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INTERNAL REVENUE SERVICE
STATISTICS OF INCOME FOR 1948
COMPILED FROM INDIVIDUAL INCOME TAX RETURNS, TAXABLE FIDUCIARY INCOME TAX RETURNS, ESTATE TAX RETURNS, AND GIFT TAX RETURNS
For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D, C.
LETTER OF TRANSMITTAL
Washington, D. C., September 25, 1953. 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 1948, Part 1,” setting forth by various classifications, data relative to income, deductions, exemptions, credits, tax liability, tax withheld op wages and other tax payments, tax refunds, and other pertinent facts reported on individual income tax returns and on taxable fiduciary income tax returns for 1948, filed during 1949. This report also contains data from estate tax returns, filed during 1949, for estates of individuals irrespective of the date of death, and data from gift tax returns for 1948, filed during 1949. 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. Hop. G. M. HUMPHREY,
Secretary of the Treasury.
Changes in the Internal Revenue Code ---
Classification of individual returns.
Simple and cumulative distributions by adjusted gross income classes.
Sources of income and deductions...
Sources of income or loss comprising adjusted gross income.
Net gain or loss from sales or exchanges of capital assets..
Taxpayments and tax overpayment.-
Marital status of taxpayer..--
Data for States and Territories...
Income tax liability compared with tax collections.
Description of the sample and limitations of data.
Individual and fiduciary returns..
Partnership returns, number filed..
1. Simple and cumulative distributions of number of returns, adjusted
gross income, and tax liability, with corresponding percentage dis-
tributions-by adjusted gross income classes.--
2. Income or loss from each of the sources comprising adjusted gross
income, adjusted gross income, itemized deductions, exemption, and
items of tax-by adjusted gross income classes and by returns with
standard deduction or with itemized deductions.-
3. Frequency distributions of returns for each specific source of income or
loss comprising adjusted gross income, for each itemized deduction,
for each type of taxpayment, and for tax overpayment-by ad-
justed gross income classes and by returns with standard deduction
4. Frequency distributions of returns—by adjusted gross income classes
and by size of each specific source of income or loss comprising
5. Frequency distribution of returns with itemized deductions—by ad-
justed gross income classes and by net income classes...
6. Adjusted gross income, exemption, tax liability, average tax, and
effective tax rate by adjusted gross income classes and by types of
7. Number of returns, applicable items of income, tax liability, tax with-
held, payments on declaration, tax due at time of filing, refund, and
credit on 1949 tax-by adjusted gross income classes, by returns
with tax overpayment or returns with tax due, and by types of