Income 1931

U. S. TREASURY DEPARTMENTBUREAU OF INTERNAL REVENUE

STATISTICS OF INCOMEFOR 1931

COMPILED FROM INCOME-TAX RETURNSAND INCLUDING STATISTICS FROM

ESTATE-TAX RETURNS

PREPARED UNDER DIRECTION OF THE

COMMISSIONER OF INTERNAL REVENUEBY THE

STATISTICAL SECTION, INCOME TAX UNIT

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON : 1933

For sale by the Superintendent of Documents. Washington. D.C. Price 15 cents

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

CONTENTS

PageOfficial transmittal 1GENERAL EXPLANATIONS 1-4

Returns tabulated 1-2General definitions 2-4Industrial classification 4Geographic distribution 4

INCOME-TAX RETURNS

INDIVIDUAL INCOME-TAX R E T U R N S :N u m b e r of r e tu rns , ne t income and tax 4—5Simple and cumula t ive dis t r ibut ion, by net income classes, of n u m -

ber of returns, net income, and tax 5-6Classification by sex and family relationship 6Net income exempt from normal tax 6-7Capital net gains and losses 7-8Net loss for prior year, 1922 to 1931 8Credit of 25 percent of tax on earned net income, 1924 to 1931 8-9Sources of income and deductions 9-12

Amounts and percentages 9By net income classes 10-11Percentage distribution by net income classes 11-12

Frequency distribution by size of specific items of income and de-ductions, returns of net income of $5,000 and over 12-14

Net profit from business, returns of net income of $5,000 and over,by major industrial groups 15

Taxes paid other than Federal income tax and interest paid, returnsof net income of $5,000 and over 16-17

Wholly and partially tax-exempt obligations, returns of net incomeof $5,000 and over, by net income classes 17-18

Returns on form 1040 with no net income 18-19By deficit classes __. 19Sources of income and deductions 19

Number of returns by counties, cities, and townships 19PARTNERSHIP RETURNS OF INCOME 20CORPORATION INCOME-TAX RETURNS:

Number of returns, net income or deficit, and tax 20By major industrial groups 20-23By net income and deficit classes 24

Net loss for prior year, 1922 to 1931 25Amount of net income exempt from and subject to tax 25Income and profits taxes paid to foreign countries or possessions of

the United States . 26Dividends paid, 1922 to 1931 26Compiled receipts and statutory deductions 27-28

Corporations submitting and not submitting balance sheets 28Assets and liabilities 28-32

Corporations submitting balance sheets, returns with net in-come and no net income 30

Number of corporation returns filed and number of balancesheets tabulated by net income and deficit classes 30

Assets and liabilities and compiled receipts and statutory deduc-tions by total assets classes 31-32

Returns showing net income and no net income 32in


IV CONTENTS

CORPORATION INCOME-TAX RETURNS—Continued. PageRevised items in assets and liabilities, Statistics of Income, 1927 32Revised items in receipts and deductions, Statistics of Income, 1930_ 32-33Revised number of consolidated returns, Statistics of Income, 1930__ 33Consolidated returns 33-35

By major industrial groups 34By net income and deficit classes 35By number of subsidiaries 35

Fiscal year returns 35-36By month ending the fiscal year 36By net income and deficit classes 36

Part-year returns 36-37HISTORICAL SUMMARIES:

Individual income-tax returns:Number of returns, net income, tax before tax credits, tax

credits, and tax, 1913 to 1931 37-38Number, by net income classes, 1914 to 1931 38-39Net income, by net income classes, 1916 to 1931 39-40Tax, by net income classes, 1916 to 1931 40-41Average rate of tax on net income, by net income classes, 1916

to 1931 41Sources of income and deductions, 1916 to 1931 42-45

All returns 42-43Returns of net income of $5,000 and over 43-45

Corporation income tax returns:Total number, number and percent with net income and no net

income, gross income, net income, deficit, and tax, 1909 to 1931- 46Number of returns, net income and deficit, by net income and

deficit classes, 1928 to 1931 47Returns submitting balance sheets, showing number of balance

sheets and major items of assets and liabilities, 1926 to 1931__ 48

ESTATE-TAX RETURNS

ESTATE-TAX RETURNS:General explanations 49Table 1. Resident decedents. Gross estate, deductions, net estate,

and tax, by net estate classes 50-53Table 2. Resident decedents. By States and Territories 54-55Table 3. Resident and nonresident decedents. Historical summary,

1916 to 1932 56

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 592. By net income classes 60-613. Simple and cumulative distribution, by net income classes. _ 62-644. Sex and family relationship, by States and Territories 65-665. Sex and family relationship, by net income classes 67-686. Sources of income and deductions, by States and Territories. 69-707. Sources of income and deductions, by net income classes 71-728. Taxes paid other than Federal income tax and interest paid,

by States and Territories, returns of net income of $5,000and over 73

8A. Taxes paid other than Federal income tax and interest paid,by net income classes, returns of net income of $5,000 andover 74

10. Returns on form 1040 with no net income, number anddeficit, by States and Territories 125

11. Returns on form 1040 with no net income, sources of incomeand deductions, by deficit classes 125

states and Territories separately (9):9. By net income classes with historical summary, 1921 to 1930_ 75-124


CONTEXTS V

CORPORATION INCOME-TAX RETURNS (12-19):United States in aggregate (12-18): Page

12. By States and Territories 128-12913. Compiled receipts and statutory deductions, by major indus-

trial groups:All returns 130-133Returns showing net income 134-137Returns showing no net income 138-141

14. By major industrial groups and subgroups 142-14715. Returns submitting balance sheets, showing assets and lia-

bilities, and compiled receipts and statutory deductions, bymajor industrial groups, and by returns with net incomeand no net income 148-153

16. Returns submitting balance sheets, showing assets andliabilities and compiled receipts and statutory deductions,by total assets classes:

All returns submitting balance sheets 154-155Returns showing net income 156-157Returns showing no net income 158-159

17. Returns submitting balance sheets by major industrialgroups and by total assets classes, showing selected items ofassets and liabilities and selected items of receipts 160-177

18. By major industrial groups for returns with net income andno net income, 1922 to 1931 178-182

States and Territories separately (19):19. Historical summary, 1922 to 1931 183-193

REVENUE ACTS OF 1909 TO 1932—SYNOPSIS OF INCOME- AND PROF-ITS-TAX RATES ESTATE-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 1 198-199Surtax rates 200-201Supplemental income-tax rates and tax credits 202-203

CORPORATION:Income- and profits-tax rates, exemptions, and credits 204-207

ESTATE TAX:Rates, specific exemptions, and credits against estate tax 208-209

INCOME-TAX FORMS:Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1931 211-227

INDEX 229


STATISTICS OF INCOME FOR 1931

TREASURY DEPARTMENT,OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D.C., October 18, 1933.SIR: In accordance with the provisions contained in the Revenue

Act of 1916 and subsequent Acts for the publication annually of sta-tistics 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 1931,>? prepared from the income-tax returns of individuals and corporations for that year filed during1932, 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 1932, irrespective of the date ofdeath of the decedent, and a brief historical summary.

GENERAL EXPLANATIONS

Returns tabulated.—In general, the returns included in this reportare for the calendar year 1931, filed under the provisions of theRevenue Act of 1928. However, a considerable number of corpora-tion returns and a negligible number of individual returns are for afiscal year other than the calendar year. Thus there are included withthe returns for the calendar year 1931, returns with fiscal year endingwithin the period July 1, 1931, to June 30, 1932, and fractional (partyear) returns for which the greater part of the period falls in 1931.Returns with income falling in the calendar year 1932 are filed underthe provisions of the Revenue Act of 1932 as well as that of 1928.

The general tables therefore include calendar, fiscal, and frac-tional (part year) returns, except when otherwise specified. Thegeneral tables for corporations include all returns, those showing netincome as well as those showing no net income.

The general tables for individuals include only returns showingnet income. The data tabulated from returns with no net incomeare shown on pages 19, 125. Prior to 1928 no tabulations were madefrom returns with no net income. The Revenue Act of 1921 andsubsequent acts provide that a return be filed, irrespective of theamount of net income (or deficit), by every individual, if single orif married and not living with husband or wife, having a gross incomeof $5,000 and over, and every married couple living together havingan aggregate gross income of $5,000 and over. Moreover, returnsshowing net income below the minimum provided by the revenueacts are frequently filed by married couples who elect to file separatereturns as provided by law; also as part year returns filed in the caseof the death of the taxpayer and covering the income period to thedate of death, and in cases where the taxpayer elects to change theaccounting period.

1


1 STATISTICS OF INCOME

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 sta-tistical 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 approximately133,000), represent estimates based on samples of such returns.Averages for the various items from a sample for each State areapplied to the total number of returns of the class which they repre-sent to secure estimates for the particular State. The samples areselected from both forms on which individual incomes are reported—form 1040 for net income from salaries or wages of more than $5,000,or income regardless of amount from business, profession, rents, orsale of property, and form 1040-A for net income of not more than$5,000, derived chiefly from salaries and wages. All 1040 returns aresent to Washington for audit, and those with net income under $5,000are sampled by the statistical section. The 1040-A returns areaudited in the collection districts, and samples only are sent toWashington.

The sample for 1931 included approximately 214,000 returns onform 1040, and 200,000 on form 1040-A, representing for each collec-tion district not less than 10 percent of the number of each formof return with net income under $5,000, distributed approximatelyequally between taxable and nontaxable returns. The specifiedminimum for the 1040 returns was 4,000 wherever the number filedexceeded that figure, and for 1040-A's the minimum was 2,000 whereverthe number 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.

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 basedon collectors' reports. (See 1929 Statistics of Income, p. 2.)

Certain basic tables heretofore included in the Statistics of Incomehave been omitted. However, the data, if available, may be obtainedfrom the Bureau of Internal Revenue upon request. In certain textand basic tables the amounts in dollars are expressed in thousands.In every case where this rounding occurs it is clearly indicated in thesubtitle 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 gainfrom sale of assets held more than 2 years. Credits allowed indi-viduals, such as personal exemption, credit for dependents, net loss


STATISTICS OF INCOME d

for prior year, and net loss from the sale of capital assets held morethan 2 years which is reported for tax credit, are not included indeductions; neither is the special credit of $3,000 for domestic corpo-rations having net income of $25,000 or less nor net loss for prior yearincluded in deductions in arriving at net income of corporations.

Gross income and deductions shown in the corporation tablescorrespond to the total income and total deductions reported on theface of the return plus the cost of goods sold.

The amount of income-tax liability returned for 1931, shown in thetabulations in this volume, is not entirely comparable with theamount of taxes collected during the calendar year 1932. Severalfactors are responsible for this discrepancy, among which are thefollowing:

1. The amount of tax originally reported on 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 from theoriginal returns for the Statistics of Income. These adjustmentsmay result in additional assessments, thereby increasing the taxliability, or in certificates of overassessments, thereby decreasing thetax liability. An amended return has the same effect as an adjustment.

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 RevenueAct of 1928 with respect to income returned for 1930 and 1931 andas limited by section 131 (b) of the Revenue Act of 1932 with respectto income for 1932. The amount of tax taken as credit under thisprovision of law has not been deducted from the amount of tax lia-bility shown in the tabulations. The aggregate amount of incomeand profits taxes paid to foreign governments or possessions of theUnited States taken as a credit by corporations is, however, shownon page 26. Similar figures for individual returns are availableonly for the years 1925 to 1930, inclusive, and appear on page 9 ofthe Statistics of Income for 1930. Individual income taxes paid atthe source on tax-free covenant bonds are deductible from incometaxes payable by individuals but are not deducted in the income-taxliability of individual returns shown herein. However, all collectionsrepresenting income tax paid at source on tax-free covenant bondsare classified with the corporation income-tax collections, due to thetax being assessed against the debtor corporations notwithstandingthe fact that 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 1932 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 1932, collections were made of part or all of thetaxes in returns for fiscal years ended from January 31, 1931 (the lastquarterly installment payment on which was due on or before Jan. 15,1932), to September 30, 1932 (the filing of returns and the full pay-ment or first installment payment on which was due on or beforeDec. 15, 1932), whereas, as previously indicated, there are excludedfrom these statistics the returns for fiscal years ending prior to July1, 1931, and subsequent to June 30, 1932.



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 1931.

Industrial classification.—The industrial classification is basedon the predominant business of nonaffiliated corporations or of groupsof affiliated 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 diversifiedindustrial activities of many corporations and especially to affiliatedcorporations filing consolidated returns, which latter include the in-come and deductions of the subsidiary or affiliated corporations. Ifsuch affiliated corporations could be classified independently of theconsolidated returns, many would fall in industrial divisions otherthan the 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 reportedby an individual or corporation in one State may have been derivedfrom sources in other States. An individual files his income-taxreturn in the collection district in which his legal residence or principalplace of business is located, and a corporation files its income-taxreturn in the collection district in which its principal place of businessor the principal office or agency is situated, excepting closely affiliatedconcerns filing a consolidated return. In the latter case the con-solidated return is frequently filed in a State other than the State inwhich the principal place of business or principal office or agency ofthe subsidiaries is located.

INDIVIDUAL INCOME-TAX RETURNS

The number of returns of individuals for 1931 was 3,225,924, ofwhich 1,525,546 were taxable and 1,700,378 nontaxable. The aggre-gate net income was $13,604,996,128; the net income on taxablereturns was $9,297,017,593, on which the tax liability was $246,127,-277. As compared with the returns for the previous year, the totalnumber for 1931 decreased by 481,585, or 12.99 percent. The aver-age net income for 1931 was $4,217.40 for all returns and $6,094.22 fortaxable returns, the average amount of tax liability was $76.30 for allreturns and $161.34 for taxable returns, and the average tax ratewas 1.81 percent for all returns and 2.65 percent for taxable returns.For the preceding year the average net income was $4,887.01 for allreturns and $6,719.81 for taxable returns, the average tax liabilitywas $128.58 for all returns, and $233.96 for taxable returns, and theaverage tax rate was 2.63 percent for all returns and 3.48 percent fortaxable returns. The ratio of the number of returns filed to thetotal population (Census Bureau estimate of population as of July 1,1931) is 2.59 percent, as compared with a corresponding ratio for thepreceding year of 3.01 percent.


STATISTICS OF INCOME 0

The distribution of returns of individuals by States and Territoriesis given in basic table 1, page 59, and by net income classes in basictable 2, pages 60-61. Each of these tables shows number of returns,net income, and tax.SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER

OF 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 62-64, a similar distribution of thenumber of returns, net income, and tax is shown by a more detailednet-income classification.

Simple and cumulative distribution of individual returns for 1931, by net incomeclasses, showing number of returns, net income, tax, and percentages l

Net income classes

(Thousands of dollars)

Under 1 (estimated).1-2 (estimated)2-3 (estimated)3-5 (estimated)5-1010-25...25-50...50-100100-150150-300300-500500-1,0001,000 and over

Total- . 3,225,924

Returns

Simple distribution

Number Per cent

185,391862,153675,019912, 630417,655137, 75424,3087,8301,6341,05626814977

5.7526.7220.9228.2912.954.27.75.24.05.03.01.01.01

Cumulative distribu-tion from highestincome class

Number

3,225,9243,040, 5332,178,3801, 503, 361

590,731173,076

35, 32211,0143,1841,550

49422677

Percent

100.0094.2567.5346.6118. 325.371.10.35.11.06.03.02.01

Cumulative distribu-tion from lowestincome class

Number

185,3911,047, 5441, 722, 5632, 635,1933,052,8483,190, 6023,214,9103, 222,7403, 224, 3743, 225, 4303, 225, 6983,225,8473, 225, 924

Percent

5.7532.4753.3981.6894.6398.9099.6599.8999.9499.9799.9899.99

100.00

Net income classes


Net income

Simple distribution

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)5-10 _.10-2525-50 . . -50-100100-150. - .150-300300-500500-1,0001,000 and over

Total._

$106,621,8921, 399,430, 2571, 641, 594,4353, 515, 716,3612,807,001,3902,006, 720,536

820,647, 972528,049,139196, 598, 339212,058,948102,186, 286102, 310,704166,059,869

0.7810.2912.0725.8420.6314.756.033.881.451.56.75.75

1.22

$13,604,13, 498,12, 098,10, 457,6, 941,4,134,2,127,1, 307,779,582,370,268,166,

996,128374, 236943,979349, 544633,183631,793911, 257263, 285214,146615,807556,859370, 573059,869

100. 0099.2288.9376.8651.0230.3915.649.615.734.282.721.971.22

$106,621,8921, 506,052,1493,147,646, 5846, 663,362,9459,470,364, 33511,477,084,87112, 297, 732,84312,825,781,98213,022, 380,32113, 234,439,26913, 336,625, 55513,438,936,25913, 604, 996,128

0.7811.0723.14

69.6184.3690.3994.2795.7297.2898.0398.78100.00

13,604,996,128 100. 00

1 For general explanations, see pp. 1-4.



Simple and cumulative distribution of individual returns for 1931, by net incomeclasses, showing number of returns, net income, tax, and percentages—Contd.

Net income classes


Under 1 (estimated)1-2 (estimated)2-3 (estimated)3-5 (estimated)5-1010-25 „ _ . . -25-5050-100100-150150-300300-500 . .500-1,0001,000 and over

Total

Tax

Simple distribution

Amount

$23,641943,098

2, 466, 2483,831,861

12,407, 38231,897,19140,095, 61244,779,94623,135,25428, 793,19315,411,18215,456,94626, 885, 723

246,127, 277

Percent

0.01.38

1.001.565.04

12.9616.2918.209.40

11.706.266.28

10.92

100.00

Cumulative distribu-tion from highest in-come class

Amount

$246,127, 277246,103, 636245,160,538242, 694, 290238,862,429226, 455,047194, 557,8561.54,462, 244109,682, 298

86, 547,04457, 753,85142,342, 66926,885, 723

Percent

100.0099.9999.6198.6197.0592.0179.0562.7644.5635.1623.4617.2010.92

Cumulative distribu-tion from lowest in-come class

Amount

$23,641966,739

3,432,9877,264,848

19, 672,23051,569,42191, 665,033

136,444,979159, 580,233188,373,426203,784,608219, 241,554246,127, 277

Percent

0.01.39

1.392.957.99

20.9537.2455.4464.8476.5482.8089.08

100.00

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 relationshipof the taxpayer. In basic tables 4 and 5 (pp. 65-68) similar dataare shown by States and Territories and by net income classes,respectively.

Individual returns for 1931 by sex and family relationship of taxpayer, showingnumber of returns, net income, and percentages 1

ReturnsFamily relationship

Number Percent

Net income

Amount Percent

Joint returns of husbands and wives, with or withoutdependent children, and the returns of husbands whosewives, though living with them, file separate returns-.

Wives filing separate returns from husbandsSingle men, heads of familiesSingle women, heads of familiesSingle men, not heads of familiesSingle women, not heads of familiesCommunity property income 2

Total

1,646, 523237,157104, 649709, 951415,06188, 23824, 345

51.047.353.24

22.0112.872.74.75

$8,210,345,006782, 865, 305363,808,708

1,961,086, 5041, 402, 237,112591, 613,056293,040,437

60.355.762.67

14.4110.314.352.15

3, 225,924 100. 00 13, 604,996,128 100.00

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. 1-4.

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 included underthis heading are classified either under joint returns of husbands and wives, etc., or wives filing separatereturns from husbands.

N E T INCOME E X E M P T 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 exempt


STATISTICS OF INCOME

from 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 19311

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 dependentsDividends on stock of domestic corporations .Interest on Government obligations not wholly exempt from tax

Capital net sain from sale of assets held more than 2 years $169,949, 286Less loss in ordinary net income and net loss for prior year,

deductible from capital net gain 14,565,046

Net income offset by net loss for prior year.._

Net income not subject to normal tax .

Net income subject to normal tax _

Amount

$13, 604,996,128

9,682,141,0422, 276, 601, 772

7,405, 539, 2703,113,860,788

25, 325,090

155,384. 24043, 754, 089

10,743,863,477

2, 861,132,651

Percent

100.00

54.4322.89

.19

1.14.32

78.97

21.03

] For general explanations, see pp. 1-4.

CAPITAL N E T GAINS AND LOSSES (INDIVIDUAL RETURNS)

The special provisions in the revenue acts for capital net gainsand losses from the sale of assets held more than 2 years apply, forcapital net gain, to sales after December 31, 1921, and for capitalnet losses, to sales after December 31, 1923.

Under the Revenue Act of 1921 and subsequent acts, capital netgains as defined in the revenue acts from the sale of assets held morethan 2 years may, at the option of the taxpayer, be reported separatelyand taxed at \2}{ percent in lieu of the normal tax and surtax ratesotherwise applicable. The income tax of the individual in suchcases is the sum of 12% percent of the capital net gains plus thetax on the net income from other sources, termed " ordinary netincome/7 computed according to the provisions of the respectiverevenue acts.

The capital net gains and the tax at 12}£ percent of such gainsreported for 1922 and following years appear on pages 38 and 42-44,respectively, of this report. In order that the amounts shown as "netincome" and "total income" in the Statistics of Income for 1922and subsequent years be made comparable with earlier years, it isnecessary that "net income" and "total income" be increased bythe amount of such gains. These adjustments have been made in theStatistics 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 2 years by one of two methodswhichever will produce the larger tax. These two methods are (1)the tax on the net income from other sources, termed "ordinary netincome", computed according to the provisions of the respectiverevenue acts, less 12% percent of the capital net loss, and (2) thetax on the net income computed without regard for the specialprovisions for capital net losses.

The tax credit of 12K percent on capital net losses for 1924 andfollowing years appears on page 38. Under the Revenue Acts of



1918 and 1921 such losses are deducted in arriving at net income.Under the Revenue Acts of 1916 and 1917 losses sustained in trans-actions entered into for profit but not connected with business ortrade are deductible to the extent of the aggregate income from suchtransactions. In order that the amounts shown as "net income"and " deductions " in the Statistics of Income for 1924 and subsequentyears be made comparable with the amounts shown in Statistics ofIncome for 1918 to 1923, inclusive, it is necessary that "net income"be reduced by, and "deductions" be increased by, the amount ofsuch losses. These adjustments have not been^ made in the "netincome" and "deductions" shown in the Statistics of Income forthese 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 net gain,the amount of such excess shall next be applied against the capitalnet gain for such year, and if this excess is larger than the capital netgain for such year, the balance is similarly allowed as a deduction incomputing the ordinary net income and the capital net gain the nextsucceeding taxable year. See section 117 of the Revenue Act of 1928.

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 1931, inclusive,and taken as a deduction in computing ordinary net income andcapital net gain is given below:

Year— Amount1922 $45,220,8591923 34, 266, 1491924 29, 869, 1821925 32, 321, 3101926 27, 411, 767

Year— Amount1927 $37,054,7851928 33, 616, 4751929 28, 909, 2751930 39, 920, 7111931 43, 754, 089

CREDIT OF 25 PERCENT OF /TAX ON EARNED NET INCOME (INDIVIDUALRETURNS)

The credit of 25 percent of the tax on earned net income appliesto the tax on the first $5,000 of net income and, if specifically earned,to the tax on an amount not exceeding $10,000 under the RevenueAct of 1924, applicable to returns for 1924, and to an amount notexceeding $20,000 under the Revenue Act of 1926, applicable toreturns for 1925 to 1927, and to an amount not exceeding $30,000under the Revenue Act of 1928, applicable to returns for 1928 to 1931,inclusive.



Earned net income-tax credit, reported on returns for the years1924 to 1931, inclusive, is shown below:

Year— Amount1924 $30,637,4631925 24, 570, 1831926 24, 646, 9931927 24, 915, 315

Year— Amount1928 $34,789,6901929 22, 062, 4921930 24, 886, 3441931 17, 490, 530

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. 214.) Net losses reported in the sched-ules are transferred in tabulation to deductions, which also includeamounts reported on the return under "Deductions7' from totalincome.

Income from partnerships and fiduciaries does not include amountsreceived through these entities from capital net gain from sale ofassets held more than 2 years, dividends on stock of domestic corpo-rations, or taxable interest on obligations of the United States, sincethese items are reported under their respective classifications.Amounts shown in earlier reports as "Interest and other income"are segregated into "Interest other than tax-exempt" and "Otherincome."

Sources of income and deductions in individual returns for 1931, amounts andpercentages 1

Sources of income and deductions

Income:Wages and salariesBusinessPartnershipProfit from sale of real estate, stocks, bonds, etc., other than taxed as capi-

tal 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 taxDividends 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 2 years. _.Net loss from business and partnershipContributionsAll other

Total deductions

Net income

Amount

$8, 325,161,9641,889,758,776

729, 523,465

301, 664, 293169, 949, 286770,764,16625, 325,090

3,113,860,788369,140,461

1, 337, 606,246235,695,970

17,268,450, 505

1,160, 764,725134, 685,066328,299,881

2, 039, 704,705

3, 663,454,377

13,604, 996,128

Percent

48.2110.944.22

1.75.99

4.46.15

18.032.147.751.36

100. 00

6.72.78

1.9011.81

21.21

78.79

1 For general explanations, see pp. 1-4.

The following table shows, by net income classes, the distributionof the total income by sources. * The distribution by States and Ter-ritories and by a larger number of net income classes is shown in



basic tables 6 and 7, respectively (pp. 69-72), except that "Interestother than tax exempt" and "Other income" are combined as "In-terest and other income."

Sources of income and deductions, individual returns for 1931, by net incomeclasses 1

Net income classes


Wages andsalaries Business Partnership

Reported fortax on capi-

tal net gain2

Profit from sale of real es-tate, stocks, bonds, etc.

All other

Under 5 (est.).5-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over

T o t a l . . ,

$5,005,133, 7831,810,439,300

983, 667,027282,046,473140,921,85540,477,75434,461,25015,614,2307,443,6454,956, 647

$1,123,028,997432,350,048230,186,46860,953,96127,222,2306, 553,9425,692,4352,126, 5611, 531, 427

112, 707

$237,376, 253180,158,115159,396,11969, 227,86947,194,95513,769,87416,611,9623,185, 7992, 602,395

124

$4,336,75125, 004,21219,052,71134,356,01823,215, 38424,640,03839,344,172

$105,090,10654,798,46872,346,16639,388, 53712,724, 5974,043, 5585,445,7292,930,8032,031,8382,864,491

8,325,161, 964 1,889, 758,776 729, 523,465 169, 949, 286 301,664,293

Net income classes


Rents androyalties

Interest onGovernmentobligationsnot wholly

exemptfrom tax

Dividends onstock of do-

mestic corpo-rations

FiduciaryInterest other

than tax-exempt

Under 5 (est.)5-1010-2525-5050-100100-150150-300300-500500-1,0001,000 and over

T o t a l . . .

$464,427,828139, 699, 50099, 367, 55135, 055, 37917,601, 3414,489,4035,001,8783, 413,9231,397, 409

309,954

$12, 433, 5476,503,2683,610,2851,202,732

677,119377,043304, 031217,065

$530,186, 744485,754,872715,011,733413,903,103338,381,304147,021,320169,105,40780,440, 23690,902,097

143,153, 972

$88,513, 51076, 448, 587

100,372,82453,425, 78830,940,0616, 501,2865,604,3212,351,6453,239, 5401,742,899

$588,261, 651277, 518,935257,807, 634102,129,00859,758,82117,371,76816,383, 6125, 326,7325, 357,0467, 691,039

770, 764,166 25, 325, 090 3,113,860,788 369,140,461 1,337, 606,246

Net income classes

(Thousands of dollars)Other income Total income

Net loss fromsale of real es-tate, stocks,bonds, etc.,

other than re-ported for taxcredit on capi-tal net loss2

Net lossfrom busi-ness and

partnership

Contribu-tions

Under 5 (est.)5-10- __-10-2525-50 . —50-100100-150.150-300300-500500-1,0001,000 and over

T o t a l . . .

$114,850,59445, 594,19533, 638, 57714,733, 69812,332,3573,628,8654,920,9791,190, 3571,896, 508

. 2, 909,840

$8, 256,869,4663, 502, 762, 0202,664, 227,6461,081,703,835

715,692,018264,113,213298,260, 710140,172, 713141,345,974203,302,910

$347, 261, 830215, 720,450282, 822, 485108, 698,14384, 675, 49129, 330, 34246,976,16117, 328, 68816, 527, 25811, 423, 877

$62, 560, 07319,193, 78722, 370,46710,801,8418,997,5233,422,3522, 583,8611,435, 9581,731, 5791, 587,625

$125,320, 89863,445,81254,367,14825,800,49319, 553,0638,662,9949,489, 2295,175, 3026,118, 567

10,366, 375

235, 695, 970 17, 268,450, 505 1,160, 764, 725 134,685,066 328,299, 881

1 For general explanations, see pp. 1-4.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See

p. 7.)



Sources of income and deductions, individual returns for 1981, by net incomeclasses—Continued

Net income classes

(Thousands of dollars)All other

deductionsTotal deduc-

tions Net income

Under 5 (est.)5-1010-2525-5050-100.100-150150-300300-500500-1,0001,000 and over

T o t a l . . .

$1, 058, 363, 720397,400, 581297, 947,010115, 755, 38674,416,80226,099,18627,152, 51114,046,47914, 657,86613,865,164

$1, 593, 506, 521695, 760, 630657, 507,110261,055,863187, 642,87967, 514,87486,201, 76237, 986,42739,035,27037, 243,041

$6,663, 362,9452,807,001, 3902,006, 720, 536

820, 647,972528,049,139196, 598,339212, 058,948102,186,286102, 310, 704166,059,869

2, 039, 704,705 3, 663,454, 377 13, 604,996,128

Percentage distribution of sources of income and deductions, individual returns for1981, by net income classes 1

Net income classes


Under 5 (est.)5-1010-2525-50 -50-100100-150150-300300-500500-1,0001,000 and over

Total

Net income classes


Under 5 (est)5-1010-2525-5050-100100-150150-300 -300-500500-1 0001,000 and over . . .

Total

Wagesand

salaries

60.6251.6936.9226.0719.6915.3311.5511.145.272.44

48.21

Divi-dends onstock of

domesticcorpora-

tions

6.4213.8726.8438.2747.2855.6756.6957.3864.3170.41

18.03

Business

13. 6012. 348.645.633.802.481.911.521.08.06

10. 94

|

Fiduci-ary

1.072.183.774.944.322.461.881.682.29

.86

2.14

Partner-ship

2.875 145.986.406.595.215.572.271.84

4.23

Interestother

than tax-exempt

7.137.939.679.448.356.585.493.803.793.78

7.75

Profit from sale ofreal estate, stocks,

bonds, etc.

Reportedfor tax on

capitalnet gain2

All other

11.2756

| 2.720.403.507.21

11. 52161719

.56

.43

3.641.781.531.8321

.35 I 1

.98

Otherincome

1.391.301.261 371.721.371.65.85

1.341.43

1.36

.09

.44

.41

1.75

Totalincome

100.00100.00100.00100.00100.00100.00100. 00100. 00100.00100.00

100. 00

Rentsand

royalties

5.633.993.733.242.461.701.682.44.99.15

4.46

Net loss fromsale of real

estate, stocks,bonds, etc.,other thanreported for

tax crediton capitalnet loss 2

4.216.16

10.6210.0511.8311.1115.7512.3611.695.62

6.72

Intereston Gov-ernmentobliga-

tions notwhollyexemptfrom tax

0.47.60.51.46.23.27.22.11

.15

Net lossfrom

businessand

partner-ship

0.76.55.84

1.001.261.30.87

1.031.23

.78

.78

1 For general explanations, see pp. 1-4.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See

P. 7.)

177160—34 2



Percentage distribution of sources of income and deductions, individual returns for1931, by net income classes—Continued

Net income classes

(Thousands of dollars)Contri-butions

All otherdeduc-tions

Total de-ductions

Netincome

Under5(est.).5-1010-2525-5050-100..100-150150-300300-500.500-1,0001,000 and over.

Total . . .

1.521.812.042.392.733.283.183.694.335.10

12.8111.3411.1810.7010.409.889.10

10.0210.376.82

1.90 11.81

19.3019.8624.6824.1426.2225.5728.9027.1027.6218.32

21.21

80.7080.1475.3275.8673.7874.4371.1072.9072.3881.68

78.79

FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUC-TIONS, RETURNS OF NET 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, and as item 6 income from an estate or trust, except that the share of (a)capital net gain or loss computed as provided in instruction 8a shall be reportedin schedule D, (6) taxable interest on obligations of the United States shall beincluded in schedule E, and (c) profits which consisted of dividends on stock ofdomestic corporations shall be included in item 10, on the return.


STATISTICS OP INCOME 13

Frequency distribution by size of certain items of income and deduction, individualreturns for 1931 of net income of $5,000 and over, showing the number of timesthe item occurs and the total income and deduction

Size of specific income and de-duction


Under 0 10 1-0 20.2-0.30 3-0 40 4-0.5 . -0 5-11-22-3 . . .3-44-55-1010-1515-2020-2525-3030-4040-5050-7575-100100-250 _ . . .250-500500-1,0001,000 and over-

Total

Salaries, commissions,etc.

Numberof times

itemoccurs

3,4122,7532,0691,7871,3655,999

11, 74913,19016,99823, 535

216,04749,76117,4608,0004,3294,0551,7021,682

535489

4614

2

386,979

Amount

$161,309383, 203496, 769602, 593603,957

4,287,35017,234, 57832, 626,60159,117, 391

106,686, 9531,473,977, 593

586, 583, 523294,222,040176,174,611116,169,094136,968,78675, 282,47398, 741,37445, 244, 59266,762 00815,766,7669, 519, 5152,415,102

3,320,028,181

Business

Numberof times

itemoccurs

1,3161,179

994808715

3,1844,9814,8825,2346,843

48,25211,2343,7021,646

920878384370129117

101

97,779

Amount

$62, 227169, 577243,828274,174317,844

2, 345,4877, 332,486

12,207, 21718,404, 89930,956,343

333, 741,877134, 649, 835

63, 273,21036,497,95125,091, 34030,074,06217, 247,01421,992,14611,068,83316, 347,163

3, 809, 565622, 701

766, 729, 779

Dividends on stock ofdomestic corporations

Numberof times

itemoccurs

40,77327,09519,38815,67312,84943,93448,13529, 33621,06015,93245, 97018,0749,2405,6643.7074,4542,6593,1591,5081,946

44520193

371, 295

Amount

$1,905,8013,989,9854, 741,0865, 394, 8105, 731, 459

31,794,07869,347,46672,137, 58172,941,32571,345,858

322,937,169219, 552,852159,106, 220126, 378,046101,165,081153, 272, 025117, 984, 232188,812, 306125, 969, 401281,191, 514143, 065, 890111,307,033193, 602, 826

2,583,674,044



Frequency distribution by size of certain items of income and deduction, individualreturns for 1981 of net income of $5,000 and over, showing the nambcr of timesthe item occurs and the total income and deduction—Continued

Size of specific income anddeduction


Under 0 10.1-0.2.0 2-0 30.3-0 40 4-0.50.5-1 .1-22-33-4 . .4-55-1010-15 . .15-2020-2525-30 _ .30-4040-5050-7575-100 . .100-250250-500 . . .500-1,0001,000 and over. .

Total

Rents and royalties

Numberof times

itemoccurs

14,91812, 2459,8948,4196,752

19.91016. 8478 5655,4163 729

10,1473, 2171,281

665395351153176

55436

1

123,185

Amount

$733,1261, 777, 8052. 428, 6562, 896, 3553, 013, 584

14,161,49723, 911, 35220, 945, 25118, 691, 22716. 690,10570, 880, 41039, 043, 56921, 959. 91814. 682, 22010. 809, 08612,022, 7116. 849, 404

10, 294, 4364, 533, 9056,172, 3511,871,016

1, 968, 354

306, 336. 338

Size of specific income and deduction


Under 0.1

0.2-0 30.3-0.40.4-0.5. .0.5-1.1-22-3 . .3-4 . .4-55-1010-1515-2020-2525-30 - .30-4040-50 - -50-7575-100100-250250-500500-1,0001,000 and over _ -

Total

Profit from sale ofreal estate, stocks,bonds, etc., otherthan taxed as capi-tal net gain fromsale of assets heldmore than 2 years

Numberof times

itemoccurs

10,8646,7584,7763, 5132,6908,3377,4033, 7282, 5521,9175,5271,987

9255143453381611264644224

Amount

$491,002970,197

1.167, 9201, 212, 3801,199, 9285. 957,182

10, 548,4659.117, 8338, 829, 0638, 558, 340

38, 865, 70824,124, 87515. 915. 78911, 467,1399, 399, 416

11, 625. 7277.119, 0577, 475. 0754. 014,1946.621.1747. 739. 2402 539 733

1 i 1,614,750

62, 578 196, 574,187

Capital net gain fromsale of assets heldmore than 2 years

Numberof times

itemoccurs

14194828063

25531016711382

26115611080739296

193114229673923

2,920

Amount

$6, 65313, 37720, 23727, 78928,350

184, 309447, 066412, 846386, 944367, 403

1,858. 8451,920, 7531,907, 9511, 765, 5181, 988,1043,169, 3654, 286, 212

11, 747,8949,941, 369

35, 356,94623, 247, 94726, 553, 59144, 309, 817

169, 949, 286

Net loss from sale ofreal estate, stocks,bonds, etc., otherthan reported fortax credit on capitalnet loss from saleof assets held morethan 2 years

Numberof times

itemoccurs

4, 8563,5493,2862,7662,678

10, 44914,1519,0326,4275,068

14,1586,4323.5892,2751,4891,853

9821,080

4755541143117

95, 311

Amount

$220, 746522, 597806, 061958,105

1,197, 4727, 577, 702

20, 509. 83523,136, 72322, 337, 28522, 657, 494

101, 052, 39378, 686, 27562. 095, 43750, 874, 58540, 420, 53463, 894, 82943. 759.11765,141, 47440, 657, 45779,150, 65438, 812, 45120, 574, 27628, 459, 393

813, 502, 895

Capital net loss fromsale of assets heldmore than 2 years

Numberof times

itemoccurs

9873605759

222317241198204754552389285268419282411230365

722017

5,593

Amount

$4, 83810,39414, 73819, 71526, 404

163, 214465,154602, 484692, 742909,441

5, 507, 4706, 844, 6306, 768, 8656, 361, 7367, 405, 097

14. 576, 59312, 505, 25125,126. 74719, 869, 42654, 769, 89023, 519, 28615,106, 75038,604, 779

239, 875, 644


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) re-ported in returns, form 1040, of net income of $5,000 and over isclassified below according to the nature of the business. These datarepresent only such amounts reported by individuals as were derivedfrom business operations conducted as sole proprietors, and do notnecessarily indicate the principal occupation of or the total incomereported by the individual making the return. Business profitsreported on returns, form 1040, showing net income of less than$5,000 are not included. The sample of these returns on which theStatistics of Income estimates are based is not considered sufficientlycomprehensive for these detailed figures concerning net profit frombusiness.

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 fireor storm, bad debts arising from sales, depreciation, obsolescenceand depletion, 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 1931 of net income of $5,000and over; also grand totals for prior years

Industrial groupsNumberof busi-nesses

3,213550

1,37126

8256430

26065

950198164553488

4,934

3,5041,258

20,62552,900

5,9814,814

97, 779154,640228,475220 159212, 919218,148203 576

0)( i )

ft0)

Percent

3.29.56

1.40.03.84.07.03.20.07.97.20.17.57.50

5.05

3.581.29

21.0954.10

6.124.92

100.00

Net profit frombusiness

$14,572,7905,340,250

11,238,169264,690

7,864,462738,630434,951

1, 667,730671, 290

8, 046,9472,180, 5081,356,4884,398, 8624,346, 289

43, 209,016

34,138, 2859,804, 092

136, 336,821440,496,654

52, 432, 22630,399, 645

766,729, 7791, 215,452,1521,836,328, 5301,772,255 1111,704,175,2671,738,522,8441, 623,638, 2981, 290, 721, 7561,059, 472,7211, 012,439,906

816, 040, 0351,39S, 069, 227

Percent

1.90.70

1.47.03

1.02.10.06.22.09

1.05.28.18.57.57

5.64

4.451.28

17.7857.45

6.843.96

100.00

Agriculture and related industriesMining and quarryingManufacturing:

Food products, including beveragesTobacco productsTextiles and their products.Leather and its manufacturesRubber productsForest productsPaper, pulp, and productsPrinting, publishing, and allied industriesChemicals and allied productsStone, clay, and glass productsMetal and its productsManufacturing not elsewhere classified

Total manufacturing

ConstructionTransportation and other public utilitiesTradeService—professional, amusements, hotels, etcFinance—banking, insurance, real estate, stock and bond

brokers, etcNature of business not given

Grand total, 193119301929192819271926 _192519241923192219211920

1 Not available.



TAXES PAID OTHER THAN FEDERAL INCOME TAX AND INTEREST PAID,RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)

In basic tables 8 and 8A, pages 73-74,, taxes paid other thanFederal income tax or that amount of the income and profits taxespaid foreign countries or possessions of the United States allowed asa deduction, and interest paid as reported in the returns of netincome of $5,000 and over, are distributed by States and Territoriesand by net income classes, respectively. The amounts are shownseparately as reported in business deductions in Schedule A, Incomefrom Business or Profession, and in deductions from total income.Taxes paid other than Federal income tax are reported under " De-ductions7' in the individual income-tax return (item 14 on form 1040)in accordance with the following instructions:

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 akind tending to increase the value of the property assessed. Do not includeFederal income taxes, taxes imposed upon your interest as shareholder of a cor-poration which are paid by the corporation without reimbursement from you, norincome taxes claimed as a credit in item 54.

Taxes paid on business property or for carrying on business as re-ported 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 1040-F,Schedule of Farm Income and Expenses.

Interest paid is reported under " Deductions" in the individualincome-tax returns (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 schedules A or B).Do not include interest on indebtedness incurred to purchase or carry obligationsor securities, the interest upon which is wholly exempt from taxation.

Interest paid on business indebtedness to others is reported underbusiness deductions in item 11, Schedule A, Income from Businessor Profession, in accordance with the following instructions:

Enter on line 11, interest on business indebtedness. Do not include interestto yourself on capital invested in or advanced to the business.

The taxes paid, other than Federal income tax and certain incometaxes paid foreign countries, and interest paid, reported on returnsof net income under $5,000, are not included, as the sample of thereturns is not considered sufficiently comprehensive to determinethese items accurately.

Below are shown, for the years for which the data are available,the aggregates of taxes paid other than Federal income-tax andcertain income taxes paid foreign countries, and the interest paid asreported on returns of net income of $5,000 and over:



Taxes paid other than Federal income tax and interest paid, individual returnsfor 1927 to 1931 of net income of $5,000 and over

Year

19271928192919301931

Taxes paid other than Federal incometaxi

Total

$485, 969, 727527, 893, 669532, 798, 878444, 577, 395312, 477, 684

Reported indeductionsfrom total

income

$440, 973, 832475,422,144479, 099, 835407, 996, 443294,165, 390

Reported inbusiness

deductions

$44, 995, 89552, 471, 52553, 699, 04336, 580, 95218, 312, 294

Interest paid

Total

$940,615,916958, 958, 653615, 864, 209393, 086,138


income

$866,057, 874886,187, 377574, 629,633373, 602, 771

Reported inbusiness

deductions

$74, 558,04272, 771, 27641, 234,57619,483, 367

1 Excludes also certain income tax paid foreign countries.

WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOMEOF $5,000 AND OVER (INDIVIDUAL RETURNS)

Wholly tax-exempt obligations include those the interest on whichis wholly exempt from the normal income tax and the surtax of theFederal Government. Partially tax-exempt obligations are thosethe interest on which is exempt from the normal tax of the FederalGovernment and in certain issues the interest on the principal up to$5,000 is exempt from surtax. During the calendar year 1931 thewholly tax-exempt obligations of the Federal Government on whichinterest was paid included bonds issued on or before September 1,1917, First Liberty 3% percent bonds, Treasury certificates of indebt-edness, and Treasury bills; and the partially tax-exempt obligationsof the Federal Government were Liberty 4 and 04 percent bonds,Treasury notes, and all Treasury bonds.

The following tabulation shows the wholly and partially tax-ex-empt 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 theyear, the amount of bonds reported may include bonds for whichno interest was received or accrued, and, vice versa, the interestreported may include interest on bonds which are not included? inthe amount of bonds reported.



Wholly and partially tax-exempt obligations reported in individual returns for 1931of net income of $5,000 and over, showing amounts owned and interest received,by nature of obligation and by net income classes

Net income classes

(Thousands ofdollars)

5-66-77-88-99-10 . . .10-1111-1212-13 _13-1414-1515-20. _20-2525-30 _ .30-4040-50 _ .50-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over. . .

Total

Amount owned

Total

$118, 666, 574111, 714, 77699, 459, 74789,117, 07194, 839, 94095, 951, 26776,169, 50093, 325, 75369, 304, 51371, 767, 437

281, 391,122279, 383, 239194, 514, 539306, 875, 945225, 528, 302189, 484, 774167,391,104131, 286, 588118,173,538108, 659, 377342, 555, 998162, 280, 63894, 423, 43767, 910. 55074, 662, 64376, 461, 664

188, 864, 46661, 480, 82349, 234, 30452, 572, 35361,107, 56216,315, 900

4, 170, 875, 444

Obligations ofStates and

Territories orpolitical sub-

divisionsthereof

$48, 527, 29851, 407, 75142, 462, 93039, 734. 72747, 778, 02350,194, 57936, 535, 72252, 337, 02837, 516, 26033, 307, 630

158, 674, 939156, 438, 078117,768,032203, 051, 508146. 592, 378127,141, 238118, 945, 70093, 469, 40893, 493, 53775, 375, 648

253, 951, 304123, 398,18062, 976, 54249, 458, 89048, 013, 77052, 762, 889

149,186, 57049, 203,17123, 812, 30441, 780, 35346, 234, 81815,635,600

2, 647,166, 805

Obligations ofthe UnitedStates l and

its possessionsand securitiesissued underthe FederalFarm Loan

Act

$70,139. 27660, 307, 02556, 996, 81749, 382, 34447, 061, 91745, 756, 68839, 633, 77840, 988, 72531, 788, 25338, 459, 807

122, 716,183122, 945,16176, 746, 507

103, 824, 43778, 935, 92462, 343, 53648, 445, 40437, 817,18024, 680, 00133, 283, 72988, 604, 69438, 882, 45831, 446, 89518,451, 66026, 648, 87323, 698, 77539, 677, 89612, 277, 65225, 422, 00010, 792, 00014, 872, 744

680, 300

1, 523, 708, 639

Interest received

Total

$6,422, 7285, 626, 9985, 414,4314, 991, 8795, 033, 6854, 589, 6463, 926, 9324, 906, 6514,138, 3683, 240, 423

15, 659, 85815, 788, 79610, 224, 67119, 294, 00411, 911, 04111, 213, 3158, 789, 9216, 797, 6929, 907, 4445, 921, 972

19, 558, 5919, 226, 3165,072,4943, 372, 3926, 438, 9864, 466, 0277. 922, 6572, 911, 3693, 425, 5722, 006, 8332, 935, 261

619, 841

231, 756, 794

Obligationsof States

and Terri-tories orpolitical

subdivisionsthereof

$3, 310,9482, 782,8252, 790, 6002, 638, 0612, 606,5012, 725, 9942,119, 2582, 554, 6852, 278, 9711, 770,1089, 736, 0519, 653, 3166, 765,452

14, 328, 5028, 528, 8997, 552, 3456, 687, 3335, 200, 9548, 674, 6394, 480, 918

15, 820, 8507, 009, 8123, 746, 5512, 683, 4965, 065, 5093, 251,1456, 537, 2992, 278, 7012, 474, 8661, 626,1652, 558, 664

592, 913

160, 832, 331

Obligationsof the

UnitedStates iand its

possessionsand securi-ties issuedunder theFederal

Farm LoanAct

$3, 111, 7802, 844,1732, 623, 8312, 353, 8182, 427,1841, 863, 6521, 807, 6742, 351, 9661, 859, 3971, 470, 3155, 923,8076,135, 4803,459, 2194,965, 5023, 382,1423, 660, 9702,102, 5881, 596, 7381, 232, 8051,441,0543, 737, 7412, 216, 5041, 325, 943

688, 8961, 373,4771, 214,8821, 385, 358

632, 668950, 706380, 668376, 59726, 928

70,924,463

1 Includes wholly and partially tax-exempt obligations.

RETURNS ON FORM 1040 WITH NO N E T 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 show nonet income. Such returns are filed in accordance with the statutoryrequirements that every individual with gross income of $5,000 andover, 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 125.



Individual returns for 1981 on form lOIfi with no net income, by deficit classes,showing number of returns, deficit, and totals for 1928 to 1930

U n d e r 55-10 . . .10-2525-5050-100 . . .100-150._150-300300-500500-1,0001,000 and over

Total

Total for 193019291928. . .

Deficit classes (thousands of dollars) Numberofreturns

124,40524, 65320, 6568,2224,0121,1241,000

30513571

184, 583

144,86792, 54572,829

Deficit

$200,064,910174, 454,039321,512,811286,605, 306276, 706, 740136,457,852205, 540, 770114,307,25092, 728,919

128,499, 794

1,936,878, 391

1, 539,452,3961,025,130, 372

499, 213, 372

Individual returns for 1981 on form lOJÔ with no net income, showing sources ofincome and deductions l

Sources of income and deductions Amount

Income:WagBusinessPartnershipProfit from sale of real estate, stocks, bonds, etc., including capital net gain from sale of

assets held more than 2 yearsRents and royaltiesInterest on Government obligations not wholly exempt from taxDividends on stock of domestic corporationsFiduciary.Interest and 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 years -Net loss from business and partnershipAllother

Total deductions

Deficit-

$305, 683, 52773,186,10847, 754,118

29, 572, 923117,058,775

5,138, 342485, 616, 31029, 438,071

206, 301, 822

1, 299,749,996

197,132,96825,628, 972

1,818, 724,412590,123,110605,018,925

3, 236, 628, 387

1,936,878, 391

1 For explanations, see pp. 1-4.

NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUALRETURNS;

The statistics on number of individual income tax returns filed for1931 segregated by counties, by cities, and by townships having apopulation of 1,000 and over in the 1930 census have been omitted.In the Statistics of Income for 1930 these data were in basic table 11,on pages 139 to 205, and the text explanation was on pages 18 and 19.Copies of a mimeographed bulletin showing these figures for the cal-endar year 1931 may be secured from the Bureau of Internal Revenueupon request.


2 0 STATISTICS OF INCOME

PARTNERSHIP RETURNS OF INCOME

Partnership returns, except for the war excess-profits tax of 1917,are not subject to direct assessments—the income being reported by theindividual copartners according to their shares whether distributed ornot. A special return of information concerning income is, however,required from partnerships on form 1065.

The number of partnership returns filed for 1917 to 1931, inclusive,is as follows:Year— Number

1917 31, 7011918 100,7281919 175,8981920 240,7671921 259,3591922 287,9591923 304,996

Year— Number1925 309,4141926 295,4251927 282,8411928 272,1271929 263,5191930 244,6701931 230,407

1924 321,158

CORPORATION INCOME-TAX RETURNS

The number of income-tax returns filed by corporations for 1931was 516,404, as against 518,736 for 1930. Of the total number ofreturns for 1931, 175,898 showed net income, 283,806 no net income,and 56,700 no income data. The returns filed included 8,495 con-solidated returns for groups of affiliated corporations, of which 2,698showed net income and 5,797 showed no net income. The aggregatenet income of all returns showing net income was $3,683,367,774 andthe tax liability, $398,993,703. The aggregate net income of con-solidated returns of affiliated corporations was $1,846,305,490 andthe tax liability, $216,547,370.

Separate tabulations for fiscal-year returns (not ending December)and for fractional (part) year returns, shown on pages 36-37, makeit possible to segregate data for calendar year accounting periodsand for other accounting periods. In addition, separate tabulationsof data from consolidated returns are shown on pages 34-35,from which the significance of this form of return can be appraised.Consolidated returns represent the composite return of affiliatedcorporations filing under the provisions of the income-tax law, whichauthorize such groups of corporations to submit a consolidatedincome-tax return of the combined income, deductions, and tax forthe 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," "Returns showing no net income/'and "Returns showing no income data—inactive corporations."Basic table 12 (pp. 128-129) shows the returns distributed by States



and Territories and likewise by those with net income, no net income,and no income data (inactive corporations).

In analyzing the data compiled from returns classified under" Finance—banking, insurance, real estate, stock and bond brokers,etc./7 allowance should be made for the two special deductions fromgross income permitted life insurance companies. These specialdeductions totaling $683,000,000 represent (1) 4 percent of the meanof the reserve funds and (2) 2 percent of the reserve held for deferreddividends. (See pars. (2) and (4) of subdivision (a) of sec. 203 ofthe Revenue Act of 1928 and T.D. 4231.) In basic table 13(pp. 130-141) the special deductions for life insurance companies areincluded in "Miscellaneous deductions "under " Statutory deductions."

Corporation returns for 1981 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, grossincome, deductions, net income or deficit, net loss for prior year, income tax andpercentages; also number and percent of returns of inactive corporations x

Industrial groupsTotal

numberof returns

Returns showing net income

Number Percentof total Gross income 2 Deductions 2

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 indus-

triesChemicals 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

11,01417, 580

14, 632379

14, 6552,294552

6,9542,086

11, 8227, 2654,41819, 700

8,352

93,109

19,80623,715136, 520

42,406

152, 92019, 334

Grand total ! 516,404

2,5463,832

23.1221.80

$215, 096, 488732, 719, 766

$201,094,028661, 565, 490

6,466155

4,875754174

1,525832

4,5932,7971,1494,744

2,206

44.1940.9033.2732.8731.5221.93

38.8538.5026.0124.08

26.41

5, 365, 953, 7981, 086,321, 2172,132,182, 250

545, 388, 354401, 314,408332, 941,918632,926,856

1,285,284,9313, 371,395, 354

483, 372, 7784, 652,190,850

685,135,933

5,039, 044,182943, 827,400

2, 054, 352, 598515, 297,373387, 310, 799317,975,816595,454, 786

1,169,490,3883,119,902, 365

441, 689,3534, 296,969, 630

628,474,472

30, 270 32.51 20,974,408,647 19,509, 789,162

6,45710,93346, 049

15,637

59,1291,045

32.6046.1033. 73

36.87

38.675.41

1, 213, 234, 4836,800, 951,273

16,109,401,833

1, 698, 876, 738

4, 293,851,81112,493,965

1,132, 535, 0835,898, 316, 211

15, 649, 366,991

1,580,952, 008

3, 723, 349,81110, 698, 446

175, 898 34.06 52, 051,035, 004 48, 367, 667, 230

1 For general explanations, see pp. 1-4.2 Includes cost of goods sold. (See p. 3.)



Corporation returns for 1931 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, grossincome, deductions, net income or deficit, net loss for prior year, income tax andpercentages; also number and percent of returns of inactive corporations—Con.

Industrial groups

Returns showing net income—Continued

Net incomeNet loss forprior year

Income tax

AmountPercentof net

income

Percentof total

tax

Agriculture and related industriesMining and quarryingManufacturing:

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

$14,002,46071,154, 276

$1, 379, 5826, 251, 290

$1, 200,9537, 211,196

326,909, 616142, 493,81777,829, 65230, 090, 98114, 003, 60914, 966,10237, 472, 070

115,794,543251, 492, 989

41, 683, 425355, 221, 220

56,661,461

11, 632, 095112, 338

10, 208,8571, 291,1262, 390, 7731, 536, 901

966, 553

2, 421,4794, 773, 9071, 710,117

10, 645,640

2, 264, 947

36,822,89617, 065, 7337, 351, 4073, 340, 3201, 370, 9911, 378,8964, 238,528

12,894,66629,409,024

4, 614, 20340,623, 565

6, 201,187

1,464,619,485 49,954, 733 165,311,416

80,699, 400902,635,062460,034, 842

117,924, 730

570, 502,0001, 795, 519

8,999,13110, 786, 72319,179, 617

6, 946, 755

32,425,39181, 538

3, 683, 367, 774 136, 004, 760

7,624, 541105, 585, 31845, 708,136

11,080, 584

55,166,196105, 363

398, 993, 703

8.5810.13

11.2611.989.45

11.109.799.21

11.31

11.1411.6911.0711.44

10.94

9.4511.709.94

9.40

9.675.87

10.83

0.301.81

9.234.281.84.84.34.35

1.06

3.237.371.16

10.18

1.55

41.43

1.9126.4611.46

2.78

13.82.03

100.00



Corporation returns for 1931 by major industrial groups, showing for returns withnet income and no net income, number of returns and percent of total, gross in-come, deductions, net income or deficit, net loss for prior year, income tax andpercentages; also number and percent of returns of inactive corporations—Con.

Industrial groups

Agriculture and relatedindustries

Mining and quarrying

Manufacturing:Food products, in-

cluding beverages—-Tobacco productsTextiles and their

productsLeather and its man-

ufacturesRubber productsForest products _ _ -Paper, pulp, and

productsPrinting, publishing,

and allied indus-tries

Chemicals and alliedproducts

Stone, clay, and glassproducts

Metal and its prod-ucts

Manufacturing notelsewhere classified_

Total manufactur-ing

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

7,3548,291

7,524211

9,503

1,487361

5,150

1,200

6,810

4,047

3,076

14,174

5,272

58,815

11, 675

10,62286, 799

22, 588

75, 434

2,228

283,806

Percentof total

66.7747.16

51.4255.67

64.84

64.8265.4074.06

57.53

57.60

55.71

69.62

71.95

63.12

63.17

58.95

44.7963.58

53.27

49.33

11.52

54.96

Gross income 2

$276,868, 2701,496, 570, 969

3, 988, 705, 49097, 515,284

3,168, 902,126

564, 469, 045415,317,429

1, 014,898,080

639,142,100

1,000,179,055

3,952,977, 111

558, 053, 618

6,861,806, 293

796,916,665

23, 058,882, 296

1, 022, 317, 556

6, 584,845, 27714, 484, 043, 755

1, 980,348, 063

6, 535, 973, 916

24, 353,931

55,464, 204, 033

Deduct ions 2

$375, 646,1251, 822, 533, 963

4,192,183, 576103,121,693

3, 511,438,869

629,206,302453,471,497

1, 214,036, 573

692,917, 799

1,077,980,577

4, 271,841,422

637, 224, 522

7,622, 757, 638

940, 291, 203

25, 346, 471, 671

1,133, 365,161

7,190, 093,88915, 509,475,229

2,221,636, 528

38,792,816,560

43, 077, 563

62,435,116, 689

Deficit

$98, 777, 855325, 962,994

203,478,0865, 606,409

342, 536, 743

64,737, 25738,154, 068

199,138, 493

53, 775,699

77,801, 522

318,864,311

79,170,904

760, 951,345

143,374, 538

2, 287, 589,375

111, 047,605

605, 248, 6121, 025, 431,474

241, 288, 465

2, 256, 842, 644

18, 723, 632

6,970, 912, 656

Returns show-ing no incomedata—inactivecorporations

Num-ber

1,1145,457

64213

277

5317

279

54

419

421

193

782

874

4,024

1,674

2,1603,672

4,181

18,357

16,061

56, 700

Percentof total

10.1131.04

4.393.43

1.89

2.313.084.01

2.59

3.54

5.79

4.37

3.97

10.47

4.32

8.45

9.112.69

9.86

12.00

83.07

10.98

2 Includes cost of goods sold. (See p. 3.)3 Includes special nonexpense deductions of life insurance companies. (See p. 21.)



DISTRIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)

The following table of corporation returns, distributed by netincome and deficit classes, shows the number of returns, net incomeor deficit, tax, and percentages; also the number of returns filed forinactive corporations showing no income data:

Corporation returns for 1931, by net income and deficit classes, showing number ofreturns, net income or deficit, tax, and percentages

Net income classes


Under 11-22-33-44-55-1010-1515-2020-2525-5050-100100-250250-500500-1,0001,000-5,0005,000 and over

Total


Returns

Number

70,16831,70224,3129,7035,481

12,8135,3213,3012,4404,4502,7551,941

72937332188

175,898

Percent

39.8918.0213.825.523.127.283.031.881.392.531.571.10.41.21.18.05

100. 00

Net income

Amount

$27,836,10446,328, 24260, 781, 73133, 282, 49724, 518, 85390,197, 87265, 292,08957,080, 21954,847,179

157,445,419192,197,760296, 252,023252,021, 220265, 231, 610647,196, 669

1,412,858, 287

3, 683, 367, 774

Deficit classes


Under 11-22-33-44-55-10 _10-15 _15-2020-2525-5050-100100-250250-500 - - .500-1 0001 000-5,0005,000 and over

TotalReturns showing no income data—inactive corporations

Percent

0.761.261.65.90.67

2.451.771.551.494.275.228.046.847.20

17.5738.36

100. 00

Tax

Amount

$106,758188,991178,773542,994863,974

5,433,0715,160, 7215,019,5085,165, 397

16,999, 63221,470,12333, 297, 75429, 059, 61630, 206,11875, 821, 494

169, 478, 779

398, 993, 703

Percent

0.03.05.04.14.22

1.361.291.261.294.265.388 357.287.57

19.0042.48

100. 00


Returns

Number

78,04638, 37326,02719,28014, 52940, 09018,46410, 6136,688

15, 2197,9715,1671,620

884712123

283,80656,700

Percent

27.5013.529.176.795.12

14.136.513.742.365.362.811.82.57.31.25.04

100.00

Deficit

Amount

$30,363,07756,375, 94564,451, 44967,070,01465,097,536

284,961, 379226,091, 293183, 749,830149, 584, 283532, 652,979555,143, 291794,445, 530562, 614,090613,928,303

1,416,923,3651, 367,460, 292

6,970,912, 656

Percent

0.44.81.92.96.93

4.093.242.642.157.647.96

11.408.078.81

20.3319.61

100.00


STATISTICS OF INCOME 25NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS)

The net loss during a given taxable year in a trade or businessregularly carried on by the taxpayer, as specifically defined in theKevenue Acts of 1921 to 1928, inclusive, is allowed as a deduction incomputing the net income of the taxpayer for the two succeedingtaxable years. If such net loss is in excess of the net income (com-puted without such deduction), for that year, the amount of theexcess may be carried over and allowed as a deduction in computingthe net income for the next succeeding taxable year. Under theRevenue Act of 1932 net losses for 1931 only are allowed as deduc-tions in computing net income of the taxpayer 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; the excess loss carried to sub-sequent years is not tabulated.

"Net loss for prior year" reported and effective as a deduction indetermining net income in the corporation returns for 1922 to 1931,inclusive, is given below:Year

1922 $501,780,2871923 578, 307, 0881924 219, 727, 1661925 243, 078, 5651926 235, 851, 012

Year-1927 $244,293,3751928 301, 146, 1761929 392, 177, 2161930 157, 880, 2491931 136, 004, 760

AMOUNT OF NET INCOME EXEMPT FROM AND SUBJECT TO TAX (CORPORATIONRETURNS)

Under the Revenue Act of 1928, corporation net income subject totax is reduced by a credit of $3,000 allowed corporations with netincome of $25,000 or less. For corporations with net income inexcess of $25,000 but not in excess of $25,360, the method of com-puting the tax, as provided for in the revenue act, affords a variableamount of credit, but in every case less than $3,000. Under theRevenue Act of 1932 no such credit is allowed. A deduction for"Net loss for prior year" from net income for the current year ispermitted. The net income reported, also the net income not sub-ject to and the amount subject to tax in corporation returns for 1931,are shown below:Net income $3, 683, 367, 774Net income not subject to tax:

Net loss for prior year $136, 004, 760Specific credit of $3,000 for corporations

with net income not in excess of $25,000and a variable amount for net income inexcess of $25,000 but not in excess of$25,360 (estimated on the basis of capital-izing tax liability) J 232, 505, 235

Estimated total of net income not subject to tax_ 368, 509, 995

Estimated net income subject to tax (estimated on thebasis of capitalizing tax liability) 3, 314, 857, 779

The figures were obtained fay capitalizing the tax liability on all calendar year returns on the basis of

paruy on me uasisui 1*72 percent IUI uousuiiuaieu ietuiub, m piujjui tiuu tu tucuismuunuu ui mwiuo uuucithe respective rates. The total obtained by this process of capitalization represents the total net taxableincome. The difference between the total net income and the sum of the prior year losses and the net tax-able income represents the amount of the specific credit allowed corporations.



INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OFTHE UNITED STATES (CORPORATION RETURNS)

The amounts reported for tax credit by corporations for incomeand profits taxes paid foreign countries or possessions of the UnitedStates are shown below for the years 1925 to 1931, inclusive. Theseamounts are tax credits and have not been deducted from the figureson tax shown in the tables in this report.

Income and profits taxes paid foreign countries—Corporation returns for 1925 to 1931

Amount

i925 $20,139,9951926 21, 653, 9941927 24, 236, 9551928 32,487,634

Year: Amount1929 $35,221,7081930 29, 138, 8671931 18, 975, 743

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 1931, are cashdividends, $6,151,082,782, and stock dividends, $163,530,417. Thesepayments represent a reduction from 1930 of 25 percent for cashdividends and of 61 percent for stock dividends.

In basic table 12 (pp. 128-129) are shown for 1931 by States,the dividend payments reported on returns showing net incomeand no net income; in basic table 13 (pp. 130-141) are shown thedividend payments for 1931 by major industrial groups, and corpora-tions reporting net income and no net income; and in basic table 16(pp. 154-159) the same data are shown for returns by size of totalassets. Total dividends distributed by corporations for the years 1922to 1931, inclusive, are shown below:

Cash and stock dividends paid by corporations, other than life insurance companiestcorporation returns for 1922 to 1931

Year

192219231924192519261927 i1928192919301931..

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, 202,241,1106,151,082,782

Stockdividends

$3, 348,049,865891, 285, 583510,525, 809544,431,367757, 649, 610702, 501, 245550,128,426

1, 288,642,553414,180,425163, 530, 417


Cashdividends

$3,182,869,9853, 820, 619, 6423,994,990, 7544, 817,301,3205, 530, 210, 5865, 785,475, 5736,585,169,1817, 841,802,1356,841,049,9003, 871, 879, 782

Stockdividends

$3,166,915, 574787,167,102466,820,095502, 489,520716,219,451642,177,901509, 852,997

1,193, 896, 039250,499, 351

77, 886,901

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, 203,000

Stockdividends

$181,134,291104,118,48143, 705, 71441,941,84741, 430,15960,323, 34440, 275, 42994, 746, 514

163, 681,07485, 643, 516

1 Revised figures.


STATISTICS OF INCOME 2 7

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 459,704 returns ofactive corporations, classified by corporations submitting and notsubmitting balance sheets. The same analysis in aggregate for allactive corporations without segregation as to corporations submittingand not submitting balance sheets, is presented in basic table 13(pp. 130-141), by major industrial groups, by returns showing netincome and no net income.

Compiled receipts consist of reported taxable income [gross sales,gross profits other than amounts tabulated as gross sales, interestreceived, rents received, profits from sale of capital assets (real estate,stocks, bonds, etc.), and other items of taxable income grouped as11 Miscellaneous receipts"] and nontaxable income items ofj majorimportance (dividends received on capital stock of domestic corpora-tions and interest on Federal, State, and municipal bonds).

Statutory deductions consist of such items as cost of goods sold,compensation of officers, interest paid, taxes paid other than incometax, bad debts, depreciation and depletion, loss from the sale ofcapital assets (real estate, stocks, bonds, etc.), and items not classi-fied grouped as "Miscellaneous deductions."

The amount tabulated as "Cost of goods sold" includes salariesand wages only when shown specifically in item 2 (c) on the face ofthe return (see form 1120, p. 220). Salaries and wages which may beallocable to item 2 (c) but which were reported elsewhere on thereturn were tabulated as "Miscellaneous deductions."

Table 13 also shows the compiled net profit (or compiled netdeficit), statutory net income or deficit, net loss for prior year, incometax, and compiled net profit after deducting tax. Compiled netprofit is the excess of compiled receipts over statutory deductions, andcompiled 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, forreturns 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 13, pages 130-141, and Table 15, pages 148-153.

In using data by the industrial classification contained in basictable 14, the peculiarities with respect to income tax returns w hichprevent a pure industrial classification, as outlined on page 4, shouldbe borne in mind.

177160—34-



Corporation returns for 1931 showing number of returns, compiled receipts, andstatutory deductions, net deficit, statutory net income less deficit, tax, and dividendspaid, by corporations submitting and not submitting balance sheets

All returns

TotalCorporationssubmitting

balance sheets

Corporationsnot submittingbalance sheets

Number of returns— _Receipts, taxable income:

Gross sales 1

Gross profit other than tabulated as gross salesInterestRents _Profit, sale of capital assets _Miscellaneous receipts.__ .-

Receipts, tax-exempt income:Dividends from domestic corporationsInterest on tax-exempt obligations 2 _._

Total compiled receipts 3 _ _._

Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax __Bad debtsDepreciationDepletion _Loss, sale of capital assetsMiscellaneous deductions _..

Total statutory deductions

Compiled net deficit _„Statutory net income less statutory net deficitNet loss for prior yearIncome taxCompiled net deficit plus income tax _. _Cash dividends paid _Stock dividends paid __

459, 704 381, 088 78, 616

$75,494,311,17621, 944, 798, 4214,122,118, 1042, 250, 568, 295298, 636, 457

1, 435, 577, 684

1, 969, 228, 900541, 713, 319

$73, 783, 421,18021, 205, 514,1924, 024, 339, 2612,110,292,316283, 515, 787

1,393,162, 736

1, 904, 511, 261533, 288, 672

$1, 710,889, 996739, 284, 229

97, 778, 843140, 275,979

15,120, 67042, 414, 948

64, 717, 6398, 424, 647

108, 056, 952,356 105, 238, 045, 405 2,818,906, 951

58, 773,2, 697,4, 491,2, 230,1,182,4, 002,

267,1, 702,

33, 484,

772,870903, 669885, 082730, 732659,132508, 225726, 342283, 334085, 633

57, 374, 479, 8752, 573,817, 7334, 368, 927, 4022,172, 449, 7661,152, 675, 9823, 932, 791, 981

260, 565, 8671, 538, 527, 386

32, 350, 912, 990

1,399, 292, 995124, 085, 936122, 957, 680

58, 280, 96629, 983,15069, 716, 244

7,160,475163, 755, 948

1,133,172, 643

108, 833, 555, 019 105, 725,148,982 3,108, 406, 037

776, 602, 663* 3, 287., 544, 882

136, 004, 769398, 993, 703

1,175, 596, 3666,151, 082, 782

163, 530, 417

487,103, 577* 2, 924, 903, 510

129, 775, 528392,855, 001879, 958, 578

6, 092, 337, 422161, 818, 309

289, 499, 086* 362, 641, 372

6, 229, 2326, >38, 702

295, 637, 78858, 745, 360

1, 712,108

1 For "Cost of goods sold" see "Statutory deductions."2 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.3 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.

* Excess of statutory net deficit over statutory net income.

ASSETS AND LIABILITIES (CORPORATION RETURNS)

In the table on page 30 are shown for 381,088 corporation returnsout of 459,704 returns of active corporations, a summary statement ofthe principal assets and liabilities as of December 31, 1931, or at theclose of the fiscal year nearest thereto; also a tabulation by net incomeand deficit classes showing the number of returns and the number ofbalance sheets tabulated. Returns reporting balance sheet data of afragmentary nature have not been included with those returns report-ing balance sheets. The difference between the number of balancesheets tabulated and the number of returns is due to the returns forwhich data for assets and liabilities are not reported or are incompletelyreported. In basic table 15 (pp. 148-153) the same data are shownby major industrial groups. This table also includes, for the first time,all items of compiled receipts and statutory deductions for those activecorporations which submitted balance sheets. For descriptive state-ment of compiled receipts and statutory deductions, see page 27.



In using the data by industrial groups the peculiarities with respectto income-tax returns which prevent a pure industrial classification,as outlined on page 4, should be borne in mind.

The following changes in classification of data affect the compar-ability of asset and liability data over a period of years: Prior to1929, "Investments other than tax-exempt77 were not segregatedfrom "Miscellaneous assets not distributed.77 Prior to 1930, stocks,bonds other than tax-exempt, loans, mortgages, etc., owned by lifeinsurance companies were classified as " Miscellaneous assets notdistributed77 and beginning with 1930 as "Investments other than tax-exempt.77 Moreover, the returns of corporations become more com-plete each year with respect to the definite allocation of their formsof assets, thus steadily decreasing the proportion tabulated as " Mis-cellaneous assets not distributed77 as well as causing certain shifts asbetween the principal forms of assets and liabilities. Shifts have beennoted between years particularly under "Liabilities77 in the amountsreported as "Common stock" and "Preferred stock77 due to variationsin reporting these data. For balance sheets in which common andpreferred stock are not reported separately, the combined amount istabulated as "Common stock.77 For balance sheets with no parstock and not reporting capital stock value, the net worth is tabulatedunder "Surplus and undivided profits.77

Items not otherwise distributed are classified as "Miscellane-ous assets77 and "Miscellaneous liabilities,77 among which are thefollowing:

Miscellaneous assets.—Copyrights; formulas; goodwill; 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 con-tracts, meters, and leaseholds; cash value of life insurance. Mis-cellaneous assets of life insurance companies include market value ofreal estate and bonds in excess of book value; interest, rents, andpremiums due; agents7 balances.

Miscellaneous liabilities.—All reserves other than surplus and re-serves for depletion, depreciation, and bad debts; deferred and sus-pense items; funds held in trust; borrowed securities; discount anddividends payable; outstanding coupons and certificates; overdrafts.Miscellaneous liabilities of life insurance companies include the netvalue of outstanding policies and securities and borrowed money.Miscellaneous liabilities of banks include deposits (time, saving,demand, etc.) and bank notes in circulation.



Assets and liabilities of corporations submitting balance sheets for 1931, by returnswith net income and no net income, showing major items of assets and liabilitiesas of Dec. 31, 1931, or at the close of the fiscal year nearest thereto

Assets and liabilities AggregateReturns

showing netincome

Returnsshowing no net

income

Assets:Cash (in till and deposits in banks)Notes receivable and accounts receivable (less

reserve for bad debts)InventoryTax-exempt investments—Obligations of States

and Territories or political subdivisions; securi-ties issued under the Federal Farm Loan Actand obligations of the United States or its pos-sessions

Investments other than tax-exempt—Stocks,bonds, mortgages, loans, real estate, etc

Capital assets—Real estate, buildings, equip-ment, etc. (less depreciation)

Miscellaneous assets not distributed

Total assets.

Liabilities:Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilities not distributedCapital stock: •

PreferredCommon

Total capital stock _ _

Surplus

Less deficit

Net surplus

Total liabilities

$15, 880, 250, 424

48, 667,198,95015,139, 932, 949

10, 667,192, 003

74,305, 333,068

115.302,698,63616r 534, 423,114

$6,473, 314, 629

19, 242, 510,9365, 605,381, 763

4, 519, 660, 429

33, 447, 786, 038

45, 687, 523,0896, 748, 756, 283

$9,406, 935, 795

29,424, 688,0149, 534,551,186

6,147, 531, 574

40,857,547,030

69, 615,175, 5479, 785,666,831

296, 497,029,144 121, 724,933,167 174, 772,095,977

23, 251, 397, 20948,100, 960, 53381,881,780,792

19,116,829,44879, 793, 726,842

8,070,190, 51716,129, 560,89636,861, 734,909

7, 379, 974,41830, 617,059, 714

15,181, 206, 69231, 971, 399,63745,020,045,883

11,736,855,03049,176,667,128

98, 910, 556, 290 37, 997,034,132 60,913,522,158

51, 976, 381, 2207, 624, 046, 900

23, 407, 211, 701740, 798,988

28, 569,169, 5196,883, 247,912

44, 352, 334, 320 22, 666, 412, 713 21, 685, 921, 607

296, 497,029,144 121, 724, 933,167 174, 772,095, 977

Number of corporation returns filed for 1931 and number of balance sheets tabulatedby net income and deficit classes

Net income and deficit classes


Under 11-22-33-44-5 _ _5-1010-1515-2020-2525-5050-100100-250 . .250-500 ._-500-1,0001,000-5,000. .5,000 and over

Total .Returns with no income data—

Inactive corporations


Number ofreturns

70,16831, 70224, 3129,7035,481

12, 8135,3213,3012,4404,4502,7551,941

72937332188

175,898

Number ofbalancesheets

50,47025,18420, 5568,8475,089

12,1105,0913,1852,3504,3042,6661,873

70336131888

143,195

Percent ofbalancesheets toreturns

71.9379.4484.5591.1892.8594.5195.6896.4996.3196.7296.7796.5096.4396.7899.07

100.00

81.41


Number ofreturns

78,04638, 37326, 02719, 28014, 52940,09018,46410, 6136,688

15, 2197,9715,1671,620

884712123

283,806

56, 700

Number ofbalancesheets

56,60831,36722,06216, 67812, 76935,89016,9129,8246,244

14,1347,4424,8401,520

817672114

237,893,

Percent olbalancesheets toreturns

72.5381.7484.7786.5087.8989.5291.5992.5793.3692.8793.3693.6793.8392.4294.3892.68

83.82



ASSETS AND LIABILITIES AND COMPILED RECEIPTS AND STATUTORY DEDUC-TIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS)

In this report there appear for the first time tables showing assetsand liabilities and compiled receipts and statutory deductions foridentical corporations distributed on the basis of size of total assets.These data are compiled from 381,088 returns filed by corporationsthat submitted balance sheets. The difference between this numberand 459,704 returns of active corporations represents returns of activecorporations that did not submit balance sheets, or for which balancesheet data were of a fragmentary nature.

Data in corporation income-tax returns were classified by size oftotal assets in order to provide a combined income and capitalstatement of corporate data according to a measure of size. Whilethere may be considerable difference of opinion as to whether totalassets is the best basis on which to distribute the data, it is the mostpractical basis available from, the point of view of the tabulationproblems presented. In connection with the classification of corpora-tion data by size of total assets, attention is directed to the fact thatthe balance sheet form " Schedule K" of the corporation income-taxreturn (reprinted on p. 221) provides, in the reporting of assets,that reserves for depreciation of capital assets be deducted from thegross amount of capital assets and also that reserves for bad debtsbe deducted from the gross amount of accounts receivable.

The following table summarizes certain major items for identicalcorporations, by total assets classes, including number of returns,total assets, total compiled receipts and compiled net profit or deficitfor all returns, and for returns with net income and no net income.In basic table 16 (pp. 154-159) are shown in greater detail the prin-cipal assets and liabilities as of December 31, 1931, or at the close ofthe fiscal year nearest thereto, and the principal items of compiledreceipts and statutory deductions. In basic table 17 (pp. 160-177)are shown by major industrial groups and total assets classes selecteditems of assets and liabilities as of December 31, 1931, or at close offiscal year nearest thereto, selected items of receipts, compiled netprofit or deficit, statutory net income or deficit, and cash dividendspaid. For descriptive statement of assets and liabilities see pages28-29, and of compiled receipts and statutory deductions, seepage 27.



Returns of corporations submitting balance sheets for 1931 by total assets classesand by 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

returns

Total assets-total liabil-

itiesTotal compiled

receipts *Compiled net

profit ordeficit 2

Statutory netincome or

deficit

All returns

U n d e r 5050-100 __100-250250-500500-1,0001,000-5,0005,000-10,000 _._.10,000-50,000...50,000 a n d over

Total....

182,44761,14463, 42831,05219,33518, 3452,5882,117632

381,088

$3, 702, 782, 6524, 366, 549, 22010,072,144, 75010,929, 624,08713, 530,865, 35337,955, 406, 82117,965,175,16043,167,196,848154, 807, 284, 253

296, 497, 029,144

$6, 952, 452,1525,398,110,7508, 803,033, 9947, 209, 547, 5457,078, 794, 44914, 595, 017,0845, 588, 462, 60313, 365,145,09836, 247,481, 730

105, 238, 045, 405

3 $412,166, 4773 213, 618,8063 339, 694,0073 250, 998,1313 252, 271, 7333 538,925,8933 137, 776, 3133 35,825,194

1,694,172,977

3 487,103, 577

3 $417,3 219,3 361,3 289,3 311,3 788,3 281,3 434,179,

755,377421,097461,851846,684086, 726670,243192, 875551, 749083,092

! 2, 924, 903, 510


Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and ove r .

65, 56424, 29725,64912,1207,1306,403

926841265

Total.. 143,195

$1,395,113,9921,734,364,7244,063, 385,0674, 269,437, 2514,971,871,497

13,212,122,2536,421,671, 584

17,456,009,85868, 200,956, 941

121, 724,933,167

$2, 895,2,479,4, 205,3, 476,3,267,6, 886,2, 784,6, 693,

18, 297,

855, 333303, 202686,154964,586118,028608, 707823, 311745, 882137, 557

50,987, 242, 76

$108, 373, 69690, 401,919179, 735, 437184, 751,106206,182,282539, 904,845287, 310, 382740,503,055

2, 305, 040, 867

4,642, 203, 589

$106, 761, 79088, 262,402171,962, 598171, 477,918185,746,928466, 778,061244, 785, 368586,640,749

1, 573,142, 272

3,595,558,086


Under 50..•50-100100-250250-500•500-1,0001,000-5,000'5,000-10,00010,000-50,00050,000 a n d over. .

116,88336,84737,77918,93212, 20511,942

1, 6621,276

367

Total.. 237, 893

$2,307,2, 632,6,008,6, 660,8, 558,

24, 743,11,543,25,711,86, 606,

668,660184,496759, 683186,836993,856' \, 568503, 576186,990327,312

174, 772,095, 977

$4,056,2,918,4, 597,3, 732,3,811,7, 708,2, 803,6,671,17, 950,

596, 819807, 548347,840582,959676, 421408,377639, 292399,216344,173

54, 250,802, 645

3 $520, 540,1733 304,020, 7253 519, 429,4443 435, 749, 2373 458, 454,015

' 1,078,830,738s 425, 086, 6953 776, 328, 2493 610,867,890

3 5,129, 307,166

3 $524, 517,1673 307, 683, 4993 533,424,4493 461, 324, 6023 496,833, 654

3 1, 255, 448, 3043 525,978, 243

3 1, 021,192, 4983 1, 394,059,180

3 6, 520,461, 596

1 Include 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.

2 Compiled net profit or deficit is total compiled receipts less statutoiy deductions,s Deficit.

REVISED ITEMS IN ASSETS AND LIABILITIES, CORPORATION RETURNS, STATISTICSOF INCOME FOR 1927

On page 28 of the 1930 Statistics of Income, the statement con-cerning revised items for 1927 found in table 19 under " Summaryfor preceding years" should read as follows: "The net change for1927 is $3,000,000,000, which was erroneously included in the itemof "Miscellaneous liabilities not distributed" and should have beenincluded in "Bonded debt and mortgages."

REVISED ITEMS IN RECEIPTS AND DEDUCTIONS, CORPORATION RETURNS,STATISTICS OF INCOME FOR 1930

In the Statistics of Income for 1930, tables 12, 14, and 21, and 16,for all returns and for returns with net income, in the State of NewYork, the industrial group "Manufacturing—Chemicals and alliedproducts" and the subgroup "Petroleum and other mineral oil refin-



ing," respectively, the following revision of the published figures ismade:

"Gross sales" and ''Cost of goods" are decreased by $1,440,000,000;"Miscellaneous receipts" and "Miscellaneous deductions" are de-creased by $810,000,000; and "Total compiled receipts," "Gross in-come," and "Statutory deductions'" are decreased by $2,250,000,000.REVISED NUMBER OF CONSOLIDATED RETURNS OF CORPORATIONS, STATISTICS

OF INCOME FOR 1930

On pages 29 and 30 of Statistics of Income for 1930, the total num-ber of consolidated returns filed by concerns classified as "Manu-facturing—Stone, clay, and glass products" is shown as 136 and thenumber of those showing no net income is given as 65. Due toincorrect industrial classification of certain returns, these figures wereunderstated and should be 147 and 76, respectively. Incorrectclassification also obtained with respect to the number of consolidatedreturns filed by concerns classified as "Finance—Banking, insurance,real estate, stock and bond brokers, etc.," and the total number ofreturns is erroneously shown as 1,982, and the number of returnsshowing no net income as 1,161, whereas these figures should havebeen 1,971 and 1,150, respectively. The financial data reported onthese returns are relatively unimportant and have little effect uponthe totals of the several financial items appearing for each of theindustrial groups concerned. Consequently, the revision whichshould be made due to the errors referred to has not been carriedthrough for any item other than number of returns.

CONSOLIDATED RETURNS (CORPORATION RETURNS)

There were 8,495 consolidated income-tax returns filed for 1931for affiliated corporations, as against 8,951 for 1930. As providedby section 141 (d), Revenue Act of 1928, applicable to the taxableyear 1929 and subsequent taxable years, a consolidated return maybe filed where one or more chains of corporations are connectedthrough stock ownership with a common parent corporation, at least95 percent of the stock of each of the corporations (except thecommon parent) being owned directly by one or more of the othercorporations, and the common parent corporation owning directlyat least 95 percent of the stock of at least one of the other cor-porations. Of the consolidated returns for 1931, 2,698 showed netincome aggregating $1,846,305,490. The number of consolidatedreturns filed was about 1.65 percent of all corporation returns.However, the net income reported in consolidated returns was 50.13percent of the net income of all returns showing net income, andthe tax 54.27 percent of the total tax for all corporations.

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 affiiliated corporations for which the consolidated return is filed.If it were possible to segregate the income of the subsidiary or affiliatedconcerns, the data for such concerns might fall in industrial divisionsother than the ones in which they are here included. Attention isalso directed to the fact that the data for consolidated returns areincluded in the general tables of corporation income throughoutthis report.



