! BUREAU OF INTERNAL REVENUE STATISTICS OF INCOME PART 1 COMPILED, FROM INDIVIDUAL INCOME TAX For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. ASI DOCUMENTS LETTER OF TRANSMITTAL TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C., March 6, 1951. SIR: In accordance with the provisions of section 63 of the Internal Revenue Code, requiring the annual preparation and publication of statistics with respect to the operation of the Federal income tax laws, I have the honor to transmit herewith a report, "Statistics of Income for 1946, Part 1," setting forth by various classifications, data relative to the income, deductions, exemptions, credits, tax liability, tax withheld on wages and other tax payments, tax refunds, and other pertinent facts reported on the individual income tax returns and on taxable fiduciary income tax returns for 1946, filed during 1947. This report also contains tabulations of data from the Federal estate tax returns filed during 1947, for the estates of individuals, irrespective of the date of death, and data from the gift tax returns for 1946, filed in 1947. In addition, there are historical presentations of significant data, published in previous reports and a synopsis of tax rates, credits, and other provisions of the Federal tax laws which affect the comparability of historical data. Respectfully, T. COLEMAN ANDREWS, Commissioner of Internal Revenue. Hon. G. M. HUMPHREY, III |