = | 






ssisli 






iSiis 



I ||s.|,S.| 






5§R|g 



s Si§s5i sSiisI 5is^:'' 



S"8Sfi3 



iii 



ioogii iiiiii lllli^ t gS° i 
iS.s°~ 222SSS ssassi f §-»•"! 

^««2v. w«.».».».S2 •o^.^^^E i„?ssg 



ooogi iiiiii ilgli^ >. ;§s° ^ 

8gg§~ ;»2SS§ S§SSsi I S^K| 




Individual Returns/ 1976 • State Data 



179 



S ^'llii S.SSIsg SgSi== ~iSi§ i ?--s§il s~°°Kg ssislf 






g ■"ESS 












Ifiij 



a" kIssS's' 



iissif gsSp' 












ggSSlRS 



gsssg 



111 









s SliS.Ss 






sSiS' 






3 tSSS: 






sills 
ssggs 









mu^n 









3|S5 §3|S: 



aSS'SK 



i is.gsiS SisssK iffi.SS"° 
























ll 






S3SS,=S SSS.S- • 






^ si sis 5 






§?§?! 






II 



8 '■"-=' 












islis 



I SSft§3 



ssisSi ails- 






S ?£SgS5 






ssSs^' 



SfKSS 
S3"5sS 



|tl!l 









ssiisS 


















gsSs=' 



ISSss 



li 



If 

< t 

K i 

11 



II 



s 3.K 



3.Kfe£SS 



gSSSSK SSS||: 



Siiiss 



"Hill- 






SSSSiS S3§t? 






is3si 



2 sss'sss 
r- I ~ <-> " " >" 



I?o2?o2^ StSSr^O 



sisii 






isllli 






?s5"ii 5BS2"' 



S?s|k i S|s5».| mill 5iSi~' SsiSs 



,8§i^ 



Jim llllll lliiii liilii ^ ^lllli liiiii iiiiil iiiil-i 

IS8§sg gs-SSSS gggg'ss "IsSSS |S.s.s.8.g gJSSgS gggggi "IsSSS 



go gggggg ggggg^ s- gsg 

8ggg~ SSSSSg SSSS5 5 i S'»<»g 

ssas- •:?';^t!"; ^^sssf Igssii 

--ww_<U 0)0)00)0)0) DOJ-O-O-O^ ^O-DCC^ 

D0)0)'D-O T3-OT3-CJ-0-CI "Cl-OCCC'-' "'r-C^^C 

3-2-D^s §5i§§5 ^^='='='© .^S^^^^ 



;^;;^sw« ss^iS 



ooogi iiiiil iilH 

ilip ^SSSSS SS?^5i I 

I llllll llllll Ir-' ^ 
■ •:mi8 iggggi II 

sslii 



180 



Individual Returns/ 1976 • State Data 






igssHs SiiiS/ p|i5i 



I ' -5i-i imgi lii'iis 



o 



S S'ili^ 



Sa^iSS §s;~:"~- sgiSs 



5 s 1^115 






ljlll 



s llllll s||||.| IIBSr IPII 



S 5||SKK 






^SSS SS|S|S =sS' 






I 1 1 1 f I a. 



asiSsS Ssi2.~' ssssi 



if 






»5S~sl §§giS= gilS3 



ftsssss siit^*" sisal 



I ill-lll 



ililll- IP"^' IIP! 






2"iss£5 SS"'" 






iliii 



I gssisi 



a5§.5.5s asSSS/ SSSI^ 



ft sJ.lsgS 



siisE 






:'22£S;~ »~ =S"5 3¥ 






I sisssss 225SS5 a?" 









3.S|||| 111111 



-ss'is 






ii^saS ssl"'"' siSi? 



s" sstss 



5SIIII HIP' 



s I 

II 



still 



5 ^issst SeISSI gsii== silaS 






i§2S2s iiisS: 






t: sS'sRKS 



llllll |ip-= mil 






SS2fe2K SSgll 



|8|2| 



5' isjgSg" 






I |§|.§.|| 



S|SSSS §|KSf 



silss 






llllll «|g""" mm 



2 ssctss EiRiSiSs;; ssftsss 



I sa2s^ 



g" £SK!;ss gR" 



§lss2 
I as 1 1 



lllll 



i "^°giS 



2g|s sssssg ais: 






§|sSs.j 



ll 



E g 

2 1 



I! 









I iiiiii 






ooosi i§i§i| Igggl,, £■ 

gggig 222§Sg g2S!SS| i 



„„ogi iiiiii iilii\, 
°°-^-§-' SSSSSS aSr?^i i 



gii 



i 



liiggg SSSSSS gg-ggg 
lasssss ssssasi sissaa 



sS'sSSS §SiSs 



Individual Returns/ 1976 • State Data 






;ssss SKs: 









isaia 



181 









-5S3S 



S^Hi 






I23S3? 












= £ RJKSsas s: 



£.§§1 = 



g.sip. 



3 £|SgSX 

i: Mii'i 









Hi 






EfSSSgS" 



?,igs= 






11 






ssasss 



IP?- 






11 



|ai?Si 






sii8= 












S|S|S3 



sss.Si 



II 



^ ssilil 









SSS2SS 









Iiiii 















I iiiiii 

S I - - ~ 






|g2gS2 






jl 






s sisSis siSs^ 












SsSiS; 



S35SP;. 









s i^.ssgS RssJ.ss 









S6 

if 






fS^iis 






lis lis 



g-52-- 



§5ii§ 



iflfl 



fc |gg|g5 



S'SgSSS 



SsS°s 



I sssSss 






Isgs.sS 



SSRSSi" 



111 









SIfeS" 






5 gs'ssfi 









If 






I ^llli! 



glSsSi 



sins- 



^"gggg" 



8 SSIisi 






llllll 









sHiSS ISS'r 



S SSSSSf 



Sgg|g| 



iS§£ 



ISSSg 



If 



|l|i| 






lllil§ 






P|.s| 
S§iig. 















ii 









2.S= 






§ Ip.i 
i sSc5 



?3rSsS 






i 

ll 



iggogi §mmi §ill§„ ^lli^ i 

.s&OOpy- Trto<DO''>o oScgK^r n ^St« <» 

000.0- Z^ScySo S"«»««*»o c ^*'*' = 

XSS^*^ wwwwwU «w^^^E |o^5S8 

.ttrto SS5S55 *5S^S5 li«E?: 



.iii= 



li|i| IIIIII ||iili iiiig 

g «*p|f IIIIII llllli fl-Pi^ 3 iiiiii iiiiii iiiilS ^|P^» 

° «|gggi iiiiii §§§§§§ |s§lll ° ?|°||s Iggggl ggiiii i»ii||. 

|i§ig| If-lliS i-i-gggs -IsSSS sisiig s-?slgS gggggs 2|SgS§ 



5SSSgS SSSSSS SSSKSS 



Individual Returns/1976 • State Data 






sSiiSi gSSis" ?sisl 



s s 'Sail isiiSs 









sss's 



§.s.s.?i.5 iasSf 



S§R3S 



i^'lllll 



sglfga SS|: 






fill 



Siieil 












s5s?g§ 



ssgsg 



-'II 



i§s5si 



iiiiii 












=ls= 









IsIksS 















& CMirttC^mirt ^ 









?sg egsS?= 



ssasf 



S SiSSgS issps 5.e= 






iiin 



7s5gss 



iiiiii 









lis' 



''asfg 



II 






£||S§g 



disss' 






Plllll 



iiissa 






t?ais 



S iSP.gS 






isas= 



2sg2g 



i isSssg slsSiS 









iliii 






js.i^.ss ejs? 






lt«|i 



ssSiii 



5 5 s" si I 












5 t§5§5?. 5?^"' 






Hi 






iiiiii' 






S siSSSS 



Sssi§S 












ii 

o 



1^ 






aft5E5^ 
Si'sss's 



lUMs 



liill 






RSRSgS" 



CM.KSS" 



t gSiaas SiSSaS sasl^" sissi 






l§§°£5 ^s§r 



t'~s'l2 






|l|ii 






i?£ffiS§ 












gi""? 



s"ls"S5 



II 



SgJSKS |||o 









gog|i iiiiii i|g|i„ g. :i-?s\, 1 
?5-soS sssggg g;-KSs| E s^t!l ^ 



11 



gooii iiiiii i|iii. . im 
iills sss§ss §i?!ri L?n 



ill 



Si8S8i- sfsss-s ti-s'sss " 
^assas; sssssssj assssSs s 



§^ §^^11^' 



Individual Returns/ 1976 • State Data 



k'ISsI ssssss sSSsiS issiS 



ISsiss 



' = ?3S' SSSSCS 






3 s'isil xsSsss iisKS' 






5 ■ SSSS iRSS^g'S 






ISSSg 



iNi 



g sstsss 
5 ^Sssss 









SSSis. 






5§ sgpsi SR.gss- sS.s.SI 



S5S«5S sa 






SS5§gS 

fs'Sii's 



i'aiaK 



I Pll-li 









SS||S 






UiMm 



|S§S| 






sSSs 









II 



3 ssiSSH 






s si 









iipi 



s §lisS.i 



ss.s.ss 



IIssEk 



Sllss 



5 ssssss 



:g-s§s 



§SS5S 





















gS-S' 









Isftigg 



i|||i-5 






sfei's'g'S 









s s5i§si 









siij 



RiSSSSS 2$ 






kSss^" ~ 






I fill 



sisSis 






5 scas^tss 



SS§S2§ 






111 



3 isiSss 



5.iS.i|S 









§ silsss 






g's"-"-" 






1^ 

if 

il 






mill 



5 SSg5|K 

5 s sis IS 






s?s=s 






iissis 



sfflp" sssZl 



sIS! 



saes.s 



lliii 



I s Si III 









M^mi 









S I a is 2 






S SiSSSS SSSSS2 ?"° 



3SS5gt 



s.ssS"° 



E § 

51 



ooo§S g8SggS Sg88"i„ 

S.8.8.g~ sisssss ssasss i S<»"s 

ISSS- ----<»" rrsss^ issS«i 



i 



i§ iiiiii i|i|l^ ^ ill 

gggg™ sssgss siSSss i s"-s 

22S^<« »,»»»»«.«»> •xf.^^^B lo^SSi 



l§s§Ss SsSsSS SiS§; 



s^sigs'E EiSSSS §S; 



184 



Individual Returns/ 1976 • State Data 



'Sis.s lis 



5 § 'SsSi iSssiS 






'a'sgs 






§iS?li 






SSSffi 



2 sisiii 



i.§.|||i 









if^ll 









§MW- 









;SspS 









ssssist sa- 









glass's 



|s a" '"■'"" 









=ss. sisis/ 












if Si? 



°sisSs 



£|SR5 












Iifii 






SiSSis 






muM. 



£ silsis 



i|ii|S 



SSǤS' 









5 tas!?S5i 






igfi? 



i S'sssss 



ilaiii 






sls§§ 






sisS?? 












ss.ss|§ 



f §§S5 



ll 






SsfsSs 



sSi*"' 



p.||S 



i "isiii 









!Ptl 



IfsiiS 









ilili 



i p|.||| 



iiiiii 



gSSfftS 



iilll; 



'{! 



MMsM 



S §Sg. 



£|||.i.| 



§S3S§° 






s s.|||||. 

S ss£§8§ 



sggggs 






SSS2S 



5 s'SSs'lg 






§5?S£S 



;l|ii 






iiiiii 






si^ss 



siS.saS 






i§?a" 






ssssas ssssr; 






S I 
S ^ 

ii 



|l|ll 


















|i 



5 sssiss 



S.SSSlS.Si siss? 









ss||g| 






in o 
iri * 

Ii 



ml 



iiiii liiii iiiiii I |si. I 

ssss- "';•:•:■:!? r-^sss^ IssSli 



iHil IIIIII Iiiiii r 



(%sS SSSSiS §S;^ii 



« - 






!! 

10 

It 



Si 
is 



iWi 



Hi 



li 



f e «B 



ji 






35s. 

ii 






Individual Returns/ 1976 • State Data 

S ~'gsSg SSsSaS SisS== sggg= t pigsis is§iss ssgs: 






8 "'sffig^ S?sl£§ ifS: 






s s'ss's 






i sffisiii asfiii sSsI" 
























R Sassii ssSssS Sssi' ■ 









isisss sSSi' 









lis III RS.g.i= 



I |s||.p. mill iii.s 

5 T~*"£2 ssasss ss": 



T^'isiffi' 


















£ ^sSssi sisSii sSSSiS 

g -£g"SS gftS5S!S S!gSS'"~ 






ssiSii sssSs.s. 






5 SSSSS SSSSS= 2 



K|¥S;' 



|Sg|S 



jSs^.t 



llllll IIP"" 












I ilisii 



mill. |.||S = 



SSSSS 






m-° 






fegSffigS SIS'- 



ill-ll 






■Ills 






"■ ^..u,^ 






iiiil 






15? 



'•iE°-°- 









5 "I'iiii illgil 11 



SSSSg 



I ||£5J.| 









g S5SSSS SSS2a= 






gW~'s 



,ggi 



o|§ iiiiii sMB.^ ^lli^ 1 

J sttill iiiiii iillls i||||| 

I Slllfs ssi§§s "o^oi g?|ggg 

" Iiiiii Iiiiii iiiiii ^MM 

SaSSSK SSS5SS SKssas 5 



iiiiiiiiii iiiil ill 

.00008 ii§§gg gliiil liiiii 
«S888g S5S-S§S Sggggi "Is'sSS 
Sassss ssssaa assess g^-— »- 



185 



Individual Returns/ 1976 • State Data 



P 



s ? 'IkkI SISKSS 





















iiji 

i a c^ 



«■ s 



tssss 









p.llll 



§§gggg 



KSSS§5 



S5sp- ' ssiSS 












II 



i'^SRgS SSSSgS 






i II p. Ik 



215315 
11 I S"" 



S sillSg liji.is 






I ^.li§?S 






SKgS'S 















S 3gSg|§ 



Sssisi Si 



skills Isssi 



sSsIIk i^ij.is 






S'SSSSS 






gSSSSS 






11 



5 .'SsSsI 









il'-IIE 



§i?SiS 












I ^liill 



ISSSii 



lili 









I lll-p-"- 



3K!3SgS 









III 



ipi.ls 






5 SSSgSg" 






il~s5S 



i'iiii 



If 

5! 



11 



iP.P. gJJ.SSS iS5Pi= iisgi 












S <S"ot°^S S^^SoS SSRi"" " SSSotS 









ilisi 



Hi 



B T 



ii'iiii 



3 5.Ss.s.' ssiss 



i" ^MMi 



;§i§.i KsSSs? 



iii: 



S ssssil ^.iss.! 






5 sagiss 



isSiis s5sS'^ 



I3S; 



5 I 
E g 



in " 

|1 



ill 



ill 



^11 I 



I I iiiiii i|iii„ . is§ 



Hill Hill 



I i 



'° ?ip5§ iiiiii ii|||| III 

Saasss ssssss kkssss < 



l§ illlll |||ii„ j|ll„ 
"""SSSS Ss"^?^i i„^ss| 



Individual Returns/ 1976 • State Data 



187 



S.sS.isH 



lillp- lll^-l^- iis°-^- 


















8 ';i!S2 






Ji«li 






SSIiSS 






sgsgg 









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188 



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190 



Individual Returns/ 1976 • State Data 



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Individual Returns/ 1976 • State Data 





31 


1 


w 


1 


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2.483 
7.617 

•4.83^ 
10.177 
•13.625 
161.049 




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•3.184 
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■5.251 
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4.608 
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■12,338 

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■15.442 
•16,620 

27.730 
■25.353 

48,121 

21,448 

3,942 

497 

37 

25 

77,670 
82,120 
26,526 
•28,584 
127,158 






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2,168 

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28,849 
16,181 
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46,718 






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■6.238 
19,061 
■3,184 
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■4,074 
■5,451 
■3,324 
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5.182 
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•781 
•3.720 
■4,535 
■7,290 
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•6.948 
•5,162 

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51,667 

1:231 
3.216 
13.563 

2.007 
14.320 
15.475 
18.075 
196.670 




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•4.773 

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•8,665 
•4,517 

■4.295 
•5.472 
•4.432 
•4,631 
•7,055 
•7,088 

9.423 
4.883 
1.047 
116 

10 

8.032 
28.089 
13.886 




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76,340 
35,423 
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69,372 
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30:749 

48.121 

21.888 

4,384 

528 

47 

36 

133,463 
117,794 
36,369 
31,198 
138,675 




If 

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1,795,258 

13,144 
58,232 
•54,611 
•88,918 
•83,982 
•9.805 

•46.515 
•65.680 
•67.981 
•83.292 
229.830 
•139.484 

410.718 
312.524 
105.323 
19.323 
3.708 
2.186 

102.158 
196.729 
116,181 
157,093 
1,223,097 


1 


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1 


Under $2,000 

$2,000 under $4,000 

$4,000 under $6.000 

$6,000 under $8,000 

$8,000 under $10.000 

$10,000 under $12,000 

119 rvm „nrtor tiinoo 


$14,000 under $16,000 

$16,000 under $18,000 

$18,000 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 $200,000 


$500,000 under $1,000,000 

$1,000,000 or more 

All returns, summary: 

Under $5,000 

$5,000 under $10,000 





St 

II 
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III 

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action 6 



Explanation of 
Classifications 
and Terms 



Ital Status 

The five marital status 
jsifications were: 

(1) Joint returns of 
jands and wives, 

(2) Separate returns of 
lands and wives, 

(3) Returns of heads of 
seholds, 

(4) Returns of surviving 
ises, and 

(5'> Returns of single 
sons not heads of households or 
/iving spouses. 

Marital status was usually 
!rmined as of the last day of 

tax year. If one spouse died 
ing the tax year, the other was 
sidered married for the entire 
:. If a taxpayer was divorced 
ing the tax year and did not 
irry, the taxpayer was consid- 
> be unmarried for the 
year. Each of the above 
ssifications is defined under 
arate heading. 



;te classifications were 
ed on the taxpayer's address 

>n the pre-printed address 
el or reported by the taxpayer 
the return. Data for returns 
h addresses outside the 50 
es and the District of 
imbia are shown in three 
irate classifications in the 
;e statistics. Returns from 
Virgin Islands, Panama Canal 
;, and returns with foreign 
resses are classified under 

citizens abroad." Data from 
fying returns filed by bona 
residents of Puerto Rico, 
cribed in section 5, State 
a, are shown in a separate 
egory. The third classifica- 
n covers returns for armed 
vice personnel stationed abroad 
' filed their returns in New 
k, California, or Washington 
ire their Army Post Office (APO) 
Fleet Post Office (FPO) was 
:ated. 



irns 



Lth Standard Deduction or 



[temized Deductions 



This classifi 
basically det 



ion of returns 
Lned by the 



presence or absence of nonbusiness 
itemized deductions. 

For classification purposes of 
this report, returns with itemized 
deductions were only those which 
had positive adjusted gross income 
from which the taxpayer subtracted 
itemized nonbusiness deductions 
in computing taxable income. 
Returns with itemized deductions 
which showed no adjusted gross 
income or an adjusted gross 
deficit were excluded from this 
classification because there was 
nothing from which to subtract the 
deductions. A relatively few 
returns which showed no deductions 
were classified as itemized deduc- 
tion returns; this occurred because 
married persons filing separate 
returns were each required to use 
the same kind of deduction, thus 
making it possible for one spouse 
to claim all their combined item- 
ized deductions and the other 
spouse to claim none. It was, 
therefore, assumed for the statis- 
tics that returns of married 
persons filing separately and 
showing no deductions were 
itemized deduction returns. 

Standard deduction returns 
generally were those with positive 
adjusted gross income and with no 
itemized deductions. (Returns 
with no adjusted gross income or 
an adjusted gross deficit were 
excluded from the standard 
deduction return classification 
for the same reason they were 
excluded from the itemized 
deduction returns classifica- 
tion.) There were some returns 
showing no deductions which were 
classified as standard deduction 
returns. These were returns of 
persons who were dependents with 
"unearned income," on which the 
standard deduction was limited to 
the amount of "earned income" (as 
well as the $2,400 maximum amount) 
in the event there were no item- 
ized deductions. It was, there- 
fore, assumed for the statistics 
that returns of taxpayers who were 
dependents with unearned income 
and which showed no deductions 
were standard deduction returns. 
(See also "Dependents with Unearned 
Income" in this section.) 

Size of Adjusted Gross Income 

The amount of adjusted gross 
income reported by the taxpayer on 



the return was the basis for 
classifying data by size of 
adjusted gross income. Returns 
with deficit and those on which 
income and loss were equal were 
classified as having "no adjusted 
gross income" and appear as a 
separate class. 



Size o 


f Expanded I 


ncome. Adjusted 


Gross 


Income Less 


Investment 


Intere 


st, at 


id Adju 


sted Gross 


Income 


Plus 


Tax Pr 


eferences 



The computed amounts on which 
these classifications are based 
are described below under "Terms." 
Returns on which this computation 
resulted in zero or a negative 
amount were included in the lowest 
income class. 

Tax Rates 

The tax rates, graduated from 
14 to 70 percent, were grouped by 
marital status and size of taxable 
income into four sets or schedules 
of rates for individual income tax 
returns. These four sets of rates 
were for: 

(1) Joint returns and 
returns of surviving spouses, 

(2) Separate returns of 
husbands and wives, 

(3) Returns of heads of 
households, and 

(4) Returns of single 
persons not heads of households or 
surviving spouses. 

The rates were specified in 
the "tax rate schedules" and 
incorporated into the "tax 
tables." For Tax Year 1976, 
taxpayers with taxable income of 
$20,000 or less, whether they used 
the standard deduction or itemized 
their personal expenses, used the 
tax tables to determine their 
tax. (In previous years, the tax 
tables were based on adjusted 
gross income and their use was 
limited Co taxpayers claiming the 
standard deduction.) The tax rate 
schedules were used by those 
taxpayers whose taxable income 
exceeded $20,000. Reproductions 
of the tax rate schedules and tax 
tables can be found in section 8, 
1976 Forms and Instructions. 



193 



194 



Individual Returns/1976 



Classifications and Terms 



Tax rates were used to 
classify data for some of the 
tables in section 3, Tax 
Computation and Tax Rates. 
Typically, the tax on income 
subject to tax was computed using 
various rates which applied to 
separate segments of income. 
Thus, associated with each tax 
rate applicable to a given return 
was a segment of income and the 
tax generated on that segment of 
income. Such totals for each tax 
rate are presented in tables 3.13 
through 3.17. In table 3.12, the 
highest or marginal rate applicable 
is used to group returns. (See 
also the illustrations and text in 
section 3, Tax Computation and Tax 
Rates.) 

Taxable and Nontaxable Returns 

Taxability of a return for 
purposes of this report was 
determined by the presence of 
income tax after credits or the 
additional tax for tax preferences 
("minimum tax"). Some returns 
classified as "nontaxable" may 
have had a liability for tax from 
the self-employment tax, the 
social security tax on tip income, 
taxes from recomputing prior-year 
investment or work incentive (WIN) 
credits, taxes from excess contri- 
butions to or premature with- 
drawals from individual retirement 
accounts, or other taxes t however, 
these taxes were disregarded for 
purposes of this classification 
since the first two were considered 
social security (rather than 
income) taxes, and since the 
remaining ones were not based on 
the current year's income. For 
purposes of this report, the 
earned income credit in effect for 
1976 was treated as an amount 
which could be used to offset 
income tax before credits. As a 
result, returns on which there was 
no additional tax for tax 
preferences and on which the 
earned income credit exceeded 
income tax before credits became 
nontaxable strictly because of the 
earned income credit. (See also 
"Earned Income Credit" and "Income 
Tax After Credits.") 

It should be noted that 
classification as taxable or 
nontaxable was generally based on 
each return as it was originally 
filed; the classification does not 
reflect any changes resulting from 
audit or other enforcement activi- 
ties. However, there was an excep- 
tion in the case of the earned 
income credit. Many taxpayers 
received the credit only after the 
Internal Revenue Service had 
reviewed their return during 
processing for revenue purposes 
and notified them that they were 
eligible to receive the credit. 
Therefore, while these returns 



were neither amended nor corrected 
through audit, they were adjusted 
during revenue processing and 
these adjustments are reflected in 
the data. (See also "Earned 
Income Credit," in section 3, Tax 
Computation and Tax Rates.) 
Generally, amended return data 
were also excluded from the 
statistics and had no effect on 
this classification. However, for 
this report, some amended return 
data were used for returns showing 
income earned abroad, which 
resulted in some of these returns 
becoming nontaxable. The amended 
returns were used in order to 
present more accurate statistics 
inasmuch as provisions enacted for 
Tax Year 1976 by the Tax Reform 
Act of 1976 were later postponed 
for one year by the Tax Reduction 
and Simplification Act of 1977. 
See section 1, Returns Filed and 
Sources of Income, for a descrip- 
tion of these tax law changes and 
their effect on the statistics. 

Taxpayers Age 65 or Over 

The presence of the additional 
exemption allowed taxpayers age 65 
or over was used as the basis of 
this classification. In the case 
of joint returns of husbands and 
wives, some had only one addi- 
tional exemption for age 65 or 
over while others had two 
additional exemptions for age, 
indicating that both husband and 
wife were age 65 or more. Whether 
one or two exemptions were claimed, 
the return was considered as a 
return of a taxpayer age 65 or 
over. 

Type of Tax Computation 

There were five methods of 
computing the tax on income 
subject to tax (taxable income on 
most returns) used to classify 
returns for the statistics, as 
shown in table 3.1. These methods 
were: 

(1) Regular tax, as computed 
from the tax tables or tax rate 
schedules accompanying the Forms 
1040 or 1040A; 

(2) Alternative tax, computed 
on Schedule D, Capital Gains and 
Losses; 

(3) Income averaging, 
computed on Schedule G, Income 
Averaging; 

(4) Maximum combined with 
regular tax, computed on Part I, 
Form 4726, Maximum Tax on Earned 
Income; and 

(5) Maximum combined with 
alternative tax, computed on Part 
II, Form 4726, Maximum Tax on 
Earned Income. 

Two additional special types 
of computation are shown in the 
statistics: the "additional tax 
for tax preferences" (computed on 



Form 4625, Computation of Minimum 
Tax) and the "tax from special 
income averaging" on lump-sum 
distributions from pension plans 
(computed on Form 4972, Special 
10-year Averaging Method) . Even 
though these two special taxes 
affected the taxable/nontaxable 
status of a return for the sta- 
tistics, they were both computed 
on income which was excluded from 
adjusted gross income and, there- 
fore, from income subject to tax. 
Table 3A presents data for each 
type of tax computation mentioned 
above. 

All of these tax computation 
methods are described below in the 
Explanation of Terms and in section 
3, Tax Computation and Tax Rates. 

TERMS 

Explanations of terms are 
designed to aid the user in 
interpreting the statistical 
content of this report and should 
not be construed as interpreta- 
tions of the Internal Revenue Code 
or related regulations, procedures 
or policies. Code sections cited 
were those in effect for 1976. 

Additional Tax for Tax Preference s 

First introduced for 1970 by 
the Tax Reform Act of 1969, the 
additional tax for tax preferences 
("minimum tax") was intended to 
make possible the taxation, to 
some extent, of selected income 
and deduction items afforded 
special tax treatment, described 
by law as "tax preferences" (see 
"Tax Preferences" below). Various 
deductions and adjustments could 
be made which reduced the effec- 
tive tax on preferences, however. 

