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STATISTICS OF INCOME. Distribution by sources of income and deductions, by income Continued. , calendar year 1920Income classes. $1,000 to $2,000 $2,000 to $3,000 $3,000 to $5,000 $5, 000 to $10,000 $10,000 t o $20,000 $20,000 to %40,000 $40,000 to $60,000 $60,000 to $80,000 $80,000 to $100,000 $100,000 to $150,000.... $150,000 to $200,000.... $200,000 to $250,000.... $250,000 to $300,000.... $300,000 to $500,000.... $500,000 to $1,000,000.. $1,000,000 to $1,500,000 $1,500,000 to $2,000,000 $2,000,000 and over .... Total Total income. 277,640,920 529,128,056 507,939,409 ,615,243,756 ,463,438,212 827,643,240 799,869,376 438,497,998 264,845,663 347,574,942 131,866,035 93,255,974 62.302,483 124,194,846 101,880,908 27,083,791 9,151,871 68,712,373 26,690,269,853 General deductions. $227,574,302 344,584,688 468,332,170 546,912,793 444,746,089 358,830,376 170,250,636 96,966,689 57,424,467 82,063,437 30,899,755 24,948,833 16,437,231 34,881,294 21,918,014 5,095,149 4,064,277 18,710,470 2,954,640,670 Per cent of total income in each class. I 5.32 5.28 8.50 15.13 18.05 19.63 21.28 22.11 21.68 23.61 23.43 26.75 26.38 28.09 21.51 18.81 44.41 27.23 11.07 Total net income. $4,050,066,618 6,184,543,368 5,039,607,239 3,068,330,963 2,018,692,123 1,468,812,864 629,618,740 341,531,309 207,421,196 265,511,505 100,966,280 68,307,141 45,865,252 89,313,552 79,962,894 21,988,642 5,087,594 50,001,903 23,735,629,183 Per cent of total income in each class. 94.68 94.72 91.50 84.87 81.95 80.37 78.72 77.89 78.32 76.39 76.57 73.25 73.62 71.91 78.49 81.19 55.59 72.77 88.93 The distribution of personal income by sources, expressed in percentages, is given in the succeeding table. Distribution of personal income, by sources and by income classes, showing the proportion from each source expressed in percentages, calendar year 1920. Income classes. Part- nership profits. 82.06 78.18 59.71 41.34 35.58 30.16 24. 58 21.41 18.72 15.04 13.13 10.23 10.38 8.25 5.54 10.22 .50 1.22 Profits from sales of real estate, stocks, and bonds. Rents and royal- ties. Divi- dends. Interest and invest- ment income. Total income. $1,000 to $2,000 $2,000 to $3,000 $3,000 to $5,000 $5,000 to $10,000 $10,000 to $20,000 $20,000 to $40,000 $40,000 t o $60,000 $60,000 to $80,000 $80,000 to $100,000 $100,000 to $150,000 $150,000 to $200,000 $200,000 to $250,000 $250,000 to $300,000 $300,000 to $500,000 $500,000 to $1,000 000... $1,000,000 to $1,500,000. $1,500,000 to $2,000,000.. $2,000,000 and over 0.96 1.39 4.80 7.89 7.12 4.89 3.67 3.21 2.76 2.37 2.34 2.49 .81 2.25 1.56 2.41 5.68 Total.. 6.37 3.23 3.22 4.49 5.09 4.36 4.06 3.83 3.44 3.46 3.73 4.02 2.11 4.46 2.34 3.81 .37 .44 3.06 3.93 1.27 1.49 4.00 10.65 19.39 27.67 33.70 36.74 37.74 41.19 42.18 50.21 43.79 49.32 55.26 54.64 87.29 75.48 10. 25 4.62 4.24 5.92 7.43 8.68 9.39 9.95 10.06 10.00 10.38 11.59 10.36 9.40 11.70 13.15 5.71 10.58 9.32 6.40 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1920

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STATISTICS OF INCOME.

Distribution by sources of income and deductions, by income

Continued., calendar year 1920—

Income classes.

$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000$5, 000 to $10,000$10,000 to $20,000$20,000 to %40,000$40,000 to $60,000$60,000 to $80,000$80,000 to $100,000$100,000 to $150,000....$150,000 to $200,000....$200,000 to $250,000....$250,000 to $300,000....$300,000 to $500,000....$500,000 to $1,000,000..$1,000,000 to $1,500,000$1,500,000 to $2,000,000$2,000,000 and over....

Total

Total income.

277,640,920529,128,056507,939,409

,615,243,756,463,438,212827,643,240799,869,376438,497,998264,845,663347,574,942131,866,03593,255,97462.302,483124,194,846101,880,90827,083,7919,151,87168,712,373

26,690,269,853

Generaldeductions.

