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EPARTMENT

ERVICE

INTERNAL REVENU

STATISTICS OF COME
FOR 1950

PART 2

COMPILED FROM CORPORATION
INCOME TAX RETURNS AND
PERSONAL HOLDING COMPANY
RETURNS

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For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.

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DEPOSITED BY THE UNITED STATES OF AMERICA

8-3-54

LETTER OF TRANSMITTAL

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE, Washington, D. C., June 10, 195. SIR: In accordance with the provisions of section 63 of the Inte Revenue Code, requiring the publication annually of statistics respect to the operation of the Federal income, war-profits, and ex profits tax laws, I have the honor to transmit herewith a report titled "Statistics of Income for 1950, Part 2," presenting data rela to income, deductions, assets, liabilities, exemptions, credits, tax lia ity, and dividends paid, as reported on corporation income tax retu and personal holding company returns for 1950 filed during 19 There is also included a synopsis of corporation income and pro tax credits, rates, and other provisions of the Federal tax laws. Respectfully,

Hon. G. M. HUMPHREY,
Secretary of the Treasury.

T. COLEMAN ANDREWS, Commissioner of Internal Revenue

III

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