The Tax Reform Act of 1976 
contained provisions which 
increased the effective tax on 
tax preferences by: 

(1) increasing the tax 
rate from 10 to 15 percent; 

(2) reducing the tax 
preferences initially excluded 
from taxation from $30,000 
($15,000 for married persons 
filing separately) plus the 
regular income tax for the year to 
the larger of $10,000 ($5,000 for 
married persons filing separately) 
or one-half of the regular income 
tax for the year; 

(3) adding two new tax 
preference items, specifically, 
"intangible drilling costs" and 
the "itemized deductions tax 
preference;" and 

(4) expanding the 
definition of an existing prefer- 
ence, "accelerated depreciation on 
personal property subject to a n 
lease," to cover all leased per- 
sonal property. 

See section 3, Tax Computation 
and Tax Rates, for a more complete 



Individual Retums/1976 . Classifications and Terms 



195 



ption of the computation of 
Is tax and the law changes 
iecting it. 

justed Gross Income 

lis amount was the result of 
ducing gross income from all 
jrces subject to tax by 
justments such as the following: 

(1) ordinary and 
pessary expenses of operating a 
ade or business; 

(2) employee business 
d moving expenses; 

(3) deductions 
tributable to rents and 
yalties; 

(4) expenses of outside 
lesmen attributable to earning a 
lary, commission, or other 
mpensation; 

(5) depreciation and 
pletion deductions allowed life 
nants and income beneficiaries 

property held in trust; 

(6) exclusion of 
owable sick pay if the sick pay 

included in gross salary; 

(7) deductible losses 
m sales of capital assets and 

her property; 

(8) deductible half of 
e excess of net long-term 
pital gain over net short-term 
pital loss; 

(9) excludable portion 
qualified dividends (up to $100 

r taxpayer); 

(lO business "net 
erating loss" deduction (because 
ta from amended returns were not 
ed, only amounts carried over 
om prior years are reflected in 
e statistics; carrybacks from 
ture years are not); 

(11) contributions to a 
tirement fund, either a "Keogh 
an" established by self-employed 
irsons or an individual retire- 
int account (IRA) established by 
nployees or self-employed persons; 

(12) exclusion of the 
rdinary income portion (in 

ast to the amount treated as 
ong-term capital gains) of the 
axable amount of a lump-sum 
stribution from a qualified 
nsion or retirement plan when 
uch amounts were taxed separately 
rom other sources of income; 

(13) deductions for 
nterest forfeited because of 
remature withdrawals from time 
avings accounts or deposits. 

A deficit adjusted gross 
ncome occurred when the allowable 
eductions or losses exceeded 



idjusted Gross Income Less 



Adjusted Gross In 



See "Adjusted Gross Income" 
ind "Investment Interest." 



Preferences 

See "Adjusted Gross Income" 
and "Tax Preferences." 

Adjustments 

See "Statutory Adjustments." 

Alimony Received 

Payments received as alimony 
or separate maintenance were 
income to the person receiving 
them (and a deduction to the 
person paying them) if the 
payments were: 

(1) required under the 
terms of a decree of divorce or 
separation or a written instrument 
incident to that decree; 

(2) paid in discharge of 
a legal obligation based on the 
marital relationship; 

(3) paid after the 
decree and on a periodic basis. 

Alternative Computation of Tax 

Income tax before credits was 
usually computed by applying to 
taxable income graduated rates 
ranging from 14 to 70 percent. 
However, taxpayers with large 
amounts of taxable income which 
included long-term capital gains 
could profitably elect the alterna- 
tive tax computation. The effect 
of this election was to limit the 
tax rate on the first $25,000 
($12,500 for married persons 
filing separately) of the taxable 
portion of the long-term capital 
gain to 50 percent. 

In computing the amount of 
long-term capital gain includable 
in adjusted gross income, the net 
short-term loss was combined with 
the net long-term gain. Only 50 
percent of the resultant long-terra 
gain was included in adjusted 
gross income. If the alternative 
tax computation were elected, 
generally the first $25,000 
($12,500 for married persons 
filing separately) of such 
included gain was taxed at a rate 
of 50 percent (in effect, 25 
percent of the total net gain). 
The tax on the amount above 
$25,000 (or above $12,500 for 
separate returns) was the excess 
of the regular tax on total 
taxable income over the regular 
tax on total taxable income 
reduced by the net long-term 
capital gain (reduced by the net 
short-term capital loss) in excess 
of $25,000 (or in excess of 
$12,500 for separate returns). 

On certain prior-year and 
noncalendar year returns included 
in the statistics, additional 
amounts of capital gain may have 



been taxable at the 50 percent 
rate. This occurred when the 
taxpayer had long-term gains 
from certain binding contracts, 
distributions and installment 
sales agreed to on or before 
October 9, 1969. 

Since the alternative tax was 
computed at no less than 50 
percent, the computation was 
profitable only to taxpayers whose 
taxable income was large enough to 
be taxed at rates higher than 50 
percent under the regular 
computation method. This meant 
that taxable income had to exceed 
$26,000 for married taxpayers 
filing separately, $38,000 for 
single persons and heads of 
households, and $52,000 for 
married persons filing jointly. 

Taxpayers with large amounts 
of taxable income which included 
both earned income (salaries, 
wages, and the like) and net 
long-term capital gains could 
avail themselves of the "maximum 
tax" on earned income (limiting 
the tax rate on earned income to 
50 percent) as well as the 
alternative tax on net long-term 
capital gains. See "Maximum Tax 
on Earned Income." 

Balance Due After Remittance 

This amount was the difference 
between "tax due at time of filing" 
and the remittance tendered by the 
taxpayer with the return. 
Business or Profession Net Profit 
or Net Loss 



This source of income was 
reported by individuals who were 
sole proprietors of a non-farm 
business or self-employed members 
of a profession. When there were 
two or more sole proprietorships 
operated by the same taxpayer(s), 
the single amount of profit or 
loss included in adjusted gross 
income represented the combined 
profit and loss from all business 
activities. The proprietor was 
required to exclude investment 
income from business profits and 
to include it, instead, with the 
various types of investment income 
for which separate provision was 
made on the individual income tax 
return. 

Business costs and expenses 
were deductible from gross receipts 
or gross sales in arriving at net 
profit or loss. Compensation of 
the proprietor was taxable income 
and, therefore, not allowed as a 
business deduction in computing 
net profit. The deduction of 
"net operating losses" from other 
years was not considered a busi- 
ness expense, but was offset, 
instead, against "other income" on 
the proprietor's income tax return. 



196 



Individual Returns/ 1976 • Classifications and Terms 



Information on business 
receipts and expenditures can be 
found in Statistics of Income — 
Business Income Tax Returns. 



Capital Assets 

See "Sales of Capital Assets." 

Capital Gain Distributions 
Reported on Form 1040 

These distributions included 
the following: 

(1) Long-term capital 
gains credited or distributed to 
individual taxpayers by regulated 
investment companies (mutual 
funds). Gains credited but not 
distributed were reported as 
income, but the taxpayer was also 
credited with the amount of tax 
paid on the gains by the regulated 
investment company (mutual fund); 

(2) Long-term capital 
gains distributed by real estate 
investment trusts. 

Normally, taxpayers would have 
entered amounts of these distribu- 
tions on the supporting schedule 
used for this type of income 
(Schedule D, Capital Gains and 
Losses). However, if the tax- 
payers did not need Schedule D to 
report any other gains or losses 
or to compute the alternative tax, 
they then entered 50 percent of 
the capital gain distributions 
directly on line 29b, page 2 of 
Form 1040. See also "Sales of 
Capital Assets." 

Capital Gains and Losses 

See "Sales of Capital Assets." 

Capital Gains Offset 

See "Maximum Tax on Earned 
Income. " 

Capital Loss Carryover 

See "Sales of Capital Assets." 

Capital Gains Portion of Lump-sum 
Distributions 

See "Lump-sum Distributions 
Not Included in Adjusted Gross 
Income. " 

Casualty and Theft Losses 

Personal casualty and theft 
losses not compensated for by 
insurance were deductible from 
adjusted gross .income to the 
extent that the" loss for each 
casualty or theft exceeded $100. 
A casualty was defined as complete 
or partial de§t.ruction of property 
resulting frOm an identifiable 
event of a sudden, unexpected, or 
unusual natJre. This deduction 
was also tabulated as part of 
"Total miscellaneous deductions." 



Child Care Credit 

This was a credit to reduce 
income tax, introduced for Tax 
Year 1976, which could be claimed 
by taxpayers who incurred expenses 
for the care of dependent children 
under age 15 (or other dependents 
or spouses who were disabled) 
while these taxpayers were 
working. Qualifying expenses 
included both those for services 
performed within the home (such 
as for baby-sitters, maids, and 
cooks) and, in the case of 
children under age 15, services 
outside the home, such as those 
performed by day-cSre centers or 
nursery schools. 

The actual credit equalled 20 
percent of the smallest of the 
three following amounts: 

(ll total qualifying 
expenses, as described above; 

(2) the amount of income 
earned while these expenses were 
being incurred; for this purpose, 
"earned income" meant salaries, 
wages, tips, and other employee 
compensation plus net earnings 
from sel f -employment . In the case 
of a married couple, neither of 
whom was disabled, the lower of 
the two earned incomes had to be 
used; couples with only one earned 
income, or who did not file a 
joint return, did not qualify for 
the credit; 

(3) $2,000 ($4,000 if 
the expenses incurred were for the 
care of two or more qualifying 
dependents) . 

The child care credit replaced 
the child care deduction, appli- 
cable for 1975 and earlier years. 
The credit was not "refundable" 
and was limited to income tax 
before credits mi 
tax credit, credi 
elderly, foreign 
investment credit, work incentive 
(WIN) credit, political contribu- 
tions credit, and credit for the 
purchase of new principal resi- 
dence . 



IS the general 
for the 
IX credit. 



Contributions deductible from 
adjusted gross income were gifts, 
in the form of cash or property, 
to (a) organizations created in 
the United States or its possess- 
ions, or under its laws, and 
operated for religious, charitable, 
scientific, literary, or educa- 
tional purposes exclusively, or 
for the prevention of cruelty to 
children or animals, (b) 
veterans' organizations, and (c) 
governmental agencies which used 
the gifts for public purposes. 
Individuals who were members of a 
partnership also included their 
pro rata share of partnership 
contr ibutions. 



In general, a deduction was 
allowed for all contributions up 
to 50 percent of adjusted gross 
income, with the exception of 
contributions to private non- 
operating foundations which were 
subject to a 20 percent limita- 
tion. However, contributions of 
certain capital property which 
appreciated in value were subject 
to a 30 percent limitation unless 
the taxpayer elected to take the 
unrealized appreciation into 
account for tax purposes by 
reducing the contribution 
deduction by 50 percent of the 
potential long-term capital gain 
on a sale of the property. Contr: 
butions exceeding the 50 (or 30) 
percent limitation could be 
carried over to be deducted in th 
next 5 years so that, in addition 
to contributions made in 1976, the 
statistics also include amounts 
carried over from 1971-75, that 
were within the current year's 
percentage limitations. 



Credit for Contributions to 
Candidates for Public Office 



See "Political Contributi 



Credit for the Elderly 

For taxpayers under age 65, 
the computation of this credit 
against income tax was similar to 
that for the retirement income 
credit in effect for 1975 and 
earlier years. In brief, the base 
for this computation for 1976 was 
pensions and annuities received 
under public retirement systems, 
limited to $2,500 for single 
persons and married persons filing 
joint returns with only one spouse 
having qualifying pensions, $3,75C 
for couples filing jointly if 1 
had qualifying pensions, and 
$1,875 for married persons living 
apart from their spouses and 
filing separate returns (the 
corresponding limits for 1975 were 
$1,524; $3,048; and $1,524; 
respectively). The base was 
further reduced by pensions 
received under the Social Security 
or Railroad Retirement Acts, and 
by the amount of "earned income" 
(salaries, wages, professional 
fees, commissions, and other 
compensation for personal 
services) in excess of $1,200. 
The actual credit equalled 15 
percent of the (reduced) base and 
was limited to income tax before 
credits minus the general tax 
credit. For a more complete 
description of this credit see 
section 4, Taxpayers Age 65 or 
Over, Credit for the Elderly. 



Individual Returns/ 1976 . Classifications and Terms 



197 



dit for Federal Tax 



oline, Fuel, and Oi 



This was a credit allowed in 
1 or in stated amounts by 

ion 39 of the Internal Revenue 
e for excise taxes paid on: 

gasoline used on farms for 
ming purposes, (2) gasoline 
d for nonhighway purposes or by 
al transit systems, (3) 
ricating oil used for 
highway purposes, and (4) 

ified fuels which were either 
d for certain purposes other 
n the purpose for which they 
e sold, or resold during the 
:able year. These taxes could 
applied as a credit to reduce 

income tax liability when the 
urn was filed or refunded 
ing the taxable year if the 
die for any fuel category or 
■ lubricating oil in any of the 
st three quarters of the year 
i at least $1,000. 

dit on 1977 Tax 



This credit was part of the 
;rpayment on 1976 tax which 
:payers specifically requested 
be credited to their estimatec 
: for 1977. 

•rent Actuarial Value of 



This represented the 
icounted amount of annuity 
tome the taxpayer could expect 
realize from an annuity at the 
ae the return was filed. This 
)unt was supplied by the tax- 
^er's employer on Form 1099R, 
i reported by the taxpayer on 
lie 6 of Form 4972, Special 
-year Averaging Method, and was 
id only for the purpose of 
oputing the tax on the ordinary 
:ome portion of a lump-sum 
stribution from a qualified 
tirement plan. 

pendents with Unearned Income 



Prior to the enactment of the 
venue Act of 1971, the standard 
duction was available to a tax- 
yer regardless of the source of 
icome. The 1971 Act provided 
at in the case of certain 
xpayers who were dependents and 
o did not itemize their deduc- 
ons the low-income allowance 
luld not exceed "earned income" 
luch as wages, salaries, and 
•ofessional fees) and that the 
ircentage standard deduction 
luld be computed only with 
ference to that part of the 
ixpayer's adjusted gross income 
lat was attributable to earned 
icome. The limitation applied if 
le taxpayer was the dependent of 
lother taxpayer for the year, 
lether or not he or she was, in 



fact, claimed as a dependent by 
the other taxpayer. 

Dividend Exclusion 

A taxpayer could exclude up to 
$100 of eligible dividends from 
adjusted gross income. On joint 
returns, the maximum exclusion was 
$200 if both husband and wife 
received eligible dividends, each 
excluding up to $100 against their 
respective dividend income. For 
an explanation of eligible 
dividends, see "Domestic and 
Foreign Dividends Received." 

Dividends in Adjusted Gross Income 

Total domestic and foreign 
dividends less the dividend 
exclusion equalled dividends in 
adjusted gross income. 

For a further explanation, see 
"Domestic and Foreign Dividends 
Received" and "Dividend Exclusion." 

Domestic and Foreign Dividends 
Received 

Domestic and foreign dividends 
received included: 

(1) dividends eligible for 
the dividend exclusion (defined 
above) consisting of dividends 
from domestic corporations 
received, directly or indirectly 
(e.g., as a beneficiary of income 
from estates or trusts, or as a 
partner for his or her distribu- 
tive share of partnership profits); 
and 

(2) dividends not eligible 
for the dividend exclusion 
consisting of dividends from 
foreign corporations, China Trade 
Act corporations, tax-exempt 
farmers' cooperatives, real estate 
investment trusts, and corporations 
most of whose business was con- 
ducted in U.S. possessions. 

Domestic and foreign dividends 
did not include capital gain 
distributions from regulated 
investment companies and real 
estate investment trusts, non- 
taxable distributions of stock or 
stock ri^ts, returns of capital, 
or liquidation distributions. 
Taxpayers were also instructed to 
exclude so-called dividends on 
deposits or withdrawable accounts 
in mutual savings banks, coopera- 
tive banks, savings and loan 
associations, and credit unions; 
and patronage dividends declared 
by farmers' cooperatives and other 
cooperative organizations. 

Earned Income 

For the definition of earned 
income, see the concept in which 
it is used (e.g., for the defini- 
tion used to compute the earned 
income credit, see "Earned Income 
Credit.") 



Earned Ir 



Credi 



The Tax Reduction Act of 
1975 provided an "earned income 
credit," available for Tax Year 
1975, to low- income workers who 
maintained a household and had 
dependent children whom they 
claimed as exemptions. This 
credit was based on "earned 
income," comprised of wages, 
salaries, and other employee 
compensation, plus net earnings 
from self -employment , and was 
intended to offset the impact of 
social security taxes on low- 
income individuals and to encourage 
them to obtain employment. The 
Tax Reform Act of 1976 subsequently 
continued the "earned income 
credit" for Tax Years 1976 and 
1977 and liberalized the 
requirements for claiming the 
credit. 

The maximum credit remained at 
10 percent of the first $4,000 of 
earned income, or $400, and was 
reduced by an amount equal to 10 
percent of the taxpayer's adjusted 
gross income or earned income, 
whichever was larger, above 
$4,000. Thus, at the $8,000 
adjusted gross income level (or 
earned income level) the credit 
was eliminated. 

Taxpayers who met the 
following five conditions were 
eligible to claim the earned 
income credit for 1976: 

(1) had an adjusted gross 
income or earned income, whichever 
was larger, of less than $8,000, 

(2) maintained a household 
which was the principal place of 
abode for the taxpayer and at 
least one child who was either 
under 19 years of age or was a 
student, or was disabled, 

(3) were not entitled to 
exclude from gross income any 
amount of income earned from 
sources outside the United States 
or from sources within U.S. 
possessions, 

(4) had a taxable year that 
represented a full 12 months, and 

(5) filed a joint return if 
married. 

The "earned income credit" was 
unique in that it could result in 
a refund to the extent it was not 
used to offset the income tax 
liability. Thus, even if an 
individual was not otherwise 
required to file a return, it was 
to his or her benefit to do so and 
to claim the earned income 
credit. See the text in section 
3, Tax Computation and Tax Rates, 
for a further discussion of, and 
the data on, the earned income 
credit. 

Earned Net Income 

See "Maximum Tax on Earned 
Income. " 



198 



Individual Return8/1976 • Classifications and Terms 



Earned Taxable Income 



Tax on Earned 



Estate or Trust Net Income or Loss 

This was the beneficiaries' 
share of fiduciary income (with 
the exception of the items 
described below which were 
reported separately) from any 
estate or trust. Income from 
estates or trusts included amounts 
required to be distributed and 
amounts credited to beneficiaries' 
accounts from current-year fiduci- 
ary income, whether or not actually 
received. 

Also included was the benefi- 
ciaries' share of any "accumula- 
tion distribution" made in the 
current year by the fiduciary of a 
"complex trust" for income accumu- 
lated in prior tax years. Benefi- 
ciaries' share of these distribu- 
tions was reduced by their share 
of depletion and depreciation 
deductions before reporting the 
net amount as part of adjusted 
gross income. 

Taxpayers excluded from estate 
or trust income their share of 
dividends and gains or losses from 
sales of capital assets and other 
property. Such income (which 
comprised the largest portion of 
income from an estate or trust) 
was included on the tax return on 
the separate lines provided for 
these income types and was not 
identified for the statistics. A 
loss from an estate or trust was 
allocated to the beneficiary only 
upon settlement or termination of 
an estate or trust which, for its 
last tax year, (a) still had a 
net operating loss carryover or a 
capital loss carryover or (b) had 
deductions (other than those for 
exemptions and charitable contribu- 
tions) in excess of gross income. 

Additional information on 
estate or trust income can be 
found for selected years in 
Statistics of Income — Fiduciary 
Income Tax Returns . 

Estimated Tax Payments 

These payments, summarized on 
the individual income tax return, 
were paid quarterly based on the 
1976 Declaration of Estimated 
Income Tax, Form lOAOES. The 
amount reported included any 
credit which was applied against 
the estimated tax by reason of an 
overpayment of the 1975 tax 
liability. 



employee worked for more than one 
employer, the excess could be 
taken as a credit toward payment 
of an employee's income tax. In 
the case of a joint return, the 
credit was computed for each 
taxpayer. For 1975, the maximum 
amount was $824.85. 



Exempt 



Excess Social Sec 



ty Taxes 



For 1976, if the total social 
security (FICA) tax withheld was 
greater than $895.05 because an 



In the computation of taxable 
income, a $750 deduction was 
allowed for each exemption claimed. 

An exemption was allowed for 
each taxpayer shown on a return 
(on joint returns, husband and 
wife were each regarded as a 
taxpayer). If either husband or 
wife filed a separate return, the 
spouse's exemption could be claimed 
on that return only if the other 
spouse did not file a return, had 
no gross income, and was not the 
dependent of another taxpayer. 
Additional exemptions were allowed 
for the taxpayer or spouse who 
indicated either or both of the 
following conditions: age 65 or 
over or blind. 

Exemptions were also allowed 
for qualified dependents, other 
than taxpayer's children, who had 
gross income less than $750 and 
dependent children (regardless of 
income) who received more than 
half their support from the 
taxpayer. 

The total number of exemptions 
shown in this report includes some 
duplication. This occurred in the 
case of: 

(1) dependents other than 
children who had gross income less 
than $750, but filed a return to 
obtain a refund of tax withheld on 
wages, 

(2) dependent children with 
gross income of $750 or more which 
included unearned income 
(dividends, interest, capital 
gains, and the like) and, 

(3) dependent children 
under 19 years of age or students 
regardless of age who either (a) 
were required to file a return 
because their gross income was 
$2,450 or more, or (b) had gross 
income of less than $2,450, all of 
it "earned income," and filed a 
return only to obtain a refund of 
tax withheld on wages. 

In each of these instances 
individuals were counted twice, as 
taxpayers filing their own returns 
and as dependents on another 
taxpayer's return. 



Expanded Income 

This figure was obtained by 
adding together "adjusted gross 
income" and "tax preferences," and 
then subtracting "investment 
Interest." Each of these terms is 
explained separately in this 



section. (For a further explana- 
tion of expanded income, see 
"High-income Returns, Taxable and 
Nontaxable" in section 1.) 

Farm Net Profit or Net Loss 

This source was reported by 
individuals who were sole 
proprietors of a farm. When there 
were two or more farms operated by 
the same taxpayer, the single 
amount of profit or loss included 
in adjusted gross income repre- 
sented the combined profit and 
loss from all farming activities. 

Farm business costs and 
expenses were deductible from 
farm gross business receipts in 
arriving at farm net profit or 
loss. Excluded from farm net 
profit or loss were (1) gain 
from sales of livestock (except 
poultry) held for breeding 
purposes, of unharvested crops 
sold with the land (when the land 
was held for a period which 
qualified it for long-term capital 
gains treatment), and of other 
farmland, all of which were 
reported on the separate schedule 
for sales of property, Form 4797, 
and, (2) farm rental income based 
on crops or livestock produced 
solely by the tenant, without 
material participation of the 
landowner (or sublessor) in the 
operation or management of the 
farm, reported as rental income by 
the owner on the separate schedule 
for supplemental income (Schedule 
E). 

Additional information on farm 
receipts and expenditures can l>e 
found in Statistics of Income — 
Business Income Tax Returns . 

Foreign Tax Credit 

A credit against income tax 
was permitted for foreign taxes 
paid. The credit was for the 
income and profits taxes paid 
to foreign countries or U.S. 
possessions and included the 
taxpayer's share of such taxes 
paid through partnerships and 
fiduciaries . 

In general, the tax credit was 
limited to the same proportion 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. In 
addition, the credit was further 
limited to income tax before 
credits minus the general tax 
credit and the credit for the 
elderly. Amounts in excess of 
this limitation could be carried 
back 2 years and the remainder 
carried forward 5 years for use in 
computing the credit for these 
years . 

Additional information is 
available periodically from 



Individual Retum8/1976 . Classifications and Terms 



199 



Foreign Tax Credit and 
jen Source Income Reported 
/idual Income Tax Returns. 



Statistics of 



le — International 



f Taxable Pensions and 



Lties 

See "Pensions and Annuiti 
Taxable Pensions and 



ties Report 



;d on Schedule E 



See "Pensions and Annuities. 



ral Tax Credit 



This credit against income tax 
available to all taxpayers 
income tax before credits, 
quailed the larger of: 

(1) the "personal exemption 
it," equal to $35 multiplied 
he number of exemptions, other 

those for age and blindness; 

(2) the taxable income credit, 
1 to 2 percent of taxable 

me, but never more than $180 

on returns of married persons 
ng separately). The amount of 
credit was further limited to 
ome tax before credits" so 
it could not result in a 



3 of Households, Returns of 

These returns were filed by 
arried" persons who furnished 
half the cost of maintaining 
usehold for the entire year 
at least one qualifying 
tive. Unmarried persons, for 
OSes of this classification, 

defined as single persons, 
ied persons legally separated, 
ain married individuals living 
t but not legally separated, 
ersons married to nonresident 
ns. "Qualifying" relatives, 

as children, parents, 
hers, and sisters, generally 
to qualify as the taxpayer's 
ndents and had to actually 
with the taxpayer. There 
two exceptions to this rule, 
nts of the taxpayer had to be 
ndents, but did not have to 

in the same household; while 
Idren of the taxpayer did not 
a to be dependents, but did 
s to reside in the same house- 
d as the taxpayer. 
A special tax rate schedule 
provided for heads of house- 
ds which gave approximately 
f the benefit of the joint 
urn schedule. 



le Mortgage Interest 
See "Interest Paid 



Income Averaging 

The standard income averaging 
computation permitted a part of an 
unusually large amount of taxable 
income for any one year to be 
taxed at lower rates, thus 
resulting in a lower amount of 
tax due than would have resulted 
if the taxpayers computed their 
tax using the regular tax computa- 
tion methods. An eligible indivi- 
dual could choose this computation 
if the "averageable income" for 
the year was more than $3,000. 

"Averageable income" was the 
amount by which "adjusted taxable 
income" exceeded 120 percent of 
the average "base period income" 
(the average of taxable income, 
with certain other adjustments, 
for the 4 preceding tax years). 
Briefly, the income averaging 
computation operated to tax all 
averageable income at the same 
rate which applied to the first 
one-fifth of such income. 
"Adjusted taxable income" (taxable 
income for the computation year), 
from which the averageable income 
was derived, covered all income 
except "excess community property 
income" and certain amounts 
received by owner employees (see 
the instruction for Schedule G in 
section 8, 1976 Forms and Instruc- 
tions, for definitions). "Base 
period income" included taxable 
income and income earned outside 
the United States or within U.S. 
possessions which had been 
excluded from taxation under 
sections 911 and 931 of the 
Internal Revenue Code. 

For the "special" income 
averaging computation, see section 
3, Tax Computation and Tax Rates. 

Income Earned Abroad 

A U.S. citizen who was a bona 
fide resident of a foreign country 
was allowed to exclude from U.S. 
taxation all or a portion of any 
"earned income" (see definition 
below) received while living 
abroad. For the first 3 years of 
residence abroad, the taxpayer was 
allowed to exclude a maximum of 
$20,000 per year from taxable 
income. After 3 years the maximum 
excluded amount was generally 
increased to $25,000 per year. 
Taxpayers who lived in a foreign 
country for the entire year could 
use the entire exclusion amount; 
otherwise, they determined the 
amount on a prorated basis 
according to the number of days in 
their qualifying period (see 
definition below). 

Earned income was defined as 
wages, salaries, professional 
fees, and other compensation for 
personal services actually 
rendered. It did not include 
dividends, capital gains, or 



interest. Earned income paid to 
U.S. citizens by the U.S. 
Government was not tax-exempt, 
nor were pensions or annuities 
tax-exempt if attributable to 
employer contributions made for 
services rendered outside the 
United States. 

