Statistics Of Income For 1945 Vol 1

Excerpt from Statistics of Income for 1945, Vol. 1: Compiled From Individual Income Tax Returns, Taxable Fiduciary Income Tax Returns, and Gift Tax Returns Data from the taxable fiduciary returns, Form 1041, for 1945 are presented in the text and basic tables in the second section of this report. Data reported on the fiduciary returns differ In certain respects from that reported on individual returns, Form 1040; nevertheless, the former are classified and presented, insofar as possible, in a manner similar to that used for individual returns. N o composite data for the taxable fiduciary returns and individual returns are submitted. Four historical tables present a résumé of data reported on taxable fiduciary returns for 1937 through 1945. Information from gift tax returns, Form 709, regarding property transferred by gift during 1945 and the tax liability of the donor, Is tabulated In five tables; and the sixth presents a brief summary of gift tax data for each year since June 7, 1932, the effective date of the present period of gift taxation. No information forestate tax returns is included in this report; the estate tax returns, Form 706, filed during the calendar year 1946, not having been processed by the Statistical Division. Data for estate tax returns filed during 1947 will be included In the report for 1946. Facsimiles of the 1945 income tax returns, Forms 1040, W - 2, and 1041, as well as the partnership return of income, Form 1065, are inserted at the close of this report. Data reported on the partnership return of income for 1945 will be published in a supplemental report. In order to facilitate the comparison, from year to year, of the data. Assembled in the historical tables, there is included at the end of this report, a synopsis of Federal tax laws relating to income tax, and to gift tax, setting forth for each of the revenue acts important provisions affecting the comparability of these historical data. A preliminary report, containing selected data for 1945, was issued July 30, 1948, and a portion of the data in this report was made public in a press release dated June '17, 1949. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1949, Vol. 1: Compiled From Individual Income Tax Returns, Taxable Fiduciary Income, Tax Returns, Estate Tax Returns, and Gift Tax Returns In the second section of this report, data are presented for taxable fiduciary income tax returns, Form 1041, for 1949. The fiduciary return form varies in certain respects from the individual return form; nevertheless, the taxable fiduciary returns are classified and the data thereon presented, insofar as possible, in a manner Similar to that used for individual returns. No composite data are compiled for the taxable fiduciary returns and individual returns. Following the current year data for taxable fiduciary returns, four historical tables containing Significant data reported on such returns for 1937 through 1949 are presented. Information reported on estate tax returns, Form 706, filed during the calendar year 1950, irrespective of the date of death of the indi vidual or the revenue act under which the estate is taxed, is tabulated in the third section of this report. A brief summary of data reported on estate tax returns filed from September through 1945 and during 1947 through 1950 concludes this Section. Transfers of property by gift during 1949 and the tax liability of the donor, reported on gift tax returns, Form 709 are Shown In the fourth section of this report, together with a brief summary of gift tax data from returns filed since the effective date of the present period of gift taxation, June through 1949. In order to facilitate the comparison, from year to year, of data assembled In the historical tables, there IS included at the end of this report a synopsis of Federal tax laws relating to income tax, estate tax, and gift tax, setting forth for each revenue act important pro visions affecting the comparability of historical data. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1935, Vol. 1: Compiled From Individual Income Tax Returns, Estate Tax Returns and Gift Tax Returns Net income includes gains and losses from the sales of capital assets to the extent required or allowed under the Revenue Act of 1934. (see pp. 7 - 8 for a statement concerning treatment of net capital gains and losses.) Surtax net income represents the amount of net income less personal exemption and credit for dependents. The amount of net income subject to normal tax is determined by subtracting from the surtax net income the amounts of interest received on Govern ment obligations not wholly exempt from tax, dividends received, and earned income credit. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1940, Vol. 1: Compiled From Individual Income and Defense Tax Returns, Taxable Fiduciary Income and Defense, Tax Returns, Estate Tax Returns, and Gift Tax Returns Of the nontaxable returns, are individual returns with net income Of - nontaxable because exemptions and credits exceed net income; and are individual returns with no net income showing a deficit of - returns on which deductions equal or exceed total income. The normal tax and surtax liability of is reported on individual and fiduciary returns with net income. The alternative tax of is reported on returns with net income, Of which are individual returns and 760 are fiduciary returns, and on 46 individual returns with no net income owing to net long-term capital loss. The defense tax Of is reported on individual and fiduciary returns with net income. The average tax for all returns with net income is $102 and the effective tax rate percent; the average tax for taxable returns with net income is $199 and the effective tax rate percent. The increase in number Of returns, amounts of net income, deficit, and tax, for 1940 Over 1939, and percent of increase, is as follows. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1941, Vol. 1: Preliminary Report of Individual Income Tax Returns and Taxable Fiduciary Income Tax Returns Filed in January Through June 1942 The number of returns, amount of net income, deficit, and taxes, for 1941 and 1940, and the percent of increase or decrease, are Shown in the following table. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1934, Vol. 1: Compiled From Individual Income Tax Returns, Estate Tax Returns and Gift Tax Returns The statistics contained in this report are based on the taxpayers' returns as filed, unaudited except for a preliminary examination to insure proper execution Of the returns, and include the revised data reported in amended returns showing net income of and over, but do not include tentative returns or data shown in amended returns with net income under Income tax returns filed by individuals having net income of and over and individual returns of net income under filed on form 1040 which display income characteristics similar to those usually found in returns of net income of and over, such as varied or unusual sources of income or large total income, pass through the Statistical Section, and the data are tabulated from each of these returns. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1939, Vol. 1: Compiled From Individual Income Tax Returns, Fiduciary Income Tax Returns, Estate Tax Returns, and Gift Tax Returns Filing requirements Summary data Definitions and classifications: Gross estate_ Specific exemption and deduction for property previously taxed Net estate Tax and tax credits, Description Of estate tax tables Estate tax returns filed during 1940 for Citizens and resident aliens. Items of gross estate, deductions, net estate or no net estate, and tax. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Statistics of Income for 1952, Vol. 1: Individual and Fiduciary Income Tax Returns Statistical data presented in this report cover the income year 1952. The source documents are individual income tax returns, Form 1040 and Form 1040a, and fiduciary income tax returns, Form 1041, both taxable and non taxable. With the inclusion of the nontaxable fiduciary returns, the statistics for fiduciary returns embody comprehensive data for the income from estates and trusts. Income, deductions, exemptions, taxes, and other important in formation reported on these returns are presented by various classifications of taxpayers, size of income, tax status, and other relevant groupings. Gift tax returns filed for gifts made in 1952 and estate tax returns filed during 1953 were not processed by the Statistics Division; therefore no data for these re turns are included in this report. Under present plans, however, both gift tax returns and estate tax returns will be processed for next year's report. The first part of this report pertains to the individual income tax returns and contains data from Form 1040, whether short-form or long-form, and from the employee's Optional returns, Forms 104oa. Although Form 1040a differs from Form 1040, it is possible to integrate the data reported on the vari ous forms and no distinction is made in the tabulations. Current year data are presented in 13 basic tables; in addition, Significant historical series for 1944 and subsequent years are given in 6 tables. The second part of this report presents data reported on fiduciary income tax returns, Forms 1041. The current year statistics are tabulated in 8 basic tables and include data for both taxable and nontaxable fiduciary returns. This is the first year since 1939 that the nontaxable fiduciary returns have been processed by the Division. With the inclusion of the nontaxable returns, the data now show the entire income from estates and from property held in trust even though the trust income was distributable to beneficiaries to the extent that none was taxable to the fiduciary. Data characteristic of fiduciary re turns differ somewhat from those for individual returns; however, statistics from fiduciary returns are presented, so far as possible, in tables similar to those for individual returns, so that these data may be associated. Two historical tables, showing data for taxable fiduciary returns only, follow the current year tabulations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

A rapidly growing area of economic research investigates the top of the income distribution using data from income tax records. This volume brings together studies of top incomes for twelve countries from around the world, including China, India, Japan, Argentina and Indonesia. Together with the first volume, published in 2007, the studies cover twenty two countries. They have a long time span, the earliest data relating to 1875 (for Norway), allowing recent developments to be placed in historical perspective. The volume describes in detail the source data and the methods employed. It will be an invaluable reference source for researchers in the field. Individual country chapters deal with the specific nature of the data for each of the countries, and describe the long-term evolution of top income shares. In the countries as a whole, dramatic changes have taken place at the top of the income distribution. Over the first part of the century, top income shares fell markedly. This largely took the form of a reduction in capital incomes. The different authors examine the impact of the First and Second World Wars, contrasting countries that were and were not engaged. They consider the impact of depressions and banking crises, and pay particular attention to the impact of progressive taxation. In the last 30 years, the shares of top incomes have increased markedly in the US and other Anglo-Saxon countries, reflecting the increased dispersion of earnings. The volume includes statistics on the much-discussed top pay and bonuses, providing a global perspective that discusses important differences between countries such as the lesser increase in Continental Europe. This book, together with volume 1, documents this interesting development and explores the underlying causes. The findings are brought together in a final summary chapter by Atkinson, Piketty and Saez.