Income 1932
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Transcript of Income 1932
U.S. TREASURY DEPARTMENTBUREAU OF INTERNAL REVENUE
STATISTICS OF INCOMEFOR 1932
COMPILED FROM INCOME TAX RETURNS AND
INCLUDING STATISTICS FROM ESTATE TAX RETURNS
AND GIFT TAX RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUEBY THE
STATISTICAL SECTION, INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1934
For sale by the Superintendent of Documents, Washington, D.C. Price 20 cents (paper cover)
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CONTENTSPag*
Official transmittal 1-62GENERAL EXPLANATIONS 1-5
Returns tabulated 1-2General definitions 3Industrial classification 4Geographic distribution 4Comparability with previous reports 5
INCOME-TAX RETURNS
INDIVIDUAL INCOME-TAX RETURNS:Number of returns, net income, and tax 5Simple and cumulative distribution, by net income classes, of number
of returns, net income, and tax 5-6Classification by sex and family relationship 7Net income exempt from normal tax 8Capital net gains and losses 8-9Net loss for prior year, 1922 to 1932 9Sources of income and deductions 9-13
Amounts and percentages 10By net income classes 11-12Percentage distribution by net income classes 12-13
Frequency distribution by size of specific items of income and deduc-tions, returns of net income of $5,000 and over 13-14
Net profit from business, returns of net income of $5,000 and over, bymajor industrial groups 15
Taxes paid other than Federal income tax and interest paid, returns ofnet income of $5,000 and over 16
Wholly and partially tax-exempt obligations, returns of net income of$5,000 and over, by net income classes 17-19
Returns on Form 1040 with no net income 20By deficit classes 20Sources of income and deductions 20
Number of returns by counties, cities, and townships 21PARTNERSHIP RETURNS OF INCOME 21CORPORATION INCOME-TAX RETURNS:
Number of returns, net income or deficit, and tax 21By major industrial groups 21-24By net income and deficit classes 25
Net loss for prior year, 1922 to 1932 26Income and profits taxes paid to foreign governments or possessions of
the United States 26Dividends paid, 1922 to 1932 . . . 26-27Compiled receipts and statutory deductions . _ _ 27-28
Corporations submitting and not submitting balance sheets 28Assets and liabilities 29-32
Corporations submitting balance sheets, returns with net incomeand no net income 30
Number of corporation returns filed and number of balance sheetstabulated by net income and deficit classes 30
Assets and liabilities and compiled receipts and statutory deductionsby size of total assets 31-32
Returns showing net income and no net income- 32Consolidated returns 33-35
By major industrial groups 34By net income and deficit classes. -__ 35By number of subsidiaries 35
Fiscal year returns 36By months ending the fiscal year 36By net income and deficit classes 36
Part year returns 1 37m
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IV CONTENTS
HISTORICAL SUMMARIES (37-49:)Individual income-tax returns: Page
Number of returns, net income, tax before tax credits, tax creditsand tax, 1913 to 1932 38
Number, by net income classes, 1914 to 1932 39Net income, by net income classes, 1916 to 1932 40Tax, by net income classes, 1916 to 1932 41Average rate of tax on net income, by net income classes, 1916
to 1932 42Sources of income and deductions, 1916 to 1932 43-46
All returns 43-44Returns of net income of $5,000 and over 44-46
Corporation income-tax returns:Total number, number and percent with net income and no net
income, gross income, net income, deficit, and tax, 1909 to1932 47
Number of returns, net income and deficit, by net income anddeficit classes, 1929 to 1932 48
Returns submitting balance sheets, showing number of balancesheets and major items of assets and liabilities, 1926 to 1932__ 49
ESTATE-TAX RETURNSESTATE-TAX RETURNS:
General explanations 50-51Table 1. Resident decedents. Number of returns, gross estate, deduc-
tions, net estate and tax, by net estate classes 52—55Table 2. Resident decedents. By States and Territories 56Table 3. Resident decedents. By net estate classes 57Table 4. Historical summary—Resident and nonresident decedents,
1916 to 1933 58
GIFT-TAX RETURNSGIFT-TAX RETURNS:
General explanations 58-59Table 1. Gift-tax returns by net gift classes 60Table 2. Gift-tax returns by total gift classes 61
BASIC TABLES (INCOME-TAX RETURNS)
INDIVIDUAL INCOME-TAX RETURNS (1-11):United States in aggregate (1-8, 8a, 10, 11):
1. By States and Territories : 652. By net income classes 66—673. Simple and cumulative distribution, by net income classes. _ 68-704. Sex and family relationship, by States and Territories 71-725. Sex and family relationship, by net income classes 73-746. Sources of income and deductions, by States and Territories. 75-767. Sources of income and deductions, by net income classes 77-788. Taxes paid other than Federal income tax and interest paid,
by States and Territories, returns of net income of $5,000and over 79
8a. Taxes paid other than Federal income tax and interest paid,by net income classes, returns of net income of $5,000 andover; also historical summary 1927-1931 80
10. Returns on form 1040 with no net income, number and de-ficit, by States and Territories 131
11. Returns on form 1040 with no net income, sources of incomeand deductions, by deficit classes 131
States and Territories separately (9):9. By net income classes with historical summary, 1922 to 1931-81-130
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CONTENTS V
CORPORATION INCOME-TAX RETURNS (12-19):United States in aggregate (12-18): Page
12. By States and Territories 134-13513. Compiled receipts and statutory deductions, by major in-
dustrial groups:All returns 136-139Returns showing net income 140-143Returns showing no net income 144-147
14. By major industrial groups and subgroups 148-15315. Returns submitting balance sheets showing assets and liabil-
ities, and compiled receipts and statutory deductions,by major industrial groups, and by returns with netincome and no net income 154—159
16. Returns submitting balance sheets, showing assets and lia-bilities and compiled receipts and statutory deductions,by total assets classes:
All returns submitting balance sheets 160-161Returns showing net income 162-163Returns showing no net income 164-165
17. Returns submitting balance sheets by major industrialgroups and by total assets classes, showing certain itemsof assets and liabilities and certain items of receipts 166—182
18. By major industrial groups for returns with net incomeand no net income, 1923 to 1932 183-187
States and Territories separately (19):19. Historical summary, 1923 to 1932 188-198
REVENUE ACTS OF 1909 TO 1932—SYNOPSIS OF INCOME- AND PROFITS-TAX RATES, ESTATE- AND GIFT-TAX RATES, CREDITS AND EXEMP-TIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICSOF INCOME"
INDIVIDUAL:Required to file returns, personal exemption, credit for dependents,
and normal tax rates 202-205Surtax rates 206-207Supplemental income-tax rates and tax credits 208-209
CORPORATION:Income- and profits-tax rates, exemptions, and credits 210—213
ESTATE TAX:Rates, specific exemptions, and credits against estate tax 214-215
GIFT TAX:Rates, and specific exemptions 216
INCOME-TAX FORMS:Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1932 217-233
INDEX 235-255
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STATISTICS OF INCOME FOR 1932
TREASURY DEPARTMENT,OFFICE OF COMMISSIONER OF INTERNAL REVENUE,
Washington, D.C., November 7, 1934.SIR: In accordance with the provisions contained in the Revenue
Act of 1916 and subsequent acts for the publication annually of statis-tics with respect to the operation of the income, war-profits, andexcess-profits tax laws, I have the honor to transmit herewith a reportentitled " Statistics of Income for 1932," prepared from the income-tax returns of individuals and corporations for that year filed during1933, with a historical presentation of the income and tax liabilityreported by individuals and corporations since the inception of thepresent period of income taxation under the sixteenth amendmentto the Constitution. The report also contains tabulations of datafrom estate-tax returns filed during 1933, irrespective of the date ofdeath of the decedent, and a brief historical summary, as well astabulations of data from gift-tax returns filed during 1933.
GENERAL EXPLANATIONS
Returns tabulated.—In general, the returns included in this reportare for the calendar year 1932, filed under the provisions of theRevenue Act of 1932. The major provisions of this act affectingindividual income taxes were the reduction in personal exemptionsfrom $3,500 to $2,500 for married individuals, or heads of families,and from $1,500 to $1,000 for single individuals; an increase in thenormal tax rates from 1%, 3, and 5 percent to 4 and 8 percent; increasedsurtaxes—graduated from 1 percent on net income in excess of $6,000to 55 percent on net income in excess of $1,000,000, in lieu of 1 percenton net income in excess of $10,000 to 20 percent in excess of $100,000;elimination of the tax credit for earned income; and limitation ofdeduction for losses from sales or exchanges of stocks and bonds (asdefined in the act) held for a period of 2 years or less to the amountof gains from similar transactions. For corporations, this act in-creased the tax rate for 1932 from 12 to 13% percent, with an ad-ditional tax of three-fourths of 1 percent on net income reported onconsolidated returns, eliminated the specific credit of $3,000 for cor-porations with small incomes, and limited the deductions for prior yearlosses to losses of the preceding year.
Although most of the returns included in this report are for thecalendar year 1932, a considerable number of corporation returns anda negligible number of individual returns are for a fiscal year otherthan the calendar year. Thus there are included with the returnsfor the calendar year 1932, returns with fiscal year ending within theperiod July 1, 1932, to June 30, 1933, and fractional (part year)returns for which the greater part of the period falls in 1932. The
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Z STATISTICS OF INCOME
general tables therefore include calendar, fiscal, and fractional (partyear) returns, except when otherwise specified.
The general tables for corporations include all returns, those showingnet income as well as those showing no net income. The generaltables for individuals include only returns showing net income. Thedata tabulated from returns with no net income are shown on pages20 and 131. Prior to 1928 no tabulations were made from returnswith no net income. The Revenue Act of 1921 and subsequent actsprovide that a return be filed, irrespective of the amount of netincome (or deficit), by every individual, if single or if married and notliving with husband or wife, having a gross income of $5,000 and over,and every married couple living together having an aggregate grossincome of $5,000 and over. Moreover, returns showing net incomebelow the minimum provided by the revenue acts are frequentlyfiled by married couples who elect to file separate returns as providedby law; also as part-year returns filed in the case of the death of thetaxpayer and covering the income period to the date of death, andin cases where the taxpayer elects to change the accounting period.
The statistics contained in this report are based on the taxpayers'returns as filed, unaudited except for a preliminary examination toinsure proper execution of the returns, and include amended returnsshowing net income of $100,000 and over, but do not include amendedreturns with net income under $100,000. Income-tax returns filedby individuals having net income of $5,000 and over and individualreturns of net income under $5,000 which display income character-istics similar to those usually found in returns of net income of $5,000and over, such as varied or unusual sources of income or large totalincome, and all returns filed by corporations, pass through the statis-tical section, and the data are tabulated from each of these returns.
The statistics applying to individual returns with net income under$5,000, except those specified above (which numbered approximately330,000), represent estimates based on samples of such returns.Averages for the various items from a sample for each State are appliedto the total number of returns of the class which they represent tosecure estimates for the particular State. The samples are selectedfrom both forms on which individual incomes are reported—form1040 for net income from salaries or wages of more than $5,000, orincome regardless of amount from business, profession, rents, or saleof property, and form 1040A for net income of not more than $5,000,derived chiefly from salaries and wages. All 1040 returns are sent toWashington for audit, and those with net income under $5,000 aresampled by the statistical section. The 1040A returns are auditedin the collection districts, and samples only are sent to Washington.
The sample for 1932 included approximately 240,000 returns onform 1040, and 263,000 on form 1040A, representing for each collectiondistrict not less than 10 percent of the number of each form of returnwith net income under $5,000, distributed approximately equallybetween taxable and nontaxable returns. The specified minimumfor the 1040 returns was 4,000 wherever the number filed exceededthat figure, and for 1040A's the minimum was 2,000 wherever thenumber filed exceeded that figure. When the number of returnsfiled in any collection district in this class was less than the respectiveminima the entire number filed was tabulated.
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STATISTICS OF INCOME d
For 1929 and subsequent years the number of returns with netincome under $5,000 is based in part on Income Tax Unit reports andin part on reports of collectors; for years prior to 1929 it is based oncollectors' reports. (See 1929 Statistics of Income, p. 2.)
In certain text and basic tables the amounts in dollars are expressedin thousands. In every case where this rounding occurs it is clearlyindicated in the subtitle or in a column heading of the table.
General definitions.—Throughout this report "net income" repre-sents the amount of gross income, as defined in the revenue acteffective for the year for which the income is returned, in excess of thedeductions claimed by the taxpayer under the provisions of therespective acts, and "deficit" means excess of deductions over grossincome. The net income of individuals includes capital net gain fromsale of assets held more than 2 years. Credits allowed individuals,such as personal exemption, credit for dependents, net loss for prioryear, and net loss from the sale of capital assets held more than 2years which is reported for tax credit, are not included in deductions;neither is net loss for prior year included in deductions in arriving atnet income of corporations.
Gross income and deductions shown in the corporation tables cor-respond to the total income and total deductions reported in items 13and 25, respectively, plus the cost of goods sold, item 2, and cost ofother operations, item 5 on face of return for 1932. Attention isdirected to changes in certain items on face of return for 1932. (Seeform 1120, p. 226.)
The amount of income-tax liability returned for 1932, shown in thetabulations in this volume, is not entirely comparable with the amountof taxes collected during the calendar year 1933. Several factors areresponsible for this discrepancy, among which are the following:
1. The amount of tax originally reported in the returns does notalways represent precisely the amount of tax paid, for the reason thatan adjustment may be made after the data have been taken fromthe original returns for the Statistics of Income. These adjustmentsmay result in additional assessments, thereby increasing the taxliability, or in certificates of overassessments, thereby decreasingthe tax liability. An amended return has the same effect as anadjustment.
2. Income and profits taxes paid to foreign governments or posses-sions of the United States are deductible from income taxes payableto the United States as limited by section 131 (b) of the Revenue Actof 1928 with respect to income returned for 1931 and as limited bysection 131 (b) of the Revenue Act of 1932 with respect to income for1932. The amount of tax taken as credit under this provision of lawhas not been deducted from, the amount of tax liability shown in thetabulations. The aggregate amount of income and profits taxes paidto foreign governments or possessions of the United States taken as acredit by corporations, 1925 to 1932, is, however, shown on page 26.Similar figures for individual returns are available only for the years1925 to 1930, inclusive, and appear on page 9 of the Statistics ofIncome for 1930. Individual income taxes paid at the source ontax-free covenant bonds are deductible from income taxes payable byindividuals but are not deducted in the income-tax liability of indi-vidual returns shown herein. However, all collections representingincome tax paid at source on tax-free covenant bonds are classified
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4 STATISTICS OF INCOME
with the corporation income tax collections, due to the tax Deingassessed against the debtor corporation notwithstanding the factthat it is paid on behalf of individual holders of bonds.
3. The amount of income taxes in fiscal-year returns included inthis tabulation may not represent taxes collected during 1933 on suchreturns. Fiscal-year returns are required to be filed on or before the15th day of the third month after the end of the fiscal year, and pay-ment as in the case of calendar-year returns is required at the timethe return is filed, or in four quarterly installments. The first of thequarterly installments is due when the return is filed. Thus, duringthe calendar year 1933, collections were made of part or all of thetaxes in returns for fiscal years ended from January 31, 1932 (the lastquarterly installment payment on which was due on or before Jan.15, 1933), to September 30, 1933 (the filing of returns and the fullpayment or first installment payment on which was due on or beforeDec. 15, 1933), whereas, as previously indicated, there are excludedfrom these statistics the returns for fiscal years ending prior to July 1,1932, and subsequent to June 30, 1933.
4. Delays in payment due to financial embarrassment, death,liquidation of business, or any other cause, result in collections oftaxes after the close of the year in which such taxes are due, and theclassification of such collections as "back taxes'' because made in asubsequent year. Certain amounts are uncollectible, due likewise tothe above causes.
5. Current collections include such interest and penalty items asare received during the year in connection with delinquent paymentson returns for 1932.
Industrial classification.—The industrial classification is based onthe predominant business of nonaffiliated corporations or of groups ofaffiliated corporations filing a single return. The industrial groups,therefore, do not contain solely corporations engaged exclusively inthe industries in which they are classified, due to the diversified indus-trial activities of many corporations and especially to affiliated cor-porations filing consolidated returns, which latter include the incomeand deductions of the subsidiary or affiliated corporations. If suchaffiliated corporations could be classified independently of the con-solidated returns, many would fall in industrial divisions other thanthe ones in which they are included.
Geographic distribution.—The data, although tabulated by returnsfiled in each State, do not represent what may be called the geographicdistribution of income, there being no way of ascertaining from theincome-tax returns the amount of income originating in the respectiveStates or the amount of tax paid on that basis, as income reported byan individual or corporation in one State may have been derived fromsources in other States. An individual files his income-tax return inthe collection district in which his legal residence or principal place ofbusiness is located, and a corporation files its income-tax return in thecollection district in which its principal place of business or the prin-cipal office or agency is situated, excepting closely affiliated concernsfiling a consolidated return. In the latter case the consolidated returnis frequently filed in a State other than the States in which the princi-pal places of business or principal offices or agencies of the subsidiariesare located.
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STATISTICS OF INCOME 0
Comparability vnth previous reports.—In various sections of thisreport, attention is called to special conditions affecting the com-parability of specific items with similar data for earlier years. Inaddition there are certain majoi conditions which prevent strictcomparability of the corporation income-tax data from year to year.Shifts in the industrial classification are due among other causes tothe affiliation of concerns formerly filing separate returns and thedisintegration of groups of concerns filing consolidated returns.Such changes in corporation returns also affect the geographic dis-tribution of data through changes in the location of the principalplace of business or principal office or agency of concerns enteringinto or separating from consolidated groups. Moreover, the totalas well as the separate items of assets and liabilities, and of receiptsand deductions, are affected by changes in affiliations for consolidatedreturns.
Changes in the provisions of the revenue acts under which thereturns for given years are filed also interfere with a precise compara-bility of the data.
INDIVIDUAL INCOME-TAX RETURNS
The number of returns of individuals for 1932 was 3,877,430, ofwhich 1,936,095 were taxable and 1,941,335 nontaxable. The aggre-gate net income was $11,655,756,678; the net income on taxable re-turns was $7,919,587,855, on which the tax liability was $329,962,311.As compared with the returns for the previous year, the total numberfor1932 increased by 651,506, or 20.2 percent. The average net incomefor 1932 was $3,006.05for all returns, and$6,020.24 for taxable returns,the average amount of tax liability was $85.10 for all returns and$170.43 for taxable returns, and the average tax rate was 2.8 percentfor all returns and 4.2 percent for taxable returns. For the precedingyear the average net income was $4,217.40 for all returns and $6,094.22for taxable returns, the average tax liability was $76.30 for all returns,and $161.34 for taxable returns, and the average tax rate was 1.8percent for all returns and 2.7 percent for taxable returns. The ratioof the number of returns filed to the total population (Census Bureauestimate of population as of July 1, 1932) is 3.1 percent, as comparedwith a corresponding ratio for the preceding year of 2.6 percent.
The distribution of returns of individuals by States and Territoriesis given in basic table 1, page 65, and by net income classes in basictable 2, pages 66 and 67. Each of these tables shows number ofreturns, net income, and tax.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBEROF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)
The distribution of the returns, by a limited number of net incomeclasses, is exhibited in the following table, which includes the numberof returns, net income, and tax; also cumulative totals and percent-ages. In basic table 3, pages 68 to 70, a similar distribution ofthe number of returns, net income, and tax is shown by a moredetailed net income classification.
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6 STATISTICS OF INCOME
Simple and cumulative distribution of individual returns for 1932, by net income"7 showing number of returns, net income, tax, and percentages l
Net income classes
{Thousands of dollars)
Returns
Simple distribution
Number Percent
Cumulative distribu-tion from highestincome class
Number Percent
Cumulative distribu-tion from lowestincome class
Number Percent
Under 1 (estimated)1-2 (estimated)2-3 (estimated)3-5 (estimated)5-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over
Total
359,6881,489,589
967,956703,755251, 01479,21018,4805,902
9955951408620
9.2838. 4224.9618.156.472.04.47.15.02.01.01.01.01
3,877,4303,517, 7422,028,1531,060,197
356,442105,42826,2187,7381,836
84124610620
100. 0090.7252.3027.349.192.72.68.21.06.04.03.02.01
359,6881,849, 2772,817, 2333,520,9883, 772,0023,851, 2123,869,6923,875,5943,876,5893,877,1843, 877, 3243, 877,4103,877,430
9.2847.7072.6690.8197.2899.3299.7999.9499.9699.9799.9899.99
100. 00
3, 877, 430 100. 00
Net income classes
(Thousands of dollars)
Net income
Simple distribution
I
Amount Percent
Cumulative distributionfrom highest incomeclass
Amount Percent
Cumulative distributionfrom lowest incomeclass
Amount Percent
Under 1 (estimated)1-2 (estimated)2-3 (estimated).3-5 (estimated)5-1010-2525-50.50-100100-150150-300300-500500-1,0001,000 and over
To ta l__
$231,140,0932,145,834,4562, 437, 251, 3652, 597, 762, 5381,677, 039,3851,160,397,944
629, 638, 588393, 206, 033119, 895, 876118,007,91052, 468, 70357, 874, 23135,239, 556
1.9818.4120.9122.2914.399.965.403.371.031.01.45.50.30
$11,655,756,67811,424,616,5859, 278, 782,1296,841,530,7644, 243, 768, 2262, 566, 728,8411, 406, 330, 897
776, 692, 309383,486, 276263, 590, 400145, 582,49093,113, 78735, 239, 556
100.0098.0279.6158.7036.4122.0212.066.663.292.261.25.80.30
$231,140,0932,376,974,5494,814,225,9147,411,988,4529,089,027,837
10, 249,425,78110,879,064,36911, 272, 270,40211, 392,166, 27811, 510,174,18811,562,642,89111, 620, 517,12211, 655, 756, 678
1.9820.3941.3063.5977.9887.9493.3496.7197.7498.7599.2099.70
100. 00
11,655, 756, 678 100.00
Net income classes
(Thousands of dollars)
Under 1 (estimated)1_2 (estimated)2-3 ''estimated)3-5 (estimated)5-10 . .10-2525-50 .50-100100-150150-300300-500500-1,000 .1,000 and over
Total
Tax
Simple distribution
Amount
$102, 82712, 254, 3599,822, 223
20, 894, 51535, 614, 89950,150, 01743, 545, 89447,149, 91424, 469, 28931,911,69018,554,14819, 016, 37016,476,166
329,962.311
Percent
0.033.712.986.33
10.7915.2013.2014.297.429.675.625.765.00
100. 00
Cumulative distribu-tion from highest in-come class
Amount
$329,962, 311329,859,484317,605,125307,782,902286,888,387251, 273,488201,123,471157, 577, 577110,427,663
85, 958, 37454,046, 68435.492, 53616,476,166
Percent
100.0099.9796.2693.2886.9576.1660.9647.7633.4726. 0516.3810.765.00
Cumulativetion fromcome class
Amount
$102, 82712, 357,18622.179, 40943,073,92478, 688, 823
128,838,840172,384,734219, 534,648244,003,937275,915,627294,469,775313,486,145329, 962, 311
distribu-lowest in-
Percent
0.033.746.72
13.0523.8439.0452.2466.5373.9583.6289.2495.00
100.00
i For general explanations, see pp. 1-5.
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STATISTICS OF INCOME /
CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS)
The following table shows the number of individual returns andthe net income distributed according to sex and family relationship ofthe taxpayer. In basic tables 4 and 5, pages 71 to 74, similardata are shown by States and Territories and by net income classes,respectively.
Individual returns for 1932 by sex and family relationship of taxpayer, showingnumber of returns, net income, and percentages x
Family relationship
Joint returns of husbands and wives, with or withoutdependent children, and the returns of husbandswhose wives, though living with them, file separatereturns.
Wives filing separate returns from husbandsSingle men, heads of familiesSingle women, heads of families..Single men, not heads of familiesSingle women, not heads of familiesCommunity property income 2
Total
Returns
Number
1,921,10583,005
255, 253159,140820, 352623,483
15, 092
3,877,430
Percent
49.552.146.584.10
21.1616.08
.39
100. 00
Net income
Amount
$7,033, 542, 287446,851,857629, 945,857371,347,538
1, 644, 609,9251, 350,466,321
178,992,893
11,655,756,678
Percent
60.343.835.403.19
14.1111.591.54
100. 00
1 Includes returns for income of estates or property held in trust, which are distributed by sex and familyrelationship of the testator or grantor. For general explanations see pp. 1-5.
2 Excludes separate returns of community property income of husband and wife in which the net incomeis under $5,000 and joint returns of husband and wife which show net income under $10,000. In tabulatingjoint returns of community property, net income of $10,000 and over, the data are divided to represent theseparate returns of husband and wife, the net income class for each of the separate returns being one-halfof the combined net income of the joint return. Returns of community property income not includedunder this heading are classified either under joint returns of husbands and wives, etc., or wives Sling sepa-rate returns from husbands.
There is shown below a restatement of data appearing on page 6of the Statistics of Income for 1931, in which the figures for certainitems were transposed:
Family relationship
Joint returns of husbands and wives, with or with-out dependent children, and the returns of hus-bands whose wives, though living with them,file separate returns
Wives filing separate returns from husbands -.Single men, heads of familiesSingle women, heads of familiesSingle men, not heads of familiesSingle women, not heads of families _Community property income
Total
Data shown in Statisticsof Income for 1931
Numberof returns
1,646,523237,157104,649709, 951415,061
88, 23824, 345
3, 225,924
Net income
$8, 210,345,006782,865,305363,808, 708
1, 961,086, 5041, 402, 237,112
591, 613, 056293,040, 437
13, 604, 996,128
Correct figures
Numberof returns
1,646,52388,238
237,157104, 649709, 951415, 061
24,345
3, 225, 924
Net income
$8,210,345,006591,613,056782,865,305363,808,708
1,961,086, 5041,402, 237,112
293,040,437
13, 604,996,128
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8 STATISTICS OF INCOME
NET INCOME EXEMPT FROM NORMAL TAX (INDIVIDUAL RETURNS)
The net income specifically exempt from normal tax through per-sonal exemption, credit for dependents, dividends on stock of domesticcorporations, interest on Government obligations not wholly exemptfrom tax, capital net gain from sale of assets held more than 2 years,and net income offset by net loss for prior year, also the net incomesubject to normal tax, are shown in the following table:
Net income exempt from and amount subject to normal tax, individual returns for 1932l
Distribution
Net income - -
Net income specifically exempt from normal tax:Personal exemption and credit for dependentsLess exemption in excess of net income..-
Net personal exemption and credit for dependents _-_Dividends on stock of domestic corporations.Interest on Government obligations not wholly exempt from tax
Capital net gain from sale of assets held more than 2 years $50,074,227Less loss in ordinary net income and net loss for prior year,
deductible from capital net gain 1,759,467
Net income offset by net loss for prior year _
Netincome not subject to normal tax
Net income subject to normal tax _
Amount
$11,655, 756,678
8, 517,123,8721, 721,114, 267
6, 796, 009, 6051,972,133, 267
29,187,748
48,314,76028,983,608
8,874,628,988
2,781,127,690
Percent
100.00
58.3116.92
.25
.41
.25
76.14
23.86
1 For general explanations, see pp. 1-5.
CAPITAL NET GAINS AND LOSSES (INDIVIDUAL RETURNS)
The special provisions in the revenue acts for capital net gains andlosses from the sale of assets held more than two years apply, forcapital net gains, to sales after December 31, 1921, and for capitalnet losses, to sales after December 31, 1923.
Under the Eeyenue Act of 1921 and subsequent acts, capital netgains as defined in the revenue acts from the sale of assets held morethan two years may, at the option of the taxpayer, be reported sepa-rately and taxed at 12}{ percent in lieu of the normal tax and surtaxrates otherwise applicable. The income tax of the individual in suchcases is the sum of 12}£ percent of the capital net gains plus the taxon the net income from other sources, termed " ordinary net income/7
computed according to the provisions of the respective revenue acts.The capital net gains and the tax at 12% percent of such gains
reported for 1922 and following years appear on pages 38 and 43-45,respectively, of this report. In order that the amounts shown as"net income" and "total income" in the Statistics of Income for1922 and subsequent years be made comparable with earlier years,it is necessary that "net income" and "total income" be increasedby the amount of such gains. These adjustments have been madein the Statistics of Income for these years.
Under the Revenue Act of 1924 and subsequent acts the taxpayermust report his capital net loss, as defined in the respective acts,from the sale of assets held more than two years by one of two meth-ods, whichever will produce the larger tax. These two methods are(1) the tax on the net income from other sources, termed "ordinary
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STATISTICS OF INCOME 9
net income,;; computed according to the provisions of the respectiverevenue acts, less 12% percent of the capital net loss, and (2) the taxon the net income computed without regard for the special provisionsfor capital net losses.
The tax credit of 12% percent on capital net losses for 1924 andfollowing years appears on page 38. Under the Revenue Acts of 1918and 1921 such losses are deducted in arriving at net income. Underthe Revenue Acts of 1916 and 1917 losses sustained in transactionsentered into for profit but not connected with business or trade aredeductible to the extent of the aggregate income from such transac-tions. In order that the amounts shown as "net income" and "de-ductions" in the Statistics of Income for 1924 and subsequent yearsbe made comparable with the amounts shown in Statistics of Incomefor 1918 to 1923, inclusive, it is necessary that "net income" bereduced by, and "deductions" be increased by, the amount of suchlosses. These adjustments have not been made in the "net income"and "deductions" shown in the Statistics of Income for these years.
NET LOSS FOR PRIOR YEAR (INDIVIDUAL RETURNS)
The net loss during a given taxable year in a trade or businessregularly carried on by the taxpayer, as specifically defined in theRevenue Acts of 1921 to 1928, inclusive, is allowed as a deduction incomputing the net income of the taxpayer for the succeeding taxableyear, and if such net loss exceeds the net income for the succeedingyear the amount of such excess is to be allowed in the next succeedingyear. Moreover, if such net loss is in excess of the ordinary net incomebefore deduction of this loss, and the taxpayer has a capital netgain, the amount of such excess shall next be applied against thecapital net gain for such year, and if this excess is larger than thecapital net gain for such year, the balance is similarly allowed as adeduction in computing the ordinary net income and the capital netgain the next succeeding taxable year. (See section 117 of the RevenueAct of 1928.) Under the Revenue Act of 1932 net losses for 1931 onlyare allowed as deductions in computing net income of the taxpayerfor 1932.
Such net losses, being of prior year origin, are not included in thecurrent year deductions in arriving at the net income for the variousyears shown in this volume. Net loss for prior year reported in theindividual income tax returns for the years 1922 to 1932, inclusive,and taken as a deduction in computing ordinary net income and capitalnet gain is given below:Year Amount
1922 $45,220,8591923 34, 266, 1491924 29, 869, 1821925 32, 321, 3101926 27, 411, 7671927 37, 054, 785
Year— Amount1928 $33,616,4751929 28, 909, 2751930 39, 920, 7111931 43, 754, 0891932 28, 983, 608
SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)
Immediately following is shown a distribution by sources of theincome and deductions reported by individuals. The figures for thevarious sources are aggregates of net amounts of income, and repre-
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10 STATISTICS OF INCOME
sent the amounts by which the gross income exceeds the deductionsallowed for each specific source, as provided in the schedules of thereturn. (See form 1040,p. 220.) Net losses reported in the schedulesare transferred in tabulation to deductions, which also include amountsreported on the return under "Deductions" from total income.
Income from partnerships and fiduciaries does not include amountsreceived through these entities from capital net gain from sale of assetsheld more than 2 years, dividends on stock of domestic corporations,or taxable interest on obligations of the United States, since theseitems are reported under their respective classifications. Amountsshown in earlier reports, as "Interest and other income," are segre-gated into "Interest other than tax-exempt" and "Other income."With reference to the amount of profits and losses from sales of assets,other than those held for more than 2 years, attention is directed tothe provisions of the Revenue Act of 1932. The provisions of section23 (r) limit deductions for losses from the sales or exchanges ofstocks and bonds, as defined in section 23 (t), held for 2 years or less,to the gains from such sales or exchanges.
Sources of income and deductions in individual returns for 1932, amounts andpercentages l
Sources of income and deductions
Income:Wages and salaries _Business .Partnership _Profit from sale of real estate, stocks, bonds, etc., other than taxed as
capital net gain from sale of assets held more than 2 yearsCapital net gain from sale of assets held more than 2 yearsRents and royaltiesInterest on Government obligations not wholly exempt from tax__Dividends on stock of domestic corporationsFiduciaryInterest other than tax-exemptOther income .__
Total income
Deductions:Net loss from sale of real estate, stocks, bonds, etc., other than reported
for tax credit on capital net loss from sale of assets held more than 2years
Net loss from business and partnership _ _Contributions __Allother. . . _
Total deductions
Net income
Amount
$8,136, 716, 7321, 294,951,979
482, 862,993
112, 813, 58950, 074, 227
529,9S8,83529,187, 748
1,972,133, 267310,949,384
1,141,799,026330, 601, 921
14, 392, 079, 701
375,445, 203112, 659, 063304, 009, 393
1,944, 209,364
2,736, 323,023
11,655, 756, 678
Percent
56.549.003.36
.78
.353.68.2C
13.702.167.932.30
100. 00
2.61.78
2.1113.51
19.01
80.99
1 For general explanations, see pp. 1-5.
The following table shows, by net-income classes, the distributionof the total income by sources. The distribution by States andTerritories and by a larger number of net-income classes is shown inbasic tables 6 and 7, respectively (pp. 75 to 78).
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STATISTICS OF INCOME 11
Sources of income and deductions, individual returns for 1932, by net income classes *
Net income classes
(Thousands of dollars)
Wages andsalaries Business Partnership
Profit from sale of realestate, stocks, bonds,etc.
Reportedfor tax oncapital net
gain 2
All other
Under 5 (estimated).5 1 010-25__.25-50___50-100100-150150-300300-500500-1,0001,000 and over.
Total—
$6,079,462, 2911,136,925, 884
543, 323, 676216, 431,153106,944,25925,997,41818, 325,0014,423, 7064,115, 334
768,010
$940, 463, 524196, 773, 53099, 549, 72336, 665, 57215,835,0893, 358, 9471,167, 575
667,908463,082
7,029
$198, 238,81599,189, 59383, 753,96352,146, 55331,387,1018,415, 5557,811, 2371, 267,936
542,806109, 434
$901,2638, 295, 703
11,675,8086, 713, 7438, 686, 5325, 092, 7948, 704, 288
4,096
$41,170,69324,101,45926,004,15010, 997,8595, 078, 8391, 741,5591,141,126
728,3741, 848,528
1,002
8,136,716,732 1, 294,951, 979 482,862,993 50, 074, 227 112,813,589
Net income classes
(Thousands of dollars)
Rents androyalties
Interest onGovern-
ment obli-gations not
whollyexempt
from tax
Dividends onstock of do-mestic cor-porations
FiduciaryInterest other
than tax-exempt
Under 5 (estimated)5-10. .__.10-2525-5050-100__.100-150150-300300-500500-1,0001,000 and over
Total . . - .
$369, 744,51271, 696, 32750,370,04321,405,97510,199,4573,370, 7341,896,478
496,409795,90512,995
$7, 629, 67810,895,4975, 744,1893,042,136
844, 873605,439195,951159,23470, 751
$431,508,078318, 765, 208394,961,769264,632,792232,224, 24084,459,36393,637,01046,352,02854,238,74651,354,033
$93,339, 21164,006,13774, 596,99445,907,81421,319, 2295,143,9793,685,8581,454,6641,377,941
117, 557
$605, 257, 692198, 572,875166,317,16992,137,65547,635,10312,015,4589, 385,8224,922,3712, 779,2312,775,650
529,988,835 29,187, 748 1,972,133, 267 310, 949, 384 1,141, 799,026
Net income classes
(Thousands of dollars)Other income Total income
Net loss fromsale of real es-tate, stocks,bonds, etc.,other thanreported fortax credit oncapital net
Net loss frombusiness andpartnership
Under 5 (estimated)5-1010-25_25-50_50-100100-150.._.150-300300-500500-1,0001,000 and over
T o t a l . . .
$263,248, 77926, 710,00818,894,46511,121,6055,327, 3251,075,3992,163,358
731,3701,137,526
192,086
$9,022,433,5952,144,370,6991,469, 568, 712
765,486,870490,668, 586153,137,028148,505, 43666,333,51176,162,62155,412,643
$200,818,261104,107,49152,095,2637,874,3834,775,4371,976, 7461,507,063
664, 727976,839
$65,686,68914,191,50714,387,9217,160,9716,406,0052,009,2811,325,313
647,594682, 241161,541
330, 601,921 14,392,079,701 375,445,203 112,659,063
1 For general explanations, see pp. 1-5.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,
p. 8.)
61684—34-
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12 STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1932, by net incomeclassesl—Continued
Net income classes
(Thousands of dollars)Contributions All other de-
ductionsTotal deduc-
tions Net income
Under 5 (estimated)6-1010-2525-5050-100100-150150-300300-500 -500-1,0001,000 and over
Total
$164,163,04945,927,58633,988,83620,292,01516,638,7205,844, 2226, 670,8873,692,0553, 737, 6823,054, 341
$1,179, 777,144303,104,730208, 698, 748100, 520,91369, 642,39123,410,90320,994,2638, 876,16613, 203,74015, 980,366
$1,610,445,143467,331,314309,170,768135,848, 28297,462, 55333,241,15230, 497,52613,864,80818,288, 39020,173,087
$7,411,988,4521, 677,039,3851,160,397,944629,638,588393, 206,033119,895,876118,007,91052,468, 70357,874, 23135, 239, 556
304,009, 393 1,944,209,364 2, 736, 323,023 11,655, 756,678
Percentage distribution of sources of income and deductions, individual returns for1932, by net income classes1
Net income classes
(Thousands of dollars)
Under 5 (estimated)....5-10 .- --10-2525-5050-100100-150150-300300-500500-1,000 .1,000 and over
Total
Net income classes
(Thousands of dollars)
Under 5 (estimated)5-1010-2525-5050-100100-150 . .150-300 _ .-300-500500-1,000 - .1,000 and over. __.
Total - .
Wages andsalaries
67.3853.0236.9728.2721.8016.9812.346.675.401.38
56.54
Interest onGovernment ob-ligations
not whollyexempt
from tax
0.36.74.75.62.55.41.30.21.13
.20
Business
10.429.186.774.793.232.19.79
1.01.61.01
9.00
Dividendson stock ofdomesticcorpora-
tions
4.7814.8726.8834.5747.3255.1563.0569.8771.2192.67
13.70
Partner-ship
2.204.635.706.816.405.505.261.91.71.20
3.36
Fiduciary
1.032.985.086.004.343.362.482.191.81.21
2.16
Profit from sale of realestate, stocks, bonds,etc.
Reportedfor tax oncapital net
gain 2
0.061.082.384.385.857.68
11.43.01
.35
Interestother thantax-exempt
6.719.26
11.3212.049.717.856.327.423.655.01
7.93
All other
0.461.121.771.441.041.14.77
1.102.43.01
.78
Other in-come
2.921.241.281.451.08.70
1.451.101.49.35
2.30
Rents androyalties
4.103.343.432.802.082.201.28.75
1.05.02
3.68
Total in-come
100.00100. 00100.00100.00100.00100.00100.00100.00100. 00100.00
100.00
1 For general explanations, see pp. 1-5.1 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
P. 8.)
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STATISTICS OF INCOME 13Percentage distribution of sources of income and deductions, individual returns for
1932, by net income classes1—Continued
Net income classes
(Thousands of dollars)
Under 5 (estimated)5-10 __10-2525-50. __50-100100-150150-300300-500500-1,000 . _1,000 and over
Total
Net lossfrom sale ofreal estate,
stocks,bonds, etc.other thanreportedfor tax
credit oncapital
net loss 2
2.234.863.551.03.97
1.291.02.98.87
- 1.77
2.61
Net lossfrom busi-ness and
partnership
0.73.66.98.94
1.311.31.89.98.89.29
.78
Contri-butions
1.822.142.312.653.393.824.495.564.915.51
2.11
All otherdeductions
13.0714.1314. 2013.1314.1915.2914.1413.3817.3428.84
13. 51
Total de-ductions
17.8521.7921.0417.7519.8621.7120.5420.9024.0136.41
19.01
Net in-come
82.1578.2178.9682.2580.1478.2979.4679.1075. 9963.59
80.99
1 For general explanations, see pp. 1-5.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
See p. 8.)
(FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC I T E M S OF INCOME AND DEDUCTIONS, R E T U R N S OF N E T INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)
In the general tables for individual returns, data are classifiedaccording to the net income of the individual. Within net incomeclasses, returns may show widely varying amounts of income anddeductions from specific sources. In the following table specificitems of income and deductions reported on returns of net incomeof $5,000 and over are classified according to the size.
Sources of income not included in this tabulation are partnership,fiduciary, and interest and other income. The total income receivedthrough partnerships and fiduciaries may not be included in items5 and 6, form 1040, provided for such income, since the instructionsrelative to those items provide:
Enter as item 5 your share (whether received or not) of the profits of a partner-ship, syndicate, pool, etc., and as item 6 income from an estate or trust, exceptthat the share of (a) capital net gain or loss computed as provided in instruction8a shall be reported in schedule D, (b) taxable interest on obligations of theUnited States shall be included in schedule E, and (c) profits which consisted ofdividends on stock of domestic corporations shall be included in item 10 (a)and/or (b) on the return.
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14 STATISTICS OF INCOME
Frequency distribution by size of certain items of income and deduction, individualreturns for 1932 of net income of $5,000 and over, showing the frequency of occur-rence and the amount of income and amount of loss
Size of specificincome anddeduction
(Thousands ofdollars)
Wages and salaries
Num-ber of
returnsAmount
Business
Num-ber of
returnsAmount
Dividends on stock ofdomestic corporations
Num-ber of
returnsAmount
Rents androyalties
Num-ber of
returnsAmount
Under 0.10.1-0.20.2-0.30.3-0.40.4-0.50.5-11-22-33-44-55-1010-15. - . -15-2020-2525-3030-4040-5050-75.75-100100-250250-500500-1,0001,000 and over.
2,6241,9701,4251,215
8853,8196,7897,5479,564
13, 789130,177
31, 77511,0534,8112,8242,6241,2291,140
$125,192274, 373343, 362410, 058390,618
2, 730,1319,960, 668
18, 680, 41533, 266, 92562, 433, 890
898, 920, 687383, 305, 998187,424,129105,143, 66376, 083,12589, 023, 84654, 391, 73668,127, 38524, 755, 43036,830, 8923,126,1471, 505, 771
908777645465470
1,7302,6002,3222,3013,173
20, 6545,2741,896
88451543921318851375
$42, 302111,307159,636160, 595209,979
1, 262, 4943, 817, 4635, 774, 4048, 055, 55114, 363, 398144,210,97763, 323, 42432, 518, 69119, 702, 09414,057, 79815, 053,1879,512,48911, 264,4274,608, 7104, 677, 6541, 601, 875
27, 65117,60312, 5909,8978, 05927, 37429, 93518,14513, 36710, 68031, 46212,1046,0693,7432,4742,8241,6271,881815
1,0692058327
$1, 247,9082, 540, 2643, 080, 4163, 413, 0983, 596, 54019, 746, 62943,177,13144, 654, 50446, 364, 49447,824, 200221, 491, 022147,132, 028104, 507,93783, 411, 60667,395,60497, 325, 72272, 561,950113,347,11169, 939, 084158, 457, 57869, 563,82359,829,30260,017, 238
10, 2817,4055,5604,5943,4269,6828,1313,9932,5741,8755,2481,769722344205251919730152
$482,9901, 075, 7711, 363, 6771, 584, 0431, 528,6706,887,804
11,520,6439, 803, 5548,926, 6768, 390, 313
36, 643, 31421, 417,02212, 368, 2067, 653, 3505, 603,0008, 584, 4914, 052, 2475,821, 2802, 636,1521,985,240
716,752
1,199,128
Total 235, 2, 057, 254, 441 45, 547 354,488,455 239,684 540,625,189 66,296 160,244,323
Size of specificincome anddeduction
(Thousands ofdollars)
Profit from sale ofr e a l e s t a t e ,stocks, bonds,etc., other thantaxed as capitalnet gain fromsale of assets heldmore than 2 years
Num-ber of
returnsAmount
Net loss from sale ofreal estate, stocks,bonds, etc., otherthan reported fortax credit on cap-ital net loss fromsale of assets heldmore than 2 years
Num-ber of
returnsAmount
Capital net gainfrom sale of assetsheld more than 2years
Num-ber of
returnsAmount
Capital net lossfrom sale of assetsheld more than 2years
Num-ber of
returnsAmount
Under 0.10.1-0.20.2-0.30.3-0.40.4-0.50.5-11-2....2-33-44-56-10 _10-1515-2020-2525-3030-4040-5050-7575-100100-250250-500__500-1,0001,000 and over..
Tota l . . . .
6,5283,6242,4411,8381,4704,2703,6461,7241,123
7842,105
723310151957946408
2052
$279,162525, 642599, 047635, 837658, 570
3, 039, 5625,176, 3774, 216, 0213, 879, 9133, 571, 920
14, 714, 6978, 945, 2045, 324, 5343, 375, 9332, 600,4932, 697, 3442, 084, 9402, 384, 348
701, 6302, 688,3301, 737,1801, 806, 212
2,7291,8481,6051,4511,2845,6817,4494,7773,4442,5826,4082,216
966437244188654616215
$118, 641268, 090394, 325503, 259574,404
4,133. 61310,821, 58111, 742, 50811, 927,19111, 580, 52245,118, 29126,779,45216, 534, 369
9, 730, 3846, 658, 0116, 389, 3432,887, 3812, 785, 7741,418, 0992, 780, 5061,481,198
239131
461761531126560
160117905756
102678053811810
$10,87718, 75721,28223,70120,492
124,880212, 604270, 261224,080267,123
1,196, 3301, 449, 5891, 548, 6001, 277,8571, 538, 0903, 527,4342,995,6674,984,2904, 530,670
12,353,1846, 574, 2196, 904, 240
237179144137122519895729597595
2,2352,0221,9011,4891,1631,6811,0711,473
7751,193
2829841
$11,34525,75334,91047,31555,005
385, 9121,321, 6181,819,3992,086,0792,677,794
16,564,50525,122,18133,146, 94433, 345,83331,784,96458,404,14147,838,57289, 613,31666,706,896
177,076,97094,165, 76464, 234,34885,894,469
31,032 71,642,896 43,462 174,626,942 2,030 50,074,227 19, 578 832, 364, 033
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STATISTICS OF INCOME 15NET PROFIT FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 AND OVER, BY
MAJOR INDUSTRIAL GROUPS (INDIVIDUAL RETURNS)
The net profit from business (other than from partnerships) reportedin returns, form 1040, of net income of $5,000 and over is classifiedbelow according to the nature of the business. These data representonly such amounts reported by individuals as were derived frombusiness operations conducted as sole proprietors, and do not neces-sarily indicate the principal occupation of or the total income reportedby the individual making the return. Business profits reported onreturns, form 1040, showing net income of less than $5,000 are notincluded.
The net profit from business as shown in these statistics representsthe total receipts from business or profession, less cost of goods soldand other business deductions, such as salaries, interest on businessindebtedness, taxes on business or business property, loss from fire orstorm, bad debts arising from sales, depreciation, obsolescence anddepletion, rents, repairs, and other expenses, as provided for inschedule A of the individual income-tax returns, form 1040.
Net profit from business, by major industrial groups, showing number of businessesand net profit from business, individual returns for 1932 of net income of $5,000and over; also grand total for prior years
Industrial groups
Agriculture and related industries..Mining and quarrying
Manufacturing:Food products, including beveragesTobacco products.-Textiles and their productsLeather and its manufacturesRubber productsForest productsPaper, pulp, and productsPrinting, publishing, and allied industries.Chemicals and allied productsStone, clay, and glass productsMetal and its productsManufacturing not elsewhere classified
Total manufacturing-
ConstructionTransportation and other public utilities-Trade..Service—professional, amusements, hotels, etcFinance—banking, insurance, real estate, stock and bond
brokers, etcNature of business not given
Grand total, 1932.1931....1930 ....192919281927192619251924-1923
Numberof busi-nesses
1,415517
49318
32729166426
37912845
150199
1,874
937556
6,53427, 551
3,1842,979
45, 54797, 779
154, 640228, 475220,159212, 919218,148203, 576
0)(0
Percent
3.111.14
1.08.04.71.06.04. 14.06.83.28.10.33.44
4.11
2.061.22
14.3560.48
6.996.54
100.00
Net profitfrom business
$6,184, 9455,188,095
3, 955,167215, 694
2,830, 091193, 058100, 044458, 076208, 605
3,047, 6331, 479, 323
302,1951,194, 7541,838, 708
15,823, 348
8,928, 2424, 413, 934
43,185, 223227,196, 558
25, 544, 97618, 023,134
354, 488, 455766, 729,779
1, 215, 452,1521,836, 328, 5301,772, 255, 1111, 704,175, 2671, 738, 522,8441, 623,638, 2981, 290, 721, 7561, 059, 472, 721
Percent
1.741.46
1.12.06.80.05.03.13.06.86.41.09.33.52
4.46
2.521.25
12.1864.09
7.215.09
100.00
1 Not available.
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16 STATISTICS OF INCOME
TAXES PAID OTHER THAN FEDERAL INCOME TAX AND INTEREST PAID, RETURNSOF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)
In basic tables 8 and 8A, pages 79 and 80, taxes paid other thanFederal income tax or that amount of the income and profits taxespaid foreign countries or possessions of the United States allowed as adeduction, and interest paid as reported in the returns of net incomeof $5,000 and over, are distributed by States and Territories and bynet income classes, respectively. Table 8A includes a historicalsummary of these data for the years 1927 through 1931.
The amounts are shown separately as reported in business deduc-tions in Schedule A, Income from Business or Profession, and indeductions from total income. Taxes paid other than Federal incometax are reported under "Deductions'7 in the individual income taxreturn (item 14 on form 1040) in accordance with the followinginstructions:
Enter as item 14 personal taxes and taxes paid on property not used in yourbusiness or profession, not including those assessed against local benefits of a kindtending to increase the value of the property assessed. Do not include Federalincome taxes, taxes imposed upon your interest as shareholder of a corporationwhich are paid by the corporation without reimbursement from you, nor income-taxes claimed as a credit in item 40. No deduction is allowable for any portionof foreign income and profits taxes if a credit is claimed in item 40.
Taxes paid on business property or for carrying on business asreported under business deductions in item 12, Schedule A, Incomefrom Business or Profession, do not include Federal income taxes,taxes assessed against local benefits of a kind tending to increase thevalue of property, nor taxes imposed upon sales by manufacturers.Amounts tabulated do not include taxes reported on form 1040F,Schedule of Farm Income and Expenses.
Interest paid is reported under "Deductions77 in the individualincome tax return (item 13, form 1040) in accordance with thefollowing instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished frombusiness indebtedness (which should be deducted under schedule A or B). Donot include interest on indebtedness incurred or continued to purchase or carryobligations or securities the interest upon which is wholly exempt from taxation orinterest on indebtedness incurred or continued in connection with the purchasingor carrying of an annuity.
Interest paid on business indebtedness to others is reported underbusiness deductions in item 11, Schedule A, Income from Business orProfession, in accordance with the following instructions:
Enter on line 11 interest on business indebtedness. Do not include interest toyourself on capital invested in or advanced to the business.
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STATISTICS OF INCOME 17
WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOMEOF $5,000 AND OVER (INDIVIDUAL RETURNS)
Wholly tax-exempt obligations consist of securities the interest onwhich is wholly exempt from the normal income tax and surtax of theFederal Government. Partially tax-exempt obligations include secu-rities the interest on which is exempt from the normal income taxof the Federal Government and certain issues the interest on theprincipal amount up to $5,000 is also exempt from surtax. Duringthe calendar year 1932, the wholly tax-exempt obligations of theFederal Government, on which interest was paid, included bondsissued on or before September 1, 1917, First Liberty 3K percent bonds,Treasury bills, Treasury certificates of indebtedness, Treasury notes,securities issued under the Federal Farm Loan Act, and obligations ofUnited States possessions. Partially tax-exempt obligations of theFederal Government were Liberty 4 and 4% percent bonds and allTreasury bonds.
The following tabulation shows the wholly and partially tax-exempt obligations owned and interest received therefrom, segregatedby nature of obligation and by net income classes, reported in returnsof net income of $5,000 and over.
The amount of interest reported is the total amount received oraccrued. Since bond holdings are subject to variation during the year,the amount of bonds reported may include bonds for which no interestwas received or accrued, and, vice versa, the interest reported mayinclude interest on bonds which are not included in the amount ofbonds reported.
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18 STATISTICS OF INCOME
Wholly and partially tax-exempt obligations reported in individual returns for 1982of net income of $5,000 and over, showing amount owned and interest received bynature of obligations and net income classes
Net income classes
(Thousands of dollars)
Amount owned
Total
Wholly tax-exempt obligations
Total
Obligations ofStates and
Territories orpolitical sub-
divisionsthereof
Obligations ofthe United
States and itspossessions
and securitiesissued underFederal Farm
Loan Act1
Partiallytax-exemptobligations
of theUnitedStates 2
5-6-_6-7-7-8-8-9-_9-10
11-1212-1313-1414-1515-20-20-25- -25-3030-4040-5050-6060-70-70-8080-90-.-90-100-100-150-150-200-200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over..
$159,592,460131,366,770152, 813, 879114,167, 244106, 967,601
94, 257, 72481,829, 72276, 541, 55765, 088,26256, 980, 747
286, 517,007238, 950, 072217, 985, 245324, 974,179270, 748, 041279, 966, 610239.140, 418118,876,46994, 914, 63780, 799,894278, 896, 352160, 342, 47485, 783, 47272, 335,126151, 986, 46936, 591, 563128.141, 77372, 785, 52038, 646, 5521, 316,8003, 762, 650
$90, 510, 78577,572,379
103, 661, 64871,937,97971, 020, 95363, 070,00856, 338, 68247, 523, 85143, 768, 72038, 557, 345214, 602,845186, 447, 250178, 560, 939276, 834, 822232, 562, 203253,032, 559222, 709, 583108, 668, 23684, 703,86776, 017, 357
262, 671,883155, 635, 53782, 549, 17868, 075, 467149, 847, 92735, 731, 856126, 262, 25372, 074. 02037,890; 170
766, 5002, 235, 600
$60,190, 95453,853, 32576, 747, 29250,056, 59548, 546, 35946,146, 61441,100, 21532, 536,02832,156, 74726, 748, 706163, 595, 395127,913, 941121, 411,155206, 449, 300173,025, 307182,097, 314171, 417,80386,319, 23858, 475, 63356, 657, 777
202,080, 994103, 941, 11159, 345, 28551, 329, 952119,308,00124,068,816
103,161, 67348, 558,00013, 408, 285
286,000
$30,319; 83123, 719,05426,914, 35621,881, 38422,474, 59416,923, 39415, 238, 46714, 987,82311, 611,97311,808,63951,007,45058, 533, 30957,149, 78470, 385,52259, 536, 89670, 935, 24551, 291, 78022, 348,99826, 228, 23419, 359,58060, 590, 88951, 694, 42623, 203, 89316, 745, 51530, 539,92611, 663, 04023,100, 58023, 516, 02024, 481,885
766, 5001, 949, 600
$69,081, 67553, 794, 39149,152, 23142, 229, 26535, 946, 64831,187, 71625,491,04029, 017, 70621, 319, 54218,423, 40271, 914,16252, 502,82239,424,30648,139, 35738,185, 83826, 934, 05116,430,83510, 208, 23310, 210, 770
4, 782, 53716, 224, 469
4, 706, 9373, 234, 2944, 259, 6592,138, 542
859, 7071, 879, 520
711, 500756, 382550, 300
1, 527, 050
117, 216, 550 117,211,000 32, 360, 000 84,851, 000 5,550
To ta l .— 4,340,283,839 3, 609,053,402 2, 573, 293,815 1, 035, 759, 587 731, 230,437
1 Bonds issued on or before Sept. 1,1917, First Liberty Wi percent bonds, Treasury bills, Treasury certifi-cates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obliga-tions of United States possessions.
2 Liberty 4 and 4J4 percent bonds and all Treasury bonds.
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STATISTICS OF INCOME 19Wholly and partially tax-exempt obligations reported in individual returns for 1932
of net income of $5,000 and over, showing amount owned and interest received bynature of obligations and net income classes—Continued
Net income classes
(Thousands of dollars)
5-66-77-88-9 - , ._9-1010-11- .11-1212-13 . . . __13-1414-1515-2020-2525-30 -30-4040-5050-6060-7070-8080-9090-100100-150150-200 . .200-250.250-300300-400400-500 _ .500-750 .750-1,000- . -1,000-1,5001,500-2,0002,000-3,0003,000-4,000. . _ ._4,000-5,0005,000 and over
Total.
Interest received
Total
$8,725, 8897, 282,3567,841,2415,893,0045 608 9245, 445, 4574,107, 2203, 905, 6023,642, 2323, 025, 262
15, 727,13413,300, 64111,480,94519, 979,10615,985,96015, 226, 39213,091, 6737, 068, 8496, 273,4725, 552, 596
16,166,8199, 415,8955, 871, 6413,197, 9197, 436,1602, 347, 5325,025, 2212, 703, 6671, 260, 289
299, 703332, 395
4, 344, 727
237,565,923
Wholly tax-exempt obligations
Total
$5,599,1434,363,9515,424, 7683,923, 7473 872 3693, 773,4352, 945, 9362, 620, 0402, 742,0222,155, 230
11,770,28410,950,0489, 772,329
17, 603, 53014,315,26814,159,11412,112, 7076, 652, 7385,685,9265,342, 641
15,493,9119,228,6175,751,7163,028, 4257, 268,0182,316,5134,964, 5922,682,1321, 253, 016
292,383274, 995
4,344,491
202, 684, 035
Obligationsof States andTerritories orpolitical sub-
divisionsthereof
$3, 752, 2103,184, 0324,122, 9252,922, 8192, 893, 3872,894, 2902, 265, 8731,945,9252, 047, 5011, 652, 2479, 212, 5998,371,9807, 364,763
13, 475,96810, 447, 91211,276,1699,659,7645, 444, 7574, 635, 4634,356, 787
12, 713,1607,041, 8584, 477, 0792, 409,8156,005, 7841, 888, 2674,307, 5611, 937,176
506,121271, 284
17,080
1,723,968
155, 226, 524
Obligationsof the UnitedStates andits posses-sions andsecurities
issued underFederal
Farm LoanAct1
$1, 846,9331,179,9191,301,8431, 000, 928
978,982879,145680, 063674,115694,521502, 983
2, 557, 6852, 578,0682, 407, 5664,127, 5623,867, 3562,882, 9452, 452,9431, 207,9811, 050, 463
985,8542, 780, 7512,186, 7591, 274,637
618, 6101, 262, 234
428,246657,031744,956746, 895
21,099257, 915
2,620, 523
47,457, 511
Partiallytax-exemptobligations
of theUnitedStates 2
$3,126,7462,918,4052,416,4731,969, 2571,736,5551,672,0221,161, 2841, 285,562
900, 210870,032
3,956,8502,350, 5931, 708, 6162,375, 5761,670,6921, 067,278
978, 966416,111587,546209,955672,908187,278119,925169,494168,14231,01960, 62921, 5357,2737,320
57,400
236
34,881,888
1 Bonds issued on or before Sept. 1, 1917, First Liberty 3l4 percent bond, Treasury bills, Treasury cer-tificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obli-gations of United States possessions.
2 Liberty 4 and 4)4 percent bonds and all Treasury bonds*
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20 STATISTICS OF INCOME
RETURNS ON FORM 1040 WITH NO NET INCOME (INDIVIDUAL RETURNS)
As noted on page 1, the general tables for individual returns inthe Statistics of Income do not include data for returns which showno net income. Such returns are filed in accordance with the statu-tory requirements that every individual with gross income of $5,000and over, irrespective of the amount of net income or deficit, file anincome-tax return. Tabulations prepared from these returns bydeficit classes and by sources of income and deductions are shownbelow. The distribution of the returns by States and Territoriesand more detailed tabulation of the sources of income and deductionsby net deficit classes are shown in basic tables 10 and 11, page 131.
Individual returns for 1932 on form 101+0 with no net income, by deficit classesshowing number of returns, deficit, and totals for 1928 to 1981
Under 5—5-10 _10-2525-5050-100100-150150-300300-500500-1,000 .1,000 and over
Tota l . 1932__.19311930..19291928_
Deficit classes (thousands of dollars) Numberof returns
155,34323,60017,0185,9912,692
7236271708643
206, 293184,583144,86792, 54572,829
Deficit
$233, 604, 886165,667,073263, 201, 632207, 212, 577185, 510,06088,107,029
128, 547,41964,538,96958,831, 23185,700, 992
1, 480, 921,8681,936,878,3911,539,452,3961, 025,130,372
499, 213, 372
Individual returns for 1932 on form 1040 with no net income, showing sources ofincome and deductions 1
Sources of income and deductions Amount
Income:Wages and salaries _. _.Business _ _Partnership __Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale
of assets held more than 2 years _Rents and royaltiesInterest on Government obligations not wholly exempt from taxDividends on stock of domestic corporations _Fiduciary _Interest other than tax-exempt _ -.Other income _ ._.
Total income _ .__
Deductions:Taxes paid other than Federal income taxContributionsNet loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale
of assets held more than 2 yearsNet loss from business and partnership _Allother
Total deductions -.
Deficit
$219, 716,46454,880,33628,611,943
20, 601, 713105, 608,829
4, 234, 789216, 543, 807
18,842,898131,992,70130,558,844
831, 592,324
177,757,88812,651, 277
835, 279, 524519,339,905767, 485,598
2,312,514,192
1,480,921,868
]For general explanations, see pp. 1-5.
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STATISTICS OF INCOME 21
NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUALRETURNS)
The statistics showing the number of individual income-tax returnsfor 1932, by counties, cities, and by townships having a populationof 1,000 and over in the 1930 census, are issued in a separate mimeographed bulletin entitled "Individual Income Tax Returns for 1932—Number of Returns by States and by Counties, Cities, and Town-ships, " which was released May 7, 1934. Copies may be securedfrom the Bureau of Internal Revenue, Washington, D.C., upon re-quest. Information on net income and tax liability in individualincome-tax returns is not tabulated for smaller civil divisions thanStates and Territories.
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,are not subject to direct assessment—the income being reported bythe individual copartners according to their shares whether distributedor not. A special return of information concerning income is, how -ever, required from partnerships on form 1065.
The number of partnership returns filed for 1917 to 1932, inclusive,is as follows:Year— Number
1917 31, 7011918 100,7281919 175,8981920 240,7671921 259,3591922 287,9591923 304,9961924 321,158
Year Number1925 309,4141926 295,4251927 282,8411928 272,1271929 263,5191930 244,6701931 230,4071932 216,712
CORPORATION INCOME-TAX RETURNS
The number of income-tax returns filed by corporations for 1932was 508,636, as against 516,404 for 1931. Of the total number ofreturns for 1932, 82,646 showed net income, 369,238 no net income,and 56,752 no income data. The aggregate net income of all returnsshowing net income was $2,153,112,819 and the tax liability $286,-034,355.
Separate tabulations for fiscal year returns (not ending December)and for fractional (part) year returns, shown on pages 36 and 37,make it possible to segregate data for calendar year accountingperiods and for other accounting periods. In addition, separatetabulations of data from consolidated returns are shown on pages 34and 35, from which the significance of this form of return can beappraised. Consolidated returns represent the composite returnsof affiliated corporations filing under the provisions of the incometax law, which authorize such groups of corporations to submit aconsolidated income-tax return of the combined income, deductions,and tax for the affiliated concerns.
DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS,INCOME, AND TAX (CORPORATION RETURNS)
The table immediately following shows the returns of corporationsdistributed by major industrial groups and segregated according to"Returns showing net income/7 "Returns showing no net income,"and "Returns showing no income data—inactive corporations.7
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22 STATISTICS OF INCOME
Basic table 12, pages 134 and 135, shows the returns distributed byStates and Territories and likewise by those with net income, no netincome, and no income data (inactive corporations).
In analyzing the data compiled from returns classified under " Fi-nance— banking, insurance, real estate, stock and bond brokers,etc." allowance should be made for the two special deductions fromgross income permitted life insurance companies under paragraphs(2) and (4), subsection (a), section 203, Revenue Act of 1932, aggre-gating $669,630,405. In basic table 13, pages 136 to 157, the specialdeductions for life insurance companies are included in " Miscellaneousdeductions" under "Statutory deductions."
More detailed data by subgroups are shown in basic table 14,pages 148 to 153. Attention is called to the fact that the number ofreturns under serial number 74, basic table 14, "Domestic service,laundries, hotels, restaurants, etc.," show an increase of 5,312 returnsfor 1932 over 1931. This was in large part due to classifying in thisindustrial group concerns giving their business as operating apart-ments or office buildings, which previously were classified underserial number 86, "Finance—real estate and realty holding companies,realty development, holding, or leasing, realty trusts, etc.
Corporation returns for 1932 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, gross income,deductions, net income or deficit, net loss for prior year, income tax, and percent-ages; also number and percent of returns of inactive corporations l
Industrial groupsTotal
numberof returns
Returns showing net income
Number Percentof total Gross income 2 Deductions 2
Agriculture and related industriesMining and quarrying
Manufacturing:Food products, including beverages,Tobacco productsTextiles and their productsLeather and its manufacturesRubber productsForest productsPaper, pulp, and productsPrinting, publishing, and allied in-
dustriesChemicals and allied productsStone, clay, and glass productsMetal and its productsManufacturing not elsewhere classi-
fied
Total manufacturing
ConstructionTransportation and other public utilities-TradeService—professional, amusements, hotels,
etcFinance—banking, insurance, real estate,
stock and bond brokers, etcNature of business not given
Grand total
10,97717, 218
14,968382
14, 6372,331
5446,7072,097
12,1007,4434,268
18,877
7,495
91,849
19,04624, 038
135, 977
47, 568
143,80518,158
508, 636
1,1532,868
10.5116.66
$133, 033, 683537, 578,129
$127,054, 515474, 903, 540
3, 629114
2,46746896
541473
2,1551,741
424
1, 917
960
14, 985
24.2529.8416.8520.0817.658.07
22.56
17.8123.399.93
10.16
12.81
4, 430, 703,903978,533,124
1,211,515,638371,437, 669127, 581, 29595,829, 316
291, 718,829
888, 483, 6742, 761, 691,407
184,622,0231, 031, 353, 465
323, 321, 716
4, 231, 316, 554840,134, 571
1,170, 463,903352,750,328124,802,49490, 558,365
275,118, 386
829, 679,3282, 593,913,875
171,352, 362960, 255, 649
298,944,855
16.32 12, 696, 792, 059 11,939, 290,670
2,1156,700
20, 951
7,140
26, 395339
11.1027.8715.41
15.01
18.361.87
468, 669, 5564,851,474,1949, 329, 422, 300
910, 255,138
2,778,019,2852, 718, 951
437,979,0124,143,306, 2829,094, 748, 798
845,862, 954
3 2, 490,027,0191, 677, 686
82, 646 16.25 31, 707,963, 295 29, 554, 850, 476
1 For general explanations, see pp. 1-5.2 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respec-
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5.respectively, on face of return).
3 Includes special nonexpense deductions of life insurance companies. (See p. 22.)
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STATISTICS OF INCOME 23
Corporation returns for 1982 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, gross income,deductions, net income or deficit, net loss for prior year, income tax, and percent-
also number and percent of returns of inactive corporations1—Continued
Industrial groups
Returns showing net income—Continued
Net incomeNet lossfor prior
year
Income tax
AmountPercentof net
income
Percentof total
tax
Agriculture and related industries _-Mining and quarrying _
Manufacturing:Food products, including beverages..Tobacco productsTextiles and their productsLeather and its manufacturesRubber productsForest productsPaper, pulp, and productsPrinting, publishing, and allied in-
dustriesChemicals and allied productsStone, clay, and glass productsMetal and its productsManufacturing not elsewhere classi-
fied - - . .
Total manufacturing
ConstructionTransportation and other public utilities-TradeService—professional, amusements, hotels,
etcFinance—banking, insurance, real estate,
stock and bond brokers, etcNature of business not given
Grand total
$5,979,16862, 674, 589
$1, 058, 9858, 655,040
$674, 8707, 444, 792
199, 387, 349138, 398, 55841, 051, 73518, 687, 3412, 778, 8015. 270, 951
16, 600, 443
58,804, 346167, 777, 53213, 269, 66171, 097, 816
24, 376, 861
757, 501, 389
30, 690, 544708,167,912234, 673, 502
64, 392,184
287, 992, 2661, 041, 265
2,153,112,819
16, 433, 01139, 031
2, 913,196666, 571583, 670394, 660462, 354
2, 293, 5385, 456, 727
418, 3892,174, 965
807, 805
25, 201, 26819, 061, 4525, 047,4712, 404,049
300, 694665, 607
2, 236, 932
7,794, 73522, 644, 455
1, 760, 3819, 558, 396
3, 273,431
32, 643,917 99, 948, 871
4, 073, 2755, 638, 469
12,106, 539
3, 791, 363
20, 453, 24556,165
3, 638, 55298,118,14330, 644,112
8,854, 072
36, 575, 894135,049
88,476,998 286,034, 355
11.2911.88
12.6413. 7712. 3012.8710.8212.6313. 48
13. 2613.5013.2713.44
13.43
13.19
11.8613.8613.06
13.75
12.7012.96
13.28
0.242.60
S.816.661.76.84.11.23.78
2.737.92.62
3.34
1.14
34.941.27
34.3010.71
3.10
12.79.05
100. 00
3For genera;explanation, see pp. 1-5
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24 STATISTICS OF INCOME
Corporation returns for 1932 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, gross income,deductions, net income or deficit, net loss for prior year, income tax, and precent-ages; also number and percent of returns of inactive corporations1—Continued
Industrial groups
Agriculture and relatedindustries
Mining and quarrying....
Manufacturing:Food products, in-
cluding beverages—Tobacco productsTextiles and their
productsLeather and its manu-
factures—Rubber productsForest productsPaper, pulp, and
products _-Printing, publishing,
and allied indus-tries . .
Chemicals and alliedproducts
Stone, clay, and glassproducts
Metal and its prod-ucts
Manufacturing notelsewhere classified.
Total manufac-turing
ConstructionTransportation and other
public utilitiesTradeService — professional,
amusements, hotels, etc.Finance—banking, insur-
ance, real estate, stockand bond brokers, etc..
Nature of business notgiven
Grand total
Returns showing no net income
Num-ber
8,6159,178
10,653256
11,872
1,816426
5,929
1,582
9,510
5, 315
3,685
16,191
5,696
72,931
15,204
14,981111, 363
36,142
98,725
2,099
369,238
Percentof total
78.4853.30
71.1767.02
81.11
77.9078.3188.40
75.44
78.59
71.41
86.34
85.77
76.00
79.40
79.83
62.3281.90
75.98
68.65
11.56
72.59
Gross income2
$235,119, 5381,127, 296, 762
2,85S, 953, 28961,188, 010
2,672, 436,135
469,592, 93o507,934, 601758,131, 256
717, 677,616
900, 272,673
3, 696, 098,847
485,793,949
5,475,380,287
676,231,502
19, 279, 691,100
969, 245,825
6, 387, 531,50913,804,005,301
2,181, 585, 620
5,378,895, 521
12,403,366
49,375,774,542
Deductions 2
$330,081, 2641,414, 338,804
3, 066,164, 41566,338, 642
3, 004, 685, 046
531, 390,129549, 452, 015970, 520, 653
798, 750, 518
996,443,004
3,919,364, 632
595,891, 967
6, 529,946,343
814,598,926
21,843, 546, 290
1,110, 305, 426
7, 226,582,92514,843,928,974
2, 662,066,295
3 7, 714, 395, 344
27,215,972
57,172,461,294
Deficit
$94,961, 726287,042,042
207,211,1265,150,632
332,248,911
61, 797,19441, 517,414
212,389, 397
81, 072, 902
96,170,331
223, 265, 785
110,098,018
1,054, 566,056
138,367,424
2,563,855,190
141,059,601
839,051,4161,039,923, 673
480,480,675
2,335,499,823
14,812,606
7,796,686,752
Returns show-ing no incomedata—Inactivecorporations
Num-ber
1,2095,172
68612
298
4722
237
42
435
387
159
769
839
3,933
1,727
2,3573,663
4,286
18,685
15,720
56,752
Percentof total
11.0130.04
4.583.14
2.04
2.024.043.53
2.00
3.60
5.20
3.7a
4.07
11.19
4.28
9.07
9.812 69
9.01
12.99
86.57
11.16
* For general explanations, see pp. 1-5.2 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respec-
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5»respectively, on face of return).
s Includes special nonexpense deductions of life insurance companies. (See p. 22.)
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STATISTICS OP INCOME 25DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)
The following table shows for corporation returns, by net incomeand deficit classes, the number of returns, net income or deficit, tax,and percentages; also the number of returns filed for inactive cor-porations showing no income data:
Corporation returns for 1982, by net income and deficit classes, showing number ofreturns, net income or deficit, tax, and percentages
Net income classes
(Thousands of dollars)
Under 1 . _ _..1-2 .2-33-4. . .4-55-10,-10-1515-2020-25 . .25-5050-100100-250250-500500-1,0001,000-5,0005 000 and over
Total
Returns showing net income
Returns
Number
42,07010,4035,7343,3212,4996,2592,9621,7961,1722,7001,6231,159
42923522559
82,646
Percent
50.9012.596.944.023.027.573.582.181.423.271.961.40.52.29.27.07
100.00
Net income
Amount
$13,121,08914,912,47714, 080, 59811, 505, 57711,196,10344, 504,96336, 271, 21431,157, 75826, 212, 73394, 912, 533
113, 642, 596176, 675, 539150, 685, 617165, 567,152464,892,154783, 774, 716
2,153,112,819
Percent
0.60.69.65.53.52
2.071.691.451.224.415.288.217.007.69
21.5936.40
100. 00
Tax
Amount
$1,366,4311,549,0861,507,75,41, 258, 3111, 254,8475,137, 2914,307, 7903,805,8693, 230,134
11,906, 07714, 554, 56823, 719, 03820,198, 42821, 969, 50162,455, 111
107,814,119
286,034, 355
Percent
0.48.54.53.44.44
1.801.511.331.134.165.098.297.067.68
21.8337.69
100.00
Deficit classes
(Thousands of dollars)
Under 11-2 _ .2-33-4 . . .4-55-10 .10-1515-20 -20-2525-5050-100100-250 - - ---250-500500-1,000 " - -1,000-5,000 . - - -5,000 and over _-
TotalReturns showing no income data—Inactive corporations.
Returns showing no net income
Returns
Number
131,27348,62J631,14622,84416,44944,85420,18911, 7417,458
16,5958,7785,5921,835
934782142
369, 23856, 752
Percent
35.5513.178.446.194.45
12.155.473.182.024.492.381.51.50.25.21.04
100.00
Deficit
Amount
$45,683, 27070,860, 58876,892, 42279, 367,37473,621, 344
318,709, 670246,909, 650203,129, 345166, 735, 726579,563,381608, 297,550851,932,516636, 357,103650,386,391
1,544,855, 2531, 643, 385,169
7,796,686, 752
Percent
0.59.91.99
1.02.94
4 093.172.612.147.437.80
10.938.168.34
19.8021.08
100.00
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26 STATISTICS OF INCOME
NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS)
The net loss during a given taxable year in a trade or business regu-larly carried on by the taxpayer, as specifically defined in the RevenueActs of 1921 to 1928, inclusive, is allowed as a deduction in computingthe net income of the taxpayer for the two succeeding taxable years.If such net loss is in excess of the net income (computed without suchdeduction) for that year, the amount of the excess may be carriedover and allowed as a deduction in computing the net income for thenext succeeding taxable year. Under the Revenue Act of 1932 netlosses for 1931 only are allowed as deductions in computing net incomeof the taxpa}^er for 1932.
The excess net losses being of prior origin are not included in thetabulated current year deductions in arriving at the tabulated netincome figure. Only the reported "Net loss for prior year," whichis taken as a deduction, is tabulated.
"Net loss for prior year" reported and effective as a deduction indetermining net income in the corporation returns for 1922 to 1932,inclusive, is given below:
Year— Amount1922 $501,780,2871923 578, 307, 0881924 219, 727, 1661925 243, 078, 5651926 235, 851, 0121927 244, 293, 375
Year— Amount1928 $301,146,1761929 392, 177, 2161930 157, 880, 2491931 136, 004, 7601932 88, 476, 998
INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OFTHE UNITED STATES (CORPORATION RETURNS)
The amounts reported for tax credit by corporations for income andprofits taxes paid foreign countries or possessions of the United Statesare shown below for the years 1925 to 1932, inclusive. These amountsare tax credits and have not been deducted from the figures on taxshown in the tables in this report. Attention is directed to the changedprovisions affecting this credit in section 131 of the Revenue Act of1932.
Income and profits taxes paid foreign countries—Corporation returns for 1925 to 1932
Year— Amount1925 $20,139,9951926 21, 653, 9941927 24, 236, 9551928 32, 487, 634
Year— Amount1929 $35,221,7081930___ 29, 138, 8671931 18, 975, 7431932 7, 347, 201
DIVIDENDS PAID (CORPORATION RETURNS)
The amounts of cash and stock dividends paid on the capital stockof domestic corporations other than life insurance companies, asreported in the corporation income-tax returns for 1932, are, cashdividends, $3,885,600,731, and stock dividends, $143,076,315. Thesepayments represent a reduction from 1931 of 36.8 percent for cashdividends and of 12.5 percent for stock dividends.
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STATISTICS OF INCOME 27
In basic table 12, pages 134 and 135, are shown for 1932 by States,the dividend payments reported on returns showing net income andno net income; in basic table 13, pages 136 to 147, are shown the divi-dend payments for 1932 by major industrial groups and by corpora-tions reporting net income and no net income; and in basic table 16pages 160 to 165, the same data are shown for returns by size of totalassets. Total dividends distributed by corporations for the years1922 to 1932, inclusive, are shown below:
Cash and stock dividends paid by corporations, other than life insurance companies^corporation returns for 1922 to 1932
Year
192219231924192519261927119281929193019311932 _
Aggregate
Cashdividends
$3,436, 715,1044,169,117, 6784,338,822, 8585,189, 474, 5075,945, 292, 6576,423,176, 2067,073, 723,4518, 355, 661, 7458, 202, 241,1106,151, 082, 7823,885,600,731
Stockdividends
$3, 348,049,865891, 285, 583510, 525,809544, 431, 367757, 649, 610702, 501, 245550,128,426
1, 288, 642, 553414,180, 425163, 530,417143, 076, 315
Returns showing net income
Cashdividends
$3,182,869,9853.820,619, 6423, 994,900, 7544, 817, 301, 3205, 530,210, 5865, 785,475, 5736, 585,169,1817,841,802,1356, 841,049,9003, 871,879, 7822, 320, 386,071
Stockdividends
$3,166,915, 574787,167,102466,820,095502,489, 520716, 219,451642,177, 901509,852,997
1,193,896,039250,499, 35177,886,90189,954, 717
Returns showing no netincome
Cashdividends
$253,845,119348,498,036343,832,104372,173,187415, 082,071637,700, 633488, 554, 270513,859,610
1, 361,191, 2102, 279, 203,0001, 565, 214, 660
Stockdividends
$181,134,291104,118,48143, 705, 71441,941,84741,430,15960, 323, 34440,275,42994,746, 514
163, 681,07485, 643, 51653,121, 598
1 Revised figures.
COMPILED RECEIPTS AND STATUTORY DEDUCTIONS (CORPORATION RETURNS)
In the table on page 28 there appears a summary of the analysis ofcompiled receipts and statutory deductions for 451,884 returns ofactive corporations, classified by corporations submitting and notsubmitting balance sheets. Similar statistics for all active corpora-tions without segregation as to corporations submitting and not sub-mitting balance sheets by major industrial groups and by returnsshowing net income and no net income, is presented in basic table13, pages 136 to 147. In connection with these figures attention isdirected to the revision in form 1120, items 2 to 6, for reporting grosssales and gross receipts from other operations. (See form 1120,p. 226.)
Compiled receipts consist of reported taxable income [gross sales,gross receipts from other operations, interest received, rents received,profits from sale of capital assets (real estate, stocks, bonds, etc.), andother items of taxable income grouped as " Miscellaneous receipts"]and nontaxable income items of major importance (dividends receivedon capital stock of domestic corporations and interest oil Federal,State, and municipal bonds)., Statutory deductions consist of suchitems as cost of goods sold, compensation of officers, interest paid,taxes paid other than income tax, bad debts, depreciation and deple-tion, loss from the sale of capital assets (real estate, stocks, bonds,etc.), and items not classified grouped as "Miscellaneous deductions/'The amount tabulated as "Cost of goods sold7' includes salaries andwages only when shown specifically in item 2 (c) on the face of thereturn (see form 1120, p. 226). Salaries and wages which may beallocable to item 2 (c) but which were reported elsewhere on thereturn were tabulated as "Miscellaneous deductions."
61684—34-
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28 STATISTICS OF INCOME
Table 13 also shows the compiled net profit (or compiled net deficit),statutory net income or deficit, net loss for prior year, income tax,and compiled net profit after deducting tax. Compiled net profit isthe excess of compiled receipts over statutory deductions, and com-piled net deficit is the excess of statutory deductions over compiledreceipts. Part 1 of this basic table shows the aggregate data for allreturns; part 2, for returns showing net income; and part 3, for re-turns showing no net income.
For statement of compiled receipts and statutory deductions forall corporations submitting balance sheets distributed by majorindustrial groups and by returns showing net income and no netincome, see table 15, pages 154 to 159, and table 16, pages 160 to 165.
In using data by industrial classes, the peculiarities with respectto income tax returns which prevent a pure industrial classification,as outlined on page 4, should be borne in mind.
Corporation returns for 1932 showing number of returns, compiled receipts and stat-utory deductions, net deficit, statutory net income less deficit, tax, and dividendspaid, by corporations submitting and not submitting balance sheets
All returns
TotalCorporations
submitting bal-lance sheets
Corporationsnot submit-ting balance
sheets
Number of returns
Receipts, taxable income:Gross sales J _.Gross receipts from other operations 2__.InterestRents _Profit, sale of capital assetsMiscellaneous receipts-..
Receipts, tax-exempt income:Dividends from domestic corporations-Interest on tax-exempt obligations3
451,884 392,021
$53,099,400, 76619, 778, 546, 6953,490,813,2501,925,917,551
142,455,1611, 386, 622, 901
1,259,981,513554, 249, 951
$52,390, 678, 94118,835,252,0943,418,134,4081,813,018,955
136,293,1931,355,784, 330
1, 206, 694, 673544,695,191
$708,721,825943, 294,601
72, 678,842112,898, 596
6,161,96830,838, 571
53, 286,8409,554,760
Total compiled receipts 4 81,637, 987, 7 79, 700, 551, 785
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax..Bad debtsDepreciationDepletionLoss, sale of capital assetsMiscellaneous deductions
41,297,2,132,4, 043,2,087,1,313,3, 693,
246,1, 705,
28, 948,
311,345596,511
i,994337, 233305, 713122,516543,614174, 639851,692
40, 709,2, 063,3,2,011,1,284,3,623,
242,1, 538,27,831,
225, 438707,540279,064830,957623,905714, 706296,383077, 780525, 238
1,937,436,003
588, 085, 90768,888,971136,807,93075, 506, 27628,681,80869,407,8104,247, 231
167,096,8591,117,326,454
Total statutory deductions 85,467,330,257 83,211,281,011 2, 256,049,246
Compiled net deficitExcess of statutory net deficit over statutory net income.Net loss for prior year _Income tax _Compiled net deficit plus income tax.Cash dividends paidStock dividends paid
3,829, 342,4695, 643, 573,933
88, 476, 998286,034, 355
4,115,376,8243,885, 600, 731
143,076, 315
3, 510, 729, 2265, 262,119, 090
84, 738,693282,059,479
3, 792, 788, 7053,853,942,910
142, 422,028
318,613, 243381,454,843
3,738, 3053, 974,876
322,588,11931,657,821
654, 287
1 Gross sales where inventories are an income-determining factor,deductions.
For "cost of goods sold", see Statutory2 Gross receipts from operations where inventories are not an income-determining factor. Costs are
included under "Miscellaneous deductions."3 Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.4 Include net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividendson stock of domestic corporations as reported in schedule L of the return.
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STATISTICS OF INCOME 2 9
ASSETS AND LIABILITIES (CORPORATION RETURNS)
In the table on page 30 is shown for 392,021 corporation returnsout of 451,884 returns of active corporations, a summary statementof the principal assets and liabilities as of December 31, 1932, or atthe close of the fiscal year nearest thereto; also a tabulation by netincome and deficit classes showing the number of returns and thenumber of balance sheets tabulated. The difference between thenumber of balance sheets tabulated and the number of returns repre-sents returns of active corporations that did not submit balancesheets or for which data were of fragmentary nature. In basictable 15, pages 154 to 159, the same data are shown by major industrialgroups. This table also includes items of compiled receipts andstatutory deductions for active corporations which submitted balancesheets. For descriptive statement of compiled receipts and statutorydeductions, see page 27.
In using data by industrial groups the peculiarities with respect toincome-tax returns which prevent a pure industrial classification, asoutlined on page 4, should be borne in mind.
The following changes in classification of data affect the compara-bility of asset and liability data over a period of years: Prior to 1929,"Investments other than tax-exempt" were not segregated from"Miscellaneous assets not distributed." Prior to 1930, stocks, bondsother than tax-exempt, loans, mortgages, etc., owned by life insurancecompanies were classified as " Miscellaneous assets not distributed"and beginning with 1930 as "Investments other than tax-exempt."Moreover, the returns of corporations become more complete eachyear with respect to the definite allocation of their forms of assets,thus steadily decreasing the proportion tabulated as "Miscellaneousassets not distributed'7 as well as causing certain shifts as betweenthe principal forms of assets and liabilities. Shifts have been notedbetween years particularly under "Liabilities" in the amountsreported as "Common stock'7 and "Preferred stock" due to varia-tions in reporting these data. For balance sheets in which commonand preferred stock are not reported separately, the combined amountis tabulated as "Common stock." For balance sheets with no parstock and not reporting capital stock value, the net worth is tabulatedunder "Surplus and undivided profits."
Items not otherwise distributed are classified as "Miscellaneousassets" and "Miscellaneous liabilities," among which are thefollowing:
Miscellaneous assets. — Copyrights; formulas; good will; patents;trade marks; sinking funds; other funds; deferred charges; organiza-tion expenses; prepaid and suspense items; interest, discount, coupons,and dividends receivable; guaranty deposits, and deposits on contracts,meters, and leaseholds; cash value of life insurance. Miscellaneousassets of life insurance companies include market value of real estateand bonds in excess of book value; interest, rents, and premiums due;agents' balances.
Miscellaneous liabilities. — All reserves other than surplus and re-serves for depletion, depreciation, and bad debts; deferred and suspenseitems; funds held in trust; borrowed securities; discount and dividendspayable; outstanding coupons and certificates; overdrafts. Miscel-
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30 STATISTICS OF INCOME
laneous liabilities of life insurance companies include the net value ofoutstanding policies and securities and borrowed money. Miscella-neous liabilities of banks include deposits (time, saving, demand, etc.),and bank notes in circulation.
Assets and liabilities of corporations submitting balance sheets for 1932, by returnswith net income and no net income, showing major items of assets and liabilitiesas of Dec. 81, 1932, or at the close of the fiscal year nearest thereto
Assets and liabilities Aggregate Returns show-ing net income
Returns show-ing no net
income
Assets:Cash (in till and deposits in banks)Notes receivable and accounts receivable (less re-
serve for bad debts) _InventoryTax-exempt investments—obligations of States and
Territories or political subdivisions; securitiesissued under the Federal Farm Loan Act andobligations of the United States or its possessions.
Investments other than tax-exempt—stocks, bonds,mortgages, loans, real estate, etc
Capital assets—real estate, buildings, equipment,etc. (less depreciation)... —.
Miscellaneous assets not distributed
Total assets
Liabilities:Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilities not distributedCapital stock:
Preferred _Common
Total capital stock
Surplus and undivided profits —Less deficit
Net surplus —
Total liabilities
$15,917,201,936
39, 563,538,42512,372,459,026
11,916, 863,928
75,630, 257,202
108, 553,151, 09716,129,451,247
$4,041,561,437
8,407,493,4353,594,497,675
3,584, 561,414
26, 834,365, 507
32,903,113,5904, 706,988,526
$11,875,640,499
31,156,044,9908,777,961,351
8,332,302,514
48,795,891,695
75,650,037,50711,422,462,721
280,082,922, 861 84, 072, 581, 584 196, 010,341, 277
20,562, 272,09747,310,414,11478,641, 719,130
19, 075,893,30778,413, 099,209
4, 626, 078,55811,183,953,67725, 256,592,044
5,652,463, 22523, 259,439,167
15,936,193,53936,126,460,43753,385,127,086
13,423,430,08255,153,660, 042
97,488,992,516 28,911,902,392 68,577,090,124
45, 663,746, 2749,584, 221, 270
14, 638, 235,421544,180, 508
31, 025,510, 8539,040, 040, 762
36,079, 525, 004 14, 094, 054,913 21,985,470, 091
280,082,922,861 84,072,581,584 196, 010,341, 277
Number of corporation returns filed for 1932 and number of balance sheets tabulatedby net income and deficit classes
Net income and deficit classes
(Thousands of dollars)
Under 11-2 - . .2-33-44-55-1010-1515-2020-25 - -25-5050-100100-250 -250-500500-1,0001,000-5,0005 000 and over.
TotalReturns with no income data-
inactive corporations
Returns showing net income
Numberof returns
42,07010,4035,7343,3212,4996,2592,9621,7961,1722,7001,6231,159
42923522559
82,646
Numberof balance
sheets
34,9199,4985,3423,1252,3646,0282,8731,7441,1382,6281,5761,130
41723022059
73,291
Percent ofbalancesheets toreturns
83.0091.3093.1694.1094.6096.3197.0097.1097.1097.3397.1097.5097.2097.8797.78
100.00
88.68
Returns showing no net income
Numberof returns
131,27348,62631,14622,84416,44944, 85420,18911,7417,458
16, 5958,7785,5921,835
934782142
369,238
56,752
Numberof balance
sheets
101,88341,71527,68820,65815,02841, 75519, 05511,1247,071
15,7258,2705,2811,723
872743139
318,730
Percent ofbalancesheets toreturns
77.6185.7988.9090.4391.3693.0994.3894.7494.8194.7694.2194.4493.9093.3695.0197.89
86.32
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STATISTICS OF INCOME 3 1
ASSETS, AND LIABILITIES, COMPILED RECEIPTS, AND STATUTORY DEDUC-TIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS)
The following table summarizes certain major items of identicalcorporations, by total assets classes, including number of returns,total assets, total compiled receipts, compiled net profit or deficitfor all returns, and for returns with net income and no net income.These data are compiled from 392,021 returns filed by corporationsthat submitted balance sheets. The difference between this numberand 451,884 of active corporations represents returns of active cor-porations that did not submit balance sheets, or for which balancesheet data were of a fragmentary nature. In connection with theclassification of corporation data by size of total assets, attention isdirected to the fact that the balance sheet form " Schedule K" of thecorporation income-tax return (reprinted on p. 227) provides, in thereporting of assets, that reserves for depreciation of capital assetsbe deducted from the gross amount of capital assets and also thatreserves for bad debts be deducted from the gross amount of accountsreceivable.
In basic table 16, pages 160 to 165, are shown in greater detail theprincipal assets and liabilities as of December 31, 1932, or at theclose of the fiscal year nearest thereto, and the principal items ofcompiled receipts and statutory deductions. In basic table 17,pages 166 to 182, are shown by major industrial groups and totalassets classes selected items of assets and liabilities as of December31, 1932, or at close of fiscal year nearest thereto, selected items ofreceipts, compiled net profit or deficit, statutory net income or deficit,and cash dividends paid. For a descriptive statement of assets andliabilities see pages 29 and 31, and of compiled receipts and statutorydeductions, see page 27.