Tax-exempt income earned 
abroad was reported on Form 2555, 
Exemption of Income Earned Abroad, 
but was not entered on Form 1040 
because it was not included in 
adjusted gross income. Persons 
with no other income were required 
to complete just the name, address, 
social security number, and 
signature sections of Form 1040. 
Returns of persons with wholly 
tax-exempt income were tabulated 
in the "no adjusted gross income" 
size class for the statistics. 

To qualify for the residence 
exemption, a person was required 
to have been a resident of a 
foreign country for an entire 
year. If a taxpayer was a 
resident of the country for only a 
part of the tax year, the income 
earned abroad during that year was 
eligible for exclusion if the 
taxpayer remained a resident for 
the next full tax year. If the 
taxpayer filed a current-year 
return for the year in which he or 
she took up residence abroad, all 
of the income earned during the 
year was initially subject to tax, 
and, to take advantage of the 
exclusion, the taxpayer had to 
file an amended return after he or 
she became eligible for the 
exclusion. As an alternative, the 
taxpayer could apply for a special 
extension for filing a return 
until the residency requirement 
had been met. 

U.S. citizens living abroad 
who were not bona fide residents 
of a foreign country could also be 
eligible for excluding all or a 
portion of their earned income. 
However, these persons did not 
become eligible until they had 
been present in a foreign country 
or countries for 17 out of 18 
consecutive months. At that 
point, the same rules applied to 
them as applied to bona fide 
residents. For the purpose of 
this provision, the term "foreign 
country" meant territory under the 
sovereignty of a government other 
than that of the United States. 

See section 1, Returns Filed 
and Sources of Income, for an 
explanation of the effects on the 
statistics of the Tax Reduction 
Act of 1976 and the Tax Reduction 
and Simplification Act of 1977. 

Additional information is 
available periodically from 
Supplemental Report, Statistics of 
Income — International Income and 
Taxes 



Foreign Tax Credit and 



Foreign Source Income Reported on 
Individual Income Tax Returns. 



200 Indivi 

Income Subject to Tax 

In general, income subject to 
tax was the base for the assess- 
ment of income tax before credits. 
For returns with the regular or 
maximum tax computations, the 
income subject to tax was "taxable 
income," that is, adjusted gross 
income less personal deductions 
and exemptions. For returns with 
the alternative tax computation, 
the income subject to tax was the 
larger of taxable income or 
one-half excess net long-term 
capital gain over net short-term 
capital loss. 

For income averaging returns, 
income subject to tax was a 
reduced amount of taxable income 
especially computed for the 
statistics by working back from 
the tax itself. As an example, 
suppose a taxpayer filing jointly 
had $20,000 of taxable income, all 
of which was eligible for aver- 
aging. The income tax before 
credits computed under income 
averaging was $3,100 (see "Income 
Averaging" above). By consulting 
the tax rate schedule for joint 
returns it could be determined 
that this was the same tax 
assessable on $15,360 of taxable 
income under the regular tax 
computation method. Therefore, 
this latter amount ($15,360') 
became the amount tabulated as 
income subject to tax. (See also 
section 3, Tax Computation and Tax 
Rates.) 

The ordinary income portion of 
lump-sum distributions from 
qualified retirement plans (taxed 
under the special income averaging 
methods) and tax preference income 
(taxed under the minimum tax 
provisions of the law) were not 
included in income subject to tax 
because these two types of income 
were excluded from adjusted gross 
income and, therefore, taxable 
income. Also, they were subjected 
to special types of tax computa- 
tion regardless of any other 
income tax paid by the taxpayer. 
(See also "Type of Tax 
Computation.") 

Income Tax After Credits 



iturns/1976 • Classifications and Terms 



Income tax after credits was 
equal to "income tax before 
credits" minus the following tax 
credits: credit for the elderly; 
investment credit; foreign tax 
credit; work incentive (WIN) 
credit; political contributions 
credit; credit for the purchase of 
new principal residence; child 
care credit; general tax credit; 
and, to the extent that it did not 
result in a negative amount, i.e., 
a refund, the earned income credit. 
The portion of the earned income 
credit which did not result in a 
negative amount was tabulated as 



"earned income credit used to 
offset income tax before credits." 
See also "Total Income Tax" and 
"Total Tax Liability." 

Income Tax Before Credits 

Generally, this was the tax 
liability computed on current year 
"taxable income" based on: 

(1) the regular tax, including 
tax from the optional tax tables, 

(2) the alternative tax (from 
Schedule D) , 

(3) the income averaging tax 
(from Schedule G), 

(4) the maximum tax (from 
Form 4726). 

To income tax before credits, 
as computed under one of the four 
methods listed above, certain 
taxpayers had to add one or more 
of the following: 

(1) the "special averaging 
tax," computed by a taxpayer who 
received a lump-sum distribution 
from a qualified retirement plan; 

(2) the "multiple recipient 
special averaging tax," computed 
by a taxpayer who received a share 
of a single lump-sum distribution 
from a qualified retirement plan; 

(3) the tax on accumulation 
distributions of trusts, computed 
by a taxpayer who received a 
distribution in the current year 
which was based on income accumu- 
lated by a trust in prior years; 

(4) the tax from recapture of 
prior-year credit for purchase of 
new principal residence, computed 
by a taxpayer who had claimed the 
"new house credit" for 1975, but 
then sold the new house within a 
36-month period and failed to 
replace it with another qualifying 
new house within an 18-month 
period. 

Since it was possible for a 
taxpayer to have one or more of 
these four special taxes, even 
though he or she had no taxable 
income for the year, the number of 
returns with income tax before 
credits in this report is greater 
than the number of returns with 
taxable income. 

Income Tax Withheld 

Tax withheld represented 
amounts deducted from salaries, 
wages, tips, and other forms of 
remuneration. An employer could 
use either the "percentage" or 
"wage bracket" method, both of 
which were based on graduated 
withholding rates ranging from 14 
to 36 percent, or any of the 
alternative methods permitted by 
the Internal Revenue Service in 
determining the amount to be 
withheld. 

In addition to income tax 
withheld reported on Form W-2, 
income tax withheld from pensions 
and annuities reported on Form 



W-2P, Statement for Recipients of 
Annuities, Pensions, or Retired 
Pay, was also included in this 
amount. 



Indivi 



Retirement Account 



Adjustment 

For taxable years beginning 
after December 31, 1974, an 
employee who was not covered by a 
qualified private or governmental 
retirement plan was able to set up 
an individual retirement accouni 
(IRA) (a) at a bank or other 
qualified financial institution 

(b) by investing directly in 
individual annuity contracts 
issued by an insurance company, 

(c) by investing in special 
retirement bonds issued by the 
Federal Government. Contri- 
butions to such a plan, which were 
limited to the lesser of $1,500 or 
15 percent of the individual's 
"earned income" (wages, salaries, 
and net earnings from self- 
employment), could be deducted 
from the employee's gross income 
in arriving at adjusted gross 
income. A taxpayer could start 
withdrawing funds from this 
account after reaching age 
59-1/2, and had to start doing so 
after reaching age 70—1/2. 
Withdrawals prior to reaching age 
59—1/2 were subject to a penalty 
tax equal to 10 percent of the 
premature distribution. Contri- 
butions to the retirement acount 
in excess of the legal limitation 
for the year (15 percent of earned 
income; $1,500 maximum) were 
subject to an excise tax equal to 
6 percent of the excess contribu- 
tion. These taxes are reflected 
in "total tax liability". 

Interest Paid 



Interest paid on personal 
debts, mortgages, bank loans, and 
installment purchases of real or 
personal property was deductible, 
but interest paid on money 
borrowed to buy tax-exempt 
securities or single premium life 
insurance and endowment contracts 
was not. The amounts deductible 
as interest expense included 
"investment interest" (that amount 
paid or accrued on indebtedness 
incurred, or continued, to 
purchase or carry property held 
for investment), subject to the 
limitations prescribed in the 
law. Interest relating to 
business, royalty, and rental 
income was deducted directly from 
these items and was therefore not 
reflected in the interest paid 
statistics. For installment 
purchases, interest paid included 
amounts stated in the contract, 
certain unstated amounts of 
interest as provided in Code 
section 483, and finance charges. 



Interest received was the 
able portion of interest 
eived from bonds, debentures, 
es, mortgages, personal loans, 
k deposits, and savings 
cunts. Also included were 
called dividends on deposits or 
hdrawable accounts in mutual 
ings banks, cooperative banks, 
rings and loan associations, and 
unions. Excluded was the 
St on a State or local 
rernment obligation. Such 
erest was tax-exempt and 
re fore did not have to be 
orted on the tax return. 

■estment Credit 



Individual Returns/ 1976 . Classifications and Terms 



201 



erest 



ived 



This tax credit was based on a 
-centage of the "qualified 
restment" in certain new and 

d depreciable assets, chiefly 
;hinery and equipment with a 

ful life of 3 years or more. 
; applicable percentage for most 
jperty acquired and placed into 
rvice or constructed during the 
riod January 22, 1975, through 
:ember 31, 1976, was 10 percent 

"qualified investment" as 
jvided for by the Tax Reduction 
t of 1975. Before January 22, 
75, the credit was, in general, 
percent. The cost of the pro- 
rty determined the taxpayer's 
edit base, "qualified invest- 
tit," an amount that took into 
count the length of the 
operty's intended life and 
ether the property was new or 
ed. 

There were also limitations on 
e credit itself, for the most 
rt dependent on the presence or 
ze of income tax (excluding 
■ecial taxes), reduced by the 
ireign tax credit and the credit 
>r the elderly before the 
ivestment credit could be 
iplied. Amounts in excess of 
lese limitations could be carried 
ick 3 years and the remainder 
irried forward, in general, to 
le succeeding 7 years, for use in 
mputing the credit for these 
;ars. Special rules applied in 
le case of the carryforward of 
red it computed under laws in 
Efect prior to 1971. 

stment Interest 



This was an amount computed 
or the statistics on high-income 
eturns as required under the Tax 
eform Act of 1976. It was equal 
o total interest deducted (other 
han home mortgage interest), 
imited to investment income 
interest received, dividends, 
nd capital gains, to the extent 
ncluded in total income). Thus, 
nvestment interest as computed 
id not equal the investment 



reported on Form 4952, 
Interest Expense 
Deduction, which was defined 
differently. 

In computing investment 
interest, different amounts of 
investment income were included 
under the different income 
concepts used in this report. 
Therefore, investment interest had 
to be limited as follows: 

(1) When the income concept 
tabulated was "adjusted gross 
income less investment interest," 
the upper limit was computed by 
adding: 

(a) interest received, 

(b) dividends after the 
exclusion of up to $100 per tax- 
payer, 

(c) all net short-term 
capital gains (in the case of 
taxpayers with short-term gains 
and long-term losses, the excess 
of short-term gains over long-term 
losses), and 

(d) one-half of net 
long-term capital gains (in the 
case of taxpayers with long-term 
gains and short-term losses, 
one-half of net long-term capital 
gains in excess of any net short- 
term capital losses), and by sub- 
tracting all the net short-term 
capital losses and one-half of the 
net long-term capital losses, 
limited to $1,000 per tax return. 

(2) When data on "expanded 
income" or "adjusted gross income 
plus tax preferences" were 
tabulated, the upper limit was 
computed by adding: 

(a) interest received, 

(b) dividends before 
exclusion of up to $100 per 
taxpayer, 

(c) all net short-term 
capital gains, and 

(d) all excess net 
long-term capital gains, and then 
subtracting all the net short-term 
capital losses and one-half of the 
net long-term capital losses, 
limited to $1,000 per tax return. 



Itemiz ed Deductions 

Itemized deductions from 
adjusted gross income could be 
claimed for contributions, 
interest paid, taxes, medical 
expenses, casualty or theft loss, 
alimony payments, union dues, and 
other expenditures for which no 
specific line or schedule was 
provided on the return. Such 
"other" expenditures included 
educational expenses and certain 
expenses connected with the 
taxpayer's employment. See also 
the explanation of the classifica- 
tion, "Returns with Standard 
Deduction or with Itemized 
Deductions ." 



Joint Returns of Husbands and Wives 

These were either returns on 
which married taxpayers reported 
their combined income or returns 
of married taxpayers where only 
one spouse had income, but exemp- 
tions of both were claimed. 

Low- income Allowance 

The low-income allowance was 
the minimum standard deduction, 
designed to aid low-income 
taxpayers. The Tax Reform Act of 
1976 increased the amount of the 
low-income allowance for all 
taxpayers. Thus, for 1976, the 
low-income allowance was $1,700 
for unmarried persons (including 
heads of households with dependent 
children), $2,100 for married 
persons filing joint returns and 
surviving spouses, and $1,050 for 
married persons filing separate 
returns. Previously, the low- 
income allowance was $1,600 for 
unmarried persons (including heads 
of households with dependent 
children), $1,900 for married 
persons filing joint returns 



mg spouses 



and $950 for 



married persons filing separate 
returns. 

The primary effect of the 
increase in the low-income 
allowance for 1976 was to exempt 
certain individuals with rela- 
tively little income from having 
to file a Federal income tax 



Lump-sum Distributions Not 
Included in Adjusted Gross Income 

Special tax treatment was 
accorded lump-sum distributions 
made in taxable years beginning 
after December 31, 1973. These 
lump-sum distributions were 
payments made in one tax year to 
an individual (either an employee 
or the employee's beneficiary) 
from qualified employee pension, 
annuity, profit-sharing, or stock 
bonus plans representing an 
employee's entire interest in the 
plan. The payments must have been 
made: (1) as a result of the 
employee's death, (2) after the 
employee reached age 59-1/2, (3) 
as a result of the employee's (not 
including self-employed indivi- 
duals or owner-employees) separa- 
tion from employment, or (4) 
after a self-employed individual 
or an owner-employee became 
disabled. 

The entire lump-sum 
distribution was not necessarily 
subject to taxation. The taxable 
portion was determined by sub- 
tracting from the total (1) any 
amount contributed to the plan by 
the employee (less any previous 
distributions received that were 
not includable in the employee's 



202 



Individual Returns/ 1976 • Classifications and Terms 



gross income) and (2) net unreal- 
ized appreciation of employer 
securities. (When sold, the 
employee paid the tax on the 
unrealized appreciation of 
employer securities contributed 
to the plan by the employer.) 
Thus, the total taxable amount of 
the distribution consisted of 
employer contributions and any 
income earned on the account. An 
allocation of this taxable portion 
was then made between long-term 
capital gain and ordinary income 
based on the number of the 
employee's years of service before 

1974 and after 1973. In general, 
the portion of the distribution 
attributable to active participa- 
tion in a plan before 1974 
qualified as long-term capital 
gain, while the portion 
attributable to active 
participation after 1973 was 
ordinary income. 

The Tax Reform Act of 1976 
provided that the recipient of a 
lump-sum distribution paid after 

1975 which included capital gains 
could elect to treat the entire 
taxable portion as ordinary income 
(thereby avoiding the additional 
tax on tax preferences, or 
"minimum tax," on long-term 
capital gains). The ordinary 
income portion could in turn be 
taxed one of two ways: it could 
be included in adjusted gross 
income and taxed in the same 
manner as other income; or it 
could be excluded from adjusted 
gross income and taxed separately 
under an elective special 10-year 
averaging method. See "Special 
Income Averaging Methods" and the 
text in section 3, Tax Computation 
and Tax Rates, for a full discus- 
sion of this special tax computa- 
tion. 

Marginal Tax Rates 

The marginal tax rate was the 
highest rate used by a taxpayer in 
computing tax under a specified 
tax computation method. For 
example, if a joint return showed 
taxable income of $23,000, the tax 
rate schedule (reproduced in the 
income tax return facsimile at the 
end of this report) indicated tax 
as $4,380 on the first $20,000 
plus 32 percent of the excess. 
The marginal rate in this case is 
32 percent, and the income taxed 
at the marginal rate is $3,000 
($23,000 minus $20,000). 

The example assumes Chat the 
tax was determined solely on 
taxable income under the regular 
computation method. If a taxpayer 
had income subject to tax at both 
the regular rates and the special 
capital gains rates, a marginal 
rate was determined for each 
portion of income subject to tax. 
The marginal rate for income 



averaging returns was determined 
for the statistics by applying the 
rates from the regular rate 
schedule to a reduced amount of 
taxable income (described under 
"Income Subject to Tax"). 

See also "Income Subject to 
Tax," as well as the text and 
examples in section 3, Tax 
Computation and Tax Rates. 



Maximum and Alt 



ative Tax 



Computation 



See "Maximum Tax on Earned 
Income. " 

Maximum and Regular Tax Computation 

See "Maximum Tax on Earned 
Income. " 

Maximum Tax on Earned Income 

Income tax before credits was 
usually computed by applying to 
taxable income graduated tax rates 
ranging from 14 to 70 percent. 
However, taxpayers with large 
amounts of "earned income" could 
elect to limit the top tax rate on 
such income to a maximum of 50 
percent. This was done by split- 
ting taxable income into "earned 
taxable income" and "other taxable 
income." To earned taxable income 
the regular rates starting with 14 
percent were applied, but to 
amounts which would have been 
subject to rates higher than 50 
percent, the maximum tax rate of 
50 percent was applied instead. 
Other taxable income was taxed at 
regular rates higher than 50 
percent, except for any portion 
subject to capital gains rates 
under the alternative tax 
computation. 

"Earned income" was gross 
income from salaries, wages, 
professional fees, and compensa- 
tion for personal services. If 
the taxpayer engaged in a trade or 
business where both services and 
capital were material income- 
producing factors, up to 30 
percent of net profit was con- 
sidered earned income. Net 
proceeds from the sales of 
property created by the taxpayer 
were also considered earned 
income. "Earned net income" was 
earned income as here defined less 
allocable deductions and expenses. 
Earned net income was used to 
determine "earned taxable income." 
Taxable income was multiplied by 
the ratio of earned net income to 
adjusted gross income. The result 
(limited to the amount of taxable 
income) was subject to two further 
reductions. 

The first reduction was the 
"tax preference offset," which was 
the greater of "tax preferences 
after exclusion" (used in the 
computation of "minimum tax") for 



1976 or the average of this amountjai 
for 1972-76. The second reduction 
applied to those taxpayers who had 
capital gains and were eligible 
for the special tax treatment 
afforded by the alternative tax 
computation method. Since the 
capital gains had already received 
special tax treatment under the 
alternative tax method, the amount 
of income subject to maximum tax 
treatment (i.e., earned taxable 
income) had to be limited to 
taxable income less one-half of 
the net long-term capital gain in 
excess of net short-term capital 
loss. This is tabulated in the 
statistics as the "capital gains 
offset." Earned taxable income, 
then, was the result of applying 
an earnings ratio to taxable 
income and then subtracting from 
that result those items which had 
already received special tax 
treatment, namely tax preferences 
after exclusion and one-half of 
the amount by which net long-term 
capital gains exceeded net short- 
term capital losses. 

The part of taxable income 
which was not earned taxable 
income was "other taxable income." 
Other taxable income, in turn, 
consisted of the tax preference 
offset, the capital gains offset, 
as well as "unearned taxable 
income," a residual amount. 

Income tax before credits on 
returns with the maximum tax on 
earned income was the sum of the 
tax on earned taxable income, 
computed as described in the first 
paragraph, plus the tax on "other 
taxable income," defined above. 
Except for taxpayers using the 
capital gains rates of the 
alternative tax computation, the 
tax on "other taxable income" was 
the regular tax on taxable income 
less the regular tax on earned 
taxable income. For taxpayers 
electing the alternative tax 
computation, the tax on "other 
taxable income" was the alterna- 
tive tax on capital gains plus the 
regular tax on taxable income less 
the regular tax on the sum of 
earned taxable income and taxable 
income from long-term capital 
gains. 

The maximum tax computation 
was not available to married 
persons filing separate returns or 
to taxpayers electing income 
averaging. See also "Alternative 
Computation of Tax" and the text 
in section 3, Tax Computation and 
Tax Rates. 

Medical and Dental Expenses 

In general, medical and dental 
expenses could be claimed as 
itemized deductions to the extent 
that they exceeded 3 percent of 
adjusted gross income. Expendi- 
tures considered for this deduc- 



Individual Returns/1976 



Classifications and Terms 



203 



n were the actual amounts paid 
ing the tax year for health 
e of the taxpayer, spouse, 
endents, and any other person 
, except for the fact that he 
she had $750 or more of gross 

or filed a joint return 
h his or her spouse, could be 
imed as a dependent. Amounts 
d for drugs and medicines were 
uded in medical expenses only 
the extent that they exceeded 1 
cent of adjusted gross income. 

nsurance payment, received on 
ount of medical expenses 
urred, reduced the cost which 
Id be considered as medical 
enses actually paid by the 
payer. However, one-half of 

It of medical insurance up 
$150 was fully deductible as a 
ical expense without regard to 
3 percent limitation, while 
remaining one-half of the cost 
s any excess over $150 was 

c to the 3 percent limitatioi 



cell 



Itemized Deductions 



Included in the statistics 
e all specified nonbusiness 
actions from adjusted gross 
ome for which separate cate- 
ies were not provided on the 
urn form plus personal casualty 

theft losses. 

On the return form, 
cellaneous deductions included 
enses incurred in the collection 
income; or for the management, 
servation, or maintenance of 
perty held for the production 
income subject to tax; gambling 
ses not in excess of winnings 
orted in income; amortization 
bond premium; expenses con- 
ted with taxpayer's employment, 
•r example, dues to professional 
ieties, cost of tools and 
iplies for the job, and fees to 
iloyment agencies); fees paid 
■ the preparation of a tax 
;um; allowable expenses of an 
)loyee in connection with the 

loyer's business; and up 



)0 ($200 for 



joint re 



:urn) of 



tributions to candidates for 
lie office. 

Casualty and theft losses, 
le shown as a separate category 
the return form, were classified 
"total miscellaneous deductions" 

the statistics. See "Casualty 
d Theft Losses." 



Ope 



Loss Credit 



See "Additional Tax for Tax 
eferences" in section 3, Tax 
imputation and Tax Rates. 

aerating T.ns s Eligible for 



i See "Additional Tax for Tax 
lieferences" in section 3, Tax 
imputation and Tax Rates. 



One-half Excess Long-term Gain 

See "Alternative Computation 
of Tax." 

Other Income (Net) 

Included here were such items 
as prizes, awards, sweepstakes 
winnings, gambling profits, 
recovery of bad debts, insurance 
received as reimbursement for 
medical expenses taken in a 
previous year, and any other 
income subject to tax for which 
there was no specific line 
provided on the return form. 
Taxpayers were required to apply 
any deduction for business net 
operating losses against "other 



Other Tax Credi 



"Other tax credits included, 
in general, only those statutory 
tax credits which were used to 
offset total income tax and could 
not be identified as credit for 
the elderly, child care, invest- 
ment, work incentive (WIN), 
foreign tax, or contributions to 
candidates credits. In previous 
years, the "throwback tax credit" 
was also included; for 1976, it 
was treated as part of "Other 
Taxpayments." (See also "Other 
Taxpayments. ") 

Other Taxpayments 

"Other taxpayments" included 
the credit from a regulated 
investment company for tax it paid 
on undistributed capital gain 
dividends, the "throwback tax 
credit" allowed trust bene- 
ficiaries for certain taxes 
previously paid by the trust, and 
any other unidentified amounts 
that could not be allocated to 
"excess social security taxes 
withheld," or "credit for tax on 
gasoline, fuel, and oil." "Other 
tax credits," to the extent that 
they were in excess of total tax 
and were refundable, were also 
tabulated as "other taxpayments." 

Other Taxable Income 



See "Maximum Tax on Earned 
Income. " 

Overpayment 

An overpayment of tax occurred 
when the "taxpayments" (defined 
below) exceeded "total tax lia- 
bility" (also defined below). 
Overpayments could be refunded; 
or, at the taxpayer's election, 
taken as a credit on the sub- 
sequent year's estimated tax; or 
taken partly as a refund and 
partly as a credit against 
estimated tax. 



Partnershi 



Profit or Net Loss 



Partnership net profit or loss 
was reported by persons who were 
members of a partnership, syndi- 
cate, joint venture, or unincorpor- 
ated association. The taxpayer's 
profit or loss shown was the share 
only of the ordinary income or 
loss of the enterprise together 
with payment made to the taxpayer 
for the use of capital or as a 
salary. Beginning with 1976, the 
"at risk" limitation was introduced 
on partner's deductible losses 
that were attributable to certain 
partnership "tax shelter" 
activities to which a partner 
contributed cash or property. In 
general, losses were allowed only 
to the extent of the aggregate 
amount the partner had "at risk" 
in the activity at the close of 
the year. (The amount "at risk" 
was the partner's cash or property 
investment or amounts borrowed for 
which the partner was personally 
liable or which was secured by 
property other than the amount the 
partner had invested.) The amount 
"at risk" was reduced by the 
losses deducted; however, a loss 
■n excess of the "at risk" amount 
could be carried over for possible 
use in the following year. Also 
beginning with 1976, the statistics 
reflect the more limited deduction 
for the additional first-year 
depreciation. If the individual 
was a member of more than one 
partnership, the single amount of 
partnership profit or loss 
reported in adjusted gross income, 
whether actually received or not. 
was the net result of all shares. 
Partnership net profit or net 
loss, as shown in this report, 
did not include dividends quali- 
fying for the exclusion, net 
short- and long-term capital 
gain or loss, interest on tax- 
free covenant bonds, and shares of 
specially allocated income or 
loss, even when these amounts were 
received through a partnership. 
Such income was included on the 
tax return on the separate lines 
provided for these income types. 
Deductions for which there were 
separate lines on the return were 
similarly excluded from partner- 
ship net profit or net loss. 

Additional information for 
partnerships can be found in 
Statistics of Income — Business 
Income Tax Returns. 



Payment with Requ 



for Extensi 



of Filing Time 

This payment was made when the 
taxpayer filed Form 4868, Applica- 
tion for Automatic Extension of 
Time to File U.S. Individual Tax 
Return, and gained a 2-month 
extension of time to file the Form 
1040. The application operated to 



204 



Individual Retums/1976 . Classifications and Terms 



extend the time to file. It did 
not extend the time for payment of 
expected tax since full payment of 
any tax due had to be made with 
the application for extension. 
When the taxpayer filed the 
return, he or she entered the 
amount paid with Form 4868 on Form 
1040 to determine any tax still 
due or any amount of overpayment 
of tax. 

Pensions and Annuities 



Generally, pensions represented 
periodic income received after 
retirement and made in considera- 
tion of past services with an 
employer, while annuities were 
income payable at stated intervals 
in consideration of a specific 
premium. A taxpayer could acquire 
a pension or annuity either by 
purchase from a commercial 
organization Cusually life 
insurance, endowment, or annuity 
contracts) or under a plan or 
contract connected with the 
taxpayer's employment. Those 
pensions or annuities obtained in 
connection with employment could 
be purchased entirely by the 
taxpayer or could be financed -n 
part (a contributory plan) or in 
whole (a non-contributory plan) by 
contributions of the employer. 

Since a non-contributory pen- 
sion was one paid for entirely by 
an employer, the air.ount received 
by the employee was fully 
taxable. This fully taxable 
pension was reported on line 32b, 
"Fully taxable pensions and 
annuil'es," of Form 1040 rather 
than on Schedule E, Supplemental 
Income Schedule, which was used to 
report amounts received from a 
contributory pension. 

