STATISTICS OF INCOME Individual income from business groups

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STATISTICS OF INCOME Individual income from business groups

Transcript Of STATISTICS OF INCOME Individual income from business groups

1925

8

STATISTICS OF INCOME

Individual income from business—Number of returns and net profit by industrial groups, calendar year 1925

Industrial groups

Number

of businesses

Per cent

reported

Net profit from business

Per cent

Agirculture and related industries

^

Mining and quarrying

M anufacturing: Food products, beverages, and tobacco Textiles and textile products Leather and leather products Rubber and rubber goods Lumber and wood products Paper, pulp, and products Printing and publishing Chemicals and allied substances _ Stone, clay, and glass products Metal and metal products All other m anufacturing industries

_ _.

Total manufacturing

Construction Transportation and other public utilities Trade Public service—professional, amusements, hotels, etc Finance—banking, insurance, etc Special cases, business not sufficiently defined to be classed
with any other division

Grand total

82,968 4,604
19,392 11,901 3,547
610 3,089
531 9,345 1,425 2,732 12, 744 3,426 68, 742
60,436 26, 531 366,916 287, 553 37,784 43, 258
978, 792

8.48 $250,061,291 .47 25,432, 264

1.98 1.22 .36 .06 .32 .05 .95 .15 .28 1.30 .35 7.02
6.17 2.71 37.49 29.38 3.86 4.42
100.00

67,025,175 49, 520,152 10, 349, 681 2,062,510 14, 384,098 2, 314,043 35,406,484 8,462, 321 12, 512, 607 48, 630, 782 17,137, 284 267, 805,137
246,794,194 84,080,350 1, 217, 319,011 1, 223, 867,164 221, 566, 771
151,878,281
3,688, 804,463

6.78 .69
1.82 1.34 .28 .06 .39 .06 .96 .23 .34 1.32 .46 7.26
6.69 2.28 33.00 33.18 6.00 4.12
100.00

WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS
The following tabulation shows the aggregate wholly and partially tax-exempt securities owned and interest received therefrom, by nature of obligation, reported by individuals having net income of $5,000 and over. The amount owned and interest received are shown by income class distribution of the returns of net income in Table 18.
Tax-exempt obligations, showing amount owned and interest received by nature of obligation, calendar year 1925

Nature of obligation

Amount

Interest received

Wholly tax exempt:

Obligations of States and Territories or political subdivisions thereof..

Securities issued under the Federal farm loan act

_..

Liberty ZlA per cent bonds and obligations of the possessions of the

United States

$2,451, 818, 820 472, 367, 831 702,564,987

Total Partially tax exempt:
Liberty 4 and 4 ^ per cent bonds, Treasury bonds, Treasury certificates, Treasury notes, and Treasury (war-savings) certificates

3, 626,751,638 1,414, 412, 371

Grand total

...

5,041,164,009

$122,288,000 21,946,272 26,846,339 171,080,611
59,409,865 230,490,476

RETUENS BY COUNTIES AND CITIES
The number of returns of individuals filed for the calendar year 1925 by counties, cities, townships, and post offices is shown in basic Table 17. This tabulation does not represent an exact count of returns for each civil division, but is a very close approximation of

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1926

STATISTICS OF INCOME

9

INCOME FROM BUSINESS REPORTED BY INDIVIDUALS HAVING NET
INCOME FROM ALL SOURCES OF $5,000 AND OVER
The income derived from business other than from partnerships reported by individuals whose net income from all sources was $5,000 and over is shown according to the nature of the business in the following tables for 1926 and 1925. These data represent onlysuch amounts reported by individuals as were derived from business operations conducted as sole proprietors and do not necessarily indicate the principal occupation of, or the total income reported by, the person making the return.
The income from business on the returns showing net income of less than $5,000 is not given by industrial divisions for 1926, as the sample of the returns in this class previously referred to was not sufficiently comprehensive to determine the number of businesses in each industrial division.