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32 STATISTICS OF INCOME
Returns of corporations submitting balance sheets for 1932 by total assets classes andby returns with net income and no net income, showing number of returns, totalassets, total compiled receipts, compiled net profit or deficit, and statutory netincome or deficit for all returns
Total assets classes
(Thousands of dollars)
Numberof re-turns
Total assets—total liabilities
Total com-piled receipts
Compiled netprofit ordeficit2
Statutory netincome or
deficit
All returns
Under 50 - 206, 47750-100. i 58,320100-250. .—! 59,500250-500_500-1,000.1,000-5,0005,000-10,00010,000-50,000....50,000 and over.
Total..
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000—-50,000 and over _
Total-
Under 5050-100100-250250-500._500-1,0001,000-5,0005,000-10,00010,000-50,000.-..50,000 and over.
28, 42217, 59016, 7052,4421,947618
392, 021
$3,869,4,153,9,414,9, "12, 288,34, 432,16,857,39, 839,149, 240,
795,939154,203271,244082, 410836, 567067,998002, 769093,926617,805
280, 082, 922, 861
$6, 340,4,100,6, 561,5, 297,5,087,10, 744,4, 626,9,905,27,037,
344,755681, 584376, 434107,462559,898135, 226545,196390, 730410, 500
79, 700, 551, 785
s $608,3 312,3 484,3 378,3 394,3 834,3 335,3 494,331,
678, 729322, 231010, 230592,977540, 357141, 547150,479891,069598, 393
3 3, 510, 729, 226
3 $612, 267,9553 317, 770,0383 501,986,9653 405, 663,0723 442, 750, 388
3 1,035,626,2363 452,799, 7273 781, 627, 4453 711,627,264
3 5, 262,119, 090
Returns showing net income
33,51211,72612,6106,3443,9633,775625535201
73, 291
$686, 689, 227841, 519, 098
2,002,912,0872, 236,156, 6622, 771, 518, 7197, 909, 929,8584, 346,144,15711,516,173,47351, 761, 538, 303
84,072,581,584
$1, 379, 234, 0881,144,396,9092,110,596,4341,940, 425, 5772,036,968,3494,033,810, 2572,070,315, 5934, 213,987,09612,491,610,086
31, 421, 344, 389
$44, 216,10840, 348, 63189, 008,899100, 723, 253121, 541, 775314, 536,414188,417,849440, 257,843
1,357, 687,448
2,696, 738, 220
$43,463, 77039, 224, 35484, 733, 79394, 313, 303110,138,942269, 281, 603156,132,997354,142,780967, 655, 773
2,119,387,315
Returns showing no net income
172, 96546, 59446, 89022, 07813, 62712,9301,8171,412417
Total. _ 318,730
$3,183,106, 7123, 311, 635,1057, 411, 359,1577, 751, 925, 7489, 517, 317,84826, 522,138,14012, 510, 858, 61228, 322, 920,45397,479,079, 502
196, 010, 341, 277
$4,961,110,6672,956, 284, 6754, 450, 780,0003, 356,681,8853,050, 591, 5496, 710, 324, 9692, 556, 229,6035,691,403,634
14, 545, 800,414
48, 279, 207, 396
3 $652,894, 8373 352, 670,8623 573,019,1293 479, 316, 2303 516, 082,132
3 1,148, 677,9613 523,568, 328?• 935,148,912
3 1, 026,089,055
6, 207,467,446
3$655,731,7253 356,994,3923 586,720, 7583 499,976, 3753 552,889, 330
3 1,304,907,8393 609, 232, 724
31,135, 770, 2253 1,679, 283,037
3 7, 381, 506, 405
1 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.). but not gross receipts fromthese items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends onstock of domestic corporations as reported in schedule L of the return.
2 Compiled net profit or deficit is total compiled receipts, less statutory deductions.3 Deficit.
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STATISTICS OF INCOME 33
CONSOLIDATED RETURNS (CORPORATION RETURNS)
There were 7,426 consolidated income-tax returns filed for 1932 foraffiliated corporations, as against 8,495 for 1931. As provided bysection 141 (a) and (d), Revenue Acts of 1928 and 1932, applicableto the taxable year 1932 and subsequent taxable years, a consolidatedreturn may be filed where one or more chains of corporations areconnected through stock ownership with a common-parent corpora-tion, at least 95 percent of the stock of each of the corporations(except the common parent) being owned directly by one or more ofthe other corporations, and the common-parent corporation owningdirectly at least 95 percent of the stock of at least one of the othercorporations. Of the consolidated returns for 1932, 1,272 showed netincome aggregating $502,380,939. The number of consolidated re-turns filed was about 1.5 percent of all corporation returns. However,the net income reported in consolidated returns was 23.3 percent ofthe net income of all returns showing net income, and the tax 23.5percent of the total tax for all corporations. Attention is directedto the fact that the Revenue Act of 1932 applied an additional rateof three-fourths of 1 percent to the income reported in consolidatedreturns for 1932, making the rate 14% percent.
Presented below are tables prepared from the consolidated returnsshowing the returns distributed by major industrial groups, by netincome and deficit classes, and by number of subsidiaries. In inter-preting the data contained in these tables it is essential to note thatthe industrial classification is based on the predominant business ofthe affiliated corporations for which the consolidated return is filed.If it were possible to segregate the income of the subsidiary or affil-iated concerns, the data for such concerns might fall in industrialdivisions other than the ones in which they are here included. Atten-tion is also directed to the fact that the data for consolidated returnsare included in the general tables of corporation income throughoutthis report.
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34 STATISTICS OF INCOME
Consolidated corporation returns for 1932 by major industrial groups, showing totalnumber of returns, number with net income and no net income, gross income, netincome or deficit, net loss for prior year, and income tax x
Industrial groups
Totalnum-ber
of re-turns
Keturns showing net income
Num-ber
Grossincome 2 Net income
Net lossfor prior
yearIncome
tax
Agriculture and related industries..Mining and quarrying
Manufacturing:Food products, including bev-
erages -Tobacco productsTextiles and their productsLeather and its manufactures..Rubber products—Forest productsPaper, pulp, and productsPrinting, publishing, and allied
industriesChemicals and allied products—Stone, clay, and glass products.Metal and its productsManufacturing not elsewhere
classified
Total manufacturing
Construction.._Transportation and other public
utilitiesTradeService—professional, amusements,
hotels, etc _Finance—banking, insurance, real
estate and holding companies,stock and bond brokers, etc
Nature of business not given
Grand total
103425
$76,084,161233, 604,570
$1, 516,90711,036,655
$24,9325,437,557
$215,889811,257
35215
3006937
20684
224308100661
186
1004
37158
1012
2, 494, 652, 62369, 566, 895
117,498, 79066,168, 243
101, 379,6364,981,633
33, 424, 596
297,427,1251, 762, 613, 804
8,378, 296374,810,379
129,379,489
61, 713,1054, 378,4893, 727,6502,533,5911, 254,716
170, 438858,958
7,730,40462, 780,114
165,29319,163,136
10,849,944
13,950,119
120,0696,813
514,86141,054
708
900,7344,437,008
1,085216,886
7,445
6,862,622634, 881414,229311, 341101, 531
18,760124,249
984,5148,420, 720
23, 8092, 740,638
1, 544, 551
2,542 430 5,460, 281, 509 175,325,838 20,196,782 22,181 345
176
6371,278
551
1,7077
30
148233
105
249
41, 935,494
2, 571, 984, 2162, 239, 291, 580
212, 735,504
212,959,654
2, 237,545
231,419, 49855,742,345
11,696,371
13,405,780
1,298, 633
2, 719,8712, 039, 627
412,455
2,873,201
136,464
33,160,5667,750,262
1,561,608
1,517,154
7,426 1,272 11,048,876,688 502, 380,939 35,003,058 67,335, 045
Industrial groupsReturns showing no net income
Number Gross income 2 Deficit
Agriculture and related industriesMining and quarryingManufacturing:
Food products, including beveragesTobacco productsTextiles and their productsLeather and its manufacturesRubber productsForest productsPaper, pulp, and productsPrinting, publishing, and allied industriesChemicals and allied productsStone, clay, and glass productsMetal and its products _Manufacturing not elsewhere classified
Total manufacturing
Construction _ _Transportation and other public utilitiesTradeService—professional, amusements, hotels, etcFinance—banking, insurance, real estate, stock and bond
brokers, etc _.. _Nature of business not given
Grand total
362$38,338,055700,927,072
25211
2635429
19672
156227
96597159
1,417,164,32429,025,944
502,217,013135, 425, 322424, 994, 734218,437,325308, 790,114208,476,862
3,182,300,023204,802,283
3, 393, 709,446237, 710,739
$12,004,348150,649,693
88,287,3462,809, 025
87,118, 28018,622,09331, 847,50958,387, 78733,329, 95216,812, 014
168, 751, 60928,953,016
522,402,19156,439, 341
2,112 10,263,054,129 1,113, 760,163
146489
1,045446
1,4587
181, 762, 9835.171,918,8232, 740, 782,405
649,193, 309
1,340,466,42815, 417
24,390, 533652, 703,272180, 795,438172,410, 500
528,317,303152,376
6,154 21,086,458,621 2,835,183,626
1 For general explanations, see p. 1-5.2 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respec-tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,respectively, on face of return).
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STATISTICS OF INCOME 35Consolidated corporation returns for 1932 by net income and deficit classes, showing
number of returns, net income or deficit, and income tax
Net income and deficit classes
(Thousands of dollars)
Returns showing net income
Number
15386564739
133727746
14511111669445919
1,272
Net income
$60,871128,927134,809159,654173, 982983, 375882,072
1,347, 9251,017,6025,197, 7177,953,381
18,143,89524, 495,15930, 598,440
125,531,050285,572,080
502,380,939
Income tax
$5,64211,23614,05715,29717,43396, 65685, 590
157,196120, 433549, 232957,208
2, 287, 7143,158,3793, 977,120
16, 559, 32239,322, 530
67,335,045
Returns showing nonet income
Number
325185148138109460373278229738783942538383421104
6,154
Deficit
$137,974273,065365,362482,109490,951
3,319, 1114,609,1724,821, 7085,130,888
26,818, 20156, 256, 538
149, 215, 334189, 755, 595269,403, 480874,696,010
1,249, 408,128
2,835,183r626
Under 11-22-33-44-55-1010—15.15-2020-2525-5050-100100-250 _.250-500500-1,0001,000-5,0005,000 a n d ove r .
TotaL
Consolidated corporation returns for 1932, by number of subsidiaries, showingnumber of consolidated returns and total number of subsidiaries
Number ofsubsidiariesper return
12
456 .7
910111213 . .1415.1617181920.21 _.22232425262 7 . . .28293031323334
Num-ber ofcon-soli-
datedreturns
3,9361 266
6273562381371268781594252353528152824168
165
11117398688435
Totalnumberof sub-
sidiaries
3,9362 5321,8811,4241,190
82288269672959046262445549042024047643230416033611025326417578
24322417424024812899
170
Number ofsubsidiariesper return
3637383940414243444546474849505153545657585960 . .61636567686970717475 . . .78
Num-ber ofcon-soli-
datedreturns
63545122432213441121221
3111111221
Totalnumberof sub-
sidiaries
216111190156200418486
176135929448
1472002045354
11257
11611860
122189656768697071
14815078
Number ofsubsidiariesper return
808285868789939598103105107108113116119130134140196200912254257266282Number of sub-
sidiaries notreported —es-timated aver-age 3
Total
Num-ber ofcon-soli-
datedreturns
11211111111112111111111111
21
7,426
Totalnumberof sub-
sidiaries
8082
170868789939598
103105107108226116119130134140196200212254257266282
63
29,232
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36 STATISTICS OF INCOME
FISCAL YEAR RETURNS (CORPORATION RETURNS)
Fiscal year returns are filed on form 1120-A by corporations whosefiscal year is other than the calendar year. These returns are includedin the general tables of corporation income throughout this report.The tabulations include all fiscal year returns that were received bythe statistical section prior to the termination of the tabulation ofthe remaining Statistics of Income data.
Corporation fiscal-year returns for 1932 showing by month ending the fiscal year, thetotal number of returns, number with net income and no net income, amount of netincome or deficit, net loss for prior year, and income tax
Fiscal year ended—
July 1932August 1932 _.September 1932October 1932...November 1932January 1933February 1933March 1933April 1933May 1933....June 1933
Total _
Totalnumber
ofreturns
4,0534,0714,6884,3234,1676,4414,0905,4715,2835,612
11,260
59,459
Returns shovring net income
Number
919953985913779832659
1,0321,0241,3572,900
12, 353
Net income
$9,887, 28021,865,87417,093,77426,583, 00218, 394,70619,606,11544, 436, 69314, 753, 66613, 639,92222, 572,99660,003,153
268,837,181
Net lossfor prior
year
$943,937717,058844,490
14,420, 5991,143,148
325, 392236,470333, 934312,917793,838291,217
20, 363,000
Income tax
$1,103,3612,787, 0022,134,9321, 633, 5472, 343, 5342, 622,0866,164, 3441,923,0431, 738,8732,897,7777, 805,849
33,154, 348
Returns showing no netincome
Number
3,1343,1183,7033,4103,3885,6093,4314,4394,2594,2558,360
47,106
Deficit
$55,279,84566,037,756
121,271, 777116,143, 273120, 526,047161,644,114
52,143,00674, 217, 08767,949, 54562,929, 717
164,901,303
1,063,043, 470
Corporation fiscal year returns for 1932, by net income and deficit classes, showingnumber of returns, net income or deficit, and income tax
Net income and deficit classes
(Thousands of dollars)
Under 11-22-33-4 _4-55-1010-1515-2020-2525-5050-100100-250250-500 .500-1,0001 000-5,0005,000 and over
Total
Returns showing net income
Number
5,3811,6491,004
561439
1,0955323312115093112036732217
12,353
Net income
$1,872,2612, 375, 0862,471,8661,947,2851,960, 7327,774,5946, 506,8815,756,4674, 715,880
18,091,85322,072,95530,397,22924,003,52421, 045,20042, 777,16975,068,199
268,837,181
Income tax
$184,713241,039240,715203,386212,635889,114761,149681,767601,590
2,218,1302,743, 5403,918,7483,055,0602,705,1635,705,1788,792,421
33,154,348
Returns showing no netincome
Number
14,1186,0763,9072,9812,1436,1462,9701,8371,1482,6951,555
96430015410111
47,106
Deficit
$5,341,7968,839,1069,636, 252
10,350,4149,589,659
43,984,53636,446,40531,860,04025,653,82294,772,023
107,750,479147,740,326102,825,008107,897,414190,861,506129,494,684
1,063,043,470
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STATISTICS OF INCOME 37
PART YEAR RETURNS (CORPORATION RETURNS)
The returns filed by corporations showing income for less than 12months represent reorganizations, consolidations, disintegrations,newly organized businesses, liquidating corporations, and changesfrom calendar year to fiscal year basis, or vice versa, and are alsoincluded in the general corporation income tables in this report. Thepart year returns in this report represent those in which the greaterpart of the income period was in 1932.
Corporation part year returns for 1932
Total number of returns 31, 647Returns showing net income:
Number 4, 744Net income $19, 179, 933Net loss for prior year $1, 128, 547Income tax $2, 334, 407
Returns showing no net income:Number 26, 903Deficit $244, 807, 521
HISTORICAL SUMMARIES
A resume of the income-tax returns for each of the years since theinception of the present period of income taxation, showing for in-dividual returns the number, net income, and tax by net income classesand the sources of income and deductions, and for corporation returnsthe number, net income, deficit, and tax; also the distribution of cor-poration returns by net income and deficit classes for the years 1928to 1932 and for corporations submitting balance sheets the majoritems of assets and liabilities for the years 1926 to 1932 is shown inthe following tables.
Individual returns by States and Territories for the years 1922 to1932, showing number, net income, and tax, are tabulated as a sectionof table 9, pages 81 to 130.
Corporation returns distributed by States and Territories for theyears 1923 to 1932 for corporations reporting net income and no netincome, by number, net income, deficit, and tax; also number ofreturns for inactive corporations are shown in basic table 19, pages188 to 197. Similar data and gross income are shown by majorindustrial groups for the years 1923 to 1932 in table 18, pages 183 to 187.
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38 STATISTICS OF INCOME
Individual returns for 1913 to 1932^ showing number of returns, net income, taxbefore tax credits, tax, credits, and tax l
[Money figures in thousands of dollars]
Year
1913191419151916 .191719181919 _ ..1920192119221923 .19241925192619271928 .1929.193019311932
Year
19131914 .191519161917-..1918191919201921 .19221923192419251926192719281929193019311932
Number of returns
Total
357, 598357, 515336,652437,036
3, 472, 8904,425,1145, 332, 7607, 259, 9446, 662,1766, 787, 4817, 698, 3217, 369, 7884,171, 0514,138, 0924,101,5474,070.8514, 044, 3273, 707, 5093. 225,9243,877, 430
Taxable
362,9702, 707, 2343,392,8634, 231,1815, 518,3103,589, 9853, 681, 2494, 270,1214, 489, 6982, 501,1662, 470, 9902,440,9412, 523,0632, 458, 0492,037, 6451.525, 5461, 936, 095
Tax before tax credits
Normaltax
12, 72916, 55923, 99651, 441156, 897476, 433468,105478, 250308,059355, 410378, 388257, 795216, 360200, 599215,817281, 895162, 332129,47582, 302156, 606
Surtax
15, 52524,48743, 948121, 946433,346651, 289801, 525596,804411,327474, 581464, 918437, 541432, 853448, 330511.731688, 825582, 393316,816186, 078239, 232
Tax oncapitalnet gain,1 2 ^ per-cent
31,06638,91648, 603117,571112,510134. 034233,451284, 65465, 42219, 4236,039
Total
28, 25441, 04667 944173,387
2 795, 3811,127, 7221, 269, 6301, 075,054719, 387861,057882, 222743, 939766, 784761, 440861, 582
1, 204,1701, 029, 379511,713287, 803401, 877
Nontax-able
74,066765,656
1,032,2511,101,5791,741,6343,072,1913,106, 2323, 428, 2002,880,0901, 669, 8851, 667,1021, 660,6061, 547, 7881, 586, 2781, 669,8641, 700, 3781, 941,335
Percent of total
Tax-able
8378777976545455616060596161554750
Non-taxable
1722232124464645394040413939455350
Net income
3,900,0004,000,0004, 600,0006, 298, 57813, 652,38315, 924, 63919,859,49123,735, 62919, 577, 21321,336, 21324,777,46625, 656,15321,894,57621,958, 50622, 545, 09125, 226,32724, 800, 73618,118, 63513, 604, 99611, 655, 757
Tax credits
25 per-cent oftax onearnednet in-come
30, 63724, 57024, 64724, 91534,79022, 06224,88617,491
1 2 ^ per-cent oncapitalnet lossfrom saleof assetsheldmorethan 2years
9,0367,6594,3226,0285,1265,37810,11224,18571, 915
Total
3 220,55539,67332, 22928,96930,94339, 91627, 44134,99841, 67671, 915
Tax
28,25441,04667,944173,387
2 795, 3811,127,7221, 269, 6301,075,054719, 387861, 057661.666704, 265734, 555732,471830, 639
1,164, 2541,001,938476, 715246,127329,962
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. Returns for 1913 pertain to the last 10 months of that year;taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, asshown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi -tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns.
2 Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships.3 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924.
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STATISTICS OF INCOME 39
Number of individual returns for 1914 to 1932, by net income classes ]
Net income classes (thousandsof dollars) 1914 1915 1916 1917 1918 1919 1920
Under 11-22-33-55-10.10-2525-50.50-100. . .100-150150-300...300-500-..500-1,0001,000 and over .
149,279127,44858,60314,6765,1611,189
769216114
127,994120,40260, 28417,3016,8471,7931,326
376209120
157,149150, 55380,88023,73410,4522,9002,437
714376206
1,640, 758838,707560, 763270,666112, 50230,39112,4393,3022,347
559315141
1,516,9381,496,878
932,336319,356116,56928, 5429,9962,3581,514
38217867
1,924, 8721,569, 7411,180,488
438,851162,48537,47713,3202,9831,864
42518965
2,671,9502,569, 3161,337,116
455,442171,83038,54812,0932,1911,063
23912333
Total 357,515 336,652 2 429,401 3,472,890 4,425,114 j 5,332, 760 7,259,944
Net income classes (thou-sands of dollars)
Under 11-2.2-3.3-5_.5-10.10-2525-50-50-100100-150150-300300-500.500-1,0001,000 and over
T o t a l . .
1921
401,8492,440,5442, 222,0311,072,146
353,247132,34428,9468,7171,367
7391626321
6, 662,176
1922
402,0762,471,1812,129,8981,190,115
391,373151,32935,47812,0002,1711,323
30916167
1923
368,5022,523,1502,472, 6411, 719,625
387,842170, 09539,83212,4522,3391,301
32714174
1924
344,8762,413,8812,112,9931,800,900
437,330191,21647,06115,8163, 0651,876
45724275
1925
6,787,481 7,698, 321 7,369,788 4,171,051
1926 1927
98,1781,071,992842,528
1,327,683503, 652236, 77959, 72120, 9584,7593,223892479207
119,5131,045,519837, 792
1,240,400560, 549246, 73057,48720, 5204,7243,267892468231
126, 745996,098855,762
1, 209,345567,700252,07960,12322,5735,2613,8731,141
557290
4,138,092 4,101,547
Net income classes (thousands of dollars)
Under 1 . .1-2.2-33-5._5-1010-2525-5050-100100-150150-300.300-500500-1,0001,000 and over .
1928
111, 123918, 447837, 781
1,192, 613628,766270, 88968,04827, 2077,0495,6781,756
983511
Tota l . 4,070,851 4,044,327 I 3,707,509 3,225,924 3,877,430
1929
126,172903,082810,347
1,172, 655658,039271,454
63, 68924,0736,3765,3101,641
976513
1930
150,000909,155767, 684
1,070,239550,977198, 76240, 84513, 6453,1112,071
552318150
1931
185, 391862,153675, 019912, 630417, 655137, 754*24,308
7,8301,6341,056
26814977
1932
359,6881,489,589
967,956703,755251,01479,21018,4805,902
9955951408620
' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. The returns for 1913 are omitted, as they pertain only to thelast 10 months of that year.
2 Excludes 7,635 returns of married women made separate from returns of husbands. In 1916 the netincome on returns filed separately by husband and wife is combined and the total appears as one return.In all other years the returns of married women filed separately are included in their individual incomeclasses independently of the husband's income.
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40 STATISTICS OF INCOME
Net income in individual returns for 1916 to 1932 by net income
[Money figures and net income classes in thousands of dollars]
Net income classes
Under 11-22-33-55-10. . . . .10-2525-50 , . .50-100100-150150-300300-500500-1,000 .1,000 and over
Total
1916
624,6691,037,2481, 235,016822,662722,795357,355505,859271,938256,771464,264
6,298,578
Net income classes
Under 11-22-33-55-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over..
Total
1917
2,461,1372,064,9772,115, 8651, 827, 5081,687,1661,042,320846,894400,492474,652209,905214, 631306, 836
13,652, 383
1923
252, 5133, 693, 6426,073,4446,469,1952,653,0262, 538, 0791,350,680
833, 898280,656260,584124, 56995,107152,072
24,777,466
1918
2, 232,3553, 626, 8253,535, 2192,145, 6901,736,548978, 043679,721284,107305,025144,545119,076137,487
15,924,639
1924
235,4523,564,4745,277,1476,827,9242,991,1882,855,3971, 599, 8481,066,784377,645374,609171,249158,462155,974
25,656,153
Net income classes
Under 11-22-33-5 - ,.5-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over..
Total
1919
2, 829,1133,807,2864, 513, 2642,954,1372,412,2761,277,365896,497358,393371,149159, 071128,290152,650
19,859,491
1925
58,3061,774, 6022, 047,9705, 236,0033,463,8523, 544, 8982, 032, 2391,418,948
572, 860655,300339, 774327,368422,457
21, 894,576
1929
73,7421,499,9081,958,5954,572,5964,481,5764, 025,2332,174,4581,646,476770,536
1,087,410628,229669, 878
1,212,099
24,800,736
1920
4, 050, 0676,184,5435, 039,6073,068,3312,547,9051,307,785810,386265, 512215,13989,31479,96377,078
23,735,629
1926
67,2381,747,9172,042,9034,872,7893,838,9533,660,6221,954, 6531,389, 339570,190661,412340,214317,881494,394
21,958,506
1930
86, 8921,494,5261,864,1624,151,9673,723,7632,922,7501,383,619919,040374,171419, 016207,131211,693359,905
18,118, 635
1921
213, 8503, 620,7625,325,9314,054,8912,378,7591,958,156979, 629582, 230163,521145,94861,34342,78049,411
19, 577, 213
1927
72,2311,645,5762,062,2754, 700,8163,895,7593,748,0582,051,7711, 535,387636,019787,270431,122378,167600,641
22,545,091
1931
106, 6221,399,4301,641,5943,515,7162,807,0012,006,721820,648528,049196, 598212,059102,186102,311166, 060
13,604,996
1922
247,5643, 630, 5715,153,4974, 500,5582, 641,9052,255, 8721, 208, 274805,224260, 204266,814116, 672107,671141,387
21,336, 213
1928
64, 5351,526, 8322, 030,9014,648,0984,282, 5204,037,8532,326, 5031,857,878850,451
1,157,131663,900670,862
1,108,863
25, 226,327
1932
231,1402,145, 8342,437,2512,597,7631,677,0391,160,398629,639393,206119,896118,00852,46957,87435,240
11, 655, 757
i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basisof sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928,1930, and following years.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 41
Tax in individual returns for 1916 to 19S2 by net income classes 1
[Money figures and net income classes in thousands of dollars]
Net income classes
Under 1 -1-22-33-55-1010-25 _.25-5050—100 -100-150150-300300-500 —500-1,0001,000 and over
Total
1916
7766,301
11,63711, 60316,29912,42324,00717,95120,90251,487
173,387
1917
16,2449,097
18,28344,06680,69576,59385,02855,76686, 71850,22859,349
109,425
691,493
1918
26,48235,41582,92993,058
142,449130,241147,42995, 680
136,15679,16569,83488,885
1,127,722
1919
24,69628,25875,91591,538
164,833154,946186,358118,705163,09586,03176,22899,027
1,269,630
1920
36,86045,50883,49697,886
172,259154,265163,71886,58892,60447,04345,64149,185
1,075,054
1921
17429,16120,71242,74468,871
126,886112,910115,71252,33061,49631,86025,11231,420
719,387
1922
24727,08120,73047,53370,388
123,576125,697144,09371,33798,81043,48838,55949,518
861,057
Net income classes
Under 11-22-3 . -3-55-1010-2525-50 - -50-100100-150150-300 -300-500500-1,0001,000 and over
1923
31718, 25316, 60646,04854,075
103,109103,601108,87955,71962,10431, 66925,49835,788
Total i 661,666
1924
14610,43210,20726,86528,82878,069
109,360136,63675,67892,48145,77142,58547, 207
704,265
1925
691,7043,8098,326
19,14974,172
120,689147,84379,472
103,05955,72253,67466,867
734,555
1926
561,7614,2177,245
20,27272,465
112,797140,94777,900
103,99755,25653,66581,893
732,471
1927
401,2343,9706,508
20,66574, 226
119,475156,67587,398
123,77673,75064,26598, 657
830,639
Net income classes
Under 11-22-33-55-10 -10-2525-50 . - - -50-100100-150 -150-300300-500500-1,0001,000 and over
Total
1928
601,5504,3177,475
22,89682,758
136,568194,447116,855182, 514113,250116,424185,140
1
1930
371,2693,3105,352
17,44849,56172,70887,37948,74962,46333,05334,28961,098
476,715
, 164, 254
1931
24943
2,4663,832
12,40731,89740,09644,78023,13528,79315,41115,45726,886
246,127
1929
17553
1,4042,4139,551
59,893113,904160, 81499,560
159,22197,336
106,219191,054
1,001,938
1932
10312,2549,822
20,89535,61550,15043,54647,15024,46931,91218, 55419,01616,476
329,962
i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated on basisof sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and followingyears.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
42 STATISTICS OF INCOME
Average rate of tax on net income in individual returns for 1916 to 1982, by netincome classes l
Net income classes
(Thousands of dollars)
Under 11-22-33-55-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over
All returns
Net income classes
(Thousands of dollars,
Under 11-22-33-55-1010-2525-5050-100 _ _ _ .100-150 -150-300300-500500-1 0001,000 and over
All returns
1916
0.12.61.94
1.412.253.484.756.608.14
11.09
2.75
1917
0.66.44.86
2.414.787.34
10.0413.9218.2723.9327.6335.65
5.06
1925
1918
1.19.98
2.354.348.20
13.3221.6933.6844.6454.7758.6564.65
7.08
1926
1919
0.87.74
1.683.106.83
12.1320.7933.1243.9454.0859.4264.87
6.39
1927
1920
Percen't
0.91.74
1.663.196.76
11.8020.2032.6143.0452.6757.0863.81
4.53
1928
1921
0.08.81.39
1.052.906.48
11.5319.8732.0042.1451.9458.7063.59
3.67
1929
1922
0.10.75.40
1.062.665.48
10.4017.8927.4237.0337.2735.8135.02
4.04
1930
1923
0.13.49.27.71
2.044.067.67
13.0619.8523.8325.4226.8123.53
2.67
1931
1924
0.06.29.19.39.96
2.736 84
12.8120.0424.6926.7326.8730.27
2.74
1932
Percent
0.12.10.19.16.55
2.095.94
10.4213.8715.7316.4016.3915.83
3.35
0.08.10.21.15.52
1.985.77
10.1413.6615.7216.2416.8816.56
3.33
0.06.07.19.14.53
1.985.82
10.2013.7415.7217.1116.9916.42
3.68
0.09.10.21.16.53
2.055.87
10.4713.7415.7717.0617.3516.70
4.62
0.02.04.07.05.21
1.495.249.77
12.9214.6415.4915.8615.76
4.04
0.04.08.18.13.47
1.705.259.51
13.0314.9115.9616.2016.98
2.63
0.02.07.15.11.44
1.594.898.48
11.7713.5815.0815.1116.19
1.81
0.04.57.40.80
2.124.326.92
11.9920.4127.0435.3632.8646.75
2.83
i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. Data for returns of net income under $5,000 estimated, basedon sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and fol-lowing years.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 43
Sources of income and deductions, individual returns for 1916 to 1932 1
[Thousands of dollars]
Distribution
Income:Wages and salaries 3
Business *Partnership 8 •Profit from sale of real
estate, stocks, bonds, etc.,other than taxed as cap-ital net gain from sale ofassets held more than 2years 6 . . . _
Capital net gain from saleof assets held more than2 years 7
Rents and royaltiesInterest on Government
obligations not whollyexempt from tax 8
Dividends on stock of do-mestic corporations 9
Fiduciary 10
Interest and other income n -
Total income
Deductions:Contributions 12 . __ .All other
Total deductions
Net income
Distribution
Income:Wages and salaries 3
Business 4-_Partnership « _.Profit from sale of real
estate, stocks, bonds, etc.,other than taxed as cap-ital net gain from sale ofassets held more than 2years 6
Capital net gain from saleof assets held more than 2years7
Rents and royalties.Interest on Government
obligations not whollyexempt from tax 8
Dividends on stock of do-mestic corporations 9
Fiduciary 10
Interest other than obliga-tions wholly or partiallytax-exempt n
Otheri ncome11
Total income
Deductions:Net loss from sale of real
estate, stocks, bonds, etc.,other than reported for«tax credit on capital netloss from sale of assetsheld more than 2 years u.
Contributions 12
All other
Total deductions
Net income -
1916
1,851,2772, 637,475
643,803
2,136, 469379, 795701,084
8, 349,902
2,051, 324
2,051,324
6, 298, 578
1922
13,693,9932,839, 7711, 427,127
742,104
249, 2481, 224,929
33,989
2, 664, 219257,928
} 1, 738, 601
24,871,908
425, 2183,110,478
3, 535, 696
21, 336,213
1917 2
3,648,4382,865, 413
775,087
318,171
684,343
2,848,842
936,715
12,077,009
245,080640, 683
885, 763
11,191, 246
1923 13
14,195,3564, 722, 7661, 676,409
863,107
305, 3941,814,126
43,711
3,119,829329,124
2,177,771
29,247, 593
534, 7973,935, 330
4, 470,127
24,777,466
1918
8, 267,3923,124,3551,214,914
291,186
975,680
2,468, 749
1, 403,486
17, 745, 761
1,821,122
1,821,122
15,924, 639
1924
13, 617, 6634, 755,4831,810,014
1,124, 566
389,1482,009,716
29,645
3,250,914310,144
2,281,703
29,578,997
533,1683, 389, 675
3,922,843
25,656,153
1919
10, 755, 6933,877, 5501,831, 430
999,364
1,019,094
63,377
2,453,775
1,437,402
22,437,686
2,578,194
2,578,194
19,859,491
1925
9, 742,1603,688,8041,827,025
1,991,659
940, 5691,471, 332
25,651
3,464, 625305,806
1,814,402
25, 272, 035
441, 5902,935,868
3,377,458
21, 894, 576
1920
15, 270,3733,205,5551,701,229
1,020, 543
1,047,424
61, 550
2,735,846
1,647, 750
26, 690, 270
387,2902,567,351
2,954,641
23,735,629
1926
9,994, 3153,572,8951, 732, 581
1,465,625
912,9171,450, 760
36,782
4,011, 590333,365
1,936,604
25, 447,436
178,216484, 205
2,826, 509
3,488,930
21,958, 506
1921
13,813,1692, 366,3191,341,186
462,859
1,177,958
46,994
2,476,952
1,643,344
23,328, 782
3, 751, 5691
3, 751,569
19, 577,213
1927
10, 218, 4503, 287, 4211, 755,145
1,813,396
1,081,1861, 302,276
47,479
4,254,829421,481
/ 1,675,916\ 350,981
26,208,561
227,879507, 705
2,927,886
3,663,470
22, 545,091
For footnotes, see p. 46.
61684—34 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
44 STATISTICS OF INCOME
Sources of income and deductionsy individual returns for 1916 to 19321—Contd.[Thousands of dollars]
Distribution 1928 1929 1930 1931 1932
Income:Wages and salaries 3
Business4
Partnership «Profit from sale of real estate, stocks,
bonds, etc., other than taxed as capitalnet gain from sale of assets held morethan 2 years 8
Capital net gain from sale of assets heldmore than 2 years 7 ..
Rents and royaltiesInterest on Government obligations not
wholly exempt from tax 8
Dividends on stock of domestic corpora-tions 8-_- _
Fiduciary i°Interest other than obligations wholly
or partially tax-exempt uOther income n
Total income . . -
Deductions:Net loss from sale of real estate, stocks,
bonds, etc., other than reported fortax credit on capital net loss from saleof assets held more than 2 years li
Net loss from business and partnership ».Contributions 12Allother _
Total deductions
Net income _ -
10,862,3313, 243,9551,929, 520
2,928,142
1, 879, 7801,164, 518
40, 553
4, 350, 979443, 998
1,841,818302, 040
11,198,9793,378,9841,853,142
2,337,857
2, 346, 7041, 286, 072
40,184
4, 786, 028508, 479
1, 912,866297,656
9,921,9522,628,0571,089, 646
636, 738
556, 392974, 325
38,134
4,197,304429,459
1,608,434332,004
8, 325,1621,889, 759* 729, 523
301, 664
169,949770, 764
25, 325
3,113,861369,140
1, 337,606235,696
8,136, 7171, 294,952482,863
112,814
50,074529,989
29,188
1,972,133310,949
1,141,799330,602
28,987, 634 29,946,952 22, 412, 446 17, 268, 451 14, 392, 080
171, 743 995,944
532, 8863,056, 679
528, 8853,621, 388
1, 232, 776172, 538424, 771
2, 463, 726
1,160, 765134,685328, 300
2, 039, 705
375,445112, 659304,009
1,944,209
3,761,308 5,146, 217 4, 293,811 3, 663, 455 2, 736,323
25, 226, 327 24, 800, 736 18,118, 635 13, 604, 996 11,655,757
Sources of income and deductionsf individual returns for 1916 to 1932 of net incomeof $5,000 and over J
[Money figures in thousands of dollars]
Distribution
Number of returns _.
Income:Wages and salaries3 __Business 4
Partnership5 _ _ _ _Profit from sale of real estate, stocks, bonds,
etc., other than taxed as capital net gainfrom sale of assets held more than 2 years8
Capital net gain from sale of assets heldmore than 2 years 7
Rents and royaltiesInterest on Government obligations not
wholly exempt from tax 8
Dividends on stock of domestic corpora-tions 9
Fiduciary i° _ ___Interest and other income n__
Total income.- _
Deductions:Contributions *' •Allother
Total deductions
Net income
1916
is 272, 252
1, 398, 3292, 386, 905
516, 742
2,098,428365, 326627,943
7,393,672
1, 719,764
1,719, 764
5, 673,909
1917
432, 662
1, 794, 7901, 062, 772
581, 708
217,929
340,868
2, 648,155
822,480
7,468,702
186,907271,391
458,297
7, 010, 404
1918
478,962
2,103,8191,148, 297
913,853
187,406
386,474
2,133,209
799,186
7,672,243•
1,142,003
1,142,003
6,530, 241
1919
657, 659
2, 948, 0061, 743,8001, 426,072
677, 284
445, 701
62, 571
2,128, 291
876, 687
10, 308,411
1, 598, 583
1,598,583
8,709,828
1920
681,562
3, 367,5161, 398,0691,261,899
623,993
451,878
60,432
2,363,880
847,894
10,375, 561
1,914,150
1,914,150
8,461,412
For footnotes, see p. 46.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 45Sources of income and deductions, individual returns/or 1916 to 1982 of net income
of $5,000 and over x—Continued[Money figures in thousands of dollars]
Distribution 1921 1922 1923 13 1924 1925 1926
Number of returns. 525,606 594,211 625,897 697,138 830,670
Income:Wages and salaries3 2,831,520Business4 816,040Partnership « 903,571Profit from sale of real estate,
stocks, bonds, etc., other thantaxed as capital net gain fromsale of assets held more than 2years e 254,456
Capital net gain from sale of as-sets held more than 2 years7 . . .
Rents and royalties 420,932Interest on Government obliga-
tions not wholly exempt fromtax 8___. 40,281
Dividends on stock of domesticcorporations 9 .) 1,915,138
Fiduciary i°Interest and other income n 732,697
Total income-
Deductions:Net loss from business and part-
nership.Contributions12
Allother
Total deductions..
Net income
7,914,635
1,552,857
1,552,857
6,361,778
2,933,4541,012,440918,183
490,794
249,248482,189
30,962
2,173,499197,189850,935
3,166,9671,069,740928,690
3,490,9161,290,7221,112,710
9,338,893
211,8631,323,007
1,534,871
7,804,022
462,489 770,026
305,394501,489
30, 695
2,442,635236,665870,996
10,015, 759 11, 410, 761
240,7921,401, 047
1,641,839
8,373,920
389,148570,427
29, 645
2,617,871206,972932,324
4,033,8111,623,6381,422,799
1,723,438
940,569679,569
25,651
3,045,368248,163
1,084,120
4,363,3951, 738, 5231,329,786
1,224,278
912,918689,981
36,782
3,581,362273,252
1,217,681
14,827,127 15,367,957
254,0721,405,532
293,4011,756,030
122,409326,511
1,691,377
1,659,605 2,049,431 2,140,298
9,751,156 112,777,6 13,227,659
Distribution 1927 1928 1929 1930 1931 1932
Number of returns
Income:Wages and salaries 3
Business 4
Partnership s.__ _.Profit from sale of real estate,
stocks, bonds, etc., otherthan taxed as capital netgain from sale of assets heldmore than 2 years 6
Capital net gain from sale ofassets held more than 2years7
Rents and royaltiesInterest on Government obli-
gations not wholly exemptfrom tax 8
Dividends on stock of domes-tic corporations 9
Fiduciary 10 _..Interest other than obliga-
tions wholly or partiallytax-exemptn _
Other income11
913,597 1,010,887 1,032,071 810,431 590,731 356,442
4,524,2761, 704,1751,354,422
1, 511,859
1,081,186644, 302
47,479
5,008,2861,772,2551,583, 322
2,700,557
1,879,780637,371
40, 553
3,761,910 4,009,915329,351
1,115,925185,099
Total income.. 16,259,984
364,889
1,230,178196, 111
19,423,216
5,179,0411,836,3291,497,922
2,044,058
2, 346,704649,124
40,184
4,247,031422,076
1, 257, 590190,110
19,710,168
4,407,6061,215,452
786,931
527, 653
556,392479,401
38,134
3,708,656338,400
1, 018,001130,191
I, 320,028766,730492,147
196, 574
169,949306,336
25,325
2, 583,674280,627
749,345120,845
2,057,254354,488284,624
71,643
50,074160,244
29,188
1,540,625217,610
536,54167,353
13,206,817 9,011,581 5,369,646
For footnotes, see p. 46.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
46 STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1982 of net incomeof $5,000 and over *—Continued
[Money figures in thousands of dollar
Distribution
Deductions:Net loss from sale of real es-
tate, stocks, bonds, etc.,other than reported for taxcredit on capital net lossfrom sale of assets held morethan 2 years l4 . . . .
Net loss from business, andpartnership i»_
Contributions i2All other
Total deductions
Net income
1927
136,482353,188
1,706,122
2,195,792
14, 064,193
1928
129,865
390,9231,946,467
2, 467, 255
16,955,961
1929
632,693
384,4581,997,123
3,014, 274
16,695,895
1930
947,121
105,219286,218
1,347,170
2,685,728
10, 521,088
1931
813,503
72,129202,979981,341
2,069,948
6,941,633
1932
174,627
46,972139,846764,432
1,125,878
4, 243,768
Footnotes for tables on pp. 48-46
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 202-209. The income items for 1916 are "gross income," the deductionsnot having been allocated to the various sources but included in aggregate under " Deductions." Begin-ning 1917, deductions allowable against the various sources of income are applied against the gross incomefrom the specific sources as reported on the schedules in the income-tax returns and wherever net lossesare shown on schedules, such net losses are transferred in tabulation to "Deductions," which also containthe other deductions included in the return under " Deductions". Data for returns of net income under$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 andaggregate net income of $2,461,137,000.
2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,-000.
3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the busi-ness conducted by the individual. Prior to 1924 such wages and salaries were reported either as incomeunder " Wages and salaries " or as part of income from " Business." Includes " Professions and vocations"in 1916.
4 See notes 3, 5, and 6.5 Certain income from partnership included in other sources, see notes, 7, 8, 9, and 11. Tabulated with
" Business " in 1916. In 1918 to 1921, inclusive, the amount includes income of personal-service corporationsas defined in the revenue acts of 1918 and 1921 (except certain amounts included in other sources, see notes8, 9, and 10) and of fiduciaries, as described in note 10.
6 Profit from sale of real estate, etc., included in " Business," in 1916.1 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation
beginning 1922.s Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corpora-
tions (1918 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income."9 Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.10 Certain income from fiduciaries included in other sources, see notes 7, 8, 9, and 11. In 1917 amount
included in "Interest and investment income"; in 1918 to 1921, inclusive, in "Partnerships."" Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free covenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,,inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in1917 and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries asdescribed in note 10.
» Contributions 1916,1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not availablefor returns of net income of $5,000 and over.
w According to 1923 Statistics of Income (unrevised).n Included in "All other" deductions in 1917 to 1925, inclusive.i« Included in "All other" deductions in 1917 to 1929, inclusive.16 Exclusive of returns of married women making separate returns from husbands.
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STATISTICS OF INCOME 47
Corporation returns for 1909 to 1932 showing total number, number and percent withnet income and no net income, gross income, net income, deficit, and tax 1
[Money figures in thousands of dollars]
Year
190919101911191219131914191519161917191819191920192119221923192419251926 - -19271928 .1929193019311932
Year
190919101911191219131914191519161917 „1918191919201921192219231924 .19251926 .192719281929193019311932
Total
262,490270,202288, 352305,336316,909
5 299, 4455 366, 443341, 253351, 426317, 579320,198345, 595356, 397382, 883398, 933417,421430,072455,320475, 031495,892509, 436518, 736516, 404508, 636
1dumber of returns
Showingnet
income
3 52,4983 54,0403 55,1293 61,116188,866174, 205190, 911206,984232,079202,061209, 634203, 233171, 239212,535233, 339236,389252,334258,134259,849268, 783269,430221, 420175,89882, 646
Gross income
Returnsshowing
net income
32,531,09779, 540,00579, 706, 65988, 261, 00693, 824, 22560, 051,12380, 331,08097,457, 47997,158, 997113,692,683118, 022,117115, 324, 340
7 127, 369, 525129, 633, 79289, 561,49552, 051,03531, 707,963
Returnsshowing nonet income
2,796, 5345,153, 2346, 757,62211, 657, 74824, 381, 33831,198,15020, 588, 83521,106,18422, 070, 49720, 568, 06624,107, 73629,074,012
7 25, 411, 98930, 987, 71746, 500, 56455, 464, 20449, 375, 775
Showingno netincome 2
4 209,9924 216,1624 233, 2234 244, 220128,043125, 240175, 532134, 269119, 347115, 518110, 564142, 362185,158170,348165, 594181,032177, 738197,186165, 826174,828186,591241, 616283,806369, 238
Net income
3,500,0003,761,0003, 503,0004 151,0004, 714,0003, 940,0005,310,0008, 765,90910, 730, 3608, 361, 5119,411, 4187,902, 6554, 336, 0486, 963, 8118, 321, 5297, 586, 6529, 583, 6849, 673, 4038, 981, 88410, 617, 74111, 653, 8866, 428,8133,683, 3682,153,113
Showingno incomedata—In-active
corpora-tions 2
49,35652,28153,41555,70056,70056, 752
Deficit
-
656, 904629, 608689,772995, 546
2,029, 4243, 878, 2192,193, 7762, 013, 5552, 223, 9261, 962,6282,168, 7102, 471, 7392, 391,1242,914,1284,877, 5956, 970, 9137, 796, 687
Percent of total
Showingnet
income
3 203 203 193 206058526166646559485658575957555453433416
Showingno netincome 2
4 80
4 804042483934363541524442434143353537465573
Showingno incomedata—In-activecorpora-tions 2
_ - L 10
^1011
"" 11-^ 11
Tax
Income tax
20,96033,51228, 58335,00643,12839,14556, 994171,805503, 698653,198743, 536636, 508366, 444775,310937,106881, 550
1,170, 3311, 229, 7971,130,6741,184,1421,193,436711, 704398, 994286, 034
W a r profitsand excessprofits tax
1, 638,7482, 505, 5661, 431,806988, 726335,1326 8,466
Total tax
20,96033, 51228,58335,00643,12839,14556,994171,805
2,142,4463,158, 7642,175,3421, 625, 235701, 576783,776937,106881,550
1,170,3311,229,7971,130, 6741,184,1421,193,436711,704398,994286,034
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. The period 1909 to1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annualreports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assess-ments, etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 includeincome tax, $32,456,663; excise tax $10,671,077 (Act of Aug. 5, 1909).
2 Prior to 1927, returns for inactive corporations showing no income data were included with returnsshowing no net income.
3 Returns showing net income in excess of $5,000 exemption.* Returns showing net income not in excess of $5,000 exemption or deficit.51915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal Revenue, 1916, p. 26.)6 On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period terminated subsequent to July 1, 1922.7 Revised figures.
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48 STATISTICS OF INCOME
Corporation returns for 1929 to 1932 by net income and deficit classes, showingnumber of returns, net income, and deficit *
[Money figures and net income and deficit classes in thousands of dollars]
Net income classes
1929
Numberof
returnsNet in-come
1930
Numberof
returnsNet in-come
1931
Numberof
returnsNet in-come
1932
Numberof
returnsNet in-come
Returns showing net income
Under 11-2.2-33-4_4-55-1010-15.15-20.20-2525-50-50-100..100-250250-500.--500-1,000.1,000-5,0005,000 and over.
Total. _.
69,45641,29237,67519, 45811, 79529, 62713,3998,4246,641
12, 3978,3165,9742,2831,3441,049300
269,430
29, 28161, 04194,81866,92052, 716209, 764164, 277145,908149, 630441, 615582,968923,944796,186932,110
2,116, 7804,885,929
11, 653, 886
71, 32237,88132, 79814, 7328,36719, 7608,9555,3923,9927,3724,9053,2601,259689576160
221,420
29,63155, 73882, 60550, 56937, 488139, 687109, 55193, 27189,664262,844341, 578499, 648438, 512481,838
1,177,9482, 538, 241
6,428,813
70,16831,70224, 3129,7035,48112,8135,3213,3012,4404,4502,7551,941729373321
175,898
27,83646, 32860, 78233, 28224, 51990,19865, 29257,08054,847157, 445192,198296, 252252,021265,232647,197
1,412,858
3,683,368
42, 07010,4035,7343,3212,4996,2592,9621,7961,1722,7001,6231,15942923522559
82, 646
13,12114.91214,08111, 50611,19644, 50536, 27131,15826, 21394.913113, 643176,676150, 686165, 567464,892783,775
2,153,113
1929 1930 1931 1932
N e t deficit classesNumber
ofreturns
NumberNet deficit; of I Net deficit
I returns
Numberof
returnsNet deficit
Numberof
returns
Netdeficit
Returns showing no net income
Under 11-22 - 3 —3-44-55-10_-_10-15. _15-2020-25.25-5050-100-100-250250-500500-1,000 _.1,000-5,0005,000 and over
TotalReturns showing no
income data—Inac-tive corporations
Grand total—netincome lessdeficit
58,15426, 37617, 52012, 4029,35325, 02811,1276,1304,0098,4484,2432,44474934124423
186,591
53, 415
509,436
22,65738, 77743, 59043, 23941,951178, 512136, 219106, 49289,861295,037295,022371,077258,990236,428468, 723287, 554
2,914,128
8,739, 758
67, 54132, 80522,40416,59312, 32534, 20815, 6588,8825,77712, 3416,6804,0021,24463048343
241,616
55, 700
26, 34448,14655, 56457,65755, 379
243, 935191,881153,647129, 329431,924463, 450612, 510430, 634437,108949, 652590,434
4, 877, 595
518, 736 1, 551, 218
78,04638, 37326,02719, 28014, 52940, 09018,46410, 613
15, 2197,9715,1671,620
884712123
283, 806
56,700
516,404
30, 36356,37664, 45167, 07065, 098284,961226,091183, 750149, 584532, 653555,143794, 446562, 614613, 928
1,416,9231,367,460
6, 970,913
3, 287, 545
131, 27348,62631,14622, 84416, 44944,85420,18911, 7417,458
16, 5958,7785,5921,835934782142
369, 238
56, 752
508,636
45,68370,86176,89279, 36773, 621
318,710246,910203,129166, 736579, 563
851,933636, 357650, 386
1, 544, 8551, 643, 385
7,796,687
5,643,574
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. Figures for returnsshowing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no netincome for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50.
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STATISTICS OF INCOME 49Corporations submitting balance sheets for 1926 to 1932, showing number of balance
sheets and major items of assets and liabilities at end of calendar year or at closeof fiscal year nearest thereto
[Money figures in thousands of dollars]
Year
1926192719281929193019311932 .
Numberofreturns
filed i
455,320425, 675443, 611456,021463, 036459, 704451,884
Numberof balance
sheets
359,449379,156384, 548398, 815403,173381,088392,021
Total as-sets—totalliabilities2
* 262,178,684287, 542,317307, 218, 377335, 777, 910334, 001,852296, 497, 029280, 082,923
Assets
Cash a
16,801, 53216,851, 21721,952,41922,371,16821, 012,13515,880, 25015,917, 202
Notes andaccounts
receivable
23,551, 61050, 959,38762,804, 34566,810, 46459, 675, 39348, 667,19939, 563, 538
Invento-ries
20,939,02721,005,34420,751,29221,910,97318, 771,46415,139,93312, 372,459
Year
1926 . . -192719281929193019311932
Assets—Continued
Tax-exemptinvest-ments 5
8, 694,4339, 780, 521
10,116,16010, 338, 36410, 228, 22910, 667,19211,916,864
Invest-ments other
than tax-exempt-stocks,bonds,
mortgages,loans, realestate, etc.6
55,844,14883, 809,28974, 305, 33375, 630, 257
Capitalassets—real
estate, build-ings, and
equipment(Jess depre-
ciation)
97, 523,460104,945, 293109, 931,470116,446,100120,994, 370115, 302, 699108, 553,151
Miscella-neous assets
94, 668, 62384,000, 55581, 662, 69142, 056, 69319, 510,97116, 534,42316,129, 451
Liabilities
Notes andaccountspayable
24, 041,91624,125,89527,437, 29229, 452, 53726, 869, 68723, 251, 39720, 562,272
Bonded debtand mort-
gages
4 31,801,0414 37, 739, 571
42,943, 30146, 642, 53550, 281, 68148,100, 96147, 310, 414
Miscellane-ous liabili-
ties
* 87,075, 6734 93,274,333^93,950,0134 99,313,619
95,768,37081,881,78178, 413,099
Year
1926192719281929 - .193019311932
Liabilities—Continued
Capital stock
Preferred
17,146,12217,800, 27818, 475, 45919, 738,15919,116, 68719,116,82919, 075, 893
Common
67, 516, 63574, 080, 96677, 256,128
4 85, 519, 76587,067,02579, 793, 72778, 413,099
Surplus andundivided
profits
39,154,42645, 414, 69752, 069, 29260, 699,18961, 631,98651,976, 38145,663, 746
Deficit
4, 557,1304,893,4234, 913,1095, 587,8956, 733, 5837,624, 0479, 584, 221
Surplus andundividedprofits less
deficit
34, 597, 29640, 521, 27447,156,18355,111,29454,898,40344,352,33436,079, 525
1 Excludes returns for inactive corporations.2 See text, p. 29.3 Includes cash in till and deposits in bank.4 Revised. For text explaining revisions, see Statistics of Income for 1930, p. 28, Statistics of Income for
1928, p. 33; and Statistics of Income for 1931, p. 32.5 Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.6 " Investments other than tax-exempt" not segregated from " Miscellaneous assets not distributed " prior
to 1929. For explanation of changes, see p. 29.
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5 0 STATISTICS OF INCOME
ESTATE-TAX RETURNS
The following tables are compiled from estate-tax returns filedduring the year ended December 31, 1933, irrespective of the date ofdeath of the decedent. Returns are not required to be filed until 1year after the date of death, and under certain conditions furtherextensions of time are granted for filing. Prior to the effective dateof the Revenue Act of 1926 (10:25 a.m., Feb. 26, 1926, Washington,D.C., time) and subsequent to the effective date of the Revenue Actof 1932 (5 p.m., June 6, 1932, Washington, D.C., time) a return wasrequired in the case of every resident decedent whose gross estate asdefined in the statute exceeded $50,000 in value at the date of death.During the intervening period (Feb. 26, 1926, to June 6, 1932) areturn was required if the gross estate exceeded $100,000 in value atthe date of death. A return was required in the case of every non-resident any part of whose estate, regardless of value, was situated atdate of death in the United States, within the meaning of the statute.
The tax is imposed not upon the property or upon any particularlegacy, devise, or distributive share but upon its transfer. Therelationship of the beneficiary to the decedent has no bearing uponthe tax liability. The estate tax is not an inheritance tax, althoughpopularly referred to as such, the distinction being that the estatetax is based on an estate in its entirety rather than on the distributiveshare.
The gross estate as defined by the statute includes certain transfers,such as those made in contemplation of death or intended to takeeffect at or after death. The net estate is the amount of the grossestate less the sum of the authorized deductions, and in the case ofresident decedents a specific exemption. Estates of decedents subse-quent to the effective date of the Revenue Act of 1932 are subject totwo estate taxes, the tax levied under the provisions of the RevenueAct of 1926 and an additional estate tax levied by the Revenue Actof 1932. The tax under the Revenue Act of 1926 applies to netestates after deduction of a specific exemption of $100,000 and a taxcredit is allowed for estate, inheritance, legacy, or succession taxespaid to any of the several States, Territories, or the District ofColumbia, and gift taxes paid to the Federal Government. Theadditional tax under the Revenue Act of 1932 applies to net estatesafter deduction of a specific exemption of $50,000 and the tax is equalto the excess of (1) the amount of a tentative tax computed at ratesin the 1932 act, ranging from 1 percent on net estates in excess of$10,000 to 45 percent on net estates in excess of $10,000,000, over (2)the amount of tax computed at rates in the Revenue Act of 1926 (thatis, before deduction of tax credits provided).
Under the Revenue Act of 1926 estates are allowed a tax creditnot to exceed 80 percent of the total Federal estate tax for estate,inheritance, legacy, or succession taxes paid to any of the severalStates, Territories, or the District of Columbia. Under the RevenueAct of 1924 the tax credit was limited to 25 percent of the totalFederal estate tax. Prior to the Revenue Act of 1924 this tax creditwas not allowed. No credit for estate, inheritance, legacy, or succes-sion taxes is allowable against the additional estate tax imposed bythe Revenue Act of 1932.
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STATISTICS OF INCOME 5 1
The tables are based on the returns as filed and prior to any adjust-ments that may be determined upon investigation and audit. Thetax liability reported does not correspond with the actual receipts oftaxes during the period for the reason that payments may be madeat a later date than the filing of the return, and for the reason thatfield investigation and office audit may disclose deficiency taxes orexcess payments which are not reflected in these tables.
Data included in these tables are compiled from returns filed underthe 1926 act only (deaths before 5 p.m. June 6, 1932) and fromreturns filed under the combined provisions of the Revenue Acts of1926 and 1932 (deaths after June 6, 1932). In order to maintaincomparability with data for preceding years, tabulations of data bynet estate classes have been made corresponding to the successivetax brackets specified in the Revenue Act of 1926 on the basis of thenet estate arrived at under the provisions of that act rather than theprovisions of the 1932 Act.
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52 STATISTICS OF INCOME
TABLE 1.—Estate-tax returns of resident decedents by size of net estate under the proproperty, deductions,[Money figures and estate
[Returns filed from
1
2
3
56
89
101112
13
141516171819
20
21
22
23
242526
2728
30
32
33
Number of returns - -
Gross estate: 2Real estate _ _ _ _Investments in bonds and stocks:
Federal Government bonds:Wholly tax-exempt3- .Partially tax-exempt3
State and municipal bonds, wholly tax-exemptAll other bonds
Total bondsCapital stock in corporations
Total bonds and stocks -Mortgages, notes, cash, etcInsurance (gross) *Miscellaneous5 _ . . _ _. _ .
Total gross estate . . . _ . - _
Deductions:Insurance exemption _ . _ .Funeral and administrative expenses..Debts, unpaid mortgages, etc _Charitable, public, and similar bequestsSpecific exemption, 1926 actProperty from an estate taxed within 5 years; value at .
date of previous decedent's death.
Total deductions . .
Net estate, returns filed under provisions of Revenue Act.of 1926 only (death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of1926 and 1932 (death after 5 p.m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemp-.tion).
Net estate to which 1932rates apply ($50,000 exemption).Tax, returns filed under provisions of Revenue Act of 1926
only (death before 5 p.m., June 6, 1932):Tax before tax creditTax credit*
Tax (24 less 25)Tax, returns filed under provisions of Revenue Acts of 1926
and 1932 (death after 5 p.m., June 6, 1932):Tax under 1926 Act:
Tax before tax creditTax credit 6
Tax (27 less 28)Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 Act)Tax at 1926 act rates (that is, before tax credits). . .
Additional tax (30 less 31)
Total tax liability (sum of 26, 29, and 32)
Total
8,727
385,831
46,70456,440
158, 285170,699432,128643, 050
1, 075,178322,913134,358108,651
2,026,931
53,94590,801
341,16296,201
865,40045,008
1,492,517
258, 280
539,966
712,588
11,0248,1982,825
25, 44720,097
5,350
76,70125,44751,254
59,429
No net estateunder either 1926
or 1932 Acts
Nonetestateunder
1926 Actbut tax-
ableunder
1932 Act
Gross estate classes
Under 50
361
4,129
76301239
1,0211,6372,7894,4262,8813,286
918
15,640
2,549861
4,397385
35,65067
43,910
50 andover
1,902
91,459
8433,9282,743
13,73421,24960,98782,23635, 63932,28617,801
259, 421
14,04213,085
169,44319, 562
187,75012,746
416,629
50 andover
2,644
56,216
1,53910,2425,718
24,34541,84458,725
100,56959,34020,05210,619
246,795
11,09411, 79326, 7399,862
264,4001,263
325,151
53,339
1,079
1,079
1,079
For footnotes, see pp. 54-55.
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STATISTICS OF INCOME 53visions of the Revenue Act of 1926, showing number of returns, gross estate by form ofnet estate, and tax
classes in thousands of dollars]
Jan. 1 to Dec. 31, 1933]
Net estate classes by size of net estate under the Revenue Act of 1926 l
Taxable under both 1926 and 1932 Acts
Under 50
1,485
51, 324
1,7577,5566,433
21,08936,83468,192
105, 02747, 30119, 59511, 357
234, 604
8,12710, 36429,4627,283
144,8502,745
202, 830
12, 044
19, 729
64,984
12276
! 46
20415746
2.686204
2,482
2,574
50 under 100
729
31,604
1,6695,4155,003
16, 63228, 72052, 95381, 67433, 04710, 9177,521
164, 763
4,5087,676
16, 4655,841
72,4504,660
111,600
18, 573
34, 591
57, 768
24317073
468364104
3,310468
2,842
3,019
100 under200
688
39,569
2,4156,855
11, 06523, 04943, 38564, 783
108,16841, 68416, 06613, 582
219, 068
5,1639,850
23,1446,094
68, 6508,410
121, 312
33,176
64, 581
86,963
641466175
1,2621,000
262
6,1161,2624,855
5,291
200 under400
467
32,581
4,9015,935
14, 76122, 01847,61681, 658
129, 27436, 00412, 46114, 222
224, 542
3,99410,03219, 5527,046
46, 5504,876
92, 051
52,102
80, 389
94,297
1,4371,069
369
2,2301,727
503
8,1582,2305,928
6,799
400 under600
172
21, 401
3,3984,963
10,98911,43130, 78252, 03182, 81314,9706,9898,122
134, 294
1,9376,279
15,8075,361
17,2003,547
50,132
29,792
54, 369
59, 344
1,040778261
1,8831,450
432
6,0141,8834,131
4,825
600 under800
83
8,674
2,2751,7628,9637,865
20, 86530,75951, 62410, 4203,9624,807
79,487
7183,0155,7884,2498,300
211
22, 280
18,021
39,184
42, 025
733515217
1,5711,241
330
4,7071,5713,136
3,684
800 under1,000
63
9,643
2,6911,549
14,1664,795
23, 20141,42464,62411, 3712,6452,293
90, 576
7224,7334,284
16,7086,300
951
33,698
21,072
35,806
37,764
980659320
1,6471,296
351
4,7051,6473,058
3,729
1,000 under1,500
57
7,517
6,0642,076
14,4968,685
31,32232,00763,3297,9642,3434,500
85,654
5993,1784,4463,3925,700
481
17,797
24,602
43,255
45,043
1,307964343
2,3261,776
550
6,3052,3263,979
4,872
1
2
3456789
101112
13
141516171819
20
21
22
23
242526
272829
303132
33
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54 STATISTICS OF INCOME
TABLE 1.—Estate tax returns of resident decedents by size of net estate under the pro-property, deductions, net
[Money figures and estate
Net estate classes by size ofnet estate under the Reve-nue Act of 19261—Contd.
Taxable under both 1926 and1932 Acts—Continued
1,500 un-der 2,000
2,000 un •der 2,500
2,500 un-der 3,000
Number of returns
Gross estate: *Real estateInvestments in bonds and stocks:
Federal Government bonds:Wholly tax-exempt 3Partially tax-exempt 3
State and municipal bonds, wholly tax-exemptAll other bonds
Total bondsCapital stock in corporations
Total bonds and stocksMortgages, notes, cash, etcInsurance (gross) *Miscellaneous*
Total gross estate _
Deductions:Insurance exemption __Funeral and administrative expenses _Debts, unpaid mortgages, etc._. _ __.Charitable, public, and similar bequestsSpecific exemption, 1926 actProperty from an estate taxed within 5 years; value at date of
previous decedent's death.
Total deductions -
Net estate, returns filed under provisions of Revenue Act of 1926 only(death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of 1926 and1932 (death after 5 p.m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemption)Net estate to which 1932 rates apply ($50,000 exemption).
Tax, returns filed under provisions of Revenue Act of 1926 only(death before 5 p.m., June 6, 1932):
Tax before tax credit -I .Tax credit«..._
Tax (24 less 25)Tax, returns filed under provisions of Revenue Acts of 1926 and 1932
(death after 5 p.m., June 6,1932):Tax under 1926 Act:
Tax before tax creditTax credit«—_ - . . - . .
Tax (27 less 28)Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 Act)Tax at 1926 Act rates (that is, before tax credits)
Additional tax (30 less 31)
Total tax liability (sum of 26, 29, and 32)
29
3,764
5,2571,001
10, 3764,127
20, 76032,75853, 5195,8621,4623,354
67, 961
2523,0206,8351,5652,9001,940
16,512
12, 240
39,20940, 285
776505271
2,5052,004501
6,3942,505
4,661
18
8,013
4,0563,2969,9162,066
19, 33614,90934, 2454,2451,3941,396
49, 296
821,8262,5853,4291,800
9, 723
4,516
35,05735,857
31925564
2,4421,953
6,1032,4423,661
4,214
2,336
2,815546
5,5612,14211, 0644,39515, 4601,359120
3,495
22, 771
80815
1,258560600
3,106
6,419
16, 35116, 626
1,2501,000250
3,0521,2501,803
2,053
1 Net estate after deduction of specific exemption of $100,000.2 The following items are distributed by form of property: Jointly owned property, $48,174,764; transfers
made in contemplation of or intended to take effect at or after death, $43,989,587; general power of appoint-ment exercised by will or by deed in contemplation of death, $16,642,522; and property from an estate taxedwithin 5 years, value at date of present decedent, $58,661,307. For statistics from estate-tax returns filedduring 1927 to 1932, "Jointly owned property" only was distributed in this manner.
* Securities, the interest on which is wholly or partially exempt from the normal income tax and surtaxof the Federal Government.
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STATISTICS OF INCOME 55•visions of the Revenue Act of 1926, showing number of returns, gross estate by form ofestate, and tax—Continuedclasses in thousands of dollars]
Net estate classes by size of net estate under the Revenue Act of 19261—Continued
Taxable under both 1926 and 1932 Acts—Continued
3,000 under3,500
5
1,985
1,335214
7,487325
9,3606,008
15, 3681,213
49366
18,981
29448360
1,406500
2,742
! 3,071
13,16813, 368
24719651
1,094875219
2,6341,0941,539
1,809
3,500 under4,000
2
520
207159
3,19267
3,6264,2797,9051,182
1,410
11,017
6632,273
365200
3,501
7,5167,616
664531133
1,581664917
1,050
4,000 under5,000
8
3,608
2,785389
12,1182,634
17,92815, 02132,9502,333
451,226
40,163
1,647730
2,299800
5,477
4,542
30,14430,494
43935288
2,8452,276
569
6,6992,8453,855
4,512
5,000 under6,000
4
7,868
965221
8,4891,438
11,1133,844
14,9573,893
32954
27,705
7583
5,436280400
6,706
15,916
5,0825,132
1,6481,318
330
516413103
1,212516696
^129
6,000 under7,000
1
928928
4,2005,1281,790
55
6,973
18459
388100
6
737
6,2366,286
691553138
1,622691931
1,069
7,000 under8,000
1
379
7
19079
2767,7037,979
111654375
9,498
40372
1,936
155
2,448
7,0497,099
822658164
1,925822
1,103
1,267
8,000 under9,000
2
3,238
1,64631
• 6,3782,226
10,2803,621
13,902304
276
17,720
377161125200
863
8,610
8,2478,297
1,093875219
1,028822205
2,3981,0281,370
1,794
9,000 under10,000
10,000 andover
1
2
45fi780
101112
13
14151617IS19
20
21
??23
94?5°fi
97
?Q
303132
33
4 For insurance exemption, see "Deductions."5 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds,
judgments, shares in trust funds, household goods and personal effects including wearing apparel, farmproducts and growing crops, livestock, farm machinery, automobiles, etc.
6 Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or theDistrict of Columbia, and gift taxes paid to the Federal Government.
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56 STATISTICS OF INCOME
TABLE 2.—Estate-tax returns of resident decedents, by States and Territories, showingnumber of returns, gross estate, net estate, and tax
[Money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]
States and TerritoriesNumber
of re-turns
Gross estateNet estate
$100,000exemption]
Tax
1926 Act Additionaltax 1932 Act Total
AlabamaArizona _ArkansasCaliforniaColoradoConnecticutDelaware. _District of Columbia.FloridaGeorgiaHawaiiIdaho _IllinoisIndianaIowa.. .KansasKentuckyLouisianaMaineMarylandMassachusettsMichigan _MinnesotaMississippiMissouriMontana-NebraskaNevadaNew HampshireNew Jersey., .New MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahoma.OregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashington 3
West VirginiaWisconsinWyoming
Total _
511126726632492210310977179
5501281198998627114751319710731208249134755819
1,916 j996
4165837798691914 !69 '[
275 i9 i
18 i109 ]
6156
166
8,3651,9073,567
139,91212,44650,3405,43318,80624,05318,6356,7431,172
132,36621,15916,89812,66015,96312,07215, 55637, 397
140,59055, 11124, 6714,480
42,1763,926
12, 075232
8,833128, 002
2,968551,730
13,717660
90, 74910,0279,059
215, 77717,987
2, 8751, 719
11,51645, 665
1,0222, 388
22, 87510, 79110,464 j28,660
742
2,307568675
4,16219,4052,6877,1649,2935,9254,205
9546,057
6,2494,4373,8804,9823,2135,901
18, 64367,51920,0418,536
86415, 2081,1022,635
3,80354,143
695233,923
2,83781
33,4703,7764,738
94, 6398,491
463298
2,65215,112
186259
8,3662,5652,838
10, 063159
1327
4572413416256605349
2)5055735214028381898251451034
115511
38604
42,414
18(2)
2965542
1,015101
11
15190 I
11
79142964
1
8,727 ) 2,026,931 798, 246 8,175
873123
3,363297
1,066177190572427407
101,975
412181234284116359
1,4834,6681,168
492
33112
3,3367
17,19690
82,462
149398
5,0517162619
133839
1722
509117194592
51, 254
10033:30
3,820321
1,200193447632479456
112,479
469216255324145397
1,6715,4931,312
59570
95238
123
( ! ) 3333,940
1219,610
1088
2,758203440
6,066817
2821
1481,028
1823
588131223656
59,429
1 Includes for returns filed under the 1926 and 1932 Acts (deaths after 5 p.m., June 6, 1932) the amount ofthe net estate after deduction of a specific exemption of $100,000.
2 Less than $500.3 Includes Alaska.
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STATISTICS OF INCOME 57TABLE 3,—Estate tax returns of resident decedents, by net estate classes under the
provisions of the Revenue Act of 1926, and by estates falling solely under theRevenue Act of 1926, and estates falling under both the Revenue Acts of 1926 and1932, showing number of returns, net estate, and tax
[Money figures and estate classes in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31,1933]
Net estate classes under provisions ofRevenue Act of 1926 ($100,000 exemption)1
Grand total
Numberof re-turns
No net estate 4,907Net estate:
Under 50 ' 1,485' — 72950 under 100-
100 under 200200 under 400400 under 600600 under 800800 under 1,000. -1,000 under 1,500.1,500 under 2,000.2,000 under 2,500_2,500 under 3,000.3,000 under 3,500.3,500 under 4,000.4,000 under 5,000.5,000 under 6,000.6,000 under 7,000.7,000 under 8,000.8,000 under 9,000.
Total
467172836357291865284112
8,727
Net estate($100,000exemp-tion)^
31,77453,16497,757
132,49184,16257,20756,87967,85751,44939,57316,35116,2397,516
34, 68620,9986,2367,049
16,857
Tax (1926 Numberand 1932 of re-
Acts) turns
1,079
2,5743,0195,2916,7994,8243,6843,7294,8724,6614,2142,0531,8091,0504,5121,1291,0691,2671,794
59,429
Estate falling under the Rev-enue Act of 1926 (death be-fore 5 p.m., June 6,1932)
919
5602572361866026232172
2,303
Net estate($100,000exemp-tion)!
Tax(1926 Act)
12,04418,57333,17652,10229,79218,02221,07224, 60212, 2404,516
3,071
4573
17536826121732034327164
50
4,542 |15,916 j
88330
8,610 219
258,280 2,825
Net estate classes under provisions ofRevenue Act of 1926 ($100,000 exemption)1
Estates falling under both the Revenue Acts of 1926 and 1932(death after 5 p.m., June 6, 1932)
Numberof re-turns
Net estate($100;000exemp-tion)^
Net estate($50,000exemp-tion) 2
Tax(1926 Act;
Addi-tional
tax (1932Act)
Tax (1926and 1932
Acts)
No net estateNet estate:
Under 50..-Sounder 100100 under 200200 under 400400 under 600600 under 800800 under 1,000...1,000 under 1,500.1,500 under 2,000.2,000 under 2,500.2,500 under 3,000.3,000 under 3,500.3,500 under 4,000.4,000 under 5,000.5,000 under 6,000-6,000 under 7,000.7,000 under 8,000.8,000 under 9,000-
925472452281112574036221664271111
19,72934,59164, 58180,38954,36939,18535,80643,25539,20935,05716,35113,1697,516
30,1445,0826,2367,0498,247
53,339
64,98457,76886,96394,29759,34442,02537,76445,04340, 28535,85716,62613,3697,61630,4945,1326,2867,0998,297
46104261503432330351550501488250219133569103138164206
1,079 |
2,4822,8424,8555,9284,1313,1363,0583,9793,8893,6611,8031,539917
3, 855696931
1,1021,370
Total. 6,424 539,966 712,588 5,349 51,254
1, 079
2,5292,9465,1166,4304,5633,4673,4094,5294,3904,1502,0531,7581,0504,424799
1,0693,2671,575
56,603
1 Net estate after deduction of specific exemption provided in 1926 Act.2 Net estate after deduction of specific exemption provided in 1932 Act.
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58 STATISTICS OF INCOME
TABLE 4.—Historical summary of estate-tax returns filed for resident and nonresi-dent decedents, Sept. 9, 1916, to Dec. 31, 1933, showing number of returns, grossand net estate, and tax 1
[Money figures in thousands of dollars]
Returns filed
Total Residentdecedents
Nonresi-dent de-cedents
Gross estate
Total Residentdecedents
Nonresi-dent de-cedents
Sept. 9,191&-Jan. 15, 1922.Jan. 15-Dec. 31, 1922Jan. 1-Dec. 31,1923Jan. 1-Dec. 31, 1924Jan. 1-Dec. 31,1925Jan. 1-Dec. 31,1926Jan. 1-Dec. 31, 1927Jan. 1-Dec. 31,1928Jan. 1-Dec. 31, 1929Jan. 1-Dec. 31,1930Jan. 1-Dec. 31,1931Jan. 1-Dec. 31, 1932Jan. 1-Dec. 31,1933
45,12613,87615,11914,51316,01914,56710,70010,23610,34310,3829,8898,507
10,275
42,23012,56313,96313,01114,01313,1429,3538,0798,5828,7988, 3337,1138,727
2,8961,3131,1561,5022,0061,4251,3472,1571,7611,5841,5561,3941,548
8,893,2393,014,0732,804,3272,566,5223,001,0893,407,9233,173,2353,554,2703,893,2464,165,6234,075,5752,830,3882,060,956
8,785,6422,955,9592,774,7412, 540,9222,958,3643,386,2673,146,2903, 503,2393,843,5144,108,5174,042,3812,795,8182,026,931
107,59758,11329,58625,60042, 72521,65626,94551,03249,73257,10633,19534,57034,025
Net estate
TotalResidentdecedents
Nonresi-dent de-cedents
Tax
TotalResidentdecedents
Nonresi-dent de-cedents
Sept. 9, 1916-Jan. 15, 1922.Jan. 15-Dec. 31, 1922Jan. 1-Dec. 31,1923Jan. 1-Dec. 31,1924Jan. 1-Dec. 31,1925Jan. 1-Dec. 31, 1926Jan. 1-Dec. 31, 1927Jan. 1-Dec. 31,1928Jan. 1-Dec. 31, 1929Jan. 1-Dec. 31, 1930Jan. 1-Dec. 31,1931Jan. 1-Dec. 31,1932Jan. 1-Dec. 31, 1933
5,509,5221,704,9741,532,0611,395,8161, 658,8691,972, 5371,761,6171,992, 5032,313,9762, 427, 4542,356,3321,423,437828, 302
5,407, 6741,652,8321,504,6211,372,4211, 621,0081,951,9691, 735,8401,943,4292,268,3232,376,9732, 327,3191,391,5692 798,246
101,84952,14227,44023,39537,86120, 56725, 77749,07545,65350,48129,01331,86830,056
356, 516120, 56289,10971,93987,322101,80541,68641,95944,38841,61745,20023,67461,415
351,138117, 624
71,45186,223
101,32440,93140,56143,30339,00344,54022,364
2 59,429
5,3782,938
726488
1,099481755
1,3981,0852,614
6601,3101,986
1 Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns aresummarized on pp. 214-215.
2 The net estate is shown under the provisions of the Revenue Act of 1926, whereas the tax is under theprovisions of that act plus the additional tax under the Revenue Act of 1932.
GIFT-TAX RETURNS
The Revenue Act of 1932 imposed a tax upon the transfer of prop-erty by gift payable by the donor at rates varying from three-fourthsof 1 percent on net gifts in excess of $10,000 to 33K percent on netgifts in excess of $10,000,000. #
The only similar tax previously in effect was levied under theRevenue Act of 1924, and was in effect from June 2?< 1924, to De-cember 31, 1925. During these years the number of gift-tax returnsfiled, net amount of taxable gifts and total gift, tax were as follows:
1924 1925
Number of gift tax returns filed (resident and nonresident)Net amount of taxable giftsTotal gift tax
1,528$170,181,677
$7, 242,136$91, 289, 373
$2, 714, 924
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STATISTICS OF INCOME 59
The following tables are compiled from gift tax returns filed duringthe year ended December 31, 1933, for gifts made after June 6 toDecember 31, 1932. The act provides that any citizen or resident ofthe United States who makes any transfer by gift which exceeds$5,000 in value to any one donee, as well as any individual who makesany gift of a future interest in property, regardless of its value, is re-quired to file a return. A return is required even though, because ofauthorized deductions, no tax liability accrues. Nonresident aliensare similarly required to file returns when such transfers by gift aremade of property situated within the United States.
In the tables, the term "total gifts" represents the value of theproperty transferred less any money consideration, if any, receivedin exchange, provided there exists a donative intent. The term "netgifts" represents the total gifts less the following:
(1) An exemption of $5,000 for each donee (except in cases of futureinterest);
(2) In the case of a resident or citizen, a specific exemption not inexcess of $50,000; and,
(3) Charitable, public, or similar gifts specified in the statute.The tables are based on the returns as filed and prior to adjust-
ments which may result from audit. The tax liability shown in thetables may not correspond with the actual receipts of taxes duringthe filing period for the reason that the tax reported on the returnsmay be paid at a later date, and for the further reason that field in-vestigation and office audit may disclose deficiency taxes or excesspayments which are not reflected in these tables. For statisticalpurposes, the returns are tabulated by the net gift classes correspond-ing to the successive tax brackets specified in the Revenue Act of1932.
The form of property constituting gifts shown in the tables are realestate, stocks and bonds, cash, insurance, and miscellaneous. Someof the items tabulated as "miscellaneous" are: Articles of personaladornment; articles of art, literature, etc.; forgiveness of debts;donor's inheritance in estate; residuary income under trust; annuityunder trust; business interests; copyright on books; claims, UnitedStates Alien Property Custodian; etc.
Under "Nature of deductions" there are tabulated charitable,public, and similar gifts, and the specific exemption and exclusions.
61084—84 5
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60 STATISTICS OF INCOME
TABLE 1.—Gift-tax returns for 1932 1 by net gift classes showing number of returns,,total gifts by form of property, deductions, net gifts, and tax
[Net gift classes and money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]
Net gift classes
Nontaxable returns:No net gifts
Taxable returns:Under 10 -10 under 2020 under 30 -30 under 4040 under 5050 tinder 100 - _100 under 200200 under 400400 under 600 .600 under 8001 000 under 1,5001,500 under 2,0002,000 under 2,500
Total taxable returns. --
Grand total
Numberof returns
1,502
57452720254017731111
245
1,747
Total gifts by form of property
Realestate
5,657
608146185389337494391294122
2,966
8,623
Net gift classes
Nontaxable returns:No net gifts - -
Taxable returns:Under 1010 under 2020 under 3030 under 40 _ _ .40 under 5050 under 100100 under 200200 under 400 - . .400 under 600600 under 8001,000 under 1,5001,500 under 2,0002,000 under 2,500 :
Total taxable returns
Grand total
Stocks andbonds
12,629
1,1871,0471,481
7561,3563,3901,8221,074
693811
1,5291,6112,148
18,904
31, 533
Cash
20,350
818915287437573
1,1861,884
703,841
197107
10,314
30,664
Insur-ance
801
812
136201
420
1,221
Deductions
Charitable,public, andsimilar gifts
16,167
153
Specificexemption
andexclusions
29,196
6 !116 i87 '81
155684
3,416197107
5,002
21,169
2,4792,2451,5401,1951,4652,334
98242523560606560
13,144
42, 340
Total
45, 363
2,6322,2501,6561,2821,5462,4891,666
4253,651
2571676560
18,147
63,510
Miscella-neous
5,926
173751379242185236160934362
3,420
9,346
Net gifts
237610675677
1,1062,8172,5911,9471,366
7511,4691,5462,088
17,879
17,879
Total
45,363-
2,869'2,8602,3311,9592,6525, 3064,2572,3725,0171,0081, 6361,6112,148
36,025
81,389*
Tax
299
112386
1201159462
158169255-
1,111
1,11L
1 For gifts made during period June 6-Dec. 31, 1932.3 Less than $500.
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STATISTICS OF INCOME 61
TABLE 2.—Gift tax returns for 1932 l by total gift classes, and by taxable and non-taxable returns, showing number of returns, total gifts, deductions, net gifts, andtax
(Total gift classes and all money figures except tax, in thousands of dollars)
[Returns filed from Jan. 1 to Dec. 31, 1933]
Total gift classes
Under 1010 under 20— - .20 under 30 .30 under 4040 under 50 .50 under 100100 under 200 .200 under 400400 under 600 .600 under 800800 under 1,0001,000 under 1,5001,500 under 2,0002,000 under 2,5002,500 under 3,000 _ _3,000 under 3,5003,500 under 4,000 . .4,000 and over
Total _
Taxable
Numberof
returns
986
2117761831
121
1
245
Totalgifts
49107134
908,5839,7354,8081,445
684
1,0083,2472,148
3,988
36,025
Total gift classes
Under 1010 under 20 .20 under 3030 under 40 _ . . .40 under 5050 under 100. _ .100 under 200200 under 400400 under 600 . . . _ _>600 under 800800 under 1,0001,000 under 1,5001,500 under 2,0002,000 under 2,5002,500 under 3,0003,000 under 3,500..3,500 under 4,0004,000 and over
Total
Deductions
Charita-ble, pub-lic, andsimilargifts
90520169
504
197107
3,416
5,002
Specificexemp-tion andexclu-sions
355060
456,5744,6611,100
22560
6012560
90
13,144
Net gifts
145774
451,9194,5543,5391 220
120
7513,0152,088
482
17,879
Tax(actualdollars)
103461686
66829,128
132, 258184,43781 249
4,925
61, 749327,067254,585
33,935
1, 111, 251
Nontaxable
Numberof re-turns
395399250169129138
107111
11
1,502
Totalgifts
2,3915,5906,1215,7685,7818,0931,4091,868
536606965
2,8613,374
45, 363
Deductions
Charitable,public, and
similargifts
297750533499675
1,9431,3271,822
536606955
2,8613,365
16,167
Specificexemptionsand exclu-
sions
2,0944,8405,5895,2695,1076,151
824a
10
9
29,196
i For gifts made during period June 6-Dec. 31,1932.
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62 STATISTICS OF INCOME
Tables, exhibiting in greater detail information from individual andcorporation income-tax returns, are continued in the following pages.For individual returns they include data by States and Territories,by income class, by sex and family relationship, by special sources ofincome, and by industrial groups; also interest and principal reportedfor wholly and partially tax-exempt obligations of the Federal Gov-ernment, United States possessions and obligations of States andTerritories and political subdivisions thereof. The data from cor-poration returns are presented by States and Territories, by indus-trial groups, by receipts and disbursements, and by size of assets andliabilities.
There is also included a synopsis of income and profits tax rates,estate and gift tax rates, credits and exemptions under the RevenueActs of 1909 to 1932, affecting the comparability of the data in theStatistics of Income.
Respectfully,WRIGHT MATTHEWS,
Acting Commissioner of Internal Revenue.
H. MORGENTHAU, Jr.,Secretary of the Treasury.
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BASIC TABLES
INDIVIDUAL RETURNS
63
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STATISTICS OF INCOME 65TABLE 1.—Individual returns for 1932 by States and Territories, showing popula-
tion and percent of population filing returns, number of returns, net income andtax; also average net income and average tax per return, and personal exemptionand credit for dependents
{For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
States andTerritories
Popula-tion asof July1, 1932
(Bureauof the
Censusestimate)
Per-cent ofpopu-lationfiling
returns
Num-ber of
returnsNet income Tax
Average perreturn
Netincome Tax
Personalexemptionand creditfor depend-
ents
AlabamaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of Columbia-FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaM aineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashington iWest VirginiaWisconsinWyoming
2,682, OOi448,001
1, 867, 0015, 947,0001, 047,0001,634,000
240, 000493,000
1,528, 0002,910,000
382, 000447, 000
7, 768, 0003, 275,0002,479,0001,894, 0002,638, 0002,138,000801, 000
1, 653, 0004, 297,0004, 983, 0002, 585, 0002, 036, 0003, 653,000538, 000
1, 388, 00093, 000
468, 0004,148, 000431,000
12, 852, 0003, 244, 000685, 000
6, 753, 0002, 440, 000974, 000
9, 741, 000698, 000
1, 745, o::o700, 0G0
2, 650, 0G05, 964, 000
515, 000360,000
2, 435,0001, 648,0001, 761,0002,976, 000229,000
Total 125,265,000;
0.7'1.99.55
4.972.925.284.09
14. 911.921.093.191.293.691.951.721.571.231.592.615.035.812.562.39.52
2.621.881.4.413.355.251.296.21.80
1.302.791.302.653.434.38.68
1.191.191.732.062.901.7'3.551.533.2.97
20, 6808,900
10, 350295, 65030, 53786, 3089,822
73, 50129, 30331, 73012,1925,758
286,88863,72242, 62429,64332, 45433,97420,86783, 223249,766127, 51561,81010, 54895,80810, 08725, 5034,10215,738
217,8125,574
798,68525, 9728,889
188,14131, 83225, 845334,47130, 58111,9028,356
31, 543102,96610, 62410, 43943,13656,43426,87291, 5576,796
$54,020, 28423,354,96024, 716,119
841,047, 70882,077, 771274,908, 66946,026, 220213, 475, 87988,451, 61292,882, 51637, 277,18513, 688, 578
872,941,170168,607,693109,841,83373, 547, 04389, 484, 54292,164, 32362, 981, 334265, 618,871735, 390,899349, 800,109173, 772,09921,584,610
290, 701, 85828, 221, 60566,007,03610,867, 74343, 854, 575
689,687, 20714,666,467
2,764,354,76,989, 70818,182, 308
556,313,00583,367, 34760, 519, 751
1,023, 234, 341101, 863,12129. 080, 65817,956,07788, 515,162279, 533, 04027, 028,19327, 542,982122, 228,476133, 697, 24373, 659,579203,833,12416,189, 839
206 109,
$769, 932305,405215,937
21, 635, 9501,815,9328,155, 9654, 396, 3285.115,1772, 557, 6311,692, 0891,101, 535
97,11323,914, 2303, 311, 6061, 403,9911,223,8111, 554,6301,423, 5101, 597, 2847,978, 43515, 619,1498, 380, 3163, 477, 895
133, 5666,874, 748496, 685970, 563362, 378746,847
22, 079, 975178, 605
), 593,0594,017, 702
110,56112, 296, 6271, 203, 868670, 442
31, 904, 4103.839,178
312, 924137, 503
1, 699, 3815, 743, 888366, 273406, 645
2, 220, 4521, 557, 558928,480
3, 222, 425143, 717
$2,612._.2, 624.152,388. 032,844. 742, 687. 813,185. 204, 686. 032, 904. 393, 018. 522, 927. 193,057. 512, 377. 313, 042. 802, 645. 992, 576. 992,481. 092, 757. 272, 712. 793,018. 233,191.652, 944. 322, 743. 202,811.392, 046. 323, 034. 212, 797. 822, 588. 212, 649. 372, 786. 543, 166. 432, 631. 233,461. "2, 964...2, 045. 482, 956. 892, 618. 972, 341. 643, 059. 263, 330.. -2,443. 342,148. 882, 806.172, 714. 812, 544. 072, 638. 472,833. 562, 369. 092, 741.132, 226. 302, 382. 26
20 $37
03 447.
43 101
.2334.3220.8673.1859.494.50
.60i.59
87.2853.3390.3516.8783.3651.9632.9441.2847.9041.9076.5595.8762.5465.7256.2712.6671.7649.2438.0688.3447.46
.3732.04
13 137. 22 133 154. i
12.4465. 3637.8225.9495.39
93 125. 5426.2916.4653.8855.7834.4838.51.4827. 6034. 5535. 2021.15
$48, 540, 31619, 420, 41825, 343, 215615,020,14467, 798, 350179, 890,15720, 535, 236139,648, 86467,977, 78874, 613, 36830,871, 68612, 969, 781
617,821,860145,176, 24599, 994, 57067,173,11672, 434,13376, 921, 93944, 638,189175,130, 363523, 414, 838292, 741, 240134, 039, 68526,108, 753216, 530, 24422, 352, 74958, 226,8828, 291,17533,154,875
492, 267,18512,487, 770,755,005,11562,043, 72621,485,025
417, 056, 92180, 486, 44458,009,009742,681, 25565,145, 75529,144, 98319, 210, 97374,052,763
225, 513, 26127,118,64222, 509, 94798, 397, 516123,149, 36962,083,480196,687,08015, 807, 474
3. 10 3, 877, 430 11, 655, 756,678 329,962, 311 3, 006. 05 85.10 8,517,123,872
^Includes Alaska.