For the taxpayer who 
participated in a contributory 
retirement plan while employed, 
the amount received was only 
partially taxable. In general, 
the amount excludable from gross 
income, the nontaxable portion, 
represented the taxpayer's 
contributions under the plan, 
while the taxable portion 
represented the employer's 
contribution. (In the case of a 
survivor-beneficiary of a deceased 
employee, a "death benefit 
exclusion" of up to $5,000 could 
be excluded, in addition to the 
deceased employee's contribution.) 
The entire amount of pension 
received for the year was reported 
on the supplemental income schedule 
(Schedule E, Form 1040), with the 
taxable portion shown separately 
and carried forward to line 32a of 
Form 1040, and included under the 
heading "Pensions, annuities, 
rents, royalties, partnerships, 
estates and trusts, etc." When it 
was possible for the retired 
employee or a survivor to recover 



the employee's contributions 
within 3 years by the annuity 
payments received, the payments 
were nontaxable until recovered, 
after which time the pension or 
annuity was fully taxable. This 
was the "three-year rule" computa- 
tion method. If this method was 
inapplicable, the taxpayer's 
yearly receipts were prorated into 
taxable and nontaxable portions 
based on life expectancy at the 
time that the pension or annuity 
started (or "term certain," if the 
annuity was not payable for life). 

Receipts from individually 
purchased annuities were usually 
prorated into taxable and non- 
taxable portions, since the tax- 
payer could expect to receive more 
than the cost, but not within 3 
years . 

In certain circumstances, an 
employee (or the employee's 
beneficiary) could receive a 
lump-sura payment from a pension 
or annuity plan. Determination 
of any taxable portion of the 
lump-sum payment and its tax 
treatment are discussed in this 
section under "Lump-Sum Distribu- 
tions Not Included in Adjusted 
Gross Income" and "Special Income 
Averaging Methods." 

See also the text in section 
1, Returns Filed and Sources of 
Income for an explanation of the 
limitation of the data on 
"nontaxable pensions and 
annuities. " 

Percentage Standard Deduction 
See "Standard Deduction." 

Personal Exemption Credit 

See "General Tax Credit." 

Political Contributions 

An individual taxpayer was 
allowed to elect either a credit 
or an itemized deduction for 
political contributions paid 
during the tax year. This 
political contribution could be 
to a candidate or candidates for 
election to a Federal, State, or 
local office, in a primary, gen- 
eral, or special election, or it 
could be to a political campaign 
committee. The credit against 
income tax was permitted for 50 
percent of the political contribu- 
tions made, up to $50 on a joint 
return or $25 on a return of a 
married person filing separately 
or on the return of a single 
person. In lieu of the credit, an 
individual could deduct from 
adjusted gross income political 
contributions made, up to $200 on 
a joint return or $100 on a return 
of a married person filing sepa- 
rately or on the return of a 
single person. 



Availability of the credit 
allowed taxpayers claiming the 
standard deduction to reduce the ■ 
tax liability by al 1 or a part o 
their political contributions. 
Taxpayers who itemized their 
deductions, however, found that 
the deduction was more advanta- 
geous if their marginal tax rate 
exceeded 25 percent. (See "Mar- 
ginal Tax Rates," discussed in 
this section. ) 

Premature Distributions from an 



il Retirement Account (I!,) 



See sectio 
and Tax Rates. 



3, Tax Computati 



Premature Distributions from a 
Self-employed Retirement Plan 



See section 3, Tax Computat 
and Tax Rates. 



Election Campaign 



Fund Checkoff 

Taxpayers could elect to 
designate $1 ($2 on a joint 
return, if both the taxpayer and 
spouse so elected) of their 1976 
tax liability to be applied to t) 
Presidential Election Campaign 
Fund. This designation could be 
made by checking the appropriate 
box on line 8 of Form 1040 or 
Short Form 1040A. The election 
did not affect the size of the 
taxpayer's tax liability for the 
year. 

Purchase of New Residence Credit 

As a stimulus to new housing, 
the Tax Reduction Act of 1975 
allowed a credit against tax for 
portion of the "purchase price" 
paid by a taxpayer for a new 
principal residence. This credit 
applied to housing constructed or 
under construction before March 
26, 1975. The amount of the 
credit was equal to 5 percent of 
the purchase price, limited to 
$2,000 for all returns except 
those of married persons filing 
separately; for the latter, the 
limit was $1,000. The credit 
could be further limited, since 
it could not exceed the tax for 
the year reduced by the general 
tax credit, foreign tax credit, 
credit for the elderly, investmen 
credit, work incentive (WIN) 
credit and political contribution 
credit. 

In order to qualify for the 
credit, the residence purchased 
had to be the principal residence 
of the taxpayer and its original 
use had to commence with the 
taxpayer. In addition to the 
date -of -con struct ion requirement , 
the property had to have been 
acquired and occupied by the 
taxpayer after March 12, 1975, 



Individual Returns/1976 



Classifications and Terms 



205 



before January 1, 1977. The 
rchase price" was the adjusted 
8. Thus, when the new 
dence was a replacement 
idence, the cost of the new 
dence had to be reduced by the 
1 not recognized on the sale of 
previous residence. Finally, 
taxpayer was required to 
ach to his or her return a 
tification by the seller that 

purchase price paid was the 
est price at which the new 
ince was offered for sale 
February 28, 1975. 

und 

A refund of tax included all 
rpayments not applied by the 
payer as a credit to the next 

s estimated tax. See 
erpayment." 

liar Tax Computation 

Typically, the taxpayer, in 
ermining "income tax before 
dits," first computed taxable 
3me. Depending on marital 
us, the taxpayer then applied 
s from one of four tax rate 
dules to compute the tax. In 
5 instances the taxpayer used 
uivalent tax table or 
ted the Internal Revenue 
vice to compute the tax. 

! of such taxpayers are also 
ssified under the regular tax 
putation method. 

t Net Income or Loss 



Rent net income or loss 
stituted a part of adjusted 
ss income and was determined by 
JCting from gross rents amounts 

depreciation, repairs, mainten- 
!, interest, taxes, commissions, 
ertising, fuel, insurance, 
itor services, and any other 
owable expenses related to the 
ted property. 

alty Net Income or Loss 

Net royalties consisted of 
as royalties less deductions 

depletion, depreciation, 
ice rent, legal fees, clerical 
p, interest, taxes, and similar 
ms. Gross royalties included 
enues from oil, gas, and other 
eral rights: and revenue from 
isents; copyrights on literary 
ks; trademarks; formulae; and 
on. Certain royalties received 
er a lease agreement on timber, 
1, and domestic iron ore were 
gible for capital gains or 
inary loss treatment under Code 
tion 1231, and as a result of 

separate computation required 
that section are reflected in 

statistics for "sales of 
I'ital assets" and "sales of 
Iperty other than capital 
ets." 



Salaries and Wages (Gross) 

Salaries and wages as reported 
on the tax return were amounts of 
compensation for personal services 
prior to statutory adjustments 
which reduced the gross amount by 
the sick pay exclusion and certain 
expenses connected with employment. 
Also included were commissions; 
bonuses; tips; fees; excess 
reimbursement over employee 
business expenses; and the value 
of nonmonetary payments for 
services, e.g., merchandise, 
ace onmodat ions, or property. 
Identifiable amounts for any of 
these categories which may have 
been reported by taxpayers •' n 
"other sources" of income were 
treated as salaries and wages for 
the statistics. Excluded were 
portions of salaries and wages 
earned abroad which were tax- 
exempt under special provisions of 
the law. 

Sales of Capital Assets 

In general, capital assets for 
tax purposes meant property 
regarded or treated as an 
investment, such as stocks, 
bonds, and nonbusiness real estate 
including a personal residence. 
Thus, property held for sa'e 
during the ordinary course of 
business operations and depreciable 
and real property held in connec- 
tion with a business were among 
the property types not covered by 
the tax definition of capital 
assets. 

If capital assets were held 
for more than 6 months prior to 
their sale, only half of this 
"long-term" gain was taxable and 
in many instances, at a rate lower 
than otherwise (see "Alternative 
Computation of Tax"). If the sale 
resulted in a loss, regardless of 
how long the asset was held, the 
loss could be completely offset 
against capital gains and to a 
limited extent, against ordinary 
income. However, capital losses 
from sales of property held for 
personal use were not deductible. 

In addition, net gains from 
dispositions of some of the 
property types excluded from the 
tax definition of capital gains 
could receive long-term capital 
gains treatment under special 
conditions set forth in the Code, 
while net gains from some of the 
property types included under the 
definition could be denied capital 
gains treatment under other Code 
sections. The latter are referred 
to unde"- the heading "Sales of 
Property Other Than Capital 
Assets, Net Gain or Loss." 

Property used in trade or 
business, excluded from the tax 
definition of capital assets, 
received special treatment under 
Code section 1231. Examples of 



such property were depreciable and 
real assets, most types of live- 
stock if held for breeding pur- 
poses, the value of unharvested 
crops sold with the land they grew 
on, as well as certain mineral 
rights. Gains and losses from 
sales or other dispositions under 
section 1231 had to be aggregated 
first. If the overall result was 
a net gain, it was included in the 
computation of net long-term 
capital gain or loss. If the 
overall result was a net loss, it 
was included in the computation of 
net gain or loss from sales of 
property other than capital 
assets. Thus, a net gain under 
section 1231 could receive the 
more beneficial treatment of a 
long-term capital gain taxable 
under the alternative computation 
of tax, while a net loss under 
section 1231 received the more 
beneficial treatment as an ordin- 
ary loss which could be fully 
offset against ordinary income as 
well as aga'nst capital gains. 
Included in the computation under 
section 1231 was the result of an 
additional special computation to 
determine net gain or loss from 
certain "involuntary conversions" 
(principally from casualty or 
theft) of business assets and also 
of capital assets. 

The amount of gain eligible 
for capital gains treatment under 
section 1231 was reduced in the 
case of certain depreciable and 
rea' property by sections 12A5, 
1250, 1251, 1252, and 1254 and, 
in the case of certain mining 
property, by section 617. Code 
sections 1245 and 1250 limited the 
eligible gain in the case of 
certain depreciable and real 
property based on adjustments for 
any accelerated depreciation 
claimed since 1962, 1964, or 1975, 
the date depending on the category 
of property involved. To the 
extent of such depreciation, the 
gain was ordinary income. Code 
sections 1251 and 1252 further 
limited the eligible ga^n 
generally on these same property 
types if they were used in the 
business of farming, while Code 
section 1254 treated the gain from 
dispositions of oil or gas 
property, for the most part, as 
ordinary income. Code section 617 
limited eligible gain on depletable 
mining property, after taking 
account of certain exploration and 
development expenditures as gain 
from ordinary income, to the 
extent of these expenditures. 
None of these Code provisions had 
any effect on the treatment under 
section 1231 of losses resulting 
from the disposition of such 
property. 

The individual in reporting 
his or her gains and losses from 
property used in trade or business 
and from involuntary conversions 



206 



Individual Returns/1976 . Classifications and Terms 



also included distributive shares 
received as a partner in a 
partnership. 

Net short-term gain or 
loss — Gains and losses from sales 
or exchanges of capital assets 
held for 6 months or less were 
considered to be short-term. To 
obtain the net short-term gain or 
loss, gains and losses from 
current-year transactions were 
combined with any short-term 
capital loss carryover and any net 
short-term gain or loss received 
from partnerships or fiduciaries. 

Net long-term gain or 
loss — Gains and losses from sales 
or exchanges of capital assets (or 
property treated as capital assets) 
held more than 6 months were 
considered to be long-term, and 
therefore, eligible for special 
beneficial tax treatment (see "Net 
gain" below and "Alternative 
Computation of Tax"). To obtain 
the net long-term gain or loss, 
gains and losses from current-year 
transactions were combined with: 

(1) any net long-term gain or 
loss received from partnerships or 
fiduciaries, 

(2) any capital gain distribu- 
tions of regulated investment 
companies (mutual funds) and real 
estate investment trusts, 

(3) net long-term gains 
included 'n the profits of Small 
Business Corporations electing to 
be taxed through shareholders 
(reduced by the special tax 
computed at Che company level), 
and 

(4) any long-term capital 
loss carryover from recent years 
prior to 1976. 

Short-term capital loss 
carryover -- Th i s carryover 
represented that portion of any 
net short-term capital loss 
incurred, but not deducted, in a 
previous taxable year. Also, the 
loss carryover could offset dollar 
for dollar all current-year short- 
term capital gains and up to 
$1,000 of any other income. 

Long-term capital loss 
carryover --This carryover was the 
unused portion of net long-term 
loss which exceeded the loss 
year's net short-term capital gain 
or the $1,000 maximum deduction 
for net capital loss. If both a 
net short-term loss and net 
long-term loss were incurred, the 
net short-term loss was offset 
first. 

Net capital gain — In computing 
the ga-n in adjusted gross income, 
the net short-term gain or loss 
was combined with the net long- 
term gain or loss. The amount of 
net capital gain in adjusted gross 
income conformed to one of several 
conditions, namely, (a) on returns 
with a net long-term gain, the 
amount included in adjusted gross 
income was 50 percent of the 



excess net long-terra gain over net 
short-term loss; (b) on returns 
with only a net long-term gain, 50 
percent of the net gain, (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) on 
other returns, the entire excess 
net short-term gain over net 
long-term loss. 

Net capital gain included 
capital gain distributions 
received by taxpayers which would 
normally have been entered in 
Schedule D, Capital Gains and 
Losses. However, if taxpayers did 
not need Schedule D to report any 
other gains or losses or to 
compute the alternative tax, they 
did not file that schedule but 
entered 50 percent of the capital 
gain distributions directly onto 
Form 1040, on line 30B. The 
statistics include a separate 
tabulation of the capital gain 
distributions not reported on 
Schedule D. 

Net capital loss — In computing 
net loss in adjusted gross income 
the net short-term gain or loss 
was merged with the net long-term 
gain or loss, and the excess loss 
was allowed to the extent of the 
smallest of (1) the short-term 
loss in excess of any long-term 
gain plus one-half of the long- 
term loss -n excess of any 
short-term gain, (2) taxable 
income computed without regard to 
the capital loss or personal 
exemptions, or (3) $1,000 ($500 
for married taxpayers filing 
separately) . 

Additional information on 
sales of capital assets is 
available periodically from the 



Suppleme 


ntal R 


?port, St 


atisti 


cs of 


Income — 


Sales 


3f Capita 


Asse 


ts 


Reported 


on In 


iividual 


Income 


Tax 


Returns. 
Sales of 


Prope 


rty Other 


Than 




Caoital 


Assets 


Net Gai 


n or Loss 



In general, property other 
than capital assets related to 
property of a business nature in 
contrast to personal investments 
which were capital assets. 
Specifically included were sales 
of (I) certain depreciable, 
depletable, and real business 
property (see below); (2) 
accounts and notes receivable 
acquired in the ordinary course of 
business for services rendered or 
from sale of property includable 
in inventory or ordinarily held 
for sale; and (3) certain copy- 
rights, literary, musical, or 
artistic compositions or similar 
properties. Also included were 
(4) any share of gain or loss 



received through partnerships 
and fiduciaries (in contrast to 
capital gain or loss, gain or loss 
from these transactions was 
included in its entirety in 
computing adjusted gross income); 
(5) losses on sales of small 
business investment company stock 
(considered as ordinary losses 
rather than capital losses; gains 
were treated as capital gains, 
however); (6) losses on small 
business stock if the owners were 
the original holders (however, 
such losses were limited to 
$50,000, or $25,000 for married 
persons filing separate returns; 
gains were treated as capital 
gains); and (7) amounts resulting 
from certain "involuntary conver- 
sions" including net losses from 
casualty and theft (see also 
"Sales of Capital Assets" above). 

As explained under the defini- 
tion of "Sales of Capita' Assets," 
a net gain from dispositions of 
(or certain transactions involving! 
specified types of business 
property that were excluded from 
the tax definition of capital 
assets could receive capital gains 
treatment under section 1231. 
Gains and losses from these 
dispositions or transactions first 
had to be aggregated. If the 
overall result was a net gain, it 
was included in the computation of 
net long-term capital gain. If 
the overall result was a net loss, 
it was included in the computation 
of net gain or loss from sales of 
property other than capital 
assets. The gains and losses 
resulting from involuntary 
conversions were especially 
treated in this computation. 

The amount of gains (though 
not losses) on dispositions of 
property includable in the 
computation of net gain or loss 
under section 1231 was limited as 
a result of code sections 1245, 
1250, 1251, 1252, 1254. and 617. 
To the extent that the amount 
eligible for capital gains treat- 
ment was thereby reduced, the 
amount included in the statistics 
for net gain or loss of sales of 
property other than capital assets 
was increased. 

Self-Employment Tax 

This tax, levied under the 
social security system, was 
reported by each individual who 
had self -employment earnings of at 
least $400 derived from a sole 
proprietorship or from any share 
of partnership p'ofits. Citizens 
employed by foreign governments or 
international organizations were 
subject to self-employment tax on 
salaries. Certain types of income 
and deductions such as investment 
income, capital gains and losses, 
deductions for net operating 



es, and casualty and theft 
es were not allowed In com- 

lelf-employnient earnings. 
The maximum amount subject to 

employment tax for 1976 was 
300, -educed by any wages on 

icial security tax had been 
held by any employer. The 

self -employment tax payable 
$1,208.70, based on the 7.9 

rate in effect for that 
For 1975, the rate was the 

1 though the maximum amount 
arnings subject to the tax was 
100 and the maxi 
13.90. 



Individual Re turns/ 19 7 6 



Classifications and Terms 



207 



tax was 



rate Returns of Husbands and 



Generally, these were returns 
arried persons, each of whom 
return independent of his 
spouse and reported only 
her own income, exemptions, 
tax. Also included were 
ms of married persons where 
one spouse had income, but 
ted to use this classifi- 
on, and also returns with 
unity property income divided 
een husband and wife. 
If the husband (or wife) filed 
parate return, the wife's 
Sand 'si exemption could be 
led on that return, but only 
lie other spouse did not file a 
rn, had no gross income, and 
not the dependent of another 
ayer. 



Pay E 



xclusion 



An employee was allowed to 
ude up to $100 per week from 
ries and wages received under 
mployer-provided wage continua- 
plan for periods of absence 
to injury or sickness subject 
imitations prescribed by law. 
also the text in Section 1, 
rns Filed and Sources of 
me, for an explanation of the 
tations of the data on the 
k pay exclusion." 

;le Persons, Returns of 



These were returns of (at 
trried persons who did not 
ify as head of household or 
'iving spouse, or (b) certain 
led individuals living apart 
1 their spouses who maintained 
ime, independently of the 
ise, that was the home of the 
vidual's child or stepchild 
more than 6 but less than 12 
'.hs of the year. 



1 Busi 



fit or Loss 



Corporation Net 



Net income of a qualified 
111 Business Corporation 
ifined in section 1371 of the 
ib), whether or not distributed 



was taxed directly through each 
stockholder. Net losses were 
allocated to each stockholder to 
be offset against income from 
other sources. 

Small Business Corporation 
income shown in this report was 
the amount taxable to stockholders 
as ordinary income. Net long-term 
capital gain, reduced by the 
special tax imposed at the corpor- 
ate level, retained its character 
in the hands of the stockholders 
and is included in the statistics 
for net gain or loss from sales of 
capital assets. Undistributed 
income earned in previous years 
was taxable to stockholders in the 
year it was earned and could be 
distributed during the current 
year without any further tax. 

Information on Small Business 
Corporations can be found 'n 
Statistics of Income — Corporation 
Income Tax Returns . 

Social Security Taxes on Tip Income 

This amount is comprised of 
social security tax on unreported 
tip income and uncollected employee 
social security tax on tips. 

Cash tips amounting to $20 or 
more that the taxpayer received in 
a month while working for any one 
employer were subject to with- 
holding of income tax and social 
security tax. Cash tips counted 
toward social security benefits 
and an employee was required to 
report these tips to the employer 
and the employer then withheld the 
social security tax. However, if 
the employer was unable to with- 
hold the amount of social security 
tax, the amount of uncollected 
social security tax on tips was 
indicated on the employee's Form 
W-2, and the taxpayer was required 
to report the uncollected tax and 
pay it with the Form 1040. 

If the employee did not report 
the tips to the employer, the 
employee was required to compute 
the social security tax on unre- 
ported tips on Form 4137 and 
attach it to Form 1040. 



thods 



Special Income Averaging Me 

Employees, self-employed indi- 
viduals, or their beneficiaries, 
who received lump-sum distri- 
butions from qualified pension or 
retirement plans (described under 
separate heading) could elect to 
have this income taxed under a 
special 10-year averaging method 
under provisions of the Employee 
Retirement Income Security Act of 
1974 (ERISA). Generally, the 
income eligible for taxation under 
this method was that part of the 
distribution which represented 
employer contributions to the plan 
after 1973, considered to be 
"ordinary income." Employer 



contributions made before 1974 
could be given long-term capital 
gain or ordinary income treatment, 
while the employee's contributions 
were not taxable at all. 

The taxpayer included the 
capital gain portion of the 
distribution in adjusted gross 
income along with any other 
capital gains. However, if the 
taxpayer elected to use the 
special averaging provisions, then 
the taxpayer excluded the ordinary 
income portion of the distribution 
from adjusted gross income and 
computed a tax on it separately. 
If the election were not made, the 
ordinary income portion was 
treated as "other" income on the 
return, was included in adjusted 
gross income, and was taxed as 
part of the taxpayer's "taxable 
income." 

Generally, the special income 
averaging tax computation involved 
three steps: 

(1) the taxpayer determined 
the taxable portion of 
the distribution by 
allocating the full 
amount of the distri- 
bution between capital 
gain and ordinary income 
and then subtracting 
certain allowances and 
exclusions: 

(2) using the tax rate 
schedule for single 
persons, the taxpayer 
computed a tax on one- 
tenth of the amount in 
step (I) and multiplied 
that result by 10; and 

(3) finally the taxpayer 
multiplied the amount in 
step (2) by the number 
of calendar years of 
service under the plan 
after 1973 and divided 
this by the total number 

of calendar years of service. 

However, those taxpayers who 
had received lump-sum distributions 
in 1974 or 1975, as well as in 
1976, used the combined prior-year 
and current-year taxable portions 
in step (It above, and then sub- 
tracted the tax they had previously 
paid on the prior distribution to 
determine the tax due for 1976. 

This, then, represented the 
tax on the ordinary income portion 
of a ^urap-sum distribution. The 
tax was added to any other tax 
computed on regular "taxable 
income" and thus became a part of 
"income tax before credits." The 
use of the special averaging tax 
on the ordinary income portion of 
a lump-sum distribution did not 
prevent the taxpayer from using 
any other type of tax computation 
method (e.g.. regular income 
averaging) on any other taxable 
income. See also the text in 
section 3, Tax Computation and Tax 
Rates. 



Individual Returns/ 1976 • Classifications and Terms 



Special Tax Computat'ons 

See "Income Tax Before 
Credits." 

Standard Deduction 

A taxpayer was allowed a 
standard deduction in lieu of 
itemizing personal expenses. For 
1976, the standard deduction for 
unmarried persons C including heads 
of households with dependent 
children) was 16 percent of 
adjusted gross income, but never 
more than $2,400 or less than 
$1,700. For married persons, the 
deduction was aga'n 16 percent of 
adjusted gross income; however, 
for those filing separately, the 
limits were set at $1,400 and 
$1,050. For married persons 
filing jointly, as well as certain 
surviving spouses, the limits were 
$2,800 and $2,100. These limits 
for joint and surviving spouse 
returns were $200 higher than 
those :n effect for 1975; for all 
other returns, the limits were 
$100 higher. 

State Income Tax Refunds 

These represented that part of 
a refund of State income tax 
attributable to itemized deduc- 
tions taken in a prior year that 
resulted in a Federal tax benefit. 
Taxpayers were instructed not to 
net the refundable amount against 
the current year's itemized 
deduction for State and local 
income tax. 

Statutory Adjustments 



These were certain 
to gross income allowed 
tions 
gross 



id justments 
as deduc- 
arriving at adjusted 
income. Statutory adjust- 
were comprised of sick pay 
Ion; moving expense 
deduction; employee business 
expense deduction; self-employed 
retirement deduction; forfeited 
interest penalty; and payments to 
an individual retirement account ( 



Surviving Spouses, Ret 



of 



These returns were filed by 
widows or widowers whose spouse 
had died during either of the 2 
preceding years, who had not 
remarried, and who had maintained 
a home which was the principal 
abode of a child or step-child for 
whom the taxpayer was entitled to 
an exemption. 

Surviving spouse taxpayers 
could use the joint return tax 
rates for the 2 taxable years 
following the year of death of 
the spouse; however, the deceased 
spouse could not be claimed as an 
exemption, except for the year of 
death. 



Tax Credits 

Included here were the follow- 
ing credits applied against income 

(1) Credit for the elderly, 
(21 Investment credit, 
(3) Foreign tax credit, 
(41 Contributions to 
candidates credit, 

(51 Work Incentive (WINl 
credit, 

(61 General tax credit, 
(7l New principal residence 
credit, and 

(8) "Other" tax credits. 
In addition, for purposes of this 
report, the amount of earned 
income credit used to offset 
income tax before credits was 
included in this amount. 

Each of the above is described 
under separate heading. 



Tax Due at Time of Fi 



vng 



Tax due was reported on 
returns where the tax withheld, 
the payment with request for 
extension of filing time, and the 
payment on declarations of 
estimated tax, together with other 
reported prepayment credits, were 
insufficient to cover the total of 
income tax after credits, self- 
employment tax, tax from recom- 
puting prior-year investment or 
work incentive (WINl credits, 
additional tax for tax prefer- 
ences, social security tax on tip 
income, taxes from excess contri- 
butions to and premature distri- 
butions from individual retirement 
accounts (IRA' si, and "other 
taxes". Each is described under 
separate heading. 

Tax From Recomputing Prior-Year 
Investment Credit 



The investment credit 
provisions of the law included a 
"recapture rule" which required 
taxpayers to pay back all or a 
portion of any investment credit 
taken on property disposed of 
before the end of the useful life 
claimed in computing the credit. 
The law specified that if property 
qualifying for credit was disposed 
of before the end of its intended 
useful life, the tax for the year 
of disposal was increased by the 
difference between the credit 
originally claimed and the credit 
that would have been allowed based 
on the shorter actual li fe. 

Tax credits could not be 
applied against this additional tax. 



Tax 


on 


Excess 


Contr 


butions 


to 


an 


Ind 


vi 


dual Retireme 


nt Accou 


nt 


IRA1 



15 percent of earned income 
(wages, salaries, tips, 
professional fees, and other 
amounts received for personal 
services including net earnings 
from self-empioymentl or $1,500. 



Taxes Paid Deduction 



Taxes allowed as a deduction 
from adjusted gross income 
included personal property taxes. 
State and local income taxes, 
certain State and local retail 
sales taxes. State gasoline taxes, 
taxes paid to foreign countries or 
U.S. possessions unless a foreign 
tax credit was claimed, and real 
estate taxes except those levied 
for improvements that tended to 
increase the value of the property 
Federal taxes and State and local 
taxes on cigarettes, tobacco, and 
alcoholic beverages were not 
deductible, nor were State and 
local fees for vehicle license 
plates (unless the fees were basedi 
on the value of the vehicle) or 
driver's licenses. 

Taxes paid on business prop- 
erty were deducted separately in 
schedules for business, rent, and 
royalty income, and are therefore 
excluded from the tax deduction 
statistics. 



Taxpayments 

These .payments were, in 
effect, made before the return was 
filed and were applied against tax 
liability to determine the amount 
payable at the time of filing. 
They included the following: 

(11 Income tax withheld, 

(2) Excess social 
security taxes withheld, 

(3) Credit for tax on 
certain gasoline, fuel, and oil, 

(4) Other tax payments, 

(5) Payments on 1976 
declaration of estimated tax, 

(6) Payment with request 
for extension of filing time, and 

(7) For Tax Year 1976, 
the "refundable portion" of the 
earned income credit. (See also 
"Earned Income Credit" in section 
3, Tax Computation and Tax Rates.) 