Income from business, distributed by industrial divisions, showing number of businesses and net profits from business reported by individuals having net income from all sources of $5,000 and over

CALENDAR YEAR 1926

Industrial groups

Number of businesses reported

Per cent

Net profit from business

Per cent

Agriculture and related Industrie: Mining and quarrying

14, 707 1,546

6.77 $84, 435,186

.71

25, 785,109

Manufacturing: Food products, beverages, and tobacco. Textiles and textile products Leather and leather products Rubber and rubber goods Lumber and wood products Paper, pulp, and products Printing and publishing Chemicals and allied substances Stone, clay, and glass products Metal and metal products All other manufacturing industries

Total manufacturing-

Construction

Transportation and other public utilities-

Trade,.

Service—professional, amusements, hotels, etc

_

Finance—banking, insurance, real estate and stockbrokers,

etc

Business not sufficiently denned to be classed with any other

division

_

Grand total-

3,084 2, 853
311 118 872 167 2,009 513 658 2,177 1,274
14,036 i
13,209 | 3,680 I 56,316 79,948 j
I 13,615 j
21,031 |
218,148

1.41 1.31 .14 .05 .40 .08 .92 .24 .30 1.00 .58

24, 215, 522 28,193,132 3,199,146 1, 088, 583 8, 058, 536 1, 726, 240 16, 592, 500 5, 934,455 5, 918, 820 20, 251, 633 13,127, 399

6.43 128, 305, 966

6.05 1.69 25. 82 36.65
6.24
9.64
100. 00

115, 572, 437 26,122, 370 415,492,416
659, 552, 748
130, 672, 576
152, 584, 036 1, 738, 522, 844

1.39 1.62 .19 .06 .46 .10 .95 .34 .34 1.17 .76
7.38
6.65 1.50 23.90 37.93
7.52
100. 00

C A L E N D A R YEAR 1925

Agriculture and related industries.. Mining and quarrying Manufacturing:
Food products, beverages, and tobacco... Textiles and textile products. Leather and leather products Rubber and rubber goods Lumber and wood products.. Paper, pulp, and products Printing and publishing Chemicals and allied substances Stone, clay, and glass products Metal and metal products All other manufacturing industries
Total manufacturing.

14, 810 1,383
3,244 2,881
269 96
933 132 1,862 518 666 2, 366 1, 034
14, 001

7.27 .68
1.59 1.42 .13 .05 .46 .06 .92 .25 .33 1.16 .51
6.88

$84, 752,047 17, 716,133
25, 516, 472 28,137,971 2, 612, 982
974,116 8, 744,235 1, 439, 593 15, 542, 705 6, 012,064 6, 212,030 22, 590, 576 10, 566, 209
128, 348, 953

5.22 1.09
1.57 1.74 .16 .06 .54 .09 .96 .37 .38 1.39 .65
7.91

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1926

10

STATISTICS OF INCOME

Income from business, distributed by industrial divisions, showing number of businesses and net profits from business reported by individuals having net income from all sources of $5,000 and over—Continued
CALENDAR YEAR 1925—Continued

Industrial groups

Number
of busi-
nesses
reported

Per cent

Net profit from business

Per cent

Construction Transportation and other public utilities Trade Service—professional, amusements, hotels, etc. Finance—banking, insurance, real estate and stockbrokers,
etc _. Business not sufficiently defined to be classed with any other
division Grand total

13, 741 3,494 58, 935 72, 575
14, 945
9,692
203, 576

6.75 1.72 28.95 35.65 7.34 4.76 100.00

$119,490,715 24,901,370
445,010, 459 580,948,023
155,451,845
67, 018, 753
1, 623, 638, 298

7.36 1.53 27.41 35.78 9.57 4.13 100. 00

WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS (INDIVIDUAL RETURNS)
The following tabulation shows the wholly and partially taxexempt securities owned and interest received therefrom, by nature of obligation, reported by individuals having net income of $5,000 and over. The amount owned and interest received, by income class distribution, are shown in basic Table 8 (p. 92).
Tax-exempt obligations, showing amount owned and interest received, by nature of obligation, calendar year 1926

Nature of obligation

Amount

Interest received

Wholly tax-exempt obligations: Obligations of States and Territories or political subdivisions thereof Securities issued under the Federal farm loan act Liberty 3H per cent bonds and obligations of the possessions of the United States

Total wholly tax-exempt obligations _ Partially tax-exempt obligations:
Liberty 4 and 4 ^ per cent bonds, Treasury certificates of indebtedness, notes, and war-savings certificates

Grand total..