$227,574,302344,584,688468,332,170546,912,793444,746,089358,830,376170,250,63696,966,68957,424,46782,063,43730,899,75524,948,83316,437,23134,881,29421,918,0145,095,1494,064,27718,710,470

2,954,640,670

Per centof totalincomein eachclass.

I

5.325.288.50

15.1318.0519.6321.2822.1121.6823.6123.4326.7526.3828.0921.5118.8144.4127.23

11.07

Totalnet income.

$4,050,066,6186,184,543,3685,039,607,2393,068,330,9632,018,692,1231,468,812,864629,618,740341,531,309207,421,196265,511,505100,966,28068,307,14145,865,25289,313,55279,962,89421,988,6425,087,59450,001,903

23,735,629,183

Per centof totalincomein eachclass.

94.6894.7291.5084.8781.9580.3778.7277.8978.3276.3976.5773.2573.6271.9178.4981.1955.5972.77

88.93

The distribution of personal income by sources, expressed inpercentages, is given in the succeeding table.

Distribution of personal income, by sources and by income classes, showing the proportionfrom each source expressed in percentages, calendar year 1920.

Income classes.Part-

nershipprofits.

82.0678.1859.7141.3435.5830.1624. 5821.4118.7215.0413.1310.2310.388.255.54

10.22.50

1.22

Profitsfrom

sales ofreal

estate,stocks,

andbonds.

Rentsand

royal-ties.

Divi-dends.

Interestand

invest-ment

income.

Totalincome.

$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000$5,000 to $10,000$10,000 to $20,000$20,000 to $40,000$40,000 to $60,000$60,000 to $80,000$80,000 to $100,000$100,000 to $150,000$150,000 to $200,000$200,000 to $250,000$250,000 to $300,000$300,000 to $500,000$500,000 to $1,000 000...$1,000,000 to $1,500,000.$1,500,000 to $2,000,000..$2,000,000 and over

0.961.394.807.897.124.893.673.212.762.372.342.49.812.251.562.41

5.68

Total.. 6.37

3.233.224.495.094.364.063.833.443.463.734.022.114.462.343.81.37.44

3.06

3.93

1.271.494.0010.6519.3927.6733.7036.7437.7441.1942.1850.2143.7949.3255.2654.6487.2975.48

10. 25

4.624.245.927.438.689.399.9510.0610.0010.3811.5910.369.4011.7013.155.7110.589.32

6.40

100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00

100.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1920

8 STATISTICS OF INCOME.

Distribution of personal income, by sources and income classes, calendar year 1921—*Continued.

Income classes.

Under $1,000 ,$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000$5,000 to $10,000$10,000 to $20,000$20,000 to $40,000$40,000 to $60,000$60,000 to $80,000$80,000 to $100,000$100,000 to $150,000$150,000 to $200,000$200,000 to $250.000$250,000 to $300,000$300,000 to $500.000$500,000 to $1,000.000....$1,000,000 to $1,500,000..$1,500,000 to $2,000,000.,$2,000,000 and over

Total.

Rents androyalties.

$116,652,120151,391,796240,115,413248,866,148171,850,952107,953,73870,605,21425,446,55813,260, 5277,496,6768,257,0464,936,1662,013,963

464,1462,268,2174,356,613

1,233

2,021,356

1,177,957,882

Dividends.

$168,395,62166,325,05897,084,540

230,009,270349,231,315407,565,766409,556,238208,162,957129,500, 74778,235,249

100,568,99749,960,27231,898,61215,219,64355,429,20431,353,9869,956,287

38,498,637

2,476,952,399

Interest andinvestment

income.

$137,227,982187,355,502271,229,250321,548,396246,391,101195,199,049150,913,11963,567,02234,945,23318,459,46323,791,00910,091, 5076,715, 8412,772,307

10,400,6715,161,187

587,090

3,983,166

1,690,338,895

Total income.

$937,234,4683,989,492,1135,849,912,6154,637,507,8222,860,658,2531,934,652,4241,402,506,748577,268,886325,103,308188,628,183220,714,510102,868,52361,372,88229,705,64691,905,11057,056,51714,946,573

47,247,351

23,328,781,932

The distribution of personal income by sources, expressed in per-centages, is given in the succeeding table:

Distribution of personal income, by sources and by income classes, showing the proportionfrom each source expressed in percentages, calendar year 1921.

Income classes.Wagesand

salaries.