Consolidated corporation returns for 1931 by major industrial groups, showing totalnumber of returns, number with net income and no nei income, gross income, nelincome or deficit, net loss for prior year, and income tax *

Industrial groups

Agriculture and related industries.Mining and quarrying.Manufacturing:

Food products, includingbeverages - __

Tobacco productsTextiles and their products-..Leather and its manufac-

turesRubber products _ __ .Forest productsPaper, pulp, and products. _.Printing, publishing, and al-

lied industries-Chemicals and allied prod-ucts

Stone, clay, and glass prod-ucts

Metal and its productsManufacturing not elsewhere

classified - _Total manufacturing

ConstructionTransportation and other public

utilities .TradeService—professional, amuse-

ments, hotels, etcFinance—banking, insurance,

real estate, and holding compa-• nies, stock and bond brokers,etc

Nature of business not given

Grand total

Totalnumber

of re-turns

100469

43120

365

9641

25396

257

382

145795

212

3,093

182

7741,445

526

1,89511

8,495

Consolidated returns showing net income

Num-ber

27101

2089

95

26103033

130

184

38203

49

1,015

73

311453

197

521

2,698

Gross income2

$106, 502, 522323, 593, 301

3, 382, 655, 214351,920, 284421, 964, 657

• 263, 993, 875336, 487, 682

50, 033,105144, 840, 755

384,155, 657

2, 404, 867, 990

232, 419, 9993,119,706,562

239,199, 607

11, 332, 245, 387

123, 975, 549

5, 551, 924, 8325, 452, 650, 459

477, 085, 601

707, 884,169

24, 075, 861, 820

Industrial groups

Agriculture and related industries _ -Mining and quarryingManufacturing:

Food products, including bevTobacco products . .Textiles and their productsLeather and its manufacturesRubber products. _Forest productsPaper, pulp, and productsPrinting, publishing, and aliiChemicals and allied productStone, clay, and glass producMetal and its products

erages

ed indussts

tries

Manufacturing not elsewhere classified

Total manufacturing

Construction - ._Transportation and other public utilities.TradeService—professional, amusements, hotelsFinance—banking, insurance, real estate,

ers, etcNature of business not given

Grand total

, etc _stock and bond brok-

Net income

$4,854, 84119, 350, 946

216,07137,149

103795

23, 757, 593

21,313,6129, 773, 3352, 670, 5217, 646, 495

28, 969, 981

161, 372, 074

21, 868, 715256, 253, 991

26, 954, 042

813, 801

8,935

668, 314

,257

,668

,501221, 778,102

32, 882. 578

76, 38'',597

1, 846, 305, 490

Net loss forprior year

$24,6131, 402, 006

6, 670,140

2, 340, 436

230, 6662, 048, 024

230, 904267, 042

703, 562

1, 561, 576

683, 5494, 361, 002

184, 934

19, 281, 835

1,137, 858

5, 351, 5872, 578, 892

2,199, 710

9,154, 479

41,130, 980

Income tax

• $579,0622,146, 305

25,190, 8394, 457, 4752, 563,969

2, 528, 582926, 677288, 000883, 232

3, 379, 448

19,170, 556

2, 539. 08930, 242, 906

3, 215, 757

95, 386, 530

934,818

79, 589, 47126, 243, 330

3, 666, 407

8, 001, 447

216, 547, 370

Consolidated returns showing no netincome

Number

73368

22311

2707031

22363

127198107592163

2,078

109463992329

1,37411

5,797

Gross income 2

$55, 657,1961, 032, 577, 679

2, 709, 565, 81462, 008,126

817, 482, 595225, 773,838337, 698, 015352,191,165313,140, 858405, 823, 743

3, 398, 887, 398241, 275, 879

4, 444, 239, 071326, 477, 530

13, 634, 564, 032

211, 572, 5105, 818,149, 5502, 992, 728, 226

783,921, 277

1, 639, 024,17360, 447

26,168, 255, 090

Deficit

$10, 744,120167, 071, 394

92, 707, 5133,136,170

94, 846, 60027, 778, 77527, 354, 93159, 520, 86924, 624, 59620, 813, 968

260, 205, 77520,940, 788

389, 355, 02466, 783, 708

1, 088, 068, 717

14, 584, 719475,940, 712179, 321, 305

59, 323,112

507,837, 612153, 839

2, 503, 045, 530

1 For general explanations, see p. 1-4.2 Gross income corresponds to total income as reported on face of the return, plus cost of goods sold.


STATISTICS OF INCOME 35Consolidated corporation returns for 1931 by net income and deficit classes, showing

number of returns, net income or deficit, and income tax



Under 11-22-33-4 .4-55-1010-1515-2020-2525-5050-100100-250250-500500-1,0001,000-5,0005,000 and over. . .

Total


Number

1481341448364

22916311111028829031421415817771

2,698

Net income

$62, 255199, 932360, 793290, 092293, 707

1, 696, 4762, 010, 6161,926,4542, 493,100

10, 409, 03821, 015, 61350, 876, 91476, 688, 300

115, 713, 877377, 701, 227

1.184, 567, 096

1,846,305,490

Income tax

$376619103

9,3428,588

90, 270127, 472144, 542211, 434

1, 016,1942,187, 2975, 278, 5638, 678, 741

13, 019, 63643, 856, 498

141,917, 695

216, 547, 370

Returns showing nonet income

Number

212146111129124392374271216784772922514371366

93

5,797

Deficit

$95, 483219, 091274,776448, 487567,318

2,916, 3034, 657,4824, 775, 7484, 955, 341

28,938, 58256, 857, 314

150, 996,893183, 418, 501265, 309, 630773, 073, 485

1,025,541,096

2, 503, 045, 530

Consolidated corporation returns for 1931, by number of subsidiaries, showingnumber of consolidated returns and total number of subsidiaries

Number ofsubsidiariesper return

1234 _ __56 _789

10111213 .1415 . .16171819202122232425 -_- _262728293031323334

Num-ber ofconsol-idatedreturns

4,5961,399

722385259182150918762384739331923202221172267

11564

103

107446

Totalnumberof sub-sidia-ries

4,5962,7982,1661,5401,2951,0921,050

72878362041856450746228536834039639934046213216126412515610828087

300217128132204


3536 _ -37383940 _414243444546474849505152, . ..535455 _58596264 - _..6566676871 .73757677

Num-ber of

consol-idated

returns

145344o

CO

CM

r-l

<N

11433221132111211121212


3514418511415616082

1268644904647

1921471501021045354

165116596264

130666768

14273

15076

154


8283 - -84879091939598. - __99104111118120121 _127131133147189206208246 .250278297-Number of sub-

sidiaries notr e p o r t e d —e s t i m a t e daverage, 3

Total

Num-ber ofconsol-idatedreturns

11221211111211111111111111

78

8,495


8283

16817490

18293959899

104222118120121127131133147189206208246250278297

234

31,307

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 of theremaining Statistics of Income data.

Corporation fiscal-year returns for 1931 showing by month ending the fiscal year,the total number of returns, number with net income and no net income, amount ofnet income or deficit, net loss for prior year, and income tax

Fiscal year ended—

July 1931August 1931September 1931October 1931November 1931January 1932February 1932March 1932April 1932May 1932June 1932

Total___

Totalnumber

of returns

3,9054,0604,5084,3254,1626,7814,1295,6725,2455,548

11,173

59, 508


Number

,647,693,900,746,646

L,958L,417L,984L, 715L, 7415,061

20, 508

Net income

$24, 270, 92440,845,11533, 684, 58332, 514, 00245,169,16941,844, 54159,993,38024,098,60222, 864, 82624,048,64261, 228, 765

410, 562, 549

Net loss forprior year

$3, 231,1901, 943, 4042, 950, 4395, 439, 8213,217,8151, 262, 5591,027,6431,455,1211,316,7421,547,7572, 244, 696

25, 637,187

Income tax

$2, 244,4144, 366, 2883, 339,1842, 931, 2944, 743, 9754, 547,9306,893,9072, 531, 6312, 503,8222,709,1757, 353, 795

44,165, 415


Number

2,2582,3672,6082,5792,5164,8232,7123,6883,5303,8078,112

39,000

Deficit

$44,999,02457,142, 66399, 812, 21192,087,176

106, 014,025142, 264, 25663, 313, 94286,920, 22779, 591, 72693,411,853

209, 396, 975

1,074, 954,078

Corporation fiscal-year returns for 1931, by net income and deficit classes, showingnumber of returns, net income or deficit, and income tax



Under 11-22-33-44-56-1010-1515-2020-2525-50 _50-100100-250250-500500-1,0001,000-5,0005,000 and over

Total


Number

7,1503,4602,7591,272

7601,790

79349635570145231810056388

20,508

Net income

$2,950,7085,061, 5956,924,1744, 378, 2263, 401, 701

12, 660, 2969, 805, 9238, 572,0527, 987, 208

24, 584, 79531,851,96048, 910, 08433,313,88140, 413, 61075, 497,76693, 748, 570

410, .562, 549

Income tax

$65,461104,031117,896126,310151, 896855, 737797, 351767, 387774, 563

2, 640,9293, 513, 0065, 567, 3483, 909, 5424, 632,4308, 467, 200

11, 674, 328

44,165,415


Number

8,6914,9533,4412,6081,9805,8432,9031,7321,1192,6901,475

99529015211315

39,000

Deficit

$3, 622, 4757, 268,9098, 533,9009,068,0878,912,135

41,808,15435, 686,12530,054, 76725, 010, 65394, 540,154

102, 224, 050151, 640, 74999,897, 261

105, 034,935228, 586, 633123, 065, 091

1, 074, 954,078

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.The part-year returns in this report represent those in which thegreater part of the income period was in 1931.



Corporation part-year returns for 1931

Total number of returns 31, 440Returns showing net income:

Number 12, 364Net income $46, 650, 450Net loss for prior year $3, 674, 259Income tax $3, 615, 779

Returns showing no net income:Number 19, 076Deficit $255, 226, 709

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 indi-vidual 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 ofcorporation returns by net income and deficit classes for the years1928 to 1931 and for corporations submitting balance sheets the majoritems of assets and liabilities for the years 1926 to 1931 is shown inthe following tables.

Individual returns by States and Territories for the years 1921 to1931, showing number, net income, and tax, are tabulated as a sectionof table 9, pages 75-124.

Corporation returns distributed by States and Territories for theyears 1922 to 1931 areshown in table 19, pages 183-193, for corporationsreporting net income and no net income, by number, net income,deficit, and tax; also number of returns for inactive corporations.Similar data and gross income are shown by major industrial groupsfor the years 1922 to 1931 in table 13, pages 178-182.Individual returns for 1913 to 1931, showing number of returns, net income, tax

before tax credits, tax credits, and tax l

[Money figures in

Year

19131914 . _.191519161917 ._ . . . .191819191920192119221923 _19241925 .192619271928 . _.192919301931 .

thousands of dollars]

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, 924

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, 546

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, 378

Percent of total

Tax-able

83787779765454556160605961615547

Non-taxable

17222321244646453940404139394553

Net income

3,900,0004,000,0004, 600,0006, 298, 578

13, 652, 38315,924, 63919 859 49123, 735, 62919, 577, 21321, 336, 21324, 777,46625, 656,15321,894, 57621,958, 50622, 545,09126, 226, 32724,800, 73618,118,63513, 604,996

i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 198-203. 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.



Individual returns for 1913 to 1931, showing number of returns, net income, taxbefore tax credits, tax credits, and tax—Continued

[Money figures in thousands of dollars]

Year

1913191419151916 . .191719181919192019211922192319241925192619271928192919301931 .

Tax before tax credits

Normaltax

12, 72916, 55923,99651,441

156, 897476, 433468,105478, 250308, 059355,410378,388257, 795216, 360200, 599215,817281, 895162, 332129, 47582, 302

Surtax

15, 52524, 48743,948

121,946433, 346651, 289801, 525596, 804411,327474,581464, 918437, 541432, 853448, 330511,731688, 825582, 393316,816186, 078

Tax oncapital

net gain,12J/2 per-

cent

31,06638, 91648, 603

117,571112,510134, 034233, 451284, 654

65, 42219, 423

Total

28, 25441,04667 944

173,3872 795, 381

1,127, 7221, 269, 6301, 075, 054

719,387861,057882, 222743,939766, 784761, 440861, 582

1, 204,1701,029, 379

511,713287, 803

Tax credits

25 per-cent oftax onearnednet in-come

12^ per-cent oncapitalnet loss

from saleof assets

heldmore

than 2years

30, 63724, 57024, 64724,91534, 79022,06224, 88617, 491

9,0367,6594,3226,0285,1265,378

10,11224,185

Total

3 220, 55539, 67332, 22928,96930, 94339,91627, 44134, 99841, 676

Tax

28, 25441, 04667, 944

173, 3872 795, 3811,127, 7221, 269, 6301, 075,054

719, 387861,057661, 666704, 265734, 555732, 471830, 639

1,164, 2541,001,938

476, 715246,127

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 1931 by net income classes l

Net income classes (thousands ofdollars)

Under 11-22^33-55-10 -10-25 . .25-5050-100100-150150-300300-500 . .500-1,0001,000 and over

Total

1914

149, 279127, 44858, 60314, 6765,1611,189

76921611460

357, 515

1915 1916

127, 994120, 40260, 28417,3016,8471,7931,326

376209120

336, 652

157,149150, 55380, 88023, 73410, 452

2, 9002,437

714376206

2 429, 401

1917

1, 640, 758838, 707560, 763270, 666112, 50230,39112, 4393,3022,347

559315141

3, 472,890

1918

1, 516, 9381, 496,878

932,336319, 356116,569

28, 5429,9962,3581,514

38217867

4,425,114

1919

1, 924, 8721, 569, 7411,180,488

438,851162, 485

37, 47713, 3202,9831,864

42518965

5,332, 760

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 198-203. 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.



Number of individual returns for 1914 to 1931 by net income classes—Continued


Under 11-2 .2-33-5 - -5-10 _10-2525-5050-100100-150 . . . .150-300300-500500-1,000 _1,000 and over

Total


Under 11-22-33-55-1010-2525-5050-100 .100-150150-300300-500 _500-1,0001,000 and over

T o t a l . . .

1920

2, 671,9502, 569, 3161,337,116

455, 442171,83038, 54812, 0932,1911,063

23912333

7, 259, 944

1926

119,5131,045,519

837, 7921, 240, 400

560, 549246, 730

57, 48720, 5204,7243,267

892468231

4,138, 092

1921

401,8492,440, 5442, 222, 0311, 072,146

353, 247132,34428, 946

8,7171,367

7391626321

6, 662,176

1927

126, 745996, 098855, 762

1. 209, 345567, 700252, 07960,12322, 573

5, 2613,8731,141

557290

4,101, 547

1922

402, 0762, 471,1812,129,8981,190,115

391, 373151, 32935,47812,0002,1711,323

30916167

6, 787,481

1928

111,123918,447837, 781

1,192, 613628, 766270, 889

68,04827, 2077,0495,6781, 756

983511

4, 070, 851

1923

368, 5022, 523,1502,472, 6411, 719, 625

387,842170, 09539, 83212, 4522,3391,301

32714174

7, 698, 321

1929

126,172903, 082810, 347

1,172, 655658, 039271,454

63, 68924, 0736,3765,3101,641

976513

4, 044, 327

1924

344,8762,413,8812,112,9931,800,900

437, 330191, 216

47, 06115,8163,0651,876

457242

75

7, 369, 788

1930

150, 000909,155767, 684

1, 070, 239550, 977198, 76240, 84513, 645

3, 1112 071

552318150

3, 707, 509

1925

98,1781, 071, 992

842, 5281, 327,683

503, 652236, 779

59, 72120,9584,7593,223

892479207

4,171,051

1931

185, 391862,153675,019912, 630417, 655137, 75424, 3087,8301.6341 056

26814977

3, 225, 924

Net income in individual returns for 1916 to 1931 by net income classes x

[Money figures and net income classes in thousands of dollars]

Net income classes

Under 11-22-33-55-1010-2525-50__ .50-100100-150150-300300-500.500-1,0001,000 and over

Total

1916

624, 6691,037,2481, 235, 016

822, 662722, 795357, 355505,859271, 938256, 771464, 264

6, 298, 578

1917

2,461,1372, 064, 9772,115,8651, 827, 5081,687,1661, 042, 320

846, 894400, 492474, 652209, 905214,631306, 836

13, 652, 383

1918

2, 232,, 3553, 626, ;S253, 535, 2192,145, (1901, 736, 548

978, 043679, 721284, 107305, 025144,545119,076137, 487

15, 924, 639

1919

2,829,1133, 807, 2864, 513, 2642, 954,1372, 412, 2761, 277, 365

896, 497358, 393371,149159,071128, 290152, 650

19, 859, 491

1920

4, 050, 0676,184, 5435, 039, 6073, 068, 3312, 547, 9051, 307, 785

810, 386265, 512215,13989, 31479, 96377, 078

23, 735, 629

1921

213,8503, 620, 7625, 325, 9314, 054, 8912, 378, 7591, 958,156

979, 629582,230163, 521145, 948

61, 34342, 78049,411

19, 577, 213

1922

247,5643,630,5715,153, 4974, 500, 5582, 641,9052, 255, 8721, 208, 274

805,224260, 204266,814116,672107,671141, 387

21, 336, 213

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 198-203. Data for returns of net income under $5,000 estimated onbasis of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928,1930, and followingyears.



Net income in individual returns for 1916 to 1931 by net income classes—Continued


Net income classes

Under 11-2 _2-33-5 . . .5-1010-2525-50 - .50-100100-150150-300300-500500-1,0001,000 and over

Total _

1923

252,5133,693, 6426, 073, 4446, 469,1952, 653, 0262, 538, 0791,350, 680

833, 898280, 656260, 584124, 56995,107

152, 072

24,777, 466

1924

235,4523,564,4745, 277,1476,827,9242, 991,1882,855, 3971,599,8481,066,784

377,645374,609171, 249158,462155, 974

25, 656,153

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

Net income classes

Under 11-2 _._ _2-33-55-1010-2525-50 _50-100100-150 . . .150-300300-500500-1 0001,000 and over :

Total

1926

67, 2381, 747,9172,042,9034,872, 7893,838,9533, 660, 6221, 954, 6531, 389,339

570,190661, 412340,214317,881494,394

21,958,506

1929

73,7421,499,9081,958, 5954,572,5964,481,5764,025, 2332,174, 4581, 646,476

770, 5361,087,410

628, 229669,878

1, 212,099

24,800, 736

1927

72, 2311, 645, 5762,062, 2754, 700,8163,895,7593, 748, 0582, 051, 7711,535, 387

636, 019787, 270431,122378,167600,641

22,545, 091

1930

86,8921,494, 5261,864,1624,151,9673, 723,7632, 922, 7501, 383, 619

919, 040374,171419,016207,131211,693359,905

18,118, 635

1928

64, 5351,526,8322, 030, 9014,648,0984, 282,5204, 037,8532, 326, 5031,857,878

850,4511,157,131

663,900670,862

1,108,863

25, 226,327

1931

106, 6221, 399,4301, 641, 5943, 515,7162,807,0012,006,721

820, 648528,049196,598212,059102,186102,311166,060

13, 604,996

Tax in individual returns for 1916 to 1981 by net income classes 1


Net income classes

Under 11-22-3 -3-55-1010-2525-50 _ .50-100100-150150-300300-500500-l,000.__1,000 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, 886112,910115,712

52,33061,49631,86025,11231,420

719, 387

1922

24727, 08120,73047, 53370,388

123, 576125, 697144,093

71, 33798,81043,48838, 55949,518

861,057

1923

31718, 25316,60646,04854,075

103,109103,601108,879

55,71962,10431, 66925,49835, 788

661,666

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofindividuals are summarized on pp. 198-203. 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.



Tax in individual returns for 1916 to 1931 by net income classes—Continued[Money figures and net income classes in thousands of dollars]

Net incomeclasses

Under 11-22-33-55-1010-2525-5050-100 .100-150150-300300-500. . _ .500-1,0001,000 and over

Total

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

1928

601,5504,3177,475

22, 89682, 758

136,568194, 447116, 855182, 514113, 250116,424185,140

1,164, 254

1929

17553

1,4042,4139,551

59,893113,904160,81499,560

159, 22197,336

106, 219191,054

1,001, 938

1930

371,2693,3105,352

17, 44849, 56172, 70887, 37948, 74962, 46333, 05334, 28961,098

476,715

1931

24943

2,4663,832

12, 40731,89740,09644,78023,13528, 79315, 41115,45726,886

246,127

Average rate of tax on net income^ in individual returns for 1916 to 1931, by netincome classes l

Net income classes


Under 11-22-33-5 . -5-1010-2525-50 _50-100100-150 .150-300300-500500-1,0001,000 and over - .

All returns

Net income classes


Under 11-2 _ _2-33-55-10 _.10-2525-5050-100100-150150-300300-500 _500-1,0001,000 and over

All returns

1916 1917 1918 1919 1920 1921 1922 1923

Percent

0.12.61.94

1.412.253.484.756.608.14

11.09

2.75

1924

0.06.29.19.39.96

2.736.84

12.8120.0424.6926.7326.8730.27

2.74

0.66.44.86

2.414.787.34

10.0413.9218.2723.9327.6335.65

5.06

1925

0.12.10.19.16.55

2.095.94

10.4213.8715.7316.4016.3915.83

3.35

1.19.98

2.354.348.20

13.3221. 6933.6844.6454.7758. 6564. 65

7.08

1926

0.08. 10.21. 15.52

1.985.77

10.1413. 6615.7216.2416.8816. 56

3.33

0.87.74

1.683.106.83

12.1320.7933.1243.9454.0859.4264.87

6.39

1927

0.91.74

1.663.196.76

11.8020.2032.6143.0452.6757.0863.81

4.53

1928

Percent

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

0.08.81.39

1.052.906.48

11.5319.8732.0042.1451.9458.7063.59

3.67

1929

0.02.04.07.05.21

1.495.249.77

12.9214.6415.4915.8615.76

4.04

0.10.75.40

1.062.665.48

10.4017.8927.4237.0337.2735.8135.02

4.04

1930

0.04.08.18.13.47

1.705.259.51

13.0314.9115.9616.2016.98

2.63

0.13.49.27.71

2 044.067.67

13.0619.8523.8325.4226.8123.53

2.67

1931

0.02.07.15.11.44

1.594.898.48

11.7713.5815.0815.1116.19

1.81

1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns ofindividuals are summarized on pp. 198-203. 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, andfollowing years.


4 2 STATISTICS OF INCOME

Sources of income and deductions, individual returns for 1916 to 1931 l

[Thousands of dollars]

Distribution

Income:Wages and salaries 3

Business *Partnership 5

Profit from sale of realestate, stocks, bonds, etc.,other than taxed as cap-ital net gain from sale ofassets held more than 2years6 __ _

Capital net gain from saleof assets held more than2 years 7_ ---

Rents and royalties...Interest on Government

obligations not whollyexempt from tax 8

Dividends on stock of do-mestic corporations 9

Fiduciary10 __ .Interest and other income n-

Total income

Deductions:Contributions 12

All other ._

Total deductions _

Net income

Distribution

Income:Wages and salaries 3_-Business4

Partnership 5Profit 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 2years 7 __ _

Rents and royaltiesInterest on Government

obligations not whollyexempt from tax 8_. _ _

Dividends on stock of do-mestic corporations 9

Fiduciary10

Interest other than obliga-tions wholly or partiallytax-exempt H_-_ _ -._ .

Other income n

Total income

Deductions:Net loss from sale of real

estate, stocks, bonds, etc.,other than reported fortax credit on capital netloss from sale of assetsheld more than 2 years li

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

J 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 J3

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, 470,1£7

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, 569

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

/ 1,675,916I 350,981

26, 208, 561

227,879507, 705

2, 927,886

3, 663,470

22, 545,091

For footnotes, see p. 45.



Sources of income and deductions, individual returns for 1916 to 1931—Continued

[Thousands of dollars]

Distribution


Business 4

Partnership 5Profit from sale of real estate, stocks, bonds, etc.,

other than taxed as capital net gain from sale ofassets held more than 2 years 6

Capital net gain from sale of assets held more than 2years 7

Rents and royaltiesInterest on Government obligations not wholly

exempt from tax 8

Dividends on stock of domestic corporations 9

Fiduciary 10

Interest other than obligations wholly or partiallytax-exempt n _._

Other income n

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 assets held more than 2 years 14__.

Net loss from business and partnership 15

Contributions *2 _._.Allother

Total deductions..

Net income

1928

10,862,3313, 243,9551,929, 520

2,928,142

1, 879, 7801,164, 518

40, 5534,350, 979443,998

1,841,818302, 040

28, 987, 625

171,743

532,8863,056, 679

3, 761, 308

25, 226, 327

11,198,9793,378, 9841,853,142

2,337,857

2,346, 7041, 286,072

40,1844,786,028508,479

1, 912,866297, 656

29, 946, 952

995,944

528, 8853, 621, 388

5,146, 217

24,800, 736

1930

9,921,9522, 628,0571,089, 646

636, 738

556, 392974,325

38,1344,197,304429,459

1, 608,434332,004

22,412,446

1, 232, 776172, 538424,771

2, 463, 726

4,293,811

18,118,635

1931

8,325,1621,889,759729, 523

301, 664

169,949770, 764

25, 3253,113,861369,140

1, 337, 606235,696

17, 268,451

1,160,765134, 685328,300

2,039, 705

3, 663,455

13, 604, 996

Sources of income and deductions, individual returns for 1916 to 1931 of net incomeof $5,000 and over *


Distribution

Number of returns

Income:Wages and salaries 3 _ _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 years6

Capital net gain from sale of assets heldmore than 2 years 7

Interest on Government obligations notwholly exempt from tax 8

Dividends on stock of domestic corpora-tions 9 _-

Interest and other income n

Total income

Deductions:Contributions Âllother ___

Total deductions

Net income

16

1,2

1916

272, 252

398, 329386,905

516, 742

2,098, 428

7,

1,

1,

5,

627,943

393,672

719, 764

719, 764

673,909

11

1917

432, 662

794,790062, 772581, 708

217,929

340, 868

2,648,155

7

7

822, 480

468, 702

186,907271,391

458, 297

010,404

1

1918

478,962

103, 819148, 297913,853

187,406

386, 474

2,133, 209

7

1

1

6

799,186

672, 243

142,003

142,003

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

2

10,

1,

1,

8,

451,878

60, 432

363,880

847,894

375, 561

914,150

914,150

461,412


177160—34 4



Sources of income and deductions, individual returns for 1916 to 1931 of net incomeof $5,000 and over—Continued[Money figures in thousands of dollars]

Distribution 1921 1922 1923 i 1924 1925 1926

Number of returns _ 525,606 594,211 625,897 697,138 830, 670 894,868


Business 4

Partnership 5_Profit from sale of real estate,

stocks, bonds, etc., other thantaxed as capital net gain fromsale of assets held more than 2years 6

Capital net gain from sale of as-sets held more than 2 years 7 - . .

Rents and royalties - —Interest on Government obliga-

tions not wholly exempt fromtax».__

Dividends on stock of domesticcorporations 9

Fiduciary 10

Interest and other income n

2,831,520816,040903, 571

254, 456

420,932

40, 281

1,915,138

732, 697

2,933,4541,012,440

918,183

490, 794

249,248482,189

30,962

2,173,499197,189850,935

3,166,967 3,490,9161,069, 740 1, 290, 722

928,690 ' 1,112,710

462, 489

305,394501,489

30,695

2,442,635236, 665870, 996

Total income.. 7, 914, 635 9,338,893 10,015,75c

Deductions:Net loss from business and part-

nership - . -Contributions i2...Allother - . - - 1, 552,857

211,8631,323,007

240,7921,401,047

Total deductions..

Net income

1, 552,857 1, 534,871 1, 641, 839

6,361, 778 7,804,022 8,373, 920

770,026

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

11,410,761 4,827,127 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 12, 777,6 13,227,659

Distribution 1927 1928 1929 1930 1931

Number of returns -


Business 4

Partnership 5

Profit from sale of real estate, stocks,bonds, etc., other than taxed as capitalnet gain from sale of assets held morethan 2 years 6

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 aFiduciary 10

Interest other than obligations wholly orpartially tax-exempt n

Other income n

913,597 1,010,887 1,032,071 810,431 590,731

4, 524, 2761, 704,1751,354, 422

1, 511, 859

1,081,186644,302

47,479

3,761,910329,351

1,115,925185, 099

5,008,2861,772,2551, 583, 322

2, 700, 557

1,879,780637,371

40, 553

4,009, 915364,889

1, 230,178196, 111

5,179,0411,836,3291,497,922

2,044,058

2, 346, 704649,124

40,184

4,247,031422,076

1, 257, 590190,110

4,407,6061,215,452

786,931

527,653

556,392479,401

38,134

3, 708,656338,400

1,018,001130,191

3,320,028766,730492,147

196,574

Total income. 16, 259,984 19,423,216 19,710,168 13, 206,817

306, 336

25,325

2,583, 674280, 627

749,345120, 845

9,011, 581

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 14

Net loss from business, and partnership ™.Contributions 12

Allother.

136,482353,188

1,706,122

129,865 632, 693

390,9231,946,467

384,4581,997,123

947,121105,219286, 218

1,347,170

813,50372,129

202,979981,341

Total deductions.

Net income

2,195, 792 2,467, 255 3,014, 274 2, 685, 728 2,069,948

14,064,193 16,955,961 16,695,895 10,521, 088 6,941, 633




Footnotes for tables on pp. 42, 43 and 44.

1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns ofindividuals are summarized on pp. 198-203. 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.s 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.s 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 denned 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 1916.7 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation

beginning 1922.8 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."»Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations

(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.i° 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."11 Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;

includes interest on tax-free conyenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in 1917and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as de-scribed in note 10.

12 Contributions 1916, 1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not availablefor returns of net income of $5,000 and over.

13 According to 1923 Statistics of Income (unrevised).14 Included in "All other" deductions in 1917 to 1925, inclusive.« Included in "All other" deductions in 1917 to 1929, inclusive.



Corporation returns for 1909 to 1931 showing total number, number and percent withnet income and no net income, gross income, net income, deficit, and tax l


19091910191119121913191419151916191719181919192019211922192319241925192619271928192919301931

Year

19091910191119121913191419151916 _ __191719181919192019211922192319241925192619271928192919301931

Gross ]

Returnsshowing

net income

32, 531,09779, 540,00579, 706, 65988, 261,00693, 824, 22560,051,12380, 331,08097, 457,47997,158,997

113, 692, 683118,022,117115,324,340

6 127, 369, 525129, 633, 79289,561,49552,051, 035

Number of returns

Total

262,490270, 202288, 352305, 336316,909

s 299, 4455 366,443

341, 253351, 426317, 579320,198345, 595356, 397382, 883398, 933417,421430.072455, 320475,031495, 892509, 436518,736516, 404

Showingnet

income

ncome

Returnsshowing nonet income

2, 796, 5345,153, 2346, 757, 622

11, 657, 74824, 381, 33831,198,15020, 588, 83521,106,18422,070, 497

! 20,568,06624,107, 73629, 074, 012

6 25,411,98930,987, 71746, 500, 56455, 464, 204

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, 898

Showingno net

income 2

* 209, 9924 216,162i 233, 2234 244, 220

128, 043125, 240175, 532134, 269119,347115,518110,564142, 362185,158170, 348165, 594181, 032177, 738197,186165, 826174, 828186, 591241,616283, 806

Net income

3, 500, 0003, 761, 0003, 503,0004,151,0004, 714, 0003,940, 0005, 310,0008, 765, 909

10, 730, 3608, 361, 5119,411,4187, 902, 6554, 336, 0486,963,8118, 321, 5297, 586,6529, 583, 6849, 673, 4038, 981, 884

10, 617, 74111, 653, 8866, 428, 8133, 683, 368

Showingno incomedata—in-

activecorpora-tions 2

49, 35652, 28153,41555, 70056, 700

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, 5956,970,913

Percent of total

Showingnet

income

3 203 203 193 20

60585261666465594856585759575554534334

Showingno net

income 2

.80

4 81* 80

40424839343635415244424341433535374655

Showingno incomedata—in-

activecorpora-tions 2

1011101111

Tax

Income tax

20,96033, 51228, 58335,00643,12839,14556,994

171, 805503, 698653,198743, 536636, 508366, 444775, 310937,106881, 550

1,170, 3311, 229, 7971,130,6741,184,1421,193, 436

711, 704398, 994

War profitsand excessprofits tax

L, 638, 748I, 505, 5661,431,806

988, 726335,1327 8,466

Total tax

20,96033,51228, 58335,00643,12839 14556,994

171,8052,142,4463,158, 7642,175, 3421, 625, 235

701, 576783,776937,106881, 550

1,170, 3311, 229, 7971,130, 6741,184,1421,193, 436

711, 704398 994

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp . 204-207; general explanations appear on pp . 1-4. 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 assessments,etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 include incometax, $32,456,663; excise tax $10,671,077 (Act of Aug. 5, 1909).

2 Prior to 1927, returns for inactive corporations showing no income da ta were included with re turnsshowing no net income.

3 Returns showing net income in excess of $5,000 exemption.4 Returns showing net income not in excess of $5,000 exemption or deficit.s 1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of

Internal Revenue, 1916, p . 26.)6 Revised figures.7 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.



Corporation returns for 1928 to 1931 by net income and deficit classes, showingnumber of returns, net income, and deficit l

[Money figures and net income and deficit classes in thousands of dollars]

Net income and defi-cit classes

Under 11-2 . .2-33-4 .4-55-10

15-2020-25_.25-5050-100100-250_. .250-500500-1,0001,000-5,000 -5,000 and over. .

Total

Net income and defi-cit classes

Under 11-22-33-44-5 __.5-1010-1515-2020-2525-50 . .50-100100-250250-500-.500-1,0001,000-5,0005,000 and over

TotalReturns showing no

income data—inac-tive corporations

Grand total—netincome lessdeficit

1928

Numberof

returns

Net in-come ordeficit

1929

Numberof

returns


1930

Numberof

returns


1931

Numberof

returns



68,46642,16135, 93019, 39211,81129,87613, 7078,2686,953

12, 4808,7346,1942,2671,2861,029

229

268, 783

28,66862, 62590,12866, 72452, 758

211, 526168, 262143, 246156, 097445, 895609,179959,922794,021898, 405

2,119, 9263, 810, 359

10, 617, 741

1928

Numberof

returns


69,45641,29237, 67519,45811, 79529, 62713, 3998,4246,641

12, 3978, 3165, 9742, 2831, 3441,049

300

269,430

29, 28161,04194,81866, 92052, 716

209, 764164, 277145, 908149, 630441,615582, 968923, 944796,186932,110

2,116,7804, 885, 929

11,653,886

1929

Numberof

returns


71, 32237,88132, 79814, 7328,367

19, 7608, 9555,3923,9927,3724,9053,2601,259

689576160

221, 420

29, 63155, 73882, 60550, 56937,488

139, 687109,55193, 27189, 664

262, 844341, 578499,648438,512481, 838

1,177,9482, 538, 241

6, 428, 813

1930

Numberof

returns


70,16831, 70224, 3129,7035,481

12, 8135,3213,3012,4404,4502,7551,941

72937332188

175,898

27,83646, 32860, 78233, 28224, 51990,19865, 29257,08054,847

157, 445192,198296, 252252, 021265, 232647,197

1, 412, 858

3, 683, 368

1931

Numberof

returns



54,63324,81116, 57611,9078,827

23,45710, 4245,7893,6197,7073,9902,048

557287186

10

174, 828

52, 281

495, 892

21,90136,40341,17341,41739,568

166, 746127, 634100, 06780, 839

268, 262276, 902311, 304193,695200, 947342, 218142, 049

2, 391,124

8, 226, 617

58,15426, 37617, 52012, 4029, 353

25, 02811,1276,1304, 0098,4484,2432, 444

749341244

23

186, 591

53,415

509,436

22, 65738, 77743,59043, 23941,951

178,512136,219106, 49289,861

295, 037295, 022371,077258, 990236,428468, 723287, 554

2,914,128

8, 739, 758

67, 54132, 80522, 40416, 59312,32534, 20815, 6588,8825,777

12, 3416,6804,0021, 244

63048343

241,616

55, 700

518,736

26, 34448,14655, 56457, 65755, 379

243, 935191, 881153, 647129, 329431, 924463, 450612, 510430, 634437,108949, 652590, 434

4, 877, 595

1,551,218

78, 04638, 37326, 02719, 28014, 52940, 09018, 46410, 6136,688

15,2197,9715,1671,620

884712123

283,806

56, 700

516,404

30, 36356, 37664,45167, 07065, 098

284, 961226, 091183, 750149, 584532, 653555,143794, 446562, 614613, 928

1,416,9231,367,460

6, 970,913

2 3, 287, 545

1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 204-207; general explanations appear on pp. 1-4. 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.

2 Deficit.



Corporations submitting balance sheets for 1926 to 1981, showing the number ofbalance sheets and major items of assets and liabilities at end of calendar year orat close of fiscal year nearest thereto


Year

1926.1927.192819291930.1931.

Numberof returns

filed i

455, 320425, 675443,611456, 021463,036459, 704

Numberof balance

sheets

359,449379,156384, 548398,815403,173381,088

Total assets-total liabili-

ties 2

* 262,178, 684287, 542, 317307, 218, 377335, 777, 910334,001,852296,497,029

Assets

Cash 3

16,801,53216,851, 21721,952,41922,371,16821,012,13515,880, 250

Notes andaccounts

receivable

23, 551,61050,959, 38762,804,34566,810, 46459, 675, 39348,667,199

Invento-ries

20,939,02721,005,34420, 751, 29221, 910,97318, 771,46415,139,933

Year

1926--.192719281929__ _.19301931

Assets—C ontinued

Tax-exemptinvest-ments 5

8, 694, 4339, 780, 521

10,116,16010, 338,36410, 228, 22910,667,192

Invest-ments other

than tax-exempt-

stocks,bonds,

mortgages,loans, realestate, etc.6

55,844,14883,809, 28974, 305,333

Capitalassets-

real estate,buildings,and equip-ment (lessdeprecia-

tion)

97, 523, 460104, 945, 293109,931,470116, 446,100120,994,370115, 302, 699

Year

192619271928- _ _192919301931

Miscellane-ous assets

94, 668,62384, 000, 55581, 662, 69142,056, 69319,510,97116, 534,423

Liabilities

Notes andaccountspayable

24,041,91624,125,89527, 437, 29229,452, 53726, 869, 68723,251,397

Bondeddebt andmortgages

« 31,801,041* 37, 739, 571

42,943, 30146, 642, 53550, 281, 68148,100,961

Miscellane-ous liabili-

ties

< 87,075,6734 93, 274,333* 93,950,013* 99, 313, 619

95, 768,37081,881,781

Liabilities—Continued

Capital stock

Preferred

17,146,12217,800, 27818, 475,45919,738,15919,116, 68719,116,829

Common

67, 516, 63574, 080,96677, 256,128

4 85, 519, 76587,067, 02579,793, 727

Surplus and• undivided

profits

39,154,42645, 414, 69752, 069, 29260, 699,18961, 631,98651, 976,381

Deficit

4, 557,1304, 893,4234, 913,1095, 587, 8956, 733, 5837, 624, 047

Surplus andundividedprofits less

deficit

34,597,29640, 521, 27447,156,18355, 111, 29454,898,40344,352,334

1 Excludes returns for inactive corporations.2 See text, p. 28.3 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 this report, p. 32.6 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.



ESTATE-TAX RETURNS

The following tables are compiled from estate-tax returns filedduring the year ended December 31, 1932. They do not representthe estates of persons who died within this period, since the returnsare not required to be filed until one year after the date of death, andunder certain conditions further extensions of time are granted forfiling. Under the Revenue Acts of 1926 and 1928 a return mustbe filed in the case of every resident decedent the value of whoseestate (value at time of his death of all personal property, tangibleor intangible, wherever situated, and all real property situatedin the United States) exceeds $100,000. For deaths prior to Feb-ruary 26, 1926 (10:25 a.m., Washington, D.C., time), and subse-quent to June 6, 1932 (5 p.m., Washington, D.C., time), a returnis required if the gross estate exceeds $50,000 in value at date ofdeath. A return must be filed in the case of every nonresidentdecedent who owned property situated in the United States, regard-less of value.

The tax is imposed not upon the property or upon any particularlegacy, devise, or distributive share but upon its transfer. The rela-tionship of the beneficiary to the decedent has no bearing upon thetax 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 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 authorized deductions, and in the case ofresident decedents a specific exemption of $100,000 for individualswho died from February 26, 1926, to June 6, 1932. Estate-taxreturns filed under the Revenue Acts of 1926 and 1928 are alloweda tax credit not to exceed 80 percent of the total Federal estatetax for estate, inheritance, legacy, or succession taxes paid to anyof the several States, Territories, or the District of Columbia. Underthe Revenue Act of 1924 the tax credit was limited to 25 percentof the total Federal estate tax. Prior to the Revenue Act of 1924this tax credit was not allowed.

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 receiptsof taxes during the period for the reason that payments may bemade at a later date than the filing of the return, and for the reasonthat field investigation and office audit may disclose deficiency taxesor excess payments which are not reflected in these tables. Forstatistical purposes the returns are classified by the size of the netestate corresponding to the successive tax brackets specified in theRevenue Act of 1926.



TABLE 1.—Estate tax returns of resident decedents, by net estate classes, showing[Money figures and estate classes

[Returns filed from Jan. 1

Total

Nontaxable re-turns—Gross es-tate classes

Under 50 50 and

Number of returns.

Gross estate: *Real estate..

Investments in bonds and stocks:Federal Government bonds:

Wholly tax-exempt2

Partially tax-exempt2

State and municipal bonds, wholly tax-exempt-All other bonds

Total bondsCapital stock in corporation..

Total bonds and stocks

Mortgages, notes, cash, etcInsurance (gross)Miscellaneous propertyTransfers made in contemplation of or intended to take effect at or

after deathGeneral power of appointment exercised by will or by deed in

contemplation of deathProperty from an estate taxed within 5 years; value at date of

death of present decedent

Total gross estate .

Deductions:Insurance exemptionFuneral and administrative expensesDebts, unpaid mortgages, etcProperty from an estate taxed within 5 years; value i

previous decedent's deathCharitable, public, and similar bequestsSpecific exemption

the date of

Total deductions..

7,113 100

433, 374 90,132

50, 70344, 201

192, 401194, 343

14022

120

1,6092,8624,073

16, 546

481, 6481,066, 766

182453

1, 548, 414 635

25,09195, 592

120, 683

341,121135, 339143, 439

65, 211

23,420

105, 501

449988241

63

!, 795,818

22

3,040

38, 24633, 81520, 701

8,248

1, 457

32, 401

345, 683

46, 565112, 275391,679

83, 525190, 916696,850

754253

2,263

2069

8,900

12, 87515,996

162,757

29, 54244, 406

188, 450

1,521,810 12, 259 454, 024

Net estateTax before tax creditsTax credit for estate, inheritance, legacy, or succession taxes actually

paid to any of the several States, Territories, or District of Columbia 3..

Tax _ _

1, 391, 56984, 006

61, 642

22, 364




number, gross estate by form of property, deductions, net estate, and taxin thousands of dollars]

to Dec. 31, 1932]

Taxable returns—Net estate classes

Under 50

1,869

62,431

1,1056,3555,664

24, 242

37, 36687,127

124, 493

56, 47118, 01913, 895

9,245

830

8,070

293, 454

8, 37812, 77430, 204

6,39915, 377

179, 400

252, 533

40, 921431

282

149

50 under100

893

37, 622

1,2574,4844,915

17,077

27,73363, 468

91, 201

32,14513,83310,024

6,281

1,552

5,934

198, 592

5,6948,517

19, 493

5,4576,462

88,050

133, 673

64,919883

630

253

100 unde r200

899

49, 682

1,3455,7367,449

25, 046

39," 577101, 201

140, 778

42, 39320, 81512,972

7,473

1,457

7,003

282, 573

6,26711,41831, 024

5,75910,42088,850

153, 739

128, 8342,598

1,869

730

200 under400

701

48, 210

3,9658,752

16,86429,010

58, 590133,001

191, 591

46,16017,30615, 986

10,104

2,848

7,791

400 under600

267

28,600

3,5453,438

21,55817,322

45, 86376, 758

122, 621

30, 2567,766

12, 594

7,984

2,338

1,781

339,996 | 213,939

5,56314, 23427, 269

7,55020, 30369,400

144, 318

195, 6785,538

4,102

1,436

2,4937,818

19, 383

1,46226, 40226, 600

84,158

129,7814,477

3, 411

1, 066

600 unde r800

147

17, 246

3,1063,5939,676

11,022

27, 39767, 687

95, 084

16,1525,6095,255

4,060

590

2,819

146, 815

1,6136,190

12, 543

2,5178,299

14, 600

45,762

101, 0524,192

3,131

1,061

800 under1,000

86

9,574

2,0241, 4677,4118,979

19,88152. 243

72,123

9,6722,4097,660

3,152

913

700

106, 204

8024,2246,605

0 6868,0218,500

28, 838

77, 3663,692

2,728

963

1,000 under1,500

99

16,456

5,2162,902

14,18311,391

33, 69272, 585

106, 277

15,3507,9669,943

3,256

1,680

2,296

163, 225

8905,728

13, 375

2,26110,9449,850

43, 048

120,1776,576

4,942

1,634



TABLE 1.—Estate tax returns of resident decedents, by net estate classes, showing[Money figures and estate classes

Taxable returns—Net estateclasses

1,500under2,000

2,000under2,500

2,500under3,000

Number of returns.

Gross estate: l

Real estate

Investments in bonds and stocks:Federal Government bonds:

Wholly tax-exempt2. _ _Partially tax-exempt2

State and municipal bonds, wholly tax-exempt..All other bonds

Total bonds

Capital stock in corporations-

Total bonds and stocksMortgages, notes, cash, e tc . . . - _ __ -Insurance (gross) __Miscellaneous property.Transfers made in contemplation of or intended to take effect at or

after deathGeneral power of appointment exercised by will or by deed in con-

templation of deathProperty from an estate taxed within 5 years; value at date of death

of present decedent

Total gross estate_

Deductions:Insurance exemption -Funeral and administrative expensesDebts, unpaid mortgages, etc - . . _.Property from an estate taxed within 5 years; value at the date of

previous decedent's deathh i t b l hli d ip e i o u s dece

Charitable, puhlic, and similar bequestsSpecific exemption

Total deductions

Net estate

Tax before tax creditsTax credit for estate, inheritance, legacy, or succession taxes actually

paid to any of the several States, Territories, or District of Columbia3

Tax

49

13, 001

3,939973

9,5335,775

20, 22052, 542

72, 762

7,7562,7674,676

244

796

102,830

3773,8808,262

7271,2784,850

19,374

83,456

5,406

3,826

1,580

22

6,911

1,969706

9,5163,523

15, 71429, 237

44,952

7,741249

1,667

209

1,535

30, 006

666,8023,422

15, 76115, 8852,200

44,135

49,134

3,450

2,718

733

17

1,8881,3096,6802,162

12, 03931, 795

43,834

3,744442879

9

1,919

55, 079

2502,2703,117

480532

1,700

8,349

46, 730

3,585

2,563

1,022

1 Jointly owned property totaling $56,859,638 is distributed by form of property.2 The terms wholly tax-exempt and partially tax-exempt mean that the interest on these securities is

wholly or partially exempt from income tax (normal tax and surtax) of the Federal Government.3 Limited to 25 percent of the total tax after the effective date of the Revenue Act of 1924 (June 2,

1924) and prior to effective date of Revenue Act of 1926 (Feb. 26, 1926) and to 80 percent of the totaltax after the effective date of the Revenue Act of 1926.


STATISTICS OF INCOME 53number, gross estate by form of property, deductions, net estate, and tax—Continuedin thousands of dollars]

Taxable returns—Net estate classes

3,000under3,500

10

3,050

679228

7,1961,652

9,75416,747

26, 501

4,076459

3,304

2,769

40,158

1311.6593,135

2,274262

1,000

8,461

31, 697

2,584

1,824

760

3,500under4,000

9

11, 276

1,00277

4,400376

5,85624, 534

30, 390

3,94474

1,354

47, 038

741,6159,047

1,487900

13,122

33,916

3,001

2,110

891

4,000under5,000

9

2,446

2,291350

7,3422,606

12, 58828,999

41, 587

1,277333377

1,088

2,36149,468

1601,8683,974

2, 361375900

9,637

39,831

3,822

2,904

918

5,000under6,000

7

2, 648

2,345490

7,7314,439

15,00420, 777

35,781

2,466141

1,121

141

152

42,450

251,0011,409

151458700

3,745

38, 705

4,080

3,233

847

6.000under7,000

7

4,279

4,02516

10, 982749

15, 77140,308

56, 079

5,156652

6, 519

1,655

11874,459

711,164

17,104

11810, 510

700

29, 666

44, 793

5,021

3,931

1,090

7,000under8,000

2

440

1,041354

12,1371,746

15,2781,772

17,050

624158437

18, 708

396176

2,276200

3,048

15, 660

1,909

1,527

382

8,000under9,000

4

830

4,27344

15,3685,096

24, 7818,964

33, 745

6,402408799

4

42,188

431,832

975

5,148400

8,399

33, 790

4,256

3,400

857

9,000under10,000

1

34

25

2516,504

16, 529

43

74

16, 680

2626,652

200100

7,214

9,466

1,252

1,002

250

10,000and over

6

24, 096

4,05427

9,6995,466

19, 24744,472

63,719

10, 5981,130

12,960

1,550

5,917

119, 970

402,3769,489

1,804600

14,309

105, 662

17, 253

11,511

5,743



TABLE 2.—Estate-tax returns of resident decedents, by States and Territories and bytax before tax credits, tax credits, ratio of

[Returns filed from Jan. 1

States and Territories

Alabama _.. . . . _._AlaskaArizona _ArkansasCaliforniaColorado... . .ConnecticutDelawareDistrict of Columbia-. .FloridaGeorgia ._HawaiiIdaho _Illinois _IndianaIowa _Kansas _ _ .Kentucky.._ __ _._ . . . . .LouisianaMaineMarylandMassachusetts _ _ _ _ . .MichiganMinnesota _ _MississippiMissouri _ _MontanaNebraska . _ _ . .NevadaNew HampshireNew Jersey ___ .New MexicoNew YorkNorth Carolina. _ . . .North DakotaOhioOklahoma .OregonPennsylvania . _ .Rhode IslandSouth CarolinaSouth DakotaTennessee _ . _ _ . . . _ _TexasUtahVermont . . . . . . . . . . . . . . . .VirginiaWashingtonWest Virginia.. . . . . . . . _WisconsinWyoming _ _

Total, .

Totalnumber

of returns

37

1519

68445

1931675

10869135

47812311475665256

1314102008628

1821160

138

4042

1 471735

3055127

69070251151

1941320936336

1136

7,113

Taxable returns

Number

29

1111

45027

15411616442

82

298727556454040

1043061476620

1268

451

27317

21,128

463

2274020

51456197

31108

111562432579

5

5,104

Gross estate(thousandsof dollars)

12,079

3,5522,570

143, 2537,727

81, 0567,241

39, 49519,83413,3373,708

263186, 09623,85119,14712, 71813,83610, 85411,58746, 712

166, 99085, 82639, 4396,010

54, 9312,081

10, 300188

9,338137,142

323697, 631

11,927554

95,05012, 5796,316

278, 27733, 665

8,1852,656

10, 45236, 422

2,6685,885

21, 52713,0779,348

28, 596793

2, 447, 096

Deductions(thousandsof dollars)

4,305

2,5381,583

65,1024,507

31, 5812,225

16, 7669,7156,9091,821

21986, 99110, 90211,2116,4876,4106,0136,165

22, 58362, 47932, 26412, 6913,042

24, 6761,0085,321

1353,706

55,815292

306,0656,690

41243, 609

4,9783,206

106,80410,9443,629

8224, 650

19,4951,4413,1889,5856,9614,015

12,940628

1, 055, 527

1 Credit for estate, inheritance, legacy, or succession taxes actually paid to any of the several States,Territories, or District of Columbia (limited to 25 percent of the total tax after the effective date of theRevenue Act of 1924 (June 2, 1924), and prior to the effective date of the Revenue Act of 1926 (Feb. 26, 1926)and to 80 percent of the total tax after the effective date of the Revenue Act of 1926).


STATISTICS OF INCOME 55taxable and nontaxable returns, showing number, gross estate, deductions, net estate,tax credits to tax before tax credits, and tax

to Dec. 31, 1932]

Net estate(thousandsof dollars)

7,774

1,014988

78,1513,220

49,4765,016

22, 72910,1196,4281,887

4499,10512,9497,9366,2317,4254,8415,422

24,128104, 511

53, 56226, 7492,968

30, 2561,0734,979

535,632

81,32631

391, 5665,237

14251, 4417,6013,110

171,47322, 7224,5551,8345,802

16,9271,2262,697

11,9426,1165,333

15,656165

1, 391, 569

Taxable returns—Continued

Tax beforetax credits

$430,984

22,40318,975

3, 679, 91776,427

2,372,021362,156

1, 284,901345, 360216,868

63, 673437

7,859, 298482,999214, 396176,977344,268111,946155, 224

1, 522,6216, 328, 7173, 324,0931, 666, 551

84,1411,465,160

26,149134,996

553219,192

4, 309,225312

29,076,934176,069

1,5302,300,101

272,08382, 703

10, 678,6261, 228,008

185,85066,973

187,168565,408

27, 023105,948528,020176,803168, 274876,007

1,875

84, 006, 343

Tax credits i

$25, 226

17,9238,662

2,852,86957, 545

1,879,012289, 724

44,028250, 290155,82950, 939

3475, 705, 083

326, 843162, 513131,086262,153

79,414120, 273

1,209,1155,060,1292,612, 5131, 302, 775

48, 7771,154, 892

19,923103, 276

175, 0893,081, 219

25020, 778,957

120,9871,224

1, 735, 258111, 08866,161

8,454, 655983, 210151, 258

53,578146, 312358, 726

21,47984,005

417, 217137,906130,390700, 774

1,500

61,642,402

Ratio oftax credits

to taxbefore tax

credits(percent)

5.85

80.0045.6577.5375.2979.2280.00

3.4372.4771.8580.0079.4172.5967.6775.8074.0776.1570.9477.4879.4179.9678.5978.1757.9778.8276.1976.50

79.8871.5080.1371.4668.7280.0075.4440.8380.0079.1780.0781.3980.0078.1763.4579.4879.2979.0278.0079.4980.0080.00

73.38

Tax

$405, 758

4,48010,313

827,04818,882

493,00972,432

1, 240, 87395,07061,03912, 734

902,154, 215

156,15651,88345,89182,11532, 53234,951

313, 5061,268,588

711, 580363, 776

35, 364310, 268

6,22631,720

55344,103

1, 228,00662

8, 297,97755,082

306564,843160, 995

16, 5422, 223,971

244,79834, 59213,39540,856

206, 6825,544

21,943110, 80338,89737, 884

175,233375

22, 363, 941

Nontaxable returns

Number

8

48

2341839

5144427

53

18051391921121627

10453208

563

15

1187

34327

278117

1761464

2086

25

31201134

1

2,009

Gross estate(thousandsof dollars)

974

8171,318

31,8112,0798,266

7802,0555,1394,392

782310

31, 7965,9237,1032,5093,2753,0392,6153,329

16, 75010,4883,1991,141

15,6832,5921,586

1,87815, 018

62,9544,075

32320,446

1,4321,285

30,9499,091

788481

3,33910,837

287890

4,5972,1661,7316,195

210

348, 723

Deductions(thousandsof dollars)

1,195

1,0333,046

41, 6842,7899,503

9272,6037,3845,4861,178

39142,1768,627

10, 9583,4323,7973,9463,1274,239

21,89913,4945,3551,530

19,3813,5931,970

2,32319,439

84, 4355,977

42835,306

1,5901,942

39,0519,5781,092

6274,476

13, 748504

1,0115,9073,1782,3378,275

315

466, 283



TABLE 3.—Historical summary of estate tax returns filed for resident and nonresi-dent decedents, Sept. 9, 1916, to Dec. 31, 1932, showing number of returns, grossand net estate, and tax 1


Sept. 9, 1916-Jan. 15, 1922Jan 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, 1930 _Jan. 1-Dec. 31, 1931Jan. 1-Dec. 31, 1932

Sept. 9, 1916-Jan. 15, 1922Jan. 15-Dec. 31, 1922 .Jan 1-Dec 31 1923Jan 1-Dec. 31, 1924 . - .Jan. 1-Dec. 31, 1925Jan 1-Dec 31, 1926Jan. 1-Dec. 31, 1927 .Jan. 1-Dec. 31, 1928Jan 1-Dec. 31, 1929Jan. 1-Dec. 31, 1930Jan. 1-Dec. 31, 1931Jan 1-Dec. 31, 1932

Returns filed

Total

45,12613,87615,11914,51316,01914, 56710,70010, 23610, 34310,3829,8898,507

Residentdece-dents

42,23012,56313,96313,01114,01313,1429,3538,0798,5828,7988,3337,113

Nonresi-dent de-cedents

2,8961,3131,1561,5022,0061,4251,3472,1571,7611,5841,5561,394

Gross estate

Total

8,893, 2393,014,0732,804,3272, 566, 5223,001,0893,407,9233,173,2353, 554, 2703,893, 2464,165,6234,075, 5752,830,388

Net estate

Total

5, 509, 5221,704,9741, 532,0611,395,8161,658,8691,972, 5371,761,6171,992, 5032,313,9762,427,4542,356,3321,423,437

Residentdecedents

5,407,6741,652,8321, 504,6211,372,4211,621,0081,951,9691,735,8401,943,4292,268,3232, 376,9732, 327, 3191,391,569


101,84952,14227,44023,39537,86120, 56725,77749, 07545,65350,48129,01331,868

Residentdecedents

8, 785,6422,955,9592, 774, 7412, 540, 9222,958,3643, 386, 2673,146, 2903, 503, 2393,843, 5144,108, 5174,042,3812,795,818


107,59758,11329,58625,60042,72521, 65626,94551,03249, 73257,10633,19534, 570

Tax

Total

356,516120,56289,10971,93987,322

101,80541,68641,95944,38841,61745,20023,674

Residentdecedents

351,138117,62488,38471,45186,223

101,32440,93140, 56143,30339,00344, 54022,364


5,3782,938

726488

1,099481755

1,3981,0852,614

6601,310

i Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns aresummarized on pp. 208-209.

Tables exhibiting in more detail information from individual andcorporation income-tax returns, by States and Territories, by size ofnet income, and by industrial divisions are continued in the followingpages.

Respectfully,GUY T. HELVERING,

Commissioner oj Internal Revenue.

H. MORGENTHAU, J R . ,Acting Secreiray of the Treasury.


BASIC TABLES

INDIVIDUAL RETURNS

177160—33 57


TABLE 1.-—Individual returns for 1931 by States and Territories, showing populationand percent of population filing returns, number of returns, net income and tax;also average net income and average tax per return, and personal exemption andcredit for dependents

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]

Slates and Territories

AlabamaAlaska iArizonaArkansasCaliforniaColorado.- __ConnecticutDelawareDistrict of Columbia-FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentucky,LouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew Jersey !New Mexico -New YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennessee __.TexasUtahVermont.. _._VirginiaWashingtonWest VirginiaWisconsinWyoming

Popula-tion as of

July 1,1931(Bureau ofthe Censusestimate)

Percentof populationfiling

return;

2,669,00059, 800

Total _

443,0001, 862,0005,848, 0001,043,0001, 624,000

240, 000|491,000

1, 506, 0002, 909,000!

382, 000|446,000

7, 718,000|3, 262, 0002, 476, 00C1, 889, 0002, 630, 0002,125, 000

800, 0001, 645, 0004, 280, 0004,931,0002, 577,0002, 026, 0003, 646, 000

537, 6061, 384, 000

92,000467,000

4,109, 000428, 000

12, 756,0003, 217, 000

683, 0006, 714, 0002,424,000

967, 0009, 700, 000

694, 0001, 743, 000

697, 0002, 638,0005,913,000

512, 000360,000

2,430, 0001, 579, 0001, 749, 0002,962,000

228, 000

124,511,406

1.81.55

2. 4:4.o:3.4,

10.5/1.6*

l.'a1.33.51.6'1.21.461.03

&033.704.522.432.05.49

2.201.811.7;3.732.674.351.264..70

1.032.451.12.092.763.22.60

1.061.071.511.912.171.433.281.272.862.58

Numberof re-turns

Net income

19, 532 $70, 309, 29

8,0359,8: "

248, 72225, 27965, 3068,284

51, 92025, 34025, 7297,3285,864

270, 75954, 53429, 85027,49526, 99128, 93416, 21860,898

193, 504119, 62352,8539,888

80, 3569,722

23,9403,43112,477178, 7545,389

634, 05722, 6257,013

164,80928, 24220,181!

267,848!22,375J10, 5367,387

28.11789,1589,7857,803

34, 68951, 78122.11884, 681

5, 891

28, 745, 82329, 256, 385

967,099,00496, 661, 70C

309, 351, 26251, 044, 53

200, 628, 34105, 215,17C102,907,022

33, 869, 09218, 350, 07

1,182,411, 35C204,130, 79C119, 218,13C

91, 616,462103, 279, 556107, 673,82474, 771,180

277,129,170800, 923,153481,017,650213, 530, 77127,146, 285

331,482, 72634, 667, 09786,120,13114, 041, 65749, 243, 306

785, 764,18418, 231,469

3,108, 633, 72988, 042, 58018,469, 626

689, 352,13593, 593, 90173,154, 659

1,193,, 400, 020111,159,39733,858, 78122,130, 693107, 251,482333, 673, 46731,863, 65729,853,410129, 365, 027174, 858,45280, 333,944

251, 988, 00818,176,553

2. 59 3, 225,924 13, 604, 996,128

Tax

$640,46:

247, 28C107, 88C

14, 732, 28(1, 378,046, 067, 22£2, 283, 9012, 974, 7072, 219, 52C996, 751815, 67£46,Oil

22, 502,1232 , 5 4 0 , ••"1,137, 299880, 318

1, 012, 557891,912

1, 527,4365, 528, 21312, 380,19411, 028, 0182, 445, 441

87, 2214, 747, 522

209, 809723,426349,026563, 289

13, 971, 251117, 336

77,975, 7882, 030, 396

42, 5199, 742, 860

861, 871474, 055

24, 854, 5582, 598, 619

197, 943105, 602

1,413,6094, 634, 359

196, 095264, 753

1, 323, 7221, 238, 044

515, 6002. 438.474

65, 346

546,127, 277 4, 217

Average perreturn

Net in-come

$3, 60C

3,5752,96;3 , "3,82^4,73:6,1623,8644,15:4,0004, 6223, 12f4,3673,7433,9943,3323,8263,7214,6104, 5514,1394,0214,0402,7454,1253,5663,59'4,0933,9474,3963,3834,9033,8912,6344,1833,3143,6254,4554,9683,2142,996a, 8143,7423,2563,8263,7293,3773, 6322,9763,085

Tax

$32. 7£

30.7*10.9259.2254.5192. 9C

275. 7C57.2987.5938.74

111.37.8,

83.i:46. 5£38.1032.0237.530.8394.1890.7863.92.1946.278.8259.0821.5830.22101. 7345. 1578.1621.

122. 9889.746.06

59.1:30.5223.4992. 79

116.1418. 7914.3050.2851.20.0433.9338.1623.9123.3128.8011.09

Personalexemptionand creditfor depend-

ents

$61,565,280

23, 369, 25432, 297,992

709,440,43077, 723, 320

184,556, 72523,983,450

134,113,10081,083, 76482, 637, 56424, 525,19318, 230,121

815, 231, 337168, 551,90292, 369, 33486,193, 31881, 678,16286, 569, 66848,189,485

183,068, 627556, 773, 686369, 628, 336162, 007,884

32, 379, 611249,967, 77429,836,41976,066, 667

9, 335, 25835, 722,532

542, 747,90516,129,436

, 886, 543, 70873,463, 24323,032,481

506, 681, 92794,107, 65963,060,162

804, 538, 64365,608,81034,091, 77323, 756, 65888, 608, 677

258,915, 60532,435,68023, 603, 512

106, 356,162156,581,56368, 428, 879

258, 061, 52418,290,842

76.30 9,682,141,042

1 Included in the State of Washington59

177160—34 5



TABLE 2.—Individual returns for 1931 by net income classes, showing number ofreturns, net income and tax, average tax per return and average rate of tax, per-sonal exemption and credit for dependents, tax before tax credits, and tax credits


Net income classes


Number ofreturns

Under 1 J (estimated)Under 1 (estimated)1-2 i (estimated)1-2 (estimated)2-3 J (estimated)2-3 (estimated)3-4 i (estimated) _3-4 (estimated)4-5 i (estimated).4-5 (estimated)5 6 i5-66-7 16-77-8i7-8.8-9 18-99-1019-1010-1111-1212-13

14-1515-2020-2525-30. . -30-4040-5050-60 - .60-7070-8080-9090-100100-150-150-200200-250--.250-300300-400400-500500-750-750-1,0001,000-1,500 —1,500-2,0002,000-3,0003,000-4,0004,000-5,000..-5,000 and overClasses grouped 2 .

Total.

Nontaxable returns 1

Taxable returns

178, 5616,830

509, 357352, 796397,807277, 212423,104151, 496137, 789200, 24123, 544141,01111,61589,1887,909

60, 4845,788

41, 7994,90431,41325,96320, 45716, 33513,19211,00933,91016,8889,3429,9724,9943,0431,8961,337825729

1,6346162691711779110346401412614

3,225, 924

1, 700, 3781,525, 546

Net income

$102,902, 2093, 719, 683

788, 776, 671610,653, 586982, 588, 313659,006,122

1,477,172,934542, 500, 284599,457,470896, 585, 673127, 342, 293770,125, 20675, 037, 629576,180, 89159,112, 932

451, 595, 50949, 046,161354,166,18046, 541, 923297,852, 666272, 021, 712234,886, 345203, 833, 206177,861,168159,471,711582,619,907376,026,487255,097,495342,888,983222, 661,494166,336,163122, 675, 478100,012,82169,953, 99769, 070, 680196, 598, 339105, 677, 99559, 773,42746, 607, 52661, 510,08840,676,19861,906,87340,403,83148,415,10724,882,05728,861,54320, 717,123(2)

()43,184,039

13, 604,996,128

4,307,978,5359, 297,017, 593

Tax I

Amount

$23, 641

"943," 098'

2, 466, 248

"I," 647," 392'

2,184, 469

2, 653, 369

2,664,040

"2,561,747

2, 305,185

2, 283, 0412,154, 8082, 209, 3322,189,9572,139,4812,151,16310, 583,89810, 468, 5529,680, 48716,621,61213,793,51311,916,5979, 923, 0578, 787, 2946,854,8307, 298,16823,135, 25413, 840, 2448, 255, 8666, 697, 0838, 806, 5596, 604, 6239, 783, 0325, 673,9147, 766, 2503, 817,1574, 898, 5653, 791,941(2)()

6,611,810

246,127, 277

246,127, 277

Average taxper return

Averagerate of

tax on netincome(percent)

$3.46

" 2 . 6 7

8.90

10.87

10.91

18.82

29.87

41.36

55.15

72.6883.00

108.00134. 07162.18195. 40312.12619. 88

1,036. 231, 666. 832, 762.023,916. 075,233.686, 572.408, 308.88

10,011.2014,158. 6622, 467. 9330, 690. 9539,164. 2349, 754. 5772, 578. 2794, 980. 89

123, 345. 96194,156. 25272, 654. 07408, 213. 75631,990.17

76.30

161. 34

0.64

.15

.37

.30

.24

.34

.46

.55

.65

.77

.79

.941.071.201.351.822.783.794.856.197.168.098.799.80

10.5711.7713.1013.8114.3714.3216.2415.8014.0416.0415.3416.9718.3017.0115.09

1.81

2.65

Personalexemption

and credit fordependents

$496, 745,123706, 543

1,451,111,648521, 557, 093

1, 453, 988, 734421, 549, 771

1, 666,131, 906373, 633, 842587, 621, 972670,256, 367

90,845, 084504, 382, 691

37, 754,169319,167,090

24, 320,904215, 583,023

17, 325,636147,891,435

14,073, 507110, 018,15387,431, 21869, 000, 59254, 361,44043,833,17536, 584, 756

109, 071, 01753,184, 01328, 582, 03830, 025, 97514, 844, 5048,946,1895, 392, 4133, 719, 3062, 261, 7172,051, 2814, 367,0251,610,081

658, 275427, 270429, 950182, 775248,100

92, 55087,59124,30034, 65017, 000

7,150

9, 682,141, 042

5,839,918,6833,842, 222, 359

* Nontaxable returns. Specific exemptions from normal tax exceed net income.3 Classes grouped to conceal identity of taxpayer.


STATISTICS OF INCOME 61TABLE 2.—Individual returns for 1931 by net income classes, showing number of

returns, net income and tax, average tax per return, and average rate of tax, per-sonal exemption and credit for dependents, tax before tax credits, and tax credits—Continued

Net income classes


Under 1 * (estimated)Under 1 (estimated)2_2 i (estimated)1-2 (estimated)2-3 i (estimated)2-3 (estimated)3_4 I (estimated)3-4 (estimated)4-5 1 (estimated)4-5 (estimated)5-6 i5-66-7 l

6-77-8 i7-88-9 *8-99-10 i9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-50 _ .50-6060-7070-8080-9090-100100-150 _150-200200-250250-300 .300-400400-500500-750750-1,0001,000-1,5001,500-2 0002,000-3,000 . -3,000-4,0004 000-5 0005,000 and over _Classes grouped 2 _- .

Total


Taxable returns


Normal tax

$31, 520

1, 257,468

3, 288, 337

2,196, 525

2, 912, 628

3, 511, 282

3,401, 208

3,156,309

2, 883, 554

2, 848, 5732, 555, 7752, 425, 8762, 279, 5952,161,8622, 099,8988, 643, 3476,411,6874,613,1096,453,0864, 228,8802, 984, 2302,104, 7341,457,8691,034,9421,038, 5622, 376, 2451, 255, 539

525, 751423, 435479,425323,130369,499152,825239, 954

45, 774125,175

(2)4,355

82, 301,963

82, 301,963

Surtax

$126,117305,078404, 321460, 598545, 241

4,044, 6925, 731, 3846, 275, 537

12, 363, 34211, 339, 00710,552,0779,071, 6458, 356, 7556, 615, 2477,114, 243

22,472, 59313, 735,1498, 017,1236,196, 4407,960, 6325,852,9659, 059, 9195,344,0086, 498, 9093, 516, 0564,152,8273, 317,824

(2)(2)

6, 648, 509

186, 078, 238

186,078, 238

12^ percenton capitalnet gain

from sale ofassets heldmore than

2 years

$177,221339, 764469, 716636, 746805, 947533, 340544, 295

2, 289, 7571,446,5111,110, 277

873, 3621, 655, 786

901,1851, 303, 4991, 508,8831, 632, 597

846,100650,807480, 613(2)(2)

1, 216, 624

19,423,030

19,423, 030

Total

$31, 520

1, 257,468

3, 288, 337

2,196, 525

2, 912, 628

3, 511, 282

3, 401, 208

3,156, 309

2,883, 554

2,848, 5732, 681,8922, 730,9542, 683,9162,622, 4602, 645,139

12, 688, 03912,143, 07110,888, 64618,993, 64915,907, 65114,006, 02311,813,12510,620, 5718,183, 5298,697,100

27,138, 59516,437,1999, 653,1517,493, 237

10,095,8437, 077, 280

10, 732, 9177, 005, 7168, 371, 4604, 407,9304,928,8093, 798,437

(2)(2)

7,869,488

287,803, 231

287,803, 231

Tax credits

25 percentof tax on

earned netincome

$7,879

314, 370

822, 089

549,133

728,159

857, 913

737,168

654, 562

578, 369

565, 532527,084521, 622493, 959482,979493, 976

2,104,1411, 674, 5191, 208,1591, 528, 285

816,994513, 900322, 898212,040142,663127, 752274, 731102,83538,82525, 31325, 28413, 69212, 7354,7353, 563

8801,428

220(2)(2)

144

17,490, 530

17,490, 530

12H percenton capital

net lossfrom sale ofassets heldmore than

2 years

$843,7521,297,1441, 575, 5261, 567,1701,621,2371,186,0361,271,1803, 728, 6102,494,1201,358,460

770,8411, 264,000

458, 965937,150

1, 327,067601,647589,893

28,8166,276

(2)1, 257, 534

24,185,424

24,185,424

1 Nontaxable returns. Specific exemptions from normal tax exceed net income.2 Classes grouped to conceal identity of taxpayer.



TABLE 3.—Individual returns for 1931 by net income classes, showing simple andcumulative distribution of the number of returns, net income and tax, and per-centages


Net income classes


Under 1 (estimated)1-2 (estimated) -2-3 (estimated)3-4 (estimated)4—5 (estimated) - - - - -5-6 - -6-77-88-99-1010-11 - -11-12 _._12-1313-14 __14-1515-2020-25 _25-3030-40 - --40-50 - -50-6060-7070-8080-90 - -90-100100-150150-200 - -200-250250-300300-400400-500500-750750-1 0001,000-1,500 .1,500-2,0002,000-3,000 _3,000-4,0004 000-5 0005,000 and over...

Total.

Returns

Simple distribution

Number

185,391862,153675,019574, 600338, 030164, 555100, 80368,39347, 58736,31725,96320,45716,33513,19211,00933,91016,8889,3429,9724,9943,0431,8961,337

825729

1,63461626917117791

10346401412614

3,225,924

Percentof total

5.7526.7320.9217.8110.485.103.122.121.481.13.80.63.51.41.34

1.05.52.29.31.16.09.06.04.03.02.05.02.009.005.006.0028.0032.0014.0013.0005.0004.0002.0001.0001

100.00


Number

3, 225,9243, 040, 5332,178,3801, 503, 361

928, 761590,731426,176325,373256,980209,393173, 076147,113126, 656110, 32197,12986,12052, 21035,32225, 98016,00811,0147,9716,0754,7383,9133,1841,550

9346654943172261237737231154

Percentof total

100.0094.2567.5246.6028.7918.3113.2110.097.976.495.364.563.933.423.012.671.621.10.81.50.34.25.19.15.12.10.05.03.021.016.010.0072.0040.0026.0013.0008.0004.0002.0001

Cumulative distribu-tion from lowestincome class

Number

185,3911,047,5441, 722,5632, 297,1632,635,1932,799,7482,900, 5512,968,9443, 016, 5313, 052,8483, 078,8113,099,2683,115, 6033,128,7953,139,8043,173, 7143,190, 6023,199,9443, 209,9163, 214,9103, 217,9533, 219,8493, 221,1863, 222,0113, 222,7403, 224, 3743, 224,9903, 225, 2593, 225, 4303, 225, 6073,225, 6983, 225,8013,225,8473,225,8873,225,9013,225,9133, 225,9193, 225,9203, 225,924

Percentof total

5.7532.4853.4071.2181.6986.7989.9192.0393.5194.6495.4496.0796.5896.9997.3398.3898.9099.1999.5099.6699.7599.8199.8599.8899.9099.9599.9799.97999.98499.99099.992899. 996099.997499.998799.999299.999699.999899.9999

100.00



TABLE 3.—Individual returns for 1931 by net income classes, showing simple andcumulative distribution of the number of returns, net income and tax, and per-centages—Continued

Net income classes


Under 1 (estimated)1-2 (estimated)2-3 (estimated)3-4 (estimated)4-5 (estimated)5-66-77-8.8-99-1010-1111-1212-13

14-1515-2020-2525-30._30-4040-5050-6060-70..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 overClasses grouped l

Net income

Simple distribution

Amount

Total__ 13,604,996,128

$106, 621,8921, 399, 430, 2571, 641,594,4352, 019, 673, 2181,496, 043,143

897, 467, 499651, 218, 520510, 708,441403, 212,341344, 394, 589272,021,712234, 886, 345203, 833, 206177, 861,168159,471,711582, 619, 907376, 026,487255, 097,495342,888, 983222, 661, 494166, 336,163122, 675,478100,012,82169, 953, 99769,070,680

196,598, 339105, 677,995

59, 773, 42746, 607, 52661, 510, 08840, 676,19861, 906, 87340,403,83148, 415,10724, 882, 05728, 861, 54320, 717,123

0)0)

43,184, 039

Percentof total

0.7810.2912.0714.8411.006.604.793.752.962.532.001.731.501.311.174.282.761.882.521.641.22.90.74.51.51

1.44.78.44.34.45.30.45.30.36.18.21.15

0)

0).32

100.00

Cumulative distributionfrom highest incomeclass

Amount

$13, 604,996,12813,498,374, 23612, 098, 943,97910,457, 349, 5448, 437,676, 3266,941, 633,1836, 044,165,6845, 392, 947,1644,882, 238, 7234,479, 026,3824,134, 631,7933,862, 610, 0813, 627, 723, 7363,423,890, 5303, 246, 029, 3623, 086, 557, 6512, 503,937, 7442,127,911,2571,872,813,7621, 529,924,7791, 307, 263, 2851,140, 927,1221, 018, 251, 644

918,238,823848, 284, 826779, 214,146582,615,807476,937,812417,164, 385370, 556,859309,046, 771268,370, 573206, 463, 700166,059,869117,644,76292, 762, 70563,901,162

0)

0)43,184,039

Percentof total

100.0099.2288.9376.8662.0251.0244.4239.6335.8832.9230.3928.3926.6625.1623.8522.6818.4015.6413.7611.249.608.387.486. 746.235.724.283. 503.062.722.271.971.521.22.86.68.47

(0

0).32

Cumulative distributionfrom lowest incomeclass

AmountPercentof total

$106,621,8921, 506,052,1493,147,646, 5845,167, 319,8026, 663, 362,9457, 560,830,4448,212, 048,9648, 722,757,4059,125, 969,7469,470, 364, 3359,742,386,0479,977, 272,392

10,181,105, 59810,358, 966, 76610, 518,438,47711,101, 058, 38411,477,084,87111,732,182, 36612, 075, 071, 34912, 297,732,84312,464, 069,00612, 586, 744,48412, 686, 757, 30512,756,711,30212,825,781,98213, 022,380, 32113,128,058,31613,187,831,74313, 234, 439,26913,295,949,35713, 336, 625, 55513, 398, 532,42813,438,936, 25913,487,351,36613,512,233,42313, 541, 094, 96613, 561, 812, 089

0 )C1)

13, 604, 996,128

0.7811.0723.1437.9848.9855.5860.3764.1267.0869.6171.6173.3474.8476.1577. 3281.6084.3686.2488.7690.4091.6292.5293.2693.7794.2895.7296.5096.9497.2897. 7398. 0398.4898.7899.1499.3299.5399.68

0)0)100.00

1 Classes grouped to conceal identity of taxpayer.



TABLE 3.—Individual returns for 1931 by net income classes, showing simple andcumulative distribution of the number of returns, net income and tax, and per-centages—Continued

Net income classes


Under 1 (estimated)..1-2 (estimated)2-3 (estimated)3-4 (estimated)4-5 (estimated)5-66-77-8 _.8-99-1010-11 _11-1212-1313-1414-1515-2020-2525-3030-4040-5060-60_60-7070-80_80-9090-100100-150150-200200-250250-300300-400400-500500-750..750-1,0001,000-1,500.1,500-2,0002,000-3,0003,000-4,0004,000-5,000..5,000 and overClasses grouped 1

Total 246,127,277

Tax

Simple distribution

Amount

$23,641943,098

2,466,2481,647, 3922,184,4692,653, 3692, 664, 0402, 501, 7472, 305,1852, 283, 0412,154,8082, 209, 3322,189,9572,139,4812,151,16310,583,89810,468, 5529,680,48716,021,61213, 793, 51311,916,5979,923, 0578, 787, 2946,854,8307, 298,16823,135,25413,840, 2448,255,8666,697, 0838,806,5596, 604,6239, 783,0325, 673, 9147, 766, 2503,817,1574,898, 5653,791,941

86,611,810

Percentof total

0.01.38

1.00.67.89

1.081.081.02.94.93.88.90.89.87.87

4.304.253.936.755.604.844.033.572.792.979.405.623.362.723.582.683.972.303.161.551.991.54

0)(l)2.69

100.00


Amount

$246,127, 277246,103,636245,160,538242, 694, 290241,046,898238,862,429236,209,060233, 545,020231, 043, 273228,738,088226,455, 047224,300, 239222,090,907219,900, 950217, 761,469215,610,306205,026,408194,557,856184,877,369168,255, 757154,462, 244142, 545,647132, 622, 590123,835, 296116,980,466109, 682, 29886,547,04472,706,80064,450, 93457,753,85148,947, 29242,342, 66932,559,63726,885, 72319,119,47315,302,31610,403, 751

0)(l)

6,611,810

Percentof total

100.0099.9999.6198.6197.9497.0595.9794.8993.8792.9392.0091.1290.2289.3388.4687.5983.2979.0475.1168.3662.7657.9253.8950.3247.5344. 5635.1629.5426.1823,4619.8817.2013.2310.937.776.224.23

0)0)2.69

Cumulative distribu-tion from lowest in-income class

Amount

$23,641

3,432,9875,080,3797, 264,8489,918,21712, 582,25715, 084,00417,389,18919, 672, 23021,827, 03824, 036, 37026, 226, 32728, 365,80830, 516,97141,100,86951, 569,42161, 249,90877,871, 52091,665,033103,581,630113, 504,687122, 291,981129,146,811136,444,979159,580,233173,420,477181, 676, 343188, 373,426197,179,985203,784,608213, 567,640219,241, 554227,007,804230,824,961235, 723,526239,515,467

246,127,277

Per centof total

0.01.39

1.392.062.954.035.116.137.078.008.889.78

10.6711.5412.4116.7120.9624.8931.6437. 2442.0846.1149.6852.4755.4464.8470.4673.8276.5480.1282.8086.7789.0792.2393.7895.7797.31

0)0)100.00

i Classes grouped to conceal identity of taxpayer.


STATISTICS OF INCOME 65TABLE 4.—Individual returns for 1931 by States and Territories, showing number

of returns and net income by sex and family relationship




Joint returns of hus-bands and wives,with or withoutdependent chil-dren, and the re-turns of husbandsw h o s e w i v e s ,though living withthem, file separatereturns

Numberof re-turns

Net in-come

Single m e n -Heads of families

Numberof re-turns

Net in-come

Numberof re-turns

Single women—Heads of families

Net in-come

Single men—Notheads of families

Numberof re-turns

Net in-come

AlabamaAlaska 1 . .ArizonaArkansasCaliforniaColoradoConnecticut— __DelawareDistrict of ColumbiaFloridaGeorgiaHawaii _IdahoIllinoisIndiana - , .Iowa. . - _Kansas -Kentucky _LouisianaMaine _.Maryland _M assachusetts _MichiganMinnesotaMississippi _.Missouri . . __Montana _Nebraska _ _.Nevada _.New HampshireNew Jersey _.New MexicoNew YorkNorth CarolinaNorth DakotaOh io . . :OklahomaOregon ___Pennsylvania.._ _-Rhode IslandSouth CarolinaSouth DakotaTennesseeTexasU t a h . . .VermontVirginia _.WashingtonWest Virginia _WisconsinWyoming

10, 706 46, 717 1,685 4,4 600 1,844 4,185

3,9456,174

124,15714, 21529,9063,953

19,08315, 50614,8684,1562,947

134, 89829, 63416, 23517,11913, 74414, 2358,554

31, 72893,17766,07930, 5985,993

41, 3374,370

14,1951,4566,275

92, 2532,952

309,36012,9534,403

84,90218, 52010,229

130, 03810, 6596,0334,693

16,04146,1426,0113,392

18, 26727,91912,09247, 2783,143

14,41020, 698

473, 70063,176

174, 21931,429

108, 65470,81870, 52421,12410, 302

742,230137,50679,49465, 87864, 74249,90144,425

168, 261462, 426324,152149, 737

19, 268211, 897

21, 29060, 5136,347

29,729495,464

10,0821,843,190

59,18913, 207

439, 59069,78347, 745

708, 29963,00922, 55016, 39273, 661

154, 01023, 24416, 56783,43296,53852,900

166,03311,893

Total 1,646,523 8, 210,345

437624

7,8891,8424,501

6652,3381,5101,706

463586

22, 3774,6604,0391,4482,1662,1221,1254,147

13,9157,2052,253

7028,0351,3191,724

187755

14, 871264

49,0041,663

32115, 5081,6242,088

26,7271,876

762343

2,1134,188

559953

2,5682,5621,3794,888

471

237,157

1,2811,762

29,1225,561

15,3452,5969,2254,9145,7641,3531,507

74,88613, 71611,0954,2107,0036,9003,73915, 84642,34922, 7228,1501,79723,5523,3425,275644

2,33349, 658

808184, 5005,144867

45,9584,5655,41388,4536,2262,3501,0025,95913,4611,5472,7678,0837,2084,05213,1141,252

782,865

182284

5,903585

2,306318

2,603581

1,013200149

9,9031,596923475

1,0791,096388

2,1295,7052,447966359

3,56332356054316

6,069104

24,917627144

5,620637

1,0679,42975237396836

2,086191422

1,0061,407544

1,594122

560718

23,8382,3649,6831,3027,5191,9612,9571,122376

30,1474,1562,6241,3803,1013,3881,4048,51619,0368,6533,423774

10,525737

1,543936

1,21122, 541

41196,4861,934311

17,2011,6482,70335,830

1,9771,692

60, 5115,55914,1571,82210,8604,3734,6861,3451,318

64, 45011, 7404,9205,239

1,034217

2,3426,796489

1,1613,4733,7431,6894,318318

5,3023,33112,71340,43530, 22011,6041,83617,5712,8474,7381,2042,82137,4381,032

138,8764,3421,57036,6404,6834,190

61,0094,8842,1481,6015,45416,7162,1781,6987,83110,7605,54420,1291,746

9,970

4,9003,423

152, 23913,57842,4486,403

29, 72414, 48411, 7484,6102,826

178, 62027, 21613,05412,29215, 26713,61512,18539,939118,23074,46928,7863,30346,2746,79311,3843,1147,199

102,8442,492

453,00010,2352,92395, 21110,19010,096175, 71916,2954,6203,13813,35143,0303,8944,32519,37725,83213, 22739,4973,696

104,649 363,809 709,951 1,961,087

1 Included in the State of Washington.



TABLE 4.—Individual returns for 1931 by States and Territories, showing numberof returns and net income by sex and family relationship—Continued


Single women—Notheads of families

States and TerritoriesNumber

of re-turns

Net in-come

Wives filingseparate returnsfrom husbands

Num-ber ofreturns

Net in-come

Communitypropertyincome 2

Num-ber ofreturns

Net in-come

Grand total

Numberof re-turns

Net in-come

AlabamaAlaska l

Arizona ---ArkansasCaliforniaColoradoConnecticut --DelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

1,949 4,987 407 2,302 19, 532

30,9032,532

12,0771,20115, 7532,6692,8961,002388

32, 8455,8383,1102,7283,3622,6962,3208,37633,95011,5166,211806

8,212731

2,303221

1,90923, 382

47593, 0592,478505

18, 2062,3022,274

33, 9793,485988555

2,9497,807658

1,1584,4184,6592,0569,272306

Total 415,061

1,6831,993

96,0218,663

46, 5415,450

38, 6918,3568,3643,888844

112,38514, 8459,5675,75710,0157,7539,84732,193117,96233, 34115, 9991,474

26,2391,8595,680750

6,73580, 5321,398

370,4666,770944

60,0744,6645,568

127, 90415, 9982,1911,1138,17821,9501,5913,91611,34911,1626,102

21, 846638

1, 402, 237

357201

7,351546

2,359325

1,283701560162276

6,2861,066623486614

1,468500

1,8056,3222,1561,221192

1,638132420119401

4,741312

18,84156270

3,933476333

6,66671923299724

5,439188180599

2,021503

1,520103

88, 238

1,189662

34, 6863,32021,1143,8646,8164,6823,5501,772827

44,1426,6913, 3842,0993,1514, 4893,17212, 37440, 92017, 6807,435531

12, 995646

1,725633

2,03634, 725

860160,9934,771218

31,3192,7451,629

57,1956,2651,115268

3,76014, 8431,0991,1183,6516,2272,3647,180379

591, 613

4,722

12,008 157,495

200

2,015 21, 626

190 1,617

250 2,181

6,780 79, 584

2,453 24,148

8,0359,873

248, 72225, 27965,3068,28451,92025, 34025, 7297,3285,864

270, 75954,53429, 85027, 49526, 99128, 93416,21860,898193, 504119,62352, 8539,888

80, 3569,72223,9403,43112, 477

178, 7545,389

634, 05722, 6257,013

164,80928,24220,181

267, 84822, 37510, 5367,38728.11789,1589,7857,803

34, 68951, 78122.11884, 6815,891

70, 309

28, 74629, 256

967, 09996,662309, 35151,045

200, 628105, 215102, 90733, 86918,350

1,182,411204,131119,21891,616103, 280107, 67474, 771

277,129800,923481, 018213,53127,146

331, 48334, 66786,12014,04249, 243

785, 76418, 231

3, 108, 63488, 04318, 470

689,35293, 59473,155

1,193,400111,15933, 85922,131

107, 251333,67331,86429, 853

129, 365174, 85880, 334

251,98818,177

24,345 293,040 3,225,924 13,604,996

1 Included in the State of Washington.2 See footnote 2 on p. 6.



TABLE 5.—Individual returns for 1931 by net income classes, showing number ofreturns and net income by sex and family relationship

(Money figures and net income classes in thousands of dollars)

{For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]

Net income classes

Under 1 > (estimated). _.Under 1 (estimated)1-2 i (estimated)1-2 (estimated)2-3 i (estimated)2-3 (estimated) .3-4 ! (estimated) __ .3-4 (estimated)4-5 ! (estimated)4-5 (estimated) - _ _ _ _5-6 i5-66-7 i6-77-8 '"-8 - - - - -8-9 i8-9 . _ _9-10 i9-10 . . . _10-1111-12 . .12-1313-1414-15 . .15-2020-2525-30 .30-4040-50 . _ .50-6060-70 ._70-8080-9090-100 , _ _ .100-150150-200200-250250-300300-400400-500500-750 - -750-1 0001 000 1 5001 ^00 2 0002 000-3 000<i 000 4 0004 000-1 0005 000 and over01 asses grouped 2

Total


Taxable returns

Joint returns of hus-bands and wives,with or withoutdependent chil-dren, and the re-turns of husbandswhose wives ,though living withthem, file separatereturns

Number ofreturns

89,339616

180, 4452,596

246, 2967,413

360,12170, 321

119,617150, 549

17,102109, 236

7,08367, 979

4,47445, 510

3,23430,905

2, 58422, 69017, 63813, 83110, 7278,6377,198

20,96210, 0465,3235, 4682,6911,6161,033

69244539884633514898

1025562281484512

1, 646, 523

1,030, 295616, 228

Net in-come

50,855361

279, 2224,429

618, 59818, 519

1, 261, 348262, 540519, 364674, 805

92, 208596, 549

45, 723439,154

33,422339, 725

27, 396261, 785

24, 523215,078184, 783158, 783133, 824116,453104, 283359, 556223, 599145,300187,986120,05088,19866, 80751, 75237, 73237, 685

101,10357, 60232, 88326, 59035,29524, 65537, 22224, 40616 86714,17410,496

46, 657

8, 210, 345

2,952, 6595, 257, 686

Single m e n -Heads of families

Numberof re-turns

7,2392

64, 834102

80, 9961, 693

36,2515,2766,857

11,004857

6,106396

3,620291

2,380184

1, 592149

1,216955777622463399

1,220560303348143975356162152

8447

1

2

1

237,157

198,05439,103

Net in-come

4,2622

109,433179

195, 2283,991

123, 89519,77129, 70149, 322

4,63633, 292

2,54923, 327

2,17717, 7411,555

13, 4761,413

11,53910,0188, 9187,7626,2465,777

21,00912, 4078,240

11,9946,3995,3333,4434,1601,3692, 0026,2711,320

9161,0492, 359

(2)

(2 )

8,384

782,865

474,849308,016

Single women-Heads of families

Numberof re-turns

3,8171

39,89630

31, 852111

11,145828

2,4322,554

9391,765

5601,200

38996326669623849059347742032727789452726627115582483714203415833321

104, 649

91, 53413,115

Net in-come

2,3291

67,18650

76, 039284

38,0013,115

10, 66511, 3875,1169,6683,6227,7612,8997,1992, 2555,9212, 2524,6646,2265,4905,2464,4194,008

15, 37611, 7747,2849,2376,8424,5103,1062,7771,1711,8724,1882,6241,692

8431,0831,399

2,227

363,809

210,364153, 445

Single men—N otheads of families

Numberof re-turns

46,354158

120, 503226, 374

15, 780184, 260

4,38045, 364

2,38618, 8151,1669,838

9116.415

6544,248

4852,985

4782,4792,1881,6301,3991,161

9473,1081,612

9651,059

534365224157103

75191723728219

147

14

709, 951

193,097516,854

Net in-come

26,978101

177,106394, 485

36, 830436,494

15, 037154,88510, 68983, 604

6,37153,6655,897

41,4454,890

31, 7234,107

25,2904,544

23, 51622,90418,72317, 46115, 64213, 71453, 56435,86126,33336, 55423,81819,89314,47511,7488,7327,150

23,29912,1718,3267,6997,2463,8828,4136,0618,871

(2)

10,888

1, 961, 087

292,4511,668, 636

1 Nontaxable returns. Specific exemptions from normal tax exceed net income.2 Classes grouped to conceal identity of taxpayer.