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66 STATISTICS OF INCOME
TABLE 2.—Individual returns for 1932 by net income classes, showing number ofreturns, net income and tax, average tax per return, and average rate of tax, personalexemption and credit for dependents, tax before tax credits, and tax credits
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
(Thousands of dollars)
Under 1 (estimated) iUnder 1 (estimated).1-2 (estimated) 1 __1-2 (estimated)2-3 (estimated) l
2-3 (estimated)...3-4 (estimated) i_3-4 (estimated)4-5 (estimated) *4-5 (estimated)5-6 i5-66-77-88-99-1010-11 . .11-1212-13 _13-1414-1515-2020-2525-30 .30-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400 .400-500500-750750-1,0001,000-1,5001,500-2,000 ._2,000-3,0003,000-4,0004,000-5,000-5,000 and over
Total
Nontaxable returns l
Taxable returns _
Numberof returns
350,9888,700
696, 690792,899654,144313,812200,487311,02627,634
164, 60811, 39291,16260,61239,80927,40120,63815,15611,6539,1097,5626,014
19,16910, 5476,6557,7694,0562,3931,474
93866043799535616178994164221233
2
3,877, 430
1,941, 3351,936, 095
Net income
$226,460,4994,679, 594
1,018,379,8641,127,454,5921,640,377,351
796,874, 014667,817,814
1,077,163,215120,835,841731,945, 66862, 297,454
497,998, 282391, 748,038297,169, 478232,105, 243195, 720,890158, 862,195133,929,124113,691, 554101, 996,94187, 093, 749
329, 512,194235,312,187181, 778, 274267, 211, 998180, 648, 316130, 312, 96495, 299,12770. 077, 70356,066,82941, 449,410
119, 895, 87660,915, 95535,813,18421, 278, 77134, 263, 35118, 205, 35238, 530,70919, 343, 52214,120,0885, 250,0236, 579, 585
9, 289,860
11,655,756,678
3, 736,168,8237,919,587,855
Tax
Amount
$102,827
12,254, 359
9,822, 223
10, 690, 784
10, 203, 731
8, 771,8017, 598, 1116,911, 3376, 333, 2286,000,4225, 339, 7214,908,1914,422, 3654, 259,4733,858,915
14,897, 43312,463,91910,693,99817,999, 04714, 852, 84912,148,17910,820,6249,181,1218, 539, 4078,460, 583
24, 469, 28916, 059, 3399, 382,9566,469, 395
11,950,1106, 604, 038
11,867,0677,149, 3035, 904, 5182, 491, 5063,453, 867
4:, 626, 275
329,962,311
329,962,311
Average taxper return
11.82
15.46
31.30
34.37
61.99
96.22125. 36173.61231.13290.75352. 32421. 20485.49563. 27641. 66777.16
1,181. 751,606. 912, 316. 783,661. 955, 076. 557, 340.999, 787.98
12,938.5014, 783. 9424, 597. 2845,110. 5058, 279. 2382,940.96
120,708.18161,074.10185,422. 92324,968. 32492,043.17830, 502. 00
1,151, 289. 00
2,313,137. 50
85.10
170. 43
Averagerate oftax onnet in-come
(percent)
2.20
1.09
1.23
.99
1.39
1.761.942.332.733.073.383.663.894.184.434.525.305.886.748.229.32
11.3513.1015.2315. 5920.4126.3626.2030.4034.8836.2730.8036.9641.8247.4652.49
49.80
2.83
4.17
Personalexemptionand creditfor depend-
ents
$638,517,7771,028,641
1,718,786,725807,846,864
1,929,001,079528,513, 276685,421,787775,714,51486,888, 348
439,993, 50227, 046, 867
247, 745, 690158,681, 245103,144,17070,128, 78652,044, 49437, 536, 36328, 539,45222, 043, 63018,031, 08314, 347,10744,770,49324,178, 30615,001, 39617,465, 5778,912, 2795,127, 3983,078, 7591,964, 2641,366,732
877, 5101, 918, 492
650,165282, 563140, 533150,07460,075
108, 23338,00017, 5005,0005,000
4,150
8,517,123, 872
5, 085, 662, 5833, 431,461, 289
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.
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STATISTICS OF TNCOME 67
TABLE 2.—Individual returns for 1982 by net income classes, showing number ofret urns, net income and tax, average tax per return, and average rate of tax, personalexemption and credit for dependents, tax before tax credits, and tax credits—Con.
Net income classes
(Thousands of dollars)
Under 1 (estimated)1
Under 1 (estimated)1-2 (estimated)1
1-2 (estimated)2-3 (estimated)1
2-3 (estimated)3-4 (estimated)1
3-4 (estimated)4-5 (estimated)1
4-5 (estimated)5-6 (estimated)1
5-66-77-8 . .8-99-1010-11 .11-1212 1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-90 . _90-100100-150 . . .150-200200-250250-300_ ._300-400400-500500-750 . . _ .750-1,0001,000-1,5001,500-2,0002,000-3,000...3,000-4 0004,000-5,0005,000 and over
Total
Tax before tax credit
Normal tax
$102,827
12, 254, 359
9, 822, 223
10, 690, 784
10, 203, 731
8, 771, 8017, 310, 8346,330,2115, 657, 3985, 284, 4354, 585, 8244,098,4613, 567,8213, 323,1592,908, 274
11,567,8058, 889,1227,059,097
10, 001, 2926, 559, 7774,187,1252, 854,9442, 099, 2391, 568,1321, 061,9972, 814, 7801,011,792
563,081333, 334339, 772250, 127208, 774281, 048
31,933
10, 715
156, 606, 028
Surtax
$287,277581,126675,830715,987753,897809, 730854, 544936, 314950,641
5, 394,3526, 573, 2927, 382,623
15, 546, 57514, 979,83513, 703,05812, 360,13710, 764, 7709, 901, 9958,151, 607
29, 684, 50618, 539, 22711,943,3097, 235, 098
12, 829,1837, 049, 272
15,113,3277, 306,1767, 061, 3142, 711, 8923, 443,152
4,992, 344
239, 232, 390
12 Yi percenton capitalnet gain
from sale ofassets heldmore than
2 years
$24,06486,176
145, 514455,822388, 212403, 420313,817231, 022267, 066219, 864820, 207445,057317, 283284, 489408, 534222, 765639,848365, 673
512
6, 039, 345
Total
$102,827
12, 254,359
9, 822, 223
10,690, 784
10, 203, 731
8, 771, 8017, 598, 1116,911,3376, 333,2286, 000,4225, 339, 7214,908,1914,422, 3654, 259,4733,858,915
16, 986, 22115, 548, 59014, 587, 23426, 003, 68921,927,82418, 293, 60315, 528, 89813, 095, 03111,737,1939, 433, 468
33,319,49319,996, 07612, 823, 6737, 852, 921
13, 577, 4897, 522,164
15,961,9497,952,8977,093,7592,711,8923,453, 867
4,992,344
401,877, 763
Tax credit—12^ percenton capital
net loss fromsale of assets
held morethan 2 years
$2, 088, 7883,084, 6713,893, 2368, 004, 6427, 074, 9756,145,4244,708 2743, 913, 9103,197,7862,972,8858,850, 2043,936, 7373,440,7171,383, 5261, 627, 379
918,1264,094, 882
803, 5941,189,241
220, 386
366,069
71,915,452
* Nontaxable returns. Specific exemptions from normal tax exceed net income.
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68 STATISTICS OF INCOME
TABLE 3.—Individual returns for 1932 by net income classes, showing simple andcumulative distribution of number of returns, net income and tax, and percentages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
(Thousands of dollars)
Under 1 (estimated)1-2 (estimated) -2-3 (estimated)3-4 (estimated)4-5 (estimated) _ _5-66-77-8 _ - . .8-99-1010-1111-1212-1313-14 - .14-1515-2020-25 . . __ __.25-3030-4040-5050-6060-7070-8080-90 . -90-100 - -100-150150-200200-250.- . . .250-300300-400400-500500-750750-1,0001,000-1,500.1,500-2,0002,000-3,0003 000-4 0004,000-5,0005,000 and over_._
Total
Simple distribution
Number
359, 6881, 489, 589
967, 956511,513192, 242102, 55460, 61239, 80927, 40120, 63815 15611.6539,1097,5626,014
19,16910, 5476,6557,7694,0562,3931,474
93866043799535616178994164221233
2
3, 877, 430
Percentof total
9.2838.4224.9613. 194.962.641. 561.03.71.5339
.30
.23
.2016
.49
•3.20
10.064.04.025.019.013.026. 0092.005.0021. 0026. 0012. 0017. 0006. 0003. 0001.0001
.0001
100.00
Returns
Cumulative distribu-tion from h i g h e s tincome class
Number
3, 877,4303, 517, 7422, 028,1531, 060,197
548, 684356, 442253, 888193, 276153, 467126, 066105, 42890, 27278, 61969,51061, 94855,93436, 76526, 21819, 56311,7947,7385,3453,8712,9332,2731,836
841485324246147106422085
2
Percentof total
100.0090.7252.3027.3414.159.196.554.993.963.252.722.332.031.801 601.44.95.68.5131
.21
. 146
.106
.081
.062
.049
.023
.0138
.0088
.0067
.0041
.0029
.0012
.0006
.0003
.0002
.0001
Cumulative distribu-tion from lowestincome class
Number
359, 6881,849, 2772, 817, 2333, 328, 7463, 520, 9883, 623, 5423, 684,1543, 723,9633, 751,3643, 772,0023, 787,1583, 798, 8113, 807,9203, 815,4823, 821,4963, 840, 6653,851,2123, 857,8673, 865,6363, 869, 6923, 872,0853, 873, 5593, 874, 4973, 875,1573, 875, 5943, 876, 5893,876,9453, 877,1063, 877,1843,877, 2833, 877, 3243, 877, 3883, 877, 4103, 877, 4223,877,4253,877, 428
3,877,430
Percentof total
9.2847.7072. 6685.8590.8193.4595.0196. 0496. 7597.2897. 6797.9798.2098.4098.5699.0599.3299.4999.6999.7999. 85499. 89499. 91999. 93899.95199. 97799. 986299. 991299.993399. 995999. 997199.998899. 999499. 999799. 999899. 9999
100.00
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STATISTICS OF INCOME 69TABLE 3.—Individual returns for 1932 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percent-ages—Continued
Net income classes
(Thousands of dollars)
Under 1 (estimated)1-2 (estimated)2-3 (estimated)3-4 (estimated)4-5 (estimated)5-66-77-88-99-1010-1111-1212-13 .
14-1515-2020-25 _ . .25-3030-4040-5050-6060-7070-80 . _ .80-9090-100100-150 .150-200200-250250-300300-400400-500500-750750-1,000 . . . .1,000-1,5001,500-2,0002,000-3,0003,000-4,000— . . _4,000-5,0005,000 and over_
Total
Net income
Simple distribution
Amount
$231,140,0932,145, 834,4562, 437, 251, 3651, 744, 981, 029
852, 781, 509560, 295, 736391, 748, 038297,169, 478232,105, 243195, 720,890158, 862,195133,929,124113, 691, 554101,996,94187,093, 749
329, 512,194235, 312,187181, 778, 274267, 211, 998180, 648, 316130,312,96495, 299,12770,077, 70356,066, 82941, 449, 410
119, 895, 87660,915, 95535, 813,18421, 278, 77134, 263,35118, 205, 35238, 530, 70919, 343, 52214, 120, 0885, 250, 0236, 579, 585
9, 289, 860
11, 655, 756, 678
Percentof total
1.9818.4120.9114.977.324.813.362.551.991.681.361.15.97.87.75
2,832.021.562.291.551.12.82.60.48.36
1.03.52.31.18.29.16.33.17.12.04.06
.08
100.00
Cumulative distributionfrom highest incomeclass
Amount
$11,655,756,67811,424,616,5859, 278, 782,1296, 841, 530, 7645, 096, 549, 7354, 243, 768, 2263, 683,472,4903, 291, 724,4522, 994, 554, 9742, 762, 449, 7312, 566, 728, 8412,407, 866, 6462, 273,937, 5222,160, 245,9682,058, 249,0271,971,155,2781 641,643,084
Percentof total
100.0098.0279.6158.7043. 7336.4131.6028.2425. 6923.7022. 0220. 6619.5118.5417.6716.9214.09
1,406,330,897 1 12.071,224,552,623 j 10.51
957,340,625 1 8 22776, 692, 309646, 379, 345551, 080, 218481,002, 515424,935, 686383, 486, 276263, 590,400202, 674,445166, 861, 261145, 582, 490111,319,13993,113,78754, 583, 07835, 239, 55621, 119,46815, 869, 445
9, 289, 860
6. 675.554.734.133. 653.292.261.741.431.25.96.80.47.30.18.14
.08
Cumulative distributionfrom lowest incomeclass
Amount
$231,140,0932, 376, 974,5494, 814, 225,9146, 559,206,9437,411,988,4527, 972, 284,1888, 364,032, 2268, 661, 201, 7048,893,306,9479,089,027, 8379, 247, 890,0329, 381, 819,1569,495, 510, 7109, 597, 507, 6519, 684, 601, 400
10,014,113,59410, 249,425, 78110, 431, 204,05510, 698,416,05310, 879,064, 36911, 009, 377, 33311,104,676,46011,174,754,16311,230,820,99211,272,270,40211,392,166,27811,453,082,23311,488,895,41711,510,174,18811, 544,437, 53911,562,642,89111,601,173,60011,620,517,12211,634,637,21011, 639, 887, 23311,646,466,818
11,655,756,678
Percentof total
1.9820.3941.3056.2763.5968.4071.7674.3176.3077.9879.3480.4981.4682.3383.0885.9187.9389.4991.7893.3394.4595.2795.8796.3596.7197.7498.2698.5798.7599.0499.2099.5399.7099.8299.8699.92
100. 00
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70 STATISTICS OF INCOME
TABLE 3.—Individual returns for 19S2 by net income classes, showing simple andcumulative distribution of number of returns, net income and tax, and percent-ages—Continued
Net income classes
(Thousands of dollars)
Tax
Simple distribution
Amount Percentof total
Cumulative distribu-tion from highestincome class
Amount Pereentof total
Cumulative distribu-tion from lowestincome class
Amount Percentof total
Under 1 (estimated).1-22-33-4
estimated)..estimated)..estimated)..estimated)..4-5
6-6.6-7.7-8—8-9—9-10-10-11-11-12.,..12-1313-1414-15—15-2020-2525-30.—30-4040-5050-6060-7070-8080-90—90-100100-150.150-200.200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,000
5,000 and over-
Total . . .
$102,82712,254,3599,822, 22310,690,78410, 203,7318, 771,8017, 598, 1116,911,3376,333, 2286,000,4225,339, 7214,908,1914,422,3654,259,4733, 858,91514, 897,43312,463,91910, 693, 99817,999, 04714,852,84912,148,17910, 820, 6249,181,1218, 539,4076,460, 58324,469, 28916, 059,3399, 382, 9566,469, 39511,950,1106, 604,03811,867,0677,149, 3035,904, 5182,491, 5063,453, 867
0.033.712.983.243.092.662.302.091.921.821.621.491.341.291.174.513.783.245.454.503.683.282.782.591.967.424.872.841.963.622.003.602.171.79.761.05
$329,962,311329,859,484317, 605,125307, 782,902297,092,118286, 888, 387278,116, 586270, 518,475263, 607,138257, 273,910251, 273,488245,933, 767241, 025,576236, 603, 211232, 343, 738228,484,823213, 587, 390201,123, 471190,429,473172,430, 426157, 577, 577145,429, 398134, 608, 774125, 427, 653116, 888, 246110, 427, 66385, 958, 37469,899, 03560, 516, 07954,046, 68442, 096, 57435, 492, 53623, 625,46916, 476,16610, 571, 6488, 080,142
100.0099.9796.2693.2890.0486.9584.2981.9979.9077.9876.1674.5473.0571.7170.4269.2564.7460.9657.7252.2747.7744.0940.8138,0335.4433.4826.0621.1918.3516.3912.7710.777.175.003.212.45
$102,82712, 357,18622,179,40932, 870,19343,073,92451,845, 72559, 443,'83666,355,17372,688,40178,688,82384,028, 54488,936,73593, 359,10097,618,573101,477,488116,374,921128,838,840139,532,838157,531,885172, 384, 734184,532,913195,353, 537204, 534, 658213,074,065219, 534, 648244,003,937260, 063, 276269,446, 232275,915, 627287,865, 737294,469, 775306,336,842313,486,145319, 390, 663321,882,169325,336,036
4, 626, 275 1.40 4, 626, 275 1.40 329,962,311
0.033.746.729.96
13.0515.7118.0120.1022.0223.8425.4626.9528.2929.5830.7535.2639.0442.2847.7352.2355.9159.1961.9764.5666.5273. 9478.8181.6583.6187.2389.2392.8395.0096.7997.55
100. 00
329,962,311 100.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 71TABLE 4.—Individual returns for 1932 by States and Territories, showing number
of returns and net income by sex and family relationship
[Money figures in thousands of dollars]
[For text defining certain items and describing methods of tabulation and estimating data, see pp. 1-5}
States and Territories
Joint returns of hus-bands and wives,with or without de-pendent children,and the returns ofhusbands whosewives, though livingwith them, file sepa-rate returns
Number ofreturns
Netincome
Single men—head:of families
Numbe:of
returnsNet
income
Single women-heads of families
Numberof
returnsNet
income
Single men—notheads of families;
Numberof
returnsNet
income
AlabamaArizonaArkansasCalifornia,.ColoradoConnecticutDelawareDistrict of Columbia.Florida...GeorgiaHawaii _IdahoIllinois _.Indiana..Iowa _Kansas..KentuckyLouisiana _.MaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew Mexico ._New YorkNorth Carolina... . .North DakotaOhio.. _Oklahoma _._OregonPennsylvania _Rhode IslandSouth Carolina.South DakotaTennesseeTexasUtahVermontVirginia..Washington 1
West Virginia..WisconsinWyoming.
10,9344,5636,348
136,62316,04737,0534,492
27, 76416, 28517,8696,7562,882
129,80735,06721, 25217, 20116,21216, 70010, 58739,810
109,99769,38731,296
52,4455,163
13,8081,7827,792
109,4273,082
394,52315,3885,586
94,33621, 20813,945
162, 72313,6827,2554,942
17,42954,9206,7134,381
24,27427,90014,17448,8763,830
Total . 1,921,105
35,31313,48117,481
409,57452,161152,90926,965114, 03857, 28364, 23024,4278,277
534,447115,43370,37651,88756,91246, 96539,041157, 718410,571231,689114,23515, 588192,89118,37244,9515,61026,635436,3789,019
1,670,09753,42513, 280
353, 27663,44340,884606,00056,46021,03612,87359,116147,11720, 28715,51982, 55273, 58848,171130,50611, 059
2,009449682
16,2772,4766,048584
2,5672,0341,620923375
21, 7454,1225,1101,4032,1822,4591,0744,51019,0588,1493,228677
5,301573
1,844243850
18,867219
46,1601,366276
12,8121,5621,485
29,1252,226656316
2,4284,903589
1,0112,1613,7581,9964,287478
4,168985
1,45538,0165,45314,9141,6967,8635,1114,3191,951829
54,7699,36810,4203,3195,0385,7392,65312,45245,16317,8807,5471,297
13, 6561,2783,806606
1,91844,964
542135,5683,415596
30,3973,5452,96368, 5705,6461,486643
5,47311,3161,1752,2585,9097,4604,2719,097
872213319
11,0131,0574,207467
4,0911,1281,421296180
15,1372,1662,004804
1,7582,090641
3,04312,8413,6091,531362
3,62930583064547
9,860125
36,158614138
7,557840
1,12012,9601,570307134
1,3622,904300555
1,4061,994915
1,572124
1,731481705
26,4482,47210,9382,0039,1432,5763,204915300
30,2443,9853,6611,5243,4274,1571,5377,90426, 7698,2353,442591
8,245582
1,598236
1,18925, 773
30393,9561,694238
16,0751,7241,921
33,4034,113672233
2,5316,099530
1,1533,4373,6211,9533,423253
4,4492,0581,85666,4376,91918, 2592,10415,0905,4095,4922,5941,40069,12213,1808,4445,7546,5255,6604,02720, 08949,32528, 297W, 2561,62320,9952,8135,1721,5553,375
42, 7141,137
156,6924,3821,827
42,4434,6315,06272,9366,4322,1501,9506,22819, 7751,8962,2878,43714,0106,59922,6321,843 i
7,8193,758
128,84511,92937,6415,48235,38811,0619,9374,8862,167
134,84422,01314,4599,06811,87910,1688,53144,306102,05950,60328,1882,22040,9525,4208,9362,7256,43582,6642,094
369,7657,7692,59281,1038,0967,879
154,10414,1843,1562,76811,84536,2442,8334,02815,65123,81712,03734,3502,921
7,033,542 255,253 629,946 159,140 371,348 820,352 1,644,610
i Includes Alaska.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
72 STATISTICS OF INCOME
TABLE 4.—Individual returns for 1932 by States and Territories, showing numberof returns and net income by sex and family relationship—Continued
[Money figures in thousands of dollars]
States and Territories
Numberof
returns
Single women—not heads of fami-
lies
Netincome
Wives filingseparate returnsfrom husbands
Num-ber of
returnsNet
income
Communityproperty in-
come 2
Num-ber of
returnsNet
income
Grand total
Numberof returns
Netincome
Alabama --.Arizona.. --ArkansasCaliforniaColorado --.ConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexcioNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsyl vaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashington1
West VirginiaWisconsinWyoming ._.
Total
2,0861,0681,005
48, 2223,53418,7021,840
22,9153,8274,7201,388629
45, 6808,3725,2024,0695,2034,1924,07813,88951,55516,4238,5601,16811,9181,1463,498274
2,83532, 522
629148, 2363,745991
27, 6263,0893,94650, 6925,9801,364940
3,63711,056
9752,0536,2925,6792,77912, 826
428
3,6241,8191,69698,2627,882
43, 8565,992
41, 6898,4948,2203,683897
89, 48713,4339,0276,3089,8887,4428,88733,487117,80230,91015, 2621,620
25, 2302,0755,725634
6,17773, 3511,294
368, 9377,0131,317
57, 0884,8735,941
118, 65416,1982,1581,2887,25320,0281,5603,84811,8759,8335,64022,128
679
623, 483 1, 350, 466
330359140
8,641504
2,039335
1,074620608235212
5,397815612412574
1,699460
1,8726,9901,650939129
1,52087351131339
4,422279
16,91647771
3,367502287
6,03569117074459
5,449151152566
1,997409
1,36493
1,3651,034390
32,8152,18014, 6503,8895,3553,9262,9731,414562
29,1504,3761,9001,4402,3414,7172,3329,75033,02710, 4845,098269
9,728495991452
1,50126, 557
643126, 0313,674159
18, 3741,685931
42,5055,262572151
2,29813,864
643737
2,8045,1461,5884,330295
83, 005 446,852
190 1,797
8,437 107,086
657
1,174 12,978
53 605
103 772
3,959 44,865
1,096 10, 232
20, 6808,90010,350
295,65030,53786,3089,82273, 50129, 30331,73012,1925,758
286,88863,72242, 62429, 64332,45433,97420,86783, 223249, 766127, 51561,81010, 54895,80810,08725, 5034,10215,738
217,8125,574
798,68525,9728,889
188,14131,83225,845
334, 47130, 58111, 9028,356
31, 543102, 96610, 62410,43943,13656, 43426,87291, 5576,796
54,02023,35524,716841,04882,078274,90946,026213,47688,45292,88337, 27713, 689
872,941168,608109,84273, 54789,48592,16462,981265, 619735, 391349,800173,77221, 585290, 70228,22266,00710, 86843, 855689,68714, 666
2, 764, 35476,99018,182
556, 31383,36760, 520
1, 023, 234101, 86329,08117, 95688, 515279, 53327,02827, 543122, 228133,69773,660
203,83316,190
15,092 178, 993 3,877,430 11,655, 757
1 Includes Alaska.2 See footnote 2 on p.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 73
TABLE 5.—Individual returns for 1982 by net income classes, showing number ofreturns and net income by sex and family relationship
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
Under 1 (estimated) l_Under 1 (estimated)...1-2 (estimated) t1-2 (estimated) . .2-3 (estimated) l
2-3 (estimated)3-4 (estimated) !
3-4 (estimated) .4-5 (estimated) *4-5 (estimated)5-6 i5-66-77-88-9-- .9-1010-1111-1212-13 .13-1414-1515-2020-2525-3030-4040-5050-60- . . . -60-70__.70-8080-9090-100 .100-150150-200200-250250-300300-400.__4C0-500 .500-750750-1,000 _.1,000-1,5001 500-2 0002,000-3,0003,000-4,0004,000-5,0005 000 and overClasses grouped 2-
Total
Nontaxable returns t_.'Taxable returns
Joint returns of hus-bands and wives,with or without de-pendent children,and the returns ofh u s b a n d s whosewives, though livingwith them, file sepa-rate returns
Number ofreturns
137, 357835
286, 5866,097
545, 585128, 547181, 008241, 76220, 624
129,8016, 514
69, 63643, 50627, 83718, 60713,8119,7137,3515,6014,5503, 665
11,3226,1283, 8024,4662 2311,297
80552836023950618085434823309422
2
1,921,105
1,177, 674743, 431
Netincome
77, 825482
439, 6449,831
1, 382, 556352, 169601, 909838, 997
89, 646576, 600
35. 539380, 255281, 067207,732157,584130, 966101, 79384, 39769, 90161,37353, 057
194,512136.799103, 837153,54599, 24470. 67651, 93639. 41030, 54822, 70860, 69630,909
1 18,94511,71416,61210, 38617, 9617,7634,8583, 5024,368
9,290
7, 033, 542
2, 627,1204, 406, 422
Single men—headsof families
Numberof
returns
12, 30778
130, 232548
63. 0897,4797,192
12, 637779
6, 596393
3,9522, 5631,6311, 140
8056164803662832196603792352511267844311710197412
211
255, 253
213,99241, 261
Net in-come
7,47854
196, 685926
149, 86320, 33223, 72743,818
3, 41229, 372
2, 14621, 60316, 57812, 1709, 6297, 6406, 4525, 5184, 5743,8143,175
11,3158, 4296, 4368, 6535,6254,2402,8702,3211,470
9422,3001, 189
878
749
(2s)
(>)
3, 561
629,946
383, 310246. 636
Single women-heads of families
Numberof
returns
7, 68210
103,502338
25, 8092,4213,4404,132
9772, 401
5761, 4591,288
9187104914363502682231765373041782121056141221610221142223
1
Netincome
4,9277
149, 893542
60, 4816, 540
11,58214, 3684,332
10, 7863,1557,9938, 3426,8536, 0234,6614,5774,0273, 3533. 0102, 5519, 2786, 7974, 8547,3514,6593,3312, 6331,6451,347
9412, 7011.941
931579681
1, 698
(«)
1 1.981
159,140
141,98617,154
371, 348
234, 369136,979
Single men—notheads of families
Numberof
returns
107, 835339
79, 433448, 655
6, 485106, 691
2,15527,119
1,38711,939
9515,9614,3473, 0532,1391, 6611,3231,028
832703544
1,8891,054
6758374182751581007145
13157228
16492I
820, 352
198, 246622, 106
Netincome
74, 094188
105,545644, 332
15, 370255, 997
7,44792, 5656,223
53, 2345,218
32, 58828,10222, 82518,12415, 74013, 85611, 78410, 3909,4807. 883
32, 48523, 51218, 45328, 83618 70215,01710,2937,4596,0474, 286
15, 9409.7274,9412,1685, 4581,8005,521
(2)
2,979
1, 644, 610
213, 8981, 430, 712
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.2 Classes grouped to conceal identity of taxpayer.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
74 STATISTICS OF INCOME
TABLE 5.—Individual returns for 1932 by net income classes, showing number ofreturns and net income by sex and family relationship—Continued
[Money figures and net income classes in thousands of dollars]
Net income classes
Numberof
returns
Under 1 (estimated) 1
Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) *2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) *4-5 (estimated)
6i5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over._-Classes grouped 5
Total
Nontaxable returns !
Taxable returns
Single women—not heads of fami-
lies
75, 749468
87, 202328, 235
9,09060,8994,339
18,0992,3448,3861,5734,2374,0302,8972,1861,7561,4521,138
936811679
2,2721,254
8529715553032091239267
16543236
196
1052
623,483
180,297443,186
Netincome
56,848262
112,670458,12222,077
142,49614,99862,04110,42837, 4708,634
23,19126,08521,64318, 55416,65615, 22413,19311, 68210,9339,831
39,12527,94523, 27033, 23924,68216,46913,5269,2077,8236,356
19,8537,3154,9891,6006,6782,5206,0794,2542,497
1,350,466
225,6561,124,810
Wives filingseparate returnsfrom husbands
Num-ber of
returns
10,058'6,9709,7359,026
7,7752,3537,2771,5235,4851,1692,1722,3941,7131,4141,199
948782670592427
1,594973634730420266155998156
1184820167
Netincome
83,005
28,92454,081
5,2893,68713,94213, 70110,02919,3418,15525,3746,79424,4836,41711, 89915, 51412, 79111,98611,3999,9388,9828,3577,9896,18627,49421, 69417,28425, 22018, 75114,43910, 0197,4286,8775,26814,1898,1304,4824,4322,4932,6593,7132,747(2)
7,279
446,852
50,627396, 225
Communityproperty in-
come 3
Num-ber of
returns
2163,7452,4841,7601,205
915668524436400304895455279302201113623523103410325
15,092
21614,876
Netincome
1,18820,46916, 06013,15510, 2068,6597,0226,0285,4355,3984,411
15,30410,1377,644
10, 3688,9866,1404,0232,6071,955
9484,2181,705
647521
1,592
2,3801,786
178,993
1,188177,805
Grand total
Numberof returns
350,9888,700
792,899654,144313,812200,487311,026
27, 634164,60811,39291,16260, 61239,80927,40120,63815,15611, 6539,1097,5626,014
19,16910,5476,6557,7694,0562,3931,474
93866043799535616178994164221233
3,877,430
1,941,3351,936,095
Netincome
226,4604,680
1,018,3801,127, 4551,640, 377
796,874667, 818
1,077,163120, 836731,94662, 297
497,998391, 748297,169232,105195, 721158, 862133,929113,692101, 99787,094
329, 512235, 312181, 77&267,212180, 648130,3ia95,29970,07856, 06741, 449
119,89660,91635,8ia21,27934,26318,20538,53019, 34414,1205, 2506,580
9,290
11,655,757
3, 736,1697,919, 5SS
* Nontaxable returns. Specific exemptions from normal tax exceed net income.* Classes grouped to conceal identity of taxpayer.* See footnote 2 on p. 7.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 75TABLE 6.—Individual returns for 1932 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year
[Thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
States and Territories
Sources of income
Wagesand
salaries
Profit from saleof real estate,stocks, bonds,
etc.Business Partner
ship i
3,3231,2072,073
34,1033,7256,7281,1185,2794,2543,643991419
35, 9147,6135,1264,
3,6331,5652,211
63,9314,36110,8231,1829,0035,5775,79C1,905742,249
8,7237,1267,7905,6307,5422,51811,65920,73415, 7237,0571,51515,1701,1283,418654
2,09523,2601,056
76, 5964,731
5,711,611,44
120,0412, 71477,94423,64817,54718,79815,0878,154
741121,18821,20510,6985,94016,1099,35512,00445, 517156,20650,60923, 5681,499
45,7142,8565,541,5449,390
108,2161,150
544, 55923,559
80395,5935,8454,237
201, 74626,7602,8191,22111,02927,5192,9794,37718,38710,88012, 70424, 2431,116
21,49014, 07811, 24011,462
81618, 2405,3833,25333,2802,5241,339919
4,30820, 8311,189733
4,4,8962,7467,397591
3,608215112
2,5152516817
218
27,8668,7883,38537,9873,8871,7961,2004,
36,056978926
7,119
AlabamaArizona __ArkansasCalifornia-__ColoradoConnecticut..DelawareDistrict of ColumbiaFlorida.-GeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichigan...MinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew York...North CarolinaNorth DakotaOhio-OklahomaOregon...PennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermont.VirginiaWashington 3West VirginiaWisconsinWyoming _.
42, 78517, 76919,257
574,45655,260
170,05321,103174,04654,93075,45826,86410,903
6,3703,7404,833
114, 77010,87227,1163,40118,39410,405
134,04678, 59249, 56365,32669, 39337,267181,41!465.824279,413127,49018,790
223,99020,34049,0537,62325,495
504,88010,003
, 727, 70157, 28414,525
434,08068,65846,304686,37462,04823,98813, 25870,868
197,86321, 43518, 58590,013
100.82555,769
155,50111,997
1,6514,043
233520
2,7391,231
6733,142
232
Total. 136,7171,294,952 482,863
For footnotes, see p. 76.
61684—34 6
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
76 STATISTICS OF INCOME
TABLE 6.—Individual returns for 1932 by States and Territories, showing sourcesof income and deductions, net income, and net loss for prior year—Continued
[Thousands of dollars]
States andTerritories
AlabamaArizonaArkansasCaliforniaColoradoConnecticutDelawareDist. Columbia-.FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew Hampshire-New JerseyNew MexicoNew YorkNorth Carolina. _North DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth Carolina.--South DakotaTennesseeTexas IUtah f
VermontVirginiaWashington»West VirginiaWisconsinWyoming
Sources of income—Con.
Interestotherthantax-
exempt
Total 1,141, 799 330, 60214,392,080
11,0894,5686, 437
147,13, 46841, 5038,936
25, 66217, 65118,993
5, 9082,319
151, 27729,00921,62914, 27016, 84319,0129,053
36, 61897,12670,17428,1166,277
50, 3793,50610, 5311,8715,804
104, 6102,388
435,17119, 9513,07691,88721, 43911,362
160, 66513,1986,4793,496
17, 24272, 4184,2,954
20, 24618,84412, 36043, 3012,196
14, 4685,867,050
198, 06918,83362,15312,49634,19323, 50725, 2537, 5162,892
217,87339, 31927, 63118, 62523,82025, 41113, 64352, 314144, 49592,02740, 7397, 919
71, 3214,67014,4592,3278,107
143, 6932,994
1,355540446
25, 4422,48711,2901,2153,0832,7602, 653548176
37, 4704,2012,3981,1573,0523,3202,5417, 878
26, 67211,007,435400,830415
1,514223
1,10918,135
235106, 6311,793199
16,9451,7611,538
28, 9543,968593188
1,9445,533863526
2,7993,1141,7576,104246
8011,040980447213
7, 7651, 7181, 0311, 3931,256]., 118578
2,0203, 6502,5631,439445
2,224321751147294
3, 773,2191
23, 410828379
3,6581,425658
16, 674977374263850
5,890312185
1,1781,266552
1, 545302
6,51718511914349272,
92,16462, 981
265, 619735, 391349, 800173, 772
21, 585290, 701
28, 22266,00710,86843.855
42966386900
17,175152
81,3,347379
16, 3912,073972
32, 7872,8731,129340
2,7686,088589654
4,1631,8791,7954,720
211
25, 920,033
128, 88126, 69814, 530
239,21,0168,5754,287
22, 804
6,6904,319
28, 38625,10316, 46555, 6702,955
375, 445 112, 659 304, 009 1, 944, 209 2, 736, 323 11,655,757
4.492J 6092,020 5871,801 498
86,034! 11,127 19,787) 1,546
28, 20814, 4721
13, 474J11,194!4, 8501, 533!
895!82, 419
6, 6319, 8945,1265, 765
. 8,4079, 979
26,94394, 235|25, 78616, 830
1, 69822, 896
1, 9765, 393
608|4, 716
76, 367|1, 258|
308, 394 195, 476 3,2,0141,109
25, 580
5 244115, 493
13, 4322,2221,1515,397
21,4561,8813,0099,981
11,2142,038
31, 2031,006
28,984
1 For explanation of item, see p. 10.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks andbonds, see p. 209.
3 Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.* This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The figures ex-
clude in all years, amounts for net incomes under $5,000.»Includes Alaska.
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STATISTICS OF INCOME 77
TABLE 7.—Individual returns for 1932 by net income classes, showing sources ofincome and deductions, net income, and net loss for prior year
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5'
Net income classes
Under 5 (est.)..5-66-77-88-99-1010-1111-12 -- .12-1313-1414-1515-2020-25.25-3030-4040-5050-6060-70-70-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over-
Sources of income
Wagesand
salaries
Profit fromsale of real
estate, stocks,bonds, etc.
Busi- j Partner-ness ship *
079,462412,757270,370194, 354143,470115.97488, 43971, 29157,18448, 84640,956
142, 95393, 65666, 62194, 337155,474J37, 998!25, 99819,91814. 4608, 570
25, 997!10, 6685,6532,0042,8531,5712,5141.601
47834
253
Total _ 8,136,717 1,294,952 482,863i
940,46467,69647,11534, 49626, 06421,40215, 69313,08810,5309,6687,631
26, 25316, 68712,67214,1859,8085,6834,1162,8551,5001,6813,359
402430336668
100363
198, 23929,35022,42519, 41315, 26112, 74110, 7479,188
Ke-portedfor taxon cap-ital netgain 2
6,7366,249
23, 75718, 78814, 49221,55916,096|11,3528,0435,8472,8033,3428,4164,1961,9351,680
382886541
21199!
193709
1,1693,9533,1743,3162,5771,8762,1431,7636,7143,6092,6462,4313,3101,7825,7792,925
Allother
41,1716,3605,1664,6544,0423, " "3,1042,7072,4342,0441,7738,7025,2403,6364,4392,9232,3451,209
568724233
1,7425492223706735538
1,8101
50,074 112,814 529,989
Rentsand
royal-ties
Interestson Gov-rnmentobliga-tionsnot
whollyexempt
fromtax
369,74423,01617, 54012, 83910,1078,1957,0566,2425,1534,4293,542
14, 0049,9446,5448,7106,1523,3922,0592,2471,4991,0033,3711,051
644201230266523273
2,2672,0071,8011,5551,4041,1511,139
856813
3,1622,3701,7732,3581,6121,097
826433443243845310112184163|33
1392177
57
Divi- Idends on jstock ofdomestic |corpora- i
tions j
Fidu-ciarv i
431,50881, 86268, 58463, 08054,17351, 06645, 79839, 73736,33633, 77529.038
121, 65188, 62767,921
112,39084, 32269, 63455.42942, 46237,11627, 58384,45947,87829.03916, 72031,14915, 20339, 33514,90416, 6426,1896,403
22,120
93,33916, 79214, 54812, 03810,49510,1339,1037,6766,6646,6085,397
21,97417,17613,77419, 92112, 2127,4825,4783,4412,6812,2375,1441,6551,204
827334
1,121952426117
29,188 1,972,133 310,949
t For explanation of item see p. 10.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Sea
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks andbonds, see p. 209.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
78 STATISTICS OF INCOME
TABLE 7.—Individual returns for 1982 by net income classes, showing sources ofincome and deductions, net income, and net loss for prior year—Continued
Net incomeclasses
Under 5 (est.)-5-66-7—7-88-9—9-10— -10-1111-1212-1313-1414-1515-20 - -20-2525-30 -30-4040-50. -50-6060-7070-8080-9090-100100-150.150-200200-250 .-.250-300300-400400-500500-750 .-750-1,0001,000-1,500—1,500-2,000—2,000-3,000—3,000-4,000—4,000-5,000—5,000 and over.
Total. .
Sources of income-Continued
interestotherthantax-
ixempt
605, 25858, 44845,87337, 56430, 57226,11621,85318,84616, 28914, 82712, 47847,34,94126,96839,18325,98616, 63511, 6667,7046,6354,996
12,0154,8063,0541,5263,3481,5752,21
56S
96
1,27
Otherin-
come
263,2499,9145,5194,2443,8973,1352,4702,3341,7331,7041,4435,5113,7003,1564,8143,1521, " "1,193
92386366:
1,0751,640
2402836706.
52:617168
1,141,799 330,602 14, 392,08C
Totalincome
), 022,434706,195499, 407384, 689299,882254,197205, 667172, 260145,750129,493109,320415,242291,838218, 726325,849220,911160, 622118, 59488, 27'70, 86'52, 312
153, ' ""76, 76445,17926, 56243, 78022, 55552,65c23, 51118,75'6,4276,807
Deductions
Net lossfrom sale
of realestate,stocks,bonds,
>te., otherthan re-Dorted for;ax credit3n capitalnet loss 2
200,81828,53024,01621, 34616, 28313,93310, 7258,2037,1245,3534,058
11,7324,9012,6052,8902,3801,2501,33'
7581,090
3431,977
8593727<50814.24442:494
375, 44,
>Iet lossfrombusi-nessand
part-ner-ship
65,6874,1413, 3432, 5182,16'2,0222,0611,3701,260
986786
4,6693,2561,7392,9542,4671,8741,4531,67
952455
2,00983422826448316£43*24-16!
112,65!
Con-tribu-tions
164,16314, 73110,5968,3806,5205,7014,5823,8683,2902,9512,4929,8236,9835,4228,43'6,4365,1453,93^3,0772,5501,9335,8443,5022,1641,0052,5261,1662.69S1,031,296
1,631
304,00<
Allother 3
1,179,77798,49769, 70455, 27642,80736,82029,43724, 89020,38418, 20614,89059, 50641, 38627,18244, 359
22,04016,57412,69010, 2088,131
23,41110, 6536,6032,7386,0002,876
10,74:2,4633,685
79S17S
12,31
1,944,20£
Total
1,610,445145,900107, 65987, 52067, 77758, 47646,80538,33132,05827,49622, 22685, 73056, 52636, 94858, 63"40, 26330, 30923, 29518,19614,80010,86233, 24115, 8489,3665,2839,5174,348
14,1224,1664,6371,177
227
14,132
2, 736, 32c
Netincome
,411,989560,295391, 748297,167232,105195, 721158, 862133, 929113,692101,99787,094
329, 512235, 312181, 778267, 212180, 648130, 31395, 29970, 07856,06741, 450
119,89660, 91635,81S21, 27934, 26318, 20538,5319,34-14,12C
5,25(6,58(
9, 29C
11, 655, 75:
Netlossfor
prior
1,4831,3501,2661,020
741620423420
2,0372,0586,2552,3871,2511,475
835434251468694522616274
294
28,984
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (Seepp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks andbonds, see p. 209.
3 Includes "taxes paid" and "interest paid " (see tables 8 and 8A) and other deductions* This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The
» nil voarc amnnn+e fnr- rmf in/tnmao nniinf «K flAA- J. uxa iivux appeals m utuies i aim & oi cscausucs
in all years amounts for net incomes under $5,000.
ionsThe figures exclude
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STATISTICS OF INCOME 79
TABLE 8.—Individual returns for 1932 of net income of $5,000 and over, by Statesand Territories, showing taxes paid other than Federal income tax, and interestpaid
[For text defining items, see pp. 16-17]
States and Territories
AlabamaArizona - _ - -ArkansasCalifornia -Colorado ._ . . _ConnecticutDelaware _- .District of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndiana . _IowraKansas - _ _ _KentuckyLouisianaMaineMarylandMassachusettsMichigan . . .MinnesotaMississippiMissouri _.. . _MontanaNebraskaNevada - _ __ -New Hampshire .New JerseyNew MexicoNew YorkNorth Carolina . _North DakotaOhio _ . _Oklahoma _OregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennessee _-TexasUtahVermontVirginia _ - -Washington 2
West VirginiaWisconsin - - . .Wyoming - —
Total
Taxes paid other than Federal incometax i
Total
$746, 671232, 007275, 217
13, 767, 6551,299,8305, 537,6031,185, 6693, 249,1761, 750, 7331,837, 025
871, 77657, 591
13,180,4302, 555, 9881, 247, 390
866, 5491, 555, 7031,016,8651,310, 9884,344,884
21,616, 3987,099, 5843,039, 760
269,5664, 903, 549
388, 772782,184108,161877, 383
12,125, 543143, 466
76,699, 5421, 763, 532
123, 27412,170,8811, 441, 1351, 259, 092
18,821, 6942, 390,649
372, 370197,847
1,585,2103, 902, 704
271, 740509, 300
2,194, 2651,009, 448
796,824i 7, 071, 979
129, 745
240, 955, 347
Reported indeductionsfrom total
income
$698,317210,969259, 919
12, 781,6691, 209, 7355, 347, 5411,165, 5553,112, 9301,680,1241, 781, 705
823,16147, 362
12,468,0272, 418,9961,096,927
753, 7631, 472,053
898, 5741, 210,0623,861, 265
20,929,1055,901, 2952,923, 661
239,8104, 750,892
358,935697,429100, 503827, 598
11, 713,282127,435
75, 569, 7361, 691, 419
111, 04311,838,2381, 366,0021,220, 509
17, 400,1912, 310,080
358,739184, 051
1,521,1503, 578,037
254,173478, 410
2, 035, 758981,147746, 798
6, 938,083111, 235
230, 543, 398
Reportedin businessdeductions
$48, 35421,03815, 298
985,98690,095
190,06220,114
136,24670,60955,32048,61510, 229
712,403136,992150,463112,78683,650
118, 291100,926483,619687,293
1,198, 289116,09929, 756
152, 65729,83784, 755
7,65849, 785
412, 26116,031
1,129, 80672,11312, 231
332, 64375,13338, 583
1, 421f 50380, 56913, 63113, 79664, 060
324, 66717, 56730,890
158, 50748, 30150, 026
133,89618, 510
10,411,949
Interest paid
Total
$1,161,464223,119341,836
16,039,0591,202,8997, 438,4083, 292,0343,884,4591,808,8052,605, 2361,361,072
50,49718, 776,8232, 396,8511,323, 3431, 024, 7552,107,1301,304, 2461, 401, 7134,601, 619
11,969, 7228, 520, 5933,144, 561
203, 7346, 303,837
348,5161,020,661
110, 560697, 835
14,213, 339141, 795
71, 290, 8332, 933, 366
138, 65113, 662, 7621, 752, 215
803,41129,803, 790
1, 852, 796388, 249140, 701
2,139, 4775, 661, 767
369,177358, 576
2, 656, 5171, 285, 0781,531,1453,391,656
140,157
259, 320, 845
Reported indeductionsfrom total
income
$1,132,045213,243330,110
15,166,7671,148, 7137, 267,3483, 264,5283,733,3051,750,6552,557,8731,292,872
45,91018, 352,6192, 319,9251, 242, 347
896, 9751, 988,0191,252, 4781, 357, 2424, 392,186
11, 512, 4218, 248, 5023,036, 362
178, 4556,130, 483
334, 340917,844107, 979670,111
13,813,519135, 339
69, 446, 0672, 876, 248
134,88113, 346, 917
1, 666, 401761, 514
28,825, 2791, 789,167
375, 315128, 924
2,082,1455,265,517
352, 378326, 926
2, 543, 4721, 238, 8591,480,7573, 293,899
118, 678
250,843,859
Reportedin busi-ness de-ductions
$29,4199,876
11,726872,292
54,186171,06027, 506
151,15458,15047,36368,200
4,587424, 204
76,92680, 996
127, 780119,111
51, 76844, 471
209, 433457, 301272,091108,19925, 279
173, 35414,176
102,8172,581
27, 724399,820
6,4561,844, 766
57,1183,770
315,84585, 81441, 897
978, 51163, 62912, 93411, 77757, 332
396, 25016, 79931, 650
113, 04546, 21950, 38897, 75721, 479
8, 476, 986
1 Excludes also certain income taxes paid foreign countries." Includes Alaska.
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80 STATISTICS OF INCOME
TABLE 8A.—Individual returns for 1932 of net income of $5,000 and over, by netincome classes, showing taxes paid other than Federal income tax, and interestpaid; also summary for preceding years
[For text defining items, see pp. 16-17]
Net income classes
(Thousands of dollars)
5-66-77-88-99-1010-1111-12 . . . . .12-1313-1414-1515-2020-2525-30.30-4040-5050-6060-7070-80 \ _80-90. . -90-100 _100-150..150-200200-250,.250-300-.-.300-400..400-500500-750_.750-1,000..1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over
Total _
Summary for precedingyears:
1931 .-1930192919281927 .
Taxes paid other than Federal incometax i
Total
$29, 961, 28421, 428,86816, 993, 97113,198, 79111,082,5249,188,3237, 627, 5466, 337,1735, 669, 8894, 662, 23719, 366,09513,411,8619, 342, 30615,323,97710, 083, 7066, 828, 0405, 415, 5293, 722, 9083, 268, 7142, 845, 2908, 587, 6694, 089, 8242, 350, 9301, 235, 6242, 286, 290861,071
2, 476, 339928, 980465, 991333, 526179, 098
Reported indeductionsfrom total
income
$28, 149, 46920, 246, 91416, 138, 33012,561,28210, 628, 3668, 717, 8487, 303, 5796, 089, 0415, 418, 3884, 528,05418, 767, 35113, 103, 7929, 063, 48713, 877, 4779, 774, 9716, 719, 6905, 369, 5153, 680, 2913, 241, 9342, 783, 0208, 231, 0513, 688, 8502, 345, 8591,233,6502, 255, 737
860, 8372, 473, 791918,231458, 993333, 526179,098
Reportedin businessdeductions
$1,811,8151,181,954
855, 641637, 509454,158470, 475323, 967248,132251, 501134,183598, 741308, 069278,819
1,446,500308, 735108, 35046,01442, 61726, 78062, 270
356,618 !400, 974 i
5, 0711, 974
30, 553234
2,54810, 749
Interest paid
Total
1, 400, 973
240, 955, 347
312,477,684444, 577, 395532, 798, 878527,893, 669485,969, 727
1, 400, 973
230,543,398 10,411,949
294,165, 390407, 906, 443479, O'J9, 835475, 422, 144
18,312,29436, 580,95253, 699, 04352,471,525
$38, 303, 62126, 360,16520, 422, 94615, 385, 90613, 566, 20210,145, 4838, 986, 3287,135, 5956, 239, 0095, 069, 43119, 838, 63812, 748, 6619, 208, 56214, 581, 7029, 295, 7887, 333, 0405,186, 9934, 540, 6233, 233, 5292, 774, 7016,150, 9502,803, 7441, 910, 528683, 009
1,126,650866, 335
2, 840, 537892, 523796, 370398, 234
495, 037
259, 320,845
440,973, 832 j 44, 995, 895
393,086,138615, 864, 209958,958, 653940,615,916
Reported indeductionsfrom total
income
$36, 428, 51925,171, 21919, 553,87714,852,13313,107, 548
9, 718, 5318, 723,6286, 907, 0006, 072, 3104, 900, 552
19, 207, 20912, 390,8109, 063,864
14, 306, 7559, 049,8817, 223, 6015, 122, 8694, 123,1803, 230,1972, 772,8656,142, 0922, 769, 5461, 909,130
682, 6241,125, 237
866, 3352, 840,178
892, 528796, 370398,234
495, 037
250, 843,859
373, 602,771574, 629, 633886,187, 377866,057,874
Reportedin busi-ness de-ductions
1,875,1021,188,946
869, 069533, 773458, 654426,952262, 700228, 595166, 699168,879631, 429357,851144, 698274, 947245, 907109,43964,124
417,4433, 3321,8368, 858
34,1981,398
3851,413
359
8, 476,986
19, 483,36741,234,57672, 771, 27674, 558,042
3 Excludes also certain income taxes paid foreign countries.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 81
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-51
ALABAMA
Net income classes
(Thousands of dollars)
Under 1 (estimated) L__Under 1 (estimated)1-2 (estimated) J
1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6 i5-66-7 .7-88-99-1010-1111-12 .12-1313-1414-1515-2020-25 __ ' .25-30 .30-4040-50 - . . .50-6060-7070-80 .80-9090-100100-150150-200 _ _.200-250250-300300-400400-500 __500-750750-1,000. _.1,000-1,5001,500-2,0002,000-3,0003,000-4,000 . . .4,000-5,0005,000 and overClasses grouped 2
Total . . . .
Summary for precedingyears:3
193119301929 .1928192719261925.192419231922 . „
Numberof
returns
2,25639
4,1753,5554,1831,2761,3381,475
16979145
39626515312797613641262264281824933
Net income
$1,399, 70518,831
6,115, 7405,161,154
10, 525, 0723, 266, 2384, 441, 0525, 089, 319
740, 2103, 500, 987
245, 7872,162, 0871, 706,1911,139,8681,077,207
915, 937642, 663414, 972512, 586350,103317, 608
1, 093, 651625, 789482, 200820, 986402, 825161,087202.341
2 145,817
12
20,680
19, 53222, 60525,81826,89127,99228, 54026, 27847, 59151, 04943, 612
i
Tax
Tax before tax credit
Normaltax Surtax
|
$141
59, 225
37, 717
45, 826
45,415
36, 59832, .51123 170
$141
59 225
37,717
45, 826
45, 415
36 59831, 28691 029
29,146 | 26, 03327,564 24 29719,69115, 66617, 27713 882
$1,2252,1383,1133. 267
10 606 3 n&513 12413, 3811 0 f\F>R
15,219 1 11 78556,87435,71128, 269
44, 20721,55217.814
47,196 21,97n33,922 1 r> 91 fi17 591
2, 5423, 8963,2243, 434
17,57917,82020, 03044, 89134. 769
7 7fiS 17 MR25,475 ; 4 859 ' 20,62332,096 9,203 22,893
(2)
(2) j (')
342, 271
54, 020, 284
70, 309, 29793, 900, 510
122, 569,172142,167, 220133, 224, 614136, 523, 003130, 024, 575159,918,982159,064, 390126, 908, 473
123^ per-cent oncapital
net gain
Taxcredit—123^ per-cent oncapitalnet loss
*4 912
$313, 6619, 606
19, 6706.0637'77(1
9,611 9,618
(-) ' ('*} !(-') ('A \ m
I
73, 750
769, 932
640, 4671, 353, 5842,087, 7184,035, 7922,455,1662,449,1962,326,2132, 771, 2212, 840, 9752,892, 298
8 498 SI 1fi1
534, 141 303, 288 9, 642
15, 839
77,139
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
84 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
CALIFORNIA
Net income classes
(Thousands of dollars)
Under 1 (estimated) L..Under 1 (estimated)1-2 (estimatedt i .._1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6 i5-66-77-88-99-1010-1111-1212-1313-1414-1515-20 .20-252.5-30 _30-4040-5050-6060-70 . -70-8080-90 -90-100100-150150-200 -200-250250-300300-400400-500500-750750-1,0001,000-1,500 _ . .1,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over _ . _
Total..
Summary for precedingyears:3
19311930192919281927 . _ .19261925192419231922
Numberof
returns
28,103360
55, 46061,74044, 82125,33611,88726,978
1,85213,-852
8717,7124, 5272, 6461,7071,246
938744523499356
1,194597414465254165825738196719649
2
295, 650
248,722293,048309,047316, 738315,566315, 344305, 074511,218517,109420, 923
Net income
$17, 496, 279217, 060
81,438,75390,954, 671
111,838, 67463,450, 43739, 565,32293, 720.389
8,120,23161,719, 508
4,773,79842,110,06229, 214, 76419, 735, 67614,452, 45011, 789, 6699,833,9778, 555, 7626, 533, 3036, 738,0295,153,126
20, 501, 33913, 299,47811,342,52115,875,20311, 399, 6128,925, 8695, 307,1274, 233, 7933, 243, 7861, 804, 8768,188, 6603,180,9251,280,4241,064, 1522, 893, 707
1, 094, 296
841,047, 708
967,099,0041,330, 603, 6551,689,896,4241,765, 573,1391, 582, 576, 2581,571,673,6881,490,419, 7921, 741, 063, 6711,697,902,8031, 357, 524, 521
Tax
$4, 752
1, 089, 969
881,359
1,052,141
961, 200
837,248647,188516, 259432,331375, 580344, 277324,310265,055289, 629222, 402989. 992742,833734,186
1, 242, 8151,130, 3881,015, 003
651, 338627, 307714, 214362, 636
2,058, 1141, 018, 334
384.046303, (553878, 892
538, 499
21,635,950
14, 732, 28027,136.05745, 360, 27863, 707,13646,044.99446, 238, 34637,127,16737,880.65839,958, 78043. 778,932
Tax before tax credit
Normaltax
$4, 752
1,089,969
881, 359
1,052,141
961,200
837, 248626, 569477,987390,558333,094298, 229272, 897216, 710227,829166,916737, 562500, 469446, 346637, 281467, 398359, 520174, 377127, 469212, 551
73, 251311,318114,00558,92937.97540, 719
41,618
12,178, 246
Surtax
$20,61938, 27241, 77342,48646,04851,41348, 34561, 80055,486
335, 322369,115461, 823907, 607953, 493933,161672, 458663, 701606,140380, 438
2,033, 264981, 775392,180204, 250737, 300
497,896
11,536,165
12K per-cent oncapital
net gain
$1,1203,052
10, 22436, 81419,14631,18324, 072
9,2301, 353
79264, 54719, 2S722, 48861, 428
125, 265
430, 001
Taxcredit—12M per-cent oncapitalnet loss
$84,012129,803184,207338, 887309, 649308,861219, 569173. 093105, 83091,845
351,01596, 73389, 551
24, 392
1,015
2, 508,462
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 85TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
COLORADO
Net income classes
(Thousands of dollars)
Under 1 (estimated) i.._U nder 1 (estimated)1-2 (estimated) 1
1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) J -4-5 (estimated)6-6i5-6 . .6-77-88-99-1010-1111-1212 1313-14 . _14-1515-2020-25 . - .25-3030-4040-5050-6060-70 . . . .70-8080-9090-100100-150 . _ .150-200200-250250-300300-400400-500500-750750-1,000 _ .1,000-1,5001,500-2,0002,000-3,000 .3,000-4,0004,000-5,000 ,5,000 and overClasses grouped 2
Total
Summary for precedingyears: 3
19311930192919281927192619251924 . .19231922
Numberof
returns
3,74470
5,9115, 7555,3852,2901,3712,381
2101,029
7663344528717814693
100554539
1116531391963252711
2
Net income
$2, 267, 56143, 677
8, 827, 6948,101,120
13, 310,3895, 889,1584, 606,0508,188, 649
916,1624, 571,033
416,4223,459,1592,878, 3742,133,4381, 514, 6541, 388, 591
972, 5591,142,973
687,337604,823564, 586
1, 895,4931,452,080
854,1451, 388, 510
856,409326,915198,892157,219433, 931183,273808, 567(2)(2)
(2)
30, 537
25, 279
Tax
$581
83, 259
60,385
70, 730
60,333
58,07652,29748, 03939, 27041,11628,81241,10926,22820, 76520,34581, 59870,15051, 28092,57378,17943,70825,80923,35482,20137,865
192, 721(2)(2)
(2)
1, 037, 928
82, 077, 771
96. 661. 70028, 986 I 125, 795, 60931,268 1 158.751.52831,09131,72735,11035,80873, 35072, 36667,463
158, 931,875
385,149
1, 815, 932
1, 378,0432,439, 7963, 534.4044. 459. 057
148,473,486 3. 307.180154,804,655150, 363, 411205, 087, 973200, 572, 724184, 572, 407
2, 959, 2482, 840,9263,162, 7363, 267,7324, 869, 555
Tax before tax credit
Normaltax
$581
83, 259
60,385
70, 730
60, 333
58,07650, 25443,94934,89536,01724,41934, 49721,01015,26614,13060, 70847,98631, 34854, 04223,4289,808
895,6407,310
53724, 338(2)
(2)
5,179
878, 214
Surtax
$2,0434,0904,3755,0994,3936,6125,2185,4996,215
30, 73740, 20236,10684, 52770, 94236, 28924,03026,89266,48637, 328
209,161(2)(2)
(2)
403,615
1,109,859
12M per-cent oncapital
net gain
$63
920
128
1,690
10,60744
13,452
Taxcredit—12^ per-cent oncapitalnet loss
$9,84718,10116,17446,91616,3192,389
9,1782,202
40, 822(2)(2)
(2)
23, 645
185, 593
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
86 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
CONNECTICUT
Net income classes
(Thousands of dollars)
Under 1 (estimated) 1Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) l
2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6 !5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-60 . _60-7070-8080-90 _90-100100-150150-200200-250250-300300-400400-500500-750750-1,000 . . .1 000-1,5001,500-2,0002,000-3,000. .3,000-4,000-4,000-5,000. .5,000 and overClasses grouped 2
Total
Summary for precedingyears:3
19311930..1929192819271926 . .1925..192419231922
Numberof
returns
6,422300
16,08820,47612,8916,7134,511,5,882
7812,616
4782,0111, 5671,097
742609438338273226183546326.
"2052211256153362418308442111
86, 308
65, 30674, 82182,04981, 06377,77881,44974, 595
143,406,149, 820128,431
Net income
$4, 267,483172,615
23, 221, 57727,790, 53132,191,13117, 049, 70915,160, 35420, 284,1543,470,409
11,626,4202, 606,195
11, 000,31310,132, 3218,191,7826, 301,6455, 767,9294, 597, 2633, 880,3233,410,6873, 043, 7142, 652, 2539,406, 3047, 262, 2575,628, 6997, 626, 3045, 544, 6193, 339, 8723, 466, 0442, 693, 7752, 025, 2611, 716, 4703, 614, 6241, 356, 722
888, 5391, 068, 284
2,452, 087
274,908, 669
309, 351, 262400, 674, 216561, 547, 753522,496, 528451, 001,651433, 776, 846404,498, 337478,174, 249473,804,719401, 720,143
T a x
$2,930
257, 608
139,814
Tax before tax credit
Normaltax
$2,930
257, 608
IRQ.814
187 110 187 n o
144,014
178, 681170,146161,357144,404147, 587126,819120, 951111,957102, 94992, 398
350,479331, 075298, 763474, 531479,166272,480383, 367327, 456265,110272, 564709, 82639:, 621208, 372322, 559(2)
144, 014
178, 681162,836145,193125,990126,4S0105,10997, 52686,12174,98363,471
243, 255
Surtax
12H Per-cent oncapital
net gain
i• • " • r • "
$7,31016,16418,41421,10721, 74023, 42525,83627,96628,927
157.625209,913 200.911168, 715202, 643149, 342
230, 336445, 227494.196
59, 367 J 352,05774 900 1 470.40067,91422, 86125,97149, 28214, 25621, 329
417,346375, 845357,880925, 335412,208328.108
3, 720 416, 754
(2) (2)
(2)
$62450
2,19611,13212,36010, 8525, 5916,584
90
14, 3459,715
307
(2) i (-2) |
924,841 30,083 ' 1,099,940
8,155.965 3,291,417 6,875,057
6, 067, 22811,435,65623,693, 04523,104,13916,117, 67413,751,31413, 533,99712,593,90411,199,18413,130, 562
j
I
|
i
73, 684
Taxcredit—12H Per-cent oncapitalnet loss
$50,46380,199
102,484184,471176, 732149, 796162, 524164, 388133, 686111,287279,13644,558
141, 06598, 222
(2)(2)(2)
205,182
2,084,193
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 87TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
DELAWARE
Net income classes
(Thousands of dollars)
Under 1 (estimated) K~Under 1 (estimated)1-2 (estimated) 1
1-2 (estimated)2-3 (estimated) *2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated)* . . . .4-5 (estimated)5-6 l
5-66-77-88-9 - -9-10 .10-1111-1212-1313-1414-15 . . ._15-2020-2525-3030-4040-5050-6060-70 .70-8080-9090-100100-150150-200_ .200-250250-300300-400400-500500-750750-1 0001 O0O-1 5001 500-2 0002 000-3 0003 000-4,0004 000-5,0005 000 and overClasses grouped *
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922 -
Numberof
returns
97336
1,7282,0051,404
871380
l 665102349
43! 225
196136104
583335412983iP35433220]58
I13
!14221
Not income
$659,82215,190
2, 540, 3542, 720,4273,507,3242,212,2191 272,7682 295,033
444,2691 549,265
234, 7921,231,2391,267,0851,011,123
886,817690,777605,874378, 675437,252548 489419,513
1,423,0681,116,997
950,6191,491,0901,433,5261.065,370
987,025591, 053685, 024382, 828
1,623 2321,549,9891,126,453
1, 706, 5261,307,491
9,822 |
8,2849,3429,7809,5929,2669,3019,131
18,89219,202
3,657, 622
46,026, 220
51,044,53764,913,288
148,850, 300107,335,47790, 262,89970, 544, 42354,897, 97264,179, 74757,186, 68553, 981. 068
Tax
$233
24,832
25,378
21,846
19,139
20,79719,44119,63020,59015,41615,68211, 59412,04616,87315,49648,86951, 59749,27588,967
111,32661,520
108,11771,268
117,30838,256
388,140396,916326,404
567,348401,462
1, 310, 562
4, 396, 328
2, 283,9013,927,732
14,524,94610,592,8867,970,0355,100,8842,780,2002,432,6171,402,0931,833,712
Tax before tax credit
Normaltax
$233
24,832
25,378
21,846
19,139
20, 79718,51517,70217,98612,92312,8419,2988,728
11, 90010,89529,44130,81025,74745,33437,63116,07517,0758,172
15,2816,194
33,2586,582
9,185
513,798
Surtax
$9261,9282,6042,4932,8412,2963,3184,9734,601
23, 01030, 79637,85788,172
123,885114, 674135,11394,162
129,36781,927
447,131509, 722418,028
743,233610,891
1, 337,197
4,951,145
12K per-cent oncapital
net gain
$1,4411,9604,472
147135964
1,660
(2)
98,235
109,014
Taxcredit—12H per-cent oncapitalnet loss
$3,58211,45016,28949,01150,33769,36445,03531,06627,34049,86592,249
121,04891,624
(2)185,070209,429
124,870
1,177, 629
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
90 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
GEORGIA
Net income classes
(Thousands of dollars)
Under 1 (estimated) L .Under 1 (estimated)1-2 (estimated) *1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) l
3-4 (estimated)4-5 (estimated) 1 _ . _
Numberof
returns
2,60070
5,8775,2146,1372,3952,2262,958
2654-5 (est imated) | 1 3085-6 i .5-66-77-8.8-99-10 _10-1111-1212-1313-14.14-1515-2020-2525-30 .30-4040-5050-6060-7070-8080-9090-100100-150150-200200-250 . _250-300300-400400-500500-750 1. —750-1,0001,000-1,500._.1,500-2,0002,000-3,0003,000-4,000.4,000-5,0005,000 and overClasses grouped 2 ._
Total
Summary for precedingyears:3
19311930192919281927192619251924 . . . .19231922
11774049429119816210075535030
137
1141161811111431
1
31, 730
25,72928,99632,28932,92133,81836,74437,41062,65171,34169,988
Net income
$1, 779,46438,467
8, 663, 2627,101,311
15, 656,0676,195,8647, 416,398
10,198, 6931,165, 3705, 829, 773
641,7024,039,4503,180, 6882,172, 7461, 675,3211, 539,7571,045,017
863,465660, 760678,750433, 524
2, 341,4841,833, 6381,182, 2421, 398, 393
727,170980,307707,770833,618(2)373, 242(2)(2)
(2)
1, 528, 803
92, 882, 516
102,907,022128, 081,049163,181,491167,063, 587167,407,479171,146,482177,203,659210,908,421222,888,344199,432,531
Tax
$1,046
64, 235
55, 278
76,831
71,949
66,08956,23344, 21741,16739,95931,09425, 61923, 53326, 59417,06088,88688,12275, 73589,73858, 81697,97999, 305
106, 544(2)66,331
(2)
279, 729
1,692,089
996, 7561, 659, 2442, 785, 9423,806,5343,612,7242,888,4093,529,8833,398,8603,766,1594,557,769
Tax before tax credit
Normaltax
$1,046
64,235
55, 278
76,831
71, 949
66,08954,05640, 00436, 21034, 33026, 21720,43518,45520, 26612,37360,82254,19735, 20930, 60015, 5699,778
19, 86418, 573(2)2,502
(2)
3, 754
848,642
Surtax
$2,1774,2134,9575,6294,8775,1845,0786,3284,687
36, 78251, 79546,87481,87660,829
107,00785,806
113, 710(2)56,908(2)(2)
(2)
193,023
877,740
12^ per-cent oncapital
net gain
$592
6411,6852,456
8,139
9,434
(2)
(2)
101,100
124,047
Taxcredit—12K per-cent oncapitalnet loss
$9,31017,8706,989
24,42320,03818,8066,365
33,878
2,513(2)
18,148
158,340
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 91TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classesj showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
HAWAII
Net income classes
(Thousands of dollars)
Under 1 (estimated)»...Under 1 (estimated)1-2 (estimated)»1-2 (estimated)2-3 (estimated) *2-3 (estimated)3-4 (estimated) *3-4 (estimated)4-5 (estimated) i4-5 (estimated)
5-66-77-8_8-99-10.10-1111-1212-1313-1414-1515-2020-2525-30 _ . .30-40_._40-5050-6060-7070-80,.80-9090-100100-150150-200200-250-250-300300-400400-500500-750750-1,000.1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overGlasses groupeds
Total
Summary for precedingyears:»
193119301929192819271926 . . .1925192419231922
Numberof
returns
1,21025
2,0142,3721,9211,043
7091,070
11649344
362195139
Net income
$654,54311,212
2,955,1003,245,9384,836,0692,644,0992,365,4923,697,870
510,7242,218,569
240,2661,976,1461,263,4021.030.322
80 f 7fi79!81/»6942343316246328172212151113252
12,192
7,3287,8698,2108,0479,2529,1469,306
12,38712,42111,597
655,014443,359392,430413,163215,580347,175
1,067,807627,480458,726749,069529,402820,868714,456
263,070
612,071377,111
260,837
37,277,185
33,869,09237,245,94043,290,99743,349,73144,618,51042,950,27941,465,37546,395,29042,829,25037,122,696
Tax
$207
28,859
27,807
28,925
27,340
30,96821,46520,43516, 21418,75211,57111,66812,05011,14113,91649,02633,72725,90651,86450,52890,749
110,663
48,503
174,485130,378
54,388
1,101,535
815,673972,216
1,220,3451,311,7561,200,5441,096,213
944,0531,481,8831,319,2761,387,398
Tax before tax credit j
Normaltax
$207
28,859
27,807
28,925
27,340
30,96820,53118,49114,26216,3489,4189,2648,9889,153
10,11931,81916,6388,305
17,2248,907
13,09314,094
1,808098,389
3,376
384,333
Surtax
$9341,9441,9522,4042,1532,4043,0621,9883,797
17,19217,98218,52944,19540,27891,19396,390
51,0380)
166,096130,705
51,142
745,378
I2y2 per-cent oncapital
net gain
$24
2823,658
182614
4,760
Taxcredit—12^ per-cent oncapitalnet loss
$9893928
9,8372,315
13,719435
4,343
327
130
32,936
!!
For footnotes, see p. 130.
61684—34-
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
92 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1982 by States and Territories and by net incomeclassesy showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
IDAHO
Net income classes
(Thousands of dollars)
Under 1 (estimated) i . . .Under 1 (estimated)1-2 (estimated) l
1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-615-66-77-88-99-1010-1111-1212-13 --13-1414-1515-2020-2525-3030-40 -40-5050-60 --60-70 ---70-8080-9090-100100-150150-200200-250250-300300-400 -400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,000 -3,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears:3
193119301929192819271926 ._19251924.1923.1922
Numberof
returns
2931
9551,4391,038
55338761331
23£-14
103371110*o475
4
5,758
5,8647,8529,8309,808
10, 67311,61712, 90721, 43625, 01223, 369
Net income
$171, 745(2)
1,380, 3041, 959,0962,689,1831,415,1061, 282,0442,096, 262
136,9141,047, 604
77,956564, 702237,39680, 58885, 72193, 65781,66846,15389,35468,365
(2)
84, 760
13, 688, 578
18, 350, 07127, 757,37438, 525,95837,121, 87238, 448,75839, 887,95140, 443, 78152,301,49158, 393, 33351,166, 793
Tax
$18,480
13,894
18,571
16,242
9,9813,7061,6583,1402,7902,0681,0782,3141,457
(2)
1,734
97,113
46,045128,290184,325283,172247, 272184, 344170,912261,008426,196478, 706
Tax before tax credit
Normaltax
(2)
$18,480
13,894
18,571
16,242
9,9813,5511,5122,8832,4521,713
7941,685
807
(2)
1,616
94,181
Surtax12^ per-cent oncapital
net gain
» _ ._
j
$155146257338355284629650
(2)
2,080
4,894
Taxcredit—
12H per-cent oncapitalnet loss
(2)
1,962
1,962
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 93TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
ILLINOIS
Net income classes
(Thousands of dollars)
Under 1 (estimated) 1...Under 1 (estimated)1-2 (estimated) K..1-2 (estimated)2-3 (estimated) L . .2-3 (estimated)3-4 (estimated »3-4 (estimated)4-5 (estimated) K..4-5 (estimated)5-6i5-66-77-88-9.9-1010-11 ._11-1212-13 . . _13-1414-1515-2020-2525-3030-4040-50.50-6060-70 .70-8080-9090-100100-150150-200-.200-250250-300300-400 _ .400-500500-750-750-1,000 . .1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2._ _.
Total _
Summary for precedingyears:3
19311930 _ . .1929_19281927192619251924_19231922
Numberof
returns
19,061709
50,10768,07843,24025, 60214,52323, 2761,806
7,4444,8453,2932,1621,6221,224
869701577475
1,521
61331118897645427542686
i286,888
270,759327, 631369,855373, 621378, 859374, 725357, 448652, 501676,489614, 449
Net income
$12, 245,254355, 737
72, 679, 62495, 369,807
109,319,12465,123,46048, 234,11680, 203,280
7,880, 58454, 587, 797
3, 766,13940, 662,43131, 326, 76124, 588, 22018, 310,94015,396,12712,840,4879, 986, 4908, 754, 7627, 782, 2186,886,832
26,124, 97519, 241, 21613, 319, 20720,974, 58513,865, 52710,313,1756,297,1174, 788, 5854, 559,1192, 542,4686, 551, 5334, 421, 5621,680,1261, 574,8772, 024, 039
Tax
$10,156
992,783
728,218
755,721
736, 790
711,778631, 316599, 326529, 345505,818459, 303400,117360,796342, 701330, 047
1, 238,0061, 053,379
735, 3101,436, 7901,098,039
891,945716, 241592, 250729,941448,195
1, 557, 6801,124, 077
464, 774529, 579fi3fi. QfiO
(2) rVV4, 357,928
(2)1,442, 445
(2) ; (2)
: : : : : : : : : : : : : :
4,004,941
872,941,170
1,182,411,3501, 630,447, 2072,258,945,7682,392, 631,0922, 093,908, 5741,995,011,0091,975,436, 2222,413, 605,3502, 272, 960,1221,927, 637, 451
Tax before tax credit
Normaltax
$10,156
992,783
728,218
755,721
736, 790
711,778608,236551,451476,416449,105398, 266339,823294,953271,036254, 614994, 660827, 245564, 468889,484560,504386,549193, 397148,367125,03565, 701
151, 38375,83339, 77848, 36416,993
26, 568
1, 224, 404 ( 8,418
23,914,230 il2,702,093
22, 502,12343, 703, 47186,825, 072
110, 659,19973, 796, 36164, 213,83964, 791, 50766, 583, 23962,880,12977.196.407
Surtax
$23,08047,87552, 92956,71361,03760,29465,84371, 66575,433
427,173537, 614533,132
1,225,4341,136,8141,079, 502
801,716744,360818,509503,028
1,617, 5861,377,163
462,895613,199798, 751
1, 694, 653
(2)
1,635,816
16,522, 214
1
12H per-cent oncapital
net gain
$7914,264
16, 29234,46927,09452, 79534,49312,33218, 3417,274
45, 26920, 70226,842
10,135
81, 847
81, 262
474, 202
Taxcredit—12M per-cent oncapitalnet loss
$184,618315,744378,582712, 597626,373626,901313,365312, 809231, 944127,808256,558349,62164,741
131,984288,919
360, 623
(2)
501,092
5, 784, 279
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
94 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
INDIANA
Net income classes
(Thousands of dollars)
Under 1 (estimated) »...Under 1 (estimated)1-2 (estimated) i1_2 (Astim a tarn2-32-33-43-44-54-55-65-6-6-7-7-8-8-9.9-1010-111-112-113-114-115-220-225-330-440-S50-660-770-S80-£90-1100-150-200-250-300-400-500-750-1,001,502,003,004,0C5,00Cla
Suiy
estimated)»estimated)estimated)»estimated)estimated)»feqtimated)
12345050 _ . "10ooooo00150200•250•300.400-500_-750-1,0000-1,50010-2,0000-3,000KM,0000-5,000K) and over..sses grouped 2
Total
nmary for precedingears: •19311930192919281927_.192619251924-.19231922
Numberof
returns
5,739106
11,91613,20813,2344,8653,2194,519
432
Net income
$3,734,39247,108
17,198,63917,384,11533,330,97212,807,17710,701,76515,556,6931.907. 044
LS73I 8,296,245* ^""aS"*' 1 141 417
1,262808542369
1501219274
221
6031221064582
\
1
63,722
54,53465,67976,49375,37676,70377,12680,300
156,845178,831153,469
6,876,6735,225,8884,040,6883,122,3242,358,9452,105, 5451, 723, 6671, 507,0451, 234,3561,075,0273,791,2872,249,2051,628,5202,074,9351,375,6661,210,249
635,851434,901343,157484,063953,377354,801
I(*)
1,695,956
168,607,693
Tax
$856
141,556
80,044
115,043
98,996
113,47496,11793,99178,82068,08268,73558,97864,49646,72943,617
180,049117,742102,955159,330120,81093,81969, 49571,29389,49499,804
249,957
Tax before tax credit
Normaltax
$856
141,556
80,044
115,043
98,996
113,47492,09686,00569,76459,24358,85248,57853,15735,70431,857
127,98874,94651,99065,76245,32617,6948,1207,840
24, 56716, 34911. 041
74,584 ' 30(2) « (f)(2)(2)
(2)
712,740
3.311-fiOfi
204,130,790280,940,214366,846,042365,336,866349,434,464358,624,820344,266,673461,717,343510,507,072426,365,818
2,540,9435,109,5778,208,031
10,100,8488,884,0479,934,4767,508,7336,655,5607,882,7689,578, 511
Surtax
$4,0217,9869,0568,8399,883
10,40011,33911,02511,76061,80662,76763,938
113, 425117,197125,95574,87257,05564,92793, 694
228,36055,804(2)(2)(2)
(2)
—iI
4,480
1,541,358
708,178
1,912,287
i
12^ per-cent oncapital
net gain
Taxcredit—12V2 per-cent oncapitalnet loss
!i
$5315
2,4778,867
3855,741
$9,79819,98615,45028, 72442,09855,57113. 497
7,490 i 1.092
3,49411, 24418,750
(2)
13,733688
82
58,598
/
200,637
For footnotes, see p . 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 95TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credity and taxcredit; also total number, net income^ and tax for prior years—Continued
IOWA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i . . .Under 1 (estimated)1-2 (estimated)»1-2 (estimated)2-3 (estimated) i._.2-3 (estimated)3-4 (estimated) i._3-4 (estimated)4-5 (estimated) i4-5 (estimated) _5 - 6 i . . .5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4010-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,000...2,000-3,000.3,000-4,0004,000-5,0005,000 and over
Total
Summary for precedingyears: 3
1931193019291928192719261925192419231922
Numberof
returns
2,187104
9,4138,3329,1553,4283,0342,760
298J^ 35.6
Net income
$1,216,97450, 505
13,585,08011,463,38223,261,9068,849,884
10,095,0269,466,9381, 307,2986.016. 701
97j 534.039752444292215150
75625135
10252.39381594352
42,624
29,85039,91745,02340,78945,34949,47650,379
110,404135,864131,870
4,101,1982, 866,2112,180,6141,818,9341, 414, 6071, 201,820
861,652775, 319689,032507,462
1, 747,2891,165, 5551,076,4411,313, 657
694,152480,753269,411217,854428,850183, 289
109,841, 833
119, 218,130174,965,757222,103,300221,881, 247190,436,034203,015,362198,735,930298,734,381363,242, 331359,562,822
Tax
$1,407
116,826
89,324
83,701
78,472
67,21253,04649,79552,25543, 25838, 52229,98534,18226,63522,43875, 77270,19773,67496,75971,83251,65425, 73332,68572,38846, 239
1,403,991
1,137, 2992, 355,5673,924,8236,216,0413,310,0992,917,8453, 111, 0963,123,8084,126,4705,466, 397
Tax before tax credit
Normaltax
$1,407
116,826
89,324
83,701
78,472
67,21251,03845,34147,05638,16533,00524,85528,28420,30917,01050,84045,67434,61649, 06423,4168,4098,2679,7206,7668,903
987,680
Surtax
$2,0084,4545,1995,0935,5175,1305,8986,3265,428
28,41232,90645,27173,25762,64749,08938, 56934,03851,38537, 336
497,963
12^ per-cent oncapital
net gain
$19
9,4043
15,117
24, 543
Taxcredit—123^ per-cent oncapitalnet loss
$3,4808,4026,213
34,96614,2345,844
21,10311,073
880
106,195
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
96 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
KANSAS
Net income classes
(Thousands of dollars)
Under 1 (estimated) L__Under 1 (estimated)1-2 (estimated) l
1-2 (estimated)2-3 (estimated) i -2-3 (estimated)3-4 (estimated) l
3-4 (estimated)4-5 (estimated) 1 -4-5 (est imated) .-
5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-25 . . .25-3030-4040-50 _._50-6060-70 . . .70-8080-9090-100100-150. . . _150-200200-250250-300.300-400400-500500-750750-1,0001,000-1,500 . .1,500-2,0002,000-3,000. . _3,000-4,0004,000-5,0005,000 and over - __Classes grouped 2
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
4,39866
5,8815,3495,2411,9011,2512,322
1971.231
63515324218149108786938252488
..... 34232110741
311
11
29,643
27,49532,66037,55732,92935, 57532,73234, 28484,08086,29186, 915
Net income
$2,691,31637,562
8,618,1617,451,718
13,048,3554,905, 2604,128, 2968, 058, 002
863,0605,472,516
343,4982,807,9722,089,0061,626, 7661, 260,9321, 018, 688
818, 600791,155475, 570336,033345,416
1, 510, 559759,101642, 927718,340433,133376, 361256, 668
0)
Tax
$637
81, 772
49, 705
76,120
74,971
47, 23339, 68738,07534,42830, 23125, 22030,94818, 06514,71117, 32774,81350,18549,10770, 07431,84155,81742, 653
1,662, 072
73,547,043
91,616,462127, 629,176181, 661,364162,394,758157, 394,402153,673,206141, 511,127203,034,515215, 346,538211,061,984
270,191
1, 223,811
880, 3181, 480, 3432, 547,8292,928,0972, 240,8772,756,0492, 222, 3061,918,0192,118,9573, 246, 097
Tax before tax credit
Normaltax
$637
81, 772
49, 705
76,120
74,971
47, 23338, 23834,90030,82826, 63121,49826, 24414, 43811, 71513,84453,39433,40327,44430,4686,200
19, 04010, 798
(2)
0)
28, 360
757,881
Surtax
$1,4493,1753,6003,6003,7224,7043,6272,9963,483
24,45120, 27627,12447,42935,82530,39728,802
(2)
90,967
335,627
12*$ per-cent oncapital
net gain
$1,006332572862
8,6273,053
li0)
150,864
165, 316
Taxcredit—12*3 per-cent oncapitalnet loss
$4,0383,8266,0338,685
10,1842,247
35,013
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 97TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
KENTUCKY
Net income classes
(Thousands of dollars)
Under 1 (estimated)»Under 1 (estimated)1-2 (estimated) *._1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-61.. _5-6._.6-77-88-9.9-1010-1111-1212-1313-1414-1515-20..20-2525-3030-40 _40-5050-6060-7070-8080-90..90-100 . . . .100-150.150-200200-250250-300 _300-400400-500. _ .500-750.750-1,000..1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total..
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
2,80974
6,6936,2975,9232,3001,7712,317
3141,155
159698492362215
........ 17211694634841
134
3748239
103221
1
1
32,454
26,99131,02134,62335,36733,00432,82137,31572,11979,09169,666
Net income
$1,902,64147,641
9,604,7738,411,476
14,929,7905,964,1915,906,7847,947,6181, 395,3065,141, 247
867,4313,819,3363,171,1982, 702,1221,825,6691,629,0661, 213, 2061,079,842
785,373647,779591, 539
2, 279,7371, 554, 0881,015,9841,640,6411,007,462
480,629652,418225,704166,853
(2)
(2)
876,998
89,484, 542
103,279, 556135,098,479191, 640, 708193, 766, 254172, 582, 213169,100,987180,217,420238,094,411214, 415,879200,048,892
Tax
$765
74,252
49,276
63,490
66,190
60,76650,11254,34945,18947,05340,33932,28424,45223,54419,75589,51383,99968,165
114,27193, 57452, 65961,25919, 70334, 656
(')
(2)
285,015
1,554, 630
1,012, 5571,926,0485,076,8545, 639,3944,027, 7343, 226,3443,299,7923,805,6693,723,9604, 676,804
Tax before tax credit
Normaltax
$765
74,252
49,276
63,490
66,190
60,76647,98149,02939,84941,05034,12725, 84118,49217,54813, 72262,16049,93537,55051, 51825, 36420,19413,888
1944,602
3,294
871,077
Surtax
$2,1315,3205,3406,0036,2126,4435,9605,9966,033
36,81543,31441,91994,88376,35752,02788,07036, 74930, 582
(2)
(2)
278,731
828,885
12^ per-cent oncapital
net gain
$1, 522957
2,8437,984
733
Taxcredit—12y2 per-cent oncapitalnet loss
$9,46210,77212,26134,97316,13119, 56241,43217, 240
528
|
8,689
22,728
5,699
168,060
!
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
98 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
LOUISIANA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i_._Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) L._3-4 (estimated)4-5 (estimated) »4-5 (estimated)5-6i " ""5-66-77-88-9 " •9-1010-1111-12. . .12-13. . . .13-1414-15 . . .15-2020-25 . . .25-3030-40..40-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400 . .400-500500-750750-1,000 . -1,000-1,500..1,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
2,9508
6,9635,8465,7232,9032,0343,094
2741,583.
— 86903466288177125
— 83*68574632
12354
"""• ~ s r22222132
3
2
33,974
28,93432,97935,09336,98137,29338,99640,69567,65867,44066,972
Net income
$1,916,7622,462
10,084,8927,818,466
14,465, OTO7,493,3766,779,976
10, 740,8211, 208,2367,040,089
469, 5024,937,5503,003,3012,155,1721, 502,0941,180, 912
865,803780, 611711,975621, 388469, 401
2,121,4791,210,138
849, 506780,881997,779(2)(2)215, 684162, 513
341, 282
1,059,136
178,066
92,164,323
107,673,824138,836,043170,713,998184,035,325175,254,161185,478,850195,585,488221,133,422213,802,450203,664,606
Tax
$79
63,816
64,601
116, 580
108,714
96,19668, 59161,96549,94638, 39934, 25627,90329,42926, 74622,147
101, 54178, 40664,97550,05574. 498(2)(2)23, 340
568
68, 625
132, 392
19, 742
1,423, .510
891,9121, 599,6392,859, 5684,380,0283,174,8393,311,5353,850,2063,528, 5114,438,4545,353,574
Tax before tax credit
Normaltax
$79
63,816
64,601
116,580
108, 714
96,19666,54157,81745,59234,37130,30123,35324,02820,98516,83380, 52450,32437,29829,84047,399
8649
1,58114,441
4,905
1,036,768
Surtax
$2,0504,1484,3544,0283,9554,5505,4015,7615,314
34, 72231,95132,96645, 25787, 541(2)(2)12,33428,875
87,196
14,837
415,240
12H per-cent oncapital
net gain
$2,072771
3,56392
14,954
132,392
153,844
Taxcredit—12H per-cent oncapitalnet loss
$13,7055,9416,060
28,60560,534
4,59729,888
33,012
182,342
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 99TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—-Continued
MAINE
Net income classes
(Thousands of dollars)
Under 1 (estimated) L._Under 1 (estimated)1-2 (estimated)»1-2 (estimated)2-3 (estimated i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)...5-615-66-7._7-88-9
1 0 - 1 1 - - .11-1212-1313-1414-15 - . .15-20 -_20-2525-30 _ .30-40.40-5050-60- . -60-7070-80 _80-9090-100100-150150-200-200-250 ._250-300300-400400-500-__500-750-_750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,000.-5,000 and overClasses grouped2
Total
Summary for preced-ing years:3
1931 _19301929-1928-_ . . .19271926192519241923.1922
Numberof
returns
1,76681
3,5864,5823,2821,610
9731,779
167875
82509
• 3862651761448873623635
110713143211053716
2
20,867
16,21817,82919,17318,61118,71019,70919,44442,25448,43543,041
Net income
$1,188,34141,759
5,146,3246,095,6238,235,3354,130,4783, 274,2096,110,757
729,6463,926, 521
450,0112,783,7792,504,9601,973,6331,484,6491,363,395
918,785837,347769,226483,458506,285
1,888,1551, 581, 269
845,9721,467,163
960, 590552,243329,256222,832587, 754
705,155
(2)
886,424
62,981,334
74, 771,18090,690, 507
115,875,339111, 558,275103,080,848107,979,17897,927,563
135,221,259142,964,209129,857,441
Tax
$1,014
54,297
37,969
52,675
52,995
47,53946,16143,94838,14238,59527,83728,24029,92217,78622,91572,02484,03049,52592,87188,37113,04042,07828,20567, 962
132,179
(2)
386,964
1,597,284
1, 527,4361,827,8493,561,7544, 262,4983,300,7413,419,4902, 718,6582,568,3532,785,6963,896,892
Tax before tax credit
Normaltax
$1,014
54,297
37,969
52,675
52,995
47,539.44,21040,17733,90833,59223,54823,25924,41913,36517,32454,58857, 74729,98339,57425,1989,4744,6905,5788, 993
5,380
(2)
33,036
774,532
Surtax
$1,9513,7714,2345,0034,2894,9815,5034,4215,591
31,03444,61933,81278,77980,80162, 24445,88135,71275,005
130, 582
(2)
359,724
1,017,937
*
12M per-cent oncapital
net gain
$331,3172,086
' 9,3893,039
18,318
19, 420
53,602
Taxcredit—12H per-cent oncapitalnet loss
$13,63119,65316,35634, 87120,66758, 6788,493
13,08534,354
23, 203
5,796
248,787
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
100 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and, tax for prior years—Continued
MARYLAND
Net income classes
(Thousands of dollars)
Under 1 (estimated) 1—.Under 1 (estimated)1-2 (estimated) 1
1-2 (estimated)2-3 (estimated) *2-3 (estimated)3-4 (estimated) i -3-4 (estimated)4-5 (estimated) l
4-5 (estimated)5-6 i5-66-77-88-99-10 _.10-1111-1212-13 . .13-1414-1515-2020-2525-3030-40 . .40-5050-60 - . -60-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1 0001,000-1,5001 500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total.
