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)

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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


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


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


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


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.


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


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.


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.



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


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.


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



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



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-



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).



Sources of income and deductions, individual returns for 1932, by net income classes *

Net income classes


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


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-



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


Under 5 (estimated)....5-10 .- --10-2525-5050-100100-150150-300300-500500-1,000 .1,000 and over

Total

Net income classes


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.)


STATISTICS OF INCOME 13Percentage distribution of sources of income and deductions, individual returns for

1932, by net income classes1—Continued

Net income classes


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.



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


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.



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.



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.



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


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.


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


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*



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.



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



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.)



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



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.)


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


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

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


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

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



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}êr 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.



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


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-



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.


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-



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


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


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


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



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.



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


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


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


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.



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.



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).


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




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


3637383940414243444546474849505153545657585960 . .61636567686970717475 . . .78

Num-ber ofcon-soli-

datedreturns

63545122432213441121221

3111111221

Totalnumberof sub-

sidiaries

216111190156200418486

176135929448

1472002045354

11257

11611860

122189656768697071

14815078


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



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


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



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


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


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



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.



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.



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.



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.



Tax in individual returns for 1916 to 19S2 by net income classes 1


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.



Average rate of tax on net income in individual returns for 1916 to 1982, by netincome classes l

Net income classes


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.



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


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



Sources of income and deductionsy individual returns for 1916 to 19321—Contd.[Thousands of dollars]

Distribution 1928 1929 1930 1931 1932


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


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



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


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




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.



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


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.



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


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


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.


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


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.


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.



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.



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.


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



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.


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.



TABLE 2.—Estate-tax returns of resident decedents, by States and Territories, showingnumber of returns, gross estate, net estate, and tax


[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.


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.



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


Returns filed

Total Residentdecedents

Nonresi-dent de-cedents

Gross estate

Total Residentdecedents


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


Tax

TotalResidentdecedents


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



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



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]


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.



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)


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.



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.


BASIC TABLES

INDIVIDUAL RETURNS

63


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

Încludes Alaska.



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


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.


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


Under 1 (estimated)1

Under 1 (estimated)1-2 (estimated)1

1-2 (estimated)2-3 (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.



TABLE 3.—Individual returns for 1932 by net income classes, showing simple andcumulative distribution of number of returns, net income and tax, and percentages


Net income classes


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


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


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


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



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


Tax

Simple distribution

Amount Percentof total

Cumulative distribu-tion from highestincome class

Amount Pereentof total


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


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


[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.



TABLE 4.—Individual returns for 1932 by States and Territories, showing numberof returns and net income by sex and family relationship—Continued



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.



TABLE 5.—Individual returns for 1982 by net income classes, showing number ofreturns and net income by sex and family relationship



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.



TABLE 5.—Individual returns for 1932 by net income classes, showing number ofreturns and net income by sex and family relationship—Continued


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.


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




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


61684—34 6



TABLE 6.—Individual returns for 1932 by States and Territories, showing sourcesof income and deductions, net income, and net loss for prior year—Continued



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.



TABLE 7.—Individual returns for 1932 by net income classes, showing sources ofincome and deductions, net income, and net loss for prior year


[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.



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



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]


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


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.



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


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


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


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.



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


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


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




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


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..


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


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



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


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


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


$9,84718,10116,17446,91616,3192,389

9,1782,202

40, 822(2)(2)

(2)

23, 645

185, 593





CONNECTICUT

Net income classes


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


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


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





DELAWARE

Net income classes


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


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


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


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





GEORGIA

Net income classes


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


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


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


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




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


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


$9893928

9,8372,315

13,719435

4,343

327

130

32,936

!!


61684—34-



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


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


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


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





ILLINOIS

Net income classes


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 _


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


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





INDIANA

Net income classes


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


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


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.



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


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


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


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


net gain

$19

9,4043

15,117

24, 543


$3,4808,4026,213

34,96614,2345,844

21,10311,073

880

106,195





KANSAS

Net income classes


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


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


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





KENTUCKY

Net income classes


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..


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


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


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

!