Under $1,000$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000$5,000 to $10,000$10,000 to $20,000$20,000 to $40,000$40,000 to $60,000$60,000 to $80,000$80,000 to $100,000$100,000 to $150,000$150,000 to $200,000$200,000 to $250,000$250,000 to $300,000$300,000 to $500,000$500,000 to $1.000,000$1,000,000 to $1,500,000$1,500,000 to $2,000,000$2,000,000 and over

Total

34.2881.3277.8861.6546.9333.2230.8324.5521.2819.5915.8712.7113.0910.106.123.282.36

5.04

59.21

Busi-ness.

12.696.398.63

14.4714.0610.538.206.645.365.545.293.714.548.083.367.456.86

10.14

Part-ner-

ships,fiduci-aries,etc.

3.841.612.254.448.59

10.9212.7714.3716.3817.6517.1118.7015.4017.8714.6816.8219.79

Profitsfrom

sales ofreal

estate,stocks

andbonds.

.16

5.75

4.13.53.82

2.173.593 593.* 212.972.321.981.641.71.78

1.831.74.82.44

.62

Rents,and

royal-ties.

12.453.794.115.376.015.585.034.414.083.973.744.803.281.562.477.63.01

4.28

5.05

Divi-dends.

17.971.661.674.96

12.2121.0729.2036.0539.8341.4845.5748.5751.9751.2360.3154.9666.61

81.47

10.62

Inter-estand

invest-mentin-

come.

14.644.704.646.948.61

10.0910.7611.0110.759.79

10.789.80

10.949.33

11.329.043.93

8.43

7.25

Totalin-

comer

100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00

100.00

100.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1921

10 STATISTICS OF INCOME

The distribution of personal income by sources, expressed in per-centages, is given in the succeeding table:

Distribution of personal income, by sources and by income classes, showing the pro-portion from each source expressed in percentages, calendar year 1922

Income classes

Under $1,000$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000 .$5,000 to $10,000$10,000 to $25,000$25,000 to $50,000$50,000 to $100,000$100,000 to $150,000$150,000 to $300,000$300,000 to $500,000$500,000 to $1,000,000...$1,000,000 and over

Total

Wagesandsala-ries

36.8179.5474.8859.8043.9733.9125.3018.7914.159.486.163.422.95

55.06

Busi-ness

18.287.54

10.0316.0215.8011.138.446.204.573.542.871.941.48

11.42

Part-ner-

ships

3.422.082.694.847.909.90

11.2112.3213.5713.4212. 566.694.23

5.74

Profitsfrom

sales ofreal

estate,stocks

andbonds

4.15.72

1.122.504,796. 286.234.363.814.383.222.482.51

2.98

Capi-tal netgainfrom

sale ofassetsheldfor

morethantwo

years

1.135.297. 91

12. SI17.5525.9932.60

1.00

Rentsand

royal-ties

10.983.774.335.146.175.654.543.764.053.152.222.323.04

4.92

Inter-est andinvest-ment

in-come

11.644.564.826.728.499.71

10.039.709.108.516.598.094.32

6.99

Inter-est onGov-ern-

mentobliga-tionsnot

wholly

emptfromtax

0.21.05.05.02.22.34.42.44.39.38.56.30.53

.14

Divi-dends

13.491.481.784.46

11.3920.9430.1136.2539.1940.6045.4145.1346.99

10.71

Fidu-ciary

1.02.26.30.50

1.272.142.592 893.263.732.863.641.30

1.04

Totalin-

come

100.00100.00100.00100.00100 00100.00100.00100.00100.00100.00100.00100.00100.00

100.00

INCOME FROM BUSINESS (PERSONAL RETURNS)

The income reported by individuals as having been derived frombusiness, other than from partnerships, is shown according to indus-trial divisions in the following table. These data represent only suchamounts reported by individuals as were derived from businessoperations conducted as sole proprietors and do not necessarilyindicate the principal occupations of, or the total income reported by,the persons making the returns.

Income reported from business pursuits, personal returns, calendar year 1922

Industrial groups

Agriculture and related industries.Mining and quarryingManufacturing:

Food products, beverages, and tobacco..Textiles and textile productsLeather and leather products _.Rubber and rubber goodsLumber and wood productsPaper, pulp, and productsPrinting and publishingChemicals and allied substancesStone, clay, and glass productsMetal and metal productsAll other manufacturing industries