Summary for precedingyears:>
1931193019291928 __1927.19261925.1924.19231922
Numberof
returns
8,072189
11,59816,49312,9976,8224,5427,457
780• .5,041
2502,6881,5821,026
720514
*— 34229423319814242024216615991512719169
23941114
83, 223
60,89868,42668,65465,25865, 09967,16066,152
126,226127, 770110,896
N e t income
$4,527,856109,044
16, 803, 30624, 377, 02232,916, 76116,895,17715,176,96625,951, 282
3,454, 78322,457, 512
1,367, 50914, 674,85810, 239, 5957,645, 6866,102, 5454,868,9583, 585,3553, 372,1512, 902, 3972, 670, 7392,053, 8337, 240, 8905,400,1774, 520, 7985, 519, 4254,113,8222, 778, 6871, 748,4991,419, 6211, 353,191
843,1992, 732, 6451,546, 583
918,213(2)(2)(2)(2)
3, 329, 786
265, 618, 871
277,129,170354,627,248425,185,985409,371,465390,671,215375, 758, 859362,484, 950467, 225,699401, 259, 584386,830, 235
Tax
$2,842
300,067
257, 624
285, 557
318, 778
265, 551203,174184,920167, 597157,301126, 810127, 554111,100114, 00889, 516
334.323286, 055307, 165408, 242327, 581253, 336197, 434186, 225179, 221152, 938500, 264454, 635282, 467
(2)(2)(2)(2)
1,396,150
7, 978,435
5, 528, 2139, 796,084
15, 641,82416,126,80313,859, 68611, 517,16811,623,22912,073, 31211,540,43715,363, 765
Tax before tax credit
Normaltax
$2, 842
300,067
257,624
285, 557
318, 778
265, 551195,736170, 071149, 927139,499109,832107, 33189,19289, 31267, 060
253,450194,176183, 759223, 763134, 55988, 75843,98039,91243, 59027, 35938, 61113,8223,314(2)
(2)
20,075
3,857,507
Surtax
.$7 ,43814,84917,67017,80216, 97820, 22321,90824, 69622,456
119,117149, 220196,309326,918339, 555303,224231, 643220,077235, 563175,142644, 407494, 706328,371
(2)(2)(2)(2)
1,413, 566
5,341, 838
12H per-cent oncapital
net gain
$2772,645
5957,308
13, 2411,4517,8014,477
31030, 394
93,644(2)(2)
(2)
11,353
83, 505
Taxcredit—12H per-cent oncapitalnet loss
$38, 52159,98673,498
149, 747159, 774140,09785,99078, 24199,93249,873
213,14853,90252, 862
(2)
48,844
1,304,415
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 101
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MASSACHUSETTS
Net income classes
(Thousands of dollars)
Under 1 (estimated) L.Under 1 (estimated)1-2 (estimated) i1-2 (estimated) _2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6J _ _5-66-77-88-99-10. _10-1111-12. . .12-1313-14 _ .14-15.15-2020-2525-30 . . . .30-4040-5050-60.60-7070-8080-9090-100 .100-150150-200200-250 _250-300300-400 .400-500500-750750-1,000.1,000-1,5001,500-2,000 _2,000-3,0003,000-4,0004,000-5,000 .5,000 and overClasses grouped 2
Total
Summary for precedingyears:3
1931 _19301929192819271926 __1925192419231922
Numberof
returns
24,1251,154
48,53550,08741,92223,07510,31117,4371,6927,882
9245,2913,9512,5991,8441,3841, 030
807691548425
1,419785484558315178986141276115522
1
249, 766
193, 504202, 253213, 316215, 559214,356224,042221, 530378,049415,100397, 241
Net income
$16,006,349566,071
71,125, 53370,180, 444
104,160,32758,904, 50134, 331, 67959,900,373
7,474,46535,066, 9015,045,803
28, 917, 26125, 546,87719, 414, 61515, 613, 22813,114,10610, 794, 7009, 261, 7728, 613,9647, 391, 6046,148, 913
24, 383,34117, 553,04113,171,80819, 283, 60014,069,9139, 648, 0696, 291,8894, 575,1633,475,5582, 543, 3427, 331,1752, 554, 9091,127, 800
552, 780(2)
(2)
Tax
$13,903
701, 708
665, 714
564, 623
497,812
490,139457,458408, 230387, 060369,811331, 729320, 410307,840289,196254,845840,435776,813651,137
1,138,348898, 524724, 780540,837488, 629481, 629272,135
1, 239, 247675, 230260,675144, 625(2)
(2)
1
1, 249, 025
735, 390, 899
800,923,1531, 010, 333, 7401, 371, 651, 7411,357,076,3741,189, 273, 2141,147, 576,4981,132, 289,8701, 320,156, 9591, 413,015,9941,237,893,477 ,
:
425, 627
15, 619,149
12, 380,19426, 509, 77557,857, 22359, 738,97343,949,86637,115, 97641,052,08840, 857,13742, 527,99357,781,194
;
Tax before tax credit
Normaltax
$13,903
701,708
665,714
564, 623
497,812
490,139438,879370, 217341,904321, 988280,435264, 405243,435220, 713187, 676725,465573,880481, 079620, 634388, 540231,074157, 317117,85390, 66336, 612
102,04746, 71514,075
(2)
44, 738
9, 234, 243
Surtax
$18,57938, 01345,15647, 82351, 29456,00564, 40568,48367,169
400,162490,962530, 409
1,171,4061,185,1121,017, 993
832, 037708, 647589,119496,849
1,853, 593772, 337328, 060114,176
(2)
(2)
327, 732
11, 275, 521
12Y2 per-cent oncapital
net gain
$3,1797,311
10,32612,77321, 55126,8059,695
11,93125,81810,79039,89422,64529,92030,449
(2)
53,157
316,244
Taxcredit—12^ per-cent oncapitalnet loss
$288,371295, 340370,677666, 465696, 679551, 092458, 212349,802223,971272,116756,287166,467111,380
5,206,859
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
102 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MICHIGAN
Net income classes
(Thousands of dollars)
Under 1 (estimated) L._Under 1 (estimated)1-2 (estimated)»1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) l
3-4 (estimated)4-5 (estimated)*4-5 (estimated)5-6 1
5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200 . _200-250250-300 ; . . .300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
16,863116
23,24624,19223,4868,2237,3269,449
9204,626
- -sir2,3671,5301,100
685509291241186162453223..1591749661292522
928
266224
1
127,515
119,623147,364177,918179,886175,806176,804188,669323, 733350,072267,953
Net income
$10,510,91358,922
34,325,24636,248,62858,630,97120,643,48224,345,25232,832,064
4,014,50420,388,235
1,712,17312,977,1579,877,0028,203,2685,799,0594,817,2634,022,7533,331,3592,999,0882,509,9122,341,9207,758,2114,943,9894,339,2485,954,9804,286,1373,324, 5071,893,7201,867,1551,872,099
859,9013,482,228
320,0411,372,3471, 666,424
690,105
2,527,956
(2)
2,051,890
349,800,109
481,017,650668,391,038
1,029,756,6801,066,529,992
950,085,831905,814,790910,910,113
1,045,850,0461,041,933,086
796,411,946
Tax
$1,450
450,802
299,261
319,004
260,297
215,271191,967182,013158,341141,460133,989126,842121,41399,34599,950
353,120246,085240,665392, 760414,278285,098184,311256,871306,574128,131733,326
78,380244,095441,155194,531
235,951
(2)
843, 580
8, 380, 316
11,028,01817,479,14540, 599,86450,601,04035,599,79932,408,35733,263,01430,983,70528,051,01734,965,003
"Tax before tax credit
Normaltax
$1,450
450,802
299,261
319,004
260,297
215,271184,580165,862141,341123,676114,769107,08299,15276,72674,693
273,424175,000140,890212,258150,89291,18838,60043, 99345,30029,49525,058
21,46277
7,260
2,697
3,891, 560
1
Surtax
$7,38716,15117,00017,78419,22019,76022,26122,61925,257
127,404135,668169,552338,778356,368323,777233,741256,931343,020141,063778,619102,739270,047560,733287,873
507,707
(2)
799,940
5,901,399
12^ per-cent oncapital
net gain
$2742,335
11,1109,0769,420
38,39618,43428,1262,876
22,70063,288
72,27627, 500
166, 588
(2)
42,104
514,503
i
Taxcredit—12H per-cent oncapitalnet loss
$47,98266,91880,887
167,352102,402168,263106,464
72,17984,62265,127
133, 63924,359
119, 690147,15593,342
445, 604
1,161
1,927,146
For footnotes, see p. 130,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 103
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MINNESOTA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i__.Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated2-3 (estimated3-4 (estimated3-4 (estimated4-5 (estimated
l
l
l
4-5 (estimated)5-6 i5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150 _ .150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,000..2,000-3,0003,000-4,0004,000-5,0005,000 and overClasses groupc
Total
d 3
Summary for precedingyears:3
193119301929192819271926192519241923 -1922
Numberof
returns
5,170211
8,61717,4489,1245,0803,0474,672
4252,282
1721,4881,042
64746433726920013812474
29017389
1055029138836311
61,810
52,85357,53960,70160,75261, 43964, 22771, 291
128, 237134, 360122,885
Net income
$3,211,00696,960
12,773,08923,597,18622,721,43113,018,97210,161,72816,082,5901,873,293
10,108,649938,427
8,145,0146,728,3734,824,8253,922,9253,196, 0032,831,3112, 298,1601,723,0211, 674,8181,068,9134,958,7753,871,7052,408,5963, 613, 5792, 230, 5751, 560,898
836,328605,093684, 455287,611748,860
968,930
173,772,099
213,530,771266,572,313337,880,743340,152,949295,670,416296,414, 294305,945, 206375,588,940372, 376, 782348, 740, 625
Tax
$2,097
224,701
133,577
141,232
128,352
133,428127,006111, 686100,13095,09190, 53584,63566,07770,11446,223
219,324199,959131, 752229,920191,247126,929101,77771, 606
110,76164, 532
181,343
293,961
3,477,895
2,445,4414,744, 3809, 799,141
11, 925, 0777,383, 3076,475, 3116,125,9156, 720, 5677,083, 5279,419,301
Tax before tax credit
Normaltax
$2,097
224,701
133,577
141,232
128,352
133,428122,259102,09488, 90683,03476,98270,79453, 24154,42434, 668
164,448141,13885,757
117,94976,18441,29724, 44012,17518, 2304,943
16, 721
4,866
2,157,937
1
Surtax
$4,7479,492
11, 22412,05713, 55313,84112,83615,69011, 55580,061
109,48295, 551
213,559182, 204159,007102,97299,165
128, 68961,138
206, 212
281, 558
1,824, 593
12M per-cent oncapital
net gain
$6881,0281,3395,2322,1139,5586,192
163
16,807
43,120
Taxcredit—12^ per-cent oncapitalnet loss
$25,87351,68950,895
106,82069,25482,93331,82739,73436,1581,712
41,590
(')
9,270
547,755
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
104 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MISSISSIPPI
Net income classes
(Thousands of dollars)
Under 1 (estimated) 1_.Under 1 (estimated)1-2 (estimated) *__1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6 i5-66-77-88-99-1010-1111-1212-1313-1414-1515-20, . _ _ ._20-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1 0001 000-1 5001,500-2,0002 000-3 0003,000-4,0004 000-5 0005 000 and overClasses grouped 2
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
1,96328
2,8361,4292,054
587440541
5125025
103656024221611455
203..15
10,548
9,88812,14715,68916,14016,96417,19616,98527,21327,85126,897
Net income
$1,115,84512,684
4,198,5871,956,3795,063,1441, 532,0051,479,9261,823,020
226,8011,104, 630
135,755561, 594421,977450,859205,937209,065167,837128, 26750,14468, 46373,053
331,833(2)(2)171, 450
95,355
21,584,610
27,146,28540, 556, 38963,922,16864, 689,48064,878,68464,859,89273, 750,95082,652,94583,494,00976,981, 743
Tax
$318
17,569
12, 795
14,185
13, 452
8,8237,1837,9924, 6205, 2355,0502,9692,1082,1962,400
13,999
9,635
3,037
133,566
87,221251, 781600,076763, 702816, 429643, 744989, 451
1,155, 7291, 685, 4391, 803, 632
Tax before tax credit
Normaltax
$318
17,569
12, 795
14,185
13,452
8,8236,8687,1424,0284,5554,3142,2361,8191,5411,725
11,454(2)
5,545
1,270
119,639
Surtax
$315850592680736733289655675
4,297(2)(2)8,755
3,197
21, 774
12J* per-cent oncapital
net gain
$19
19
|Tax
credit—123^ per-cent oncapitalnet loss
$1,771
(2)4,665
1,430
7,866
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 105TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MISSOURI
Net income classes
(Thousands of dollars)
Under 1 (estimated) L . . .Under 1 (estimated)1-2 (estimated)1
1-2 (estimated)2-3 (estimated) i _2-3 (estimated) _.3-4 ((estimated)i3-4 (estimated)4-5 (estimated)'4-5 (estimated)5-6i5-66-77-88-99-1010-1111-1212-13 _13-14 . .H-1515-2020-25 ---25-3030-4040-5050-6060-7070-8080-90 - -90-100100-150150-200 _ ,200-250^50-300300-400400-500 -500-750750-1,000.1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2 - »_
Total
Summary for precedingyears: 3
1931193019291928192719261925192419231922
Numberof
returns
6,093157
17,85319,89517,8847,5954,4687,524
6954, 253
2702,3201,5761,114
78055339731825520717852929717615299543719161120822
1
95,808
80,35685,50798,36799, 29596,40799, 509
109,059186,784192,282173,728
Net income
$4,129,92693,445
26,186,46627,654,81844, 612, 69719,481,45214,835,14726,181, 3293,076,315
18,953, 7901,473,443
12,710,92810,180,2808, 330,0626,613,8985, 236, 2914,154,8553,651,9693,182,9242, 787,6622, 579,4219,141,9496, 601,2814, 788,3455, 259,9854, 374,9842, 937, 8082, 381, 3851,421,8731,360, 2231,039,9272,379,4511,433,051
442,121
(2)
1,032, 357
290,701,858
331,482, 726419,648,187558,127,649563,951, 553501,495,130512,801,163533,836,188632, 532,962605, 275, 520526,387,658
Tax
$2, 260
292,703
203,327
237,658
262,906
217,775191,175186,505176,262153,088135,033129,856127, 597109,936118,691421,720346, 331296,040354,046379,998269,044292,814189,117233,768199, 246471,949351,609173,083(2)
(2)
351,211
6,874, 748
4,747,5228,750,374
16,416,89718,910,97713, 738, 25613,496,87214,246,81612,373,49213,085, 21815,972, 706
Tax before tax credit
Normaltax
$2,260
292,703
203,327
237,658
262,906
217, 775183,810170,181156,875134,101115,543107,933102,73484,43190, 312
306, 591242, 729171,615156,927136, 37174,01339,69023,48924,6732fi,12325,1632,254
10,103(2)
1,717
3,604, 007
Surtax
$7,36516, 32419,38718,98719, 49021,92324,86325, 50528, 379
153,309185,256191,957304,880361, 256305,968282,153208,893207,967198,348552,758352,450162, 980
(2)
(2 )
330,979
3, 981,377
!
12^ per-cent oncapital
net gain
$3252,2217,473
14,9056,6417,458
25,9919,694
27,3539,510
30,05145,743
(2)
28,377
215,742
Taxcredit—12^ per-cent oncapitalnet loss
$38,50583,87575,005
122,666124, 270118,39555,02052,95926,22534, 735
136,02348,838
(2)
(*)
9,862
926,378
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
106 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
MONTANA
Net income classes
(Thousands of dollars)
Under 1 (estimated)*...Under 1 (estimated)....1-2 (estimated)i1-2 (estimated)2-3 (estimated)i2-3 (estimated)3-4 (estimated)i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6i5-66-77-88-9 - -9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80 -80-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001 000-1 5001 500-2 0002,000-3,0003 000-4 0004,000-5,0005 000 and overClasses grouped 2
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
16214
1,6252,6161,6251,059
6551,154
67472
- w1861356356
211159
1711
797121112
1
10, 087
9,72211, 63517,06717,11218,65116,19119, 23944,01142, 80938, 044
Net income
$95,2047,812
2, 355,3663,910,9104,235, 5082,645, 5602,178, 2723, 990,201
289, 5132,098,448
142,6541, 005,847
872,992470,051476, 541420,329229,914241, 583137,653
67, 310131,185303,915254, 420191,634302, 263314, 663(2)125, 371(2)(2)(2)(2)
(2)
726, 486
28, 221, 605
34, 667, 09745, 495, 23571, 397, 23272,908,12169,654,02359, 289,99466, 825, 486
107,241,91199, 255,94783, 903,851
Tax
$80
49,553
36,200
36,869
26,979
16,14217,05111,79412,76513,3647,9748,5555,7492,0378,267
14,59614,34710,31717,82935, 529
20, 785
(2)(2)
(2)
129,903
496, 685
209,809461,295
1,019,3001, 298,024
867,944561,833580,196731, 111721,406
1,029,195
Tax before tax credit
Normaltax
$80
49,553
36,200
36,869
26,979
16,14216,41410,88711,37511,8016,8957,1084,6991,4176,801
10,3948,7465,1636,0739,667
4,347(2)
(2)(2)
17,607
305,217
Surtax
$637907
1,3901,5631,0791,4471,050
6201,4665,4507,7727,952
17,53527,314(2)16,438(2)(2)(2)(2)
(2)
180,013
272, 633
12^ per-cent oncapital
net gain
$8
25
(2)
17
50
Taxcredit—12^ per-cent oncapitalnet loss
$1,2562,1712,7985,7791,477
(2)
(a)(2)
(2)
67,734
81,215
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 107TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEBRASKA
Net income classes
(Thousands of dollars)
Under 1 (estimated) ».—Und^r 1 fAstiTTifltprn1-21-22-32-3R-43-44-54-55-65-6-6-7-7-8_8-9-9-1010-111-112-113-114-115-220-225-330-440-550-660-770-880-990-1100-150-200-250-300-400-500-750-1,001,502,003,004,005,00Cla
Suiy
estimated)l
estimated)estimated) iestimated)estimated)l-estimated)estimated) *.estimated)
123450500o0o0 - . . .o00150200250300 _-400-500-_ - .-750 _-1,0000-1,5000-2,0000-3,0000-4,0000-5,0000 and over .sses grouped a
Total
nmary for precedingears:8
1931193019291928 _._192719261925__192419231922
Numberof
returns
2,44658
4,8535,5444,1262,0781,2802,154
18192347
532338214131125856846462595402231102
11
1
25, 503
23,94027,27130,96231,42632,17033, 53235,66166,51270,54567, 503
Net income
$1,421,63436,550
7,038,9847,726,546
10,397, 5985,286,7744,264,1717,430,667
791,8514,098,181
254,1592,908,1082,184,4101,595, 6461,111,2101,183,942
887,431780,802575, 216618,384361,652
1, 631, 236900,153593, 741
1, 076,165444, 346(2)
(2)(2)
(2)
407,479
66,007,036
86,120,131113,934,843140,322,452139,471,054130,131,079134,153,838141,877,975189, 371, 665195,152, 562177,969,193
Tax
$1,035
83,493
53,832
63,614
55,113
48,83242,12637,32629,82236, 26727, 73929, 55320, 27828, 69115, 73682,31055, 50640,10290,94048,307(2)
(2)(*)
(2)
79,941
970,563
723,4261,381,3101,919,4732,109,3411,427,7471, 381,3071, 732, 5351,848,1212,534, 2573,165,433
Tax before tax credit
Normaltax
$1,035
83,493
53,832
63, 614
55,113
48,83240, 56034, 30626, 57032,02923,64724,88415,96922,64311, 76962,27635,36625, 54142,51116, 873(2)
(2)
9,249
730,112
Surtax
$1,5663,0203,2524,2384,0924,6694,3096,0483,967
26,53926,90023,09265,19640,433(2)
(2)(2)
(2)
61, 262
278,583
12K per-cent oncapital
net gain
$248
318
(2)
(2)
10, 876
11,442
Taxcredit—ny2 per-cent oncapitalnet loss
$6,5057,0088,531
17,0858,999
(*)
(2)
(2)
1,446
49,574
For footnotes, see p. 130.
61684—34 8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
108 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEVADA
Net income classes
(Thousands of dollars)
Under 1 (estimated) K~Under 1 (estimated)1-2 (estimated)»]_2 (Ast.iTnnt.prh2-32-33-48-44-54-55-615-6-6-77-88-99-1010-111-112-113-114-115-220-225-330-440-550-660-770-880-990-1100-150-200-250-300-400-500-750-1,(KXl,50(2,0(K3,00(4,00(5,00(Clas
Sunye
estimated) iestimated)estimated) *estimated),estimated) iestimated)
l__2345 _050
ooooo_o00150200250300400 _ _5007501,000M,500 .)-2 000y-3,ooo -)-4,000)-5,000) and over
Total
unary for precedingars:a
1931 _-1930192919281927 - - . .19261925 __192419231922
Numberof
returns
3243
5851,193
58742717441023
1801170281613738354932251
2
13
4,102
3,4314,0065,1744,4774,7024,7976,164
10,66410, 4679,723
Net income
$198,8101,384
888, 7611, 744,6221,465,6251,061,126
578, 7321,427, 227
103, 043797,75559, 561
384, 779178,606120,951110,06166,86030,97692, 21837, 27266, 88358,889
151, 79964, 37652,18070,423
223, 734(2)
(2)
(2)517, 978
313,112
10,867,743
14,041,65716,688,19521,597, 78320,109, 39217,443,23316, 795, 82219,661,36927, 534, 27625,711,61122,397,460
Tax
$47
19,162
13, 797
16, 453
12,925
7,3463,3403,3922,7543,0341,0864,1851,5442,7933,0077,3063,245
9784,531
20, 768(2)
(2)
(2)179, 714
50,971
362, 378
349,026472,636356,444477,673228,799195,497178,361184,334241,291258, 732
Tax before tax credit
Normaltax
$47
19,162
13, 797
16,453
12,925
7,3463,2363,1422,4342,785
9473,6201,3702,3202,3315,0801,5751,5132,2668,993
(2)
7,026
505
118,873
Surtax
$104250320249139565174473676
2,5351,6701,9803,028
19, 350(»)
(2)
(2)172,688
56,253
260,454
12^ per-cent oncapital
net gain
$1,166
1,166
Taxcredit—12^ per-cent oncapitalnet loss
$309
2,5151,9297,575
(2)
5,787
18,115
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 109
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclassesf showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEW HAMPSHIRE
Net income classes
(Thousands of dollars)
Under 1 (estimated) i.__Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) *4-5 (estimated)5-6 l
5-66-77-88-9 __
10-11 _ _.11-1212-13._ . . . .13-14 _14-1515-20.20-25._25-30.30-4040-50,_50-6060-70.70-8080-9090-100-_ .100-150150-200__200-250250-300_300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over. _ _ . . .Classes groupeda
Tota l -
Summary for precedingyears: 3
1931,193019291928-19271926192519241923_ _ _1922
Numberof
returns
1,53254
3,1073,3092,4091,200
7831,128
16859494
352283163988262394430277628212868333
31
15, 738
12,47713,92714, 34114,13214,48415,27616,41331,53236,87631,787
Net income
$970,69232, 035
4, 492,9914,484,9535,992, 2963, 080, 2272, 624,6013,881,896
749, 3542,650,120
511,1871,915, 6701,832, 2391, 214, 612
832, 551778,069647,934448,138551,047406,560390, 760
1, 300,087629, 515575, 327975,531260, 905437,295188, 384229,625258,027
511,947
43,854, 575
49,243, 30660,014, 73974,306,91372, 610,26670, 560,94966, 743,81770,117, 77194,132,914
104,852,12285 577,058
Tax
$416
42,614
26,936
32,685
33,626
32,10231,31124, 55118,92521,85317,43014,44218, 52711,95113, 33847,19533, 21433,04662, 20915, 76446,16512, 26320, 70431,458
(V)(j)
1 Tax before tax credit
N ( £ ^ a l | Surtax\ 12H per-
cent oncapital
net gain
i j
$416
42, 614
26, 936
32, 685
33,626
32,10229,98222,17716, 50619, 06814,39811, 71914,3488,2779,212
37,09816, 21516, 26428, 35313, 30517,402
8492,6696,003
i
104,122
746,847
563, 289952, 064
1, 734,8281,991,8541,824,9311,201,2981, 218,8221, 377, 3931, 643,1502 133 fi31
1,780
454,004
1
:
t
$1,3292,3742,4192,7853,0322,7234,1793,6744,126
21,21018,14023,89355, 55721, 72042, 29824,75138,13748, 979
«
$77
5,156
Taxcredit—\2y2 per-cent oncapitalnet loss
$11,1901,1457,111
26,8571Q 9fi1
6,964 i 20,499! 13,337! 20 109
00(2)
23, 524
j . .11 ""
124, 643
445,969
!
4,930 i 27,231
17,131 170.257
i
| j!
ii
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
110 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasseSy showing number [of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEW JERSEY
Net income classes
(Thousands of dollars)
UncUnc1-21-22-32-33-43-44-54-5
5-6.6-7.7-8.
9-1010-111-112-113-114-115-220-225-330-440-550-660-770-880-990-1100-150-200-25(K300-400-500-750-1,O(X1,5(X2,00(3,00(4,00C5,00(
Sun:ye
ler 1 (estimated) i . . .lerl (estimated)[estimated(estimatedestimatedestimatedestimatedestimated(estimated(estimated
l
l
l
123450500ooooo00 - — -1502002503004005007501,000)-l,500)_2 000)-3 000M000M),000) and over.
Total
unary for precedingars:3
1931193019291928192719261925192419231922
Numberof
returns
13,785727
37,49442,75837,37418,90312,42619,0581,713
5,9784,1072,6481,7981,387
- 966754554469358
1,1585943884351941217555321851169543322
2
217,812
178,754187,943195,772196,681195,467176,320150,874299,904293,503301,834
Net income
$9,027,248403,968
55,416,31958,900,03794,130,35748,458,53441,518,98565,846,3607,460,066
48,187,4413,137,526
32,682,68026,543,81219,762,38815,240,80913,171,31310,117,2038,668,5836,913,6326,332,5905,169,822
19,917,92413,259,10410,604,56514,971,2018,568,5086,600,4644,851,2374,110,4142,703,4281,707,7486,133,3002,754,0071,993,3871,367,7391,334,4801,320,5981,899,7961,820,1092,158,052
4,521,473
689,687,207
785,764,184956,732,849
1,212,423,2261,241,411,3591,117,398,0641,032,297,571
943,672,7511,177,421,0811,050,741,1771,032,262,375
Tax
$8,016
574,561
534,278
590,182
636,324
557,580507,745459,628429,580415,066350,539330,127278,965274,872226,785981,891761,038685,480
1,043,886776,651720,997600,164557,358380,368312,661
1,118,298828,872579,796496,123523,704578,591695,630801,073
1,082,701
2,380,445
22,079,975
13,971,25123,219,24043,956,01751,889,94138,911,89432,858,09232,383,15531,941,14830,552,64240,982,616
Tax before tax credit
Normaltax
$8,016
574,561
534,278
590,182
636,324
557,580485,150420,662384,782365,722302,905277,445226,832216,313170,337760,681637,345435, 111585,744341,446241,478150,499148,72160,37577,185
149,98666,77211,16730,37228,837
9,6143,033
12,853
10,715
9,413,023
Surtax
$22,59538,96644,79849,34447,63452,68252,13358,55956,448
326,243374,424435,321886,392703,758692,457620,331630,784482,492337,720
1,468,718859,482733,619452,166552,270578,591649,867885,779
1,069,848
2,369,730
15,533,151
12H per-cent oncapital
net gain
$6823,0255,088
14,43813,18130,65131,0756,7338,586
11,46359,41316,029
42922,285
38
59,316
282,432
Taxcredit—12H per-cent oncapitalnet loss
$105,715153,756190,040442,688281,734243,589201,741228,880171,085113,707559,819113,411165,419
8,70057,441
23,16787,739
3,148,631r
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 111
TABLE 9.—Individual returns for 1982 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEW MEXICO
Net income classes
(Thousands of dollars)
Under 1 (estimated) L. .Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i._2-3 (estimated)3-4 (estimated) »3-4 (estimated)4-5 (estimated) i4-5 (estimated) _5-6 1
5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80 __.80-9090-100100-150150-200200-250250-300300-400400-500500-750750-1 0001,000-1,5001 500-2 0002.000-3,0003 000-4,0004 000-5 0005,000 and overClasses grouped 2
Total. . . ._
S u m m a r y for precedingyears : 3
1931193019291928192719261925192419231922
Numberof
returns
3505
7661,2791,007
583391576
41234
1313979261512109662
10524
12
1
5,574
5,3896,2886,8746,6866,4626,5137,203
11,59512, 20211, 553
Net income
$206,5012,709
1,125,1711,821,7272,600,3181, 520,1961, 284,3401,980,061
177,0981,032, 776
72,312756,924507, 061193, 764127,871113, 553103, 698103,80773,91881,99328,844
177,932110 28154, 385
142, 588
(2 )
Tax
$46
19,660
14,664
20,866
15, 711
15,30011, 0914,3534,5274,2953,1413,0353,7982,9251,1317 986
Tax before tax credit
Normaltax
$46
19,660
14, 664
20,866
15, 711
15,30010,7944,0444,1173,8792,6672,3973,2602,146
8174. 82fi
5,175 i 2. 6441,513 1. 453
12,824 i 5.830
(2)
(2) (2)
00 f2)
j
266, 639
14, 666, 467
18, 231, 46924, 970, 97130, 875, 63629,995, 50126, 288,14824, 631, 50723,994, 71731,951,11732,667, 610
(2)
(2)
!1
26, 564
178,605
117,336222, 459299,882464,430283,403227, 471178, 762223,842337. 354
28,982,814 ! 383.750
6,718
141,839
Surtax
$297309410416474638538779314
3,1602,5312,2229,022
(2)(2)
(2)
12H per-cent oncapital
net gain
39,685
60, 795
!
;! i
Taxcredit—12H per-cent oncapitalnet loss
$2,1622,028
(2)
19,839
24,029
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
112 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1982 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NEW YORK
Net income classes
(Thousands of dollars)
Under 1 (estimated) L_.Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) L3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6 i5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-60 .60-7070-80.80-90 _90-100100-150150-200._200-250250-300300-400.400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over _ .Classes grouped 2
Total
Summary for precedingyears:3
19311930_._1929192819271926.1925192419231922
Numberof
returns
63, 3571,834
129,413162, 293134, 23866, 87846,12264, 7825,602
35,204-2", 284
20,15813,9639, 6506,8805,2113,9913,1052,3972,0001,6435,4433,238
- 2,1332,6161,361
84856533322218239014173324018298321
Net income
$44, 855, 6781, 006,297
188, 008,151231, 738, 602337, 209, 690170, 364, 490153, 649,866225,457,19324, 358, 771
156,901,05412, 504, 279
110, 077,17390, 350,82872, 057, 88958, 235,57949, 471, 44141,800, 71835, 792, 56029,921,23626,969, 29323, 789, 62293, 658, 36972,335,16458, 411, 71490, 038,33360, 545, 68046,163, 23236,381,96024,901, 06318, 866, 78017, 293, 53046, 706, 69524,122,31716, 356,8698, 771,131
13,688,6288, 225,833
17, 574,9367,154, 3093, 603,9403, 685,341
(2)
2 (2)
798,685
634,057711, 566757, 835780,418766, 974753, 044751,941
1, 215, 640
11, 347, 972
2, 764, 354, 206
3,108, 633, 7294,189,130,1066, 253,465 6996, 458,089, 2075, 398,451,0054,984,020, 2814,903, 288,9945. 144. 7fifi. 182
1,221,654 U. 565.314.8981,102, 748 4,110,588,989
Tax
$21, 217
2, 545, 705
2, 308, 568
2,371,993
2, 226,940
1,970,9771,813,0711, 729, 9431,637, 8201, 612, 5311,470,9941,368,9281, 235, 6681, 213, 5631,132, 0014, 348, 2773,882,9873, 352, 2905, 774,0124, 786, 4994,262, 0953,984, 5883, 212, 4562, 568, 4652, 416, 7628, 733, 8565,911,0744. 006, 5852, 595,9834,401,0063, 273, 5955, 289,0902,902, 4811, 728, 2171,803,125
(2)
(2)
5, 699,697
109, 593,059
77,975,788163, 508,893396, 687, 348451,606,998305, 210,059247,164,324252,157,834236, 774, 567192, 311, 565273,960, 079
Tax before tax credit
Normaltax
$21,217
2,545, 705
2,308,568
2,371,993
2, 226,940
1.970 Q77L, 746,847L, 589,023, 469,076
L, 430,496L, 274,011L, 150, 481
OOQ 740
965, 216873, 305
3, 557,8342,955,8902,460,7273, 648,0042, 392, 2671,666, 2601, 274,860
875,359576, 712436, 411
1, 373,314482,727291, 417189,565126,813183,538106, 58878, 59719,080
-- - -
45, 649, 558
Surtax
$66,224140,920168,744182,035196,983218,447225,928248, 347258, 696
1, 533,9002, 030,1682,384,7355, 224,4094,983,0244,938,8474, 756, 0663,866,4403, 384,4113,409, 655
11,511,6177,407,4595,606,5253,060,0985, 003, 5163,378, 2667,959,1543, 078, 7591,806, 5471,909, 857
(2)
(2)
6, 065, 766
95,005, 543
12H Per-cent oncapital
net gain
$8,41920,05630,245
132,412137,03754,10160,96144, 24551, 27483, 564
285,051135,962107, 29677,458
197,86147,469
2,35194,396
1, 570,158
Taxcredit—12H Per-cent oncapitalnet loss
$751,8761,123,1271, 523, 4173, 230,8132, 725,8292,397,1132,107,2991, 573, 5881,443,9321, 512,8684, 436,1262,115,0741,998, 653
731,138927,184335, 678
2, 779,003349,27197, 410
106,732
(2)
366,069
32, 632, 200
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 113
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
NORTH CAROLINA
Net income classes
(Thousands of dollars)
Under 1 (estimated) *_._Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i ._2-3 (estimated) _3-4 (estimated) i3-4 (estimated)4-5 (estimated)1
4-5 (estimated)5-6i5-6 -6-77-8 -8-99-1010-11-- -11-1212-1313-1414-15-.15-20 _20-2525-3030-40--40-5050-60 _60-7070-8080-9090-100100-150150-200200-250250-300300-400 .400-500-.-500-750750-1,000 .1,000-1,500...1,500-2,000..2,000-3,0003,000-4,0004,000-5,000..5,000 and overClasses grouped 2
Total
Summary for preced-ing years: 3
1931-_ .19301929192819271926192519241923 . -1922
Numberof
returns
3,25633
5,2654,2045,8901,2531,5411,559
2757941154203322201371028775573529
10445254123128442
1041133
111
25,972
22, 62525,21628,86030,99733,39835,33238,74063,86468,19158 009
Net income
$2,063,45315,988
7,777,8175,644,186
14,625, 2373,222,8165,159,6785, 392,7531, 215, 9093, 520,580
632, 2892,313,6202,150,0701,638,4061,160,116
967,445912,157857, 240714,174472,019417,108
1, 786,6211,002,146
673,8471,404,6921,042, 927
644,404532,175287, 214342,116
1,241,803678,455
1,130, 6211, 290,661
i4,058,965
76,989,708
88, 042,580103, 624,484130,352,897161,039, 786155,916,827153,231,981161,623, 754200,888,953206, 638,618171 929 259
Tax
$272
50,421
29,260
42,056
39,874
35,60228,67128,26625, 77621, 51422,40220,84519, 67813, 74514, 28765,42149,33833,286
103, 73682,05072,28962,57427, 72354,286
300,676191,429
461,458397,230
§
1,723,537
4,017, 702
2,030,3962,426,5623, 282,9576,051,6414,519,8703,398, 2453,178, 7673,777,8734,767,2574,908,611
Tax before tax credit
Normaltax
$272
50,421
29,260
42,056
39,874
35, 60227,07125,14122,41917,96018,14915,62314, 2059,3839,781
39,04023, 71811,22734,77118, 29118,4226,9243,2144,781
7,495
6,209
531,309
Surtax
$1,6003,1253,3573,5544,2535,2225,4734,3624,506
29,37528, 66525,29179, 64691,49665,45369,16344, 24535,365
328,712174,196
480,496385,929
ii1,897,854
3,771,338
12K per-cent oncapital
net gain
$1,4823,219
3,9392,752
14,140
3,61517,233
44,060
6,333
96,773
Taxcredit—12H per-cent oncapitalnet loss
$2,9943,0454,714
13,90027,73715,52516,26519,736
39,146
19,03838,968
Ii180,650
381,718
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
114 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
N O R T H DAKOTA
Net income classes
(Thousands of dollars)
Under 1 (estimated)»._Under 1 (est imated). . . .1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)Z-4 (estimated) i3-4 (estimated)4-5 (estimated)»4-5 (est imated). . .5-6i5-66-7. .7-88-9..9-10 .10-1111-1212-13 .13-1414-15 .15-2020-2525-30 .30-4040-5050-60..60-7070-8080-9090-100100-150150-200200-250 .250-300300-400400-500500-750750-1,000 -1,000-1,5001,500-2,000 .2,000-3,0003,000-4,000.4,000-5,0006,000 and over *Classes grouped 3
Total
Summary for precedingyears: *
1931193019291928192719261925192419231922
Numberof
returns
1,4739
1,8041.6672,181
46137646033
1771581553017148563451
8,889
7,0138,2629,1709,7109,7589,881
11,71519,16018,05418,750
Net income
$921,9354,186
2,764,0202,304,3955,345,9281,172,7251,240,8791,595,369
138,223783,26381,195
443,862358,035223, 599142,929132,56183,60856,93475,613
(2)58,13586,081
(2)103,796
65,037
18,182,308
18,469,62624,476,99231,197,25034,878,01533,252,34133,169,11735,695,17848,689,79442,973,99643,767,089
Tax
$113
24,520
12,873
14,904
9,028
7,1196,2475 6383,0243,9282,8761,2193,957
(2)2,6653.812
(2)4,703
3,935
110,561
42, 51986,704
111, 346209,440187,635180,012162,589268,090276, 288453, 219
Tax before tax credit
Normaltax
$113
24,520
12,873
14,904
9,028
7,1195,9845,2142,5733,4732,484
8813,369(2)2,0192,394(2)
791
3,054
100,793
Surtax
$263424451455392338588
(2)646
1,418(2)3,912
1,190
10,077
123^ per-cent oncapital
net gain
Taxcredit—12H per-cent oncapitalnet loss
(2)
$309
309
For footnotes, see p . 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 115TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
OHIO
Net income classes
(Thousands of dollars)
Under 1 (estimated)*-..Under 1 (estimated)1-2 (estimated) i _.1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)
5-66-7_- .7-88-9 -9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80- _ . .80-9090-100-100-150150-200200-250250-300300-400400-500 _500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears: 3
1931193019291928192719261925192419231922
Numberof
returns
13,690330
35,31439,46232,59913,91010,53914,713
1,6698,582
6954,3083,0091,9581,4721,033
765543433368290916445293337176905339271348133231
188,141
164,809199, 600215,804218,479222,707231,196224,643418,048463,017364,988
Net income
$9,118,776180,532
50, 514,96556, 021,90582, 325,33135, 521,36435,072, 23950, 760, 2777, 324, 232
38, 207,2153,803,472
23, 525,32419,430, 51914, 625,98012, 491, 3229,795, 5658,026, 4556, 215, 7055,404,9724,958, 2614, 208,735
15,735,8119,942,0308,014,362
11, 593,0217,839,4164,927,2393,433,0982,920,2472, 284,8851,257,3375, 826,3862, 215,897
660,074
1,144,802
Tax
$3,892
613,005
408,533
460, 650
510, 778
386,846344, 506316, 574311,032270,299247,876222,959191,937186, 243181,465707,390497,146479,767786,835613,534466,335375,918441,377337,170195,254
1,299,454600, 913166,374
479,542
j
985, 254
556,313,005
689,352,135950, 397,134
1,259, 571,9391,302,762,0011,153,756,2141,146,495,8711,141,453,0711,403, 748,5901,457,696,5671,138,934,714
193,023
12, 296,627
9,742,86021,879,27243, 633,67855,393,57535,519,33732,839,05230,321,36032,061,82233,061,87739,310,406
Tax before tax credit
Normaltax
$3,892
613,005
408,533
460,650
510,778
386,846330, 344287,686274,613234,608209,999184,925151,458141,058133,932502,703334,545282, 768397,717270,666139,446103,13363,18352,26326,76286,652
9,420
6,601, 585
Surtax
$14,16228,88836,41935,69137,87738,03440,47945,18547, 533
257,172279,621327,716682,035664,310523,746457,640452,884425,443236,911
1,472,804708,794239,565
487,729
407,110
7,947,748
12H per-cent oncapital
net gain
$1,1452,9877,191
14,2537,476
12,2394,320
11,135125
14,85634,036
150847
110,760
Taxcredit—12H per-cent oncapitalnet loss
$53,630120,007137,908307,170328,918209,096189,17585,825
140,66183,275
294,038117,45174,038
8,187
214,087
2,363,466
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
116 STATISTICS OF INCOME
TABLE 9.—Individual returns for 19S2 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
OKLAHOMA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i.__Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (est imated) . .3-4 (estimated)*._3-4 (estimated)4-5 (estimated) »4-5 (estimated)5 - 6 1 — .5-66 - 7 . . .7-88-99-1010-11.11-1212-1313-14.14-1515-2020-2525-3030-4040-50..50-6060-70 ._-_70-80 . .80-90 .90-100100-150..150-200200-250250-300300-400400-500500-700750-1,0001,000-1,500.1,500-2,0002,000-3,000.3,000-4,0004,000-5,000.5.000 and over
Total
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
4,02936
7,2823,9766,8761,5002,1222,211
1891,434
625903722271881529779535346
115532934138
42
31,832=
28,24232, 52637,00037,26139,80637,49740,82563,35770,18972,063
1
Net income
$2,432,59423,338
10,963,0395, 931,928
17,050,6603,849,5177,015, 7167,667,586
814,4906,399, 797
342,0233,221,9032, 401,4061,693,1841,598,8781,436,9881,017, 848
902,973658, 606717,196667, 238
1,960, 7291,172,802
788,4121,148,168
562,850449,348
301,066177,064
83, 367, 347
93, 593, 901157,410, 693216,346,916211,061,345212,341,656223,036,805219,960,990211,271,658221, 293,177217, 555,604
Tax
$421
75, 824
52, 256
71,192
79,944
53,18745,29039, 07844, 47547,10035, 64835,85127,93632, 44932, 790
107,02776, 47058, 20893,22852,63348,889
64,69829,274
1, 203,868
861,8713,416,9926,020,9506,446, 2746,232,1248,134,6546,897,1193,794,4773,909,9266, 414,336
Tax before tax credit
Normaltax
$421
75,824
52,256
71,192
79,944
53,18743, 53535,82039,92441,90130,92030, 59923, 25926,19625,42980,60849,70534, 22941,99523,32814, 530
18,6533,531
896,986
Surtax
$1,7553,2584,5515,1994,7285,2524,6776,2537,361
31,54130,37731,35263, 07038,49632,775
49,00017, 678
337,323
12H Per-cent oncapital
net gain
$561,498
7704,0175,698
14,498
10,967
37,504
Taxcredit—uy2 per-cent oncapitalnet loss
$5,1785,1108,143
15,85414,88912,914
2,9552,902
67,945
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 117TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
OREGON
Net income classes
(Thousands of dollars)
Under 1 (estimated) i__Under 1 (estimated)..1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)..3-4 (estimated) i__3-4 (estimated)..4-5 (estimated)*4-5 (estimated)5-61
5-66-7.7-88-99-1010-1111-1212 13 _.13-1414-15 .15-20 _20-2525-30 . _30-4040-5050-60.60-7070-80.80-9090-100 . . .100-150150-200200-250250-300,300-400.400-500500-750.750-1,000.1,000-1,5001,500-2,0002,000-3,000_3,000-4,0004,000-5,000 _5,000 and over _Classes grouped 2 _
Total
Summary for precedingyears:3
193119301929192819271926 .1925192419231922
Numberof
returns
3,10750
5,3275,6894,2952,052
9601,766
100„ 955
4352532716312376493930242059251615721
25,845
20,18126,04728,19429, 33333, 90330,95532, 54266,66969,12361,879
Net income
$1,893,20224,987
7,859, 5397, 746,629
10, 626,8545,315,3983,180, 7396,044, 562
442,6814, 236,804
235,1832,855, 9102,109,9581, 224, 6501,036,118
722,840516, 728448,940373, 662322,817290, 517
1,015, 518557, 530441, 204519,868309,112
167,801
60, 519, 751
73,154, 659106, 076,107129,360, 587132,829,673140, 739,425135,030,190132,022, 718189,884, 373189,854, 013161, 226,232
Tax
$429
74,694
46,115
48,491
56, 745
49,83741, 79128, 30630, 92521,14416, 69116,16213,48012,86815,16744, 22033,71231,18836, 25038,100
14,127
670, 442
474,0551,073, 6861,663, 7752,387, 2761,920, 5972,175, 3221,787,9922,025,0682,891, 8044, 239, 789
Tax before tax credit
Normaltax
$429
74,694
46,115
48,491
56, 745
49, 83740, 25825,85027, 95718, 53714, 20113,42210, 7679,904
11,94634, 70423,67620, 36118,97514,550
Surtax
$1, 5332,4562,9682,6072,4902,7402,7132,9643,221
16, 55615, 50317, 65328, 41626, 315(2)
12^ per-cent oncapital
net gain
Taxcredit—12H per-cent oncapitalnet loss
$70
1,3663,769
_(2) ! (2)
!
5,820
567, 239
19, 219
147, 354
47
5, 252
$7,1105,4678,192
14, 9102,765
10,959
49,403
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
118 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasseSy showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
PENNSYLVANIA
Net income classes
(Thousands of dollars)
Under 1 (estimated)1—Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) »2-3 (estimated)3-4 (estimated)» „_3-4 (estimated)4-5 (estimated;»4-5 (estimated)6-6i . .5-66-7 .7-8_8-99-10. .10-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-60 .60-7070-8080-9090-100... _100-150150-200200-250 -250-300300-400. . . .400-500500-750 . . .750-1,0001,000-1,500— .1,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over
Total
Summary for precedingyears:3
1931 .193019291928192719261925192419231922
Numberof
returns
34,540711
64, 89462,62559, 03523, 08017,43323,7162,366
14,4841,0257,4185,2703,4632,4901,9051,4031,092
831696573
1,793985
" 6657894202321419667499340184
154532
334,471
267, 848322, 503364,145361, 220381,374397,575376,923713,427740,478587, 770
Net income
$22,404,690403,702
94, 360, 54491,193, 206
147,714, 03457,492,11258,145,51082, 585, 52510,323,99864, 398,4025,603, 359
40,535,72134,070,40125,867,87421,103,18418, 063,69414, 703,87612, 532, 43210, 381, 0329, 388, 4718,305,047
30,928, 58521,921,44218,105,14427,152,76518, 626, 00912, 669, 2289,132,2127,186, 7345, 691, 5784, 632, 301
11,100,8680, 873,3213,966,9201,143,4045,260,6921,658,4272,928, 3622,373, 2592,306, 276
1, 023,234, 341
1,193,400,0201,620,314,1092, 217,958, 5572,204,955,4062,091,825, 2172,138,168,5942,031,305,8492,548,132,8092,478,751,4712, 005, 570,020
Tax
$8,931
1, 070,126
850,861
874, 768
903, 252
687,434621, 086575, 011564,169532, 788481,647434,795376,123382, 294362, 820
1, 392,8701,151, 0841,042,5891, 875, 0531,556,9171, 231, 0211,136,470
979,637905,122787,081
2, 318, 5152,035,8501,047, 603
312,6362, 026,909
595,1371,153,8001, 026,169
603,842
31,904,410
24,854, 55846,825, 52S90,694,65596,772,46578,674,52576,887,31573,364,34577,873,52173, 266,63093,573, 559
Tax before tax credit
Normaltax
$8,931
1, 070,126
850,861
874,768
903, 252
687,434596, 277524,141500,342466,778412, 086358,315297,641296,862271,116
1, 052,501807,476674,064
1, 004,570667,605378,535277, 043210,194122, 937124,671214,128122,74067,638
42,44938, 480
19,925
13,943,886
ji
Surtax
$24,80950,87063,82766, 01069,56176,48078,48285,43291, 704
509,876610,847732,666
1,581,0451,539,1531,324,8501,194,9571,086, 372
984,454912, 624
2,817,9922,103,3401,369,322
455,5422,084,896
551,4071,346,8291,132,9671,151,372
24,097,686
12^ per-cent oncapital
net gain
$2,2058,345
18,75048,27448,32748,48826,63943,90238,37123,94152,89855,152
29,16543,560
688
488,705
Taxcredit—12^ per-cent oncapitalnet loss
$171,712275,584382,891758,836698,168520,852362,169360,831240,640274,155766, 503245,382389,357142,906129,60138,310
193,029127,411547,530
6,625,867
For footnotes, see p, 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 119
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
RHODE ISLAND
Net income classes
(Thousands of dollars)
Under 1 (estimated) i._.Under 1 (estimated)1-2 (estimated) »1-2 (estimated).2-3 (estimated) i2-3 (estimated)3-4 (estimated) L_3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-61
5-66-77-88-99-1010-1111-1212-1313-1414-1515-20-20-25___25-30.30-4040-50-_-50-60.60-70.__70-80-8 0 - 9 0 - - .90-100___100-150-.150-200200-250.250-300-_300-400400-500. .500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,000 „5,000 and over. . _Classes grouped a
Total
Summary for precedingyears: 3
1931I930- .1929- -1928 -19271926 _• .1925.1924--19231922
|
Numberof
returns
1,98964
5,9946,9194,8042,1261,7792,098
3371,008
110768564384268227161125989049
199117717954221911121112
2
1
30,581
22, 37523,86226,48125,80125,18426,36229,12348,79266,96550,076
N e t income
$1, 342,45938,114
8, 810,2159, 705,950
12,002, 3655,420,0105,939, 2857, 281,1601,496, 3344, 504,185
601,1304, 211,1423, 651,4102, 860, 7122, 269, 5062,156, 2171, 683, 2331, 435, 7091, 225, 5081, 216,624
710, 2273 430 837
Tax
$713
103,030
61, 521
73, 716
59, 633
68,79466,18662,23458,36760,35451, 53348,37444, 64850, 21325,191
125. 7092, 605, 260 I 132,9611 942 610 1 iii.fifift2, 745,010 194.6992, 394, 772 j 168, 6811 194 703 79.5131, 235,155
829,0531, 028,1621, 033, 3461, 384, 300
893,130929,872
(2)
116,837117,314142,303205,363316, 770307,207344,134
(Y)
(2) i (*)
— !
1, 655,416
101,863,121
111, 159, 397136, 571, 363184, 531,178176,225,164157,464, 733155,050,974160,955, 280191,556,190214, 749, 602171, 409, 669
641, 511
3,839,178
I
2, 598, 6194,114, 5267,851,3638,093,0136,332,1695, 545, 7875,817,9776, 722, 4916,658,0899,351, 580
Tax before tax credit
Normaltax
$713
103,030
61, 521
73, 716
59,633
68, 79463, 48156, 58151,82652, 42643, 66739, 69235, 41939, 04617, 55092, 57288,16272, 01990,19878,14129,54621,02618, 7735,031
13, 23732,17116, 7589,029
(2)
1,809
1, 335, 567
Surtax
$2,7055,6536,5417,9287,8668,6829,229
11,1677,641
56,42472, 76579,108
165,049202, 294126, 633169, 669135,312161,827200, 398319, 456302,434348,776
(2)
(2)
760,312
3,167,869
123^ per-cent oncapital
net gain
$821,704
51,7651,475
38
19, 5386,551
16, 607
47,765
Taxcredit—12H per-cent oncapitalnet loss
$23,36929,67039,46362, 313
113,22976, 70473,85836, 77144, 09314,82351, 46411,98513,671
(2)
(2)
120,610
712, 023
For footnotes, see p . 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
120 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1982 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
SOUTH CAROLINA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i__Under 1 (estimated) ___1-2 (estimated) i1-2 (estimated)2-3 (estimated) 1
2-3 (estimated)3-4 (estimated) i3-4 (estimated) ._4-5 (estimated) i4-5 (estimated)...5-6 i5-6 . - .6-7 —7-8 -8-9 __9-1010-1111-1212-13 - . .13-14 -14-1515-2020-2525-3030-40 . -40-5050-6060-7070-8080-9090-100100-150150-200200-250 .250-300300-400400-500500-750750-1,0001 000-1 5001,500-2,0002 000-3 0003 000-4 0004 000-5 0005,000 and overClasses grouped 2
Total . . . . -
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
1,47431
2,4551,9282,679
727607785120403
302021189356
.— 35
2814.171224168
10
1
111
11,902
10, 53612,17913, 23213, 72514,31013, 80915,72728,09028, 22526, 830
Net income
$888,37310, 791
3,669, 7592,618,0366,608,0571,898, 9512, 032, 7812,711,528
520,4771, 790,301
162,5761,107,936
767,464696,323469,815335,039272,054322,075172,323228, 083173, 336409,692353,378
328, 792
(2)
(2)
532, 718
29,080,658
33,858, 78142,714,13250, 257,41655, 510, 36055, 218, 67953,060,33157,661, 54479,613,88687, 031,35572, 755, 770
Tax
$247
25,088
15,411
19,647
22,055
17, 91513,40013, 79510, 9668,3748,6969,0095,8578,9746,862
19, 79019,646
24,112
(2)
i
63, 080
312,924
197,943304, 596566,252716,628554, 731420,164430,879727,462
1, 555,3151,268,305
Tax before tax credit
Normaltax
$247
25,088
15,411
19,647
22,055
17,91512,81012,4449,3527,1367,4727,1234,6066,8914,964
13,44213,291
13,937
(2)
10,347
224,178
Surtax
$5901,3511,6141,2381,2241,8861,2512,0831,8986,4639,359
16,665
(2)
§
63, 751
109, 373
12^ percent oncapital
net gain
$3,176
3,176
Taxcredit—^ p e r -cent oncapitalnet loss
$1153,004
9,666
11,018
23,803
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 121
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclassesy showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
SOUTH DAKOTA
Net income classes
(Thousands of dollars)
Under 1 (estimated) i_—Under 1 (estimated)1-2 (estimated) i _1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)...4-5 (estimated) i4-5 (estimated)5-6 1
5-66-77-8. --8-99-1010-11 -.11-1212-1313-1414-1515-2020-2525-30- - -30-40-40-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400 . . .400-500500-750 _750-1,0001,000-1,5001,500-2,0002,000-3,000 _3,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears: 3
1931193019291 9 2 8 . - .192719261925-192419231922__
Numberof
returns
1,29917
1,5301,8221,727
533373497
53185
- 1592593635191110777
105321
1
8,356
7,3879,449
10,44910, 64910,96912,41417,08626, 50621,92821,465
Net income
$769,9396,588
2, 265,4482,490, 5454, 273,7411,379,8821, 243,3391, 709,963
232,340819,785
82,443503, 246383.804268, 619295,307180,178116,081114,32486, 74494,446
102,051162, 211112, 385
76, 238(2)(2)
(2)
186,430
17,956,077
22,130, 69331,453,98840,165,07038, 954,96835,906, 51538,153, 26353, 971, 36066,124, 30350,170,86148, 949, 551
Tax
$173
25,083
11,834
12,628
9,278
7,9996,4775,8556,3765, 3843,0845,2422,7933,6704,2435,4456,8914,858
(2)(2)
10,190
137, 503
105, 602178, 379390,886321,516209, 667208,893192,460306, 097350, 312548, 688
Tax before tax credit
Normaltax
$173
25,083
11,834
12,628
9,278
7,9996,1865,3405,5514,7222,5224,5542,1522,7973,1004,3324,6063,000(2)
(2)
2,078
117,935
Surtax
$291515825662562688641873
1,1432,3363,2301,858
(2)(2)
(2)
19,591
33,215
12H Per-cent oncapital
net gain
Taxcredit—12H per-cent oncapitalnet loss
$1,223945
(2)
11,479
13,647
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
122 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
TENNESSEE
Net income classes
(Thousands of dollars)
Under 1 (estimated)l
Undar 1 Estimated) _1-21-22-32-33-43-44-54-55-6i5-6.6-7.7-8.8-9.9-1010-111-112-113-114-115-220-225-330-440-550-660-770-880-990-1100-150-200-250-300-400-500-750-1,001,502,003,004,005,00Cla
SUEy
estimated) *estimated)estimated) *estimated)estimated) iestimated).-[estimated)l
[estimated)
1 _23 _4 _ -.505000000000150 -200 - -2503004005007501,0000-1,5000-2,000 —0-3,0000-4,0000-5,0000 and oversses grouped *
Total
amary for precedingaars:*1931193019291928192719261925.19241923 _1922
Numberof
returns
3,13437
6,1654,8956,2452,1441,7282,770
1801,772
' - 9 970140928816217011177726341
11266
. 2636157742
22
1
31,543
28,11732,68234, 66435,03933,81235,49534,68966,98169,08163, 555
Net income
$2,009,16423, 382
9, 202,1927,326,529
15, 553, 2865,329,8925, 761,1399, 673,624
788, 2817,849,824
541, 5593,835,1042, 640,9742,147,1851, 365, 0911,611,7581,161,648
885, 796896, 643849,493592,129
1,910,0691, 466, 634
706,4211, 224, 679
672,494388,985468,443302,836173,473
365, 050(2)
(2)
791,385
88,515,162
107, 251,482140,422,521177,388,337190,287,682173,162,605175,714,293168,198,127224,184,198226, 033,948190, 723,937
Tax
$559
88,992
78, 720
97,212
105,054
66, 55746,92445,18231,11544,35734, 40132,14233, 27235, 51325, 61491, 79381 624
Tax before tax credit
Normaltax
$559
88,992
78, 720
97,212
105, 054
66, 55745,05241,01927,23538,60929,06326,80026,82027,68419,15065, 72051 4.R9
39, 322 23, 62574, 529 31,44165 657 90 fifi736, 31665,16654,79843,295
77,819(2)
0)
303,448
1,699,381
1,413,6091,955,2013,747,5825,624,1124,035,5413,651,4573,125,6033,419,5354,283,8054,902,612
9,14315, 3499,214
10,091
(2)
9,333
964, 591
Surtax
$1,8724,1633,8805,7485,3385,3426,4527,8296,464
30, 85140, 58127,81864,82452, 88344, 08156,90849, 60633, 204
124, 794(2)
(2)
309,176
881,814
I2y2 per-cent oncapital
net gain
$997
9924,062
6,850
12,901
Taxcredit—12H per-cent oncapitalnet loss
$4,77811,43612,12122, 72811,95516,90813,9414,022
46,975(2)
15,061
159,925
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 123TABLE 9.—Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
TEXAS
Net income classes
(Thousands of dollars)
Under 1 (estimated) * _Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) *4-5 (estimated)5-6 i5-66-77-88-99-1010-1111 1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80 _ . -80-9090-100100-150150-200200-250250-300300-400 ._ .400-500500-750750-1 0001 000-1 5001,500-2,0002,000-3 0003 000-4 0004,000-5,000 , .5,000 and overClasses grouped 2
Total
Summary for precedingyears: 3
193119301929192819271926192519241923....1922 . _
Numberof
returns
11,82391
19,03717, 22917, 6028,1394,930
10, 681672
5,493198
2,6361,340
820483385269182184149116321176
— 9697522311853361
i22
102,966
89,158105, 058113, 555112, 273114, 534111, 438109, 448192, 735200,683186,865
Net income
$7, 328, 47653, 504
27,811,71625,093, 79644,090, 62420, 736, 35316, 398, 03636, 957, 5412, 946, 578
23, 066, 3951, 084, 968
14, 378, 5268, 654,9266,117, 3734,087, 5573, 656,1012, 847, 5772,093, 4332, 297, 5032,016,0061,685, 6925, 500,0623,971.3142, 612, 6683, 293, 3122, 295, 7191, 244, 952
726, 351596.119436,182290, 328401, 645
1, 022, 244(2)
(2)
(2)1, 786, 434
1, 953, 029
279, 533, 040
333, 673,467448,849, 717592, 518, 704580, 239, 493560, 322, 568547, 562, 501496,820, 449638,109, 285613,494,900545,901, 576
Tax
$240
273, 823
243, 042
410, 308
373,140
301, 990205,837179,392141, 261135,084120, 78590,010
105, 30095,00276,062
331, 551232, 972197,186287, 333251, 503153, 60694, 85126,12990, 46178, 08385,041
275, 278(2)
(2)
(2)472, 990
415, 628
5, 743,888
4,634, 3598,633,146
12,866,95014,401,96812, 909,84212,681, 5199,766, 688
10,235,80610,678,02214,119,655
Tax before tax credit
Normaltax
$240
273, 823
243,042
410, 308
373,140
301, 990199,830167,836129, 924122, 261103, 90877, 77988, 41776, 57358,055
253, 894147,865106, 252140, 37095,17638, 27411,8303, 034
10, 98215, 2601,9868,941
(2)
(2)
(2)141, 090
22, 356
3, 624, 436
Surtax
$6,00711, 55611, 33712,82316,87712, 23116,88318,42918,00786,197
106, 210100,064174, 508182, 793108, 02382,87387,15584,14362,94571,015
237, 541(2)
(2)
(2)331,900
232,135
2,071,652
Yiy2 per-cent oncapital
net gain
$1,8878,2894,975
21,15311,03722, 28312, 426
12,04028, 796(2)
(2)
161,137
284,023
Taxcredit—12H per-cent oncapitalnet loss
$16, 42729,39214,10548,69837, 50314,97412, 27864,0604,664
122
236,223
*
For footnotes, see p. 130.
61684—34 9
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
124 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
UTAH
Net income classes
(Thousands of dollars)
Under 1 (estimated) i—Under 1 (estimated)1-2 (estimated)»1-2 (estimated)2-3 (estimated2-3 (estimated3-4 (estimated3-4 (estimated
l
l
4-5 (estimated) !
4-5 (estimated)5-6 l
5-6 _6-77-8 .•8-99-1010-1111-1212-1313-1414-15 - - . -15-2020-2525-3030-4040-5050-6060-7070-8080-90 - -90-100100-150150-200200-250250-300300-400400-500500-750750-1 0001,000-1,5001,500-2,0002,000-3,000 .3,000-4 0004,000-5,000 — - -5,000 and over.Classes groupe
Total
d2
Summary for precedingyears:3
193119301929r928192719261925192419231922
Numberof
returns
1,43428
2,2031,4642,255
561799715101396
46184109734944332314127
291611841
2
2
1
10,624
9,78511,77713,16313, 26213,02913, 56816,10128, 68530, 24227, 325
Net income
$835,36214,478
3,255,3781,975,9105,655, 4391,463, 2262,633,5372,458,679
270, 7021,763,717
252, 6851,007, 610
702, 248548,194410, 789416,192346,975264, 686174,861160,480101,921495, 201359, 298301, 758270, 274181,541(2)
145, 589
0)
(2)
561,463
27,028,193
31,863, 65745,369,19959, 451, 69058, 809, 29653, 628,89753,832,16961, 634,95182,088, 47779, 943, 30667, 744, 653
Tax
$411
15, 567
11,458
17,210
19,079
15,00911,85212, 31711, 33710,38510,3439,5554,7525,1105,015
20,81330, 43217,94217,79915, 555
18,055
(»)
(•)
86, 277
366, 273
196,095447,953881,606
1, 095,839851,031628, 773660, 497599,194725, 908955,929
Tax before tax credit
Normaltax
$411
15,567
11,458
17,210
19,079
15,00911,37111, 21410,1668,8628,6817,9433,5203,7723,878
17,84726, 61410, 0135,7235,489(*)
(2)
7,949
221,776
Surtax
$4811,1031,1711,5231,6621,6121,2321,3381,1378,071
11,20812,34812,96615,997(2)
22,780
(2)
34,890
129,519
12K per-cent oncapital
net gain
$2194,688
(2)
(2)
49,467
54,374
Taxcredit—12H per-cent oncapitalnet loss
$5,1057,3904,6385,5785,931
(2)
4,725
6,029
39,396
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 125
TABLE 9.—Individual returns for 1982 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
VERMONT
Net income classes
(Thousands of dollars)
Under 1 (estimated) i___Under 1 (estimated)1-2 (estimated) »1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated) _.5-6i _5-66-77-88-99-10 _10-1111-12 _.12-1313-14 _14-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100 -100-150150-200200-250250-300300-400400-500500-750750-1,000 . .1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears:3
193119301929192819271926192519241923 . . . .1922
Numberof
returns
21524
2,4202,7721,864
74162764786
30833
20213869625425"2018148
3322
81543
4111
10,439
7,8038,6359,5869,3948,2688,6469,559
20,61821, 75217,901
Net income
$137, 67416, 343
3, 501, 2803,633, 9844,780,0381, 890, 7472,092, 7152, 227,850
372, 2651, 369, 268
179, 3881,097,990
894,481516, 918528,157508,941262,895228,405224,761190, 561117,976567, 715494,963219, 342515,154188,560(2)
302,004(2)
8
482, 607
27, 542,982
29, 853, 41039, 259,34149,916, 32648, 086,17541,842, 22142,209,08345,857,16063, 630,62064,800,00951,653,367
Tax
$425
30, 602
17,940
22,088
16,869
17, 74714, 68610,81012,67412,8498,0749,1326,4117,5705,720
21, 72321, 37413,04037,45711, 224(2)
40,928(2)
(2)
67,302
406, 645
264, 753626, 874
1,019,8631, 055, 740
846,932821, 296919, 959978, 252
1,332,8221, 573, 555
Tax before tax credit
Normaltax
$425
30, 602
17,940
22,088
16,869
17, 74713,9519,794
11,10911,0736,8157,8024,7105,7724,334
18,18115, 923
7,19219, 2943,175
(2)
4,640(2)
7,103
256,539
Surtax
$7351,0161,5651,7761,2591,3301,7011,7981,3869,163
14, 5648,757
28,19313,009(2)
48,107(2)(2)0)
96,923
231, 282
12H Per-cent oncapital
net gain
$319
454
773
Taxcredit—12H per-cent oncapitalnet loss
$5,6219,1133,228
10,0304,960
(2)
12, 273(2)(2)(2)
36, 724
81,949
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
126 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
VIRGINIA
1
Net income classes
(Thousands of dollars)
Under 1 (estimated) L__Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i . . .2-3 (est imated) . . -3-4 (estimated) 1 _ . -3-4 (estimated)4-5 (estimated) 1 _ . .4-5 (estimated)5-615-66-77-88-99-1010-1111-12 -12-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,500.1,500-2,0002,000-3,0003,000-4,000 _ .4,000-5,0005,000 and overClasses grouped 2
Total
Summary for precedingyears: 3
1931 __.1930192919281927 -192619251924 : .19231922
Numberof
returns
3,91668
6,6928,4607,6353,9862,6384,121
4541,730
137914616406271208
•"•"138124936152
16584
" 3 651221913115154
43,136
34, 68937.91538, 63137,61937,39337, 79737, 50771. 59777,45171, 523,
Net income
$2,486,00531,737
10,164,92811, 914, 76119, 226,75210, 259,3288, 815, 446
14,180,7891,990,4187,647,253
744, 6434,989, 2393, 987,0113, 024,1582, 295,3651, 973, 3291,446, 9691, 417, 6561,159, 503
825,612752, 796
2,828,3591.877, 505
986, 0221, 729, 735
973, 8021, 042,874
853, 406814,198421,991
596, 390
770, 496
122, 228, 476
129, 365,027156.272, 484179,293,926181, 750, 013172, 239,863176,024,673170, 257,017231, 055, 514242, 586,945207,277,342
Tax
$987
124,518
100,557
120,888
97,488
81,10369,49463,60256, 45950,65648,16041, 59839, 75924, 77025, 075
122,362102,18582, 235
140,48076.305
112. 273116, 538131,61275, 645
132, 253
183, 450
2, 220,452
1,323,7222,050,5543, 201,1044, 408,9833,611,1353,495,0422,981,4123,313,8963, 669, 2944,919, 485
Tax before tax credit
Normaltax
$987
124,518
100,557
120,888
97,488
§1, IO366, 45657, 79149,70043, 54740,42033, 24331,04517,33416,80586,14463,03340, 31670,78133,84034, 74514, 73825, 0749,427
* 370
13,473
1, 273,823
Surtax
$3,0385,8116,7597,1097,7408,3558,7147,4368,270
46,67452, 77047,46093,12578,878
115, 934117, 256128, 94578, 398(2)
158, 567
243,056
1,224,295
12^ per-cent oncapital
net gain
$222
2,2585,3303,105
547
11,462
Taxcredit—12}i per-cent oncapitalnet loss
$10,67813,6187,799
28,75639,51838,40616,00322, 40712,180
26, 684
73,079
289,128
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 127TABLE 9.—Individual returns for 1982 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
WASHINGTON «
Net income classes
(Thousands of dollars)
Under 1 (estimated) L._Under 1 (estimated)1-2 (estimated) i1-2 (estimated)2-3 (estimated) i2-3 (estimated)3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated)5-6i5-66-77-8 _8-99-10__.10-1111-12 _12-13 .13-14.14-15 _15-20___ _ . .20-2525-30 .30-4040-50 _50-6060-7070-80-_80-90___90-100,100-150150-200200-250250-300_300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over
Total
Summary for precedingyears: 3
1931193019291928192719261925192419231922
Numberof
returns
5,39425
10, 38713,5848,1955,7352,7525,126
2732,225
941,109
566269142104605458353788431130193832
3
56,434
51, 78163,12965, 24066,16762, 20061,95078,030
138,181136, 057123, 216
Net income
$3,066,96717,799
15, 052,98119,015,00120,922, 51214,490,9299, 062,817
17, 632,4051, 200, 5679,878,128
517,7896,053,7413, 637, 5182, 005,9871,193, 258
980,624628, 049608, 674726,853471, 728534,918
1, 499, 032926, 410291,494
1, 038, 273840,431169,771521,138226, 795167, 280
317,374
133, 697, 243
174,858, 452238,857,983302, 258,404273,648, 593252, 547, 211245, 592, 050272, 544,925393, 961, 927351,985, 059300, 523, 342
Tax
$258
194, 655
154,195
175,337
149,617
121, 32584,48052,13534,10337,73721,13621,89127,02818,91320, 42857, 24739, 20518, 50876, 59364, 24118, 21963, 20824, 47532, 014
50, 610
1, 557, 558
1,238,0442, 750,1435, 775, 3434,464,9302,913, 6422,800, 5482, 717,1023, 231, 2333,925, 8015,148,477
Tax before tax credit
Normaltax
$258
194,655
154,195
175, 337
149, 617
121, 32581,87948,15030,67734,20918,17518,25621, 52714, 55714, 74338,40123, 25214,30830, 59322, 384
4089,8482,0155,682
490
1, 224,941
Surtax
$2,6013,9853,4263,5282,9613,6355,5014,3565,685
23,39224, 25211,41659.48062, 37615,43754, 94634,80530,728
37,094
389,604
12M per-cent oncapital
net gain
$132,8568,7222,374
11,740853
13, 026
39, 584
Taxcredit—12^ per-cent oncapitalnet loss
$4,5468,2997,229
16, 33629, 241
13,32613,1984,396
96, 571
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
128 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
W E S T V I R G I N I A
Net income classes
(Thousands of dollars)
Under 1 (es t imated) l . . .Under 1 (estimated)1-2 (estimated) i._.1-2 (estimated)2-3 (estimated) i2-3 (est imated) . . .3-4 (estimated) i3-4 (estimated)4-5 (estimated) i4-5 (estimated) _5-6 i-_5-66-7 . .7-88-99-1010-1111-1212-1313-1414-15 . .15-2020-2525-3030-4040-5050-60 _60-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2 0002,000-3,0003 000-4,0004,000-5,0005,000 and overClasses grouped 2
Tota l . .
Summary for precedingyears: 3
1931193019291928192719261925192419231922
Numberof
returns
2,02729
5,3544,7795,4411,9731,6882,196
33111?§
ioy4753472301741348663594228
111372431797411
26,872
22,11827,13029,80330, 64332,50032,54435,81075,03789, 26369,501
Net income
$1,324,28917,986
7,807,7286,783,139
13,813,4894,975, 7395,655,8937,597,0181,453,3584,631,107
761,7462,599,1502, 241,1361, 721,8001,472,5941,268,498
904,835725,380737,454569,444405, 613
1, 905, 243833,335645, 743
1,051,581312,885484, 773464,296(2)
(2)(2)
494,327
73,659,579
80,333,944110,726,146136,768,017140,128, 751139,696,175141,396,917144,777,469226, 999, 720260,343,202196,777,359
Tax
$282
74,585
54,964
64,864
56,036
38,97634,31633,75233,84829,53425,38820,50220,62917, 21618,30773,01838,25638,15565,26531, 65342, 27356,243(2)
(2)
60,418
928,480
515,6001, 238,7112, 298,8752,920,8222, 519,7312,304,3132,133,5102,796,3103,875,8644,594,653
Tax before tax credit
Normaltax
$282
74,585
54,964
64,864
56,036
38,97632,76630,10729,43024,93521,07116,07315,02311,82413,84547,19921,39816,93918,97811,30310,1258,681(2)
10,220
629,624
Surtax
$1,5503,6454,4184,5994,3174,4295,6065,3924,462
31,14424,02024,33161,94920,76252,58664,157(2)
(2)(2)
92,012
409,379
12H per-cent oncapital
net gain
$881,714
2,031213408
(2)
85
4,539
Taxcredit—uy2 per-cent oncapitalnet loss
$5,3257,2504,829
15,6622,443
20, 65117,003(2)
(2)(2)
41,899
115,062
For footnotes, see p . 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 129
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
WISCONSIN
Net income classes
(Thousands of dollars)
Under 1 (estimated) 1Under 1 (estimated)1-2 (estimated) i—1-2 (estimated)..-2-3 (estimated) i2-3 (estimated)...3-4 (estimated) i3-4 (estimated)4-5 (estimated)1
4-5 (estimated)...5-6 1
6-6-.6-77-8-_ . .8-99-1010-1111-1212-1313-1414-15-15-2020-2525-3030-40.40-5050-6060-7070-8080-90 .90-100100-150150-200200-250250-300300-400400-500500-750750-1,000 . .1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2
Total..
Summary for precedingyears:3
1931193019291928192719261925192419231922
Numberof
returns
20,502269
18,11216,73912,5606,1132,5036,179
395
1,3959335844192882111461218588
20697
• 6 8603320109613111
1
91, 557
84, 68195,366
103,04498, 485
100,95699,251
110,485179, 275194, 050160,519
Net income
$11,682, 757135,407
27,124, 32124, 426,12530, 647,22215, 262, 2758,398,816
21, 497,0721, 706,349
14,393, 734887,372
7, 608,1266, 019, 0554, 362,3933, 562,6372, 734, 6532, 215,3891, 681,1181, 513, 3371,143,4291, 270,8983, 523, 4822,154,1771, 841, 4562, 095, 6241, 475, 9101, 073,805
635. 096659,993505, 400
(2)
1, 595, 696
203,833,124
251,988,008357, 657, 240450, 934,107453,394, 323436,579,613407,642, 742418, 618, 008496, 659, 728547, 039, 928401, 670, 058
Tax
$2, 795
292, 736
227, 534
234,377
197, 423
128, 034115,551101,97794,40181, 63973, 75657, 03855, 59343, 35151,784
155,491116,198112, 626157, 099103, 943100, 61784, 59695,15467, 666
(2)
471, 046
3, 222,425
2,438,4745,892,638
10,287,02012,459,31810, 621,7458,418,0476, 799,3127,344,0539, 019,0769,126,855
Tax before tax credit
Normaltax
$2, 795
292, 736
227, 534
234, 377
197, 423
128, 034111,24593,41783, 97671,66263, 03547,13544,36232,89838,180
111,68778, 03059,47065, 41051, 98625, 20023,82423, 02115, 632
(2)
17,110
2,140,179
Surtax
$4,3068,560
10,4259,977
10, 7219,903
11, 23110,45313, 60457, 50660, 39772,386
124, 328120, 416116, 26581, 479
102, 31086, 075
(2)
562,611
1, 472,953
12M per-cent oncapital
net gain
$401105
1,9086,6308,277
338
535
(2)
59
18, 260
Taxcredit—I2y2 per-cent oncapitalnet loss
$14,10322,33421,13839, 26976, 73641,18620, 70730, 71234, 048
(2)
108, 734
408,967
For footnotes, see p. 130.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
130 STATISTICS OF INCOME
TABLE 9.—Individual returns for 1932 by States and Territories and by net incomeclasses} showing number of returns, net income, tax, tax before tax credit, and taxcredit; also total number, net income, and tax for prior years—Continued
WYOMING
Net income classes
(Thousands of dollars)
Under 1 (estimated)i___Under 1 (estimated)1-2 (estimated)*. „1-2 (fistimai.p.rh2-32-33-43-44-54-55-6i5-6.6-7.7-8.8-9-9-1010-111-112-113-114-115-220-225-330-440-550-660-770-880-990-1100-150-200-250-300-400-500-750-1,001,502,003,004,005,00Cla
Sun
estimated)1
estimated)estimated)^estimated).. _[estimated)iestimated)
123450500 .
o0
oo0001502002503004005007501,0000-1,5000-2,0000-3,000 . -0-4,0000-5,0000 and oversses grouped 2
Total - .
imary for precedingjars:31931193019291928 -19271926192519241923 .1922 _ - . . .
Numberof
returns
58513
1,3221,5281,288
54238851344
232"~ IS '
121634627
„ 12155865952211
6,796
5,8916,8098,1408,6228,8708,930
10, 33622,94723, 24621,943
Net income
$350,1716,293
1,986,4992,132, 2343, 280, 3611, 375, 7041, 284, 3171,770, 012
197, 2561,028,600
71, 790651, 562410, 513341,930228, 024116, 227157, 80257,88999, 26681,29573,253
156,868112, 30656,957
(2)(2)(2)
162, 710
16,189, 839
18,176, 55322,979, 51730, 813, 01833, 233, 24931, 297,69831, 750, 58133, 481, 51860, 751, 85357, 376, 05448, 826, 743
Tax
$140
23,134
14,094
13, 722
12,611
10,1346,9477,6465,5772,8184,7741,8373,3603,7523,1304,3316,1304,150
(2)(2)(2)
15,430
143, 717
65, 346141, 440188, 964372,128274, 644263,319256,481414, 087520, 769687, 062
Tax before tax credit
Normaltax
$140
23,134
14,094
13,722
12, 611
10,1346,6336,9694,9292,4234,0261,4792,5602,8752,3013,4603,8751,699
(2)(2)(2)
4,618
121, 682
Surtax
$314677648395748358800877829
2,3252,7422,441
(2)(2)(2)
12,992
26,146
12^ per-cent oncapital
net gain
$27
27
Taxcredit—12^ per-cent oncapitalnet loss
$1,454487
17
(2)
2,180
4,138
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.2 Classes grouped to conceal identity of taxpayer.3 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209.4 Includes Alaska.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 131
TABLE 10.—Individual returns for 1982 on form 1040 with no net income, by Statesand Territories, showing number of returns and deficit
States andTerritories
Num-ber of
re-turns
Deficit(in
thou-sands)
States andTerritories
Num-ber of
re-turns
1,0262,6229,2368,3373,0731,8254,025
2752,336
256752
6,919447
35, 8831,842
9118,646
Deficit(in
thou-sands)
$5,01521, 76669, 40260, 73816,3737,892
26, 7361,8078,2951,1363,735
52, 7901, 866
406,9519, 7452,192
63, 862
States andTerritories
Num-ber of
re-turns
Deficit(in
thou-sands)
AlabamaArizonaArkansasCaliforniaColoradoConnecticutDelawareDist. Columbia.FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisiana
1,596683
1,15120, 8752,1113,590
431871
2,6061,890
472431
13, 9203,4583,3823,1141,6582,187
$7,9363, 6545,581
129,8389,17126, 7393,9757,198
17, 900] 0,4562,4461, 933
145, 64217, 72914, 5709,-8809, 05515,105
MaineMarylandMassachusetts...MichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew Hampshire.New Jersey..New MexicoNew YorkNorth Carolina. _North Dakota.._Ohio
OklahomaOregonPennsylvaniaRhode IslandSouth Carolina. _South Dakota. . .TennesseeTexasUtahVermontVirginiaWashington l
West Virginia , . .WisconsinWyoming
Total
2, 7872, 085
17,9961,089
938924
1,8759, 699
654233
1,8934,5331,3686,757
625
206,293
$14,6118,203
120, 2437,9964,0102,2259,79053,9802,5981,4018,29418, 2725, 798
22, 3252,068
1,480,922
1 Includes Alaska.
TABLE 11.—Individual returns for 1932 on form IO4.O with no net income, by deficitclasses, showing sources of income and deductions, and deficit
[Money figures and deficit classes in thousands of dollars]
[For text defining items and describing methods of tabulating and estimating data, see pp. 1-5]
Deficit classes
Under 55-1010-2525-5050-100-._100-150150-300300-500500-1,0001,000 and over.
T o t a l . . .
Sources of income
Wagesand
salaries
105, 91533, 72037, 58619, 22611,5554,5434,4771,167
808721
219, 716
Busi-ness
33,8777,9227,6983,1431,407
424241165
4
54, 880
Part-ner-
ship i
13, 2574,5024,2812,6221,841
61339824576193
28,612
Profitfrom
sale ofreal
estate,stocks,bonds,
etc2
6,6702,2133,5122,0481,5193,658
7471713924
20, 602
Rentsand
royal-ties
62,92715, 24113, 8555,8654, 6261,1141, 057
381347195
105,609
Intereston Gov-ernmentobliga-tionsnot
whollyexempt
1,75865387347417866123126138
4,235
Divi-dends onstock ofdomesticcorpora-
tions
58, 76328, 75137, 23724, 30020, 8749,14613, 9265,2489,9488,351
216, 544
Fidu-ciary l
7,3182, 8813,4802,2121,383
599672227647
18,843
Interestotherthantax-
exempt
54,10519, 21723,12912, 7088,3623,3704,5202,7721,6542,156
131,993
Sources of income-Continued
Deficit classesOther
income
Under 56-1010-25__25-50__50-100100-150150-300300-500_500-1,0001,000 and over..
13,9333,9204,6293,0101,878
5341,190
330478657
Total. 30,559
Totalincome
358,522119,018136,28175, 60853, 62224,06727, 35110, 71814,16512, 241
831, 592
Deductions
Net lossfrom sale
of realestate,stocks,
etc2
134,31988,651152, 479123, 235110,43248,17870,47329, 76630, 06047, 688
835,280
Net lossfrom
businessand
partner-ship
181, 20284, 75196,98253,52737, 09520,65221, 3989,5607,7646,409
519,340
Contri-butions
6,4601,8271,9701,044
57331124674
11234
12,651
Allother
270,145109,455148,052105,01491,03243,03463, 78235,85735,06143,811
945, 243
Total
592,126284,685399,483282,820239,132112,175155,89875, 25772,99697,942
2,312,514
Deficit
233,605165,667263,202207, 213185, 51088,107
128, 54764, 53958,83185,701
1,480,922
1 For explanation of item, see p. 10.2 Includes amounts from sale of capital assets held more than 2 years.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BASIC TABLES
CORPORATION RETURNS
133
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
134 STATISTICS OF INCOME
TABLE 12.—Corporation returns for 1932, by States and Territories, showing fortions, net income or deficit, net loss for prior year, income
[Money figures in
[For text defining certain items and
States and TerritoriesTotal
numberof returns
Returns showing net income
Number Gross in-come J Deduc-
tions iNet in-come
Net lossfor prior
year
9101112131415161718192021222324252627282930313233343536373839404142434445464748495051
Alabama..AlaskaArizona _ArkansasCalifornia.Colorado.-ConnecticutDelawareDistrict of Columbia..FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth Dakota.OhioOklahoma.OregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming. .
4,065165
1,7732,30624,1096,9528,3702,0542,3789,8535,360780
2,35032,11711,6499,1314,9975,1936,6753,7716,15620,01614,95111,1962,44616, 3733,0444,694938
1,33323, 2781,197
109,9315,8023,23924,9196,0926,44626, 8003,1343,4043,0235,19915,1542,9011,1746,91512,3284,80716, 2031,495
60742217499
4,419980
1,381445586
1, 2041,032304279
4,8161,9631,3771,0641,0791,197713
1,3003,4762,0632,030367
3,140529958108329
3,128188
15,5991,080487
3,9691,030779
4,546562511473
1,0102,982419221
1,4901,654962
2,806246
Total 508,636
50,6832,949
19, 67240,052
1, 595, 538191,260462, 884585,193174,424125, 985178, 537
91, 06221, 777
3,565,964292, 504286, 327288, 764221, 566243, 716107,009
1,169, 3781, 616, 236
703, 521652,128
25, 779986, 39933,989
133,907254, 42747,479
996,61512,157
9, 660, 469464,28726, 754
1, 746, 586166, 74783,397
2,072, 786127,045
82, 52126, 226
221,451730,90129,84725,752
378,009166,579119,373391,493
9,859
48,484
18,80438,152
1, 455,960176, 977427,540544,496159, 475119,505167, 770
83, 38820,520
3,434,005269, 090275,088275,456207, 099228, 78799,085
1,113, 2611, 509, 580
649, 499621,013
24, 652907,87532,941
126, 769247,96545,328
890, 04911, 745
8,960,313401, 600
25, 9271,632,105
146, 52980,341
1,908,736117,75579, 07425,527
208,454690,04328, 27324,542
341,317158,835111,458371,645
9,332
2,200261868
1,901139,57814,28335,34440, 69714,9496,481
10, 7677,6741,258
131,95923, 41411, 23913, 30814,46814,9297,924
56,117106,65554,02231,115
1,12878, 5241,0487,1386,4622,151
106, 566412
700,15662,687
827114,48120, 2183,055
164,0509,2903,448
69912,99740,858
1,5731,210
36, 6927,7447,915
19,848528
82,646 31,707,963 29, 554,850 2,153,113
3458694
1873,773
49172396729070283116458
18, 330932250281665
1,115158506
2,6491,6471,210
1131,238
12824627
1224,986
5621,392
28771
4,7371,113
3206,573
52914277
6026,195
7139
625725333
1,178100
88,477
1 Gross income and deductions correspond to total income and total deductions (items 13 and 25, re-spectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5,respectively, on face of return).
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 135
returns with net income and no net income, number of returns} gross income, deduc-tax and dividends paid; also number of inactive corporations
thousands of dollars]
describing returns included see pp. 1-5]
Returnsshowingnet in-come—•Contin-
ued
Incometax
24724
106231
18, 7031,7754,7525,5732,064
7841,3541,031
17715,7133,1081,5031,8191,8731,7651,0847,712
14, 2177,2194,166
13310, 554
121948896277
14, 03747
94, 7398,565
10215,1242,611
37121,983
1,14743384
1,7004,713
206158
4,972954
1,0393,061
59
286,034
Returns showing no net income
Number
2,95392
1,0261,679
16, 5904,5646,4181,3411,5906,6114,046
4461,323
24,1448,3225,8673,4533,5864,6812,6144,102
15, 39611,2477,5131,778
11, 2432 1533,308
542934
17, 955738
85, 2344,2411,910
19, 3994,3694,336
19,1432,3272,5111,9003,678
10, 6531,909
8994,7658,1503,344
11,1761,039
369, 238
Gross in-come 1
232,0782,770
52, 256116, 265
2, 221, 271322, 205905,173636,895257,854262, 469326, 905105, 21358, 949
5, 758, 058702,416380,172239, 684327, 561399, 762238, 515703,194
2, 231, 9812, 224, 772
867, 046106, 816
1, 365, 96171,612
236, 42126, 22572, 788
1, 776,13532, 497
14,191, 558345, 791
52, 5532, 727, 030
500, 309280,190
4, 092,190347,445153,14758, 561
358,843812,817140,058
71,086360,176499,153258,395829, 237
35,317
49,375,775
Deduc-tions l
271, 7413,407
64,119130,845
2, 607,124365, 054
1, 029,955737, 653310, 452320, 696363,395122, 49372, 932
6, 578, 213822, 670436,342272, 223366, 789454, 687288, 233838,437
2, 601,3552, 597, 2521,010, 472
122, 8641, 550, 284
83, 402264, 22332, 24583, 365
2,135,99037, 031
16, 377, 307396, 925
59,1483, 205, 627
583, 977332,114
4, 659, 275409,457173,81564, 414
401, 264969, 229158, 58581,176
422,954584, 593295,965979,023
41, 667
57,172,461
Deficit
39,662637
11,86314, 579
385,85342, 849
124, 782100,75852, 59858, 22836, 49017, 28013, 983
820,155120, 25456,17032, 53939, 22854, 92549, 719
135, 243369, 374372, 480143, 426
16, 048184, 323
11, 79027,803
6,02110, 577
359,8554,535
2,185, 74951,1346,596
478, 59883, 66851,924
567, 08562,01220, 668
5,85342,422
156, 41318, 52710, 09062, 77985, 44037, 569
149, 7856,350
7,796,687
Returnsshowing
no in-come
data—Inactivecorpora-
tions
Number
50531
530128
3,1001,408
571268202
2,038282
30748
3,1571,3641,887
480528797444754
1,1441,6411,653• 3011,990
362428288
702,195
2719,098
481842
1,551693
1,3313,111
245382650511
1,51957354
6602,524
5012,221
210
56, 752
Dividends—re-turns showing
net income
Cash
1,48273
1,1962,565
179, 50214, 27738,87685, 257
8,1614,5867,5669,6851,710
146, 32116, 72410, 51117,13115, 7329,103
10, 23338, 691
110,84358,19240, 489
82764,894
1,0236,2098,5972,440
117,109337
817, 25046, 341
50478,17518, 2333,381
213,7917,8972,243
47710, 41631,128
1,666904
30,1186,5968,893
11, 537494
2,320,386
Stock
6
231,399
293307
13, 20261412111637631
6,184217
8634
534604
38202
8,7431,988
69037
363
854
13364
2137, 059
11436
4957796
8,5011,5591,881
37122
1,289252
10207
8087
595
89,955
Dividends—re-turns showingno net income
Cash
3,55117
541731
65,3938,673
21, 23080, 693
4,8103,910
11, 0867,528
455153,197
9,4124,0462,0513,9514,1264,571
13, 57142, 33785,49819, 252
1,65323, 220
9952,622
2791,055
88, 596252
601,1045,424
21770, 3756,5474,668
135,1657,2931,254
5406,488
13,8223,862
8125,1359,1154,362
19,146584
1, 565, 215
Stock
69
91
1,83796
1,5362,183
51299619
131
806638
715292
66166
208748746452
21938163
1,110
2484
1330, 935
17320
3,969352114
1,97410312524
13916446
1322
18140433
1
53,122
12
456789
10111213141516171819202122232425262728293031323a343536373839404142434445464748495051
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
136 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1932 by major industrial groups, showing numstatutory net income or deficit, tax, net profit
[Money figures in
[For text defining certain items and
PART I. ALL
Industrial groups
Aggregate
451,884
53,099,40119,778, 5473,490,8131,925,918
142,4551, 386, 623
1,259,982554,250
81,637,988
41, 297,3112,132,5974,043,0872,087,3371,313,3063,693,123
246, 5441, 705,175
28,948,852
85,467,330
7 3, 829,3427 5,643, 574
88,477286,034
7 4,115,3773,885,601
143,076
Agricul-ture andrelatedindus-tries
9,768
253,01783,7926,3659,6071,6798,591
5,102813
368,966
195, 68516,20224,30921,7386,169
32,0212,287
10,340143, 284
452,034
7 83,0677 88,983
1,059675
7 83,74213, 529
484
Miningand quar-
rying
12,046
978,143564,93220,25422,61210,39448,035
20, 5067,413
1,672,288
757,08538,41179,06362,26112, 521
165,845101, 65328,784
623,113
1,868,737
7196,4497 224, 367
8,6557,445
7 203,894102,079
1,943
Manufactur-ing
Total manu-facturing
87,916
29,077,8951,826,321
275,061131, 531
26,882427,866
210,92879,106
32,055, 589
22,163,178734,148540,193547, 385335, 329
1,570, 812116,080243,987
7, 320,797
33, 571,909
71,516,32071,806,354
32, 64499,949
71 , 616,2691,326,490
81,455
Number of returns _
Receipts, taxable income:Gross sales l
Gross receipts from other operations 2
InterestRents. __Profit, sale of capital assets ---Miscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic corporationsInterest on tax-exempt obligations3
Total compiled receipts *.
Statutory deductions:Cost of goods sold _Compensation of officers --Interest paidTaxes paid other than income tax...Bad debtsDepreciationDepletionLoss, sale of capital assets _Miscellaneous deductions -
Total statutory deductions
Compiled net profit or deficit (10 less 20)Statutory net income less statutory deficitNet loss for prior yearIncome tax __.Compiled net profit less income tax (21 less 24)Cash dividends paidStock dividends paid___
For footnotes, see pp. 146-147.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 137her of returns, compiled receipts and statutory deductions, net profit or deficit,after deducting tax, and dividends paid
thousands of dollars]
describing returns included see pp. 1-5]
RETURNS
Industrial groups—Continued
Manufacturing—Continued
Food productsincludingbeverages
14,282
7,009, 505132,82330,58119,8471,756
63,167
31,9788,536
7,298,193
5,372,898100,42673,62567, 89741,020
199,154756
58, 6751,351,052
7,265, 503
32, 6907 7,82416, 43325,2017,489
231,7477,128
Tobaccoproducts
370
828,237196,912
2,750870106
4,208
6,6392,759
1,042,481
602,4217,7833,9399,2072,7437,639
4,768261,334
899,835
142,646133, 248
3919,061
123, 58598,898
5
Textiles andtheir prod-
ucts
14,339
3,773,15448,15313,51013,6142,427
28,855
4,2387,794
3,891,746
3,190,302125,35635,83544,53348,341
129, 773117
28,344568,311
4,170,911
7 279,1657 291,197
2,9135,047
7 284,21258,9783,519
Leather andits manufac-
tures
2,284
824,6593,3193,3742,194
1976,329
959698
841, 729
692,37022,9726,0396,315
12, 57914,167
2544,000
124,485
883,181
7 41,4537 43,110
6672,404
7 43,85720, 560
92
Rubberproducts
522
606,4932,2888,1743,430
1599,812
5,1612,669
638,185
429,2016,534
18,9928,790
18,11432,897
601,290
153,215
669,094
i 30,9097 38,739
584301
7 31,21019,304
663
Forestproducts
6,470
793,99623,7059,0346,8112,222
14,999
3,1941,658
855, 619
687,88438,59627,87124,80620,30048,09314,98414,321
181,030
1,057,885
7 202,2667 207,118
395666
7 202,93217,473
486
Paper, pulp,and products
2,055
954,45311,20019, 8824,6201,206
12, 834
5,2011,938
1,011,334
736,98828,88035,88018,0037,496
62,671947
4,228173,573
1,068,668
7 57,3347 64,472
4622,237
7 59,57125,860
411
1
234567
89
10
111213141516171819
20
21222324252627
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
138 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1932 by major industrial groups, showing numstatutory net income or deficit, tax, net profit
[Money figures in
PART I. ALL
Industrial groups—Continued
Manufacturing—Continued
Printing,publishing,and alliedindustries
Chemicalsand alliedproducts
Stone,clay, andglass prod-
ucts
Metal andits prod-
ucts
10
Number of returns
Receipts, taxable income:Gross sales l
Gross receipts from other operations 2_.Interest.. _.Rents
, Profit, sale of capital assetsMiscellaneous receipts__
Receipts, tax-exempt income:Dividends from domestic corporations _Interest on tax-exempt obligations 3
Total compiled receipts4
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax.Bad debts . ,DepreciationDepletionLoss, sale of capital assetsM i scellaneous deductions
Compiled net profit or deficit (10 less 20)Statutory net income less statutory deficitNet loss for prior yearIncome taxCompiled net profit less income tax (21 less 24)Cash dividends paid _Stock dividends paid
11, 665 7,056 4,109 18,108
1,003,924723,466
9,30217,6141,521
20,959
11,9713,973
5, 716,863403, 789
82, 22627,4469,521
118, 748
99,19614, 568
644,3186,4125,1012,644
5479,914
1,4802,359
5,977, 527258,25378,83827,1696,455
119, 345
39,14630, 323
1, 792, 730 6,472,359 672,775 6, 537,057
655,48189, 70130,00220,30829,37958,770
1628,972
921,376
3,965,46866, 038
141,888157,14841, 878
418,92489,99935,356
1,477, 383
468,46926,95116,62813,44910,12768,917
1,4548,185
151, 584
4,680,805174,862129, 560163,24782,413
7,25065, 691
1, 664,938
Total s tatutory deductions 1,814,151 6,414,082 765,764 7,451,056
i 21,4217 37,366
2,2947,795
7 29, 21671,53121, 793
58,2767 55,488
5,45722, 64435,632
378,93412,496
7 96,828418
1,7607 94,749
29,371105
7 913,9997 983,468
2,1759,558
7 923, 558342, 478
33, 774
For footnotes, see pp. 146-147.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME
her of returns, compiled receipts and statutory deductions,after deducting tax, and dividends paid—Continued
thousands of dollars]
RETURNS—Continued
139
net profit or deficit.