LOUISIANA

Net income classes


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


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


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


net gain

$2,072771

3,56392

14,954

132,392

153,844


$13,7055,9416,060

28,60560,534

4,59729,888

33,012

182,342




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


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


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

*


net gain

$331,3172,086

' 9,3893,039

18,318

19, 420

53,602


$13,63119,65316,35634, 87120,66758, 6788,493

13,08534,354

23, 203

5,796

248,787




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


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


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


net gain

$2772,645

5957,308

13, 2411,4517,8014,477

31030, 394

93,644(2)(2)

(2)

11,353

83, 505


$38, 52159,98673,498

149, 747159, 774140,09785,99078, 24199,93249,873

213,14853,90252, 862

(2)

48,844

1,304,415





MASSACHUSETTS

Net income classes


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


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

;


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


$288,371295, 340370,677666, 465696, 679551, 092458, 212349,802223,971272,116756,287166,467111,380

5,206,859





MICHIGAN

Net income classes


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


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


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


$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,




MINNESOTA

Net income classes


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


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


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


net gain

$6881,0281,3395,2322,1139,5586,192

163

16,807

43,120


$25,87351,68950,895

106,82069,25482,93331,82739,73436,1581,712

41,590

(')

9,270

547,755





MISSISSIPPI

Net income classes


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


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


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





MISSOURI

Net income classes


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


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


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

!


net gain

$3252,2217,473

14,9056,6417,458

25,9919,694

27,3539,510

30,05145,743

(2)

28,377

215,742


$38,50583,87575,005

122,666124, 270118,39555,02052,95926,22534, 735

136,02348,838

(2)

(*)

9,862

926,378





MONTANA

Net income classes


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


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


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


net gain

$8

25

(2)

17

50


$1,2562,1712,7985,7791,477

(2)

(a)(2)

(2)

67,734

81,215





NEBRASKA

Net income classes


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


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


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


61684—34 8




NEVADA

Net income classes


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


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


net gain

$1,166

1,166


$309

2,5151,9297,575

(2)

5,787

18,115




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


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 -


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




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


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


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


net gain

$6823,0255,088

14,43813,18130,65131,0756,7338,586

11,46359,41316,029

42922,285

38

59,316

282,432


$105,715153,756190,040442,688281,734243,589201,741228,880171,085113,707559,819113,411165,419

8,70057,441

23,16787,739

3,148,631r





NEW MEXICO

Net income classes


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


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)


net gain

39,685

60, 795

!

;! i


$2,1622,028

(2)

19,839

24,029





NEW YORK

Net income classes


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


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


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


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





NORTH CAROLINA

Net income classes


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


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


net gain

$1,4823,219

3,9392,752

14,140

3,61517,233

44,060

6,333

96,773


$2,9943,0454,714

13,90027,73715,52516,26519,736

39,146

19,03838,968

Ii180,650

381,718





N O R T H DAKOTA

Net income classes


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


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


net gain


(2)

$309

309





OHIO

Net income classes


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


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


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


net gain

$1,1452,9877,191

14,2537,476

12,2394,320

11,135125

14,85634,036

150847

110,760


$53,630120,007137,908307,170328,918209,096189,17585,825

140,66183,275

294,038117,45174,038

8,187

214,087

2,363,466




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


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


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


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


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





OREGON

Net income classes


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


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


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)


net gain


$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




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


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


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


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


net gain

$2,2058,345

18,75048,27448,32748,48826,63943,90238,37123,94152,89855,152

29,16543,560

688

488,705


$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.




RHODE ISLAND

Net income classes


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


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


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


net gain

$821,704

51,7651,475

38

19, 5386,551

16, 607

47,765


$23,36929,67039,46362, 313

113,22976, 70473,85836, 77144, 09314,82351, 46411,98513,671

(2)

(2)

120,610

712, 023





SOUTH CAROLINA

Net income classes


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 . . . . -


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


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




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


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


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


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


net gain


$1,223945

(2)

11,479

13,647





TENNESSEE

Net income classes


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


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


$4,77811,43612,12122, 72811,95516,90813,9414,022

46,975(2)

15,061

159,925





TEXAS

Net income classes


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


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


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


$16, 42729,39214,10548,69837, 50314,97412, 27864,0604,664

122

236,223

*


61684—34 9




UTAH

Net income classes


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


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


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


net gain

$2194,688

(2)

(2)

49,467

54,374


$5,1057,3904,6385,5785,931

(2)

4,725

6,029

39,396





VERMONT

Net income classes


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


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


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


net gain

$319

454

773


$5,6219,1133,228

10,0304,960

(2)

12, 273(2)(2)(2)

36, 724

81,949





VIRGINIA

1

Net income classes


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


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


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


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





WASHINGTON «

Net income classes


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


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


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


net gain

$132,8568,7222,374

11,740853

13, 026

39, 584


$4,5468,2997,229

16, 33629, 241

13,32613,1984,396

96, 571





W E S T V I R G I N I A

Net income classes


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 . .