TABLE 5.—Individual returns for 1931 by net income classes, showing number ofreturns and net income by sex and family relationship—Continued


Net income classes

Under 11 (estimated)Under 1 (estimated)1-2 i (estimated)1-2 (estimated)2-3 i (estimated)2-3 (estimated)3-4 i (estimated)3-4 (estimated)4-5! (estimated)

5-6i5-6._6-716-7 .7-817-88-918-99-1019-10.10-1111-1212-1313-14 _.14-1515-2020-2525-3030-40 _ _40-50 _50-60 , - .60-7070-8080-90 __. .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 overClasses grouped 2

Total

Nontaxable returns iTaxable returns

Single women—Notheads of families

Num-ber of

returns

23,826240

94,209116, 51917,49076,0547,461

23,1154,198

11,3531,9855,9461,4604,0521,1163,043

8282,260

7321,8162,0001,6441,3881,132

9423,5231,9381,1871,313

7094352591851261022628846171714136533

1

415,061

153, 305261, 756

Net in-come

14,139136

141,662200,55642,494

180, 73425,79379,17318, 73950, 66910,83932, 5279,452

26,2208,355

22, 7617,023

19,1596,949

17, 23820,98018, 87517, 32915, 26913, 65560,84843, 24932, 41045, 37331, 66023,83216, 72313, 89410,6929,639

31, 87515, 29810,1894,6775,9696,3227,5225 5055,7615,262(2)

14,812

1,402, 237

285,4441,116,793

Wives filingseparate returnsfrom husbands

Num-ber ofreturns

7,9865,8139,4707,1755,3937,6813,7466,5922,2995,9661,2462,848

9752,178

8301,696

6571,361

6171,0851,3691,185

983861697

2,5481,441

8279915213231901628981

191771915227948211

88, 238

33, 21955,019

Net in-come

4,3383,120

14,16710,95513, 39918,98513,09923,01610,30026, 7986,807

15,5606,313

14,0956,206

12, 6815,569

11,5565, 858

10, 29214,33813, 62312, 26111,60610,09343, 88632,13222, 58434,08323,17717, 65712, 35412, 0777,5367,687

22, 72513, 0424.2034,0757,7373,1055,3723,6219,723

0)

9,803

591, 613

86, 054505, 559

Communitypropertyincome3

Num-ber of

returns

2495,272

2303,744

1552,644

1342,000

1061,6371,220

913796611549

1,65576447152224112589483232582176532

4

24,345

87423,471

Net in-come

1,36628,863

1,48224,180

1,16319, 7661,142

16,9771,005

15, 52712, 77310,4749,9518,2287,942

28, 38117,00412,94617, 66110, 7166,9115,7673,6052,7233,0367,1363,6201,5631,6741,8221,3121,281

5,042

293,040

6,158286,883

Grand total

Numberof

returns

178,5616,830

509,357352, 796397,807277, 212423,104151, 496137, 789200, 24123,544

141,01111,61589,188

7,90960, 4845,788

41, 7994,904

31,41325, 96320,45716,33513,19211,00933,91016,8889,3429,9724,9943,0431,8961,337

825729

1,63461626917117791

10346401412614

3, 225, 924

1,700,3781,525,546

Net in-come

102,9023,720

788, 777610, 654982, 588659, 006

1,477,173542, 500599, 457896,586127, 342770,12575,038

576,18159,113

451, 59649,046

354,16646, 542

297,853272,022234, 886203, 833177,861159,472582, 620376,026255, 097342,889222, 661166, 336122, 675100, 01369,95469,071

196, 598105, 67859, 77346, 60861,51040, 67661,90740, 40448,41524,88228 86220,717

(2)43,184

13, 604, 996

4,307,9799, 297,018

1 Nontaxable returns. Specific exemptions from normal tax exceed net income.2 Classes grouped to conceal identity of taxpayer.« See footnote 2 on p. 6.



TABLE 6.—Individual returns for 1981 by States and Territories, showing sourcesof income and deductions, net income, and net loss for prior year




Sources of income

and sal-aries

BusinessPart-ner-

ship I

Profit from saleof real estate,stocks, bonds,

etc.

Report-ed fortax oncapital

net gain!

Allother

Rentsand

royal-ties

Intereston Gov-

ern-ment

obliga-tionsnot

whollyexempt

fromtax

Divi-dends onstock ofdomesticcorpora-

tions

Fidu-ciary l

AlabamaAlaska 3

ArizonaArkansasCaliforniaColoradoConnecticutDelawareDist. of Columbia.FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevada , .New Hampshire,-.New JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Total.

46,932 9,360 5,629 409 1,003 6,045 75 10,375 1,341

17, 02619, 743

521,49553,118

162,17420, 792

142,12254,12873,47619,48911,242

808, 23'139,41263,83147,19064.10670,18"32, 483

157, 449448,501309, 215137,16319,101

226, 76122, 65350, 5097,076

22, 912508, 5549,313

911,33462.02512, 332

481,16866, 27248, 522636, 21658.10724, 25411,88472.026191,12622,13916, 32282,180114,19250, 879166,82310, 973

5,9976,849

154,32217, 85034, 7024,526

25, 07319, 77412, 6164,3995,082

135, 74932, 76729, 93224,00815, 50715, 32613, 80932, 827106, 69665,03134, 5606,41639,1416,00420,0552,9659,245

96, 3914,639

372, 59712, 5575,062

8 1 , ••'•

16, 76514,461

167, 55512,4666,1056,81615, 87961,1735,9764,86719,19434,07413,71542,4554,940

1,7052,990

59, 6175,4259,3671,4277,9375, 6485,111963940

54, 38110, 5699,2666,3476,05,7,1772,91313,10730, 40518, 47012, 3492,46215,1331,8746,4331,2812,227

27, 2671,298

207, 387

1,'36226, 226

208

9, 2961757

2,9701,1,1754,630

866116

22,1761,028408

1,3191778

1,4073,1968,62813, 285

463

3,232

22475204

5,6121

54,020676

4,49764, 0063,7352,1321,9236,925

29, 2261,4601,1266,5418,3244,49611,780

3,919308110

15, 708666

22688

6,2112413

3552, 665

1491,261

8,325,1621,889,759 729, 523 169, 949

1,085295

46, 5451,9175,798],0163,7662,3762,028623297

18,8613,2731,9581,8761,8462,3561,7784,94311, 99811, 3982,471537

4,8681,191970256626

12,121450

59, 5981,395

14r11, 5882,6281,060

42, 5001,:"525441

2,30715, 659

419383

1,8462,9751,3064,253221

2,13,480

105, 0746,18714,4381,7289,7368,4018,2092,1371,154

67, 70213,0979,47411,8237,236

10, 2393,221

13, 57625,09426, 92910,1772,405

20, 9401,7956,764898

2, 47532, 2391,622

108, 7037,2041,239

42, 66911,5534,687

52, 7425,3922,6941,!""7,445

44, 7191,5511,2389,41610,0037,03612,3411,150

1624

1,44826351460

3243521231412

2,077906150154381223140345

1,1523864328

1,4697331447431

5,0272855

2,99014489

2,4892234420166883262622420326625420

2,2,564

176,67520,107115,97338,18824, 58025,10320,18710, 7131,368

221,88634,94218,92310,91923, 53716,36520,11368, 066

229, 246118,98241, 5532,513

68, 7654,06510, 7082,65613,873158,7362,148

826, 22829,0801,330

162,88812, 3497,349

332, 34836,7774,3761,92917,58043,9525, 417,03225,67820,41218,75342,1251,447

484392

22,4361,58610,3172,1215,4403,8081,4361,341

9925, 5172,0361,333885

2,2281,2252,150

11, 32923,1527,7183,059151

5,905247674842

1,28520,991

354115,0941,440122

13, 531782846

51,8684,469707138

2,2785,177322696

3,1072,058891

3,559175

301,664 770,764 25,325 3,113,861 369,140

1 For explanation of item, see p. 9.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,

pp. 7 and 8.)3 Included in the State of Washington.

(See



TABLE 6.—Individual returns for 1931 by States and Territories, showing sourcesof income and deductions, net income, and net loss for prior year—Continued


States and Terri-tories

AlabamaAlaska fi

ArizonaArkansasCaliforniaColoradoConnecticutDelaware.Dist. of Columbia. __FloridaGeorgia . . _HawaiiIdaho ._ -_ -_IllinoisIndiana . .IowaKansasKentucky ._.L/OuisianaMaineMarylandMassachusettsMichigan..MinnesotaMississippiMissouri __MontanaNebraskaNevada . „New Hampshire.- ._New Jersey __ _New MexicoNew York_ _North CarolinaNorth Dakota _ _OhioOklahomaOregonPennsylvania. _Rhode IslandSouth CarolinaSouth DakotaTennesseeTexas .UtahVermontVirginia ._ _ -_ _Washington..West VirginiaWisconsin.. . _ . .Wyoming

Total

Sources of income

Interestand

otherincome

7,836

3,6983,332

119,06712, 44134,6315,510

16,08613, 5817,3152,3691,664

127,93412, 51614, 0759,7528,982

13,96813,87233, 922

100,00350, 84023, 6152,993

32, 9283,075

10,0341,0755,859

96, 5602,079

404, 2364,7321,828

44,1088,4677,628

165, 48014,4663, 4252,1958,986

40, 4302,9243,846

12, 59315, 3843,740

35,6921,533

1, 573, 302

Totalincome

89,005

36, 00639, 667

1,215,977119,651390,88476,651

236, 239137, 802131,36742,16421, 858

1,484,519250, 547149,349114,272130, 056137, 07491, 886

338,760984, 875622, 253265, 84236, 586

418,96240, 949

106, 46917,15758, 849

959, 21321,915

4, 064, 223124, 08123, 427

870, 572126, 20289, 250

1,530,911138.18644. 26327, 251

134, 280438, 55540 25635, 549

161,132210, 289101, 231320, 543

21, 443

17, 268, 451

Net lossfrom sale

of realestate,stocks,bonds,

etc.,other

than re-portedfor tax

credit oncapitalnet loss2

3,167

1,312947

58, 8625,570

30, 30111,5878,3147,2236,3561,076

315102, 62010,1154,4392,2025, 9897,1225,386

20, 21669,15632, 69313,712

85224, 481

9542,943

6592,843

50,173325

437, 9065,811

39150, 9684,0142,599

102,0219,9051,118

4674,622

10,8901,7541,2077,0068,3494,257

15, 263307

1,160, 765

Deductions

Net lossfrombusi-nessandpart-ner-ship

772

571550

15,9441,3801,949

830730

1,335971297227

10,1232,4581,1451,7311,4531,195

6282,4584,9905,4201,482

6582,305

466938160286

3,568245

30,114943374

5,7422,594

70212, 302

875554306

1,0586,394

277219

1,0931,386

5851,553

349

134, 685

Contri-butions

1,951

389946

14, 7482,0098,3421,4263,8342,3692,846

719203

25, 3154,8392,7632,1842,7242,0611,8575,709

16, 82611,6065,206

8729,688

4291,931

216911

17, 886259

79,4304,164

42419,2822,3591,082

37, 6913,0781,265

3973,2957,295

702750

4,1872,2412,0235,358

214

328,300

Allother 3

12,805

4,9887,967

159, 32414,03140,94111, 76222, 73321, 66118, 2876,2022,764

164,04929,00421, 78516,53816,61119,0239,243

33, 24992,98091,51631,9107,058

51, 0064,433

14,5362,0815,565

101, 8222,855

408,13925,1203,769

105, 22923, 64111,713

185, 49713,1687,4683,950

18,05480, 3025,6593,520

19, 48023,45514, 03346, 3802,396

2,039, 705

Total

18, 696

7,26010,411

248, 87822,98981, 53225, 60635, 61132, 58728,4608,2953,508

302,10846, 41630,13122, 65626, 77729,40117,11561, 631

183, 952141, 23552,3119,440

87, 4796,282

20, 3493,1159,606

173, 4493,684

955, 58936, 0384,958

181, 22032, 60816,095

337,51127,02610, 4045,120

27,029104, 881

8,3935,696

31, 76735, 43120, 89768, 5553,267

3, 663,454

Netincome

70,309

28,74629, 256

967, 09996, 662

309, 35151,045

200,628105, 215102,90733, 86918,350

1,182, 411204,131119, 21891,616

103, 280107, 67474, 771

277,129800,923481,018213,53127,146

331,48334,66786,12014,04249, 243

785, 76418,231

3,108, 63488,04318, 470

689,35293, 59473,155

1,193,400111,15933,85922,131

107, 251333,673

31, 86429,853

129, 365174,85880,334

251,98818,177

13, 604,996

Net lossfor prioryear *

207

95219

2,702301409

7380353423

. 192,836

3581,149

23012251070

4141,0014,975

48376

3153301256711

1,045136

16, 432509100

1,357174111

2,293466

7762

2821,640

818

1943871059020

43,754

* Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.(See pp. 7 ond 8.)

3 Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.4 This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The figures exclude,

in all years, amounts for net incomes under $5,000.»Included in the State of Washington.


STATISTICS OF INCOME 71TABLE 7.—Individual returns for 1931 by net income classes, showing sources of

income and deductions, net income, and net loss for prior year



Net income classes

Under 5 (est.)5-66-77-88-99-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 6

Total 8,325,162

Sources of income

Wagesand sal-

ariesBusiness

>, 005,134623, 721427, 714319, 571239, 884199, 548150, 631127,910106,87090,89480, 725

271,088155, 549

98, 709113,852

69, 48649, 21032, 55126, 21615,94616, 99840,47816,8029,5838,0769,1026,5125,3492,0951,6021,6191,537

157

43

1,123,029143,597102, 634

78, 45159,76047,90837,82330,93425, 35621, 50418,67561, 65834,23820, 34525,97114,6389,7,8743,4653,1752,8416,5544,114

753825

1,253873

1,12241062

Part-ner-

ship i

237, 37652, 75640,05133, 64529, 35124, 35620, 32317,19016, 38514,11312,85547, 58230, 94921,09629,47018.66215,12, 2428,0195, 6505,298

13, 7708,5084,3143,7901,553],6331, 699

904

Profit from saleof real estate,stocks, bonds,

etc.

Report-ed fortax oncapital

netgain 2

1,4272,9103, 7665,6386, 6054, 5984,398

19,05312,96012, 0589,338

14,9148,301

12,33812, 30213, 4627,0985, 2063, 845

CO(6)9, 733

1,889,759 729,523 169,949 301,664 770,764

Allother

Rentsand

royal-ties

105,09014,00^11,44010, 6009, 8818,8768,0867,2996,3446, 2645, 590

22,79715, 9612,0717,21510,1014,9353,1712,4211,1881,0094, 0441,5301,0672,8481,8131,1181,883

1492,412

6834535

COCO

5

464, 42843, 75832, 35526, 23"20,73016,62013, 95811,90110, 2449, 3117, 926

28,61117,41711, 77614, 3688,9126,0364, 0592,9802,2662,2614,4893,1221,308

5722,971

4431,020

37849

22(51117


tions notwhollyexemptfrom tax

Divi-dends onstock ofdomes-tic cor-pora-tions

1,4641,2651,1871,048

9203,7952,7541,7732, 6702,0601,066

916711405513

1,203408114155307

70'206988422918

()CO 12

Fidu-ciary i

530,187 i110, 586|104,696196,511;88, 796'85,166j72, 65567, 23262, 51160, 60053, 5851

230, 940|167,4891124,291)171, 689117,923!

' 97,565!74, 362|64,551^48, 588!53, 3151

147, 021178,979!52, 218i37,909!47, 241j33, 200!59,041'31,861134, 83222. 519i23,64320, 267COCO ,41,892j

88, 51419, 20017,04814,61813, 49912,08411,21010,1319,0738,3827,382

31,71922,47516,27021.87715, 2809, 9447, 5866,0393,6213, 7506, 5013, 3651,569

6701,739

6132,0601,1801,204

4981

CO

() 40

25,325 3,113, 8611 369,140

1 For explanation of item, see p. 9.2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,

pp. 7 and 8.)s Less than $500.fl Classes grouped to conceal identity of taxpayer.

(See



TABLE 7.—Individual returns for 1931 by net income classes, showing sources ofincome and deductions, net income, and net loss for prior year—Continued


Sources of income

Net income classes Interestand

otherincome

Total in-come

Deductions

Net lossfrom

sale ofreal

estate,stocks,bonds,

etc.,other

than re-portedfor tax

credit oncapital

netloss 2

Net lossfrombusi-nessandpart-ner-ship

Con-tribu-tions

All other 3 Total

Net in-come

N"et lossm prioryear *

Under5(est.)5-66-7

8-99-HL-10-11

12-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-90.9O-100__.100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,000..3,000-4,000..4,000-5,0005,000 and overClasses grouped fl_

703,11290,16973,17561,99952,49845,27336, 53032, 71528,72925,34023,04988,80456, 28037,65648,03431,17223,97715,35313, 2399,7609,762

21,00110,3747,9742,9574,8041,7135,1102,1442,936

7681,8381,163

3,895

Total 1,573,302 17,268,451

,256,869,097,789809.112641,631514,399439,830352,680306, 576266,699237,456210, 708786,994503,116343,986446, 573291,145222,352163, 751134, 247195,198

100,145264.113140,16290,95967,14085, 69554,47889,82751, 51956,64232,81732,67225, 543(6)()55,629

347, 26253,13347,50342,01038,90^34,16;30,71928,35526,47925,09521, 70593,86356, 60839, 51942,56126,61925, 21217, 69514,69512,19514,87929, 33016,97218,31811,68611,3375,991

13,9382,5893,2332,9111,832

361(6)CO3,086

1,160, 765

62, 5605,1764,3843,7103,2072,7182,8492,9131,6312,0131,7386,0975,1292,7614,3153,7262,3401,7061,533

9482,4713,4221,0231,091

46980063688984230816471

1,044

125,32119,42814, 59011,7689,4788,1826,6645,8765, 2654,8384,232

16,22011,2727,71-

10,9287,1595,9974,55"3,8342,6822,4848,6634,5062,9092,0743,1002,0753,5822,53r

1,671,578

70S1,957(«)()4,444

1,058,364122, 58491,41773,43559,59450,37040,42634, 54629,49127, 64823, 56288,19454,08138,89545, 88030,98022,46717,11814,1729,418

11,24126,09911,9838,8676,3038,9485,0999,5115,1473,0073,2821,2001,463

(6)()4,914

134,685 328,30C

, 593, 507200, 321157,894130,923111, 18795, 43680,65871,68962,86659,59551, 236

204,374127, 08988, 889

103, 68468, 48356,01641,07634, 23<25, 24-31,07467, 51534,48431,18520, 53224,18513,80:27,92011,1158,2277,9353,8104,826

(6)()12,44!

6,663, 363897,467651, 219510, 708403, 212344,395272,022234,886203,833177,861159, 472582, 620376,026255,097342,889222, 661166,336122, 675100,01369,95469,071

196, 598105, 67859,77346, 60861, 51040, 67661,90740,40448,41524,88228,86220, 717(6)()43,184

1,5151,2451,0251,233

974958773810751731

3,0502,2081,8752,9582,1022,0351,5331,224

699402

2,3101,755

6642,3901,896

8362,406

1,129

2,266

2,039,705 3,663,45413,604,996 43,754

8 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.(See p. 9.)

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 exclude,

in all years, amounts for net incomes under $5,000.6 Classes grouped to conceal the identity of taxpayer.



TABLE 8.—Individual returns for 1931 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 and 17]


Taxes paid other than Federal incometaxi

TotalReported indeductionsfrom total

income

Reportedin busi-ness de-ductions

Interest paid

TotalReported indeductionsfrom total

income

Reportedin busi-ness de-ductions

AlabamaAlaska2

ArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of Columbia..FloridaGeorgiaHawaiiIdahoIll inois.- .IndianaIowaKansas.. _KentuckyLouisianaMaine . -MarylandMassachusettsMichiganMinnesotaMississippiMissouri.MontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth Carolina.North DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth Dakota—TennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

$1,376,301 $1,268,911 $107, 390 $2,319,114 $2,237, 742

487, 87221, 721,760

1, 890, 5136,959,2022, 543, 8704,014, 6742, 601, 7622, 582, 2051, 335,763188, 737

18,463, 3314,019, 5662,475, 8271,793, 8282,499, 3621, 782,1551,829,8055, 712,156

26,191, 88313, 567, 6844, 767, 559

528, 8556, 821,995700,566

1,487,128313, 636

1, 262, 57616, 769, 823

298,89381, 282, 5192, 521,156269,416

13,054,2402, 019, 5521,937,352

25, 776, 6402, 867,258

702, 315434,411

2, 345,8916, 594,977442,932654,481

3,258, 5052, 285, 9721, 538,9506, 658,125254,946

446,477443,211

19,329,8891,684,1336, 560,9122,497, 2053, 809,1472,404,4052, 412, 6951, 256, 754144, 512

17, 597,4053, 648, 7882,179,1421,480,0962, 294, 6601, 625,9811,621,2175,344,98124,945,33912, 896,1534, 436, 840461, 613

6, 542,170611,375

1, 291,428258, 295

1,132,08515,903,879

240, 52279,258, 3682, 384,205233, 675

12,368, 7361, 864, 5091, 790,352

23,939,9992,693, 739654,239364,695

2, 062, 2505, 886,031406, 771583,683

2, 951, 3172,049, 5421,400,9706, 324, 307

177, 782

142,28244,661

2,391, 871206,380398,29046, 665205, 527197,357169, 51079,00944,225865, 926370, 778296,685313,732204,702156.174208, 588367.175

1, 246, 544671,531330, 71967,242

279, 82589,191195,70055, 341130,491865,94458,371

2, 024,151136,95135, 741685,504155,043147,000

1, 836,641173, 51948,07669, 716283,641708,94636,16170,798307,188236,430137,980333, 81877,164

619,259574,611

25, 655,1672,122, 71710, 338, 2854,060,1435,210,9303, 053,7673, 786,2481, 692,116172,977

33, 931,9164,263,3383,111,4111,769,6652, 914, 9102, 559,2011, 840, 5026, 832, 32417,152,46618,157, 5145,291,237449,624

8,838, 396622,986

1, 884,690243,691

1,033,990 !21,918,566

330,94690, 830,9954, 213,404247,826

21,909,7552, 648, 7651, 517,830

44,662, 7172,635,810765,143383,142

3,545, 7279, 509,230795,518609,108

4,088,9023, 207, 6812, 592, 8965,881,462287, 520

Total 312,477,684 294,165,390 18,312,294 393,086,138 373,602,771 19,483,367

567,178520,427

23, 505,9371,950, 7629,926,3533, 985, 8704,931,0572,910,1163, 605, 8861.638,610144,899

32,714, 7394,013,1282, 828,1131, 555,4062, 772, 5972,418, 3101, 723,3996, 338,46816,179, 23017,461,4224,976, 839407,095

8, 526,854572,476

1, 714,279200,613922,227

20,960,478287,499

87,258, 7874,131, 571229,230

21, 295,1622,480,6291, 398, 529

42, 379,1492,430,795712,987335,205

3,360,0628.804,611764,441533,154

3,811,6932, 868, 5192,462,4455, 618,479229,314

$81,372

52,08154,184

2,149, 230171,955411,93274,273

279,873143, 651180,36253, 50628,078

1,217,177250, 210283,298214,259142,313140,891117,103493,856973,236696,092314,39842, 529311,54250,510170,41143,078111, 763958,08843,447

3, 572, 20881,83318, 596

614,593168,136119,301

2,283,568205,01552,15647,937185,665704,61931,07775,954

277, 209339,162130,451262,98358,206

1 Excludes also certain income taxes paid foreign countries.2 Included in the State of Washington.



TABLE 8A.—Individual returns for 1931 of net income of $5,000 and over, by netincome classes, showing taxes paid other than Federal income tax, and interest paid

[For text defining items, see pp. 16 and 17]

Net income classes


5-66-77-88-99-HL- ---.10-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100..100-150150-200200-250.-..250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over..

Total

Taxes paid other than Federalincome tax * Interest paid

Total

$40,142,46329,408, 57223, 325,42918, 307, 29015, 621,17912, 535,81010. 765,9789, 209, 5788, 390, 9367,144,919

27, 764, 27616, 771, 60812, 327, 29414, 992, 05410, 409, 2337, 572,9995, 031, 8915,314,7163, 261, 8904,105,9507,986, 7384,186,9222, 426, 7691, 719,1882, 770, 7812, 040, 3792, 921, 4131,172,662

751, 049825, 722201, 774

1, 071,45445, 278

1, 953,490

312,477, 684


income

$36, 347, 98426, 891, 31221, 380, 27316,909, 01514, 533, 47411,717,06310, 059,192

8, 545, 0717,861,1906, 724, 63926, 398,98615,984,56311,915,81014, 486, 28610, 072,1297, 365, 6144,913,2155, 219,8203,167,8714, 032,8147, 771,1684,114,9102, 397, 0141,711,6202, 754, 0272,034, 6092, 912,1781,143, 551728,789820, 481195, 674

1, 056, 28045,278

1,953,490

294,165, 390

Reportedin businessdeductions

$3, 794, 4792,517,2601,945,1561, 398, 2751, 087, 705

818, 747706, 786664, 507529, 746420, 280

1, 365, 290787, 045411,484.505, 768337,104207, 385118,67694, 89694,01973,136

215, 57072, 01229, 755

7, 56816, 7545,7709,235

29, 11122, 260

5,2416,100

15, 174

Total

$53,926, 56140, 530, 22131, 736,17426,174, 61322,060, 58316, 864,97714, 727, 50812,618,06111, 299, 0459,404,161

35,110, 69521, 452, 41013, 869, 60816,169, 84011,665,2567, 201, 0365, 348,9034, 749, 6463, 258, 3293, 805, 9669,809, 4413, 783, 6843, 326, 4372, 325, 6112, 274, 4151, 217, 5822,421, 4221,454, 0281,011,661

936, 776384, 796

46, 7411,101, 2391,018,712

18, 312, 294 393, 086,138


income

Reportedin businessdeductions

$49, 699, 76737, 835, 39429, 676, 57724, 629, 58420, 893, 50615,925, 79914, 004, 53811,929, 33010, 830, 5459, 003, 73133,666,14720,695, 60813,511,87515, 726, 50911,089,5076,995, 8465, 268,1694,664,6453,194, 2803, 782, 2079,402, 6073, 726, 5373, 320,1902,325,6112, 268, 0091,188, 0912, 405, 5651, 453, 4641, 005, 659933, 246383, 53646, 741

1,101, 2391,018,712

373, 602, 771

$4, 226, 7942, 694,8272, 059, 5971, 545, 0291,167,077

939,178722,970688, 731468, 500400, 430

1, 444, 548756, 802357, 733443, 331575, 749205,19080, 73485,00164,04923, 759

406, 83457,1476,247

6,40629, 49115,857

5646,0023,5301,260

19, 483, 367

1 Excludes also certain income taxes paid foreign countries.


STATISTICS OF INCOME 75TABLE 9.—Individual returns for 1931 by States and Territories and by net income

classes, showing number of returns, net income, tax, tax before tax credits, and taxcredits: also total number, net income, and tax for prior years


ALABAMA

Net income classes


Under 1 1 (est.)Under 1 (est.)

1-2 (est.)2-3 i (est.)2-3 (est.)3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-6)5-66-7 i. .

7-8 i7-8.8-9 i8-99-10 19-1010-1111-1212-1313-14 _14-1515-20 . .20-2525-3030-4040-5050-6060-7070-8080-9090-100.100-150150-200200-250250-300 _ . _ .300-400400-500500-750750-1,0001,000-1,500- . _ .1,500-2,0002,000-3,0003,000-4,0004.000-5,0005,000 and over

Total

Summary for pre-ceding years: 3

1930192919281927192619251924192319221921

Num-ber of

returns

1,22964

3, 8331,8132,7281,3343,009

740805

1, 04415473549

45435

33028

22319

15111589766151

1746848191910

4

6

Net income

$702, 85125, 733

5, 875,1463,132,8566, 750, 7653,177, 508

10, 484, 0132,654,3123,496, 5904,684, 837

830, 5104,004, 762

315, 2002, 934, 690

261,6902, 468, 844

239,147], 890, 481

181,5321,428,0811, 202, 2291,022,811

948,117823, 227737, 802

2, 986, 2671,499, 2281, 296, 403

619,130

Tax

$180


Normal• tax

i

Surtax

!

$239I

4, 557 6. 075

11,488 15,317

6, 423 8, 564

10, 122 13, 495

12, 638

13,141

12, 887

12, 359

10, 407

16, 546

16, 594

15, 977

15,181

12. 9298, 4401 9. 6758, 24(9,504

10,83410, 34853, 60939, 94f44, 74429. 204

845, 312 48, 714542,063 30.224310, 780365, 458342, 668480, 895747, 361

_ j

19,532

22, 60525,81826,89127,99228, 54026, 27847, 59151, 04943, 61243, 009

17, 23537, 32235, 97366, 03995. 889

70, 309, 297

93,900, 510122, 569,172142,167, 220133, 224, 614136, 523,003130, 024, 575159, 918, 982159, 064, 390126,908,473117,108, 806

640, 467

1, 353, 5842, 087, 7184, 035, 7922, 455,1662, 449,1962, 326, 2132, 771, 2212, 840,9752,892, 2982, 713,826

8, 66410, 03310, 6329,642

42, 21227,14119,84511,13510, 44512,0614, 6615, 9825, 632

13,1263, 499

123 2 per-cent oncapital

netgain

$5251, 2851, 8742, 0962,461

20, 69421, 29029, 75420, 67142, 51235, 58023, 74923, 04933, 09054, 67160, 279

I

_ | .|

325, 302 374, 180

Tax credits

25 per-cent oftax onearned

netincome

123i? percent oncapital

netloss

!

$59 _

1,518!

3,829|

2,141

3, 373

3,908

3, 453

3 090jj

9 822i

2,522i1,7601, 709!2, 403i1, 8941 755

i £297I K 4K5

$2521,534

10, 3281,384

33, 142

46, 640

4,8552 123 $7312, 8011 2, 9761, 573i 15, 844

684| 10,491798* 1,239

1,1581 3,5751, 758!1,025! 6

<i

ji . .If!i

70, 793 34, 862

1

j


177160—34 6



TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

ARIZONA

Net income classes


Under 1» (est.)Under 1 (est.)

1-2 (est.)2-31 (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-51 (est.)4-5 (est.)5-6 i5-66-716-77-817-8

8-99-10 1

10-1111-1212-1313-14 ._14-1515-2020-2525-3030-4040-5050-6060-7070-8080-90 . .90-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,000-2,000-3,0003,000-4,000.4,000-5,0005,000 and overClasses grouped2_._

Total

Summary for pre-ceding years:3

193019291928. . .19271926.1925192419231922. . .1921

Num-ber of

returns

4836

1,037973839883

1,025531327664

48444

22215

10134

14105

947433928165

30159

208

1

5

8,035

10,59012, 44811,52711,05910, 50910,10421,30122,89920,07918, 477

Net income

$261, 6803, 398

1, 624,9651, 704, 4332, 048, 7092, 093, 9093, 599, 8041, 890, 7831, 422,9922,961,843

258, 7352, 419, 351

141,9181, 381, 273

75,9701,000, 321

119,212886.134

86, 057443, 453452, 980448,136350, 545214, 233

72, 259516, 850324, 853251, 024689, 203359,943

(*)

(2)

640,857

28,745,823

42, 775, 08460, 788, 43458, 368, 65945,837,15841, 716,57841, 382, 93958, 273, 04959, 526, 47448, 459, 73848, 310,197

Tax

$32

2,702

7,593

5,811

8,573

9,924

7,343

6,594

7,636

4,3984,3166,4956,1462,7551,685

11, 20912, 02211,25729,58925,094

(2)

(2)

76,106

247,280

584, 2791,113,7741, 600, 308

697,800498,896544,953511,987603,100687,026516,637


Normaltax

$43

3,603

10,124

7,748

11,431

12, 909

9,353

8, 209

9,032

5, 4624, 9596,5186, 3752,6111, 5768, 9638,2155, 882

10, 4796, 298

(2)

13,428

153, 218

Surtax

$219581686542246

3,6204,5746,467

23, 73718, 397

(2)

(a)

48, 505

107, 574

123^ per-cent oncapital

netgain

$606

(2)

25,446

26, 052

Tax credit


netincome

$11

901

2,531

1,937

2,858

2,985

2,010

1,615

1,396

1,064862604915398137

1,374767

1,0922,747

207

(2)

1,269

27, 680


netloss

__

$1,880

(2)

10,004

11,884





ARKANSAS

Net income classes


Under l i (est.)Under 1 (est.)

1-2 (est.).-2-3 i (est.)2-3 (est.)_3-41 (est.)3-4 (est.)4-5 i (est.) -4-5 (est.)5-6 i5 66-7 !6-77-8 i7-88 9 1

8-99-10 !9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200 -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,. __Classes grouped *._

Total--

Summary for preceding years: *

1930_19291928 _ . .T927._19261925.19241923 ._1922 -_-_1921

Num-ber ofeturns

1,14031

2,131677

1,698529

1,47331035052256

28719

1731?,

1061279

5148211921421

9,87

12,4915,8116,6617,3319,3620,5935,4835,7832,033,8

êt income

$658,95515,695

3, 234,3981,161, 0224, 235,1081,242, 6145,075, 7981,121,7501, 512,4962, 347,683

305, 0291, 568,261

122,8361,107,432

88,465793, 011103,158670,491

28, 056483,296502,427239, 090235,848323, 230232, 583788,876449,294267, 235195, 579

146, 66

29,256, 38

43,282,9868,910,9371,689, 7975, 553,8984,661, 0784,474,35

110, 255,41109, 793, 6395, 625, 6792, 616,90

Tax

$58

1,933

4,604

2,735

5,028

5,443

5,072

4,454

4,432

3,8903,5511,9632,4374,0624,400

14, 77012,9206,858,32

10,89

107,83

241,78712,95877, 74

1,339,951,481,271,434,501,458,492,050,42, 314,40<1,866,16


formaltax

$77

2,577

6,138

3,646

6,704

7,002

6,350

5,431

5,441

4,7144,3722,1952,5013,8943,990

12, 0948,0351,7322,528

2,60

92,02

Surtax

12M per-cent oncapital

netgain

r

$218225431729845

5,2616,1395,7656,599

8,53

34,74

Tax credits


netincome

$19

644

1,534

911

1,676

1,559

1,278

977

1,009

8241,039

457495561435

2,5851,254

643801

23/

18,93*

12K per-cent oncapital

netloss

For footnotes, see p . 124.




CALIFORNIA

Net income classes


Under l i (est.)Under 1 (est.)1-2 1 (es t . ) .—1-2 (est.)_.2-31 (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-51 (est.)4-5 (est.)5-6 1,5-66-716-77-8 1 .7-8 -- --8-9 18-9 -9-10!9-10 _ ._10-1111-12 - .12-1313-14 .14-1515-20 - - .20-2525-3030-4040-50 -50-60 , -60-7070-80 . - -80-9090-100100-150150-200200-250250-300 -300-400_._400-500500-750.750-1,000. _1,000-1,5001,500-2,000 . .2,000-3,000..3,000-4,0004,000-5,0005,000 and over

Total _.


19301929.—192819271926. _.19251924192319221921

Num-ber of

returns

17,624225

40, 54327, 07730, 20323, 83328,84411, 7448,025

15,8391, 556

12, 048834

7,610571

4,967392

3,232363

2,3101, 7321, 3191, 047

822664

2,133972608641313188106813444963613

1(

248, 722

293,04.309,04316, 73315,56315, 34305,07511, 21517,10C420, 92386,08

Net income

$10,117, 628130,447

61,816.70646,979, 50774, 575, 64156, 637, 32199,813,05841, 973, 86134,926, 23270,804, 7098,448,158

65,801, 6425, 386,163

49, 084, 0074, 278, 041

37, 081, 6123, 320,913

27, 356, 7723, 440, 555

21,881,33918,138,90515,143, 60413, 068,88S

Tax

$825

70, 342

211,915

134, 273

186,426

266,199

263, 307

240, 450

212, 927

198, 088


Normaltax

$1,100

93, 789

282, 553

179,031

248, 568

355, 439

334, 737

300,137

262,092

242. 898171, 709 198, 652168, 992 181,151169 704 173 438

11,072,711 153.1369, 618, 292

36, 587, 41921, 690, 83616, 674, 27321, 868, 72513, 943, 94710, 396, 3846, 900, 7716, 047, 6162, 864, 8904,180, 710

11,465, 3576,045, 7662, 933, 5702, 276, 4443,128, 5794, 564, 3452, 294, 776

145, 951750,151645, 779672, 892

1, 117, 206914, 403796, 373623, 504567,847331, 791

• 488,5551, 442,965

896,129436,719434, 224549,164773,291406,856

2, 337, 884 290,187

967,099,004

1. 330. 603. 655, 689,896,424

L, 765, 573,13SI, 582, 576, 25SL, 571, 673,6&L, 490, 419, 7921,741,063,671L, 697,902,8021,357, 524,521L, 168,021, 44?

14, 732,280

27,136,05745, 360,27863, 707,13646,044,99446, 238, 34637.127,16737,880,65839,958, 78C43, 778,93236, 438, 432

156, 308138, 589611,872400, 701330, 473458,151281, 485220, 482169, 763107, 201

63, 43771, 043

162, 532136, 31530, 90374, 38761, 42876, 86025, 282

899

6,431,696

Surtax

12H Per-cent oncapital

netgain

i

$8, 30119, 29626,09828, 57832, 494

251,664332, 033417,172778, 667704, 532664, 936523,928510,106

""$15," 54424. 06814, 56218,47645. 543

290, 857: 2,661425 089 3fi 301

1, 215, 622856, 317359, 892309,849446, 685522, 647333, 494

1,007

9, 059, 264

177,79135,95480, 91452, 62354, 447

182, 63862, 776

288, 287

1,092, 584

Tax credits


netincome

$275

23,447

70, 638

44,758

62,142

89, ?40

71,430

59, 687

49,165

44, 81035, 24431, 45529,83231, 75025,132

113, 38586,95574, 75396,18452, 53636, 43523, 52114,83110, 36?7,255

15,2357, 5222,8412,6352,1461,690

13

1, 217, 31


netloss

$38,97643,14267,17265,14280,17214,80236, 62297, 745

124, 93532,149

11, 2507,164

14, 683

633,954




classes, showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

COLORADO

Net income classes


Under 11 (est.)Under 1 (est.)

1-2 (est.)2-3 1 (est.).- -_.2-3 (est.)3-4 1 (est.)3-4 (est.)4-51 (est.)4-5 (est.)

5-66-7 16-77 837-88-9 38-9

9-1010-11.11-1212-1313-1414-15 . .15-2020-2525-30.. .30-4040-5050-6060-70 . . .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 overClasses grouped 2_._

Total

Summary for pre-ceding years : 3

1930192919281927192619251924192319221921

Num-ber of

returns

2,08234

4,5182,1593,6301,7803,2981,185

8781,540

1811,070

8660858

43041

32144

226209132897482

2261064457271812464

2

3

1

25, 279

28,98631,26831, 09131, 72735,11035, 80873, 35072, 36667, 46369, 676

Net income

$1,172, 55416,886

6, 838,0933, 743, 2839, 002, 9254, 243, 654

11, 383, 7704, 219,9933,843, 2216,901,002

978, 6795, 841,060

559,0553,930, 509

430, 5103, 202,860

344, 7492, 722, 370

416, 4672,140, 0962,191, 7901, 516,1621,110, 456

999, 5991,188, 5723, 850,4232, 346,0271,190,1881,938, 6731,205,027

978,624766, 485292,877515,564382, 338868.798

1,191, 208

1,136, 831

(2)

1, 060, 322

96, 661, 700

125, 795,609158, 751, 528158,931, 875148, 473,486154, 804, 655150,363,411205,087,973200, 572,724184, 572, 407174, 490,980

Tax

$96

5,944

16, 020

13,338

16,431

17,994

17, 371

17,176

17,050

14,67416,91013, 42311,93012, 90415, 60368. 94664, 64442,16488, 53375, 98572, 03465, 83523, 79450, 18831, 19682, 719

187, 452

156, 783

(2)

160, 906

1, 378, 043

2, 439, 7963, 534,4044,459, 0573,307,1802,959,2482,840,9263,162,7363, 267,7324,869,5553, 862,862


Normaltax

$128

7,926

21, 360

17, 784

21, 908

23,858

22,079

21,307

20, 653

19, 08319, 45114, 23811,78012, 55814,36852, 75737, 65818, 78326, 92225, 50513, 3024,5821,7684,3 342,6674, 485

25,190

CO

684

466, 918

Surtax

$1,0191,9662,1852,5124,029

25, 57235, 54627, 81468,16960, 60361, 23952,17319,88852, 63043, 205

112,934172, 261

132, 612

(2)


netgain

$876114

2,8619,8726,151

808

1,5294,750

44, 898

153, 004

1, 029, 361

22, 763

94, 622

Tax credits


netincome

$32

1,982

5,340

4,446

5,477

5,864

4,708

4,131

3,603

4,4093,5602,7812,0352,1662,7949,3838 5604,4335,0144,0991,600

792342816174903

1,210

18

242

90,914


netloss

$2,4206,1383,768

3,6716,568

14, 50235,32613, 539

20, 709

(3)

15,303

121,944




TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclasseSy showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

CONNECTICUT

Net income classes


Under 11 (est.)Under 1 (est.)1-2 i (est.)1-2 (est.)2-3 i (est.)2-3 (est.) - -

3-4 (est.)4-5 i (est.)4-5 (est.)

5-66-716-7 _.-7-8 i7-88-9 i8-99-10 19-1010-1111-1212-1313-1414-1515-20 - - - -20 2525-3330-4040-5050-6060-7070-8980-9090-100 _100-150150-200200-250250-300300-400 . -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


1930.1929 - _ .192819271926_>_1925192419231922.. -1921

Num-ber of

returns

3,016222

8,8918,0167,7105,6177,5092,9763,0513,793

7912,742

4851,975

2871,349

271919222740661529444361291880516257309145105483131185422

563

111

65, 306

74,82182,04981, 06377, 77881, 44974, 595

143,406149,820128,431123, 369

Net income

$1,763, 691141,323

13,977,84813,799, 29619,070,06413,381,91226, 310, 77910,637,15613, 369,14616,933,3794, 293,116

15,087, 2623,142, 292

12, 800,8702,143,803

10,093, 2382, 297, 4157, 780, 9052, 099, 6787,019,1686,925, 7306, 076, 7935, 545,4114,866, 0454, 213,382

15,175, 78311, 521, 9837,002, 344

10, 669, 6856, 398, 6325, 747, 3553,119, 7412. 318, 7452, 626,1581, 715, 9206, 627,8633, 827,8911,121, 9731, 673,059

2, 281,619

3, 752,809

309, 351, 262

400,674, 216561, 547, 753522, 496, 523451,001,651433, 776, 846404,498, 337478,174, 249473,804, 719401,720,143343, 017,180

Tax

$698

18,462

47,052

32,468

40, 510

49, 273

53, 835

49, 396

44,131

48, 27845, 96950,94451, 84247, 53339,845

227, 995263,169231, 50S479, 914379,172393, 677243, 363205, 600218, 782183, 566760, 684537, 879134,452265, 305

350,935

570,989

6,067,228

11,435,65623, 693,04523,104,13916,117,67413,751,31413,533,9912,593,90411,199,18413,130, 56210, 633, 045


Normaltax

$931

24,616

62, 736

43, 291

54, 014

64,026

68,904

62, 866

55, 892

61,12354, 62254, 81852, 26246, 37645,475

165, 305130,45686, 625

141, 21393, 08071,30236,35823, 77221, 8017,578

42, 63035, 397

5,1968,751

197

20,446

1, 642, 059

Surtax

$3,1848,079

11,04912,49714,350

107,278177, 437171,659386,852324, 509366,404238,492210, 755253,143186, 666812, 236500,708182,695260, 984

414, 527

390, 588

5, 034,092


netgain

$7,4347,952

18, 21512,1302,744

15,4974,816

36, 36153,780

14, 742

60

. . . . . . . . .

197,030

370,761

Tax credits


netincome

$233

6,154

15,684

10,823

13, 504

14, 753

15,069

13,470

11,761

12,84511, 83711,95311,46911, 34019,98044, 58844, 72426, 77637, 51519, 04911,4935,3393,7645,5551,9325,5463,488

6081,396

296

(2)

471

393,415


netloss

$18,07027,32050, 75138,27827,90766,10413, 562

124,99748, 51852,83117, 775

63, 552

36, 604

586,269





DELAWARE

Net income classes


Under 11 (est.)Under 1 (est.)l-2i (est.)1-2 (est.)2-3i (est.)2-3 (est.)3-4 i (est.)3-4 (est.)4-5i (est.)4-5 (est.).5-6i5-66-716-77-8i7-88-9 1..8-99-fOi9-1010-1111-1212-13 .13-1414-1515-2020-25 .25-3030-4040-50 _ .50-6060-70. . . .70-8080-9090-100100-150 . .150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over-Classes grouped 2

Total


19301929192819271926.19251924. . .192319221 9 2 1 . . . .

Num-ber of

returns

54629

1,548842

1,037653880352301457

7428349

17835

134259230796562633440

119634356212210

1111

1

2

8,284

9,3429,7809,5929,2669,3019,131

18,89219, 20217,14115,889

Ne income

$317,21114,880

2,420,4881,461,1882, 555, 8631, 558, 6793,039, 7931, 246, 7401, 329,7322,051,157

403, 8281,546, 709

315,8721,150, 562

260,1201, 003, 322

213,454775,875282,191753,185681,933714,106786,045459, 259583, 247

2,065, 4991,420,8261,172,0481,911,348

935, 2181, 227, 522

649, 200522,143422, 834465, 484

1, 336, 0551,801, 8491,090, 233

873, 209

3,138,3631, 752,975

2, 300,140

2,034,152

51,044, 537

64, 913, 288148,850, 300107,335,47790, 262, 89970, 544,42354,897, 97264,179, 74757,186,68553,981,06843,676,893

Tax

$126

2,356

5,755

3,519

4,552

4,971

4,292

4,442

4,742

3,9963,2714,6345,4393,2946,081

28, 54132, 34435,02477,96653, 33279,98448, 63033, 36026, 81628, 935

169, 578229, 285173,07590,389

445,548304,997

329,455

35,172

2, 283,901

3, 927,73214, 524, 94610, 592, 8867, 970, 0355,100, 8842, 780, 2002,432, 6171,402,0931,833, 7121, 284,365


Normaltax

$168

3,141

7,674

4,691

6,069

6,481

5,563

5,721

5,837

5,4103, 9094,6145,5063,1545,497

18,63712,8909, 565

19,33611, 76811, 7885,6224,1965,2701, 550

14, 2538,6171,438

689

22, 878

221, 932

Surtax

$320939

1,5181,1912,070

14,89622, 60928,89269,05048, 60383, 32151, 69238, 27334, 87951, 742

174, 823266, 414176, 318142,627

542, 026207, 358

443, 348

381,810

2, 784,719


netgain

$528

2938,3277,997

4041,384

174,372

17,04279,098

119,462

Tax credits


netincome

$42

785

1,919

1,172

1,517

1,510

1, 271

1,279

1 095

1,414958919

1, 5851,0511,4864,9923,1553,4334,7942,5672,4081,807

8631,023

8341,2171,874

13401

22910

393

48,016

12i/2 per-cent oncapital

netloss

$6,1544,472

12,7177,170

16, 57320, 30723. 52318, 68545, 256

4,68556, 898

113,2914,327

113, 500

346, 638

794,196





DISTRICT OF COLUMBIA

Net income classes



1-2 (est . ) . . . .

2-3 (est.) - . _ .3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-6 ]

5-66-7 *6-77-8 *7-88-9 !8-99-10 ]

9-1010-1111-1212-1313-1414-1515-2020-2525-30 .30-4040-5050-60 , .60-7070-8080-9090-100100-150150-2001200-250250-300300-400400-500500-750750-1 0001,000-1,5001 500-2 0002,000-3 0003,000-4,0004 000-5 0005,000 and overClasses grouped 2

Total


1930192919281927 . - -1926192519241923.--.19221921

Num-ber of

returns

748119

5,69013, 2233,5947,0014,1723,2731,3063,930

2112,721

1071,520

6891533

60935

43034324819916913644419813013364493116136

1512

51, 920

51,04448,08744,18339,56C40,02443, 29377,83675, 79677,92389, 966

Net income

$481,63064,746

8, 993, 27522, 778,1078,859, 264

16, 420,13114,532,93111, 828, 2325, 632, 768

17,507,8371 135 515

14,866, 305690, 517

9, 779, 649507, 008

6, 831, 690277, 611

5,158,154334, 468

4,083, 9843, 608, 6082, 856, 7572,488, 4122, 282, 0611, 968, 0407,637,1134, 401, 6053, 523, 5094, 574, 8582, 863, 0352, 661, 3501, 980, 8781, 200,4361,087,966

570, 0711, 783,1182,050, 7741,090, 079

(2)

1, 235, 855

200, 628, 347

217, 558,448242, 282, 698227, 620, 606198,938,042198,055, 768200, 353, 699253, 312, 253221, 950, 528231, 328, 739248,345,804

Tax

$553

33, 743

60,385

29, 491

41, 953

54, 814

51, 873

39,470

35, 287

33, 37532, 02830, 72630,94030, 51229,428

159,699133,119138, 951234,567201, 532209, 790181,954124, 039105, 63478, 455

218, 737334,134152, 649

166, 869

2,974, 707

4, 200,9406, 408, 6227,474,6436,027,1335, 526,4365, 718,0465, 765, 866, 097, 6788, 336, 587, 704, 564


Normaltax

$738

44,991

80, 513

39, 321

55,937

71,886

65, 279

49,450

43, 977

41,35437, 53333,34432,09630, 51828,955

138, 44686, 01272,823

106, 68975, 37467, 87041, 22724, 57218, 74213,16230, 63237, 85511,418

113

1, 380, 827

Surtax

$1,9734,0635,0995,8886,602

53, 82667, 61884, 231

162, 648143, 259160, 505137,868107,11397, 92660, 530

174, 775289, 368165,765

(2)

176, 958

1,906, 015


netgain

$1,0615,875

11, 24417, 6663,095

10, 6915,374

48, 58813, 4026,594

23, 259

146,849

Tax credits


netincome

$185

11,248

20,128

9,830

13, 984

17, 072

13,406

9,980

8,690

7,9797,4786,6816,2555,8946,129

32, 57320,51118,10325,02411,38311, 2045,4703,4042,540

5583,9352,430

522

83

282, 679


netloss

$10,80711,59318, 6259,3377,337

19,18553

31,3234,061

30, 606

(3)

33,378

176,305





FLORIDA

Net income classes


Under 11 (est.)Under 1 (est.)l-2i (est.)1-2 (est.).. _.2-3 1 (est.)2-3 (est.)3-41 (est.)3-4 (est.)4-51 (est.)4-5 (est.)5-6 !5-66-716-77-8i7-88-918-99-1019-1010-1111-1212-1313-1414-1515-2020-25 _25-3030-40 . .40-5050-6060-70 . .70-8080-9090-100 .100-150150-200200-250250-300 ._300-400 _400-500500-750 . .750-1,0001,000-1,500.1,500-2,0002,000-3,0003,000-4,0004,000-5,000 .5,000 and overClasses grouped 2

Total


1930192919281927192619251924.1923 „1922 _1921

Num-ber of

returns

2,17077

4,2802,0113,5411,4213,8331,0581,1201,607

20091312159587

42358

30364

2462051521138670

227122666038

Net income

$1, 262, 79145,136

6,433,4243, 473, 5018, 748,3053, 398, 575

13, 270, 7163, 843, 5554, 876, 9967, 206, 9091,083, 8674,985, 515

782, 7303,842, 472

650, 2073, 167, 950

492, 3412, 567, 790

610, 4872, 326, 3482,144, 0021,749,3961, 407, 9791,156, 2731, 012, 9523. 899, 7612, 698, 6131, 802, 8952, 081, 3371.708.082

17 927,57661 388. 849

1122

196212112

1

25, 340

28,13330,04032,15540, 08056,10976, 21364, 30649, 59141, 53142, 249

838, 280170, 600185, 901

2, 229, 602993, 974452, 799

(2)761, 688

(2)(2)(2)

(2)

5, 535,002

105, 215,176

126, 910, 394164, 355,108178,843,603206, 917, 657322, 601,033649,932, 382250, 963, 654156, 500, 260132,047, 020119, 557, 316

Tax

$439

5,483

13, 071

9,169

14, 958

16, 681

17,966

17, 448

16, 508

18, 25617, 93720, 67217, 20112, 63016, 95370, 55774, 66364, 901

110, 033114, 791

69, 75838, 40573,30616, 26323,171

271,995121,375

73, 676(2)121, 647(2)(2)(2)

(2)

759, 607

2, 219, 520

2, 840, 3915,936, 3777, 714, 2616, 047, 244

10, 415, 63628, 857,801

7, 229,2723, 693,9554,059,8592,929,409


Normaltax

.$585

7,311

17, 428

12, 225

19,944

21, 624

22, 691

21,660

20, 297

21, 92820, 46521,63816, 83611,78516, 94455,11841,95126, 87939, 06032, 24011,34110, 20812, 952

4,26115, 28610, 843

(2)50

(2)

5,098

518, 648

Surtax

$1,0112,4642,8293,0183,518

26, 96339,90143, 65977, 36486. 97957, 81331, 09173,18213,17311,572

255, 288130, 503

73, 879(2)

135, 658(2)(2 )


net gain

$304872

3,738

3,0907,500

27,12512, 088

(2)

(2 )

1(2)

242, 278

1, 312,143

( 2 )

519, 677

574, 394

Tax credits

25 per-cent oftax onearnednet in-come


netloss

$146|

1,828

4,357

3,056

4,986

4 943

4 725

4,212

3, 789

.

j3,672j3 53913, 4302,4642 1733,509

11,5247 1895 63715,8753 265

$8202. 035

996! 2,1381,570 1,3241, 870| 10, 958

1621,2511,398

203(2)

24, 45330,661

6 14 055

(2 )

(2 )

( 2 )

977

92, 752

6,469

92,913

1





GEORGIA

Net income classes



1-2 (est.)2-3 i (est.)...2-3 (est.)3-41 (est.)3-4 (est.)4-5 1 (est.) . _ .4-5 (est.)5-6 !5-66-7 i6-77-8 i7-88-9 18-99-10 i9-1010-11 . . __11-1212-13 . .13-14 . . .14-15 .15-2020-2525-3030-4040-5050-6060-7070-8080-9090-100 . . . .100-150150-200200-250 .250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,000 . .3,000-4,0004,000-5,0005,000 and overClasses grouped2

Total


193019291928.1927192619251924192319221921

Num-ber of

returns

1,21050

3,8422,4033, 0971,7444,5051,2091,3261,831

2311,180

89694

73414

47305

372361721601459573

257105466827188783

122

25, 729

28,99632, 28932,92133, 81836, 74437, 41062, 65171,34169,98867, 719

Net income

$702,17232,629

6,001, 7274,133, 2417, 692,1844,127, 232

15,843, 5674, 393,6605, 746, 6748, 221, 0841, 252,1346, 448,161

572,4834, 488,838

545,1903,089, 236

395, 5652, 578, 816

353,1372, 234,8231, 802, 8191, 834, 8041,807,9921, 281,1611, 059, 7344, 389, 7492, 338, 8311, 240,9232, 342,3741, 217,192

977,322520,991517, 443685,380282, 470

1, 405, 088350,196

102,907,022

128, 081, 049163,181,491167,063, 587167,407,479171,146,482177, 203, 659210,908,421222,888,344199,432, 531180,311,466

Tax

$328

6,142

14,908

9,217

16,617

20, 326

19, 086

16, 213

14, 202

15, 96412, 38416, 21316,91413, 78713, 54172,10163, 71642, 347

112, 75262,95966,16150, 62345, 32573,03421, 076

135,61645,204

996,756

1,659, 2442,785,9423,806, 5343,612, 7242, 888, 4093, 529, 8833,398,8603,766,1594, 557, 7693,892,645


Normaltax

$437

8,189

19,877

12, 289

22,156

26, 655

24, 714

20,901

18,403

20,17315,01]17, 86717, 35912,93012, 78856,90538,00916,85939, 31520,25212, 24813,9027,3379,8162,0203,229

471

470,112

Surtax

$7852,3763,5963,2863,643

29, 64936,02129,81585,28757,82157, 59941,86947,36143,18916,89694,06129,916

583,170


netgain

$2822,1888,580

37

22,1062,636

57,31915,046

108,194

Tax credits


netincome

$109

2,047

4,969

3,072

5, 539

6,329

5,628

4,688

4,201

4,2093,4124,0304,0412,4292,890

14,45310,3144,327

11, 7064,9291,5771,9951,913

855476

1,291229

111, 658

12>4 per-cent oncapital

netloss

$42612, 37310,6893,1907,4601,222

17, 702

53,062





HAWAII

Net income classes


Under 11 (est.)X rnder 1 (est.)1-2 1 ( e s t . )—1-2 (est.)2-31 (est.)2-3 (est.)3-41 rest.)3-4 (est.)4-5 1 (est.)4-5 (est.)5-6 i5-66-7 i6-77-8 i7-88-918-99-10 J

9-10 . -10-1111-1212-1313-1414-15 - .15-2020-2525-3030-4040-5050-6060-7070-8080-90 _. . .90-100100-150150-200200-250250-300 - .300-400400-500500-750750-1,0001.000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2

Total

Summary for pre-ceding years: 3-_.

1930.192919281927 _ „1926 . . . .19251924192319221 9 2 1 . . . .

Num-ber of

returns

608

1,096669798618856368322508

85319

4520530

12518941673613747273288472734181486

9

11

7,328

7,8698,2108,0479,2529,1469,306

12, 38712, 42111,59711,481

Net; income

$311,6673,624

1,687,9151,161,9781,966,4351, 460,1852,997, 9651,315,9791,414,8292, 278,140

463, 2441, 749, 416

289 3601, 326,098

222, 353931,564151,98C799,450151,819695,057640, 231422, 566586, 423365,126465,180

1. 518, 5151,039, 259

749, 5961,178, 229

809,185770,853528, 201450,140

480, 22S1, 043, 820

543, 438

899,038

33,869, 092

37, 245,94043, 290,99743, 349, 73144, 618, 51042,950, 27941, 465, 37546, 395, 29042,829,25037,122, 69637,840,014

Tax

$25

1,894

5,302

3,561

5,055

5, 738

5,848

3,911

4,314

4, 8483,8303,1815,5244,1886,120

23, 49124,10027, 44552, 66947, 26352, 34044, 70640, 590

59, 269135,10499,657

145, 700

815, 673

972.216

]1

L, 220,345,311,756

L, 200, 544L, 096, 213

944,053L, 481,883, 319, 276

L, 387, 398, 451,776


Normaltax

$34

2,525

7,070

4,748

6,740

7,495

7,350

5,033

5,443

6,0174,4303,4335,6754,2435,717

18, 26813,12811,84413, 7008,0543,1093,4152,242

5, 2995,247

16, 470

176, 729

Surtax

$298525

1,148939

1,62210, 50615, 70319,01443,79042, 45549, 60543,05640,947

50, 814122, 97883, 668

(2)(2)

146, 367

673,435


netgain

$1291,700

64586

3,6608,178

228

14, 545

Tax credits


netincome

$9

631

1 768

1,187

1,685

1,757

1,502

1,122

1,129

1,169898

• 7771,299

9941,2195,2834,7313,4133,447

723405273595

5041,261

481

3

38, 265

WA per-cent oncapital

netloss

$1,3742,6521,6691,5562,590

38

(*)

892

10, 771





IDAHO

Net income classes


Under 11 (est.)...Under 1 (est.)l-2i (est.).. . .1-2 (est.)2-3 1 (est.)...2-3 (est.)3-4 1 (est.)3-4 (est.).._.4-5 i (est.)4-5 (est.)..5-6 i5-6.6-7 16-7..7-8i7-88-9 18-99-10 19-10110-11 _.11-12 •12-13 _13-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150 .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 grouped 2

Total


1930.19291928 .1927192619251924192319221921

Num-ber of

returns

2511

94576076452790332934543336

23511

1306

649

273

23669

109

165

1

5,864

7,8529,8309,808

Net income

$134, 762(2)

1, 542,8461, 314, 3281,887,8141, 271, 7213, 235, 2481,163,9831, 491, 0991, 926, 287

192,8661, 285, 235

72, 079840, 25643,712

474,95575, 072

228, 52028, 755

215, 08361,97169. 678

112,882135, 045131, 225275, 943

(2)

(2)

138, 706

18,350,071

27, 757, 37438, 525,95837.121.872

10,6731 38.448 7.W11,61712,90721,43625,01223, 36922, 976

39,887, 95140, 443, 78152, 301, 49158, 393, 33351,166, 79349, 737, 718

Tax

$1, 905

4,291

3,502

5,301

4,926

4,145

2,607

1,471

2,110114230

1,3222,1281,4096,751

(2)

(2)

3,833

46,045

128, 290184, 325283,172247 272184, 344170, 912261, 008426,196478, 706493,658


Normaltax

(2)

$2, 540

5,722

4,669

7,068

6, 313

5,215

3,207

1,798

2,471130199

1,3902,0531,1095,582

(2)

(2)

1,464

50,930

Surtax

$1877

231350410

1,677(2)

(2)

2,398

5,161


netgain

Tax credits


netincome

(2)

$635

1,431

1,167

1,767

1,387

1,070

600

327

3613446

299275110508

(2)

(2)

29

10, 046

12H per-cent oncapital

netloss





ILLINOIS

Net income classes


Under 11 (est.)Under 1 (est.)1 2i (est.)1-2 (est.)2-3 1 (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-5 1 (est.)4-5 (est.)5-6 i5-66-7 i6-7 - -7-8 ]

7-88-9 i8-9 -9-10 J

<>-1010-11 --11-1212-13 . . .13-1414-1515-2020-25 .25-3030-4040-50 . . .50-60 . .f>0-70 -70-80SO-9090-100100-150 -150-200200-250250-300300-400400-500 .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. . . .


1930.. -192919281927.192619251924 ,192319221921

Num-ber of

returns

9,739447

38, 50934,31730,09325, 64038, 73413,14911,89216,103

1,54012,976

6888,144

4835,569

3533,885

3192,8952,3311,8121,4151,131

9443,0571,496

8598674272531721117661

136602610126963

3

1

270, 759

327, 631369,855373, 621378,859374, 725357,448652, 501676,489614,449611, 558

Net income

$5,690,330237,064

60,927, 07959, 329, 73274,092,49560, 673, 587

136, 201, 96647,157, 23451,440,88372,108,4718, 297, 678

70,855,3784,444, 354

52,633, 3743, 614,926

41, 563, 9182,985, 785

32,935,0533,029,021

27, 437, 29724,427,45420,813,17517, 681, 59115, 245, 69013, 670,83152, 367, 05033, 301,82723,346,68829,813, 98018, 984, 61113, 793, 75711,125, 5768, 275, 4996,476, 6105, 770,862

16,078,55810,365, 6325, 670, 2962, 692, 4294, 244, 5112,702,3115, 317,8235,143,4163,808, 260

(2)

(2)15, 637, 288

1,182, 411, 350

1, 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, 637,4511, 833, 920,436

Tax

$1,898

92, 791

228,882

146, 724

171,194

268, 740

237,006

229,033

215,492

212, 893202, 466210,189201,466191,864192, 374969,099949,293908,150

1,439,2551,160, 8111,023, 055

916,137746, 612669, 099570, 804

1,911,6631, 348, 795

731, 585363, 079521, 279422, 111898,550892, 641645, 435

(2)

(2)2,611,658

22,502,123

43, 703,47186, 825,072

110, 659,19973, 796,36164, 213,83964, 791,50766, 583, 23962,880,12977,196,40768, 574,351


Normaltax

$2,531

123, 722

305,176

195, 632

228, 259

343,208

304, 771

290,909

271,035

266,686244,477233, 719214, 573198, 585190,854828, 057609,097462, 794599, 111376,103285,497219,455140,10194, 33786, 831

253, 561151, 22343, 7986,494

30, 74717, 07215, 20811,76134,405

(2)

(2)111,398

7, 791,187

Surtax

$11, 24627, 51135, 06939, 50946, 748

358,970505, 635583, 704

1,075, 808952, 875865, 354802, 354666, 785648, 615609, 579

1,829, 0691,369, 302

689,471345,945561,481325,149672, 748706, 242537,984

(2)

(2)1, 516, 320

15,783,473


netgain

$14,08526,92650, 38480, 38094,46129, 22747, 315

175, 300148, 476125,14542, 56162, 601

109, 041212, 985175,463124,155

(2)986, 111

2, 504,616

Tax credits


netincome

$633

30,931

76, 294

48,908

57, 065

74,468

67, 765

61,876

55, 543

53, 79353, 25751,04148,17646, 23045, 228

217 928165,439138, 348158, 62980, 24649, 38733, 83323,90416,34212, 38131, 68613, 8584,3501,6722,067

921948459486

(2)

(V1, 724, 586


netloss

$91,120114,847128, 793152, 219130,83186, 738

160, 540314, 581306 348122,47930, 249

131,48328,230

1,443366

50,623

(2)

1,677

1,852, 567





INDIANA

Net income classes


Under 11 (est .)—Under 1 (est.)

1-2 (est.)2-3 1 (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 1 (est.)4-5 (est.)5-6 i5-66-7 l

6-7 —.7-8 i7-88-9 1

8-99-10 *9-1010-1111-1212-1313-1414-1515-20__ _20-2525-3030-40--40-5050-6060-7070-8080-9090-100100-150150-200-200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002 000-3,0003,000-4,0004,000-5,000 .5,000 and overClasses grouped 2.

Total


1930192919281927192619251924192319221921

Num-ber of

returns

3,326119

10, 2165,9787,0663, 6367,8742,4612,2303,156

3802, 117

1861,260

129866

95629

69458372312235166161421213122107

6230251977893

211

54,534

65,67976,49375,37676, 70377,12680,300

156,845178,831153,469150,300

Net income

$1,900,12657,719

15, 716, 20010, 318,02717, 502, 6268, 540, 450

27, 462,1228, 978, 4059, 720,937

14,137, 1752.044. 544

11,553,8211,199, 1568,160. 881

958, 0406, 468, 985

806,1465, 330, 833

657,0144, 347, 6553, 887, 6463, 585, 4992S 925,9022, 243,8452, 333,0507, 233, 4884, 690, 7833, 309,9133, 731, 6682, 746,9121,640,4131,611,5271,423, 654

588, 680659,823954,907

1, 618, 205655, 706

2,428,304

204,130, 790

280,940, 214366,846,042365,336, 866349,434, 464358,624,820344, 266,673461, 717, 343510, 507, 072426, 365, 818406, 242,138

Tax

$490

15, 388

30, 784

19,163

28,932

35, 503

34, 378

32,810

31, 266

30, 44426, 89830,68428, 76426, 77933, 025

124, 928125,829122, 266172, 538173, 260117,691133,341132,199

59, 99972, 516

118,587226, 457110,401

445, 623

2,540,943

5,109,5778, 208,031

10,100,8488,884,0479,934,4767,508, 7336,655, 5607,882,7689, 578, 5118,973, 653


Normaltax

$653

20, 517

41,045

25, 551

38, 576

46, 684

44, 190

41, 641

39, 643

38, 43532,09433,17929, 95026, 66031,178

103,85381, 59759, 02756,07046,93416, 39326,85511, 3076,540

12,77117, 54212,9315,563

21,511

968,890

Surtax

$1,6635,0345,9575,9668,560

49, 91468,82780,037

136,976139, 994103, 374128, 213108, 51962,17959,080

122, 258198, 86<0106,121

(2)

365,175

1, 756, 707


netgain

$2,1781,5342,586

25,885

12,1591,251

20,155

(2)

59,666

125,414

Tax credits

25 per-cent )ftax onearned

netincome

$163

5,129

10,261

6,388

9,644

11,181

9, 812

8,831

8,377

7,9916,8597,5297,1435,8476,713

28,83924, 59516, 79814,83110, 7343,4743,0123,7551,6051,5502,2092,5721,283

(2)

(2)

729

227,854


netloss

$7,8554,4681,188

18, 7159,7577,1159,944

20, 2552,917

82,214





IOWA

>s et income classes


Under 1* (est.)Under 1 (est.)

1-2 (est.)2-3i (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-5 i(est.)4-5 (est.)

5-66-716-7

7-88-918-99-10 19-1010-1111-1212-13 . -13-14 - -14-1515-2020-2525-3030-4040-5050-6060-7070-80 - -80-9090-100100-150150-200 - - --200-250250-300300-400400-500500-750 - --750 1 0001 000-1 5001 500-2 0002 000-3 0003 000-4 0004 000- "i 0005 000 and overClasses grouped 2 ~ -

Total


1930192919281927...19261925192419231922.1921

Num-ber of

returns

1,146104

3,8593, 6623,7602,6704,1851,5481,2822,080

2331,445

121918

7459853

39433

29526017014311993

2721285660322488

361121

1

29,850

39,91745,02340, 78945, 34949,47650,379

110, 404135, 864131,870111, 483

Net incom

$656,30959,850

6, 285, 2556,321, 6899, 263, 7606, 342, 759

14, 701, 3085, 570,8965, 555,8839, 266, 6061, 250,9947, 895,904

777,4605, 934, 399

551, 8634,458, 214

448, 5603,336,193

313,1012, 787,9292, 728,9281, 951, 7741, 784, 5771, 604, 2361,344,4424, 681, 6212,836, 5121, 547, 2922,131, 6171, 444, 0301,305,311

500,123599,339169,035295, 298729, 726

(2)

1, 785,337

119,218,130

174,965, 757222,103, 300221,881, 247190,436,034203,015,362198, 735,930298,734,381363,242,331359, 562,822313, 762, 935

Tax

$586

16,036

24, 504

15,025

21, 454

25,883

25,868

23, 098

19, 751

19,87923,02018, 20419,17518,34916, 67888,72280,47359, 63197, 56997, 70392, 60647,59558,06719,08331, 744

101, 886

74, 710

1,137, 299

2, 355, 5673,924,8236, 216,0413,310,0992,917,8453, 111, 0963,123,8084,126,4705,466,3975,837,960


Normaltax

$781

21, 381

32 672

20,033

28, 606

33,559

32, 462

28, 588

24, 512

24, 39125, 84319, 50718,92917,91815,45769, 82146, 65627, 32732, 50623,49018, 5969,0333,8072,213

4197,316

1,947

587,770

Surtax


netgain

Tax credits


netincome

|

$1, 2742,4843, 5534,1434,550

32, 70743,00139, 29479, 72371, 24380, 54333,10946,82917,43634, 08695,136

(2)

85,346

674,457

$8517,6602,2797,3908,509

481

23,875

51,045

$195

5,345

8,168

5,008

7,15?

7,676

6,594

5,490

4,761

4,5124,0973,7873,3073,7123,329

13,8069,1846,9909,4453,6054,633

566348544131703

(2)

986

124,074


netloss

$6,0661,0854,1791.371

73022

2,630344

(2)

35,472

51,899

For footnotes, see p 124.




KANSAS

Net income classes


Under 11 (est.)Under 1 (est.)l - 2 i (est.)1-2 (est.)2-3 i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 1 (est.)4-5 (est.)5-6!5-66-7 ]

6-77-8 ]

7-88-9 3

8-99-10 J

9-1010-1111-1212-1313-1414-15 . . .15-2020-2525-3030-4040-50 .50-60 _ .60-7070-8080-9090-100100-150150-200..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 overClasses grouped 2

Total

Summary for pre-ceding years: •*

193019291928192719261925.19241923.19221921 .

Num-ber of

returns

2,83259

5,5002,2704,2501,7423,6161,112

9611,482

16898682

61135

39637

25532

1931491281026756

1697845361897

11

4

3

27,495

32, 66037, 55732,92935, 57£32, 73234, 2S484,08C86,29186,91188, 781

Net income

$1,674,02027, 061

8, 258,1913,935, 529

10, 536, 7144,108, 388

12, 438, 4823,994, 7414,179,8296, 641, 281

910, 7815, 380,895

529,1073,940, 230

266, 2872, 953,134

313,1932,154, 343

302, 3811,834,1971, 565, 5591,472,6921, 267, 568

903, 653812,323

2,915,9871, 737, 4121, 217, 6331, 238, 28o

801,082497,998453, 726

312, 99748, 214

(2)

1, 292, 55

91, 616, 46

127, 629,17181,661,36162,394, 75157, 394, 40153, 673, 20141,511,12203,034, 51215,346, 53211,061,98217, 237, 29

Tax

$220

5,759

19,675

11,744

15,808

17,153

16, 929

15, 705

13, 326

14,81314, 47814,57312, 76210,14811,62760, 33152, 44649,68860, 42057,59139,3744, 221

40, 634107, 684

(2)

173, 21

880,31

1, 480,342, 547, 822,923,092, 240,872, 756,042, 222,301,918,012,118,953, 246,093, 392,42


Normaltax

$294

7,679

26, 233

15,659

21, 078

22,602

21,106

19, 267

16,009

17, 58516,07115, 20211,92310, 00510, 34648,92434, 20424, 47322, 21414, 9838,1528,349

5,08012, 466

(2)

7,29

417, 20

i

Surtax

$7481,9262,4132,2962,799

20, 54625, 91329,28443, 79137,97933, 41530, 981

37,5744,01

(2)

79,89

393, 57

2y2 per-cent oncapital

netgain

$7, 11199

6,620

52,189

(2)

87,601

153, 62C

Tax credits


netincome

$74

1,920

6,558

3,915

5,270

5,449

4 177

3,562

2,683

2,7722,3412,5551,5742,1531,5189,1397,6714,0693,8842,482

5491,729

15698

(2)

1,58

78,76


netloss

$1, 701

1,746

1,867

5,314





KENTUCKY

Net income classe


Under I t (est.)-—Under 1 (est.)

1-2 (est.)2-3i (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-51 (est.)4-5 (est.)

5-66-716-77-8 1 .7-88-9 l . . . .8-99-10 19-1010-1111-1212-1313-14 .14-1515-20 . _ . .20-2525-30 . . . .30-4040-50 .50-6060-7070-8080-9090-100.. -100-150150-200200-250250-300...300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,000 _. . .3,000-4,0004,000-5,0005,000 and over .Classes grouped 2

Total


193019291928.-192719261925192419231922 _1 9 2 1 . - .

Num-ber of

returns

1,496

4,512,923,621,833,971,091,281,52

321,02

17669

49849

2945

22920315914610886

245132545127168

1

26,991

31,02134,62335,36733,00432,82137, 31572,11979,09169, 66669,496

Net income

$874, 2327,47

7, 031,175,026, 008,990, 674, 382, 73

13,820,483, 939,045, 619,856, 838, 701, 746, 535, 584, 601,136, 314, 285, 31

704,643, 720,43

412,802,490, 66

541,602,166,102,128,131,824,371,821, 321,453, 2491,244,124,172, 4432,965,9311,481,9931, 731,8671, 224, 556

852, 344520,801662,978254,920279,808

(2)

1,321, 315

103, 279,556

135, 098,479191,640, 708193, 766,254172,582, 213169,100,987180,217,420238,094,411214,415,879200,048,892192,273,937

Tax

$21

7,27

16,47

11,84

15,48

18,16

18,09

17,29

14,60

15,17715,2215,30415, 30815,02813,97866, 27479,32652,85578,32779,75262, 75845,85368,34630,00830, 979

(2)

208,610

1,012, 557

1,926,0485,076,8545, 639,3944,027, 7343, 226,3443,299, 7923,805,6693, 723,9604,676,8044,297,470


Normaltax

$28

9,69

21,97

15,79

20,64

23,61

22,94

21,73

18,138

18, 52417,97515,93914,50914,04812,10848, 66041, 59723,15824, 38622,61811,4649,7199,3723,8043,556

2,037

448,304

Surtax

$1,202,5563,5303,6274,212

28,13246, 58637,01861,61464,10853,43241,82153,14426, 42431,144

(2)

( 2 )

196,955

655,404

12K percent oncapital

netgain

$26

1,237

7,410

13,410

22,083

Tax credits


netincome

$7

2 42

5,49

3,94

5,16

5,44

4,85

4,44

3,53

3,343 953,192,732,6472,342

10,5188,8577,3215,7223,2611,7902,2401,232

22054

(2)

795

96,087

12H percent oncapital

netloss

$1,8773,7131,5853,447

348

3,180

2,997

17,147


177160—34—-7



TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclassesf showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

LOUISIANA

Net income classes


Under 11 (est.)..Under 1 (est.)1-2 i (est.).1-2 (est.)2-3 i (est.).. . .2-3 (est.)3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-6 i5-66-7 1

6-77-8 1

7-88-9 i8-99-10 l

9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200 _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 overClasses grouped 2___

Total


1930192919281927 _192619251924192319221921

Num-ber of

returns

1,8496

4,9312,3723,5482,1723,8721,5371,3902,313

2601,442

103842

64567

50329

382321421191037876

2061174959302010421

1

28, 934

32,97935,09336,98137, 29338,99640, 69567, 65867, 44066,97267,960

Net income

$1,033,1492,206

7, 615, 3434,121,8048, 787,8625, 264, 306

13,497,6695,490,8596,036, 741

10, 354, 5821, 401, 7937,870, 244

657, 6935,439, 461

476,1374,222, 662

422,8342, 773,937

359, 5792,193,0251, 480, 7351, 362,7341,284,9501,053, 2101,104, 3493, 540, 7672, 628, 2881,334,8362,034,8791,359,1451,099,012

640, 509304,955

(2)

423,569

107, 673,824

138, 836,043170, 713,998184 035 325

Tax

$20

5,848

18, 251

16,859

30, 351

31, 630

29, 258

29,164

22,048

22,15314, 64316,38217,91814,39017, 71073, 36185,87952, 224

108, 239100,99487,99241,33417,563

(2)

37,701

891,912

1,599,6392,859, 5684 380 028

175 254 161 2 17d R2Q185,478,850195, 585, 488221,133, 422213,802, 450203, 664, 606197, 897,146

3,311,5353,850,2063, 528, 5114, 438, 4545, 353, 5745, 304, 522


Normaltax

$26

7,797

24, 335

22,479

40,468

41,240

37,402

36, 550

27, 213

26,50016,83917, 50218,10213,73117,06356,83553,86225, 77646, 35831,02127,6845,2328,698

(2)

5,840

608, 553

Surtax

$6251,7322,4722,7713,842

24, 54140,48230,33474,85572, 33972,02240, 53618, 574

(2)

51, 723

436,848


netgain

$17540

248466

10

939

Tax credits


netincome

$6

1,949

6,084

5 620

10,117

9,610

8,144

7,386

5,165

4,3472,8212,8522,6562,1123,1958,0158,4653,8865,2452,4065,5781,205

877

(2)

509

108,250

12V2 per-cent oncapital

netloss

$7,904

6,3843,6958,832

(2)

19,363

46,178





MAINE

Net income classes


Under l i (est.)_Under 1 (est.)

1-2 (est.) -2-3 i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-615-6 _-6-7 l

6-77-8 i7-88-9 I . .8-99-10 J

9-1010-1111-1212-1313-1414-1515-2020-25 _ .25-3030-40 .40-5050-6060-7070-8080-9090-100100-150 .150-200200-250250-300300-400400-500___500-750 _750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,000—5,000 and overClasses grouped 2

Total


1930-.192919281927192619251924192319221921, .

Num-ber of

returns

69968

2,3161,5012,1601,2442, 087

739750

1,037162800

8154556

39036

26529

193181129909770

195104584636111484363112

1

16,218

17,82919,17318, 61118, 71019, 70919, 44442, 25448,43543, 04144, 397

Net income

$404,11837, 700

3, 589, 2682, 579, 3785, 384, 3722, 991, 6837, 314, 9042, 638, 3633, 297, 8144, 658,802

876,8754, 374, 623

520, 5493, 520, 401

420, 2952,910,960

304,4152, 244,471

276,1821,831, 7071, 898,8101, 479, 6261,125, 5241, 307, 3951, €09, 2013,336,9862,348, 3771, 588,2281,610,8111, 596,134

593,080901,129613,805346,152281,218692, 721520,342

(2)

3, 344, 761

74, 771,180

90,690,507115,875,339111, 558, 275103, 080,848107,979,17897,927, 563

135, 221, 259142,964, 209129,857,441124, 628, 679

Tax

$206

3,934

11,239

7,660

11,398

14,489

15, 621

15,472

14,422

12,88113,60212,97511,81916,67712,63260, 56366,80062, 23270, 50296, 70742,89577, 25458, 00830,95625,26382, 24863,484

0)

615,497

1, 527, 436

1,827,8493, 561, 7544,262,4983, 300, 7413,419,4902, 718,6582, 568,3532, 785,6963,896,8923, 974,861


Normaltax

$275

5,245

14,986

10, 213

15,198

18,715

19, 542

18,971

17, 337

15, 23915,14013,22611,68316,29711,81046,95335,86528,24823, 32620,87412,17917, 4252,5784,2363,6559,7043,967

(2)

17,486

430, 373

Surtax

$9121,9082,1813,3773,432

23, 30637,10039,70060, 30580,81138,74165, 50250, 93636,40929,23961,02044, 682

(2 )

<*)

( 2 )

531,668

1,111,229

1214 per-cent oncapital

netgain

$1,1791,938

195,4336,802

22[ 28126, 239

(2)

(2)

69,462

134, 782

Tax credits


netincome

$69

1,311

3,747

2,553

3,800

4,226

3,921

3,499

2,915

2,3582,4502,1592,0452,9972,6109,6966,1665,7165,1622,1231,0671,651

88456801558525

226

74,894


netloss

$9,1464,7936,9779,4552,2209,2338,259

10,19910,879

2,893

74, 054




TABLE 9.—Individual returns for 1931, by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

MARYLAND

Net income classes


Under 1» (est.)Under 1 (est.)_

1-2 (est.)2-31 (est.)_ _ . .2-3 (est.)3-4 1 (est.)3-4 (est.)4-5i (est.)4-5 (est.)5-6 !5-66-7 l

6-77-8 1

7-88-9 l

8-99-10 19-1010-1111-1212-1313-1414-1515-20 ._20-2525-3030-4040-5050-6060-7070-8080-9090-100100-150 . . .150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001 500-2,0002,000-3,0003,000-4,0004 000-5 0005,000 and overClasses grouped «...