_

$2,793,496,116 $140,018,300 535,141,443 26,175,213
757,685, 408 29,298,087
4,086,322,967 195,491, 600

1, 510,402,661 5,596, 725,628

64, 788,345 260,279,945

RETURNS, BY COUNTIES AND CITIES (INDIVIDUAL RETURNS)
The number of returns of individuals filed for the calendar year 1926, by counties, cities, townships, and post offices, is shown in basic Table 11 (pp. 178-312). This tabulation does not represent an exact count of returns for each civil division, but is a very close approximation of the number of returns filed. The following method is used: Index cards of the returns of net income filed in each collection district are prepared in the offices of the collectors of internal revenue. These cards are arranged by counties and cities, and the number is calculated by measurement on the basis of a certain number of cards to the inch.

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1927

STATISTICS OF INCOME

11

INCOME FROM BUSINESS REPORTED BY INDIVIDUALS HAVING NET
U£- ,, INCOME FROM ALL SOURCES OF $5,000 AND OVER
The net profit from business other than from partnerships reported by individuals whose net income from all sources was $5,000 and over, is shown according to the nature of the business in the following table. These data represent only such amounts reported by individuals as were derived from business operations conducted as sole proprietors and do not necessarily indicate the principal occupation of or the total income reported by the person making the return.
The income from business on the returns showing net income of less than $5,000 is not given by industrial divisions, as the sample of the returns in this class previously referred to was considered as being not sufficiently comprehensive to determine the number of businesses in each industrial division.
The net profit from business as shown in these statistics means the total receipts from business or profession less cost of goods sold and other business deductions, such as salaries, interest on business indebtedness, taxes on business or business property, loss from fire or storm, bad debts arising from sales, depreciation, obsolescence, and depletion, rents, repairs, and other expenses, as provided for in Schedule A of the individual income tax return, Form 1040.

Income from business, distributed by industrial groups, showing number of businesses and net profit from business reported by individuals having net income from all sources of $5,000 and over, calendar year 1927; atso grand totals for 1926 and 1925

Industrial groups

i Number i i of busi- I
nesses j ; reported j

I Net profit r cent ; from busi-
! ness

Per cent

Agriculture and related industries. Mining and quarrying

-|-

16,297 | 7.6S i $103,212,791

6.06

1,160

.54

12,355,376

.73

Manufacturing:

Food products, beverages, and tobacco.

Textiles and textile products

_.

Leather and leather products

Rubber and related products.._

Lumber and wood products

Paper, pulp, and products

Printing and publishing.

Chemicals and allied substances

Stone, clay, and glass products

Metal and metal products

All other manufacturing industries

3,003

1.41 23, 958, 823

1.41

2,639 ' 1.24 25, 613, 419

1.50

227 ! .11

2, 662,126

.16

80 i .04

592, 662

.03

775 ] .36

7, 201,418

.42

157 |

.07

1, 678, 961

.10

2,003 I

.94 16,921,350

.99

390 !

. 18 4, 279,467

.25

587 i

5, 256, 715

.31

1,952 !

19, 424, 314

1.14

1,049 i

.49 | 11,273,574

.66

Total manufacturing

12,862 j 6.04 i 118,862,829

6.97

Construction Transportation and other public utilities.,

Trade

-

-

Service—professional, amusements, hotels, etc

Finance—banking, insurance, real estate, and stock-

brokers, etc

Business not sufficiently denned to be classed with any

other division

_

Grand total 1927_ Grand total 1926. Grand total 1925 _

12,304 3,116 53, 935
83, 471
12,866
16,908 212,919 218,148 203, 576

5.77 111,392,090 1.46 22,594,344 25.33 j 400,029,873 39. 20 \ 688, 881, 713

6.04 | 126,966,569

7.94 ! 119,879,682

100. 00

1, 704,175, 267 1, 738, 522, 844 1, 623, 638,298

6.54 1.33 23.47
40.42
7.45
7.03 100.00

37722—29 2

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