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The statistics for the mining, construction, manufacturing, and transportation and public utilities industries presented by size of business receipts in Table 7 on pages 77 and 78 %ere erroneously presented under incorrect industry headings.
U.S. Treasury Department I IMNAL REVENUE SERVICE
May 1980 CHANGE SHEEr 9rATISrICS OF INCOME ... 1975
CORPORATION INCOM TAX RETURNS WITH ACCOUNTING PERIODS ENDED July 1975 - June 1976 Publication No.16
(2-80)
The following corrections should be applied: Page 77
Replace the heading "Mining" with the heading "Manufacturing." Replace the heading "Construction" with the heading "Transportation and Public Utilities." Page 78 Replace the heading "Manufacturing" with the heading "Mining." Replace the heading Eition and Public Utilities" with the heading "Construction. 11
Department of the Treasury Internal Revenue Service Jerome Kurtz Commissioner William E. Williams Deputy Commissioner Russell E. Dyke Assistant Commissioner (Planning and Research)
Statistics Division Howie Wilson Acting Director Bennett R. Moss Acting Assistant Director Ronnie C. Hamilton Acting Chief, Planning and Review Staff Robert A. Wilson Chief, Statistics of Income Branch I John P. Hiniker Chief, Projections and Special Studies Branch Raymond C. Sansing Chief, Mathematical Statistics Branch Thomas M. Durkin Chief, Operations Branch
This report was prepared in the Statistics of Income Branch by the Corporation Statistics Section under the direction of Joel R. Stubbs.
Suggested Citation Internal Revenue Service Statistics of Income-1 975 Corporation Income Tax Returns U.S. Government Printing Office, Washington, D.C. 1979
Statistics of Income 1975
Corporation Income Tax Returns Publication 16 (2-80) This report contains data by industry on assets, liabilities, receipts, deductions, net income, income subject to tax, credits, distributions to stockholders, additional tax for tax preferences, and book net income. Data are also classified by size of total assets, income taxed at normal tax and surtax rates, income tax and size of business receipts. Other classifications include accounting period, returns with net income, Domestic International Sales Corporation (DISC) returns, and Small Business Corporations taxed through stockholders. Statistics of income publications are for
Stock No. 048-004-01716-4
sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402
Library of Congress Card No. 61-37568
Other Recent Publications for Sale
Publications in Preparation
Business Income Tax Returns, 1976 (454 pp., $8.00) Business Income Tax Returns, 1977, Preliminary (60 pp., $2.50) Corporation Income Tax Returns, 1976, Preliminary (26 pp., $1.75) Estate Tax Returns, 1976 (64 pp., $3.25) Fiduciary Income Tax Returns, 1974 (98 pp., $2.75) Individual Income Tax Returns, 1977, Preliminary (47 pp., $2.25) Individual Income Tax Returns, 1976 (269 pp., $6.00) International Income and Taxes, Foreign Tax Credit on Corporation Returns, 1968-1972 (1 84 pp., $3.75) International Income and Taxes, Domestic International Sales Corporation Returns, 1972-1974 International Income and Taxes, Foreign Tax Credit Claimed on Corporation Returns, 1974 International Income and Taxes, U.S. Corporations and Their Controlled Foreign Corporations, 1968 and 1972 Personal Wealth Estimated from Estate Tax Returns, 1972 (63 pp., $1.75) Sales of Capital Assets Reported on Income Tax Returns, 1973 Small Area Data from Individual Income Tax Returns, 1974 (447 pp., $6.00)
Business Income Tax Returns, 1977 Business Income Tax Returns, 1978, Preliminary Corporation Income Tax Returns, 1976 Corporation Income Tax Returns, 1977, Preliminary Individual Income Tax Returns, 1977 Individual Income Tax Returns, 1978, Preliminary Individual Retirement Arrangements, 1976 International Income and Taxes, Foreign Income and Taxes on Individual Income Ta) Returns, 1975 Private Foundations Exempt from Income Tax, 1974 Small Area Data from Individual Income Tax Returns, 1976
COMMISSIONER OF INTERNAL REVENUE Washington, DC 20224 February 12, 1980
The Honorable G. William Miller Secretary of the Treasury Washington, DC 20220
Dear Mr. Secretary:
As required by section 6108 of the Internal Revenue Code, we have prepared for publication the complete report, Statistics of Income-1975, Corporation Income Tax Returns. The data in this report are eHirmtes derived from a sample of unaudited corporation income tax returns selected from over 2 million corporation returns with accounting periods ended July 1975 through June 1976. The report presents information on receipts, deductions, income, income tax liability, tax credits, and distributions stockholders. Statistics are also provided on the corporate base and on the computation of income tax and additional tax preferences ("minimum tax").
net to tax for tax
Data are classified by industry, size of botal assets, business receipts, net income, and income tax. Separate statistics are included for returns with net income, Small Business Corporations electing to be taxed through their stockholders, and Domestic International Sales Corporations (DISC's). Additional information about DISC's will be published separately, With kind regards,
Department of the Treasury
internal Revenue Service
Contents
Guide to tables, V Section 1 Corporation Income Tax Returns, 1975, 1 Return Coverage, 1 Activities Covered, 1 Time Period Covered, 1 Summary of Corporate Activity, 3 Changes in Law, 3 Extension of Change in Tax Rates, 3 Depletion Rates, 3 Domestic International Sales Corporations, 5 Deduction for Contributions to Employee Plans, 5 Foreign Tax Credit, 7, Investment Credit, 7 Work Incentive (WIN) Credit, 8 Section 2 Tables for 1975, 11
Section 3 Explanation of Terms, 149 Section 4 Description of the Sample and Limitations of the Data, 177 Sample Criteria and Selection of Returns, 177 Method of Estimation, 179 Sampling Variability, 179 Section 5 Forms and Instructions, 1975, 181 Section 6 Index, 231
Guide to Tables by Subject, 1975
INDUSTRY MEASUREMENT Minor industry; receipts, net income, total assets and related items (Table 1), 13 Major industry; balance sheets and income statements (Table 2, 3), 22, 30 Major industry and size of total assets; selected balance sheet and income statement items (Table 6), 42 Major industry; book net income or deficit (Table 8), 81 Major industry; beginning and ending inventories (Table 9), 86 Major industry; tax items (Table 10), go Major industry; investment credit items (Table 16), 118 Major industry; depreciation (CLADR) system (Table 22), 134 Major industry; Foreign tax credit (Table 28), 144 Industrial division and size of business receipts; selected balance sheet and income statement items (Table 7), 76 Industrial division; size of total assets and number of stockholders; selected items from Small Business Corporation returns (Table 19), 127 Industrial division; balance sheets and income statements of consolidated returns (Table 24), 137 Industrial division; Pension plans (Table 26), 14o Selected industries; balance sheets and income statements of Domestic International Sales Corporation Returns (Table 20), 130
SIZE CLASSIFICATIONS
Total assets (Tables 4-6, 18, 19, 23, 25 , 27), 38, 40, 42, 126, 127, 136, 138, 142 Business receipts (Table 7), 76 Income taxed at normal tax and surtax rates or deficit (Table 12), 107 Income tax before credits (Table 13), 112 Income tax after credits (Table 14), 114 Investment credit (Table 15), 116
RETURNS WITH NET INCOME Major industry; balance sheets and income statements (Table 3), 30 Size of total assets; balance sheets and income statements (Table 5), 40 Major industry; tax items (Table 10), go Size of income taxed at normal tax and surtax rates or size of deficit (Table 12), 107 Size of income tax before credit (Table 13), 112 Size of income tax after credit (Table 14), 114 By accounting period (Table 11), 106
SMALL BUSINESS CORPORATION RETURNS Size of total assets (Table 18), 126 Industrial division (Table 17), 125 Industrial division size of total assets and number of stockholders (Table 19), 127
ACCOUNTING PERIOD Income, special deductions, and tax items (Table 11), 106
CONSOLIDATED RETURNS Industrial division (Table 24), Size of total assets (Table 25), 138
INVENTORIES Major industry (Table 9),
86
BOOK NET INCOME OR DEFICIT Major industry (Table 8), 81 TAX COMPUTATION ITEMS Major industry (Table 10), 90 Size of income taxed at normal tax and surtax rates or size of deficit; Alternative and regular tax (Table 12), 107 Size of tax before credit (Table 13), 112 .Size of tax after credit (Table 14), 114 By accounting period (Table 11), 106
INVESTMENT CREDIT ITEMS Size of investment credit (Table 15), 116 Major industry (Table 16),
DOMESTIC INTERNATIONAL SALES CORPORATION RETURNS Balance sheets and income statements as shown on Form 1120-DISC (Table 21), 133 Selected industries; balance sheets and income statements (Table 20), 130
137
CLASS LIFE ASSETS DEPRECIATION RANGE (CLADR) ITEMS Major industry (Table 22), 134 Size of total assets (Table 23), 136
PENSION PLAN Industrial division (Table 26), Size of total assets (Table 27), 142 FOREIGN TAX CREDIT Major industry (Table 28),
140
144
118
V
Section 1
Corporation Income Tax Returns, 1975
RETURN COVERAGE
cause these organizations possessed characteristics typical of the corporate form, such as continuity of life, centralization of management apart from ownership, limited liability of owners, and transferability of shares of capital ownership, they were required to file corporation income tax returns.
This report presents statistical estimates derived from a stratified sample of unaudited income tax and information returns filed by corporations for the 1975 Income Year, defined to cover accounting periods ended July 1975 through June 1976. The approximately 2,024,000 returns of active corporations (including 358,000 Small Business Corporations electing to be taxed through their stockholders and 6,400 Domestic International Sales Corporations) filed for this period provided the basis of all financial statistics presented in this report. No data were tabulated from inactive corporation returns, defined as those showing no income or deductions. Besides returns filed by inactive corporations, the statistics specifically exclude foreign corporations with no income "effectively connected" with a U.S. trade or business and returns of tax-exempt corporations. These returns comprised returns of farmers' cooperatives exempt from income tax under Internal Revenue Code section 521 and nonprofit corporations (educational, charitable, and similar organizations) exempt from income tax under section 501. Also excluded were returns of certain political financing organizations which could be taxable under certain conditions. Section 6012 of the Internal Revenue Code required that all corporations in existence at any time during the income year file returns, regardless of whether they This applied had income or not. to active and inactive domestic corporations unless they were expressly exempt from filing, as well as to active foreign corporations with insufficient taxes withheld at the source to satisfy their U.S. tax liability on income earned in the United States. In addition to legally defined corporations, the Internal Revenue Code recognized many types of businesses as corporations, including joint-stock companies; insurance companies; and unincorporated associations, such as business trusts, savings and loan associations, certain partnerships, mutual savings banks, and cooperative banks. Be-
ACTIVITIES COVERED The estimates in this report include corporate business activities in the United States as reported on returns of domestic and certain foreign corporations, as well as certain foreign activities. Thus, dividends remitted from foreign subsidiaries of domestic corporations and, to a limited extent, undistributed earnings of foreign subsidiaries are included. The estimates also include data on income earned by domestic corporations through foreign branches. The term "domestic corporations" refers to companies incorporated in the United States, but does not necessarily imply all For instance, domestic activity. a business may have been incorporated in the United States, had its principal office here, and yet conducted all of its business abroad through foreign branches. The effect of foreign activity on the statistics varies accordingly. Some industries may have higher incidences of foreign activity than others and foreign income is reflected in their statistics to a Also, foreign acgreater extent. tivity tends to increase with the pize of the corporation. For foreign corporations (defined as those organized abroad) engaged in trade or business in the United States, only income that was considered "effectively connected" with the conduct of the trade or business in the United States is included in the statistics. Other foreign corporations, organized abroad and not engaged in trade or business in the United States, were liable for tax only on investment income from U.S. sources. This income is excluded from this report.
TIME PERIOD COVERED The estimates in this report are based on data from both returns with accounting periods that coincided with Calendar Year 1975 and returns with accounting periods that were for noncalendar years ended during the span of months At July 1975 through June 1976. the center of this 12-month span was the calendar year, i.e., the year ended December 1975. This span, in effect, defines the income year in such a way that the noncalendar year accounting periods are centered at the calendar year ended December. The 12 accounting periods covered by the 1975 report are presented in Chart 1. Code section 441 specified that, in general, the accounting period close at the end of the month. Thus, chart 1 shows a span of 23 months between the first-included accounting period, which began on August 1, 1974, and closed July 31, 1975, and the end of the lastincluded accounting period, which began on July 1, 1975, and closed on June 30, 1976. This report, therefore, shows income received or expenses incurred during any or all of the months in the 23-month span. For balance sheet items, such as total assets and inventories, the report shows corporations' position only at a given point in time, namely at the end of their accounting periods. Corporations were required by section 441 to file returns for the accounting period customarily used in keeping their books. Less than half of the returns were filed for the calendar year, but these included returns of most of the larger corporations. Over 80 percent of total assets, 73 percent of net income (less deficit), and 60 percent of total receipts were reported on calendar year returns. Table A shows their income (less deficit) and total assets reported on returns for each of the 12 accounting periods; chart 2 shows total receipts reported for these same accounting periods. The total number of active corporations included, in addition
2
Corporation Returns/1975
Table A.-Returns of Active Corporations: Number of Returns, Total Assets, Total Receipts, Net Income (Less Deficit), and Total Income Tax, by Accounting Period, 1975 [All figures ire estimates based on samples-money amounts are in thousands of dollars) Number of returns
Accounting period ended~
Total assets
Total receipts
Net .income (less deficit)
Total income tax
(2)
(3)
(4)
(5)
Total ........................................................
2,023,647
4,286,556,273
3,198,627,860
142,636,826
66,144,308
December 1975 ....................................................
813,929
3,442,683,373
1.929,549,583
104,011,978
49,062,767
Noncalendar year, total .............................................
1,209,718
843,872,900
1,269,078,277
38.624,848
17,081,541
July 1975 ........................................................ August 1975 ................ .................................... September 1975 ................................................. October 1975 .................................................... November 1975 .... .............................................
73,381 76,119 175,166 99,046 57,286
48,144,380 45,367,044 141,785,033 94,617,519 45.746,695
71,449,705 75,832,336 176,446.109 106,062,452 54,828,718
1,759,239 1,878,310 5,221,927 3,898,403 2,088,048
876,697 977,522 2,546,565 1,668,289 850,598
January 1976 .................................................... February 1976 ................................................... March 1976 ...................................................... April 1976 ........................................................ May 1976 ......................................................... June 1976 ......................................... .............
77,429 74,157 156.631 91,576 83,078 245,849
90,610,207 36,373.508 89,052,772 47,313,012 43,429,643 161,433,087
152,352,514 65,799,802 169,461,043 76,770,152 81,151,980 238,923,466
5,885,410 1,819,219 3,743,724 2,330,149 2,033,514 7,966.905
2,095,384 804,336 1,860,924 968.112 908,575 3,524,549
-includes part-year returns.
Chart I
Number of returns and net income, by accounting periods 0
_r___
Acc ounting periods I
Aug.-July Sept.-Aug.
Oct.-Sept.1
Nov.-Oct.
Dec.-No Calendar yi~ar returns
Jan.-Dec. Feb.-Jan. Mar.- Feb. Apr.-Mar. 1
May-Apr. Jun.-May Jul.-Jun.
I I I I I I I I I I I I I I I II I I II I I I I I I I I I I a iI I I J FM AM J - J ASO - - - N- -D 3 'FMA-M -- - J,J ASO N U JFivi A M,J J ASO N D 1974
L
1975 Calendar year
1976
Returns and not income (less deficit)
3
Corporation Returns/1975
Chart 2
Total receipts (Billions of dollars) $3,500
Total receipts by accounting periods!/ The accounting years in this report ended from July 1975 to June 1976but most of the receipts were attributed to calendar year 1975.
3,000
2.500
2,000
Calendar year
1,500
11000
500
1J Includes part-year returns.
to returns with accounting periods that spanned 12 months, returns with accounting periods of shorter duration. Such returns are referred to as part-year returns and were filed, for the most part, by continuing corporations changing their accounting periods, new corporations in existence less than 12 months, merging corporations, and liquidating corporations. The statistics in this report reflect, to varying degrees, changes in law that became effective during the accounting periods covered. Depending on the accounting period used and the e;fective date of the change in law, the changes may have been fully applicable for some corporations, only partially applicable for others and not applicable at all for sLli others.
S"ARY OF CORPORATE ACTIVITY Table B presents a two-year comparison of selected receipt, deduction, profit, and tax items. The 55 percent decrease in the additional tax for tax preferences (or "minimum tax") from $347 million for 1974 to $157 million for 1975 was largely attributable to the reduction in percentage depletion resulting from enactment of the Tax Reduction Act of 1975.
A I S I fl:N 1974
CHANGES IN LAW The following information describes the major law changes that became effective during the 1975 Income Year and which affected substantially the comparability of the Statistics with those in prior years. These changes resulted from either the Tax Reduction Act of 1975, the Tax Reform Act of 1976, or the Employee Retirement Income Security Act of 1974 (ERISA).
Extension of Change in Tax Rates The temporary changes in the corporate tax rates and in the surtax exemption provided by the Tax Reduction Act of 1975 and the Revenue Adjustment Act of 1975 were expanded and extended for another year by the Tax Reform Act of 1976. The Tax Reduction Act of 1975 introduced two graduated normal tax rates in place of the former single normal tax rate and increased the amount of taxable income exempt from the surtax. The normal tax rate was reduced from 22 percent to 20 percent for the first $25,000 of taxable income, but it remained at 22 percent for taxable income in excess of $25,000. The surtax rate of 26 percent continued to apply to amounts in excess of $50,000. The surtax exemption was
increased from $25,000 to $50,000 thereby decreasing the amount of taxable income subject to the combined 48 percent tax rate by $25,000. The Tax Reform Act of 1976 extended the rate changes to mutual insurance companies (other than life, or marine and certain fire and flood insurance companies), which were inadvertently excluded from the 1975 Act. The changes were retroactive to taxable years ending after December 31, 1974. Under the Tax Reduction Act of 1975, revised amounts and rates were made effective for taxable years ending in 1975, after which they were to revert to the amounts and rates in effect under previous Subsequently, the Revenue law. Adjustment Act of 1975 extended the changes through the first 6 months of 1976, thus making the reduced combined normal tax rates and the increased surtax exemption also applicable to taxable years ended during the period January through June 1976. The changes were subsequently extended further by the Tax Reform Act of 1976, to cover taxable years ending through 1977. Since the period of the revised rates and surtax exemption was for taxable years ended in 1975 through 1977, this report, which presents data for taxable years ended July 1975 through June 1976, shows the effect of the first full
Corporation Returns/1975
4
Table B.-Returns of Active and Inactive Corporations: Number of Returns, Receipts, Income Tax, Tax Credits, and Distributions to Stockholders, 1974 and 1975 [All figures are estimates based on samples-money amounts are in thousands of dollars) Item
1974
1975
(1)
(2)
Increase or decrease(-) Number or Percent amount (4)
(3)
Number of returns of active and inactive corporations, total ..............................
2,042,996
2,099,816
56,820
2.8
Active corporations, total ..................................................................... With net income ........................................................................... Without net income ........................................................................ Form 1120S ............................................................................... Form 1120-DISC .........................................................................
1,965,894 1,207,396 758,498 333,099 5,498
2,023,647 1,226,208 797,439 358,413 6,431
57,753 18,812 38,941 25,314 933
2.9 1.6 5,1 7.6 17.0
Inactive corporations .........................................................................
77,102
76,169
-933
-1.2
Number of returns with income tax: With total income tax . ..... I ...... I ................. ......................................... With additional tax for tax preferences, ...................................................... With total income tax after credits ........................................................... With total income tax after investment and work incentive (WIN) credits ....................
888,582 4.575 803,159 803,740
889,759 4,284 732,942 733,964
1,177 -291 -70,217 -69,776
0.1 -6.4 -8.7 -8.7
Total receipts .................................................................................. Business receipts ............................................................................ Interest on State and local Government obligations .......................................... Other receipts ................................................................................
3,089,701,363 2,854,819,489 5,774,934 229,106,940
3,198,627,860 2,961,729,640 6,711,606 230,186,614
108,926,497 106,910,151 936,672 1,079,674
3.5 3.7 16.2 0.5
Total deductions .......... .................................................................... Cost of sales and operations ................................................................ Other deductions ........ : ............ .......................................................
2,941,543,997 2,068,068,555 873,475,442
3,052,674,597 2,129,928,467 922,746,130
111,130,600 61,859,912 49,270,688
3.8 3.0 5.6
..................................... ........ .. ..... . ..
148,157,366
145,953,263
-2,204,103
-1.5
Net income (less deficit) ....................................................................... Net income ............................ I .......... I .............. ....................... Deficit ..... ..................................................................................
145,997,808 171,166,224 25,168,416
142,636,826 169,483,336 26,846,510
-3,360,982 -1,682,888 1,678,094
-2.3 -1.0 6.7
Income subject to tax ..................................................................... I ....
143,982,513
146,589,287
2,606,774
1.8
Income tax, total ................................................................................ Normal tax. surtax, and alternative tax .............................................. _. ; ........ Tax from recomputing prior year investment credit ................................ .......... Tax from recomputing prior year work incentive WIN) credit ................................ Additional tax for tax preferences ...................................... I .................. : ...
66,112,989 65,586,637 179,121 446 346,785
66,144,308 65,769,822 217,138 608 156,740
31,319 183,185 38,017 162 -190,045
0.0 0.3 21.2 36.3 -54.8
Foreign tax credit: Number of returns .......... ................................................................ Amount .... .................................................................................
6,960 20,752,819
6,137 19,987,724
-823 -765,095
-11.8 -3.7
Investment credit: Number of returns ........................................................................... Amount ...................................................................................
533,947 4,221,384
553,279 6,459,746
19,332 2,238,362
3.6 53.0
Work incentive (WIN) credit: Number of returns ............. ............................................................. Amount ............................... w ..................................................
4,229 7,795
3,349 5,321
-880 -2,474.
-20.8 -31~7
Total income tax after credits ............................... .................................. Total income tax after investment and work incentive (WIN) credits ...........................
41,130,991 61,883,810
39,691,517 59,679,241
-1,439,474 -2,204,569
-3.5 -3.6
Distributions to stockholders except in own stock ..............................................
49,280,658
45,224,392
-4,056,266
-8.2
Total receipts less total deductions
'Number of returns with total income tax includes number of returns with additional tax for tax preferences. NOTE: Credits include foreign tax, investment. and work incentive (WIN) credits.
year under the law change. The statistics for 1974 reflected the effect of the change only for those taxable years ended January through June 1975. Depletion Rates The Tax Reduction Act of 1975 repealed, with certain exceptions, the percentage depletion allowance of 22 percent for oil and gas wells. The repeal was effective January 1, 1975, for taxable years ending after December 31, 1974. The exceptions, which applied only to domestic crude oil and domestic natural gas, were for: (1) regulated natural gas, (2) natural gas sold under a fixed contract, (3) any geothermal steam deposit in the United States or a U.S. possession which was determined to be a gas well according
to Code section 613, and (4) small (independent) producers and royalty owners. The depletion.rate applicable under the first three exceptions remained at 22 percent of gross income from the. property, less rents and royalt ies paid, limited to 50 percent of the net income from the property before the depletion deduction, the limitation in the case of small (independent) producers and royalty owners was increased to 65 percent of net income from all sources. If the 65 percent limitation caused an amount to be disallowed for a taxable year, the disallowed portion could be carried over to the next year for inclusion in the depletion deduction, provided it was within the limitation for that year. Explicitly excluded from the list of repeal exceptions were crude oil refiners that processed
daily more than 50,000 barrels of crude oil and certain retailers of oil, natural gas or any of their derivative products so that these refiners and retailers were denied the continued use of the percentage depletion allowance. Under the Tax Reduction Act of 1975, retailers were defined for this purpose as those that sold such products through retail outlets they operated, or to any person who was obligated to sell under the taxpayer's trademark or permitted to operate one of the retailer's outlets. The Tax Reform Act of 1976 made several changes in the retailer exception excluding the following types of retail sales for which percentage depletion was otherwise denied: (1) direct bulk sales of oil or natural gas to industrial or commercial users, (2) sales of oil, natural gas or any of their derivative products
Corporation Returns/1975 Table C.-Returns of Active Corporations: Number of Returns, Total Assets, Total Receipts, Net Income (Less Deficit), and Total Income Tax, by Size of Total Assets, 1974 and 1975 [All figures are estimates based on samples-money amounts are in thousands of dollars] Year and size of total assets
Number of returns
Total assets
Total receipts
Net income (less deficit)
Total income tax
(2)
(3)
(4)
(5)
1974 1,965,894
4,016,466,940
3,089,701,363
145,997,808
66,112,989
Zero assets . ...... ........... ....................................
62,456
-
21,272,795
216,859
329,998
Sl under S100,000 ................................................. $100,000 under $250,000 ................ __ ...................... $250,000 under S500,000 .......................................... $500,000 under $1,000,000 .................... I .......... I ..... S1,000,000 under $5,000,000 .......................................
1,078,690 369,808 198,976 118,476 98,539
36,349,919 59,652.116 69,760,625 82,079,477 199,232,992
120,469,265 132,852,732 146,538,704 172,615,147 367,810,576
463,421 3,177,889 3,804,917 4,822,264 11,568,406
461,905 956,955 1,344,986 1,905,680 5,532,610
$5,000,000 under S10,000,000 ..................................... $10,000,000 under $25,000.000 .................................... S25,000,000 under $50,000,000 ............................. ...... S50,000,000 under S100,000,000 ................................... S100,000,000 under S250,000,000 ........................ ......... $250,000,000 or more ..............................................
15,115 11,925 5,276 2,878 1,973 1.782
106,662,634 188,440.244 184,220,624 200,602,981 303,942,116 2,585,523,212
125,303,273 146,318,788 116,532,767 123,257,887 190,555,411 1,426,174,018
4,686,122 5,850.464 4,718,510 5,382,650 8,281,188 93,025,098
2,330,813 2,905,197 2,242,522 2,514,323 3,850,448 41,737,552
2,023,647
4,286,556,273
3,198,627,860
142,636,826
66,144,308
71,725
-
18,898,147
139,208
298,011
$1 under S100,000 ........................... ..................... S100,000 under $250,000 ............................ - ..... I ..... $250,000 under $500,000 .............. ........................... $500,000 under $1,000,000 ...... .................. - ............ $1,000,000 under S5,000,000 .......................................
1,106,004 378,642 203,392 122,584 101,333
37,576,474 60,544,506 71,619,530 85,218,025 203,930,860
128,814,973 133.800,421 152,767,256 181,872,355 3B4,585,139
416,745 2,803,425 3,681,184 4,640,582 11,291,136
439,063 855,442 1,053,529 1,613,896 5,115,256
S5,000,000 under $10,000.000 .... ................................ S10,000,000 under $25,000,000 .................................... S25,000,000 under S50,000,000 .................................... $50,000,000 under S100,000,000 ................................... $100,000,000 under $250,000,000 .................................. $250,000,000 or more .................. ...........................
15,091 12,215 5,567 3,068 2,144 1,882
106,083,345 193,310,296 194,656,918 213,007,645 330,634,632 2,789,974,042
131,530,117 154,979,643 122,341,047 131,390,532 206,655,630 1,450,992,600
4,656,170 6,331,296 4,942,678 5,195,008 8,519,164 90,020,230
2,340,294 3,040,998 2,400,917 2,439,364 4.154,480 42,393,058
Total .......................................................
1975 Total ....................................................... Zero assets ........................................................
1
NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation.
when gross receipts for a taxable year were less than $5 million, and (3) sales by retail outlets of oil, natural gas or any of their derivative products, made outside the United States. For 1975, the depletion rate for oil and gas covered under the small (independent) producer and royalty owners exception was 22 percent of the maximum daily average of 2,000 barrels. From 1976 to 1980, the maximum,daily average was to be phased down by 200 barrels a year to 1,000 barrels, where Beginning with it was to remain. Calendar Year 1981 production, the depletion rate was to be gradually reduced. For 1981, 1982, and 1983, the rate was to be 20, 18, and 16 percent, respectively. For 1984 and thereafter, it was to be 15 percent. However, the corporation was allowed to take the full percentage depletion deduction, at the 22 percent rate, on all production resulting from secondary and tertiary processes until December 31, 1983.
Domestic International Sales Corporations
The Tax Reduction Act of 1975 reduced the kinds of "qualified export property" recognized for export sale by a Domestic International Sales Corporation (DISC)
after March 18, 1975. In meeting the 95 percent gross receipts test (as defined in the Explanation of Terms section under "Domestic International Sales Corporation Returns"), certain products were no longer qualified beginning in 1975. The newly disqualified property comprised: (1) products or commodities for which percentage depletion was allowable (including oil, gas, coal, or uranium products) and (2) certain products (such as gasoline and soybeans) for which exportation was prohibited or curtailed under the-Export Administration Act of 1969. However, the disqualification of depletable products did not apply to commodities or products (except for primary products from oil, gas, coal, or uranium) if at least 50 percent of their fair market value was attributable to manufacturing or processing. The Tax Reform Act of 1976, however, provided an exception from the disqualification provision for products or commodities sold or exchanged after March 17, 1975, and before March 18, 1980, as a result of a "fixed" contract which was binding on the DISC or on a member of the same "controlled group" as the DISC, on March 17, 1975, and thereafter. "Fixed" contracts guaranteed that price and quantity charges could be made only upon the occurrence of specified conditions and not upon the discretion of the seller.
Deduction for Contributions to Employee Plans The Employee Retirement Income Security Act of 1974 (ERISA), which was signed into law on September 2, 1974, revised the requirements relating to the participating, vesting, and funding of private pension and employee benefit plans and to the deductibility of employer contributions New rules under to these plans. ERISA were effective at varying times, but generally applied to plan years beginning after the September 2, 1974, date. Under ERISA, employee benefit plans were qualified for tax purposes only if they met certain newly imposed compulsory standards. Stated differently, employee benefit plans generally had to meet these new standards before the related trusts set up by the employer to administer them could be exempted from income taxation and before employers could deduct their contributions to these trusts. Included among the compulsory standards were revised minimum funding requirements. Prior to ERISA, an employer could meet the previous funding requirements by contributing annually to a defined benefit pension plan (i.e., a plan that had fixed or determinable future benefits) an amount at least equal to "normal costs" (i.e., annual contributions to the
6
Corporation Returns/1975
Table D.-Consolidated and Nonconsolidated Returns of Active Corporations: Number of Returns, Total Assets, Total Receipts, Net Income (Less Deficit), and Total Income Tax, by Size of Total Assets, 1975 [All figures are estimates based on samples-money amounts are in thousands of dollars] Numbe of returns
Type of return and size of total assets
Total assets
Total receipts
Net income (less deficit)
Total income tax
(2)
(3)
(4)
(5)
Consolidated Returns Total .......................................................
38,307
2,676,964,049
1,758,837,335
93,639,755
46,928,315
Zero assets .................................................. : .....
562
-
4,314,005
83,281
73,207
$1 under $100,000 ................................................. $100 ,000 under $250,000 .......................................... $250,000 under $500,000 .......................................... $500,000 under $1,000,000 ........................................ $1 ,000, 000 under $5 ,DOO ,000 .......................................
2,234 1,907 4,102 4,998 12,232
101,959 345,916 1,491,319 3,667,092 29,282,536
292,842 999,395 3,681,500 8,001,629 56,472506
-26,777 -14,283 -3, 655 39,589 954,736
360 6,440 13, 952 64,348 682,317
$5,000,000 under $10,000,000 ..................................... $10, 000,DOO under $25,000,000 .................................... $25,000,000 under $50,000,000 .................................... $50,000,000 under $100,000,000 ................................... $100,DGO,000 under $250 ,000 ,000 .................................. $250,000,000 or more ..............................................
3,801 3,226 1,623 1,156 1,109 1,357
26,699.426 51,266,193 57,826,689 81,749,019 173,366,767 2,251,167,133
44,156,247 72,016,146 67,238,271 86,165,798 150,075,717 1,265,423,279
B39,192 1,933,884 2 ,151 , 148 2,575,604 5,806,964 79,300,072
661,096 1,243,656 1 ,241 ,474 1,537,251 3,115,415 38,288,799
1,985,340
1,609,592,224
1,439,790,525
48,997,071
19,215,993
71,163
-
14,584,142
55,927
224,804
$1 under $100,000 ................................................. $100 ,000 under $250, 000 .......................................... $250,000 under $500,000 .......................................... $500,000 under $1,000,000 ........................... ............ $1 ,000 ,000 under $5 ,000 ,000 .......................................
1,103770 3 76 :735 199,290 117,586 89,101
37,474,515 60,198,590 70,128,211 81,550,933 174,648,324
128,522,131 132,801,026 149,085,756 173,870,726 328,112,633
443,522 2,817,708 3 ,684 ,839 4,600,993 10,336,400
438,703 849,002 1 ,039 ,577 1,549,548 4,432,939
$5.000,000 under $10,000,000 ..................................... $10, 000, 000 under $25, 000,000 ............. ...................... $25,000,000 under $50,000,000 .................................... $50,000,000 under $100,000,000 $100,000,000 under $250 ,000 ,000 ........... ................ * ...... $250,000,000 or more .............................................. ...... .......... ..... * ..........
11,290 8,989 3,944 1,912 1,035 525
79,383,919 42 044,103 36:830 , 229 131 258:626 157,267,865 538,806,909
87,373,870 82,963,497 55,102,776 45,224,734 56,579,913 185,569,321
3,816,978 4,397,412 2, 791 , 530 2,619,404 2,712,200 10,720,158
1,679,198 1,797,342 1 , 159;443 902,113 1,039,065 4,104,259
Nonconsolidated Returns Total ....................................................... Zero assets ........................................................
: Classification by size
1
as based on amounts rounded to thousan a of dollars prior to tabulation.
Chart 3 171.2
169.5
138.3
112.8
Net income
96.7
66.11
Income taxi: Before credits After credits IJBefore and after investment and foreign tax credits and for 1972. 1975, work incentive (WIN) credit.
52A 39.1
42.9 37.5 30.2
1971
'
1
1
41.1
33.5
1972
1973
1974
1975
66.1
7
Corporation Returns/1975 plan sufficient to pay pension liabilities accruing from an employee's current service) plus the interest due on "past service costs" (i.e., those costs for retirement benefits that were based on the employee's years of service with the employer before the plan was established). Under the revised minimum funding requirements, an employer had to contribute annually an amount at least equal to normal costs plus amortization of past service costs; plus increases in liabilities and experience losses; less amortization of decreases in pension liabilities and experience gains. The nonapplicability of minimum funding requirements to profitsharing or stock bonus plans was unchanged by ERISA. In addition to the minimum funding requirements, ERISA established new limitations on the deductions claimed by employers for certain of their contributions to qualified pension plans. For example, regular corporate plans based on a combination of the earnings of the individual employee and the aggregate compensation paid by the employer were subject to limitations for the first time. The Act continued limitations on deductible contributions to defined contribution plans (i.e., plans which provided for an individual account for each participant employee and for benefits based solely on the amount contributed to the participant's account, and any income and expenses, gains and losses, and forfeitures of accounts of other participants which could be allocated to such participant's account). As in prior years, contributions deductible for a given year were limited. However, limitations were not the same for employer contributions to defined pension plans as they were for profit-sharing plans or stock bonus trusts. For defined pension plans, the limitation was an amount equal to the greater of the minimum funding requirements or a maximum annual deduction. The maximum annual deduction, which formerly included normal costs plus 10 percent of past service costs, was changed to include normal costs plus amounts needed to amortize past service costs in 10 equal annual payments (including interest and principal). The maximum annual deduction limitation applied unless it was less than the amount needed to meet the minimum funding requirements. If this were the case, the amount needed to satisfy the minimum funding requirements took precedence and was deducted in full, so that, in effect, this amount became the maximum annual deduction.
For profit-sharing plans or stock bonus trusts, the amount deducted in a given year could not exceed 15 percent of the aggregate compensation paid by the employer in that year. For combination profit-sharing and pension plans, the limitation was 25 percent of the aggregate compensation paid by the employer in the given year. Employer contributions in excess of the limitations were carried over to future years, in order of time, until they were fully deducted. The amount carried over, when combined with the current year's allowable amount, could no~ exceed either the maximum annual deduction, minumum funding requirements or 25 percent of the aggregate compensation paid by the employer. Prior to ERISA, the total amount (i.e., the current deduction plus the carryover amount) deductible in a carryover year could not exceed 30 percent, in the case of a combination profit-sharing and pension plan. For profit-sharing plans alone, the limit was unchanged; it remained at 25 percent for carryover years. Thus, the amount deductible in a carryover year was reduced from 30 to 25 percent for combination profit-sharing and pension plans. Foreign Tax Credit The Tax Reduction Act of 1975 limited the foreign tax credit for taxes paid in connection with foreign oil and gas extraction income and foreign oil-related income. Foreign taxes paid on foreign oil and gas extraction income and eligible for credit were limited to 52.8 percent of taxable income from foreign oil and gas extraction for taxable years ending in 1975, to 50.4 percent for years ending in 1976, and to 50 percent for subsequent years. Taxes paid in excess of these limitations were not eligible for the foreign tax credit nor could they be claimed as a business deduction. For taxable years ending after December 31, 1974, corporations had to compute their foreign tax credit separate for foreign oil-related income, which included foreign oil and gas extraction income as a component. In addition, for taxable years ending after December 31, 1975, the "per country" limitation on the credit for eligible foreign taxes no longer could be used for foreign oil-related income. Instead, the amount of foreign tax credit with respect to such income was calculated under the "overall" limitation. Further, foreign oilrelated losses were to be "recaptured" by treating future foreign oil-related income (to the extent of such losses) as U.S. source in-
come, and by a corresponding reduction in foreign taxes available for credit. In determining the amount of carryover to 1975 and subsequent years for excess eligible foreign taxes, the carryover from the prior year was first computed as if the current limitations on foreign oil and gas extraction income had been in effect for the carryover and all subsequent years, and then divided into a foreign oil-related carryover and a carryover on all other income. This latter allocation was based on the relationship between the foreign oil-related income and the corporation's total taxable income taken into account in determining the amount of the carryover. With certain restrictions for corporations that used the "per country" limitation for taxable years beginning before January 1, 1976, the Tax Reform Act of 1976 continued to permit corporations to carry back to the 2 preceding years, eligible excess taxes paid (or accrued) to foreign countries or United States possessions.
Investment Credit The Tax Reduction Act of 1975 broadened the definition of property eligible for the investment credit against income tax to include "qualified progress expenditures" and temporarily increased the investment credit tax itself from 7 percent of "qualified investment" (4 percent in the case of public utility property) to 10 percent (or 11 percent under certain conditions) for all corporate taxpayers. ("Qualified investmentil was the amount based on a property's cost or other basis designed to give weight to longer-lived assets.) The rate was raised from 4 to 10 percent (an increase of 6 percent) for public utility property in order to attract capital for expansion of such property. The additional 1 percent of credit was available only to those corporations that contributed an amount equal to 1 percent of their "qualified investment" to an "employee stock ownership plan" (ESOP), for the period of the temporary increase. The period of the temporary increase, which originally was from January 22, 1975, through December 31, 1976, under provisions of the Tax Reduction Act of 1975, was extended for 4 more years, through 1980, by the Tax Reform Act of 1976. The ESOP (also referred to as a TRASOP or Tax Reduction Act Stock Ownership Plan) which was used by the corporation to qualify for the additional 1 percent investment credit was subject to special
I rules. Incuded were the requirements that it be established in Writing, designed to invest primarily in securities, and funded by transfers of the corporation's securities (cash could be transferred if it were used to purchase the corporation's securities). Further, the ESOP qualifying rules required the total amount transferred to be allocated to the account, the participant had to be able to direct the plan as to how the allocation should be voted. For property acquired and placed in service during the 19751976 period, the 10 (or 11) percent rate generally applied. Similarly, the 10 (or 11) percent rate was applied to the extent of the cost or other basis incurred for property constructed, reconstructed, or erected during this period. However, for property ordered during this period but not placed in service until 1981, and property acquired after December 31, 1980, the credit was to be figured at 7 percent (or 4 percent for public utility property). Prior to amendment by the Tax R~eduction Act-of 1915 the-amount of investment credit allowed ' against tax was limited for any one taxable year to $25,000 plus 50 percent of the excess over $25,000. Under the amendment, for public utility companies that were adversely affected by increasing energy costs, the percentage limitation was increased from 50 percent to 100 percent. Only those public utility companies 75 percent or more of whose total qualified investment was "public utility property" qualified for the increased limitation. This increased limitation only applied to companies with taxable years ending in 1975 and 1976 after which the liberalized limitation was to be reduced gradually to 50 percent over the 5-year period, 1977 through 1981, by 10 percent annual decrements. Amounts in excess of the limitation could be carried over, under existing rules for use in other years. For years before 1975, the investment credit was not available for amounts paid (or incurred) for construction (or acquisition or reconstruction) of eligible investment credit property until such property was actually placed in service. However, the 1975 Act allowed corporations to elect to claim the credit for certain payments before the property was placed in service. These payments were defined as "qualified progress expenditures" made on eligible property with a useful life of at least 7 years and with a normal construction period of at least 2 years.
Corpo~ation Returns/f9-75* Effective with payments made after January 21, 1975, the "qualified progress expenditures" provision was to be phased in over a 5year period, i.e., taxable years beginning in calendar year 1975 through 1979. During the phase-in period, the total qualified investment was increased by 20 percent of the sum of the qualified progress expenditures from previous years (beginning with Tax Year 1974) plus 20 percent of the current year's payments accumulated annually.. Thus, the amount of the increase was 20 percent plus 20 percent for taxable years beginning in 1975; 20 percent plus 40 percent for taxable years beginning in 1976; 20 percent plus 60 percent for taxable years beginning in 1977; 20 percent plus 80 percent for taxable years beginning in 1978; 20 percent plus 100 percent for taxable years beginning in 1979. For taxable years beginning in 1980 and thereafter, the increase was the entire amount of the qualified progress expenditure. -For property placed in ser. vice during the transitional period, the corporation took the full investment credit, reduced by progress payment credits already taken, plus the remaining portions of the credit that otherwise would have been phased in at the 20 percent rate each year. In effect, the total qualified investment was increased by the progress payments not yet taken and reduced by those already taken. The 1975 Act also increased the dollar limitation on qualified investment in used property that could be taken into account in computing the credit, from $50,000 to $100,000, initially for taxable years beginning in 1975 and 1976. The period of the liberalized limitation was extended through 1980 by the Tax Reform Act of 1976. For taxable years beginning in 1981, the dollar limitation was to revert to $50,000. In contrast to the original WIN program, the WIN credit for wages paid AFDC recipients could also be claimed even if the employee's services were not performed in connection with the trade or business of the corporation (e.g., domestic service employment was covered). Along these same lines, qualifying wages paid to AFDC recipients were not limited to the first 12 months of employment and the employer was not subject to the credit recapture provisions that applied to the regular WIN wages for termination of employment. The total amount of WIN credit allowed under the Federal welfare recipients employment incentive
expense provisions was subject to a limitation, just as the existing' WIN credit was, based on the presence and ~dfze -of- the tax liability of the c6f~ooration,' i.e., the. first $25,000 was allowed in ful-1, the excess was limited to 50 percent. Amounts in excess bf the limitation could be carried over, under prescribed 'rules, for'use in othe*r years.* In addition, a tax credit for wages paid to an individual was allowable under either the previously existing WIN rules or the new Federal welfare recipients employment incentive rules, but not both. More specifically, the employer could not receive a double credit if an employee qualified under both the rules expanding the credit and the rules for the existing WIN program.
Work Incentive (WIN) Credit
The Tax Reduction Act of 1975 amended the work incentive (WIN) tax credit provisions first authorized by the Revenue Act of 1971 by including a temporary credit (welfare recipients tax credit) for Aid to Families with Dependent Children (AFDC) program recipients hired under the Social Security Act provisions. The temporary credit, which was first slated to expire July 1, 1976, was extended by the Tax Reform Act of 1976 until January 1, 1980. While the 1971 WIN credit provisions applied only to AFDC program recipients hired under the WIN program, the 1975 amendment covered the hiring of AFDC welfare recipients, regardless of whether or not they were covered by the WIN program. The Federal welfare recipients employment incentive credit applied solely to the employment of an AFDC recipient who: (1) had continuously received AFDC financial assistance during the 90-day period immediately before being hired, (2) had been employed by the corporation for a period in excess of 30 consecutive days on a substantially full-time basis, (3) had not displaced any other employee, and (4) was not a migrant worker (i.e., an individual who was employed for services for which the customary period of employment by one employer was less than 30 days and if the nature of such services required the employee to travel from place to place for short periods of time). The expanded WIN credit was equal to 20 percent of the wages paid to AFDC recipients hired after March 29, 1975, for services rendered to the corporation before (This date was July 1, 1976.
Corporation Returns/1975 extended to January 1, 1980, by the Tax Reform Act of 1976.) After the eligible employee had worked the first 30 days, the corporation would receive the credit for the wages paid for the first 30 days of employment plus the credit for the wages paid for all days the employee continued to work after the original 30-day period through the first 12 months of employment.
b
Section 2
Tables for 1975
INCOME AND FINANCIAL DATA BY INDUSTRY OR SIZE
TAX, CREDITS, AND OTHER STATISTICS
INVESTMENT CREDIT ITEMS
10 Returns of active corporations: Tax items: Number of returns by selected types of tax, dividend items, net income or deficit, statutory special deftctions, income subject to tax, income tax, and credits, Small Business Corporations (Form 1120S), by major industry, 90 11 Returns of active corporations: Income, statutory special deductions, income tax, and credits, by accounting period, 106 12 Returns of active corporations, other than Forms 1120S and 1120DISC: Income subject to tax: Number of returns, net longterm capital gain, net income, income subject to tax, income tax, foreign tax, investment, and work incentive (WIN) credits, and coefficients of variation, by size of income taxed at normal tax and surtax rates, or by size of deficit, 107 13 Returns of active corporations, other than Forms 1120S and 1120DISC: Number of returns, selected receipts, net income, statutory special deductions, income subject to tax, income tax, and foreign tax, investment, and work incentive (WIN) credits, by size of income tax before credits, 112 14 Returns of active corporations, other than Forms 1120S and 1120DISC: Number of returns, selected receipts, net income, statutory special deductions, income subject to tax, income tax, and foreign tax, investment, and work incentive (WIN) credits, by size of income tax after credits, 114
15 Returns of active corporations other than Forms 1120S and 1120DISC: Investment credit and related items, for total returns, and returns with carryover, by size of tax after foreign tax credit, by size of investment credit, 116 16 Returns of active corporations, other than Form 1120-DISC: Investment credit items: Number of returns, cost of property, investment qualified for credit, tentative credit, carryover, income tax, investment credit, unused credit, depreciable assets, depreciation deduction, and returns with carryover, by major industry, 118
1
2
3
4
5
6
7
8
9
Returns of active corporations: Number of returns, receipts, cost of sales and operations, net income, total income tax, foreign tax and investment credits, distributions to stockholders, total assets, net worth, depreciable assets, depreciation deduction, and coefficients of variation, by minor industry, 13 Returns of active corporations: Balance sheets and income statements, by major industry, 22 Returns with net income: Balance sheets and income statements, by major industry, 30 Returns of active corporations: Balance sheets and income statements, by size of total assets, 38 Returns with net income: Balance sheets and income statements, by size of total assets, 40 Returns of active corporations: Selected balance sheet, income statement, and tax items, and distributions to stockholders, by major industry, by size of total assets, 42 Returns of active corporations: Selected balance sheet, income statement, and tax items, and distributions to stockholders, by industrial division, by size of business receipts, 76 Returns of active corporations: Book net income or deficit, provision for Federal income tax, by major industry, 81 Returns of active corporations: Returns with beginning and ending inventories and with "Last-In, First-Out" (LIFO) inventory method: Business receipts, net income (less deficit), total income tax, and total assets, by major industry, 86
11
SMALL BUSINESS CORPORATIONS 17 Returns of active Small Business Corporations, Form 1120S: Balance sheets and income statements, by industrial division, 125 18 Returns of active Small Business Corporations, Form 1120S: Balance sheets and income statements, by size of total assets, 126 19 Returns of active Small Business Corporations, Form 1120S: Number of returns, business receipts, net income, net worth, and distributions to stockholders, by industrial division, by size of total assets, and by number of stockholders, 127 DOMESTIC INTERNATIONAL SALES CORPORATIONS (DISC's) 20 Returns of active Domestic International Sales Corporations, Form 1120-DISC: Balance sheets and income statements, by selected industries, 130 21 Returns of active Domestic International Sales Corporations, Form 1120-DISC: Balance sheet and income statement items, as shown on Form 1120-DISC, 1974 and 1975, 133
12 CLASS LIFE ASSET DEPRECIATION RANGE (CLADR) ITEMS 22 Returns of active corporations: Depreciation under Class Life Asset Depreciation Range (CLADR) system, by major industry, 134 23 Returns of active corporations: Depreciation under Class Life Asset Depreciation Range (CLADR)system, by size of total assets, 136 CONSOLIDATED RETURNS
24 Consolidated returns of active corporations: Balance sheets and income statements, by industrial division, 137 25 Consolidated returns of active corporations: Balance sheets and income statements, by size of total assets, 138
Corporation Returns/1975 PENSION PLAN ITEMS
FOREIGN TAX CREDIT ITEMS
26 Returns of active corporations: Pension plans: Number of returns, total assets, total receipts, pension plans, employee benefit programs, net income (less deficit), and total income tax, by industrial division, 140 27 Returns of active corporations: Pension plans: Number of returns, total assets, total receipts, pension plans, employee benefit programs, net income (less deficit), and total income tax, by size of total assets, 142
28 Returns of active corporations, other than Forms 1120S and 1120-DISC: Foreign tax credit: Foreign dividends, dividends from a DISC, net income, income subject to tax, income tax, and credits, and returns with Form 1118 filed in support of foreign tax credit claimed, by major industry, 144
Corporation Returns/11975
13
RETURNS OF ACTIVE CORPORATIONS Table I.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry [All figures are estimates based on samples-money amounts are in thousands of dollars] Minor industry
Number of returns Wthomne t inc e
T o ta l (1) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 119 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 Fee
Total returns of active corporations ...................... Agriculture, forestry, and fishing ......................... Agricultural production ...... .................................. Agricultural services, forestry, and fishing ...................... Mining ...................................................... Metal mining ............. .................................... Iron ores ............... ................................... Copper, lead and zinc, gold and silver ores .................. Other metal mining .......................................... Coal mining ............ ............. ........................ Oil and gas extraction ... Crude petroleum, natural gas*,* and ,naftral gas liquids ...... Oil and gas field services . .................................. Nonmetallic minerals, except fuels .................. .......... Dimension, crushed, and broken stone: sand and gravel ..... Other nonmetallic minerals, except fuels ..... .............. Construction ............................................... General building contractors and operative builders . ~ .... ...... General building contractors . ~ ........................ ...... Operative builders .......................................... Heavy construction contractors ...................... ......... Special trade contractors ...................................... Plumbing, heating, and air conditioning ....................... Electrical work .............................................. Other special trade contractors and contractors not allocable ....................... .......................... Manufacturing .............................................. Food and kindred products ......... ....... .................. Meat products ................ ...................... ...... Dairy products ........................ .......... .......... Preserved fruits and vegetables ............................. Grain mill products ............... ...... ............ ..... Bakery products ............................................. Sugar and confeclionery products ........................... Malt liquors and malt ....................................... Alcoholic beverages, except malt liquors and malt . ~ ......... Bottled soft drinks, and flavorings ...... ................... Other food and kindred products ............................ Tobacco manufactures ...... ........................... Textile mill products ........................................... Weaving mills and textile finishing ... ................ ...... Knitting mills ... ................................ ........... Other textile mill products ................ ............ Apparel and other textile products ............ .............. Men's and boys' clothing .......... _ ..... ... .............. Women's and children's clothing ................... ...... Other apparel and accessories .. ~ ........................... Miscellaneous fabricated textile products; textile products, not elsewhere classified .......... ........................ Lumber and wood products ................................... Logging, sawmills, and planing mills ......................... Millwork, plywood, and related products ...................... Other wood products, including wood buildings and mobile homes .................................................... Furniture and fixtures ............ ................ ............ Paper and allied products .. ........ ...... ................... Pulp. paper, and board mills ................................ Other paper products ....................................... Printing and publishing . ....................................... Newspapers ................................................ Periodicals .................................................. Books, greeting cards, and miscellaneous publishing ......... Commercial and other printing and printing trade services .... Chemicals and allied products . ~ ........ ..................... Industrial chemicals, plastics materials and synthetics ........ Drugs ...................................... ...... Soap, cleaners, and toilet goods ........ ....... ........... Paints and allied products ................................... Agricultural and other chemical products ............... ..... Petroleum (including integrated) and coal products ............. Petroleum refining (including integrated) ...................... Petroleum and coal products, not elsewhere classified ....... Rubber and miscellaneous plastics products ....... Rubber products; plastics footwear, hose and belting . ...... Miscellaneous plastics products .............................. Leather and leather products ........................ ......... Footwear, except rubber ........... ......................... Leather and leather products, not elsewhere classified .......
2,023,647 56,280 39,623 16,657 14,242 1,089 63 609 417 2,474 7,340 3,201 4,139 3,339 2,624 715 191,219 74,587 68,193 6,394 15,197 101,435 25,343 16,819 59,273 217,354 14,442 1,870 2,028 1,124 1,612 2,025 808 39 191 1,604 3,141 39 5,390 833 1,595 2,962 15,944 2,262 8,792 2,236
(2)
Total receipts At Returns with returns ll net income (3)
(4)
Busin recei p,s,s
Cost of sales and operat ons i
15)
(6)
1,226,208 3,198,627,860 2,702,584,664 2,961,729,640 2,129,928,467 33,328 28,118,514 21,541,407 26,624,149 , 19,738,447 24,984 22,548,872 17,812,029 21,223,128 15,824,405 8,344 5,569,642 3,729,378 5,401,021 3,914,042 8,297 65,909,994 63,670,496 59,935,653 30,171,612 135 4,988,979 2,448,664 4,648,338 3,457,642 22 1,594,708 1,445,703 1,110,487 927,935 69 3,024,491 2,848,468 1,290,237 2,166,848 '44 369,780 '230,492 354,167 180,307 1,587 10,711,062 9,849,823 10,351,276 6,400,215 4,261 44,954,409 43,521,355 43,608,854 17,168,972 1,519 38,667,068 37,734,730 37,906,864 13,725,322 2,742 6,287,341 5,786,625 5,701,990 3,443,650 2,314 5,255,544 4,115,811 5,062,028 3,144,783 1,867 3,277,383 2,773,262 3,162,073 2,054,642 447 1,978,161 1,342,549 1,899,955 1,090,141 108,852 146,955,117 110,511,031 143,412,715 116,845,554 39,591 65,130,038 47,623,816 63,283,333 55,001,594 36,549 60,424,990 44,637,277 58,822,182 51,233,559 3,042 4,705,048 2,986,539 4,461,151 3,768,035 9,794 31,031,555 24,517,440 29,986,602 24,217,949 59,467 50,793,524 38,369,775 50,142,780 37,626,011 15,492 14,606,381 10,831,168 14,447,629 11,262,181 10,042 8,557,796 6,290,044 8,452,950 6,443,554
2,075 7,904 2,321 2,948
4,271 7,614 3,565 357 3,208 31,431 5,451 3,448 4,795 17,747 9,695 2,919 1,233 1,773 1,151 2,619 1,622 436 1,186 7,386 1,034 6,352 2,297 644 1,653,
2,635 4,669 2,665 187 2,478 18,662 3,442 2,190 2,581 10,449 6,076 1,954 710 852 846 1,714 919 373 546 4,887 661 4,226 1,968 497 1,471 ,
3,741,133 29,567,666 10,627,043 11.827,648
3,376,415 23,858,798 8,271,488 10,581,759
7,112,975 5,005,551 10,669.939 8,411,700 34,856,602 32,624,410 17,859,707 16,595,080 16,996,895 16,029,330 39,965,974 35,505,948 13,711,099 12,840,278 5,265,311 4,760,838 7,752,235 7,005,246 13,237,329 10,899,586 102,155,675 94,555,851 48,630,768 44,963,483 21,490,838 19,552,096 14,847,170 14,682,199 4,175,806 3,915,287 13,011,093 11,442,786 266,291,261 263,995,680 263,518,094 261,421,691 2,773,167 2,573,789 24,503,965 22,596,556 17,002,494 16,301,103 7,501,471 6,295,453 8,511,999 . 6,163,573 5,700,470 3,713,792 2,811.529 2,449,781
otes at and of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
(7)
Net income (8)
Deficit
(9)
Income subject to tax (10)
142,636,826 746,908 684,025 62,883 23,574,833 3,863 35,941 -31,694 -384 1,337,125 21,968,782 21,195,910 772,872 265,063 142,173 122,890 2,236,262 420,735 498,787 -78,052 868,834 946,693 206,511 178,966
169,483,336 1,493,168 1,316,921 176,247 24,347,893 199,617 77,156 95,357 *27,104 1.459,199 22,349,255 21,456,058 893,197 339,822 187,261 152,561 4,514,864 1,572,495 1,447,744 124,751 1,287,311 1,655,058 386,363 300.660
26,846,510 746,260 632,896 113,364 773,060 195,754 '41,215 127,051 27,488 122,074 380.473 260,148 120,325 74,759 45,088 29,671 2,278,602 1,151,760 948,957 202,803 418,477 708,365 179,852 121,694
146,589,287 981,710 860,889 120,821 23,828,928 157,890 64,544 '78,426 '1 4,920 1,281,327 22,124,169 21,321,064 803,105 265,542 148.364 117,178
968,035 74,466,554 7,604,665 872.757 857,182 630,417 1,210,779 436,954 682,391 362,610 492,358 1,139,055 920,162 1,407,444 1,017,321 484,417 191,192 341,712 1,259,062 457,007 556,787 75,741
406,819 6,059,927 396,855 68,145 19,968 79,613 24,592 19,250 30,266 39,077 25.621 14,782 75,541 *4,891 424,719 159,314 75,439 189,966 198,179 56,721 101,431 13,299
727.875 69,739,743 7,209,312 786,651 824,976 617,579 1,169,441 411.233 665,050 349,285 412,098 1,088,910 884,089
9,029,025 23,297,549 10,990,094 4,065,785 8,241,670 23,777,657 7,725,755 11,754,588 1,504,799
561,216 68,406,627 7,207,810 804,612 837,214 550,804 1,186,187 417,704 652,125 323,533 466,737 1,124,273 844.621 1,402,553 592,602 325,103 115,753 151,746 1,060,883 400,286 455,356 62,442
3,704,572 27,754,136 9,580,863 11,275,919
2,792,515 21,032,968 7,219,158 8,509,327
142,799 719,637 204,914 386,126
169,527 1,104,539 365~642 474,578
26,728 384,902 160,728 88,452
153,369 980,454 321,078 429,282
6,897,354 10,520,005 33,652,795 17,076,079 16,576,716 38,644,311 13,183,089 5,112,723 7,310,135 13,038,364 98,224,782 46,954,183 20,333,910 14,296,687 4,112,218 12,527,784 259,478,848 256,760,386 2,718,462 246~111 5,6 ~61121 21 1 7,409,2411 8.357,9151 5571,4981 256,417 1
5,304,483 7,605,290 23.100,978 11,963,003 11,137,975 24,716,972 8,564,538 3,346,472 4,252,445 8,553,517 64,056,115 31,225,288 11,904,915 9,283,316 2,912,140 8,730,456 211,967,635 209,988,630 1,979,005 1 11~35366:0 7 946 24
128,597 347,077 2,292,594 1,080,556 1,212,038 2,623,706 1,241,724 239,240 510,560 632,182 B,149,472 3,560,388 2,121,250 1,494,627 195,273 777,934 17,506,582 17,316,245 190,337 942,014 662,879 279.135 269,619 52545 17!074
264,319 492,980 2,396,817 1,133,186 1,263.631 2,949.870 1,290,463 295,853 600,871 762.683 8,521,503 3,732,761 2,202,337 1,523,544 205,153 857.708 17,581,791 17,378,855 202,936 1,059,236 690,361 368,875 365.952 1228593 37:359
135,722 145,903 104,223 52,630 51,593 326,164 48,739 56,613 90,311 130,501 372,031 172,373 81,087 28,917 9,880 79,774 75,209 62,610 12,599 117,222 27,482 89,740 96,333 76048 20~285
230,094 446,391 2,332,866 1,098,988 1,233,878 2,728,582 1,212,636 263,572 563,639 688,735 6,265,022 3,634,532 2,157,694 1.462,700 191,014 819,082 16,022,027 15,832,990 189,037 990,932 671,386 319,546 325,953 206,969 118,984
33,933 27,629,347 21,248,563 27,242,201 136,839 1,296,359,650 1,149,106,208 1,258,338,650 10,333 166,927,613 154,591,037 164,051,477 1,466 40,274,946 37,273,436 39,934,644 1,295 24,017,407 22,658,332 23,718,888 752 14,542,731 12,346,221 14,231,365 1,361 21,370,935 20,273,522 20,947,098 1,485 8,971,925 8,418,142 8,895,423 476 8,590,399 7,455,388 8,366,595 31 7,419,656 6,543,288 7,336,962 112 9,938.236 9,588,608 9,592,324 1,460 11,474,113 11,288,370 11,030,614 1,895 20,327,265 18,745,730 19,997,564 29 14,417,945 13,911,941 14,058.126 3,216 30,101,387 23,201,157 29,632,023 586 14,253,862 10,988,348 14,007,142 1,049 5,316,262 4.253,653 5,246,101 1,581 10,531,263 7,959,156 10,378,780 10,449 31,809,300 27,326,344 31,402,423 1,532 10,512,302 9,052,854 10,308,549 5,546 15,543,072 13,230,206 15,388,928 1,296 2,012,793 1,664,869 2,000,374
2,654 13,051 4,007 4,773
Net income less deficit
19,920,276 925,111,030 127,366,866 34,555,910 19,470,599 10,479,360 16,567,477 5,758,006 6,169,689 4,806,667 6,976,077 7,320,988 15,262,093
5,171,922 6,045,748 3,981,466 2,064,282
3,477,260 1,168,649 1,083,281 85,368 1,070,049 1,238,562 285,103 225,584
1,369,716 939,986 459,003 171,107 309,876 1,096.223 423,849 452,449 66,556
Corporation Returns/1975
14
RETURNS OF ACTIVE CORPORATIONS Table 1.-Number of Returns, Receipts, Cost of Sales and Operatidns, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Minor industry
Number of returns With net income
Total
(2) 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 lu 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ~44 45 146 1411 , 4 491 50 1
Manufacturfing-Continued Stone, clay, and glass products .......................... Glass products ......................................... Cement, hydraulic ...................................... Concrete, gypsum, and plaster products ..... .......... Other nonmetallic mineral products ..................... Primary metal industries ........................................ Ferrous metal industries: miscellaneous primary metal products .................................................. Nonferrous metal industries .................................. Fabricated metal products ..................................... Meta cans and shipping containers ......................... l hand tools, and hardware~ screw machine products, Cutle ~, bolts, and similar products ................................. Plumbing and heating, except electric and warm air .......... Fabricated structural metal products .......................... Metal forgings and stampings ............................... Coating, engraving, and allied services ....................... Ordnance and accessories, except vehicles and guided missiles ................................................... Miscellaneous fabricated metal products ..................... Machinery, except electrical ... ................................ Farm machinery ............................................. Construction and related machinery .......................... Metalworking machinery ..................................... Special industry machinery .................................. General industrial machinery .............................. Office and computing machines ............................ Other machinery, except electrical ........................... Electrical and electronic equipment ............................. Household appliances ....................................... Radio, television, and communication equipment ............. Electronic components and accessories ................... ... Other electrical equipment ... ................................ Motor vehicles and equipment ................................. Transportation equipment, except motor vehicles ............... Aircraft, guided missiles and parts ........................... Ship and boat building and repairing .................. ....... Other transportation equipment, except motor vehicles ....... Instruments and related products ............. ................ Scientific instruments and measuring devices; watches and clocks .......... ......................................... Optical, medical, and ophthalmic goods ................. .... Photographic equipment and supplies ........................ Miscellaneous manufacturing and manufacturing not allocable ... Transportation and public utilities ........................ Transportation ................................................. Railroad transportation ...................................... Local and interurban passenger transit ....................... Trucking and warehousing ................................... Water transportation ......................................... Transportation by air .................................. Pipe lines, except natural gas ............................... Transportation services, not elsewhere classified ..... ....... Communication ................................................ Telephone, telegraph, and other communication services ..... Radio and television broadcasting ........................... Electric, gas, and sanitary services ............................ Electric services ............. .............................. Gas production and distribution ............................ _ Combination utility services .................................. Water supply and other sanitary services .................... Wholesale and retail trade ................................ Wholesale trade ............................................... Groceries and related products .............................. Machinery, equipment, and supplies ..... ........... ........ Miscellaneous wholesale trade ............................... Motor vehicles and automotive equipment ................. Lumber and construction materials ......................... Metals and minerals, except petroleum and scrap .......... Electrical goods ........................................... Hardware, plumbing, and healing equipment ............... Other durable goods ................. .................... Paper . and paper products ................................. Drugs chemicals, and allied products ...................... Apparel, piece goods, and notions ......................... 1,;,. 'e mj eum product andrawPatmaterial. ................................ roleum products ......................... Alcoholic beverages ....................................... Miscellaneous nondurable goods~ wholesale trade not allDcable ......................................... ......
Total receipts All Retu s with returns net mincome 13)
(4)
Elusiness receipt s
Cost of sales and operations
Net income less de fi cit
Net income
Deficit
Income subject to tax
(5)
(6)
(7)
(8)
(9)
(10)
10,136 1,356 117 5,372 3,291 4,135
6,638 722 109 3,315 2,492 2,866
27,261,285 8,653,892 2,540,039 8,910.652 7,156,702 82,038,913
22,169,188 7,795,483 1,526,373 7,235,583 5,611,749 65,610,618
26,589.002 8,446,585 2,475,744 8,688,143 6,978,530 79,828,412
18,119,756 5,775,183 1,638,120 6,040,325 4,666,128 59.366,206
1,043,795 383,045 63,117 251,526 346,107 2,634,913
1,255.454 413,484 80,641 359,274 402,055 3,092,037
211,659 30,439 17,524 107,748 55,948 457,124
1,154.292 393,876 80,036 303,492 376,888 2,775,171
1,519 2,616 28,666 182
1,171 1,695 17,614 151
51,728,410 30,310,503 60,414,180 6,766,873
41,714,329 23,896,289 53,108,856 6,717,440
50,665,532 29.162,880 59,348,401 6,636,429
37,030,160 22,336,046 42,046,317 4,838,882
1,955,024 679,889 3,438,115 289,066
2,190,004 902,033 3,905,426 295,406
234,980 222,144 467,311 -6,340
1,963,699 811,472 3,660,302 293,153
3,338 798 9,162 2,997 3,295
2,124 504 6,290 2,046 1,516
7,692,487 5,479,357 18,763,128 6,795,919 2,086,980
6,959,241 5,237,982 15,661,727 6,136,170 1,737,171
7,524,661 5,351,133 18,450,320 6,710,735 2,052,244
4,830,748 3,728,129 13,671,941 4,887,856 1,347,058
577,035 372,842 986,912 428,765 65,111
632,095 398,298 1,157,937 461,456 88,629
55.060 25,456 171,025 32,691 23.518
600,401 382,118 1,053,544 434,048 80,622
71 8,823 25,880 1,245 2,639 7,611 2,183 2,845 446 8,911 11,517 490 2,272 4,338 4,417 2,107 3.868 927 1,878 1,063 6,053
37 4,946 15,844 1,077 1,431 4,249 1,527 2,056 196 5,308 6,825 340 1,208 2,178 3,099 1,385 2,207 559 758 890 4,082
1,139,598 11,689,838 98,874,180 8,636,994 23.564,926 8,613,765 8,228,646 11,90,648 26,453,379 11,435,822 86,124,041 10,074,134 22,166,654 18,330,525 35,552,728 96,215,251 40,997,240 32,574,963 3,725,066 4,697,211 23,261,781
1,063,135 9,595,990 90,110,264 7,919,718 23,024,935 6,612,346 7,419,203 10,976,754 25,604,861 8,552,447 77,175,212 7,273,174 21,057,952 15,002,613 33,841,473 56,071,012 38.289,351 31,270,277 3,031,567 3,987,507 20,947,763
1,114,681 11,508,198 93,592,666 8,303,103 22,748,442 8,422,125 7,873,849 11,553,161 23,486,398 11,205.588 82,624,089 9,755,858 20,809,809 17,675,534 34,382,888 94,079,308 39,459,389 31,320,415 3,615,361 4,523,613 22,140,347
799.087 7,942.616 60,558,363 5,864,379 16,054,934 5,611,229 5,175,118 8,034,901 11,947,781 7,870,021 57,224,230 6,843,010 14,391,546 12,467,226 23,522,448 71,159,809 30,289,714 24,055,738 2.805,058 3,428,918 13,583,147
56,455 661,929 7,875,750 367,621 1,961,834 359,899 445,673 683,320 3,632,038 425,365 3,482,970 408,817 719,347 686,516 1,668,290 2,687,185 1,288,663 1,030,073 90,678 167,912 1,916,109
68.930 802,675 8,380,594 393,966 1,993,117 485,352 511,425 741,733 3,708,392 546,609 4,057,709 525,442 835,389 907,639 1,789,239 3,317,246 1,492,374 1.119,803 156,788 215,783 2,091,572
*12,475 140,746 504,844 26,345 31,283 125,453 65,752 58,413 76,354 121,244 574,739 116,625 116,042 221,123 120,949 630,061 203,711 89,730 66,110 47,871 175,463
57,246 759,170 8,037,392 372,444 1,943,146 442,493 466,054 700,552 3,659,308 453,395 3,772,758 512,956 753,029 798,863 1,707,910 3)78,265 1,330,354 974,173 152,565 203,616 2,014 ,699
2,155 3.224 674 12,516 80,701 63,644 424 8,777 35,109 4,452
1,617 2,257 208 7,601 45,360 34,902 236 4,718 20,254 3,336 ...
9,459,014 7,439,870 6,362,897 21,393,453 243,480,637 99,491,945 22,155,633 2,397,569 33,417,442 7,180,947 - . ------
8,994,193 7,075,983 6,070,171 20,894,333 234,689,427 94,280,877 19,661,997 2.317,255 32,569,268 6,790,433 20,54,853 4,351,681 8,079,390 54,162,888 47,778,712 6,384,176 86,245,662 28,364,180 31,488,608 23,934,824 2,458,050 951,463,550 501,987.778 85,227,317 61,147,976
5,777,104 4,212,033 3,594,010 14,228,739 143,932,463 65,225,949 14,419,596 1,459,522 21,429,374 4,605,899 13,847,319 3,562,637 5,901,602 26,119,078 22,490,272 3,628,806 52,587,436 15,444,466 22,063,435 13,791,860 1,287,675 745,299,204 421,471,971 75,261,861 45,709,071
443,093 573,267 899,749 924,578 10,099,571 1,482,375 -22,239 46,533 862,780 317,259 -154,703 293,707 139,038 3,548,478 3,001,815 546.663 5,068,718 1,760,838 2,183,670 1,012,223 111,987 22,489,430 13,928,520 1,038,131 3,844,840
522,619 629,157 939,796 1,112,962 12,088,189 3,164,673 626,886 86,013 1,222,071 458,227 194,473 361,829 215,174 3,741,247 3,087,809 653,438 5,182,269 1,799,174 2,198,103 1,036,770 148,222 27,681,721 16,108,821 1,183,987 4,135,716
79.526 55,890 40,047 188,384 1,988,618 1,682.298 649,125 39,480 359,291 140,968 349,176 '68,122 76,136 192,i69 85,994 106,775 113,551 38,336 14,433 '24,547 36,235 5,192,291 2,180,301 145,856 290,876
486,187 602,992 925,520 1,009,046 11,125,577 2,767,798 605,916 62,564 1,071,195 394,971 124,323 353,293 155,546 3,592,457 2.977,405 615,052 4,765,322 1,648,195 2,135,999 857,822 123.306 19,807,361 9,890,751 938,280 2,142,782
1,743,569 163,720 117,848 162,371 97,980 74,588 323, 824 16.226 62,497 146,367 186,668 187,606 36,985
6,809,689 687,707 297,468 593,452 508,381 494,085 1,023,236 184,742 359,173 341,873 591,186 709,965 384,199
~,44J
i,jbv
278 9,161 8,423 3,691 4,732 8,634 383 1,356 31 6,5841 614,632 219,769 20,418 46,455
256 4,733 5,016 2,633 2,383 5,442 348 1,135 159 3,800 399,668 157,155 14,932 34,251
4,403,596 8,399,864 55,155,014 48,518,871 6,636,143 88,833,678 28,739,217 32,356,557 24,985,593 2,752,311 969,938,872 510,013,041 86,123,173 62,649,787
8,317,221 6,871,984 5,758,558 18,880,949 201,345,705 64,075,134 14,986,120 1,650,092 24,560,128 5,347,573 6,916.579 4,159,735 6,454,907 53,949,096 47,962,687 5,986,409 83,321,475 27,886,585 31,119,313 21,864,776 2,450,801 821,854,576 444,811,350 76,348,331 57,024,045
152,896 18,661 9,940 4,820 13,196 10,196 31,102 4,996 7,068 9,396 7,671 9,992 4,681
107,972 14,858 6,786 3,534 9,676 7,885 19,808 3,613 5,229 5,677 5,866 7,443 3,622
361,240,081 27,741,084 16,108,139 21,003,376 19,919,446 17,315,204 49,922,629 9,003,784 18,853,978 12,124,165 66,895,612 44,823,502 16,209,544
311,438,974 24,363,170 12,970,395 17,967,790 17,406,711 15,174,224 43,597,996 8,129,480 17,613,633 0 638 318 3575 1 ,' 051,' 47 8,917,389 4,860,148
355,612,485 27,362,055 15,855,075 20,697,427 19,663.420 17,041,592 48,874,672 8,889.728 18,558,446 12 004 002 65,902.682 ' ' 44,098,692 16,113,682
300,501,039 21,378,472 12,929,178 17,856,396 14,929,076 12,962,418 40,361,558 6,784,752 14,954,546 9,231.152 62,218,507 39,706,784 12,672,675
9,045,549 1,017,999 308,913 661,423 911,464 526,014 1,243,929 325,514 1,086,522 301 043 717,678 ' 712,093 452,019
10,789,118 1,181,719 426,761 823,794 1,009,444 600,602 1,567,753 341,740 1,149,019 447,410 904,346 899,699 489,004
21,177
13,975
41,319,618
32,294,573
40,551,012
34,515,525
780,938
947,827
Z1 bJb,1JV4
Footnotes at end of table. See text for —Explanation of Terms" and "Description of the Sample and Limitations of the Data."
166,889 1
634,222
Corporation Returns/1975
is
RETURNS OF ACTIVE CORPORATIONS Table I.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Number of returns With net income
Minor industry
Total
(2)
(1) Wholesale and retail trade-Continued 51 Retail trade ................................................... 52 Building materials. garcI0 supplies, and mobile home dealers ................................................... 53 Building materials deal is ................................ 1 154 Hardware stores .......................................... 55 Garden supplies and mobile home dealers ............. ... 16 General merchandise stores ................................. 157 Food stores ................. .............................. 158 Automotive dealers and service stations ..................... 159 Motor vehicle dealers ..................................... 160 Gasoline service stations .................................. 161 Other automotive dealers .................................. 62 Apparel and accessory stores ............................... Z Furniture and home furnishings stores ....................... 164 Eating and drinking places .................................. 165 Miscellaneous retail stores .................................. 166 Drug stores and proprietary stores ......................... 167 Liquor stores .................... ........................ 168 Other retail stores ........................................ 169 Wholesale and retail trade not allocable .......... ............ 170 Finance, insurance, and real estate ...................... 171 Banking ......................... ............................. 172 Mutual savings banks ....................................... 173 Bank holding companies ....... ...................... 174 Banks, except mutual savings banks and bank holding companies ......................... ...................... 175 Credit agencies other than banks .............................. 176 Savings and loan associations . ~ ............................. 177 Personal credit institutions ................................... 178 Business credit institutions ................................... 179 Other credit agencies; finance not allocable ........ ......... 180 Security, commodity brokers and services ...................... 181 Security brokers and dealers ................................ 182 Commodity contracts brokers and dealers: security and commodity exchanges; and allied services ............. I .... 183 Insurance ..................................................... 184 Life insurance ............................................... 185 Mutual insurance, except life or marine and certain fire or flood insurance companies ................................. 186 Other insurance companies .... ............................. 187 Insurance agents, brokers, and service ........................ 188 Real estate ................................................... 189 Real estate operators and lessors of buildings ............... 190 Lessors of mining, oil, and similar property .................. 191 Lessors of railroad property, and of real property, not elsewhere classified ....................................... 192 Condominium management and cooperative housing S association . .............................................. 193 bdividers and developers .................................. 194 Other real estate ............................................ 195 Holding and other investment companies, except bank holding companies .......................................... 196 Regulated investment companies ............................ 197 Real estate investment trusts ......... I............ ... -... 198 Small business investment companies ....................... 199 Other holding and. investment companies, except bank holding compan: as ..................... .................. 200 Services .................................................... 20 Hotels and other lodging places ............................... 2021 Personal services ............................................. 203 Business services ............................................. 204 Advertising .................................................. 205 Business services, except advertising ........................ 206 Auto repair; miscellaneous repair services ...................... 207 Auto repair and services .................................... 208 Miscellaneous repair services ................................ 209 Amusement and recreation services ........................... 210 Motion picture production, distribution, and services .......... 211 Motion picture theaters ...................................... 212 Amusement and recreation services, except motion pictures ............................ ...................... 213 Other services ........ : ....................................... Offices 214 of physicians, including osteopathic physicians ........ Offices of dentists ............. ......... .................. 215 216 Nursing and personal care facilities ........... .. ........... 217 Medical laboratories ..................... ................... 218 Other medical services ........ ............................. Legal services . ............................................. 219 220 Educational services ..................................... 221 Miscellaneous services, not elsewhere classified ............. 222 Nature of business not allocable .........................
Total receipts All Returns with returns net income (4)
(3)
Business receipts
Cost of sales and operations
Net income less deficit
Net income
Deficit
Income subject to tax
(5)
16)
(7)
(8)
(9)
(10)
394,6147
242,40
459.716,195
376,864,620
449,268,917
323,670,400
8,551,498
11,562,260
3,010 ,762
9,906, 133
32,231 16,641 9,486 6,104 10,291 29,997 67,634 32,322 14,960 20,352
22,215 12,905 6,534 2,776 6,729 18,452 43,602 21,636 9,580 12,386
36,802 35,546 76,935 105,211 21,099 12,279 71,833 216 411,846 14,118 468 649
24,145 22,007 41,579 63,678 12,926 7,615 43,137 * 106 243,409 10,821 426 436
24,528,003 17,050,482 3,850,744 3,626,777 82,393,896 113,209,989 111,182,459 85,741,551 14,111,090 11,329,818 21,076,120 18,398,837 30,445,245 58,481,646 16,655,410 5,215,801 36,610,435 209,636 315,795,981 90,637,012 6,337,464 53,550,310
19,471,895 13,628,341 3,442,749 2,400,805 75,007,716 89,863,740 88,678,594 68,838,041 10,887,127 8,953,426 17,747,852 14,567,879 22,699,644 48,827,300 13,862,950 4,283,696 30,680,654 '178,606 238,348,862 69,465,442 7,655,088 40,335,462
23,940,596 16,703,240 3,793,363 3.443,993 78,178,025 112,074,696 109,542,094 84,443,472 13,967,953 11,130,669 20,632,783 17,716,057 29,837,416 57,347,250 16,451,073 5,173,662 35,722,515 206,855 157,126,715 11,942,549 259,436 9,305,048
17,422,379 12,221,404 2,561,969 2,639,006 50,767,503 88,510,350 91,511,196 72,063,570 11,426,412 8,021,214 12,206,634 11,175,611 13,569,343 38,507,384 11,569,882 4,134,730 22,802,772 'l 56,833 84,614,209 3,449,984 58,570 3,325,356
633,302 480,163 141,645 11,494 2,401,753 1,318,632 965,443 636,000 147,734 181,709 738,130 242,631 650,674 1,600,933 389,041 67,376 1,144,516 9,412 11,663,330 2,778,387 281,439 1,667,014
848,876 595,638 165.238 88,000 2,914,503 1,700,875 1,404,741 881,217 219,147 304,377 945,949 530,414 1,148.120 2,068,782 470,979 102,323 1,495,480 * 10,640 18,825,003 3,703,327 304,777 2,073,447
215 .574 115,475 23,593 76,506 512.750 382,243 439,298 245,217 71,413 122,668 207,819 287,783 497,446 467,849 81,938 34,947 350,964 *1,228 7,161,673 924,940 23,338 406,433
687 ,012 484,620 132,084 70 ,308 2,782,156 1,550.149 1,118,684 711,564 185,036 222,084 778,692 431 ,889 850,540 1,707,011 399,630 73,716 1,233,665 *10,477
13,001 52,873 5,013 4,238 1,085 42,537 4,580 2,278
9,959 32,361 4,175 2,929 563 24,694 2,500 1,457
28,749,238 40,920,263 23,978,694 7,324,224 2,513,169 7,104,176 6,484,077 5,625,829
21,474,892 35,186,178 20,538,699 6,300,002 2,387,161 5,960,316 5,903,635 5,223,319
2,378,065 10,273,448 1,349,852 5,562,589 1,633,230 1,727,777 2,553,507 1,889,961
66,056 4,508,241 243,825 3,233,930 459,471 571,015 154,281 87,370
829,934 1,293,015 703,911 329,614 183,843 75.647 631,064 564,080
1,325,103 2,064,276 860,196 402.712 209,954 591,414 715,269 620,351
495,169 771,261 156,285 73,098 26 ,111 515,767 84,205 56 ,271
1,260,057 1 ,867,951 827,666 374,073 206,354 459,858 612,685. 551 ,457
2,302 7,133 1,727
1,043 4,734 1,129
858,248 135,482,425 79,332,347
680,316 99,032,325 74,873,272
663,546 109,727,641 60,373,063
66,911 68,976,087 35,094,506
66,984 3,114,437 4,355,249
94,918 5,231,845 4,581,289
27,934 2,117,408 226,040
61,228 4,271,354 4,020,165
1,122 4,284
15,489,701 40,660,377 7,242,138 26,919,507 14,394,473 226,903
6,174,645 17984,408 5,579,933 17,317,387 9,472,008 203,777
13,948,762 35,405,816
35,950 255,603 166,985 784
782 2,823 23,223 145,212 103,774 493
9,793,875 24,087,706 1,708,106 5,337,527 l-,958J26
-382,133 -858,679 411,852 652,312 783,603 86,864
107,343 543.213 551,888 2,754,837 1,710,329 88,423
489,476 1,401,892 140,036 2,102,525 926.726 '1,559
61 ,326 189.863 412,743 2,097,107 1,466,225 86,784
6,183
4,560
218,755
181.304
85,625
9,598
39,962
63 ,347
23 ,385
57.GG0
4,367 26,095 51,189
834 12,994 22,557
339,367 4,567,537 7,172,472
59,611 2,875.763 4,524,924
290,174 1,998,873 6,379,310
10,364 1,167,270 2,183,472
-29,319 -220,705 -8,093
2,051 530,992 359,695
31,370 751,697 367,788
'363 278,226 208,509
41,589 725 325 380
24,558 624 205 82
8,110,559 3,066,635 1,429,404 45,908
5,863,962 2,917,735 402,210 24,471
1,094,882 211 12,417 2,040
479,983 489 -
2,782,263 2,544,523 -439,848 -7 ,644
3,803,561 2,552,556 74,299 6,098
1,021,298 8,033 514 ,147 13 ,742
507,428
40,159 435,672 16,047 37,666 110,294 12,983 97,311 50,015 34,986 15,029 37,901 5,457 3,526
23,647 249,641 7,961 22,935 62,238 6,563 55,675 30,634 21,366 9,268 18,167 2,191 2,239
3,568,612
2,519,546 99,483,296 5,848,680 6,655,740
1,080,214 125,747,462 8,557,063 8,254,725 36,611,419 9,270,834 27,340,585 12,533,369 9,498,577 3,034,792
685,232 3,396,744 55,633 316,646 1,164,125 230,134 933,991 305,544 179,438 126,106 674,050 307,593 58,616
6,025,592 400,721 413,689 1,931,970 282,704 1,649,266 525,883 370,814 155,069 1,112,584 381,463 101 ,032
485,376 2,628,848 345,088 97,043 767.845 52,570 715,275 220,339 191,376 28,963 438 ,534 73, 870 42, 416
504,669 4,468,681 279 ,149 313,323 1,454,544 240,658 1,213,886 400 ,772 278 ,838 121,934
15,727,988 4,889,509 2,141,675
479,494 63,724,869 4,333,078 4,339,996 20,875,848 6,900,006 13,975,842 6,690,461 4,779,718 1,910,743 8,358,515 2,539,811 1,179,079
1,170,608
131,377,364 9,216,277 8,445,394 38,444,277 9,446,076 28,998,201 13,080,128 10,013,185 3,066,943 17,062,679 5,391,553 2,291,614
28,918 183,749 48,659 15,029 6,145 2,646 9,980 9,974 8,610 82,706 1,701
13,737 107,706 39,634 11,884 4,380 1,713 6,649 5,945 4,519 32,982 814
9,379,512 4~,128,609 12,424,679 2,721,652 4,319,245 809,477 4,976,536 2,344,660 1,595.577 15,936,783 691,731
8,696,804 44,062,898 12,354,670 2,704,025 4,214,122 797,392 4,824,270 2,324,724 1,540,54G 15,303,155 656,476
4,639,625 19,126,971 2,727,600 822,851 2,606,613 434,128 2,579,796 287,881 669,785 8,998,317 491,079
307,841 880,746 254,195 64,969 164,093 34,916 129.256 47,701 58,948 126,668 23,121
630,089 1,640,745 309 ,495 79,831 198,615 44,928 186,199 70,158 94,902 666,617 40,352
322,248 759, 999 55, 300 14, 862 34, 522 10,012 56, 943 22, 457 25, 954 539,949 17,231
483,272 1 ,160 ,829 277 ,389 71 .838 117 ,688 26 ,373 145 ,350 49 ,223 58 ,832 414,136 18,474
6 ootnotes at end of table. See text for "Explanation of Terms" and "Do cription of the
ample and Limit tions of the Do
30,466,639 7,981,163 22,485,476 9,822,635 7,345,531 2,477,104 12,968,970 4,667,586 1,643,622 6,657,762 33,720,632 10,538,972 2,193,251 3,391,457 693,618 3,953,1168 1,706,421 1,159,216 10,081,829 457,926 "
6-,96q,290 4,566,39& 5,736,738 75,678
13,141,553 3,372,285 169,698 1 , 942,530
'906 1 ,746
660 ,064 296 ,058 80 ,734
Corporation Returns/1975
16
RETURNS OF ACTIVE CORPORATIONS Table 1.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars]
Minor industry
Total income tax
(11) 1 Total returns of active corporations ...................... 2 Agriculture, forestry, and fishing ......................... 3 Agricultural production .............. .......................... 4 Agricultural services, forestry, and fishing ...................... 5 Mining ...................................................... 6 Metal mining ... _ ............................................. 7 Iron ores ................................................... 8 Copper, lead and zinc, gold and silver ores .................. 9 Other metal mining .......................................... 10 Goal mining ................................................... 11 Oil and gas extraction ......................................... 12 Crude petroleum, natural gas, and natural gas liquids ........ 13 Oil and gas field services ............... ................... 14 Nonmetallic minerals, except fuels ............................. 15 Dimension, crushed, and broken stone; sand and gravel ..... 16 Other nonmetallic minerals, except fuels ..... ............... 17 Construction ............................................... 18 General building contractors and operative builders ............. 19 General building contractors ................................. 20 Operative builders .......... .......................... 21 Heavy construction contractors ................................ 22 Special trade contractors ..... ......... ................... 23 Plumbing, heating, and air conditioning ........................ 24 Electrical work ....... ........ .................... : ....... 25 Other special trade contractors and contractors not allocable .... ............................................. 26 Manufacturing .............................................. 27 Food and kindred products .................................. 28 Meat products .............................................. 29 Dairy products ....................... ............. ........ 30 Preserved fruits and vegetables .......... .................. 31 Grain mill products ......... ..................... .......... 32 Bakery products ........................ .................... 33 Sugar and confectionery products ............ _ _ ... ....... ................. 34 Malt liquors and malt ....... .......... 35 Alcoholic beverages, except malt liquors and malt ........... 36 Bottled soft drinks, and flavorings .................... 37 Other food and kindred products - ......................... 38 Tobacco manufactures ........ ............................... 39 Textile mill products ........... .... I ..... I .......... I ....... 40 Weaving mills and textile finishing ........................... 41 Knitting mills .......... ................ .................... 42 Other textile mill products ... .............. ...... ......... 43 Apparel and other products ... ......................... ..... textile ....... . 45 Worimm 's and ch,1d,. ` 'ifs clothing ........... ...... ........ 46 Other apparel and accessories ............................ 47 Miscellaneous fabricated textile products; textile products, not elsewhere classified ................................... 48 Lumber and wood products ............................. - ... 49 Logging, sawmills, and planing mills .. ....................... 50 Millwork, plywood, and related products ...................... 51 Other wood products, including wood buildings and mobile homes .............. ........................ ... ..... 52 Furniture and fixtures ............................. 53 Paper and allied products ........ ............................ .... 54 Pulp. paper, and board mills . . ~ .................. 55 Other paper products .............................. ........ 56 Printing and publishing ............................. ......... Newspapers ................................................ 57 58 Periodicals ............................................... 59 Books, greeting cards, and miscellaneous publishing ...... 60 Commercial and other printing and printing trade services .... 61 Chemicals and allied products ................................. 62 Industrial chemicals, plastics materials and synthetics ........ 63 Drugs ..................... ......... ....................... 64 Soap, cleaners, and toilet goods ................ ........... 65 Paints and allied products ............. ..................... 66 Agricultural and other chemical products ..................... 67 Petroleum (including integrated) and coal products ............. 68 Petroleum refining (including integrated) ...................... 69 Petroleum and coal products, not elsewhere classified ....... 70 71 72 73 74 75
Rubber and miscellaneous plastics products ......... ......... Rubber products; plastics footwear, hose and belting ......... Miscellaneous plastics products .............................. Leather and leather products ............. ............... .... Footwear, except rubber . .............................. .... Leather and leather products, not elsewhere classified .......
66,144,308 354,747 318,888 35,859 11,411,846 74,819 28,961 39,067 612,957 10,600,805 10,233,105 367,700 123,265 62,370 60.895 1,332,299 441,511 407,700 33,811 467,419 423,369 91,663 80,694 251,012 32,475,947 3,390,945 367,795 388,244 290,338 553,258 191,704 314,614 166,763 197,775 510,624 409,830 656,947 430,343 216,237 75,266 138.840 484,281 195,1,14 197,592 27,718 63,957 366,889 121,391 149,046
Foreign tax credit
Investment credit
(12)
Total income tax site credits
(13)
19,987,724 3,308 3,283 10,196,770 8,248 5,454 '2.704 90 89,283 10,073.453 9,953.955 119,498 *25,786 '25.612 52,834 25,346 25,209 137 21.034 6.454 1 6,400 8,583,123 361,161 11,006 40,436 26,479 79,465 3,611 14,088 114 32,599 128,152 25,211 128,669 9,326 4,855 3,944 8,257 6,1111 954 36
9,833 -7,101 2,530
(14)
6,459,746 56,768 48,117 8,651 163,766 10,821 *3.824 '441 60,284 75,116 23,474 51,642 17,545 15,131 2,414 147,424 36,413 35,068 1,345 69,754 41,257 8,126 3,278
Distributions to stockholders except in own stock Returns Total with net income (15)
39,691,517 294,584 267,401 27,183 1,051,138 55,739 *19,673 29,806 '6,260 463,363 452,106 255,676 196,430 79,930 47,065 32,865 1,131,960 379,731 347,403 32,328 376,611 375,618 77,407
45,224,392 244,524 201,222 43,302 1,015,895 186,013 '31,946 141,619 12,448 310,171 380.720 320,937 59,783 138,991 56.148 82,843 464,553 154,468 139,569 14.879 127,924 182,161 44,322 38,951
(16)
Total assets
Net worth
Depreciable assets
(17)
J18)
(19)
42,222,830 4,286,556,273 1,097,064,806 1,276,564,500 12,044,145 232,096 21,177,941 6,844,949 189,896 18,443,042 6,019,193 9.961,426 42,200 2,734,899 825,756 2,082,719 906,124 64,505,341 32,765,690 32,006,156 116,546 10,097,824 5,901,152 5,418,938 '24,767 2,475,072 1,085,112 1,819,651 4,619,444 79,331 6,863,264 3,185.935 759,488 12,448 196.596 413.352 4,437,460 5,490,023 308,971 8,899,365 19,418,277 16,040,479 367,314 39,701,815 307,643 15,787,946 11,207,800 30,242,482 9,459,333 3,630,331 4,832,679 59,671 3,008,801 5,056,716 113,293 5,806,337 2,898,703 1,550,773 2,850,714 55,394 57,899 2,907,634 1,458,028 2,206,002 425,163 76,691,947 19,029,077 28,435,327 134,713 39,368,084 6,407,634 9,557,528 121,457 34,155,273 6,014,413 8,661,425 13.256 5,212,811 393,221 896,103 119,681 16,644,007 6,125,800 10,808,266 170,769 20,679,856 6,495,643 8,069,533 42,269 6.045,122 1,760,600 ~ :,62 420 - 1,119,843 32,261 3,528,929 07.781 1-
29,853 2,864,625 270,300 42,796 37,554 19,894 37,018 16,715 16,233 24,414 14,364 31,414 29,898 34,808 51,017 31,381 7,022 12,614 17,933
214,736
98,888
21,024,964 2,759,209 313,859 310,232 243,950 436,764 171,362 284,242 142,235 150,812 351,043 354,710 493.456 369,910 179,975 67,688 122,247 457,969
3,615,200 442,587,674 36,331,962 31921,483 4,428,399 5,559,377 4.461,924 1,808,973 2,582,156 2.224,531 3,406,462 3,596,616 4,342,041 7,505,636 9,456,002 5,499,106 1,246,014 2,710,882
189,721 26,539
96,219 19,114,808 1,536,258 :155,926 211,790 152,561 263,629 66,363 113,516 68,227 83,795 251,931 168,520 350,884 188,115 125,255 16,828 46,032 124,802 37,0151 77,097 3,091
11,105,805 944,581,970 75,310,541 10.066,682 9,216,639 10,790,700 9,189,760 3,660,464 5,165,688 4,027,410 7,618,252 6,513,939 9,061,007 15,051,926 19,138,761 10,061,092 3,196,545 5,881,124
6,889 1,086
19,973,061 1,550,198 158,099 213,943 154,477 264,758 67,025 117,352 68,285 83,975 252,075 170,209 355,097 212,299 143,639 17.316 51,344 134,464 -A'. 79,969 4,157
13,772,322 ~15,204,112 6,010,749 860,400
3,377 78,946 35,613 33,405
60,218 278,028 78,642 113,072
6,920 345,549 169,410 126,876
6,629 326,878 161,922 125,551
86,314 182,032 753,854 310,916 442,938 1,108,911 518,860 92.197 235,271 262,583 2,843,276 1,200,329 777.056 512,796 76,506 276,589 2,064,075 1,988,755 75,320 329,693 213,822 115,871 139,978 91,997 47,981
49,263 56,674 708.873 345,865 363,008 597,690 294,700 72.761 127,714 102,515
39.405 54,548 703,133 340,988 362,145 591,702 291,901 72,361 126,331 101,109 2,573,052 1,084,176 794,204 442,718 40.369 211,585 5.046,499 5,017,328 29,171 287,923 259,023 28,900 54.951 42,938 12,013
96,452 195.717 1,024.046 464,264 559,782 1,230,340 557,707 117,402 261,427 293,804 3,900,973 1,716,540 1.023,027 696,785 83,669 380,952 7,640.623 7,553,172 87,451
2.603 110,891 64,390 46,501 39,529 6,847 17,778 12,626 2,278 640.162 221,429 200,250 160,731 2,706 55,046 5.067,480 5,062,734
9,928 11,041 159,233 88,941 70,292 81,820 31,990 7,419 13,523 28,888 417,402 294,727 45,693 23,222 4,447 49,313 509,056 501,680 7,376
446,503 314,706 131,797 147,462 96,425 51,037
59,355 58,631 724 1,612 1,235
57,351 42,212 15,139 5,792 3.163 2.629
Footnotes at end of table. See text for "Explanation of Terms" and "Descr.ption of the Sample and Limitations of the Data."
2,705,381 1.127,481 880,635 443,358 40,780 213,127 5,051,375 5.022,061 29,314 290,094 259,214 30,880 67,107 54,988 12,119
Depreciation deduction
(20) 86,295,664 1,059,799 85B,301 201,498 2,166,642 309,759 92,071 189,436 28,252 577,846 920,507 465,302 455,205 358,530 239,200 119.330 2,846,195 818,772 759,856 58,916 1,090,087 937,336 . _ 175,391 08,652
6,159.130
5,440,332 500,263,386 38,716,869 5,372,084 4,861,626 4,266,046 4,815,931 2,478,469 2,811,457 3,536,723 2,166,691 3,976,988 4,430,854 3,782,044 12,479,209 7,293,145 1,641,800 3,544,264 3,468,735
653.293 34,663,115 2,851,285 477,316 365,647 294,315 308,974 176,753 172,473 251,661 142,051 371,100 290,995 290,239 875,400 497,090 130,203 248,107 286,172
1--
I - -
11`19 IA.
2,466,457 374,423
1,487,073 191,554
122,323 12,876
1,697,061 24,557,729 10,938,995 8,916,004
794,582 10,969,057 5.239,361 3,820,085
526,623 15.086,656 7,091,289 5,581,339
44,724 1,170,506 546,373 440,285
4,702,730 5,665.636 27,907,971 16,025,055 11,882,916 27,313,008 10,317,093 3,237,600 6,760,748 6,997,567 83,479,628 43,518,751 18,674.380 8,409,447 2,052,659 10.824,391 176,164.B45 174,595.982 1,568.863 17,272,327 13,074,749 4.197,578 4,370,219 3,096,194 1,274,025
1,909,611 2,729,513 14,676,445 7.981,525 6,694,920 14,110,054 6,339,956 060,334 2,869,609 3,540,155 42,783,450 21,771,502 10,157,691 5,003,057 1,095,350 4,755,850 88,296,715 87,404.313 892,402 7,519,505 5,754.747 1,764,758 2,151,988 1,460,236 691,752
2,414,028 2,583,700 20.983,960 12,168,363 8.815.597 13,984,810 5,802,659 1.481,578 1,846,052 4,854.321 56,112,821 37,663,658 7.442,240 3.145,400 945,261 6,916,262 89.925.248 88.980,027 945,221 10.273,603 7,629,190 2,644,413 1~466,716 987.769 478,947
183.848 196.869 1,378,113 760,284 617,829 1,089.239 433,487 109,114 172,445 374,193 3,777,231 2,508,57C 493,62~ 235,7K 67.43 471,87E 4.150,7K 4,079,45~ 71,33( 864,50~ 608.21 256,27~ 108.27~ 73.17; 35,10
Corporation Returns/1975
17
RETURNS OF ACTIVE CORPORATIONS Table i.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars]
Minor industry
Manufacturing-Continued 76 Stone, clay, and glass products .......................... 77 Glass products . ........................................ 78 Cement, hydraulic ...................................... 79 Concrete, gypsum, and plaster products ................ 80 Other nonmetallic mineral products ..................... 81 Primary metal industries ..... ............................ 82 Ferrous metal industries; miscellaneous primary metal products .............................................. 83 Nonferrous metal industries ............................. 84 Fabricated metal products ................................ 85 Metal cans and shipping containers .................... 86 Cutlery, hand tools, and hardware; screw machine products, bolts, and similar products .................. 87 Plumbing and heating, except electric and warm air .... 88 Fabricated structural metal products .................... 89 Metal forgings and stampings .......................... 90 Coating, engraving, and allied services ................. 91 Ordnance and accessories, except vehicles and guided missiles .......... ............................ 92 Miscellaneous fabricated metal products ................ 93 Machinery, except electrical .............................. 94 Farm machinery ......... .............................. 95 Construction and related machinery .................... 96 Metalworking machinery ................................ 97 Special industry machinery ............................. 98 General industrial machinery ....................... .... 99 Office and computing machines ........................ 100 Other machinery, except electrical . ~ .................... 101 Electrical and electronic equipment ....................... 102 Household appliances ........................ .... 103 Radio, television, and communication equipment ....... 104 Electronic components and accessories ........... .... 105 Other electrical equipment .............................. 106 Motor vehicles and equipment .... .................... 107 Transportation equipment, except motor vehicles ......... 108 Aircraft, guided missiles and parts ...................... 109 Ship and boat building and repairing ................... 110 Other transportation equipment, except motor vehicles . 1 Instruments iand related products . ........................ 11 112 Scientific ristruments and measuring devices; watches and clocks .................................. 113 Optical, medical, and ophthalmic goods ................ 114 Photographic equipment and supplies .................. 115 Miscellaneous manufacturing and manufacturing not allocable ................................................ 116 Transportation and public utilities ........................ 117 Transportation ............................................ 118 Railroad transportation .................................. 119 Local and interurban passenger transit ................. 120 Trucking and warehousing .............................. 121 Water transportation .............. ..................... 122 Transportation by air ................................... 123 Pipe lines, except natural gas .......................... 124 Transportation services, not elsewhere classified ...... 125 Communication ........................................... Telephone. telegraph, and other communication 126 services .............................................. 127 Radio and television broadcasting ...................... 128 Electric, gas, and sanitary services ........... ........... 129 Electric services ... 130 Gas production and distri1bubon ' ' * ..* .......* ....... .....* 131 Combination utility services ............................. 132 Water supply and other sanitary services ............... 133 Wholesale and retail trade ................................ 134 Wholesale trade .......................................... 135 Groceries and related products ......................... 136 Machinery, equipment, and supplies .................... 137 Miscellaneous wholesale trade ......................... 138 Motor vehicles and automotive equipment ............ 139 Lumber and construction materials ................... 140 Metals and minerals, except petroleum and scrap ... 141 Electrical goods ...................................... 142 Hardware, plumbing, and heating equipment ......... 143 Other durable goods ............... ................. 44 Paper and paper products ........................... 45 Drugs, chemicals, and allied products ... ... ...... I ... 146 Apparel, piece goods, and notions ................... 147 Farm-product raw materials ........... .............. 148 Petroleum and petroleum products ................... 149 Alcoholic beverages .................................. 150 Miscellaneous nondurable goods; wholesale trade not allocable .......................................
Total income tax
Foreign tax credit
Investment credit
Total income tax after credits
(11)
(12)
(13)
(14)
Distributions to stockholders except in own stock Returns Total with net income (15)
(16)
Total assets
Net worth
Depreciable assets
Depreciation deduction
(17)
(18)
(19)
(20)
519,271 182,424 37,359 128,448 171,040 1,286,220
60,135 28,983 1,339 '10,841 18,972 173,276
89,472 34,486 10,399 24,749 19,838 160,214
369,588 118,889 25,618 92,854 132,227 952,591
392,484 131,052 57,176 96,065 108,191 1,249,171
340,519 131,039 43,295 87,111 79,074 1,062,355
23,264,273 7,248,744 3,422,461 6,601,646 5,991,422 79,364,162
11,803,942 3,887,949 1,646,756 3,064,711 3,204,526 38,564,814
18,587,691 5,572,374 3,267,888 5,746,731 4,000,698 60,994.218
1,261,563 400,484 167,199 422,843 271,037 2,976,776
918,547 367,673 1,650,044 136,499
78,640 94,636 124,369 27,127
124,228 35,986 124,725 24,551
715,560 237,031 1,400,567 84,805
738,540 510,631 586,371 111,600
656,951 405,404 576,124 111,598
42,335,601 37,028,561 38,855,968 4,771,193
22,618,945 15,945,869 18,880,887 2,294,172
42,011,224 18,982,994 20,179,853 3,225,368
2,035,274 941,502 1,505,666 243,029
275,154 177,974 467,523 197,747 33,505
27,405 25,699 27,862 8,000
15,530 13,214 32,198 11,698 6,225
232,206 138,952 407,368 177,987 27,220
147,017 57,369 115,609 36,430 21,085
145,337 57,301 113,235 36,333 18,439
5,445,175 3,594,366 11,582,474 3,941,932 1,379,526
3,164,853 1,760,439 5,001,098 1,986,626 574,361
2,757,803 1,872,744 5,179,342 2,352,243 969,897
221,938 124,360 383,940 168,710 75,133
27,081 334,561 3,762,478 172,980 917,729 187,916 212,946 321,976 1,756,025 192,906 1,758,418 245,086 348,818 368,979 795,535 1,564,767 625,210 461,477 69,868 93,865 946,012
1,010 7,213 1,041,653 14,095 134,581 20,090 26,795 51,967 786,123 8,002 323,593 23,818 123,473 62,501 113,801 160,405 55,436 46,201 130 9,105 171,842
1,610 19,699
11,284 85,977 2,029,574 76,449 410,775 73,803 89,571 120,724 1,154,828 103,424 1,273,930 151,241 343,796 115,006 663,887 1,280,296 374,625 298,892 20,507 55,226 540,987
11,284 82,597 1,979,682 73,134 410,584 65,731 84,650 116,057 1,154,482 75,044 1,242,278 139,396 341,728 105,323 655,831 1,011,656 368,808 294,360 20,369 54,079 531,916
796,388 7,344,914 93,246,051 6,987.440 18,407,903 6,007,650 6,976,360 8,166,663 39,163,400 7,536,635 75,078,918 6,872,265 21,141,625 14,815,859 32,249,169 81,561,569 30,790,714 23,844,251 3,913,172 3,033,291 18,791,292
371,291 3,728.047 42,175,525 2,564,873 8,330,090 2,907,626 2,914,167 3,889,465 18,239,339 3,329,965 28,746,087 3,022,527 7,246,392 6,428,690 12,048,478 30,490,206 11,628,182 8,532,185 1,862,741 1,233,256 11,215,006
354,661 3,467,795
248,110 25,998 81,259 17,523 14,570 22,937 71,536 14,287 196,123 10,681 32,817 30,910 121,715 155,547 100,971 82,133 10,267 8571 67,846
24,458 307,571 2,472,375 132,864 701,758 150,269 171,545 246,999 898,332 170,608 1,238,424 210,563 192,461 275,507 559,893 1,248,669 468,355 332,758 59,430 76,167 706,209
38,802,082 1,988,887 7,901,773 3,398,576 2,252,894 3,485,342 15,907,373 3.867,237 29,915,349 2,816,925 7,103,766 5,418,763 14,575,895 33,967,453 14,411,712 11,651,064 1,048,442 1,712,206 9,405,817
26,019 262,537 3,564,457 159,155 632,987 254,966 178,473 246,891 1,784,027 307,958 2,863,937 235,341 710,613 556,893 1,361,090 3,081,473 1,138,527 879,899 119,852 138,776 786,955
226,836 277,274 441,902
23,414 44,002 104,426
19,872 19,194 28,780
183,473 214,040 308,696
89,952 99,994 *351,041
86,397 99,287 *346,232
7,863,866 5,390,757 5,536,669
4,248,216 3,166,760 3,800,030
3,194,420 2,087,316 4 , 124 ,081
322,784 182,105 282,066
448,458 5,146,272 1,188,369 263,925 22,177 447,318 168,339 57,012 167,752 61,846 1,717,169
33,536 119,466 42,389 4,902 7,855 9,862 3,745 9,870 6,155 32,650
26,918 2,190,067 268,091 121,089 6,089 72,770 31,708 17,267 12,227 6,941 1,047,965
387,795 2,836,470 877,791 137,906 16,084 366,676 126,769 35.999 145,618 48,739 6361'460
170,822 8,900,353 894,952 364,789 10,370 177,399 62,252 77,621 125,137 77,384 2,856,194
162,725 8,411,636 801,324 334,805 10,370 165,528 57,706 33,007 124,987 74,921 2,850,188
13,624,110 443,236,797 105,574,436 42,788,144 1,234.774 19,962,202 8,848,081 19,356,619 4,496,543 8,888,073 123,333,427
6,393,568 176,444,407 38,644,289 17,575,486 447,880 8,364,214 2,903,318 5,650,343 1,004,741 2,698,307 53,749,436
5,134,840 438,171,288 92,984,186 41,462,798 1,098,155 15,971,635 5,882,995 19,382,159 4,224,209 4,962,235 121,941,512
445,132 23,197,803 5,932,271 1,457,471 137,303 1,746,099 372,803 1,644,554 191,000 383,041 8,393,476
1,431,885 285,284 2,240,734 781,080 1,003.963 406,272 49,419 8,131,078 4,071,265 392,557 872,433 2,806,275 268,661 112,416 262,121 209,971 194,215 419,489 74,625 154,478 140,871
17,734 14,916 44,427 66 43,885 1 475 210,901 129,934 *679 11,350 117,905 2,189
116,221,262 7,112,165 214,328,934 90,701,385 49,773,732 68,849,418 5,004,399 323,496,726 162,455,039 14,396,743 28,743,462 119,314,834 11,530,411 6,231,104 7,676,076 8,221,974 6,549,315 19,475,386 2,798,563 6,622,284 4,582,237 14,626,893 13,905,295 4,137,040
50,650,755 3,098,681 84,050,682 35,660,047 17,823,093 28,977,201 1,590,341 122,649,734 62,587,744 4,989,214 12,068,807 45,529,723 4,263,970 2,409,434 2,803,900 3,592,260 3,057,821 6,268,941 1,306,659 3,518,124 1,646,587 4,848,480 5,483,486 1,672,032
8,067,005 326,471
223,245,590 98,059,706 46,725,519 73,606,147 4,854,218 98,210,709 35,498,190 4,844,302 5,312,235 25,341,653 1,963,188 1,613,748 , 1,362,657 1,077,222 1,111,770 2,995,404 544,730 900,830 507,138 4,827,997 4,203,965 933 ,634
8,872,056 3,807,504 1,982,473 2,844,129 237,950 8,717,279
2,147,242 195,102 54,206 181,177 260,674 71,769 263,757 90,686 394,639 46,395 170,379 132,894 62,343
2,737,987 112,201 4,760,124 2,176,656 993,976 1,546,519 42,973 4,868,386 3,056,682 134,771 803,965 2,117,946 192,318 52,938 178,014 260,329 71,041 254,490 90,428 392,993 45,655 168,481 131,763 62,267
118,643,836 3,297,676
252,819 300,924 163,256
387,837 248,623 1,322,219 377,304 737,401 175,096 32,418 7,348,619 3,702,936 358,607 813,795 2,530,534 256,576 106,349 247,014 203,082 187,776 387,886 70,428 141,400 137,416 204,168 205,343 156,366
2,741,762 114,432 5,149,207 2,282,118 1,025,557 1,798,147 43,385 5,029,897 3.103,088 141.192 814,654
3,560 844 758 11,749 1,416 5,565 '82 13,206 71,912 '60
1,026,226 21,739 874,011 403,693 222,637 231,169 16,512 570,930 238,074 33,267 47,213 157,594 9,896 5.895 11,529 6,015 5,622 19,814 2,780 7,503 3,367 35,438 23,650 6,821
252,429
6,429
19,264
226,730
223,221
217,229
12,958,256
4,658,029
3,299,370
279,359
001notes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
3,250,408 453,517 645,244 2,151,647 177,805 141,176 127,894 97,251 98 ,862 303,602 55,342 88,661 46,350 308,395 339,580 87,370
Corporation Returns/1975
is
RETURNS OF ACTIVE CORPORATIONS Table i.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Minor industry
151 152 153 154 155 156 157 158 159 160 161 IU 163 164 165 166 167 168 169 170 171 172 173 174
Wholesale and retail trade-Continued Retail trade ............................................... Building materials, garden supplies, and mobile home dealers ............................................... Building materials dealers ............................ Hardware stores ........................... .......... Garden supplies and mobile home dealers ........... General merchandise stores ............................ Food stores ..................... ...................... Automotive dealers and service stations ................ Motor vehicle dealers ................................ Gasoline service stations ............................. Other automotive dealers ............................. Apparel and accessory stores .......................... Furniture and home furnishings stores .................. Eating and drinking places ............................. Miscellaneous retail stores ............................. Drug stores and proprietary stores ................... Liquor stores ......................................... Other retail stores .................................... Wholesale and retail trade not allocable ........ ......... Finance, Insurance, and real estate ......................
Banking ................................................... Mutual savings banks .................. : ............... Bank holding companies ............................... Banks, except mutual-savings banksland bank holding companies ................................... 175 Credit agencies other than banks ........................ 176 Savings and loan associations ......................... 177 Personal credit institutions .............................. 178 Business credit institutions .............................. 179 Other credit agencies; finance not allocabte ............ 180 Security, commodity brokers and services ................ 181 Security brokers and dealers ........................... 182 Commodity contracts brokers and dealers; security and commodity exchanges; and allied services ........ 183 Insurance .................................................. Life insurance .......................................... 184 Mutual insurance,, except life or marine and certain 185 fire or flood insurance companies .................... Other insurance companies ............................. 186 Insurance agents, brokers, and service ................... 187 Real estate ......................... ..................... 188 189 Real estate operators and lessors of buildings ......... 190 Lessors of mining, oil, and similar property ............. 191 Lessors of railroad property, and of real property, not elsewhere classified . ...... -_ Condominium, management _ai, 'nd~ coper.mve ~_: .-M.N., associations .......................................... 193 Subdividers and developers ............................ 194 Other real estate ....................................... 195 Holding and other investment companies, except bank holding companies ........ _.: ........... .............. 196 Regulated investment companies ....................... 197 Real estate investment trusts .......................... 198 Small business investment companies .................. 199 ---Other holding and investment companies, except bank holding companies .............................. 200 Services .................................................... 201 Hotels and other lodging places .......................... 202 Personal services ......................................... 203 Business services ......................................... 204 Advertising ............................................. 205 Business services, except advertising ................... 206 Auto repair; miscellaneous repair services ................ 207 Auto repair and services ............................... Miscellaneous repair services ........................... 208 209 Amusement and recreation services ...................... 210 Motion picture production, distribution, and services .... 211 Motion picture theaters ................................. 212 Amusement and recreation services, except motion ... . pictures ........................................ Other services ............................................ 213 Offices of physicians, including osteopathic physicians . 214 Offices of dentists ...................................... 215 Nursing and personal care facilities ................ ... 216 Medical laboratories ........................... ........ 217 Other medical services ................................. 218 Legal services .......................................... 219 Educational services .................................... 220 Miscellaneous services, not elsewhere classified ....... 221 222 1Nature of business not allocable .........................
Foreign tax credit
Investment credit
Total income tax after credits
(11)
(12)
(13)
(14)
(15)
(16) 1.811,076
Net worth
Depreciable assets
Depreciation d educ tion
(17)
(18)
(19)
(20)
160,972,620
60,033,489
62,687,205
5,464.090
4.970,283 3.665,637 850,006 454,640 17,950,754 8,060,393 8,303,113 5,780.338 1,056,727 1,466,048 4,346,087 3,330,252 3,950,666 9.121,941 2,283,041 536,441 6,302,459 28,501 269,770,527 86,654,517 6,373,426 52,748,047
3,596,516 2,570,110 429,320 597,086 16,885,148 12,160,735 7,627,673 4,899,900 1,457,641 1,270,132 2,640,761 1,922,281 9,819,558 8,034,533 1,533,992 464,495 6.036,046 *25,314 107,177,104 22,199,992 1,287,750 12,777,503
300,619 214,360 33,696 52,563 1,223,867 1,112,931 820,912 558,108 A33.576 129,228 241,137 173,190 839,254 752,180 132,614 44,185 575,381 2,781 6,877,795 2,528,005 76,767 1,791,174
376.347,743 429,401,942 321,953,762 18,594,545 17,770,116 71,083,519 31,161,002 28,689,730
27,533,044 22,859,050 9,958,782 3,858,366 1,947,559 7,094,343 4,032,795 3,400,226
8,134,739 9,502,071 .5,494,577 1.113,548 1,223,995 1,669,951 678,928 476,999
660,064 609,470 264,814 97,343 138,615 108,698 79,436 61,847
18,653 1,067,541 667,464
2,471,272 410,752,292 291,338,364
632,569 57,327,152 22,044,356
201,929 8,069,898 2,574,795
17,589 965,136 424,597
717,521 171,479 504,855 370,467 34,756
400,077 170,854 431,275 312,654 29,724
24,218,483 95,195,445 7,663,848 97,779,522 62,832696 549:282
6,509,746 28,773,050 2,006,232 21,301,365 15716186 314:593
563,334 4,931,769 901,579 60,214,740 52,231867 278:062
86,902 453,637 118,841 2,389,536 2010322 11:809
14,829
8,046
8,046 42,366 38,485
1,656,656 20,931,675 10,355,581
277,031 2,559,891 1,605,120
1,191,775 3,294,748 2,555,079
23,524 164,214 154,142
80,967
332,721
3.641,112
1,926,181
241,516 177,457 41,686 22,373 1,302,559 686,110 379,049 237,145 70,284 71,620 306,203 140,887 326,605 672,178 166,692 22,048 483,438 -4,706 5,644,729 1,503,334 78,279 -916,294 508,761 826,883 379,897 171,107 97,089 178,790 284,283 257,163
107 107 59,833 5,609 *98 '26 (1)
228,714 167,659 40,188 20,867 1,136,785 594,959 352,144 221,870 63,083 67,191 294,516 133,529 282,118 618,347 156,725 20,924 440,698 -4,571 4,673,705 830,626 75.168 300,593
95,127 65,114 16,307 13,706 813,605 251,858 145,301 86,710 26,853 31.738
748,039 548,633 206 531,214
12,689 9,685 1.498 1,506 105.870 85,489 26,745 15,200 7,201 4,344 11,545 5,294 41,538 43,551 9,333 1,124 33,094 *135 222,812 123,994 2,901 84,429
8,729,977 2,629,272 1,764,506
17,213 32,578 70 25,962 5,545 1,001 3,028 3,014
36,664 30,910 11,796 8,482 8,607 2,025 6,230 5,390
454,865 763,377 368,021 136,660 82,937 175,759 275,024 248,758
864,766 591,771 124.225 180,037 59,612 227,897 77,414 58,668
681,339 532,934 119,169 169,348 59,513 184,904 76,717 58,064
27,120 2,024,449 1,918,644
14 134,917 109,337
840 27,770 26,239
26,266 1,861,697 1,783,005
18,746 1,405,021 687,500
25,420 80,385 150,988 674,022 458,612 35,724
3 25,577 5,406 1,359 1,057 34
383 1,148 4,138 26,294 16,492 1,969
25,033 53,659 141,444 646,361 441,055 33,721
16,289
-
1,460
2,914 10,247 626 9,621 -
Total assets
11.260.390 86,227 57,714 7.680,871 1,671,293 14,851 1,908,226 13,662 800,085 48,225,509 246,569 20,059,227 129,515 28,908,976 72,219 21,350,544 26,853 2,808,672 30,443 4,749,760 131,335 9,166,019 35,809 8.731,985 135,972 12.322,753 245,564 22,297,761 80,491 4,908,092 13,672 1,390,483 151,401 15,999,186 *628 69,067 7,467,975 2,321,965,956 2,075,522 1,242,841,603 119,623,100 1,394,183 746,870,760
4,055,107
132,668 84,876 145,270 257,476 84,815 13,672 158,989
1,7
6
25,525
101,211 62,080
202
3,669 2,614
97,340 59,400
49,148 42,438
180,770
22,118 -
3,476 -
155,176 *22 186 544
3,350,165 2,453,737 134,003 3763
3,113,132 2,331,744 74,419 *2,072
102,365,747 58,992,687 14,705,480 540,656
75,589,416 56,055,188 3,084,527 172,332
5,609,896 27,682 3,261,479 11,718
187,371 367 80,798 522
180,018 1,640,778 106,354 115,505 561,598 98,679 462,919 134,012 94,313 39,699 370,510 137,989 33,379
22,118 73,281 951 5,612 27,998 12,412 15,586 *339 79
3,476 243,184 13,011 12,573 69,322 4,200 65,122 29,367 26,112 3.255 71,864 48,242 3,296
154,424
758.662 855,402 57,064 64,303 288,437 65,807 222,630 43,958 35,162 8,796 153,482 57,761 11,627
704,897 786,159 51,889 62.976 268,598 60,954 207,644 42,219 33,855 8,364 149,993 57,357 11,376
28,126,924 90,534,067 12,420,791 4,851,564 26,751,915 3,498,144 23,253,771 10,289,865 9,194,633 1,095,232 16,051,407 5,937,087 1,669,507
16,277,369 26,855,374 2,897,215 2,171,199 7,904,439 1,056,977 6,847,462
2,309,017 60,178,165 10,854,369 3,935,832 14,146,002 1,052,054 13,093,948 9,503,722 8,962,091 541,631 10,345,855 1,668,944 1,332,377
105,684 6,760,323 620,064 371,405 1,868,861 91,487 1,777,374 1,651,540 1,585,509 66,031 1,350,858 742,555 88,353
199,142 352,799 60,674 14,218 38,105 7,420 54,103 10,105 20,661 147,513
3,921 5,433 142 *365 216 4,710 -2
84,094 248,158 8,772 11,501 38,187 *6,992 30,957 7,330 '2,560 141,859 10,730 1
81,260 210,484 8,025 11,501 37,461 *6,992 27,174 '7,020 -2,547 109,764 10,483 1
8,444,813 20,168,525 1,717,234 483,198 3,509,802 374.232 3,855,895 481,620 911,328 8,835,216 365,528 1
544
1
Distributions to Stc~kholders except in own stock Returns Total with net income
Total income tax
6,612 1
32,948 29,027 -
1,323,637 92,381 97,257 463,950 82,067 381,883 104,237 68,117 36,120 265,698 60,720 30,083
20,326 174,895 47,047 300,114 10,531 50,143 3,496 10,722 4,099 33,853 1,003 6,275 13,454 40,233 2,017 8,088 1,808 18,637 10,639 132,163 170 6,440 1 1 ----------- L.-
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
2,466,832 1,992,624 474,208 5,392,846 1,949,208 589,682 2.853,956 6,022,843 845,616 238,909 658,014 187,611 1,201,440 177,112 292,319 2,421,822 117,374 1
7,344,534 11,392,385 1,336,522 438,577 2,909,623 190,326 2,258,362 298,601 444,119 3,516,255 78,220 1
519,950 897,595 158,880 49,728 139,977 21,561 146,264 34,534 41,165 305,486 61713
Corporation Returns/1975
19
RETURNS OF ACTIVE CORPORATIONS Table I.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Coefficient of variation (Percent) Minor industry
Total number of returns
Total receipts
(21)
(22)
Net income
Total income tax
Deficit
(23)
(25)
(24)
Distributions to tockholders ex cept in own stock
Total assets
(26)
(27)
Depreciation deduction
(28)
1 Total returns of active corporations ......................
0.9
0.4
0.2
0.4
0.2
0.3
0.1
0.2
2 Agriculture, forestry, and fishing
.........................
3.4
2.7
2.9
4.2
3.3
7.4
1.7
2.5
Agricultural production .................................... Agricultural services, forestry, and fishing .................
3.7 7.4
3.0 6.7
3.1 9.2
4.6 10.9
3.5 10.2
7.1 26.1
1.9 5.0
2.7 6.9
3 4
5 Mining ......................................................
6.2
0.6
0.1
2.9
0.1
2.9
0.4
1.3
6 7 8 9
Metal mining .... ......................................... Iron ores ............................................... Copper, lead and zinc, gold and silver ores ............ Other metal mining .....................................
27.3 37.9 39.6 42.1
1.3 2.7 1.6 4.3
2.7 4.1 2.0 '14.4
3.3
2.9
2.8 19.5
3.1 5.3 2.1
0.6 1.5 0.5 3.3
0.7 1 .3 0.2 6.3
0 111 2 1 13
Coal mining ....... ....................................... Oil and gas extraction ....... ............................ Crude petroleum, natural gas, and natural gas liquids . . Oil and gas field services ..............................
12.8 9.3 13.3 12.9
2.1 0.6 0.3 3.5
1.5 0.1 0.1 2.0
9.7 3.9 4.3 8.3
1.2 0.1 0.1 1.7
3.9 6.3 7.4 5.1
1.3 0.4 0.4 1.2
3.1 2.0 2.1 13
4 5
Nonmetallic minerals, except fuels ........................ Dimension, crushed, and broken stone; sand and gravel ..................................... .......... Other nonmetallic minerals, except fuels ...............
11.4
3.3
4.2
13.0
3.9
7.2
2.4
3.8
11.8 31.4
4.4 4.6
6.6 4.5
20.1 11.9
6.6 4.0
17.1 1.1
4.1 2.4
5.2 4.8
17 Construction ...............................................
1.7
0.9
1.3
2.3
1.3
4.8
0.3
1.3
18 19 20
General building contractors and operative builders ....... General building contractors ............................ Operative builders ......................................
3.0 3.2 9.4
1.8 1.9 5.6
2.2 2.4 7.8
3.0 3.5 6.3
2.2 2.3 8.8
7.3 7.8 21.6
0.9 1.0 3.3
1 .9 2 .1 6.3
21 22 23 24 25
Heavy construction contractors ..... ..................... Special trade contractors ................................. Plumbing, heating, and air conditioning ................. Electrical work .......................................... Other special trade contractors and contractors not allocable ...... ......................................
6.0 2.7 5.7 7.2
2.0 2.1 4.2 5.0
2.2 2.9 5.8 7.1
5.2 4.9 9.9 10.4
2.1 3.3 6.6 8.0
5.1 10.1 22.9 17.9
1.5 1.6 3.3 4.2
2.4 2 .9 4.7 6.0
3.7
2.9
.3.9
6.8
4.4
13.8
2.4
3.9
26 Manufacturing ..............................................
1.4
0.1
0.1
1.1
0.1
0.2
4.0 11.3 15.8 8.5 19.2 18.7
0.4 2.0 0.9 1.2 0.9 2.9
U 3.7 1.9 1.0 1.0 3.5
0.4 1.4 1.4 0.9 1.2 2.5
0.6 1.7 2.2 1.5 1.7 3.6
5.9 12.9 24.5 11.2
1.1 0.3 1.0 1.6 1.2
8.1 0.1 0.7 1.7 2.1
1.4 0.4 0.8 1.6 1.5
2.0 0.1 1.4 2.3 2.6
16
(1)
(1)
0.1
27 28 29 30 31 32
Food and kindred products ............................... Meat products .......................................... Dairy products .......................................... Preserved fruits and vegetables ........................ Grain mill products ..................................... Bakery products ........................................
5.4 12.9 15.3 17.4 12.8 18.5
0.8 2.4 2.4 1.4 2.0 3.5
0.5 2.1 1.3 1.4 1.1 3.1
33 34 35 36 37
Sugar and confectionery products ...................... Malt liquors and mall ................................... Alcoholic beverages. except malt liquors and malt ..... Bottled soft drinks, and flavorings ...................... Other food and kindred products .......................
27.3 14.1 17.9 11.0 13.2
2.0 0.5 1.1 2.5 1.9
1.2 0.3 1.0 1.9 1.5
38 39 40 41 42
Tobacco manufactures .................................... Textile mill products ...................................... Weaving mills and textile finishing ...................... Knitting mills ........................................... Other textile mill products ..............................
22.3 9.4 16.8 15.9 14.1
V 1.6 1.6 5.1 3.3
0.2 2.0 2.1 5.8 4.0
3.5 5.5 8.4 5.5
0.2 1.9 1.9 5.8 3.9
0.1 2.7 2.8 15.6 5.5
0.3 1.1 1.1 3.3 2.5
0.7 1.3 1.2 4.8 2.8
43 44 45 46 47
Apparel and other textile products ........................ Men's and boys' clothing ......................... ..... Women's and children's clothing ....................... Other apparel and accessories ......................... Miscellaneous fabricated textile products; textile products, not elsewhere classified ....................
6.4 14.5 9.0 18.4
2.3 3.2 3.6 10.3
2.2 2.7 3.5 9.1
8.1 14.3 11.4 34.4
2.1 2.5 3.5 9.1
6.1 3.2 9.9 25.9
1.7 2.3 2.7 8.5
2.7 3.0 4.8 10.9
14.4
7.6
8.2
23.6
8.3
17.0
6.5
8.4
48 49 50 51
Lumber and wood products .............................. Logging, sawmills, and planing mills .................... Millwork, plywood, and related products ................ Other wood products, including wood buildings and mobile homes ................... ...............
6.7 11.3 12.3
1.6 2.3 2.6
2.2 3.7 3.3
5.1 6.8 11.7
2.0 3.1 3.2
2.7 3.2 5.4
0.9 1.2 1.5
1.4 2.4 1.5
11.2
4.0
5.1
9.2
4.2
7.2
2.5
3.7
52 53 54 55
Furniture and fixtures ..................................... Paper and allied products ................................ Pulp, paper, and board mills ........................... Other paper products ...................................
9.8 10.7 36.0 11.2
3.7 1.0 0.7 1.9
3.3 0.8 0.4 1.4
9.7 6.8 4.0 12.7
3.0 0.7 0.4 1.3
4.8 0.8 0.2 1.5
2.8 0.6 0.4 1.2
3 .2 0 .6 0 .6 1.2
56 57 58 59 60
Printing and publishing .................................... Newspapers ............................................ Periodicals . ............................................. Books, greeting cards, and miscellaneous publishing ... Commercial and other printing and printing trade services ..............................................
5.0 11.3 16.0 13.9
1.4 2.2 4.4 2.4
1.1 1.7 3.2 2.1
6.6 15.4 17.1 11.2
1.0 1.4 2.7 1.7
3.8 7.4 3.4 1.9
0.9 1.3 2.7 1.4
1.4 2.0 4 .2 1 .4
6.7
3.1
2.8
11.4
2.5
4.7
2.6
3.2
61 62 63 64 65 66
Chemicals and allied products ............................ Industrial chemicals, plastics materials and synthetics .. Drugs ................................................... Soap, cleaners, and toilet goods ....................... Paints and allied products .............................. Agricultural and other chemical products ...............
8.0 13.5 25.0 21.0 20.9 15.3
0.4 0.5 0.8 1.2 4.3 2.0
0.3 0.5 0.4 0.7 5.4 1.5
3.7 4.7 8.8 19.2 35.0 7.1
0.3 0.4 0.3 0.6 4.9 1.4
0.3 0.4 0.1 0.6 7.5 0.8
0.3 0.3 0.5 0.9 4.1 1.1
0.3 0.3 0 .5 1 .6 4.2 1.1
67 68 69
Petroleum (including integrated) and coal products ....... Petroleum refining (including integrated) ................ Petroleum and coal products, not elsewhere classified .............................................
20.5 33.5
0.1
7.3 5.4
25.2
5.3
3.7
33.8
3.3
8.2
3.9
5.9
70 71 72
Rubber and miscellaneous plastics products .............. Rubber products; plastics footwear, hose and belting .. Miscellaneous plastics products ........................
8.7 18.8 9.7
1.6 1.1 4.5
2.0 1.7 4.8
11.0 20.1 13.0
1.7 1.4 4.5
2.6 1.9 17.9
1.0 0.7 3.7
1.4 0.7 4.5
73 74 75
Leather and leather products ............................. Footwear, except rubber ................................ Leather and leather products, not elsewhere classified ....... .....................................
14.5 25.5
3.3 2.8
3.6 3.5
7.0 6.1
3.4 3.3
4.5 1.1
2.7 2.3
3 .7 2.9
17.5
8.1
7.7
23.2
7.4
23.7
7.2
9.6
0.1 1,)
(2)
ootnotesal end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(3)
0.1 (1)
0.1
0.1
(2) (2)
(1)
0.1
20
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table I.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Coefficient of variation (Percent) Minor industry
Total number of returns
Total receipts
Net income
Deficit
Total income tax
Distributions to tockholders except s in own stock
Total assets
Depreciation deduction
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
Manufacturing-Continued 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 ~ 21U 0 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 i142 143 144 145 146 147 148 149 150
Slone, clay, and glass products .......................... Glass products ......................................... Cement, hydraulic ...................................... Concrete, gypsum, and plaster products ................ Other nonmetallic mineral products .................... Primary metal industries .................................. Ferrous metal industries; miscellaneous primary metal products ................................. Nonferrous metal industries ........................ .. .. I........ Fabricated metal products ......... ...................... Metal cans and shipping containers . ........ .......... Cutlery, hand tools, and hardware; screw machine products bolts, and similar products Plumbing and heating, except electric and warm air Fabricated structural metal products .................... Metal forgings and stampings .......................... Coating, engraving, and allied services ................. Ordnance and accessories, except vehicles and guided missiles ...................... ................ Miscellaneous fabilicated metal products ................ Machinery, except electrical .............................. Farm machinery ........................................ Construction and related machinery .................... Metalworking machinery ................................ Special industry machinery ............................. General industrial machinery ...................... ..... Office and computing machines ........................ Other machinery, except electrical . ..................... Electrical and electronic equipment ............ .......... Household appliances ..... ............................ Radio, television, and communication equipment ....... Electronic components and accessories ................ Other electrical equipment .............................. Motor vehicles and equipment .................... ....... Transportation equipment, except motor vehicles ......... SA ip cra, f missiles and parts ......... ............ hit L"boa Iled building and repairing ................... Other transportation equipment, except motor vehicles .............................................. Instruments and related products ......................... Scientific instruments and measuring devices; watches and clocks .................................. Optical, medical, and ophthalmic goods ... ............. Photographic equipment and supplies .. ~ ............... Miscellaneous manufacturing and manufacturing not allocable ................................................ Transportation and public utilities ........................ Transportation ...... ..................................... Railroad transportation .............. .... Locai and interurban passenger transit ................. Trucking and warehousing ..................... ........ Water transportation ................ ................... Transportation by air ................................... Pipe lines, except natural gas .................... ..... Transportation services, not elsewhere classified ....... Communication ........................................... Telephone, telegraph, and other communication services ............. ...... ................... Radio and television broadcasting ........ ............. Electric, gas, and sanitary services ....................... Electric services ........................................ Gas production and distribution ......................... Combination utility services ............................. Water supply and other sanitary services ............... Wholesale and retail trade ................................ Wholesale trade ...................... ................... Groceries and related products ......................... Machinery, equipment, and supplies ......... .......... Miscellaneous wholesale trade ......................... Motor vehicles and automotive equipment ............ Lumber and construction materials ................... Metals and minerals, except petroleum and scrap ... Electrical goods ...................................... Hardware, plumbing, and heating equipment ......... Other durable goods ................................. Paper and paper products ........................... Drugs, chemicals, and allied products ................ Apparel, piece goods, and notions ................... Farm-product raw materials .......................... Petroleum and petroleum products ................... Alcoholic beverages ................................. Miscellaneous nondurable goods; wholesale trade not allocable .................................
7.6 24.5 37.2 9.6 14.3 9.5
1.4 1.3 1.7 3.4 2.8 0.5
1.8 1.6 1.5 4.4 3.5 0.8
11.3 13.6 4.5 34.0
0.5 1.0 1.2 1.4
12.5 19.1 7.7 13.6 16.0
9.0 10.6 2.4
1.5 1.1 0.7 4.2 3.0 0.7
0.8 1.8 1.2 1.6
2.2 4.5 5.4 32.1
0.8 1.7 1.1 1.6
0.4 0.9 2.0 1.3
0.3 0.3 0.9 0.9
0.4 0.7 1.1 0.8
2.8 2.9 2.7 3.4 6.8
2.6 2.5 2.4 3.1 9.6
11.9 32.3 9.8 14.8 20.8
2.3 2.2 2.2 2.8 9.4
4.0 2.9 2.9 7.0 14.1
2.2 2.3 2.2 2.8 5.2
3.1 3.2 2.6 3.9 7.1
38.0 8.7 4.8 18.4 15.8 9.0 14.0 14.0 32.5 8.9 7.3 34.2 17.8 12.2 11.0 13.0 13.0 21.7 20.3
6.8 3.6 0.7 2.1 0.9 3.2 5.4 1.9 0.5 2.5 0.6 1.2 1.7 1.3 0.9 0 .3 0.7 0.5 3.8
4.7 3.8 0.8 2.9 0.8 19 10~5 2.1 0.2 3.8 0.9 0.9 3.5 1.8 1.0
4.4 3.8 0.6 2.5 0.7 3.5 9.3 1.8 0.1 3.7 0.9 0.8 3.5 1.6 0.9 0.4 1.1 1A 5.0
0.8 9.9 0.5 3.9 0.4 7.7 6.4 2.3 3.1 0.5 0.3 1.3 2.1 0.4 0.2 0.3 0.3 1.5
4.6 2.8 1.0 1.3 0.6 2.5 13.3 1.4 0.2 1.9 0.4 U 0.9 0.9 0.5 0.1 0.4 0.3 1.7
6.9 3.5 0.4 2.0 0.7 3.8 2.5 1.9 0.1 3.0 0.5 0.9 1.7 1.1 0.5
0.4 1.2 1.1 5.4
10.0 4.5 17.2 18.7 10.6 13.2 11.8 3.6 10.4 3.8 3.2 10.1 5.8 10.2 1.6 5.3 6.0 13.5
24.5 10.9
3.7 1.2
4.5 1.0
6.1 5.6
3.8 0.8
0.9 0.8
2.2 0.8
2.2 0.8
17.1 15.6 32.2
1.8 2.7 1.3
2.5 2.3 0.6
6.3 12.9 11.3
21 2.1 0.6
2.5 3.5
1.2 1.8 0.9
1.0 2.5 0.9
7.6 2.9 3.4 30.9 10.6 4.6 10.9 13.1 48.8 9.8 8.4
2.0 0.4 1.0 0.2 11.9 2.2 3.4 0.8 3.5 6.1 0.3
2.0 0.3 1.1 0.9 10.8 2.3 3.5 3.5 1.4 6.3 0.4
8.0 1.6 1.6 0.5 14.4 5.7 6.2 3.0 1.0 11.7 8.1
1.8 0.3 1.0 0.9 9.9 1.9 3.3 2.7 1.3 7.8 0.4
3.5
1.4 0.1 0.3 0.2 6.7 1.4 1.6 0.5 1.2 1.4 0.2
2.1 0.2 0.7 0.2 9.2 2.0 3.3 0.7 2.7 2.2 0.2
12.8 11.1 9.5 36.4 2U 48.7 11.4 0.5 1.4 5.5 3.5 1.8 5.8 7.3 10.2 7.0 7.1 4.7 12.0 9.7 8.1 7.1 7.0 10.5
0.2 2.2 0.3 0.4 0.4 0.1 4.4 0.5 0.1 2.2 1.4 0.4 2.4 4.0 3.1 3.0 3.5 1.6 5.2 2.6 4.3 2.3 2.3 4.2
0.4 1.9 0.3 0.3 0.4 0.1 6.4 0.3 0.3 2.3 1.0 0.3 2.2 4.0 2.6 2.2 4.3 2.1 3.9 1.6 3.8 2.2 2.6 4.9
7.2 13.4 4.4 2.0 11.1
0.3 1.7
0.1 1.8 0.1 0.1 0.2
3.0 1.3 4.3 2.2 3.5 1.4 1.5 3.6
0.1 2.9 0.1 0.1 0.3 0.1 4.6 0.1 0.7 2.8 2.8 0.9 4.3 5.2 3.8 4.3 4.1 3.8 5.8 5.9 5.8 2.6 3.2 6.1
5.8
2.4 1
2.9 1
8.7
1.81
2.9
Footnotes a! end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
5.8 16.0 (1)
12.4 1.4 2.2 10.2 6.8 2.4 6.0 11.9 6.5 10.4 13.4 6.6 22.6 16.7 11.4 5.5 4.1 17.3
0.2 0.2 0.3 0.1 4.9 0.3 0.3 2.4 1.7 0.6 3.1 5.0 2.6 3.9 4.8 2.8 6.7 3,9 4.2 2.4 2.3 5.2 3.4 1
1.9 0.7 (7)
(1)
3.3 6.3 0.4
0.8 0.8 0.6 2.3 1.9 0.2
1.2 0.6 1.1 3.2 2.5 0.3
0.2 1.3 0.7 24.0 5.1 8.5 0.9 1.6 5.2 0.1 0.1 2.9 0.2 (1) (1)
1.0 2.3 1.3 1.1 6.6 2.1 1.5 4.8 8.8 6.9 7.1 8.4 5.3 2.3 1.3 14.4 4.4 10.7 11.7 7.41
(2)
2.2 0.5 0.5 1.8 1.1 0.4 1.9 2.9 2.2 2.4
0.2 0.6 0.6 2.5
Corporation Returns/1975
21
RETURNS OF ACTIVE CORPORATIONS Table 1.-Number of Returns, Receipts, Cost of Sales and Operations, Net Income, Total Income Tax, Foreign Tax and Investment Credits, Distributions to Stockholders, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and Coefficients of Variation, by Minor Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Coefficient of variation (Percent) Minor industry
51 i 52 53 ~ 54 155 156 157 58 1 159 60 ~ 61 162 63 1 164 165 166 167 168 169 170 71 1 172 173 174 175 176 77 1 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 98
200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222
Wholesale and retail trade-Continued Retail trade .......... .................................... Building materials, garden supplies, and mobile home dealers ............................................... Building materials dealers ............................ Hardware stores ...................................... Garden supplies and mobile home dealers ........... General merchandise stores .................... ....... Food stores ............................................ Automotive dealers and service stations ................ Motor vehicle dealers ........................ ....... Gasoline service stations ................. ........... Other automotive dealers ............................. Apparel and accessory stores .......................... Furniture and home furnishings stores .................. Eating and drinking places ............................. Miscellaneous retail stores ............................. Drug stores and proprietary stores ................... Liquor stores ......................................... Other retail stores .................................... Wholesale and retail trade not allocable .................. Finance, insurance, and real estate ...................... Banking ................................................... Mutual savings banks .................................. Bank holding companies ............................... Banks, except mutual savings banks and bank holding companies ................................... Credit agencies other than banks ........................ Savings and loan associations ......................... Personal credit institutions .............. ............... Business credit institutions .............................. Other credit agencies; finance not allocable ............ Security, commodity brokers and services ................ Security brokers and dealers ........................... Commodity contracts brokers and dealers; security and commodity exchanges; and allied services ........ Insurance ................................................. Life insurance .......................................... Mutual insurance, except life or marine and certain fire or flood insurance companies .................... Other insurance companies ............................. Insurance agents, brokers, and service ................... Real estate ............................................... Real estate operators and lessors of buildings ......... Lessors of mining, oil, and similar property ............. Lessors of railroad property, and of real property, not elsewhere classified .............................. Condominium management and cooperative housing associations .......................................... subdividers and developers ............................ Other real estate ....................................... Holding and other investment companies, except bank holding companies ...................................... Regulated investment companies ....................... Real estate investment trusts .......................... Small business investment companies .................. Other holding and investment companies, except bank holding companies .............................. Services .................................................... Hotels and other lodging places .......................... Personal services ......................................... Business services ......................................... Advertising ................................ ............ Business services, except advertising ............... ... Auto repair; miscellaneous repair services ................ Auto repair and services ............................... Miscellaneous repair services ........................... Amusement and recreation services ...................... Motion picture production, distribution, and services .... Motion picture theaters ................................. Amusement and recreation services, except motion pictures ................ .................... ........ Other services ..................................... : ...... Offices of physicians, including osteopathic physicians . Offices of dentists ............................ ........ Nursing and personal care facilities ...... ... ... .... Medical laboratories .................................... Other medical services ................................. Legal services ....................... .... .. . ... .... Educational services .................................... Miscellaneous services, not elsewhere classified ....... Nature of business not allocable .........................
Total number of returns
Total receipts
Net income
Deficit
Total income tax
Dis to ~1=olders ions except in,'k own sto
Total assets
Depreciation deduction
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
0.9
0.3
0.6
1.9
0.5
3.0
0.2
0.6
4.4 5.6 9.1 10.4 8.0 5.1 2.8 3.2 7.9 5.9 4.5 4.5 3.3 2.7 6.3 8.7 3.3 58.9 0.9 1.9 1.1 2.3
2.6 3.2 7.0 7.7 0.6 1.5 1.1 1.3 5.9 4.6 2.8 3.3 2.6 1.8 3.1 8,2 2.2 K0 0.2 0.1
3.5 4.1 8.5 12.0 0.8 1.7 2.1 2.5 6.4 5.8 3.3 4.3 3.2 2.0 3.6 10.1 2.4 '21.7 0.3 0.2
6.9 9.3 26.1 10.9 1.9 4.8 5.0 6.6 13.3 9.7 8.5 5.6 6.3 5.6 13.5 23.2 6.4
3.9 4.6 9.5 14.0 0.7 1.3 2.5 3.1 6.8 6.9 3.6 5.0 2.9 1.8 2.5 11.5 2.3 '22.0 0.3 0.1
12.1 9.2 25.6 66.5 1.7 3.9 9.4 12.6 20.2 19.5 11.2 53.2 11.0 7.3 16.8 33.0 7.2
2.3 2.8 6.5 6.0 0.4 1.1 0.8 1.0 4.6 3.6 2.5 2.8 2.0 1.5 2.9 7.2 1.8 28.7
3.2 3.9 7.7 8.3 0.5 1.2 2.1 2.7 5.7 6.1 4.6 4.2 2.5 2.4 3.5 9.8 2.9 24.9 0.4 0.1
(1) (1)
(2) (2)
0.7 0.6 0.2 (1)
(2) (2)
(2)
2.1 3.6 3.3 10.8 17.1 4.4 13.3 16.6
0.2 0.3 0.1 0.8 1.5 1.3 2.1 2A
0.5 0.9 0.2 1.5 2.0 3.1 1.4 1.4
1.1 Z6 1.5 6.5 16.2 3.7 9.0 6.9
0.4 0.6 0.1 1.1 1.7 2.6 1.3 1.2
20.9 8.2
8.1 0.2
5.5 0.2
23.4 0.4
6~9 0.1
(1)
(1)
(1)
(1)
(1)
(1)
(3)
(1)
13.6 4.9 1.4 1.8 33.7
0.6 4.9 1.4 1.4 7.6
1~6 4.0 1.6 1.9 9.8
(1) 0.7 10.4 1.8 2.5
(1)
0.9 0.1 -
(1) (2) (2)
0.3 5.0 0.8 0.6 0.5 12.9 1.4 1.8
(3)
(1) (1)
(1)
2.0 0.3
3.1 3.4 1.8 2.1 7.6
0.5 113 12.1 16.1 22.0
0.1 0.1 0.1 1.0 0.6 0.4 0.5 0.5
0.2 1.0 0.1 2.1 2.3 4.1 3.0 2.1
2.7
11.1 0.2
0.1 2.6 0.4 0.6 8.6
0.4 5.1 1.0 1.2 24.3
(2) (1) (3)
11.0
11.6
12.3
13.6
13.0
33.9
6.9
14.8
15.2 4.9 4.1
18.5 2.4 4.8
48.2 3.8 6.1
11.3 2.5 6.6
85.2 4.5 7.8
16.5 15.5
9.0 1.4 4.3
8.6 2.7 4.6
4.1 4.2 24.8 29.2
1.3 0.2 0.5 12.2
0.7 0.2 2.2 18.2
1.8 7.5 0.2 26.4
3.8 35.3
0.9 0.2 1.4 23.0
0.4 0.2 0.3 9.8
3.5 3.0 1.4 37.8
4.3 0.7 5.9 5.0 2.6 8.5 2.8 4.2 5.0 8.3 4.7 13.4 14.5
2.9 1.2 2.7 3.9 2.6 7.2 2.5 3.4 3.7 8.3 2.6 3.4 6.9
2.3 1.3 4.2 4.7 2.3 5.2 2.6 4.6 4.9 10.5 2.3 1.9 8.5
3.8 2.3 4.7 10.8 4.3 16~5 4.4 5.4 5.3 21.5 5.4 14.9 15.8
3.8 1.2 13 4.6 2.3 4.0 2.7 5.2 5.1 12.9 1.9 1.9 7.8
4.0 4.0 9.9 8.3 7.4 25.6 5.9 16.7 19.4 32.1 6.2 1.8 21.8
1.4 0.5 1.9 3.4 1.2 3.5 1.3 2.2 2.3 7.8 1.4 1.5 51
6.1 1.0 2.5 3.9 2.0 6.6 2.1 2.8 2.9 9.2 2.6 4.0 5.9
5.4 2.8 4.5 8.7 9.2 19.2 10.2 10.5 11.0 3.2 22.4
4.0 3.1 5.7 9.9 6.1 15.5 6.0 12.5 11.4 4.3 22.5
3.6 3.9 7.6 14.1 8.3 22.6 7.2 17.0 14.3 4.6 13.9
6.2 83 18.1 33.4 13.9 41.7 17.5 29.9 21.7 7.1 33.9
3.0 4.2 8.7 15.0 9.1 21.9 6.9 17.3 17.5 4.9 14.7
10.7 12.3 28.6 62.6 19.0
2.3 2.0 5.7 10.6 4.2 11.1 2.7 11.2 8.3 2.6 13.4
3.5 2.7 6.6 10.9 4.8 16.3 3.4 13.1 13.5 4.2 20.9
'Estimate Should be used with caution because of the small number of sample returns on which it is based. Less than $500 per return. Coefficient of variation is less than .05 but greater than zero. ~Eslimate is based on returns sampled at a 100 percent rate and coefficient of variation is zero. NOTE: Credits include foreign tax, investment, and work incentive (WIN) credits. See text for "Explanation of Temts" and "Description of the Sample and Limitations of the Data."
18.4 60.6 17.8 8.4
Corporation Returns/1975
22 RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheets and Income Statements, by Major Industry [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry Item
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ....................................... ... .. ...... 5 Notes and accounts receivable .............. ............ 6 Less: Allowance for bad debts ......................... 7 Inventories ........................... . .... ............ Investments in Government obligations: 8 United States ...................... ..... .. ........... 9 State and local .......................... .............. 10 Other current assets ....................... ......... .... 11 Loans to stockholders ..................... .... ...... .. 12 Mortgage and real estate loans .......................... 13 Other investments ............................. ... . ... 14 Depreciable assets . ...................................... 15 Less: Accumulated depreciation ........................ 16 Depletable assets ................. .. .... ... ...... - 17 Less: Accumulated depletion ........................... 18 Land .............................. .. .... .. ...... .. . 19 Intangible assets (amortizable) .......................... . 20 Less: Accumulated amortization ................. ........ 21 Other assets .................................... ...... 22 Total liabilities ............................................. 23 Accounts payable ......................................... .. . 24 Mortgages, notes, and bonds payable in less than one year ....... ............... _ - - - ... - 25 Other current liabilities .................................... 26 Loans from stockholders ....... ..................... ... 27 Mortgages, notes, and bonds payable in one year or more ......................... ...... : ......... . . . ... 28 Other liabilities ................................. ..... 29 Capital stock ...................... .. ....... -- 30 Paid-in or capital surplus ................................. 31 Retained earnings, appropriated .................... _.. 32 Retained earnings, unappropriated ........................ 33 Less: Cost of treasury stock .......................... .. 34 Total receipts .............................................. 35 Business receipts ................................ . Interest on Government obligations: United States .......................... . ...... . ..... 36 State and local .......................... . ... . ... 37 38 Other interest .............................. 39 Rents ................................. ... 40 Royalties . ~ ........................................... . Net short-term capital gain reduced by net long-term . . 41 capital loss ...................................... .. Net long-term capital gain reduced by net short-term . . 42 capital loss ................................... - 43 Nell gain, noncapital assets ............................... 44 Dividends received from domestic corporations ........... 45 Dividends received from foreign corporations . ............ 46 Other receipts ................................ ... .. 47 Total deductions ........................................... 48 Cost of sales and operations ...... ...................... ...................... 49 Compensation of officers .. ..... 50 Repairs ........................................... 51 Bad debts ..................................... _ 52 Rent paid on business property .......................... 53 Taxes paid ...................................... ... 54 Interest paid ........ .......................... . . .. 55 Contributions or gifts ................................... . 56 Amortization ................................. ... -57 Depreciation ............................... .......... . 58 Depletion ..................................... ... . 59 Advertising .................................... ... 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ............................ 62 Net loss. noncapital assets .......... .................... 63 Other deductions ...................................... .. 64 Total receipts less total deductions ......................... 65 Constructive taxable income from related foreign corporations .................................... ......... 66 Net income (less deficit) (line 64 plus 65 minus 37) .. .. 67 Net income ........................................ . .. 68 Deficit ................................................. .. 69 Income subject to tax .................... I ................. 70 Income tax, total ........ .................................. 71 Normal tax, surtax, and alternative tax ............... ... 72 Tax from recomputing prior year investment credit 73 Tax from recomputing prior year work incentive (WIN) credit ......................................... .. 74 Additional tax for tax preferences .................... . . 75 Foreign tax credit ........ ........................... - 76 Investment credit ............ ....................... . ... 77 Work incentive (WIN) credit ............................... Distributions to stockholders: 78 Cash and property except own stock ........ ......... 79 1 Corporation's own stock ..... _ .............. ..... ...