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


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


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





WISCONSIN

Net income classes


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..


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


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


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




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


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)êstimated).. _[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


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


net gain

$27

27


$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.



TABLE 10.—Individual returns for 1982 on form 1040 with no net income, by Statesand Territories, showing number of returns and deficit


Num-ber of

re-turns

Deficit(in

thou-sands)


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


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.


BASIC TABLES

CORPORATION RETURNS

133



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


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).



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


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



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

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___



STATISTICS OF INCOME 137her of returns, compiled receipts and statutory deductions, net profit or deficit,after deducting tax, and dividends paid



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



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



Printing,publishing,and alliedindustries

Chemicalsand alliedproducts

Stone,clay, andglass prod-

ucts

Metal andits prod-

ucts

10

Number of returns


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



STATISTICS OF INCOME

her of returns, compiled receipts and statutory deductions,after deducting tax, and dividends paid—Continued


RETURNS—Continued

139

net profit or deficit.


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



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


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



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


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.



number of returns, compiled receipts and statutory deductions, net profit or deficitâfter deducting tax, and dividends paid—Continued

thousands of dollars]SHOWING NET INCOME


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



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


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


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



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


Manufactu ring—Continued




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


Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income taxBad debtsDepreciation..DepletionLoss, sale of capital assetsMiscellaneous 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




number of returns, compiled receipts and statutory deductions, net profitior deficit,deducting tax, and dividends paid—Continued


ING NET INCOME—Continued

Manufactur-ing—Contd.


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


Transporta-tion and


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



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



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



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


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


Compiled net deficit (10 less 20)Statutory net deficit (21 plus 8 and 9)Cash dividends paidStock dividends paid



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



Tobaccoproducts

256

60,02979

175235

9542

11954

61,242

46,9311,989

4491,035

7501,338

66113,066

66,219

4,9775,1512,197


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


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


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



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


Number of returns


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-_-


Statutory deductions:Cost of goods soldCompensation of officersInterest paid __ '_ —Taxes paid other than income taxBad debtsDepreciation. _DepletionLoss, sale of capital assetsMiscellaneous deductions


Compiled net deficit (10 less 20)Statutory net deficit (21 plus 8 and 9)Cash dividends paidStock dividends paid



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


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


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.


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


Manufactur-ing— Contd.


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


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



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



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.


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


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


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


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


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


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


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



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


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-


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


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


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


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



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


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



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.



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]


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—



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


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.


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



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


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



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


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


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.


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



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.



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


PART 1. ALL RETURNS


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.


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


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



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



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



TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net


PART 2. RETURNS



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.


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


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..


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


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



TABLE 16.—Returns of corporations submitting balance sheets for 1932 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net


PART 3. RETURNS SHOW



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



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


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.



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


ING NO NET INCOME


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.


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]


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


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


^ 1


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


00


Num-ber of

returnswith

balance

Cash, inotes,


able

Inven-tories

Capitalassets


Totalassets-Total li-abilities

Notesand ac-counts

payable

Bondeddebtand

mort-

Capital stock

Pre-ferred Common


lessdeficit

Grosssales 2

Grossreceipts

fromopera-tions 3

Totalcompiledreceipts *



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


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



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



Num-ber of

returnswith

balancesheets

Cash, inotes,


able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales 2

Grossreceipts

fromopera-tions 3




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


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






Num-ber of

returnswith

balancesheets

Cash,inotes,

and ac-countsreceiv-able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Gross 2Gross