Industrial groups—Continued
Manufactur-ing— Contd.
Manufactur-ing not else-where classi-
fied
6,656
944,76716,00212, 2895,271
76418, 696
1,7641,830
1,001,383
680,89046, 04819,93413, 68120,94047,517
9710,157
272, 515
1, 111, 780
7 110,3977 113,991
8083,273
7113,67031,354
984
Construction
17,319
688,393674,911
18,12416, 5213,010
19,305
17,6524,887
1,442,802
571, 39588, 06131,60413,14117,40658,413
50615,306
734,802
1, 530,633
i 87,8307 110, 369
4,0733,639
* 91,46940, 467
2,510
Transporta-tion and
other publicutilities
21,681
10,091,186268,426158,214
12,168279,867
429,14422, 329
11,261,335
85,1071,611,883
709,19167,987
1,061,66122, 259
133,0697,249, 590
10,940,746
320, 5897 130,884
5,63898,118
222, 4711, 313, 368
19,038
Trade
132,314
22,101,953484,440
93,826109, 228
8,386299,308
36, 28612,533
23,145,961
17,609,969616,341167,837182,239277,107278,303
1,13963,120
4,706,335
23,902,391
7 756,4317 805, 250
12,10730, 644
7 787,075250, 378
10, 572
Service—Pro-fessional,
amusements,hotels, etc.
43,282
2,653,22129,039
317,2627,451
67, 363
17,5052,361
3,094, 202
155,325204, 458123,657
33, 762225, 542
36598,940
2, 648,375
3,490,424
7 396, 2237 416,088
3,7918,854
7 405,07771,977
1,442
Finance-Banking, in-surance, realestate, stock
and bondbrokers, etc.
125,120
« 3,389, 7382, 778,8291,160, 654
71,911235,175
520,607424, 745
8, 581,660
397, 7851, 382,910
427, 261561, 345300, 057
2,2511,104, 572
6 5,507, 632
8 9,683,815
7 1,102,1557 2, 047, 508
20, 45336, 576
7 1,138, 731766, 288
25, 587
business not
given
2,438
10,006889289574
1,112
2,25263
15,185
1,217830464
1,679468
47,056
14,923
26, 642
7 11,4577 13,771
56135
7 11,5921,024
45
1
?34567
89
10
111213141516171819
20
21222324252627
61684—34 10
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
140 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1932 by major industrial groups, showingstatutory net income or deficit, tax, net profit
[Money figures in
PART II. RETURNS
Industrial groups
Aggregate
82,646
20,896, 5998,067,6141,284,844
543,11747, 647
431,142
437, 001147, 468
31,855,431
15, 570, 730563, 062862, 744636,717235,938
1, 209, 63282, 620
110, 8649,845, 533
29,117, 850
2, 737.5822,153,113
88, 477286, 034
2, 451, 5472, 320,386
89,955
Agricul-ture andrelatedindus-tries
1,153
87,17937, 4012,1062,847
6181,699
1,18394
133,128
61,0762,8691,9958,007
94813, 624
150123
37, 078
125, 871
7,2575,9791,059
6756,582
10, 007359
Miningand
Quarry-ing
2,868
275,853215,358
6,6124,9976,268
21,117
7,3732,593
540,171
177, 11110, 7839,982
18,0762,206
36,16844, 2822,720
166,203
467, 531
72,64162,6758,6557, 445
65,19666, 572
166
Manufactur-ing
Total manu-facturing
14,985
11,429,847899,62577,93346,0615,380
136,738
101, 20732,941
12,729,733
8,152,483213, 257106,999131,15686, 588
404.21927,83537,137
2, 678, 409
11,838,083
891,650757, 50132, 64499,949
791, 701828, 40948, 448
10
Number of returns
Receipts, taxable income:Gross sales l
Gross receipts from other operations 2
InterestRentsProfit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income.Dividends from domestic corporationsInterest on tax-exempt obligations 3
Total compiled receipts *
Statutory deductions:Cost of goods sold.- -Compensation of officers - .Interest paid-.- . - .Taxes paid other than income taxBad debtsDepreciation-Depletion .--Loss, sale of capital assetsMiscellaneous deductions
Total statutory deductions
Compiled net profit (10 less 20)Statutory net income (21 less 8 and 9)Net loss for prior year. -Income tax..-Compiled net profit less income tax (21 less 24)Cash dividends paidStock dividends paid -
For footnotes, see pp 146-147.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 141
number of returns, compiled receipts and statutory deductions, net profit or deficit^after deducting tax, and dividends paid—Continued
thousands of dollars]SHOWING NET INCOME
Industrial groups—Continued
Food products,includingbeverages
13,629
| 4, 275, 572I 71,316
20,1107,872
762\ 41,659
! 13,413[ 6,025
4,436,729
\ 3, 248.1091 48,101
32,17837, 39019, 396
103, 072! 226! 12,262I 717,167
| 4,217,903
218, 826199, 387
16, 433i 25,201! 193,624
211,983> 6,674
Tobaccoproducts
114
768,209196,832
2,57563597
3,666
6,5192,705
981,239
555, 4905,7943,4908,1731,9936,301
4,107248, 268
833,615
147,623138, 399
3919,061
128, 56296,701
5
Manufacturing—Continued
Textiles andtheir prod-
ucts
2,467
1,176,96116,6063,2122,845
9149,524
1,4543,887
1,215,403
936,39433,7455, 5218,7978,628
33, 21821
1,712140,973
1,169, 010
46, 39341, 052
2,9135,047
41,34532,415
2,639
Leather andits manufac-
tures
468
365, 8441,0271,724
40230
1,882
528245
371, 682
294,0247,542
9982,0503,6595,257
o444
38, 247
352, 222
19,46018,687
6672,404
17,05616,238
24
Rubberproducts
96
124,128248678
1,42384
882
138158
127,739
7T,5461,5851,4071,9615,3775,838
2530,927
124, 664
3,0752,779
584301
2,7756,368
Forestproducts
541
89,2903,455
599290295
1,396
504232
96,061
67,7933,813
7551,2141,1513,037
330135
11, 826
90,054
6,0075,271
395666
5,3425,551
22
Paper, pulp,and products
473
283,0692,3101,280
451492
3,440
677740
292,459
196,8899,2383,1443,3922,014
14,849442491
43, 983
274,441
18, 01716,600
4622,237
15, 78114,432
244
1
234567
89
10
111213141516171819
20
21222324252627
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
142 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1932 by major industrial groups, showingstatutory net income or deficit, tax, net profit after
[Money figures in
PART II. RETURNS SHOW
Industrial groups—Continued
Manufactu ring—Continued
Printing,publishing,and alliedindustries
Chemicalsand alliedproducts
Stone,clay, andglass prod-
ucts
Metal andits prod'
ucts
10
Number of returns
Receipts, taxable income:Gross sales 1 -- . -Gross receipts from other operations a
InterestRents ._Profit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic corporationsInterest on tax-exempt obligations 8
Total compiled receipts *
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income taxBad debtsDepreciation..DepletionLoss, sale of capital assetsMiscellaneous deductions
Total statutory deductions
Compiled net profit (10 less 20)—_Statutory net income (21 less 8 and 9)Net loss for prior yearIncome taxCompiled net profit less income tax (21 less 24)Cash dividends paidStock dividends pa id-
2,155 1,741 424 1,917
387, 519470,865
5,33110,333
5808,781
5,0752,671
891,155
231,83729,51014,5259,325
12,44125,746
892,010
499,122
824,604
66,55158, 8042,2947,795
58,75654,86421,201
2, 540,29194, 46325, 56513, 570
79320,118
8,564
177,9741,8041,218
451108
2,612
4561,005
939,29133,937 ;9,7356,8071,02635,951
4,6086,054
2,770,256 185,627 1,037,408
1,595,03430,86233,39942,21715,159
147,02526,5438,447 !
628,336
2,527,022
243, 233167,778
5,45722, 644
220, 589272,30710,995
115,8994,678
8771,9612,038
10,987132
1,11733,207
641,70326,9896,285
10,76511,27735,973
114,993
217,653
170,897 955,647
14,73013,270
4181,760
12,97015,958
1
81,76071,0982,1759,558
72,20278,5896,489
For footnotes, see pp. 146-147.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 143
number of returns, compiled receipts and statutory deductions, net profitior deficit,deducting tax, and dividends paid—Continued
thousands of dollars]
ING NET INCOME—Continued
Manufactur-ing—Contd.
Manufactur-ing not else-where classi-
fied
960
301,7006,7625,906
982200
6,829
942654
323, 976
191, 76611, 400
i 4,420! 3,912
3,45612, 916
391,394
68, 700
298, 003
25,97324, 377
8083,273
22, 70023, 003
155
Construction
2,115
145, 549312,148
2,7412,021
9883,766
1,4561,885
470, 555
116, 94419, 9103,0832,4972,340
13, 72982
3,338274, 599
436, 523
34, 03230, 691
4,0733,639
30, 39416, 485
671
Industrial groups—Continued
Transporta-tion and
other publicutilities
6,700
4, 367, 674109,79076,6682,820
101,953
192, 57112, 525
4,863,999
34,028488, 778298, 566
35,169542,872
9 3008,246
2, 533, 776
3, 950, 736
913, 26370S, 168
5,63898,118
815,145925,834
17, 805
Trade
20,951
8 958,171201,138
29,38426, 026
3,11795, 766
15,8205,601
9,335, 023
7,063,116144, 64934, 59059, 24153,17595, 024
4566,666
1, 622,011
9, 078, 929
256, 094234, 674
12,10730, 644
225,450169, 764
7,114
Service—Pro-fessional,
amusements,hotels, etc.
7,140
809,40212,73666,4792,203
14,889
4,5461,201
911,456
47, 74626,88621,0877,206
37, 20272
2,541698, 577
841,317
70,13964, 8923,7918,854
61, 28450,912
885
Finance-Banking, in-surance, realestate, stock
and bondbrokers, etc.
26,395
«1,223,4401, 043,122
317,93925, 76255,076
112, 68090, 603
2,868,623
89,636190, 36498, 02348, 25966, 734
45250, 072
61,833, 807
« 2,377, 347
491, 276287,99220,45336, 576
454, 700252,159
14,492
Nature ofbusiness not
339
1,428420
78491138
16425
2,744
18165654761
221,072
1,513
1,2301,041
56135
1,095245
15
1
234b67
8y
10
n1213141516171819
20
21222324252627
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
144 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1982 by major industrial groups, showing numstatutory net income or deficit, tax, net profit after
(Money figures in
PART III . RETURNS SHOW
Aggregate
369,238
32,202,80211,710,9332,205,9691,382,800
94,808955,481
822,981406, 782
49,782,556
25, 726, 5811, 569,5353,180,3431,450, 6201,077,3682,483,490
163, 9141, 594,311
19,103,319
56,349,481
6, 566, 9247, 796,6871, 565, 215
53,122
Industrial groups
Agricul-ture andrelatedindus-
8,615
165,83746,3904,2596,7601,0616,893
3,918719
235,838
134,60913, 33222, 31413, 7315,221
18,3972,137
10, 216106, 206
326,163
90,32494,9623,523
125
Miningand quar-
rying
9,178
702,290349,57413,64217,6144,126
26,918
13,1334,820
1,132,117
579,97427,62869,08144,18610,315
129, 67857,37126,064
456, 911
1,401, 206
269, 090287,04235,507
1,777
Manufac-turing
Total manu-facturing
72,931
17,648,048926,696197,12885, 47021, 501
291,127
109, 72146,165
19,325,856
14, 010, 695520,891433,194416,229248, 741
1,166, 59488, 245
206,8514, 642,388
21, 733,826
2, 407,9702, 563,855
498, 08133,007
Number of returns
Receipts, taxable income:Gross sales*Gross receipts from other operations 2_InterestRentsProfit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic corporations.Interest on tax-exempt obligations3...
Total compiled receipts i
Statutory deductions:Cost of goods soldCompensation of officersInterest paid.Taxes paid other than income taxBad debtsDepreciationDepletion.. -Loss, sale of capital assetsMiscellaneous deductions
Total statutory deductions
Compiled net deficit (10 less 20)Statutory net deficit (21 plus 8 and 9)Cash dividends paidStock dividends paid
For footnotes, see pp. 146-147.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OP INCOME 145her of returns, compiled receipts and statutory deductions, net profit or deficit,deducting tax, and dividends paid—Continued
thousands of dollars)
I N G NO N E T I N C O M E
Food productsincludingbeverages
10,653
2,733,93361,50710,47111,975
99421,508
18,5652,511
2,861,464
2,124,79052,32441,44730,50721,62396,081
52946,413
633,885
3,047,600
186,136207,211
19,764454
Industrial groups—Continued
Manufacturing—Continued
Tobaccoproducts
256
60,02979
175235
9542
11954
61,242
46,9311,989
4491,035
7501,338
66113,066
66,219
4,9775,1512,197
Textiles andtheir prod-
ucts
11,872
2,596,19231,54810,29810,7701,513
19,331
2,7843,907
2,676,343
2,253,90891,61230,31535,73539,71396,555
9626,632
427,337
3,001,901
325, 558332, 24926, 563
880
Leather andits manufac-
tures
1,816
458,8152,2911,6501,791
1674,447
431453
470,046
398,34715,4305,0414,2658,9208,910
2523,556
86,238
530,959
60,91361,7974,323
68
Rubberproducts
426
482,3652,0407,4962,007
758,930
5,0222,511
510,445
351,6564,950
17, 5856,830
12,73727,059
601,265
122,288
544,430
33,98441,51712,937
663
Forestproducts
5,929
704,70620,2508,4356,5201,927
13,604
2,6891,427
759,558
620,09134,78327,11623,59219,14845,05614,65414,186
169,204
967,831
208,274212,38911,922
464
Paper, pulp,and products
1,582
671,3848,890
18,6014,169
7149,394
4,5241,198
718,875
540,09919,64332,73614,6125,483
47,822505
3,737129,590
794,226
75,35181,07311,428
167
1
235567
89
10
111213141516171819
20
21222324
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
146 STATISTICS OF INCOME
TABLE 13.—Corporation returns for 1932 by major industrial groups, showingstatutory net income or deficit, tax, net profits after
[Money figures in
PAKT III . RETURNS SHOW
10
Printing,publishing,and alliedindustries
Number of returns
Receipts, taxable income:Gross sales l
Gross receipts from other operations 2.InterestRents. .Profit, sale of capital assetsMiscellaneous receipts -
Receipts, tax-exempt income:Dividends from domestic corporations.Interest on tax-exempt obligations 3-_-
Total compiled receipts *
Statutory deductions:Cost of goods soldCompensation of officersInterest paid __ '_ —Taxes paid other than income taxBad debtsDepreciation. _DepletionLoss, sale of capital assetsMiscellaneous deductions
Total statutory deductions
Compiled net deficit (10 less 20)Statutory net deficit (21 plus 8 and 9)Cash dividends paidStock dividends paid
Industrial groups—Continued
Manufacturing—Continued
9,510
616,405252,6013,9717,281941
12,178
1,302
901, 575
423, 64460,19115,47810,98316,93833,024
736,962
422,254
19,547
87,97296,17016,667
593
Chemicalsand alliedproducts
5,315
3,176,573309,32656, 66113,8778,72898,630
32,3056,004
3,702,103
2,370,43435,175108,489114,93126,719271,90063,45726,909869,047
3,887,060
184,957223, 266106,6271,501
Stone,clay, andglass prod-
ucts
3,685
466,3444,6093,8822,193439
7,302
1,0251,354
487,148
352,57022,27315, 75011,488
57,9301,3227,068
118,377
594,867
107,719110,09813, 413
103
Metal andits prod-
ucts
16,191
5,038, 236224,31669,10320,3635,430
83,394
34, 53824,269
5,499,649
4,039,102147,873123,275152,48271,137
446,3177,239
60,6991,447,285
6, 495,408
995, 7591, 054,566
263,88927, 285
1 Gross sales where inventories are an income-determining factor. For cost of goods sold, see statutorydeductions.
2 Gross receipts from operations where inventories are not an income-determining factor. Costs areincluded under "Miscellaneous deductions."
8 Includes obligations of States and Territories or minor political subdivisions, securities issued under theFederal Farm Loan Act, and obligations of the United States or its possessions.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 147number of returns, compiled receipts and statutory deductions, net profit or deficit,deducting tax, and dividends paid—Continuedthousands of dollars]
ING NO N E T INCOME—Continued
Industrial groups—Continued
Manufactur-ing— Contd.
Manufactur-ing not else-where classi-
fied
5,696
643,0679,2396,3834,289
5641,867
8221,176
677, 407
489,12434, 64815, 5149,769
17, 48534,602
588,763
203,816
813, 777
136,370138, 367
8,351829
Construction
15,204
542,844362,763
15, 38314, 5002,022
15,539
16,1963,002
972, 247
454,45168,15028,52210, 64315, 06644,684
42311,968
460, 203
1,094,110
121,862141,06023, 982
1,839
Transporta-tion and
other publicutilities
14,981
5,723,512158, 63781,5479,349
177,914
236,5739,805
6, 397, 336
51, 0781,123,104
410, 62532,817
518, 78912, 959
124,8234, 715,814
6, 990, 010
592, 674839, 051387, 534
1,234
Trade
111, 363
13 143,783283,301
64,44283,201
5,269203, 542
20, 4676,933
13,810,938
10 546,853471,691133, 247122, 999223,932183, 279
68356, 454
3,084, 324
14,823, 462
1,012, 5241,039, 924
80, 6143,458
Service—Pro-fessional,
amusements,hotels, etc.
36,142
1,843,81916,303
250, 7825,248
52, 475
12, 9591,160
2,182,746
107, 579177,572102,57026, 557
188, 340294
96, 3991,949, 797
2, 649,107
466, 361480,481
21,066558
Finance-Banking, in-surance, realestate, stock
and bondbrokers, etc.
98,725
6166,2981,735, 707
842, 71546,149
180, 099
407,927334,141
5, 713,037
308,1491,192, 546
329, 238513,086233,324
1,8001, 054, 500
• 3, 673, 826
6 7, 306, 468
1, 593, 4312, 335, 500
514,12911,095
Nature ofbusiness not
2,099
8,57946921183
974
2,08838
12,441
1,036764399
1,633407
47,034
13,851
25,128
12,68714,813
77930
1
?34567
89
10
11121314151617IS19
20
21222324
* Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts fromthese items. Excludes nontaxable income other than interest on tax-exempt obligations and dividendson stock of domestic corporations as reported in schedule L of the return.
5 Includes for a limited number of returns the cost of securities purchased for customers.e Includes special nonexpense deductions of life insurance companies. (See p. 22.)7 Deficit.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showingnumber of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corporations
[Money figures in thousands of dollars][For text defining certain items and describing returns included, see pp. 1-5]
Ser
ial
nu
mb
er
j
1
2
3
4567
8
910
1112
1314
15
16
Industrial groups
Agriculture and related industries:Farming—Cotton, grain, stock; horticulture and
all other farming; lessors.Kelated industries—Forestry, fishing, ice harvesting,
and other related industries; holders and lessors.Total agriculture and related industries
Mining and quarrying:Metal mining—Iron, copper, lead, zinc, gold, silver,
quicksilver.Coal:
AnthraciteBituminous, lignite, and peat
Oil and gasOther minerals—Asbestos, clay, granite, precious
and semiprecious stones, salt, etc.Mining and quarrying, n.e.c, lessors and holders—
Total mining and quarryingManufacturing:
Food products, including beverages:Bakery and confectionery products __ _.Canned products—fish, fruit, vegetables, poul-
try, etc.Mill products—Bran, flour, feed, etcPacking-house products—Fresh meats, ham,
lard, bacon; meat canning, byproducts, etc.Sugar—Beet, cane, maple, and productsBeverages—Soft drinks, cereal beverages, min-
eral water; wines; distilling.Other food products—Artificial ice, butter sub-
stitutes, cereals, coffee, spices, dairy products,etc.; food products, n.e.c.
Total food products, including beveragesTobacco products
Totalnumber
of returns
9,639
1,338
10,977
595
1121,8973,7641,849
9,001
17, 218
3,6471,811
1,235793
2302,439
4,813
14, 968
382
Returns showing net income
Number
1,001
152
1,153
80
32289
1,102294
1,071
2,868
675312
346178
69502
1,547
3,629
114
Gross in-come l
$125, 497
7,537
133,034
72, 321
76, 74284,195
191, 54786,843
25,930
537, 578
555, 629164, 007
366, 2531,486, 461
404, 490142, 608
1,311, 256
4,430, 704
978, 533
Net in-come
$5,278
701
5,979
9,973
1,5605,956
24, 28810,877
10, 021
62, 675
34, 51321,086
16,07018,141
25, 72418, 483
65, 371
199, 387
138, 399
Net lossfor prior
year
$890
168
1,059
3,597
96319
3,728498
418
8,655
308322
19813, 610
486403
1,106
16, 433
39
Incometax
$605
70
675
879
206777
2,8311,433
1,319
7,445
4,7372,830
2,190622
3,3442,484
8,995
25, 201
19, 061
Returns showing no net income
Number
7,684
931
8,615
470
751,5752,5751,483
3,000
9,178
2,8371,375
832596
1411,776
3,096
10, 653
256
Gross in-come *
$203,950
31,170
235,120
189,462
189, 455385, 503242,181101, 639
19,057
1,127, 297
438, 677328,491
192, 5571,109, 554
159, 292118,417
511, 966
2,858,953
61,188
Deficit
$78, 672
16,290
94,962
88, 579
18, 25757,12371, 04828, 578
23, 457
287,042
27, 81051,972
8,39419,108
53, 78616, 796
29, 344
207, 211
5,151
Numberof returnsshowing
no incomedata—In-active cor-porations
954
255
1,209
45
5338772
4,930
5,172
135124
5719
20161
170
686
12
ber
Sn31
i
2
3
4567
8
910
1112
1314
15
16
o
3o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28
Textiles and their products:Cotton goods—Dress goods, plain cloth, etc.;
napping and dyeing.Woolen and worsted goods—Wool yarn, dress
goods; wool pulling, etc.Silk and rayon goods—Silk fabrics; spinning, etc.Carpets, floor coverings, tapestries, etcTextiles, n.e.c., cord, felt, fur, hospital and surgi-
cal supplies, linen, other textiles, etc.Clothing—Custom-made, factory-made, coats,
underwear, millinery, and clothing, n.e.c.Knit goods—Sweaters, hosiery, etc
Total textiles and their products-
Leather and its manufactures:Boots, shoes, slippers, etcOther leather products—Gloves, saddlery, har-
ness, trunks; finishing and tanning leather, etc.
Total leather and its manufactures
Rubber products:Tires and tubes, etcOther rubber goods—Boots, shoes, hose, and
artificial rubber.Bone, celluloid, and ivory products.- __.
Total rubber products.
Forest products:Saw-mill and planing-mill productsOther wood products—Carriages, wagons, furni-
ture, baskets, etc.
Total forest products
Paper, pulp, and productsPrinting, publishing, and allied industries
834
758152
3,754
7,365
1,21814, 637
1,1531,178
2,331
73366
105
544
2,9463, 761
6,707
2,09712,100
187
78
J4520
530
1,210
297
2,467
298170
468
186355
541
4732,155
182, 741
43,409
167,6006, 305
228,813
437,864
144, 7841,211,516
301, 89169, 547
371, 438
105,63118,614
3,337
127, 581
21, 37974, 451
95,829
291, 719888, 484
8, 273
2, 069
4,344299
11, 888
9,036
5,14241, 052
15,1673,521
18, 687
1,777951
50
2, 779
7224, 548
5,271
16, 60058,804
216102523
594
394
2,913
227440
51263
584
181214
4622,294
884
267
56027
1,550
1,139
6215,047
2,039365
2,404
174121
6
301
70596
666
2,2377,795
628
453
588130
3,149
6,045
87911,872
829
1,816
54284
88
426
2,6333, 296
5,929
1,5829,510
419, 309
250, 360
240, 97285, 540
451, 573
944, 751
279,932
2, 672,436
284, 485185,108
469, 593
422, 92273,824
11,189
507, 935
363, 448394, 684
758, 131
717,678900, 273
61,936
39, 260
31,47115,82261,796
90,164
31, 799
332,249
26,91234, 885
61, 797
29,95710, 209
1,352
41, 517
124,80387, 586
212, 389
81, 07396,170
19
25
252
75
110
42
2621
711
4
22
127110
42435
17
IS
192021
22
23
2425
2627
2930
3132
SHI
Iw
oo
For footnote, see p. 153.
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 14.—Corporation returns for 1932 by major industrial groups and subgroups and by returns with net income and no net income, showingnumber of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora-tions —Continued
[Money figures in thousands of dollars]Se
rial n
um
333435
36
37
38
394041
424344
4546474849
50
Industrial groups
Manufacturing—Continued.Chemicals and allied products:
Petroleum and other mineral oil refiningChemicals proper, acids, compounds, etc ._. . . .Allied chemical substances—Drugs, oils, paints,
soaps, and other chemical substances n.e.c.Fertilizers _.
Total chemicals and allied products
Stone, clay, glass, and related products
Metal and its products:Iron and steel—Products of blast furnaces, roll-
ing mills, foundries, etc.Locomotives and railroad equipmentMotor vehicles, complete or parts. _ _Factory machinery—Food-production machin-
ery; leather, metal, paper, printing, textile,and woodworking machinery.
Agricultural machinery and equipmentElectrical machinery and equipment-.Miscellaneous machinery—Building, construc-
tion, gas, and mining machinery and equip-ment.
Household machinery and equipment, etcOffice equipment, etc _ __„ _Metal building material and suppliesHardware, tools, etc - ___Precious-metal products and processes; jewelry,
etc.Other metals, products, and processes; combina-
tions of foundry and machine shop.
Total metal and its products
Totalnumber
of returns
671294
6,169
309
7,443
4,268
2,607
141702
1, 362
494730
2,641
1,111342
1,7192,473
855
3,700
18, 877
Returns showing net income
Number
140100
1,442
59
1,741
424
203
1568
169
35110241
12836
142274
78
418
1,917
Gross in-come i
$1,178,141441, 223
1,128, 475
13,853
2, 761,691
184, 622
56,893
9,02419, 29677, 480
5,72083,18248,136
158, 40457, 20726, 35499, 00135, 081
355, 575
1,031, 353
Net in-come
$36,89121, 793
108, 720
373
167, 778
13, 270
2,168
7041,6298,072
2452,8432,908
5,7549,225
70311,882
648
24, 317
71, 098
Net lossfor prior
year
$4, 21035
1,172
40
5,457
418
237
5126103
1753
424
2464699
26753
498
2,175
Incometax
$4,6303,120
14,853
42
22, 644
1,760
247
96202
1,134
28387340
7791,318
821,589
81
3,274
9,558
Returns showing no net income
Number
465178
4,437
235
5,315
3,685
2,326
121601
1,150
417583
2,251
929294
1,5282,091
750
3,150
16,191
Gross in-come 1
$3, 034, 74539, 727
549, 450
72,177
3, 696, 099
485, 794
1, 258,140
92, 2851,454, 773
222, 676
168, 405401,062389, 772
173, 643128,673293,943315, 312117, 594
459,103
5, 475, 380
Deficit
$146, 8834,146
63, 594
8,643
223, 266
110,098
274, 047
23,807200,891
54, 398
47, 60535,649
117,937
26, 01722,96471, 36382,93828, 983
67,968
1, 054, 566
Numberof returnsshowing
no incomedata—In-active cor-porations
6616
290
15
387
159
78
53343
4237
149
541249
10827
132
769
Seria
l num
ber
333435
36
37
38
394041
424344
4546474849
50
3o
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
53
59
62
Manufacturing not elsewhere classified:Radios, complete or partsMusical, professional, and scientific instruments;
optical goods; canoes; electric launches; etc.Airplanes, airships, seaplanes, etc...^
Total manufacturing not elsewhere classified..
Grand total manufacturing _Construction:
Building and construction above ground:Installing machinery, moving, wrecking, razing,
etc.Other construction underground and on sur-
face—Bridge building, waterfront construc-tion, related industries, etc.
Shipbuilding and repairing
Total construction.Transportation and other public utilities:
Transportation and related activities:Steam railroadsElectric railways—Pullman cars; refrigerator,
stock, poultry, and fruit cars; lessors.Water transportation and related activities-
Ocean and fresh-water lines, canals, docking,drawbridge operating, lighterage, salvaging,piloting, wharfing; lessors.
Aerial transportationAutobus lines, taxicabs, and sightseeing com-
panies.Cartage and storage—food storage; packing and
shipping; local transportation and related in-dustries, n.e.c.
Total transportation and related activities..
Other public utilities:Electric light and power companies, and com-
bined electric light and gas companies.Gas companies, artificial and naturalTelephone and telegraph companiesRadio broadcasting companiesWater companiesAll other public utilities—Terminal stations,
pipe lines, toll bridges and toll roads, irrigationsystems, etc.
Total other public utilities
Total transportation and other public utilities.
For footnote, see p. 153
2277,135
133
7,495
91,849
12,601
6,191
254
19, 046
536999
1,905
7662,387
9,185
15, 778
998
5603,307372
1,5741,449
8,260
24, 038
44903
13
960
14,985
1,223
860
32
2,115
101330
487
55279
2,299
3,551
436
1991,232
84779419
3,149
6,700
9,170305,112
9,039
323, 322
12, 696, 792
166,198
266, 762
35, 710
468, 670
497, 026273,178
147, 313
39, 87144, 788
206,169
1, 208, 345
1, 527,122
517,8131,310,715
20, 548121,313145, 018
3, 643,129
4,851, 474
65323,411
313
24,377
757, 501
5,594
20, 701
4,395
30, 691
60, 73978, 881
13, 253
3,6323,222
22, 979
182, 707
262, 634
63, 253147,9262,7649,66039, 225
525, 461
708,168
97654
57
808
32, 644
1,206
1,749
1,118
4,073
1201,019
574
363128
634
2,837
1,360
632473761521
2,801
5,638
503,188
35
3,273
99, 949
591
2,597
450
3,639
8,40010, 757
1,754
473427
3,045
24,857
36, 300
8,94521,103
3691,2265,318
73, 261
98,118
1615,442
89
5,696
72, 931
10, 593
4,407
204
15, 204
415388
1,215
5531,942
6,379
10,892
401
3141,806265594709
4,089
14,981
62, 598592, 753
20,880
676,232
19, 279, 691
548,844
381,122
39, 280
969, 246
3,174, 356439,493
177,913
23,925131, 714
415,153
4, 362, 555
1,058,455
215,015192, 26788,63124,122446, 487
2, 024,977
6, 387, 532
13, 965115,081
9,321
138,367
2, 563,855
77,875
57,224
5,960
141,060
396,81189,032
34,468
9,66119,679
36,822
586,473
133,715
30, 22427,8908,5787,12445,048
252, 578
839,051
22786
31
839
3,933
785
924
18
1,727
20281
203
158166
507
1,335
161
4726923201321
1,022
2,357
5152
53
54
55
56TilI
57 g58 5
59 GO
o60 _61 *z
62 c
63
6465666768
h-
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 14.—Corporation returns for 1982 by major industrial groups and subgroups and by returns with net income and no net income, showingnumber of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactive corpora-tions—C ontinued
[Money figures in thousands of dollars]
to
Seria
l num
ber
6970717273
74
75767778
79
80
81
Industrial groups
Trade:WholesaleRetail - -Wholesale and retailCommissionAll other trade—Auto wreckers, film exchanges,
pneumatic tubes, trading stamps, garages for stor-age, repair service, etc.
Total trade . . .
Service:Domestic service—Laundries, hotels, restaurants,
etc.Amusements:
Theaters, legitimate, vaudeville, etcMotion-picture producers _ _Motion-picture theatersOther amusements—Circuses, golf links, race
tracks, pleasure resorts, etc.
Total amusements
Professional service—Curative, educational, engi-neering, legal, etc.
Business service—Detective bureaus, trade shows,mimeographing, publishing directories, advertis-ing, etc.
Other service n.e.c—Auto camps, cemeteries, boardof trade, newspaper syndicates, photographers;concessionaires of amusements, cloakrooms, etc.
Total service. . __.. . „ .
Totalnumber
of returns
24,27879,78110,0606,293
15,565
135,977
19,962
536218
2,6625,214
8,630
7,242
6,235
5,499
47,568
Returns showing net income
Number
5,02710,534
2,0151,3851,990
20,951
2,198
7844
587542
1,251
1,135
1,271
1,285
7,140
Gross in-come i
$3, 299,4934,523,147
970,141298,901237, 740
9,329,422
339,963
9,74014,349
180,37420,180
224, 643
59,822
230,159
55,668
910,255
Net in-come
$67,177125, 68523,8759,5498,387
234, 674
20,066
1,3071,145
13, 6831,444
17,579
5,661
16,850
4,235
64,392
Net lossfor prior
year
$6,4013,024
755913
1,014
12,107
1,030
230181257247
915
1,014
572
259
3,791
Incometax
$8,20417,0623,1971,186
995
30, 644
2,689
147135
1,814161
2,257
1,131
2,237
540
8,854
Returns showing no net income
Number
18,79967,335
7,9264,659
12, 644
111, 363
17,009
341151
1,9953,893
6,380
5,021
4,338
3,394
36,142
Gross in-come l
$4, 710,0406,598,761] , 440,270
393, 062661,873
13,804,005
1,145, 602
27, 664176,446325,11692,783
622,010
112,802
225,951
75,221
2,181,586
Deficit
$266,241556,928107, 94631,82776,983
1, 039,924
251,834
22,00931,34473,01924,437
150,809
24,133
44,659
9,045
480,481
Numberof returnsshowing
no incomedata—In-active cor-porations
4521,912
119249931
3,663
755
1172380
779
999
1,086
626
820
4,286
Seria
l num
ber
6970717273
74
75767778
79
80
81
Io
3o
i
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
8283
8485
86
8788
89
90
Finance:Banking and related industries:
National banksState and private banks, savings banks, loan
and trust companies.Joint-stock land banksStock and bond brokers, investment brokers,
investment bankers, and investment trusts.Real estate and realty holding companies-
Realty development, holding, or leasing;realty trust, etc.
Total banking and related industries—
Insurance companies:Life insurance—Mutual or stock companies _Other insurance—Accident, casualty, fire, ma-
rine, title, etc.
Total insurance companies
Other finance:Loan companies—Building and loan associa-
tions; mortgage, note, or pawn brokers; insur-ance agents, promoters, stock syndicates,foreign exchange, and finance, n.e.c.
Total finance
Nature of business not given _
Grand total
6,80415,487
343,887
84,994
111, 206
6221,683
2,305
30, 294
143,805
18,158
508, 636
7522,394
1669
14,368
18,184
239517
756
7,455
26,395
339
82, 646
76,176148,740
626455,092
371,431
1,052,065
715,015595,091
1,310,106
415,848
2,778,019
2,719
31,707,963
5,35310,928
3312, 277
73,670
102, 260
78, 68634, 850
113,537
72,195
287,992
1,041
2,153,113
1,3331,221
4,374
6,981
13,909
192,942
2,961
3,584
20,453
56
88,477
5521,310
1,064
9,103
12,030
10,8114,344
15,155
9,391
36,576
135
286,034
5,46110, 281
303,017
59,942
78, 731
3331,015
1,348
18, 646
98, 725
2,099
369, 238
724, 684951, 828
4,990757,062
952, 968
3, 391,532
167, 6451,043, 677
1, 211, 323
776,041
5,378, 896
12,403
49, 375, 775
216,109278,911
21, 261360,882
565,014
1,442,178
23,706218,687
242,393
650,929
2,335,500
14,813
7, 796,687
5912,812
3201
10,684
14,291
50151
201
4,193
18, 685
15, 720
56,752
8283
8485
86
8788
89
90
i Gross income and deductions correspond to total income and total deductions (items 13 and 25, respectively, on face of return) plus, in each instance, cost of goods sold and costof operations (items 2 and 5, respectively, on face of return).
NOTE,—N.e.c, not elsewhere classified.
Io
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
154 STATISTICS OF INCOME
TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major1932, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid
[Money figures in[For text defining certain items and
Industrial groups
Aggregate
Netincome
No netincome
Agriculture andrelated industries
Netincome
Nonetincome
Mining andquarrying
Netincome
Nonetincome
Number of returns with balancesheets.1
Assets:2
Cash 3Notes and accounts receivable..InventoriesInvestments, tax exempt4
Investments other than taxexempt.5
Capital assets—lands, build-ings, equipment (less depre-ciation).
Miscellaneous assets
Total assets.
Liabilities: 2
Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits..
Less deficit
Total liabilities..
Receipts, taxable income:Gross sales6
Gross receipts from other opera-tions. 7
Interest _.RentsProfit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic cor-
porations.Interest on tax-exempt obliga-
tions.4
Total compiled receipts 8__-Statutory deductions:
Cost of goods soldCompensation of officersInterest paidTaxes paid other than income
tax.Bad debtsDepreciationDepletionLoss, sale of capital assetsMiscellaneous deductions
Total statutory deductions. -
Compiled net profit or deficit (26less 36).
Statutory net income or statutorynet deficit.
Net loss for prior yearIncome taxCompiled net profit less income tax
(37 less 40).Cash dividends paidStock dividends paid
73,291 318,730 920 6,796 2,411 7,609
4, 041, 5618, 407,4933, 594,4983, 584, 561
26,834, 366
32,903,114
4, 706, 989
11,875,64031,156, 045
8,777,9618,332,303
48, 795.892
75, 650,038
11,422,463
84,072, 582 .96,010,341
4, 626, 07911,183,95425, 256, 5925, 652, 463
23, 259, 43914, 638, 235
544,181
15, 936,19436,126, 46053, 385,12713, 423,43055,153, 66031,025,5119,040,041
84, 072, 582.96, 010, 341
20, 729,9097,852, 0871, 267,765525,18844, 72:
424, 323
431, 78:
145, 57C
31, 660, 77010, 983,165
2,150, 3701, 287,830
91, 572
931,461
774,914
399,125
31, 421,34- 48, 279, 207
15,435,094550,170852,165626,90C
233,87(1,198, 512
82, 326105, 548
9,640,02S
25, 274,1351, 513, 53!3, 054,11J1, 384, 93:
1,050,75'2,425, 20c
159,97C1,432, 53C18,191, 502
28, 724,60
2, 696, 738
2,119, 387
84, 739282, 059
2, 414, 6792,309,858
89, 936
54,486, 67J1 6, 207, 46'
•i 7, 381, 506
1, 544, OSt52,486
30, 67332, 56719,8366,112
274,097
32,029
20,126135,000130, 24815,409
246,839
1, 065, 797
94,932
434, 303 1, 708,351
30, 72324,42975, 3144,997
216, 60293, 68611, 449
339,109209, 600125,11391,090838,962333, 090228, 613
434, 303 1, 708, 351
86,42236, 690
2,0282,762
558
1,605
82S
94
159, 29841, 294
4,1566,1391,0126,392
3,858
716
130,98: 222,865
60, 58€2,731,93C7,92£
313, 561
14£12c
36,42!
129,01S12,41i21, 23612, 794
4,17, 65£2,1029,12t
97,08S
124,37
5,692
970647
5,961
10,002359
306,427
» 83,56:
» 88,13,
3,50C125
76,042151, 228103,44962,909
236,366
1, 340, 360
106,14:
159, 737364, 246288,63176, 799989,672
5,074,400
455,40'
2, 076,49' 7,408,89:
97, 607143, 528330,088157, 23'936, 241506,133
94, 337
669, 901813, 369443,082349,490
4,016, 6951,903, 352
786,998
2, 076, 497 7,408,892
274,923213,552
6,40£4,92C6,20£
20,86:
7,36'
2,59;
698, 203338,774
13, 50917,4803,90
26,103
13,106
536,833 1,115,83:
176,10,59S9,923
17, 94
2,2036,02744,063
2,719165,084
576,89C26,""68, 3 *43, 66'
9,842128,24(
55, 22,23, 78(
440, 59^
465,03 1,373,48,
71,800 " 257,65:
61,839
7,34364, 457
66, 397366
i 275, 51'
35,44'
For footnotes, see p. 158-159.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 155
industrial groups, showing number of returns, assets and liabilities as of Dec. 31,deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]describing returns included, see pp. 1-5]
Industrial groups—Continued
Manufacturing
Total manufacturing
Netincome
No netincome
Food products ineluding beverages
Netincome
No netincome
Tobacco product
Netincome
No neincomi
Textiles and theirproducts
Netincome
None tincome
Leather and itsmanufactures
Net No netincome
14,27< 67,807 3,405 9,58C 2,40 11,06 1,73'
1, 216, 501, 992, 032, 048, 05!
824, 76<2,990,17:
5,877, 54!
1, 343,18:
2,126, 7024, 549, 3665, 261,8991, 049, 2246, 787,044
19, 744,808
3, 212,160
323,174394, 402430,133134, 342494,016
1, 536,452
307, 475
16, 292, 26! 42, 731, 203 3, 619,994
132, 24«383,18'402, 23952, 306
435, 58.
1, 509, 95i
281, 922
159, 65i116,91318,88884, 286118, 2
79, 911
127, 646
7, 50?9,65C34,0632,3733,16*
15,74
28,14:
96, 36;156,62186,00117,88!81,67:
430, 75£
43, 67!
210, 96388, 7'594, 64!102,65t260,22£
1, 574, 701
196,8
44, 50'67, 94;63, Oil6,0
25, 6
76,89£
15,496
31, 56286, 253145,14,8234 1 , •"
133,114
49, 907
3,197, 4 1, 005, 56' 100, 65: 1,112,98' 3, 328, 78C 299, 53' 502, 512
1, 224,939,087
1,006, 5941, 683, 2726, 509, 05:5, 013,11<
83, 76,
4, 282, 3624, 287, 2353, 307, 2214, 924, 09518, 069, 61010, 290, 8572, 430,178
280, 723303, 813177, 088568, 969
1, 347, 976962, 94021,515
488, 22S449,84C187,840378,011
1, 365,802588, 257260, 537
23, 78,69, 79C58,93'
116, 64:416, 78'319, 718
7,4351,812,266
30, 07943, 92418,8113,680
101, 38229, 90C
133,88,425, 901361, 41f8,36:
431,17.180,01167, 964570,024
1, 610, 43<753,15£383, 99'
20,17'3,25:16, 42451, 096135, 08775,441,943
16, 292, 262 42, 731, 203 3, 619, 994 3,197, 441 1, 005, 567 100,651 1,112,9 3, 328, 78C •9, 534
73, 56822,12930, 358
109, 754236,99797,00667, 300
502, 512
11, 383, 635894,144
77, 56'45, 99:5,189
136, 293
101,122
32, 913
17, 515, 765909, 787
196, 30084, 92221, 387
289,879
109, 484
46,120
4,261,618 2,703,940
12, 676,854 19,173, 644
8,121,242211, 391106, 586130, 724
86, 260402,46627, 83137,104
2, 665,132
13,897,145512, 625428, 408413, 554
245, 6131,159, 572
86, 575193, 845
4, 592, 793
70, 695
19, 9307,855694
41, 504
13,409
6,016
4, 421,721
3, 238, 29047, 69932, 08837,237
19, 282102, 497
22612, 258
713, 839
59,189
10, 44311,871
95"
21, 388
18, 554
2,504
761, 799196,832
2,53863597
3,665
6,519
2,705
59, 62657
174234
9
541
119
54
1,172, 41$16, 41C
3,2042,841913
9,477
1,454
3,
2, 563, 39629, 34:
10, 22810, 6841,50019,3
2,722
3,906
365, 0201,017
1,72<40228
1,856
528
245
453, 4712,228
1,6401,763167
4,392
430
2, 828,847 974,791 60,813 1, 210, 605 2, 640, 914 370,820 464, 552
2,100, 05751, 06940, 51829,871
21, 37794, 639
52945, 600625, 326
550,1935,7933,46'8,172
1,9926,301
46,6071,947
1,032
7131,335
4,107247, 215
66112,974
932, 69133, 5735,4918,784
8,59433,159
211,711
140, 329
2, 223, 97089, 61130,06835, 512
38, 96396,108
9325, 687
419, 710
293, 3717,502996
2,049
3,6535,246
2441
38,156
392,08815, 2744,84,202
8,7108,843
25:3,350
85, 630
25
26
11, 788, 736 21, 530,129 4, 203, 415 3, 008, 985 827, 238 65, 718 1,164, 353 2, 959, 721 351,416 523, 332
888,118
754,084
32, 31099, 529788, 589
826, 796
2, 356, 485
2, 512, 088
218, 305
198, 881
16, 39525,138
ii 180,139
n 201,197
497, 32032, 931
193,167
211,9036,674
147, 552
138, 327
3919, 052
4,904
5, 078
19, 716454
128, 501
96, 6215
2,197
46, 253
40,911
2,8945,033
41, 22032, 4112,639
318, 807
325, 436
26, 4768791
19, 403
18, 631
6532,39817, 005
16,17924
58, 780
59,664
4, 314
61684—
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
156 STATISTICS OF INCOME
TABLE 15.—Returns of corporations submitting balance sheets for 1932 by major1932, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid—Continued
[Money figures in
Industrial groups—Continued
Manufacturing—C ontinued
Rubber products
Net Nonetincome
Forest products
Netincome
Nonetincome
Paper, pulp andproducts
Netincome
Nonetincome
Number of returns with balance sheets L
Assets:*Cash 3Notes and accounts receivableInventoriesInvestment, tax-exempt <Investments other than tax exempt«.Capital assets—lands, buildings,
equipment (less depreciation).Miscellaneous assets
95 520 5,627 468
17, 73621, 66130,4984,02431,27074, 420
3,330
60,840210,847101, 32914, 279
205,185346,084
92,413
8,63624, 32619,6245,75815,23246,585
8,765
68,464302, 379318, 066
311,9891,401,698
134, 245
30, 11145, 71242, 78019, 60348,413216, 554
33, 729
52,443137,565161,10425, 325442,124965, 513
122, 799
Total assets. 182,939 1,030,977 128,926 2,575,499 436,902 1,906,873
Liabilities:»Notes and accounts payableBonded bebt and mortgagesMiscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits.
Less deficit...
5,99320,6688,28450, 86139, 67357,887
427
197,676199,13642, 738186, 880409, 827102,912108,192
16, 4254,6266,20811,61855,36939,0274,347
349, 746248,815171,,171, 417
1,169, 501725,147260,723
21,94739, 58915,41654,123179,157128, 368I,'""
150,090298,995100,386290,993724, 759393, 71452,065
Total liabilities I 182,939 1,030, 977 128, 926 2, 575, 499 436,902 1,906,873
Receipts, taxable income:Gross sales 8
Gross receipts from other opera-tions.7
InterestRents.__Profit, sale of capital assetsMiscellaneous receipts _
Receipts, tax-exempt income:Dividends from domestic corpora-
tions.Interest on tax-exempt obligations *.
Total compiled receipts 8
Statutory deductions:Cost of goods sold. __Compensation of officersInterest paidTaxes paid other than income tax.Bad debts... _DepreciationDepletionLoss, sale of capital assetsMiscellaneous deductions
Total statutory deductions-
Compiled net profit or deficit (26 less36).
Statutory net income or statutory netdeficit.
Net loss for prior yearIncome tax _Compiled net profit less income tax (37
less 40).Cash dividends paid _ _Stock dividends paid _
124, 079 482, 280248! 1 <?on248
6781,423
84882
138
158
127, 690
77, 5101,5831,4061,9615,3775,838
2530,919
124, 619
3,071
2,775
584300
2,771
6,368
1,S
7,2,007
75
8,930
5,022
2,511
88,8423,447
583289232
1,395
503
232
698,65319, 908
8,4076,4811,896
13, 507
2,688
1,422
280,8252,310
1,272450492
3,432
677
739
664,4438,853
18, 5894,166
714
9,378
4,524
1,198510, 307 95, 523 752,962 290,197 711,865
351, 5904,941
17,5846,828
12, 73527, 059
601,265
122,199
67, 4353,799
7461,2031,1493,023
330135
11, 771
614, 24934, 39826,94323,45418, 91444, 79414, 58510, 535
165, ,r~"
195, 7039,1483,1393,3422,003
14, 658442491
43,457
534,13319, 47931, 75114,5315,443
47,519505
3,713128,829
544, 261 89, 590 953, 734 272, 385 785,903
12,937663
5,933
5,198
389656
5,276
5,422
200, 772
i 204,882
11,921427
17,812
16,396
4572,210
15,603
14,154244
ii 74,0
ii 79,760
11,415167
For footnotes, see pp, 158-159.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 157industrial groups, showing number of returns, assets and liabilities as of Dec. 31,deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued
i
Printing, publish-ing and alliedindustries.
Netincome
1,993
65,058379,535
48, 32262, 975
429, 370492, 795
253,114
1,731,168
337, 473165, 591
65, 293120. 019483, 203570, 467
i 10,878
J 1,731,168
! 377.2121 467,298
5,28410, 309
5478,705
5,003
2,669
877, 027
225,71128, 756
: 14. 2959, 208
12,32225, 145
891, 987
494, 036
811,550
65,477;
57,805:
2,258i 7,662
57, 815
54,17121, 201
No netincome
8,596
48,836189, 21595,18725,028
180, 794411,177
252, 991
1, 203, 229
226, 500138, 692
91, 967121, 746477,582269,533122, 792
1, 203, 229
607, 246246, 778
3,8847,239
93311,939
6,852
1,301
886,173
417,10358, 52515,27110, 85816, 67832, 527
736, 047
413, 234
970, 316
" 84,143
ii 92, 297
16, 614-593
Manufacturing—Continued
Chemicals andallied products
Netincome
!
1,651
286,918453,486573,085139,341
1,399,7692,129,399
377, 215
5,359, 213
262,029252, 534375, 267351,321
2, 465,9041, 673, 629
21, 471
5,359, 213
2, 536, 72493, 579
25, 51413, 557
78920, 050
66, 888
8,549
2, 765, 649
1, 593, 53030, 69133, 38642,17015,137
146,91926, 5438,447
626, 712
2, 523, 534
242,115
166, 678
5,44722, 495
219, 620
272,02210, 995
Nonetincome
4,821
305, 299799,339773,92596, 525
2,058,7753,584,125
547,994
8,165, 981
768,405909, 528407,63<510,109
4, 016,5581,846, 716
292, 970
8,165, 981
3,160,401304,868
56, 42413, 7808,727
98, 463
32, 290
6,002
3, 680, 954
2, 359, 71134, 600
107,845114,14826,476
269, 46862, 07826, 555
858, 623
3,859, 504
ii 178, 549
ii 216,841
106, 5321,501
Stone, clay, andglass products
Netincome
411
23,51837,11043,94527,45158,586
135,266
19,296
345,174
19,4377,795
18,09:45, 264
132, 029124, 010
1,453
345,174
177,1681,773
1,218450106
2,612
456
1,005
184, 787
115, 4594,661
8751,9412,037
10, 898128
1,11732, 978
170, 093
14, 695
13, 234
3871,760
12, 935
15, 9581
Nonetincome
3,459
58, 293117, 678177, 94^33, 691
111,1641,039, 202
88,565
1,626, 538
135, 719185, 70688,636
243, 794752, 632320,812100, 761
1, 626, 538
460, 6184,348
3,8012,148
4397,137
1,023
1,354
480, 869
347, 29121, 93015, 63111,3238,026
57, 6121,1936,035
116,581
585, 622
ii 104, 753
ii 107,130
13, 408103
Metal and itsproducts
Netincome
1,854
129,665207, 977211,939204, 734222, 284506, 869
109, 982
1, 593,450
107, 96629, 362
153, 503144, 428673, 495493, 33C
8,635
1, 593, 450
937, 63233,839
9,7186, 8051,021
35,890
4,608
6,053
1, 035, 566
640,61126,8496,280
10, 75411,26535,897
114,992
217, 267
953, 926
81,640
70,979
2,0919. 554
72, 086'
78, 54 L6, 489;
No netincome
15,468
1,090, 0331, 730, 5062, 235, 517
604, 4742, 477, 3858, 300, 718
1, 233, 961
17,672, 594
1,264,5191, 520, 0361,871,5692,111,1156, 581, 7354, 933,461
609, 841
17, 672, 594
5, 023, 294223, 435
68, 87420, 2875,412
83,227
34, 438
24, 240
5, 483, 209
4, 024, 970146, 741121, 931152,08370, 255
445, 2257,150
56, 6371, 441, 899
6, 466, 891
ii 983, 682
ii 1,042, 360
263, 460:27, 285
Manufacturingnot elsewhere
classified
Netincome
915
31,15986, 34479, 82518, 33165, 66S
151,635
43, 453
476, 410
27, 56512,16643, 22135, 045
154, 475206, 886
2,948
476, 410
300, 2986,696
5,905974186
6, 825
938
654
322, 478
190, 73811,3374,4173,9043,448
12,88539
1, 39468, 453
296,617
25, 861
24, 268
7173,271
22, 590
23, 003155
No netincome
5,278
60, 209193, 980222, 70539, 087
258,967462, 768
182, 413
1, 420,128
189, 297132, 534144, 265200,172679,854241, 331167, 324
1, 420,128
638, 3888,795
6,3404,262
55711, 842
820
1,176
672,178
485, 37634,11015, 4369,713
17, 32334, 442
587, 760
201, 924
806,141
ii 133,963
u 135, 958
8,329792
a34567
8
10111213141516
17
1819
2021
23
24
25
26
27289,930.3132333435
36
37
38
3Q4041
4243
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
158 STATISTICS OF INCOME
TABLE 15.—Returns of corporations submitting balance sheets for 1982 by major1932, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid—Continued
[Money figures in
Industrial groups—Continued
Construction
Netincome
No netincome Net income
Transportation andother public utilities
No netincome
Number of returns with balance sheets i
Assets:2
Cash 3Notes and accounts receivableInventoriesInvestments, tax-exempt4
Investments other than tax-exempt5
Capital assets—lands, buildings, equipment(less depreciation).
Miscellaneous assets
1,910 13,472 5,614 11,933
51,141120,47724,79348,21256, 333
105,205
46,076
81, 272358, 289113, 20466,138
346, 514568,463
155,183
549, 0451, 287,482
302,98580,486
3. 587, 39020, 224, 366
1,304, 229
750,1991, 251, 709
410, 45191, 229
9,197,39129,833, 809
3, 278, 075
Total assets. 452, 236 1, 689,063 27, 335,984 44,812, 864
Liabilities:2
Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits-.
Less deficit
36,13174,25219,573114,084133, 2408,739
364, 796237, 906220, 725120, 914536, 867358, 518150, 663
1, 269,3168,192, 5311, 448,0022, 576, 54310, 068, 4003, 895, 718114,527
2,112, 57318, 813, 6804, 484, 5373, 612, 34111, 535, 3755, 236, 768982,411
Total liabilities. 452,236 27, 335,984 44, 812, 864
Receipts, taxable income:Gross sales 6
Gross receipts from other operations 7_ _InterestRentsProfit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic corporations-Interest on tax-exempt obligations 4
140, 675287.694
2,6951,847
9193,722
1,4521,794
525, 949351, 588
15, 26613, 983
1,95815, 258
16,1862,997
4, 330,125109,483
76, 250
100, 846
192,41712,522
5, 284, 700144,987
75, 6669,321
175, 505
212,8437,728
Total compiled receipts s 440,798 943,185 4, 824, 333 5, 910, 743
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax.Bad debtsDepreciationDepletionLoss, sale of capital assetsM iscellaneous deductions
113,12219,0642,9592,4072,26113,213
802,780
252, 368
440, 26565, 27528, 03210,40914, 63243,548
41911,133
445,751
33, 270485, 692296, 963
34, 948538,083
9,2888,235
2, 511, 770
48,3741,063,833
379,09232,422
493, 32312, 941
102,1474, 343, 528
Total statutory deductions. 408,255 1, 059, 465 3, 918, 248 6, 475, 660
Compiled net profit or deficit (26 less 36)Statutory net income or statutory net deficit . . .Net loss for prior yearIncome taxCompiled net profit less income tax (37 less 40).Cash dividends paidStock dividends paid
32,54329,297
3,8873,473
29,07016,416
671
116,281135,464
906,084701,145
5,57297, 260
i 564, 916i 785, 482
23, 8271,839
922, 53117,805
377, 7821,233
1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data.2 See text, p. 29.3 Includes cash in till and deposits in bank.
. 4 Includes obligations of States and Territories or minor political subdivisions, securities issued underthe Federal Farm Loan Act, and obligations of the United States or its possessions.
s See text, p. 29.6 Gross sales where inventories are an income-determining factor. For cost of goods sold, see Statutory
deductions.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 159industrial groups, showing number of returns, assets and liabilities as of Dec. 31,deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups—Continued
TV
Net income
19,501
451, 3831,026, 9251, 028,855
164,999480,825
1,182,858
286, 824
4, 622, 669
890, 502199,633265, 561441, 796
1, 604, 4371, 268, 381
47, 641
4, 622, 669
8,844, 254191,51428,19225, 6872,976
95,175
15, 3615,587
9, 208, 746
6,963, 670141,71233,75958, 35152, 58794, 272
4495,813
1, 605, 608
8,956, 221
252, 525231, 577
11,53130,315
222, 211169, 470
7,114
Nonetincome
99,845
589,9202,979,4122,339, 462
186, 7281, 235, 7052,975,477
829,177
11,135,882
2, 552, 2841,004, 010
672,8331,175,9055. 015, 3071,955, 7211, 240,178
11,135, 882
12, 761, 555263, 79663,52980, 394
5,051198,409
20, 2326,918
13, 399, 884
10, 230,812453, 269129,116119,243219, 306178,180
67248.280
2,978,901
14, 357,780
ii 957,895ii 985,046
79, 7483,217
Service—professional,amusements
Net income
5,833
73,568135,10943, 63729. 595
131.831821,880
137,862
1, 373,482
104,086312, 575113,928133, 696445, 410294,19230, 406
1, 373, 482
783.82712, 59664, 725
1,88914, 252
4,4381,199
882, 926
45,35526,30920, 6147,088
36, 30948
2,448676,406
814, 578
68, 34862, 7123,4638,658
59, 69049, 791
885
, hotels, etc.
No netincome
28,719
157,286501, 444101,81426,445
1,039, 6334,789,605
490,011
7,106, 239
878,9912, 695,470
584, 447481, 822
2,017, 3681,124,421
676, 280
7,106, 239
1,749, 59415, 775
236, 6064,885
49, 776
12, 8161,060
2,070, 512
98,977170, 34998. 25425, 699
182,078264
90,9331,843.257
2, 509, 811
ii 439,300ii 453,175
21, 018556
Finance—banking, in-surance,stock anckers, etc.
Net income
22,665
1,592,0353,653,911
22,8082,367, 053
19,306, 5253,073,115
1,448, 268
31,463, 714
921, 5241, 335, 532
21,941, 329634, 519
3, 349,1983, 427, 341
145, 730
31, 463, 714
9 1,113,5581,028, 541
302,95024,17751, 442
108, 74988,844
2, 718, 260
85,904184,94691,90847, 54664,538
41946, 305
io 1, 726, 525
10 2,248,091
470,169272, 577
18, 38734, 777
435, 392248, 210
14, 473
real estate,I bond bro-
No netincome
81,476
7,988, 52420,992,863
127,9126,816, 637
28,906, 31911,561,085
2,895,629
79, 288,969
4, 703, 0618, 059, 078
43, 538, 8062, 626, 252
13,024, 8679, 795, 6012, 458, 696
79, 288, 969
2,039, 4481, 696, 524
772,48644,000
169,850
386,121328, 795
5, 437, 224
295,0331,144, 225
307, 610497, 493222, 260
1,770950, 287
3,442, 228
6, 860, 905
ii 1, 423, 681ii 2,138, 598
504, 67910,815
Nature of businessnot given
Netincome
161
1,1697,763
75427
5,9363,688
2,378
21, 435
3,723508
1,523828
16,0106,4307,586
21, 435
984254
56116126
5225
1,614
13861594343
20706
1,071
5434654957
485245
15
Nonetincome
1,073
1.87323, 7174, 3403,693
46, 77436, 592
11,889
128, 878
33,1156,1138,363
41, 52298, 60927,18186,025
128, 878
4,18432515358
291
26938
5,318
681571308748342
(12)2,9937,369
13,013
ii 7, 695ii 8,001
76530
1
234567
8
9
10111213141516
17
181920212223
2425
26
?72829303132S33435
36
3738-W40414243
7 Gross receipts from operations where inventories are not an income-determining factor. Costs areincluded in " Miscellaneous deductions."
8 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.), but not gross receiptsfrom these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividendson stock of domestic corporations as reported in schedule L of the return.
9 Includes for a limited number of returns the cost of securities purchased for customers.10 Includes special nonexpense deductions of life insurance companies (see p. 22).n Deficit.12 Less than $500.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
160 STATISTICS OF INCOME
TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions,
[Money figures and total assets
[For text defining certain items and
PART 1. ALL RETURNS
Total assets classes
Total Under 50 50 to 100
Number of returns with balance sheets 1
Assets:2
Cash 3Notes and accounts receivableInventories _Investments, tax-exempt4 _Investments other than tax-exempte _.Capital assets—lands, buildings, equipment (less depre-
ciation) .Miscellaneous assets. -
Total assets..
Liabilities: 2Notes and accounts payable. . .Bonded debt and mortgages...Miscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:Gross sales 6
Gross receipts from other operations 7—.InterestRentsProfit, sale of capital assets.Miscellaneous receipts.
Receipts, tax-exempt income:Dividends from domestic corporations-Interest on tax-exempt obligations 4
Total compiled receipts 6
Statutory deductions:Cost of goods soldCompensation of officers.Interest pa id . . .Taxes paid other than income tax..Bad debts.DepreciationDepletionLoss, sale of capital assetsMiscellaneous
Total statutory deductions.
Compiled net profit or deficit (26 less 36)Statutory net income less statutory deficitNet loss for prior yearIncome taxCompiled net profit less income tax (37 less 40).Cash dividends paidStock dividends paid
392,021 206, 477 58,320
15,917,20239, 563,53812, 372, 45911,916,86475,630, 257108,553,151
16,129,451
236, 657934, 268636, 31618, 513
158, 2991, 502, 531
383, 212
204,143924,400534, 29434, 655251, 616
1, 826, 706
377,340
280,082,923 3, 869, 796 4,153,154
20, 562, 27247,310,41478, 641, 71919,075, 89378, 413,09945, 663, 7469, 584, 221
1,322, 779339, 711349, 714173,562
2,820,291459, 231
1, 595, 493
1,066, 835542, 768276,949174, 329
2, 240,793572, 215720, 735
280,082,923 3,869, 796 4,153,154
52, 390,67918, 835, 2523, 418,1341,813,019136, 293
1, 355, 784
1, 206; 695544, 695
4, 870, 5421, 270, 335
20, 51384, 6308,989
81, 746 j
2,901 !688
3,310,680614,89528, 81681, 5336,08053, 229
4,3551,093
79, 700, 552 6,340,345
40,709, 2252,063, 7083,906,2792,011,8311, 284, 6243, 623,715
242, 2961, 538, 078
27,831, 525
3, 898,133480,19654,91751,973103, 661136, 7033,62875, 679
2,144,135
4,100,682
83, 211, 281 6,949,023
9 3, 510, 7299 5,262,119
84, 739282,059
» 3,792, 7893,853,943
142,422
9 608, 6799 612,268
7,8154,756
9 613,43539, 6542,226
2, 655, 336242.16360, 57047,95363,122104,9342,486
46, 7001,189, 739
4,413,004
9 312,322» 317, 770
4,9484,637
o 316,95938,1682,084
For footnotes, see pp. 164-165.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 161classes, showing number of returns, assets and liabilities as of Dec. 81, 1932, or atnet profit or deficit, statutory net income or deficit, tax, and dividends paid
classes in thousands of dollars]
describing returns included see pp. 1-5]
WITH BALANCE SHEETS
Total assets classes—Continued
100 to 250
59,500
456,9751,993,965945,437149,634850,849
4, 248,914
768,496
9, 414, 271
1, 779, 3661,427,3071, 209, 721522,867
4, 228,4401,415,8621,169, 291
9,414, 271
5,162, 379999,90693, 335186, 76611,61089, 405
12,1225,855
6, 561, 376
4,149,137328, 638145,036102, 624112, 501194, 0815,986
73, 2891, 934, 094
7,045,387
9 484,010• 501,987
7,05510, 521
»494, 53183,0104,296
250 to 500
28,422
491,1892, 022, 553846,457271,073
1, 262,0244,321, 771
773,015
9,988, 082
1,485, 6011, 500,4871,690, 627648, 924
3,872,0741, 684, 538894,168
9,988, 082
4,131,239759,800111,104179,3349,99278, 568
15,87611,194
5, 297,107
3, 314, 557220, 789150, 76197, 28998, 379173,1676,89074, 786
1, 539,082
5, 675, 700
9 378,5939 405,663
5,89511,947
» 390, 54096,4515,995
500 to 1,000
17,590
654, 8442, 394,034891,383459,548
1,990,9145,017,824
880, 289
12, 288,837
1,498,8361, 730,0252, 612,056896, 221
4, 322, 7872,167,648938, 736
12, 288,837
3,751,417860,305147, 633189,1979,490
81, 307
28, 61119, 599
5,087, 560
2,990,154179, 365181, 251108,80797, 605186,7849,445
103,1891, 625,500
5,482,100
9 394,540«442, 750
7,13714,585
9 409,125124,5935,955
1,000 to5,000
16,705
1,927, 0446,320,9561,971, 7131, 678,6977,680,46212, 658, 020
2,195,175
34,432,068
3,138,0804, 511,8058,479,3982, 765,79310, 807,1486, 484, 2531, 754, 409
34,432,068
7, 793,3881, 708, 563443,852392,97025, 776178,100
125, 23376,252
10, 744,135
6,061, 645276, 244486, 687258,967218, 449465,62529, 383
293, 9423, 487,335
11,578,277
9 834,142« 1,035, 626
12, 51635, 054
9 869,195378,48714,043
5,000 to10,000
2,442
1,004,9502,698,060801,360846,404
4, 340,4646,241,310
924,455
16,857,003
1, 248, 2702, 527, 7084,193, 5221,362, 2694,894,8653, 258, 392628,025
16,857,003
3, 229,470829,040211,350149, 28211,80777,947
79, 50738,142
4,626, 545
2,461,46977,813231,180113,92194, 418216,05517,871195,875
1, 553,094
4, 961, 696
9 335,1509 452,800
4,45020,903
9 356,054228,2195,969
10,000 to50,000
1,947
2,493,7885,627, 5091,752,4642,129,37411,239,47414,122,187
2,474, 297
39,839,094
2,484,9466, 271, 38210, 709,8053, 661,45310, 657,1837,005, 569951, 243
39,839,094
6, 357,0242, 418, 286470,888212,16215, 847
144, 447
185, 491101, 246
9,905,391
4, 709, 277123,682512,898257,986160,963533,42732, 589342,065
3, 727,394
10,400, 282
9 494,891» 781,627
8,33547,887
9 542,778595,36330,973
50,000 andover
618
8,447,61016,647, 7933,993,0336,328,96647,856,15558, 613,888
7, 353,171
149, 240, 618
6, 537,55928,459,22249,119,9268,870,475
34, 569, 51922, 616,039
932,121
149, 240, 618
13,784, 5409,374,1221,890, 642337,14536, 701571,034
752,597290, 629
27, 037,411
10,469, 517134,817
2,082,979972,311335,527
1, 612,938134,018332,552
10, 631,153
26, 705, 812
331,5989 711, 627
26,588131,770199,828
2,269,99870,881
1
234567
8
9
10111213141516
17
181920212223
2425
26
272829303132333435
36
37383940414243
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
162 STATISTICS OF INCOME
TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 2. RETURNS
Total assets classes—Continued
Total Under 50 50 to 100
272829303132333435
36
37383940414243
Number of returns with balance sheets 1
Assets:2
Cash 3Notes and accounts receivableInventories.- . .Investments, tax-exempt *Investments other than tax-exempt *Capital assets—lands, buildings, equipment (less depre-
ciation) .Miscellaneous assets
Total assets..
Liabilities:2
Notes and accounts payable. . .Bonded debt and mortgagesMiscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:Gross sales 6
Gross receipts from other operations 7...InterestRentsProfit, sale of capital assetsMiscellaneous receipts
Receipts, tax-exempt income:Dividends from domestic corporations..Interest on tax-exempt obligations i
Total compiled receipts 8
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax.Bad debtsDepreciation _DepletionLoss, sale of capital assetsMiscellaneous deductions
Total statutory deductions.
Compiled net profit or deficit (26 less 36)Statutory net income (37 less 24 and 25)Net loss for prior yearIncome taxCompiled net profit less income tax (37 less 40).Cash dividends paidStock dividends paid
73,291 33,512 11,726
4,041, 5618,407, 4933, 594, 4983, 584, 561
26,834, 36632,903,114
4, 706,989
67, 416177,65688,0404,777
34, 284256, 622
57, 893
66, 746214,748
89, 34911,00058, 293
335, 660
65, 723
84, 072, 582 841, 519
4, 626,07911,183, 95425, 256, 592
5, 652, 46323, 259, 43914, 638, 235
544,181
84, 072, 582
152, 09235, 02447, 08823, 284
410, 985129,182110,966
145, 59163, 86665,43831, 404
411,889173, 889
50, 558
841, 519
20, 729, 9097, 852, 0871, 267, 765
525,18844, 721
424, 323
431, 781145, 570
992,037339,871
6,52417, 2083,731
19, 111
537215
886, 465209,45010, 46219,8162,346
14, 734
771353
31,421, 344 1, 379, 234 1,144, 397
15,435,094550,170852,165626, 900233,870
1,198, 51282, 326105, 548
9, 640, 022
774, 55088,1396,7499,81111, 60921, 2821,515712
420, 652
692,04461, 2448,9379,89011,51421, 9921,282770
296,375
28, 724, 606 1,335,018 1,104,048
2, 696, 7382,119, 387
84, 739282, 059
2, 414, 6792, 309, 858
89, 936
44, 21643, 4647,8154,75639, 46023, 722
672
40, 34939, 2244,9484,637
35, 71224, 477
895
For footnote, see p. 164-165..
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 163classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or atprofit or deficit, statutory net income or deficit, tax, and dividends paid—Continued
classes in thousands of dollars]SHOWING NET INCOME
Total assets classes—Continued
100 to 250
12,610
148,663492, 008174, 50336, 844193,109807, 208
150, 577
2,002,912
294, 984185, 289228, 05596, 503
847, 537428, 21077, 665
2, 002, 912
1, 619, 795377,18733, 72544,1555,295
26,165
2,8921,383
2,110, 596
1, 273, 66893, 29824, 05122, 96820, 67445, 4792,9412,419
536, 091
2, 021, 588
89, 00984, 7347,055
10, 52078, 48853, 6751,922
250 to 500
6,344
163,313491, 240180,30664, 536283, 596892, 407
160, 760
2, 236,157
268, 620209, 387289, 511136, 242822, 002554, 60744, 212
2, 236,157
1, 508, 587322,18932,89945,0554,07221,213
3,8682,542
1, 940, 426
1,176,19969, 35524, 78922, 41918, 35546, 3163,1383,318
475,813
1,839, 702
100, 72394, 3135,89511,94788, 77763, 2362,749
500 to 1,000
3,963
195, 481562, 856203, 408102, 914436, 421
1,087, 482
182, 957
2, 771, 519
280, 502263,452420,180185, 209967, 303700, 01745,144
2,771,519
1, 430, 483479, 66037, 20552, 7233,87921,615
7,5603,843
2, 036, 968
1, 095, 69757, 65329, 89726, 31017,41150, 7124, 1154,547
629,083
1, 915, 427
121, 542110,1397,13714, 585
106, 95779, 0082,358
1,000 to5,000
3,775
526, 4521, 388,945501, 505399,112
1, 556, 2323, 032, 021
505, 664
7, 909, 930
640,350831, 910
1, 414, 347581,694
2, 507, 2132, 021, 410
86, 994
7, 909, 930
3,036,911666, 034102, 618123, 88310,10449,005
29, 87715, 378
4, 033, 810
2, 258,18979, 67682, 22666, 43232, 361119, 4749,94515, 850
1, 055,122
3, 719, 274
314, 536269, 28212, 51635, 054279, 483221, 2288,741
5,000 to10,000
625
278,001540, 295240,941243, 313969,193
1,815, 523
258,877
4, 346,144
283,193510, 569705,891325, 648
1, 341, 4741,194,139
14, 770
4, 346,144
1, 489, 702415,14352, 01948, 5695,937
26, 960
22, 0639,921
2, 070, 316
1, 072,89124,86241, 04136, 23314, 61466, 7017,23710, 023
608, 296
1, 881, 898
188, 418156,4334,45020, 903167, 515146, 3555,211
10,000 to50,000
535
623,4021, 281,949573,118571, 246
2, 883, 0944, 697, 921
885, 443
11,516,173
751, 3861, 676, 7192, 431,1971, 048, 8903, 369,8942, 288,162
50, 074
11, 516,173
2, 775, 9201,118,434130, 98157,1342,600
42, 803
60, 40925, 706
4, 213, 987
1,907, 59336, 434117,14786, 73529, 717172,18614, 06828, 979
1, 380, 871
3, 773, 729
440, 258354,1438,33547,887392, 370362, 66728,577
50,000 andover
201
1,972,0873, 257, 7971, 543, 3282,150,81920,420,14419,978, 269
2, 439, 095
51, 761, 538
1,809, 3607,407, 73919, 654,8853, 223, 590
12, 581,1447,148, 618
63, 797
51, 761, 538
6, 990,0093, 924,119
861, 329116, 6466,757
202, 718
303,80386, 229
12,491,610
5,184, 26339, 509
517, 328346,10277, 613
654, 37038,08738, 930
4, 237, 720
11,133,923
1, 357, 68.7967, 65626, 588131, 770
1, 225, 9171, 335,490
38, 812
1
234567
8
9
10111213141516
17
181920212223
2425
26
272829303132333435
36
37383940414243
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
164 STATISTICS OF INCOME
TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 3. RETURNS SHOW
Total assets classes
Total Under 50 50 to 100
Number of returns with balance sheets *
Assets:»Cash 3Notes and accounts receivableInventoriesInvestments, tax-exempt4
Investments other than tax-exempt • _Capital assets—lands, buildings, equipment (less depre-
ciation).Miscellaneous assets
Total assets
Liabilities: 2Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits _.. _
Less deficit
Total liabilities
Receipts, taxable income:Gross sales 6
Gross receipts from other operations 7
InterestRents ...Profit, sale of capital assets . , .Miscellaneous receipts __.
Receipts, tax-exempt income:Dividends from domestic corporationsInterest on tax-exempt obligations 4
Total compiled receipts 8__
Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax _Bad debtsDepreciation _ _Depletion.. _Loss, sale of capital assets _ _Miscellaneous deductions
Total statutory deductions
Complied net deficit (26 less 36)Statutory net deficit (37 plus 24 and 25)—Cash dividends paid _ ._Stock dividends paid
318,730 172,965
11,875,64031,156,0458,777,9618,332,30348, 795,89275, 650,038
11,422,463
169,241756,611548, 27613,735124,015
1, 245,909
325,319
196,010,341 3,183,107
15,936,19436,126,46053,385,12713,423, 43055,153,66031,025, 5119, 040,041
1,170, 688304,687302, 626150, 279
2,409,306330,049
1, 484,527
196, 010,341 3,183,107
31,660,77010, 983,1652,150,3701,287,830
91,572931,461
774,914399,125
3,878,505930,46413,98967,4225,258
62, 635
2,364472
48, 279, 207 4,961,111
25, 274,1321, 513, 5383,054,1151, 384,9311, 050, 7542,425, 203159,970
1,432, 53018,191, 503
3,123, 583392, 05748,16742,16192, 052115, 4212,11374,968
1,723,482
54,486, 675
6, 207,4677,381, 5061,544,085
52,486
5, 614, 006
652,895655, 73215, 9311,554
46,594
137,397709,652444,94523,655193,322
1,491,046
311,618
3,311,635
921,243478,902211,511142,925
1,828,904
670,176
3, 311,635
2,424,214405,44618,35461,7183,734
38, 495
3,584740
2,956, 285
1,963,292180,91951, 63338,06351, 60882,9421,205
45, 930893, 364
3, 308,956
352,671356,99413, 6921,189
1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data,a See text, p. 29.8 Includes cash in till and deposits in bank.* Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 165
classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at'profit or deficit, statutory net income or deficit, tax, and dividends paid—Continued
classes in thousands of dollars]
ING NO NET INCOME
Total assets classes—Continued
100 to 250
46,890
308, 3121, 501,957770, 934112, 790657, 741
3, 441, 706
617,919
7, 411, 359
1, 484, 3821, 242, 018981, 666426, 365
3, 380, 903987, 651
1, 091, 626
7, 411, 359
3, 542, 584622, 71959,609142, 6116,315
63, 241
9,2304,472
4, 450, 780
2, 875, 469235, 340120, 98679, 65791, 827148, 6023,04570,870
1, 398, 004
5, 023, 799
573, 019586, 72129, 3352,374
250 to 500
22,078
327,8751, 531,313666,151206, 538978, 429
3, 429,365
612, 255
7, 751,926
1, 216,9811, 291,1001, 401,116512, 682
3, 050, 0721,129, 930849, 956
7, 751, 926
2, 622, 652437, 61078, 205134, 2795,920
57, 355
12, 0088,652
3, 356, 682
2,138, 358151, 435125, 97274, 87080, 023126, 8513,753
71, 4671, 063, 268
3, 835, 998
479, 316499, 97633, 2153,247
500 to 1,000
13,627
459, 3641, 831,178687,975356, 633
1, 554,4933,930, 342
697,332
9, 517, 318
1, 218, 3331,466, 5732,191, 876711,012
3, 355, 4841, 467, 631893, 592
9, 517, 318
2, 320,935380, 645110,427136, 4735,611
59, 693
21,05115,756
3, 050, 592
1,894, 457121,712151, 35382, 49780,193136, 0725,330
98,642996,417
3, 566, 674
516, 082552, 88945, 5863,597
1,000 to5,000
12,930
1,400, 5914,932, 0111,470, 2091, 279, 5846,124, 2319, 625,999
1,689, 512
26, 522,138
2,497, 7313, 679,8957, 065, 0512,184, 0998, 299, 9354, 462, 8431,667, 415
26, 522,138
4, 756, 4771, 042, 529341, 234269, 08815, 672129, 095
95, 35660,874
6, 710,325
3,803,457196, 568404, 460192, 535186, 088346,15119, 438
278, 0922, 432, 214
7, 859, 003
1,148, 6781, 304,908
157, 2595,301
5,000 to10,000
1,817
726,9492,157, 765560,419603,091
3,371,2704,425,786
665, 578
12, 510, 859
965, 0772,017,1393, 487, 6321, 036,6213, 553, 3912, 064, 253613, 255
12, 510, 859
1, 739, 768413, 897159, 330100, 7135,870
50, 987
57, 44428, 220
2, 556, 230
1, 388, 57852, 951190,13977, 68879, 804149, 35410, 634185, 852944, 798
3, 079, 798
523, 568609, 23381, 863
758
10,000 to50,000
1,412
1,870, 3864, 345, 5601,179, 3461, 558,1288, 356, 3809,424, 266
1, 588, 854
28, 322, 920
1, 733, 5604, 594, 6638, 278, 6082, 612, 5637, 287, 2894, 717, 407901,169
28, 322, 920
3, 581,1041, 299, 852339, 907155, 02813, 247
101, 644
125, 08275, 539
5, 691, 404
2, 801, 68487, 249395, 751171,251131, 246361.24118, 521
313,0862, 346, 523
6, 626, 553
935,1491,135, 770232, 6972,396
50,000 andover
417
6, 475, 52313, 389, 9972, 449, 7054,178,14727, 436, 01138, 635, 619
4,914, 076
97, 479,080
4, 728,19921, 051, 48329, 465, 0415, 646, 885
21, 988, 37515, 467, 421
868, 324
97, 479, 080
6, 794, 5315,450, 0031, 029, 313220, 49929, 944368, 316
448, 794204, 400
14, 545,800
5, 285, 25495, 308
1, 565, 651626, 209257, 913958, 56895, 931293, 623
6, 393, 433
15, 571, 889
1, 026, 0891, 679, 283934, 50832, 069
1
234567
8
9
10111213141516
17
181920212223
2425
26
272829303132333435
36
37383940
s See text, p. 29.6 Gross sales where inventories are an income-determining factor. For cost of good ssold, see statutory
deductions.7 Gross receipts from operations where inventories are not an income-determining factor. Costs are in-
cluded in "Miscellaneous deductions."s Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividendson stock of domestic corporations as reported in schedule L of the return.
»Deficit.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid
[Money figures and total assets classes in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-5]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash,inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets—Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales 2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts i
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-
dends
1i iOGO
oo
AGRICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING N E T INCOME
Under 5050-100100-250250-500 .500-1,0001,000-5,0005,000-10,000 6
10 000-50 00050,000 and over 6
Classes grouped
Total
41214519183463983
6 1
920
1,6981,6243,8104,5425,740
15, 379
30, 447
63, 240
8981,0922,4272,4111,4074,408
7,193
19, 836
5,8376, 861
19, 83216, 98020,91340,099
163, 575
274, 097
9, 23810, 77529, 70528, 52132, 36178,075
245, 627
434, 303
2,0492,0814,2594,3932,9209,902
5,119
30, 723
924978
2,3171,5422,4303,696
12, 542
24, 428
144239
1,409303730
2,172
4,997
6,2876,183
16,66412, 54715,19138,004
121, 726
216, 602
7 631986
3,5498,9218,580
20,217
40, 615
82, 237
5,0803,2539,3295,7225,423
11, 898
45, 718
86, 422
1,5631, 3932,5881,4262,6282,170
24, 923
36, 690
7,1294,934
12, 6748,0198,810
15,958
73, 455
130,981
413386785913861
1,765
1,486
6,608
410383776701845
1,212
1,365
5,692
175314474632515933
6,960
10, 002
A G R I C U L T U R E AND R E L A T E D I N D U S T R I E S - R E T U R N S SHOWING NO N E T I N C O M E
Under 50.50-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 -50,000 and over
Total . . -
2,9751,2271, 313
629336280
288
6,796
7,4498,303
20, 09623,12221, 28044, 21513, 77116,889
155,126
7,39710, 57824, 02824, 35023, 13328, 7468,0004,017
130, 248
44,85861,516
136,181142, 337148, 878337, 977118, 17775, 874
1,065, 797
65, 07588, 792
203, 731218, 442233,424537, 981173, 063187, 843
1, 708, 351
25, 94528, 03155, 79550, 46646,13475, 42227, 79529, 523
339,109
9,70012, 86323, 42827, 68129, 95956, 05918, 28131, 629
209, 600
2,1612,0066,0026,506
12, 44631, 645
5, 15525,169
91, 090
56, 77455, 640
121, 796118, 920110, 544243, 452
63, 71768,120
838, 962
7 33, 4407 16, 4367 17, 981
7 36213, 50685, 07046,14527, 975
104, 477
19, 57515, 94226, 42923, 62219, 38928, 78212, 50213, 055
159, 298
6,4293,5778,6805,0104,3347,7651,6913,807
41, 294
27,00820,80437, 33531, 08726, 65343, 92717, 22318, 829
222,865
7 11, 6837 7, 349
7 12, 7627 11, 3757 13, 0087 17, 973
7 3, 9677 5, 445
7 83, 562
7 11, 7067 7, 376
7 12,9167 11,5757 13, 6317 20,1037 5, 0307 5, 799
7 88,135
6390
307373456
1,721490
3,500
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MINING AND QUARRYING—RETURNS SHOWING NET INCOME
Under 5050-100]00-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000.-..50,000 and over
Total
94337442824916919032233
2,411
3,9384, 81910, 28114, 30219, 88055, 76224, 03348, 27545. 981
227, 271
232231863
1,5291, 1429, 1594, 69928, 81056, 784
103,449
13, 46317, 49244, 89556, 16475, 743251, 226170, 446295, 120415,811
1, 340, 360
20, 30627, 08367, 56687, 976122, 853406, 260219, 203466, 159659, 093
2, 076, 497
7,7714,5789,70410, 57010, 00'26, 6806,9248,41112, 962
97, 607
430560
1, 5383, 9504, 64911, 13611,96320, 03689, 267
143, 528
4131,0742,0422.6853, 95514, 0785,4462,059
125, 485
157, 237
32, 61930, 30048, 63948. 43575, 485191, 735102, 412196, 706209, 909
936, 241
7 23, 8677 12, 4377 2, 01815, 53420, 016127, 47482, 419142, 13662, 538
411, 796
5,1625, 5939,21014, 93715, 06364, 82713, 91664, 29981,915
274, 923
9,7018,53018, 84818, 678
41, 12118,00027, 46250, 223
213, 552
16,11815, 31730,09235, 74938, 861113, 27537, 00296, 638153, 781
536, 833
2,6372,2804,7475,3167,385
16,9287,326
15, 05710,124
71, 80C
2,5992,2444,6755,1697,200
14, 4386,697
13, 4965,320
61, 839
2,3731,6453,7373,4304,437
14, 0287,445
17, 44511,857
66, 397
MINING AND QUARRYING—RETURNS SHOWING NO NET INCOME
IO
2ao
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000—.50,000 and over.
Total
2,88'1,1501,414
73"55466'1028018
7, 609
9, 59610, 38325, 96225, 68028, 476
108, 10544, 319
114, 905156, 557
523, 983
1,5911,67'5, 2365. 5229, 750
32, 48116, 77471, 170
144, 424
288, 631
40, 47455, 692
154, 061181, 349258, 676939, 121495, 638
1, 008, 1971, 941, 192
5, 074, 400
59, 68382, 409
227, 795260, 444388, 563
1,401, 154695, 638
1, 554, 8382, 738, 369
7, 408, 892
28, 72722, 64251, 90250, 06750, 188152, 67145, 25489, 048179, 402
669, 901
5,9604,20016, 55222, 91822, 400139, 97272, 761202, 390326, 215
813, 369
3,3743, 16911, 63r
14, 07030. 444105. 62452, 43674, 90753,830
349, 490
105, 78983, 564
186, 717201, 315277, 309828, 352379, 546707, 806
1, 246, 296
4, 016, 695
7 93, 9467 40, 4597 61, 9127 58, 1937 39, 712
73, 52493,197
380, 334863, 520
1,116,355
14, 77910, 97034, 17333, 51831, 36193, 90257, 627
183, 300238, 572
698, 203
13, 10310, 48020, 58318, 47823, 09173, 62814, 58349, 023
115,804
338, 774
29,81923, 29858,25855, 85159, 050
180, 53582,108
249, 855377, 058
1, 115, £
7 15, 3157 8, 981
7 16, 2587 14, 2057 19,8137 42, 9227 19, 8727 38,1117 82,176
7 257, 65; 7 275, 517
7 15, 3647 9,103
7 16, 523714, 8047 20, 4077 45, 7717 24, 2917 41, 0927 88,162
634578
1,1261,6131,6646,3334,2315,73113, 536
35,447
TOTAL MANUFACTURING—RETURNS SHOWING N E T INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
2,3542,6921,54'1,010
93916313146 1
42, 92856,194
129,035142, 728174,548434,197224, 365523, 589
L, 475, 954
14, 276 3, 208, 537
18,87326, 74167, 60484, 980
108, 685281, 582145, 859389, 203924,532
2, 048, 059
119,689170, 323426, 773549,194699,097
1,941,1141,115,6672, 893, 7448, 376, 662
5, 877, 543 16, 292, 262 1, 224, 902
27, 22531, 32063, 14"63, 82666, 246
147, 23851, 163
213, 094561, 645
3,8896,652
16, 25623, 25325, 71475, 80757, 583
138, 372591, 561
3,5858,223
27, 12547, 46171,945
236, 830125, 457376, 945785, 700
939, 087 1, 683, 272
70, 53685, '- '"
198, 985220, 546268, 077665, 948383,840
1,164, 9023, 450, 224
6, 509,057
6,72229,176
103, 004171, 638236, 575719, 547434, 712816, 049
2,411,928
260, 613296, 279619, 441658, 509692,862
1, 542, 381726, 601
1, 783, 2794,803, 669
4,929,350 11, 383, 635
15,87511, 65425, 57538, 85041, 68595, 59986,419
143, 686434,800
279,782311, 479654,088707,130747, 708675, 709836, 649980, 408483,902
894,144 12, 676,854
8,3679,907
26, 31133, 85145,465
123, 54279,086
162,967398, 622
888,118
8,2659,751
25, 70732,48043, 035
113, 70572, 271
142,198306,672
754,084
4,1975,218
14,02321,05830, 25090, 20163,972
143,281454, 596
826, 796
For footnote, see p. 182.
^ 1
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
00
Total assets classes
Num-ber of
returnswith
balance
Cash, inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets-Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales 2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts *
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-
dendspaid
TOTAL MANUFACTURING—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250...250-500500-1,0001,000-5,000.5,000-10,00010,000-50,000—.50,000 and over.
Total
35,50710,18510,3294,9593,0332,9484243811
181, 251171, 761342,872321,998362,817974,138443,651,098,316
1 2, 779,263 1
120, 524130, 575298,725309,863358,820978, 064403,872921,092, 740, 365
260,023295, 202702,042765,817948,107
2,872,1271, 475,1363,814,0428,612,311 18,918,139 1
664,890726, 249
1, 638,3611, 740,8932,098,3296,149, 3742,980,4477,814,522
67,807 6,676,068 5,261,899 19, 744,808 42,731, 203 4,282,362 4,287, 235 4,924,095 18, 069,610
240,519191,157367,424301,502307,831668, 394257,469551,984, 396,082
38, 75950, 310115,816126, 979145, 574502,498331, 267857,1511,
2,118,8801,
40, 25947,995154, 675201,018293, 235967,371453, 018184,756581, 767
547, 768473, 944962, 785919,241983,833
2, 732, 3061, 234, 9063, 210,6667, 004,162
7 260, 7897 84,5987 48, 357104, 008268,693972, 372505, 460
1,470.1404,933, 750
997, 745748,994
1,308,4431,123, 7461,155,1022, 859,1971,093, 2292,525,1945, 704,117
7, 860, 679 17,515, 765
52, 60823,16738,17930,07437,754107,19752,447115, 313453,049
1,060,854782, 219
1,369, 7241,180, 5101, 222,3673,058,9931,191,1132, 754,1946, 553, 669
909, 787 19,173, 644
7153,0817 100,0127 184,7187 177, 2387 186, 5017 467,8037 198,4627 484,1497 404, 521
2,356,485
7153,3537 100,3467 186,1957 179, 7077 190, 525487,315
7 205, 5667 512, 992
2,512,088
2,4903,0588,78110, 55116, 01956,72324,06694,199281,433
497, 320
MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000—.50,000 and over.