Total manufacturing.ConstructionTransportation and other public utilitiesTradePublic service, professional, amusements, hotels, etcFinance, banking, insurance, etcSpecial cases, business not sufficiently defined to be

classed with any other division _.Grand total _

Numberof busi-nesses

reported

104, 8343,006

14,41911, 0223,628

4282,441

2957,4631,0252,2088,6827,902

59,513

39, 54315, 776

297,133263, 59232, 745

90, 206

906, 348

Per cent

11. 57.33

1.591.22.40.05.27.04.82.11.24.96.87

6.57

4.371.74

32.7829.083.61

9.95

100. 00

Net income

$231, 289, 99815,932,045

50, 247, 51538,114, 3689,735, 5141,688, 845

13, 550, 6491,695,754

28,414, 6086, 773,896

10,051,86429,046,82831,064, 881

220,384, 722

146, 265, 96745,991,802

891,372,487911,624,977129, 520,971

247,388,175

2,839, 771,144

Per cent

8.15.56

1.771.35.34.06.48.06

1.00.24.35

1.021.09

7.76

5.151.62

31. 3£32.104.56

8.71

100.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1922

STATISTICS OF INCOME 9

The distribution of personal income by sources, expressed in per-centages, is given in the succeeding table:

Distribution of personal income, by sources and by income classes, showing the pro-portion from each source expressed in percentages, calendar year 1923

Income classes

U n d e r $1,000$1,000 to $2,000$2,000 to $3,000$3,000 to $5,000$5,000 to $10,000$10,000 to $25,000$25,000 to $50,000$50,000 to $100,000$100,000 to $150,000$150,000 to $300,000$300,000 to $500,000$500,000 to $1,000,000...$1,000,000 and over

Total

Wagesandsala-ries

37 4968.2963 9845. 9744.3034. 2725 1618.8114.0910. 498.145.432.47

48.53

Busi-ness

23.1313.6216. 5524.1215. 5211. 198.40f>. ] 23. 763.242.802. 461.78

16.14

Part-

ships

3.442.373.075.618. 189.72

10 9210. 6911. 049.136.494.33

.62

5.74

Profitsfromsales

of realestate,stocks

andbonds1

2 13

1.833.084.536.095 183. 072.121. 651.121.39.19

2.96

Capi-tal netgamfrom

sale ofassetsheldfor

morethantwo

years

1 376. 10

10. 0815. 6621.8423.9140.51

1.04

Rentsand

royal-ties

15.100.226.367.036.155.214 743. 733. 842.842.503.18.43

6.20

Inter-1 est, and

in-vest-ment

m-co.uc

12 166.255 657.828.469.149 313 SO8.007.917.116.434.93

7.45

Inter-est onGov-ern-mentobli-

gationsnot

whollvexemptfromtax

0 22.0504

. 10

. 17294447

.37

.44

.54

.46

.33

.15

Divi-dends

5 671.972 155.61

10.8721.6231 9439.3444.0645.3246.0347.9047.71

10. 66

Fidu-ciary

0 66.3937

.661.822 472 542 872.648.323. 434.511.03

1.13

Total

come

100 00100. 00100 00100 00100. 00100 00100 00100 00100. 00100. 00100. 00100. 00100. 00

100. 00

1 Other than capital net gain from sale of assets held for more than two years.

INCOME FROM BUSINESS (PERSONAL RETURNS)

The income reported by individuals as having been derived frombusiness, other than from partnerships, is shown according to indus-trial divisions in the following table. These data represent only suchamounts reported by individuals as were derived from business opera-tions conducted as sole proprietors and do not necessarily indicate theprincipal occupations of, or the total income reported by, the personsmaking the returns.

Income reported from business pursuits, personal returns, calendar year 1923

Industrial groups

Agriculture and related industries..Mining and quarrying

Manufacturing:Food products, beverages, and tobacco..Textiles and textile productsLeather and leather productsKubber and rubber goodsLumber and wood products.Paper, pulp, and productsPrinting and publishingChemicals and allied substancesStone, clay, and glass productsMetal and metal productsAll other manufacturing industries

Total manufacturing

ConstructionTransportation and other public utilities..Trade-Public service—Professional, amusements, hotels, etc..Finance, banking, insurance, etcSpecial cases, business not sufficiently defined to be

classed with any other divisionGrand total

Number ofbusinessesreported

185, 4465,859

33,06622, 2177,875

7335,669

52316,1872,4433,571

17, 36820,115

129, 767

90, 67735,150

647,569481, 77954, 771

115,126

1, 746,144

Per cent

10.62.34

1.891.27.45.04.33.03.93.14.21.99

1.15

7.43

5.192.01

37.0927. 593.14

6.59

100. 00

Net income

$356, 692, 51818, 330, 506

86, 715, 70964, 095,48316,147,233

1,333, 20320, 999, 643

2,633,57147, 754, 22310, 474,14114, 341,95545,116, 08556,940, 25S

366,5 1,514

267,049,80881,867,902

1,617,969,2301, 530,651,936

196,827, 833

297, 092,160

4, 733, 033,407

Per cent

7.53.39

1.831.35.34.03.45.06

1.01.22.30.95

1.20

7.74

5.651.73

34.1832. 344.16

6.28

100.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1923