Total—


19301929. -19281927192619251924192319221921

Num-ber of

returns

4,412163

7,9326,2096,2483,9708,7702,5202,8964,325

5183,278

2751,987

1761,355

1529691027135864933783172577503972162149465362321163198641

15

60,898

68, 42668,65465, 25865,09967,16066,152

126, 226127, 770110,896112,963

Net income

$1,760,35088, 597

12,176,14210,513,13815, 678, 3619, 481,967

30, 706, 0909,097,954

12, 704, 22519, 301, 3282, 795, 545

17, 927,1771, 771, 337

12,832, 4711,311,387

10,122,1301, 284, 2448. 203. 059

971,4216, 769. 7296, 134, 3565, 6G0, 2694,713,8774, 273, 7763, 729, 420

12, 918,1658,859, 7075, 912, 4077, 435,1374, 245, 4373, 541, 4362, 330, 2151, 727,1591,767,8521,499,0023,780,9211, 503,3251, 796,6491,635, 294

5, 628,814

2, 539,300

277,129,170

354,627, 248425,185,985409, 371, 465390,671,215375, 758,859362,484,950467, 225, 699401, 259, 584386,830, 235368, 691, 062

Tax

$465

14, 050

35, 753

24, 344

39,954

64, 785

60,119

59, 942


Normaltax

$620

18, 734

47, 671

32, 459

53, 272

84,866

76,151

74. 760

56 350 fi9.159

58,46548, 65153, 095

70, 68458, 54156.148

50, 484| 50. 72151,36554, 647

251, 297263, 443235, 474394,885260, 553243,871188,836153,167189,191178, 767424, 726186,958260, 595273,641

81,015,043

335, 297

5, 528, 213

9, 796, 08415, 641,82416,126,80313,859, 68611, 517,16811, 623, 22912,073, 31211, 540, 43715,363, 76514, 537, 303

50,00751,920

198, 436156, 307110,217149, 97984, 53960, 70634, 06229, 85528,94018,39839, 72716, 3652,550

13,615(*)

6,038

1,797

1, 747, 244

Surtax

$3,1637,4529,253

11,09912, 70191, 34?

136,382146, 812278, 260212,516230, 619178, 986158, 232166, 691156,130440, 583195, 477292. 605276.997

916,800

189, 907

4,112, 007


netgain

$8, 95011, 4662,7317,6071,578

12, 56411, 34046,40118,894

213

94,114

144,081

359, 741

Tax credits


netincome

$155

4 684

11,918

8,115

13, 318

20, 081

16, 032

14,818

12,809

12, 21913, 05310, 5059,4909,7419,974

38,48129, 24621, 55526, 72712, 9417,7784,9534,1154,0551,3532,3341,550

4551,024

338

488

324,305

12}/2 per-cent oncapital

netloss

$15, 57735,02742,40726, 86632, 38314, 9495,748

99, 65142,22834,10715, 960

1,571

366,474





MASSACHUSETTS

Net income classes


Under 1 1 (est.). . .Under 1 (est.)

1-2 (est.)2-3 1 (est.)___2-3 (est.)3-4 i (est.)3-4 (est.)_.._4-5 1 (est.).4-5 (est.)5-6 i5-66-7 1 _ ____6-7

7-88-9i8-99-10 19-10 .10-11_ .

12-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200 _200-250250-300 . . .300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,000— . . .3,000-4,0004,000-5,0005,000 and overClasses grouped 2

Total

Summary for per-ceding years:3

1930192919281927192619251924192319221921

Num-ber of

returns

12,982717

33,90817, 50528, 57017,36722, 2528,9906,8099,6381,5067,155• 830

4,773615

Net income

$7, 493, 598349,143

51,835, 23730, 329, 66370,086, 32141, 257, 47477,153, 39531,973, 30729,656,70443,063,9968,165,925

39,050, 2635,383, 710

30,902,1274. 598. 265

3, 373| 25,145, 511424 3. 5RR. fiOfi

2,318352

1,6981,6711, 3261,090

865704

2,4031,206

683693371207138945942

1092815643212

193, 504

202, 253213, 316215, 559214, 356224, 042221, 530378, 049415,100397, 241388, 442

19,633, 5013, 330, 321

16,117, 30717. 526, 56115, 218, 32013, 618, 63111, 655, 76110,197, 21541, 356,18426,828, 31318, 621, 23723, 786,17816, 477, 58311, 343, 4048, 916, 5647,025, 5814, 989, 6403, 951, 578

13,160,0644, 734, 2513, 345, 9381,631,5371, 339, 6601,311,070

2, 955, 223

1,818, 286

800,923,153

1, 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, 4771,153, 008,156

Tax

$1, 216

48, 739

149, 644

95,816

102,975

126, 777

131,533

127, 658

117,197

111, 667124, 356128, 289126, 970121, 260126,127662, 870669, 735671,960

1,113, 592946, 749727,196680,860586, 363460, 918403,126

1, 457, 290574, 936368, 250226, 767222, 911173,115

537, 987

255,345

12, 380,194

26, 509, 77557,857, 22359, 738, 97343,949,86637, 115,97641, 052,08840,857,13742, 527, 99357, 781, 19446, 534, 644


Normaltax

$1,621

64,986

199, 525

127, 755

137, 299

169, 651

169, 511

162, 324

146, 961

140, 631147, 560140, 317135,003120, 502123, 611517, 227366, 202297,126379, 070272, 399151,98895,02469,17852, 45635,146

132, 55534, 3346,559

12, 61114,058

4

66, 644

4,489,838

Surtax

$8,07519,53727, 35930,02034,737

288, 513408,390456,195868,689828, 579716,413666,198616, 339447,380392,412

1, 530, 929613, 376455,894175, 217178, 981136, 700

287,023

118,155

9,305,111


netgain

$12, 25425, 49136,02645, 42321, 23563,89644, 911

135, 32676,85465, 54670,66635, 34760, 295

184,801

137,813

1, 015,884

Tax credits


netincome

$405

16,247

49,881

31,939

34,324

42,874

37,978

34,666

29,764

28,96431 27931, 56535, 39229, 26232 221

142,870104,85781 36190,96259, 22629, 62418, 03711,7668,8384,786

16, 4733,842

760987491220

481

1,042, 342

I2y2 per-cent oncapital

netloss

$55, 459120, 494147, 607107, 748108, 62393,97664, 557

325,047145, 786158,98930, 7404,984

23, 664

623

1, 388, 297





MICHIGAN

Net income classes


Under 11 (est.)....Under 1 (est.)l-2i (est.)1-2 (est.)2-3i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 lest.)4-5 (est.)5-6! -5-66-716-7.7-8 !

7-88-9 L . .8-99-101 ._9-1010-1111-12 .12-13-13-1414-15 _15-2020-2525-3030-4040-5050-6060-70.70-8080-9090-100 .100-150150-200. _ . . .200-250250-300300-400._400-500500-750-.750-1,000 _ . . .1,000-1,5001,500-2,0002,000-3,0003,000-4,000 _4,000-5,0005,000 and overClasses grouped 2 . . .

To ta l . .


1930192919281927.192619251924192319221921

Num-ber of

returns

8,933189

20,49415,00015, 2099,567

16, 2704,5615,2645,920

8364,519

3722,706

2651,876

1711,218

174896772602478395317

1,035477294282145786835203269271614(

119,623

147,364177,918179,886175,806176,804188,669323,733350,072267, 953250,147

Net income

$5, 245,93071,495

31,017,31125,932,25637, 763, 77622, 441, 63156, 643, 67316,411,69622,905,88426,440,1394,501, 341

24, 688,1562, 399,840

17,468, 5671,972, 301

13,993,0591,453,883

10, 320, 5351, 652, 8418, 500, 9578, 098, 0906, 906, 7125,972,3975,318,9214, 592,344

17,843, 78610, 666, 5088, 052, 5019, 669, 5306,452,0414,229,6604,409,6382,621, 5771,670,2473,011,3888,188,9034, 668, 4053, 529, 3433, 766, 4013,030,9651,832,1672,306, 605

83, 266,859(2)

13,798,95?

5, 288,439

481,017,650

668,391,0381,029,756, 6801,066,529,992

950,085,831905,814, 790910,910,113

1,045,850,0461,041,933,086

796, 411, 946657, 779,854

Tax

$437

38,426

82, 213

45,982

55,867

76, 732

74,440

71,890

62,145

60, 76660,04961, 27358, 65759,40059,134

317,917281,617290,123469,932452,028305, 266349, 550225, 034169, 246295, 571

1, 025, 550581,547548,399543, 398491, 563230,478363,411(2)(2)517, 396(2)

2, 468,381

234, 200

11,028,018

17,479,14540, 599,86450,601,04035,599, 79fl32,408,35733, 263,01430, 983, 70S28,051,01734, 965, 00324,197,840


Normaltax

$583

51, 235

109,618

61,310

74, 489

101, 495

95,757

91,777

78,858

77,16472,40568,17262,44960, 58256,610

258, 096162, 394135,970171,376115,95565,091(31,17729,05017, 55441, 46766,01327,9737,977

19,67817,911

56

2,260,242

Surtax

$3,9219,132

12,14?13, 76515, 546

127,131164,581198,249343, 748348, 255270, 69?331,81?211,37?153,195291, 069963,338621,872474, 25438,712382, 661177,134242, 785

(2)304,756

2,066, 587

192

8,166,899


netgain

$8,07423, 5204,651

16,44320,15620, 33930, 23456, 42265,55571,80?

125, 95593, 46353,522

121,037(2)(2)

212, 672

408, 290

234,274

1,566,409

Tax credits


netincome

$146

12,809

27,405

15,328

18,622

24, 763

21,317

19,887

16,713

16,39816, 27716, 03115,93414, 94713,02267, 31045,35844,09643,54825, 58113,26010, 2685,5383,6325,029

11,7804,092

8992,4111,156

234220

(2)

220

266

534, 497


netloss

$9,71810,12121,90849,61430,00618, 21062,17048,443

129, 7614,732

38, 5361,317

191

32

6,276

431,035





MINNESOTA

Net income classes


Under l i (est.) ._ .Under 1 (est.)l-2i (est.)1-2 (est.)2-31 (est.)2-3 (est.)3-41 (est.) . _ . .3-4 (est.)4-5 1 (est.)4-5 (est.)5-6 i5-6€-716-77-8!7-88-9i8-99-1019-1010-1111-1212-1313-1414-15 . . „ _15-2020-2525-3030-4040-50 _.50-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1 0001,000-1, 5001,500-2,0002.000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2

Total


193019291928... _19271926.19251924192319221921

Num-ber of

returns

3,123132

8,4526,6315,4363,9227,4352,0812,5903,304

3462,278

1591,466

991,060

8575965

515461352290214192570316157159783518241111203211

52,853

57, 53960,70160, 75261, 43964, 22771,291

128, 237134,360122,885124, 501

Net income

$1,833, 90673, 075

12,789,79011, 356, 07213, 505,1449, 248,808

25, 969, 5097,480, 922

11, 335,89014,846,4811,872,429

12, 474,8191, 019, 6959,480, 233

739,4757,913, 392

719,1756,437,095

614, 5224, 889, 5734,822,6604,044,4653, 606,1482,889, 6282, 784,9879, 796,2646, 991,2384, 297, 5605, 398,0913,497,0501,917,2401,174, 6961,826, 368

921,9871, 046,1912,347, 693

514, 559(2)(2)(2)

1,053,941

213, 530, 771

266, 572, 313337,880,743340,152,949295, 670, 416296,414, 294305,945, 206375, 588,940372,376,782348,740,625340,833,699

Tax

$451

16,337

35,137

21, 661

31,153

39, 687

41,701

42,085

39,025

34,24736, 54737, 28237, 76332, 35736, 586

170, 391177,021151,078247,686189,184143,494102,999165,97366, 557

101,582288,32979,488(2)

(2)

79,640

2, 445, 441

4, 744, 3809,799,141

11,925,0777,383,3076, 475,3116,125,9156, 720,5677,083,5279, 419,3018,697,117


Normaltax

$601

21,782

46,850

28,882

41, 538

51,750

53,143

52,123

48, 776

42,60043,31641,11339, 31932,08035, 709

135,860102,95566,00390,00542, 46132,16324, 77626,8589,732

11, 22236,6092,212

(2)

576

1,161, 014

Surtax

$2,1545,1947,0217,4789,609

68,322103,996105,171190, 609174, 531125, 25389, 356

159, 60279, 320

115,740283,80577,893(2)(2)( 2 )

145, 267

1,750,321


netgain

$4,0275,6302,1196,782

11,5814,975

1,899

(2)

20, 548

57,561

Tax credits


netincome

$150

5, 445

11,713

7,221

10, 385

12, 063

11,442

10,038

9,751

8,3538,9239,0258, 5777,2018,732

33, 79129,93020, 09624, 53611, 8847,3444,3304, 9512,1471,9953,791

615(2)

(2)

804

275, 233


netloss

$12,41921, 5548,697

13,58527,11725, 32323, 38530,193

2(2)(2)(2)

85, 947

248, 222





MISSISSIPPI

Net income classes



1-2 ( e s t . ) . . . __2-3 i (est.) _2-3 (est.)3-4 i (est.).3-4 (est.)4-5 i (est.)4-5 (est.)5-6 i5-66-7 !6-77-8 i . . . .7-88-918-99-1019-1010-1111-12 _ _12-1313-1414-1515-2020-2525-3030-4040-50 .50-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over

Total


1930. —19291928192719261925192419231922 _1921

Num-ber of

returns

1,27535

2,386698

1,739449

1,48027139435466

21120

12019939

4611514118151412291496

9,888

12,14715,68916,14016,96417,19616,98527, 21327,85126,89725, 614

Net income

$708,81618,116

3,554,7461,211,1134,336, 7751,038, 8335,110,277

975,0121,703,7411, 607, 589

357,8011,157,400

128,656772, 551142,391695,30075,171

391,391102,838482,696432, 739206,963187, 574190,711172,888495,328305, 358250, 400203, 522129, 589

27,146, 285

40, 556,38963,922,16864, 689,48064,878;68464,859,89273,750,95082, 652, 94583,494,00976,981, 74360,104,438

Tax

$172

1,815

4,087

2,271

4,226

3,498

3,222

3,379

2,673

3,3853,0471,4931,2224,5151,9318,2878,2219,869

13,1106,798

87,221

251, 781600,076763, 702816,429643, 744989,451

1,155, 7291, 685,4391, 803,6321,069,136


Normaltax

$229

2,420

5,450

3,028

5,635

4,536

4,028

4,138

3,213

4,1333,4871,5251,4314, 5041,6996,0955,1914, 6656, 370

498

72,275

Surtax

$213270376506537

3,3183,9416,4017,3136,495

29, 370


netgain

Tax credits


netincome

$57

605

1 363

757

1,409

1,038

806

759

540

748653302585495305

1,126911

1,197573195

14,424

WA per-cent oncapital

netloss





MISSOURI

Net income classes



1-2 (est)2-3 1 (est.)2-3 (est.)3-4 1 (est.)3-4 (est.) _4-5i (est.)4-5 (est.)5-6 15-6..6-7i6-77-8 1..7-8. _. .8-91 .8-99-1019-10.__10-1111-12 . .12-1313-1414-1515-2020-25 . .25-3030-40 . .40-5050-60 _.60-7070-80 .80-9090-100100-150 .150-200200-250. . . ,250-300 . .300-400400-500.--500-750750-1,0001,000-1,500 .1,500-2,0002,000-3,0003,000-4,000.4,000-5,0005,000 and overClasses grouped 2

Total


19301929192819271926.19251924 . . .192319221921 . . .

Num-ber of

returns

3,841114

15,7408,230

10,1015,786

11, 2003,0493,1904,361

5353,294

3182,136

2161,425

1671,024

11679871358642938531893546724327512371453024163693

3112

Net income

$2,363,90472, 051

25,000, 55114,173, 06224, 685,11913,601,69539, 223, 51911,040,96113,890, 23719, 483,9032,904,129

18, 015,1482, 050, 560

13, 798, 5771, 620, 715

10,649,4641,409,3688,683,0431, 098,2907,571, 3687, 462, 0926, 728, 4585, 348,6465, 200, 3774, 602, 517

16,136, 96810, 397, 0006, 609, 6609, 433, 7065, 524, 7793,904, 2452,891,4722, 229, 0502,041, 2461, 515, 3644, 327,9961, 528, 288

624, 245

1,057,830

\

80, 356

85, 50798,36799, 29596, 40799, 509

109,059186, 784192,282173, 728172, 519

2, 583,123

331,482,726

419, 648,187558,127,649563, 951, 553501,495,130512,801,163533,836,188632, 532,962605, 275,520526,387, 658499,911,004

Tax

$584

21,024

50, 564

25, 448

42,484

53,471

59,891

55,615

54,943

54, 71055,02161,93953, 42055,89657,637

280,954284, 787234, 284453, 669352. 336286, 754235, 575196, 562213.970175, 500494,654169.39195,024

172,968

398, 447

4, 747, 522

8, 750, 37516,416,89718,910,97713, 738,25613, 496,87214, 246,81612, 373,49213, 085, 21815,972, 70614,660,351


Normaltax

$778

28,032

67,419

33,931

56, 645

76,976

77,412

70,469

69, 378

69,12166, 37268, 25756,11962,13755, 066

222, 766171, 688104, 427166,69394,84759,04747, 67220,82018,93333, 33045,389

6,0432,439

7,253

20,775

1,880, 234

Surtax

$3, 2928,713

10, 65413,48715, 650

113,890159, 264161, 777342,335279,806252, 606226,889175, 345190, 361163,902490,860217, 34681,835

118,612

190,216

3, 216,840


netgain

$2,69712, 6609,2896,125

20,81324, 8604,680

60,4768,282

11, 246

47, 671

(2)

188, 749

397, 548

Tax credits


netincome

$194

7,008

16,855

8,483

14,161

23, 505

17, 521

14,854

14, 435

14,41114, 64315,03113, 35319, 72813, 07955, 70246,16531,92042, 09821,98012,1429,5164,4973,5994,5024,288

648496

476

(2)

1,293

446, 583


netloss

$15,95812,99722, 04635, 59515, 91916, 58521,91097, 78361, 632

92

300.517





MONTANA

Net income classes


Under 1 l (est.)Under 1 (est.).l-2i (est.)1-2 (est.) —2-3 i (est.)2-3 (est.)3-4 i (est.).—3-4 (est.)..4-5 i (est.)4-5 (est.)5-6 1 __5-66-7 i6-77-8i7-88-9 18-99-1019-1010-11 , .11-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150 _ . .150-200200-250250-300300-400400-500500-750750-1,000.1,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and over-Classes grouped 2 ..

Total


1930-..1929.

• 1928...19271926._1925.. . .1924...19231922...

Num-ber of

returns

15814

1,4061,5861,138

9481,388

50156666982

37735

25615

1161188127747402836245118111034

1

1

9,722

11,63517,06717,11?18,65116,19119, 23944,01142,80938,04436,907

Net income

$88,9418,074

2, 366, 2372, 740, 6602, 725, 2752, 200, 1115,004,6201,805,7142,459,7112,990, 655

439,0072,056,042

225,0021,656,973

112, 791869, 29894, 563

738,942114,447728,297489,999460, 724348, 241485,017349, 285890,937397,035295, 867368,188129,745210, 514

220, 650

(2)

(2)

595, 535

34,667,097

45, 495, 23571, 397, 23272,908,12169,654,02359, 289,99466,825, 486

107,241,91199, 255, 94783,903,85181, 527, 662

Tax

$45

4,192

7,833

4,604

6,438

6,259

7,602

4,706

4,186

5,6914,8013,8773,6836,4945,134

17,38211,48810,04920,8327,698

14,897

18,150

(2)

33, 768

209,809

461, 2951,019,3001, 298,024

867,944561,833580,196731,111721,406

1,029,1951,051,863


Normaltax

$60

5,589

10,444

6,139

8,584

8,611

9,387

5,702

5,045

6,8555,3214,1553,6506,2404,464

13,1266,7714, 0966, 9982,3894,920

623

320

129,489

Surtax

$200590685

1,2511,2266,5985,9057,090

14,8736,484

13, 327

20,097

(2)

36, 297

114, 623

cent oncapital

netgain

Tax credits


netincome

$15

1 397

2,611

1,535

2,146

2,352

1,785

996

859

1 164720868652997556

2,3421,1881,1371,039

483513

8

15

25,378


netloss

$6922,837

2,562

(2)

2,834

8,925





N E B R A S K A

Net income classes



1-2 (est.)2-3i (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-5 i (est.) --4-5 (est.)5-6i5-66-716-77-817-88-918-99-10 ! - - - -9-1010-11 - --11 1212-13 „ _13-1414 1515-2020-2525-3030-4040-5050-6060 7070-8080-9090-100100-150150 200200-250250-300300-400400-500 -500-750750-1 0001,000-1,5001 500-2,0002 000-3 000 - - - -3,000-4,0004 000-5 0005 000 and overClasses grouped 2__.

Total


1930192919281927._ —192619251924192319221921

Num-ber of

returns

1,78375

* 3,9292,4823,2211,7623,535

9411,0331,492

154986

6258537

40125

27516

1961671331028658

183984634121381

3221

23,940

27, 27130,96231, 42632,17033,53235, 66166, 51270,54567, 50371,853

Net income

$1,004,68841,651

6,074,9514, 300,1827,984,6924,176,367

12, 372, 3193, 392, 6344,491,3826, 702, 687

831,4735, 369,833

399,7943, 774, 675

277, 3052, 990,480

213, 3402, 333,427

153, 2261, 861, 6141,748,8061, 519, 5091, 271, 3541,159, 733

841,6933,152, 6252, 202,4641, 270,9001,164,093

548,409724, 469506, 074

282, 018256, 045

725, 219

86,120,131

113, 934, 843140,322,452139, 471,054130,131,079134,153,838141,877,975189, 371, 665195,152, 562177,969,193179, 905, 513

Tax

$283

6,691

16,340

9,610

14,136

16,096

16, 580

15,821

15,179

14, 39314,94715,77214,76313, 9919,093

57,54568, 59949,73260,98228, 44657,99543, 029

23,46140,080

99,862

723,426

•

L, 381, 310, 919,473

1,109, 341, 427, 747

L, 381, 307L, 732, 535, 848,121

I, 534, 257\ 165,433}, 328,145


Normaltax

$378

8,922

21, 787

12,814

18,848

23,728

20,930

19,691

18,884

17,69917, 55117, 23615,21613, 3239,058

47,84644,97925,80526, 2678,789

11,1999,553

(2)4,4315,971

4,901

425,806

Surtax

$8752,0522,5122,9552,947

21,88734,37331,46042, 52529,38645,84439,435

21,17034,399

80, 501

392,321

12>i per-cent oncapital

netgain

$3, 722

8,41281

(2)

15,738

27,953

Tax credits


netincome

$95

2,231

5,447

3,204

4,712

7,632

4,350

3,870

3,705

3,3063,4793 5162,9652,2872,912

12,18810,7537,5337,2013,0622,7702,653

637371

1,278

102,157

1214 per-cent oncapital

netloss

$6096,667

3,306

9,915

20, 497




TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclasseSy showing number of returns, net income,, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

NEVADA

Net income classes



1-2 (est.)2-3i (est.) ._2-3 (est.)- — -3-41 (est.)3-4 (est.)4-5i (est.)4-5 (est.)5-6i5-6.6-7i6-77-817-8 •__8-9i :8-9 . . .9-101. .9-1010-11 .11-12.12-1313-14.. . .14-1515-2020-2525-30 ._30-4040-5050-6060-7070-8080-9090-100-.100-150150-200..200-250250-300300-400400-500500-750750-1,000-..1,000-1,5001,500-2,0002,000-3,000 . .3,000-4,0004,000-5,0005,000 and over. _Classes grouped*._-

Total

Summary for pre-ceding years: *

193019291928192719261925192419231922..1921

Num-ber of

returns

1421

36355328446638522810327716

20513

1232

774

424

4021149

1594

103

3

111

1

1

3,431

4,0065,1744,4774,7024,7976,164

10,66410,4679,7239,719

Net income

$75,422

576,694964,902696, 274

1,096,4191, 360, 200

812,874447,622

1, 238, 21485,857

1,119,69881,646

785, 29115,552

573, 71833,478

354, 78438, 782

378,392219,154162, 252112,20667,96973, 719

246,323200,851109,969342,196135,747

(2)

(2)

(2)

(2)

1,636, 452

14,041,657

16, 688,19521, 597, 78320,109,39217, 443, 23316, 795,82219, 661, 36927, 534, 27625,711,61122, 397,46022, 455, 508

Tax

$1,505

3,970

2,451

3,709

5,811

4,944

4,558

3,102

3,5622,8041,8932,130

9281,6714,7785,4253,405

13, 62211,259

(2)

i(2)(2)

267,499

349, 026

472, 636356, 444477, 673228, 799195,497178,361184,334241,291258,732329, 296


Normaltax

(2)

$2,007

5,294

3,268

4,946

7,300

6,094

5, 574

3 687

4, 2073, 3592,1272, 201

8041,4514,2563,741

6565,8594,079

(2)

(2)

(V)

15, 278

86,188

Surtax

$95223222181276

1,4773,1082,755

11,2527,194

(2)

(V)

(2)

245, 308

272,091


netgain

(•)

$9,347

9,347

Tax credits


netincome

(2)

$502

1 324

817

1,237

1,489

1,150

1 016

585

6456504572935756

9551,424

61,610

14

(2)

(2)

(2)

(2)

1,062

15,349


netloss

$1,879

1,372

3,251





NEW HAMPSHIRE

Net income classes


Under iUnder 1 (est.)

1-2 (est.)2-3 1 (est.)2-3 (est.) ~ - -3-4i (est.) . - - -3-4 (est.)4-5i (est.)4-5 (est.) - - -

5 66-7 !6 77 8 *7-88 9 l

8-99-10 l

9-1010-11 _ . -11-1212 1313-1414-1515-2020-25 - - -25-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750 -750-1 0001,000-1,5001,500-2 0002 000-3 0003 000-4,0004 000-5 0005 000 and over

Total


193019291928192719261925 . _ .19241923.19221921

Num-ber of

returns

87233

2,1071,2581,699

9061,477

49960867717750574

31362

21932

17733

10210881705437

11669383511644326

12,477

13, 92714,34114,13214,48415, 27616,41331, 53236,87631, 78732, 410

Net income

$509, 08215,068

3, 258, 7622,164, 6844,181,8102,161,6545,123,4831, 780,8462, 664,8203, 034,985

961, 0422, 747,459

479,0222, 016,339

461,2131,635,932

273,0931,499,279

313, 689969,021

1,135,830931,310871,635727,355539,076

1, 986,0781, 523, 5891,026,6351,207,124

478,929333,811259, 821306,881250,690191,734709,802511,723

49, 243, 306

60,014, 73974,306, 91372,610, 26670, 560,94966, 743, 81770,117, 77194,132,914

104,852,12285, 577,05882,352,496

Tax

$70

2,983

7,775

4,694

9,424

9,211

8,078

8,359

10,271

6,8257,0427,3147,2227,1135,357

31,35538,09034,64763,17528,09225,91618,08732, 67724, 24216,86274,65473,754

563,289

952,0641, 734,8281, 991,8541,824, 9311, 201, 2981, 218,8221,377,3931,643,1502,133,6311, 759,290


Normaltax

$93

3,978

10,367

6,259

12,565

11,912

10,251

10,261

12, 251

8,1637,8527,3806,8426,2224,500

22,06620, 02312, 56920,4636,1325,6511,4828,6312,0311,0083,1851,023

223,160

Surtax

$5561,2101,6941,9751,870

13, 79422, 74824,35943, 78824,11122,54620,84026, 54912, 20421, 75090,75266,269

397, 015


netgain

$4, 37891

2,12111,264

7306,910

25,494

Tax credits


netincome

$23

995

2,592

1,565

3,141

2,701

2,173

1,902

1,980

1

L, 3661,2761,3141,084

013\ 5054,6812,2814,1141,3111,405

5421,483

2317

13448

45,484


netloss

$1,340931876

3,6933,1411,0265,889

20,000

36,896





NEW JERSEY

Net income classes


Under 11 (est.)Under 1 (est.)l-2i (est.). __„1-2 (est.)-_ .-2-3 i (est.)2-3 (est.)

3-4 (est.)4-5 1 (est.)- -4-5 (est.)5-6 i5-66-7 l

6-77-8 !7-88-9 i8-99-10 !9-1010-1111-1212-1313-14 . . .14-1515-20 . -20-2525-3030-40 . -40-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001 500-2 0002,000-3,0003 000-4 0004 000-5 0005,000 and over

Total


19301929_-1928192719261925.-1924.19231922_1921

Num-ber of

returns

6,426669

22,86219,84121,29116, 82223,6339,6268,031

13,1741,2868,970

5785,713

4433, 934

2722, 744

2412, 0751, 6301,273

962829645

2,021978474531233141856639488736128

103333

3

178,754

187,943195, 772196,681195,467176, 320150,874299,904293,503301,834269,096

Net income

$3,907,435399,644

36,015,16634,411,77852,735, 55140,111,47082,673, 57834,449,36134,980,97758,963, 9006,949,807

48, 936,1573, 726, 393

36, 867, 5053, 313,636

29,381,5132, 307, 267

23, 243, 6522, 280, 656

19,661,91117, 069, 29514,616,85111,996,76711, 177,7149,341,317

34, 696, 20621, 791, 58612,958, 32018,193, 33610,317,1417, 676, 5635,498, 2314,938,0383, 293, 4854, 559,171

10, 427,4226,327, 5912,681,6002,159,3753,527,1081,251,7021,718, 5732,789,0013,676,690

7,763,733

785, 764,184

956, 732,8491, 212,423, 2261,241,411,3591,117,398,0641,032,297,571

943,672,7511,177,421,0811,050,741,1771,032, 262, 375

856,856,058

Tax

$3,133

54, 292

150, 733

104,420

135,804

151, 267

162,315

147, 262

137,214

140, 936136, 035134,710126, 275142, 238124, 429636,147612,166487, 516887, 449651,023560,401461,484422,978314,628490,991

1,271,046785,797452,165343,827486,456226,065312,976508,732710,318

1,498,023

13, 971, 251

23, 219,24043,956,01751,889,94138,911,89432,858,09232,383,15531,941,14830, 552,64240,982,61633, 258,294


Normaltax

$4,177

72, 390

200,977

139, 226

181,072

203,635

208, 200

193, 758

178, 268

179,177163, 096148, 705132, 581145, 459120,823542,121392,887237, 794371, 248219, 789145,807103,34588,41450,35477,588

126, 84277,79046,72612,69630,8839,7407,682

12,047

18,132

4,843, 429

Surtax

$7, 84719,11623, 74429. 74232, 059

240,834333, 351320, 705659,857514,041487,983419,659434,723321,491509,461

1, 210,483814,919370, 206288,987370,165202,656295,757532, 780710,318

1,491, 232

10, 642,116


netgain

$6,48412,82417,06018,02128, 55114,0822,938

124, 53392,16446,48452,817

161,34814,16514, 336

1,960

607,767

Tax credits


netincome

$1,044

18,098

50, 244

34,806

45, 268

52, 368

45,885

46, 496

41,054

38, 24134,90833,11130,05032,96328,453

146,808114,07270,983

101,37348,00731, 51615, 70711,6567,4368,926

16, 5847,1062,478

7291,228

49653

600

502

1,119, 249


netloss

$48,76747, 62458,93363,834

117,05463,86390,070

174, 228191,970

8,7739,944

74, 712

4,74635,495

12, 799

1,002,812





NEW MEXICO

Net income classes



1-2 (est.)--.-2-31 (est.)-2-3 (est.)3-4 i (est.)-3-4 (est.) —4-5 i (est.)-4-5 (est.) —5-615-66-716-77-81 __7-88-918-99-1019-1010-11 - _11-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80—80-9090-100100-150. -150-200200-250250-300300-400400-500500-750 -_750-1,0001,000-1,5001,500-2,000—2,000-3,0003,000-4,0004,000-5,000 _.5,000 and overClasses grouped 2._

Total.


1930-_1929 -192819271926. —1925—1924.102319221921. .

Num-ber of

returns

3925

891565648453786328193362

31252

14131

10931060

322219138

1427105

1

2

2

5,389

6,2886,8746,6866,4626,5137,203

11, 59512, 20211, 55311,780

Net income

$210,0603,665

1,369,657984, 275

1,614,1961,087,9982,736,3191,160,453

838,9181,629,194

167,1841,371,612

91,196845,149

73,968700,56083,867

506, 76828,459

304,416231,509219,791161,840107,585201, 547468,799230,893135,769245,385

(2)

243,600

176,837

18,231,469

24,970,9730,875,6329,995,5026, 288,1424, 631, 5023,994,7131,951,1132, 667, 6128,982,8127,838,16

Tax

$31

1,492

3,819

3,649

4,885

5,711

4,902

4,951

4,085

2,6271,9242,5291,8031,2864,3559,1567,3995,491

13,207

31,958

2,076

117,33

222,45299,88464,43283,40227,47178,76223,84337,35383,75351,62?


Normaltax

$42

1,990

5,092

4,866

6,514

7,317

6,008

5,999

4,843

2,9852,0082,5101,8791,1344,2566,8343,9752,2444,461

74,957

Surtax

$115299296275672

3,0863,5783,3099,248

(2)

(J)

31,822

7,539

60,239


netgain

136

13

Tax credits


netincome

$11

498

1,273

1,217

1,629

1,606

1,106

1,048

758

35819928037212357376415462

502

12, 533

12y2 per-cent oncapital

netloss

(2)

$5,463

5,463




TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax creditst and taxcredits; also total number, net income, and tax for prior years—Continued

NEW YORK

Net income classes



1-2 (est.)2-3 i (est.).—2-3 (est.)3-4 1 (est.). _3-4 (est.)4-5i (est.)4-5 (est.)5-6 15-66-7 16-77-8i7-88-91.8-99-10 19-1010-11 _11-1212-13 -13-1414-1515-2020-2525-3030-4040-50 . . .50-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500 . . .500-750750-1,0001,000-1,500—1,500-2,0002,000-3,000 _.3,000-4,0004 000-5,0005,000 and over

Total.


1930-19291928192719261925 __1924 . -1923..1922.1921

Num-ber of

returns

24, 7241, 362

84, 25767,73273,90262,45478, 26433,77029,17543,8384,364

30, 0682,183

19,4471,510

13,4961,1859,5531,0327,5236,0814,9304,0193,2032,7808,5684,4102,4362,7581,463

95060243926223552620694636733472012732

2

634,057

711, 566757,835780, 418766,974753,044751,941

1, 215,6401, 221, 6541,102, 7481,068, 637

Net income

$14,070,106797, 284

131,117, 745119,050,046183, 406,819149,150, 264273,473,022120,168,853126, 910,077196, 765,619

23, 570,015164,123, 906

14,127,850125,680,666

11, 298, 348100,856,684

10,055, 20380,967,925

9, 797,06471, 354,44363,697, 26856,627,18450,136,14743,180, 73540, 265, 703

147,154, 59698, 291, 46966,683,61295,054, 59365, 264, 89951,880,83038,994, 28032, 783,86622, 250,84422, 306,99663,889,50435,136, 27821,064,56517,081,44323, 235,68214, 640,94228, 840,97317,854, 24014,366,93412, 763,7196,925, 5856,918,171

24, 600, 732

3,108,633,729

4,189,130,1066, 253, 465, 6996,458,089, 2075,398,451,0054,984,020, 2814,903, 288,9945,144, 766,1824, 565, 314, 8984,110, 588,9893,617, 757,104

Tax

$3,977

206,465

574,684

424,455

532,382

553,442

598,054

574,196

543,837

564,805526, 24/542,835558, 663539,432578, 248

2, 789,9292,825,0392,614, 2484,650, 2463,960,8473,694,1503, 086,3252, 839,8332,116,1222, 262, 3467,404,4094,350, 4822, 690, 7992,318,1143,188, 7842, 520, 3934,223, 6862, 326, 8722, 417, 2921,832, 4341,119,0041, 323, 560

4,099,152

77,975,788

163, 508,893396,687,348451,606,998305, 210,059247,164, 324252,157,834236, 774, 567192,311,565273,960,079210, 768, 379


Normaltax

$5,303

275,287

766, 246

565,940

709,843

744,636

764, 238

72.5, 740

683, 296

711,356634,830617, 489599,482562,140587,065

2,394, 2321,846,9381, 340, 5991,984, 6051, 358, 7211, 069,163

754, 203546,615387,041387,058935,112441,440233, 498205,169236,812191,926169,68334,330

107, 57645, 774

23, 623, 386

Surtax

$29, 33372, 98398, 646

111,447138,324

1,018,1211,496, 2951, 636,9243, 423,1833, 327, 2683, 306,1352, 901,6122,742,5412,126,8272, 264, 3207,341, 0374, 596, 2032, 716, 5832, 302, 3762,967,3562,076,3644, 306,9132, 568,9672,141, 4892,148,711

756,0241, 251, 237

4,903, 466

64,770, 685


netgain

$39,07685,294

177,735180,109291, 288137,615203,313722, 269414, 463458, 216248,912588,502378,116553,926530, 601375,139217,174377,545

72,323

6,051, 616

Tax credits


netincome

$1,326

68,822

191, 562

141,485

177,461

191,194

166,184

151,544

139, 459

146, 551137, 916147,637139,465134,155147,141622,424518,194363, 275501,672270,813181,025116,16272,22943,19844,256

102, 03730, 27313,4968,473

10,0827,2566,4411,772

959220225

4,996,384


netloss

$294,946539,623677,858633,437668,382492,163548,089

1,491, 9721,071,351

704,002429,870593,804118, 757800,395805, 254205,953579,005

14,340

804,314

11,473,515





NORTH CAROLINA

Net income classes


Under 11 (est.) „ . .Under 1 (est.).

1-2 (est.)2-3 i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 1 (est.)4-5 (est.)5-6 i _5-66-7 !—6-77-8 i7-88-9i8-99-10 i

9-1010-11 _ .11-1212-1313-14 -__14-1515-20 _ .20-2525-3030-4040-5050-6060-7070-8080-9090-100 _ . .100-150150-200200-250250-300300-400400-500500-750750-1,0001 000-1 5001,500-2,0002,000-3,0003 000-4 0004,000-5,0005 000 and overClasses grouped 2—

Total __„

Summary for pre-ceding years: »

1930 _1929__. _.19281927...19261925__.1924 _.192319221921

Num-ber of

returns

1,67433

5,1521,7013,31?1,1313,651

6981,1811,070

22265911738368

23855

18755

1151301061017857

1608248722312128

4

1

22, 625

25, 21628,86030,99733, 39835, 33238,74063, 86468,19158,00944,161

Net income

$1,027,64619,155

7, 996,6212, 926, 2208,191,3042,646, 540

12,671,8472, 516, 60?5,157,6894,808, 9301,199,4033, 616, 446

760, 6472, 473, 630

510, 3011, 780, 724

467, 3471, 586,100

524, 0741, 089,0361,364,1341, 216,7301, 261, 5951, 052,038

825,1902, 722,0071,839,1321,311,2662,462, 0881,015,821

645, 977790, 680590, 903420, 284460, 791

1,128, 610312, 451

824, 5861, 476, 669

1, 908, 783

(2)

2, 442, 583

88,042, 580

103,624,484130,352,897161,039,786155, 916,827153, 231,981161, 623, 754200,888, 953206, 638, 618171, 929, 259127, 992, 951

Tax

$164

4,185

9,439

6,252

8,859

10,310

10,435

8,092

9,122

7,4249,4487,7209,6568,6937,871

40,86439,39345,442

114, 56458,62044, 42149, 52346,27241,86355,147

144, 28145, 031

138, 261258,167

374,077

(2)

416,800

2,030,396

2,426,5623, 282, 9576,051,6414, 519, 8703, 398, 2453,178, 7673, 777,8734, 767, 2574,908,6113, 760,499


Normaltax

$218

5,580

12, 586

8,336

11,812

13,453

13, 246

10,231

11, 218

9,48910,9278,0378,9508,2227,494

31,00319, 59517,44836,15510, 5077,941

9273,4525,1043,8805,803

25, 382

715

307, 711

Surtax

$6451,5512,7302,7212,822

18, 48427, 39031,14789,40649, 53038, 62459, 89540,19334,49141, 032

138, 71643, 731

135, 571258, 974

336, 774

(2)

463, 497

1,817, 924

12K percent oncapital

netgain

$7133,923

6,76110, 52810, 770

1,300

2,704

12, 477

49,176

Tax credits


netincome

$54

1,395

3,147

2,084

2,953

3,143

2,811

2,139

2,096

2,0652,1241,8682,0242,2502,4458,6237,5923,1539,6762,1301,233

5761,009

864491238

1435

526

(2)

619

69, 377


netloss

$1,321

4,83410,7233,1257,396

44

772

30

46,793

75,038


177160—34 8




NORTH DAKOTA

Net income classes



1-2 (est.).— -2-3 1 (est.) -2-3 (est.)3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)6-6 !5-66-7 i6-77-81 . . .7-88-9 !8-99-10 J

9-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1 0001,000-1,5001 500-2 0002,000-3,0003 000-4 0004 000-5 0005,000 and overClasses grouped 2

Total


19301 9 2 9 —192819271926 -19251924192319221921

Num-ber of

returns

9186

1,627666

1,24640095219322624728

14920

1075

603

432

2819151444

18831

1

7,013

8,2629,1709,7109,7589,881

11,71519,16018,05418, 75018,440

Net income

$533,0522,592

2,484,9841,152,1003, 063,471

926, 6583, 276, 222

692,577973,640

1,104, 315151,775811,288128, 716694,08437,485

451,83925, 354

364,10019,108

266,181199, 629169,813174, 55954,13558,309

307,703172, 398

(2)

173, 539

18,469,626

24,476,99231,197, 25034,878,01533, 252, 34133,169,11735, 695,17848,689, 79442, 973,99643, 767,08943, 032, 753

Tax

$10

1,672

3,335

1,865

2,549

2,526

3,037

2,240

2,334

1,7611,1331,2912,527

738901

5,6094,735

4,256

42,519

86,704111,346209, 440187, 635180,012162,589268,090276, 288453, 219485, 783

Tax before tax credits '

Normaltax

$13

2,230

4,447

2,487

3, 399

3, 300

3, 758

2,771

2,826

2,1351,3621,2682,544

724851

4,5673,038

1,141

42,861

Surtax

$79198387141206

1,8762,418

3,215

8,520


netgain

Tax credits


netincome

$3

558

1,112

622

850

774

721

531

492

374308175404127156834721

(2)

100

8,862

12^2 percent oncapital

netloss





OHIO

Net income classes



1-2 (est.)2-3 i (est.)2-3 (est.)- —3-4 1 (est.).. _.3-4 (est.)4-5i (est.)4-5 (est.)5-6i5-66-7i6-7 .__7-8 1 _7-8..8-918-99-10 19-1010-11 - .11-1212-13 -13-14 . . .14-1515-2020-2525-3030-40.40-5050-60 .60-7070-8080-9090-100100-150150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,000 _2,000-3,0003 000-4,0004 000-5 0005 000 and overClasses grouped 2._.

Total

Summary for pre-ceding years-3

1930 __1929. . .1928192719261925192419231922.1921

Num-ber of

returns

6,369314

27, 36017,17119, 23512, 54724,9657,3938,520

11,0331,4016,880

6954,322

4902,956

3762,032

2821,5921,3331,119

842709559

1,75387848846124614882673931722193814111

164,809

199,600215,804218,479222, 707231,196224,643418,048463,017364,988367,096

Net income

$3,693,808167,852

43,043, 50428,938,13147,381,39429, 857,41087,679,05426, 644,33237,027, 52149,403,167

7, 586,36537, 581, 7074,494,976

27,933,8933, 665, 793

22,067, 2103,184,808

17,246,0352, 671,677

15,098, 76013,974, 27012,841,89210, 502,1529, 563,0138,102,479

30,033,46019, 575, 64613, 302, 55415,978,53911,016,3498,139,0865,316,1154,997, 5343, 322,1612,945,4348,679,4793, 599,1311, 991, 851

825, 8202, 785, 265

6,492, 508

689,352,135

950, 397,1341,259, 571,9391,302, 762,0011,153,756,2141,146,495, 8711,141,453,0711,403,748,5901,457,696, 5671,138, 934, 7141,060,027,926

Tax

$922

36,154

112,432

75,325

111, 106

116,808

115,222

109,177

97,313

104,01894, 770

104, 25998,128

104,34094, 346

469, 757525,010478,686742,649720,888586,217396,438402,819338,953314,576994,379493,832306, 414140,111361,981

1,095,830

9, 742, 860

21, 879,27243, 633, 67855,393,57535,519,33732,839,05230,321, 36032,061, 82233,061, 87739, 310,40833, 574,094


Normaltax

$1,229

48,205

149,910

100,433

148,141

154, 657

148,991

140,940

127,977

132,939115,986115, 843102,662106,05792,130

373,953307, 724219,913260,962177,105114,69968,19447,37943, 29729, 93989,53538,05320,729

239,019

( 2 )

32,434

3, 519,058

Surtax

$6,40216,36020,63424,86227, 702

208, 224304,063325,377577,185595, 671524,422402,101404, 786319, 478281, 225995, 661454,621285, 086140, 010419, 540

(2)

1,090,578

7,423,988


netgain

$9,23830, 11120, 40922,53545,98327, 81646, 03993, 30662,18625, 659

8448, 833

27,961

460,160

Tax credits


netincome

$307

12,051

37,478

25,108

37,035

37,849

33, 769

31,763

30, 664

28,92127,61827,94425,16826, 57925,486

112,42086, 77766,60469,25442,80723,90912,3388,9237,1226,367

13, 7353,5562,632

6911

921

866,022


netloss

$35,48239,19249,40484,05486,40844,51636, 260

170,38857, 47222,428

114,500

(2)(2)

54,222

794,324





OKLAHOMA

Net income classes

(Thousand ofdollars)


1-2 (est.)2-31 (est.)2-3 (est.)3-4i (est.)3-4 (est.) -4-5i (est.)_—4-5 (est.)

5-66-7 16-77-8 17-88-9 18-99—10 19-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250.250-300300-400400-600500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005 000 and overClasses grouped 2 .

Total

Bummary for pre-ceding years:3

1930192919281927. . . .1926. . . .1925192419231922..1921.. ._

Num-ber of

returns

3,06551

6,2142,2404,7661,4503,570

7911, 0611,371

173888

5259334

37941

23234

211176137907563

2021025860221876432

1

28, 242

32, 52637,00037, 26139,80637,49740,82563, 35770,18972, 06369, 381

Net income

$1, 766, 45426,159

9,461,0783,899. 366

11, 669,4323,429, 060

12, 246, 3712, 858, 4164, 650, 2046,134, 624

928, 5944,850, 232

336,8073,819, 615

253, 0592,836, 358

347, 5791,968,422

323, 4362, 004,398

Tax

$214

5,800

12, 439

6,439

11,955

14,799

16, 782

14,892

12, 457

14. 75fi1 841 495 12 7ftf1, 578,6821,123,3101,006,930

912,6033, 468,8962, 270,1551,588,1852, 064,783

969, 024977, 583442,012450,850336,699273,859

(2)

479,171

93, 593,901

157,410, 693216,346,916211,061,345212,341,656223,036,805219,960,990211, 271,658221, 293,177217, 555,604191,816,067

14, 40210, 96513,64612, 69667, 49767,37065, 785

114, 54167, 68079,66234,13748, 27437,30631,998

(2)

72, 614

861, 871

3,416,9926, 020,9506, 446, 2746, 232,1248,134, 6546,897,1193, 794, 4773,909,9266,414,3364, 206, 507


Normaltax

$285

7,733

16, 586

8,585

15,940

19, 559

21,090

18,870

15, 554

18,38815, 26115,88711,29513. 41412f 03455, 66147, 06536, 53545, 53121,94519,0468,9788,4774,2582,366

(2)

13, 981

474, 324

Surtax

$8222,0402,2382,5453,039

24,12134, 72438, 59072, 04748,94764,19831, 29741,90226, 40330, 013

(2)

37, 655

460, 581


netgain

$6,06489256

2,755

7,312

(2)

21, 465

38, 544

Tax credits


netincome

$71

1,933

4,147

2,146

3,985

4,760

4,308

3,978

3,097

3,6323,3183,5252,5682,3132,377

12, 28514,4199,3406,6073,6993,638

8261,942

667381

487

100, 449


netloss

$2,494405

8,06716a

11,120-





OREGON

Net income classes


Under 11 (est.) . . .Under 1 (est.)l-2i (est.).1-2 (est.)2-3i (est)2-3 (est.)3-41 (est.) _.3-4 (est.)4-51 (est.)-- --4-5 (est.)

5-66 - 7 1 .6-77-81__7-88-9iS-99-101-9-1010-1111-12 .12-1313-1414-1515-2020-2525-3030-40 ,40-5050-60 . . . .60-7070-8080-90 __90-100100-150...150-200 .200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,000 _2,000-3,0003,000-4 0004,000-5,0005,000 and over

Total


19301929...19281927 _192619251924192319221921

Num-ber of

returns

56246

3,1792,7242,6191,6372,938

948993

1,428104924

5154133

35826

22417

148129103644441

15356382712

c

23

22

20,181

26,04728,19429,33333,90330,95532, 54266, 66969,12361,87962,804

Net income

$320,68520,448

5, 238, 3984, 698, 2256, 397, 5323,848, 393

10, 524,0243,413,1334, 289,0896,403,027

565, 6475,024, 543

328, 6773,485,851

249,0292, 675,098

221,1781,893,147

161,3011,403,0281, 346, 7301,184, 273

797, 630593, 220590,829

2, 658,0681, 265, 6991,059,071

932,856529,093266,054134,804224,640

193,126218,113

73,154, 659

106,076,107129, 360,587132,829, 673140,739,425135,030,190132,022, 718189,884,373189,854,013161, 226, 232159, 574, 639

Tax

$46

6,209

18, 213

9,323

12,949

16, 276

15, 881

14,193

12,415

10,46511,43712,4069,7817,5067,741

51,96137, 28741, 58046, 84837, 77718,58713,85314,452

23,90422,965

474,055

1,073,6861, 663,7752, 387,2761,920,5972,175,3221, 787,9922,025,0682,891,8044, 239, 7894, 951,580


Normaltax

$61

8,279

24, 284

12,431

17, 265

21, 288

19, 999

17, 740

15, 374

13, 00213, 62813,9599,9127,6817,475

43,12822,94721, 72619, 72012, 6204,7202,9845,681

4,321784

341,009

Surtax

$5871,5181,5701,4931,936

19,03420,15326, 37433, 75927,17817,1169,903

17, 749

13, 89017, 226

209,486


netgain

$1,037

5,7547,004

13, 795

Tax credits


netincome

$15

2,070

6,071

3,108

4,316

5,012

4,118

3,547

2,959

2,5372,7783,0711,7011,6681,670

10, 2015,8136,5205,1811,135

51971

746

61416

75,304


netloss

$1,450886

2,730

8,232

1,633

14, 931





PENNSYLVANIA

1

Net income classes


Under 1 * (est.) ..__Under 1 (est.)l-2i (est.)1-2 (est.) _ . .2-3 1 (est.)-2-3 (est.) -3-4i (est.)3-4 (est.)4-5i (est.) ____4-5 (est.) -5-61,5-66-716-77-8i7-88-9i8-99-10 19-1010-1111-1212-1313-1414-1515-2020-2525-3030-4040-5050-6060-7070-80 . .80-9090-100100-150150-200 .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 overClasses grouped 2

Total


1930192919281927192619251924192319221921

Num-ber of

returns

12,302557

43, 75329, 55333, 91422,13636, 79411, 22912,19613, 5962,527

11,0941,2747,241

8025,002

5643,681

4832,7532,3801,8821,5111,2641,0583,0941,595

9221,032

5323191891328565

17558312221

7103c

3

i1

267,848

322, 503364,145361,220381,374397, 575376, 923713, 427740, 478587, 770621,103

Net income

$7,118,539304,827

68, 724, 66150,818,88183,473,91952,657,145

128, 530, 75940, 227, 84153,120, 37060, 747, 82913,681,69060, 648, 2128, 228, 447

46, 803, 8525,993, 551

37, 317,4634, 783, 549

31,199, 0264, 598, 955

26, 086,87824, 938, 79621, 589, 67318, 839,78817,051,10315,327,81853, 276,86235,455,76225, 082, 44935,416,61923, 770, 34317, 456, 43612,177, 7819,915, 3797, 248, 5396,135,099

20,919, 36010, 069, 5646, 812, 6275, 968, 3757,154, 4792, 970,1635,907, 7612, 738,9505,999, 567(2)

(2)(2)

16,110, 333

1,193, 400,020

1, 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, 0201, 937, 291,858

Tax

$1,920

72,550

188, 402

115,179

141,778

203, 297

209,840

201, 350

190,156

183,960184,852191,630191,934197,937194,196944,952991, 309941, 780

1,696, 6531,443, 1571, 253,475

977, 733871,185707, 910664, 379

2, 435,1461, 334, 744

990,869896, 895

1,034, 727515,663971,315455, 571927,559(2)

(2)(2)

2,330, 555

24, 854, 558

46, 825, 52890, 694, 65596, 772, 46578, 674, 52576, 887, 31573, 364, 34577, 873, 52173, 266, 63093, 573, 55984, 660, 220


Normaltax

$2,560

96,734

251, 202

153, 572

189,037

266,844

205, 236

250, 465

234,951

227,132214, 247205, 886194,386192, 675180,006733, 782580, 360411,100624, 931435, 666285,915183, 605134, 349112, 66494, 750

204, 27079, 36181,19438, 57945, 791

2, 35440, 50238,481

7, 052, 587

Surtax

$11, 73027,90637,57544, 34352, 296

373, 906544, 726623,279

1, 275, 1971, 216, 2141,109, 359

869, 528844, 787678, 525674, 429

2,466,1191, 202, 869

996, 249732, 823

1, 010, 255535, 329853,718522, 770

1,158,095(2)

(2)(2)

2,153,262

20,015, 289


netgain

$22, 67628,10342, 06988, 22059, 79256,40711,950

202, 864213, 618

78,334193,849159,731

203121,054

74(2)

(2)

641, 940

1,920, 884

Tax credits


netincome

$640

24,184

62, 800

38, 393

47, 259

63,547

55, 396

49,115

44, 795

43,17241,12542,16240,02739,08138,106

162, 736133, 77792, 599

126, 51773,18842,94328, 45417,17710, 79612,14825, 3187,7604,5742,6683,791

9382,148

145610

(2)

(2)(2)

571

1,378, 660


netloss

$99, 634163, 638140,925135,166150,566128,890104,602412,789153,344160,33465,688

177, 25921, 28541,811

105, 535230,000(2)

(2)464,076

2, 755, 542





RHODE ISLAND

Net income classes


Under 11 (est.)Under 1 (est.)l-2i (est.)1-2 (est.)2-3 i (est.)2-3 (est.)3-4i (est.)._ _3-4 (est.)4-5i (est.). _4-5 (est.)-_5-6i _5-66-7 16-77-8i7-88-9 !8-99-1019-1010-1111-12 . ._ _.12-1313-14 _14-1515-2020-2525-30 ._30-4040-5050-6060-7070-8080-90.90-100100-150150-200200-250250-300 _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.


1930192919281927192619251924192319221921

Num-ber of

returns

90243

3,1002,0572, 7312,0862,6501, 235

9701,541

2261,030

10166398

47560

32454

30120422117413011535614291

104483029111413287333

2

22, 375

23, 86226, 48125, 80125,18426, 36229,12348, 79266, 96550,07648,057

Net income

$515,08023,370

4,849, 2703, 572, 9366, 788,9895,044,9489, 248,4244, 410, 6334, 250, 4336, 904,1201, 229, 6355, 631,959

649, 0004, 299, 790

726, 7533, 549, 427

508, 5952, 742, 092

510, 9812, 855, 7932,144, 3252, 533, 3442,177, 7741,749, 7811, 666, 5606,137, 3603,143,9552,478,9063, 581, 9842,135,4381, 624, 3591,883, 587

831, 7641,175, 5471, 231,4933, 378,4471, 227, 412

685,802783, 506992, 514

1, 283, 311

111, 159, 397

136,571,363184, 531,178176,225,164157,464, 733155,050,974160, 955, 280191, 556,190214, 749, 602171,409,669157,568,411

Tax

$154

5,881

19,893

15,982

17,407

19, 372

18, 397

18, 365

18, 760

20, 69616, 25520, 88221, 39119, 32521, 531

105,10387, 50090, 287

160, 371131,94499,125

128, 52069, 704

118, 527137,137421,492157, 067101, 386135, 696163,998

236,471

2, 598, 619

4,114, 5267, 851, 3638, 093,0136,332,1695, 545, 7875,817, 9776, 722, 4916, 658, 0899, 351, 5809, 236, 328


Normaltax

$206

7,841

26,524

21,309

23, 210

25,135

23, 352

23, 205

22, 895

25, 50819,26022,86121,98719, 21220, 65580, 70851,98843,28352, 45335, 65018,81417, 74512, 51713,8829,327

25,63710, 7331,3085,6565,299

688,160

Surtax

$1,0253,2144, 5754,4955,710

42,93246, 59859, 750

130, 826110,345105, 551131,54072, 52093,748

120, 592422,469155, 55085, 901

131, 681171,482

239,982

2,140,486


netgain

$117565872

11,6681,587

17,64415, 78716,996

81016,606

82,652

Tax credits


netincome

$52

1 960

6,631

5,327

5,803

5,763

4 955

4,840

4,135

4 8124,0305,1935,1714,3824 834

18, 53711,08612, 74610,8157,6863,7273,167

919835

1,9051,937

98812

729530

143, 507


netloss

$12,2106,930

22, 38&29, 26616,0015,9126,664

41, 6739,0382,417

91212, 253

3,511

169,172



114 STATISTICS OP INCOME

TABLE 9.—Individual returns for 1931 by Stales and Territories and by net incomeclasses, showing number of returns, net income, tax, tax before tax credits, and taxcreiits; also total number, net income, and tax for prior years—Continued

SOUTH CAROLINA

Net income classes



1-2 (est.)2-3 1 (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)....4-5i (esfi4-5 (est.)'5-6 15-66-7 *6-77-8 17-88-9 18-99 -10 '9-1010-1111-1212-13 .13-1414-1515-2020-2525-3030-4040-5050-60 _ .60-70 _70-80 .80-9090-100100-150150-200200-250250-300300-400 .400-500. _500-750 .750-1,000 ._1,000-1,5001,500-2,000...2,000-3,000. „3,000-4,0004,000-5,0005,000 and overClasses grouped 2

Total


1930..1929. . .19281927—1926. . .19251924192319221 9 2 1 . . -

Num-ber of

returns

77941

2,346848

1,948701

1, 37o337342501

79333

31206

22141

1993138151383220345329151591

111

10, 536

12,17913,23213, 72514,31013,80915,72728,09028, 22526,83025,160

N e t income

$456,21619, 307

3, 520, 3061,462,2924,842,5831,661,4594, 744, 3611,220,1211,495, 3472,242,723

427, 6041,811,557

200, 5381, 331, 521

165,4031,051, 278

161,156782, 487123, 318765,930532, 816437,124401,851268, 202491, 306908,324641,926417, 366526,188

8

i

748,171

33,858,781

42,714,13250, 257,41655, 510, 36055, 218,67953, 060, 33157,661, 54479,613,88687,031,35572, 755, 77068, 255,825

Tax

$172

2,251

6,427

3,241

4,599

5,060

5,741

5,000

4,902

6,1593,9683,8563,7513,0915,301

16,24617, 53015,14925, 949

59, 550

197,943

304,596566,252716,628554,731420,164430,879727,462

1,555,3151, 268,3051, 246, 523


Normaltax

$229

3,002

8, 570

4,321

6,132

6,577

7,226

6,264

6 062

7.5984, 5544,4353, 6293,0875,207

12, 65110,8385,5959,635

(2)

<2)

13,953

129, 565

Surtax

$360563816682

1,6086,2309,690

10,12918, 304

i

59, 307

107, 6S9


netgain

Tax credits


netincome

$57

751

2,143

1,080

1,533

1,517

1, 485

1, 264

1,160

1,439946

1,142694678

1,5142 6352,998

5751,990

2,330

27,931


netloss

$11,380

11,380





SOUTH DAKOTA

Net income classes


Under 11 (est.)..Under 1 (est.)

1-2 (est.)2-3 1 (est.)2-3 (est.)3-4i (est.)3-4 (est.)4-5i (est.)4-5 (est.)_-_5-6 i

5-66-7 16-7

7-88-9!_8-99-10!9-1010-1111-1212-1313-1414-1515-2020-2525-30 _._'_30-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300 . . _ .300-400400-500500-750 . _750-1, 0001,000-1,5001,500-2,0002,000-3,0003,000-4,000 .4,000-5 0005,000 and overClasses grouped 2.

Total


192919281927192619251924192319221921

Num-ber of

returns

78813

1,475740

1,210460

1,05423927034938

22817

1227

908

633

43313019181137113

2

2

1

7,387

9,44910, 44910, 64910,96912,41417, 08626, 50621,92821,46521,681

Net income

$433,4106,512

2, 214, 5471, 276,0102, 989,1531,082,9793, 625,011

863, 5231,177, 9871,563,232

204, 0511,240, 343

110,150789, 66452,112

673, 53767,145

534, 36028,952

409, 350325,995344,839237, 374243,002159,687634,702240, 752

81, 358179,48995, 278

(2)

(2)

246,189

22,130, 693

31, 453, 98840,165, 07038, 954, 96835, 906, 51538,153, 26353, 971, 36066,124, 30350,170,86148, 949, 55147, 087, 498

Tax

$58

3,024

4,165

2,143

3,266

3,631

3,712

3,636

3,342

3,0373,3013,8072,5532,7182,682

13, 3557,3563,395

11, 2027,319

(2)

(2)

17, 900

105, 602

178, 379390, 886321,516209, 667208,893192,460306, 097350, 312518, 688524, 653


Normaltax

$78

4,032

5,553

2,858

4,354

4,672

4,482

4,362

3,884

3,7213,5893,8272,7562, 4222,301

10,0404,2381,8475, 2311,993

(2)

3

76, 243

Surtax

$238451473629554

4,3273,5031,9837,0185,371

(2)

(2)

17, 305

41,852


netgain

(2)

$2,807

2,807

Tax credits


netincome

$20

1,008

1,388

715

1,088

1,041

770

726

542

684526471676333173

1,012385435

1,04745

(2)

(2)

102

13,187


netloss

(2)

$2,113

2,113





TENNESSEE

Net income classes


Under V (est.)Under 1 (est.)

1-2 (est.) __._2-3i (est.)2-3 (est.)3-4i (est.) _3-4 (est.)4-5 l (est.)4-5 (est.)5-6 !5-G6-7!. . .6-77-8i7-8 - .8-9 !8-99-1019-1010-1111-1212-13 ._13-14 .14-1515-2020-25 .25-3030-4040-5050-6060-70 .70-8080-9090-100100-150150-200.200-250250-300_.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 *.

Total.

Summary for pre-ceding years: s

19301929-__1928192719261925192419231922- _.1921

Num-ber of

returns

1,62274

4,9472,6003,7341,8394,5161,2451,2361,857

2261,083

10667371

47545

32041

2151961381141021082311076361261111

6

43

1

1

28,117

32,68234,66435,03933,81235,49534,68966,98169,08163,55560,949

Net income

$943, 76639,873

7, 584, 5014, 473, 0819, 200, 6944,391,565

15,658,2074,513,9515, 348, 6268, 301,8651,218,8205, 909,057

687,9284,351, 793

530,6833,545,850

377 5022, 708, 591

392, 6102, 039, 2222,046,8381, 581, 7731,425,8651, 382, 4631, 565, 7194, 001,1882,366, 4761, 732, 7652,087,4631,159,038

613,344724, 647371,448503, 283

466,451513,116

700, 775

1,790,645

107,251,482

140,422,521177,388,337190, 287,682173,162,605175, 714, 293168,198,127224,184,198226,033, 948190, 723,937170,969,895

Tax

$357

7,209

16,758

11,374

16, 738

19,115

19,266

18,713

17, 336

13,96814, 68213,38414,67217, 29520,32577, 08463,37573, 444

102, 28671,31451,90058,52737,98258,383

54, 73482, 766

105,589

355,033

1,413,609

1,955,2013,747,58?5,624,1124,035,5413,651,4573,125,6033,419,5354, 283,8054, 902,6123, 984,051


Normaltax

$476

9,612

22, 344

15,165

22,317

24, 980

24,454

23,421

21, 658

17, 459L7, 59314,25614, 88816,84819,148(31, 03437,61335, 32836,97718,11113,1909,5315,2407,824

3,7369,262

131

33, 215

535,811

Surtax

$8442,0162,8563,5565, 272

28, 20835,16342, 71775,11259, 63241,52557,15428,07851,584

43,34854,055

65,870

324,652

921,642


netgain

$19688

1,5165,656

14,61819,930

39,626

73

82,125

Tax credits


netincome

$119

2,403

5,586

3,791

5,579

5,865

5,188

4,708

4,322

3,4913,7552,8883,0723,1094,095

12,1589,4014,6019,0573,2812,309

743992

1,025

954481

37

772

103, 782


netloss

$7653,836

5068,931

6,014

2,135

22,187





TEXAS

Net income classes


Under 1 ! (est.)Under 1 (est.)

1-2 (est.) . . . _2-3i (est.)2-3 (est.)3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-6i5-66 - 7 ' .6-77-8 1. _ . __ _.7-88-9 i8-99-10 L_.9-1010-11 _- - -._11-1212-1313-1414-1515-20 . .20-2525-3030-4040-5050-6060-7070-8080-9090-100100-150 .150-200200-250250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,000 . ._4,000-5,0005,000 and overClasses grouped 2

Total.


1930192919281927192619251924192319221921 „

Num-ber of

returns

6,75045

15,1717,614

10, 8637,156

11, 3415,6382,7877,237

4784,514

1972,607

1401,590

1051,015

84698535344298251208587298157182101492822

720229

42

112

89,158

105, 058113, 555112, 273114, 534111,438109,448192, 735200, 683186,865200,188

Net income

$3,907,46213, 778

23,014, 82613, 224,88526,908, 70717, 273,89839,384,83520,166,90112,048,18232,448,773

2, 580,02224, 651, 348

1, 269, 66016, 793,055

1, 045, 64411, 836,929

886, 3898, 604,900

797, 3356, 611, 7705, 610, 2943,942,0823, 729, 6543, 383,0943,005, 621

10,103, 8106, 559, 2714, 328, 5736,114, 2554,480, 7982, 677, 8421, 799,9211, 658, 351

597, 3871,901,8602, 716,0781, 612, 236

1,138,201765,008

4, 079,832

333, 673,467

448,849,717592, 518,704580, 239,493560, 322, 568547, 562, 501496,820,449638,109, 285613,494,900545,901, 576536,897,427

Tax

$139

18,902

59, 249

63, 243

94, 516

108, 766

98, 541

89,179

77, 727

69, 63660, 51052,71358, 60857,12052, 601

233, 546216, 600198, 355328, 217331, 324212,016183,461183, 81271, 708

242, 578317, 629260, 689

204, 98795, 564

II592,423

4, 634, 359

8, 633,14612,866,95014,401,96812,909,84212,681,5199, 766,688

10, 235,80610,678,02214,119,65512,667,894


Normaltax

$185

25, 203

78,999

84, 324

126,021

141, 309

123, 602

109, 576

93,122

82, 34667,94655,15158, 22355, 51851,792

186, 208139, 548100,003135, 635114,84657, 57446, 35228, 60510, 05741,23112,48438,062

13, 908

. . . . . . . . . .

30,107

2,107, 937

Surtax

$2, 5344,8977,2628,787

10, 22269, 67095, 555

103, 886207,684218, 720134,433118,81199, 72162,125

189, 598204, 725177, 047

187, 473

i189,969

2,093,119


netgain

$8289,152

27, 93321, 69456, 540

17,640121,11647, 286

4,25495,626

372, 857

774,926

Tax credits


netincome

$46

6,301

19,750

21, 081

31, 505

32, 543

25,061

20, 397

15,395

12, 7109,9707,3356,8777,1859,413

22, 33218, 5035,5349,2855,7833,4963,174

640474

3,3291,3681,706

64862

(2)

(2)

29

301, 932


netloss

$6,6455,6114,428

222414

2,56219, 328

(2)

481

39, 691





UTAH

Net income classes


Under 1 i (est.). _Under 1 (est.)l-2i (est.)1-2 (est.)2-3 i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5i (est.)4-5 (est.)5-6 L5-6 . .6-7 i6-7.. .7-8i7-88-9i8-99-10 19-10.-10-1111-1212-13.. _ .13-1414-1515-2020-25. .25-30 . _ _30-4040-50..50-6060-7070-80..80-9090-100100-150150-200200-250250-300300-400400-500500-750 _750-1,0001,000-1,5001,500-2,000 .2,000-3,0003,000-4,0004,000-5,000 _.5,000 and overClasses grouped 2

Total


1930_192919281927---1926192519241923_.._1922 . - . .1921

Num-ber of

returns

1,12419

2,047758

1,467441

1,481291411451

91306

4519629

141168619536634362925701912132

11

2

9,785

11,77713,16313, 26213, 02913, 56816,10128, 68530, 24227, 32526,128

Net income

$769,1869,270

3,095, 0101, 299, 7543, 635,5761,038,1595,113, 6921,052,9461,807,0462,016,006

490, 7551, 660,048

287, 2401,269,939

216,1241,053,182

136,727728, 910180,199503,015688, 702389, 460448, 332390,961360,319

1, 204,153418, 686333, 567454,444140, 664112,729

(2)(2)

(2)

558,856

31,863, 657

45, 369,19959, 451, 69058,809, 29653, 628, 89753, 832,16961, 634, 95182, 088, 47779, 943, 30667, 744, 65362, 713, 461

Tax

$88

1,854

3,797

2,155

3,847

4,636

4,801

4,743

3,946

2,9574,4972,9243,3263,7644,510

17,44310,43110,94016,9538,2517,715

(2)(2)

(2)

72, 517

196,095

447,953881, 606

1, 095,839851,031628, 773660,497599,194725,908955, 929842,904


Normaltax

$117

2,472

5,063

2,873

5,130

6 054

6,084

5,978

4,986

3,8395,5003,2853,3063,7133,991

12, 8035,5343,6203,579

584

(a)

(2)

1,237

89, 748

Surtax

$286495845

1,0121,2028,4106,2138,553

14,4627,7887,717

(2)(2)

(2)

76, 297

133, 280


netgain

(2)

$3,023

3,023

Tax credits


netincome

$29

618

1,266

718

1,283

1,418

1,283

1,235

1,040

8821,289

856825961683

3,7701,3161,2331,088

1212

(2)

(2)

618

22, 534


netloss

(2)

(2)

$7, 422

7,422





VERMONT

Net income classes



1-2 (est.)2-3 1 (est.)2-3 (est.)3-41 (est.)3-4 (est.)4-5i (est.)4-5 (est.)5-6 15-66-71 .6-7 __7-8 !

7-88-9 !8-99-10 *9-1010-1111-1212-1313-1414-15 - .15-2020-2525-3030-4040-5050-6060-7070-8080-90 _.90-100100-150...150-200200-250250-300300-400400-500500-750 .750-1,0001,000-1,500.1,500-2,0002 000-3,0003,000-4,000..4 000-5 0005,000 and over-Classes grouped 2

Total


193019291928192719261925192419231922..

Num-ber of

returns

19617

1,296893

1,191645

1,13230342942068

32146

17523

1192294177366333235245827151542423

111

7,803

8,6359,5869,3948,2688,6469,559

20, 61821, 75217,90117, 746

Net income

$112, 26210, 275

2,154, 2571, 537, 7532,887, 0391, 522, 3614, 036, 2151, 081,1911,887,4951,881,015

366, 6871, 751, 622

295, 7681,127,934

171, 435888, 558186, 705797, 642159,920694,810690,444379, 656398,026472, 233347,929

1, 003,303601,311413,132508,968187,861103,943262,868

247,307

i

685,485

29,853,410

39, 259, 34149, 916, 32648, 086,17541, 842, 22142, 209, 08345, 857,16063, 630, 62064,800, 00951, 653, 36747, 561, 557

Tax

$80

2,337

5,565

3,045

3,958

6,341

4,728

4,684

4,756

4,5714,2862,6993,5774,7923,604

14, 20113,99513,61223,61513, 2117,662

21,364

6,444

(2)

91, 626

264,753

626,8741, 019,8631, 055, 740

846,932821, 296919,959978, 252

1, 332,8221,573,5551,155, 767


Normaltax

$107

3,116

7,420

4,060

5,277

8,142

5,875

5,821

5,816

5,8854,9022,5623,2484,5983,1899,4906,7685,3618,6174,5601,816

195

269

1,861

108,955

Surtax

$306499952

1,1921,1947,0089,196

10, 39118,38310,3966,492

20, 656

22, 624

Si

95, 590

204,879

12K Per-cent oncapital

netgain

$519

862

189

1,570

Tax credits


netincome

$27

779

1,855

1,015

1,319

1,801

1,147

1 137

1,060

1,314922362623998779

2,2971,9692,1401,995

571216

303

24,440


netloss

$1,3901,174

625

17,311

. . . . . . . . . .

5,711

26, 211





VIRGINIA

Net income classes



1-2 (est.)2-31 (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5 1 (est.). . . .4-5 (est.)5-6 15-66-7 l

6-77-8 17-88-9 i- ,8-99-1019-1010-1111-1212-1313-14 .

15-2020-2525-30. . .30-40 _40-5050-60-60-70-70-80 _80-9090-100 .100-150 _150-200-200-250 -250-300300-400400-500500-750 _.750-1,0001,090-1,5001,500-2,0002,000-3,000 „3,000-4,0004,000-5,0005,000 and over-

Total


19301929192819271926192519241923 . —19221921

Num-ber of

returns

1,93244

6,1473,6474,4662,8814,7801,4091,7512,174

3281,305

14885910451167

35462

27226616615111184

28614869752423896695

34,689

37, 91538, 63137, 61937, 39337, 79737,50771, 59777,45171, 52376, 257

Net income

$1,184, 20525, 664

9, 332, 7476, 332,156

11,037,8716, 897, 251

16, 528, 5735, 059, 8097, 650, 3689, 732, 3151, 776, 8777,120, 563

950, 5885, 547, 377

774, 3473,812, 004

566, 8553, 000, 396

589, 2062, 575, 2432, 781, 5981, 906, 5221,881, 7861,499, 3311, 213, 6914, 929, 9083, 293,1741, 857,8102, 548, 0861, 064, 2071, 246,441

517,871667, 075502, 626581,711

1,092, 928883, 994401,853

129, 365, 027

156, 272, 484179.293, 926181, 750, 013172, 239, 863176,024, 673170, 257,017231,055,514242, 586, 945207, 277, 342208, 331, 701

Tax

$223

9,931

25,624

13, 335

21,418

22, 744

22, 718

18, 934

16,425

17, 90319, 28617,38816, 73414, 76314,12880,65888, 01566, 622

120, 96762, 66192, 57650,31959, 78853,10673, 662

133, 282126, 36564,147

1, 323, 722

2,050, 5543,201,1044, 408,9833,611,1353 495 0422,981,4123,313,8963,669,2944, 919,4854,161,116


Normaltax

$297

13, 241

34,165

17, 780

28, 558

29,711

29, 038

23, 835

20, 548

22, 27122,80418, 76516,11013,86113, 20358,15852, 77028, 04536,10219, 94521, 24014,0496,7274,3289,840

10, 0967, 9931,196

574, 676

Surtax -

$1, 2402,4553,6243,8183,949

34, 79449,78544, 20889, 92353,18381, 26541, 35654,84851, 38366, 484

108, 502135, 09863, 690

889, 605


netgain

$3, 4842,789

287

5,201

32,136

43,897

Tax credits


netincome

$74

3,310

8,541

4,445

7,140

6,967

6,320

4,901

4,123

4,3684,7583,8323,0002,9163,024

12, 29414, 5405,6317,0353,1532,7981,3191,2032,5551,023

9591,024

739

121, 992


netloss

$1,50710,1037,4183,7675,785

501,639

16, 49315, 702:

62,464




TABLE 9.—Individual returns for 1931 by States and Territories and by net-incomeclasses, showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

WASHINGTON «

Net income classes


Under 11 (est.)...Under 1 (est.)

1-2 (est.)2-3i (est.)2-3 (est.)3-4 1 (est.)3-4 (est.)4-5i (est.)4-5 (est.)5-61. .5-66-716-77-8 17-88-918-99-101 _ __ _9-1010-1111-1212-1313-1414-1515-2020-2525-3030-40 _40-5050-60 _60-7070-8080-90 . .90-100100-150 _150-200200-250 .250-300300-400400-500500-750750-1,0001,000-1,5001,500-2,0002,000-3,0003 000-4 0004,000-5,000 .5,000 and overClasses grouped 2

Total


1930 _192919281927 _.1926... _1925—192419231922. _1921

Num-ber of

returns

3,73815

7,3626,0525,6074,5158,3722,8982,8803,725

2592,203

981,290

6876661

44532

2991951391338677

248734939236

1433

41

1

1

1

51, 781

63,12965, 24066,16762, 20061,95078,030

138,181136,057123, 216115, 593

Net income

$2,158,3109,229

11,400,01110,456,59313,619, 36010, 732,71929,899, 79110,365, 93912, 397,36116,634, 7991,404,683

12, 011, 593634,137

8, 341, 591508, 639

5, 716,844519, 538

3, 771,967302,383

2, 839,4362, 038,1781, 594,6351,654, 6471,156, 5971,116,0924, 229,2391,646,2471, 334,3731,351, 2371,029,151

318,766906,987221, 329

486,123

(2)

(2)

(2)

2,049,928

174,858, 452

238,857,983302,258,404273,648,593252, 547, 211245, 592,050272, 544,925393,961, 927351,985,059300, 523, 342261,400, 721

Tax

$64

14,850

37,893

30, 618

46,610

50,121

42, 226

36, 759

29,352

25,98118, 68518,47221,29817,04915, 74483,39846,61749,81567,95560,03522, 78297, 63418, 968

67, 740

(2)

(2)

(2)

317,378

1, 238, 044

2,750,1435, 775,3434,464,9302,913, 6422,800, 5482, 717,1023, 231, 2333, 925,8015,148,4774, 878, 295


Normaltax

$86

19,800

50, 524

40,824

62,147

65, 757

57, 810

46,050

35,976

32, 54121, 23820, 21421, 02316, 75813,77464, 92724,46319,81019,1468,9473,084

17,41936

5,506

3,027

670, 887

Surtax

$9122,0263,1352,9433,838

28,01825,41332,13849, 56753,89020,08148, 27820, 219

63, 864

(2)

(2)

307, 354

661, 676


netgain

$1,122

28632, 591

(2)

33,161

67,160

Tax credits


netincome

$22

4,950

12, 631

10, 206

15, 537

15,636

15,584

9,291

6,624

6,5603,4653,7682,8602,6521,8689,5473,2592,1331,7331,106

669651

9

169

( 2 )

630

131,560


netloss

$1471,696

31,278

1,461

(2)

25, 534

30,119




TABLE 9.—Individual returns for 1931 by States and Territories and by net incomeclasses, showing number of returns, net income, taxt tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued

WEST VIRGINIA

Net income classes


Under 1* (est.)Under 1 (est.)

1-2 (est.)2-3 i (est.)2-3 (est.)3-4 i (est.)3-4 (est.)4-5 i (est.)4-5 (est.)5-6 i5-66-7 i6-77-8 i7-88-9i.8-9.9-10 i9-1010-1111-1212-13. . .13-1414 1515-2020-2525-3030-4040-5050-6060-7070-8080-9090-100100-150150-200200-250250-300300-400 . .400-500500-750 _. .750-1,0001,000-1,5001,500-2,0002,000-3,0003,000-4,0004,000-5,0005,000 and overClasses grouped 2._

Total.


1930192919281927192619251924192319221921

Num-ber of

returns

1,18331

3,8842,7182,9291,5163,128

7541,3191,232

25372814748199

30359

22457

163146130779153

2038947466646114

22,118

27,13029,80330, 64332,50032, 54435,81075,03789, 26369, 50175, 277

Net income

$686,12713,122

6,005,9204,711,2767, 251,7693, 560, 518

10,903,8912, 741, 5285,775, 2265, 506, 8191, 371,1493, 971, 625

947,6063,107, 358

739,8962, 266, 743

496, 7481,900 535

541, 6931, 547,8251, 529, 5991,493, 402

961,6371, 226, 740

766, 7523, 475,6151, 988, 2121, 276, 4901, 600, 853

266,842324, 700252,876455, 745

667,107

80,333,944

110,726,146136, 768,017140,128, 751139, 696,175141, 396,917144, 777,469226, 999, 720260, 343, 202196, 777, 359207,157, 054

Tax

$82

6,970

13,410

6,412

10,976

11,636

12, 247

10,162

9,947

9,9087,833

11,0648,622

11,5878,198

48,17045, 78639, 93780, 26518,36520, 94419,37638,354

65,349

515, 600

1, 238, 7112,298,8752 920 8222, 519, 7312, 304, 3132,133, 5102, 796, 3103,875, 8644, 594,6534,579,113


Normaltax

$110

9,293

17,880

8,550

14, 635

15, 262

15, 526

12, 793

12, 373

12, 3829,183

11,6258,833

10,9307,190

33,83821, 94313,07324, 4185,653

6261,8265,146

7,370

280,458

Surtax

$6901,9591,9053,4472,555

23,73630,03031,19857, 54813,83620, 38016,31442, 795

69,273

315, 666


netgain

$1,916

9032,878

12,928

18, 625

Tax credits


netincome

$28

2,323

4,470

2,138

3,659

3,626

3,279

2,631

2,426

2,4742,0402,5202,1162,7901,5479,4046,1874,3342,6831,124

965498

1,305

747

65,314


netloss

$934

1,1448,282

23,475

33,835





WISCONSIN

Net income classes


Under l i (est.)Under 1 (est.)l-2i (est.)1-2 (est.)2 3i (est.)2-3 (est.)3 4i (est.)3 4 (est.)4-5i (est.)4-5 (est.)5 6 i5-6 _6-716 77-8 1 _7-88-918-99-1019-10 - -10-11 _11-1212-13 - - --13-1414-15 .15-20 ---20-2525-30 -30-4040-50 -50-6060-70 -70-8080 9090-100100-150 - - -150 200200-250 --- ---250 300300 400 - -400-500500 750750-1,0001 000-1,5001,500-2,0002,000-3,0003 000-4,000.

Num-ber of

returns

12,998223

20, 4088,068

12,1485,3308,0742,5852,1393,421

4002,310

1701,511

1241,004

8670365

50840131424117916147723811011759341712115

1565

Net income

$7,659,183116,158

30,112,10113, 866,49929,958,47012, 691,91027, 690,1749, 238,0929, 282, 60?

15, 369, 6692,167, 550

12, 642,1121,103, 2819, 756, 007

922,1087, 492, 418

733,6335, 952,092

618,1464, 818, 6754, 209, 1113, 609,1773,007,4742,409, 2272, 336, 2378,165, 4745, 274, 2852, 999, 7544,040, 5572, 637, 5261,841,8531,110, 240

910, 326926,995475, 286

1, 743,9101,002,7681.164.017

1 m1

2

(2)

GO

4,000-5,000.5 000 and over _ !Classes grouped 2._-

T o t a l .

Summary for pre-ceding years : 3

1930192919281927192619251924192319221921

84, 681

95, 366103, 04498,485

100,95699, 251

110, 485179,275194,050160, 519148,457

Tax

$984

20, 638

49, 260

27, 637

35, 294

41, 429

42, 809

40, 602

36,113

34, 45233,10931, 86631,81326, 21929, 270

139,860138, 605111,838188, 306141, 522109, 99385, 48171, 546

101, 23539, 068

198,948150, 388190,878

GO

1,932,911

251,988,008

357,657, 240450, 934,107453, 394, 323436,579, 613407, 642, 742418, 618,008496,659, 728547,039, 928401, 670,058379,754,222

289, 311

2, 438, 474

5, 892, 63810, 287,02012, 459,31810, 621, 7458,418, 0476,799,3127, 344,0539,019,0769,126,8558, 971,044


Normaltax

$1,312

27, 517

65, 68C

36,848

47, 059

54,153

54, 384

50, 438

44, 720

43, 06138, 54133, 80132, 61825, 23828,139

109, 22680, 60251, 70073,00639,41322, 99515, 5068, 851

13, 492499

17,8387,010

16, 707

(2)

3,256

1, 043,611

Surtax


netgain

1

$1, 9474,6995,9836,0898,084

55, 72679, 50773, 869

148, 595134, 345115,85583,97177,49070, 88353, 604

205, 542126, 663173,310

(2)

242,158

1,668,320

$1,0421,2281,8936,1667,263

29, 002

11, 83518,66311,121

(2)

Tax credits


netincome

$328

6,879

16, 420

9,21

11,76

12, 724

11,575

9,836

8,607

8,6097,3796,6346,7885,1086,953

25,09221, 50413,73119, 2647,1325,8733,2041,3812,421

4482,235

630624

(2)

1

69, 415

157, 628

1,005

233,361


netloss

$15,07326,33224, 87716,95820, 6779,721

14, 58734,032

1,3189,636

(2)

24,513

197, 724


177160—34 9



TABLE 9.—Individual returns for 1931 by Stales and Territories and by net incomeclasses showing number of returns, net income, tax, tax before tax credits, and taxcredits; also total number, net income, and tax for prior years—Continued.

WYOMING

Net income classes


Under l i (est.)Under 1 (est.) . . . .

1-2 (est.)..2-31 (est.)2-3 (est.)3-4i (est.)...3-4 (est.)4-5 1 (est.).C-5 (est.)5-6 !5-66-7 !6-77-817-88-9 l

8-99-10 1t)-io10-11Ll-1212-1313-1414-1515-2020-2525-3030-4040-50 .50-6060-7070-8080-9090-100100-150150-200200-250250-300 .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 overClasses grouped *__

Total


1930192919281927192619251924192319221921

Num-ber of

returns

40620

967811793590809227278332

3918813

1231583

461

3721181010g

1611

5,89

6,808,148, 628,878f93

10,3322,9423,2421,9422,41

Net income

$224,7069,556

1, 522, 6011, 400,6981 939 3591,371,1132,837,101

822, 6131, 213, 3841, 483, 266

214, 5511,034,128

83, 623792,100113,959616, 098

59, 737390, 725

(2)351, 764219, 509206, 673123, 854134, 568131, 268277, 036239,543195, 227

167, 792

18,176, 55[

22, 979, 51'30,813,01*33, 233, 24<31, 297, 69*31,750,5833,481,51*60, 751, 85,57, 376, 05'48,826, 7451,051,62

Tax

$92

2,177

5,197

1,892

3,063

3,262

3,844

2,978

2,610

2,7861,7332,2441,4511,6251,7815,0886,3037,810

9,41

65,34

r 141,44I 188,96) 372,12* 274,64I 263,31I 256,48* 414,081 520,76I 687,063 783,25


formaltax

$122«

2,903

6,929

2,523

4,084

4,159

4,697

3,671

3,062

3,1801,9082 1271^4121,4641,6213,9473,1503,482

3,98

58, 42*=

Surtax

$91433238347465

1,9533, 4495,034

7,03

19,04


netgain

Tax credits


netincome

$30

726

1,732

631

1,021

897

853

12>£ per-cent oncapitalnet loss

6931

452!

394266316199186305812296706

9oe

11,421

(2)

$705

705

f"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. 198-203.* Includes Alaska.