All industries
Mining
A g riculture, forestry,
and fishing
Total mining
Metal mining
Coal mining
(2)
(3)
(4)
(5)
Nonmetallic minerals, except fuels
(6)
(7)
6,899,365 605,327 1,493,535 11,675 432,698
7,340 4,261 39,701,815 1,143,746 10,805,902 46,515 1,415,218
3,339 2,314 5,806,337 384,282 759,698 15,629 617.793
204,192 23,820 3,163,258 52,461 152,192 7,539,097 16,040,479 5,563,279 4,967,293 2,157,166 281,537 1,037,962 411,086 1,052,704 39,701,815 2,795,081
95,368 5,994
18,938 2,998,400 5,418,938 2,192,538 1,175,166 397,376 48,264 45,998 30,373 662,262 10,097,824 637,584
75,200 80,489 581,391 58,436 20,750 1,024,257 5,490,023 2,114,945 612,199 125,838 264,267 110,519 26,096 328,828 8,899,365 658,176
140,505 14,637 23,252 515,958 5,056,716 2,475,187 311,301 54,003 277,374 12,184 3,040 139,134 5,806,337 431,737
3,377,823 9,279,707 790,577
336,169 368,130 136,409
883,811 910,505 57,663
1,837,689 7,749,531 500,103
320,154 251,541 96,402
2,108,716 609,664 701,593 2,254,615 22,278 2,948,079 25,413 4,988,979 4,648,338
1,574,154 377,596 445,054 710,721 92,811 3,236,901 48,027 10,711,062 10,351,276
5 .192,925 2,208,209
3,601,550 1,832,400 79,407 1,655,843 324,251 28,1 18,514 26,624,149
9,838,345 3,930,621 2,869,334 11,407,418 2,065,949 16,770,594 347,605 65,909,994 63,670,496
1,226,501 8,226,031 1,931,692 8,194,544 160,491 44,954,409 43,608,854
962,550 735,152 496,186 216,051 19,168 2,391,070 113,674 5,255,544 5,062,028
7,348 2,782 161,602 149,915 29,707
30,133 12,338 480,286 118,915 211,476
7,143 50,563 4,273 14,094
4,492 4,388 89,497 43,165 10,028
16,120 3,618 307,500 51,452 175,338
2,378 3,824 32,726 20,025 12,016
2,023,647 1,226,208 4,286,556,273 290,426,439 1,051.542,806 31,032,998 317,718,545
56,280 33,328 21,177,941 1,309,844 2,080,412 23,672 2,350,028
14,242 8,297 64,505,341 2,365,186 13,916,611 75,397 3,369,233
176,955,397 139,176,302 145,101,716 9,355,636 548,054,483 626,266,074 1,276,564,500 483,798,526 38,511,396 14,501,561 66,819,206 12,823,183 4,491,990 121,065,665 4,286,556,273 263,417,584
83,330 53,575 519,690 291,950 230,217 1,819,275 12,044,145 5,369,898 164,939 35,236 4,626,132 59,569 22,666 996,307 21,177,941 1,261,472
395,680 110,548 4,187,201 161,214 215,132 12,077,712 32,006,156 12,345,949 7,065,959 2,734,383 871,442 1,206,663 470,595 2,182,928 64,505,341 4,522,578
272,123,551 1,577,425,991 38,143,936
4,044,607 922,771 1,218,528
586,703,526 451,676,880 251,715,862 298,534,854 29,955,676 537,631,026 20,772,613 3,198,627,860 2,961,729,640
6,220,321 665,293
10,552,799 6,711,606 126,034,505 21,765,130 5,167,141 301,601
Oil and gas extraction
7,144
1,089 135 10,097,824 231,831 857,476 1,578 903,524 245 302,047
6,261
623
2,991 154,684 79,839 69,052 18546 466:415 22,999,406 17,168,972 241,573 173,790 87,497 169,556 418,701 664,143 6,903 6,795 920,507 443,549 20,997 113,503 39,698 4,742 2,518,480 21,955,003
59,195 4,987,008 3,144,783 106,066 163,515 14,795 33,712 159,554 130,040 2,187 1,445 358,530 170,955 20,505 38,805 28,752 3,326 610,038 268,536
1,293 1,337,125 1,459,199 122,074 1,281,327 612,957 594,840 1,310
17,397 21,968,782 22,349,255 380,473 22,124,169 10,600,805 10,582,784 2,705
265,063 339,822 74,759 265,542 123,265 115,210 1,166
6,487 8,248 10.621 11
5 16,802 89,283 60,284 27
15,316 10,073,453 75,116 130
6,889 '25,786 17,545 4
186013 1 4:684
310.171 '45,000
380 :720 25994
138,991 ' 5.149
252,175 81,341 24,816 9,056 768,479 27,369,286 19,738,447 791,675 496,618 58,875 629,730 600,917 797,420 6,766 3,134 1,059,799 7,387 87,591 105,000 44,333 33,438 2,908,156 749,228
328,936 116,973 165,818 85,305 683,057 42,348,765 30,171,612 479,967 578,830 115.369 331,786 1,173,758 1,166,182 16,631 13,648 2,166,642 1,244,097 49,068 259,490 209,280 14,334 4,358,071 23,561,229
4,991,509 3,457,642 22,199 51,650 2,735 26,291 227,291 182,943 1,083 3,119 309,759 154,978 1,840 48,769 12,591 335 488,284 -2,530
3,395,169 142,636,826 169,483,336 26,846,510 146,589,287 66,144,308 65,769,822 217,138
462 746,908 1,493,168 746,260 981,710 35,747 351,059 3,331
25,942 23,574,833 24,347,893 773,060 23,828,928 11,411,846 11,361,037 5,310
6,901 3,863 199,617 195,754 157,890 74,819 68,203 129
608 156,740 19,987,724 6,459,746 5,321
'12 '345 3,308 56,768
5 45,494 10,196,770 -163,766 172
45,224,392 2,066,559
244,524
11015895 81:027
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1,766 80,993 14,652 26,967 14216 69:6221 9,370,842 6,400,215 110,129 189,875 10,342 102,227 368,212 189,056 6,458 2,289 577,846 474,615 5,726 58,413 128,239 5,931 741,269 1,340,220
8,364,523 7,757,287 8,818,282 5,467,726 35,957,620 3,052,674,597 2,129,928,467 57,832,552 23,422,171 13,781,147 40,769,829 81,530,302 129,307,921 1,202,130 717,398 86,295,664 5,341,489 26,605,786 26,526,129 15,690,563 1,804,079 411,918,970 145,953,263
62,374 5,478 55,826 51,734 87,8251
(1)
2,474 1,587
30,885 17,004 13,973
Corporation Returns/1975
23
RETURNS OF ACTIVE CORPORATIONS Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Item Total construction
(8) Number of returns, total .................................. With net Income ......................................... Total assets ............................................... Cash ..................................................... Notes and accounts receivable ........................... Less: Allowance for bad debts ......................... Inventories ................................................ Investments in Government obligations: United States ........................................... State and local ......................................... Other current assets ...................................... Loans to stockholders ....................... ........... Mortgage and real estate loans .......................... Other investments ........................................ Depreciable assets ....................................... Less: Accumulated depreciation ........................ Depletable assets ...................... I I ................. Less: Accumulated depletion ........................... Land ...................................................... Intangible assets (amortizable) ............................ Less: Accumulated amortization ........................ Other assets .............................................. Total liabilities ............................................. Accounts payable ..................... ................... Mortgages, notes, and bonds payable in less than Other one year ............................................... current liabilities .................................... Loans from stockholders ................................. Mortgages, notes, and bonds payable in one year or more ...................................... ......... Other liabilities ............................................ Capital stock ....................................... ..... Paid-in or capital surplus .... ............................ Retained earnings, appropriated .......................... Retained earnings, unappropriated ........................ Less: Cost of treasury stock ............................. Total receipts .............................................. Business receipts ......................................... Interest on Government obligations: United States ........................................... State and local ......................................... Other interest ............................................. Rents ..................................................... Royalties ........... - ................................... Net short-term capital gain reduced by net long-term 41 capital loss ............................................. Net long-term capital gain reduced by net short-term capital loss ............................................. Net gain, noncapital assets ............................... Dividends received from domestic corporations ........... Dividends received from foreign corporations ............. Other receipts ............................................ Total deductions ........................................... Cost of sales and operations ............................. Compensation of officers ................................. Repairs ................................................... Bad debts ................................................ Rent paid on business property .......................... Taxes paid ............................................... Interest paid .............................................. Contributions or gifts ..................................... Amortization .............................................. Depreciation .............................................. Depletion ................................................. Advertising ...... .................... ................ Pension, profit-sharing. stock bonus, and annuity plans ... Employee benefit programs ............................... Net loss, noricapital assets ............................... Other deductions .......... .............................. Total receipts less total deductions .... .................... Constructive taxable income from related foreign corporations ... .. . .............. ...................... Net income (less deficit) (line 64 plus 65 minus 37) ....... Net income ....................................... .... Deficit ........... . . . .................................. Income subject to tax ................... .................. Income tax, total ........................................... Normal tax, surtax, and alternative tax ................... Tax from recomputing prior year investment credit ....... Tax from recomputing prior year work incentive (WIN) credit ............................................ Additional tax for tax preferences ........................ Foreign tax credit ...................... I ........... I .... 1.. Investment credit ........................................... Work incentive (WIN) credit ....... 11 ........ I ........... ... Distributions to stockholders: Cash and property except own stock ..................... Corporation's own stock ..................................
Construction General building conHeavy contractors and struction operative contractors builders
Manufacturing Special trade contractors
(10)
(9)
Total manufacturing
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
(12)
(13)
(14)
(15)
(16)
191,219 108,852 76,691,947 7,328,173 21,009,988 213.653 12,554,152
74,587 39,591 39,368,084 3.317,615 9,066.924 70,499 8,385,747
15,197 9,794 16,644,007 1,605,531 4,640,349 42,468 1.132.964
101,435 59,467 20,679,856 2,405,027 7,302,715 100,686 3.035,441
217,354 136,839 944,581,970 31,054,917 208,152,300 4,307,030 172,948,362
14,442 10,333 75,310,541 3,465,806 14,594,255 295,812 16,078,674
39 29 15,051,926 393,015 1,496,779 23.851 4,305,908
5,390 3,216 19,138,761 885,543 5,008.279 99,030 5,043.240
15,944 10,449 13,772,322 964,903 4,205,963 95,143 4,665,044
536,176 289,922 6,977,178 885,532 695,696 5,450,269 28,435,327 13,907,750 175,635 42,045 3,627,124 137,387 36,434 2,789,270 76,691,947 15,006,606
228,047 114,906 4,544,980 509,337 566,303 2,486,809 9,557,528 3,704,311 75,317 16,387 2,614,596 64,342 14,132 1,640,962 39,368,084 7,655,500
193,274 122,058 988,606 70,510 55.544 1.963,256 10,808,266 6,020,437 89,295 23,539 497,426 23,619 7,003 546,756 16,644,007 2,853,578
114,855 52,958 1,443,592 305,685 73.849 1.000,204 8,069,533 4,183,002 11,023 2,119 515,102 49,426 15,299 601,552 20,679,856 4,497,528
13,871,937 3,094,718 38,616,397 2,087,998 2,096,028 144.391,968 500,263.386 242,674.676 28.305.615 10,873,312 14,936,904 5,948,896 2,061,911 38,729,473 944,581,970 115,934,741
789,214 280,395 3,126,688 276,589 127,743 11,074,057 38,716,869 17,599,648 229,125 66,726 1,363,404 251,465 53,520 2,951,963 75,310,541 9,260,106
16,807 3,538 398,415 '234,014 41,737 4,400,001 3,782,044 915,235 7,636 158,360 '35,919 722,116 15,051,926 1,032,653
120,467 23,014 462,016 57,636 25,928 1,314,267 12,479,209 6,897,161 13,944 4,848 159,914 39,318 14,645 521,670 19,138,761 2,678,504
85,646 28,932 517,804 125,107 12,420 1,088,268 3,468,735 1,728,405 885 98,087 59,255 16,818 291,639 13,772,322 2,725,902
10,740,849 9,477,324 2,459,355
7,136,756 4,768,488 1,369,226
1,501,068 1,817,788 312,286
2,103,025 2,891,048 777,843
70,931,850 77.470,481 10,658,511
5,637,275 6,415,973 749.444
1,549,600 881,095 *27,388
1,840,054 1,214,054 141,667
1,381,304 1,266,288 288,256
12,637,295 7,341,441 4,855,437 2,941,056 149,571 12,151,817 1,068,804 146,955,117 143,412,715
7,997,608 4,032,872 1,856,840 1,559,234 43,510 3,345,196 397,146 65,130,038 63,283,333
2,380,321 1,653,166 1,237,595 822,168 55,706 4,285,215 274,884 31,031,555 29,986,602
2,259,366 1,655,403 1,761,002 559,654 50,355 4,521,406 396,774 50,793,524 50,142,780
175,162,951 51,835.762 72,261,787 98,342,071 8,451,734 271,567,484 8,035,402 1,296,359,650 1,258,338.650
13,543,851 3,371,930 6,139,006 6,690,988 463,789 23,737,901 699,722 166,927,613 164,051,477
3,260,181 795,373 977,150 2,347,814 275,921 4,088,133 183,382 14,417,945 14,058,126
3,169,325 639,155 1,519,967 1,288,693 100,399 6,789,812 242,869 30,101,387 29,632,023
1,638,332 313.110 1,255,911 945,061 33,722 4,125,187 200,751 31,809,300 31,402,423
27,628 23,237 563,718 803,148 29,043
12,859 11,835 347,491 536,500 16,465
8,057 7,110 123,290 165,297 9,993
6,712 4.292 92,937 101,351 2,585
713,140 323,209 7,654,743 3,400,064 3,621,036
31,898 19,447 547,703 324,401 187,772
113 59 109,051 23,089 40,379
8.634 1,773 102,507 34,775 18,681
3,708 3,085 74,375 37,345 36,776
7,515
5,038
1,225
1,252
56,076
17,484
2,000
'956
260,109 363,046 61,909 28,499 1,374,550 144,717,309 116,845,554 4,982,128 796,035 395,513 958,923 3,010.151 1,973,244 41,511 8,894 2,846,195
147,585 145,469 21,137 7,059 595,267 64,706,438 55,001,594 1,681,261 193,397 134,657 260,396 945.193 1,162,384 15,784 3,569 818,772
75,575 156,673 32,823 18,341 446,569 30,165,983 24,217,949 650,194 331,359 66,346 232,423 614,402 402,926 9,940 2,258 1.090,087
36,949 60,904 7,949 3,099 332,714 49,844,888 37,626,011 2,650,673 271,279 194,510 466,104 1,450,556 407,934 15,787 3,067 937,336
3,782,459 1,147,815 2,926,076 4,801,853 9,594,529 1,230,689,496 925,111,030 11.529,528 15,333,994 2,914,901 10,799,292 34,402,452 22,055,903 589,254 293,238 34,663.115
192,383 93,112 129,350 365,085 967.501 159,931,567 127,366,866 938.274 1,274,932 220,074 1,025,570 4,128,820 1,783,131 70,076 16,635 2,851,285
3,793 6,047 51,294 19,448 104,546 13,042,130 9,029,025 33,025 105,085 17,161 78,151 1,020,508 400,390 6,486 290,239
37,427 13,661 36,354 19,599 194,997 29,512,517 23,297,549 367,886 236,958 94,101 259,875 666,908 498,433 16,267 4,031 875,400
12,556 5,770 8,502 5,730 218,905 30,749,980 23,777,657 757,648 66,307 94,347 367,636 737,577 355.603 20,619 3.228 286,172
28,549 356,881 799,630 545,206 51,940 11,076,955 2,237,808
9,091 162,200 245,946 114,523 29,830 3,927,841 423,600
16,399 30,971 208,791 126,387 8,352 2,157,199 865,572
3,059 163,710 344,893 304,296 13,758 4.991,915 948,636
3,619,308 12,779,274 13,667,253 9,603,033 449,056 1,328,678,865 65,670,154
35,053 3,492,979 863,371 657,144 117,441 15,089,916 6,996,046
3 586,210 122,162 103,602 1,446 1,246,145 1,375,815
2,085 204,791 159,066 104,887 25,014 2,699,266 588,870
-8 220,307 166,660 118,091 8,752 3,769,368 1,059,320
21,691 2,236.262 4,514,864 2,278,602 3,477,260 1,332,299 1,320,196 10,623
420,735 1,572,495 1,151,760 1,168.649 441,511 438,158 2,538
10,372 868,834 1,287,311 418,477 1,070,049 467,419 462,244 4,658
2,349 946,693 1,655,058 708,365 1,238,562 423,369 419,794 3,427
3,059,682 68,406,627 74,466,554 6,059,927 69,739,743 32,475,947 32,306,739 108,647
26,797 1,402,553 1,407,444 1,369,716 656,947 656,505 442
5,505 592,602 1,017,321 424,719 939,986 430,343 427,800 2,406
4,648 1,060,883 1,259,062 198,179 1,096,223 484,281 483,546 731
-3
'16
231,211 7,207,810 7,604,665 396,855 7,209,312 3,390,945 3,380,483 9,396 .3 1,063 361,161 270,300 275
128,669 34,808 '14
-137 9,326 51,017 90
4 B,257 17,933 122
1,550,198 132,262
355,097 -
212,299 21,007
134,464 19,457
1,461 52,834 147,424 81 464,553 86,582
815 25,346 36,413 21
21,034 69,754 20
6,454 41,257 '40
411 60,150 8,583,123 2,864,625 3,235
154,468 26,607
127,924 44,855
182,16i 15,120
19,973,061 B19,294
(1)
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
Corporation Returns/1975
24 RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Manufacturing-Continued Item
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ...................... .............................. 5 Notes and accounts receivable ........................... 6 Less: Allowance for bad debts ......................... 7 Inventories ................................................ Investments in Government obligations: 8 United States ................. ......................... 9 State and local ................................ ....... 10 Other current assets ...................................... 11 Loans to stockholders .................................... 12 Mortgage and real estate loans .......................... 13 Other investments ........................................ 14 Depreciable assets ........................... .. ... ... 15 Less: Accumulated depreciation ........................ 16 Depletable assets ......................................... 17 Less: Accumulated depletion ........................... 18 Land ...................................................... 19 Intangible assets lamortizable) ............................ 20 Less: Accumulated amortization ........................ 21 Other assets .............................................. 22 Total liabilities ............................................. 23 Accounts payable ..... ............. ..................... 24 Mortgages, notes, and bonds payable in less than . .. one year .......................... .... ... .. ... 25 Other current .liabilities .................................... 26 Loans from st ockholders . 27 Mortgages, notes, and bonds pa'yabIe * * -in' on' ieyear ' ' .. . ... or more ............................................ 28 Other liabilities .......................................... 29 Capital stock ................. ........................... 30 Paid-in or capital surplus ...... .......................... 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated ........................ 33 Less: Cost of treasury stock ............................. 34 Total receipts .............................................. 35 Business receipts ......................................... Interest on Government obligations: 36 United States ...... .................................... 37 State and local ..................................... ... 38 Other interest ............................................. 39 Rents ........... ......................... ... .. .... 40 Royalties ................................................. Net short-term capital gain reduced by net long-term 41 capital loss ................. ........................... Net long-term capital gain reduced by net short-term . 42 capital loss ........................................ 43 Net gain, noncapii assets ............................... 44 Dividends received from domestic corporations ........... 45 Dividends received from foreign corporations ............. 46 Other receipts ............................................ 47 Total deductions ........................................... 48 Cost of sales and operations ............................. 49 Compensation of officers ................................. 50 Repairs ................................................... 51 Bad debts ................................................ 52 Rents paid on business property ......................... 53 Taxes paid ............................................... 54 Interest paid .............................................. 55 Contributions or gifts ..................................... 56 Amortization ......... .................................... 57 Depreciation .............................................. 58 Depletion ................................................. 59 Advertising ................................................ 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ............................... 62 Net loss, noncapital assets ............................... 63 Other deductions ............................... ......... 64 Total receipts less total deductions ......................... 65 Constructive taxable income from related foreign corporations .............................................. 66 Net income (less deficit) (line 64 plus 65 minus 37) ....... 67 Net income ............................................... 68 Deficit .................................................... 69 Income subject to tax ...................................... 70 Income tax, total ............. ............................. 71 Normal tax, surtax, and alternative tax .................... 72 Tax from recomputing prior year investment credit ....... 73 Tax from recomputing prior year work incentive (WIN) credit ............................................ 74 Additional tax for tax preferences ........................ 75 Foreign tax credit .......... ........ I ......... ............ 76 Investment credit ............................. ............. 77 Work incentive (WIN) credit ................................. Distributions to stockholders: 78 Cash and property except own stock ..................... 79 Corporation's own stock .............. . .. .. ..........
Lumber and p wood roducts
Furniture and fixtures
Paper Ili and p a ad s roduct
Printing and publishing
Chemicals and allied products
Petroleum (including integrated) and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Stone, clay, and glass products
(17)
(18)
(19)
(20)
(21)
(22)
(25)
(23)
(24)
13,051 7,904 24,557,729 1,019,114 3,387,328 69,349 3,942,899
7,614 4,669 5,665,636 323,196 1,461,564 35,275 1,650,164
3,565 2,665 27,907,971 843,762 3,741,256 91,279 4,105,330
31,431 18,662 27,313,008 1,736,811 6,297,275 514,538 3,187,053
9,695 6,076 83,479,628 2,381,258 15,708,153 302,549 14,887,114
1,622 919 176,164,845 2,125,788 34,387,162 300,521 11,279,052
7,386 4,887 17,272,327 738,642 4,280,872 68,842 3,777,539
2,297 1,968 4,370,219 334,385 1,173,457 28,172 1,338,633
10,136 6,638 23,264,273 950.554 3,905,823 122,510 3,625,767
67,082 10,718 879,106 56,331 777,263 2,504,693 15,086,656 6,414,826 2,075,418 72,571 564,129 44,086 13,643 713,295 24,557,729 1,768,779
17,954 28,452 162,083 29,609 4,381 390,992 2,583,700 1,216,422 -7,211 '2,372 93,397 24,806 7,938 150,134 5,665,636 758,493
376,075 48,892 790,248 42,759 19,626 3,414,726 20,983,960 9,342,121 1,878,581 346,112 864,625 56,481 24,618 545,780 27,907,971 2,446,787
437,722 226,517 1,687,320 130,851 56,141 3,251,354 13,984,810 6,708,298 90,586 -1,347 667,194 630,435 88,412 2,241,534 27,313,008 2,610,364
818,836 89,083 2,275,268 61,765 24,589 13,325,713 56,112,821 26,706,983 678,669 172,723 1,234,593 621,155 159,321 2,602,187 83,479,628 7,962,281
3,353,449 351,095 6,052,501 106,180 64,860 46,455,766 89,925,248 40,111,219 21,424,432 9,689,127 4,125,734 2,013,026 967,544 5,568,963 176,164,845 30,740,369
57,203 57,019 264,770 95,759 42,836 1,720,097 10,273,603 4,662,385 -3,181 188 182,413 65,208 24,860 469,460 17,272,327 1,839,928
6,066 '5.683 143,757 10,140 '2,552 540,445 1,466,716 781,895 *3,473 '2,078 36,123 3,894 1,024 118,064 4,370,219 609,132
221,993 20,195 1,005,473 32,436 30,449 2,881,283 18,587,691 9,201,658 281,849 71,016 568,989 45,852 11,067 512,170 23,264,273 2,402,793
2,483,929 1,629,187 288,399
491,662 422,358 130,098
1,059,414 1,728,298 180,170
1,559,497 2,777,264 400,356
3,205,859 7,043,703 457,176
6,255,472 8,375,947 1,383,303
1,097,152 1,974,558 190,520
457,673 296,433 46,002
974,637 1,600,651 243,566
5,982,863 1,435,515 1,784,338 3,015,469 102,322 6,339,150 272,222 29,567,666 27,754,136
993.836 139,676 631,552 380,633 6,499 1,765,921 55,092 10,669,939 10,520,005
6,538,944 1,277,913 2,719,622 2,530,432 51.839 9,652,232 277,680 34,856,602 33,652,795
4,019,861 1,835,612 2,210,116 1,978,669 94,133 10,314,684 487,548 39,965,974 38,644,311
18,296,912 3,730,247 6,679,615 9,329,090 2,736,109 24,761,338 722,702 102,155,675 98,224,782
26,850,124 14,262,915 11,515,596 23,763,215 2,000,982 51,956,272 939,350 266,291,261 259,478,848
4,155,140 495,524 1,024,305 1,457,549 53,367 5,265,193 280,909 24,503,965 24,005,862
694,818 114,173 490,552 498,213 15,801 1,233,400 85,978 6,511,999 8,357,915
5,256,235 982,449 ' 2,190,628 2,142,612 104,911 7,695,947 330,156 27,261,285 26,589,002
5,972 1,519 233,622 67,506 17,243
1,199 1,516 20,757 12,721 3,822
11,962 6,749 135,691 41,440 116,920
24,706 33,099 199,030 142,919 95,375
35,878 16,304 536,367 181,318 551,323
283,143 27,659 1,311,070 805,925 462,099
5,504 3,868 88,770 42,931 42,202
689 406 42,357 11,077 3,580
6,425 2,886 121,671 63,490 74,386
1,333
5,620
223
1,583
3,588
'545
29
1,009
2,572 1,149 16,610 -1,015 74,600 8,242,137 6,045,748 140,567 41,800 34,051 181,228 209,581 147,184 5,508 490 108,279 91,939 50,883 33,667 4,750 1,146,412 269,862
84,369 35,368 41,447 55,264 185,968 26.253.894 18,119,756 417,480 674,804 90,271 264,714 806,430 551,804 12,381 5,075 1,261,563 81,528 150,407 348,055 265,029 20,727 3,183,870 1,007,391
1,133,407 47,506 55,059 24,694 225,669 8,853,153 21,032,968 457,396 284,269 70,253 285,872 736,928 709,091 12,032 5,993 1,170,506 1,109,157 109,840 152,836 101,910 13,648 2,600,454 714,513
10,861 3,194 7,265 1,189 81,790 10,124,001 7,605,290 288,102 42,842 42,851 134,699 285,270 144,719 5,725 887 196,869 *768 90,837 73,300 65,246 4,683 1,341,913 345,938
466,279 17,098 130,670 121,854 154,921 32j64ij241 23,100,978 305,315 820,297 52,511 287,649 897,400 587,811 28,158 12,611 1,378,113 201,086 268,414 376,463 255,710 3,352 4,065,373 2,215,361
104,398 41,138 72,988 38,098 568,329 37i337,962 24,716,972 1,192,192 210,403 281,702 579,188 1,184,976 523,958 37,134 17,489 1,089,239 48,726 336,468 432,029 286,152 18,497 6,382,837 2,628,012
263,802 55,842 468,734 633,483 1,184,254 94,481,187 64,056,115 668,594 1.596,756 185,714 974,691 2,131,675 1,721,784 66,906 24,255 3,777,231 204,801 2,818,160 1,330,119 593,018 33,481 14,297,887 7,674,488
529,507 492,385 320,547 1,361,074 1,218,459 249,261,932 211,967,635 185,561 2,270,401 214,258 1,649,290 7,561,022 2,545,308 51,382 16,070 4,150,789 1,224,540 276,668 1,138,075 385,600 48,250 15,577,083 17,029,329
32,734 8,486 26,995 98,669 147,694 23;568~979 16,537,946 357,530 317.393 80,622 328,527 740,747 502,578 8,551 1,731 864,507 2,278 248,355 344,292 218,033 3,050 3,012,839 934,986
6,643 719,637 1,104,539 384,902 980,454 366,889 360,689 2,698
2,655 347,077 492,980 145,903 446,391 195,717 195,441 275
83,982 2,292,594 2,396,817 104,223 2,332,866 1,024,046 1,018,451 3,938
28,793 2,623,706 2,949,870 326,164 2,728,582 1,230,340 1,227,175 2,925
491,288 8,149,472 8,521,503 372,031 8,265,022 3,900,973 3,889,909 10,131
504,912 17,506,582 17,581,791 75,209 16,022,027 7,640,623 7,592,218 16,480
10,896 942,014 1,059,236 117,222 990,932 446,503 444,301 2,190
163 269,619 365,952 96,333 325,953 147,462 147,205 256
39,290 1,043,795 1,255,454 211,659 1,154,292 519,271 512,854 4,232
2 3,500 9,833 78,946 82
1 2,603 11,041 41
1 1,656 110,891 159,233 68
*26 214 39,529 81,820 80
3 930 640,162 417,402 133
31,925 5,067,480 509,056 12
.3 9 59,355 57,351 104
1 1,612 5,792 80
2 2,183 60,135 89,472 76
345,549 98,041
56,674 2,891
708,873 '1
597,690 52,009
2,705,381 80,492
5,051,375 15,714
290,094 * 17,570
67,107 -2,184
392,484
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1
Corporation Returns/1975
25
RETURNS OF ACTIVE CORPORATIONS Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Manufacturing-Continued Item
I
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash .................................................. 5 Notes and accounts receivable ........................... 6 Less: Allowance for bad debts ......................... 7 Inventories ........................... - ....... ... Investments in Government obligations: 8 United States .......................... ................ 9 State and local ........ ................................ 10 Other current assets ................................. - _ 11 Loans to stockholders ... _ ~ .............................. 12 Mortgage and real estate loans ............ ............. 13 Other investments ...... ............ .................... 14 Depreciable assets ............................. ......... 15 Less: Accumulated depreciation ....... ......... ...... 16 Depletable assets .................................. I ... ... 17 Less: Accumulated depletion ........................... 18 Land ...................... ............................... 19 Intangible assets (amortizable) ............................ 20 Less: Accumulated amortization ........................ 21 Other assets .............................................. 22 Total liabilities ............................................. 23 Accounts payable ......................................... 24 Mortgages, notes, and bonds payable in less than 0 one year .. ............................................. 25 ther current liabilities ......... _ ....................... _ 26 Loans from stockholders ............. ................... 27 Mortgages, notes, and bonds payable in one year O more .............................. I ....... ....... 28 ther o' liabilities ................. .......................... 29 Capital stock ............................................. 30 Paid-in or capital surplus ......... ...................... 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated ........................ 33 Less: Cost of treasury stock ............................. 34 Total receipts .............................................. 35 Business receipts .... .................................... Interest on Government obligations: 36 United States ........ ........................ .... 37 State and local ..... 38 Other interest ........................ .. . ................. 39 Rents ..................................................... 40 Royalties ................................................. Net short-term capital gain reduced by net long-term 41 capital loss ...................... ...................... Net long-term capital gain reduced by net short-term 42 capital loss ......................... __ ................ 43 Net gain, noncapital assets ............................... 44 Dividends received from domestic corporations ........... 45 Dividends received from foreign corporations ...... ...... 46 Other receipts ......................................... _ 47 Total deductions ........................................... 48 Cost of sales and operations ............................. 49 Compensation of officers ... ............................ 50 Repairs ................................................... 51 Bad debts ......................... ...................... 52 Rents paid on business property ......................... 53 Taxes paid ......... ..................................... 54 Interest paid ..... ........................................ 55 Contributions or gifts ..................................... 56 Amortization ................ _ ............................ 57 Depreciation .............................................. 58 Depletion .................. .............................. 59 Advertising ................................................ 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ..... ......................... 62 Net loss, noncapital assets ........................ ...... 63 Other deductions ......................................... 64 Total receipts less total deductions ......................... 65 Constructive taxable income from related foreign corporations .............................................. 66 Net income (less deficit) (line 64 plus 65 minus 37) ....... 67 Net income ............................................... 68 Deficit .................................................... 69 Income subject to tax ................ ....... I ......... 70 Income tax, total ... ....................................... 71 Normal tax, surtax, and alternative tax , , ~ ................ 72 Tax from recomputing prior year investment credit ....... 73 Tax from recomputing prior year work incentive (WIN) credit ............................................ 74 Additional tax for tax preferences ........................ 75 Foreign tax credit ........................................... 76 Investment credit ............. ................... ......... 77 Work incentive (WIN) credit ................................. Distributions to stoclkholders~ 78 Cash and property except own stock ..................... 79 Corporation's own stock ........................ ......... 1
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical and electronic equipment
Motor vehicles and equipment
Transportation equipment xcept motor ' vehicles
Instruments and related products
Miscellaneous manufacturing and manufacturing not allocable
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
4,136 2,866 79,364,162 1,959,097 11,075,440 243,803 13,700,362
28,666 17,614 38,855,968 2,442,411 8,159,039 183,817 9,961,496
25,880 15,844 93,246,051 3,230,661 22,045,708 599,582 23,978,533
11,517 6,825 75,078,918 3,059,480 19,534,813 506,974 15,633,051
2,107 1,385 81,561,569 1,918,792 34,529,911 420,076 13,282,052
3,868 2,207 30,790,714 1,093,304 5,404,934 108,420 10,399,576
6,053 4.082 18,791,292 502,778 4,327,101 74,904 4,353,154
12,516 7,601 13,624,110 685,617 3,427,188 122,583 3,753,721
305,814 244,129 2,868,495 54,953 139,730 8,207,064 60,994,218 32,043,420 1,221,313 363,266 1,001,754 523,055 143,897 9,863,124 79,364,162 6,467,831
187,562 29,261 1,539,096 174,082 51,466 4,140,972 20,179,853 9,803,448 126,819 14,218 711,059 326,884 139,479 966,930 38,855,968 4,644,955
3,548,425 1,070,393 6,134,635 240,599 109,585 11,395,506 38,802,082 19,888,688 99,412 27,106 760,526 440,398 190,898 2,095,862 93,246,051 11,729,464
353,760 79,750 6,116,445 113,722 43,047 10,788,094 29,915,349 14,426,712 67,676 22,241 590,718 353,223 96,617 3,482,334 75,078,918 8,169,986
2,759,527 141,896 1,586,718 101,150 104,169 9,200,053 33,967,453 19,209,679
35,839 '3,267 1,333,825 33,813 382,285 4,150,262 14,411,712 8,102,198
254,661 335,970 617,794 47,017 20,262 2.591,406 9,405,817 4,361,878
6,673 766,460 71,298 10,660 2,741,689 81,561,569 8,442,575
3,485 556,500 70,510 17,670 1,112,204 30,790,714 6,531,639
57,835 16,519 653,940 63,486 14,959 1,556,949 5,134,840 2,552,397 '20,535
251,705 128,866 39,160 428,551 18,791,292 1,546,783
181,220 143,762 34,843 629,804 13,624,110 1,565,417
5,721,678 5,339,660 197,309
2,684,898 3,664,379 791,379
7,755,031 8,842,332 3,701,776
6,123,653 10,953,720 668,991
16,529,773 5,941,880 182,964
2,051,457 3,832,268 195,783
921,545 1,837,900 190,387
1,150,287 1,432,533 203,577
16,264,396 6,808,474 7,484,692 7,471,735 351,435 23,693,362 436,410 82,038,913 79,828,412
6,578,982 1,610,488 3,622,719 3,136,514 100,821 12,600,718 579.885 60,414,180 59,348,401
15,978,217 3,063,706 9,383,099 8,735,139 954,750 23,533,210 430,673 98,874,180 93,592,666
14,023,186 6.393,295 4,678,024 9,155,224 180,514 15,840,676 1,108,351 86,124,041 82,624,089
17,845,041 2,129,130 3,379,401 5,537,102 660,031 21,071,687 158,015 96,215,251 94,079,308
5,122,951 1,428,434 1,919,577 2,966,713 107,133 6,896,687 261,928 40,997,240 39,459,389
2,518,054 561,617 1,480,322 3,533,310 34,990 6,263,342 96,958 23,261,781 22,140,347
2,431,702 447,026 1,175,595 1,437,896 22,266 3,942,632 184,821 21,393,453 20,894.333
27,888 10,470 748,723 169,570 68,903
10,315 3,450 201,295 84,577 67,416
169,092 45,636 1,236,052 392,414 1,240,481
33,778 119,468 644,937 463,222 308,634
38,555 11,687 762,797 259,063 69,599
3,417 295 273,184 167,899 73,764
8,102 9,080 120,230 40,998 105,332
2 ,162 4 ,753 144,554 33,384 36,349
852
3,264
1,062
992
8,729
285
6,129
283,533 35,741 210,543 197,007 457,271 79,491,049 59,366,206 448,678 3,635,081 118,989 455,973 2,079,078 1,893,294 41,260 55,545 2,976,776 589,230 194,740 1,619,816 1,033,069 21,579 4,961,735 2,547,864
85,391 44,534 67,352 124,995 373,190 57,061,018 42,046,317 1,457,174 690,862 180,263 555,017 1,583,451 886,152 35,604 13,058 1,505,666 16,826 401,388 749,243 471,903 21,726 6,446,368 3,353,162
141,581 64,852 338,759 819,162 832,423 91,771,685 60,558,363 1,419,115 822,520 314,221 1,007,929 2,864,385 2,490,764 68,529 55,268 3,564,457 30,009 652,780 1,265,576 1,035,480 26,854 15,595,435 7,102,495
230,758 86,707 294,283 449,817 867,356 82,820,820 57,224,230 811,821 538,026 374,466 974,868 2,246,373 2,022,055 37,021 25,168 2,863,937 38,750 1,044,640 950,926 878,720 18,924 12,770,895 3,303,221
56,046 52,953 207,870 224,760 443,884 93,632,021 71,159,809 230,323 949,838 221,686 516,883 2,282,010 2,795,964 23,404 10,441 3,081,473 -9,391 629,439 2,101,700 2,225,244 22,078 7,372,338 2,583,230
29,265 22,344 266,250 36,754 664,394 39,784,422 30,289,714 248,153 323,743 52,939 360,987 1,099,393 723,369 15,440 4,133 1,138,527 22,369 126,489 895,831 435,936 19,420 4,027,979 1,212,818
35,303 10,638 136,243 166,371 483,008 21,442,306 13,583,147 285,799 290,309 68,295 259,333 592,630 321,124 16,220 12,513 786,955 '796 456,901 356,171 183,217 5,591 4,223,305 1,819,475
46,494 9,290 38,961 37 ,785 145,370 20,485,495 14,228,739 518,895 141 ,368 106,126 251,212 547,290 451,387 10,551 6,125 445,132 * 1,854 377,522 170,679 151 ,375 9 ,793 3,067,447 907 ,958
97,519 2,634,913 3,092,037 457,124 2,775,171 1,286,220 1,268,139 4,807
88,403 3,438,115 3,905,426 467,311 3,660,302 1,650,044 1,646,015 3,933
818,891 7,875,750 8,380,594 504,844 8,037,392 3,762,478 3,749,770 12,320
299,217 3,482,970 4,057,709 574,739 3,772.758 1,758,418 1,737,668 16,285
115,642 2,687,185 3,317,246 630,061 3,278,265 1,564,767 1,554,800 9,809
76,140 1,288,663 1,492,374 203,711 1,330,354 625,210 622,143 2,552
105,714 1,916,109 2,091,572 175,463 2,014,699 946,012 944,477 1,533
21 ,373 924 ,578 1,112,962 188,384 1,009,046 448,458 447,150 1,308
13,230 173,276 160,214 139
75 124,369 124,725 383
'14 '374 1,041,653 248,110 340
4,349 323,593 196,123 278
144 14 160,405 155,547 146
490 55,436 100,971 448
2 171,842 67,846 115
33 ,536 26.918 209
1,249,171 167,863
586,371 57,901
2,029,574 46,257
1,273,930 20,478
1,280,296 19,672
374,625 23,495
540, 987
170,822 26,197
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data,"
Corporation Returns/1975
26 RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Transportation and public utilities Item
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ..................................................... 5 Notes and accounts receivable ........................... 6 Less: Allowance for bad debts ......................... 7 Inventories .............. ... ............................. Investments in Government obligations: 8 United States ........................................... 9 State and local ......................................... 10 Other current assets ...................................... 11 Loans to stockholders ... ............. I ................... 12 Mortgage and real estate loans .......................... 13 Other investments ..................................... 14 Depreciable assets .... ................................... 15 Less: Accumulated depreciation .............. ......... 16 Depletable assets ................................... - ... Less: Accumulated depletion ........................... 17 18 Land ...................................................... 19 Intangible assets (amortizable) ............................ Less: Accumulated amortization .............. ....... 20 21 Other assets ........................................... 22 Total liabilities ............................................. 23 Accounts payable ......................................... 24 Mortgages, notes, and bonds payable in less than one year ............................................... 25 Other current liabilities .................................... 26 Loans from stockholders . ................................ 27 Mortgages, notes, and bonds payable in one year or more ................................................ 28 Other liabilities ................................... . I ........ 29 Capital stock -... ~. ~ . .................... 7...... ... :*.'. :... 30 Paid-in or capital surplus ................................. 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated ......................... 33 Less: Cost of treasury stock ............................. 34 Total receipts .............................................. 35 Business receipts ......................................... Interest on Government obligations: United States ............................................ 36 37 State and local ........................ ................ 38 Other interest ............................................. 39 Rents ..................................................... 40 Royalties ........................ ...... _ ........... ....
Total transportation and public udities
Transportation
(34)
(35)
Communi~ cation
Electric , g6s. -and sanitary services
Total Wholesale and retail trade
(36)
(37)
(38)
I
8,423 5,016 123,333,427 1,162,566 4,469.140 109,002 3,424,934
8,634 5,442 214,328,934 2,316,430 9,996.961 135,538 7,674,484
614,632 399,668 323,496,726 22,918,920 86,516,191 1,828,157 104,245,065
219,769 157,155 162,455,039 11.683.649 53,665,111 949.559 48,831,144
20,418 14,932 14,396,743 1,132,456 4,572,204 92,145 3,999,058
46,455 34,251 28,743,462 1,929,209 9,254.714 174,029 10,462,462
152,896 1072972 119,314,834 8,621,984 39,838,193 683,385 34,369,624
3,467,507 282,341 13,089,833 534,932 700,664 33,560,676 438,171,288 111,435,814 1,325,611 365,154 4,498,905 1,331,967 377,091 10,825,405 443,236,797 15,907,887
1,531,775 242,158 3,969,848 305,960 296,710 13,880,689 92,984,186 32,385,556 142,491 37,102 1,461,186 248,804 57,053 4,164,588 105,574,436 6,906,758
1,298,423 33,374 4,977,109 186,858 156,850 9,591,336 121,941,512 26,451,126 *2,754 -1,661 531,328 848,395 255,235 1,525,872 123,333,427 2,025,231
637,309 6,809 4,142,876 42,114 247,104 10,088,651 223,245,590 52,599,132 1,180,366 326,391 2,506,391 234,768 64,803 . 5,134,945 214,328,934 6,975,898
916,124 373,406 11,120,685 1,608,805 865,199 23,091,567 98,210,709 42,483,099 610,638 124,279 7,957,539 1,086,887 334,384 8,744,910 323,496,726 66,340,433
465,587 239,173 6,233,243 639,621 362,167 13,924,714 35,498,190 15,487,661 365,458 75,453 2,753,442 437,702 128,079 3,996,590 162,455,039 37,760,311
45,077 18,220 506,999 75,847 43,985 831,358 4,844,302 2,210,898 12,455 256,935 40,924 12,933 333,529 14,396,743 3,890,502
85,483 34,164 768,811 113,974 22,768 1,916,789 5,312,235 2,271,619 28,708 9,043 359,259 76,480 25,882 858,979 28,743,462 5,346.567
335,027 186,789 4,957,433 449,800 295,414 11,176,567 25,341,653 11,005,144 324,295 65,780 2,137,248 320,298 89,264 2,804,082 119,314,834 28,523,242
19,614,669 24,971,631 1,830,391
7,314,618 9,080,892 1,059,693
2,529,581 6,203,558 548,753
9,770,470 9,687,181 221,945
48.443,122 25,095,266 8,266,820
27,323,979 11,161,407 3,263,199
1,683,658 1,264,028 317,771
5,270,978 2,002,140 617,275
20,369,343 7,895,239 2,328,153
171,680,499 32,787,313 71,002,497 41,309,280 1,357,850 63,734,013 959,233 243,480,637 234,689,427
31,330,338 11,237,848 -81774,568 11,356,312 711,138 18,481,530 679,259 99,491,945 94,280,877
48,750,895 9,525,973 17,387,979 15,581,342 137,713 20,786,055 143,653 55,155,014 54,162,888
91,599,266 12,023,492 44,B39,950 14,371,626 508,999 24,466,428 136,321 88,833,678 86,245,662
42,295,119 16,471,155 10,406,232 3,887,244 -- 28,972,678 - 13,781,229 14,930,387 6,075,348 1,537,685 1,131,565 81,054,932 43,448,601 3,845,948 1,848,999 - 969,938,872 510,013,041 9.51,463,550 501,987,778
1,770,694 480,876 -1,147,160 549,006 40,036 3,405,676 152,664 86,123,173 65,227,317
2,926,167 511.528 -2,164;874 1,007,351 89,226 9,186,750 379,394 62,649,787 61,147,976
11,774,294 2,894,840 10,469,195 4,518,991 1,002,303 30,856,175 1,316,941 361,240,081 355,612,465
118,233 36,418 1,366,262 1,990,416 322,040
81,511 20,301 577,933 1,503,784 228,617
19,840 10,663 263,044 208,132 64,743
16,882 5,454 525,285 278,500 28,680
2,246 1,808 111,212 84,141 6,009
6,176 2.892 354,170 234,869 10,030
36,572 24,911 1,370,329 427,561 75,568
131,481 42,039 3,683,798 2,333,089 170,936
27,842
10,204
772,849 664,327 221,810 92,018 3,178,995 233,409,166
461,384 549,554 77,481 50,397 1,649,902 98,025,342
259,351 74,914 68,233 *12,097 1,307,706 83,769,008 552,587,436
49 4b 50 51 52
Gost or saies and operations ............................. Compensation of officers ......................... ....... Repairs ......... ......................................... Bad debts . ............................................... Rent paid on business property ..........................
52,114 39,859 76,096 29,524 221,387 51,614,816 ec, 1 f ~,,,7.
1,992,490 374,255 831,934 5,684,331
1,437,415 141,579
265,042 76,778 352,800 792,382
290,033 155,898 273,012 431,131
53 54 55 56 57
Taxes paid ............................................... Interest paid .............................................. Contributions or gifts ................. .. .......... . .. Amortization .............................................. Depreciation ..............................................
14,927,843 13,761,062 104,238 194,592 23,197,803
4,581,512 2,936,880 23,559 96,397 5,932,271
3,460,912
58 59 60 61 62 63
Depletion ................................................. Advertising .............................................. Pension, profit-sharing, stock bonus, and annuity plans ... Employee benefit programs ................ ........ .... Net loss, noncapital assets ................ ... .. ..... Other deductions .................... . .. ... ....
246,907 853,391 4,112,789 1,936,875 94,316 21,163,877
40,545 479,651 1,122,515 785,890 53,138 10,501,101
*194 278,341 2,118,614 779,472 6,708 5,322,742
5,340,034
235,959 122,627,325
64 Total receipts less total deductions ......................... 65 Constructive taxable income from related foreign ....... corporations ......................... . . .. * . ....... 66 Net income (less deficit) (line 64 plus 65 minus 3 i) 67 Net income .......................... ... .. ..... 68 Deficit ........................... ... ...
10,071,471
1,466,603
3,540,198
5,064,670
64,518 10,099,571 12,088,189 1,988,618
36,073 1,482,375 3,164,673 1,682,298
'18,943 3,548,478 3,741,247 192,769
69 70 71 72 73
Income subject to tax ......... ... I ......................... Income tax, total ................ . ..... Normal tax, surtax, and alternative tax ................... Tax from recomputing prior year investment credit ....... Tax from recomputing prior year work incentive (WIN) credit ....................... ... . . .. . .. .. Additional tax for tax preferences ........................
11,125,577 5,146,272 5,107,158 32,774
2,767,798 1,188,369 1,176,815 8,567
3,592,457 1,717,169 1,698,761 18,394
6,320
2,986
'14 -
-5 3,334
75 Foreign tax credit ................... I ........................ 76 Investment credit ......... 77 Work incentive (WIN) credit ....... ...... . Distributions to stockholders. 78 Cash and property except own stock ..................... 79 Corporation's own stock ........ .... ... .. ... ...... I .
119,466 2,190,067 269
42,389 268,091 98
32,650 1,047,965 94
44,427 874,011 77
8,900,353 219,033
894,952 57,548
2,856,194 10,169
5,149,207 151,316
5,029,897 363,196
206,122 4,460,818
3,602,364 32,231 13,682 8,393,476
1
Footnotes at end of table, See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
44,994 29,611 1,835,711 746,571 91,607 24,408
2,910
1,462
20,036
246,468 179,514 398,000 108,778 4,319,601 496,105,683 Q 1 71,971
24,871 11,795 17,154 1,050 632,660 85,083,917 75,261,866.1
36,584 57,495 47,552 7,840 742,741 58,805,291 45,70.9,071
185,013 110,224 333,294 99,888 2,944,200 352,216,475 300,501,039
16,126,462 3,213,517 2,266,222 13,004,985
7,925,417 1,171,788 1,018,093 2,900,159
878,285 208,441 119,754 388,753
1,709,050 167,528 189,381 450,076
5,338,082 795,819 708,958 2,061,330
6,8H,419 7,221,818 48,448 84,513 8,872,056
13,835,511 8,587,173 230,785 63,409 8,717,279
5,514,638 4,063,856 104,838 18,152 3,250,408
567,710 340,676 10,717 1,339 453,517
719,697 676,498 19,084 3,875 645,244
4,227,231 3,046,682 75,037 12,938 2,151,647
206,166 95,399 871,660 371,513 34,470
81,454 8,653,464 2,783,253 1,785,778
49,613 1,753,890 1,404,340 652,735 85,164 44,720,621
1,056 192,699 181,688 115,723 15,524 6,346,174
8,690 238,325 283,856 116,398 8,997 7,859,521
39,867 1,322,866 938,796 420,614 60,643 30,514,926
22,427,092
13,907,358
1,039,256
3,844,496
9,023,606
5,068,718 5,182,269 113,551
104,377 22,489,430 27,681,721 5,192,291
50,773 13,928,520 16,108,821 2,180,301
1,038,131 1,183,987 145,856
3,844.840 4,135,716 290,876
46,854 9,045,549 10,789,118 1,743,569
4,765,322 2,240,734 2,231,582 5,813
19,807,361 8,131,078 8,103,316 26,771
9,890,751 4,071,265 4,056,890 13,578
938,280 392,557 391,046 1,463
2,142,782 872,433 868,417 3,984
6,809,689 2,806,275 2,797,427 8,131
76 915
41 756
-3 '45
'20
2E 691
210,901 570,930 628
129,934 238,074 321
33,267 4
11,350 47,213 75
117.90E 157,594 24,
3,103,088 184,963
141,192 25,970
814,654 23,576
2,147,24, 135,41~
10,914
.1
1
(42)
63,644 34,902 105,574.436 3,991,874 11,943,559 187,542 3,077,861
42 43 44 45 46 47
74
(41)
(40)
(39)
Miscellaneous wholesale trade
80,701 45,360 443,236,797 7.470.870 26,409.660 432,082 14,177,279
Net short-term capital gain reduced by net long-term capital loss ............................................. Net long-term capital gain reduced by net short-term capital loss ............................................. Net gain, noncapital assets ............................... Dividends received from domestic corporations ........... Dividends received from foreign corporations ... - ....... Other receipts ...................... ..................... Total deductions ...........................................
41
Wholesale and retail trade Wholesale trade Total Groceries Machinery. equipment, whol:ale . and related !rl and supplies
31,895 500,268 369,658 511,702 195,060 10,505,3961 947,511,7801
1
Corporation Returns/1975
27
RETURNS OF ACTIVE CORPORATIONS Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Wholesale and retail trade-Continued Retail trade Item
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ............. ....................................... 5 Notes and accounts receivable ........................... 6 Less: Allowance for bad debts ......................... 7 Inventories ..... .......................................... Investments in Government obligations: 8 United States . ~ ......................................... 9 State and local ......................................... 10 Other current assets ............................... I ...... 11 Loans to stockholders .................................... 2 Mortgage and real estate .. .. ...loans .......................... 1 13 Other investments ...................... 14 Depreciable assets ........ * .. . ................ 15 Less: Accumulated depreciation.... ........................ 16 Depletable assets ......................................... 17 Less: Accumulated depletion ................... ....... 18 Land ...................................................... 19 Intangible assets (amortizable) ............................ 20 Less: Accumulated amortization ........... ............ 21 Other assets .............................................. 22 Total liabilities ............................................. 23 Accounts payable ......................................... 24 Mortgages, notes, and bonds payable in less than one year ............................................... 25 Other current liabilities ........................ ........... 26 Loans from stockholders ................................. 27 Mortgages, notes, and bonds payable in one year 0 or more ................................................ 28 ther liabilities ............................................ 29 Capital stock ............................................. 30 Paid-in or capital surplus ................................. 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated . . ~ ..................... 33 Less: Cost of treasury stock ............... ............. 34 Total receipts .............................................. 35 Business receipts ......................................... Interest on Government obligations: 36 United States ...... ..................... .............. 37 State and local ..................................... ... 38 Other interest ............................................. 39 Rents ..................................................... 40 Royalties .................. .............................. Net short-term capital gain reduced by net long-term 41 capital loss ............................................. Net long-term capital gain reduced by net short-term 42 capital loss ................ ....... ........... ........ 43 Net gain, noncapital assets ............................... 44 Dividends received from domestic corporations .... ...... 45 Dividends received from foreign corporations ............. 46 Other receipts ......................... .................. 47 Total deductions ........................................... 48 Cost of sales and operations ............................. 49 Compensation of officers .............. .................. 50 Repairs ................................................... 51 Bad debts ............................. .................. 52 Rents paid on business property ......................... 53 Taxes paid .............................. ................ 54 Interest paid ........................... ... .............. 55 Contributions of gifts ..................................... 56 Amortization ......... ............. .......... ........ 57 Depreciation .................. ..... . .. ............... 58 Depletion .. ......... ............. .. ... . ............. 59 Advertising . .. ... . . .......... .. . .. .... ......... 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ............................... 62 Net loss, noncapital assets ............................... 63 Other deductions ......................................... 64 Total receipts less total deductions ......................... 65 Constructive taxable income from related foreign corporations ......... . ............ .. .................. 66 Net income (less deficit) (line 64 plus 65 minus 37) .... 67 Net income ........... ... .... .. . .. ... . ............ 68 Deficit ......... ....... ........ .. .. . - .. - ... .. 69 Income subject to tax ...................................... 70 Income tax, total ... .... I ................................... 71 Normal tax, surtax, and alternative tax ....... ........... 72 Tax from recomputing prior year investment credit ....... 73 Tax from recomputing prior year work incentive (WIN) credit ...................... ..................... 74 Additional tax for tax preferences ........................ 75 Foreign tax credit .. . ........ .... ..... .. ...... . 76 Investment credit .. .... .. ..... .. .. ... . . . ... . .. 77 Work incentive (WIN) credit .......................... ...... Distributions to stockholders: 78 Cash and property except own stock ............ ........ 79 Corporation's own stock . ............... .................
Total retail trade
Building materials, garden supplies, and mobile home dealers
General merchandise stores
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishings stores
Eating and drinking places
Miscellaneous retail stores
Wholesale and retail trade not allocable
(43)
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
394,647 242,407 160,972,620 11,227,687 32,835,450 878,464 55,389,928
32,231 22,215 11,260,390 847,105 2,683,488 87,326 4,185,482
10,291 6,729 48,225,509 2,148,076 16,079,863 388,438 12,654,735
29,997 18,452 20,059,227 1,618,137 1,444,044 22,852 6,961,566
67,634 43,602 28,908,976 1,749,551 4,120,951 103,576 15,065,556
36,802 24,145 9,166,019 1,104,883 1,519,092 40,485 3,680,351
35,546 22,007 8,731,985 707,774 2,573,795 83,467 3,360,190
76,935 41,579 12,322,753 1,140,683 867,131 18,395 756,903
105,211 63,678 22,297,761 1,911,478 3,547,086 133,925 8,725,145
450,537 134,233 4,886,832 969,148 503,032 9,163,751 62,687,205 26,985,831 245,180 48,826 5,202,788 648,457 206.071 4,747,584 160,972,620 28,569,443
24,743 6,233 269,079 80,041 115,531 531,655 3,596,516 1,727,548 11,313 -1,402 447,209 21,178 5,278 262,371 11,260,390 1,712,592
47,516 5,680 1,328,894 29,300 56,729 3,612,322 16,885,148 6,717,903 '82,860 21 1,444,935 40,656 12,605 927,762 48,225,509 10,066,969
137,268 62,968 618,553 79,888 70,774 1,335,576 12,160,735 5,659,216 -7,177 *2,708 618,289 55,189 21,082 594,921 20,059,227 4,672,096
27,414 16,603 733,541 172,865 50,904 737,542 7,627,673 3,232,529 61,529 10,774 1,028,691 50,949 19,731 831,817 28,908,976 3,011,103
57,689 11,548 345,279 142,912 12,395 646,748 2,640,761 1,278,993 109,222 29,110 10,098 195,605 9,166,019 1,701,016
14,285 14,683 224,921 75,542 14,293 308,257 1,922,281 877,125 -3,843 209,956 15,614 5,775 253,566 8,731,985 1,611,453
93,660 9,863 389,364 192,480 91,963 737,010 9,819,558 3,687,135 12,550 '116 894,130 267,316 70,477 826,265 12,322,753 1,343,805
47,962 6,655 977,201 196,120 90,443 1,254,641 8,034,533 3,805,382 65,908 33,157 450,356 168,445 61,025 855,277 22,297,761 4,450,409
69,067 10,679
21,110,121 13,926,469 5,000,475
1,443,523 716,873 453,653
3.057,504 5,156.124 363,426
989,122 2,034,978 360,352
10,986,439 1,791,478 1,042,232
596,992 811,166 379,118
1,049,425 701,818 396,885
1,028,741 1,068,900 992,985
1,958,375 1,645,132 1,011,824
*7,390 -3,146
25,813,804 6,518,819 15,188,942 8,854,361 406,120 37,580,571 1,996,505 459,716,195 449,268,917
1,697,486 265,980 1,440,791 496,442 26,527 3,161,361 154,838 24,528,003 23,940,596
8,632,234 2,998,498 3,144,636 2,460,073 38,411 12.702,488 394,854 82,393,896 78,178,025
3,260,382 681,904 1,568,784 1,706,550 45,934 4,943,012 203,887 113,209,989 112,074,696
3,198,357 576,254 2,893,303 783,750 85,494 4,906,823 366,257 111,182,459 109,542,094
1,065,924 265,716 1,208,080 521,191 21,870 2,808,464 213,518 21,076,120 20,632,783
1,112,120 530,032 1,142,743 349,748 86,035 1,909,250 157,524 18,398,837 17,716,057
3,551,330 386,326 1,433,371 1,081,731 32,494 1,598,945 195,875 30,445,245 29,837,416
3,295,971 814,109 2,357,234 1,454,876 69,355 5,550,228 309,752 58,481,646 57,347,250
86,461 12,428 1,847,547 1,586,492 79,329
2,478 347 106,653 122,380 2,428
62,149 2,056 812,371 443,599 1,798
7,069 2,559 100,765 280,858 7,577
3,902 1,253 446,988 295,218 8,562
2,898 1,282 78,941 80,519 -1,204
2,268 2,259 109,580 67,377 -1,529
2,155 1,168 58,580 131,370 49,652
3,542 1,504 133,669 165,171 6,579
2,397
1,953
-
36,539 29,559 11,225 3,831 740,824 56,881,844 38,507,384 1,913,880 227,677 183,821 1,570,277 1,147,099 458,966 15,204 12,915 752,180 10,078 942,007 196,642 111,334 29,858 10,802,522 1,599,802
'225 '41
216 *106 69,067 7,584 15,630
-9,607 -1,309
'10,160 2,507 25,760 209,636 206,855 26 '26 -
7,487
702
466
1,035
425
253,575 190,103 113,692 86,282 6,183,882 451,205,873 323,670.400 8,197,107 2,040,522 1.247,954 10,102,094 8,318,122 4,521,611 125,890 45,192 5,464.090 31,841 6,897,622 1,378,373 1,132,734 150,795 77,881.526 8,510,322
29,973 21,436 11,374 *344 289,292 23,894,354 17,422,379 803,861 116,029 130,515 306,922 471,496 294,417 6,799 1,072 300,619 1,872 247,191 85,127 61,277 10,910 3,633,868 633,649
46,747 21,363 45,643 70,166 2,709,745 80,036,186 50,767,503 325.753 397,071 493,805 2,229,571 2,029,395 1,509,318 51,458 6,302 1,223,867
28,332 . 33,902 6,327 8,407 659,031 111,890,749 88,510,350 690,257 492,074 57,392 1,646,861 1,375,957 368,954 17,481 2,906 1,112,931
44,294 52,435 9,032
8,998 7,473 4,131 1,041 477,849 18,154,687 11.175,611 781,780 70,265 109,168 587,118 385,309 190,061 6,053 1,218 173,190
2,224,948 356,748 250,316 27,842 18,137,302 2,357,710
1,036,673 381,758 392,401 14,749 15,786,229 1,319,240
777,334 110,215,990 91,511.196 1,854,910 284,594 152,585 1,132,890 1,313,020 1,172,432 13,798 4,435 820,912 4,522 855.970 146,868 157,338 10,750 10,779,770 966,469
13,079 3,535 20,484 -4 240,966 20,336,708 12,206,634 770,221 77,737 79,351 1,159,992 473,968 151,127 9,182 2,737 241,137 *3,998 448,579 87,574 46,646 11,109 4,566,716 739,412
605,995 58,359 34,057 5,471 3,970,833 244,150
45,613 20,400 5,476 2,177 288,841 29,795,355 13,569,343 1,056,445 375,075 41,317 1,468,463 1,121,878 376,336 5,915 13,607 839,254 2,409 536,259 65,297 79,365 40,106 10,204,286 649,890
53,604 8,551,498 11,562,260 3,010.762 9,906,133 4,055,107 4,041,725 13,188
633,302 848,876 215,574 687,012 241,516 240,537 947
46,099 2,401,753 2,914,503 512,750 2,782,156 1,302,559 1,300,410 2,135
1,951 1,318,632 1,700,875 382,243 1,550,149 686,110 682,543 3,567
227 965,443 1.404,741 439,298 1,118,684 379,049 375,910 3,014
738,130 945,949 207,819 778,692 306,203 305,801 402
740 242,631 530,414 287,783 431,889 140,887 140,631 256
1,952 650,674 1,148,120 497,446 850.540 326,605 325.134 1,448
*2,635 1,600,933 2,068,782 467,849 1,707,011 672,178 670,759 1,419
9,412 1 0,640 * 1,228 '10,477
'33
'121 11,545
-
2 *21 2,914 41,538
(1) * 10,247 43,551 33
-
145,270 28,303
257,476 17,992
*35 159 80,967 332,721 307 1,926,181 178.233
(1) '32 107 12,689 6
*14 59,833 105,870 71
(1)
* 5,609 85,489 53
26,745 62
95 127 22:188
813,605 30,635
251,858 52,235
145,301 14,212
Footnotes at end of table. See text for "Explanation of Terms"and "Description of the Sample and Limitations of the Data."
132,668 10,415
5,294 '26 84,876 *2,253
1,913 200,224 156,833 -1,207 2,732 2,751 *1,706 '57 2,781 -
25,178 9,412
-4,701 5
Corporation Returns/1975
28 RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Finance, insurance, and real estate Item
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ........................ ........ ................... 5 Notes and accounts receivable ........................... 6 Less: Allowance for bad debts ......................... 7 Inventories ........................... ....... ............ Investments in Government obligations: 8 United States ........................................... 9 State and local ......................................... 10 Other current assets ...................................... 11 Loans to stockholders .............. ..................... 12 Mortgage and real estate loans ......................... 13 Other investments . .... .................... ............. 14 Depreciable assets ..... ................. ............... 15 Less: Accumulated depreciation ...................... _ 16 Depletable assets ......................................... 17 Less: Accumulated depletion ........................... 18 Land ............................................. ..... . 19 Intangible assets (amortizable) ............................ 20 Less: Accumulated amortization ........................ 21 Other assets .......................................... 22 Total liabilities ............................................. 23 Accounts payable ................... : ........... ...... 24 Mortgages, notes, and bonds payable in less than one year ............................. ...... ....... .. 25 Other current liabilities .................................... 26 Loans from stockholders ............ _ ................... 27 Mortgages, notes, and bonds payable in one year or more .......................... - ............ I ..... 28 Other liabilities ............ ........... ............ ...... 29 Capital stock ............................................. 30 Paid-in or capital surplus ................................. 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated ..... .................. 33 Less: Cost of treasury stock ............................. 34 Total receipts .............................................. 35 Business receipts ......................................... Interest on Government obligations: 36 United States ................................ .......... 37 State and local ............................ ............ Other interest ................. ...................... 38 39 Rents ............ ........................................ 40 Royalties ....... ............................. ......... Net short-term capital gain reduced by net long-term 41 capital loss . ~ ......... ...... __ ..................... Net long-term capital gain reduced by net short-term .................. ............. 42 capital loss ...... 43 Net gain, noncapital assets ............... ............... 44 nividends received from domestic corporations . . ~ ........ 45 Dividends received from foreign corporations . ~ ........... 46 Other receipts .......................................... 47 Total deductions ............................................ 48 Cost of sales and operations ..... ....................... 49 Compensation of officers ................................. 50 Repairs .......................... ........................ 51 Bad debts ............. ......................... ........ 52 Rents paid on business property .- ..................... 53 Taxes paid - ...... ..................................... 54 Interest paid ................. .......... ................. 55 Contributions or gifts ....... ............................. 56 Amortization .............................................. 57 Depreciation .............. .......................... .... 58 Depletion ................................................. 59 Advertising ..................... ................. ........ 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ...... .............. ... 62 Net loss, noncapital assets ............................... 63 Other deductions ......................................... 64 Total receipts less total deductions ..... ................... 65 Constructive taxable income from related foreign corporations .................. - ......................... 66 Net income (less deficit) (line 64 plus 65 minus 37) ....... 67 Net income .................. ............................ 68 Deficit .................................................... 69 Income subject to tax .................... I .......... -1 ... 70 Income tax, total ........................................... 71 Normal tax, surtax, and alternative tax .... .............. 72 Tax from recomputing prior year investment Credit ....... 73 Tax from recomputing prior year work incentive (WIN) credit .: .......................................... 74 Additional tax for tax preferences ........................ 75 Foreign tax credit ........................................... 76 Investment credit ................... .... ............... I ... 1 77 Work incentive (WIN) credit .................... ............ Distributions to stockholders: 76 , Cash and property except own stock ..................... 79 Corporation's own stock ..................................
1
Total finance, insurance, and real estate
(53)
Banking
Credit agencies other than banks
Security, commodity brokers , and services
(54)
(55)
(56)
Insurance
Insurance agents, brokers, and service
Real estate
Holding and other investment companies, except bank holding companies
(57)
(58)
(59)
(60)
411,846 243,409 2,321,965,956 210,336,337 678,312,372 23,578,291 3,525,486
14,118 10,821 1,242,841,603 181,866,597 588,180,016 9,092,713 382,917
52,873 32,361 429,401,942 13,912,793 51,891,547 12,910,576 1,148,805
4,58d 2,500 31,161,002 890,738 11,898,867 33,671 10,009
7,133 4,734 410,752,292 5,176,206 8,934.813 196,021 531,735
35,950 23,223 7,663,848 1,462,838 3,063,731 33,048 9,184
255,603 145,212 97,779,522 4,218.483 8,918,249 336,193 1,377,743
41,589 24,558 102,365,747 2,808,682 5,425,149 976,069 65,093
157,132,845 134,531,893 66,453,372 2,726,048 542,052,874 395,127,080 107,177,104 30.893,858 706,922 268,791 25,515,800 1,338,098 402,154 52,172,819 2,321,965,956 36,013,854
120,444,440 99,014,824 22,237,932 199,791 118,423,889 76,071.676 22,199,992 4,858,235 13,698 1,080 2,110,468 240,066 75,509 25,482,834 1,242,841,603 3,880,994
16,474,578 1,675,723 6,174,789 956,969 317,951,175 17,986,650 9,502,071 2,945,227 140,923
2,344,387 167,512 11,480,060 33,619 76,341 2,483,020 678,928 278,945 '14,027
14,360,408 32,395,837 14,403,699 205,244 92,189,937 220,429,566 8,069,898 1,370,768
129,200 72,162 285,973 80,242 36,999 1,183,631 901,579 377,904
2,509,868 149,554 46,511 4,915,420 429,401,942 4,702,454
44,795 39,570 10,748 1,323,594 31,161,002 11,755,226
638,501 94,852 19,332 14,900,279 410,752,292 7,395,476
84,568 192,008 69,265 641,024 7,663,848 3,414,409
442,335 205,441 7,684,236 971,935 3,816,801 8,074,326 60,214,740 20,048,406 281,485 79,214 18,057,234 468,321 136,855 3,648,861 97,779,522 3,403,678
2,937,497 1,000,394 4,186,683 278,248 9,557,732 68,898,211 5,609,896 1,014,373 246,234 98,596 2,070.366 153,727 43,934 1,260,807 102,365,747 1,461,617
103,758,811 1,421,731,305 9,181,040
29,899,111 1,058,709,335 11824,115
40,828,830 293,884,260 1,104,171
7,761,997 5,167,027 148,660
4,167,704 58,318,315 1,005,171
477,032 634,563 111.445
12,173,882 3,707,914 4,274,187
8,450,255 1,309,891 713,291
141,707,857 339,802,562 59,049,099 118,175,267 16,068,291 81,218,354 4,740,484 315,795,981 157,126,715
21,060,938 40,812,593 18,600,466 28,790,641 5,023~917 34,697,826 458,333 90,637,012 11,942,549
55,290,543 10,732,634 6,139,552 5,018,412 2,697,243 9,295,814 291,971 40,920,263 10,273,448
1,091,886 1,203,411 691,200 1,967,941 43,943 1,531,955 202,244 6,484,077 2,553,507
6,279,044 276,259,430 5,502,323 12,878,831 6,725,897 32,749,257 529,156 135,482,425 109,727,641
676,717 343,450 590,318 587,827 5,113 946,159 123,185 7,242,138 6,968,290
47,046,278 5,872,218 9,780,080 7,198,058 295,116 5,103,485 1,075,374 26,919,507 14,566,398
10,262,451 4,578.626 17,745,160 61,733,557 1,277,062 -3,106,142 2,060,221 8,110,559 1,094,882
9,482,070 6,247,498 111,310,735 11,859,117 458,350
7,177,139 4,473,647 62,297,150 1,329,497 9,837
1,199,400 102,262 27,675,613 377,831 5,770
238,762 53,788 617,668 18,196 3,004
612,362 1,534,587 16~1385,008 1,723,097 19,091
10,291 4,727 112,958 25,887
31,102 19,529 1,101,433 7,790,223 110,852
213,014 58,958 2,620.905 594,386 309,672
13,300
17,883
20,573
798
31,300
51,539
17,401 2,537,039 52,345 3,11 53 371,331 5,800,320 154,281 611,240 14,486 30,992 280,975 231,018 651,432 6,588 3,843 79,436 744 45,484 103,669 47,924 8,548 3,529,660 683,757
342,387 44,337 2,163,385 27,462 2,382,495 130,844,347 68,976,087 460,000 52,592 272,139 820,780 2,992,823 1.765,525 15,876 9,356 965,136 7,599 360,340 959,133 229,525 31,930 52,925,506 4.638,078 -
11,110 5,993 17,284 5,405 79,271 6,829,925 1,708,106 1,108,449 17,123 59,423 192,516 198,923 85,811 8,216 6,915 118,841 66,234 131,949 55,254 7,090 3,064,909 412,213
666,085 1,534,110 97,657 2,696 968,122 26,248,031 5,337,527 1,323,348 663,148 179,679 808,582 2,536,111 4,352,157 25,267 15,356 2,389,536 36,018 449,418 89,620 57,395 170,767 7,814,102 671,476
627,327 43,840 2,048,899 811641 365,496 5,283,698 479,983 204,530 34,973 569.112 74,919 223,037 1,505,778 5,490 6,20~A 187,371 37,241 18,233 21,62~ 11,30E 58,222 1,845,66E 2,826.861
1,095 631,064 715,269 84,205 612,665 284,283 283,833 204
10,946 3,114,437 5,231,845 2.117,408 4,271,354 2.024,449 2,021,564 2,670
411,652 551,888 140,036 412,743 150,988 150,714 261
'365 652,312 2,754,837 2,102,525 2,097,107 674,022 670,557 1,730
14,36C 2,782,26~ 3.803,561 1,021,29E 507,42f 180,77( 179,51; 37:
246 3,028 6,230 .1
215 134,917 27,770 65
5,406 4,138
1,684 1,359 26,294 .8
88! 22,111 3,471
77,414 -3,506
1 405021 21 ~088
150,208
14,815
2,054,993 4,653,932 4,787,809 185,053 7,479,501 297,963,817 84,614,209 8,382,006 1,311,978 6,606,075 4,223,806 9,125,550 77,677659 150,944 79,720 6,877,795 88,995 2,264,670 2,433,380 902,438 776,980 92,447,612 17,832,164
216,793 332,086 364,130 55,087 2,422,282 83,405,059 3,449,984 3,824,111 385,977 3,911,465 1,624,834 2,217,536 45,488,502 70,729 26,669 2,528,005 4,715 779,825 927,612 397,373 381,397 17,386,323 7,231,953
171,890 156,527 44,109 9,609 890,504 39,552,437 4.508,241 850,328 143,679 1,583,265 421,200 726,10,0 23,828,454 18,778 1 11,377 609,470 2,512 545,136 199,768 103,659 119,026 5,881,444 1,367,826
78,664 11,663,330 18,825,003 7,161,673 13,141,553 5,644.729 5,588,647 14,947
20,081 2,778,387 3,703,327 924,940 3,372,285 1,503,334 1,485,274 5,815
27,451 1,293,015 2,064,276 771,261 1,867,951 826,683 797.193 3,894
58 41,077 748,039 222,812 173
-4 12,241 548,633 123,994 81
3 25,793 32,578 30,910 18
8,729,977 448,373
2,629272 302:597
591,771 24.899
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(1)
1
(1) 171,479 5,601
504,855 1 1
3.350,16 74,16
Corporation Returns/1975
29
RETURNS OF ACTIVE CORPORATIONS Table 2.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars]
Item
Hotels and other lodging places
Personal services
(61)___
(62)
(63)
(64)
(65)
435,672 249,641 90,534,067 7,613,280 15,055,716 573,815 4,452,947
16,047 7,961 12,420,791 517,996 769,938 47,830 228,837
37,666 22,935 4,851,564 537,942 863,483 24,381 380,323
110,294 62,238 26,751,915 2,445,979 6,790,457 200,776 1,199,109
50,015 30,634 10,289,866 637,676 1,467,505 41,067 796,460
551,798 439,065 4,129,550 1,057,321 1,183,400 10,708,433 60,178,165 24,651,082 151,517 53,801 4,761,320 1,712,538 785,864 4,603,579 90,534,067 8,380,830
16,814 '13,806 321,064 110,753 175,435 1,391,532 10,854,369 3,767,989
12,334
1,209,406 142,484 36,231 491,195 12,420,791 550,717
257,764 91,837 29,807 331,962 4,851,564 424,941
352,059 276,233 1,422,309 286,975 172,327 4,065,261 14,146,002 6.665,035 58,272 28,130 696,134 338,234 95,627 1,492,132 26,751,915 3,452,631
11,178,932 8,434,818 3,726,689
1,048,166 574,935 639,448
435,443 345,178 244,230
27,083,346 4,874,079 9,080,364 9,573,193 245,189 9,398,156 1,441,529 131,377,364 125,747,462
6,140,414 569,896 1,324,283 1,245,868 12,569 554,688 240,193 9,216,277 8,557,063
42,766 24,010 808,730 1,108,881 309,415
3,182 1,210 67,536 114,228 18,392
14,660
3,009
409,903 358,427 117,772 70,882 2,364,456 127,996,443 63,724,869 13,516,549 1,314,987 591,135 5,128,493 4,444,485 3,279,438 61,781 60,762 6,760,323 22,229 1,557,085 2,361,011 662,819 148,056 24,362,421 3,380,921
131,246 30,370 15,270 * 1,588 273,183 9,159,434 4,333,078 179,846 228,833 66,953 576,922 528,108 606.832 2,901 6,997 620,064 2,928 178,825 18,178 38,206 22,370 1,748,393 56,843
39,833 3,396,744 6,025,592 2,628,848 4,468,681 1,640,778 1,625,093 14,700
55,633 400,721 345,088 279,149 106,354 104,229 1,711
Total services
1 Number of returns, total .................................. 2 With net income ......................................... 3 Total assets ............................................... 4 Cash ............. ....................................... 5 Notes and accounts receivable .............. ..... 6 Less: Allowance for bad debts ......................... 7 Inventories ................................................ Investments in Government obligations: 8 United States ........................................... 9 State and local .................... .................... 10 Other current assets ...................................... 11 Loans to stockholders ..................... ........... 12 Mortgage and real estate loans .......................... 13 Other investments ........................................ 14 Depreciable assets .... .................................. 15 Less: Accumulated depreciation ........................ 16 Depletable assets .. ~ .... ................................. 17 Less: Accumulated depletion ........................... 18 Land ...................................................... 19 Intangible assets (amortizable) ............................ 20 Less: Accumulated amortization ..................... 21 Other assets .............................................. 22 Total liabilities ............................................. 23 Accounts payable ......................................... 24 Mortgages, notes, and bonds payable in less than one year .......... .................................... 25 Other current liabilities ................................ ... 26 Loans from stockholders .. ~ .............................. 27 Mortgages, notes, and bonds payable in one year 0 or more . ........ ...... I I ....... I ................... 28 ther liabilities ... ........................................ 29 Capital stock ............................................. 30 Paid-in or capital surplus ................................. 31 Retained earnings, appropriated .......................... 32 Retained earnings, unappropriated ........................ 33 Less: Cost of treasury stock ........ .................... 34 Total receipts .............................................. 35 Business receipts . ........................................ Interest on Government obligations: 36 United States .............. ........ ................... 37 State and local ......................................... 38 Other interest ...................................... ...... 39 Rents ........... ..................................... 40 Royalties ................................................. Net short-term capital gain reduced by net long-term 41 capital loss ............................................. Net long-term capital gain reduced by net short-term 42 capital loss ............................................. 43 Net gain, noncapital assets ... ........................... 44 Dividends received from domestic corporations ........... 45 Dividends received from foreign corporations ............. 46 Other receipts ... ................................... 47 Total deductions ........................................... 48 Cost of sales and operations ............................. 49 Compensation of officers ........... ..................... 50 Repairs ................................................... 51 Bad debts ............... ............................ ... 52 Pent paid on business property ................ ......... 53 Taxes paid ............................................... 54 Interest paid ................ ............................. 55 Contributions or gifts ~ .................................... 56 Amortization ........................................... 57 Depreciation .............................................. 58 Depletion ..................... ............ __ .......... 59 Advertising ................ ............................... 60 Pension, profit-sharing, stock bonus, and annuity plans ... 61 Employee benefit programs ............................... 62 Net loss, noncapital assets ............................... 63 Other deductions ............ ...................... ..... 64 Total receipts less total deductions ... ..................... 65 Constructive taxable income from related foreign corporations .......... .......................... ........ 66 Net income (less deficit) (line 64 plus 65 minus 37) ....... 67 Net income .. ~ ...... ..................................... 68 Deficit .................................................... 69 Income subject to tax ...................................... 70 Income tax, total ........................................... 71 Normal tax, surtax, and alternative tax ... I ............... 72 Tax from recomputing prior year investment credit ....... 73 Tax from recomputing prior year work incentive (WIN) credit ............................................ 74 Additional tax for tax preferences ........................ 75 Foreign tax credit .... ...................................... 76 Investment credit ........................................... 77 Work incentive (WIN) credit ................................. Distributions to stockholders: 78 Cash and property except own stock ..................... 79 Corporation's own stock ................. __ .......
Major industry-Continued Services Auto repair, Business miscellaneous services repair services
7 978 73,281 243,184 676 655,402 47,555
Amusement and recreation services
Other services
Nature of business not allocable
l66)
(67)
(68)
16,051,407 1,189,389 1,502,377 65,672 996,672
183,749 107,706 20,168,525 2,284,29B 3,661,956 194,089 851,546
1,701 814 365,528 28,912 89,556
6,506 11,665 298,965 87,700 47,294 488,058 9,503,722 3,768,210 -1,735 380,120 58,740 10,198 323,194 10,289,865 873,263
66,168 45,805 990,130 114,568 600,258 2,427,831 10,345,855 4,557,112 -2,531 1,271,851 844,853 541,813 817,716 16,051,407 1,102,873
97,917 56,607 911,032 396,316 170,694 2,001,170 11,392,385 3,742.453 31,115 7,596 946,045 236,390 72,188 1,147,380 20,168,525 1,976,405
'834 7,810 -1,836 15,273 39,094 78,220 36,400 '4,560 -4,560 24,040 -1,178 20,974 365,528 49,183
4,220,660 2,797,453 934,353
1,988,010 487,291 325,342
1,191,815 2,295,878 634,463
2,294,838 1,934,083 948,853
32,888 42,688 12,025
1,006,558 224,015 699,923 174,427 46,037 1,404,586 153,774 8,445,394 8,254,725
5,821,322 1,621,058 2,335.809 3,385,051 69,608 2,547,671 433,701 38,444,277 36,611,419
3,711,584 437,543 726,507 518,983 24,801 1,309,758 113,217 13,080,128 12,533,369
4,549,424 884,108 1,892,758 1,835,798 37,906 1,829,702 203,318 17,062,679 15,727,988
5,854,044 1,137,459 2,101,084 2,413,066 54,268 1,751,751 297,326 45,128,609 44,062,898
77,793 33,577 23,116 23,782 79,833 9,357 691,731 656,476
315 2,600 25,878 27,292 15,361
23,808 13,130 340,062 392,844 18,010
1,339 54,226 180,371 5,916
4,641 2,357 155,494 236,659 222,562
9,481 4,255 165,534 157,487 29,174
3,996
2,348
234
4,262
-
81,600 8,129,757 4,339,996 646,316 116,682 35,058 398,387 335,483 122,155 4,929 5,304 371,405 .9 130,853 61,628 35,848 2,249 1,523,455 315,637
90,350 131,625 38,540 37,527 742,966 37,286,330 20,875,848 2,408,922 263,019 187,768 1,276,779 1,130,018 895,136 28,262 24,395 1,868,861 7,486 415,454 323,574 184,100 63,305 7,333,403 1,157,947
26,226 120,090 3,739 '1,520 150,526 12,774,126 6,690,461 739,991 231,709 87,816 507,312 424,749 529,887 2,597 2,517 1,651,540
80,403 36,666 20,303 2,350 555,796 44,246,076 19,126,971 8,960,408 244,191 157,984 1,651,053 1,399,015 633,933 11,221 10,922 897,595 11,216 220,138 1,807,741 286,990 21,780 8,804,918 882,533
2,831 1,768 570 (1) * 8,657 668,535 491,079 31,747 1,957 1,123 8,483 9,635 9,840 220 .1
108,768 51,672 55,391 18,109 1,671,505 306,002
70,604 26,351 33,716 21,688 560,385 16,400,720 8,358,515 581,066 230,553 55,556 718,040 627,112 491,495 11,871 10,627 1,350,858 488 503,047 98,218 62,284 20,243 3,280,747 661,959
316,646 413,689 97,043 313,323 115,505 114,560 945
19,308 1,164,125 1,931,970 767,845 1,454,544 561,598 555,923 5,641
305,544 525,883 220,339 400,772 134,012 130,687 3,298
14,448 674,050 1,112,584 438,534 860,064 370,510 369,683 591
880,746 1,640,745 759,999 1,160,829 352,799 350,011 2,514
23,121 40,352 17.231 18,474 6,612 6,577
414 951 13,011
5,612 12,573 '63
27,998 69,322 328
-7 267 5,433 47,047 205
-2 170 -
57,064
64,303 2,198
288,437 18,944
248,158
10,730
(1)
'Estimate should be used with caution because of the small number of sample returns on which it is based. 'less than $500 per return NOTE: See text for "Explanation of Terms- and "Description of the Sample and Limitations of the Data."
186,050 61,009 17,392 334,581 3,935,832 2,150,283 19,220
11,074 13,325 6,204
37,901 18,167
'27 '339 29,367
32,948 71,864
43,958 * 1,303
153,482 * 15,630
95,993
(1) 4,631 1,585
6,713 4,362 4,323 801 95,688 23,196
Corporation Returns/1975
30 RETURNS WITH NET INCOME
Table 3.-Balance Sheets and Income Statements, by Major Industry [AJI figures are estimates based on samples--money amounts are in thousands of dollars) Major industry Item
Total returns with net income
Mining
Iriculture, orestry,_ and fishing
To!al mining
(2)
(3)
Coal mining
Metal mining (4)
(5)
Oil and gas extraction
Nonmetalli minerals except fu~ls
(6)
(7)
1,226,208
33,328
8,297
135
1,587
4,261
2,314
...............................................
3,540,625,791
14,138,441
51,938,648
4,587,022
7,924,682
35,136,469
4,290,475
3 4 5 6
Cash ..................................................... Notes and accounts receivable ........................... Less: Allowance for bad debts ......................... Inventories .................. ~1: .... - * * ....... * ....... * ... Investments in Government o igations:
241,562,822 861,196,450 24,582,529 265,555.727
1,D01,449 1,468,674 14,485 1.652,461
2,002,936 12,5B8,805 55,474 2,585,053
126.132 398,620
565,773 1,379,249 11,490 406,046
967.015 10,234,467 31,057 1,306,421
344,016 576,469 11,658 460.719
7 8
United States ........................................... State and local .........................................
141,090,131 98,208.205
73,448 41,683
298.398 107,776
10.855 . 45
74,802 80,321
190,204 23,820
22,537 3,590
3,966,498 96,272 191,858 9,580.984 24,903,948 9.740,735
267,300
545,057 49,166 20,341 934,873 4,808,683 1,880,358
3,036,029 38,217 138,305 6,614,006 14,382,597 5,196.630
118,112 8,819 21,862 257,881 3,831,822 1,881,783
3,588,975 1,786,385 216,882 877,374 347,249 883,478
246,215 35,922 225,487 11,357 2,883 93,835
1 Number of returns with net Income ...................... 2 Total assets
411,867
9 10 11 12 13 14
Other current assets ...................................... Loans to stockholders .................................... Mortgage and real estate loans .......................... Other investments ........................................ Depreciable assets ....................................... Less: Accumulated depreciation ........................
114,403,283 6,534,207 472,187,325 534,310,865 1,067,133,482 405,805,108
357,394 182.636 96,547 1,187,965 8,141,239 3,718,039
15 16 17 18 19 20
Depletable assets ......................................... Less: Accumulated depletion ........................... Land ...................................................... Intangible assets (amortizable) ............................ Less: Accumulated amortization ........................ Other assets ..............................................
34,067,496 13,483,291 45,652,330 10,066,198 3,599,655 96,127,853
91,902 25,223 2,855,679 42,991 16,448 718,568
4,688,011 2,148,239 715.661 1,040,582 404,726 1,521,040
412,133 217,328 26,506
253,989
440,688 108,604 246,786 109,449 25,838 289,738
21 Total liabilities .............................................
3,540,625,791
14,138,441
51,938,648
4,587,022
7,924,682
35,136,469
4,290,475
217,943,864
819,471
3,390.073
237,862
564,118
2,271,671
316,422
190,864,262 1,283,203,414 23,068,192
2,183,292 731,240 515,106
2,437,055 8,811,779 211,746
126,333 179,405
690,641 837,835 40,028
1,424,909 7,616,804 56,430
195,172 177,735 44,152
450,980,273 399,855,751
3,386,322 425,684
6,314,449 3,032,691
830,261 246,913
1,279,898 323,614
3,681,270 1,9134,048
523,020 558,116
2,329,991 1,143,775 73,838 2,737,730 208,008
1,837,617 8,887,545 2,063,012 15,250,347 297.666
248,394 859,295 1,787,534 22,234
349,556 658,637 92,689 3,126,147 38,481
896,388 7,242,672 1,930,401 8,253,075 141,199
343,279 126,941 17,799 2,083,591 95,752
22 23
11,350 1,774,224 1,880,846 781,964
27
Accounts payable ......................................... Mortgages, notes, and bonds payable in less than one year ............................................... Other current liabilities .................................... Loans from stockholders ................................. Mortgages, noI s a n d bo nds pay abl in one y ar r Other 0 more liabilities - - - -a........................ - - - - - - - - - - - -a..; .................... - .. - -a- ' .........
28 29 30 31 32
Capital stock ............................................. Paid-in or capital surplus ................................. R:tained earnings, appropriated .......................... R tatined earnings, unappropriated ........................ Less: Cost of treasury stock ............................
206,638,973 237,040,029 25,697,680 521,961,968 16,628,615
33 Total receipts ..............................................
2,702,584,664
21,541,407
59,935,653
2,448,664
9,849,823
43,521,355
4,115,811
34
2,508,486,612
20,426,078
58,072,041
2,275,448
9,517,502
42,321,444
3,957,647
8,400,780 4,603,362 104,126,599 16,265,206 4,791,120
6,226 1,798 127,655 106,114 23,177
24,925 8,853 431,903 103,040 180,423
5,536 *485 29,732 2,405 7,090
4,260 4,384 84,768 37,889 8,791
13.458 3,398 290,187 46,202 156,084
1,671 586 27,216 16,544 8,458
24 25 26
35 36 37 38 39
Business receipts ......................................... Interest on Government obligations: United States ............................ .............. State and local ......................................... Other interest ............................................. Rents ..................................................... Royalties ................................................. Net short-term capital gain reduced by net long-term capital loss ............................................. Net long-term capital gain reduced by net short-term capital loss .......................... .................. Net gain, noncapital assets ............................... Dividends received from domestic corporations ........... Dividends received from foreign corporations ............. Other receipts ............................................
224,095
4.520
4,426
-
1,763
1,982
7,304,982 6,267,700 7,733,114 5,187,249 29,193,845
179,344 58,999 21,492 577,587
286,528 102,168 132,695 69,038 519,613
37,547 704 28,671 '35,805 25,241
77,853 11,200 26,418 14,215 60,780
141,464 74,158 66,567 18,297 388,114
29,664 16,106 11,039 '721 45,478
46 Total deductions ...........................................
z,531,81uJ30
20,046,903
35,602,643
2,255,089
8,387,473
21,184,327
3,775,754
47 48 49 50 51
Cost of sales and operations ............................. Compensation of officers ................................. Repairs ................................................... Bad debts ................................................ Rent paid on business property ..........................
1,788,768,639 46,027,711 19,765,454 9,637,818 30,928,226
14,652,139 623,323 362,491 17,897 504,435
26,228,358 388,403 500,988 101,413 278,366
1,593,870 13,312 37,741 *845 11.074
5,808,016 90,678 157,326 8,216 92,850
16,438,220 196,674 160,843 81,204 145,984
2,388,252 87,739 145,078 11,148 28,458
52 53 54 55 56
Taxes paid ........................................ ... .. Interest paid .............................................. Contributions or gifts ..................................... Amortization .............................................. Depreciation ............................ .................
68,122,188 100,910,646 1,188,214 530,617 71,661,631
462,156 454,476 6,753 1,163 711,460
896,883 837,820 16,507 7,640 1,699,837
76,618 73,415 989 2,392 116,440
332,921 155,623 6,454 1,669 484,598
364,131 534,686 6,878 3,258 825,309
123,213 74,096 2,186 321 273,490
57 58 59 60 61 62
Depletion .................................................. Advertising ...... .... .........~ti ... ....................... nus, and annuity plans ... Pension, profit-sharing, stock Employee benefit programs ............................... Net loss, noricapital assets ............................... Other deductions .........................................
4,842,085 22,431,998 23.254,026 12,876,433 681,596 330,182,848
5,837 61,508 95,516 37,889 6,795 2,043,065
1,051.075 43,102 226,332 188,266 5,600 3,132,053
93,121 1,438 32,036 6,831 194,886
458,392 5,150 56,924 121,257 3,810 603,589
365,926 17,406 109,045 37,832 968 1,895,963
133,636 19,108 28,327 22,346 741 437,615
63 Total receipts less total deductions ......................... 64 Constructive taxable income from related foreign corporations .............................................. 65 Net income (line 63 plus 64 minus 36) ..................... 66 Income subject to tax ......................................
170,774,534
1,494,504
24.333,010
193,575
1,462,350
22,337,028
340.057
3,312.164 169,483.336 146,588,637
462 1,493,168 981,710
23.736 24,347,893 23.828,928
6,527 199,617 157,890
1,233 1,459,199 1,281,327
15,625 22,349,255 22,124,169
339,822 265,542 120,802 115,210 1,133
40 41 42 43 44 45
67 Income tax, total .......... ................................ 68 Normal tax, surtax, and alternative tax ................... 69 Tax from recomputing prior year investment credit ....... 70 Tax from recomputing prior year work incentive (WIN) credit ........................................... 71 Additional tax for tax preferences ........................
66,104,089 65,769,607 190,406
353,744 351,059 2,328
11,405,708 11,361,037 4,887
72.592 68,203 85
612,018 594,840 1,163
10,600,296 10,582.784 2,506
535 143,541
*12 '345
5 39,779
-
5 16,010
-
-
4,304
15,006
4,459
72 Foreign tax credit ..................... I .................... 1 73 Investment credit .................................... ...... 74 Work incentive (WIN) credit ................................. Distributions to stockholders: 75 Cash and property except own stock ..................... 76 Corporation's own stock .............................. ...
19,987.724 6,459,710 5,319
3.308 56,768 '87
10,196,770 163,766 172
8,248 10.821 11
89,283 60,284 27
10.073,453 75,116 '130
'25,786 17,545 4
906124 69:450
116,546 -
308,971 '45,000
~67 314 24:250
113,293
42,222.830 232,096 1,902,442 . Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1
Corporation Returns/11975
31
RETURNS WITH NET INCOME Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Construction
1 Number of returns with net Income ...................... 2 Total assets ............................................... 3 Cash ......................................................... 4 Notes and accounts receivable ................................ 5 Less: Allowance for bad debts .............................. 6 Inventories .................................................... Investments in Government obligations: 7 United States ............................................... 8 State and local ............................................. 9 Other current assets ................. ........................ 10 Loans to stockholders ......................................... 11 Mortgage and real estate loans ............................... 12 Other investments ............................ ................ 13 Depreciable assets . . 14 Less: Accumulated depreciation ....... ......... ....* ..... .....* ..*' 15 Depletable assets ............................................. 16 Less: Accumulated depletion ................................ 17 Land ......................................................... 8 Intangible assets (amortizable) ................................. 9 Less: Accumulated amortization .............................. 20 Other assets .................................................. 21 Total liabilities ............................................. 22 Accounts payable .. ~ . ~ .... ....... .......... ................ 23 Mortgages, notes, and bonds payable in less than one year ................................................... 24 Other current liabilities ........................................ 25 Loans from stockholders ...................................... 26 Mortgages, notes, and bonds payable in one year or more ..................................... 27 Other liabilities ................................... ........ . 28 Capital stock .................................................. 29 Paid-in or capital surplus ...................................... 30 Retained earnings, appropriated ................................ 31 Retained earnings, unappropriated ............................. 32 Less: Cost of treasury stock ................................... 33 Total receipts .............................................. 34 Business receipts ........................ I ................... Interest on Government obligations: 35 United States ............................................... 36 State and local ........................................... 37 Other interest ............................................. ... 38 Rents ............................. ........................... 39 Royalties .................. _ .................................. Net short-term capital gain reduced by net long-term 40 capital loss ................................................. Net long-term capital gain reduced by net short-term 41 capital loss ........... ......... ........................... 42 Net gain, noncapital assets ........... ........................ 43 Dividends received from domestic corporations ................. 44 Dividends received from foreign corporations ................... 45 Other receipts ................................................ 46 Total deductions ........................................... 47 Cost of sales and operations .................................. 48 Compensation of officers ........................... .......... 49 Repairs ....................................................... 50 Bad debts .................................................... 51 Rent paid on business property ............................... 52 Taxes paid .................................................... 53 Interest paid .................................................. 54 Contributions or gifts .......................................... 55 Amortization ................................................... 56 Depreciation ......................................... . . .... 57 Depletion ..................................................... 58 Advertising ........................... ........................ 59 Pension, profit-sharing, stock bonus, and annuity plans ......... 60 Employee benefit programs .................................... 61 Net loss, noncapital assets .................................... 62 Other deductions ................ .. ........ ... ........ 63 Total receipts less total deductions .............................. 64 Constructive taxable income from related foreign corporations ......... ......................................... 65 Net income (line 63 plus 64 minus 36) .......................... 66 income subject to tax ............... 67 Income tax, total ................................................ 68 Normal tax, surtax, and alternative tax ......................... 69 Tax from recomputing prior year investment credit ..... ....... 70 Tax from recomputing prior year work incentive (WIN) credit ............................................... Additional tax for tax preferences ........................ .. 71 72 Foreign tax credit .......... .......................... - .. 73 Investment credit ................................................ 74 Work incentive (WIN) credit ..................................... Distributions to stockholders: 75 Cash and property except own stock .......................... 76 Corporation's own stock ..............................
Manufacturing
Total construction
General building contractors and operative bulders
Heavy concstruction ontractors
Special trade contractors
Total manufacturing
Food and kindred products
Tobacc; man 0 factu re s
Textile mill products
Apparel and other textile products
(8)
(9)
(10)
If 1)
(12)
(13)
(14)
(15)
(16)
Item
108,852 51,987,891 6,004,628 15,125,045 123,136 7,518,335
39,591 24,040,741 2,573,447 6,239,420 29,672 4,583,544
9,794 12,764,608 1,390,074 3,493,004 27,522 730,880
59,467 15,182,542 2,041,107 5,392,621 65,942 2,203,911
136,839 827,206,194 27,590,478 178,622,966 3,452,187 149,619,671
10,333 69,290,501 3,226,661 13,587,138 270,215 14,554,067
29 14,786,547 385,179 1,453,533
3,216 13,968,380 692,754 3,501,478 57,775 3,835,602
10,449 11,784,942 856,279 3,637,668 81.767 4,019,043
483,471 221,543 4,576,976 471,603 387,885 3,816,856 19,536,081 9,731,808 114,144 29,769 1,981,715 91,870 22,544 1,564,996 51,987,891 10,196,341
201,617 90,016 2,836,978 217,222 294,551 1,373,185 6,011,468 2,501,014 30,357 7,621 1,266,774 41,141 8,131 827,459 24,040,741 5,144,042
178,619 90,644 756,858 41,225 40,846 1,702,725 8,037,826 4,450,300 80,609 21,671 353,018 20,107 5,157 352,823 12,764,608 1,990,330
103,235 40,883 983,140 213,156 52,488 740,946 5,486,787 2,780.494 3,178 *477 361,923 30,622 9,256 384,714 15,182,542 3,061,969
13,630,777 2,978,688 34,218,353 1,735,393 1,911,882 128,912,078 438,450,168 212,670,928 26,781,322 10,529,465 12,780,267 5,331,548 1,898,733 33,193,916 827,206,194 99,812,737
762,430 280,395 2,837,140 258,101 87,634 10,501,203 35,454,387 16,165,570 227,759 '66,016 1,246,507 210,177 45,455 2,604,158 69,290,501 8,367,997
16,807 3,538 395,579 *234,014 41,737 4,389,223 3,654,352 845.847 7,636 151,021 '35,919 689,782 14,786,547 1,014,062
111,447 19,595 316,949 36,199 23,708 942,512 9,272,741 5,255,236 10.389 4,848 127,546 22,459 9,561 382,421 13,968,380 1,773,523
82.490 28,930 421,173 61,550 12,244 896,931 2,871,806 1,391,478 885 84,953 46,704 13,430 250,961 11,784,942 2,334,781
5,258,942 6,763,726 1.108,526
3,164,822 3,134,339 539,942
881,768 1,491,085 170,262
1,212,352 2,138,302 398,322
53,415,703 69,867,869 8,036.625
4,433,153 5,958,599 597,386
1,481,715 857,173 '27,388
1,034,101 958,649 80,955
1,095,867 1,098,299 170,505
6,718,340 5,105,702 3,290,944 1,782,760 118,078 12,380,343 735,811 110,511,031 107,952,305
3,708,943 2,646,002 1,163,881 752,070 27,333 3,977,308 217,941 47,623,816 46,385,106
1,613,725 1,222,073 925,140 708,868 50,051 3,913,396 202,090 24,517,440 23,665,621
1,395,672 1,237,627 1,201,923 321,822 40,694 4,489,639 315,780 38,369,775 37,901,578
145,765,074 46,421,807 62,894,550 83,660,835 7,606,936 256,710,809 6,986,751 1,149,106,208 1,114,887,306
12,069,717 3,066,841 5,574,563 5,961,271 438,828 23,476,531 654,385 154,591,037 151,881,559
3,185,601 790,004 964,936 2,316,253 275,921 4,055,794 182,300 13,911,941 13,558,761
1,916,829 532,144 1,124,855 857,026 8,456 5.843,626 161,784 23,201,157 22,876,091
1,295,232 254,591 1,005,518 767,639 32,736 3,888,309 158,535 27,326,344 26,985,579
23,438 17,187 409,307 529 649 25~700
10,326 8,976 231,014 329424 15:347
6,926 4,487 102,728 129514 8~634
6,186 3,724 75,565 70,711 1,719
693,065 316,067 6,549,309 2,992,596 3,392,735
30,608 19,205 518,207 300,945 180,033
112 59 108,597 21,837 39,983
7,614 1,443 59,072 26,154 16,773
3,360 3,085 58,214 30,505 26,718
11,560 5,129 6,852 5,202 190,015 26,068,059 20.269,695 643,969 53,346 72,215 293,414 611,041 274,490 20,616 2,276 242,297
4,201,988
4,982
3,591
876
515
30,749
5,849
2,000
182,621 253,842 50,976 27,297 1,033,727 106,000,215 86,580,387 3,678,629 587,098 189,233 633,491 2,233,164 1,068,400 40,752 5,162 1,986,062 21,199 217,970 686,259 419,796 13,385 7,639,228 4,510,816
96,281 101,938 15,383 6,287 420,143 46,050,947 39,794,980 1,195,468 141,098 47,544 166,870 672,873 560,690 15,390 2,284 550,753 5,919 89,323 209,380 81,799 4,686 2,511,890 1,572,869
59,438 112,850 28,986 17,936 379,444
26,902 39,054 6,607 3,074 234,140
3.525.964 1,007,884 2,708,565 4,581,690 8,420,278
185,106 86,951 118,691 364,785 899,098
50,921 19,319 101,143
23,235,926 18,731,917 507,189 248,872 25,555 178,409 485,153 268.888 9,917 2,103 800,830 13,579 20,356 178,994 104,166 2,674 1,657,324 1,281,514
36,713,342 28,053,490 1,975,972 197,128 116,134 288,212 1,075,138 238,822 15,445 775 634,479 1,701 108,291 297,885 233,831 6,025 3,470,014 1,656,433
1,077,315,028 811,893,732 9,577,456 13,609,058 2,291,403 9,296.086 30,486,211 17,890,826 588,816 214,640 30,222,951 3,349,944 11,651,693 12,145,257 8,118,517 233.605 115,744,833 71,791,180
147,198,378 117,215,628 835,089 1,180,004 182,857 936,033 3.693.995 1,547,963 70,067 15,095 2,628,308 34,861 3,381,018 819,594 601,099 54,077 14,002,690 7,392,659
12,531,071 8,625,704 29,212 103,886 16,693 74,023 1,001,006 387,953 6,486 1,850 283,968 3 575,428 119,826 100,736 1,446 1,202,851 1,380,870
31,297 11,669 30,112 9.432 130,552 22,187,886 17,654,737 286,829 190,447 55,274 179,869 513,109 299,239 16,263 3,645 646,974 2,075 170,474 137,709 79,181 3,709 1,948,352 1.013,271
21,235 4,514,864 3,477,260 1,329,298 1,320,196 7,772
8,602 1,572,495 1,168,649 440,150 438,156 1,279
10,284 1,287,311 1,070,049 466,782 462,244 4,037
2,349 1,655,058 1,238,562 422,366 419,794 2,456
2,991,441 74,466,554 69,739,743 32,460,027 32,306,739 96,286
231,211 7,604,665 7,209,312 3,390,112 3,380,483 8,577
26,633 1,407,444 1,369,716 656,852 656,505 347
5,493 1,017,321 939,986 429,865 427,800 1,936
'3,862 1.259,062 1 ~096,223 484,104 483,546 554
713 25,346 36,413 21
-3 '498 21,034 69,754 20
'16
1,311 52,834 147,424 81
341 56,661 6,583,123 2,864,625 3,235
-3 1,049 361,161 270,300 275
-
129 9,326 51,017 90
8,257 17,933 122
425,163 86,087
134,713 26,607
119,681 44,781
19,114,808 788,442
1,536,258 127~313
188,115 19,869
124,802 19,137
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
6,454 41,257 170,769 14,699
128,669 34,808 350,884 -
187,285 150,42Z 94,888 6,466 3,145,631 1,258,285
4 -
32
Corporation Returns/1975
RETURNS WITH NET INCOME Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Item
1 Number of returns with net Income ....................... 2 Total assets ............................................... 3 Cash ..................................................... 4 Notes and accounts receivable ........................... 5 Less: Allowance for bad debts ......................... 6 Inventories .................. ............................. Investments in Government obligations: 7 United States ........................................... 8 State and local ......................................... 9 Other current assets ...................................... 10 Loans to stockholders .................................... 11 Mortgage and real estate loans .......................... 12 Other investments ................... ............ ....... 13 Depreciable assets .............. I ........................ 14 Less: Accumulated depreciation ........................ 15 Depletable assets .................... I ............ I ....... 16 Less: Accumulated depletion ........................... 17 Land ...................................................... 18 Intangible assets (amortizable) . ..... ...................... 19 Less: Accumulated amortization ... .................... 20 Other assets .......................... ................... 21 Total liabilities ............................................. 22 Accounts payable ......................................... 23 Mortgages, notes. and bonds payable in less than 0 one year ............................................... 24 that current liabilities .................................... 25 Loans from stockholders .............................. 26 Mortgages, notes, and bonds payable in one year or more ..................................................... 27 Other liabilities ............................................ 28 Capital stock ............................................. 29 Paid-in or capital surplus ................................. 30 Retained earnings, appropriated .......................... 31 Retained earnings. unappropriated ........................ 32 Less: Cost of treasury stock ........... .................. 33 Total receipts .............................................. 34 Business receipts ......................................... Interest on Government obligations: 35 United States ........................................... 36 State and local ......................................... 37 Other interest ............................................. 38 Rents ..................................................... 39 Royalties .. ................................................ Net short-term capital gain reduced by net long-term 40 capital loss ............................................. Net long-term capital gain reduced by net short-term 41 capital loss ............................................. 42 Net gain, noncapital assets ............................... 43 Dividends received from domestic corporations ..... ..... 44 Dividends received from foreign corporations ........... ~3 01 .net receipts ............................................ 46 Total deductions ........................................... 47 Cost of sales and operations .................... ........ 48 Compensation of officers ..... ........................... 49 Repairs ................................................ 50 Bad debts ................................................ 51 Rent paid on business property .......................... 52 Taxes paid ............................................... 53 Interest paid .............................................. 54 Contributions or gifts ..................................... 55 Amortization ...................... ....................... 56 Deprecialion .............................................. 57 Depletion .................. .............................. 58 Advertising ................................................ 59 Pension, profit-sharing, stock bonus, and annuity plans ... 60 Employee benefit programs ................... ........... 61 Net loss, noncapital assets ............................... 62 Other deductions ......................................... 63 Total receipts less total deductions ......................... 64 Constructive taxable income from related foreign corporations ................. ............................ 65 Net income (line 63 plus 64 minus 36) ..................... 66 Income subject to tax ...................... .... .... I ..... I . 67 Income tax, total ........................................... 68 Normal tax, surtax, and alternative tax ................... 69 Tax from recomputing prior year investment credit ....... 70 Tax from recomputing prior year work incentive (WIN) credit ............................................ 71 Additional tax for tax preferences ........................ 72 Foreign tax credit ........................................... 73 Investment credit ........................................... 74 Work incentive (WIN) credit ................................. Distributions to stockholders: 75 Cash and property except own stock ..................... 76 Corporation ' s own stock ..................... ............
Lumber and wood products
Furniture fixtures
Paper and allied products
Major industry-Continued Manufacturing-Continued Petroleum Chemicals (including Printing iand and allied integral ad) publish ng products and products coal
Rubber and miscellaneous plastics products
Leather and leather products
Stone, clay, and glass products
(23)
(24)
J25)
(17)
(18)
7,904 20,082,596 836,379 2,724,343 53,292 3,121,666
4,669 4,376,578 261,503 1,155,101 26,266 1,233,657
2,665 26,231,877 793,864 3,502,695 85,041 3,784,187
18,662 24,560,359 1,584,009 5,287,919 318,473 2,841,007
6,076 T~,063,758 2,250,732 14,444,184 278,390 13,625,315
919 173,638,966 2,066,377 34,093,010 285,963 11,103,662
4,887 16,060,500 689,750 3,986,940 61,507 3,513,207
1,968 3,021,939 312 ,475 823 , 191 13 ,935 925 ,416
6,638 '17,698,780 809, 132 2,910,562 84 ,596 2 ,921 , 135
64,256 6,421 662,902 41,036 766,127 2,116,004 12,409,365 5,219,945 1,684,889 58,550 457,237 33,975 9,117 498,900 20,082,596 1,296,508
17,006 20,673 123,094 19,480 4,055 336,212 1,959,500 929,898 *7,211 *2,372 68,706 20,479 5,950 114,387 4,376,678 529,013
375,304 48,876 701,432 37,491 13,922 3,375,328 19,593,073 8,770,222 1,847,226 340,512 831,404 49,151 20,502 494,201 26,231,877 2,240,812
425,850 221,845 1,548,757 111,541 49,789 3,060,340 12,489,670 5,942,849 89,994 851 598,323 546,404 70,223 2,037,307 24,560,359 2,032,384
818,216 68,416 2,039,704 58,568 24,397 12,304,017 51,080,832 24,544,320 657,035 162,870 998,981 574,575 148,271 2,252,637 76,063,758 7,238,494
3,351,403 351,068 6.002,791 97.013 64,780 45,613,437 89,174,131 39,868,504
6 ,066 '3,150 78,852 7 ,380
20,857,610 9,589,819 4,080,661 1,995,513 956,938 5,488,734 173,638,966 30,457,411
57,203 56,577 215,296 94,015 41,801 1,673,428 9,404,808 4,238,003 '1,055 '45 166,373 53,561 21,325 427,366 16,060,500 1,616 ,643
213 ,150 17,207 597, 443 24, 745 21 , 765 2,063, 187 14,851 , 955 7,330,660 236,439 50, 563 411 ,548 24 ,799 7 ,582 339,114 17,698,780 1 ,350 ,298
1,836,030 1,348,559 133,873
307,012 335,058 78,329
861,171 1,643,963 148,691
1,149,645 2,561,864 235,611
2,737,748 6,545,950 361,331
5,743,492 8,280,562 1,018,460
4,758,042 1,192,546 1,316,160 2,521,547 85,704 5,817,070 223,443 23,858,798 22,296,222
612,543 90,405 469,256 260,488 6,478 1,731,314 43,318 8,411,700 8,292,605
5,956,740 1,218,631 2,554,397 2,367,867 49,461 9,414,693 226,549 32,624,410 31,452,608
3,217,106 1,672,208 1,936,746 1,618,170 86,250 10,450,672 400,297 35,505,948 34,306,976
15,64,654 3,488,957 5,789,061 7,956,247 2,732,601 24,041,197 642,482 94,555,851 90,973,546
4,979 1,254 207,945 54,979 11,388
1,146 1,503 17,487 9,129 3,426
11,544 6,749 130,194 38,878 115,903
23,483 32,185 189,002 132,183 90,310
35,364 16,062 494,531 170,030 482,378
209
1,557
3,538
1,014,863 37,258 41,780 23,936 163,047 22,759,648 16,552,566 355,323 229,751 48,011 213,966 584,740 549,937 12,029 5,086 937,989 996,532 85,353 136,235 83,104 4,123 1,964,903 1,099,150
9,119 1,631 3,918 1,189 70,527 7,919,872 5,868,221 212,833 34,678 27,889 94,952 217,687 92,519 5,725 706 146,149 *768 70,836 61,995 44,598 970 1,039,346 491,828
460,970 13,089 129,827 121,854 142,585 30,304,826 21,371,252 274,091 789,231 45,641 267,760 833,842 525,342 28,151 10,165 1,293,007 186,567 261,628 361,559 232,133 2,767 3,821,690 2,319,584
96,116 30,901 70,455 37,038 495,742 32,552,686 21,712,077 984,071 186,141 227,178 486,498 1,057,878 424,468 37,113 13,625 962,045 48,044 303,829 407,595 254,278 12,207 5,435,639 2,953,262
6,643 1,104,539 980,454 366,046 360,689 1,856
2,655 492,980 446,391 195,686 195,441 244
83,982 2,396,817 2,332,866 1,023,975 1,018,451 3,867
28,793 2,949,870 2,728,582 1,230,074 1,227,175 2,685
2 3,499 9,833 78,946 82
1 2.603 11,041 41
1 1,656 110,891 159,233 68
(1)
214 39,529 81,820 80
640,162 417,402 133
326878 97:193
54,548 1,104
703,133 *6,699
591,702 49,913
2,573,052 79,927
1,147
(19)
(20)
ootnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Linnitatio a of the Data.
(21)
(22)
313,117 971 , 867 519,556
27,225 1 ,625 516 81,893 3,021,939 445 ,495
26,346,61-i 14,088,701 11,482,315 23,333,231 1,984,645 51,836,127 932,590 263,995,680 257,280,663
902,395 1,903,398 128,472 - I 3,850,480 467,969 885,497 1,331,472 52,710 5,160,654 239,190 22,596,556 22, 116,919
6,163,573 6,069, 118
3 ,721 , 148 801,858 1 ,759,074 1 , 367, 199 1 89,274 6, 904, 548 238,465 22,169,188 21 , 619,728
283,124 27,659 1,263,125 796,012 459,307
5,278 3,848 85,321 40,818 41,741
586 375 26,719 10 ,413 3,211
5,898 2 ,569 95 ,005 43 ,692 65,839
'250
29
246,917 52,398 453,202 601,709 1,026,176 86,478,707 58,471,728 584,571 1,523,348 161,658 889,739 1,987,203 1,480,850 66,893 19,683 3,517,062 197,035 2,660,167 1,266,511 557,131 16,481 13,078,647 8,077,144
522,474 473,331 317,754 1,361,074 1,210,620 246,891,142 210,257,721 173,042 2,242,387 207,111 1,609,609 7,399,541 2,432,460 51,382 14,800 4,102,771 1,200,584 274,438 .1,130,364 380,633 48,147 15,366,152 17,104,538
30,941 7,495 26,505 98.593 138,847
1 ,960 547 16 ,023
21,544,294 15,067,849 306,475 299,961 73,218 299,655 691,220 456,782 8,540 1,029 797,375 -1,469 237,263 338,033 203,142 2,682 2,759,601 1 ,052, 262
34,255 5,797,409 4 ,365 ,435 116 ,339 35 ,419 15 ,226 125,166 147 ,800 62 ,195 5.505 381 73,675 63, 945 35, 367 24, 361 736 725,859 366, 164
77 ,628 26 ,455 38 ,586 44 ,.q,19 148,480 20,945,706 14 ,472 ,875 328 ,222 568 ,985 64, 393 204,762 650, 556 384, 348 12, 356 2, 873 996,207 64, 292 121 , 092 299, 164 230;221 5, 534 2,539,826 223 1 , , 482
460,421 8,521,503 8,265,022 3,900,370 3,889,909 9,558
504,912 17,581,791 16,022,027 7,637,783 7,592,218 13 ,640
10,822 1,059,236 990,932 446,062 444,301 1 , 752
163 365,952 325,953 147,382 147,205 176
34, 541 1 ,255, 454 1,154,292 517 ,054 512, 854 2 ,700
9 59,355 57,351 104
1 1,612 5,792 80
2 1,498 60 ,135 89 ,472 76
2 901
(1)
31,925 5,067,480 509,056 12
1
5,046,499 15,714
1
287,923 '17,278
188 ,899 216,818 28 ,964 I 319 ,144 81,270 391 , 399 184, 142 * 1 3, 540 1 , 190, 513 38,245
1
54 ,951 '2,1841
557 ,340 1 ,259 ,482 127, 024 -
340 ,519
Corporation Returns/1975
33
RETURNS WITH NET INCOME Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Gontinued Manufacturing-Gontinued Item
Number of returns with net income ...................... Total assets ............................................... Cash ............................... ..................... Notes and accounts receivable ........................... Less: Allowance for bad debts ......................... Inventories ................................................ Investments in Government obligations: United States ...... .............................. State and local ......................................... Other current assets .................................. I ... Loans to stockholders .................................... Mortgage and real estate loans .......................... Other investments ........................................ Depreciable assets ....................................... Less: Accumulated depreciation ........................ Depletable assets ............. I ................. I ... I ..... Less: Accumulated depletion ........................... Land ...................................................... Intangible assets (amortizable) ............................ Less: Accumulated amortization ........................ Other assets .............................................. Total liabilities ............................................. Accounts payable ......................................... Mortgages, notes, and bonds payable in less than one year ............................................... Other current liabilities .................................... Loans from stockholders ................................. Mortgages, notes, and bonds payable in one year or more ................................................ Other liabilities ............................................ Capital stock ............. ............................... Paid-in or capital surplus ................................. Retained earnings, appropriated .......................... Retained earnings, unappropriated ........................ Less: Cost of treasury stock ............................. Total receipts .............................................. Business receipts ......................................... Interest on Government obligations: United States ........................................... State and local ......................................... Other interest ............................................. Rents ..................................................... Royalties ................................................. Net short-term capital gain reduced by net long-term 40 capital loss ......................... ................... Net long-term capital gain reduced by net short-term capital loss ........ ............... .................... Net gain, noncapital assets ............................... Dividends received from domestic corporations ........... Dividends received from foreign corporations ............. Other receipts ............................................ Total deductions ........................................... Cost of sales and operations ..................... ....... Compensation of officers ................................. Repairs ................................................... Bad debts ................................................ Rent paid on business property ........... I .............. Taxes paid ............................................... Interest paid ........................... .................. Contributions or gifts ..................................... Amortization .............................................. Depreciation .............................................. Depletion ................................................. Advertising ................................................ Pension, profit-sharing, stock bonus, and annuity plans ... Employee benefit programs ............................... Net loss, noncapital assets ............................... Other deductions ......................................... Total receipts less total deductions ......................... Constructive taxable income from related foreign corporations ....... ...................................... Net income (line 63 plus 64 minus 36) ..................... income subject to tax ...................................... Income tax, total ........................................... Normal tax, surtax, and alternative tax ................... Tax from recomputing prior year investment credit Tax from recomputing prior year work incentive (WIN) credit .............................. I ............. Additional tax for tax preferences ........................ Foreign tax credit . .......................................... Investment credit ........................................... Work incentive (WIN) credit ................................. Distributions to stockholders: Cash and property except own stock ..................... Corporation's own stock .... ........ ....................
Primary let industries me
Fabricated metal products
Machinery, except electrical
Electrical and electronic equipment
Motor ve-hicles and equipment
Transportation equipment, except motor vehicles
Instruments and related products
Miscellaneous manufacturing and manu-facturing not allocable
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
1,385 49,869,803 1,193,592 21,495,051 237,978 8,812,765
2,207 28,304,417 1,023,178 4,922,122 99,394 9,651,819
4,082 16,476,911 446,249 3,741,592 54,512 3,763,025
7,601 11,442,358 595,133 2,841,742 100,044 3,233,834
2,749,505
35,819 -3,267 1,264,203 25,988 380,554 3,762,102 13,478,016 7,637,501
227,651 335,674 477,047 23,485 '18,166 2,235,513 8,756,498 4,054,771
49,869,803 4,446,703
-3,484 422,335 47,469 12,133 1,005,602 28,304,417 6,056,383
'773 220,939 79,275 28,309 287,256 16,476,911 1,325,497
52,860 16,519 560,250 58,017 8.820 1,188,169 4,418,667 2,186,599 '20,535 -6,442 152,759 108,284 21,846 501,700 11,442,358 1,216,009
2,866 61,377,521 1,642,074 9,212,300 203,438 10,516,809
17,614
15,844
33,729,236 2,237,326 7,121,199 149,658 8,627,445
86,199,575 2,968,769 20,457,787 546,140 22,006,961
6,825 68,240,650 2,719,063 17,723,411 421,166 13,327,061
61,377,521 4,575,725
179,270 28,287 1,287,541 143,098 44,519 3,737,460 17,516,291 8,580,632 125,190 14,204 559,402 276,148 121,958 712,512 33,729,236 3,864,432
3,482,128 1,052,501 5,826,001 222,434 61,134 10,712,746 35,535,252 18,362,361 90,851 24,401 644,965 375,472 174,301 1,869,777 86,199,575 10,826,895
330,899 79,161 5,865,892 106,109 41,441 10,223,158 27,159,672 13,026,957 66,948 22,105 528,188 310,813 82,898 3,311,960 68,240,650 6,803,672
4,973,780 4,268,245 118,604
1,879,476 3,271,817 498,522
6,767,541 8,076,199 3,484,338
5,180,967 10,347,392 434,054
9,003,803 4,351,700 95,314
1,839,118 3,626,348 65,758
576,873 1,676,945 82,025
865,577 1,280,849 121,021
12,071,592 5,122,554 5,535,776 5,592,901 292,425 19,165,958 340,039 65,610,618 63,731,424
5,196,101 1,399,935 3,199,772 2,614,440 82,213 12,228,036 505,508 53,108,856 52,170,568
14,181,237 2,709,592 8,678,509 7,726,777 949,269 23,171,978 372,760 90,110,264 85,088,561
12,380,622 6,010,661 3,914,096 7,968,961 1 74,787 16,030,352 1,004,914 77,175,212 74,037,567
10,476,277 1,268,309
56,071,012 54,933,715
4,647,523 1,359,934 1,717,996 2,670,869 105,066 6,461,960 246,538 38,289,351 36,831,146
1,858,815 476,762 1,233,864 3,053,237 34,627 6,238,629 80,363 20,947,763 19,925,365
1,887,059 327,935 986,025 995,325 14,853 3,907,933 160:228 18,880,949 18,458,585
24,284 9,907 633,769 155,372 50,283
9,722 3,374 178,376 71,899 63,693
166,847 44,143 1,181,322 342,878 1,222,327
31,956 119,183 604,881 444,002 270,544
34,155 9,505 238,128 90,817 42,458
3,399 244,938 156,934 72,815
7,531 9,051 90,044 27,153 100,142
2,075 4,734 124,432 27,966 33,463
271,017 240,566 2,257.113 50,484 110,767 5,893,889 47,368,459 25,740,651 777,173 175,990 791,210 457,765 136,223 8,044,197
739,194 24,645 92,033 3,574,102 21,298,826 12,059,368 '32,208 209,984 60,981 6,918 1,799,051
2,374,735 2,195,773 97,092 15,694,915 134,818
837
3,261
985
989
1,080
285
6,116
253,465 27,654 169,364 167,694 386,565 62,590,325 46,446,099 366,854 3,199,481 88,600 366,677 1,636,043 1,476,209 41,113 31,947 2,338,840 502,301 161,107 1,289,836 863,712 7,779 3,773,727
133,956 53,684 312,089 817,105 746,367 82,500,781 54,257,176 1,169,100 759,203 269,990 876,480 2,625,265 2,223,339 68,450 46,368 3,293,855 29,786 582,698 1,200,700 948,395 20,170 14,129,806 7,609,483
228,741 79,149 278.336 376,850 703,014 73,290,248 50,984,774 654,986 496,265 312,358 829,107 1,976,677 1,741,309 37,015 14,864 2,601,325 38,717 918,518 903,425 813,960 7,732 10,959.216 3,884,964
49,215 23,393 156,340 169,481 322,725 52,858,667 39,252,226 167,215 348,072 123,495 355,383 1,468,090 1,611,387 23,404 3,760 1,890,642 377,787 1,403,897 1,479,859 10,632 4,337,703 3,212,345
27,159 21,362 258,957 36,754 635,428 36,872,709 28,150,752 208,584 304,440 31,916 317,987 1,008,174 645,604 15,440 3,885 1,062,236 22,361 103,728 868,573 398,914 12,626 3,717,489 1,416,642
24,242 7,544 131,410 163,889 455,276 18,951,108 11,949,837 247,335 283,576 54,320 212,916 525,868 231,269 16,205 7,363 731,411 '779 412,676 343,086 168,816 3,513 3,762,136
3,020,293
76,152 36,619 64,160 124,278 306,754 49,287,254 36,521,135 1,188,158 649,122 140,427 453,396 1,374,592 680,361 35,532 10,963 1,295,783 16,793 359,588 712,001 419,476 7,515 5,422,412 3,821,602
1,996,655
40,497 6,002 33,283 36,832 113,062 17,784,252 12,426,245 445,158 131,315 72,933 208,694 481,884 362,802 10,531 4,276 381,032 * 1,854 342,835 159,365 139,878 4,293 2,611,157 1,096,697
81,651 3,092,037 2,775,171 1,282,885 1,268,139 4,162
87,198 3,905,426 3,660,302 1,649,643 1,646,015 3,532
815,254 8,380,594 8,037,392 3,762,048 3,749,770 11,914
291,928 4,057,709 3,772,758 1,757,994 1,737,668 15,892
114,406 3,317,246 3,278,265 1,562,762 1,554,800 7,840
75,906 1,492,374 1,330,354 625,123 622,143 2,476
103,968 2,091,572 2,014,699 945,865 944,477 1,386
20,999 1,112,962 1,009,046 448.342 447,150 1,192
10,540
75 124,369 124,725 383
1,041,653 248,110 340
323,593 196,123 278
119 3 160,405 155,547 146
'14 490 55,436 100,971 448
2
173,276 160,214 139 1,062,355 162,876
576,124 56,937
1,979,682 43,979
1,242,278 19,620
1,011,656 19,672
368,808 23,495
4,322
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data,"
171,842 67,846 115
33,536 26,918 209
531,916
162,725 16,499
Corporation Returns/1975
34 RETURNS WITH NET INCOME
Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Confinued Transportation and public utilities Item
1 Number of returns with net income ...................... 2 Total assets ............................................... 3 Cash ..................................................... 4 Notes and accounts receivable ........................... 5 Less: Allowance for bad debts ......................... 6 Inventories ................................................ Investments in Government obligations: 7 United States ........................................... 8 State and local ......................................... 9 Other current assets ...................................... 10 Loans to stockholders .................................... 11 Mortgage and real estate loans .......................... 12 Other investments ........................................ 13 Depreciable assets ....................................... 14 Less: Accumulated depreciation ........................ 15 Depletable assets ......................................... 16 Less: Accumulated depletion ........................... 17 Land ...................................................... 18 Intangible assets (amortizable) ............................ 19 Less: Accumulated amortization ........................ 20 Other assets .............................................. 21 Total liabilities ............................................. 22 Accounts payable ......................................... 23 Mortgages, notes. and bonds payable in less than one year ........ ...................................... 24 Other current liabilities .................................... 25 Loans from stockholders ................................. 26 Mortgages, notes, and bonds payable in one year or more ....................... ................ ........... 27 Other liabilities ............................................. 28 Capital stock ............................................. 29 Paid-in or capital surplus ................................. 30 Retained earnings, appropriated .......................... 31 Retained earnings, unappropriated ........................ 32 Less: Cost of treasury stock ............................. 33 Total receipts .............................................. 34 Business receipts ......................................... Interest on Government obligations: United States .......................... ................ 35 State and local ......................................... 36 Other interest ............................................. 37 Rents ..................................................... 38 Royalties ......... .................................. .... 39 40 41 42 43 44
-
Net short-term capital gain reduced by net long-term capital loss .......................... ................. Net long-term capital gain reduced by net short-term capital loss ...................... ...................... Net gain, noncapital assets ............................... Dividends received from domestic corporations ........... Dividends received from foreign corporations ............. -1-- ..-V.. ............................................
46 Total deductions ........................................... 47 Cost of sales and operations ............................. 48 Compensation of officers ................................. 49 Repairs ................................................... 50 Bad debts ................................................ 51 Rent paid on business property .......................... 52 Taxes paid ............................................... 53 Interest paid .............................................. 54 Contributions or gifts ..................................... 55 Amortization .............................................. Depreciation .............................................. 56 57 Depletion ................................................. 58 Advertising ................................................ 59 Pension, profit-sharing, stock bonus, and annuity plans ... 60 Employee benefit programs ............................... 61 Net loss, noncapital assets ............................... 62 Other deductions ......................................... 63 Total receipts less total deductions ......................... 64 Constructive taxable income from related foreign corporations .................................. ........... 65 Net income (line 63 plus 64 minus 36) ..................... Income subject to tax ...................................... 66 67 Income tax, total ........................................... 68 Normal tax, surtax, and alternative tax ................... 69 Tax from recomputing prior year investment credit ....... 70 Tax from recomputing prior year work incentive (WIN) credit ......... .................................. 71 Additional tax for tax preferences ... .................... 72 Foreign tax credit ..................... ..................... 73 Investment credit ........................................... 74 Work incentive (WIN) credit ...... .......................... Distributions to stockholders: 75 Cash and property except own stock ..................... 76 1 Corporation's own stock ............. . ..................
Total transportation and public utilities
Transportation
(34)
(35)
Communication
Electric, gas, and sanitary services
Total wholesale and retail trade
(36)
(37)
(38)
Miscellaneous wholesale trade
(40)
(42)
(39)
45,360 388,954,676 6,238,559 21,847,338 325,309 12,381,577
34,902 68,933,530 3,004,635 8,179,561 106,084 2,106,461
5,016 120,619,165 1,076,159 4,265,305 96,762 3,367,140
5,442 199,401,981 2,157,765 9,402,472 122.463 6,907,976
399,668 271,748,883 19,871,533 75,670,810 1,524,924 86,413,589
2,853.086 236.028 11,431,025 475,020 658,436 28,194,375 387,183,791 95,948,387 1,317,479 362,292 3,686,393 1,014.093 292.068 8,365,532 388,954,676 12,840,812
927,720 206,798 2,611.220 253.068 261,459 9,173,054 60,057,867 21,006,210 138,984 36,010 870,203 150,474 34,771 2,175,101 68,933,530 4,601,422
1,297,137 26,083 4,856,724 180,822 151.142 9,198,592 119,975,199 25,880,529 *2,643 -1,661 477,880 648,885 201,232 1,275,638
849.540 326,871
120,619,165 1,853,284
628,229 -3,147 3,963,081 41,130 245,835 9,822,729 207,150,725 49,061,648 1,175,852 324,621 2,338,310 214,734 56.065 4,914,793 199,401,981 6,386,106
14,875,199 20,923,731 1,118,733
3,601,645 5,600,726 558,435
2,236,727 6,079,240 383,919
150,474,387 27,222.187 65,179,433 33,497,105 986,308 62,619,301 782,520 201,345,705 194,670,369
18,278,287 6,370,217 6,199,032 5,236,664 361,403 18,663,349 537,650 64,075,134
87,961 29,009 1,168,076 1,403,415 312,846 23,194 649,303 383,226 196,294 82.273
Wholesale and retail trade Wholesale trade Groceries Machinery, Total wholeand related equipment, sale trade products and supplies
157,155 138,770,513 10,451,007 46,757,374 770,356 41,222,867
(41)
14,932 12,684,660 1,032,232 4,008,717 80,196 3,635,969
34,251 25,347,169 1,789,825 8,320,413 144,947 9,182,881
107,972 100,738,684 7,628.950 34,428,244 545,213 28,404,017
42,669 17,911 412,969 60,834 20,939 738,150 4,171,749 1,918,468
83,983 33,772 641,180 93,826 11,868 1,639,788 4,479,061 1,930,894 28,429 9,022 319,990 50,629 15,349 771,736
307,022 151,173
8,827,747 1,222,787 540.778 20,227,338 80,393,930 34,957,369 429,798 101,354 6,547,677 756,254 229,544 6,483,422 271,748,883 55,122,508
433,674 202,856 4,983,637 508,815 187,898 12,132,782 29,852,796 13,242,007 263,422 66,088 2,270,710 329,994 94,767 3,345,899 138,770,513 31,689,735
224,511 36,699 12,196 284,550 12,684,660 3,357,150
25,347,169 4,600,429
3,929,488 354.155 155,091 9,754,844 21,201,986 9,392,645 227,122 56,816 1,726,209 242,666 67,222 2,289,613 100,738,684 23,732,156
9,036,827 9,243,765 176,379
35,324,275 21,446,082 5.225,139
20,602,001 9,690,951 2,278,824
1,322,592 1,136,988 253,546
4,397,410 1,706,856 455,907
14,881,999 6,847,107 1,569,371
85,014,476 11,411,440 41,857,423 13,181,951 488,173 22,737,423 131.982 83,321,475 80,800,511
32,160,994 8,279,036 22,948,845 10,325,234 1,401,185 82,533,044 3,017,459 821,854,576 805,948,077
12,672,139 ' 3.074~787 11,424,817 4,041,856 1,068,162 43,829,617 1,602,376 444,811,350 437,742,414
1,466,009 382,242 987,059 473,687 35,837 3,412,412 142,862 76,348,331
60,845,816
47,181,624 -9,440,530 17,122,978 15,078,490 136,732 21,218,529 112,888 53,949,096 53,024,042
75,526,374
2,267,388 438,404 1,790,599 728,124 80,215 9,217,165 335,328 57,024,045 55,681,786
8,938,742 2,254;141 8,647,159 2,840,045 952,110 31,200,040 1,124,186 311,438,974 306,534,254
52,125 13,382 420,892 933,859 224,213
19,670 10,304 249,156 199,535 59,954
16,166 5,323 498,028 270,021 28,679
64,184 37,552 3,162,930 1,901,809 142,838
39,586 27,249 1,624,829 630,127 72,162
2,065 1,788 99,593 73,062 3,781
4,811 2,884 330,173 196,652 8,987
32,710 22,577 1,195,063 360,413 59,394
5,559
-6,721
10,914
27,899
352,736 277,416 55,191 40,652
49,622 33,301 75,948 29,524
22,022
2,782
1,338
17,902
78,143,385 48,901,839 256,076 155,452 253,860 407,098 6,488,993 6,725,238 48,448 83,495 8,303,835 203,293 88,111 790,520 344,782 33,393 5,058,952 5,178,090
419,499 286,122 461,192 184,063 9,218,411 794,235,888 629,803,706 13,348,085 2,621,393 1,645,078 10,162,324 11,612,459 6,474,432 229,944 45,752 7,083,464 71,594 7,083,617 2,562,529 1,469,009 79,514 99,942,988 27,618,688
211.372 149,553 354,952 100,221 3,836,863 428,722,312 366,073,114 6,862,017 994,791 764,392 2,379,538 4,804,614 3,115,723 104,500 13,519 2,711,916 45,731 1,450,348 1,311,568 566,390 38,580 37,485,571 16,089,038
23,776 8,816 15,363 '1,050 589,881 75,163,239 66,696,948 753,031 180,838 91,502 340,709 501,408 271,407 10,678 806 388,951
29,602 48,661 45,560 6,625 666,966 52,888,681 41,642,729 1,512,648 147,567 150,870 365,884 630,844 546,846 19,084 2,983 535,275 8,326 196,953 272,643 102,145 3,174 6,750,710
157,994 92,07E 294,029 92,54E 2.580.01 E 300,670,392 257,733,43~ 4,596,33E 666,38E 522,02C 1,672,94,1
5,182,269 4,765,322 2,240,453 2,231,582 5,567
100,585 27,681,721 19,807,361 8,127,210 8,103,316 23,000
47,032 16,108,821 9,890,751 4,069,747 4,056,890 12,145
'683 1,183,987 938,280 392,301 391,046 1,207
76 818 210,901 570,930 628
41 671 129,934 238,074 321
-3
4,868386 340:353
3056682 172:405
246,945 72,509 65,155 12,097
1 qqo 710 --. -
Q;q 0Qq -------
189,291,007 115,848,453 1,498,792 341,760 693,370 3,492,707 12,776,353 11,863,418 104,115 177,687 20,233,506 243,290 575,277 3,550,265 1,561,203 44,334 16,286,477 12,054,698
60,931,214 41,407,056 1.031,629 110,354 109,751 2,354,343 2,889,332 1,682,134 23,453 84,606 3,691,080 39,961 220,070 645,353 441,460 6,185 6,194,447 3,143,920
50,216,408 25,539,558 211,087 75,954 329,759 731,266 3,398,028 3,456,046 32,214 9,586 8,238,591 *36 267,096 2,114,392 774,961 4,756 5,033,078 3,732.688
62,500 12,088,189 11,125,577 5,143,922 5,107,158 30,901
34,135 3,164,673 2,767,798 1.186,325 1,176,815 6,965
18,863 3,741,247 3,592.457 1,717,144 1,698,761 18,369
5,843 119,466 2,190,067 269
.1 2,544 42,389 268,091 98
32,650 1,047,965 94
-5 3,299 44,427 874,011 77
8,411,636 210,237
801,324 48,752
2,850.188 10,169 1
4,760,124 151,316 1
101 liq
-
1. Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
1 9Q9 07
4,135,364
3,672,36', 2,297,47( 74,73E 9,73( 1,787,69( 36,35~ 1,072,15, 869,53, 361,02~ 33.60 25,264,60! 10,768,58;
4,135,716 2,142,782 872,207 868,417 3,758
43,11: 10,789,111 6,809,68! 2,805,23 2,797,42 7.18
33,267 4
'12 '20 11,350 47,213 75
2 60 117,90 157,59 24
134771 22:643
803965 23:576
2,117,94 126,18
181,241 169,391 103,216 1,805 5,470,256 1,185,092
35
Corporation Returns/1975 RETURNS WITH NET INCOME Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Wholesale and retail trade-Continued Retail trade Item
1 Number of returns with net income ...................... 2 Total assets ............................................... 3 Cash .................... ................................ 4 Notes and accounts receivable ........................... 5 Less: Allowance for bad debts ......................... 6 Inventories ................................................ Investments in Government obligations: 7 United States ........................................... 8 State and local ............................. ........... 9 Other current assets ...................................... 10 Loans to stockholders .................................... 11 Mortgage and real estate loans .......................... 12 Other investments ........................................ 13 Depreciable assets ....................................... 14 Less: Accumulated depreciation ........................ 15 Depletable assets ......................................... 16 Less: Accumulated depletion ......... ................. 17 Land ...................................................... 18 Intangible assets (amonizable) ............................ 19 Less: Accumulated amortization ........................ 20 Other assets .................... ...... .................. 21 Total liabilities ............................................. 22 Accounts payable ......................................... 23 Mortgages, notes, and bonds payable in less than one year ............................................... 24 Other current liabilities .................................... 25 Loans from stockholders ................................. 26 Mortgages, notes, and bonds payable in one year or more ........... I .................................... 27 Other liabilities ............................................ 28 Capital stock ............................................ 29 Paid-in or capital surplus ................................. 30 Retained earnings, appropriated ........ ................. 31 Retained earnings, unappropriated ........................ 32 Less: Cost of treasury stock ............................. 33 Total receipts .............................................. 34 Business receipts ... ............ ........................ Interest on Government obligations: United States ........................................... 35 36 State and local ........ ....................... .... ... 37 Other interest ................. ........................... 38 Rents ......................... ........................... ....................... .. 39 Royalties .............. ..... Net short-term capital gain reduced by net long-term 40 capital loss ............................................. Net long-term capital gain reduced by net short-term capital loss ............................ ................ 41 Net gain, noncapital assets ............................... 42 Dividends received from domestic corporations ........... 43 Dividends received from foreign corporations ............. 44 Other receipts . . ~ ............... ...................... 45 46 Total deductions ........................................... Cost of sales and operations ............................. 47 48 Compensation of officers ................... ............. 49 Repairs ................................................... 50 Bad debts ...................................... ......... 51 Rent paid on business property .......................... 52 Taxes paid ............................................... 53 Interest paid .................................... ......... 54 Contributions or gifts ............................. ....... 55 Amortization ...................................... ....... 56 Depreciation .............................................. 57 Depletion ...... .......................................... 58 Advertising .................................... .......... 59 Pension, profit-sharing, stock bonus, and annuity plans ... 60 Employee benefit programs ..... ........ ................ 61 Net loss, noncapital assets .................. . ... .. .. 62 Other deductions .......................... .. ...... ... 63 Total receipts less total deductions ......................... 64 Constructive taxable income from related foreign corporations .................................. . ... .... 65 Net income (line 63 plus 64 minus 36) ....... .... .. .. 66 Income subject to tax . ........ ...... ........ I .......... 67 Income tax, total ................................ . 68 Normal tax, surtax, and alternative tax ....... .......... 69 Tax from recomputing prior year investment credit ....... 70 Tax from recomputing prior year work incentive (WIN) credit .......................... .... ...... ... 71 Additional tax for tax preferences ..... ..... ....... . 72 Foreign tax credit .................................... ... 73 Investment credit ....... .... .............. . .... . 74 Work incentive (WIN) credit ........................... ..... Distributions to stockholders: 75 Cash and property except own stock ..................... 76 [ Corporation's own stock . ........ .. .. ..... ....... .
total retail trade
Building materials, garden supplies, and mobile home dealers
General merchandise stores
(43)
(44)
(45)
Food stores
Automotive dealers and service stations
Apparel and accessory s tores
Furniture and home furnishings stores
Eating and drinking p laces
Miscellaneous retail stores
Wholesale and retail trade not allocable
(46)
(47)
(48)
(49)
(50)
(51)
(52)
22,215 8,377,285 746,361 2,DG5,548 57,613 3,222,021
6,729 44,860,673 1,592,724 15,534,018 377,048 11,624,049
18,452 16,064,511 1,365,558 1,131,651 12,502 5,414,783
43,602 22,077,904 1,488,716 3,294,280 83,271 11.642,631
24,145 7,606,037 982,914 1,283,847 32,754 3,005,810
22,007 6,700,741 609,619 2,081,177 68,841 2,605,911
415.866 124,015 3,843,867 713,936 352,880 8,092,418 50,528,137 21,708,370 166,376 35,266 4,276,187 426,260 134,777 3,136,807 132,927,284 23,423,251
13,336 *6.062 167,961 51,036 65,690 388,930 2,584,035 1,279,913 11,137 '1,402 304,944 10,998 3,785 141,939 8,377,285 1,257,260
41,340 5,333 1,166,461 21,548 30,618 3,433,261 15,707,946 6.172,447 '82,860 '21 1,357,247 34,929 9,666 787,521 44,860,673 9,563,878
137,238 62,968 493.494 52,486 64.543 1,220,347 9,640.379 4,426,417 *5.640 -1,812 519,468 38,561 13,526 371,652 16,064,511 3,525,876
25,966 16,365 530,747 120,461 38,002 558,107 5,648,304 2,464,697 7,379 4,481 805,636 23,915 11,091 440,935 22,077,904 2,234,566
57,589 11,548 254,998 129,094 10,263 576,662 2,084,977 1,005,666 83,697 23,146 7,893 147,805 7,606,037
13,258 *6,763 137,329 55,396 12,821 253,438 1,389,561 646,771
1,347,648
1,158,987
81,744 *8,321 263,334 142,551 60,182 614,909 6,872,993 2,582,254 *5,944 *44 691,350 183,289 45,"5 503,826 8,955,071 880,000
14,718,006 11,748,083 2.946,315
847,667 517.763 287,354
2,261,903 4,749.880 290,327
588,556 1,630,137 236,939
8,076,087 1,413,141 624,722
351,034 725,114 234,781
707,921 545,757 250,846
540,201 786,141 458,268
1,344,63? 1,380,150 563,078
-4,268 *7,048
19,486,477 5,204,081 11,522,562 6,283.029 333,023 38,677,096 1,414,639 376,864,620 368,029,260
1,008,515 157,257 1,094,586 258,444 20,121 3,056,621 128,303 19,471,895 19,074,173
7,716,834 2,581,968 2,778,904 2,169,304 33,475 12,938,859 224,659 75,007,716 71,089,222
2,484,387 511,433 1,196,800 1,027,327 44,868 4,950,321 132,133 89,863,740 89,009,913
2,152,572 315,684
644,904 423,180 768,096 263,452 81,688 1,9154,857 128,947 14,567,879 14,030,668
2,216,345 272,574 899,324 706,796 23,177 2,297,523 125,278 22,699,644 22,229,865
2,481,558 719,977 1,740,891 1,117,582 49,187 5,668,490 235,524 48,827,300 47,848,800
* 2.378 '168 -1,466 '349 ' 26,331
08,678,594 87,364,811
78062 222,008 922,039 384,521 17,871 2,778,122 158,463 17,747,852 17,381,808
24,572 10,303 1,537.595 1,271,656 70,676
2,121 335 65,369 76,689 2,044
3,126 2,023 711,194 399,558 1,668
6,874 2,490 76,959 246,477 7,516
3,410 1,189 365,204 228,523 8,453
2,852 1.169 67,348 58,225 '1,204
1,000 794 87,807 34,631 -1,082
1,836 1,077 45,334 98,442 42,732
3.353 1,226 118,390 129,111 5,977
5,877
480
'233
933
2,397
1,096
242,407 132,927,284 9,413,489 28,899,726 754,521 45,170,254
207,902 136,563 106,230 83,B42 5,380,144 365,345,610 263,592,903 6,482.435 1,626,016 880,635 7,780,443 6,805,893 3,358,114 125,387 32,233 4,370,207 25,863 5,631769 1,250,457 902,310 40,934 62,440,011 11,519,010 53,553 11,562,260 9,906,133 A 4,052,757 4,041,725 10,850
17,835 14,791 9,681 *19 208,358 18,622,684 13,644,722 671,336 91,296 91,009 228,323 379,372 174,987 6,777 545 215,133 1,790 185,963 76,912 43,089 3,988 2,807,442 849,211
42,708 13,063 45,029 68,051 2,631,875 72,137,289 46,017,716 278,324 371,023 338.750 1,870,948 1,879,808 1,286,395 51,383 5,393 1,136,102 -4,987 2,036,457 342,817 241,853 7,117 16,268,216 2,870,427
18,880 21,980 5,860 8,407 458,151 88,162,275 69,929,128 561,812 366,695 42,142 1,253,236 1,079,257 269.541 17,328 1,873 900,513
848,876 687,012
2,121,922 355,603 62,636 5,002,303 281,332
8,531 5,557 2,318 1,041 394,258 14,037,411
767,883 317,a39 277,449 5,054 12,351,180 1,701,465
624,880 87,272,891 72,979,035 1,476,502 207,964 117,143 830,576 1,035,038 836,582 13,721 2,967 610,505 3,037 653,583 136,130 125,844 3,867 8,240.397 1,405,703
11,370 2,787 20,078 -4 200,660 16,800,734 10,225,823 617,214 65.329 44,591 950,876 391,213 1 D6,952 9.153 2,391 185,625 *3.998 358,855 77.478 40,258 3,904 3,717,074 947,118
46,099 2,914,503 2,782,156
1,900 1,700,875 1,550,149
227 1,404,741 1,118,684
241,236 240,537 679
1,302,444 1,300,410 2,020
685,353 682,543 2,810
'147 80,967 332,721 307
107 12,689 fl
*14 59,833 105,870 71
1,81107 167:948
86,227 14.256 1
800,085 1 29,535 1
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Li
i tionsof the Data."
36.305 36, 1 B3 8,391
*2,480 '648 138,932 9,372 3,388 104,332 6,700,741
41,579 8,955,071 958,649 654,852 9,039 549,909
63,678 18,285,062 1,668,948 2,914,353 113,453 7,105,140
1106 '51,086 -7,037 '13,710
45,395 6,655 829,543 141,364 70,761 1,046,764 6,599,942 3,130,205 50,936 * 26,858 374,913 102,050 39,983 638,797 18,285,062 3,455,036
-
'20,468
'243 * 2,138 12,997 * 6.992 '780 -
'51,086 '9,522
'178,606 176,403
' 221
8,804,323 630,339 53,254 80,864 396,648 297,375 120,75B 6,047 603 124,102
41,868 16,934 4,805 2,177 212,177 21,552,399 10,014,550 751,206 269,034 19,760 1,015,501 806,007 233,922 5,795 10,357 561,578
454,686 53,903 26,871 1,280 2,986,159 530,468
404,646 59,286 53,351 7,251 7,318,438 1,147,245
30,405 25,268 10,068 3,831 649,785 46,759,927 31,977,606 1,495,702 1151,421 146,376 1,234,335 937,823 328,977 15,183 8,104 616,649 8,990 769,496 186,092 93,595 8,473 8,751,105 2,067,373
945,949 778,692
740 530,414 431,1389
1,952 1,148,120 B50,540
2,068,782 1,707,011
'10,64 '10,47
378,309 375,910 2,274
306,128 305,801 327
140,862 140,631 231
326,342 325,134 1,185
672.083 670,759 1,324
-4,70 '4,70
-
'33
-
-
5,609 85,489 53
26,745 62
11,545
5.294
-2 '21 2,914 41,538
(1) * 10,247 43,551 33
246,569 1 1,320
129515 1 14:172
131,335 10,415
35809 1 2:2
135,972 ~
245,564 17,694
(1)
1,404 '167,96( 1 37,6K *3,63, -5*2,X -1,95; -5 (1) '11,34 1,501 '50, '30! '17.40 1 0.64
5
. 1~ 5 8
Corporation Returns/1975
36 RETURNS WITH NET INCOME
Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued [All fil;lures are estimates based on samples-money amounts are in thousands Of dollars] Major industry--Continued Finance, insurance, and real estate Item
I Number of returns with net income ...................... 2 Total assets ............................................... 3 Cash ......................................................... 4 Notes and accounts receivable ................................ 5 Less: Allowance for bad debts .............................. 6 Inventories .................................................... investments in Government obligations: 7 United States .............. ................................ 8 State and local ............... ............................. 9 Other current assets .......................................... 10 Loans to stockholders ........................... ............. Mortgage and real estate loans ........ ...................... ~ 2' Other investments ..................................... ....... 13 Depreciable assets ......................... I I .......... - I ... 14 Less: Accumulated depreciation .......... ................... 15 Depletable assets ............... I ......... ........... I ....... 16 Less: Accumulated depletion ............................... 17 Land .............................. .......................... 18 Intangible assets (amortizable) ................................. 19 Less: Accumulated amortization ........................ ..... 20 Other assets .................................................. 21 Total liabilities ............................................. 22 Accounts payable .................................. .......... 23 Mortgages, notes, and bonds payable in less than one year .................. ............................ ... 24 Other current liabilities .................................... ... 25 Loans from stockholders ...................................... 26 Mortgages, notes, and bonds payable in one year or more .......................................... :_ ...... 27 Other liabilities ................................................ 28 Capital stock .................................................. 29 Paid-in or capital surplus ...................................... 30 Retained earnings, appropriated ................................ 31 Retained earnings, unappropriated ................... ......... 32 Less: Cost of treasury stock .. ................. ............... 33 Total receipts .............................................. 34 Business receipts ............................................. Interest on Government obligations: 35 United States ............................................... 36 State and local ......................... ................... 37 Other interest ................................................. 38 Rents ............................................. ........... 39 Royalties ...................................................... Net short-term capital gain reduced by net long-term 40 capital loss ........ ...... ................................. Net long-term capital gain reduced by net short-term 41 capital loss ................................................. 42 Net gain, noricapital assets .................................. _ 43 Dividends received from domestic corporations ................. 44 Dividends received from foreign corporations ................... 45 Other receipts ................................................ 46 Total deductions ........................................... 47 Cost of sales and operations .................................. 48 Compensation of officers ...................................... 49 Repairs . ~ ..................................................... 50 Bad debts ............................... .......... ......... 51 Rent paid on business property ............................... 52 Taxes paid .................................................... 53 Interest paid ............ ..................................... 54 Contributions or gifts ........................ ................. 55 Amortization ................................................. _ 56 Depreciation .... ........................................ 57 Depletion .... ................................................ 51 Pension, Alvrlii,,P'lofillsh ................ .......... 59 an ng stoc k banus, and annuity plans ......... 60 Employee benefit programs ....... i ............................ 61 Net loss, noncapital assets .............. ........ ....... .... 62 Other deductions ........................... .................. 63 Total receipts less total deductions .............................. 64 Constructive taxable income from related foreign corporations ......................................... .......... 65 Net income (line 63 plus 64 minus 36) ....... .................. 66 Income subject to tax ................ I .......... ... I ........... 67 Income tax, total ................................................ 68 Normal tax, surtax, and alternative tax ... ... .. ..... .. . 69 Tax from recomputing prior year investment credit ............. 70 Tax from recomputing prior year work incentive (WIN) credit ................................................. 71 Additional tax for tax preferences .............................. oreign tax credit ........................ ..... -1 .............. 1 3 Investment crech ; .. I. I. II .... ..................... .... .... 74 Work incentive (WIN) credit ......... . . . .. .... ... Distributions to stockholders: 75 Cash and property except own stock . ..... .. .............. 76 Corporation's own stock ........................ ..............
.
Total finance, insurance, and real estate
Banking
Credit agencies other than banks
Security, commodity brokers and services
Insurance
Insurance gens, bcakers and service ,
Real estate
Holding and other investment companies, except bank holding companies
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
243,409 1,871,750,695 172,809,371 544,980,849 18,756,867 2,142,781
10,821 1,009,862,915 150.925,020 478,155,475 7,443,143 328,124
32,361 362,481,859 11,667,421 40,163,775 10,999,298 1,016,365
2,500 27,710,250 779.354 11,004,874 27,661
4,734 335,573,903 3,365,462 4,840,531 75,680 232,012
23,223 6,314,844 1,238,246 2,624,645 27,423 4,863
145,212 52,509,368 3.036,274 5,492,609 130,903 514,263
24,558 77,297,556 1,797,584 2,698,940 52.759 37,194
122,525,123 93,916,522 48,161,947 1,649,179 467,494,499 334,570,732 67,227,303 21,474,476 574,418 252,294 14,338,781 811,899 254,494 41,285,422
94,508,405 75,212,801 17,930,172 155,600 99,372,098 64,538,405 16,774,701 3,750,569 8,745
14,060,183 1,302,420 4,977,725 651,303 275,274,563 13,999,810 7,473,790 2,455,085 108,563
9,311.330 16,481,911 7,628,864 51,943 89,066,188 187,840,576 4,981,414 694,539
88,847 21,606 238,131 60,246 23,675 948,193 706,784 305,089 * 1 74
1,471,733 179,838 58,791 21,555,263
1,871,750,695 30,009,759
1,009,862,915 2,997,262
1,440,404 85,559 30,234 3,831,204 362,481,859 3,961,045
1,527,128 158,281 10,591,283 26,627 50,877 1,958.824 550,592 224,882 13,832 1, 10 1 34,224 35,689 9,479 1,231,818 27,710,250 11,261,197
1,937 394,986 62,880 9,332 12,094,261 335,573,903 6,227,005
67,506 158,079 58,014 524,383 6,314,844 2,783,925
282,209 144,894 3,395.918 565,887 1,872,784 4,643.954 34,390,644 13,486,133 212,683 64,382 9,995,190 182,769 69,737 1,530.445 52,509,368 1,721,697
2,747.021 594,609 3,399,854 137,573 1,834.314 60,640,970 2,349,378 558,179 227,388 97,295 934,738 107,085 18,907 518,048 77,297,556 1,057,628
70,960,266 1,148,372,203 5,340,248
23,672,834 859,981,338 1,593,652
32,026,341 251,756,130 577,738
6,041,205 4,711,145 80,837
2,113,007 28,968,780 775,044
325,968 473.043 49,933
5,140,478 1,773,596 1,984,134
1,640,433 708,171 278,910
90,791,099 306,006,510 42,557,768 92,198,353 13,225,511 75,861,844 3,572,866 238,348,862 110,668,451
16,123,551 35,692,848 14,271,353 22,639,919 4,312,658 28,894,151 316,651 69,465,442
45,492,823 8,778,037 4,234,385 3,448,331 2,301,373 10,081,301 175,645 35,186,178
7,065,633
9,167,245
779,793 1,136,220 567,289 1,501,564 31,137 1,766,169 166,306 5,903,635 2,208,788
3,367,372 254,230,912 3,598,116 6,410,578 5,396,583 24,685,580 199,074 99,032,325 77,478,452
465,572 238,666 448,354 445,396 5,030 1,186,449 107,492 5,579,933 5,366,675
21,498,249 3,078,569 5,555,418 2,657,868 139,729 9,703,624 743,994 17,317,387 8,751,366
3,063,739 2,851,258 13,882,853 55.094,697 1,039,001 -455.430 1,863,704 5,863,962 630,292
7,474,394 4,171,961 91,674,299 8,440,188 407,725
5,670,137 3,294,076 49,621,094 996,060 8,955
1,013,193 80,186 23,659,073 280,141 3,984
225,124 39,878 574,333 14,146
365,297 707,436 15,518,660 1,446,458 15,867
7,200 1,481 95,580 17,710
20,231 15,689 676,467 5,409,598 108,103
173,212 33,215 1,529,092 276,075 270,016
121,463
11,421
10,990
16,036
12,222
721
28,903
41,170
1,721,750 3,902,263 4,061,604 169,318 5,535,446 215,426,666 55,872,281 6,365,262 836,948 4,379,175 2,926,850 6,484,276 60,356,286 140,262 46,282 4,820,515 80,513 1,691,545 2,003,372 601,721 258,686 68,562,692 22,922,196
200,773 243,459 327,457 53,653 1,972,724 62,488,048 416,511 2,961,765 284,899 2,902,959 1,187,189 1,751,424 36,120,729 69,589 17.629 1,991,788 4,137 588,610 755,085 293,868 195,765 12,946,101 6,977,394
147,882 129,329 38,421 - 9,532 646,202 33,069,167 4,238,420 695,852 117,520 1,159,313 330,706 592,129 20,049,912 18.740 7,212 503,028 2.464 460,212 173,572 81,561 32,830 4,605,696 2,117,011
15,819 2,406,042 46,623 2.893 353,228 5,149,583 150,757 523,711 13,138 27,833 247,896 210,600 569,888 6,584 2,724 63,045
212,770 23,362 1,588,643 17,228 1,645,930 93,100,407 46,658,085 286,013 33,117 169,168 502,003 2,112,963 1,149,510 15,515 4,579 666,375 7,184 263,221 769,068 99,031 8,127 40,356,448 5,931,918
8,641 5,648 15,412 5,405 55,385
555,926 1,069,156 83,551 1,720 596,677
5,030,930 1,070,249 883,755 13,834 38,381 150,522 158,737 58,842 8,161 4,737 94,082 51,676 119,125 42.910 1,500 2,334,259 549,003
14,547,180 3,066,344 865,209 361,409 54,318 474,948 1,525,059 2,047,027 16,211 7,092 1,410,539 34,512 276,400 72,117 37,391 11.913 4,286,691 2,770,207
579,939 25,267 1,961,497 78,887 265,300 2,041,351 271,915 148,957 13.031 27,203 33,586
74,768 18,825,003 13,140,903 5,639,430 5,588,432 12,773
20,009 3,703,327 3,372,232 1,500,800 1,485,262 4,821
27,451 2,064,276 1,867,951 825,754 797,193 3,676
7,363 5,231,845 4,270.757 2,023,636 2,021,361 2,074
'4,366 551,888 412.743 150,982 150,714 255
2,754,837 2,097,107 673,335 670,557 1,443
14,165 3,803,561 507,428 180,658 179,512 318
55 38,170 748,039 222,776 171
-2 10,715 548,633 123,982 81
3 24,882
1,095 715,269 612,685 284,265 283,833 186 .0 (1) 246 3,028 6,230 .1
201 134,917 27,746 63
5,406 4,138
1,285 1,359 26,294 .8
828 22,118 3,476
7,467 975 360,8401 '
2,075,522 237,633,
532,934 14,960,
76,717
1,067,541 18,127,
431,275 8,137
3,113,132 72.876
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
32,578 30,910 18
40,970 98,429 42,274 2,588 3,148,545 754,052
0
170,854
133,364 360,378 5,462 2,309 91,658 31,455 10,456 15,976 4,686 5,963 884,952 3,822,611
Corporation Returns/1975
37
RETURNS WITH NET INCOME Table 3.-Balance Sheets and Income Statements, by Major Industry-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued
Services Total services
Hotels and other lodging places
Personal services
Business services
Auto repair; miscellaneous repair services
Amusement and recreation services
Other services
Nature of business not allocable
(61)
(62)
(63)
(64)
(65)
(68)
Item
1 Number of returns with net income ...................... 2 Total assets ............................................... 3 Cash ........................................... ......... 4 Notes and accounts receivable ........................... 5 Less: Allowance for bad debts ......................... 6 Inventories ............................... ................ Investments in Government obligations: 7 United States ............................ .............. 8 State and local ......................................... 9 Other current assets .................... - ............... 10 Loans to stockholders .................................... 1 Mortgage and real estate loans .......................... 1 12 Other investments . ~ ...................................... 13 Depreciable assets ............ .................... 14 Less: Accumulated depreciation ........................ 15 Depletable assets ............................... ... ....... 16 Less: Accumulated depletion ........................... 17 Land . . ~ ................................................... 18 Intangible assets (amortizable) ............................ 19 Less: Accumulated amortization ........................ 20 Other assets .............................................. 21 Total liabilities ............................................. 22 Accounts payable ................................... ..... 23 Mortgages, notes, and bonds payable in less than one year .................. ............................ 24 Other current liabilities .................................... 25 Loans from stockholders ............. ..................... 26 Mortgages, notes, and bonds payable in one year 0 or more .................................. I I ............ 27 ther liabilities ............................................ 28 Capital stock ........................................... _ 29 Paid-in or capital surplus ................................. 30 Retained earnings, appropriated ........ ................. 31 Retained earnings, unappropriated ........................ 32 Less: Cost of treasury stock ............... ........ .... 33 Total receipts .............................................. 34 Business receipts ............... ......................... Interest on Government obligations: 35 United States ........................................... 36 State and local ......................................... 37 Other interest ............................................. 38 Rents ..................................................... 39 Royalties ................................................. Net short-term capital gain reduced by net long-term 40 capital loss . ~ ........................................... Net long-term capital gain reduced by net short-term 41 capital loss ............................................. 42 Net gain, noncapital assets ............................... 43 Dividends received from domestic corporations ........... 44 Dividends received from foreign corporations ............. 45 Other receipts ............................................ 46 Total deductions ........................................... 47 Cost of sales and operations ............................. 48 Compensation of officers ................................. 49 Repairs ................................................... 50 Bad debts ................................................ 51 Rent paid on business property .......................... 52 Taxes paid ............................................... 53 Interest paid .............................................. 54 Contributions or gifts ............ ........................ 55 Amortization .............................................. 56 Depreciation .............................................. 57 Depletion ...................................... .......... 58 Advertising ................................................ 59 Pension, profit-sharing, stock bonus, and annuity plans ... 60 Employee benefit programs ............................... i6l Net loss, noncapital assets ............................... 62 Other deductions ......................................... 63 Total receipts less total deductions ......................... 64 Constructive taxable income from related foreign corporations .............................................. 65 Net income (line 63 plus 64 minus 36) ..................... 66 Income subject to tax ............ I ..... I ................... 67 Income tax, total ...... .................................... 68 Normal tax, surtax, and alternative tax ................... 69 Tax from recomputing prior year investment credit ....... 70 Tax from recomputing prior year work incentive (WIN) credit ......................... .................. 71 Additional tax for tax preferences ........................ 72 Foreign tax credit ..................... ......... ........... 73 Investment credit ........................................... 74 Work incentive (WIN) credit .......................... ...... Distributions to stockholders: 75 Cash and property except own stock ..................... 76 Corporation's own stock ...............................
