Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1955 |
From inside the book
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Page 5
... filed for the year 1951 is 55,447,009 , the greatest number filed for any year . There is an increase of 2,386,911 , or 4.5 per- cent , over the number of returns for 1950. The returns include 14,260,472 employee's optional returns ...
... filed for the year 1951 is 55,447,009 , the greatest number filed for any year . There is an increase of 2,386,911 , or 4.5 per- cent , over the number of returns for 1950. The returns include 14,260,472 employee's optional returns ...
Page 6
... filed to comply with the require- ments that a return be filed by every person whose gross income ( not adjusted gross income ) is $ 600 or more , or whose net earnings from self - employment are $ 400 or more , regardless of allowable ...
... filed to comply with the require- ments that a return be filed by every person whose gross income ( not adjusted gross income ) is $ 600 or more , or whose net earnings from self - employment are $ 400 or more , regardless of allowable ...
Page 9
... filed , except that for the District of Columbia , the segregation is determined from the address of the taxpayer . Collection districts , or groups of such districts , are coextensive with the States and Territories , except that the ...
... filed , except that for the District of Columbia , the segregation is determined from the address of the taxpayer . Collection districts , or groups of such districts , are coextensive with the States and Territories , except that the ...
Page 14
... filing , returns with tax overpayment , and returns with tax due at time of filing . The first two groups are ... filed , except that , in the case of the employee's optional return ( Form 1040A ) , the tax is determined by the ...
... filing , returns with tax overpayment , and returns with tax due at time of filing . The first two groups are ... filed , except that , in the case of the employee's optional return ( Form 1040A ) , the tax is determined by the ...
Page 15
... filed , but is rather a frequency of the income tax returns which show payments on 1951 declaration as a payment on the 1951 total tax liability ; such fre- quency is without regard to whether the payments are only a credit claimed on ...
... filed , but is rather a frequency of the income tax returns which show payments on 1951 declaration as a payment on the 1951 total tax liability ; such fre- quency is without regard to whether the payments are only a credit claimed on ...
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Common terms and phrases
adjusted gross deficit adjusted gross income allowed alternative tax capital assets computed depreciation dividends estate or trust estate tax excess exclusions expenses Explanation of Classifications Forms W-2 gain from sales gain or loss gains and losses gift tax gross estate gross income classes husband and wife included Income tax liability income tax returns individual returns interest Internal Revenue Internal Revenue Code itemized deductions joint return long-form long-term capital gain loss from sales Marital deduction net estate nonresident alien normal tax number of exemptions Number of returns partnership payments percent prior Rents and royalties reported RETURNS FOR 1951 returns Number returns with adjusted sale or exchange sales of capital self-employment tax separate returns Sole proprietorships spouse standard deduction surtax net income tabulated tax and surtax tax credits tax rate tax returns tax withheld Taxable and nontaxable taxpayer Thousand Thousand dollars Thousand Thousand Thousand tion total gifts Total receipts trade or business
Popular passages
Page 186 - As used in this subsection, the term "security" means any bond, debenture, note, or certificate or other evidence of indebtedness, issued by any corporation (Including...
Page 124 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 116 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 127 - ... nonbusiness debt becomes worthless within the taxable year, the loss resulting therefrom shall be considered a loss from the sale or exchange, during the taxable year, of a capital asset held for not more than 6 months. (2) Nonbusiness debt defined. For purposes of paragraph (1), the term "nonbusiness debt...
Page 176 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 16 - ... resulting from such distribution shall be considered as a gain from the sale or exchange of a capital asset held for not more than 6 months.
Page 176 - In the case of any trade or business which is carried on by an individual or by a partnership and in which, if such trade or business were carried on exclusively by employees, the major portion of the services would constitute agricultural labor...
Page 135 - ... (c) Short-Term Obligations Issued on Discount Basis. — In the case of any obligation of the United States or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue...
Page 143 - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year. Returns made on the basis of a fiscal year shall be made on or before the 15th day of the third month following the close of the fiscal year.
Page 82 - Georgia. 12. Idaho. 13. Illinois. 14. Indiana. 15. Iowa. 16. Kansas. 17. Kentucky. 18. Louisiana. 19. Maine. 20. Maryland. 21. Massachusetts. 22. Michigan. 23. Minnesota. 24. Mississippi. 25. Missouri. 26. Montana. 27. Nebraska. 28. Nevada. 29. New Hampshire.