Taxpayments in excess of total 
tax were refundable. 

Each of the above is describedi 
under separate heading. 



Lth Return 



This was a 6 percent excise 
tax on contributions to an 
individual retirement account 
(IRA) in excess of the lesser of 



See "Balance Due After 
Remi ttance." 



See "Maximum Tax on Earned 
Income. " 



usted Gr 



The Tax Reform Act of 1976 
uired that data be published, 
the extent possible from tax 
urns, on economic income 
mpted from taxation under 
visions of the Internal Revenue 
Its major components were: 
(11 dividend exclusion 

to $100 per taxpayer receiving 
Hfied dividends), 

(2) capital gains exclu- 
(one-half the excess of net 

g-term capital gains over net 
t-term capital losses), 

(3) any other tax 
ferences reported on Form 4625, 
ept that the "itemized deduction 

preference" was not included 
er this income concept. The 
ivation of this concept is 

ssed in greater detail under 
gh-Income Returns, Taxable and 
taxable" in section 1, Returns 
ed and Sources of Income. 

Preferences 



Individual Returns/1976 • Classifications and Terms 



209 



Preferences Excluded fi 



iS Income 



The following income and 
action items, which were given 
ial treatment in the computa- 
of taxable income, were 
sidered tax preferences subject 

idditional tax (the so- 
led "minimum tax"): 

(') Accelerated deprecia- 
n (a) low- income rental 
g: 'b) other real property 
fined in Code section 1250); 

eased personal property 
fined by section 1245). The 
»ss of accelerated depreciation 
the amount computed under the 
aight-line method was considered 
ax preference. 

(2) Amortization of fa) 
fied pollution control 
ities; (b) railroad rolling 

ck; (c) on-the-job training 
lities; (d) child care 
lities. The excess of these 
ial rapid write-offs, over 
otherwise would have been a 
reciation deduction, was 
sidered a tax preference. 

(3) Stock options. Upon 
rcising a stock option, an 
loyee did not actually receive 
ome when the fair market value 
the stock was greater than the 
ion price. This price differ- 
e was, however, treated as a 

preference in the year the 
ion was exercised. 

f4) Bad debt reserves, 
ancial institutions were 
owed deductions toward a 
erve for bad debts under 
scribed rules. When these 
uctions exceeded the amount 
uired by actual experience, 

excess was considered a tax 
ference. 

(5) Depletion. The excess 
depletion over the adjusted 



basis of property (reduced by 
depletion taken in prior years) 
was a tax preference. Thus, when 
the taxpayer had written off the 
investment, a tax preference was 
real ized. 

(6) Capital gains. 
One-half of the excess of net 
long-term gain over net short-term 
loss was excluded from income in 
computing the regula'- income tax. 
The excluded half was treated as a 
preference. 

(7) Intangible drilling 
expenses. Intangible drilling 
expenses incurred by operators of 
oil and gas wells were chargeable, 
at the operator's option, either 
to capital or to current expenses. 
However, beginning with Tax Year 
1976, to the extent that any 
amount deducted as a current 
expense exceeded the amount that 
could have been charged to capital 
and deducted over the applicable 
number of years, it had to be 
reported as a tax preference. 

(8) Itemized deductions tax 
preference. This new tax prefer- 
ence item for 1976 was the excess 
of "adjusted itemized deductions" 
over 60 percent of adjusted gross 
income. "Adjusted itemized 
deductions" was defined as all 
itemized deductions except those 
for medical and dental expenses 
and those for casualty and theft 
losses. (If adjusted itemized 
deductions exceeded 100 percent of 
adjusted gross income, the excess 
over 100 percent was not included 
as a tax preference, since it had 
no tax consequence. ) 

The above items were considered 
tax preferences, whether incurred 
directly, by individual taxpayers, 
or distributed or aUocated to 
them as owners, beneficiaries, or 
shareholders of partnersh-'ps , 
estates and trusts. Small Business 
Corporations electing to be taxed 
through their stockholders, and 
regulated investment companies. 
For a discussion of the "no- 
benefit" deduction which could 
reduce total tax preferences, see 
section 3, Tax Computation and Tax 
Rates. 



Tax Savings From Special Tax 
Computations 

In this report, the amount of 
tax savings is the difference 
between the tax resulting from 
using the provisions of one of the 
special tax computations (e.g., 
alternative tax. maximum tax. tax 
from income averaging, and tax 
from special income ave-aging) and 
the amount of regular tax that 
would result from not using these 
provisions. See also section 3, 
Tax Computation and Tax Rates. 



Taxable Income 

Taxable income was the amount 
to which tax rates were usually 
applied in arriving at income tax 
before credits. It was determined 
by subtracting from adjusted gross 
income itemized deductions or the 
standard deduction and the number 
of personal exemptions claimed 
multiplied by $750. See also 
"Income Subject to Tax." 

Taxable Income Credit 

See "Gene-al Tax Credit." 

Total Deductions 

This classification included 
personal deductions, both standard 
and itemized. 

Total Income Tax 

Total income tax was the sum 
of income tax after credits and 
the additional tax for tax prefer- 
ences. It did not include any of 
the other taxes which made up 
"tota' tax liability." Total 
income tax was the basis for 
classifying returns as "taxable" 
or "nontaxable." 



Tot 



Tax Li ah 



Total tax liability was the 
sura of income tax after credits: 
additional tax for tax prefer- 
ences: self-employment tax; 
unreported and uncoMected social 
security taxes on t • ps : tax from 
recomputing prior-year investment 
credit; taxes from excess 
contributions to, or premature 
withdrawal s from, individual 
retirement accounts (IRA's); tax 
on premature distributions from a 
self-employed retirement plan; 
and, "other taxes," reduced by the 
"earned income credit used to 
offset all other taxes." Each of 
these is discussed under separate 
heading. 



See "Additional Tax for Tax 
Preferences. " 

Work Incentive ^WIN) Credit 

Taxpayers could take a credit 
against their income tax liability 
of 20 percent of the WIN (Work 
Incentive Program) wages paid an 
employee hired under the Federa' 
Work Incentive Program. This 
program was intended to provide 
welfare recipients the training 
and job opportunity needed to he'p 
them become economically indepen- 
dent. The Tax Reduction Act of 
1975 extended the WIN program to 
include Fede'al welfare recipients 



210 Individual Returns/ 1976 • Classifications and Terms 

of the Aid to Families with 
Dependent Children (AFDC") Program 
under the Social Security Act. 

The credit was limited based 
on the presence and size of income 
tax, and tax first had to be 
reduced by foreign tax credit, 
investment c-edit, and credit for 
the elderly before the WIN credit 
could be applied. Amounts in 
excess of these limitations could 
be carried back 3 years and the 
remainder carried forward to the 7 
years subsequent to 1976 for use 
in computing the credit for these 
years. 



;tion 7 



snts 

es of the data, 211 
iption of the sample and 
ations of the data, 211 
iple criteria and selection, 21] 
hod of estimation, 211 
ng variability, 211 
pie and processing management. 



tables 

umber of Form 1040 and Form 
040A returns in the popula- 
ion and sample, 1976, 212 
pper limit coefficients of 
ation for the estimated 
uuber of returns, 1976, 213 

tables 
All returns: coefficient of 
variation of selected sources 
of income and tax items, by 
ze of adjusted gross income, 

214 

All returns: coefficient of 
variation for number of 
returns by size of adjusted 
gross income and by State, 219 

tES OF THE DATA 

he data in this report were 

ed from a stratified 
matic sample of unaudited 
dual income tax returns, 
1040 and 1040A, filed by 
itizens and residents during 
ar Year 1977 and processed 

service centers of the 
al Revenue Service. The 
sample of 164,234 returns 
stematically selected from a 
i ation of 84,814.549 returns. 
[lie estimates in this report 
intended to represent all 
ms filed for income year 
While the overwhelming 
•ity of returns processed in 
were for Calendar Year 1976, 

!t of them were for non- 
idar years ending during 1976 
1977 and some were delinquent 
irns for prior years. Delin- 
(; returns for recent prior 
Is were used for the 1976 
listics in place of 1976 
ms processed for revenue 
3ses after December 31, 1977. 
sneral, the characteristics of 
rns due but not yet filed 
i best be represented by the 
rns for previous income years 
were processed In 1977. 



Sources of the 
Data, 

Description of the 
Sample and 
Limitations of 
the Data 



All returns processed during 
1977 were subjected to sampling 
except tentative and amended 
returns. Tentative returns were 
not subjected to sampling because 
the revised returns may have been 
sampled later on, while amended 
returns were excluded because the 
original returns had already been 
subjected to sampl'ng. However, 
see section 1 on use of amended 
data for "exempt income earned 
abroad" and "sick pay exclusion." 



DESCRIPTION 


OF 


THE 


SAMPLE 


AND 


LIMITATIONS 


OF 


THE 


DATA 




Sample Criteria and Selection 



Form 1040 and Form 1040A 
returns filed and entered into 
the Internal Revenue Service's 
Individual Master File system 
during 1977 were computer- 
stratified into sample classes 
based on State groupings and on 
combinations of fa"! adjusted gross 
income or deficit, or the largest 
of specific income or loss items, 
and (b) business and farm 
receipts. The State groups, 
listed in table 7A, were based on 
the tax return population of each 
State and defined in such a way as 
to secure at least a minimum 
number of sample returns from each 
State. The sample for the State 
groups was then allocated to 
financial strata to minimize the 
variance of the estimates. Refer 
to table 7A for strata descriptions 
and the number of returns in the 
population and sample, by strata 
and State group. 

Method of Estimation 



A separate set of rates (by 
sample strata) for each of five 
groups of States was prescribed 
for the selection of the samp'e, 
the rates varying from 1 in 2,987 
to 1 in 1. The adequacy of the 
sample selection was reviewed, by 
sample stratum, by applying the 
prescribed rates to the number of 
returns reported filed by each of 
the ten Internal Revenue service 
centers. When the actual number 
of sample returns differed con- 
siderably from the expected number 
a followup was conducted. 



Sampling weights were obtained 
by dividing the number of returns 
filed per samp'e stratum by the 
number of sample returns actually 
received for the stratum. All 
sampling weights were then 
converted to "integer weighting 
factors," which were applied to 
each sample return. For examp'e, 
if a weight of 44.24 was computed 
fo' a stratum, 24 percent of the 
sample returns in the stratum were 
systematically given a weighting 
factor of 45, and 76 percent a 
weight of 44. 

A comparison of the estimated 
number of returns shown in the 
national tables of this report 
with the numbe- of returns reported 
filed, as shown in table 7A, will 
disclose slight differences. 
These differences occurred for 
the following reasons: (11 an 
estimated 138,000 -^turns were 
excluded from the tables because 
they showed no income information, 
and (21 returns were classified 
into the proper size classes in 
tabulating the data rega-dless of 
the strata to which they were 
assigned for sampling purposes. 



Sampling Variabi 



The coefficient of variation 
is the standard deviation of the 
estimate expressed as a percent of 
the estimate. The standard devia- 
tion when added to and subtracted 
from the estimate provides the 
computed upper and lower limits 
within wtiich approximately two out 
of three estimates derived from 
similarly selected samples would 
be expected to fall. Coefficients 
of variation were computed using a 
sum-of -squares formula for selected 
frequency and amount estimates and 
appear in tables 7.1 and 7.2 of 
this report. The upper limit 
coefficients of variation shown in 
table 7B were computed using a 
formula based on the sura-of- 
squares method. These coeffi- 
cients, applicable to frequencies 
only, are meant as a general guide 
fo- use when computed coefficients 
of variation are not shown. 



211 



212 



|e 






Individual Returns/1976 . Sourc 



I I I I S 5 I I I " 



is , Sample, and" 
I 1 i I I 



Limitations 

I I I I 



iiiliii^i" 11111111= 



i 3 S C S s S i S 



I' 



IT 



! § 5 ! 5 « » » I 



}:ii" iiiiis»«i 



11 11 i 

S S i 8 S 



FTT^ 



l-TT 



l« 



n"- 



II 



i S S i i 



"l~rf 



r~TiTTTTXTy 



II i I I 
TTTTT 



TTT 



I ?- § '- 



JT^' I 5 § 5 s I ! = I 



Is 



11 - |i I I i s B ^i 



11 i I I 

i 5 S i S 



TTT 



i S 5 ' 



i I S 5 S 3 » * I 



|i i I ! « ^ = I ' 11 I I i i ^ ^ ' 

Sill 



IT^ 11 I i i I 2 11 ^ 



TTTTT 

TTTTI 



rm 



Tr^lTTTTTTTi 



i I i I J 1 1 

iiiilli 



y i i i 

i i! I! I! i! 



H 

ii ■ 

if!! 

sliiiilillilliiliiiiiii 



iiiiiiii 



\ \ 



hUlll 



t! 



iiil 



L i, 1: i 



iiii 



Individual Returns/1976 • Sources, Sample, and Limitations 



213 



Table 7B.— Upper Limit Coefficients of Variation for the Estimated Number of Returns, 1976 



Frequencies o- amounts with 

sslve sampling variability are 

cated '■ n this report by a 

\e asterisk (*) to the left of 

data item(s). 

A dash in ptace of a frequency 

mount indicates that: 

(11 if returns were 
lied at a rate of 100 percent, 
etums had the particular 
acterist' c; or 

(2) if returns were 
lied at a rate less than 100 
:ent , either no returns in the 
ilation had the characteristic 
:he charasteristic was so rare 
: it did not appear on any 
)le returns. 

lie and Processing Managemen t 

Sample population counts of 
Ividual income tax returns were 
! by computer and were normally 
: from error. Sample counts 
» verified during statistical 



processing to minimize loss or 
data. Incorrect or missing 
entries were corrected during 
statistical editing to make them 
consistent with other entries on 
the return or accompanying 
schedules. Data were also 
adjusted during editing in an 
attempt to achieve consistent 
statistical definitions. In 
transcribing and tabulating the 
information based on the returns 
in the sample, additional checks 
were imposed to improve the 
quality of the resulting esti- 
mates . 

Quality of the basic data 
abstracted at the processing 
centers was controlled there by 
means of a continuous subsampling 
verification system. In addition, 
the Statistics Division in the 
National Office conducted an 
independent reprocessing of a 
small subsample of the returns 
statistically processed in the 



field as a further check on 
processing. Prior to tabulation, 
numerous computer tests were 
applied to each return record to 
assure that proper balance and 
relationships among return items 
were maintained. 

Finally, prior to publication, 
all statistics and tables were re- 
viewed for accuracy and reasonable- 
ness in light of provisions of tax 
laws, taxpayer reporting variations 
and limitations, economic condi- 
tions, comparability with other 
statistical series, and statistical 
techniques used in data processing. 

However, the controls main- 
tained over the selection of the 
sample returns, the processing of 
the source data, and the review of 
statistics did not completely eli- 
minate the possibility of error. 
Also, practical operating consid- 
erations necessitated allowance of 
reasonable tolerances in the sta- 
tistical processing of the data. 



214 



Individual Returns/ 1976 • Sources, Sample and Limitations 









f:!;gSS S!S!SSS SSRSS 28£ = ' "" 



»'- --°° -2£sc!Sg aasss =~E 



II 



"sasss sisigSid sssss =:j2; 



'SISSSSS SSSSJRI 222SS :r2 = S" 



eJo>oiaJ;-^oo obr-r-tbuS ■^•«ro)o 



'S^SSSS ss 



'SS5S2S t2S2RI 2S22S 



'S °S!SS SSi^SiS SSiSSiKi °~S = '^ 



-& °ss5 ssessa 












2JS? 



SSii 2S25' 



iipi 



in % 

II 



iiii iiiii 

3»as 



!§§§§ %§§§l ill 



sag 



I iili ^Vmn iiiii lllli i|||i iiii I 



ill 




Individual Returns/ 1976 • Sources, Sample, and Limitations 



215 



SS5S SSSSeS! SSiCS 






'S S'snS RStSS! s 






!S°SSS S22SSi :s 









•O U>«>U7^ 



ll 



SSs:!833S SSggS SKJSgSS 8SSSSS S2°° 2KS SS& S|SSS ;!;S?S SSSSfS ^S°° 8 Sig 



fill 

?fi! 



ll 



'SSSSS SS22S; 



!S SftS ggsss 



'SK8ass assss 



'ssasss 228; 









ll 

£ 1 



ll 



i gsgg °sgg§ ii§i§ §§§§1 ii§. li gggg 8SS8§ §§§§§ §§§§1 iii» I i§ 

ss^asa s^ssss ^^■^'^'^ r"?"^ s»»^ ^-sg^^ss sasss •^-^^^^ f"??*: sss^ j; I ^ri 

^iiiii iiiii iiiii iiiii iiji ||i|||| iiiii iiiii mil iii| I i|||i 

tliiii iiiii |i|.i.| i.|||| i||i itfiiii iiiii illU ||.||.| i 



iisas aa^ss 



§a88^ ._. 

5SS< 

nil nil I i|||i 



216 



Individual Returns/1976 • Sources, Sample, and Limitations 



3::;? 



'I 






5K8'"" ""ri"" 



ji 












|i 



if 



-sassess =:=s' 



tS sSSS 5S = :=° 






II 



-£RS as2 2-' 



gaa 8=i;a= 



-SS $SS SStSE 



•5s: $KS ss:!=j 



''ssfeisss gss;s sssss ssisis 



*c cRSS sssssj ggisss sass 



1 



ij 



'2!¥SSKiS aSSiSS SiSSiSS »*-;2"- 



's !;!;SK SSS3SS sssaa °*2!S° 



•SftKSSiK 5SSSS SSSffiS 2SSSiS 



•sggsiss asisss ssssK sasa; 



S ^^^^ 



ji 



'^IsS^s sisis iSssa °^§"' 



'° -SS/ifesiS SSSRiS SKiSSiSi 2~ = < 






II 

o 




Individual Returns/ 1976 • Sources, Sample, and Limitations 



217 









I" S2gS SSSIS22 S2SSS :;~'35 2SSS" 25§§ 5 



ioo o --< 



If 



II 



Ifli 



sssas! S5s; 



StSSSSS SCSSffi 5S5ff§ 3SSSR SS°° - 



gggos iiiii §ii§i lii. jl gggg ggggl iiiiJ. iili| ||i„ I 
sassS •»"•»•»'» »»«a«,« ^^^E "sgaasss sfesss •»•»<»<•<» ♦»<••*<••« ^ss^ s 
sssss IIIII IIIII Ins eI'Iiiii iiiii iiiii iiiii |I|| | 

SSSSS ==§§= ooooo ooooo 888* 



I §§§i 

5l§£saxs j.^ 

°i"iiii mil IIIII III 

'' 'Ss ^ ^ ~ ~ 



ii 



iiil! 
ftfiiii Iiiii iiiii iiiii ii|l 1111111 inii mm mp m i iliii 



218 



Individual Returns/ 1976 • Sources, Sample, and Limitations 



i% 



30 «lie$<e!i>"0 .^CT-cjt- 



If 



II 



"eSSs?^ SmS"S 



If 



•SSS""" "■■ 



.» iiii ^^§§1 lilll lllil ill I i! ^iiii iiiil 
ili???! ?^??r ;nn nfn m! i-l|f-" 



2SS %&»S;i 



Hill 
iiiii 



§S8gl 



§§i 

iili 

III. 

iiii 
iiii 



till! 

Hill 



Individual Retums/1976 


• Sources, Sample, and Limitations 


219 


Table 7.2— All Returns: Coefficient of Variation for Number of Returns by Size of Adjusted Gross Income and by State 


[CoeHidenl ol vanalxsn as pefcent ol estmale tof numbw of returns by see ol adjusted gross mcomel 






Stale 


Total 


Under 
$5,000 


$5,000 
under 
$10,000 


$10,000 
under 
$15,000 


$15,000 




(1) 


(2) 


(31 


|4| 


(5) 


0.0 


0.7 


0.8 


0.2 


0.1 




3.4 
3.5 
3.4 
3.8 


77 
9,2 

8 J 


7,7 
13,3 
93 
91 


6,4 
7.3 
69 

7.5 


42 




3.7 


vj^^ 


3.4 


AriarBas 


















3.S 
3.8 


8,9 


95 
9,3 


7,0 
7,3 


3.9 


^l^aA 


47 




^l 


11,0 
13,4 


13,4 


9,3 
11.0 






90 


Flonda 


2.4 


6.2 


5,; 




3,4 




1;? 

3.9 
ZO 
3.0 

3.4 
3.9 
3.4 

II 


7.0 
79 
8.6 
4.8 
70 

8.0 
92 
7,8 
8,4 
7,6 


1V0 
9,0 

7:6 

9,8 
8,2 
90 
8,1 


5,9 

67 
3,7 
55 

6,5 
7,5 
6,6 
7,0 
61 


4,6 








5,0 




24 


f???^ 


3,8 




38 




4,5 


5?"?^ 


*2 




5,2 


1 Mairw 


54 




3.3 

II 
3.5 
3.8 

3.2 


79 
6,3 
5,4 
7,6 
8,2 

7,2 


92 

6^5 
87 
8.8 

7.5 


6,5 
53 
4,5 
6,6 
7,5 

5.9 


41 








28 




4,5 




4,5 








4.0 
4.0 


84 
88 
9,5 


10.0 


7.4 
8.C 

7:0 


51 




4,2 


Neva^^ 


5,0 








2.S 
3.5 
1.6 
3.1 


61 

40 
6.4 


65 
7.7 
4.0 
6,8 


4.8 
6.6 
2.9 
5.6 


3,1 




5,0 


New Yw^" 


21 


North Cajolina 


45 




4.6 












i:) 


4,9 
8,2 


5,5 
87 


3,6 
7,2 


27 


oI3L>-™ ::::::::::;:;::::::::::::::::;::::::::::;:::;:::;:::;::: 


4,6 




3.8 
2.0 


8,7 
4.6 


5,0 


3,5 




Penreytvania 


2,6 




3.E 


8.0 


9.! 






, Soutti Carolina 


3.8 


8,5 


8.5 


7,2 


4,8 


South Dakota 


4.: 


91 


92 








3.5 
1.9 
3.3 


7,5 
4,3 
74 


46 
8,6 


5,8 








Utah 


4,0 




3.9 
3.1 
3.5 
4.1 
3.2 


93 
7,2 

10i 

7,0 


7'f 
91 
103 
8,8 


6,3 
5,8 
66 
7,8 
5,8 


5,2 




4,0 


Kroton ::: ::"7':::'::::::::::::::: 










42 




32 


7,5 


8,4 
14,5 


57 
17,2 


54 


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192 




21.6 
11.1 


48,1 
20,1 


24^9 


27,4 












■Returns tiled from Arm, Posl Office and Reel Post Office addresses 






■Returns tiled from Panama Canal Zone. Virgin Islands and abroad 
1 













1976 Forms and 
Instructions 



Form 1040 and instructions, 222 

Short Form 1040A and instructions, 241 

Schedules A&B, Itemized Deductions 

and Dividend and Interest Income, 251 
Schedule D, Capital Gains and 

Losses, 252 
Schedule E, Supplemental Income 

Schedule, 253 
Schedule SE, Computation of Social 

Security Self-Employment Tax, 254 
Form 25 55, Exemption of Income 

Earned Abroad, 254 
Form 4625, Computation of Minimum 

Tax, 256 
Form 4726, Maximum Tax on Earned 

Income, 257 
Form 4798, Capital Loss Carryover, 258 
Form 4972, Special 10-Year 

Averaging Method, 260 



221 



Individual Returns/1976 • Forms and Instructions 





II 




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Individual Returns/1976 • Forms and Instructions 



227 











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Individual Returns/1976 • Forms and Instructions 








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233 



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nil lill nil ilil ilil ilil ilil ilil illi ilil Ilil 


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Individual Returns/1976 • Forms and Instructions 



S 8 



I 1^. 



:^3?SS SBs^o 



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O to 3 f .1 -s m ^ 






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Individual Returns/1976 • Forms and Instructions 



251 



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$ 




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33 Total (add lines 30 through 32). Enter 
here and on Ime 39 ► 

Summary of Itemized Deduction 


SfiSS 3 


■g 




1 1 1 




1 




1 1 1 


1 1 




1 


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ill: 


13 State and local gasoline (see |as In tables) 

14 General sales (see sales tax tables) . . 

15 Personal property 

16 Other (Itemlie) ►• 

17 Total (add llnM 11 througtl 16). Enter 
Interest Expense (See page 14 of Instructions 

.8Hom.mortc,„e 


M M i S* 

■ \ : \ \h 

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M M ill 



|H ll 



1. .... ™ 



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^>™»> o£i-<u, o|o03 = S2 



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252 



Individual Returns/1976 • Forms and Instructions 



CO 




^«i 


s 


fejE) 


^. 


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a 


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s| . 


1 


lU 




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1 


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969 (see Instruc 


1 


n \\ 


1 


"« Hi 


! 


1 

2 Enter your share of net short-term gain o 

3 Enter net gain or (loss), combine lines 1 

4 Short-term capital loss carryover attribu 

5 Net Short-term gam or (loss), combine 





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f 




--»2=22r 


1 




1 

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n A) . . . . 
s (Subchapter S) 
969 (see Instruc 
ryovers from y 


1 

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___ :i|i:l:t^ 


1 


■imm 


1 - ' 
1 

E 

i 


7 Capital gain distributions . . . , 

8 Enter gain. If applicable, from Form 479 

9 Enter your share of net long-term gain o 

10 Enter your share of net long-term gam (r 

11 Net gain or (loss), combine lines 6 thro 

12 Long-term capital loss carryover attribut 

13 Net longterm gam or (loss), combine Im 

■ :milW Summary ot Harts land 11(1 











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1 




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■201^ Dividend tncome 

other distributions on stocli are $400 or less, do not complete this 
part. But enter gross dividends less the sum of capital gain dis- 

Ime lOa (see note below) 


M 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 


1 1 1 1 1 1 1 1 1 1 1 1 1 


ll 


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2 Total of line 1 

Instructions Enter here and on Schedule D 

6 Dividends before exclusion (subtract line 



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CO 


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Have you claimed expenses connected with your vacation home rented lo others? . Q Yes p No 

thirds ol your gross income IS from (arming or fishing, check this box ^ Q, 


pi 








2 i°n 


1 




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10 Total rent and royalty income (add lines 7, 8, and 9) 
B/BIIW Income or Losses from Partnerships, Esl 

if you should also file Form 4835, II el least t»o-lhlrds ol your 


r*"® 




a^:- 


ii 

1 

1 

1 

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1 




J 


2 Did your employer contribute part of the 
l( •■Yes," is your conlrihullon recoverable wilhi 

3 Amount received this year .... 


1 

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254 



Individual Returns/1976 • Forms and Instructions 



ill 



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c Service as a minister, member of a religious order, or a Christian Science 
practitioner (Include rental value of parsonage or rental allowance fur- 
nished.) If you hied Form 4361, check here »■ Q and enter zero on this 


i '■ 

I 
!! 


or more OR if you do not elect to use the Nonfarm Optional Method, omit lines 9 

L METHOD 

nt reportable, under both optional methods combined (farm and nonfarm) . . 

ct line 9b from line 9a) 

f gross nonfarm profits ' or $1,600, whichever Is smaller 

utation of Social Security Self-Employment Tax 


i 


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G Total (add lines 5 

7 Enter adjustment 

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through 1 1 and e 
NONFARM OPTIONA 

10 Enter two-thirds 

m-jnaWM Como 



^ - E 

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Individual Returns/1976 • Forms and Instructions 




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Individual Returns/1976 • Forms and Instructions 





1 

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Individual Returns/1976 • Forms and Instructions 



257 



to 




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If line 21 does not exceed $50,000, check here »• □ and omit lines 22 through 25. 