TABLE 10.—Individual returns for 1931 on Form 10J+0 with no net income, by Stalesand Territories, showing number of returns and deficit

States andTerritories

AlabamaArizonaArkansasCaliforniaColoradoConnecticut. _.DelawareDist. ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisiana

Num-ber of

returns

1,388663

1,19518,6111,8773, 477437820

2,3451,704300409

13, 6592,7501,6452, 9351,6421,912

Deficit(in thou-sands)

4,4036, 219

154.44512, 40441,6126,42410, 84919, 78312, 3191,9191, 866

159,45617,1469, 76311,53514, 38612,011


! M,Num-! ber of

Deficit(in thou-

returns j sands)

MaineMarylandMassachusetts-MichiganMinnesotaMississippi |Missouri jMontana iNebraska iNevada INew Hampshire,New JerseyNew Mexico.--New York jNorth Carolina)North Dakota.Ohio jOklahoma |

2,3438,5147,1562 1721^7393,615

2851,822

186582

6,164600

35, 57$1,751

7727,9203,103

$5, 62530,07893,05462, 50314, 3148,930

34, 2222,0378, 6931,2554,558

67,9892, 660

646, 56110, 2791,793

73, 60020, 603


OregonPennsylvania-Rhode Island-South CarolinaSouth Dakota .TennesseeTexasUtahVermontVirginiaWashington1..West Virginia.WisconsinWyoming

Num-ber of

returns

14,945895829776

1,5608,934

601255

1, 5533,3821,1935,311

485

Deficit(in thou-sands)

Total—Jl84,583 1,936,878

$6, 499183, 28810, 2303,8972,0019,49760, 4523,3112, 0909,90217,4178,53925, 6301, 822

1 Includes Alaska.

TABLE 11.—Individual returns for 1931 on Form 104-0 ivith no net income, by deficitclasses, shoiving sources of income and deductions, and deficit

(Money figures and deficit classes in thousands of dollars)[For text denning items and describing methods of tabulating and estimating data, see pp. 1-4]

Deficit classes

Under 55-1010-2525-5050-100100-150150-300 - . . . .300-500500-1,0001,000 and over

Total

Deficit classes

Under 55-101Q-2525-5050-100 __100-150150-300300-500500-1,0001,000 and over

Total

Sources of income

Wagesand sal-

aries

122, 74648, 05859, 42333, 24820, 6528,3707,6243,3351,1301,097

305, 684

Business

37, 28411, 27713, 4585,5913, 261

8281,204

25824

1

73,186

Sources of income

Interestand otherincome

65, 63827,17338, 52524,94418, 4807,394

10, 2676,6193,5813,681

206, 302

Total in-come

425,068173,852241, 391161, 430114, 45449, 03559,06033, 59519, 46922, 397

1, 299, 750

Partner-ship •

16, 7327,229

11,0216,3413,489

8931,344

383155167

47, 754

Profitfrom sale

of realestate,stocks,bonds,

etc.2

9.4353! 7495, 3773, 6022,3501,0781.3491. 322

867443

20, 573

Rentsand roy-

alties

61, 78317, 56517, 9969,5935,1161,5732,139

617376302

117,059


tions notwhollyexempt

1,530799

1,085484454123174180143167

5,138

Divi-dends onstock of

domesticcor].••ora-

tions

102, 20654, 24988, 55772, 93357, 81727, 99032, 63020,43712, 62816, 168

485, 616

Deductions

Net lossfrom sale

of realestate,stocks,

etc.2

293, 259158, 258319,964277,090249, 021121, 505173, 558

88, 79763, 53973, 734

1, 818, 724

Net lossfrom bus-iness andpartner-

ship

146,16783,466

102,41265, 35155, 35428,01936, 28225, 60420. 12427. 344

590. 123

Contri-butions

14, 2312,5493, 2822,2271,509

59176228814149

25, 629

All other

171,475104, 033137, 245103, 367

85, 27735, 37953,99933,21328, 39349, 770

802,152

Total

625,133348, 306562,904448,035391,160185, 493264, 601147, 902112,198150,897

3, 236, 628

Fiduci-ary 1

7, 7143, 7525, 9514,6942,834

7842, 330

444564371

29, 438

Deficit

200,065174, 454321,513286, 605276, 707136,458205, 541114,30792, 729

128, 500

1, 936,878

3 For explanation of item, see p. 9.2 Includes amounts from sale of capital assets held more than 2 years.


BASIC TABLES

CORPORATION RETURNS

127



TABLE 12.—Corporation returns for 1931 by States and Territories, showing fordeductions, net income or deficit, net loss for prior year, income

[Money figures in

[For text defining certain items and

States and TerritoriesTotal

numberof re-turns


Number Gross in-come i

Deduc-tions i

Net in-come

Net lossfor prior

year

AlabamaAlaskaArizonaArkansasCaliforniaColoradoC onnecticutDelawareDistrict of Columbia,FloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandM assachusettsM ichiganMinnesotaM ississippiM issoui iMontanaNebraskaNevadaNew HampshireNew J ei seyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode Island

i South CarolinaSouth DakotaTennessee

, TexasI Utah

VermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Grand total

1811,8932,47123, 7387,2058,0741,9662,34311,0285,567669

2,50932, 2G011,9899,3505, 2905, 470G. 5973. 8845, 84119, 67815,28711,4032, 58516, 7673,2014, 860997

1,34522, 9671,172

110,8516, 2193,548

25, 4626.5586, 88026,4483, 1273, 6103,1325,31215,2253,1351,1697,07113, 0914,95316,3111,416

516, 404

1,38071

506899

7,4652,3593,155674

1,0673,0641,980295685

10, 4894,3953,5272,1112,1582,4151,5352,2556,7274,5624,364782

5, 7231,0992,071301587

8,449375

39, 2711,819

8268,3181,7171,9108,4521,217980

1,0931,8325,216977420

2,7303,9161,9005,199580

175,898

134, 2444,368

48, 83469, 487

2, 441, 374284, 298851, 783679, 062283,554229, 590316,56946, 36056, 223

5, 651, 020696, 537548, 375460, 740267, 715419, 649210, 292

1,529,2212,581,4512,776.8801, 063, 009

83, 0991,462,835

78, 928303.124358, 24873, 756

1, 745, 27129, 711

15,113, 394673, 04644, 313

2, 910, 398205, 067220,112

3, 227, 380265, 321114,66855, 099362, 762816, 758100, 56451,468631. 485357, 660228,123859, 40627, 804

52,051,035

128,1954,03546, 31265, 542

2, 251, 225265, 856792, 972602, 864261,178216, 783297, 94641, 80853, 404

5, 387, 407646.175522, 866428, 301248, 749396, 414196, 937

1,452,5992, 410, 4682, 537, 7411, 005,698

79, 6141, 361, 520

75, 642290, 476351,409

69, 5901, 588, 142

28, 46413, 896, 756

602, 45342, 661

2, 740, 020184,156211.176

2, 97S, 149247,137108, 584

52, 858339, 793770, 777

95, 50849, 535

554, 739340,052211,677809, 201

26,103

6,049333

2,5223,946

190,14918, 44258, 81076,19822, 37612, 80618, 6244,5522,819

263, 61450, 36225, 50932, 43918, 96523, 23413, 35576, 622

170, 983239,140

57, 3113,485

101, 3153,286

12, 6486,8404,166

157,1291,247

1, 216, 63771,193

1,651170, 37820,911

8,936249, 231

18,1846,0842, 241

22, 96945,981

5, 0561,933

76, 74617, 60816, 44550, 205

1,701

86550

250306

7,835569

1,258847603

1,5622,122

13396

10,1213,5641,1481,222

7052,127

3901,6435,0287,1612,456

3203,109

162796104315

5, 552133

43, 4101,062

1348,109

965457

9,136678604

521,7492,993

23540

7821,254

4731,232

48, 367, 661 3, 683, 368 136, 005

i Gross income and deductions correspond to total income and total deductions, as reported on the face ofthe return, plus the cost of goods sold.



returns with net income and no net income, number of returns, gross income,tax and dividends paid; also number of inactive corporationsthousands of dollars]

describing returns included, see pp. 1-4]

Returnsshowingnet in-come—Con-

tinued

Incometax

41218

194303

20,7141,7866, 3988,9392,419

9091, 664

477225

28, 5204,8882,3613, 4351,8432,1501, 3048,736

18,98527,123

5, 991267

10,872251

1,087754362

16,81368

135, 4028,148

9418, 2232,171

76827,371

1,887539118

2, 2744, 311

426155

8,6621,3971,5865,100

91

398, 994


Num-ber

2,37086

8071,415

13, 5693,3554,4251,0331,0815,0733,308

3461,031

18, 9206,2364,1192,7142,7653,4401,8062,932

11,9489,1245, 4271, 4619,1071,7292, 355

410687

12,515558

62, 6393,8031,735

15, 4574, 0543,467

15,1831, 6552, 2441,3613,0078,5821,516

6933,6616,3882,5089, 087

634

283, 806

Gross in-come i

244, 8013,488

56,072144,318

2,390, 597366,998902,377813,073253,735263,357356,912

52,94265,211

6, 825, 575730, 309408,076281, 443433,143480, 865270, 579719, 472

2,410,1702,036, 296

951,175111,822

1, 573, 32468, 003

204, 89419, 49080, 675

1, 794,18929,180

16,194, 996381,167

53, 6233, 071, 048

591,717311, 467

5, 010, 370373,103196,58960, 017

389,1761,098,435

139, 22972, 214

375,118592, 111277, 974904, 477

28, 814

55, 461, 204

Deduc-tions i

274, 6464,050

71,043160, 244

2,786,312407, 800

1,006, 704906,481279,482340, 927401,021

62,17077,927

7,468,416826,116455, 503334, 088473,385540, 840307, 479821, 285

2, 747,3732, 336,1411, 056, 777

126, 9271, 759,191

85, 492226, 000

24, 26889, 408

2, 235, 66633, 267

18,113, 455421, 274

60,1593, 462,100

711, 596355, 446

5, 487, 022428, 470215,008

65, 039434,427

1, 251, 413157, 27680,007

425,987675, 434316,924

1,013, 96433, 688

62, 435,117

Deficit

29,845562

14,97015,926

395,71640, 802

104, 32793,40825, 74777, 57144,1099,228

12, 716642, 84295, 80747, 42752, 64540, 24259,97536, 900

101, 813337, 204299, 845105, 601

15,105185,867

17,48921,1064, 7778, 733

441,4774, 088

1,918,45940,107

6, 536391,052119, 87943,979

476, 65255, 36718,4195, 022

45, 252152, 978

18, 0467,792

50, 87083, 32338, 950

109, 4874,874

6,970,913

Re-turnsshow-ing noincomedata—

inactive

corpo-rations

Num-ber

54924

580157

2,7041,491

494259195

2,891279

28793

2,8511,3581,704

465547742543654

1,0031, 6011,612

3421,937

373434286

712, 003

2398,941

597987

1,687787

1, 5032,813

255386678473

1,42764256

6802,787

5452,045

202

56, 700

Dividends—re-turns showing

net income

Cash

5,055165

2,3243,834

227,21127, 68756,998

166,13411,1908,841

13,4064,4202, 575

366, 38532,90121,85045, 82017, 61619, 69319,15844,270

162,420238, 370

57,0372, 826

83, 6422,859

12,1185,3803,248

125, 682874

1, 340, 77150, 568

2,264144, 64315, 9575,870

303, 34915,1033,1821,236

16,05049,505

6, 7461,767

53, 59013, 52913, 20041,382

1,177

3, 871,880

Stock

239

2049

3,381185318

4,922109430

1,1312,134

217,7582,657

515187293907

1,588540

1,8642,449

855447

2,29653

434658241

2,7426

22, 706204

721,422

254289

7, 805358

44130441

1,11050

2,111297487659

18

77, 887

Dividends—re-turns showing

no net in-come

Cash

7,30774

1,9351,352

93,1495,696

35,315139,477

5,0624,274

11,1104,152

640252, 707

13,3956,5705,572

16,1968,6264,153

25,12842, 59593,92541,891

1,24334,441

1,0582,714

3231, 661

96, 610676

866,1658,707

38886,95614, 7285, 7S8

234, 4497,7302, 626

6087,141

30, 9423, 5231, 338

12, 25813, 4966,901

15, 882553

2, 279, 203

Stock

87

4145

1,228197134505

50587545

2055

3,840855629191145413

1,61126

2,6933,186

63779

33,09428

9713414

1,27254

20, 572391

203,532

52917

2,567106

4823

1,04295010112

525453714703

13

85, 644

123456789

101112131415161718192021222324252627282930313233343536373839404142434445464748495051



TABLE 13.—Corporation returns for 1931 by major industrial groups, showingor deficit, tax, net profit after

[Thousands


PART 1. ALL

Receipts, taxable income:Gross sales L._ _Gross profit other than tabulated as gross sales._InterestRents_Profit, sale of capital assets _.Miscellaneous receipts _._

Receipts, tax-exempt income:Dividends from domestic corporations.. _._Interest on tax-exempt obligations 2

Total compiled receipts 3

Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income taxBad debtsDepreciation .__DepletionLoss, sale of capital assets _Miscellaneous deductions


Compiled net profit or deficit (9 less 19).. _ _Statutory net income less statutory deficit.Net loss for prior year. _Income taxCompiled net profit less income tax (20 less 23)Cash dividends paidStock dividends paid

Industrial groups

Aggregate

75,494,31121,944, 7984,122,1182, 250, 568

298, 6361, 435, 578

1,969, 229541,713

108,056,952

.58, 773, 7732, 697, 9044,491,8852, 230,7311,182,6594,002, 508

267, 7261, 702, 283

33, 484, 086

108,833, 555

6 776, 6036 3, 287, 545

136, 005398, 994

« 1,175, 5966,151,083

163,530

Agricul-ture andrelated

industries

329,950121,104

8,03110,5973,977

13, 029

5,278759

492, 724

257, 38819, 98226,96021,1266,029

34, 2475,2949,777

190, 660

571,462

e 78,738e 84, 775

1,3801,201

6 79, 93925, 694

1,941

Miningand quar-

rying

1,981,517107,97424, 35324,81018, 64237,152

34,8417,921

2, 237, 212

1, 488, 70944, 97686,01973,92614,227

194,262108, 38130, 688

408,071

2,449, 258

6 212,0466 254,809

6,2517,211

6 219, 258173,315

4,980

Manufac-turing

Total man-ufacturing

41,977, 543632, 279318,835151, 56463,538

497,873

391, 65875,186

44,108,477

32, 076, 377935, 348606, 659565, 837315,137

1, 726,424120, 200266, 541

7,852, 079

44,464, 603

e 356,1266 822,970

49,955165, 311

6 521,4372, 285, 635

42,068

For footnotes, supp. 140-141.


STATISTICS OF INCOME 131compiled receipts and statutory deductions; net profit or deficit, statutory net incomededucting tax, and dividends paid

of dollars]

describing returns included see pp. 1-4]

RETURNS

Industrial groups—Continued

Manufacturing—Continued

Food products,includingbeverages

9,168,62442,95031, 38820, 246

7,72252,148

31, 5806,243

9, 360, 902

7, 260,921116,35483,09068, 07936,417

206, 9011,921

45,0781, 380,885

9,199, 647

161, 255123,43211,63236, 823

124,432299, 214

6,210

Tobaccoproducts

1,163,7063,1494,250

845163

4,333

7,390878

1,184,714

865, 26010,4166,2059,1632,0448,186

560137, 726

1,039,559

145,155136, 887

11217,066

128,090107,038

28

Textiles andtheir prod-

ucts

5,193,17725, 73317, 99717,2282,245

37, 285

7,4195,032

5,306,117

4, 386, 395162, 34347, 55547, 23844,413

147,833150

32, 390690, 055

5, 558, 372

6 252, 2556 264, 707

10, 2097,351

6 259, 607105,137

4,292

Leather andits manufac-

tures

1, 088, 8243,0923,7702,635

8109,730

997619

1,110,476

912,10628,184

7, 3277, 607

12, 58716, 384

213,433

155,859

1,143, 507

e 33, 0316 34, 646

1,2913,340

e 36, 37128, 524

614

Rubberproducts

784,7586,0348,7033,833

1478,173

4,984452

817,084

578, 8928,783

20,3197,8609,815

39, 65469

2,621167, 785

835,798

6 18, 7156 24,150

2,3911,371

e 20,08626,877

38

Forestproducts

1,284, 66012,89912,5418,6826,504

17,492

5,0621,359

1, 349,199

1,076, 94552,11035,17130, 30121, 59558,69421, 8966,980

223, 260

1, 526,951

6 177,7526 184,172

1,5371,379

e 179,13135, 2411,678

Paper, pulp,and products

1,216,8244,203

21,7773,0881,217

15,471

9,4891,580

1, 273,649

924,30833,46339,69219,4555,996

65,8091,6394,105

184,416

1, 278,883

6 5, 2346 16, 304

9674,239

e 9,47346, 0473,413

123456

78

9

101112131415Ifi1718

19

20212223242526




[Thousands

PART 1. ALL


Manufacturing— C ontinued

Printing,publishing,and alliedindustries

Chemicalsand alliedproducts

Stone, clay,and glassproducts

Metal andits

products

Receipts, taxable income:Gross sales * _Gross profit other than tabulated as gross sales.Interest _ __Rents. _Profit, sale of capital assets _Miscellaneous receipts

Receipts, tax-exempt income:Dividends from domestic corporations. _.Interest on tax-exempt obligations 2


Statutory deductions:Cost of goods sold.Compensation of officers. _.Interest paidTaxes paid other than income taxBad debtsDepreciationDepletionLoss, sale of capital assets _Miscellaneous-deductions _


Compiled net profit or deficit (9 less 19)Statutory net income less statutory deficitNet loss for prior year._Income taxCompiled net profit less income tax (20 less 23)Cash dividends paidStock dividends paid

2,145,18068,17910, 45222, 0612,60620,457

16, 5283,594

6, 612, 865288,31686,43628, 50213, 97685, 264

209,01315, 092

1,009, 2034,1346,1993,7661,269

11, 904

4,9522,072

10,906, 545163, 740101, 54234,43225,029

208, 725

73, 98436, 759

2, 289, 058 7, 339,464 1, 043,499 11, 550, 756

1, 485, 815109, 54832, 30521,96026,16168, 647

9215, 242

471,174

4, 503, 86681, 009146,967148, 38939, 628444,39683,80020, 257

1,714,418

715, 63134, 79918, 01614, 8629,97675, 3851,8415,648

197,804

8, 367, 475236,446148,450175, 78087, 201544, 4138,565

110, 6672,166, 748

2, 230, 943 7,182, 731 1,073,962 11,845,743

58,11637, 9932,42112, 89545, 221111,664

3,745

156, 734e 67, 371

4,77429, 409

127, 325668,571

6,638

« 30,463e 37,487

1,7104,614

6 35,07859,125

376

e 294,987e 405, 730

10,64640, 624

6 335, 611724, 740

13,868

For footnotes, see pp. 140-141.



compiled receipts and statutory deductions; net profit or deficit, statutory net incomededucting tax, and dividends paid—Continuedof dollars]

RETURNS—Continued


Manufactur-ing—Cont'd

Manufacturingnot elsewhere

classified

1,403,1779,851

13, 7806,2451,850

26, 892

20, 2591,506

1,483, 559

998,76361,89521, 56215,14419,30550,122

20619, 560

361,950

1, 548, 506

6 64, 948e 86, 713

2,2656,201

6 71,14973, 457

1,169

Construction

1, 700,874445, 703

19, 95819,0084,412

24, 589

21, 0084,021

2, 239, 573

1,400, 802129, 62935,19614, 22420,18369, 273

57024, 045

550, 970

2, 244, 892

6 5, 3196 30, 348

8,9997,625

6 12,94463,0736,298

Transporta-tion and

other publicutilities

12,157,479298, 870167, 318

18, 687128,559

614,88433, 077

13,418,874

96, 3651, 626, 404

733, 77147, 767

1,123,17922, 89682,171

8, 740, 973

12,473, 526

945,348297,386

10, 787105, 585839,763

1, 796, 51616,194

Trade

29, 504, 427366,314120, 253144,54140, 481

370, 089

47, 34112,108

30, 605, 553

23, 550, 497775,307217,846206,145264,199312,593

6,342140, 095

5,638,478

31,111,501

e 505,9486 565, 397

19,18045, 708

6 551,656433,326

16, 514

Service—Professional,amusements,

hotels, etc.

3, 394, 38938, 774

131, 8697,686

64, 483

42, 0231, 578

3, 680, 803

192,165135, 76281, 34026, 348

190, 609615

49,6773, 084, 049

3, 760, 565

6 79,7626 123, 364

6,94711,081

6 90,843115,720

10,485

Finance-Banking, in-surance, realestate, stock

and bondbrokers, etc.

4 4, 689, 8283,291,1141, 600, 201

140,857298,575

809, 250406, 965

11, 236, 791

500, 7241,755,373

533,438487, 296350, 807

3,4221, 088,499

s 6,987, 358

5 11, 706, 917

6 470,1266 1,686,341

32,42555,166

6 525, 2921,255,744

64,958

business not

29, 7291,931

659355

1,228

2, 94698

36, 946

3,4081,665

9241,4731,114

710, 79131,446

50,830

6 13,8846 16,928

82105

6 13,9892,060

91

23456

78

9

101112131415161718

19

20212223242/526




[Thousands

PART 2. RETURNS SHOWING

Receipts, taxable income:Gross sales l

Gross profit other than tabulated as gross salesInterestRentsProfit, sale of capital assetsMiscellaneous receipts

Receipts, tax-exempt income:Dividends from domestic corporationsInterest on tax-exempt obligations 2


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


Compiled net profit (9 less 19)Statutory net incomeNet loss for prior yearIncome taxCompiled net profit less income tax (20 less 23)Cash dividends paidStock dividends paid

Industrial groups

Aggregate

37, 340, 8609,945,5902,051,5251, 025,823157,437677, 212

852, 588215,978

52, 267,013

27, 660, 9641,157,1321, 498, 621913,168342,643

1, 745, 74577, 593153,777

13, 965, 436

47, 515,080

4, 751, 9343,683, 368136,005398, 994

4,352,9403, 871,880

77, 887

Agricul-ture andrelatedindus-tries

104,72794,2082,8174,3111,9266,318

789105

215, 202

68,5025,7832,9996,6822,09315,0781,335253

97, 581

200,305

14, 89714,0021,3801,20113,69619,830

59

Miningand

quarry-ing

649,97738, 6507,0507,1848,01512,853

8,9922,322

735,041

441,14915,08914,10322,0253,229

40, 75234,9491,29179,987

652, 574

82, 46871,1546,2517,21175,25781, 7854,085

Manufac-turing

Totalmanufac-

turing

20,117,370170,156133, 38761, 76818,816263,188

209, 72537,147

21, 011, 555

14,127, 785414,008179,982198, 603108,080638,18829,12643, 810

3, 560,482

19, 300,065

1,711,4911,464,619

49, 955165, 311

1, 546,1791, 499, 263

30,151




compiled receipts and statutory deductions; net profit or deficit, statutory net incomededucting tax, and dividends paid—Continued

of dollars]

N E T INCOME

|

Food prod-ucts, includ-ing beverages

! 5, 258,968I 22,494

14, 902! 9,540

6,43733, 066

I 20 ,546| 5,047

| 5,371,001

3, 833, 645; 74,247> 28,928

38,15719, 207

127, 3071 1,651

10, 972884, 383

| 5, 018,498

I 352,503326, 910

! 11,632• 36,823

315, 680269, 851

5, 104

Tobaccoproducts

1, 072, 2001,0452,914

593140

2,310

7,121855

1,087, 177

793,0158,2505,1987, 6751,5375,744

475114,813

936, 707

150, 470142,494

11217,066

133, 40498, 705

28



Textilesand theirproducts

2,095, 95210,1686,4934,047

72513, 073

1,7242, 704

2, 134, 886

1, 662, 75865, 8969,413

13, 62712,87656, 047

382,977

228,998

2,052, 629

82, 25777, 83010, 2097,351

74, 90662, 4612, 739

Leather andits manufac-

tures

538, 033754

1,777485154

4, 020

165363

545, 752

426, 35711,5371, 435

, 2, 6354,8766,874

48860, 929

515,132

30, 61930, 0911,2913, 340

27, 27923, 033

411

Rubberproducts

384, 7821, 2666,2702,837

294,452

1,679104

401,419

287,9553, 3309,4062,9662,980

15,89158

28462, 763

385, 632

15, 78714, 0042, 3911,371

14,41618, 760

23

Forestproducts

321,3332,2992, 0981,3421, 8802,818

1,173343

333, 285

241, 38412,8113,1594,0734,4559,8682, 232

44138, 380

316, 803

16,48114, 9661,5371,379

15,10214,192

2G2

Paper, pulp,and products

G21.456908

2, 4981,011

3714,460

2,2221,333

634, 2C0

444,15117,5115,9347,7862,422

29, 755806989

83, 878

593, 232

41,02737,472

9674,239

36, 78932, 759

1,405

1?3456

7c

9

10111213141516

18

19

20212223242526




[Thousands

PART 2. RETURNS SHOWING


Manufacturing —Continued



Stone,clay, and

glassproducts

Metaland its

products


Gross profit other than tabulated as gross sales.InterestRentsProfit, sale of capital assets. __Miscellaneous receipts



1, 225, 45325, 3456,2138,8631,804

12, 276

5,3313,032

1,288,317

3,140, 53824,89942, 62814, 5722,73133,191

112, 8377,837

467, 2811,7313,2211,419

6046,608

2,5091,235

3, 379, 232 484, 608

Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income tax.Bad debtsDepreciationDepletionLoss, sale of capital assetsMiscellaneous deductions

788, 48257, 62211,34014,67711,96235,157

294,242

240, 647

1,862, 76847, 64750, 85351, 90516, 322

141,17321, 9309,276

805,191

305,47112, 4154,0625,2044,026

27,438641

2,11977,804

Total statutory deductions.. 1,164,159 3, 007, 065 439,181

Compiled net profit (9 less 19)Statutory net incomeNet loss for prior yearIncome taxCompiled net profit less income tax (20 less 23).Cash dividends paidStock dividends paid

124,158115,795

2,42112, 895

111,26494,4803,318

372,167251,493

4,77429,409

342, 758389,350

6,223

45,42741,6831,7104,614

40,81336,982

242

4, 350, 29273, 60537, 25615,1492,922

134, 710

38, 25713, 420

4, 665, 611

3,074,03178,05444, 29043, 93222, 716

163,4741,667

10,148820, 401

4, 258, 713

355, 22110,64640,624

366, 275397,372

9,810



STATISTICS OF INCOME 137compiled receipts and statutory deductions; net profit or deficit, statutory net incomededucting tax, and dividends paid—Continued

of dollars]

N E T INCOME—Continued


Manufactur-ing—Contd.

Manufactur-ing not else-where classi-

fied

641 0825,6437,1171,9101,019

12, 205

16,161872

686, 008

407, 76724, 6885,9645,9664,702

19,46075

1,399142, 294

612,313

73, 69556, 6612,2656,201

67, 49461, 319

584

Construction

872 033308, 397

6,2015,2842,871

12, 818

5,6312,334

1,215,568

703 58460,1798,5995,4336,631

35, 298306

6,146300, 728

1,126, 904

88, 66480, 6998,9997,625

81,04036, 3974,672

Transporta-tion and


6,027, 512186,48796,98612, 36171,832

405, 77319, 886

6, 820, 837

53,835645,443363, 59225,190

675,2729,127

23, 8663, 696, 219

5,492, 543

1, 328, 294902, 635

10, 787105, 585

1, 222, 7091, 343, 503

3,223

Trade

15, 596, 754175, 20854, 57554,11832,889

172, 726

23,1328,494

16,117,896

12, 319, 945303, 673

69, 58487, 03586, 225

144, 3971,074

11,1992, 603,103

15, 626, 235

491,661460,035

19,18045, 708

445, 953311,389

9,818

Service-professional,amusements,

hotels, etc.

1,591, 22524, 20437,0814,753

21, 780

19,833893

1, 699, 770

98,45833,17826, 0579,428

63, 808241

13,4151, 316, 534

1, 561,119

138,651117, 925

6,94711, 081

127, 57077, 8079,852

Finance-banking,

insurance,real estate,stock and

bond brokers,etc.

4 1,530,1551, 635, 849

758,82075, 594

115,189

178, 244144, 789

4,438, 641

204,960544, 521203, 534101, 674132, 751

1,43553, 755

5 2, 302,476

s 3, 545,106

893 535570, 502

32, 42555,166

838, 369500, 815

16, 017

Nature ofbusiness

not given

10,080955272211507

4699

12, 503

1,14721320692

202

438,327

10, 229

2,2741,796

82105

2,1681,092

11

12;j

456

78

9

101112131415161718

19

20212223242526




[Thousands

PART 3. RETURNS

Industrial groups

Aggregate

38,153, 45111,999,2092, 070, 5931, 224, 745

141,199758, 366

1,116, 641325, 735

55, 789, 939

31,112,8081, 540, 7722, 993, 2641,317,563

840, 0162, 256, 763

190,1331, 548, 507

19, 518, 649

61,318,475

5, 528, 5366, 970, 9132, 279, 203

85, 644

Agricul-ture andrelatedindus-tries

225, 22226,8965,2146,2862,0516,711

4,489654

277, 522

188, 88714,19923, 96114,4433,936

19,1693,9599,524

93, 079

371,157

93, 63598, 7785,8651,882

Miningand

quarrying

1,331, 54069, 32417, 30317, 62710, 62724, 300

25, 8495,599

1,502,170

1, 047, 56029,88871, 91551,90110, 998

153, 50973, 43229, 397

328, 084

1, 796, 684

294, 514325, 963

91, 530896

Manufac-turing

Totalmanufac-

turing

21,860,173462,124185, 44889, 79744, 722

234, 685

181, 93338, 040

23, 096, 922

17, 948, 592521, 340426, 676367, 234207, 057

1, 088, 23691, 074

222, 7314, 291, 597

25,164, 538

2, 067, 6172, 287, 589

786, 37211,917


Gross profit other than tabulated as gross sales.InterestRentsProfit, sale of capital assetsMiscellaneous receipts :




Total statutory deductions..

Compiled net deficit (9 less 19)Statutory net deficit (20 plus 7 and 8).Cash dividends paidStock dividends paid





of dollars]

SHOWING NO NET INCOME


Food prod-ucts, includ-ing beverages

3,909,656i 20,456; 16,486

10, 7061,285

19, 082

11,0341,196

3, 989, 901

3, 427, 276, 42, 107

54,16229, 92217, 21079, 593

27034, iO6

•• 496,503

4,181,149

191, 248i 203,478

29, 3641, 105

Tobaccoproducts

91, 5072,1041,336

25224

2,024

27023

97, 538

72, 2442,1661,0071,488

5072,442

8522,913

102, 852

5,3145,6068. 333


Textilesand theirproducts

3, 097, 22515, 56511, 50413,181

1, 52024, 212

5, 6952,329

3, 171, 231

2, 723, 63796, 44738, 14233, 61131, 53791, 786

11229, 414

461, 056

3, 505, 743

334, 513342, 53742, 676

1,553

Leather andits manu-factures

550, 7912, 3381, 9932,150

6565,709

832255

564, 724

485, 74916, 6475, 8924,9717,7119, 510

212, 945

94, 929

628, 375

63, 650

Rubberproducts

399, 9764,7682,433

997118

3,721

3,305348

415, 665

290, 9375, 452

10, 9134,8946,835

23, 76411

2,337105, 022

450,166

34, 50164, 737 ! 38,1545,491 i 8,118

203 i 15

Forestproducts

963, 32710, 60010, 4427,3414,623

14, 674

3,8891,016

1, 015, 914

835, 56039, 29932, 01226, 22917,14048, 82619, 6636, 538

184, 880

1, 210,147

194, 233199,13821,049

1, 416

Paper,pulp, andproducts

595, 3673, 295

19, 2792,077

84611,011

7,267247

639, 389

480,15715, 95233, 75811,6683,574

36, 054833

3,116100, 538

685, 651

46, 26253,77618. 2882, 007

123456

78

9

101112131415161718

19

20212223

177160—34 10



TABLE 13.—Corporation returns for 1931 by major industrial groups, showingor deficit, tax, n,et profit after

[Thousands

PART 3. RETURNS

Receipts, taxable income:Gross sales iGross profit other than tabulated as gross salesInterestRentsProfit, sale of capital assetsMiscellaneous receipts


Total compiled receipts3

Statutory deductions:Cost of goods soldCompensation of officersInterest paidTaxes paid other than income taxBad debtsDepreciationDepletion __Loss, sale of capital assets...Miscellaneous deductions


Compiled net deficit (9 less 19)Statutory net deficit (20 plus 7 and 8)Cash dividends paidStock dividends paid




919,72742,8344,23913,199

8028,181

11,197562

1,000, 741

697, 33351,92520, 9657,28314,19933,490

6310,999

230,527

1,066,784

66,04377,80217,184

426


3,472,327263,417

43, 80813, 93011,24552,073

96,1767,255

3, 960, 232

2, 641,09833,36296,11496, 48423,306

303, 22461,87110,981

909, 227

4,175, 665

215,433318,864279, 221

415

Stone,clay, and

glassproducts

541,9222,4032,9782,346

6645,296

2,443837

558,891

410,16022,38413, 9549,6585,950

47, 9471,2003,529

120,000

634, 782

75,89179,17122,142

134

Metaland its

products

6, 556, 25390,13564,28619, 28322,10774,015

35,72823, 338

6,885,144

5, 293,444158,392104,159131,847

64,487380, 939

6,898100, 519

1,346,346

7, 587, 030

701,886760,951327, 367

4,058

1 For cost of goods sold, see statutory deductions.2 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.3 Include 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 divi-dends on stock of domestic corporations as reported in Schedule L of the return.




of dollars]

SHOWING NO NET INCOME—Continued


Manufactur-ing—Contd.

Manufactur-ing, not else-where clas-

sified

762,0954,2086,6634,335

83114, 687

4,098634

797, 551

590,99637, 20715, 5989,179

14,60330, 662

13218,161

219, 655

936,193

138, 643143, 37512,137

585

Construc-tion

828,842137,305

13, 75713, 724

1,54111,771

15, 3771,687

1,024,005

697, 21869,45026, 5978,791

13, 55233,975

26417, 898

250, 243

1,117,988

93,983111,04826,676

1,626

Transporta-tion and


6,129,966112,38370, 3336,326

56,727

209,11113,192

6, 598,037

42, 531980,962370,17822,577

447,90713, 76958,305

5,044, 754

6,980,983

382,946605,249453,013

12, 971

Trade

13,907 673191,10665, 67890,423

7,591197, 363

24, 2093, 614

14,487, 657

11, 230, 552471,634148, 262119,110177,973168,197

5, 267128,896

3, 035, 375

15,485, 266

997,6091,025,431

121,9376, 697

Service-professional,amusements,hotels, etc.

1,803,16414,57094,788

2,93342, 703

22,190685

1,981,034

93,706102, 58555, 28316,920

126,802374

36, 2631,767,515

2,199,447

218,413241, 28837,914

634

Finance-banking,insurance,real estate,stock andbond bro-kers, etc.

4 3,159,6731, 655, 264

841, 38165, 264

183, 386

631,006262,175

6, 798,149

295, 7641, 210, 852

329,904385,622218,056

1,9861, 034, 744

5 4, 684,882

5 8,161,811

1, 363, 6612, 256,843

754,92948, 941

Nature ofbusiness not

given

19,649976387144721

2,47790

24, 443

2,2611,453

7181,381

9137

10,74823,120

40, 601

16,15818, 724

96880

93456

78

9

101112131415161718

19

20212223

4 Includes for a limited number of returns the cost of securities purchased for customers.* Includes special nonexpense deductions of life insurance companies. (See p. 21.)


TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactivecorporations


[For text defining certain items and describing returns included, see pp. 1-4]

Serialnum-ber

1

2

3

4

67

8

910

1112

13

Industrial groups

Agriculture and related industries:Farming—Cotton, grain, stock; horticulture and

all other farming; lessors.Related industries—Forestry, fishing, ice harvest-

ing, and other related industries; holders andlessors.

Total agriculture and related industries

Mining and quarrying:Metal mining—iron, copper, lead, zinc, gold, sil-

ver, quicksilver.Coal:

Anthracite _ . __Bituminous, lignite, and peat

Oil and gas . _Other minerals—Asbestos, clay, granite, precious

and semiprecious stones, salt, etc.Mining and quarrying, n.e.c, lessors and holders-

Total mining and quarrying.-. ._ . . .

Manufacturing:Food products, including beverages:

Bakery and confectionery products-- _. . .Canned products—Fish, fruit, vegetables,

poultry, etc.Mill products—Bran, flour, feed, etc. .Packing-house products—Fresh meats, ham,

lard, bacon; meat canning, byproducts, etc.Sugar—Beet, cane, maple, and products .

Totalnumber

of re-turns

9,619

1, 395

11,014

1,026

1062,2074,0222,045

8,174

17, 580

3,5241,803

1, 250792

184

Number

2, 198

348

2, 546

149

33582

1,136677

1, 255

3,832

1,511459

448357

59

Returns showing ne

Orossincome •

193,225

21, 872

215,096

85, 323

185, 115166, 24489, 775

169, 602

36, 661

732, 720

909, 998197, 323

498, 0381,376,191

366, 556

Netincome

11,404

2, 599

14, 002

9,375

5,7439, 957

12, 54220, 054

13, 482

71,154

79, 69530, 021

21,82214, 711

20,997

j income

Net lossfor prior

year

1, 158

221

1,380

786

526587

2,521744

1,087

6,251

1,390815

806403

961

Incometax

962

239

1, 201

1,005

6221,0391,0342,200

1,311

7,211

9,1373, 443

2,5321, 651

2,401

Returns s

Number

6, 537

817

7,354

574

591, 5132,5711,226

2,348

8,291

1,8651, 219

746419

111

how ing no n

Grossincome x

223, 693

53,176

276, 868

380, 83(5

161, 926458, 449361,151115, 824

18,385

1,496,571

316, 875421, 401

247, 3282, 279,852

263, 723

et income

Deficit

83, 787

14,991

98, 778

80, 565

7, 35757, 702

133, 42522, 019

24,894

325,963

22, 95150,131

8,94035,406

37, 560

Numberof returnsshowing

no in-come

d a t a -Inactivecorpora-

tions

884

230

1,114

303

14112 1315142

4,571

5,457

148125

5616

14

Serialnum-ber

910

1112

13

o

oo


28

31

Beverages—Soft drinks, cereal beverages, min-eral water; wines; distilling.

Other food products—Artificial ice, butter sub-stitutes, cereals, coffee, spices, dairy prod-ucts, etc.; food products n.e.c.

Tptal food products, including beverages _.

Tobacco products

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

surgical supplies, linen, other textiles, etc.Clothing—Custom-made, factory-made, coats,

underwear, millinery, and clothing n.e.c.Knit goods—Sweaters, hosiery, etc

2, 305

4,774

14, 632

379

864

561

777

1473,729

7,311

1,266

Total textiles and their products. LLeather and its manufactures:

Boots, shoes, slippers, etc iOther leather products—Gloves, saddlery,

harness, trunks: finishing and tanningleather, etc.

Total leather and its manufactures

14, 655

Rubber products:Tires and tubes, etcOther rubber goods—Boots, shoes, hose, and

artificial rubber.Bone, celluloid, and ivory products

Total rubber products..

Forest products:Sawmill and planing-mili productsOther wood products—Carriages, wagons,

furniture, baskets, etc.

Total forest products

Paper, pulp, and products

1,1981,096

2,294

73355

124

552

3,1683,786

6,954

2,086

979

2, 653

(>, 466

155

172

267

391,267

2,460

462

4,875

457297

22107

45

174

5071,018

1,525

206, 725

1, 81J, 122

27, 809

131,855

5, 365, 954

1, 086, 321

229,858

139, 877

243, 666

83, 481403, 610

803, 344

228,346

2,132,182

460, 67884, 710

545, 388

346, 43446, 282

8,598

326, 910

142,494

12, 544

6,542

9,504

2,22718, 624

18, 484

9,905

27, 0323, 059

30, 091

10,9842,704

401, 314 | 14, 004

83, 506249,436

332,942

832 632, 927

2,98111, 985

14, 966

37, 472

1,692 | 2,961

5, 565 14, 698

11,632 36,823

112

2,173

1,668

1,395

1,1261,583

1,452

813

10,209

941350

1,291

2, 156221

2,391

615922

1,537

967

17,066

1,215

559

926

1251,847

1,667

1,012

7,351

3,064276

3,340

1, 058283

30

1,371

2181,161

1,379

4,239

1,215

1, 949

93, 204

366, 324

7, 524 3, 988, 705

211 97, 515

637

368

493

1042,398

4,741

762

9,503

708779

1,487

46240

361

2,4932,657

5,150

1,200

580, 775

291, 405

319,226

64, 484535,140

1, 054, 240

323, 632

3,168, 902

278,859285,610

564, 469

321,92982, 084

11,305

415,317

535, 640479, 258

1,014, 8

639,142

19,490

29,000

203,478

5,606

76,114

37, 785

42,932

11,31656,470

85, 293

32, 627

342, 537

24, 87639, 861

64, 737

27,8198, 953

1,382

38,154

121,86777, 272

199,138

53,776

111

172

642

19

21

17

4 I64

1 1 0 I

42 I

277

3320

8

4

17

168111

279

54

14

15

16

17

18

19

2021

22

23

2425

2627

2S

2930

31

>i-3

Ul

no

For footnotes, see p. 147. CO


TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactivecorporations—Continued


Serialnum-ber

32

333435

36

37

38

394041

424344

4546474849

Industrial groups

Manufacturing—Continued.Printing, publishing, and allied industries

Chemicals and allied products:Petroleum and other mineral oil refiningChemicals proper, acids, compounds, etcAllied chemical substances—Drugs, oils,

paints, soaps, and other chemical substancesn.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,

rolling mills, foundries, etc.Locomotives and railroad equipment ..Motor vehicles, complete or partsFactory machinery—Food-production ma-

chinery; leather, metal, paper, printing,textile, and woodworking machinery.

Agricultural machinery and equipmentElectrical machinery and equipment.. _Miscellaneous machinery—Building, con-

struction, gas, and mining machinery andequipment.

Household machinery and equipment, etcOffice equipment, etcMetal building material and suppliesHardware, tools, etc -_Precious-metal products and processes jew-

elry, etc.

Totalnumber

of re-turns

11,822

639343

5,961

322

7,265

4,418

2, 805

162871

1,350

446912

2,916

1,089349

1,6292,406

901


Number

4,593

208146

2,352

91

2,797

1,149

631

32201383

88267651

29986

326572215

Grossincome 1

1, 285, 285

1,116,407642, 417

1, 589, 666

22, 905

3,371,395

483, 373

372,284

61, 8791,803,959

241,335

115, 233225,115311, 527

308, 688141,849131, 369210, 758

73, 257

Netincome

115,795

36, 60249, 246

164, 614

1,031

251,493

41, 683

16, 237

3,790149, 32322, 036

3,01417,14023 208

26, 99920, 5418, 684

17,8362,645

Net lossfor prior

year

2, 421

96044

3,734

35

4,774

1,710

820

93,708

890

217201

1,086

1, 69420

580552283

Incometax

12, 895

4, 2475,882

19, 176

104

29, 409

4, 614

1,737

45017, 4442,511

3171,9992,553

2,9942,453

9191,978

253


Number

6,810

364167

3, 299

217

4,047

3,076

2,068

120621924

322602

2,117

748250

1 2381,738

665

Grossincome 1

1,000,179

3, 288, 35740, 253

527, 790

96, 577

3,952,977

558, 054

2, 323, 005

111,2841, 030, 313

239, 243

240, 815596, 071523, 685

178, 420135, 439369, 804430, 533138,357

Deficit

77, 802

246, 3964,067

56, 205

12,196

318, 864

79,171

142,196

27, 365123, 53443,161

28,21163, 22087,965

19, 40512,83149,67786, 65422,877


no in-come

d a t a -Inactivecorpora-

tions

4m

6730

310

14

421

193

106

104943

3643

148

4213659621

Serialnum-ber

32

333435

36

37

38

394041

424344

4546474849

GO

GO

OW

O

oo


53

59

Other metals, products, and processes; com-binations of foundry and machine shop.

Total metal and its products

Manufacturing not elsewhere classified:Radios, complete or partsMusical, professional, and scientific instru-

ments; optical goods; canoes; electriclaunches; etc.

Airplanes, airships, seaplanes, etc

Total manufacturing not elsewhere classi-fied.

Grand total manufacturing

Construction:Building and construction above ground:

Installing machinery, moving, wrecking, raz-ing, 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, dock-ing, drawbridge operating, lighterage, sal-vaging, piloting, wharfing; lessors.

Aerial transportationAutobus lines, taxicabs, and sightseeing com-

panies.Cartage and storage—Food storage; packing

and shipping; local transportation and re-lated industries 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 companies..

63

6465


3,864

19, 700

2697,922

161

8,352

93,109

12, 443

7,082

281

19,806

579868

1,870

7182,339

9,040

15,414

1,004

5283, 581

993

4,744

662,124

16

2,206

30, 270

3,882

2,492

83

6,457

152362

753

100783

4, 169

6, 319

557

2382,154

654, 939

4, 652,191

39, 359639,104

6,673

685,136

20. 974, 409

477, 568

673, 445

62, 222

1, 213, 234

948, 305405, 326

197, 761

39, 37796, 507

334, 072

2, 021, 348

1,902,311

542, 5361, 757,158

43, 770

355,221

1,63254,169

860

56, 661

1, 464, 619

22,033

54,188

4,478

80, 699

105, 51586, 041

22, 461

2,5425, 839

34, 863

257, 260

290, 320

57, 211204,908

585

10, 646

7431,420

101

2,265

49,955

2,167

6,402

430

8,999

1,071336

846

383745

2,209

5, 592

3,243

735114

5, 015

40, 624

946,023

84

6,201

165,311

1,818

5,332

474

7,625

12, 51410, 300

2,476

250487

3, 319

29,346

34, 377

6,74724, 358

2, 761

14, 174

1804,976

116

5,272

58,815

7,886

3,613

176

11,675

394345

915

4911,382

4, 362

7,889

295

2381,117

544, 839

6, 861, 806

85,126669, 343

42, 447

796,917

23, 058, 882

582, 806

386, 473

53, 038

1, 022, 318

3, 888,935380, 243

160, 990

32,150124,154

419,302

5, 005, 774

921, 131

112, 293157,094

53, 855

760, 951

29,90299, 392

14,080

143,375

2, 287, 589

60, 525

42,822

7,701

111,048

275, 32739,946

35, 667

17,15212, 221

28,185

408, 498

74, 964

29,13811,799

110

782

23822

29

874

4,024

675

977

22

1,674

33161

202

i127174

509

1,206

152

52310

50

5152

54

55

56

5758

59

6061

63

6465

OUl

oo


TABLE 14.—Corporation returns for 1931 by major industrial groups and subgroups and by returns with net income and no net income,showing number of returns, gross income, net income or deficit, net loss for prior year, and income tax; also number of returns for inactivecorporations—Continued


Serialnum-ber

666768

6970717273

74

75767778

Industrial groups

Transportation and other public utilities—Continued.Radio broadcasting companies __ _Water companiesAll other public utilities—terminal stations,

pipe lines, toll bridges and toll roads, irriga-tion systems, etc.

Total other public utilities

Total transportation and other publicutilities.

Trade:Wholesale _ _RetailWholesale and retailCommission _____ _. -All other trade—Auto wreckers, film exchanges,

pneumatic tubes, trading stamps, garages forstorage, repair service, etc.

Total tradeService:

Domestic service—Laundries, hotels, restaurants,etc.

Amusements:Theaters, legitimate, vaudeville, etcMotion-picture producersMotion-picture theaters __ .-Other amusements—Circuses, golf links, race

tracks, pleasure resorts, etc.

Total amusements

Totalnumber

of re-turns

3311,4791,378

8,301

23,715

23, 81282,16810,6336,855

13,052

136, 520

14, 650

669234

2,3875,512

8,802


Number

147925593

4,614

10,933

8,64926, 4044,1592,4864,351

46, 049

5, 255

18254

1,1671,658

3,061

Grossincome l

25, 318120,762431,518

4, 779,603

6, 800,951

5, 273, 0658,039,1191, 731, 736

562, 345503,137

16,109,402

732, 627

18, 76429, 696

276, 51963,982

388,961

Netincome

4,41113, 47675, 048

645, 375

902, 635

104, 381271,800

46, 42919, 74617,680

460, 035

36, 430

1,3982,698

26,0055,649

35, 749

N e t lossfor prior

year

10664

933

5,195

10, 787

7,6037,1701,6311,4601,316

19,180

1,618

11244

2,365645

3,166

Incometax

4891,4608,808

76, 239

105, 585

10,14227,8264,5801,8441,317

45, 708

3,389

130318

2,638410

3,496


Number

163401519

2,733

10, 622

14, 72153, 5816,3824,1427,973

86, 799

8,794

343145

1,1483,021

4,657

Grossincomel

111,67127,088

249, 793

1, 579,071

6, 584, 845

5, 055, 5096, 664, 4851, 626, 589

510, 767626, 695

14, 484, 044

842,178

33,147412, 252208,133

82, 449

735, 980

Deficit

9,3308,364

63,156

196, 751

605, 249

324, 721491,134103, 58439, 68866,303

1,025, 431

121, 601

7,53211, 37221, 58220,666

61,152

Numberof returnsshowingno in-come

data-Inactivecorpora-

tions

21153266

954

2,160

4422,183

92227728

3,672

601

1443572

833

1,084—

Serialnum-ber

666768

6970717273

74

75767778

Si

2oo


79

80

81

8283

8485

86

8788

89

90

Professional service—Curative, educational, engi-neering, legal, etc.

Business service—Detective bureaus, trade shows,mimeographing, publishing directories, adver-tising, etc.

Other service, n.e.c.—Auto camps, cemeteries,board of trade, newspaper syndicates, photogra-phers; concessionaires of amusements, cloak-rooms, etc.

Total service _-.

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,

marine, 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

7,332

6,009

5,613

42, 406

7,15816,811

323,972

92, 055

120, 028

6311,853

2,484

30,408

152, 920

19, 334

516,404

2, 501

2, 308

2, 512

15, 637

2,0856,657

4871

35, 590

45, 207

339"775

1,114

12, 808

59,129

1,045

175,898

125,908

346, 219

105,162

1, 698, 877

268,097516,848

1,274389,880

934,901

2,110,999

755,797764,466

1, 520, 263

662, 590

4, 293,852

12, 494

52,051,035

11,070

25,018

9,657

117,925

24, 52859,851

21826, 552

176, 345

287,494

86,66459, 688

146, 353

136,655

570, 502

1,796

3, 683, 368

742

1,050

371

6,947

654840

1179,303

13, 330

24, 243

(2)1,708

1,708

6,474

32, 425

82

136, 005

904

2,546

746

11,081

2,4115,975

41,949

14,147

24, 486

10, 3486,897

17,246

13, 435

55,166

105

398, 994

3,744

3,135

2,258

22, 588

4,5547,660

272,922

45, 506

60,669

253910

1,163

13, 602

75, 434

2,228

283,806

112,036

214,590

75, 564

1, 980, 348

647,946979, 387

4,1531, 671,907

1, 063, 610

4,367, 004

165, 6361,104, 261

1, 269, 897

899, 073

6, 535, 974

24,354

55, 464, 204

20, 304

24, 803

13, 428

241, 288

133,702204,077

8,884594, 221

502,940

1, 443, 825

29,494200, 934

230, 429

582, 589

2, 256,843

18,724

6, 970, 913

1,087

566

843

4,181

5192,494

1179

10,959

14,152

39168

207

3,998

18,357

16,061

56, 700

79

80

81

8283

8485

86

8788

89

90

1 Gross income corresponds to total income as reported on face of the return, plus the cost of goods sold.2 Less than $1,000.NOTE.—N.e.c, not elsewhere classified.

I

i



TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major1931, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid

[Money figures in[For text defining certain items and

Number of returns with balancesheets.1

Assets:2

Cashs. . . . _Notes and accounts receivableInventories _.Investments, tax-exempt4 ..Investments other than tax-

exempt.5

Capital assets—Lands, buildings,equipment (less depreciation).

Miscellaneous assets

Total assets 121, 724, 933 174, 772, 096

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 sales 6

Gross profit other than tabulatedas gross sales.

InterestRents . . .Profit, sale of capital assets _.Miscellaneous receipts.

Receipts, tax-exempt income:Dividends from domestic corpo-

rations.Interest on tax-exempt obliga-

tions.4


Statutory deductions:Cost of goods sold...Compensation of officersInterest paid.Taxes paid other than income taxBad debts. _DepreciationDepletionLoss, sale of capital assetsMiscellaneous 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 pa id . . .Stock dividends paid

Industrial groups

Aggregate

Netincome

143,195

6,473,31519, 242, 5115, 605,3824, 519,66033, 447, 786

45, 687, 523

6, 748, 756

8, 070,19116,129, 56136, 861,7357,379,974

30, 617, 06023, 407, 212

740,799

121, 724, 933 174. 772, 096

36,571,0599, 576, 496

2,016, 326965,472148,894662, 349

833,884

212, 762

50,987, 243

27, 059, 0721,107, 5911,468,059893, 308336, 860

1, 721, 29574,889149,554

13,534,411

46, 345,039

4, 642, 204

3, 595,558

129,776392,855

4, 249,349

3,843,35877,061

No netincome

237,893

9,406, 93629, 424, 6889, 534, 5516,147, 532

40, 857, 547

69, 615,176

9, 785, 667

15,181, 20731,971,40045,020, 04611, 736, 85549,176, 66728, 569,170

6, 883, 248

37,212,36211, 629,018

2,008,0131,144,820

134, 621

730, 813

1, 070, 627

320, 527

A, 250, 803

30, 315, 4081,466, 2262,900, 8681, 279,142

815,8162, 211,497

185,67^1,388,973

18,816,502

59, 380,110

io 5,129, 307

io 6, 520, 462

2,248,98084, 757

Agriculture andrelated industries

Netincome

1,822

35,55051, 65531, 2022,39447,156

352,338

42,885

563,179

44,10026,14063, 01410,919

165, 254274, 28320, 530

563,179

97, 39793,016

2,7133,8271,7986,140

778

105

205, 774

63,3285,3322,7106,3642,064

14,8221,335

24695, 642

191,843

13,931

13, 047

1,2381,159

12, 772

19,76259

No netincome

5,745

20,986151, 266123, 828

12, 809183, 569^

Mining andquarrying

Netincome

2,927

981,344 1,285,018

98,853

1, 572, 655

317,968214, 006122, 23172,760726,497312, 321193,127

1, 572,655

212,81223, 686

5,1015,8401,9796,297

4,430

650

260,795

177,34113, 20722, 53413, 2753,70518, 3233,6997,547

85, 474

345,105

io 84, 310

i° 89, 390

5,7121,882

79, 554150, 73882, 20253, 224226,474

103, 758

162, 291452,415 i391, 576191,479|

1,084,103;

5, 347, 949)

539, 329!

968 8, 069,:

138, 258161, 502167, 69780,747

913,"632,113,349

710, 700834,747697,913482,957

376 4,086,495737 1, 937, 889

681, 559

1,980,968 8,069,142

638, 386 136,034

6,7527,0057,54112, 224

8,917

2,319

719,177 1, 471,

435, 585 114, 50313, 83921,7263,200

40,17032, 368

1,24976,708

79, 827

68, 591

5,8637,063

72, 764

81, 2304,077

No netincome

, 306, 90566,035 j

16,971117,251!9,988;

23,530I

25, 715;

5, 5964

, 030, 51428, 542

50,04910,808

150,36470,41427,973

316,132

639, 349 1, 753, 781

1281,790

1313,101

89,120




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




Manufacturing

Total manufacturing

Netincome

26,982

1,690,0673,622, 9623, 267,3161,011,1863, 887,848

8, 759, 363

2, 334,917

24, 573, 659

2, 013, 8021,447, 8571, 640, 2402,415,4709, 380, 9427, 807, 816

132, 468

No netincome

53,124

1,767,9524,196,1925, 735, 745

736,3894, 484,821

19, 526, 587

2, 779,982

39, 227, 667

4, 002, 9604,132, 6882,923,9874, 468, 099

16,064, 9309, 563, 7601, 928, 756

24, 573, 659' 39. 227, 667

19,889, 311162, 924

132, 65961, 36718, 360

260, 593

209, 307

37, 015

20, 771, 535

13, 964, 939404, 614178, 271197,185106,404632, 097

29,11143, 583

. 3, 519, 255

19, 075, 458

1, 696, 078

1, 449, 756

48, 211164,101

1,531,976

1, 491, 63130, 024

21, 543, 362458,169

184,10089, 02143, 908

230, 448

177, 886

38, 018

22, 762, 912

17, 679, 483507,163420, 359363, 981202, 858

1, 078, 25590,186

211,4834, 213, 202

24, 766, 971

10 2, 004, 059

io 2, 219, 963

784, 32111, 222

Food products in-cluding beverages

Netincome

5,609

304, 527447,176497,479141,726555, 772

1, 736, 642

. 447,463

4,130, 786

320, 744316,912243.156439, 996

1,613,6201, 220, 463

24,105

No netincome

6,473

127, 075408,143464,665

30, 847393,110

1,405, 931

227, 450

3, 057, 221

551,696499, 392123,096494, 021

1,137, 287467, 815216,086

Tobacco products

Netincome

139

121,777148,497358, 02740, 667

105, 561

85, 265

154, 566

1,014,360

25, 56058, 85461, 290

131, 682431, 954305,140

120

4,130,786 3,057, 2211 1,014, 360

5,211,42321, 371

14, 8419,4786,337

32, 727

20, 542

5,046

5, 321, 765

3, 797, 35072, 45928, 63737, 89819, 057

126, 2901,650

10, 941877, 088

4, 971, 369

350, 395

324, 808

11,46936, 690

313, 706

269, 2285,093

3, 841, 08919,616

16,40410, 587

1, 270

18, 498

7,975

1,196

3, 916, 635

3, 367, 98440, 27352, 92429, 42916, 80877,311

26033,315

485, 636

1, 071, 9621,045

2,830590103

2, 310

7,121

855

1, 086, 816

792,8178,2445,1827,6731, 5295,743

475114,750

4,103, 939 936, 413

10 187, 304

i° 196, 475

29, 2551,031

150, 403

142, 427

8317, 063

133, 340

98, 44928

No netincome

179

28, 53826,17251,154

1,04810, 453

30, 099

9,604

157,069

34, 06331,55010,82921, 60545, 20616,4082,592

157, 069

90, 6402,102

1,33424824

2,023

269

23

96, 662

71,4882,112

9971,478

5022,432

8522, 755

101, 849

10 5,187

i° 5, 480

8,333

Textiles and theirproducts

Netincome

4,435

144,188250,344304, 29589,554

142, 064

626, 989

91, 722

1, 649,154

158, 25838,84199,881

161, 961665, 704538, 883

14,373

1, 649,154

2,058, 9299,592

6, 4374, 003

71612, 500

1,718

2,702

No netincome

8,594

189,987423,955677, 263

71, 549249,215

1, 543,113

196, 865

3, 351,948

502, 941181, 741171, 597551, 223

1, 555,160721,040331, 753

3, 351, 948

3,023, 37414, 568

11,36512, 9751,486

23,637

5,415

2, 327

2, 096, 597| 3, 095,147

1, 632, 82464, 2699,131

13,49112, 69855,419

382,970

224, 902

2, 015, 742

80,855

76, 435

9,5507,313

73, 542

62,2002,736

2, 656, 07193, 36937, 48433,00630, 50790, 071

11225, 470

447, 971

3, 414, 061

10 318,915

io 326, 656

42,0901,112

Leather and itsmanufactures

Netincome

683

46,83789, 345

103,8708,390

21, 638

84,129

15, 027

369,234

32, 2713,578

13, 38553, 969

165, 508103, 611

3,086

369, 234

527,167746

1,76848081

3,956

165

363

534, 727

417, 24211,144

1, 3782, 5904,7536,783

48760, 111

504, 490

30, 237

29, 709

1, 1963,315

26, 922

22, 964411

No netincome

1,353

26,26380, 217

176, 5466,704

42, 387

144, 968

53,124

530, 208

86, 86824, 98025, 623

127, 340227,09498,10559, 803

530, 208

531, 5432,323

1,9802,137

5915,316

830

255

544,976

470, 49016,1565,7514,8177,4289,043

212,872

90, 641

607, 218

io 62, 242

io 63, 328

5,425203

1

23456

7

8

9

10111213141516

17

1819

20212223

24

25

26

272829303132333435

36

37

38

394041

4243



TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major1931, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid—Continued

[Money figures in

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

Total assets

Liabilities:2

Notes and accounts payableBonded debt and mortgagesMiscellaneous liabilitiesCapital stock, preferredCapital stock, commonSurplus and undivided profits

Less deficit

Total liabilities


Gross profit other than tabulated asgross sales.

InterestRentsProfit, sale of capital assetsMiscellaneous receipts

Receipts, tax-exempt income:Dividends from domestic corporations-Interest on tax-exempt obligations *..

Total compiled receipts "

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


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



Rubber products

Net

34,351140,944

72, 5714,029

35,479160, 789

99,093

547, 256

107,96381, 54019,305

141,59270,883

127, 4221,447

547, 256

380,4621, """

6,2642,836

294,410

1,679104

397,050

285,2973,2459 , ~ "2,2,827

15, 73758

28461, 855

381, 605

15, 44513, 662

2,0941,367

14,078

18,75023

No netincome

339

69,816170, 228

27, 231110,502415,468

47,08589,319

751,011

399, 5164,768

2,433996118

3,715

3,305348

415,198

449, 476

i° 34, 27810 37,931

8,11815

Forest products

Net

1,354

20, 26369, 46574, 7958,08056,695171,412

17,635

418, 345

48,92913, 83526,46933, 395167,947137, 86310,093

418,345

312, 8312,226

2,0751,3201,8662,77"

1,170342

324, 611

235,04612,4363,0733,9954,3409,6672,231441

37,185

308, 414

16,19714, 684

1,48'1,370

14, 82'

14,120

No netincome

4,783

62, 715299,854372, 66730, 323235, 686

1,340, 468

132, 520

2, 474, 233

331,420251, 663155,041164,474

1,022,373757, 516208, 254

2,474, 233

943, 60810, 357

10, 3127,2294,412

14,150

3,8841,016

994, 967

817,49538, 56731, 32725, 75916,82548,05819,1944,657

180,006

1,181, 88'

° 186,920o 191, 820

20,8531,236

Paper, pulp, andproducts

Net No netincome income

800

41,52480,368

114, 49935,05589,602

457, i

59, 706

878, 343

46,85654,37932, 387

110,822327, 242308,489

1,832

878, 343

615, 399907

2,4771,011

3714,419

2,2221,328

628,133

440,11917,2305,9227,7332,373

29, 503806989

82,883

587, 558

40,57537, 025

9664,190

36, 386

32, 4131,322

1,134

35,307134, 967140,196

6,766385, 672727, 759

1, 529, 361

155,118266,557

74, 294249, 284545,401275,110

36,404

1, 529, 361

584,1543,291

19,2692,071

84210, 806

7,2247

627,946

470,80515,70632,80311, 5583,537

35,646833

3,05299,198

673,138

io 45,192i° 52, 705

13,1992,007




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


Printing, publishing,and allied industries

i

Netincome

1! 3,980

85, 023210,04398, 68175,184

174, 758505,123

281,442

1, 430, 254

134, 398117,823107,329

1 129,774! 440,492

517, 98617, 550

1,430, 254

1,199,14023,119

6,1208,7721,792

12, 036

5,2333,032

1, 259, 244

772, 82055, 75011,08214, 46911,81034, 391

194,171

232, 527

1,137, 040

122, 204113,939

2,33312, 746

109, 457

93, 5543,318

No netincome

5,975

43, 289387,012

82, 5218,099

352, 513409, 674

320, 623

1, 603, 730

435,168192, 79985,82088,125

445, 789453, 499

97, 470

1,603,730

896, 29340,138

4,20013,159

7237,997

10, 964562

974, 036

677,10849, 69720, 416

7,19013,95132, 776

6310, 822

223,432

1, 035,454

i° 61,41810 72,945

17,165426


Manufacturing—Conti

Chemicals and alliedproducts

Netincome

2,492

256,919874,462607,931113, 672

1, 592, 5692,161, 831

462, 226

6, 069, 610

258, 247260, 725439,021385,658

2, 726, 6222, 017, 831

18,495

6, 069, 610

3, 099, 94523, 358

42, 41914,5192,586

32, 840

112, 7657,788

3, 336, 220

1,836,12046, 94750, 57351, 63115, 892

139,43921, 9299,220

796, 734

2, 968, 485

367, 734247,181

4,55828, 954

338, 780

386, 3426,223

No netincome

3,598

281,014682,559

1,035,01657,367

1, 097, 3355,197, 688

379, 415

8, 730, 394

623, 9811,056, 557

737,439401,238

3, 739, 0252, 409, 792

237, 639

8, 730,394

3, 456, 056263, 329

43, 70513,90711,21552, 032

96,1677,251

3,943,660

2, 629, 48132, 72795, 72296,15523,140

302, 40261, 60410, 478

904, 566

4,156, 275

10 212, 61410 316, 032

279,169415

Stone, clay, andglass products

Netincome

1,032

44, 27084, 769

107, 64637, 797

103,457416,903

48,844

843, 687

50, 58241, 52737,66879,186

364,070275, 390

4,735

843, 687

460,1381, 603

No netincome

2, 815

47, 045106,185160, 97927, 67681,719

833,859

84,683

1, 342,146

127, 546146, 251108,104206,145550, 669285,62482,194

1, 342,146

531,3952,045

3,195 2, 8931,361 2,262

587 6616, 566 5, 194

2, 490 2, 4301, 212

477, 151

301,17712, 1084,0245,1563,991

27, 269640

2,11975, 970

432, 455

44, 69640, 995

1, 6844,527

40, 169

36, 651242

837

547, 716

401, 53621,71713, 7509,4585,868

47, 3891,0592,614

117, 588

620, 979

i° 73, 263i° 76, 530

22, 064134

nued

Metal and itsproducts

Netincome

4,342

523,8141,085,832

782,051431, 770920, 251

2,112, 607

595, 662

6, 451, 986

770, 553432,852472, 501675, 571

2,158, 7001,965,468

23, 658

6, 451, 986

4, 324, 35672,122

37,14115, 1012, 873

134, 398

38, 05713, 382

4, 637,430

3, 055, 92876, 80844, 01443, 71122, 550

162, 6611,667

10, 097815, 290

4, 232, 727

404, 703353, 265

10, 54140, 460

364, 243

396, 4359,810

No netincome

13,262

13, 262827, 455

1,369,4312, 262, 988

464, 5951, 325,8307,163, 895

937, 312

14, 351, 505

891, 5921,190,3751, 275,1381,907,3485, 736, 6003, 766,119

415, 667

14, 351, 505

6,511,37889, 798

63, 86319,20121, 96272, 786

35, 35823,333

6, 837, 677

5, 256, 516155,950103,152131,21563,880

379, 3386,898

98,1141, 327, 962

7, 523, 025

10 685, 348i° 744, 039

326, 8484,058

Manufacturing notelsewhere

Netincome

1,955

66, 574141,719145, 47125, 26290,002

240,083

61,531

770, 643

59,44126,99387,84871,864

248,200289,270

12,972

770, 642

627, 5605,568

7,0921,8971,018

11, 652

16,146860

671, 793

398,19723,972

5,8865,9054,584

19,19674

1,388139, 958

599,160

72,63355, 627

2,2506,106

66, 526

60, 525556

classified

No netincome

4,619

49, 336187,086221,564

21,909182,976440,141

245, 830

1, 348, 842

192, 749120, 594129,775146, 794644, 858265, 646151, 574

1,348, 842

734,3173,834

6,3424,250

60514, 295

4,023625

768, 292

570, 06535,48015,1269,024

13, 58630,042

13217, 669

208, 544

899,668

1 0131, 376i° 136, 024

11, 801585

1

234567

8

9

10111213141516

17

1819

20?A2223

2425

26

272829303132333435

36

3738

394041

4243



TABLE 15.—Returns of corporations submitting balance sheets for 1931 by major1931, or at close of fiscal year nearest thereto, compiled receipts and statutorypaid—Continued

[Money figures in


Construction

Netincome

No netincome

Transportation andother public utilities

Net income No netincome

181920212223

2425

26

Number of returns with balance sheets 5,312 10, 038 8,268

Assets: 2Cash 3Notes and accounts receivableInvent oriesInvestments, tax-exempt 4

Investments other than tax-exempt 5

Capital assets—lands, buildings, equipment(less depreciation).


87,638325, 63071,72962,425122,489252, 450

87, 874

67,859317,510108, 71234,892325,110451, 839

158, 657

663, 6791, 633,992435,693185, 674

4,122, 48225, 350, 843

1, 443, 347

669, 5571,192, 272453,07271,341

7, 236, 20326, 862, 767

2, 016, 264

Total assets . 1,010,236 1, 464, 579 33,835, 709 38, 501,476

Liabilities:2

Notes and accounts payable...Bonded debt and mortgages..Miscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profitsLess deficit

238,82260,058157, 66632,830251, 024285, 91516, 078

340,837237, 216181, 20999, 844

425, 801282, 307102, 635

1,711,46910,430, 0291, 788, 6633, 206,72210, 978, 4855,830, 350

110, 008

1, 782, 28416, 594,1523,156, 2412, 595,2299, 761, 7645, 280, 947669,140

Total liabilities. 1, 010, 236 1,464,579 33, 835, 709 38, 501,476

Receipts, taxable income:Gross sales oGross profit other than tabulated as gross sales.InterestRentsProfit, sale of capital assetsMiscellaneous receipts


834, 447295, 399

6,0854,7762,723

12, 439

4,4172,315

784, 366128, 283

13, 60813,4191,360

11,193

14, 6921,674

5, 976, 414185,64095, 41412, 00871,198

402, 52919,858

6, 073, 314107,84869,1246,094

55,900

208,95313,177

Total compiled receipts : 1, 162, 600 968, 595 i, 763, 060 6, 534,410


674, 05656,8358,2235,2266,517

34, 065306

6,015287,460

Total statutory deductions. I, 078, 703

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

83,89877,165

i, 6687,372

76, 52636,1024,576

659, 43265,31925, 9528,537

13,24432, 380

25717, 513

233, 594

51,153643, 262362, 58125,085

670, 2379,112

23, 8363, 664, 558

39, 612971, 400368, 38722,184

440,05613, 76451, 557

4,982,350

1, 056, 228 5, 449, 825 19,311

io 87, 633o 103, 999

1, 313, 236890,849

10,676

io 354, 90110 577,031

26,4041,626

104,4321, 208, 8041,337, 282

3,218451,949

12,971

1 Excludes returns for inactive corporations,2 See text, p. 31.3 Includes cash in till and deposits in bank.4 Includes obligations of States and Territories or minor political subdivisions, securities issued under the

Federal Fa'rm Loan Act, and obligations of the United States or its possessions.s See text, p. 29.6 For cost of goods sold, see Statutory deductions.



industrial groups, showing number of returns, assets and liabilities as of Dec. 81,deductions, net profit or deficit, statutory net income or deficit, tax, and dividends



1 Ici

Net income

39,012

553,6302,028, 6911, 593, 812

189, 751655, 766

2,066,489

i 548,745

7, 636, 885

! 1, 595,136391, 321379, 821568,195

2,641,189i 2,128, 054

66,832

! 7, 636, 885

i 15,111,520166, 87353, 49152,931

! 32,498168, 676

| 22,9328,467

; 15,617,388

11 921,164; 289,083; 66,658

84, 987: 84,138

141, 3071,041

10, 7422, 539, 472

15,138, 592

478, 796; 447,397

17, 83345,194

433, 602| 309,200

9, 793

de

No netincome

74, 874

479, 2122, 658, 8662, 391, 780

106,9631,167,7562, 662, 818

795, 762

10, 263,158

2, 478, 641923, 545686, 275

1,114, 5864,196, 3131, 874, 5771, 010, 779

10, 263,158

13,364,916177, 66564,77288,758

7,103192, 207

23, 7833, 580

13, 922, 784

10, 768, 638447, 247143,954115,341172,182163, 645

5,237119,577

2, 919,194

14,855,015

io 932, 231i° 959, 594

120, 5776, 674

Service—professional,amusements, hotels, etc.

Net income

11,407

129,144269, 210

75, 33124,358

651,0311, 029, 078

197, 024

2, 375,176

208, 895302, 566172, 790155, 397586, 747986, 059

37, 278

2, 375,176

1, 506, 20723,72035, 507

4,39020, 610

19, 712812

1,610,957

90, 80832, 09624, 9319,146

61,756232

13, 3781, 245,967

1, 478, 313

132, 644112,121

6,54410,876

121, 76976,8909,852

No netincome

17,138

82,073366, 771123,10321,278

492, 2292, 689, 751

404,964

4,180,168

669, 0081, 333, 613

396,450305, 385

1, 379, 848465, 861369, 998

4,180,168

1,705, 70414,18089,601

2, 50940, 397

21,952666

1,875,011

84,84798, 86553,06416,336

122, 056370

34,8231,664,346

2,074, 707

i° 199, 696io 222, 314

37, 828634

Finance—banking, in-surance,stock andkers, etc.

Net income

46, 985

3, 232, 32311,148,267

47,0012,990, 203

23, 725, 5896,582,611

1,986,798

49, 712, 792

2,114,5773, 307, 726

32, 488, 055907,176

5, 673, 6925,453, 710

232,144

49, 712, 792

8 1,333,0411,604,792

704, 44469,471

110,073

165,150141,864

4,128,835

194,474522, 891190,172100, 226126, 677

1,38550,471

& 2,099, 891

& 3, 286,186

842,649535,63530, 70652, 597

790,052490,203

15,451

real estate,bond bro-

No netincome

60, 907

6,153, 00120, 053,837

202, 3915,070,086

25, 825, 06611,055,093

2,970, 774

71,330,248

4, 847, 3387, 692,091

36,842, 5152, 582, 685

12,419, 9078,815,1651,869,451

71,330,248

8 2, 983,1281,600,722

771, 50161,562

170,209

592,060257,103

6, 436, 285

278,5551,147, 785

305, 940373, 308205, 617

1,743908, 729

9 4, 385, 330

9 7, 607,009

10 1,170,724i° 2,019, 887

732,18548, 784

Nature of businessnot given

Netincome

480

1,72911,3661,097

4468,9509,333

3,408

36, 329

5,1322,3633,7892,517

26,3508,289

12,111

36, 329

No netincome

1,229

4, 00635, 5594,3462,294

58, 68937,027

21, 081

163, 002

31,4719,342

13, 22515,311

115,11336, 34357, 803

163,002

6, 588474201106397

1419

7,915

15,034712305118631

1,15663

18, 019

78811113680

164

335,458

6,770

1,145995

3761

1,0841,059

11

1,7341,032

5681,191

8027

9,77016,880

31,983

10 13,96410 15,183

88580

1

234567

8

9

10111213141516

17

181920212223

2425

26

972829303132333435

36

37383S40414243

^ n u , , etc.), but not gross receipts from-exempt obligations and dividends on

Includes for a limited number of returns the costIncludes special nonexpense deductions of life insD f i i t

IncludeDeficit.



TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions,

[Money figures and total assets


PART 1. ALL RETURNS

Number of returns 1

Assets:2

Cash 3Notes and accounts receivableInventoriesInvestments, tax-exempt4

Investments other than tax-exempt5

Capital assets—lands, buildings, equipment (less depre-ciation) .


Total assets..

Liabilities:2

Notes and accounts payable.._Bonded debt and mortgages._.Miscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits.Less deficit

Total liabilities-


Gross profit other than tabulated as gross sales.InterestRentsProfit, sale of capital assetsMiscellaneous receipts




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

296, 497, 029


Total

381,088

15, 880, 25048, 667,19915,139,93310, 667,19274, 305, 333115,302,699

16, 534,423

296, 497,029

23, 251, 39748,100,96081,881, 78019,116,82979, 793, 72651,976, 3817,624,046

73, 783, 42121, 205, 5144, 024, 3392,110, 292283, 515

1, 393,162

1,904,511533, 288

105,238,045

374,479573,817368,927172,449152, 675932, 791260, 565538, 527350,912

105, 725,148

8 487,103' 2, 924,903

129,775392,855

s 879,9586, 092, 337161,818

Under 50

182,447

231,177923,957639,57615,417

150, 9511, 389, 705

352,000

3, 702, 783

1, 248, 446282,943261,587150,090

2,482, 206500,994

1,223,484

3, 702, 783

5, 610, 3841,142,041

23,52789,99913, 09767, 816

5,049540

6, 952,452

4, 454, 522520,12555, 62560,11072, 216124,5836,215

72, 2091,999,014

7, 364, 6198 412,1668 417, 755

9,1943,080

8 415, 24765,1172,725

50 to 100

61,144

219, 2991,031,423615, 99129,086253, 718

1,829, 262

387, 770

4, 366, 549

1,132, 905514, 292315,618171,203

2,192,162641,862601, 493

4, 366, 549

4, 526,980677,13333, 86189, 6339,82754, 874

5,128674

5, 398, 111

3, 612, 325312, 48266, 52150,05560, 479118,4842,230

29, 2421,359,911

5, 611, 730

8 213, 6198 219, 421

8,7704,690

8 218, 30960, 8253,598

For footnotes see pp. 158-159.



classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or anet profit or deficit, statutory net income or deficit, tax and dividends paidclasses in thousands of dollars]


WITH BALANCE SHEETS

Total assets classes—Continued

100 to 250

63,428

490,7792,307, 5381,134, 770128,928864 088

4,334,689

811,352

10,072,145

2,037, 9481,381,8911,258,311506, 316

4, 309,8291, 571, 575993, 725

10,072,145

7,326,8411,012,893112,838212, 34420, 53795,812

17,5964,172

8,803,034

5,863,882433, 314163, 559108,014111,982209,8976,399

72, 5572,173,123

9,142, 728

8 339,6948 361,462

15,18213,227

8 352,921140,65210,784

250 to 500

31,052

554,8032,435,6021,036,030254,026

1,303,1414, 544,435

801, 588

10, 929,624

1, 747, 2581, 547,1681,879,095656, 291

4,029,0321,869, 242798,461

10,929,624

5,849,894849,665143,099221,81917, 58588, 637

27,43911,410

7,209, 548

4,667,184295, 771178,695107,03491,859189,6196,36776, 539

1,847,477

7,460, 546

8 250,9988 289,847

12, 98516, 550

8 267, 548158, 57412,190

500 to 1,000

19, 335

721, 6122,892,2831,091,819447,076

2,096,4055,288, 685

992, 986

13, 530,865

1, 765,4981, 794, 3202,938, 260909, 608

4,553,0942,391,172821, 086

13, 530,865

5, 573, 612918,186185,951228,15321,32992, 748

40,32918, 486

7,078, 794

4,445,410235,367213, 563117,029107,479208,03410,42990, 943

1,902,811

7,331,066

8 252,2728 311,087

13, 58319,393

8 271, 664197, 54013,069

1,000 to 5,000

18,345

2,067,1717, 665, 6362, 438, 4041, 599, 5918,243, 56113,440, 388

2, 500,656

37,955,407

3, 710, 2664,648,6339,853, 5342, 780, 38111,337,3217,118,3591,493, 088

37,955 407

11,161,8411,863, 093567, 823481,95546,957223, 603

179,00770, 738

14, 595,017

8, 689, 525353, 213567,674280,844216, 055496,43431,432

316, 5794,182,187

15,133, 943

8 538,9268 788, 670

26,51352,203

8 591,129590, 75226, 370

5,000 to10,000

2,588

1,054, 5883, 310, 523942,338875, 770

4, 509,3716, 240, 566

1,032, 020

17, 965,175

1,392,8382,431, 5134,865,4441,283,9134,900,9583, 569,744479, 236

17,965,175

4, 001,390893,803265,127174,05217,61893,056

104,84638, 570

5, 588,463

3,005, 56798,608263,163119,03289, 555217,02317,921169, 639

1,745,732

5, 726, 239

8 137, 7768 281,193

8,83028,348

8 166,124344,98011,393

10,000 to50,000

2,117

2,481, 5687,051,4942,141,0452,087,91911, 770, 71014,857,050

2,777,412

43,167,197

2, 979,8986,281,94911,860,8063, 722,71311,167, 7737,930,415776,357

43,167,197

9, 600,9342, 296, 725577,912247,60634,139209,102

287, 631111, 095

13, 365,145

7,172, 367161,419601, 524277,806130,688568,84338, 660292,442

4,157, 221

13,400, 970

8 35,8258 434, 552

18,15568,186

8 104,011879,83650,135

50,000 andover

632

8,059,25321,048, 7445,099,9615,229,379

45,113,38863,377,919

6,878,640

154,807,284

7,236,33929,218,25348,649,1278,936,31434,821,35126, 383,018

437,117

154,807,284

20,131,54511,551,9762,114,199364,731102,427467,514

1, 237,486277,604

36,247,482

15,463,699163, 518

2,258,6031,052,524272,362

1,799,874140,914418,377

12,983,438

34, 553, 309

1,694,173179,08316,563187,178

1, 506, 9953,654,062

31,553

1

234567

8

9

10111213141516

17

181920212223

242526

272829303132333435

36

37383940414243

177160—34 11



TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net


PART 2. RETURNS


Total

143,195

6,473,31519,242,5115,605,3824, 519,66033,447, 786

45,687, 5236, 748, 756

121, 724,933

8,070,19116,129, 56136,861, 7357,379,97430,617,06023,407, 212

740, 799

121,724,933

36, 571,0599, 576, 4962,016,326965,472148,894662,349

833,884212, 762

50,987, 243

27,059,0721,107, 5911,468,059893,308336,860

1,721, 29574,889149, 554

13, 534,411

46,345,039

4,642, 2043, 595, 558129,776392,855

4, 249, 3493,843, 358

77,061

Under 50

65,564

114, 299366,360196,4076,68165, 539

530,260115,569

1,395,114

314, 84392,03079,04829, 530754,903274,406149, 647

1,395,114

2,289, 651517, 77411,98739, 3878,55126,894

1,442170

2,895,855

1, 770,102192,47115,45517,57018, 70741,5181,1081,316

729,236

2,787,482

108, 374106,7629,1943,080

105,29444,9451,553

50 to 100

24, 297

116,920441,301201,08613,997

. 110,392

720,154130, 514

1,734, 365

329,632185, 517132,19052,137

760, 568343,19468,874

1,734,365

2,052,637328,38919,48646, 2646,29224,095

1,839301

2,479,303

1,595,913135,49322,04320, 22419,88950,0631,0822,383

541,811

2, 388,901

90,40288,2628,7704,69085,71244, 7042,127

Number of returns J_ .

Assets:2

Cash 3Notes and accounts receivable _Inventories _ __Investments, tax-exempt4

Investments, other than tax-exempt8

Capital assets—lands, buildings, equipment (less de-preciation)..

Miscellaneous assets.

Total assets-

Liabilities: 2Notes and accounts payableBonded debt and mortgages...Miscellaneous liabilities _ _C apital stock—preferredCapital stock—commonSurplus and undivided profits .Less deficit

Total liabilities.

Receipts, taxable income:Gross sales 6 . . .Gross profit other than tabulated as gross sales.Interest.- _RentsProfit, sale of capital assetsMiscellaneous receipts __



Statutory deductions:Cost of goods sold__Compensation of officersInterest paid.Taxes paid other than income tax..Bad debtsDepreciation. _Depletion _..Loss, sale of capital assetsMiscellaneous deductions

Total statutory deductions.

Compiled net profit (26 less 36). . .Statutory net income _.Net loss for prior yearIncome tax.Compiled net profit less income tax (37 less 40) _Cash dividends paidStock dividends paid



STATISTICS OF INCOME 157classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or atprofit or deficit, statutory net income or deficit, tax and dividends paid—Continued

classes in thousands of dollars]

SHOWING NET INCOME

i

100 to 250

| 25,649

! 256,867f 1, 036, 604

361, 56656, 307363,163

1,701, 778287,099

| 4,063,385

639, 614507, 335536, 535167,098

1, 519, 789800,131107,117

4,063, 385

3,457,990I 510,818\ 64,656

106, 58713, 39944, 463

: 6,1221, 650

4, 205,686

f 2, 701, 997196,19659, 02143, 59436,13388,467

* 2,8825,208

892, 455

4, 025, 951

179, 735171,96315,18213,227

166, 508101, 3496,241

250 to 500

12,120

279, 5201,088,179330,849106, 049510,860

1, 687, 606266, 375

4, 269, 437

534, 748510, 669762,490222, 768

1, 403,685921,00685,930

4, 269, 437

2,825, 069407, 57173,304108,05910, 22239, 465

9,2354,038

3, 476, 965

2,189, 483135, 97361, 96942, 33029, 83280, 7722,5807,502

741, 773

3, 292, 213

184, 751171, 47812, 98516, 550

168, 201114,2678,638


500 to 1,000

7,130

327,8991,189, 466340, 264176, 994753,423

1,876,309307, 517

4, 971, 871

503,178560,352

1,070,856271, 868

1,526,0961,113,943

74, 422

4,971, 871

2, 620,138387, 93082,044106,16612,43737, 967

13, 7936,643

3, 267,118

2, 007, 813104, 41367, 07544,48827,30984, 2084,2379,692

711, 701

3, 060, 936

206,182185, 74713, 58319, 393

186, 790137, 4268,324

1,000 to 5,000

6,403

857, 6932, 981, 322845, 252625, 742

2, 569, 767

4, 580, 980751, 366

13, 212,122

1,014,1711,326, 2983,338,328862, 556

3,662, 5643,103, 202

94,996

13, 212,122

5,524, 927719,028229, 228222, 73324. 66592,901

47,68525,441

6, 886, 609

4,103,155150,753171,135107, 74253, 409184, 6178,80424,725

1, 542,365

6, 346, 704

539,905466, 77826, 51352,203

487, 702383,04414, 314

5,000 to 10,000

926

420, 2251, 203,354357, 818341,163

1, 508, 260

2, 222, 656368,196

6, 421, 672

385,151671, 641

1,685,361404,075

1,711,7181, 589,836

26, 111

6,421,672

2, 058, 237452,648104,46077,80610,07939,068

28, 54913,976

2, 784, 823

1, 449, 61042,01776, 66645, 38418, 92482, 4626,96916, 633

758,848

2,497, 513

287, 310244, 7858,830

28, 348258, 963223,0467,350

10,000 to50,000

841

1,073, 2882, 705,394894,859851,540

4, 353, 633

6, 241, 4751, 335,821

17, 456, 010

870, 2242, 258, 0484, 659, 2411, 271, 7434, 684,1403, 794,006

81, 392

17,456,010

4, 889,4611,178,174248, 315101, 00617, 776105,151

111, 62442, 238

6, 693, 746

3, 368, 24474, 414202, 351123, 48938, 016

250, 84914,93232, 704

1, 848, 243

5,953,243

740, 503586, 64118,15568,186672, 317597, 84713, 720

50,000 andover

265

3,026,6048,230,5302,077,2812,341,188

23, 212, 750

26,126, 3043,186, 300

68,200, 957

3,478, 62910,017, 67124,597,6844,098,19914,593,59711,467,487

52, 310

68, 200, 957

10,852, 9495,074,1641,182,845157,46245,474252,344

613, 595118,304

18, 297,138

.7,872,75675,863792, 345448,48894, 642

858, 33932,29649,390

5,767,978

15,992,097

2,305, 0411, 573,142

16, 563187,178

2,117,8622,196, 728

14, 796

1

23456

7&

9

10111213141516

17

1811*20212223

2425

2

272829303132333435

36

37383940414243



TABLE 16.—Returns of corporations submitting balance sheets for 1931 by total assetsclose of fiscal year nearest thereto, compiled receipts and statutory deductions, net


PART 3. RETURNS SHOW-

Number of returns i . _

Assets:2

Cash3__.Notes and accounts receivable...Inventories _ _Investments, tax-exempti

Investments other than tax-exempt5

Capital assets—lands, buildings, equipment (less depre-ciation) .

