I. S. Administrative. upr.

U.S. TREASURY DEPARTMENT

INTERNAL REVENUE SERVICE

STATISTICS OF INCOME
FOR 1950

PART 1

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.

Price $1

LETTER OF TRANSMITTAL

TREASURY Department,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., July 30, 1954.

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 1950, Part 1," setting forth, by various classifications, data relative to income, deductions, exemptions, credits, tax liability, tax withheld on wages and other taxpayments, tax refunds, and other pertinent facts reported on individual income tax returns and on taxable fiduciary income tax returns for 1950, filed during 1951. This report also contains data from estate tax returns, filed during 1951, for estates of individuals irrespective of the date of death, and data from gift tax returns for 1950, filed during 1951.

Respectfully,

Hon. G. M. HUMPHREY,

T. COLEMAN ANDREWS, Commissioner of Internal Revenue.

Secretary of the Treasury.

III

Simple and cumulative distributions by adjusted gross income classes.

Sources of income and deductions...

12

12-13

Sources of income or loss comprising adjusted gross income..

13-15

Itemized deductions...

15-17

Net gain or loss from sales or exchanges of capital assets.

17-19

Medical and dental expenses---

19

Types of tax liability..

Returns with tax overpayment or with tax due.............

Taxpayments, tax overpayment, and tax due_-------

Marital status of taxpayer--

Data for States and Territories_

Description of the sample and limitations of data..........

TABLES FOR INDIVIDUAL RETURNS, 1950

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.

19-21

21

22-23

23

24

24-32

2. Income or loss from each of the sources comprising adjusted gross in-

come, adjusted gross income, itemized deductions, exemption, and

items of tax-by adjusted gross income classes...

3. Frequency distributions of returns for each specific source of income

or loss comprising adjusted gross income, for each itemized deduc-

tion, for each type of taxpayment, and for tax overpayment-by

adjusted gross income classes...

4. Frequency distributions of returns-by adjusted gross income classes

and by size of each specific source of income or loss comprising ad-

justed gross income..

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 effec-

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

liability....

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 1951 estimated tax-by adjusted gross income classes, by

returns with tax overpayment or returns with tax due, and by types

of taxpayment.......

8. Adjusted gross income, exemption, and tax liability—by adjusted gross

income classes and by marital status and sex of taxpayer..

9. 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 ex-

emptions other than age or blindness__

---

35-37

38-47

48-55

56-65

66-75

76-79

80-95

96-101

102-109

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

capital gain and 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..

110-116