(66)
(67)
249,641 62,695,547 6,025,360 10,832,427 329,759 3,191,296
7,961 6,456,894 361,504 475,160 15,129 106,864
22,935 3,818,074 477,682 669,332 18.9,53 295,730
62,238 18,879,057 1,981,211 4,975,378 123,172 780,536
30,634 7,190,170 510,594 1,091,731 23,970 614,821
18,167 12,194,217 982,182 1,186,974 54,754 835,468
107,706 14,157,135 1,712,187 2,433,852 93,781 557,877
814 204,816 18,508 59,536
376,288 378,260 2,859,730 700,957 890,167 7,798,987 41,256,179 17,543,338 65,862 30,095 2,741,944 975,803 480,217 2,985,696 62,695,547 5,728,955
12,623 12,180 136,834 51,357 83,262 768,728 6,014,691 2,373,070 -3,176 -4 585,157 38,099 11,679 207,141 6,456,894 284,347
1 1,467
4,301 188,731 62,120 17,767 279,826 6,712,118 2,714,285
62,946 45,540 826,403 77,271 535,775 2,161,789 7,180,377 3,202,841
2,553,712
253,727 29,993 6,773 165,604 7,190,170 623,531
763,061 461,771 325,474 656,877 12,194,217 742,548
79,715 43,547 635,183 251,091 141,063 1,492,351 8,242,947 2,730,069 11,171 5,719 54,9884 156,747 51,302 730,391 14,157,135 1,219,272
-
151,631 41,430 10,681 278,721 2,968,633 1,618,058 -1,894 (1) * 193,365 73,978 24,436 270,054 3,818,074 305,545
205,236 238,483 920,948 217,688 101,619 2,817,572 10,137,413 4,905,015 48,491 24,372 396,750 215,215 60,553 955,629 18,879,057
881 9,261 204,816 23,208
6,400,336 6,249,820 1,510,988
424,203 343,342 212,614
298,173 280,780 135,817
2,481,143 2,174,262 336,622
1,454,957 332,370 154,876
592,912 1,899,851 225,727
1,148,948 1,219,215 445,332
9,194 36,964 1,081
15,358,273 3,345,847 5,584,094 5,543,603 222,812 13,771,489 1,020,670 99,483,296 95,432,066
2,637,454 266,324 686,183 598,076 10,974 1,126,400 133,023 5,048,680 5,443,489
678,157 157,792 476,143 141,796 45,647 1,407,334 109,110 6,655,740 6,499,393
3,075,256 1,229,178 1,372,648 1,774,458 61,086 4,145,624 324,932 30,466,639 29,172,320
2,329,588 276,299 457,554 228,080 22,742 1,383,898 73,725
2,788,692 618,398 1,431,796 1,288,327 36,210 2,709,746 139,990 12,968,970 11,946,340
3,849,126 797,856 1,159,770 1,512,866 46,153 2,998,487 239,890 33,720,632 32,972,101
11,335 16,287 15,731
26,587 20,860 600,949 787,767 290,548
1,153 1,119 38,854 33,044 7,787
277 2,579 22,157 19,505 15,361
14,108 11,291 234,940 280,177 14,725
4,125 2,069 134,476 189,109 220,246
5,987 3,676 124,735 110,997 26,568
1,436
2,182
159
401
-
106,949 24,686 5,873
9,013 11,727 5,920
-1,953
62,992 6,243,081 3,375,734 488,928 89,271 25,696 288,584 256,826 81,226 4,872 4,237 284,548
60,137 19,067 32,692 21,366 339,184 11,868,765 6,171,044 416,494 156,419 29,695 501,633 449,640 300,320 11,850 8,091 1,103,206
63,339 29,503 18,036
183,590 5,446,840 2,756,268 121,158 138,950 31,542 358,217 297,792 263,372 2,890 1,828 351,942
20,866 87,1 64 2,844 -1,520 101,990 9,296,626 4,968,020 559,829 162,742 40,354 353,060 301,867 356,824 2,587 1,984 1,181,156 80,294 45,052 37,237 3,360 1,202,171 526,009
362,503 72,944 41,371 5,795 2,237,350 1,100,205
364,613 32,076,604 13,594,564 7,134,219 157,607 92,402 1,178,158 990,988 422,152 10,634 6,134 663,339 8,761 149,939 1,497,705 213,866 8,997 5,947,139 1,644,028
525,883 400,772 133,611 130,687 2,897
14,448 1,112,584 860,064 370,417 369,683 540
'393 1,640,745 1,160,829 352,335 350,011 2 ,053
6,862 338,020 272,475 99,726 65,153 1,542,283 93,474,281 47,597,809 10,521,059 904,557 319,696 3,628,310 3,164,709 1,963,196 60,845 32,291 4,899,512 16,073 1,103,960 1,980,404 479,383 39,677 16,762,800 6,009,015
412,659
77,716 100,328 34,361 35,323 489,914 28,542,365 16,732,179 1,800,431 199,568 100,007 948,658 867,596 539,302 28,012 10,017 1,315,321 6,656 301,241 295,405 145,618 16,527 5,235,827 1,924,274
37,437 6,025,592 4,468,681 1,638,144 1,625,093 12,430
400,721 279,149 105,961 104,229 1,630
'3,609 413,689 313,323 115,488 114,560 928
18,987 1,931,970 1,454,544 560,332 555,923 4,382
-7 614 73,281 243,184 676
102 951 13,011
-
786,159 46,160
51,889
109,052 14,855 17,811 3,139 977,867 401,840
*Estimate should be used with caution because of the smal I number of sample returns on which it is based, -Less than $500 per return, NOTE: See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data,"
(1) * 100,931 54,443 23,480 1,859 1,162,446
9,822,635 9,398,423 937 45,787 154,935 5,861
(1)
5,612 12,573
27,998 69,322 328
'339 29,367
32,948 71,864
62,976 1,967
268,598 18,440
42,219 -1,047
149,993 15,626
50,964
3,613 15,273 21,550 40,843 20,028 -4,560 4,213
97,061 -6,864 457,926 429,919 (1) 2,171 '628 15,1 28
570 * 6,761 417,499 291,774 26,702 1,161 (1)
5,657 5,977 1,792 220 (1)
4,324 3,326 4,092 649 68,712 40 ,427 40,352 18,474 6,606 6,577
-7 '264 5,433 47,047 205
-2 170 -
210,484
10,483
-
Corporation Returns/1975
38 RETURNS OF ACTIVE CORPORATIONS
Table 4.-Balance Sheets and Income Statements, by Size of Total Assets JAJI figures are estimates based on samples--money amounts are in thousands of dollars] Total returns a of
Item
ctive corporations
Zero assets
$1 under $100,000
(1)
(2)
(3)
Size of total assets $100.000 under $250,000
S250, $500, under ODO 000
500,0 0 S undero $1,000,000
(4)
(5)
(6)
1,106,004
378,642
203,392
122,584
4,286,556,273
71,725 -
37,576,474
60,544,506
71,619,530
85,218,025
290,426,439 1,051,542,806 31,032,998 317,718,545
-
5.757.164 6,052,056 137.972 5,676,550
7,231,291 11.775,389 177,861 10,552,940
7,532,087 14,932.817 283.619 13,1136,839
7,748,317 18,758,328 344,663 18,274.365
176,955,397 139,176,302
-
92,612 16,291
246,559 98,706
301,482 130,168
410,308 193,715
9 10 11 12 13 14
Cash .............................................................................................. Notes and accounts receivable ................................................................... Less: Allowance for bad debts ................................................................. Inventories . Investments in * -6overnment ........ * - *obligations: '' - * * .... *''*"*'*'** ........ -* ......... * ............... **''* ....... United States .............................................................................. .... State and local ............................................................................ .... 1 Other current assets ............................................... ............. ........... .... Loans to stockholders .............................................. ............................ Mortgage and real estate loans ................................................... ......... ..... Other investments ......................................................................... ...... Depreciable assets .................................................................. ........ ... Less: Accumulated depreciation ................................................................
145,101,716 9,355,636 548,054,483 626,266,074 1,276,564,500 483,798,526
-
1,549,403 1,223,518 422,552 1,448,804 23,255,958 12,147.836
2,291,992 1,218,471 731,037 2,744,156 32,367,799 15,923,031
2,729,378 806,240 909,300 3,671,337 35,879,576 17,029,520
3,375,251 754,283 956,784 4,920,190 39,809,307 18,430,166
15 16 17 18 19 20
Depletable assets ....................................... .......................... ........ ... Less: Accumulated depletion ................................................................... Land ......................................... ................ ... ................ ........ .... Intangible assets (amortizable) ............................................... .. ....... . . ..... Less: Accumulated amortization ............................................ .. ......... . ..... Other assets ......................... ...... ..................................... ...............
38,511,396 14,501,561 66,819,206 12,823,183 4,491,990 121,065,665
-
118,865 40,207 2,138,289 391,565 150,360 1,909,222
156,651 40,507 4,789,210 435,218 168,843 2,215,329
237,440 80,313 5,693,048 350,350 122,052 2,124,972
247,364 87,903 6,026,474 365,727 112.890 2,353,234
1 Number of returns .................................................................................
2,023,647
2 Total assets ........................................................................................ 3 4 5 6 7 8
.....................................................................................
4,286,556,273
-
37,576,474
60,544,506
71,619,530
85,218,025
22 23 24 25 26 27
Accounts payable ................................................ ....... ........ .. .. .. .. .. Mortgages, notes, and bonds payable in less than one year ..................................... Other current liabilities .......................................................... . .. .. ... ..... Loans from stockholders ............. .................. .................... .. ................. Mortgages, notes, and bonds payable in one year or more ..................................... Other liabilities ........................... ... ............................ ..................... .
263,417,584 272,123,551 1,577,425,991 38,143,936 586,703,526 451,676,880
-
5,797,615 4,639,859 2,962,369 6,018,652 6,526,284 1,329,340
9,284,636 6,917,006 3,812,555 4,647,358 11.353,564 1,788,951
10,598,831 9,387,032 4,663,202 4,034,218 14,021,120 2,118,532
13,604,496 12,403,305 6,027,158 3,541,861 17,284,320 2,718,057
28 29 30 '31 32
Capital stock ................... . ....... .. ........... .... .... ...... ........... .... ...... Paid-in or capital surplus .... ........................................... .............. .... ..... Retained earnings, appropriated ........................ . ....... ..... ............. ....... ... ... Retained earnings, unappropriated .......................................... ................ Less: Cost of treasury stock ........................... ......... ..... .............. .........
251,715,862 298,534,854 29,955,676 537,631~026 20,772,613
-
9,877,281 2,136,239 104,069 -822,585 992,649
9,925,439 2,494,561 156,782 11,442,891 1,279,237
9,636,299 2,881,090 320,159 15,398,987 1,439,940
9,458,174 3,656,215 353,245 - 17,671~199 1,500,005
33 Total receipts ......................................................................................
3,198,627,860
18,898,147
128,814,973
133,800,421
152,767,256
181,872,355
34
2,961,729.640
15,590,553
125,865,397
129,779,848
148,404,792
176,892,510
35 36 37 38 39
Business receipts ................................ ....... .................. .. . .. .. ..... ... Interest on Government obligations: United States .............................. ... ....... ........................ .. ........... State and local ........................ ... ...... ................ ... ... .. ................. Other interest ................................ .......... ....................... ................. Rents ........................................ .......... .................... .. ................. Royalties .................................... .............................. ....... . ...........
10,552,799 6,711,606 126,034,505 21,765,130 5,167,141
171,987 27,017 2,348,144 190,982 12,221
11,932 2,155 215,486 954,253 92,159
19,742 9,504 379,721 1,594,669 110,290
29,177 9,412 547,869 1,591,922 66,017
42,441 17,444 691,072 1,529,448 89,914
40 41 42 43 44 45
Net short-term capital gain reduced by net long-term capital loss ................................ Net long-term capital gain reduced by net short-term capital loss ............................... Net gain, noncapital assets ..................................................... .. ........... .. Dividends received from domestic corporations .............................................. .... Dividends received from foreign corporations ................................................ .. . Other receipts .................................................. ............... . ....... . .. ..
301,601 8,364,523 7,757,287 8,818,282 5,467,726 35,957,620
2,157 81,277 146,168 25,455 10,214 291,972
19,306 228,006 206,245 19,177 1,200,456
18,568 285,194 356,986 49,086 1,013 1,195,800
29.323 248,989 279,989 71,921 1,292 1,486,553
18,542 325,607 379,945 95,569 4,897 1,784,966
46 Total deductions ........................................................................... I ........
3,052,674,597
18,738,613
128,396,073
130,987,492
149,076,663
177,216,812
47 48 49 50 51
Cost of sales and operations ........................................ ............ .............. Compensation of officers ........................................ ....... ........ ....... . ..... Repairs ...................... .... ........ ....................... ....... .......... ......... Bad debts ............................................... .......... ....... ..... .. .. ........ ...... Rent paid on business property ........ ..... __ ....
2,129,928,467 57,832.552 23,422,171 13,781,147 40,769.829
10,871,013 375,002 93,109 152,858 300.588
71,240,004 15,760,524 852.203 287,846 4,360,491
87,732,310 8,274,054 874,265 374,564 2,922,232
107,520078 6,681:0981 926,089 1 470,017 2,458,293
132618096 6:023:319 984348 531:805 2,236~234
52 53 54 55 56
Taxes paid .................................................... ... ............ ................. Interest paid ............................................ ....... . ....... ...... . . ......... . Contributions or gifts ................................................................. ............ Amortization .................................................................. .. . .. ........... Depreciation ........................................... ......... ...............................
81,530,302 129,307,921 1,202,130 717,398 86,295,664
503,565 2,271,922 3,912 5,388 387,533
3,632,217 1,014,377 16,873 25,981 2,457,944
3,542,464 1,589,086 20,242 20,678 2,840,064
3,493,317 1,940,509 37,817 16,759 2,915,334
3,758,199 2,464,672 67,156 22,160 3,278,586
57 58 59 60 61 62
Depletion .................................................. ..... ....... .. ...... 4 ............. Advertising ............................................... ... ............... .... ............. Pension, profit-sharing, stock bonus, and annuity plans ......................... ........... ..... Employee benefit programs ..................................................... . .. ...... ..... Nei loss, noncapitat assets .............................................. ... .................... Other deductions ..................................................... ....... .... ............. .
5,341,489 26.605,786 26,526,129 15,690,563 1,804,079 411,918,970
19,429 110,544 65,872 44,857 104,235 3,428,786
18,859 1,141,069 1,743,288 435,023 114,182 25,295,192
29,383 1,097,646 639,018 402,162 74,118 20,555,206
45,107 1,077,079 732,403 412,239 47,908 20,302,616
43,946 1,206,160 889,452 513,912 76,539 22,502.228
63 Total receipts less total deductions ........................................... .. ................. 64 Constructive taxable income from related foreign corporations .................. .............. ... 65 Net income (less deficit) (line 63 plus 64 minus 36) .................. . .............. ...... ..... 66 Net income ................ .................. .. ....... .. ... ........ .. . ...... ... .. .. 67 Deficit ................. . .. ................... ..... ... .............. ... .. ..... .... .... .
145,953,263 3,395,169 142,636,826 169,483,336 26,846,510
159,534 -6,691 139,208 956,475 817,267
418,900 416,745 3,849,958 3,433,213
2,812,929 2,803,425 4,971,901 2,168,476
3,690,593 -3 3,681,184 5,378,011 1,696,827
4,655,543
68 Income subject to tax ................................................... ........................... 69 Income tax, total ......................................................... ... ...... ............. 70 Normal tax, surtax, and alternative tax .................................. ............ ............ 71 Tax from recomputing prior year investment credit .................... ................... . ..... 72 Tax from recomputing prior year work incentive (WIN) credit . ............. .. ... _ .. ... - .. 73 Additional tax for tax preferences .................... ................... ........ .. ...........
146,589,287 66,144,308 65,769,822 217,138 608 156,740
694,685 298,011 292,248 3,830 1,933
2,081,015 439,063 436,056 3,004 (1) * 3
3,563,961 855,442 848,127 7,153 (1) *
3,779,889 1,053,529 1,047,849 5,410 '220
4,696,663 1,613,896 1,604,962 8,455 '52 427
74 Foreign tax credit .......................... I ........................................................ 75 Investment credit ....................................................................... ...... .. 76 Work incentive (WIN) credit ................................................. .. .................... Distributions to stockholders: 77 Cash and property except own stock ................................. ............. .......... . 78 Corporation's own stock .................................................................... .....
19,987,724 6,459,746 5,321
13,946 10,334 .9
1,613 59,228
161 105,017 161
3,176 122,184 164
4,967 155,397 882
45,224,392 2,066,559 . Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
437,987 6,884
705,286
615857 2:595
728013 1 41:386 1
802,123 62,955
21 Total liabilities
..
4,640,582 6,305,212 1,664,630
39
Corporation Returns/1975 RETURNS OF ACTIVE CORPORATIONS Table 4.-Salance Sheets and Income Statements, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Item
1 Number of returns .............................................................. 2 Total assets ..................................................................... 3 4 5 6
Cash ............................. ......... .... ... ... ... ... ........... .. Notes and accounts receivable ......................................... ...... Less: Allowance for bad debts .............................................. Inventories ................................ ........... . ................... . Investments in Government obligations: 7 United States ......................... ................................... . 8 State and local ........................................................... .. 9 Other current assets ........................................................... 10 Loans to stockholders ......... ............................................... 1 Mortgage and real estate loans .......................................... ..... 1 12 Other investments ............................................................. 13 Depreciable assets .................................. .................. I ....... 14 Less: Accumulated depreciation .............................................. 15 Depletable assets ....................................... ...... ..... ......... 16 Less: Accumulated depletion ................................. 17 Land ......................................... ......... ...... 18 Intangible assets (amortizable) ................................................. 19 Less: Accumulated amortization ........................ ........ ............ 20 Other assets ................................. ........ .................. ..... 21 Total liabilities .................................................................. 22 Accounts payable ................................................ .. ....... .. 23 Mortgages, notes, and bonds payable in less than one year .................. 24 Other current liabilities ......................................................... 25 Loans from stockholders ....................................................... 26 Mortgages, notes. and bonds payable in one year or more ....... ........... Other liabilities ........... ..................................................... 27 28 Capital stock ..................................................... .. .... .... 29 Paid-in or capital surplus ....................................................... 30 Retained earnings, appropriated ............... ............................ .. 31 Retained earnings, unappropriated ....................................... ..... 32 Less: Cost of treasury stock ................................................... 33 Total receipts ................................................................... 34 Business receipts ............................................. . ...... .. Interest on Governmerit obligations: 35 United States ......................... ...................................... 36 State and local ............................... ............................ . 37 Other interest .................................................... ............. 38 Rents ..... .................................... ........ .................. .. 39 Royalties ............................................... ....................... 40 Net short-term capital gain reduced by net long-term capital loss ............. 41 Net long-term capital gain reduced by net short-term capital loss ............. 42 Net gain, noncapital assets .............................................. ..... 43 Dividends received from domestic corporations ................................ 44 Dividends received from foreign corporations .................................. 45 Other receipts ................................................................. 46 Total deductions ................................................................ 47 Cost of sales and operations .................................................. 48 Compensation of officers ...................................................... 49 Repairs ........................................................... ......... .. 50 Bad debts ..................................................................... 51 Rent paid on business property ................................................ 52 Taxes paid ..................................................................... 53 Interest paid ................................................................... 54 Contributions or gifts ........................... ............................... Amortization .................................................. ................. 55 56 Depreciation ................................ .......... ....................... 57 Depletion ............................................. ........................ 58 Advertising ..................................................................... 59 Pension, profit-sharing, stock bonus, and annuity plans ........................ 60 Employee benefit programs .................................................... 61 Net loss, noncapital assets .................................................... 62 Other deductions ............................................................... 63 Total receipts less total deductions ........................................ ..... 64 Constructive taxable income from related foreign corporations ......... ......... 65 Net income (less deficit) (line 63 plus 64 minus 36) ............................. 66 Net income .................................................................... 67 Deficit ............................................................. ......... .. 68 Income subject to tax ...................... ......... ............ .............. 69 Income tax, total .......................... .................... ....... .. .... 70 Normal tax, surtax, and alternative tax ................................ ........ 71 Tax from recomputing prior year investment credit ............................. 72 Tax from recomputing prior year work incentive (WIN) credit .................. 73 Additional tax for tax preferences .................................... ... . ... 74 Foreign tax credit ................................................... ............ 75 Investment credit ......... .................... ............... .................. 76 Work incentive (WIN) credit ...................................................... Distributions to stockholders: 77 1 Cash and property except own stock ........................ ............. 78 Corporation's own stock ...................................... ........ .. ....
$1,000,000 ,, under '000,000
$5,000,000 under $10,000,000
(7)
(8)
101,333 203,930,860 15,728,289 47,144,740 1,070,049 41,850,156
(9)
15,091 106,083,345 7,640,404 29,281,846 643,437 15,336,119
6,094,017 2,957,527 3,442,287 1,477,569 9,327,797 4,410,121 446,580 1,293,898 1 4,949,766 3,808,050 14,823,429 8,396,365 86,559,957 33,939,926 37,951,092 14,192,672 713,442 474,883 203,642 178,530 11,159,269 3,510,043 1,159,626 690,364 429,445 265,248 5,581,339 2,750,511 203,930,860 106,083,345 30,358,354 11,158,906 30,434,682 12,147,233 21,519,355 29,840,013 4,405,087 1,191,500 40,261,689 16,781,616 8,300,320 5,090,808 17,812,680 7,078,355 11,167,027 7,015,342 955,959 576,808 41,868,411 16,337,988 3,152,704 1,135,224 384,585,139 131,530,117 125,181,668 372,749,810 248,784 101,005 2,068,035 3,027,564 213,889 38,977 696,411 835,394 39S,898 18,601 4,186,771 373,197,189 287,126,3a4 8.227,345 1,847,561 1,076,570 3,918,875 7,613,319 5,995,678 141,791 56,697 6,997,425 184,931 2,459,904 1,790,895 1,136,779 274,223 44,348,812 11,387.950 4,191 11,291,136 14,936,467 3,645,331 12,033,101 5,115,256 5,09Z485 19,187 86 3,498 22,310 375.242 949 1,857,609 211,009
Size of total assets-Continued $10,000.000 $25,000,000 s5o,ooo,ooo under under under $25,000,000 S50,000,000 $100,000,000
417,633 147,996 2,372,847 934,282 78,031 19,225 279,397 361,268 206,673 23,577 1,507,520 126,738,643 96,050,880 1,966,980 646,031 466,206 1,314,223 2,598,845 3,349,060 60,217 25,670 2,637,065 109,939 866,832 628,686 410,696 134,030 15,473,283 4,791,474 12,692 4,656,170 6,248,118 1,591,948 5,127,048 2,340,294 2,329,742 7,833 29 2,690 25,028 153,007 265 883,299 1 118,189
(10)
12,215 193,310,296 13,624,945 60,651,230 1,687,513 17,718,264
5,567 194,656,918 12,141,213 54,495,891 2,293,456 14,138,132
14,993,257 10,673,254 6,301,393 355,775 20,224,043 16,313,798 41,378,176 16,830,573 1,006,688 243,726 3,911,329 831,670 346,703 4,434,989 193,310,296 12,530,208 14,642,716 89,822,801 991,740 20,844,829 8,890,820 9,909,537 11,980,720 993,898 23,941,915 1,238,888 154,979,643 143,467,836
13,521,800 10,555,022 5,691,812 226,411 37,194,253 18,950,400 35,130,838 13,795,273 901,440 300,312 3.157,257 759,173 266,596 4,448.913 194,656,918 9,606,155 12,589,606 101,147,997 829,653 19.491,BB3 9,828,987 8,067,300 13,880,399 1,021,396 19,275,443 1,081,901 122,341,047 110,379,711
999,455 519,946 5,826,316 985,603 158,269 14,020 366,445 401,781 354,3D6 61,858 1,823,808 148,166,116 108,6DO,218 2,025,010 778,675 685,251 1,592,387 3,227,265 6,000,739 78,807 33,044 3,156.351 203,336 1,205,468 799,973 548,322 127,111 19,104.159 6,813,527 37,715 6,331,296 8,167,387 1,836,091 6,563,852 3,040,998 3,026,182 8,813 11 5,992 75,055 199,957 256
868,153 522,505 7,028,963 872,308 119,134 16,295 326,107 277,483 360,996 77,302 1,492.090 116,911,034 82,847,298 1,249,573 611,236 629,413 1,327,560 2,783,727 6,602,996 61,036 25,452 2,478,134 164,083 1,168,280 670,434 473,136 122,676 15,696,000 5,430,013 35,170 4,942,678 6,148,237 1,205,559 5,138,958 2,400,917 2,389,418 6,199 5 5,295 63,662 165,599 291
1,462102 1 14
11251336 125:063 1
(11) 3,068
$100,000,000 under S250,000,000
$250 ,000 ,000 or more
(12)
(13)
213,007,645 11,713,022 50,269,009 2,772,653 14,185,721
2,144 330,634,632 16,470,358 63,455,194 4,337,637 23,448,215
1,882 2,789,974,042 184,839,349 694,726,306 17,284,138 142,701,244
13,375,3a3 10,382,170 6,271,444 384,182 51,090,447 25,678,796 37,735,192 14,800,443 1,580,809 476,066 3,050,972 688,088 208,650 4,860,222
17,856,686 12,756,716 10,609,490 611,829 84,440,483 47,758,872 69,427,297 26,479,886 2,052,121 722,506 4,199,326 819,822 231,270 8,499,522
213,1107,645 9,490,135 11,632,995 110,189,168 982,089 20,883,623 12,937,333 8,934,877 16,932,227 1,069,475 20,809,835 854,112 131,390,532 118,468,548
330,654,632 15,049,010 16,924,380 156,238,102 887,010 35,973,533 24,716,350 14,706,361 30,338,850 1,852,837 35,346,687 1,378,488 206,655,630 187,272,032
107,105,766 89,450,404 92,543,635 2,034,449 343,327,768 481,559,927 841,080,474 296,218,034 31,021,693 12,127,849 19,183,989 6,331,580 2,189,933 81,887,412 2,789,974,042 135,939,238 140,404,737 1,051,203,271 10,614,768 383,281,065 373,957,382 146,309,559 196,052,184 22,571,048 336,360,255 6,719,465 1,450,992,600 1,307,676,935
829,163 471,182 7,866,732 816,376 184,156 8,072 407,396 317,312 488,598 104,020 1,428,977 125,784,891 88,143,136 1,086,363 716,650 724,206 1,561,001 3,045,006 7,363,522 52,317 38,406 2,717,439 199,227 1,196,160 734,399 603,927 108,918 17,494,214 5,605,641 60,549 5,195,008 6,500,944 1,305,936 5,160,048 2,439,364 2,413,363 7,096 2 18,903 107,177 180,725 234
1,018,564 594,907 11,729,310 1,18.1,994 300,045 17,824 498,404 552,442 805,7S4 309,689 2,374,625 197,747,630 137,902,064 1,277,559 1,457,709 1,141,797 2,362,978 4,347,672 10,936,067 89,474 39,998 4,701,708 280,769 2.136,480 1,410,591 1,003,651 126,519 28,532,594 8,908,000 206,071 8,519,164 10,510,995 1,991,831 8,745,210 4,154,480 4,128,685 11,662 30 14,103 274,464 376,206 444
5,895,768 4,288,533 84,960,010 8,085,729 3,743,016 99,292 4,621,290 3,642,274 5,940,809 4,854,862 17,184,082 1,359,713,441 919,276,986 4,885,725 13,634,295 7,240,614 16,414,967 42.984,706 79,779,293 572,488 407,165 51,728,081 4,042,480 12,940,164 16,421,118 9.705,859 493,620 179,185,880 91,279,159 3,029,604 90,020,23C 95,509,631 5,489,401 89,004,857 42,393,05E 42,160,70E 128,49E X 103,51 ~ 19,396,16! 4,556,85( 1,57!
1,550801 162:438
3040133 187:704
31.889,84( 982,32!
* Estimate should be used with caution because of the small number of sample returns on which it is based, ~ LOSS than S500 per return. NOTE: Classification by size was based an amounts rounded to thousands of dollars prior to tabulation. See text for Explanation of Terms and Description of the Sample and Limitations of the Data.
40
Corporation Returns/1975
RETURNS WITH NET INCOME Table 5.-Balance Sheets and Income Statements, by Size of Total Assets JAII figures are estimates based on samples-money amounts are in thousands of dollarsi Total Item
Size of total assets
returns with net income
Zero assets
S1 unde S100,000
(1)
(2)
(3)
S100,000 S und r 250,000 e
S250.000 under S500,000
S500,000 under S1,000,000
(4)
(5)
(6)
1 Number of returns .................................................................................
1,226,208
26,360
580,772
266,507
152,065
93,407
2 Total assets ........................................................................................
3,540,625,791
-
22,480,808
42,941,804
53,621,828
65,028,956
241,562,822 861,196,450 24,582,529 265.555.727
-
4,177,640 3,542,883 56,867 3,273,684
6,011,085 8,686,041 120,165 7,537,647
6,489,679 11.739,401 215,862 10,703,345
6,683,537 15.319,455 253,464 14,898,302
141,090.131 98,208,205
-
73,698 8,403
200,908 59,843
254,296 83,918
336,372 151,423
114.403,283 6,534,207 472,187,325 534,310,865 1,067,133,482 405,805,108
-
12 If 13 14
Other current assets ...................................................................... ....... Loans to stockholders ................................................ ........................... Mortgage and real estate loans ................................................................... Other investments ................... .............. Depreciable assets ........... ... ** .. ... . * . .... .. ... . . ..... .......... Less: Accumulated depreciation ... ................................................................. .............. .... .
809,191 801,806 300,338 850,000 13,355,097 7,026,011
1,517,872 854,717 511,239 1,998,139 22,152,459 11,163,740
1,810,386 590,988 670,860 2,828,522 26,457,310 13,116,041
2,241,408 519,544 682,463 3,739,386 29,140,618 14,148,704
15 16 17 18 19 20
Depletable assets ................................................................................. Less: Accumulated depletion .................................................................... Land ........................................................................................... _ Intangible assets (amortizable) ................................ ................................... Less~ Accumulated amortization ............................................... ............... Other assets .................................. ...................................................
34,067,496 13,483,291 45,652,330 10,066,198 3,599,655 96,127,853
67,862 26,291 1,168,448 180,628 74,723 1,055,022
81,783 29,472 3,064,028 270,628 115,758 1,424,550
133,931 48,217 3,726,210 188,030 74.450 1,399,522
159,473 66,727 3,845,636 219,008 72,075 1,633,301
3 4 5 6 7 8 9 10
Cash .............................................................................................. Notes and accounts receivable ................................................................... Less: Allowance for bad debts ................................................................. Inventories ........................................................................................ Investments in government obligations: United States ................................................................................... State and local ...... ..........................................................................
.....................................................................................
3,540,625,791
-
22,480,808
42,941,804
53,621,828
65,028,956
22 23 24 25 26 27
Accounts payable .................................................... ...... .................... Mortgages, notes, and bonds payable in less than one year ................................ .... Other current liabilities ....................................... ................................... Loans from stockholders .......................................................................... Mortgages, notes, and bonds payable in one year or more ...................................... Other liabilities ................................................................... ................
217,943,864 190,864,262 1,283,203,414 23,068,192 450,980,273 399,855,751
-
2,830,555 1,901,769 1,686,199 2,344,081 2,956,230 783,564
6,123,837 3,918,298 2,776,754 2,381,438 6,466,798 1,190,764
7,685,373 5,677,142 3,651,046 2,294,540 8,590,383 1,494,089
10,568,156 8,346,268 4,709,024 2,039,965 10,355,911 1,897,736
28 29 30 31 32
Capital stock . ~ .................................................................................... Paid-in or capital surplus .......................................................................... Retained earnings, appropriated .................................................................... Retained earnings, unappropriated ............. .................................................. Less: Cost of treasury stock ......................................................................
206,638,973 237,040,029 25,697,680 521,961,968 16,628,615
-
4,932,722 951,029 66,041 4,623,834 595,216
6,532,713 1,248.497 136,057 13,125,963 959,315
6,851,761 1,610,779 - - 274,486 16,625,791 1,133,562
6,834,773 1,841,180 313,563 19,331,770 1,209~390
33 Total receipts ......................................................................................
2,702,584,664
10,666,987
82,320,328
102,214,695
123,922,352
154,849,350
34
2,508,486,612
8,588,183
80,446,102
99,128,593
120,463,664
150,930,733
35 36 37 38 39
Business receipts ................................................................................. Interest on government obligations: United States ................................................................................... State and local ............................ ....................................... ............ Other interest ......... ........................................................................... Rents ............................................................................................. Royalties ....... .................................................................... .............
8,400,780 4,603,362 104,126,599 16,265,206 4,791,120
103,383 13,917 1,434,100 107,163 11,322
9,361 1,381 155,303 594,393 88,217
15,747 5,644 303,389 1,256,589 94,570
24,508 5,552 437,445 1,230,602 49,261
36,866 13,316 558,767 1,170,067 83,232
40 41 42 43 44 45
Net short-term capital gain reduced by net long-term capital loss .............. ................. Net long-term capital gain reduced by net short-term capital loss .................. ............. Net gain, noncapital assets ....................................................................... Dividends received from domestic corporations ................................................... Dividends received from foreign corporations ..................................................... Other receipts .................................. ................................... ........
224,095 7,304,982 6,267,700 7,733,114 5,187,249 29,193,845
1,820 73,117 132,176 17,460 9,640 174,706
18,055 182,718 159,745 16,063 '219 648,771
14,556 238,614 258,844 42,260 855,728
26,338 204.485 208,199 66,304 590 1,205,404
11,561 257,247 281,149 85,257 4,450 1,416,705
46 Total deductions ...................................................................................
2,531,810,130
9,703,103
78,468,989
97,237,150
118,538,792
148,533,305
47 48 49 50 51
Cost of sales and operations .................................................. .................. Compensation of officers ......................................................................... Repairs .................................................................... ...................... Bad debts ..................... .................................................................. Rent paid on business property. ...................................................................
1,788,768,639 46,027,711 19,765,454 9,637,818 30,928.226
5,788,669 243,365 46,654 58,518 167,323
43,062,322 11,120,779 473,424 118,234 2,548,730
65,763,347 6,553,948 612,142 228,3n2 2,071,633
86,448,161 5,572,686 711,658 114,179 1,830,412
112,956,366 5,216,272 786,399 376,590 1,740,508
52 53 54 55 56
Taxes paid ................................................................. ...................... Interest paid .............................................................................. ....... Contributions or gifts .............................................................................. Amortization ....................................................................................... Depreciation ....................................... ........................... ..................
68,122,188 100,910,646 1,188,214 530,617 71,661,631
232,884 1.210,339 3,893 2,629 175,257
2,231,263 481,616 16,271 11,567 1,403,534
2,596,961 953,270 19,987 12,478 1,957,152
2,720,593 1,223,697 37,132 8,607 2,183,943
3,036,154 1,591,409 66,909 11,069 2,466,479
57 58 59 60 61 62
Depletion ......................................................................................... Advertising .......................... ............................................................. Pension, profit-sharing, stock bonus, and annuity plans ................................. ......... Employee benefit programs ....................................................................... Net loss, noncapital assets .................... ........................ ......................... Other deductions ..................................................................................
4,842,085 22,431,998 23,254,026 12,876,433 681,596 330,182,848
15,100 70,796 48,940 25,739 8,929 1,604,068
16,181 645,948 1,420,102 295,610 10,005 14,613,403
20,037 788,640 545,422 279,190 13,684 14,820,957
40,485 832,849 652,210 310,049 14,598 15,637,533
36,906 944,638 808,917 404,018 18,227 18,072,444
63 64 65 66
Total receipts less total deductions ................................................................. Constructive taxable income from related foreign corporations ............. ........................ Net income (line 63 plus 64 minus 36) ............................................................. Income subject to tax ................................................................ ..............
170,774,534 3,312,164 169,483,336 .146,588,637
963,884 6,508 956,475 694,681
3,851,339 3,849,958 2,081,002
4,977,545 4,971,901 3,563,957
5,383,560 -3 5,378,011 3,779,885
6~316,045
67 Income tax, total .................................................................................... 68 Normal tax, surtax, and alternative tax .......................... ................................. 69 Tax from recomputing prior year investment credit ................................................ 70 . Tax from recomputing prior year work incentive (WIN) credit ............................. ....... 71 Additional tax for tax preferences .................................................................
66,104,089 65,769,607 190,406 535 143,541
297,206 292,247 3,330 1,629
437,978 436,050 1,925
853,262 848,126 4,974 (1)
1,052,762 1,047,848 4,644 '50
1,612,059 1,604,865 6,741
72 Foreign tax credit ................................................................................... 73 Investment credit .................................................................................... 74 ~ Worlk incentive (WIN) credit ............................................. ............................ Distributions to stockholders: 75 Cash and property except own stock ............................................................. 76 Corporation's own stock ..........................................................................
19,987,724 6,459,710 5,319
13,946 10,334 .9
59,228
161 105,017 '161
3,176 122,184 164
4,967 155,397 882
42,222830 1,902:442
310492 , -6:634
641,759 '6.203
592,498
665,059 40,999
787,283 55,867
21 Total liabilities
Footnotes at end of table, See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(1) 3
6,305,212 4,696,393
427
Corporation Returns/1975
41
RETURNS WITH NET INCOME Table 5.-Balance Sheets and Income Statements, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Item
1 Number of returns .............................................................. 2 Total assets ..................................................................... . 3 Cash ................................................................. .......... 4 Notes and accounts receivable ................................................ 5 Less: Allowance for bad debts .............................................. 6 Inventories ..................... ............................................... Investments in Government obligations: 7 United States ................................................................ 8 State and local .... ........................................... ............. 9 Other current assets .............................. ............................ 10 Loans to stockholders ......................................................... 11 Mortgage and real estate loans ................................................ 12 Other investments .............. I .......................... I ................... 13 Depreciable assets ............................................................. 14 Less: Accumulated depreciation .............................................. 15 Depletable assets .............................................................. 16 Less: Accumulated depletion ................................................. 17 Land ........................................................................... 18 Intangible assets (amortizable) ................................................. 19 Less: Accumulated amortization .............................................. 20 Other assets .................................................................. 21 Total liabilities .................................................................. 22 Accounts payable .............................................................. 23 Mortgages, notes, and bonds payable in less than one year .... ............. 24 Other current liabilities ......................................................... 25 Loans from stockholders .............................................. ........ 26 Mortgages, notes, and bonds payable in one year or more ................... 27 Other liabilities .. ~ .............................................................. 28 Capital stock ................................................................... 29 Paid-in or capital surplus ....................................................... 30 Retained earnings, appropriated ................................................ 31 Retained earnings, unappropriated ............................................. 32 Less: Cost of treasury stock ................................................... 33 Total receipts ................................................................... 34 Business receipts . . ~ .................... I ............ ................. ... Interest on Government obligations: 35 United States ................................................................ 36 State and local ............................................ ................. 37 Other interest .................................................................. 38 Rents .............................................................. ........... 39 Royalties ....................................................................... 40 Net short-term capital gain reduced by net long-term capital loss ............. 41 Net long-term capital gain reduced by net short-term capital loss ............. 42 Net gain, noncapital assets .................................................. 43 Dividends received from domestic corporations .................. 44 Dividends received from foreign corporations ................................... * , '' '' , 45 Other receipts ................................................................. 46 Total deductions ................................................................ 47 Cost of sales and operations ................................... .............. 48 Compensation of officers ...................................................... 49 Repairs ................... _ ................................................... 50 Bad debts .. ~ .............................................. ................... 51 Rent paid on business property ................................................ 52 Taxes paid ..................................................................... 53 Interest paid ................................................................... .54 Contributions or gifts .................................... _ ..................... 55 Amortization .................................................................... 56 Depreciation ............ ..................................................... 57 Depletion ............... .............. ....................................... 58 Advertising ..................................................................... 59 Pension, profit-sharing, stock bonus, and annuity plans ........................ 60 Employee benefit programs .................................................... 61 Net loss, noncapital assets .............................. - ................... 62 Other deductions ..................... ......................................... 63 Total receipts less total deductions .............................................. 64 Constructive taxable income from related foreign corporations ................... 65 Net income (line 63 plus 64 minus 36) .......................................... 66 Income subject to tax ......................... .................... ... I ... ... 67 Income tax, total ................................................................. 68 Normal tax, surtax, and alternative tax ......................................... 69 Tax from recomputing prior year investment credit ............................. 70 Tax from recomputing prior year work incentive (WIN) credit .................. 71 Additional tax for tax preferences .............. ............................... 72 Foreign tax credit ............. I ... 1- ................................... I ..... I . 73 Investment credit ....................... I ... I ............................ .... ..... 74 Work incentive (WIN) credit ...................................................... Distributions to stockholders: 75 Cash and property except own stock .......................................... 76 Corporation' s own stock ................................................... ...
S1,000,000 under $5,000,000
S5,000,000 under $10,000,000
(7)
(8)
Size of total assets-Continued S10,000,000 S25,000.000 $50,000,000 under under under $25,000,000 $50,000,000 $100,000,000
$100,000 ,000 under $250,000,000
$250.000,000 or more
(10)
(12)
(13)
(9)
1)
76,307 152,925,576 13,500,629 38,242,182 784,064 34,117,341
11,484 80,890,103 6,388,329 23,763,596 489,506 12,216,732
9,441 149,767,092 11,003,614 48,347,143 1,366,563 13,878,808
4,340 152,397,556 9,577,505 42,463,258 1,912,836 11,550,818
2,373 164,517,235
2,379,801 1,146,067 6,064,904 887,389 2,503,196 10,781,886 62,244,378 29,036,431 501,679 167,053 6,657,457 662,753 266,755 3,490,217 152,925,576 23,615,375 19,846,842 16,687,476 2,404,699 23,143,722 5,701,426
5,304,188 2,925,045 2,940,388 327,558 3,954,850 6,048,097 24,059,589 10,667,503 376,125 160,794 2,084,601 330,559 101,385 1,589,634 80,890,103 8,536,478 7,667,257 24,622,292 580,067 9,284,028 3,355,618 5,198,429 4,210,650 503,211 17,855,910 924,037 109,618,024 104,926,579
12,136,561 8,245,670 4,405,207 274,045 17,901,083 11,968,926 29,686,632 12,728,114 678,472 198,192 2,288,094 549,646 256,998 2,953,058 149,767,092 9,629,143 9,467,344 73,083,282 491,665 11,753,054 5,819,222 7,429,689 8,288,009 799,441 24,007,778 1,001,535 128,747,732 119,672,263
342,049 119,330 1,710,229 648,661 72,238 16,695 227,182 239,755 183,061 20,784 1,111,461
815,553 388,501 4,753,154 653,649 127,166 9,051 295,829 288,587 306,028 54,571 1,383,380 120,229,037 89,843,382 1,656,400 617,990 427,013 1,270,054
13,027,437 6,023,082 793,330 44,160,166 2,477,979 326,805,968 317,609,997 174,301 80,101 1,614,092 2,200,215 182,704 29,579 572,871 637,868 363.776 14,290 3,326,174 311,792,983 243,663,084 7,069,543 1,455,181 736.989 3,104.803 6,187,318 3,767,655 140,481 30,804 5,251,324 163,078 1,972,793 1,627,495 918,677 53,959 35,649,799 15,012,985 3,583 14,936,467 12,032,903 5,111.688 5,092.424 16,189 82 2,993 22,310 375,237 949 1,802,178 199,038
9,015,789 37,612,824 2,284,305 11,437,867
1,679 259,353,409 12,981,180 48,267,031 3,308,186 19,589,778
1,473 2,396,701,424 155, 733, 835 583, 212,636 13, 790, 711 126,351 ,405
10,724,359 7,586,967 3,998,279 171,127 32.922,386 14,578,714 26,342,442 10,992,985 551,311 202,442 1,862,934 503,024 187,678 2,860,373 152,397,556 7,552,845 8,588,482 81,757,243 348,547 12,071,862 6,903,183 6,113,688 10,208,370 855,326 18,839,887 841,877 102,573,534 93,124,631
10,231,579 6,909,310 4,530,168 211,296 45,014,758 19,017,339 28,202,392 11,647,494 965,903 321,629 1,836,293 506,759 164,356 3,442,742 164,517,235 7,264,906 7,769,339 87,963,046 555,627 12,893,962 8,948,749 6,721,311 12,467,026 642,159 19,722,056 630,946 107,007,058 96,951,926
13,591,770 7,967,259 8,068,949 461,948 69,335,776 37,497,631 56,350,572 22,088,612 1,494,728 570,909 3,091,345 713,533 202,842 6,112,458 259,353,409 12,478,633 9,422,962 122,813,414 595,685 24,472,623 19,955,909 11,435 , 138 23,513,977 1,559,263 34,287 ,750 1,181,945 176,145,731 161,025,321
85 ,856,599 63,124,300 78,016 ,531 1 ,433 ,789 298 ,390 ,376 425, 002 ,225 749,141 ,993 263,189,473 29,056,229 11 ,691 ,565 16,027,284 5,941 ,630 2,082,635 70,166,976 2,396,701,424 121 ,658 ,563 108 ,258 ,559 863 ,453 ,638 9 ,031 ,878 328, 991 ,700 343,805,491 131 , 561 , 312 166, 677, 230 19, 554, 803 309,381 , 063 5,672,813 1,277,712,905 1 , 155,618,620
25,028 153,007 265
648,588 314,456 6,298,816 477,874 169,578 5,475 342,296 217,311 410,646 99,363 1,070,729 100,249,291 71,861,858 855,720 582,512 429,574 1,182,430 2,267,169 5,563,522 52,200 30,423 2,049,712 139,349 972,497 623,689 456,485 42,351 13.139,800 6,757,767 57,633 6,500,944 5,160,030 2,437,605 2,413,359 6,291 1 17,954 107,177 180,721 234
787, 438 373,129 9 ,249, 047 719,712 272,533 15, 174 417,360 457,037 719,441 299,991 1,809,548
2,609,298 4,385,200 74,395 23,066 2,386,158 172,766 992,009 703,726 442,791 38,033 14,586,756 8,518,695 37,193 8,167,387 6,563,852 3,038,613 3,026,182 6,898 10 5,523 75,055 199,957 256
696,952 376,300 5,723,632 536.585 80,549 13,471 283,404 186,036 307,195 72,284 1,172,495 96,083,213 69,422,758 1,001,013 504,928 424,485 1,044,503 2,288,507 5,015,146 60,945 17,903 1,927,667 131,569 1,004,763 584,049 383,460 33,338 12,238,179 6,490,321 34,216 6,148,237 5,138,958 2,399,389 2,389,418 5,094 5 4,872 63,662 165,599 291
165,458,477 117, 742,502 1 ,051 ,842 1 ,247,715 653 ,585 1,903,596 3 ,630 ,044 8 ,229 ,465 85 ,051 30 ,962 3,880,785 257 ,052 1 ,821 ,867 1 ,251 ,796 826 ,949 63 ,542 22,781,724 10 ,687 ,254 196 ,870 10 ,510 ,995 8,745,187 4 ,152 ,491 4 ,128 ,680 10 ,129 30 13,652 274 ,464 376 ,201 444
4,746 ,034 2,911 ,735 71 ,888 ,625 6 ,669 ,696 3,559,750 62 ,320 4 ,209 ,859 3 ,200 ,993 5 ,215 ,623 4 ,610 ,906 15,018,744 1,182,252,840 802 ,177, 193 4 ,059, 020 12 ,221 , 016 5, 588, 199 13,061,065 38,283,473 66,428,603 570,810 337,968 46,026,233 3,750,983 11 ,682,818 14,429 ,061 8,221 ,861 364 ,314 155,050,223 95,460 ,065 2,961 ,301 95,509 ,631 89,004,790 42,372 ,366 42, 160 ,676 117 ,797 305 93,588 19 ,396 , 165 4 ,556 ,828 1 ,573
831,970 112,203
1,378,704 130,114
1,159,703 114,062
1,432,472 146,263
2 ,819 ,410 170,956
29 ,801 ,302 917,593
103,262,950 80,038,997 1,627,123 505,835 282,150 1,003,169 2,038,524 2,060,724 60,140 13,141 1,953,387 98,579 702,380 558,619 311,604 20,616 11,987,962 6.355,074 12,374 6,248,118 5,126,999 2,338,670 2,329,732 6,394 26 2,518
Estimate should be used with caution because of the small number of sample returns on w ich it is based. 'Less than S500 per return. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.-
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, 6iy Major Industry, by Size of Total Assets [All figures are estimates based on samples-money amounts are in thousands of dollars] Size of total assets $1,000,000 $5,000,000
$10,000,000
$25,000,000
$50,000,000
$100,000,000
$1 under 000.000
under $5,000,000
under $10,000,000
under $25,000,000
under $50,000.000
under $100,000,000
under $250,000,000
(6)
(7)
(8)
(9)
(10)
Total Major industry, item
coactive rporation returns
Z assets ero
$1 under $100,000
(1)
(2)
(3)
$100,000
$250,000
$500,000
under $250'000
under $500,000
(4)
(5)
,
1)
$250,000,000 or more
(12)
(13)
All Industries Number of returns .......... .................................
2,023,647
378,642
203,392
122,584
101.333
15,091
12,215
5,567
3,068
2,144
1,882
4,286,556,273 1,020,509,808 317,718,545 751,659,854 1.183,676,193 1,276,564,500 483,798,526
71,725 -
1,106,004
Total assets ......................................... ..... .. Notes and accounts receivable, net ............. ............ Inventories ........................... ... . .......... .... Cash, Government obligations, and other current assets ..... Other investments and loans. ................................ Depreciable assets .................................... ...... Less: Accumulated deprecialion ............................
37,576,474 5,914,084 5,676,550 7,415,470 3,094,874 23,255,958 12,147,836
60,544,506 11,597,528 10,552,940 9.868,548 4,693,664 32,367,799 15,923,031
71,619,530 14,649,198 13,836,839 10,693.115 5,386,877 35,879,576 17,029,520
85,218,025 18,413,665 18,274,365 11,727,591 6,631,257 39,809,307 18,430,166
203,930,860 46,074,691 41,850,156 29,491,182 19,925.377 86.559,957 37,951,092
106,083,345 28,638,409 15,336,119 21,586,829 13.792,711 33,939,926 14,192,672
193,310,296 58,963,717 17,718,264 45,592,849 36,893,616 41,378,176 16,830,573
194,656.918 52,202.435 14,138,132 41,909,847 56,371,064 35,130,838 13,795,273
213.007,645 47,496,356 14,185,721 41,742,019 77,153,425 37,735,192 14,800,443
330,634,632 59,117,557 23.448,215 57.693.250 132,811,184 69,427,297 26,479,886
2,789,974,042 677,442,168 142,701.244 473,939.154 826,922.144 941,080,474 296,218,034
Other capital assets less reserves' ............................ Accounts and notes payable3 ....... ................... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more --- .................................. .............. Net worth .............................. ..................... Cost of property used for investment credit ..................
99,160,234 535,541,135 1,577,425,991
-
2,458,152 10,437,474 2,962,369
5,171,729 16,201,642 3,612,555
6,078,473 19,985,863 4,663,202
6,438,772 26,007,801 6,027.158
12,399,250 60,793,036 21~519,355
4,231,512 23,306,139 29,840,013
5,159,258 27,172,924 89,822,801
4,250,962 22,195,761 101,147,997
4,635,153 21,123.130 110,189,168
6,117,493 31,973,390 156,238,102
42,219,480 276,343,975 1,051,203,271
586 ,703, 526 1,097,064,806 113,796,947
190,834
6,526,284 10,302,356 2,495,692
11 ,353 ,564 22,740,436 2,900,095
14,021,120 26,796,595 3,002,477
17,284,320 29,638,828 3,364,098
40,261,689 68,651,373 7.586,972
16,781,616 29,673,269 2,946,486
20,844,829 45,587,182 3,544.941
19,491,883 41,162,637 2,719,553
20,883,623 46,892.302 3,138,331
35,973,533 60,846.247 6,070,920
383,281,065 694,573,581 75,836,548
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ................................ Taxes paid ................................................... Interest paid .................................................. Depreciation ..................................................
3,198,627,860 2,961,729,640 2,129,928,467 81,530,302 129,307,921 86,295,664
18,898,147 15,590,553 10,871,013 503,565 2,271,922 387,533
128,814,973 125,865,397 71,240,004 3,632,217 1,014,377 2,457,944
133,800,421 129,779,848 87,732,310 3,542,464 1,589,086 2,840,064
152,767,256 148,404,792 107,520,078 3,493,317 1,940.509 2,915,334
181,872,355 176,892,510 132,618,096 3,758,199 2,464,672 3,278,586
384,585,139 372,749,810 287,126,384 7,613,319 5,995,678 6,997.425
131,530,117 125,181,668 96,050,880 2,598,845 3,349,060 2,637,065
154,979,643 143.467,836 108,600,218 3,227,265 6.000,739 3,156,351
122,341,047 110,379,711 82,847,298 2,783,727 6,602,996 2,478,134
131,390,532 118,468,548 88,143,136 3,045,006 7.363,522 2,717.439
206,655,630 187,272,032 137,902,064 4,347,672 10,936,067 4,701,708
1,450,992,600 1,307,676,935 919,276,986 42,984,706 79,779,293 51,728,081
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax , total ............................................. Additional tax for tax preferences ..........................
26,526,129 15,690,563 142,636,826 169,483.336 146,589,287 66,144,308 156,740
65,872 44,857 139,208 956,475 694,685 298,011 1,933
1,743,288 435,023 416,745 3,849,958 2,081,015 439,063 -3
639,018 402,162 2,803,425 4,971,901 3,563,961 855,442 '162
732,403 412,239 3,681,184 5,378,011 3,779,889 1,053,529
889.452 513,912 4,640,582 6,305,212 4,696,663 1,613,896 427
1;790,895 1,136,779 11,291,136 14,936,467 12,033,101 5,115,256 31498
628,686 410,696 4,656,170 6,248,118 5,127,048 2,340,294 2 690
799,973 548,322 6,331,296 8,167,387 6,563,852 3,040,998 5,992
670,434 473,136 4,942,678 6,148,237 5,138,958 2,400,917 51295
734,399 603,927 5,195,W8 6,500,944 5,160.048 2,439,364 18,90
1,410,591 1,003,651 8.519,164 10,510,995 8,745,210 4,154,480 4 103
16,421,118 9,705,859 90,020,230 95.509,631 89,004,857 42,393,058 103,514
Foreign tax credit ............................... ........ . . Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
19,987,724 6,459,746 5,321 45,224,392
13,946 10,334 .9
1,613 59,228
161 105,017
437.987
705,286 *
615,857
3,176 122,184 164 728,013
4,967 155,397 882 802,123
22,310 375,242 949 1,857,609
25,028 ' 153,007 265 883,299
75,055 199,957 256 1,462,102
63,662 165,599 291 1,251,336
107,177 180,725 234 1.550,801
274,464 1 376,206 444 3,D40,133
19,396.165 4,556,850 1.575 31,889,846
Agriculture, Forestry, and Fishing
I/
Number of returns ......................... ..................
56,280
13,599
8,856
5,279
2,916
190
82
11
9
10
21,177,941 2.056,740 2,350,028 1,966.439 2,341,442 12,044.145 5,369,898
2,117 -
23,211
Total assets ........................ : ......................... Notes and accounts receivable, net .......................... Inventories ............................... .................. Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ....................... ... . ............ Less: Accumulated depreciation ............................
913,497 65,746 54,564 148,888 52,195 742,253 362,815
2,206,735 180,407 158,507 275,414 137,010 1,686,640 806,326
3,095,236 193,699 269,216 262,836 206,220 2,098,334 991,229
3,701,952 233.227 372,584 335,177 314,053 2,144,647 920,028
1,258,963 167,633 203,069 109,004 192,226 524,662 224,815
1,196,372 180,577 153,802 93,480 186,888 578,397 236,723
394,416 42,891 66,370 49,323 50,804 181,897 94,269
633,143 92.952 64,469 65,615 140,255 188.635 44,544
2,424.405 326,864 316,878 199,250 542,198 1,047,704 430,759
Other capital assets less reserves' ........................... Accounts and notes payable3 ................................ Other current liabilities ............... : ........ .............. Mortgages, notes, and bonds payable in one year or .......................................... Net more worthi ...... ............................... .............. . . Cost of property used for investment credit ..................
4,792,738 5,306,079 922,771
-
174,008 223,724 43,403
506,697 523,391 60,311
928,432 683,738 69,602
1,100,282 867,593 106,781
5,353,222 572,744 690,569 427,452 519,593 2,850,976 1 258,390 : 1,392,647 1,674.262 164,652
243,795 442,072 47,499
195,398 278,899 61,471
73,027 99,514 22,412
96,810 127,239 79,154
81,642 385,647 267,486
6 ,220,321 6,844,949 1,421,914
10.301
147,938 300,317 189,935
496,317 814,953 182,065
752,056 1,310,950 250,673
1,265,749 1,112,236 256,852
1,695,205 1,409,711 309,152
413,188 242,547 55,825
310,544 488,633 63,782
96,595 157,448 19,956
248,916 138,336 18,932
793,813 869.818 64,441
.. ...... . .. Total receipts ........................... .. Business receipts ........ ...... ......... ......... ..... . Cost of sales and operations ................................ Taxes paid ............................. .... . ...... Interest paid ................ ...... _.. - .. ... .... Depreciation ..............................................
28.118,514 26,624,149 19,738,447 600,917 797,420 1,059,799
423,352 411,165 328,782 7,515 7,180 10,174
2,016,316 1,953,971 1,126,527 63,326 34,596 86,470
2,833,707 2,673,457 1,724,736 78,792 78,079 163,781
3,488,287 3,305,194 2,273.390 86,172 101,205 189,429
3,699,541 3,488,520 2,429,409 88,519 143,360 194,423
7,313,792 6,959,691 5,563,093 123,358 216,927 244,975
1,737,767 1,631,502 1,395,046 23,175 55,495 42,721
1,707,079 1,626,159 1,300,326 26,528 41,444 43,996
540,936 517,459 415,190 7,173 12,501 15,383
549,001 505,871 444,930 6,306 36.493 1 1,513
3,808,736 3,551,160 2,737,018 90.053 70J40 56,934
Pension, profit-sharing, stock bonus, and annuity plans ...... . ...... . Employee benefit programs ............... . .. Net income (less deficit) ...... .............................. Net income ......... ..... .... . . .. Income subject to tax .................. .. ... ......... .... Income tax, total ........................ .. ... ... Additional tax for tax preferences ............. .... . .....
105,000 44,333 746,908 1,493,168 981,710 354,747 345
'36
18,800 5,270 12,963 124,988 61,485 0,435 -
11,494 3,677 108,554 215,410 141,816 34,839
6,897 3,342 139,889 234,123 125,290 34,798
15,978 3,882 127,720 236,805 138,844 47,015
19,774 6,525 148,527 319,693 217,198 89,670
3,422 2,138 29,484 68,463 47,254 20,961
5,515 4,383 56,297 78,686 56,151 26,040
3,977 252 23,154 31,506 27,733 12,841
1,155 505 -15,738 12,687 4,506 19
17,952 14,288 120J49 153,780 153,248 71,031 200
7,632 -
9,405
10,126
13,969
26,010 1
33,7;5- 1
27,4181 .7
44,159 .7 1
3,228 2.427
65 2,567 I 7,421
1,339 2,964
233 I 899
2,990 4,149 65,873
Foreign tax credit Investment credit ............ ............. .. ... . . Work incentive (WIN) credit ................................ . Distributions to stockholders except in own stock ............ .
-4,091 17,027 8,185 2,324 -
-
3,308 56,768 -2,843
3,705 30,367
244,521 11 Sample and Limitations of the Data." Footnotes at end of table. See te~t for "Bplanation of Terms" and "Description of the
RETURNS OF ACTIVE CORPORATIONS
Assets-Continued Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total [All figures are estimates based on samples-money amounts are in thousands of dollars] Size of total assets
Total coactive rporation returns
Major industry, item
Zero assets
$ 1 u nder $ 00,000
(2)
(1)
$100,000
$250,000
$500,000
$1,00000
under $250,000
under $500,000
under $1.000,000
under $5,000,000
(6)
(7)
(4)
(3)
(5)
1
$5,000,000
$10,000,000
$25,000,000
$50,000,000
under
under $25,000.000
under $50,000,000
$100,000,000
$10,DOO,000
under
(10)
(8)
$100,000,000 und er $ 250,000,000
$250,000,000
(12)
(13)
or more
Total Mining 14,242
609
5,406
2,470
1,932
1,480
1,673
274
204
74
50
38
32
Total asse s ......................... ........ . ...... Notes and l accounts receivable, net ........................ . Inventories .................... ........ . ... - - Cash, Government obligations, and other current assets ..... Other investments and loans, ... ................... .. Depreciable assets ..... ... ..... ... .... . _ .. ... Less: Accumulated depreciation ........................ ...
64,505,341 13,841,214 3 ,369 ,233 7,058,615 12,454,058 32,006 ,156 12,345,949
-
212,296 25, 180 8,526 .36,745 18,933 194,497 98,556
438,814 64 ,151 14,384 72,375 49, 129 326,469 156,706
699,597 112 ,828 20,003 117,137 56,868 571,546 301,093
1,048,454 189 ,6BO 39,105 152,974 71 ,253 921,721 470,151
3,332,156 593, 307 144,548 524,953 318 ,655 2,417,136 1,170,360
1,858,513 331 , 595 105,064 318,032 203 ,506 1,144,760 553,287
3,133,890 477,321 154,652 442,732 385, 526 1,836,774 871.843
2,615,117 322,726 113,449 300,202 326, 119 1,511,035 582,622
3,475,320 556,158 184,651 338,538 589,114 1,526,828 611,539
5,683,163 588,201 336,622 452,499 1,263,945 3,203,795 1,280,372
42,008,021 10,580,067 2,248,229 4,302,428 9,171,010 18,351,595 6,249,420
Other capital assets less reserves' ........... ... .. . - - .. Accounts and notes payable, ............. . ..... .... . .. Other current liabilities ..................... ... ...... Mortgages, notes, and bonds payable in one year or more ................ I .... I ...... ... ................. ...... Net worth ................. ....... .. . ... . Cost of property used for investment credit .... .............
5,939,086 7,900 ,401 9,279,707
-
19,422 70, 115 18 ,416
54,487 127,328 18,913
96,463 205,779 38,074
101,959 278 ,289 65,240
388,328 868,477 208 ,221
240,671 403,912 119,078
533,814 586,243 197,090
492,851 396,749 156,038
745,252 531,148 169,533
874,437 557,961 247.254
2,391,402 3,874,400 8,041,850
9,838 ,345 32, 765,690 3,374,262
12,827
29,502 12,573 29,597
46,260 205,277 69,147
104,696 285,383 93,156
185,308 418,145 193,248
549,009 1,416,889 476,916
316,429 897,245 203,B41
561,161 1,522,954 250,549
588,848 1,234,459 200,082
789,953 1,608,326 196,140
1,640,037 2,760,856 475,536
5,027,142 22,403,583 1,173,223
Total receipts ...... Business receipts ....... . .... . . ..... ....... Cost of sales and operations .... ............ .. . ...... . Taxes paid ............ .. ... .. ...... . ..... . ...... Interest paid ........ ... . Depreciation ......... . . .. . .
65,909,994 63,670,496 30J71,612 1,173,758 1 ,166, 182 2 ,166,642
317,924 270,238 136,213 9,725 7,228 26, 186
474,732 457,219 244,430 13,123 5 ,665 23,289
678,334 657,428 339,701 2 8 ,1 88 7,382 41,786
871,700 848,879 480,039 35 ,112 14,258 56,396
1,513,590 1,460,659 836,229 52, 787 24,023 103,367
4,030,626 3,831,119 2,350,430 112, 753 79,533 290,226
1,985,194 1,885,977 1,108,569 64,603 37,572 127,105
2,786,378 2,554,217 1,521,598 94 ,198 67,915 159,437
1,926,729 1,801,442 1,052,896 55 ,630 62,539 102,343
2,505,095 2,337,790 1,471,840 81 , 149 63,407 128.127
3,289,396 3,089,023 1 ,894,357 109, 667 127,753 213,767
45,528,296 44,476,505 18, 735,310 526, B23 668,907 894,613
Pension, profit-sharing, stock bonus, and annuity plans .. ~ ... Employee benefit programs ............................. ... Net income (less deficit) ................... ... ... .. . .. . Net income ............. . . . .... . .. .. ... . .. . . . Income subject to tax ...... ..... . I ...... I .................. Income tax , total ..... . .. . ..... . .. ..... . . . . . ... Additional tax for tax preferences ......... . . - - ...
259,490 209,280 23 ,574 ,833 24 ,347 ,893 23,828,928 11,411,846 45,494
1,508 622 24, 102 46, 755 45,038 20,374
- 1,944 -7,262 35,841 12,167 2,949
53,004 71,476 42,925 11,494
2 ,525 25,603 70,502 44,481 14,710
6,215 3 ,619 76,113 129,969 84,260 33,163
21,123 18 ,530 304,179 407,163 305,089 136,472 2,092
10,110 10 ,231 185,643 225,306 180,464 85,854 2,328
14,040 19,745 260,819 345,915 301,422 145,894 4,019
7,630 13 ,345 196,946 241,472 211,176 101,310 64
16,831 30 ,043 227,831 273,785 253,562 125,290 12,02
33,243 16, 692 252,788 362,828 305,576 145,710 5,271
142,698 91 .785 21,975,067 22,136,881 22,042,768 10,58 8 ,6 26 17,510
Foreign tax credit .. . ... . ... . .... Investment credit ................ . . . ... . . Work incentive (WIN) credit ................ .. Distributions to stockholders except in own stock
10,196,770 163,766 172 1,015,895
711 30,974
i'l 99 11,005
752 I .1 1,372
3,149 1 11, 74
6,262 130 45,225 -
6139 19,311 -
;1 021 1016 , -
111851 4944 :
68,415
49 058
2364 " 9402 1 74,834
20,722 15,938 4 45,342
10,726 23 ,886 1 89,337
10,143,880 56 ,196 36 506,562
187
115
Number of returns .............. ..... ..
. . . . . . . .. . . .... .... ............
-
(1 ) 72,597
Mining: Metal Mining .... ... .....
1,089
Total assets ......... . . . .. .. - - .. .. - - ... Notes and accounts receivable , net .... . .... . ... ... . ... Inventories ................. .. . . .. . ..... ..... . . Cash, Government obligations, and other current assets ..... Other investments and loans' Depreciable assets ................................. ........ . Less: Accumulated depreciation .....
10 ,097, 824 855,898 903 ,524 555,043 3,053,018 5,418 ,938 2,192,538
-6 -
Other capital assets less reserveS2 ... __ Accounts and notes payable' . ... I ... .... I .................. ..... .. ... - .. Other current liabilities ........ . .... Mortgages, notes. and bonds payable in one year or ... .......
841,679 973 ,753 368 , 130
-
2, 108 ,716 5, 901 , 152 320,948
'140
Number of returns ....... .
. . .. . ... .
Net more worth ......... ............. ...... .. . . .... . . . ... ... .. ........ ... Cost of property used for investment credit . . . . Total receipts .... _ ..... .. . ..... .... Business receipts ........ . ... . . Cost of sales and operations .............. .. Taxes paid Interest paid ....... .... .. . .... . ... Depreciation ......... .... . .. .. .... . . .. . . . - Pension, profit-sharing, stock bonus, and annuity plans ..... Employee benefit programs . Net income (less deficit) ........... . Net income ..... . . . . . . . . . .. . .. . . . .. ............... I ............ Income subject to tax .... .. . Income tax, total Additional tax for tax preferences
. . .
. . .
Foreign tax credit ........... . . Investment credit .......... . . . .. . .. . .. .... .. . .... Work incentive (WIN) credit ........... . . Distributions to stockholders except in own stock .... ....
4 ,988,979 4 ,648,338 3 ,457,642 227, 291 182, 943 309, 759 48,769 12,591 3 ,863 199 ,617 157 ,890 74 ,819 6 ,487
-
'14,551
3,644 -
'128 '75 '-1 , 173
15,020 -9,707
'-384 -
-6 -
8 ,248 10 ,821 186,01 31 1
4
4
8
8
-4,711
134,651 11,611 3,986 16,968 4,508 119,688 35,663
262,329 9,864 36,394 13,645 120 ,864 134,187 70,033
1,243,644 69,462 118,820 118,558 268 ,882 765,469 347,543
7,945,595 695,309 712,692 352,027 2 ,584 ,026 4,152,197 1,576,684
-7,819 '11 ,563 -1 ,390
33 ,964 8,378
28,338 13,639 8,548
10,554 17,216 4,393
11,089 16,929 11,718
101,274 108,653 71,535
626,787 743,497 251,124
10,829 12,790 -2,743
61,445 1,327
947 '61,914 -4,791
21,758 103,558 6,448
63,944 30,584 3,426
61,826 142,136 7,687
269,813 641,729 48,250
1,648.031 4,839,592 243,500
'46,286
146,995 92,013 49,468 3,516 2,282 6,076
62,793 59,898 45,192 630 3,765 7,587
192,508 181,521 129,138 2,950 2,133 7,010
680,650 641,720 455,006 27,660 27,988 43,302
3,655,015 3,430,539 2,624,434 184,251 143,301 237,497
1,632 1 ,479 -2,645 1,207 56 167 150 -
117 -2,665 1.097 981 445 -
845 19 5,795 9,304 2,071 1,410 543 -
9,429 1 ,892 -14,015 21,372 15,666 8,348 868
35,488 8, 705 17,744 138,811 115,900 53,844 4,686
775 652 I 28,956
5,340 9,1910 I 128,232
-3 ,281 '10,978
'5,051
'24,289
14,682 '14,569
'5,076
'672 '1.316
12 164,234 7,861 12,375 7,631 18, 119 101,002 76,698
1,394 -
'5,032
- 1,280 '12,368 -4,640
56 154,136 40,798 ' 6.396 13,145 30 ,181 56,595 38,281
183
13,136 10,947
-1,116
132,455 129.994 91,474 4,569 1,055 1,887
12,677
15 ,877
-2,327
1,302
'-5,174
1,871
-2,587 1,066 -
7,041
169 -
-1,065
- 1
'8.036 1
'12,237 10,513
'12,976 1
6 1,411
383 43 -1
442 4,404
and "Description of the Sample and Limitations of the Data." Footnotes at end of table See text for "Explanation of Terms" .81111, co
RETURNS OF ACTIVE ~CORPORATIONS
.0b J~b
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollarsi Total Major industry, item
Size of total assets
coactive rporation returns
Zero assets
$1 under $100,000
$100,000 under 000 $250,
$250,000 under $500, 000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
$25,000,000 under $50,000,000
$50,000,000 under S100,000,000
S100.000 000 under, $250,000,000
$250 .000,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Mining: Coal Mining Number of returns . ...........................................
2,474
22
698
Total assets ........................... ...................... Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ........................................... Less: Accumulated depreciation ..................... ......
8,899,365 1,481,860 432,698 1,342,407 1,103,443 5,490,023 2,114,945
-
22 185 -3:546 -4,655
Other capital assets less reserves, ........................... Accounts and notes payable3 Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ............ I ........ I ....... - ........... Net m worth re ... ............... . . ............. ...................... Cost of property used for investment credit ..................
835,051 1,541,987 910,505
-
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ........................................... ...... Depreciation ................... ................. ............
10,711,062 10,351,276 6,400,215 368,212 189,056 577,846
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............................. ... Net income (less deficit) ..................................... Net income .... ................. - .............. ....... Income subject to tax ....................... .......... ..... Income tax, total ............................................. Additional tax for tax preferences ..........................
58,413 128,239 1,337,125 1,459,199 1,281,327 612,957 16,802
Foreign tax credit ............................................ Investment credit ............ ................................ Work incentive (WIN) credit ... ................. ............ Distributions to stockholders except in own stock ............ . Mining: Oil and Gas Extraction
89,283 60,284 27 310,171
Number of returns ............................................ Total assets .................................................. Notes and accounts receivable, net .................... .... .1 Inventories ................. ................... ....... Cash, Government obligations, and other current assets ..... Other investments and loanv ................................ Depreciable assets ............................. . . .. ...... Less: Accumulated depreciation ............................ ...... Other capital assets less reserveS2 ...
1,574,154 4,437,460 944,940
:63 2~3 11:4 6 17,595
'32,'.24 '11,245 '18,965
12,653
'-17,964 1,4 09
'20,163
'11,055
103,855 97,751 68,313 2,437 1,848 3,989
11,578 14,286 '14,784 -6,621
'89,135 '88,810
-1,004 -7,746 -1,067 9,910 15,655 '41 .8 -
'163 -6,183 -3,474 1,608 -
381
307
477
85
55
21
24
3
139066 29:039 -6,304 33,245 -7,221 94,829 35,406
225,701 28,967 -3,096 33,751 -4,718 233,719 90,190
943,528 121,652 15,826 179,365 73,557 785,698 302,325
553,721 75,312 16,404 135,275 81,489 347,140 147,944
835,895 125,073 31,805 151,678 97,632 574,443 261,019
743,403 118,874 42,568 100,016 78,414 448,126 165,444
2,205,161 361,105 126,670 293,024 279,785 1,176,836 478,117
3,167,492 613,968 185,370 392,024 480,235 1,755,425 603,569
1,556 52,553 18,475
4,387 70,593 12,325
47,875 277,467 69,253
28,132 107,609 41,928
80,748 170,752 83,103
73,378 109,762 64,241
311,428 272,806 167,394
284,188 448,827 442,401
'17,744 44,544 39,100
61,167 70,012 85,255
164,815 372,798 236,452
80,294 288,089 87,696
133,442 406,944 92,869
160,369 342,712 72,966
430,696 1,203,042 169,303
514.909 1,700,531 133,498
268,265 264,731 140,983 12,587 4,151 16,119
468,118 460,329 232,346 15,170 5,815 35,374
1,434,308 1,399,556 799,087 45,284 26,887 134,384
851,836 817,932 475,816 28,800 9,030 47,376
1,127,801 1,087,221 644,598 39,446 19,981 62,752
847,'080 822,670 457,756 27,880 20,860 34,932
2,239,206 2.106,439 1,431,096 78,962 36,889 100.128
3,184,065 3,111,744 2,054,299 109,161 61.206 129,383
* 1,069 29,021 49,116 25,802 10,871 77
5,766 8,070 119,328 159,243 110,393 501'J9 460
5,165 5,793 118,677 122,013 99,752 47,348 491
3,405 13,741 141,987 156,189 145,310 70,587 1,649
2,355 11,513 132,494 144,087 137,286 65,821 393
17,672 34,921 277,993 285,368 256,045 126,087 12,169
22.296 51,704 478,454 478,454 472,756 227,881 1,446
1,238 12,377
8,201 29,740
4,963
1 7,482
36 4,547
25,484
35,664
55,809
101 17,556 1 55,405
89,145 14.961 26 71,469
533 11,500 25,635 1 5,684 5,686
11,005
'I 7,340
545
3,2t6
1,237
707
609
708
112
104
38
24
22
18
39,701,815 10,759,387 1,415,218 4,535,016 7,743,750 16,040,479 5,563,279
-
138,241 19,511 1,709 23,958 14,073 86,493 27,7V
229,044 23,474 37,490 38,922 145,900 61,664
270,389 47,431 8,808 41,371 34,795 139,578 64,096
433,617 95,299 13,932 71,675 36,495 282.577 138,098
1,446,639 296,543 60,999 228,077 163,777 773,387 347,1108
774,183 168,820 35,658 90,946 68,468 386,929 173,068
1,605,708 282,562 62,721 200,868 219,928 734,033 298,671
1,338,465 126,393 28,544 141,837 199,669 628,870 218,463
1.748,312 327,724 46,454 113,977 310,543 520,070 154,724
3,060,416 273,932 100,772 171,282 829,685 1,697,834 624,546
28,656,801 9,097,698 1,050,544 3,413,535 5,827,395 10,644,808 3,455,054
Accounts and notes payable3 ................................ Other current liabilities ................. ..................... Mortgages, notes, and bonds payable in one year or re ............................... . .... .... . Net m worth .......................................... ......... Cost of property used for investment credit ..................
3,718,540 4,632,770 7,749,531
-
16,642 38,716 4,223
27,194 77,087 9,701
52,926 84,444 8,363
54,565 135,520 26,913
212,667 414,031 94,141
152,935 217,496 45,984
360,917 336,801 82,488
353,973 211,674 68,286
552,665 364,011 57,808
573,324 237,090 75,062
1,360.732 2,515,900 7,276,562
5,192,925 19,418,277 1,666,981
6,129
25,1 72 37,909 25,576
'12,005 110,140 31,447
40,782 116,285 24,931
67,084 153,898 63,672
231,917 564,149 178,243
147,574 296,727 71,172
323,814 710,805 121,147
274,927 646,200 93,078
426,631 658,910 78,253
1,102,065 1,379,690 327,403
2,540,954 14,743,564 645,930
Total receipts .......... .......... ... .... .. ... Business receipts ................... . . ......... .. . . . .. Cost of sales and operations ................................ Taxes paid ...................................... . .... ..... Interest paid ............ ___ ... ............... . . .. .... Depreciation ......................... ........... . - - ...
44,954,409 43,608,854 17,168,972 418,701 664,143 920,507
185,168 147,102 50,083 6,760 4,400 19,666
309,773 303,130 143,960 7,274 4,048 11,6E2
427,766 410,175 222,488 14,747 3,868 20,242
317,772 304,195 174,066 10,565 3,294 13,777
661,281 626,672 395,013 21,227 9,697 33,015
1,540,571 1,408,424 886,000 34,153 33,607 87,576
568,076 523,148 281,725 17,333 16,315 45,302
1,060,823 949,143 537,779 26,464 36,095 59,086
553,679 477,969 217,412 16,062 27,449 38,849
701,680 634,085 356,323 19,468 36,532 37,566
1,222,986 1,126,907 517,773 44,173 74,262 120,410
37,404,834 36,697,904 13,386,350 200,475 414 ,576 433,356
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ........................ . . . . .. Net income ......... ............ .. . . .. . . . . . Income subject to tax ........ -_ ............... . . Income tax, total ................... . .. . . .... . . Additional tax for tax preferences ..........................
113,503 39,698 21,968,782 22,349,255 22,124,169 10,600,805
1,430 181 9,923 28,254 26,171 11,438
-12,551 15,666 8,759 1,940
36,285 47,548 29,808 7,253
1,023 1,234 14,643 29,153 19,861 6,303 145
1,497 737 41,824 56,236 44,159 17,335
6,638 3,551 130,323 175,569 135,214 60,336 1,147
1,347 982 43,546 66,703 50,559 24,418 1,528
4,634 1,516 105,151 166,799 138,241 66,612 1,930
2,032 393 51.771 80,124 59,647 28,360 820
3,585 Bit 47,347 86,793 83,785 39,513 942
13,251 3,997 100,191 170,468 153,208 71,477 376
75 ,240 25,448 21.400,329 21,425,942 21.374,757 10,265,820 8,213
Foreign tax credit ............................................ Investment credit .... .............. ................ .... . . ...... Work incentive (WIN) credit ................... Distributions to stockholders except in own stock ....... ....
10,073,453 75.116
-
-
314
-1,017 --
1,282 -
1,262
3,538
7,712
4,443
1591 3:316
20,627 3,637
9,945 13,992
10,024 ,444 28 ,378
380,720
15,829
7,86 1
-3,9801
24,777
16,213
3,389
14,356 1
7.232
22,790,
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitaloons of the Data."
1
489 I6225 : . 29 286
235,008
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars) Total Major industry, item
Size of total assets
coacWe rporation returns
Zero assets
$1 under $100, 000
$100,000 under $250,000
$250,000 under $500,000
$500,000,000 under $1.000,000
$1,000,000 under $5,000,000
$5,000,000 under S10,000,000
$10,000,000 under $25.000,000
$25,000,000 under S50,000,000
$50,000,000 under $100,000,000
$100,000,000 under $250,000,000
$250,000,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Mining: Nonmetallic Minerals, Except Fuels Number of returns ..... ........................... ..........
3,339
870
645
729
509
432
65
33
11
6
3
Total assets .............................. ................... Notes and accounts receivable, net .......................... Inventories ........................................ .......... Cash, Government obligations, and other current assets ..... Other investments and loans' .............................. . Depreciable assets ................ ......... ...... .... - . Less: Accumulated depreciation ............................
5,806,337 744,069 617,793 626,149 553,847 5,056,716 2,475,187
40,514
112,426 24,229 -3,874 13,488
257,501 34,468 4,891 40,106 8,852 326,161 195,967
358,423 64,020 22,077 47,431 26,759 387,824 237,152
787,853 134,314 61,327 104,366 51,140 801,456 482,646
446,215 74,786 45,574 65,076 37,672 376,858 209,321
528,053 61,825 47,751 82,555 49,847 427,296 235,455
398,598 65,848 38,351 41,381 43,528 314,351 163,052
638,621 102,272 93,163 80,551 43.300 436,227 216,948
2,238,133 173,092 299,623 144,842 279,354 1,799,165 614,113
Other capital assets less reserves' . ~ .......... .......... . . Accounts and notes payable' ........................... . .. Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more ................ I ........................ I I ...... I ..... Net worth .............................................. . . . Cost of property used for investment credit ..................
543,816 751,891 251,541
'10,077 16,764
34,077 67,650 10,330
35,605 60,6 1 3 24,612
101,825 143,015 36,449
51,785 75,419 21,769
63,811 65,051 22,951
54,946 58,097 19,118
69,909 89,620 33,270
119,695 166,176 71,763
962,550 3,008,801 441,393
'17,064 63,334 '15,387
45,364 100,265 28,639
46,228 207,025 41,578
130,301 418,497 60,894
87,614 250,515 40,182
82,147 301,647 30,085
89,608 214,963 30,612
139,586 343,675 40,780
323,248 1,119,896 150,295
Total receipts ............................ ... .. . . . . .. Business receipts ............... ......... . ... . . . .. ... Cost of sales and operations ............................. .. Taxes paid .................. . ........ . . . ... . . . . . Interest paid ............................ .. . Depreciation ........................................... . . ..
5,255,544 5,062,028 3,144,783 159,554 130,040 358,530
146,751 143,874 76,1 1 1 7,113 '1,457 12,482
280,587 274,985 162,560 11,305 6,630 26,122
371,055 362,711 202,872 16,002 7,395 32,976
923,292 893,145 573,869 28,747 17,984 66,379
482,284 464,958 304,742 16,303 1 1,779 32,100
452,759 425,840 289,753 14,772 9,557 31,523
463,177 440,905 332,536 11,058 10,465 20,975
757,461 736,141 476,861 17,603 13,356 33,478
1,284,382 1,236,318 670,227 32,936 49,824 94,377
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ..... ......... ..... . .... . . . Net income (less deficit) ..................................... Net income ................... ..... .. . . . . . . ... . Income subject to tax ........................ ......... . ... Income tax, total .............. . ...... _ - _.- - .. - .. Additional tax for tax preferences ..........................
38,905 28,752 265,063 339,822 265,542 123,265 6,989
9,234
3,180 15,714 8,936 2,721 -
3,649 2,514 10,442 22,030 11,712 3,891
7,507 6,675 52,657 62,424 52,441 22,284 245
3,435 3,386 16,493 24,353 19,640 9,093
4,369 3,009 16,326 21,720 17815 8:528 . 290
3,243 1,322 15,346 16,164 13262 6:684 431
5,292 5,095 63,308 63,308 48,363 24.165 2,397
9,674 5,928 78,540 93,674 79,355 41,081 3,165
Foreign tax credit ............. ..... ..... Investment credit ............. .. ....... .. ... . Work incentive (WIN) credit .............. .. ... Distributions to stockholders except in own stock
- - - - ... . . . . . . . . ............
25,786 17,545 4 138,991
1,544 7,209
361 1 231 4,238
354 1,496 1 4,669
3,545 3 15,892
24.951 3,666 71,853
191,219
4,212
106,634
38,823
18,952
11,533
9,395
1,002
454
125
45
44
Total assets .................. ...... Notes and accounts receivable, net .......... .... . . . .... Inventories .................. ........ - ... - - - Cash, Government obligations, and other current assets ..... Other investments and loans' ............. ...... . . - ... . Depreciable assets ................................. I ...... Less: Accumulated depreciation ............... ....... ....
76,691,947 20,796,335 12,554,152 15,131,449 7,031,497 28,435,327 13,907,750
-
3,659,922 895,291 451,798 759,794 270,298 2,089,368 1,109,013
6,332,387 1,766,550 974,842 1,302,882 427,180 2,829,222 1,525,260
6,678,924 2,042,917 1,208,162 1,296,510 375,440 2,715,607 1,465,134
6,008,035 2,488,568 1,387,587 1,596,046 503,256 3,032,606 1,601,232
18,323,538 5,357,117 3,333,156 3,901,342 1,189,763 6,449,674 3,409,088
6,843,534 1,902,620 1,254,160 1,478,910 487,751 2,309,901 1,209,161
6,843,767 1,888,520 1,148,559 1,448,761 551,558 2,200,208 1,089,477
4,245,648 B95,052 911,716 916,592 422,239 1,139,203 511,954
3,152,922 672,457 425,954 528,191 414,901 1,019,805 346,352
12,603,270 2,887,243 1,458,218 1,902,421 2,389,111 4,649,733 1,641,079
Other capital assets less reserves' ......... Accounts and notes payable' ........... _... Other current liabilities .................. . . . ... Mortgages, notes. and bonds payable in one year or re ........ ... I ..... I ............... ...... ....... Netm worth ......... ......... ........ ... - - ... Cost of property used for investment credit ..................
3,861,667 25,747,455 9,477,324
-
151,499 1,496,339 327,901
351,248 2,354,183 524,513
343,790 2,518,969 663,454
376,337 3,127,739 918,223
881,499 6,895,256 2,492,849
307,705 2,255,268 1,097,063
297,374 2,252,428 1,114,888
273,652 1,460,356 654,674
221,412 759,425 469,981
655,151 2,627,492 1.213,778
12,637,295 19,029,077 3,268,116
3,765
511,053 586,213 276,237
820,445 1,932,935 356,391
896,301 1,993,014 296,598
1,173,753 2,091,583 369,101
2,707,886 4,221,721 747,855
1,157,551 1,300,735 216,135
1,139,938 1,259,732 207,136
741,482 680,075 112,412
786,169 664710 69:972
2,702,717 4298,359 612,514
.. . . . ..
146,955,117 143,412,715 116,845,554 3,010,151 1,973,244 2,846,195
792,744 758,214 656,917 11,778 18,966 15,141
14,740,219 14,600,077 10,632,420 408,578 118,556 282,177
17,724,381 17,468,714 13,201,674 460,498 177,703 342,467
15,778,449 15,541,004 12,194,765 382,702 163,576 292,345
17,789,154 17,478,860 14,115,582 397,825 204,165 323,135
35,393,947 34,632,197 29,021,800 675,496 440,828 647,702
11,161,310 10,825,623 9,278,570 188,538 158,951 214,278
10,023,673 9,682,062 8,502,566 151,088 140,118 190,008
5,037,710 4,834,731 4,285,611 78,938 100,949 97,985
2 7 2:6 2,274,809 39,606 101,305 73,573
15,716,030 14,938,462 , 12,680,840 215.104 348,127 367,384
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ....... - ....................... Net income (less deficit) .................... .. .. Net income .... ...... ... . ... - _... - ... Income subject to tax .......... ........ I .................... Income tax, total .............. .. . . .. . . . . . . . . . . . . .... .... Additional tax for tax preferences ........
799,630 545,206 2,236,262 4,514,864 3.477,260 1,332,299 1,461
3.265 1,201 -17,275 41,849 17,544 7,976 -
38,195 65,086 -66,471 378,172 175,725 36,485 -
67,864 79,643 249,422 535,724 361,574 83,364 -
88,415 65,239 280,509 499,037 344,875 95,563 -
121,885 75,415 288,326 521,438 369,803 121,045 '13
214,229 124,793 651,572 1,081,677 915,353 381,823
57,916 32,176 194,985 368,125 310,504 141,876
43,889 22,782 182,365 316,077 283,064 131,831 226
23,087 14,077 44,171 137,020 124,946 59,221 44
12,732 5,130 -2,026 64,829 39,593 19,033 570
128,153 59.664 430,684 570.916 534,279 254,0132 478
Foreign tax credit ............ ...... . ... . .... Investment credit .................... . ...... Work incentive (WIN) credit ............... . ...... Distributions to stockholders except in own stock ... . . . ..
5 83 147 2:424
1,045 606 .8
5,177
12,200
12,777
15,750
37,296
11,787
51.4 i4 l
(150,970 1
47,949 1
69,914 1
19,863 1
798 3,449 10,527
43,596 33,591 2 120,972
6,353 3,512 '46,443
-11,016 -2,612 '65,262 -17,259
'37,993 '613
-4,215
-4,237 -4,520
123,866 74,090
1,508 -
923 -
1,317 -
3,346 14,426 1
Total Construction Number of returns ........ . .
.....
Total receipts ... . ....... . . .. . . . .. . . - ... Business receipts .......... . . . . . . .. ... . . .. . Cost of sales and operations ............................. Taxes paid ... - - - - - - - - - - - - - . .. . . . . . . . . Interest paid ................ .. . . . .. . Depreciation ....... . ...
40,724 -1 46 Footnotes at end of table. See IeA for "Explanation or Terms" and "Description of the Sample and Limitations of the Data."
5,512 11,014 15 28,632 1
707 3,777 3 13,452 1
RETURNS OF ACTIVE CORPORATIONS
ah C11%
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [AD figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total active corporation returns
Size of total assets Zero assets
$1 under 00,000 (3)
$100,000 under $250,000 (4)
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
(5)
(6)
(7)
_.
$5,000,000 under $10.000,000
$10.000,000 under $25,000,000
$25,000,000 under $50,000,000
(8)
(9)
(10)
$50,000,000 under $100,ODO,000
$100,000,000 $1 (12)
$250 000.000 or ' more (13)
Construction: General Building Contractors and Operative Builders Number of returns ............................................
74,587
2,078
37,809
15 ,447
8, 214
5,241
4,885
523
25 4
81
30
16
9
Total assets .... ....................... ............ ........ Notes and accounts receivable, net .............. ........... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................
39,368,084 8,996,425 8,385,747
-
1,260,131 237 ,258 199,898 316,840 122,572 468,738 214,089
2,537,547 523, 554 562,226 619,871 196,399 600, 105 293,850
2,925,890 673,629 794,488 607,600 162,511 667 ,556 298,638
3,688,317 925,723 949,631 747,680 256,315 735 ,799 313,689
9,674,597 2,323.624 2,368,051 2.062,412 679,159 2,056 ,911 843 ,217
3,578,575 917,117 699 ,927 815,071 282,197 784 ,551 327 ,336
3,905,480 992,496 769 ,033 853,611 328,231 891,008 348, 928
2,141.880 423,982 33 4,652 285, 004 288.487 631,607 171 ,389
2,409,368 600,928 446,170 596. 460 180,085 636,322 285.261
4,475,857 649,451 622.286 675, 364 788,891 1,521,966 401,620
14,792,256 4,768 ,488
-
2,770,442 528,663 639 ,385 625,635 277,602 562,965 206, 294
71,601 597,498 109,966
222,243 1,075,866 219,675
231,839 1,309,148 296,462
248,747 1.675,324 401,090
627 ,792 4,143,971 1,273,759
205 ,592 1,387,801 545,705
210, 472 1,442,119 537,358
209. 184 1,024,633 439,993
154,922 491 ,670 225,564
201,769 609,888 181,987
339,575 1 . 034 ,338 437,029
7,997,608 6,407,634 905,017
1,434
197,797 32 ,907 74,994
400,653 493 ,516 80 ,640
467,814 485 ,777 66, 970
614,278 627, 720 76, 767
1,770,075 1 ,392. 498 189,661
778,305 375,090 49,809
780,086 479,728 46,287
568,750 314,223 54,495
645,102 391.335 29,676
539,759 579,932 57,969
1.234,989 1.234,908 176,315
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ................. ................. ............... Depreciation ..................................................
65,130,038 63,283,333 55,001,594
528,048 511,747 475,141 5,366 15 ,982 3,946
5,441,784 5,392 ,744 4,339,175 100,083 49 ,741 61,107
6,531,155 6,453, 075 5,281,767 106,683 87, 924 72,619
6,515,014 6 ,407, 130 5,504,076 112,003 76,669 65,975
7,314,917 7 ,186,854 6.232,267 105,700 107,178 64,543
16,360,921 15 ,934,069 14,114,275 217,424 264,213 181 ,590
5,302,468 5,115,250 4,587,612 63,061 101,138 63 ,026
5,350,732 5,159,902 4, 707 ,440 61,965 89.540 62 ,043
3.093,458 2,955,038 2,660 ,449 44,845 70,854 47 .858
1,597,250 1,495.012 1 ,275 ,566 26,780 79,097 37,919
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefi t programs ........................ : ......... Net incorne Pess deficit) ................ .....................
'1,773 480 -31 , 405 13,445
13,836 8,476 -59,893 114,348 55,721 11 ,635 -
14,983 12,258 78 ,816 180,667 116,063 25,271 -
3.973,010 3,756,383 3.157,913 65.349 154,491 102,618
Net income ................................................ Income subject to tax .............. n ........................ Income taxi, total . ............................................ Addifional tax for tax preferences ..........................
245,946 114,523 420 ,735 1,572,495 1,168,649 441 ,511 815
3,121,281 2,916,129 2 .665, 9 13 35,934 65,557 55,528
18,828 11,619 58,173 151,855 99,755 25,943 -
31,555 15,659 65,172 173,047 104,019 30,645 -
67,801 27,177 145,125 380,268 302,817 120,275 ' 64
17,710 8,757 28,310 133, 447 102,973 45.687
16, 151 7,476 35.889 117, 123 102,644 46,837 55
13, 128 7.726 21,032 93,630 84,208 39,823 9
Foreign tax credit ............................................ Investment credit .... ........................................ Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ....... ....
11 ,81 5 2,072 32,019 93.063 92 ,694 44,277 148
25, 346 36,413 21 154,468
-3 -1,801
5,288 3,322 -17,486 28, 152 16,625 7,959 228
33,078 9,501 64,983 93,450 87 ,144 41 ,299 253
2,650 -3 3.690
390 2,436 4 11 ,20 3
3 1 ,929 2 9 ,3861
322 834
2,699 3,343
21.846 6,943
5.4 iS
12,l ig
27,480
Other capital assets less reserves2 ................. ......... Accounts and notes payable3 . ............................... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more ...................................................... Net worth .................................................... Cost of property used for investment credit ..................
8,205,548 3, 562,44 9
9,557,528 3,704,311 2,723,736
945,193 1 ,162,384
818,772
1 ,860 -
744 10,315
2,545 12,8051
2,996 (1) 16,192
(1 ) 2,485 17,306
9,505 12 26,6661
Construction: Heavy Construction Contractors ...
Number of returns ............................................
15,197
224
5,137
3,441
2,328
1,888
1,745
269
118
Total assets .......................... - ..................... Notes and accounts receivable, net .......................... Inventories ..................... .............................. Cash, Government obligations, and other current assets ..... Offie investments and loans . .................... ........... Depreciable assets ........................................ ... Less: Accumulated depreciation ....... ...............
-
19
16,644,007 4,597,881 1,132,964 2,909,469
234,136 41,779 6,045 38,504 9,012 261 ,991 146,999
579,270 152 ,623 14,849 83,270 24,642 627 ,831 365,215
816,271 235 ,648 32,251 180,482 45,702 770, 749 484,858
1,289,229 369 ,748 73,694 253,361 67,724 1,131,123 674,580
3,536,338 1 ,067 ,648 175,500 788,776 239,749 2,746,004 1,699.828
1,816,721 533 ,547 148, 577 421,092 130,194 1,188,734 734,691
1,733,499 522,918 141 , 542 317,697 145,243 1,065.180 623,295
-
636.685 138,085 121 ,069 80,693 54,559 371,653 205,563
6,001,858 1,535,885 4 19,437 745,594 1,372.485 2,645,001 1 ,085,408
12,031 87,408 15 ,826
19,608 231,294 31 ,425
20,189 266,096 50,279
49,160 426,422 136.912
140,181 1.100,887 337,361
78,870 476,296 282,134
52,874 478,105 215,213
31 ,737 185.935 39,439
175.148 1,102,203 709,199
2,089,310 10,808 ,266
6,020,437
28 ..
Other capital assets less reserves, ........................... Accounts and notes payable. ................................ Other current liabilities ....................................... Mortgages, notes. and bonds payable in one year or more ...................................................... Net worth .................................................... Cost of property used for investment credit ..................
2.380,321 6, 125,800 1,351,739
-
45,968 19, 778 27,760
94,324 150,225 77,407
119,231 337,351 79,579
207,269 454956 141:243
479,248 1,313,728 331,936
234,113 604,880 121 ,098
251,467 528,810 131 ,789
Total receipts ............... ................................ Business receipts ................................. ........... Cost of sales and operations ..................... .......... Taxes paW ................................................... Interest paid .................. ............................. .. Depreciation ..................................................
58,101 190,538 43 ,748
31,031,555 29,986 ,602 24,217,949 614,402 402 ,926 1,090,087
90,037 75, 557 56,210 2,151 2,037 7,008
890,600 2,525,534 396,278
827,1375 810,453 559,225 26,1318 9,369 34,1391
1,239,966 1 , 156,595
1,857.757 1 ,818,911
2,787,180 2,718,380
827,884 37,618 20,091 68,510
1,325,876 52,531 24 ,298 82,418
2,084,755 80,235 36,613 120,316
7,663,663 7,473,356 6,008,059 170,253 86,782 285,692
3,524,943 3,421,496 2,B41 ,208 67,154 37,787 117 ,376
3,010,086 2,903,128 2 ,469 .261 47,331 36,443 104, 702
Pensim profit-sharing. stock bonus, and annuity plans ...... Employee benefit programs .................................. income (less deficit) ..................................... Net income ........................... ....................
'784
9,193,837 8,808,889 7,356,613 116,513 135,930 232,399
11,004 17,889
Additional tax for tax preferences ..........................
208,791 126,387 868,834 1,287,311 1,070,049 467,419 514
-
836,411 799,837 688 ,858 13,998 13,576 36, 775
-2,229 28,804 17,832 3 ,983 -
3,591 18,970 58,875 30,248 8 ,031 -
9,404 10,087 31,963 74,854 46,133 13,334 -
15,386 13,770 37,430 86,708 66,796 22,100 '13
47,902 28,619 229,380 318,490 275.655 120,134
23,527 8,079 111 ,931 152.778 133,522 62,118
15,249 6,667 88,972 125,795 113,914 53,930 70
Foreign tax credit ............................................ nvestment credit .............. .............................. Work incentive (WIN) credit ..... ............................ )istributions to stockholders except in own stock ............
6, 139 2.951 12,053 25,725 25,252 12,043 16
21,034 69,754 20 127,924
87,396 47,893 329,360 397,393 354 ,692 168,917 415
1,126
2,360
3,587 -
16,652 .9
.1'wl
'4,21~2
4,474 ,
6,279 (1) 1 2,263 ,
'566 6,969 -4 8 ,990 ,
871 6 ,654 4 9 ,141 ,
95 1 ,290 1 1 ,8 1 7 1
19,502 24,339 2 70,692
1"I'DOW subject to tax ........................................ ncome tax, total ...... . . . ... ..... ..... . .....................
579,798 4,354,646 1 ,817, 788
ple and Limitations of the Data
17 ,139 ,
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued JAU figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
Size of total assets
.0 active rporation returns
Zero assets
$1 under $100 ,00 0
S100,000 uncl or $250, eoo
$250,000 under $500,000
S500,000 under $1,000,000
$1,000,000 under S5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
$25,000,000 $50,000,000 under under $50,000,000 _ . S100,000,000 (10)
(11)
$100,000,000 under $250,000,000
$250,000,000 or more
(12)
(13)
Construction: Special Trade Contractors 101,435
1,910
63,688
19,935
8,410
4,404
2,765
210
82
25
1
Total assets ....................... ...................... ... Notes and accounts receivable, net .......................... Inirentories ................................................... Cash, Government obligations, and other current assets ..... Other investments and Iffansi .......... ..................... Depreciable assets ........................................... Less: Accumulated depreciation ............................
20,679,856 7,202,029 3,035,441 4,016,432 1,379,738 8,069,533 4,183,002
-
2,165,655 616,254 245,855 404,450 138,714 1,358,639 747,925
3,215,570 1,090,373 397,767 599,741 206,139 1,601,286 866,195
2,936,763 1,133,640 381,423 508,428 167,227 1,277,302 681,638
3,030,489 1,193,097 364,262 595,005 179,217 1,165,684 612,963
5,112,603 1,965,845 789,605 1,050,154 270,855 1,646,759 866,043
1,448,238 451,956 405,656 242,747 75,360 336,616 147,134
1,204,788 373,106 237,984 277,453 78,084 244,020 117,254
838,521 228,304 151,262 210,264 90078 204,585 100,097
727,229 149,454 61,627 128,190 174,064 234,642 43,753
Other capital assets less reserves, ........................... Accounts and notes payable3 ........................... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more _ ~ .................... - I .................... - I ..... Net worth ............................. ...................... Cost of property used for investment credit ................ I .
558,133 6,600,553 2,891,048
-
67,867 811,433 202,109
109,397 1,047,023 273,413
91,762 943,725 316,713
80,430 1,025,993 380,221
113,526 1,650,398 881,729
23,243 391,171 269,224
34,028 332,204 262,317
32,731 249,788 175,242
5,149 148,818 130,080
2,259,366 6,495,643 1,011,360
-
267,288 533.528 173,483
325,468 1,289,194 198,344
309,256 1,169,886 150,049
352,206 1,008,907 151,091
458,563 1,515,495 226,258
145,133 320,765 45,228
108,385 251,194 29,060
114,631 175,314 14,169
178,436 231,360 22,248
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ........ ....................... Taxes paid ............................. ..................... Interest paid .................................................. Depreciation ..................................................
50,793,524 50,142,780 37,626,011 1,450,556 407,934 937,336
174,659 170,910 125,566 4,261 947 4,187
8,470,760 8,396,880 5,734,020 281,877 59,446 186,179
9,953,260 9,859,044 7,092,023 316,197 69,688 201,338
7,405,678 7,314,963 5,364,813 218,168 62,609 143,952
7,687,057 7,573,626 5,798,560 211,890 60,374 138,276
11,369,363 11,224,772 8,899,466 287,819 89,833 180,420
2,333,899 2,288,877 1,849,750 58,323 20,026 33,876
1,662,855 1,619,032 1,325,865 41,792 14,135 23,263
1,107,841 1,079,856 936,304 20,095 16,519 13,352
628,152 614,820 499,644 10,134 14,357 12,493
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............ ..................... Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax, total .................................... ........ Additional tax for tax preferences ............ ......... ...
344,893 304,296 946,693 1,655,058 1,238,562 423,369 132
-1,492
23,575 51,932 -4,349 235,020 102,172 20,867 -
49,877 63,794 151,636 296,182 215,263 50,062 -
60,183 43,533 190,373 272,328 198,987 56,286 -
74,944 45,986 185,724 261,683 198,988 68,300 -
98,526 68,997 277,067 382,919 336,881 141,414 .8
16,679 15,340 54,744 81,900 74,009 34,071 -
12,489 8.639 57,504 73,159 66,506 31,064 101
3,820 3,400 11,086 17,665 15,486 7,355 19
3,30B 2,006 19,782 23,687 22,717 10,663 4
Foreign tax credit ............ ................ .............. Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
6,454 41,257
(1)
6,194 (1) * 30,304
6,986 28,380
11,139
2,168 .9
609 558
25 1,581
26,109,
7,183
4,251 1,924 7 8,288
2,249 -
15,703
Number of returns ............................................
3,126 10,515 -3,287 -
105 .8
182,161
3,307 29,408
* 7,295 34,337,
Total Manufacturing Number of returns ....... ................ ...................
217,354
5,665
89,693
43,714
27,574
21,126
21,899
3,511
2,065
793
469
397
448
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................. Depreciable assets ................................... ..... Less: Accumulated depreciation ............................
944,581,970 203,845,270 172,948,362 86,637,969 148,575,994 500,263,386 242,674,676
-
3,330,688 794,847 560,742 526,968 128,752 2,276,710 1,209,156
7,172,374 1,896,226 1,447,926 1,170,152 332,308 4,307,141 2,349,979
9,895,510 2,577,145 2,219,107 1,486,788 439,248 5,690,153 3,068,786
14,872,544 3,923,203 .3,592,985 2,073,325 704,268 8,450,834 4,609,978
45,402,174 11,279,722 12,550,492 5,649,497 2,410,127 23,376,331 12,091,574
24,367,056 5,484,344 6,972,074 3,372,030 1,592,535 11,228,231 5,513,014
31,527,966 6,823,843 8,591,459 3,424,495 2,507,378 15,740,179 7,490,857
27,817,079 5,524,353 7,294,593 2,739,929 2,799,659 14,015,833 6,428,345
33,209,832 6,483,386 8,182,530 3,337,217 3,722,797 16,799,136 7,797,447
61.995,030 11,822,104 14,687,208 5,755,606 7,693,825 32,758,897 15,212,264
684,991,717 147,236,097 106,849,246 57,101,962 126,245,097 365,619,941 176,903,276
Other capital assets less reserves, ........................... __ ......... .... Accounts and notes payable3 Other current liabilities ......................... ............. Mortgages, notes, and bonds payable in one year or more ................... ................................... Net worth .................................................... Cost of property used for investment credit ..................
36,256,192 186,866,591 77,470,481
-
96,732 1,053,382 356,418
158,588 2,143,182 579,784
274,489 2,918,491 799,371
406,177 4,360,379 1,325,347
1,216,078 12,623,853 3,945,370
666,116 6,857,757 2,114,372
969,038 6,724,186 2,782,925
916,168 5,042,933 2,521,973
1,093,608 5,335,254 2,972,354
1,919,713 9,235,368 5,840,756
28,539,485 130,571,806 54,231,811
175,162,951 442,587,674 47,573,499
68,994
559,099 705,568 262,018
1,145,179 2,679,057 474,228
1,484,011 4,049,584 593,932
2,197,112 6,197,618 800,712
6,227,727 20,793,890 2,132,954
3,201,172 11,090,539 942,762
4,880,110 15,710,355 1,419,767
4,902,602 14,081,589 1,259,688
6,227,055 17,082,080 1,471,352
12,524,526 31,429,122 2,852,494
131,814,358 318,768,272 35,294,598
Total receipts .................................. ............. Business receipts - ....................... - ............... Cost of sales and operations ................................ Taxes paid ................. ................... .. ......... Interest paid .... ............................... ............. Depreciation ...................................... . ........
1,296,359,650 1,258,338,650 925,111,030 34,402,452 22,055,903 34,663,115
3,953,521 3,846,796 2,882,599 89,707 77,542 81,169
10,697,961 10,609,481 7,120,288 355,650 93,355 236,795
17,699,594 17,528,038 12,140,486 513,476 173,214 405,568
23,107,264 22,868,179 16,125,919 610,422 260,912 500,961
35,489,752 35,089,023 25,656,369 855,272 369,921 696,869
97,210,072 95,904,075 71,442,470 2,220,406 1,124,248 1,862,713
46,187,447 45,406,747 34,417,755 950,585 588,674 865,346
54,989,928 53,916,397 39,953,890 1,322,209 740,216 1,190,160
43,370,260 42,315,813 31,068,442 1,090,572 677,305 1,041,559
50,529,967 49,326,543 35,913,653 1,555,630 784,212 1,212,576
88,147,198 85,859,219 61,471,855 2,041,878 1,489,514 2,300,009
824,976,686 795,668,339 586,917,304 22,796,645 15,676,790 24,269,390
Pension. profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............ ..................... Net income (less deficit) ......................... . . .. .... Net income ........................ . .. .. - - - Income subject to tax ................ ......... .. . . . - Income tax, total ....................... . . . . .... Additional tax for tax preferences .........................
13,667,253 9,603,033 68,406,627 74,466,554 69,739,743 32,475,947 60,150
26,292 19,593 116,127 210,670 189,871 86,459 .3
32,805 48,776 -122,031 311,898 169,443 37,023 -
80,493 83,934 240,107 670,930 477,316 109,737 -
150,209 106,409 561,431 928,599 715,209 208,972 -
222,853 163,294 1,173,527 1,533,553 1,251,462 458,978
631,829 454,544 4,016,504 4,955,470 4,394,921 1,937,030
276,041 195,121 2,120,590 2,565,122 2,373,119 1,106,050 *34
386,537 276,708 2,737,244 3,406,031 3,220,480 1,520,269 324
330,560 232,582 2,359,802 2,666,562 2,528,888 1,195,171 350
397,534 337,017 2,723,485 3,085,160 2,953,102 1,398,911 864
875,512 653,936 4,973,055 5.244,805 5,078,763 2,409,502 931
10,256 ,588 7,031 ,119 47,506 ,786 48,887,754 46,387 ,169 22,007,845 57,198
Foreign tax credit ................... . . . ..... . . . Investment credit ..................... .......... . .. . .. .. Work incentive (WIN) credit ............................... ... Distributions to stockholders except in own stock ............ 1
8,583,123 2,864,625 3,235 19,973,0611
7,467 3,820
9,079
21,454
'170 28,011
47,358
7,223 130,942
182,583 205,995
43,923 -
64,732
84,1351
1 32,347 '80 1
421,11 5'0 71
8 ,229 ,282 2,089, 884 :135 16,686277 1
33,365 . 11 Footnotesat end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
8,462 64,094 195 230,1801
37,8321 92,6591 189 336.076 1
42,626 80,693 166 344,637
67,101 90,636 161 514,8201
1,076,6521 294
4
01, 00
RETURNS OF ACTIVE CORPORATIONS
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, items
Manufacturing: Food and Kindred Products Number of returns ...................... _.. - - - . .. . . Total assets ................. . . . . . .. . ...... ..... .. . . Notes and accounts receivable , net ................ . . ... Inventories .......... . . ................ . ..... .. . . .. Cash, Government obligations, and other current assets ..... Other investments and loariv .................... . .. Depreciable assets ................ . .... - .. ... Less: Accumulated depreciation . .............. . . . Other capital assets less reserves2 .......... . ... . Accounts and notes payable, ................... . . ... Other current liabilities .............. . .... . . .. . . . Mortgages, notes, and bonds payable in one year or ......... re ................................... Net mo worth ............. . . . .. . ... . . . . . . . Cost of property used for investment credit .................. Total receipts ........... . Business receipts .......... ... . .. ... . . . . . . Cost of sales and operations ................. Taxes paid ............ .... .. ..... ... .. . . . Interest paid .. .......... . . . . . . . . . . . Depreciation ............. . . . . .... .. . . . . . . . . Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ................. .. . Net income (less deficit) ..................... . ... Net income . ............ ... .... . .. . . . .. . . Income subject to tax ........................................ Income tax, total .......... .. . . .. . . . . . . . . . Additional tax for tax preferences ... ... . . ... . . . Foreign tax credit ................. . .... ... . . . . ... Investment credit ..... ... ... - . . . . . . . . . Work incentive (WIN) credit ........................ . . .. Distributions to stockholders except in own stock .......... .
Total active corporation returns
Z ero assets
S1 u nder $100,000
0)
(2)
(3)
14,442
259 -
3,824 172,052 20,139 25,746 30,739 -7,159 155,652 82,049
13 ,543, 851 36,331,962 3,582,254 166,927,613 164,051,477 127,366,866 4,128,820 1,783,131 2,851,285 863,371 657,144 7,207,810 7,604,665 7,209,312 3,390,945 1,063 361,161 270,300 275 1,550,198
8,237 567,006 552,318 431,727 8,135 8,684 9,677
45,9113 20,8713 11,37:3 720,359 717,41.1 546,261) 17.939 5,538 13,3713
15,051,926 1,472,928 4,305,908 811,775 4,675,752 3,782,044 915,235 196,638 2 ,582, 253 881,095
-
3 ,260 ,181 7,505,636 394,012
-
75,310,541 14,298,443 16,078,674 7,662,103 11,478,389 38,716,869 17,599,648 1,723,748 14,897,381 6,415,973
1,438 2,489 14,884 23,483 19,321 8,658 -3 538 .1 -2,861
64,501) 20,46:2
-1,078 -1,817 14,93:3 11,390 2,507
$100.000 under $250,000 (4)
Size of total assets $1,000,000 $5,000,000 under under $5,000,000 $10,000.000 (7) (8)
$500,000 under $1,000,000 (6)
$25,000,000 under $50,000,000 (10)
$10,000,000 under $25,000,000 (9)
$50,000,000 under $100,000,000 If 1)
$100,000,000 under $250,000,ODO (12)
$250,000.000 or mote (13)
2,633 443,976 93,624 103,475 58,850 23,044 364,151 225,376 17,927 128,055 25,485
2,282 821,223 168,212 178,120 115,407 38,062 642,784 374,337 26,123 266,298 48,033
1,989 1,417,309 353,238 272,500 198,239 62,119 1,015,577 555,257 41,079 376,271 106,758
2,466 5,430,090 1,301,999 1,156,681 697,738 254,834 3,575,139 1,874,566 171,516 1,536,114 415,639
456 3,140,537 736,785 718,273 375,099 165,662 1,873,247 921,667 109,773 988,831 265,142
266 4,065,419 811,586 970,943 477,168 255,032 2,486,176 1,192,050 119,525 1.132,085 300,546
102 3,508,305 622.507 826,890 340,860 388,552 2,016,150 917,581 133,606 893,655 335,363
64 4,464,143 690,530 1,130,623 430,221 497,416 2,398,928 1,003,097 125,329 915,305 409,549
51 8,146,600 1,407,278 2,105,467 615,748 1,163,775 4,251,822 1,867,823 209,582 1,524,015 667,332
50 43,700,887 8,092,545 8,589,956 4,322,034 8,622,734 19,937,243 8,585,845 765,164 7,072.243 3,821,664
78,720 158,480 25,632 1,567,383 1,557,930 1,204,865 30,020 12,161 25,726 4,384 2,005 29,406 42,249 23,956 5,531 -
112,263 337,144 79,987 3,007,589 2,985,665 2,340,974 48,486 18,904 53,761
189,522 687,485 93,160 5,777,448 5,748,611 4,800,872 76,022 29,464 78,459
6,2ii)
22,1693 1'
591,349 1,866,160 228,618 12,490,295 12,361,523 10,117,400 307,382 100,514 184,471 48,628 37,828 360,982 413,280 388,322 183,239 30 926 15,643 42 34,420
530,357 1,629,928 183,090 13,974,737 8,858,568 7,205,103 242,974 97,087 141,879 36,759 20,380 291,476 334,354 316,684 150.908 12 256 13,103 11 39,670
770,279 2,176,805 212,523 11,116.531 10,955,931 8,626,597 562,223 113,042 173,929 51,778 * 51,540 382,015 443,741 426.688 201,783 85 3,698 13,832 29 79,708 1
8,385,076 21,610,309 1,832,953 73,788,487 71,930.113 52,767,617 2,066,752 993.156 1,469,796
16,382 11,931 165,194 183,413 132,175 49,390 -
425,988 1,349,814 177,979 10,630,984 10,532,551 8,826,982 139,102 78,622 152,061 36,948 25,737 311,083 355,480 334,610 156,548 -6 1,333 11,850
1,633,304 4,027,861 371,107 19,218,687 18,948,746 14,928,196 313,935 194,342 277,464
6,862 8,190 72,174 97,376 78,390 25,186 4,239
781,075 2,467,100 357,595 19,068,107 18,902,107 15,570,273 315,850 131,617 270,684 68,509 44,372 570,004 649,017 577,155 257,065 -4
106,290 101,989 866,289 881,037 842,293 401,504 39 23,245 28,348 27 128,253
484,814 349,605 4,146,120 4,166,302 4,058,328 1,948,626 884 331,085 152,395 64 1,129,301
1,450 1,789
$250,000 under $500,000 (5)
6,294
25,
Manufacturing: Tobacco Manufactures .9 Number of returns .......... : ................ Total assets ...... . . . . . . Notes and accounts receivable, net ......... . . . . Inventories ............... . . .. . .. . ... . . . . .. . obligations, and other current assets ..... Cash, Government Other investments and loans, ...... Depreciable assets .......... .... Less: Accumulated depreciation ......... Other capital assets less reserves' .............. . Accounts and notes payable3 ........... . . . . . . . . . ... . . . Other current liabilities .......... . . . . Mortgages, notes. and bonds payable in one year or ....... I ..... in re ....................................... Net 0 worth ......... .... ........... . . . .. ... . . . . . Cost of property used for investment credit ............ . . . Total receipts ........... . . . . . Business receipts .......... . . Cost of sales and operations ...... Taxes paid . . . . . . .. .. Interest paid ... - - - - - - - - .. ... . .. .. . . . Depreciation ....... . ... ... . .. . . Pension, profit-sharing, stock bonus, and annuity plans Employee benefit programs ........ . . . . . Net income (less deficit) ............. .. . Net income . . . . Income subject to tax .......... . Income tax, total ........ .. . - Additional tax for tax preferences
.. . . ......
. . .. . . .
Foreign tax credit .............. Investment credit .... ...... Work incentive (WIN) credit ............... . I Distributions to stockholders except in own stock ............
-
'51,356 '10,264 ' 21,612 *2,324 1,256 * 32,700 16,144
21,669 808 34 , 14 355,097 1 ,
"Description of the Sample and Limitations of the Data." Footnotes at end of table. See t-t for "Explanation of Terms" and
' 26,343 ' 16,731 '603
'16,696 '2,373 '10,764 '1 9,344 1,964 142,304 ' 141,340 119,852
14,417,945 14,058,126 9,029,025 1,020,508 400,390 290,239 122,162 103,602 1 ,402 ,553 1 ,407 ,444 1,369,716 656,947
' 3,909 ' 18,087 19,971
~ 2,212 - 2,544
1
-5,811 '26,916 133,335 129,003 112,707 - 7,374 1,602
1,052 -1,052 ' 1.671
-108 ,
:28 45 -3
4 112,049 13,561 38,545 6,630 8,858 82,218 41,883 2,362 25,193 4,561
3 429,964 57,502 187,942 15,665 8,141 174,187 70,086 11,105 130,071 31,700
6 14,401,884 1,387,692 4,039,722 767,185 4,653,438 3,466,596 768,391 181,684 2,390,106 840,125
9,041 71,551 9.920 123,729 101,329 66,147 7,748 4,300 3,517 2,030 1 ,049 3,225 3,665 3,665 1,774
90,577 170.087 10,926 986,620 980,515, 773,876 22,590 13,697 10,404 5,962 3, 769 34,021 36,173 36,157 17,413
3,143,988 7,217,738 370,671 13,028,768 12,704,185 7,954,949 976,573 377,683 272,172 113,674 98, 569 1,362,882 1,362,882 1,325,194 635,705
5 321 2,176
757 12,609
5 33,505 1 339,841
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total coactive rporation
Zero
returns
assets
(1)
(2)
$1 under $100 , 000
$250,000
S500,000
si,ooo,ooo
unde 250,000
under 500,000
under $1,000,000
under S5,000,000
(6)
(7)
(4)
(3)
Size of total assets $5,000,000
$100,000
(5)
under $10,000,000 (8)
S10,000,000
S25,000,000
$50,000,000
S100,000,000
under S25,000,000
under $50,000,000
under $100,000,000
under S250,000.000
(9)
(10)
(11)
(12)
$250, 000,000 or more (13)
Manufacturing: Textile Mill Products 5,390
11
1,687
1,074
688
628
852
239
108
45
29
15
14
Total assets ...................... ......... ............. Notes and accounts receivable, net .......................... Inventories ................ ___ ......... ...... ............. Cash, Government obligations, and other current assets ..... Other investments and loans, .................. ............. Depreciable assets .................................. ........ Less: Accumulated depreciation ............................
19,138,761 4,909,249 5,043,240 1,491,040 1,397,831 12,479,209 6,897,161
-
59,478 17,831 14,152 13,210 43569 31:254
184,732 49,128 45,000 34,981 6,251 131561 84~10
254,914 63,401 43,196 38,281 16,765 166937 81:422
454,735 132,521 117,665 59,818 15,637 262600 147:392
1,966,101 485,641 548,554 208,677 91,405 1,222378 656:094
1,705,866 433,159 512,863 134,364 101,859 969,615 508,669
1,650,974 392,046 475,432 112,794 84,312 1,112,094 578,879
1,541,136 344,140 457,522 128,728 91,798 896,847 421,491
1,931,278 476,753 517,252 146,478 133,830 1,210,743 635,857
2,068,670 439,694 510,442 152,850 261,774 1,323,469 681,469
7,320,877 2,074,935 1,801,162 460,859 593,570 5,139,396 3,070,533
Other capital assets less reserves' . .......................... Accounts and notes payable' ................................ Other current liabilities ... ................................... Mortgages, notes, and bonds payable in one year or more ..... ...................................... I ... ... .... Net worth ............. - .................................... Cost of property used for investment credit ..................
193,683 4,518,558 1,214,054
-
25,318 7,814
71,409 11,893
-1,796 89,335 29,892
5,155 178,604 47,056
28,211 625,700 131,924
18,514 515,799 88,769
23,668 415,314 104,612
16,251 328,084 97,870
32,253 340,685 164,596
24,826 282,568 132,724
41,664 1,645,742 396,904
3,169,325 9,456,002 819,506
-
8,504
1 5,954 77,396 11,036
33,649 84,535 24,931
59,431 150,398 20,916
259,215 905,184 98,091
236,154 803,424 62,758
262,677 822,358 73,506
260,866 818,827 76,239
491,463 864,251 64,264
424,445 1,155.062 82,152
1,122,357 3.766,063 295,052
Total receipts ......................... ...................... Business receipts ........ .................................... Cost of sales and operations ....................... ........ Taxes paid ................................................... Interest paid .................. - ............................. Depreciation .......................... .......................
30,101,387 29,632,023 23,297,549 666,908 498,433 875,400
95,351 93,472 75,973 2,398 2,562 2,283
238,261 235,925 178,459 12,743 -1,628 3,606
622,327 615,010 495,583 13,919 4,571 12,242
553,435 549,332 407,727 13,565 6,629 15,836
1,307,982 1,297,596 985,762 27,616 14,353 21,013
3,914,504 3,866,481 3,066,532 84,770 54,382 86,403
3,343,399 3,316,984 2,722,597 60,253 55,355 66,302
2,964,462 2,925,524 2,363,875 57,910 45,442 75,995
2,510,421 2,466,661 1,936,586 52,962 45,113 72,561
2,865,684 2,796,784 2,199,839 64,188 63,992 80,266
2,733,244 2,689,674 2,052,424 62,411 45,076 94,768
8,952,317 8,778,580 6,812,192 214,173 159,330 344,125
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ........ ....................................... Income subject to tax ................... ... I. I ............... Income tax, total ......... ............................. - .. Additional tax for tax preferences ..........................
159,066 104,887 592,602 1,017,321 939,986 430,343 137
78
-11,363
9,878 18,370 16,396 3,900 -
'2,723 1,763 -2,376 16,971 14,738 4,440 -
6,010 5,406 31,400 47,431 40,255 15,539 -
17,408 13,833 92,031 170,070 149,367 66,280 -
12,757 11,825 43,579 106,917 97,550 45,277 -
12,185 10,247 58,248 122,114 110,899 52,552 -
12,095 10,657 69,677 97,931 94,019 44,654 -
15,788 13,879 54,364 102,091 97,184 45,339 129
24,681 13,616 73,339 96,886 92,277 43,053 8
54,420 22,097 173,747 227,857 218,308 105,867 -
Foreign tax credit ........................................ Investment credit ................................ Work incentive (WIN) credit ............ ..................... Distributions to stockholders except in own stock ............
9,326 51,017 90 212,299
966 -
893 -
1,357
5,412
3,468
14,827 1
10,378
1,117 3,762 9 12,796
766 3,968 9 11,615
1,917 3,273 1 15,686
1,115 5,652 26,6361
3,748 21,806 19 114,848
Number of returns ..........
........... ..............
102
N
'1
Manufacturing: Apparel and Other Textile Products 15,944
310
6,860
3,704
1,714
1,428
1,575
193
105
29
14
5
7
Total assets ........ ..................... . . . . Notes and accounts receivable, net .......................... Inventories ............................. ...... .... . Cash, Government obligations, and other current assets ..... Other investments and loans- ................................ Depreciable assets ........................ . . . - .. Less: Accumulated depreciation ............................
13,772,322 4,110,820 4,665,044 1,597,285 1,225,795 3,468,735 1,728,405
-
279,754 72,983 35,570 63,916 7,544 177,674 90,578
597,994 201,413 149,013 112,990 40,903 222,763 141,182
620,998 245,389 178,376 103,720 18,373 142,617 84,572
1,032,115 388,557 365,107 121,972 32,580 233,007 127,492
3,194,820 1,122,357 1,158,326 419,721 98,634 678,338 345,370
1,344,530 369,681 551,212 142,723 108,369 254,384 124,838
1,547,818 437,339 578,300 174,195 98,643 367,162 163,099
1,015,378 245,152 393,818 81,738 81,972 296,495 137,493
1,007,920 304,115 344,835 95,583 63,943 277,764 120,321
734,141 218,942 237,932 56,972 85,840 202,103 93,947
2,396,854 504,892 672,555 223,755 588,994 616,428 299,513
Other capital assets less reserves' ........................... Accounts and notes payable, ................................ Other current liabilities .......................... . Mortgages, notes, and bonds payable in one year or .......... ... I ................. more ..... ......... Net worth ............................. . . . . . . .. . . Cost of property used for investment credit ..................
141,409 4,107,206 1.266,288
-
4,002 89,088 60,745
714 200,629 63,342
1,892 244,189 63,920
4,544 412,151 127,447
22,561 1,280,562 315,531
12,095 430,716 105,094
23,833 392,454 143,446
17,472 205,075 79,574
22,026 259,762 62,927
9,041 137,914 66,763
23,229 454,666 177,499
1,638,332 6,159,130 258,067
5,711
44,700 52,953 18,876
58,114 219,047 16,847
35,327 248,379 12,497
56,631 391,783 20,719
229,144 1,283,431 54,123
106,178 665,693 19,792
192,107 780,724 26.356
190,065 496,575 19,663
233,501 415,538 14,350
183,514 320,923 19,089
309,051 1,284,084 30,044
Total receipts ............. . .. . . .. . .. . . . .. . Business receipts .............. . .. .. . . . . . .. Cost of sales and operations .......................... ..... Taxes paid - .............. .. . . ... Interest paid .... ............. - ...... Depreciation ....................... .... . .. . .
31,809,300 31,402,423 23,777,657 737,577 355,603 286,172
624,282 618,460 475,355 14,849 7,849 6,441
1,726,760 1,720,623 1,294,500 75,191 7,876 16,115
1,899,790 1,884,918 1,423,219 67,306 11,792 20,150
1,973,610 1,965,463 1,484,542 52,694 16,914 11,875
3,362,490 3,334,936 2,554,094 77,258 25,101 20,518
8,505,417 8,442,203 6,534,533 162,386 79,899 55,596
2,862,438 2,838,194 2,218,002 49,143 27,716 19,527
3,021,895 2,992,704 2,230,324 63,335 37,407 30,543
1,669,363 1,653,611 1,248,579 34,319 23,212 19,205
1,577,518 1,532,199 1,143,010 35,483 36,525 23,817
1,240,697 1,195,406 851,174 30,497 21,138 17,874
3,345,040 3,223,706 2.320,325 75,116 60,174 44,511
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ..................... . .. . . . Net income (less deficit) ..................................... Net income ..................... .. .. - - .. .. .. . . Income subject to tax ....... . .. .... ... ........ .... ........ Income tax, total ....... . . - - .. . . . . .. . .. Additional tax for tax preferences ..........................
166,660 118,091 1,060,883 1,259,062 1,096,223 484,281 -
4,304 1,444 34,383 36,166 34,638 16,510 -
8,199 1,164 25,515 10,319 1,896 -
9,344 7,200 6,853 49,839 32,281 7,148 -
15,832 5,384 31,690 45,349 33,999 9,616 -
22,199 16,712 66,286 83,666 62,052 22,190 -
47,594 32,009 293,351 332,581 278,080 120,655 -
12,802 7,460 134,257 145,755 135,566 63,420 -
14,327 7,852 176,250 198,362 186,240 88,406 -
8,266 7,133 77,754 79,434 78,457 37,443 -
5,890 3,568 42,663 43,711 37,023 17,475 -
3,642 4,881 40,618 40,618 32,741 15,599 -
20,679 16,249 155,614 178,066 174,827 83,923 -
1,231
4,111
1,423
347 1,222
253 1,272
4,399 2,244 1 30,777
Number of returns ......................... .
8,257 Foreign tax credit ............... 17,933 427 641 Investment credit ........................ ... 122 Work incentive (WIN) credit ...... ................... . .. . 134,4641 Distributions to stockholders except in own stock ............ 1 Footnotes at end of table, See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
719 '53 '9.525
(1)
784 ,
6,247
28,1711
10,657 1
292 2,079 16 12,4521
105 1,780 7 5,516
(4)
(1) 9,353
6,258 1
RETURNS OF ACTIVE CORPORATIONS
full 0
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollarsl $250,000
$500,000
Size of total assets $1,000.000 S5,000,000
$10,000,000
$25,000,000
$50,000,000
$100,000.000
under $250,000
under $500,000
under $1,000,000
under $5,000,000
under $10,000,000
under $25,000,000
under $50,000,000
under S100,000,000
under $250,000.000
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total Major industry, item
active corpora tion returns
Z e ro assets
$1 under $100 ,000
(1)
(2)
(3)
$100,000
1)
$250,000.000 or more
(12)
(13)
Manufacturing: Lumber and Wood Products Number of returns .......... .................................
13,051
150
3,141
2,336
1,141
1,034
145
94
21
14
3
13
Total assets ................... ......................... Notes and accounts receivable, net .......................... Inventories ................ ............................. __ Cash. Government obligations, and other current assets ..... Other investments and loans' ................................ Depreciable assets ......................... . ...... . . . Less: Accumulated depreciation ............................
24,557,729 3,317,979 3,942,899 1,976,020 3,338,287 15.086,656 6,414,826
-
210,363 44,801 27,757 37,693 10,737 142,878 66,470
498,016 110,201 82,850 83,110 17,218 342,198 169,004
822,610 177,425 184,205 106,589 33,935 551,839 288,860
811,247 173,603 188,286 115,821 40,884 521,725 293,939
2,012,705 375,323 564,712 246,401 98,769 1,227,077 1650,807
999,916 168,642 291,454 124,818 81,563 446,508 223,020
1,409,008 194,078 291,516 170,884 100,337 613,664 281,172
736,471 58,405 105,560 96,846 66,970 347,621 161,932
1,030,458 133,649 197,549 102,421 104,742 693,785 345,227
502,447 145,329 61,044 19,991 75,810 199.004 90.592
15,524,488 1,736,523 1,947,966 871,446 2,707,322 10,000,357 3,843,803
Other capital assets less reserves~ ........................... Accounts and notes payable, ................. - ............ Other current liabilities ............... : ................. . .. Mortgages, notes, and bonds payable in one year or m re ................. ..................................... Net oworth ................... Cost of property used for investment credit ............. ....
2,597,419 4,252,708 1,629,187
-
2,479 77,821 18,223
18,938 104,812 28,720
41,246 252,893 48,608
44,542 223,369 70,777
101,964 553,321 130,076
89,408 219,698 77,431
239,802 330,427 81,296
201,791 150,038 44,681
86,112 155,252 73,494
43,412 121,447 28,481
1,727,725 2,063,630 1,027.400
5 ,982,863 10,969,057 1,599,926
-
25 ,786 53,670 22,424
92 ,537 243,203 48,989
124,627 333,982 53,002
158,015 286,575 41,444
335,336 889,949 117,435
193,725 440,243 39,707
295,753 607,110 58,963
170,933 324,265 25,413
216,961 520,961 40,727
169,770 163,637 14,570
4,199,420 7,105,462 1,136,451
Total receipts .................. . ..... . . . Business receipts ......... ................. ... Cost of sales and operations ................... Taxes paid .......................... . . .. . . Interest paid .............................. . . . Depreciation ........................... . . .. .
. .... . . . ...... . . . ............ . .... . . . .. . . . .. . . . .... -
29,567,666 27,754,136 21,032,968 736,928 709,091 1,170,506
53,850 50,090 41,445 -1,889 1,261 -1,542
706,483 700,967 474,822 21,192 5,789 18,488
1,157,476 1,136,810 803,530 32,857 13,408 42,574
1,753,995 1,733,332 1,262,128 49,248 23,553 56,120
1,808,704 1,780,273 1,372,551 40,641 24,373 46,828
3,924,822 3,839,981 3,050,923 96,784 60,664 111,656
1,463,691 1,400,647 1,157,045 30,328 26,530 37,388
2,073,032 1,989,419 1,641,600 44,387 37,025 55,353
791,813 726,268 595,448 21,873 18,207 22,976
1,655,141 1,576,160 1,303,150 31,221 27,494 54,660
447,124 417,191 293,867 8,473 19,553 16,404
13,731,535 12,402.998 9,036,459 358,035 451,234 706.517
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ....................... ... ... .. Net income (less deficit) .................................... Net income .................... ... .. . . . Income subject to tax ........................................ Income tax, total ..................... . . . .... . . . . . Additional tax for tax preferences .................. . .... .
152,836 101,910 719,637 1,104,539 980,454 366,889 3,500
*91
-1,968 4,688 16,239 50,758 32,805 7,456 -
4,159 3,631 29,989 70,520 37,261 10,030 -
7,716 4,042 32,921 62,336 47,100 15,494
17,174 13,682 85,574 155,414 129,391 54,252
7,652 4,344 32,958 64,017 59,646 25,861 -7
7,719 6,922 12.028 72,673 69,398 31,133 1
5,826 2,738 27,498 40,106 39,947 16,262 14
9,328 4,830 3,627 58,127 56,985 25,130 3
2,697 1,972 10,525 19,590 111,527 7,300 -
88,447 53.808 460.724 478.299 473,637 170,407 3.322
Foreign tax credit ........... . ... - .. - .. ... Investment credit ................. .. ... ..... . ...... . Work incentive (WIN) credit ............ ................... . Distributions to stockholders except in own stock ............
9,833 78,946 82 345,549
-
-
850 -
1,737 -
1,243 -
7,655
14,533
1,828 7,169
-5 1,951 -3 8,071
54 2,129 26 5,805
37 2,136 1 13,468
11 2,387 4,511
9,585 58.887 21 256,967
948
'23 -
4,959
6,606 31,486 15,681 3.541 -
4,572 '28 21,674 1
61 1,215 3 5,6961
Manufacturing: Furniture and Fixtures 3,880
1,435
927
556
541
98
50
21
10
4
-
Total assets ..... ...... .. . ...... ........ . . - ... Notes and accounts receivable, net . ~ .............. . .. .. Inventones .................... ....... . - - .. - ... Cash , Government obligations, and other current assets ..... Other investments and loans, ......... ... . .. ........ . . Depreciable assets ........... ...... Less: Accumulated depreciation .............. . .. . .
5,665,636 1,426,289 1,650,164 531,685 424,982 2,583,700 1,216,422
-
153,180 33,324 41,637 13,838 13,456 86,190 44,544
234,106 58,973 76,025 26,937 8,834 98,745 44,926
326,906 82,258 109,322 31,689 5,890 143,585 63,685
389,714 110,969 130,965 35,603 29,379 143,170 72,782
1,121,208 295,470 359,466 118,077 77,181 463,288 237,151
668,332 179,916 225,243 65,196 29,039 306,521 155,981
725,096 165,824 214,430 63,579 55,215 350,675 163,408
729,892 165,710 194,663 59,577 59,628 391,389 160,644
667,764 166,508 159,848 72,615 46,443 282,993 134,544
649,438 167,337 138,565 44,574 99,917 317,144 138,757
-
Other capital assets less reserves' ...... . . ... .. . . . . Accounts and notes payable, ................ . .. . . ..... Other current liabilities .............. : .... .. . Mortgages. notes, and bonds payable in one year or more ....................................................... Net worth .................. . ... ... . . . . . . . Cost of property used for investment credit ..................
115,104 1,250,155 422,358
-
* 1,097 64,023 15,084
7,900 79,671 17,974
8,709 131,537 25,596
7,933 157,450 31,341
22,467 319,544 93,429
10,476 156,040 46,779
20,983 101,905 50,336
11,192 101,968 42,376
9,014 69.390 55,195
15,333 68,627 44,248
-
993 ,836 2,729,513 175,420
-
29,026 2,441 13,710
47,280 62,917 6,071
77,837 64,830 16,094
92,023 91,857 13,304
156,477 518,354 32,524
86,895 367,766 18,875
106,270 448,292 20,696
173,049 354,861 23,674
107,910 415,258 15.983
117,069 402,937 14,366
-
548,336 543,616 345,413 16,294 6,701 11,588
584,591 578,747 418,352 19,424 6,934 9,801
750,677 747,706 545,688 20,617 11,377 12,135
1,026,389 1,008,887 765.559 24,950 19,330 12,195
2,483,227 2,452,753 1,834,671 60,220 28,382 32,319
1,300,942 1,287,772 973,292 31,486 15,167 21,229
1,224,979 1,198,011 875,977 31,418 14,843 26,725
1,029,357 1,009,866 723,803 26,715 14,576 28,969
B52,372 840,286 557,408 25,869 13,815 21,359
825.581 809,740 535,220 27,257 12,402 20,425
-
3,244 2,634 15,082 '5,656 1,000 -
-4,682 -13,838 14,062 9,773 2,241 -
2,521 5,743 23,941 19,113 4,678 -
3,963 4,556 3,880 22,861 17,052 5,167 -
15,429 12,542 77,604 103,169 94,772 40,791 -
6,534 7,418 61,266 69,075 65,162 30,411
7,613 7,387 59,470 64,933 60,723 28,456 -
8,826 4,997 38,194 57,278 55,226 26,297 -
11,061 12,638 41,016 51,434 48,879 23,346 -
10,392 5,247 68,317 68,317 67,307 32,269 -
128 1,189
1,209 1,306
Number of returns .. . .... ....
.. ... ..
. .... . ...
Total receipts ......... .. .... . . .. . . .... . . Business receipts ..... . . . . . . . ..... .. Cost of sales and operations .............. . . . .. Taxes paid ............. .. .... . Interest paid .... ........ ..... . . . . Depreciation .......... . . Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs . - - - - - - - - - - - - - .. . . . Net income (less deficit) ........... . .. . . .. Net income .. ................. .... . Income subject to tax ......... .............................. Income tax, total ........... .... Additional tax for tax preferences ....... ... . .. - - Foreign tax credit ..... .. .. . . .... Investment credit ...... ........ . ..... . . .. . . .. . . . . Work incentive (WIN) credit ......... .... Distributions to stockholders except in own stock .......... . .
7,614
10,669,939 10,520,005 7,605,290 285,270 144,719 196,869 73,300 65,246 347,077 492,980 446,391 195,717 .1
'29,907 -1,020 '124 *279 '14
1,061 -
2,603 11,041 41 56,674 1
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
811 ~ '745
141 -2,414
2,185 ' f2 6,468 1
1,188 ' 142 1 3,95
67 1,556 7 7,522
819 1,116 1 7,418 ,
11,066
17,0226 1
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Size of total assets $1,000,000 $5,000,000
$10,000.000
$25,000,000
S50,000,000
unde $1,000,0100
under $5,000,000
under $25,000,000
under S50,000,000
under $ 100,000,000
under S250.000,000
(6)
(7)
(9)
(10)
(11)
(12)
Total Major industry, item
active corpora ti on returns
Zero assets
(1)
(2)
Sl u nder $100,000 _ P)
$100,000
$250,000
$500,000
unde $250,0'00
under $500,000
(4)
(5)
under $10,000,000
1
S100,000,000
$250,000,000 or more (13)
Manufacturing: Paper and Allied Products 3,565
1,008
606
578
732
91
50
32
15
20
23
Total assets ............................. ........ . . ... Notes and accounts receivable, net .......................... Inventories ............... ........................ .... . . Cash. Government obligations, and other current assets ..... Other investments and loans, ............. ..... ... .... .. Depreciable assets .... ........ .... .. . ..... .. . . ... Less: Accumulated depreciation ............................
27,907,971 3,649,977 4,105,330 2,058,977 3,477,111 20,983,960 9,342,121
44,452
232,491 63,973 59,217 23,507 11,473 140,249 74,824
394,987 97,499 94,076 52,177 29,755 244,527 Q6,321
1,565,383 372,243 378,162 189,024 B3,883 996,262 525,070
649,913 122,892 150,992 72,014 54,2" 419,042 194,739
816,676 142,089 164,447 89,144 94,453 571,807 278,436
1,154,384 173,681 194,855 89,491 136,193 961,382 465,142
1,120,005 129,890 149,290 173,005 51,518 975,801 448,108
3.156,728 465,442 438,298 241,196 345,598 2,746,216 1,326,601
18,711,607 2,045,531 2,459,495 1,115,361 2,678,591 13,860,712 5,858,347
Other capital assets less reserves~ ............... ........... Accounts and notes payable, ......... ...... . . .. ... .... Other current liabilities ....................................... Mortgages, notes, and bonds pa yable in on y ear or . .... I .... .. . I ... .. . . ..... . . . . ,a . . Net r"ore worth ................................. ..... ... . .... ... ... . .. . ..... ............ Cost of property used for investment credit
2,428,957 3.506,201 1,728,298
55,541 21,795
7,408 124,434 23,585
35,101 385,342 106,925
11,556 107,935 36,959
16,173 115,118 60,931
32,618 152,610 58,764
58,915 95,977 59,072
204,560 325.063 154,694
2,056,140 Z063,570 1,196,579
6 ,538, 944 14,676,445 2,197,538
29, 240 112,693 15,182
46,044 183,660 19,987
240,271 782,944 96,727
171,434 307,156 29,433
165,525 419, 1 36,527
238,892 620,205 87,953
207,264 692,895 123,882
707,529 1,771,368 264,993
4,719.287 9,791,0110 1,507,207
Total receipts ............................. ..... . .... - Business receipts ....... ............. ......... ... . . ... Cost of sales and operations ..................... ........ . Taxes paid ..................... ; ........................ I .... Interest paid .......... ............... . ..... - - Depreciation .............................. .. . ... . ..... .
34,856,602 33,652,795 23,100,978 897,400 587,811 1,378,113
617,353 611,222 405,214 19,144 5,869 14,618
927,284 919,484 667,439 23,164 6,905 19,452
3,248,528 3,208,036 2,342,679 79,176 35,264 72,964
1,155,806 1,141,937 850,501 26,140 14,891 26,742
1,379,778 1,361,451 1,020,605 30,296 17,966 40,006
1,640,412 1,612,513 1,198,D36 36,252 25,991 58,277
1,319,813 1,283,692 815,699 35,978 15,871 58,296
3,604,238 3,473,784 2,318,732 97,225 75,386 U0,360
20,535,709 19,615,115 13,151,509 540,793 387,567 905,841
Pension, profit-sharing, stock bonus, and annuity plans ..... Employee benefit programs ..... ...... . ... .. . ... Net income (less deficit) ................ .... - - ... Net income ........................... .... ... Income subject to tax .... .. . .... ......... . .. . . . . Income tax, total ..... ......... . .. ..... .... - .. - ... Additional tax for tax preferences ..... ...... ... ....
376,463 255,710 2,292,594 2,396,817 2,332,866 1,024,046 1,656
7,207 3,347 21,811 22,986 17,204 4,150 -
4,868 3,566 32,842 39,491 35,614 12,776 -
23,781 20,766 145,181 166,423 154,263 68,391 -
7,165 2,711 68,923 76,536 67,351 31,4 4 -
9,678 7,230 51,194 75,827 74,122 35,001 -
10,779 11,573 55,585 68,085 64,311 30,265 4
12,808 12,355 171,053 177,350 176,767 8 4 -
36,866 22,448 297,810 297,810 296,278 133,764 -
261,946 171.208 1,442,204 1,458,753 1,437,666 622,830 1,652
Foreign tax credit .............. .... .. ... Investment credit ........ .... . . ...... .. .... . .... ..... Work incentive (WIN) credit ...................... .. ... ... Distributions to stockholders except in own stock . . ~ ...... ..
110,891 159,233 68 708,873
718 -3,850
1,206 5,011
6,478
113 2,742 14 6,755
197 5,293 18 8,072
4.570 4,004 1 33,662
2,847 20,168 55,709
103,027 115,422 24 574,622,
Number of returns ............... ...... .. ... .... ... .
-4,506 '4,764 (1) * 28,168 12,839
18,678 11,992 -1,403
'1,337 31,141
'2,711 136,920 136,598 *122,436
-1,257 -9,447
'-3,443
132,049 '131,610 '90,7D6 3,647
'158,712 *157,353 '117,422
'431 -4,045
'4,427
1,645 -4,210
13,930
2,476 7,246 ,
Manufacturing: Printing and Publishing .... . .. . . . .. . . .
31,431
1,374
17,658
5,896
2,554
1,847
1,638
183
136
61
43
26
15
............................ Total assets ........... ... Notes and accounts receivable, net ........... . . Inventories . ... .......... .... . .. .. ... Cash, Government obligations, and other current assets ..... Other investments and loans' ......... .. ..... - - - .... Depreciable assets .. ....... ..... . ....... .. . . . . . . Less: Accumulated deprecialton .............. Other capital assets less reserveS2 .... ... _ ... .. .._ ... _ ... __ ... _ ...... Accounts and notes payable3 Other current liabilities ................... . . .. . . . .. . and bonds payable in one year or Mortgages, notes, ................... .............. I .... Net more worth ... .......... .. ...... .. ... ... - - - cost of property used for investment credit ..... .......... .
27,313,008 5,782,737 3,187,053 4,088,370 3,438,346 13,984,810 6,708,298
-
573,183 157,261 63,688 88,181 19,346 433,818 238,763
954,446 295,452 95,341 157,502 36,547 666,80B 362,159
872,345 226,896 114,388 141,241 56,067 530,228 272,605
1,307,109 336,949 146,207 246,032 86,565 843,169 455,524
3,236,102 752,053 496,632 535,228 300,283 1,887,617 984,780
1,278,596 285,550 184,496 194,689 120,482 694,321 343,210
2,090,885 453,086 270,392 321,429 245,435 1,069,513 505,607
2,195,117 415,471 248,181 305,507 281,925 1,221,750 600,914
3.137,354 518,668 333,258 412,573 542,010 1,434,573 667,218
4.303,479 877,733 500,959 660,641 609,953 2,016,362 908,462
7.364,392 1,463,618 733,511 1,025,347 1,139,733 3,186,651 1.369,056
1,298,456 4,169,861 2,777,264
-
12,318 190,492 49,491
16,917 267,595 76,374
28,964 200,843 69,036
35,765 319,190 134,089
93,088 674,850 319,179
57,833 20B.561 109,506
77,195 328,560 159,229
110,466 254,937 171,915
224,148 292,362 297,254
195,775 394,437 595,096
445,987 1,038,034 796,093
4,019,861 14,110,054 1,161,552
-
123,079 97,523 48,163
186,771 350,058 70,512
150,340 370,733 64,726
193,319 603,182 68,260
494,917 1,530,311 162,730
188,326 673,889 50,628
306,499 1,076,966 100,923
357,490 1,261,038 86,363
483,181 1,855,167 109,786
449,528 2,521,699 183,928
1,086,411 3,769,488 213,985
-- Total receipts ............... . .... Business receipts ................. . . . . . .. . . Cost of sales and operations .............. . . . . Taxes paid .............. .. Interest paid ....... . Depreciation ....... . .. .
.. - .. ... I ... . . .
39,965,974 38,644,311 24,716,972 1,184,976 523,958 1,089,239
219,607 210,057 145,301 5,476 2,628 3,221
1,737,359 1,718,512 1,065,406 51,398 16,937 44,213
2,309,631 2,286,564 1,474,071 70,826 21,569 59,531
1,754,598 1,729,301 1,102,937 52,476 19,460 43,509
2,560,472 2,516,416 1,641,243 78,049 28,340 68,396
6,036,269 5.924,183 3,953,173 162,306 69,452 146,399
1,943,167 1,887,236 1,285,824 54,616 23,612 54,580
3,104,105 3,015,406 2,025,167 79,934 36,541 77,381
3,168,294 3,060,778 1,955,621 93,162 42,807 90,649
3,558,346 3,464,566 2,166,355 117,855 51,397 116,556
5,550,007 5,320,025 3,000,477 164,630 66,210 148,855
8,024,119 7,511,267 4,901,397 254,248 145,005 235,949
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............. .... . Net income (less deficit) . ...................... Net income .. ~ .......... . ...... Income subject to tax ...... . ......... Income tax , total ... Additional tax for tax preferences ............ .. . .
432,029 286,152 2,623,706 2,949,870 2,728,582 1,230,340 214
-1,031 7,691 '2,899
6,713 10,657 -27,191 52,035 27,159 6,008 -
11,067 13,138 45,718 89,874 63,414 14,228 -
16,039 11,004 63,408 95,086 68,444 20,087 -
24,532 14,105 107,911 133,945 108,753 40,345 -
53,378 43,649 274,770 336,543 304,291 132,965 -
15,898 8,722 136,269 148,459 136,516 62,862 ~8
32,618 19,017 178,046 202,802 190,041 89,989 -
36,361 19,273 223,264 231,250 216,237 102,552 -
43,243 31,076 335,952 338,429 322,768 154,627 -
68,137 39,598 546,063 546,063 533.084 253,064 206
123,775 75,460 740,527 767,693 754,976 352,827 -
1,672 -
2,753 635 -
16,706 14,393 11 119.413
17,750 18,406 12 208,627
Number of returns ......... ........
....... Foreign tax credit ... ....... .. . Investment credit ............ . .. . Work incentive (WIN) credit ........... . Distributions to stockholders except in own stock ...
391: '20 121 8 80 597,690
-
(1) ~7 -
~3,356 (4) 8,684
5,048 13 30,096_
__
286 10,178 36 38,307 1
'144 3,901 -3 46,349 1
126 7,939 1 33,628 1
1,761 5,679 2 44:960
2,576 8,448 2 59,841 1
of the Data." Footnotes at end of table, See text for "Explanation of Terms" and "Description of the Sample and Limitations ut _L
RETURNS OF ACTIVE CORPORATIONS
CA
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
Size of total assets
oactive rporation returns
Zero assets
$1 under $100,000
$100,000 under $250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under S10,000,000
S10,000,000 under $25,000,000
S25,000,000 under S50,000,000
S50,000,000 under $100,000.000
$100.000 000 uncei $250,000,000
S250 ,000 ,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Manufacturing: Chemicals and Allied Products Number of returns ......................... ... ..............
9,695
323
3,737
1,913
1,109
994
1,119
187
125
57
32
32
67
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ... ..................... ......................... Cash, Government obligations, and other current assets . .... Other investments and loans' ............. .................. Depreciable assets ........................................... Less: Accumulated depreciation ............................
83,479,628 15,405,604 14,887,114 5,564,445 13,412,067 56,112,821 26,706,983
-
118,242 29,E52 36,900 14,749 52,236 27,411
328,814 72,076 68,382 61,445 16,945 167,204 79,431
406,507 125,671 119,316 39,115 13,240 202,762 115,073
695,976 198,891 180,498 70,332 37.162 340,949 172,242
2,220,112 560,188 561,023 276,640 122,266 1,059,179 478,072
1,283,955 250,553 335,596 167,217 99,502 656,189 297,385
1,939,224 415,899 475,068 225,256 170,244 1,073,095 523,132
1,976,602 382,537 407,952 193,111 226,130 1,119,455 458,329
2,371,308 464,515 479,804 162,251 339,604 1,304,649 541,432
5,301,869 859,339 937,852 485,495 736,986 2,980,294 1,170,466
66,837,019 12,046,083 11,284,723 3,868,834 11,645,217 47,156,809 22,844,010
Other capital assets less reserves' ........................... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or m re ........... .......................................... Net worth .................................................... Cost of property used for investment credit ..................
2,202,373 11,168,140 7,043,703
-
40,337 9,796
8,999 80,546 18,334
15,394 121,342 24,020
24,108 201,429 46,144
69,706 627,767 160,599
32,647 305,753 113,186
50,982 403,037 166,879
52,062 345,187 140,210
78,091 343,323 168,387
191,303 628,460 417,789
1,678,667 8,070,959 5,778,359
18,296,912 42,783,450 5,813,210
10,181
-6,401 26,545 8,208
59,591 125,389 19,712
51,519 194,430 17,004
116,819 302,674 31,558
294,145 1,047,521 107,514
162,186 654,888 56,217
290,027 998,766 89,590
307,492 1,116,983 103,926
483,355 1,240,894 117,131
1,186.748 2,877,900 395,256
15,338,629 34,197,460 4,856,913
Total receipts ...................................... ......... Business receipts ......................... ................... Cost of sales and operations ............ ............... Taxes paid ................................................... Interest paid .................................................. Depreciation ..................................................
102,155,675 98,224,782 64,056,115 2,131,675 1,721,784 3,777,231
263,861 257,455 177.556 4,349 9,081 9,732
398,215 395,794 273,462 9,006 2,710 7,613
623,626 618,475 444,352 12,723 6,602 11,174
914,103 903,060 650,790 18,318 9,360 12,649
1,460,814 1,445,106 1,025,940 29,540 17,293 29,587
4,565,580 4,496,908 3,205,368 88,324 47,616 90,937
2,418,011 2,377,977 1,709,689 44,110 23,298 54,297
3,046,685 2,970,981 1,989,709 60,575 38,130 71,317
2,754,425 2,687,699 1,692,920 53,138 34,155 78.119
3,114,797 3.041,031 2,092,250 55,694 46,904 86,053
5,985,184 5,710,994 3,662,190 138,573 107,168 239,717
76,610,374 73,319,302 47,131,889 1,617,325 1,379,467 3,086,036
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee. benefit programs ......... ........................ Net income (less deficit) ..................................... Net income ... ............................................ Income subject to tax .................................. I I .... Income tax, total ............................................. Additional tax for tax preferences ........................ *..