receiptsfromopera-tions 3

Totalcompiledreceipts4



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


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


CO





Num-ber of

returnswith

balancesheets

Cash,inotes.,


Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales2

Grossreceipts

fromopera-tions 3




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


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


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





Num-ber of

returnswith

balancesheets

Cash, inotes,


able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-

Capital stock

Pre-ferred Common


lessdeficit

GrossGross

receiptsfrom

opera-tions 3

Totalcompiledreceipts i



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


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






Num-ber of

returnswith

balancesheets

Cash, inotes,


able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales2

Grossreceipts

fromopera-tions 3

Totalcompiledreceipts 4

Compilednet profitor deficit 5i


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


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





00

o


Num-ber of

returnswith

balancesheets

Cash,inotes,

and ac-countsreceiv-able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-

Capital stock

Pre-ferred Common


lessdeficit

Gross

Grossreceipts

fromopera-tions s


Compilednet profitor deficitB


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


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




00to


Num-ber of

returnswith

balancesheets

Cash, inotes,


able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales2

Grossreceipts

fromopera-tions 3




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



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


[For text defining certain items and describing returns included see pp. 1-5]

YearTotalnum-ber of

returns


Num-ber

Grossincome 3

Netincome Tax

Returns showing no net income2

Num-ber

Grossincome3 Deficit


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.


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.



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


YearTotalnum-ber of

returns


Num-ber

Grossincome3

Netincome Tax


Num-ber



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



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


YearTotalnum-ber of

returns


Num-ber

Grossincome3

Netincome Tax


Num-ber



no incomedata-


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




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


Year

Totalnum-ber of

returns


Num-ber

Grossincome3

Netincome

Tax


Num-ber



no incomed a t a -


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



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


Year

Totalnum-ber of

returns


Num-ber

Grossincome3

Netincome Tax


Num-ber



no incomed a t a -


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


61684—34



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


Number Net income Tax

Returns showing no netincome 2

Number Deficit


no incomedata-


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.




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




Number Deficit


no incomedata—


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




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




Number Deficit


no incomedata—


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





Year

Totalnumber

of re-turns




Number Deficit


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




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




Number Deficit


no incomedata—


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




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




Number Deficit


no incomed a t a -


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




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




Number Deficit


no incomedata—


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



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




Number Deficit


no incomed a t a -


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




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




Number Deficit


no incomedata-


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





YearTotal

numberof re-turns




Number Deficit


no incomed a t a -


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




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




Number Deficit


no incomed a t a -


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



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


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



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.



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



[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.



¥ 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.



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 îyio

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


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



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


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


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.


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 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


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



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




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 equal to 20 percent of invested capital


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.



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.



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.


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


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



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.


INCOME-TAX FORMS

217


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



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



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 $

: : : : : :



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.



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.



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)



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



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.



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

—



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



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

' • ^ ^ ™ .DAXEÊDWmCHEttÔEJ

$

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.



..«»«»— 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



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.



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)



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? „


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


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


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


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:


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


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


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:


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:


Years, 1916 to 1932 43-44Years, 1916 to 1932, net income of $5,000 and over 44-46


INDEX 241

Deficit. (See Individual deficit; Corporation deficit.)Depletion, corporation income-tax returns:


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


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


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


Foreign taxes:Corporation income and profits taxes paid foreign countries 26

Forest products:Corporation income-tax returns:


141, 145, 156Consolidated returns 34Industrial subgroups 149Returns showing net income and no net income 22-24Total assets classes 172-173Years, 1923 to 1932 184


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


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:


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


244 INDEX

Husbands and wives, individual income-tax returns of: PageNumber and net income 7


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


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


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:


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


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


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


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


Manufacturing not elsewhere classified:Corporation income-tax returns:


143, 147, 157Consolidated returns 34Industrial subgroups 151Returns showing net income and no net income 22-24Total assets classes 177Years, 1923 to 1932 186


Men, individual income-tax returns:Number and net income 7


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:


142, 146, 157Consolidated returns 34Industrial subgroups 150Returns showing net income and no net income 22-24Total assets, classes 176-177Years, 1923 to 1932 186


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:


140, 144, 154Consolidated returns 34Industrial subgroups 148Returns showing net income and no net income 22—24Total assets, classes 167Years, 1923 to 1932 183


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


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 jêar: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


250 INDEX

oObligations of the United States and its possessions, etc., individual

income-tax returns: ^ Âmount 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


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


INDEX 251

Printing and publishing:Corporation income-tax returns: Page


142, 146, 157Consolidated returns 34Returns showing net income and no net income 22—24, 149Total assets classes 174Years, 1923 to 1932 185


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:


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


252 INDEX

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


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


IHDEX 253

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:


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


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


254 INDEX

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:


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:


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


INDEX 255

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
