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Bernan 12.7 55 95675

LETTER OF TRANSMITTAL

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., February 15, 1955.

Sir: I have the honor to transmit herewith a report, "Statistics of Income for 1951, Part 1," prepared in accordance with the provisions of section 63 of the Internal Revenue Code of 1939 which requires annual preparation and publication of statistics reasonably available with respect to the operation of Federal income tax laws. This report presents by various classifications, statistical data relative to income, deductions, exemptions, tax liability, tax withheld on wages, tax paid on declaration, tax overpayment, and other pertinent facts reported on individual income tax returns, taxable fiduciary income tax returns, and gift tax returns, filed for the year 1951. In addition, there are presentations of significant historical data and a synopsis of recent tax rates, credits, and other provisions of Federal tax laws.

6. Adjusted gross income, exemption, taxes, average tax, and effective income tax

rate-by adjusted gross income classes and by types of tax.

Number of returns, amounts of overpayment, refund, credit, and tax due at time

of filing-by adjusted gross income classes and by taxpayment status_ - - -

8. Adjusted gross income, exemption, and tax-by adjusted gross income classes

and by marital status and sex of taxpayer.

9.

10.

11.

Total number of exemptions and number of exemptions for age and blindness-

by adjusted gross income classes and by marital status of taxpayer; also

frequency distribution of returns by number of exemptions other than age or

blindness....

Number of returns and surtax net income-by adjusted gross income classes and

by surtax net income brackets_

Net gain or loss from sales of capital assets, net short- and long-term capital

gain or loss, and capital loss carryover-by adjusted gross income classes and

by returns with net loss or with net gain from sales of capital assets__

12. Salaries, dividends, interest, adjusted gross income, and taxes-by States and

Territories__

55-57

58-60

61-63

64-69

70-75

76-79

80

Gifts by types of property, total gifts before and after exclusions, exclusions,

deductions, net gifts, and tax-taxable returns by net gift classes and non-

taxable returns in aggregate.--

148-149

2.

3.

Total gifts before and after exclusions, exclusions, deductions, net gifts and tax-

by taxable and nontaxable returns and by total gift plus gift tax classes. 150-151

Number of returns of identical donors, total gifts after exclusions, deductions,

net gifts, and tax-by taxable status_

4. Frequency distribution of taxable returns of identical donors who report taxable

gifts for prior years-by net gift classes and by net gift for prior years classes__

Number of returns, total gifts by type, net gifts, and gift tax, for 1944–51.......

5.

152

152

154