1,330,119 593,018 8,149,472 8,521,503 8,265,022 3,900,973 930
3,727
-7,150 -8,985 13,220
'1,358 10,831 26,398 21,533 5,225 -
5,658 3,650 .32,423 37,883 36,866 11,234 -
8,842 4,854 59,534 75,998 60,014 22,255 -
27,681 13,273 242,802 292,096 258,993 114,627 -
16,587 9,250 147,271 160,008 147,482 68,848 -
20,407 12,645 207,473 279,801 267,666 125,081 157
19,177 12,589 242,054 262,080 256,403 121,790 20
21,059 9,256 191,883 223,937 222,103 105,540 142
57,291 20,767 577,895 604,813 596,305 285,519 -
1,140,213 502,750 6,443,175 6,533,037 6,380.937 3,033,985 611
Foreign tax credit ........................ ................. Investment credit ............................................. Work incentive (WIN) credit ... ............. ................ Distributions to stockholders except in own stock ............
640,162 417,402 133 2,705,381
3,116 12,232 11,764 5,515 .8 1,325
-5,8132
1,486 -1,191
2,277 4,556
752 4,488 .1
5,638 6,866
13,142
43,854
9,133 7,155 1 50,542
6,492 6,549 4 42,423
39,237 31,062 12 133,476
578,483 349,480 55 2.376,570
1,354 -
754 -
419 6,808 60 28,6441
-
Manufacturing: Petroleum (including Integrated) and Coal Products Number of returns ............................................
1,622
188
Total assets ............. .................................... Notes and accounts receivable, net .......................... Inventories ........ __ ............................... ....... Cash, Government obligations, and other current assets .. - 1 Other investments and loans, ................................ Depreciable assets ... ........................................ Less: Accumulated depreciation ............................
176,164,845 34,086,641 11,279,052 11,882,833 46,626,806 89,925,248 40,111,219
-
Other capital assets less reservev ........................... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or m re .................. ... .... ......................... Net worth .......................... . . . ..... . . . . . Cost of property used for investment credit ..................
16,906,521 36,995,841 8,375,947
-
26,850,124 88,296,715 9,729,491
-
Total receipts ......... . . ......... .. . .. - - Business receipts ...................... I : ..................... Cost of sales and operations ................................ Taxes paid ..................... ................ . . . Interest paid ......................... .. ...... Depreciation .....................................
266,291,261 259,478,848 211,967,635 7,561,022 2,545,308 4,150,789
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............ ...... .............. Net income (less deficit) ......................... . Net income ...................... ..... ...... Income subject to tax .................. ....... ........ Income tax, total .................... .. . .. .. . Additional tax for tax preferences ............. . ..........
1,138,075 385,600 17,506,582 17,581,791 16,022,027 7,640,623 31,925
Foreign tax credit ...... - .... ............ Investment credit .... I...... I ...... I ......... ............ Work incentive (WIN) credit ..................... - - Distributions to stockholders except in own stock ............
5,067,480 .509,056 12 5,051,375
149
105
167
22
24
12
11
15
29
'17,973
'72,241 '20,684 '10,738 '10,635
356,792 95,054 62,519 52,076 25,304 222,159 123,746
138,309 37,098 25,293 31,207 5,608 74,686 46,921
380,970 65,929 63,636 58,886 53,432 238,096 123,236
411,218 92,552 59,676 62,400 62,646 134,975 48,564
784,021 189,858 110,837 130,120 94,588 338,435 146,239
2,431,428 392,141 443,928 193,020 129,230 1,418,679 584,775
171,475,626 33,176.856 10,486,232 11,313,680 46,243,594 87,346,128 38.945,642
14,330 118,905 20,760
3,369 47,552 10,945
11,809 92,000 30,808
29,885 132,207 34,824
45,978 191,585 55,158
337,777 719,424 79,899
16,459,430 35,644,386 8,133,560
'20,764
-7,305 17,818 1 1,784
'53,048
-4,708 -1,116
- 2,234
:10,532 28,046 - 7,470
36,247 166,280 19,541
62,621 8,747
66,606 168,462 24,459
70,824 155,430 15,411
91,301 430,009 37,530
534,802 881,657 130,404
26.009,160 86,348,662 9,472,053
'72,809 '68,367 * 47,542
'189,066 '187,935 '125,898
~ 2,010
1,369
849,278 838,467 645,933 13,876 7,651 17,606
366,651 355,142 285,438 4,461 1,218 4,889
725,649 705,433 564,391 10,679 7,084 13,441
963,917 933,079 829,834 6,858 7,663 10,694
1,639,275 1,619,080 1,348,338 21,664 11,230 19,600
4,431,456 4,399.013 3,767,358 35,992 54,240 82,294
256,903,051 250,224,336 204,238,315 7.456,269 2,452,074 3,990,233
5,510 2,395 42,397 48,844 38,928 17,696 -
1,595 -1,054 22,498 25,025 22,759 10,735
3,380 1,731 47,174 47,960 41,239 19,643 -
1,632 880 60,941 60,941 58,700 27,473 50
3,059 1,419 115,738 115,738 114,799 54,848 31
13,673 5,190 98,396 106,383 101,898 48,875 12
1,107,397 371 ,362 17,108 ,371 17,154 ,975 15,625 ,842 7,455,173 31,820
3,258 1,096 5,249,
1,582 2,015,
1,619 3,458 10,416,
1,621 8,804
5,060 ,427 490,982 12 5,007,419
' 19,114 '2,4~0 '31,5E4
'27,381 '71,504
-1,257 -'715 -1,713
'1,453 1, 175
1 0,584 '9,638
1,069 --
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
113 '986_
'547 1,310 5,783
.8 724 *447
16,9~61
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry, item
Total co active rporati on returns
Zero assets
$1 under $100.0 00
(1)
(2)
(3)
$100.000 under $250,000 (4)
Size of total assets $1,000,000 S5,000,000 under under S5,000,000 $10,000,000 (7) (8)
S500,000 under $1,000,000
$250,000 under $500,000 (5)
(6)
$10,000,000 under S25,000,000
$25,000,000 under S50.000,000 (10)
19)
S50,000,000 under $100,000,000 (11)
S100,000,000 under S250,000,000 (12)
$250,000 ,000 of more (13)
Manufacturin&R bber and Miscellaneous st9ics Products
I
Number of returns .................... ............... ....... Total assets ........... ...................... ............... Notes and accounts receivable, net . ......................... Invent ties ........................ .. ....................... Cash, Government obligations, and other current assets ..... Other investments and loans, .. ........................ ..... Depreciable assets ........ ............... _ .... .. ... Less: Accumulated depreciation ............................ Other capital assets less reseNes2 . .......................... Accounts and notes payable3 .......................... ..... Other current liabilities ..................... . ...... . Mortgages, notes, and bonds payable in one year or more .................. -11 ......... .......... Net worth ....... ....... .......... Cost of property used for investment credit .................. Total receipts ................... . _ - .. - - Business receipts .............. . . .... . - - - Cost of sales and operations ................................ Taxes paid ........ ........... . . .... . Interest paid ...................... ........ . ..... . . . . Depreciation ...................... .... . . - - - - .. ... Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs . ~ ................................ Net income (less deficit) ....................... ............. Net income ................................... _ - Income subject to tax ..................... . ... . . Income tax, total Additional tax for tax preferences ................. . ... .. Foreign tax crecht ........................ .. . . . . Investment credit ............. .......... - - - ... I ..................... Work incentive (WIN) credit ... Distfibutions to stockholders except in own stock ............
7,386 17,272,327 4,212,030 3,777,539 1,117,634 1,858,692 10,273,603 4,662,385 225,754 2,937,080 1,974,558
295 -
2,591 103,290 25,374 19,891 20,700 -6,407 58,445 33,441
1,268 224,001 57,123 40,387 40,086
31,011 7,222
62,797 16,780
4,155,140 7,519,505 865,380 24,503,965 24,005,862 16,537,946 740,747 502,578 864,507 344,292 218,033 942,014 1,059,236 990,932 446,503 9 59,355 57,351 104 290,094
-2,587 128,905 122,807 85,685 3,981 1,398 3,236
12,551 26,192 11,401 208,948 207,750 136,118 8,160 2,614 4,570 1,024
35,415 90,320 14,863 566,762 564,227 378,263 14,444 4,473 16,513
-6,044 5,484
6,584 22,705 18,159 4,191 1,399 (1) * '1,168 1
-1,716 11,946 16,009 12,199 6,102 -
(4) '903
120,566 54,714
934 643,902 172,980 120,499 62,656 28,033 482,426 254,685
797 1,566560 388~080 358,237 170,973 79,842 1,003,677 504,987
19,148 182,210 54,965
95,165 199,306 40,390 1,057,928 1,054,251 715,852 25,859 13,032 27,390 4,770 3,647 36,089 49,727 38,999 11,141 2,277 (1) *
124,744 255,106 38,967 1,364,850 1,353,896 961,074 35,336 18,391 41,539 8,601 5,376 47,175 61,373 50,632 17,082 2,676
372 139,812 40,301 36,748 23,053 '12,238 60,505 39,180 ~2,622 35,957 7,119
231 161,871 46,446 44,310 18,9156 7,785 85,759 48,400 3,795 49,652 11,694
332 728,553 229,994 244,187 75,164 57,545 244,006 143,336 7,441 253,741 54,621
55 371,201 106,989 134,538 42,983 23,001 122,045 64,321 2,934 107,350 25,656
35 660,009 192,330 214,870 64,680 64,341 192,111 91,610 10,367 123,281 50,400
6 714,498 154,195 222,051 54,620 81,234 229,284 104,120 4,985 105,048 58,639
76,343 2,769 353,203 350,485 252,803 9,504 3,240 4,171
'21,072 74,518 3,727 393,383 389,583 304,341 12,000 3,945 6,164
63,626 333,095 19,231 1,610,917 1,597,223 1,210,606 36,231 19,784 17,876
56,536 175,517 9,305 796,255 785,832 604,019 18,647 11,025 9,143
82,583 387,826 12,579 1,214,206 1,202,570 844,255 28,942 16,007 15,156
188,345 322,763 1 1.211 1,102,845 1,085,100 765,840 29,006 24,113 17,283
261,806 737,940 17,671 2,666,753 2,580,396 1,816,362 61,584 65,985 33,253
-1,807 - 1,424 -1,131 10,122 7,D62 2,587
11,080 7,292 50,107 68,063 6.4,973 28,612
3,534 3,103 22,793 31,062 28,989 13,486
7~080 6,285 87,192 91,779 89,246 42,542
7,353 6,417 17,405 26,306 17,245 8,253
16,951 4,278 65,714 109,328 98,982 47,459
1,770 3 4,2 0
594
165 910 7 6,071
325 990 314 17,6 3
858 1,025 2 31,568
4,234
33,819 429,717 117,261
86 599150 142:345 146,089 58,495 27,869 347,192 148,624 10,855 178,348 56,068
57 832904 171:953 176,709 72,477 72,134 516,457 219,866 16,350 173,807 63,730
21 742,614 161,121 173,291 47,559 87,649 434,745 199,719 8,504 129,151 48,110
266,897 701,439 90,586 3,108,099 3,074,719 2,235,313 74,728 40,909 90,582 18,758 16,531 129,801 156,265 138,828 61,154 -
94,129 252,006 29,933 989,903 979,117 697,882 26,000 17,155 28,849 5,261 3,870 42,511 55,931 54,287 25,599 -
133,024 417,241 44,250 1,252,871 1,225,828 869,942 29,767 20,924 42,174
181,903 353,170 31,720 1,003,979 987,789 696,791 25,239 21,032 31,074
8,218 8,435 60,426 69,912 65,796 30,798 -
10,322 13,625 37,909 44,537 42,685 20,238 -
476 3,175 6 6,162
850 1,839 1 6,682 .
4
1,317 480714 135:799 76,508 82,735 23,108 307,987 158,656 5,698 130,735 38,454
-1,247 5,032 '42 12,799 1
1,569 -6 2,657
341,062 90,812 69,704 18,617 19,949 227,974 101,103 9,201 63,501 12,176
8 1,037,238 301,420 262,886 7Z431 79,215 524,852 245,608 12,059 140,095 82,401
8 10,700,892 2,565,023 2,333,338 470,905 1,428,153 6,249.282 2,740,982 104,191 1,415,708 1,477,391
128,293 130,145 13,529 502,361 497,309 359,589 22,055 12,545 26,304 3,114 4,425 10,009 11,685 11,323 5 413
277.065 490,551 41,609 1,441,531 1,414,326 979,396 53,627 34,073 37,372 13.137 9,245 78,269 78,269 75,652 36,071
Z805,954 4.604,029 505,545 12,877,826 12,523,843 8,422,041 421,531 316,032 514,904 264,226 148,152 487,339 487,339 480,337 228,225
27 710 3,108 '
642I 2,918 I 10,865
55,897 35,534 ~ 22 230,943
Manufacturing: Leather and Leather Products Number of returns ...... .... .... Total assets ........ .. Notes and accounts receivable, net ......... .... Inventories ............ ...... . Cash, Government obligations, and other current assets ..... Other investments and loans, ......... . . . .. Depreciable assets ............ .... ... .. . . . Less: Accumulated depreciation .................. Other capital assets less reserves' ........... _.- Accounts and notes payalblW ....... ...... ..... . Other current liabilities .. ..... ........... . .. Mortgages, notes, and bonds payable in one year or .......... ....... more ............ ... ... ............. Net worth ............. ..... . ... . .. . . . . Cost of property used for investment credit .................. Total receipts ............. . ... . . . . . . . Business receipts .............. . . . . . . . . .. Cost of sales and operations ............ . ... .. Taxes paid .......... . .. . . Interest paid ......... ...... . .. . . . . . . . . Depreciation ......... ..... .. ... . - - - ... - Pension, profit-sharing, stock bonus, and annuity plans Employee benefit programs ...... ...... Net income (less deficit) ......... ................. Net income ......... ... . .. .. . .. ... . .. Income subject to tax ........... I ............. Income tax, total ............ . . . - - Additional tax for tax preferences ....... ... .. Foreign tax credit .... ...... Investment credit . . .. . . .. . . Work incentive WIN) credit .......... . . Distributions to stockholders except in own stock ....
. . . . . . . .. .. .... ...... .... . . . ... ....
2,297 4,370,219 1,145,285 1,338,633 489,891 553,137 1,466,716 781,895 40,388 1,066,805 296,433 694,818 2,151,988 80,300 8,511,999 8,357,915 6,045,748 209,581 147,184 108,279 50,883 33,667 269,619 365,952 325,953 147,462 1,612 5,792 80 67,107
'483 -
'33,733 '13,512 '8,218 -1,066 '20,191 14,487 '17,226
12,609 -7,038 16,972 -1,092 '21,075
'36,913 '31,272 -3,641
1,663 138,140 '137,786 '89,621 -4,983
'2,131 '199,384 197,668 135,201
1,957 (4) '2,871 -2,970 2,970
- 4,305 -4,859 141
'1,416 1
Footnotes at end of table. Spe text tot "Explanation of Terms" and "Description of the Sample and Limitations Of the Data."
12,397 ' 12,397 '1 1,492
- 1,885 7,966 9,066 1,048
. ,75
196 39
-2,192
3 1.475,606 331,197 410,216 192,973 298,889 485,907 259,469 7,106 353,475 79,838
-1 CA)
RETURNS OF ACTIVE CORPORATIONS
Ul -0~
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Total Major industry, item
Size of total assets
active corporation returns
Zero assets
$1 und,r $100 ,001)
$100,000 under 250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under S5,000,000
$5,000,000 under $10,000,000
S10,000,000 under $25,000,000
S25,000,000 under $50,000.000
$50,000,000 under $100,000,000
$100,000 000 under OC ' S250'0 0,000
S250000000 or ' mo ~e
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
If 1)
(12)
(13)
Manufacturing: Stone, Clay, and Glass Products Number of returns ............................................
10,136
3,660
2,213
1,441
1,252
986
107
73
27
14
25
18
Total assets .................................................. Notes and accounts receivable, net .. ........................ Inventories ................. ................................. Cash, Government obligations. and other current assets ..... Other investments and loans, .............................. Depreciable assets .......................... ................ Less: Accumulated depreciation ............................
23,264,273 3,783,313 3,625,767 2,198,215 2,944,168 18,587,691 9,201,658
134,618 20,526 2~,887 801
372,814 94,371 66,757 55,306
120,071 68,984
289,723 166,647
524,755 133,713 89,953 58,765 9,095 453,402 260,273
863,112 214,444 138,704 108,460 47,715 755,507 468,807
1,982,446 453,142 333,251 223,006 113,338 1,619,568 910,767
729,454 147,414 145,298 65,231 59,875 538,409 273,069
1,136,523 185,891 213,874 99,966 129,213 891,551 468,700
903,476 155,608 172,915 70,075 102,978 761,553 414,227
939,257 127,978 150,687 71,141 52,387 884,209 425,519
3,932,949 551,852 585,613 331,434 425,778 3.294,620 1,488,081
11 ~744,869 1,698,374 1,708,914 1,090,944 1,989,032 8,979,078 4,256,584
Other capital assets less reserves, ........................... Accounts and notes payable ........ - ... ................. Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more ..................... I ........................ ... ...... Net worth .................................................... Cost of property used for investment credit .......... .......
814,607 3,377,430 1,600,651
8,368 31,719 9,075
11,908 73,133 25,612
31,652 139,160 30,639
37633 21 8~319 53,123
123,801 518,303 123,295
37,487 149,999 53,519
61,144 175,098 72,748
37,930 107,225 68,865
58,717 77,811 63,098
137,871 360,183 283,635
268,096 4,526,480 817,042
5,256,235 11,803,942 . 1,579,801
30,361 38,878 13,964
54,879 177,198 39,200
102,085 219,782 41,813
160,419 378,142 62,625
372,344 888,684 132,333
135,306 360,922 45,444
250,190 596,129 81,750
137,235 550,503 52,129
229,114 529,186 105,098
1,024,206 2,002,225 257,288
2.760.096 6,062,293 747,532
Total receipts .................. ............................. Business receipts ... .......................................... Cost of sales and operations ............... ................ Taxes paid .............................. ................ ... Interest paid ........................................... ...... Depreciation ..................................................
27,261,285 26,589,002 18,119,756 806,430 551,804 1,261,563
332,947 328.652 192.489 12,643 3,271 12,070
768,531 755,241 482,784 24,452 7,996 24,287
1,061,656 1,044,331 708,058 35,457 14,316 43,116
1,707,143 1,674,121 1,183,151 48,182 20,577 62,380
.3,172,738 3,110,907 2,199,715 92,174 54,895 130,678
992,104 956,336 697,521 26,173 17,447 41,389
1,348,394 1,296,999 921,152 35,650 28,856 59,022
1,031,672 1,006,728 693,444 34,575 18,204 48,670
1,014,175 993,656 665,097 28,392 21,918 58,143
3,822,515 3,726,466 2,573,309 120,782 114,237 194,253
11,911,507 11,591,371 7,722,802 345,440 248,800 586,001
Pension, profit-sharing, stock bonus, and annuity plans ....... Employee benefit programs .................................. Net income (less deficit) ................................... _ Net income .............................. ................. Income subject to tax ......... ......... ......... ........ Income tax, total ............................................. Additional tax for tax preferences ............ .............
348,055 265,029 1,043,795 1,255,454 1,154,292 519,271 2,183
'512 -2,064 13,976 8,570 1,767 -
3,188 4,436 27,012 38,045 31,329 7,342 -
5,459 3,592 25,107 42,207 29,779 7,347 -
10,770 8,226 51,553 66,229 50,637 18,375
21,896 14,563 112,203 153,7130 126,081 54,678
7,027 5,251 36,142 49838 44:078 20,443 -
11,852 6,919 83,142 102,699 98,451 46,541 129
11,069 11,080 63,272 72,080 70,016 33,201 203
10,132 8,773 53,249 60,926 58,353 27,948 351
49,745 39,192 151,839 170,967 169009 79~942 419
214,101 162,175 445,501 480,049 465,333 220,785 816
Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
60,135 89,472 76 392,484
1,844 -
3,511 3,484
6,050
2,600 9,679
5,738 4,174 3 12,714
799 4,209
22 3,814
6,694 14,231 10 51,997
46,431 46,553 34 260,848
Manufacturing: Primary Metal Industries
'94,194 -2,510 '1,287
-
2,396 -
4,775
-3,909
16,826
(1) 14,248
12,868
-
Number of returns ............................................
4,135
42
1,147
614
533
632
769
163
107
35
29
26
38
Total assets .............. .............................. .... Notes and accounts receivable, net .......................... Inventories ...... : ........... ... ....... I ........... I ........ I . Cash, Government obligations, and other current assets ..... Other investments and loans, .. ........ _ .................... Depreciable assets ........................................... Less: Accumulated depreciation ..... ...................... ..... ...... ...... Other capital assets less reserveS2
79,364,162 10,831,637 13,700,362 5,377,535 8,401,747 60,994,218 32,043,420
-
64,1360 . 13,S08 - 9,()80 12,595 - 4,517 40,713 20,581
99,056 33,260 12,775 24,853
194,226 50,813 41,012 23,432
50,162 29,672
145,180 82,055
456,470 122,783 87,189 58,559 26,958 287,646 146,667
1,709,135 385,174 398,842 211,641 .81,243 1,098,898 533,095
1,140,734 231,538 328,843 136,222 67,171 642,782 316,158
1,637,189 342,913 505,111 147,415 65,258 1,003,267 470,305
1,259,167 212,578 339,729 113,029 58,728 693,436 225,561
1,998,167 326,084 502,250 200,508 199,014 1,319,086 642,319
3,965,484 603,365 1,148,255 282,173 320,386 2,799,344 1,423,890
66,839,874 8,509,521 10.327,276 4 ,167 ,108 7 ,568,836 52,913,704 28,153,117
2,238,959 12,189,509 5,339,660
-
'2,360 -8,(i 1 1 1 4,540
21,951 6,650
6,184 40,937 15,923
13,253 128,534 28,983
41,337 436,470 137,265
27,711 301,537 106,372
26,952 349,419 131,530
29,307 245,185 96,817
64,731 359,666 154,209
55,055 490,866 355,722
1,968, 716 9,806,333 4,291,649
16,264,396 38,564,814 4,650,057
-
26,794
54,428
42,506 78,837 5,931
54,895 221,291 40,517
218,536 872,298 101,640
150,041 538,794 74,518
234,011 875,971 96,702
262,187 556,661 85,238
395,955 967,300 132,325
717,696 2,129,771 202,857
14, 169,550 32,242,669 3,890.417
Total receipts ......... ................................ - .. Business receipts ................................ . .... . . . Cost of sales and operations ................................ Taxes paid .............................. ........... ... - Interest paid .................... . .. . - .... . . . Depreciation ... ................ ...... .. ... _ ... - ..
82,038,913 79,828,412 59,366,206 2,079,078 1,893,294 2,976,776
456,995 443,012 308,423 ' 11,064 ' 12,985 16,099
183,079 181,528 122,E79 5,851 ' 498 3,722
306,285 305,012 213,388 9,276 1,202 4,223
513,070 510,002 372,595 14,979 5,306 8,919
1,019,316 1,006,627 751,760 25,976 9,997 23,427
3,470,519 3,433,440 2,574,072 84,849 34,409 87,913
2,150,032 2,122,278 1,666,338 46,780 27,415 47,072
2,954,317 2,924,516 2,238,736 67,622 34,701 72,474
1,899,112 1,876,699 1,447,689 37,539 28,436 47,526
2,742,468 2,679,720 2,010,123 66,701 46,704 82,201
6,020,856 5,927,341 4,303,565 138,594 88,486 164,048
60, 322,864 58, 418,237 43,356,838 1,569,847 1 ,603 ,155 2,419,152
Pension, profit-sharing, stock bonus, and annuity Mans ...... Employee benefit programs .................................. Net income (less deficit) ...................................... Net income ... .............. .. _... - . .. . .. . . . Income subject to tax ........................ I ............ Income tax, total ... ........... ....... .. . . . . _ Additional tax fortax preferences ..........................
1,619,816 1,033,069 2,634,913 3,092,037 2,775,171 1,286,220 13,230
-1,531
- 4,738 12,214 14,914
3,268 4,177 6,308 15,737
6,170 8,118 47,750 58,008 50,043 19,400 -
31,130 27,399 198,053 236,405 224,704 101,272 -
21,097 13,785 119,241 141,250 134,802 63,199 -
31,278 21,958 173,360 201,029 198,605 94,415 -
23,665 13,385 119,905 145,012 140,363 66,981 -
36,236 27.038 187,890 200,614 174,213 83,266 86
102,914 74,041 438,545 460.415 454,538 217,672 -
U56,304 832, 110 1 , 311 ,441 1 ,584 ,322 1 . 351 ,488 622,230 13,144
Foreign tax credit ......................... .. . . . . Investment credit ........... ............. . .... .. . .. Work incentive (WIN) credit ........................ .... Distributions to stockholders except in own stock ............ 1
173,276 160.214 139 1,249,1711
* 7,061
'62 4,948
20,2461 .6
10,560 .10
288 6,573 7 21,317
Accounts and notes payable, ................. ......... .... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ............... Net more worth... .............................................. .. .... . ...... - .. ..... Cost of property used for investment credit ..................
23,864
-3,658 - 7,151
-2,814 -
:252 66, *1 7,494 1
256 -3,3741 -
Fcolnotes at end of table, See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
- 4,0301
. ' ~ 50 2, 12 1
2,099 3,6891 -
(1)
54 4,351 3 11,915.
5,283 8,213 10 34,277
3,945 15,776 40 79,706,
163,392 109,750 63 1,050,451
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Total active
Major industry, item
corpora ti on returns
Zero
$11 under
assets
$ 00,000
(2)
0)
(3)
$100,000
$250,000
$ under 250,000
under $500,000
(4)
1
(5)
Size of total assets $5,000,000
$500.000
$1,000,000
under $1.000,000
under $5,000,000
(6)
(7)
under $10,000,000 (8)
$10,000,000
S25,000,000
S50,000.000
S100,000,D00
under $25,000,000
under $50,000,000
under $100,000,000
under S250,000, 000
(9)
(10)
(11)
(12)
$250.000,000 or more (13)
Manufacturing: Fabricated Metal Products .......
28,666
753
10,881
6,360
3,605
3,243
2,944
461
244
92
35
29
19
Total assets . .......... ..................... . ........... .. Notes and accounts receivable, net ......................... : Inventories ......................................... ......... Cash, Government obligations, and other current assets ... I . Other investments and loans' ................................ Depreciable assets .................................. ........ Lessi Accumulated depreciation ............................
38,855,968 7,975,222 9,961,496 4,198,330 4,366,520 20,179,853 9,803,448
-
419,791 98,082 64,892 63,671 12,112 337,342 183,045
1,004,439 251,279 167,257 168,657 68,892 631,093 332,121
1,274.989 332,097 250.823 201,274 50,271 768,732 392,010
2,280,270 569,088 592,399 350,041 77,662 1,232,453 642,397
6,061,663 1,479,071 1,816,215 771,306 325.914 2.965,497 1,55B,967
3,200,288 694,283 1,109,245 340,127 206,634 1,489,654 762,491
3,643,656 718,799 1,095,890 428,605 312,731 1,740,104 810,779
3.093.718 563,979 903,405 352,879 406,131 1,356,741 647,007
2.550,7BI 455,771 747,850 235,260 233,318 1,339.757 620,165
4,064.580 787,226 1,140,017 414,296 653.217 1.955,422 1,024,883
11,261,783 2,025,547 2,073,503 872,214 2,019,638 6,363.058 2,829,5B3
Other capital assets less reserves' ... ....................... Accounts and notes payable' ................................ Other current liabilities ........ ........................... .. Mortgages. notes, and bonds payable in one y ear or . .. . . . ... . . . ..... . . . . ... . . . .. . . .. .... Net moworth re ........ .............................................. .... .... Cost of property used for investment credit ....... .....
1,011.065 7,329,853 3,664,379
-
8.570 122,142 34,1142
23,065 313,649 100,376
31,751 356,726 110,594
59,520 663,653 211,832
161,476 1,450,406 565.429
70,956 809,722 307,427
B8,996 630,330 345,499
66,111 463,351 3311,899
88,422 379,518 292.518
56,535 452,330 424,982
355,663 1.688,026 931,991
6,578 ,982 18,880,887 1,787,356
3,471
85.804 102,816 33,375
160 , 136 381,003 72,333
212,597 512.017 86,907
314,111 964,575 131,416
749,627 3,045,899 235,610
368,285 1,609,850 118,976
536,779 1,988,371 163,251
535,175 1,606,275 114,623
449,752 1,341,811 119,137
706,059 2,330,670 153,828
2,460,657 4,997.600 554,429
Total receipts .............. ...................... ... Business receipts ......................... ......... ......... Cost of sales and operations ........................... ... Taxes paid ........................ ... . .... . ........ .... Interest paid ...................... ......... .... .... .... Depreciation ......................................... .. . ...
60,414,180 59,348,401 42,046,317 1,583,451 886,152 1,505.666
212,281 207,658 141,725 5,678 1,631 5,940
1,263,297 1,248,419 851,071 36,924 11.842 33,630
2,255,890 2,232.504 1,499,153 72,286 22,753 62,796
2,778,406 2,750,070 1,898,053 83,792 35,411 65,547
4,581,529 4,529,779 3,206,661 120,740 53,466 102,186
11,253,641 11,105,963 7,929,432 290,935 133,659 226,035
5,665,414 5,586,755 4,044,131 140,741 77,044 105,540
5,437,887 5,345,851 3,723,693 140,646 74,901 125,906
4,014,309 3,938,326 2,796,555 112,251 64,336 93,590
3,638.584 3,600,597 2,629.494 96,102 58.521 91,276
5,459,271 5,358,806 3.689,885 144,411 80.693 130,913
13.853,671 13,443,673 9,636,464 338,945 271,895 462.307
Pension, prolit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (Less deficit) .......................... .... .... Net income .............. ............... ........ . .... Income subject to tax .................................. - ... Income tax total ....................... ......... . .... ... Additional tax for tax preferences ............... . ......
749,243 471,903 3,438,115 3,905,426 3,660,302 1,650,044 75
-1,347 2,400 1 6,006 17,703 16,959 7.164 -
7,842 -23,963 30,929 18,140 3,497 -
17,2112 9,329 8,631 85,172 67.780 14,716 -
18,512 16,919 74,339 119,947 90,615 26,651 -
41,089 28,855 202,335 250,321 224,047 82,143 -
101.552 72,558 670,966 746,466 663,360 293,381 -
49,056 37,182 357,629 403,329 389,464 182,726
59,129 39,097 464,430 507,960 494,078 233,745 2
40,254 29,396 315,447 347,358 337,194 160,136 47
37,956 25,746 231,849 243,178 231.775 111,011 26
89,451 64,987 403,057 408,131 402,063 192,417 -
291,192 137,592 717,389 744,932 724,837 342,457 -
Foreign tax credit ............... .... ..... .... ... .... Investment credit ....... .. .... ..... .... ... ... ... ..... Work incentive (WIN) credit ................. . .. . . Distributions to stockholders except in own stock ........ ...
124,369 124,725 383 586,371
6~ 5 -8,240
496 17,287 79 68.828
854 8,993 50 26,, 61
2 3B4 12: 143 14 49,148
2,225 9,438 18 45,639
3,846 11 9,4 2 35,449
46 "
269 -1,114
94,462 41,640 49 244,086
Number of returns ....................................
3,223 "4 8,348 1
50 2,721 8,100
7,267 13,652
19 :97 11 49 76,906
Manufacturing: Machinery, Except Electrical ....... . ... .... .... . .
25,880
471
10,290
6,093
3,319
2,397
2,384
473
222
88
50
44
49
Total assets ............... .. . . ........ .... . .... . Notes and accounts receivable, net .......................... Inventories ..................... ................. . .... .... Cash, Government obligations, and other current assets ... Other investments and loans, ... ................... ... . .. Depreciable assets .................... .... ........... . ... Less: Accumulated depreciation ............................
93,246,051 21,446,126 23.978,533 13,984,114 11,745,690 38,802,082 19,888,688
-
404,661 87,475 50,928 52,296 20,418 343,209 179,730
1,017,629 253,701 201,821 160,381 30,085 676,884 356,517
1,194,593 278,680 247,927 219,658 64,784 733,417 411,670
1,669,492 370,808 447,751 241,226 80,865 996,877 544,422
4,877,829 1,097,284 1.676,970 595,066 249,018 2,189,255 1,136,806
3,275,557 678,025 865,885 949,067 208,603 911,394 449,166
3,450,553 774,372 1,202,064 333,457 264.274 1,351,194 629,727
3,173,914 714,506 1,062,881 288,553 295,900 1,251,419 580,027
3,559,814 797,438 1,137,293 378,748 371,342 1,272,170 582,079
6,968,846 1,383,336 2,022,225 B51,606 884,447 2,539,309 1,159,560
63.653,163 15,010,501 15,062,788 9,914,056 9,275,954 26,536,967 13,858,984
Other capital assets less reserves, ................ ........ Accounts and notes payable, .................... . .. . . .. Other current liabilities .................... .......... .... .. . . Mortgages, notes, and bonds payable in one year of move .......... ...................................... Net worth .... ............ . . ....... . .. . ...... . .. . Cost of property used for investment credit ........ . . . .
1,082,332 19,484,495 8,842,332
-
17,215 80,848 28,252
19,368 295,636 88,614
27355 302,535 108,466
44,350 430,370 160,943
120,605 1,256,274 496,415
69,335 1,294,112 334,247
71,798 682,454 413,253
54,573 599,804 371,457
76,947 535,414 421,483
171,059 932,190 988,161
409,727 13,074,858 5,431,041
15,978,217 42,175,525 3,836,919
7,034
71,350 141,407 31,316
197,981 349,708 74,525
118,890 591,020 59,919
275,116 702,966 119,416
707,005 2,247,300 230,239
303,927 1,097,832 67,463
475,074 1,749,942 164,801
494,512 1,550,803 147,186
728,747 1,737,237 136,743
1,473,017 3,270,024 266,843
11,132,598 28,737,286 2,531,434
Total receipts .......... ... .... ... . . .... . . .. ...... Business receipts ... ... .... .... .. . .. . . ... .... ... . Cost of sales and operations .................... .... .. Taxes paid .................... .. .. - - ... - .. - ... Interest paid ........... . .. ... ..... . . ......... . . . Depreciation .................... . ... - - - .. ... - ..
98,874,180 93,592,666 60,558,363 2,864,385 2,490,764 3,564,457
220,494 215,276 158,411 6,347 3,570 3,774
945,268 931,525 549,170 36,734 11,301 35,056
2,247,743 2,227,817 1,442,824 66,138 27,633 60,740
2,227,646 2,201,619 1,432,776 71,560 26,014 65,876
3,239,150 3,194,397 2,174,008 96,748 40,466 81,388
8,272,001 8,125,742 5,663,484 213,232 118,852 167,431
4,117,133 3,963,163 2,617,466 91,595 57,141 64,414
4,716,105 4,589,621 3,085,501 121,100 78,002 109,624
4,134,890 3,962,878 2,748,757 106,950 87,896 110,098
4,690,996 4,441,949 3,074,829 117,163 94,768 96,078
8,047,866 7,769,214 5,447.022 199,861 185,723 201,058
56,014.888 51,969,465 32,164,115 1,736,957 1,758,968 2,568,920
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............. ... .... . .. ... Net income (less deficit) .. .... ......... ... .. . . Net income ......... . .. .... Income subject to tax Income tax, total ........ .... ...... Additional tax for tax preferences .
1,265,576 1,035,480 7,875,750 8,380,594 8,037,392 3,762,478 374
1,542 1,164 -1,817 14,543 14,075 6,349 -
-2,720 3,358 -3,660 39,201 30,018 6,376 -
10,116 15,369 39,628 103,900 64,033 14,693 -
23,163 16,445 96,338 130,095 113,197 35,501 -
26,540 23,482 137,443 173,555 151,295 54,994 -
67,754 52,828 458,868 563,992 503,055 223,059
32,549 21,733 286,255 320,897 290,214 134,651 -
53,143 34,361 366,296 404,970 385,644 182,160 -
40,897 26,153 282,765 319,351 304,320 145,074 -
46,379 41,543 346,969 384,176 368,922 175,472 2
100,759 73,628 405,640 433,604 418,658 199,889 125
860,014 725,416 5,460,825 5,492,310 5,393,961 2.584,260 223
Foreign tax credit ... .......... .. .. .. . Investment credit ................... I ..................... Work incentive (WIN) credit .................. . . .. . ...... Distributions to stockholders except in own stock . .... ..... .
41, :"0 653 1 "0 14 340 2,029,574 1
'65 6.4 2
554 13,129
2,101 4,958
13,186 7,910
18,401 9,430
17,430 19,292
2,118
31, ; 31 47 1
21,202 1
3,713 9,664 17 35,744
41,638 '' 1
49.295 '6 1
91,213 47 1
986,186 168,385 147 1,712,052
Number of returns . ........ ... .
17 437 1
-
-
1,563 '6,481
3,064 13,113
3,M j 6,39'
Footnotes at end of table, See le,t for "Explanation or Terms" and "Description of the Sample and Limitations of the Data." Ul Ul
RETURNS OF ACTIVE CORPORATIONS
U1 M
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] . Major industry, item
Total coacti ve rporation returns
Zero assets
$1 under $100, 000
$100,000 under $250,000
(1)
(2)
(3)
(4)
Size of total assets $250,000 under $500,000
$500,000 under $1,000,000
_(5)
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under S25,000,000
S25,000,000 under $50,000,000
$50,000,000 under S100,000,000
$100.000,000 under $250,000,000
$250,000,000 or more
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Manufacturing: Electrical and Electronic Equipment Number of returns ........... .......................... .....
11,517
570
4,583
1,614
1,716
1,029
1,446
218
166
68
35
37
35
Total assets ........ ........ ................................ Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............ ...............
75,078,918 19,027,839 15,633,051 9,609,435 10,944,863 29,915,349 14,426,712
-
153,878 33,294 43,630 21,115
274,220 87,545 91,132 32,665
53,993 :23,356
105,080 55,558
612,211 174,841 171,816 109,570 20,640 209,785 99,534
719,414 216,289 210,179 110 ,401 33,540 288,599 161,260
2,907,336 756,931 920,581 363,035 149,442 1.136,071 542,821
1,537,317 363,765 499,873 207 ,635 98,567 558,391 254,060
2,581,605 629,465 774,430 284 ,353 239,194 975,828 442,800
2,362,772 571,610 765.680 217 ,775 132,109 986,118 451,570
2,364,538 476 ,544 636,756 277 ,045 348 ,455 994,426 509,850
5,386 ,406 1 . 136 ,081 1,515,096 474 ,723 637, 141 2,579,276 1,295,683
56 ,179 ,221 14 ,581 ,474 10,003.878 7 ,511,118 9 ,278, 206 22 ,027, 782 10,590,220
Other capital assets less reserves' ........................... Accounts and notes payable3 ... ............................. Other current liabilities .............................. ........ Mortgages, notes, and bonds payable in one year or ....................................................... Netmore worth ......................................... .......... C. of property used for investment credit ..................
892,759 14,293,639 10,953,720
-
10,232 54,296 17,245
112,935 21,349
9,455 234,291 60,754
10,589 244,865 , 83,022
56,711 860,876 310,791
31,365 410,349 150,089
44,908 569,675 290,216
46,328 393,726 286,118
45. 023 360 ,330 269, 758
100,373 880, 082 493, 686
535,019 10 ,172,214 8 ,970,692
14,023,186 28,746,087 3,266,225
6,706
'24,146 20,168 8,574
33,402 51,866 16,360
81,995 191,960 31,250
88,913 238,064 29,175
418,868 1,183,575 105,258
182,271 704,350 56,893
425,807 1,154,789 98,003
426,821 1,184,889 103,605
386,357 1,178,113 81,969
1 ,030,616 2 ,779,878 197,245
10 ,923,990 20,058,435 2,531,187
Total receipts ................................................ Business receipts ............................................. Gost of sales and operations ................................ Taxes paid ........ .......................................... Interest paid ............ ..................................... Depreciation ..................................................
86,124,041 82,624,089 57,224,230 2,246,373 2,022,055 2,863,937
608,308 587,006 450,787 11,779 21,194 10,197
441,674 4-A,404 296,482 11,708 3,984 6,658
590,152 582,155 361,986 17,374 10,523 10,281
1,258,228 1,239,584 814,170 32,223 15,792 22,046
1,507,220 1,486,132 971,862 41,933 17,019 23,331
5,166,188 5,060,239 3,473,445 143,049 82,606 107,254
2,272,323 2,217,166 1,541,533 59,007 37,098 49,132
3,601,569 3,476,700 2,409,449 95,112 68,747 89,031
3,549,672 3,432,751 2,445,680 91,359 64,735 92,063
3,137,436 3,045,394 2.053,015 93,170 49,677 85,860
7, 130,944 6 ,820, 737 4, 753,498 184 ,348 125,849 201,667
56,860 ,327 54,236,821 37,652 ,323 1 ,465 ,311 1 ,524 ,831 2,166,417
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax, total ............................................. Additional tax for tax preferences ..........................
950,926 878,720 3,482,970 4,057,709 3,772,758 1,758,418 4,349
-4,031
1,243 -29,522 11,143 4,476 855 -
-1,918 2,473 2,939 26,343 15,958 4,194 -
12,950 5,107 8,390 49,382 42,911 12,432 -
11,409 6,686 37,297 78,429 59,074 22,693 -
45,645 26,194 191,041 290,127 253,615 111,063
14,225 14,354 104,939 155,686 130,851 61,064
24,526 18,787 137,259 251,236 218,050 103,123 5
25,554 22,483 210,888 226,462 198,367 94,300 -
30,405 32,G71 194,948 229,772 216,214 100,026 1
74 ,895 63 ,728 362 ,710 404,942 366.528 170 ,008 121
705 ,368 682 ,681 2,261 .996 2,311 ,835 2,244, 857 1 .068 ,383 4,222
Foreign tax credit .......... ................................. Investment credit ....................................... ..... Work incentive (WIN) credit ..................... ............ Distributions to stockholders except in own stock ............
323,593 196,123 278 1,273,930
'26 1,064
5,954
997 3,207
6,047
11,877
10,381
4,070 5,413 10 14,875
4,647 4,967 1 34,672
23 ,793 11 ,325 15 110,073
281 .531 155 ,706 116 1,057,437
85 22,352 21,857 10,277 -4,014 -
-
-
638
1,432 (1)
*2,621
1,807
4,349 6,105 12 15,4501
Manufacturing Motor Vehicles and quipment Number of returns ............................................
2,107
Total assets .................. ............................... Notes and accounts receivable, net .......................... Inventories ................... ........................ I ..... 1 Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................
81,561,569 34,109,835 13,282,052 6,406,933 9,405,372 33,967,453 19.209,679
-
Other capital assets less reserves2 ........................... Accounts and notes payable3 .. ......... ..................... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ......... .................... I ........... Net more worth ...... .................... . ... ...................... ........ Gost of property used for investment credit ..................
857,914 24,972,348 5,941,880
-
17,845,041 30,490,206 3,255,817
-
Total receipts ................................................ Business receipts ............... ............. ....... ....... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ..................................... ..... ...... Depreciation .......................................... .......
96,215,251 94,079,308 71,159,809 2,282,010 2,795,964 3,081,473
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ......................... ........ ... Income tax, total ............................... ...... . .... Additional tax for tax preferences ..........................
2,101,700 2,225,244 2,687,185 3,317,246 3,278,265 1,564,767 14
Foreign tax credit ............................... .... . ..... Investment credit ............................................ Work incentive (WIN) credit .............................. Distributions to stockholders except in own stock ........
160,405 155,547
'363
614
399
227
318
67
51
20
11
18
17
'708 - 4,804 - 2,444
98,898 27,299 32,147 15,279 - 1,644 45,260 25,664
143,736 31,232 60,643 15,094 45,486 19,962
156,299 38,123 53,110 17,125 -4,005 72,219 34,936
679,005 166,149 248,471 63,739 25,695 272,323 124,826
455,961 104,779 148,333 36,690 19,532 216,879 95,657
822,850 200,284 249,463 97,642 61,301 349,977 161,520
711,235 120,393 230,702 76.350 93,817 296,867 130,664
789,015 146.411 214,306 68,048 103,981 429,910 209,608
3,092.538 635,538 809,688 374,832 430,696 1,372,693 675,301
74 ,596, 339 32 ,637. 728 11 ,229, 954 5 ,641 ,426 8 .659.854 30 ,861 ,035 17,729,097
* 1,282 61,240 7,456
42,617 6,239
3,498 41,618 15,980
18,510 212,035 73,276
18,343 170,388 43,304
15,385 151,152 89,294
9,228 117,675 58,355
10,519 70,951 64,119
36,713 515.666 412, 502
739, 799 23, 582, 771 5 ,171 .011
18,466 * 1,102
33,874 49,461 2,469
26,339 67,329 9,257
99,644 271,090 30,239
69,167 159.977 13,550
94,676 436,503 24,783
172,424 338,303 29,215
173,948 448,149 33,038
556,471 1 ,461 ,842 85,925
16 ,608 ,448 27 ,245, 166 3.025,869
242,130 240,243 169,941 7,282 - 1,642 3,592
396,588 394,824 311,686 6,726 4,214 3,976
410,763 405,086 305,551 9,547 3446 5:850
1,468,288 1,451,218 1,095,647 36,816 20,460 22,923
806,524 795,789 586,852 21,703 21,341 16,828
1,356,734 1,335,382 976,906 36,413 15,943 27,187
1,105,718 1,091,690 799,836 25,504 19,479 31,955
1,147,817 1,120,179 789,104 37,154 18,464 33,683
4.052,755 3 ,929,972 2,781,621 105,376 93,850 109,666
85, 184 , 107 B3, 271 ,824 63,309 , 136 1 ,994,365 2. 595 ,968 2,824,530
-2,483
1,050 2,309 11,643
1,807 1,696 15,951 20,293 20,269 7,586 -
10,125 7,092 57,764 70,381 67,875 29,867 -
11,771 11,485 93,588 109,061 107,670 51,197 -
8,397 6,041 56,523 58,609 55,081 26,157 -
18,088 15,948 59,658 61,599 58,488 27,698 -
36,216 33,388 205 ,052 205,052 201,725 96,038
-
2,007 ,155 2. 141 ,833 2, 187 ,807 2,731 .176 2, 712 ,250 1 ,303 ,862 14
1,992
4,790 3,719 14,192 40,912 38,487 17,953 .1
765 2,037 1 8,624
2,840 1,641 8 8,807
1942 2:161 5 16,806
2,796 6,905 7 U
152, 061 139 ,396 116 1,183,431
1,638 ' 344
* _6 080
17,278
1,087
. 1 464 :308 -
1,281,211 1461
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
4,158 853 -
492 .1
2,151 1
846 2,775
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry, item
Manufacturing, .. Transportation Equipment, E pt Motor Vehicles Number of returns ................................. .......... Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ... ............................................... Cash, Government obligations, and other current assets ..... Other investments and loans, . ..................... ....... Depreciable assets .......... ................................ Less: Accumulated depreciation ......... .................. Other capital assets less reserves2 . ............. ............ Accounts and notes payable, ............................ .... Other current liabilities .......................... _ .......... Mortgages, notes, and bonds payable in one year or more ........... ........................... I .... ..... Net worth .................................................... Cost of property used for investment credit ....... .......... Total receipts ....... .............. ............ ............ Business receipts ........ ................. .................. Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ............................................... _ Depreciation ................... ..................... ........ Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income .............................................. Income subject to tax .......... ............................. Income tax, total ............................................. Additional tax for tax preferences .......................... Foreign tax credit ............................................ Investment credit ............................................. Work incentive CWIN) credit .................................. Distributions to stockholders except in own stock ............ Manufacturing: Instruments and Related Products Number of returns ...................... ..................... Total assets .................................................. Notes and accounts receivable, net .................... ..... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ D epreciable assets .............................. ............ Less: Accumulated depreciation ............................ Other capital assets less reserves, ........................... Accounts and notes payable~ .................. ............. Other current liabilities ............... ....................... Mortgages, notes, and bonds payable in one year or more ................................ ........... I ..... I .... Net worth ..................... .............................. Cost of property used for investment credit .................. Total receipts ................................................ Business receipts ......... ............................... Cost of sales and operations ................................ Taxes paid ........................ .......................... nt erest paid ~ ...................... .......................... Depreciation .................................................. ~ension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ........... ...................... ;at income ( less de ficit) ..................................... Net income ................................... ............
ncome subject to tax ........................................ ncomeit tax, total ................. ................ .......... Add tonal tax for tax preferences .......................... oreign tax credit .......................... ............ .... nvestment credit . .......................................... Nork incentive (WIN) credit ......... ...... ............ )istributions to stockholders except in own stock ............ 1
Total active corporation returns
3,868 30,790,714 5,296,514 10,399,576 2,466,235 4,566,360 14,411,712 8,102,198 640,311 8 ,583 ,096 3,832,268 5,122,951 11,628,182 1,196,747 40,997,240 39,459 ,389 30,289,714 1,099,393 723 ,369 1,138,527 895,831 435,936 1,288,663 1 ,4 92,374 1,330,354 625,210 490 55,436 100,971 448 374,625
Size of total assets S ~, under $ 0 ,000
assets Z~'._
.8 -
1,735 46,741 7, 339 18,944 8,903 - 1,024 22,690 13,819 '23 20 , 187 4,449
-
8,965
-1,151
' 6,531 -6,521
-9,037
S250,000 under S500,000
870 142,484 27,044 39,248 25,998 7,112 67,634 36,575 -2,288 43 ,432 21,083
397 156,607 32 ,015 47,366 25,764 -5,376 83,809 42,121
'15,916 38,734 10,764 361,661 359,137 245,408 10,172 4,199 9,284
33,218 48,073 6,301 400,938 385,862 282,735 12,205 5,777 6 ,929 1,630 1,305 13,100 21,847 18,097 6,213 -
-1,398 1,953 14,665 12,752
41 ,001 20,688
418
$500,000 $1,00 under 0,000
336 239,840 41,297 56,564 44,721 14,529 158, 411 91,642 10,518 67,993 25,995 46,187 79 ,544 8,269 566,966 558,305 409 ,315 16,636 8,507 11 ,419 1,702 17,585 27,009 22,432 8,647 392 -
'120
6,053 18,791,292 4,252,197 4,353,154 1,711,203 2,658,685 9,405,817 4,361,878 343,563 2 ,468,328 1,837,900
3 -
2,518,054 11,215,006 911,872 23,261,781 22,140, 347 13,583,147 592,630 321,124 786,955 356,171 183,217 1,916,109 2,091,572 2,014,699 946,012 -
-
171,842 67,846 115 540,9871
139,984 139, 766 98,844 3,852 2,255 2,593
S100,000 unde 0,0 r $2 00
3,539 3, 121 2,344 109 259 86 32 39 -679 -
3,028 80,447 14 ,518 15,812 16,740 37,499 20 ,758 '10,691 20, 277 15,035 23,965 177,467 176,232 95,440 5,162 1,275 3 ,682 '1,216 8,871 14,439 '6,061 1,351 '128 '1,7331
1,153 173,489 29 ,782 46,680 36,901 18,797 69,603 36, 043 -2,519 31 , 173 14,951
619 222,356 51 , 360 53,120 28,675 23,471 84,104 45,698
27,796 89,254 7,201 305,383 302 ,046 179,937 10,849 3,164 6 ,164 1,601 16.119 20,506 18,386 4,573 537
S1,000,000 nde S5'U000,000 '
$10,000,000 under S25,000,000
S25,000,000 under $50,000,000
S50,000,000 under $100,000,000
S100000000 U*~dei $250,000,000
$250,000,000 of more
368 759,042 145,799 260, 629 103,426 29,202 381 , 196 197,247 25,758 219,572 79 ,559
59 426,765 84,654 135,645 71,662 10,029 209,612 103,320 10,219 94,234 51 ,529
34 480,317 117,468 143 ,788 36,619 33,423 205 ,286 83,953 10,871 187,007 53, 924
18 680,850 149,572 246 ,714 62,121 54,535 292,446 152,249 14,733 154,477 82,985
12 843,701 167,415 324, 589 109, 998 50,722 270,489 107,006 12,647 269,357 78,412
11 1,774,512 358,695 524,110 115, 734 291,051 659,922 310,599
109,978 307 ,911 31,752 1,475,319 1,448,851 1 ,068 ,952 39,349 19,169 27, 822 8, 617 6,113 82,139 97,094 -88,436 39 , 117 -
65,122 198 ,854 18 ,673 703,464 688,236 482 ,828 20,488 10,524 18,479 7,053 4,909 49,352 55,592 52 ,884 24 ,928 -
91,485 122, 577 19,055 786,590 766,803 610,668 16,308 19,581 19 ,84 0 4 163 5:575 -3,645 29,535 26 ,36 1 12 ,439 -
80,568 340,381 21 ,328 998,645 981,139 713 ,625 31,471 14,099 21,008 14, 900 10 ,626 39,837 61,354 55,104 26, 144 -
145,897 321,442 38 , 105 1,295,628 1,279,511 992,151 30 ,578 23,586 22,378 10,434 11 , 552 63, 249 69,334 69,286 32,846 -
314,777 786,496 43 ,623 2,251,625 2,202,529 1,693,568 66, 880 31,845 51.428
2 ,489 .8
1 ,439 -5 2 ,195 ,
355 1,368 7 4,758
2,182 1,478 25 10,727
300 2,537 38 7,183,
802 2,479 33 16,886
4,219,078 9,375,205 997,934 31 ,961 ,215 30,594,230 23,649,198 850, 303 583,744 946,641 820,217 371,361 978,312 1,024,520 894,892 428,554 490 51.009 87,756 33 329,884
74 479,363 111,674 174,699 43,289 25,483 142,758 60,019 23,802 83,769 47 ,787
49 751,209 186,774 246 ,294 72 ,938 52,704 255,430 112,297 15,383 124,531 68,079
18 684,169 152,661 199 ,824 59 ,349 94,804 226,139 101,180 27,334 109,085 58,643
20 1,334,842 338,567 391 ,462 92,631 213,260 472,061 235,371 20,082 196,301 119,070
17 2,726,015 709,130 817,091 191 , 1 2 7 318 ,224 996,493 483,765 28,067 566,816 248,683
10 10,768,081 2,251,614 1,904,173 994,055 1 ,837 ,794 6,522,958 2,995,042 160,279 895,300 1,076,958
78,242 246 ,578 15,987 656,309 642,532 382,245 18,732 12,631 14,322 4,890 2,882 51,502 63,958 58 ,049 27 ,089
113,727 428, 185 27,387 1,004,846 977,018 579 ,439 28,890 16,085 23,601 8 ,551 5,809 75,022 85,133 76,715 36, 293
129,552 359,859 27 ,400 826,429 793,683 526 ,670 24,107 19,649 19,316 6 ,815 4,226 45,745 54,376 45,529 21 ,612
212,838 769,811 30 ,318 1,733,379 1,685,583 1 ,104 ,824 45 ,948 25,052 30,115 15, 918 13, 658 95,073 109,615 109,259 50,9 23
589,599 1,257,930 8 6,493 3,418,078 3,334,284 2,248,732 83, 023 78,473 92,371 42,4 1 0 43,915 169,389 97,860 ~ 95,330 93,496
1,072,578 7,250,385 641,914 12,011,479 11,161,419 6,554,423 287, 1 98 118,260 534,874
2,514 1,701 21 5 .91
5,538 2,193 42 23 ,500 1
11,764 5 548 23 33,114
2 ,713
527 361 128 106:457 99,845 45,063 10,661 160,025 131 .914 14,235 87,898 36,330
535 1,210,193 299, 660 404,154 130,235 61,242 438,747 189,791
57,689 59,181 10,267 411,087 401 ,790 249,311 10,029 7,127 8 ,449 -4,100 6,958 -2,002 15,894 13,942 3,929 291
52,592 164,160 18,369 699,743 690 ,100 396,423 23,426 6,996 13,974
181,315 565 ,698 43,636 2,014,042 1 ,972 ,539 1,263,359 55,157 32,153 40,001
6,194 4,806 52,907 59,879 54 ,795 21,951 1 ,414
15,239 13,385 102,082 134,237 108 ,687 48,291 -
'936 1
4,8071
-6,616 59,334 25,446
$5,000,000 under S10,000,000
34,555 293,844 126 ,918
'766 2 ,637 '20 10,1811
1 ,273 -3 1 , 8621
2,454 1 , 716 6,6754 1
41,286 408,850 152.825
23,410 21 .070 49.448 83,809 83,461 39,924 -
20 25,239,855 4,165,216 8,601,979 1 ,861 , 289 4,069,357 12,060,217 6 ,963,667 509,518 7.076,986 3,260,819
249,379 84,776 1 ,302,0 80 1.335,675 1,327,946 636,504 148,549 50,408 21 452,206
RETURNS OF ACTIVE CORPORATIONS
Assets-Continued Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total [All figures are estimates based on samples-money amounts are in thousands of dollars] Size of total assets $1000,000 S5,000,000
Total co
Major industry , item
SI under $ 100,000
rporation active returns =4:10, (2)
(1)
(3)
S100,000
$250,000
$500,000
S under 250,000
under $500,000
under $1,000,000
under $5,000,000
(4)
(5)
(6)
(7)
$50,000,000
$25,000,000 under S50,000,000
S10,000,000 under $25,000,000
under $10,000,000
under $100,000,000
(10)
1)
S100,000,000 under S250,000,000
S250000000 01 ' more
(12)
(13)
Manufacturing: Miscellaneous Manufacturing and Manufacturing not Allocable ...
12,516
426
6,393
2,022
1,491
1,052
880
125
74
17
22
7
7
Total assets ...... ........... - . . .. . . . .. . Notes and accounts receivable, net ... ........ ... . .. . . Inventories .................... Cash, Government obligations, and other current assets ..... Other investments and loans, .... ........... . . .. . . . Deprec iab le assets ................... ..... . . .. . . . Less: Accumulated depreciation ...... ..........
13,624 ,110 3,304,605 3,753,721 1,413,911 1,635,394 5, 134 ,840 2,552,397
-
241,708 79,095 K, 016 26,909 7.192 99 ,750 42,819
342,334 103,826 85,722 45,003 22,958 156,406 91,581
534,686 153,605 151 ,624 81,046 18,260 223,697 125,315
745,313 211,577 236 ,393 105,458 35,853 279,562 150,563
1,765,743 507,846 581 , 268 196,000 83 ,831 662,956 355,131
884,639 230,693 270, 117 93,331 75, 384 326,259 152,968
1,123,070 284,778 347 ,634 117,636 70,261 437,055 213,879
606,613 149,549 188,958 62.723 63 ,777 187,737 88,570
1,632,733 401,703 458,755 143,226 244 ,511 561,974 274,129
948,871 250,706 203,329 123,206 67 , 176 287,811 116,051
4,798,400 931,227 1,177,905 417,373 946 , 191 1,909,633 941,391
Other capital assets less reserves' ........ . .. Accounts and notes payable, ........... . . .. . .. . . Other current liabilities . .............. . . . Mortgages, notes, and bonds payable in one year or ...... I ........... I ...... I ............ Net more worth - .... ....................... .. . . ... . . . . .. . Cost of property used for investment credit ..................
304,232 2, 715, 704 1,432,533
-
11,046 65 ,048 35 ,144
12,170 119, 266 23, 468
17,318 167, 120 43,043
17,167 226,448 48,924
32,237 553 ,814 164 , 142
16,835 256,877 82 ,190
27,837 280,864 124 ,394
9,492 99,968 83, 361
23,508 282,223 134,606
34,941 127,757 138,065
101,681 536,319 555,196
33,016 50,722 12,571
39,464 137,326 22,348
61,243 245,537 20,259
110,388 326,263 22,156
202,296 766,483 64,186
119,586 393,449 27,353
208,414 482,533 30,260
130,743 273,388 12,900
243,127 883,183 36,984
197,201 467,766 26,711
1,086,224' 2,366.918 135,337
Total receipts .......... : . - .. - - - - .. Business receipts . ............ . . .. .. .. . . .. . . Cost of sales and operations ...................... . ... Taxes paid ....... .......... .. . . .. . . . Interest paid ...... ........... . .. . . - - .. Depreciation ............. .. . . . . . . .. ...
21,393,453 20,894,333 14,228,739 547,290 451,387 445,132
604,976 601,446 380,669 20,326 6,080 12.427
841,066 835,918 578,703 23,360 9,438 16,353
1,250,345 1,241,913 840,338 31,975 16,177 21,008
1,579,040 1,561,753 1,052,865 42,515 20,583 24,741
3,460,284 3,410,775 2,404,508 84,158 50,213 57,090
1,419,562 1,392,100 954,863 33,706 31,170 31,561
1,642,168 1,608,708 1,101,263 41,096 38,276 36,080
822,727 779,707 511,156 20,323 19,569 14,246
2,081,729 2,035,377 1;297,244 51,791 43,466 42,936
1,221,991 1,182,895 737,442 30,788 32,201 30,451
6,392,647 6,167,458 4,318,950 165,700 183.462 1 57 ,211
Pension, profit-sharing, stock bonus, and annuity plans Employee benefit programs ................ Net income (less deficit) ........................ . . Net income ....................... . ........ Income subject to tax ....................... Income tax, total ....... . ... Additional tax for tax preferences .......
170,679 151,375 924 ,578 1 , 112 ,962 1,009,046 448,458 -
9,806 5,452 37,172 49,085 37,576 9,954
8,472 7 ,036 56,574 68,610 48,523 16,871
23,313 13 ,916 138,838 183,451 169015 73 :430
8,361 5 ,749 75,800 91,723 80,724 37,785
11,969 8, 881 80,988 107,114 103,349 48,909
5,238 2,555 66,164 70,150 64,455 26,517
12,722 14 ,464 130,577 44100 i 40:O78 67,061
7,727 6 ,086 90,131 93,363 89,682 43,099
76.316 79 ,637 255,018 258404 242:571 115,783
2,153 -4 6,985
5,848 1,847 1 9,565
514 636 3 3,874
5,581 2,574 6 19,884
8,327 1,179 1 8,544
12,023 10,604 14 94,399 -
Number of returns ..............
Foreign tax credit .............. . .. . . . Investment credit ..................... . . . . . . .. . . Work incentive (WIN) credit ............. . . . . . . . . . Distributions to stockholders except in own stock .......... .
2 ,431 , 702 6,393,568 412,049
33,536 26,918 209 170,822
76,918 76,283 50,738 1,552 1,028 ' 262 2 ,105 -3,438
-14, 270 113 ,946 11). 0 2 :3,14 "
.1
1 ,035 -
-
5,586 4,739 5,481 24,549 '33 1 4~3 11 ' 376 -2,560
1,290 '10,655 .
555 4,114
1,044 "117 3,466
10,772
Total Transportation and Public- Utilities I .....
80,701
15,588
7,680
4,697
3,716
563
337
146
84
104
209
Total assets ...... .... . - - ... . - .. Notes and accounts receivable , .net . ......... . . . Inventories ......... . ... - .. - .. - . . . Cash , Government obligations , and other current assets ..... Other investments and loans' . ....... . . . . . . . . Depreciable assets .. I ~ .............. I ...... ... ............... . . . Less: Accumulated depreciation ........... .. .
2,638 -
44,939
443,236,797 25,977,578 14 ,177,279 24,310,551 34,796,272 43817 288 111:43 1:814 1
1,630,453 282,376 29,395 281,091 84,457 1,677854 933!895
2,466,175 510,732 55,146 365,845 125,013 2,260,017 1,103,842
2,618,783 499~859 77,003 368,494 170,487 2,653,073 1,393,395
3,194,293 631,774 78,593 478,470 190,570 2,871,227 1,386,588
7,526,107 1,254,707 179,615 1,017,686 468,798 6,622,379 2,758,199
3,874,051 571,223 79,831 458,653 285,650 3,450,511 1,426,353
5,267,373 768,863 135,272 574,660 417,575 4,617,782 1,817,380
5,213,013 639,744 174,334 501,578 371,542 4,775,938 1,762,420
5.988,304 639,282 182,944 442,157 5,118,205 1,719,005
16,308,575 1,490.577 481,865 1,022,064 1,514,352 14,274,795 3,814,753
389,149,670 18,688,441 12,703,281 18,799,853 30,486,247 389,849,507 93,319,984
Other capital assets less reserves' Accounts and notes payable, ...... . . . . . . . Other current liabilities ... ............. Mortgages, notes, and Ito nds Itayable in one year or .. ... .. . . ..... . . .. . . .. ......... Net more worth i - -....... - .... . . . - .. . . . . .. Cost of property used for investment credit ............... .
6,414,238 35,522,556 24,971,631
-
39,219 517,498 88,646
86,890 623,823 137,130
102,316 662,171 157,482
142,285 863,109 220,846
322,418 1,764,342 564,782
225,461 821,289 268,053
258,254 911,165 377,366
226,319 786,089 379,790
213,854 875,023 377,402
378,990 1,855,670 892,135
4,418,232 25,842,377 21,507,999
171 ,680 ,499 176,444 ,407 37,252,126
17,794
390,959 346,606 196,733
532,717 851,937 290,509
634,237 905,874 278,955
885,749 965,634 326,341
2,341,331 2,371,269 764,755
1,186,297 1,333,387 264,967
1,840,981 1,756,892 419,429
1,812,253 1,784,828 311,350
2,410.796 1,880,793 403,418
6,351,582 5,928,752 1,285,786
153,293,597 158,318,435 32,692,089
Total receipts ........ Business receipts ........... . .. . Cost of sales and operations ...... Taxes paid .. .... Interest paid .......... Depreciation ....... ..
243 ,480,637 234 ,689,427 143,932,463 14,927,843 13,761,062 23 ,197,803
2,327 ,372 2, 267 ,877 1,163,127 115,718 75,996 115,016
4,952,134 4,888,546 3,139,058 1158,336 55,633 209,408
5,327,384 5J85,054 3,318,799 213,927 70,403 240,926
4,956,775 4,829,034 3,206,775 204,157 91,260 271,105
5,544,599 5~420.032 3,458,878 233,843 104,359 276,792
10,533,375 10,235,173 6,781,895 442,856 241,817 553,802
4,637-,852 4,502,721 2,970,551 207,017 122,497 253,822
5,306,513 5,134,483 3,257,829 250,169 160,744 328,178
4,961,293 4,773,367 3,159,404 225,439 176,181 304,772
5,184,497 5,049,583 3,487,856 250,232 216,698 304,525
10,376,267 10,034,010 6,89B.562 474,447 536,804 752,580
179,372,576 172.369,547 103,089,729 12,141,700 11,908,670 19,586,877
4,112,789 1,936,875 10 ,099, 571 12 ,088 ,189 11 , 125 ,577 5 , 146 ,272 6 ,320
1,234 7,562 -102,211 32,456 22,064 8, 521 -
6,264 16,633 -9,822 136,566 76,360 16390
23,723 29,576 60,841 196,449 140,123 36703
28,300 31,954 91,438 174,155 128,348 34,680 -
53,372 43,039 112,119 190,862 147,482 49,583 -
92,963 83,975 354,926 499,674 425,458 179,823 '16
52,767 41,324 161,876 243,041 211,970 97,229
56,265 39,454 246,695 311,430 270,330 126,514 28
57,687 58,485 259,221 304,815 287,006 132,363 16
53,487 41,196 153,194 214,945 194,053 90,842 56
97,355 61,765 337,693 543,789 502,455 239,069 29
3,589,372 1,481,912 8,433,601 9,240,007 8,719,928 4,134,555 6,154
1 2,191~ 19 14 61 6'
799
11,031
'39 12,598
31,094
13,4M ,
27,8T1 1
128 19 ,0 11 3 73,706
4,202 18,244 1 73,962
10,280 58,509 51 249,547
99,013 1,991,414 181 8,226,935
Number of returns .......... .. .
Pension , profit-sharing , stock bonus, and annuity plans ...... Employee bene fit pro g rams ...... .. . . . . . . . . . Net income (less de ficit) ....... ........ .. . income ........... Net . ........ I ............... Income subject to tax - - - - Income tax, total ....... . Additional tax for tax preferences Foreign tax credit ............ .. Investment credit .... .... Work incentive (WIN) credit ............. Distributions to stockholders except in own stock
.
. .....
8,9
-
1
S2mple and Limitations of the Data." Footnotes at end of table. See text for "Explanation of Terms" and "Description of the
77,132 1 .
2,639 14,310 -3 37,745 1
2,265 19,677 2 63,152 ,
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total active corporation
Zero
returns
assets
$100 $1 under , 000
(1)
(2)
(3)
S100,000
$250,000
$ unde 250,000
under $500,000
(4)
(5)
1
Size of total assets $1,000,000 S5,000,000
$10,000,000
$25.000,000
$50,000,000
$100.000 000
under S1,000,000
under $5,000,000
$1 under 0,000,000
under $25,000,000
under $50,000,000
under S100,000,000
under' $2 0,000,000
(6)
(7)
(8)
(9)
(10)
(11)
(12)
$500,000
$250.000,000 or more (11)
Transportation and Public Utilities: Transportation Number of returns ............................................
63,644
2,342
36,794
12,000
5,544
3,643
2,525
365
192
91
45
43
60
Total assets ................ ................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ..... ................ ......... Depreciable assets .. ~ ........................................ Less: Accumulated depreciation ............................
105,574,436 11,756,017 3,077,861 9,735,655 14,483,359 92.984,186 32,385,556
-
1,299,071 232,754 15,802 231,932 66,811 1,285,938 698,335
1,879,030 418,351 42,373 307,348 95,666 1,702.972 849,052
1,904,916 401,103 46,328 315,604 119,409 1,973,621 1,104,556
2,466,472 554,498 68,232 393,561 159,162 2,165,109 1,110,780
5,068,898 1,050,761 124,821 786.459 322,089 4,280,334 1,966,098
2,511,968 470,063 56,279 362,001 207,727 2,161,453 1,023,046
2,936,475 580,833 74.208 386.309 240,375 2,545,076 1,150,740
3,268,421 491,970 90,280 364,234 224J35 3,061,155 1,212,518
3,122,054 462,181 116,556 311,319 441,017 2,254,112 835,459
6,414,494 852,654 210,553 522,999 767,989 5,085,043 1,521,390
74,702,637 6,240,849 2,232 ,429 5.753, 889 11,838,979 66,469,373 20,913,582
Other capital assets less reserves! ..... ..................... Accounts and notes payable' ................................ Other current liabilities ... .......... ....... ................. Mortgages, notes, and bonds payable in one year or ........... .......... ... I ................. Netmore worth....... .................................................... ... Cost of property used for investment credit ..................
1,758,326 14,221,376 9,080,892
-
24,266 441,736 73,223
55,436 498,099 116,946
67,293 545,921 124,428
112,295 752,615 178,314
216,204 1,395,482 428,816
130,485 607,452 214,320
127,035 638,335 270,644
128,553 577,991 267,835
127,253 481,238 251,537
97,598 684,309 463,876
671, 908 7.598, 198 6 ,690,953
31,330,338 38,644,289 7,548,560
14,641
276,709 265,533 163,419
407,197 632,061 241.779
395,282 720,542 219,513
629,505 737,063 246,269
1,273,102 1,693,417 525,068
638,989 885,252 164,331
903,072 942,921 246,640
1,121,555 1,031.945 191,867
1,075,481 1,041,494 225,501
2,090,393 2,455,588 423,503
22,519, 053 28,238, 473 4,886,029
Total receipts ................................................ Business receipts .. ~ .......................................... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid .................................................. Depreciation ..................................................
99,491,945 94,280,877 65,225,949 4,581,512 2,936,880 5,932,271
2,256.211 2,200,665 1.112,472 113,786 73,037 113,189
4,294,587 4,239,268 2,792,988 141,737 46,767 170,690
4,579,525 4,448,259 2,895,908 185,298 53,131 200,180
4,315,891 4,207,230 2,868,485 176,700 63,924 216,271
4,887,462 4.791,911 3,117,154 204,623 80,937 223,218
9,006,850 8,750,515 6,007,085 367,780 163,482 417,142
3,829,173 3,718,258 2,523,476 171,653 75,793 178,616
3,944,149 3,822.406 2,530,839 184,622 82,225 209,147
4,019,639 3,879,473 2,689,250 175,436 113,673 218,670
3,638,590 3,533,672 2,526,703 156,739 100,350 180,046
5,075.974 4,844.895 3,584,918 189,116 177,351 274.851
49, 643,894 45.844,325 32,576,671 2,514,022 1 , 906,210 3,530,251
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .......... ....................... Net income (less deficit) ......... ........................... Net income ........ ...................... ......... ...... Income subject to tax ... ..................................... Income lax, total ............................................. Additional tax for tax preferences ..........................
1,122,515 785,890 1,482,375 3,164,673 2,767,798 1,188,369 2,986
1,084 7,493 -106,693 26,017 17,981 6,643 -
2,979 15,199 -10,725 104,720 58,060 12,322
26,416 29,873 80,946 137,562 103,374 28,261 -
49.569 40,466 82,266 145,102 112,049 36,942 -
81,106 78,266 262,329 357,102 305,029 129,536
45,264 38,443 109,527 178,399 153,561 70,856 '21
43,783 34,798 120,083 171,621 149,183 69,919 28
48,358 55,005 167,013 202,585 189,776 86,299 16
43.338 35,935 73,485 126,006 109,281 51,409 56
61,145 41,264 22,593 204,637 1 B3,339 86,921 29
696,232 382,461 625,477 1,352.090 1,274,238 579,031 2,820
Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
42,389 268,091 98 894,952
725 -
4,498 17,727 -
23,241 26,687 56,074 158,832 111,927 30,230 . (4)2
244 10,827
128 10,567 2 41,216
4.136 8,814
8,710 17,375 42 64,421
26,001 160, 158 27 572,938
Number of returns ............................................
8,423
153
3,517
1,814
1,163
665
804
148
88
27
11
15
18
Total assets .................................................. Notes and accounts receivable, net ........ ................. Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............ ...............
123,333,427 4,360,138 3,424,934 7,471,472 9,935,044 121,941,512 26,451,126
-
175,870 34,813
290,531 50,477
30,192 218,527 137,004
32,511 23,233 251,949 133,307
378,864 76,547 11,423 33,749 31,242 288,818 120,961
466,345 49,373 5,291 54,998 19,894 433,315 169,611
1,639,032 132,428 28,531 167,920 107,866 1.522,097 521,340
1,016,532 67,138 18,368 68,306 62,205 960,087 306,018
1,392,639 121,476 18,342 135,351 149,300 1,127,513 406,574
960,526 85,508 31,970 89,930 112,374 676,411 252,234
814,924 28,495 8,707 40,318 170,673 571,323 154,592
2,250,853 130,356 28,313 214,920 478,324 1,468,306 402,758
113,947,291 3,583,527 3,263 ,868 6,603 ,277 8, 773 ,759 114.423 , 166 23,846,727
Other capital assets less reserves' ........................... Accounts and notes payable' ........... .................... Other current liabilities ...................................... Mortgages, notes, and bonds payable in one year or ............................... . ........ ............ Net more worth ....................................... ......... .. Cost of property used for investment credit ..................
1,125,581 4,554,812 6,203,558
-
6,497 52,073 11,046
18,909 53,068 8,378
15,410 57,313 22,052
21,479 71,164 26,694
72,750 210,675 71,099
70,776 130,194 38,484
96,319 151,021 69,929
77,503 85,119 66,907
18,148 67,414 26,472
110,085 221,405 1 17,013
617 ,705 3,455 ,366 5.745 ,484
48,750,895 53,749,436 12,099,739
-
55,246 25,613 8,465
59,180 106,926 25,123
134,754 52,274 23,140
183,440 141,452 62,297
844,233 416,708 187,214
457,520 316.035 78,008
632,460 449,701 115,848
338,547 417,634 66,964
483,773 203,404 73,173
905,308 907,748 183,492
44 ,656 ,434 50 ,711 ,941 11,275,458
Total receipts ................................... . ...... .. Business receipts ....... ....................... . ......... . Cost of sales and operations ................................ Taxes paid .... ............................... ........... .. Interest paid ........ ................. ......... . .. .... . . Depreciation ....... ..........................................
55,155,014 54,162,888 26,119,078 3,460,912 3,602,364 8,393,476
28,744 25,025 ' 14,126 985 1,279 1,181
357,663 352,407 192,552 15,299 6,550 20,588
362,070 354,929 181,759 16,809 9,836 19,479
351,858 337,126 181,122 16,719 15,756 22,783
349,281 329,721 142,095 16,323 16,788 34,258
896,358 873,285 359,500 45,648 56,063 96,355
477,099 458,923 194,222 26,400 36,144 61,051
798,789 761,323 354,515 37,407 51,083 79,662
477,932 448,108 190,558 25,066 33,154 51,730
252,548 235,840 84,722 14,508 42,011 44,689
971,247 908,360 427,629 41,776 89,292 117,182
49 ,831 ,425 49 ,077 ,841 23 ,796 ,278 3,203 ,972 3 .244 ,408 7.844.518
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............. I ... I ..... ... I ..... Net income (less deficit) ..................................... Net income .................................. ............. Income subject to tax ........................... I ............ Income tax, total ... .................. ......... .. .... . . . Additional tax tot tax preferences ....................
2,118,614 779,472 3,548,478 3,741,247 3,592,457 1,717,169 -
'130 ' 21
1,165 -10,035 16,832 10,925 2,422 -
1,542 -5,960 16,901 10,841 2,291 -
2,525 1,564 8,679 22,323 18,409 6,295 -
6,322 2,655 42,416 51,795 46,181 20,786 -
7,407 3,040 82,938 91,872 75,535 35,340 -
4,247 1,439 56,962 66,185 62,277 29,358 -
1,618 1,408 11,346 16,723 15,885 6,633 -
8,319 5,590 57,344 80,696 76,522 36,231 -
2 ,078 ,578 756 ,604 3 ,243 ,019 3 ,254,653 3 ,174 ,733 1.536,875
Foreign tax credit ............................... . .. ....... Investment credit ................. Work incentive (WIN) credit ............................... .. Distributions to stockholders except in own stock ............ 1
32.650 1,047,965 94 2,856,1941
-
270
5,568 1 15,512
4,842 1 15,633
-
' 217
1,155 -
8,282 3,898 65,596 102,202 89,276 37,878 .8
2,454
1,556 7,464
5.21ii3
18,573,
31 .086 1 ,012,690 92 2,771,291
7,009 5,607
8,511 11,0231
39 1039
20,843
10,755 -
59,822
8,625 -3 25,272 1
34,1301
27,364 -
Transportation and Public Utilities: Communication
' 4,963
T 71
-7,065 16,102 9,266 1,878 -
'3 T 2 1
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
- 4,6;5 1
1,377 2,7981
7,396 11,3831
(1)
* 4,522 9,8721
CA
ID
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Size of total assets $1,000,000 $5,000,000
$10,000,000
$25,000,000
$50,000,000
S100,000,000
under $1,000,000
under $5,000,000
under $10,000,000
under $25,000,000
under $50,000,000
under $100,000,000
under $250,000,000 ,
(6)
(7)
(8)
(9)
(10)
(11)
Total Major industry, item
active corpora tion returns
Ze ro assets
$1 under $100,000
(1)
(2)
(3)
$100,000
$250,000
$500,000
under 250.000
under $500,000
(4)
(5)
_
(12)
$250,000 ,000 or more (13)
. Trans
ortat on
and
Public
Utilities:
Ele4ctric' Gas, and Sanitary
Services
Number of returns ............. ........................... ..
8,634
4,628
1,774
973
369
387
50
57
28
28
46
131
Total assets ........................................... ..... Notes and accounts receivable, net .......................... Inventories .......................... ...... _... - - .... - Cash, Government obligations, and other current assets ..... Other investments and loans, ................... .......... . Depreciable assets .................... ...... .... . . .. . . Less: Accumulated depreciation .. ............. . . . .... .
214,328,934 9,861,423 7,674,484 7,103,424 10,377.869 223,245,590 52,599,132
-
155,512 14,809 -6,811 18,967 11,472 173,389 98,556
296,614 41,904 9,434 25,986 -6,114 305,096 121,483
334,983 22,209 19,252 19,141 19,836 390,634 167,878
261,476 27,903 5,070 29,911 11,514 272,803 106,197
818,177 71,54 26,263 63,307 38,843 819,948 270,761
345,551 34,022 5,184 28,346 15,718 328,971 97,289
938,259 66,554 42,722 53,000 27,900 945,193 260,066
984,066 62,266 52,084 47,414 35,033 1,038,372 297,668
2,051,326 148.606 57,681 90,520 69,891 2,292,770 728,954
7,643,228 507,567 242,999 284,145 268,039 7,721,446 1,890.605
200,499,742 8,864.065 7.206,984 6,442,687 9,873,509 208,956,968 48,559,675
Other capital assets less reserveV ............... ...... . . Accounts and notes payable' ... ........ ...... .. . . ..... Other current liabilities ............................... . ..... Mortgages, notes, and bonds payable in one year or more ................... ... . .. . . .. .. ... .......... Net worth .................................. ... .. . ...... Cost of property used for investment credit ............... ..
3,530,331 16,746,368 9,687,181
-
8,456 23,689 4,377
12,545 72,656 11,806
19,613 58,937 11,002
8,511 39,330 15,838
33,464 158,185 64,867
24,200 83,643 15,249
34,900 1 21,809 36,793
20,263 122,979 45,D48
68,453 326,371 99,393
171,307 949,956 311,246
3,128.619 14,788,813 9,071,562
91,599,266 84,050,682 17,603,827
'2,596
59,004 55,460 24,849
66,340 112,950 23,607
104,201 133,058 36,302
72,804 87,119 17,775
223,996 261,144 52,473
89,788 132,IGO 22,628
305,449 364,270 56,941
352,151 335,249 52,519
851,542 635,895 104,744
3,355,881 2,565,416 678,791
86,118,110 79,368,021 16,530,602
Total receipts ........................ .. ... .. . .. . . . .. Business receipts ............. t ......................... . ... Cost of sales and operations ............................. .. Taxes paid .................... .... ... - - - .. .. Interest paid ....................... ..... .. . . .. . .... ... Depreciation ................................... .. .. ... .
88,833,678 86,245,662 52587,436 6:885,419 7,221,818 8,872,056
'42,417
299,884 296,871 153,518 11,302 2,316 18,130
385,789 381,866 241,132 11,820 7,436 21,267
289,026 284,678 157,168 10,738 11,580 32,051
307,856 298,400 199,629 12,897 6,634 19,316
630,167 611,373 415,310 29,428 22,272 40,305
331,580 325,540 252,853 8,964 10,560 14,155
563,575 550,754 372,475 28,140 27,436 39,369
463,722 445,786 279,596 24,937 29,354 34,372
1,293,359 1,280,071 876,431 78,985 74,337 79,790
4,329,046 4,280,755 2,886,015 243,555 270,161 360,547
79,897,257 77,447,381 46,716,780 6,423,706 6,758,052 8,212,108
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ........ .......... I .............. Net income (less deficit) ...................... ...... .. . . Net income ....................... . ...... . .. - .. .. Income subject to tax ..... . . .. . .... .. .. ... ... Income tax, total .... ................. ... .... - Additional tax for tax preferences ............. ......... ..
871,660 371,513 5,068,718 5,182,269 4,765,322 2,240,734 3,334
'216
964
3,575 1,811 27,001 40,370 31,153 12,409 -
1,181
1,009 21,174 23,437 17,024 6,346 -
9,933 12,847 12,228 5,587 -
5,075 1,616 43,674 47,937 45,612 21,255 -
5,082 2,D41 35,246 36,045 34,953 16,706 -
8,531 3,853 68,363 72,216 68,887 32,8CO -
27,891 14,911 257,756 258,456 242,594 115,917 -
814,562 342,847 4,565,105 4,633,264 4,270,957 2,018649 3:334
Foreign tax credit ...................... ....... . . ... . - Investment credit .................... .. . . ..... . .... . . Work incentive (WIN) credit .......... ........ .... . . . ... Distributions to stockholders except in own stock ............
44,427 874,011 77 1 5,149,207
1,163 -
2,021 3,282 -
3,602 -
13,510
16,857
66 6,976 1 41.330
14 33,670 9 166,553
41,926 818.566 62 4,882,706
Total Wholesale and
1,680
-1,244 * 1,476 -1,476
'64 -
7,968 15,744 9,034 2,190 -
14,802 20,785 17,271 4,051 -
-
-
363 -
1,023 -
16,452 19,692 14,133 4,128 -
-
1,365
1,082 -
-
2,855 -5 5,927
Retail Trade 614,632
16,871
308,165
131,718
74,507
45,429
32,870
2,750
1,394
456
247
14l
84
Total assets ...................... . .. . . . .. . . . . . . Notes and accounts receivable, net .................. _ - ... Inventories ....... ........ ... ...... ... - . . .. . Cash , Government obligations, and other current assets ..... Other investments and loans' .......... ........ ..... .. . . Depreciable assets .......... Less: Accumulated depreciation ..... ....
323,496,726 84,688.034 104,245,065 35,329,135 25,565,571 98,210,709 42,483,099
-
12,056,659 1,772,380 4,121,734 2,019,104 575,212 5,497,195 2,873,437'
20,981,211 4,115,012 7,444,119 3,119,558 1,061,225 7,521,870 3,575,003
26,307,266 5,970,163 9,601,138 3,599,635 1,216,313 8,612,329 4,162,925
31,573,021 7,575,028 12,409,543 3,648,321 1,580,429 9,151,515 4,330,953
62,942,866 .16,411,719 23,894,980 .6,583,520 3,488,032 17,281,119 7,802,447
18,905,165 5,330,616 6,309,187 1,898,605 1,289,342 5,216,069 2,188,733
21,182,732 6,042,180 6,927,507 2,185,792 1,672,389 5,261,192 2,104,700
15,960,203 4,211,503 5,149,716 1,714,043 1,348,011 4,357,559 1,762,147
16,824,077 4,172,438 4,750,499 1,757,532 1,839,782 5,017.831 1,939,353
21,659.271 5,013,772 6,478,374 2,161.393 2,297,998 7,086,099 2,915,311
75,104,255 24,073.223 17,158,268 6,641,632 9,196,838 23,207,931 8,828,090
Other capital assets less riiser4 .................. Accounts and notes payable' ......... ..... - - Other current liabilities ...................... . . . . Mortgages. notes, and bonds payable in one year or ..... more ........... ................................ Net worth ............ .... .... .. . . .. ... Cost of property used for investment credit .............. ...
9,196,401 114,783,555 25,095,266
-
301,899 3,711,934 921,724
628,896 6,378,758 1,352,840
807,405 8,968,272 1,787,918
869,573 12,180,332 2,189,290
1,852,175 25,645,6B4 4,416,366
579,181 7,213,306 1,311,074
604,711 7,879,083 1,427,491
475,244 5,618,126 1,236,777
603,462 5,252,670 1,278,966
617,122 6,269,944 2,004,196
1,856,733 25,665,546 7,168,624
42 ,295 ,119 122,649,734 10,220,409
29,154
1 ,670,679 3.615,762 622,141
2,901,574 8,316,895 807,333
3,226,927 10,456,780 930,274
3,463,944 12,045,298 922,022
6,746,889 23,571,978 1,841,445
2,196,509 7,503,629 695,6.62
2,499,479 8,562,253 590,175
2,125,070 6,374,630 442,334
2,624,003 6,840,558 491,946
3,100,935 9,290,573 635,055 .
11,739.110 26,081,388 2,212,868
Total receipts ..... ..... . Business receipts Cost of sales and operations .............. . Taxes paid ........ . . .. . . .. .. . .. . . Interest paid ........ ... . . .. . Depreciation ....... .. .... ..
. . . . . .. . . . .. . ... . .
969,938,872 951,463.550 745,299,204 13,835.511 8,587,173 8,717,279
6,691,201 6,566,699 5,073,571 85,902 42,034 41,990
52.224,695 51,603,612 34,150,397 1,151,417 263,270 610,5013
68,461,234 67,665,850 48,050,067 1,258,376 475,905 736,814
88,428,571 87,108,934 66,229,542 1,369,172 605,393 807,118
104,330,509 102,774,870 80,541,138 1,436,261 800,555 841,256
201,900,719 198,426,329 159,959,738 2,711,341 1,635,307 1,576,093
54,183,151 53,161,568 42,995,424 694,414 480,714 475,550
60,444,664 59,305,076 48,284,101 732,905 527,801 476,173
46,433,698 45,489,269 36,804,279 730,931 376,729 364,463
48,276,158 47,371.563 38,281,084 544,247 432,315 449,019
66,003,204 64,866,249 52,525,256 795,249 488,553 598,229
172,561,068 167,123,531 132,404,607 2,325.296 2,458,597 1,760,066
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............. I ................... Net income (less deficit) .............. .. .. . . . .... . .. Net income ........... .. . .. . .. .. .. ... ..... . - Income subject to tax .................................. I ..... Income tax, total . ........... .. .... . . .. . . .. Addfional tax for tax preferences ............ ..... . . .
2,783,253 1,785,778 22,489,430 27,681,721 19,807,361 8,131,078 915
11,784 5,938 123,752 245,979 162,538 70,685 -
105,081 83,369 109,979 1,146,353 575,939 123,665 --
172,428 102,467 1,250,072 1,884,016 1,323,853 323,568 -
280,B59 135,399 1,803,900 2,271,353 1,562,272 429,874 (1)
344,055 167,204 -2,257,510 2,652,864 1,927,410 650,069
61 1,643 319,601 4,975,922 5,659,328 4,365,056 1,842,377
151,626 82,757 1,684,015 1,905,728 1,355,253 625,716
141,728 100,626 2,095,705 2,339,660 1,452,796 684,029 141
116,884 91,090 1,527,959 1,678,BD8 1,202,807 570,429 116
107,988 100,176 1,410,820 1,617,576 998,913 476.727 71
163,286 159,308 1,948,138 2,092,863 1,452,376 694,093 286
575,891 437,843 3,301,658 4.187,193 3,428,148 1,639,846 97
Foreign tax credit . ....... investment credit . ..... .... .. .... Work incentive (WIN) credit ....... .. .... . . . .. . . . . Distributions to stockholders except in own stock ............
210,901 570,930 628 5,029,897
1,774 158,708
90 10,664 * (1) * 234,324
5,764 32,016
7,966 36,988
8,784 34,218
(1) , 191,055
296,763 40 1
516,058 36 1
260,5 139 61
4,931 33,391 16 258,159
31,968 48.793 82 484,197
143,253 169,135 64 1,180,692
Number of returns ....... .... .... .. I .....................
Sample and Limitations of the Data." Footnotes at end of table. See text for "Explanation of Terms" and "Description. of the
107 26,750
36,493 3""" -
2,515 43,329 149 376,595 1
3,207 97,379 120 744,829 1
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
Size of total assets
active corporation returns
Zero assets
$1 under $100 , 000
$100,000 under $250 '000
$250,000 under S500,000
(1)
(2)
(3)
(4)
(5)
$500,000 under $1,000,000 (6)_
$1,000,000 under $5,000,000
S5,000,000 under S10,000,000
(7)
S10,000,000 under S25,000,000
$25,000,000 under $50,000,000
$50,000,000 under S100.000.000
S100,000 000 under' S250.000,000
$250 .000, 000 or more
(9)
(10)
(11)
(12)
(13)
Wholesale and Retail Trade:
Total Wholesale Trade
Number of returns ............................................
46,057
32,462
23,346
19,291
1,859
992
296
144
81
43
162,455,039 52,715,552 48,831,144 18,621,652 14,926,502 35,498,190 15,487,661
6,192 -
89,006
Total assets ............... .... __ ..................... Notes and accounts receivable, net .......................... Inventories .............................................. .... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ................... ................. Less: Accumulated depreciation .................. .........
3,271,615 859,690 840,663 645,873 186,258 1,116,033 576,504
7,606,900 2,291,804 2,248,511 1,199,970 388,555 2,151,399 1,035,788
11,489,100 3,614,555 3,548,883 1,690,696 505,366 3,237,086 1,612,276
16,395,922 5,117,199 5,786,285 1,932,921 833,324 3,981,637 1,912,819
37,746,120 12,225,488 12,832,183 4,070,779 2,214,013 9,147,217 4,212,289
12,890,237 4,215,563 4,283,460 1,246,092 938,762 2,858,690 1,235,113
15,021,412 5,054,207 4,861,635 1,501,548 1,258,914 2,656,914 1,067,818
10,372,396 3,474,624 3,198,292 1,106,546 877,565 1,943,871 781,019
9,515,440 3,178,466 2,641,149 949,285 1,035,830 1,866,084 767,633
12,232,926 3,795,519 3,634,768 1,219,965 1,445,594 2,323,574 B75,883
25,912,971 8,888,437 4,955,315 3,057,977 5,242,321' 4,215,685 1,410,519
Other capital assets less reserveV ............. - ........... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or m re .... .......... ...... ... - - ~ ............. .... Net worth . ...... ................. .......................... Cost of property used for investment credit .... .........
3,353,070 65,084,290 11,161,407
-
52,959 1,119,779 292,817
169,625 2,605,741 466,262
284,745 4,026,326 782,069
331,766 6,431,911 1,176,870
833,172 15,185,049 2,580,359
278,950 5,157,824 845,432
318,281 6,182,516 861,777
248,751 4,306,799 765,489
296,885 3,602,500 571,448
226,127 4,342,262 1,203,035
311,809 12,121,583 1,615.849
16,471,155 62,587,744 4,614,562
18,144
372,601 1,019,730 181,441
774,981 3,076,831 276,765
1,077,113 4,913,796 428,168
1,478,753 6,443,063 502,746
3,427,171 15,011,435 1,127,328
1,215,012 5,278,491 356,037
1,509,638 5,907,552 345,130
1,158,873 3,815,953 230,602
1,261,535 3,707,298 189,013
1,258,122 5,005,070 258,563
2,937,356 8,408,525 700,625
Total receipts ........................ ...... ................ Business receipts ................. ........................... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid .................................................. Depreciation .. ~ ...............................................
510,013,041 501,987,778 421,471,971 5,514,638 4,063,856 3,250,408
4,553,486 4,482,769 3,651,790 35,810 23,838 13,709
15,602,577 15,304,965 10,663,310 236,436 66,560 151,763
27,932,348 27,592,999 21,044,381 418,773 141,602 232,095
41,564,591 40,934,415 32,515,474 566,688 194,596 333,386
55,234,251 54,518,810 43,832,501 725,056 326,556 396,009
117,759,247 115.940,728 95,307,765 1,574,008 814,398 825,592
37,549,928 36,957,176 30,981,153 441,365 301,652 258,821
42,877,507 42,196,538 35,883.104 421,969 381,942 242,230
29,231,525 28,663,851 24,612,909 444,557 261,973 168,651
28,087,324 27,636,083 24,359,618 166,474 248,496 159,719
37,848.840 37.273,616 33,092,364 228,617 290,300 182,853
71,771,417 70,485,828 65,527,602 254,885 1,011,943 285,580
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ... .............................. Net income (less deficit) ..................................... Nei income .......... .................... .......... Income subject to tax ........... ................. .......... Income tax, total . ~ ........................................... Additional tax for tax preferences ..........................
1,404.340 652,735 13,928,520 16,108,821 9,890,751 4,071,265 756
7,906 2,532 119,952 169,349 103,498 45,983 -
60,091 27,779 109,198 412,519 189,608 41,324 -
90,490 38,106 526,662 771,772 502,984 118,165 -
161,255 60,625 980,758 1,171,060 752,489 207,361 -
216,662 78,023 1,370,725 1,590,990 1,112,826 382,833 -
402,301 162,848 3,562,498 3,936,825 2,860,252 1,215,974
109,609 48,335 1,307,268 1,457,222 952,743 440,413 -
95,390 58,745 1,643,542 1,812,752 955,511 448,919 120
63,200 46,491 1,032,988 1,123,466 681,318 322,223 116
50,228 31,741 974,406 1,036,662 444,498 211,991 57
71,069 45,441 1,229,865 1,307,568 702,745 334,106 286
76,139 52,069 1,070,658 1,318,616 632,279 301,973 76
Foreign tax credit . . ~ ......................................... Investment credit .................... ........................ Work incentive (WIN) credit ......................... . . . f Distributions to stockholders except in own stock ............
129,934 238,074 321 3,103,088
1,165 -
10,888 -
112,871
3,603 73,018
16,814 '25 171,352
239,563
5,752 18,841 19 257,154
6,576 19,339 18 475,622
7,778 17,060 6 199,493
2,287 11,094 4 194,798
30,952 17,251 53 370,784
69,748 38,318 3 319,375
20,418 14,396,743 4,480,059 3,999,058 1,702,752 951,190 4,844,302 2,210,898 296,751 5,574,160 1,264,028
563 -
8,491 373,023 102,369 61,165 61,852 20,771 183,396 89,298 7,979 105,433 38,748
4,353 718,450 231.312 110,014 131,006 70,470 292,080 149,142 15,469 261,368 34,064
2,871 1,028,047 404,748 181,188 166,556 49,272 347,667 160,641 22,542 427,059 81,065
2,053 1,401,259 563,454 291,749 166,076 77,267 488,572 252,453 24,070 569,222 105,525
1,725 3,481,873 1,245,828 974,046 384,604 162,285 1,130,986 551,293 82,209 1,443,367 247,500
186 1,285,032 410,756 384,349 137,980 99,318 396,134 181,003 24,422 519,687 92,357
Ill 1,720,113 458,428 590,989 163,755 100,658 566,307 230,108 37,540 711,190 142,042
34 1,180,100 330,669 359,456 137,027 78,217 375,094 141,766 24,973 441,328 125,415
18 1,152,406 292,268 380,795 168,483 84,823 346,502 155,581 20,159 457,619 129,244
13 2,056,440 440,227 665,307 185,413 208,109 717,564 299.613 37,388 637,887 268,068
-
1,770,694 4,989,214 578,267 86,123,173 85,227,317 75,261,861 567,710 340,676 453,517 181,688 115,723 1,038,131 1,183,987 938,280 392,557 45 679 33,267 4 141,1921
1,830 402,216 399,540 346,160 5,699 2,248 1,848 '685
56,137 134,937 27,943 3,139,820 3,122,888 2,368,784 33,927 10,708 22,908 -4,217 8,098 15,018 39,837 15,097 3,049 -
74,190 282,948 37,590 4,716,536 4,682,986 3,898,325 41,200 12,236 36,348 10,439 3,474 52,461 72,063 45,221 11,724 -
89,500 376,114 61,662 6,900,773 6,879,494 5,910,532 47,087 16,461 35,865 17,603 7,456 71,337 91,719 68,416 19,233 -
144,250 505,015 62,762 9,101,228 9,038,543 7,843,328 56,701 33,830 53,001 24,626 11,951 103,264 121,872 80,996 27,327 -
395,657 1,265,265 133,040 18,870,423 18,704,196 16,386,408 154,646 72,782 96,707 44,718 23,850 286,143 316,749 252.163 107,100 -5
260,230 524,808 54,409 9,745,539 9,618,336 8,727,941 49,472 42,972 47,373 16,877 14,641 104,034 113,870 104,437 48,982 -
1 ~ JT4 849 1
2,3T9 6,010
3,195 14,8441 -
8,126 34,1541 -
172,874 365,275 40,893 7,372,007 7,261,288 6,655,419 38,949 29,956 31,414 11,055 10,370 89,439 92,167 78,176 36,168 2 3,064 2 10,114
179,785 309,474 24,001 7,285,009 7,179,381 6,526,430 36,593 39,147 30,999 11,101 8,447 65,503 69,504 45,559 21,712 -
90 9,39-6 1
132,514 484,253 43,432 7,272,212 7,190,496 6,444,249 42,196 29,256 32,154 15,893 7,976 99,988 108,685 95,204 43,854 27 2,706 18,7631
265,557 741,125 90,705 11,317,410 11,150,169 10,154,285 61,240 51,080 64,900 22,474 19,196 145,896 145,896 144,328 69,353 38 7,015 1 19,784
-
Wholesale and Retail Trade: Wholesale Trade: Groceries and Related Products Number of returns .............. - ........... ............... Total assets ..................................... . . . .. . Notes and accounts receivable, net .......................... Inventories ............. .......... .......................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................ Other capital assets less reserves' ........................... Accounts and notes payable, ................................ Other current liabilities ................................... . . Mortgages, notes, and bonds payable in one year or more .......................................... ... ... ... Net worth .......... ................................... . . . Cost of property used for investment credit .................. Total receipts ................ .... ...... . ...... . ... .. Business receipts ............................. . ... ... ... Cost of sales and operations ................ ............... Taxes paid .............................. . . . . . .. . . . Interest paid ........................................ .. ......Depreciation .. ~ ................... .... . . .... Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............................ . ... Net income (less deficit) ............ .................... ... Net income ........................... .... . - Income subject to tax ...... - ........... .. .. . . . . . Income tax, total ........... . . . .. . . ... - - - .. ... Additional tax for tax preferences .......................... Foreign tax credit ....................... . .. - - - .. .. Investment credit ......................... .. . . . - - _. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............ 1
219,769
5,048 11,625 8,683 4,055 5,270 1
Fcoitnotes a[ end of table. See t-t for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
86,901 1
-2,412 24,634
3,183 59,067 95 602,1571
71 3,273 6,737
581 1,555 1 4,271
(D T
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
Size of total assets
active corporation returns
Zero assets
$1 under $100,000
$100,000 under $250,000
1250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5.000,000 under $10,000,000
$10,000,000 under $25,000,000
$25.DOO,000 under $50.000,000
$50.000~000 under $1 00,0W,000
SIOO,DOO 000 under' $250 '000,000
$250 ,000,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
n
(10)
(11)
(12)
(13)
Wholesale and Retail Trade: Wholesale Trade: Machinery, Equipment, and Slupplies Number of returns ... ........................................
46,455
790
18.784
9,669
7,275
5,588
3,754
310
177
63
28
11
6
Total assets ......... ........................................ Notes and arcounts.receivable, net .......................... Inventories .......... ................................... I. 1. 1. Cash, Government obligations. and other current assets ..... ' Other investments and loans, ............................... 1 Depreciable assets ........................................... Less: Accumulated depreciation ............................
28,743,462 9,080,685 10,462,462 2,817,667 2,053,531 5,312,235 2,271,619
-
665,840 196,700 180,776 115.424 32,71:2 195,642 101,609
1,582,707. 471,337 540,184 244,172 54,375 381,343 179,438
2,576,119 733,089 1,006,667 382,642 83,954 539,559 256,550
3,888,889 1,012,382 1.802.541 396.740 166,846 708,920 313,078
7.195,303 2.083,931 2,979,154 691,243 306,279 1,497,743 650,919
2,208,915 725,311 797,293 165,560 152,512 447,808 183,022
2,719.014 975,662 946,566 217,730 183,441 442,279 159,341
2,187,430 766,336 772,346 125,421 167,397 373,848 138,555
1,871,179 714,347 615,520 109,48 186,191 243,701 98,998
1,457.338 535,413 286,756 163,429 213,289 143,362 41,720
2,390.728 866,177 534,659 205,818 506,535 338,0,30 148,389
Other capital assets less reserves' ........................... ... Accounts and notes payable3 ................ ... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or N more ....................................................... at worth .................................................... Cost of property used for investment credit ..................
429,522 10,617,545 2,002,140
-
12,7213 273,88:2 66,2213
31,591 579,045 97,796
31,737 938,673 188,410
42,928 1,619,208 293,026
125,705 2,903,778 525,466
29,991 833,865 142,178
39.340 1,034,334 166,789
39,922 778,874 149.801
27,647 545,789 92,586
20,700 322,941 176,186
27,233 787,156 103,674
2,926,167 12,068,807 906,627
3,258
79,131 147,037 31,10:3
144,074 642,962 65,648
221,753 1,053,168 87,808
321,586 1,481,710 115,663
711,135 2,790,808 249,732
260,540 909,120 82,417
290,621 1,148,939 101,459
261,408 952,858 67.490
227,959 979,705 31,338
121,222 775,877 13.986
286,738 1,186.623 56.525
Total receipts ................................................ Business receipts ................... __ ...................... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid .................................................. Depreciation ..................................................
62,649,787 61.147,976 45,709,071 719,697 676,498 645,244
495,491 488,493 308,549 9,658 3,436 2,146
2,442,911 2,374,450 1,497,514 37,884 14.692 30,130
4,675,291 4,602,151 3,179,742 72,098 29,963 49,884
6.937,398 6,781,834 4,977,450 92,748 42,418 67,259
9,827,346 9,617,102 7,268,826 122,007 70,702 87,272
16,288,368 15,888,595 11,992.321 194,742 174,049 183,251
3,739,120 3,620,072 2,688,030 42.836 67,147 56,136
4,654,527 4,511,414 3,337,718 47,357 85,603 57,090
3,478,101 3,375.313 2,464.594 40.789 58,105 42,660
3,038,807 2.965,653 2,193,143 27,308 45,309 23,412
1,776,860 1,722,438 1,220,799 17,690 19,165 14,622
5,295.567 5,200,461 4,580,385 14,580 65.909 31,382
Pension, profit-sharing, stock bonus, and annuity plans . . ~ ... Employee benefit programs ................. ............ Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ...... : ............... ................. Income tax, total ............................................. Additional tax for tax preferences ..................... ....
283,856 116,398 3,844,840 4135,716 2:142,782 872,433 '20
386 40,410 46,989 9,232 4,106 -
18,000 4,548 53,959 101,978 48,435 10,296 --
25,327 9,353 127,941 178,041 109,716 23,367 -
33,801 14,399 276,597 304,441 173,982 46,217 -
50.508 19.185 398,266 438,849 311.592 108,845 -
80,104 30,178 839,076 893,648 603,923 259,387
16,865 5,966 257,301 277,868 153,959 71,301 -
17,889 9,038 459,827 482,679 206885 98:113 -
16,284 11,931 341,545 350,606 174387 83:460 -
15,609 7,694 392,921 395,030 158,528 75,646 -
5,386 2,352 276,488 282,472 70,639 33,370 -
3.839 1,368 380,509 383,115 121.504 58,325 -
Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
11,350 47,213 75 814,6541
72:1
2,440
3,457
19,671 -
27,787
58,899
1,008 6,005 (1) 1 49,880
1,094 12,284 33 108,879 1
566 3.329 -3 52,822
405 5,493 2 115,372
1.442 4,996 2 44,172
119 2,707 3 48,624
3,740 1,027 7 76,762
2,976 4,604 150,000
(1) 148 '61,786
Wholesale and Retail Trade: Wholesale Trade: Miscellaneous Wholesale Trade Number of returns ... .........................................
152,896
4,839
61,731
32,035
22,316
15,705
13,812
1,363
704
199
98
57
37
Total assets ..................... ............................ Notes and accounts receivable, net .......................... Inventories ...................................... ...... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ......................................... Less: Accumulated depreciation ...........................
119,314,834 39,154,808 34,369,624 14,101,233 11,921,781 25,341,653 11,005,144
-
2,232,752 560,621 598,722 468,597 132,775 736,995 385,597
5,305,743 1,589,155 1,598,313 824,792 263,710 1,477,976 707,208
7,884,934 2,476,718 2,361,028 1,141,498 372,140 2,349,860 1,195.085
11,105,774 3,541,363 3,691,995 1,370,105 589,211 2,784,145 1,347,288
27,068,944 8,895,729 8,878,983 2,994,932 1,745,449 6,518,488 3,010,077
9,396,290 3.079,496 3,101,818 942,552 686,932 2,014,748 871,088
10,582,285 3.620,117 3,324,080 1,120.063 974.815 1,648,328 678,369
7,004,866 2,377,619 2,066,490 844,098 631,951 1,194,929 500,698
6,491,855 2.171.851 1,644.834 671,314 764,816 1,275,881 513.054
B,719.148 2,819,879 2,682,705 871,123 1,024J96 1,462.648 534,550
23.522,243 8,022,260 4,420,656 2,852,159 4,735,786 3,877,655 1,262,130
Other capital assets less reserves~ ............ - ............ Accounts and notes payable, ................................ Other current liabilities ................. ..................... Mortgages. notes, and bonds payable in one year or . more ........................ .............................. Net worth ......................................... . ... Cost of property uged for investment credit ..................
2,626,797 48,892,585 7,895,239
-
32,252 .740,464 187,841
122,565 1,765,328 334,402
230,466 2,660,594 512.594
264,768 4,243,481 778,319
625,258 10,837,904 1,807,393
224,537 3,804,272 610,897
241,401 4,436,992 552,946
1 B3,856 3,088.597 490,273
249,079 2,599,092 349,618
168.039 3,381,434 758,781
284,576 11,334,427 1.512,175
11,774,294 45,529,723 3,129,668
13,056
237,333 737,756 122,395
556,717 2,150,921 173,327
765,860 3,484,514 278,698
1,012,917 4,456,338 324,321
2,320,379 10,955,362 744,556
821,958 3,885,118 230,188
958,787 4,233,805 189,262
724,591 2,497,820 122,219
853,791 2,418,11 9 133.674
871,343 3,488,068 153,872
2.650,618 7,221,902 644,100
Total receipts ................................................ Business receipts ................... .... .. ... .. .. . . Cost of sales and operations ................................ Taxes paid ................................... . .. . . . .. Interest paid ..... ................ ..................... Depreciation .......................................... . . .
361,240,081 355,612,485 300,501,039 4,227,231 3,046,682 2,151,647
3,655,779 3,594,736 2,997,081 20,453 18,154 9,715
10,019,846 9,807,627 6,797,012 164,6251 41,160 98,725
18,540,521 18,307,862 13,966,314 305,475 99,403 145,863
27,726,420 27,273,087 21,627,492 426,853 135,717 230,262
36,305,677 35,863,165 28,720,347 546,348 222,024 255,736
82,600,456 81,347,937 66,929,036 1,224,620 567,567 545,634
26,538,596 26,146,608 21,648,874 356,333 205,249 170,531
28,477,441 28,066,788 23,817,445 325,140 253,367 137,767
18,381,417 18,027,250 15,492,896 364,819 173.912 94,577
17,763,508 17,491,049 15,640,045 102,573 164.040 105,308
24,754,570 24,401,009 21,717,280 149.687 220.055 103,331
66,475,850 65.285,367 60,947,217 240,305 946,034 254,198
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income .... ........... ........................... Income subject to tax ........................................ Income tax, total ................. .... . .. Additional tax for tax preferences ....... .............. ...
938,796 420,614 9,045,549 10,789,118 6,809,689 2,806,275 691
6,977 1,882 74,494 110,735 85,583 37,822 -
37,674 15,133 40,221 270,704 126,076 27,979 -
54,724 25,279 346,260 521,668 348,047 83,074 -
109,851 38,770 632,824 774,900 510,091 141,911 -
141,528 46,887 869,195 1,030,269 720,238 246,661 -
277,479 108,820 2,437,279 2,726,428 2,004,166 849,487
76,851 34,393 949,979 1,070,669 703,580 325,258 -
58,624 35,066 1,079,681 1,216,203 644,189 301.824 120
35,861 24,190 602,004 680,693 428,755 202,595 114
23,518 15,600 515,982 572,148 240,411 114,633 57
43,209 23,893 807,481 879,200 487,778 231,383 248
72,300 50 ,701 690, 149 935, 501 510, 775 243,648 76
27,212 9,209 45 274,238,
66, 772 33,714 3 169,375
Foreign tax credit ....... .................................... Investment credit ... ........................ .. . . Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
117,905 157,594 242 2,147,2421
1. f32 867 45,8151
2,790 43,951 1
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
6,674 47,2651
11,038 0 * 106,4431
-1,404 15,134 98 174,E
2,089 38,657 621
5,159 12,806 '16 185,569
6,100 10,573 16 353,513.
6,336 9,000 2 145,207.
1,587 6,832 (1) 141,903,
1
RETURNS OF ACTIVE CORPORATIONS Table 6.--:-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total active
Size of total assets
corporation returns
Zero assets
$1 under $100 , 000
$100,000 under 250,000
$250,000 under $500,000
S500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
$25,000,000 under $50,000,000
S50.000,000 under S100,000,000
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
If 1)
1
$100000000 u'~de~ $250,000,000
S250,000,000 or more
(12)
(13)
Wholesale and Retail Trade: Total Retail Trade Number of returns ........ ...................................
394,647
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ............... .................. ................ Cash, Government obligations, and other current assets .....
160,972,620 31,956,986
Other investments and loans . ........... ................... Depreciab le assets ...........................................
10,635,931 62,687,205 26,985,831
10,676 -
Less: Accumulated depreciation ...................... .....
55,389,928 16 ,699,289
218,976
85,661
42,045
22,066
13,571
888
400
160
103
60
41
8,777,595 912,600
13,374,311 1,823,208
14,818,166 2 ,355, 608
15,165,826 2 ,453,007
25,187,814 4, 183 ,327
5,995,467 1 , 113 ,844
3,277,868 1 ,370 ,532
5,195,608 1 ,919, 588
388,504 4,379,574 2,295,992
672,670 5,370,471 2 ,539, 215
6,052,255 1 ,908, 939 710,947 5,375,243 2 ,550,649
6,623,141 1 , 714 ,695 747,105 5,163,924 2, 417 ,315
11,060,293 2, 511 ,889 1,272,907 8,130,682 3, 588 ,222
2,013,832 650,152 350,109 2,350,887 950 ,089
6,139,368 981 , 502 2,059,598 682,667 412,370 2,596,218 1 ,034 ,502
5,587,807 736,87 9 1,951,424 607,497 470 ,446 2,413,688 981,128
7,308,637 993,972 2,109,350 808,247 803 ,952 3,151.747 1,171,720
9,426,345 1,218,253 2,943,606 941,428 652, 404 4,762,525 2,039,428
49,191,284 15,184,786 12,202,953 3,583,655 3 ,954, 517 18,992,246 7,417,571
Other capital assets less reserves2 ........................... Accounts and notes payable, . ~ .............................. Other current liabilities ....................................... Mortgages. notes. and bonds payable in one year or ............................................ ... ........ Notmore worth .......... ......................................... Cost of property used for investment credit .............. : ...
5,841,528 49.679,564 13,926,469
-
248,940 2 ,591 , 525 628,673
459,271 3 ,773,017 886,578
522,660 4 ,941 .946 1,005,849
537,313 5, 743 ,866 1,012,320
1,018,807 10,459 ,839 1,834,623
299,943 2,049,311 463, 638
285,605 1,689,018 562,046
226,493 1,309,327 471 ,288
306,577 1,650,170 707, 518
390,995 1,927,582 80 1,1 61
1,544,924 13,543,963 5,552,775
25,813,804 60,033,489 5,602,958
11,010
1,298,078 2 ,589,447 440,160
2,126,593 5 ,240,064 530,568
2,149,814 5, 542 ,984 502,106
1,981,343 5,602 ,601 419,276
3,319,518 8,554 ,155 713,733
979,571 2 ,215, 781 338,683
985,655 2, 648,154 244 ,022
966.197 2,558,677 211 ,732
Total receipts ...................... ............. Business receipts ...................................... ....... Cost of sales and operations ................................ Taxes paid ................. _ ........................... ... Interest paid . ................... ............................. Depreciation ..................................................
1,362,468 3,133,260 302,933
1,842,813 4,275,503 376,492
459,716,195 449,268 ,917 323,670,400 8,318,122 4,521,611 5,464,090
2,137,654 2 .083, 869 1,421,760 50,092 18, 188 28,281
17,672,863 1 , 512,243
36,609,060 36 ,285,770 23,480,172 914,696 196 ,710 458,636
40,528,886 40, 072,851 27.005,686 839,603 334 ,303 504,719
46,863,980 46, 174 ,519 33,714,068 802,484 410 ,797 473,732
49,073,970 48 ,233 ,772 36,692,844 710,842 473, 661 444,870
84,119,240 82,463,765 64,636,305 1,136,969 820, 853 750,285
16,~61,748 16,134,129 11,962,164 252,050 178,630 216,036
17,486,635 17,029,008 12,334 ,668 310,196 144,987 232,557
17,202,173 16,825,418 12 . 191 , 370 286,374 114,756 195,812
20,188,834 19,735,480 13 ,921 ,466 377,773 183,819 289,300
Pension, profit-sharing, stock bonus, and annuity plans ...... E mp loyee benefit programs ............. .................... Net income (less deficit) .............................. . ..... Net income ................................................ Income subject to tax ...................... ................. Income tax, total ............................................. Additional tax for tax preferences ..........................
28,154,364 27,592,633 19, 432,892 566,632 198,253 395,376
100,789,651 96,637,703 66,877 ,005 2,070,411 1,446,654 1,474,486
1,378,373 1,132,734 8 ,551 ,498 11,562,260 9,906,133 4,055,107 159
3,878 3,406 3,807 76,630 59,040 24 ,702 -
44,990 55,590 378 733,384 385,881 82 ,251 -
81,938 64,361 723 ,410 1,112,244 820,869 205 .403 -
119,604 74,774 823, 142 1,100,293 809,783 222, 513 (1)
127,393 89,181 887, 589 1,061,716 814,584 267,236
209,278 156,661 1,412,652 1,721,731 1,504,036 626, 183
41,630 34,230 374,035 445,794 399,798 184 ,04 3
46,249 41,856 445,827 520,360 490,738 231,974 21
53,684 44,599 494,971 555,342 521,489 248,206 -
92 ,217 113,867 718,273 785 ,295 749,631 359,987 -
Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
80,967 332,721 307 1,926,181
609 -
-
57,760 68,435 436,414 580,894 554,415 26473 14
499 ,752 385,774 2,231,000 2,868 ,577 2.795,869 1.337,873 21
107 15, 862 (1) * 104,154
1. 160 19,679 *57 156,649
103 18,695
'24 38 ,276 25 142,452
'12 13 ,100 21 39,528
1,390 17,625 18 40,188
1,006 17,158 33 61,023
2. 644 22,297 12 63 361
1,016 31,542 29 113,413,
45.837
7 ,061 (1) * 161,306
136,953
8,801,754
73,505 130,817 61 861,317
Wholesale and Retail Trade: Retail Trade: Building Materials, Garden Supplies, and Mobile Home Dealers Number of returns ............................................
32,231
645
12,554
8,893
5,456
3,091
1,470
68
34
16
11,260,390 2,596,162 4,185,482 1,147,160 727,227 3,596,516 1,727,548
-
4*
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................
606,249 88,148 267,226 90,256 35,526 183,609 99,596
1,463,402 287,376 644,417 179,784 58,892 420,590 211,803
1,930,362 463,041 774,604 206,929 91,225 596,121 301,981
2,123,746 509,622 808,686 226 ,690 111,007 709,592 360,503
2,736,873 668,426 947,348 248, 538 203,864 911,017 433,291
442.243 102,766 140,150 34,792 32,551 177,793 79,229
561,626 110,946 195,957 46,610 63,559 161,510 61,354
578 ,206 103,864 162,196 36 ,722 89,327 219,970 86,165
Other capital assets less reserves, ........................... Accounts and notes payable , ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or more ................ ............. ........................ Net worth .................................................... Cost of property used for investment credit . _ ~ ..............
473.020 3,156,115 716,873
-
817.683 261 ,973 244,898 76,839 41 ,276 216,314 93,626
23,037 168,048 39,590
52,051 387,946 90,059
68,001 536,110 123,040
84,793 649,457 130,774
128,229 814,988 157,362
27,964 124,773 22,616
32,982 134,709 29 ,191
36 ,045 92,828 39,533
19,918 247 ,256 84 ,50 8
1.697,486 4,970,283 244,071
-
78,312 234,775 14,675
166,534 673,367 29,230
251.219 867,220 43,336
289,690 943,443 47,517
422,809 1,231,325 65, 134
83,778 199,777 11 ,444
87,242 282,958 10 ,384
105,865 307,951 10,000
Total receipts ....................... ........................ Business receipts ......................... ................... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid .................................................. Depreciation ........................... ......................
212 ,037 229,467 12,013
24,528,003 23,940,596 17,422,379 471,496 294,417 300,619
87,268 83 ,134 58,978 2,311 1,064
1,795,303 1 ,775, 176
3,514,389 3 ,454, 501
1,226,934 41,422 10,072 21,062
2,443,966 72,814 31,654 39,039
4483,988 4:384,147 3,149,711 95,850 47,785 50,960
4,599,772 4,486.572 3,285,635 80,838 54,123 54,822
5,868,294 5, 723 ,060 4,235,862 103,578 74,731 72,999
897,944 872 ,1 52 624 ,675 15,263 16,641 12,936
991,549 953,943 669,414 22,326 14,067 13,360
903.959 869,826 617,000 17,586 15,993 14,546
Pension, profit-sharing, stock bonus. and annuity plans ...... Employee benefit programs ................................. Net income (less deficit) ......... ........................... Net income . ~ ................................. ............ Income subject to tax ........................................ Income tax, total . ~ ........................................... Additional tax for tax preferences ..........................
85,127 61,277 633,302 848,876 687,012 241,516
540 888
1,385,537 1,338,085 1 ,1 10,204 19 ,508 28, 287 19,948
3,110 3,568 7,285 41,602 26,451 5,387 -
6,651 5,240 87,279 120,124 90,188 19.268 -
16,491 8,516 154,764 181,272 132,206 38,701 -
18,417 10,138 133,787 159,066 124,807 40.790 -
24,393 15,149 194,049 228,710 205,841 87,298
3,399 5,366 32,669 39,303 38,448 17,930 -
3.884 1,872 34,456 37,804 34,666 16,300 -
5, 179 7. 249 -35, 597 3, 758 3, 758 2,002
360 4,5371
1,075 6,241
2,162
2,818
3,603 3,639 23,722 33,551 28.318 13,144 '12 .1
19,875 -
20,552 -
Foreign tax credit ......................................... _ Investment credit ............................................. Work incentive (WIN) credit ....... .......................... Distriburtions to stockholders except in own stock ............ 1
107 12,689 6 95,1271
oolnotes at end of table. See text for Explanation of Terms and Description of the Sample and Limitations of the Data.
3,830 15.098
631 1 ,362 ,
889 3 5 ,785 ,
106 763 3 4, 204 ,
151 8,211
0 63
0
RETURNS OF ACTIVE CORPORATIONS
J~b ,
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
active corpora tion returns
$1 under $100,000
Z er o assets (2)
(1)
$100,000
$250,000
$500,000
under $250,000
under $500.000
under $1,000.000
(4)
(3)
$10,000,000
$25,000,000
$50,000,000
$100 000,000
under $5.000,000
under $25,000,000
under S50,000,000
under S100,000,000
under $250,000.000 '
(7)
(6)
(5)
Size of total assets S1,000,000 55,000,000 under $10.000,000 (8)
(10)
(9)
$250,000,000 or more
(12)
1)
(1 3~
Wholesale and Retail Trade: Retail Trade: General Merchandise Stores Number of returns ......................... .. . . .
Total assets ........................ . . . .... . Notes and accounts receivable , net ................... . . . Inventories ..................... .......... . . - .... Cash , Government obligations , and other current assets ..... Other investments and loans' ............... ..... - , Depreciable assets ~ .............. I ........................... Less: Accumulated depreciation ................... . .... Other capital assets less reserveS2 .. _ ~ ~ .... ____ ... _ ... Accounts and notes payable' ......................... . . . Other current liabilities ........................... . . . . . . Mortgages, notes, and bonds payable in one year or .................................... Netmore worth.. ...................... .............. .... ... . .... .. for investment credit .................. Cost of property used Total receipts .............. . ... - - - - - .... .. - - .. Business receipts .............. . . .. . . . . . . . . Cost of sales and operations ........... . . . . ... ... ... Taxes paid ................... ... . . ... - .... .. - -, .. Interest paid ........... . .. - - .... .. ... . . . Depreciation ................ ........ - - .... - - .. Pension , profit-sharing , stock bonus, and annuity plans ...... Employee benefit programs ....................... . . . . . Net income (less deficit) ................ ......... . .. .... Net income ........ ...... . . . . .... . ..... . . ... Income subject to tax .................... ................... Income tax , total ....... ... .... ..... . . . . . . . . Additional tax for tax preferences - - - - - ---- - Foreign tax credit .... _ .... - - . ...... . . . . . Investment credit ... ... . . . . . . . . . . Work incentive (WIN) credit ...................... ... . Distributions to stockholders except in own stock ............ Wholesale and Retail Trade: Retail Trade: Food Stores Number of returns .. . . . . . Total assets ......... . .. . . . ..... . . . . .. Notes and accounts receivable, net ............ . . . . Inventories ............... ..... Cash, Government obligations, and other current assets ..... Other investments and loans' .................. Depreciable assets ................... - Less: Accumulated depreciation ............... . . Other capital assets less reserves' ..... ................. . . Accounts and notes payable3 .......... .. . Other current liabilities ............ Mortgages, notes, and bonds payable in one year or re ................................ ....... ...... ..... NetTo ith .............. .. . . . . . . . . . Cost wo of property used for investment credit ............ . . Total receipts ... . . . Business receipts ........ ... Cost of sales and operations .................. . Taxes paid ..... Interest paid .......... ... . . . . Depreciation ....... .. Pension, profit-sharing, stock bonus, and annuity plans .... Employee benefit programs ...... Net income (less deficit) ............ N et income .... Income subject to tax ...... . Income tax, total ......... Additional tax for tax preferences ... Foreign tax credit ........ . Investment credit ..... ..... Work incentive (WIN) credit ........ Distributions to stockholders except in own stock ..... .
10,291
'l 47
4,520
2,629
1,262
808
674
83
75
28
26
19
20
48,225,509 15,691,425 12,654,735 3,530,166 3,698,351 16,885.148 6,717,903 1,555,825 13,124,473 5,156,124
-
187,445 25,590 105,777 19,690 7,810 51,866 29,1 37
392,~38 35,105 206,505 67,994 18,610 114,938 65,106 6,532 91,079 29,799
438,117 50,052 205,022 79,882 35,334 106,485 59,777 10,469 83,070 35,112
548,496 91,494 249,026 61,730 47,607 168,601 89,008 15,657 129,622 35,720
1,468,369 248,376 650,170 185,159 104,305 473,096 253,333 38,268 393,800 122,472
610,835 123,320 215,540 60,697 23,646 259,620 117,498 32,957 144,823 46.217
1,173,629 199,846 493,232 121,823 73,727 426,382 188,156 24,825 268,159 97,360
987,956 120,047 444,328 93,669 38,604 396,956 166,034 44,103 177,887 103,495
1,908,413 296,2119 711,217 234,653 162,813 698,419 285,701 50,252 428.068 182,175
2,954,498 671,153 938,059 206,289 77,844 1,491,343 638,158 148,688 605,099 253,885
37,555.413 13,830,153 8,435,859 2,398,580 3,108,051 12.697,442 4,825,995 1,183,223 10,753,171 4,239,343
8,632,234 17,950,754 1,109,842 82,393,896 78,178,025 50,767,503 2,029,395 1,509,318 1,223,867 356,748 250,316 2,401,753 2,914,503 2,782,156 1,302,559 14 59,833 105 ,870 71 813,605
199 '33,015 '32,737 '21,397
45,606 197,651 8,614 1,104,988 1,095,457 763,573 18,992 6,687 10,768 4,189 2,250 28,398 37,575 32,321 9,933 322 -
45,978 249,133 3,680 1,081,233 1,064,273 716,496 17,725 5,292 9,146 4,079 52,679 55,097 42,279 13,637 272 9,511
55,597 300,824 7,533 1,293,390 1,257,159 867,223 27,121 8,763 13,419 2,645 1,093 50,162 59,875 50,776 18,732 469 13,040
103,199 302.392 13,800 1,271,280 1,231,265 808,960 26,353 13,833 15,627 5,085 1,631 46,289 49,022 42,478 19,628
222,210 542,967 27,485 2,706,986 2,613,411 1,782,473 48,059 27,427 31,588 7,122 4,306 76.958 91,481 84695 40: 130
217,096 466,153 33,143 2,780,345 2,703,878 1,906,350 51,885 22,820 29,145 7,496 2,271 58,923 73,207 70752 33:619
700,276 1,269,537 78,737 6,388,873 6,187,990 4,181,953 201,778 88,910 101,392 18,917 9,389 157,859 171,377 150,752 72,197
6,640,977 13.027,985 844.934 57,669,735 54,116,358 34,383,527 1.473,076 1,257,110 919.849 283,744 217,594 1,694,103 2.073,029 2,032,508 970,187
1,041 2 11,041
436 2,172 1 4,644
109 2,964 11 7,155
420,736 813,251 63,372 4,054,978 3,956,918 2,689.948 91.175 47,917 51,405 10,154 5,425 1 1 0,641 141,471 134,843 64,362 14 206 4,134 2 18,464
7,316 4 31,148
59,082 85,624 51 687,643
29,997 20,059,227 1,421,192 6,961,566 2,436,926 1,486,238 12,160,735 5,659,216 656,865 5,661,218 2,034,978
1,160 -
17,208 666,540 52,616 201,078 101,393 29,618 475,609 248,999 17,957 198,934 45,499
6,059 959,488 79,073 279,297 147,802 86,987 556,664 256,075 36,615 234,456 69,047
3,051 1,082,902 61,539 328,403 212,152 70,609 620,823 295,770 33,165 312,412 92,452
1,414 967,401 66,770 277,602 167,011 85,887 576,281 286,040 36,390 334,992 76,304
865 1,779,443 120,696 559,556 263,848 125,118 1,062,189 507,424 85,602 624,951 164,433
93 632,653 48,497 181,003 100,628 37,033 382,139 172,440 26,615 217,070 50,656
61' 956,071 51,355 305,876 126,378 57,093 627,445 272,362 44,439 305,553 91,042
37 1,324,351 75,303 494,242 165,058 94,825 747,072 326,325 37,759 397,785 118,644
21 1,420,245 95,036 479,274 140,190 93,638 947,575 424,317 59,512 370,681 153,970
16 2,493,718 169,622 870,135 323,818 157,656 1,583,332 764,029 66,545 693,261 214,739
12 7,776,415 600,685 2,985,100 688,648 647,774 4,581,606 2,105,435 212,266 1,971,123 958,192
3, 260,382 8,060,393 1,260,846 113,209,989 112,074,696 88,510,350 1,375,957 368,954 1,112,931 381,758 392,401 1,318,632 1,700,875 1 ,550 ,149 686 ,110
1,767 364,172 346,843 287,480 4,814 1,782 3,146
118,497 192,109 48,543 4,871,001 4,844,282 3,696,314 77,218 13,034 47,702 6,503 5,829 -14,223 49,436 31,384 6 ,441
208,138 346,711 57,153 5,156,279 5,099,429 3,991,107 72,905 23,079 47,971 7,920 5,922 66,275 94,745 74,076 18 ,154
238,147 352,893 87,017 8,309,757 8,253,664 6,766,645 79,570 25,705 51,937 16,760 13,082 78,191 107,285 75,833 20,659
194,945 305,424 48,093 6,441,383 6,398,197 5,096,789 67,651 28,112 47,880 12,9B7 12,589 70,301 91,516 57,881 20 , 107
354,066 583,434 113,945 12,014,215 11,891,878 9,544,544 137,292 38,650 95,214 27,749 30,042 141,488 174,571 147,703 64,267
96,248 233,150 33,935 3,704,256 3,669,495 2,901,716 43,521 13,643 32,284 9,263 11,863 46,614 56,682 50,563 23,476
135,893 394,746 65,509 5,951,603 5,876,633 4,721,709 67,479 16,655 52,654 16,411 16,358 94,704 100,927 99,430 47,024
191,533 539,506 77,332 7,826,375 7,758,158 6,156,955 91,899 16,955 66,715 22,136 24,475 118,183 130,893 130,142 62,151
240.660 598,951 92,614 8,387,782 8,303,756 6,602,825 97,053 26,512 86,726 20,074 40,235 94,747 113,716 111,389 53,125
437.685 1,030,653 149,946 13,329,372 13,177,250 10,179,953 177,755 47,222 134,556 44,677 74,901 160,043 187,025 186,275 89, 731
1,044,570 3.482,816 484,992 36,853,794 36,455,111 28,564,313 458,800 117,605 446,146 196,996 156,443 461,393 587,095 579,026 279,043
2,312 . 0 3,784 1
4,980 12 11,134
6,963 10 9,692
7,529 9,163 1
123 10,829 13 34,045
5,433 37,296 5 128,691
5,609 85 ,489 251,858 53 1
-
-3 -
49,695 10,546 23,419 55,935 3,375 535,714 529,149 357,7134 10,771 4,301 6,858 f4) * -2,777 13,260 10,267 3,334 -
-2 '11,763
916 6,984 6,447 1 ,932 '222 '689 1
936 -
Data. " Footnotes at end of table. See text for "Explanation of Terms- and ' Description of the Sample and Limitations of the
1,961 -1,893
2,888 11,207 1
1,989 15,501 1
157,140 724,926 24,970 3,473,359 3,389,430 2,287,819 61,747 25,894 33,834 13,314 5,810 130,460 149,008 130,444 56,732 1,554 16,050 -
7,584 3 17,276 1
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollarsl Major industry, item
Total active corporation returns
2erci assets
$1 undo' $100, 000
(1)
(2)
(3)
$100,000 unde S250,000 ' (4)
$250,000 under $500,000 (5)
$500,000 under $1,000,000 (6)
Size of total assets $1,000,000 S5,000,000 under under S5,000,000 S10,000,000 (7) (8)
S10,000,000 under $25,000.000 (9)
$25,000,000 under $50,000,000 (10)
$50,000.000 under $100,000,000 (11)
S100,000,000 under $250,000,000 (12)
$250,000,000 or more (13)
Wholesale and Retail Trade: Retail Trade: Automotive Dealers and Service Stations Number of returns ............... . ..... ... .... . . . Total assets ... ...................................... _ - ... Notes and accounts receivable, net .......................... Inventories ....................... ....... . .... .. .. ... Cash, Government obligations, and other current assets ..... Other investments and loans, ........................... .... Depreciable assets ................................. ... . ... Less: Accumulated depreciation ............................ Other capital assets less reserves' ................. ......... Accounts and notes payable' .......................... ..... Other current liabilities ................... ... .. ..... Mortgages, notes, and bonds payable in one year or more .............. I ..... I ................ I ............. ... Net worth ....................... ........... ... . . .... Cost of property used for investment credit ..................
67,634
938 -
27,098 1,127,580 148,685 486,400 190,699 31,612 423,950 . 219 541 29,592 362,537 69,641
12,438 2,049,679 304,663 997,852 265,087 47,967 598,535 283,989 71,315 779,743 126,116
11,749 4,285,203 565,193 2,484,208 395,478 126,751 961,925 451,292 124,038 2,073,929 225,155
8,539 5,912,831 707,724 3,475,025 526,740 152,230 1,393,980 621,196 170,943 2,980,491 352,990
6,535 11, B30,214 1,657,161 6,536,637 851,348 338,705 2,939,281 1,196,530 471,052 6,295,188 756,187
264 1,719,631 334,297 648,352 130,108 85,813 610,093 229,633 97,833 789,081 108,515
58 820,188 166,711 264,854 66,847 59,834 303,504 116,084
731 392,949 388,091 328,985 6,425 4,459 1,680
146,656 334,203 52,204
233,422 724,076 61,570
441,673 1,219,553 85,368
-2,911 3,236 2,143 876 16 '650
6,954,435 6,913,702 5,329,177 120,567 35,934 45,986 4,881 8,946 -17,019 82,407 48,906 11,542 801 (4) * 14,845
7,663,088 7,573,216 5,957,462 114,843 72,935 61,220 6,958 11,203 64,265 129,384 96,146 21,379 -
16,366,572 16,174,105 13,468,515 197,559 174,432 88,645 16,401 21,571 118,305 192,808 132,989 30,668 -
563,769 1,775,501 116,797 23,860,343 23,539,831 19,847,861 245,072 252,690 137,662 34,149 35,910 240,445 285,260 218,399 63,283 -
1,313,998 3,146,153 278,115 46,431,988 45,668,817 38,834,123 479,126 511,282 316,466 71,634 68,385 458,613 530,579 455,534 174,672 '71
261,770 505,276 111,752 5,387.425 5,245,527 4,434,443 56,579 67,092 77,118 6,851 5,796 96,029 101,369 88,600 40,496 -
2,362
4,803
19,838
38,152
(1) 10,762 -5 39,637
2,420 -6 11,549
36,802 9,166,019 1,478,607 3,680,351 1,519,399 802,055 2,640,7~1 1,278,993 128,234 2,298,008 811,166
1,191 -
19,901
9,574
896,363 86,677 477,718 142,358 59,749 251,509 151,467
1,467,114 221,363 688,216 255,918 76,727 394,001 201,269
-
8,351 252,395 63,063
10,402 345,002 107,444
3,698 1,310,703 193,067 543,200 256,671 76,869 364,619 188,716 20,976 325,507 103,146
1,455 998,568 168,629 392,709 206,338 66,397 289,990 151,874 14,479 254,810 76,184
849 1,568,862 294,794 586,460 274,929 116,613 458,002 222,294 27,770 437,064 139,123
76 518,766 101,544 188,612 82,576 44,834 170,791 B5,134 7,160 122,716 51,916
1,065,924 4,346,087 182,884
-
21,076,120 20,632,783 12,206,634 473,968 151,127 241,137 87,574 46,646 738,130 945,949 778,692
352,667 349,676 205,266 6,745 1,139 3,187 -2,195 '342 4,540 17,789 17,020 7,221
110,924 325,530 16,454 2,597,932 2,573,635 1,561,407 59,175 16,220 26,609 5,907 2,805 15,531 84,818 45,233 8,807
180,783 720,892 26,870 3,579.965 3,536,994 2,103,856 76,581 26,139 43,413
131,363 650,380 21,936 3,030,776 2,979,441 1,800,585 60,529 22,486 30,847
11,568 4,452 126,502 153,363 121,439 36,090
15,834 5,482 93,601 119,061 96,554 30,479
115,786 511,715 14,338 2,209,503 2,161,043 1,262,102 47,015 17,657 24,061 12,759 3,469 67,508 86,308 73,654 26,505
143,396 766,632 31,769 3,378,696 3,265,784 1,881,562 82,195 25,123 37,550 18,107 8,890 140,441 157,863 138,117 60,617
57,124 264,585 13,793 1,085,042 1,040,850 581,371 24,090 7,624 13,470 4,566 3,456 42,808 45,961 43,258 20,118
28,908,976 4,017,375 15,065,556 2,527,109 961,311 7,627,673 3,232,529 1,110,664 13,997,542 1,791,478
Total receipts ................. Business receipts .............. .. .......... .... Cost of sales and operations ... ........................ ... Taxes paid .............................. .. .. - - ... - Interest paid ..... ........................ ...... . .. Depreciation ............................. ........ . . Pension. profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............................ .... Net income (less deficit) ................................. ... Net income ............................ . - ... . . . Income subject to tax .......... . .... . .. . . . .... . Income tax. total .......... . . .... ... - .. - - .. Additional tax for tax preferences .................... .....
3,198,357 8,303,113 864,482 111,182,459 109,542,094 91,511,196 1,313,020 1,172,432 820,912 146,868 157,338 965,443 1,404,741 1,118,684 379,049 '92
Foreign tax credit .......... . .... ...... . . . .. . . Investment credit ............. ........ . .. ... . .. .... Work incentive (WIN) credit ............. I ....... ... ...... I ... Distributions to stockholders except in own stock ............
26,745 62 145,301
(1)
2,134 * 16,3791
4 248,589 47,819 64,633 21,703 28,049 53,914 16,849
55,637 351,044 61,835
8 265,787 60,216 77,286 26,775 16,423 92,258 36,628 26,421 102,590 19,910
4,004 65,639 17,160
3 649,274 24,906 30,309 52,324 73,927 250,233 60,787 59,829 197,300 53,969
133,246 241,570 51,502 2,239,541 2,189,499 1,779,286 46,858 29,353 46,834 3,765 2,496 20,964 33,255 29,696 13,886 21 1,714
13,394 122,225 19,533 945,163 924,733 806,266 10,090 8,488 11,685 951 1,035 18,038 32,668 32,521 15,469 523
38,588 95,484 19,382
51,841 139,072 67,528
379,564 371,874 297,076 4,059 7,150 6,104 724 734 12,889 13,775 13,750 6,545 -
561,391 552,699 428,002 31,842 8,617 27,312 475 882 -44,175 233 -
2,206
336 -
30 474,940 102,970 154,819 74,051 38,148 152,275 62,681 5,632 98,578 65,826
14 521,649 102,889 199,065 74,192 37,125 143,222 56,051 6,430 159,369 56,615
8 549,975 68,068 146,956 102,177 87,270 177,659 68,011
859,079 138,606 302,596 50,189 198,323 238.693 91,496
13,920 120,315 48,813
13,114 182,252 99,036
35,827 252,172 14,846 1,016,843 983,487 570,214 22,242 5,836 13,661 2,883 1,611 61,905 63,459 56,017 26,647
50,913 237,986 12,459 1,079,466 1,039,031 623,473 27,374 9,069 11,986 4,060 3,545 77,914 81,760 61,675 29,412
76,836 216,575 9,740 891,301 862,685 517.780 26,064 10,498 12,946 2,280 1,915 -7,257 20,930 18,140 B,686
162,972 399,620 20,116 1,853,929 1,820,157 1,099,018 41,958 9,336 23,407 7,415 10,679 114,637 114,637 107,585
27 1,395 1 5,012
2 1,04
6 350
86 121,862
15,587
,103 -1
1,709 -1
6 1,210
Wholesale and Retail Trade: Retail Trade: Apparel and Accessory Stores Number of returns .. - ... - - -
- -- -
--
.. .. . .
...
Total assets .......... ... . . ... .. . . . Notes and accounts receivable, net ....... Inventories .................... ..... .... . . .. . . . . .. . Cash, Government obligations, and other current assets ..... Other investments and loans' .. ............ .... .. . . . . Depredable assets ......... .... . .... ... .. . . . . - ... Less: Accumulated depreciation .................... . ... . Other capital assets less reserves' ....... . ...... . - - Accounts and notes payable, ..................... . .. ... . Other current liabilities .................... . ... .. Morigages, notes, and bonds payable in one year or .......................................... ....... .... Netmore worth .............. . ............ .... .. - - Cost of property used for investment credit ... ........... Total receipts ...... ........ . ... Business receipts ............. .. . . Cost of sales and operations .. ... . .. . .. . . .. Taxes paid .......... . .. . . . . . . .. . . . .. . . .. Interest paid ....... ........ . Depreciation ............. _ - - - . . . . . .. . .. Pension, profit-sharing, stock bonus, and annuity plans ...... . . . Employee benefit programs . . ....... ... Net income (less deficit) ....... ...... ... Net income ....... ..... . Income subject to tax .. . .. ...... I ......... I ............. Income tax, total ........ ..... . ... . . . . . . Additional tax for tax preferences ...... Foreign tax credit .. .. .. .. . .. . .. . .. ..... Investment credit ............ . . .. . - - - Work incentive (WIN) credit ............ . Dstributions to stockholders except in own stock ... .. ....
306,203 121 11,545 21 132,668 ,
'20,338 ,
308 1 4.577 -
T.tn.te,at and of table. See text for "Explanation of Terms" and "Description of the Sample and Urnitations of the Data,-
V)
809 15,8
1,266 17,633 ,
936 7,808 ,
2,408 .8 16,945 ,
1,157 5,268 ,
6
51,621
513 '1 1
0
Cn
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on
W
a)
samples-money amounts are in thousands of dollars]
Major industry, item
Total active corporation returns
Zero assets
$1 undEr $100,0100
$100,000 under 250,000
(1)
(2)
(3)
(4)
Size of total assets $250,000 under $500,000
$500,000 $,,Oo under 0,000
under $$ 51 ,000 -0 0 0,000 000
F $10,0 0.0 0 $5,000,000 under
$10,000,000 under $25,000.000
$25.OGO,000 under S50,000,000
$50 ,000,000 under $100,000,000
$100 ,000 ,000 $2
S250000000 Of 'mo;~
Wholesale and Retail Trade: Retail Trade: Furniture and Home Furnishings Stores Number of returns ............................................
35,546
Total assets ............................................ ..... Notes and accounts receivable, net ....... .................. Inventories ...................................................
8,731,985 2,490 ,328
Cash, Government obligations, and other current assets ..... O th er investments and loans. ......................... ...... Depreciable assets ...........................................
Less: Accumulated depreciation ............................ Other capital assets less reserves, .......................... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ........................... ...................... Net more worth ... ...................................... Cost of property used for investment credit .................. . ....... * ' Total receipts ................................................ Business receipts ......................................... ... Cost of sales and operations ..................... .......... T6es paid ................................................... Interest paid .................................................. Depreciation .................................................. Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit)
9,720
4,355
1,975
911
72
30
8
5
3,360,190 961,663 398,092 1,922,281 877,125
735.150 ll;"591 334,543 99,222 27,299 236,213 1 12 ,245
1,586,069 306,352 738,901 227,072 65,134 366,128 180 ,641
1,519,818 443 ,0 87 646,203 183,730 62,857 289,519 151 ,482
1,343,099 430,971 518,792 124,333 54,591 292,288 141 , 117
1,697,185 564,064 628 ,879 160, 108 99,678 330,548 153,292
508,558 202,697 155, 355 48,693 13,913 99,393 31,906
250,226 104,231 58 ,72 1 29 ,055 28 ,696 38,239 16,358
222,990 2 ,660 ,878 701,818
-
460,093 156,327 138,289 44 ,490 21,652 109,895 46,130
631,787 165.008 140,507 44,960 24 .272 160,058 42.954
11,270 283,945 56 ,022
31,811 477,308 103 ,300
27,957 418,568 114, 614
37,530 406,911 111 , 143
43,894 574,226 136,1 1 5
11,261 188,799 37.463
23,098 115,329 51.100
6,874 68,238 17,668
29 ,295 127,554 74,393
1,112,120 3,330,252 136,537
-
90,512 156,379 18,439
174,206 656, 420 28,541
139,920 705,968 22,726
133.872 535,808 25,424
161,513 689 ,663 21 ,250
84,155 135 ,122 6 ,847
53,818 202,588 6, 208
44,767 80,230 2,044
229,357 168,074 5,035
2,359,061 2,343,048 1 ,460, 735 57,318 16,637 27,939
3,936,489 3,883,154 2 ,517,527 76.538 30,396 36 ,062
3,152,284 3,063,939 1 , 936 ,381 63,030 24,787 26 ,944
2,688,695 2,574,143 1 ,584 ,313 52,733 30,623 25.849
3,181,635 2,995,774 1 ,891 ,885 63.473 38,018 27,771
825,302 774,620 511,293 14, 794 15,594 8,672
787,589 731,229 433,418 18,600 10,584 7.977
337, 135 296.865 186,854 8,288 7,227 2.756
1 ,073,501 997,931 619,234 29,179 15,740 8 .879
4,196 -23 ,396 38,149 1&935 4,026 -
9,473 5,809 62 ,623 107,026 82,787 18,773 -
12,954 4,270 92, 930 106,861 91,804 23,831
11,993 6,786 89,791 99, 103 76,800 23,786
14,885 6,492 63,809 102,052 92,770 38,712
2,688 1,809 3,926 26,259 22 , 112 9,752
2, 164 2,142 19,357 25 .203 21 .609 10,205
1 ,045 444 11,593 11,593 11, 339 5,10
1,978 1,745 -73,181 14.146 13,733 6,693
962
-1,160 606
1,173
1,158
473 -
877 362
141
419
7,511 .
49 ,521
8 ,454
10 ,135 ,
'766
1,349
1,863
1,896
18,398,837 17 ,716,057
11,175,611 385.309 190,061 173 ,190 58,359 34,057 242,631 530.414 431,889 140,887 -
.....................................
Net income ................................................ Income subject to tax ........................................ Income tax, total .............................................. Additional tax lot tax preferences .......................... Foreign tax credit ............................................ Investment credit ....................................... ..... Work incentive (WIN) credit ........................ ......... Distribufions; to stockholders except in own stock ............
... 18,085 -
'21 *57,146 * 55,354 '33 ,971 -1,356
'22 -
2,038 5,294
V)
84,876
-3,381
Who lesal e and Reta il Trade: Retail Trade: Eating and Drinking Places
...
...
Number of returns ............................................
76,935
3,082
53,150
13,275
4,966
1,601
706
75
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ...................... .................... Less: Accumulated depreciation .........................
42
12,322,753 848,736 756,903 1,633,570
-
15
16
1,844,881 82,788 158,927 319,163
7
852,824
2,025,516 120 ,626 109,759 301,187 142,315 1,759,906 732,718
1,689,246 121 ,090 78,068 232,632 133,404 1,360,051 520,768
1,115,150 59,805 53,919 147,329 83.978 948,645 365,937
1,263,141 96,608 68,515 173,572 84,924 966,321 345,466
497,485 34,589 27,501 54 .449 47,233 373,492 130,533
662,612 38,388 51 ,923 92 ,256 45,262 500,031 160 ,247
1,205,744 121,617 85,887 73,939 163, 732 719,606 164,334
101,092 416,429 173, 1323
160,464 436,493 147,779
1,501,228 137,628 85,366 160,580 183,983 1,051,781 248.677
2.372,546 1 ,068 ,900
-
517,750 35,597 37 ,038 78 ,463 51,207 416,035 165,63 1
177,339 353,788 144.442
115,294 284,059 94,721
142,926 320,417 116,749
54 ,790 102,490 45,239
61 ,655 97,870 77,587
34,486 55,868 40,173
143,241 207,897 95,251
112,116 97 ,235 133,136
3,551,330 3,950,666 976,724
1,935
388,347 414,772 178,135
617,582 547,014 189,672
559,237 458 ,881 116,891
369.133 302 ,356 70,321
397,267 331 ,7 95 86 ,010
156,124 171,757 104, 757
164,939 298,349 44,232
181,377 214,767 28,5 12
Total receipts ....... ..................... .................. 3usiness receipts ............................................. Dost of sales and operations ................................ Taxes paid ................................ .................. nterest paid .................................................. )epreciation . ......... ........................................
30,445,245 29 ,837, 416
427,411 746,084 97,522
7,912,024 7, 833, 169
5,592,807
13,569,343 1,121,878 376,336 839,254
442,908 432,020 239,872 16,062 4,969 11,125
289.913 464,891 58,737
3,812,029 3 ,732 ,480
2,259,344 2,204,038 936, 750 89,894 40,871 69,638
2,739,318 2,642,715 J/ 91,016 47,127 80,878
960,468 931,301
1,313,259 1,260,462
876,852 845,723
2,050,644 1,973,879
2,485 ,592 2.437,133
34,058 18,711 30,684
43,185 16,342 39 ,844
lension, profit-sharing, stock bonus, and annuity plans ...... " mployee benefit programs .................... ............. ~ et income (less deficit) ..................................... N e t income ................................................ ricome subject to tax ....................................... ricome tax, total ... ................... ...................... Additional tax for tax preferences ..........................
65,297 79,365 650,674 1,148,120 850 ,540 326,605 21
34,586 15,514 31 ,3 12
64,857 43,677 75,459
75,519 19,497 73,564
-3,685 16,413 7 ,426 3,378 -
126.06~ 30. 181
1,021,453 9 ,819,558 3,687,135
Other capital assets less reserves' ........................... Accounts and notes payable, ................................ Other current liabilities ........................................ Mortgages, notes, and bonds payable in one year or N more .................................. ................. et worth .... .......................................... Dost of property used for investment credit ..................
1,103,403
oreign tax credit ............................................ hvestment credit ............................................. Vork incentive (WlN ) credit .................................. istributions to stockholders except in own stock
............
1
2,914 41,538 '35 145.2701
P_- - .1 - ~, 1-1. q.. - - --...----., .- - .... -- -1 - --
-7,7701
85,415 1 ,723 ,690
3,731,918 316,329 46,456 169,255 4,747 16,132 1,639
5,544 ,496 2,515,488 206,829 68 ,178 150,988
1,564,817 149,543 54,994 106,507
18,329 -
10,439 11,927 108,074 188,194 115,510 30,252 -
12,075 9,505 67,913 124,784 92 ,290 25,937 -
6,765 7,315 58,565 87,216 60 ,558 21,816
9,261 8,222 65,552 112,633 89,963 39 ,173
2,332 2 ,250 43,116 46,959 40,688 18 .465
4 ,6 7 2 6 ,324 58 ,677 67,276 65,322 31 , 010
4,545 5 ,456 49 ,493 54,529 48,817 23,299 -
4,447 4 ,375 75 ,268 114,715 112.448 53,919 -
2,647
4,616
4,566
2,834
'24 5,296
3,01 8
50 3,961
",66 13
087 51.,073
1,729 6,883
9,6021
10, 9lid
9, 4301
.86
5J T41
3,1 12
8,126
10,265
205,220 90 ,'149
57,2~21 -- I— ..
122,7411
-
5,086 7,539
1 27,169 61,027 21
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry. item
Total active corporation returns
Zero assets
$1 under $100, 000
S100,000 under S250,000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under S5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
S25,000,000 under $50,000,000
$50,000,000 under S100,000,000
SI 00,000 000 unde~ $250,000,000
S250,000.00 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
if 1)
(12)
(13)
Size of total assets
Wholesale and Retail Trade: Retail Trade: Miscellaneous Retail Stores Number of returns .......... ...........
23,073
7,508
3,183
1,561
157
70
34
22
15
22,297,761 3,413,161 8,725,145 2,943,296 1,541,204 8,034,533 3.805,382
3,128 -
66,460
Total assets ... ...... ... - ................................. Notes and accounts receivable, net .......................... Inventories ... ................................................ Cash, Government obligations, and other current assets ..... Other investments and loans~ ................................ Depreciable assets ....... ................................... Less: Accumulated depreciation ......... ..................
2,713,387 310,505 1,246,199 407,751 111,475 1,033,128 581,183
3.430,705 468,650 1,530,661 474.744 176,038 1,159,709 607,614
2,561,815 458,539 992,547 341,465 113,898 1,075,700 580,863
2,156,535 417,992 647,382 254,524 145,408 784,547 401,640
2,843,727 533,202 1,082,728 354,387 199,700 990,228 476,592
1,065,296 166,134 457,319 138,209 65,086 277,566 103,716
1,030,209 154,959 454,648 110,212 53,095 315,176 127,488
1,141,882 134,732 478.548 103,563 114,239 359,936 127,936
1.559,481 177,374 535,852 174,865 241,571 497,140 188,442
3,794,724 591 ,074 1,099,261 583.576 320,694 1,541 ,403 609,908
Other capital assets less reserves ................... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages. notes, and bonds payable in one year or more ............... ... I ............................... Net worth .................................................... Cost of property used for investment credit ..................
590,527 6,408,784 1,645,132
-
56,790 859,542 170,489
90,081 1,020,990 213,034
60,715 638,562 167,888
62,227 703,524 134,484
81,066 999,205 242,182
41,363 359,559 101,016
37,337 317,776 87,905
34,375 254,762 75,250
27,839 350,584 155,766
98,734 704,280 297, 118
3,295,971 9,121,941 827,572
5,456
341,411 875,744 108,335
500,322 1,373,933 128,918
342,277 1,038,956 121,150
258,551 927,530 89,253
369,329 1,080,227 92,540
137,173 403,722 42,355
152,480 432,804 23,856
161,252 589,859 28,709
210,322 812,056 53,703
822,854 1 , 587, 110 133.297
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ........... .................... Taxes paid ................................................... Interest paid ..................... ............ ........... Depreciation ........................................... ......
58,481,646 57,347,250 38,507,384 1,147,099 458,966 752,180
407,529 396,014 245,811 11,666 3,956 7,019
9,583,590 9,473,609 6,115,903 231,896 54,056 113.225
9,980,881 9,885,604 6,712,707 200,101 75,235 115,258
6,627,341 6,522,470 4,310,918 138,678 55,316 108,746
5,721,540 5,612,789 3,812,171 100,518 40,822 71,539
7,031,735 6,866,307 4,782,009 118,542 60,028 85,573
2,430,031 2,368,919 1,695,772 37,392 25,492 25,245
2,479,265 2.420,344 1,745,236 41,447 24,723 26,639
2,452,878 2,387,204 1,557,679 44,666 18,690 27,467
3,926,241 3,821,294 2,531,835 80,345 36,761 52,071
7.840,615 7. 592,696 4,997,343 141 ,848 63,887 119,398
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .......... ....... ...... - ...... Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax, total ... ......... ......................... Additional tax for tax preferences ..........................
196,642 111,334 1,600,933 2,068,782 1,707,011 672,178 (1) *
798 10,822 28,399 23,634 10,581 -
18,702 14,114 33,338 218,492 114,356 24,335 -
24,740 17,558 179,994 281,833 208,402 51,554 -
25,010 11,801 164,759 213,125 145,828 38,601 (1) * 5,557 19,462
27,678 11,881 177,030 193.372 151,709 52.217 -
29,935 13,671 218,240 266,315 243,664 104,712 -
7,242 3,786 71,531 85,991 83,781 38,964 -
5,833 3,253 80,593 99,456 95,521 45,142 -
9,567 5,501 126,371 132,888 131,577 62,847 -
18,030 13,935 148,673 159,329 147,300 70,107 -
29 ,553 15 ,036 389 ,582 389 ,582 361 ,239 173 ,118 -
3,673 -
5,684 .9
22,458
17,891
2,048 -2 4,897
2,152 1 5,421
776 2,397 7 17,204
1,338 3,664 9 23,066
8 ,068 12 ,316 5 63.431
41.413 7,680 18,169 3,938 1,576 14,552 5,911
-
-
-
'494
1,113 13,720 5,672
-
-
-
'3,848
6,112 15,904 1,965
-
-
-
151,997 149,793 118,436 1,739 1,304 2,079
-
-
-
476 217 9,048 9,260 9,259 4,396 -
-
-
-
-
-
Foreign tax credit ............................................ Investment credit ............................................. Work incentive WIN) credit ............... __ ........ ...... Distributions to stockholders except in own stock ............