TotaL...
1,294604660361200199353715
3,405
7,09310,00623,12025,51130,56578,41943, 574123,338375,950
717,576
3,2884,82911,82316,82820,12060, 53731, 78296, 667184, 260
430,133
16,41824, 83354,13064, 30162,008164,451109,092312,484728, 734
1, 536,452
29,93444,745102,765127,326139,216404,800243, 010766,494
1, 761, 705
3,619,994
5,8986,99414, 36013,88013,66934, 22010, 53442,474138, 695
280, 723
1,3492,4316,3978,1226,02619,44214,85141,549
203, 647
303,813
5551,5846,95313,15911,63352, 03131, 574105, 250346, 230
17, 70723,48753,42749, 54354,516136, 34797, 331283,613632,005
1, 347,976
2,6788,15118,00638, 32545,880145, 59580, 302246, 451356, 036
941,424
70,16574,132151,404178, 737186,761419,361197,796715, 762
2, 267, 500
4, 261,618
2,5871,9462,8224,1991,69912,76818,00515, 26311,406
70, 695
73, 37376,812155,898184,766190, 578438,092219,996744, 293
2, 337,913
4,421, 721
2,6002,8696,0088,53111,30924,28116, 27249, 74096,694
218,305
2,5822,8265,8858,23910,82722,89715,11343, 56286,950
198,881
1,8391,9783,5525,5296,67917,16911,90140, 215123,040
211,903
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MANUFACTURING: FOOD PRODUCTS INCLUDING BEVERAGES—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250. _._250-500500-1,0001,000-5,000.5,000-10,00010,000-50,00050,000 and over
Total
5,1661,6541,504
59931625538444
9,580
19, 53321,39040,88732, 77935,16376, 25829,98198,408161,034
515,434
12, 87214,10131, 25025,85831,73665,06121,534102,20197, 625
402, 239
57,77163, 514126,342106,426109,267278,214146,091438,401183,930
1,509,955
103,150117, 589235, 583206,370217,694539,690265,328899,453612,583
3,197,441
34,76732,90255,00639,32837,81064,67436,12085,653101,969
488,229
8,5439,51122, 24018,95019, 53072, 26649,679150, 62998,491
449,840
3,6247,39020, 69918, 28826,17085, 69346,906102, 24067,001
378,011
73,41273, 835127, 010104,57599, 681219,15394,185361,749212,201
1,365,802
7 26,3307 14, 5457 2,69415,48724, 41671, 35327,207149, 71983,106
327, 720
186,405153, 709272, 633206,133210,127404,150119, 668397, 304753, 812
2, 703, 940
4,9041,7443,7132,7642,99510,8294,83121, 5175,892
59,189
192,655156,763279,211212, 766216,340423,961130, 751432,189784, 210
2,828,847
7 16,9797 12,0897 21,4127 14,!7 14, 0157 27,6507 15, 7587 58, 384
1,043
7 180,139
717,0187 12,1407 21, 5857 15, 2457 14,3677 29,047716,8477 61,0207 13,928
7 201,197
432467
1,3211,3941,5426,8131,0026,706
39
19,716
MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500 _500-1,0001,000—5,0005,000-10,00010,000-50,00050,000 and over
Total
191623107
18564
108
200378
1,1601,1501,328
11,3089,552
39, 961211,530
276,568
137392
1,3171,4191,805
13,76711, 54351,088
237,420
318,888
69244662437435
6,0693,294
15,78052,920
79,910
4301,2213,9313,4224,131
45,79034,498
160,185751,959
1,005,567
100291557503661
3,6851,8374,348
11,804
23,785
5185
879286
23, 24445,353
69,790
17158288658323
5,4554,670
18,55386, 521
116,642
198503
1,8601,3811,746
16,8927,844
44,873341,488
416,787
97154
1,094807
1,32615, 69518, 58946, 111
235, 755
319,629
1,4481,9766,8195,6874,993
49, 27442, 014
113,109536,480
761, 799
2
11
39116
10, 294186,369
196,832
1,4691,9886,8795,7245,090
49, 75142,472
126,972734,447
974, 791
6545
34413582
3,7823,999
15,164123,936
147, 552
6445
33812982
3,5283,817
14,218116,104
138,327
3815
21765
1522,8931,5879,779
81,875
96,621
MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000 «..10,000-50,000650,000 and overClasses grouped
Total
1273430137
138 16 3
228
645685
1,521814780
5,570
7,142
17,156
569698
1,5971,8241,1928,344
19,841
34,063
497531886633912
5,143
7,146
15, 747
1,9552,3884,6154,7624,950
26,982
54,999
100,651
898615975
1,584561
2,193
613
7,438
8710424280
256521
521
1,811
125130324750
1,1756,525
21,051
30,079
1,4911,7953,4231,9102,153
10, 295
22,856
43,924
7 7787 3037 504
370712
7,079
8,555
15,132
2,8562,3335,5653,8782,478
18,666
23,849
59,626
4(8)
2
51
57
2,8832,3615,6163,9772,562
19,027
24,387
60,813
7 3577 1627 4147 3147 433
7 1,338
*7 1,886
7 4,904
7 3577 1627 4177 3187 488
7 1,377
7 1,958
7 5,078
104764
764
367
1,637
2,197
ao
3o
i
For footnote, see p. 182.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, shotving certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash, inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets-Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales 2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts *
Compilednet profitor deficit8
Statu-tory netincome or
deficit
Cashdivi-
dendspaid
MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING N E T INCOME
Under 5050-100 _ . .100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000650,000 and over «Classes grouped
Total
97637241926917516017
6 1261
2,401
11, 68212, 97525, 65827, 77831,39269, 21821, 573
52, 715
252, 991
4,9236,055
14, 29518,98423, 87455,53416, 251
46,086
186, 001
4,4605,824
19, 22436,11449, 223
139,14143, 028
133, 744
430, 758
22, 48326, 68765, 64694, 681
123,463327,264110, 906
341,854
1,112,984
6,3146,705
13, 05616, 63313, 67526, 2714,205
14, 523
101, 382
422463
1,9154,2094,207
10,1352,640
5,910
29,900
5911,4604,5238,728
17,18149,43415,648
36, 320
133, 885
12,51513, 58530, 58838,08847, 465
113,78344,969
124, 910
425, 902
1,6443,158
13,31423, 53237,438
117,22039,506
117,237
353,049
82,80583,409
159,172165,354152,671279,97582, 710
166, 322
1,172, 418
3,1051,040
5631,5602,7065,860
364
1,212
16,410
86, 55385,097
161,096168, 744157, 746292,28486, 544
172,541
1, 210,605
1,0221,3813,4565,1805,939
14, 7264,055
10,493
46, 253
1,0121,3643,3795,0165,692
13, 2793,348
7,822
40,911
164341
1,0952,3523,1699,5872,603
13,100
32,411
M A N U F A C T U R I N G : T E X T I L E S A N D T H E I R P R O D U C T S — R E T U R N S S H O W I N G N O N E T I N C O M E
Under 5050-100100-250 __.250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 650,000 and over e____Classes grouped
Total
6, 5011, 4481, 368
691460482
596 51
61
11,061
42, 62736,10859,80652, 33360,249
161, 42659, 254
127,936
599,739
26,83125, 78947, 58448, 79661,164
174,18870, 558
139, 740
594,649
27, 57228, 36382, 048
112,063153,874496, 722226, 689
447, 375
1, 574, 706
108, 209102, 614219, 326246,062323,060
1,000,631411,806
917, 071
3, 328,780
43, 96431, 07462, 33947,65750,171
115,12732,614
48,228
431,175
3,3624,866
12, 78714,09417,03745,76630,601
51,499
180,014
7,7517,571
24, 74938, 59252, 560
184,08686,891
167,824
570,024
96, 59669,661
138,583131,150170, 559457, 913203,033
342, 945
1, 610,439
7 52, 2447 15,610' 28, 502
4,40622,810
158, 60329,078
250, 624
369,164
329,355215,949303,538245, 761248, 590615, 520237,102
367,580
2, 563,396
11,8282,4175,0711,6601,3614,1081,270
1,627
29,341
343, 615219,988312, 553251, 240254,819632,813244, 749
381,137
2,640,914
7 34, 5507 18, 5867 27,8707 26,9617 32,3797 75,1297 38, 241
7 65,091
7 318,807
7 34, 5927 18, 6267 28,1087 27,2927 32,9047 77,1477 38,823
7 67,945
7 325,436
334394976
1,5062,4007,4403,720
9,707
26,476
y iOGO
oH
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,000 - - .1,000-5,0005,000-10,00010,000-50,000 6
50,000 and over 6
Classes grouped
Total
15191
1114725224
6 361
455
1,6133,3107,6036,8295, 896
12. 3528, 213
66, 635
112,451
9351, 5554,5894,4685,090
12, 4665, 342
28, 573
63, 018
7371, 3334,1543, 4034,1528, 250
11,625
43, 245
76, 899
3, 5336,776
18,27516,80017,10344, 61629, 295
163,136
299, 534
9471,7633,9582,8342,2143,2012,283
2,976
20,177
48106239429157
1, 532741
3,252
120465
1,3921, 6654,9469,4953,764
29,247
51,096
1,8113,1067,1095, Oil6,358
11, 8978,012
91,784
135,087
421922
4,7756,2272,748
15,9128,134
34,359
73,499
11, 65720, 97245, 29733,07025,95663,91739, 230
124,920
365,020
27230137194461
253
29
1,017
12, 05521, 46045, 79133, 51526,28565,10939,876
126, 729
370,820
198446
1,0651,019
9243,3771,344
11,030
19,403
192445
1,058992909
2,8041,250
10,981
18,631
40103405358441
1,735935
12,162
16,179
MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NO N E T INCOME
Under 50 _50-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 _ . .50,000 and over
Total
8912442721528774134
1,737
5, 9625, 536
12, 81514, 44415, 27533. 83219, 20610, 746
117,815
4, 9695,026
11,87015, 73315,18848, 75326, 72716, 903
145,169
4,2844,772
11,40413,81418,24940,17022, 38618, 036
133,114
17, 39717, 34542, 59852, 58961, 882
156,64692, 47861, 576
502, 512
6,6605,187
10, 7309,7608,681
19, 8338,5064,210
73, 568
510733
1, 8362,4442,3238,0516,225
8
22,129
1,5222,1155,3269,464
12, 06639,16515,84424, 253
109, 754
15, 66511, 49123, 65228,27932,83981,10225,12318,847
236,997
7 8,0417 3,369
7 59889
2,7223,014
31,0544,835
29,707
42, 27331, 50563, 71057,66347, 538
114,29368,01028, 487
453,479
4972136
10113
383806372
2,228
43,18431, 88164,80059,06748, 756
117, 55969, 95329,352
464,552
7 5, 3987 3, 3677 5, 9057 7,6807 7,378
7 15, 5837 9, 2197 4, 250
7 58, 780
7 5, 4017 3, 3727 5, 9347 7, 7617 7, 481
7 15,9057 9,4157 4,396
7 59,664
93143133505559
1,313651916
4,314
IoGO
3oo
M A N U F A C T U R I N G : R U B B E R P R O D U C T S — R E T U R N S S H O W I N G N E T I N C O M E
Under 5050-100100-250250-500500-1 000 6
1,000-5,000 __ , _ _5,000-10,000 6
10,000-50,00050,000 and over 6
Classes grouped._ .
Total
29141816
13c 2
6 1
95
268297704
1, 290
7,398
29, 439
39, 396
160196400797
4, 239
24, 706
30, 498
213385
1,5042,928
9,772
59,619
74, 420
7341,0142,8665,998
27, 620
144, 706
182, 939
195181407315
1,468
3,426
5, 993
3748
169416
769
19, 229
20, 668
68298649
2,299
47, 549
50,861
413364
1,0952,958
12, 463
22, 379
39, 673
55325777
1,438
9,841
45,025
57, 460
1,7251,7614,3635,613
26, 580
84,036
124,079
246
72
77
114
248
1,7551,8174,4025,675
27,088
86, 952
127, 690
80106236308
1,157
1,184
3,071
64106235296
986
1,088
2,775
265539
178
985
5,085
6,368
For footnote, see p. 182.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 81, 1982, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash,inotes,
and ac-countsreceiv-able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets-Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Gross 2Gross
receiptsfromopera-tions 3
Totalcompiledreceipts4
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-dendspaid
MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NO NET INCOME
1
1o
Under 5050-100.100-250250-500500-1,0001,000-5,0005,000-10,000
10.000-50,000--..
50,000 and over-
Total
1785168372836
583
414
718845
2,4342,3142,822
14,2375,538
22,989219, 790
271, 687
679498
2,0571,6192,852
12, 0245,299
15,01561,285
101, 329
1,1481,6214,7395,699
11,13842, 04221,99767,247
190, 452
346, 084
3,0273,600
11,14413,10221, 20477, 22738, 622
135,429727,620
1,030, 977
1,5261,1042,3972,7322,165
15, 572656
26,685144,841
197, 676
193293
1,184725
1,1387,2942,362
18, 638167,310
199,136
215465
1,4671,4104,906
20, 5747,068
45, 053105, 723
186,880
2,2652,186
16,0678,3368,156
27, 25018,41955, 292
271, 856
409,827
7 1,3547 528
7 10,22171, 002
3,4845,0219,059
7 24,82815,087
7 5,281
4,9963,130
10,0158,449
12,85358,08714,84059,791
310,120
482,280
24
4342
6265712
1,777
1,987
5,0893,179
10,1388,588
12,96860,34415, 27861,047
333,676
510, 307
7 6757 307
71,4837 984
7 1,8787 2,9587 2,6287 9, 583
713,458
7 33,954
7 6757 307
71,4897 1,0047 1,8957 4,7457 2, 6747 9,946
n 8, 7517 41,487
209
7415890
1,565131778
10,13812,937
MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING N E T INCOME
Under 5050-100__ __100-250250-500500-1,0001,000-5,000 6
5 000-10 000 6
10,000-50,00050,000 and overClasses grouped
Total - . .
21092
1025437
6 236 2
520
1,5312,2784,6835,1856,906
12, 379
32,962
9891,2243,3793,7604,100
6,173
19, 624
1,8232,6896,1527,6938,919
19,310
46, 585
4,7286,692
16, 29918, 98424,947
57,277
128,926
1,1081,5822,6542,3802,068
6,634
16,425
243316738246421
2,663
4,626
137251822947
3,328
6,133
11, 618
4,0383,2648,2599,6079,560
20,640
55,369
7 1,009922
2,9634,6138,844
18,347
34, 680
7,6868,805
17,53816,14716, 551
22,116
88,842
40489512941
2,832
3,447
8,2969,229
17,93516, 57617, 222
26, 265
95, 523
200330783711881
3,028
5,933
196328765677799
2,435
5,198
184108603592
1,039
2,940
5,466
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 50.. __..50-100100-250250-500500-1,0001,000-5,0005,000-10,000..10,000-50,00050,000 and over
Total
2,157960
1,18757335332247253
5,627
12,15015, 93440, 52039, 73743,14483, 75940,81544, 03650, 750
370,843
10,39314, 74342, r~~41,97348, 37087,87326, 27532, 34513, 285
318, 066
19, 65331,16981,85888, 343111, 085339,133214,712316, 621199,123
1,401, 698
46, 47569,149188, 648202, 771244,194631,199335, 615499, 210358, 238
2, 575,499
18, 73120,91343,88337,76441,62478, 74349,83231,39126,865
349,746
3,3456,22013,61711,27316, 78454,39831,21365,25646, 709
248,815
2,45:3, 52611,84816, 90322, 32066, 81214, 43133,119
171, 417
46, 26547, 292114,940125, 241118,359297, 042138,816177,136104,410
1,169, 501
7 27, 0007 13,5677 5, 8182,346
29, 704105, 01075,551136, 860161, 338
464,424
46,10344,949104, 30489,10190,883167, 76662,76658, 55134, 230
698,653
634179
1,296273747
2,6651,77711,611
725
19, 908
47, 82246,178108,19092,11095, 676180, 57468,38276, 49537,535
752, 962
7 13, 6047 11, 5567 26,1417 28, 2437 24, 5857 46,0177 17,3477 24, 453
7 200, 772
7 13,6147 11,5847 26, 2347 28, 4427 25,1257 48,1277 17,6117 24,9497 9,195
7 204,882
181406
1,669987
1,6783,6841,4221,894
11,921
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000._._10,000-50,000 8
50,000 and over «____Classes grouped
Total
8678
101686058
646 1
468
MANUFACTURING:
7331,9765,0305,4869,676
22, 92615,120
14,877
75,823
3821,1363,0363,7595,498
11, 6207,552
9,796
42, 780
6631,9697,100
10, 37018, 27458,83835,191
84,150
216, 554
P A P E R ,
2,0085,791
16, 97223,93242,174
119, 00176, 499
150, 525
436,902
PULP, AND PRODUCTS—RETURNS SHOWING NET INCOME
493996
3,1532,3252,7925,8753,214
3,099
21,947
50322645
1,1231,2085,2966, 214
24,732
39,589
80504
1,4761,7703,904
14, 02614,320
18,043
54,123
9993,0696,9989,098
16,13745,45723,967
73,432
179,157
161580
3,9588, 735
15,93843, 70225,466
28,131
126, 670
4, 2779,277
28, 08328,10839, 53474, 78341, 937
54,827
280,825
9278125
471,376
57
642
2,310
4,3939,436
28, 40328,60440, 20978, 21343, 277
57,661
290,197
90288952
1,3632,5296,3583,391
2,842
17,812
90282944
1, 2552,4075 9753,083
2,360
16, 396
50161440
1,0172,0564,5351,939
3,958
14,154
Under 5050-100100-250250-500 _ .500-1 0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
56722628913810915121316
1,538
M A N U F A C T U R I N G : P A P E R , P U L P , A N D P R O D U C T S - R E T U R N S S H O W I N G NO
3,6023,3879,4208,574
10, 72936, 37314,75644, 65358, 514
190,008
2,3733,0998,1987, 856
10, 44138,16015,16246,94528,871
161,104
4,9477,398
21, 42624, 70141, 578
193,41496,538
293, 320282,190
965, 513
12, 55816, 27746, 93349, 70276, 058
310,348148,360503,318743,319
1, 906,873
4,8094,0939,4437,4499,251
33, 0077,916
20, 66253, 461
150,090
4031,1163,3464,5567,448
38,64729,28465, 653
148,542
298, 995
6821,0525,9705,5957,960
48, 41820,65471, 055
129, 608
290, 993
9,9129, 944
22, 60221, 70826,855
123, 09161,911
222, 307226,431
724, 759
7 3, 5907 836
3,8768,280
21, 83952,89223,69696, 289
139, 205
341, 650
18, 68719,11842, 80140,89848, 771
157, 99662,302
157,894115, 976
664, 443
NET INCOME
11124
80fi28
171247463
2, 8314,171
8,853
18, 94019, 40044, 27741,87649, 752
160,99463,913
167, 549145,165
711,865
7 2, 4137 1,8227 4,1077 3,9627 4, 649
7 20, 6997 5, 971
7 17, 0997 13,316
7 74,038
7 2, 4217 1,8487 4,1857 4, 0267 4, 746
7 21, 2607 6,019
7 19,1747 16,080
7 79,760
3452
364280388
1,920827
5,4342,117
11,415
s(i
1o02
For footnote, see p. 182.
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash,inotes.,
and ac-countsreceiv-
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets—Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts4
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-dendspaid
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES-RETURNS SHOWING NET INCOME
Under 5050-100100-250 _-250-500500-1 0001,000-5,0005,000-10,00010 000-50 000 6
50,000 and over6
Classes grouped
Total
86729235020213510227
6 166 2
1,993
6,6896,68416, 58916, 91520, 40448, 90828, 253
300,152
444, 593
1,1591,3593,5854,2806, 249
10, 6636,525
14, 502
48, 322
7,2457,23918,19624, 90235, 60459, 09371, 770
268, 746
492, 795
18, 57820, 914' 54, 61271, 70595, 267196, 665175, 920
1, 097, 507
1, 731,168
3,5962,4875,2675,8478,29616, 5726,070
289, 338
337, 473
713650
2,2193,9887,80015,10519,830
115, 286
165, 591
4761,1281,9665,5148,96719,37211, 944
70, 653
120, 019
9,77210, 36124, 03726,46131, 24954, 67238, 325
288, 327
483, 203
2,4435,17018, 25025, 45133, 38980, 60089, 258
305,027
559, 589
22, 85518, 29840, 95237, 79545,01171, 58951, 815
88,897
377, 212
7,7757,31018, 29629,10033, 48161, 21459, 811
250,311
467, 298
31, 28426,0496Q, 81068,09380,808137,934115, 025
357,023
877,027
1,3731,1913,6694,7107,137
13, 01215,199
19,185
65, 477
1,3491,1533,5494,5226,35012,19813, 812
14, 872
57, 805
7981,0332,5693,5034,1888,43914, 022
19, 618
54,171
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over-
Total
5,8061,2468623361781391514
8,596
30, 99222, 49730, 10524, 40924, 70053, 78215, 28336, 284
238,051
8,5478,53514, 32311,33310, 62624, 2215,665
11, 938
95,187
48, 31534, 66151, 85543, 68947, 32399, 80226, 43259,100
411,177
107, 01887, 575132, 534115, 545123, 820272, 753101, 579262, 405
1, 203, 229
35, 94722, 10528,18019, 94125, 24035, 03212, 03248, 021
226, 500
7,0315,11012, 48111,49411, 09134, 03513,46443, 987
138,692
4,3715,0439, 21310, 57311,44731, 34419, 77429, 982
121, 746
75, 78150,88865, 95248,40845, 62382,83023, 92384,176
477, 582
7 25, 6957 2, 4617, 461
15, 10819, 50467, 77125, 70539, 348
146, 741
115, 04176, 31592, 02672, 58758,881108, 55214,11969, 725
607, 246
37,33815, 35921, 78820, 41427, 68164, 95431, 36337, 881
246, 778
144,18693, 658116,01995,85089, 817181, 74548, 738116,160
886,173
7 18, 8917 10, 3547 11, 5237 7, 3817 9,1557 12, 5427 3, 549
7 10, 749
7 84,143
7 18, 9477 10, 4017 11, 7027 7, 7237 9, 548
7 14, 3297 4, 5157 15,132
7 92, 297
555507645
1,0871,2693,4731,2737,806
16,614
O
g
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
549243315173140157303014
1,651
4,0145,40715,12217, 42927, 56485, 54143, 577138, 868402, 882
740, 404
1,8812,7687,6358,66812, 90544, 28235, 384103, 076356, 486
573, 085
2,6834,98015, 54919, 04228, 182100, 55579, 423287,120
1, 591, 865
2,129, 399
11, 20217, 33750, 08562,88792, 864340,811210, 580753, 355
3, 820, 092
5, 359, 213
2,5953 0266,4636,13710,13132, 2249,710
86, 607105,137
262, 029
288562
1,0571,5842, 2378,1636,3234,948
227, 372
252, 534
745693
3,5544,3167,597
34, 47715, 63879, 753
204, 549
351, 321
7,8699,120
22, 58027,96134, 932125, 32786, 430353, 541
1, 798,145
2, 465, 904
7 9513,14413, 66220, 47933, 673116,28276,896187, 788
1, 201,185
1, 652,158
19, 5G926, 37465, 61368, 26793, 401
270, 820161, 185421, 054
1, 410, 500
2, 536, 724
22862
1,3222,2922,0356,4264, 7457,225
69, 243
93, 579
19, 97526, 67468, 26871, 55497, 210
284, 280169, 251439, 530
1, 588, 907
2, 765, 649
1,1021,1664,2915,8488,91532, 86221,19041, 352125, 388
242,115
1,0951,1444,1685,6908,613
30, 38120,00937, 21458, 357
166, 678
459472
2,3163,4336,474
26, 43615,94439, 318
177,171
272,022
MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NO N E T INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
2,627687727318205173363216
4,821
10, 47511,33024, 72823, 52630, 43560, 69741, 11898, 739
803, 589
1,104, 638
7,3105,98414, 91713, 69918, 69547, 51428,19174, 692
562, 922
773, 925
12, 42216, 21044,04243, 33954, 628144, 083135, 466386, 311
2, 747, 623
3, 584,125
44, 50548, 964115,471109, 458142, 062356, 851254, 431708, 577
6, 385, 662
8,165, 981
16, 59112, 66926, 22619,15920, 00753, 95625, 382103, 436490, 978
768, 405
2,2663,0896,2806,4699,11826,77530, 01855,028770, 484
909, 528
3,4183,69610, 08615, 24618, 96556, 68827, 782105, 763268, 465
510,109
38, 29634, 41870, 86058, 39869,190155, 637117, 182356, 131
3,116, 445
4, 016, 558
7 20, 6247 7, 9227 2,8783,60919, 48245, 93317, 67058, 931
1, 439, 546
1, 553, 747
48, 07939, 58385, 83268, 81382, 958203, 513103, 877272, 971
2, 254, 776
3, 160, 401
727378
1,239486
1,05612, 9266,736
25, 892255, 428
304, 868
49, 31440, 47788, 67070, 64785, 594221, 959113, 608307, 927
2, 702, 758
3, 680, 954
7 8,1887 4, 883
7 10, 6897 8, 0457 8, 526
7 19, 2847 14, 3597 37, 5377 67, 036
7 178, 549
7 8, 2007 4, 895
7 10, 7937 8,1257 8, 7537 20,8917 14, 8657 40, 5297 99, 791
7 216, 841
For footnote, see p. 182.
195184398674
1,3165,4741,5174,122
92, 651
106, 532
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS—RETURNS SHOWING N E T I N C O M E
Under 50 -50-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50 000 650,000 and over •Classes grouped._.
Total
13585823138295
6 561
411
9481,7004,0222,6906,67812,8118,307
23. 473
60,629
626810
1,8561,5523,6588,9543,365
23,125
43,945
1,1552,3265,3374,40911,73927, 54611,830
70,923
135,266
3,1035,722
12, 79611,21327, 75563,74431,293
189, 548
345,174
5711,1311,7511,0972,4413,758482
8,207
19,437
110264454253
1,1361,286225
4,068
7,795
148134938645
2, 59513, 2821,320
26, 202
45,264
2, 2053,0245, 9924,3729,43419, 06513,085
74,852
132,029
7 68914
3,2174,38011,42925, 43314, 240
63,013
122, 557
3,2855,70913,09310,09420, 08640, 88113,145
70,874
177,168
822961461
10834150
748
1,773
3,4106,13813, 37510, 25521,01741,89513, 657
75,040
184,787
174282900603
1,3383,3271,635
6.436
14,695
173277880574
1,2283,0831,555
5.463
13,234
62132320279
1,0192,7782,895
8,474
15,958
tGO
3
§i
Ox
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash, inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets—Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
GrossGross
receiptsfrom
opera-tions 3
Totalcompiledreceipts i
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-dendspaid
MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250250-500500-1,000._1,000-5,0005,000-10,00010,000-50,000 6 __.50,000 and over 6Classes grouped
Total .._
1,48460764332917417125
6 256 1
3,459
7,5238,00315, 65914,88514,86935,84116,275
62, 916
175,971
6,0217,55814,73217,13216,02740,23616,119
60,119
177, 944
14,44122,92156, 77067,44568,212
231, 622114,113
463,679
1,039, 202
31,64743,806100,884116,117120,430369,371173,193
671,088
1,626,538
10,2539,11319,78917, 50614,08628,70410,897
25,372
135, 719
2,3053,8748,22910,07711,24849,85922,052
78,062
185, 706
1,2561,9438,46913,21315,84772,66431, 540
98, 863
243, 794
25, 26627,00957,65961, 78757,125157,00173,823
292,963
752,632
710,3767 625810
9,89115, 66343,89127,840
132,957
220,051
20,86919,60739,93742,90838,56088,60027, 715
182,421
460,618
520292460217414
1.320143
981
4,348
21,73820,33041,66844,45240,09893,02129,077
190,486
480,869
7 6,6457 5,1307 10,2197 11,0077 9,8537 26,275710,542
7 25,081
7104,753
7 6,6517 5,154
7 10,269711,1397 10,0207 27,0797 10,658
7 26,159
7 107,130
91191339718
1,0272,841788
7,413
13,408
MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NET INCOME
Under 5O._ _._50-100100-250250-500 „500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
69230334323113511218155
1,854
4,9446,84916,23022,85922,20555,82231,02355,477122,232
337,641
2,7964,07810,42514, 71718,03540,73016,53334, 35370,272
211, 939
4,9947,27519,00026, 25133,12673,17244,32072,418226,314
506,869
14,63521,84355,78181,83993,410236,118131,535303,191655,097
1,593,450
3,5843,5797,1989,1607,69211,2486,89414,16144, 449
107,966
465981
1,5752,0342,0137,0043,45611, 572
263
29,362
3761,2243,1536,9226,87123,49022,10724,57155, 714
144,428
8,60010, 51525,37834,45040.05784,53940,467148,258281,230
673,495
4494,21516,06026,16732,96495,21750,02672,424187,175
484,696
21,47328,13055,25379,85677,351173,54567,174139,455295,394
937,632
1,103434
1,4031,2861,1592,578133
13,38212,361
33,839
22,98729,00957,93782,76480,023181,24970,897161,884348,816
1,035,566
8841,2402,9194,0444,56811,5497,78920,85827,790
81,640
8801,2232,8483,8504.37410,2846,91916,23724,364
70,979
386656
1,6892,8443,7949,2728,459
20,78730,655
78,541
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MANUFACTURING: METAL AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME
Under 5050-100 _-100-250 __.250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
6,9302,3082,6751,394
89395614912736 1
33, 02532, 72180, 53980, 71296,861336, 927180, 553521, 558,457, 642
15, 468 2,820, 539
27,80733, 22685,41896, 994116,803372,039171,443384,750947,039
2, 235, 517
53,81868,404183,999214,086282,083869, 214439, 737
1, 284, 9234,904,453
136, 629165, 033430, 745491, 214626, 386
2,032, 0381,050, 9482, 936,2369,803, 365
46,18539,14183, 78576, 31480, 764185, 38468,985131, 621552, 341
8,300, 718 17, 672, 594 1, 264, 519 1, 520, 036 2, 111, 115
8,15812,04728,05635,84039,637134, 717104,050301, 640855,892
10,98610,95945,23255,88390,811298, 605161, 955467,127969, 556
118,298110, 598252,884262,212288,410934,728433, 360
1, 227,2922,953, 952
6, 581, 735
7 60,7727 16,3877 2,46536, 297100,554383,065217,709624, 744
3, 040,875
4,323, 620
122,869101,762222,300215,939251,068750,158342, 776879,705
2,136,717
5,023, 294
4,2,3222,6973,1182,249
4,24912, 478184,793
223,435
129,091105,886230,227225,165260,401785,119364,019934,953
2,448,349
5,483,209
7 32,1357 23, 2487 51,9307 55,6627 58, 794
7 188,1247 71,4767 213,1247 289,189
7 32,1817 23,3257 52, 3817 56,3797 60,1387 194,2977 74,5427 224,8477 324,270
11,042,360
408373
2,4252,4974,32219, 23611,49348,361174,344
263,460
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000.10,000-50,000 650,000 and over «L_Classes grouped __
Total
3861641688556466
6361
915
3,2144,3359,1129,606
11, 70923,10110, 081
46,344
117,503
1,5972,3395,2635,7477,056
14,0857,241
36, 497
79,825
1,8733,0907,3207,9259,440
26,04110, 613
85,332
151,635
8,32211, 58026,74530, 40737, 57990,99145,140
225,646
476,410
1,8242,5844,3242,7172,2035,1871,282
7,443
27, 565
162492843848493
3,7392,611
2,978
12,166
339554
1,7612,4894,5998,1523,536
13,613
35,045
4,4075,600
11, 66311,61515,97428,14918,260
58,807
154, 475
7991,5216,927
11,48512,83241,62417,289
111,462
203,938
13,72717,43731,85329, 78128, 62653,19514,623
11,056
300, 298
22251
903357279
3,6451,240
6,696
14,23017, 77133,29430,86029,48659,30518,148
119,384
322,478
579563
1,6871,3971,8296,9052,917
9,985
25,861
567558
1,6591,2321,7406,2732,474
9,766
24,268
152165780908
1,2274,1142,997
12,660
23,003
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 650 000 and over 6
Classes grouped
Total —
3,07372070437919317615
6 176 1
5,278
13,99913,32624,43927,47127, 79375,43618, 738
52,988
254,188
12,15311,31823,97027,04625, 72859, 65114,176
48, 663
222,705
15,15615, 63936,67045, 57949,757
132, 56929,388
138,011
462, 768
52,32051,908
109,880133, 201136, 588375,637100,385
460,210
1,420,128
20,18712, 24224, 67022, 30917, 47136,1694,433
51,815
189, 297
2,5563,3475,518
10,9769,966
30,17012, 318
57,683
132, 534
3,8524,106
11, 29215,10129,01056,79620,174
59,841
200,172
44, 52134,82769,15267, 23764,884
186,26539,841
173,126
679,854
7 23,9857 8,4467 6,824
9,1287,802
28, 74218,601
48,990
74,007
60,21341,03465, 78171,61662, 393
171,89434,480
130,976
638,388
1,327431
1,029970
1,0612,852
750
375
8,795
62,33842,11768,35574, 77465, 584
181,87836,993
140,140
672,178
7 13,2447 8, 508
7 13,0237 12,1067 14,8577 32, 2037 9, 229
7 30, 794
7 133,963
713,2957 8,532
7 13,0977 12, 2547 15,0617 33,110
7 9,429
7 31,180
7135,958
153295372737
1,3642,596
892
1,920
8,329
For footnote, see p. 182.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
Total assets classes
Num-ber of
returnswith
balancesheets
Cash, inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets-Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts 4
Compilednet profitor deficit 5i
Statu-tory netincome or
deficit
Cashdivi-
dendspaid
00
CONSTRUCTION: RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,000 - .5,000-10,000 6
10,000-50,000 fi
50 000 and overClasses grouped
Total
1,02728829214678716286
1,910
9,3359,053
19, 99521,61722, 37648,406
40,836
171,617
1,6851,4282,1162,1674,5928,529
4,276
24, 793
5,1605,937
11,79212, 2928,921
28, 522
32, 582
105, 205
18, 88520,60145,04352, 53057, 725
135, 550
121,903
452, 236
5,3615,3399,6909,811
11,33326,135
16, 026
83, 695
1,0711,0982,4091,8611,2577,566
20, 870
36,131
236531
1,2642,9472,9385,724
5,933
19, 573
9,8048,203
16, 26313,57818, 06423,961
24, 210
114, 084
1,0304,181
10, 23617,88817,11444, 538
29, 514
124, 501
21, 48415,07322, 85624,54515,83734,840
6,040
140, 675
24,51423,15147, 57838,38445, 79547,191
61,081
287, 694
46,82439,02371, 94964, 50663, 03286,640
68,826
440, 798
1,4861,5183,2674,0063,354
10,121
8,791
32, 543
1,4671,4843,1213,7742,8958,463
8,093
29, 297
373536
1,0721 8031,0605,558
6,014
16, 416
CONSTRUCTION: RETURNS SHOWING NO NET INCOME
iGO
33oo
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010 000-50,000 6
50 000 and over 6
Classes grouped- _
Total
9,2761,7601,452
53125916518
6 106 1
13, 472
61,85040, 34070, 28854,83447, 53590,16832, 464
42,083
439,561
16,92112, 39817,51012, 33412, 64623,1907,820
10, 384
113, 204
48,94545, 61977, 45159, 52260,161
101, 22549, 889
125, 650
568,463
151,831122, 875224, 306182, 456176, 220315, 781122, 258
393,335
1, 689, 063
58, 87237,14460,07745, 35639,99452, 64823,652
47, 053
364, 796
11, 82811, 67322,13220, 84518,90926,70924, 700
101,110
237,906
4,1483,5216,3907,349
11,86528, 0624,599
54,979
120,914
101,61560, 39091,77961,17151, 60789,87941, 685
38, 741
536,867
7 37,936192
21,62525, 72126, 04371, 6827,328
93,201
207,856
139, 28869,87984,60852, 48235, 61555, 33813,950
74,788
525, 949
60,82941, 26966,79153, 23836, 72180, 4316,468
5,841
351, 588
204, 323114, 742157,617110,84177,112
145, 37323,977
109,200
943,185
7 35, 6347 16,159' 22,0847 15,8527 11,4387 12, 3457 3,018
250
7 116, 281
7 35, 7267 16, 3687 22, 5247 16, 4007 12,2007 15,6067 3, 709
7 12,931
7 135,464
885913
1,4641,7561,2973,6303,653
10, 230
23,827
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
2,810698726
10915287
12, 62210, 48218, 76520, 05023, 56673,11345, 276
186, 5161, 446,13r
5, 614 1, 836, 527'
8331,0011,5941,6442,4998,7887,23:
32, 976246, 412 15,
32, 76431, 63679, 61692, 567
137, 478689, 369638,979716, 401805, 558
51, 82349, 267
115, 472132, 449188, 458885, 583788,802
3, 359, 70821, 764, 423
7,8126,544
11, 89511,11717, 56759, 94644,608
198, 684 1,911, 143
302, 985 20, 224, 366 27, 335, 984 1, 269, 316 8,192, 531 2, 576, 543 10, 068, 400
2,0223,474
11, 48218, 32322, 464
207, 298203,088
, 113, 8606, 610, 521 2, 093, 250
6,7771,6244,4806,320
14, 37157, 37870,673
321, 670
,24, 7759, 67464, 53281, 956
364, 9782 9 7 , "
1,142, 6667, 999, 293
9,34120, 83623, 83443, 514
142, 560137,710405, 455
2, 998, 639
3, 781,191
65, 44441, 97562, 67151, 70967, 235178, 721139, 461519,875
3, 203,034
4, 330,125
68,47443, 93265, 79254, 45770, 931191,040149,183554,857
3,625, 667
4, 824, 333
4,0513,5517,7788,29712,18340, 59729, 484119, 910680, 234
4,0143,5047,5907,92411,51238,15427,335106, 964494,148
701,145
2,4012,1664,9014,9808,561
32, 65825,116115, 782725, 967
922, 531
TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME
11GO
o
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
7,8551,2941,114
483384426123126
28, 37315, 95026, 87422, 51120, 51961,50041, 978
173, 034128 1, 611,170
2,9442,0003, 1471,6893,625
10,4649,926
29, 578 , , ,347, 078 25, 725,041 39,
76,05157,904
112,956117,79199,147673,839673,342
2,197, 7335 725041
Total 11,933 2,001,908 410,45129,833,809 44,812,864 2,112,573 18,813,680 3,612,341 11,535,375 4,254,357 5,284,700 5,910,743
124,769 46,434 12,252 4,13590,535 26,560 12,931 4,088
172,473 38,646 31,322 18,246168,616 32,652 40,149 12,703271,084 44, 255 83,890 27,481924,155 108,566 337,602 78,274878,974 86,350 361,739 94,181
2, 975, 209 176, 551 1, 327, 759 342, 1419, 207,048 1, 552, 560 16,606,036 3, 031, 093
100, 90354, 994
103, 84778, 612
166,011311, 695245, 549750, 274
I, 723, 491
7 55, 3227 15, 3967 47, 45f7 11, 4757 83, 3517 23, 783
11,610130, 515
4, 349, 018
151, 73063,04775, 97850, 03362, 821
134, 08996, 781
449, 6664, 200, 556
158, 98965, 46380, 27052, 72670, 733
144, 418104, 463482, 360
4, 751, 322
7 20, 7177 9, 658
7 12, 7447 12, 0947 26, 3367 35, 3167 29,1757 70,172
7 348, 705
7 564, 916 7 785, 482
7 20, 7507 9, 708
7 12,8817 12, 2657 26, 5487 36, 2197 30, 5097 77,843558, 758
754371702700663
2,1821,86414,148
356, 396
377, 782
TRADE—RETURNS SHOWING N E T INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
11, 6553,2632,5671,008514390593213
19, 501
97, 23695, 879162, 622138, 505138,840250, 013128, 581178, 738287,894
1, 478, 308
61, 69456, 04392,41183,16179, 603173, 89279, 640116,030286, 381
1, 028, 855
57,11653,73990, 99774, 63677, 239179, 732115,147216,181318, 070
1,182, 858
238, 756231, 695401, 756349, 760359,165769, 956429, 670643, 727
1,198,185
4, 622, 669
59, 05349,15682, 74869, 50172, 491135, 70776, 662138, 263206, 922
890, 502
5,1878,07214,86811, 92212, 56928,13622, 92160, 25235, 706
199, 633
5,1887,16819, 85727, 69933, 70091, 87853, 36466, 545136, 399
441, 796
123,833108, 008172, 914132, 551127, 844241, 848129, 980158, 151409, 308
1, 604, 437
31,10047, 22091, 86291, 54092, 544
223, 762129, 756176, 587336, 370
1, 220, 740
699, 699566, 267958, 959804, 874701, 297
1, 382, 966744, 632926, 853
2,058, 707
8,844, 254
25, 69014, 47231, 32916,15915, 47422, 57410,88515, 46839, 462
191,514
736, 039589, 765
1, 005,891833,668730, 569
1, 437, 206773,599967,051
2,134, 959
9, 208, 746
12, 4469,42616, 90217, 63218, 56437,87522, 75336, 03380, 894
252, 525
12, 2769,10316, 31816, 88817, 66034, 81520, 74832,11571, 654
231, 577
5,2945,05510,19910, 51210, 47424, 47313,82419,14570, 494
169, 470
For footnote, see p. 182.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1982 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
00
o
Total assets classes
Num-ber of
returnswith
balancesheets
Cash,inotes,
and ac-countsreceiv-able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets—Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Gross
Grossreceipts
fromopera-tions s
Totalcompiledreceipts *
Compilednet profitor deficitB
Statu-tory netincome or
deficit
Cashdivi-dends
TRADE-RETURNS SHOWING NO NET INCOME
Under 50-50-100100-250250-500500-1,000 ._1,000-5,0005,000-10,000.10,000-50,000
50,000 and o v e r -
Total
68, 54914,36510, 5693,5761,62499410059
437,355367,876569, 622409, 682345, 729578, 239182, 688264, 698413, 442
99,845 3, 569, 332 2, 339, 462
382,010271, 245390, 510284, 496248, 724343,186109, 867139, 565
291, 409247, 562421, 475322, 689286, 818488, 259189, 595369, 401358, 269
246, 519009, 212617, 386238, 441105, 954859, 410683,483144, 515230, 963
2, 975, 477 11,135,882 2, 552, 284
479, 009289.144403, 200269, 368217, 205308.14599,329151,01,335, 86'
47, 78456, 751116,00889, 23084, 951169,90157,543167, 755214, 082
39, 97540, 111102, 786107, 447122, 904261,850110,894240, 40;149, 530
1,004,010 1,175, 905
903,359587, 449827, 202593, 280478, 664728, 405257, 701313, 999325, 247
5,015, 307
7 336, 9067 21, 50376,153115,351140, 462290, 365102,949221,890126, 783
2, 707,1181, 578, 4292,088, 9311, 389, 2841, 079, 4681, 719, 258562, 460838,979797, 629
715, 544 12, 761, 555
76, 76925, 00337,82526, 599
40, 6027,42219, 51711, 093
2, 826, 2211, 630, 9632,171, 0571,452,8111, 134,1801, 830,169597, 292905, 471851, 719
263, 796 13, 399,884
7 242, 0817 118, 5697 160, 6287 107,0637 83, 319
7130, 5077 36, 7287 46, 9317 32, 070
7 957, 895
7 242, 4297 119, 0787 162,1287 108, 5477 85,843
7 136, 7677 41,1427 52, 4667 36, 645
7 985, 046
5,7244,378
7,3779,85018, 2366,2168,26511,016
79, 748
OGO
o
oSERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.-RETURNS SHOWING NET INCOME
Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 650,000 and over 6
Classes grouped ._
Total.
3,39079980738324617817
6 126 1
5,833
19,14015, 66127,67226,51428,73653,0639,531
28,360
208,677
2,2321,4573,0591,9402,9586,5591,724
23,709
43,637
25,08028,98970,10880,803
108, 036241, 58386,099
181,181
821,880
57,61257,243
127,599135,381170,100376,055116, 786
332,706
1,373,482
12,6828,986
15,19315,22716,02420, 796
6,163
9,015
104,086
2,8905,441
18, 76722, 59332,94498,39946,552
84,990
312, 575
1,1551,6485,9059,522
12,76048,13512,659
41.912
133,696
30, 56226,10150, 64543,63554,258
114,79227,377
98,041
445,410
5,36710,70327, 48634,43437,35558,60215,630
74,208
* 263,786
114,09861,21698,12387,133
100,273109,08866,067
147,828
783,827
119,06564, 242
105,13994,110
111,616134,08376,602
178,068
882,926
5,6023,8417,5507,7437,973
13,5215,651
16,467
68,348
5,5583,7387,1397,5497,443
12,5935,188
13,503
62,712
2,9542,0683,8604,3665,3859,8617,359
13,937
49,791
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NO NET INCOME
Under 5050-100100-250250-500500-1,000 __1,000-5,0005,000-10,00010,000-50,00050,000 and over
Total
18,1213,5173,536V
90310448
28, 719
56, 66835, 25456,18340,00648, 762111, 13423, 65656,139
230, 927
658, 730
9,8565,8597,5435,4877,47315, 3341,8568,571
39, 835
101,814
163, 094164,473409, 502413, 408538,542
1, 386, 364580, 035619,656534,532
4, 789, 605
286,895248,380.558. 743526, 250689,128782,024671,189819, 376524, 254
7,106,239
111,14263. 636105. 27fi70, 72884, 703166, 58834,98685, 260149, 672
878,991
35, 24963, 746170, 898199, 310292, 505808, 732363, 733362,159399,136
, 695, 470
11,07810,96329,10434, 03848, 147154, 89577, 054106, 9539,591
481, 822
195, 841127,013218, 645172, 452200,511467, 225145, 772140, 985348, 925
!, 017, 368
7 100, 3457 41,6567 18, 216
7 6077 9, 08331, 6887 4, 46357,090
533, 733
448,141
426, 482169,489214,418108.001110,514247, 76663, 335152, 298257,292
1,749,594
449, 247183,940246,828136,933144, 602327,37692, 886176,522312,176
2,070,512
7 63, 7877 36, 7167 34, 2327 25,0947 30, 6127 87, 2317 29, 3437 40,7647 91,521
7 439,300
7 63,9357 36,8487 34, 7777 25, 6527 31, 3617 89,8337 30,0317 41,5297 99, 210
7 453,175
1,210751
1,5271,6601,7852.354
9141,7109,107
21,018
FINANCE: BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.-RETURNS SHOWINGNET INCOME
11OGO
3o
i
Under 50.50-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over
T o t a l . .
7,7683,7914,8952,5371,6311,574
240179501
57, 39387, 293
267, 792284, 420343, 055976, 977382, 216909, 311,937,489
22,665 5, 245,946
1,5631,3544,4292,4302,5218,5871,245
22,808
74,128,331,350,397,911,368,285,224,476 19,
, 706, 697,310,227,523, 639, 629,908
168, 971273, 609787,121896, 375137,113308, 733645, 708824, 623421,461
3,073,115 31, 463, 714
29, 66837, 26798, 34183, 38683, 657212, 06996, 232172, 672108, 232
18,59737, 551117, 651125, 535161, 382399,872168, 462267, 35839,125
921, 524 1, 335, 532
5,32310, 82134. 30139, 13344, 811125, 49858,048252,19864, 385
634,519
102, 370120, 880280, 652284, 948321,699862, 572395, 600623,144357, 333
3, 349,198
1,21135,18097,136146, 077199,618594,376361, 395622, 793
1, 223, 825
3,281,611
82, 58546, 98790, 40869,474185,515169,57086, 383
281, 710100, 927
1,113,558
105, 29075, 600164. 865142,217265.264379, 758183,932467, 648933, 686
2, 718, 260
9,0839,417
21, 57122, 89025, 62370,10842, 76290, 656178,059
470,169
8,7458,99719, 31019, 76919,45845, 83223,18146,02181, 263
272, 577
5,8847,46215,29616, 42718, 30843, 51527,95554,47058,893
248, 210
FINANCE: BANKING, INSURANCE, REAL ESTATE AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWINGNO N E T INCOME
Under 5050-100100-250.. -.250-500. „ - -500-1,000 _J1,000-5,0005,000-10,00010,000-50,000.50,000 and over
27,03912,98017,0559,6,456 1,6, 522 4,
Total 81,476 28,981,387
140,099194,134694,515958,489
L, 410,923I, 358, 293
917 2,102,186699 4, 470, 549182 14,652,198
6,79110,40523, 65622, 23223, 73135, 6792,3042,383
731
318,131561,050422,633423, 963484, 258816, 029857,036280,397.
574, 345934, 968
2, 752, 4103,403, 7094, 535, 571
2,816, 029 13, 510,209" 6,298,869
811 13, 643, 496175 33,635, """393 1,
171,259,394,386,425,957,390,632,
L. 084,
705730679513854599 1241
127, 912 11,561. 085 79, 288,969 4, 703, 061 8, 059.078 2, 626, 252 13,024,867
142, 239266, 050744, 543763,097786, 930, 637, 262787,114
1, 603, 7691, 328, 074
42, 79128, 86594, 031129.118163,004537, 834239, 284594, 413796,912
370,611378, 258854, 307893,401079,148882,123177, 566052, 203337. 250
7 204. 2557 45. 984
3,752110, 573252, 693
1, 298,131688, 784
1, 513,1443, 720,063
7,336,904
140,28869,017159,322145,97986,197
350, 879171,169504, 473412,123
2,039,448
202.113134, 353328, 589335,509315,561979,101447,168
1,071,7491, 623,081
5,437, 224
7 107,9727 54. 584
7 126, 4567 115,7387 144, 6697 354,3467 203,0027 239, 2507 77,665
71, 423, 681
7 109,7807 57, 504
7 135,5957 130, 3357 171,9727 472,9307 268, 9547 392,9557 398, 573
2,138,598
3,9033,4626,7009,17113, 82265, 75940, 428107,717253, 716
504, 679
For footnote, see p. 182. 00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 17.—Corporation returns for 1932 with balance sheets, by major industrial groups and by total assets classes, showing certain items ofassets and liabilities as of December 31, 1932, or at close of fiscal year nearest thereto, certain items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued
[Money figures and total assets classes in thousands of dollars]
00to
Total assets classes
Num-ber of
returnswith
balancesheets
Cash, inotes,
and ac-countsreceiv-
able
Inven-tories
Capitalassets
(less de-precia-tion)
Totalassets-Total li-abilities
Notesand ac-counts
payable
Bondeddebtand
mort-gages
Capital stock
Pre-ferred Common
Surplusand un-dividedprofits
lessdeficit
Grosssales2
Grossreceipts
fromopera-tions 3
Totalcompiledreceipts4
Compilednet profitor deficit5
Statu-tory netincome or
deficit
Cashdivi-
dendspaid
Under 5050-100100-250250-500500-1,0001,000-5 0005,000-10,00010 000-50 00050,000 and over
Total ..
11314121165
161
782489700
1,8761,5963,489
8,931
N A T U R E OF
301
43
75
16312233296294
2,015
3, 68*
BUSINESS NOT
1,409925
1,8793,9704,6488,605
21, 435
472320
8788257
1,878
3,723
GIVEN—RETURNS SHOWING NET INCOME
1440
(8)41044
508
46275
121170
828
2,1371,4373,1001,2324,7293,376
16,010
7 2,0177 1,0197 1, 546
5297 443
3,340
7 1,156
4037167
37767
984
513105106570177142
1,614
130239975
13480
543
1302098598969
465
7114
1122919
245
Under 5050-100100-250250-500500-1,000 - -1 000-5 000 6
5 000-10,000 6
10 000-50 000 6
50,000 and over
Classes groupedTotal
7561161083828
6 256 16 1
1,073
3,2113,0483,8582,8664,499
8,107
25, 590
N A T U R E OF BUSINESS N O T G I V E N - R E T U R N S S H O W I N G NO
23620857917973
3,065
4,340
2,9252,0285,4062,4835,754
17, 996
36, 592
9,0998,216
16,15412,67619,045
63,689
128,878
8,3363,2007,3834,3292,170
7,697
33,115
917377
1,320890
1,455
1,154
6,113
2,3582,2063,494
4351,486
31,543
41, 522
26, 6477,653
13,82611, 6797,857
30,948
98,609
7 31, 5417 6,012
7 11,5827 5,042
4,789
7 9, 455
7 58, 843
N E T I N C O M E
2,225397943199248
172
4,184
2,536503
1,102412333
432
5,318
7 2, 6257 643
7 3,1387 6577 386
7 246
7 7,695
7 2, 6897 663
7 3,1827 6917 401
7 374
7 8,001
26791411530
321
765
1 Includes cash in till and deposits in bank.2 Gross sales where inventories are an income-determining factor.3 Gross receipts from operations where inventories are not an income-determining factor.* Includes net profits from the sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from these items. Exclude nontaxable income, other than interest 00
tax-exempt obligations and dividends on stock of domestic corporations as reported in schedule L of the return.s Compiled net profit or deficit is total compiled receipts less statutory deductions.6 Classes grouped to conceal data reported and identity of corporation. 7 Peficit, 8 Less than $500,
O
wo*1
oK
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 183
TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,showing for returns with net income and no net income, number of returns, grossincome, net income or deficit, and tax; also number of returns for inactivecorporations 1
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included see pp. 1-5]
YearTotalnum-ber of
returns
Returns showing net income
Num-ber
Grossincome 3
Netincome Tax
Returns showing no net income2
Num-ber
Grossincome3 Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
AGRICULTURE AND RELATED INDUSTRIES
19231924192519261927.1928.1929193019311932.
9,3609,7589,904
10, 6889,905
10, 26510, 61510,96111,01410, 977
3,9144,5304,6624,6984, 4454,5044,4073,4752,5461,153
605, 394566,072572, 215615,141633, 782636, 641636, 227363, 718215, 096133, 034
92, 20164, 23076. 86270,81278, 57780, 47672, 80140, 48414, 0025,979
9,7916,7338,6048,1759,0548,2176,7834,0411,201
675
5,4465,2285,2425,9904,4604,6795,0236,4317, 3548,615
168,179243, 661221, 340249,342188, 645188, 503246, 280307,122276, 868235,120
49,93062, 49859, 21555, 66561, 89350, 09253, 54386, 37098, 77894,962
1,0001, 0821,1851,0551,1141, 209
MINING AND QUARRYING
1923.1924.19251926.1927.1928.192919301931.1932.
18, 50918,45319,16319,25218, 51918, 79318, 26117, 63517, 58017, 218
5,1754,8935, 4886,0065,2325,1835,2114,7003,8322,868
2, 676,0722, 589, 8503, 711, 4073, 207,9422, 259, 8502, 501, 4683, 031,4051,611,228
732. 720537, 578
283, 566240,142453, 600455, 798276, 309332, 679430, 527194,11871,15462, 675
30, 77728, 38955,04957, 30834, 89836, 75144,31921, 4747,2117,445
13, 33413, 56013, 67513, 2467,8047,7507,2917, 5338,2919,178
2,186,9272, 258, 6981, 213,4391, 339, 7591, 576, 9861,087, 7451,016,1841,388,2381, 496, 5711,127, 297
334, 254307, 091209,957183,474246, 924207, 416198, 440238,459325, 963287,042
5,4835,8605, 7595,4025, 4575,172
M A N U F A C T U R I N G — T O T A L
19231924192519261927.1928192919301931 _1932
85,19986, 80388, 67493, 24493, 41595, 77796, 52595,09893,10991,849
53, 79551, 34254.13755, 09453, 62055,00755, 48840, 64130, 27014, 985
48, 686, 64045, 320, 01652, 924, 99452,921, 59450,134, 09157, 458, 95959, 879. 75938,804,23520, 974, 40912, 696, 792
4, 271, 8993, 595, 6754, 383, 3574, 494, 7903. 938, 6474. 744, 2615, 216, 0162, 757, 5081, 464, 619
757. 501
484, 864429, 653546, 741584. 507507, 735544, 937544, 053316, 992165,31199, 949
31, 40435, 46134, 53738,15036,19636, 56636, 74250, 86358, 81572, 931
7, 534,0698, 591,1497,904, 7889, 573, 203
13,588,7889,813, 97012, 252, 28519, 846,04323, 058, 88219, 279, 691
701, 012832, 203682, 255786, 687851, 053833, 735810, 244
1, 639, 8442, 287, 5892, 563,855
3, 5994,2044,2953,5944.0243,933
MANUFACTURING—FOOD PRODUCTS, INCLUDING BEVERAGES
192319241925 4192619271928.1929-193019311932
13 59013,92414, 72215, 00815, 07914,96515, 12414, 84714,63214, 968
8 3888,8419, 3038,9508,9718, 8449, 0457,8976,4663,629
7 499 2849, 742, 291
11, 476, 44310, 553, 213
8, 524, 43211, 551, 4319, 641,9607, 637, 3975, 365, 9544, 430, 704
411 716443, 370533. 472475, 074461, 046518, 092540,186436, 451326, 910199, 387
43 81251,82266. 58761, 42959, 04958, 39156, 30949, 86936, 82325, 201
5 2025,0835, 4196,0585, 4615, 4055,3806.3287,524
10, 653
1 528 149 \1,044,5761,923,7471, 762, 8324,188, 7571,497, 4033, 854, 7264, 377, 3383,988, 7052, 858, 953
118 18091, 89791,51293, 052
105, 71677. 81887, 721
128, 498203, 478207,211
647716699622612686
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 210-213.
2 Prior to 1927, returns for inactive corporations showing no income data were included with returnsshowing no net income.
3 Gross income corresponds to total income as reported on face of the return, plus the cost of goods sold.< Includes "Tobacco products."5 Not available.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
184 STATISTICS OF INCOME
TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,showing for returns with net income and no net income, number of returns, grossincome, net income or deficit, and tax; also number of returns for inactivecorporationsx—Continued
[Money figures in thousands of dollars]
YearTotalnum-ber of
returns
Returns showing net income
Num-ber
Grossincome3
Netincome Tax
Returns showing no net income2
Num-ber
Grossincome3 Deficit
Numberof returnsshowing
no incomedata—
Inactivecorpora-tions a
M A N U F A C T U R I N G — T O B A C C O P R O D U C T S
192319241925*19261927_19281929193019311932
563518
497445439437405379382
278239
289261238243195155114
1,011,9521,002,841
1,124,9661,177, 7771,180, 8701, 220, 5301, 094, 2781,086, 321
978, 533
95, 20993,483
117,366124, 775121, 678132, 682143, 788142, 494138, 399
11,83411, 554
15, 71816, 74514, 54814,55417, 21617, 06619,061
285279
208169181177197211256
38,48357, 260
35, 05123, 52519,12250, 43676, 79997, 51561,188
5,6963,819
2,2572,4752,1474,9426,6555,6065,151
152017131312
MANUFACTURING—TEXTILES AND THEIR PRODUCTS
1923-1924..1925..1926. _1927 _.1928 ..1929..1930 ..1931._1932..
11,77112, 22912, 27113, 43613,85114,50814, 62914, 69214, 65514, 637
7,6786,8367,5047,7088,2408,0768,1045, 6784,8752,467
9,7374, 842, 2526,108,0605,354,1176, 285, 4015, 702,9865,902, 2872, 642, 4022,132,1821,211,516
563, 412316, 929413,115314, 649417, 484351, 850323, 974105, 61077, 83041, 052
65, 43537, 65148, 81539,82950, 34139, 35533,19711,1227,3515,047
4,0935,3934,7675,7285,3436,0986,2368,7539,503
11,872
1,156, 9502, 346, 6291, 608, 4022,398, 6171, 522, 0682,134, 3802, 330, 9313,774,1123,168, 9022, 672, 436
71, 845188,104114, 772195,164120,816155, 729163, 069369, 690342, 537332, 249
334
261277
M A N U F A C T U R I N G — L E A T H E R A N D ITS M A N U F A C T U R E S
19231924__ _19251926..192719281929193019311932
2,3032,4282,3592,4912,4112,4402,4772,4612,2942,331
1,3211,3411,3731,4131,4481, 3621,349
894754468
1,151, 7851, 046, 9311,175, 3401, 234, 2321, 415, 2001, 325, 3061, 258, 771
733,941545, 388371,438
72, 38870, 31976, 02373, 85999, 07277, 42576, 80338, 69130, 09118, 687
8,2488,0379,1699,358
12, 2298,8928,1094,3893,3402,404
9821,087
9861,078
9031,0151,0841, 5151,4871,816
445, 476460, 523339,191427, 012316, 039396, 514482, 402655, 143564, 469469, 593
36,12631,87628,89527, 43621, 70328, 03836, 36864,12464, 73761, 797
606344525347
MANUFACTURING—RUBBER PRODUCTS
1923192419251926192719281929193019311932
607638638680655723638607552544
27332534933933534931122717496
908, 765937, 870
1, 373, 4951,147, 4551, 039, 525
932, 048916, 242559, 565401,314127, 581
45, 92456, 900122, 96637, 50170, 25344, 64556, 32412, 24214, 0042,779
2,8405,662
15,4124,8678, 8495,1496, 0551,3361,371
301
334313289341284331303354361426
170,130184, 38095, 862
452,909407, 272454,122510,967540, 748415,317507,935
21, 56315, 34513, 94124, 76419, 35645, 98739,19163, 87638,15441.517
364324261722
MANUFACTURING—FOREST PRODUCTS
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
7,3827,6637,6337,8627,8167,9477,8697,5016,9546,707
5,2504,7504,6574,5914,1784,2904,1952,3401,525
541
2,692, 2812, 207, 2102,380,4632,330, 7661,929,8142, 052, 9031, 978, 584723, 630332, 94295, 829
299,050178, 869200, 316172,972125, 408142,197135,61235,82514,9665,271
33, 45721, 09024, 66721, 90715,61215, 21013, 4373, 5911,379666
2,1322,9132,9763,2713,3533, 3673,2944,8685,1505,929
282, 522627, 593587, 054738, 045874,474789, 281816,194
1,263,9481,014,898758,131
32, 58757, 75453,11669,19694, 29571,49368, 499152, 460199,138212, 389
285290380293279237
For footnotes, see p. 183.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 185TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,
showing for returns with net income and no net income, number of returns, grossincome, net income or deficit, and tax; also number of returns for inactivecorporations 1—Continued
[Money figures in thousands of dollars]
YearTotalnum-ber of
returns
Returns showing net income
Num-ber
Grossincome3
Netincome Tax
Returns showing no net income2
Num-ber
Grossincome3 Deficit
Numberof returnsshowing
no incomedata-
Inactivecorpora-tions 2
MANUFACTURING-PAPER, PULP, AND PRODUCTS
1923.1924.1925.1926.1927.1928.1929.19301931.1932.
1,8151,8861,9402,0242,0832,0932,1452,1132,0862,097
] ,240,204,288,365,386,345,406
L, 114832473
1, 246, 9891,163, 2091, 260, 5631,430, 4261, 401, 7801, 374, 7221, 546, 6721, 011, 630632, 927291, 719
109, 90992, 674
111, 186120,460123, 988118, 590124, 347
73, 64137, 47216, 600
12,23310, 67514, 00415, 61016, 06313, 76813, 2228,4754,2392,237
575682652659642678673953
1,2001,582
196, 992200, 908230, 547221, 834267, 600352, 796249, 444567,158639,142717, 678
14,93218, 36112,13714, 36213,61414, 95919,89336,37953, 77681, 073
557066465442
MANUFACTURING—PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1923 .1924192519261927192819291930.. __19311932.. .
9,2239,6189,920
10, 54510,67911,12711, 56911, 73611, 82212,100
6,1836,2786,5236,9316,7347,0707,3316,0984,5932,155
1,724, 6591,878,8311, 988, 4852,196, 2542,185, 7122, 329, 6702, 468, 2832, 055, 4611, 285, 285888, 484
165,947175, 972190, 909203, 507198, 476243, 650270,829176,137115, 79558,804
19, 42920, 80223, 37525,85825,12327, 31028, 01719, 64112, 8957,795
3,0403,3403,3973,6143,6293,7033,8395,2716,8109,510
260, 566287, 667293, 786351,190380, 417350, 275402, 692607, 967, 000,179900, 273
23, 62728,45529, 50531, 00634, 78834,10447, 74954, 51277,80296,170
316354399367419435
MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS
19231924192519261927.19281929193019311932
6,3176,6016,9627,2867,2297, 5017,5057,3807, 2657,443
3,4723,6403,9514,0763,9604,2314,0733,2872,7971,741
4, 803, 6685,157,0146, 475, 0247, 322, 2876, 799, 3318, 772, 4669, 550, 5457, 376, 0173, 371, 3952, 761, 691
419, 584466,184623, 277785,155495, 857848,127911,512534, 077251, 493167, 778
49, 42656, 65078,393
102, 96464, 76799, 00298,12462, 96129, 40922, 644
2,8452,9613,0113,2102,8922,8202,9983,7274,0475,315
1, 304,388733,144590, 301768,153
1,969, 078778, 526737, 016
2, 351,1663, 952, 9773, 696, 099
94,15876, 30982, 35269, 279110, 36959, 78956,976175, 459318,864223,266
377450434366421387
MANUFACTURING—STONE, CLAY, AND GLASS PRODUCTS
19231924.. ___192519261927.. ..1928 _1929193019311932
4,2014,3564,4544,6064,6824,8524,8164,7244,4184,268
2,8802,7352,7532,7622,5872,6762,5721,8051,149
424
1, 253,4061, 216, 6331, 345, 0321, 500, 0511, 357,1091, 394, 9101, 389, 4861, 027, 449483, 373184, 622
187,844162,403181, 547195,166157, 263172, 007163,64692,81241, 68313, 270
22,11319,15222,85325, 54220, 56419,77017, 26810, 4874,6141,760
1,3211,6211,7011,8441,8761,9331,9892,7133,0763,685
110, 290166, 464156, 780164, 876243, 350259,911265,730382, 407558, 054485, 794
14, 37417, 94417,84622,11228, 35632, 51833,43953,37479,171110,098
219243255206193159
For footnotes, see p. 183.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
186 STATISTICS OF INCOME
TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups,showing for returns with net income and no net income, number of returns, grossincome, net income or deficit, and tax; also number of returns for inactivecorporations*—Continued
[Money figures in thousands of dollars]
Year
Totalnum-ber of
returns
Returns showing net income
Num-ber
Grossincome3
Netincome
Tax
Returns showing no net income2
Num-ber
Grossincome3 Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
M A N U F A C T U R I N G — M E T A L A N D ITS P R O D U C T S
192319241925. _1926192719281929193019311932
16, 24020,17021, 52920,05420, 37920, 69521, 04720,83119, 70018,877
10,16811,22712,76011,98911,41212, 25212,8648,1884,7441,917
15, 238, 95513, 947, 99117, 335, 34816,661, 79316, 256, 96618,847,89622,125, 98912, 790, 3004, 652,1911, 031, 353
1,427, 4961, 340, 5971, 756, 7531,803, 4441, 501, 2741, 910, 0042, 291, 7671,003, 020355,22171, 098
160, 771162, 979221, 973237,077198,066221,838236, 494116,14940, 6249,558
6,0728,9438,7698,0658,2277,4797,292
11, 90414,17416,191
1,361,8161,991, 0021, 774.9041, 792,0822,928, 3732, 326, 0471,966,5904, 407, 5956,861, 8065,475,380
178,081244, 779201, 445192, 574241, 305254,975170,113400, 375760, 951
1,054, 566
740964891739782769
MANUFACTURING—MANUFACTURING NOT ELSEWHERE CLASSIFIED
19231924 _19251926192719281929193019313*332
11,1876,7726,2468,7558,1068,4878,2697,8018,3527,495
6,6643,9263,6764,6814,1084,2743,9952,9182,206
960
4,455,1592,176, 9442, 006, 7422, 066,0351, 761, 0421, 993, 7511,880,4111, 152, 164685,136323, 322
473, 420197, 975173, 792195, 637163, 752195, 999188, 335105, 21656, 66124, 377
55, 26623, 58021, 49424, 34920, 32621, 70219, 26711,7566,2013,273
4,5232,8462,5704,0743,4173,5563,4774,2805,2725,696
678,308491, 002304, 215460, 600467,835455, 592585, 157841, 663796,917676, 232
89, 54357, 56136, 73345,48458, 26056,17982, 284134,443143, 375138,367
581657797603874839
CONSTRUCTION
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
12, 55113,17615, 33816, 77017, 60918, 77019,94720, 03519,80619, 046
8,1518,7019,701
10, 07510, 07110,17910, 4628,8716,4572,115
1, 753, 7961, 784, 6991,914, 4942,287, 5482, 413,1842, 317,1862, 291, 6302,174,1561, 213, 234468, 670
112, 004132, 704156, 491162, 569171,160170, 906178, 376150, 54880, 69930, 691
11,43913, 91217, 58119,14620, 07817,17516, 51915, 2107,6253,639
4,4004,4755,6376,6956,2817,1177,8969,674
11, 67515, 204
469,425,391,528,642,661,790,867,
1,022,969,
42,80942,01143, 34653, 62159,41771, 36970, 06682,488111, 048141,060
1,2571,4741,5891,4901,6741,727
T R A N S P O R T A T I O N A N D O T H E R P U B L I C U T I L I T I E S
192319241925192619271928 _1929193019311932
21,11322,43123,61325,10022,91223,66223,95123, 66223, 71524, 038
14, 26914, 56514,86215, 44413,85513, 88213, 61412,10910,9336,700
9, 280, 7059,099, 040
10,952, 50813, 518, 65312, 844,09014,263, 77515, 584, 02612, 935, 5696,800,9514,851, 474
1,257,4101, 232,0121,468,6931, 723, 3991, 588,8801, 813, 0882, 092, 6541,334,229
902, 635708,168
150, 999148,278186, 314228,663210,878211,681222, 483156,573105, 58598,118
6,8447,8668,7519,6566,9827,4227,9949,522
10, 62214,981
1, 246, 3121,076, 769
928, 3391, 245,6312, 295,8821, 538,1351, 500, 0043,060,0136,584,8456, 387, 532
125, 650137, 753134, 745120,174197,472173,170190, 692333, 528605, 249839, 051
2,0752,3582,3432,0312,1602,357
For footnotes, see p. 183.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OP INCOME 187TABLE 18.—Corporation returns for 1923 to 1932 by major industrial groups ,
showing for returns with net income and no net income, number of returns, grossincome, net income or deficit and tax; also number of returns for inactivecorporations l—Continued
[Money figures in thousands of dollars]
Year
Totalnum-ber of
returns
Returns showing net income
Num-ber
Grossincome3
Netincome Tax
Returns showing no net income2
Num-ber
Grossincome3 Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
TRADE
1923192419251926192719281929193019311932
100, 646105, 323109, 588112,705122, 360129, 766132, 660134,769136, 520135,977
68,18668,11271,91071, 40374, 74779,74578, 60659,74146, 04920, 951
26, 441, 51828, 625, 23332, 617, 03233, 459, 06333,512,87634, 824, 46434, 264, 08623, 380, 48316,109, 4029, 329, 422
1,197,9261,098,5861, 254,0461,165, 5581,156, 8701, 246,8621,149, 235
651, 097460, 035234, 674
128, 536120, 649145, 350140, 523137,352126, 332107,14964,16645, 70830, 644
32, 46037,21137, 67841, 30244, 93146, 60250, 48371, 74686,799
111, 363
5,832, 6236, 490, 2477, 229, 9067, 478, 4737, 430, 8408, 379, 6209, 230, 447
13,828, 24114, 484, 04413,804,005
264, 797296, 517287, 506330,998362, 339355,514419,398738,695
1, 025,4311,039,924
. . .
2, 6823,4193,5713,2823,6723,663
SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
19231924 . . _19251926192719281929193019311932
25,11426, 32028,98132, 25734, 19336, 82939, 64242, 06442, 40647, 568
15, 48215, 49516, 57117, 75518, 28719, 00820, 23018, 74115, 6377,140
1, 917, 9292,049,1422, 283,1682, 628, 0402, 680, 9162, 784,1613, 051,8202, 757, 4011, 698,877
910, 255
188,368202,165246, 426260,981244, 464254,186314, 426234, 227117,92564, 392
20, 37722,13128,46731,04028,62625, 50129,63223, 70511,0818,854
9, 63210, 82512,41014, 50212,85914.51815,73719, 47222, 58836,142
500, 837582, 704556,185732,272906,079
1, 043, 4501,140, 0891, 407, 4661,980, 3482,181, 586
59,14166, 65072, 226
103,772117,065126, 709154, 215179, 230241, 288480,481
3,0473,3033,6753, 8514,1814,286
FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.
1923192419251926192719281929193019311932
96, 772104 761115,947130,433137, 425145,433150,588153,182152,920143, 805
62, 65467 08973, 24676,81978,10080, 31580, 26072,10259,12926, 395
5, 488, 2396 766 1888, 503,1869, 356, 744
10, 797, 01014, 476, 37010, 872, 9517, 519, 5084, 293, 8522, 778, 019
868, 083995 124
1, 523, 8231, 336,8931, 522, 8341, 971, 3432,197, 5391,064,816
570, 502287,992
95,114109, 444179,949160, 215181, 706213, 238222, 403109, 45555,16636,576
34,11837, 67242, 70153, 61444, 58248, 82453, 67764,47775, 43498,725
2, 975, 8792, 305, 9432, 013, 5822, 942, 9362, 407,0465, 231, 3224, 786, 4595, 777, 6976, 535, 9745, 378,896
410,813460 597
56, 219528,032566,177566,199
1,008, 8271, 566, 6772, 256, 8432, 335,500
14, 74316, 29416,65116, 60318, 35718, 685
N A T U R E OF B U S I N E S S N O T G I V E N
1923192419251926192719281929193019311932 .
26, 25026, 43913 54414, 87118,69316,59717, 24721, 33019,33418,158
8401,492
9601,1521,0401,045
339
27, 39348,54026,41121, 88615,19712, 4942,719
2,6044,1433,9402,3121,7861, 7961,041
2203483099488
105135
26, 25026, 43913, 54414, 0311,7311, 3501,7481,8982,2282,099
1327
17, 57237, 33621, 63925, 71517, 77324, 35412, 403
80373
1,9566,2879,3986,9208,703
12, 30318, 72414,813
15, 47014, 28714, 34718, 39216, 06115,720
For footnotes, see p. 183.
61684—34
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
188 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932, by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax i
Year
Totalnumber
of re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata-
Inactivecorpora-tions 2
ALABAMA
1923.1924.1925.19261927.1928.1929.193019311932.
3,5953,8383,9364,1334,3834,6564,4734,4774,2994,065
2,3482,3732,5692,6182,6972,6192,3101,7721,380607
$45,961, 34135, 538,81242,929,89040, 662, 23135, 666,94831, 251,44329, 089,13412, 393, 8746,048, 6052,199, 972
4,756, 7243,905,0994, 978,9304,860, 5564,171,9743, 054, 6592,642, 5701,047, 504412, 217246, 749
1,2471,4651,3671,5151,3131,6081,7672,2612,3702,953
$7,225, 6619, 832, 3438, 288,4349,949,9049, 352,93710, 519, 46016,471, 55225,019,85729,844,77139,662,480
373429396444549505
ALASKA
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
138140159156174175182170181165
686872739494109927142
$937,073540,894571,677673,666677, 513641,591836,818503, 259332, 731260, 742
$97, 02352, 53259,52366,14962, 63945,74946, 25735,24317,94823, 942
70728783485146558692
$217, 2601,000, 223370, 693379,716536,729406, 644252, 393447, 882561,918636,714
323027232431
ARIZONA
1923192419251926.1927.1928.1929.193019311932.
L, 562L, 5251,451L, 505L, 556L, 734L, 953L, 932L, 893L, 773
548579593619668766822629506217
$8, 957,1957, 412, 6417, 679, 2898,813, 2767, 779, 7829, 810, 75518, 991, 9714, 756, 4432, 522, 366867,958
$629,839776,072813,539
1, 011, 325865, 061935, 934
1, 732, 371421,151194, 473106, 455
1,014946858886403430510725807
1,026
$5, 551, 7225, 375,13510,809, 7765,154, 2356,343,6728,922,81219, 258, 6709, 770, 97514,970, 34811, 862, 704
485538621578580530
ARKANSAS
19231924192519261927W28192919301931.1932.
2,6122,5542,6842,6342,6602,7602,6292,6242,4712,306
],669,670,823L, 701L, 626,7071,680L, 140899499
$22, 372, 77518, 080, 16322, 899, 47918, 597, 04416, 260, 47817,064,01117, 565, 9676, 755, 4163, 945, 6711, 900, 662
$2, 360, 6331, 864, 4492, 515, 3342,122, 8271, 810, 7581, 572, 5421,450,711571,397302, 706231, 223
1,1,1,
943884861933884889795309415679
$7,213,8016,820,6395, 549,16510, 396, 81212,106, 7049, 448, 9996,139, 868
19, 093, 90115, 925, 67114, 579, 358
150164154175157128
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 210-213.
2 Prior to 1927, returns for inactive corporations showing no income data were included with returnsshowing no net income.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 189
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax 1—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata—
Inactivecorpora-tions 2
CALIFORNIA
19231924192519261927.1928.192919301931.1932.
18,38619, 73720, 26321, 25822,16222, 75423,20623, 83623, 73824,109
9,8349,990
10, 53910, 90111,09811,43811,3169,5177,4654,419
$369, 970, 234376, 724, 853417,825,949426, 838, 778447, 749, 712552, 289, 223512, 923, 444324, 584, 256190,149, 234139, 578,191
$43, 033, 20944,161, 44250, 533, 67254, 319,33356, 529, 60062,038,11552, 960, 07136,114,20620, 714, 20318, 702, 854
89
CO
10,8,8,
552747724357494747
9,24311,13,16,
538569590
$99, 996, 982116,945,379119,911,974138,640, 232146,148,863145, 858,979147, 570, 283253, 756, 750395, 715, 741385, 852, 601
2,5702,5692,6472,7812,7043,100
COLORADO
1923192419251926192719281929193019311932
6,3446,4946,3996,5806,8637,1347,3177,2577,2056,952
2,6362,8912,9833,0713,1443,3423,3112,9412,359
980
$60, 490, 80260, 846,14960, 448,00562, 872, 03747, 758, 47959, 932, 47752, 349, 38630, 943, 42018, 442,08814, 283, 323
182, 816024,097077,070811,708647, 319108,549084,003090, 052785,885775,177
3,7083,6033,4163,5092,2912,3132,4742,8453,3554,564
$25, 414, 65426, 209, 21026,159,04121, 333, 03827,717,32017,102, 81721,166, 26228, 736, 84940, 802,13642, 849,055
1,4281,4791,5321,4711,4911,408
C O N N E C T I C U T
192319241925192619271928192919301931.1932
5,4925,7825,9586,2806,6857,1057,5297,9558,0748,370
3,3733,4313,7203,7713,9354,3024,5583,6983,1551,381
$120, 934, 894103,180, 674125, 092,862124, 029, 378136, 992, 216177, 470, 906199, 914,33984,910,50458, 810, 44535, 343, 967
$13,182, 83611,848,12714, 886,87315, 645, 63016, 827, 36819,569,91120, 781,8479, 169, 7646,398, 4954, 752, 435
2,1192,3512,2382,5092,2832,3262,4863,7424,4256,418
$37, 594, 85436, 792,13630, 543, 54340, 943, 39927, 108, 84828,197, 26133, 654, 06680,185, 409
104, 326, 665124, 781, 857
467477485515494571
DELAWARE
1923192419251926192719281929193019311932
1,116991
1,3761,4831,5531,7051,9511,9511,9662,054
588594780811845984
1,068888674445
$41,933,30139, 540, 91060, 931, 34582, 896, 307116,890,099189, 783, 492272, 455, 382125, 272, 47976,197, 75440, 696, 531
$3, 976, 2824, 703, 2907, 664, 617
10,815, 41515, 547,64522,067, 39629, 423,38614, 548, 4348, 939, 3325,572,829
528397596672485471583811
1,0031,341
$9, 086, 57012, 787, 46310, 701,12913, 485,13322, 832,1109, 440, 37634,178,02745, 823, 30393, 407, 969100, 758, 278
223250300252259268
DISTRICT OF COLUMBIA
1923.1924192519261927.1928.192919301931.1932
1,5751,6561,7531,8881, 9882,2202,3292,3172,3432,378
923942
1,081,077
1,070,126
1,1971,124,067586
$44, 483,10347, 457, 56064, 493, 22965, 987, 47555, 838, 32955, 898, 40452, 909, 24430, 330, 49022, 376, 24414, 948, 745
$5, 360,8895, 745,4018,119,1918, 671, 0697, 225,1286, 422, 7985, 460, 2893, 285, 6962, 418, 6702, 063, 696
652714672811695822872966
1,0811,590
$5, 237, 7366, 679,8194, 510, 5897, 733, 9368, 733, 83611, 526, 87310, 237, 36615,134, 68625, 746, 88752, 597, 720
223272260227195202
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
190 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax l—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata—
Inactivecorpora-tions 2
FLORIDA
1923192419251926192719281929193019311932
4,3535,2248,28410, 85311,01011, 28311,11911, 30911, 0289,853
2,4663,0945,4784,7023,4433,3683,4893,4693,0641,204
$35, 398, 52862, 343, 490192,320,33982, 638, 29832, 218,19427,064, 34323,114,33820,922,10812, 806, 0926,480, 505
$3,821,4817, 006, 38923,516,4579, 624,9293, 412, 5522, 275,9032, 210,1541, 676, 279909,147784,022
1,8872,1302,8066,1515, 3235,1774,7784,7695,0736,611
$11, 855, 44714, 287, 77126, 545, 57973, 208, 37693,803, 28075,784, 35973, 712, 82063, 398, 46077, 571, 40358, 227, 782
2,2442,7382,8523,0712,8912,038
GEORGIA
1923192419251926192719281929193019311932
4,9635,0995,2515,2815,5245,6205,7385, 6785,5675,360
3,0943,0803,3543,2343,4163,4093,3902,6811,9801,032
$63,751,48750,161, 66067, 080, 73561, 823, 77370, 521,19364, 903, 08962, 230,92823,924,81718, 623, 71510, 767,118
7,023, 8585, 536, 2057, 699, 5837, 564,4718,320,1176,891, 2856,104,9892, 252, 3401, 664, 4511, 354, 333
1,8692,0191,8972,0471,8391,9222,0372,7173,3084,046
$16,996,46422, 279,97618,297,39823, 522,02119, 387, 37618, 500, 35020,485,64239,199, 80944,108,85836, 490, 266
269289311280279282
H A W A I I
1923.1924.1925.1926.1927.1928.1929.193019311932.
586607594633686734784785669780
364393380429445455448413295304
$27, 706, 58231,529,81622, 148, 29225, 849, 46328, 349,25833, 455, 83228, 828,91022, 836, 1214, 551, 8347, 674, 879
037, 316625,419794,231996, 249715,310883,119045,503643,151447, 030031,319
222214214204203238291339346446
$1, 475, 8201,109,0532, 269, 4111, 666, 6982, 200,1291, 696, 2872, 894, 7994, 787, 3199, 228, 22017, 280,139
384145332830
IDAHO
1923.19241925192619271928.1929193019311932
1,9512,0712,2792,2822,2702,3522,4122,5092,5092,350
1,
1,1,1,
840902012991014061054919685279
$10, 330, 8846, 845, 5639,013,8707, 707,1495,930,4416, 644, 8197, 524, 9534, 942, 9932,819,4421, 257, 521
$965,874680,401975,132837,110587,368535,238505, 247402, 616225,576177,149
1,1,1,1,
11
111169267291564553593790031323
$5, 320, 2885, 828, 7475,195, 9746,21°,4555,915,3136, 839, 3944, 619, 7029,156, 47712, 715,77013,983, 082
738765800793748
ILLINOIS
1923192419251926192719281929193019311932.
25, 24226, 41427, 23928,34029, 24830,44431, 70032, 04332,26032,117
15, 94115, 95916, 76716,98616,91317, 66817,69813, 38910, 4894,816
$752, 649, 643706, 054,194851,832,473901, 781,956836, 587, 699
1,012,940,1401,103, 647,465586,664,164263, 613, 607131,959,429
$82, 678, 90782, 467, 674105, 692, 356116,558,602107,498,653115,222,042115,132,83666,135, 07928,519,78115, 713,450
9,30110,45510, 47211,35410,05210,37011,33915, 78018,92024,144
$136, 524, 673161,659,103141,187, 284159,686, 695185, 949, 352179,767,433216, 642,175407,149, 790642,841, 569820,154, 704
2,2832,4062,6632,8742,8513,157
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 191
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax l—Continued
Year
Totalnumber
of re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata-
Inactivecorpora-tions *
INDIANA
19231924.19251926192719281929193019311932
10,39910,83211,05711,08011, 46311, 70311, 78911, 66311, 98911, 649
6,7216,5566,8266,8896,8216,8366,8815, 2894,3951,963
$136, 413, 095114, 989, 588135, 335, 396129, 343, 772115, 759, 921122, 603, 012124, 079, 66571, 466, 76050, 361, 66123, 414, 444
$15,083, 51912, 930, 26715, 736, 20015, 747, 69913, 965, 44512,901, 86211, 980, 2327, 250, 2434,887, 7953,107, 844
3,6784,2764,2314,1913,3433,5613,7055,1866,2368^322
$36, 019,10341,903, 48930,881, 04133, 416, 05041,571,09234, 983, 50240,187, 72370, 089,95295, 806, 968120, 253, 746
1,2991,3061,2031,1881,3581,364
IOWA
1923192419251926192719281929193019311932
9,0258,9619,0488,8439,0508,6439,1169,1259,3509,131
5,4774,9935,1155,0605,0874,9815,1094, 5583,5271,377
$57,437,10849, 731, 87556, 258, 65956, 751, 21553,291,85465, 509, 67068,045, 52946, 489, 26525, 509, 05511, 238, 638
5,842,9165, 284, 9016, 302,4856, 585, 7856, 153, 9526,604,3136, 398, 7694, 573, 8252, 360, 8611, 502, 630
3,5483,9683,9333,7832,5922,5072,4303,0774, 1195,867
$23, 042,43525, 289, 57224, 376, 79425, 033, 36819, 190, 24818, 549, 65120, 436, 34228, 275, 70447, 426, 94756,169, 954
1,3711,1551,5771,4901,7041,887
KANSAS
1923192419251926192719281929193019311932
4,9284,9855,0035,2805,1915,2285,1925,3085,2904,997
2,9873,1843,1323,2533,1223, 2583,2782,8462,1111,064
$87,085,92684,610,712109, 216, 206131, 458, 92499, 005, 516108,126, 632134, 228,18274, 320, 73332,438, 61613, 307, 762
$10, 270, 5659, 832, 97313, 442, 85417, 017, 07712, 807, 20812, 099, 54513, 952, 0478, 241, 4403, 435, 2501, 819, 347
1,9411,8011,8712,0271,6771,5311,5172,0592,7143,453
$17, 532, 72815,351,31013, 573, 39412,888, 99029, 872, 52610, 460, 04412, 768, 09729, 351, 94952, 644, 62432, 538, 993
392439397403465480
KENTUCKY
1923192419251926192719281929193019311932
5,1535,2255,2955,4795,7185,8945,6685,7645,4705,193
3,3813,2263,4183,4033,3973,4573,3162, 7672,1581,079
$72, 582, 28864, 974,99578,148, 74177, 202,97072, 269, 85475,154, 44977, 305, 05338, 452, 72418, 965, 43414, 467, 581
$8,
9,9,
139,710347, 437418, 224612, 262
8, 892, 7588,7,3,1,1,
172,028745, 933981,810843, 385872, 954
1,1,1,2,1,1,1,
772999877076691783799
2,36423,765586
$13, 264, 64216, 972, 87611,483,72914, 471, 05114, 493, 78415,998, 23716, 387, 99274, 305, 03740, 242, 07139, 228, 390
630654553633547528
L O U I S I A N A
1923192419251926192719281929193019311932
5,1095,1555,2505,6575,8176,0726,3146,4406,5976,675
2,8412,9433, 1213,2773,2193,3703,4242,9032,4151,197
4, 72354, 436, 36264, 232, 93862,497, 08158, 860, 79760, 220, 62553, 648,14033, 217, 31423, 234, 17414, 929, 139
543, 885934,261268, 660554, 101752, 612122, 20498), 312096, 364149, 945764, 606
2, 2682,2122,1292,3802,0922,1322,2422,8813,4404,681
$23, 034, 8.5024, 738,17926,152, 66426, 200, 38228, 323, 04427, 384,84632,195, 85251, 988, 38859, 975, 23654,924,860
506570648656742791
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
192 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax !—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata—
Inactivecorpora-tions 2
MAINE
1923192419251926192719281929193019311932
3,2973,4443, 4643, 4433,4893,6443,7203,7893, 8843,771
2,0011,9661,9451,9722,0722,0922,0951,8881,535713
$44, 434, 98031, 347, 81339,071,91932, 528, 97436, 574, 45034, 914, 66635, 378, 74824, 232, 26913,355,1167,923, 950
$4,983, 8003, 533, 8324, 584,4313, 908, 7534, 326, 8053, 702, 5063, 431, 9422, 496,3591,304,0671,083, 799
1,2961,4781.5191,4711,0421,1331,1801,4761,8062,614
$10, 320, 01712, 818, 61510,186,81910, 464,17211, 269, 6048, 974,30620, 792,19728, 486, 78636, 900, 07249, 718, 595
375419445425543444
MARYLAND
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
4,7835,2025,4615,6215,7875,9706,1895,9225,8416,156
2,8102,9333,0903,1883,1623,1443,3342,7752,2551,300
$99,326, 34583,492, 835103,664,691118,165,800104,113,296156,351, 652165, 645,057116,375,49076, 621, 80356,116, 518
$11,9,12,14,13,17,16,13,8,7,7:
349,059846,911753, 251934, 207188,854573, 370850, 939224,817736,482712,470
1,9732,2692,3712,4331,8822,0672,1432,4792,9324,102
$16, 301, 84021, 782, 53219, 345, 23220, 398,16036, 988,16725, 824, 76430, 009, 77057, 807, 757101, 812, 765135, 243,043
743759712668654754
MASSACHUSETTS
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
15, 86117,10116, 44417,63918,18218,85119, 40120, 07019, 67820, 016
9,4869,4129,6319, 7529,90710,26610,3838,3166, 7273,476
$462, 478, 692352, 209, 591407, 768, 963382,931,611399, 971,159412, 506, 062444, 569, 972249, 537, 347170, 982, 957106, 655, 259
$53,151,34340, 796, 07449, 269, 09648, 500, 01049,174, 30445, 923, 26844,619, 55127, 837, 35218,985,12314, 217, 215
6,3757,6896, 8137,8877,1497,5017,98010, 54611, 94815, 396
$125, 643,432173, 656, 457112,722,084146,128, 051136, 207, 941147, 014, 255190,760,215346, 662, 268337, 203, 586369, 373, 741
MICHIGAN
1923192419251926 # .19271928192919301931__1932
12,17412, 77813,01613, 55314,12014, 92015, 54315, 75815, 28714,951
7,2947,4298,1038,2827,9538,6558,6316, 0454,5622,063
$521, 024, 836497,940,013762,997, 200672,422, 283624, 658, 470735, 670, 950762, 434, 851389, 342, 499239,139,63154, 022, 390
729,137869, 257056, 344183, 330971, 438310, 239628, 026857, 774122, 517219, 084
4,8805,3494,9135,2714,8734,8405,4488.0639,12411, 247
$70, 047, 81263, 963,11963,876, 03884, 481, 252134,299,345159,476, 988119,044,474193, 927, 520299, 845, 008372, 480, 238
1,1261,0841,0381,2081,0031,144
1,2941,4251,4641,6501,6011,641
MINNESOTA
1923192419251926192719281929193019311932
10, 56810,80010, 73310, 96511,10111,30211,48211,47611,40311,196
5,7955,7835,9995,8705,9106,2296,3165,4914,3642,030
$116. 711, 287111,844,643131,886,399130, 211, 654117, 223, 824155,636,570146, 668, 78087, 556,08957, 311, 24131,114, 577
$12, 604, 26012, 698,03515, 796, 49416,155, 55014, 227,46017, 090,92414, 697, 2849, 224, 9305,990, 7974,166,454
4,7735,0174,7345,0953,6933,5443,5634,4355,4277,513
$36,011,16941, 333, 31331,810,11231, 055, 90436,398, 26328,225, 75532, 732, 27160,139, 408105, 601, 407143,425, 653
1,4981, 5291,6031,5501,6121,653
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 193
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns^net income or deficit, and tax l—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
MISSISSIPPI
1923..1924_.1925..1926..1927..1928..1929..1930-1931..1932..