22 Enter amount from line 20 plus $25,000 

23 Enter amount from line 13 


26 Tax on amount on line 20 (use Tax Rate Schedule from Form 1040 (or 1041) Instructions), Caution: 
If hne 9 IS more than Ime 20, enter instead amount on Ime 14 (ess 50% of excess of line 9 oyer line 20 , 

27 Subtract line 26 from line 13 

28 Subtract line 27 from line 17 

29 If the block on line 21 IS checked, enter 50% of line 19: othervyise, enter $12,500 

in 4ll»rn,l,„o 1,. arid i.n.,= ?S 1,1 annlirahle) 2R and 29 . . . 


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15 Multiply line 14 by 10, If no entry on line 6, skip lines 16 throu 
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lection 9 



Index 



celerated depreciation (See Tax 
eferences) 

ditional tax for tax preferences: 
Classified by type of tax 
computation, 81 
Comparison, 1975 and 1976, 2 
Definition, 194 
Reported on: 

All returns, 108 
Returns of taxpayers age 65 
or over, 138 

Returns with income subject 
to tax, 92 

Returns with net gain from 
sales of capital assets, 96-97 
Returns with tax preferences, 107 
justed gross income (See 
justed gross income less deficit) 
justed gross income less 
Eicit: 

As classifier, 193 
Average, 7-8 
Classified by: 

Form of deduction, 55 
Size of adjusted gross 
income, 50 

Size of income under alterna- 
tive income concepts, 44 
Size of total income 
tax, 98-102 
States, 152 

By size of adjusted gross 
income, 165-192 
Tax rates, 119-122 
Type of exemptions, 72-76 

By States, 159-160 
Type of tax computation, 81 
Coefficient of variation, 214 
Comparison, 1975 and 1976, 2 
Computation of, 26-33 
Definition, 195 

Itemized deductions as percent 
of, 66 

By type of itemized 
deduction, 67-70 
Percent, 7-8 
Reported on: 

All returns, 17 
Form 1040A returns, 38 
Classified by marital 
status, 37 
Joint returns, 22 
Taxpayers age 65 or 
over, 143 
Nonjoint returns. 16 
Classified by size of 
adjusted gross income, 11-15 
Nontaxable returns, 34 
Returns of dependents with 
unearned income, 71 
Returns of taxpayers age 65 
or over, 140 



Returns with credit for the 

elderly, 146 

Returns with earned income 

credit, 105 

Classified by States, 151 

Returns with general tax 

credit, 85 

Returns with income subject 

to tax, 89 

Returns with itemized 

deductions, 58-59 

Classified by marital sta- 
tus, 60-65 
Classified by States, 157 

Returns with maximum tax on 

earned income, 95 

Returns with tax from special 
income averaging, 93 
Returns with tax pref- 
erences, 106 

Size and accumulated size, 7-8 
Adjusted gross income less 
investment interest: 

Classified by size of income 

under alternative income 

concepts, 44-49 

Definition, 195 

Reported on nontaxable 

returns, 5 
Adjusted gross income plus tax 
preferences: 

Classified by size of income 

under various income con- 
cepts, 44-49 

Definition, 195 

Reported on nontaxable re- 
turns. 5 
Adjustments (See Statutory 
adjustments) 
Age 65 or over: 

As classifier, 194 

Definition, 137 

Exemptions: 

Comparison, 1975 and 1976, 56 
Classified by marital 
status, 77 

Classified by size of 
adjusted gross income, 72 

Itemized deductions, 138 

Reported on: 

Joint returns. 143-145 
Returns of taxpayers age 65 or 
over, 140-142 

Returns with comparison of 
retirement income credit and 
credit for the elderly, 139 
Returns with credit for the 
elderly, 146-147 
Alimony received: 

Classified by size of alimony 

received, 52 

Computation of adjusted gross 

income, 26 

Definition, 195 



Reported on nonjoint returns, 16 

Reported on returns with 

itemized deductions, 65 
Alternative tax: 

Definition, 195 

Reported on returns with income 

subject to tax, 89-92 

Reported on returns with net 

gain from sales of capital 

assets, 97 

Tax savings, 91 

Average tax savings, 91 

Type of tax computation, 81 
Amortization (See Tax preferences) 
Averages (See specific item) 



Bad debt reserves (See Tax 
preferences) 

Balance due after remittance: 
Definition. 195 
Reported on all returns. Ill 
Reported on Form 1040A re- 
turns, 42 

Classified by marital sta- 
tus, 37 
Blindness exemptions: 

Comparison, 1975 and 1976, 56 
Definition, 198 
Reported on all returns, 72 
Classified by marital status 
status, 77 

Classified by States, 159 
Business or profession net profit 
or loss: 

Classified by size of business 
or profession net profit or 
loss, 50 

Classified by States, 152 
Coefficient of variation, 214 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 30 
Definition, 195 
Reported on: 

All returns, 17 
Joint returns, 22 
Nonjoint returns, 16 
Returns with itemized 
deductions, 65 
Returns with tax prefer- 
ences, 106 



Capital gain distri 
Definition, 196 
Reported on all 



264 



Individual Returns/ 1976 



Capital gains and losses (See 
Sales of capital assets) 
Capital gains portion of lump-sum 
distributions (See Sales of 
capital assets and Special income 
averaging) 

Casualty or theft loss (net): 
Definition, 196 
Reported on: 

Nontaxable returns, 57 
Returns of taxpayers age 65 
or over, 138 

Returns with itemized deduc- 
tions, 59 

Classified by States, 158 
Child care credit: 
Definition, 196 

Comparison with 1975 child care 
deduction, 86 

Reported on returns with income 
tax before credits, 103 
Classified by States, 162 
Classifications and terras, 193-210 
Coefficient of variation (See also 
specific item): 
Definition, 211 
For number of returns, 213 

Classified by States, 219 
For selected sources of income 
and tax items, 214-218 
Contributions deducted: 

As percent of adjusted gross 
income, 70 

Reported on nontaxable 
returns, 57 
Classified by size of income 
under alternative income 
concepts, 46-47 
Definition, 196 
Reported on: 

Returns of taxpayers age 65 
or over, 138 
Returns with itemized 
deductions, 58-59 

Classified by States, 158 
Returns with tax pref- 
erences, 106 
Contributions to candidates credit: 
Classified by States, 163 
Definition, 196 
Reported on: 

Form 1040A returns, 40 

Classified by marital sta- 
tus, 37 
Returns with income tax 
before credits, 104 
Credit for tax on gasoline, fuel, 
and oil: 

Definition, 197 
Reported on all returns, 110 
Credit for the elderly: 

Comparison with retirement 
income credit, 1975 and 
1976, 139 
I Definition, 196 

Reported on: 

All returns, 146-147 
Returns of taxpayers age 65 
or over, 142 

Joint returns, 145 
Returns with income tax 
before credits, 104 

Classified by States, 162 
Credit on 1977 estimated tax: 
Coefficient of variation, 218 
Definition, 197 



Reported on all returns, 111 
Reported on returns with taji 
overpayment, 113 
Credits (See Tax credits) 



Deductions (See Itemized 

deductions. Standard deduction, 

Total deductions. Low-income 

allowance, and Percentage standard 

deduction) 

Dependents' exemptions: 

Classified by marital status, 77 
Classified by States, 159 
Comparison, 1975 and 1976, 56 
Definition, 198 
Reported on all returns, 72 
Reported on Form 1040A re- 
turns, 43 
Dependents with unearned income: 
Definition, 197 
Returns of, 71 
Depletion (See Tax preferences) 
Description of the sample: 
Method of estimation, 211 
Sample criteria and 
selection, 211 
Sources of the data, 211 
Dividend exclusion: 

Computation of adjusted gross 
income, 27 
Definition, 197 
Reported on Form 1040A 
returns, 38 
Dividends in adjusted gross income: 
Classified by size of dividends 
in adjusted gross income, 51 
Classified by States, 153 
Coefficient of variation, 215 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 27 
Definition, 197 
Reported on: 

All returns, 18 

Form 1040A returns, 38 

Classified by marital sta- 
tus, 37 
Joint returns, 23 
Nonjoint returns, 16 
Nontaxable returns, 34 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over , 140 

Joint returns, 143 
Returns with itemized deduc- 
tions, 65 

Returns with tax pref- 
erences, 106 
Domestic and foreign dividends 
(See Dividends in adjusted gross 
income) 



Earned income (See Earned income 

credit and Maximum tax on earned 

income) 

Earned income credit: 

Classified by States, 151 

Computation of, 105 

Definition, 197 



Reported on: 

All returns. 111 

Form 1040A returns, 40 

Classified by marital sta- 
tus, 37 
Returns with income tax 
before credits, 103 

Classified by States, 162 
Earned net income (See Maximum tax 
on earned income) 
Estate or trust net income or 

Classified by size of estate or 
trust net income or loss, 52 
Classified by States, 154 
Coefficient of variation, 216 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 31 
Definition, 198 
Reported on: 

All returns, 19 
Joint returns, 24 
Nonjoint returns, 16 
Returns of taxpayers age 65 
or over, 141 

Joint returns, 144 
Returns with itemized deduc- 
tions, 65 
Estimated tax payments: 

Coefficient of variation, 218 
Definition, 198 
Reported on: 

All returns, 110 
Returns with tax due at time 
of filing, 112 
Returns with tax overpay- 
ment, 113 
Excess social security tax 
withheld: 

Definition, 198 
Reported on all returns, 110 
Exemptions (See also specific 
type): 

Classified by: 

Size of income under 
alternative income con- 
cepts, 48 
States, 155 

Classified by size of 
adjusted gross income, 
165-192 

Classified by type of ex- 
emption, 159-160 
Reported on returns with 
itemized deductions, 158 
Type of exemption, 72-76 

Classified by marital sta- 
tus, 77 
Coefficient of variation, 216 
Comparison, 1975 and 1976, 56 
Definition, 198 
Reported on: 

All returns, 20 

Form 1040A returns, 39 

Joint returns, 25 

Reported on returns of tax- 
payers age 65 or over, 143 
Nonjoint returns, 11 
Returns of taxpayers age 65 
or over, 140 

Returns with general tax 
credit, 85 

Returns with income subject 
to tax, 89 



Individual Returns/1976 



265 



Returns with itemized 
deductions, 60-64 
Returns with credit for the 
elderly, 146 

jtion credit (See General tax 
it^ 
landed income: 
Definition, 198 

Reported on all returns, 44-49 
Reported on nontaxable re- 
turns, 5 



m net profit or loss: 
Classified by size of farm 
income or loss, 50 
Classified by States, 152 
Coefficient of variation, 214 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 31 
Definition, 198 
Reported on: 

All returns, 17 
Joint returns, 22 
Nonjoint returns, 16 
Nontaxable returns, 34 
Returns with itemized 
deductions, 65 
Returns with tax pref- 
erences, 106 
( ing requirements, V 
jeign tax credit: 
Classified by size of income 
under alternative income 
concepts, 48-49 
Definition, 198 

Reported on returns with income 
tax before credits, 104 
' m 1040A returns: 
Classified by marital status, 
Classified by size of adjusted 
gross income, 38-43 
( -ms and instructions, 221-261 
j ly taxable pensions and 
iiuities (See Pensions and 
imities) 



ns and losses from sales of 
lital assets (See Sales of 
ital assets) 
leral tax credit: 
Classified by States, 161 
Definition, 199 
Reported on: 

All returns, 85 

Form 1040A returns, 40 

Classified by marital sta- 
tus, 37 
Jgraphic coding, 149 



lad of household, returns of (See 
o Marital status) : 
Classified by tax rates, 118 
Classified by size of 
adjusted gross income, 129-132 
Comparison, 1975 and 1976, 3 
i Definition, 199 
Exemptions, 77 



37 



Reported on: 

Form 1040A returns, 37 

Returns with earned income 

credit, 105 

Returns with itemized 

deductions, 63 

Sources of income, 65 
Selected items, 13 
Sources of income, 16 
High income returns, 44-49 
Home mortgage interest: 

Classified by States, 157 
Definition, 199 
Reported on returns with 
itemized deductions, 58-59 



Income averaging: 
Definition, 199 
Reported on all returns, 81 
Reported on returns with income 
subject to tax, 89-92 
Tax savings, 91 
Income subject to tax: 

Classified by tax rates, 114-118 
Classified by type of tax 
computation, 81 
Definition, 200 
Reported on: 

All returns, 89-92 
Returns with net gain from 
sales of capital assets, 96-97 
Returns with tax pref- 
erences, 106 
Tax generated at each 
rate, 119-135 
Income tax after credits: 
Classified by: 
States, 155 

Reported on returns with 
income tax before 
credits, 163 
Tax rates, 114-118 
Type of exemption, 72-76 
Type of tax computation, 81 
Coefficient of variation, 217 
Comparison, 1975 and 1976, 2 
Cumulated, 9-10 
Definition, 200 
Percent and accumulated 
percent, 9-10 
Reported on: 

All returns, 21 

Form 1040A returns, 41 

Classified by marital sta- 
tus, 37 
Joint returns, 25 
Nonjoint returns, 11-15 
Returns of taxpayers age 65 
or over, 142 

Comparison with all re- 
turns, 138 
Joint returns, 145 
Returns with credit for the 
elderly, 147 

Returns with earned income 
credit, 105 

Returns with income tax 
before credits, 104 
Returns with itemized deduc- 
tions, 60-64 

Returns with tax liabil- 
ity, 108 

Returns with tax prefer- 
ences, 107 



Income tax before credits: 

Classified by: 

Size of adjusted gross 

income, 103 

States, 161 

Type of tax computation, 81 

Coefficient of variation, 217 

Definition, 200 

Reported on: 

All returns, 21 
Form 1040A returns, 39 
Classified by marital 
status, 37 
Joint returns, 25 
Nontaxable returns, 35 
Returns of taxpayers age 65 
or over, 141 

Joint returns, 144 
Returns with credit for the 
elderly, 147 

Returns with earned income 
credit, 105 

Returns with general tax 
credit, 85 

Returns with income subject 
to tax, 91 

Returns with net gain from 
sales of capital assets, 96-97 
Returns with tax from special 
income averaging, 94 
Returns with tax pref- 
erences, 107 

Income tax withheld: 

Coefficient of variation, 218 

Definition, 200 

Reported on: 

All returns, 110 
Form 1040A returns, 41 
Classified by marital 
status, 37 
Returns with tax due at time 
of filing, 112 
Returns with tax over- 
payment, 113 
Individual retirement account; 

Computation of adjusted gross 

income, 32 

Definition, 200 

Returns with premature 

distributions, 84 
Interest paid deduction: 

As a percent of adjusted gross 

income, 69 

Reported on nontaxable 
returns, 57 

Classified by size of income 

under alternative income 

concepts, 46 

Definition, 200 

Reported on: 

Returns of taxpayers age 65 
or over, 138 

Returns with itemized deduc- 
tions, 58-59 

Classified by States, 157 
Returns with tax pref- 
erences, 106 
Interest received: 

Classified by size of interest 

received, 51 

Classified by States, 153 

Coefficient of variation, 215 

Comparison, 1975 and 1976, 2 

Computation of adjusted gross 

income, 26 

Definition, 201 



266 



Individual Retums/1976 



Reported on: 

All returns, 19 
Form 1040A returns, 39 
Classified by marital 
status, 37 
Joint returns, 23 
Nonjoint returns, 15 
Nontaxable returns, 34 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 140 

Comparison with all re- 
turns, 138 
Returns with credit for the 
elderly, 146 

Returns with itemized deduc- 
tions, 65 

Returns with tax pref- 
erences, 106 
Investment credit: 

Classified by States, 162 
Definition, 201 

Reported on returns with income 
tax before credits, 104 
Investment interest: 

Classified by size of income 
under alternative income 
concepts, 44-45 
Definition, 201 
Itemized deductions (See also 
specific type): 

As a percent of adjusted gross 
income, 66 

Classified by type of 
deduction, 67-70 
As classifier, 193 
Classified by: 

Size of income under 
alternative income con- 
cepts, 44-47 
States, 155 

Type of deduction, 58-59 
Classified by 
States, 157-158 
Coefficient of variation (total 
only), 216 

Comparison, 1975 and 1976, 55 
Definition, 201 
Reported on: 

All returns, 20 

Classified by selected 
marital status, 60-64 
Joint returns, 24 
Nontaxable returns, 35 

As a percent of adjusted 
gross income, 57 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 138 

Returns with income subject 
to tax, 89 

Returns with tax pref- 
erences, 106 
Sources of income on returns 
with itemized deductions, 65 



int returns of husbands and 

Classified by States, 165-192 
Classified by tax rates, 115 

Classified by size of 

adjusted gross income, 123-125 



Comparison, 1975 and 1976, 3 

Definition, 201 

Exemptions, 77 

Classified by States, 160 

Reported on: 

All returns, 22-25 
Form 1040A returns, 37 
Returns with and without 
presidential election 
campaign fund checkoff, 36 
Returns with earned income 
credit, 105 

Returns of taxpayers age 65 
or over, 143-145 
Returns with itemized deduc- 
tions, 65 



Limitations of the data (See 
Description of the sample and 
Coefficient of variation) 
Long-term capital gains and losses 
(See Sales of capital assets) 
Long-term gains from certain 
binding contracts, distributions, 
and installment sales (See Sales 
of capital assets) 
Low-income allowance (See also 
Standard deduction): 

Comparison, 1975 and 1976, 55 
Definition, 201 
Reported on returns of 
taxpayers age 65 or over, 138 
Lump-sum distributions not 
included in adjusted gross income: 
Definition, 201 
Reported on: 

All returns, 33 

Returns with income subject 

to tax, 91 

Returns with tax from 

special income averaging, 93 

Returns of taxpayers age 65 

or over, 138 



M 
Marginal tax rate (See Tax rates) 
Marital status (See also specific 
type): 

As classifier, 193 
Classified by tax rates, 114-118 
Classified by size of 
adjusted gross in- 
come, 123-135 
Comparison, 1975 and 1976, 3 
Exemptions, 77 
Joint returns, 22-25 
Nonjoint returns, 11-15 
Sources of income, 16 
Reported on: 

Form 1040A returns, 37 
Returns with itemized deduc- 
tions, 60-64 

Sources of income, 65 
Returns with and without 
presidential election 
campaign fund checkoff, 36 
Maximum tax on earned income: 
Definition, 202 
Reported on all returns, 95 
Reported on returns with income 
subject to tax, 89-92 
Tax savings, 91 
Type of tax computation, 81 



Medical and dental expense 
deduction : 

As a percent of adjusted gross 
income, 67 

Reported on nontaxable 

returns, 57 
Classified by size of income 
under alternative income 
concepts, 46-47 
Classified by States, 157 
Definition, 202 
Reported on returns of 
taxpayers age 65 or over, 138 
Reported on returns with 
itemized deductions, 58-59 
Minimum tax (See Additional tax 
for tax preferences) 
Miscellaneous itemized deductions: 
Classified by size of income 
under alternative income 
concepts, 46-47 
Classified by States, 158 
Definition, 203 
Reported on: 

Nontaxable returns, 57 

Returns of taxpayers age 65 

or over, 138 

Returns with itemized 

deductions, 58-59 



Net capital gain (See Sales of 

capital assets) 

Net capital gain after carryover 

(See Sales of capital assets) 

Net capital loss (See Sales of 

capital assets) 

Net capital loss after carryover 

(See Sales of capital assets) 

Net operating loss credit (See 

Additional tax for tax preferences) 

Net operating loss eligible for 

carryover (See Additional tax for 

tax preferences) 

No Benefit Deduction (See 

Additional tax for tax preferences) 

Nonjoint returns (See Marital 

status) 

Nonsampling errors (See 

Description of the sample) 

Nontaxable returns: 

Classified by size of income 
under alternative income 
concepts, 5 

Comparison, 1975 and 1976, 2 
Comparison, 1969-1976, 4 
Definition, 194 
Itemized deductions as a 
percent of adjusted gross 
income, 57 

Sources of income and deduc- 
tions, 34-35 
Number of returns (See also 
specific type): 

Classified by marital status, 3 
Classified by States, 152 
Comparison, 1975 and 1976, 56 
Total, cumulated, 7-8 



One-half excess net long-term 
capital gain (See Sales of capital 
assets) 



Individual Retums/1976 



267 



r deductions (See Miscellaneous 

lized deductions) 

r dependents (See Dependents' 

■ptions) 

r income or loss: 

imputation of adjusted gross 

ncome, 32 

lefinition, 203 

Form 1040A returns, 37 
Non joint returns, 16 
Returns with itemized deduc- 
tions, 65 

:r tax credits: 

lassified by States, 163 

lefinition, 203 

.eported on returns with income 

ax before credits, 104 

r taxpayments: 

lefinition, 203 

eported on all returns, 110 

■payment : 

;lassified by States, 164 

loefficient of variation, 218 

lefinition, 203 

.eported on: 
All returns. 111 
Form 1040A returns, 42 

Classified by marital sta- 
tus, 37 
Returns with tax overpay- 
ment, 113 



nership net income or net loss: 

lassified by size of 

artnership net profit or 

OSS. 50 

lassified by States, 152 

ioefficient of variation, 214 

:omparison, 1975 and 1976, 2 

Computation of adjusted gross 

ncome, 31 

lefinition, 203 

leported on: 
All returns, 18 
Joint returns, 22 
Nonjoint returns, 16 
Nontaxable returns, 34 
Returns with itemized deduc- 
tions, 65 

Dent on 1975 declaration of 

imated tax (See Estimated tax 

nen t s ) 

nent with request for extension 

filing time: 

Definition, 203 

Reported on all returns, 110 

Classified by size of pensions 
and annuities, 51 
Classified by States, 154 
Computation of adjusted gross 
income, 26-27 
Definition, 204 
Reported on: 

All returns, 19 
Joint returns, 23 
Nonjoint returns, 16 
Returns of taxpayers age 65 
or over, 138 

Classified by size of 
adjusted gross in- 
come, 140-141 
Joint returns, 143-144 



Returns with credit for the 
elderly, 146 
Returns with itemized 
deductions, 65 
Percentage standard deduction (See 
also Standard deduction): 

Comparison, 1975 and 1976, 55 

Definition, 204 

Reported on returns of 

taxpayers age 65 or over, 138 
Personal exemption credit (See 
General tax credit) 
Political contributions (See 
Contributions to candidates credit) 
Presidential election campaign 
fund checkoff: 

Classified by marital status, 36 

Definition, 204 
Purchase of new principal 
residence credit: 

Classified by States, 161 

Definition, 204 

Reported on returns with income 

tax before credits, 103 



Refund (See also Overpayment): 
Classified by States, 164 
Coefficient of variation, 218 
Definition, 205 
Reported on: 

All returns. 111 

Form 1040A returns, 42 

Classified by marital sta- 
tus, 37 
Returns with tax overpay- 
ment, 113 
Regular tax computation: 
Definition, 205 
Reported on all returns, 81 
Reported on returns with income 
subject to tax, 89-92 

Rent net income or loss: 

Classified by size of rent net 
income or loss, 51 
Classified by States, 154 
Coefficient of variation, 215 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 28 
Definition, 205 
Reported on: 

All returns, 19 
Joint returns, 23 
Nonjoint returns, 16 
Returns of taxpayers age 65 
or over, 138 

Classified by size of 
adjusted gross income, 141 
Joint returns, 144 
Returns with credit for the 
elderly, 147 
Returns with itemized 
deductions, 65 
Returns with tax pref- 
erences, 106 
Retirement income credit (See 
Credit for the elderly) 
Royalty net income or loss: 

Classified by size of royalty 
net income or loss, 52 
Classified by States, 154 
Coefficient of variation, 216 
Comparison, 1975 and 1976, 2 



Computation of adjusted gross 

income, 28 

Definition, 205 

Reported on: 

All returns, 19 
Joint returns, 24 
Nonjoint returns, 16 
Returns of taxpayers age 65 
or over, 138 

Classified by size of 
adjusted gross income, 141 
Joint returns, 144 
Returns with itemized 
deductions, 65 
Returns with tax pref- 
erences, 106 



Salaries and wages: 
Classified by: 

Size of salaries and wages, 50 
States, 152 

Classified by size of 
adjusted gross in- 
come, 165-192 
Type of exemption, 73-76 
Coefficient of variation, 214 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 26 
Definition, 205 
Reported on: 

All returns, 17 

Form 1040A returns, 38 

Classified by marital sta- 
tus, 37 
Joint returns, 22 
Nonjoint returns, 16 
Nontaxable returns, 34 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpay__ „ 65 
or over, 138 

Classified by size of 
adjusted gross income, 140 
Joint returns, 143 
Returns with credit for the 
elderly, 146 

Returns with earned income 
credit, 105 

Returns with itemized deduc- 
tions, 65 

Returns with tax pref- 
erences, 106 
Sales of capital assets net gain 
or loss: 

Classified by size of sales of 
capital assets net gain, 51 
Classified by States, 153 
Coefficient of variation, 215 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 28-30 
Definition, 205 
Reported on: 

All returns, 18 
Joint returns, 23 
Nonjoint returns, 16 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 140 

Joint returns, 143 
Returns with credit for the 
elderly, 146 



Individual Returns/ 1976 



Returns with itemized 
deductions, 65 
Returns with regular or 
alternative tax compu- 
tation, 96-97 
Returns with tax pref- 
erences, 106 
Sales of property other than 
capital assets: 

Classified by size of sales of 
property other than capital 
assets net gain or loss, 51 
Classified by States, 153 
Coefficient of variation, 215 
Computation of adjusted gross 
income, 30 
Definition, 206 
Reported on: 

All returns, 18 
Joint returns, 23 
Non joint returns, 16 
Nontaxable returns, 34 
Returns of taxpayers age 55 
or over, 140 

Joint returns, 143 
Returns with itemized deduc- 
tions, 65 
Sample criteria (See Description 
of the sample) 
Sampling variability (See 
Coefficient of variation) 
Self-employed retirement deduction: 
Returns with premature 
distributions, 84 
Self-employment income (See Earned 
income credit) 
Self-employment tax: 

Classified by size of adjusted 
gross income, 109 
Coefficient of variation, 217 
Comparison, 1975 and 976, 2 
Definition, 206 
Reported on all returns, 21 
Reported on joint returns, 25 
Separate returns of husbands and 
wives : 

Classified by tax rates, 116 
Classified by size of 
adjusted gross income, 126-128 
Comparison, 1975 and 1976, 3 
Definition, 207 
Exemptions, 77 
Reported on Form 1040A re- 
turns, 37 

Reported on returns with 
itemized deductions, 62 
Sources of income, 65 
Selected items, 12 
Sources of income, 16 
Sick pay exclusion: 

Computation of adjusted gross 
income, 32 
Definition, 207 
Reported on returns of 
taxpayers age 65 or over, 141 
Joint returns, 144 
Single persons not heads of 
households or surviving spouses, 
returns of: 

Classified by tax rates, 117 
Classified by size of 
adjusted gross income, 133-135 
Comparison, 1975 and 1976, 3 
Definition, 207 
Exemptions, 7 7 
Reported on: 

Form 1040A returns, 37 



Returns with itemized deduc- 
tions, 64 

Sources of income, 65 
Selected items, 15 
Sources of income, 16 
Small Business Corporation net 
profit or loss: 

Classified by size of Small 
Business Corporation net profit 
or loss, 51 

Classified by States, 154 
Comparison, 1975 and 1976, 2 
Computation of adjusted gross 
income, 32 
Definition, 207 
Reported on: 

All returns, 18 
Joint returns, 22 
Nonjoint returns, 16 
Nontaxable returns, 34 
Returns with itemized deduc- 
tions, 65 
Social security taxes on tip 
income : 