Miscellaneous assets __.

Total assets.

Liabilities:2

Notes and accounts payable. . .Bonded debt and mortgages...Miscellaneous liabilitiesCapital stock—preferredCapital stock—commonSurplus and undivided profits.Less deficit

Total liabilities .


Gross profit other than tabulated as gross sales.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 sold___Compensation of officersInterest paidTaxes paid other than income tax.Bad debtsDepreciationDepletion-. _._Loss, sale of capital assetsMiscellaneous deductions

Total statutory deductions.

Compiled net deficit (26 less 36)Statutory net deficit (37 plus 24 and 25).Cash dividends paidStock dividends paid

174, 772,096


Total

237,893

29,424, 6889, 534, 5516,147, 532

40,857, 54769, 615,176

9, 785, 667

15,181, 20731,971,40045, 020,04611,736,85549,176,66728, 569,1706, 883, 248

174, 772,096

37,212,36211,629,0182,008,0131,144,820134,621730,813

1,070, 627320, 527

54, 250,803

30, 315, 4081,466, 2262,900,8681, 279,142815,816

2,211,497185, 677

1,388,97318, 816, 502

59, 380,110

5,129,3076, 520,4622, 248, 980

84, 758

Under 50

116,883

116,878557,597443,1698,73685,412859, 445

236,431

2,307, 669

933,604190,912182, 539120, 560

1, 727,303226, 588

1,073,837

2,307,669

3,320,734624, 26711, 53950,6124,54640,922

3,607370

4,056, 597

2, 684,420327, 65540,17042, 54053, 50983,0665,10770, 893

1, 269, 778

4, 577,137

520, 540524, 51720,1711,172

50 to 100

36,847

102,379590,122414, 90515,089143,326

1,109,107

257,256

2, 632,184

803, 273328, 776183, 427119,066

1, 431, 594298,667532, 619

2,632,184

2,474,343348, 74414, 37543,3693,535

30, 779

3,290373

2,918,808

2,016,412176,98844, 47829,83140, 59068,4211,14826,860818,100

3,222,828

304,021307, 68316,1201,471

1 Excludes returns for inactive corporations.2 See text, p . 31.3 Includes cash in till and deposits in bank.4 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 See text, p. 29.



classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or atprofit or deficit, statutory net income or deficit, tax and dividends paid—Continuedclasses in thousands of dollars]

ING NO NET INCOME—Continued


100 to 250

37, 779

233, 9121, 270,934773,20472, 621500,925

2,632,911

524, 252

6,008, 760

1,398,334874, 556721, 776339, 218

2, 790,041771,443886, 608

6,008, 760

3,868,851502,07448,183105, 7577,138

51, 349

11,4732,522

4, 597, 348

3,161,885237,118104, 53864,421

; 75,8501 121,430

3,51767,350

1 1,280,668

5,116, 777

519, 429533, 42439,3034,544

250 to 500

18, 932

275,2831,347,423705,182147,977792, 281

2,856,829

535,213

6, 660,187

1, 212, 5101, 036,4981,116,605433, 522

2,625, 347948, 236712,532

6, 660,187

3, 024,825442, 09369, 796113, 7607,362

49,172

18,2047,372

3, 732, 583

2,477, 702159,798116,72764, 70462,027108, 8473,787

69, 0371,105, 704

4,168, 332

435, 749461, 32544, 3073,553

500 to 1,000

12,205

393,7131,702,816751, 555270,083

1, 342,9813, 412, 376

685,469

8, 558,994

1, 262,3201,233.9681, 867,404637, 740

3,026,9981,277, 229746, 665

8,558,994

2,953,474530,256103, 907121,9868,89254, 781

26, 53711, 843

3, 811,676

2,437, 597130,953146,48872, 54280,170123, 8276,19281, 251

1,191,110

4, 270,130

458,454496, 83460,1144,745

1,000 to 5,000

11,942

1,209,4784,684,3141, 593,151973,850

5, 673, 7948, 859,407

1,749,290

24, 743, 285

2, 696, 0953, 322.3356, 515, 2051,917, 8257, 674, 7584, 015,1571, 398,091

24, 743, 285

5,636,9141,144,065338,595259, 22122, 293130, 702

131,32145, 296

7, 708,408

4, 586,370202,460396,540173,103162, 646311, 81722, 628291,853

2, 639, 822

8, 787, 239

1, 078, 8311, 255,448207, 70812,057

5,000 to 10,000

1,662

634,3632,107,168584, 520534, 607

3, 001,1124,017,910

663, 823

11, 543,504

1,007, 6871,759,8723,180,082879, 839

3,189, 2401,979,908453,125

11,543, 504

1,943,152441,155160, 66896, 2467,53953,988

76, 29824, 594

2, 803, 639

1,555,95756, 592186,49673, 64870, 631134,56110, 952153, 005986,884

3, 228, 726

425,087525,978121,9344,043

10,000 to50,000

1,276

1,408,2804, 346,1001, 246,1861,236, 3787,417, 0778, 615,575

1,441,590

25, 711, 187

2,109, 6754, 023,9017, 201, 5642,450,9696,483, 6334,136,409694,965

25, 711,187

4, 711, 4731,118, 551329, 597146, 60116, 363103,951

176,00768, 857

6, 671, 399

3, 804,12387,006399,172154,31792,672317,99423, 729259, 738

2, 308,977

7, 447, 727

776,3281, 021,192281,98936,415

50,000 andover

367

5, 032,65012,818,2143, 022, 6802,888,19121,900, 63837, 251, 615

3, 692, 340

86, 606, 327

3, 757, 71019,200, 58124,051,4434, 838,11520, 227, 75314,915,531

384, 806

86, 606, 327

9, 278, 5966, 477, 812931,355207,26956,953215.169

023, 891159, 300

17,950, 344

7, 590, 94387, 656

1,466,259604,036177, 721941, 535108,618368,986

7, 215,459

18, 561, 212

610, 8681, 394,0591,457, 333

Wt 757

1

234567

8

9

10111218141516

17

IS1920212223

2425

26

272829303132333435

36

37383940

6 For cost of goods sold, see Statutory deductions.7 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 divi-dends on stock of domestic corporations as reported in Schedule L of the return.

s Deficit.


TABLE 17.—Corporation returns for 1981 with balance sheets by major industrial groups and by total assets classes, showing selected Herns ofassets and liabilities as of Dec. 81, 1981, or at close of fiscal year nearest thereto, selected 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]LFor text defining certain items and describing returns included, see pp. 1-4]

o


Num-ber of

returnswith

balancesheets

Cash,*notes

and ac-countsreceiv-

able

Inven-tories

Capitalassets

(less de-precia-tion)

Totalassets—Total li-abilities

Notesand ac-countspayable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common

Surplusand un-dividedprofits

lessdeficit

Grosssales

Grossprofitsotherthantabu-

lated asgrosssales

Totalcompiledreceipts 2

Compilednet profitor deficit3

Statu-tory netincome or

deficit

Cashdivi-

dendspaid

AGKICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NET INCOME

Under 50 ..50-100 .100-250 .250-500500-1,0001 000-5,000 i5,000-10,00010 000-50 00050,000 and over 4Classes grouped

Total .

87731235514078

4 59

* 1

1,822

3,6303,4688,1297,8468,956

55,176

87, 205

1,9632,4565,8044,8383,623

12, 518

31,202

12, 93113, 43035, 23429,02533, 832

227, 886

352,338

20,41822,11256,10148,89055,049

360,608

563,179

4,4724,08510, 5825,4435,967

13,552

44,100

1,8652,3954,7653,2382,156

11,721

26,140

326302

2,0761,2631,134

5,818

10, 920

12,95812, 43829, 53124, 51726, 788

59, 023

165, 254

6 7711,8096,83712, 01813, 947

219, 913

253, 753

14, 59311,16820,91114, 58010, 974

25,171

97, 397

1,635647

1,709804

1,365

86,857

93, 016

16,93812,31124,01717, 05913, 483

121, 966

205, 774

1,280803

1,8021,7091,571

6, 767

13, 931

1,268784

1,7331,5691,476

6,217

13,047

286475768

1,7121,440

15, 081

19, 762

AGRICULTURE AND RELATED INDUSTRIES—RETURNS SHOWING NO NET INCOME

Under 5050-100 . . _100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050 000 and over

Total

2,3241,0551,180553336264258

5,745

6,1517,04919, 31319, 53222, 67249,63416, 75231,148

172,251

6,4749,028

22, 51021,03924,15730, 7484,7365,136

123, 828

36, 35152, 743123, 524128, 646143, 825317, 21697, 71381, 325

981, 344

52, 76076, 406186,000192,346231, 249510,135159,764163, 997

1, 572,655

22,08023,79054, 95246,35951,98286,72016,07016, 015

317,968

7,42710, 22822, 70825, 95727,16858, 67730, 28231, 561

214,006

1,6122,4596,0806,68713,17825, 7971,80515,143

72, 760

43, 25647, 951106, 89098, 202110, 572222, 26744,95552,402

726,497

5 23, 286s 13, 7006 18,004

9209,668

72, 65154, 87936,065

119,194

21, 28415, 73235, 91529, 65027, 91747, 59413,13921, 581

212, 812

2,9902,0743,5482,4363,4283,232695

5,283

23, 686

24, 95718, 69541, 72335, 07334, 47758, 26117, 34630, 263

260, 795

s 9, 608s 7, 6445 17, 230s 11,3695 11,852s 19,1315 2, 700s 4, 777

s 84,310

6 9, 6415 7, 669

, 5 17, 370s 11, 8456 12, 5018 21,075s 4, 073« 5, 218

s 89,390

139305579855525

1,7221,090498

5,712

t 1J2JOOg


MINING AND QUARRYING—RETURNS SHOWING N E T INCOME

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000-..50,000 and over.

Total

1,07746955932120522737293

2,927

5,1106,13813, 60817, Ol-IS, 53752, 87723, 44565, 78627, 775

230, 292

646666

2,0953,0432,05015, 4508,255

34, 68615, 311

I82, 202

14,42121, 32557, 27974,92595,451309,410181, 893327, 771202, 544

1, 285, 018

22, 79032,97687,499115,445145, 296471,325251, 756566,435287,445

8,432

13] 31512, 02311, 52831, 84012, 70221, 03821, 382

138, 258

547842

3,5594,3293,977

21, 71512, 44530, 23583, 852

161, 502

8912,0183,1214,6224,25320,31017, 29626, 0412,196

80, 747

29,09357, 93382, 56079, 521

213, 79497, 024240,85083, 794

913, 376

s 19,806« 8, 5511,410

5 2, 29836,164156, 36692, 628186,86976, 607

519, 388

14, 73218, 26439,40843, 94247,575123,01348, 386167, 598135, 467

638,386

3,6482,2023,7762,8263,97310,0813,0476,189293

36, 034

20, 07221, 74846, 45349, 97055, 323143, 59555, 729185,490140, 7

719,177

3,2102,2445,5956,8287,79519,7394,93924, 9064,571

79, 827

3,1722,1905,4766,6217, 57916, 6273,81819,4703,640

68, 592

2,3411,9364,1125,0987,19619, 2156,834

25, 4059,093

81, 230

MINING AND QUARRYING-RETURNS SHOWING NO NET INCOME

IOW

O

2

§

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000—.50,000 and over

Total

2,1461,0031,2727285867091028122

6,649

7,3348,36020,57024,59133,480117,67648, 863106, 276247,554

614,706

1,2081,8694,8295,65610,11632, 74216, 70455, 895

262, 557

391, 576

30,176

145,445170, 767272, 581

45, 06271,163

205,139256, 630415,946

986,059 1,490,524489, 059

1.020,2042,184, 771

»,3641. 515, 2463, 374,068

24, 39821, 33246, 39845, 67557, 201

166, 68146, 472

100, 363202,179

5,7032,726

12, 79517, 64133, 314

138,13775, 518

200,351348,563

391,576 5,347,949 8,069,142 710,700 834,747 482,957 4,086,4951,256,330 1,306,905

5,2752,8407,796

18, 22630,14696, 50739, 421

101,353181, 393

82, 43669,483

171, 501181, 238264,888882, 06G372, 337614,033

1, 448, 514

s 75, 815s 33, 644s 58, 3075 34, 424s 39,594

53,002123,492398, 576923, 045

20, 21418,98042,97248,28557,674)

173,84398,489

246, 761599, 688

3,8673,2475,2224,7655,8369,6464,1334,895

24, 422

66, 035

25,12323,71951,10757, 02368,347

200, 524110,815269, 554665, 780

1,471, 992

5 16,1555 8,306

5 17, 0345 14, 823« 21,479s 58, 7435 13, 8885 51,1205 80, 242

s 281, 790

5 16,1865 8, 3685 17,203s 15, 5825 22, 2135 62,631s 17,775« 54, 323« 98, 820

« 313,101

719647

1,1992,9532,298

10,97814, 7018,368

47, 257

89,120

TOTAL MANUFACTURING—RETURNS SHOWING NET INCOME

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050.000 and over

Total

11, 2244,6185,0222,5041,6161,488

225222

87,106108, 529233, 744235,001278, 939675,136313,563843, 205

63 2, 537.805 1,

40, 29453,863133,199144,899184,038500,251235,189640,134335, 449

90,131

303, 847338,923431,051

1,159,069553,145

1, 755,3564,009,

248, 958332,130800, 744887, 591

1,121,9473,094,7091, 537,0444, 780, 201

144 11, 770,335

55, 90764,300126,128113, 934114,861229, 28183, 942238,889986,561

26, 982 5, 313, 029 3,267, 316 8,759,363 24,573,659 2,013,802 1,447,857 2, 415,470 9,380,942 7, 675, 348 19,889,311

7,92514,79137, 29238, 77545, 622134,44682, 073253, 429833, 504 1,

7,41212,18851,16572, 936108, 614364,762165, 384495,423

L, 137, 585

138, 575159,932360,321352,807430,320

1,102, 732 1510,116

1,883, 958 14, 442,181 3,444,

24, 77463, 663191,037276,824379,205,114,366603, 794

,576,738:, 946

590,820609,162

1, 245,0271,182,4731, 305,0962, 928, 0631,191,6843,181, 6507, 655, 336

8,1815,9608,38:4,7627,05213, 78213, 5^17,15484, 079

604, 065621, 470

1,269,5401,205,4011, 335, 7643, 003, 7661, 235,8693, 325,1148,170, 546

162,924 20, 771, 535

20, 25122,00551, 65061,02780,088219, 692124,886323,608792, 871

1, 696,078

20,14021,69950,52658, 74976, 282

206,203116, 793280,753618, 611

7,19210,05829,87938, 59656,534154, 652102, 933285,857805,930

i, 449, 756 1,491,631



TABLE 17.—Corporation returns for 1981 with balance sheets by major industrial groups and by total assets classes, showing selected items ofassets and liabilities as of Dec. 81, 1981, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued

[Money figures and total assets classes in thousands of dollars]

to


Num-ber of

returnswith

balancesheets

Cash,*notes


able

Inven-tories

Capitalassets


Totalassets-Total li-abilities


Bondeddebtand

mort-

Capital stock

IPre-

ferred Common


lessdeficit

Grosssales


lated asgrosssales




deficit

TOTAL MANUFACTURING—RETURNS SHOWING NO N E T INCOME

Cashdivi-

dendspaid

I9OGO

2o

g

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000_.-50,000 and over

Total

24, 7628,4718,9184,6012, 8362,727

393340

53,124

137,158145, 832304,823306,198350, 080879,404, 918959, 504

76 2, 476, 596 2,11

188,624236,605580, 543696, 869850, 317

2, 589, 2101, 329, 8853, 522, 3829, 532,152

5, 964,144 5, 735, 745 19, 526, 587

97,392121,107289, 269323, 529382, 744015, 76:427, 567960, 555

7,817

499,454608,329420,130621,173981, 036659,181723, 879838, 222876, 264 1.

39, 227, 667

197, 671183, 622350,877338,146332,176710,148258, 081612, 325, 019, 913 2,

27,50038,85392,745110,672125,329446,206284,958790, 205 1,, 216, 220 1

37,68742,089133,493173,151249,169812, 593408, 752045, 225, 565, 941

407, 834386,006806, 578814,050921,012

2,422, 5061,031,6532, 665, 002 1,6, 610, 290 4,

4, 002, 960 4,132, 688 4, 468, 099 16, 064, 930 7, 635, 004 21, 543, 362

208, 793s 81, '5 48,35184, 278

245, 206968, 476563,374222,083890, 599

846,497738,737

1, 379, 8151, 291, 8721,411,9743, 327,9051, 337, 3573, 323,1777,886,030

14,8868,250

12, 5329,23111,09116, 2328,109

36,159339,681

869, 511755, 294

1, 413, 5561, 323,9611, 453,1333, 435, 7701, 394.9083,485,1538, 631,626

456,169 22, 762,912

« 124, 6385 88,744

5 174,1305 161,8155 170, 754s 428,9135 162. 4495 359; 3715 333, 246

2,004,059

5 124, 875* 89,081

5 175, 6485 164, 325s 174, 2475 446, 4545 171,3585 396,800s 477,173

2, 219,962

4,3334,612

11,75114, 71721, 54871,09438, 298

106,012511,956

784, 321

M A N U F A C T U R I N G : FOOD PRODUCTS AND BEVERAGES—RETURNS SHOWING N E T I N C O M E

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000—.50,000 and over.

Tota l . - . .

2,3141,0551,079

513311247

363915

5,609

12, 61016, 70335, 49435,45947, 722

100, 68042, 276

132,295328,465

751,703

6,2607,828

19, 63620, 40430,10467, 75727, 214

102,014216, 262

497,479

30,19042, 04992, 41495, 30097, 632

236,87199, 292

356,799686, 096

1, 736,642

54, 84776, 296170, 391181,172215,171515, 653245,367876,778

1, 795,109

4,130,786

11,19412,90825, 91121,89623, 77737, ,r13,36562, 515

111, 789

320,744

2,3964,34311,61612, 57410,83434,12514,76856,586169, 670

316,912

10, 97415, 46717,63272,88527,864114,321177,332

439,996

37,75,75,84,170,92,

329,719,959

7,87715,04039, 72148, 71170,116

183, 21386,643268, 256476, 780

1, 613,620 1,196,358

134,081141,305284,883276,210323,664659,747266,803893,882

2,230,847

5,211,423

1,015720852712979

1,3412,9743,6339,146

21,371

135,962143,476288, 747280,108328,440669,755273,894917,471

2,283,911

5,321,765

5,1615,89512,98414,37417,83636,06726,12766,823165,130

350,395

5,1335,825

12, 66713,62517,02734,41025,00459,049152,068

324,808

2,6152,8176,8788,75910,90725,96116,93657,366136,989

269,228


MANUFACTURING: FOOD PRODUCTS AND BEVERAGES—RETURNS SHOWING NO N E T INCOME

Under 50^0-100100-250250-500500-1,0001,000-5,0005,000-10,000-...10,000-50,00050,000 and over

Total

3,0731,1781,15650325522832417

6,473

12, 39114,94130, 34828, 70128, 28760, 20026, 39092, 370241, 589

535, 219

9,19413,46131, 49131,07127, 85874,63730,96298, 017147,974

464,665

35,27543,63894, 64586,98584,191205,998124, 557405, 698324,944

1,405,931

65,20383, 719182,954174,202173,334454,665230,234758,344934, 567

3, 057, 221

26,00628,08449, 25846, 85335,23680,97127, 34192, 233165, 714

551,696

4,4327,44716,12913,88515, 37060,39343,125146,807191,805

499,392

2,0604,90114,93215, 29319,43973,67943,008139,813180,896

494, 021

48,42657,114103,11284,40978, 580188, 57681,338249,498246, 234

1,137, 287

s 20, 046s19,228« 11,850

5 63714, 33033,13024,95999, 637131,433

251, 728

130, 508123,431237,633200,042209,474412, 276148,929506, 339

1,872, 457

3, 841,089

1,309663749653839

2,882227

4,0838,212

19,616

132,722125,104241,073203, 004213,747422, 803154, 287520,990

1,902,905

3,916, 635

s 11,764s 10, 283s 17,8315 14, 2045 13, 0235 46, 8315 9,3945 36,268s 27,705

« 187, 304

s 11, 785s 10, 3175 18,0595 14, 545s 13, 3455 48, 2555 9,8255 39,198s 31,146

5 196,475

640357

1,1231,4061,9704,4451,509

12, 2065,599

29,255

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NET INCOME

Under 50 .-50-100100-250250-500500-1,0001 000-5,0005,000-10,00010,000-50,00050,000 and over

Total

36163391020474

139

265409

1,5581,0131,925

10, 2527,591

25, 613221, 649

270, 274

218384

1,8991,1602,616

20,0708,70160,877262,103

358,027

120209856396559

7,3322,41718,35155,025

85, 265

6671,1605,2932,9486,43651,36627, 284181,866737,340

1,014,360

150347911438781

4,517921

4,36213,133

25, 560

199254

1,073339

8,36048,917

58,854

24209563723328

7,5293,000

32, 78686, 521

131,682

342455

2,572962

3, 05519,1896,37455,896

343,109

431,954

140123908667

1.98417, 66415,79447,332220,408

305,020

1,5502,1508,6874,8588,978

64, 55722, 37497,706861,101

1,071,962

2631

53567395

1,045

1,5862,1638,7624,8759,11964,90422,819101,693870,893

1,086,816

10362556194451

5,9302,42815,131125,547

150,403

10362525186433

5,8202,183

13, 904119,211

142,427

6918

32863

2263,5731,38912,40080,384

98, 449

MANUFACTURING: TOBACCO PRODUCTS—RETURNS SHOWING NO NET INCOME

Under 5050-100 .100-250250-500500-1,0001 000-5 0005,000-10,000''10,000-50,000 4.50,000 and over *Classes grouped

Total

9030261351042424 1

179

679537

1,383901489

3,575

47,148

54,710

545648

1,2581,7031,0185,442

40,540

51,154

294588856947469

2,841

24,103

30,099

1,7202,1994,1964,5803,03016,821

124,524

157,069

802445

1,2471,171301

2,478

27,619

34,063

1714030

760

30,603

31, 550

173137215

1,110500

3,978

15,492

21,605

1,3521,6232,3801,9491,3557,167

29,380

45,206

5 798»27011250

8372,230

11,655

13,816

3,6852,3225,5203,7091,77316,189

57,443

90, 640

8

2

37

2,083

2,102

3,9032,3475,5853,7301,80916,524

62, 763

96, 662

«2525 162«3185 3466 3555 548

6 3,207

s 5,187

5 252« 1626 3245 3465 373« 569

5 3,453

6 5,480

3037371366

448

7,406

8,333

o

3a

g






Num-ber of

returnswith

balancesheets

Cash,inotes


able

Inven-tories

Capitalassets



Notesand ac-counts

payable

Bondeddebtand

mort-

Capital stock

Pre-ferred Common


lessdeficit

Grosssales


lated asgrosssales




deficit

Cashdivi-

dendspaid

Under 50...50-100100-250250-500500-1,000 -1,000-5,0005,000-10,00010,000-50,000 450,000 and over 4

Classes grouped

Total

2,12869973536825720722

* 184 1

4, 435

MANUFACTURING: TEXTILES

22, 04523, 43145,16240,19649,127

102, 30331, 651

80, 615

394, 531

9,46911,34925, 37526, 53535,17984,51334, 755

77,119

304, 295

9,50710, 64135, 50747, 72371,611

180, 79353, 050

218,156

626,989

44,18850, 039

118,162129, 742181, 283440, 825150, 671

534,243

1,649,154

AND THEIR PRODUCTS—RETURNS SHOWING

12,54513,53126,14524, 05923, 07540,037

9,651

9,214

158,258

7051,2234,0714,0455,228

10,8975,245

7,428

38, 841

1,2602,1106,169

10, 77722,38259, 21624, 724

35, 324

161,961

23,05623,26352,56754,40669,456

167, 51647, 648

227, 792

665, 704

3,8587,704

22,89334,12556,646

146,29557, 581

195, 407

524, 509

189,086161,810294,337254,970270, 430475, 575127, 279

285,442

2, 058, 929

NET INCOME

881202699404791794

2,060

3,761

9,592

190,898162,954297, 511258, 355274,824484, 306131,990

295, 757

2,096, 597

3,2802,9456,1747,885

10, 35526,184

5,592

18,439

80, 855

3,2732,9236,0907,752

10, 07324,851

4,918

16, 555

76,435

373968

2,3604,1156,000

15,0353,868

29,481

62, 200

MANUFACTURING: TEXTILES AND THEIR PRODUCTS—RETURNS SHOWING NO N E T INCOME

Under 50 . .50-100 .100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000 450,000 and over 4Classes grouped

Total

4,3651,2391,211

70047149364

4 504 1

8,594

32,00531,92056,81356, 73363,161

157,59369,741

145, 976

613,942

21,95824,18847,14355,86072,160

208, 60675, 467

171, 880

677, 263

19,93822, 95365,961

103, 718145,260501, 042212, 742

471, 501

1,543,113

81,61288, 940

192, 981250, 516326, 946

1, 019,140431, 763

960,050

3,351,948

35, 41631, 72364, 60958,38761, 320

147, 53940, 074

63, 873

502,941

2,3613,817

10, 78612, 70213,89849. 64917, 928

70,600

181,741

6,7888,847

24,45332,42948, 870

170, 31871,379

188,139

551,223

71, 75857,609

117,393123, 603160,915467,895174, 918

381,068

1, 555,160

5 41, 324s 17, 2205 35,902

9,23325,125

149,06892,966

207,341

389, 287

270,510206,391327, 544308,940325,174761,935283, 728

539,153

3,023, 374

1,851649847595

1,0772,2161,473

5,860

14, 568

274,236208, 622332,090313, 304331,126780,935293, 349

561,486

3,095,147

5 28,8545 19,1695 32, 6475 27,2305 31,9205 81, 4445 33, 369

s 64, 282

« 318,915

5 28,898«19,225»32,836»27, 5125 32, 367»83, 7868 34, 438

fi 67,594

8 326,656

590960

2,0512,5033,697

12, 3498,470

11,469

42,090

32( iOCO

3oo


MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETURNS SHOWING NET INCOME

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010 000-50 000 4

50,000 and over 4.Classes grouped

Total

Under 5050-100100-250 - .200-500500-1,000 _.1,000-5,0005,000-10,000 -__10,000-50,000 -50,000 and over

Total

Under 50 - -50-100100-250250-500500-1 0001,000-5,0005,000-10,000 4

10 000 50 00050,000 and over 4

Classes grouped. _ _ _

Total-

2661331456232355

444 1

683

2,9294,505

10,1138,6556,698

21, 9639,530

71, 789

136,181

1,5802,3576,1045,9747,768

20,40713,160

46, 519

103,870

1,2901,7144,5924,0415,285

12, 4888,127

46, 593

84,129

6,3809,392

22, 77522,41821,65369,49334,148

182, 976

369, 234

1,7192,3364,9263,2173,5616,8565,475

4,181

32, 271

MANUFACTURING: LEATHER AND ITS

5712042611378279127

1, 353

592722264

1744

12

161

4,0594,709

12, 69012, 734]3,88233, 85810,26814, 280

106, 480

471504948

2 016469

9, 321

161, 566

175,295

4,0424,396

12, 51014,19116, 46753, 69827, 55543,686

176, 546

2,9224,040

11,01812. 46315, 60640, 76318, 59339, 562

144, 968

12,39414,85541, 69247, 55258, 246

161, 24781, 690

112, 532

530, 208

4,8764,6929,867

10, 2338,637

29, 0818,847

10, 635

86, 868

60244475309460

1,439591

3,578

166515

2,3081,9314,208

10,9735,893

27, 976

53, 969

3,6064,4019,0867,8577,507

24,45111,070

97, 529

165, 508

5281,5124,8638,4164,876

21, 60910, 733

47,987

100, 525

MANUFACTURES—RETURNS

328721

2,0302,1601,7799,7113,5134,738

24, 980

2,153999

4,5066,998

12, 53331,82420, 35547,972

127, 340

12,4549,449

22,96825,23027, 65865, 04122,63041,663

227,094

5 8,166s 1, 624

2871,0985,530

20, 78822,9435 2, 552

38, 303

21,85032, 79767, 77248,17233, 58798, 72536,043

188, 221

527,167

803827

75122305

99

746

22,09133,12668, 62848,91834,182

100, 43236,916

190,434

534, 727

557710

1,5921,529

9125,6691,635

17,633

30, 237

SHOWING NO NET INCOME

29,13128, 74061, 29255, 24056, 971

143,47565, 70790, 987

531, 543

15719

22611935

1441,027

595

2,323

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NET INCOME

236353610

1 437557

6, 231

63,145

72, 571

429720

1,4724,409

83616, 353

136, 570

160, 789

1,2861,8713,3079,1182,893

38,886

489,894

547,256

442361766

1,090161

1,995

103,148

107, 963

4041

128449

15400

80,466

81, 540

3061

365501

6,798

133,837

141, 592

682905

1,1814,2282,089

17, 267

44,531

70, 888

35450786

2,641258

11,881

109,924

125, 974

3,2732,9985,888

11,8033,028

41, 223

312, 249

380, 462

13

15

1,248

1, 266

29,70929,05262, 45556,40058, 366

147, 26168, 22893, 505

544,976

3,2953,0265,941

11, 8933,068

42,197

327, 630

397,050

s 4, 508«2, 6955 6,1815 5, 366s 7,165

s 18,1705 7,105

s 11,053

s 62, 242

147120247718188

2,862

11,163

15,445

556707

1,5801,487

8925,4851,559

17,443

29, 709

5 4, 532s 2, 699s 6,2215 5,450s 7, 336

5 18, 6965 7,259

s 11,137

5 63,328

146118223704188

2,721

9,562

13,662

137188529565545

3,4911,429

16,081

22, 964

Si184 H3258 M253 2490 H941 O

2,044 &898 _357 O

5,425 3OO

186157

240332

1,627

16, 414

18, 750

For footnotes, see p. 177,

s*



[Money figures and total assets classes in thousands of dollars!


Num-ber of

returnswith

balancesheets

Cash,inotes


able

Inven-tories

Capitalassets




Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales


lated asgrosssales




deficit

Cashdivi-

dendspaid

MANUFACTURING: RUBBER PRODUCTS—RETURNS SHOWING NO NET INCOME

Under 50.50-100.100-250250-500500-1,0001,000-5,000—5,000-10,00010,000-50 000 4

50,000 and over 4

Classes grouped

Total .

1324265243030

5«9«2

339

688784

2,0271,3773,1449,6465,474

117,400

140, 539

498598

2,5931,1483,843

10, 2824,741

66,482

90,186

8291,3634,4953,7609,781

30,67120,081

218,011

288, 993

2,3203,117

10, 5648,646

23,35360,86534,264

607,883

751,011

1,534999

2,6142,9652,1788,1937,840

43,493

69,816

1,226236721778

1,1945,9002,551

157, 622

170,228

6, 524367994816

3,94912,045

2,858

82, 950

110, 502

3,7572,1686,1115,0819,829

27,13519,088

342, 299

415,468

5 11,080s 1,008

5 3716 1 , 715

5,6326,621

987

5 41, 301

5 42,234

3,3703,293

10,6415,151

18,22745,50317,253

296, 079

399, 516

2231

18265

34

4,442

4,768

3,4003,391

10, 7215,216

18,49146,22617, 566

310,186

415,198

5 2,3065 619

s 1,1466 1,3745 1, 7145 4, 6945 2, 519

«19, 907

6 34, 278

5 2, 3065626

5 1,1525 1,3825 1, 7675 4, 7645 2, 546

s 23,388

5 37, 931

368

6746

269915251

6,526

8,118

MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NET INCOME

Under 50. -50-100100-250 .250-500500-1,0001,000-5,0005,000-10,00010,000-50,000. .50,000 and over

Total

4802623211269165

63

1,354

3,9406,509

15, 79612, 75915, 70526, 7303,8404,449

89,727

2,6354,176

11, 2439,966

12,09620, 5305,3658,783

74, 795

4,2036,366

18,06516, 77821, 95651,24522, 23930, 560

171,412

11, 57418,56950,76045,43561,290

127,35544,04659,316

418,345

3,0364,1348,9106,0236,515

10,4003,9125,998

48,929

398582

1,9591,4072,1376,774

254325

13,835

187440

2,9693,3864,709

14, 923817

5,962

33, 395

6,9169,701

24, 26820,56923, 99246,09510,15226,254

167,947

4752,779

10, 23712,33722,41743,30126,01410, 210

127, 770

21,14725, 54961, 53949, 28250,95183, 756

7,34913, 258

312,831

200252363

26386507437

56

2,226

21, 56026,19463,13650,21952,62786, 779

9,08915, 007

324, 611

7341,0022,4821,8332,6215,7771,124

624

16,197

732985

2,4531,7622,4675,470

591226

14, 684

251524

2,0441,1853,5774,9511,165

421

14,120

}—I

o

o2o

i


MANUFACTURING: FOREST PRODUCTS—RETURNS SHOWING NO N E T INCOME

Under 50-50-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over

Total

1,572818

1,078570344332

4323

3

4,783

9,08314, 61237,35840,81841, 97392, 78337,87349, 61038,459

362, 568

8, 51814,49344,37747, 61155, 096

114,84929,52538,93419, 265

372, 667

14,93024,79871, 23283, 345101, 236352,244191,195298, 907202, 581

1, 340, 468

35,83159,789173, 089200, 316239, 232675, 794305,389456, 556328, 238

2,474, 233

15, 87219, 03145, 36242, 90243, 30890, 47139, 41630,1584,900

331, 420

2,9394,45311,41711,98514, 27758,43828, 29767, 54952, 308

251,663

1,4942,6269,65915,86119,03168, 76419,62727,413

164,474

35,13737, 503100,312101,945131,242278,845121, 749152, 37063, 270

1,022, 373

s 21, 556* 8,3915 3,89215, 78220, 516134, 55979, 547132,144200, 553

549, 262

42,29651,899

123, 243121,304114, 783257,44477.368

100,19455,077

943, 608

308566556791

J,4801,568

8162,2262,046

10,357

43,16453, 384126,264125, 251119, 653270, 37682,845113, 04460,987

994, 967

5 9, 2045 9, 581

5 23, 284

5 24! 0265 51, 5145 17,439s 19, 703s 10,384

5 186, 920

s 9, 228s 9, 5976 23,3915 22,1225 24, 2545 52,8145 18, 234s 20, 7815 11,398

6 191,820

758353

1,6381, 8853, 3166,8572,4492,68191«

20,853

MANUFACTURING: PAPER, PULP, AND PRODUCTS—RETURNS SHOWING NET INCOME

Under 50W-lOO100-250 _ -250-500W0-l,000 . --1,000-5,0005,000-10,00010,000-50,000 *50,000 and over 4

Classes grouped

Total

19811638196859115

4 1642

800

1,8892,9207,7977,707

11,97230,16713, 725

45, 713

121, 892

1,0451,6065, 6416,613S, 830

25,41712,181

53,166

114,499

1,7262,780

12, 92115,41727, 682

100,82552, 892

243, 344

457, 589

5, 2098,435

29, 56934, 57759, 756

194. 70599, 765

446, 328

878,343

1,0951,5134,7583,8495,076

13, 3284,931

12, 304

46, 856

116279

1,5031,8972, 5149,5498,582

29,938

54, 379

258426

2,1663,1305, 235

16,8509,788

72,969

110,822

2,5374,094

13,11812,21823,10679, 35826,913

165, 899

327, 242

9941,7257,010

11,81722,00466, 54445, 282

151, 281

306, 657

10,96815,31546,75046,13466, 327

164, 37357,998

207, 534

615,399

3656432056

226193

277

907

11,10715,50247,29346, 78367,530

167, 52859,207

213,183

628,133

389460

1,8812,5384,905

13,4004,930

12,072

40, 575

388454

1,8552,4754, 594

12, 6054,761

9,892

37,025

126205

1,1361,2543,032

10,1073,336

13,217

32,413

MANUFACTURING: PAPER, PULP, AND PRODUCTS—RETURNS SHOWING NO NET INCOME

o

oo

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,0005(3,000 and over

T o t a l - .

8, 32513,50031,23446,11963,918

241,304107, 430360,183657,346

529, 361

4,0483.1076, 7097,782

10,10226,0666,290

31, 40859,606

155,118

262588

2, 5663, 6645,436

34,16526,12157, 438

136,317

266, 557

3761,2093,5254,7746,351

29,11821, 38968, 335

114,206

249,284

6,3997,752

16, 72620,19225, 46394,09038, 407

139,020197, 353

545,401

5 3,350218

984,920

14, 26447,05512,90742,077

120,517

238,707

14,83116,91434,80040,13946, 280

141, 25150,929

138,273100, 737

584,154

103195192

342

575412

1,995

3,291

15,05217,14735, 26940,60247, 222

143, 79452, 243

144, 348132, 269

627,946

s 1,9645 1, 4023 3, 433s 3,1085 4,109

5 12, 6475 4, 394

s 10, 7535 3, 383

5 45,192

5 1,9655 1, 4435 3, 4535 3,1525 4,201

s 13,1535 4, 415

5 12, 201« 8, 723

5 52,705

68138330477530

2,096246

2,6076,707

13,199



yjxu x . . v>f./,." wri,,.. , .c.,,,0 ^v,, ^ ^ iwVfr balance sheets by major industrial groups and by total assets classes, showing selected items ofassets and liabilities as of Dec. 31, 1931, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued

TABLE 17.—Corporation returns for 1931 with balan



Num-ber of

returnswith

balancesheets

Cash,*notes


able

Inven-tories

Capitalassets


Totalassets—Total li-abilities

Notesand ac-counts

payable

Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales


lated asgrosssales


Compilednet profit

or deficit 3


deficit

Cashdivi-

dendspaid

Under 5050-100100-250 , -250-500500-1,0001,000-5,0005,000-10,00010,000-50 000 4

50,000 and over 4

Classes grouped

Total

MANUFACTURING: PRINTING,

1,96368061930120315933

*21« 1

3,980

14, 87215,41828,49026, 61334, 71773,93039, 820

61, 206

295,066

2,8253,5177,4197,438

10, 31225,03911,942

30,190

98, 681

18, 53317, 50234,07237, 51651,882

110, 54282,189

152, 887

505,123

P U B L I S H I N G , A N D A L L I E D I N D U S T R I E S - R E T U R N S SHOWING

43,10648, 29496, 624

105,982142, 391316,160221,802

455,895

1, 430, 254

7,9047,179

12, 71910,95714, 33428,3169,855

43,134

134,398

1,6331,9315,1326,595

10,08224,52924,447

43,474

117,823

1,0571,5574,3136,523

13,06629, 99917,705

55,555

129, 774

22,10823,00040,87638, 99246, 30384,99047,641

136,580

440,492

8,05112,09328, 30235, 97450, 276

124,634103,335

137, 772

500,437

67, 50460,659

108,826110,189138,406259,024160,083

294, 448

1,199,140

4,5444,0974,4901,9841,5871,2003,408

1,810

23,119

r N E T I N C O M E

72, 75165,614

115,027115,249144,081269, 828166,943

309, 750

1, 259, 244

3,3363,0676,6888,259

12,15025,37721, 357

41, 970

122, 203

3,3212 9846,4547 875

11,44424,02320,369

37,468

113,939

1 4531 8254 4686 0888,552

16,49914, 694

39, 976

93, 554

MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED INDUSTRIES—RETURNS SHOWING I

Under 5050-100- . .100-250250-500500-1,0001,000-5,0005,000-10 00010,000-50,000 4 -50,000 and over *Classes grouped

Total

3 853927676258140999

*12*1

5, 975

22, 85716, 75824, 89818,58720,63935,76010, 754

280,047

430,301

6,3296,398

11,94411, 5018,722

19, 4225, 548

12, 658

82, 521

33,98126,93540, 22435, 29536,44361,48416, 376

158,936

409, 674

76, 29364,935

104,14289,03399,607

194, 44764,901

910,373

1,603, 730

28, 21818, 62424,19621,44623, 29827,0057,930

284, 451

435,168

5,7554,0867, 535

10,0969,437

22, 64711,441

121,803

192, 799

3,4644,4287,4657,640

10,36627, 79811,063

15,901

88,125

50,88536, 51851,82035, 56636,12855,93019, 385

159, 557

445, 789

5 18, 2255 4, 721

5, 2927,1018,200

47,95712, 653

297,771

356,029

106, 93176, 877

103,09576, 43477, 288

132, 57538,033

285,060

896, 293

9,0244,8197,8514,6005,2222,991

620

5,011

40,138

VO NET

116,97982, 697

112,98882, 73684, 760

141,12440, 335

312,416

974,036

INCOME

s 15, 7815 7,713

810,9365 7, 7283 6,1165 6,7705 5,759

5 616

a 61,418

6 15,8225 7, 741

6 11,1165 7,9805 6, 477«9, 2885 5,973

5 8, 547

& 72,945

625467981

i 850922

4,340252

8,72S

17,165

wo

2ooK


MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS—RETURNS SHOWING NET INCOME

Under 5050-100100-250---250-500500-1,0001,000-5,0005,000-10,000-—10,000-50,000—50,000 and over

Total. . . .

929378493238173190324415

2,492

6,2308,12422,80725, 38531, 57889,74241, 259154,736751,519

1,131, 380

3,5314,34611,82912,49218, 52456,48940,129105, 687354,904

607,931

4.5157,00824,99527, 21236, 971119,93767, 271

328, 3991, 545, 524

2,161,831

18,96226,99779,87385,618120,537393, 452204, 596898,833

4, 240, 740

6,069,610

4,0584,34210,9069,88711, 27630,7526,14156,600124, 286

258, 247

652860

2,2512,8525,03812,0517,12519,729210,168

260,725

9501,1936,4046,45211,61137,55519,01459,054243, 425

385, 658

12, 42314,02838, 22337,53748,178146, 60188,480423,016

1,918,135

2, 726, 622

995, 32319,31726,11538,979141, 45871,769287,453

1, 408,821

1, 999, 336

35, 34540,284109, 98496,153127, 588368, 793183, 524519., 562

1, 618, 713

3,099, 945

323100594910940

2,3662,2622,54013,323

23, 358

36,01940,832112,14898, 323130,967378, 568189, 697543,731

1,805,934

3, 336,220

1,8361,7826,3767,417

10, 54139, 38728,44877,195194, 753

367,734

1,8241,7576,2697,2349,99937,19826, 67065,19091,041

247,181

714765

4,0044,1557,17724,82924, 67158,916261,111

386,342

MANUFACTURING: CHEMICALS AND ALLIED PRODUCTS-RETURNS SHOWING NO NET INCOME

Under 5050-100100-250250-500500-1,000l,0C0-5,0005,000-10,00010,000-50,00050,000 and over

Total

1,744569574286186158263520

3,598

7,2738,91917, 65219, 57727, 78261, 43220,278106,114694,546

963,572

5,2695,29411,87814,15818,03638,70618,63886,143836,894

1,035,016

8,97113,61934, 34042, 29651,702143, 338103,172494,288

4,305,963

5,197,688

31, 55540,73189,418100, 706128,114329,930185, 768809,685

7,014,488

8,730,394

14,03511,42022,99621,12823,97156,96923, 546140,352309, 564

623,981

1,6352,0494,5344,1945,78019, 34517,08148, 241

953, 698

1,056,557

2,2363,6468,4509,99518, 63446, 48317, 95678, 748215,090

401, 238

30,60029,09254,86555,44061, 564152, 56177,056

365, 8872,911,962

3,739,025

5 19,1915 7,7165 7,4404,1269,64229,49921,13889, 665

2,052, 431

2,172,153

33, 98234, 58671, 50971,91293,711194,62290,248401, 672

2, 463, 813

3,456,056

262383251557604

1,6932,1072,318

255,154

263, 329

34, 61935, 51073,05473,60096,139202,95395, 239412, 425

2,920,121

3, 943, 660

5 6,967s 4, 6915 9, 3995 8, 252s 9,6785 24,420s 6, 242

5 42,0305100,935

« 212, 614

s 6,9805 4,7025 9, 5115 8, 351« 9,823

5 26, 5545 7,037

« 42,9205 200,155

5 316,032

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,000__50,000 and over

Total

350217195102756811113

1,032

2,6494,3837,9138,97912,18722, 25418,05532, 98019, 640

129,039

1,8112,6504,5805,7208,15818,05810,41434,35121,905

107,646

2,9306,63113, 74015,28123,84464,40328,702119,750141,622

416,903

8,42915,40429, 83735,49354,063135,30985,757265,761213,635

843,687

1,9743,0973,8204,2233,6235,6579,68112, 3456,162

50, 582

371882

1,3531,3922,7697,2191,733

25,662146

41, 527

273345

1,2912,9985,934

28, 0007,104

30, 2413,000

79,186

4,9907,36014,30815,16621,31447,15432,157106,958114,663

364,070

4552,9877,62211,02119, 24842,82831, 70675, 22679, 562

270,655

10, 62617,12327,65734,87342, 23879,03028, 497123, 20496,890

460,138

4090250941361186374368

1,603

10,84817,53428,47135, 53143,43481, 28629,961130,89699,191

477,151

5281,0251,5491,8652,8827,3513,30322,2093,984

44,696

5271,0071,5091,7952,7496,6013,10419,9773,726

40,995

197514651674

1,2524,6151,0297,733

262, 505

MANUFACTURING: STONE, CLAY, AND GLASS PRODUCTS—RETURNS SHOWING NET INCOME

114510

1,1691,1161,7726,0386,322

10,9828,628

36,651

GO

oCO

279,169 M22OC


CO


TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items ofassets and liabilities as of Dec. 31, 1931, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—-Continued

[Money figuresjand total assets classes in thousands^ dollars]


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


lated asgrosssales


Compilednet profitor deficit 3


deficit

Cashdivi-

dendspaid

Si

oQQ

3o

gIS

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000—10,000-50,000*50,000 and over <Classes grouped

Total

MANUFACTURING: STONE, CLAY

1,11248857228415915029

<20

2,815

5,7076,756

15, 58113,47514, 41434, 04814,181

49,069

153, 230

4,8155,993

14,79314,95215,81934, 78221,939

47,886

160,979

11,32518, 03251,68958,78861, 344

207, 769123,990

300,922

833, 859

24,31335,21594,638

102, 554108,115332, 778186,172

458, 361

1, 342,146

A N D GLASS P R O D U C T S — R E T U R N S S H O W I N G

8,1228,436

18,72216,94015,38528,9109,851

21,180

127,546

1,3842,8206,6399,9079,534

39,88630,360

45,721

146,251

2,0691,8077,627

11, 22810, 57253, 51733, 610

85, 716

206,145

18,20421,28352, 25051,92749,968

121, 85962,604

172, 575

550, 669

« 7, 68351, 403

3,7246,379

17,61054, 21435,912

94, 676

203, 430

22, 56622, 25250, 99544, 56748,951

111, 64152, 550

177,872

531, 395

NO NET INCOME

215254227149117231196

654

2,045

23, 25722,90052, 21645, 65650, 487

114,99054, 770

183, 440

547, 716

8 4, 9235 4,176

5 10, 6275 9, 2185 6, 989

5 18,1616 8, 010

* 4,9265 4,188

« 10,729s 9, 3685 7,193

s 18, 654s 8, 493

5 11,1601 5 12,979

5 73, 263 s 76, 530

228313702782680

2,1242,346

14,890

22,064

MANUFACTURING: METALS AND ITS PRODUCTS—RETURNS SHOWING NET INCOME

Under 5050-100100-250. -_250-500..-500-1,000 —1,000-5,000.5,000-10,00010,000-50,00050,000 and over . .

Total

1,597697862481285301495218

4,342

12, 28016, 30640,50345, 76948, 886

140, 02385,102

262, 783957, 994

1, 609, 646

6,7219,902

27,11233, 49937, 441

122, 03255, 571

139, 959349,814

782, 051

12, 20517, 53349,41156, 48975,000

206, 445111, 559347, 977

1, 235,987

2,112, 607

36, 22351, 266

138,998170, 590197,063634, 544331,107

1,152, 0743, 740,121

6, 451,986

7,7208,455

18,80619,31817, 50938,51713,16442,042

605, 020

770,553

1,1402,2136,3204,8255,296

22,69210,16861,137

319, 062

432,852

1,8841,5089,738

14,69916,94360,85941,76964, 454

463,717

675, 571

23, 57524, 63964, 76862,47076,975

239, 707113,713440,884

1, 111, 969

2,158, 700

5 27511,21134, 70163,37573,010

242,814130, 569455,425930,979

1,941,810

60,26071, 728

160, 708181,124187, 386494,969244, 670667, 207

2, 256,305

4,324, 356

814171780462

1,2483,3501,7633,690

59,844

72,122

62,17372,821

164, 341184, 740192,882512, 209255, 405720,093

2,472, 766

4, 637, 430

2,7053,4007,721

10, 79513, 50238, 02621, 57475,967

231,013

404, 703

2,6833,3557,571

10, 39112,84334,00219,80563, 714

198,900

353, 265

8001,5995, 2958,621

11, 52434, 35723, 04977,134

234, 057

396,435


MANUFACTURING: METALS AND ITS PRODUCTS—RETURNS SHOWING NO NET INCOME

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000—10,000-50,000__ _50,000 and over

Total

5,3372,1152,4211,342

892876139106

27,79731, 76975,78380,293102, 027300,813170,625363,459

34 1, 044, 319

13, 262 2,196,886 2,262,988

23,44131,95981,83897,800125,936366,968175,747366,301992,997

43,22960,511157,947203,090261,358783, 435404, 576

1,126,4224,123,327

112,068152,842

474,303624, 645

1,854, 369959,060

2, 322,0827,463,197

7,163,895 14,351, 505

40, 74842, 44379, r79,48091,151178,20077, 502114,179188,197

5,2339,66724,76132,90239,959118, 78890,540275,902592, 623

6,3299,56540,89056,72676, 543252,217140, 661367,112957,307

88, 25194, 470216,115239,638280,141806,500365,181988, 652

2, 657,652

891,5921,190,3751,907,348 5,736,600 3,350,453 6,511,378 89,798

5 36,952513, 049i 6,18840,125104,055409,566229,195432,672

2,178, 652

124,788127,264270, 311287,631340,632944, 634437,885

1,088, 4612,889, 771

127, 368129,484276,287294,998349,802975, 212457, 439

1,148,5953, 078, 493

6,837, 677

5 26,3535 21, 259s 44, 5705 49,9005 52,014

5 133, 9935 57, 061

5 134,147« 166, 052

5 685,348

5 26, 4095 21,3606 44,9896 50,6915 53,250

6139, 5996 61,513

5 151,6725194, 554

5 744,039

816923

2,7374,7866,99127,32918,47343,423221,372

326, 848

MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS SHOWING N E T INCOME

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,000 _..10,000-50,000 *50,000 and over 4

Classes grouped

Total

90433833718290888

4 7

4 1

1,955

6,9289,318

17,16320,45117,95247,77214,684

74, 027

208,294

3,9625,398

11,75013, 65912,45433,70710,700

53,841

145,471

4,4825,545

15,80318, 35917,79351,83414,948

111, 320

240, 083

18, 08524,40555,15664,49759,412

176,96161, 679

310,448

770, 643

4,0696,0977,5518,9745,171

11,5181,992

14,069

59,441

4132,1762,3932,3751,2493,6995,723

8,965

26,993

4231,2023,9046,3506,568

19,1755,250

28,992

71,864

9,49810,78424, 04623,07824, 27559,87622, 589

74, 054

248, 200

2,5362,715

14, 67821,62519, 39072,12415,154

128,074

276,297

35,13137,44467,99668, 70552, 512

138,29031, 795

195, 688

627, 560

222229287151856

3,74249

31

5,568

35, 77338,22869, 53370, 40554, 610

145, 97534, 472

222,796

671,793

1,4761,5363,4003,6213,744

13, 6627,694

37,499

72, 633

1,4551,5243,3303,4613,571

13, 0177,155

22,112

55, 627

529

5781,6122, 4362,8908,1835,547

38,759

60, 525

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 *50,000 and over 4 _.Classes grouped

Total

2,53867468435118415716

* 13

4,619

12,30511,03123, 72625,15224,45461, 46527,608

50,679

236,422

11,07410,90023,62226,31727, 74652, 06018,057

51, 788

221,564

13,81214,76533,98443, 71048, 432

114, 54234,304

136, 592

440,141

47,82248,487

106, 284122, 647132, 496317,821123,480

449,806

1,348,842

17,99514,61825,60728,85817,29034, 2659,268

44,849

192, 749

1,9292,8285,5998,4008,666

26, 52414,000

52, 649

120,594

4,0203,557

10,77810,28322,38342,85125,159

27,763

146, 794

40, 61231, 42462, 52669, 07058,170

156,90743, 498

182,651

644,858

5 20,4215 7, 4566 4, 597« 2,18619, 46533,79024, 494

70,983

114, 072

63,89944, 76883, 23276,80378,712

166, 36062,362

158,182

734,317

442257669399233940349

546

3,834

65,10245, 65785, 55479, 46481, 530

173, 57366,090

171,323

768,292

s 11, 7635 6,994

5 13, 7575 13, 3035 13,646« 29, 7225 10, 236

5 31, 955

6 131,376

« 11, 7725 7, 021

« 13,8675 13, 4265 13,8625 30, 3225 10, 705

s 35, 047

s 136, 024

161283847782975

3,5331, 469

3,751

11,801

33o

3oo



TABLE 17.—Corporation returns for 1931 with balance sheets by^major industrial groups and by total assets classes, showing selected items ofassets and liabilities as of Dec. 81, 1931, or at close of fiscal year nearest thereto, selected items of receipts, compiled net profit or deficit,statutory net income or deficit, and cash dividends paid—Continued


to


Num-ber of

returnswith

balancesheets

Cash,inotes

and ac-countsreceiv-able

Inven-tories

Capital


TotalTotal li-abilities


Bondeddebtand

mort-gages

Capital stock

Pre-ferred Common


lessdeficit

Grosssales


lated asgross




deficit

Cashdivi-dendspaid

02

1

3oo

CONSTRUCTION—RETURNS SHOWING NET INCOME

Under 50. . .50-100100-250 . _.250-500500-1,000.1,000-5,0005,000-10,00010,000-50,000 *50,000 and over *Classes grouped

Total __'.

2,816910894336203135

8

* 1

5,312

27, 72928,39559,42852, 29160,082

101, 79427,882

55,666

413, 268

5,1915,3979,9208,664

10,89122,681

469

8,517

71,729

15, 31420,13442,63228,69431,34362,9328,963

42,438

252, 450

55,67964,112

140, 328118,310141, 532260,80351,265

178,207

1,010, 236

16,15917,29434, 60226,32632,01954,72918, 232

39,461

238,822

3,0574,587

10,1835,8417,149

10, 521151

18, 569

60,058

7021,2433,5543,1753,954

14,0021,431

4,770

32, 830

25,15924, 50445,88831,15733,13350, 25210, 582

30,350

251, 024

6,43111,24633, 28436,90343,63881, 74010, 298

46, 296

269, 836

121, 220107, 220172,928109, 354105, 570141,06613,611

63,478

834,447

16,33119, 26456, 75852, 31745,11663,2998,997

33, 318

295,399

139, 623128,760234,974166,052155,262212,79823, 734

101, 398

1,162,600

5,2944,942

11,85810,99212, 67024,1352,483

11, 523

83, 898

5,2614,854

11,56610,43112,09722,1312,236

8,590

77,165

1,5741,8464,9934,8345,752

11,380658

5,064

36,102

Under 5050-100100-250 - .250-500500-1,000.1,000-5,000—5,000-10,00010,000-50,000*50,000 and over 4

Classes grouped

Total. _

6,5331,4811,237

418231116

13

10,038

50, 72039, 26665,19842, 82446, 71460,96326, 670

53, 014

385, 369

14,99410, 59517, 23412,18311, 56619,5089,221

13,411

108, 712

C O N S T R U C T I O N — R E T U R N S

35, 32536,08864,81148, 73849, 78758,66027,853

130,578

451,839

119,318105,380190, 215144, 296160,736235,34184,476

424,817

1,464,579

50, 60938,08658,86438,06543,90342,95818,979

49,374

340,837

8,7039,475

19,11815,09715,94219,2094,768

144,904

237,216

S H O W I N G NO N E T I N C O M E

3,0562,2655,8927,7639,136

16, 3298,142

47, 261

99,844

72,42646,80874, 73842,40448,07957,31225,024

59,009

425,801

5 24, 6941,208

13, 50023,95219,17148, 39212, 734

85,409

179, 672

181,958113, 534159,02486, 58468, 36258, 59522,131

94,178

784,366

17,06011,23620, 00410,18219,92622,1553,561

24,158

128, 283

202,382127, 559184, 397100,71892,04187,18628,405

145,907

968,595

s 28, 7226 15,1485 18, 665«8,840

«10,9426 5, 545» 2, 765

2,993

5 87,633

»28,802« 15, 262519,376

5 9,407«11,556« 7, 301a 2,909

5 9,385

«103,999

1,002878

2,8081,1992,1902,261

918

15,148

26,404


TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NET INCOME

Under 5050-100100-250250-500500-1,000.1,000-5,0005,000-10,00010,000-50,00050,000 and over

Total

4,5181,0801,055

516310414107169

20, 60415,67728, 28027,11327, 96981,95855,007216,183

99 1,824,880

8, 268 2, 297, 671

2,0601,2,1062,2882,56911, 5138,36343,996

53, 22549, 596112,067125,146159,072697,457615,376

2,943,951

84,40476,891166,588179,432218,240906,016781,367

3,738,234

15, 34412,99320, 50119, 33423, 37865,82448, 094

361, 364 20, 594, 954 27, 684, 538 1, 281,186 8,776, 259 2,616, 663

?>, 7215, 58718, 61624,59531,014194, 237178, 284

224,816 1,197, 717

435, 693 25, 350,843 33,835, 709 1, 711, 469 10,430,029 3, 206, 722 10,978,485 5,720,342

1,4241,9345,4489,31217,90758, 27980, 723415,031

49, 81336,14080,89280,84593,097377, 769298,169

1, 207, 208

8,11613, 96928,19833,61239,306139, 733131, 328438,496

8, 754, 552 4,887, 582

100, 87165,66790,89978,04474, 382198, 735185, 924625, 567556,324

5,976, 414

105,09168,49094,47182,09178, 233212, 380196, 936673,129

5, 252,239

6, 763,060

7,8125,99510,19611,46712,17040,75139,689146,090

1,039,067

1,313,236

7,7735,87610,03111,13111,83838,45137,304126,460641,987 1,

890, 849 1,337,282

TRANSPORTATION AND OTHER PUBLIC UTILITIES—RETURNS SHOWING NO NET INCOME

i—<

O00

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over

Total

989827388305386103110

18,18112, 22419,53615,11620, 29360,07037, 331139,097

99 1, 539, 981

8,189 1,861, 829

2,2041,9232,5242,3314,4067,5979,09723,894

399, 097

50,83343, 54484, 34592, 549149,815624,506555,807

1,8

83, 38368,998129, 579134, 685219,160859, 533736,109

2, 584, 704

36, 389|22,12233, 31724, 31642, 65693,50072,800

23, 424,981 33, 685, 326 1,243,099 14,802,214 2,083,961

453,072 26,862,767 38, 501,476 1, 782, 284 16,594,152 2, 595, 229

f 9, 71220, 54627,10360, 001296, 508265, 398

214,085 1,105, 802

12, 2794,1238,7549,159

31, 33877,12364,072

304, 420

68,41943, 68270,04062, 771

115, 385274, 280194,553621, 251

5 50, 35,s 17, 495s 17, 232s 7,934

5 56, 356e 7, 48552,330138,617

311,383 4,577,715

9, 761,764 4, 611,807

103, 62352, 48563, 73741, 04255,510142, 392100, 593313,594

5, 200, 337

107,40254,74666, 26444, 37158,434

153,988108, 013345,807

5, 595, 387

1,073,314 6,534,410

5 22,525« 9,070

510, 366« 6, 895o 8, 970

s 30, 6355 21,781e 83, 770

5 160, 887

5 354, 901

6 22, 820« 9,145

5 10, 6066 7,0455 9,207

s 31,9485 23,2536 92, 896

5 370, 111

5 577,031

767340973603

1,1753,8973,171

15, 208425,815

451,949 M33OoTRADE—RETURNS SHOWING N E T INCOME

Under 5050-100100-250250-500 _.500-1,000. __1,000-5,0005,000-10,00010,000-50,000.50,000 and over

22,9757,1245,3981,902846622745516

194,604203, 750341,482270, 341222, 648429,314139,226263, 582517,375

137,297128,873191,990155,809127, 241266, 43099, 637158,562327,973

117,802118,447191,717144,657134,048289,843134,085323,661612,229

Total 39,012 2,582,3211,593,812 2,066,489 7,636,8851,595,136

495,157503,014832,609665,459590,721

1, 247,818509, 656

1,001,7681,790,683

124,326115,824177,165132,027112, 434212, 22367,022179, 908474,207

11,61222,19038, 27627, 77023,92452, 21621,170108, 71085,453

391, 321

6,98813, 06731, 76446,96646, 021141,02149,59499, 985132,789

568,195

249,815223,137346,406250,411218, 500399, 511172, 720266,715513,974

79,073106,899194, 964179,494159,102368, 372164, 330290, 392518, 597

1, 548, 2851, 306,8231, 979, 7161, 474, 7211,150,9232, 307, 614804,556

1, 501,8603,037,022

27, 60617,03825,01715, 43618,06327,4628,65414,32013,277

2, 641,189 2,061,222 15, 111, 520 166, 873 15, 617,388

594,868341,705035,877517,472192,193396,864840, 437552,958145,015

35, 95525,51838,81631,39628, 22867,19032,84055, 764163,089

478, 796

35,67525,16137,78729,710

61,56630,04250, 516150,331

12,77911,19823,16621,62319,30552,29323, 26129,888115,687

447,397 309,200


CO





Num-ber of

returnswith

balancesheets

Cash,inotes


able

Inven-tories

Capitalassets



Notesand ac-counts

Bondeddebtand

mort-

Capital stock

x re-ferred

Common


lessdeficit

Grosssales


lated asgrosssales



Statu-tory net

income ordeficit

Cashdivi-dendspaid

T R A D E - R E T U R N S SHOWING NO N E T INCOME

Under 5050-100100-250250-500500-1,000.1,000-5,0005,000-10,00010,000-50,00050,000 and over

Total

46,70112, 3429,6283,3981,6371,023

78589

322,185310,044520, 014398, 222364, 700599,108152,134270, 261201.410

74,874 3,138,078 2, 391, 780

306, 797255,185403, 095306,890281,059401,47097, 763178,076161.447

210,562200, 512353,378288,565284, 563487,928173,814404, 466259,031

938,143869, 281482, 775177,062130,030933,495595,248165,877971,247

2, 662,818 10, 263,158 2, 478,641

391,358281,321428,126293,547256,457389,444119,610187,500131,278

33,55751,02591,09778,95982,852156,95155,165156, 273217,665

31,85431,61982, 68195,688122, 753253,18477,133227, 987191,688

923, 545 1,114, 586

649,284481,711741, 393534,854479,195729,556180,411318,97880,931

4,196,313

5 224,483s 17, 04758,089115,055127,091290, 78075,896166,875271,542

2,250,7811, 587, 3612, 251,1251, 568, 4341, 387, 5462,028,978472,037

1, 077, 889740, 765

863, 798 13,364,916

40,50715, 99222, 25415,13117,05932, 6086,94918,1169,048

2,323,2551, 629,3422, 315,8971,620,2731,444,4842,139,914501,381

1.148,755'799,483

177,665 13,922,784

5193,1595 109,4935 145, 260» 103, 0005 90,640s 134, 6715 30,1965 54,6105 71,203

5 932,231

5 193, 5665 109,9893 146, 8405 104,994s 92,871«141,9845 33,005s 60, 3315 76,014

5 959, 594

5, 9675,71211, 22211,12910, 81225,0496, 02315, 66329,001

120, 577

O

3oo

SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURNS SHOWING NET INCOME

Under 5050-100100-250250-500500-1,000 -1,000-5,0005,000-10,00010,000-50,000 4

50,000 and over 4

Classes grouped

7,111, 64011, 514

586:3101207

19i4 13'.

35,63928, 09948, 42440, 21337, 96166, 41820, 328

5,2443,1985,8503,8232,85812, 2975,297

63, 79163398,134,678115,059117,837224, 00072, 816

128, 536115,611235, 273204, 255214, 641409, 264127, 641

27,71322,00135, 64128,91029,12838, 350

8,853

6,91411,23029, 58125, 54431,97371, 55427, 526

2,2993,76111,10913, 72913,96645,03512, 917

66, 20650,68590, 73466, 29664,847109, 31532, 757

17, 21020,32647, 60451, 21151,366107,82419,173

260, 024144,440215,074172,855145,303201,938112, 535

267,472149,728224,150181,098152,628217,879117,254

13, 4548,14314,11414, 58313,29521,9849,240

13, 3437,92613, 54314,09712, 29020,3208,520

5,5364,3967,7037,6257,265

15, 5194,800

Total 11, 407

121,273 36, 764 237, 498 939,955 18, 298 8, 244 52,583

398, 354 75,331 1,029,078\

2, 375,176 208,895 302,566 155, 397

105,907

586, 747

634, 066 254, 038 300,749 37,831 22,081

948,780 1,506, 207 1, 610,957 132,644 112,121

24,046

76, 890


SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. -RETURNS SHOWING NO NET INCOME

Under 50 __50-100 _100-250250-500500-1,000.. _. . .1,000-5,000....5,000-10,00010,000-50,000.50,000 and over

Total

11,1382,2411,929

78148547453325

17,138i

38, 72125,98041,12925,99033,16070, 31313,02574,812

125, 713

448,843

7,2514,0886,8144,8237,59018,0812,4434,238

67, 776

123,103

99,0196, 368193,437182, 523229, 580710, 930280,372365, 327532,196

2, 689, 751

183,022159,068303,657269,171335, 723

356,335

1, 008,168

, 180,168

78, 29949, 44769,66451,16051, 553116, 69315, 435104,091132, 666

13,33919,84355, 93766, 348102, 993374, 968165, 505167, 667367,015

669,008 1,333, 613

8,1537,41716,87620,01430, 97098,97055,11757, 75310,115

305,385

128, 31582, 541139,192100, 796102, 374247,92881,961133, 040363, 701

1, 379,848

« 70, 222s 18, 404HO, 278

1,'3,81413,9828,40253, 560113, 322

95,863

317, 024147, 371187,925103, 70493, 641232, 45360,477127,455435, 654

1, 705, 704

330,972153,839200,060115,881103, 541263,81276,621140,910489, 373

1,875,011

42, 587»16, 61327, 26014,90016,96137, 75112,76926, 6685 4,187

5 199, 696

s 42,7145 16, 855s 27, 692s 15,460s 17,4525 40,154s 13,1385 30,997« 17,851

« 222,314

1,279542

1,2571,0491,7843,264690

3,42224, 542

37,828

FINANCE: BANKING, INSURANCE, REAL ESTATE, AND HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—RETURNS SHOWING N E TINCOME

Under 50... . _50-100100-250250-500...500-1,0001,000-5,000-.5,000-10,00010,000-50,00050,000 and over

14, 6348,076

10, 7945,8023, 5523, 247 2,

344

103, 987162, 295557,148715, 999859,933!, 406, 073

456 1, 044,1292, 332, 332

80 6,198, 694

3,475,046

10, 3187,4866,575

11, 763607

1,043

161,382314,135821,487830,845870, 954

1, 778,491656,378679, 679

333, 970582, 789

1, 734, 9042, 045, 6712,476,8276, 694, 2773,162, 9426,981, 458

260 25, 699, 954

61,55186, 322220, 303196, 353173,635370,140146, 306179, 755680, 213

55, 727123, 784364, 020380, 570413,998833,089349, 992601, 603184, 943

9,02817, 20658, 36469,96575, 688

213, 32076, 730

196, 546190, 328

Total 46,98514,380,590 47,0016,582,61149,712,792 2,114,577 3,307,726 907,176 5,673,692 5,221,566 1,333,0414,128,835 842,649 535,635 490,203

178, 287221, 604500,260511,624576, 414

1, 346, 902 I590,351992, 477 1,755, 773 1,

13 59865, 051191, 748248,213314, 085, 009, 710542,173, 109, 921, 727,066

95,85871, 571108,14480, 29992, 592201, 824119,923323,137239, 693

143,835133, 335274, 793257, 463284,014668, 924314,864709, 200

1, 342, 407

20, 77820,58445,48846, 59450,324143, 23573, 233169,127273, 286

19,80819,61241,17939,02237, 55798,77946,07392, 419141,185

11,27911,54025,19227, 53631,95096,16150,436109, 717126,392

O

F I N A N C E : B A N K I N G , I N S U R A N C E , REAL ESTATE, AND H O L D I N G COMPANIES , STOCK AND B O N D B R O K E R S , E T C . — R E T U R N S SHOWING NO SN E T I N C O M E fel

Under 5050-100100-250250-500500-1,0001,000-5,0005,000-10,00010,000-50,00050,000 and over

Total

17, 5069,125

12, 6358,000>, 746 1

90, 542141,049508, 497785, 363

,221, 5586, 206 4,038,115

" 2 , 0 4 1 , 8 3 8640 4,153,454154 13,226,423

60,907 26,206,839

5,98210, 51'26,14'27, 59729, 04167,14816, 99014, 9204,048

205, 010391,091

1, 079, 3591, 241, 4471,426, 4153, 074,9721, 063, 4071, 330,952 l:1, 242, 440 29,

375, 309663, 639

2, 067, 5212, 841, 6074, 056, 70412,992,392 16, 192, 329.2, 736, 736~i,404,012

127, 051181, 334350, 051371,489421,138,081,5391460, 241865, 215 1989, 281 1

86,850186,044558,167692, 591784,957,829,160878, 278, 541, 726, 134, 318

202,39111, 055,093 71, 330, 248 4,847, 338 7, 692,091 2, 582,685 12, 419,907 6, 945, 714

19,39424, 27874, 322102, 010148,260532,176225, 398691, 467765,378

254, 018266,990661,144766, 500967,498

2,812,1, 258, 3462, 032, 530 1,3, 400, 322 3, 695, 308

5 150,3745 50, 5585 27, 02461,926

221, 622L, 159,686635, 676, 399, 451

118,712105, 417183,956253, 245322, 409685,191256, 638611, 886445, 674

2,983,128

166, 886152, 673321,083432, 527555, 207

1, 368, 010566,151

1, 203, 9201, 669, 827

« 80, 571s 48, 427s 108, 3176 105, 753s 125, 9935 363, 0165178, 5405192,197

32,090

6,436,285 51,170,724

5 83,1875 50,704

5 117, 439s 124,1475155, 5855 503,0246 260, 4675 376,1375 349,196

5,6633,0559,415

11,71719,70089,15857,042

131,784404,649

'2,019,887 732,185



TABLE 17.—Corporation returns for 1931 with balance sheets by major industrial groups and by total assets classes, showing selected items ofassets and liabilites as of Dec. 31, 1931, or at close of fiscal year nearest thereto, selected 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




Bondeddebtand

mort-

Capital stock

Pre-ferred Common


lessdeficit

Grosssales


lated asgrosssales


Compilednet profit

or deficit 3


deficit

Cashdivi-

dendspaid

NATURE OF BUSINESS NOT GIVEN—RETURNS SHOWING NET INCOME

Under 5050-100100-250250-500500-1,0001,000-5,000—.5,000-10,00010.000-50,0005OJ0O0 and over

T o t a l . . _.

327685813104

480

2,2501,8703,2281,8782,3401,529

13, 095

237155286

419

1,097

1,263991

2,838333

2,7221,187

9,333

5,2014,7299,3384,3857,6195,058

36, 329

939815

1,378399228

1,373

5,132

664110

1,0438

538

2,363

46041949880033110

2,517

5,2813,0357,8233,4673,4763,267

26, 350

« 3,8666 92

* 2, 0695 900

2,708397

«3,822

3,6201,6001,055

22885

6,588

3,8921,7561,412

358217280

7,915

33916821715542

223

1,145

322160123146

19223

995

39710820230

102220

1,059

8CO

aGOO• = 1

2o

g


NATURE OF BUSINESS NOT GIVEN—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

791140153654337

1,229

3,4812,6985,7654,8703,873

18, 878

39, 565

867593782

1,13587791

4,346

3,5473, 2678,0706,7255, 4929,926

37, 027

11, 2189,922

23, 74223, 21728, 41166, 491

163, 002

5,7492,2196,0843,7525,2558,412

31, 471

965870

1,4442,1301,4112,520

9,342

1,2491,9763,326

8252,7905,145

15, 311

21, 3166,421

18, 56324, 53317,99626, 284

115,113

8 19, 227* 2, 4425 7, 5595 9, 756

«5717,581

5 21,460

5,5982,6722,8962,3561,355

156

15, 034

6,1092,9393,2612,7552,012

944

18, 019

8 2, 5765 576

5 1,1676 8,354

fi 864s 427

5 13, 964

8 2, 7265 610

8 1, 250* 8, 51981, 200

fi878

s 15,183

30230

1008582

286

885

1 Includes cash in till and deposits in bank.2 Include net profits from the sale of capital assets (stocks, bonds, etc.) but not gross receipts from these items. Exclude nontaxable income, other than interest on tax-exempt

obligations and dividends on stock of domestic corporations as reported in schedule L of the return.3 Compiled net profit or deficit is total compiled receipts less statutory deductions.4 Classes grouped to conceal data reported and identityfeof corporation.6 Deficit



TABLE 18.—Corporation returns for 1922 to 1931 l 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 inactive corpora-Horn


[For text defining certain items and describing returns included, see pp. 1-4]

YearTotalnum-ber of

returns

Eeturns showing net income

Num-ber

Grossincome

Netincome Tax

Returns showing no net income2

Num-ber

Grossincome Deficit


no incomedata—

Inactivecorpora-tions 2

AGRICULTURE AND RELATED INDUSTRIES

1922.1923.1924.1925.19261927.19281929.19301931.

9,0929,3609,7589,904

10, 6889,905

10,26510, 61510,96111,014

4,0003,9144,5304,6624,6984,4454,5044,4073,4752,546

484, 597605, 394566,072572, 215615,141633,782636, 641636,227363, 718215,096

I

62, 90192, 20164, 23076,86270,81278,57780,47672,80140,48414,002

6,6229,7916,7338,6048,1759,0548,2176,7834,0411,201

5,0925,4465,2285,2425,9904,4604,6795,0236,4317,354

220,801168,179243,661221,340249,342188,645188, 503246,280307,122276,868

56,09149,93062,49859,21555, 66561,89350,09253, 54386, 37098, 778

1,0001,0821,1851,0551,114

MINING AND QUARRYING

1922192319241925192619271928192919301931

17,09318, 50918,45319,16319, 25218, 51918,79318, 26117, 63517, 580

6,1305,1754,8935,4886,0085,2325,1835,2114,7003,832

2,362,0272, 676,0722, 589,8503, 711, 4073,207, 9422, 259, 8502, 501,4683,031,4051, 611, 228732, 720

286, 437283, 566240,142453, 600455, 798276, 309332, 679430, 527194,11871,154

31, 40030, 77728, 38955,04957, 30834, 89836, 75144,31921, 474

7,211

10, 96313, 33413,56013, 67513, 2467,8047,7507,2917,5338,291

1,333,3612,186,9272, 258, 6981, 213,4391,339, 7591, 576,9861, 087,7451,016,1841,388, 2381,496,571

280,456334,254307,091209,957183,474246,924207,416198,440238,459325,963

5,4835,8605,7595,4025,457

MANUFACTURING-TOTAL

1922.19231924.1925.1926.1927.1928192919301931.

82,48585,19986,80388,67493, 24493, 41595, 77798, 52595, 09893,109

48, 69753,79551, 34254,13755,09453, 62055,00755, 48840, 64130, 270

36,005,90648, 686, 64045,320,01652, 924,99452,921, 59450,134, 09157,458,95959,879, 75938,804,23520,974,409

3,454, 4204, 271, 8993,595, 6754,383, 3574,494, 7903,938, 6474,744, 2615, 216,0162, 757, 5081,464,619

389,776484,864429, 653546,741584,507507, 735544,937544,053316,992165, 311

33, 78831,40435,46134,53738,15036,19636, 56636, 74250, 86358, 815

8,677,3367,534,0698, 591,1497,904,7889,573,20313,588,7889,813,97012,252,28519,846,04323,058,882

813,413701,012832,203682,255786, 687851,053833,735810, 244

1,639, 8442, 287, 589

4,2044,2953,5944,024

MANUFACTURING-FOOD PRODUCTS, INCLUDING BEVERAGES

19221923_19241925 31926.19271928192919301931

13,52913,59013,92414,72215,00815,07914,96515,12414,84714, 632

8,0878,3888,8419,3038,9508,9718,8449,0457,8976,466

5,880,2427,499, 2849, 742, 29111,476, 44310, 553, 2138, 524,43211,551,4319, 641,9607, 637, 3975, 365, 954

356,919411,716443,370533,472475,074461,046518,092540,186436, 451326, 910

39,42643, 81251,82266, 58761,42959,04958, 39156, 30949,86936,823

5,4425,2025,0835,4196,0585,4615,4055,3806,3287,524

2, 013, 9021, 528,1491,044, 5761,923,7471, 762,8324,188,7571,497,4033,854,7264,377,3383,988,705

146,137118,48091,89791,51293,052105,71677,81887,721128,498203,478

647716

622642

* Changes in the revenue acts affecting the comparability of statistical data from income-tax returns ofcorporations are summarized on pp. 204-207.

- Prior to 1927, returns for inactive corporations showing no income data were included with returns show-ing no net income.

' Includes " Tobacco products."4 Not available.


STATISTICS OP INCOME 179TABLE 18.—Corporation returns for 1922 to 1931l 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 inactive corpora-tions—Continued


YearTotalnum-ber of

returns

Returns showing net income Returns showing no net income2

Num-ber

Grossincome

Net Tax Num-ber

Grossincome Deficit


no incomed a t 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

1922. . . .1923. _..19241925«_..1926___1927....1928___.1929_...1930__.1931

558563518

497445439437405379

272278239

289261238243195155

932,1461, Oil, 9521,002,841

1,124,9661,177,7771,180,8701, 220, 5301,094, 2781,086,321

90, 75295, 20993, 483

11, 24111, 83411, 554

15, 71816, 74514, 54814, 55417, 21617,066

286285279

208169181177197211

117,366124,775121, 678132, 682143, 788142, 494

35,05123, 52519,12250,43676, 79997,515

1520171313

MANUFACTURING-TEXTILES AND THEIR PRODUCTS

192219231924192519261927192819291930-1931

11,42511,77112,22912,27113,43613,85114, 50814, 62914, 69214, 655

6, 9737,6786,8367,5047,7088,2408,0768,1045,6784,875

5, 675,1746, 699, 7374,842, 2526,108, 0605,354,1176, 285,4015, 702,9865, 902, 2872, 642,4022,132,182

535,107563,412316, 929413,115314,649417,484351,850323, 974105, 61077,830

62, 50065, 43537, 65148,81539,82950, 34139, 35533,19711,1227, 351

4,4524,0935,3934,7675,7285,3436,0986,2368,7539,503

1,120,0531,156,9502, 346, 6291, 608,4022,398,6171, 522,0682,134, 3802, 330,9313, 774,1123,168, 902

78,31171, 845188,104114,772195,164120,816155,729163,069369, 69342, 537

268334

261277

MANUFACTURING—LEATHER AND ITS MANUFACTURES

1922192319241925192619271928192919301931

2,2842,3032,4282, 3592,4912,4112,4402,4772,4612,294

1,3301, 3211,3411,3731,4131,4481, 3621,349894754

1,149, 6751,151, 7851, 046, 9311,175, 3401,234,2321, 415, 2001, 325, 3061, 258, 771

733, 941545, 388

88, 64172, 38870,31976, 02373, 85999,07277, 42576, 80338, 69130,091

10, 4148,2488,0379,1699,35812, 2298,8928.1094, 3893,340

954982

1,087986

1,078903

1,0151,0841, 5151,487

314,431445,476460, 523339,191427, 012316, 039396,514482,402655,143564, 469

24,81136,12631,87628, 89527,43621, 70328. 03836, 36864,12464,737

6063445253

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

1922192319241925-19261927-1928-192919301931

593607638638680655723638607552

284273325349339335349311227174

558, 985908,765937, 870

1, 373, 4951,147, 4551,039,525

932,048916, 242559, 565401,314

41,93045,92456,900122, 96637, 50170, 25344, 64556, 32412, 24214, 004

2,2862,8405, 66215,4124,8678, 8495,1496,0551,3361,371

309334313289341284331303354361

383, 664170,130184, 38095, 862

452, 909407, 272454,122510,967540, 748415, 317

24, 56321, 56315, 34513,94124, 76419,35645, 98739,19163,87638,154

43242617




TABLE 18.—Corporation returns for 1922 to 1931l 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 inactive corpora-tions—Continued


YearTotalnum-ber of

returns


Num-ber

Grossincome

Netincome Tax


Num-ber

Grossincome Deficit


no incomedata—

Inactivecorpora-tions a

M A N U F A C T U R I N G — F O R E S T P R O D U C T S

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

6,9117,3827,6637,6337,8627,8167,9477,8697,5016,954

4,5455,2504,7504,6574,5914,1784,2904,1952,3401,525

2,022, 9182,692, 2812,207, 2102, 380, 4632, 330, 7661, 929,8142, 052, 9031,978, 584

723,630332,942

207,996299,050178, 869200, 316172, 972125,408142,197135,61235,82514,966

22,69933, 45721,09024, 66721,90715,61215, 21013,4373,5911,379

2,3662,1322,9132,9763,2713,3533,3673,2944,8685,150

379,399282, 522627, 593587, 054738,045874,474789, 281816,194

1, 263,9481,014,898

48, 28232,58757, 75453,11669,19694,29571,49368,499

152, 460199,138

285290380293279

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

1922192319241925192619271928192919301931

1,7691,8151,8861,9402,0242,0832,0932,1452,1132,086

1,0861,2401,2041,2881,3651,3861,3451,4061,114

832

913,935L, 246,989L, 163, 209L, 260, 563L, 430, 426L, 401, 780L, 374, 722L, 546, 6721,011,630

632,927

84,025109,90992, 674111, 186120, 460123,988118,590124,34773, 64137, 472

9,48112, 23310, 67514,00415,61016,06313, 76813,2228,4754, 239

683575682652659642678673953

1,200

248, 261196,992200, 908230, 547221,834267, 600352,796249,444567,158639,142

22, 40914,93218.36112,13714.36213, 61414,95919, 89336, 37953. 776

5570664654

MANUFACTURING—PRINTING, PUBLISHING, AND ALLIED INDUSTRIES

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

8,7109,2239,6189,920

10,54510,67911,12711, 56911,73611,822

5,7716,1836,2786,5236,9316,7347,0707,3316,0984,593

1,589,1501, 724,6591,878,8311,988,4852,196, 2542,185, 7122, 329, 6702,468, 2832, 055,4611,285,285

184, 716165,947175,972190,909203,507198,476243,650270. 829176,137115,795

21,74519,42920, 80223, 37525,85825,12327, 31028,01719,64112,895

2,9393,0403,3403,3973,6143,6293,7033,8395,2716,810

257, 773260, 566287,667293,786351,190380,417350, 275402, 692607,967

1, 000,179

23,02023,62728,45529,50531,00634,78834,10447,74954, 51277, 802

316354

367419

MANUFACTURING-CHEMICALS AND ALLIED PRODUCTS

1922.19231924.1925.1926.1927.1928.1929.19301931

6,1176,3176,6016,9627,2867,2297,5017,5057,3807,265

3,5123,4723,6403,9514,0763,9604,2314,0733,2872,797

4,984,1144,803,6685,157,0146,475,0247,322, 2876,799,3318,772,4669, 550,5457,376, 0173,371,395

461, 221419, 584466,184623, 277785,155495,857848,127911,512534, 077251, 493

54, 05649, 42656, 65078,393

102,96464,76799,00298,12462,96129,409

2,6052,8452,9613,0113,2102,8922,8202,9983,7274,047

727,1631,304,388733,144590,301768,153

1,969,078778,526737, 016

2,351,1663,952,977

66,15894,15876,30982,35269, 279110,36959, 78956,976175,459318,864

377450434366421



STATISTICS OF INCOME 181TABLE 18.—Corporation returns for 1922 to 1931l 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 inactive corpora-tions—Continued


YearTotalnum-ber of

returns


Num-ber

Grossincome

Netincome Tax


Num-ber

Grossincome Deficit


no incomedata-


MANUFACTURING—STONE, CLAY, AND GLASS PRODUCTS

192219231924_1925_1926_1927___.__1928.1929-19301931_

3,8904,2014,3564,4544,6064,6824,8524,8164,7244,418

2,4592,8802,7352,7532,7622,5872,6762,5721,8051,149

1,024,1101, 253,4061, 216, 6331, 345, 0321, 500,0511,357,1091, 394,9101, 389, 4861,027, 449483,373

125, 692L87,844162,403181, 547L95,166L57, 263L72, 007163, 64692,81241, 683

14,93822,11319,15222, 85325, 54220, 56419,77017, 26810, 4874,614

1,4311,3211,6211,7011,8441,8761,9331,9892,7133,076

118, 097110, 290166, 464156, 780164, 876243, 350259,911265, 730382, 407558, 054

16,58614, 37417,94417,84622,11228,35632,51833,43953, 37479,171

219243255206193

MANUFACTURING-METAL AND ITS PRODUCTS

1922192319241925192619271928.1929.19301931

15, 87416, 24020,17021, 52920,05420, 37920, 69521, 04720,83119, 700

8,39710,16811, 22712, 76011,98911,41212, 25212,8648,1884,744

7, 728,92915, 238, 95513,947, 99117, 335, 34816, 661, 79316, 256,96618,847,89622,125, 98912,790, 3004, 652,191

906,9561, 427,4961,340, 5971,756, 7531,803, 4441, 501, 2741,910, 0042, 291,7671,003, 020355, 221

98, 760160, 771162,979221,973237,077198,066221,838236, 494116,149

40, 624

7,4776,0728,9438,7698,0658,2277,4797,292

11,90414,174

2, 247,1081,361,8161,991,0021,774,9041, 792,0822,928, 3732,326,0471,966, 5904,407, 5956, 861, 806

272, 040178,081244,779201,445192, 574241,305254,975170,113400, 375760,951

740964891739782

MANUFACTURING-MANUFACTURING NOT ELSEWHERE CLASSIFIED

1922,192319241925192619271928.1929.19301931

10,82511,1876,7726,2468,7558,1068,4878,2697,8018,352

5,9816,6643,9263,6764,6814,1084,2743,9952,9182,206

3, 546, 5294, 455,1592,176,9442, 006, 7422,066,0351, 761,0421, 993, 7511,880, 4111,152,164685,136

370,465473, 420197,975173,792195,637163, 752195,999188,335105, 216

56, 661

42, 22955, 26623, 58021,49424,34920, 32621,70219, 26711,7566,201

4,8444,5232,8462,5704,0743,4173,5563,4774,2805,272

798, 352678, 308491,002304, 215460, 600467,835455, 592585,157841, 663

86,92689,54357, 56136,73345, 48458, 26056,17982, 284134, 443

581657797603874

CONSTRUCTION

1922..1923192419251926_1927_19281929_19301931

11,37012, 55113,17615, 33816, 77017,60918, 77019,94720,03519,806

6,9978,1518,7019,701

10,07510,07110,17910, 4628,8716,457

1, 350, 5141, 753, 7961,784,6991,914,4942, 287, 5482,413,1842,317,1862, 291, 6302,174,1561, 213, 234

91, 724112,004132,704156, 491162, 569171,160170,906178,376150,54880, 699

9, 65211,43913,91217,58119,14620,07817,17516,51915, 2107,625

4,3734,4004,4755,6376,6956,2817,1177,8969,674

11,675

415,469,425,391,528,642,661,790,867,

1, 022,

52,52942,80942,01143, 34653, 62159,41771,36970,06682, 488111,048

1,2571,4741,5891,4901,674




TABLE 18.—Corporation returns for 1922 to 1931 l 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 inactive corpora-tions—Continued


YearTotalnum-ber of

returns


Num-ber

Grossincome

Netincome Tax


Num-ber

Grossincome Deficit


no incomedata-


TRANSPORTATION AND OTHER PUBLIC UTILITIES

1922.1923.1924.1925.1926.1927.1928.1929.19301931.