5,9221,9771,9992,1132,2402,4322 5622,6042,5852,446
2,7751,3051,4471,4131,4351,4821,4931,044782367
$116, 375, 49013,197, 41515, 758, 77513,166, 44012,175,94212, 700, 02413, 736,9475, 999, 7533, 485, 0221,127, 625
$13,1,1,1,1,1,1,
224, 817335, 653663, 545435,100241,953066,132130, 678512, 460266, 893132, 743
2,479672552700674780894
1,2931,4611,778
$57, 807, 75712,171,2173, 797, 2897, 404,9547,861, 0176, 779, 4457, 728, 478
14, 364, 51615,105, 05516, 047, 871
668
131170175267342301
MISSOURI
1923-1924..1925..1926-1927..1928-1929-1930-1931-1932-
14, 56215,13915, 67316,14516,37016, 75117, 22317,10616, 76716, 373
9,0188,9069,3729,1609,0179,1379,1467,4115,7233,140
$227, 323, 356225, 899, 300272, 483, 866267, 510, 006239, 670, 651256, 780, 500262, 694, 594162, 446,149101,314,75278, 523, 767
$25, 782, 47226, 039, 34033, 347, 36533, 947, 81130, 280,87427, 953,08526, 786,03817, 748, 47710, 871, 63410, 553, 550
5,5446,2336,3016,9855,6275,7116,0687,6919,10711, 243
$51, 267,98656, 248,62048,706, 86451,022,18866,959,91560, 573, 08365, 537, 732103,085, 730185, 866, 753184, 322, 723
1,7261,9032,0092,0041,9371,990
MONTANA
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
3,8654,0283,9073,8664,0203,7083,5853,3503,2013,044
1,4241,4891,6091,6861,8371,9331,8221,4191,099529
$8,815, 4408, 948, 56211,841,16313, 936, 91713,312,09214, 643,47711,941,519
5, 581, 6863, 285, 6961, 047, 800
$876, 050841,019, 196,446,519, 524,361, 229, 249, 331940, 562378,965250,855121, 355
2,4412,5392,2982,180983960
1,0701,4541,7292,153
$12, 343,8, 765,7,716,6, 642,9, 342,5t 483,6, 769,
10, 628,17, 488,11, 789,
1,200815693477373362
N E B R A S K A
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
4,8584,6794,5834,5944,7164,8364,7254,7864,8604,694
2,8572,8962,8682,8152,9583,0602,9692,7082,071958
$25, 019, 82426,913,91430, 390, 91927, 497, 55626, 750,14430, 623, 67030, 079,15021,995, 93612, 648,4067,138, 206
$2, 555, 2432, 762,8663, 317, 8073,122,1342, 981, 5372, 882, 2772, 662,4662, 043, 0761, 087, 290948, 009
2,0011,7831,7151, 7791,2961,2511,3521,7052,3553,308
$13, 204,15113,116,11712, 537, 51610,177, 7629, 461, 62610, 355, 71617, 306,06915, 628, 43221,106, 40527, 802,817
462525404373434428
NEVADA
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
1,1,1,
1,1,1,
156049029969874026033022997938
337327351326314353351309301108
$2, 558, 5941, 661, 7522, 341, 5382,881,1014,108, 7086,963, 4369, 771,1745, 547, 4526, 839, 5186,461,945
$225,107147,158214, 831315, 794486,925736,162971, 353594,841754, 270895, 820
819722678643253281315401410542
$3, 293,9523, 378, 2376, 442, 3703, 076, 9903, 412,4184, 601, 7954, 329, 5285,845,0954, 777,3746, 020, 788
307392367312286288
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
194 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax {—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata—
Inactivecorpora-tions 2
NEW HAMPSHIRE
1923.1924.1925.1926.1927.1928.1929.19301931.1932
1,1211,1751,1981,1831,2271,3221,3491,3961,3451,333
750704758715754767803707587329
$12. 673,1628, 535,896
10, 261, 6229, 293, 314
11,147, 51411, 398,16711,948,1827, 455,1554,165, 6872,151,211
$1,
1,1,1,1,1,
404,078929, 840168,632064, 656240, 353167,830116,811720, 031362, 049277,082
371471440468399466477621687934
$2, 515, 7804, 392, 4405, 780, 3788, 052,1676, 099, 329
11,104, 0224, 781, 862
11, 646, 6708, 733, 026
10, 576, 7387170
N E W J E R S E Y
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
13,06214, 22915,15117,48019,14320, 50921, 88522, 48922, 96723, 278
8,1208,5809,49410, 41310, 78311,31011, 6469,9458,4493,128
$273, 897,260, 526,331, 624,342, 090,349, 484,376, 247,444,894,224, 871,157, 129,106, 566,
$31, 254, 96630, 688, 91339, 208, 72642, 830, 41443, 336, 56841,171,30745, 680,19024, 074, 96316,813,13714, 036,914
4557
810
942649657067
605468711
12, 51517 955
$53, 746,53059, 665, 61155,326,20467, 550, 66683, 001,92985, 635,488136,749, 363238, 325,954441,476, 716359,854,886
1,4971,5941,7711,8332,0032,195
NEW MEXICO
1923192419251926192719281929193019311932
9531,037941
1,1081,0191,1031,1261,1361,1721,197
424413435471495541558491375188
$2, 974,8362,873,9523,172,8073, 707,8753,998, 3204, 620, 5554, 320, 2252,455,4851, 247,468411,631
$269,960270, 885311,179395,119417,713415,303353,891178,81767,95747, 015
529624506637283282300430558738
$2,894, 0453, 441, 2162, 815, 3523, 667, 8592, 748,1052, 221, 2172, 527, 2003, 228,1224, 087, 6754, 534, 644
241280268215239271
NEW YORK
1923192419251926192719281929193019311932
69,86375, 04379,41489,61796,949103, 372107, 300111,100110,851109,931
40, 84843, 40646, 83851, 42453, 05155, 00855, 30447, 67439, 27115, 599
$2,156,929,2, 096, 541,2, 598, 418,2, 770, 885,2, 545, 506,3, 248, 916,3,646,921,2, 091, 540,1, 216, 637,700,156,
$248,108, 254246,109, 308322, 979,149356, 408, 976324, 572, 838367,733,278383,110,174238, 010, 215135, 401,63094, 738,913
29, 01531, 63732, 57638,19336,10840,06243,86554,62762, 63985, 234
$537,520,455,517,576,573,854,
1, 355,1,918,2,185,
455, 537316, 060798,999071, 252624,818651,985292, 019500, 331458,514749,373
7,7908,3028,1318,7998,941
NORTH CAROLINA
1923192419251926192719281929193019311932
5,9876,0856,2676,4506,5016,6696,5706,5446,2195,802
3,8103,5293,7623,6863,6883,4623,0092,1611,8191,080
$107,931,83, 731,106, 623,102, 878,114,607,96, 562,104, 313,73,172,71,192,62, 686,
$12, 502, 6139,726,31212, 821,97113,016, 76914,146, 62710, 769, 65010, 862, 7568,333,9308,148, 2518, 565, 004
2,1772,5562,5052,7642,3082,6673,0113,7323,8034,241
$11, 655, 02919, 489, 85014, 536, 34722, 012, 60016, 413,48320, 784,14625, 344,07536,858, 96840,106, 98151,134, 280
505540550651597481
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OP INCOME 195TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax 1—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
NORTH DAKOTA
19231924.1925.1926.1927.1928.1929.1930.1931.1932.
2,9383,0843,2453,4453,4713,5283,4253,5743,5483,239
1,3341,6011,6841,5521,6951,7371,4671,183826487
$3,477, 8455, 699, 6067, 972, 0516, 574,1655,411,9785, 687, 8504, 537, 6072, 721, 2651,651,353826, 590
$215,939443, 397547, 214421, 660399,437320, 818251, 247132, 59494,476101,716
1,6041,4831,5611,893943972
1,0851,4581,7351,910
$5, 348, 2504, 778, 6683,982,3114, 864, 7823,150, 0303, 220, 3293, 844, 9724, 533,0206, 535, 6936, 595, 575
833819873933987842
OHIO
1923 _1924 _1925 _1926.1927.1928 _1929 _1930..1931.1932..
22, 09722, 75423, 23923,47524, 30524, 72225,17325, 45925, 46224, 919
13, 75813, 36914, 26614, 26614, 02014, 34414, 29910, 6768,3183,969
$538, 602, 037442, 810,151564, 543, 064530,119, 098505, 740, 230589, 966,142687,230, 541301,339,374170, 378, 376114,480,938
$57, 442, 92451,129,97469,182, 02766, 541, 32463, 487,48364, 775, 63871,392,51333, 041,14618, 223, 30015,124, 286
8,3399,3858,9739,2098,9018,9429, 51513, 36515,45719, 399
$118,996,299144,560, 904153, 510,940113,122,321132,171, 607123,830,483153, 560, 559250, 365, 035391,052, 207478, 596, 650
1,3841,4361,3591,4181,6871,551
O K L A H O M A
1923192419251926192719281929193019311932
5,7095,7295,6085,8356,1326,4566,6716,9446,5586,092
2,6152, 9293,1413,2993,2713, 5123,6492,9481,7171,030
$26, 788,07739, 221, 97073, 912,16184, 300, 59956, 608, 46579, 233,405105, 607, 36471, 297, 42520,911,25020, 218, 027
$2, 700, 6053, 969, 2678, 025,17110, 327,1226, 368, 0398, 124,1649, 794, 6587, 739,2132,171,0052, 610, 681
3,0942,8002,4672,5362,0902,1772,1693,0734,0544,369
$54, 042, 50142, 571, 79827, 331, 69732, 927,56345, 640, 67336, 289,11328,448,15169,417, 719119,878,93083,667,892
OREGON
771767853923787693
1923192419251926192719281929193019311932
5,3015,6475,8506,1446,3506,6736,8637,0126,8806,446
2,5922,7332,9103,0033,0283,1313,1052,5901,910779
$35,418, 79529,088, 36528, 652,48326, 867,00823, 694,48629, 384, 71530,026, 50317,009, 7818, 936,2493, 055,488
$3, 630, 7263,106, 6103,153, 7012,994,7172, 493, 7162, 736, 9182, 600, 7731, 516, 892768, 347371, 424
2,7092,9142,9403,1412,1722,2322,3452,9793,4674, 336
$14,470,56340, 856,24416,873, 65321, 240, 21121, 736, 06118,903, 68520,409,80537, 439,08343, 979,30351, 923,939
1,1501,3101,4131,4431,5031,331
PENNSYLVANIA
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
22,65623,42923, 50224,17324, 88325, 55826,35726,57726,44826,800
13,47812,98813,56913, 82013,19313,37013,88011, 2548,4524,546
$902,478,647730,528, 286891,119,486941, 818,944806,494,048905,714,567
1,060,023,187565, 536,120249,231,149164,050,423
$104,619, 29587, 512,252111, 207, 111122, 361,366104,134,847104,000,212112,112,66064,380,32527,370,86721,983,310
9,17810, 4419,93310,3539,3309,6659,79512,54915,18319,143
$136, 776, 201158,156, 630151, 087,052150, 306,532188,396,811181,313,094193,501,282316,422,080476,652,171567,085, 274
2,3602,5232,6822,7742,8133,111
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
196 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax *—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomedata-
Inactivecorpora-tions 2
RHODE ISLAND
1923.1924.1925.1926.1927.192819291930.1931.1932
2,3532,4552, 5032,5662,6882,8712,9643,0683,1273,134
1,4411,3101,4191,3681,5361,6281,6501,3701,217562
$70, 428,80344,861, 72350, 375, 59943,395, 77249, 045,87851, 732, 37754, 487, 24123, 344, 79718,183,8519, 289, 627
$8,213, 7885, 236, 7496, 018, 5925, 476, 8795, 790, 7075, 585, 3115, 503, 5882,677, 2261,887,3041,147, 350
9121,1451,0841,198947
1,0001,0671,4501,6552,327
$25,344,06937, 321, 85824,129, 91722, 640, 08816,193, 30515,106,98919, 730,96457, 782, 95955, 366, 72262,011,789
205243247248255245
SOUTH CAROLINA
1923.19241925.1926.1927.192819291930.1931.1932.
4,1714,1043, 9243,8223,7133,8173,7593,6263,6103,404
2,3682,1112,1581,7681,7681,7101,5971,229980511
$34, 067, 47714, 250, 79720,003, 47015, 324, 80124, 790, 79217, 815, 74016,160, 9096, 281, 2346, 084, 0093,447, 571
$3, 369, 7711, 372, 4691,912,1041, 692, 9112, 693.8171, 804, 3831,464,494525,487539,117432, 917
1,8031,9931,7662,0541,5481,7091,7752,0312,2442,511
$7,827,95212, 435, 20812,046,95912, 468,1888, 612,1319, 368, 34111,462,54425,630,01718,418, 69620,668,110
397398387366386382
SOUTH DAKOTA
1923.1924.19251926.1927.1928.1929.1930.1931.1932
2,8562,9702,8382,8723,0082,9543,0713,1273,1323,023
1,5361,5591,5761,3541,6651,7121,6851,5141,093473
$4, 222, 5794, 792, 5505, 257, 2503, 436,8145, 230, 3266, 229, 5936, 295, 7954,845, 5012, 240,930699,076
$296, 618355, 445426,159256, 921387,136394, 344394, 531293, 708117,91783, 658
1,3201,4111,2621,518704677816998
1,3611,900
$4,062,1274, 022, 9243, 357, 2543,926, 6722, 893,8462, 336, 8422, 783, 6803, 441, 0565,022,4155,853,420
565570615678650
TENNESSEE
1923.1924.1925.192619271928.1929.1930.19311932
4,8605,1004,8014,9555,0395,2135,3385,4085,3125,199
3,0843,0743,0473,0473,0543,0393,0322,4631,8321,010
$54,321, 63052,089,33666, 906, 46366, 926, 64661,403, 02565,892,91759, 532, 77133,117,36722, 969, 04612,997,102
900, 220789,104792, 719176, 829404, 893039,468744,440363,850273, 944699, 865
1,7762,0261,7541,9081,5771,7471,8522,4833,0073,678
$15, 591, 28520,990, 55512, 677,41417, 420, 52718, 545, 01818, 068, 75524, 702,12646, 887, 97345, 251, 59542,421, 675
408427454462473511
TEXAS
1923192419251926192719281929193019311932
10, 22710, 78711, 24511, 97012, 93014, 23814, 55215,43115, 22515,154
6,2736,8156,8907,2537,5248,2938,1566,6605,2162,982
$102,801, 770150, 501, 590206, 658,194199, 524, 527142, 338, 038173,980,186189,131, 65397,054, 49845, 981, 35540,857, 630
$11,038,40316, 819,18024,862, 38524, 863, 04017, 051,09818, 441,18018,193, 3639, 738, 5934,310, 6824, 712, 524
3,9543,9724,3554,7174,3534,7615, 2437,3628,58210, 653
$68,461, 27250, 576, 80545, 913,93352,191, 06757, 302, 81568,852,11566,898, 581106,850, 621152,978, 375156, 412,802
1,0531,1841,1531,4091,4271,519
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME 197
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax l—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
UTAH
1923192419251926192719281929193019311932 .
3 0453 0963,1203 0833,1253,5083,2453,3013,1352,901
1 4681,4831,6351 5371,5891, 7121,6461,392
977419
$22 517,47419, 351, 55521, 297, 44918, 565, 79617,178,82120, 363, 45819, 932, 65211, 322,6675,055,6541, 573,193
$1,833,4882, 098,8112,431, 5782,182, 9051, 951, 6602, 003, 5331,813, 5681, 054, 956
425, 943206,062
1,5771,6131,4851,546
913932888
1,1731,5161,909
$8,137,6487, 727,1889, 698, 2629,894, 3099, 636, 5298, 750,9648,581,567
14, 324, 98918, 046,47618, 527, 233
631866423247617573
VERMONT
1923.1924.1925.1926.1927.1928.1929.1930.1931.1932.
1,0381,0601,0881,0961,0891,1121,1201,1201,1691,174
755683708699683724704572420221
$12,163, 4579,133, 39610,237,93710, 429, 3229, 926,67410, 314, 26610, 254, 5895, 287, 4571, 932, 5631, 209, 737
261,188011, 271218, 235230,132164, 237038, 308962, 763491, 254154, 727158, 050
283377380397348342357492693899
$2, 983,6993, 774, 7743, 469, 9104,178, 0515, 571, 0514, 597, 9349, 641, 5726, 215, 4307, 792, 24710,089,924
584659565654
VIRGINIA
1923.1924192519261927.1928.1929.1930.1931.1932.
5,9576,0186,2146,3586,4856,7857,1687,1397,0716,915
3,7113,6753,8343,7953,7953,8353,8373,2412,7301,490
$94, 500,11582, 085, 981112, 238, 006135, 858, 624123, 647, 900118, 504, 599132, 956, 424110, 674, 82976, 746, 38936, 692, 458
$10,835,9, 392,13, 405,17, 283,15, 770,13,166,13, 793,12, 519,8, 662,4, 972,
110478461674458376936433031267
2,2462,3432,3802, 5632,1372,3372,6133,1853,6614,765
$27, 636. 06327, 703, 92238, 639, 83817, 389, 27222, 530, 74718, 790, 38222, 534, 62844, 413, 50750, 869, 65962, 778, 864
553613718713
WASHINGTON
19231924.1925.192619271928,192919301931.1932
9,78610, 09510,19110, 74810,97711,84712,15912, 70913, 09112, 328
4,8844,8555,2595,3055, 3555,8745,9244,9343,9161,654
$83, 737, 48854, 809,15863, 838, 64663, 300, 51162, 700, 44975, 391, 04776, 230, 22731, 491, 68317, 607, 9707, 744, 057
$8,999,4125,850, 6627,122, 2787,285,8197, 222, 2317,419, 2166, 985, 7662, 685, 6571,396,507
953,537
4,9025,2404,9325,4433,7483,7994,0585, 3066, 3888,150
$26, 503, 05331, 770, 30929, 367, 03733, 503, 26633, 997, 34431,004, 39231, 683, 92757, 351, 26283, 322, 82485,440,174
WEST VIRGINIA
1,8742,1742,1772,4692, 7872,524
1923..1924_.1925_.1926_.1927 _1928 _1929_1930.1931_1932_
3,0882,8182,8433,0002, 9282,7732, 8732,4771, 9009G2
$73, 477,88450, 005,17264, 525, 291.76,151,59157, 023, 96951,922,82259, 0i6, 70327, 487, 23916, 445, 2077, 914, 672
$8, 344,0, 635,7, 632,9, 415,6, 995,5, 445,5, 757,2, 640,1,586,1, 038,
075527661061769406011573022708
1, 9742, 5482,3622,1421,8251,9101,8432,1082,5083,344
$20, 016, 45723, 027, 54223, 393, 06618,899, 98123, 073, 30419,963, 68917, 257,82221, 379,80338, 950, 36537, 569, 456
486462457516545501
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
198 STATISTICS OF INCOME
TABLE 19.—Corporation returns for 1923 to 1932 by States and Territories, showingfor returns with net income, no net income, and no income data, number of returns,net income or deficit, and tax 1—Continued
YearTotal
numberof re-turns
Returns showing net income
Number Net income Tax
Returns showing no netincome 2
Number Deficit
Numberof returnsshowing
no incomed a t a -
Inactivecorpora-tions 2
WISCONSIN
19231924._19251926192719281929193019311932
12, 79713,14413, 48913, 82714,45615, 39315,83616, 00916,31116, 203
7,8817,6798,1418,2538,5678,8288,8106,7775,1992,806
$150, 217, 630132, 284,875171,192, 887187, 043, 641185,418,099184, 569, 354198, 397, 599103, 139, 63350, 205,16819, 848, 231
$16, 386, 92915,113,20020, 325,14923,192, 75823,117, 90820,122, 26419, 928,16410, 920, 5035, 100, 2513, 060, 931
4,9165, 4655,3485, 5744, 1724,6815,0797,2349,06711,176
$37, 604, 96136, 919, 63535, 078, 06136, 632, 01239, 756, 03245, 955,10147, 430, 47273, 340, 050109, 487,196149, 785,121
1,7171,8841,9471,9982,0452,221
WYOMING
1923192419251926192719281929193019311932
1 6361, 5271,4511, 4181,4021,4411,4681,4401,4161,495
747761789776788881798721580246
$5 322 7174,411,9418,187, 8585, 232, 6694,920, 1115, 737, 2693, 975, 8463, 065, 7781, 701, 367527, 547
$512, 562391,311884, 463533, 681491, 747456, 749262,169202,88991,16158, 628
889766662642413364450492634
1,039
$5,656, 7675, 329, 3293,865, 3603, 569, 3763,856. 4352, 677, 5673, 690, 7183, 991, 4814, 873, 9596, 349, 990
20119622022720221C
For footnotes, see p. 188.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REVENUE ACTS OF 1909 TO 1932
SYNOPSIS OF
INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"
199
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME AND PROFITSTAX RATES, ESTATE AND GIFT TAX RATES, CREDITS, AND EXEMP-TIONS AFFECTING THE COMPARABILITY OF DATA IN "STATISTICSOF INCOME"
INDIVIDUALS
A. Individuals required to file returns, personal exemption, creditfor dependents, and normal tax rates, under the Revenue Acts of 1913to 1932, inclusive.
B. Individual surtax rates under the Revenue Acts of 1913 to 1932,inclusive.
C. Individual supplemental income-tax rates and tax credits, underthe Revenue Acts of 1917 to 1932, inclusive.
CORPORATIONS
D. Corporation income and profits tax rates and credits, under theRevenue Acts of 1909 to 1932, inclusive.
ESTATES
E. Federal estate tax rates, specific exemption, and credits against•estate tax, under the Revenue Acts of 1916 to 1932, inclusive.
GIFTS
F. Federal gift tax rates and specific exemption under the RevenueActs of 1924 and 1932.
201
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
202 STATISTICS OF INCOME
A.—Individuals required to file returns, personal exemption, credit for dependents,
Revenue Act
1913 (Oct 3, 1913)
1916 (Sept. 8, 1916; amendedMar. 3 and Oct. 3, 1917).
1917 (Oct. 3, 1917)
1918 (Feb. 24, 1919)
1921 (Nov. 23, 1921)
1924 (June 2, 1924)
1926 (Feb. 26, 1926)
1928 (May 29,1928)
1932 (June 6, 1932)
Applicable to citizens and residents of the United States
Income year
M a r . 1, 1913, to Dec.31, 1915.
1916.
1917 - - .
(1918
[1919, 1920 .(1921{1922[1923 10
1924
(1925{1926U927.
/1928
1929
1930
.1931
1932
Individuals required to file returns 2
Married and livingwith husband or wife 4
Net in-come b
$3,000
3,000
2,000
2,000
2,000
2,000
2,500
1 3,500)
3, 500
2,500
Gross in-come re-gardless
of amountof net in-
come
$5,000
5,000
5,000
5,000
5,000
Single, or married andnot living with hus-band or wife
Net in-come 5
$3,000
3,000
1,000
1,000
1 000
1,000
1,000
1,500
1,500
1,000
Gross in-come re-gardless
of amountof net in-
come
$5,000
5,000
5,000
5,000
5,000
See footnotes on pp. 204 and 205.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICS OF INCOME
and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive
203
Applicable to citizens and residents of the United States Applicable to nonresident aliensl
Personal exemption and creditfor dependents 3
Marriedand livingwith hus-band orwife, orhead offamily 7
Single, ormarried
and not livingwith husbandor wife, andnot head of
family *
Creditfor de-pend-ents 8
Net income subjectto normal tax 6
Normaltax rate
(per-cent)
Personal exemption
Marriedand livingwith hus-band orwife, orhead offamily 1
None
$4,000
j> N o n e
} «| 1,000
r 1,000
• 1,500
y l, 500
> 1,500
> 1,500
t 1,500
\ 1,000
Single, ormarriedand notliving
with hus-band or
wife, andnot head
of family 7
None
$3,000
None
1,000
1,000
1,500
1,500
1,500
1,500
1,500
1,000
Creditfor de-pend-ents8
None
None
None
(9)
12 None
(12)
(12)
(12)
(12)
(12)
(12)
(12)
Nor-maltax
rate8
(per-cent)
$4,000
4,000
2,000
2,000
2,000
u 2,500
2,500
3,500
3,500
2,500
$3,000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,000
None
None
$200
200
200
400
400
400
400
400
AIL.
AIL./First $2,000(.Balance over $2,000,./First $4,000\Balance over $4,000../First $4,000\Balance over $4,000../First $4,000(Balance over $4,000..First $4,000..Second $4,000Balance over $8,000..First $4,000
-.Second $4,000[Balance over $8,000..(First $4,000\Second $4,000[Balance over $8,000.(First $4,000{Second $4,000[Balance over $8,000.(First $4,000{Second $4,000[Balance over $8,000.First $4,000.Second $4,000Balance over $8,000.
/First $4,000(Balance over $,4000..
12
1
2
2
12
8
13g
13 6
135
135
3 14 4
13 5
13 5
13 8
61684—34 14
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204 STATISTICS OF INCOME
[Footnotes for table A.]1 Required to file income tax returns for all income derived from sources within the United States, re-
gardless of amount unless total tax has been paid at source.2 (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to fi;e returns on a cal-
endar year basis, while under the Revenue Act of 1918 and subsequent years, returns are permitted fora fiscal year other than that ending Dec. 31. (6) For the years 1913, 1914, and 1915, citizens or residentsof the United States whose net income was less than $20,000* and for whom a full return was made by with-holding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving alarge portion of their gross income from sources within a possession of the United States are required tofile eturns for all income derived from sources within the United States or income from sources within orwitiiout the United States received within the United States, regardless of amount. (See sec. 262 of theRevenue Acts of 1921, 1924, and 1926, and sec. 251 of the Revenue Acts of 1928 and 1932.) (d) For 1925 andsubsequent years American citizens who are nonresidents of the United States for more than 6 monthsof the year are not required to report earned income from sources without the United and are not requiredto file returns unless their gross income, exclusive of earned income from sources without the United States,exceeds $5,000; or unless their net income, exclusive of earned income from sources without the UnitedStates, exceeds the amount indicated above under "Individuals required to file returns. "(See also (c)above.) For 1932 and subsequent years income from sources without the United States does not includeamounts paid by the United States or any agency thereof. (See sec. 116 (a), Revenue Act of 1932.)
3 Not applicable to citizens deriving a large portion of their gross income from sources within a possessionof the United States, for 1921 and subsequent years. Such citizens are entitled to the personal exemptionand credit for dependents shown in this table for nonresident aliens, for 1921 and subsequent years.
4 Husband and wife each to file a return unless combined income is included in joint return.s Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined
in the various revenue acts. Net income has been adjusted from time to time as follows:(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war is included toa reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the netincome before deducting the contributions, are deducted for 1917 and subsequent years. For unlimiteddeduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Actsof 1928 and 1932.
(c) Losses sustained in transactions entered into for profit but not connected with business or trade arenot deductible for 1913 to 1915, inclusive. For 1916 and 1917 such losses are deductible to the extent ofthe aggregate income from such transactions, for 1918 to 1931, inclusive, such losses are wholly deductible,excepting that for 1924 and subsequent years the loss, if incurred through the sale of capital assets heldfor more than 2 years, is deductible from total tax, to the extent of 12^ percent of the loss. (See table C.)For 1932, losses from sales or exchanges of stocks or bonds (other than capital assets held for more than 2years, and other than bonds issued by a government or political subdivision thereof) are allowed only tothe extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excessloss thus disallowed, computed without regard to any losses sustained during the preceding taxable year,is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustainedin the succeeding taxable year from sales or exchanges of stocks or bonds other than capital assets. (Seesec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial Recovery Actrepeals, effective as of Jan. 1,1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limiting the appli-cation of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similartransactions during the same taxable year and prohibiting the carrying forward and application of suchlosses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of 1932,the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to personsdealing in securities or carrying on the banking business (see sec. 23 (r) (3), Revenue Act of 1932). How-ever, sec. 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1,1933, section 23 (r) (3)of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to personscarrying on the banking business, thereby limiting the application of losses from the sale or exchange ofstocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of suchlosses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act alsoamends, effective as of Jan. 1, 1933, section 182 (a) cf the Revenue Act of 1932 by removing the privilegeof individual members of a partnership to reduce their individual net incomes by their proportionateshares of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other thancapital assets).
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on bythe taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending priorto Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the pre-ceding year, a re determination of taxes for the preceding year being made. When the net loss exceeds thenet income for the preceding year, the amount of such excess is to be deducted from the net income of thesucceeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any yearbeginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and ifsuch net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowedin the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and suc-ceeding years shall be allowed as a deduction in computing net income for the next succeeding taxable yearonly. (See sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, sec. 218 (a) of the National IndustrialRecovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the Revenue Act of 1932, therebyremoving the privilege of deducting from the net income for the current taxable year a net loss for the pre-ceding taxable year.
6 Net income subject to normal tax is all net income after deducting the sum of: (a) personal exemption,(ft) credit for dependents, (c) dividends on stock of domestic corporations (other than those deriving alarge portion of their gross income from sources within a possession of the United States, 1921 and subse-quent years, and other than China Trade Act corporations, 1922 and subsequent years, and other thancorporations exempt from tax for 1932 and subsequent years), (d) dividends on stock of foreign corpora-tions receiving a certain amount of income from sources within the United States, 1913 and subsequentyears, (e) income the tax upon which has been paid or withheld for payment at the source of income forthe years 1913 to 1917, inclusive, (/) interest not wholly tax exempt on United States obligations issuedafter Sept. 1. 1917.
7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 toDec. 31, 1913.
8 For each dependent under 18 years of age or incapable of self-support because mentally or physicallydefective.
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STATISTICS OF INCOME 205
¥ 9 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the creditfor each dependent ($200) only when the country of which nonresident alien is a citizen either imposesno income tax or allows similar credit to citizens of the United States not residing within such foreigncountry.
i° Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.11 For net incomes of $5,000 and over, personal exemption is $2,000.12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mex-
ico), $400 credit allowed for each dependent.13 For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net
income attributable to compensation for labor or personal services actually performed in the United Statesreceive benefit of normal tax rate provided for United States citizens
14 See joint resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates ofincome tax for 1929.
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206 STATISTICS OF INCOME
B.—Individual surtax rates under the
Net income
Exceed-ing
Not ex-ceeding
Thousands of dollars567.58
101212.513141516182022242628303234363840424446485052545658606264666870727475767880828486889092949698
100150200250300400500750
1,0001,5002,000
67.58
101212.513141516182022242628303234363840424446485052545658606264666870727475767880828486889092949698
100150200250300400500750
1,0001,5002,000
A
Act Of lyio vis in-comes for Mar.1, 1913-Dec. 31,1Q1 ^iyio
Rate(percent)
1111111111111112222222222222333333333333344455566666
Totalsurtax
$20406080
100120140160180200220240260280300340380420460500540580620660700740780800830890950
1,0101,0701,1301,1901,2501,3101,3701,4301,4901,5503,5505,5507,550
10, 05015, 05020, 05035, 05050, 05080, 050
110, 050
Act of 1916 on in-comes for 1916
Rate(percent)
11111111112222222222333333333334444444444567899
1010111213
Totalsurtax
$20406080
100120140160180200240280320360400440480520560600660720780840900960
1,0201,050L, 0801,1401,2001,280I, 360L,440I, 520I, 6001,6801,760L,8401,9202,0004,5007,500
11,00015,00024,00033,00058, 00083,000
138,000198, 000
Act of 1917 on in-comes for 1917
Rate(percent)
1122334445558888888888
121212121212121212121717171717171717171717222222222222222222222731374246465055616263
Totalsurtax
$10253575
135150170210250300400500660820980
1,1401,3001,4601,6201,7801,9402,1002,3402,5802,8203,0603,3003,5403,7804,0204,2604,5004,8405,1805,5205,8606,2006,5406,8807,0507,2207,5607,9008,3408,7809,2209,660
10,10010, 54010, 98011, 42011,86012,30025, 80041, 30059, 80080,800
126, 800172, 800297, 800435,300740,300
1, 050, 300
Act of 1918 on in-comesi.yiy,ai]Act of
for 1918,
1921 on in-comes for 1921
Rate(percent)
1223455566789
101112131415161718192021222324252627282930313233343536363738394041424344454647485256606063636464656565
Totalsurtax
$104050
110190215240290350410550710890
1,0901,3101,5501,8102,0902,3902,7103,0503,4103,7904,1904,6105,0505,5105,9906,4907,0107,5508,1108,6909,2909,910
10, 55011, 21011,89012, 59012,95013,31014, 05014, 81015,59016, 39017, 21018, 05018,91019, 79020,69021, 61022, 55023, 51049, 51077, 510
107, 510137, 510200, 510263, 510423, 510583, 510908, 510
1, 233, 510
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STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
207
Net income
Exceed-ing
Thousand567.58
101212.5131415161820222426283032343638404244464850525456
; 58606264
1 66! 681 70. 72
7475767880828486889092949698
100150200250300400500750
1,0001,5002,000
Not ex-ceeding
s of dollars67.58
101212.513141516182022242628303234363840424446485052545658606264666870727475767880828486889092949698
100150200250300400500750
1,0001,5002,000
Act of 1921 on in-comes for 1922and 1923 1
Rate(percent)
1112333445689
1011121315151617181920212223242526272829303132333435353637383940414243444546474849505050505050505050
Totalsurtax
$1520408095
110140180220320440600780980
1,2001,4401,7002.0002,3002,6202,9603,3203,7004,1004, 5204,9605, 4205, 9006,4006, 9207, 4608, 0208,6009, 2009,820
10,46011,12011,80012,15012, 50013,22013,96014, 72015, 50016. 30017, 12017, 96018, 82019, 70020, 60021, 52022, 46046, 46070, 96095, 960
120, 960170, 960220,960345, 960470, 960720,960970, 960
Act of 1924 on in-comes for 1924
Bate(percent)
1111223456789
1010111213131415161718]91920212122232425262627272828293031313233343536363737383839394040404040
Totalsurtax
$202530406080
140220320440580740920
1,1201,3201, 5401, 7802, 0402, 3002, 5802,8803, 2003, 5403,9004,2804, 6605,0605, 4805,9006,3406,8007,2807,7808,3008, 8209,0909, 3609,920
10, 48011,06011, 66012, 28012, 90013, 54014, 20014, 88015, 58016,30017, 02035, 52054,02073, 02092,020
131,020170, 020270, 020370, 020570, 020770, 020
Act of 1926 on in-comes for 1925,1926, and 1927,and Act of 1928 onincomes for 1928,1929, 1930, and1931
Rate(percent)
1111223456778899
1010111112121313141415151616171717181818181818191919191919191919192020202020202020202020
Totalsurtax
$202530406080
14022032044058072080
1,0401,2201,4001, 6001,8002,0202,2402,4802, 7202, 9803,2403,5203,8004,1004,4004,7205, 0405,3805, 7206, 0606,4206, 7806, 9607,1407, 5007, 8608,2408,6209,0009,3809,760
10,14010, 52010, 90011,28011, 66021, 66031, 66041, 66051, 66071, 66091, 660
141, 660191, 660291, 660391, 660
Act of 1932 on in-comes for 1932
Rate(percent)
1112333445689
1011121315151617181920212223242526272829303132333435353637383940414243444546474849505051525354555555
Totalsurtax
$1520408095
110140180220320440600780980
1,2001,4401,7002,0002,3002,6202,9603,3203,7004,1004,5204, 9605,4205,9006,4006,9207,4608,0208,6009.2009,820
10, 46011,12011,80012,15012, 50013, 22013, 96014,72015, 50016, 30017,12017,96018, 82019, 70020, 60021, 52022, 46046,46070,96095,960
120,960171,960223,960356,460491,460766, 460
1, 041, 460
» Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
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C.—Individual supplemental income-tax rates and tax credits under the Revenue Acts of 1917 to 1982, inclusive
Rev-enueAct
1917
1918
1921
Incomeyear
1917
1918,1919,19201921
Excess-profits tax
Income subject toexcess-profits tax
Salaries in excess of$6,000* and incomein excess of $6,0001from business hav-ing no investedcapital.
Net income frombusiness havinginvested capital:2
Net income equalto 15 percent ofinvested capitalless deduction.3
Net income in ex-cess of 15 per-cent of investedcapital but notin excess of 20percent of in-vested capital.
Net income in ex-cess of 20 per-cent of investedcapital but notin excess of 25percent of in-vested capital.
Net income in ex-cess of 25 per-cent of investedcapital but notin excess of 33percent of in-vested capital.
Net income in ex-cess of 33 per-cent of investedcapital.
None
Rate(per-cent)
8
20
25
35
45
60
Tax on capital net gain fromsale of assets held morethan 2 years
Tax credit on capital net lossfrom sale of assets heldmore than 2 years
Tax credit of 25 percent of tax computed on earnednet income
Earned net incomesubject to tax forcomputat ion ofcredit
Limit of credit
Tax credit for in-come and prof-its taxes paidto foreign coun-tries or UnitedStates posses-sions
Income and prof-its taxes paidto foreign coun-tries or UnitedStates posses-sions were notallowed as atax credit butwere includedin general de-ductions, fromgross income,except thattaxes paid toforeign coun-tries were notallowed to non-resident aliens.
Amount paid oraccrued.4
Do.5
tooGO
w.H
i ioGO
3oo
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1921 1922,19238
1924
1926
1928
1932
1924
1925,1926,1927
192S, 1929,1930,1931
1932
Taxpayer may elect to betaxed at 12^ percent oncapital net gain, provided,that the total tax, includ-ing the tax on capital netgain, is not less than 12>£percent of the total netincome. (Loss in ordi-nary net income cannotbe deducted from capitalnet gain.)
Taxpayer may elect to betaxed at I2y2 percent oncapital net gain if the taxwould be greater than 12^percent by includingcapital net gain in ordi-nary net income. (Loss inordinary net income maybe deducted from capitalnet gain and the balancetaxed at 12^ percent.)
Same as 1924 act
..do..
.do-
Capital net loss may be re-ported apart from ordi-nary net income and atax credit of 12^ percentof the capital net losstaken, if the tax thus pro-duced is not less than thetax would be if the capitalnet loss were deductedfrom ordinary net income.
Same as 1924 act
.do-
All net income upto $5,000 whetherearned or not, and upto $10,000 if earned.
All net income up to$5,000 w h e t h e rearned or not, andup to $20,000 ifearned.
All net income up to$5,000 w h e t h e rearned or not, andup to $30,000 ifearned,
25 percent of normal tax onearned net income. (Can-not exceed 25 percent ofnormal tax on ordinarynet income.)
25 percent of total tax onearned net income. (Can-not exceed the sum of 25percent of normal tax onordinary net income and 25percent of surtax on earnednet income.)
do
Amount paid oraccrued.4
Do.
Do.
Do.
Do.?
i
ui
o
2ao
1 In excess of $3,000 for nonresident aliens.2 Nonresident aliens having business with invested capital reported only that proportion of invested capital which net income from sources within the United States was of the
entire net income.3 Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of invested capital for taxable year as the average annual pre-war income
was of pre-war invested capital (not less than 7 percent nor more than 9 percent). If not established during at least one whole year of the pre-war period, 8 percent. If, duringthe pre-war period the individual had a deficit or a very small income from business, or if invested capital cannot be determined, same percent as that of representative businesses.(See sec. 210, Revenue Act of 1917.)
4 Nonresiaent aliens were not allowed to deduct income taxes paid to foreign countries either as a tax credit or in general deductions for the years 1918, 1919, and 1920.o Beginning with 1921 the credit cannot exceed the proportion of the total tax against which the credit is taken that the taxpayer's net income from sources without the United
States bears to the entire net income. This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income from sources within a posses-sion of the United States, but to such persons these taxes are allowable as a deduction from gross income, if imposed upon income from sources within the United States. For theyears 1921 to 1931, inclusive, the amount of income and profits taxes paid to foreign countries or United States possessions, in excess of that deducted as a tax credit, is permitted to beincluded in deductions against gross income.
e Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.7 For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or United States possessions (with certain limitations) from the total tax
liability, or to include the entire amount of the taxes paid to foreign countries or United States possessions in deductions against gross income. (See sec. 131, Revenue Act of 1932.)
fcO
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210 STATISTICS OF INCOME
D.—Corporation income and profits tax rates and credits,
Revenue Act Income year
Income tax
Specificcredit2 Taxable income
Rate(percent)
1909 (excise tax) (Aug.5, 1909).
1913 (Oct. 3, 1913)
1916 (Sept. 8, 1916;amended Mar. 3, 1917,and Oct. 3, 1917).
1917 (Oct. 3, 1917)
1909 to Feb. 28,1913.
Mar. 1, 1913, toDec. 31, 1915.
1916
1917..
$5,000
None.
None.
None.
3918 (Feb. 24, 1919) 1918.
1919, 1920-
19211 (Nov. 23, 1921)
1924 (June 2, 1924)..1926 (Feb. 26,1926)..
1928 (May 29, 1928)..
19211922, 1923..192419251926, 1927..1928.
1932 (June 6, 1932).
1929..1930..1931..1932..
$2, 000
2,000
2,0002,0002,0002,0002,0003,0003,0003,0003,000
None.
Net income 4 in excess of specific credit.
All net income
do—..
Dividends out of earnings from Mar. 1,1913. to Dec. 31, 1915.
N e t income in excess of t he s u m of (1)excess-profits tax for the current year,and (2) d iv idends received out ofearnings from M a r . 1, 1913, to Dec.31, 1915.
N e t income in excess of t he s u m of (1)excess-profits tax for the current yearand (2) d iv idends received out ofearnings from M a r . 1, 1913, to Dec.31, 1917.
N e t income in excess of the s u m of (1)the specific credit, (2) excess-profitsand war-profits taxes for cur ren t year,a n d (3) interest received on U n i t e dStates obligations issued after Sept .1, 1917.
N e t income in excess of the s u m of (1)the specific credit , (2) excess-profitstax for cur ren t year, (3) excess-profitsand war-profits taxes on income fromGovernmen t contracts , (4) interestreceived on U n i t e d States obliga-tions issued after Sept . 1, 1917, a n d(5) War F inance Corpora t ion bondsnot exempt .
doN e t income in excess of specific credit1 0 .
d o ._ . . . d o. . . . . do. . . . . do __. . . . d o —. . . . d o . . . . .. . . . d oAll ne t income
12
10
1012H1 2 ^
« 1311 131/3
1212 11
1212
is 1394
For footnotes, see pp. 212-213.
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STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive l
211
Excess-profits tax 3
Credit
$3,000 « plus: An amount equal to thesame percentage of invested capital6
for the taxable year as the averageannual pre-war income was of pre-war invested capital (not less than7 per cent nor more than 9 per cent);or if corporation was not in existenceduring at least 1 whole year of the
j pre-war period, 8 per cent of investedcapital for taxable year; or if duringpre-war period, corporation hadeither no net income or a very smallnet income or if invested capital cannot be determined, same per cent asthat of representative corporations.
J (See sec. 210, Revenue Act of 1917.)
$3,000 5 plus 8 per cent of the investedcapital6 for the taxable year.3
do
do 7
Taxable income
Net income equal to 15 percent of invested capitalless credit.
Net income in excess of 15per cent but not in excessof 20 per cent of investedcapital.
Net income in excess of 20per cent but not in ex-
| cess of 25 per cent of in-vested capital.
Net income in excess of 25per cent but not in ex-cess of 33 per cent of in-vested capital.
Net income in excess of 33per cent of investedcapital.
Net income equal to 20 percent of invested capital
Net income in excess of 20per cent of investedcapital.
Net income equal to 20 percent of invested capital
Net income in excess of 20per cent of investedcapital.
do
Rate(percent)
20
25
35
45
60
30
65
20
40
Tax credit for income andprofits taxes paid toforeign countries orUnited States posses-sions
For 1917 and prior years,income and profits tax-es paid to foreign coun-tries or United Statespossessions were notallowed as tax credit,
> but were included ing e n e r a l deductionsfrom gross income, ex-cept that taxes paid toforeign countries werenot allowed to foreigncorporations.3
Amount paid or accrued.
Do.
Do 8
Do.«.Do.Do.Do.Do.Do.Do.Do.Do. M.
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212 STATISTICS OF INCOME
D.—Corporation income and profits tax rates and credits
Revenue Act
1918 (Feb. 24, 1919)
Incomeyear
1918.
War-profits tax 3
Credit
$3,000 5 plus either an amount equal tothe average pre-war net income plusor minus 10 per cent of the increase ordecrease of invested capital6 for thetaxable year as compared with aver-age pre-war invested capital, or 10per cent of the invested capital forthe taxable year, whichever isgreater.1 s
Taxableincome
Net incomein excessof w a r -p r o f i t scredits.
Rate (per-cent)
80 ( lessamountof excess-p ro f i t stax).
1 All corporations are required to file returns regardless of amount of net income or loss, except thosespecifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operatingfor profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar yearbasis; under subsequent revenue acts corporations were permitted to file returns on a fiscal year basis,other than the calendar year; except that under the act of 1921 and subsequent acts, life insurance com-panies were required to file on a calendar year basis in accordance with the State laws regulating insurancecompanies. Foreign corporations are required to file income tax returns for all income derived from sourceswithin the United States regardless of amount. From Jan. 1, 1918, to Dec. 31, 1921, personal service cor-porations were treated as partnerships. Prior and subsequent to said dates, such corporations were taxedas other corporations.
2 Specific credit allowable to domestic corporations with net income of $25,000 or less for 1921 to 1931, inclu-sive, except domestic corporations deriving a large portion of their gross income from sources within apossession of the United States for 1928 and subsequent years; not allowable to foreign corporations for1918 and subsequent years.
3 For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for1921, the war-profits and excess-profits tax of corporations deriving a large portion of their gross income fromsources within a possession of the United States is computed by comparison with representative corpora-tions whose invested capital can be satisfactorily determined and which are engaged in a like or similartrade or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). (See note 6.)
4 Net income means "statutory" net income, i.e., the excess of gross income over deductions as defined inthe various revenue acts. Foreign corporations report only net income from sources within the UnitedStates; for 1921 and subsequent years domestic corporations deriving a large portion of their gross incomefrom sources within a possession of the United States report only income from sources within the UnitedStates or income from sources within or without the United States received within the United States (seesec. 262 (b) of the Revenue Acts of 1921,1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932).Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on orafter Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to areasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Dividends on stock of domestic corporations (other than those deriving a large portion of their grossincome from sources within a possession of the United States, 1921 and subsequent years, and other thanChina Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for1932 and subsequent years) were entirely tax exempt under the Revenue Acts of 1909,1918, and subsequentyears, as well as dividends on stock of foreign corporations receiving a certain amount of income from sourceswithin the United States under the Revenue Acts of 1909, 1918, and subsequent years.
(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are entirelydeductible, except that for 1932 and subsequent years losses from sales or exchanges of stocks or bonds (otherthan capital assets and other than bonds issued by a government or political subdivision thereof) areallowed only to the extent of the gains from such sales or exchanges. The Revenue Act of 1932 providesthat any excess loss thus disallowed, computed without regard to any losses sustained during the precedingtaxable year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered asloss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capitalassets. The limitation on the deduction of losses from sales or exchanges of stocks or bonds does not applyto dealers in securities, banks, or trust companies. (See Sec. 23 (r), Revenue Act of 1932.) However,sec. 218 (b) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sec. 23 (r) (2) ofthe Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks orbonds (other than capital assets) to gains from similar transactions during the same taxable year and pro-hibiting the carrying forward and application of such losses to gains from similar transactions in the suc-ceeding taxable year.
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by thetaxpayer: In the case of a net loss for any taxable year beginning after Oct. 31,1918, and ending prior to Jan.1,1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the precedingyear, a redetermination of taxes for the preceding year being made. When the net loss exceeds the netincome for the preceding year the amount of such excess is to be deducted from the net income of the suc-ceeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year begin-ning after Dec. 31,1920, may be deducted from the net income of the succeeding taxable year, and if suchnet loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in thenext succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeedingyears shall be allowed as a deduction in computing net income for one succeeding taxable year only. How-ever, sec. 218 (a) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and117 of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for thecurrent taxable year, a net loss for the preceding taxable year.
(e) For insurance companies, see special provisions in the various revenue acts.
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STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive—Continued1
213
Bevenue Act
1918 (Feb. 24, 1919)
1921 (Nov. 23, 1921)
Tax on income from Government contracts
Income year
1919, 1920 „
1921
Taxable income
Total amount of net income de-rived from Government con-tracts made between Apr. 6,1917,and Nov. 11, 1918, if in excess of$10,000.
do
Rate (per cent)
Excess-profits and war-profits tax rates ofRevenue Act of 1918,as limited by sec.301 (c).
Do.
5 The $3,000 credit not allowable to foreign corporations.6 Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year)and exclusive of inadmissible assets as denned in the revenue acts. (See sec. 207, Revenue Act of 1917,and sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion ofinvested capital which net income from sources within the United States was of the entire net income.For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital,and for the year 1921 it was not necessary for corporations deriving a large portion of their gross incomefrom sources within a possession of the United States to report invested capital. (See note 3.)
< The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross incomefrom sources within a possession of the United States.
8 Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a taxcredit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannotexceed the proportion of the total tax against which the credit is taken that the taxpayer's net income fromsources without the United States bears to the entire net income. This credit does not apply to foreigncorporations or to domestic corporations deriving a large portion of their gross income from sources withina possession of the United States, but to such corporations these taxes are allowable as a deduction fromgross income if imposed upon income from sources within the United States. For the years 1921 to 1931,inclusive, the amount of taxes paid to foreign countries or United States possessions in excess of that de-ducted as a tax credit is permited to be included in deductions against gross income. (See note 14.)
s Not allowable to China Trade Act corporations for 1922 and subsequent years.10 For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount
received as interest upon obligations of the United States which is included in gross income (e.g., see sec.236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations are entitledto a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
11 Income of insurance companies, exclusive of mutual companies other than life, taxable at 12^ percent.12 See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of
income tax for 1929.is The rate of tax on consolidated returns for 1932 and 1933 is 14^ per cent.14 For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or
United States possessions (with certain limitations) from the total tax liability, or to include the entireamount of the taxes paid to foreign countries or United States possessions in deductions against gross income.(See sec. 131, Revenue Act of 1932.)
15 If corporation was not in existence during the whole of at least one calendar year during the pre-warperiod, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the samepercentage of invested capital for the taxable year as the average percentage of net income to investedcapital for the pre-war period of representative corporations but such amount shall in no case be less than10 per cent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.)
NOTE.—For the year 1917 there was also a tax of 10 per cent upon that portion of the total net incomeremaining undistributed 6 months after the close of the taxable year, in excess of the income actuallyemployed in the business, or invested in obligations of the United States issued after Sept. 1, 1917.
For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profitswas not subject to the ordinary corporation income tax but the individual stockholders were taxed upontheir proportionate shares of its net income.
For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable netincome of a corporation where it was shown that there had been an evasion of surtax as the result of anunreasonable accumulation of profits. This additional tax was increased to 50 per cent for 1924 and subse-quent years, with the provision for 1926 and subsequent years that the 50 per cent additional tax shall notapply if all the shareholders of the corporation include in their gross income their entire distributive shares,whether distributed or not, of the net income of the corporation for such year.
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E.—Federal estate tax rates, specific exemption, and credits against estate tax, under the Revenue Acts of 1916 to 1932, inclusive to
Net estate
Exceeding Not exceed-ing
Thousands of dollars10
1020304050
100150200250400450600750800
1,0001,5002,0002,5003,0003,5004,0004,5005,0006,0007,0008,0009,000
10,000
20304050
100150200250400450600750800
1,0001,5002,0002,5003,0003,5004,0004,5005,0006,0007,0008,0009,000
10,000md over
Revenue Act
1916
In effect from Sept. 9,1916, to Mar. 2, 1917,inclusive
Rate(percent)
1111223344555566778899
101010101010
Total tax$100
200300400500
1,5002,5004,0005,500
11, 50013, 50021,00028, 50031,00041,00071,000
101, 000136, 000171,000211,000251, 000296, 000341, 000441,000541,000641, 000741, 000841,000
1916as amended by Act of
In effect from Mar. 3,1917, to Oct. 3, 1917,inclusive
Rate(percent)
\XAlAWiWi334/^43^661}/21A7/^2l]/299
103^
\oy2121213}/*>13/1>151515151515
Total tax$150
300450600750
2,2503,7506,0008,250
17, 25020, 25031, 50042, 75046,50061,500
106, 500151, 500204, 000256, 500316, 500376, 500444,000511,500661, 500811, 500961, 500
1, 111, 5001, 261, 500
1917
In effect from Oct. 4,1917, to 6:55 p.m.,Feb. 24, 1919, inclu-
sive
Rate(percent)
22222446688
101010101212141416161818202020222225
Total tax$200400600800
1,0003,0005,0008,000
11,00023,00027,00042, 00057,00062, 00082, 000
142, 000202,000272,000342,000422, 000502,000592,000682,000882, 000
1, 082, 0001, 282, 0001, 502, 0001, 722,000
1918, 1921 , and 1924as amended by Act of
In effect from 6:55 p.m.,Feb. 24, 1919, to 10:25a.m., Feb. 26, 1926,inclusive
Rate(percent)
111112233446688
1012141416161818202020222225
Total tax$100
200300400500
1,5002,5004,0005,500
11,50013, 50022, 50031, 50035, 50051,500
101, 500161,500231, 500301, 500381,500461, 500551, 500641, 500841, 500
1, 041, 5001, 241, 5001,461, 5001,681, 500
1926 and 1928
In effect after 10:25 a.m.,Feb. 26, 1926
Rate(percent)
11111233445566789
10111213141415161718•1920
Total tax$100
200300400500
1,5003,0004,5006,500
12, 50015,00022, 50031, 50034, 50048, 50088, 500
133, 500188, 500238, 500298, 500363, 500433,500503, 500653, 500813, 500983, 500
1,163, 5001,353, 500
19321
In effect a:June (
Rate(percent)
I2345799
111113131515171921232527293133353739414345
ter 5 p.m.,3, 1932
Total tax$100
300600
1,0001,5005,0009,500
14, 00019, 50036, 00042, 50062,00084, 50092, 000
126, 000221, 000326,000441,000566,000701,000846,000
1, 001, 0001,166,0001, 516,0001, 886,0002, 276,0002, 686,0003,116,000
3
O
3oo
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SPECIFIC EXEMPTION AND CREDITS AGAINST TAX
Net estate
Specific exemption:Resident decedents. _ _Nonresident decedents _.. _
Credits against Federal estate tax:Credits for estate, inheritance, legacy, or suc-
cession taxes actually paid to any State orTerritory, or the District of Columbia in re-spect of any property included in the grossestate of the decedent for Federal estate taxpurposes.
Credit for Federal gift tax paid by the decedentin respect of property included in the grossestate of the decedent for Federal estate taxpurposes.
Revenue Act
1916
In effectfrom
Sept. 9,1916, toMar. 2,1917, in-clusive
$50, 000
1916as amended
by act ofMar. 3, 1917
In effectfrom
Mar. 3,1917, to
Oct. 3, 1917,inclusive
$50,000
1917
In effectfrom Oct. 4,
1917, to6:55 p.m.,Feb. 24,1919, in-clusive
$50, 000
1918, 1921, and 1924as amended byAct of 1926
In effect from 6:55p.m., Feb. 24,1919, to 10:25a.m., Feb. 26,1926, inclusive
$50,000. _
Not to exceed 25percent of tax(from 4:01 p.m.June 2, 1924, to10:25 a.m., Feb.26, 1926).
Total amountpaid under Rev-enue Act of 1924,as amended.
1926 and 1928
In effect after 10:25 a.m.,Feb. 26, 1926
$100,000
Not to exceed 80 percent oftax (after 10:25 a.m. Feb.26, 1926).
Total amount paid underRevenue Act of 1924, asamended. Credit foramount paid under Rev-enue Act of 1932 not toexceed the proportion ofthe tax computed underthe Revenue Act of 1926that the value of the in-cluded gift bears to theentire gross estate.
19321
In effect after 5 p.m., June 6, 1932
$50,000.
None.
None, for amount paid under RevenueAct of 1924, as amended. Credit foramount paid under Revenue Act ol1932 not to exceed the proportion ofthe additional estate tax that thevalue of the included gift bears to theentire gross estate, and not to exceedthe difference between the gift taxcredit allowed against the tax com-puted under the Revenue Act of 1926and the total amount of the gift tax.
o
o
3ao
i Rates for computation of additional tax—additional tax is amount by which tax computed according to the provisions of the Revenue Act of 1932 exceeds tax computed accord-ing to rates under the Revenue Act of 1926.
to
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216 STATISTICS OF INCOME
F.—Federal gift-tax rates and specific exemption under the Revenue Acts of 1924and 1932 1
Net gifts 2
Exceeding
$10,00020,00030,00040, 00050,000100, 000150,000200,000250,000400,000450, 000600,000750, 000800,000
1, 000,0001, 500,0002,000,0002, 500, 0003,000, 0003, 500, 0004,000,0004, 500,0005,000, 0006, 000,0007, 000, 0008,000,0009, 000, 00010,000, 000
Not exceeding
$10,00020,00030, 00040,00050,000100, 000150,000200, 000250,000400, 000450,000600, 000750, 000800, 000
1, 000, 0001, 500,0002, 000, 0002, 500,0003, 000, 0003, 500, 0004,000,0004, 500, 0005,000, 0006, 000, 0007,000,0008, 000, 0009,000, 00010,000,000
Act of 1924as amended by Act of
1926
Rate(percent)
1111122334466881012141416161818202020222225
Amount oftax
$100200300400500
1,5002,5004,0005,50011, 50013,50022, 50031, 50035, 50051, 500101, 500161, 500231,500301, 500381, 500461, 500551, 500641,500841, 500
1,041, 5001,241,5001,461, 5001, 681, 500
Act of 1932 *
Rate(percent)
2H33^5
r>A88
1111
1415H1718M2021^2324^26273^2930^3233H
Amount oftax
$75225450750
1,1253,6256,87510,12514,12526,12530, 87545,12561, 62567,12592,125162,125239, 625324, 625417,125517,125624, 625739, 625862,125
1,122,1251, 397,1251, 687,1251, 992,1252, 312,125
1 No gift tax in effect from Jan. 1, 1926, to June 6, 1932.2 Net gifts means the total amount of gifts made during the calendar year less the specific exemption and
other allowable deductions. Specific exemption—Act of 1924: Resident, $50,000 each calendar year; non-resident, none. Act of 1932: Resident or citizen, $50,000 less the aggregate of the amounts claimed andallowed for preceding calendar years (after June 6, 1932); nonresident alien, none.
* In effect from June 2, 1924, to Dec. 31, 1925.4 In eilect after June 6, 1932. Tax for calendar year is the excess of tax computed on the aggregate sum of
net gifts for such calendar year and preceding years over tax computed on aggregate sum of net gifts forpreceding years.
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INCOME-TAX FORMS
217
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FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNSFOR 1932 USED IN PREPARING " STATISTICS OF INCOME "
Form 1040. Individual income-tax return for net incomes fromsalaries or wages of more than $5,000, or incomes, regardless ofamount, from business, profession, rents, or sale of property.
Form 1040A. Individual income-tax return for net incomes of notmore than $5,000 derived chiefly from salaries and wages.
Form 1120. Corporation income-tax return.Form 1120L. Life insurance company income-tax return for com-
panies issuing life and annuity contracts, including combined life,health, and accident insurance.
219
61684—34 15
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220 STATISTICS OF INCOME
TREASURYINTERNAL R INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN 55,000AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY
For Calendar Year 1932F3. Thii Return Wife the CoDedor of Intemil Reteoue far T o Putrid on or B.t«w March 15,19
3 ADDRESS PLAINLY BELOW
Do Not Write in These Spaces
1. Are you a citizen or r<of the United States?
2. If you filed a return for 1931, towhich Collector's office was it i
3. Is this a joint returnof husband and wife?
4. State name of husband or wife if aseparate return was made and theCollector's office to which it was sei
9. State whether y
t?
gor wife on the last day of your taxable year?
6. If not, were you on the last day of your taxable year supportingin your household one or more persons closely related to youf...
7. How many dependent persons (other than husband or wife) under18 f i l f t i d t h i hif
y o s o d one or moreHow many dependent persons (other than husband or wife) under
18 years of age or incapable of self-support received their chiefsupport from you during your taxable year?
8. If your status in respect to question 5, 6, or 7 changedduring the year, state date and nature of change
. Salaries,Wages, Commissions, Fees, ct
INCOME(State name and address of employer)
•^ 2. Income from Business or Profession. (From Schedule A) .
£ 3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds)....
2 4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Sour©
gj 5. Income from Partnerships, Syndicates, Pools, etc. (State name and address)....
n Fiduciaries. (Stato name and ad
7 Rents and Royalties. (From Schedule B) _
j . Profit from Sale of Real Estate, Stocks, Bonds, etc. (From Schedule C) •
) Taxable Interest on Liberty Bonds, etc. (From Schedule E) _
). Dividends on: (a) Stock of Domestic Corporations subject to taxation under Title I of 1932 Act
(b) Stock of Domestic Corporations not subject to taxation under Title I of 1932 Act
(c) Stock of Foreign Corporations
!. Other Income. (State nature of income)
(a) _
DEDUCTIONSit Paid...
:. Taxes Paid. (Explain In Bchwiulo F)
i. Losses by Fire, Storm, etc. (Explain in
;. Bad Debts. (Explain In Schedule F)
is Item 19)
COMPUTATION OF TAX (See Ins
23.21
25.
26.
27.
os
30.
31.
U
To
An
An
A r
Income Subject to Tax (Item 22 above) S. ...'s- Interest on Liberty Bonds, j i ~ ~ .
D i v i d e n d s ( i t e m 10 ( a ) ) . . j . . . . . . [
Personal Exemption ' j
Credit for Dependents 1 . . '. . i
a] of Items 24 to 27 !$ .. J !
ount taxable at 4% (not o«r M.coo)
ount taxable at &% (Item 29 minus 30)
S . .'
5....:
mint of Capital Net Gain or LORS (From s<+.e<!»le'D;'*..J
: I 33 .
1 35.
L| i ! 3 9
40- - . . . . I I
J41.
Normal Tax w% o! I
Surtax on Item 22
Tax on Net Income
Ajustment for Capi
Total Tax (total of orLess: Income Tax
Income Tax
Balance of Tax Oten
See tatructlon 23)
tal Gain or Loss (i2H%of Item 32)
Paid at Source (2% of
Paid to a foreignXT S. possession........
$ '
138 minus » «d 40
$
. .. .
t
$
AFFIDAVITI swear (or affirm) that this return, including the accompanying schedules and statements, has been examined by me, and to the best of my knowledge and
belief is a true and complete return, made in good faith, for the taxable year stated, pursuant to the Revenue Act of 1932 and the Regulations issued thereunder.
(See instruction 27) W return It made by agent, the raaaon therefor most t» rtated on th'u floe)
Sworn to And subscribed before me this day of
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STATISTICS OF INCOME 221
HOLE A—INCOME FROM BUSINESS OR PROFESSION (See Instruction 2
1. Total receipts from business or profession (state kind of business).
COST OV CJOQ-DS SOLD
2. Labor...
3. Material and supplies
4. Merchandise bought *or sale
5. Other oosts (itemize below or on separate sheet).
6. Flue inventory at beginning of year
7. Tor*t, (lines 2 to •&)
8. Less inventory at fsui of .year
8. NET COST OP GOODS 3OM> (Line 7 minus Line 8).
OTEEH Brsinass DEI
11. Interest on business indebtedness to others..
12. Taxes on business and business property
13. Losses (explain in table at foot of page)
14. Bad debts arising from sales or services-15. Depreciation, obsolescence, and depletion (ex
plain in table provided at foot of page)16. Bent, repairs, and other expenses (itemizi
below or on separate sheet) _17. TOTAL (Ltees 10 to 16)
18. TOTAL DEDUCTIONS (Line 9 plus Line 17)...
19. NET PROFIT (Line 1 minus Line 18) (Enter as Item 2 ) -
SCHEDULE B—INCOME FROM RENTS AND ROYALTIES
l . KIND CT PBOTBHTT vssst
8. COST OR V A I T OAS OT MARCH 1, 1913,WHICEBVEB DEBATES
$ s
(See Instruct!on V)
$
' (Itemize below)8
$
( E n t m a s
$ |
"I-SCHEDULE C—PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction 8)
1. Km> C» PMMBETT A5S2.
. 1
3 . A M O ™ H , A _
$ s 1 <i " 1 ! " :i i i
F Hills$
SCHEDULE D—CAPirAL NET GAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS (See Instn
2. D A T EACQOIBJKD '•ss- 4. AMomra BJEAUZED
$
PB,OK TO TIUT D*TZ
$ !
ij
7. COSTCT I PROVE-
MABCH 1, 1913
$
A 8. D.FBXUTI08
T.CNE
OESM'i
EECH
C?,Tl3
1....
jction 8a)
9 N O L
S i1
SCHEDULE E—INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES
(o) Obligations of a State, Territory, or political subdivision thereof,or the District of Columbia -
(5) Securities issued under Federal Farm Loan Act, or under such Act asamended, Treasur y Bills, and Treasury Certificates of Indebtedness,
(c) Liberty 3J4 % Bonds and other obligations of United States issued onor before September 1, 1917, and obligations of U. S. possessions.
(«f) Libertv 4% and 4M% Bonds and Treasury Bonds
2. AMOCKT O T O D
$. . - - '
i|
j
!
4. PRFNOTAL
E " ! S T T O ™ "
All
AIL.....
$5,000
SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, H, 16, 17,
(See Instru tion
5 AMOTNT Omm
s
AND 18
X X
9)
6. INVEST
r
$
EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
njf buildings, state material of which constructed) A£2£
EXPLANATION OF DEDUCTION FOR 1
3. A O S - W H E NACqUIBXD
i. PROBABLELm AFTSS V A L U I E A I F H A C < ! " I B E D
1 i .j
j |
1vOSSES BY FlUE, STORM, ETC., CLAIMED IN SCHEDULE
7. DinnunoM
j
j
1A, AND IN ITEM 15
1. KIND OT PsoreitTT 2. DATK AcqcnsiD3. COST OB V A
A3 OT MABCB 1W H K B I T E B O B
$
"Sf. 1 i. SUBSEQUENT
.... L .._!..!" ! ; ;
A ° W F . " E " S
$ .s $
: : : : : :
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222 STATISTICS OF INCOME
INSTRUCTIONSThe Instructions Numbered 1 to 20 Correspond with the Item Numbers on the First Page of the Return
I. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.
ntry,Any y p g ,
etc., such as traveling expenses, while away from home in the pursuit of a tradeor business, should be fully explained in Schedule F on page 2 of the return, or•on an attached statement. Traveling expenses ordinarily include expendituresfor railroad fares, meals, and lodging.
2. INCOME FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession on your own account, fillin Schedule A on page 2 of the return, and enter the net income (or loss) asItem 2 on page 1 of the return.
This schedule should include income from: (<i) Sale of merchandise orproducts of manufacturing, mining, construction, and agriculture; (b) Businessservice, such as hotel, restaurant, and garage service, amusements, laundering,etorage, transportation, etc.; and (c) Professional service, such as dentistry,law, or medicine. In general, report any income in the earning of which youincurred expenses for material, labor, supplies, etc.
Farmer's income schedule.—If you are a farmer and keep no books ofr keep bocks on a cash basis, obtain from the Collector, and attachurn, Form 1040F, S c h d l f F I d E d t
i It 2to this return, Form 1040F,the net farm income as Iterof flccoviut &rc kept on 1111 a
Installment sales.—If tina schedule showing separately for the years 1929, 1930, 1931, and 1932 the iol-lowing: (a) Cross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentageof profits to gross sales; (e) Amount collected; and (/) Gross profit on amountcollected. See Section 44 of the Revenue Act of 1932.
Kind of business.—Describe the business or profession in the space pro-vided at the top of page 1, aa "grocery," "retail clothing," "drug store,""'laundry," "doctor," "lawyer," "farmer," etc.
Total receipts.—Enter on Line 1 of Schedule A the total receipts, loss any^discounts or allowances from the sale price or service charge.
Inventories.—If engaged in a trade or business in which the production,
merchandise on hand should be taken at the beginning and end of the taxableyear, which may be valued at cost, or cost or market, whiche
le of F:trm Income and Expenses, and e2 on page 1 of tins return. If your farm books
crual basis, the filing of Form 1040F is optional,i t l l t t h d i used, attach to the return
r.Line 2,hild
}n business property or for carrying onjed agains local benefits of a kind "tending
d by repairs claimed
Salaries.—Enter on Line 10 all salaries not included as "Labor"except compensation for services of yourself, your dependent minoor of husband or wife if a joint return is filed, which is not deductible.
Interest.—Enter on Line 11 interest on business indebtedness. Do notinclude interest to yourself oa capital invested in or advanced to the bu.<
Taxes.—Enter on Line 12 ti'business. Do not include taxesto increase the value of the property assessed, nor Fcdci
Losses.—Enter on Line 13 losses incurred in the trade or bu:compensated for by insurance or otherwise aud not made goodas a deduction. Losses of business property arising fiehould be explained in the table at the foot of page 2 of the retui
Bad debts.—Enter on Line 14 debts, or portions thereof, arising from salesor services that have been reflected in income, which have been definitely ascer-tained to be worthless and charged o!f within the year, or such reasonableamount as has been added to a reserve for bad debts within the year.'
A debt previously charged off as bad, if subsequently collected, must bereturned as income for the year in which collected.
Depreciation.—Enter on Line 15 the amount claimed as depreciation byreason of exhaustion, wear and tear of property used in the trade or business, oras obsolescence or depletion, and explain in the table at the foot of page 2 howthis amount was determined. If obsolescence is claimed, explain why the use-ful life is less than the actual life.
The amount of depreciation on property acquired by purchase should bedetermined upon the basis of the original cost (not replaiproperty and the probable number of yearif the property was purchased prior to Mathe fair market value of such property as ofever is greater. If the property was acquired in any other manner th£
" " 23 (k), 23 (m), and 114 of the Revenue Act of 1932.
seful life, exceptwill be computed on. original cost, which-
a deduc is claim it of dind 114 of the Revc
of n
erty held for pcrs
Lity, ordinarssary bu.sine:
, . . _ ,s23(l),Do not claim any deduction for (
pied by you as a dwelling, or properi;6ive of improvements thereon), nor <
Rent, repairs, and otherproperty in which you have :in a usable condition, and other necessary business expcnseisuch as heat, light, and fire insurance. Do not includeoccupied by you for residential purposes, the cost of busifurniture, expenditures for replacements or permanent impierty^nor personal, living, or family expenses.
Deficit.—If the amount to be entered on Line 19 shows a deficit, such amount.should be preceded by a minus sign or written with red ink.
3. INTEREST ON BANK DEPOSITS, ETC.Enter as Item 3 all interest received or credited to your account during the
taxable year on bank deposits, notes, mortgages, and corporation bonds, exceptinterest on bonds upon which a tax was paid at the source. Interest on bondsis considered income when due anc^ payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tax was paid at sotax (2 per cent of the interest entered in Item 4) may be claimedin Item 39 of the return.
irities.
repairs to keep the property* -'assified above,
for a dwellingequipment or
Suchdit
Enter as Item 5 your share (whether received or not) of the profits of a part-nership, syndicate, pool, etc., and as Item 6 income from an estate or trust,
•except that the share of (a) capital net gatn or loss computed as provided inInstruction 8a shall be reported in Schedule D, (6) taxable interest on obligations
• of the United States shall be included in Schedule E, and (c) profits which con-sisted of dividends on stock of domestic corporations shall be included in Item10 ((a) and/or {b)) on the return. Include in Items 39 and 40,respectively,
If the taxable yenr on the basis of which you file your return fails to coincidewith the annual accounting period of the partnership or fiduciary, then you
•"*— ir distributive share of the net profits for suchwith tshould
itiug period ending within your taxabli
7. INCOME FROM RENTS AND ROYALTIES
Fill in Schedule B, giving the information requested."perty or crops in lieu of cash rent, report the incoibeen received in cash. Crops received as rent on aeported as income for the year in which disposed of (i:ome accrued).
tear,
F i l inIf you r c e d p
though the rent hadchare basis should be
'J Enter as depreciation the amount of weaduring the taxable year 1932, and explain in
Other expenses, such as interest, taxes, fire insuramother necessiiry expenses of this character should be it<
depletion sustainedt tne foot of page 2., fuel, light, labor, and
mized.
8. PROFIT FROM SALE OF REAL ESTATE, BONDS, ETC.
Describe the property briefly in Schedule C, and state the price received, or"the fair market value of the property received in exchange. Expenses connected with the sale may be deducted in computing the profit or loss.
If gain or loss is computed on March 1, 1013, value, both cost and March 1,.1913, .value must be shown and full information, given as to how March 1 1913,
value was determined. If the amount shown as cost is other than flctaal Cashcost of the property sold, full details must be furnished regarding the acquisition
Enter as depreciation the amount of wear and tear, obsolescence, or depletionwhich has boen allowed (but not less than the amount allowable) in respect ofsuch property since date of acquisition, or since March 1, 1913, if the propertywas acquired before that date. In addition, if the property was acquired beforeMarch 1, 1913, and if the cost of such property is greater than its fair marketvalue as of that date, the cost shall be reduced by the depreciation actually BUS-taincd before that date.
Deductions for losses from sales or exchanges of stocks and bonds which arenot capital assets as defined in Section 101 of the 1932 Act shall be allowed onlyto the extent of the gains from' such sales or exchanges (including gains whichmay be derived by a taxpayer from the retirement of his own obligations). SeeSection 23 (r) and (t) of the Revenue Act of 1932.
Subsequent improvements include expenditures for additions, improve-ments, and repairs made to restore the property or prolong its useful life.
No loss shall be recognized in any sale or other dispositi f t ki d b t t i l l i d t i l t o kyo
ys beforh
e you haf
its useful life.n of stock or securi-
i ithistock or securiecurities within
i iti
or othelly iden
of such sale, unless you antered in Column 8 is a ,
t should be preceded by a minus sign or written with red ink.
8a. CAPITAL NET GAIN OR LOSS
If desired, a capital net gain derived from the sale or exchange of capitalt b t d t l d t f 12J^ per cent paid thereon in
net gain" means the ex-
g.separatelyd t
- iy be r _lieu of the" normal ta: _cess of the total amount of capital gain ovitions and capital losses, plus (6) the amo
In case a capital net loss is sustained fiassets, the total normal tax and surtax cori et income shall be reduced by 123 j per ceicase shall the tax computed in this manncand surtax that would be imposed withouttorm "capital net loss" means thet IC capital deducti
capital assets" n
jnt, if any, by which the ordinaryed without capital gain.•om the sale or exchange of capital
imputed on the basis of the ordinary;ntof such capital net loss; but in noier be less than the total normal taxit the benefit of this provision. Theof the sum of the capital losses plus
int of capital gain.
ected with yelude your stock in trade or other property of a kind which would properly beincluded in your inventory if on hand at the close of the taxable year, or prop--'--••-••••- . . . . . - . - . • - of your trade or businc
mputedl as
trily forFill in Schedule D in accordance with Instruction 8, if the tax is ©
inder this provision, and enter 12J^ per'cent of the capital net gain otern 37 on page 1 of the return. In case of a capital net loss, the amount ofuch loss and the credit claimed should be preceded by a minus sign or writtenvith red ink. See Section 101 of the Revenue Act of 1932.
9. INTEREST ON LIBERTY BONDS, ETC.
Schedule E should be filled in if you own anumerated in Column 1. Enter in Columi-:irious obligations owned and enter in Colur
iccount during the year on these obligations, including your share?st received from a partnership, or an estate or trust,all coupons falling due within the taxable year will be consideredthe year, where the books are kept on a cash receipts and disburse-
kept on an accrual basis, report the actual amountiterest accrued on tne oDiigations owned during the taxable year,the obligations enumerated on Line {d) are owned in excess of the exemp-of 85,000, Columns 5 and C should be filled in, and the total of the interestrted on Line (d), Column 6, entered as Item 9 on page 1 of the return.
if'suchIntei
nents basis. If the books
ny of thel 2 the pan 3 all ii
obligationsrincipal am
or seountsived <
puritiesi of thesr cred-
10. DIVIDENDSEnter
tiItem 10 (a) the amount received aa dividends (1) from a domestio
corporation subject to taxation under Title I of the Revenue Act of 1932 otherthi.n a corporation entitled to the benefits of Section 251 of the Act of 1932 andotl.er than a corporation organized under the China Trade Act, 1922, or (2) froma foreign corporation when it is 6hown to the satisfaction of the Commissionerthat more than 50 per cent of the gross income of such foreign corporation forthe three-year period ending with the close of its taxable year preceding thodeclaration of such dividends (or for such part of such period as the corporation.has been in existence) was derived from sources within the United States,including your share of such dividends received on stock owned by a partner-ship, or on estate or trust. Enter as Item 10 (b) dividends from a domesticcorporation not subject to taxation under Title I of the Revenue Act of 1932.Enter as Item 10. (c) dividends from a foreign corporation other than a foreigncorporation described in (2) of this paragraph.
11. OTHER INCOMEEnter as Item 11 all other taxable income for which n
the return.12. TOTAL INCOME
space is provided o
any expens
13. INTEREST PAID
Enter as Item 13 interest paid on personal indebtedness as distinguished frombusiness indebtedness (which should be deducted under Schedule A or B).Do not include interest on indebtedness incurred or continued to purchase or
•y obligations or securities the interest upon which is wholly exempt fromontinued in connection with
indebtedness inclurities the interest upon
taxation or interest on indebtedness incurred orthe purchasing or carrying of an annuity.
14. TAXES PAID
Enter as Item 14 personal taxes and taxes paid on property not used inyour business or profession, not including those assessed against local benefitsof a kind tending to increase the value of the property assessed. Do not includeFederal income taxes, taxes imposed upon your interest as shareholder of acorporation which are paid by the corporation without reimbursement fromyou, nor income taxes claimed as a credit in Item 40. No deduction is allowablefor any portion of foreign income and profits taxes if a credit is claimed inItem 40.
Any deduction on account of taxes ehould be explained in Schedule F .
15. LOSSES BY FIRE, STORM, ETC.Enter as Item 15 losses of property not connected with your business or pro-
fession, sustained during the year if arising from fire, storm, shipwreck, or othercasualty, or from theft, and if not compensated for by insurance or otherwise.See Section 23 (c) of the Revenue Act of 1932.
Explain losses claimed in the table provided on page 2 of the return.
16. BAD DEBTSEn*,cr as Item 1G all bad debts other than those claimed as a deduction in
Schedule A. State in Schedule F, (a) of what the debts consisted, (6) when theywere created, (c) when they became due, (d) what efforts were made to collect,aud (<•') how they were actually determined to be worthless.
17. CONTRIBUTIONSEnter as Item 17 contributions or gifts made within the taxable year to any
corporation, or trust, or community chest, fund, or foundation, organized andoperated exclusively for religious, charitable, scientific, literary, or educationalpurposes, or for the prevention of cruelty to children or animals, no part of thenet earnings of which inures to the benefit of any private shareholder or indi-vidual. The amount claimed shall not exceed 15 per cent of your net incomecomputed without the benefit of this deduction.
A fiduciary filing the return for an estate in process of administration mayclaim, in lieu of this deduction, that provided in Section 162 of th« 1932 Act.
List organizations and amounts contributed to each in Schedule F.
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STATISTICS OF INCOME 223
18. OTHER DEDUCTIONS
entered as Item 21. Do not deduct losses incurred in transactions whichneither connected with your trade or business, nor entered into for profit.
If the return is filed for sa estate in process of administration, there should bededucted the amount of any income paid or credited to a beneficiary.
Any deduction claimed should be explained in Schedule F.
19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18
Enter as Item 19 the total of Items 13 to 18, inclusive. This amount shouldDot include any deduction claimed in Schedule A or B.
20. NET INCOME
Enter as Item 20 the net income, \thich is obtained by deducting Item 19from Item 12. The net income shall be computed upon the basis of the taxableyear in accordance with the method of accounting regularly employed in keepingyour books, unless such method does not clearly, reflect your income.
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
must be filed by every citizen of the United Staiu.- . j . _ J > n r e s i d i n g i n t h e u n i t
= , o —i for the taxable year 1932amounted to $5,000, or whose net income amounted to—
(a) $1,000 if single or if married and not living with husband or wife;(6) $2,500 if married and living with husband or wife; or(c) More than the personal exemption if status of taxpayer changes.
If an individual is single and the net income, including that of dependentminors, if any, is $1,000 or over, or if the gross income is $5,000 or over, a returnmust be filed. If the combined net income of husband and wife, and dependentminor children, if any, is $2,500 or over, or if their combined gross income is$5,000 or over, all such income must be reported on a joint return, or on separatereturns ol husband and wife. In case the husband and wife elect to file separatereturns and their combined net income is $5,000 or over, each shall make areturn on Form 1040.
If the net income of a decedent to the date of his death was $1,000 or over,if unmarried, or $2,500 or over, if married and living with husband or wife, or ifhis gross income for the period was $5,000 or over, the executor or administratorshall make a return for him on Form 1040 or 1040A.
Income of (a) estates of decedents before final settlement, (b) trusts, whethercreated by will or deed, for unascertained persons or persona with contingentInterests; or income held under the terms of the will or trust for future distribu-tion, is taxed to the fiduciary as a single person, except that from the income of adecedent's estate there should be deducted any amount properly paid or creditedto a beneficiary.
22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS
A single person, or a married person not living with husband or wife, mayclaim an exemption of $1,000. A person who was the head of a family or wasmarried and living with husband or wife during' the entire taxable year, nmarried and v i g huband or ife during the entire taxableclaim an exemption of $2,500. If husband and wife file separateexemption may be taken by either or divided between them.
A f'head of a family" i i d i i d l h t l l rth h l d
yea , yturns, the
„ _ -n individual who actually supports and .„„ie household one or more individuals who are closely connected with him by-
blood relationship, relationship by marriage, or by adoption, and whose right toexercise family control and provide for these dependent individuals is basedupon some moral or legal obligation.
In addition to the personal exemption, a credit of $400 may be claimed foreach person (other than husband or wife) under eighteen years of age, or in-capable of self-support because mentally or physically defective, who receivedhis or her chief support from the taxpayer during the taxable year. Thiscredit can be claimed only by the person who furnishes the chief support, andcan not be divided between two individuals.
If the status of the taxpayer, in so far as it affects the persona) exemption orcredit for dependents, changes during the taxable year, the personal exemptionand credit shall be apportioned in accordance with the number of months beforeand after such change. For the purpose of such apportionment a fractional partof a month shall be disregarded unless it amounts to more than half a month inwhich case it shall be considered as a month.
Where a return is filed on Form 1040 for an estate in process of administra-tion, or for a trust, an exemption of Sl,000 may be claimed.
23. COMPUTATION TAX
Income from a partnership or fiduciary computed on a fiscal year basis.—Then income received from a fiduciary making a return for a fiscal yeai ended- - - • • • • • i a if such income were for the ' ' ' " " "
end*ed"inl9327the'part*of s
and the part of such income attributable to 1931 shahigher brackets of the rate schedule applicable to 1931.
Surtax.—The surtax for any amount of net income not shown in the tablebelow is computed by adding to the surtax for the largest amount shown whichis less than the income, the surtax upon the excess over that amount at therate indicated in the table.
In the case of a bona fide sale of mines, oil or gas wells, or any interest thereir.,the surtax on the profit shall not exceed 16 per cent of the selling price. SeeSection 102 of the Revenue Act of 1932.
SURTAX RATES FOR 1932
Amount of net Income
A
$0 to $6,0006,000 to $10,000...
10,000 to 12,000...12,000 to 14,000...14,000 to 16,000...16,000 to 18,000...18,000 to 20,000...20,000 to 22,000...22,000 to 24,000...24,000 to 26,000...26,000 to 28,000...28,000 to 30,000...30,000 to 32,000...32,000 to 36,000...36,000 to 38,000...88,000 to 40,000...40,000 to 42,000—42,000 to 44,000...44,000 to 46,000..46,000 to 48,000..48,000 to 60,000..60,000 to 52,000..62,000 to 64,000..64,000 to 56,000..66,000 to 58,000..58,000 to 60,000..60,000 to 62,000-
Ratepercent
12345689
101112131516171819202122232425262728
Total
$4080
140220320440600780980
1,2001,4401,7002,3002, 6202,9603,3203,7004,1004,5204,9605,4206,9006,4006,9207,4608,020
$62,000 to $64,000..64,000 to 66,000...66,000 to 68,000...68,000 to 70,000...70,000 to 72,000 . .72,000 to 74,000 .74,000 to 76,00076,000 to 78,000...78,000 to 80,000...80,000 to 82,000...82,000 to 84,000...84,000 to 86,000...86,000 to 88,000...88,000 to 90,000 .90,000 to 92,000 .92,000 to 94,00094,000 to 96,000...96,000 to 98,000...98,000 to 100,000...
100,000 to 150,000...150,000 to 200,000...200,000 to 300,000...300,000 to 400,000...400,000 to 500,000..500,000 to 750,000..750,000 to 1,000,000..
1,000,000 up
Rate
D
293031323334353637383940414243444546474849505152535455
Totalsurtai
o
$8, 6009,2009,820
10,46011, 12011, 80012,50013, 22013, 96014, 72015, 50016, 30017, 12017, 96018, 82019,70020,60021, 52022,46046, 46070, 960
120, 960171,960223, 960356, 460491,460
tax paid to a foreign co«....,on 131 (a) of the 1932 Act,
„„ . _ . , „ , or U. S. possession.—If, in aecoKUftptf.rith Section 131 (a) of the 1932 Act, a credit is claimed in Item 40 for incometax paid to a foreign country or a possession of the United States, submit Fontt" ' 16 with your return with the receipts for such payments. In case credit Wo^jght for taxes accrued, the form must have attached to it a certified copy ojtthe return on which the tax was based, and the Commissioner may require *bond on Form 1117 for the payment of any tax found due if the tax when paiddiffers from the credit claimed.
24. ITEMS EXEMPT FROM TAX
The following items are exempt fromincluded in gross income:
(a) Amounts received under a life indeath of the insured, whether in a sinjamounts are held by the insurer under aiinterest payments shall be included in g
(6) Amounts received (other than are insured and interest payments ondowment, or annuity contract, but ifceived before the taxable year under
premiums or consideration paid (whethi1 • the excess shall be included in gross
ible consideration, by
Federal income tax and should not to
surance contract paid by reason of tno;le sum or in installments (but if suchi agreement to pay interest thereon, thO'
lounts paid by reason of the death ofsuch amounts) under a life insurance,such amounts (when added to amount*such, contract) exceed the aggreagata
ir or not paid during the taxable year)income. In the case of a transfer for *
' life insurance, endow--intract, or any interest therein, only the actual value of such
consideration and the amount of the premiums and other sums subsequently paid..by the transferee shall be exempt from taxation under paragraph (a) above Of
(c) Gifts (not made as a consideration for service rendered), and money aridproperty acquired by bequest, devise, or inheritance (but the income derivedfrom such property is taxable and must be reported);
(d) Interest upon (1) the obligations of a State, Territory, or any politicalibdivision thereof, or the District of Columbia; or (2) securities issued under
the provisions of the Federal Farm Loan Act or under such Act as amended; or(3) the obligations of the United States or its possessions. In the case of obli-gations of the United States issued after September 1, 1917 (other than postal
.vings certificates of deposit), the interest on 4 per cent and 4J4 per cent Libertyonds and Treasury Bonds, owned in excess of $5,000, is subject to surtax ifie net income is over $6,000, and should be reported (see Instruction 9);(e) Amounts received through accident or health insurance or under wom-en's compensation acts, as compensation for personal injuries or sickness, plusie amount of any damages received, whether by suit or agreement, on account'
(/) The rental value of a' dwelling house and appurtenances thereof furnished,to a minister of the gospel as part of his compensation,
(g) Compensation paid by a Stato or political subdivision thereof to its-officers or employees for services n-uuireii m i-onueetion with the exercise-of tin.
sential governmental function; and(A) Amounts received as earned income from sources without the United-ates (except amounts paid by the United States or any agency thereof) by aadividual citizen of the United State? who is a bona tide nonresideut for mor©;an six months during the taxable year. The taxpayer in such a case may)t deduct from his gross income any amount propeily allocable to or chargeable?
against the amount so excluded from his gros& jnconie.
25. ACCRUED OR RECEIVED INCOME
If your books of account ar(j kppt op the acaccrued, even though it has not been actually recand expenses incurred instead of expenses paid
If your books are not kept on the a .-rua] bay's, report all income receivedor constructively received, such as .nk interest credited to your account, andexpenses paid.
26. PERIOD TO BE COVERED BY RETURNYour return for the calendar vear 1932 shall be made on Form 1040. If the
return is for a fiscal year ending on the last day of any month, other thanDecember, in 1932, Form 1040FY should be used.
The accounting period established must be adhered to for subsequent yearsr
unless permission was received from tlio CoiiiiTiifsionpr to make & change.An application for a change in the accounting period shall be made o " -
1128 and forwarded to the collector prior to the ' - " ' - • • ' " • - • • • • • ••-the ci'-e of the proposed taxable year.
of thirty days from-
27. AFFIDAVIT
ecuted by the perse
ise the legal representative or agent rjwever, making his own return must exiThe oath will be £
...ecute X - _s the affidavit.
s affidt
ne is reportedated, in which.vit. A minor.
sending or bringing with the return aof "Collector of Internal Revenue at
send cash by,' mail, i r pay it in person
, agent. If an internal revenue officer is notavailable, the return should be sworn to before a notary public, justice of thepeace, or other person authorized to administer oaths, except an attorney oragent employed to represent the taxpayer before the Department in connectionwith his tax liability.
28. WHEN AND WHEKE THE RETURN MUST BE FILED
The return must be sent to the collector of internal revenue for the districtin which you live or have your principal place of business, so as to reach the*collector's office on or before March 15, 1933. In case you have no legal resi-dence or place of business in the United States, the return should be forwarded,to the Collector of Internal Revenue, Baltimore, Maryland.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
The tax should be paid, if possib..,check or money order drawn to the o(insert city and State)." Do not sexcept at the Collector's offiee.
The tax may be paid when the return is filed, or in four equal installments,as follows; The first installment shall be paid on or before March 15, 1933, thesecond installment shall be paid on or before June 15, 1933, the third install-ment on or before September 15, 1933, and the fourth installment on or beforeDecember 15, 1933.
If any installment is not paid on the date fixed for payment the whole amountof tax unpaid shall be paid upon notice and demand by the collector.
30. PENALTIES
For willful failure to make and file a return on lime.—Not more than$10,000 or imprisonment for not more than one year, or both, and, in addition,25 per cent of the amount of the tax.
For willfully making a false or fraudulent return. Not more than $10,000or imprisonment for not more than five years, or both, together with the costs-of prosecution.
For deficiency in tax. Interest on a deficiency at 6 per cent per annum to>the date the deficiency is assessed, or to the thirtieth day after the filing of awaiver of the restrictions on assessment and collection, whichever date is theearlier, and, in addition, 5 per cent of the amount of the deficiency if due tonegligence or intentional disregard of rules and regulations without intent todefraud, or 50 per cent of amount of deficiency if due to fraud.
31. INFORMATION AT SOURCE
Every person making payments of salaries, wages, interest, rents, commis-sions, or other-fixed or determinate income of $1,000 or more during the cal-endar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to*a married person, is required to make a return on Forms 1096 and 1099 showingthe amount of such payments and the name and address of each recipient.These forms will be furnished by any collector of internal revenue upon request.Such returns covering the calendar year J932 must be forwarded to the Com-missioner of Internal Revenue, Sorting Section Washington, D. C., in time to»be received not later than February 15, 1933.
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224 STATISTICS OF INCOME
Form 10H>A
(Auditor*. Stamp)
INDIVIDUAL INCOME TAX RETURNFOR NET INCOMES OF NOT MORE THAN $5,000
DERIVED CHIEFLY FROM SALARIES AND WAGES
For Calendar Year 1932
PRINT NAME AND ADDRESS PLAINLY BELOW
(Street and number, or rural route)
(Poet office) (County) (State)
OCCUPATION
Do not write in this space
Serial
Number
PS"? . . .