105,211
1,809 46,178
10.247 43.551 33 257,4761
3,983 30,4101
Wholesale and Retail Trade: Wholesale and Retail Trade not Allocable Number of returns ............................................
216
3
Total assets ............................... .................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ........................................... Less: Accumulated depreciation ......... __ ...............
69,067 '15,496
-
Other capital assets less reserves. ........................... Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or .......... I ............................... Netmore worth........ .................................................... . Cost of property used for investment credit ..................
1,803 19,701 7,390
-
10,160 '28,501 2,889
-
Total receipts ......... ...................................... Business receipts ......................... - ................ Cost of sales and operations ................................ Taxes paid ... .................................. ..... ... . Interest paid ....................... .......................... Depreciation ........ ..................................... ...
209,636 206,855 156,833 2,751 1,706 2,781
61 61 21
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ...... .................... .. .. ... . ... .. Income subject to tax ........... .......... ....... Income tax, total ............... Additional tax for tax preferences .......................... Foreign tax credit ......................... ..... . . . . . . Investment credit ......... ..................... . . .. . . . Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............ 1
.8
'183 '11,273
-2,904 -2,504 '852 'l, 1 12
8,194 '450
1,936
'309 9,412 10,640 10,477 4,706 -
8
'630
13.058 12,877 '6,915 '285 -
'15,793
'22,232 '21,836 15,668
-7 -
135 '628
Footnotes at end of table. See (ext for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
'772
'79
'36 -
5
99 329
0) 4
RETURNS OF ACTIVE CORPORATIONS
0 Go
4
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total Finance, Insurance,' and Real Estate Number of returns ............................................
Size of total assets
Total coactive rporalion returns
Zero assets
$1 under $100,000
$100,000 unda $250,000
(1)
(2)
(3)
(4)
Total assets ........ : .................. ...................... Notes and accounts receivable, net .................... ..... Inventories ............................................ ...... Cash, Government obligations, and other current assets ..... Other investments and loans. .............................. Depreciable assets ........................................... Less: Accumulated depreciation ............................ Other capital assets less reserves' .................... - .... Accounts and notes payable' ................................ Other current liabilities . . ~ .................................... Mortgages, notes, and bonds payable in one year or more ......................... .......... .................. Net worth ................................. ............... Cost of property used for investment credit ..................
2,321,965,956 654,734,081 3,525,486 568,454,447 939,906,002 107,177,104 30,893,858 26,889,875 139,772,665 1,421,731,305
18,888 -
141,707,857 269,770,527 4,651,235
18,816
Total receipts ................... ............................ Business receipts ........................... . . . . .. . . . Cost of sales and operations ................................ Taxes paid ......... ...... ............................ Interest paid ............................... .................. Depreciation ............ __ ................................. Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) .. ... ............................... Net income ................... - .......................... Income subject to tax ........................................ Income tax, total ...................... ...................... Additional tax for tax preferences .......................... Foreign tax credit ....................................... .... Investment credit .. .... .......................... . . . . Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ..........
315,795,981 157,126,715 84,614,209 9,125,550 77,677,659 6,877,795 2,433,380 902,438 11,663,330 18,825,003 13,141,553 5,644,729 41,077 748,039 222,812 173 8,729,977
3,345,887 518,641 126,761 121,490 2,018,476 58,105 6,594 5,095 21,513 249,901 189,854 79,049 1,818 3,975 829 153,667
14,118
210 -
Finance, Insurance, and Real Estate: Banking Number of returns .......... - ....................... . . . . Total assets .................................... ... . . Notes and accounts receivable, net .......................... Inventories ..... ................................. . . . .... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ................................. .. - Less: Accumulated depreciation . ........................... Other capital assets less reserves2 .................... Accounts and notes payable3 .............. _.. ............... Other current liabilities ................................... . . Mortgages, notes, and bonds payable in one year or more .................................... ... . .. . . . Net worth ....... .................... .. . ... . .. . Cost of property used for investment credit .................. Total, receipts .................... ..... . .. . .. . . .. Business receipts ..................... . . . - - - - Cost of sales and operations ...................... . . .. . Taxes paid ........................... . . .. . . . .. . . . . tnterest paid ............................. . . . .. - .... Depreciation .................... ..... . .. . . . .. . . . . and annuity plans ...... Pension, profit-sharing, stock bonus, Employee benefit programs ........................ . . .. . Net income (less deficit) ............. ............... . . . . Net income ...................... .. . .. .. . : ... - Income subject to tax ..... ............... I ................ Income tax, total .................... . .. . . .. - - Additional tax for tax preferences ................ . . .. . Foreign tax credit ......... . . . . .... . .. . . Investment credit .......................... ... .. . . Work incentive (WIN) credit ......................... .... .. . Distributions to stockholders except in own stock ............
411,846
1,242,841,603 579,087,303 382,917 423,563,793 194,695,356 22,199,992 4,858,235 2,287,643 33,780,105 1,058,709,335 21,060,938 86,654,517 2,342,929 90,637,012 11,942,549 3,449,984 2,217,538 45,488,502 2,528,005 927,612 397,373 2,778,387 3,703,327 3,372,285 1,503,334 12,241 548633 123:994 2,629,2 72 '' 1
13,250 2,438,354 125,825 61,446 1,784,137 10,916 5,122 3,629 43,881 117,439 109,451 53,082 1,494 3,895 468 9,0T9 I
$250,000 under $500,000 (5)
203,lE6
82,630
7,596,104 893,411 21,143 1,649,473 1,204,313 4,120,45 1 1,937,213 1,376,024 1,373,875 377,736
13,116,210 1,781,978 69,750 2,123,174 1,824,356 7,583,039 3,539,445 2,782,418 2,340,169 489,002
1,874,409 2,395,5153 103,493 6,459,OE1 5,142,875 1,434,346 330,19 5 224,014' 240,2E6 31,912 17,224 126,466 538,825 304,565 63,859 -3 -2 2,126 (1 * 153,740
3,674,229 5,087,167 111,327 5,278,923 3,256,269 871,965 436,382 397,421 350,465 49,686 15,268 '401,298 660,383 523,149 120,839 (1) (1) 3,653 178,3651
$500,000 under $1,000,000 (6)
42,348 14,851,910 2,084,389 125,733 2,364,298 2,282,894 7,791,060 3,075,919 2,855,559 2,498,070 626,102
22,363 15,425,992 2,235,302 62,708 2,501,415 2,721,256 7,303,835 2,693,987 2,791,218 2,632,276 698,623
20,839 45,185,291 8,109,926 265,680 9,509,468 9,976,497 .16,105,761 5.168,500 5,098,648 7,221,275 8,573,870
4,789,881 5,197.500 138,871 4,322,031 2,427,510 651,172 383,066 470,073 327,946 31,980 18,143 356,295 617,799 471,482 24,852 v)1 0) 3,802 122,912
5,555,443 4,894,787 84,426 4,148,776 2,237,453 577,626 338,417 532,651 305,055 34,226 11,869 308,789 553,241 435,916 131,024 . 26 1,413 2,968 (1) , 95,852
14,263,473 11.343,009 225,447 9.687,366 5,287,016 1,756,803 671,054 1.594,999 632,418 62,168 30,837 356,786 1,136,632 751,535 271,325 789 716 8,662
'113 '76,388 '10.125 :42,864 13,187 *5,186 '487 '4,577 -1,279
'55 19,960 '111 *12,OE3 '19,503 -1.326 1 4,651
'22,250 '6,968 '648 '432 -
'15,275 -1,175
10 -3,575 '850 *32,1 G~4
'11,867 '75
-I,IEI ~5,7
*1 14 '-1,202
-3 -5 - i ,~61-
Footnotes at end of table. See text for -Explanation of Terms" and "Description of the Sample and Limitations of the Data."
$1,000,000 under $5,000,000 (7)
'50 '-225
*437 '687 144 --1,899
$5,000,000 under $10,000,000
S10,000,000 under $25,000,000
(8)
(9)
6,027 43,633,336 13,927,477 96,222 13,369,191 9,176,286 6.350,980 1,730,191 1,591,025 3,953,921 24,444,579
$25,000,000 under $50,000,000 (10)
7,231 117,313,767 41,552,536 321,902 36,612,194 30,210,767 7,151,048 1,799,524 1,736,263 6,886,741 83,343,631
133,484,419 39.571,830 203,648 35,068,135 50,298,726 6,149,293 1,461,672 1,483,257 7,594,926 95,760,494
3,821
S50,000,000 under $100.000,000 (11)
1,060 1,572,856,782 472,655,391 1,909,594 383.914,506 645,699,755 32,033.098 6,885,872 3,982,604 86,196,536 956.766,848
9,377,684 27,787,664 391,775 26,199,685 11,424,709 5,888,796 670,301 7,980.453 382,898 173,308 84,765 670,185 1,635,692 788,844 371,869 7.304 0,772 5,500 7 978,878
74,686,300 159,816,895 2.816,116 205,671,044 106,870,115 64.058,778 4,651,066 48,183,699 3,421,686
544 82,383,048 34,030,719 1,874 28,298,997 17,713,851 1,745,227 402.812 213,593 459,904 73,860,813
518 928.145,427 432.163,521 357,043 302,129,577 156.602,354 15,693,341 3,327,883 1,463,078 32,394,062 776,036,937
626,717 5,727,315 211,024
19.315,899 63,444,789 lJ19,848 66,028,072 10.184.824 3,403,298 1,595,283 33,104,038 2,045,603 716,030 286,277 2,101,518 2,465,211 2,239,013 1.061,036 8,049 544,409 95,347 66 2,005,044
7,581,603 15,519,832 199.192
13,221~001 5,132,613 2,200,962 423,339 4.054,219 320,044 93,700 47,673 473,739 950,190 658,2138 255,395 1,189 5,258 9,705 4 380,491
14,502,974 5,385,888 2,585,419 400,647 5,004,986 296,588 92,600 47,343 366,166 833,304 541,203 227,249 3,037 2,723 9,264 5 436,6841
6,298,452 16,861,169 228,895 16,177,221 6,235,094 3,098,712 405,249 5,529,862 277,451 109,818 50,632 511,324 984,435 520,929 234,466 5,160 1,756 10,745 7 601,562
1,836 6,314,487 3,042,404 2,829,305 1 269,920 129,086 22,296 24,666 17,334 5,477,048
2,966 22,035,375 11,290,768 9,488,331 794,970 426,795 84,955 46,267 128,261 19,840,594
4,331 70,302,136 35,892,095 1,944 29,473,954 3,307,077 1,391,886 326,997 163,807 235,141 63,351,021
1,963 67,775.536 33,239,973 255 26,932,631 5,721,517 1,411,033 337,015
967 65,759,704 29,411,737 21,801 24,333,838 10,272,480 1,374,416 335,780
192,707 237,736 61.019,481
178,923 305,052 59,017,361
17,771 738,667 20,596 472,791 49,562 '24 13,286 163,832 10,272 3,740 3,149 -32.629 46,225 45,037 11,673
184,070 1,625,423 45,195 1,807,228 110,018 44,031 886,848 34,418 11,321 8,631 24,737 131,531 128,136 37,397 -3
289,293 4,982,531 106,358 4,661.300 309,455 2,621 117,337 2,190,458 94,850 43,880 20,945 141,106 228,792 213,987 85,716 355
397,979 4,659,098 111,5Q 4,565.592 328,273 18.094 113,998 2,255,219 99,562 45,618 20,797 132,355 188,262 165,895 71,088 666 5 5,243
12 562 11,486 -1
2,536 (1) 40,570*
2 5,467 41 137,985
(13)
1,391 213,804,759 38.067,754 225,069 46,695,743 117,862,737 7,229,523 1,366,136 1,726,172 11.786,961 146,191,589
7,294,673 14,392,024 205,681
226,317 5,466,086 113,788 4,838,327 331,536 11,843 121,271 2,162,620 99,621 42,875 23,801 237,350 317,380 304,993 108,653 71 1 13 6,598 1 2 6,572
$250000000 or'more
2,092 144,697,386 33,854,087 223,837 34,646,850 68,648,415 5,359,016 1,235,399 1,466,687 7,287,915 104,458,831
6,311,710 6,474,917 127,196 6,782,012 3,208,532 1,362,869 294,344 1,686,806 264,853 41,031 25,123 123,586 568,929 409,321 152,870 156 4,392 5,134 .1 206,881
321,1411
$100,000,000 under $250,000,000 (12)
130,7434 1
5,774,693 460,930 11,147 148,968 2,939,981 131,830 59,026 29,805 130,843 205,179 164,329 74,434 1,259 309 7,768 g 5 55 67 1
1,706,357 548,466 7.947,183 10,095,672 7,546,467 3,611,932 21,595 717,032 1 50,424 135 5,099,804
RETURNS OF ACTIVE CORPORATIONS
Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Size of total assets
Total Malor industry, item
active corpora tion returns
Zero assets
$1 under $100,0 00
$100,000 under , $250 000
$250,000 under $500,000
$500,000 under $1,000.000
$1,000,000 under $5,000,000
$5.000,000 under $10,000,000
$10,000,000 under $25,DDO,ODO
$25,000,000 under $50,000,DOO
$50,000,000 under $100,10DO,ODO
$100,000,000 under $250,000,000
$250,000.000 or more
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Finance Insurance, and Real Estate: 6redit Agencies Other Than Banks Number of returns ..................... ...... ...............
52,873
3,562
26,184
7,966
4,965
2,543
2,567
896
1,509
1,202
736
496
247
Total assets ............................... ..... . .......... Notes and accounts receivable , net .............. ........ .. Inventories ....... .. .... ... . .................................. Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ........................... ...... . ...... Less: Accumulated depreciation ..... ... ....... ..........
429,401,942 38,980.971 1,148,805 38,237,883 336,894,794 9,502.071 2,945,227
-
914,482 198,232 (1) 252,765 278,051 94,424 48,375
1,212,705 426,249
1,713,807 606,532 295,648 537,432 116,922 39,679
5,645,203 1,889,861 8,802 804,216 2,333,510 371,843 110,285
6,679,293 1,344,913
260,269 283,144 104,454 53,915
1,755,005 811,989 -7,387 243,240 457,791 86,101 32,821
a4l,482 4,131,151 208,519 52,866
25,387,116 3,676,765 10,261 2,469,674 18,293,438 584,981 129,691
42,835,210 4,544,681 14,979 3,652,926 33,337,343 755,996 188,056
51,786,880 2,637,080 25,728 4,484,321 43.278,634 896,785 216,547
76,146,498 421,090 74,219 6,645.264 66,795,506 1,394,581 328.746
215,325,743 22,423,579 1,003,078 18,288,078 167,168,794 4,887,465 1,744,246
Other capital assets less reserves' ...................... .... Accounts and notes payable, .... ........................... Other current liabilities ................................ ...... Mortgages, notes, and bonds payable in one year or more ............ ................................ ......... Net worth ......... . .... ... . ............... .................. Cost of property used for investment credit ....... ..........
2,667,225 45,531,284 293,88,4,260
-
106,150 129,145 20,572
121,366 378,213 62,093
158,813 282,069 153,808
132,983 434,295 138,165
268,354 1,462,961 1,626,645
94,346 1,484,975 3,665,481
171,406 3,734,144 18,005,892
256,262 4,425,546 32,654,989
303,877 4,204,676 42,330,067
346,096 4,173,242 64,742,701
707.572 24,822.018 130,483,847
55, 290,543 22.859,050 611,033
-
97, 985 359,741
154,779 403,573 6,832
297,273 695,811 11,085
435,092 451,081 5,089
1,174,353 816,994 27,804
767,609 466,026 22,546
1,469,102 1,614,449 25,488
2,943,236 1,964,428 42,889
2,279.332 11,1146,227 46,248
3,063,600 2.385,889 87,574
42,608,182 11,854,831 325,532
Total receipts ..................... . . .... ............... . Business receipts ................. .................. ........ Cost of sales and operations ....................... ........ Taxes paid .............................. . .................. Interest paid .............................................. ... Depreciation ............ .............................. ......
40,920,263 10,273,448 4,508,241 726,100 23,828,454 6D9,470
338,720 114,034 6,692 140,205 3,364
154,809 69,791 '637 9,372 14,733 7,002
184,556 85,216 -8,420 12,839 24,473 6.421
233,336 81,135 -2,757 14,739 47,446 7.617
301,062 127,463 44,510 11,827 63,233 5,602
743,129 297,854 36,361 24.255 264,635 18,316
736,090 235,520 11.961 17,970 339,733 17,764
2,030,972 202,608 11,950 35,391 1,365,264 26,702
3,305,037 264,955 23,227 50,650 2,337,960 44,938
3,973,119 316,250 31,525 59,983 2,838,453 44,475
5,831,135 466,768 115,766 103,541 4,097,432 71,716
23,OB8,298 8,011,854 4,216,722 378,841 12,294,887 355,553
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) .................. .................. Net income .................. ........... . ............... Income subject to tax ....... ........ . ... ... ............. Income tax , total ........................................ .... Additional tax for tax preferences ..........................
199,768 103.659 1,293,015 2,064.276 1,867,951 826,883 25,793
1,095 346 11,368 42,117 30,150 10,979 161
'706 -9.692 40,263 26.973 5,230 -
706 -1,154 48,189 37,616 8,891 -
*855 887 10,691 56,506 l.)40,964 10,168
1,273 636 13,030 55,275 47,609 13,334
5,094 2,383 5,127 92,946 65,988 22,558 -
4,972 Z962 23.115 57,242 46,441 15,832 -5
10,538 4,840 68,232 98,236 90,701 30,492 512
17,224 7,800 88,904 149,401 138,990 56,208 2,293
22,251 9,471 113,236 166,528 162,901 73,748 3,877
30,657 13,513 71,840 193,644 186,345 .90,016 5,953
103,622 59,409 898,318 1,063,929 993,273 489,427 12,992
Foreign tax credit ............................................ Investment credit .............................. .............. Work incentive (WIN) credit ............................. . .. Distributions to stockholders except in own stock ............
32,578 30,910 18 591,771
'73 192 -
88 -
goo
129 1,002 1 10,125
448 1,779
856 1,939 1 14,054
122 3,007
57,799
;3 7 2 15,904
30,943 20,840 12 360,441.
Number of returns ..... ........................... ..........
4,580
269
2,592
'516
'l 77
321
413
98
94
40
20
19
21
Total assets .... ... . ................. .................. ... . Notes and accounts receivable, net ............... ......... Inventories ........... ........... .......... ........ ....... Cash, Government obligations, and other current assets ..... Other investments and loans, ......... ...................... Depreciable assets ............ ..... ........................ Less: Accumulated depreciation ....... ....................
31,161,002 11,865,196 10,009 14,882,697 2,592,980 678,928 278,945
-
68,382
*73,801 1 3,949 -
216,222 57,228 103,476 38,842 14,665 5,140
892,303 287,973
667,994 243,585 -
445,538 79,680 43,050 23,218
296,125 76,703 22,658 11,291
1,529,519 654,924 9,270 536,169 221,124 75,557 30,837
1,352,735 577.461 110 486,973 212,411 82,614 32,667
1,404,528 454,743 696,357 188,605 49,145 15,173
3,544,906 1,253.499 -
24,398 '10,481 34,845 20,617
'57,009 '23,030 *20,819 - 11,919 -2,821 - 1,658
1,707,007 364,528 117.516 50,412
21.353,603 8,290,619 I 10,537,129 1,369,079 225,323 80,167
Other capital assets less reserves' ........................... Accounts and notes payable' ......... ............ ... ..... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or......... . more ............................................ Net worth ...... .. .. .......................................... Cost of property used for investment credit ............ ... .
86,543 19,517,223 5,167,027
-
*790 23,363 30,720
76.324 14,985
8,067 409,452 111,791
-1,177 350,539 83,983
5,022 734,006 189,560
6,290 734,958 272,639
13,013 658,754 360,226
16,236 1,578.557 1,079,637
34,054 14,897,336 3.006,823
1 ,091 ,886 4,032,795 85,776
-
378 *2~,177 *594
'12,837 98,260 1,820
38,228 292,766 3.079
36,112 148,481 1,952
104.113 451,729 4,566
94,487 177,307 6,931
85,065 223,128 9.438
298,474 396,783 9,843
420,964 2,207,362 36,149
'58,590
'34.618 '29,930
136,337 76,578
514,106 339.690
*11,790 ' 381
' 1.045
4,644 3,302 1.682
15,478 16,506 4,372
308,571 216,485 11,665 9,248 13,141 2,696
606,543 423,753 7,604 20,282 31,742 6,710
447,619 297,148 47,898 13,654 28,228 6,440
378,662 234,1310 7,392 11,754 24,826 7,943
869,859 447,504 24,857 38,042 88,192 15,363
2,867,270 195,1135 689 109,705 440,112 27,825
-1,300
1,590
' -4,181
' 1,268
'1.236
1.004
-684 5,708 2,893 615 -
11,310 2,566 45,194 55,850 39,361 15,855 -
8,279 1,291 26,829 34,230 26,717 11,811 -
13,971 5.559 61,735 69,468 56.679 26,358 2
7,164 4,441 16,285 33,213 27,195 12,576 29
9,373 4,764 39,686 39,971 35,816 17,202 215
13,522 5,713 65,806 78,262 69,051 32,880 -
36,865 19,774 380,933 385,133 344,397 164,459 -
161
121
97 373
457
134 3, 198
446 706
2,099
(1)
* 16,519
16,978
12519,242
7,834
-4 12,022 1
(1) 38,840
(1) 22,013
Finance, Insurance, and Real Estate: Security, Commodity Brokers and Services
Total receipts ........... .......... ......................... Business receipts ......................................... . . Cost of sales and operations ................................ Taxes paid .................................... ............ . Interest paid ............ .................................... Depreciation ...................... ...........................
6,484,077 2,553,507 154,281 231,018 651,432 79,436
income subject to tax .... ........ .......................... .... Income tax . total .. .......... ......................... .. Additional tax for tax preferences ............ ..... .......
103,669 47,924 631,064 715,269 612,685 284,283 24
Foreign tax credit ......................... ....... . ... .... Investment credit ............................................. Work incentive (WIN) credit .................................. Distributions to stockholders except in own stock ............
3,028 6 ,230 1 77,414
Pension , profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............................. I .... Net income (less deficit) ................................... . Not income .. . ... .................. . ....... .......... ...
-1,184 16,956 11,886 1664
1,088 2,441 1,693 '653 .1
'19,608 '10,734 -7,765
'28 '10,242
-11 , 912 -8,443 244,946 241,703 *26,578 4,362 3,610 4,521 -1,757 -2,895 7,059 6,643 1,405 '4~6
of the Data." Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations
1,777
*403
'~4 20
422 90 1
1,438
2,950
2,350 3, 505 (4 )
(1) 5,512
6,999
9611
4,B35
50,907
-4 40
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued JAB figures am estimates based on samples-money amounts are in thousands of dollars] Total &I* riclustry. dem
Size of total assets
coactive rporation returns (1)
Zero assets
$1 under S100,000
$100,000 under $250.000
$250,000 under $500,000
$500,000 under $1,000,000
$1,000,000 under $5,1500,000
S5,000,000 under $10,000,000
$10,000,000 under $25,000,000
$25,000.000 under 000 .000 $50,
S50,000.000 under S100,000,000
$100.000,000 under $250.000,000
S250 .000.000 or more
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
112)
(13)
Fatiance, Insurance, and Real Estate: Insurance Nundber of returns .................. .........................
7,133
345
2,593
799
473
530
970
343
365
216
157
157
185
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ..................................... ............. Cash. Government obligations, and other current assets ..... Other investinents and loarts. ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................
410,752,292 8,738,792 531,735 66,336,150 312,824,747 8,069,898 1,370,768
-
71,247 19,527 31,306 8,227 13,203 6,438
127,433 34,660 49,120 17,406 22.648 8,004
165,079 14,273 -
386,588 32,719 -
2,430,520 72,767
99,312 30,254 13,833 -4,643
213,967 106,094 14,904 4,988
2,327,864 95,278 1,062,058 1,018,976 65,471 13,575
1,012,234 1,160,623 76,767 9,467
5.876,657 95,583 18 2,123,554 3,306,131 108,465 8,081
7,534,010 181.316 10 23,395,974 4.430,148 153,928 9,592
.11,020,692 260,390 6,656 3,250,425 6.822,582 256,710 30,761
24,326,425 308,020 42 6,609 ,850 15,679 .714 581,094 46,135
356.485 .777 7,624,259 524,981 49,488 ,350 280 ,244 ,592 6,762,875 1,229,084
Other capital assets less reserves. ........................... Accounts and notes payable. ............................. Other current liabilities ....................................... Mortgages. notes. and bonds payable in one year or .............................. Netmore worthi ...................... .................................................... Cost of property used for irwestment credit ..................
721,459 11,563,180 58,318,315
-
37,548 3,675
32,214 10,220
'1 4,993 13,950
48,513 39,834
6.993 123,427 411,003
4,035 72.169 455,947
5,593 126,938 1.298,218
7,812 161,096 1,482,251
16,236 251,239 2,470,939
44 ,831 575 ,968 5,906 ,782
625, 788 10, 119, 075 46 .225. 496
6,279,044 57,327,152 763,077
-
14,614 702
-8,256 53,310 1,756
91,805 350
'27,964 166,788 2,529
20,319 928,552 8,255
'32,317 812,918 5,023
46,480 1,546.236 11,336
32.334 1,765,810 12.768
82,274 2,412,010 26,485
230,610 4 ,497 ,601 42,465
5 ,791 , 147 45 ,037, 508 651,199
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ................................. ................ Depreciation ........... ......................................
135,482,425 109,727,641 68,976,087 2,992,823 1,765.525 965,136
81,294 58,219 37,804 1,286 210
184,140 180,449 74,210 4,595 982 2,391
143,942 136,781 39,805 4,254 1,222 2,484
85,147 68,366 19,312 1,731 736 922
216,010 190,655 65,061 4,857 3,667 1,865
1,390,119 1,214,658 555,179 26,675 7,965 7,083
1,565,142 1,337,475 772,661 26,771 8,043 5,630
3,204,660 2,808,322 1,574,948 70,314 13,227 10,091
3,935,256 3.425.934 1,997,860 87,275 20,254 13,848
5,467,468 4,752,032 2,813,050 125,739 32,660 26,142
10,333,021 8,739,543 5 ,255, 336 227,821 67,165 45,905
108 ,876, 226 86 ,815,207 55 ,770,861 2,411 . 505 1,609.394 848,512
Pension, prallil-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............... ................ Net income (less deficit) .................... : ................ Net income ................................................ Income Stibled to tax ........................................ income tax. total ............................................. Additional tax for tax preferences ..........................
959,133 229,525 3,114,437 5,231,845 4,271,354 2,024,449 215
-2 '95 -7,657 2,559 1,667 579 -
7,690 15,129 4,316 817 -
3,438 479 7,577 9,119 6,750 1,639 -
1,065 120 9,649 12,987 7,188 1,813
1,680 970 6,356 14,999 12,136 3,589
5,311 4,752 16,279 79,599 53,952 21,149
6,549 3,779 8,205 54,802 36,325 15,903
12,650 5,907 -34,541 88,115 55,912 25,172 62
16,339 8,077 964 110,951 73,043 33,672 -
25.979 10.673 -63.886 102,987 64,744 29,777 19
50.319 22,063 26,281 318:591 193385 , 91 488 5
835, 569 172.299 3,137,520 4,422,007 3,761 ,936 1 , 798.851 129
Foreign tax creclit ............................................ investment credit ......................... ........... ....... Work Wicentive (MN) credit ........... ........... .......... Distributions to stockholilers except in own stock ............
134,917 27,770 65 1,405,021
-2 '75
-2 -
136
3 1,711
33 810
-3 85 .1
5 293 1 18,936
86 520 1 26,652
623 790 1 41,714
4,785 1,352 2 89.982
129,404 24 ,221 57 1,207,336
165
.9 335 -2 8.201
3,512
Fmance, Insurance, and Real Estate: Insurance A nts Brokers, and =6 Number of returns ................................ ...........
Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash. Government obligations, and other current assets ..... Other investments and loans' ........... .................... Depreciabliet assets ............... ........................... Less: Accumulated depreciation ............................ Other capital assets less resolves' ................ .......... Accounts and notes payable. ................................ Other current liabilities .................... .................. Mortgages. nDtm and bonds payable in one year or ........................................... Netmore worth... .................................. ..... . I ............... 1. Cost of property used for investment credit .................. Total receipts ................................................ Ellusiness receipts ................. .......................... Cost of sales and operations .... ................ .... ... Taxes paid ............................ ..... . . . ... - Interest paid ............................ .................... 1 Depreciation ........................................... ...... Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............................. ... Net income (Less deficit) ........... ........ . . . . .. Net income .................... .. .. .... - - Income, subied to tax ..................... . ... Income tax, total ............................. .. Additional tax for tax preferences .......................... Foreign tax credit ............ ............ ............. investment credit ........................ .... . .. - .. Work iventive (WIN) credit ........ ...... ............. .... Distributions to stockholders except 'in own stock ............ 1
35,950
722
23,341
7,206
2,696
1,190
670
-
65
39
11
7,663,848 3,030,683 9,184 1,950,173 1,300,872 901,579 377,904 208,237 3,891,441 634,563
4
6
657,662 223,411 '768 201,565 54,279 173,824 83,441 15,312 299,811 58,459
1,119,684 447,666 256,402 93,839 160,661 74,404 55,357 577,084 70,000
916,556 385,351 241,236 97,614 120,746 55,791 24,631 548,389 57,366
780,811 327,667 213,388 65,804 95,254 41,456 27,160 429,916 61,125
1,199,502 519,979 * 1, 164 311,449 191,741 131,215 48,620 35,915 771,021 102,883
456,156 145,088 * 1 14 130,362 121,076 48,976 14,473 9,810 167,175 56,543
572,897 218,046 3,445 143,139 134.924 55,422 15,819 9,366 231,482 91,809
374,360 144,237 3,169 113,808 67,340 28,689 10,900 15,404 180,207 47,306
310,361 143,524 104,958 43,663 9,994 3,846 4,035 153,959 9,625
1 ,275,859 475 ,714 459 233 ,866 410,592 76 ,798 29,154 11 ,247 532,397 79 ,447
676,717 2,006,232 171,534 7,242,138 6,968,290 1,708,106 198,923 85,811 118,841 131,949 55,254 411,852 551,888 412,743 150,988 ' 13 5,406 4,138
32,431 * 28,675
57,216 155,991 36,347 1,928,636 1,905,670 741,960 38,062 8,073 23,690 19,326 6,416 36,731 85,026 43,220 8,287 -
108,534 334,093 42,269 1,295,717 1,262,662 310,460 35,210 14,309 26,947 22,133 9,040 58,926 77,160 53,650 10,961 -
86,554 186,005 43,565 856,428 831,452 102,971 26,376 9,505 16,242 17,177 11,903 29,144 56,829 39,571 9,724 -
64,235 209.501 9,497 633,070 611,479 111,742 16,580 7,355 10,557 18,379 3,930 39,153 48,569 35,173 1 1,!J 13
128,757 148,247 11,777 849,866 810,888 153,102 23,540 14,148 15,643 18,330 6,451 49,307 66,969 47,844 18.869 -
75,305 120,553 5,899 310,951 283,657 45,977 10,268 9,564 6,523 8,782 2,963 13,963 23,078 14,159 6,694
30,503 77,222 4,412 208,467 195,852 41,066 5,876 5,004 3,260 3,527 1,789 13,540 16,405 15,443 7,350
6,550 74,846 1,971 91,745 83,967 3,749 2,875 994 2,729 1,391 19,476 19,476 18,304 8,734
75 ~416 568 ,525 11,653 627 ,011 570 ,460 5 .096 28 , 190 10 ,428 9,575 17 ,499 9 .091 126 .054 126 ,054 120 ,721 57 .900
322 8,4151
427 10,270
475 3,878
43,647 131,249 4,144 407,816 383,528 195,657 10,494 4,506 5,221 4,067 2,271 19,812 25,998 24,402 11,261 -3 260 (1 2.773
614 297
86 103
58 151
4 ,645 893
10,193
.788 1
4,935,
69,127
171,4791
.9 5,746
(1)
611 1 40,094
Footnotes at end of table. See text for *'Explanation of Terms" and ' Description of the Sample and Limitations of be Data.
0
594 15,932
RETURNS OF ACTIVE CORPORATIONS Table &-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All Wes are estimates based on samples-money amounts are in thousands of dollars) Size of total assets
Total Major industry, item
co active rporation returns
Z ero assets
(1)
(2)
$1 u nder S100,000
S100,000 under $250 '000
$250,000 under $500,000
$500,000 under $1,000,000
S1,000,000 under S5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $25,000,000
$25,000,000 under $50,000,000
S50,000,000 under $100,000,000
$100,000,000 under $250,000,000
$250,000 ,000 or more
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
f1l)
(12)
(13)
Finance, Insurance and Real Estate: Real Estate 255,603
10,710
127,285
58,569
30,310
15,135
11,551
1,213
536
181
64
49
Total assets ............................. .............. . ... Notes and accounts receivable, net ................... Inventories .................................................. Cash, Government obligations, and other current assets . ... Other investments and loans' ........... .................... Depreciable assets ............................. ... . . ... . Less: Accumulated depreciation ............................
97,779,522 8,582,056 1,377,743 12,550,495 12,863,062 60,214,740 20,048,406
-
5,054,435 336,109 20,375 902,310 536,484 3,695,638 1,707,541
9,413,202 733,685 67,108 1,204,462 910,964 7,105,570 3,304,340
10,654,292 899,281 125,685 1,333.876 1,003,291 7,432,747 2,936,303
10,450,120 775,570 55,256 1,317,384 1,091,682 6,957,506 2,540,332
22,897,409 1,772,120 243,892 2,999,138 2,536,435 14,929,351 4,802,082
8,243,187 563,435 82,049 1,031,389 985,986 5,311,556 1,468,292
8,009,997 620,890 277,395 1,061,773 1,094,184 4,591,729 1,213,707
6,077,357 452,822 171,642 792,032 921,520 3,079,835 777,858
4,303,509 501,189 165,893 476,357 692,751 2,063,104 534,490
12,676,014 1,926,955 168,448 1,431,774 3,089,765 5,047,704 763,461
Other capital assets less reserves~ ........................... Accounts and notes payable. ................................ Other current liabiddies .................... ... ..... . Mortgages, notes, and bonds payable in one year or more ............................. Net worth ............................ ...... ...... Cost of property used for investment credit ........... .....
18,590,971 15,577,560 3,707,914
-
1,145,770 765,293 217,044
2,506,657 1,219,154 295,465
2,563,559 1,476,554 339,640
2,493,000 1,476,768 315,492
4,372,250 3,856,040 723,547
1,327,859 1,470,411 281,039
1,239,836 1,472,571 316,989
649,535 1,144,439 207,491
685,295 836,657 164,160
1,407,210 1,859,673 847,047
47,046,278 21,301,365 583,195
1,760
1,592,663 1,574,703 45,167
3,289,857 3,473,483 46,087
4,231,959 3,374,493 76,957
4,764,596 2,834,964 58,705
12,214.906 4,242,505 129,495
4,772,537 1,124,286 38,389
4,670,050 864,468 36,072
3,412,795 769,092 18,668
2,325,000 357,616 28,325
5,771,915 2,685,755 103,570
Total receipts ............................ .. .. . ...... lkisiness receipts .......... ............... . ......... . Cost of sales and operations ............. . ...... Taxes paid ....................................... . Interest paid ............................... ... ...... Depreciation ............................... .. . .... . . . .
26,919,507 14,566,398 5,337,527 2,536,111 4,352,157 2,389,536
396,954 175,583 80,624 48,508 88,904 41,536
3,682,893 2,654,887 585,449 260,271 181,003 195,032
3,388,077 1,718,877 502,726 371,025 342,669 303,821
2,920,441 1,351,416 502,928 327,204 393,964 294,179
2,650,843 1,205,018 355,092 290,233 435,454 277,513
4,935,882 2,374,850 904.956 537,108 1,018,198 550,345
1,551,633 778,467 292,180 171,919 385,168 187,465
1,754,838 1,005.590 504,724 150,122 407,703 158,046
1,350,927 793,883 418,256 105,858 310,053 108,976
901,322 451,418 196,530 71,114 223,323 74,419
3,385,697 2,056,409 994,062 202,749 565,718 198,204
Pension. profit-sharing, stock bonus, and annuity plans ... Employee benefit programs ............... . . . ... . Net income (less deficit) ............. .... . . . ...... . Net income ......................... _.. - .. . . .. . Income subject to tax ................... . ..... .. .. Income tax, total .................... .. . ............ Additional tax for tax preferences ......... ........ .. ..
89,620 57,395 652.312 2,754,837 2,097,107 674,022 1,684
248 -42,539 56,470 34,310 9,520
10,450 7,670 88,769 317,981 187,317 39,769 -
16,477 4,380 301,738 452,262 381,580 88,706 (4)
11,483 4,586 258,824 425,313 345,540 92,035
11,226 4,968 176,742 332,791 280,988 85,224 '13
15,413 10,123 75,434 508,409 375,326 136,749 299
4,256 3,380 -56,123 121,764 92,096 38,232 144
3,414 3,458 -60,518 138,908 85549 36:311 252
3,756 3,843 -93.B38 58,466 38431 17:357 214
2,278 1,983 -68,936 64,085 48,038 22,931 124
10,722 12,756 72,759 278,388 227,932 107, 4188 76
Foreign tax credit ...................... . . . .... . ..... Inveshyrerd credit .......... ................ Work incentive (WIN) credit ................. . .... ....... Distribuixirts to stockhokies except in own stock ............
1,359 26,294 -8 504,855
34 42,677
797 (1) 66,988
(1) 2,605
3,027
1.954
59,502
38.727
24 839 (4) 23,148
2 856 12,484
40 2,134 10,249
800 8,022 -
123,1491
'333 1,230 26,639
Number of returns ...................................... ....
160 4,796 -8 77,278 1
24,014
Finaince Insurance and Real Estate: Holding and Other Investment Companies, Except Bank Holding Companies 41,589
3,070
20,596
7,519
3,677
2,531
2,832
446
357
208
144
134
75
Total assets ........................... .... .. ... ... . . Notes and accounts receivable, net ........ ............. ... Inventories ......................... . . ......... Cash. Govenment obligations, and other current assets ..... Ofther trivestryients and loans' ............. ... _ .... - - Depreciable assets ............................ .. - - .. Less-. Accurnulated depreciation ...................... .....
102,365,747 4,449,080 65,093 10,933,256 78,734,191 5,609,896 1,014,373
-
809,936 107,836 225,076 316,791 87,318 51,298
1,162,093 125,769 317,247 499,395 178,324 90,585
1,322,917 150,072 358,132 602,384 102,816 37,770
1,760,858 220,004 367,096 927,856 130,219 68,763
5,908,523 502,311 '11,194 1,057,764 3,546,235 435,745 148.424
3.120,811 266,921 569,268 1,905,777 255,709 88,847
5.635,445 394,233 19,569 803,931 3,853,889 343,008 74,392
7,535,211 431,340 13,683 693,791 5,608,447 637,198 105,584
10,111,712 445,424 3,759 1,300,594 7,349,700 708,862 98,802
21,080,665 852,079 855 2,441,984 15,720,606 1,530,031 131,056
43,917,576 953.091 3,663 2,798,373 38,403,111 1,200.666 118,852
Other capital assets less reserves2 ... ................ . . .. Accounts and notes payable3 ... ..... _... ... .... Otheir current liabilities ................ o .... .... Mortgages. notes, and bonds payable in one year or InDre ................. . . ...... . .... ... ..... . Net worth .................. ...... ... ... . - .. Cost of prop," used (or investment credit ..................
2,327,797 9,911,872 1,309,891
-
105,379 117,379 32,615
95,022 109,403 35,740
106,415 146,232 36,542
130,188 165,181 61,210
382,403 581,040 120,953
107,531 280,391 60,992
141,233 352,459 90,142
155,247 710,944 76,337
265,308 877,578 106,453
432,748 3,568,207 319,559
406,323 3,003,058 369,348
10,262,451 75,589,416 93,691
314
121J50 299,527 4,852
111,939 791,944 12,606
171,315 825,634 5,470
247,917 1,132,109 6,414
669,139 4,175,278 24,441
475,418 2,166,534 9,947
703,306 4,328,503 8,532
778,955 5,783,442 7,166
1,122,252 7,288.244 4,915
2,692.580 13,392,167 5,100
3,168,480 35,406.034 3,934
8,110,559 1,094,882 479,983 223,037 1,505,778 187,371
41,178 -4,419 '896 2,166 4,312 1,439
231,443 63,988
202,372 9,164
191,136 64,986
11,039 14,206 9,595
11,896 17,694 8,533
781,473 199,514 94,096 30,712 109,715 26,387
405,532 147,039 78,745 13.911 49,367 11,659
474,710 77,147 43,916 15,691 64,099 12,351
594,368 98,661 54,491 19,997 113,029 24,276
799,313 68,344 32,121 18,912 152,506 23,916
1,505,118 75,152 26,833 33,454 521,976 29,838
2,684,329 270,338 122,907 43,268 424,829 24,660
-
12,352 15,092 7,113 -
199,587 16,130 1,221 9,639 18,953 7,604
9,626 22,551 12,327 4,160 .1
'169 3,311 70,578 35,171 8,163 -
46,944 64,534 37,165 10,912 -
'78 223 76,091 95,808 57,026 17,117 -
2,970 1,413 198,074 286,634 124,027 44.472 ' 149
1,587 2,809 77,011 143,362 55,204 22,434 -4
1,470 1,145 187,518 215,005 50,295 21,715 290
710 448 199,205 236.076 34.114 14,370 146
1,590 1,553 339,393 403,126 25,231 10,986 259
1,385 410 349,771 640,863 13,209 5,669 6
4,449 2,121 1,255,725 1,554,103 21,720 10,453 30
540 1,314
4,050 190
4,388 303
2,099 82
40 290
194,784 -1
114,533 -1
176,005 - 1
211,936 - 1
407 207 655,305
9,184 56 1,433,711
Nurnter of retums ..................... .. ..... . . . .. . .
Total receipts ................ .... .. . .. ...... . . . ............. Business receipts .......................... Cost of sales and operations .......... ... .... . ..... ... Taxes paid ........................ Interest paid .......... .... . ...... .. .. Depreciati. ............ . . .... ... ..... pensioR probf-shaning. stock bonus, and annuity plans ...... Employee benefit programs . ~ - ~ ................... ...... Net incorne (less deficit) . ....... ...... Net income ............... . ........ ... - ... . . . Income subject to tax .. ~ ............ ....... ..... .. Income tax, total .... ....... ....... . . .. ...... AAffixtrall tax for tax preferences ..................
21,629 11,308 2,782,263 3,803,561 507,428 180,770 B85
... .... Foreign tax credit ............... . ........ . fivesortem credit ................ ..... .. ..... . ... .. Work irwentive (WIN) credit ............................. .... Distributions to stockholders except in own stock ........ _.. _
22,118 3,4176 (1) 3,350,1
6 -4 39,9 *
54 ~ 22,356 *
Footnotesal orulot table- Seetext for "Explanation of Terms" and "Description ofthe Sampleand Limilationsof theData."
'7.290 39,594 70,921 41,939 10,319 428 29,388 1
220 31,05- 1
1,404 328 (1 ) 44,181 1
395,906 -1
-4 A
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [Ail figures are estimates based on samples-money amounts are in thousands of dollarsl Major industry, item
Total active corporation returns
(2)
(1) Total Services Number of returns ............................................ Total assets .................................................. Notes and accounts receivable, net ... _ .................... Inventories .......................... ........................ Cash, Government obligations , and other current assets ..... Other investments and loans- ............... ................ Depreciable assets ........................................... Less: Accumulated depreciation .......... : ................. Other capital assets less reserves, ........................... Accounts and notes payable~ . ............................... Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ....... ............................................. Netmore worth ................................ ................... Cost of property used for investment credit .................. Total receipts ................................................ Business receipts .................................. _ ........ Cost of sales and operations ................... ............. Taxes paid ................................................... Interest paid .................................................. Depreciation ......... ............................. ......... Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) .... .................. .......... _ Net income ................................................ Income subject to tax ............................ ... ... I ..... Income tax, total ............................................ Additional tax for tax preferences .......................... Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit ... . ............................. Distributions to stockholders except in own stock ............ Services: Hotels and Other Lodging Places Number of returns ........................................... Total assets ................................................ . Notes and accounts receivable, net ........................ . Inventories ................................ ................ 1 Cash, Government obligations, and other current assets ..... Other investments and loanv ................................ Deprec iable assets ........................................... Less: Accumulated depreciation ............................ Other capital assets less reserves, ............ .............. Accounts and notes payable, ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or ... I .......................... Netmore worth... ........ ... . ............................................... .. . Cost of property used for investment credit .................. Total receipts ......................... ...................... Business receipts ..... ........................................ Cost of sales and operations ................................ Taxes paid ................................................... nterest paid ~ ......................... ....................... Depreciation ................................ . . ............... Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .... ............................. Net income (less deficit) ..................................... Net income . .......... ......................... .......... ncome su bject t o tax .............. ......................... ncome tax, tot a l ............................................. Additi onal tax for tax preferences ........................ Foreign tax credit
............................................
nvestment credit ......................................... ... Work incentive (WIN) credit ..... ............ ............... Distributions to stockholders except in own stock ............
ass Zero 7 ets $1 under S 100,000
S$100,000 under 250,000 (4)
(3)
435,672 90,534,067 14,481,901 4,452,947 12, 733 ,693 12,949,154 60,178,165 24,651,082 5,785,710 19 ,559 ,762 8,434,818
20,274 -
324,098 8,162,259 1 ,181 , 554 421,756 1,991,995 760,343 6,647,150 3,615,451 299,259 1 ,977 ,439 827 ,249
49,855 7,791,655 1 ,279 ,649 375,184 1,431,368 726 ,170 5,848,024 2,862,810
27,083,346 26,855,374 6,028,056 131,377,364 125,747,462 63, 724,869 4,444,485 3,279,438 6, 760 ,323 2,361,011 662 ,819 3,396,744 6,025,592 4 ,468 ,681 1,640,778 978 73,281 243,184 676 855,402
28,303 972,218 881,089 470 ,418 60,846 24,367 39, 174 12,347 4,419 -25,495 105,763 58,421 22,245 -
1,330,681 2,352 ,647 814.500 37,148,209 36,509,416 13 ,310, 414 1,140,429 218,812 768,253
1,372 43,497
22,200
16,047 12,420,791 722 ,108 228,837 869,680 1,677,720 10,854,369 3,767,989 1,344,871 1,598,883 574,935 6,140,414 2,897,215 301,293 9,216,277 8,557,063 4 ,333 ,078 528,108 606,832 620, 064 18,178 38,206 55,633 400,721 279,149 106,354 414 951 13,011 11 57,064
-d M t.hl~~ 1- 1-1 M, "F-lanatinn nf Tprm," -1 'D,-infi,n
$250,000 $ under 500,000 (5)
$500,000 under $1,000,000 (6)
21,300 7,383,790 1 ,150 ,202 313,353 1,180,178 635, 640 5,725,124 2,560,939 651,655 1,521,203 516,974
10,661 7,382,782 1 ,129, 943 328,595 941,043 546, 172 5,931,739 2,416,469
1,736,101 2 ,826,655 609,095 15,764,055 15,327,997 8,074 ,44 9 552,595 208,925 557,721 231,825 87,380 436,330 733,716 549, 715 133,833
2,110,390 2,565 ,676 419,393 11,735,943 11,400,651 6,314,709 420, 119 230,457 468,734
2,557,262 1 ,906 ,760 411,279 9,337,408 8,924,172 4,991,295 354, 924 285,625 537,559 90,865 45,490 294,197 484,199 340,901 122,902
1,597 17,491 ' 25 83 ,497
16,993
171,109
(1) 23,274 54 59,961
617 -
5,056 213,038 5 ,711 2,656 28,305 16,610 260,194 141 ,604 29 ,992 42,414 8,400
4,378 735,896 33 ,633 11,351 40,338 45,816 802,115 352,898 135,201 92,298 22,623
2,577 906,086 36,811 14,100 79,287 40,149 954,648 385 ,256 141 ,518 98,090 31,485
1,739 1,214,710 47,243 21 ,377 80,587 49,635 1,291,847 487 ,869 177 ,106 132,284 43,702
'850
55,189 -8,221 5,623 423,940 404,717 193 ,941 26,893 11,447 23 ,891)
318,092 196 ,559 18,879
460,675 215 ,515 18,095 734,321 709,979 315,038 47,155 40,760 51,811 1,286 2,606 29,248 44,574 20,094 5,289 -
689,847 193,061 34,682
689 *6,038,
1,257 -
51,326 43,137 25,207 3,069 4,142 3 ,427
-2,359 3,717 1,807
1,224
f th~ q.-. - I -. -- ~f
601,371 1,705,809 647, 519
1,508.695 196,7 21 378,190 1,175,701 704 ,213 145,077
647,435 624,708 263 ,353 49,243 31,270 49, 365
-6,272 23,1713 7,351 1,497
-216 30,033 13,265 2,863 534
1,4N, n-
-
-2,7T7,
142,167 49,228 421,168 579,297 384 ,832 109,405
Size of total assets S1,000,000 $5,000,000 under under S5,000,000 $10,000,000 (7)
648,837 1,695,215 501 ,957
48, 009
1
7,999 15,806,198 2,481 ,87 6 780,343 1,873,767 1 ,535 ,394 11,440 , 121 4,287,161 1,246,019 4,083,458 1 ,150 ,660
759 5,249,572 883,237 288,789 578,939 558 ,17 2 3,700 ,813 1,342,481
5,721,177 3 ,508, 320 1 ,085, 502 18,345,607 17,309,300 10,104,873 654 ,886 660,711 1,187,918 136,762 97,806 474 ,952 867,646 655,307 275 ,274
1,973,595 990,548 439,016 4, 688,940 4,397,220 2,396,129 173 ,888 215,432 392,264 35,318 21,703 145 ,774 290,361 233,336 107.003
4 ,019 36,565 193 103, 915 ,
1,439 2,802,261 104,333 36 ,215 185 ,715 218,024 2,818,768 973,259 316,338 391,095 134,702
853,674 811,577 403,951 60,623 63,267 70,211
1,796,279 231 , 746 70,962 1,985,271 1,854,146 950,251 120,724 170,747 153,113
1,266 17 35,837 21, 25 6, i 36 -
3,124 7,695 -17,779 77,306 42,063 15,777 -
8,100 ,
2,054 -5 11,246 ,
$10,000,000 under $25,000,000 (9)_
$25,000,000 under $50.000,000 (10)
$50 ,000, 000 under $100,000,000 (11)
$100000000 uridei $250,000,000 (12)
$250,000,000 or more (13)
446 6,814,017 1,227,607 279,692 807,809 946,504 3 ,985, 493 1,416,978 564,110 1,642,353 517,062
140 4,897.377 992,246 197,791 619,628 753,964 2 ,998, 802 1 ,191 , 385 310,444 1,196,047 389,639
72 5,026.661 1,025,596 170,837 625,919 1,116,580 2, 705,73 6 1 , 106,804 194,068 954,456 382,947
37 5,606,009 809,358 376, 161 569,lr>4 1,352,263 3,070,243 1 , 166 ,238 279 ,428 926,601 506,546
31 16,413,747 2,320,633 920 ,446 2,113,883 4,017.952 8,124,910 2,684 ,366 615, 862 2,521,156 2,560,501
1,643,230 1,327,582 174 ,3 16 5,556 ,413 5,251,033 3,469,720 193,606 191,786 254,854 37,928 15,962 164,047 253,538 215,199 102 ,33 3 88 6 ,330 7,895 74 43,331,
1,498.279 1,816,330 257,676 5 ,371 , 093 4,989,333 3,170,252 162,587 199,230 260.655 34,854 39,228 186.118 247,527 195,390 92,302 139 7,667 8,089 44 45.530
1,741,808 2,019,914 246,243
34 ,625
2,309,834 1,884,745 388 ,003 6,459 ,434 6,079,153 3.545,972 236 ,456 266,740 447,835 58,256 36,915 279,056 419,398 321,321 151 ,026 65 4,306 12,403 9 57 ,67 5
4,808,692 4,532.470 2,748,920 150,479 166,899 342 ,333 27 ,301 15,463 77,159 253,140 245,106 116,820 134 12.433 13, 592 8 64,008
4.460,989 5,656,197 1,154.730 11,189.352 10, 145 ,628 5,127,718 343,670 610 ,454 1 ,503 ,023 44 ,693 52,504 565,248 615, 306 564,940 262,558 430 32,821 71 ,988 23 100,245
125 825,613 33,587 50 ,196 64, 423 48, 365 730,885 203,781 84,551 92,864 35,007
72 1,031,275 68,144 14, 755 53, 665 170,656 842,596 270,654 117,161 203,003 52,183
26 837,461 43,326 7,574 44,656 134,885 746,262 237,968 81,767 117 ,403 35,138
10 685,253 45,235 11,253 85,944 161 ,215 377,856 115.618
3 494,263 66,299 5,946 30,641 99,319 320,076 71,507 33,971 56,039 9,125
5 2,674 ,935 237,786 53,414 176,119 693,046 1.709, 122 527,575 181,541 293,140 180,057
533,195 125,788 19,882 450,408 430,697 223,492 26 ,762 46,413 36,236 1 ,592 1,793 -17,486 17,915 14,037 6,311 -
527,286 161,286 18 ,354 639 ,193 582,952 320,026 36 ,515 56,568 41,763 1 ,758 4 ,296 -22,275 23,710 18,602 8,630 16 151 1 ,081 2 1 ,971 ,
416,697 204,224 19 ,334 475, 566 422,692 216,613 28,515 37,813 31.157
199,540 330,101 19,526 363,931 304,484 189,972 17,773 25,323 22,202 868 921 -2,873 12 , 105 11 ,869 4 ,469 127 401 1,5411
250,841 144,111 9,723 394,316 365,966 197,746 8,238 22 ,883 17,783 589 11 ,77 6 11 ,776 11 ,773 6 ,248 4 705 -
892,773 1,103,045 65,383 2.196,896 2,002 ,008 1,033,488 102,598 96 ,199 119 ,106 7,138 14,938 93,845 106,929 106,298 43,129 206 705 4.944 I
374,657 1,336,025 433,764
1 ,663 11,322
41 153 -1 ,706 ,
1 , 124 3,543 -9,993 13,641 10,865 5,236 61 6 730 3 1 ,727 1
45,725 80 ,253 22,513
19,330
RETURNS OF ACTIVE CORPORATIONS Table G.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry, item
Total co active rporation returns
Zero assets
$1 under $100, 000
$100,000 under $250,000
S250,000 under $500,000
S500,000 under $1,000,000
S1,000,000 under S5,000,000
S5,000,000 under S10,000,000
S10,000,000 under S25,000,000
S25,000,000 under S50,000,000
$50,000,000 under $100,000,000
S i 00,000 000 under' S250 '000,000
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
Size of total assets 250,000,000 or more (13)
Services: Personal Services Number of returns ................................... ........
37,666
919
29,140
4,212
2,246
674
408
39
15
Total assets ........................... ...................... Notes and accounts receivable, net ... ...................... Inventories ... ........................ ....................... Cash. Government obligations , and other current assets ..... Other investments and loans, ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............. ......
6
4
3,935,832 2, 150, 283
-
3
4,851,564 839,102 380,323 771 , 275 412,982
858,256 137 ,833 42,427 172 ,426 53,190 1,043,252 684 ,670
660,476 122 ,870 35,215 125 ,842 52,550 558,126 309,561
771,544 131 ,671 43,937 113,435 54,551 641,751 316,534
446,777 77, 664 27,010 67,522 32, 172 307,618 159,799
747,175 133,402 54,334 108,524 74 ,827 537,460 260,641
272,497 57 ,018 24,814 31,201 18 ,841 186,299 95,469
208,716 34,687 22,070 31,146 21 , 761 119,953 61,497
222,248 42,448 30,595 19,892 50,634 108,153 51,141
Other capital assets less reserves' ........................... Accounts and notes payable, ................................ Other current liabilities .............................. ....... Mortgages, notes, and bonds payable in one year or more . ~ .................... ... ............. I ........... .... Net worth .................................................... Cost of property used for investment credit ..................
433,737 78,925 61,217 55,374 41,158 287,205 142 ,973
-
330,371 860,384 345,178
-
230,138 22,584 38,704 45,913 13,298 146,015 67,996
25,279 183 ,104 65,913
26,750 123,331 35,667
65,602 133,735 43 ,296
66,970 83,152 29 ,783
53,024 127,815 62 , 187
25,875 47,178 16 ,559
B,352 28,661 12,237
B,863 35,253 26,365
18,061 25,377 18,272
31,595 72.778 34,899
-
1,006,558 2,171,199 303,035
.9
132,726 308,561 61,490
93,945 336,497 44,870
210,805 321 ,587 38,936
116,117 187 ,048 16,989
193,659 304 ,937 38,431
74,785 113 ,974 13, 836
46,079 99,726 11 ,745
41,874 110,291 11 ,127
Total receipts ................................................ Business receipts .................................... ......... Cost of sales and operations .............................. Taxes paid .......... ....................... ................ Interest paid .. .............. .................... m I I .......... Depreciation ...... ...........................................
33,909 144,015 17, 776
62,659 244,563 47,826
-
8,445,394 8,254 ,725
44,391 38, 222 21,936 1,556 129
2.547,348 2 ,519,889
1,116,745 1 ,091 ,840
1,184,386 1 ,164 ,995
1,254,101 108,027 17 ,771 88,222
577,589 46,491 12 ,999 50,060
620,095 43,427 23,311 48,643
600,905 585,847 303,748 26,060 11,923 25,069
1,052,068 1,023,533 581,606 38,976 21,616 41,788
363,080 352,026 177, 510 15,711 8,006 13 ,848
314,957 305,461 163 ,573 10,740 4,273 10 ,271
273,431 265,581 135 ,165 11,451 5,760 9, 561
340,288 319,036 187, 125 14,072 6,570 18,471
-
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ...................... ........... Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax, total ......... ................................... Additional tax for tax preferences ... _ ....................
607,795 588,295 317 ,548 18,972 9,797 64,951
61,628 35,848 316,646 413,689 313,323 115, 505 -
13,213 5,522 22 ,186 80,195 38,677 7 ,759 -
6,951 5,540 48, 032 54,691 36,458 8,840 -
10,715 4,057 48, 365 57,605 42,221 11,768 -
6,727 4,090 32, 118 34,184 23,084 6,977 -
10,493 6,228 43,668 53,113 45,237 19,341
3,141 2,452 17,962 25,084 23,420 11,029
1 ,716 1,941 19,298 19, 385 16,173 7,697
1 , 160 1,562 15,629 15,629 15,192 7,240
1 ,885 4,236 32,918 36 ,670 36,030 17,225
5 ,627 220 36,796 367 96 36:511 . 17 626
-
Foreign tax credit ............................................ Investment credit ........... _ ............................... Work incentive (WIN) credit ...... ...................... .... Distributions to stockholders except in own stock ............
5,612 12,573 63 64,303
1,527 5,967
1,795
1 ,802
586 .1
7,077
450 715 2 1,145
1,221 961 1 5,878,
59 471 1 8,274
3,671 2,051
8,561
1 ,001 3,263
4,339,996 335,483 122 ,155 371,405
-326 '120 -3 .1 -
1 ,663 '3 5,809.
17,730
Services: Business Services
-
Number of returns ....... ....................................
110,294
5,182
81,282
12,988
5,601
2,584
2,185
228
136
54
28
Total assets .............. ................................... Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other current assets ..... Other i nvestments and loaw ....... ........................ Depreciable assets ......... ................................. Less: Accumulated depreciation ............................
26,751,915 6,589,681 1,199,109 4,496,580
-
16
2,121,197 451 ,495 69,546 527,075
1,917,171 452, 395 62,177 393,240 210,596 1,123,609 531,971
10
1,818,320 440, 328 82,524 329,360 179,409 1,188,401 563,332
4,484,378
724,566
2,012,602 473 ,401 59,165 377,037 251,389 1,349,399 703,188
282,382 668,900 601,853 2,258,549 1,002 ,678
1,599,366 451 ,609 60,610 194,484 217,593 914,404 365 ,025
2,092,267 576,737 96 ,232 279,524 314,366 1.053,667 443, 479
. .. Other capital assets less reserveS7 ... Accounts and notes payable . .............. ................. Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or .... Net more worth.. ............................................... . . ... . . .. . . . ... . . .. . . . .. .. . .... Cost of property used for investment credit ..................
1,962,214 612,541 84, 452 362,005 301,988 1,014,345 551 ,014
2,319,374 355,372 21 8,457 219,236 662,894 1,004,969 438,237
968,883
-
1,999,931 448,070 37,243 290,303 635,909 1,037,778 551 ,495
61,321 645,040 213, 719
86,488 538,234 199,221
4,425,095 1,142,405 146,321 855 .416 916 ,298 1,832,593 790,050
125,149 444,297 154 , 144
83,070 536,820 179 ,617
219,058 1,459,247 407,067
58,761 478,867 112,141
82,956 611,654 159,936
32,757 595,873 201,040
30 ,654 409,691 176,268
86 ,873 455,563 216,447
101,796 1,498,005 777,853
14,568
317,953 508,332 206,380
430,887 646,605 206,011
355,437 768 ,373 143,953
394,482 551 ,970 162,429
1,015,567 1 ,224 ,015 301,345
372,082 465, 385 154,278
564,635 633,514 153,978
426,537 599,425 56 ,809
474,933 750,592 103 ,187
656,346 757,788 84 ,367
336,080 319, 516 179,687 11,092 7,394 16,818
813,463 998,440 94,009
7,341,524 7, 139 ,260 3,414,372 235,293 62 ,571 175,541
4,947,377 4,804 ,466
3,644,375 3 ,541 ,444
3,234,213 3 ,113, 232
2,793,642 152,258 51 ,587 163,798
2,002,420 122,315 45 ,589 123,422
1,806,197 88,821 56,546 139,356
6,404,457 6,011,754 3 ,799, 727 162,130 142,854 301,327
1,507,359 1,402,467 750, 109 44,049 62,048 126,845
2,388,075 2,260,768 1 , 399,242 60,292 78,880 143 ,642
2,409,904 2,298,735 1 ,513 ,405 89,012 57,293 104 ,037
2,594,086 2,417,091 1 ,514 ,872 48,268 71,128 117,931
1,620,759 1,477,989 787.713 61,552 57,333 117,454
4,389 2,442 -28,M 26 ,337 22,065 9,644 -
36,184 32,112 99,030 334, 061 174,853 37,165 -
38,640 32,617 139,754 225, 301 170,579 43,388 -
2,016,068 1,824,697 914,462 54 ,936 201,913 338,690
50,281 16,601 134,503 180, 180 137,181 42,388 (1) *
31,902 15,503 116,775 167,384 129,110 50,597 -
52,627 27,524 208,337 319,969 250,995 107,617 -
9,838 7,666 37,802 84,129 67,881 31,237 -
28 ,991 11,440 96,299 132,845 115,457 54,254 19
29 ,591 6,117 99,903 135,804 115,307 54,957 -
16,788 17,484 131,250 145,775 103,052 49,584 -
13,752 8 ,843 115,680 148,631 142 ,04 5 67,964 7
1,597 6,760 20,513
10,591 5 ,7 51 13,060 31,554 26,019 12,803 8
6 ,280
Total receipts ................................................ Business receipts ............................................. Cost of sales and operations ................... ............ Taxes paid ................................................... Interest paid ............................ . ... . ... ..............
Depreciation .................................................. Pension, profit-sharing, stock bonus, and annuity plans
......
4,524,563 14 ,146,002
6,665,035 7,673,291 2, 797 ,453
5,821,322 7,904,439 1,681,314 38,444,277 36 ,611 ,419
20,875,848 1,130,018 895, 136 1,868,861 323,574 184,100
Employee benefit programs .................................. N et income (less deficit) ..................................... Net income ......... ...... ............ ..................
1,164,125 1 , 931 ,970
ncome subject to tax ........................................ ncome tax, total ..................... I ...... ............ Additional tax for tax preferences ..........................
1,454,544 561,598 34
Foreign tax credit ....................................... .... nvestment credit ... ......................................... Work incentive (WIN) credit .................................. Distntrutions to stockholders except in own stock ............ 1
27,998 69,322 328 288,4371
-4 810 2,0571
232,268 1 ,368 ,288
(1) 5,778 64,3151
9,305 14,927
9,352
1 ,185, 328
2,046 14 ,502 '64 31,825
794 4 ,905 9 ,994 ,
2,650 4,915 1 16,472 ,
4,759 2,31 7 69 28 ,422 ,
7,043 4,785 41 30,5191
8,679 6,523 5 39,163,
426 2,442 3 20,878
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars] Total Major industry, item
active corporat ion returns
Zsero a sets
$1 und er S100,000
(1)
(2)
(3)
Sizeof~total assets $1,000.000 $5,000,000
$100,000
$250,000
$500,000
S10,000,000
S25,000,000
S50,000,000
S100,000,000
under $250,000
under $500,000
under S1,000,000
urider S5,000,000
under $10,000,000
under S25,000,000
under $50,000,000
under $100.000,000
under S250,000,000
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
S250 ,000,000 or more (13)
Services: Auto Re Jr; Miscellaneous Repair gervices Number of returns ........ ...... ................ ...........
50,015
1,904
36,120
6,946
2,530
1,254
1,127
76
34
12
5
3
4
Total assets ................................. _ - - - Notes and accounts receivable, net ......................... Inventories ............................................ _... Cash. Government obligations, and other current assets ..... Other investments and loans' ................................ Depreciable assets .............................. . . . ... Less: Accumulated depreciation . ~ . ~ ................... ....
10,289,865 1,426,438 796,460 954,812 623,052 9,503,722 3,768,210
-
1,116,440 172,960 187,831 184,210 63,202 837,078 409,614
1,096,904 148,896 137,938 175,472 39,106 825,121 350.420
878,524 143,162 110,674 98,024 51,040 679,012 289,167
877,422 117,009 75,013 66,384 46,562 877,338 358,383
2,225,152 217,594 151,449 152,306 91,854 2,286,918 813,380
530,600 64,402 22,999 33,031 26,502 530,835 181,647
509,392 101,704 20,974 32,561 30,892 466,455 168,622
388,261 48,164 21,350 26,008 20,355 311,057 95,873
375,669 115,093 8,757 28,209 21,332 279,964 93.220
511,182 28,719 17,006 30,609 131,820 552,233 283.968
1,780,319 268,735 42,469 127,998 100,387 1,857.711 723.916
Other capital assets less reserves2 ........................... Accounts and notes payable3 ... ................ . . . .......... Other current liabilities ............... : ....... Mortgages, notes. and bonds payable in one year or m a ................................. ..................... Net worth .... ................... ..... . .... . .... - - Cost of property used for investment credit ..................
430,397 2,861,273 487,291
-
43,733 262,900 81,485
74,671 322,213 77,854
51,272 271,378 46,091
26,866 342,677 38,631
95,712 839,354 110,032
17,479 137,652 18,232
9,736 177,991 24,080
34,008 105,168 18,391
5,639 80.512 10,592
14,868 34,851 11,789
56,413 286,577 50,114
3,711,584 2,466,832 1,396,800
-
213,209 361,621 103,827
208,357 408,804 127,472
186,782 314,202 74,825
231,303 205,742 97,953
797,515 393,999 421,678
252,367 94,342 113,419
227,429 50,224 84,069
157,867 91,808 34,021
210,282 56,310 29,266
346,398 82,387 50,524
880,075 407,393 259,171
Total receipts .................: ...... - ................ .... Business receipts ... ....................... ..... . -Cost of sales and operations ................................ Taxes paid .................. ............. Interest paid ...................................... .... . . . Depreciation ....................... ..... . .. .. .. . .
13,080,128 12,533,369 6,690,461 424,749 529,887 1,651,540
59,129 54,538 27,778 2,632 2,074 3,451
3,500,948 3,456,565 1,972,247 126,823 29,675 107,270
2,012,620 1,933,795 1,122,629 68,151 39,050 116,867
1,423,888 1,383,189 869,922 40,666 31,903 103,502
1,007,226 954,660 525,379 30,263 46,741 158,188
2,096,169 1,957,392 973,583 57,323 127,347 433,576
440,505 394,704 220,707 11,008 32,272 97,060
315,841 301,519 112616 7:287 32,635 114,722
365,436 343,735 174,687 10,960 22,887 44,726
168,764 153,668 6B,969 4,760 24,216 51.967
221,621 211,507 91,570 4,381 31,453 94,411
1,467,981 1,388,097 530,374 60,495 109,634 325.800
Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .............. .................. Net income (less deficit) ......... ................ .... .. . Net income .................................. . . . . . Income subject to tax ..... . . ...... . . . . . . . Income tax, total ................... . . .... .. Additional tax for tax preferences .
51,672 55,391 305,544 525,883 400,772 134,012 27
7,849 14,585 54,424 110,688 60,677 11,787 -
14,480 10,763 78,481 99,411 82,802 20,359 -
3,442 4,879 60,057 74,294 58,151 17,255 -
5,016 4,419 44,535 51,571 44,481 16,343
10,610 5,877 75,746 95,614 83,233 34,440 16
1,420
954 921 20,921 21,995 13,330 6,368 -
-
11,406 14,991 12,366 5,554 -
987 623 2,804 8,413 6,275 3,066 11
116 696 2,954 155 62 -
409 477 -67,163 1,327 1,327 639 -
6,461 12,554 21,824 40,304 35,759 17,494 -
3,332 * 1,080
2,591 -
8.925
1,933
608
1,351
43
321 -
47 5.229
12,362
3,247 2,141
728
1,834 -
239 -
Foreign tax credit ............... . . ... . .. . ...... Investment credit .......... . ....... Work incentwe (WIN) credit ......... ............. . . . .. . Distributions to stockholders except in own stock .....
Services: Amusement and Recreation Services Number of returns ...... ... ..... .... ...... Total assets ................ .. . ... ..... .. Notes and accounts receivable, net .............. . . . Inventories ................... .. . . . . . . . . . . Cash, Government obligations, and other current assets ..... Other investments and loans. .................... . . . . . Depreciable assets .............. . . .. ... - - - ... Less: Accumulated depreciation ................ . ... Other capital assets less reserves' ......... . . . . Accounts and notes payable, ..................... . . . . . Other current liabilities ...................... ... . Mortgages, notes, and bonds payable in one year or .................. . . ......... : ........ I ... Netin worth re ... ................... . .. . .. . . . . .. - Gosl of property used for investment credit .................. Total receipts ......... . .. Business receipts ................ . . . . Cost of sales and operations .............. Taxes paid .............. . . . . . . . . . Interest paid Depreciation ...... .... .. . . . . . . . . . Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ........ - - . . . Net income (less deficit) - - ~ . Net income ........ . ..... Income subject to tax ......... .. .......... ............ ... Income tax , total ............. . . . . - Additional tax for tax preferences .......... . .. . Foreign tax credit ........... Investment credit ............ .. . - Work incentive (WIN) credit ..... . . .. - - .. Distributions to stockholders except in own stock ...... _ - 1
29,367
-3 1,813 4,321
43,958
'26 *1,326
1,761 12,162
37,901 16,051,407 1,436,705 996,672 2,291,492 3,142,657 10.345,855 4,557,112 1,577,422 2,294,688 2,295,878
1,895 -
23,087 544,268 54,529 33,546 116,429 54,589 658,140 433,187 18,216 166,985 71,967
6,835 1,079,441 100,306 42,954 171,799 66,244 1,221,120 691,490 131,652 185,565 70,719
3,153 1,120,755 63,754 27,289 170,187 79,670 1,262,537 675,252 158,627 173,311 102,734
1.610 1,116,975 68,620 32,856 131,183 87,362 1,056,400 461,937 176,539 169,616 59,589
1,067 2,083,776 198,687 60,910 281,723 189,847 1,684,769 712,707 300,608 476,902 145,577
123 860,435 88,577 32,693 125,682 85,710 708,333 341,547 121,844 143,662 74,250
89 1,434,494 143,774 30,332 214,025 196,654 793,404 279,330 234,028 276,398 128,671
22 819,013 64,777 21,038 111,321 110,249 541,626 187,379 126,475 173,818 57,130
8 558,660 56,176 29.871 70,548 112,130 387,221 167,316 47,457 133,307 34.514
4 580,583 37,032 30,384 6B,632 117,430 357924 127,657 80,692 40,324 91,849
8 5,853,007 560,473 654,799 829,963 2,042,772 1,674,381 479,310 181,284 354.800 1,458,878
4,549,424 5,392,846 1,239,304 17,062,679 15,727,988 8,358,515 627,112 491,495 1,350,858 98,218 62,284 674,050 1,112,584 860,064 370,510
10,785 110,355 98,858 54,560 4,496 3,046 8,532
94,453 49,033 58,395 2,150,757 2,056,012 1,011,428 62,253 19,080 60,288 16,195 3,059 -46,006 55,844 25,753 5,298
290,574 336,742 92,276 1,354,692 1,295,178 653,806 60,753 29,576 74,465 6,777 3,678 8,270 70,266 50,005 1
432,475 348,924 62,969 1,557,957 1,475,827 763,560 66,218 37,968 74,928 14,910 3,636 49,700 80,472 38,118
417,161 346,258 33,421 994,625 910,220 464,191 52,204 44,239 72,775 6,672 2,436 32,691 69,439 44,298 D'o4tJ
632,566 543,351 134,600 2,388,341 2,202,338 1,252,321 113,340 71,185 145,627 12,145 12,294 25,947 117,038 83,756
326,061 193,794 52,874 710,739 651,773 314,977 31,246 28,540 76,802 5,688 3,760 44,497 71,144 60,199 27,779
453,193 483,005 88,289 1,200,956 1,105,565 574,659 65,622 43,102 95,218 9,931 5,533 108,810 143,116 98,549 46,548
340,691 189,842 33,076 691,503 624,239 300,888 27,180 35,157 47,633 2,860 1,515 41,654 56,198 53,618 25,483
238,870 127,260 54,588 637,638 601,384 391,228 30,452 31,263 21,538 3,624 7,728 -12,988 5,018 5,018 L1,41.11
225,384 190,086 14,676 902,104 860,991 585,055 32,788 23,136 22,835 1,479 3.652 25,697 30.939 31,515 1 809
2,309 9,579
2,229 16,138
'65 1,880 9,113
4,150 1 ( 1) 20,227
144 1,099
387 2,901
.344 1,838
447 866
1,140
1,097,996 2,584,551 603,355 4,363,012 3,845.603 1,991,842 80,560 125,203 650,217 17,899 14,295 400,646 400,646 360,996 172,451 187 31,329 52,057
15,428 -1
20,016 -
4,282 -
1,449 -
2,117 -
47,532 -
32.948 71,864 ')113,482- 1
-4,868 12,464 8,239 3,527
'709 1
1,270 -
Limitations of the Data.' Footnotes at end of table. See text for -Explanation of Terms" and "Description of the Sample and
(1)
8,462
2,013 -
RETURNS OF ACTIVE CORPORATIONS Table 6.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Major Industry, by Size of Total Assets-Contlnued [All figures are estimates based on samples-money amounts are in thousands of dollarsl Major industry, item
Total coac tive rporation returns
Zero assets
$1100under $ ,000
(1)
(2)
(3)
Services: Other Services Number of returns ............................................ Total assets .................................................. Notes and accounts receivable, net .......................... Inventories ................................................... Cash, Government obligations, and other. current assets ..... Other investments and loansi ................................ Depreciable assets ........................................... Less: Accumulated depreciation ............................ .. ... Other capital assets less reseNeS2 ... ........ Accounts and notes payable' ................................ Other current liabilities ....................................... Mortgages, notes, and bonds payable in one year or
183,749 20,168,525 3,467,867 851,546 3,349,854 2,568,180 11,392,385 3,742,453 1,133,766 4,271,243 1,934,083
Netm wo re rthi .................................................... ..... .... ................ . ............. . . . Cost of property used for investment credit .................. Total receipts ................................................ Cost Business of receipts ............................................. sales and operations ................................ Taxes paid .................................. ................ Interest paid ............................. .................... Depreciation .................................................. Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs .................................. Net income (less deficit) ..................................... Net income ................................................ Income subject to tax ........................................ Income tax, total ............................................. Additional tax for tax preferences .......................... Foreign tax credit ............................................ Investment credit ............................................. Work incentive (WIN) credit ............... Distributions to stockholders except in own stock . ........ .....
5,854,044 6,022,843 1,106,310 45,128,609 44,062,898 19,126,971 1,399,015 633,933 897,595 1,807,741 286,990 880,746 1,640,745 1,160,829 352,799 267 5,433 47,047 205 248,158
9,757 -
1 ,516 370,937 326,818 161,250 38,001 7,582 6,425 *7.809 1,243 8,513 58,587 23,774 7,657 338 38,181,
$100,000 under 250, 00 (4)
$250,000 under $500,000 (5)
Size of total assets $1,000,000 $5,000,000 under under $5,000,ODO $10,000,000 (7) (8)
$500,000 under $1,000,000 (6)
$10,000,000 under $25,000,000
$25,000,000 under $50,000.000 (10f
(9)
$50,000,000 under $100,000,000 (11)
$100,000,000 under S250,000,000 (12)
S250,000,000 or more (13)
149,413 3,309,060 359.026 85,750 963,550 340,484 2,480,208 1,221,810 120,718 676,996 385,765
14.496 2,206,336 400 ,543 88,561 540,880 271,065 1,092,143 455,253 146,609 444,168 241,435
5,193 1,789,710 322 ,409 55,176 326,005 199,634 1,063,567 362 ,759 109,487 400,392 139,224
2,8DO 1,908,578 379,079 89,815 266,007 151,032 1,210,135 385 ,149 118,286 430,666 150,635
1,773 3,463,456 642, 532 195,053 476,599 358,989 1,853,657 524 ,496 261,279 789,045 291,095
168 1,161,061 188,044 97,477 130,118 161,161 630,057 155,012 66,147 435,802 177,575
100 1,537.873 302 ,561 95,329 196,888 212,175 709,418 193 ,396 111,877 344,646 139,955
20 668,180 180 ,990 32 ,782 55,746 135,853 277,359 68, 010 26,574 168,532 51 , 575
17 1,177,010 338,4 38 45,009 105 ,002 172 ,696 476,902 111,157 46,532 225,316 120 ,788
8 1,266,870 243,011 43, 151 164,672 299,642 547,836 101,896 31 ,429 267 ,046 142 ,437
4 1,680,391 111,234 23 ,443 124 ,387 265 ,449 1,051,103 163,515 94, 828 88, 634 93. 599
517,151 1.133,321 378 ,785 21,183,692 20,932,973 5,464,325 581,140 78,268 313,042 1,435,179 140,811 254,828 571,735 396,902 81,571 -
464,216 597,075 80,615 3,191,016 3,125,217 1,743,674 100,338 50,926 66,428 61,533 17,449 99,295 142,172 89.067 22,952 -
708,352 422,681 65 ,805 2,646,765 2,548,636 1,487,1129 96,953 62,909 71,960 39,991 17,776 68,061 125,784 78,803 27,201
491,212 456,990 31 , 568 1,600,412 1 .522,868 975,856 56,000 51,282 42,219 14,873 13,082 74,120 91,929 66,265 30831
3,420
23,037
21,369
260,564 131,992 19,949 1,340,573 1 , 296,051 1,128,962 26,488 32,876 17,740 2,239 2,304 -4,067 10,271 6,887 3049 ' 17 698 1 1,188
340,745 408,052 33,333 1,266,386 1 ,193 ,670 B18 ,086 47,262 40,730 28,546 11,689 8,743 37,115 45,005 39,266 18,555 12 118 1,523 2 3,508
200,180 600,979 39,127 1.062,097 1 ,027 .722 769,298 24 ,548 22 ,297 24,899 5 ,445 2 ,271 -45 ,627 23 .67 1 21 ,935 10 ,534 123 83 2852 1
80,369
779 3,328 (1) * 16,040
1,285,591 810,272 118 ,486 4,419,301 4,260,137 2,547,385 162,393 126,962 112,487 47,763 38,188 139,033 204,606 150,023 62,442 '24 1,446 5,271 '52 26,346
415,105 -2,735 84,727 1,216,849 1 , 165,553 709,334 45,112 38,153 41,473 13,639 5,858 51,593 77,098 55,433 25,093 1 '33
-1,341 11,773
394,246 901,448 119,587 5,685,186 5,578,010 2,663,430 175,699 44,443 103,166 164,977 34,299 162,009 254,014 196,606 46,233 (4) 5,999
776,682 562,768 132,812 1,145,395 1,085,223 657, 552 45,081 77,505 69,210 2,604 4,966 35,873 35,873 35,868 16,681 29 314 7,316 19 10,492
702 14,596 -3,299 -6,892 1,412 '371 '10,470 -8.300 190 '13,168 '876
'38,945 -2,823 '13,082 -7,780 11,273 -5,377 -3,660 -1,134 -4,999 -2,543
243 88,514 '17,996 -3,124 17,239 -3,767 '22,350 -10,100 '18,364 -9,170 -4,225
'59,308 '13,573
'93,155 '39,664
-3,497 -18,518 '16,460 -5,373 -1,438 16,429 '2,585
-4,637
2,346 .9 5,287
1~61133 1' 4 17.343
4,9
Nature of Business not Allocable Number of returns ............................................ Total assets ............................................. .... Notes and accounts receivable, net .......................... Inventories .............................................. .... Cash, Government obligations, and other current assets ..... Other investments and loans . ................................ Depreciable assets ........................................... Less: Accumulated depreciation ..................... Other capital assets less reserves, ........................... Accounts and notes payable, ................................ Other current liabilities ........ ........ .................... Mortgages, notes, and bonds payable in one year or Netmore worth................... .................................................... ....... . Cost of property used for investment credit .................. Total receipts .......................... __ .................. Business receipts .. _ .. ~ ...................................... Cost of sales and operations ................................ Taxes paid ................................................... Interest paid ............... .................................. Depreciation .................................................. Pension, profit-sharing, stock bonus, and annuity plans ...... Employee benefit programs ............. .................. Net income (less deficit) ..................................... Net income ................................................ Income subject to tax .................. ..................... Income tax, total ............................................. Additional tax for tax preferences .......................... Foreign tax credit . . . ~ ........................................ Investment credit ........................... ................. Work incentive (WIN) credit ................. ................ Distributions to stockholders except in own stock ............ .
1,701 365,528 88,655 95,993 37,556 56,203 78,220 36,400 24,327 82,071 42,688 77,793 117,374 7,330 691.731 656,476 491,079 9,635 9,840 6,713 4,323 801 23,121 40,352 18,474 6,612 -2 170 10,730,
451 -
73,928 69,834
'11,964 -12,893 '1,038 101,646 *100,200
884
-1,161
-2,812
'758 -
2,786 6,075 1,170 378 .8 -
-5,267 -1,614 -1,118
'54,
'742 '25,560 -
31,834
'17,041 '10,433
78,236 '75,407 '43,767 2,395
'10,952 -6,940 -2,665 '820 -1,183 104 '2,869 -6,777 * 117 19,026 18,921 '11,570 '351
'8,992 '14,586 '169,635 *164,910 145,282 -1,169
'22,589 '4.531 '39,722 -1,082 '166,444 *161.778 *125,967 -2,919
-1,300 -3 -3,797 -3,797 -3,490 -1,065 -
951 -3,146 -3,100 '675 -
'86,
-2,281 -2,281 '585 '117 '13 -
'13,043 -3,184 -1,462 -
3 60,058 4,360 31,734 3,343 15,031 8,381 3,550 296 12,847 27,077 8,309 11,788 642 50.007 48,385 39,311 1,164 1,562 707 124 36 588 1,212 -
'2 -5,757,
'Estimate should be used with caution because of the small number of sample returns on which it is based. * Data deleted because of the small number of sample returns on which they were based.Deleted data are included in the appropriate totals. ... Identifies (a) size classes for which data were deleted because of the small number of sample returns on which they were based and (b) combined frequencies or amounts that include the data thus deleted from another size class - Includes loans to stockholders, mortgage and real estate loans, and "other investments Includes depletable assets less accumulated depletion, land, and intangible assets less accumulated amortization. Includes accounts payable and Mortgages. notes and bonds payable in less than one year. ~Less than $500 per return. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Date."
1,212 full
RETURNS OF ACTIVE CORPORATIONS Table 7.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Industrial Division, by Size of Business Receipts [All figures are estimates based on samples-money amounts are in thousands of dollars) Total Industrial division, item
Size of business receipts
returns of active corporations
Under $25,000,
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $500,000
S500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000.000 under $10,000.000
$10,000,000 under $50,000,000
$50,000,000 under $100,000,000
S100,000,000 under $250,000,000
$250,000,000 under S500,000,000
S500,000,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
All Industrial Divisions' Number of returns ............................................................. Total assets ..................................... - ... ....................... Notes and accounts receivable, net ........................................... Inventories .................................................................... Cash. Government obligations, and other current assets ...................... Other investments and loans .................. ............... ............... Depreciable assets ........................................................ ... Less: Accumulated depreciation ............ .......... ..................... Other capital assets less reserves ............................................ Accounts and notes payable, ................................................. Other current liabilities ........................................................ Mortgages, notes, and bonds payable in one year or more ................... Net worth ..................................................................... Cost of property used for investment credit ...................................
2,023,647 4,286,556,273 1,020,509,808 317,718,545 751,659,854 1,183,676,193 1,276,564,500 483,798,526 99,160,234 535,541,135 1,577,425,991 586,703,526 1,097,064,806 113,796,947
468,880 30,080,928 3,453,955 866,231 4,656,809 6,112,620 11,073,191 3,659,119 5.932,890 6,425,948 1,392,228 9,199,874 7,130,522 591,669
186,427 17,253,419 2,105,831 635,602 2,888,888 2,704,022 8,721,977 3,365,865 2,931,647 2,968,948 791,869 5,091,524 5,690,612 423,060
260,739 26,292,080 3,205,420 1,454,731 4,080,748 3,850,670 15,055,021 6,467,139 3,906,646 4,766,405 1,486,089 7,808,587 9,006,967 901,436
673,883 130,912,074 25,464,627 13,476,513 24,844,869 16,707,732 62,444,501 27,148,532 10,536,121 26,802,487 22,639,333 30,572,456 39,119,686 5,009,821
184~242 115,406,293 32,877,211 12,117,002 27,170,892 15.989,436 35,990,778 15,841,874 4,464,105 20,497,333 43,357,947 17,146,386 27,984,920 3,209,700
198,756 441,530,488 126,111,534 42,570,128 98,298,294 107,903,308 88,480,791 39,511,564 9,675,443 69,951,973 218,489,751 41,040,792 92,445,075 8,131,577
27,748 212,819,954 47,276,242 19,800,838 40,213,498 76,560,694 36,766,837 15,778,995 4,360,965 31,244,746 107,458,543 18,519,243 45,824,147 3,459,070
18,388 515,321,841 103,622,341 37,235,335 95,828.756 209,159,145 82,536.850 33,357,387 9,297,880 65,074,068 264,830,438 43,237,420 109,105,136 7,584,247
2,068 277,209,250 64,002,399 15,606,841 53,124,613 104,185,913 47,880,005 18,004,563 3,703,374 24,602,151 141,487,810 27,926,154 61,335,166 4,095,736
1,351 389,993,587 102,376,863 22,766,738 82,101,328 106,838,267 89.581,601 30,567,723 5,696,435 36,463,862 177,710,579 44,849,255 86,549,187 8,016,316
512 284,597,297 62,759,480 21,054,127 48,160,855 83,164,359 86,619,133 29,240,366 4,694,475 29,224.005 105,363,101 39,774,064 73,665,174 7,997,160
653 1,845,139,062 447,253,905 130,134,459 270,290,304 450,500,027 711,413.815 260,855,399 33,960,253 217,519.209 492,418.303 301,537.771 539,208,214 64.377,155
Total receipts ......... ....................................................... Business receipts .............................................................. Cost of sales and operations .................................................. Taxes paid ..... .......................................... ................... Interest paid ................................................................... Depreciation . . ~ ... .......... __ ................. ............ ............... Pension, profit-sharing, stock bonus, and annuity plans ..................... Employee benefit programs ................. .............................. Net income (less deficit) ..... ...... ......................................... Net income .......... ........... ............... : ..........................
3,198,627,860 2,961,729,640 2,129,928,467 81,530,302 129,307,921 86,295,664 26,526,129 15,690,563 142,636,826 169,483,336
4,652,610 2,358,850 1,017,245 472,196 679,272 545,185 10,283 13,614 -1,360,828 759,794
7,187,666 5,411,972 2,264,603 454,192 470,307 510,406 19,986 15,620 -21,151 740,851
19,757,709 17,132,485 7,887,282 959,993 800,195 1,021,822 158,488 54,441 189,127 1,383,014
163,929,914 154,728,007 87,308,190 5,396,959 4,052,569 5,014,602 1,651,276 567,718 3,207,061 7,165,626
131,836,879 124,924,277 81,971,753 3,455,596 3,631,152 3,021,042 941,830 441,326 3,417,302 5,398,192
422,875,116 395,926,605 292,173,212 8,747,589 15,205,158 7,587,609 2.270,766 1,323,378 11,984,404 16,212,702
195,286,326 182,334,883 140,796,109 3,555,433 7.645,605 3,042,497 945,673 572,328 6,225,630 7,867,838
362,122,832 329,608,654 252,710,901 7,168,659 18,860,736 6,446,980 1,794,759 1,172,047 13,484,763 17,212,994
149,321,001 130,073,524 96,437,640 3,464,524 9,870,457 3,453,890 891,412 628,219 6,411,736 7,808,628
213,625,773 190,520,912 136.724,586 5,666,473 12,085,694 5,893,888 1,510,962 1,003,498 8,914,078 10,532,089
181,615,984 166,886,199 119,034,292 4,704.352 9,172,208 5,635,917 1,540,072 1,046,690 7,476,214 8,346,266
1,346.416,050 1,261,823,272 911,602,654 37,484,336 46,834,568 44,121,826 14,790,622 8,851,684 82.708,490 86,055.342
Income subject to tax ....... .......... ...................................... Income tax, total ............................................................... Additional tax for tax preferences ......................... ................. Foreign tax credit ........ .................................................... Investment credit ................ ............................................. Work incentive (WIN) credit ....................... I ........ I ... I .... ... ....... Distributions to stockholders except in own stock ..................... ........
146,589,287 66,144,308 156,740 19,987,724 6,459,746 5,321 45,224,392
465,816 118,148
492,978 113,826
869,803 204,575
901 7,049 335,642
73 7,048 213,0981
276,320
4,637,938 1,159,105 799 3,092 153,481 120 1,197,834
3,702,020 1,078,711 341 4,446 127,591 180 664,805
11,951,065 4,528,879 10,467 30,190 386265 1:402 , 2,820 917
5,928,438 2,620,739 9,016 21,913 181,302 358 1,531.226 1
13,451,496 6,274,420 19,937 194,655 418,948 641 3,641,787
5,930,041 2,823,876 17,563 119,622 235,30 268, 2,230,865
9,387,108 4,463,182 11,724 264.241 469436 4 8 3,271 1
Number of returns ............................................................. Total assets .............. ...... ........ .................................... Notes and accounts receivable, net ............. ...... ...................... Inventories .................................................................... Cash, Government obligations, and other current assets ...................... Other investments and loans .................................................. Depreciable assets ............................................................ Less: Accumulated depreciation ............................................. Other capital assets less reserves ............................................ Accounts and notes payable' ........................................ Other current liabilities ........................................................ Mortgages, notes, and bonds payable in one year or more ................... Net worth ............................................................. ... . . Cost of property used for investment credit ...................................
56,280 21,177,941 2,056,740 2,350,028 1,966,439 2,341,442 12,044,145 5,369,898 4,792,738 5,306,079 922,771 6,220,321 6,844,949 1,421,914
13,229 1,050,291 76,017 33,099 69,885 82,149 410,942 161,291 486,020 220,972 12,393 279,401 240,192 43,271
6,335 855,789 36,127 54,022 78,343 52,732 409,954 179,546 372,752 101,451 12,664 236,239 370,122 22,560
7,926 1,454,032 69,058 70,772 146,296 121,813 760,715 321,033 550,490 220,781 27,185 425,245 640,130 108,176
21,086 5,979,511 372,814 501,362 543,640 509,642 3,885,785 1,752,346 1,736,948 1,250,224 128,203 1,903,861 2,193,970 528,707
3,990 2,315,131 173,831 229,978 206,083 266,607 1,538,755 720,319 528,241 586,324 104,945 727,373 681,904 190,468
3,089 3,750,681 479,417 445,850 460,497 461,446 2,249,618 1.035,272 579,305 1,380,508 204,088 971,547 899,206 268,960
372 1,481,104 206,354 243,204 138,065 168,219 748,621 306,475 253,429 557,285 57,502 441,798 344,751 82,494
229 1,632,476 241,567 342,371 126,790 228,403 769,516 354,962 193,860 584,674 72,948 439,930 412,782 93,229
11 499,323 67,757 67.338 37,555 56,496 304,563 71,146 28,469 80,851 38,053 201,734 150,836 14,450
10 898,945 151,515 170,421 63,585 177,128 389,496 174,360 58,832 173,897 118,724 150,346 404,695 39,688
3 1,260,658 182,283 191,611 95,700 216,807 576,180 293,148 4,392 149,112 146,066 442,847 506,361 29,911
Total receipts .............................. . .. . . . . . . . . . . . . . Business receipts ........................ . . . .. . . .. . . . .. . . . . . . .......................... Cost of sales and operations .................... Taxes paid .......................... ..... . Interest paid ................................................. .... . . . Depreciation . ............... Pension, profit-sharing, stock 'bonus, and annuity plans ....................... Employee benefit programs ................... . . . . .. . . . . - , Net income (less deficit) ..................................................... Net income ................................ . . . . . . . -
28,118,514 26,624,149 19,738.447 600,917 797,420 1,059,799 105,000 44,333 746,908 1,493,168
189,495 115,204 86,127 15,391 29,285 30,927
273,185 224,040 115,130 15,066 23,554 34,898 '434
676,573 580,374 303,010 28,813 48,335 66,580 1,002 889 2,583 73,320
5,236,696 4,857,433 2,729,255 176,402 227,372 373,501 30,458 10,014 210,714 407,508
2,944,819 2,785,498 1,675,405 68,130 96,892 146,271 9,270 3,078 120,599 185,785
6,439,669 6,184,390 4,716,817 122,330 141,479 203,239 24,896 7,276 194,567 337,563
2,698,216 2,621,359 2,175,901 35,347 70,271 61,320 5,415 2,540 34,387 91,367
4,322,146 4,192,820 3,678,749 39,684 72,116 65,016 10,442 3,402 75,607 118,236
836,971 803,823 679,742 1 9,093 24,775 17,338 2,322 1,850 45,647 45,670
1,352,338 1,313,659 1,024,694 26,317 27,605 31,626 8.527 2,301 112,748 115,625
3,148,406 2,945,549 2.353,617 54,344 35,736 29,083 11,870 12,703 40,584 42,244
Income subject to tax ............ ........... I .............................. Income tax, total .................. _ - - .. .... . . . . . . . . Additional tax for tax preferences ...................... ... . . . . . Foreign tax credit ................... . . . . . . . . . . . . . . . . Investment credit ................................. . . . . . . . . . . Work incentive (WIN) credit .................................... . . . .... . . Distributions to stockholders except in own stock ......................... . .
981,710 354,747 345
49,798 11,653 -
224,661 54,955
122,508 42,347
210891 B3~255 -7
28,918 -
77,593 34,945 -
35.67 16,092 -
113,744 54,232
42,155 19,049 20 .?
14,111 -7 42,094
3,240 13,141
4,851
1,081
3,164 .1
8,395
7,189
56,897
1,371 3,553
716 16,786
7,777,521 3,695,268 12,822 345,701 452,9961 421 1 2,799,230
81,995,063 39,063,579 74,021 19.002,174 4.003,W 1,381 26,041,385
Agriculture, Forestry, and Fishing
-4 -77,289 33,330
-13,239 42,520
56,768
14,705 4,332 495
25,940 5,869 566
244,524 .87 1
'6,Z
16,91ig
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data,"
2,564
17,410
4,998 .78 1
63,1(ii3l -
1
7,915 21,715
RETURNS OF ACTIVE CORPORATIONS Table 7.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Industrial Division, by Size of Business Receipts-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars] Total Industrial division, item
Size of business receipts
oreturns f active corporations
Under $25,000,
$25,000 under S50,000
S50,000 under S100,000
$100.000 under $500,000
(1)
(2)
(3)
(4)
(5)
S500,000 under $1,000,000 (6) _
S1,000,000 under S5,000,000
$5,000,000 under $10,000,000
$10,000,000 under S50,000,000
$50,000,000 under $100,000,000
$100,000,000 under $250,000,000
$250,000,000 under S500,000,000
$500,000 000 or more
(7)
(8)
(9)
(10)
(11)
(12)
113)
Mining Number of returns ............................................................. Total assets ................................ .................................. Notes and accounts receivable, net ........................................... inventories ............... ....................... .......................... Cash, Government obligations, and other current assets ...................... Other investments and loans ........................................ .......... Depreciable assets .......................................... ........ Less: Accumulated depreciation .... ........................................ Other capital assets less reserves ............................................ Accounts and notes payable2 .............................................. .. Other current liabilities ............... ............ ........................... Mortgages, notes, and bonds payable in one year or more ............... Net worth ............................... ........................ ......... Cost of property used for investment credit .............. I ....... ... I .....
217,354 944,581,970 203,845,270 172,948,362 86,637,969 148 00~575.994 5 263,386 242,674,676 36,256,192 186,866,591 77,470,481 175,162,951 442,587,674 47,573,499
25,678 1,064,195 142,026 164,493 126,990 79,658 548,727 158,920 54,413 374,771 108,721 206,230 206,037 64,235
12,096 519,849 74,858 68,478 110,498 34,275 283,944 109,504 22,667 136,904 77,651 114,093 47,844 52,635
21,842 1,082,577 211,994 159,292 184,650 72,019 683,659 331,219 51,144 299,269 66,417 277,816 248,659 78,047
73,594 9,615,866 2,173,107 1,697,599 1,562,301 591,623 5,990,595 3,071,164 322,422 2,614,281 717,762 1,860,645 3,389,152 695,144
29,844 10,484,206 2,472,767 2,257,641 1,576,723 555,858 6,238,919 3,206,535 305,514 2,987,056 865,169 1,794,640 4,090,005 654,048
40,238 43,063,874 10,510,917 10,953,108 6,253,167 2,573,191 22,476,433 11,951,937 1,241,733 12,583,621 3,701,998 6,048,791 18,709,419 2,044,517
6,651 23,367,744 5,763,243 6.626,565 2,792,734 1,495,807 11,105,426 5,596,007 621,297 6,111,812 2,103,869 3,099,658 11,035,801 984,305
5,601 62,861,190 13,581,812 17,254,423 6,668,316 5,434,982 30,751,612 14,662,837 1,902,580 13,790,291 5,621,056 9,735,632 31,084,026 2,811,474
733 35,162,619 7,006,859 8,650,322 3,528,033 3,749,404 17,722,171 8,421,758 1,078,036 5,613,138 3,149,774 6,796,169 17,920,042 1,542,087
526 60,181,329 11,979,160 14,116,751 5,621,117 7,113,961 31,132,130 14,505,565 2,043,884 9,247,396 5,515,944 12,120,116 30,092,652 2,718,970
229 59,947,348 11,069,981 13,862,370 4,855,660 9,048,347 31,542,531 14,469,962 2,142,263 9,080,922 4,943,260 12,822,933 29,840,620 2,764,847
322 637,231,173 138.858,546 97,137,320 53,357,780 117,826,869 341,787,239 166,189,268 26,470.239 124,027,130 50,598,860 120,286,228 295,923,417 33,163,190
Total receipts ............................................................. ... Business receipts .......................................................... ... Cost of sales and operations ........ .................................... . . Taxes paid ........................................................... Interest paid .................. ............. .......................... . . Depreciation ...................................... .................. Pension, profit-sharing, stock bonus, and annuity plans ... .............. .... Employee benefit programs .......... .................................... . Net income (less deficit) ................... .............................. ... Net income ................. ......... .............. ................... .
1,296,359,650 1,258,338,650 925,111,030 34,402,452 22,055,903 34,663,115 13,667,253 9,603,033 66,406,627 74,466,554
246,269 167,126 119,106 10,916 14,963 18,804
469,067 438,102 261,753 18,695 12,890 23,136
839 -146,213 40,760
1,106 -58,361 33,790
1,652,801 1,613,246 959,367 60,064 27,173 60,124 3,383 4,994 -76,264 70,960
19,104,178 18,855,747 12,283,743 657,047 251,757 549,861 88,128 100,580 88,430 733,775
21,360,018 21,047,094 14,611,396 623,120 270,571 529,970 119,139 108,207 472,250 894,716
87,903,513 86,581,588 62,309,841 2,205,853 1,068,660 1,843,132 609,262 437,179 3,283,211 4,277,913
47,051,104 46,316,929 34,322,449 1,084,573 563,321 879,215 310,809 221.982 2,172,313 2,603,968
113,555,439 111,420,401 83,223,102 2,557,716 1,570,905 2,396,154 771,431 537,155 5,763,421 6,788,721
52,293,235 51,005,595 37,374,021 1,244,225 871,699 1,309,254 412,589 323,168 2,653,528 3,033,444
84,740,344 82,192,391 58,589,879 2,420,468 1,441,907 2,222,819 786,581 581,568 4,793,571 5,245,840
81,999,382 79,686,183 57,081,891 2,136,786 1,519,357 2,207,981 894,183 696,564 4.172,636 4.434,267
785.984,300 759,014,248 563.974,482 21,382,989 14,442,700 22,622,665 9,670,731 6,589,691 45,288.105 46,308,400
income subject to tax .................... ............ I ... - ................ Income tax, total ..... .... ........................... ................... Additional tax lot tax preferences ......................................... . Foreign tax credit ........................................................ Investment credit .................................. .......... . .. ... . . . . Work incentive (WIN) credit ........... ............................... . . . . ...................... . . Distributions to stockholders except in own stock
69,739,743 32,475,947 60,150 8,583,123 2,864,625 3.235 19,973,061
25,558 10,748 -1,148 16,840
19,957 5,819 -
35,562 8,975 8
525,852 121,732 -
652,940 187,616
1,210 4,592
24,568 (1) * 59,709
128,364
3,596,291 1,439,157 564 4,233 119,618 664 380,459
2,360,178 11069,493 117 6,977 65,907 221 252,623
2,873,940 1,362,1 1,160 96 61,925 97,063 218 437,790
5,081,061 2,407,638 1,770 167,011 182,178 164 987,633
4,297,535 2,036,661 1,000 233,660 183,380 309 1,204,599
43,899,630 20,836,015 55J80 8,036,219 1,974,454 1,043 15,824,686
Number of returns ........................ ........................ ........ . Total assets .... ................................ . . . . . ... . .. . . . Notes and accounts receivable, net ................... ............ - ..... . Inventories ............. ............ . . . . . . Cash, Government obligations, and other current assets ..... I ................ Other investments and loans ................................................ . Depreciable assets ............................... .. ................ . . . . Less: Accumulated depreciation ...................................... .... Other capital assets less reserves ............... ............ ...... . - Accounts and notes payable~ . ....................................... ..... .. Other current liabilities ......................... .............. ...... ... . Mortgages, notes, and bonds payable in one year or more ................. . Net worth .............. .......... ... . . .. .. . . . ... .. ... . . . Cost of property used for investment credit .......................... ..... .
80,701 443,236,797 25,977,578 14,177,279 24,310,551 34,796,272 438,171,288 111,435,814 6,414,238 35,522,556 24,971,631 171,680,499 176,444,407 37,252,126
17,642 2,035,436 227,023 24,642 134,445 71,948 1,779,018 323,992 39,970 355,158 31,731 1,001,416 357,361 137,468
8,135 579,314 55,499 9,167 63,163 17,578 533,042 178,640 23,622 114,022 35.067 226,893 149,638 54,086
11,834 896,972 158,962 8,714 115,878 56,144 816,773 354,967 24,524 237,392 26,410 225,771 279,666 92,129
27,167 5,061,887 785,570 97,230 640,319 364,144 4,855,121 2,199,989 210,848 1,077,953 274.606 1,558,512 1,583,431 582,689
7,376 3,421,952 506,265 69,748 427,337 208,717 3,208,611 1,364,157 133,965 743,531 208,432 1,240,271 935,112 469,997
6,825 8,856,468 1,435,114 212,558 1,148,449 633,375 8,102,890 3,519,781 399,104 2,043,182 607,236 2,650,552 2,947,407 763,161
705 4,089,435 632,963 79,676 488,639 339,315 3,438,094 1,354,766 200,801 848,938 278,631 1,465,215 1,173,407 328,176
645 14.248,005 1,600,010 355,656 1,369,056 1,472,946 12,248,482 4,151,566 419,274 2,140,684 1,240,711 5,070,689 4,882,753 1,084,995
119 13,789,169 1,001,024 325,275 784,246 2,071,162 12,227,777 3,647,928 337,459 1,521,911 752,453 5,720,448 4,743,768 992,436
115 36,290,904 2,135,074 1,227,199 1,683,742 1,981,967 36,716,015 9,184,814 859,869 3,087,182 1,731,870 14,219,717 14,451,958 3,169,846
50 39.270,498 2,324,069 1,303.398 1,726,325 2,691,773 38,067,671 8.996,412 963,627 3,559,892 2.227,930 15,690,325 14,934,310 3,348,644
88 314,696,757 15,116,005 10,464,016 15,728,952 24,887,203 316,177,794 76,158,802 2,801,175 19,792,711 17,556,554 122,610,690 130,005,596 26,228,499
Total receipts ........................ . . ..... . . . . . . .. . . . Business receipts ......................... ....... . . . . ... Cost of sales and operations ..................... .. - - ... .. . . . . . es paid .... ........................ ... . .. . . . . . .. . . . . . . Interest paid ............ .. . . . . . . . Depreciation ........................... . ... .. . .. - - - Pension, profit-sharing, stock bonus, and annuity plans ..................... . Employee benefit programs ..................................... . ... . Net income (less deficit) ............. . .......... .. - - Net income .......... . . . .... . . .. . . . . . .
243,480,637 234,689,427 143,932,463 14,927,843 13,761,062 23,197,803 4,112,789 1,936,675 10,099,571 12,088,189
240,091 152,476 68,675 28,562 61,279 38,883
330,300 297,451 116,289 16,931 15,458 36,483
1,366 -96,740 36,891
1,050 -11,832 17,305
908,016 871,931 448,864 45,654 25,215 74,531 '2.602 1,315 -15.685 50,224
6,547,781 6,355,832 3,426,698 312,027 156,840 450,343 18,149 33,408 116,454 301,755
5,211,870 5,094,388 3,272,166 200,915 129,504 288,946 29,270 31,076 121,909 221,419
13,804,625 13,439,610 8,914,842 578,548 304,784 688,187 120,025 100,501 380,132 557,169
5,036,560 4,897,186 3,287,332 203,246 144,802 266,203 44,173 32,393 141,795 252,453
13,345,386 12,837,709 8,571,922 604,634 502,220 797,065 135,269 112,605 580,464 728,306
8,907,666 8,638,631 5,605,284 472,597 423,713 701,847 90,941 74,146 347,356 434,469
19,371,814 18,347,051 11,779,673 1,129,412 1,175,201 1,674,637 204,147 118,106 872,661 1,092,052
18,693,378 18,082,691 11,222,097 1,164,535 1,299,072 1,790,910 239,562 153,953 763,024 911,660
151,083,150 145,674,471 87,218,621 10,170,782 9.522,974 16,389,768 3,225,439 1,276,956 6,900,033 7,484,486
ncome subject to tax ............................ ............ . .. ncome tax, total ...................... . ...... . . . . . . - .. Additional tax for tax preferences ....... ...... ............ ........ ...... 11 ......... .................. Foreign tax credit .... I ...... rivestment credit .................... . . .. - ... . . . Work incentive (WIN) credit ........................ - - - Distributions to stockholders except in own stock ...... ............. . . . .
11,125,577 5,146,272 6,320 119,466 2,190,067 269 8,900,353
13,978 3,884 -4 418 6,292
11,637 2,465 368 '2,233
36519 8:136 1,412 4,275
214240 55~213 '12 (1) * 17,481 43,168
176,055 56,706 -
450,349 183,113 26 2,446 33,932 7 88,774 1
207,629 93,557 1 2,526 16495
656,932 303,726 94 3,103 51,166 11 190,126
387,772 165,560 311 6,593 52,859 2 231,271
1,038,697 497,064 29 6,609 168,496 55 767,138
1,014 '7,9541
26 29,342
6,371,239 2,989,897 351 72,504 184,743 465 667,8121
Construction
Footnotes at end of table. See text for "Explanation of Terms" and "Description of I e Sample and Limitations of the Data.
14,863 21,824
56 ~418 8
877,124 415,827 1,042 2,998 160,4651 4 848,734
7,054,645 3,341,021 4,801 95,116 1.672,112 72 6,640,ioo
RETURNS OF ACTIVE CORPORATIONS
Table 7.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Industrial Division, by Size of Business Receipts-Continued JAAI figures are estimates based on samples-money amounts are in thousands of dollars] Industrial division, item
Size of business receipts $1,000,000 $5.000,000 under under $5,000,000 S10,000,000
Total returns of active corporations
Under S25,0001
$25,000 under $50,000
$50rOOO under $100,000
$100,000 under $500,000
$500,000 under $1,000,000
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
4,210 1,491,024 245,591 54,049 261,268 193,082 965,934 507,570 218,478 347,475 80,984 228,247 659,042 183,196 1,212,335 1,116,807 535,979 53,356 28,653 95,842 5,008 2,398 50,378 131,328 79,975 24,800 388 4,311 30,306
1,675 1,150,768 279,324 40,053 144,138 87,326 757,496 369,857 160,484 425,832 67,844 224,028 328,107 124,290
1,868 4,071,328 631 148 143,345 599,234 557,047 2,622,176 1,238,345 585,414 914,185 249,858 737,802 1,874,130 515,812
1,272,204 1,199,946 747,434 41,021 27,147 75,729 5,441 4,903 15,139 93,119 54,773 19,655 142 4573 31,485
4,264,271 4,006,621 2,226,586 135,567 100,090 318,922 21,131 15,073 329,422 444,810 319,072 141,706 3,662 3,692 22,313 13 96,5061
338 2,336,003 367,021 107,235 314,093 237,814 1,498,971 672,969 434,965 515,645 128,899 509,264 985,922 238,236 2,502,243 2,385,028 1,429,116 74,508 58,362 166,632 12,003 10,150 171,607 232,045 178,026 85,132 2,896 3,218 10,440
76,163 9,675,100 2,096,586 1,797.601 1,943,088 718,052 4,334.181 2,216,715 615,101 3,586,853 949,210 1,725,114 2,205,020 480,926 19,077,524 18,664,733 13,523,299 562,645 284,970 486,860 59,753 80,596 72,925 618,243 352,756 79,606 14 062
23,314 7,492,025 2,044,920 1,415,069 1,628,537 469,477 2,711,769 1,421,450 425,359 2,828,992 772,140 1,139,341 2,013,310 321,454 16,636,988 16,378,240 12,463,639 419,458 217,356 309,305 88,307 76.492 229,645 495,772 354,481 90,350 13
21,673 20,496,347 5,950,243 3,911,936 4,250,726 1,231,229 7,219,975 3,724,954 889,739 7,644,780 2,760,647 2,938,211 4,713,562 856,652 43,689,293 42,875,895 34,734,065 936,633 509,467 763,423 267,848 181,559 759,390 1,301,012 985,321 350,291 56 631 39,056 .022
53,786 ' -
44,878*
$10,000.000 under $50,000,000
S50,000,000 under $100.000,000
(9)
(10)
255 7,387,207 1,037,759 339,974 791,894 978,058 4,188,837 1,693,708 1,392,497 1,287,123 351,346 1,432,735 3,767,621 556,050 5,657,247 5,209,291 3,107,540 168,636 152,630 307,814 29,053 32,648 670,472 756,771 677,697 319,456 5,427 74,352 28,119
39 4,176,009 436,317 228,527 351,224 610,128 2,968,702 1,063,960 435,317 421,016 224,789 1,193,815 2,025,518 375,767 2,950,529 2,759,307 1,579,371 144,297 107,006 196,169 22,853 36,859 298,723 354,264 329,383 163,538 9,938 20,582 22,761
S100,0D0,000 under $250,000,000
S250,000,000 under $500,000,000
$500,000,000 or more
(12)
(13)
Manufacturing Number of returns ................................ Total assets ................... . . . . . . Notes and accounts receivable , net ......... .................. . . . Inventories ................ .............. . . - .. - . . . . . Cash , Government obligations, and other current assets ...................... Other investments and loans ................. Depreciable assets ............................. . . . . . . . Less: Accumulated depreciation ............................ .. . .......... Other capital assets less reserves ......... .................................. Accounts and notes payable, ...................... .......................... Other current liabilities ........ . ........................... ............. wigagei, notes, and bonds payable in one year or more ................... Nei worth ....................... .. . .......................................... Cost of property used for investment credit ........ ............ ............. Total receipts ................................................. .............. Business receipts ................ - ..................... . ....... .............. Cost of sales and operations ...... ............ __ ........................ .............. Taxes paid ........ - ...................................... Interest paid ....................................... ........................... Depreciation .............................................. . .......... . . . Pension , profit-sharing, stock bonus, and annuity plans ..... ................ Employee benefit programs .................................. ...... .. Net income (less deficit) ................................... . ......... . .. . . Net income ................. .......... ............. Income subject to tax ... ........................ . Income tax, total .. ................................. AvIrldbial tax for tax preferences ....... - ............ .................... Foreign tax credit ..................................................... ...... ... ............... Investment crectit ........... . . . . .... _.. - Work incentive (WIN) credit .... - .......... Distributions to stockholders except in own stock ..........................
14,242 64 ,505, 341 13,841,214 3,369,233 7,058,615 12,454,058 32,006,156 12,345,949 5,939,086 7,900,401 9,279,707 9,838,345 32,765,690 3,374,262 65,909,994 63,670,496 30 71612 11,73:758 1,166,182 2,166,642 259,490 209,280 23,574,833 24,347,893 23,828,928 11,411,846 45,494 10,196,770 163,766 172 1,015,895
4,037 1 , 072,813 66,887 60,185 609,339 153,825 37,122 113,792 154,276 19,337 406,331 176,899 14,968 75,558 23,482 12761 4~593 28,872 8,005 1,742 -89,831 20,575 18,681 7,258
473 179 ,939 8,652 *77 20,543 90,284 42,379 - 3,959 19,028 32,111 24,455 *22,898 20,617 14,811 5,594 690 2,183 1,925 -5 -10,381 ',1,783 1,670 '371 -
1,301 161 ,172 14,676 10,435 15,806 23,821 76,577 39,361 42,623 21,885 2,808 49,723 61,346 11,620 99,030 89,249 38165 4~602 2,675 7,003 '43 -7,096 13,518 7,458 1,846 -
o
12 7,945,959 719,815 847,699 397,131 1,933,650 5,339,453 1.971,485 420,479 993,B97 289,149 1,485,328 4,337,087 336,631 4,754,022 4.565,975 2,856,358 145,050 179,466 278,151 42,314 16,466 332,361 385,020 331,808 164,224 8427 28:226 3
26 6,847,192 1,093,265 389,898 702,109 1,509,754 3,533,459 1,289,486 681,891 1,267,269 314,959 1,387,169 3,403,050 480,724 4,110,446 3,757,904 2,356,517 115,645 152,983 248,780 33,858 15,799 540,564 564,079 501,151 239,696 6,998 40691 34: 382
34,651 -
168,2761 1
96,769
Q6
2,247 7,773,597 2,387,724 1,304,509 1,613,598 542,393 2,851,793 1,515,596 297,018 2,720.974 1,019.231 1,073,684 1,896,165 335,908 15,846,743 15,507,077 13,056,620 291,189 .161,881 282,699 101,660 63,452 340,332 498,941
1,300 12,801,909 3,805,657 2,054,177 2,740,057 1,043,964 4,279,515 2,191,336 587,649 4,189,478 2,020,877 1,885,450 2,792,934 424,774 24,869,313 24.203,666 21,320,522 409,119 303,052 395,030 117,955 60,408 436,809 697,139
77 3,199,388 1,044,043 589,494 480,296 253,706 1,096,312 495,905 174,083 934,546 359,448 755,877 675,627 91,969 5,295.884 5,139,213 4,527,801 73,556 87,242 99,389 21,153 6,536 33,700 127,212
42 4,994,319 1,028,993 460,532 708,727 1,155,456 1,758,252 600,365 327,029 1,015,633 488,390 1,361.021 1,712,138 193.606 6,490,679 6,261,470 5.401,581 74.887 157,038 119,256 30,331 11,365 124,624 190,991
432,742 188,974 258 867 8,677 24 130.634
606,058 281,122 378 9699 21:913 31 49323
105,371 50,137 283 95 4,487 1 10,292
176,856 83,754 383 6,707 6,975 2 45,860
I
f4' 1.
8 27,685,927 B.940.759 1,203,147 3,400,990 5,623,755 9,858,347 .3,458,127 1,434,118 1.519,687 7,549,036 2,141,934 15,122,513 514,070 38,991,492 38,542,075 15,276,191 285,793 326,115 461,670 B7,814 73,194 21.273,475 21.350,581 21,329,234 10.244,164 7604 10,025:826 22,418 26 276,475
Transportation and Public Utilities Number of returns ...................... ..... . . . . . . . . . . . . . . . . - - Total assets ...... . . .................... . . Notes and accounts receivable , net ....... ................................ . - - - - .. . . . Inventories ......... .............. . ... .... Cash. Government obligations, and other current assets ............... ...... . . . . . Dow investments and loans . - - - - - - - - - - - . . . . . Depreciable asset ......................... . . . . . . . . Less: Accumulated depreciation ........................................... - - - Other capital assets less reserves ........................ - . . . . . . Accounts and notes payable' ................ - - Other current liabilities . ~ ....... ....................... . . . . Mortgages, notes, and bonds payable in one year or more ........... ....... - . . . . . . . Net worth ............ . ....................... Cost of property used for investment credit ................ ...... Total receipts ...... ....... ...... ... . ..... . 11usiness receipts .................. Cost of sales and operations ...... .................. . . ........ Taxes paid ............. .................. . ......... ....... Interest paid . . ~ ............. I .......................... - - - Depreciation ..................... . . .. . . . . Pension, profit-sharing, stock bonus, and annuity plans ....................... ........ ... . . . . . . Employee benefit programs ...... Net income (less deficit) ........ ...... . Net income ................. . . . . income subject to tax .................................. ...... I ........... ..... Income lax, total ............ Additional tax for tax preferences ................... ... ..... . . Foreign tax credit ......................... . . . . .. . . . . . . . Investment credit .. ~ .......... ..... . . . Work incentive (WIN) credit .......... Distributions to stockholders except in own stock ....................
191,219 76,691,947 20,796,335 12,554,152 15,131,449 7,031,497 28,435,327 13907,750 3:861,667 25,747,455 9,477,324 12,637,295 19,029,077 3,268,116 146,955,117 143,412,715 116,845,554 3,010,151 1,973,244 2,846,195 799,630 545,206 2,236,262 4,514,864 3,477,260 1,332,299 1,461 1 52834 47!424 81
24,903 1,298,143 169,032 229,959 279,967 141,960 310,407 131,632 176,188 512,621 122,885 312,745 -48,169 17,955 272,871 181,351 106,506 14,690 30,536 21,705
16,012 727,892 144,165 139,732 130,159 80,489 286,953 134,498 57,370 226,273 47,056 192,943 140,845 22,299 637,493 595,512 364,932 24,416 17,274 29,786
937 -89,511 35,393 7,923 2,996 -
1,77A -28,519 33,971 16,639 3,501 *13 364
464,553
-1,452
98 -
1 - 1. Sample and Limitations of the Data." Footnotes at end of table. See text for 'E~fplanalioii of Terms" and "Description of the
25,471 1,314,697 211,159 232,248 247,409 121.353 649,096 323,502 97,312 469,492 127,212 299,100 142,908 79.475 1,939,573 1,885,362 1,201,226 63,189 47,856 77,353 6,137 6,787 -36,752 83,934 33,265 8,789 (1) * 492 16,686
(~)12,798
122 31
1
17 6,918,530 1,913,813 418,895 1,108,885 1,273,418 2,937,074 1,151,797 214,819 1,617,813 810.228 953,809 2,784,737 443,098 12,198,756 11,720,196 10,145,363 140,369 156,572 261,389 104,942 53.300 393,619 432,256 405,848 192,779 77 33,910 28,502 1 85,091
-4 Go
RETURNS OF ACTIVE CORPORATIONS Table 7.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Industrial Division, by Size of Business Receipts-Continued JAD figures are esfinnates based on samples-money amounts are in thousands of dollars] Total oreturns I active corporations
Under $25,000~
$25,000 under $50,000
$50,000 under $100,000
$100,000 under $500.000
$500,000 under $1,000,000
$1,000,000 under $5,000,000
$5,000,000 under $10,000,000
$10,000,000 under $50,000,000
$50,000,000 under S100,000,000
$100,000,000 under $250,000,000
$250 ,000,000 under $500,000,000
S500 ,000,000 or more
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
56,053 1,268,123 205,369 171,755 205,465 223,854 425,015 151,635 90,739 309,632 72,916 223,750 358,050 58,699
36,191 1,138,131 152,192 257,900 190,796 85,687 495,326 184,895 87,907 306,245 54,044 247989 211:270 78, 903
66,986 2,803,298 350,049 781,687 381,265 185,853 1,229,230 492,475 164,868 732,771 141,888 612 ,565 758,151 161,932
249,418 25,381,920 4, 588,506 8,499,570 3,784,728 1 ,591 ,501 9,557,203 4,510,603 912 ,588 7,185,960 1,588,423 4 ,055 ,131 9,582,417 964,822
83,145 21,714,826 4,956 ,965 7,547,007 2,978,225 1 ,200 ,279 7,195,694 3,455,495 655, 013 6,910,151 1,449,856 2 ,804, 363 8,827,175 693,773
99,402 67,434,574 17 ,095 ,303 25,723,658 7,986,884 3 ,440 ,271 19,154,398 9,210,012 1 ,768,916 26,325,412 4,654,047 6, 999, 185 25,987,900 2,073,027
14,367 29,041,101 7 ,727, 816 10,850,832 2,915,208 1 ,771 ,625 7,906,408 3,542,088 791 ,946 11,787,676 1,981,035 3, 206 ,233 11,050,355 902,005
7,776 45,820,768 12, 649,566 15,854,270 4,551,762 3, 361 ,553 11,690,830 4,966,189 1 ,298 ,020 18,063,425 3,420,521 4 ,945 ,460 17,650,489 1,417,623
669 18,515,315 5,298,593 5,488,910 1,820,058 1 ,776 ,340 5,106,474 2,047,389 541 , 918 5,770,134 1,287,449 2,681,576 8,072,809 478,207
35B 17,785,561 4,343,400 5,628,807 2,076,489 1,394,136 5,400,860 2,158.535 543,023 5,922,717 1,320,669 2,625,638 7,001.580 537,406
134 14.579,927 2,724,000 4,522,255 1,461,990 1,283,127 5,705,030 2,115,673 578,033 4,380 ,509 1,285,942 2,509,168 5,601 ,353 597,294
133 78,013,182 24,596,275 18 ,918,414 6,976,265 9,251,345 24, 344 ,241 9,648,110 1,763.430 27,088 ,923 7,838,476 11,384,061 27,548 ,185 2,256 ,718
662,399 466,647 241,826 27,660 18 ,957 32,673 -1,867 840 -104,766 73,360
1,434,630 1 ,342 ,139 732,164 53,400 25 ,108 48,986 1,892 1,266 -74,331 69,062
5,152,424 4 ,986 ,002 2,755,188 166,197 67, 123 121,857 14,522 5,941 -102,098 170,769
63,627,284 62 ,412, 571 38,979,532 1,509,067 567,410 935,170 162,959 109,101 1,039,572 2,066,249
59,868,110 58 ,848,551 40,536,340 1,157,843 493 ,691 680,810 194,462 112,466 1,559,783 2,048,211
214,566,197 211 , 167,555 163,480,543 3,059,547 1,688,747 1,808,593 720,302 350,764 5, 129 ,024 6,127,351
100,491,768 98,981,342 80,335,128 1,233,954 807,802 744, 505 303,323 150,251 2 ,475, 148 2,765,958
147,368,278 144,973,791 118 ,370, 965 1,944,902 1,205,555 1 ,106,218 364,736 227,056 4, 250, 563 4,766,795
49,168,722 46,487,671 38, 233 ,924 724,071 449,725 411 ,644 122,256 80,622 1 .946 ,837 2,135,765
55,816,993 54,757,908 44,610 ,036 819,193 413,966 468 ,963 132,597 93,801 1 ,57 0,309 1,729,070
46,664,706 45,934,526 37 ,214 ,445 568,026 322,080 450, 604 112,326 93,921 1,036,093 1,219.455
225,117,361 221,104,847 179,809 ,1 13 2,571,651 2,527,009 1,907,256 652. 011 559,749 3,763,296 4 ,509,676
41,454 13, 164 -
73,332 14 ,741 -
122 1,118 39,027
29,874 8,373 '12 519 13,940
1,185 25,381
1,211,363 28 5,7 19 ( 1) * -1,131 23,220 * 25 431 ,292
1,337,187 360,613 (, . ) 1,802 27,766 (1) * 275 . , 498
4,280,956 1,491,642 124 7831 96:793 255 930 ,456
3,345,536 1,534,282 83 15,029 80,290 73 779 ,993
1,303,797 617,878 159 5 ,254 33,356 27 386,064
1,336003 636:678 18 9 ,873 37,490 41 257,019,
1,029,324 490,171 321 32,395 40,713 61 165,480
3,890,649 1,862,727 62 136,282 184 ,412 82 1,263,320
59,640 11,414,047 1,394,602 15,235 2,027,982 2,165,455 5,328,746 2 ,043, 481 2,192,098 1,653,763 464, 911 3,560,292 4,253,569 44, 556
52,715 14,858,380 1,766,354 50,007 2,340,123 2,873,720 7,806,497 3 ,161 ,485 2,655,696 2,051,861 822 ,900 4,721,377 5,892,664 107 ,053
62,319 56,528,427 12,969,603
10,964,057 19,095,136 6, 692,234 5,162,852
11,344 60,258,274 21 ,067,838 170,668 18, 949, 733 12,470,762 7,618,181 2,466 ,803 1,651,465
7,268,238 17, 775 ,222
3,915,457 39, 176 ,360
269,770,527 4,651 ,235
208,200 18,430,234 2,080,789 49,579 3,295,527 4,153,491 5,481,353 1,886,088 4,486.025 3,322,241 737 ,550 5,738,960 5,549,838 60, 728
14,324,160 13,751,083 322,034
6,374,941 8,822,326 190,822
13,051 278,321,398 87, 188, 347 354,696 75, 547,657 97,588.096 15,386,646 4,343 ,324 3,265,992 14,925,530 205,082,853 15,365 ,636 33,735,305 455,327
1,955 139,476,569 29, 161 ,256 334,366 31 , 145 ,139 71,422,373 5,925,923 1 ,492 ,018 1,440,359 7,483,172 101,389,743 7 ,108,031 17,797,132 205,787
1,903 359,367,037 68,236 ,459 407,371 78 ,035 ,934 194,943,006 12,068,169 2.524,579 2,822,816 22,038,359 251,171,348 16,368, 193 45,292,093 618,281
348 197,722,198 48 ,487,496 66,198 45,663,472 94,834,612 5,765,885 1,144,857 924 ,757 9,574,761 135.299,933 9, 177 ,288 26,432,206 408,536
226 255,399,559 80,449,664 424,627 70,414,276 92, 132 ,715 6,293,039 1,166,975 831 ,118 14,409,193 167,556,854 10 ,457,558 26,908,256 487,864
64 155,994,555 44,788,898 42,110 38,841,960 66,561 ,999 2,818,503 594,072 275, 958 9,988,770 96,067,843 5,476,758 16,152,747 349,765
p lans ....................... mployee benefit programs .... I ..... I .................... ................. at income ( less deficit) ... _ ......... I Nei income .................... - - . . . .. . . . . . . ... . . . . .
315,795,981 157,126,715 84,614,209 9,125,550 77,677,659 6,877,795 2,433,380 902,438 11,663,330 18 ,825, 003
1,649,686 383,148 64,694 265,463 411,606 222,288 1,109 3,697 -466,428 334 ,200
2,136,115 764,979 98,633 249,024 315,043 212,346 2,854 5,385 197,087 425 ,005
3,726,432 1,756,168 274,428 376,197 462 ,678 327,042 13,558 9,878 371,488 621 , 288
81 774,195,278 257,142,775 1,428,186 188,914,918 289 ,795 ,716 13,589,026 3.377,942 1 ,180, 739 43,141,320 406,185,788 43,034,663 65,183,308 1,400,482
13,080,362 7,414 ,505 1,713,009 891,826 1 ,959 ,405 823,544 96,791 40,371 763,473 1 ,438, 133
7,938,827 3 ,389 ,680 1,022,305 370,115 2 ,053, 889 333,215 67,949 28,326 428,784 757,301
27,728,483 8 ,083 ,113 2,654,063 888,190 10 ,739, 218 742,138 210,348 100,515 1,282,360 2,151,723
13,699,559 3, 994276 1,489:516 374,676 5, 637,029 284,777 94,313 44,580 656,973 1,055,656
39,912,013 14,479 ,888 6,979,283 1,000,437 14,596 ,967 658,046 261,492 130,986 1,154,120 2,619,139
24,516,064 10,095,019 5,111,358 612,893 7,759.126 429,067 174,281 75,793 967,908 1,449,918
34,162,654 16,604,490 8 ,699,543 828,746 8,410,144 555,708 274 ,200 133 ,464 695,522 1,281,370
ncome subject to tax ................ ........ . . . .. . . .. . . .... . . . ncome tax, total ................... .... . ...... . .... . .. . . . .. . . Additional tax for tax preferences ............ . .. . .... .... . . .... Foreign tax credit .... . .. .... ...... . ..... . . . . .. . ... .. . . .. Investment credit .... .. ... . . ... .. Vork incentive (WIN) credit ................... . ............. .. . .... . . . hstributions to stockholders except in own stock ............... ......... . .
13,141,553 5,644,729 41,077 748,039 222,812 173 8,729,977
21,268,568 10,809,579 5, 514 ,326 497,880 5,606,344 299 ,347 210 ,062 51 ,747 778,683 9115,436
125,977,218 79,351,870 50,993 ,051 2,770,103 19,726,210 1 ,990 ,277 1 ,026 ,423 277 .696 4,833,360 5,705 ,834
240,861 48,430 -
323,574 73 ,719 '16 1 , 302 152,797
456,888 112, 576 '13 101 3, 173 (1) * 171,993
1,028,069 299, 797 276 1,406 11 ,410 -4 349,033
531,575 182,461 143 2,137 7,138 268,715
1,370,516 550.074 6,002 7,002 21,760 22 1,020,275
484,361 216 ,91 1 5 ,556 4,948 9,382 3 631,628
1,129,896 535,226 13 ,373 13,781 24,251 25 1,677,319
696,009 335,103 5,624 9,630 15,848 11 1,005,608
854,618 408,540 2,015 21,553 19,026 13 947 ,801
882,941 423,466 1,901 38,377 19,472 39 364 ,762
5,142,245 2,458,426 6,174 649 ,084 89,356 56 1 ,93 1 ,409
Industrial division, item
Size of business receipts
Wholesale and Retail Trade Number of retums ............................................................. Total assets .......................... ........................................ Notes and accounts receivable, net ....... ...................................
614,632 323,496,726 84,688,034 104,245,065 35,329 ,135 25,565,571
Inventories .................................................................... Cash. Government obligations , and other current assets ......................
Other investments and loans .............................................. ... Depreciable assets ......... .................................................. Less: Accumulated depreciation ............................................. Other capital assets less reserves ............................................ Accounts and notes payable, ......... ... ........................ ........ Other current liabilities .................................... ................... Mortgages. notes, and bonds payable in one year or more ................... Net worth ..................................................................... Cost of property used for investment credit ...................................
98,210,709 42,483 ,0 99
9,196,401 114,783,555 25,095,266 42,295,119 122,649,734 10 ,220,409
Total receipts .................................... ............................ Business receipts ................................... .......................... Cost of sales and operations ................................... ............. Taxes paid ........................... .............. ......................... Interest paid ....................................................... ........... Depreciation ........ .......................................................... Pension. profit-sharing, stock bonus, and annuity plans ...... ................ Employee benefit programs ............................ ............. ..... Net income (less deficit) ................. .................................... Net income ............................ ....................................
969,938,872 951 ,463, 550 745,299,204
Income subject to tax ....... I ................ ~ I ........... I .... I ..... I ... ..1. Income tax, total .................. . . . . ................................. ..... Additional tax for tax preferences .... .. . .. ................................ Foreign tax credit ................... ......................................... nvestment credit ...................................................... ....... Work incentive (WIN) credit ................................................... Distributions to stockholders except in own stock .............................
19,807,361 8, 131 ,078 915 210,901 570,930 628 5,029,897
13,835,511 8 ,587, 173
8,717,279 2,783,253 1 ,785, 778 22.489,430 27,681,721
1,927,886 815,090 148 1,080 44,068 64 462,407 .
Finance, Insurance, and Real Estate' Number of returns ........................................... . .......... . . otal assets ..................................... .......... .. . . ...... . .. Notes and accounts receivable, net ...................... ............... .... riventories .................................... . . ........ . .. . ...... Cash, Government obligations, and other current assets ...................... Other investments and loans .................. .......................... Deprecia ble assets ................. . . . ...
411,846 2,321,965,956 654,734,081 3,525,486 568,454,447 939,906,002 107,177,104 30,893,858 26.B89,875
....
Less: Accumulated depreciation ........ ................... . . ........ ther capital assets less reserves ...... .................. ............ . . kccounts and notes payable 2 . ... _ _ ~ ....................... .......... .. Aher current liabilities ...................................... . .......... ... Mortgages, notes, and bonds payable in one year or more ................... ef worth ............. ......... .. ... . ... . - .. .. - - - ... ;ost of property used for investment credit ...................................
139,772,665 1 ,421 , 731 ,305
141,707,857
'otal receipts ..................... .............. ........... . . . . .. . . . usiness receipts ................................. . ............. . . . .. ;ost of sales and operations ................................................. axes paid ....... ............... . iterest paid ........... ............ ... . .. ..... . epreciation ........ ........ ... ....... lension, profit-sharing. stock bonus, and annuity
.
-4 694 208,637
182,443 13, 277, 726
1
1
1
1
CID Q
RETURNS OF ACTIVE CORPORATIONS Table 7.-Selected Balance Sheet, Income Statement, and Tax Items, and Distributions to Stockholders, by Industrial Division, by Size of Business Receipts-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars] Industrial division , item
Services Number of returns ............................................................. Total assets ......... _ ................................ ..... . . ........... Notes and accounts receivable, net ... ....................................... Inventories .......................................... . ............ . - Cash, Government obligations, and other current assets ... I ... ... .... ....... Other investments and loans ..... ................................. ....... Depreciable assets .............................. Less: Accumulated depreciation ............................................. Other capital assets less reserves ............. .............................. Accounts and notes payable7 ................... ........................ .... Other current liabilities ............. ........... _ .............. ............. Mortgages, notes. and bonds payable in one year or more .......... ........ Net worth .............................................................. . . . Cost of property used for investment credit ................... ............... Total receipts .............................. .................................. . . .. . Business receipts .......... . ..... . . . . . . . . . . Cost of sales and operations ............... _ ................. . . ...... Taxes paid ............. ............................. .. . . .... . . . . . Interest paid ................................. ................. _ ........... . Depreciation ....................................... ............. ............. Pension. profit-sharing, stock bonus, and annuity plans ....................... Employee benefit programs ................................................... Net income (less deficit) .................... ............................. Net income ........................................ ........................ Income subject to tax ................ I .... ...................... ... I ........ Income tax, total .. ~ ..................... .................. . ........ . . . . Additional tax for tax preferences .......... ___ ............................ . ... .... ... . Foreign tax credit ....................................... Investment credit ................................... .. .. . . ............ Work incentive (WIN) credit .............................. ........ . . . . Distributions to stockholders except in own stock .............................
Total returns I active corporations (1)
Size of business receipts S1,000,000 $5,000,000 under under $5,000,000 $10,000,000
Under $25,0001
$25,000 under $50,000
S50,000 under $100,000
$100,000 under $500,000
$500,000 under $1.000,000
(2)
(3)
(4)
(5)
(6)
47,277 1,807,824 234,552 90,767 262,602 174,923 1,329,810 528,054 147,979 397,923 99,650 471,106 477,036 124,355 1,860,147 1,724,310 565,180 75,607 58,605 122,063 13,003 4,758 -24,258 114,568 60,919 13,069 .1 2,915 14,609
72,421 3,703,134 420,944 128,042 648,122 395,947 3,027,097 1,438,314 319,989 718,410 269,189 1,186,676 996,608 263,004 5,585,229 5,333,030 1,892,295 215,002 118,762 287,062 117,284 24,594 55,877 298,614 176,979 37,859 (1) 6,2 55
*30,634 -5,184 *224 -4,802
*17,818 -2,224 1 3,534
'11,823
'5,377
*9,967
1 7,304
'11,481
-8,224
14,544
'650 - 8,507
- 2,277
'453 *32,489 9,695 -4
128 '15,833 *768
* 765
6,887 -1,840 '640 236
*26,112 *10,628 -4,928
'10,314 *-13,165 (1) * '17,631 '17,123 '14,739
106,169 101,216 46,996
'1,491 '132,551 129,969 ' 100,660 1,627
378 :270 -
'2.459 ' 1,084 -2,812
* -2,926
6,141
-2
2,913
435,672 90,534,067 14,481,901 4,452,947 12,733,693 12949 54 60~17B:1 65 24,651,082 5,785,710 19,559,762 8,434,818 27,083,346 26,855,374 6,028,056 131,377,364 125,747,462 63,724,869 4,444,485 3,279,438 6,760,323 2,361,011 662,819 3,396,744 6,025,592 4,468,681 1,640,778 978 73,281 243,184 676 855,402
118,541 3,807,783 481,904 173,369 481,569 730,217 1,963,703 808,392 474,262 1,175,459 286,242 998,552 280,619 194,341 1,309,354 867,576 316,910 104,685 81,286 171,865 2,958 4,189 -284,738 181,574 102,020 27,068 '592 2,889
1,701 365,528 88,655 95,993 37,556 56,203 78,220 36,400 24,327 82,071 42,688 77,793 117,374 7,330 691,731 656,476 491,079 9,635 9,840 6,713 4,323 801 23,121 40,352 18,474 6,612
597 53,910 -4,908 1 4,541 2,776 *20,004
53,550 -
47,454
159,537 17,128,163 2,223,461 644,103 2,815,570 1,770,264 13,750,579 6,189,719 1,356,234 3,462,996 1,120,985 4,908,394 5,732,440 1,251,538
(7)
35,937,585 34,949,161 14,069,679 1,232,142 573,703 1,298,397 1,187,218 190,900 858,974 1,460,385 998,109 236,487
23,399 8,522,945 1,359,400 378,382 1,256,504 727,166 6,704,049 2,830,909 601,787 2,091,504 711,354 2,833,137 2,259,780 563,357 16,471,492 16,050,911 7,342,408 573,367 341,575 655,518 427,467 76,684 466,131 698,727 469,489 138,192
41,019
23,148
167,062 1
71,952
389 *50,176 *9,389
'155 *46,166 15,901
$10,000,000 under $50,000,000
$50,000,000 under S100,000,000
S100,000,000 under S250,000,000
$250,000,000 under S500,000,000
$500,000,000 or more
(9)
(10)
(11)
(12)
(13)
72 4,145,229 660,310 190,777 459,729 834,065 2,688,121 1,111,620 183,335 685,794 375,911 1,399,247 1,314,360 192,284 5,351,930 5,144,265 3,326,139 173,792 147171 289,182 45,017 27,245 118,037 227,886 198,093 93,372 88 14,674 7,846 6 55,862
48 7,595,778 1,195,792 348,503 831,283 1,373,150 4,358,350 1,487,623 350,789 1.340,575 663,169 2,527,690 2,574,858 388,212 7,580,505 7,286,039 4,262,663 251,805 306,850 572,099 40,721 47,094 204,079 313,062 284,978 135,580 499 160 ~ 7 725 1 72,8
16 4,516,240 714,557 340,016 517,469 905,333 2,273,696 727,405 200,654 749,349 385,159 1,506,590 1,591,011 437,054 5,662,566 5,366,024 3,119,752 161,386 183,484 527.241 27,155 21,542 286,552 290,930 263,502 119,461 54 9715 23:720 8 42,616
8 7,480.327 921,609 509,149 1,067,134 2.365,044 3,016,163 943,562 204,802 653,179 1,697,113 966,501 3,342,143 504,112 6,488,729 5,911,237 3,857,639 08,994 159,657 541,401 25,862 20,892 322.883 341,363 325,944 154.856 23,714 42,399 1 48,034
-
-
-
-
(8)
12,577 15,484,527 2,803,608 815,946 2,048,934 1,403,222 11,259,689 4,484,260 944,417 4,121,215 1,226,760 5,321,484 3,551,981 1,151,904 24,408,217 23,519,375 13,090,823 820,065 651,368 1,218.940 296,734 130,395 618,409 1,007,247 735,824 288,972 26 4,339 38,645 285 137,198
1,112 5,251,682 1,027,326 254,451 805,989 583,112 3,291,599 1,299,076 321,150 1,217,986 499,411 1,615,360 1,540,459 382,157 7,953,225 7,624,780 4,695,760 257,930 202,137 357,144 73,977 46,980 231,151 365,526 271,653 122,654 40 2,293 13,093 38 49,724 1
664 11,090,435 2,438,438 579,442 1,538,788 1,686,711 6,515,309 2,802.148 680,312 2,945,372 899,875 3,348,609 3,194.079 575,738 12,768,385 11,970,754 7,185,621 439,710 454,840 719,411 103,615 67,546 543,647 725,710 581,171 273,208 231 6,124 23,530 34 94,515
Nature of Business Not Allocable Number of returns .................................... Total assets .................. ............ . . .. ... - - .... .............. Notes and accounts receivable, net ................... _ - - .. - Inventories ....................................... _.. - - - . ... . . . ....................... Government obligations, and other current assets Cash Otner investments and loans .......................... .. . . ... . ... . . . Depreciable assets ............ . . ... .. . . . ...... . . . . . . . .. . Less: Accumulated depreciation .. ~ ..................... . . ...... . . . .. ... . Other capital assets less reserves ............... . . . . . . . . . . Accounts and notes payable' .......................... . .. .. . . . . ... .. . Other current liabilities ................................... . . Mortgages, notes, and bonds payable in one year or more ........... ....... Net worth ...................... . ...... ..... . Cost of property used for investment credit - ...................... .......... Total receipts .................. . .......... . . Business receipts ..... . . ... . Cost of sales and operations .................. .... . . . . . Taxes paid ............. . . . Interest paid .............. . . . . . . .. Depreciation .................. . . ...... . . . .................... Pension, profit-sharing, stock bonus, and annuity plans Employee benefit programs .................. . . . . . . Net income (less deficit) ............................. . . Net income ... ................ ........ ............................ Income subject to tax - - . . . Income tax, total ................. ...... . . . Additional tax for tax preferences ................................ Foreign tax credit ......... . . . . . . . Investment credit ............ . . . . . . . (WIN) credit .......................... . Work incentive Distributions to stockholders except in own stock .............. ..............
170 10,730
-5,312 3,711
'16,229
n
' 771 48
33 51,291 17,437 9,031 2,746 15,431 8,966 3,679 823 13,540 2,264 7,584 26.165 2,217 70,848 68,458 45,632 856 1,345 1,035 220 116 7,889 7,914
16 115,533 33,612 47,651 6,192 9,558 24,582 10,062 872 35,920 31,978 10,722 28,514 2,085 331,533 327,240 277,484 3,831 2,451 2,228 766 241 ll ',584 14,101
1,845 669
7,298 3,468
37
15
3,124
6,028
'Estimate should be used with caution because of the small number of sample returns on which it is based. appropriate totals. -Data deleted because of the small number of sample returns on which they were based. Deleted hta are included in the combined frequenc,ies or amounts that include the data thus deleted from another size class. * * Identifies (a) size classes for which data were deleted because of the small number of sample returns on which they were based and (b) statistics for Finance, insurance and real estate industries. used in lieu of business receipts to classify 'Size of total receipts was Includes accounts payable~ and mortgages, notes, and bonds payable in less than one year. 'Less than S500 per return. 'includes returns with zero receipts and receipts not reported. tabulation, See text for "E> planation of Terms" and "Description of the Sample and Limitations of the Data," NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to
RETURNS OF ACTIVE CORPORATIONS Table 8.-Book Net Income or Deficit, Provision for Federal Income Tax, by Major Industry [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry Mining Item
All industries
(1)
A griculture, forestry, I, and shing
Total mining
Metal mining
1~oal mining
(2)
(3)
(4)
(5)
Gonstruction
Oil and gas extraction
Nonmetallic . minerals xcep t fu~ls
Total construction
General building contractors and operative builders
(6)
(7)
(8)
(9)
Manufacturing
Heavy construction ontrac tors
Special trade contractors
Total manufacturing
Food and kindred products
Tobacco manufactures
(10)
(11)
(12)
(13)
(14)
Total returns of active corporations: Number of returns ......................................... Tax net income (less deficit) ...............................
2,023,647 82 ,957,585
56,280 449,016
14,242 12,326, 925
1,089 -60, 124
2,474 784 ,479
7,340 11 ,443 ,223
3,339 159, 347
191,219 1 ,051 , 468
74,587 1 5 ,658
15,197 471,189
101,435 564,621
217,354 38,798,540
14,442 4,087,440
39 780,428
Returns with book net income or deficit: Number of returns ....... .............................. Tax net income (less deficit) ............................... Book net income (less deficit) ..............................
1,861,893 72,753,528 88,828,436
51,468 401,969 521,819
12,414 11,671 , 779 5,813,374
770 36,689 153.153
2,187 463 ,568 786,934
6,354 11 ,026 ,474 4,525,858
3,103 145,048 347,429
176,382 960,695 1,394,069
68,715 69 ,336 220,561
13,815 346 ,122 591,408
93,852 545,237 582.100
202,466 31,147,179 35,207,833
13,640 3,168,786 3,371,602
31 355,790 397,965
Provision for Federal income tax, net: Number of returns ............ .................... ..... Amount . ......... ............... .......................
692,411 35,213,412
13,329 197,005
4,466 886,832
67 33,335
771 325,888
2,415 379,732
1,213 147,877
57,878 956,395
21,099 318,490
5,362 322,124
31,417 315,781
84 ,812 19,007,229
6.77B 2,184,421
29 278,465
Provision for Federal income tax I+): Number of returns ..................................... Amount ... ............................ ...............
661,869 37,280,530
12,828 215,317
4,327 900,788
2,390 380,611
1,118 150,227
53,951 1,057,493
20,026 368,218
4,949 349,148
28,976 340,127
79 ,299 19,832,162
6,581 2,247,272
25 279,821
Provision for Federal income tax I-): Number of returns ....................... ............. Amount ................ ...............................
30,542 2,067,118
501 18,312
139 13,956
95 2,350
3,927 101,098
1,073 49,728
413 27,024
2,441 24,346
5 ,513 824,933
197 62,851
-4 1,356
Total income tax after investment and work incentive (WIN) credits ............................................. Foreign tax credit ............... ..........................
49,943,132 17, 725 ,369
240,854 2 ,707
10,595,352 9 ,842, 351
40,915
297,999
10,157,119 9,809 ,464
99,319 * 25,786
964,625 30,745
334,824 18,143
284,716 6,325
345,085 6,277
23,355,062 6,821,037
2,356,879 298,326
264,874 17,463
Returns with book net income: Number of returns .........................................
1,151,214
30 670 .
7,563
128
1,327
4,030
2,078
101,660
37,288
8,864
55,508
128,919
9.724
27
Returns with book net income and tax net income: Number of returns ........................... ........... Book net income ........................................
1,072,795 105,552,108
29,306 1,118,057
7,186 6,057,158
1,174 860,797
3,840 4,629,802
95,720 3,127,149
35,092 1,087,912
8,570 838,811
52,058 1,200,426
123,258 38,975,684
9,257 3,642,139
92,892,515 36,376,055
1,037,579 195,951
12,189,773 871,390
575,997 316,690
11,305,283 374,311
2,891,969 993,411
995,687 341 ,733
708,561 321 ,770
1,187,721 329 ,908
35 ,498,346 19 ,598,953
3, 436,553 2, 211 ,87 9
49,771,315 17 ,704, 763
237,503 2, 707
10,589,192 9,841 ,605
295,987 *101
10,155,428 9 ,808,718
957,903 30,745
331,311 * 18,143
283,292 6,325
343,300 6,277
23,302,157 6,808,669
2,354,656 298,221
78,419 3,569,400 1,861,311 -42,454
1,364 44,686 10,954 -1,606
377 117,964 107,196 16,945
153 20,662 7,335
190 55,839 77,063 4,187
5,940 107,536 147,437 30,484
2,196 43,922 63,759 14 ,221
294 44,764 64,627 13, 598
3 ,450 18,850 19 ,051 2 ,665
5 ,661 363 ,798 267 ,209 -26 ,557
467 15 ,100 8 ,846 - 2 ,4 9 9
13,478
27
3,214
223
113
97
13
5 ,417
710,679
20,798
4,851
642
860
2,324
1,025
74,722
31,427
4,951
38,344
75,547
3,916
-4
642 52,736 48,259 ' -7,700
849 90,670 108,351 5,660
2,296 153,126 212,530 -443
983 53,134 56,868 -1,477
72,363 1,811,371 1,813,846 -74,531
30,489 896,861 881,460 -40,505
4,647 286,563 304,267 -16 ,239
37,227 627,947 628,119 -17 ,787
71 , 228 3,993,103 4,207,702 -558, 147
3, 689 275, 345 267,618 - 27, 253
-4 -1 ,518 -2, 175
Tax net income .......................................... Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ........................................ Returns with book net income and tax deficit Number of returns ................. ... _ ............... Book net income ........ _ ............................. Tax deficit ............................................... Provision for Federal income tax, not .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit .................. _ ............. etumns with book deficit. Number of returns ......................................... Returns wth book deficit and tax deficit: Number of returns ........... ........... ............... Book deficit .............................................. Tax deficit ............................................... Provi sion for Federa l ncome i tax, not ................ ... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ................ ................ Returns with book deficit and tax net income: Number of returns ....................................... Book deficit .... .................................. ...... Tax not income .......................................... Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ........................................
685,992 19,160,483 19,009,511 -1,221,411
20,199 624,174 643,113 -7,401
4,770 349,666 426,008 -3,960
17,726
1,019
286
197
'37
1,586
281
404
901
8,236
569
24,687 1,132,589 731,835 101,222
599 16,750 18,457 10,061
81 12,082 15,210
' 3,855
28 6,657 10,784
2,359 29,245 30,009 7,031
938 14,412 18,868 3,041
304 5,604 6,455 2, 995
1,117 9,229 4,686 995
2,319 138,546 123 ,744 -7 ,020
227 10,292 8,697 2 ,294
-
140,613 20,606
2,305 -
2,660
4,913 -
3,119 -
923 -
871 -
39 ,252 12,368
1 ,654 '105
-
'1,162 -
-
Description of the Sample and Limitations of the Data.
Go -A
RETURNS OF ACTIVE CORPORATIONS Table 8.-Book Net Income or Deficit, Provision for Federal Income Tax, by Major Industry-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued ----------.1.1.1--extile mill products
Apparel and other textile products
Lumber and wood products
urniture and fixtures
Paper and P allied roducts
rinting and publishing
Chemicals and allied products
Petroleum (including integrated) and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
Item
Total returns of active corporations: Number of returns ............. .................. . Tax net income (less deficit) .... ........... ...........
5390 213:366
15,944 594,657
13,051 431,776
7,614 162,442
3,565 1,427,849
31,431 1,475,266
9,65 4,666,034
1,622 10,375,027
7,386 552,966
2,297 128,029
10,136 614,072
4,135 1,509,046
28,666 1,913,179
25.880 4,361,722
Retunns with book net income or deficit: Number of returns ......................... . . .. . . . Tax net income (less deficit) ............................... Book net income (less deficit) .............................
5,221 190,694 258,670
15,095 532,740 556,682
12,240 340,106 406,740
7,307 162,775 185,018
3,399 878,481 1,013,029
28,716 1,142,244 1,211,739
8,793 3,101,531 3,656,056
1,3130 8,472,077 8,014,229
6,822 504,382 503.668
2,240 113,605 137,059
9,584 521,824 752,178
3,902 1,385,737 2,390,691
27,009 1,641,087 1.846,371
23.858 3,782,000 5,273,622
Provision for Federal income tax, net: Number of returns ............................ . . . .. . Amount ............................... . . . . . . .. .
2,102 258,491
6,324 419,062
4,839 192,032
2,184 152,459
1,848 552,686
9,658 856,663
3,912 2,184,472
840 2,760,486
3,065 342,818
1,221 123,697
4,098 337,715
2,111 914,011
12,077 1,252,510
10,506 2,455,423
1,842 328,770
6,104 432,568
4,394 228,328
2,023 160,628
1,757 564,265
9,053 872,656
3,770 2,250,263
829 2,765,701
2,923 356,428
1,177 128,019
3,942 361,554
1,865 1,011,037
10,787 1,292,313
9,890 2,510,819
260 70,279
220 13,506
445 36,296
161 8,169
91 11,579
605 15,993
142 65,791
142 13,610
44 4,322
156 23,839
246 97,026
1,290 39.803
616 55,396
309,039 6,361
414,563 7,876
233,008 4,569
168,576 1,538
550,880 47,974
878,885 32,388
2,253,891 451,472
5,883,706 4,088,668
352,333 57,641
127,890 1,408
351,796 55,365
920,211 127,540
1286,871 94,650
3,090,149 933,649
3,182
9,988
7,700
4,406
2,546
17,692
5,754
997
4,632
1,913
6,469
2.775
16,389
14,621
2,959 581,608
9,809 716,391
7,355 676,698
4,275 287,772
16,851 1,494,594
5,607 3,794,840
814 8,046,936
4,193 614,595
1,779 213,749
6,093 860,546
2,691 2.551,798
15,672 2.163,619
14,098 5.602,049
526,370 327,539
715,953 425,724
638,784 214,907
280,254 158,186
1,401,484 853,382
3,317,342 2,236,219
8.522,557 2,759,433
599,502 347,025
196,284 126,675
700,289 353,246
1,667,954 974,536
2,039,136 1,285,379
4.210,528 2,480,412
308,658 6,361
413,289 7,873
232,219 4,569
168,529 1,536
875.039 31,932
2,240,657 447,555
5,876,951 4,087,134
351,088 57,500
126,931 1,408
349,410 55,365
915,846 127,540
1,284,068 94,458
3,088,657 933,474
223 15,619 15,321 -947
'179 '9,567
345 15,831 16,530 *-1,720
131 5,439 -4,278
841 2,344 4,121 -940
147 80,009 36,089 '-34,814
439 485
'1 34 '175
._1
*_13
376 32,286 35,073 -*3.192
84 82,790 25.721 1,504
717 7,616 21.196 2,070
523 51,399 50,248 -5.171
-3
'21
1.731
-2.841
'14
115
Provision for Federal income tax (+): Number of returns ................ . . . .. ... Amount ...................... . . .. . . . Provision for Federal income tax Number of returns .................. Amount .... ............... . . . . ..
....
. . . . .. .
Total income tax after investment and work incentive (WIN) credits . ~ ............................ . . . . . Foreign tax credit ........................ . . . .. . . . Returns with book net income: Number of returns ..................... Returns with book net income and tax net income: Number of returns ....................... Book net income ............ ... .... ... . .. .... Tax not income ............... _.. - .. .. . . . Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits ..................... . - - - - .... Foreign tax credit ... - . . ..... . . . Returns with book net income and tax deficit: Number of returns ................ . . Book net income ................. Tax deficit .............. . . . Provision for Federal income tax, net ............. .... . Total income tax after investment and work incentive (WIN) credits ........................ Foreign tax credit ............ : ....................... -Returns with book deficit: Number of returns ....... . .. . Returns with book deficit and tax deficit: Number of returns ................... . ........ . . . Book deficit ... .................. ... - - . . . Tax deficit ............. .. . . . .. . . . ... . . . .. Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits ..................... Foreign tax credit ........... . . . . . . . . . . Returns with book deficit and tax net income: Number of returns ...... ........ . . . . - - Book deficit ............. . ...... . . Tax net income ... - - - - - - - . .. . . . . . . Provision for Federal income tax, net ............... . . Total income tax after investment and work incentive (WIN) credits ....... .. . .. . . .. . . Foreign tax credit .............. .