20, 51121,11322, 43123, 61325,10022, 91223, 66223,95123, 66223, 715

13,69014,26914,56514,86215,44413,85513,88213,61412,10910,933

8,098,0709, 280,7059,099, 04010,952, 50813,518,65312,844,09014,263, 77515, 584, 02612,935, 5696,800,951

979, 2641, 257, 4101,232,0121,468, 6931, 723, 3991,588, 8801,813,0882,092, 6541,334,229902, 635

119, 481150, 999148, 278186,314228, 663210, 878211, 681222,483156, 573105, 585

6,8216,8447,8668,7519,6566,9827,4227,9949,522

10, 622

1, 656,2131,246,3121, 076, 769928,339

1, 245, 6312, 295,8821, 538,1351, 500, 0043,060, 0136, 584,845

196, 480125, 650137, 753134, 745120,174197,472173,170190, 692333, 528605,249

2,0752,3582,3432,0312,160

TRADE

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

95,683100,646105, 323109,588112, 705122, 360129, 766132, 660134, 769136, 520

59, 79168,18668,11271,91071,40374, 74779, 74578, 60659, 74146, 049

22,864,93926,441,51828, 625, 23332,617,03233,459,06333,512,87634,824,46434, 264,08623, 380, 48316,109,402

1,014,0131,197,9261,198, 5861, 254,0461,165, 5581,156,8701, 246,8621,149,235651,097460, 035

107, 042128, 536120, 649145, 350140, 523137, 352126, 332107,14964,16645, 708

35,89232,46037, 21137,67841,30244,93146,60250,48371,74686,799

5,811,9205,832, 6236,490, 2477,229,9067,478,4737,430,8408, 379, 6209, 230, 44713,828,24114,484,044

318, 693264, 797296, 517287, 506330,998362, 339355, 514419, 398738, 695025,431

2,6823,4193,5713,2823,672

SERVICE—PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.

19221923.1924.1925.1926.1927.1928192919301931.

23,14525,11426,32028, 98132, 25734,19336.82939, 64242, 06442,406

13,49415,48215,49516, 57117, 75518, 28719,00820, 23018, 74115, 637

1,689,9591,917,9292,049,1422,283,1682, 628, 0402, 680, 9162,784,1613, 051, 8202, 757, 4011, 698,877

148,367188,368202,165246, 426260, 981244, 464254,186314, 426234, 227117, 925

16, 26220,37722,13128,46731,04028, 62625, 50129, 63223, 70511,081

9,6519,632

10, 82512,41014,50212,85914, 51815, 73719, 47222, 588

525,946500,837582,704556,185732, 272906,079

1,043,4501,140,0891,407,4661,980, 348

59, 61559,14166, 65072, 226103, 772117,065126,709154, 215179, 230241, 288

3,0473,3033,6753,8514,181

FINANCE—BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

91,10596, 772

104, 761115, 947130, 433137,425145, 433150, 588153,182152,920

58,64662, 65467,08973, 24676,81978,10080, 31580, 26072,10259,129

7,148,7105,488,2396, 766,1888, 503,1869,356, 74410, 797,01014,476,37010,872,9517, 519, 5084, 293,852

887,835

995,1241, 523,8231, 336, 8931, 522, 8341,971, 3432,197, 5391,064, 816570, 502

99,09795,114

109,444179,949160, 215181, 706213, 238222, 403109, 45555,166

32,34,

459118

37,67242,53,44

701614582

48,824536475

677477434

1,783,1772,975,8792,305,9432,013, 5822,942,9362,407,0465,231,3224,786,4595,777, 6976, 535,974

397, 661410,813460, 597456, 219528,032566,177566,199

1,008,8271,566,6772,256,843

14,74316,29416,65116,60318,357

NATURE OF BUSINESS NOT GIVEN

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

30,28326, 25026,43913, 54414,87118, 69316, 59717, 24721, 33019,334

12

8401,492960

1,1521,0401,045

27, 39348, 54026,41121, 88615,19712,494

2,6044,1433,9402,3121,7861,796

2203483099488105

30, 27126,25026,43913, 54414,0311,7311,3501,7481,8982,228

3311

327

17,57237,33621,63925,71517, 77324, 354

27280373

1,9566,2879,3986,9208,70312,30318,724

15,470!14,28714,34718,392;16,061




TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showingfor returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and tax 1

YearTotal

numberof re-turns


Number Net income Tax 2

Returns showing no netincome 3

Number Deficit


no incomed a t a -


ALABAMA

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

3,3353,5953,8383,9364,1334,3834,6564,4734,4774,299

2,0962,3482,3732,5692,6182, 6972,6192,3101,7721,380

$29,184, 79445,961,34135, 538,81242, 929, 89040, 662, 23135, 666,94831,251,44329,089,13412, 393,8746,048, 605

$2, 832, 7604, 756, 7243,905.0994,978,9304,860, 5564,171,9743, 054, 6592, 642, 5701,047, 504412, 217

1,2391,2471,4651,3671,5151,3131,6081,7672,2612,370

$7, 765, 4017, 225, 6619, 832, 3438, 288,4349, 949, 9049, 352, 93710, 519, 46016, 471, 55225,019,85729, 844, 771

373429396444549

ALASKA

1922_1923.1924.1925-1926.1927_1928.1929.1930-1931.

107138140159156174175182170181

546868727394941099271

$234,107937,073540, 894571, 677673,666677, 513641,591836,818503,259332, 731

$39,12697,02352, 53259, 523Q6,14962, 63945,74946,25735,24317, 948

53707287834851465586

$191,686217,260

1,000.223370,693379, 716536, 729406, 644252,393447, 882561,918

3230272324

ARIZONA

1922.1923.1924.1925.1926.1927.19281929.1930.1931.

], 5751,562,525,451L, 505,556L,7341,9531,932L,893

486548579593619668766822629506

$3, 888,4698,957,1957,412,6417, 679, 2898, 813, 2767, 779, 7829, 810,75518,991,9714, 756, 4432, 522, 366

$394, 411629,839776,072813,539

1,011, 325865, 061935,934

1, 732,371421,151194, 473

1,0891,014946858886403430510725807

$7, 824, 4825, 551,7225, 375,13510, 809, 7765,154, 2356, 343, 6728,922,81219, 258, 6709,770,97514,970,348

485538621578580

ARKANSAS

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

2,4472,6122,5542,6842,6342,6602,7602,6292,6242,471

1,5271,6691,6701,8231,7011,6261,7071,6801,140899

$18,439,22, 372,18,080,22, 899,18, 597,16, 260,17,064,17,565,6, 755,3,945,

$1,949, 0552, 360, 6331,864, 4492, 515, 3342,122, 8271, 810, 7581, 572, 5421,450,711571, 397302, 706

920943884861933884889795

1,3091,415

$8, 702, 9147,213,8016,820, 6395, 549,165

10, 396, 81212,106, 7049, 448,9996,139, 86819,093,90115,925, 671

150164154175157

1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns ofcorporations are summarized on pp. 204-207.

2 Includes war-profits and excess-profits tax for the years 1917 to 1921 and for 1922, tax on net incomeearned from July 1, 1921, to Dec. 31, 1921, reported on fiscal year returns of corporations whose accountingperiod terminated after Dec. 31, 1921, but subsequent to July 1, 1922.

3 Prior to 1927 returns for inactive corporations showing no income data were included with returnsshowing no net income.



TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showingfor returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and tax 1—Continued

YearTotal

numberof re-turns




Number Deficit


no incomedata-


CALIFORNIA

1922.1923.19241925.19261927192819291930.1931

16,65118, 38619, 73720, 26321,25822,16222,75423, 20623,83623, 738

8,7429,8349,99010, 53910,90111,09811,43811,3169,5177,465

$303,048,110369,970,234376, 724,853417,825,949426, 838, 778447,749,712552,289, 223512,923,444324, 584, 256190,149, 234

$35,465,27043,033, 20944,161, 44250,533, 67254, 319, 33356, 529, 60062,038,11552,960,07136,114, 20620, 714, 203

7,9098,5529,7479,72410,3578,4948,7479,24311, 53813,569

$88,755,77199,996,982116,945,379119,911,974138,640, 232146,148,863145,858,979147,570,283253,756,750395,715,741

2,5702,5692,6472,7812,704

COLORADO

1922.1923.192419251926.1927.1928192919301931

6,8556,3446,4946,3996,5806,8637,1347,3177,2577,205

2,7202,6362,8912,9833,0713,1443,3423,3112,9412, 359

$55, 835, 08060.490,80260,846,14960, 448, 00562, 872,03747,758,47959,932,47752, 349, 38630, 943,42018,442, 088

$5, 546,9476,182,8167,024,0977,077,0707, 811, 7085, 647,3196,108, 5495, 084,0033, 090, 0521, 785, 885

4,1353,7083,6033,4163,5092,2912,3132,4742,8453,355

$29, 747, 82125,414,65426, 209, 21026,159, 04121, 333, 03827, 717, 32017,102,81721,166, 26228, 736, 84940,802,136

1, 4281,4791, 5321,4711,491

CONNECTICUT

1922.1923.1924.1925.1926.1927.1928192919301931

5,2275,4925,7825,9586,2806,6857,1057,5297,9558,074

2,9473,3733,4313,7203,7713,9354,3024,5583,6983,155

$95, 297, 569120,934,894103,180,674125,092,862124,029,378136, 992, 216177, 470, 906199, 914, 33984,910, 50458, 810, 445

$10, 532, 84413,182, 83611,848,12714,886,87315,645,63016,827,36819,569,91120, 781, 8479,169, 7646, 398, 495

2,2802,1192,3512, 2382,5092,2832,3262,4863,7424,425

$24,144, 33937, 594, 85436, 792,13630, 543, 54340,943,39927,108,84828,197,26133, 654, 06680,185,409

104, 326, 665

467477485515494

DELAWARE

1922.1923.1924.192519261927.1928192919301931

1,0021,116991

1,3761,4831,5531,7051,9511,9511,966

481588594780811845984

1,068888674

$22, 716,67141,933,30139,540,91060,931,34582, 896,307116,890,099189, 783,492272, 455,382125, 272,47976,197, 754

I$2, 278, 8833,976, 2824. 703, 2907, 664,61710,815,41515, 547, 64522, 067, 39629, 423, 38614, 548, 4348, 939,332

521528397596672485471583811

1,003

$11, 569,1759, 086, 57012, 787, 46310, 701,12913,485,13322,832,1109, 440, 37634,178, 02745,823, 30393, 407, 969

223250300252259

DISTRICT OF COLUMBIA

1922.1923.1924.19251926.19271928192919301931

1,4661,5751,6561,7531,8881,9882,2202,3292,3172,343

1,1,1,1,1,1,1,

822923942081077070126197124067

$30,390,27344,483,10347,457,56064,493, 22965,987,47555, 838, 32955, 898,40452,909, 24430,330, 49022, 376, 244

$3,196, 8975, 360, 8895, 745,4018,119,1918,671,0697, 225,1286, 422, 7985, 460, 2893, 285, 6962, 418, 670

644652714672811695822872966

1,08]

$6, 211, 6425, 237, 7366, 679, 8194, 510, 5897, 733,9368, 733,8361], 526, 87310,237,36615,134. 68625, 746, 887

223

260227




TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showingfor returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and tax l—Continued

YearTotal

numberof re-turns




Number Deficit


no incomedata—


FLORIDA

1922.192319241925192619271928192919301931

3,8854,3535, 2248,28410,85311,01011, 28311,11911,30911,028

2,0492,4663,0945,4784,7023,4433,3683,4893,4693,064

$24,513,78535, 398, 52862, 343, 490192, 320,33982, 638, 29832, 218,19427, 064, 34328,114,33820, 922,10812, 806, 092

$2, 618, 5363, 821,4817, 006, 389

23, 516, 4579, 624,9293,412, 5522, 275,9032, 210,1541, 676, 279909,147

1,8361,8872,1302,8066,1515,3235,1774,7784,7695,073

$12,917, 00611,855,44714, 287, 77126, 545, 57973, 208, 37693, 803, 28075, 784, 35973, 712,82063,398, 46077, 571,403

2,2442, 7382,8523, 0712,891

GEORGIA

19221923192419251926.1927.1928192919301931

4,7454,9635,0995,2515,2815,5245, 6205,7385, 6785,567

2,7153,0943,0803,3543,2343,4163,4093,3902,6811,980

$56, 774, 63663,751,48750,161,66067, 080, 73561,823, 77370, 521,19364, 903, 08962, 280, 92823,924,81718, 623, 715

$6, 204, 0667, 023, 8585, 536, 2057, 699, 5837, 564, 4718,320,1176,891,2856,104,9892, 252, 3401,664,451

2,0301,8692,0191,8972,0471,8391,9222,0372,7173,308

$17, 609,99116,996, 46422, 279,97618, 297,39823, 522,02119, 387,37618, 500,35020,485,64239,199,80944,108, 858

269289311280279

HAWAII

1922.1923.1924.1925.1926.1927.1928.192919301931.

604586607594633686734784785669

351364393380429445455448413295

$15,159,06827, 706, 58231, 529,81622,148,29225, 849, 46328,349,25833,455,83228,828,91022, 836,1214,551,834

$1,750,9823,037,3163, 625,4192,794,2313,396,2493,715,3103,883,1193,045, 5032, 643,151477,030

253222214214204203238291339346

$4,427,2301,475,8201,109,0532,269,4111,666,6982, 200,1291,696,2872,894,7994,787,3199,228,220

3841453328

I D A H O

1922.1923.19241925192619271928192919301931

1,8721,9512,0712,2792,2822,2702,3522,4122,5092,509

1,

1,1,1,

7348-40902012991014061054919685

$6,347, 52710,330,8846,845, 5639,013,8707,707,1495,930,4416, 644,8197, 524,9584,942,9932,819, 442

$462, 751965,874680,401975,132837,110587,368535,238505, 247402,616225,576

1,1381,1111,1691,2671,291564553593790

1,031

$5,436,2225,320,2885,828,7475,195,9746, 219,4555,915,3136,839,3944,619,7029,156,477

12, 715,770

692738765800793

ILLINOIS

1922192319241925192619271928192919301931

24,18425,24226,41427, 23928,34029, 24830,44431, 70032,04332, 260

14,36015,94115,95916, 76716, 98616,91317,66817, 69813,38910, 489

$670,758,004752, 649, 643706,054,194851,832,473901, 781, 956836, 587, 699

1,012,940,1401,103, 647, 465

586, 664,164263, 613, 607

$75,884,48682,678,90782,467,674105,692, 356116, 558, 602107,498, 653115,222,042115,132,83666,135,07928, 519,781

9,8249,30110,45510,47211,35410,05210,37011, 33915, 78018,920

$173,860,580136,524,673161,659,103141,187, 284159, 686,695185,949,352179,767,433216,642,175407,149,790642,841,569

2,2832,4062,6632,8742, 851




TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showingfor returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and tax J—Continued

YearTotal

numberof re-turns




Number Deficit


no incomedata-


INDIANA

1922.1923.1924.1925.1926.1927.1928.1929.19301931.

10,04110,39910,83211,05711,08011,46311, 70311, 78911, 66311,989

6,2416,7216,5566,8266,8896,8216,8366,8815,2894,395

$122,163,938136, 413,095114,989, 588135, 335, 396129, 343, 772115,759,921122, 603,012124, 079,66571,466, 76050,361,661

$13, 778,42415,083,51912,930,26715,736,20015,747,69913,965,44512,901,86211,980,2327, 250,2434, 887, 795

3,8003,6784,2764,2314,1913,3433,5613,7055,1866,236

$40,050,44336,019,103.41,903,48930,881,04133,416,05041, 571,09234,983, 50240,187, 72370,089,95295,806,968

1,2991,3061,2031,1881,358

I O W A

1922.1923 _1924_1925_1926_1927.1928 _1929.1930 _1931_

8,8399,0258,9619,0488,8439,0508,6439,1169,1259,350

5,3435,4774,9935,1155,0605,0874,9815,1094,5583,527

$49,066,14457,437,10849,731,87556, 258,65956,751,21553,291,85465,509, 67068,045, 52946,489,26525, 509,055

$4, 768, 5505, 842,9166, 284,9016,302, 4856, 585, 7856,153,9526,604,3136, 398, 7694, 573,8252, 360,861

3,4963,5483.96S3,9333,7832,5922,5072,4303,0774,119

$21, 689,19023,042,43525, 289,57224, 376, 79425,033,36819,190, 24818, 549,65120,436,34228,275,70447,426,947

1,3711,1551,5771,4901,704

KANSAS

19221923192419251926192719281929.19301931

4,9564,9284,9855,0035,2805,1915,2285,1925,3085,290

3,1152,9873,1843,1323,2533,1223,2583,2782,8462,111

$121,146, 80787,085,92684,610,712109, 216, 206131, 458,92499, 605, 516108,126, 632134, 228,18274, 320,73332,438,616

$14,445,99710, 270, 5669, 832,97313,442,85417,017,07712,807,20812,099,54513,952,0478, 241,4403,435, 250

1,8411,9411,8011,8712,0271,6771,5311,5172,0592,714

$14,468,33017, 532,72815,351,31013,573,39412,888,99029,872, 52610,460,04412,768,09729,351,94952, 644, 624

392439397403465

KENTUCKY

1922.1923.1924.1925.1926.1927.1928.19291930.1931

5,1195,1535,2255,2955,4795,7185,8945,6685,7645,470

3,3153,3813,2263,4183,4033,3973,4573,3162,7672,158

$69,658,73472, 582, 28864,974,99578,148, 74177, 202,97072,269, 85475,154, 44977, 305, 05338, 452, 72418, 965, 434

$7,376,1378,139,7107, 347, 4379,418, 2249, 612, 262S, 892, 7588,172, 0287, 745,9333,981,8101,843,385

1,8041,7721,9991,8772,0761,6911,7831,7992,3642,765

$18, 085, 65813, 264, 64216, 972, 87611,483, 72914,471, 05114, 493, 78415,998, 23716, 387,99274,305,03740, 242,071

630654553633547

L O U I S I A N A

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

4,9875,1095,1555,2505,6575,8176,0726,3146,4406,597

2,5802,8412,9433,1213,2773,2193,3703,4242,9032,415

$51, 649, 25368, 344, 72354, 436, 36264, 232, 93862, 497,08156,860, 79760, 220, 62553, 648,14033, 217, 31423, 234,174

483, 592543,885934, 261268,660554,101752,612122, 204980,312096, 364149,945

2,4072,2682,2122,1292,3802,0922,1322,2422,8813,440

$44, 743, 53323,034,85024, 738,17926,152, 66426, 200,38228, 323, 04427, 384, 84632,195, 85251, 988, 38859, 975, 236

506570

656742





YearTotal

numberof re-turns


Number Net income Tax <


Number Deficit


no incomed a t a -


MAINE

1922.1923.19241925.1926.1927.1928.1929.1930.1931.

3,2193,2973,4443,4643,4433,4893,6443,7203,7893,884

1,8552,0011,9661,9451,9722,0722,0922,0951,8881,535

$40,170,19444, 434,98031, 347, 81339, 071,91932, 528,97436, 574,45034,914, 66635, 378, 74824, 232, 26913,355,116

$4, 755, 3604,983,8003, 533,8324, 584, 4313,908, 7534, 326,8053,702,5063, 431,9422, 496, 3591,304,067

1,3641,2961,4781,5191,4711,0421,1331,1801,4761,806

$11,175, 50710, 320, 01712,818, 61510,186,81910, 464,17211,269,6048, 974, 306

20, 792,19728, 486, 78636, 900, 072

375419445425543

M A R Y L A N D

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

4,5994,7835,2025,4615,6215,7875,9706,1895,9225,841

2,5202,8102,9333,0903,1883,1623,1443,3342,7752,255

$65, 766, 88099, 326, 34583,492,835103, 664, 691118,165, 800104,113, 296156, 351, 652165, 645, 057116, 375, 49076, 621,803

$7, 355, 37011, 349, 0599, 846, 91112, 753, 25114, 934, 20713,188,85417, 573, 37016, 850,93913, 224, 8178, 736, 482

2,0791,9732,2692,3712,4331,8822,0672,1432,4792,932

$23,130, 83816, 301, 84021, 782, 53219, 345, 23220, 398,16036, 988,16725,824, 76430, 009, 77057, 807, 757101, 812, 765

743759712668654

MASSACHUSETTS

19221923.1924.1925.1926.1927.1928.1929.1930.1931

15,86715, 86117,10116, 44417,63918,18218,85119, 40120, 07019, 678

8,9229,4869,4129,6319,7529,90710, 26610, 3838,3166,727

$415, 230, 727462, 478, 692352, 209, 591407, 768, 963382,931, 611399,971, 159412, 506, 062444,569,972249, 537, 347170,982,957

$47, 813, 57653,151, 34340, 796, 07449, 269, 09648, 500,01049,174, 30445, 923, 26844, 619, 55127, 837, 35218,985,123

6,9456,3757,6896,8137,8877,1497,5017,98010, 54611,948

$153, 696, 505125, 643,432173, 656, 457112, 722,084146,128, 051136, 207, 941147, 014, 255190, 760, 215346, 662, 268337, 203, 586

1,1261,0841,0381,2081,003

M I C H I G A N

1922.1923.1924.1925.1926.1927.1928.1929.19301931

11,85312,17412, 77813, 01613, 55314,12014,92015, 54315, 75815, 287

6,5717,2947,4298,1038,2827,9538,6558,6316,0454,562

$447, 225, 520521, 024, 836497,940, 013762, 997, 200672, 422, 283624, 658, 470735, 670,950762, 434, 851389, 342, 499239,139, 631

$50, 070, 74660, 729,13759, 869, 25796, 056, 34488,183,33081,971,43885, 310, 23971, 628, 02643, 857, 77427,122, 517

5,2824,8805,3494,9135,2714,8734,8405,4488,0639,124

$76, 326, 21770,047,81263,963,11963, 876, 03884,481, 252134, 299, 345159,476,988119,044,474193,927, 520299, 845, 008

1,2941,4251,4641,6501,601

M I N N E S O T A

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

10, 26910, 56810, 80010, 73310, 96511,10111, 30211, 48211,47611,403

5, 5475,7955, 7835,9995,8705,9106,2296,3165, 4914,364

$96, 881,835116, 711, 287111,844,643131,886, 399130, 211, 654117, 223, 824155, 636, 570146, 668, 78087, 556, 08957, 311, 241

$11,097,39112, 604, 26012, 698,03515, 796, 49416,155, 55014, 227, 46017, 090, 92414, 697, 2849, 224,9305,990, 797

. 4,7224,7735,0174,7345, 0953,6933,5443, 5634, 4355,427

$38, 678, 45636,011,16941, 333, 31331,810,11231. 055, 90436, 398, 26328, 225, 75532, 732. 27160,139,408105,601,407


177160—34 13

1,4981, 5291,6031,5501,612




YearTotal

numberof re-turns



Returns showing no netincome3

Number Deficit


no incomedata-


MISSISSIPPI

1922.1923.1924.1925.1926.1927.1928.192919301931

6,1895,9221,9771,9992,1132,2402,4322,5622,6042,585

3,3342,7751,3051,4471,4131,4351,4821,4931,044782

$165, 645,057116,375,49013,197,41515,758,77513,166, 44012,175,94212, 700,02413,736,9475,999, 7533,485,022

$16,850,93913,224,8171,335,6531,663,5451,435,1001,241,9531,066,1321,130,678512,460266,893

2,1432,479672552700674780894

1,2931,461

$30,009, 77057,807, 75712,171,2173,797,2897,404,9547,861,0176, 779,4457,728,47814,364, 51615,105,055

712

131170175267342

MISSOURI

1922.1923.1024.1925.1926.1927.1928192919301931.

14,19014,56215,13915,67316,14516,37016,75117,22317,10616, 767

8,4459,0188,9069,3729,1609,0179,1379,1467,4115,723

$203,959,349227,323,356225,899,300272,483,866267,510,006239,670,651256,780, 500262,694, 594162,446,149101,314, 752

$23,127,24725,782,47226,039,34033,347,36533,947,81130, 280,87427,953,08526, 786,03817,748,47710,871,634

5,7455,5446,2336,3016,9855,6275,7116,0687,6919,107

$59, 551,94151, 267,98656,248,62048,706,86451,022,18866,959,91560,573,08365, 537, 732103,085, 730185,866,753

1,7261,9032,0092,0041,937

MONTANA

1922.1923.1924.1925.1926.1927.1928.1929.19301931

3,9223,8654,0283,9073,8664,0203,7083,5853,3503,201

1,4351,4241,4891,6091,6861,8371,9331,8221,4191,099

$9,069,4158,815,4408,948, 56211,841,16313,936,91713,312,09214,643,47711,941,5195, 581, 6863, 285, 696

$890,678876,050841,019

1,196,4461, 519, 5241,361,2291,249,331940, 562378,965250, 855

2,4872,4412,5392,2982,180983960

1,0701,4541,729

$9,111,48912, 343,1158,765,8737, 716,2156, 642, 6169,342, 5145,483,1846,769,98110,628,71517,488, 714

1,200815693477373

NEBRASKA

1922.1923.1924.1925.1926.1927.1928,192919301931.

5,1024,8584,6794,5834,5944,7164,8364,7254,7864,860

2,9332,8572,8962,8682,8152,9583,0602,9692,7082,071

$26,166,14125,019,82426,913,91430,390,91927,497, 55626,750,14430,623,67030,079,15021,995,93612, 648, 406

$2,645,9152, 555, 2432, 762,8663, 317,8073,122,1342,981,5372,882,2772,662, 4662,043,0761, 087, 290

2,1692,0011,7831,7151,7791,2961,2511,3521,7052,355

$12,068,95113, 204,15113,116,11712, 537, 51610,177, 7629,461,62610,355,71617,306,06915,628,43221,106,405

462525404373434

NEVADA

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

1,2681,1561,0491,029969874

1,0261,0331,022997

329337327351326314353351309301

$1, 723, 4042,558, 5941,661, 7522,341, 5382,881,1014,108,7086,963,4369, 771,1745, 547, 4526, 839, 518

$150, 011225,107147,158214,831315,794486,925736,162971,353594,841754, 270

939819722678643253281315401410

$3,666, 5253, 293,9523,378, 2376,442, 3703,076,9903,412,4184,601,7954,329,5285,845,0954,777,374

307392367312286





YearTotal

numberof re-turns

Returns showing net income I Returns showing no netincome 3

Number Net income Tax 2 Number Deficit


no incomedata—


NEW HAMPSHIRE

1922.1923.1924.19251926.1927.1928.192919301931

,0741,121,175,198L, 183,227L, 322,349, 3961,345

689750704758715754767803707587

$10, 783,13112, 673,1628, 535,89610, 261, 6229, 293, 31411,147, 51411,398,16711,948,1827,455,1554,165, 687

$1,138,9951, 404,078929,840

1,168, 6321,064, 6561, 240,3531,167,8301,116,811

720, 031362, 049

$6,404,8492, 515, 7804, 392,4405, 780,3788, 052,1676, 099,32911,104, 0224,781,86211, 646, 6708, 733,026

7489696871

NEW JERSEY

1922.1923.1924.1925.1926.1927.1928.192919301931.

11, 76213,06214, 22915,15117,48019,14320,50921,88522, 48922,967

6,8928,1208,5809,49410,41310, 78311,31011, 6469,9458,449

$235,261,473273,897,476260,526,000331,624,315342,090,109349,484,078376, 247,302444, 894, 582224,871,340157,129,476

$27,150, 69031, 254,96630,688,91339, 208, 72642,830,41443,336, 56841,171, 30745,680,19024,074,96316,813,137

4,8704,9425,6495,6577,0676,8637,6058,46810, 71112, 515

$49,644,01953, 746,53059,665, 61155, 326, 20467,550, 66683,001,92985, 635,488136,749,363238,325,954441,476, 716

1,4971,5941,7711,8332,003

NEW MEXICO

1922.1923.1924.1925.1926.1927.19281929.19301931.

941953

1,037941

1,1081,0191,1031,1261,1361,172

450424413435471495541558491375

$3,405,5362, 974,8362,873,9523,172,8073,707,8753,998,3204, 620,5554, 320, 2252,455,4851, 247,468

$329, 732269, 960270,885311,179395,119417, 713415,303353,891178,81767,957

491529624506637283282300430558

$3,388,8562,894,0453,441, 2162, 815, 3523,667,8592, 748,1052, 221,2172,527, 2003, 228,1224,087,675

215239

N E W Y O R K

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

64,86269,86375,04379,41489, 61796,949103, 372107,300111, 100110,851

35,50440,84843,40646,83851,42453,05155,00855, 30447, 67439, 271

$1, 752,190,8682,156,929,8952,096,541, 7202, 598,418,5242,770,885,1502,545,506,9953, 248,916,4083,646, 921,9912,091, 540,1711, 216, 637,360

$200,602,150248,108, 254246,109,308322, 979,149356,408,976324,572,838367, 733, 278383,110,174238,010, 215135, 401, 630

29,35829, 01531, 63732, 57638,19336,10840,06243,86554,62762,639

$541,970,527537,455, 537520,316,060455, 798,999517,071,252576,624,818573,651,985854, 292,019

1,355, 500,3311,918,458,514

7,7908,3028,1318,7998,941

NORTH CAROLINA

1922.19231924.1925.1926.1927.1928.1929.1930.1931.

5,7145,9876,0856,2676,4506,5016,6696,5706, 5446,219

3,4863,8103,5293,7623,6863,6883,4623,0092,1611,819

$99,169, 237107,931,47983, 731, 523106, 623,327102,878,778114, 607, 04696, 562,498104,313, 76673,172,10171,192, 986

$11,465,95712, 502, 6139, 726,31212,821,97113,016, 76914,146, 62710,769, 65010,862, 7568,333, 9308,148, 251

2,2282,1772,5562,5052,7642,3082,6673,0113,7323,803

$9, 786,03811,655,02919,489,85014, 536, 34722,012,60016,413,48320, 784,14625,344,07536,858,96840,106,981

505540550651597





YearTotal

numberof re-turns




Number Deficit


no incomed a t a -


N O R T H D A K O T A

1922192319241925192619271928192919301931

2,8482,9383,0843,2453,4453,4713, 5283,4253,5743,548

1,5291,3341,6011,6841,5521, 6951,7371,4671,183826

$4,748,3, 477,5, 699,7, 972,6, 574,5,411,5,687,4, 537,2, 721,1, 651,

$338, 363215, 939443,397547, 214421,660399, 437320, 818251, 247132, 59494, 476

1, 3191,6041,4831,5611,893943972

1,0851,4581,735

$4, 572,9925, 348, 2504, 778, 6683, 982, 3114,864,7823,150, 0303, 220, 3293,844, 9724, 533, 0206, 535, 693

833819873933987

OHIO

1922192319241925192619271928192919301931

21, 39022,09722, 75423, 23923, 47524, 30524, 72225,17325, 45925, 462

12, 49513, 75813, 36914, 26614, 26614, 02014, 34414, 29910, 6768,318

$419,174, 756538, 602,037442,810,151564, 543, 064530,119, 098505, 740, 230589, 966,142687, 230, 541301, 339, 374170, 378, 376

$44, 710, 60157, 442, 92451,129, 97469,182, 02766,541,32463, 487, 48364, 775, 63871,392,51333, 041,14618, 223, 300

8,8958,3399,3858,9739,2098,9018,9429,51513, 36515, 457

$144, 661, 602118, 996, 299144, 560, 904153, 510, 940113,122,321132,171, 607123, 830, 483153, 560, 559250, 365,035391, 052, 207

1,3841,4361,3591,4181,687

O K L A H O M A

1922192319241925192619271928192919301931

5,7505,7095,7295,6085,8356,1326,4566,6716,9446,558

2,7012,6152,9293,1413,2993,2713,5123,6492,9481,717

$39, 456, 54426, 788,07739, 221, 97073, 912,16184, 300, 59956, 608, 46579, 233, 405105, 607, 36471, 297, 42520,911,250

$3, 924, 2532, 700, 6053, 969, 2678, 025,17110, 327,1226, 368, 0398,124,1649, 794, 6587, 739, 2132,171, 005

3,0493,0942,8002,4672,5362,0902,1772,1693,0734,054

$47,004, 61254, 042, 50142, 571, 79827, 331, 69732, 927, 56345, 640, 67336, 289,11328, 448,15169, 417, 719119,878,930

771767853923787

OREGON

1922.1923.1924.1925.192619271928192919301931

5,1345,3015,6475,8506,1446,3506,6736,8637,0126,880

2,3992,5922,7332,9103,0033,0283,1313,1052,5901,910

$27,892, 45335, 418, 79529,088, 36528,652, 48326, 867,00823, 694, 48629,384,71530,026, 50317,009, 7818, 936, 249

$3, 029, 3673, 630, 7263,106, 6103,153, 7012, 994, 7172, 493, 7162, 736, 9182, 600, 7731, 516, 892768, 347

2,7352,7092,9142,9403,1412,1722,2322,3452,9793,467

$20, 327, 67514, 470, 56340,856, 24416,873, 65321, 240, 21121, 736, 06118,903,68520,409,80537,439,08343, 979, 303

1,1501,3101,4131,4431,503

P E N N S Y L V A N I A

1922.1923.1924.1925.192619271928192919301931

21, 35422, 65623, 42923, 50224,17324,88325, 55826,35726, 57726, 448

12, 25613, 47812,98813, 56913, 82013,19313, 37013, 88011, 2548,452

902,478, 647730, 528, 286891,119,486941,818,944806, 494,048905, 714, 567

1,060,023,187565, 536,120249, 231,149

$78,956, 643104, 619, 29537, 512, 252111,207,111122, 361, 366104,134,847104,000, 212112,112,66064,380, 32527,370,867

9,0989,17810,4419,93310, 3539,3309,6659,79512, 54915,183

$173, 995,1,54136,776, 201158,156, 630151,087,052150, 306, 532188, 396,811181, 313, 094193, 501,282316, 422,080476,652,171

2,3602,5232,6822,7742,813





Year

Totalnumber

of re-turns




Number Deficit


no incomed a t a -


RHODE ISLAND

1922.19231924192519261927.1928192919301931

2,2372,3532,4552,5032,5662,6882,8712,9643,0683,127

1,2501,4411,3101,4191,3681,5361,6281,6501,3701,217

$61, 613,17770, 428,80344, 861, 72350, 375, 59943, 395, 77249, 045, 87851, 732,37754, 487, 24123, 344, 79718,183,851

$7, 303, 2498, 213, 7885, 236, 7496, 018, 5925, 476,8795, 790, 7075, 585, 3115, 503, 5882, 677, 2261,887,304

987912

1,1451,0841,198947

1,0001,0671,4501,655

$25, 541, 26025,344,06937, 321,85824,129,91722, 640,08816,193,30515,106,98919, 730, 96457, 782, 95955, 366, 722

205243247248255

SOUTH CAROLINA

1922.1923.1924.1925.1926.1927.1928192919301931.

4,0064,1714,1043,9243,8223,7133,8173,7593,6263,610

2,0272,3682,1112,1581,7681,7681,7101,5971,229980

$29,325, 43034, 067 47714, 250, 79720,003,47015, 324, 80124, 790, 79217, 815, 74016,160, 9096, 281, 2346,084,009

$3,019,1953, 369, 7711,372, 4691, 912,1041,692,9112, 693, 8171, 804, 3831, 464, 494

525, 487539,117

1,9791,8031,9931,7662,0541,5481,7091,7752,0312,244

$9, 518, 4057, 827,95212,435, 20812, 046,95912, 468,1888, 612,1319, 368, 34111, 462, 54425, 630, 01718, 418, 696

397398387366386

SOUTH DAKOTA

1922.1923.1924.1925.1926.1927.1928.1929.19301931.

2,8132,8562,9702,8382, 8723,0082,9543,0713,1273,132

1,5251, 5361,5591, 5761,3541, 6651, 7121,6851,5141,093

$4, 559, 7064, 222, 5794, 792, 5505, 257, 2503, 436, 8145, 230, 3266, 229, 5936, 295, 7954, 845, 5012, 240, 930

$313, 282296, 618355, 445426,159256, 921387,136394, 344394,531293, 708117,917

1,2881,3201,4111,2621,518704677816998

1,361

$3, 703, 8844,062,1274, 022, 9243, 357, 2543, 926, 6722, 893, 8462, 336, 8422, 783, 6803, 441, 0565, 022, 415

639565570615678

T E N N E S S E E

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

4,9064,8605 1004,8014,9555,0395,2135,3385,4085, 312

3,0053,0843,0743,0473,0473,0543,0393,0322,4631,832

$57, 724, 46554, 321, 63052, 089, 33666, 906, 46366,926, 64661, 403, 02565, 892,91759, 532, 77133,117,36722,969,046

6, 265, 7675, 900, 2205, 789,1047, 792, 7198,176, 8297, 404, 8937, 039, 4685, 744,4403, 363,8502, 273, 944

1,9011,7762,0261,7541,9081,5771,7471,8522, 4833,007

$12, 750, 41815, 591, 28520, 990, 55512, 677, 41417, 420, 52718,545,01818,068, 75524, 702,12646, 887,97345, 251, 595

408427454462473

TEXAS

1922192319241925192619271928192919301931

9,59110, 22710, 78711,24511,97012, 93014, 23814, 55215, 43115,225

5,4976, 2736,8156,8907, 2537, 5248,2938,1566,6605,216

$94, 059, 389102,801,770150,501,590206, 658,194199, 524, 527142, 338, 038173, 980,186189,131, 65397, 054, 49845,981,355

$10,11,16,24,24,17,18,18,9,4,

466, 223038, 403819,180862, 385863, 040051, 098441,180193,363738, 593310, 682

4,0943,9543,9724,3554,7174,3534,7615,2437, 3628,582

$75, 424, 34368,461,27250, 576,80545, 913, 93352,191, 06757, 302,81568, 852,11566, 898, 581106,850, 621152, 978, 375

1,0531,1841,1531,4091,427




TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showingfor returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and taxl—Continued

YearTotal

numberof re-turns




Number Deficit


no incomeda ta -

Inactivecorpora-

tions *

UTAH

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

3,0513,0453,0963,1203,0833,1253,5083,2453,3013,135

1,3491,4681,4831,6351,5371,5891,7121,6461,392977

$16, 528, 90022, 517, 47419, 351, 55521, 297, 44918, 565, 79617,178,82120,363,45819, 932, 65211,322,6675, 055, 654

$9, 401, 4188,137, 6487,727,1889,698, 2629,894, 3099, 636, 5298,750,9648,581, 56714, 324, 98918, 046, 476

631866423247617

V E R M O N T

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931,

1,036i 0381,0601,0881,0961,0891,1121,1201,1201,169

682755683708699683724704572420

$9, 245,94512,163, 4579,133, 39610,237,93710,429,3229, 926, 67410, 314, 26610, 254, 5895, 287,4571, 932, 563

$972, 2161, 261,1881,011,2711, 218, 2351,230,1321,164, 2371, 038, 308962, 763491, 254154,727

354283377380397348342357492693

$3, 626,9312,983, 6993, 774, 7743, 469,9104,178, 0515,571,0514, 597, 9349, 641, 5726,215, 4307,792,247

5846595656

VIRGINIA

1922.1923.1924.1925.1926.1927.19281929.1930.1931.

5,6435,9576,0186,2146,3586,4856,7857,1687,1397,071

3,2683,7113,6753,8343,7953,7953,8353,8373,2412,730

$83,014,73094, 500,11582,085, 981112,238,006135,858, 624123,647,900118, 504,599132,956, 424110, 674, 82976,746, 389

$9, 534, 32310,835,1109, 392,47813, 405,46117, 283, 67415,770, 45813,166,37613, 793,93612, 519, 4338, 662, 031

2,3752,2462,3432,3802,5632,1372,3372,6133,1853,661

$25, 666,91827, 636,06327,703,922

17, 389, 27222, 530,74718,790,38222, 534,62844, 413, 50750,869, 659

553613718713680

WASHINGTON

1922.1923.1924.1925.1926.1927.1928.1929.1930.1931.

9,8029,78610,09510,19110, 74810,97711,84712,15912, 70913,091

4,3274,8844,8555,2595,3055,3555,8745,9244,9343,916

$59,864, 57483,737,48854,809,15863,838,64663,300,51162,700,44975,391,04776, 230, 22731,491,68317, 607, 970

$6,195,1578, 999,4125,850,6627,122, 2787, 285,8197, 222, 2317,419,2166,985, 7662, 685, 6571, 396, 507

5,4754,9025,2404,9325,4433,7483,7994,0585,3066,388

$31,441,77726, 503,05331,770,30929,367,03733,503, 26633,997,34431,004,39231,683,92757,351, 26283,322,824

1,8742,1742,1772,4692,787

WEST VIRGINIA

1922.1923.1924.1925.1926.1927.1928192919301931

4,8485,0625,3665,2055,1425,2395,1455,1735,1014,953

2,9623,0882,8182,8433,0002,9282,7732,8732,4771,900

$71, 767, 77373,477,88450, 065,17264,525,29176,151, 59157, 023, 96951,922,82259,046,70327,487, 23916,445, 207

$7,871,8288,344,0755, 635, 5277, 632, 6619,415,0616,995, 7695,445, 4065, 757,0112,646, 5731, 586,022

1,8861,9742,5482,3622,1421,8251,9101,8432,1082,508

$13,846,19120,016,45728,027, 54223,393,06618,899,98123,073,30419, 963, 68917, 257,82221,379,80338,950, 365

462457516545



STATISTICS OF INCOME 193TABLE 19.—Corporation returns for 1922 to 1931 by States and Territories, showing

for returns with net income, no net income, and no income data, the number ofreturns, net income or deficit, and. tax l—Continued

YearTotal

numberof re-turns




Number Deficit


no incomed a t a -

Inactivecorpora-tions »

WISCONSIN

192219231924192519261927.1928.1929.1930.1931.

12, 59612,79713,14413,48913,82714, 45615,39315,83616,00916,311

7,1277,8817,6798,1418,2538,5678,8288,8106,7775,199

$129,878,747150,217,630132, 284,875171,192,887187, 043, 641185,418,099184, 569, 354198,397,599103,139, 63350, 205,168

$14,204,87816,386,92915,113, 20020,325,14923,192,75823,117,90820,122,26419,928,16410,920,5035,100, 251

5,4694,9165,4655,3485,5744,1724,6815,0797,2349,067

$45,799,11437, 604,96136,919,63535,078,06136,632,01239,756,03245,955,10147,430,47273,340,050

109,487,196

1,7171,8841,9471,9982,045

WYOMING

1922.1923.19241925192619271928.192919301931.

1,6611,6361,5271,4511,4181,4021,4411,4681,4401,416

710747761789776788881798721580

$4,959,1185, 322,7174,411,9418,187,8585, 232, 6694,920, 1115,737, 2693,975,8463,065,7781,701,367

$465,724512, 562391,311884,463533,681491, 747456,749262,169202,88991,161

951889766662642413364450492634

$6,000,8045,656,7675,329,3293,865,3603,569,3763,856,4352,677,5673,690,7183,991,4814,873,959

201196220227202



REVENUE ACTS OF 1909 TO 1932

SYNOPSIS OF

INCOME- AND PROFITS-TAX RATES

ESTATE-TAX RATES

CREDITS AND EXEMPTIONS

AFFECTING THE COMPARABILITY OF DATA IN

"STATISTICS OF INCOME"

195


REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME- AND PROFITS-TAXRATES, ESTATE-TAX RATES, CREDITS, AND EXEMPTIONS AFFECTINGTHE COMPARABILITY OF DATA IN "STATISTICS OF 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, exemptions, andcredits, under the Revenue Acts of 1909 to 1932, inclusive.

ESTATES

E. Federal estate-tax rates, specific exemption, and credits againstestate tax, under the Revenue Acts of 1916 to 1932, inclusive.

197


A.—Individuals required to file returns, personal exemption, credit for dependents, and normal tax rates under the Revenue Acts of 1918 to 1932,inclusive CO

00

. Revenue act

Applicable to citizens and residents of the United States

Income year

Individuals required to file returns 2

Married and livingwith husband

or wife 4

Netincome •'

Gross in-come re-gardless

of amountof net in-

come

Single, or marriedand not living with

husband or wife

Netincome

Gross in-come re-gardless

of amountof net in-

come

Marriedand livingwith hus-band orwife, orhead offamily

Personal exemption and creditfor dependents 3

Single, ormarried

and not livingwith husbandor wife, andnot head of

family ~

Creditfor de-pend-ents 8

Amount of net in-come subject tonormal tax 6

Normaltax rate

(per-cent)

Marriedand livingwith hus-band orwife, orhead offamily ">

Applicable to nonresident aliens J

Personal exemption

Single, ormarriedand notliving

with hus-band or

wife, andnot headof family"

Creditfor de-pend-ents 8

Nor-maltax

rate6

(per-cent)

1913 (Oct. 3, 1913)

1916 (Sept. 8, 1916;amended Mar. 3 andOct. 3, 1917).

1917 (Oct. 3, 1917)

1918 (Feb. 24, 1919)

1921 (Nov. 23, 1921)

1924 (June 2, 1924)..

Mar. 1,1913,to Dec. 31,1915.

1916

[1918.

1919, 1920..11921<M92211923 in

1924

1926 (Feb. 26, 1926)-1925.1926.1927-

/1928-

1928 (May 29, 1928),--.

1932 (June 6, 1932)

1929 i

1930..

1931..

1932..

$3,000

3,000

2,000

2,000

2,000

2,000

2,500

3,500

3,500

2,500

$5,000

5,000

5,000

5,000

5,000

$3,000

3,000

1,000

1,000

1,000

1,000

1,000

1,500

1,500

1,000

$5,000

5,000

5,000

5,000

5,000

$4,000

4,000

2,000

2,000

2,000

1 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

All.

All.

/First $2,000\Balance over $2,000_.f First $4,000\Balance over $4,000../ First $4,000\Balance over $4,000_./First $4,000^Balance over $4,000._First $4,000Second $4,000Balance over $8,000._First $4,000Second $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.

f First $4,000\Balance over $4,000..

246

35IK35

u K14 214 4

i:3'5IK354

None

$4,000

None

1,000

1,000

1,500

1,500

1,500

1,500

1,500

1,000

None

$3,000

N o n e

(9)

(9)

1,000

1,000

1,500

1,500

1,500

1,500

1,500

1,000

N o n e

N o n e

N o n e

(9)

(9)

2 N o n e

(12)

02)

(12)

(12)

(12)

(12)

(12)

2

12

8

13g

136

13 5

135

13 U 4

135

135

O

o


1 Required to file income-tax returns for all income derived from sources within the United States, regardless 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 file returns on a calendar year basis, while under the Revenue Act of 1918 and subsequent years,

returns are permitted for a fiscal year other than that ending Dec. 31. (b) For the years 1913,1914, and 1915, citizens or residents of the United States whose net income was less than$20,000 and for whom a full return was made by withholding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving a large portion of theirgross income from sources within a possession of the United States are required to file returns for all income derived from sources within the United States or income from sourceswithin or without the United States received within the United States, regardless of amount. (See sec. 262 of the Revenue Acts of 1921, 1924, and 1926, and sec. 251 of the RevenueActs of 1928 and 1932.) (d) For 1925 and subsequent years American citizens who are nonresidents of the United States for more than 6 months of the year are not required to reportearned income from sources without the United States and are not required to file returns unless their gross income, exclusive of earned income from sources without the UnitedStates, exceeds $5,000; or unless their net income, exclusive of earned income from sources without the United States, exceeds the amount indicated above under "Individuals requiredto file returns." (See also (c) above.) For 1932 and subsequent years income from sources without the United States does not include amounts paid by the United States or anyagency 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 possession of the United States, for 1921 and subsequent years. Such citizens areentitled to the personal exemption and 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.5 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 prose-

cution of the war is included to a reasonable amount in business deductions for 1918, 1919, 1920, and 1921.(b) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net income before deducting the contributions, are deducted for 1917 and

subsequent years. For unlimited deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts of 1928 and 1932. .(c) Losses sustained in transactions entered into for profit but not connected with business or trade are not deductible for 1913 to 1915, inclusive. For 1916 and 1917 such losses

are deductible to the extent of the aggregate income from such transactions; for 1918 to 1931, inclusive, such losses are wiiolly deductible, excepting that for 1924 and subsequent yearsthe loss, if incurred through the sale of capital assets held for more than 2 years, is deductible from total tax, to the extent of 12M> percent of the loss. (See table C.) For 1932 andsubsequent years losses from sales or exchanges of stocks or bonds (other than capital assets held for more than 2 years, and other than bonds issued by a government or politicalsubdivision thereof) are allowed only to the extent of the gains from such sales or exchanges.

(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the taxpayer: In the case of a net loss for any taxable year beginning afterOct. 31, 1918, and ending prior to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the preceding year, a redetermination of taxes for thepreceding year being made. When the net loss exceeds the net income for the preceding year, the amount of such excess is to be deducted from the net income of the succeedingtaxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year beginning after Dec. 31, 1920, may be deducted from the net income of the succeed-ing taxable year, and if such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the next succeeding year. The Revenue Act of1932 provides that a net loss for the year 1930 and succeeding years shall be allowed as a deduction in computing net income for 1 succeeding taxable year only.

6 Net income subject to normal tax is all net income after deducting the sum of (a) personal exemption; (b) credit for dependents; (c) dividends on stock of domestic corporations(other than those deriving a large portion of their gross income from sources within a possession of the United States, 1921 and subsequent years, and other than China Trade Actcorporations, 1922 and subsequent years, and other than corporations exempt from tax for 1932 and subsequent years); (d) dividends on stock of foreign corporations receiving a certainamount of income from sources within the United States, 1913 and subsequent years; (e) income, the tax upon which has been paid or withheld for payment at the source of income forthe years 1913 to 1917, inclusive; and (/) interest not wholly tax exempt on United States obligations issued after Sept. 1, 1917.

7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to Dec. 31, 1913.8 For each dependent under 18 years of age or incapable of self-support because mentally or physically defective.9 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit for each dependent ($200) only when the country of which nonresident

alien is a citizen either imposes no income tax or allows similar credit to citizens of the United States not residing within such foreign country.10 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 Mexico), $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 States receive benefit of normal tax rate provided for United States citizens.14 See Joint Resolution No. 133, Seventy-first Congress, reducing rates of income tax for the calendar year 1929.

COCO



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

Act of 1913 on in-comes for Mar.1, 1913-Dec. 31,1915

Batepercent)

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

1,0201,0501, 0801,140L,200L,280L, 360L,440L, 520L, 600L, 680L7601,8401,9202,0004,5007,500

11, 00015,00024, 00033,00058, 00083,000

138,000198,000


Bate(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-comes for 1918,1919, and 1920, andact of 1921 on in-comes

Bate(percent)

1223455566789

101112131415161718192021222324252627282930313233343536363738394041424344454647485256606063636464656565

for 1921

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


STATISTICS OF INCOME

Revenue Acts of 1913 to 1932, inclusive

201

Net income

Exceed-ing

Thousand567.5g

101212.513141516182022242628303234363840424446485052545658606264666870727475767880828486889092949698

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


Rate(percent)

1111223456789

1010111213131415161718191920212122232425262627272828293031313233343536363737383839394040404040

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, ]1931

Rate(percent)

1111223456778899

1010111112121313141415151616171717181818181818191919191919191919192020202020202020202020

930, and

Totalsurtax

$202530406080

140220320440580720880

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


Bate(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

1 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 1932, 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

Amount of earned netincome subject totax for computationof credit

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 countries 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.*

Do.s

8to

GO

O

3O

i


1921

1924

1922,19236]

1926 1925, 1926,I 1927

1928

1932

1928,1929,1930,1931

1932

Taxpayer may elect to betaxed at 12J^ 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 12j^ percent oncapital net gain if the taxwould be greater than 123^percent by includingcapital net gain in ordi-nary net income. (Lossin ordinary net incomemay be deducted fromcapital net gain and thebalance taxed at 123^ per-cent.)

Same as 1924 act

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_ _do_

_do_

All net income up to$5,000 whether earn-ed or not, and up to$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. (Cannot 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.

D o ;

CD

ISio

3oo

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 Nonresident 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 1920.5 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.

6 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.)too



D.—Corporation income and profits tax rates, exemptions, and

Revenue act

1909 (excisetax) (Aug.5, 1909).

1913 (Oct. 3,1913).

1916 (Sept .8, 19 1 6 ;amendedMar.3,1917,and Oct. 3,1917).

1917 (Oct. 3,1917).

Incomeyear

1909 toFeb. 28,1913.

Mar 1,1913, toDec. 31,1915.

1916.

1917

Ex-emp-tion

$5,000

None.

None.

None.

Income tax

Taxable income

All net income a

in excess of ex-emption.

All net income

do

Dividends out ofearnings fromMar. 1, 1913, toDec. 31, 1915.

Net income in ex-cess of the sum of(1) excess-profitstax for the cur-rent year, and(2) dividendsreceived out ofearnings fromMar. 1, 1913, toDec. 31, 1915.

Net income in ex-cess of the sumof (1) excess prof-its tax for thecurrent year, and(2) dividends re-ceived out ofearnings fromMar. 1, 1913, toDec. 31, 1917.

Rat

e(p

erce

nt)

1

1

2

1 ;

2

4

Excess-profits tax

Credit

f$3,0G03 plus: Anamount equal tothe same per-centage of invest-ed capital * forthe taxable yearas the averageannual pre-warincome was ofpre-war investedcapital (not lessthan 7 percentnor more than9 percent); or ifcorporation wasnot in existenceduring at least 1whole year ofthe pre-war pe-riod, 8 percentof invested cap-ital for taxableyear; or if duringpre-war period,corporation hadeither no net in-come or a verysmall net incomeor if investedcapital cannotbe determined,same percent asthat of repre-sentative corpo-rations. (Seesec. 210, Reve-

V nue Act of 1917.)

Amount subject totax

Net income equalto 15 percent ofinvested capitalless credit.

Net income in ex-cess of 15 percent but not inexcess of 20 per-cent of investedcapital.

Net income in ex-cess of 20 per-cent but not inexcess of 25 per-cent of investedcapital.

Net income in ex-cess of 25 per-cent but not inexcess of 33 per-cent of investedcapital.


Rat

e(p

erce

nt)

20

25

35

45

60

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, 19]8, 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 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 ot 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.


STATISTICS OF INCOME 205credits, under the Revenue Acts of 1909 to 1932, inclusive '•

War-profits tax

Credit Amountsubject to

taxRate (per-

cent)

Tax on income from Governmentcontracts

Ex-emp-tion

Amount sub-ject to tax

Rate (per-cent)

Tax credit forincome andprofits taxes

paid to foreigncountries or

United Statespossessions

For 1917 andprior years,income andprofits taxespaid to foreigncountries orUnited Statespos se s s ionswere not al-lowed as a taxcredit, but wereincluded ingeneral deduc-tions from grossincome, exceptthat taxes paidto foreign coun-tries were notallowed to for-eign corpora-tions.

(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.

(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.

(e) For insurance companies, see special provisions in the various revenue acts.3 The $3,000 credit not allowable to foreign corporations.4 Invested capital within the meaning of the statute is the capital actually paid in to the corporation by

the stockholders, including surplus and undivided profits (exclusive of that for the current year), stocks,bonds, and other obligations (other than obligations of the United States) the dividends or interest fromwhich are not included in computing net income, and excluding inadmissible assets. (See art. 831 of Regu-lations 45, relating to the 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, 2, next page.)



D.—Corporation income and profits tax rates, exemptions, and

Revenue act

1918 (Feb. 24,1919).

1921 (Nov. 23.)

1924 (June 2.)1926 (Feb 26 )

1928 (May 29.)

1932 (June 6.)

Incomeyear

1918

1919,1920

19211922,1923_

192419251926,192719281929193019311932. " I"_

Ex-emp-tion1

$2, 000

2,000

2,0002,000

2,0002,0002,0003,0003, 0003^0003,000None

Income tax

Taxable income

Net income in ex-cess of the sumof: the exemp-tion, excess prof-its and war-prof-its taxes for cur-rent year, andinterest receivedon United Statesobligations is-sued after Sept.1, 1917.

Net income in ex-cess of the sumof: the exemp-tion, excess-prof-its tax for cur-rent year, excess-profits and war-profits taxes onincome fromGovernmentcontracts, andinterest receivedon United Statesobligations is-sued after Sept.1,1917, and WarFinance Corpo-ration bonds notexempt,

doNet income in ex-cess of exemp-tion.9

dododododododo

All net income

Rat

e(p

erce

n

12

10

10i2y2

12 ¥>1 013o 13 J^

1211 11

1212

i2 13%

Excess-profits tax 2

Credit

$3,000 * plus 8 per-cent of the in-vested capitalfor the taxableyear.2

do

do.7

Amount subject totax

Net income equalto 20 percentof invested capi-tal less credit.


Net income equalto 20 percent ofinvested capitalless credit.


. . .do -

Rat

e(p

erce

n

30

65

20

40

1 Exemption 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.

2 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 4,preceding page.

3 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 permitted to be included in deductions against gross income. See note 13.

* The $3,000 credit not allowable to foreign corporations for 1918 and subsequent years.s The $3,000 credit not allowable to foreign corporations.6 If corporation was not in existence during the whole of at least 1 calendar year during the pre-war

period, 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 percent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.)

i 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.



credits, under the Revenue Acts of 1909 to 1932, inclusive—Continued

War-profits tax 2

Credit

$3,000 5 plus eitheran amount equalto the averageprewar net in-come plus or min-us 10 percent ofthe increase ordecrease of in-vested capital forthe taxable yearas compared withaverage prewarinvested capital,or 10 percent ofthe invested cap-ital for the tax-able year, which-ever is greater. 6

Amountsubject to

tax

Net in-come inexcessof war-profitscredits.

Rate (per-cent)

80 ( l e s samountof excess-profitstax).

Tax on income from Governmentcontracts

Ex-emp-tion

$10,000

10, 000

Amount sub-ject to tax

Amount in ex-cess of $10,000derived fromGovernmentc o n t r a c t smade be-tween Apr.6, 1917, andN o v . 11,1918.

do

Rate (per-cent)

Excess-prof-its and war-profits taxrates of 1918act.

do .

Tax credit forincome andprofits taxes

paid to foreigncountries or

United Statespossessions3

Amount paid oraccrued.

Do.

Do.3

Do '

Do.DoDo.DoDo.Do.Do.

8 Not allowable to China Trade Act corporations for 1922 and subsequent years.» 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.)

i° Income of insurance companies, exclusive of mutual companies other than life, taxable at 12H percent.11 See Joint Resolution No. 133, 71st Congress, reducing rates of income tax for the calendar year 1929.» The rate of tax on consolidated returns for 1932 is 14^ percent.13 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.)

NOTE.—For the year 1917 there was also a tax of 10 percent 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 in the same manner as the members of a partnership or a per-sonal service corporation.

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 percent for 1924 and subse-quent years, with the provision for 1926 and subsequent years that the 50 percent additional tax shall notapply if all the shareholders of the corporation include in their gross income their entire distributiveshares, 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

Net estate

Exceeding

Not ex-ceeding

Thousands of dollars

1020304050

100150200250400450600750800

1,0001,5002,0002,5003,0003,5004,0004,5005,0006,0007,0008,0009,000

10,000

1020304050

100150200250400450600750800

1,0001,5002,0002,5003,0003,5004,0004,5005,0006,0007,0008,0009,000

10,000and over

Revenue act

1916

In effect from Sept.9, 1916, to Mar. 2,1917, inclusive

Rate(percent)

11111223344555566778899

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

Mar. 3. 1917

In effect from Mar.3, 1917, to Oct. 3,1917, inclusive

Rate(percent)

Wi

\Vii}/2vy<i33

66IV,

lYil}/299

10/ 210H12121 3 ^

15 2

1515151515

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, in-clusive

Rate(percent)

22222446688

101010101212141416161818202020222225

Total tax$200

400600800

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

1926

In effect from 6:55p.m., Feb. 24,1919,to 10:25 a.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 10:25a.m., Feb. 26, 1926

Rate(percent)

11111233445566789

101112131414151617181920

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

1,163,500ly 353, 500

1932 i

In effect after 5 p.m.,June 6, 1932

Rate(percent)

12345799

111113131515171921232527293133353739414345

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

oo

02

o

oo


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. 2

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).

Tota l 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 1926,that the value of the in-cluded gift bears to theentire gross estate.

1932 1

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 o(1932 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 1926,and the total amount of the gift tax.

1 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.

2 Rates for gift tax same as for estate tax under Revenue Act of 1924 as amended by Revenue Act of 1926, the effective period of the gift tax law 4:01 p.m. June 2, 1924, to Jan. 1,1926.

CiCO

2o

8CO


INCOME-TAX FORMS

211


FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNSFOR 1931 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.

213



Form 1«M5UBY DEPA INDIVIDUAL INCOME TAX RETURN

FOR NET INCOMES FROM SAURIES OR WAGES OF MORE THAN $5,009

AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY

For Calendar Year 1931File Thi» Return

Occupation

With the ColIeclM

PRINT N.

trust office)

o? internal RcTenae

4ME AND ADDRES

(Name)

(itrset and BUXIKT. 0,

br

S P I

1 .01

Yoar District on

LASNLY B C L O \

»l route)

jniy)

V

Do Not Write in Thete Sptce*

(Canhier'. Stamp)

5. Wer vvitli huor wii

6. If not,i

1. Are you a citizen or residentof the United States?

2. If you filed a return for 1930, to 6. If not, were you on thwhat Collector's office was it sent? _ - in your household ons or more persons cosely r e e

3. Is this a joint return 7. If your status ia respect to questions 5 and G changedof husband and wife? . during the year, state date and nature of change

4. State name of husband or wife if a 8. How many dependent persona (otlier than husband or wife) underseparate return was made and the IS years of age or incapable of self-support were receiving their

ear;xable year supportingosely related to yoafG haged

Collect

INCOME1. Salaries, V/ases, Commissions, etc. (state r

2. Income from Eusinesa or Profession. (rromEcheOuloA)

3. Interest on Bank Deposits, Notes, Corporation Ikmds, etc. (csccpt interest on tax-fre

4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source

6. Income from Partnerships. (State name and address) _

mt bonds)....|. I

ZZZEJZ:(Stata name and addreaf)

r. Rents and Royalties. (From Schedule B) _

S. Profit from Sale of Real Estate, Stocks, Bonds, etc. (From Schedule C)

>. Taxable Interest on Liberty Bonds, etc. (From Schedule E)

). Dividends on Stock of Domestic Corporations,

.. Other Income (including dividends on stock ol foreign corporations), (state>

(a) _

(6) _

TOTAI < IT! 3 1 1

DEDUCTIONSI. Interest Paid

L Taxes P.'tid. (Ejplain In Schedule F)

i. Losses by Fire, Storm, etc. (EiplaininTableatloctofiê:)

i. Bad Debts. (Ejplain In Schedule F)

'. Contributions. (Eiplaia In Schedule F)

;. Other Deductions Authorized by Law. (Explain In Ectaijlo F)

TOTAL DEDUCTIONS IN ITEMS 13 TO 18

>. NET INCOME (Item 12 minus Item 19)EARNED INCOME CREDIT COMPUTATION O F TAX (See Instruction 23>

1. Earned Income (not over $30,000).2. Less Personal Exemption and

Credit for Dependents

I. Balance (Item 21 minus 22)t. Amountta\ableatl>2% (notover

54,000)5. Amount taxable at 3 % (notover

$4,000)3. Amount taxable at 5% (balance

over $3,000 of Item 23)

7. Normal Tax (1>^% of Item 24) . . .

i. Normal Tax (3% of Item 25)

). Normal Tax (5% of Item 26)

). Surtax on Item 21i. Tax on Earned Net Income (total I |

of Items 27 to 30) $ I ;

!. Credit of 25% of Tax (not over j25% of Items 30, 44, 45, and 46) J s I

pendents L. Personal Ex-1

emptio .:. Total of Items 34 t<

ice (Item 33 minus ',

;rnS4a0X00)e..a l.°.

ice (Item 29 minusint taxable at 3 %:r 84,000)

minus 42) '."...

44. NormalTax(l^%ofIt<yn40)-

45. Normal Tax (3% of Item 42) . . .

40. Normal Tax (5% of Item 43) ...47. Surtax on Item 20 (see Instruc-

tion 23) . . . . .48. Tax on Net Income (total of

It, 3 44 o 47).49. Tax on Capital Cain or Loss

(12J4% of Col. 8,Sched. D).50. Total of or difference between

Items 48 and 4951. Less Credit of 25% of Tax on

Earned Income (Item 32)

mplete return made in good faith ft

AFFIDAVIT

ir tbe "taxable year stated, pursuant to the Revenue Act of 1923 and the Regulations ise

See Instruction 27

Sworn to and subscribed befor

Checks and drafts will be accepted only if payable a t par


STATISTICS OF INCOME 215SCHEDULE A—INCOME FROM BUSINESS OR PROFESSION (See Instruction 2)

1. Total receipts from business or proft. ion (.state

1. Labor _ _

3. Material and supplies

4. Merchandise bought for sale _ _

h. Other costs (itemize below or onsepar.ito sheet).

«. Plus inventory a t beginning of j r i

TOTAL (Lines 2 to 6). -

5. LC-FS inventory a t end of year _

,| Tn^R C"= M 9 EDUCTIONS j

I 10 ° liri <;rrf inch 1" La! o n L i n o ° (Do

I 11 IT r on bu nc mjcbtejnt-ss to ofier-

II 13. Losses (explain in table at foot of page).

~ | I 1 ) L i r 11 i n oL l « n i n I d 1 h o j ( sI " p i n n f i H " i o id 1 Lt k o t o t p j )

>. N E T C O S T OP GOODS SOLD (Line 7 minus Lino SI J I I"7 T - I L (Line l O t o i G ) ~

Ent.pr ' f O " or " G or M,'* on Xjincs 6 find 8 to indi^^to v.'lictlicr 13. T O T A L DEDUCTIONS (Line 9 plu3 Jjii

SCHEDULE B—INCOME FROM RENTS AND ROYALTIES (3c o lr.sirx'cSo.-i 7)

nzzcSCHEDULE C—PROFIT FROM SALE O F REAL ESTA

1. Ki.,i>or F^n.u-rr

?

TE, STOCKS, BONDS4 ljEriiEc:*T!fiN | :•-

, L

, ETC.

V"MAncr

(See Ins

'« 11 !,1 !

J 1.

true! on £)

_ s I1 1

SCHEDULE D—CAPITAL NET CAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS (See Instruction 8a)

2. PATE

.Vo. Dn Yrc, Mo.DtyYiiT

. ! t" i r "i . . . . . .I1

r"iMT°"llrncrTfov9

$ $

« how propertyacquired . . . . ^

SCHEDULE E— INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES

<a) Obligations of a State, Territory, or political subdivision thereof, orthf* District of OolinriNft

((/) Securities issued under Federal Farm Loan Act, or under such Act as

(c) Libert v 3 ^ % Bondaand other obligations of United States issued on

('> Trras<irv Notes „ —

5 S All

(See Instruct

6- tNUE"icI>.?e*rED

: : : : : :

$5 COO *

„ „ „

CE53

SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, V\, IS, J7, AND 13

EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B

1

I 1

|I

I

AMOUNT or DEPEECUI.O« C iu E Q r D o r .

8. Previous years j 7. This yenr

1 L' " "I "I

IEXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC., CLAIMED IN SCHEDULE A, AND IN ITEM 15

•KIND or PBOPESTT *.!>«, AC,™.

j

IM?EO"SESI3

$

AUOWiBLI SlNCS

"" "I *::::::r::: :::

7. DtDCCTIBLE

J

[.093



iction Numbers c

INSTRUCTIONSi th i s Page Correspond wi th t h e Item Numbers on the First Page of t h e Return

1. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.Enter as Item 1 on pago 1 of the return, all salaries or other compensation

dited by or received from outside sources Uso a separate line for eachEnter as Item 1 on pago 1 of the r

credited by or received from outsidet i i the i f r m a t i n requested

or other compensationseparate line for each

entry, giving the information requested.Any amount claimed as a deduction for necessary expenses against salaries,

etc., 6uch as traveling expenses, while away from home in the pursuit of atrade or business, should be fully explained in Schedule F on page 2 of thereturn, or on an attached statement. Traveling expenses ordinarily includeexpenditures for railroad fares, meals, and lodging.

2. INCOME FROM BUSINESS OR PROFESSIONIf you owned a business, or practiced a profession on your own account,

fill in Schedule A oa page 2 of the return, and enter the set income (or loss)as Item 2 on page 1 of the return.

This schedule should include income from: (a) Sale of merchandise orproducts of manufacturing, mining, construction, and agriculture; {b) BusinessBervice, such us hotel, restaurant, and garage service, amusemants, laundering,etorage, transportation, etc.; and (c) Professional service, such as dentistry,law, or medicine. la 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 ofaccount, or keep books on a cash basis, obtain frora the Collector, and attachto this return Form 1040F, Schedule of Farm Incorno and Expenses, and enterthe net farm income as Item 2 on pago 1 of this return. If your farm booksof account are kept on an accrual basis, the filing of Form 1040F is optional.

Installment sales.—If tho installment mothod is used, attach to the returna schedule showing separately for the years 192S, 1920, 1930, and 1931the following: (a) Gross sales; (b) Cost of goods sold; (c) Gross profits; (d)Percentage of profits to gross sales; (c) Amount collected; and (/) Gross profiten amount collected. See Article 351 of Regulations 74.

Kind of business.—Describe the business or profession in the space pro-vided at the top of page 1, as "grocery." "retail clothing," "drug ttore,""laundry," "doctor," "lawyer," "farmer,1'etc.

Total receipts.—Enter on Line 1 of Schedule A the total receipts, less anydiscounts or allowances from the sale price or service charge.

Inventories.—If engaged in a trade or business in which the production,purcnfl.se> or EQJO of nicrchnndisQ 19 &o incornc~procIuciMg factor, inventoriesof merchandise on hand should be taken at tho beginning and end of the taxableyear, which may bo valued at cost, or cost or market, whichever is lower.

Salaries.—Enter on Lino 10 all salaries not included as "Labor " on Lino 2,except compensation for your 6crviccs, your dependent minor children, orhusband 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 on capital invested in or advanced to the business.

Taxes.—Enter on Line 12 taxes on business property or for carrying onbusiness. Do not include taxes assessed against local benefits of a kind tendingto increase the value of the property assessed, nor Federal income taxes.

Losses.—Enter on Line 13 losses incurred in the trado or business, if notcompensated for by insurance or otherwise and not made good by repairs claimedas a deduction. Losses of business property arising from fire, storm, etc.,should be explained in the table at the foot of page 2 of the return.

Bad debts.—Enter on Line 14 debts, or portions thereof, arising from Ealcsor Bervices that have been reflected in income, which have been definitely ascer-tained to be worthless and charged off 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 boreturned as income for the year in which collected.

Depreciation.—Enter on Line 15 tho amount claimed as depreciation byreason of exhaustion, wear and tear of property used ia the trade or business, cras obsolescence or depletion, and explain in the table at the foot of pago 2 howthis amount was determined. If obsolescenco is claimed, explain why tho 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 replacement cost) of theproperty and the probable number of years remaining of its useful life, exceptif tho property was purchased prior to March 1, 1913, it will be computed onthe fair market value of such property as of that date or its original cost, which-ever ia greater. If tho property was acquired in any other manner than bypurchase, see Articles 201 to 210 of Regulations 74.

In

.. , .. n in tho valuo of a buildingoccupied by you as a dwelling, or property held for personal use, nor for land

Rent, repairs, and other expenses.—Enter on Line 1G rent on businessproperty in which you havo no equity, ordinary repairs to keep the propertyin a usable condition, and other necessary business expenses not classified above,Buch as heat, light, and fire insurance. Do not include rent for a dwellingoccupied by you for residential purposes, the cost of business equipment orfurniture, expenditures for replacements or permanent improvements to prop-erty, nor personal, living, or family expenses.

Deficit.—If the amount to be entered on Line 19 ehowg a deficit, such amountshould be preceded by a minus £ign or written with red ink.

3. INTEREST ON BANK DEPOSITS, ETC.n 3 all interest received or credited to your account during the

— ids ,la considered income when due and payable.

4. INTEREST ON TAX-FREE COVENANT BONDSEnter as Item 4 bond interest upon which a tax was paid at source.A tax of 1J4 per cent was paid at source on such interest if it was entered

on Line 2 of Form 1000 which indicates that Item 39 will not exceed 84,000, or2 per cent was paid if the interest was entered on Line 3 of Form 1000 whichindicates that Item 39 will exceed S4,000. Such tax paid at source may beclaimed as a credit in Item 53 on the return.

5 AND 6. INCOME FROM PARTNERSHIPS AND FIDUCIARIESEnter as Item 5 your share (whether receive! or not) of tho profits of c

partnership, and as Item 6 income from an estate or trust, except that the£hare of (a) capital net gain or loss computed as provided in Instruction 8ashall be reported in Schedule D, (b) taxable interest on obligations of theUnited States shall be included in Schedule E, and (r) profits which consistedof dividends on stock of domestic corporations shall be included in Item 10,on the return. Include in Items 53 and 54, respectively, credits claimed forincome tax paid at source, and foreign income taxes.

If the taxable year on the basis of which you file your return fails to coincidevrith the annual accounting period of the partnership or fiduciary, then youshould include in your return your distributive share of the net profits for suchaccounting period ending within your taxable year.

7. INCOME FROM RENTS AND ROYALTIESFill in Schedule B, giving the information requested.If you received property or crops in lieu of cash rent, report the income as

though the rent had been Tcceivcd in cash. Crops received as rent on a crop-chare basis should be reported as income for the year ia which disposed of (unlessyour return shows income accrued).

Enter as depreciation the amount of wear and tear, or depletion sustainedduring the taxable year 1931, and explain in the table at the foot of page 2.

Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, andother necessary expenses of this character should bo iteioizcd.

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 con-nected with the sale may be deducted iu computing the prout or loss.

Enter the cost of the property, or if acquired prior to March 1, 1913, itsfair market value as cf that date, whichever is greater. Attach statement

Regulatio, it of wear and tear, obsolescence, or deple-

tion which has been allowable in respect of such property since date of acquisi-tion, or since March 1, 1913, if the property was acquired before that date. Inaddition, if tho property was acquired before March 1, 1913, and if the cost ofsuch property is greater than its fair market value as of that date, tho ccEtshall bis reduced by the depreciation actually sustained before that date.

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 disposition of stock orsecurities where you have acquired substantially identical property within 30days before or after the date of such sale, unless you are a dealer in securities.

In case the amount to be entered in Column 7 is a deductible loss, suchamount should bo preceded by a minus sign or written with red ink.

6a. CAPITAL NET GAIN OR LOSSIf desired, a capital net gain derived from the sale or exchange of capital

assets may be computed separately and a tax of 12^ per cent paid thereon inlieu of the normal tax and surtax, x he terra 'capital net gain means the ex-cess of vhe total amount of capital gaia over the sum of (a) the capital deduc-tions and capital losses, plus (6) the amount, if any, by which the ordinarydeductions excceJ the gross income computed without capital gain.

In case a capital net loss i3 sustained from the sale or exchange of capitalassets, the total normal tax and surtax computed on the basis of the ordinarynet iucorae shall be reduced by 12J^ per cent of such capital net loss; but in nocase shall the tax computed in this manner be less than the total normal taxand sur.ax that would be imposed without the benefit of this provision. Theterra "capital net loss" means tho excess of the sum of the capital losses plusthe capital deductions over tho total amount of capital gain.

The terra "capital assets" means property held by you for more than twoyears (whether or not connected with your trade or business), but does not in-clude ycur stock ia 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-erty held by you primarily for sale in tho course of your trado or business.

Till ia Schedulo D in accordance with Instruction 8, if the tax is computedunder this provision, and enter 12J^ per cent of the capital net gain or loss asItem 49 on page 1 of the return. In case of a capital net loss, the amount ofsuch loss and tb« credit claimed should be preceded by a minua sign or writtenwith red ink. See Articles 501 to 503 of Regulations 74.

9. INTEREST ON LIBERTY BONDS, ETC.Schedule E should be filled in if you own any of the obligations or securities

enumerated in Column 1. Enter in Column 2 all interest received or creditedto your cccount during the year on these obligations, including your share ofsuch interest received from a partnership, or an estate or trust, and enter inColumn 3 the principal amounts of the various obligations owned.

Interest on all coupons falling due within the taxable year will be consideredas income for the year, where the books are kept on a cash receipts and disburse-ments ban-is. If the books are kept on an accrual basis, report the actual amountof interest accrued on the obligations owned during the taxable year.

If the obligations enumerated on Line (d) are owned in excess of the exemp-tion of 55,000, or any on Line (t) are owned, Columns 5 and 6 should be filledin, and the total of the interest reported oa Lines (d) and (e), Column 6, enteredas Item 9 on page 1 of the return.

10. DIVIDENDSEnter as Item 10 the amount received as dividends (a) from a domestic

corporation other than a corporation entitled to the benefits of Section 251 ofthe Act of 1928 and other than a corporation organized under the China TradoAct, 1922, or (b) from a foreign corporation when it is shown to the satisfactionof the Commissioner that more than 50 per cent of ths gross income of suchforeign corporation for the three-year p'riod ending with the close of its taxableyear preceding the declaration of such dividends (or for such part of such periodas the corporation has been in existence) was derived from sources within theUnited States, including your share of such dividends received on stock ownedby a partnership, or an e'state or trust.

11. OTHER INCOMEEnter as Item 11 all other taxable income for which no place is provided

on tliG ret irnt togcttitr with &ny dividends specifically excluded from Xt€m 10«12. TOTAL INCOME

Enter na Item 12 the net amount of Items 1 to 11, inclusive, after deductingany expense reported in Item 1, and losses in Items 2, 5, 7, and 8.

13. INTEREST PAIDEnter as Item 13 interest paid on personal indebtedness as distinguished

from business indebtedness (which should be deducted under Schedule A orB). Do not include interest on indebtedness incurred to purchase or carryobligations or securities the interest upon which ia wholly exempt from taxation.

H. TAXES PAIDEnter as Item 14 personal t.ixes and taxes paid on property not used in

your business or profession, not including tiiose assessed against local benefitsof a kind tending to increase the value of the property assessed. Do not includeFederal income taxes, ta-.es imposed upon your interest as shareholder of acorporation which are paid by the corporation W'ithout reimbursec p o

h

io

l

Explain

should be explained in Schedule F.15. LOSSES BY FIRE, STORM, ETC.

115 losses of property not connected with your business or pro-during tho yoo.r if arising from fire, storm, shipwreck, or othertheft, and if not compensated for by insurance or otherwise.Regulations 74.3 claimed in the table provided oa page 2 of the return.

16. BAD DEBTSEnter ua Item 1G r.ll bad debts other than those claimed as & deduction i.i

Schedule A. State in Schedule F, (a) of what the debts consisted, (b) when theywere created, (c) when they became due, (d) what efforts were made to collect,and (c) 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. Tin 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 Article 862 of Regulations 74.

List organizations and amounts contributed to each ia Schedule F.18. OTHER DEDUCTIONS

Enter an Item 18 any other authorized deductions for which no place is pro-•eturn. Do not deduct losses incurred ia transactions which wera;ted with your trade or business, nor entered into for profit..

If tho return is filed for nn estate in process of administration, there may bededucted the amount of any income paid or credited to a beneficiary.

Any deduction claimed should be explained in Schedule F.19. TOTAL DEDUCTIONS

Enter as Item 19 the total of Items 13 to 18, inclusive. This amount shouldnot include any deduction claimed in Schedule A or B.

20. NET INCOMEEnter as Item 20 the net income, which is obtained by deducting Item 10

Iroru Item 12. 1 he net income shall l;e computed upon tho basis of the taxableyear in accordance wjtn the method of accounting regularly employed in keepingyour bocks, unless such method does not clearly reflect your income.

Enervided on t

ith


STATISTICS OP INCOME 21721. PERSONS REQUIRED TO MAKE A RETURN OF INCOME

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 UnitedStates though not a citizen thereof, whose gross income for the taxable year 1931amounted to $5,000, or whose net income amounted to—

(a) $1,500 if single or if married and not living with husband or wife;(b) $3,500 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 $1,500 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 $3,500 or over, or if their combined gross income is85,000 or over, all such income must be reported on a, joint return, or on separatereturns of husband and wife. In case the husband and wife elect to file separate

' heir combined net income is $5,000 or over, each shall make a

?cedent to the date of his death v;er, if married and living with husid was $5,000 or over, the executo

s $1,500 or over,and or wife, or ifor administrator

If the net income of aif unmarried, or $3,400 or <his gross income for the pel

Income of (a) estates of decedents before final settlement, (6) trusts, whethercreated by will or deed, for unascertained persons or persons with contingent

tion, is taxed to the fiduciary as a single person, except that from the income of adecedent's estate there may be deducted any amouut 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, mnvclaim an exemption of 51,500. A person who was the head of a family or wasmarried and living with husband or wife during the entire taxable year, may claiman exemption of $3,500. If husband and wife file separate returns, the exemn-tion may be taken by either or divided between them.

A "head of a family" is an individual who actually supports and maintain?in one household one or more individuals who are closely connected with him bvblood 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 3400 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 was receiv-ing his or her chief support from the taxpayer on the fast day of the taxable year.This credit can be claimed only by the person who furnishes the chief support,and can not be divided between two individuals.

In case the status of a taxpayer changes during the year, the personalexemption shall be an amount which bears the same ratio to 81,500 as thenumber of months the taxpayer was single bears to twelve months, plus anamount which bears the same ratio to $3,500 as the number of months thetaxpayer was married and living with husband or wife, or was the head of afamily, bears to twelve months. For this purpose a fractional part of a monthshall be disregarded unless it amounts to more than half a. month, in which caseit shall be considered as a full month. The exemption shall cot exceed S3,500where the head of a family is married during the year.

In the case of an individual who dies during the taxable year, the personalexemption and credit for dependents shall be determined by his or her statu3at the time of death. Full credits shall also be allowed to the surviving spouseaccording to hia or her ftatua at the close of the taxable year.

Where a return is filed on this form for an estate in'procesa of administra-tion, or for a trust, an exemption of SI,500 may be claimed.

24. ITEMS EXEMPT FROM TAX

The foliOWin( items arc exempt iroireported, unless it is desired to establish athe Revenue Act of 1928:

(a) Amounts received under a life insurance contract paid by reason of thedeath of the insured, whether in a single sum or in installments (but if suchamounts are held by the insurer under an agreement to pay interest thereon, theinterest payments shall be included in gross income);

(6) Amounts received (other than amounts paid by reason of the death ofthe insured and interest payments on Buch amounts) under ft life insurance,endowment, or annuity contract, but if such amounts (when added to a

i d bf taabl d h t t ) d thwment, u y , t s c a u s (when a d d e d tved before the taxable year under such contract) exceed the aggregat

i d t i p i d ( h t h t id d i n g the taxable yearase of a transfer for

Esrncd inc.0EQ6.~~ln eoropia credit of 25 per cent of the ta

To determine this credit, <Items 21 to 31 on page 1 of t;Items 32 and 51 will be 25 perItems 30, 44, 45, and 46, which

23. COMPUTATION OF TAX

the tax on your ne

-- -_ ^ .- - -- _ mts received as compensation for per-

the net profits derived by you frorn a trade or business in which both personalservices and capital are material income-producing factors.

If your net income is not more than So,000, the entire amount shall beconsidered as earned net income, or if vour net income is more than S>5,000,the earned net income shall not be considered to be less than $5,000. In nocase shall th» earned net income be more than $30,000.

Return for fiscal year.—The net income and the tax for a fiscalyear beginning in 1930 and ending in 1931 is computed in (he samemanner an same ra es as ° ^ a r ^ c r e

Inc

y r nder such c c t )p e a t o n paid (whether or not paid during the taxable yihen the excess shall be included in gross income. In the case of a transfer for avaluable consideration, by assignment or otherwise, of a life insurance, endow-

consideration and the amount of the premiums and other sums subsequently paidby the transferee shall be exempt from taxation under paragraph (a) above or

(c) Gifts (not made as a consideration for service rendered), and money andproperty acquired by bequest, devise, or inheritance (but the income derivedfrom 6uch property is taxable and must be reported);

(d) Interest upon (1) the obligations of a State, Territory, or any politicalsubdivision thereof, or the District of Columbia; or (2) securities issued underthe provisions of the Federal Farm Loan Act or under such Act as amended: or1

(3) the obligations of the United State3 or its possessions. In the case of obli-gations of the United States issued after September 1, 1917 (other than postalpavings certificates of d.-posit) the interest on 4 per cent and V/C per cent LibertyBonds, Treasury Certificates of Indebtedness issued before June IS, 1929,Treasury Bonds, and Treasury Savings Certificates, owned in excess of 35,000,and the interest on Treasury Notes, is subject to surtax if the net income isover S10.000, and should be reported (see Instruction 9);

(c) Amounts received through accident or health insurance or under work-

ndo , A m,3 Of t l ! WS

ornponsation, fcrtiilv fulotr Risk Insurance and theerans' Act, 1924, or as per

nd allowancesal Rchabilita-

om the United.. . . . _.ld Wi..States for service of the bei „ . . . .. . _ .ihe United States in time of war, or as a State pension for services rendered bythe beneficiary or another for which the State is paying a pension;

(g) Amounts received by an individual as dividends or interest, not exceed-ing S300, from domestic building and loan associations, substantially all thebusiness of which is confined to making loans to membcrsj

(/}) The rental value of a dwelling house and appurtenances thereof furnishedto a minister of the gospel as part of his compensation;

(i) Compensation paid by a State or political subdivision thereof to its

an essential governmental function; and(j) Amounts received as earned income from sources without the United

States by an individual citizen of the United States who is a bona fide non-resident for more than 6ix montha duriog the taxable year. The taxpayerin such ft case may not deduct from his gross income any Amount properlyallocable to or chargeable against the amount so excluded from his gross income.

25. ACCRUED OR RECEIVED INCOME

If your books of account are kept on an accrual basis, report all incomeaccrued, even though it has not been actually received or entered on the books,and expenses incurred instead of expenses paid.

If your books do not show income accrued and expenses incurred, report allincome received or constructively received, such as bank interest credited toyour account, and expenses paid.