(Curlier*. Stamp)
C..S Check M. O.
!. /.re ou a citizen or residentof ,he United States?
2. Was a separate return filedby husband or wife?
married and living with husbandn the last day of the year?e you the head or a familyst day of the year?
5. How many dependents (except husband or wife) received Ichief support from you during your taxable year?
6. State date and nature of any changend t i n 3 4 5 d i the ea
"NO" INCOME
1. Salaries, Wages, Commissions, Fees, ete. (State from whom received)
2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds
3. Interest on bonds upon which a tax of 2% was paid at source
4. Other Income (including income from fiduciaries, partnerships, etc.) (Statesource):
$
5 TOTAL INCOME IN ITEMS 1 TO 4 .
DEDUCTIONS6. Taxes Paid . _
8. Other Deductions Authorized by Law (Explain below):
$
COMPUTATION OF TAX10. Net Income (Item 5 minus Item 9)
11. Personal Exemption $
12. Credit for-Dependents |
13. Balance taxable at 4%, not over $4,000 (Item 10 minus Items 11 and 12)
14 Total Income Tax (4% of Item 13)
15. Less: Income Tax paid at source on tax-free convenant bonds (2% of Item 3)
16. Income Tax paid to a foreign country or U. S. possession (Attach Form me)
17. BALANCE OF TAX (Item 14 minus Items 15 and 16)
$
$
$
$
$ -
$
$
AFFIDAVITI 6wear (or affirm) that this return has been examined by me, and, to the best of my knowledge and belief, is a true and com-
plete return for the taxable year as stated, pursuant to the Revenue Act of 1932 and Regulations issued under authority thereof.
(If return is made by agent, tl
Sworn to and subscribed before me this
day of -, 1933.
See Instructions (Signature of officer administering oath)
• must be stated on this line)
(Signature of taxpayer or agent)
(Title)
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STATISTICS OF INCOME 225
NONTAXABLE OBLIGATIONS AND SECURITIES
STATEMENT OF CONTRIBUTIONS
AMOUNT PAID
$
NAME OF ORGANIZATION
$
AND SECURITIES
(a) Obligations of a State, Territory, or political subdivision thereof, or the District of Columbia
(6) Securities issued under the Federal Farm Loan Act, or under such Act as amended
(c) Obligations of the United States or its possessions. -
DIVIDENDS FROM DOMESTIC CORPORATIONS
•State the amount'of dividends received from domestic corporations subject to income tax under the RevenueAct of 1932, including your share of such dividends on stock owned by a partnership, syndicate, pool, jointventure, etc., or an estate or trust $..
PEN ALTIES
For Willful Failure to Make and File a Return on Time.—Not more than $10,000 or imprisonment for not more than,oneyear, or both, and, in addition, 25 per cent of the amount of the tax.
For Willfully Making a False or Fraudulent Return.—Not more than $10,000 or imprisonment for not more than five years,or both, together with the costs of prosecution.
For Deficiency in Tax.—Interest on deficiency at 6 per cent per annum to the date the deficiency is assessed, or to the thirtieth
and, in addition, 5 per cent of the amount of the deficiency if due to negligence oiwithout intent to defraud, or 50 per cent of amount of deficiency if due to fraud.
mal disregard of rules and regulation:
INSTRUCTIONSLiability for Filing Return
An income tax return must be filed by every citizen of the United Stateswhether residing at home or abroad, and every person residing in the UnittdMates, though not a citizen thereof, having a gross income for the calendar year1932 of $5,000, or over, or a net income for the same period of (a) $1,000 or ovt r,if single, or if married and not living with husband or wife, or (b) $2,500 or o\ tr,if married and living with husband or wife, or (c) more than the personal exempt on if the status of the taxpayer changes during the taxable year. If the comb.ned net income of husband and wife, including that of dependent minor
over either each must make a return, or the income of each must be includedin a single joint reuirn
Items Exempt from Tax
s thereof furnis
1 thereof to its o
.s Item 4 all other taxable u
''(In slock of toifui .rp.jrit
Taxes.—Enter as Item B all persona! taxes and taxes on property paid duringthe u i r Donol inclm't JedtrU income I wis No p irt of foreign IUCOIIK i n i
Contributions.—Enter as Item 7 any roi
P e r s o n a l E x e m p t i o n a n d C r e d i t s
it living with hushand or wife, may
of self-suppiCh.cfs.1,,,,0!
)t ;n 1 cridit »f $400 in > b
plnsiciily defective, who rIn. r-ndit cuibi dum.de
t >>. divided hel\\i.i, .tatUcts tl
General Information
Affidavit.—Tho oath will be administered without charge by any collector
before a person authorized t
biforc the l)t! l r t imm in ( >nmction with his U \Returns—rile the return with the < olle< tor oi 1
district in which you reside on or before .March 15, I'Ji'Tax.—The tax may be paid at time of filing the re
ernal Revenue for tha
rn, or ID four ecjual to
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226 STATISTICS OF INCOME
Form 1120TREASURY DEPARTMENT
INTWHIL RCVIHVX SlSVKI(Audits-. S««mp) CORPORATION INCOME TAX RETURNFor Calendar Year 1932
File This Return with the Collector of Internal Re.erwt (or You, Di.trict <m or Before March 15. 1933
(Street and number)
(Post office and State)
It is Essential, Except Where Otherwise Provided in the Instructions, That This Form be Complete!, FilledOut Irrespectrre of any Statements, Schedule., or Reports Submitted Herewith
Date of Incorporation
Under the Laws of what Stale or Country
Page 1 of Return
FileCode
SerialNumber
District
(CuhlwU Stomp)
C*.h Chock M.O. Cwt.oflnd
Fint Parmut
$..
The Corporation's Boolu arc in Care of . . . . Located at
Kind of Buiines. Ii ThU « CoiuoKdated Return of Two or Mor
faSSfih. GROSS INCOME1. Gross Sales (where inventories are Less Returns and
an income-determining factor), $ ; Allowances, $ ; Net SalesId 2. Less Cost of Goods Sold: |S (a) Inventory at beginning of year $
(b) Material or merchandise bought for manufacture or gale.j (c) Miscellaneous costs (From Schedule A, Column 1): 1g (1) Salaries and (2) Other< wages, $ ; costs, $ , Total
- (rf) Total of lines (a), (b), and (c). 's
S (e) Less inventory at end of year =-._ _ ..
* 3. Gross Profit from Sales (Item 1 minus Item 2) _
4 4. Gross Receipts (where inventories are not an income-determining factor)"" 5. Less cost of operations (FromScheduleA.Column2):2 (a) Salaries and (6) Other^ wages, $ ;; -eosts,.$ , Total
S
6. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 5)
7. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc.
8. Rents _
9. Royalties " -
10. Profit from Sale of Real Estate, Stocks, Bonds, and other Capital Assets (From schedule B)
11. Dividends on:(o) Stock of Domestic Corporations.subject to taxation undc r Title I of Revenue Act of 1932
ii,) Stock-of Domestic Corporations not subject to taxation under Title I cf Revenue Act of 1932
(c) Stock of Foreign Corporations _ ..
12. Other Income (State nature of income):
I : : : : : : : : : : : : : : : : : : : : : : : : : : : :DEDUCTIONS
14. Compensation of Officers (From Schedule C)...._
15- Rent on Business Property - . - -
16. Repairs (From Schedule I»; Salaries and Wages, S ; Other Costs, S , Total
18. Taxes (From Schedule E)
19. Losses (From Schedule F)
20. Bad Debts (From Schedula G)
23 Dividends (From Schedule n) _
22. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From s hedulel)
23. Depletion of Mines, Oil and Gas Wells, Timber, etc. (Submit scbodule we Instruction 23)
24. Other Deductions Not Reported Above (Eiplain below, or on separate sheet)
(a) Salaries and wages. (Not Included in Item 2, 5, 14, or 18 above)....
(&) -*-
25. TOTAL DEDUCTIONS IN ITEMS 14 TO 24
e Corporation.?..
$
$
26. NET INCOME (Item 13 minus Item 25)
27. LESS: N E T Loss FOB 1931 (Submit schedule)
28. NET INCOME FOR TAX COMPUTATION (Item 26 minus Item 27) „
Kto,rk
$
S
$
wManyl
s 1COMPUTATION OF TAX
29. Net Income (Item 28 above)
30. Income Tax (13%% of I tem 29) (or U%% of I tem 29, if this is a
31 . Less: Ii32.
icome Tax Paid a t Source. (This credit can only be allowed to a nonresident foreign corporation).. $.icome Tax Paid to a Foreign Country or United States possession by a domestic corporation(See Instruction 30) ^
33. Balance of Tax (Item is Item, ind 32)...
drafts will be accepted only if payable at par.
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STATISTICS OF INCOME 227
Page 2 Of R e t u r n SCHEDULE K—BALANCE SHEETS
ITIJU
ASSETS1. Cr»sh
3 Account!? rectWnbfo
4. Inventories:
•RAW mutprinia
Work in process
Finished goods
Supplies
6. Investments (nontaxable) :Obligations of a State, Territory, or any po-
litical subdivision thereof, or the Districtof Columbia
Securities issued under the Federal Farm LoanAct, or under such Act as amended
Obligations of the United States or its pos-
8. Other Investments:
Stocks and bonds of foreign corporations
All othpr investments or loans
7. Deferred charges:
Prepaid insurant
Prepaid taxes
8. Capital assets:
Land
Buildings
Furniture and fixtures .. .
Less reserves for depreciation (except onland)
9. Patents „•-.jn. Good will
11. Other assets (describe fully):
(See Instruction
BKOraNWO OF TAXABLE YEAS
Amount
$
$
$
s
s
$..
$
$ . .
—
Total
$
12. TOTAL ASSETS
LIABILITIES
13. Nates payable (less than one year)
16. Mortgages (includiDg bonds and aotea so secured).
17. Accrued expenses:
Interest
All other
18. Other liabilities (describe fully):
19. Capital stock:
Preferred stock (less stock in treasury) _
Common stock (less stock in treasury)...
20. Surplus
21. Undivided profits
$
$
$
$
1
$
$
s
46)
END or TAXABLE YEAB
Amount
S
s
$
$
$
$
$
$
.
11
..J
Total
. . . . . . .
$
$
s I
—
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228 STATISTICS OF INCOME
SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUSPage 3 of Retnn
et locom« from Item 26, page 1 <
f a Bute, Territory, or any politic
(if) Dividends deductible under Section 23 (p) of the Revenui
<O
5. Total ot Lines 1 to 4, inclusive
10. Total o( Lines 7 to 9, inclusive
11. Total from Line 17
12. Surplus and undivided profits as shown by balance
(c) Federal taxes paid or
! Chs.
to paid Character
4. Is thi
151, Affilia
AFFILIATIONS WITH OTHER CORPORATIONSSEE INSTRUCTION 41
e Colic
KIND OF BUSINESS
3. State the main business engaged in, also whether acting as principal <
Schedule, which shall be filled in, sworn t-j>, and filed as a partjf this return. See Section 141 of the Revenue Act of 1932 and Instruction 42.
5. Was the income of this corporation included in a consolidated return for
If so, give name of corporation which filed the consolidated return*
Check the proper block below to indicate the general industrial division in
• Agriculture and related industries, including fishing, forestry, ice harvest-ing, etc.; also leasing of such property.
• Mining and quarrying, including gas and oil wells; also leasing of Buchproperty.
Manufacturing—
J Food products, beverages, and tobacco.
Q J Textiles and textile products.
I J Leather and leather products.
Q ] Rubber and related products.
I I Lumber and wood products, including fiber furniture.
| | Paper, pulp and products.
J I Printing, publishing, and allied businesses.
Chemicals and allied products, including petroleum products.
j I Stone, clay, and glass products.
I j Metal and metal products, including precious metals and products.
[ ~ | Other manufacturing.
•Construction^—excavations, buildings, bridges, rtiilro&ds, ships, otc.j fu?o
equipping and installing operating systems, devices, or machinery with-
• Transport
PREDECESSOR BUSINESS
6. Did the corporation file a return under the same name for the preceding
taxable year? Was the corporation in any way an outgrowth.istenc
and address of each predecessor business, and the date of
Upon such change were any asset values increased or decreased?If the answer is "yes," closing balance sheets of old business and opening balancsheets of ut-w business mast be furnished.
BASIS OF RETURN
Is this return made on the basis of actual receipts and disbursements? .method was used in computing netIf cot, describe fully what other
VALUATION OF INVENTORIES
8. State whether the inventories at the beginning and end of the taxable ye;ost, or cost or market, wliiche
with stock
is lower. If other basil
•Public utilities—electric light or power, gas (artificial or natural), pipe
lines, telephone, telegraph or radio, waterworks, heating, toll bridges,eje; also leasing of such utilities.
LIST OF ATTACHED SCHEDULES
a list of all schedules accompanying this return, giving for
i, safe deposit *ault:
ief title and the schedule number The name and address of the corporate
Trading—wholesale, retail, or commission.
;nt, and domestic, including
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STATISTICS OF INCOME 229
P a g e 4 o f R e t amL COST OF SALES (WHERE INVENTORIES ARE AN INCOME-DETE
Salaries and wages
Other costs
1. KBro o r PBOFKETY , A
*
: : : : : : : : : : : :
ITXHS
SCHEDULE
MotJNT REALIZED
B—PROFIT FROM
3. D A T E AOQOIBED
$
SCHEDULE A
JUUNING FACTOR)
AMOUNT(Enter u Item
$ -
SALE OF RE/I
4. COST
l
1
(See Instructions 2 a
(f),
. . . . . .
L EJ
e
L COST OF oVEHA
Other costs
nd
T1O
5)
«(WH1
5TATE, STOCKS, BOND.
$ $ -
IP
JIE INVENTORIES A
5, ETC. (See I
Ti"wi3
1
::t-
JIE NOT AN INCOME-DETERMINING FAO
<
$
nstruction 10)
SINCE ACQUISITION OB
$
'""pagel)6111
cterssltea
OR)
B.
Loss
State how property was acquired . .
SCHEDULE C—COMPENSATION OF OFFICERS
L N A H E O» O m e n s
(" """""I
|
J
(See Instruc
1ST
I
|
I|
tion 14)
SHAEES or S
Common
TOCK OWNED
5. Preferred (Enter ai Item 14)
$
Salaries
Other cc
SCHEDULE D—COST OF
i. ITEMS
«nrt w
sts
RI:PAIRS (See Instruction 16)
(Enter as Item
$
!
- i......J
:::r
SCHEDULE E—TAXE
ITEMS
i PAID (See Instr action 18)
$
-
SCHEDULE F—EXPLANATION OF LOSSES
' • ^ ^ ™ .DAXE^EDWmCHEtt^OEJ
$
A T " ;
: :
FIRB, STORM, ETC. (See Ins
: : : : : : :
ruct
$ ._
on 19)
$ 1
7. DEDUCTIBLE LOSS(Eii to as Item J»;
State ho
1928
1930
1932
x property wa.
SCHEDULE
..YKAB
acquired.
G--BAD DEBTS (See [nstruction 20)
2. SALES ON
$
3. BAD D E B T S
$
SCHEDULE H—DIVIDENDS DEDUCTIBLE
I. N A M E or COEPOEATIOJI2.
$
(See Instruction 21)
AHOUWT o r DrnDiira)
Domestic 3. Foreign
$ - -
SCHEDULE I—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Inatruction 22)
L EXKD or FBOPKitrr a. D A T S AajumiD 3. AOB W B » 4. PBOBABLH LrrsA m a ACQUISITION S. COST
$
VALDB I»AACQUI8«D P'RIOE
$
7. DEPRECIATION ALLOWED(OB ALLOWABLE)
$ $
AFFIDAVITWe, the undersigned, president and treasurer of the corporation for which this returri is made, being severally duly BWOTOJ each for himself deposes and says
it this return, including the accompanying schedules and statements, has been examined by him and is. to the best of his knowledge and belief, a true andnplete return, made in good faith, lor the taxable year stated, pursuant to the Revenue Aqt of 1932 and the Regulations issued thereunder.
Sworn to and subscribed before me this day of .. , 1933.
See Instruction 52. Attach a separate sheet if any of the abore schedules do not provide sufficient space.
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230 STATISTICS OF INCOME
..«»«»— INSTRUCTIONSThe Instruction* Numbered 1 to 28 on this Page Correspond with the Item Numbers on Page 1 of the Return
GROSS INCOME AND DEDUCTIONS1. Chaw Mfofe—If engaged in business when inventories* are an ineome-
dstennining factor, enter aa Item 1 on page 1 of the return, the gross sales, less«ooda returned and any allowances or discounts from the sale price.
Banks, insurance companies, and other corporations required to submit state-ments of income and expenses to any national, State, municipal, or other publio•officer may submit with the return a statement of income and expenses in theform furnished to such officer, in lieu of the information requested in Items 1 to27 of the return, except that a railroad oomjjany wiQ submit with the return astatement on Form 1090. In such cases the taxable net income will be recon-ciled by means of Schedule L on page 3 of the return, with the net profit shownfcy the inoome and expense statement submitted, and should be entered as Item38 on page 1 of the return.
2. Cost of goods mid.—Enter as Item 2 the information requested on lines (a)to («) and list in Column 1 of Schedule A on page 4 of the return the principalitems of cost, including the amount entered on line (e),~the minor items to begrouped in one amount. Enter as salaries and wages on line (e) the total com-pensation, during the period covered by this return, of individuals employed(exclusive of officers and firm members).
If the production, purchase, or sale of merchandise is an income-producingfactor in the trade or business, inventories of merchandise on hand should be-taken at the beginning and end of the taxable year, which may be valued at cost,•or cost or market, whichever is lower. Enter the letters " C / ' or "C or M,"Immediately before the amount column on lines (a) and (e) under Item 2, if theinventories are valued at either cost, or cost or market, whichever is lower, and.explain fully in answer to question 8 on page 3 the method used. In case theInventories reported do not agree with the balance sheet, attach a statement.explaining how difference occurred.
8. Grow profit from sales.—Enter as Item 3 the gross profit from business in-which inventories are an Income-determining factor, which is obtained bydeducting Item 2, the cost of goods sold as extended, from Item 1, the net sales.
4. Gross receipts from business in which inventories are not an income-determining factor.—Enter as Item 4 the gross receipts or operating revenue.(See also second paragraph of Instruction 1, above.)
6. Cost of operations.—Enter as Item 5 the cost of operations and list in•Column 2 of Schedule A on page 4 of the return the principal items of cost.Enter as salaries and wages the total compensation, during the period coveredfcy this return, of individuals employed (exclusive of officers and firm members).
6. Gross profit from business In which inventories are not an income-deter-mining factor.—Enter as Item 6.
7. Interest on loans, etc.—Enter as Item 7 all interest received or credited to-the corporation during the taxable year on loans, notes, mortgages, bonds, bankdeposits, e tc
8. Bents.—Enter as Item 8 the gross amount received for the rent of property.Any deductions claimed for repairs, interest, taxes, and depreciation should beincluded in Items 16, 17, 18, and 22, respectively.
9. Royalties.—Enter as Item 9 the gross amount received as royalties. If•deduction is claimed for depletion, it should be reported as Item 23.
10. Profit from sale of capital assets.—Enter as Item 10 the amount of gain <loss from the sale or other disposition of real estate, stocks, bonds, and capitalassets.
Describe the property briefly in Schedule B, and state the actual considerationor price received, or the fair market value of the property received in exchange.Expenses connected with the sale, such as commissions paid agents, may be.deducted in computing the amount received.
If gain or loss is computed on March 1, 1913, value, both cost and March 1,1913, value must be shown and full information given aa to how March 1, 1913,•value was determined. If the amount shown as cost U other than actual cash«ost of the property sold, full details must be furnished regarding the acquittion of the property.
Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,or depletion which has been allowed (but not less than the amount allowable)in respect of such property since date of acquisition, or since March 1, 1913, ifthe property was acquired before that date. In addition, if the property wasacquired before March 1, 1013, and if the cost of such property is greater than itsfair market value as of that date, the cost shall be reduced by the depreciationactually sustained before that date. See Section 113 of the Revenue Act of 1932.
Subsequent Improvements include expenditures for additions, improvements,And repairs made to restore the property or prolong its useful life. Do not deduct•ordinary repairs, interest, or taxes in computing gain or loss.
No loss shall be recognized in any sale or other disposition of shares of stocksecurities where the corporation h?& acquired substantially identical stocksecurities within 30 days before or after the date of such sale, unless the corpora-tion is a dealer in stock or securities in the ordinary course of business-
Deductions for losses from sales or exchanges of stocks and bonds which are not•capital .assets as denned in Section 101 of the 1932 Act shall be allowed only tothe extent of the gains from auch saies or exchanges (including gains-which maybe derived by a taxpayer from the retirement of his own obligations). SeeSection 23 (r) and (t)*of the 1932 Act.
11. Dividends?—Enter as Item 11 (a) the amount received as dividends (1)from a domestic corporation subject to taxation under Title I of the RevAct of 1932, other than a corporation entitled to the benefits of Section 251 ofthe Revenue Act of 1932 and other than a corporation organized under theChina Trade Act, 1922, or (2) from a foreign corporation when it is shown tothe satisfaction of the Commissioner that more than 50 per cent of the grossincome of such foreign corporation for the three-year period ending with thedose of its taxable year preceding the declaration of such dividends (or for suchpart of such period as the corporation has been in existence) was derived froisources within the United States. Enter as Item 11 (6) dividends from a domesti•corporation not subject to taxation under Title I of the Revenue Act of 193LEnter as Item 11 (c) dividends from a foreign corporation other than a foreign•corporation described in (2) of this paragraph.
12. Other income.—Enter as Item 12 all other taxable income for whichapace is provided on the return.
13. Total income.—Enter as Item 13 the net amount of Items 3, and 6 to 12,inclusive, after deducting any losses reported in Items 3, 6, and 10.
14. Compensation of officers.—Enter as Item 14 the compensation of all~ i, in whatever form paid, and fill in Schedule C, giving the information
15. Bent—Enter as Item 15 rent paid for business property in winch thacorporation has no equity.
16. Repairs.—Enter as Item 16 the cost of incidental repairs including thalabor, supplies, and other items which do not add to the value or appreciablyprolong the life of the property. Enter as salaries and wages the compensation,during the period covered by this return, of persons employed directly in connec-tion with these incidental repairs, as shown in Schedule D. Expenditures for
buildings, machinery, equipment, or for permanent improvements or better-ments which increase the value of the property are chargeable to capital account.Expenditures for restoring or replacing property are not deductible, as such ex-penditures are chargeable to capital accounts or to depreciation reserve, depend-ing on how depreciation is charged on the books of the corporation.
17. Interest.—Enter as Item 17 interest paid on business indebtedness. Doit include interest on indebtedness incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt from taxation.16. Taxes.—Enter as Item 18 taxes paid or accrued during the taxable year,
to not include Federal income taxes, income taxes • claimed as a credit inItem 32, taxes assessed against local benefits tending to increase the value ofthe property assessed, Federal taxes paid on bonds containing a tax-free cove-nant, nor taxes not imposed upon the taxpayer. No deduction is allowable forany portion of foreign income and profits taxes if a credit is claimed in Item 32.
19. Losses.—Enter as Item 19 losses sustained during the year and not com-pensated for by insurance or otherwise. Losses of business property arising fromfire, storm, shipwreck, or other casualty, or from theft, should be explained inSchedule F, giving the information requested.
20. Bad debts.—Enter as Item 20 debts, or portions"thereof, arising from sales• services that have been reflected in income, which have been definitely ascer-
tained to be worthless and have been charged off within the year, or such reason-able amount as has been added to a reserve for bad debts within the year.
If the debts are included in the deduction claimed, submit a schedule showingthe amounts charged off, and state how each was determined to be worthless.
If the amount deducted is an addition to a reserve, enter in Schedule G theamount of sales charged on account, and the amount of bad debts charged off,for each of the years indicated.
A debt previously charged off as bad, if subsequently collected, must bereturned as inoome for the year in which collected.
21. Dividends.—Enter as Item 21 and describe in Schedule H dividendsreported as income in Item 11 (a).
22. Depreciation.—The amount deductible on account of depreciation in Item22 is an amount fairly measuring the portion of the investment in depreciableproperty by reason of exhaustion, wear and tear, or obsolescence, which is prop-erly chargeable against the operations of the year. If the property was acquiredby purchase on or after March 1, 1913, the amount of depreciation should bedetermined upon the basis of the original cost (not replacement cost) of the prop-erty, and the probable number of years remaining of its useful life. In case theproperty was purchased prior to March 1, 1913, the amount of depreciation willbe determined in the same manner, except that it will be computed on its originalcost, less depreciation sustained prior to March 1, 1913, -or the fair marketvalue as of that date, whichever is greater. If the property was acquired in,any other manner than by purchase Bee Section 114 of the Revenue Act of 1932.The capital sum to be replaced should be charged off over the useful life of theproperty either in equal annual installments or in accordance'with any otherrecognized trade practice, such as an apportionment over units of production.Whatever plan or method of apportionment is adopted must be reasonable andmust have due regard to operating conditions during the taxable year. Themethod adopted should be described in the return. Stocks, bonds, and likesecurities are not subject to exhaustion, wear and tear within the meaning ofthe law.
If a deduction is claimed on account of depreciation Schedule I shall be filledin, and the total amount claimed therein should correspond with the figuresreflected in the balance sheet. In case obsolescence is included, state separatelyamount claimed and basis upon which it is computed. Land values or costmust not be included in this schedule, and where land and buildings werepurchased for a lump sum the cost of the building subject to depreciationmust be established. The total amount of depreciation allowed on each prop-erty in prior years must be shown and if the cost of any asset has been fullyrecovered through previous depreciation allowances, the cost of such assetmust not be included in the cost shown in the schedule of depreciable assetsSee Sections 23 (k) and 114 of the Revenue Act of 1932.
23. Depletion.—If a deduction is claimed on account of depletion, secure fromthe collector Form D (minerals), Form E (coal), Form F (miscellaneous non-metals), Form O (oil and gas), or Form T (timber), nil in and file with return.If complete valuation data have been filed with Questionnaire in previous years,thec file with this return information necessary to bring youj; depletion schedule.up to date, setting forth ic full statement of all transactions bearing on deduc-tions or additions to value of physical Besets with explanation of how depletiondeduction for the taxable year has been determined. See Sections 23 (1) and114 of the Revenue Act of 1032.
24. Other deductions.—Enter other deductions authorized by law, exceptdeduction for net loss for 1931, and file with the return a schedule showing how-each deduction was computed.
25. Total deductions, except for 1931 net loss.—Enter as Item 25 the total ofItems 14 to 24, inclusive.
26. Net income without deduction for 1931 net loss.—Enter as Item 26 thenet income, which is obtained by deducting Item 25 from Item 13. The netincome of a corporation shall be computed upon the basis of its taxable year inaccordance with the method of accounting regularly employed in keeping thebooks, unless such method does not clearly reflect the income.
27. Net loss for 1931.—Enter as Item 27 the amount of net loss for 1931, ifany. See Section 117 of the Revenue Act of 1932. Submit schedule.
28. Taxable net income.—Enter as Item 28 the net income subject to tax,which is obtained by deducting Item 27 from Item 26.
CREDIT FOB TAXES29. A nonresident foreign corporation subject to taxation may claim as a credit
in Item 31 any income tax required to be deducted and withheld at the source.30. If, in accordance with Section 131 (a) of the Revenue Act of 1932, a
credit is claimed by a domestic corporation in Item 32 oh account of income taxpaid to a foreign country or a possession of the United States, submit Form 1118with this return, together with the receipt for each such tax payment. In casecredit is sought for taxes accrued the form must have attached to it aoertified copy of the return on which each such accrued tax was based, and theCommissioner may require a bond on Form 1119 for the payment of any addi-tional tax found due if the foreign tax when paid differs from the amount claimed.A foreign corporation is not entitled to claim this credit s-uoot
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STATISTICS OF INCOME 231
P a g e 2 ot I n s t r u c t i o n s
LIABILITY FOR FILING RETURNS
31. Corporations gentraily.—Every domestic or resident corporation, joint-•toek company, association, or insurance company not specifically exempted bySection 103 of the Revenue Act of 1932, whether or not having any net Income,must file a return on this form, or oa Form 1120A if for a fiscal year.
32. Corporations in possessions of t ie United States.—Domestic corporations•within the possessions of the United States (except the Virgin Islands) mayreport as gross income only gross income from sources within the United States,provided, («) 80 per cent OT more of the gross income for the three-year periodimmediately preceding the close of the taxable year (or such part thereof asmay be applicable) was derived from sources within a possession of the UnitedStates; and (6) 50 per cent or more of the gross income for such period or suchpart thereof waB derived from the active conduct of a trade or business within-a poesessioi. of the United States.
33. Foreign corporations.—A foreign corporation subject to the provisions ofthe Revenue Act of 1932, regardless of the amount of its net income, is requiredto file a return with the collector in whose district is located its principal officeor agency through which is transacted the business in the United States. Thenet income should be computed iu accordance *ith Section 119 of the RevenueAct of 1932.
INSURANCE COMPANIES
34. life insurance companies.—A life insurance company issuing life insuranceand annuity contracts (including contracts of combined life, health, and accident
^ insurance), as defined by Section 201 of the Revenue Act of 1932, shall file its* tax return on Form 1120L, instead of this form.
35. Mutual insurance companies.—A mutual insurance company (other thana. life insurance company), in addition to the deductions allowed a corporation,unless otherwise allowed, may claim as deductions in Item 24 of the return, (a)the net addition required by law to be made within the taxable year to re ervefunds (including in the case of an assessment insurance company the actualdeposit of sums with State or Territorial officers pursuant to law as additionsto guarantee or reserve funds); and (b) the sums other than dividends paidwithin the taxable-year on poik-y and annuity contracts.
36. A mutual marine insurance eompany shall include in its gross income inItem 4 of this return the gross premiums collected and received, less amountspaid for reinsurance, and in addition to the deductions allowed a corporation,and to a mutual insurance company in Instruction 35 above, unless otherwisesdlowed, may claim as a deduction in Item 24 of the return amounts repaid topolicyaolders on account of premiums previously paid by them, and interestpaid upon such amounts between the ascertainment and the payment thereof.
37. A mutual insurance company (including interiusurance and reciprocal
pany) requiring its members to make premium deposits to provide for lossesand expenses, in addition to the deductions allowed a corporation, and to amutual insurance company in Instruction 35 above, unless otherwise allowed,may claim as a deduction in Item 24 of the return, the amount of premiumdeposits returned to its poiicyholders and the amount of premium depositsretained for losses, expenses, and reinsurance reserves.
38. The receipts of shipowners' mutual protection and indemnity associationsnot organized for profit, and no part of the net earnings of which inures to thebenefit of anv private stockholder or member, are exempt from taxation; butsuch associations shall be subject us other corporations to the tax upon their
interest, dividends, and rents.. Bcnc
ditch c Joperaty if 8
e companies, olike organizations are exempt fronincome consists of amounts collected from members for the sole purpose ofmeeting losses and expenses.
40. Other insurance companies.—The net income of an insurance company(other than a life or mutual insurance company referred to above) is the grossincome earned during the taxable year from investment income and fromunderwriting income, computed on the basis of the underwriting and investmentexhibit of the Annual Statement approved by the National Convention ofInsurance Commissioners, plus the gain from the sale or other disposition ofproperty, less the deductions for ordinary and necessary expenses, interest,taxes, losses, bad debts, depreciation, etc., as provided in Section 204 of theRevenue Act of 1932.
CONSOLIDATED RETURNS
41. Subject to the provisions of Section 141 of the Revenue Act of 1932 andRegulations 78, an affiliated group of corporations may make a consolidatedreturn in lieu of separate returns.' The making of a consolidated return, andthe determination, computation, assessment, coUection, and adjustment of taxliabilities under a consolidated return, are governed by Regulations 78. If aconsolidated return is made for any taxable year, a consolidated return mustbe made for each subsequent taxable year.
42. The parent corporation, when filing a consolidated return on this form,shall attach thereto a schedule showing the names and addresses of all thecorporations included in the return. Each taxable year each subsidiary mustprepare two duplicate originals of Form 1122 consenting to Regulations 78 andauthorizing the making of the return on its behalf. One of such forms shall beattached to the consolidated return as a part thereof, and the other shall befiled, at or before the time the consolidated return is filed, in the office of thecollector for the subsidiary's district.
43. Supporting schedules shall be filed with the consolidated return. Theseschedules shall be prepared in columnar form, one column being provided foreach corporation inclvded in the consolidation, one column for a total of likeitems before adjustments are made, one column for intercompany eliminationsand adjustments, and one column for a total of like items after giving effect tothe eliminations and adjustments. The items included in the column foreliminations and adjustments should be symbolized to identify contra itemsaffected, and suitable explanations appended, if necessary. Similar schedulesshall also contain in columnar form a reconciliation of surplus for each corpora-tion, together with a reconciliation of the consolidated surplus.
44. Consolidated balance sheets as of the beginning and close of the taxableyear of the gToup, shall accompany the consolidated return prepared in a formwmilar to that required for reconciliation of surplus.
WORKING PAPERS
45. Every corporation should preserve, for inspection by a revenue officer,working papers showing the balance in each account on the corporation's booksused in preparing the return.
BALANCE SHEETS
46. The balance Sheets on page 2 of the return, Schedule K, should agreewith the books, or any differences should be reconciled. The balance sheetsfor a consolidated return should be furnished in accordance with Instruction 44.All corporations engaged in an interstate and intrastate trade or business andreporting to the Interstate Commerce Commission and to any national, State,municipal, or other public officer, may submit, in lieu of Schedule K, copies oftheir balance sheets prescribed by said Commission or State atid municipalauthorities, as at the beginning and end of the taxable year.
In case the balance sheet as at the beginning of the current taxable year doesnot agree in every respect with the balance sheet which was submitted as atthe end of the previous taxable year, the differences should be fully explained,in the space provided under Schedule K.
PERIOD COVERED
47. Except in the case of the first return the corporation shall make its returrthich the return was made for the taxable year immediately
l f th C i i a change is made in
47. Except in the case oon the basis upon which the return was made fopreceding unless, with the approval of the Comthe accounting period.
48. If a corporation desires to change itsf l d t fi
ting period from fiscal yearf fiscal year to
48. If a corporation desires to change its accounting period from fiscal yearto calendar year, from calendar year to fiscal year, or from one fiscal year toanother fiscal year, an application for such change shall be made on Form 1128and forwarded to the collector prior to the expiration of thirty days from theclose of the proposed taxable year
TIME AND PLACE FOE FILING
50. The return for the calendar year 1932 must be sent to the collector ofinternal revenue for the district in which the corporation's principal office is.located so as to reach the collector's office on or before March 15, 1933. Inthe case of a foreign corporation not having any1 office or place of business inthe United States the returns shall be filed on or before June 15, 1933, with theCollector of Internal Revenue, Baltimore, Maryland.
51. The collector of internal revenue may grant a reasonable extension oftime for filing a return, not to exceed six months, if application therefor isr-made before the date prescribed by law for filing such return, whenever in hisjudgment good cause exists.
SIGNATURES AND VERIFICATION
52. The return shall be sworn to by the president, vice president, or other-principal officer, and by the treasurer or assistant treasurer. The return of aforeign corporation having an agent in the United States shall be sworn to bysuch agent. If receivers, trustees in bankruptcy, or assignees are operating theproperty or business of the corporation, such receivers, trustees, or assignees'shall execute the return for such corporation under oath.
PAYMENT OF TAXES
money order drawn to the order of "Collector of Internal Revenue at (insert*name and city and State).'* Do not send cash by mail, nor pay it in person*except at the collector's office.
The tax in the case of a domestic corporation may be paid when the returmis filed, or in four equal installments, as follows: The first installment shall bepaid on or before March 15, 1933, the second installment shall be paid on orbefore June 15, 1933, the third installment on or before September 15, 1933r
If any installment is not paid on the date fixed for its payment, the wholeamount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
54. For willful failure to make and file return on time—Not more than $10,000or imprisonment for not more than one year, or both, and in addition 25 percent of the amount of the tax.
55. For willfully making a false or fraudulent return.—Not more than $10,000or imprisonment for not more than five years, or both, together with the costs-of prosecution.
56. For deficiency in tax.—Interest on a deficiency at 6 per cent per annum tothe date the deficiency is assessed, or to the thirtieth day after the filing of awaiver of the restrictions on assessment and collection, whichever date is theearlier, arid in addition 5 per cent of the amount of the deficiency if due tonegligence or intentional disregard of rules and regulations without intent todefraud, or 50 per cent of the amount of the deficiency if due to fraud.
UNDISTRIBUTED PROFITS
57. If any corporation \a formed or availed of for the purpose of preventing,the imposition of the surtax upon its shareholders by permitting its gains andprofits to accumulate instead of being divided or distributed, there shall belevied, collected, and paid for each taxable year upon the net income of suchcorporation a tax equal to 50 per cent of the amount thereof, which shall be inaddition to the tax imposed by Section 13 of the Revenue Act of 1932. In suchcase the net income shall include interest on obligations of the United Statesissued after September 1,1917, which would be subject to tax in whole or in partin the hands of an individual owner, and dividends received from a domestic cor-poration. See Section 104 of the Revenue Act of 1932.
INFORMATION AT THE SOURCE
58. Every corporation making payments of salaries, wages, interest, rent,commissions, or other fixed or determinable inc&me of Si,COO or more during,the calendar year, to a single person, a partnership, or a fiduciary, or $2,500 ormore to a married person, or payments of dividends of $500 or more to a person,a partnership, or a fiduciary, is required to make a return on Forms 1090 and1099 showing the amount of such payments and the name and address of eachrecipient. These forms will be furnished by any collector of internal revenueupon request. Such returns covering the calendar year 1932 must be forwardedto the Commissioner of Internal Revenue, Sorting Section, Washington, D. C*in time to be received not later tlian February 15, 1933.
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232 STATISTICS OF INCOME
Form 1120 I, INSURANCE COMPANY INCOME TAX RETURNFOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS, INCLUDING COMBINED LIFE,
HEALTH, AND ACCIDENT INSURANCE
For Calendar Year 1932File Tni. Return with the Collector of Internal Revenue for Your DiitriS on or Before March 15, 1933
Y COMPANY'S NAME AND BUSINESS AtJDRI
Kind of B
Do Not Write in Thesa Spaces
Ca.h Check M.O. C.rt.oMnd.
SSTiu. GROSS INCOME. Interest on Loans, Notes. Mortgages, Bonds, Bank Deposits, etc.
!. Dividends on Stock of
(o) Domestic Corporations subject to income tax under 1932 Act..
(6) Domestic Corporations not subject to income tax under 1932 Act
i. Rents (attach schedule).
L TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3)
DEDUCTIONS'). Interest Exempt from Taxation (attach schedule)
; per cent of the Mean of the Rrser>e Funds (Item 11, Schedule A)
'. Dividends (Item 2 (a) above)
S. Two per cent of the Reserve Held for Deferred Di\
. Other Real Estate Expenses
:. Depreciation, Obsolescence, and Depletion (;
i. Interest on Indebtedness
E (Hem 4 minus Item 14)
Loss FOR 1931 (submit schedule).
. Net Income of Domestic Company (Item
. Income Tax (1354% of Item 18) (or 14K
. Less: Income Tax Paid to a Foreign Country
. Balance of Tax, Domestic Company (
. Income Tax (13M% of Item 22)
. Less: Income Tax Paid at Source (this
SCHEDULE A—RESERVE FUNDS
1. Res
2. Res
3. Res
4. Res
5. Res
6. Def
erve for Outstanding Policies and Annuit
erve for Disability and Accidental Death
erve for Incurred Disability Benefits
erve for Policies upon which a Surrender
osits Made with State Officers by Assess
TOTAJS OF ITEMS 1 TO 7
1. ITEMS
Value May Be Demanded (not included elsewhere)
8,B<GumoWTu»uYi»
$
$
|
Ij
j1
$
$ 1il of Columns 2 and 3, as shown in Item 8 above $....
,n of the Reserve Funds for the Taxable Year (one-half of Item 9) _ $....
. per cent of the Mean of the Reserve Funds, as shown in Item 10 (see Instruction 6) $....
i. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statem
t. Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal figures)
I. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above.
SCHEDULE B—INVESTED ASSETS BOOK VALUES
1. ITEMS
1 Real Estate
3. Collateral Loans
'4 Policy Loans Including Premium Notes
5. Bonds and Stocks
6. Bank Deposits Bearing Interest
7. Other -Interest-bearing Assets (attach statement)..
LIFE DEPARTMENT
$ Ir"T;T:Z::
i -
I$
: : : : : : ; •
$ -Ii i $. j
>. Total of Columns 2 to 5, inclusive, as shown in Item 8 above..... - $...
). Mean of the Invested Assets for the Taxable Year (one-half of Item 9) , $...
I. One-fourth of one per cent of the Mean of the Invested Assets . . . ^ ^ ^ - ^ ^ . . $..
AFFIDAVITWe, the undersigned, president and treasurer of the company tor which tm's return is made, being severally duly sworn, each for himself deposes and says
it this return, including the accompanying schedules and statements, has beea examined by him and is, to the best of his knowledge and belief, a true andnplete return, made in good faith for the taxable year stated, pursuant to the Revenue Act of 1932, and the Regulations issued thereunder.
1 before me this day of , 1933. _ - _ .
(See in s t ruc t ion 23)
o( officer adimaistering oatb)
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STATISTICS OF INCOME 233
INSTRUCTIONST h e I n s t r u c t i o n s N u m b e r e d 1 t o 13 of t h e R e t u r n
GROSS INCOME AND DEDUCTIONS1. Interest.—Enter as Item 1 interest received from all sources during th
taxable year. Interest on bonds is considered income when due and payable.2. Dividends.—Enter as Item 2 (a) the amount received as dividends (1,
from a domestic corporation subject to taxation under Title I of the RevenueAct of 1932, other than a corporation entitled to the benefits of Section 251 ofthe Revenue Act of 1932 and other than a corporation organized under thiChina Trade Act, 1922, or (2) from a foreign corporation when it is shown t<the satisfaction of the Commissioner that more than 50 per cent of the grosi.income of such foreign corporation for the three-year period ending with the-'-Te of its taxable year preceding the declaration of such dividends (or for 'part o
within the United States. Enter as I'corporation not subject to taxation under Title I of the Revenue Act of 1932.Enter as Item 2 (c) dividends from a foreign corporation other tcorptoration described in (2; of this paragraph. Submit schedule.
3. Rents.—Enter as Item 3 rents received from tenants.4. Total income.—Enter as Item 4 the total of Items 1 to 3, inc5. Interest exempt from taxation.—Enter as Item 5 the amount of inti5. Interest exempt from taxation.Enter as Item 5 the amount of nk .
received on the following obligations which are exempt from taxation: (1)Obligations of a State, Territory, or any political subdivision thereof, or theDistrict of Columbia; (2) Securities issued under the provisions of the FederalFarm Loan Act or under the provisions of such Act as amended; and (3) Obli-gations of the United States or its possessions. Submit a schedule showing foreach class of securities, (a) name of obligation, (6) amount of principal, (c) rateof interest, and (d) interest received.
6. Percentage of the mean of the reserve funds.—Enter as Item 6 the amreported as Item 11 in Schedule A. There may be deducted from gross inc.fln ftmount OQU&I to 4 PGT centum of the mciin of t}ic reserve funds rocjuircci t>y
nd held at the beginning and end of the taxable year, except that in theie of a
rate of 3?i per centum shall be substituted for 4 per centum. Lif<insurance companies issuing policies covering life, health, and accident insurancicombined in one policy issued on the weeklv premium payment plan, continuingfor life and not subject to cancellation, shall be allowed, in addition to the above,a deduction of 3% per centum of the mean of such reserve funds (not requiredby law) held at the beginning and end of the taxable year, as the Corcmissi'finds to be necessary for the protection of the holders of such policies only.
7. Dividends.—Enter as Item 7 the total amount of dividends deductibleunder Section 203 (o) (3) of the Revenue Act of 1932.
8. Two per cent,of the reserve held for deferred dividends.—Enter as'Iteran amount equal to 2 per cent of the reserve held at the end of the taxable yifor deferred dividends the payment of which is deferred for a period of not lessthan five years from the date of the policy contract. Do not include" in suchreserve dividends payable during the following taxable year.
9. Investment expenses.—Enter as Item 9 expenses paid which are properlychargeable to investment expenses, the total amount of which, if there be anyallocation of general expenses to investment expenses, should not exceed one-fourth of 1 per cent of the mean of the invested assets reported in Item 11, Sched-ule B. Submit a schedule showing the nature and amount of the items includedherein, the minor items being grouped in one amount. See Section 203 (a) (5)of the Revenue Act of 1932.
10. Taxes.—Enter as Item 10 taxes paid exclusively upon real estate owned bythe company, and that proportion of the taxes assessed against individual share-holders and paid by the company without reimbursement, as provided in Sec-tion 203 (a) (6) of the Revenue Act of 1932. Do not include taxes assessedagainst local benefits of a kind tending to increase the value of the propertyassessed, as for paving, sewers, etc.
11. Other real estate expenses.—Enter as Item 11 all ordinary and necessarybuilding expenses, such as fire insurance, heat, light, labor, etc., and the cost ofincidental repairs which neither materially add to t]ie value of the propertynor appreciably prolong its life, but keep it in an ordinarily efficient operatingcondition. Do not include any amount paid out for new buildings or forpermanent improvements or betterments made to increase the value of anyproperty.
12. Depreciation.—The amount deductible on account of depreciation inItem 1: .. „._ . . „ —„ ...- „ —.
ment in property used in the business.' Such an amount should be determinedupon the basis of the cost of the property, or if purchased prior to March *1,1913, the cost or value as of that date, whichever is greater, and the probablenumber of years remaining of its useful life. In addition, if the.property wasacquired be/ore March 1, 1913, and if the cost of such property is greater thanits fair market value as of that date, the cost shall be reduced by the deprecia-tion actually sustained befoce that date. If a deduction is made on accountof depreciation the following schedule must be filled in and the total amountclaimed therein should correspond with the figures reflected in the company'sbooks. In case obsolescence is included, state separately the amount claimedand the basis upon which it is computed. Land values must not be includedin this schedule. Stocks, bonds, and like securities are not subject to depre-ciation within the meaning of the law.
Kind of property.
acquit
::::::::::::::::iz:zz::::::r:::::::
ProbabluAmount ot depreciation charged off
tThis year
13. Interest on indebtedness.—Enter as Item 13 the amount of interest paidduring the taxable year on the company's indebtedness, except on indebtednessincurred or continued to purchase or carry obligations or securities the interestupon which is wholly exempt from taxation. Interest paid on dividends heldn deposit and surrendered during the taxable year should be included in this
item.14. Rental valu
Billill be(computof 1932)
lue of
ed '
the
ited tivithoi
of real estate.—The deduction included in Items 10 to 12state owned and occupied in whole or in part bv the companyan amount which bears the same ratio to such deductionregard to subsection (6) of Section 203 of the Revenue Acttal value of the space not so occupied bears to the rentalproperty. (Submit detailed schedule.)
CREDIT FOR TAXESnd notengaged i15. A foreign company subject to taxation and not en
business within the United States and not having any office .therein may claim as a credit in Item 24 any income tax requiiand withheld at the source.
16. If credit is claimed in Item 20 for incomeor possession of the United States, Form 1118, tosuch tax payment, must be submitted with thifor taxes accrued a bond may be also required on roncompany is not entitled to claim this credit.
LIST OF ATTACHED SCHEDULES17. Attach a list of the schedules accompanying this ret
a brief title and the schedule number. Place name and ion each schedule.
d to be deducted
tax paid to a foreign country;ether with the receipt for each
If credit is claimedm 1119. A foreign
COMPANIES .REQUIRED TO FILE A RETURN
18. Liability.—Every domestic or foreign life insurance company that derivesincome from sources within the United States, issuing life and annuity contracts(including life, health, and accident insurance), the reserve "funds of which heldfor the fulfillment of such contracts comprise more than 50 per cent of its totalreserve funds, shall file a return on this form. See Sections 201 to 203 of thoRevenue Act of 1932.
19. Basis of return.—A return on this form shall by rendered on a cash receiptsand disbursements basis in conformity with the annual statement made to theState Insurance Department, instead of the accrual basis.
•e Corr life
the year 1932, as filed Vith the Insurance Department of the State in which thecompany is located, together with copies of Schedule A (real estate) and %hed-ule D (bonds and stocks), must accompany this return. Similar copies for thepreceding year must be also furnished, if not filed with the return for the pre-
PERIOD COVERED
21. The return shall be for the calendar year ended December 31, 1932, andthe net income computed on the calendar year basis in accordance with theState laws regulating insurance companies.
TIME AND PLACE FOR FILING
22. The return must be sent to the Collector of Internal Revenue for the dis-which tl . . . . _ . . . . . . . .
lector's office on . . _ . , .not having any office or place of businesbe filed with the Collector of Internal Revebefore June 15, 1933.
The Collector of Internal Revenue may giant afili't ; i V - : ' - ~ 1 !he C
for filing'a return, not tothe date prescribed by lcause exists.
nths, if
AFFIDAVIT
n to bv the pre
aonable extension of time>n therefor is made before;ver in his judgment good
23. The return shall be sworn to by the president, vice president, or otherprincipal officer, and by the treasurer'or assistant treasurer. The return of aforeign company having, an agent in the United States shall be sworn to bysuch agent. An attorney or agent employed to represent the company beforethe Department is not permitted to administer the oath.
PAYMENT OF TAX
24. The tax should be paid by sending with the return a check or money orderdrawn to the order of " Collector of Internal Revenue at (insert name of city andState)." Do not send cash by mail, nor pay it in person except at the collector's
The total taxiling the returhall be paid o
n the ie of a dor npany• in tour equal installments, as fobefore March 15, 1933, the recoi
. . .. . 15, 1933, the third installment <ind the* fourth installment on or bef
r bel
lay be paid (it the time ofows: The first installmenti installment shall be paidi or before September 15,ber 15, 1933.
amount of the tax unpaid shall be paid upon
PENALTIES
25. For willful failure to make and fiie a re$10,000 or imprisonment for not more than one25 per cent of the amount of the tax.
26. For willfully making a false or fraudulent return.—Not more than $10,000or imprisonment for not more than five years, or both, together with the costsof prosecution.
27. For deficiency in tax.—Interest on a deficiency at 6 per cent, per annum tothe date the deficiency is assessed, or to the thirtieth day after the filing of aj g of _
r date is the
INFORMATION AT SOURCE
28. Every corporation making payments of salaries, wages, interest, rents,emissions, or other fixed or determinable income of $1,000 or more during thetlendar vear to a single person, a partnership, or a fiduciary, or $2,500 or more to
a married* person, or payments of dividends of $500 or more to a p€;rson, a partner-ship, or a fiduciary, is required to make a return on Form 1096 and 1099 showingthe amount of such payments and the name and address of each recipient.These forms will be furnished by any collector of internal revenue upon request.Such returns of information covering the calendar year 1932 must be forwardedto the Commissioner of Internal Revenue, Sorting Section, Washington, D. C ,in time to be received not later than February 15, 1933.
QUESTIONS
1. Date of incorporation
2. Under the laws of what State or country? -
3. Did the company file a return under the same name for the preceding tax-
able year? Was the company in any way an outgrowth,
result, continuation, or reorganization of a business or businesses in existence
during this or any prior year since December 31, 1917? If
rer is "yes," give name and address of each predecessor business, and the
date of the change in entity:
Upon such change were any asset values increased or decreased?
4. State the amount of deferred dividend funds at the end of the taxable year,
exclusive of any amount held for payments during the following taxable year:
5. Describe method used for determining investment expenses shown in Item 9:
Is the above method the same as that used in preparing the Gain and Loss
Exhibit for 1931? If not, state change and reason therefor:
rt assigned to or included in the u
expenses shown in Item 9? „
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INDEX
AAccident, casualty, fire, marine, mutual, total, etc., insurance companies, Page
income-tax returns of corporations (see also Insurance) 153Accounts and notes payable, in corporation balance sheets:
Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Accounts and notes receivable, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Additional tax, estate-tax returns 52-57Aerial transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities) 151Agricultural machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal products) 150Agriculture and related industries:
Corporation income-tax returns:Assets and liabilities, classified 154Compiled receipts and statutory deductions, classified 136, 140, 144, 154Consolidated returns : 34Industrial subgroups 148Returns showing net income and no net income 22-24Total assets classes 166Years, 1923 to 1932 183
Individual income tax returns:Net profit from business 15
Airplanes, seaplanes, etc., income-tax returns of corporations engaged inmanufacture of (see also Manufacturing not elsewhere classified) 151
Amusements—theaters, motion-picture producers and motion-picturetheaters, etc., income-tax returns of corporations (see also Service) 152
Artificial ice, butter substitutes, cereals, coffee, spices, dairy products,etc., income-tax returns of corporations engaged in manufacture of(see also Food products) 148
Asbestos, clay, granite, precious and semiprecious stones, salt, etc., income-tax returns of corporations engaged in mining and quarrying (see alsoMining and quarrying) 148
Assets, in corporation balance sheets:Explanatory text 29-31Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 32, 160-165Years, 1926 to 1932 49
Auto tires and tubes, etc., income-tax returns of corporations engaged inmanufacture of (see also Rubber products) 149
Autobus lines, taxicabs, etc., income-tax returns of corporations (see alsoTransportation and other public utilities) 151
Average net income, tax, and tax rate percent, individual income-taxreturns 5, 65-66
61684—34 16 235
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236 INDEX
BBad debts, corporation income-tax returns: Page
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Bakery and confectionery products, income-tax returns of corporationsengaged in manufacture of (see also Food products, including beverages) _ 148
Banking and related industries, income-tax returns of corporations engagedin (see also Finance) 153
Beverages, soft drinks, distilling, etc., income-tax returns of corporationsengaged in manufacture of (see also Food products, including beverages) _ 148
Blast furnaces, steel mills, rolling mill, products of, etc., income-tax returnsof corporations engaged in manufacture of (see also Metal and its prod-ucts) 150
Bonded debt and mortgages, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Bonds, estate-tax returns, by net estate classes 52-55Bone, celluloid, and ivory products income-tax returns of corporations
engaged in manufacture of 149Boots, shoes, slippers, etc., income-tax returns of corporations engaged in
manufacture of (see also Leather and its manufactures) 149Brokers, stock and bond, etc., income-tax returns of corporations (see also
Finance) 153Building and construction, etc., income-tax returns of corporations engaged
in (see also Construction) 151Building materials and supplies, metal, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150Business, individual income-tax returns:
Amount and percent 10Frequency distribution, by size of specific source of income 14Industrial groups, number, net profit and percent 15Net income classes 11-12, 77No net income, amount 20No net income, by deficit classes 20, 131Percentage distribution 12-13States 75Years, 1916 to 1932 43-44Years, 1916 to 1932, net income $5,000 and over 44-45
Business service, detective bureaus, trade shows, etc., income-tax returns ofcorporations engaged in (see also Servioe) 152
C
Canned products, fish, fruit, vegetables, etc., income-tax returns of cor-porations engaged in manufacture of (see also Food products, includingbeverages) 148
Capital assets—real estate, building, and equipment in corporation balancesheets:
Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932_.. 49
Capital net gain, individual income-tax returns 8-9Income from—
Amount and percent 8, 10Frequency distribution, by size of specific source of income 14Net income classes 11, 77Net income exempt from normal tax 8No net income, amount 20No net income, by deficit classes 131Percentage distribution 12States 75Years, 1922 to 1932 43-44Years, 1922 to 1932, net income of $5,000 and over 44-45
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INDEX 237
Capital net gain, individual income-tax returns—Continued.Tax on— Page
Net income classes 67Net income classes by States 81-130Years, 1922 to 1932 38
Capital net loss, individual income-tax returns 8-9Frequency distribution, by size of specific source of income 14Net income classes 11, 78No net income, amount 20No net income, by deficit classes 131Percentage distribution 13States 76Tax credit for—
Net income classes 67Net income classes, by States 81-130Years, 1924 to 1932 38
Capital stock, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Capital stock in corporations, estate-tax returns, by net estate classes 52-55Carpets, floor coverings, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products) 149Cartage and storage, income-tax returns of corporations engaged in (see
also Transportation and other public utilities) 151Cash, in corporation balance sheets:
Industrial groups 154-159Industrial groups and total assets classes 166—182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Cash dividends paid, in corporation balance sheets:Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182States 135Submitting and not submitting balance sheets 28Total assets classes 160-165Years, 1922 to 1932 27
Changes in tax laws affecting comparability of statistical data:Corporation income-tax returns 210-213Estate-tax returns 214-215Gift-tax returns 216Individual income-tax returns 202-209
Charitable bequests:Estate-tax returns 52-55Gift-tax returns 60-61
Chemicals and allied products:Corporation income-tax returns:
Assets and liabilities, classified 157Compiled receipts and statutory deductions, classified- 138, 142, 146, 157Consolidated returns 34Industrial subgroups 150Returns showing net income and no net income 22-24Total assets classes 175Years, 1923 to 1932 185
Individual income tax returns:Net profit from business 15
Cities, number of individual income tax returns by 21Clothing, income tax returns of corporations engaged in manufacture of
(see also Textiles and their products) 149Coal mining, income-tax returns of corporations engaged in (see also Mining
and quarrying) 148Commission, income-tax returns of corporations (see also Trade) 152
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238 INDEX
Common stock, in corporation balance sheets: PageIndustrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Community property income, individual income tax returns:Net income classes . 74Number of returns, net income, and percents 7States and Territories 72
Comparability with previous years 5Compensation of officers, corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Compiled net profit (or deficit), corporation income-tax returns:Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182Submitting and not submitting balance sheets 28Total assets classes 32, 160-165
Compiled receipts, corporation income-tax returns:Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182Submitting and not submitting balance sheets 28Total assets classes 32, 160-165
Consolidated returns for affiliated corporations 33Industrial groups 34Net income and deficit classes 35Subsidiaries, number of 35
Construction:Corporation income-tax returns:
Assets and liabilities, classified 158Compiled receipts and statutory deductions, classified- 139, 143, 147, 158Consolidated returns 34Industrial subgroups 151Returns showing net income and no net income 22-24Total assets classes 178Years, 1923 to 1932 186
Individual income-tax returns:Net profit from business 15
Contributions, individual income-tax returns:Amount and percent 10Net income classes 12, 78No net income, amount 20No net income, by deficit classes 131Percentage distribution 13States 76Years, 1917, 1920, 1922 to 1932 43-44Years, 1917, 1922 to 1932, net income of $5,000 and over 44-46
Corporation assets and liabilities. {See Assets and liabilities.)Corporation deficit:
Assets and liabilities, classified 154-159Compiled receipts and statutory deductions, classified 136-147, 154-159Consolidated returns 34-35Deficit classes 25Deficit classes by years 48Defined 3Fiscal and part year returns 36-37Industrial groups 24, 136-147, 154-159Industrial groups and subgroups 148-153Industrial groups by years, 1923 to 1932 183-187Returns showing net income and no net income 30States 135Submitting and not submitting balance sheets 28Total assets classes 32, 160-165Years, 1916 to 1932 47Years, 1923 to 1932, by States 188-198Years, 1926 to 1932, in corporation balance sheets 49
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INDEX 239
Corporation income, income-tax returns:Gross:
Consolidated returns 34Industrial groups 22-24Industrial groups and subgroups 148-153Industrial groups by years, 1923 to 1932 183-187States 134-135Years, 1916 to 1932 47
Net:Assets and liabilities 154-159Compiled receipts and statutory deductions 136-147, 154-159Consolidated returns 34-35Denned 3Fiscal year returns 36Industrial groups 23, 136-147, 154r-159Industrial groups and subgroups 148-153Industrial groups and total assets classes 166-182Industrial groups by years, 1923 to 1932 183-187Net income classes 25Part year returns 37States 134States by years, 1923 to 1932 188-198Total assets classes 32, 160-165Years by net income classes 48Years, 1909 to 1932 47
Corporation income tax:Amount and percent 21Compared with tax collections 3-4Compiled receipts and statutory deductions 136-147, 154-159Consolidated returns 34-35Fiscal year returns 36-37Income and profits taxes paid foreign countries 26Industrial groups 23, 136-147, 154-159Industrial groups and subgroups 148-153Industrial groups by years, 1923 to 1932 183-187Net income classes 25Part year returns 37Rates i 208States 135States by years, 1923 to 1932 188-198Submitting and not submitting balance sheets 28Total assets classes 160-165Years, 1909 to 1932 47
Corporation income-tax returns (see also Corporation deficit; Corporationincome; Corporation income tax):
Assets and liabilities, by industrial groups 154—159, 160—165Changes in tax laws affecting comparability of statistical data 210-213Comparison 1932 and 1931 returns 3-4Compiled receipts and statutory deductions 136-147, 154-159Consolidated returns 34-35Deductions allowed life insurance companies 22Deductions in. (See Deductions.)Dividends. (See Dividends paid and Dividends received, Corpora-
tion income-tax returns.)Fiscal and calendar year returns tabulated 1-2Fiscal and part year returns 36—37Geographic distribution 4Industrial classification 4Net income and deficit classes 25.Number of—
Balance sheets 30, 49Industrial groups 22-24Industrial groups and subgroups 148-153States 134-135Years, 1909 to 1932 47Years, 1929 to 1932, net income and deficit classes 48
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240 INDEX
Corporation income-tax returns—Continued.Returns showing net income and no net income: Page
Compiled receipts and statutory deductions 136-147, 154-159Industrial groups 22-24, 136-147, 154-159Industrial groups and subgroups 148-153Industrial groups by years, 1923 to 1932 183-187States 134-135Years, net income and deficit classes 48Years, 1923 to 1932, by States 188-198
Submitting and not submitting balance sheets 28Total assets classes 32, 160-165, 166-182
Corporation compiled net profit (or deficit). (See Compiled net profit (ordeficit).)
Corporation statutory deductions. (See Statutory deductions.)Corporation statutory net income. (See Statutory net income.)Corporation surplus and undivided profits. (See Surplus and undivided
profits.)Corporation taxes. (See Corporation income tax; Corporation war-profits
and excess-profits taxes.)Corporation war-profits and excess-profits taxes:
Amounts, years 1917 to 1922 47Cost of goods sold, corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Cotton goods—dress goods, plain cloth, etc., income-tax returns of corpo-rations engaged in manufacture of (see also Textiles and their products) _ 149
Counties, number of individual income-tax returns by 21Credits, tax:
Estate tax returns by net estate classes 52-55Individual income-tax returns, classified:
Capital net loss 9, 38Net income classes 67States, by net income classes 81-130Years, 1922 to 1932 38
Cumulative distribution of individual income-tax returns. (See Individualincome-tax returns.)
D
Debts, bad, corporation income-tax returns. (See Bad debts.)Debts, unpaid mortgages, etc., estate-tax returns by net estate classes 52-55Deductions:
Corporation income-tax returns:Industrial groups 22—24Returns showing net income and no net income 22—24States 134-135Submitting and not submitting balance sheets 28Total assets classes 160-165
Estate-tax returns:Net estate classes 52-55
Gift-tax returns:Net gift classes 60-61Total gift classes 61
Individual income-tax returns:Amount and percent 10Interest paid:
Net income classes 80States 79
Net income classes 11-12No net income, amount 20No net income, by deficit classes 131Percentage distribution 13Prior year loss 9States 76Taxes paid other than income tax:
Net income classes 80States 79
Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-46
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INDEX 241
Deficit. (See Individual deficit; Corporation deficit.)Depletion, corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Depreciation, corporation income-tax returns:Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160—165
Dividends received:Corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting blance sheets 28Total assets classes 160-165
Individual income-tax returns:Amount and percent 8, 10Frequency distribution by size of specific source of income 14Net income classes 11No net income, amount 20No net income, by deficit classes 131Percentage distribution 12States 75Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-45
Dividends paid, corporation income-tax returns 27Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182States 135Submitting and not submitting balance sheets 28Total assets classes 160-165Years, 1922 to 1932 27
Domestic service—laundries, restaurants, etc., income-tax returns of cor-porations (see also Service) 152
E
Earned net income, tax credit, 1924 to 1931 38Electric light and power companies, income-tax returns of corporations
(see also Transportation and other public utilities) 151Electrical machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150Electric railways, etc., income-tax returns of corporations (see also Trans-
portation and other public utilities) 151Estate-tax returns:
Changes in tax laws affecting the comparability of statistical data_ _ 214-215Explanatory text " 50-51Net estate classes 52-55, 57Number 52-55States, resident decedents 56Years, 1916 to 1933, resident and nonresident decedents 58
Excess-profits tax:Corporation income-tax returns:
Amount 47Rates 211-212
Individual income-tax returns:Amount (note 2) 38Rates 206
Partnerships (note 2) 38Exemptions from tax:
Estate-tax returns 52-55Gift-tax returns 60-61Individual income-tax returns 8, 65-66
F
Factory machinery, etc., income-tax returns of corporations engaged inmanufacture of (see also Metal and its products) 150
Farming, cotton, grain, stock, etc., income-tax returns of corporationsengaged in (see also Agriculture and related industries) 148
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242 INDEX
Fertilizers, income-tax returns of corporations engaged in manufacture of Page(see also Chemicals and allied products) 150
Fiduciary income, individual income-tax returns:Amount and percent 10Net income classes 11, 77No net income, amount 20No net income, by deficit classes ^ 131Percentage distribution 12States 75Years, 1916 to 1932 43-44Years, 1916 to 1932, net income $5,000 and over 44-45
Finance:Corporation income-tax returns:
Assets and liabilities, classified 159Compiled receipts and statutory deductions, classified 139,
143, 147, 159Consolidated returns 34Industrial subgroups 153Returns showing net income and no net income 22-24Special deductions allowed life insurance companies 22Total assets classes 181Years, 1923 to 1932 187
Individual income-tax returns:Net profit from business 15
Fiscal year returns:Corporation:
Month ending the fiscal year 36Net income and deficit classes 36Tabulated 1,2
Food products, including beverages:Corporation income-tax returns:
Assets and liabilities, classified 155Compiled receipts and statutory deductions, classified. 137, 141, 145, 155Consolidated returns 34Industrial subgroups 148Returns showing net income and no net income 22-24Total assets classes 168-169Years, 1923 to 1932 183
Individual income-tax returns:Net profit from business 15
Foreign taxes:Corporation income and profits taxes paid foreign countries 26
Forest products:Corporation income-tax returns:
Assets and liabilities, classified 156Compiled receipts and statutory deductions, classified 137,
141, 145, 156Consolidated returns 34Industrial subgroups 149Returns showing net income and no net income 22-24Total assets classes 172-173Years, 1923 to 1932 184
Individual income-tax returns:Net profit from business 15
Forestry, fishing, ice harvesting, etc., income-tax returns of corporationsengaged in (see also Agriculture and related industries) 148
Forms:Corporation income-tax returns, 1120, 1120L 226-233Individual income-tax returns, 1040, 1040A 220-225
Frequency distribution of individual returns by size of income from specificsources 14
Funeral and administrative expenses—estate-tax returns, by net estateclasses 52-55
Fur. (See Textiles not elsewhere classified.)Furniture, etc., income-tax returns of corporations engaged in manu-
facture of (see also Forest products) 149
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INDEX 243
G
Gas companies, artificial and natural, income-tax returns of corporations Page(see also Transportation and other public utilities) 151
General explanations 1-62Geographic distribution of returns defined 4Gift-tax returns:
Explanatory text 58-59Net gift classes 60Total gift classes 61
Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns ofcorporations engaged in manufacture of (see also Leather and itsmanufactures) 149
Government securities, wholly and partially tax-exempt, reported inindividual income-tax returns. (See Tax-exempt obligations.)
Gross income, corporation income-tax returns:Consolidated returns 34Defined 3Industrial groups 22-24Industrial groups and subgroups 148-153Industrial groups by years 1923 to 1932 183-187States 134-135Years, 1916 to 1932 47
Gross estate, estate-tax returns:Net estate classes 52-55States, resident decedents 56Years, 1916 to 1933, resident and nonresident decedents 58
Gross receipts from other operations, corporation income-tax returns:Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182Submitting and not submitting balance sheets 28Total assets classes 160, 165
Gross sales, corporation income-tax returns:Industrial groups 136-147, 154-159Industrial groups and total assets classes 166-182Submitting and not submitting balance sheets 28Total assets classes 160-165
H
Hardware, tools, etc., income-tax returns of corporations engaged in man-ufacture of (see also Metal and its products) 150
Heads of families, classified, individual income-tax returns 7Number and net income:
Net income classes 73States 71
Historical summaries:Estate tax returns:
Resident and nonresident, 1916 to 1933 58Corporation income-tax returns:
Assets and liabilities, 1926 to 1932 49Industrial groups, 1923 to 1932 183-187Net income classes, 1929 to 1932 48States, 1923 to 1932 188-198Years, 1909 to 1932 47
Individual income-tax returns:Average rate of tax, 1916 to 1932 42Net income by net income classes, 1916 to 1932 40Number by net income classes, 1914 to 1932 39Sources of income, 1916 to 1932 43-46States, 1922 to 1932 81-130Tax, 1916 to 1932 41Years, 1913 to 1932 _. 38
Holders and lessors of mining property, income-tax returns of corporations(see also Mining and quarrying) 148
Holding companies, income-tax returns of corporations (see also Finance). 153Household machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150
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244 INDEX
Husbands and wives, individual income-tax returns of: PageNumber and net income 7
Net income classes 73States 71
I
Income and profits taxes paid foreign countries, corporation income-taxreturns 26
Income. (See Corporation income; Individual income.)Income tax. (See Corporation income tax; Individual income tax.)Income-tax rates. (See Synopsis of income and profits tax rates.)Income-tax returns. (See Corporation income-tax returns; Individual
income-tax returns.)Individual income:
Net:Average per return 5Defined 3Exempt from normal tax 8Net income classes 6, 66Net income classes and by sex and family relationship 73-74Net income classes and by States 81-130Percentage distribution 13Sex and family relationship 7, 71-74Simple and cumulative distribution, amounts and percentages,
by net income classes 6, 69States 65States and by sex and family relationship 71-72Years, 1913 to 1932, amount 38Years, 1916 to 1932, and by net income classes 40Years, 1921 to 1932, and by States 81-130
Nontaxable, under $10,000:Net income classes 66Net income classes and by States 81-130
Sources of:Amount and percent of total 10Frequency distribution, by size of specific source of income 14Net income classes 11, 77-78No net income, amount 20No net income, by deficit classes 131Percentage distribution 12States 75-76Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-45
Total:Net income classes 11, 78Percentage distribution 12States 76
Individual income tax (see also Excess-profits tax; Capital net gain):Amount, average per return, and rate on net income 5, 66Amount, by States 65Average per return:
For 1932 and 1931 5Net income classes 66States 65Years, 1916 to 1932, and by net income classes 42
Comparison, 1932 and 1931 5Credits. (See Credits, individual income-tax returns.)Net income classes 41, 66Net income classes and by States 81-130Normal tax:
Net income classes , 67Net income classes and by States 81-130Rates 203Years, 1913 to 1932 38
Simple and cumulative distribution, amounts and percentages, by netincome classes 6, 70
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INDEX 245
Individual income tax—Continued. Pa&e
States 65Surtax:
Net income classes 67Net income classes and by States 81-130Rates 206-207Years, 1913 to 1932 38
Total:Net income classes 6Net income classes and by States 81-130States 65Years, 1913 to 1932 38Years, 1916 to 1932, and by net income classes 41Years, 1921 to 1932, and by States 81-130
Individual income-tax returns {see also Individual income; Individualincome tax):
Changes in tax laws affecting comparability of statistical data 202-209Credits 203,206-209Excess-profits tax rates 208Normal tax rates 203Personal exemption 203Requirements for filing returns 203Surtax rates 205-206
Comparison 1932 and 1931 returns 5Deductions in. (See Deductions.)Fiscal year returns tabulated 1-2Geographic distribution 4Method of compiling data, individual income-tax returns with net
income under $5,000 2-3Net income classes and, under $10,000, by taxable and nontaxable
returns 66-67Net income classes, by States and, under $10,000, by taxable and non-
taxable returns 81-130No net income 20^ Deficit classes 20v Sources of income and deduction 20, 131PR States, number of returns and amount of deficit 131Number of:
Counties, cities, and townships 21Frequency distribution, by size of specific source of income 14Net income classes 6Net income classes, by years, 1914 to 1932 39No net income 131Sex and family relationship 71-74Simple and cumulative distribution, percentages by net income
classes 68States 65, 81-130Taxable and nontaxable returns, by years, 1916 to 1932 38Years, 1913 to 1932 38
Percentage of population filing, by States _. 65Population as of July 1, 1932, by^States 65Procedure in tabulation 1-2Sex and family relationship:
Amount and percent 7Net income classes and, under $10,000, by taxable and nontax-
able returns 73-74Revised figures for 1931 7States 71-72
Simple and cumulative distribution, number, and percent, by netincome classes 6, 68
Sources of income and deductions:Amount and percent of total 10Frequency distribution, by size of specific source of income 14Net income classes 11-12, 77-78No net income, amount 20No net income, by deficit classes 131Percentage distribution 12-13
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246 INDEX
Individual income tax-returns—Continued.Sources of income and deductions—Continued. Page
States 75-76Years, 1916 to 1932 43-44Years, 1916 to 1932, for net income of $5,000 and over 44-46-
States 65,81-130Tax-exempt obligations 18-19Unaudited returns tabulated 2Years, by net income classes 39Years, 1913 to 1932, number, net income, and tax 38
Individuals required to file returns, 1913 to 1932. (See Synopsis of incomeand profits taxes.)
Industrial classification, corporation income-tax returns 4Insurance—estate-tax returns by net estate classes 52-55Insurance companies, not agents (see also Finance):
Income-tax returns of corporations 153Special deductions allowed 22
Interest other than tax-exempt, individual income-tax returns:Net income classes 11No net income, by deficit classes 20Percentage distribution 12Years, 1919 to 1932 43-44Years, 1927 to 1932, net income of $5,000 and over 44-45
Interest on Government obligations. (See Tax-exempt obligations.)Interest paid:
Corporation income-tax returns:Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes - 160-165
Individual income-tax returns:Net income classes 80States _ _ _ 79Years, 1927 to 1932 80
Interest received:Corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Individual income-tax returns:Amount and percent 8, 10Net income classes 11, 19, 77-78No net income, amount 20No net income, deficit classes 131Percentage distribution 12States 75-76Years, 1927 to 1932 43-44Years, 1927 to 1932, net income $5,000 and over 44-45
Inventories, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Investments—tax exempt and other than tax exempt, in corporationbalance sheets:
Industrial groups 154-159Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Iron and steel, products of blast furnaces, rolling mills, etc., income-taxreturns of corporations engaged in manufacture of (see also Metal andits products) 150
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INDEX 247
JJewelry—Precious metal products and processes, income-tax returns of Page
corporations engaged in manufacture of (see also Metal and its products) _ 150Joint returns of husbands and wives, individual income-tax returns:
Number and net income 7Net income classes 73States 71
Joint stock land banks, income-tax returns of corporations (see alsoFinance) 153
K
Knit goods, hosiery, sweaters, etc., income-tax returns of corporationsengaged in manufacture of (see also Textiles and their products) 149
LLeather and its manufactures:
Corporation income-tax returns:Assets and liabilities, classified 155Compiled receipts and statutory deductions, classified. 137, 141, 145, 155Consolidated returns 34Industrial subgroups 149Returns showing net in come and no net income 22-24Total assets classes._ 171Years, 1923 to 1932 184
Individual income-tax returns:Net profit from business 15
Liabilities, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 32, 160-165Years, 1926 to 1932 49
Life insurance companies, income-tax returns of corporations:Special deduction allowed 22
Loan companies, etc., income-tax returns of corporations (see also Finance). 153Locomotives and railroad equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150Loss from sale of capital assets:
Corporation income-tax returns:Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Loss from sale of real estate, stocks, bonds, etc:Individual income-tax returns:
Amount and percent 10Frequency distribution, by size of specific sources of income 14Net income classes 11, 78No net income, amount 20No net income, deficit classes 131Percentage distribution 13States, 76Tax credit 81-130Years, 1922 to 1932 43-44Years, 1928 to 1932, net income of $5,000 and over 45-46
M
Machinery—Building, construction, mining, etc. (See Metal and itsproducts.)
Manufacturing:Corporation income-tax returns:
Assets and liabilities, classified 155-157Compiled receipts and statutory deductions, classified 136-
147, 155-157Consolidated returns 34Industrial subgroups. 148-151
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248 INDEX
Manufacturing—Continued.Corporation income-tax returns—Continued. Page
Returns showing net income and no net income 22—24Total assets classes 167-177Years, 1923 to 1932 183-186
Individual income-tax returns:Net profit from business 15
Manufacturing not elsewhere classified:Corporation income-tax returns:
Assets and liabilities, classified 157Compiled receipts and statutory deductions, classified 139,
143, 147, 157Consolidated returns 34Industrial subgroups 151Returns showing net income and no net income 22-24Total assets classes 177Years, 1923 to 1932 186
Individual income-tax returns:Net profit from business 15
Men, individual income-tax returns:Number and net income 7
Net income classes 73States 71
Metal mining, copper, gold, iron, silver, etc., income-tax returns of corpora-tions engaged in (see also Mining and quarrying) 148
Metal and its products:Corporation income-tax returns:
Assets and liabilities, classified 157Compiled receipts and statutory deductions, classified 138,
142, 146, 157Consolidated returns 34Industrial subgroups 150Returns showing net income and no net income 22-24Total assets, classes 176-177Years, 1923 to 1932 186
Individual income-tax returns:Net profit from business 15
Mill products, bran, flour, etc., income-tax returns of corporations engagedin manufacture of (see also Food products, including beverages) 148
Mining and quarrying:Corporation income-tax returns:
Assets and liabilities, classified 154Compiled receipts and statutory deductions, classified 136,
140, 144, 154Consolidated returns 34Industrial subgroups 148Returns showing net income and no net income 22—24Total assets, classes 167Years, 1923 to 1932 183
Individual income-tax returns:Net profit from business 15
Miscellaneous assets, in corporation balance sheets:Industrial groups 154-159I terns included 29Returns showing net income and no net income 30Total assets, classes 160-165Years, 1926 to 1932 49
Miscellaneous deductions, corporation income-tax returns:Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets, classes 160-165
Miscellaneous liabilities, in corporation balance sheets:Industrial groups 154-159Items included 29-30Returns showing net income and no net income 30Total assets, classes 160-165Years, 1926 to 1932 49
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INDEX 249
Miscellaneous receipts, corporation income-tax returns: PageIndustrial groups^ 136-147, 154-159Submitting and not submitting balance sheets 28Total assets, classes 160-165
Mortgages in corporation balance sheets. (See Bonded debt and mort-gages.)
Mortgages, notes, and cash, estate-tax returns, by net estate classes 52—55Motion-picture producers, income-tax returns of corporations (see also
Service—Amusements) 152Motion-picture theaters, income-tax returns of corporations (see also
Service—Amusements) 152Motor vehicles, complete or parts, income-tax returns of corporations en-
gaged in manufacture of (see also Metal and its products) 150Musical instruments, optical goods, etc., income-tax returns of corpora-
tions engaged in manufacture of (see also Manufacturing not elsewhereclassified) 151
N
National banks, income-tax returns of corporations 153Net estate, estate-tax returns by net estate classes 52-55, 57Net income, corporation or individual. (See Corporation income; Indi-
vidual income.)Net loss from business and partnership, individual income-tax returns:
Amount and percent 10Net income classes 11, 78No net income, amount 20No net income, by deficit classes 131Percentage distribution 13States 76Years, 1926, 1927, 1930 to 1932 44-46
Net loss for prior j^ear:Corporation income-tax returns:
Consolidated returns 34Defined 26Fiscal year returns 36Industrial groups 136-147, 154-159States 134Submitting and not submitting balance sheets 28Total assets classes 160-165Years, 1922 to 1932 26
Individual income-tax returns:Defined 9Net income classes 78States 76Years, 1922 to 1932 9
Net estate, estate-tax returns (see also Estate-tax returns):Defined 50Net estate classes 52-55, 57States, resident decedents 56Years, 1916 to 1933, resident and nonresident 58
Normal income tax, individuals (see also Individual income tax) _ _ 38, 67, 81-130Notes and accounts payable, in corporation balance sheets:
Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Notes and accounts receivable, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 _.___ 49
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250 INDEX
oObligations of the United States and its possessions, etc., individual
income-tax returns: ^ ^Amount owned and interest received, by net income classes 18-19
Obligations of States and Territories:Amount owned and interest received, by net income classes 18-16
Office equipment, etc., income-tax returns of corporations engaged inmanufacture of (see also Metal and its products) 150
Oil and gas, income-tax returns of corporations engaged in production of(see also Mining and quarrying) 148
Other income, individual income-tax returns:Amount and percent 10Net income classes 11, 78No net income 20Percentage distribution 12States 76Years, 1916 to 1932 43-44Years, 1916 to 1932, net income $5,000 and over 44-45
P
Packing-house products, bacon, fresh meats, hams, etc., income-tax returnsof corporations engaged in manufacture of (see also Food products) 148
Paper, pulp, and products:Corporation income-tax returns:
Assets and liabilities, classified 156Compiled receipts and statutory deductions 137, 141, 145, 156Consolidated returns 34Returns showing net income and no net income 22-24, 149Total assets classes 173Years, 1923 to 1932 185
Individual income-tax returns:Net profit from business 15
Part year returns, corporation income-tax returns 37Partnership returns of income, number of, 1917 to 1932 21Partnership, individual income from:
Amount and percent 10Defined 10Net income classes 11, 77No net income, amount 20No net income, deficit classes 131Percentage distribution 12States 75War excess-profits tax (note 2) 38Years, 1917 to 1932 43-44Years, 1917 to 1932, net income of $5,000 and over __. 44-45
Personal exemption, individual income-tax returns:Amount and percent 8Net income classes, and under $10,000 by taxable and nontaxable
returns 66States 65
Petroleum and other mineral oil refining, income-tax returns of corpora-tions engaged in (see also Chemicals and allied substances) 150
Power of appointment, estate-tax returns, by net estate classes (note 2) 54Precious metals, jewelry, products and processes, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its prod-ucts) 150
Preferred stock, in corporation balance sheets:Industrial groups 154-159Industrial groups and total assets classes 166-182Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
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Printing and publishing:Corporation income-tax returns: Page
Assets and liabilities, classified 157Compiled receipts and statutory deductions, classified 138,
142, 146, 157Consolidated returns 34Returns showing net income and no net income 22—24, 149Total assets classes 174Years, 1923 to 1932 185
Individual income-tax returns:Net profit from business 15
Professional service, curative, educational, legal, etc., income-tax returns ofcorporations engaged in (see also Service) * 152
Profit from sale of capital assets:Corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Profit from sale of real estate, stocks, bonds, etc.:Individual income-tax returns:
Amount and percent 10Frequency distribution, by size of specific sources of income 14Net income classes 11, 77Net income, amount 20No net income, by deficit classes 131Percentage distribution 12States 75Years, 1917 to 1932 43-44Years, 1917 to 1932, net income of $5,000 and over 44-45
Property in estate-tax returns of resident decedents by net estate classes,classified 52-55
Property previously taxed, estate-tax returns (note 2) 54Public utilities. {See Transportation and other public utilities.)
Q
Quarrying, income-tax returns of corporations and individuals engaged in.(See Mining and quarrying.)
RRadio broadcasting companies, income-tax returns of corporations (see
also Transportation and other public utilities) 151Radios, complete or in parts, income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified) 151Rail transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities) 151Real estate, buildings and equipment. (See Capital assets.)Real estate and holding companies, etc., income-tax returns of corpora-
tions (see also Finance) 153Real estate, estate-tax returns by net estate classes 52-55Receipts compiled, income-tax returns of corporations. (See Compiled
receipts, corporation returns.)Rents and royalties:
Corporation income-tax returns:Industrial groups 136-147, 154-159Submitting and not submitting balance sheets • 28Total assets classes 160-165
Individual income-tax returns:Amount and percent 10Frequency distribution, by size of specific source of income 14Net income classes 11, 77No net income, amount 20No net income, by deficit classes 131Percentage distribution 12States 75Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-45
61684—34 17
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Page.Restaurants, hotels, etc., income-tax returns of corporations (see also
Service) 152Retail trade, income-tax returns of corporations engaged in {see also
Trade) 152Returns tabulated, individual and corporation 1-2Returns on Form 1040, no net income:
By deficit classes 131By sources of income and deductions 20States 131
Jlevenue Acts, 1909 to 1932:Corporation income-tax returns:
Income and profits tax rates, exemptions and credits 210-212JEstate-tax returns:
Tax rate, specific exemption, and credits against estate tax 214-215Excess profits tax rates, war and 208-211Gift tax returns:
Tax rates, exemptions, etc 216Individual income-tax returns:
Required to file returns; personal exemption, credit for depend-ents, and normal tax rates 202-203
Supplemental income-tax rates and tax credits 208-209Surtax rates 206-207
Revised items, individual income-tax returns, sex and family relationship, 7Royalties. (See Rents and royalties.)Rubber products:
Corporation income-tax returns:Assets and liabilities, classified . _ 156Compiled receipts and statutory deductions, classified. 137, 141, 145, 156Consolidated returns 34Industrial subgroups 149Returns showing net income and no net income 22-24Total assets classes 171-172Years, 1923 to 1932 . 184
Individual income-tax returns:Net profit from business 15
S
Salaries and wages, individual income from. (See Wages and salaries.)Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate,
stocks, bonds, etc.)Sales, gross. (See Gross sales.)Sawmill and planing-mill products, income-tax returns of corporations
engaged in manufacture of (see also Forest products) 149Securities, wholly and partially tax-exempt. (See Tax-exempt obligations;
Obligations.)Service:
Corporation income-tax returns:Assets and liabilities, classified : _ 159Compiled receipts and statutory deductions, classified, 139, 143, 147, 159Consolidated returns __ 34Industrial subgroups _ _ _ _ 152Returns showing net income and no net income _______;__ 22-24
• Total assets classes 180-181Years, 1923 to 1932 . . . . . . 187
Individual income-tax returns:Net profit from business ______-- 151 Shipbuilding and repairing, income-tax returns of corporations engaged in
(see also Construction) 151Silk and rayon goods, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products) 149Simple and cumulative distribution of individual income-tax returns.
(See Individual income-tax returns.)Soft drinks, mineral waters, wine, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products) ___-— 148
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Sources of income and deductions, individual income-tax returns:Amounts and percent 10Frequency distribution by size of specific income and deductions 14Net income classes 11-12, 77-78No net income, amount 20No net income, deficit classes 131Percentage distribution 12-13States 76-77Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-46
State and local securities, reported in individual income-tax returns 18-19State and municipal bonds, e state-tax returns, by net estate classes 52-55State and private banks, income-tax returns of corporations (see also
Finance) 153Statutory deductions, corporation income-tax returns:
Industrial groups 136-147, 154-159Submitting and not submitting balance sheets 28Total assets classes 160-165
Statutory net income, corporation income-tax returns:Industrial groups 136-147, 154-159-Industrial groups and total assets classes 166-182Total assets classes 32, 160-165
Steam railroads, etc., income-tax returns of corporations engaged in (seealso Transportation and other public utilities) 151
Stock and bond brokers, income-tax returns of corporations (see alsoFinance) 15a
Stock dividends in corporation income-tax returns. (See Dividends.)Stock dividends paid, in corporation balance sheets:
Industrial groups 136-147, 154-15$States 135Submitting and not submitting balance sheets 28Total assets classes 160-165Years, 1922 to 1932 27
Stone, clay, and glass products:Corporation income-tax returns:
Assets and liabilities, classified 157Compiled receipts and statutory deductions, classified 138,.
142, 146, 157Consolidated returns 34Returns showing net income and no net income 22—24, 150'Total assets classes 175-176Years, 1923 to 1932 __ 185
Individual income-tax returns:Net profit from business 15
Subsidiaries, corporation income-tax returns. (See Consolidated returns.)Sugar—Cane, beet, maple, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products) 148Surplus and undivided profits, in corporation balance sheets:
Industrial groups 154-159Industrial groups and total assets classes 166-182;Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Surtax, individual income tax (see also Individual income tax) 38, 67, 81-130Synopsis of income and profits tax rates, estate tax rates, credit and
exemptions affecting comparability of data in Statistics of Income 202-216*
TTax credit. (See Credit.)Taxes. (See Corporation income tax; Individual income tax; Estate tax;
Gift tax; Foreign taxes.)Taxes paid other than income tax:
Corporation income-tax returns:Industrial groups 136-147, 154-159*Submitting and not submitting balance sheets 28Total assets classes 160-165
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Taxes paid other than income tax—Continued.Individual income-tax returns:
Amounts reported in general deductions and in business de-ductions 16
Net income classes 80No net income 20States 79Years, 1927 to 1932 80
Tax-exempt income. (See Dividends, Exemptions; Tax-exempt invest-ments.)
Tax-exempt interest. (See Tax-exempt investments.)Tax-exempt investments:
Corporation income-tax returns:Industrial groups 154-159Returns showing net income and no net income 30Total assets classes 160-165Years, 1926 to 1932 49
Estate-tax returns, size of net estate 52-55Individual income-tax returns, net income classes 18-19
Tax forms for 1932 217-233Telephone and telegraph companies, income-tax returns of corporations
(see also Transportation and other public utilities) 151Tentative tax, estate-tax returns 52-55Textiles and their products:
Corporation income-tax returns:Assets and liabilities, classified 155Compiled receipts and statutory deductions, classified 137,
141, 145, 155Consolidated returns 34Industrial subgroups 149Returns showing net income and no net income 22-24Total assets classes 170Years, 1923 to 1932 184
Industrial income-tax returns, net profit from business 15Theaters, legitimate, vaudeville, etc., income-tax returns of corporations
(see also Service) 152Tires and tubes, etc., income-tax returns of corporations engaged in the
manufacture of (see also Rubber products) 149Tobacco products:
Corporation income-tax returns:Assets and liabilities, classified 155Compiled receipts and statutory deductions, classified 137,
141, 145, 155Consolidated returns 34Returns showing net income and no net income 22-24, 148Total assets classes 169Years, 1923 to 1932 184
Individual -income-tax returns, net profit from business •:_ 15Trade:
Corporation income-tax returns:Assets and liabilities, classified 159Compiled receipts and statutory deductions, classified 139,
143, 147, 159Consolidated returns 34Industrial subgroups 152Returns showing net income and no net income 22-24Total assets classes 179-180Years, 1923 to 1932 187
Individual income-tax returns, net profit from business 15Transfers made in contemplation of death, estate-tax returns, by net
estate classes (note 2) 1 54Transportation and other public utilities:
Corporation income-tax returns:Assets and liabilities, classified 158Compiled receipts and statutory deductions 139, 143, 147, 158Consolidated returns 34Industrial subgroups 151Returns showing net income and no net income 22-24
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Transportation and other public utilities—Continued.Corporation income-tax returns—Continued. Page
Total assets classes 179Years, 1923 to 1932 186
Individual income-tax returns, net profit from business 15Trust companies, savings banks, etc., income-tax returns of corporations
(see also Finance) 153
U
Undivided profits, corporation income-tax returns. (See Surplus andundivided profits.)
United States Government bonds, wholly and partially tax-exempt,reported in individual income-tax returns (see also Tax-exemptinvestments) 17-19
W
Wages and salaries, individual income-tax returns:Amount and percent 10Frequency distribution, by size of specific source of income 14Net income classes 11, 77No net income, amount 20No net income, deficit classes 131Percentage distribution 12States 75Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-45
War-profits and excess-profits taxes:Corporation income-tax returns:
Amount 1917 to 1922 47Rates 211-212
Individual income-tax returns:Amount (note 2) 38Rates 208
Partnership war-profits tax:Amount (note 2) 38
Water companies, corporation income-tax returns (see also Transporta-tion and other public utilities) 151
Water transportation, income-tax returns of corporations (see also Trans-portation and other public utilities) 151
Wives and husbands, joint individual returns of. (See Husbands.)Wives, separate individual income-tax returns of:
Number of returns and amount of net income 7Net income classes 74States 72
Women, single, individual income-tax returns of:Number of returns and amount of net income 7
Net income classes 73-74States 71-72
Woolen and worsted goods, income-tax returns of corporations engaged inmanufacture of (see also Textiles and their products) 149
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