*5,209
1,215
5,107
4,540
2,901
853
11,024
3,039
383
2,190
327
3,115
1,127
10,620
9,237
1 ,927 331,612 322,972 -68,543
5 ,020 161,792 176,222 -12,573
4,419 283,419 283,681 -22,064
2,830 106,905 115,231 -6,794
806 54,286 66,331 -10,078
10 ,842 270,706 272,275 -344
2 ,973 '192,938 209,372 -2,740
377 30,019 58,041
2,143 102,923 100,820 872
312 75,778 83,813 -3.787
3,049 139,987 144,663 -12,625
1 ,075 239,680 261,470 -60,001
10 , 113 322,212 382,705 -36.403
9 , 119 350,732 387,094 -15,133
333
169
W5
28
31
185
170
361
303
272
206
*1 12
87 7,484 2,917 '702
121 2,370 1,533
182 14,493 17,156 '4,565
66 25,855 29,650 -14,193
-6
1,288
1,087 '1,440
'667 '1.271 ' 286
52 4,217 4,974 *-2,028
507 2,652 5,852 '1,464
118 29,094 8,814 -4,685
-1 ,093 -3
'432 -
12,789 7
'3,926 '1,534
-
'294 -
1,221 -
1 and Limitations of the Data." Footnotes at end of table. See text for "Explanation of Terms" and ' Description of the ~ample
M
(D
2,039
-2 .
0 0 V 0
'606 -2
376
'47
'1 41 1
1 , 171
RETURNS OF ACTIVE CORPORATIONS Table 8.-Book Net Income or Deficit, Provision for Federal Income Tax, by Major Industry-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars]
Major industry--Confinued Manufactunng--Confinued Item
Transportation and public utilities
instruments and related products
miscellaneous manufacturing and manu I III , notealMle
Total transportation and public utilities
Transportation
(32)
(33)
(34)
(35)
Contri cation
Total wholesale and retail trade
Total wholesale trade
Groceries and related products
Machinery, equipment, and supplies
Miscellaneous wholesale trade
(36)
(37)
(38)
(39)
(40)
(41)
(42)
63,644 562.195
8.423 2,879.368
8,634 3,702,072
614,632 14,929,910
219,769 10,095,650
20.418 678.845
46,455 3,019,695
152.896 6,397.110
74,339 6,235,821 12,995,485
58,625 963,863 1,605,540
7,690 2,507,932 3,922,732
8,024 2,864,026 7.467.213
577,637 14,154,158 15,781,158
207,575 9,656,497 10.571,418
19,207 620,622 654,226
",522 2,900,679 3,010,060
W.846 6,135,196 6.907.132
4,022 331,240
22,221 3,651,338
17,540 781.538
2,547 600,544
2,134 2,269,256
226,179 6,429,177
95,209 3,113.614
8.206 308.319
20,948 706,710
66,055 2,D98,585
2,324 684,203
3,839 341,203
20,961 3,765,452
16,411 960,753
2,483 605.639
2,067 2,299.060
218,529 6,661,116
92,125 3,252,845
8,137 310,948
20,216 717,687
63,772 2,224.21 C
73 13,942
86 19,601
183 9,963
1,260 114,114
1,129 79,215
64 5,095
67 29,804
7,650 231.939
3,084 139,231
'69 2,629
732 10,977
2,283 125,625
1,286,840 139,440
288,111 19,887
806,589 162,072
335,549 25,021
2,319,032 82.766
705,540 25,739
529,027 17,980
1,084,465 39,047
6,522,243 187,802
3,329,949 111,930
307,605
719J58 9,283
2,303,1 BE 102,012
6,241
1,315
2,095
3,692
6.761
42,379
32,722
4,610
5,047
380,927
149,610
14,145
33,089
102,37C
5,937 2,263,628
1.297 1,656,904
1,936 556,642
3,630 1,170,092
6,460 613,081
38,912 13,838,794
29,678 2,597,881
4,245 4,039,791
4,989 7,201,122
360,883 19,434,907
143,507 12,045,478
13.664 775,246
32,042 3,229,402
97.801 8,040,83C
1,970,538 1,333,507
1,733,155 1,250,703
598,191 402,497
1,088,016 680,754
551,783 334,525
7,371,383 3,700,616
1,794,271 830,784
2,643,540 602,089
2,933,572 2,267,743
18,318,333 6,575,049
11,429,527 3,221,437
739,522 308,827
3,147,653 709,178
7,542,35, 2,203,43,
1,188,482 242,463
1,285,222 139,440
287,011 19,677
805,418 161.717
335,005 25,011
2,315,504 82,766
702,314 25,739
528,973 '17,980
1,084,217 39,047
6,498.872 184.441
3,319,908 110.205
306,755
717,9D4 9,283
2,295,24E 100,281
301 10,200 *5,234 -4,663
3,467 574,640 142.449 13,827
3,044 243,194 97,040 10,280
365 22,516 19,510 '589
58 308,930 25,899 2,958
20,044 262,854 195,354 11,169
6,103 95,744 81,782 5,930
481 4,684 5,843
1,047 20,020 16,137 3,292
4,57! 71,04( 59,80, 2,29;
'192
1,027
500
-4
126
3A
Motor vehicles and equipment
Transportalion equipment, except motor vehicles
(29)
(30)
(31)
Total returns of active corporations: Number of returns ......................................... Tax net income (less deficit) ..................... .........
11,517 1,920,953
2,107 1,278,111
3,868 764,872
6,053 1,038,058
12,516 503,247
80,701 7,143,635
Fletirmis with book not Income or deficit Number of returns ......................................... Tax net income (less deficit) ............................... Book net incomes (less deficit) .............................
10,541 1,529,288 1,836,874
1,986 1,497,813 1,452,930
3,720 451.632 435,157
5,707 962,770 1,023,707
11,275 411,817 483,846
Provision for Federal income tax, net: Number of returns ....................................... Amount ..................................................
4,401 1,237,475
IJ66 1,113,727
1,221 394,774
2,410 664,602
Provision for Federal income tax (+): Number of returns ................................ .... Amount ................................................
3,964 1,352,200
1,062 1,255,398
1,148 408,716
Provision for Federal income tax I-): Number of returns ..................................... Amount ................................................
437 114.725
104 141,671
Total income tax after investment and work incentive ..... WIN) credits ........................................ Foreign tax credit ..........................................
1,194,422 247,729
Returris with book net Income., Number of returns ......................................... Returns with book net income and tax net income: Number of returns ....................................... Book net income ........................................
ant
Tax net income .......................................... Provision for Federal income tax, net .................... Total income tax after investment and work incentive..... (WIN) credits ..................................... Foreign tax credit ........................................ Returns with book net income and tax deficit: Number of returns ....................................... Book net income ........................................ Tax deficit ...................................... ........ Provision for Federal income tax, net .................... Total income tax after investment and work incentive..... (WIN) credits ..................................... Foreign tax credit ........................................ Returns with book deficit Number of returns ......................................... Returns with book deficit and tax deficit: Number of returns ....................................... Book deficit .............................................. Tax deficit ....................... ....................... Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ........................................ Returns with book deficit and tax net income: Number of returns .......................... ............ Book deficit ................................. ........... Tax net income ......... ................................ Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ................ .......................
Wholesale and retail trade Wholesale trade
Electric, gas, and sanitary services
a.,.,P. Ele"n-' I ecthtmc and
304 23,933 18,627 7,607
*159 *3,247
-1,075
-2,137 1,751
565
-2 -
-
-
*15 -
4,300
671
1,625
2.015
4,514
31,960
25,903
3,080
2,977
196,710
57.965
5.062
11,433
41.47(
4,228 442,391 434,734 -105,264
14,1 : 133 995 125,360 -15,975
138':1'04 19 136,916 -7,920
30,978 1.374,155 1,006,325 -61,006
25,000 1,204,539 942,028 -56,824
3,030 132,131 120,231 -2,457
2,948 37,485 44,066 -1,725
192,180 3,858,670 4,028,172 -194,824
56,307 1,542,546 1,720,463 -120,379
4,720 120,966 116,114 -2,395
11,147 237,718 235,268 -5,336
40,44( 1,183,86: 1,369,08-112,641
157 -
134 -
82 -
1,645 -
1,629 -
-
-4 -
2.176 -
713 -
58 -
199 -
4FA -
72 8,296 12,111 1,625
411 1,3 60 2,184 '-28
, 982 43 794 13212 -2:099
903 30,996 8,660 -2,702
50 7,444 4,133 '323
'29
-5,465 :2,804 -961
4,530 57,933 59,351 37,783
1,658 27,258 29,215 6,626
342 4,738 3,057 -1,546
2B6 1,644 4,431 '-424
1,03( 20,871 21,7Z 5,50,
.1037 355
'447
1,318
1,224
20,168 -3,361
8.828 -1,725
'788
'929
5,266
7,11 1,72!
V)
373
(1)
-
(1)
Footnotes at end of table. Sea text for -Explanation of Terms" and "Description of the Sample and Limitations of the Data." am C4
RETURNS OF ACTIVE CORPORATIONS Table 8.-Book Net Income or Deficit, Provision for Federal Income Tax, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Wholesale and retail trade-Continued Retail trade Item
Total returns of active corporations: Number of returns ......................................... Tax net income (less deficit) .. ............................. Returns with book net income or deficit: Number of returns ......................................... Tax net income (less deficit) ............................... Book net income (less deficit) ........... ................. Provision for Federal income tax. net: Number of returns ....................................... Amount ............ ..................................... Provision for Federal income tax f+): Number of returns ...................................... Amount .................... - ......................... Provision for Federal income tax (-): Number of returns ..................................... Amount ................................................ Total income tax after investment and work incentive (Win) credits ............................................. Foreign tax credit ......... ............................ Returns with book net income: Number of returns ................................... ..... Returns with book net income and tax net income: Number of returns ....................................... Book net income ....................... ........ ....... Tax net income ........................ ................. Provision for Federal income tax, not . ................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ........................................ Returns with book net income and tax deficit: Number of returns .. ~ ........ ........................... Book net income ........................................ Tax deficit . ~ ......................................... ... Provision for Federal income tax, net .... ............... Total income tax after investment and work incentive (WIN) credits ... _ ~ ................................ ... Foreign tax credit ............................. .......... leturns with book deficit: Number of returns ............................. ........... Returns with book deficit and tax deficit: Number of returns ....................................... Book deficit .............................................. Tax deficit ............ .................................. Provision for Federal income tax, net .................... Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ............. ........... ...... Returns with book deficit and tax net income: Number of returns ....................................... Book deficit ......... .................................... Tax net income ......................... ................ Provision for Federal income tax, net ............. Total income tax after investment and work incentive (WIN) credits .......................................... Foreign tax credit ........................................
Total retail trade
Building materials, garden supplies, and mobile home dealers
General merchandise s tores
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishings stores
Eating and drinking places
Miscellaneous retail stores
(43)
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
Wholesale and retail trade not allocable
Total finance, insurance, and real estate
Banking
Credit agencies other than bank s
Security, commodity brokers and serv ices
(52)
(53)
(54)
(55)
(56)
394,647 4,829,419
32,231 404,481
10,291 1,205,135
29,997 718,064
67,634 613,201
36,802 443,493
35,546 107,064
76,935 365,642
105,211 972,339
216 4,841
411,846 6,241,586
14 ,118 1,399,128
52, 873 497,060
4, 580 353,012
369,850 4,492,595 5,204,904
29,931 400,134 442,480
9,279 991,684 1,260,335
27,875 654,541 758,903
64,000 618,935 675,232
35,705 393,869 410,163
33,717 212,536 277,382
70,365 344,591 436,373
98,978 876,305 944,036
212 5,066 4,836
377,533 6,379,805 15,168,602
13 ,215 1 ,326 ,972 6,661,256
48, 555 494, 176 1,476.798
3,975 149, 377 152,910
130,868 3,310,920
13,009 180,619
4,075 1,173,548
10,251 456,127
26,387 316,883
15,322 257,466
13,217 117,879
15,726 261,436
32,881 546,962
*102 *4,643
157,633 2,998,177
9, 844 927,779
21 , 704 754,259
1 ,289 121,294
126,302 3,403,628
12,732 210,684
4,007 1,182,457
9,952 469,022
25,142 327,855
14,944 260,742
12,660 122,980
15,303 267,040
31,562 562,848
*102 *4,643
151,104 3,684,142
8,888 1,134,388
20.420 787,358
1 .020 129,176
4,566 92,708
277 30,065
68 8,909
299 12,895
1,245 10,972
378 3,276
557 5,101
423 5,604
1,319 15,886
-
6,529 685,965
956 206,609
1 ,284 33.099
269 7,882
3,187,723 75,872
217,083
1,008,692 59,076
449,268
327,448
262,284 '121
127,767
243,175 -1,788
552,006 8,045
*4,571
4,831,957 719,806
1,203,560 525.672
721 ,811 32,316
119 ,082 1,074
231,211
21,418
6,075
17,164
41,682
23,320
21,388
38,912
61,252
228,285
11,854
29,955
2,112
217,270 7,383,447
20,342 617,163 593,704 209,139
5,462 1,657,477 1,425,756 1,180,015
15,982 982,836 873,300 467,412
39,988 1,012,389
22,930 606,757 -589,212 258,618
36,051 811,844 767,910 246,168
56,359 1,315,885 1,267,194 545,868
'106 *5.982 *6,069 *4 ,643
207,192 18,909,333 11,690,587 3,344 ,453
9,870 6,122,613
991,695 319,945
20,156 379,096 373,966 121,804
1 ,991 ,873 1 ,043 ,293
26 ,369 2,112,099 1 ,099 ,895 751, 747
1 ,950 255,394 223 ,512 1 19,528
3,174,393 74,236
216,612
1,008,337 59,076
448,671
325,981
261,720
127,537
240,208 '241
545,327 7,956
-4,571 -
4.772.262 717,070
1,198,741 524,632
712, 885 32,236
117, 807 1,074
13,941 167,110 113,572 5,239
1,076 15,922 4,822
613 12,348 * 49,477 1,492
1,182 1,464 -659
1,694 28,629 16,637 2,389
390 6,099 '2,347
1,232 53,143 5,295
2,861 34,450 13,726 -128
4,893 15,055 19,005 2,103
-
21,093 1,967,964 894,010 -97 ,359
1 ,984 974 ,005 307,849 -58 ,328
3, 586 120, 663 62, 563 6, 102
527 -
-7 -
-
-
233 -
-
10 -
-
2,558
1 , 354
495
162 16,099 6, 246 3,969 .1
138,639
8,513
3,204
10,711
22,318
12,385
12,329
31,453
37,726
*106
149,248
1.361
18,600
1,863
135,767 2,314,978 2,306,706 -74,445
8,212 186,727 190,137 -28,775
10,462 216,203 217,872 -11,179
21,925 362,397 360,272 -7,686
12,079 201,445 193,996 -1,835
12,009 154039 .157,248 -3,840
30,808 404,867 419,565 -5,299
37,177 379,925 382,301 -7,934
1J06 '1,146 1,003 -
142,643 4,919,559 4,824,382 277,587
1,222 398.875 374,138 -59.519
17,730 728,026 569,213 -16,923
1 ,828 112,980 71 ,944 -4 ,94 4
1,463 -
258 -
3,095 409,275 385,315 -7,897 .1 -
406 -
418 -
-4 -
-
77 -
-
968
88
345
2.872 30,675 30,136 31,157
301 3,878 1,389
249 9,194 1,376
393 3,389 4,149 2,235
1,248 1.000
320 718 1,113 *_159
645 5,054 9,972 *20,695
549 6,979 10,417 '6,925
-
6,605 789,136 407,610 28,670
139 36,487 17,086 2,333
870 27,938 26,057 13,333
' 35 '5 ,603
816
'489
'226
-2,743 -1,547
-
56,169 2,736
3,377 '1,040
8,086 so
-1 ,264 -
6,882,737 3,348,969
11,340 - 1,636 .
Finance, insurance, and real estate
'215 '-62
1
'89
'2 .7 41
RETURNS OF ACTIVE CORPORATIONS Table 8.-Book Net Income or Deficit, Provision for Federal Income Tax, by Major Industry-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued
Item
Finance, insurance. and real estate-Conti nued Holding and ther Insurance invostment gents, Insurance Real estate companies , brokers, and except bank service holding companies (58)
(57)
I
Total returns of active corporations: Number of returns ..... Tax net income (less cleficit) ' . .... .. ..**'. Returns with book net income or deficit: Number of returns ..... ......... ...... . . Tax net income (less deficit) .......... ...... Book net income (less deficit) ............... ........... . Provision for Federal income tax, net: Number of returns ............ ... . .. .... ... Amount ........................ . . . .. . ... .. .. Provision for Federal income tax (+): Number of returns ........... . . . . ... . Amount . .................... . .. . . . ... . . . ... Provision for Federal income tax (-)~ Number of returns .......... Amount ..................... .. .. ..... . . ....... Total income tax after investment and work incentive - .. (WIN) credits .................. . . . . . . Foreign tax credit .......... ..... .... . ...... . . . Returns with book net income., Number of returns ................ . . .... . . . ... . . . Returns with book net income and tax net income: Number of returns ........... . .. . . Book net income ...... .. Tax net income ........ ..... . . . .. . . . . . . Provision for Federal income tax, net .............. . Total income tax after investment and work incentive (WIN) credits ............... . . - - .. - - .. Foreign tax credit ................. . . Returns with book inet income and tax deficit: Number of returns ............ ... Book net income ............... . . . . . . . Tax deficit ......... ......... - Provision for Federal income tax, net .............. .... Total income tax after investment and work incentive (WIN) credits ............... ... Foreign tax credit ............. .. Returns with book deficit Number of returns ....... ..... . . . . . Returns with book deficit and tax deficit: Number of returns .......... ..... - - - - Book deficit ................ . . . Tax deficit ... ............ Provision for Federal income tax, net ............ ....... Total income tax after investment and work incentive (WIN) credits ............. . - . . . . . . Foreign tax credit .................. Returns with book deficit and tax net income: Number of returns ................ Book deficit ................. Tax net income ........... . . . . . . . . . . . Provision for Federal income tax, net .................... Total income tax after investment and work incentive . . (WIN) credits ......... .. ... . . . .. .. Foreign tax credit .............. . . . . . . . .
Services
(60) -
(59)
Total services
Hotels and other lodging places
Personal services
Business services
Auto repair; miscellaneous repair services
Amusement and recreation services
Other services
Nature of notbusiness allocable
(61)
(62)
(63)
(64)
(65)
(66)
(67)
(68)
7,133 1,117,823
35,950 265,002
255,603 4,592
41,589 2,604,969
435,672 1,999,826
16,047 -37,699
37,666 213,777
110,294 672,177
50,015 200,968
37,901 375,404
183,749 575,199
1,701 16,679
5,421 1,385,784 3,902,314
34,130 250,589 253.000
233,683 160,380 485,291
38,554 2,612,527 2,237,033
388,193 1,790,908 1,929,501
14,300 12,911 38,770
34,896 194,792 219,368
101,117 566,86.4 538,419
45,421 248,032 314,515
32,675 226,974 241,630
159,784 541,235 576,799
1,461 11,314 16,595
2,220 469,525
13,845 126,863
94,145 472,908
14,586 125,549
125,474 1,080,532
3,448 66,476
9,405 96,182
29.382 370,903
15,216 108,317
7,530 183,685
60,493 254,969
419 6.727
1,898 812,026
13,322 13l,682
91,634 538,966
13,922 150,546
120,455 1,157,305
3,192 85,519
9,257 98,547
27,666 397,569
14,348 112,948
7,332 191,835
58,660 270,887
415 6,755
322 342,501
523 4,819
2,511 66,058
664 24,997
5,019 76,773
256 19,043
148 2,365
1,716 26,666
868 4,631
198 8,150
1,833 15,918
-4 '28
1,948,148 133,157
137,369 5,378
536,269 752
165,718 21,457
1,107,895 38,153
79,999 *904
90,335 2,325
390,474 19,003
99,452
196,971 12,764
260,664 2,818
6,112 -2
3,638
21,717
136,137
22,872
230,082
7,294
21,603
58,1 B5
28,285
16,332
98~383
729
3,128 4,313,103 2,951,498 656,741
20,538 393,674 373,886 126,441
125,157 1,998,067 1,778,783 510,791
20,180 3,714,383 3,271,140 135,912
209,617 4,060,382 3,866,566 1,090,537
7,230 305,607 273,091 85,192
20,058 298,455 281,580 96,932
54,526 1,257,063 1,201,728 385,588
26,629 406,695 386,264 105,634
14,451 597,528 571,844 187,585
86,723 1,195,034 1,152,059 229,606
721 30,644
1,916,685 132,197
137,050 5,378
527,219 717
161,875 20,836
1,091,816 36,758
79,586 '904
90,067 2,325
387,004 18.097
98,694 '339
186,435 12,764
250,030 2,329
6,106 -2
510 331,830 414,141 -55,660
1,179 4,167 5,489 2,236
10,980 180,305 65,574 6,105
2,692 340,895 32,148 -1,783
20,465 127,539 96,677 10,273
64 7,569 5,551
1,545 5,288
3,659 28,113 27,447 3,162
1,656 20,678 37,63.4 1,221
1,881 13,278 8,786 1,875
11,660 52,613 15,325 4,789
.8
153
54
465
36
447
191
212
4
1
1,783
12,413
97,546
15,682
158,111
7,006
13,293
42,932
17,136
16,343
61,401
732
94,096 1,599,549 1,625,890 -32,361
14,280 1,262,419 858,527 -14,253
150,899 2,213,317 2,043,323 -44,617
6,978 273,353 256.B77 -17;702
12,862 83,607 B6,984 -2,108
41,568 735,142 619,564 -19,226
16,484 111,133 111,696 37
15,889 364,158 339,733 -6,180
57,118 645,924 628,469 562
732 16,4619 16,64C '662
289
29
1,804
-
-
364 -
3,450 93,532 73,061 -11,627
1,402 555,826 232,062 5,673
7,212 45,103 64,242 24,339
'1.053 -2,248
1,364 11,615 12,147 1,379
652 1,725 11,098 '1,425
454 5,018 3,649
4,283 24,924 32,970 20,012
-
8,296
3,778
13,828 1,395
'332 -
2,096
'394 -
'486 -
10,269 '489
-
1,678 677,176 1,202,862 -148,408
11,809 140,534 12l,808 -1,179
207
105 65,443 51,289 16,852 31,103 '960
604 4,307 4, 00 -635
(1)
I,1a3
-2,130 1,062 '251 -
27,979 5,695
'370
.:Estimate should be used with caution because of the small number of sample eturrisorn which It is based. included in the appropriate totals. Data deleted because of the small number of sample returns on which they were based. Deleted data are Less than S500 per return. Sample and Limitations of the Data," "Explanation of Terms" and "Description of the NOTE: See text for
0 Ul
86
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 9.-Returns with Beginning and Ending Inventories and with "Last-in, First-out"(LIFO) Inventory Method: Business Receipts, Net Income (Less Deficit), Total Income Tax, and Total Assets, by Major Industry JAII figures are estimates based on samples-money amounts are in thousands of dollars] Total returns of active corporations Major industry
Number of returns
Business receipts
Net income (less deficit)
Total income I..
Total assets
(2)
(3)
(4)
(5)
Inventories Beginning of End of year year (6)
(7)
All industries ..................................................................
2,023,647
2,961,729,640
142,636,826
66,144,308
4,286,556,273
305,689,406
317,718,545
Agriculture, forestry, and fishing ....................................................
56,280
26,624,149
746,908
354,747
21,177,941
1,847,818
2,350,028
Mining ................................................................................
14,242
63,670,496
23,574,833
11,411,846
64,505,341
2,493,779
3,369,233
Metal mining ........................................................................ Coal mining ......................................................................... oil and gas extraction .............................................................. Nonmetallic minerals, except fuels ..................................................
1,089 2,474 7,340 3,339
4,648,338 10,351,276 43,608,854 5,062,028
3,863 1,337.125 21,968,782 265,063
74,819 612,957 10,600,805 123,265
10,097,824 8.899,365 39,701.815 5,806.337
739,494 348,866 930,212 475,207
903,524 432,698 1.415,218 617,793
Construction ..........................................................................
191,219
143,412,715
2,236,262
1,332,299
76,691,947
12,437,038
12,554,152
General building contractors and operative builders ...................... .......... Heavy construction contractors ...................................................... Special trade contractors ............................................................
74,587 15.197 101,435
63,283,333 29,986,602 50,142,780
420,735 868,834 946,693
441,511 467,419 423.369
39.368,084 16,644,007 20,679,856
8349.406 :045 071 1 3,042:561
8,385,747 1,132.964 3,035,441
Manufacturing .........................................................................
217,354
1,258,338,650
68,406,627
32,475,947
944,581,970
170,975,443
172,948,362
Food and kindred products ..................... .............................. .... Tobacco manufactures ......... ....... ............................................ Textile mill products ............................... ........................ ....... Apparel and other textile products .................................................. Lumber and wood products .. .......................................................
14,442 39 5,390 15,944 13,051
164,051,477 14,058,126 29,632,023 31,402,423 27,754,136
7,207,810 1,402,553 592,602 1,060,883 719,637
3,390,945 656,947 430,343 484,281 366,889
75,310,541 15,051,926 19,138,761 13,772,322 24,557,729
15.799,052 3,580,286 5,066,641 4,420,770 4,047,999
16.078,674 4,305,908 5,043,240 4,665.044 3,942,899
Furniture and fixtures .................................... .......................... Paper and allied products ........................................................ Printing and publishing ............................................... .............. Chemicals and allied products ................................................... Petroleum (including integrated) and coal products ..................................
7,614 3,565 31,431 9,695 1,622
10,520,005 33,652,795 38,644,311 98,224,782 259,478,848
347,077 2,292,594 2,623,706 8,149,472 17,506,582
195,717 1,024,046 1,230,340 3,900,973 7,640,623
5,665,636 27,907,971 27,313,008 83,479,628 176,164,845
1,693,303 4,206,927 3,310,311 14,687,497 10,560,364
1,650,164 4,105,330 3,187,053 14,887,114 11,279,052
Rubber and miscellaneous plastics products ............................ ........... Leather and leather products ................................................ ....... Stone, clay, and glass products ..................................................... Primary metal industries ............................................................ Fabricated metal products ...........................................................
7,386 2,297 10,136 4,135 28,666
24,005,862 '8.357,915 26,589,002 79,828,412 59,348,401
942,014 269,619 1,043,795 2,634,913 3,438,115
446,503 147,462 519,271 1,286,220 1,650,044
17,272,327 4,370,219 23,264,273 79,364,162 38,855,968
3,955,581 1,345,877 3,669,082 11,998,394 10,104,051
3,777;539 1,338,633 3,625.767 13,700,362 9,961,496
Machinery. except electrical ......................................................... Electrical and electronic equipment ........... I ..... I ....................... I ....... Motor vehicles and equipment ... - ................................................ Transportation equipment, except motor vehicles .......................... ......... Instruments and related products ...... ............................................ Miscellaneous manufacturing and manufacturing not allocable ......... ........ ...
25,880 11,517 2.107 3,868 6,053 12,516
93,592,666 82,624,089 94,079,308 39,459,389 22,140,347 20,894,333
7,875,750 3,482,970 2,687,185 1,288,663 1,916,109 924,578
3,762,478 1,758,418 1,564,767 625,210 946,012 448,458
93,246,051 75,078,918 81,561,569 30,790,714 18,791,292 13,624,110
23,075,954 16,021,706 14,596,798 10,402,130 4,365,389 4,067,331
23,978,533 15,633,051 13,282,052 10,399,576 4,353,154 3,753,721
Transportation and public utilities ...................................................
80,701
234,689,427
10,099,571
5,146,272
443,236,797
13,121,214
14,177,279
Transportation ....................................................................... Communication .................. - ................................. ............... Electric, gas, and sanitary services .............................. ...................
63,644 8,423 8,634
94,280,877 54,162,888 86,245,662
1,482,375 3,548,478 5,068,718
1,188,369 1,717,169 2,240,734
105,574,436 123,333,427 214,328,934
2,823,283 3,657,212 6,640,719
3,077,861 3,424,934 7,674,484
Wholesale and retail trade ..........................................................
614,632
951,463,550
22,489,430
8,131,078
323,496,726
96,593,699
104,245,065
Wholesale trade ..................................................................... Groceries and related products ...... ................ ........................... Machinery, equipment, and supplies .. ~ .......... ................................. Miscellaneous wholesale trade ...... .............................................
219,769 20,418 46,455 152,896
501,987,778 85,227,317 61,147,976 355,612,485
13,928,520 1,038,131 3,844,840 9,045,549
4,071,265 392,557 872,433 2.806.275
162,455,039 14,396,743 28,743,462 119,314,834
44,644,265 3,624,497 8,991,399 32,0213,369
48,831,144 3,999,058 10,462,462 34,J'_9,624
Retail trade ........................... ............................................. Building materials, garden supplies, and mobile home dealers .................... General merchandise stores ................... .......... _ ..................... Food stores ................... .......... ........................................ Automotive dealers and service stations ..........................................
394,647 32,231 10,291 29,997 67,634
449,268,91 7 23,940,596 78,178,025 112,074,696 109,542,094
6,551,498 633,302 2.401,753 1,318,632 965,443
4.055,107 241,516 1,302,559 686,110 379,049
160,972,620 11,260,390 48,225,509 20,059,227 28,908,976
51,928,653 3,825,951 12,302,212 6,446,781 14,292,801
55,389,928 4,185,482 12,654,735 6,961,566 15,065,556
Apparel and accessory stores ................................ Furniture and home furnishings stores ................... .* * ...... ........ * , I* ... Eating and drinking places .......... Miscellaneous retail stores ............. ....... - .... ........... I ..........
36,802 35546 76~935 105,211
20,632,783 17,716,057 29,837,416 57,347,250
738,130 242,631 650,674 1,600,933
306,203 140,887 326,605 672,178
9,166,019 8,731,985 12,322,753 22,297,761
3,409,037 3,061,392 639,150 7.951,329
3,680,351 3,360,190 756,903 8,725.145
Wholesale and retail trade not allocable ........................................ ...
216
206,855
9,412
Finance, insurance, and real estate .................................................
411,846
157,126,715
11,663,330
1 5,644,729
2,321,965,956
4,003,943
3,525,486
Banking ............................................................................. Credit agencies other than banks ................................................... Security, commodity brokers and services ......................... ............ .... Insurance ...................................................................... .... Insurance agents, brokers, and service . . I ... ... .... I ................. 11 .... I ....... Real estate ......................................................................... Holding and other investment companies, except bank holding companies ........ !.
14,118 52,873 4,580 7,133 35,950 255,603 41,589
11,942,54 10,273,448 2,553,507 109,727,641 6,968,290 14,566,398 1,094,882
2,778,387 1,293,015 631,064 3,114,437 411,852 652,312 2,782,263
1,503.334 826,883 284,283 2,024,449 150,988 674,022 180,770
1,242,841,603 429,401,942 31,161,002 410,752,292 7.663,848 97,779,522 102,365,747
458,313 1,146,449
382,917 1,148,805
663,338 11,898 1,659,643 56,495
531,735 9,184 1,377,743 65,093
Services ..............................................................................
435,672
125.747,462
3,396,744
1,640,778
90,534,067
4,157,802
4,452,947
Hotels and other lodging places .................................................... Personal services ................................................................... Business services ................................................................... Auto repair; miscellaneous repair services ....................................... ... Amusement and recreation services ................................................. Other services ......................................................................
16,047 37,666 110,294 50,015 37,901 183,749
8,557,063 8,254,725 36,611,419 12,533,369 15,727,988 44,062,898
55,633 316,646 1,164,125 305.544 674,050 880,746
106,354 115,505 561,598 134,012 370,510 352,799
12.420,791 4,851,564 26,751,915 10,289,865 16,051.407 20,168,525
201,128 386,614 1,172,963 730,488 946,690 719,919
228,837 380,323 1.199,109 796,460 996,672 851,546
Nature of business not allocable ....................................................
1,701
656,476
23,12t
6,612
365,528
58,670
95,993
Footnotes at end of table. See text for-Explanation of Terms" and "Description of the Sample and Limitations of the Data."
69,067
'23;993
Corporation Returns/1975
87
RETURNS OF ACTIVE CORPORATIONS Table 9.-Returns with Beginning and Ending Inventories and with "Last-in, First-out" (LIFO) Inventory Method: Business Receipts, Net Income (Less Deficit), Total Income Tax, and Total Assets, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns showing inventories for both beginning and end of year
Major industry
Business receipts
Number of returns (8)
Total income tax
Total assets
(10)
(11)
(12)
Inventories
Beginning of year
End of year
(13)
(14)
All industries ..................................................................
812,038
Z534,169,841
122,202,704
57,641,422
1,998,298,467
3D4,026,434
309,429,469
Agriculture, forestry, and fishing ....................................................
14,949
15,880,631
391,906
198,081
11,393,604
1,827,047
2,151,125
Mining ................................................................................
2,950
56,666,777
22,933,199
11,067,457
55,942,182
2,483,807
3,236,443
Metal mining ....... ................... . . .. ... ..... . ... ..... ...... Coal mining ............................................ ......... ....... . Oil and gas extraction .............................................................. Nonmetallic minerals, except fuels ........... . .... ............ .................
178 268 1,209 1,295
4,480,019 7,436,218 40,435,547 4,314,993
12,984 1,036,476 21,657,120 226,619
70,294 487,729 10,401,875 107,559
9,553,208 6,821,291 34,465,997 5,101,686
739,494 345,710 923,988 474,615
901,926 404,464 1,324,849 605,204
Construction ..........................................................................
80,931
88,440,340
1,648,935
873,004
51,152,448
12,224,068
11,735,452
General building contractors and operative builders ..... ........................... Heavy construction contractors ...................................................... Special trade contractors ......... I ....... ..... - ..... I ............... I ...........
25,158 4,483 51,290
33,038,715 18,871,250 36,530,375
249,411 573,117 726,407
261,021 300,355 311,628
24,374,706 11,382,955 15,394,787
8,192,034 1,035,335 2,996,699
7,760,404 1,069,970 2,905,078
157,048
1,230,668,738
67,832,273
32,054,767
929,075,335
170,654,112
170,643,830
Food and kindred products ......................................................... Tobacco manufactures .............................................................. Textile mill products . .......... I ..................................................... Apparel and other textile products ........................................ ......... Lumber and wood products .................. ...... . ..........................
12,318 37 4,123 9,775 9,826
160,900,103 13,299,606 28,639,241 28,099,202 26,507,200
7,174,668 1,377,493 587,655 1,001,548 711,019
3,361,025 652,641 413,865 454,264 358,484
74,491,874 12,595,694 18,531,881 12,958,491 23,863,455
15,775,878 3,5130,286 5,050,728 4,389,681 4,027,150
15,922,485 3,873,990 4,942,611 4,512,615 3,871,537
Furniture and fixtures .................. I ........................ I ...... I ............ Paper and allied products .................................................... ...... Printing and publishing .................................................. ........... Chemicals and allied products ...................................................... Petroleum (including integrated) and coal products ..................................
6,072 3,166 17,248 8,073 671
10,099,547 33.082,092 34,600,969 97,222,852 259,040,781
352,315 2,263,121 2,521,510 8,106,692 17,485,007
192,334 1,007,160 1,166,638 3,871,859 7,630,393
5,507,828 27,534,358 25,289,336 82,832,869 175,915,991
1,656,686 4,206,927 3,304,419 14,685,693 10,560,364
1,621,112 4,051,511 3,118,244 14,780,279 11,265,488
Rubber and miscellaneous plastics products ........................................ Leather and leather products ..................................................... Stone, clay, and glass products ....................... ............................. Primary metal industries .................... ........................................ Fabricated metal products ........... .............. ................................
5,235 1,748 7,957 3,446 21,031
23,349,072 8,155,927 25,043,393 78,178,230 57,197,519
911,881 261,806 1,016,056 2,582,907 3,390,518
430,081 144,928 497,425 1,253,430 1,616,829
16,959,346 4,293,752 22,148,982 78,556,537 37,606,279
3,944,907 1,345,749 3,668,882 11,932,796 10,076,425
3,723,051 1,335,051 3,484,488 13,530,860 9,791,206
Machinery, except electrical ...................... .................................. Electrical and electronic equipment .................................... ............ Motor vehicles and equipment ........................ ............................. Transportation equipment, except motor vehicles ... ................................ Instruments and related products ........................................ ......... Miscellaneous manufacturing and manufacturing not allocable ............. ..........
18,589 8,657 1,986 3,319 4,699 9,072
91,722,632 81,134,574 93,872,587 38,952,850 21,551,736 20,018,625
7,833,144 3,485,211 2,699,297 1,291,052 1,861,790 917,583
3,731,850 1,735,817 1,562.028 615,461 921,418 436,837
92,225,645 74,361,455 81,445,289 30,523,378 18,209,412 13,223,483
23,048,903 16,016,068 14,574,716 10,400,654 4,364,813 4,042,387
23,767,260 15,498,630 13,252,520 10,367,281 4,245,663 3,687,948
Transportation and public utilities ...................................................
11,254
190,492,320
9,041,777
4,441,476
395,244,335
13,011,783
13,901,051
Transportation ......................................... ............................ Communication ...................................................................... Electric, gas, and sanitary services ..................................................
7,305 2,123 1,826
61,928,764 51,541,367 77,022,189
1,023,153 3,435,363 4,583,261
766,147 1,626,709 2,048,622
82,551,235 119,396,072 193,297,028
2,807,286 3,654,672 6,549,825
2,875,253 3,408,698 7,617,100
Wholesale and retail trade ..........................................................
447,161
663,669,100
18,164,813
7,656,402
294,457,513
95,805,949
100,080,565
Wholesale trade ..................................................................... Groceries and related products ................................................... Machinery, equipment, and supplies ............................................... Miscellaneous wholesale trade ....................................................
144,122 12,677 33,125 98,320
439,258,666 76,732,974 54,437,095 308,088,597
9,571,584 868,716 2,431,341 6,271,525
3,753,233 361,036 829,783 2,562,414
141,855,794 12,776,282 24,341,758 104,737,754
44,271,475 3,595,487 8,953,764 31,722,224
46,947,604 3,650,925 10,010,489 33,086.190
Retail trade ..................................... ................................... Building materials, garden supplies, and mobile home dealers ..... .............. General merchandise stores ...................................................... Food stores ............................ .. ......... ... ........................ Automotive dealers and service stations ..........................................
302,923 27,069 8,829 22,904 55,623
424,220,247 22,422,504 77,475,426 106,929,112 103,509,571
8,583.921 625,234 2,411,928 1,318,752 974,560
3,898,463 230,330 1,297,392 662,080 361,436
152,536,996 10,652,379 47,912,289 19,017,534 27,156,816
51,513,693 3,811,170 12,297,144 6,414,957 14,164,365
53,109,111 4,016.974 12,564,520 6,698,244 14,244,911
Apparel and accessory stores ...... ............................................. Furniture and home furnishings stores ....... I ............................. ...... Eating and drinking places ......................... .............................. Miscellaneous retail stores ......................... ..... ........................
30,009 27,932 52,752 77,805
19,258,596 16,139,415 26,073,571 52,412,052
720,215 263,560 689,571 1,580,101
285,562 132,809 302,263 626,591
8,695,964 8,094,374 10,655,426 20,352,214
3,384,004 3,041,465 636,203 7,764,385
3,519,783 3,162,106 693,246 8,209,327
Finance, insurance, and real estate .................................................
5,954
29,801,251
437,179
428,311
210,015,835
3,850,539
3,362,664
Banking ..................... ....................................................... Credit agencies other than banks ........................................... ....... Security, commodity brokers and services ........................................... Insurance ........................................................................... Insurance agents, brokers, and service ......................... 11 .................. Real estate .......................................... .... ............... ......... Holding and other investment companies, except bank holding companies ...... ...
59 368
62,932 402,344 '14,194 -95,525 2,218 -4,987 56,003
64,573 198,294
85,628,448 52,388,434
21,515 127,844 8,492
53,785,870 387,357 13,449,087 3,958,954
450,341 1,122,017 -7,807 663,088 11,862 1,539,565 55.659
358,742 1,090,595
30 166 5,259 60
1,122,179 7,118,473 '62,991 16,758,977 172,459 3,965,661 600,511
Manufacturing ........................................................................
I
Net income (less deficit)
* 190,187
Wholesale and retail trade not allocable ............................................
'20,781
' 4,706
531,566 9,170 1,304,123 58,459
91,260
58,053,378
1,843,899
917,392
50,761,961
4,110,488
4,222,827
Hotels and other lodging places .......................................... ......... Personal services ................................................................... Bus~ness services ................... : ............................................... Auto repair: miscellaneous repair services ........................................... Amusement and recreation services ........ .... .... . . .... ............... ... Other services ......................................................................
4,700 16,725 16,282 24,322 11,027 18,204
6,388,222 5,999,307 14,253,924 9,138,490 10,155,740 12,117,695
59,514 246,977 474,600 179,330 621,715 261,763
82,769 95,113 228,206 92,031 286,66A 132,609
8,374,572 3,632,882 11,023,665 6,471,427 11,715,270 9,544,145
198,422 385,949 1,144,898 728,913 941,068 711,238
197,762 368,954 1,116,062 765,052 977,896 795,101
Nature of business not allocable ....................................................
531
497 306
8,723
4,530
255,254
58,641
95,512
Services ..............................................................................
, Footnotes at end of table See text for "Explanation of Terms" and "Description of it's Sample and Urnitations of the Data."
88
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 9.-Returns with Beginning and Ending Inventories and with-"Last-in, First-out" (LIFO) Inventory Method: Business Receipts, Net Income (Less Deficit), Total Income Tax, and Total Assets, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars]
Major industry
F
ar ~i em'uin rsof (15)
Total returns with LIFO inventory method under Code section 472 Inventories, Total inc me Total beginning of tax 0 assets year
Business receipts
Net income (less deficit)
(16)
(17)
(18)
119)
(20)
Inventories, end of year Number of Amount returns (21)
(22)
All industries ..............................................
24,127
796,459,015
45,183,525
20,769,700
570,161,829
88,824,363
18,906
Agriculture, forestry, and fishing ................................
133
477,237
17,515
8,628
184,940
46,993
35
52,956
Mining ............................................................
171
3,851,500
455,962
215,299
4,329,713
342,142
73
460,356
Metal mining .................................................... Coal mining ................................................... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
3 16 108 44
448,191 562,648 1,966,253 874,408
21,090 80,779 274,515 79,578
14,138 35,847
828.088 567,966 2,173,931 759,728
71,967 1 7,940 172,885 79,350
.93 17 44
92,300 '33.763 249,864 84,429
Construction ......................................................
853
2,726,181
130,861
61,359
1,887,903
311,541
844
279,658
General building contractors and operative builders ............. Heavy construction contractors .................................. Special trade contractors ........................................
151 79 623
425.457 1,372,437 928,287
1,071 85,085 44,705
39,533 21,247
242,049 1,173,876 471,978
81,743 130,863 98,935
147 79 618
49,737 124,425 105,496
Manufacturing ...... ..............................................
7,!i9l
599,875,674
37,882,446
17,435,413
450,610,415
68,028,614
7,132
69,430,905
Food and kindred products .................... ................ Tobacco manufactures .......................................... Textile mill products ............................................. Apparel and other textile products .............................. Lumber and wood products .....................................
522
40,421,322
2,624,389
1,244,015
25,103,477
186 124 379
9,494,141 2,343,326 9,238,082
312,888 72,048 322,625
169,504 38,736 145,328
6,617,063 1,397,950 9,910,837
4,682,033 '1,587,234 1,806,420 448,460 1,400,613
516 *12 184 123 379
4,788,169 '2,089,226 1,759,352 415,204 1,367,474
Furniture and fixtures ... ........................... ............ Paper and allied products ....................................... Printing and publishing ........ ................................. Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
146 332 434 602 92
1,956,988 16,498,050 9,063,114 55,969,263 228,382,528
125,593 1,183,637 883,079 4,730,986 15,319,882
61,551 530,983 411,500 2,245,518 6,632,628
1,120,298 13,479,198 6,993,157 49,501,547 144,568,235
326,595 1,967,855 884,786 8,199,909 8,186,945
142 332 338 592 92
309,323 1,961,558 793,800 8,033,509 8,873,762
Rubber and miscellaneous plastics products .................... -Leather and leather products ................................... Stone, clay, and glass products ................................. Primary metal industries ......................................... Fabricated metal products ............. .........................
298 170 576 393 1,375
12,250,521 1,837,201 13,494,697 58,833,313 26,752,781
575,560 84,950 634,843 1,795,750 1,820,812
270,162 41,017 297,906 927,650 862,292
9,741,874 1,210,986 13,089,022 52,401,376 18,810,812
2,226,439 284,054 2,014,648 8,231,434 4,778,366
294 170 448 387 1,352
2,102,992 275,232 1,995,446 9,647,361 4,756,499
Machinery, except electrical ..................................... Electrical and electronic equipment . ............................ Motor vehicles and equipment ......... ........................ Transportation equipment, except motor vehicles ................ Instruments and related products .. ...... ....... .............. Miscellaneous manufacturing and manufacturing not allocable ...
797 391 155 138 119 350
37,555,518 33,760,748 9,177,261 9,271,506 9,226,765 6,345,997
2.475,195 1,623,322 310,951 488,593 1,247,603 363,701
1,190,974 787,052 155,214 236,398 601,164 168,391
29,974,645 31,183,530 7,907,233 7,152,435 7,332,971 4,376,222
8,665,390 5,606,048 1,941,963 1,933,674 1,598,743 1,257,005
796 233 153 125 119 345
8,688,972 5,137,492 1,652,750 2,016,428 1,569,119 1,197,237
Transportation and public utilities ...............................
389
22,022,054
1,304,607
597,030
43,547,266
1,565,125
114
1,760,435
Transportation ..... * ....... * ...... ......... Communication Electric, gas, and sanitary .. - - services .. .. ....... .......... . ...................
320
7,300,117
175,659 '164,011 257,360
7.242,022 '15,860,758 20,444,488
51
485,212
9,535,521
407,927 '337,628 559,052
459,323
49
435,030
47
611,264
Wholesale and retail trade ......................................
11,198
165,576,518
5,329,594
2,410,627
64,192,593
18,303,949
9,991
19,657,294
Wholesale trade ................................................. Groceries and related products ............................... Machinery, equipment, and supplies .......... ................ Miscellaneous wholesale trade ................................
6,194 296 1,254 4,644
64,143,467 14,244,688 9,023,701 40,875,078
2,177,252 207,344 553,789 1,416,119
914,614 94,926 251,612 568,076
22,844,914 2,197,999 4,857,330 15,789,585
7,231,587 731,994 1,693,941 4,805,652
5,276 291 1,172 3,813
7,844,738 804,165 2,031,346 5,009.227
Retail trade .................. * .................................. Building materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ......................
5,004 388 201 687 1,523
101,433,051 1,522,195 42,795,478 37,085,128 11,436,702
3,152,342 48,633 1,968,955 738,170 116,553
1,496,013 23,333 924,363 351,468 60,840
41,347,679 724,397 27,938,745 6,573,402 3,101,005
11,072,362 253,709 6,254,024 2,002,078 1,319,198
4,715 384 199 686 1,506
1,1,812,556 274,280 6,706,896 2,185,825 1,326,218
Apparel and accessory stores ................................ Furniture and home furnishings stores ........................ Eating and drinking places .................................... Miscellaneous retail stores .... ...............................
510 285 447 963
1,902,241 607,648 360,073 5,723,586
88,298 16,172 14,914 160,647
44,204 7,840 7,875 76,090
767,450 319,119 149,322 1,774,239
291,803 131,350 9,562 810,638
381 285 447 827
325,532 130,445 11,828 851,532
Wholesale and retail trade not allocable ........................
-
-
-
-
-
-
-
-
inance, insurance, and real estate .............................
1,854
322,712
-132
12,696
4,450,861
97,807
67
50,242
112 .5
91,9 ;6 -4,966
1,234
3,649
1.665,689
13,314 -
1,122
10,7;8 94,370
- 1,51f, -9,207
4,338
- 12,5;4 331,669
197
13,731
4,317
ervices ..........................................................
1,933
1,572,221
59,436
27,768
Hotels and other lodging places ................................ Personal services ............................................... Business services ............................................... Auto repair; miscellaneous repair services ....................... Amusement and recreation services ............................. Other services ..................................................
110 200 343 280
53799 * 246~032 402,767 242,783 '274,879 351,961
11,667 27,980 13,685
'392 5,795 11,528 4,475
6,171
-34,918
-3,236
Banking ......................................................... Credit agencies other than banks ............................... Security, commodity brokers and services ....................... Insurance ....................................................... Insurance agents, brokers, and service ......................... Real estate ..................................................... Holding and other investment companies, except bank holding companies ....................................................
Nature of business not allocable ................................
935 .5
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
91,825,438
'26,708
186,957
1,390
903,662
112,463
645
118,553 256,633 126,254
-1,017
.59
36,432 29,316
126 177
21,640 32,559
3,359
218,102
11,209
*880
'54,474
15,729
241 .5
'32,518
101,074
11,218
X
Corporation Returns/1975
89
RETURNS OF ACTIVE CORPORATIONS Table 9.-Returns with Beginning and Ending Inventories and with "Last-in, First-out" (LIFO) Inventory Method: Business Receipts, Net Income (Less Deficit), Total Income Tax, and Total Assets, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Major industry
All industries
..............................................
Returns indicating adoption of LIFO for 1975 income year Inventories. Total income Tot beginning of tax assets al year
Number of returns
Business receipts
Net income (less deficit)
(23)
(24)
(25)
(26)_
(27)
(28)
2,552 .9
288,618,924
14,040,924
6,512,341
215,681,645
'28,205
-2,280
*968
'14,276
Mining ............................................................
*21
'884,095
'79,735
'43,013
-1,010,488
Metal mining .................................................... Coal mining ................ .................................... Oil and gas extraction . ......................................... Nonmetallic minerals, except fuels ..............................
-
-
-
-
Construction ......................................................
105
16,757
-7,731
Agriculture, forestry, and fishing ................................
.601,544 191,306
Inventories, end of year Number of Amount returns (29)
30,580,259
General building contractors and operative builders ............. Heavy construction contractors ...................... ........ Special trade contractors .............. ....... ...............
2,471
32,277,548
'75,324
'93,965
-
-
'512,706 113,218
(30)
'17 44,663
105
19,900
40,590 14,795
Manufacturing ....................................................
811
245,432,754
12,363,679
5,749,541
188,167,646
25,334,878
807
26,761,058
Food and kindred products . . ~ .................................. Tobacco manufactures ............................... ......... Textile mill products ............ - I. I ............ .............. Apparel and other textile products .............................. Lumber and wood products . ~ ................ - ................
94 -4 23
17,942,877 '35,692 3,779,108 '709,518 3,129,191
998,552
475,198
2,100,361
53,716
690,268
93 -4 23
2,110,538
108,039 101,931
50,824
12,011,044 '17,088 2,838,761 158,683 4,777,818
500,424
53
479,597
4,100,537 672,953 18,711,778 66,895,789
518,751 130,738 3,464,716 3,945,240
'18 19 34 69 16
531,494 121,118 3,484,659 4,503,099
Furniture and fixtures ....................................... Paper and allied products ... ............... ........... ....... Printing and publishing . ~ .......... __ .............. ........... Chemicals and allied products . ................................. Petroleum (including integrated) and coal products . ~ ............
53
654,580
19 34 70 16
4,216,965 940,031 21,143,083 109,414,751
284,316 95,021 1,448,259 5,420,192
127,304 44,941 671,588 2,443,222
36
330,007 '830,472 5.855,936 28,243,535 5,553,878
36,083 '54,808 261,669 910,297 302,096
'17,936
233,119
44,365 113,823
36
117,847 454,219 137,947
5,257,472 27,695,287 4,320,730
3,687,355 1,046,843
10 52 136
42,757 1 16,444 924,860 4,677,454 1,034,633
Rubber and miscellaneous plastics products ....... ............ Leather and leather products ............................ ...... Stone, clay, and glass products ..... __ ....................... Primary metal industries ......................................... Fabricated metal products .......................................
10 52 137
Machinery, except electrical .............. ...................... Electrical and electronic equipment .............. .............. Motor vehicles and equipment ...... ..................... Transportation equipment, except motor vehicles ................ Instruments and related products .......... .................... Miscellaneous manufacturing and manufacturing not allocable ...
125 19 18 8 *18 .8
15,682,445 18,983.980 1,828,730 4,048,580 -1,844,183
1,047,316 743.815 43,693 196,341 '221,722
504,097 363,272 18,977 93,814 '106,292
11,439,906 20,428,426 2,214,112 3,681,393 -1,392,897 '516,380
3,328,941 3,016,575 424,514 893,279 '326,982 116,682
125 19 18 8 .8
3,512,634 2,743,302 334,824 951,012 '306,687 110,032
Transportation and public utilities ...............................
27
2,884,762
186,239
83,629
5,354,318
178,043
13
219,025
'285,042
Transportation ....................... ............. ....... Communication ............... : .................................. Electric, gas, and sanitary services ..........................
-5
Wholesale and retail trade ......................................
1,488
38,855,504
1,370,815
619,257
20,342,200
4,913,430
1,460
5,125,972
Wholesale trade ................................................. Groceries and related products ............................... Machinery, equipment, and supplies ........... ............... Miscellaneous wholesale trade ....................... ........
727 32 137 558
8,904,692 1,241,907 1,479,647 6,183,138
246,315 13,886 79,400 153,029
100,838 6,361 36,421 58,056
3,000,556 206,841 800,236 1,993,479
1,066,325 65,264 230,161 770,900
699 31 137 531
1,194,437 79,767 361,558 753,112
Retail trade ...... ............................... Building materials, garden supplies, and mobile home- cIeajers * * General merchandise stores .................................. Food stores .................... ......................... .... Automotive dealers and service stations ......................
761 43 28 179 273
29,950,812 324,113 22,732,294 3,446,644 2,563,542
1,124,500 11,953 1,017,426 46.635 28,019
518,419 5,265 468,647 20,147 13,054
17,341,644 150,500 15,635,120 569,470 663,246
3,847,105 55,052 3,221,410 143,672 276,438
761 43 28 179 273
3,931,535 58,248 3,233,609 176,928 317,137
Apparel and accessory stores ..... ......... I ......... I ...... Furniture and home furnishings stores ........................ Eating and drinking places ............................... Miscellaneous retail stores ....................................
-6
'75,978
-8,023
-6
-6 174
'47,239 673,589
228,473
113,879
-6 174
112,462
-
-
-
-
-
-
27,637
55
29,320
'35,514 -4,179 11,687
5,762
'20,992
Wholesale and retail trade not allocable ............. ..........
-
-
-
-
-
Finance, insurance, and real estate .............................
24
10,831
1,890
830
502,920
6 -4 -4
729
889 760 -
401
258,422 '10,028 -
1,308
Services ..........................................................
67
331,467
-7,372
176,579
Hotels and other lodging places ............... ................ Personal services . .............................................. Business services ................................ .............. Auto repair; miscellaneous repair services ....................... Amusement and recreation services ............................. Other services ............ ....................................
-4
-
'15,004
-4
'120
1,729
'25
'1,495 -6,574
Banking .................. Credit agencies other than barlk~s ............................... Security, commodity brokers and services ....................... Insurance ....................................... ............... Insurance agents, brokers, and service ......................... Real estate ..................... ............................... Holding and other investment companies, except bank holding companies ....................................................
'15
19,529
'50,219 -2,491
Nature of business not allocable ................................ .:Zrmale should be used with caution because of the small number of sample returns on which It Is based. Da a deleted because of the small number of sample returns on which they were based. Deleted data are included in the appropriate totals. NOTE: See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1,41 8
.9
-
-
90
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major Industry [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry Mining-
All industries Item
Number of returns
Amount
Agriculture , forestry, and fishing
Total mining
Metal mining
Coal mining
Oil and gas extraction
(2)
(3)
(4)
(5)
(6)
(7)
Nonmetallic inerals , except c fuels
Number of Returns With Income Tax Number of returns withincome tax, total ............. ..... .. .......... ... .......... Form 1120S ............... .. . .. ......... . ............ Normal tax , surtax, and alternative tax ........................ . Tax from recomputing prior year investment credit, total ....... Returns with net income ........... ................ ..... ...
889,759 217 870,971 108,346 91,153
-
Tax from recomputing prior year work incentive WIN) credit total ........................... ...... ... ................ . Returns with net income ............. ........................ Additional tax for tax preferences, total ......................... Returns with net income .............................. .... Returns with normal tax, surtax, and alternative tax .......... Normal tax, surtax, and alternative tax after cred its .............
706 630 4,284 4,035 3,785 699 ,639
Total income tax afterForeign tax credit .... .. ..... . .... . Investment and work incentive (WIN) credits .......... .. ... Foreign tax, investment, and work incentive (WIN) credits ....
22,091 .
6,131
81
21,080 4,291 3,298
5,805 1,766 1,513
74 28 23
1,08 981 299 205
3,454 3,256 963 818
1,515 1,494 476 467
-
'58 '58 '57 14 ,327
683 650 596 4 ,342
24 22 20 71
1 ;4* 164 163 859
343 332 287 2,457
142 132 126 945
889,010 733,964 732,942
-
22,069 16,462 16,437
6,124 4,889 4,882
78 81 78
1,081 987 987
3,450 2,761 2, 757
1,515 1,060 1 ,060
Number of returns ......................... Dividends received from domestic corporations, total .............. Amount qualifying for 85 percent deduction . .................... Amount on certain public stock qualifying for 60.208 deduction Intragroup dividends qualifying for 100 percent deduction .... Intragroup dividends qualifying for transitional deduction under section 1564(b) ... : .................. ... ........ .. .... Amount received from DISC's ............... . .. . ...... ..
2,023,647 108,604 104,212 1,962 1 ,603
8,818,282 5,302,525 19,943 1 ,067, 389
56,280 24,816 20,364 (1) *
14,242 165,818 69,707
1,089 55,826 26,514 -
2,474 26,967 16,625
7,340 69,052 22,041 '12,357
3,339 13,973 4,527 -
447 3,589
31,549 2,396,876
4,130
77,537
.8,086
34,654
Dividends received from foreign corporations, total ................ Amount qualifying for 85 percent deduction ............. ....... Intragroup dividends qualifying for 100 percent deduction ....... Other foreign dividends ...................... .......... .....
4,834 430 184 4,293
5,467,726 3,220 35 ,479 5 ,429 ,027
9,056 9,056
85,305
51,734
14,216
18,546 .1
1 1,485
72,710
'1,069 50,648
1 , 397 333
3 ,395 ,169 338,900
25,942 14,510
-6,901
1,293 163
1 ,254
3,056 ,269
Returns With and Without Net Income
. Constructive taxable income from related foreign corporations, total ................... .................................. .... Includable income of Controlled Foreign Corporations ........... Foreign dividend income resulting from foreign taxes deemed.... paid . ~ .......................................... .........
'18, 285
Net income (less deficit) ... .................................. Total statutory special deductions .. .......................... .... Income subject to tax .............. ..............................
2,003,254 302 ,677 870 ,972
142,636,826 11 ,030 ,816 146,589 ,287
Income tax, total ... ............................................... Normal tax, surtax, and alternative tax .......... ............... Tax from recomputing prior year investment credit ....... ...... Tax from recomputing prior year work incentive (WIN) credit .............. ...... ....................... Additional tax for tax preferences ............................
889,759 870,971 108,346
66,144,308 65,769,822 217,138
354,747 351,059 3,331
706 4,284
608 156,740
... .......... Foreign tax credit ............................... .... ......... Investment credit ........... ............. ....... Work incentive (WIN) credit ........ .............................. Normal tax, surtax, and alternative tax after credits ........ ......
6,137 553,279 3,349 699,639
19,987,724 6,459,746 5,321 39,317,031
Total income tax afterForeign tax credit ................... .. ..... .. ..... . .... Investment and work incentive (WIN) credits .................... Foreign tax, investment, and work incentive (WIN) credits ...
869,010 733,964 732,942
46,156,584 59,679,241 39,691,517
17,397 11,122
1,130
6,275
'351
23,574,833 292,091 23,828,928
3,863 42,759 157,890
1,337,125 52,200 1,281,327
21,968,782 154,526 22,124,169
265,063 42,606 265,542
11,411,846 11,361,037 5,310
74,819 68,203 129
612,957 594,840 1 ,310
10,600,805 10,582,784 2, 705
123,265 115,210 1 ,166
15,316
6,889
8,248 10,821 11 49,123
89,283 60,284 27 445,246
10,073,453 75,116
290,896
10,196,770 163,766 172 1,000,329
434,085
1 7 ,54 5 -4 71,675
351,439 297,892 2 94 ,584
1,215,076 11,247,908 1 ,051 , 138
66,571 63,987 55,739
523,674 552,646 463 ,363
527,352 10,525,559 452 ,106
97.479 105, 716 79,930
3,308 56,768
1 of the Data." Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations
18,5 22 .
11,432 746,908 179,898 981 ,710
809 (9
1
1
1
1
Corporation Returns/1975
91
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major Industry -Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) All industries Item
Major industry
N u mber o f returns
Amount
Agriculture, fores% and fishi g
(1)
(2)
(3)
Mining Total mining
Metal mining
Coal mining
Oil and gas extraction
(4)
(5)
(6)
(7)
Nonmetallic mmeraful sels except
Returns With Net Income, Other Than Forms 1120S and 1120-DISC -
Number of returns . ~ ............................................... Net income ....................................................... Statutory special deductions, total ................................. Net operating loss deduction .................................... Western Hemisphere Trade Corporation deduction ..............
1,019,158 1,019,158 286,721 216,367 452
159,213,286 10,347,120 5,519,653 1,475,858
23,898 1,158,287 177,865 163,306 790
6,889 24,112,801 286,868 177,731 24,396
132 198,431 40,550 '14,934 1,678
1,150 1,331,044 51,735 24,394 3
3.697 22,276,227 152,415 114,720 8,855
1 ,910 307 ,099 42 , 168 23 ,683 13,860
Income subject to tax, total .... .............................. Income taxed at normal tax and surtax rates ................... Net long-term capital gain taxed at alternative rates, total ...... Amount taxed at 25 percent rate .............................
870,733 869,944 26,521 197
146,583,486 142,117,192 4,466,294 3,928
981,658 931,178 50,480 '252
23,828,035 23,638,920 189,115 '68
157,890 120,872 '37,018 -
1,280,434 1,212,993 67,441
22,124,169 22,052,737 71,432
265,542 252 ,318 13,224
Income tax, total ............................. .................... Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ...............................
872,092 870,732 91,153 630 4,017
66,102,325 65,768,061 190,406 535 143,323
353,728 351,043 2,328
11,405,436 11,360,769 4,887
72,592 68,203 85
611,746 594,572 1,163
10,600,296 10,582,784 2,506 -
120, 802 115, 210 1 , 133 4,459
Number of returns ......................... __ .................... Deficit ........................................ .................... Total statutory special deductions ............... ............ Income subject to tax ......................................... ... 1
639,645 623,483 15,871 22
24,582,357 683,375 650
14,236 505,955 2,033 -
4,756 712.236 5,223 -
Income tax, total ................... .............................. Normal tax, surtax, and alternative tax ...... ................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ...............................
17,450 22 17,193 76 249
40,219 1215 26,732 73 13,199
1,003 1,003
6,138 -
Number of returns ..................... .......... - ... Net income: Number of returns ............ ........ .............. ___ .... Amount .........................................................
358,413
-
18,146
2,597
201,275 201,275
5,497,416
9,430 334,881
1,408 235,092
Deficit ............................................................. Income subject to corporation tax ...... .......................... Total income tax ..................................................
152,997 217 217,
2,255,318 5,151 1.764,
240,305
60,824
15,006
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
423
862 188,513
44
713 113,677
773 65,585
-
2,408 344,461 2,111 -
939 147
509 199
'2,463 -
'310 -
-2,430 -
611
1,235
656
437 128,155
564 73,028
8,397
36,012
-
Returns of Small Business Corporations, Form 1120S
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
7,241
-9,174
92
Corporation ileturns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued
Manufacturing
Construction
Item
Total construction
General building contractors and perative builders
Heavy construction contractors
Special trade s contractor
Total manufacturing
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
Number of Returns With Income Tax Number of returns withIncome tax, total .................................................... Form 1120S ...................................................... Normal tax, surtax, and alternative tax .............................. Tax from recomputing prior year investment credit, total ............ Returns with net income ..........................................
73,110 69,882 12,815 9,770
25,795 '13 24,521 4,287 3,040
6,996 6443 2:259 1,833
40,319 38,918 6,269 4,897
104,946 '13 101,995 20,345 17,541
B,472 8,257 2,356 2,157
124 97 172 153 132 81,041
6 14 7,063
30 29 15 14
2,558 2,495 465 403
7,210 7,130 482 411
-
3
3 3 -
29
1,887
6,047
Tax from recomputing prior year work incentive (WIN) credit, total ............................. ........................ Returns withfornelaxncome .......................................... Additional tax preferences, total ... ......... ................ Returns with net income ......... ~.. I .......... - ................ Returns with normal tax, surtax, and alternative tax .............. Normal tax, surtax, and alternative tax after credits .................
'45 72 65 45 53,796
4 37 19 19,986
4,568
:64 10 8 -6 -5 29,242
Total income tax afterForeign tax credit , .................................... I .......... Investment and work incentive (WIN) credits ...................... Foreign tax, investment, and work incentive (WIN) credits .. ......
73,109 58,844 58,830
25,794 21,679 21,665
6,996 5,488 5,488
40,319 31,677 31,677
104,887 85,703 85,609
8,468 7.557 7,553
30 30 30
2,558 1,980 1,980
7.210 6,155 .6,155
-191,219 61,909 47,231
74,587 21,137 11,213
15,197 32,823 30,175
101,435 7,9,49 5,843 1 *686
217,354 2,926,076 696,334 464 229,265
14,442 1 29,350 30,232
39 51,294 19,432
5,390 36,354 8,175
15,944 8,502 4,804
22,034
-4,167
-1,169
12,217 1,987,796
74,577
'577 23,417
..20 2,665
3,099
4,801,853 2
365,085 (1)
19,599 N
5,730
19,483
5,730
Returns With and Without Net Income - 7 - .. ~.. ~: .................... Number of returns ............... .......... Dividends received from domestic corporations, total .................. deduction . ........................ Amount qualifying for 85 percent Amount on certain public stock qualifying for 60.208 deduction ..... 100 percent deduction ........... Intragroup dividends qualifying for Intragroup dividends qualifying for transitional deduction under section 1564(b) ...................................... ....... .... Amount received from DISC's .......................................
'501
1,187
Dividends received from foreign corporations, total .................... Amount qualifying for 85 percent deduction ......... ............... Intragroup dividends qualifying for 100 percent deduction ........... Other foreign dividends ... .........................................
13,003
-9,717
28,499 (1)
7,059
18,341
1 9,448
28,396
7,059
18,341
2,996
4,795,407
365,085
Constructive taxable income from related foreign corporations, total ... Includable income of Controlled Foreign Corporations ............... Foreign dividend income resulting from foreign taxes deemed paid .
21,691 * 2,609 19,082
*8,970
10,372 1,923 8,449
-2,349 -2,349
3,059,682 268,454 2,791,228
231,211 31,220 199,991
'26,797 '11,318
5,505
4,648
4,883
'4,140
Net income (less deficit) ................. ............................ Total statutory special deductions ......... ........................... Income subject to tax ............... I .................................
2,236,262 488,197 3,477,260
420,735 218,366 1,168,649
868,834 144,092 1,070,049
946,693 125,739 1,238,562
68,406,627 3,931,779 69,739,743
7,207,810 277,744 7,209,312
1,402,553 37,860 1,369,716
592,662 57,150 939,986
1,060,883 63,838 1,096,223
Income tax, total ............................................. ........ Normal tax, surtax, and alternative tax .............................. Tlax from recomputing prior yea., ir'.vestmen! credit ........ Tax from recomputing prior year work incentive (WIN) credit ....... Additional tax for tax preferences ...................................
1,332,299 1,320,196 10,L93
441,511 438,158 2,538
467,419 462,244 4~658
423,369 419,794 3.427
32,475,947 32,306,739 108,647 411 60,150
3,390,945 3,380,483 9,396 -3 1,063
656,947 656,505 442 -
430,343 427,800 2,406
484,281 483,546 731 4
Foreign tax credit ..................................................... Investment credit ...................................................... Work incentive (WIN) credit .................... ............... ...... Normal tax, surtax, and alternative tax after credits ...................
52,834 147,424 81 1,119,857
25,346 36,413 21 376,378
21,034 69,754 20 371,436
6,454 41,257
361,161 270,300 275 2,748,747
128,669 34,808
372,043
8,583,123 2,864,625 3,235 20,855,756
493.014
9,326 51,017 90 367,367
8,257 17,933 122 457,234
Total income tax afterForeign tax credit ................................................... Investment and work incentive (WIN) credits ........................ Foreign tax, investment, and work incentive (WIN) credits ....... _
1,279,465 1,184,794 1,131,960
416,165 405,077 379,731
446,385 397,645 376,611
416,915 382,072 375,616
23,892824 29,608:087 1 21,024,964 1
11029784 3:120:370 1 2,759,209 1
528278 , 622~125 493,456
421 017 379~236 1 369,910 1
476,024 466,226 457,969
1 Footnotes at end of table. See text for "Exptanalion of Terms" and "Description of the Sample and Limitations Of the Data."
93
Corporation Returns/1975 RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net. Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued
Manufacturing
Constr uction
Item
Total construction
General ui bu'ldinj g Heavy ontractors construction and op contractors operative builders
Special trade con tract ors
Total manufacturing
Food and kindred p roducts
Tobacco manufactures
Textile mill products
Apparel and o her textile products
(16)
(17)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
Number of returns ................. ... _ .............................. Net income .................................................... ...... Statutory special deductions, total ..................................... Net operating loss deduction ........................................ Western Hemisphere Trade Corporation deduction ..................
84,491 3,958,436 482,243 444,573 3,183
31,135 1,384,297 215,750 207,554 1,275
7,931 1,210,661 141,984 117,547
45,425 1,363,478 124,509 119,472 *982
117,587 73,575,638 3,872,897 1,679,796 1,415,026
9,205 7,484,756 275,744 221,475 6,224
29 1,407,444 37,728 399
2,749 995,990 56,348 45,434 7
8,144 1,158,742 62,530 58,722 88
Income subject to tax, total ............................... - - ... Income taxed at normal tax and surtax rates ...... ................ Net long-term capital gain taxed at alternative rates, total .......... Amount taxed at 25 percent rate .................................
3,477,193 3,403,111 74,082 -4
1,168,582 1,132,873 35,709 -4
1,070,049 1,043,478 26,571 -
1,238,562 1,226,760 11,802 -
69,737,602 67,051,438 2,686,164 1,459
7,209,312 7,123,589 85,723
1,369,716 1,366,130 -3,586
939,986 920,667 19,319
1,096,223 1,092,258 3,965
Income tax, total ........................................ ........ Normal tax, surtax, and alternative tax .............................. Tax from recomputing prior year investment credit .................. Tax from recomputing prior year work incentive (WIN) credit ....... Additional tax for tax preferences ...... ....... .................
1,329,278 1,320,176 7,772
440,130 438,138 1,279
466,782 462,244 4,037
422,366 419,794 2,456
32,459,242 32,306,097 96,286 341 56,518
3,390,112 3,380,483 8,577 -3 1,049
656,852 656,505 347 -
429,865 427,800 1,936
484,104 483,546 554 4
Number of returns ................................................. ... Deficit ................................ ___ ........................... Total statutory special deductions ..................................... Income subject to tax ............. I—— ..................... I ........
64,885 2,001,451 5,954 -
27,002 979,830 2,616 -
4,361 394,199 2,108 -
33,522 627,422 1,230 -
64,029 5,768,280 58,882 -
3,190 379,394 2,000
2,069 420,368 802 -
4,487 192,917 1,308
Income tax, total ..... .......................................... Normal tax, surtax, and alternative tax ............................. Tax from recomputing prior year investment credit .................. Tax from recomputing prior year work incentive (WIN) credit ....... Additional tax for tax preferences ...................................
3,001 2,851
1,361 1,259
637 621
1,003 971
15,920 12,361
833 819
478 470
177
Returns With Net Income, Other Than Forms 1120S and 1120-DISC
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC '132 -
3,489
177 -
Returns of Small Business Corporations, Form 1120S Number of returns ..................................................... Net income: Number of returns ................. ................................ Amount ..................... ....................................... Deficit ........... ..................................................... Income subject to corporation tax .... ................ ............... Total income tax ......................................................
41,843
16,450
2,905
22,488
35,738
2,047
572
3,313
24,361 556,428
8,456 188,198
1,863 76,650
14,042 291,580
19,252 890,916
1,128 119,909
467 21,331
2,305 100,320
277,151
171,930
24,278 -
80,943 -
291,647 -2,141
17,461 -
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
5,262 -
94
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on sampiis-money amounts are in thousands of dollars)
Item
Lumber and wood products
Furniture and fixtures
Paper and allied products
(18)
(19)
(20)
Major industry-Continued Manufacturing-Continued Pe leum Printing Chemicals (intcruding and and allied integrated) an publishing products coal products (21)
Rubber and.miscel. laneous plastics products
Leather and leather products
(24)
(25)
(23)
(22)
,
Stone, clay, and glass products (26)
Number of Returns With Income Tax Number of returns withincome tax, total ................................................................ Form 1120S .................................................................. Normal tax, surtax, and alternative tax .......................................... Tax from recomputing prior year investment credit, total ........................ Returns with net income ......................................................
5,730
2,987 2,955 513 481
5,347 1,425 1,045
13,418 13,194 2,152 1,953
2,418 2.383 477 442
Tax from recomputing prior year work incentive (WIN~ credit, total .............. Returns with net income ... ................................................... Additional tax for tax preferences, total ......................................... Returns with net income ................. .................................... Returns with normal tax, surtax, and alternative tax .......................... Normal tax, surtax, and alternative tax after credits .............................
28 27 26 4,283
2,14
1,851
9,1 ~ 9
Total income tax afterForeign tax credit ............................................ ......... ...... Investment and work incentive (WIN) credits .................................. Foreign tax, investment, and work incentive (WIN) credits ....................
5,730 4,772 4,772
2,987 2.335 2.335
2,418 1,930 1,930
Number of returns ......................................... ....................... Dividends received from domestic corporations, total .............................. Amount qualifying for 85 percent deduction ..................................... Amount on certain public stock qualifying for 60.208 deduction ................. . Intragroup dividends qualifying for 100 percent deduction ....................... Intragroup dividends qualifying for transitional deduction under section 1564(b) . Amount received from DISC's ................... : ...............................
13,051 55,059 6,501 '24 *2,325 '338 45,871
7,614 7,265 2,780
3.565 130,670 15,859
3,068
86,444
12,030
Dividends received from foreign corporations, total ................................ Amount qualifying for 85 percent deduction ..................................... Intragroup dividends qualifying for 100 percent deduction ....................... Other foreign dividends .........................................................
24,694 24,694
-1,189 (1)
121,854
38,098
-1,189
121,854
38,098
Constructive taxable income from related foreign corporations, total ............... Includable income of Controlled Foreign Corporations ........................... Foreign dividend income resulting from foreign taxes deemed paid .............
6,643 3,014 3,629
2,655 2,655
83,982 4,364 79,618
28,793 617 28,176
Net income (less deficit) .......................................................... Total statutory special deductions ................................................. Income subject to tax ................ . ... ................ ..... Income tax, total ...................... Normal tax, surtax, and afternafive tax ................ ........... . ......................... ... .. ............... Tax from recomputing prior year investment credit ........... .................. Tax from recomputing prior year work incentive (WIN) credit ................... Additional tax for tax preferences ...............................................
719,637 41,219 980,454
347,077 39,238 446,391
2,292,594 60,382 2,332.866
366,889 360,689 2,698
195,717 195,441 275
1,024,046 1,018,451 3,938
Foreign tax credit ................................................................. Investment credit .................................................................. Work incentive (WIN) credit ....................................................... Normal tax, surtax, and alternative tax after credits . ..............................
9,833 78,946 82 271.828
2,603 11,041 41 181,756
Total income tax afterForeign tax credit ............................................................... Investment and work incentive (WIN) credits .................................... Foreign tax, investment, and work incentive (WIN) credits ...................
357,056 287,861 278,028
193,114 184,635 182,032
4,904 4,784 992 872
3.878 3,763 818 712 .3 -
890 826 148 86
5 4 9 8
1,526 1,501 99 78
5.285 5,190 1,049 960
4,2381
;6* 16 8114 6
3,009
1,217 -
15 48 43 4,006
13,417 9,582 9,581
4,900 4,435 4,430
888 886 884
3,877 3,168 3,166
1,523 1,245 1,242
5,261 4,193 4,169
31,431 72,988 43,581 *34 15,958
9,695 468,734 52,708 .1 49,441
1,622 320,547 225,846 '40,896
7,386 26,995 5,335 - _: *1,320
2,297 16,610 - 11,567 - -4,161
366,471
53,789
18,329
831
19,546
633,483 -2
98,669 '970 97,699
'1,015 -
630,251
1,361,074 1,361,074
*1,015
55,264 55,264
491,288 74,853 416,435
504,912 11,694 493,218
10,896 '533 10,363
163 77 86
39,290 3,110 36,180
2,623,706 129,651 2,728,582
8,149,472 227,509 8,265,022
17,506,582 1,551,652 16,022,027
942,014 38,039 990,932
269,619 32,357 325,953
1,043,795 61,739 1,154,292
1,230,340 1,227,175 2.925
3,900,973 3,889,909 10,131 3 930
7,640,623 7,592,218 16,480
446.503 444,301 2,190
147,462 147,205 256
519,271 512,854 4,232
110,891 159,233 68 748.259
39,529 81,820 . 80 1,105,746
64U,162 417,402 133 2,832,212
5,067,00 509,056 2,015,670
59,355 57,351 104 327,491
1,612 5,792 80 139,721
60,135 69,472 76 363,171
913,155 864,745 753,854
1,190,811 1,148,440 1,108,911
3,260,811 3,483,438 2,843,276
2,573,143 7,131,555 2,064,075
387,148 389,048 329,693
145,850 141,590 139,978
459,136 429,723 369.588
Returns With and Without Net Income
I
I
I
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
,
I
I
I
,
I
I
I
10,136 41,447 21,374 ,, I '405 -
Corporation Returns/1975
95
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Manufacturing-Continued Item
furniture 7 products ,d ,umber wood and ixtures (19)
(18)
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum (including integrated) and coal products
Rubbe and misc.1laneous plastics products
Leather and leather products
Stone, clay, and glass products
(20)
(21)
(22)
(23)
(24)
(25)
(26)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ................................................................. Ne ttuinco a ................................................... .................... St~ tory special deductions, total ................................................ Net operating loss deduction .................................................... Western Hemisphere Trade Corporation deduction ..............................
6,083 1,006,994 40,273 31,839 -1,271
4,046 485,004 38,852 35,632 -
2,507 2,377,132 60,303 17,609 1,121
15,725 2,857,308 128,614 75,418 418
5,562 8,489,225 226,346 79,493 50,575
866 17,571,166 1,549,280 47,667 1,271.104
4,136 1,028,599 37,983 28,634 692
1,690 357,851 31,891 18,260 '53
5,729 1,214,507 60,774 41,264 1,839
Income subject to tax, total ....................................................... Income taxed at normal tax and surtax rates ................................... Net long-term capital gain taxed at alternative rates, total ...................... Amount taxed at 25 percent rate .............................................
978,313 566,451 411,862 -
446,391 441,141 5,250 -
2,332,866 1,876,138 456,728 -
2,728,582 2,637,818 90,764
8,265,022 8,022,267 242,755
16,022,027 15,500,606 521,421
990,932 966,702 24,230 -
325,953 324,759 1.194 -
1,154,292 1,101,528 52,764 -
Income tax, total .................................................................. Normal tax, surtax, and alternative tax ................................ ......... Tax from recomputing prior year investment credit .............................. Tax from recomputing prior year work incentive (WIN) credit ................... Additional tax for tax preferences ...............................................
365,261 360,047 1,856
195,686 195,441 244
1,023,975 1,018,451 3,867
1,230,074 1,227,175 2,685
3,900,370 3,889,909 9,558
7,637,783 7,592,218 13,640
446,062 444,301 1,752
147,382 147,205 176
517,054 512,854 2,700
4,372 367,111 946
2,549 135,559 386
747 99.596 79
8,597 274,783 1,037
2,521 357,712 1,163
679 75,155
2,010 100,611
234 95.656 466
2,987 203,674 965
843 842 .1
31 31 -
71 71 -
266 240
603 573
'2,840 -2,840
441 438
80 80
2,217 1,532
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ................................................................. Deficit ............................................................ _ - ...... ..... Total statutory special deductions ................................................. Income subject to tax ................. ..... . ..... . * ...... . . Income tax, total ........... Normal tax, surtax, and alternative tax .......................................... ...... ..... ..... * . .... . . ... .. .. Tax from recomputing prior year investment credi! .............................. Tax from recomputing prior year work incentive (WIN) credit ... ......... Additional tax for tax preferences ............................................... Returns of Small Business Corporations, Form 1120S Number of returns ............................................... ................. Net income: Number of returns ............................................................... Amount .................................. ...... __ ............................
2,596
1,019
311
7,109
1,612
1,240
373
1,420
1,821 97,545
623 7,976
158 19,685
2,937 92,562
514 32,278
751 30,637
278 8,101
909 40,947
Deficit ... ............. ........................................................... Income subject to corporation tax ................................................. Total income tax ..................................................................
17,791 '~,141 7111
1 0,344 -I
-4,627 -I
51,381 -I
14,319 -I
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
10,625 *54 I
'16,611 -I
7.985 I
96
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit,. Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All-figures-are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Manufacturing-Continued Item
Primary metal industries
Fabricated metal products
Machinery, except electrical
(27)
(28)
129)
Electrical and electronic equipment _00)
Motor vehicles and equipment
Transportation equipment,' except motor vehicles
Instruments and related products
Miscellaneous manufacturing and manufacturing not allocable
(31)
(32)
(33)
(34)
Number of Returns With Income Tax Number of returns withIncome tax, total ................................................ Form 1120S .................................................. Normal tax, surtax, and alternative tax .......................... Tax from recomputing. prior year investment credit, total ........ Returns with net income ......................................
2,280 2,233 546 502
14,275 13,797 3,151 2,707
12,704 12,182 2,877 2,366
5,239 5,091 848 717
Tax from recomputing prior year work incentive (WIN) credit, total Returns........... with net income .. .. . ...................................... . . .. ......... ..... .... : - '" Additional tax for tax preferences, total ......................... Returns with net income ...................................... Returns with normal tax, surtax, and alternative tax .......... Normal tax, surtax, and alternative tax after credits .............
:9 8 8 6 5 1,989
:22 22 5 5 3 10,436
:9 9 6 4 10,121
7 13 12 .9 4,361
1,230
1,121
2,276
3,787
Total income tax afterForeign tax credit ............................................. Investment and work incentive (WIN) credits .................. Foreign tax, investment, and work incentive (WIN) credits ....
2,279 2,058 2,057
14,272 11,102 11,074
12,700 10,919 10,914
5,236 4,529 4,526
1,331 1,310 1,310
1,678 1,220 1,215
2,763 2,334 2,328
5.361 3,963 3,958
Number of returns ................................................. Dividends received from domestic corporations, total ...... Amount qualifying for 85 percent' deduction ..................... Amount on certain public stock qualifying for 60.208 deductJon . Intragroup dividends qualifying for 100 percent deduction ....... Intragroup dividends qualifyfing for transitional deduction under section 1564(b) ............................................... Amount received from DISC's ...................................
4,135 -210,543 81.,832
28,666 67,352 23,164
25,880 338;759 23,130
11,517 294,283 73,146 .1
2,107 ~207,870 29,155
3,868 266;250 6,628 -
-8,173
3,753
14,455
6,053 136,243 5,647 1,302
12,516 - - - 38~961 5,438 5,566
120,458
'1,071 39,271
-1,712 299,403
-1,181 217,276
177,678
259,494
'20 129,274
`975 26,982
Dividends received from foreign corporations, total ................ Amount qualifying for 85 percent deduction ..................... Intragroup dividends qualifying for 100 percent deduction ....... Other foreign dividends .........................................
197,007 '2,000 195,007
124,995 124,995
819,162 (1) '20 819,142
449,817
224,760
36,754
166,371
37,785
449,817
224,760
36,754
166,371
108 37,677
Constructive taxable income from related foreign corporations, total ... ................................................... ... Includable income of Controlled Foreign Corporations ..: ...... Foreign dividend income resulting from foreign taxes deemed paid ........................................................
97,519 '25,709
88,403 6,436
818,891 16,443
299,217 47,356
115,642 4,899
76,140 18,294
105,714 6,263
21,373 -1,124
71,810
81,967
802,448
251,861
110,743
57,846
99,451
20,249
Net income (less deficit) .......................................... Total statutory special deductions ................................. Income subject to tax ............................ I ................
2,634,913 309,869 2,775,171
3,438,115 135,947 3.660,302
7,875,750 274,320 8,037,392
3,482,970 257,152 3,772,758
2,687,185 43,485 3,278,265
1,288,663 158,458 1,330,354
1,916,109 61,425 2.014,699
924,578 72,745 1,009,046
Income tax, total .................................................. Normal tax, surtax, and afternatiTax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ..............................
1,286,220 11,2168,139 4,807 '44 13,230
1,650,044 1,646,015 3,933
3,762,478
1,758,418 1,737,668 16,285
1,564,767 1.5554,800 9.809
6 5,210
9 6,012
448,458
2,552
1,533
1,308
Foreign tax credit .................. ............................ Investment credit .................................................. Work incentive (WIN) credit .................................... _ Normal tax, surtax, and alternative tax after credits ...............
173.276 160,214 139 934,510
124,369 124,725 383 1,396,538
1,041,653 248,110 340 2,459,667
323,593 196,123 278 1,217,674
160,405 155,547 146 1,238,702
55,436 100,971 448 465,288
171,842 67,846 115 704,674
33,536 26,918 209 386,487
Total income tax afterForeign tax credit ............................................... Investment and work incentive (WIN) credits ..................... Foreign tax, investment, and work incentive (WIN) credits ......
1,112,944 1,125,867 952,591
1,525,675 1,524,936 1,400,567
2,720,825 3,514,028 2,472,375
1,434,825 1,562,017 1,238,424
1.404,362 1,409,074 1,248,669
569,774 523,791 468,355
774,170 878,051 706,209
414,922 421,331 387,795
1,331 1,258 311 240
1,682
2,765
5,364
1,588 373 283
2,717 540 492
5,275 708 620
3
:9 .1! -
Returns With and Without Net Income
12,320
75
4,349
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
97
Corporation Returns/11975 RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Manufacturing-Continued
Item
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical and electronic equipment
Motor vehicl e~ and equipment
Transportation equipmen except motor vehicles
Instruments and related products
Miscellaneous manufacturing and manufacturing not allocable
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ................................................. Net jncome .............................................. I ........ Sj~tu tory special deductions, total ............................... Net operating loss deduction .... ................ ....... Western Hemisphere Trade Corporation deduction ..............
2,383 3,065,127 289,947 205,226 24,972
15,740 3,794,428 134,104 106,069 5,641
13,738 8,304,761 267,188 207,322 31,739
6321 4,025~519 256,185 184,372 7,083
1 : 347 3.11 238 32,990 10,128 7,515
2 1", 5 4 155,538 151,014 1,676
3 531 2,07 5899 : 61,192 53,638 1,658
5941 1,078:084 69,087 60,580 951
Income subject to tax, total ..................................... Income taxed at normal tax and surtax rates ................... Net long-term capital gain taxed at alternative rates, total ...... Amount taxed at 25 percent rate .............................
2,775,171 2,527,525 247,646 -
3,660,302 3,593,159 67,143
8,037,392 7,930,931 106,461
3,772,758 3,555,419 217,339
3,278,265 3,230,109 48,156 -
1,330,354 1,307,155 23,199 -7
2,014,699 1,991,543 23,156 '7
1,009,046 975,543 33,503 -
Income tax, total ............ ............................ __ Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ... ........ .......... ...
1,282,885 1,268,139 4,162
1,649,643 1,646,015 3,532
3,762,048 3,749,770 11,914
1,757,994 1,737,668 15,892
1,562,762 1,554,800 7,840
625,123 622,143 2,476
945,865 944,477 1,386
448,342 447,150 1,192
10,540
75
Number of returns ............................................ .... Deficit ......................... ................................... Total statutory special deductions ................................. Income subject to tax .... ___ ... ..............................
1,185 447,277 19,922 -
9,582 445,997 1,843 -
8,564 476,095 7,132 -
3,327 549,556 967 -
669 628,695 '10,495 -
1,378 176,126 -
1.270 168,810 '233 -
3,602 168,297 3,658 -
Income tax, total .......... ......................... ..... .. .. Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit .......................................... Additional tax for tax preferences ...............................
3,335 645
401 401
430 406
424 393
2,005 1,969
87 76
147 147
116 116
2,690
-
'24
-
-
567
3,344
3,578
1,869
375
1,252
2,973
483 26,910
1,874 110,998
2,106 75,833
504 32,190
'6,008
-6,510
551 15,673
1,660 34,878
21,314 -
28,749 -
25,183 -
1,366 -
4,322
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
-4
Returns of Small Business Corporations, Form 1120S Number of returns ..................... - ..................... .... Net income: Number of returns ...................................... Amount .... ........................................ .... .. .. Deficit ............. ................................. ....... . .. Income subject to corporation tax ................................. Total income tax ...... ................ ........... . .. . .......
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
20,087 -
98
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-moriby amounts are in thousands of dollars] Major industry--Continued Transportation and public utilities Item
Total transportafion and public utilities
Transportation
(35)
(36)
Commun~ cation
Electric, gas, and sanitary services
Total wholesale and retail trade
(37)
(38)
(39)
Wholesale and retail trade Wholesale trade Total Groceries Machinery , wholesale and.related equipment , trade products and supplies (40)
(41)
Miscellaneous wholesale trade
-(42) ---
(43)
Number of Returns With Income Tax Number of returns withIncome tax, total ................................................ Form 1120S .................................................. Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit, total ........ Returns with net income ......................................
32,939 31,664 5,692 4,481
25,444 24,410 4,590 3,582
Tax from recomputing prior year work incentive (WIN) credit, total Returns . .......... with net income ..... ................... ...................................... ................. .. Additional tax for tax preferences, total ......................... Returns with net income ...................................... Returns with normal tax, surtax, and aftemative tax .......... Normal tax, surtax, and alternative tax after credits .............
.9 .9 42 37 32 20,294
3 3 31 27 26 16,317
2,025
10 6 1,952
Total income tax afterForeign tax credit ............................................. Investment and work incentive (WIN) credits .................. Foreign tax, investment, and work incentive (WIN) credits ....
32,927 22,882 22,813
25,433 18,397 18,329
3,539 2,237 2,237
Number of returns ................................................. Dividends received from domestic corporations, total ..... . ....... -Amount qualifying for 85 percent deduction ........... .......... Amount on certain public stock qualifying for 60.208 deduction Intragroup dividends qualifying for 100 percent deduction ....... Intragroup dividends qualifying for transitional deduction under section 1564(b) ............................................... Amount received from DISC's ...................................
80,701 221,810 196,337
63,644 77,481 71,290
8,423 76,096 -'71,713
4,661
3,539 3,488 494 448
3,956 3,766 608 451
285,728
114,813 112.900 18,859 17,037
10,706 10,452 1,725 1,485
24,021 23.675 4,857 4,515
80,086 78,773 12,277 11,037
101 10 94 232,261
105 105 37 31 25 97,543
'28 :7 7 -6 8,560
:4 4 -4 20,509
47 47 26 20 15 68,474
3,955 2,248 2,247
285,472 241,773 241,502
114,669 101,559 .101,404
10,706 9,001 9,001
24,005 21,662 21,646
79,958 70,896 70,757
8,634 68,233 -53,334
219,769 398,000 74,584 '213 53,158
20,418 17,154 7,688 -1,320
46,455 47,552 12,710 .8 3,727
152,896 333,294 54,186
-1,685
614,632 511,702 118,975 442 112,880
20,133
4,466
-4,215
1 1,452
9,008 270,397
4,115 265,930
7,267
30,803
2,932 227,860
Dividends received from foreign corporations, total ......... ...... Amount qualifying for 85 percent deduction ..................... Intragroup dividends qualifying for 100 percent deduction ....... Other foreign dividends .........................................
92,018 '16 -1,544 90,458
50,397
29,524 29,524
12,097
195,060 26 '1,794 193,240
108,778
-1,544 48.837
1,050 '400 '650
7,840 '12
99,888 -4
-1,771 106,991
7,828
98,513
Constructive taxable income from related foreign corporations, total ............................................ ................ Includable income of Controlled Foreign Corporations ........... Foreign dividend income resulting from foreign taxes deemed paid ...........................................................
64,518 15,775
36,073 8,970
18,943 80
104,377 21,156
50,773 8,169
'22
-3
46,854 8,144
48,743
27,103
18,863
'2,777
83,221
42,604
Net income (less deficit) ........ __ .............................. Total statutory special deductions ................................. ncome subject to tax .............................................
10,099,571 790,223 11,125,577
1,482,375 267,964 2,767,798
3,548,478 119,163 3,592,457
5,068,718 403,096 4,765,322
22,489,430 1,020,881 19,807,361
13,928,520 480,414 9,890,751
1,038,131 43,295 938,280
3,644,840 74,797 2,142,782
9,045,549 362,322 6,809,689
ncome tax, total ............................. : .................... Normal tax, surtax, and alternative tax .......................... Tax from recompuing pror year Fivestunent credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ...........................
5,146,272 5,107,158 32,77
88,369 111'76,815 0,:,~/
1,717,169 1,698,761 i8,394
2,240,734 2.231,582 5,813
8,131,078 8,103,316 26,771 76 915
4,071,265 4,056,890 13,578 41 756
392,557 391,046
872,433 868,417
2,806,275 2,797,427
1,4bJ
3,984
8,131
Foreign tax credit .......... nvestment credit ................. -- * I.................................. ........ ... ' ''' - ... * Work incentive (WIN) credit ....................................... Normal tax, surtax, and alternative tax after credits .............
119,466 2,190.067 269 2,797,356
42,389 268,09 911 866.237
32,650 1,047,965
44,427 874,011 77 1,313,067
210,901 570,930 628 7,320,857
129,934 238,074 321 3,688,561
33,267 -4 357,096
11,350 47,213 75 809,779
117,905 157,594 242 2,521,686
Total income tax afterForeign tax credit . . ~ ............................................ Investment and work incentive (WIN) credits .................... Foreign tax, investment, and work incentive (WIN) credits ......
5,026,806 2,955,936 2,836,470
1,141 92,1,0 :1111
1,614,519 ,"l 1,
877,7911
636,460
2,196,307 1,366,646 1,322,219
7,920,177 7,559,520 7,348,619
3,941,331 3,832,870 3,702,936
391,878 359,286 358,607
861,083 825,145 813,795
2,688,370 2,648,439 2,530,534
281,224 36,319 32,028 187 83
Returns With and Without Net Income
1
618,052
1
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data,"
1
1
1
(1)
48,111
38,710
-3
1
26 691
1
1
Corporation Returns/1975
99
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued (All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued Wholesale and retail trade Wholesale trade Groceries Machinery, Total and related equipment, wholesale products and supplies trade
miscellaneous wholesale trade
(4l)-
(42)
(43)
11,515 981,122 42,933 35,562
26.473 2,215,457 74,509 59,202 * 1,376
85,787 7,169,051 359,817 250,649 14,152
9,890,751 9,750,370 140,381
938,280 925,929 12,351 -
2,142,782 2,123,000 19,782 .3
6,809,689 6,701,441 108,248
8,127,035 8,103,212 23,000 76 747
4,069,747 4,056,890 12,145 41 67 1
392,301 391,046 1,207 -3
872,207 868,417 3,758
2,805,239 2,797,427 7,180 26 606
2,950 112,004 7,121 -
168,594 4,627,056 6,861 -
52,509 2,037,796 2.958 -
4,456 135,333 360 -
10,306 262,125 241 -
37,747 1,640,338 2,357 -
281 246
3,868 3,771
1,518 1,433
256 256
226 226
1,036 951
9;
85
Transportation and public utilities Communi. cation
Electric, gas, and sanitary services
Total wholesale and retail trade
(36)
(37)
(38)
(39)
38,653 11,885,254 764.258 565,439 13,539
29,758 3,012,568 249,230 201,974 -2,972
3,998 3,711,439 119,053 46,659 2.012
4,897 5,161,247 395,975 316,806 8,555
316,348 20,819,635 1,013,733 786,730 16,202
123,775 10,365,630 477,259 345,413 15,651
ncome subject to tax, total .............................. ........ Income taxed at normal tax and surtax rates ................... Net long-term capital gain taxed at alternative rates, total ...... Amount taxed at 25 percent rate .............................
11,125,577 10,589,555 536,022
2,767,798 2,488,039 279,759
3,592,457 3,553,152 39,305
4,765,322 4,548,364 216.958
19,807,015 19,569,218 237,797 1,226
ncome tax , total ... ................ .. ... Normal tax , surtax, and alternative tax ................. ........ Tax from recomputing prio ~ year investment credit .............. Tax from recomputing prio year work incentive (WIN) credit ... Additional tax for tax preferences ..............................
5,143,922 5,107,158 30,901
1,186,325 1,176,815 6,965
1,717,144 1,698,761 18,369
2,240,453 2,231,582 5,567
Number of returns ... ............... f .............................. Deficit .............. .......................... ................ .. Total statutory special deductions ........... ................... . Income subject to tax .................................... I ........
26,250 1,869,115 25,965 -
20,577 1,592,504 18,734 -
2,723 164,607 110 -
Income tax, total . ~ ............................. ............... . Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ...............................
2,350 1,873
2,044 1,602
25 25
Item
Total transportation and public utilities
Transportation
(35)
qumber of returns ........ ....... . .. .. .. ....... .. qet income ........ .. . . ..... ... . ..... . .. 3tatutory special deductions , total ............................ .. . Net operating loss deduction ................. ...... .. - - Western Hemisphere Trade Corporation deduction ..............
(40)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
(1)
85
Returns of Small Business Corporations, Form 1120S Number of returns ................................................. Net income: Number of returns ....... ..................... ... ............ Amount ...................................................... Deficit ............................................................ Income subject to corporation tax ................................. Total income tax ........................... .............
15,793
13,304
1,702
787
123,493
37,432
4,171
7,977
25,284
6,702 194,846
5,139 144,016
1,018 29,808
545 21,022
77,725 2,189,897
27,916 1,089,918
3,183 114,486
6,227 267,567
18.506 707,865
119,503 -
89,794 -
28,162 -
1,547 -
556,812
134,117 -
10,199 -
26,154 -
97,764 -
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.-
100
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued (All figures are estimates based on samples-money amounts are in thousands of dollars) Major inclustry-Continued Wholesale and retail trade-Continued Retail trade Total retail trade
Building materials, garden supplies, and mobile home dealers
General merchandise stores
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishgs in stores
Eating and drinking places
Miscellaneous retail stores
Wholesale and retail trade not allocable
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
Item
Number of Returns With Income Tax Number of returns withIncome tax, total .................... : ........................... Form 1120S _ ................................................ Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit, total ........ Returns with net income ......................................
170,813 168,222 17,459 14,990
16,153 15,874 2,212 1,953
5,547 5,473 477 408 -
14,281 13,993 1,547 1,265
32,558 -4 31,790 4,552 3,872
17,350 17,167 1,147 964
15,414 15,309 1,312 1,208
25,707 '25 25,617 2,598 2,508
43,803 42,999 3,614 2.812
4,794
'25 10,322
-6 -6 -5 25,070
15,011
13,065 -
17,953
'32 34,268
Tax from reccompluting prior year work incentive (WIN) credit, total ..................................................... Returns with net income ...................................... Additional tax for tax preferences, total ......................... Returns with net income ...................................... Returns with normal tax, surtax, and alternative tax .......... Normal tax, surtax, and alternative tax after credits .........
134,616
-4 -7 -4 -4 14,133
Total income tax afterForeign tax credit ....................................... Investment and work incentive WIN) credits .................. Foreign tax, investment, and work incentive (WIN) credits ....
170,701 140,112 139,996
16,153 14,533 14,533
5,546 4,932 4,931
14,228 10,887 10,834
32,558 26,559 26,555
17,296 15,400 15,346
15,410 13.353 13,349
25,707 18,519 18,519
43,803 35,929 35,929
'102
Number of teturni .......... ...... I ....... I ............. Dividends recerved from omestic corporations, total .............. Amount qualifying for 85 percent deduction ..................... Amount on certain public stock qualifying for 60.208 deduction Intragroup dividends qualifying for 100 percent deduction ....... Intragroup dividends qualifying for transitional deduction under section 1564(b) ............................................... Amount received from DISC's .1 .................................
394,647 113,692 44,381
32,2317 11,374 4,501
'l 0,291 45,643 12,462
29-,997 6,327 4,208
. 6 7,634 9,032 4,924
36.802 20,484 3,473
35,546 4,131 4,098
76,935 5,476 5,028
105,211 11,225 5,687
216
2,668
'16,062
Dividends received from foreign corporations, total ................ Amount qualifying for 85 percent deduction ..................... Intragroup dividends qualifying for 100 percent deduction ....... Other foreign dividends ............................. ...........
86,282
73
Returns With and Without Net Income
59,722 4,893 4,467
86.249
1,785 *344 -6 '338
1,869 '822
.9
'506 70.166 '23 *70,143
*8,407
-4
-8,407
-4
46,099 10,914
1,951 992
1,041
3,831 -4 3,627
Constructive taxable income from related foreign corporations, total ............................................................. Includable income of Controlled Foreign Corporations ........... Foreign dividend income resulting from foreign taxes deemed paid ...........................................................
53,604 12,987
35,185
959
-
740
1,443
Net income (less deficit) ....................................... Total statutory special deductions ................................. ncome subject to tax ........ ....................................
8,551,498 540,458 9,906,133
633,302 26,904 687,012
2,401,753 91,678 2,782,156
1,318,632 . 46,539 1,550,149
965,443 72,381 1,118 684
738,130 71,628 778,692
242,631 34283 431:889
650.674 82 157 850:540
1,600,933 114,888 1,707,011
ncome tax, total ................ ................................. Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ...............................
4,055,107 4,041,725 13,188 *35 159
241,516 240,537 947 (1)
1,302,559 1,300,410 2,135
686,110 682,543 3,567
379,049 375,910 3,014
306,203 305,801 402
140,887 140,631 256
326,605 325,134 1,448
672,178 670,759 1 ,419
Foreign tax credit .................... I ............................ rivestment credit ............. ...................................... Nork incentive (WIN) credit ....................................... Normal tax, surtax, and alternative tax after credits ...............
80,967 332,721 307 3,627,730
107 12,689 -6 227,735
59,833 105,870 71 1,134,636
5,609 85,489 53 591,392
26,745 62 349,005
11,545 '21 294,114
5,294
2,914 41,538
133,273
280,647
10,247 43,551 33 616,928
Total income tax afterForeign tax credit ............................................... Investment and work incentive (WIN) credits .................... Foreign tax, investment, and work incentive (WIN) credits ......
3,974,140 3,722,079 3,641,112
241,409 228,821 228,714
1,242,726 1,196,618 1,136,785
680,501 600,568 594,959
378,951 352,242 352,144
306,082 294,637 294,516
138,849 135,567 133,529
323,691 285,032 282,118
661,931 628,594 618,347
40,617
ootnoles at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
227 227
740 -
1,952 509
9 ,412 .9
'4.706
Corporation Returns/1975
101
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income. Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollarsl Major industry-Continued Wholesale and retail trade-Continued Retail trade Item Total retail trade
(44) _
Build"19 materials, garden a supplies, nd mobile home dealers
General merchandise stores
Food stores
(45)
(46)
(47)
Automotive dealers I and service stations (48)
Appare and accessory stores
Furniture arid home f u rn is h . ings stores
Eating and drinking places
Miscellaneous r atail stores
Wholesale and retail trade not allocable
(49)
(50)
(51)
(52)
(53)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ................................................. Net income ........................ .............................. Statutory special deductions, total ................................. Net operating loss deduction .................................... Western Hemisphere Trade Corporation deduction ..............
192,471 10,443,523 536,465 441,317 551
17,627 713,630 26,878 18,643 -
5,796 2,873,556 91,159 47,881 116
15,326 1,596,693 46,229 41,576 -
35,560 1,190,799 71,928 65,927 54
18,964 850,007 71,302 52,158 -
17,969 464,818 32,720 30,896 -
32,114 932,371 81,832 78,486 -
49,115 1,821,649 114,417 105,750 381
*10,482 .9 -
ncome subject to tax, total .................. .................... Income taxed at normal tax and surtax rates ................... Net long-term capital gain taxed at alternative rates, total ...... Amount taxed at 25 percent rate ...... ......... ............
9,905,787 9,808,596 97,191 * 1,094
687,012 679,059 7,953
2,782,156 2,742,240 39,916 '265
1,550,149 1,538,279 11,870 -
1,118,449 1,106,274 12,175
778,692 776,458 2,234
431,889 428,150 3,739 -
850,429 842,225 8,204 -
1,707,011 1,695,911 11,100 -
*10,477 *10,252 '225 -
ncome tax, total .......... Normal tax, surtax, and alternative tax ...................... ... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences . ~ .............................
4,052,582 4,041,621 10,850
241,236 240,537 679
1,302,444 1,300,410 2,020
685,353 682,543 2,810 (1)
378,167 375,839 2,274
306,128 305,801 327 -
140,862 140,631 231 -
326,309 325,101 1,185
672,083 670,759 1.324 -
-4,706 *4,701
Number of returns ................................................. Deficit .................................................... :~ ....... Total statutory special deductions . ................................ Income subject to tax . .....................................
116,068 2,588,079 3,903
7,959 182,908
2,240 506,183 519
8.350 343,S44 310
18,715 362,575 452
9,272 162,302 326
10,382 260,614 1,523
27,059 375,331 325
32.091 394,322 422
Income tax, total ................................... ......... Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Addilional tax for tax preferences ................... ...........
2,350 2,338
280 268
115 115
757 757
740 740
25 25
263 263
95 95
85,971
6,629
2,219
6,318
13,351
8,557
7,178
17,762
23,957
49,809 1,099,979
4,572 134,772
897 29,117
3,123 103,297
8,037 210,542
5,172 95,680
4,021 64,812
9,465 215,749
14,522 246,010
422,661,
32,666 -
6,567 -
38,399 -
76,723
45,517 -
27,169 -
122,115
73,505 -
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
(1)
Returns of Small Business Corporations, Form 1120S Number of returns ............. ................................... Net income: Number of returns ...... .................................. Amount .......... .............................................. Deficit .............................................. .... ......... Income subject to corporation tax ................................. Total income tax ..................................................
Footno!es at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
'33
-1,181 -
102
Corporation R6turns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Finance, insurance, and real estate Item
Total finance, insurance, and real estate (54)
anking
Credit agencies other than banks
Security, commodity brokers and services
(55)
(56)
(57)
nsurance
Insurance agents, brokers, and service
eal estate
Holding and other investment companies, except bank holding companies
(58).
(59)
(60)
(61)
Number of Returns With Income Tax Number of returns withIncome tax, total ..................................................................... Form 1120S ....................................................................... Normal tax, surtax, and alternative tax ............................................... Tax from recomputing prior year investment credit, total ............................. Returns with net income ...........................................................
187.942 '157 185,053 11,563 9,325
10,807 10,273 2,154 1,743
24,883 '25 24,426 1,882 1,458
2,040 2,012 116 95
Tax from recomputing prior year work incentive (WIN) credit, total ................... Returns with net income ........................................................... Additional tax for tax preferences, total .............................................. Returns with net income ...................................................... .... Returns with normal tax, surtax, and alternative tax ............................... Normal tax, surtax, and alternative tax after credits ..................................
62 58 3,084 2,917 2,782 170,805
.8 518 426 390 9,306
3 3 2,150 2,123 2,111 23,453
-4 -4 3 3
Total income tax afterForeign tax credit .............................................. Investment and work incentive (WIN) credits ................... .. * . ........ Foreign tax, investment, and work incentive (WIN) credits ......................... .... . ... .....
187,737 175,196 174,851
10,806 10,072 10,069
Number of returns ...................................................................... Dividends received from domestic corporations, total .............. ......... .......... Amount qualifying for 85 percent deduction ................-. . -.; .................. Amount on certain public stock qualifying for 60.208 deduction ..................... Intragroup dividends qualifying for 100 percent deduction ...... ..................... Intragroup dividends qualifying for transitional deduction under section 1564(b) ...... Amount received from DISC's ............................ ...........................
411,846 4,787,809 4,064;537 18,571 696,255 2,491 5,955
Dividends received from foreign corporations, total ..................................... Amount qualifying for 85 percent deduction .......................................... Intragroup dividends qualify~ing for 100 percent deduction ............................ Other foreign dividends ..............................................................
3.487 3,362 478 384
16,395 '54 16,294 1,831 1,756
113,470 112,155 4,239 3,076
16,860 '25 16,531 863 813
59 56 41 15'877
1,43;
6 4 4 2,794
13
'29 334 291 2 104,123 60
24,754 24,223 24,091
2,040 1,459 1,459
3,486 3,020 3,017
16,395 14,251 14,123
113,458 105,893 105,877
16,798 16,278 16,215
14,118 364,130 287,777 1,318 74,004
52,873 44,109 28,162
4,580 52,345 26,446 .1 *25,834
7,133 2,163,385 1,727760 12~488 422,254
35,950 17,284 .11 ; 016 210 '6,058
255,603 97,657 82,923 468 10,895
-
-3,166
41,589 2,048,899 1,900,453 4,023 141,998 1,876 '549
185,053 3,158 4,056 177,839
55,087
9,609 *60
54,731
9,420
3,153
27,462 2,157 979 24,326
5,405 5,405
2,696 -2 '251 2,443
81,641 914 -2,366 78,361
78,664 10,679 67,985
20,081 3,228 16,853
27,451 30 27,421
1,095 16 1,079
10,946
Net income (less deficit) ............................................................... Total statutory special deductions ...................... ............................... Income subject to tax ..................................................................
11,663,330 3,577,796 13,141,553
2,778,387 393,080 3,372,285
1,293,015 . 174,024 1,867,951
631,064 105,255 612,685
3,114,437 1,653,521 4,271,354
Income tax, total ....................................................................... Normal tax. surtax, and alternative tax ... ........... ............ .................. Tax from recomputing prior year investment credit ................................... Tax from recomputing prior year work incentive (WIN) credit ........................ Additional tax for tax preferences ....................................................
5,644,729 5,588,647 14,947 58 41,077
1,503,334 1,485,274 5,815 -4 12,241
826,883 797,193 3,894 3 25,793
284,283 283,833 204 (1) 246
Foreign tax credit ......................................................... I ............ Investment credit ....................................................................... Work incentive (WIN) credit ............................................................ Normal tax, surtax, and alternative fix after credits ....................................
748,039 222,812 173 4,617,623
548,633 123,994 81 812,566
32,578 30,910 18 733,687
Total income tax afterForeign tax credit ................................................ ................... Investment and work incentive (WIN) credits ......................................... Foreign tax, investment, and work incentive (WIN) credits ...........................
4,896,690 5,421,744 4,673,705
954,701 1,379,259 830,626
794,305 795,955 763,377
'808 '14
Returns With and Without Net Income
Constructive taxable income from related foreign corporations, total Includable income of Controlled Foreign Corporations ............ ..... * ...... .... Foreign dividend income resulting from foreign taxes deemed paid~' ..*
15,212
'64
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
3,153 (1)
14,360 '203 '256
13,748
411,852 48,316 412,743
652,312 512,338 2,097,107
2,782,263 691,262 507,428
2,024,449 2,021,564 2,670
150,988 150,714 261
674,022 670,557 1,730 '51 1,684
180,770 179,512 373
3,028 6,230 .1 274,574
134,917 27,770 65 1,858,812
5,406 4,138 141,170
1,359 26,294 .8 642,896
22,118 3,476 (1) * 153,918
281,255 278,052 275,024
1,889,532 1,996,614 1,861,697
145,582 146,850 141,444
672,663 647,720 646,361
158,652 177,294 155,176
'13
Corporation Returns/1975
103
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars) Major industry-Continued Finance, insurance, and real estate Item
Total finance, insurance, and real estate
anking
Credit agencies other than banks
(54)
(55)
(56)
1
Security, commodity brokers and services
nsurance
Insurance agents, broker and S' service
(57)
(58)
(59)
1
eal estate
Holding and other investment companies, excbpt bank holding companies
(60)
(el)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ............................................... ......... ..... Net income ........................... ................................................ Statutory special deductions, total ..................................... .............. Net operating loss deduction ....... ........................ ............ ........ . Western Hemisphere Trade Corporation deduction ...................................
223,723 18,482,355 3,013,667 1,046,179 -1,722
10,731 3,701,471 361,739 99,302
30,625 2,030,421 169,260 136,225 61
2,233 710,546 100,412 56,029 1,065
4,137 5,218,910 1,171,662 195,784 116
16,643 458,834 46,657 32,831 -
134,287 2,586,091 502,014 432,289 31
23,067 3,776,082 661,923 93,719 -
Income subject to tax, total ................ ........................ ...... .... ..... Income taxed at normal tax and surtax rates ........................................ Net long-term capital gain taxed at alternative rates, total ........................... Amount taxed at 25 percent rate ................................ .................
13,139,251 12,587,603 551,648 811
3,372,232 3,228,601 143,631
1,867,049 1,822,141 44,908
612,685 602,939 9,746 -
4,270,757 4,212,539 58,218 -
412,492 410,318 2,174
2,096,639 1,912,677 183,962 '426
507,397 398,388 109,009
Income tax, total ....................................................................... Normal tax, surtax, and alternative tax ............................................... Tax from recomputing prior year investment credit , .................................. Tax from recomputing prior year work incentive (WIN) credit ........................ Additional tax for tax preferences ................................................. ..
5,638,934 5,587,936 12,773 55 38,170
1,500,800 1,485,262 4,821 -2 10,715
825,483 796,922 3,676 3 24,882
284,265 283,833 186 (1) 246
2,023,636 2,021,361 2,074
150,907 150,639 255
180,649 179,503 318
13
673,194 670,416 1,443 1,2 85
Number of returns ................................................ ........ ........ ... Deficit ........................ .................................... ... ... .. ... . . . Total statutory special deductions .............................. .......... .... ..... Income subject to tax . ~ ......................................... I ......................
149,777 6,901,433 564,129 x650
3,169 924,831 31,341 153
19,452 742,086 4,764 -
1,779 77,372 4,843 -
1,878 2,116,680 481,859 1597
10,679 124,504 1,659 -
97,752 1,932.183 10,324 -
15,068 983,777 29,339 -
Income tax, total ........................................... . ...... .. .......... Normal tax, surtax, and alternative tax ............................................... Tax from recomputing prior year investment credit ................................... Tax from recomputing prior year work incentive (WIN) credit ........................ Additional tax for tax preferences ....................................................
5,299 1215 2,174 3 2,907
2,534 ~12 994 -2 1,526
1,129 218
813 2203 596
-6 -6
687 287
112 55
-
399
38,293
218
2,743
568
1,118
6,628
23,564
3,454
1.856
1,688 28,996
267 4,723
597 12,935
4,580 93,054
10,925 168,746
1,491 27,479
15,532
170,342 '468
37,521
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
911
Returns of Small Business Corporations, Form 1120S Number of returns ...................................................................... Net income: Number of returns ...................................... ............................ Amount ...................... ...................................................
19,638 337,789
Deficit .................................................................................. Income subject to corporation tax ...................................................... Total income tax .......................................................................
260,238 .1 1652 .4961
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and 1-mitations of the Data."
1
29,173 '902 *2711
1
104
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued [All figures are estimates based on samples-money amounts are in thousands of dollars] Major industry-Continued
Services Item Total servi ces
Hotels and other lodging places
Perso at services
Business semces
(62)
(63)
(64)
(65)
1
Auto repair; miscellaneous repair services
Amusement and recreation services
Other services
Nature of business not allocab e
(66)
(67)
(68)
(69)
Number of Returns With Income Tax Number of returns withIncome tax, total ................................................ Form 1120S .............................. ................... Normal tax, surtax, and alternative tax ................... I ...... Tax from recomputing prior year investment credit, total ........ Returns with net income ......................................
176,177 173,579 15,434 13,079
4,286 4,254 425 409
13,738 13,691 1,294 1,247
41,479
19,846
12,283
84 ,545
692
40,243 5,234 4,074
19,483 2,724 2,494
12,183 794 696
83,725 4,963 4,159
689 '121
-
'34
-6 .5 -5 8,506
14 '12 6 58,371
412
Tax from recomputing prior year work incentive (WIN) credit, total ........................................................... Returns with net income ...................................... Additional tax for tax preferences, total ......................... Returns with net income ...................................... Returns with normal tax, surtax, and alternative tax .......... Normal tax. surtax, and alternative tax after credits .............
63 54 47 122,361
9 4 3 3,139
9,220
29,245
-5 -5 -5 13,880
Total income tax afterForeign tax credit ............................................. Investment and work incentive (WIN) credits .... ............. Foreign tax, investment, and work incentive (WIN) credits ....
175,993 127,800 127,603
4,286 3,196 3,196
13,738 9,569 9,569
41,442 31,092 31,046
19,718 15,053 14,925
12,266 8,727 8,706
84,543 60,163 60,161
692 415 415
435,672 117,772 88,528
37,666 6,204 4,032 (1) *
110.294 38,540 31,721
50,015 3,739 3,324 '162
37,901 33,716 21,359 '24
183,749 20,303 12,823
1 ,701 570
4,576
16,047 15,270 15,269 .1 -
17,867
-
-1,153
1,000 '11, 162
5,331
70,882
'1,588
37,527
61,921
'1.535
28,799
'1,520 180 -1,340
21,688 21,688
2,350 2,350
-
14,448 2,773
246
Returns With and Without Net Income Number of returns ................................................. Dividends received from domestic corporations, total .............. Amount qualifyiing for 85 percent deduction ..................... Amount on certain public stock qualifying for 60.208 deduction . Intragroup dividends qualifyring for 100 percent deduction ....... Intragroup dividends qualifying for transitional deduction under section 1564(b) ............................................... Amount received from DISC's ........................ .......... Dividends received from foreign corporations, total ................ Amount qualifying for 85 percent deduction ..................... Intragroup dividends qualityring for 100 percent deduction ....... Other foreign dividends . ........................................
(1)
Constructive taxable income from related foreign corporations, total ............................................................. Includable income of Controlled Foreign Corporations ........... Foreign dividend income resulting from foreign taxes deemed paid ...........................................................
39,833 5,717 34,116
-
17,496
-
11,675
Net income (less deficit) ............................ ............. Total statutory special deductions ................... ............. Income subject to tax ............... .............................
3,396,744 748,692 4,468,681
55,633 65,786 279,149
316,646 46,753 313,323
1,164,125 274,910 1,454,544
305,544 53,580 400,772
674,050 97,820 860,064
880,746 209,843 1,160,829
23, 121 1 ,259 18,474
Income tax, total .................................................. Normal tax, surtax, and alternative tax ................... ...... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Add itional tax for t ax preferences ..............................
1,640,778 1,625,093 14,700 7
106,354 104,229 1,711 (1)
115,505 114,560 945
561,598 555,923 5,641
134,012 130,687 3,298
370,510 369,683 591
6,612 6,577
Wo
4j4
-
'34
'27
'236
352,799 350,011 2,514 -7 267
Foreign tax credit .......................... ....................... Investment credit ........ ......................................... Work incentive (WIN) credit ....................................... Normal tax, surtax, and alternative tax after credits ...............
73,281 243,184 676 1,307,952
951 13,011
5,612 12,573
90,256
96,312
27,998 69,322 328 458,275
29,367 '69 100,912
32,948 71,864 (1) * 264,871
5,433 47,047 205 297,326
-2 170 6,405
Total income tax afterForeign tax credit ............................................... Investment and work incentive (WIN) credits .................... Foreign tax, investment, and work incentive (WIN) credits ......
1,567,497 1,396,918 1,323,637
105,403 93,332 92,381
109,893 102,869 97,257
533,600 491,948 463.9501
133,673 104,576 104,237
337,562 298,646 265.6981
347,366 305,547 300,114
6,610 6 ,442 6,440
19,308 -1,812
1 ootnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1
1
-
Corporation Returns/1975
105
RETURNS OF ACTIVE CORPORATIONS Table 10.-Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions, Income Subject to Tax, Income Tax, Credits, and Small Business Corporations (Form 1120S), by Major IndustryContinued (All figures are estimates based on samples-money amounts are in thousands of dotlarsl Major industry-Continued
Services Item
Total services
Hotels and other lodg, ing places
Personal services
Business services
Auto repair; miscellaneous repair services
Amusement and recreation serv ices
Other serv ices
(62)
(63)
(64)
(65)
(66)
(67)
(68)
Nature of business not allocable (69)
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ....... .................. ...................... Net income .... ... .. .... ................................ Statutory special deductions, total ~ .................... .......... Net operating loss deduction ............................. ...... Western Hemisphere Trade Corporation deduction ..............
206,870 5.201,209 734,330 655,083 * 1,000
5,745 336,402 57,925 52,935 -
17,794 360,020 46,512 41,269 -
49,253 1,725,006 271,758 234,292 23
23,334 454,283 52,833 50.799 -
15,282 955,456 97,062 78,017 904
95,462 1,370,042 208,240 197,771
699 19,671 1,259 '816
Income subject to tax, total ......... ............................. Income taxed at normal tax and surtax rates ................... Net long-term capital gain taxed at alternative rates, total ...... Amount taxed at 25 percent rate ... ...................
4,468,681 4,327,859 140,822 -4
279,149 219,013 60,136 -
313,323 312,446 877 -
1,454,544 1,421,523 33,021 -
400,772 398,347 2,425 -
860,064 837,068 22,996 '4
1,160,829 1,139,462 21,367 -
18,474 18,310
Income tax, total .......... Normal tax, surtax, and alternative tax .......................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ........ ................ .....
1,638,144 1,625,093 12,430 -7 614
105,961 104,229 1,630 102
115,488 114,560 928 -
560,332 555,923 4,382 (1) * '27
133,611 130,687 2,897 (1) * '27
370,417 369,683 540 194
352,335 350,011 2,053 -7 '264
6,606 6,577
Number of returns ................................................. Deficit ... ......................................................... Total statutory special deductions . ................................ Income subject to tax .............................. ..............
146,399 2,179,677 14,328 -
5,209 264,441 7,861 -
9,981 79,342
36,305 668,852 3,152 -
14,405 193,673 -
15,366 310,587 758 -
65,133 662,782 1,569 -
719 17,154 -
Income tax, total ...... ........................................... Normal tax, surtax, and alternative tax ...... ................... Tax from recomputing prior year investment credit .............. Tax from recomputing prior year work incentive (WIN) credit ... Additional tax for tax preferences ............. .................
2,634 2,270 I,) * 364
393 81 (1) * 312
'17 -
1,266 1,259 -7
401 401 -
93 51 -
464 461 .3
-6 -6 -
82,267
5,093
9,891
24,702
12,276
7,233
23,072
42,676 748,679
2,216 64,319
5,141 53,669
12,963 203.194
7,3GO 71,600
2,968 117,482
12,198 238,415
448,761 -
80,647 -
17,701 -
98,950 -
26,666 -
127,946 -
96,851 -
-
-
Returns Without Net Income, Other Than Forms 1120S and 1120-DISC
-
-
Returns of Small Business Corporations, Form 1120S Number of returns ................................................. Net income: Number of returns .................................... ......... Amount .................... ....... ............................ Deficit ............................................................. Income subject to corporation tax ................... ............. Total income tax ..................................................
* Estimate should be used with caution because of the small number of sample returns On which it is based. "Data deleted because of the small number of sample returns on which they were based. Deleted data are included in the appropriate totals. 'Less than S500 per return. 'These amounts were reported on returns without net income but with income subject to tax by life insurance companies and banks with life insurance departments taxable under a special provision of the Internal Revenue Code. NOTE: Credits include foreign tax, investment, and work incentive (WIN) credits. See text for "Explanation of Terms" and"Description of the Sample and Limitations of the Data."
'83
RETURNS OF ACTIVE CORPORATIONS Table II.-Income, Statutory Special Deductions, Income Tax, and Credits, by Accounting Period [All figures are estimates based on samples-money amounts are in thousands of dollars] Item
Total returns of active corporations Number of Amount returns (1)
(2)
Accounting period ended (full and part-year returns) July 1975
August 1975
(3)
(4)
September 1975 (5)
October 1975 (6)
November 1975
December 1975
January 1976
February 1976
March 1976
April 1976
May 1976
June 1976
(13)
(14)
1
(7)
(8)
(9)
(10)
(11)
(12)
Total Returns Number of returns, total ........................................................ Form 1120S ................................... ............ - .............. Form 1120-DISC ...................................................... . . .... Total receipts ............................................................. Net income (less deficit) ...................................................... Total income tax ..................................................... .........
2,023,647 358,413 6,431 1,955,325 3,198,627,860 2,003,254 142,636,826 889,759 66, 144 ,308
73,381 12,030 323 71,449,705 1,759,239 876 ,697
76,119 12,946 283 75,832,336 1,878,310 977 ,522
175,166 26,864 500 176,446,109 5,221,927 2 ,546, 565
99,046 16,420 352 106,062.452 3,898,403 1 ,668, 289
57,286 813,929 10,576 153,450 214 1,578 54.828,718 1,929,549,583 2,088,048 104,011,978 850,588 49.062,767
77,429 18,015 1,155 152,352,514 5,885,410 2,095,384
74,157 15,052 320 65,799,802 1,819,219 804,336
156.631 29,117 537 169,461.043 3,743,724 1,860.924
91 ,576 14,068 343 76.770,152 2,330,149 968,112
83,078 12,400 288 81,151,980 2,033,514 908,575
245,849 37,475 538 238,923 ,466 7,966,905 3,524,549
1,658,803 1,606,607 3,045,345,466 1,642,641 134,630,929 1,019,158 159,213,286 623 ,483 24 ,582 ,357
61,028 66,776,977 1,597,252 2,346,699 749, 447
62,890 71,009,871 1,617,572 2,545,114 927,542
147,802 167.189,235 4,904,899 6,664,287 1 , 759,388
82,274 100,163,811 3,574,752 4,524,175 949,423
46,496 658,901 50,918,144 1,870, 169,270 1,854,357 101,344,443 2,415,019 114,126,766 560,662 12,782,323
58,259 139,445 ,969 4,045,605 5,094,167 1,048,562
58,785 59,433 , 136 1,340,211 2,111,874 771,663
126,977 154 ,705 ,142 3,221,517 5,004,515 1,782,998
77.165 70,543 .806 2,038 ,999 2,715,565 676,566
70,390 75 ,669, 785 1 ,801 , 709 2,478,868 677,159
207,836 219,320.320 7 ,289, 613 9,186,237 1,896,624
Returns With and Without Net Income, Other Than Forms 1120S and 1120-DISC Number of returns ..... - ................ ..................................... Total receipts .................................................................. Net income (less deficit) ....................................................... Net income .................................... ............................. Deficit ........................................ ............................... Total statutory special deductions .... ......................................... Net income of regulated investment companies and real estate investment trusts ............................................................. Income subject to tax, total ......................................... .......... Income taxed at normal tax and surtax rates ................................ Net long-term capital gain taxed at alternative rates, total ................... Amount subject to 25 percent rate . . . . .. ..................................
302,592
11,030,495
171,656
200,786
429,029
280,476
200,542
7,556,505
371,488
165,888
426,237
278,054
242,305
707,529
829 870,755 869,966 26,521 197
2,626,855 146,584,136 142,117,842 4,466,294 3 ,928
104,787 2,075,268 1,998,976 76 ,292
44,466 2,307,007 2,239,266 67 ,741 804
268,587 5,976,915 5,836,129 140 ,786 1 ,968
364,622 3,887,604 3,804,992 82,612
212,819 2,005,717 1,965,696 40,021 ' 14
1,320,220 106,207 ,742 102,717,764 3,489,978
44,906 4 ,681 ,765 4,600,311 81,454 -
11,168 1 ,936 ,905 1.900,385 36,520 -
47,787 4 ,538, 421 4,410,096 128,325
86,146 2 ,354, 271 2.306,528 47,743
16,453 2,227,269 2,165.942 61,327
104,894 8,385,252 8,171,757 213.495
Income tax, total ............................................................... Normal tax, surtax, and alternative tax ....................................... Tax from recomputing prior year investment credit ....................... ... Tax from recomputing prior year work incentive (WIN) credit ................ Additional tax for tax preferences ............................................
889,542 870 ,754 108,346 706 4,266
66,142,544 65,768 ,276 217,138 608 156,522
876,350 871 ,170 3,023
2,546,565 2 ,531 , 541 10, 281 12 4, 731
1,668,289 1 ,660 ,685 6 ,365 .1 1 , 238
850,588 845 ,715 3 ,953 '14 906
49,062,616 48 ,780 ,796 148, 225 495 133, 100
2,095,384 2,088,030 5, 557 .9 1 , 788
804,320 800,619 3,493 .1 207
1,860,653 1,848,6~15 ",4 7
2,144
977,522 972 ,287 3,468 .2 1,765
2,872
967,327 962,346 3,708 ' 22 1.251
908,414 90f,870 5,440 (1) * 1,104
3,524,516 3,504,602 14,478 20 5,416
Foreign tax credit .............................................. - ............. Investment credit ........................................................... ... Work incentive (WIN) credit .................................................... Total income tax after credits ........................................... ......
6,137 553,279 3,349 732,725
19,987,724 6,459,746 5,321 39,689,753
23,879 64, 927 49 787,495
23,624 85,438 107 868,353
126,318 236,581 292 2,183,374
203,835 150,086 225 1,314,143
22,614 60,456 83 767,435
19,171,994 5 ,006, 180 2,921 24,681,521
94,295 163 ,61 9 274 1,837,196
23,462 64,706 88 716,064
74,525 167,595 352 1,618.181
23.262 73,196 236 870,633
21,413 92,940 67 793,994
178,503 294,022 627 3,051,364
1,019,158 1,019,158 2,575,656,512 1,019,158 159,213,286 286, 721 10 ,347, 120 216,367 5,519,653 452 1,475,858
36.990 52,663,320 2,346,699 168 ,928 148,957 *1.127
38,962 59,212,340 2,545,114 194 ,912 163,831 '4,623
92,662 137,544,772 6,664,287 424 ,026 346,311 8,864
50,859 85,255,023 4,524,175 275,991 194,414 8 ,028
29,194 397,840 42,361,823 1,591,230,010 2,415,019 114,126,766 198,604 6,920,570 160,973 2,702,455 1 ,748 1 ,441 ,198
37,327 125,200 ,293 5,094,167 368,086 273, 2DO
34,284 45,163 ,095 2,111,874 164,032 146, 411
78,583 125 .933, 996 5.004,515 420,208 366,840 2,526
46,734 59 ,459, 576 2,715,565 276.145 241 ,930 951
43,573 64 .648,275 2,478,868 235,663 2 1 2,061
132,150 186,983,989 9,186,237 699,955 562,270 3,848
Returns With Net Income, Other Than Forms 1120S and 1120-DISC Number of returns .............................................................. Total receipts .................................................................. Net income .................................................................... Statutory special deductions , total .................. . ... ........................ Net operating loss deduction ............... ................................. Western Hemisphere Trade Corporation deduction ........................... Netincome of regulated investment companies and real estate investment trusts .......................................... .................. Income subject to tax, total .................................................... A mount subjec t to 25 percent rate ........................................
829 870,733 869,944 26,521 197
2,626,855 146,583,486 142,117,192 , 4,466,294 3,928
104,787 2,075,268 1,998,976 76,292
44,466 2,307,007 2,239,266 67,741 804
268,587 5,976,903 5,836,117 140,786 1,968
364,622 3,887,563 3,804,951 82,612
212,819 2,005,717 1,965,696 40,021 *14
1,320,220 106 ,207, 145 102,717,167 3,489,978
44,906 4 ,681 , 765 4,600,311 81,454 -
11,168 1 ,936,905 1.900,385 36,520 -
47,787 4, 538,421 4,410,096 128.325 -
86,146 2, 354 ,271 2, 306 ,528 47 ,743
16,453 2,227,269 2, 165 ,942 61 ,327
104,894 8,385,252 8, 171 ,757 213 ,495
Income tax, total ............. . ............................................... Normal tax, surtax, and alternative tax ..... ................................. Tax from recomputing prior year investment credit ........................... Tax from recomputing prior year work incentive (WIN) credit ................ Additional tax for tax preferences ............................................
872,092 870,732 91,153 630 4,017
66,102,325 65 ,768 ,061 190,406 535 143,323
875,966 871 , 170 2,674 1-2 2,120
976,703 972,287 . 2, 706 .1
1,667,193 1 ,660,676 5,347 .1 1,169
849,254 845,715 2,724
2,094,025 2,088,030 4 ,539 .9 1 ,447
1,858,701 1,848,615 . 7,407
801
49,035,137 48 ,780,593 132.614 441 121 ,489
803,465 800,619 2,728 .1
1,709
2,544,584 2 ,531 ,538 8,712 8 4,326
117
2 .660
966,653 962,346 3.156 * 22 1,129
907,878 901.870 4.931 (1) , 1,077
3.522.766 3,504,602 12.868 '17 5,279
Foreign tax credit .................................. ........................... Investment credit ............................................................... Work incentive (WIN) credit .................................................... Total income tax after credits ..................................................
6,137 553,272 3,348 715,279
19,987,724 6,459,710 5,319 39,649.572
23,879 64,927 49 787,111
23,624 85 ,438 107 .867,534
126,318 236 ,578 292 2,181,396
203,835 150 ,077 1 225 1,313,056
22,614 60 ,456 83 766,101
19,171,994 5,006 , 156 2 ,919 24,854,068
94,295 163 ,619 274 1,835,837
23,462 64,706 88 715,209
74,525 167,595 352 1,616,229
23,262 73,196 236 869,959
21,413 92,940 67 793.458
178,503 294.022 627 3,049.614
Income taxed at normal tax and surtax rates ................................ N e t long- term cap ital gain taxed at a lternative rates, total ...................
'Less than S500 per return. NOTE: Credits include foreign tax, investment, and work incentive (WIN) credits. See text for "Explanation of Terms-and "Description of the Sample and Limitations of the Data."
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 112.-Income Subject to Tax: Number of Returns, Net Long-Term Capital Gain, Net Income, Income Subject to Tax, Income Tax, Foreign Tax, Investment, and Work Incentive (WIN) Credits, and Coefficients of Variation, by Size of Income Taxed at Normal Tax and Surtax Rates, or Size of Deficit [All figures are estimates based on samples-money amounts are in thousands of dollars]
Income and tax status and size of income taxed at normal tax and surtax rates or size of deficit
Number of returns of active corporations, other than Forms 1120S and 1120-DISC
Net long-term capital gain reduced by net short-term capital loss
Long-term capital gain from certain bi n di ng contracts, and install ment sales (3)
(1)
(2)
Total .................................................................... Returns with net income, total ............................................... With normal tax, surtax, and alternative tax, total ...... ........... . . . . With income taxed at normal tax and surtax rates, total . . ~ ............ . .
1,658,803 1,019,158 870,732 869,943
Under S5,000 .... . ........................ ................. . . S5.000 under S10 ,000 ...................... ................ ... . . S10,000 under $15 ,000 ........ ............... ......................... S15.000 under $20 ,000 ............................................... . S20,000 under S25 ,000 ................ ................. __ .......... S25,000 ..... .......... - ..................... . . ..... S26.000 under S30 .000 ...... ......................................... . S30.000 under S35 .000 ................ ........................... . . . S35,000 under $40,000 ........................... .............. S40.000 under S45 ,000 ........................ .. .......... .. S45,000 under S50 ,000 ..................... ........................... S50,000 ............. ........ S51 ,000 under S60,000 ...................................... . . . . . S60,000 under S70,000 .................. .......................... . . S70,000 under S80,000 .......................... .......... . . . . . S80,000 under S90,000 ............................ .............. . . .. S90,000 under S100 ,000 ............... - ..... I ......................... S100,000 under $150,000 - ...................................... . . . S150 ,000 under S200,000 ...................... . .......... . . . . $200 .000 under S250 ,000 ................................................ $250 ,000 under S500 ,000 ........................................ . . . . S500 ,000 under S1,000,000 ........................................... .. S1,000,000 under $5,000.000 ......... . .. . . .. . . . . . . . . - - S5 ,000,000 under S110,000,000 .............. . . . .. _.. S10.000 .000 under S25 ,000,000 ................... .......... . .. ............... .. ....... . . . S25,000,000 under 550,000,000 $50,000,000 under $100,000,000 .... .. ... S100,000.000 or more ...................... . . ........ .. . . Without income taxed at normal tax and surtax rates, but with alternative tax on long-term capital gain' ......................... Without normal lax, surtax, and alternative tax, total ................... . . . With additional tax for tax preferences ............................... _.. With only additional tax for tax preferences ........... ............. With only tax from recomputing prior year investment credit ............... With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive IWIN) credits ................. ..... ... ... . . .. . . . . Nontaxable ......... .. . .... - ... . . . . Returns without net income, total ........................................... With normal tax. surtax. and alternative tax ....................... ... . . Without normal tax, surtax, and alternative tax: With additional tax for tax preferences .................. ........ With only additional tax for tax preferences .... . ......... . . . . . . With only tax from recomputing prior year investment credit ............ With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive (WIN) credits ................ .... . ... Nontaxable ........ ... .. .. . .... Size of deficit: Under S5, 000 ........ . $5.000 under $15,000 ................... . . $15.000 under S25 ,000 - ....... S25,000 under S50 ,000 ................... . S50,000 under S100,000 .................. S100,000 under S500 ,000 .... .......... . . S500,000 under SI .000 ,000 ................ S1 ,000,000 under S10,000,000 ....... . Sio,000,000 or more .................. .
311,011 126,188 79,242 54,932 44,324 8,217 24,497 25,505 21,359 19,817 24,005 4.936 20,537 12,151 10,135 7,818 6,741 20,117 11,266 7,135 14,420 7,352 6,221 839 637 260 146 135
8,044,113 7,041,860 5,811,392 5,172,728 69,878 79,794 79,263 70,397 82,796 15,593 43,792 44,017 42,143 43,269 61,953 11,017 57,583 37,655 48,989 28,734 30,252 107,367 37,885 81,002 259,903 144,397 423,427
Income tax Tax from recomputing p rior y ear investment credit
Income subject to tax Net income or d efi cit
(4) 3,987 3,933
795,394 1,019,873 1,068,588 1,024,624 1,054,496 222,924 719,377 880,098 851,304 898,448 1,209,091 261,810 1,198,289 845,628 818,547 708,738 693,275 2,628,294 2,073,224 1,744,698 5,487,668 5,439,105 13,511,207 6,472,318 10,785,188 9,853,631 10,727,977 68,700,253
216 *61 -2 *97 *16
246,071 378,148 513,030 1,029,513 1,104,840
'253 988 '330 255 51 14 119
789 148,426 250 215 1,054
638 ,664 1,230,468 133,037 114,012 79,530
-
147,066 639,645 22
1,017,282 1,002,253
249 166 17,105 69
91 ,769 31,639 266,649
5 622,195 357,668 138,110 48,025 45,835 24,528 20,425 2,530 2,280 244
Total
(5)
134,630,929 159,213,286 152,317,931 151,694,067
3,933 3,933 '106 *754
uIncome taxed t normal tax and s flax rates
623, 864 6,895,355 551,772 242 ,156
Normal tax surtax, 'and alternative ax
Total
(7)
(6)
146,584,136 146,583,486 146,583,481 145,944,817 534,265 880,796 967,480 947,800 994,910 212,339 679,338 826,700 811,325 853,586 1,162,900 252,713 1,146,088 793,943 771,562 675,744 657,733 2,505,077 1,978,287 1,631,943 5,251,784 5,242,880 12,898,842 6,122,861 10,376,632 9,581,159 10,454,207 66,731,923
142,117,842 142,117,192 142,117,187 142,117,187 514,352 858,490 942,421 925,714 973,534 205,425 670,588 813,860 790,427 833,452 1,131,995 246,800
66,142,544 66,102,325 66,085,891 65,886,991 102,950 189,414 211,354 208,238 222,641 47,975 154,257 189,276 192,208 204,118 273,140 57,387
1,117,653 780,194 751,358 659,680 635,421 2,437,286 1,946,050 1,586,716 5,008,088 5,124,149 12,533,010 5,924,025 10,000,106 9,151,206 9,928,104 65,627,083
297,798 237,644 249,951 231,279 234,843 962,559 817,654 698,724 2,325,261 2,423,824 6,086,071 2,904,676 4,940,017 4,538,467 4,950,943 31,934,322
638, 664 15 -
-
198,900
15 -
16,434 14,444 11 , 100 1,767
272,055
65,768,061 65,768,061 65,576,606 100,870 188,120 208,891 205.956 220,115 47,386 152,556 187,823 190,752 201,911 270,914 56,857 294,889 235,655 247,651 229,205 233,475 956,951 812,333 693,434 2,309,624 2,409,777 6,052,797 2,893,153 4,905,034 4.518,317 4,921,393 31,830,767 191 ,455 -
Number ret msof ur
Amount
Number of returns
(9)
(10)
(11)
108,346 91,153 90,062
217,138 190,406 188,270
89,965 10,521 6,688 8,111 5,297 4,802 1,161 3,195 3,333 3,190 3,190 3,954 985 3,778 2,634 2,150 1,706 1,465 5,021 3,314 2,177 4,928 3,276 3,464 616 517 230 138 124
186,624 2,025 1,043 2,169 1,480 2,285 582 1,576 1,214 1,258 1,952 1,656 401 2,397 1,638 1,819 1,450 711 3,441 2,916 2,344 6,034 6,566 14,982 ***23,386 16,089 16,424 68,784
Amount (12) 706 630 574 574
608 535 532 532
' 1 44 -4 -4 -5
-4
' 30 -
' 12 -
-4 -4 -4 -4 ' 29 ' 38 .8 ' 17 ' 20
-4
'21
23
-7 39
7 8 9
14 73 223 -
97
1 , 646
-
1,091
2,136
'56
1,054 -
1,767 -
6,063,611 -24,582,357 -12,236
15 '1650 1650
-
-
-
-
-
-
1650 650
40,219
1215
17,193
26,732
76
73
1215
4215
-
-383 ,573 -123,048 -4,016,517 -3,193
-
-
13,778 6,035 25,833 35
-
82 -
579 -
-
17,105 -
25,833 -
69
35
3,963 639,571
-
-376,927 -19,789,911
-
-
358 -
-
-
-
-
-
53,715 39,718 29,367 49,328 49,190 142,832 71,394 318,658 248,051
-
-443,918 -1,146,237 -916,697 -1,573,008 -1,703,308 -4,093,299 -1,754,222 -6,031,419 -6,920,249
18 33 122 78 216 66 50 67 -
18 33 122 78 216 66 50 67 -
1,320 1,503 1,808 1,324 2,593 4,619 2,829 10,347 13,676
'7 -7
3,975 4,449 2,012 2,329 1,830 1,759 338 424 77
1,254 1,393 1,722 1,178 1,824 4,129 1,422 ... 13,810
'17 -3 -
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.'
*54 1
15
65,768,276
Tax from recomputing prior year work incentive (WIN) Credit
I
'14 29 1
'30 (1)
-4 -
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 12.-Income Subject to Tax: Number of Returns, Net Long.-Term Capital Gain, Net Income, Income Subject to Tax, Income Tax, Foreign Tax, Investment, and Work Incentive (WIN) Credits, and Coefficients of Variation, by Size of Income Taxed at Normal Tax and Surtax Rates, or Size of Deficit-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Income tax-Continued Income and tax status and size of income taxed at normal tax and surtax rates or size of deficit
Amount
Number of returns (13) Total .................................................................... Returns with net income, total ............................................... With normal tax, surtax, and alternative tax, total ............................ With income taxed at normal tax and surtax rates, total ... ............... Under $5,000 ............................................................ S5,000 under S10,000 ~ ............. .......................... .......... S10,000 under S15,000 ................... .......... ................... S15,000 under S20,000 ..................... ............................ S20,000 under $25.000 .......... ....................................... $25,000 .................................................................. S26,000 under S30,000 .................................................. $30,000 under $35,000 ................... .............................. $35,000 under S40,000 .................................................. S40,000 under S45,000 .............. ................................... S45,000 under $50,000 ~ ....................................... ......... S50,000 ....................................................... .......... $51,000 under S60,000 ..................... ................. .......... S60 ,000 under $70,000 .................................................. $70,000 under S80,000 .................................................. $80,000 under $90,000 .................................................. S90,000 under S100,000 ~ .... ........................................... $100,000 under $150,000 ................................................ S150,000 under $200,000 ................................................ $200,000 under S250 ,000 ............ ................................... S250,000 under $500,000 ..... .......................................... S500,000 under S1,000,000 ........................................... $1,000,000 under S5,000,000 ............................. .............. S5.000,000 under $10,000,000 ........................................... S10,000,000 under $25 ,000,000 ................. ........................
$25,000,000 under S50,000,000 ..................... .................... S50,000,000 under S100,000,000 ........ ............................... $100,000,GOO or more ................................. ................ Without income taxed at normal tax and surtax rates, but with alternative tax on long-term capital gain2 . ............. ................ ........... Without normal tax, surtax, and alternative tax, total ......................... With additional tax for tax preferences .... ................................ With only additional tax for tax preferences ............................. With only tax from recomputing prior year investment credit ............... With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive (WIN) credits ................. ...... ....................... .................. Nontaxable ... ............................................................. 3eturns without net income, total ........................................... With normal tax, surtax, and alternative tax ................................ Without normal tax, surtax, and alternative tax: With additional tax for tax preferences ..................................... With only additional tax for tax preferences ............................. With only tax from recomputing prior year investment credit _ .... ........ With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive (WIN) credits ......................................................... ......... Nontaxable . ~ ............................................................... Size of deficit: Under S5,000 ........ ...... ................ ........................... $5,000 under S15,000 ................................................... S15,000 under $25,000 ............................... .................. S25,000 under S50,000 .................... ........................... $50,000 under $100,000 ................................................. $100,000 under $500,000 ................................................ S500,000 under S1,000,000 .............................................. S1,000,000 under S10,000,000 ....... ................................ S10,000,000 or more ....................................................
Foreign tax credit
Additional tax for tax preferences
(14) 4,266 4,017 3,767 3,728 78 116 92 98 133 .6 31 28 27 37 91 26 163 67 19 154 123 482 379 238 541 280 219 20 25 6 9 10
156,522 143,323 129,028 123,229 55 251 244 802 241 -7 121 226 198 243 570 129 512 347 481 624 657 2,142 2,385 2, 933 9,585 7,474 113,253 4,012 19,089 4,047 1 3,053 34,548
Investment credit
Number of returns
Amount
mber of Nureturn s
Amount
Number of returns
Amount
(15)
(16)
(17)
(18)
(19)
(20)
6,137 6,137 6,137 6,109 616 529 114 180 272
19,987,724 19,987,724 19,987,724 19,965,311 157 321 84 239 604
'93 70 70
92 51
84
182
107 78 31 90 50 202 205 156 413 458 1,064 333 337 184 116 120
867 318 160 234 623 1,944 4,067 3,64 7 15 ,909 23,901 176,295 162,685 420 ,149 529,509 704,990 17,917,714 22,413 -
39 250 250 215 -
5,799 14~ ,295 14 ,295 11 , 100 -
28 -
-
-
-
-
-
249
13,199
-
249 166 -
24 23 21 51 58 22 29 10
Work incentive (WIN) credit
6,459,279
3,349
552,893 148,903 75 ,2 0 0 49 ,865 37,631 29,995 5,884 18,197 18,819 16, 780 16,243 19,416 4,232 17,138 10,567 8,296 6,637 5,894 17,791
6,409,375 18,077 40,382 37 ,522 36,428 34,518 8,971 26,516 31,601 28, 532 33, 199 41,137 8,773 49,378 34,441 33 ,091 28 ,222 24,463 93,310 66,759 54,022 158 ,072 157 ,853 461,219 272,359 584,674 721 , 494 747, 934 2,576,428
3,341
5,267
' 243
169
120 '69 '25
-4
10,305 6,510 13 ,534 7,076 6,009 825 622 254 142 128
-
-
-3 -
'14 -
' 241 .8 '84 118 71 63 '38 129 64 193 83 90 259 206 273 85 116 83 48 52
F
(21)
553,279
13 , 199 6 ,035 -
103 41 121 691 672 1 ,396 4 ,601
Income tax afterForeign tax, investment Investment and work and work incentive incentive (WIN) credits (WIN) credits Number of Number of Amount Amount returns returns
5,321
'23 177
732,725 715,279 713,919 713,259 200,555 102,950 71,440 50, 188 41,302 7,506 23,270 24,032 20,532 18 ,997 23,294 4,790 19,753 11,813 9,951 7 ,755 6 ,741 20, 096
(22)
(23)
39,689,753 39,649,572 39,633,138 39,507,038 84,716 148,542 173,649 171 ,567 187,444 38,930 127,637 157,406 163,613 170 ,5 0 2 231 ,763 48,526 247,375 202,823 216,666 202, 742 209, 685 866,857 746,707 640,926 2,150,841 2,241 ,741 5,448 ,098
(24)
733,747 716,301 714,941 714,281 201,106 103,082 71,455 50,239 41 ,350 7,510
59 ,677. 477 59,637, 296 59, 620, 862 59, 472. 349 84,873 148,863 173,733 1 7 1,806 188 ,048 39 ,004 1 127,7 8 157.498 163,664 170,853 231 , 945 48. 589 248, 242 203,14 216.8261 202,976 210,308 868.801 750 ,774 644,573 2,166,750 2.265.642 5,624,393 2,631 , 918 4.354,977 3,816,633 4,202,675 29,357,126
399 366 340 334 768
11,238 7,128 14,397 7,332 6, 194 834 633 259 145 134
2,469,233 3,934,828 3,287,124 3,497,685 11 ,439 ,412
23,271 24,037 20,537 19,027 23 ,297 4,794 19,792 11.824 9,951 7,755 6,741 20, 117 11.266 7,131 14,420 7,351 6 ,216 836 635 260 146 135
660 1,360 250 215 1,054
126, 100 16,434 14,444 11,100 1,767
660 1,360 250 215 1,054
148,513
-
17,446 18
40 , 17 181 7
17 ,446 18
40, 18 1 177
249 166
'66 58 '25 178 62 ' 34 81 72 448 121 129 439 329 459
16,434 14,444 11,100 1.767
-
-
17,105 69
13,778 6,035 25,833 35
249 166 17,105 69
13,778 6 ,035 25.833 35
-
-
-5
'358
-5
'358
-
-
4,007 4,471 2,029 2,375 1,887 1.801 356 440 80
1,320 1,503 1,808 1,324 2,593 4,805 2,829 10,323 13,676
4,007 4,471 2,029 2,375 1,887
1,320 1,503 1,808 1,324 2 .593
1,801 356 440 80
4,805 2,829 10,323 13,676
.A 0 ca
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 12.-Income Subject to Tax: Number of Returns, Net Long-Term Capital Gain, Net Income, Income Subject to Tax, Income Tax, Foreign Tax, Investment, and Work Incentive (WIN) Credits, and Coefficients of Variation, by Size of Income Taxed at Normal Tax and Surtax Rates, or Size of Deficit-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns with regular tax Income tax
Income and us and size of income taxed normal tax and tax atstat surtax rate of size of deficit
Number of returns
tax --:all Normal and surtax
Tax from recomputing prior year investment credit
Tax from recomputing prior year . work incen five (WIN) credit
Additional tax for tax preferences
(30)
(31)
(32)
(26)
(27)
(28)
(29)
844,233 844,211 844,211 844,211 310,208 125,293 78,654 54,393 43,512 8,150 24,126 24,902 20,831 19,015 23,311 4,597 18,764 11,038 9,039 6,886 5,934 17,311 9,397 6,042 11,836 5,713 4,356 477 272 81 36 37
77,693,747 77,705,983 77,705,983 77,705,983 769,181 988,914 1,031,664 991,143 1,013,159 213,682 695,248 840,820 807,273 841,719 1,141,455 236,493 1,062,911 750,042 707,229 607,393 580,193 2,182,686 1,693,448 1,430,490 4,253,350 4,086,959 8,823,808 3,514,474 4,369,767 2.961,197 2,475,160 28,636,125
75,157,606 75,156,956 75,156,956 75,156,956 512,619 852,357 935,804 916,271 956,017 203,750 660,382 794,491 770,834 799,727 1,099,425 229,850 1,019,974 708,734 670,237 581,630 558,665 2,095,034 1,623,453 1,342,165 4,106,857 3,961,666 8,537,482 3,330.372 4,197,595 2.853,490 2,377,499 28,460,576
32,658,323 32,658,108 32,658,108 32,658,108 96,440 181,060 202,008 197,994 211,320 45,493 148,960 180,475 181,025 189,583 255,096 51,666 263,445 211,933 217,224 198,971 200,636 810,519 674,386 579,427 1,844,171 1,844,650 4,063,392 1,596,222 2,018,106 1,372,358 1,144,730 13,676,818
32,554,782 32,554,567 32,554,567 32,554,567 94,405 179,965 199,720 195,870 208,931 44,966 147,294 179,286 179,741 187,871 253,547 51,243 261,032 210,702 215,666 197,756 199,587 806,700 671,011 575,785 1,835,202 1,835,794 4,047,902 1,593,013 2,011,570 1,368,688 1,140,716 13,660,604
75,257 75,257 75,257 75,257 1,995 956 2,033 1,390 2,163 520 1,559 1,062 lJ05 1,625 1,404 346 2,057 1,010 1,297 959 603 2,380 1,825 1,389 3,858 4,162 7,921 2,380 5,457 3,663 3,987 16,151
-
-
-
-
-
-
22 22
-12,236 -12,236
650 650
215 215
215 215
-
-
-
-
-
-
-
-
-
-
-7
-7
(25) Total .................................................................... Returns with net income, total ............................................... With normal tax, surtax, and alternative tax, total .............. ............. With income taxed at normal tax and surtax rates, total ................... Under S5,000 ..................................... . .............. S5,000 under $10,000 ................................................... S10,000 under S15,000 .................................................. S15,000 under $20,000 ........................ . . . . . ............... S20,000 under S25,000 .. - ~ .......................... ................. $25,000 ................................. . .. . . . . . .............. $26,000 under S30,000 ......................................... ........ S30,000 under $35,000 ......................... .. . . ............... S35,000 under $40,000 ............... .................................. S40.000 under S45.000 .... ...................... . ... ................ S45,000 under S50,000 ......................... . . . . ................ $50.000 ......................... ................ .... ............... $51,000 under S60.000 ......................... .. .. . ................ $60,000 under $70,000 .................................................. S70,000 under S80.000 ....................................... .......... $80,000 under $90,000 .................................................. $90,000 under S100,000 ......................................... $100,000 under $150,000 .............................. . ............... S150,000 under S200,000 .................. . .. . . . ............... S200,000 under $250,000 ...................... . . ..... ............... S250,000 under $500,000 ..................................... .......... $500,000 under $1,000,000 .............................................. S1,000,000 under S5,000,000 ................. ....... .. ............ $5,000,000 under $10,000,000 .................... .. ... ............... S10,000,000 under $25,000,000 .... $25,000,000 under $50,000,000 ................. .. . . ............. $50,000,000 under $100,000,000 ............ ..... . . . ....... _.. $100,000,000 or more ................... ... ... . . . . ........ .. . Without income taxed at normal tax and surtax rates, but with alternative tax on long-term capital gain,i ............... ................ Without normal tax, surtax, and alternative tax, total ......................... With additional tax (or tax preferences ..................................... With only additional tax for tax preferences ....... ..................... With only tax from recomputing prior year investment credit ............... With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive (WIN) credits .................... . . . . . .. . ... . . .. . . Nontaxable . ............. . .... . . .... . ... .. . . . . . . .. . Returns without net income, total ........................................... With normal tax, surtax, and alternative tax ............ ..................... Without normal tax, surtax, and alternative tax: With additional tax for tax preferences ....... ................... ... ....... With only additional tax for tax preferences ............................. With only tax from recomputing prior year investment credit ............... With only tax prior year work incentive (WIN) credit .... With tax from from recomputing recomputing prior year investment and work incentive (WIN) credits ........................ . . . . . ... .. . . . . . . Nontaxable .................. . . . . .. . . Size of deficit: Under S5,000 ........................ S5,000 under S15,000 .................. . . . . . . . . $15,000 under S25,000 .................... ... .. . S25,000 under S50,000 ........... .. . . . S50,000 under S100,000 ........... ... .... . .. . . . . . . . . . . . S100,000 under S500,000 ................. . . . .. . . . . . . $500,000 under S1,000,000 ................... S1,000,000 under S10,000,000 .......... . . S10,000,000 or more ............ . . .. . . . . . . .