2G. PERIOD TO BE COVERED BY RETURN

ablished must be adhered to for subsequent ye:

27. AFFIDAVIT

The affidavit must be executed bv the person whose income is reportedunless he is ill, absent from the country, or otherwise incapacitated, in whichcase the legal representative or agent may execute the aflidavit. A minor,

The oath will be administered without charge by any collector, deputy

lie return should be sworn to before a notary public, justice of the peac

28. WHEN AND WHERE THE RETURN MUST BE FILEDi paym

credit claimed.Surtax.—The surtax for any amount of not income not shown in the table

below 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 a t therate indicated in the table.

In the case of bona fide Gale of mines, oil or pas wells, or any interesttherein, the surtax on the profit shall not exceed 16 per cent of the selling

urn to the Collector of Internal Never

29. WHEN AND TO WHOM T H E TAX MUST BE PAID

Surtax from table

Surtax at 3 per cent

at (incent a lector's office.

be paid when the return is filed, or in four ocjual installments,follows: The first installment shall be paid on or before the fifteenth

dav of the third month following the clo.se of the taxable year, the second" " " L11 be paid on or before the fifteenth day of the "third month, the

•tit on or before the fifteenth day of the sixth month, and thelent on or before the fifteenth day of the ninth month, afterprescribed for paying the first installment.

30. PENALTIES

$10,000 or imprisonment for not more than one y(25 per cent of the amount of the tnx.

rAX RATE FOR 1930-19

Amount ol net income

A

»0 to $10,00010,000 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 28,000..28,000 to 32,000..32,000 to 36,000..36,000 to 40,000..

Parent

123456789

10

$1080

140220320440720

1,0401,4001,800

A ^ o e u n c o ™ | ^

A

$40,000 to $44,000.44,000 to 48,000.48,000 to 52,000.52,000 to 56,000.56,000 to 60,000.60,000 to 64,000.64,000 to 70,000.70,000 to 80,00080,000 to 100,000

100,000 up

D

121314151617181920

$2, 2102, 7203, 2!03, 8004, 4005,1)406,0607,860

11,660

erest on deficiency at 6 per cent per annum toed, or to the thirtieth day after the filing of ati ith th B d f T A l h i h r

'lit of the amount of the t.ix.For deficiency in tax.—Interest on deficiency at 6 p

ie date the deficiency is assessed, or to the thirtieth day a e t e f g oaiver of the right to file a petition with the Board of Tax Appeals, whichevite. is the earlier, and, in addition, 5 per cent of the amount of the deficien

tent to defraud or 50 per cent of amount of deficiency if due to fraud.

31. INFORMATION AT SOURCE

irest, , „., _, _. __._ __. . during tlendar vcar, to a single person, a partnership, or a fiduciary, or $3,500 or more toa married person, is required to make a return on Forms 1096 and 1099showing the amount of such payments and the name and address of each re-cipient. These forms will be furnished by any collector of internal revenueupon request. Such returns coverinc the calendar vear 1931 must be forwarded• the Commissioner of Internal Revenue, Sorting'Section, Washington, D. C ,

time to be received cot later than February 15, 1932. :-i.-.i«



F o r m 1040 ATREASURY DEPARTMEN'

INTSRNAI. R»TBND» S U T I C >

(Auditor1, SUmp)

INDIVIDUAL INCOME TAX RETURNFOR NET INCOMES OF NOT MORE THAN $5,000

DERIVED CHIEFLY FROM SALARIES AND WAGES

For Calendar Year 1931To k, fil«l with th . Collector of Ii is for your district on or Wore March IS. 1J3J

PRINT NAME AND ADDRESS PLAINLY BELOW

(P<Mt Office)

OCCUPATION,...

Do not write i n t o sp>ca

Cash CheA M. O.

3. Were you married and living with husbamor wifo on the last day o! the year?

4. If not, wore you the head of a familyon the last day of the year?

6. State date and nature of any changeunder questions 3 or 4 during the year . _ . . „ . . „ . . . . . . .

6. How many dependents (except husband or wife) were receivingt heir chief support from you on the last day of the year?

INCOME1. Salaries, "Wages, etc. (State from whom received)

2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bond3

3. Interest on bonds upon which a tax of 1H% v«'as paid at source

4. Other Income (including income from partnerships and fiduciaries) (Stato source):

5. TOTAL INCOME IN ITEMS 1 TO 4

DEDUCTIONS6. Taxes Paid

7. Contributions (Explain on reverse side)

8. Other Deductions Authorized by Lav/ (Explain below):

9. TOTAL DEDUCTIONS IN ITEMS 6 TO 8 -

COMPUTATION OF TAX10. Net Income (Item 5 minus Item 0)

11. Credit for Dependents - - j S..

12. Personal Exemption ~ j

13. Balance taxable at \W/0, not over $4,000 (Item 10 minus Items 11 and 12)..

14. Total Income Tax ( 1 ^ % of Item 13) „

15. Less: Income Tax paid at source on tax-free covenant bonds (1H% °f Item 3)

16. Income tax paid to a foreign country or possession of the U. S. (Attach Form ni6)..

17. Credit of 25% of tax on earned net income (25% of Item 14)

18. BALANCE OF TAX (Item 14 minus Items 15, 16, and 17) _

AFFIDAVITI swear (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 1928 and Regulations issued under authority thereof.

is made by agent, the reasoa therefor must be stated on this line)

(oi^nature of taxpayer or aêiu)

(Address'oi'agent)"

See Instructions (Signature of officer administering oath) ' " (Title)

Sworn to and subscribed before me this

day of , 1932

NOTE.—If you derive income, regardless of amount, from a profession or business, including farming, or from rents or Bale of property, use Form 1040Report interest oa nontaxable obligations and dividends from domestic corporations on the reverse side of tbia form. c2-157of



STATEMENT OF CONTRIBUTIONS

(a) O b l i g a t i o n s o f a S t i t e , T e r r i t o r v , o r i h h L 1 i 1 a i i l < " • > r r t e D i t n t i f C I n n

(b) Securities issued u l d t r tô ^ e d e r - l I V d ) n H , - u d r i k h W - i m o I

(e) Obligations of the Uni ted S»s*c<s o- iK p > i _^_ _ _

DIVIDENDS F R O M D O M E S T I C C O R P O R A T I O N S

nl ( 'u d i f a

PENALTIES

For Willful Failure to Make and File a Return on Tune - \ r -•» ' <*i Si' OOO or imprisonment for not more than onevear, or both, and, in addition, 25 per cent of the am HIT ot c'io

For Willfully Making a False or Fraudulent Return.—\»' i L-t, I 510,000 or mprisonmont for not more than five years,or both, and, in addition, 50 per cent of the amount of th^ 11

For Deficiency in Tax.—Interest on dcfi.rirnc\ atCpr^centj ran"i m "•iht a r c the deficiency is assessed, or to the thirtiethday after the filing of a v/aiver of the right to fir a pentioa i it i t ie 3> )ar 1 » f T i \ Appeals, whichever date is the earlier, and,in addition, 5 per cent of the amount of the defk rr v it du< t ^ » -met n^t Jr intentional disregard of rules and regulations withoutintent to defraud, or 60 per cent cf amount of df uuenoy it J i^ •> fnu 1

INSTRUCTIONSLiability for Filing Return

ie tax return must be filed byAn inrYirne tax return must DO uieu oy every citizen OE tno united St3i.ei

etate^tb.Wl/n'ot aci'nzea thereof, having a gross mMmeJer'^hVcVlend^vp'ir]'U1 of $3,000, or ot'tir, or a net income fur the satno pono 1 o; n> $1,100 or o <r,

eieuj'tion if the ?ttitus of the taxpayer changes*

Items Exempt from Tars' i i Amounts

"i'u Amounts I

ived vred.

n of t

d (other than by reason of the death of the insured) under

such contract.as a consideration for services), and property acquire 1

• lii'ieritanco (but the income from sucii property u tax-

"(d) J'nterest"upoV(l) obligations of a

coa-iderat(;) Gilts t y" . u Q

by hevic-t, d<>v,.,p,

id) Jnte'rest"unon"(i) ob'i<Tations of a Stato Territory, or a political subdivi-sion thereof, or the L\ 'net cf Columbia; (..') Federal l'aim Loin bocd=; and

Interest orTuberty Bonds ownedln excess of $5,000'is"subjeet to surtax if tha

ved as iccident or health insurance for persoril injur

ived undT tho War III ic In-usance ^nd \n

id) Dividend^ or interest, not exceeding ^JJ\ rec- i -ed irom dvîi^stic buildinganl loan ampliations, substantially all tho business cf which u confined to

(A) Iicntal \alue"of a dwelling house and appurtenances thereof furnished a

(i) CompcDsptiob puid by a State or political subdivLior thereof to its offic»r3

Salaries.—Enter as Item 1 all salaries, wages, or other compensation receivedfrom outside sources by (a) yourself, {u) your husband or wifa if a joint returnis filed, and (c) each dependent minor child,

IjCtejest.—jinter as Item 2 interest received on bank deposits, notes, mortgages,and corporation bonds, except that interest received on bonds upon which atax was paid at source by the debtor corporation ihould be entered as Item 3if you filed v;ith the interest coupons a certificate on Form 1000 that your net

Taxes.—Ent^r ns Item (5 all por?thp j ear. Do uoi include Federa

ie, or pdt cf '[19 n

pduc^tionil purpos^Vt i computed

y contrioutions or piffs mn

'I bo amount c-lîred s'hallwithout ib© bsnGfit of tbis

r; It? h i ny other deducincluding snUfcst paid on personal indebtedness.

Personal Exemption and CreditsA sin^lo person, or r\ marricil p^rs/

:'îr. v, i . thp'hCMlô'fa fai°.fy o/ wii

notpxcc^l 15

rued by law,

ib ie

p

Ore ho1 loo 1-i-ri Jil oue or ml .'lorbhip, relatI iruly control yn l o l i i o b l

e t.ak

m inJi' i.'nship b/ ri i f

by ei

1 h

er or divided bet^v c^n thr m,

KIP closely corrected wilh Irm by, cc bj i loptioa, cad -who i1 r.^ht toepon jent 'ndivid'icdi is basPd upon

cd^ c! $ (00 n a j bo claimed i,;r eiciia \t<x.n y u r s of age, or mcapablo'v defective, >7ho was receiving hne last day of tho taxable yew. T.'.-'Jho furnishes tho chief support, and

t he :ded ..it us of a xpay .

changes durinof me

tho taxablu year, th<

ears'totwclv

persimber

Lead of a family, bears to "twelve months.' Foi'this ru'rpy>>3 a fractional part of

whichVase it shall\e"coWidered ta1 '" " ' ' r - " " •exemption sh IU not e.the taxable > ^r.r.

In the case of an individual who dies diirin? tinj>?r-oml exemption and dependents shall bo deter ...tno time of death. Full credits shall also be allowed to the suiaccording to his or her status at tho close of the taxable year.

t 2 . i i h c i l f t i n o t t , i .

considered a a full month. The amount of personaled $3,500 where the head of a family is married during

able year, tho credits ford b h o h t t ^

General Infor;will be administered

ation

The tax of lj g per cent paid at source on such interest should be claimed as acredit in Item 15. Interest on bonds is considered incomo when due and payable.

Other income.—Enter as Item 4 all other taxable income, including dividendson stock of foreign corporations, income of an estate or tnidt, and your share(whether received or not) ia the profits of a partnership.

before the DepartmentReturns.—File the r

district in which yoT a x T h e tax'm

ithout charge by any collector,t, i f an internal revenue officer is nutbpfore a person authorized to admin-

hi t

reside on o b e r e M a r h 5,y be paid at time of filing the

c2—1570S

eturn, or in four equal

177160—3i 15



(Auditor'* Sump; CORPORATION INCOME TAX RETURNFor Calendar Year 1931

File Thi» Return with the Collector of Internal Retenue f..r Your District on or Before March 15. 193Z

Page 1 of Retun

(C.h(.r-. Stamp)

Ceah Chock M. O. Cart, of Ind.

Date of Incorporation

Under the Laws of whai Slate or Country

Is This a Consolidated Return of Two or More Corporations? If so, How Many?

G R O S S I N C O M E

Less Returns

2. Less Cost of Goods Sold:

(a) Inventory at beginning of yepr

(6) Merchandise bought for sale(-) Cost of manufacturing or producing goocta (From Sebeuulu AJ:

Salaries and OtherWages, $ I costs, S. ; Tot:

(<?) Total of lines (a), (6), and (c) - —

(c) Less inventory at end of year - . . .

3. Gross Profit from Trading or Manufacturing (Item 1 minus Ite;

4. Gross Profit from Operations Other Than Trading or Manufacturing. (S:i

(a)

(W -

(c) .,

5. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds

6. Rents -

7. Royal'ies - — - - - -

9. Dividends on Stock of Domestic Corporations

10. Other Income (including dividends received on Stock of foreign corporations). (

(a) - - - - -

(b) .. -. -

(c)

11. TOTAL INCOME IN ITEMS 3 TO 10

D E D U C T I O N S

12. Compensation of Officers (From Schedule C).

13. Rent on Business Property

14. Repairs (FrcmSchwSuteD); Salaries and Wages, S-— - ; Other Costs, S

15. Interest - - -

10. Ta.tos (From Schedule E) -

17. Losses (From Schedule F>.... - - - -

18. Bad Debts (From Scheduled).... -

19. Dividends (From S^dula E> -

20. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From Sci

21. Depletion of Mines, Oil and Gas Welis, Timber, etc. (Submit schedule, see Instruction

22. Other Deductions Not Reported Above. (Explain below, or on scpuate sheet):

(a) Salaries and wages. (Not Included in Item 2,12, or u above)

(4) Net Loss for 1929-1930 (submit si-noduM....

(c)

F. (Item 11 minus Item 23)...,

C O M P U T A T I O N O F T A X

2S. In,. If r:

12% of Item 27) •.• ;orporation is less than

int over $25,000e of d

Item 26) JS ; 1 '—.

at Source. (This credit can only be allowed to a

27. Balance (Item 25 mil

31. Less: Income Tax Pi

32. Income Tax Paid to a Foreign Country or U. S. possession

$25,360,

10. Total Tax (Item 28 plus Item 29).

residect foreign corporation) tS

tic corporation (see lust. 27) I ::i:33. Balance of Tax (Item 30 a s Ite 31 and 32)...

An amended retui must be marked "Amended" at top of r Checks and drafts will be accepted only if payable at par



Page 2 of R e t u r n SCHEDULE K—BALANCE SHEETS (See Instruction 43)

ASSETS

1. Cash

2. Notes receivable

3. Accounts receivable

Less reserve (or bad debi

4. Inventories:

Raw material......

Work in process

Finished goods.

Supplies

Obligationlitical 8'of Colui

Securities

Obligation

ubdivisio

issued uu

s ci the

u thereof, ci

.dertheleder

United Stat-

• t , e D ,

el FHTCU

BS or ,1,

istr.ct

LoaD

5 F-0*-

6. OtbeT invesfneats:

Stocks of domestic corporation?

Uoflds of domestic corporstious

Stocks and bonds of forei^ corpor&tkns

AH other inv'CSvCiciita or ioio*b. .

7. Deferred charges:

Prepaid taies

All other .

8. Capital assets:

BuCdinga

Machinery and equipment

F'îrniture &iid nurtures..

Delivery equipment.

I-r.es retirves for depre

9. Pat«nts --

10. Good will.

11. Oti^r assets (describe fuEy):

12. TOTAL ASSETS

LIABILITIES

13. Notes payabio (loss than erne year]

14. Accounts payable _

15. Bonds and notes (not secured by mortgage;

18. Mortgages (including bonds &r.d notes eobecured)

17. Accrued expeas«s:

All other _

18- Other liabilities (describe fully;.

19. Capital stock:

Preferred stock (less s

Common stock (leas s

20. Surplus

21. Undivided profits

22. TOTAL LIABILII



SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES JN SURPLUSPage » of Ketur t i

fl) Interest OD

;<9 Dividend*

(0 FnwwUot

CO Other item

(1)

wcuritita issued untin the Voderal Far

uder such Act as amended _

deductible u

liblflnnoc.

o! noouiib

adar SectionlaUaoritsposZ>(p) of toe

policies paid upon the dea

a'Loan —

13. Unallocable deductions:(3) Donation*, gratuities, and contributions.(0) Laxme l id profits taxes paid to the United Statw, and so

;iucb of such taxed p&id to its possessions or foreign coun-:.ric-a &3 are cl.uzxjQd B3 & credit in Item 32, pe£9 1 ol the

(c) Kftlora] t&x&s p&ld on tax-free C0V93&ut boudi(i) Special improvement taxes tending to mcrstis* the value of

the property assessod _

(•) Furniture and futures, additions, or betterments treated 03

CO Replacements and renewals

(j) Insurance premiums pcUd on £~o Irlcyw ffhere tbe corporation a directly or indiroctly

(ft; Interest on indebtedness Incurred c

4. C barges against reserves fo:

(o) -

iieias, otc. (tobedelaiiw):

«. Total from Lir

1. Not profit tor y13 Lino 6)

9. Otuer credits to surplus to !

TO. Total of lines 7 to 9, Lichisive.

11. Total from Lice 17

KIND OF BUSINESS

1. Bv means of the key letters given below, identify the corporation's niainincome-producing activity with one of the general c'asses, and follow th-s by a,epecial description of the business EUflicient to give tho information called forunder each general close.

A.—Agriculture and related industries, including fishing, logging, ico harvest-ing, etc., and also the leasing of such property. State tue product oi products.B.—Mining and quarrying, including gas .".iid oil well.?, and also tho leasing ofsuch proDcrty. State the product or products. C—Manufacturing, fcuitothe product and aLx< the material if not implied by the name of tho product.

equipping and instiling same with systems, devices, or maohiiicrv, withouttheir manufacture. Stats iv.ture cf Uruetures built, mattriaij used/or Jund ofinstallations. El.—Trucffportation—mil, water, local, etc. c'Mv. the kind andspecial product iriu.sportcd, if any. ii?«—Public utilities—gas (n&turr:.i, coM,or water); electrii; light cr power (hydro cr steum generated); heating (et«on orhot water); telephone; waterworks or power. E3.—Storage-—without tradingor profit from sales—(elevators, warehouses, slockyardf, etc.). State productstored. E4.~Leasing transportation or utilities. Stato kind of properly.F.—Trading in goods bought and not produced by the trading concern. Statemanner of trade, whether wholesale, retail, or corrumssior., end product handled.Sales with storage with profit primarily from sales. G.-~vService—domestic,including hctd?, restaurants, etc.; amusements; other professional, personal, ortechnical service. State the service. II.—Finance, including banking, realestate, insurance. 1.—Concerns not falling in abeve classes (o) because ofcombining severrj of them with no predominant business, or (6) for other

QUESTIONSI PREDECESSOR BUSINESS

6. Did the corporation !iio a return under rho *a<!

taxable your? Was tha corporation in !result, contiauation, or reorganiy.atic-u of a business oi

durinc; this or any prior year aince December .">!, I 317?

is *'yeB," give name and. P.ddres3 of eo.ch pre'J'jces-jor baainesa>

tho change ia entity. .„. ^

2. Concerns ^hoso business involves actiuty falling in two or more of theabove general classes, where the same -product in concerned, should report busi-ness as identified v/ith but one of the above general clarjJH' ; for example, con-cerns in A or B which also transport aad market their ovra product exclusivelyor mainly, should still be identified with clr.sses A or B; concerns in C (mamturing) which o-rrc or control their source of material supply in A or B and walso transport, bell, or install their own product exclusively or mainly, shouldbe identified ~*-Uh manufacturing; concerns in D may control or own the soof supply of materials used exclusively or mainly in their constructive work;concerns in E! or EU may own or control the source of their material or powerconcerns in F may transport or store their own icerch&ndise, but iXs productioiwould identify them with A, B, or C.

3. Answers:(<;) General class (use key letter designation)[b) Main income-produciug business (give specifically the inforcnati

called for under each key letter, also whether acting aa principal,l d i )

AFFILIATIONS WITH OTHER CORPOR.4TIONSSEE INSTRUCTION M

4. Is this a consolidated return ol two or more corporations?If so, procure from th j Collector of Internal Revenue for your district FormAffiliations Schedule, which shall be filled in, sworn to, and filed aa a part of thisireturn. Sec Article 12 (c) and (d), Regulations 75.

5. Did the corporation file a consolidated return for the preceding taxable

name for the preceding

Upon auch ch&age were tmy aaeet values incre&atxl or Jecrettaod?If the t u w r is "yea," closing balance sheets of old business and opening tjalaocaishecU of new business must be furnished.

BASIS OF RETURN

. Is this rctirrn made on the basis of actual receipts and disbtrrseraeots?lot, describe fully what other basia or method was uaed in computing net

VALUATION OF INVENTORIES

8. State whether the inventories at the beginning and end of the taxable yearere valued at cost, or cost or market, whichever is lower. If other basia was

used, describe fully, state why i«ed and the date inventory was last reconciled,-ith stock . ._

LIST OF ATTACHED SCHEDULES

9. Enter below a list of all schedules accompanying this return, giving for eacha brief title and the schedule number. The name and address of the corporationshould be placed on each separate schedule accompanying the return.

The corporation's books are in care of

Located at —— • • — -



Page 4

Salaries

of Return

m d ware s

SCHEDULE A—COST O F MANUFACTURING O R P R O D U C I N G GOODS

IlJMS 1 AMOUNT j' IT

1 I!

(See Instruct ion 2)

(EDu"wD

Itcn

s

lie)

•'IESCHEDULE B—PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction 8)

X. KIND OF PBorrETT 2 D i n ACQTOBED

i

•- i[

LOTTOS'"

1I

s 1

(LwL^m'I)

3 1

111

"1£t-ste hov,- property was acquired.. -

SCHEDULE C—COMPENSATION OF OFFICERS (See Instruction 12)

SHARKS OF STOCK O W K I D

6. Preferred j (Enter aa Item 12)

SCHEDULE D—COST OF REPAIRS (See Instruction 14) SCHEDULE E-TAXES PAID (See Inatruction 16)

Salaries and wages._

(Enter as Item 14)AMOUNT

:r as Item 16)

J. LSCHEDULE F—EXPLANATION OF LOSSES BY FIRE, STORM, ETC. (See Instruction 17)

IZII.;;1...; i is I . . . .

B. DOTHECIATIOM

ACQUISITION

. . !

0. IsstrSALVA

$

&LMCK AND3B VAI.DB

Is

17)

|

I

State bow property was acquiredSCHEDULE C—BAD DEBTS (See Instruction 18) SCHEDULE H—DIVIDENDS DEDUCTIBLE (See Instruction 19)

SCHEDULE !—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruction 20)

AFFIDAVIT>Ve, tho undersf^neti, pf id^^ r r ) *rtr* JT( T C ' 4 u€ corporation for which th>s return 13 rxsade, being severally duly sworn, each for himself aeposes and saya

that this return, k tiudiug tl t ace . • mvi ic t.< n d\ V i.n 1 rtatements, baa been examined by him and is, to tho best of his knowledge and belief a true andcompute return made m gcû i-i' , • - •' i <;* ,b o u r - Mated, pursuant to the Revenue Act of 192S and the Regulations issued thereunder.

Swem to and subscribe a b"V

See Injt.-uclior, 4S Attach a separate *heet i* any of the above scheduled do not provide iufficient space



Page 1 of LnstruetlcINSTRUCTIONS

T h o In s t ruc t i ons Numbered 1 to 24 on th is Pago Correspond with tho It(

13. raterfst.—E: t

Lugat s r t

GROSS INCOME AND DEDUCTIONSJ. Gross sales.—If engaged in trading or imn'jfart'jriiig, enter as Item 1

page i of tho return, the gross sales, less gcioda returned and any allowance,discounts from tho sale price. | jo. Taie —

raents of income and expenses t4> any national, State, municipal, or other public ' Jtom *>2 taxofficer may submit with the return n staternp.nl of income and expenses in the j fao prop's r i

nbws <ra Pagro 1 oi tho Return

I j . t TM* p J OT bu n" in ebtcdnc- Doi n - L m r c o d t o purchase or carry

,. "\ 3 -yhoLiy exempt from tax" n.

F i r 1 - p d 01r n s led / t c -n

) - E n t - *. I -n 17

by the income and expense statement submitted, t24 cu page 1 of the return

to (c) and hit in -Schedule ^ on page 4 of themclucrg a-L n» d o i "c ( f I t

the pT I c e 1 r rtt r f ia i \ du

If h r od i r U e r a ! f merfactor n t e n <s ntortaken at *i» cj. r a d cud of tl ta allor cost or nna k t w ii e\cr 1 lov.tr L t

) j S h J u t , i^ t

b E lae - f r ,

1

Le

1 n I

eJ 1u

d i

0

4 Gro t-f fit ' ^m o heoperatioi t t n l

t f th

credited t i c at J * 1mortâ^c r l po at ion Lc d

6 Rent - r as Ttcm J V r-o*Any dea t C 8 I j 1 o r ] a i uincluded i ( t » u s U b 45 » d20 i

| Pro

> r i

rt> i 1

1

pi p-

a bo

ect

item 21.

.nd capital

n

t r g n 1e gr atcr If tho

v, rtn Article 611 ofJld be charged off over t*-e

Pi"1 r i

The method

deducti b i i l r Ifplotio it u r n r

8 PTOS f ja sa.a it ao tal a et — E » It

loss fro ^ % i of r

assetsDes< U thepiopcrtybnefl n bcbpdu' P an I s at al con dera on a d n c e i r t c m nl b t t

or price r ive ' or th f-ur market \ 1 e cf t e property re e vcd in exchange | > g of the 1 wEipc s L te 1 v th the sil s I i L -IIU k 1 b tut m j l Ifdedu ' t u p t f t ! aid unt rrcencd " and tl e t TO L.

- the r £ il c t of tho proptrt> oi if it -s acq urcd pnor to Mar h i r fleeted n r i t I

r t > t;nt opfei u st bo

It I g t!o tatabo- Stocks 1 nd ,r within the m n-

1913 the fa ie i t e

I h bv.

r depleti

"1 Deplethe Colic imet8 ) TorIfcomplel Nthen file witûp to date,

of Regulatio

with thedeductionRegulatio

LS ê^^cia* ion tho amount of exhaurt on wear nd tear ob ole cen cr hi h has been aJowabie n r °pc t of Ruch pr r rtv Eince d tor ice March 1, 1913 if tho propor j was « q red rx'ore th t

date IceJoiUor if the property wa acquire btf *e M irc»i 1 1913 and U t! costofs h pro,, rtj is greater thai it fair market value ftb of t l i t date the c tshall be rodu cd by tho deprecia on actu l y sustained before that date ScArticles 501 to 604 of Regulations 74.

Subsequent improvements include expenditures for additions, improvements,and repair:: made to restore the property or prolong it3 useful life. Do not deduct•ordinary repairs, interest, or tatcs in computing gain or loss.

No lots shall be recognized in any sale or other disposition of shares of etock orsecurities where the corporation has acquired substantially identical propertywithin 30 days before or after the date of such sale, unless the corporation isa dealer in stock or securities in the ordinary course of business.

In case the amount to be entered in Column 7 is a deductible loss, such amountshould be preceded by a minus sign or written with red ink.

9. Dividends.—Enter as Item 9 the amount received as d

tion 251 of the Revenue Act of 1928 and other than a corporation organized ! cot clearly reflect thunder the China Trade Act, 1922, or (6) from a foreign corporation when it is ishown to the satisfaction of the Commissioner that more than 50 per cent of |

L*ch foreign corporation for the three-yâr period ending

Theif S3 000 sv hi h

n ornc of lc

t fd p

was computed. If a

24. Net incj deducting Ite 23 fro

•oiuo, which is obtained byic of a corporation shall be

mce with the method ofiniess such method doea

ccord;

the groay income of such foreign corporation for the three-yâr period endingTvilh the doss of its taxable year preceding the declaration of such dividends (orfor.such part of such period as the corporation haa been in existence) was derived I 'from sources within the United States. o f

COMPUTATION OF TAX

10 all other ta

mou.it of Items 3 to 10, inclu- '3, 4, and S.12 the compensation of al! ,l C '

10. Other income.—Entiplace ie provided on the return, together with :from Item 9.

11. Total iccome.—Enter a3 Item 11 the neive, after deducting any losses reported in II

12. Compensation of officers.—Enter as 1officers, in whatever form paid> and Gil in Schedule C, giving the informationrequested.

corporation has no equity.

14. Repairs.—Enter as Item 14 the cost of incidental repairs intludipR thelabor, supplies and other items which do not add to trie value or appreciablyprolong the life of the property. Enter as salaries and wages the coni)>ens:itioi),"during the period covered by thi3 return, of persons employed directly in con-nection with these incidental repairs, as shown in Schedulo D. Expendituresjfor new buildings, machinery, equipment, or for permanent improvements orl>ettcrmcnts which increase the valuo of the property are chargeable to capitalaccount. Expenditures for restoring or replacing property are not deductible,

depending on how depreciation is charged on the books of the corporation.List in Schedule E) the principal itcnu of cost, f^roupiug tUc minor itcuLj in

: rpi ) h h J ih n

t on l r p r 1 i ". m ntl th

:d uiider the China Trade

CREDIT FOR TAXES

giged nor pi cc

a trade orof bus n b3

i ed to be deducted

"n nr> onU S

1 t

bI a nt

. uned

account oft s bra t\ p v , m t.hed t ad nd tho

of a y t xA foreign


STATISTICS OF INCOME 225Pago 2 of I n s t r u c t i o n s

LIABILITY FOR FILING RETURNS

28. Corporations generally.—Every domestic or resident corporation, joint-stock company, association, or insurance company not specifically exempted bySection 103 of the Revenue Act of 1928, whether or not having any net income,must file a return on this form, or on Form 1120A if for a fiscal year.

29. Corporations in possessions of the United States.—Domestic corporationswithin the possessions of the United States (except the Virgin Islands) mayreport as gross income only gross income from sources within the United Statc3,provided, (a) 80 per cent or more of the grosa incomo for the three-year periodimmediately preceding tho close of the taxable year (or such part thereof asmay be applicable) was derived from sources within a possession of the UnitedStates; and (i>) 50 per cent or more of the gross income for such period or suchpart thereof was derived from the active conduct of a trade or business within» possession of the United States.

30. Foreign corporations.—A foreign corporation subject to the provisions ofthe Revenue Act of 1928, regardless of the amount of its net income, is1 requiredto file a return with the Collector in whose district is located its principal officeor agency through which is transacted tho business in the United States. Thenet income should be computed in accordance with Articles 671 to 8S-1 ofRegulations 74.

INSURANCE COMPANIES

31. Life insurance companies.—A life insurance company issuing Ufe insurancenod Annuity contracts (including contrncls of combined ILft*, hctiltti, flirJ scciclpntinsurance), aa defined by Section 201 of tho Revenue Act of 192S, shall file itstax return on Form 1120L, instead of this form.

32. 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 aa deductions in Item 22 of tho return, (a)the net addition required by law to be made within the taxable year to reservefunds (including in the case of an assessment insurance company the actualdeposit of sums with State or Territorial officers pursuant to law fia additionsto guarantee or reserve funds) j and (/>) tho sums other than dividendj paidwithin the taxable year on policy and annuity contracts.

33. A mutual marine insurance company shall include in its gross incoma inItem 4 of this return the gross premiums collected and received, lesa amountspaid for reinsurance, and in addition to the deductions allowed a corpora*ioi3,

allowed, may claim as a deduction in Item 22 of tho return amounts repaid topolicyholders on account of premiums previously paid by them, and interestpaid upon such amounts between the ascertainment and the payment thereof.

34. A mutual insurance company (including interinsurance and reciprocalunderwriters, but not including a mutual Ufe or mutual marine insurance com-pan;

BALANCE SHEETS

43. The balance sheets on page 2 of the return, Schedule K, should agroowith the books, or any differences should be reconciled. The balance sheetsfor a consolidated return should be furnished in accordance with Instruction41. All corporations engaged in an interstate and intrastate trade or businessand reporting to the Interstate Commerce Commission and to any national,State, municipal, or other public officer, may submit, in lieu of Schedule K,copies of their balance sheets prescribed by said Commission or State and munic-ipal authorities, 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 aprce in every respect with the balance sheet which was submitted as atthe end of the previous taxable year the differences should be fully explainediu the space provided under Schedule K.

PERIOD COVERED

44. E-.cc.-t in the case of the first return the corporation shall make its returnon the basis upon which the return was made for the taxable year immediatelypreceding unless, with the app^val of the Commissioner, a change is made inthe accounting period.

45. If a corporation desires to change its accounting period from fiscal yearto cslonclnr your, from c~?cndcir yenr to fiscal yenr or from one fific&l y &r tonnoti-cr Cscal year, an application for such change shall be made on Form 1128and forwarded to the Collector prior to the expiration of thirty days from theclo;e of the proposed taxable year.

46 Where the Commissioner approves a change in the accounting periodthe net income computed on the separate return for a fractional part of a yearshall bo placed on an annual basis by multiplying the amount thereof by twelveand dividing by the Dumber of months included in the period, and the taxshall be 6uch part of the tax computed on such annual basis as the number ofmoai.ua in such period is of twelve months.

TIME AND PLACE FOR FILING

47. The return for the calendar year 1931 inuet be sent to the Collector ofInternal Revenue for the district in which the corporation^ principal office islocated so as to reach tho Collector's office on or before March 15, 1932. Inthe rase of a foreign corporation not having any office or place of business inthe United States the return shall be filed on or before June 15, 1932, with theCollector of Internal Revenue, Baltimore, Maryland.

48 The Collector of Internal Revenue may grant a reasonable extension oftime for filing a return, if application therefor is made before the date pre-scribed by law for filing such return, whenever in his judgment good cause exists-

SIGNATURES AND VERIFICATION

i, in addition to the deductions allo-s

•mpanycorporation, and to E

amount of premiun

cipal officer, and by the treasure or assistant t: The return

a. deduction in Item 22 of the returndeposits returned to its policyholdera and the amoretained for losses, expenses, and reinsurance reserves.

35. The receipts of shipowners' mutual protection and indemnity associationsnot organized for profit, and no part of the net earnings of which inure3 to thebenefit of any private stockholder or member, are exempt from taxation; butsuch associations shall be subject as other corporations to tho tax upon theirnet income from interest, dividends, and rents.

36. Benevolent life insurance associations of a purely local character, mutualditch or irrigation companies, mutual or cooperative telephone companies, orlike organizations arc exempt from taxation only if 85 per cent or more of theincome consists of amounts collected from members for the solo purpose ofmeeting losses and expenses.

37. Other insurance companies—The net income of an insurance company(other than a lift) or mutual insurance company referred to above) ia the grosg

Underwriting income, computed on the basis of the underwriting and investmentexhibit of the Annual Statement approved by tho National Convention ofInsurance Commissioners, plus the gain from the sale or other disposition ofpro])crty, less the deductions for ordinary and necessary expenses, interest,taxes, losses, bad debts, depreciation, etc., as provided in Article 991 ofRegulations 74.

CONSOLIDATED RETURNS

38. Subject to the'provisions of Section 141 of the Revenue Act cf 1928 andRegulations 75, an affiliated group of corporations may make n. consolidated

the determination, computation, assessment, collection, and adjustment of taxliabilities under a consolidated return, are governed by.Regulations 75. If aconsolidated return is made for any tuxable year, a consolidated return mustbe made for each subsequent taxable year.

39. The parent corporation, when filing a consolidated return on this form,ehall attach thereto a schedule showing the names and addresses of all thocorporations included in the return. Each subsidiary must prepare two dupli-cate originals of Form 1122 consenting to Regulations 75 and authorizing the•making of the return on if 3 behalf. See Article 2(£») of Regulations 75. One ofsuch forms shall be attached to the consolidated return us a part thereof, andthe other shall be filed, at or before the time the consolidated return is filed,in the office of the Collector for the subsidiary's district.

40. Supporting schedules shall be filed with the consolidated retiirn. Theseschedules shall be prepared in columnar form, one column being provided foreach corporation included 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 explanationa 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.

41. Consolidated balance sheets as of the beginning and close of the taxableyear of the group, shall accompany the consolidated return prepared in a formsimilar to that required for reconciliation of surplus.

such agent. If receivers, trustees in bankruptcy, or assignees are operating theproperty or business of the corporation, such receivers, tiustees, or assigneesshall execute the return for such corporation under oath. An attorney or agentemploved to represent the corporation before the DepartzneDt in connection,with its tas liability ia not permitted to administer the oath.

PAYMENT OF TAXES

50. The tax should be paid by sending or bringing with the return a check ormoney order drawn to the order of "Collector of Internal Revenue at (insertnarae of city and State)." Do not send cash by mail, cor pay it in person,except at the Collector's office.

The tax in the case of a domestic corporation may be paid when the returnis filed, or in four equal installments, as follows: The first installment shall bepaid on or before March 15, 1932, the second installment shall be paid on orbefore June 15, 1932, the third installment on or before September 15, 1932,and the fourth installment on or before December 15, 1932.

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

51. 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.

52. For willfully making a false or fraudulent return.—Not more than $10,000or imprisonment for not more than five years, or both, and, in addition, 50 percent of the amount of the tax.

WORKING PAPERS

42. Every corporateworking papers nhowinused in preparing the r

53. For deficiency in tax.—Interest on deficiency at 6 per cant per annum tothe date tin; deficiency is assessed, or to the thirtieth day after the filing of awaiver of the right to file a petition with the Board of Tax Appeals, whicheverdate is the earlier, and, in addition 5 per cent of the amount of the deficiency ifdjo to negligence or intentional disregard of rules and regulations withoutintent to defraud, or 50 per cent of the amount of the deficiency if due to fraud.

UNDISTRIBUTED PROFITS

o4. If any corporation is formed or availed of for the purpose of preventingthe imposition of the surtax upon its shareholders by permitting ita 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 Act. In such case the netincome shall include interest on obligations of the United States issued afterSeptember 1, 1917, which would be subject to tax in whole or in part in thohands of an individual owner, and dividends received from a domestic corpo-ration. See Section 104 of the Revenue Act of 1928.

INFORMATION AT THE SOURCE

55. Every corporation making payments of salaries, wages, interest, rent,commissions, or other fixed or determinable income of $1,500 or more duringthe calendar year, to a single person, a partnership, or a fiduciary, or 53,500 o?more 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 1096 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 1931 must be forwardedto the Commissioner of Internal Revenue, Sorting Section, Washington, D. C ,in time to be received not later than February 15, 1332. »—wws



IL RlVXNVZ SER1 INSURANCE COMPANY INCOME TAX RETURNFOR COMPANIES ISSUING UFE AND ANNUITY CONTRACTS. INCLUDING COMBINED W t . HEALTH, AM) J K H O T RSUfiANCE

For Calendar Year 1931File Thil Rehiro with Die Collector of Intenul Rereruw for Your Dirtriet on or Before M.rch 15, 1932

PRINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS

-------- - —

Do Not Write in

FileC«Kfe _

StrutNtmber

Dirtrid.. . .

These Spaces

Cadi CWk M.O. Ccrt.oflncL

iJ£?t£V« GROSS INCOME

1. Interest on Bank Deposits, Bonds, Mortgages, Notes,2. Dividends on Stock of Domestic and Foreign Corporati3. Rents (attach schedule)....4. TOTAL INCOME IN ITEMS 1 TO 3 (extend total to column 3).._

DEDUCTIONS

6. Interest Exempt from Taxation (attach schedule)6. Four per cent of the Mean of the Reserve Funds (Item 11, Schedule A)7. Dividends (attach schedule).8. Two per cent of the Reserve Held for Deferred Dividend;9. Investment Expenses (attach schedul.

10. Taxes..11. Other Real Estate Expenses..12. Depreciation, Obsolescence, and Depleti13. Interest on Indebtedness14. TOTAL DEDOCTIONB IN ITEMS 5 TO 13 (extend total to

15. NET INCOME (Item 4 minus Item 14)...

C O M P U T A T I O N O F TAX

16. Net Income (Item 15 above)17. Less Credit of $3,000 (for domestic company

having a net income of less than 825,360)18. Balance (Item 16 minus Item 17)19. Net Income of Foreign Company (...% Item 15).24. Less: Income Tax Paid at Source. (This credit can only be alii25. Income Tax Paid a Foreign Country or United States Pos26. Balance of Tax (Item 23 minus Items 24 and 25)

$ | I I | 20. Inccme Tax (12% of Item 18); orI 21. If a Foreign company, 12% of Item 19

^J\ 22. If the Net Income of Domestic Company is less- J than $25,360, erjter amount in excess of $25,000.

S !- ! .' i[ 23. Totfcl Tax (lU-m 20 or 21 plus Item 22)....id to a Nonresident Foreign Company)oion by a Domestic Company (see Inet. 15)

SCHEDULE A—RESERVE FUNDS

ôt included elsed by Law

. Reserve for Outstanding Policies and Annuities...

. Reserve for Disability and Accidental Death Benefits

. Reserve for Supplementary Contracts

. Reserve for Incurred Disability Benefits

. Reserve for Policies upon which a Surrender Value May Be Dem an

. Deposits Made with State Officers by Assessment Companies as R<

. Other Reserve Funds (attach itemized statement)TOTALS OF ITEHB 1 TO 7

. Total of Columns 2 and 3, as Shown in Item 8 above.

. Mean of the Reserve Funds for the Taxable Year (one-half of Itci:

. Four per cent of the Mean of the Reserve Funds, as Shown in Item

. Total Reserve Funds of Foreign Companies at End of Taxable Yt:

. Percentage which Item 12 is of Item 8, Column 3 (compute a fracti

. Give the Title and Sections of State Statutes or Insurance Departnn of one per cent to three deci.nnt Rulings Requiring the Rc-oe

:ed Statial figun

(attach statees)imed Above.

SCHEDULE B- INVESTED ASSETS BOOK VALUES

LIFE DEPARTMENT

..? L..1. Real Estate2. Mortgage Loans ' L_ J3. Collateral Loans ' i I4. Policy Loans, Including Premium Notes ' i J .5. Bonds and Stocks..... L. I L6. Bank Deposits Bearing Interest. I... ! !.7. Other Interest-bearing Assets (attach statement)..1 J . . . •....I.8. TOTALS OF ITEMS 1 TO 7 'îÂ-—^

9. Total of Columns 2 to 5, Inclusive, as Shown in Item 8 above10. Mean of the Invested Assets for the Taxable Year (one-half of I te-l l . One-fourth of One per cent of the Mean of the Invested Assets...

- J s...-....!.........!..-..J

We, the undersigned, president and tre__itthiscomplete

Sworn to and subscribed before

AFFIDAVITmpany for which t nch for himself, deposes and saya



INSTRUCTIONSThe Instructions Numbered I to 13 on tUis Pago Co;

CROSS INCOME AND DEDUCTIONS

un (111 aud pa\ "'i1. Interest —Fnter a Item 1 intcrc r r»r ivo 1 i

•taxable year. Interest on bonds is considered me >r2. Dividends.—Enter as Item 2 dividend; r^ceuc

foreign corporation3. Rents.—Enter as Item 3 rents received from I

\alue of the space occupied in any building ownedthe i~nt 1 v l ie cf a buildin* o occup ed l ii ' i

sapond with, the Item Numbers on Page 1 of tho Return

j COMPANIES REQUIRED TO HLE A RETURN

mpany that m iithin the 1 nite \ s ->tcs i m h ife and

f - t o e fuGUneit jf such c

le Ideprec

it of -It t ie - t ' u c (o at

r si ed for e- I builu

7. Total o

4. Total income— Enter as Item 4 the total of I t cns 1 to 3 iv 'u s i ve

received on tlic following oV)iigitions wnicIi ore cxptnpfc from tiîitiou I•Obligations of a State, Tirntory or any political subdtvi ion thereof or tlDistrict of Columbia; (2) Securities issued unler the proyi ions of the Fcde ilFarm Loan Act or under the provisions of such Act as mended, and (4) 01 'gations of the United States or us po sîon= Submit a schedule l o w i n g feach class of securities, (a) name of ob i0ahon, (b) amount of principal ( ) ratof interest, and (d) interest recuved

6 Four per cent of the mean of the reserve funds —Enter as Item 6 theamount reported as Item 11 in Schedule A

7 Div dend" —Enter as Item 7 tho total mount of dividend* deluchb!tinder S etion 203 (u) (3) of the Reyenuc Vet of 10_b A schedule shoi 1 1 1MibmitUa si o\ ing the amount, r cen td as di iden Is (a) from each doi K ticorporati in other than a coiporation cntitlid to the benefit of Section j l i *"the Vet and other th n 4 corporatior orpani d under t i e Chit i Tt tr1 \ '1022 i i d (7) f r o n d h fcrcign o rpo i ition vlu n it l shown to the sitist irt e <of the Coinnii iorcr that more ill in 50 per rent of t ic gross income of such f ueign corponhon for t 'u three year p e r o l en hng with the cl J c of it t i il '>earpru f'i o the dccl-ialicn of buch div e'ends (or for such p t of uch pen jaa th i m u n corporation ba3 been in c i s t ace) v.a derived from sot uwithin t ic Lmted states

8 Two per cent of the re erve held for deferred dividends —Enter as It i â n a n o u n t e r p M to 2 per cent of t h e n sfrvehrld at the end of thi t iW< y ifor d i l r m 1 cuvile-uS the i asmcit of which i deferred fjr a p. nod if nj t 1.thin li\ c irs irom the u te f the policv contr ct Do not uckid in ireserve d v i l 1 p y lole dur ng the foUowi ig taxab'e \ t -

9 Inv stment eipenses —En'or as Item 0 cxpens •, pai l whu'i are p opchary a>' t j m\c (i i^n expense^ the total annun t of w t u h it t' i re 1 < i

ti!c B -iiu in take i d iV ho ing t ic nxturn a id am int ot fie itrms in hi 1 1herein the nmor items bem- gioup d in one "La unt êe Vttir-le 7 "> J tR c a l i t i us 71

10 Taxeb— Enter a3 Item 10 taxes pud rxclu i\ol\ upon leale fate own lhthecompmy i id tl at proportion or tin. taxes as e scd again t m d i \ i l i il >holders -n J p id by the company without reinibiir ement as pr % \ 1 IArticle 7<)4 cf K gulitions 74 Do not include fixes a sc ed ao un t IKb nefits of a 1-irnl lending to men a e he \ lue ot the property a se sal I

\ r Ceding >ear mu f bt a1 o fuim he 1 if not filed with th< letuin for the pie-

PLRIOD COVERED

20 The r U rn shall be forth c 1 n h r v e a r e n d 1 Dre nibor 31 14 I i i

btatelav 3 regulating insurance'. unp/'iiM

T I M E A N D P L A C E F O R F I L I N G

2 1 T h r ( u r n t r u s t U s«n t t o flu C / i c cr of I n t i i il R e v e n u e for t h e d i - -

1 t r , o f l ie . . n < r b e f o r e M a r e ' i J 1 9 J . ' *" I n i h t t a < ot I f o r p k n C o m p a n y -

bei J u t

if a p p i . .'lK m IV cr int a i< i o m b ' i extension of t ime for filing a ret;i

lor is n u d e befort (he d a t e prescribe d b j law for liliug s

AFFIDAVIT

''•' The re tu rn shall be ? n o m to 1 v tho [ re l Jcnt vice president or ot rI i i l o F i r a n i b \ tho tre i urer i r i s i s t in t r i surer 1 he r tu rn ot i' f e i i panv h i v i n g an P M nt n I \ nit . 1 ^t i t . s t l n ' l be sworn to > v

i (lit \ n a tn i rncv or î, nt c l p l i s e d t a r e p n s t n t t i c compan I t fore' U a r t n e i t la no t pe rmi t t ed 11 if minister t he oa th

PAYMENT OF TAX

° T i tax si j ikl r e p i d by en hng with (hi re turn a check or money order1 u n t > t l o r d i r o f Co l l . . tor of Int i m i l Ri venue a t (insert name of citv and

I -> it 1 T o not end c sh b> i mU or pav it in pcison except a t the collector s

It i t ' i l » n in tho c i e of a d w m s t i c company m a \ bt paid at the time ofj i i V r h r n i i i n f i u p q u i l i i . h l l m m t s a fo lbu T h e f r t in t Him nt

I ( i or ' x l u n Ju'n U 19* the th rd in U i n . nô 'n c r ^ f o r f ' s e i t u i l f r ' l a' 1 n i t f urtli in t a l lm.n t on or b e n r . D e . c m b . 15 1<),2I It a i v ir t llnici.t i not p n 1 on the d i te fixed for it ] u m e n ' th, w i l lI >[ t ' ic tax unpa id s n i b . pa id upon notice and demand b) t he collector1 PENALTIES

wilful failure » make end file

bfjr p

11. Other ate exp nd i

t for

For wi [fully m a k i n g a fa s e or f r a u d u l e n t r e t a r n — N o t *noro t h a n S10 000r n p n on c u t t jr n o t m o r e l a n l ive \ e a r o r b o t h , a n d , in a d d i t i o n oO p e r

^» F o r d e f l a t e , n t a x — I n t r e s t on cipfici. i c y i t 6 p e r c e n t p e r a n n j m 11e l i t e t1 . .1 <iiiencv is 1 o r to t h - t u r t i Hi d i y a f t e r t h t i l ing of \i i . t t i r h t t ) till a | e t i l u i w i t h th i U ) i r d of I IX \ p p t a l v v h i h e v i

' i H * ' e i r l r a n d n i 1 h t i n j p i r c it jf th tin m n t < f t h .1. hi i ir> n î i i e r i n l n t i t a l Ii r c i r l r f r il a n d n c, il i t i us w ' h j u t u t t

INFORMATION AT SOURCE

u p m t l e l <f the cost of t he prop l y or it pi r. h i e i pri r t ) M ir '.1 0 ' " th i n t o \ I'IIC »s of t h t t d i k \ hii ho\ r is ^n if r m i tin r

Ii tho G i! s i(e

o.l L i

_ n l t ' d ~ t e c . r u

i irr d i r t , turn d to purchase o e irrv obi u i i n or . t n I ( t r \ t U tin I it ..f [ t I < 1 I'I 11 ii J fund a' the end of the ( i a t l \i p m \ h u h is nholly exempt from f ixa t ion Intcre t [ i ' jn liy i 1 I 'm dep sit an i surrendered da r ing t h e taxable \ e a r nould be m e l a j J i i if u AX ai ' h J fui J i \ m a t i d j r i n g tLc follo\ ing ta ble }

C R E D I T F O R T A X E S

l e s s w i t h i n t h e I n i k d S t a t e s a n d i I h i \ m g a n y o l l u . t " i r i I i ce t In i

hi r u n m a y cl i m i a c r e d i t i n I t e m - 1 i iy m e o m t a x r q u i r e 1 o U i I l

1 5 I f c r e d i t i c h i m r d i I I t ' - m ° T f o r i n c o m e t a x p a i l t o a f i r e i ^ i r v *

u c h t i x i m m i i i t m n t b o n> n i t \ d w i t h t h i r e t i m I U r i t i , i l u m ' ' , , , . , , , , . T , , , . , ,

o r t n s it. rue 1 a bond n y 1 < il > required ou l o ai H I I V t j bu ' F x ' r P>0f If njt st i cli^Lte and K i n i n U-onipany is not entitled to claim this credit. i

LIST OF ATTACHED SCHEDULES16 Attach 1 h t rf tli = 'i 1 i!i a n [. tiyi i . HIM r tu < „ i " U l n i i r d c nen c nir>ir ta n.u d to or lncladed la t U iu\cs(o

, brief title and t1 e belie lul u l u b a i l a i a u i . J J j l l r i ii im each schedule. ' ' ' i-<pe-us.- «hov,n ia Hem 0?


INDEX

APage

Accident, casualty, fire insurance companies, etc., income tax returns ofcorporations (see also Insurance) 147

Accounts and notes payable, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Accounts and notes receivable, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Aerial transportation, income tax returns of corporations engaged in (seealso Transportation and other public utilities) 145

Agricultural machinery and equipment, income tax returns of corporationsengaged in manufacture of (see also Metal products) 144

Agriculture and related industries:Corporation income tax returns:

Assets and liabilities, classified 148Compiled receipts and statutory deductions classified- 130, 134, 138, 148Consolidated returns 34Industrial subgroups 142Returns showing net income and no net income 21-23Total assets classes 160Years, 1922 to 1931 178

Individual income tax returns:Net profit from business 15

Airplanes, income tax returns of corporations engaged in manufacture of(see also Manufacturing not elsewhere classified) 145

Amusements, theaters, motion-picture producers, and motion-picturetheaters, etc., income tax returns of corporations (see also Service) 146

Assets, in corporation balance sheets 28-32Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Revised items, Statistics of Income, 1927 32Total assets classes 32, 154-159Years, 1926 to 1931 48

Auto tires and tubes, etc., income tax returns of corporations engaged inmanufacture of (see also Rubber products) 143

Autobus lines, taxicabs, etc., income tax returns of corporations (see alsoTransportation and other public utilities) 145

Average net income, tax, and tax rate percent, individual income taxreturns 4,59-60

B

Bad debts, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

229


230 INDEX

PageBakery products, confectionery, etc., income tax returns of corporations

engaged in manufacture of {see also Food products, including beverages) _ 142Banking and related industries, income tax returns of corporations

engaged in {see also Finance) 147Beverages, soft drinks, etc., distilling, income tax returns of corporations

engaged in manufacture of {see also Food products, including beverages) _ 143Blast furnaces, steel mills, and rolling mill products, etc., income tax

returns of corporations engaged in manufacture of {see also Metal andits products) 144

Bonded debt and mortgages, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Bonds, estate tax returns, by net estate classes 50-53Boots, shoes, slippers, etc., income tax returns of corporations engaged

in manufacture of {see also Leather and its manufactures) 143Brokers, stock and bond, etc., income tax returns of corporations {see

also Finance) 147Building and construction, etc., income tax returns of corporations en-

gaged in {see also Construction) 145Building materials and supplies, metal, income tax returns of corpora-

tions engaged in manufacture of {see also Metal and its products) 144Business, individual income tax returns:

Amount and percent 9Frequency distribution, by size of specific source of income 13Industrial groups, number, net profit, and percent 15Net income classes 10, 71No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 69Years, 1916 to 1931 42-43Years, 1916 to 1931, net income $5,000 and over 43-44

Business service, detective bureaus, trade shows, etc., income tax returnsof corporations engaged in {see also Service) 147

C

Canned products, fish, fruit, vegetables, etc., income tax returns ofcorporations engaged in manufacture of {see also Food products) 142

Capital assets—real estate, building and equipment in corporationbalance sheets:

Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Capital net gain, individual income tax returns 7-8Income from:

Amount and percent 9Frequency distribution, by size of specific source of income 14Net income classes 10, 71Net income exempt from normal tax 7No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 69Years, 1922 to 1931 42-43Years, 1922 to 1931, net income of $5,000 and over 43-44

Tax on:Net income classes 61Net income classes by States 75-124Years, 1922 to 1931 _"_ 38


INDEX 231

PageCapital net loss, individual income tax returns 7-8

Amount and percent 9Frequency distribution, by size of specific source of income 14Net income classes 10, 72No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 70Years, 1926 to 1931 42-43Years, 1928 to 1931, net income of $5,000 and over 43-44Tax credit for:

Net income classes 61Net income classes by States 75-124Years, 1924 to 1931 38

Capital stock, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Carpets, floor coverings, etc., income tax returns of corporations engagedin manufacture of (see also Textiles and their products) 143

Cartage and storage, income tax returns of corporations engaged in (seealso Transportation and other public utilities) 145

Cash, in corporation balance sheets:Industrial groups 148-158Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Cash dividends paid, in corporation balance sheets:Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income _ __ 30States 1 129Submitting and not submitting balance sheets 28Total assets classes 154-159Years, 1922 to 1931 28

Changes in tax laws affecting comparability of statistical data:Corporation income tax returns 204 207Estate tax returns 208-209Individual income tax returns 198-203

Charitable bequests, estate tax returns, by net estate classes 50—53Chemicals and allied products:

Corporation income tax returns:Assets and liabilities, classified 151Compiled receipts and statutory deductions, classified 132,

136, 140, 151Consolidated returns 34Industrial subgroups 144Returns showing net income and no net income 21-23Total assets classes 169Years, 1922 to 1931 180


Clothing, income tax returns of corporations engaged in manufacture of(see also Textiles and their products) 143

Coal mining, income tax returns of corporations engaged in manufactureof (see also Mining and quarrying) 142

Commission, income tax returns of corporations (see also Trade) 146Common stock, in corporation balance sheets:

Industrial groups 148—153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48


232 INDEX

Community property income, individual income tax returns: PageNumber and amount of net income 6, 66, 68

Compensation of officers, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Compiled receipts. {See Corporation compiled receipts.)Consolidated returns for affiliated corporations 33-35

Industrial groups 34Net income and deficit classes 35Number of subsidiaries 35Revised number, '' Statistics of Income, 1930" 33

Construction:Corporation income tax returns:

Assets and liabilities, classified . 152Compiled receipts and statutory deductions, classified 133,


Individual income tax returns:Net profit from business • 15

•Contributions, individual income tax returns:Amount and percent : 9Net income classes 10, 72No net income, amount 19No net income, by deficit classes 125Percentage distribution 12States 70Years, 1917, 1920, 1922 to 1931 42-43Years, 1917, 1922 to 1931, net income of $5,000 and over 43-44

Corporation assets and liabilities, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 32, 154-159Years, 1926 to 1931 48

Corporation compiled receipts:Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177Submitting and not submitting balance sheets 28Total assets classes 32, 154-159

Corporation deficit:Assets and liabilities, classified 148-177Compiled receipts and statutory deductions, classified 130-141, 148-153Deficit classes _- 24, 35Deficit classes by years 48Defined 2-3Fiscal and part year returns 36-37Industrial groups 34, 130-141, 148-153, 160-177Industrial groups and subgroups 142-147Industrial groups by years, 1922 to 1931 178-182Returns showing net income and no net income 30States 129Submitting and not submitting balance sheets 28Total assets classes 32, 154-177Years, 1916 to 1931 47Years, 1922 to 1931, by States 183-193Years, 1926 to 1931, in corporation balance sheets 48

Corporation income, income tax returns:Gross:

Consolidated returns 34Industrial groups 21-23Industrial groups and subgroups 142-147Industrial groups by years, 1922 to 1931 178-182States 128-129Years, 1916 to 1931 46


INDEX 233

Corporation income, income tax returns—Continued.Net: Page

Amount exempt from and amount subject to tax 25Assets and liabilities 30, 148-177Compiled receipts and statutory deductions 28, 130-141, 148-159Consolidated returns 34-35Defined 2-3Fiscal year returns 36Industrial groups 22Industrial groups and subgroups 142-147Industrial groups by years, 1922 to 1931 178-182Net income classes 24, 47Part year returns 37States 128States by years, 1922 to 1931 183-193Total assets classes 32, 154-177Years by net income classes 46Years, 1909 to 1931 47

Corporation income tax:Amount and percent 20Compared with tax collections 3-4Compiled receipts and statutory deductions 28, 130-141, 148-159Consolidated returns 34-35Exemptions from 25Fiscal year returns 36Income and profits taxes paid foreign countries 26Industrial groups 22, 130-141, 148-153Industrial groups and subgroups 142-147Industrial groups by years, 1922 to 1931 178-182Net income classes 24Part year returns 37Rates 204-207States 129States, by years, 1922 to 1931 183-193Total assets classes 154-159War-profits and excess-profits tax by years, 1917 to 1922 46Years, 1909 to 1931 46

Corporation income tax returns (see also Corporation deficit; Corporationincome; Corporation income tax):

Assets and liabilities, by industrial groups 148, 153, 160-177Changes in tax laws affecting comparability of statistical data 204-207Comparison 1931 and 1930 returns 20Compiled receipts and statutory deductions 28, 130-141, 148-159Consolidated returns 34-35Deductions allowed life insurance companies 21Deductions in. (See Deductions.)Dividends. (See Dividends paid and Dividends received, Corpora-

tion income tax returns.)Fiscal and calendar year returns tabulated 1Fiscal and part year returns 36-37Geographic distribution 4Industrial classification 4Net income and deficit classes 24, 47Number of—

Industrial groups 21-23Industrial groups and subgroups 142-147States 128-129Years, 1909 to 1931 46Years, 1928 to 1931, net income and deficit classes 47

Returns showing net income and no net income:Compiled receipts and statutory deductions 130-141, 148-159Industrial groups 21-23, 178-182Industrial groups and subgroups 142-147Industrial groups by years, 1922 to 1931 178-182States . I . I m 128-129Years, net income and deficit classes 47Years, 1922 to 1931, by States 183-193


234 INDEX

Corporation income tax returns—Continued. Page-Submitting and not submitting balance sheets.. 28, 48, 148-159Total assets classes 32, 154-177

Corporation compiled net profit (or deficit):Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177Submitting and not submitting balance sheets 28Total assets classes 32, 154-177

Corporation statutory deductions:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Corporation statutory net income:Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177Submitting and not submitting balance sheets 28Total assets classes 32, 154-159

Corporation surplus and undivided profits:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Corporation taxes. (See Corporation income tax; Corporation war-profitsand excess-profits taxes.)

Corporation war-profits and excess-profits taxes:Amounts, years 1917 to 1922 46

Cost of goods sold, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Cotton goods—dress goods, plain cloth, etc., income tax returns of cor-porations engaged in manufacture of (see also Textiles and their prod-ucts) 143

Counties, number of individual income tax returns by 19Credits, estate tax returns of resident decedents:

Net estate classes 50-53States 54-55

Credits, individual income tax returns, classified:Earned net income 8-9Net income classes 61Net income classes by States 75-124Years, 1922 to 1931 38

D

Debts, unpaid mortgages, etc., estate-tax returns, by net estate classes._ 50-53Debts, bad, corporation income-tax returns. (See Bad debts.)Deductions:

Corporation income-tax returns:Industrial groups 130-141, 148-153Returns showing net income and no net income 21-23States 128-129Total assets classes 154-159

Estate-tax returns:Net estate classes 50-53States, resident decedents 54-55

Individual income tax returns:Amount and percent 9Net income classes 10-11, 72No net income, amount 19No net income, by deficit classes 125Percentage distribution__^ 11—12Prior year loss 70, 72States 70Years, 1916 to 1931 42-43Years, 1916 to 1931, net income of $5,000 and over 43-44


235

Deductions—-Con tin ued.Interest paid:

Corporation income tax returns: pageIndustrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Individual income tax returns:Defined 16Net income classes 74States 73Years 17

Taxes paid other than income tax:Corporation income tax returns:

Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Individual income tax returns:Denned , 16Net income classes 74States 73Years, 1927-1931 ] 7

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


Depreciation, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes '_ 154-159

Dividends received:Corporation income tax returns:


Individual income tax returns:Amount and percent 7. 9Frequency distribution by size of specific source of income 13Net income classes 10, 71No net income, amount 19No net income, by deficit classes 1 125Percentage distribution 11States 69Years, 1916 to 1931 42-43Years, 1916 to 1931, net income of $5,000 and over 43-44

Dividends paid to shareholders, corporation income tax returns 26Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177States 129Submitting and not submitting balance sheets 28Total assets classes 154-159Years, 1922 to 1931 . 26

Domestic service—laundries, restaurants, etc., income tax returns of cor-porations (see also Service) 146

E

Earned net income of individuals, tax credit of 25 percent on:Defined 8-9Net income classes 61Net income classes and by States 75-124Years, 1924 to 1931 J - - - 38

Electric light and power companies, income tax returns of corporations(see also Transportation and other public utilities) 145

Electric railways, etc., income tax returns of corporations (see also Trans-portation and other public utilities) 145

177160—34 16


236 INDEX

PageElectric machinery and equipment, income tax returns of corporations en-

gaged in the manufacture of (see also Metal and its products) 144Estate tax returns:

Changes in tax laws affecting the comparability of statistical data__ 208-209Defined arid distinguished from inheritance tax 49Net estate classes 50-53States, resident decedents 54-55Unaudited returns tabulated 49Years, 1916 to 19-31, resident and nonresident decedents 56

Excess-profits tax:Corporation income tax returns 46Individual income tax returns 38Partnerships 38

Exemptions from tax:Corporation income tax returns 25Estate tax returns 50-53Individual income tax returns 7, 59-60

F

Factory machinery, etc., income tax returns of corporations engaged inmanufacture of (see also Metal and its products) 144

Farming, cotton, grain, stock, etc., income tax returns of corporationsengaged in (see also Agriculture and related industries) 142

Fertilizers, income tax returns of corporations engaged in manufacture of(see also Chemicals and allied products) 144

Fiduciary, individual income tax returns:Amount and percent 9Net income classes 10, 71No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 69Years, 1916 to 1931 42-43Years, 1916 to 1931, net income $5,000 and over 43-44

Finance:Corporation income tax returns:

Assets and liabilities, classified 153Compiled receipts and statutory deductions, classified. 133, 137, 141, 153Consolidated returns 34Industrial subgroups 147Returns showing net income and no net income 21-23Special deductions allowed life insurance companies 21Total assets classes 175Years, 1920 to 1931 182


Fiscal year returns:Corporation:

Month ending the fiscal year 35-36Net income and deficit classes 36

Individual 1Food products, including beverages:

Corporation income tax returns:Assets and liabilities, classified 149Compiled receipts and statutory deductions, classified, 131, 135, 139, 149Consolidated returns 34Industrial subgroups 142Returns showing net income and no net income 21-23Total assets classes 162-163Years, 1920 to 1931 178


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


INDEX 237

Forest products:Corporation income tax returns: Page

Assets and liabilities, classified 150Compiled receipts and statutory deductions, classified. 131, 135, 139, 150Consolidated returns 34Industrial subgroups 143Returns showing net income and no net income 21-23Total assets classes __ 166-167Years, 1920 to 1931 180


Forestry, fishing, ice harvesting, etc., income tax returns of corporationsengaged in (see also Agriculture and related industries) 142

Forms:Corporation income tax returns, 1120, 1120L , 220-227Individual income tax returns, 1040, 1040A 214-219

Frequency distribution of individual returns by size of income from specificsources 1 13-14

Funeral and administrative expenses—estate tax returns, by net estateclasses 50-53

Fur. (See Textiles not elsewhere classified.)Furniture, etc., income tax returns of corporations engaged in manufacture

of (see also Forest products) 143

G

Gas companies, artificial and natural, income tax returns of corporations(see also Transportation and other public utilities) 145

General explanations 1-4Geographic distribution of returns defined 4Gloves, harness, saddlery, tanning, trunks, etc., income tax returns of cor-

porations engaged in manufacture of (see also Leather and its manufac-tures) 143

Government securities wholly and partially tax-exempt reported in indi-vidual income tax returns. (See Tax-exempt obligations.)

Gross corporation income. (See Corporation income.)Gross estate, estate tax returns:

Net estate classes i 50-53States, resident decedents 54-55Years, 1916 to 1932, resident and nonresident decedents 56

Gross profits other than tabulated as gross sales, corporation income taxreturns:


Gross sales, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

H

Hardware and tools, etc., income tax returns of corporations engaged inmanufacture of (see also Metal and its products) 144

Heads of families, classified, individual income tax returns:Number and net income 6? 65, 67

Holders and lessors of mining property, income tax returns of corporations(see also Mining and quarrying) 142

Holding companies, income tax returns of corporations (see also Finance)- 147Household machinery and equipment, income tax returns of corporations

engaged in manufacture of (see also Metal and its products) 144Husbands and wives, individual income tax returns of:

Number and net income 6, 65, 67

I

Income and profits taxes paid foreign countries:Corporation 26

Income, corporations. {See Corporation income.)


238 INDEX

Income, individuals. {See Individual income.) PageIncome, statement of corporations. {See Corporation income statement.)Income tax, corporation. {See Corporation income tax.)Income tax, individual. {See Individual income tax.)Income tax rates. {See Synopsis of income and profits tax rates.)Income tax returns. {See Corporation income tax returns; Individual in-

come tax returns.)Individual excess-profits tax 38Individual income:

Net:Average per return 4, 59Defined 2-3Exempt from normal tax 7Net income classes 5, 60Net income classes and by sex and family relationship 67-68Net income classes and by States 75-124Percentage distribution 11—12Sex and family relationship 65-68Simple and cumulative distribution, amounts and percentages, by

net income classes 5, 63States 59States and by sex and family relationship 65-66Years, 1913 to 1931, amount 37Years, 1916 to 1931, and by net income classes 39-40Years, 1921 to 1931, and by States 75-124

Nontaxable, under $10,000:Net income classes 60-61Net income classes and by States 75—124

Sources of:Amount and percent of total 9Frequency distribution, by size of specific source of income 13-14Net income classes 10—11, 71—72No net income, amount 19No net income, by deficit classes 125Percentage distribution 11-12States 69-70Years, 1916 to 1931 42-43Years, 1916 to 1931, net income of $5,000 and over 43-44

Total:Net income classes 10, 72Percentage distribution *_ 11States 70

Individual income tax {see also Individual excess-profits tax; Capital net-gain) :

Amount, average per return, and rate on net income 4, 59-60Amount, by States and percentages 59Average per return:

For 1931 and 1930 4Net income classes 60States 59Years, 1916 to 1931, and by net income classes 41

Comparison, 1931 and 1930 4Credits. {See Credits, individual income tax returns.)Earned net income 8-9Net income classes 6, 60-61Net income classes and by States 75-124Normal tax:

Net income classes 61Net income classes and by States 75-124Rates 200-201Years, 1913 to 1931 38

Simple and cumulative distribution, amounts and percentages, by netincome classes 64

States 59Surtax:

Net income classes 61Net income classes and by States 75-124


INDEX 239

Individual income tax—Continued.Surtax—Continued. Page

Rates 200-201Years, 1913 to 1931 38

Total:Net income classes 6, 60-61, 64Net income classes and by States 75-124States _" _ _ 59Years, 1913 to 1931 38Years, 1916 to 1931, and by net income classes 40-41Years, 1921 to 1931, and by States 75-124

Individual income tax returns (see also Individual income; Individualincome tax):

Changes in tax laws affecting comparability of statistical data 198-203Credits I ." 202Normal tax rates 198-199Personal exemption 198Requirements for filing returns 198Surtax rates 200-201

Comparison 1931 and 1930 returns 4-5Deductions in. (See Deductions.)Fiscal year returns tabulated 1-2Geographic distribution 4Method of compiling data, individual income tax returns with net

income under $5,000 2Net income classes and, under $10,000, by taxable and nontaxable

returns 60-61Net income classes, by States and, under $10,000, by taxable and

nontaxable returns 75-124No net income 18

Deficit classes 19Sources of income and deduction 125States 125

Number of:Frequency distribution, by size of specific source of income 13-14Net income classes 60No net income 125Sex and family relationship 6, 65-68Simple and cumulative distribution, percentages by net income

classes _____" 5-6, 62States 59, 75-124Taxable and nontaxable returns by years, 1916 to 1931 37Years, 1913 to 1931 _ _*_ 37

Percentage of population filing, by States 59Procedure in tabulation 2-3Sex and family relationship:

Amount and percent 6Net income classes and, under $10,000, by taxable and nontaxable

returns 67-68States 65-66

Simple and cumulative distribution, amount, and percent, by netincome classes 5-6, 62

Sources of income and deductions:Amount and percent of total 9Frequency distribution, by size of specific source of income 13-14Net income classes 10-11, 71-72No net income, amount 19No net income, by deficit classes 125Percentage distribution 11-12States 69-70Years, 1916 to 1931 42-43Years, 1916 to 1931, for net income of $5,000 and over 43-44

States 59,75-124Tax-exempt obligations 18Unaudited returns tabulated 2Years, by net income classes 38-39Years, 1913 to 1931, number, net income, and tax 37-38


240 INDEX

PageIndividuals required to file returns, 1913 to 1931. (See Synopsis of income

and profits taxes.)Industrial classification, corporation income tax returns defined 4Insurance—estate tax returns, by net estate classes 50-53Insurance companies, not agents (see also Finance):

Income tax returns of corporations 147Special deductions allowed 21

Interest other than tax-exempt, individual income tax returns:Amount and percent 9Net income classes 10No net income, by deficit classes 125Percentage distribution 11Years, 1919 to 1931 42-43Years, 1927 to 1931, net income of $5,000 and over 43-44

Interest and other income:Net income classes 72No net income 19States 70

Interest on Government obligations. (See Tax-exempt obligations.)Interest paid:

Corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Totai assets classes 154-159

Individual income tax returns:Net income classes 74Reported in general deductions and in business deductions 17States 73Years, 1927 to 1931 17

Interest received:Corporation income tax returns:


Individual income tax returns:Amount and percent 7, 10Net income classes 10, 18, 71No net income, amount 19No net income, deficit classes 125Percentage distribution 11States 69Years, 1927 to 1931 42-43Years, 1927 to 1931, net income $5,000 and over 43-44

Inventories, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Iron and steel, products of blast furnaces, rolling mills, etc., income taxreturns of corporations engaged in manufacture of (see also Metal and itsproducts) 144

J

Jewelry—Precious metal products and processes, income tax returns ofcorporations engaged in manufacture of (see also Metal and its products) _ 144

Joint returns of husbands and wives 6, 65, 67Joint stock land banks, income tax returns of corporations (see also

Finance) 147

K

Knit goods, hosiery, sweaters, etc., income tax returns of corporationsengaged in manufacture of (see also Textiles and their products) 143:


INDEX 2 4 1

LLeather and its manufactures:

Corporation income tax returns: P as e

Assets and liabilities, classified 149Compiled receipts and statutory deductions, classified 131,



Liabilities, in corporation balance sheets 28-32Industrial groups 148-153Industrial groups and total assets classes 160-177Revised items, Statistics of Income, 1927 32Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931___ 48

Life insurance companies, income tax returns of corporations:Special deductions allowed 21

Loan companies, etc., income tax returns of corprations (see alsoFinance) 147

Local transportation, cartage, storage, etc., income tax returns of cor-porations engaged in (see also Transportation and other public utilities) _ 145

Locomotives and railroad equipment, income tax returns of corporationsengaged in manufacture of (see also Metal and its products) 144

Loss from sale of real estate, stocks, bonds, etc., individual income taxreturns:

Amount and percent 9Defined 9Frequency distribution by size of specific income and deductions 14Net income classes 10No net income 19Percentage distribution 11States 70,72Tax credit 38, 61Years. 1920 to 1931 42-43Years, 1928 to 1931, net income of $5,000 and over 44

MManufacturing:

Corporation income tax returns:Assets and liabilities, classified 149-151Compiled receipts and statutory deductions, classified. 130-133, 149-151Consolidated returns 34Industrial subgroups 142-145Returns showing net income and no net income 21-23Total assets classes 161-171Years, 1920 to 1931 178-181


Manufacturing not elsewhere classified:Corporation income tax returns:

Assets and liabilities, classified 151Compiled receipts and statutory deductions, classified. 133, 137, 141, 151Consolidated returns 34Industrial subgroups 145Returns showing net income and no net income 21-23Total assets classes 171Years, 1920 to 1931 181


Men, individual income tax returns:Number and net income v 6, 65, 67


242 INDEX

PageMetal mining, copper, gold, iron, silver, etc., income tax returns of cor-

porations engaged in (see also Mining and quarrying) 142Metal and its products:

Corporation income tax returns:Assets and liabilities, classified 151Compiled receipts and statutory deductions, classified. 132, 136, 140, 151Consolidated returns 34Industrial subgroups 144-145Returns showing net income and no net income 21-23Total assets classes 170-171Years, 1920 to 1931 181


Mill products, bran, flour, etc., income tax returns of corporations engagedin manufacture of (see also Food products including beverages) 142

Mining and quarrying:Corporation income tax returns:

Assets and liabilities, classified 148Compiled receipts and statutory deductions, classified. 130, 134, 138, 148Consolidated returns 34Industrial subgroups 142Returns showing net income and no net income 21-23Total assets classes 161Years, 1920 to 1931 178


Miscellaneous deductions, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Miscellaneous receipts, corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Mortgages, in corporation balance sheets. (See Bonded debt and mort-gages.)

Mortgages, notes, and cash, estate tax returns, by net estate classes 50—53Motor vehicles, complete or parts, income tax returns of corporations en-

gaged in manufacture of (see also Metal and its products) 144Musical instruments, optical goods, etc., income tax returns of corpora-

tions engaged in manufacture of (see also Manufacturing not elsewhereclassified) 145

N

National banks, income tax returns of corporations 147Net income, corporation or individual. (See Corporation income; In-

dividual income.)Net loss from business and partnership, individual income tax returns:

Amount and percent 9Net income classes 10, 72No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 70Years, 1926, 1927, 1930, and 1931 43-44

Net loss for prior year:Corporation income tax returns:

Consolidated returns 34Defined 25Exempt from normal tax 25Fiscal year returns 36Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159Years, 1922-1931 25


INDEX 243

Net loss for prior year—Continued.Individual income tax returns: Page

Defined 8Net income classes 72States 70Years, 1922 to 1931 8

Net taxable estate, estate tax returns (see also Estate tax returns): *Defined 49Net estate classes 50-53States, resident decedents 54-55Years, 1916 to 1932, resident and nonresident ^_ 56

Normal income tax, individuals (see also Individual income tax)__ 38, 61, 75-124Notes and accounts payable, in corporation balance sheets:

Industrial groups 148-153Industrial groups and total assets classes 160—177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Notes and accounts receivable, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

O

Office equipment, etc., income tax returns of corporations engaged inmanufacture of (see also Metal and its products) 144

Oil and gas, income tax returns of corporations engaged in production of(see also Mining and quarrying) 142

P

Packing-house products, bacon, fresh meats, hams, etc., income tax re-turns of corporations engaged in manufacture of (see also Food products) _ 142

Paper, pulp, and products:Corporation income tax returns:

Assets and liabilities, classified 150Compiled receipts and statutory deductions 131, 135, 139, 150Consolidated returns 34Returns showing net income and no net income 21—23Total assets classes 167Years, 1920 to 1931 180


Part year returns, corporation income tax returns 36-37Partnership returns of income, number of, 1917 to 1931 20Partnership, individual income from:

Amount and percent 9Defined 9Net income classes 10, 71No net income, amount 19No net income, deficit classes 125Percentage distribution 11States 69Years, 1917 to 1931 42-43Years, 1917 to 1931, net income of $5,000 and over 43-44

Personal exemption, individual income tax returns:Amount and percent 7Net income classes, and under $10,000 by taxable and nontaxable

returns 60States 59

Petroleum and other mineral oil refining, income tax returns of corpora-tions engaged in (see also Chemicals and allied substances) 144

Power of appointment, estate tax returns, by net estate classes 50-53Precious metals, jewelry, products and processes, etc., income tax returns

of corporations engaged in manufacture of (see also Metal and itsproducts) 144


244 INDEX

Preferred stock, in corporation balance sheets: PageIndustrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Printing and publishing:Corporation income tax returns:


136, 140, 151Consolidated returns 34Returns showing net income and no net income 21-23Total assets classes 168Years, 1920 to 1931 180


Professional service, curative, educational, legal, etc., income tax returnsof corporations engaged in (see also Service) 147

Profit from sale of capital assets (real estate, stocks, bonds, etc.):Corporation income tax returns:


Individual income tax returns:Amount and percent 9Frequency distribution, by size of specific sources of income 14Net income classes 10, 71No net income, amount 19No net income, by deficit classes 125Percentage distribution 11States 69Years, 1917 to 1931 42-43Years, 1917 to 1931, net income of $5,000 and over 43-44

Property in estate tax returns of resident decedents by net estate classes,classified 50-53

Public utilities. (See Transportation and other public utilities.)

Q

Quarrying, income tax returns of corporations and individuals engaged in.(See Mining and quarrying.)

R

Radio broadcasting companies, income tax returns of corporations (see alsoTransportation and other public utilities) 146

Radios, complete or in parts, income tax returns of corporations engaged inmanufacture of (see also Manufacturing not elsewhere classified) 145

Rail transportation, income tax returns of corporations engaged in (see alsoTransportation and other public utilities) 145

Real estate, buildings and equipment. (See Capital assets.)Real estate and holding companies, etc., income tax returns of corporations

(see also Finance) 147Receipts, compiled, income tax returns of corporations. (See Corporation* compiled receipts.)Rents and royalties:

Corporation income tax returns:Industrial groups 130-141, 148-153Submitting and not submitting balance sheets 28Total assets classes 154-159

Individual income tax returns:Amount and percent 9Frequency distribution, by size of specific source of income 14Net income classes " 10, 71No net income, amount 19No net income by deficit classes 125Percentage distribution 11


INDEX 245

"Rents and royalties—Continued,Individual income tax returns—Continued. Page

States 69Years, 1916 to 1931 42-43Years, 1916 to 1931, net income of $5,000 and over 43-44

Restaurants, hotels, etc., income tax returns of corporations (see alsoService) 146

Retail trade, income tax returns of corporations engaged in {see also Trade) _ 146Returns tabulated, individual and corporation 1Returns on Form 1040, no net income:

By deficit classes 19By sources of income and deductions _ 19. 125States 125

Revenue Acts 1909 to 1932:Corporation income tax returns:

Income and profits tax rates, exemptions, and credits 204-207Extate tax returns:

Tax rates, specific exemption, :uid credits against estate tax__ 208-209Individual income tax returns:

Required to file returns, personal exemption, credit for depend-ents, and normal tax rates 198

Supplemental income tax rates and tax credits _ _ 202-203Surtax rates 200-201

Revised items, corporation income tax returns:Assets and liabilities, Statistics of Income for 1927 32Consolidated returns, Statistics of Income for 1930 33Receipts and deductions, Statistics of Income for 1930 32

Royalties. (See Rents and royaltiesJRubber products:


135, 139, 150Consolidated returns 34Industrial subgroups 143Returns showing net income and no net income 21-23Total assets classes 1 65-166Years, 1920 to 1931 179

Individual income tax returns:Net profit from business _ _ .. 15

Salaries and wages, individual income from. [See Wages and salaries.)Sales, gross. (See Gross sales.)Sale of real estate, stocks, bonds, etc. (See Profits from sale of real estate,

stocks, bonds, etc.)Sawmill and planing-mill products, income tax returns of corporations

engaged in manufacture of (see also Forest products) 143Securities, partially tax-exempt. (See Tax-exempt obligations.)Service:

Corporation income tax returns:Assets and liabilities, classified 153Compiled receipts and statutory deductions, classified. 133, 137, 141, 153Consolidated returns 34Industrial subgroups 146-147Returns showing net income and no net income 21-23Total assets classes __ 174-175Years, 1920 to 1931 182


Shipbuilding and repairing, income tax returns of corporations engaged in(see also Construction) 145

Silk and rayon goods, etc,—Income tax returns of corporations engaged inmanufacture of (see also Textiles and their products) 143

Soft drinks, mineral waters, wine, etc., income tax returns of corporations-engaged in manufacture of (see also Food products) 143


246 INDEX

Sources of income and deductions, individual income tax returns: PageAmount and percent 9Frequency distribution by size of specific income and deductions 13-14Net income classes 10-11, 71-72No net income, amount 19No net income, deficit classes 125Percentage distribution 11-12States 69-70Years, 1916 to 1931 42-43Years, 1916 to 1931, net income $5,000 and over 43-44

Specific exemption, estate tax returns, by net estate classes 50-53State and local securities, reported in individual income tax returns 18State and municipal bonds, estate tax returns, by net estate classes 50-53State and private banks, income tax returns of corporations (see also

Finance) 147Statutory deductions, corporation income tax returns. (See Corporation

statutory deductions.)Statutory net income, corporation income tax returns. (See Corporation

statutory net income.)Steam railroads, etc., income tax returns of corporations engaged in (see

also Transportation and other public utilities) 145Stock and bond brokers, income tax returns of corporations (see also

Finance) 147Stock dividends in corporation income tax returns. (See Dividends.)Stock dividends paid, in corporation balance sheets:

Industrial groups 130-141, 148-153Industrial groups and total assets classes 160-177States 129Submitting and not submitting balance sheets 28Total assets classes 154-159Years, 1922 to 1931 26

Stone, clay, and glass products:Corporation income tax returns:


136, 140, 151Consolidated returns 34Returns showing net income and no net income 21—23Total assets classes 169-170Years, 1920 to 1931 181


Sugar—cane, beet, maple, etc., income tax returns of corporations engagedin manufacture of (see also Food products) 142

Surplus and undivided profits, in corporation balance sheets:Industrial groups 148-153Industrial groups and total assets classes 160-177Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 . 48

Surtax, individual income tax (see also Individual income tax) 38, 61, 75-124Synopsis of income and profits tax rates, estate tax rates, credit and

exemptions affecting comparability of data in Statistics of Income.- 197-209

Taxes. (See Corporation income tax; Individual income tax; Estate tax;Foreign taxes.)

Taxes paid other than income tax:Corporation income tax returns:


Individual income tax returns:Amount reported in general deductions and in business deduc-

tions 16-17Net income classes 74States 73Years, 1927 to 1931 17


INDEX 247

Tax-exempt income (see also Dividends; Exemptions; Tax-exempt invest-ments) :

Corporation income tax returns: Pa£e


Individual income tax returns:Amount and percent 9Exempt from normal tax 7Net income classes 10, 18No net income 19, 125Percentage distribution 11States _ _ J 69,71Years, 1919 to 1931 42-43Years, 1919 to 1931, net income of $5,000 and over 43-44

Tax-exempt interest. (See Tax-exempt investments.)Tax-exempt investments:

Corporation income tax returns:Industrial groups 148-153Returns showing net income and no net income 30Total assets classes 154-159Years, 1926 to 1931 48

Estate tax returns, size of net estate 50-53Individual income tax returns:

Net income classes 18Tax forms for 1931 214-227Telephone and telegraph companies, income tax returns of corporations

(see also Transportation and other public utilities) 145Textiles and their products:




Theaters, legitimate, vaudeville, etc., income tax returns of corporations(see also Service) 146

Tires and tubes, etc., income tax returns of corporations engaged in themanufacture of (see also Rubber products) 143

Tobacco products, income tax returns of corporations engaged in themanufacture of 143

Trade:Corporation income tax returns:


137, 141, 153Consolidated returns 34Industrial subgroups 146Returns showing net income and no net income 21-23Total assets classes 173-174Years, 1922 to 1931 182


Transfers made in contemplation of death, estate tax returns, by net estateclasses 50-53

Transportation and other public utilities:Corporation income tax returns:

Assets and liabilities, classified 152Compiled receipts and statutory deductions 133, 137, 141, 152Consolidated returns 34Industrial subgroups 145


248 INDEX

Transpor ta t ion and other public uti l i t ies—Continued.Corporation income tax re turns—Cont inued. Page

Returns showing net income and no net income 21—23Total assets classes 173Years, 1922 to 1931 182


Trus t companies, savings banks, etc., income tax returns of corporations(see also Finance) 147

U

Undivided profits, corporation income tax returns. (See Surplus and un-divided profits.)

United States Government bonds, wholly and partially tax-exempt, re-ported in individual income tax re turns (see also Tax-exempt invest-ments and Tax-exempt income) 18

W

Wages and salaries, individual income tax returns:Amount and percent 9Frequency distribution, by size of specific source of income 13Net income classes 10, 71No net income, amount 19No net income, deficit classes 125Percentage distribution 11States 69Years, 1916 to 1931 42-43Years, 1916 to 1931, net income of $5,000 and over 43-44

War-profits tax. (See Corporation war-profits and excess-profits tax;Individual excess-profits tax; Partnership war-profits tax.)

Water transportation, income tax returns of corporations (see also Trans-portation and other public utilities) 145

Wholesale trade, income tax returns of corporations engaged in (see alsoTrade) 146

Wives and husbands, joint individual returns of. (See Husbands.)Wives, separate individual income tax returns of:

Number of returns and amount of net income 6, 65-68Woolen and worsted goods, income tax returns of corporations engaged in

manufacture of (see also Textiles and their products) 143

o