Definition, 207 
Reported on all returns, 109 
Sources of income (See specific 
type) 

Sources of the data (See 
Description of the sample) 
Special income averaging method: 
Definition, 207 

Reported on all returns, 93-94 
Standard deduction (See also 
Low-income allowance and 
Percentage standard deduction): 
Classified by size of income 
under alternative income 
concepts, 46-47 
Classified by States, 155 
Coefficient of variation, 216 
Comparison, 1975 and 1976, 55 
Definition, 208 
Reported on: 

All returns, 20 
Joint returns, 24 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 138 

Returns with income subject 
to tax, 89 
State data: 

As classifier, 193 
Classified by size of adjusted 
gross income, 165-192 
Earned income credit, 151 
Exemptions, 159-160 
Itemized deductions, 157-158 
Sources of income, 152-156 
Tax credits and taxpay- 
ments, 161-164 
State income tax refunds: 

Coefficient of variation, 216 
Computation of adjusted gross 
income, 26 
Definition, 208 
Reported on: 

All returns, 19 
Joint returns, 24 
Nonjoint returns, 16 
Returns with itemized deduc- 
tions, 65 
Statutory adjustments: 

Coefficient of variation, 216 
Comparison, 1975 and 1976, 2 



Computation of adjusted gross 
income, 32 
Definition, 208 
Reported on: 

All returns, 20 

Joint returns, 24 

Nonjoint returns, 16 

Nontaxable returns, 34 

Returns of taxpayers age 65 

or over, 138 

Classified by size of 
adjusted gross income, 141 
Joint returns, 144 

Returns with itemized deduc- 
tions, 65 
Stock options (See Tax preferences) 
Surviving spouse returns: 

Classified by tax rates, 115 

Classified by size of 

adjusted gross income, 123-125 
Comparison, 1975 and 1976, 3 
Definition, 208 
Exemptions, 77 
Reported on: 

Form 1040A returns, 37 

Returns with itemized 

deductions, 65 
Selected items, 14 
Sources of income, 16 



Tax computation (See specific type) 
Tax credits (See also specific 
type) : 

Child care credit, comparison 
1975 and 1976, 86 
Classified by size of income 
under alternative income 
concepts, 48-49 
Classified by States, 161-163 
Coefficient of variation, 217 
Comparison, 1975 and 1976, 2 
Credit for the elderly, 146-147 

Comparison, 1975 and 1976, 139 
Definition, 208 
Earned income credit, 105 

Classified by States, 151 
General tax credit, 85 
Reported on: 

All returns, 21 
Form 1040A returns, 40 
Classified by marital 
status, 37 
Joint returns, 25 
Nontaxable returns, 35 
Returns of taxpayers age 65 
or over, 142 

Joint returns, 145 
Returns with income subject 
to tax, 92 
Type, 103-104 
Tax due at time of filing: 
Classified by States, 164 
Coefficient of variation, 218 
Definition, 208 
Reported on: 

All returns, 112 
Form 1040A returns, 41 
Classified by marital 
status, 37 
Returns with tax liability, 111 
Tax from recomputing prior-year 
investment credit: 
Definition, 208 
Reported on all returns, 108 



law changes, VI 
lability (See Total tax 
lity or Total income Tax) 

overpayment (See Overpayment) 

ayments (See also specific 

): 
assified by States, 164 

oefficient of varia- 
217-218 

efinition, 208 

eported on: 
All returns, 110 
Form 1040A returns, 41 

Classified by marital sta- 
tus, 37 
Returns with tax due, 112 
Returns with tax overpay- 
ment, 113 

preferences: 

lassified by size of income 

nder alternative income 

oncepts, 44-45 



ion, 209 
leported on all 



ims, 



lassified by marital status, 
23-135 

lefinition, 193 
larginal tax rates, 114-118 
eported on returns with income 
ubject to tax, 119-122 
rate schedules: 
efinition, 193 
Uustrated, 248-249 
savings (See specific type of 
compu ta t i on ) 

ible income (See also Income 
ect to tax) : 
Uassified by: 
Size of income under 
alternative income con- 
cepts, 48-49 
States, 155 

Reported on returns with 
itemized deductions, 158 
Type of tax computation, 90 
Coefficient of variation, 217 
Comparison, 1975 and 1976, 2 
lumulated, number, per- 
ent, 9-10 
Definition, 209 
Reported on: 

All returns, 21 

Form 1040A returns, 39 

Classified by marital sta- 
tus, 37 
Joint returns, 25 
Nonjoint returns, 11-15 
Nontaxable returns, 35 
Returns of taxpayers age 65 
or over, 138 

Classified by size of 
adjusted gross income, 14 
Joint returns, 144 
Returns with credit for the 
elderly, 147 

Returns with general tax 
credit, 85 

Retuims with income subject 
to tax, 119 

Classified by marital 
status, 123-135 



Individual Returns/ 1976 • Index 

Returns with itemized 
deductions, 60-64 
Returns with maximum tax on 
earned income, 95 
Returns with net gain from 
sales of capital assets, 97 
Taxable returns: 

Classified by size of income 
under alternative income 
concepts, 44-49 
Comparison, 1975 and 1976, 2 
Cumulated, number, per- 
cent, 7-10 
Definition, 194 
Taxes paid deduction: 

As a percent of adjusted gross 
income, 68 

Reported on nontaxable 
returns, 57 
Classified by size of income 
under alternative income 
concepts, 46-47 
Classified by States, 157 
Definition, 208 
Reported on returns of 
taxpayers age 65 or over, 138 
Reported on returns with 
itemized deductions, 58-59 
Taxpayer exemptions: 

Classified by marital status, 77 
Classified by States, 159-160 
Comparison, 197 5 and 1976, 56 
Definition, 205 

Reported on all returns, 72-76 
Total deductions (See also 
Itemized deductions and Standard 
deduction) : 

Coefficient of variation, 216 
Comparison, 1975 and 1976, 55 
Definition, 209 
Reported on: 

All returns, 20 
Form 1040A returns, 39 
Classified by marital 
status, 37 
Joint returns, 24 
Nonjoint returns, 11-15 
Nontaxable returns, 34 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 141 

Joint returns, 144 
Returns with credit for the 
elderly, 147 
Total income tax: 

As a percent of adjusted gross 
income, 9-10 
Average, 9-10 
Classified by: 

Size of income under 
alternative income con- 
cepts, 48-49 
Size of total income 
tax, 98-102 
States, 156 

Classified by size of 
adjusted gross in- 
come, 165-192 
Reported on returns with 
itemized deductions, 158 
Type of exemptions, 72-76 



269 



Coefficient of variation, 217 
Comparison, 1975 and 1976, 2 
Cumulated, number, per- 
cent, 9-10 
Definition, 209 
Reported on: 

All returns, 21 
Joint returns, 25 
Nonjoint returns, 11-15 
Returns filed by dependents 
with unearned income, 71 
Returns of taxpayers age 65 
or over, 138 

Classified by size of 
adjusted gross in- 
come, 142 

Joint returns, 145 
Returns with credit for the 
elderly, 147 

Returns with income subject 
to tax, 92 

Returns with itemized 
deductions, 60-64 
Returns with tax liabil- 
ity, 108 

Total tax liability: 

Classified by States, 156 
Reported on returns with 
income tax before credits, 163 
Coefficient of variation, 217 
Comparison, 1975 and 1976, 2 
Definition, 209 
Reported on: 

All returns, 21 

Form 1040A returns, 41 

Joint returns, 25 

Returns of taxpayers age 65 

or over, 138 

Classified by size of 
adjusted gross in- 
come, 142 
Joint returns, 145 
Returns with credit for the 
elderly, 147 

Returns with tax due, 112 
Returns with tax liabil- 
ity, 108 

Returns with tax overpayment, 
113 



Unearned taxable income (See 
Maximum tax on earned income) 



W 
Work incentive (WIN) program 
credit: 

Classified by States, 163 

Definition, 209 

Reported on returns with income 

tax before credits, 104 



■JG OFF 1 CE> t 979-28 I " 655/ 



STATISTICS 1 QIC 
OF INCOME Itj/U 

INDIVIDUAL 



1 Returns Filed and 
Sources of Income 



2 Deductions and 
Exemptions 



3 Tax Computation 
and Tax Rates 



4 Age 65 or Over; Credit 
for the Elderly 



5 State Data 



H 5 Classifications 
and Terms 



7 Sources, Sample, and 
Limitations of the Data 



8 Forms and 
Instructions 



9 Index 



1976 

Statistics 
cf Income 

tjpplemental 
Fjport 



Individual 

^F[MlDi]i©[M](iDifi©---- 

OCT -7 1880 



ar/ 
Documenta 



t>£POSITUKY 




epartment of the Treasury 



Internal Revenue Service 



Publication 1107(9-80) 



statistics 
of Income 



Other 
Publications 



statistics of Income publications are 
for sale by the Superintendent of 
Documents, U.S. Government Printing 
Office, Washington, DC 20402 



Recent Publications for Sale 

Small Area Data from Individual Income 

Tax Returns, 1974 (447 pp., $6.00) 
Individual Income Tax Returns, 1977 

(286 pp., $7.00) 
Individual Income Tax Returns, 1978 

Preliminary (51 pp., $3.25) 
Corporation Income Tax Returns, 1975 

(235 pp., $6.00) 
Corporation Income Tax Returns, 1976 

Preliminary (26 pp., $1 .75) 
International Income and Taxes, 

Domestic International Sales 

Corporation Returns, 1972-1974 
Sales of Capital Assets Reported on 

Individual Income Tax Returns, 1973 
International Income and Taxes, 

Foreign Tax Credit on Corporation 

Returns, 1968-1972 (184 pp., $3.75) 
International Income and Taxes, 

Foreign Income and Taxes on 

Individual Income Tax Returns, 1975 
International Income and Taxes, 

Foreign Tax Credit on Corporation 

Returns, 1974 
International Income and Taxes, U.S. 

Corporations and their Controlled 

Foreign Corporations, 1968 and 

1972 
Estate Tax Returns, 1976 (68 pp., 

$3.25) 
Personal Wealth Estimated from Estate 

Tax Returns, 1972 (63 pp., $1 .75) 
Fiduciary Income Tax Returns, 1974 (98 

pp., $2.75) 
Business Income Tax Returns, 1976 

(454 pp., $8.00) 
Business Income Tax Returns, 1977 

Preliminary (52 pp., $2.50) 



Publications in Preparation 

Business Income Tax Returns, 1977 
Individual Income Tax Returns, 1978 
Individual Income Tax Returns, 1979 

Preliminary 
Corporation Income Tax Returns, 1976 
Corporation Income Tax Returns, 19771 

Preliminary 
International Income and Taxes, 

Domestic International Sales Corpo 

ration Returns, 1975 
International Income and Taxes, 

Foreign Tax Credit on Corporation 

Returns, 1976 
International Income and Taxes, U.S. 

Corporations and Their Controlled 

Foreign Corporations, 1974 
Private Foundations Exempt from 

Income Tax, 1974 
Small Area Data from Individual Incomt 

Tax Returns, 1976 



The 1976 Individual Retirement Arrangements project is the 
only Statistics of Income study based upon Form 5329 and 
Form 5498. For limited Individual Retirement Arrangement 
data from Form 1040 in years after 1976, see Statistics of In- 
come— 1977, Individual Income Tax Returns and Statistics of 
Income— 1978, Preliminary Individual Income Tax Returns 
listed above. 



976 

satistics 
3 Income 



pplemental 
port 



Individual 



/M'mm^^ 



Publication 1107 (9-80) 



)oartment of the Treasury 
rsrnal Revenue Service 

lejme Kurtz 

^nmissioner 
Viam E.Williams 
)nuty Commissioner 
)i sell E. Dyke 
iiiistant Commissioner 
P nning and Research) 



Statistics Division 

Fritz Scheuren 

Director 

Howie Wilson 

Assistant Director 

Bennett R. Moss 

Chief, Planning and Review Staff 

Robert A. Wilson 

Chief, Statistics of Income Branch I 

John DiPaolo 

Acting Chief, Statistics of Income 

Branch II 

John P. Hiniker 

Chief, Projections and Special Studies 

Branch 

Raymond C. Sansing 

Chief, Mathematical Statistics Branch 

Thomas M. Durkin 

Chief, Operations Branch 



This report was prepared in the Statistics Division 
by Nicl< Greenia and Dan Rosa, of the Business 
and Pension Statistics Section, under the direc- 
tion of John DiPaolo, assisted by Linda Bouchard. 
The initial planning phases for this project were 
coordinated by Dan Skelly. Major contributors in- 
cluded Sylvia Grigg, who was responsible for 
coordinating the data processing and systems 
design with the Data Center in Detroit. Michigan; 
Ray Shadid. who designed the statistical sample; 
and Victor Rehula and Richard Thompson, who 
wrote the manual processing instructions. Other 
contributors included Ruth Wise, who prepared 
the typeset, and Dawn Nester and Lois Mills, who 
typed the text. 

Helen Fletcher, of the Data Center, Detroit, 
Michigan, designed and conducted the computer 
processing. Statistical editing was performed in 
the ten Internal Revenue service centers. 



This report contains data by type of arrangement, source of 
compensation reported on Form 1040, and size of adjusted gross 
income. Data are also provided for arrangements with and without 
contributions. 



Suggested Citation 

Internal Revenue Service 
Supplemental Report 
Statistics of Income— 1976 
Individual Retirement Arrangements 
U.S. Government Printing Office, 
Washington, D.C. 1980 






-1 



Library of Congress Card No. 80-600004 



COMMISSIONER OF INTERNAL REVENUE 
Washington, DC 20224 



August 11, 1980 



rhe Honorable G. William Miller 
Secretary of the Treasury 
Washington, DC 20220 



Dear Mr. Secretary: 

As requested by the Office of Tax Analysis, we have prepared for 
publication the Supptzmzyital Repo-^, StcututA,(U> o{i Incomz--1976, 
Indlv-idixai HzXAAomznt AfiAang&mivt{> . This report, based on a sample 
Irawn fran the 84.8 million individual income tax returns filed during 
Calendar Year 1977, presents data on Individual Retirement Arrangements 
vith and without contributions by type of arrangement , source of 
3anpensation, and size of adjusted gross income. 

With kind regards, 

Sincerely , 




Departrrient ot the Treasury Internal Revenue Service 



Contents 



Introduction, 1 

Requirements for Filing, 1 

Sources of the Data, 2 

Description of the Sample, 2 

Limitations and Qualifications of the Data, 3 

Explanation of Terms, 4 



Text Tables 



Individual Retirement Arrangement Data for 1975 
and 1976, 3 

Individual Retirement Arrangement Data for 
Similar Items from Statistics of Income — 1976, 
Individual Income Tax Returns and Supplemental 
Report, Statistics of Inccme — 1976, Individual 
Retirement Arrangements, 3 



Text Chart 

A. Number of Arrangements and Amount of Contribu- 
tion, Percent Distribution by Size of Adjusted' 
Gross Incane for Returns with Adjusted Gross 
Inocme, 1 

Basic Tables 

1 Individual Retirement Arrangements: Corpensa- 
tion, Contributions, Taxes, and Statement of 
Account, by Type of Funding Arrangement, g 

2 Individual Retirement Arrangements: Conpensa- 
tion, Contributions, and Taxes, by Source of 
Caipensation Reported on Form 1040, 13 

3 Individual Incane Tax Returns With Individual 
Retirement Arrangements: Contributions, Taxes, 
and Adjusted Gross Incane, by Size of Adjusted! 
Gross Income, 25 

1976 Forms and Instructicns, 27 



individual 
Retirement 
Arrangements, 
1976 



INTOODUCTION 

TO ensure that tax benefits similar to those 
already enjoyed by participants in qualified private 
or Government plans might also be afforded people not 
covered by such plans, the Employee Retirement Incane 
Security Act of 1974 (ERISA) created the Individual 
Retirement Arrangement (IRA) . For tax years beginning 
after December 31, 1974, a statutory deduction from 
gross incane not exceeding the lesser of $1,500 or 15 
percent of earned income generally was allowed a 
contribution of the same amount to an individual 
retirement account, individual retirement annuity, 
individual retirement bond, or any combination. 
Taxpayers who violated provisions regarding the 
establishment, maintenance, or distribution of an 
Individual Retirement Arrangement were subject to 
various tax penalties — including possible disqualifi- 
cation of the arrangement itself. See "Explanatic»i of 
Terms" for a definition of each type of arrangement, 
as well as other terms used herein. 

The data in this report are estimates based on all 
Forms 1040 (Individual Inccne Tax Returns) and 
associated Forms 5329 Returns for Individual 
Retirement Savings Arrangements) in the stratified 
sample of individual inocme tax returns obtained 
before audit and used for the publication, StcutliticA 
oi Income.--] 91 6, Indiv-idaal Income. Tax TleXuAm. That 
is, to be included in the Individual Retirement 
Arrangement selection, a Form 5329 first had to be 
appended to a Form 1040 in the Individual Incane 



Chart A 

Number of arrangements and amount of contributions: 
Percent distribution by size of adjusted gross 
income for returns with adjusted gross Incomel/ 




Tax Returns sample. Information from Forms 5498 
(Statements of Account for Participants in Individual 
Retirement Accounts or Annuities) filed with those 
returns was also tabulated for this report. See 
"Description of the Sample" for an explanation of the 
sanple design, method of estimaticxi, ard limitations 
of the data. 

The statistics corprising this report are presented 
in essentially three tables and are cross classified 
as follows: 

1. Type of arrangement: tables 1.1, 1.2, 2.1, 2.2 

2. Nature of earnings or deficit: tables 2.1, 2.2 

3. Presence or absence of contributions: 
tables 1.1, 1.2, 2.1, 2.2 

4. Size of adjusted gross inccme: tables 3.1, 3.2 

5. Joint returns with arrangement for each spouse: 
tables 3.1, 3.2. 

Chart A presents percentage distributions of Indi- 
vidual Retirement Arrangements and contributions to 
Individual Retirement Arrangements by size of adjusted 
gross inccxne. 

The Internal Revenue Code of 1954, as amended for 
Tax Year 1976, provided the legal basis for tax 
activity detailed in this report. 

REQUIREMENTS FCR FILING 

The amount of gross income (all mcney, property, 
and services received but not, by law, expressly 
exempt fron tax) determined whether an individual had 
to file a tax return for Tax Year 1976. 

Filing Form 1040 or 1040A was required by: 

(1) a single person (other than a surviving spouse) 
under age 65 with gross incane of at least 
$2,450; 

(2) a single person (other than a surviving spouse) 
age 65 or over with gross incane of at least 
$3,200; 

(3) a surviving spouse under age 65 with gross 
income of at least $2,850; 

(4) a surviving spouse age 65 or over with gross 
incane of at least $3,600; 

(5) a married couple, neither of whan filed a separ- 
ate return, with both spouses under age 65 and 
a conbined gross income of at least $3,600; 

(6) a married couple with one spouse age 65 or over 
and with a combined gross incane of at least 
$4,350; 

(7) a married couple with both spouses age 65 or 
over and with a combined gross incane of at 
least $5,100; 

(8) a married person (regardless of age) whose 
spouse was filing a separate return (e.g. , to 
obtain a refund of incane tax withheld), if 
that married person had a gross incane of $750 
or more. 



Individual Retirement Arrangements/ 1976 



In additicxi, children claimed as dependents on 
their parents' returns had to file if they had gross 
income of $750 or more and received any "unearned 
incone" (such as dividends, interest, or capital 
gains); self-esnployed persons with "self -employment 
incone" of $400 or more also had to file in order to 
pay self-employment tax. 

Filing Form 5329 peturn for Individual Retirement 
Savings Arrangement) was required for anyone estab- 
lishing an individual retirement arrangement, anyone 
(including the surviving beneficiary) owning an indi- 
vidual retirement account or individual retirement 
annuity whether any contribution was made, and anyone 
notifying the Internal Revenue Service of failure to 
complete the second step of a two-part rollover con- 
tribution. It was also required for anyone claiming a 
deduction for contribution to an individual retirement 
bond and anyone liable for the tax on excess contribu- 
tions or premature distributions with respect to such 
a bond. Form 5329 was required as an attachment to 
Form 1040 (when Form 1040 was required) , and normally 
was due within 3-1/2 months after the close of the 
accounting period (usually the calendar year) plus any 
extensions granted for filing Form 1040. 

Filing Form 5498 (Statement of Account for Partici- 
pants in Individual Retirement Accounts or Annuities) 
was required for the bank, custodian, insurance 
conpany, or mutual fund issuing or administering an 
individual retirement account or individual retirement 
annuity and also for the participant in such account 
or annuity. Copy A was filed with the Internal 
Revenue Service by the issuer or administrator, and 
Copy B was filed as an attachment to Form 5329 by the 
participant. 



SOURCES OF THE DATA 

The data in this report were estimated from Forms 
1040 and 1040A j/. Forms 5329, and Forms 5498 
associated with the 1976 StcutLitlcA oi Income, sample 
of unaudited individual incotie tax returns filed by 
U.S. citizens and residents during Calendar Year 1977 
and processed in the service centers of the Internal 
Revenue Service. Form 5329 had to be present for data 
to be tabulated from the related return and from Form 
5498. The total sample of 164,234 individual incone 
tax returns was systematically selected frcm the 
population of 84,814,549 returns and provided the 
Individual Retirement Arrangement selection consisting 
of 11,093 individual returns, 12,444 Forms 5329, and 
11,922 Forms 5498. 

The estimates in this report are intended to 
represent data for all Forms 5329 filed for Incone 
Year 1976. While the overwhelming majority of irt3i- 
vidual incone tax returns (and attached Forms 5329 and 
5498) processed in 1977 were for Calendar Year 1976, a 
few returns were for non-calendar years ending during 
1976; and some were delinquent returns for prior years. 
Delinquent returns for recent prior years were used 
for the 1976 statistics in place of 1976 returns 
processed for revenue purposes after December 31, 
1977. In general, the characteristics of returns due 
but not yet filed could best be represented by the 
returns for previous income years that were processed 
in 1977. 

All individual incone tax returns processed during 
1977 were subjected to sampling except tentative and 
amended returns. Tentative returns were not subjected 
to sampling because the revised returns may have been 



sampled later on; amended returns were excluded 
because the original returns had already been 
subjected to sampling. 



DESCRIPTION OF THE SAMPLE 



Selection Criteria 

Forms 1040 and 1040A filed and entered into the 
Internal Revenue Service's Individual Master File 
system during 1977 were coiputer-stratif ied into sanple 
classes based on State groupings and on combinations 
of (a) adjusted gross incone or deficit, or the largest 
of specific incone or loss items, and (b) business and 
farm receipts. The State groups were based on the tax 
return population of each State and defined in such a 
way as to secure at least a minimum number of sample 
returns fron each State. The sample of the State group 
was then allocated to financial strata to minimize the 
variance of the estimates. Individual incone tax 
returns with Forms 5329 attached were then manually 
chosen to ccqprise the Individual Retirement Arrange- 
ment selection. 



Method of Estimation 

A separate set of sampling rates (by sample strata) 
for each of five groups of States was prescribed for 
the selection of the individual income tax returr 
sample, the rates varying fron 1 in 2,987 to 1 in 1. 
(See StaXAAtA.c^ oi Income.- -191 6, lnd<,v.idaal Income. Tax 
Rciwuui.] Tne adequacy of the sample selection was 
reviewed, by sample stratum, by applying the prescribed 
rates to the number of individual incone tax returns 
filed with each of the ten Internal Revenue service 
centers. When the actual number of sample returns 
differed significantly fron the expected number, a 
followup was conducted. 

Sampling weights were obtained by dividing the 
number of individual income tax returns filed per 
sample stratum by the number of sanple returns 
actually received for the stratum. All sampling 
weights were then converted to "integer weighting 
factors," which were applied to each sample individual 
income tax return and, hence, to data tabulated fror 
each related Form 5329 and Form 5498. For example, if 
a weight of 44.24 was computed for a stratum, 24 
percent of the sample returns in the stratum were 
Systematically given a weighting factor of 45, and 76 
percent a weight of 44. 



Sampling Variability 

The coefficient of variation is the standard, 
deviation of the estimate expressed as a percent of 
the estimate. When added to and subtracted fron the, 
estimate, one standard deviation provides the ccnputed 
upper and lower limits within which approximately two 
out of three estimates derived from similarly selected 
samples would be expected to fall. Coefficients of 
variation were computed using a sum-of-squares formula, 
for selected frequency and amount estimates, and 
afpear in tables 1.1 and 1.2 of this report. 



1/ Forms 1040A with attached Forms 5329 



ted to Forms 1040 during processing. 



Individual Retirement Arrangeiiients/1976 



Processing Management 



In transcribing and tabulating infonnation fran the 
returns in the Individual Retirement Arrangement 
^lecticn, additional checks were imposed to improve 
the quality of the resulting estimates. Incorrect or 
missing entries were corrected during statistical 
processing to make them consistent with other entries 
on ttie returns, and data also were adjusted during 
editing in an attempt to achieve consistent statis- 
tical definitions. 

Prior to tabulation, numerous coiputer tests were 
applied to each return record to assure that proper 
balance and relationships among return items were 
maintained. Finally, prior to publication, all 
statistics and tables were reviewed for accuracy and 
reasonableness in light of provisions of tax laws, 
taxpayer reporting variations and limitations, eoo- 
nanic ccxiditions, comparability with other statistical 
series, and the statistical techniques used in data 
processing. 



LIMnaTIONS AND QUALIFICATIONS OF THE DATA 

For this report. Forms 5329 and 5498 were subjected 
to essentially the same process as described above in 
"Processing Management." Nevertheless, almost no 
attempt was made to reconcile Individual Retirement 
Arrangement information reported on Form 1040 (i.e., 
payments to an Individual Retirement Arrangement, 
amount of premature distributions, tax on premature 
distributions, tax on excess contributions, and tax on 
underdistributions) with counterpart Individual 
Retirement Arrangement information reported on Forms 
5329 and 5498. Differences in terms employed on the 
returns, as well as the fact that a taxpayer sometimes 
reported different information on Forms 1040, 5329, 
and 5498 for the same Individual Retirement Arrange- 
ment, help account for certain apparent discrepancies 
between figures provided in this report and those in 
StaJuj>tlcyi 0(S Income-- 1976, IncUv-Lciual Income Tax 

In table A the number 
returns with payments to 
Arrangement is different 
inocme tax returns with 
Arrangement because of differences in source documents. 
Forms 1040 were employed to tabulate the former number 
and were counted when valid data existed in the Indi- 
vidual Retirement Arrangement adjustment to income 
item. Since Form 5329 was required whether an Indi- 
vidual Retirement Arrangement contribution was made 
(i.e., an Individual Retirement Arrangement deduction 
taken) or not, however, the number of returns with 
Individual Retirement Arrangement payments—or Forms 
1040 claiming an Individual Retirement Arrangement 
deduction with attached Form (s) 5329— was bound to 
differ fran the number of returns with Individual 
Retirement Arrangements— or Forms 1040 with attached 
Form 5329 but with or without an Individual Retirement 
Arrangement deduction claimed. Similarly, the number 
of Individual Retirement Arrangements with contribu- 
tions could not be obtained by counting the number of 
Forms 1040 claiming an Individual Retirement Arrange- 
ment deduction because a joint Form 1040 could claim 
one combined deduction for two Individual Retirement 
Arrangements. Thus, Form 5329 used in the Individual 
Retirement Arrangement report provides a reliable 
measure of both the number of Individual Retirement 
Arrangements and the number of individual incatie tax 
returns with Individual Retirement Arrangements. 