Income taxed at normal tax and surtax rates
Net income or deficit
-5 -3 :3 -4
'-31 .-to,
Footnotes a[ end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
'78
Foreign tax credit
Investment credit
Work incentive (WIN) credit
Total income tax after credits
(35)
(36)
(33)
(34)
11,304,373 11,304,373 11,304,373 11,304,373 157 261 84 127 492
-6 22 -3 2 7 27 63
28,002 28,002 28,002 28,002 40 139 205 734 226 -7 103 114 179 75 145 77 356 221 261 256 446 1,414 1,530 2,240 5,096 4,688 7,547 '826 1,077 -
1,529 3,465 2,631 10,830 14,062 97,304 61,109 114,668 170,668 104,436 10.720,183
2,018,342 2,018,306 2,018,306 2,018,306 17,777 39,828 36,927 35,896 33,581 8,701 25,745 29,873 26,698 30,944 38,243 7,801 42,543 29,365 27,178 23,376 20,003 74,507 50.702 40,125 110,535 106,661 242,249 113,561 176,180 124,737 164,842 339,728
-
-
-
282 282 282 282 (1)
-4
88 48
861 194 'l 24 95
176 '12 '66 57 '25 166 62 '34 65 '70 418 91 116 314 270 295 224 159 99 87 99
19,332,242 19,332,165 19,332,165 19,332,165 78,506 140,802 164,898 161,967 177,179 36,718 123,115 150,338 154,267 158,258 216,722 43,784 219,875 182,312 189,888 175,435 180,206 734,065 620,128 536,555 1,722,492 1,723,657 3,723,544 1,421,328 1,727,099 1,076,854 875,365 2,616,808
-
-
-
'36
-2 -2
177 177
-
-
-
(1)
3,266 3,264 3,264 3,264 (1) -4
-7 -7
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 12.-Income Subject to Tax: Number of Returns, Net Long-Term Capital Gain, Net Income, Income Subject to Tax, Income Tax, Foreign Tax, Investment, and Work Incentive (WIN) Credits, and Coefficients of Variation, by Size of Income Taxed at Normal Tax and Surtax Rates, or Size of Deficit-Continued [All Wes are estimates based on samples-money amounts are in thousands of dollars] Returns with alternative tax
Income and tax status and size of income taxed at normal tax and Surtax rates or size of deficit
Number of returns
Net income or deficit
(37) Total .................................................................... Returns with net income, total ............................................... With normal tax, surtax. and alternative tax, total .............. ............. With income taxed at normal tax and surtax rates, total ................... Under S5,000 ........... ...... . ... ............ . ... .... ... . . $5,000 under S10,000 . . . . . S10,000 under $15,000 ....................... . . . . . . ...... . . . . under $20,000 ............. ..... . ............ ..... .... S15,000 S20,000 under S25,000 ...................... .................... .................. ................... ........................... S25,000 S26,000 under S30,000 ................. ..... .... .... . . . . . . S30,000 under S35,000 .............. ...... . .............. . . . . . . $35,000 under S40,000 ....................... .............. . . .. .. S40.000 under S45,000 - .................... .............. $45.000 under $50,000 ............................ ................... . S50,000 .................................... . .......... ...... S5000 under S60,000 .............. . ... ....... . . .. . . ... S60,000 under S70,000 .............. ... . . ........ - - S70,000 under S80,000 ......................................... . . . . S80,000 under $90,000 ............. .. ... . ..... .... ... .. S90,000 under S100,000 .................. . ................ . . . S100,000 under $150,000 ..................... ............ . . . . . .. $150,000 under $200.000 ..................... .............. . ... . . . S200.000 under $250,000 ......... . . ... . . ..... S250,000 under $500,000 ..... . . . . . . . . $500,000 under S1,000,000 ........... . .. .. ..... ... ... . . . S1.000,000 under S5,000,000 .... ............................... _.. - $5,000,000 under S10,000,000 ......................................... . S10,000,000 under S25,000,000 ........ ......... I ....................... S25,000,000 under $50,000,000 .................................. . . ... S50,000,000 under S100,000,000 .......... . ........... . ....... . S100.000.000 or more .......... _.. .. - .. . ... . . . Widhoul income taxed at normal tax and surtax rates, but with alternative tax on long-term capital gain' .................... I ...................... Without normal tax, surtax, and alternative lax, total ......................... With additional tax for tax preferences ..................................... With only additional tax for tax preferences ............................. With only tax frorn recomputing prior year investment credit ............... With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incentive (WIN) credits ................................... ..... . . .. . . . . ... . . Nontaxable ............................... . ......... .. . ... . . Relutms without net income, total ........................................... With normal tax, surtax, and alternative tax ............................... Without normal tax, surtax, and alternative tax: With additional tax for tax preferences ........................ .. . . .. . With only adclitional tax for tax preferences ... ............ ............ With only tax from recomputing prior year investment credit ............... With only tax from recomputing prior year work incentive (WIN) credit .... With tax from recomputing prior year investment and work incenWe (WIN) credits ..................... . ... . . ... . . . .... . . . . Nontaxable ...... .............. Size of deficit: UrKldf S5,000 ................. S5.ODO under S15,000 ............ .. . ... ... S15.000 under S25,000 ........ .. . . . S25.000 under S50,000 ...... .. - S50.000 under S100,000 ....... . . .. . . . . S100,000 under S500,000 - .......... . . S500,000 under S1,000.000 - .......... ... S1,000,0DO under S10,000,000 ............. . S10.000,000 or more ............... .
.
. . . . . . . . .
.
Income tax
Income subject to tax Net long-term capital gain taxed at Income taxed at alternative rates normal tax Amount an taxed at Total d rates surtax 25 percent rate
(38)
(39)
26,521 26,521 26,521 25,732 803 895 588 539 812 67 371 603 528 802 694 339 1,773 1,113 1,096 932 807 2,806 1,869 1,093 2,584 1,639 1,865 362 365 179 110 98
74,611,948 74,611,948 74,611,948
789 -
(40)
638,664 -
-
-
-
-
-
-
-
-
-
-
Footnotes at end of table. See text for "Explanation of Terms" and' Description of the Sample and Limitations of the Data."
(45)
(46)
(47)
(48)
191,455 -
623,864 -
. . . .
(44)
198,900 -
2,593,653 5,802,511 6,297,716 7,550,605 37,166,507
. . . .
Investment credit
(43)
*330 255 51 14 119
-2
Foreign tax credit
33,213,494 33,213,494 33,213,494 33,022,039 6,465 8,155 9,171 10,086 11,184 2,420
198,836 376,526 429,953 526,103 1,104,840
-
Additional tax for tax preferences
(42)
'308 '253 988
'200
Tax from recomputing . prior year work incen. live (WIN) credit
33,427,783 33,427,783 33,427,783 33,228,883 6,510 8,354 9,346 10,244 11,321 2,482 5,297 8,801 11,183 14,535 18,044 5.721 34,353 25,711 32,727 32,308 34,207 152,040 143,268 119,297 481,090 579,174 2,022,679 1,308,454 2,921,911 3,166.109 3,806,213 18,257,504
28,435 13,749 20,204 16,064 22,312 67,791 32.237 45,227 243,696 118,731 365,832
19,913 22,306 25,059 22,086 21,376 6,914 8,750 12,840 20,898 20,134 30,905 5,913
3,928 3,928 3,928 3,928 -
Tax from recomputing prior year investment credit
(41) 66,960,231 66,960,231 66,960,231 66,960,231 1,733 6,133 6,617 9,443 17,517 1,675 10,206 19,369 19,593 33,725 32,570 16,950 97,679 71,460 81,121 78,050 76,756 342,252 322,597 244,551 901,231 1,162,483 3,995,528
73,988,084 26,213 30,959 36,924 33,481 41,337 9,242 24,129 39,278 44,031 56,729 67,636 25,317 135,378 95,586 111,318 101,345 113,082 445,608 379,776 314,208 1,234,318 1,352,146 4,687,399 2,95-7,844 6,415,421 6,892,434 8,252,817 40,064,128
4,466,294 4,466,294 4,466,294 3,827,630
Total
Normal tax, Surtax, and alternative I ax
5,262 8,537 11,011 14,040 17,367 5.614 33,857 24,953 31,985 31,449 33,888 150,251 141,322 117,649 474,422 573.983 2,004,895 1.300,140 2,893,464 3,149,629 3,780,677 18,170,163
113,013 113,013 113,013 111,367 '30 87 136 90 122 '62 17 152 153 327 252 55 340 628 522 491 108 1,061 1,091 955 2,176 2,404 7,061 5,116 10,435 12,426 12,437 52,633 1,646
250 250 250 250 -
101,026
8,683,351
4,441,404
101,026 101,026 95,227
8,683,351 8,683,351 8,660.938
266 415 602 1,016 5,079 9,839 78,991
'12 7 46 160
'168 425 '52 156 126 220 368 211 728 855 693 4,489 2.786 10.706 3.186 18,012 4,047 13,053 34,548
4,441,404 4,441,404 4,391,069 300 554 595 532 937 270 771 1,728 1,834 2,255 2,894 972 6,835 5,076 5,913 4.846 4.460 18,803 16,057 13,897 47,537 51.192 218,970
101,576 305,481 358,841 600,554 7,197.531
158,798 408,494 596,757 583,092 2,236,700
-
5,799
22,413
50,335
'112 (1)
'68 '15 -
(1)
* '60 * '112 '112 -4 .3
(1)
(1)
(1)
-4 -
-3 .1
'36 -7 -6 '36
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 12.-Income Subject to Tax: Number of Returns, Net Long-Term Capital Gain, Net Income, Income Subject to Tax, Income Tax, Foreign.Tax, Investment, and Work Incentive (WIN) Credits, and Coefficients of Variation, by Size of Income Taxed at Normal Tax and Surtax Rates, or Size of Deficit-Continued [All figures are estimates based on samples-money amounts are in thousands of dollarsl Coefficient of variation (Percent) Net Income king-lenn taxed at capital gain normal tax taxed at and surtax allemati rates rates ve
Returns with alternative tax-Gontinued Income and tax status and size of i ncome s taxed at normal tax and urtax rates or size of deficit
Work incentive (WIN) credit (49)
Total .................................................................................................................................................................................. Rebuffs fivith net income, total ............................................................................................................................................................. With normal tax, surtax, and alternative lax, total ..................... .................................................................................................................... With income taxed at normal tax and surtax rates, total ............................................................................... ...... .................................. Under $5,000 .......................................................... .. .............. . .. .............. ..... ..... . ... ...... ........... $5.000 under $10,000 ...... ......... ................................ .............. .... ..... ............. . ....... . ...... ..................... $10,000 under $15,000 ..................... ....... ............................................................ .......... . ................... . $15,000 under $20,000 ..................................................... . . . .... ........ ..... ... . ... ......... ............. $20,000 under $25.000 ........................................................................................ . ......... . . ..... $25,000 ................................................................... - ......... . ... ....... . $26,000 under S30,000 ............................................................................................ . ............. . ..... S30.000 under $35.000 ................. . ................... . ...... . .. ........ . . ........... . ... ... $35,15DO under S40,D00 ........................ . . ... ........... .. ....... .. .. ........ . .......... S40,000 under $45,000 ..................... . . . . ........... - _ .. ....... . .. ..... $45,000 under $50,000 .......................................................................... ... . ..... ......... . $50,000 ......................... I ................. I ..... ... I ........... ........................... I ................................................................................... $51,000 under $60,000 ........................................................................ ........... -... . .. . ... ..... ........... . S60,000 under $70,000 ........................................... .. ......... .......... . .. . .......... . . . . . . ....... ...... S70,000 under $80,000 ................................ ... ....... . .. ....... . . .......... . . . . . . . . . . $80,000 under $90,000 ...................... ........................................... . ......... . $90,000 under $100,000 ............................................... .. ..... ......... ..... $100,ODO under $150,000 ...... ___ .................................... ........... ... ... . ..... . ..................... . ........................ I ................. ............. ....................................................... $150,000 under S200,000 .......................................... $200,000 under $250,000 ........................................ . .... . . . ......... . ... . ..... . . ..... ............... . $250.000 under $500,000 ....................... I ...................................................................................................................................... $500,000 under $1,000,000 ........... ................................. . ....... . ... .. . ........... . . ... . ....... ...... .... . $1,000,000 under $5,000,000 ............................... .......................................................................................................................... $5,000,000 under $10,000,000 ........................................................ - .. ..... ... ... ........ . . . . . . ... .................. . $10,000.000 under $25.000,000 ................. ............ .. . .... . . . ............. . . . - - .. ... . . . . . .. .. .. . . ............ $25,000,000 under $50,000,000 .............. . .... ..... ... ........... . ... . . ... . . .... ... ..... .......... . ...... . ...... . ... ..... . . . . .. ............ . - S50,000,000 under $100,000,000 .................................... $100,000,000 or more ........... _ .......................... .......... . ......... ......... . . . ........... ....... ............... .......... with alternative tax on long-term capital gain' ............................................................................... Without income taxed at normal tax and surtax rates, but ......... . . ............... . . ........................... ... Without normal tax, surtax, and alternative tax, total ........................................... .... With additional tax for tax preferences ...................................................... ... . ....... .. .......... With only additional tax for tax preferences .................... ....................................................... ............. . ................... ................................................................................. With only tax from recomputing prior year investment credit ....................................... With only tax from recomputing prior year work incentive (WIN) credit ................................................................................................... ___ .......... With tax from recomputing prior year investment and work incentive (WIN) credits ...................................................................................................... Nontaxable .............................. . . ... ... . . ..... . . - - - .. - - .. ......... ......... . . ... ..... - .... Returns without net income, total ......................................................................................................................................................... ..... . . ....... ............ . ........... . .. ...... ..... With normal tax, surtax, and alternative tax ............................... _ Without normal tax, surtax, and alternative tax: With additional tax for tax preferences ...................... .... . ....... . . . ....... .. . .... . ... ....... With only additional tax for tax preferences ...................................................... ........... .......... .... ... ......... ....... ... .. ..... ....... ... . ............... With only tax from recomputing prior year investment credit ............................................ ........... ......... With only tax from recomputing prior year work incentive (WIN) credit ............................................................................................................. With tax from recomputing prior year investment and work incentive (WIN) credits ...................................................................................................... Nontaxable ........................ . ....... . ...... .. . . .... . ................. . Size of deficit: Under S5,000 ......... ......... . ....... . .......... . S5,000 under $15,000 ........... ................ . . ....... ........... ......................... S15,000 under $25,000 ...................... . ... .. ..... : ................................. .... ............... .. ...... . . . ........ ... $25,000 under S50,000 .................... S50,000 under S100,000 ................ ............. ......... . ... . . . . . . ......... . .. .. ...... . S100,000 under $500,000 ...................... ... . . ....... - ................................................................................................... S500,000 under S1,000,000 _ ........ - ................................. $1,000,000 under $10,000,000 ........... . .... ..... ... ............ . ........ S10,000,000 of more ............ ........... . ..... ... . ...... ... .
Long-term capital gain from certain binding contr and inStallment act'. Salas Number of Amount returns
Total income tax after credits (50)
2,055 2,055 2,055 2,003 -
-7 -4 .1 .1 -
-2 30 '30 125 59 164 175 207 241 247 669
-
(51)
(52)
20,300,973 20,300,973 20,300,973 20,174,873 6,210 7,740 8,751 9,600 10,265 2,212 4,522 7,068 9,346 2244 5:041 4,742 27,500 20,511 26,778 27,307 29,479 132,792 126,579 104,371 428,349 518,084 1,724,554 1,047,905 2,207,729 2,210,270 2,622,320 8,822,604 126,100 -
197 197 197 197 .56 '13 '25 -
-
-
'200 -
.8 '216 '25 -4 -3 -4 -7 .9 -4 10
(54)
(53) 3,933 3,933 3,933 3,933 '106
'51 '97 '16 '308 '253 988
0.5 0.5 0.5 0.5 29.1 24.0 21.2 35.0 23.9 50.5 21.7 21.6 19.1 15.2 10.1 33.6 11.1 10.6 2.7 1 18.8 8.2 7.1 6.7 7.5 1.8 1.7
0.1 0.1 0.1 0.1 2.1 2.5 2.9 3.1 3.4 7.3 4.1 3.6 3.9 4.0 16 6.9 3.3 3.9 4.1 4.1 4.6 2.1 2.6 3.2 1.8 1.5 (1)
3 3 -
1 ;9 -
-
(1) 2.3 -
(1)
-
(5)
* Estimate Should be used with caution because of the small number of Sample returns on which it is based. .::Data deleted b.cause.f the small number of sample returns on which they were based. Deleted data are included in the appropriate totals, Identifies (a) size classes for which data were deleted because of the small number of sample returns on which they were based and (b) combined frequencies or amounts that include (he data thus deleted from another size class. -Less than S500 per raturn. ,includes returns wnhmcome taxed at alternative fates, and a tow returns of mutual savings banks, regulated investment companies or real estate investment trusts not eligible for alternative tax, but with capital gain taxed at alternative rates under special provision of the internal RevenueCode. -These amounts war. reported on returns of mutual insurance companies, except life or marine and certain fire or flood insurance companies, with an amount of income subject to normal tax and surtax of S6,000 or less, but with no normal tax and surtax under Internal Revenue Code section B21 (a). -These amounts were reported on returns without net income but w0mcome subject to tax by life insurance companies and banks with life insurance departments taxable under special provision of the lntefnal Revenue Code. 5EShmate is based on returns sampled at 100 percent and coefficient of variation is zero. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. Credits include foreign tax, investment and work incentive (WIN) credits. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(1)
-A
112
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 13.-Number of Returns, Selected Receipts, Net Income, Statutory Special Deductions, Income Subject to Tax, Income Tax, and Foreign Tax, Investment, and Work Incentive (WIN) Credits, by Size of Income Tax Before Credits [All figures are estimates based on samples-money amounts are in thousands of dollars]
Size of normal tax. surtax, and alternative tax before credits
Number of returns of active corporations, other than Forms and 1120-DISC 1120S
Total receipts
Net long-term capital gain cluced by nelre short-term capital loss
Dividends received from domestic corporations
DMicends received from foreign corporations
Net income or deficit
Total
Net operating loss deduction
We tern Hemi sphere Trade Corporation deduction
(1)
12)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Statutory special deductions
1,658,803
3,045,345,466
8,044,113
8,800,172
5,467,440
134,630,929
11,030,495
5,519,653
1,475,858
Returns with net income, total .................................
1,019,158
2,575,656,512
7,041,860
7,717,799
5,186,977
159,213,286
10,347,120
5,519,653
1,475,858
With normal tax, surtax, and alternative tax, total, .............
870,732
2,447,013,135
5,811,392
5,333,501
5,079,198
152,317,931
5,685.502
1,760,077
1,475,858
Under S6,000 ................................................ S6,000 under S10,000 ........................................ S10,000 under S15,000 .................. ................... S15,000 under S20,000 ...................................... S20,000 under $25,000 ...... ...............................
622,749 78,460 50,816 17,301 12,538
208,333,999 81,573,880 68,363,099 30,981,808 26,557,215
292,254 112,336 79,271 49,509 62,330
201,904 53,613 41,184 29,203 27,586
2,191 775 929 2,147 948
5,109,628 2,762,319 2,474,097 1,027,635 922,577
615,357 134,107 93,973 51,589 63,295
454,774 94,710 61,662 30,703 41,378
$25,000 under S50,000 .......................... .......... S50,000 under S75,000 ............... ...................... $75,000 under S100,000 ..................................... $100,000 under S250,000 ........................... ........ S250.000 under S500,000 ....................................
32.055 14,820 9,069 18.131 6,877
89,209,964 54,931,639 44,875,550 136,826,087 98,050,335
140,466 94,511 92,315 224,405 174,233
100,414 72,483 85,068 232,823 153,904
5,736 898 3,541 12,330 33,168
3,257,871 2,364,258 1,991,508 6,595,638 5,377,767
149,835 118,346 144,548 296,382 186,454
81,046 65,198 79,156 133,386 93,640
4,645 2,362
S500,000 under S1,000,000 .................................. S1,000,000 under S10,000,000 ..... .......... .............. S10,000,000 under S50,000,000 ........................ ..... S50,000,000 under S100,000,000 ............................. S100,000,000 or more .......................................
3,625 3,636 527 77 51
16,150,588 414,597,277 440,183,864 200,178,516 449,199,314
209,681 949,178 2,151,361 405,234 7714,308
223,246 1,077,285 1,459,564 425,091 1,150,133
30,892 465,445 975,609 995,571 2,549,018
5,593.945 22,351,395 24,522,431 11,307,462 56,659,400
232,201 970,217 723,656 215,416 1,690,126
84,412 382,183 129,424 13,632 14,773
6,839 33,443 73,986 46,759 1,305,507
Without normal tax, surtax, and alternative tax~ ................
148,426
128,643,377
1,230,468
2,384,298
107,779
6,895,355
4,661,618
3,759,576
-
280,463
-24,582,357
683,375
(1) 280,463
-12,236 -24,570,121
681~666
Total ......................................................
Returns without net income, total .............................
639,645
469,688,954
1,002,253
1,082,373
With normal tax, surtax, and alternative tax .................... Without normal tax,-surtax, and alternative tax ... ....... .....
22 639,623
200,894 469,488,060
1,002,168
1;078,207
Income subject to tax Size of normal tax, surtax, and alternative tax before credits
Total
(10)
Income taxed at normal tax and surtax rates
Net long-ter m capital gain taxed at alter. native rates
Total
(11)
(12)
(13)
Income tax before credits Tax from recomputing prior year work incentive (WIN) credit
(14)
(15)
1.034 '75
Additional tax for tax preferences
Tax from . recomputing prior year investment credit
Normal tax, surtax, and I alternati t ve ax
'20 -
(16)
Number of returns
Amount
(17)
(18)
Total ......................................................
146,584,136
142,117,842
4,466,294
66,142,544
65,768,276
217,138
608
4,266
156,522
Returns with net income, total .................................
146,583,486
142,117,192
4,466,294
66,102,325
65,768,061
190,406
535
4,017
143,323
With normal tax, surtax, and alternative tax, total, .............
146,583,481
142,117,187
4,466,294
66,085,891
65,768,061
188,270
532
3,767
129,028
Under S6,000 ...... ............................ ........ $6,000 under S10,000 ............................... ........ S10,000 under $15,000 ................... I ....... I .......... $15,000 under $20,000 ...................................... $20,000 under $25,000 ......................................
4475658 2:624:150 2,379,539 976,461 859,358
- 4471 576 2~614:018 , 2 355,447 954,401 831,063
4082 10:132 24,092 22,060 28,295
914973 582~769 576,688 293,225 277,528
904,387 577,132 572,341 290,946 274,969
9 37 5188 3,611 1,903 2,148
:50 29 * -4
382 95 302 202 158
1,399 420 736 372 411
S25,000 under $50,000 - ................................... S50.000 under S75,000 ... .................................. $75,000 under $100,000 ..................................... $100.000 under $250,000 ................... .............. $250,000 under $500,000 ....................................
3,108,750 2,248,178 1,853,227 6,301,307 5,198,136
3,015,505 2,173,085 1,797,299 6,101,402 5,041,497
93,245 75,093 55,928 199,905 156,639
1,132,653 905,965 784,786 2,799,974 2,402,422
1,125,498 900,432 778,960 2,784,091 2,387,966
4,897 3,257 2,338 7,101 7,175
-7
641 432 304 665 260
2,258 2,251 3,455 8,764 7,274
S500,000 under $1,000,000 ................................. S1,000,000 under $10,000,000 ~ .............................. $10,000,000 under $50,000,000 .............................. $50,000.000 under $100,000,000 ............................. $100,000,000 or more .... ..................................
5,356,910 21,340,354 23,800,145 11,092,042 54,969,266
5,191,333 20,451,902 22,236,893 10,686,808 54,194,958
165,577 888,452 1,563,252 405,234 774,308
2,514,812 10,100,312 11,201,599 5,285,053 26,313,132
2,499,709 10,040,082 11,136,028 5,250,262 26,245,258
7,155 28,725 37,772 23,470 44,393
21 35 87 10 213
146 144 26 5 5
7,927 31,470 27,712 11,311 23,268
Without normal tax, surtax, and alternative tax~ ................ Returns without net income, total
.............................
With normal tax, surtax, and alternative tax .................... Without normal tax, surtax, and alternative tax ................. I
(1) (1) (9
15
15
-
16,434
-
2,136
-3
250
14,295
1650
1650
-
40,219
5215
26,732
73
249
13,199
1650 -1
1650 -1
-1
5215 40,0041
~215 -1
(1) * 26,732
73 1
249 1
13,199
*
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
1
113
Corporation Returns/1975 RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 13.-Number of Returns, Selected Receipts, Net Income, Statutory Special Deductions, Income Subject to Tax, Income Tax, and Foreign Tax, Investment, and Work Incentive (WIN) Credits, by Size of Income Tax Before Credits-Continued [All figures are estimates based on samples-mone"mounts are in thousands of dollarsl Size of normal tax , surtax, and alternative tax before credits
Foreign tax credit Number of Amount returns (19)
Size of normal tax, surtax, and alternative tax before credits
(20) 6,137 6,137 6,137 1,577 338 275 76 60 294 159 221 512 473 489 1,172 378 63 50 -
Total ...................................................................................................... Returns with net income, total ................................................................................. With normal tax, surtax, and alternative tax, total' ................. ............... ..... .. Under $6,000 ........ .................. ... - .......... S6,000 under S10,000 .................... ..................... .. . S10,000 under $15,000 ..................... - ................ . ..... S15,000 under $20,000 ..................... ................ ...... .... ........... S20,000 under S25,000 ............... ........................... . .... - .... .. ... ... . . ........... S25,000 under $50,000 .............................. .................. S50,000 under S75,000 ............... ............................ . ..... .......... . .. . ........... . . .. .. ........... $75,000 under $100,000 ....................... ................. . .. . .. .. .. ........ S100,000 under S250,000 .. ....................................... ..... . ... $250,000 under S500,000 ........ .............................. ........ .. $500,000 under S1,000,000 ................................................ S1,000,000 under S10,000,000 ....... ................................. S10,000,000 under S50,000,000 __ ................................ .. . . . . .... .. S50,000,000 under S100,000,000 ~ ................................ .. . S100,000,000 or more ..................................... ................. . .. . . . . . ........ Without normal tax, surtax, and alternative tax, ..... ............................. ....... .. .. .. ........... Returns without net income, total ............................................................................. With normal tax, surtax, and alternative tax ............. .................................................. Without normal tax, surtax, and alternative tax ..................................................... ...........
Total ...................................................................................................... Returns with net income, total ................................................................................. ................... ................... With normal tax, surtax, and alternative tax, total' ............... Under $6,000 .......................... $6,000 under S10.000 .............................................. . ......... ... .. . .. .... ....... ... .... S10,000 under $15,000 .......... ............................. .. .. ... ... S15,000 under $20.000 ................................. - ....... ............ S20.000 under S25,000 - .... .......................................................... S25,000 under $50,000 .............................. ........ .......................................... S50,000 under S75,000 - ......................... S75,000 under $100,000 ...................... ___ ............... ............................. ........... S100,000 under $250,000 .......... ........................................................ ............. S250,000 under S500,000 ............ I ............................................ ......................... $500,000 under 51,000,000 .............................. .... . . ...... . . .. .. . . ............. S1,000,000 under S10,000,000 .................. ............ ....... - ..................................... S10,000,000 under S50,000,000 .............................................................................. S50,000,000 under S100,000,000 ...................................... ....................... .......... $100,000,000 or more ................................................................................... ... Without normal tax, surtax, and alternative tax'i ..... ......................... - ............................... Returns without net income, total ............................................................................. With normal tax, surtax, and alternative tax .................................................................... Without normal tax, surtax, and alternative tax ...............................................................
(21)
__(23)_
(22)
__(24)
19,987,724 19,987,724 19,987,724
553,279
6,459,746
3,349
5,321
934 486 921 264 428 2,041 1,712 5,022 15,983 25,476 47,017 577,219 1,477.912 1,075,426 16,756,883 -
349,648 60,098 40,186 13,726 9,885 27,342 13,098 8,181 16,872 6,579 3,490 3.533 512 73 49 -
174,638 99,770 89,460 41,999 38,044 119,707 79,308 61,351 184,095 154,844 172,391 998,130 1,692,625 558,034 1,995,314 -
999 335 161 80
352 264 230 42 '85 381 310 147 477 348 262 894 780 339 408 -
Normal tax, surtax, and alternative tax after foreign tax credit Number of Amount returns (25)
Work incentive (WIN) credit Number of Amount returns
Investment credit Number of Amount returns
Normal tax, surtax, and alternative tax after credits Number of Amount returns
(26)
Total income tax after credits Number of returns
(28)
(27)
311 137 106 318 179 133 310 161 29 20 -
(29)
869,915 869,893 869,893 622,174 78,429 50,782 17,296 12,527 32,035 14,810 9,042 18,103 6,851 3,608 3,601 513 73 49 -
45,780,552 45,780,337 45,780,337 903,453 576,646 571,420 290,682 274,541 1,123,457 898,720 773,938 2,768,108 2,362,490 2,452,692 9,462,863 9,658,116 4,174,836 9,488,375 -
699,422 699,405 699,405 460,376 73,513 48,391 16,602 12,056 31,879 14,805 9,042 18,090 6,847 3,601 3,571 511 72 49 -
39,315,485 39,315,308 39,315,308 728,463 476,612 481,730 248,641 236,412 1,003,369 819,102 712,440 2,583,536 2,207,298 2,280,039 8,463,839 7,964,711 3,616,463 7,492,653 -
22 22 -
1215 ~215 -
17 17 -
77 1 '177 -
732,725 715,279 713,919 472,386 74,691 49,100 16,873 12,238 31,944 14,810 9,042 18,101 6,855 3,616 3,612 524 76 51 1,360 17,446 18 17,428
Amount (30) 39,689,753 39,649,572 39,633.138 739,049 482,249 486,077 250,920 238,971 1,010,524 824,635 718,266 2,599,419 2,221,754 2,295,142 8,524,069 8,030,282 3,651,254 7,560,527 16,434 40,181 17 7 40,004
*Estimate should be used with caution because of the small number of sample returns on which it is based. * Data deleted because of the small number of sample returns on which they were based. Deleted data are included in the appropriate totals. -Excludes returns with only tax from recomputing prior year investment credit, tax from recomputing prior year work incentive (WIN) credit and/or additional tax for tax preferences . 'Includes returns with only tax from recomputing prior year investment credit, tax from recomputing prior year work incentive (WIN) credit and/or additional tax for tax preferences. 'Less than S500 per return. insurance companies, except life or marine and certain fire and flood insurance companies, with an amount of income subject to normal tax and surtax of S6,000 or less. but -These amounts were reported on returns of mutual Code Section 821 (a). with no normal tax and surtax under Internal Revenue ~These amounts were,.ported on returns without net income but w.th,ncome subject to tax by life insurance companies and banks with life insurance departments taxable under special provision of the Internal Revenue Code. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. Credits include foreign tax, investment and work incentive (WIN) credits. See text for "Explanation of Terms" and -Description of the Sample and Limitations of the Data."
114
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 14.-Number of Returns, Selected Receipts, Net Income, Statutory Special Deductions, Income Subject to Tax, Income Tax, and Foreign Tax, Investment, and Work Incentive (WIN) Credits, by Size of Income Tax After Credits [All figures are estimates based on samples-money amounts are in thousands of dollars] Number of returns coof active orpolations, ther than Forms 120S and 1120-DISC
Size of total income tax after credits
Statutory special deductions
(1) Total ...................................................... Returns with net Income, total ................................. With total income tax before credits, total ........................... With total income tax after credits. total .... ...................... Under S6,000 ................................................... S6.000 under S10.000 ....................................... ... S10,000 under Sl5.D00 ......................................... $15,000 under S20.DOO ......................................... S20,000 under S25,000 ......................................... S25,000 under $50,000 ..................................... 0., S50,000 under $75,000 ......................................... S75,000 under S100,000 ........................................ S100,000 under S250.000 ................................... ... S250,000 under S500,000 ....................................... S500,000 under S1,000,000 ..................................... S1,000,000 under S10,000,000 ................................... S10,000,000 under $50,000,000 ................................. S50,000,000 under S100,000,000 ......................... ...... $100,000.000 or more .......................................... Without total income tax after credits .............................. Without total income tax before credits ........ __ ...... ........... Returns without net income, total ............................. With total income tax before credits .............. .................. Without total income tax before credit ....... ................
1,658,803 1,019,158 872.092 715,279 494,485 71,804 38,755 15,619 11,156 30,340 13,747 8,405 17,173 6,551 3,412 3.317 442 49 24 156,813 147,066 639,645 17,450 622,195
Total receipts
Net long-term capital gain reduced by net short-term capital loss
Dividends received from domestic corporation s
Dividends received from foreign corporations
(2)
(3)
(4)
(5)
8,044,113 7,041,860 6.024.578 5.931,908 333,100 146,619 82,921 62,611 63.901 157.196 147.674 72,232 282,905 391,656 263,337 1.220,917 2,314,818 197,605 194,416 92,670 1.017,282 1,002,253 362682 639~571
8,800,172 7,717,799 5.754,298 5.708,799 321,259 176.456 51,887 29,123 42,340
5,467,440 5,186,977 5.101.110 4,979.893 24.771 7,639 6.357 2.655 3.034 19,377 18.865 7,127 84,789 70,706 97,757 1,015.506 1,390,794 518,851 1,711,665 121,217 85,867
3,045,345,466 2,575,656,512 2,485,765,754 2.398,343.017 203.066,980 79,733.963 55,210,442 30,136,918 24,483.646 99.631,325 60.115,180 43,160,152 160,564,153 116.682,560 113,124,770 602,185,287 428,593,575 123,641,806 257,992,260 87,422,737 89,890.758 469,688,954 180,187,845 289,501,109
131.481 127,590 84,853 303,876 278.187 307.569 1,408.669 1,239,784 325,913 879,812 45,499 1.963.501 1,082,373 507.403 574,970
(6)
280,463 221,588 58.8751
Income subject to tax Size of total income tax after credits Total
Income taxed at normal tax and surtax rates
(10) Total ...................................................... Returns with net income, total ................................. With total income tax before credits, total ........................... With total income tax after credits, total ........................ Under S6,000 .............. ...... .... ................ I ..... S6,000 under $10,000 ......... ................... ....... S10,000 under S15,000 ......................................... S15,000 under S20,000 ..... _ .......................... ....... $20,000 under S25.000 ............ _ ...... .................. S25.000 under S50,000 ....... ................................. S50,000 under S75,000 ....... ............................ .... $75,000 under S100,000 ............ ................. ......... S100,000 under $250,000 ........... ........................... S250,000 under S500,000 .............. ...... ............. ... S500,000 under S1,000,000 ~ .................... _ ..... ........ S1,000,000 under S10,000,000 .......................... ........ S10,000,000 under $50,000.000 ............. ................... S50,000,000 under $100.000.000 ..................... S100,000.000 or more .. ................. .................... Without total income tax after credits ............................. Without total income tax before credits ............. __ ............. Returns without net income, total ............................. With total income tax before credits ....................... .. ...... Without total income tax before credits ..............................
146,584,136 146,583,486 146,583,481 145,314,978 4,785,907 2.637.128 1,899.646 988,490 845.80B 3,269,974 2,293,368 1,840,130 6,587,732 5,923,053 5,871,548 46,690,147 28,602,430 10,419,475 22,660,142 1,268,503 ~5 :1650
Net long-term capital gain taxed at alternative rates (12)
142,117,842 142,117,192 142,117.187 140.875,542 4,774,282 2,621,593 1,871,383 962,345 813,541 3,165.350 2,193,929 1,782.907 6,357,375 5,656,460 5,648,177 45,549,492 26,791,022 10,221,870 22.465,726 1,241,645 ~5 ~1650 '650 -
(13)
4,466,294 4,466,294 4,466,294 4,439,436 11,625 15,535 28,263 26,145 32,267 104,624 99,439 517.133 230,357 266,593 223,371 1,140,655 1,811,408 197,605 194,416 26,858
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data." 0
Total
Net income or deficit
(7)
134,630,929 159,213,286 153.149.675 151.464,728 5.418.342 2.816,854 2,024,780 1,059,951 902.404 3,486,231 2,470,586 1,962,121 7,082,070 6,356,231 6,285,407 47,919,851 29.283.556 10,633,131 23,763.213 1,684,947 6,063,611 -24,582,357 -4,792.4 -19.789.E
11,030,495 10,347,120 6.683.575 6.264.980 674,674 252,447 125.031 71,400 64,881 228,098 194,640 122,548 504.964 433,607 407,518 1,197,907 670,545 213.652 1,103,068 418,595: 3.663,545, 683,375
Income tax before credits Tax from Tax from recomputing recomputing prior year prior year investment work incentive credit (WIN) credit
Normal tax surtax, and alternative tax (14)
(15)
66,142,544 66,102,325 66,102,325 65.735.741 1,039,556 604,382 493,941 315,496 285,141 1,231.237 937.731 78.6.291 2,949.599 2,739,437 2,759.502 22,264.411 13,474,014 4,978,623 10,876,380 366.584 -
65,768,276
40,219 40,219 -
-3215
65,768,061 65.768,061 65,401,477 1,028.677 598,299 489,438 312,974 283,249 1,221 096 930 ' 2.;26:845 2,720,105 2.738,690 22,166.511 13.397.501 4.965.187 10.841.578 366,584
1215 -
10,064 5,376 3,815 1,993 1.325 692 161 9':65'9 8,530 8,687 37.448 42,663 13,425 34,594
(8)
(9)
5,519,653 5,519,653 2,434.661 2.054,484 405.646 98.819 89,125 48,445 30,479 128,841 97.695 60,227 271.969 279,311 193,194 279.364 62.654 6.994 1.721 380.177 3,084.992
1,475,858 1,475,858 1.475.858 1.466.336 1.443 '48 1,007 '103 1,591 9.526 8.509 22,578 239,352 227,435 99.202 854,112 9,522
Additional tax for tax preferences Number of Amount returns (17)
(16)
217,138 190,406 190,406 190,406
Western Hernisphere Trade Gorporation deduction
Net operating loss deduction
Total
608 535 535 535 68 -4 -4 (1) :216 8
--
29 64 44 11 208 -
26,732 26.732 -
73 73 -
(18) 4,266 4,017 4,017 4,017 534 217 252 183 166 667
156,522 143,323 143,323 143,323 747 694 684 525 567 3.433
Je 693 280 139 131 18 -
JJV0 13,077 10.786 12,096 60.388 33,806 -
249 249 -
Corporation Returns/1975
115
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 14.-Number of Returns, Selected Receipts, Net Income, Statutory Special Deductions, Income Subject to Tax, Income Tax, and Foreign Tax, Investment, and Work Incentive (WIN) Credits, by Size of Income Tax After Credits-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Foreign tax credit Number of Amount returns
Size of total income tax after credits
(19)
(20) 6,137 6,137 6,137 5,115 996 399 76 74 80 279 177 185 469 488 442 1,064 321 42 23 1.022 -
Total ............................................................................................................... Returns with net income, total ......................................................................................... With total income tax before credits, total .......................... ..................... ......................... With total income tax after credits, total ............................. ............................................... Under S6,000 ....................................................................................................... S6,000 under $10.000 ............................................................................................. S10,000 under S15,000 ....... ............... .......................................... ...... .... S15.000 under S20,000 ............................................................................................ S20,000 under S25,000 ................... ........................... ............ ............................... S25.000 under S50.000 ...................................................................................... ..... S50,000 under S75,000 ............... ......................................... ............... .................. $75,000 under S100,000 ........................................................................................... S100,000 under $250,000 .~ .................. ........... ................................................. ............................................................. S250,000 under S500,000 ....... ............ S500,000 under S1,000,000 ........................................................................................ S1,000,000 under S10,000,000 ................................................................................... S10,000,000 under S50,000,000 .................................................................................... S50,000,000 under S100,000,000 ...... ............................................... .................... S100,000,000 or more ............................................................................................. Without total income tax after credits .... ....... ......... .................................. ................... Without total income tax before credits .......................................................... ....... ............. Returns without net income, total ..................................................................................... With total income tax before credits ..... ........................................................................ Without total income tax before credits ................... ............................................................
Investment credit N mber of Amount Ureturns (21)
19,987,724 19,987,724 19,987,724 19,811,472 22,579 6,053 5,051 5,027 11,321 21,698 27,992 12,569 90,240 205,527 153,583 11,987,561 2,849,910 1,067,230 3,345,131 176,252 -
Work incentive (WIN) credit Number of Amount returns
(22)
(23)
(24)
553,279
6,459,746
3,349
5,321
397,357 221,263 53,041 28,120 12,053 8,527 25,565 12,000 7,560 15,902 6,262 3,301 3,249 441 49 24 155,915 -
6,269,669 208,376 69,378 48,403 48,124 29,882 147,927 73,365 53,041 219,892 258,593 241,769 1,224,033 1,671,164 477,019 1,498,703 190,041 -
2,724 675 161 128 95 91 276 88 103 314 169 140 314 142 17 11 624 -
5,028 465 105 47 166 88 491 133 144 441 323 265 998 737 301 324 291 -
I
Size of total income tax after credits
Normal tax, surtax, and alternative tax after foreign tax credit Number of Amount returns (25)
Total .............................................................................................................. Returns with net income, total ......................................................................................... With total income tax before credits, total ............................................................... ............. With total income tax after credits, total ............................................................................. Under S6,000 .............................. ....................................................................... S6,000 under S10,000 .................................................................................... ___ S10,000 under S15,000 ............................................................................................ S15,000 under S20,000 ............................................................................................ $20,000 under S25,000 ............................................................. .............................. S25,000 under S50,000 ............................................................................................ S50,000 under S75,000 ............................................................................................ S75,000 under S100,000 ......... .................................... I .............. I .............................. S100,000 under $250,000 .......................................................................................... S250,000 under S500,000 .......................................................................................... S500,000 under SI.000,000 ........................................................................................ S1,000,000 under S10,000,000 ..................................................................... ........ ...... S10,000,000 under S50,000,000 .................................................................................... S50,000,000 under S100,000,000 .......................................................................... ....... S100,000,01010 or more ............................................................................................. Without total income tax after credits ................................................................................ Without total income tax before credits ................................................................................ Returns without net income, total ..................................................................................... With total income tax before credits ................................................................................... Without total income tax before credits .......................... ........................... .........................
Normal tax, surtax, and alternative tax aiter credits Number of Amount returns
(26)
(27)
Number of returns
(28)
869,915 869,893 869,893 713,829 493,271 71,758 38,716 15,600 11,150 30,302 13,723 8,393 17,147 6,539 3,408 3,307 442 49 24 156,064 -
45,780,552 45,780,337 45,780,337 45,590,005 1,006,098 592,246 484,387 307,947 271,928 1,199,398 902,549 768,217 2,836,605 2,514,578 2,585,107 10,178,950 10,547,591 3,897,957 7,496,447 190,332 -
699,422 699,405 699,405 699,405 479,142 71,613 38,651 15,577 11,141 30,265 13,717 6,392 17,143 6,537 3,405 3,307 442 49 24 -
22
215 215 -
17 17 -
22 -
Total income tax after credits
(29)
39,315,485 .39,315,308 39,315,3081 39,315,308 797,257 522,763 435,937 259,657 241,958 1,050,980 829,051 715,032 2,616,272 2,255,662 2,343,073 8,953,919 8,875,690 3,420,637 5,997,420 177 177 -
Amount (30)
732,725 715,279 715,279 715,279 494,485 71,804 38,755 15,619 11,156 30,340 13,747 8,405 17,173 6,551 3,412 3,317 442 49 24 -
39,689,753 39,649,572 39,649,572 39,649,572 808,136 528,846 440.440 262,179 243,850 1,061,121 836,241 720,537 2,639,026 2,274,994 2,363,885 9,051,819 8,952,203 3,434,073 6,032,222 -
17,446 17,446 -
40,181 40,181 -
*Estimate should be used with caution because of the small number of sample returns on which it is based. **Data deleted because of the small number of sample returns on which they were based. Deleted data are included in the appropriate totals. -Less than S500 per return. 'These amounts were reported on returns of mutual insurance companies, except life or marine and certain fire or flood insurance companies, with an amount of income subject to normal tax and surtax of S6,000 or less. but with no normal tax and surtax under Internal Revenue Code Section 821 (a), -These amounts were reported on returns without net income but with income subject to tax by life insurance companies and banks with life insurance departments taxable under special provision of the Internal Revenue Code. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. Credits include foreign tax, investment and work incentive (WIN) credits. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
116
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 15.-Investmeht Credit and Related Items, for Total Returns, and Returns With Carryover, by Size of Investment Credit [All figures are estimates based on samples-money amounts are in thousands of dollars)
Item
Total returns of active corporations, other than Forms 1120S and 1120-DISC (1)
Number of returns .... ...................................................... Business receipts ........ ................................................... Net income (less deficit) .................................................... Income subject to lax ..... ..................... ....... ....... ........... Income tax, total ............................................................ Normal tax, surtax, and alternative tax: Total .................................................................... After foreign tax credit .................................................. Investment credit ............................................................ Foreign tax credit .............................. I I .... .... ................. I . Tax from recomputing prior year investment credit ............... .......... Total assets ................................... - ........................... Depreciable assets ......... ................................................ Less: Accumulated depreciation . .......................................... Depreciation deduction ............................. ........................ Total cost of property used for investment credit ........................... Cost of new property . ~ ............................ ...................... Qualified progress expenditures ........................................... Cost of used property ... ........................................... Investment qualified for credit ................................ .............. Tentative investment credit: Number of returns ........................................................ Amount ......................................................... ......... Investment credit carryover .................................................. Unused investment credit: Number of returns ........................................................ Amount ................................................................... Returns with qualified property acquired or constructed prior to January 22, 1975 Number of returns ........................................................ Cost of property used for investment credit, total ......................... Cost of new property ................................................. Cost of used property .............................................. _.. Investment qualified for credit - ................................ ........ Tentative investment credit ...................... - ........... ........... Returns with qualified property acquired or constructed after January 21, 1975 Number of returns ........................................................ Cost of property used for investment credit, total ......................... Cost of new property ........................ .......................... Qualified progress expenditures ......................................... Cost of used property ............................ ....... Investment qualified for credit ....... ..................................... Tentative investment credit ....... ........... ...... - .............. Additional tentative investment credit: Number of returns ................................................ - ... Amount ................................................................. Returns with investment credit carryover: Number of returns ........................................................ Tentai we I .... .. me ZQr"7r'~'i'u`,ns' ....... ..... Amount ... ............................................ ................ Investment credit cafryover ............................................ ... Normal tax, surtax, and alternative tax after foreign tax credit .... - .... Investment credit .. ..................... ........ .................. ... Unused investment credit: Number of returns . ........... .................... ....... ............ Amount ....... ................. .................................... Returns with unused investment credit carryover: Number of returns ...... .............................................. Tentative investment credit: Number of returns ................................................ ..... Amount ................................................................. Investment credit carryover ..... ....... Normal tax, surtax, and alternative tax after, fore - * igr tax ' ' ' credit ' . ...... * .. .... Investment credit ................................... ..... ... - .......... Unused investment credit .... ......... ................................
Returns with investment credit, by size of credit Total
Under S500
S500 under S2,500
S2 ,500 under S6,000
$6 ,000 under S10,000
$10,000 under 515,000
S15,000 under S20,000
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1.658,803 2,811.540,742 134,630,929 146,584,136 66.142,544
553,279 2,074,426,823 142,998,247 138,324,753 62,974,217
301,457 173,717,397 6,515,946 6,232,776 1,905,961
158.994 203,526,770 8,389,218 8,052,023 2,870,269
45,954 104,143,294 5,110,778 4,935,108 1.960,472
18,802 74,473,394 3,716,612 3,584.232 1,514,579
9,749 53,354,615 2,920,036 2,798,664 1,226,188
4,240 36,582,954 2,075,260 1,996,381 907,605
65,768,276 45,780,552 6,459,746 19,987,724 217,138 4,219,194,485 1,250,189,710 1 471,916.584 83,751,347 110,842,147 98,656,212 9,564,241 2,621,694 93,559,865
62,697,341 44,272,976
2,858,666 2,851,336 198,091 7,330 6,113 212,277,296 33,582,698 16,020,407 2,878,371 3,059,155 2,634,823 7,030 417,302 2,234,309
1,948,218 1,941,290
1,506,141 1,495,207
6,459,746 18,424,365 175,990 2,906,905,197 920,798,676 347,539,465 62,603,246 87,984,367 78,381,954 7,737,794 1,864,619 74,400,505
1,900,747 1,896,133 (1) * 4,614 2,730 144,592,336 24,809,961 12,292,488 1,974,925 1,414,593 1,218,432 3,216 192,945 .838,741
171,998 6,928 6,187 148,157,723 21,598,769 10,082,188 1,953,664 2,518,811 2,144,117 12,921 361,773 2,002,938
135,021 10,934 5,037 98,062,613 15,474,862 7,059,872 1,382,662 1,838,482 1.592,856 6,755 238,871 1,498,946
1,218,585 1,207,861 112,722 10,724 4,726 76,871,181 12,451,335 5,559,117 1,123.249 1,559,184 1,375,791 7,572 175,821 1,295,975
902.518 876,083 71,596 26,435 2,881 60,831,598 8,415,749 3,704,643 774,550 973,795 892,966 5.893 74,936 800,994
739,076 8,586,453 4,079,164
527,811 6,858,373 1,617,882
282,693 34,316 14,894
154,010 218,686 48,639
44,904 191,075 50,158
18,312 143,338 32,063
9,695 123.115 22,738
4.203 76,495 16,601
290,334 6,220,380
62,924 2,031,018
22,038 49,210
19,469 79464
10,400 71,021
4,072 41,252
2,279 33,651
837 21,742
179,310 21,128.061 20,827,392 300,669 19,610,053 1,170,360
125,966 16,096,274 15,909,618 186,656 14,920,878 881,749
53,168 224,178 189,406 34,772 127,031 4,215
40,509 338,186 291,617 46,569 250,215 15,024
13,668 267,028 220,467 46,561 213,560 14,329
6,197 161.703 144,463 17,240 129,584 8,339
3,591 169,726 159,938 9,788 135,950 9,091
1.663, 112,551 109,008 3.543 89,102 6,003
696,225 89,714,086 77,828,820 9,564,241 2,321,025 73.949,812 7,311,940
501,701 71,888,093 62,472,336 7,737,794 1,677,963 59,479,627 5,886,506
261.930 1,190,415 1,029,026 3,216 158,173 711,710 30,089
149,562 2,720,969 2,343,206 7,030 370,733 1,984,094 203,520
44,290 2,251,783 1,923,650 12,921 315,212 1,789,378 176,714
18,216 1,676,779 1,448,393 6,755 221,631 1,369,362 134,924
9,600 1,389,458 1,215,853 7,572 166,033 1,160,025 113,991
2,029 104,153
1,329 90,118
692 12
323 142
56 32
53 75
4,180 861.244 783,958 5,893 71,393 711,892 70,482 .5
193,540
95,539
45,102
30,277
10,029
4,021
2,039
833
151,927 3,455,053 4,079,164 7,125,581 2,636,72
70,071 2,496,972 1,617,882 7 25581 2:636~ 1 72
26,338 8,667 14,894 66,779
25,293 28,076 48,639 129253 38:464
8,979 30,209 50,158 100308 37267
3,531 23,643 32,063 90333 28684
1,985 22,697 22,738 78433 23836
796 12,583 16,601 56646 14 216
126,274 4,903,034
28,273 1,483,671
9,639 23,561
8,456 42,599
4,914 43,675
1,993 27,230
1.122 21,733
361 15,022
114,419
16,418
7,147
4,580
2,337
816
452
192
95,081 1,401,678 3,503,903 544,228 313,436 4,592,145
13,225 443,597 1,042,621 544,228 313,436 1,172,782
5,217 5,041 14,894 2,329
3,728 11,485 28,186 7,002 5,928 33,743
2,019 11,589 33,0M 8,553 8,317 36,310
782 8,079 18,382 5,759 5,754 20,707
426 6,947 14,067 5,225 5,115 15,899
188 5,246 11,085 3,356 3,298 13.033
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
19,935
Corporation Returns/1975
L
117
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 15.-Investment Credit and Related Items, for Total Returns, and Returns With Carryover, by Size of Investment CreditContinued fAll figures are estimates based on samptes-money amounts are in thousands of dollarsl Returns with investment credit, by size of credit-Continued Item
S20,000 under S25,000
S25,000 under S50,000
S50,000 under S100,000
$100,000 under $250,000
(9)
(10)
(11)
(12)
-
S250,000 under S500,000
S500,000 Sl under .000,000
$1,000,000 Sl under 0,000,000
S10,000,000 or more
(13)
(14)
(15)
(16)
Number of returns ....... .............................................................. Business receipts .......... ............. .................. ........................... Net income (less deficit) ........................................ - .................... Income subject to tax .................. -1 .......... .............. I .... ~ .. - . I 1
2,624 27,358,540 1,493,599 1,432,853
5,688 89,032,280 5,275,555 5,064,155
2,630 89,091,187 5,147,191 4,848,479
1,534 145,471,225 7,769,105 7,376,627
591 97,304,704 5,243,972 5,040,873
361 92,753,807 6,747,207 6.575,037
565 485,271,355 49,601,219 48,758,006
90 402,345,301 32,992,549 31,629,539
Income tax, total ................. ............... .................... ...... .... Normal tax, surtax, and alternative tax: Total .... ................. .................................................. After foreign tax credit ............ .................................... _ ..... ....
657,353
2,356,588
2,284,469
3,517,594
2,393,605
3,134.739
23,225,978
15,018,817
653,883 644,326
2,343,145 2,296,801
2,272,199 2,214,556
3,484,754 2.946,737
2,384,626 2,203.875
3,122,473 2,820,994
23,162,106 11,220,692
14,939,280 9,657,085
Investment credit ......... ............................................................. Foreign tax credit ........................... ....... ................... Tax from recomputing prior year investment credit ................................ .... Total assets ................................... ___ ......................
57,271 9,557 1,872 41,342,875
193,806 46,344 8,179 159,231,566
178,659 57,643 6,770 147,421,439
236,341 538,017 8,694 214,989,681
205,526 180,751 6,188 132,683,927
251,640 301,479 8,495 194,880,462
1,754,007 11,941,414 46,768 729,005,118
2,893,066 5,282,195 61,350 546,557,382
Depreciable assets .. I I - - I. ~ ............ ... .... ............. I ... - ... ... Less: Accumulated depreciation .............. ....... ............................... Depreciation deduction ....... ........... ____ ............... ..............
6,884,557 3,024,420 594,752
22,588,933 9,725,965 1,988,035
23,511,646 10,004,203 2,052,499
38,220,751 15,404,133 2,901,864
29,549,213 11,827,188 2,378,479
40,322,514 15,662,995 2,733,806
276,984,042 96,217,146 17,453,607
366,403,646 130,954,700 22,412,783
Total cost of property used for investment credit ......... ........... ............. Cost of new property ....................... __ ........ ........................... Qualified progress expenditures .................. ................................... Cost of used property ........................... __ ........................... .....
814.018 763,314 50,032
2,661,635 2,524,464 7,223 129,948
2,499,361 2,405,811 14,336 79,214
3,559,163 3,436,667 62,916 59,580
2,615,116 2,574,740 14,159 26,217
3,621,567 3,469,469 134,615 17,483
24,977,706 22,712,695 2,230,918 34,093
35,871,781 30,635,809 5,229,568 6,404
Investment qualified for credit .... .................... ................................ Tentative investment credit: Number of returns ............ __ .................................................. Amount ................. .............. ...... ......................................
658,791
2,228,089
2,180,893
3,122,525
2,345,352
3,239,552
21,551,571
30,401,829
2,612 63,220
5,642 213,993
2,609 206,580
1,530 299,825
588 222,123
360 306,595
564 1,929,326
89 2,829,686
Investment credit carryover ................... ................................ ........ Unused investment credit Number of returns .......... ................ ....................................... Amount . ..................................... _ .... ............... - ......... .....
15,462
60,041
57,970
163,987
103,438
89,001
524,104
418,786
567 21,563
1,702 80,505
711 86,060
367 227,590
162 120,086
99 143,988
188 699,468
33 355,418
Returns with qualified property acquired or constructed prior to January 22, 1975: Number of returns ............................. Cost of property used for investment credit, total ....... ..* ..... .................... ..... . Cost of new properly ~ ................. ............. ....... ............ Cost of used property ............................................................. Investment qualified for credit ....... ............................................ ... Tentative investment credit ...........................................................
1,189 74,488 70,302 4.186 63,695 4,314
2,434 248,323 239,760 8,563 209,639 13,808
1,373 303,339 297,849 5,490 276,442 18,697
904 410,334 406,591 3,743 354,919 24,253
411 397,446 395,971 1,475 364,061 24,562
274 606,776 605,243 1,533 560,426 37,168
498 6,211,677 6,208,935 2,742 5,731,088 328,052
87 6,570,519 6,570,068 451 6,415,166 373,894
2.593 739,530 693,012 45,846
5,620 2,413,312 2,284,704 7,223 121,385
2,588 2,196,022 2,107,962 14,336 73,724
1,522 3,148,829 3,030,076 62,916 55,837
587 2,217,670 2,178,769 14,159 24,742
360 3,014,791 2,864,226 134,615 15.950
564 18,766,029 16,503,760 2,230,918 31,351
89 29,301,262 24,065,741 5,229,568 5,953
595,096 58,848
2,018,450 200,007
1,904,451 187,750
2,767,606 272,103
1.981,291 196,988
2,679,126 266,646
15,820,483 1,579,593
23,986,663 2,394,851
23 178
12 133
13 3,469
11 573
18 2,781
64 21,681
32 60,941
576
1,360
532
325
161
81
165
38
564 13,043
1,314 43,519
511 41,827
321 93,829
158 59,806
80 55,648
164 583,283
37 1,480,142
15,462 39,219 12,651
60,041 171,589 44,993
57,970 179,349 36,518
163,987 302,399 50,428
103,438 373,239 56,898
89,001 504,005 56,658
524,104 1,825,734 563,475
418,786 3,208,295 1,672,633
303 15,903
817 58,640
284 63,308
156 207,419
79 106,361
35 87,999
93 543,919
21 226,302 5
Returns with qualified property acquired or constructed after January 21, 1975: Number of returns ............................. Cost of property used for investment credit, totai .... .... ..* . '. * . ... ..* ......* ....... . Cost of new property .... ............. __ ..... ................................. Qualified progress expenditures .......................... ......................... Cost of used property ........ .................................................... Investment qualified for credit ........................ ............................... Tentative investment credit ...... .................. .......... ...................... Additional tentative investment credit: Number of returns ............. ................................................... Amount ............................................................................ Returns with investment credit carryover: Number of returns ................................................................... Tentative investment credit: Number of returns ................................................................. Amount ....... .................................................................... Investment credit carryover ... .................................................... ... Normal tax, surtax, and alternative tax after foreign tax credit ................ - .... Investment credit ..................................................................... Unused investment credit: Number of returns ............ ....... - .............................. Amount ............................................................................ Returns with unused investment credit carryover: Number of returns ................................................................... Tentative investment credit: Number of returns ................................................................. Amount ............ ...............................................................
142
433
148
75
37
18
36
135 5,942
423 19,500
137 23,097
75 65,443
36 23,480
18 24,395
36 187,376
5 45,977
Investment credit carryover ............................. ............................. Normal tax, surtax, and alternative tax after foreign tax credit ....................... Investment credit ... ........ ...................................... .................. Unused investment credit ............................................................
11,086 3,273 3,143 13,885
45,316 18,004 13,884 50,932
46,223 16,836 9,924 59,396
147,639 22,206 11,925 201,157
87,991 26,983 14,073 97,398
72,757 22,640 11,992 85,160
381,485 231,335 134,659 434,202
130,472 170,727 85,424 91,025
*Estimate should be used with caution because of the small number of sample returns on which it is based. -Less than S500 per return. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
118
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry [All figures are estimates based on samples-money amounts are in thousands of dollars]
Major industry
All industries .............................................. Agriculture, forestry, and fishing ................................ Mining ............................................................ Metal mining .................................................... Coal mining ..................................................... Oil and gas extraction ....................... .................. Nonmetallic minerals, except fuels .............................. Construction ..... ................ -* ..... * ... * ..... * ...... I ..... General building contractors and operative builders ............. Heavy construction contractors ...................... ......... Special trade contractors ..................... I ... I .............. Manufacturing .................................................... Food and kindred products ................. ................... Tobacco manufactures ........................ ................. Textile mill products ............. : ..... .... ...... .... - I I. I. I I. 1 Apparel and other textile products ............... .............. Lumber and wood products ..................................... Furniture and fixtures ........................................... Paper and allied products .......................... ....... Printing and publishing .................................... __ Chemicals and allied products .................................. Petroleum (including integrated) and coal products .............. Rubber and miscellaneous plastics products .................... Leather and 16ather products ................................... Stone, clay, and glass products .......................... __ ... Primary metal industries ............................. ........... Fabricated metal products ...... ....................... ... _ ... Machinery, except electrical .............. ...................... Electrical and electronic equipment ............................. Motor vehicles and equipment .............. ........... ....... Transportation equipment, except motor vehicles ....... ........ Instruments and related products ..... .............. ......... Miscellaneous manufacturing and manufacturing not allocable . _ Transportation and public utilities ............................... Transportation ........................... ....................... Communication ....................... ............ i ............. Electric, gas, and sanitary services .................. ........... Wholesale and retail trade ...................................... Wholesale trade ............... ................................. Groceries and related products ............................... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade ... ............................ Retail trade ........................................... ......... Building materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores .................. ................................ Automotive dealers and service stations ...................... Apparel and accessory stores ................................ Furniture and home furnishings stores ........................ Eating and drinking places .................................... Miscellaneous retail stores ... ................................ Wholesale and retail trade not allocable ........................ Finance, insurance, and real estate ............................. Banking .. ............................ ......................... Credit agencies other than banks ........... ............ Security, commodity brokers and services ... ................... Insurance .............. - ........ ................... ......... Insurance agents, brokers, and service ..... ................... Real estate . . ~ .................................................. Holding and other investment companies, except bank holding companies .................................................... 3ervices .......................................................... Hotels and other lodging places ......... ........... .......... Personal services ............................................... Business services .................. ............................ Auto repair; miscellaneous repair services ....................... Amusement and recreation services ............... : ............. Other services .................................................. 4ature of business not allocable ................................
Returns with investment credit items, other than Forms 1120S and 1120-DISC Cost of property used for investment credit
Number of returns of active cor. porations, other than Form 1120DISC
Number of returns
(1)
(2)
2,017,216 56,280 14,242 1,089 2,474 7,340 3.339 191,219 74.587 15.197 101,435
Number of returns
411,793 14,118 52,820 4,580 7,133 35,950 255,603
780,005 24,666 6,715 180 1.112 3,520 1,903 78,726 26,778 8,872 43,076 119,738 9,208 38 3,215 7,185 7,356 3,866 2,662 14,474 5,254 948 4,523 1,481 6,172 2,860 17,087 15,112 6,301 1,340 2,017 3,005 5,634 35,327 26,262 4,676 4,389 266,827 105,695 10,692 23,317 71,686 161,029 14,358 4,199 14,199 33.760 14,099 13,196 28,464 38,754 * 103 82,247 12,514 9,029 2,030 2,423 12,686 39,851
41,589 435,536 16,047 37,666 110,260 50,015 37,881 183,667 1,661
3,714 166,092 6,083 13,962 38,407 18,612 13,171 75,857 467
217,354 14,442 39 5,390 15,944 13,051 7,614 3,565 31,431 9,695 1,622 7,386 2,297 10,136 4,135 28,666 25,880 11,517 2,107 3,868 6,053 12,516 80,696 63,639 8,423 8,634 608,435 213,716 20,142 44,756 148,818 394,510 32,215 10,255 29,994 '67,626 36,793 35,529 76,935 105,163 209
Cost of new property Total
(3)
(4)
Amount (5)
110,842,147 1,079,578 3,175,618 318,165 827.923 1,615,925 413,605 2,943,249 830,198 1,258,745 854,306 47,142,968 3,529,601 394,012 809,987 249,027 1,551,378 171,088 2,191,094 1,092,100 . 5,792,027 9,725,607 850,443 79,105 1.537,417 4,630,639 1,738,314
693,744 22,122 6,041 167 1,065 3,207 1,602 69,192 23,520 7,717 37,955 109,088 8,780 38 2,791 6,569 6,495 3,679 2.618 13,293 4,909 675 4,110 1,424 5,469 2.722 15.440
3,805,762 3,254,631 3,254,849 1,187,022 904,711 394,154 36,942,262 7,296,327 12,056,750 17,589,185 9,446,591 4,331,414 542,850 843,195 2,945,369 5,112,288 211,715 1,104,251 1,201,705 773,128 169,908 121,944 821,325 708,312 *2,889 4,561,668 2,342,859 604,182 83,288 762,076 132,993 549,249
13,391 5,990 1,175 1,750 2,873 4,897 29,769 21,400 4,518 3,851 239,610 96,011 9,752 21,564 64,695 143,496 13,068 3,894 12,556 31,184 11,652 11,904 24,923 34,315 '103 71,330 12,312 7,818 1,396 2,060 11,291 33,307
98,656,212 960,893 3,049,075 295,369 793.229 1,577,384 383,093 2,543,988 733,716 1,113,055 697,217 41,457,977 3,429,722 392,984 778,856 231,934 1,426,207 155,178 2,089,329 1,021,158 5,203,256 5,892,936 825,326 72,669 1,437,910 4,251,389 1,630,127 3,710,643 3,224,572 3,242,794 1,172,259 891,941 376,787 32,251,062 6,927,167 12,021,050 13,302,845 8,735,889 3,940,544 501,853 776,555 2,662,136 4,792,483 183,517 1,098,822 1,160,100 675,787 163,324 113,879 750,247 646,807 *2.862 4,443,555 2,314,085 591,008 77,510 751,104 128,187 500,994
87,021
3,146
80,667
5,543,106 257,612 261,016 1,559,066 1,322,044 1,172,693 970,675
146,125 5,394 11,175 33,075 16,607 11,395 68,479 467
5,206,918 240,615 230,072 1,444,901 1,252,180 1,135,636 903,514 6,855
7,107
Footnotes at end of table. See text for "Explanation of Terms" and "De cription of the Sample and Limitations of the Data."
Qualified progress expenditures Number of Amount eturns (6)
(7) 4,670
(8)
136 25 4
9,564,241 4,104 26,319 19,850
581 202
1 10,514 2,704
260 1,210 61 '24 -6 *14 -6 37 38 103 145 4
3,125 4,995,022 32,756 -
170 19 262
*66,371 *43 79,579 11,320 563,412 3,817,191 1,048 '923 48,096 350,920 '4,333 12,754 1,541 -
332 86 *20 226 1,492 547 102 389 945
4,431,830 160.657 *23.586 4,247,587 83,828 56,680 * 1,614 633 54,433 27148 .1 :775
*24 333
Cost of used property Number of returns
20,469 '230
'1 54
Amount (9)
Investment qualified for credit (10)
210,170 9,674 3,359 117 550 1,733 959 29,921 8.950 4.385 16,586 42,392 3.819 29 1 158 1,531 3,913 1,319 1,039 4,457 1,551 395 1,700 402 2,350 1,132 6,466 5,625 1,767 571 975 759 1,434 12,655 10,287 906 1,462 65,105 31,948 2,925 6,381 22,642 33J56 4.297 387 3,547 9,258 1,781 2,050 4,801 7,035
2,621,694
6,530 7.835 69,606 59,342
~',892,562 282,917 719,938 1,505,605 384,102 2,284,567 647.112 1,024,658 612.797 39,524,296 3,200,841 371,632 772,474 220,647 1,419,529 148,892 2,037,467 973,876 5,125,192 6,595,668 769,563 67,796 1,407,382 4,199,357 1,594,333 3,325,270 2,599,745 2,501,319 1,089,849 776,321 327,143 32,168,690 6,632,906 11,853,545 13,682,239 7,782,357 3,476,323 432.092 617,004 2,427,227 4,303977 159:705 1,030,429 1,122,705 482,485 144,778 83,015 690,570 590,290
13,741 2,168 1,385 356 440 1.891 7,061
110,095 25,964 12,723 5,640 8,112 4,806 47,043
3,858,622 2,034,708 508,212 67,697 634,794 75,295 466,430
440 33,220 1,450 3,723 10,475 4,885 3,713 B,974 103
5,807 332,382 16,993 30.835 112,534 69,504 37,026 65,490 *252
71.486 4,154,961 224,489 181,350 1,216,487 676,239 1.044,371 810,025 5,026
114,581 100,224 2,946 29.537
388,747 93,778 141,005 153.964 689,169 .67.123 1,028 30,326 16,274 58,800 15,867 22,186 59,622 25,359 15,480 24,069 5,513 51,411 28,330 103,854 82,365 27,155 10,514 14,763 12,476 16,654 259,370 208,503 12,114 38.753 626,874 334,190 39,383 66,007 228,800 292657 26:423 5,429 40,420 76,872
93,559,865 888,784
273 49 44
8,018 2,610 451
6 68
2,860 1,212
621 -4
3,806 -4
181
1,631
*340
1.671
Corporation Returns/1975
119
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars) Returns with investment credit items, other than Forms 1120S and 1120-DISC-Continued 0 Income tax Normal tax, Tax from surtax, and Investment Normal tax, recomputalternative credit surtax and ing prior tax after Amount carryover Total alternative year inforeign tax credit tax vestment credit
Tentative investment credit Major industry Number of returns
All industries .............................................. Agriculture, forestry, and fishing ................................ Mining ............................................................ Metal mining .................................................... Coal mining .... . . .. .. Oil and gas extraction ................................... : ...... Nonmetallic minerals, except fuels .............................. Construction ...................................................... General building contractors and operative builders ............. Heavy construction contractors .................................. Special trade contractors ........................................ Manufacturing ...... : ............................................. Food and kindred products ..................................... Tobacco manufactures ..... .................................... Textile mill products ................................. .. ........ Apparel and other textile products ...... ....................... Lumber and wood products ..................................... Furniture and fixtures . . ~ ........................................ Paper and allied products ....................................... Printing and publishing ...................... ................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products .............. Rubber and miscellaneous plastics products ............ ....... Leather and leather products ................................... Stone, clay, and glass products ................................. Primary metal industries ......................................... Fabricated metal products ...................... ................ Machinery, except electrical ..................................... Electrical and electronic equipment ........................... Motor vehicles and equipment .................................. Transportation equipment, except motor vehicles ................ Instruments and related products ............... ............... Miscellaneous manufacturing and manufacturing not allocable ... Transportation and public utilities ............................... Transportation ................................................... Communication .................................................. Electric, gas, and sanitary services . ............................. Wholesale and retail trade ...................................... Wholesale trade ................................................. Groceries and related products ............................... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade . ~ .............................. Retail trade . .................................................... Building materials, garden supplies, and mobile home dealers General merchandise stores .......... ......... ............. Food stores ................................. ............... _ Automotive dealers and service stations ...................... Apparel and accessory stores .. ........ I ........ I ....... I .... Furniture and home furnishings stores ........................ Eating and drinking places .................... ............... Miscellaneous retail stores .................................... Wholesale and retail trade not allocable ........ _ ............. Finance, insurance, and real estate ............................. Banking ......................................................... Credit agencies other than banks ................... ........... Security, commodity brokers and services ....................... Insurance ....................................................... Insurance agents. brokers, and service ......................... Real estate .............................. ...................... Holding and other investment companies, except bank holding companies ..... ............. .. .. .......................... Services .......................................................... Hotels and other lodging places ................... ............ Personal services ............................................... Business services ................... : ........................... Auto repair; miscellaneous repair services ........ .............. Amusement and recreation services ............................. Other services .................................................. Nature of business not allocable ................................
1)
(12)
(13)
739,076 23,494 6,551 168 1,105 3,486 1,792
4,079,164 49,773 188,360 18,063 39,396 103,766 27,135 95,945 24,099 53,923 17,923 1,093,573 61,253 *1,140 29,917 7,436 33,466 6,206 10,618 17,140 77,596 368,521 13,438 5,917 40,711 139,423 32,207 85,443 49,123 11,377 78,200 14,085 10,356 1,760,636 1,198,788 71,699 490,149 198,299 64,136 11,571 13,980 38,585 134,163 4,009 31,478 36,744 10,403 4,736 4,117 27,588 15,088 -
76,049 12,450 8,274 1,626 2,256 12,330 35,869
8,586,453 63,653 278,146 25,621 69,682 145,928 36,915 215,818 59.338 99,979 56,501 3,740,502 300,932 35,463 72,573 20,610 130,721 13,980 191,808 92,777 464,530 655,205 70,877 6,317 131,183 388,088 151,154 313,139 248,932 249,692 100,903 70,329 31,289 2,813,640 643,452 1,092,125 1,078,063 721,113 318,794 41,161 58,048 219,585 402,138 14,445 100,688 107,836 42,563 12,779 6,791 63,849 53,187 * 181 355,337 193,606 39,214 6,532 61,550 6,061 41,803
3,244 154,330 5,759 12,001 35,858 17,619 12,324 70,769 467
6,571 377,836 21,051 16,618 114,922 63,453 92,468 69,324 408
8,361 431,109 20,357 9.006 153,160 67,007 156,260 25,319 *132
74,901 25,691 8,223 40,987 115,592 8,892 38 2,920 7,136 7,270 3,696 2,634 13,830 5,065 820 4,510 1,473 5,772 2,745 16,405 14,548 6,151 1,233 2,003 3,000 5,451 33,320 24,449 4,658 4,213 254,372 102,784 10,284 22,967 69,533 151,485 14,048 3,973 13,406 33,092 12,227 12,274 26,179 36,286
261,337 118,197 25,599 3,832 67,334 1,723 36,291
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(14) 64,557,413 330,144 11,371,545 72,055 606,265 10,573,893 119,332 1,248,585 405,609 453,404 389,572 32,284,012 3,374,876 656,947 424,479 463,012 362,186 193,255 1,019,959 1,208,130 3,890,292 7,633,385 440,603 144,833 514,419 1,282,643 1,631,705 3,727,053 1,754,598 1,562,738 620,808 942,268 435,823 5,103,885 1,153,674 1,716,086 2,234,125 7,689,133 3,834,055 373,318 836,704 2,624,033 3,850,372 220,392 1,283,984 679,177 352,997 255,446 115,488 314,962 627,926 * 4,706 5,021,441 1,487,462 760,449 277,300 1,931,101 138,066 342,122 84,941 1,503,649 101,082 106,502 510,914 120,011 358,617 306.523 5,019 1
(15) 64,199,410 326,897 11,325,655 65,471 588,295 10.559,915 111,974 1,237,360 402,502 448,684 386,174 32,117,108 3,364,647 656,505 422,016 462,363 356,143 192,979 1,014,372 1,205,026 3,879,353 7,585,112 438,899 144,596 508,097 1,264,894 1,627,762 3,714,648 1,733,875 1,552,771 617,759 940,742 434,549 5,065,577 1,142,534 1,697,678 2,225,365 7,664,465 3,821,110 372,191 832,804 2,616,115 3,838.654 219,589 1,282,202 675,763 350,049 255,080 115,232 314,026 626,713 '4,701 4,967,087 1,469,806 731,088 276,893 1,928,225 137,792 339,408 83,875 1,490,277 99,349 105,611 505,380 117,155 357,803 304,979 4,984
(16)
(17)
205,778 2,890 4,123 129 1,167 2,358 469 9,783 2,304 4,216 3,263 106,535 9,163 442 2,326 645 2,685 275 3,930 2,898 10,006 16,348 1,692 236 4,137 4,475 3,847 12,017 16,272 9,809 2,534 1,524 1,274 31,968 8,153 18,394 5,421 23,825 12,225 1,079 3,868 7,278 11,595 771 1,768 3,414 2,894 366 256 913 1,213 -5 14,019 5,761 3,675 190 2,661 261 1,256 215 12,600 1,525 891 5,507 2.829 578 1,270 *35
44,272,976 323,814 1,143,385 59,254 499,012 498,931 86,188 1,187,044 377,156 427,650 382,238 23,541,997 3,003,530 527,836 412,690 454,106 346,310 190,376 903,481 1,166,253 3,240,076 2,519,669 379,544 142,984 447,962 1,091,618 1,503,536 2,673,071 1,410,282 1,392,366 562,323 769,101 404,883 4,948,855 1,100,868 1,665,028 2,182,959 7,466,507 3,702,721 371,537 823,336 2,507,848 3,759,085 219,482 1,222,594 670,154 349,951 254,959 114,354 311,112 616,479 4,236,858 921,305 699,437 273,866 1,794,900 132,386 338,185 76,779 1,419,534 98,398 99,999 478,215 117.072 324,955 300,895 4,982 1
Investment credit
return -bar: - tJ
(18)
Amount
(19)
553,279 16,106 4,621 66 804 2,496 1,255 51,409 16,615 5,690 29,104 83,908 7,168 29 2,222 5,482 4,708 2,351 2,128 10,305 3,816 497 3,024 1,118 4,394 2,032 11,651 10,319 4,042 898 1,527 2,000 4,197 22,913 16,513 3,189 3,211 199,960 82,472 7,813 18,559 56,100 117,386 11,604 3,506 10,728 25,487 10,653 9,654 17,975 27,779 * 102 55,559 9,365 6,629 1,382 1,620 9,499 24,709
6,459,746 56,768 163,766 10,821 60,284 75,116 17,545 147,424 36,413 69,754 41,257 2,864,625 270,300 34,808 51,017 17,933 78,946 11,041 159,233 81,820 417,402 509,056 57,351 5,792 89,472 160,214 124,725 248,110 196,123 155,547 100,971 67,846 26,918 2,190,067 268,091 1,047,965 874,011 570,930 238,074 33,267 47,213 157,594 332,721 12,689 105,870 85,489 26,745 11,545 5,294 41,538 43,551
2,355 118,357
3,476 243,184 13,011 12,573 69,322 29,367 71,864 47,047 17C
3,306 9,906 26,953 13,199 7,990 57,003 446
222,812 123,994 30,910 6,230 27,770 4,138 26,294
120
Corporatloh Returns/1975
RETURNS WITH ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With .Carryover, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns with investment credit items, other than Forms 1120S and 1120-DISC-Continued Unused investment credit Major industry Number of ret urns
(20) All industries .............................................. Agriculture, forestry, and fishing ................................ Mining ............................................................ Metal mining .................................................... Coal mining .................................. .................. oil and gas extraction .......................................... Nonmetallic minerals, except fuels ........................ ..... Construction ...................................................... General building contractors and operative builders ............. Heavy construction contractors .................................. Special trade contractors ................................ ....... Manufacturing .................................................... Food and kindred products ..................................... Tobacco manufactures ........ ................................. Textile mill products ............................................. Apparel and other textile products .............................. Lumber and wood products ..................................... Furniture and fixtures ........................................... Paper and allied products .......................... ............ Printing and publishing ............................. ............ Chemicals and allied products .................................. Petroleum (including integrated) and coal products .............. Rubber and miscellaneous plastics products .................... Leather and leather products ................................... Stone, clay, and glass products .................... ............ Primary metal industries ......................................... Fabricated metal products .... ....................... .......... Machinery, except electrical ..................................... Electrical and electronic equipment ............................. Motor vehicles and equipment ..................... ............ Transportation equipment, except motor vehicles .. .............. Instruments and related products ............................... Miscellaneous manufacturing and manufacturing not allocable ... Transportation and public utilities ............................... Transportation ................................................... Communication ............. .................................... Electric, gas, and sanitary services ............. ................ Wholesale and retail trade ...................................... Wholesale trade ............................. ................... Groceries and related products ............................... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade . ~ .............................. Rcta;I trad. .................................................. Building materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ...................... Apparel and accessory stores ................ ............... Furniture and home furnishings stores ........................ Eating and drinking places ............................. % ...... Miscellaneous retail stores .................................... Wholesale and retail trade not allocable ........................ 9nance, insurance, and real estate ............................. Banking ......................................................... Credit agencies other than banks ............................... Security, commodity brokers and services . ~ ..................... Insurance ......... ................................ ............ Insurance agents, brokers, and service ......................... Real estate ..................................................... Holding and other investment companies, except bank holding companies ............................................... .... ervices .......................................................... Hotels and other lodging places ............ ...... ............ Personal services ............. ................................. Business services ................... : ........................... Auto repair; miscellaneous repair services ....................... Amusement and recreation services ............................. Other services .................................................. ilature of business not allocable ................................
290,334 12,437 3,178 120 558 1,456 1,044 33,548 11,337 4,680 17,531 47,779 3,105 1,467 2.167 3,374 1,834 931 5,768 1,820 499 1,970 468 2,718 1,147 7,175 6,130 2,766 535 688 1,193 2,009 19,185 14,268 2,481 2,436 83,063 29,483 3,634 5,924 19,925 53,579 3,056 984 4,829 10,278 3,941 4,094 13,731 12,666 30,286 4,064 2,789 793 845 3,735 16,567 1,493 60,837 3,298 5,943 15,671 7,684 6,612 21,629
Amount
preciable Deassets
(21)
(22)
Depreciation deduction
1
6,220,380 1,173,068,703 77,541 8,391,429 302,829 28,535,861 32,863 3,854,580 48,830 4,968,210 174,628 15,077,097 46,508 4.635,974 165,942 23,232,607 47,593 7,691,650 84,301 9,629,715 34,048 5,911,242 1,972,877 489,491,507 92,234 37,693,529 '1,799 3,782,044 51,529 12,157,146 10,259 3,058,398 85,295 14,225,312 9,385 2,407,619 43,295 20,795,219 28,626 13,053,119 124,956 55,590,753 514,682 89,847,036 27,010 10,032,318 6,457 1,370,289 82,558 17,987,753 367,368 58,784,018 59,123 19,157,333 150,815 38,007,758 102,223 29,514,131 105,546 33,881,110 78,174 14,074,098 16,648 9,267,718 14,895 4,804,806 2,384,806 430,336,061 1,574,665 88,017,984 115,912 119,692,241 694,229 222,625,836 352,450 84,198,140 147,116 31,143,343 19,659 4,234,184 25,415 4,600,355 102,042 22,308,804 - 1-1 -'_,.J0,DoD 5,901 2,690,926 26,333 16,631,665 59,342 11,152,634 26,751 5,992,745 6,036 2,038,454 5,650 1,314,587 50,083 6,936,444 25,191 6,278,130 '19,212 395,260 63,045,007 188,103 22,006,025 34,125 8,556,093 4,274 632,456 101,155 7,361,245 3,840 658,615 52,221 22,106,926 11,542 568,305 28,486 13,268 199,278 101,265 177,103 48,905 3
1,723,647 45,789,734 7,369,529 2,730,891 11,703,990 7,743,227 7,756,270 8,485,827
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
(23)
Returns with qualified property acquired or constructed prior to January 22, 1975 Gosti Of property ed for rivestment credit Investment qualified Cost of Cost of for credit Total new used property property
Number of returns
-
(24)
79,377,207 720,676 1,890,758 228,920 499,564 839,832 322.442 2,297,749 659,872 966,375 671,502 33,871,838 2,770,610 290,239 851,022 254,284 1,087,301 179,093 1,365,683 1,014,588 3,750,779 4,145,917 839,970 100,759 1,211,115 2,883,832 1,423,705 3,498,939 2,824,607 3,075,386 1,115,874 774,978 413,157 22,490,230 5,413,513 8,243,223 8,833,494 7,426,235 2,820,857 395,048 561,128 1,864,681 ------4,ouz,d~j 226,069 1,203,395 1,027,111 660,025 188,585 117,496 598,332 581,980
(25)
179,310 6,302 1,803 28 387 1,024 364 18,259 5,225 2,506 10,528 31,725 2,913 15 590 1,943 1,458 1,525 732 3,158 1,569 396 . 1,152 358 1,540 1,046 4,451 4,003 1,923 321 584 813 1,235 8,639 6,099 1,782 758 59,316 25,491 2,991 5,881 16,619 2,159 853 3,535 6,946 3,239 2,231 6,302 8,558
702,250 1,662,557 6,213,941 1,177,157 561,514 62,270 97,705 401,539 615,469 17,054 70,185 119,327 102,932 20,177 16,385 182,703 86,706
5,194,127 2,513,657 575,156 75,125 899,003 83,847 970,075
16,701 4,217 2,295 347 726 2,260 6,275
430,896 176,662 58,272 5,441 69,963 33,988 73,696
77,264 5,481,093 413,611 278,622 1,597,084 1,345,880 1,171,365 674,531 4,501
581 36,557 1,768 2,384 7,630 5,521 2,870 16,384 -8
12,874 970,210 36,771 35,419 191,708 194,099 345,537 166,676 *343
1
1
(26)
21,128,061 144,633 485,286 97,221 94,630 242,257 51,178 305,709 122,060 94,933 88,716 9,035,079 584,413 57,688 154,475 32,482 469,903 23,371 521,934 114,057 1,484,012 1,402.963 215,710 13,719 317,897 1,157,468 256,129 795,442 452,844 392,038 288,021 248,827 51,686 8,578,748
-N
(27)
(28)
Tentative investment credit
(29)
20,827,392 128,467 475,452 96,949 92,366 235,796 50,341 266,548 114,902 88,716 62,930 8,965,704 579,269 57,471 152,081 28,297 466,640 22,534 519,796 109,645 1,482,076 1,402,154 213,872 12,714 314,556 1,153,532 244,412 781,894 449,627 390,907 285,905 247,929 50,393 8,549,256 678,234 1,660,348 6,210,674 1,087,746 511,409 56,725 87,005 367,679 576, 1 79 14,751 69,377 114,279 94,633 18,027 15,300 169,543 80,269
300,669 16,166 9,834 '272 2,264 6,461 837 39,161 7,158 6,217 25,786 69,375 5,144 *217 2,394 4,185 3,263 837 2,138 4,412 1,936 809 1,838 1,005 3,341 3,936 11,717 13,548 3,217 1,131 2,116 898 1,293 29,492 24,016 2,209 3,267 89,411 50,105 5,545 10,700 33,860 39,290 2,303 808 5,048 8,299 2,150 1,085 13,160 6,437
19,610,053 130,232 448,796 95,471 77,942 227,030 48,353 227,570 96,105 74,881 56,584 8,541,711 553,945 56,422 151,184 28.640 459,288 20,949 504,934 106,442 1,466,135 1,383,252 202,099 12,313 308,905 1,133,466 241,093 682,840 329,760 351,030 265,341 236,704 46,969 8,203,312 641,193 1,641,144 5,920,975 942,734 458,422 48,179 70518 339:725 484,192 12,865 67,895 111,575 75,064 17,845 11,700 114,177 73,071
1,170,360 8,387 31,254 6,680 5,426 15,812 3,336 14,751 6,258 5,295 3,198 595,193 38,337 3,947 10,545 1 ,812 32,018 1 ,446 35,357 7,193 102,612 96,796 14,046 848 21,561 79,314 16,447 47,418 22,623 24,562 18,558 16,546 3,207 385,720 44 ,305 70,755 270,660 61,222 29 ,659 3,201 4,463 21,995 31 .555 812 4,704 7,567 4,631 1 ,004 641 7 ,627 4,569
422,030 174,752 57,452 5,152 69,547 33,074 69,706
8,866 1,910 820 416 914 3,990
335,196 140,150 50,120 4,140 59,840 5,419 65,102
~21,543 9 ,352 2 ,836 262 4,147 267 3,997
12,347 931,877 34,972 31,345 180,173 188,732 342,421 154,234 *312
527 38,333 1,799 4,074 11,535 5,367 3,116 12,442 *31
10,425 780,175 32,865 23,257 152,451 102,530 325,910 143,162 *327
682 52,270 2,156 1,449 10,183 6,788 22 ,442 9,252 *20
121
Corporation Returns/1975 RETURNS OF ACTIVE CORPORATIONS, OTHER THAN 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Major industry
Number of returns
(31)
(30) All industries .............................................. %griculture, forestry, and fishing ................................ Mining ............................................................ Metal mining ........................... ..... . ... Coal mining ............ .............. . .... ... Oil and gas extraction ....... ...... ................. . ....... Nonmetallic minerals, except fuels ................. ..... ... 'onstruction ...................................................... General building contractors and operative builders ............. Heavy construction contractors .......... - ........... ....... Special trade contractors ........................................ Vanufacturing .................................................... Food and kindred products ......... ........................... Tobacco manufactures ....... .................................. Textile mill products ........................... I. ... I ... ... ... 1. Apparel and other textile products ....................... ...... Lumber and wood products ..... .......................... Furniture and fixtures ................... - ........ ....... Paper and allied products ....................................... Printing and publishing ...... ......... .................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products .............. Rubber and miscellaneous plastics products .................... Leather and leather products ..................... ........... ... Stone, clay, and glass products ................................. Primary metal industries ........................ ................ Fabricated metal products ....................................... Machinery, except electrical ..................................... Electrical and electronic equipment ............................. Motor vehicles and equipment ................ - ............... Transportation equipment, except motor vehicles ................ Instruments and related products ... ........................... Miscellaneous manufacturing and manufacturing not allocable . . . Transportation and public utilities ............................... Transportation .............. ... ___ ........................ ... Communication ............... : .................................. Electric, gas, and sanitary services .............................. Wholesale and retail trade ...................................... Wholesale trade ......................... _- ... - - Groceries and related products ..... ..................... ... Machin", equipment, and supplies ........................... Miscellaneous wholesale trade ...................... ... ..... Retail trade ................................ ... ... . ... .... Building materials, garden supplies, and mobile home dealers General merchandise stores .............................. ... Food stores ......... .......... Automotive dealers and service stations ...................... Apparel and accessory stores ................................ Furniture and home furnishings stores .... ___ ............... Eating and drinking places .................................... Miscellaneous retail stores .......................... ......... Wholesale and retail trade not allocabte .................. ___ Finance, insurance, and real estate ............................. Banking ...... ........................ ................. ... Credit agencies other than banks ......................... ..... Security, commodity brokers and services ....................... Insurance ... ..... .................................. . ... . ... Insurance agents, brokers, and service ......................... Real estate .... ...... ........................... . ... .. ... Holding and other investment companies, except bank holding companies ...................................... ... .... Services .......................................................... Hotels and other lodging places ................................ Personal services ............................................... . Business servi ces .... .............. : .. .. .. - - __ Auto repair; miscellaneous repair services ....................... Amusement and recreation services ............................. Other services .............................. - ................. Nature of business not allocable ................................ 1
Returns with investment credit items, other than Forms 1120S and 1120-DISC-Continued Returns with qualified property acquired or constructed after January 21, 1975 Additional tentative Cost of property used for investment Tentative Investment investment credit investment Cost of Oualified Cost qualified usedof for credit credit Number of Total new progress Amount returns property expenditures property (32)
696,225 21,752 6,453 167 1,047 3,447 1.792 70,417 24,217 7,501 38,699 110,765 8,727 38 2,884 6,467 7,132 3,186 2,516 13,294 4,943 816 4,262 1,423 5,499 2,616 15,849 13,982 5,920 1,198 1,919 2.888 5,206 31,457 22,939 4,335 4,183 238,812 97,014 9,503 21,510 66,001 141,695 13,575 3,918 12,627 31,349 11,066 11,707 24,328 33,125 '103
89,714,086 934,945 2,690,332 220,944 733,293 1,373,668 362,427 2,637,540 708,138 1,163,812 765,590 38,107,889 2,945,188 336,324 655,512 216,545 1,081,475 147,717 1,669,160 978,043 4.308,015 8,322,644 634,733 65,386 1,219,520 3,473,171 1,482,185 3,010,320 2,801,787 2,862,811 899,001 655,884 342,468 28,363,514 6,594,077 10,394,193 11,375,244 8,269,434 3,769,900 480,580 745,490 2,543,830 4,496,819 194,661 1,034,066 1,082,378 670,196 149,731 105,559 638,622 621,606
77,828,820 832,426 2,573,623 198,420 700,863 1,341,588 332,752 2,277,440 618,814 1,024,339 634,287
71,540 12,292 7,836 1,505 2,158 11,585 33,063
4,130,772 2,166,197 545,910 77,847 692,113 99,005 475,553
32,492,273 2,850,453 335,513 626,775 203,637 959,567 132,644 1,569,533 911,513 3,721,180 4,490,782 611,454 59,955 1,123,354 3,097,857 1,385,715 2,928,749 2,774,945 2,851,887 886,354 644,012 326,394 23,701,806 6,248,933 10,360,702 7,092,171 7,648,143 3,429,135 445,128 689,550 2~294,457 4,216,304 168,766 1,029,445 1,045,821 581,154 145,297 98,579 580,704 566,538 -2,704 4,021,525 2,139,333 533,556 72,358 681,557 95,113 431,288
3,101 144,562 5,444 11,491 33,707 15,990 12,011 65,919 467
74,147 4,572,896 220,841 225,597 1,367,358 1,127, 4 827,156 803,999 6,764
68,320 4,275,041 205,643 198,727 1,264,728 1,063,448 793,215 749,280 6,543
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
(33)
(34)
9,564,241 4,104 26,319
90,390 2,674 27,273
10,514 2,704
349,586 86,620 134,788 128,178 619,794 61,979 811 27,932 12,089 55,537 15,030 20,048 55,210 23,423 14,671 22,231 4,508 48,070 24,394 92,137 68,817 23,938 9,383 12,647 11,578 15,361 229,878 184,487 9,905 35,486 537,463
3,125 4,995,822 32,756 -
79,579 11,320 563,412 3,817,191 1,048 '923 48,096 350,920 12,754 '294 4,431,830 160,657 '23,586 4,247,587 83,828 56,680 '1,614 633 54,433 27,148
101,229 24,054 11,903 5,351 7,696 3,892 43,053
5,991,713 10,212,401 7,761,264 6,839,623 3,017,901 383,913 546,486 2,087,502 3,819,785 146,840 962,534 1,011,130 407,421 126,933 71,315 576,393 517,219 * 1,937 3,523,426 1,894,558 458,092 63,557 574,954 69,876 401,328
5,280 294,049 15,194 26,761 100,999 64,137 33,910 53,048 *221
61,061 3,374,786 191,624 158,093 1,066,036 573,709 718,461 666,863 4,699
284,085 33,838 55,307 194,940 253,367 24,120 4,621 35,372 68,573 4,380 6,750 56,646 52,905
(1)
'1,185 20,469 54 1,272 8,018 2,810 451 1,212
3,806 -4 1,631 '31 1,671 -
1
(36)
(35) 73,949,812 758,552 2,443,766 187,446 641,996 1,278,575 335.749 2,056,997 551,007 949,777 556,213 30,982,585 2,646,896 315,210 621,290 192,007 960,241 127,943 1,532,533 867,434 3,659,057 5.212,416 567,464 55,483 1,098,477 3,065,891 1,353,240 2,642,430 2,269,985 2,150,289 824,508 539,617 280,174 23,965,378
2,321,025 98,415
1
(37)
7,311,940 75,254 244,496 18,742 64,256 127,919 33,579 200,837 52,860 94,676 53,301 3,081,771 261,583 31,516 62,009 18,798 95,649
5
2,197
256
230 .8 -2 63,538
'6 8
'21 3,398
54 14
3,247 37,167
'15 148 41
285 2,255
3 .8 '30 176 98 5 73 539 224 '24 141 315
10,137
36,042 1,124 972 33,946 821 460 302 361 .114 .8 -2
333,240 184,193 36,375 6,195 57,397 5,794 37,397
1
*35
104,153 *12 -2,396
383 -8 -
12,513 153,053 85,571 358,671 521,242 56,761 5,469 109,612 306,401 134,422 263,466 226,237 214,993 82,340 53,779 27,686 2,391,878 598,023 1,020,398 773,457 659,070 288,675 37,826 53,561 197,288 370,222 13,559 95,940 100,105 37,924 11,743 6,148 56,197 48,606
5.889 325,006 18,878 15,169 104,200 56,665 70,026 60,068 388
(38) 2,029 .8
1
-
-
148 14
554 61i
3 -7
7~ E
484
56(
197 *84
53~ -
122
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Oualifled for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars)
Major industry Number of returns
(39)
Returns with investment credit items, other than Forms 1120S and 1120-DISC-Continued Returns with investment credit carryover Tentative investment Normal tax , Investment credit Unused investment credit credit surtax. and Investment alternative c credit Number of tax after Number of Number of Amount arryover mount Amoun t returns foreign tax returns returns cfedit (41)
(42)
193,540
151,427
3,455,053
4,079,164
7,125,581
95,539
2,636,721
126,274
Agriculture, forestry, and fishing ................................
8,207
7,035
27,112
49,773
42,799
3,636
16,727
6,045
60,514
Mining ............................................................
2,055
1,891
133,336
188,360
159,385
1,245
59,542
1,335
262,164
Metal mining .................................................... Coal mining .................. *................................... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
34 292 1,072 657
22 285 1,038 546
12,572 21,890 80,124 18,750
18,063 39,396 103,766 27,135
'8,814 66,089 75,733 8,749
4 174 674 393
2,181 24,105 29,260 3,996
32 261 524 518
28 ,454 37 , 186 154 ,635 41,889
Construction .......................................................
19,877
16,052
73,430
95,945
163,369
9,419
51,196
12,762
118,880
General building contractors and operaWe builders ............. Heavy construction contractors ........... I .................. ... Special trade contractors ........... ............................
6,265 3,319 10,293
5,178 2,670 8,204
17,504 42,010 13,916
24,099 53,923 17,923
50,401 76,251 36,717
2,442 1,704 5,273
12,983 27,804 10,409
4 , 169 2,368 6,225
28,889 68,214 21,777
Manufacturing ....................................................
30,216
26,076
1,003,816
1,093,573
2,999,203
14,285
720,739
21,413
1,377,682
Food and kindred products ..................................... Tobacco manufactures .......................................... Textile mill products ............................................. Apparel and other textile products .............................. Lumber and wood products .....................................
2,261 -6 1,037 1,276 1,672
1,945 -6 742 1,227 1,586
74,006
61,253
324,769
65,331
29,917 7,436 33,466
40,917 43,867 73,606
13,221 3,897 22,646
1,588 -6 830 952 1,327
70 ,054
22,665 4,513 31,141
1,145 -4 499 584 561
1,094 531 4,383 1,233 310
924 503 3,739 1,044 182
3,235 50,074 10,381 113,723 317,566
6,206 10,618 17,140 77,596 368,521
22,249 211,471 86,006 470,136 374,587
369 271 2,381 552 40
2,386 48,381 9,627 135,664 178,632
806 480 2, 602 782 283
7, 064 12, 314 18, 169 55, 679 507,458
Rubber and miscellaneous plastics products .................... Leather and leather products .................................... Stone, clay, and glass products ................................. Primary metal industries ..... ................................... Fabricated metal products .................... ..................
1,057 371 1,615 470 3,993
1,044 363 1,218 355 3,314
28,834 2,606 36,693 87,082 21,060
13,438 5,917 40,711 139,423 32,207
90,757 55,306 50,711 134,553 109,739
326 124 1,128 212 1,850
26,217 2,487 19,479 28,894 19,070
982 344 1 ,058 358 2,883
16,064 6,038 57 ,988 197 ,617 34,309
Machinery, except electrical .... ................................ Electrical and electronic equipment ............................. Motor vehicles and equipment ...... ........................... Transportation equipment, except motor vehicles ........ ....... Instruments and related products ............... ............... Miscellaneous manufacturing and manufacturing not allocable ...
4.192 1,742 279 354 1,020 1,320
3,628 1,592 172 340 1,015 1,137
40,482 37,920 40,203 30,406 44,555 6,448
85,443 49,123 11,377 78,200 14,085 10,356
107,601 178,676 26,576 172,491 387,550 37,391
2,046 722 93 207 377 794
31,659 15,824 3,834 43,332 44,481 5,505
2,930 1,217 199 237 747 802
94 ,321 71 ,400 47 ,752 65 ,279 14 , 160 11,392
Transportation and public utilities ...............................
13,872
11,865
1,753,118
1,760,636
2,263,093
7,451
1,443,263
10,198
2,070,869
Transportation ................................................... Communication .................................................. Electric, gas, and sanitary services .... .........................
10,346 1,932 1,594
8,533 1,914 1,418
423,112 927,689 402,317
1,198,788 71,699 490,149
340,058 1,134,100 788,935
5,305 990 1,156
144,508 900,087 398,668
7,503 1,537 1.158
1 ,477 .756 99 ,310 493,803
Nholesale and retail trade ......................................
50,870
38.469
176.064
198.299
766,396
23,968
141,221
T% 1 14,; ------
232,152
Wholesale trade ................ Groceries and related products Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade ................................
15,588 2,569 3,180 9,839
12,677 2,161 2,830 7,686
76,726 8,097 10,089 58,540
64,136 11,571 13,980 38,585
278,188 29,921 36,528 211,739
7,336 1,112 1,278 4,946
53,524 6,231 5,749 41,544
10,141 1,769 2, 245 6,127
87, 906 13, 502 18, 413 55,991
Retail trade ................... Building materials, garden suppfe* s,* and mobide' ' lhome " " cietfiers ' General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ......... ............
35,282 1,821 871 3,330 5,464
25,792 1,511 645 2,537 4,796
99,338 1,541 17,310 34,483 7,452
134,163 4,009 31,478 36,744 10,403
488,208 12,787 102,653 89,697 15,543
16,632 823 591 1,886 2,807
89,697 2,106 26,178 23,032 4,639
22.992 1 , 128 415 2,133 3,375
144, 246 3, 458 22, 614 48, 227 13.425
Apparel and accessory stores ................................ Furniture and home furnishings stores ......................... Eating and drinking places .................................... Miscellaneous retail stores ....................................
3,306 2,557 9,052 8,881
1,434 1,635 6,821 6,413
2,818 1,520 17,049 17,165
4,736 4,117 27,588 15,088
45,047 7.627 57,819 157,035
1,354 1,211 4,055 3,905
3,075 1,138 12,501 17,028
2,043 1,725 6,528 5,645
4,481 4, 515 32, 152 15,374
All industries .............................................. .
Furniture and fixtures ................................. ...... Paper and allied products .............. .................. ..... Printing and publishing ....... ................................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
1
1
(40)
(43)
(44)
(45)
(46)
(47) 4,903,034
39 ,378 8 ,082 41,973
.....................
-
-
-
-
-
-
-
Finance, insurance, and real estate .............................
20,761
14,619
115,381
261,3i7
460,591
9,190
88,032
13,168
289,506
Banking ......................................................... Credit agencies other than banks ............................... Security, commodity brokers and services ................ ...... Insurance ......................... ............................. Insurance agents, brokers, and service ............ ............ Real estate ..................................................... Holding and other investment companies, except bank holding companies ....................................................
1,758 1,907 905 698 2,317 11,770
1,695 1,152 501 531 1,961 7,842
61,900 15,059 1,906 18,193 1,022 15,252
118,197 25,599 3,832 67,334 1,723 36,291
156,787 147,242 19,044 24,535 17,663 88,894
594 965 577 340 1,302 4,694
56,356 15,502 1,818 1.190 865 11,472
1,445 1,068 465 367 1 , 128 7,909
123, 790 25,272 4,054 84 ,349 2.063 40, 317
1,406
937
2,049
8,361
6,426
718
829
786
9,661
ervices ..........................................................
47,522
35,760
172,592
431,109
270,745
26,197
114,001
28,208
490,931
Hotels and other lodging places ................................ Personal services ...................... ........................ Business services ................... : ........................... Auto repair; miscellaneous repair services ...................... * Amusement and recreation services ............................. Other services ..................................................
2,221 4,810 12,392 5,143 4,445 18,511
1,897 2,849 9843 4:150 3,598 13,423
5,325 3,813 49,049 32,938 57,225 24,242
20,357 9,006 153,160 67.007 156,260 25,319
4,930 11,834 59,287 18,756 118,661 57,277
528 2,768 7,287 2,402 1,841 11,371
2,840 3.400 25,841 9,411 52,984 19,525
1,976 3, 155 7,963 3, 708 3,419 7,987
22, 889 9, 420 176, 798 90, 617 160, 539 30,668
ature of business not allocable ................................
*160
*160
*204
*132
Wholesale and retail trade not allocable
ootnotes at end or table, See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.'
(1)
'148
*12
Corporation Returns/1975
123
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 16.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit,.Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry-Continued [All figures are estimates based on samples--money amounts are in thousands of dollarsl
Major Industry
Returns with investment credit items, other than Forms 1120S and 1120-DISC-Continued Returns with investment credit carryover-Continued Returns with unused investment credit carryover Tentative investment Normal tax, credit surtax, and Investment Unused Number of alternative Investment C C redit investment returns Number of tax after credit Amount arryover credit returns foreign tax credit (50)
(51)
All industries .................................................................................... Agriculture, forestry, and fishing ......................................................................
(48) 114,419 5,311
95,081 4,695
1,401,678 16,966
3,503,903 42,965
544,228 4,001
313,436 3,049
4,592,145 56,882
Mining .................................................................................................. Metal mining ............................................................. .. ... . .. ... ..... .... Coal mining ... ................................................ ........ .. .. , _ . . . ...... .... Oil and gas extraction .......................................................... ................ .... Nonmetallic minerals, except fuels ................................................ .. . ... .... .... Construction ............................................................................................ General building contractors and operative builders ......................................... . . .... Heavy construction contractors ............................................. ...... . .. .. ...... . Special trade contractors .......................................................... . .................
1,172 31 234 445 462 11,636 4,001 2,069 5,566 18,792 1,334 -6 690 762 1,169
1,152 19 233 438 462 9,785 3,364 1,742 4,679
108,786 10,829 17,403 63,368 17,186 35,922 7,717 20,967 7,238 455,684 18,374
171,968 18,000 32,303 96,615 25,050 79,091 20,950 44,551 13,590 858,998 46,300 '1.140 27,865 6,222 32,038 5,191 7,704 14,241 30,188 268,757 12,068 5,188 37,397 130,404 25,607 72,596 44,461 10,910 64,686 7,598 8,437 1,536,075 1,147,631 57,200 331,244 167,917 52,006 9,408 11,407 31,191 115,911 3,000 29,762 32,413 8,454 3,784 3,542 23,646 11,310 -
47,356
24,693
27,172 18,254 1,071
13,849 9,525 877
9,689 2,223 6,322 1,144 115,109 2,746
6,337 1,336 4,078 923 62,038 2,133
256,061 28,387 35,857 150,458 41,359 108,676 27,331 61,440 19,905 1,252,644 62,541
2,443
1,655 '458 1,658 '413 906 1,049
241,592 107,965 21,634 3,124 66,676 1,543 32,387 8,263 405,165 19,808 7,599 142,936 64,921 151,733 18,168 *132
Manufacturing .......................................................................................... Food and kindred products ......................................................................... . Tobacco manufactures ......................... .......... .................................. .. ... . Textile mill products ................................................................... ............... Apparel and other textile products .............................................. . .......... ...... . Lumber and wood products ................................................ .... ........... .. .. Furniture and fixtures ........................................................................... . . . Paper and allied products ....................... ............................................ ........ Printing and publishing .............................................................................. Chemicals and allied products ....................................................................... Petroleum (including integrated) and coal products ..... ...................................... .. .... Rubber and miscellaneous plastics products .............................................. ...... .... Leather and leather products ..................................................... ... ............. Stone, clay, and glass products ........................................ ........ ......... ......... Primary metal industries ............................................................................... Fabricated metal products ................................................. ........................... Machinery, except electrical .......................................................................... Electrical and electronic equipment .... - ............................................................ Motor vehicles and equipment ........................................................................ Transportation equipment, except motor vehicles ...................................................... Instruments and related products .............. .............................. .. ..... ...... ....... Miscellaneous manufacturing and manufacturing not allocable ......................................... Transportation and public utilities ..................................................................... Transportation ............................................... ....................... ............. Communication ... .................................................................................... Electric, gas, and sanitary services .................................................................... Wholesale and retail trade ............................................................................ Wholesale trade ...................................................................................... Groceries and related products ....... ..................................................... .. .... Machinery, equipment, and supplies ..................................................... .......... Miscellaneous wholesale trade . ...... ....................................... ...................... Retail trade ........ ........................ ...... ... ....... ... . ...... .... .. ....... ... .. Building materials, garden supplies, and mobile home dealers ...................................... General merchandise stores ............................................................ .. .. ..... Food stores .......................... ............ .. . . ...................... ........ .. ..... Automotive dealers and service stations ............................................................ Apparel and accessory stores ..... ................................................................ Furniture and home furnishings stores .............................................................. Eating and drinking places ............... ................ ........... ...... ... . . .... . ...... Miscellaneous retail stores ...... ..................... ... ......... .. . ... ... ... .............. Wholesale and retail trade not allocable ........................................ ......... .. ...... . Finance, insurance, and real estate ................................................................... Banking ...................... ...................... .... .. .... .... .. .. .. - - - .. .... .. .. Credit agencies other than banks ................................... ..... ..... . ....... ......... Security, commodity brokers and services ...................... ............ ... ... ...... .. .... Insurance ........................................... . . . .... .......... .... ... ...... .. ... . Insurance agents, brokers, and service ............................... ........ ..... . .. .. ...... Real estate .......................................... .... . . .. ... .. . ... .. . ...... . Holding'and other investment companies, except bank holding companies ................... ........ Services ................................................................................................ Hotels and other lodging places .................................. ......... ... . . .... . .. ... Personal services ..................................................... .. .. ....... . ...... .. .... Business services ................................................ ... . .. . ..... .. .. ...... Auto repair: miscellaneous repair services .. ........................... . . ... ....... .. ..... Amusement and recreation services ............................ Other services ................................................. .. . .. .. .. .... .. ... .. .... Nature of business not allocable ......................................................................
(49)
802 342 2,352 750 277 839 339 828 346 2,528
16,802 1,133 -6 527 733 1,087 777 338 2,075 601 150 826 339 753 284 2,314
2,574 1,091 192 219 729 623 8,596 6,439 1,295 862 30,870 9,287 1,615 2,102 5,570 21,583 1,090 409 1,865 3,069 1,980 1,460, 6,301 5,409 -
2.256 956 139 219 725 564 7,490 5,448 1,290 752 24,329 7,836 1,343 1,868 4,625 16,493 970 237 1,411 2,730 900 1,197 5,011 4,037 -
12,048 1,685 10,678 2,145 5,211 4,414 16,624 198,239 4,523 1,003 21,459 48,355 9,566 30,211 26,697 30,706 7,352 3,151 3,020 492,686 297,566 22,583 172,537 84,942 37,074 4,517 6,759 25,798 47,868 551 12,223 15,167 5,098 794 851 9,025 4,159 -
12,736 1,326 1,027 462 363 1,107 7,665 786 25,294 1,915 2,636 2 3:365 3,163 7,388 *12
9,979 1,309 735 321 343 1,077 5,601 593 20,837 1,653 1,778 5,979 2,740 2,624 6,063 *12
76,142 37,431 9.034 1,311 17,746 652 7,948 2,020 130,346 4,330 1,534 37,084 27,143 50,865 9,390 '204
Footnotes at end of table. See text for "Explanation of Terms" and' Description of the Sample and Limitations of the Data."
(52)
(53)
(54)
'38,488 2,413 1,128
'12,863 1,493 '175 2,593 2,453 2,123 11,866 813 '272 'l 5,702 '316 *352 91,456 44,172 3,212 44,072 31,646 5,561 1,131 1,138 3,292 26,085 '367 19,385 1,868 893
1,887 2,127 -
'304 1,684 1,361 -
38,258 7,449 41,058 6,923 12,009 17,606 44,239 454,133 15,098 6,016 56,263 176,306 33,050 90,941 70,345 41,344 56,336 10,433 11,105 1,937,305 1,401,025 76,571 459,709 221,213 83,519 12,794 17,028 53,697 137,694 3,184 22,600 45,712 12,659 4,355 4,089 30,987 14,108 -
65,545 51,616 11,111 *563
34,453 26,386 5,652
283,281 119,010 25,016
1,253 660 107,405 2,065
'86 '157 1,166 622 59,764 1,446
11,967 5,963 83,433 3,653 -
8,146 4,976 42,516 1 2,286 1 -
84,336 2,038 39,169 9,661 475,747 22,692 8,809 171,874
2,957 '635 1,430 1,463 '25,549 1,759 4,922 4,549 3,295 23,468 1,384 '31,209 *370 137,417 81,820 4,843 50,754 57,706 10,428 1,437 1,373 7,618 47,278
160112 25,272 1336
124
Corporation Returni/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORM 1120-DISC Table 116.-Investment Credit Items: Number of Returns, Cost of Property, Investment Qualified for Credit, Tentative Credit, Carryover, Income Tax, Investment Credit, Unused Credit, Depreciable Assets, Depreciation Deduction, and Returns With Carryover, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns of Small Business Corporations, Form 1120S, with investment credit items Cost of property usable for investment credit Major industry
Number of returns
Cost of new property Total Number of returns
(55) All industries
(56)
(57)
oualified progress expenditures
Amount
Number of returns
(58)
(59)
Cost of used property I
Amount
Number of returns
Amount
(60)
(61)
(62)
Depreciable assets
(63)
Depreciation deduction
(64)
..............................................
161,195
2,954,800
145,683
2,381,564
776
6,319
50,132
566,917
20,298,762
1,987,727
Agriculture, forestry, and fishing ................................
10,990
342,336
10,276
288,351
*33
'72
4,555
53,913
2,369,627
225,406
............................................................
1,402
198,644
1,204
161,323
-4
*18
1,113
37,303
699,692
97,093
Metal mining .................................................... Coal mining ................... oil .............................. and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
117,017 51,056 27,788
-7 387 503 307
105,958 34,631 18,651
-4 -
-
413 666 312
-7 356 570 180
' 700 11,041 16,425 9,137
'16.315 317,431 187 ,971 177,975
* 1 ,200 56 ,492 22 ,031 17,370
Construction .......................................................
18,848
324,867
16,485
259,471
General building contractors and operative builders ............. Heavy construction contractors ... .......... ................... Special trade contractors ........................................
5,983 1,724 11,141
74,819 92,994 157,054
5,095 1,593 9,797
57,775 73,488 128,208
-4
Manufacturing ....................................................
17,556
430,531
16,334
342,643
198
Food and kindred products ............................ ........ Tobacco manufactures ............. ............................ Textile mill products ............................................. Apparel and other textile products .............................. Lumber and wood products . .......... ........ - .............
1,499 163 1,445 1,421
52,653 9,519 9,040 48,548
1,487 163 1,378 1,372
46,390 9,224 6,967 40,770
'37 -
Furniture and fixtures . ~ . . ~ ...................................... Paper and allied products ........... ........................... Printing and publishing .......................................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
712 187 3,092 676 '77
4,332 6,444 69,452 21,183 * 3,884
712 96 2,907 622
4,090 2,410 55,150 13,342
Rubber and miscellaneous plastics products .................... Leather and leather products ......................... ......... Stone, clay, and glass products Primary metal industries .............. I ................ Fabricated metal products .......................................
602 *229 863 289 1,740
14,937 *1,195 42,384 19,418 49,042
602 681 287 1,600
Machinery, except electrical ................ .................... Electrical and electronic equipment ............................. Motor vehicles and equipment ................................... Transportation equipment, except motor vehicles ................ Instruments and related products ............................... Miscellaneous manufacturing and manufacturing not allocable ...
1,675 779
31,157 11,594
101 441 1,474
Transportation and public utilities ............................... Transportation ................................................... Communication .......................................... Electric, gas, and sanitary services ..............................
Mining
-
7,524
65,346
1,819,981
220,069
-5 -
2,152 1,073 4,299
17,039 19,506 28,801
439 ,274 583,269 797,438
48 .470 65 ,170 106,429
-2,231
5,236
85,657
3,407,174
296,186
5,973 *295 1,280 7,710
481 , 241
37, 773
'793
442 '29 329 457
119,384 106,883 449,094
8,850 9 , 188 49,668
-
-
'161 108 865 148
*242 '4 ,034 14,302 7,841 1, 577
30,572 56,719 391 ,795 100,526 *24,314
4 ,033 3 ,613 32 ,973 7 , 139
13,927 '409 31580 18:569 34,986
*13 -
-2 -
436 70 772
1,008 *786 10,704 849 14,056
98 ,077 *27 ,167 304 ,189 115 ,317 341.290
10 ,670 '2, 266 25, 858 9, 597 28,314
1,597 696
26,564 9,992
'58 -
'988 -
323 215
9,725 7,161 17,895
97 441 1,368
7,518 6,997 10,517
430
3, 605 1,602 *134 *2,207 164 7,288
246 ,819 94 ,241 '15 ,158 232,113 33,927 138,348
24, 251 8,062 1 ,484 12,938 3, 149 14,323
8,143
309,864
6,332
229,473
*366
3,992
80,025
1,550,414
177,425
6,247 1,343 553
252,233 42,989 14,642
4,544 1,289 499
179,098 36,832 13,543
3,541 -
-
72,769 -6,157 -1,099
1 , 136,148 260,724 153,542
138,892 23,564 14,969
330
3,067
16,280
135,080
5,294,326
519,613
-
4,686 595 1,176 2,915
37 ,035 4,003 11,922 21,110
1 ,800,716 246,735 311 ,857 1,242,124
192 ,083 26,062 38 ,696 127,325
11,594 932 172 842 2,370
98 ,045 6 ,385 *820 11,556 15,856
3 ,493 ,610 314 ,956 48,719 417,946 710,083
327 ,530 26 ,435 4.055 37,316 74,423
485 727 2,552 3,514
119 ,308 116 ,610 1 , 140 ,396 625,592 -
11 ,229 12 ,337 98 ,455 63,280
,
-4
60,240
773,818
55,058
635,671
Wholesale trade ............... ................................. Groceries and related products ................. ....... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade .............................. -1
18,178 2,011 4,340 11,827
283,148 35,417 63,432 184,299
16,949 1,876 3,996 11,074
245,469 31,414 51,510 162,545
Retail trade ........................ ............................ Building materials, garden supplies, and mobile home dealers General merchandise stores ....................... .......... Food stores ................................................... Automotive dealers and service stations .......................
42,062 2,993 668 2,978 7,991
490,670 32,356 5,591 bv 141 91:354
38,109 2,828 644 2,?48 7,263
390,202 25,964 4,666 47,585 75,370
'289 -4 107
'2,423 -7 '105 128
Apparel and accessory stores ................................ Furniture and home furnishings stores ........................ Eating and drinking places .................................... Miscellaneous retail stores ........... - ......................
2,812 2,940 10,539 11,141
12,976 14,593 155,399 119,260
2,544 2,723 9,500 9,859
-
-
-
-
861 1,740 31,542 29,285 -
*25
2,507
13,731
461,457
45,704
-
*145
*4.320
764 1,235
'422 1,525 5,717
* 1 ,823 21,649 3 ,339 '11,376 78,301 322,187
1 ,850 792 1 ,465 10 ,894 26 ,768
Wholesale and retail trade
......................................
........................
-
-
-
12,115 12,519 122,666 89,317 -
inance, insurance, and real estate .............................
8,502
89,567
7,878
75,806
Wholesale and retail trade not allocable
Banking .............. ...................... .......... Credit agencies other than banks ..................... ......... Security, commodity brokers and services ...... ................ Insurance ....................................................... Insurance agents, brokers, and service ......................... Real estate ..................................................... Holding and other investment companies, except bank holding companies ..... ..................................... ........
300 298 *260 3,015 3,952
6,851 2,488 38,541 33,946
210 294 3,002 3,588
'41
2,531 1,575 '579 37,016 28,229
587
6,670
562
5,806
136
*834
*22,782
3,711
ervices ..........................................................
35,513
484,950
32,i15
388,703
*86
*485
8,924
95,762
4,694,813
406,044
Hotels and other lodging places ................................ Personal services ........................... ................... Business services ...................... .................... ... Auto repair: miscellaneous repair services ....................... Amusement and recreation services ...................... . ..... Other services ..................................................
2,528 4,048 9,662 5,745 3,422 10,108
43,681 .42,019 122,248 74,756 66,611 135.635
2,402 3,855 8,086 5,001 3,252 9.519
32,980 37,128 93,403 57,361 47,843 119,988
-3
-2
615 828 2,495 2,571 794 1,621
10,699 4,468 28,785 17,395 18,768 15,647
1,434 ,743 415,249 . 554,765 417,106 920 ,493 952,457
85 ,011 34 ,501 73 ,857 66 ,042 76 .894 69,739
ature of business not allocable ................................ 'Estimate should be used with caution because of the small number of sample returns on which it is based. * Data deleted because of the small number of sample returns on which they were based. Deleted data are included in the app ropriate totals. 'Less than $500 per return NOTE: See text for "Explanation of Terms" and"Description of the Sample and Limitations of the Data." 0
-4 -
-
Corporation Returns/1975
125
RETURNS OF ACTIVE SMALL BUSINESS CORPORATIONS, FORM 1120S Table 17.-Balance Sheets and Income Statements, by Industrial Division [All figures are estimates based on samples-money amounts are in thousands of dollarsl Industrial division
Total b returns Smaj, active Business Corporations,
Item
Agriculture, forestry, and fishing
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
services
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Number of returns, total .........................................
358,413
18,146
2,597
41,843
15,793
123,493
38,293
With net income ...............................................
201,275
9,430
1,408
24,361
19,252
6,702
77,725
19,638
42,676
Total assets ......................................................
55,529,316
4,622,922
1,083,111
7,473,066
7,153,613
2,123,038
19,837,042
5,581,915
7,596,449
Cash ........................................ ................... Notes and accounts receivable ............... ................. Less: Allowance for bad debts .... ........................... ~nventories s nvestment in Government obligations: United States ................................................. State and local ................. .............................
5,510,920 10,382,324 170,626 11,460,274
262,796 263,654 1,652 449,427
145,461 185,841 5,433 44,263
722,289 1,808,810 21,854 1,606,703
740,346 1,787,257 22,499 1,478,309
212,323 373,652 3,497 55,126
2,181,855 4,114,623 85,739 7,365,198
533,212 923,706 7,698 85,762
712,294 917,839 22,189 349,171
166,070 122,870
11,740
22,607 18,255
36,889 31,579
-3,645
44,436 34,596
23,657
12,415 17,885
Other current assets ................................... .... ..... Loans to stockholders ........................................ . Mortgage and real estate loans ............ .................... Other investments .... ................... ... .. - .. .. Depreciable assets ............................... .............. Less: Accumulated depreciation ................... ....... ...
2,944,915 942,040 629,926 2,145,223 26,337,088 11,871,173
86,342 65,766 40,632 198,044 2,810,442 1,159,545
50,166 22,441 10,264 43,431 837,656 389,387
815,477 164,653 90,133 237,391 2,328,394 1,142,964
177,099 78,836 13,930 445,655 4,041,729 2,148,029
78,349 37,216 7,437 37,578 1,919,846 847,927
373,111 261,348 113,966 551,675 7,047,363 3,332,164
1,152,261 140,686 246,250 353,265 996,128 344,550
212,027 170,852 96,391 275,116 6,354,252 2,506,148
Depletable assets ..... Less: Accumulated depletion ....* ..... .......... ........* Land .... ............................... - ............... ..... Intangible assets (amortizable) .......................... .... Less: Accumulated amortization ... __ ........................ Other assets ........................................ ... _ -
201,175 41,835 4,608,085 493,529 210,723 1,879,234
39,799
70,806 16,995 34,548 751 565 38,202
'25,191
17,629
479,352 8,242 3,313 318,249
255,381 62,908 22,104 183,705
53,735 32,717 19,318 174,145
19,056 2,278 547,896 131,666 39,459 509,893
15,412
1,414,055 8,041 2,026 137,345
1,222,082 38,839 15,048 214,365
12,580 '3,222 592,387 210,364 108,889 303,324
Total liabilities ....................................................
55,529,316
4,622,922
1,083,111
7,473,066
7,153,613
2,123,038
19,837,042
5,581,915
7,596,449
735,649 1,038,756 280,570 868,898 1,700,171 319,936
703,769 888,084 488,146 1,115,953 2,777,170 298,526
q 35,738
82,267
Accounts payable ............................................... Mortgages, notes, and bonds payable in less than one year ... Other current liabilities .......................................... Loans from stockholders ........................................ Mortgages, notes, and bonds payable in one year or more ..... Other liabilities ............... ..................................
8,530,986 8,836,686 3,553,484 6,039,187 11,401,107 1,894,673
203,545 819,193 106,356 566,769 1,547,387 109,101
127,525 146,906 77,446 109,934 163,155 39,207
1,389,679 1,587,537 727,133 743,246 1,211,176 495,652
1,122,458 732,276 526,562 607,213 959,645 142,445
282,601 305,280 102.849 270,019 628,079 60,514
3,964,839 3,318,309 1,218,211 1,757,121 2,401,603 420,314
Capital stock .............................................. ..... Paid-in or capital surplus . . ~ .... ................................ Retained earnings, appropriated ................................. Retained earnings, unappropriated .............................. Stockholders' undistributed taxable income previously taxed' .... Less: Cost of treasury stock ....................................
7,381,093 2,592,954 226,684 3,801,707 1,907,205 636,450
1,092,378 366,954 16,738 68,133 -195,473 78,159
119,897 52,462 16,823 195,649 45,198 11,091
558,677 229,429 20,929 308,333 257,481 56,206
897,361 319,057 39,802 1,328,078 584,715 105,999
301,499 166,596 2,468 96,733 -71,118 22,482
2,747,980 631,108 98,192 1,668,839 1,829,697 219,171
616,701 272,829 8,190 48,201 -249,858 58,128
1,045,578 554,219 23,542 88,152 -301,476 85,214
Total receipts ....................................................
128,016,555
4,355,181
1,814,050
15,595,028
16,527,178
4,229,061
69,830,765
2,811,469
12,805,607
15,364,828
16,313,136
4,130,478
68,915,100
2,309,307
12,424,397
2,502 1,370 37,783 49,004
2,162 2,725 48,092 33,756 8,282
618 6,954 9,098
4,021 3,481 137,050 109,311 5,318
1,871 418 51,141 83,034 '19,605
1,901 '238 30,011 80,795 2,207
872
769
3,410
1,953
30,712 11,995 2,526
14,665 11,461 442
61,716 187,886 1,186 (1) 91,895
35,654 30,275 2,327 195,839
125,333,032
Business receipts .......... __ .... ........................... Interest on Government obligations: United States ............. ................................... State and local ............................................... Other interest .................................... ... Rents ................................. ...... Royalties ........................................................
4,091,781
16,332 8,778 336,194 393,281 39,567
1,743,002
2,130
1,127
18,028 23,302 1,213
6,915 4,953 2,681
Net short-term capital gain reduced by net long-term capital loss .......... ......... Net long-term capital gain reduced by net short-term capital loss ........... ........................ .. .... .. .. Net gain, noncapital assets ..................................... Dividends received from domestic corporations ................. Dividends received from foreign corporations .................... Other receipts ............ .... .. ... . .. .... . . .. . -
8,995
1,134
320,318 331,253 18,096 228 1,210,481
79,380 22,477 2,095
Total deductions .................................................
124,765,679
................ Cost of sales and operations ..... ........ Compensation of officers ........................................ Repairs ........................... ...... .. ... .. . .. ..... Bad debts ..................... . Rent paid on business property .................................
527 26,274 26,489 1,718
113,548
15,723 7,730 496 -6 30,989
84,440
73,585
54,174
54,486 31,363 7,306 *157 562,403
4,260,526
1,639,508
15,314,381
15,925,184
4,153,597
68,194,199
2,733,500
12,505,451
89,009,826 6,000,435 802,893 295,322 2,432,543
2,786,578 149,077 118,152 2,805 135,566
1,080,880 49,730 37,890 1,563 12,036
12,075,358 687,515 92,283 37,866 93,130
11,636,898 914,871 104,237 49,732 232,395
2,692,330 191,373 5,443 11,456 116,268
51,747,933 2,455,014 260,599 143,403 1,050,327
608,209 368,169 21,172 14,848 71,925
6,353,040 1,182,166 163,040 33,600 720,637
Taxes paid ............... ..................... Interest paid ..................................... .. ..... Contributions or gifts ................................... ........ Amortization ................................... .. ... ........ Depreciation ............................ . . . . ... ... ...
2,840,616 1,670,545 37,452 22,367 2,539,133
106,864 186,567 1,029 425 261,216
50,117 21,671 744 28 110,355
354,570 222,326 3,448 1,746 279,025
435,872 161,610 6,925 2,671 351,337
144,511 82,949 1,347 2,600 226,417
1,117,341 504,909 16,240 6,854 682,113
101,982 183,700 2,826 2,896 74,937
527,984 305,805 4,865 5,147 553,234
Depletion ........................................................ Advertising ................................ ................... . Pension, profit-sharing, stock bonus, and annuity plans ....... Employee benefit programs ..................................... Net oss, noncapital assets ..................................... Other deductions .... ................................... .
72,298 999,576 318,631 323,752 105,461 17,294,829
973 17,273 4,701 3,201 15,645 470,454
55,357 753 3,838 8,877 205,457
355 48,543 47,467 56,641 16,088 1,298,020
2,290 95,197 71,836 68,101 6,737 1,784,475
-1,122 20,087 15,196 20,925 4,638 616,935
7,217 562,694 110,614 103,001 24,900 9,401,040
4,270 69,105 15,753 10,810 23,279 1,159,619
185,613 49,145 52,196 13,962 2,354,303
Total receipts less total deductions ............................... Net income (less deficit) ............................... .......... Net income ...... ....... ...................................... Distributions to stockholders: Cash and property except own stock ........................... Corporation's own stock ........................................
3,250,876 3,242,098 5,497.416
94,655 94,576 334,881
174,542 174,268 235,092
280,647 279,277 556,428
601,994 599,269 890,916
75,464 75,343 194,846
1,636,566 1,633,085 2,189,897
77,969 77.551 337,789
300,156 299,918 748,679
2,200,720 14,505
115.945 -
118,181 -
209,397 '828
361,539
69,369 -
834,439 '2.794
154,843 -
335,501
1
1
1
1
1
*Eshmate should be used with caution because of the small number of sample returns on which it is based. -Includes "Nature of business not allocable" which is not Shown Separately. 'This item is reflected in the statistics for "Retained earnings. unappropriated" in all tables, except tables 17 and 18 which show this item separately. -Less than S500 per return. NOTE: Active Small Business Corporations filing Form 11 20S returns reported income subject to tax of $5,151,000 and income tax of S1,764,000. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.-
126
Corporation Returns/1975
RETURNS OF ACTIVE SMALL BUSINESS CORPORATIONS, FORM 1120S Table 18.-Balance Sheets and Income Statements, by Size of Total Assets (All figures are estimates based on samples-money amounts are in thousands of dollarsJ Item
Number of returns, total ......................................... ffith net Income ............................................... Total assets ...................................................... Cash ............................................................ Notes and accounts receivable ................................. Less: Allowance for bad debts ................................ Inventories ...................................................... Investments in Government obligabons: United States ................................................. State and local ............................................... Other current assets ............................................ Loans to stockholders .......................................... Mortgage and real estate loans ................................. Other investments ............................................... Depreciable assets .............................................. Less: Accumulated depreciation ............................... Depletable assets ............................................... Less: Accumulated depletion ........................... ...... Land ............................................................ Intangible assets (amortizable) .................... ............. Less: Accumulated, amortization ............................... Other assets .................................................... Total liabilities .................................................... Accounts payable ........................................ ...... Mortgages, notes, and bonds payable in less than one year ... Other current liabilities .......................................... Loans from stockholders ........................ ! ............... Mortgages, notes, and bonds payable in one year or more ..... Other liabilities .................................................. Capital stock .................................................... Paidmin or capital surplus .......................... ............. Retained earning, appropriated .................................. Retained earnings, unappropriated .............................. Stockholders' undistributed taxable income previously taxed, .... Less: Cost of treasury stock .................................... Total receipts .................................................... Business receipts ............................................... Interest on Government obligations: United States ............................................ ...... State and local ............................................... Other interest ................................... ............... Rents ........................................................... Royalties ........ ............................................... Net short-term capital gain reduced by net long-term capital loss ........................................................... Net long-term capital gain reduced by net short-term capital loss ............. ............................................. Net gain, noncapital assets ..................................... Dividends received from domestic corporations ................. Dividends received from foreign corporations ... ................ Other receipts ................................................... Total deductions ............................................... _ Cost of sales and operations ................................... Compensation of officers ........................................ Repairs .............................................. .......... Bad debts ....................................................... Rent paid on business property ................................. Taxes paid ...................................................... Interest paid .................................................... Contributions or gifts ............................................ Amortization ..................................................... Depreciation ..................................................... Depletion ........................................................ Advertising . ................. . .............. - ................. Pension, profit-sharing, stock onus, and annuity plans ......... Employee benefit programs ..................................... Net loss, noncapital assets ..................................... Other deductions ................................................ Total receipts less total deductions ............................... Net income (less deficit) .......................................... Net income ..................................................... Distributions to stockholders: Cash and property except own stock ........................... Corporation's own stock ........................................
Total returns of active Small Business Corporations
Zero assets
SI under S100,000
S 100.000 under S250,000
(1)
(2)
(3)
(4)
Size of total assets S250,000 S500.000 under under S500,000 S1,000,000 (5)
(6)
$1.000,000 under S5,000,000
S5,000,000 under S 10,000.000
S10,000,000 or more
(7)
(8)
19)
342 188 2,310,578 143,841 482,020 12,554 403,812
99 60 2,435,374 127,683 438,870 3,472 456,377
'10,658 '1,656 277,304 22,060 37,424 108,692 721,244 272,991 -7,441 '1,928 260,975 70,233 51,852 102,543 2,310,578 308,827 489,283 224,577 147,962 611,671 77,650 83,355 124,413
18,824 20,418 210,817 18,083 56,125 285,600 743,412 272,182 32,394 3,036 212,075 27,844 8,631 74,173 2,435,374 369,995 283,397 163,794 115,840 587,343 99,345 45,986 129,487
235,534 13,294 8,363 2,916,242 2,822,043
622,952 23,046 5,811 2,974,367 2,872,714
301 630 13,367 12,292 608
2,494 898 30,Q41 19,790 7,827
9,728 9,477 1,660 11 19,709 2,903,837 2,306,795 37,537 8.261 10,083 26,898
358,413 201,275 55,529,316 5,510,920 10,382,324 170,626 11,460,274
24,089 7,737 -
227,521 119,429 7,799,167 1,207,319 1,220,653 32,901 1,395,020
52,457 35,170 8,401,261 932,921 1,520,978 24,122 1,687,030
30,667 22,291 10,652,380 1,064,162 2,068,563 28,581 2,383,041
15,624 11,145 10,709,337 1.034,227 2,071,260 30,908 2,375,056
5,255 13,221,219 1,0G0,767 2,579,980 38,088 2,759,938
166,070 122,870 2,944,915 942,040 629,926 2,145,223 26,337,088 11,871,173 201,175 41,835 4,608,085 493,529 2110,723 1,879,234 55,529,316 8,530,986 8,836,686 3,553,484 6,039,187 11,401,107 1,894,673 7,381,093 2,592,954 226,684 3,801,707 1,907,205 636,450 128,016,555 125,333,032
-
8,602 '390 306,792 247,378 73,598 202,880 4,838,996 2,506.398 22,583 8,922 386,980 108,883 44,230 371,544 7,799,167 1,179990 966:670 572,995 1,944,809 1,209,996 236,358 2,028,055 535,422 23,360 -151,434 -595,129 151,925 26,568,802 26,172,959
34,544
22,429 6,628 439,172 160,429 111,936 341,809 5,174,316 2,381,418 31,862
16,687 10,577 484,155 111,191 84.880 402,612 4,899,862 2,154,048 39,254 6,808 1,013,373 44,588 13,131 326,510 10,709,337 621,007 f:683,727 664,454 923,484 2,358,771 329,388 1,198,774 488.019 49,064 767,299 719,555 94,205 23,931,477 23,433,404
54,326 73,661 963,935 187,699 170,503 552.726 5,405,415 2,174,215 50,890 10,877 1,193,649 86,918 39,147 403,139 13,221,219 2,114,818 2,605,528 899,362 880,071 3,000,447 671,835 946,103 509,458 67,784 1,125,036 522,412 121,635 25,696,117 25,045,671
16,332 8,778 336,194 393,281 39,567
1,359,217 1,302,584
1,864
(1) 2,584 1,619 -2
28,548 50,932 '14,874
262,740 195,200 95,460 250,904 4,553,843 2,109,921 16,751 614,686 103,683 39,243 302,675 8,401,261 303087 ~ 542:004 429,704 996,208 1,565,690 221,481 1,578,154 423,824 22,759 480,690 362,531 124,871 19,925,751 19,550,000 1,522 1,753 33,330 42,056
926,347 51,380 14,489 298,650 10,652,380 633262 466:077 598,598 1,030,813 2,067,189 258,616 1,500,666 382,331 61,342 721,630 861,496 129,640 24,644,582 24,133,657 1,513 62,864 77,860 1,509
3,144 1,300 71,097 77,761 3,310
7,614
5,494 3,256 94,363 110,971 4,209
8,995
-
3,833
'2,185
608
454
1,298
320.318 331,253 18,096 228 1,210,481
17,031 18,008
37,407 47,035 3,159 200,076 119,405,496 13,361,966 1,077,270 134,774 45,576 458,945 488,158 235,113 4,190 5,450 446,870 8,318 177,364 43,382 59,779 16,244 2,842,097 520,255 518,502 894,170
56,339 49,827 2,666
50,022 51,296 3,409
68,194 82,520 5.099
11,522 19,559 688
11,439 -2,814 2,668 23,047 268,385 -66,656 -66,656 75,245
70,075 53,531 1,398 .1 170,278 26,288,237. 15,628,141 2,336,209 196,822 56,949 933,433 737,702 216,363 7,175 10,281 558,435 5,160 287,989 53,137 76,902 25,207 5,158,332 280,565 280,056 1,110,646
34,606 2,834,597 2,182,884 52,519 23,419 12,236 20,784 49,946 73,701 1,379 394 70,126 10,023 11,540 10,722 11,891 5,647 297,386 81,645 81,015 142,564
64,084
461,650
317206 .85 '
124,765,679 89,009,826 6,000,435 802,893 295,322 2,432,543 2,840,616 1,670,545 37,452 22,367 2,539,133 72,298 999,576 318,631 323,752 105,461 17,294,829 3,250,876 3,242,098 5,497,416 2,200,720 14,505
17,372 1,425,8?3 873,204 100,680 5,712 11,335 37,067 57,869 12.301 143 304 18,845
257,288 23,651,632 17,517,948 1,029,944 152,334 55,055 418,313 516,290 309,166 7,374 1,700 475,144 6,275 153,369 63,376 55,546 12,981 3.077,017 792,750 792,318 1,066,178 384,157 1,352 -
236,133
275,019
23,i53,926 17,758,629 767,836 140,243 55,043 259,944 442,826 329,337 6,358 2,004 426,506 5,465 139,965 60,768 46,012 10,267 2.702,723 777,551 776,251 999,420
24,901,881 19,380,259 598,440 141,328 49,045 277,159 455,123 432,944 9,976 1,885 488,553 26.662 199,390 76,942 61,769 9,877 2,692,529 794,236 790,980 1,084.130
369,807 *1,352
480,682 -1,353
18
65,409
92,702 61.620 857 349 54,654 10,335 18.520 7,490 9,185 2,191 256,360 70,530 69,632 125,063 .57,725 62
'Estimate should be used with caution because of the small number of ample returns on which it is based. -This item is reflected in the statistics for "Retained earnings, unappropriated" in all tables, except tables 16 and 17 which show this item separately. 'Less than $500 per return. NOTE: Classification by size we s based on amounts rounded to thousands of dollars prior to tabulation, Active Small Business Corporations filing Form 11 20S returns reported income subject to tax of S5,1 51 000 and income tax of $1,764,000. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
Corporation Returns/1975
127
RETURNS OF ACTIVE SMALL BUSINESS CORPORATIONS, FORM 1120S Table 19.-Number of Returns, Business Receipts, Net Income, Net Worth, and Distributions to Stockholders, by Industrial Division, by Size of Total Assets, and by Number of Stockholders [All figures are estimates based on samples-money amounts are in thousands of dollars]
Number of stockholders, item
Total
All industrial divisions, Size of total assets Under $1,000,000 $1,000,0002 or more
(1)
(2)
(3)
Agriculture, forestry, and fishing Size of total assets Total Under S1,000,000 or more S1,000,0001 (4)
(5)
Total
(6)
(7)
Mining Size of total assets $1,000.000 Under or more $1,000,000, (9)
(8)
Total Returns of Active Small Business Corporations Numb: of returns .................. ......... ... .. ..... ........ Numbe of stockholders .......................... ... .... ..... ... Business receipW .. . .. . . ......... I ~ ........................ I .......... Net income (less deficit) ....................... ..... ............ Net worth ......................... ..... . .. .. ... ...... ......... Distributions to stockholders, except in own stock ....... ............
358,413 867,033 125,835,194 1 3,242,098 15, 273, 194 2,200,720
350,358 835, 881 94,951,204 2,300,471 10 ,957, 768 1,596,904
8,055 31 ,152 30,883,990 941,627 4 ,315 ,426 603,816
18,146 55 ,388 4,091,781 94,576 1 ,270 ,571 115,945
17,388 52 ,691 2,988,333 91,785 944 ,826 92,883
758 2 ,697 1,103,448 2,791 325 ,745 23,062
2,597 6, 876 1,743,002 174,268 418,938 118,181
2,355 5,987 724,190 50,971 100,482 44,753
242 B89 1.018,812 123.297 318,456 73,428
120,960 26, 522,257 99,566 2,601,047 317,439
119,482 21 ,600, 818 60,265 1,543,439 250,635
1,478 4 ,921 ,439 39,301 1,057,608 66,804
3,865 549,794 -32,969 152,287 18,986
3,693 441,511 -10,848 78,416 18,821
172 108,283 -22,121 73,871 165
787 410,039 -3,014 47,569
745 187,229 -15,040 -7,658
42 222,810 12,026 55,227 1,336
117,788 35 ,931 , 330 777,047 3,782,067 559.884
116,099 30,074 ,245 626,786 3,167,360 453,691
1,689 5,857 ,085 150,261 614,707 106,193
5,013 1,003,698 5,112 232,824 19,992
4,866 684,458 2,011 160,459 16,218
147 319,240 3,101 72,365 -3,774
434 407,648 52,251 102,766 26,280
363 124,729 17,746 29,327
71 282,919 34,505 73,439 16,444
57,642 23 ,340 ,409 707,483 2,732,717 432,400
56,351 18,609 ,002 577,644 2,196,511 344,236
1,291 4, 731 ,407 129,839 536,206 88,164
4,224 1 , 113,843 34,608 227,941 20,787
4,108 917,987 34,468 174,027 20,265
116 195,856 140 53,914
750 3i87,847 27,705 84,531 23,041
715 197,378 8,825 27,934 -8,512
35 190,469 18,880 56,597 14,529
28,082 14 ,035 ,498 414,473 1,825,482 266,791
27,018 10,018,664 301,890 1,376,905 193,863
1,064 4 ,016,834 112,583 448,577 72,928
1,852 455, 130 5,486 181,792 15,890
1,749 316,401 6,497 160,919 11,301
103 138,729 -1,011 20,873
409 164,748 32,450 47,026 '15,702
*87,003 *20,746 * 11,519 '11,412
'77,745 1 1,704 * 35,507
11,677 7, 251 , 703 344,862 1,229,143 170,803
11,078 4 ,850, 871 270,619 915,696 125,029
599 2 ,400 ,832 74,243 313,447 45,774
1,023 288 ,341 21,259 155,255 13,538
955 221,361 23,656 132,930 '12,568
68 66,980 -2,397 22,325 '970
85 112,634 16,865 47,255
*70,230 '10,007 * 22,865 -4,414
'42,404
7,607 5,656,678 222,777 731 ,591 104,189
7,029 3,002,974 122,068 402 ,340 53,577
578 2,653,704 100,709 329,251 50,612
674 143,869 14,632 89 ,496 -1,454
626 76,336 7,681 67, 754 -1,282
48 67,533 6,951 21,742
73 113,912 21,669 45.175 'l 2,676
'24,319 - 4,178 *13.869 *869
'89.590 ' 17,491 *31,30E 1,807
5,162 3,496,228 162,932 565,318 83,303
4,860 2, 089,453 112,628 391,673 57,683
302 1 ,406, 775 50,304 173,645 25,620
597 202,660 25,621 88,522 '11,005
562 149,063 18,364 68,152
35 53,597
'34 '47,504 -4,430
'16 '24,642
*22,86,
- 1,901 '1.484
1,38,'
3,767 3,413,948 163,352 618,501 88,954
3,458 1,903,085 76,857 354,197 49,157
309 1,510,863 86,495 264,304 39,797
334 75,096 4,502 40,355
'63,089 ' 3,336 '21,527 -4,535
' 12,007
2,334 2,962,174 165,006 529,497 86,936
2,002 1,389,942 71,135 286,815 34,328
332 1,572,232 93,871 242,682 52,608
233 199,836 9,374 60.958 '4,522
*86,093
'113,743 - 5,148
3,394 3,224,969 184,600 657,831 90,021
2,981 1,412,150 80,579 322,832 34,705
413 1,812,819 104,021 334,999 55,316
331 59,514 6,951 41,141
Returns With 1 Stockholder Number of returns ................ ......... . .... ........ Business receiptS3 .................... I ............................. Net income (less deficit) ............................. ... ........... Net worth .......... . . . ........... ... ............. .... .... .... Distributions to stockholders, except in own stock .................... Returns With 2 Stockholders Number of returns .............................................. ..... Business receipts' ... ... .... ... I .................................... Net income (less deficit) .............................................. Net worth ................ .. . ............ ............................. Distributions to stockholders, except in own stock .................... Returns With 3 Stockholders ..... Number of returns ............................................ ........... ............ Business receipts , ................ I ........ Net income (less deficit) .................... ......................... Net worth ......... ............................ ........... .. ........ Distributions to stockholders, except in own stock .................... Returns With 4 Stockholders Number of returns ............................................... ..... Business receipts' ............................... - ................... Net income (less deficit) .............................................. Net worth ...................... ....................................... Distributions to stockholders, except in own stock .................... Returns With 5 Stockholders Number of returns ..................................................... Business receiptV ............... - ................................... Net income (less deficit) .............................................. Net worth ......................... .................................... Distributions to stockholders, except in own stock ....................
* 24,390
Returns With 6 Stockholders Number of returns ..................................................... Business receipts . ....... ............................................. Net income (less deficit) .............................................. Net worth ............................................................. Distributions to stockholders, except in own stock .................... Returns With 7 Stockholders Number of returns ...................................... .............. Business receiptV ...................... - ....................... .... Net income (less deficit) . ~ ............................................ Net worth .............. ...................................... . ..... Distributions to stockholders, except in own stock ............ ......
20,370
Returns With 8 Stockholders Number of returns ........................... ............. . ......... Business receipts, ............................................... I ..... Net income (less deficit) .............................................. Net worth ............................................................. Distributions to stockholders, except in own stock ....................
18,828
Returns With 9 Stockholders Number of returns ............................................ .... ... Business receipts, ................................................... I . Net income (less deficit) ....................................... ...... Net worth ....... .. . ................................................ . Distributions to stockholders, except in own stock .................. .
-4
1,687
Returns With 10 Stockholders Number of returns ..................................................... Business receipts, ...................... I .............................. Net income (less deficit) .............................................. Net worth ................................. ...................... .... Distributions to stockholders, except in own stock ...................
Footnotes at end of table. See text for "Explanation of Terms" and "Description Of the Sample and Limitations of the Data."
'32,034
* 27,4 0 ' 7,328
'55,911 ' 11,317 ' 15,152 1 4.684
'47,25 '725 2,520
' 14,42 ' 12,16,
128
Corporation Retuins/1975
RETURNS OF ACTIVE SMALL BUSINESS CORPORATIONS, FORM 1120S Table 19.-Number of Returns, Business Receipts, Net Income, Net Worth, and Distributions to Stockholders, by Indwstrial Division, by Size of Total Assets, and by Number of Stockholders-Continued [All figures are estimates based on samples-money amounts are in thousands of dollarsi
Number of stockholders, item
Total
Construction Size of total assets Under S1,000,000 S1,000,0002 or more
(10)
Total
(12)
Manufacturing Size of total assets Under S1,000,000 $1.000,000, or more (14)
Transportation and public utilities Size of total assets Total Under S1,000,000 S1,000.0001 or more
(15)
(16)
(17)
(18)
Total Returns of Active Small Business Corporations Number of returns ..................................................... Number of stockholders ............................................... Business receipts' ..................................................... Net income (less deficit) .............................................. Net worth ............................................................. Distributions to stockholders, except in own stock .......... .........
41,843 86,641 15,364,828 279,277 1,318,643 209,397
40,584 82.282 11,107,361 235,327 990,679 156,812
1,259 4,359 4,257,467 43,950 327,964 52,585
35.738 92.421 16,313,136 599,269 3,063,014 361,539
34,636 87,489 11.093,439 301,539 1,555,202 215,215
1,102 4.932 5,219,697 297,730 1,507,812 146,324
15,793 37,138 4,130,478 75,343 473,696 69.369
15,543 36,139 3,443,195 33,585 320,652 49,243
250 999 687,283 41,758 153,044 20.126
16,932 3,818,408 37,794 289,851 35,100
16,656 3,121,606 32,213 232,300 26,941
276 696,802 5,581 57,551 8,159
11,039 3,196,026 -4,489 783,988 46,485
10,845 2,050,157 -14,566 178,370 32,113
194 1,145,869 10,077 605,618 14,372
5,844 1,041,658 -11,889 122,332 11,042
5,781 952,181 -17,058 76,589 7,562
63 89,477 5,169 45,743
14,391 5,143,634 78,219 384,829 75,816
14,075 4,303,992 78,267 327,581 63,343
839,642 -48 57,248 12,473
11,089 3,531,682 122,286 493,425 62,559
10,947 2,857,302 70,051 368,349 46.906
142 674,380 52,235 125,076 15,653
4,957 1,070,711 -1,933 88,328 8,165
4,920 995,417 844 77,063 7,690
37 75,294 -2,777 11,265
5,176 2,419,867 79,511 212,982 33,685
5,002 1,749,128 67,076 153,496 28,526
174 670,739 12,435 59,486 5,159
5,696 2,935,376 140,053 505,649 81,360
5,520 2,220,761 93,659 362,484 53,312
176 714,615 46,394 143,165 28,048
2,578 764,786 15,842 44,979 13,636
2,549 724,200 14,199 42,603 '10,960
3,615 1,503,217 20,529 122,890 27,084
3,459 995,322 20,480 107,710 18,903
156 507,895 49 15,180 8,181
3,668 2,444,050 81,254 321,952 38,536
3,523 1,836,189 49,135 187,109 27,253
145 607,861 32,119 134,843 11,283
870 461,815 23,245 65,363 14,256
839 331,513 16,215 53,430 '11,027
753 779,805 20,642 103,827 9,556
658 312,992 14,115 52,638 -5,406
95 466,813 6,527 51,189
1,873 1,232,141 60,292 255,905 31,977
1,787 869,666 39,413 189,886 23,292
86 362,475 20,879 66,019 8,685
357 252,507 13,553 43,915 -7,719
430 511,542 5,055 54,818 '8,615
351 241,868 5,562 40,7261 -5,614
79 269,674 -507 14,092 -3,001
864 696,630 43,816 154,014 22,017
778 346,380 16,861 58,244 10,994
86 350,250 26,955 95.770 11,023
549 132,937 2,302 14,976 '2,333
66 419,606 6,903 25,690 -3,798
367 508,684 24,971 85,798 8,085
325 246,307 15,245 41,775
42 262,377 9,726 44,023
103,099
409 604~426 48,469 185,320 28,999
339 225,694 15,120 89,652 '10,663
70 378,732 33,349 95,668 18,336
34 151,321 7,045 15,629 -1,731
276 433,840 32,007 125,401 12,637
'212 *165,808 '10,942
64 268,032 21,065 76,381 9,118
113,041 -858 13,405
457 730,281 50,610 151,562 28,884
360 275,175 5,679 30,313
97 455,106 44,931 121,249 25,732
Returns With I Stockholder Number of returns ............................... ..................... Business receipts' ..................................................... Net income (less deficit) .............................................. Net worth ............................................................ Distributions to stockholders, except in own stock .................... Returns With 2 Stockholders Number of returns ..................................................... Business receipts3 ..................................................... Net income (less deficit) ......... .................................... Net worth ................................... ......................... Distributions to stockholders, except in own stock .................... Returns With 3 Stockholders Number of returns . . ~ ........ ........................................ Business receipts" ........ ...................................... Net income (less deficit) .............................................. .. Net worth ............................................................. Distributions to stockholders, except in own stock .............. Returns With 4 Stockholders Number of returns ..................................................... Business receipts" ... .................................................. Net income (less deficit) .............................................. Net worth ............................................................. Distnibutions to stockholders, except in own stock ...................
'130,302 11,933
Returns With 5 Stockholders Number of returns ........................................ ............ Business receipts' ............ ........................ I .......... Net income (less deficit) .............................................. Net worth ............................................ ................ Distributions to stockholders, except in own stock ....................
126,523
'125,984
'21,829
Returns With 6 Stockholders Number of returns ... ........... ..................................... Business receipts' ...................... I .............................. Net income (less deficit) .............................................. Net worth ............................................................. Dist-butiions to stockholders, except in uwii stock ....................
536 108,194 -903
'13 -9 ,077
Returns With 7 Stockholders Number of returns ..................................................... Business receiptsr ..................................................... Net income (less deficit) .............. ............................... Net worth ........ .................................................... Distnbutions to stockholders, except in own stock ....................
182 576,254 13,330 51,889
'156,648
115 211,877 12,645 32,104 *6,336
'89,943 * 5,822 '13,610 -1,680
90 251,582 8,376 25,389 -2,834
100,261 1,331
'159 148,642 3,176 40,064
'l 17 *35,601 -4,034
'26,199
.8
'28,873
'24,540
'10,055 17,784
'92 '39,269 -7,167 1 4,127 -2,452
Returns With 8 Stockholders Number of returns ..................................................... Business receipts3 ..................................................... Net income (less deficit) .............................................. Nei worth ............................................................. Distributions to stockholders, except in own stock ....................
121,934 '18,494
Returns With 9 Stockholders Number of returns ....................................... ............. Business receipts' ...................................................... Not income (less deficit) .............................................. Net worth ............................................................ Distributions to stockholders, except in own stock .................... Returns With 10 Stockholders Number of returns ..................................................... Business receipts' ........... ~. I ........................................ Net incomc (less deficit) .............................................. Net worth ......................................................... Distributions to stockholders, except in own stock ....................
-1,432
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
.9 '45,332 '2,888
Corporation Returns/1975
129
RETURNS OF ACTIVE SMALL BUSINESS CORPORATIONS, FORM 1120S Table 19.-Number of Returns, Business Receipts, Net Income, Net Worth, and Distributions to Stockholders, by Industrial Division, by Size of Total Assets, and by Number of Stockholders-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars]
Number of stockholders, item
Wholesale and retail trade Size of total assets Total Under 51,000,000 S1,000,0001 or more (19)
(20)
(21)
Finance, insurance, and real estate Size of total assets Under S1,000,000 S1,000,0001 or more
Total
(22)
(23)
(24)
Total
(25)
Services Size of total assets Under S1,000,000 $1,000,0002 or more (26)
(27)
Total Returns of Active Small Business Corporations Number o! returns Number o stockholders.. ... .... .......................................... Business receipts' ....................... I ... I ....................... I . Net income. (less deficit) ........................ ......... ........... Net worth _... ....................................... Distributions to stockholders, except in own stock . .......... __ .....