Table B presents differences in data for like items 
tabulated for the two different reports. Possible 



of individual 
an Individual 
fron that of 
an Individual 



Lncome tax 
Retirement 
individual 
Retirement 



Table A.-Indi 
1975 and 1976 



idual Retirement Arrangement Data for 



[All figures are estimates based on samples — money 
amounts are in thousands of dollars] 



Item 


1975 


1976 


Number of returns with Indi- 








vidual Retirement Arrange- 








ments 


(^) 


1,723 


982 


Number of Individual Retire- 








ment Arrangements with and 








without contributions 


(1) 


1,873 


750 


Number of Individual Retire- 








ment Arrangements with con- 










(^) 


1,763 


313 


Number of returns with pay- 








ments to Individual Retire- 








ment Arrangements (includes 








joint returns with Individ- 








ual Retirement Arrangement 








for each spouse) 


21,211,794 


h,MQ 


975 


Contributions to Individual 








Retirement Arrangements 


21,436,443 


1,969 


934 



Not tabulated. 

Based on tabulations of payments to Individual 
Retirement Arrangement from Form 1040 by S-tatc6-tic4 0(i 
Income-- 1 975, lndivi.dual Income. Tax ^ztuMU,. 

Based on tabulations of payments to Individual 
Retirement Arrangement from Form 1040 by S.fatc6i<.C6 0)i 
Income-- 1 976, ImiLvAjiaal Incomt Tax RetuAn6. 



Table B. --Individual Retirement Arrangement Data for 
Similar Items from Statistics of Income--1976, Indi- 
vidual Income Tax Returns and Supplemental Report, 
Statistics of Income--1976, Individual Retirement 
Arrangements 



[All figures are estimates based on sample 
amounts are in thousands of dollars] 



ley 



Contributions to Individual 
Retirement Arrangements.... 



Tax on premature distribu- 
tions 



Tax on excess contributions. 



Individual 
Report 



Supplemental 
Report 



568 
2,082 



explanations for 
following: 



such discrepancies include the 



(1) Contributions. 



Again, the Individual Retirement Arrangement report 
relied essentially upon Form 5329, whereas, the Indi- 



Individual Retirement Arrangements/ 1976 



vidual report was based ipcxi Form 1040. If a contribu- 
tion of $1,500 was reported on Form 5329 but a deduc- 
tion of only $1,200 was allowed en the related Form 
1040, no attempt was made to equate the two amounts. 

Also, two- arrangement joint returns with a oanbined 
Individual Retirement Arrangement deduction equal to 
or less than $1,500 but entered in full on each 
attached Form 5329, would help account for the Individ- 
ual Retirement Arrangement report's aggregate figure 
for contributions exceeding that of the Individual 
report. 

(2) Tax on Excess Contributions. 

A two-arrangement joint return' s conbined tax on 
excess contributions reported once on Form 1040 but 
again for each attached Form 5329 would have resulted 
in some double counting and help explain why the 
Individual Retirement Arrangement report's figure 
exceeds that of the Individual report. 

(3) Tax on premature Distribution. 

During processing in Internal Revenue service 
centers a number of Forms 1040 was encountered with 
information for taxes on premature distributions but 
without either an attached Form 5329 as required or 
even any back-up attachment. Because of this occur- 
rence, it is possible that same Forms 1040 continued 
on through subsequent processing with only information 
for taxes on premature distribution but no acconpanying 
Form 5329. These returns would help explain why the 
Individual report's figure exceeds that of the Indi- 
vidual Retirement Arrangement report. 

Again, the fact that taxpayers sanetimes reported 
Individual Retirement Arrangement information on Form 
1040 differing from that on Form 5329 or Form 5498 
would help explain discrepancies for all three items 
above. 

The amount of underdistributions and the tax on 
this amount (iee. "Underdistribution" ) were not tabu- 
lated for the Individual Retirement Arrangement report 
because only two years (1975 and 1975) had passed since 
the creation of the Individual Retirement Arrangement 
in 1974, and insufficient data were anticipated. The 
same short time period also seems to account for the 
scarcity of data in sane categories originally speci- 
fied for separate extraction from the Individual 
Retirement Arrangement selection, and necessitated 
aggregation. 



EXPLANATION OF TERMS 

Explanations of terms are designed to aid the user 
in interpreting the statistical content of this report 
and should not be construed as interpretations of the 
Internal Revenue Code or related regulations, proce- 
dures, or policies. Code sections cited were those in 
effect for 1976. 



Adjusted Gross Ir 



(Deficit) 



This amount was abstracted from the Form 1040 to 
which a Form 5329 was attached. In general, adjusted 
gross income less deficit was the result of reducing 
gross income from all sources subject to tax by 
adjustments to incone (such as employee business and 
moving expenses and caitributions to an Individual 
Retirement Arrangement) and by the ordinary and 
necessary expenses of operating a trade or business. 
A deficit was possible if allowable deductions or 
losses exceeded gross incone. 



In tables 3.1 and 3.2, "returns with adjusted gross 
income" were limited to those on which a positive 
entry was present for this item, whereas "returns with 
and without adjusted gross income" also included those 
with a zero or deficit entry. 



All Other Conbinations of Net Income and Deficit 
From More than One Form of Business Organization 

This source of cotpensation was obtained fron 
the Schedule C (Profit or Loss from Business or Pro- 
f essicn) , Schedule E (Supplemental Incone Schedule) , 
or Schedule F (Farm Incone and Expenses) attending the 
Form 1040 to which a Form 5329 was attached, and con- 
sisted of at least one positive and one negative entry 
in the following items when salaries and wages was 
zero: sole proprietorship net incone or deficit, 
partnership net incone or deficit, ard net income or 
deficit from Small Business Corporations electing to 
be taxed through shareholders. 



Both Salaries and Wages and Business 
Net Income or Deficit 

This source of compensation was obtained from 
the Schedule C (Profit or Loss from Business or Prch- 
fession) , Schedule E (Supplemental Income Schedule) , 
or Schedule F (Farm Income and Expenses) and the Form 
1040 to which a particular Form 5329 was attached, and 
consisted of a positive amount present for salaries 
and wages plus the non-zero sum of sole proprietorship 
net incone or deficit plus partnership net income or 
deficit plus net income or deficit from Small Business 
Corporations electing to be taxed through shareholders. 
Business net income existed when this last sum was 
greater than zero, business deficit when it was less 
than zero. For returns with zero business net income, 
me. "Salaries and Wages." 



Combinations of Accounts, Annuities, and Bonds 

This category consisted of any of the following 
ccanbinations of arrangement types: account, annuity, 
and bond; account and annuity; account and bond; or 
annuity and bond. 



Compensation 

This item was reported on Form 1040 in several 
entries, and was obtained fron Form 5329 in the 
aggregate as compensation or earned incone. It 
consisted of wages, salaries, professional fees and 
other amounts received for personal services, as well 
as earnings from self -employment (such as sole proprie- 
torship net income, pai'tnership net incone, and net 
income from Small Business Corporations electing to be 
taxed through shareholders). Receipts from property 
(e.g. , interest, rents, and dividends) and remunera- 
tion excluded from gross income (such as that received 
from sources outside the U.S.) were not considered 
compensation for purposes of computing the allowable 
Individual Retirement Arrangement deduction. 



Contributions 

A statutory adjustment to gross income was allowed 
an eligible person for a contribution to an Individual 
Retirement Arrangement limited to the lesser of $1,500 
or 15 percent of earned income. 



Individual Retirement Arrangenients/1975 



Contributions by or on behalf of a participant were 
tabulated frcm both Form 5329 and Form 5498. Those 
from Form 5329 consisted of allowable statutory 
contributions, as well as excess contributions; but 
not rollover contributions, portions allocable to the 
life insurance part of an endowment contract, or the 
purchase price of any individual retirement bond 
redeemed within twelve months of its issuance date. 
(Each of these terms is described under its own 
heading. ) 

Contributions tabulated from Form 5498 consisted of 
a regular contribution component, as well as a roll- 
over contribution component. Excess contributions, 
allowable statutory adjustments, and the portion 
allocable to the purchase of life insurance for an 
endownent contract constituted the regular contribution 
j«rt. 



Distributions 

The amount of distributions from Individual Retire- 
ment Arrangements was tabulated frcan Form 5498 in con- 
junction with the reason for distribution as reported 
on both Form 5498 and Form 5329. Accordingly, distri- 
butions were due to: 



(1) Age. 



A distribution due to age was made from an arrange- 
ment to a participant older than age 59-1/2. 



(2) Disability. 

A distribution due to disability was made from an 
arrangement to a participant younger than age 59-1/2, 
but did not constitute a premature distribution. 

(3) Death. 

I A distribution due to death was made from an 

[ arrangement to the beneficiary of a participant younger 

! than age 59-1/2, but did not constitute a premature 

' distribution. 

(4) Other and Not Reported. 

These distributions were made from an arrangement 
to participants younger than 59-1/2 and included trans- 
' fers of arrangements incident to divorce settlanents, 
' withdrawals of excess contributions, premature distri- 
: butions, and distributions of an arrangement upon 
i disqualification due to prohibited transactions by the 
. arrangement owner. Also included was the portion of a 
I rollover contribution from one arrangement to another 
I used to purchase the insurance portion of an endowment 
i contract, but considered distributed and thus not part 
I of a tax-free rollover contribution. 

(5) Rollover. 

See "Rollover Contribution." 



Earned Income 



See "Condensation." 



Endowment Contract 



Generally, an endowment contract was a type of indi- 
vidual retirement annuity, consisting of a life insur- 



ance coiponent and a retirement savings component. 
Most often, it was a type of whole life insurance con- 
tract in which contributions towards the retirement 
savings portion were deductible, whereas those for the 
life insurance portion v/eie not. 

Usually, distribution frcm this type of arrangement 
was after sane designated number of years and could 
take the form of a lump-sura payment or annuity pay- 
ments. Nevertheless, neither form of distribution 
could have begun before age 59-1/2, or else it would 
have risked incurring the penalties imposed upon a 
premature distribution. See citio "Life Insurance 
Cost." 



Excess Contributions 

A contribution made by an Individual Retirement 
Arrangement owner after age 70-1/2, the portion of an 
Individual Retirement Arrangement owner's contribution 
exceeding the allowable deduction, and a contribution 
to an Individual Retirement Arrangement by an ineli- 
gible person (such as that by a qualified retirement 
plan participant) were all considered excess contribu- 
tions and subject to a cumulative excise tax of 6 
percent of the excess contribution amount. If the 
excess contribution amount and any net income attribu- 
table to it were withdrawn before the due date of the 
taxpayer's individual income tax return, the excess 
contribution was subject only to the excise tax, while 
the net income from it was subject to ordinary tax 
rates as part of adjusted gross income. 

If the excess contribution was not withdrawn before 
the due date of the Individual Retirement Arrangement 
owner's tax return and the owner was younger than age 
59-1/2, the excess coitribution amount and any net 
income from it were taxable as ordinary income and as 
a premature distribution. The prematurely distributed 
portion was subject to a 10 percent penalty tax, the 
excess contribution portion to the 6 percent excise 
tax. 



Excise Tax on Excess Contributions 

Each excess contribution was subject to a cumulative 
excise tax of 6 percent of the excess contribution 
amount. See a£.6o "Excess Contributions". 



Individual Retirgnent Account 

An individual retirement account was a type of 
arrangement administered as a domestic trust by a bank 
or as a custodial account (also treated as a trust) by 
someone in a trustee capacity, in which no funds were 
allowed to be invested in life insurance contracts or 
coraningled with other property except in a common trust 
fund or coimwn investment fund. The individual's 
entire interest in the account was nonforfeitable, but 
distribution of at least part of the account had to 
begin no later than the end of the taxable year in 
which age 70-1/2 was attained. 

Taxpayers' confusion of the term "individual 
retirement account" with the generic "Individual 
Retirement Arrangement" might help explain why tables 
1.1 and 1.2 report life insurance costs paid by more 
individual retirement accounts than individual retire- 
ment annuities. Most of these, if not all, were 
probably individual retirement annuities, in fact. 
Such misunderstanding also might mean that the number 
of individual retirement accounts and associated 
information are overstated, while those for individual 



Individual Retirement Arrangements/1976 



retirement annuities and bonds are understated. See 
cdjsO "Individual Retirement Arrangement", "Individual 
Retirement Annuity", and "Life Insurance Cost." 



Individual Retirement Annuity 

An individual retirement annuity was an arrangement 
consisting of an annuity contract or an endowment 
contract administered by an insurance or mutual funds 
company. It was nontransferable by the owner, non- 
forfeitable, and was allowed a maximum premium of 
$1,500 (including any amount used to purchase life 
insurance). The amount of premium used to buy life 
insurance was not deductible as an adjustment to 
income, but the savings component was, as long as it 
did not exceed $1,500 or 15 percent of earned income. 
Any refund of premiums had to be applied before the 
close of the calendar year following the year of refund 
towards future premiums or the purchase of more bene- 
fits. See oi-io "Individual Retirement Arrangement," 
"Individual Retirement Account," and "Life Insurance 
Cost." 



averaging and the retirement income credit. Distribu- 
tion rot begun by age 70-1/2 was subject to taxation 
at an excise tax rate of 50 percent of that portion 
deemed by regulations prescribed by the Secretary of 
Treasury or his delegate to be underdistributed. 

Distributions to a participant before the taxable 
year in which age 59-1/2 was attained for other than 
death, disability, transfer subsequent to a divorce 
settlement, individual retirement bond redempticn 
within one year of issuance, or rollover contribution 
were treated as premature distributions and were 
subject to a penalty tax of 10 percent of the amount 
so distributed, in addition to kDeing taxed as ordinary 
incone. The disallowed portion of an excess contribu- 
tion, in addition to being taxed at the excise rate of 
6 percent, could also have been taxed as a premature 
distribution amount if received before age 59-1/2, 
and, as such, taxed as ordinary income as well. Also, 
if disqualified for prohibited transactions, the 
entire Individual Retirement Arranganent was deemed 
distributed, and, if before age 59-1/2, was treated as 
a premature distribution and taxed accordingly. (See 
the appropriate heading for a separate treatment of 
each type of Individual Retirement Arrangement.) 



Individual Retirement Arrangement 

An Individual Retirement Arrangement (IRA) was an 
individual retirement savings plan taking the form of 
an account, annuity, bond, or sane combination of 
these. It was available to a person not actively 
participating in a qualified retirement plan; a Federal 
plan; a plan of a State, political subdivision, agency, 
or instrumentality of a State; or tax-exempt annuity 
plan as described in section 403 (b) of the Internal 
Revenue Code. Participation in social security and 
railroad retirement plans did not preclude a person 
from participating in an IRA. 

A maximum deduction from gross incotie of the lesser 
of $1,500 or 15 percent of earned incone was allowed 
an Individual Retirement Arrangement contribution 
(other than a rollover contribution), in addition to 
the standard deduction. Community property laws did 
not apply to the deduction, however, meaning that each 
spouse could claim a deduction or maintain an Indi- 
vidual Retirement Arrangement with respect to only his 
or her separate earned income. 

If made by an employer for an employee, contri- 
butions to an Individual Retirement Arrangement (other 
than rollover contributions) were deductible by the 
employer, includable in the errployee's income, subject 
to social security taxes (FICA) and unemployment taxes 
(FOTA), but also deductible by the enployee. Unlike 
an employer maintaining a Keogh plan, however, an 
employer maintaining an Individual Retirement Arrange- 
ment or himself or herself was not required to cover 
other employees with Individual Retirement Arrangements 
of their own. 

Contributions by ineligible or disqualified partici- 
pants (,ice "Prohibited Transaction"), those in excess 
of the allowable deduction, or those made after the 
Individual Retirement Arrangement owner reached age 
70-1/2, were deemed excess ccntributions and were 
subject to an excise tax of 6 percent of the excess 
contribution portion and, under certain circumstances, 
ordinary tax rates as well. (See "Excess Contri- 
butions.") 

Distributions from an Individual Retirement 
Arrangement had to begin in the taxable year an 
Individual Retirement Arrangement cwner attained age 
70-1/2, and were taxed in full as ordinary income 
ineligible for ten year forward averaging or capital 
gains treatment but eligible for special inccsne 



Individual Retirement Bond 

An individual retirement bond was an arrangement 
consisting of one or more bonds issued under the 
Second Liberty Bond Act and was nontransferable. 
Interest was payable only upon redemption, but none 
was paid if a bond was redeemed within one year of the 
issue date. If such an early redemption occurred 
before age 59-1/2, however, it was not considered a 
premature distribution, and, if no deduction was 
allowed the registered cwner for the bond's purchase, 
the proceeds of such redemption were excluded fran 
gross incone. 

Individual retirement bonds ceased to accrue in- 
terest on the earlier of (a) the date the registered 
owner attained age 70-1/2, or (b) 5 years after the 
date of the registered owner's death but not later 
than the date age 70-1/2 would have been attained. 
See tttio "Individual Retirement Arrangement" and 
"Individual Retirement Account." 



Life Insurance Cost 

This item was obtained from Form 5498 and tabulated 
as the portion of contributions or premiums allocated 
for the purchase of life insurance for certain indi- 
vidual retirement annuities. This annual amount was 
included in the $1,500 maximum limit set for contribu- 
tions to this type of Individual Retirement Arrange- 
ment, but was not deductible for tax purposes. 

Although data for this item should have appeared 
for individual retirement annuities only, tables 1.1 
and 1.2 also indicate their presence for individual 
retirement accounts and bonds. A possible explanation 
is that taxpayers, dissatisfied with the "front- 
loading" costs of life insurance arrangements, 
terminated their individual retirement annuities, and 
subsequently converted them to individual retirement 
accounts or bonds \j-ijx rollover contributions. Thus, 
type of arrangement at the year's end would have been 
individual retirement account or bond, but life 
insurance costs paid earlier in the year would have 
been reported for the now defunct individual retire- 
ment annuity. See a.ti,o "Individual Retirement 
Account" and "Individual Retirement Annuity." 



idual Retirement Arrangenients/1976 



Net Earnings or Expenses of Arrangement 

This net amount was obtained from Form 5498 and, 

if positive, indicated the Individual Retirement 

Arrangement's net earnings or incane for the year; if 
negative, it indicated the Individual Retirement 

Arrangement's net expenses or deficit. Net total 

earnings of the arrangement was then obtained by 

combining the aggregated net earnings and net expenses 
figures. 



Penalty Tax on Pranature Distributions 

Each premature distribution was subject to a 
penalty tax of 10 percent of the amount prematurely 
distributed. The total amount of this penalty tax was 
obtained by tabulating the figures reported on Form 
5329 for this item by the Individual Retirement 
Arrangement owner. 



Premature Distribution 



Net Inocnie or Deficit f rem More than 
One Form of Business Organization 

This source of ccrpensation was obtained fron the 
Schedule C (Profit or Loss from Business or profes- 
sion) , Schedule E (Supplemental Incane Schedule) , or 
Schedule F (Farm Incane and Expenses) and the Form 
1040 to which a Form 5329 was attached, and consisted 
of amounts present for at least two of the following 
items when salaries and wages was zero: sole proprie- 
torship net income or deficit, partnership net income 
or deficit, and net income or deficit from Small 
Business Corporations electing to be taxed through 
shareholders. Net income resulted when none of these 
entries was negative; a deficit resulted when ncxie was 
positive. 



A premature distribution was any distribution frcm 
an Individual Retirement Arrangement to an owner or 
beneficiary before the cwner attained age 59-1/2 
except when due to disability, death, redemption of an 
individual retirement bond within one year of its 
issuance, distribution of an Individual Retirement 
Arrangement as part of the rollover contribution 
process, the withdrawal of an excess contribution 
amount prior to the due date of an owner's individual 
tax return, or the transfer of an Individual Retire- 
ment Arrangement from one spouse to the other 
subsequent to a divorce settlement. 

The amount of premature distribution was subject to 
a penalty tax of 10 percent and was also taxable as 
ordinary income. 



Prohibited Transaction 



(1) Arrangements. 

This figure indicates the number of Forms 5329 
filed by people maintaining Individual Retirement 
Arrangements. Each form represented one Individual 
Retirement Arrangement. 

(2) Arrangements Receiving Transfers from Other 
Arrangements. 

This figure indicates the number of Forms 5329 
reporting a rollover contribution from one type of 
Individual Retirement Arrangement to another. 

(3) Arrangements Receiving Transfers from pension 
or Profit-Sharing plans. 

This figure indicates the number of Forms 5329 
reporting a rollover contribution from a qualified 
pensiOTi, profit-sharing or stock bonus plan to an 
Individual Retirement Arrangement. 

(4) Arrangements With prohibited Transactions. 

This figure represents the number of Forms 5329 
reporting a prohibited transaction such as borrowing 
frcm an Individual Retirement Arrangement or pledging 
part or all of an Individual Retirement Arrangement as 
security for a loan. 



Partnership Net Incane or Deficit 

This source of cotrpensation was obtained from the 
Schedule E (Supplemental Income Schedule) filed with 
the Form 1040 to which a Form 5329 was attached, and, 
v*en tabulated alone, consisted of an amount present 
for only the partnership itan when salaries and wages, 
sole proprietorship net incane or deficit, and small 
business corporation net inoane or deficit all were 
zero. Positive amounts were tabulated as partnership 
net income, negative amounts as partnership deficit. 



A prohibited transaction included any direct or 
indirect sale, exchange, loan or leasing of Individual 
Retirement Arrangement assets between an Individual 
Retirement Arrangement owner and a disqualified 
person, as well as an owner's pledging part or all of 
the arrangement as security for a loan, an owner's 
borrcwing from the arrangement, or any other use of 
Individual Retirement Arrangement assets or income for 
personal consideration by a disqualified person. 

Such prohibited transaction could have caused the 
Individual Retirement Arrangement's loss of tax exanp- 
tion as of the first day of the taxable year in which 
the prohibited transaction occurred. In additicxi, the 
entire Individual Retirement Arrangment (including all 
assets and income) was considered distributed as of 
that date and subject to taxation as ordinary income, 
as well as taxation as a premature distribution if the 
Individual Retirement Arrangement owner was under age 
59-1/2 at the time of distributiai. 



Rollover Contribution 

Rollover contributiais were of two types and were 
tax-free when certain requirements were met. The 
first type of rollover contribution ccnsisted of the 
transfer of a participant's entire interest in a quali- 
fied pension, profit-sharing, or stock bonus plan to 
an Individual Retirement Arrangement other than an 
endowment contract. This amount (less any amounts 
contributed to the qualified plan by the participant 
but not received in prior years) was not taxed if 
transferred to an Individual Retirement Arrangement 
within 60 days of distribution to the participant and 
if: 

(1) the source of such distribution was a plan 
terminated by the participant's employer or a profit- 
sharing or stock bonus plan to which contributions 
were discontinued, and the entire distribution to the 
participant was received during oie taxable year; or. 



Individual Retirement Arrangements/ 1976 



(2) the participant received within one taxable 
year a lump-sum distribution of his or her entire 
interest in a qualified pension, profit-sharing, or 
stock bonus plan; this distribution occurred before 
age 59-1/2 or upon termination of employment; and the 
recipient of such distributicn had been a plan parti- 
cipant for five or more years before the taxable year 
in which it was received. 

The second type of tax-free rollover contribution 
consisted of the distribution of any or all of a 
participant' s interest in one type of arrangement ard 
its subsequent transfer to another (other than an 
endowment ccntract) within 60 days of such distribu- 
tion, provided that such a rollover contribution did 
not occur more often than once every three years after 
December 31, 1974. If it did occur more often, it was 
subject to premature distribution treatment if the 
participant was under age 59-1/2 and excess contribu- 
tion treatment if it exceeded the allowable deduction. 

If non-lump sum distribution from a qualified plan 
occurred on or after July 4, 1974, but before November 
2, 1976, it still could have qualified for tax-free 
status as a rollover contribution if: 

(1) it was distributed to the plan participant 
within one taxable year, and 

(2) it was fron a terminated qualified plan or a 
qualified profit-sharing or stock bonus plan for which 
employer coitributions had ceased, and 

(3) it was contributed in full (less any employee 
contributions not previously distributed) to an 
Individual Retirement Arrangement on or before 
December 31, 1976. 



Salaries and Wages 

This source of corpensation was obtained fron the 
Form 1040 to which a Form 5329 was attached and, when 
tabulated alone, consisted of an amount present for 
only the salaries and wages item when sole proprietor- 
ship net income or deficit, partnership net income or 
deficit, and net incone or deficit fron Small Business 
Corporations electing to be taxed through shareholders 
were zero. 



Small Business Corporation Net Incone or Deficit 

This source of conpensation was obtained from the 
Schedule E (Supplemental Incone Schedule) filed with 
the Form 1040 to which a Form 5329 was attached and, 
when tabulated alone, consisted of an amount present 
for only Small Business Corporation net income or 
deficit when salaries and wages, sole proprietorship 
net incone or deficit, and partnership net incone or 
deficit were zero. Positive amounts constituted net 
incone for Small Businesss Corporations electing to be 
taxed through shareholders; negative amounts consti- 
tuted deficit. 



Sole Proprietorship Net Incone or Deficit 

This source of conpensation was obtained fron the 
Schedule C (Profit or Loss from Business or Profession) 
or Schedule F (Farm Income and Expenses) filed with 
the Form 1040 to which a Form 5329 was attached and, 
when tabulated alone, consisted of an amount present 
for only business net income or deficit and/or farm 
net incone or deficit when salaries and wages, partner- 
ship net income or deficit, ard net incone or deficit 
fron Small Business Corporations electing to be taxed 
through shareholders were zero. 



If the sum of these two items was positive, sole 
proprietorship net income was tabulated; if it was 
negative, sole proprietorship deficit was tabulated. 

Source of Conpensation 

See the particular source such as "Sole Proprietor- 
ship Net Incone or Deficit," "Salaries and Wages," etc. 



Statement of Account 

The bank, custodian, insurance company, or mutual 
fund administering an individual retirement account or 
aruiuity was required to coiplete Form 5498 Statement 
of Account for Participants in Individual Retirement 
Accounts or Annuities) and send it to the Individual 
Retirement Arrangement participant for attachment to 
Form 5329. 

Data tabulated from this form, or in conjunction 
with it and Forms 1040 and 5329, included the 
following: 

(1) number of arrangements with a Form 5498; 

(2) value of the arrangement at the beginning and 
end of the year; 

(3) contributions to the arrangement, composed of 
regular and rollover contributions; 

(4) distributions from the arrangement and reasons 
for the same when the participant was younger than age 
59-1/2; 

(5) net earnings or expenses of the arrangement; 
and 

(6) amount of contributions attributed to life 
insurance cost. 



Total Income Tax 

This item was obtained fron the Form 1040 to which 
a Form 5329 was attached, and was the sum of "income 
tax after credits" and the additional tax for tax 
preferences (minimum tax) . 



Transfer 

For "transfer from pension or profit-sharing plan 
to arrangement" or "transfer from arrangement to 
arrangement," i>e,z "Rollover Contribution." 

The transfer of an Individual Retirement Arrange- 
ment from one spouse to the other subsequent to a 
divorce settlement was neither taxable nor a rollover 
contribution. 



Underdistribution 

Distribution not begun by age 70-1/2 was subject to 
taxation at an excise tax rate of 50 percent of that 
portion deemed by regulations prescribed by the 
Secretary of the Treasury or his delegate to be 
underdistributed. 



Value of Arrangement 

"Value of arrangement (beginning of year)" was the 
total fair market value of the arrangement at the 
beginning of the year as reported on Form 5498. The 
result of net total earnings or expenses of the 
arrangement added to or subtracted from this amount 
provided "value of the arrangement (end of year)." See 
al.io "Net Earnings or Expenses of Arrangement." 



Individual Retirement Arrangements/ 1976 





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