123,493 294,887 68,915,100 1,633,085 6,756,645 834,439
121,024 284,607 52,745,585 1,198,499 5,258,685 623,212
2,469 10.280 16,169,515 434,586 1,497,960 211,227
38,293 105,025 2,811,469 77,551 637,935 154,843
37,367 101,827 2,397,249 86,571 560,706 130,547
926 3,198 414,220 -9,020 77,229 24,296
82,267 188,281 12,424,397 299,918 1,324,802 335,501
81,222 184,492 10,421,558 297,367 1,226,436 284,160
1,045 3,789 2,002,839 2,551 9B,366 51,341
39,935 13,299,290 109,365 922,369 109,395
39,603 11,110,517 70,275 742,673 82,465
332 2,188,773 39,090 179,696 26,930
10,947 767,400 21,485 116,288 23,294
10,727 668,898 20,052 89,041 18,755
220 98,502 1,433 27,247
31,497 3,410,643 -24,387 159,607 63,801
31,321 3,039,720 -9,661 153,608 58,193
176 370,923 -14,726 5,999 5,608
44,073 20,711,952 399,776 1,862,132 232,420
43,571 17,504,635 332,553 1,610,744 188,397
502 3,207,317 67,223 251,388 44,023
11,285 877,269 32,032 192,690 57,068
11,054 781,590 32,541 172,496 52,378
231 95,679 -509 20,194 -4,690
26,418 3,183,441 89,375 425,073 77,584
26,175 2,820,827 92,844 421,341 68,923
243 362,614 -3,469 3,732 -8,661
20,050 13,061,416 330,548 1,315,950 172,758
19,618 10,558,640 282,527 1,130,267 149,906
432 2,502,776 48,021 185,683 22,852
7,037 475,100 19,238 114,514 21,360
6,910 437,403 20,231 105,449 17,516
127 37,697 -993 9,065
12,131 2,182,174 59,978 226,171 65,773
11,929 1,803,505 56,659 200,251 55,239
202 378,669 3,319 25,920 10,534
8,850 7,449,529 193,381 802,846 89,101
8,537 5,258,734 133,502 597,750 61,634
313 2,190,795 59,879 205,096 27,467
3,853 239,353 6,875 123,713 17,912
3,740 195,568 11,995 120,108 16,200
113 43,785 -5,120 3,605 -1,712
4,965 1,317,656 51,253 159,900 48,310
4,780 997,934 43,320 138,360 36,133
185 319,722 7,933 21,540 12,177
3,655 3,885,240 161,593 505,298 65,242
3,449 2,650,606 124,144 376,171 45,067
206 1,234,634 37,449 129,127 20,175
1,821 125,702 7,112 15,554
1,77Q 109,143 8,870 17,811 5,260
51 16,559 -1,758 -2,257
2,110 575,333 43,546 102,134 28,548
2,061 490,350 45,651 101,566 26,928
49 84.983 -2,105 568 1,620
2,305 3,637,822 123,659 343,808 48,610
2,086 1,894,282 76,042 211,349 28,258
219 1,743,540 47,617 132,459 20,352
777 99,363 -1,258 -1,994 -1,137
717 67,774 203 -14,691 176
60 31,589 -1,461 12,697
1,934 309,894 11,690 29,104
1,881 243,821 12,444 19,190 -5,801
53 66,073 -754 9,914
1,199 1,648,054 75,085 230,183 27,305
1,113 1,047,381 50,922 172,063 20,596
86 600,673 24,163 58,120 6,709
951 41,373 -6,346 7,875
926
'25 '11,004 *-2,633 *285
1,604 368,600 17,278 62,354 1 1,948
1,582 337,517 15,259 49,453 '10,245
'22 '31,083
1,264 2,027,440 77,619 247,089 29,816
1,154 1,200,746 47,095 150,289 19,567
110 826,694 30,524 96,800 10,249
662 94,366 -8,627 20,502
728 323,642 15,549 66,936 11,667
695 255,237 17,342 64,081 *10,139
33 68,405 -1,793 2,855
974 1,553,351 85,472 252,041 35,362
854 801,014 44,625 135,989 19,444
120 752,337 40,847 116,052 15,918
335 60,318 -1,323 15,071
292 33,005 -4,904 9,981 -1,311
311 322,735 9,728 17,701 -7,147
291 155,832 5,736 20,384 '2,292
166,903 -3,992 *-2,683 -4,855
1,188 1,641,006 76,587 274,929 24,430
1,039 719,030 36,814 131,390
149 921,976 39,773 143,539 16,552
625 31,225 8.363 33,722
596 26,792 10,276 35,640 '10,698
569 430,279 25,908 75,822 14,588
507 276,815 17,773 58,202 10,267
62 153,464 8,135 17,62C
Returns With 1 Stockholder Number of returns ................. .................... .......... Business receipts' ................. .... ............... Net income (less deficit) .............................................. Net worth ............ __ .... ........................................ Distributions to stockholders, except in own stock .................... Returns With 2 Stockholders Number of returns ............. ....................................... Business receipts, .................. ............... .... ..... I ...... Net income (less deficit) ............ ................................... Net worth ......................................... ................... Distributions to stockholders, except in own stock .................... Returns With 3 Stockholders Number of returns ..................................................... Business receipts, ........................ ............................ Net income (less deficit) .............................................. Net worth .... ................. ........ ...... ................ Distributions to stockholders, except in own stock .................... Returns With 4 Stockholders Number of returns ..................................... ......... Business receipts' ..... ......... ................................ Net income (less deficit) ........................... ................. Net worth ........................................................ .... Distributions to stockholders, except in own stock .................... Returns With 5 Stockholders Number of returns ..................................................... Business receipts. ..................... ........ ...................... Net income (less deficit) .............................................. Net worth ................. .......................................... Distributions to stockholders, except in own stock ...... ....... Returns With 6 Stockholders Number of returns ..................................................... Business receipts' ............... I ............................. I ....... Net income (less deficit) .............................................. Net worth . ~ ........................................................... Distributions to stockholders, except in own stock .................... Returns With 7 Stockholders Number of returns ..................................................... Business receipts, ................. ........................... I ....... Net income (less deficit) .............................................. Net worth ..................................................... ...... Distributions to stockholders, except in own stock . ~ ~ .... ... .... -
-3,713 7,590 -7,863
12,901 -1,703
Returns With 8 Stockholders Number of returns .................... .. . . . ..... ... Business receipts, ................................. - I I ..... -.1 ..... Net income (less deficit) ................................ ............. Net worth ......................... Distributions to stockholders, except in own stock ....................
635 46,707 -8,980 17,281
'47,659 '353 '595
Returns With 9 Stockholders Number of returns ....................... . .. .. ... .......... Business receipts, ................................................ I .... Net income (less deficit) ................ ... . ... ... .......... Net worth ............................ _ ... ... . ... .......... Distributions to stockholders, except in own stock ....................
43 27,313 3,581 5,090
Returns With 10 Stockholders Number of returns ................ _.. -.... . . Business receipts:, ..................... I ............................. Net income (less deficit) ........... ... .. . .... .. .... ... . .. Net worth .............................. . . - .... - - - Distributions to stockholders, except in own stock ....................
'Estimate should be used with caution because of the small number of sample returns on which it is based. * Data deleted because of the small number of sample returns on which they were based. Deleted data are included in the appropriate totals. -Includes "Nature of business not allocable" which is not shown separately. Includes zero assets. Size of total receipts was used in lieu of business receipts to classify statistics for Finance. insurance, and real estate industries. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and —Description of the Sample and Limitations of the Data."
130
Corporation Returns/1975
RETURNS OF ACTIVE DOMESTIC INTERNATIONAL SALES CORPORATIONS, FORM 1120-DISC Table 20.-Balance Sheets and Income Statements, by Selected Industries [All figures are estimates based on samples-Money amounts are in thousands of dollars] Selected industries
Item
Wholesale and retail trade Wholesale trade
Total 0returns o I active Domestic Internationat Sales Corporations-
Total wholesale and retail trade-
Total wholesale trade
Groceries and related products
Machinery, equipment and supplie's
Total miscellaneous wholesale trade
Motor vehicles and automotive equipment
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Miscellaneous wholesale trade Meials m and Lumber and inerals. construction e xcePt materials petroleum and scrap _(a)
Electrical goods
Hardware, Plumbing. and heating equipment
(9)
Number of returns, total ..................................
6,431
6,197
6,053
276
1,699
4,078
168
189
294
$38
With net Income ........................................
5,775
5,595
5,464
234
1,551
3,679
162
162
276
783
207
Total assets ...............................................
11,832,472
11,518,577
11,471,827
224,848
3,612,384
7,634,595
912,282
175,230
345,050
976,657
124,163
Cash ..................................................... Notes and accounts receivable .......................... Less: Allowance for bad debts ......................... Inventories ...............................................
491,579 7,509,474 18,465 593,782
484,588 7,297,732 18,384 590.303
477,973 7,268,045 18,284 587,815
18,458 115,004
333,812 4,723.963 16.021 313,401
17,374 703,485 512 16,757
7,287 60,387 '77 13,980
36,473 161,503
16,101
125,703 2,429,078 2,176 258.313
15,798
30,775 720,391 1 ,293 27,336
17,726 70,679 345 9,618
Other investments ........................................ Depreciable assets ....................................... Less: Accumulated depreciation ........................ Other assets .............................................
2,236,453 37,702 10,769 992,716
2,157,443 37,211 10,625 980,309
2,150,827 37,059 10,541 978,933
59,677 510 234 15,419
496,466 5,350 1,366 301,016
1,594,684 31,199 8,941 662,498
86,669 '396
75,652 *172 '61 56,142
127 ,353 2 ,415 605 70,285
14 ,669
88,280
54,791 487 195 38,570
Total liabilities ............... .............................
11,832,472
11,518,577
11,471,827
224,848
3,612,384
7,634,595
912,282
175,230
345,050
976,657
124,163
Accounts payable ........................................ Other current liabilities ..... ............................. Mortgages, notes, and bonds payable in one year or
1,167,709 566,889
1,155,905 560,858
1,149,543 556,034
24,459 20,674
357.120 220,792
767,964 314,568
67,988 44,396
13,862 16,185
25,204 14,605
118,503 23,561
24, 106 11 ,953
Other moreliabilities ... ... ....... ....... ........... .... ...... ..... .......
95,883 260,932
94,784 257,686
93,489 255,524
-3,481 2,506
32,773 74,032
57,235 178,986
48,043
1,902 2,360
*516 3,125
2,669 16,134
*1 ,700 1,963
Capital stock ........ ................................. _ Paid-in or capital surplus ................................. Retained earnings. unappropriated ................ ...... Jess: Cost of treasury stock ..... ....... ...............
63,070 106,616 9,574,131 2,758
62,156 22,435 9,366,527 1,774
61,726 22,385 9,334,900 1,774
2,350
13,020 7,321 2,908,452 -1,126
46,356 15,015 6,255,119 648
712 1,009 749,980 -
956
171,329 -
139,951 - -
1 ,426 *19 299,955 -
3 , 114 4 ,887 808,016 *227
83 ,604 -5
Total receipts .............................................
25,265,839
25,038,735
24,929,508
730,423
5,781,439
18,417,646
1,293,251
496,883
722,705
1,384,380
239,922
Business receipts ........................................ Interest on State and local Government obligations ...... Other interest .......... ................................. Net short-term capital gain reduced by net long-term capital Net long-~erm loss capital i ' ' gain - reduced ' ....by..net...short-term .... .. capital oss ............................................
24,855,866
24,647,427 293,217
717,729 5,276
5,674,316 '421 101,081
18,146,757
311,843
24,538,802 '507 292,698
1,271,488 19,507
492,977 (1) * 2,966
696,703 5,644
1,349,951 27, 483
238 ,094 1 ,664
Net gain, noncapital assets ....................... ...... Dividends received from domestic corporations .......... Dividends received from foreign corporations ............. Other receipts ............................................
1,676 95,763
95,725
rotal deductions ......................... 1 ................
20,505,682
20,378,611
Cost of sales and operations ............................ Compensation of officers ................................. Repairs .................................................. Bad debts ................................................ Rent paid on business property ................... I ......
19,247,747 23,414 2,027 17,222 11,342
Taxes paid Interest paid ............................................. ... .... ..... ..... Contdbutions or gifts ..................................... Amortization .............................................. Depreciation ............................ I .................. Advertising ............................................... Pension, profit-sharing, stock bonus. and annuity plans . . Employee benefit programs .............................. Net loss, noncaptal assets ............................... Other deductions .........................................
186,341
-
(2)
1,676
11.687
717
(2) .9
'56 1,676
2 26
95,642
-3 .1 7,403
'102 .6 5,469
82,770
2,140
920
20,358
6,895
164
20,288,038
642,368
4,130,926
15,514,744
901,695
418,100
533,632
957,451
187,891
19,144,987 22,122 2,005 17,158 11,075
19,060,331 21,636 2,005 16,926 11,048
594,892 1,168 .5 '224 405
3,797,853 5,878 420 .4,781 2,531
14,667,586 14,590 1,580 11,921 8,112
835,271 *247
366,300 1,086 ~5
496,465 '437
163 ,411
405 1.564
520
'548 285
836, 187 2,480 202 802 1,898
38,766 20,133 585 355 5,184
37,989 19,636 585 350 5,110
37,575 19,566 585 348 5,090
1,468 794 -2 21 76
9,220 4,688 14 144 1,688
26,887 14,084 569 183 3,326
2,068 399 '136
1,226 958 -2 10 93
1,589 477 .8 6
3 ,544 945 19 13 382
1 ,546 441 -4 3
29,368 5,120 3,858
29,161 5,026 3,697
554
112 '52
59,219
46,615
33,589
5 ,592 590 750 104,047
438 '179 '43
42,453
23.829 3,232 2,793 *59 735,993
'369
1,074,984
4,778 1,590 B02 .1 296,538
738
1,100,501
29,260 5,058 3,732 -60 1,079,484
20,365
Total receipts less total deductions ........................ I ncluclable income of Controlled Foreign Corporations ...... N et income (less deficit) ................................... Net income .............................................. Deficit ....................................................
4,760,157 -4,149 4,763,799 4,772,634 8,835
4,660,124 *4,149 4,663,766 4,672,189 8,423
4,641,470 *3,922 4,644,885 4,653,273 8,388
88,055 88,055 88,379 324
1,650,513 -3 1,650,095 1,652,692 2,597
2,902,902 -3,919 2,906,735 2,912,202 5,467
391,556 391,556 391,572
78,783
189,073
426,929
52 ,031
78,783 79,725
189,073 189,086
429,630 429,679
52 ,031 52 ,040 .9
tatulory special deductions, total .......................... Net operating loss deduction ...... ...................... Dividends received deduction ............. .............
321 309
287 275 '12
197 185
-2
Tax deferred income and income taxable to stockholders . . Distributions to stockholders in cash .......................
4,763.479 2,030,673
4,663,480 1,971,840
4,644,688 1,964,570
Itents unique to Form 1120-DISC: Qualified export receipts ................................. Export promotion expenses .............................. Total amount deemed distributed .........................
25,181,783 751,071 2,420,547
24,954,740 732,184 2.369,283
73,220,272 80,883,495
it ems unique to Form 1120-DISC, Schedule N (Geographic Source of Gross Receipts): Total gross receipts of DISC from all sources .......... Total gross receipts of DISC and related U.S. persons derived outside the United States ..............
*1,571 -7
.5
148
530
-5 -5
.12 5
-6
88,053 36,028
1,650,048 620,191
2,906,587 1,308,351
391,556 128,225
78,783 26,147
189,068 111,892
429,550 197,494
52 ,031 21,063
24,845,353 728,806 2,359,666
723,021 28,538 44,185
5,775,559 252,074 833,997
18,346,772 448,194 1,481,482
1,291,112 42,790 198,016
495,959 14,089 40,519
702,346 17,775 95,808
1,380,183 78 ,190 214,782
239 ,760 18 ,011 25,689
72,256,038
72.021,898
2,038,333
19,584,464
50,399,100
8,938,69
1,371,431
1,996, 335
4 ,701 ,703
629 ,982
79,784,743
79,324,679
1,598,877
22,172,772
55,553,030
9,873,186
1,492.378
2,531,270
5,150,747
623,662
ootnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
-5
131
Corporation Returns/1975 RETURNS OF ACTIVE DOMESTIC INTERNATIONAL SALES CORPORATIONS, FORM 1120-DISC Table 20.-Balance Sheets and Income Statements, by Selected Industries-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Selected industries-Continued Wholesale and retail trade-Continued Retail trade
Wholesale trade-Continued Miscellaneous wholesale trade-Continued Item
umber of returns, total .................................. With net income ........................................
Other durable goods
Paper and paper , product
Drugs, chemicals , and allied products
(12)
(13)
(14)
813
141
732
49
132
44:
Apparel, piece goods, and notions
(15)
Farm-product raw materials
Petrole m andu petroleum products
(16)
(17)
229
223
189
186
Alcoholic beverages
Miscellan eous nond ur. able goods; wholesale trade not allocable
Total retail trade '
(18)
(19)
(20)
Building materials, garden pplies, ansud mobile home dealers
General merchandise stores
121)
(22)
51
.9
399
137
*16
48
*9
344
127
*16
36
548,514
42,822
-1,285
27,132
36
Total assets ................ ................................
1,101,226
255,517
2,100,497
129,402
679,207
272,335
*14,515
Cash .................... .. . Notes and accounts receivable ......................... Less: Allowance for bad debts ...................... . Inventories ...................... ... . ....... .. ....
44,202 652,707 2,489 40 , 199
7,374 113,194 *17 *3 ,552
63,924 1,256,413 5,846 81 ,705
8,293 98,371
22,748 358,515
58,143 120,540
*586
4,146 16,804
69 ,418
18,989 395,109 -4,546 18, 642
6,596 25,788
11 ,099
*504 12,669 784
*2,488
*30
1,907
Other investments . . .............. . . . ... Depreciable assets ........................ .. Less: Accumulated depreciation ......... .. .. . Other assets ............................
75,174 1,473
5,024 534 271 6,488
118,681 21,049 5,974 94 ,901
34,841
*85
91,404 190 46 28, 772
6,616
54 ,986
602,976 1,802 458 99 ,981
*324
.....
287,679 2,202 754 77,480
1 ,376
.8 *138
otal liabilities .............................................
1,101,226
255,517
2,100,497
129,402
679,207
272,335
'14,515
548,514
42,822
-1,285
27,132
*1.230 *789
88,635 13,047
3,276 4,670
.1 * 426
- 3,075
*31,181 35,107
'1,295 *2.162
.1
Accounts payable ... ............. - - .. . ....... Other current liabilities ......................... ... .. Mortgages, notes, and bonds payable in one year or more ............................. . . .. .... Other liabilities ................ .
99,735 41,359
12,130 3,742
203,330 32,848
26,265 16,223
68,098 92,193
18,878 '3,467
4, 713 20,965
*740 5,051
-1 ,499 33,173
*813 2,715
'11 1,348 5,239
'5,111
Capital stock .................. .. Paid-in or capital surplus .................. . . .. ... Retained earnings, unappropriated ..... ..... ......... . Less: Cost of treasury stock .............................
4,664 311 929,703
741 *207 232,906 -
2,268 *2,112 1,825,267 -
1,222 *328 82,022 '186
25,092 -4,128 473,115 -6
3,113
395
242,494 -
12,470 -
375,636 -
30,974 -
'42 *815 -
125 ' 50 20,738 -
'otal receipts ........................................ I ....
2,007,344
399,919
2,886,451
260,234
4,567,692
319,174
'39,087
3,800,604
93,257
-3,981
62,482
Business receipts ................ . ... . . - .... Interest on State and local Government obligations ...... Other interest .... ............... ... ... . ... .. Net short-term capital gain reduced by net long-term capital loss ................. .. .. Net long-term capital gain reduced by net short-term capital loss . .......... . . .. ... . . .
1,962,674
2,804,981 63,399
258,294 1,656
4,546,460 10,382
310,770 5 ,924
*38,359
3,785,162 14 ,731
92,655 519
'3,955 -
62,135
25,494
390,844 7,470
Net gain, noncapital assets .............................. Dividends received from domestic corporations .......... Dividends received from foreign corporations ............. Other receipts ...... .... .. .. . ... ... ... .. ....
-1,085
18,684
1,605
16,986
-2 282
711
'83
.1
Total deductions ..........................................
1,613,687
260,109
2,155,650
(2)
*2,480
213,739
4,358,517
239,424
'35,782
3,639,067
74,748
-3,507
50,652
4,322,100 '344 1,072
215,868 .1
*26,026 -6 -6
68,863
'2,929 -
'49,23(
'32
-
3,543,339 582 -4 4,247 209
1,084 -1,113 .1
'27 -
1,346 3,553 -2 6 49
402 '70 -2
.1 -
-2,617 -
226,856 '168 -2 *75 *188
1,938,331 3,685 37 2.112 1,151
182,156
Taxes paid ............ . .. . .. ...... Interest paid ........... ............... . . . . Contributions or gifts ................ ....... ............ Amortization ....... . ..... ..... Depreciation ........
3,614 1,235 54 95 324
552 '171 -
3,533 1,092
1,000 328
5,758 3,372
33 851
75
3 1,290
Advertising ....................... ... . ... . ..... . ... Pension, profit-sharing, stock bonus, and annuity plans .. Employee benefit programs .......... ................. . Net loss, noncapital assets ........... .... ......... . . Other deductions ............. .. . - -
2,452 425 143
'24 -
82,522
31,364
438
674 '46 28,128
23,327
21,155
46,495 46,495 46,597 102 .1 .1
209,175 209,175 210,540 1,365
79,750 * 1,218 80,968 81,211
:54 54 -
~6 -6 -
.9
' 204 -
'27
101.1 -
i
-3
4,646 ' 17 81,024 161,537 161,537 162,214 677
' 32 ' 35 4,488
'480
1,11!
18,509
*474
18,736 18,758
*474 ' 474 -
11,83( 11,831 11,831 -
Total receipts less total deductions ........................ ncludable income of Controlled Foreign Corporations ...... Net income fless deficit) ............ Net income ............. . .. . Deficit ........................ . .. . ..
393,657 393,571 394,421 850
139,810 139,810 140,008
Statutory special deductions, total .......................... Net operating loss deduction ...... . . Dividends received deduction .....
-
-2 -2 -
393,571 148,034
139,808 77,637
730,801 348,069
46,494 18,821
209,121 85,612
80,962 39,064
'3,305 * 424
161,537 103,869
18,647 7,19 1
*474 '244
11,83 4 .52 5
Items unique to Form 1120-DISC: ...... Qualified export receipts ............. . Export promotion expenses ....... ... .. ..... .. . Total amount deemed distributed ..... - -
1,988,551 53,249 197,553
398,315 11,813 70 ,463
2.877,568 104,886 382 ,953
259,951 20,679 23, 194
4,556,845 15,262 107 ,934
317,914 8,854 41 , 765
*38,380 -6,843 1 ,663
3,799,888 55,753 81,143
93,397 3,363 9,538
'3,978
62,42 3 E0 4 6,04 1
Items unique to Form 1120-DISC, Schedule IN (Geographic Source of Gross Receipts): Total gross receipts of DISC from all sources ............ Total gross receipts of DISC and related U.S. persons derived outside the United States ., .......
4,091,343
1,396,065
5,648,946
744,193
14,947,787
851,937
*48,800
5,032,519
218,171
*3,978
151,10 6
4,361,266
1,468,061
16,446,202
711,973
16,039.573
953,715
*75,534
5,825,463
444,094
*3.954
293.3, 1
Tax deferred income and income taxable to stockholders Distributions to stockholders in cash ...... ............ .
730,801 730,801 731,804 1,003
'289
10,838
1,515,276 4,235 53 2,067 1,141
5,513 869 735 -6 197,631
2,305
-
(1)
Cost of'sales and operations ........... ... ..... .. Compensation of officers .................... . Repairs .................... .. - - .. Bad debts ..................... ... .... .. . .. .. . Rent paid on business property ......... ................
(1)
(1)
(1) (2)
Footnotes at end of table, See text for "Explanation of Terms' and "Description of the Sample and Limitations Of the Data."
(1) (2)
132
Corporation Returns/1975
RETURNS OF ACTIVE DOMESTIC INTERNATIONAL SALES CORPORATIONS, FORM 1120-DISC Table 20.-Balance Sheets and Income Statements, by Selected Industries-Continued JAII figures are estimates based on samples-money amounts are in thousands of dollars]
Item
Selected inclustries-Continued Wholesale and retail trade-Continued Retail trade-Confinued mance. Automotive Furniture insurance, and Total Apparel and Miscellan. dealers and home real estate services accesso ry eous retail and service furnishings stores stores stations stores (23)
(24)
(25)
(26)
Services
(28)
(27)
Business services. a except dvertising
Motion picture production, distribution and services*
Miscellaneous services, not elsewhere classified
(29)
(30)
(31)
Number of returns, total .........................................
.8
.9
'17
48
53
136
34
*20
With net income ...............................................
-5
.9
*17
41
48
95
'22
*17
56
Total assets ......................................................
-5,744
*668
-3,305
3,123
62,293
120,932
5,977
'54,155
60,800
Cash ............................. .............................. Notes and accounts receivable ................................. Less: Allowance for bad debts ................................ Inventories ......................................................
'16
'1,881
362 2,112 .5
1.483 '5.734 -
2,431 88,230 '1,788
372 -1,845 *1,111
'571 -7
1,488 45.150 '670
Other investments ............................................... Depreciable assets ............... ..... Less: Accumulated depreciation .. ... Other assets .................................. I .................
'79
'388 -
.5 .1 '30
54,115 961
20,449 341 7,789
-2 '2.617
*1 1,545 '797
4,375
Total liabilities ....................................................
-5,744
3,123
62,293
120,932
5,977
'54,155
60,800
'844 1,650
5,347 2,506
-
Account s payable ............................................... Other current liabilities .......................................... Mortgages, notes, and bonds payable in one year or ther me' el
10 .2
*668
-3,305
-6 .1
'829
-
ties .................
*196
Capital stock .................................................... Paid-in or capital surplus ................. ....................... Retained earnings, unappropriated .............................. Less: Cost of treasury stock ........................ ...........
-3,751 -
'637 -
Total receipts ....................................................
'14,753
*281
Business receipts ... ........................................... Interest on State and local Government obligations ............. Other interest ................. .... Net short-term capital gain reduced by- net fo*g-ierm' loss ............................................ .............. Net long-term capital gain reduced by net short-term capital loss ............................................ ..............
'14,701 '52
(2)
127,324
4,874 -
'258 4,691
122,962 4,357
1,580
-2
-5
.1
-3
3,832
94
52,030
1,104
'11,345
39,581
-3,571 -
-
35,524
-
-2,052
33,472 '244
.1
-4 213
-4 -
.177
26
408
-7 -
322 '250
.1
Total deductions .................................................
'11,580
*19
-5,068
Total receipts less total deductions ............................... ncludable income of Controlled Foreign Corporations ............. Net income (less deficit) ..................... .................... Net income ..................................................... Deficit ....................................................... Statutory special deductions, total ....... ......................... Net operating loss deduction .................................... Dividends received deduction ................................
'17 -
18 .1 -
185
5
(2)
(2)
'227
-1,299
221
'784
1,101 1,123
tems unique to Form 1120-DISC: Qualified export receipts ........................................ Export promoti n expenses .... ................................ Total amount 'odeemed distributed ................................
*14,979 1.504 -1,725
(1)
-14,979
(1) (1)
*14,926
1,052
*Estimate anould be used with caution because of the small number of sample returns on which it is based. I Includw Industries which we not shown separately. 21-m than $500 per return. 'The data were not talbulated. NOTE: Sea text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
71,503 68.763 -
'24
22
14,970
4,857 4,857 4,859 -2
75,294 75,294 75,704 410
.1
1,500
327 52,375
-4
.9 -
Tax deferred income and income taxable to stockholders ......... Distributions to stockholders in cash ..............................
Item unique to Form 1120-DISC, Schedule N (Geographic Source of Gross Receipts): Total gross receipts of DISC from all sources ................ Total gross receipts of DISC and related U. S. persons derived outside the United States ..................
4 .1 .1
'32 -1,372
'50,990
4,951
.1
Advertising ...................................................... Pension, profit-sharing, stock bonus, and annuity plans ......... Employee benefit programs ..................................... Net loss, noncapital assets ..................................... Other deductions ....... ........................................
-4,831
1,033
4,933
-
-7
-
'68 -2 '51,591 -
-5,852
-
(1)
112
60,344 -
Net gain, noncapital assets ..................................... Dividends received from domestic corporations ................. Dividends received from foreign corporations .................... Other receipts ................................ ...... I ... : .......
*87
507 '17 109,586
-1,276 -
-
Taxes paid ...................................................... Interest paid ......................... ................... Contributions or gifts ............................................ Amortization ..................................................... Depreciation .....................................................
-
'339
127 2,200 -
-
'27
'22 1,080
-
Cost of sales and operations ................................... Compensation of officers ......................... .............. Repairs ......................................................... Bad debts ....................................................... Rent paid on business property .................................
6.258 4,250
82
4,866 3,727 3,727 -3,770 '43
'39,645 -
-
-
'39,646 .1
31,922 31,922 32,288 '34 -
4,857 29,821
75,260 20,996
3,727
5,212 143 699
4,949 6 3,073
127,315 13,465 38,228
1,020 1,885
'7,681 *20,157
71,497 4 764 16)86
-6,589
26,058
27,774
743.Cl 1
-120,289
-158,866
464,656
-5,702
110,730
60,213
864,808
-119,640~
-216,426
528,741
-5,850
31,888 1 2,469
133
Corporation Returns/1975 RETURNS OF ACTIVE DOMESTIC INTERNATIONAL SALES CORPORATIONS, FORM 1120-DISC
Table 21.-Balance Sheet and Income Statement Items,as shown on Form 1120-DISC, 1974 and 1975 [All figures are estimates based on samples-money amounts are in thousands of dollars] Amount
Amount Item
5,498
6,431
5,075
5,775
9,406,527
11,832,458
9,387,800 370,322 39,351 466 ,390 6,226,287
11,810841 464:709 26,960 555 ,119 7,491,031
Export property ............................ ....... ........................ Producer's loans ..................... .............................. ....... Investments in related foreign export corporations .......................... Depreciable assets (net) .............. I .................................. ... Other assets (net) ............................................... .......... ............... Nonqualified assets (net) ....................................
632,387 925,600 5,266 76,643 645,553 18,728
593,781 1,650,689 30,634 26,927 970,990 21,617
Total liabilities and stockholders' equity ........................................
9,406,527
11,832,458
Accounts payable ... - ....... ................................... _ ............ Other current liabilities ............ ............................................. Mortgages, notes, bonds payable in one year or more .... .................... Other liabilities ................................ .... - .......................... Capital stock ........ .......... .......... .....................................
1,587,656 453,423 69,975 193,289 49,931
1,167,992 567,005 95,884 260,975 62,390
Paid-in or capital surplus .... ............................ ...................... Other earnings and profits ................ ..................................... Previously taxed income ........................................................ Accumulated DISC income ...................................................... Less: Cost of treasury stock ........................ .................... ......
88,872 14 ,478 2,069,137 4,880,984 1,219
106,604 28 ,822 2,346,584 7,198,961 2,760
Total receipts ....................................................................
24,157,733
25,265,419
Total qualified export receipts and nonqualified receipts ................. __ .... Qualified export receipts: Total .............. ................................................... ..... Qualified export receipts from the sale of export property ..................
24,162,830
25,268,999
24,095,618 23,688,294
25,181,783 24,587,663
Other qualified export receipts: ........... Total ........................... ......................... Leasing of export property ............................................. Services related to qualified export sale or lease .. ~ ................... Engineering and architectural services . ................................. Export management services ...........................................
407,324 41,165 87,481 66,006 2,470
594,120 46,251 129,162 88,242 4,554
Qualified dividends . .................................................... Interest on producer's loans ........................... ................ Other interest ...... ................................................... Net capital gains ....................................................... Net gain (less net loss), noncapital assets .............................
7,247 36,518 165,159 32 1,247
'12,333 96,142 215,708 * 113 1,618
Number of returns, total .......................................................... With net income .................................... . Total assets
...................................................................... Qualified assets: Total ................................. ............................................... Working capital ....... ..................... Funds awaiting investment ....................... Export-Import Bank obligations .............................................. ..................... Trade receivables (net) ........ ..................
Nonqualified receipts: Total ................... ........................... ......................... Ultimate use in U.S. ............ ........... ............................ Exports subsidized by U.S. Government .... .......................... Certain sales or leases for use by U.S. Government ..................... 1
Item
1975
1974
67,213 30,660 1,634 1,300 1
87,217 30,216 *401 '1,165
1975
1974
Total receipts-Continued Total qualified export receipts and nonqualified receipts-Continued Nonqualified receipts-Continued Sales to related DISC's .......................... . .. ......... .. . .. ... ... .. Nonqualified dividends .......................... Other nonqualified receipts ........ ............. .......................
18 33, 600
Adjustments to receipts: ......... Interest on Stale and local Government obligations Net loss, noncapital assets ................................................. Corporations .............. Less: Includable income of Controlled Foreign
2, 086 9 7,193
*4.149
Total deductions ............................................................... Cost of sales and operations ........... _ ..................................... Export promotion expenses: Total .............................................................. I ........ Market studies ...... ..................................................... Advertising ................................................... I ............ Depreciation ....... ............................................ ..........
19,382,031 18,140,589
20,505,276 19,230,609
666 ,341 7,784 51,186 3 ,125
751 ,071 9,291 29,375 5 , 182
Salaries and wages ....................................................... Rents ..................................................................... .................... Sales commissions ........................ .. ..... . . ....... ... Warehousing ........... ........... ................................... (excluding insurance) ... ............................. Freight Compensation of officers ..................................................
101,878 11 ,381 212,801 14 ,596 72,168 25 ,731
112,327 11 ,331 224,593 17 , 136 53,821 23 ,413
Repairs ................................................................... Amortization .......... ........................................... ........ .. .. . Pension , profit sharing, stock bonus, and annuity plans ................... Employee benefit programs .................................... Other export promotion expenses .........................................
1,667 457 4,826 4,412 154,327
2,026 396 5,116 3,856 253, 208
Other expenses: Total ................ __ .................................................... Bad debts . ................................................... Taxes ..................................................................... Interest ............................ ................................... I ...
575,092 28, 403 34,538 20, 970
523,536 17 ,226 38,795 20 ,145
.. . . Contributions .............................................................. Freight ........................................................ Freight insurance ....... __ .......................................... ... Other expenses ...................... .................................... Net loss, noncapital assets ..................................................
517 264 ,861 9,142 216 ,661 9
588 215 ,384 3,025 228 ,374 '59
Total receipts less total deductions ................................... .......... Net income (less deficit) .......................................................... Net income ............... .................................................... Deficit .............................. ................... ................ I .....
4,775,702 4,780,809 4,783 ,758 2,949
4,760,143 4, 763,785 4, 772,622 8,836
Statutory special deductions: Total .......................................................................... Net operating loss deduction ......................................... ...... Dividends received deduction ................................................
861 857 4
321 308
Tax deferred income and income taxable to stockholders ....................... Total amount deemed distributed ..................... ............ 11 ............ Total amount actually distributed ......................................... I ......
4,783,354 2,416,475 1 ,526 ,830
4,772,360 2420547 2:030:665
-8 '25 55 ,399
11
* Estimate Should be used with caution because of the small number of sample returns on which it is based. of Terms section. Refer also to the "Description of the Sample and Limitations NOTE: Detail may not add to totals because of rounding. See the explanation under"Domestic International Sales Corporation Returns" in the Explanation of the Data."
I
134
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS -Table 22.-Depreclation Under Class Life Asset Depreciation Range (CLADR) System, by Major Industry JAII figures are estimates based on samples-money amounts are in thousands of dollars) Total returns of actNe corporations Depreciation deduction
Major industry Num ber of returns
Depreciable assets
(2)
(1)
Number of returns
Amount
(3)
(4)
Returns vvith depreciation from statements for assets acquired in 1971-75 under Class Life Asset Depreciation Range (CLADR) System . Consolidated returns Total number of returns
(5)
Number of returns With no subsidiaries Total using (CLADR) system
Number of subsidiaries
(7)
(6)
Total
Using (CLAOR) system
(8)
(9)
All industries ..............................................
2,023,647
1,276,564.500
1,693,547
86,295,664
9,155
2,451
1,092
25,653
Agriculture, forestry, and fishing ................................
56,280
12,044,145
51,192
1,059,799
160
10
3
93
Mining ............................................................
14,242
32,006,156
11,801
2,166,642
255
56
23
593
112
Metal mining .................................................... Coal mining ..................................................... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
1,089 2,474 7,340 3.339
5,418,938 5,490,023 16,040.479 5,056,716
616 2,297 5,864 3,024
309,759 577,846 920,507 358,530
11 20 180 44
7 7 26 '16
11
159 59 220
31 36 27
Construction ......................................................
191,219
28,43~,327
166,951
2,846,195
441
61
32
428
105
General building contractors and operative builders .............. Heavy construction contractors .................................. Special trade contractors ........................................
74,587 15,197 101,435
9,557,528 10,808,266 8,069,533
60,177 14,268 92,506
818,772 1,090,087 937,336
79 245 117
33 22 6
17 12 3
221 156 51
64
Manufacturing .....................................................
217,354
500,263,386
197,371
34,663,115
3,150
1,194
535
11,968
2,713
Food and kindred products ...................................... Tobacco manufactures .......................................... Textile mill products ............................................. Apparel and other textile products ........................... _ Lumber and wood products .....................................
14,442 39 5,390 15,944 13,051
38,716,869 3,782,044 12,479,209 3,468,735 15,086,656
13,736 38 4,631 14,474 12,213
2,851,285 290 ,239 875,400 286.172 1,170,506
208
116
49
1 , 054
270
262 77 214
90 33 32
50 8
520 602 252
89 183 60
Furniture and fixtures ........................................... Paper and allied products ....................................... Printing and publishing .......................................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
7,614 3,565 31,431 9,695 1,622
2,583,700 20,983,960 13,984,810 56,112,821 89,925,248
7,181 3,432 27,246 8,544 1,236
196,869 1,378,113 1,089,239 3,777,231 .4,150,789
57 166 489 248 43
16 52 129 126 39
100 485 843 1 ,286 1,499
96 285 297 261
Rubber and miscel aneous plastics products .................... Leather and leather products ........ I .......................... Stone, clay, and glass products ................................. Primary metal industries ......................................... Fabricated metal products ........................................
7,386 2,297 10,136 4,135 28.666
10,273,603 1,466,716 18,587,691 60,994,218 20,179,853
6,586 2,144 9,531 4,045 27,066
864,507 108,279 1,261,563 2,976,776 1,505,666
117 20 120 152 279
16
10
114
56 68 77
21 23 33
458 796 474
16 194 100
Machinery. except electrical ..................................... Electrical and electronic equipment ................... ......... Motor vehicles and equipment .................................. Transportation equipment, except motor vehicles ................ Instruments and related products ............................ Miscellaneous manufacturing and manufacturing not allocable ...
25,880 11,517 2,107 3,868 6,053 12,516
38,802,082 29,915,349 33,967,453 14,411,712 9,405,817 5,134,840
23,228 10,186 1,887 3,578 5.299 11,090
3,564,457 2,863,937 3,081,473 1,138,527 786,955 445,132
303 137 56 42 73 75
125 75 40 25 32 37
61 39 17 9 17 22
1 , 003 905 593 302 276 270
239 194 78 88 75 45
rransportation and public utilities ...............................
80,701
438,171,288
72,356
23,197,803
886
394
183
3,079
1,201
Transportation .............. .................................... Communication ................. ..................... .......... Electric, gas, and sanitary services ..............................
63,644 8,634
92,984,186 121,941,512 223,245,590
56,468 8,121 7,767
5,932,271 8,393,476 8,872.056
460 185 241
207 45 142
114 18 51
1 ,301 556 1,222
379 242 580
Nholesale and retail trade ......................................
614,632
98,210,709
552,784
8,717,279
2,235
326
148
4,218
1,390
Wholesale trade ........ .... ............. I ............. I ......... Gro&ries and related. products ...... ........................ Machinery, equipment , and. supplies ...... .................... Miscellaneous wholesale trade ................................
219,769 20 ,418 46,455 152,896
35,498,190 4,844,302 5,312,235 25,341,653
188,169 18,273 40,175 129,721
3,250,408 453,517 645,244 2,151,647
663 63 110 490
145 25 23 97
63 5 13 45
1,366 582 90 694
668 450
Retail trade ..................................................... Building materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ......................
394,647 32,231 10,291 29,997 67,634
62,687,205 3,596,516 16,885,148 12,160,735 7,627,673
364,405 30,377 9,346 28,419 63,320
5,464,090 300,619 1,223,867 1,112,931 820,912
1,572 135 45 84 250
181 3 34 56 38
85 18 23
2 ,852 13 847 484 120
722 3 71 113
Apparel and accessory stores .............................. Furniture and home furnishings stores ........................ Eating and drinking places ......... .......................... Miscellaneous retail stores ....................................
36,802 35,546 76,935 105,211
2,640,761 1,922,281 9,819,558 8,034,533
34,139 32,164 72,369 94,271
241,137 173,190 839,254 752,180
646 -8 234 170
18 16
.10 5
325 730
176
Wholesale and retail trade not allocable ........................
216
'25,314
210
2,781
-
-
-
-
-
IFinance, Insurance, and rdal estate .............................
411,846
107,177,104
291,484
6,877,795
805
290
120
4,114
456
Banking .................................... .................... Credit agencies other than banks ............................... Security, commodity brokers, and services ......... ............ Insurance ........... ........................................... Insurance agents, brokers, and service ......................... Real estate ..................................................... Holding and other investment companies, except bank holding companies .............. .....................................
14,118 52,873 4,580 7,133 35,950 255.603
22,199,992 9,502,071 678,928 8,069,898 901,579 60,214,740
13,958 21,568 3,537 4,854 28,088 205,424
2,528,005 609,470 79,436 965,136 118,841 2,389,536
336 71 19 74 .8 282
166 38 10 27 3 34
47 16 5 14 30
1 ,486 2,086 68 256 54 122
343 37 13 28 24 6
41,589
5.609,896
14.055
187.371
'15
'12
Sentices ..........................................................
435,672
60,178,165
348,612
6,760,323
1,223
120
48
1,160
305
Hotels and other lodging places ................................ Personal services ............................................... Business services Auto repair; Miscellaneous * '* . . repair .. ..... services .............................. ...... *-- '' Amusement and recreation services ............................. Other services ................... ........................
16,047 37,666 110.294 50,015 37,901 183,749
10,854,369 3,935,832 14,146,002 9,503,722 10,345,855 11,392.385
15,098 34,729 87,065 43,796 28,542 139,382
620.064 371,405 1,868,861 1,651,540 1,350,858 897,595
83 20 222 78 214 606
4 50 27 11 18
52 280 117 119 a98
26 110 .9
Inature of business not allocable .................................
1,701
78,220
996
6,713
24 64 60 8
6,298
6
200
.8
-5
5
. See text for 'Explanation of Terms'and "Description of the Sample and Limitations of the Data.
I
122
Corporation Returns/1975
135
RETURNS OF ACTIVE CORPORATIONS Table 22.-Depreciation Under Class Life Asset Depreciation Range (CLADR) System, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars]
Major industry
Returns with depreciation from statements for assets acquired in 1971-75 under Class Life Asset Depreciation Range (CLADR) System-Continued Depreciation from statement Depreciable Depreciation assets deduction Number of Amount returns
Cost or other basis Number of returns
Amount
(10)
(12)
(13)
(14)
(15)
Net incoin a (less deficit)
Total income tax
(16)
(17)
All industries ..............................................
9,035
238,354,902
8,971
27,052,104
813,325,850
49,742,203
63,283,615
Agriculture, forestry, and fishing ................................
159
122,885
159
15,444
885,716
49,439
16,077
17,859
Mining ............................................................
255
2,732,392
254
343,143
11,779,111
739,232
1,370,180
707,395
Metal mining ................................ ................... Coal mining ..................................................... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels .... .........................
11 20 180 44
688,316 580,013 1,146,185 317,878
11 20 179 44
79,293 73,710 149,455 40,685
4,117,819 1,627,835 4,852,685 1,180,772
226,618 117,686 305,946 88,982
8,446 431,607 872,647 57,480
'47,035 199,900 424,764 35,696
Construction ......................................................
436
1,176,197
432
178,426
3,339,820
287,352
173,947
106,158
General building contractors and operative builders ............. Heavy construction contractors .................................. Special trade contractors ..................... ..................
79 240 117
426,606 672,136 77,455
70 245 117
62,009 105,315 11,102
1,204,142 1,810,724 324,954
103,490 160,091 23,771
46,526 95,646 31,775
23,311 65,233 17,614
Manufacturing ....................................................
3,132
96,120,673
3,036
12,509,020
358,795,647
23,708,621
46,331,530
21,601,077
Food and kindred products ..................................... Tobacco manufactures .......................................... Textile mill products ............................. 1. ~ I ............ Apparel and other textile products .............................. Lumber and wood products .....................................
208 *12 257 77 213
5,984,302 *1,537,189 2,106,571 302,693 1,732,357
208 '12 262 77 214
818,808 '178,416 301,758 44,418 194,202
21,707,862 *3.449,538 8,428,096 1,079,680 6,901,180
1,619,134 0274,633 581,059 90,201 521,805
4,347,045 1,242,283 312,939 280.859 278,176
2,056,517
Furniture and fixtures ........................................... Paper and allied products .......... ............................ Printing and publishing ............. _ .......................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
57 164 487 248 42
120,396 4,443,490 1,639,456 14,080,117 17,864,356
57 166 397 246 43
16,024 538,110 234,182 1,779,141 1,848,287
561,927 15,821,161 6,443,699 45,562,906 81,518,843
37,048 999,740 479,025 3,098,964 3,839,444
76,625 1,630,794 1,514,248 6,482,443 16,762,407
36,207 703,754 702,067 3,068,631 7,303,706
Rubber and miscellaneous plastics .............................. Leather and leather products ................................... Stone, clay, and glass products ................................. Primary metal industries .................... .................... Fabricated metal products .......................................
117 20 120 151 277
1,867,922 44,742 2,758,640 9,114,889 2,290,770
117 20 120 152 273
250,942 5,940 351,735 957,613 302,010
6,228,432 283,826 10.438,728 52,152,328 8,575,651
484,662 18,153 677,787 2,417,794 613,878
458,503 68,785 537,505 1,653,077
217,711 33,304 267,879 771,558 588,663
Machinery, except electrical ........................ ............ Electrical and electronic equipment ............................. Motor vehicles and equipment .................................. Transportation equipment, except motor vehicles ................ Instruments and related products ............................... Miscellaneous manufacturing and manufacturing not allocable ...
301 137 55 42 72 75
5,559,255 8,426,588 12,200,559 2,033,988 1,536,612 475,781
295 135 56 42 73 71
782,322 1,177,442 2,093,225 344,325 216,289 73,831
18,167,574 21,847,331 31,891,301 10,414,212 5,378,194 1,943,178
1,572,780 2,087,182 2,911,144 851,758 377,241 155,189
2,518,360 2,021,272 2,369,865 858,286 1,343,565 363,369
1,178,911 959,G96 1,392,870 416,004 649,253 169,639
Transportation and public utilities ...............................
878
122,080,071
875
11,483,148
390,551,321
19,875,315
8,752,914
4,244,121
Transportation ................................... ............... Communication ............... : .................................. Electric, gas, and sanitary services ......................... ....
455 184 239
14,797,820 50,839,090 56,443,161
451 185 239
1,946,358 5,197,830 4,338,960
60,380,230 115,759,638 214,411,453
3,498,846 7,906,321 8,470,148
751,567 3,227,307 4,774,040
596,346 1,536,316 2,111,459
Wholesale and retail trade
30,084,766
229,717 139,304 125,347
......................................
2,157
7,885,073
2,213
1,121,518
25,629,924
2,066,859
3,788,578
1,910,257
Wholesale trade ................................................. Groceries and related products ............................... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade ................................
645 63 109 473
1,325,812 129,156 109,072 1,087,584
652 63 106 483
182,738 20,194 18,401 144,143
4,584,268 569,429 291,954 3,722,885
371,403 53,044 34,764 283,595
794,786 82,398 103,573 608,815
429,239 40,663 53,441 335,135
Retail trade ............................................. ....... B uilding materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ......................
1,512 81 45 83 250
6,559,261 76,930 3,738,000 1,919,070 213,650
1,561 131 45 84 250
938,780 12,050 497,628 299,389 43,563
21,045,656 293,346 13,163,733 4,747,867 310,867
1,695,456 26,184 952,419 464,197 53,185
2,993,792 -8,986 2,117,362 423,096 29,246
1,481,018 8,177 996,763 262,611 12,408
Apparel and accessory stores . ............................... Furniture and home furnishings stores ........................ Eating and drinking places .................................... Miscellaneous retail stores ....................................
646 .8 233 166
47,694 ' 1,415 318,336 244,166
646 -3 233 169
7,478
212,185
45.496 33,041
1,226,012 1,083,344
18,911 1,383 91,833 87,344
80,599 -4,002 113,607 234,866
29,431 -1,291 61,393 108,944
-
-
Finance, insurance, and real estate .............................
795
4,819,189
787
709,511
12,979,681
1,775,590
2,495,007
1,313,194
Banking ......................................................... Credit agencies other than banks ............................... Security, commodity brokers, and services ......... ............ Insurance ..................... ........... ....... ............. Insurance agents, brokers, and service ......................... Real estate ...................................... . ..... .... Holding and other investment companies, except bank holding companies ....................................................
334 67 19 70 -8 282
3,641,603 438,597 23,402 493,626 '22,352 157,628
336 58 19 71.8 280
550.987 57,007 5,439 66,879
7,892,437 1,990,888 90,927 1,909,233 '42,371 777,984
1,276,478 202,580 12,139 227,913 '7,030 41,136
1,451,632 346,946 98,996 613,200 2,182
694,939 168,315 43,969 384,065 11,756 9,125
Wholesale and retail trade not allocable ........................
Services ..........................................................
18,056
'15
-
'275,841
1,223
3,418,422
Hotels and other lodging places ................ - .. - - .. Personal services ............................................... Business services ............................... .. .. - .. Auto repair; miscellaneous repair services .......... ........ ... Amusement and recreation services ......... ... ... Other services ... .......... ....... ............................
83 20 .222 78 214 606
160,263 140,170 1,265,258 1,188,129 424,466 220,116
Nature of business not allocable ................................
-
-
-
-1,025
691,894
9,364,630
1,239,795
355,382
184,705
83
20,741
222 74 214 606
276,160 269,293 48,430 35,872
1,158.866 333,313 2,729,568 2,549,130 1,155,918 1,437,835
77,074 67,025 429,582 461,478 108,527 96,109
36,716 26,870 105,057 -9,872 122,275 74,336
'19,553 1 5,234 49,670 7,298 59,669 33,281
-
-
-
-
-
J 'Estimate should be used with caution because of the small number of sample returns on which it is based, 'Data deleted because of the small number of sample (alums on which they are based. Deleted data are included in the appropriate totals. NOTE: See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Date,"
136
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 23.-Depreclation Under Class Life Asset Depreciation Range (CLADR) System, by Size of Total Assets [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns with depreciation from statements for assets acquired in 1971-75 under Class Life Asset Depreciation Range (CLADR) System Consolidated returns Number of subsidiaries Number of returns Total With no subnumber of sidiaries Using (CLADR) returns Total Total using (CLADR) system system
Total returns of active corporations Depreciation deduction
Size of total assets
Number of returns
Depreciable assets
(2)
(1)
Number of returns
Amount
(3)
(4)
(6)
(5)
(7)
(8)
(9)
Total .......................................................
2,023,647
1,276,564,500
1,693,547
86,295,664
9,155
2,451
1,092
25,653
6,298
Under S100.0001 ................................................ . S100,000 under S250,000 ......................................... S250,000 under $500,000 .... .................................... S500,000 under $1,000,000 ....................................... $1,000.000 under S5.000,000 .... ................................. $5,000,000 under S10,000,000 ....................................
1,177,729 378,642 203,392 122,584 101,333 15,091
23,255,958 32,367,799 35,879,576 39,809.307 86,559.957 33,939.926
908,382 346,591 189,581 115,191 95,733 14,388
2,845,477 2,840,064 2,915.334 3,278,586 6,997,425 2,637,065
1,543 1,023 693 765 1,679 660
14 '25 '67 297 212
3 '25
74 125
38 -
183 145
958 596
584 106
$10,000,000 under S25,000,000 ................................... $25,000,000 under $50,000,000 ....................... ........... $50,000,000 under S100.000,000 .................................. S100,000,000 under S250,000,000 ................................. $250,000,000 or more .............................................
12,215 5,567 3,068 2,144 1,882
1,378,176 35,130,838 37,735,192 69,427,297 841,080,474
11,637 5,302 2,903 2,020 1.819
3,156,351 2,478,134 2,717,439 4,701,708 51,728,081
719 460 364 420 829
314 247 254 312 709
189 117 107 117 177
1,231 1,796 2,047 3,566 15,163
270 627 499 1,186 2,937
Returns with depreciation from statements for assets acquired in 1971-75 under Class Life Asset Depreciation Range (CLADR) System-Continued Cost 0 or ther basis
Size of total assets
Depreciation from statement
(10) 238,354,902
Total ......................................................................................
436,261 34,160 74,653 153,980 994,561 1,044,602
Under $100,000, .................................................................. $100,000 under $250,000 ....................................... ... ..... .. .... .. . . . . .. ... $250,000 under $500,000 ..... ............................. ... ............. $500,000 under $1,000,000 .... ............................................................ I .... $1,000,000 under S5,000,000 ......................... .. ... ... ... .. .... ... .. . . .... . $5,000,000 under $10,000,000 ....................... .. ... ... ... . .. ... .... - - - -
2.207,656 2,705,993 3,630,442 9,366,279 1 217,706,315 1
$10,000,000 under $25,000,000 ....................... .... ..... . ..... .. . ........ .. $25,000,000 under $50,000,000 ............... ..... ........ ... . ... ........... $50,000,000 under $100,000,000 ............... ....... .......... . . .... ...... . ... .... $100,000,000 under $250,000,000 ....................................... ..... ... . . .......... $250,000,000 or more ............................................. ............. . ... .....
27,052,104 26,349 5,838 11,021 19,121 145,237 147,144 294,361 364,781 502,136 1,207,677 24,328,439 1
Depreciable assets
Depreciation deduction
Net income Vess deficit)
Total income tax
(12)
(13)
(14)
(15)
813,325,850
49,742,203
63,283,615
32,160 117,465 205,877 396,319 2,787,620 2,917,327
52,345 12,372 20,093 39,030 266,641 263,568
57,882 10,302 29,195 38,024 285,442 278,480
37,361 8,744 5,837 19,782 152,266 163,165
958,177 1,236,252 1,559,958 4,094,63 54,735,273
494,914 610,725 B09,079 028,590 25:754,303
7,142,717 9,503,327 13,602,750 36 :486 :483 740133605
569,222 726,573 1 032,636 2 ,:493,8051 44265,9181
1 'Estimate should be used withcaution because of the small number of sample returns on which it is based. 'Includes returns with ~ero assets. NOTE: Classification by sae was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.
01
30,084,766
Corporation Returns/1975
137
CONSOLIDATED RETURNS OF ACTIVE CORPORATIONS Table 24.-Balance Sheets and Income Statements, by Industrial Division [All figures are estimates based on samples-money amounts are in thousands of dollars)
Item
Total consolidated returns~
(1)
75 76 77 78 79 80
Number of consolidated returns, total ................... With net income ......................................... Number of subsidiaries ................................... Total assets ............................................... Cash ..................................................... Notes and accounts receivable . ~ ...... ___ ............ Less: Allowance for bad debts ......................... Inventories .......... ........ ............ .......... Investments in Government obligations: United States .............. ... ............... ... State and local ......... _ ...... _ _ ................ Other current assets .......... ................. I ... - ... Loans to stockholders ... .................... ............ Mortgage and real estate loans .......................... Other investments ... ......... ........................... Depreciable assets ................................ ... Less: Accumulated depreciation ........................ Depletable assets ............ ............................ Less: Accumulated depletion ........ __ .......... .... Land ........... ___ ... ............................... Intangible assets (amortizable) ......... ................ _ Less: Accumulated amortization ........ ...... _ ....... Other assets .............................................. Total liabilities ............................................. Accounts payable ........................... ............. Mortgages, notes, and bonds payable in less than one year ..................... ........ ........... Other current liabilities ...... ............................. Loans from stockholders .................... ............ Mortgages, notes, and bonds payable in one year or more ....................................... Other liabilities .......... ........... ......... _ .......... Capital stock . ............................................ Paid-in or capital surplus ............. ................... Retained earnings, appropriated .............. ........... Retained earnings, unappropriated ......... .............. Less: Cost of treasury stock .............. .............. Total receipts .............................................. Business receipts ..... ............ ...................... Interest on Government obligations~ United States ...... ........................ ...... State and local ................. ........ .............. Other interest ..... ..... - ... ....................... ... Rents ...................................... ...... ....... Royalties ........... ......... ........................... Net short-term capital gain reduced by net long-term capital loss o ......... ................... Net long-term capital gain reduced by net s hort-term . . . capital loss ............................................. Net gain, noricaptal assets ..................... ......... Dividends received from domestic corporations ........... Dividends received from foreign corporations .... __ ..... Other receipts ............................................ Total deductions ........................................... Cost of sales and operations ......... ................... Compensation of officers .............................. Repairs ........................... ................. Bad debts .............. ............................ ... Rent paid on business property .......................... Taxes paid .... ..................................... Interest paid .............................................. Contributions or gifts ... ......... ....................... Amortization ..... ......................... .............. Depreciation .............................................. Depletion .......... ...................................... Advertising ................... .................... ....... Pension, profit-sharing, stock bonus, and annuity plans ... Employee benefit programs ............................... Net loss, noncapital assets . . ~ ............................ Other deductions ......................................... Total receipts less total deductions ................. - ..... Constructive taxable income from related foreign corporations ... ............................. __ ...... Net income (less deficit) (line 65 plus 66 minus 38) ....... Net income ............. ......... ...................... Deficit ...... .......... .................................. Income subject to tax . ............... 11 ...... .......... Income tax, total ... ................... .................... Normal tax, surtax. and alternative tax ................... Tax from recomputing prior year investment credit ....... Tax from recomputing prior year work incentive (WIN) credit ........... ................................ Additional tax for tax preferences ..................... Foreign tax credit .................................... ...... Investment credit ................ ...... ...... __ ..... Work incentive (WIN) credit ........... ..................... Distributions to stockholders: Cash and property except own stock .................. Corporation's own stock ..................................
Industrial division Agriculture, forestry, and fishing
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
38,307 25,317 132,384 2,676,964,049 197,556,467 740,723,969 18,828,869 187,183,239
465 266 899 4,650,712 255,746 698,393 10,166 569,329
672 401 2,223 52,323,473 1,327,085 12,118,436 59,547 2,787,484
2,647 1,581 6,609 25,182,180 1,709,304 6,322,573 73,697 3,107,626
9,160 6,780 35,408 780,177,922 19,548,146 171,531,915 3,609,417 131,231,109
2,502 1,629 9,591 375,449,751 5,102,446 20,632,593 328,595 12,692,848
9,399 6,991 32,981 113,986,190 6,114,205 28,623,628 841,859 31,849.146
8,042 4,700 27,705 1,285,915,473 161,339,690 493,948,638 13,577,429 2,948,090
5,281 2,962 16,821 39,224,119 2,158,762 6,822,230 327,750 1,990,187
103,367,325 81,221,169 96,396,884 3,098,180 234,051,592 333.613,421 912,462,105 335,478,605 34,578,548 13,199,255 29,539,918 9,106,267 3,032,120 84,603,814 2,676,964,049 161,309,984
29,850 113,068 32,634 67,832 818,707 1,981,089 847,262 35,116 *2,997 396,946 18,507 3,421 475,517 4,650,712 337,140
306,177 76,982 3,111,765 58,459 171,974 11,001,290 24,152,663 8,627,148 5,151,070 2,005,177 518,000 1,033,743 382,265 1,582.482 52,323,473 3,391,183
196,003 90,147 2,140,503 210,415 211,291 3,327,066 9,052,738 3,558,178 117,073 22,823 1,389,008 64,987 14,938 913,082 25,182,180 4,272,286
12,119,901 2,241,860 33,272,501 1,266,633 1,881,126 131,847,856 410,366,943 198,169,508 27,489,004 10,690,738 11,900,282 5,276,969 1,823,375 34,496,715 780,177,922 93,797,683
3,184,787 175,590 11,160,228 373,889 658,741 32,288,309 366,245,921 90,558,276 1,287,145 351,503 3,603,756 1,024,044 283,703 8,541,531 375,449,751 11,906,204
318,820 149,376 5,243,721 224,343 230,695 11,696,152 38,425,990 15,286,784 354,411 82,015 3,136,501 396,937 103,545 3,536,468 113,986,190 20,636,914
86,898,079 78,212,149 39,154,491 794,478 230,093,215 135,534,920 40,794,848 10,457,981 109,332 33,931 6,937,328 664,852 177,862 32,732,566 1,285,915,473 23,806,638
313,708 253,241 2,197,293 136,997 736,718 7,097,189 21,421,627 7,966,101 35,397 10,071 1,656,527 626,225 243,010 2,324,950 39,224,119 3,151,486
159,970,525 1,043,297,505 13,552,561
672,866 427,049 74,753
2,236,551 8,509,331 182,694
2,755,535 3,054,728 255,415
56,722,462 63,341,881 7,219,072
15,528,403 21,506,633 791,705
17,102,492 9,796,858 810,904
60,390,651 931,979,931 3,844,012
4,547,289 4,678,722 373,994
402,841,149 182,144,938 151,184,125 192,525,088 19,336,757 360,510,862 9,709,445 1,758,837,335 1,621,167,900
1,526,639 193,581 354,722 787,935 ' 10,342 306,931 41.246 6,927,912 6,531,940
7,484,319 3,198,266 1,771,082 10,226,621 2,013,402 13,516,123 206,099 53,268,381 51,703,250
5,536,604 2,554,436 1,355,312 1,960,032 36,268 3,707,358 305,794 35,689,908 34,244,400
150,040,008 47,389,557 55,994,734 87,509,309 7,701,972 215,784,062 5,322,818 986,007,329 952,966,660
145,537,869 29,188,512 59,025,116 35,680,446 1,150,890 55,774,154 640,181 187,807,081 180,578,017
20,027,291 5,597,658 7,761,581 9,104,691 490,208 23,686,754 1,029,161 303,332,317 295,116,513
60,816,020 91,389,811 22,211,465 41,462,970 7,888,004 43,758,980 1,633,009 148,518,430 65,394T204
11,863,975 2,632,791 2,704,698 5,792,708 45,671 3,959,561 526,776 37,191,464 34,542,320
5,839,041 4,039,485 72,302,591 10,028,938 4,255,599
1,306 1,591 57,077 21,888 6,949
23,084 7,691 365,081 75,436 144,842
6,307 6,045 277,064 344,234 23,149
633,087 269,835 6,785,828 2,948,698 3,335,839
106,239 26,512 1,235,955 1,769,106 319,968
89,520 14,576 1,777,790 1,100,479 94,885
4,962,730 3,700,010 61,302,813 3,288,732 61,555
16,768 13,222 499,704 479,579 268,412
136,597
-1,273
3,321
4,262
46,686
20,090
10,754
47,014
3,197
5,642,110 5,028,092 4,619,383 5,063,773 20,713,826 1,664,349,116 1,160,677,307 10,429,851 15,787,488 8,751,447 22,034,148 49,075,763 83,405,590 714,071 533,728 58,604,687 4,622,255 15,746,862 17,550,353 11,231,187 1,083,257 204,101,122 94,488,219
53.310 18,633 9,856 215,695 6,777,080 5,181,617 39,404 50,798 33,689 123,810 135,031 170,365 1,888 1,819 133,950 1,444 31,250 26,573 19,897 5,121 820,424 150,832
225,625 66,745 129,796 80,260 443,250 30,824,580 23,310,289 152,380 253,617 94,317 210,960 753,274 898,363 9.405 8,392 1,350,730 777,813 33,394 185,379 135,579 4,897 2,645,791 22,443,801
114,481 134,277 44,046 25,522 466,121 35,208,496 29,247,076 450,867 158,277 122,344 255,257 553,829 759,988 12,778 4,372 730,418 17,953 75,134 222,599 107,258 11,756 2,478,590 481,412
3,391,168 963,462 2,457,948 4,559,599 7,648,519 935,271,739 702,924,160 3,297,982 12,931,081 2,180,946 8,079,410 26,460,752 18,492,410 424,728 250,517 27,797,751 3,505,504 9.784,663 11,306,915 7,954.272 335,937 99,544,711 50,735,590
651,707 491,583 196,325 86,027 2,325,552 179,261,190 110,286,581 652,875 350~703 636,785 4,560,910 11,596,258 11,597,478 83,941 162,782 18,895,425 242,834 649,769 3,513,156 1,551,088 71,827 14,408,778 8,545,891
208,072 129,961 208,766 150,159 4,430,842 298,484,720 234,681,701 1,347,785 1,098,332 879,530 4,644,661 4,454,626 3,540,998 81,162 28,548 3,251,369 49.236 3,412,423 867,826 743,131 125,035 39,278,357 4,847,597
808,251 3,102,719 1,505,108 98,025 4,247,269 142,299,197 35,078,792 3,766,734 548,076 4,534,361 2,755,616 3,871,269 46,464,071 81,990 46,303 3,636,443 16,900 1,238,158 1,203,314 532,239 441,797 38,083,134 6,219,233
188,626 120.577 67,439 55,787 935,833 36,127,124 19,885,145 720,991 396,363 269,009 1,403,018 1,249,211 1,479,507 18,165 30,995 2,806,840 10,571 521,980 224,512 187,657 86,887 6,836,273 1,064,340
3,191,021 93,639,755 104,471,860 10,832,105 98,987,880 46,928,315 46,645,006 154,726
'462 149,703 273,461 123,758 226,864 103,948 103,245 484
23,083 22,459,193 22,876,425 417,232 22,670,580 10,894,821 10,855,492 2,548
19,849 495,216 1,067,575 572,359 940,302 434,623 429,390 4,027
2,905,108 53,370,863 56,476,104 3,105,241 53,519,818 25,328,023 25,176,586 91,907
62,116 8,581,495 9,635,494 1,053,999 9,118,095 4,311,274 4,279,149 26,693
80,355 4,913,376 6,747,496 1,834,120 6,448,284 3,020,852 3,007,133 12,999
64,073 2,583,296 5,589,613 3,006,317 4,512,983 2,122,001 2,087,239 10,971
35,975 1,087,093 1,804,735 717,642 1,550,501 712,590 706,595 5,091
438 128,145 19,549,087 4,932,769, 2,527
-3,062 7,901 .1
-5 36,776 10,194,112 100,871
-1,206 46,355 46,382 31
377 59,153 8,339,819 2,316,133 1,695
5,413 117,313 1,924,530 243
692 166,231 273,758 218
-6 23,785 630,359 141,660 89
-3 901 61,836 121,519 212
149,763 49,383
17,323,553 566,375
7,601,495 189,245
952,058 137,307
3,474,515 194,291
263,377 28,785
30,471,773 1,242,014
74,730
*Estimateshould be used with caution because of the small numberof sample returns on which it is based. -includes "Nature of business not allocable- which is not shown separately. NOTE: See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
631,994 76,359
138
Corporation Returns/1975
CONSOLIDATED RETURNS OF ACTIVE CORPORATIONS table 25.-Balance Sheets and Income Statements, by Size of Total Assets [All figures are estimates based on samples-money amounts are in thousands of dollars] Total consolidated returns of Item active corporations
(2)
(1) 1 Number of consolidated returns, total .................................................................. 2 With net income ........................................................................................ 3 Number of subsidiaries .................................................................................. 4 Total assets .............................................................................................. 5 Cash .................................................................................................... 6 Notes and accounts receivable ................................................... ...................... 7 Less: Allowance for bad debts ............... ............................................ ........... 8 Inventories ........................................................................... .... .............. Investments in Government obligations: 9 United States .......................................................... ........ .................... . 10 State and local ........................................................... . ...... ................... 11 Other current assets .............................................................. ...................... 12 Loans to stockholders ............................................................... .... .............. 13 Mortgage and real estate loans ..... w ................................................................... 14 Other investments ....................................................................... .... ...... ... 15 Depreciable assets ............................................................ ... ..... ....... ...... 16 Less: Accumulated depreciation ................................................ ....... ............. 17 Depletable assets ......... ............................... ..... ...... . .... . ............... ...... 18 Less: Accumulated depletion ..................................................... .... ............... 19 Land ............................................................................. ................... ... 20 Intangible assets (amortizable) ............................................................. .............. 21 Less: Accumulated amortization ................................................................ ... .. 22 Other assets ................................................................... ... ... ............. ... 23 Total liabilities ............................................................................................ 24 Accounts payable ................................................ . ................ .... .............. 25 Mortgages, notes, and bonds payable in less than one year ............................................ 26 Other current liabilities ............................................. .... .. ..... .. .... . ........... 27 Loans from stockholders ............................................. ....... ... .. ... .......... .... ........ ............ ; ................ 28 Mortgages, notes, and bonds payable in one year or Tore 29 Other liabilities ...................... .................................................................... 30 Capital stock ... ........................................................................................ 31 Paid-in or capital surplus ...................................................................... ......... 32 Retained earnings, appropriated ...................................................... .... ........... 33 Retained earnings, unappropriated .......................................................... .. ........ 34 Less: Cost of treasury stock .............................................................. ... .... ... 35 Total receipts ............................................................................................. 36 Business receipts ................................................................ .... ...... ..... ... Interest on Government obligations: 37 United States .................................................................. ........... . ..... .. 38 State and local ....................... 39 Other interest ............................; ........................................ ..... . .... .. ... ... 40 Rents .................................................................. .. .. ... . ... ....... . ... .. 41 Royalties ...................................................... .. .. ... ........... ........ ....... .. 42 Net short-term capital gain reduced by net long-term capital loss ....................................... 43 Net long-term capital gain reduced by net short-term capital loss ....................................... 44 Net gain, noncapital assets .... ......................................................................... 45 Dividends received from domestic corporations ........... ............................................ . 46 Dividends received from foreign corporations ...................................... : ..................... 47 Other receipts ..................................... ..................................................... 48 Total deductions .......................................................................................... 49 Cost of sales and operations .............. ...................... : ...................................... 50 Compensation of officers ................................................... ... . ........ ............ 51 Repairs .................................................................. . . ... ....... ....... .... . 52 Bad debts ............................................................... .. ..... ........ ........ . 53 Rent paid on business property ......................................................................... 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78
Taxes paid ..................................... ........ ............ ... . ... ..... .... ....... Interest paid .............................. .. . .. .. ... . .. ..... .. . ... . .. . .... ...... .. Contributions or gifts .................................................. . ...... .. .... . ..... . .. . Amortization ................... ...... ............. . ... . .. ..... ...... ..... .............. ... Depreciation .............................................................. ................. .... ... . Depletion .................................... ... ... . . .. . .. ..... .. . ... .. ... . ..... .. ... Advertising ............................ . .. .... .. .. ...... .. .... .. ......... .... .. ........ Pension, profit-sharing, stock bonus, and annuity plans .................................................. Employee benefit programs ......................................................... ..... ...... ... .. Net loss, noncapital assets ......................................................... ... ........... .. Other deductions .................................. ..... ........ ... . ...... .... .... .... .. .... Total receipts less total deductions ...................................................... ............ .... Constructive taxable income from related foreign corporations ............................................. Net income (less deficit) (line 65 plus 66 minus 38) ............................. . ... . ... . ..... .. Net income ........ .. . ....... . .. ....... ... ... . .. . ... ..... . . .. ... ..... . .... .... Deficit .......... ....... ...... .. .. ....... ... ... .. . . .. ..... . . ... ... ... ........... Income subject to tax .............................. I ........ I .............................. I .............. Income tax, total .................................... .. ..... ........ .. .... ....... .... . . ... .... . Normal tax, surtax, and alternative tax . ... ... ................... ....... - ..... . ..... .... Tax from recomputing prior year investment credit .......................... ... .. .... .... ........ Tax from recomputing prior year work incentive (WIN) Credit ............................................ Additional tax for tax preferences ........................................... ...... ..... ... ... ... .. Foreign tax credit .............................. ....... ... - I .... 4 ................................... Investment credit .............................. ... ..... ............ ............ ......... ... . - Work incentive (WIN) credit ................................................. ....... ......... ..... . .... Distributions to stockholders: 79 Cash and property except own Stock ......................................... . . ......... . ... .. 80 Corporation's own stock ..................... . ... . . .. . .. ..... ..... .. ............. ...... Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
Zeo assets
38,307 25,317 132,384 2,676,964,049 197,556.467 740,723,969 18,828.869 187.183,239 103,367.325 81.221.169 96,396,884 3,098,180 234,051.592 333,613.421 912,462.105 335,478,605 34,578,548 13,199,255 29,539,918 9,106,267 3,032,120 84,603,814 2,676,964,049 161,309,984 159,970,525 1,043,297,505 13,552,561 402,841~149 182,144,938 151,184.125 192,525,088 19,336,757 360,510,862 9,709,445 1,758,837,335 1,621,167,900 5,839,041 4,039,485 72,302.591 10,028,938 4,255.599 136,597 5,642,110 5,028,092 4.619,383 5,063,773 20,713,826 1,664,349,116 1,160,677,307 10,429,851 15,787,488 8,751,447 22.034,148 49,075,763 83,405,590 714,071 533,728 58,604,687 4,622,255 15,746,862 17,550,353 11,231,187 1,083,257 204,101,122 94,488,219 3,191,021 93,639,755 104,471,860 10,832,105 98,987,880 46,928.315 46,645,006 154,726 438 128.145 19,549,087 4,932,769 2,527 30,471.773 1,242,014
Sl S,u nd r 00,000
Size of total assets SIDO,000 under $250,000
S250.000 under S500,000
S500,000 under S1,000,000
(3)
(4)
(5)
(6)
2,234 *511 3,643 101,959 13,675 29,644 14.585 10,639
1,907 1,156 2,405 34.5,916 56,731 63,434
-
-
-
6,764
'615 '277 15,561 101,959 32,525 42,914 66,382 20,498 22,512 7,487 73,464 48,984 -186,570
14.642 *7,653 'l 27 44,360 17'.,596 99.995 11,604 3,367 1,889 27,334 345,916 75.289 35.384 29,990 44,097 56.057 25.436 68,301 63,121 -43,211
4,314,005 4,030,942
292,842 262,989
999,395 923,315
69,606 34,842 '16,915 143,010 648,612 321,233 '6,742 '750 91,244 19,346 8,050 59,069 1,491,319 243,088 229,053 133,939 118,543 346,546 29,866 243,447 150,712 * 3,285 70,853 78,013 3,681,500 3,581,914
10,912 4,762 137,627 34,225 4,629
-1,210
3,852 21,519
751 *371 12,597 28,130
875 542 36,311 68,866 2,086
'l 82
-1,035 1 1,694 16,318
-2,450 11,612 10,803 2,614
22,552 18,622 5,592
20,818
26,958 3,684,784 2,JJ 1, 1 14 198,227 14,270 20,668 89,959 108,985 46,300 1.037 507 70,825
15,029 61,244 41,870
(1)
-
8,654 19,973 6,442 -4,492 50,924 4,229,984 3,315,756 33,436 26,262 19,333 51,089 68,258 149,779 1,175 1,543 78,514 5,454 29,108 17,630 16,749 15,560 400,338 84,021 83,281 176,422 93,141 156,884 73,207 72,187 899 121 -4,164 2,663 (1) 26,585 -
47.011
4,102 2,521 7,670 1,491,319 148,260 346,477 15,061 236,598
4,99
562 474 1,168 -
(1)
(1) 24,053 319,619 107,262 51,137 2,163 1,977 16,778 9,973 10,437 6,433 (1)
2,471
1,013,678 b2b,4b4 59,561 7,968 8,421 48,115 29,546 28,661 (1) * 191 28,650
247,318 -14,283 -14.283 31,814 46,097 23,194 6,440 6,218 '222 -
45,028 15,794 10,855 2,873 722,342 -3,284 -3,655 82,161 85,816 57,448 13,952 13,845 107 -
(1)
048
2,581
(1)
",149 1,
51,563
'1,095 106,088 -26,777 -26,777 31,727 1,670
15,319 '4,852 3,207
3,43 : 8,566 3,667,092 354,610 833,119 26,539 670,494 18,147 '7,380 162.571 40,159 50.440 289,074 1,788,029 914,007 '5,477 '3,521 200,024 37,094 13,292 167,833 3,667,D92 690,990 634.039 346,930 135,379 774,844 153.64or 470,537 474,595 57,689 77,253 8,001,629 7,689,858
148,323 7,961,498 D'Zut./til 317,319 34,710 42,473 163,609 188,834 134,632 2,165 3,436 167,909 '2,041 90,503 40,764 24,378 20,973 1,440,001 40,131 39,589 232,665 193,076 187,793 64,348 63.664 658
(1)
7,314 9,586
Corporation Returns/1975
139
CONSOLIDATED RETURNS OF ACTIVE CORPORATIONS Table 25.-Balance Sheets and Income Statements, by Size of Total Assets-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Item
I Number of consolidated returns, total ................................................ 2 With net income ...................................................................... 3 Number of subsidiaries ................................................................ 4 Total assets ............................................................................ 5 Cash .............................................................. ............... ... 6 Notes and accounts receivable ........................................................ 7 Less: Allowance for bad debts ... - ...... ................................... ..... 8 Inventories .............. ............. ................................ ............... Investments in Government obligations: 9 United States ........ ....................................................... ..... 10 State and local ................ ........ ... ...................... ...... . ..... 11 Other current assets ............................................................ ...... 12 Loans to stockholders ............... .......................................... ...... 13 Mortgage and real estate loans ................... ................................... 14 Other investments . ...... .................... ............ ....... ...... ..... 15 Depreciable assets .............. ................................. ..... ... ..... .. 16 Less: Accumulated depreciation ..................................................... 17 Depletable assets ......... ..... I ....... .......................... .................. 18 Less: Accumulated depletion ................ ....................................... 19 Land ...... ............................... ....................................... 20 Intangible assets (amortizable) ........................ ............................... 21 Less: Accumulated amortization ..................................................... 22 Other assets ............................................... ................... ...... 23 Total liabilities .......................................................................... 24 Accounts payable ........................................................... .......... 25 Mortgages, notes, and bonds payable in less than one year .......................... 26 Other current liabilities ................................................................. 27 Loans from stockholders ...................... .................. .................... 28 Mortgages, notes, and bonds payable in one year or more ........................... 29 Other liabilities ............ ............................................................ 30 Capital stock ................................................................... ...... 31 Paid-in or capital surplus ............................................ ................. 32 Retained earnings, appropriated ....................................................... 33 Retained earnings, unappropriated ......................... ........................... 34 Less: Cost of treasury stock .......................................................... 35 Total receipts ........................................................................... 36 Business receipts ............................................... _ .................. Interest on Government obligations: 37 United States .............................. ......................................... 38 Stale and local ...................................................................... 39 Other interest ............................ ........................................ .... 40 Rents .................................................................................. 41 Royalties ............................. ................................................ 42 Net short-term capital gain reduced by net long-term capital loss ...... .............. 43 Net long-term capital gain reduced by net short-term capital loss ..................... 44 Net gain, noncapital assets ............................................................ 45 Dividends received from domestic corporations ........................................ 46 Dividends received from foreign corporations ........................... .............. 47 Other receipts ............................................. ........................... 48 Total deductions ........................................................................ 49 Cost of sales and operabons .......................................................... 50 Compensation of officers ............................... ..................... _ ....... 51 Repairs ................................................................................ 52 Bad debts .......... ................................. ........................ ....... 53 Rent paid on business property .......... ................ ........................... 54 Taxes paid ......................................... ......................... 55 Interest paid ........... - ... ............................... ... _ ............... .... 56 Contributions or gifts . ......... ........................................ __ .......... 57 Amortization ........... ................ .............................................. 58 Depreciation .................. ........................................................ 59 Depletion .................................. ............ __ ... ................... 60 Advertising .... ................ ....................................................... 61 Pension, profit-sharing, stock bonus, and annuity plans .............. ................. 62 Employee benefit programs .... ........................ ........................... 63 Net loss, noricapital assets ............................................................ 64 Other deductions .............. .............. ....... ......... ........... ........ 65 Total receipts less total deductions .......... ........................................... 66 Constructive taxable income from related foreign corporations ......... ................. 67 Net income (less deficit) (line 65 plus 66 minus 38) .... ..................... ......... 68 Net income . .................................... .................. ........... .... 69 Deficit ................. ............................ . . .... ..... ....... .. ........ 70 71 72 73 74 75 76 77 78
Income subject to tax ........... .................... ............ ............ ... . . Income tax, total .................................. .. . . . . .... ... . .. ..... . Normal tax, surtax, and alternative tax .......... _ - ... ... .... . .. Tax from recomputing prior year investment credit .................................... Tax from recomputing prior year work incentive (WIN) credit .......................... Additional tax for tax preferences ............... . ... .. - - - ... - .. Foreign tax credit ................. .... ......... ..................... I ................... Investment credit ....................... .... . .. ... - Work incentive (WIN) credit .............................. .... . . .... . .... Distributions to stockholders: 79 Cash and properly except own stock ............ 60 Corporation's own stock .................. ... .. ....
S1,000,000 under S5,000,000
S5,000,000 S1 under 0,000,000
(7)
(8)
I
Size of total assets-Continued S10,000,000 $25,000,000 S50,000,000 under under under S25,000,000 S50,000,000 S100.000,000 (10)
(9)
S100,000,000 under S250,000,000
S2501 0001000 or more
(12)
(13)
(11)
12,232 8,459 27,895 29,282,536 2,197,896 6,597,589 218,459 5,847,910
3,001 2,613 11,865 26,699,426 1,787,423 6,423,697 190,482 4,739,191
3,226 2,264 13,101 51,266,193 3,215,242 12,728,803 401,578 8,244,441
1,623 1,169 9,163 57,826,689 3.368,651 12,791,862 505,095 8,333,751
1,156 831 9,510 81,749,019 4,467,793 18,022,325 798,679 9,989,173
173,366,767 8,813,827 34,457,824 2,168,305 18,781,485
1,357 1,031 26,923 2,251,167,133 173,132,359 648,429,195 14,489,027 130,282,546
203.272 88.792 1,441,814 173,459 401,043 2,579,738 13,612,822 6,308,014 93,512 33,013 1,370,056 266,309 95,891 1,063,701 29,282,536 4,554,550 4,715,467 2,778,712 450,495 6,519,726 1,218,408 2,734,455 2,624,120 85,656 4,170,108 569,161 56,472,506 54,474,528
408,032 239,611 1,220,803 184,930 441,524 2,316,852 1 1,T71,875 5.079.974 94,175 28,881 1,191,616 259,007 62,707 982,734 26,699,426 3,973,559 4,324,808 3,449,402 263,041 6,248,128 1,316,447 2,166,756 2,427,215 72,057 2,869,379 411,366 44,156,247 42,269,492
1,320,120 909,553 2,548,629 137,453 1,740,923 5,080,928 19,482,820 8,207,576 490,687 117,108 1,881,814 419,928 129,970 1,921,084 51,266,193 5,844,106 6,173,221 10,090,997 387,989 10,401,558 2,586,298 3,247,377 4,595,653 182,769 8,494,811 738,586 72,016,146 69,042,845
1,728,748 1,071,415 2,656,479 110,919 5,762,239 5,885,213 20,271,768 B,314,969 510,209 157,359 1,871,772 489,623 157,748 2,109,211 57,826,689 5,516,740 5,552,425 15,148,712 410,504 11,064,296 3,010,230 3,022,398 5,128,827 . 162 706 9,331,188 521,337 67,238,271 63,915,544
2,644,208 2,166,719 3,393,048 173,154 11,194,133 9,480,588 25,053,GO9 10,127,754 934,242 254,024 2,016,814 589,364 179,428 2,984,334 81,749,019 6,656,501 6,596,986 25,77B,786 494,739 14,383,042 4,473,184 4,239,367 7,319,879 279,300 12,097,789 570,554 86,165,798 81,421,568
6,368,302 4,200,432 5,934,104 219,509 35,041,234 19,179,376 52,660,971 20,546,549 1,718,619 566,945 3,114,169 763,099 211,605 5,607,220 173,366,767 11,366,010 10,352.818 67,537,777 701,806 26,160,844 9,239,327 7,999,547 14,604,200 753,130 25,537.732 886,424 150,075,717 140,286,632
90,666,340 72,531,731 78,948,424 2,010,953 179,402,825 288,599,253 766,938,359 275,516,664 30,724,703 12,037,654 17,790,805 6,258,515 2,171,263 69,665,733 2,251,167,133 122,356,626 121,313,410 917,935,878 10,525,470 326,863,596 160,084,615 126,918,476 155,087,782 17.792,152 298,111,094 5,821,966 1,265,423,279 1,153,268,273
22,924 10,995 288,115 512,748 73,037 11,659 157,170 147,830 43,884 9,465 720,151 55,508,081 39,793,597 1,386,647 301,101 259,357 872,655 1,302,456 1,031,738 18,758 21,587 1,201,506 15,005 501,501 268,415 200,956 155,837 8,176,965 964,425 1,306 954,736 1,851,713 896,977
43,822 15,875 588,299 331,159 34,571 7,075 126,213 141.728 44,240 7,718 546,055 43,304,792 31,906,315 714,025 226,976 196,908 578,384 957,149 1,199,693 17,224 13,750 1,012,771 20,425 342,139 205,473 147,349 100,421 5,665,790 851,455 3,612 839,192 1,653,029 813,837
95,485 61,700 768,256 504,066 84,244 5,819 214,574 203,371 101,955 33,482 900,349 70,035,462 51,914,677 919,399 371,319 286,690 948,918 1,630,402 1,660,063 29,143 20,979 1,578,317 86,189 578,885 362,268 266,462 95,534 9,284,217
164,182 101,501 1,972,979 567,260 125,152 4,483 294,207 269,701 144,803 81,422 1,018,540 83,540,915 60,412,953 662,251 486,735 364,002 1,234,962 2,173,289 2,770,703 34,427 24,667 1,951,118 135.391 850,215 470,784 417,256 78,669 11,473,493 2,624,883 52,222 2,575,604 3,529,277 953,673
383.485 201,542 4,906,363 855,646 217,366 8,830 360,594 493,264 327,407 256,576 1,778,012 144,246,350 103,142,641 915,105 1,125,287 621,220 1,906,286 3,201,327 5,891,792 68,481 34,394 3,616,623 245,051 1,659,357 1,029,882 779,243 90,868 19,918,793 5,629,367 179,139 5,806,964 7,021,599 1,214,635
5,011,884 3,585.472 62,408,869 6,645,892 3,611,862 78,321 4,207,372 3,506,817 3,828,121 4,625,778 14,644,618
1,980,684 14,900 1,933,884 2,940,842 1,006,958
104,632 56,725 1,179,207 458,217 98,650 8,526 223,468 199,483 113,980 44,814 835,025 65,053,523 47,407,789 635,468 369,240 269,447 950,999 1,625,578 1,925,090 33,059 19,860 1,544,962 93,968 672,728 382,153 283,670 83,735 8,755,777 2,184,748 23,125 2,151,148 2,874,713 723,565
1,597,306 682,317 678,059 4,022 '27 209 8,729 62,929 122
1,444,489 661,096 657,023 3,327
2,656,116 1,243,656 1,235,511 5,513 8 ?.624 44,389 96,874 164
2,645,592 1,241,474 1,234,885 4,224 4 2,361 42,643 101,978 212
3,238,997 1,537,251 1,518,420 5,461 .1 13,369 92,363 120,205 170
6,556,799 3,115,415 3,096,397 9,031 9,970 236,092 298,271 316
80,421,592 38,288,799 38,068,437 121,262 343 98,757 19,108,261 4,184,543 1.440
121,333 46,618
150,182 23,953
339,106 59.051
596,256 89,570
1,598,458 136,639
27,275,486 831,489
734 12,446 54,363 103
302,069 53.027 i
'Estimate should be used with caution because of the small number of sample returns on which it is based. 'Less than $500 per return. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for **Explanation of Terms" and "Description of the Sample and Limitations of the Data.
1,109 854 10,475
1,185,450,430 814,524,998 4,537,276 12,821,457 6,660,951 15,172,394 37,779,966 68,556,702 508,602 392,714 47,347,059 4,018,677 10,959,608 14,752,162 9,077,967 429,897 137.910,000 79,972,849 2,912,695 79,300,072 84,072,675 4,772,603
Corporation Returns/1975
140
RETURNS OF ACTIVE CORPORATIONS Table 26.-Pension Plans, Number of Returns, Total Assets, Total Receipts, Pension Plans, Employee Benefit Programs, Net Income (Less Deficit), and Total Income Tax, by Industrial Division [All figures are estimates based on samples-money amounts are in thousands of dollars]
Industrial chtision, item
Number of returns
.
Total assets
Total receipts
Pension, profit-sharing, stock bonus, and annuity plans deduction
Number of . pension pfans-
Employee benefit programs deduction
Net income (less deficit)
Total income tax
(2)
(3)
(4)
(5)
(6)
(7)
(8)
All Industrial Divisions 2,023,647
4,286,556,273
3,198,627,860
26,526,129
225,120
15,690,563
142,636,826
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ...................
332,041
3,628,001,742
2.465,558,403
26,526,129
225,120
14,073,221
127,049,752
59,832,541
Total returns with a number of pension plans .....................
146,686
1,710,553,326
1,118,068,329
12,744,645
225,120
7,050,387
71,296,330
33,702,278
107,625 31,905 5,157 701 1,254 44
449,929,752 409,907,435 370,965,037 167,308,162 270,142,342 42,300,598
304,373,135 193,200,140 191,684.161 143,883,818 238,167,929 46,759,146
2,506,346 2,411,292 1,658,913 2,643,393 2,960.707 563,994
107,625 63,810 18,268 4,977 26,443 3,997
1,019,308 884,143 836,429 2,060,378 1,728,776 521,353
11,320,942 8,769,665 28,372,275 9,552,700 12,182,795 1,097,953
4,848,780 4,256.180 13,641,001 4,625.757 5,702.155 628,405
Total ........................................... ..........
Returns Returns Returns Returns Returns Returns
with with with with with with
I pension plan .................................. 2 pension plans ................................... 3 through 5 pension plans ........................ 6 through 9 pension plans ........................ 10 through 49 pension plans ........... .......... 50 or more pension plans .........................
66,144,308
. Agriculture, Forestry, and Fishing Total ......................................................
56,280
21,177,941
28,118,514
105,000
3,561
44,333
746,908
354,747
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ...................
5,453
6,532,049
12,012,734
105,000
3,561
31,268
490,858
195,199
Total returns with a number of pension plans .................. _
2,204
2,127,116
3,714,956
40,001
3,561
7,586
160,707
60,405
1 pension plan .................................... 2 pension plans ........ .......................... 3 through 5 pension plans ..................... 6 through 9 pension plans ........................ 10 through 49 pension plans ...................... 50 or more pension plans ........................
1,627 ...473 100
1,121,779 641,598 ***358,935 ...
2,128.891 883,110 ***695,083 ... 7,872
21,602 15,431 ...2,776
1,627 946 ...488
4.371 2,120 1,079
103,949 45,573
37,518 17,853
Returns Returns Returns Returns Returns Returns
with with with with with with
Mining Total ......................................................
-4
'192
'16
14,242
64,505,341
65,909,994
259,490
1,730
209,280
23,574,833
11,411,846
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans .... ..............
1,915
52,130,297
55,851,535
259,490
1,730
183,519
23,117,073
11,112,240
Total returns with a number of pension plans .....................
.970
27,904,536
40,688,332
160,197
1,730
137,696
21,895,455
10,513,016
773 134 ...
4,295,555 3,470,559
47,124 18,462 ...
773 268 ... 217
18,296 36,504
402,022 262,867
198,148 119,718 10,020,104
***4,012,462 ...
3,607,749 2,109,358 ... "*2,980,216 ...
...
... 472
Returns Returns Returns Returns Returns .Returns
with with with with with with
1 pension plan ....... ............................ 2 pension plans ................................... 3 through 5 pension plans ......................... 6 through 9 pension plans ....... ....... ..... 10 through 49 pension plans ...................... 50 or more pension plans .........................
75.046
Construction Total ......................................................
191,219
76,691,947
146,955,117
799,630
23,699
545,206
2,236,262
1,332,299
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ......... .........
30,671
39,796,488
74,904,275
799,630
23,699
344,267
1,913,881
912,908
Total returns with a number of pension plans .....................
13,382
14,032,929
30,730,493
350.287
2q,f3qq
!52,590
M4,5154
415.255
9,262 2,336 1,321 274 183 -6
7,768,212 2,072,575 1,880,046 622,682 1,570,041 '119,373
17,229,500 4,407,176 4,877,988 1,271,246 2,832,170 '112,413
166,726 56,431 72,931 22,754 29,000
9,262 4,672 4,578 1,977 2,604
77,094 19,779 32,499 9,502 12,394
505,042 121.348 223,298 19,200 37,673 '-2,007
229,281 48,762 103,780 13,816 18,889 '727
Total ......................................................
217,354
944,581,970
1,296,359,650
13,667,253
43,251
9,603,033
68,406,627
32:475,947
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ...................
52,289
880,675,548
1,173,055,501
13,667,253
43,251
9,186,567
66,187,071
30,919,027
Total returns with a number of pension plans .....................
22,202
384,398,071
492,355,948
7,112,173
43,251
4,876,544
29,989,464
14,203,085
16,221 4,116 1,146 210 490 19
38,568,598 36,778,307 38,555,470 89,018,300 146,651,061 34,826,335
68,249,557 54,311,576 56,222,076 100,328,294 174,102,104 39,142,341,
591,503 710,663 682,313 2,327,828 2,299,690 500.176,
16,221 8,232 3,950 1,504 11,962 1.382,
298,756 377,929 432,379 1,912,415 1,386,785 468,278
3,981,437 3,844,392 3,168,765 8,031,253 10,239,933 723,684
1,784,718 1,835,040 1,518,027 3,882,083 4,718,980 464,237
Returns Returns Returns Returns Returns Returns
with with with with with with
I pension plan .................................... 2 pension plans ............................ ...... 3 through 5 pension plans ................ .... 6 through 9 pension plans .................. _ 10 through 49 pension plans ..... ................ 50 or more pension plans .... ............ ....... Manufacturing
Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan .......... ................. .. .... 2 pension plans ............ .......... .. .. . 3 through 5 pension plans .................. I ..... 6 through 9 pension plans ........................ 10 through 49 pension plans ....... ......... 50 or more pension plans .......... ............
Footnotes at end of table. See text for "Explanation of Terms~' and "Description of the Sample and Limitations of the Data."
Corporation Returns/1975
141
RETURNS OF ACTIVE CORPORATIONS Table 26.-Pension Plans: Number of Returns, Total Assets, Total Receipts, Pension Plans, Employee Benefit Programs, Net Income (Less Deficit), and Total Income Tax, by Industrial Division-Continued JAIJ figures are estimates based on samples-money amounts are in thousands of dollars]
Industrial division, item
Number of returns
Total assets
Total receipts
P nsion, profit-sharing, stock bonus and annuity' plans deduction
Number of pension plans'
Employee benefit programs deduction
Net income (less deficit)
Total income tax
(if
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Transportation and Public Utilities 60,701
443,236,797
243,480,637
4,112,789
8,701
1,936,875
10,099,571
5,146,272
11,049
404,815,360
205,732,318
4,112,789
8,701
1,811,932
9,692,095
4,722,500
5,464
185,287,151
92,073,287
1,275,510
8,701
642,688
4,463,558
2,051,978
4,255 828 283 44 50 4
50,805,942 26,860,301 36,574,907 28,354,699 35,1136,691 6,854,611
23,326,963 12,288,805 16,340,118 12,773,573 21,786,287 5,557,541
284,179 177,313 189,464 173,060 393,386 58,108
4,255 1,656 1,077 293 985 435
151,857 80,824 79,152 87,598 207,218 36,039
973,402 835.147 796,135 864,026 637,429 357,419
376,780 370,050 389,877 406,329 357,966 150,976
Total ......................................................
614,632
323,496,726
969,938,872
2,783,253
58,025
1,785,778
22,489,430
8,131,078
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ... ................
102,783
208,221,464
615,294,313
2,783,253
58,025
1,322,836
14,225,578
6,321,974
Total returns with a number of pension plans .....................
44,214
97,086,797
282,659,489
1,343,630
58,025
685,155
6,566,410
2,986,439
35,425 7,263 1,279 65 175 -7
42,436,892 29,162.491 9,194,795 5,590,175 10,244,203 *458,241
137,696,150 68,180,241 34,255,657 15,496,064 25,116,767 -1,914,610
603,880 407,272 186,138 34,573 108,847
35,425 14,526 4,392 441 2,582 '659
255,069 185,484 140,355 17,063 71,783 1 5,401
3,499,758 1,537,726 811,416 268,385 430,782 '18,343
1,377,090 866,343 388,293 134,154 208,561 11,998
Total ......................................................
411,846
2,321,965,956
315,795,981
2,433,380
19,296
902,438
11,663,330
5,644,729
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ...................
31,002
1,991,590,488
259,502,807
2,433,380
19,296
777,500
8,944,072
4,578,146
Total returns with a number of pension plans .....................
15,291
984,098,331
146,546,289
1,383,553
19,296
353,519
6,275,120
3,019,719
13,036 1,844 325 35 ...... 51
296,595,409 306,570,143 268,638,944 40,835,240 ... 71,458,595 ...
36,767,651 40,652,280 46,749,835 11,512,725 ... 10,863,798 ...
329,483 471,517 435,995 58,550
13,036 3,688 1,333 249
115,620 118,009 79,021 22,429 ***18,440
1,256,474 1,800,192 2,459,435 297,278 ... 461,741
584,732 867,349 1,212,901 143,831 -210,906
Total ......................................................
435,672
90,534,067
131,377,364
2,361,011
66,827
662,819
3,396,744
1,640,778
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ......... .........
96,685
44,131,731
68,901,659
2,361,011
66,827
414,784
2,468,280
1.067,343
Total returns with a number of pension plans .....................
42,931
15,588,168
29,219,342
1,078,315
66,827
194,530
1,035,212
449,729
27,000 14,909 666 60 296
8,322,667 4,335,932 1,568,822 954,224 406,523
15,319,630 10,334,445 2,195,052 859,259 510,956
461,205 553,868 37,089 15,847 10,306
27,000 29,818 2,322 424 7,263
98,243 63,415 18,306 7,458
597,067 318,361 63,451 34,835 21,498
259,795 129,131 28,363 20,442 11,998
Total ......................................................
1,701
365,528
691,731
4,323
*30
801
23,121
6,612
Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ...................
194
108,317
303,261
4,323
'30
10,844
...
.....30.
...
Total ...................................................... Total returns with an amount of pension, profit-sharing, stock bonus, and annuity plans ................ Total returns with a number of pension plans ..................... Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan ... ................................ 2 pension plans . ..... .................... ....... 3 through 5 pension plans ............. .......... 6 through 9 pension plans . ~ _ . ~ .......... ....... 10 through 49 pension plans ..................... 50 or more pension plans ...................... Wholesale and Retail Trade
Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan ... ................................ 2 pension plans ................................ 3 through 5 pension plans ........................ 6 through 9 pension plans ....... .......... - . 10 through 49 pension plans . ............... ..... 50 of more pension plans ........ ............
Finance, Insurance, and Real Estate
Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan .................................... 2 pension plans .............................. .... 3 through 5 pension plans ... .... ~) .............. 6 through 9 pension plans ........................ 10 through 49 pension plans ...................... 50 or more pension plans ................ ..... .. Services
Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan ...................... _ ............ 2 pension plans .... ............. : ................ 3 through 5 pension plans ........................ 6 through 9 pension plans . . ~ ..................... 10 through 49 pension plans ............... ...... 50 or more pension plans .......................
Nature Of Business Not Allocable
Total returns with a number of pension plans ..................... Returns Returns Returns Returns Returns Returns
with with with with with with
1 pension plan ... ....................... ........ 2 pension plans .............................. 3 through 5 pension plans ........................ 6 through 9 pension plans ....................... 10 through 49 pension plans ...................... 50 or more pension plans ........... .............
.80,193 ...28 ...
30,227 ...
...
..:Estimate Should be used with caution because of the small number of sample returns on which it is based. Identifies (a) size classes for which data were deleted because of the smal I number of sample returns on which they were based and (b) combined frequencies or amounts that include the data thus deleted from another size class. , Excludes Form 1120-DISC returns. NOTE: See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
...
142
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS Table 27.-Pension Plans: Number of Returns, Total Assets, Total Receipts, Pension Plans, Employee Benefit Programs, Net Income (Less Deficit), and Total Income Tax, by Size of Total Assets JAll figures are estimates based on samples-money amounts are in thousands of dollars)
Size of total assets
Number of returns
Total assets
Total receipts
Pension profit-sharing, slock bonus, and annuity plans deduction
Number of pension plans-
(1)
(2)
(3)
(4)
(5)
Employee benefit programs deduction
Net income (less deficit)
Total income tax
(7)
Total Returns of Active Corporations Total ......................................................
2,023,647
4,286,556,273
3,198,627,860
26,526,129
225,120
15,690,563.
142,636,826
66,144,308
Size of total assets: Zero assets ..................................................... Sl under S100,000 .............................................. S100.000 under S250,000 ....................................... S250,000 under S500,000 ....................................... $500,000 under S1,000,000 ..................................... $1,000.000 under S5,000,000 ...................................
71,725 1,106,004 378,642 203,392 122,584 101,333
37,576,474 60,544.506 71,619,530 85,218,025 203,930,860
18,898,147 128,814,973 133,800,421 152,767,256 181,872,355 384,585,139
65,872 1,743,288 639,018 732,403 889,452 1,790,895
1,510 80,367 30,475 26,907 24,577 32,538
44,857 435,023 402,162 412,239 513,912 1,136,779
139,208 416,745 2,803.425 3,681,184 4,640,582 11,291,136
298,011 439,063 855,442 1,535,529 1,613,896 5,115,256
S5,000,000 under $10,000,000 .................................. S10,000,000 under $25,000,000 ......................... : ....... S25,000,000 under $50,000,000 ........ ........................ S50,000,000 under $100,000,000 ................................ S100,000,000 under S250,000,000 ............................... S250,000,000 or more ...........................................
15,091 12,215 5,567 3,068 2,144 1,882
106,083,345 193,310,296 194,656,918 213,007,645 330,634,632 2,789,974,042
131,530,117 154,979,643 122,341,047 131,390,532 206,655,630 1,450,992,600
628,686 799,973 670,434 734,399 1,410,591 16,421,118
6,648 6,836 3,572 2,758 3,296 5,636
410,696 548.322 473,136 603,927 1,003,651 9,705,859
4,656,170 6,331,296 4,942,678 5,195,008 8,519,164 90,020,230
2,340,294 3,040,998 2,400,917 2,439,364 4,154,480 42,393,058
Returns With An Amount of Pension, Profit-Sharing, Stock Bonus, and Annuity Plans 332,041
3,628,001,742
2,465,558,403
26,526,129
225,120
14,073,221
127,049,752
59,832,541
Size of total assets: Zero assets ..................................................... S1 under S100,000 .............................................. S100,000 under S250,000 ....................................... $250,000 under S500,000 ...... ................................ S500.000 under S1,000,000 ..................................... S1,000,000 under S5,000,000 .................. ............. _
2,828 118,014 54,732 46,981 39,198 44,147
3,950,295 8,966,956 16,918,312 27,780,770 92,073,549
8,335,402 25,316,220 29,480,360 51,848,472 79,581,899 230,986,068
65,672 1,743,288 639,018 732,403 889,452 1,790,895
1,510 80,367 30,475 26,907 24,577 32,538
25,082 172,676 165,603 208,473 289,378 795,719
250.040 427,459 869,493 1,508,209 2,481,943 8,126,774
154,835 96.536 214,870 390,092 801,805 3,473,821
S5,000,000 under $10,000,000 ...... ..................... ..... -$10,000,000 under S25,000,000 ...... I .......................... $25,000,000 under S50,000,000 ................................. $50,000,000 under $100,000,000 ........... .................... $100,000,000 under S250,000,000 ................ .............. $250,000,000 or more ...........................................
7,861 7,935 4,242 2,553 1,814 1,736
55,576,979 128,026,272 148,781,406 177,834,726 280,470,316 2,687,622,161
92,016,190 118,777,889 103.702,964 115,989,452 188,908,410 1,420,615,077
628,686 799,973 670,434 734,399 1,410,591 16,421,118
6,648 6,836 3,572 2,758 3,296 5,636
330,495 471,222 423,146 568,799 982,143 9,640,485
3,701,955 5,036,750 4,276,592 4,470,941 7,829,082 88,070,514
1,794,698 2,542,557 2,134,875 2,267,339 3,947,966 42,013,147
146,686
1,710,553,326
1,118,068,329
12,744,645
225,120
7,050,387
71,296,330
33,702,278
$100,000 under S250,666 . ..... .. ..... ..... .... * . .... ..... ... .... $250,000 under S500,000 ....................................... S500,000 under $1,000,000 .................. .......... 11 ...... $1,000,000 under $5,000,000 ...................................
'1 2 8 23,247 20,692 17,317 20,488
1,739,466 3,833,756 7,473,524 12,226,989 42,627,169
3308,352 1 1463,397 : 12,666,508 23,219,241 35,192,633 106,833,518
29,952 804,305 259,274 339,041 397,162 866,234
1,510 80,367 30,475 26,907 24,577 32,538
16,226 79.342 73,499 96,023 136,936 390,456
54,992 163,499 388,055 694,508 11101,958 3,830,025
49,308 40,656 69,894 169,683 353,647 1,612,130
$5,000.000 under $10,000,000 .................................. $10,000,000 under $25,000,000 ................................. S25,000,000 under $50,000,000 ................................. $50,000,000 under $100,000,000 ............................ ... S100,000,000 under $250,000,000 ....................... _ ..... S250,000,000 or more .................................... ......
3,703 3,799 2,109 1,188 831 783
26,207,224 61,707,421 73,956,399 82,300,209 128,844,797 1.269,636,372
42,473,179 52,192,188 47,523,235 45~557,924 85,206,380 652,431,774
297,534 376,280 309,627 320,134 731,977
6,648 6,836 3,572 2,758 3,296 5,635
165,976 221.059 182,719 264,261 509,701 4,914J89
1,766,232 2,498,344 2,115,845 2,270,159 3,705,888 52,706,825
840,607 1,197,844 1,029,480 1,103,865 1,891.687 25,323,477
Total .......................................................
107,625
449,929,752
304,373,135
107,625
1,019,308
11,320,942
4,848,780
Size of total assets: Zero assets ..................................................... Sl under $100,000 ......................................... .... S100,000 under S250,000 ....................................... S250,000 under $500,000 ....................................... $500,000 under $1,000,000 ..................................... $1,000.000 under $5,000,000 ........... ....... .............
1,197 34,107 19,306 16,601 13,537 14,579
1,257,220 3,184.074 6.010,004 9,554,156 29,866,154
1,832,202 6,999,415 10,549,178 17,932,747 27,171,354 73,141,996
14,456 341,873 184,203 231,787 247,951 482,750
1,197 34,107 19,306 16,601 13,537 14,579
4,314 44,922 51,995 64,665 89,796 223,264
28,650 104,955 317,119 587,447 860,965 2,665,521
27,220 27,591 71,784 139,836 269,218 1,103,881
$5,000,000 under $10,000,000 ................. $10,000,000 under $25,000,000 ............... $25,000,000 under $50,000,000 ................ $50,000.000 under S100,000,000 .............. $100,000,000 under $250,000,000 ..................... I ........ $250,000,000 or more ...........................................
2,580 2,745 1,531 793 438 211
18,350,604 44,588,433 53,313,920 53,979,889 65,296,674 164,528,624
26,525,834 25,709,645 22,375,324 17,997,458 '23,113,803 51,024,179
143,990 141,480 104,238 93,023 105,265 415,330
2,580 2,745 1,531 793 438 211
81,386 77,326 58,448 59,157 87,979 176,056
1,085,696 1,227,542 866,647 794,895 712,522 2,068,983
504,967 570,970 427,724 407,874 421,894 875,821
Total .......................................................
31,905
409,907,435
193,200,140
2,411,292
63,810
884,143
8,769,665
4,256,180
Size of total assets: Zero assets ..................................................... $1 under S100,000 .................. ........................... $100,000 under $250,000 ....................................... S250,000 under S500,000 ....................................... $500,000 under S1,000,000 ..................................... S1,000,000 under $5,000,000 ...................................
81 15,662 3,351 3,201 2,913 4,340
441,821 557,120 1,139,107 2,064,861 9.275,656
565,621 4,059,795 1,785,610 4,045,246 6,203,980 23,590,730
6,010 444,723 69,360 83,848 114,019 258,730
162 31,324 6,702 6,402 5,826 8,680
4,032 27,775 18,578 21,684 32,191 97,949
7,319 59,834 57,399 88,882 188,890 879,028
6,467 12,282 15,427 23,849 66,256 379,398
722 653 362 226 172 222
5,069,876 10,604,484 13.002,033 16,028,773 27,713,902 324,009,802
9,649,250 13,407,418 10,953,214 10,951,093 12,784,776 95,203,407
86,251 109,908 83,481 81,381 112,586 960,995
1,444 1,306 724 452 344 444
45,487 66,730 51,133 58,841 51.911 407,832
471,023 701.843 553.464 639,323 758,762 4,363,898
232,020 345,619 259,462 283, 914 377,645 2,253,841
Total ......................................................
Returns with a number of pension plans Total ...................................................... Size of total assets: Zero assets .......... S1 under $100,000
Returns with 1 pension plan
Returns with 2 pension plans
S5.o6o,ooo under S10,000,000 .........
F. I ..... .
S10,000,000 under S25,000,000 ..................... ........... S25,000,000 under S50,000,000 .......... ...................... S50,000,000 under S100,000,000 ................................ S100,000,000 under S250,000,000 ............................... S250,000,000 or more .................... ...................... 1
-
I
I
-
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
I
I
Corporation Returns/1975
143
RETURNS OF ACTIVE CORPORATIONS Table 27.-Pension Plans: Number of Returns, Total Assets, Total Receipts, Pension Plans, Employee Benefit Programs, Net Income (Less Deficit), and Total Income Tax, by Size of Total Assets-Continued (All figures are estimates based on samples-money amounts are in thousands of dollars]
Size of total assets
Returns With An Amount of Pension, Profit-Sharing, Stock Bonus, and Annuity Plans-Continued
Number of returns
Total assets
Total receipts
Pension profit-sharing, stock bonus, and annuity plans deduction
Number of Pension plans,
Employee benefit programs deduction
Net income (less deficit)
Total income tax
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Returns with a number of pension plans-Continued Returns with 3 through 5 pension plans Total ....................................................... Size of total assets: Zero assets ........... ..... . .... . . .... Sl under S100,000 .... ......................................... S100,000 under S250,000 .................... .................. S250,000 under S500,000 ....................................... S500,000 under S1,000,000 _ ..... ............. ........... _ S1,000,000 under $5,000,000 ...... .... ........... _ ......... S5,0D0,000 under $10,000,000 .... ............................. $10,000,000 under S25,000,000 ...... .................. _ ...... S25,000,000 under S50,000,000 .............................. _ S50,000,000 under S100,000,000 .... ..... ....... .... _ ... S100,000,000 under $250,000,000 _ ........... ..... ........... S250,000,000 or more ....... ............... _ ............
-
5,157
370,965,037
191,684,161
1,658,913
18,268
836,429
28,372,275
13,641,001
28 1,039
-
333,269 '322,912
2,975 12,980
1,939
276,420 437,701 2.650,540
1,103,211 1,285,760 7,953,978
19,787 25,056 88,391
9,121 10,567 54,757
13,302 * 1,036 11,852 18,737 34,629 230,976
6,301
743 619 1,185
103 -4,065 1,605 2,501 2,205 4,009
5,542 11,017 103,867
325 281 146 90 89 130
2,262,926 4,526,261 5,085,520 6,529,942 14,348,438 334,744,348
5,236,592 9,209,344 9,556,719 8,624,757 15,310,411 132,463,776
52,298 76,039 68,351 66,861 145.115 1,095,768
1,121 994 539 331 327 468
27,659 52,038 44,865 59,954 79,083 487,196
183,722 411,057 496,274 430.201 814,349 25,726,140
89,940 203,023 241,036 206.655 386,529 12.383,969
701
167,308,162
143,883,818
2,643,393
4,977
2,060,378
9,552,700
4,625,757
-32,048
-116,171
... 3,121
... 71,
... 541
Returns with 6 through 9 pension plans Total ....................................................... Size of total assets: Zero assets ................................................... . S1 under S100,000 ......................... ................... S100,000 under S250,000 _ ........................ ............ S250,000 under S500,000 .................... ............. S500,000 under S1,000,000 ............................. ..... . S1,000,000 under S5.000,000 .................... ..............
197
446,153
1,093,698
21.706
1,377
8,618
26,741
14,029
$5,000,000 under $10,000,000 ...................... ...... __ $10,000,000 under S25,000,000 .......... ...................... $25,000,000 under S50,000,000 ......................... ...... S50,000,000 under S100,000,000 .... .......... ...... ......... S100,000,000 under $250,000,000 .... ................. ....... S250,000,000 or more .......... _ .......... ...... ............
38 70 41 34 53 68
268,617 1,131,474 1,494,090 2,320,507 8,075,621 153,464,938
610,888 2,710,630 2,621,962 3,186,123 9,889,051 123,164,213
7,770 34,766 26.757 26,622 115,347 2,399,764
258 500 289 238 388 504
5,487 18,443 15,997 28,048 72,625 1,905,989
15,072 102,231 146,164 146,770 517,836 8,606,419
5,971 50,710 70,692 77,431 263,889 4,140,291
1,254
270,142,342
238,167,929
2,960,707
26,443
1,728,776
12,182,795
5,702,155
... 517
-45,991
1 51,425
... 14,402
... 321
...402
... 341
17fl
375,3 ;;
1,013,869
11,942
2,113
5,85* 2*
25,538
10,4 ; 3*
32 44 29 42 74 137
215,322 776,178 1,060.&36 3,230,952 12,290,653 252,051,536
416,016 995,792 2,016,016 4,522,800 20,456,048 207,978,242
6,922 12,092 26,800 48,379 228,772 2,611,047
567 753 489 708 1,412 2,851
5,621 5,144 12,276 55.278 186,891 1.451,688
9,759 52,923 53,296 245,612 854,678 10,910,460
7,079 25,498 30,566 120,589 418,671 5,074,807
44
42,300,598
46,759,146
563,994
3,997
521,353
1,097,953
628,405
-
-
-
-
-
-
-
-
'16
'2,221
'542
1.378 2,983 31,212 485,428
'960 2.748 13,358 47,741 1,030,925
2,024 7,402 23.059 594,748
... 41,
Returns with 10 through 49 pension plans Total ....................................................... Size of total assets: Zero assets . . ~ ~ ..... ................... ......... _ .. ....... S1 under S100,000 _ ...... .......................... ..... S100,000 under S250,000 ....................................... $250,000 under $500,000 .......... .... .... ......... I ... -1 .... S500,000 under S1,000,000 ................. ...... ............ $1,000,000 under S5,000,000 _ ......... ...................... S5,000,000 under S10,000,000 .................................. S10,000,000 under S25,000,000 ............................ _ _ S25,0G0,000 under $50,000,000 ................... ....... S50,000,000 under $100,000.000 ....... .... .. ............. S100,000,000 under S250,000,000 ................ ......... S250,000,000 or more ........... ...................... _ ...... Returns with 50 or more pension plans Total ....................................................... Size of total assets: Zero assets .................. __ ........................ $1 under S100,000 ...... ... ............................. $100,000 under S250,000 ............................. ......... S250,000 under $500,000 ......... ......................... S500,000 under S1,000,000 ... ............ ....... ............ S1,000,000 under S5,000,000 ............... ................. S5,000,000 under S10.000,000 ............................... _ $10,000,I)GO under $25,000,000 ................................. S25,000,000 under $50,000,000 ............................ S50,000,000 under S100,000,000 .... ........... ............... S100,000,000 under S250,000,000 ............................... ....................... $250,000.000 or more ...........
-6 6 5 5
80,591 146 2 ~ 0 :'0, 1,1 9 40,837.124
159,359 275,693 3,652,291 42,597,957
1,995 3,868 24,892 530,221
536 236 387 1,158
I *Estimate should be used with caution because of the small number of sampi returns on which it is based. . ::Data deleted because of the small number of sample returns on which they were based. Deleted data aremcluded in the appropriate totals, Identifies (a) size classes for which data were deleted because of the small number of sample returns on which they were based and (b) combined frequencies or amounts that include the data thus deleted from another size class. -Excludes Form 1120-DISC returns. NOTE: Classification by size was based on amounts rounded to thousands of dollars prior to tabulation. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data.-
144
Corporation Returns/11975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 28.-Foreign Tax Credit: Foreign Dividends, Dividends From a DISC, Net Income, Income Subject to Tax, Income Tax, and Credits, and Returns With Form 1118 Filed in Support of Foreign Tax Credit Claimed, by Major Industry 1AII figures are estimates based on samples-money amounts are in thousands of dollarsi
Major industry
Number of returns
Returns of active corporations, other than Forms 1120S and 1120-DISC Foreig Includable Western Hemisphere dividend Dividends income of Trade Corporation income Net income received Controlled deduction resulting (less deficit) from DISC 's Foreign from lotNumber of Corporations Amount eign taxes returns deemed paid
Dividends received from foreign corporations
(2)
(1)
(3)
(4) 334,751
(6)
(9)
38,134
-9,042
4,130
-
*462
652,332
Mining ............................................................
11,645
85,299
77,537
14,510
11,432
23,400,565
Metal rnining .................................................... Coal mining ................................ _ .... .............. Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
994 1,863 6,105 2,683
51,728 14,216 18,546
*8,086 34,654
163 11,122
-3,676 *1,130 6,275
9,918 1,217,367 21,931,766 241.514
Construction ......................................................
149,376
28,489
13,003
-2,609
19,082
1,956,985
18
3,183
General building contractors and operative builders ............. Heavy construction contractors ................................ Special trade contractors ........................................
58,137 12,292 78,947
7,049 18,341 3,099
'9,717
-4
8,449
404,467 816,462 736,056
-3
*1,275 *926 *982
1,168,582 1,070,049 1,238,562
Manufacturing ....................................................
181,616
4,801,822
1,987,796
268,454
2,791,228
67,807,358
252
1,415,026
69,737,602
Food and kindred products ..................... ............... Tobacco manufactures ................ ........................ Textile mill products .... .................................. ..... Apparel and other textile products .... ........... .......... :.. Lumber and wood products ...... ............ .............
12,395 39 4,818 12,631 10,455
365,085 '1 9,448 19,599 5,730 24,694
74,577 '10,922 23,417 2,665 45,871
31,220 11.318
199,991 *15,479 4,883
7,105,362 1,402,553 575,622 965,825 639,883
15
6,224
7,209,312 1,369,716 939.986 1,096,223 978,313
Furniture and fixtures ........................ ............ Paper and allied products .. ~ ......... ............. ............ Printing and publishing ........................................... Chemicals and allied products ........ ......................... Petroleum (including integrated) and coal products ..............
6,595 3,254 24,322 8,083 1,545
121,848 38,094 633,483 1,361,074
3,068 86,444 12,030 366,471 53,789
349,445 2,277,536 2,582~525 8,131,513 17,496,011
-5 .5
Rubber and miscellaneous plastics products .................... Leather and leather products ........ I : .... I ................... Stone, clay, and glass products ................................ Primary metal industries ......................................... Fabricated metal products .......................................
6,146 1,924 8,716 3,568 25,322
98,669 -1,015 55.264 197,007 124,995
18,329 831 19,546 120,458 39,271
927,988 262,195 1,010,833 2,617,850 3,348,431
-5
*692
36,180 71,810 81,967
-4 17 28
1,839 24,972 5,641
990,932 325,953 1,154,292* 2,775,171 3,660,302
Machinery, except electrical ..................................... Electrical and electronic equipment ........................... Motor vehicles and equipment .................................. Transportation equipment, except motor vehicles ................ Instruments and related products ............................ Miscellaneous manufacturing and manufacturing not allocable ...
22,302 9,648 2,016 3,493 4,801 9,543
819,162 449,817 224,739 36,754 166,371 37,785
299,403 217,276 177,678 259,494 129,274 26,982
16,443 47,356
802,448 251,861 110,743 57,846 99,451 20,249
7,828,666 3,475,963 2,682,543 1.309,738 1,907,089 909,787
27 15 11 -3 -3 15
31,739 7,083 7,515 *1,676 1,658 951
8,037,392 3,772,758 3,278,265 1,330,354 2,014,699 1,009,046
Transportation and public utilities ...............................
64,903
92,018
20,133
15,775
48,743
10,016,139
17
13,539
11,125,577
Transportation ................................................... Communication .................................................. Electric, gas, and sanitary services ..............................
50,335 6,721 7,847
50,397 29,524 12,097
4,466 -4,215 1 1,452
8,970
27,103 '18,863 *2,777
1,420,064 3,546,832 5,049,243
-8 .5 -4
*2,972 *2,012 *8,555
2,767,798 3,592,457 4,765,322
Wholesale and retail trade ......................................
484,942
194,845
270,397
17,007
83,221
16,192,579
135
16,202
19,807,015
Wholesale trade ................................................. Groceries and related products ............................... Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade .... ...........................
176,284 15,971 36,779 123,534
108,708 1,049 7,839 99,820
265,930 . 7,267 30,803 227,860
4,247
42,604
4,225
131 *25
*3.233 38,710
8,327,834 845,789 1,953,332 5,528,713
93
15,651 *123 -1,376 14,152
9,890,751 938,280 2,142,782 6.809.689
Retail trade ................... - ............................... Building materials, garden supplies, and mobile home dealers General merchandise stores .... ............................. Food stores ... ....................................... ....... Automotive dealers and service stations ......................
308,539 25.586 8,036 23,676 54.275
86,137
4,467 -1,785 -
12,760 10,914 992 -
40,617 '35,185 '959 -
7,855,444 530,722 2,367,373 1,252,849 828,224
-4 -
'551 -
9,905,787 687,012 2,782,156 1,550,149 1,118,449
Apparel and accessory stores ................................ Furniture and home furnishings stores ......................... Eating and drinking places .................................... Miscellaneous retail stores ....................................
28,236 28,351 59,173 81,206
-4 -1,041 -2,177 3,686
'740 1,443 *2,290
687,705 204,204 557,040 1,427,327
70,166 -8,407
.9 *324
74,853 1 1,694
79,618 28,176 416,435 493,218 10,363
'77 -3,110 6,436
~6,263
*509
134,630,929
_ (8)
Agriculture, forestry, and fishing ................................
1,923
3,056,269
(7)
1,658,803
-
2,396,876
(5)
All industries ..............................................
.
5,467,440
Income subject to tax
Wholesale and retail trade not allocable ..................... -
119
-
-
-
-
9,301
Finance, insurance, and real estate .............................
373,500
185,053
5,955
10,679
67,985
11,580,922
Banking ...... . ... ........ Credit agencies other than banks ............................... Security, commodity brokers and services ....................... Insurance ....................................................... Insurance agents, brokers, and service ......................... Real estate .... ___ ............. .......................... Holding and other investment companies, except bank holding companies ....................................................
13,900 50,077 4,012 6,015 29,322 232,039
55,087 9,609 3,153 27,462 5,405 2,696
-3,228
16,853 *27,421 1,079 -4,465 '4,163
2,776,640 1,288,335 633,174 3,102,230 334,330 653,908
38,135
81.641
'549
Services ..........................................................
353,269
70,872
17,867
Hotels and other lodging places ................................ Personal services ............................................... Business services ................... : ........................... Auto repair; miscellaneous repair services ....................... Amusement and recreation repair services ...................... Other services ........................ .........................
10,954 27,775 85,558 37,739 30,648 160,595
37,518 * 1,520 21,687 2,350
Nature of business not allocable ................................
1,418,
109 612
-
(1)
'221 '11, 162 5,331 *58
* 1
Footnotes at end of table. See tax I for "Explanation of Terms" and -Description of the Sample and Limitations of the Data."
1,812 *1,132
452
1,475,858
146,584,136
16
24,396
23,828,035
981,658
157.890 1,280,434 22,124.169 265,542
.8
70 15
*1,121 *41 8 50,575 1,271,104
.
3,477,193
446,391 .2,332,866 2,728,582 8,265,022 16,022,027
778,692 431,889 850,429 1,707,011 10,477 .8
-1,722
13,139,901 3,372,285 1,867,049 612,685 4,271,354 412,492 2,096,639
13,748
2,792,305
507,397
34,116
3,021,532
4,468,681
17,496 11,675 '1,336
71,961 280,678 1,056,154 260,610 644,869 707,260
279,149 313,323 1,454,544 400,772 860,064 1,160.829
-
2,517
18,474
Corporation Returns/1975
145
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 28.-Foreign Tax Credit: Foreign Dividends, Dividends From a DISC, Net Income, Income Subject to Tax, Income Tax, and Credits, and Returns With Form 1118 Filed in Support of Foreign Tax Credit Claimed, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollars] Returns of active corporations. other than Forms 1120S and 1120-DISC-Continued Major industry Total
Income tax Normal tax, surtax, and alternative tax Number of Amount returns
(10) All industries .............................................. Agriculture, forestry, and fishing ................................
66,142,544 354,731
(12)
Foreign tax credit Number of returns
(13)
Amount
Investment credit
Work in ~entjve (WIN) credit
Total income tax after credits
(14)
(1,9
(16)
it 7)
Returns with foreign income and tax credit reported on Form 1118 filed in support of foreign tax credit claimed Dividends received from foreign corporations Number of re turns Number of Amount returns (18)
(19)
870,754
65,768,276
6,137
19,987,724
6,459,746
5,321
39,689,753
5,247
21,076
351,043
55
3,308
56,768
*87
294,568
30
(20) 2,121
5,039,771
Mining ............................................................
11,411,574
5,804
11,360,769
95
10,196,770
163,766
172
1,050,866
81
31
43,837
Metal mining .................... ............................... Coal mining .............. ...... ................ ..... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ......... ....................
74,819 612,685 10,600,805 123,265
74 980 3,256 1,494
68,203 594,572 10,582,784 115,210
14 .9 55 '17
8,248 *89,283 10,073,453 *25,786
10,821 60,284 75,116 17,545
*11 *27 130 -4
55,739 463,091 452,106 79,930
10 -7 51
-5 -4 17 .5
*23,164 '2,729 17,228 '716
Construction ......................................................
1,332,279
69,869
1,320,176
146
52,834
147,424
81
19131,940
93
31
27,284
General building contractors and operative builders ............. Heavy construction contractors ................ ................ Special trade contractors ........................................
441,491 467,419 423,369
24,508 6,443 38,918
438,138 462,244 419,794
30 29 87
- 25,346 21,034 6,454
36,413 69,754 41,257
21 20 *40
379,711 376,611 375,618
32 29 32
-7 14 *10
*6.284 17,932 *3,068
Manufacturing ....................................................
32,475,162
101,982
32,306.097
2,460
8,583,123
2,864,625
3,235
21,024,179
2,339
897
4,543,389
Food and kindred products .................. ................. Tobacco manufactures .......................................... Textile mill products .................... I ..... I I .... ....... Apparel and other textile products .............................. Lumber and wood products .....................................
3,390,945 656,947 430.343 484,281 366,104
8,257 29 2,495 7,130 5,334
3,380,483 656,505 427,800 483,546 360,047
161 *10 59 98 30
361,161 * 128,669 9,326 8,257 9,833
270,300 34,808 51,017 17,933 78,946
275 *14 90 122 82
2,759,209 493,456 369,910 457,969 277,243
157
82 .5 27 14 *12
363,464 '19,448 8,119 5,174 16,930
Furniture and fixtures ................ .......................... Paper and allied products ....................................... Printing and publishing .......................................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
195,717 1,024,046 1,230,340 3,900,973 7,640,623
2,955 2,383 13,194 4,7134 826
195,441 1,018,451 1,227,175 3,889,909 7,592,218
34 61 221 238 36
2,603 110,891 39,529 640,162 5,067,480
11,041 159,233 81,820 417,402 509,056
41 68 80 133 *12
182,032 753,854 1,108,911 2,843,276 2,064,075
Rubber and miscellaneous plastics products .................... Leather and leather products ................................... Stone, clay, and glass products . ................................ Primary metal industries ............................ .......... _ Fabricated metal products ............. .........................
446,503 147,462 519,271 1,286,220 1,650,044
3,763 1,501 5,190 2,233 13,797
444,301 147,205 512.854 1,268,139 1,646,015
67 23 73 73 324
59,355 1,612 60,135 173,276 124,369
57,351 5,792 89,472 160,214 124.725
104 80 76 139 383
329,693 139,978 369,588 952,591 1,400,567
45,646 162,329 123,946
Machinery, except electrical ..................................... Electrical and electronic equipment ..... ...... __ ............ Motor vehicles and equipment . . ~ ............................... Transportation equipment, except motor vehicles ................ Instruments and related products ........................ ..... Miscellaneous manufacturing and manufacturing not allccable ...
3,762,478 1,758,41 B 1,564,767 625,210 946,012 448,458
12,182 5,091 1,258 1,588 2,717 5,275
3,749,770 1,737,668 1,554,800 622,143 944,477 447,150
424 212 58 50 98 110
1,041,653 323,593 160,405 55,436 171,842 33,536
248,110 196,123 155,547 100,971 67,846 26,918
340 278 146 448 115 209
2,47675 1,238,424 1,248,669 468,355 706,209 387,795
809,858 371,436 169,460 34,968 163.702 35,781
Transportation and public utilities ...............................
5,146,272
31,664
5,107,158
185
119,466
2,190,067
269
2,836,470
77,684
Transportation . ~ ~ ................................................. Communication .................................................. Electric, gas, and sanitary services ..............................
1,188,369 1,717,169 2,240,734
24,410 3,488 3,766
1,176,815 1,698,761 2,231,582
142 20 23
42,389 32,650 44,427
268,091 1,047,965 874,011
98 *94 77
877,791 636,460 1,322,219
36,233
Wholesale and retail trade ......................................
8,130,903
281,195
8,103,212
913
210,901
570,930
628
7,348,444
657
238
182,000
Wholesale trade ................................................. Groceries and related products . ~ ............................. Machinery, equipment, and supplies ........................... Miscellaneous wholesale trade ................................
4,071,265 392,557 872,433 2,806,275
112,900 10,452 23,675 78,773
4,056,890 391,046 868,417 2,797,427
609
129,934 '679 11,350 117,905
238,074 33,267 47,213 157,594
321 -4 75 242
3,702,936 358,607 813,795 2,530,534
498
97 502
91 397
198 -5 26 167
99,616 '637 5,140 93,839
Retail trade .... ............... .......................... Building materials, garden supplies, and mobile home dealers General merchandise stores ........................... _ ..... Food stores ............. ___ ................................ Automotive dealers and service stations ......................
4,054,932 241,516 1,302,559 686,110 378,907
168,193 15,874 5,473 13,993 31,786
4,041,621 240,537 1,300,410 682,543 375,839
304
80,967
307 -6 71 53 62
3,640,937 228,714 1,136,785 594,959 352,002
40
59,833 5,609 *98
332,721 12,689 105,870 85,489 26,745
159
13 64
13 11
--7 -.1
82,384 '68,028 8,112
Apparel and accessory stores ........................... . .. Furniture and home furnishings stores ...................... Eating and drinking places .................................... Miscellaneous retail stores ....................................
306,203 140,887 326,572 672,178
17,167 15,309 25,592 42,999
305,801 140,631 325,101 670,759
'59
121
'21 *26 *35 33
294,516 133,529 282,085 618,347
'59 -7 20 42
1,041
2,914 10,247
11,545 5,294 41,538 43,551
-3
20 42
*20
-3,010
Wholesale and retail trade not allocable ........................
*4,706
*102
-4,701
'4,571
-
-
Finance, insurance, and real estate .............................
5,644,233
184,896
5,588,151
1,394
748,039
222,812
173
4,673,209
1,233
682
117,172
Banking ....... ................................................. Credit agencies other than banks ........................... __ Security, commodity brokers and services ...................... Insurance ....................................................... Insurance agents, brokers, and service ................... ..... Real estate ...................... .............................. Holding and other investment companies, except bank holding companies .............................................. .....
1,503,334 826,612 284,283 2,024,449 150,913 673,881
10,273 24,401 2,012 3,362 16,240 112,102
1,485,274 796,922 283,833 2,021,564 150,639 670,416
159 209 29 184 146 277
548,633 32,578 3,028 134,917 5,406 1,359
123,994 30,910 6,230 27,770 4,138 26,294
81 18 .1 65 .8*
830,626 763,106 275,024 1,861,697 141,369 646,220
158 81 31 179 147 277
43 .8 20 24 139 141
53,606 *9,238 2,429 9,856 '5,375 1,192
180,761
16,506
179,503
390
22,118
3,476
155,167
360
307
35,476
Services ..........................................................
1,640,778
173,579
1,625,093
834
73,281
243,184
676
1,323,637
622
140
47,711
Hotels and other lodging places ........................... ... Personal services .......................................... - Business services .......................................... 7 .... Auto repair; miscellaneous repair services .................. . Amusement and recreation repair services ...................... Other services ........................ ...... .. ... .. . ..
106,354 115,505 561,598 134,012 370,510 352,799
4,254 13,691 40,243 19,483 12,183 83,725
104,229 114,560 555,923 130,687 369,683 350,011
19 22 391 55 212
951 5,612 27,998 '339 32,948 5,433
13,011 12,573 69,322 29,367 71,864 47,047
*11 '63 328 '69 * 205
92,381 97,257 463,950 104,237 265,698 300,114
22 362 -8 58 157
-6 *14 86 *12
-6 *6,209 26,781 14,141 '574
Nature of business not allocable ................................
6,612
11E
6,577
*55
-2
170
-
6,440
*55
Footnotes at endof table. Seetext for "Explanation of Terms"a.nd "Description of the Sampleand Limitations of the Data."
(1) (1)
(1)
55 96 29
121,844 36,474 600,495 1,355,758 97,233
12,097
146
Corporation Returns/11975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Table 28.-Foreign Tax Credit:'Foreign Dividends, Dividends From a DISC, Net Income, Income Subject to Tax, Income Tax, and Credits, and Returns With Form 1118 Filed in Support of Foreign Tax Credit Claimed, by Major Industry-Continued [All figures are eslimates based on samples-money amounts are in thousands of dollars]
Major industry
All industries ..............................................
Returns with foreign income and tax credit reported on Form 1118 filed in support of foreign tax credit claimed-Continued Includable or from Foreign dividend income Controlledincome F e~n resulting from foreigri Corporations taxes deemed paid Net income Number r of Number of Arnount Amount alums returns
DMdends received from DISC's Number urns of retur
Amount
(21)
(22) 1,023
(23)
1,787,253
Agriculture, forestry, and fishing ................................
(24)
(25)
(26) 1,054
127)
221
271,868
-
-
2,980,525
94,218,547 121,449
.8
'11,622
Western Hemisphere Trade Corporation deduction Number of returns
Amount
(28)
(29)
Income subject to tax
(30)
278
1,460,945
91,636,442
22,163,752
12
22,220
22,094,341
-6,679
21,402,911
120,433
Mining ............................................................
16
43,618
Metal mining .......................... ......................... Coal mining ..................................................... Oil and gas extraction .......................................... Nonmetallic minerals, except fuels ..............................
.9
*34,417
10 5
6,205 351
.50 1 18,719 5,441 21,436,961 102,631
-6
Construction ......................................................
-7
-8,666
16
18,994
549,585
12
2,841
547,489
-5 .8 -3
*8.284 *8,361 *2,349
114,684 374,673 60,228
-4
*1,275
122,449 366.959 58,081
General building contractors and operative builders ............. Heavy construction contractors .................................. Special trade contractors ........................................
103.846
Manufacturing ....................................................
881
1,570,662
163
216,445
722
2,719,107
54,865,827
190
1,409,692
52,711,026
Food and kindred products ..................................... Tobacco manufactures .......................................... Textile mill products ............................................. Apparel and other textile products .............................. Lumber and wood products ............. ........... ..........
51 -7 20 -7 .8
43,249 *10,919 9,409 *2,345 19,841
21 -3
31,086 11,318
61 -6 22
199,939 1 5,479 4,878 :3 822 3629
4,587,582 * 1,391,669 290,643 317 5226 4 6361
13
6,094
:1
1,2;;
4,477,067 -1,356,094 283,941 101:071 481 145
71,6; 1 27,889 387,556 493,218
" 118: 103 600393 1,134,844 7,247.681 17,036,354
-5 44 is
48,011 1,271,104
116,747 1,580,431 1,113,605 7,094,394 15,527,624
Furniture and fixtures ........................................... Paper and allied products ...................................... Printing and. publishing ............ 1, 1 ........................... Chemicals and allied products .................................. Petroleum (including integrated) and coal products ..............
26 29 96 14
71956 9:915 326,786 53,446
Rubber and miscellaneous plastics products .................... Leather and leather products ................................... Stone, clay, and glass products ................................. Primary metal industries ............. ........................... Fabricated metal products .......................................
14
14,4!?
25 36 67
16,243 77,869 28,177
Machinery, except electrical ..................................... Electrical and electronic equipment ....... ..................... Motor vehicles and equipment .................................. Transportation equipment, except motor vehicles ....... I ....... ; Instruments and related products ............................... .Miscellaneous manufacturing and manufacturing not allocable ...
213 107 38 27 69 22
Transportation and public utilities ............................... Transportation ........ .......................................... Communication .................................................. Electric, gas, and sanitary services ................... ..........
14 .6 .5 -3
*2,683 '4,215 '10,844
Wholesale and retail trade ......................................
83
125,150
-3
71
-5 72,973 '11,594
23 31 94 22
-3 -5 11
*22,581 5,752
20 31 62
30,941 56,604 81,280
568,453 94,008 654,209 1,865,146 1,561,116
-4 12 14
1,839 23,474 5,236
560,541 86,595 642,765 1,780,435 1,532,002
252,331 175,500 140,569 182,173 114,150 20,972
28 14 .8 -3 12 -4
12,185 25,474 *4,869 *1,545 5,800
112 75 23 17 59 21
800,057 246,216 109,537 47,058 98,070 20,212
6,636,126 3,056,070 3.004,700 988.609 1,720,545 517,489
24 15 11 1 -3 -7
31,243 .7083 7,515 -1,676 1,658 *820
6,557,483 2,992,492 3,029,592 977,940 1,708,716 506.346
17,742
10
15,327
31
48,473
4,692,447
4,998,771
26,833 18,863 *2,777
413,292 3,038,269 1,240,886
16 .8 .5 '3
13,152
15 -6 *10
*2,972 *2,012 *8.168
809,885 2,969,941 1,218,945
38
9,559
3,438.339
28 -7
10,363
19
16,078
116
82,763
3,571,680
12
4,220
82
42,146
1,331,272
1,260,803
69
38.252
208,081 1,097,938
205,020 1,032,827
34 -
40,617 '35,185
2,240,408 * 1,823 1,402,083 317,003
2,177,536 1,722 1,357,009 312,463
Apparel and accessory stores ... ............................. Furniture and home furnishings stores ........................ Eating and drinking places .................................. Miscellaneous retail stores ............. ......................
10,771 118,805 309,387
114.3 303,791
Wholesale and retail trade not allocable ........................
-
-
Wholesale trade ............ .............. ~ .. ... Groceries and related products .......... .................... Machinery, equipment, and supplies ......................... Miscellaneous wholesale trade .............................
67
120,243
Retail trade ..................................................... Building materials, garden supplies, and mobile home dealers General merchandise stores .................................. Food stores ................................................... Automotive dealers and service stations ......................
12
4,220
-7 -
'71'82 1
Pinance, insurance, and real estate .............................
13
7,118
99
67,162
7,291,253
6,795,174
Banking ......................................................... Credit agencies other than banks ............................... Security, commodity brokers and services ....................... Insurance ...................................... ................ Insurance agents, brokers, and service ......................... Real estate ..................................................... Holding and other investment companies, except bank holding companies . ........... .......................................
-4 -
*3,190
18 -5 -3 . ;8 3
16,819 '27,421 1,061 *3,728 *4,163 *244
2,036,743 410,971 300,832 4,014,196 153.835 203,565
2,016,970 403,492 292,188 3,631,370 147.570 196,987
42
13.726
171,111
106,597
so
32,544
960,689
929,275
-8 29 :7 6
*3,609 16,91~ 671 .350
*30,943 69,132 343.376 * 16,634 386.833 73,771
85,436 322,669 '35,095 366,396 71,781
3ervices .......................................................... Hotels and other lodging places .............................. Personal services .......................... .................. Business services ............................................... . Auto repair: miscellaneous repair services ....................... Amusement and recreation repair services ...................... Other services ............................... ! ..................
is
15,604
.5
'11,138
4ature of business not allocable ................................ Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data. '
-3,037
-1
-1
.*1,8651
-1
-1,594
147
Corporation Returns/1975
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S AND 1120-DISC Income Tax, and Table 28.-Foreign Tax Credit: Foreign Dividends, Dividends From a DISC, Net Income, Income Subject to Tax, Credits, and Returns With Form 1118 Filed In Support of Foreign Tax Credit Claimed, by Major Industry-Continued [All figures are estimates based on samples-money amounts are in thousands of dollarsl Returns with foreign income and tax credit reported on Form 1118 filed in support of forelqn tax credit claimed-Contmued Income tax Norma tax, surtax, and al~ernatrve tax Number of Amount returns
Major industry I o1al
(32)
(31)
(33)
2,348,628 362,496 1 ,420 ,572 565,560
119,447 42,371 32,650 44,426
1,208,056 10 1 ,409 959,893 146,754
177 '42 *90 '45
1,044,475 223 ,519 445,131 375,825
550,685 303, 791 121,971 124,923
124,18( 47 , 11( 32,65( 44,42(
1,631,375
210,523
148,570
96
1,277,471
636,185
223,36!
50 .5 44
420,695
451,788
79, 157 332,026
36 ,128 413,343
142,54: '67! 11,251 130,601
46 *16 *13
856,776 ' 486 525 ,462 121,895
184,397
80,82:
61,4 66 23 ,052
135, 185 12,426
59 ,83: 5,55,
' 35 5, 558 10,393
.1 -6
46,361 124,576
'4 ,486 7.766 19,838
'2,03 2,91 10.24
ransportation and public utilities ............................... Transportation .............. ... . Communication .............. Electric, gas, and sanitary services ............ . .
2,372,155 367,341 1 ,437 ,764 567,050
130 88 20 22
Vholesale and retail trade
1,636,660
651
63,080
*39
(39)
1,043,OOE 324 .7K 160.52-1 55,43( 171 ,63~ 33 ,5
2 9 1.2 ~R
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=,,by which (a) the gain from opers, for the taxable year, own out regard to these deductions, (b) the taxable investment income for the taxable year. The limitation In the foliage. Ing sentence vAll apply to the amount of the deduction for. first, dividends to Policyholders; then, accident and health Insurance and group life Insurance; and finally, certain nonparticipating contracts. Sea Schedule E-Z Part 1.
SCHEDULE ff,1-4Wquhvd (Section 809i(a)(2))
Inter
The term "required Interest" for any taxii Is year means the the products obtained by multiplying sum of (A) each rate of Interest required. or by assumed the taxpayer. In calculating the reserves described In section 810(c), by (8) the means of the amount of such reserves computed at such rate at the beginning and and of the taxable year. See General Iratructlon N.
SCHEDULE 15-2-ftft 1--Uraftatlan on Deduction 801111(f)) . (Uns 24. Schedule E) (Section i5EM 'Parts 11, 111,
and IV should be cor"" Id moll s in this in I hill this schedule, p ded In section 809(f) and explained In connection with line 24, Schedule E automatically applies. Part 11--Childends to Policyholders (Sec. tion 809(d)(3)) The term "dividends to policyholders" mea dividends and similar distributions made to pollcyholdem In their capacity as such. In general, amounts returned where the amount Is not fixed In the contract but depends on the experience of the company or the discretion of the management are to be treated as dividends to policyholders. The term does Include Interest paid (as defined in not section 805(e)), or, for example. so-called excess Interest payments made with respect to supplementary contracts not involving life, amident, or health contingencies because the such Interest payments amounts guaranteed undeF such contracts. The deduction Is an amount equal to the dividends paid to policyholders dur. Ing the taxable year plus (or minus) any Increase (or decrease) In the reserves for rlicyholder dividends payable during the of owing taxable year. For this purpose, for policyholder dividends at the end faberves of any taxable year Includes all amounts set aside before the 16th day of the third month of the year following such taxable year for payment of policy older dividends during the year following such taxable year. If the amount of the decrease for the taxable year In the reserves for policyholder dividends exceeds the amount of dividends paid to policyholders during the year, the amount of the excess shall be take into account as an Income item (line 10(b), Schedule Q. Part Ilt-Certain Accident and Health Insurance and Group Life ImiummC9 (Section 809(d)(6)) This deduction Is an amount equal to 2% of the premiums for the taxable year attributable to accident and health insurance contracts (other than those to which Schedule E-2, Part IV applies) and group life insurance contracts. Th. term premiums" means the not amount of
the premiums and other consideration taken Into account In Schedule E. However, the deduction allowed for the taxable year and all preceding taxable yours cannot exceed an amount equal to 50% of the premiums for the taxable year attributable to the oontmctL Part IV--C C rt@dfn s participating Celli. tracts (Section 809(d)(5)) This dad ction Is "t 10% of thelu aZratmh.o=`d year to In the reserves for nonparticipating contracts (excluding group co ) or, greater, an amount equal to 3 of the premiums for the taxable r (excluding that portion of the premilurns which Is allocable to annuity features) attributable to nonparticipating contracts (other than group contracts) which are Issued or renewed for periods of 5 years or more. The term "reserves for nonparticipating cantmcts" means such part of the life Insurance reserves (excluding that portion of the reserves which Is allocable to annuity features) as relates to nonparticlpating contracts (other than grou tracts). The term "premiums" means Jp co go not amount of the premiums and other consideration taken Into account In Schedule E. The premiums referred to Include only premiums attributable to nonparticipating contracts (other than group contracts) which are Issued or renewed for periods of 5 years or more, but do not Include that portion of the premiums which Is allocable to annuity features. The deter. mination of whether a contract meats the 5-year requirement will be made as of the date It was Issued or renewed, whichever is applicable. Thus. a 2019ar nonparticipating endowment ricy will qualify under section 809( )(5), even though the Individual insured subsequently dies at the end of the second year, since the policy was [awed for riod f 5 or more. Howevar, .a f.= onmr.-t' le term contract will not qualify, In that, as of the date it was Issued (or of any renewal date), It was not for a period of 5 gears quently more. Also, a policy originally suedorfor a 3-year period and subserenewed for an additional 3-year period will not qualify. However, If this policy were renewed for a period of 5 13 would =17I %gion .mbr(dpo )(5) rom the t was renewed.
SCHEDULE F.-Shareholders' Surplus Account (Section 815(b)) Section 815(b)(1) provides that each stock life insurance company (both do. mestic and foreign) must establish and maintain a shareholders' surplus account. The balanceI remaining mustIn this account as of January , 1975 be Increased by the net additions thereto as provided In section 815(b)(2) (lines 2-8 of the schedule). In determining the amount to be entered on line 3, the amount If by which the net long-term capital an(,, exceeds the not short-term capital Cs'n must be reduced by the taxable Income (computed without regard to section 802 (b)(3)). For Instructions on the limitation of the dividends-received deduction on line 4 when the Too% dividends-received deduction under section 243(b) or the diAdends-recelved deduction under sec. tion 1564 is applicable, see instructions for line 21(d), Schedble E. Subtract from this account angiamount th t * treated s under action as a distribution al is to shareholders. Any distribution to share.
holders must be treated as made first out of this account, to the extent thereof.
SCHEDULE G-Polkyholders' S rplus Account (Section 815(c)) USection 11 815(c)(1) provides that every mk life Insurance comFaga(bath do= and foreign) shal blish and maintain a policyholders' surplus ac. count. The balance remaining In this aial count as of January 1, 1975 must be increased by the additions as provided In section 815(c)(2) (line 2 of the schedbe decreased. by the subtractions Avided In section 815 (c)(3)(line,it as theschedule). Enter on tine 4(a) the actual distributions to shareholders In excess of the amount reported on line 9, Schedule F. The amount to be entered on line 4(b) 13 the tax attributable to the amount (which Is treated as a subtraction fmm this account) which after deducting the tax Is the amount reflected on line 4(a). This amount can be determined by ap. plying to the amount on line 4(a), a ratio, the numerator of which is 100% and the denominator of which is 100% minus the taxpayees tax rate (the sum of the normal tax rate plus, If applicable, the surtax rate). The subtractions to be an. tared on line 4(c) must be treated as made only after the subtractions have been made on lines 4(a) and (b). Section 815(d)(5) provides that If any amount added to the policyholders' sur. plums ro account Increases or creates a loss
operations and part or all of the loss cannot be used In any other year to redues the company's taxable income, then the loss will reduce (as of the time the addition to the policyholders' surplus account was made) the policyholders' sur. plus account. The reduction from the account must be made after any addition and before any amounts am subtracted from the account. If the policyholders' surplus account has been adjusted under section 815(d)(5) and the balance at the end of the preceding year Is different from the balance as of the beginning of the current year, attach h Ing adjustments to recoricl. le"th. dul. recedshow. ing balance and current balance. SCHEDULE J.-Compensation of Officers . Complete Schedule J for your 6 highest paid officers. To determine the highest aid officem, add all allowances, includF pense account allowances, to each officer's compensation. Expense account allowance means: (1)' amounts, other than compensation, received as advances or reimbursements, and (2) amounts paid by or for the corporation for expenses incurred by or on behalf of an officer. Col. umn 8 does not have to be completed for any officer for whom the combined amount is less than $30,000. The Information Is to be submitted by each member of an affiliated group included In a consolidated return.
1. Surtax exemption and tax rates.The Tax Reduction Act of 1975 increased the corporate surtax exemption from $25,000 to $50.000 and decreased the first tax rates from 22% of the $25,000 of taxable income and 48% of any excess, to 20% of the fi $25,000 of tax: able income; 22% of rat the next $25,000: and 48% of taxable income in excess of . $50,000. Members at group under section 156I.-For & controlled members of a con. trolled group. the $50,000 surtax exemption Is to be divided equally unless the group consents to split up the exemption in accordance, with an. apportionment plan. Accordingly, for purposes ofgroup lines 5 and 7. members of a controlled will enter one-half of their surtax exernption on tine 5 and the remaining one:half on line 7. For example, if them are 5 members and they allocate the $50,000 surtax exemption equally (i.e. $10,000 each), each member will enter on line 5, one-half of $10,000, i.e. $5.000, and on. line 7. the remaining one-half of the sur. tax exemption, I.e. $5,000. See section 1561 and the regulations thereunder for the time and manner of making the consent. 2. Credit for Id I urred 1. Work Iricardive"911N)"= 'Employers may claim a credit of 20% " of the salaries and wages paid or Incurred for employees hired under a WIN pmgram. The credit is allowed for the salaries and wages paid or incurred for the first 12 months of employment. The WIN credit has been extended to include wages paid certain welfare recipi. ents hired after March 29, 1975 for semIces performed before July 1, 1976. For his and limitations, see Form =74ilaInd" sections 50A and SOB. 3. Tax from recomputing a prior year WIN credft.-If a WIN employee Is dis. missed before the end of the first 12 months of employment oV during the following 12 calendar months, you must repay (with certain exceptions) anrartax credit previously taken.on the sa as ;nd "gas paid or incurred for that amI,.. (sea r.o. 4874.) The tax from recomputing a prior year work Incentive credit may not be offset
against the current year's work Incentive credit. 4. Investment credIL-The investment credit has increased from 7 percent to TO percent fo, property acquired and placed in service after January 21. 1975 and before 1977. and for property constructed by the taxpayer (and placed in service dur. ing the year) to the extent of construction accomplished after January 21, 1975 and before 1977. Corporations may elect an 11 percent credit for such property if one percent ofthe qualified investment is contributed to an employ" stock ownership plan. Complete Form 5500 for each em. ployee stock ownership plan and file it on or before the 15th day of the 5th month following the close of your taxable year. The limit on the amount of used property eligible for the investment credit has increased from $50,000 to $100.000 for taxable years beginning. after 1974 and before January 1. 1977. , The investment credit has been extended to include progress payments made during the construction of property that requires at least two years to con. struct and that has an expected useful life of at least seven years. This provision is effective for progress payments made after January 21, 1975. 5. Tax from recomputing a prior yrr is. Investment credit.-If property Is posed prior to the life-yeam category used inofcomputing the investment cred. it the credit must be recomputed using a; the useful life the period the property was actually held. (For recomputations of the investment credit for qualified progress expenditures, see section 47(a)(3).) If the credit taken, Including carrybacks and carryovers, exceeds the recomputed credit, the tax in the year of disposition must be increased by the excess. Form 4255 may be used to compute the tax. The tax from recomputing a prior year investment credit may not be offset against the currint year's investment credit. 6. Foreign corporations.-A foreign corporation carrying on an Insurance business within the U.S. is taxable In the some manner as a domestic insurance company with respect to its income effec. tively connected with the conduct of a
trade or business within the U.S. Sea sec. tion 842. Income from sources without the U.S. which Is attributable to U.S. bus. iness is treated as effectively connected with the conduct of a trade or -business within the U.S. For further definition of effectively connected income, Aft section 864(c). Any other U.S. source income received by a foreign corporation not effectively connected with the conduct of a trade or business within the U.S. is taxed at a 30% (or lower treaty) rate. Sea section 881. If you have spy such Income, attach a schedule showing: the nature of In. come. amount of income. rate of tax (30% or lower treaty rate), and amount of tax. Where the surplus of a foreign life in. surance company held in the U.S. is less than a specified minimum, an adjust. ment is required under section 819. When this minimum surplus adjustment is applicable, a reduction of tax impq by section 881 is provided in sectior nS19 (a)(3). Attach a statement showing the computation of reduction of section 881 tax and enter the net amount of the tax imposed by section 881 on line 17, page 1.
7. Minimum tax an tax preference ItemsCorporations ha~ln tax preference items In excess of $38.000 must attach Form 4626, Computation of Minimum Tax. Items of tex preference are: (1) accelerated depreciation on real Property, (2) amortization of certified pollution control facilities, . (3) amortization of railroad rolling stock, (4) amortization of on-the-job training facilities, (5) amortization of child care facilities, (6) reserves for losses on bad debts of financial Institutions. 117) excess percentage depletion, and (8) capital gains.
Tax Computation Instructions Goneral.-Section 802(a)(1) provides a normal tax and surtax on the life in. surance company taxable income computed at the rates provided In section 11.
7
a
042208279
SCHEDULE D (Form 1120L)
Schedule 0 (Fama 112OU
U.S. Life Insurance Company Sales or Exchanges of Property
Name
1@75 Employer identification number
1975
fasint 2
ary Gains and Losses (use columns, a "~ g
owt columns a throueb Its n =mustX1b,@r=f%,gsIns Un a of an
Sali'l,
assets whose F.M.V. an 32131/ In coM:= ,=ltrndadJu co,=ba"' on that date. Exclude any ordina vestment a reported P, part b. D te D it Dacmeclaticei far a. rind==::,=-sxrr, quir% allowable)
Capital
. 26
Assets-Short-term capital gains and losses-Assets held 6 months or less
& Kind iinecit of pmd
b, oat 11 q.1rd dayr Vrw)
..I .... n*
1 Date old I-. day. yr.)
I a. Depreciation .11...it (., 1111-10*1
it. Gm,s Was
In, _"a f. Cast"itor other -m. . of -1.
J. Get loss or. . 1- 0
. ....... ............ . ....... ....
other beIsisCost,itor-pm_ of sale
(t Gain or IPlus . less 0
29 Total of column g (where columns It througli k am not requ ired) & F.M.V. - of 12/31/58
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L AdJusted basis as of 12/31/58
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1.
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val.
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.1 caAW, h over I. it ..Y
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L Gal. (a.- of cal.m. Wumn I. but ack Is. than
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2 Unused capital loss carryover (attach computation) . . . . . . . . . 3 Net short-term capital gain or (loss) (total of column . Enter here and on line 8 .
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Long-term capital gains and losses-Assets held g) more than 6 months (Use columns a through if except that columns a through It must be used for gains on assets whose F.M.V. on 12/31/58 exceeded the adjusted basis on th at date.) 4
- --------------------.. .................. _ :-- -------------------- -
5 Total of column g (where columns It through It are not requi red) h. F.M.V. as of 12/31/58
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1. Adjusted b-i, as of 12131/58
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1. E-__n of -lumn it h we, any
30 Total of column k .. . . . . . . . . . . . . . . . . . . . . . . . 31 Met ordinary gain or (Ioss) (total of lines 29 and 30). Enter here and include in total of line 11, Schedule E . . Gain from Disposition of Depreciable Property and Certain Real Property Held Mor Than 6 Month Sect.".. 1245 (Report gain from disposition of other depreciable rest property In Part V1. For Investment sessarts, see Instructions for Part 1.) u,
ne
nda" *'ach P-P d=%ticin)
b. Dal.
Data -to mame dayr Yrj
.1 Ce t - oth., beat. t .pan- .1 W.
L Gain of c,l,mn if C.Ivmn fe-c 1, kidasnot les, than am) .............. - ----------- --------_--------------- -------------------------- ------------------ ...............
f. Total din" let allowed for =110=10)
Atli less sted baothi (a
1. D.Preicialki. at ac! (or allowable) after plicable data ties, t"Aructlems)
"WIZI ggtrt
asse Or~huiq th,J, of h
L Other aill. (h less
-----.
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..... .. ........................
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Tote : of column It . . I Net ong-term capital gain. or. (loss) 6 . . (total . .of .lines . 5. and . 6). . Enter . . here and on line 9 JUE~
d. Gmss sales price
32
Summary of Capital Gains and Losses
*, Loss
It. Oak,
8 Net short term capital gain or (loss) from line 3 . . . . . . . . . . . . . . . 9 Net long-term capital gain or (loss) from line 7 . . . . . . . . . . . . . . . 10 Net short-term capital gain (line 8, column b) reduced by any net long-term capital loss (line 9, column a) (Enter here and on line 6, Schedule A, Form 1120L) . . . . . . . . . . . . . . . . . . . . . 11 Net long-term capital gain (line 9, column b) reduced by any net short-term capital loss (line 8, column a) (Enter here and on line 7, Schedule C, Form 1120L and on line 8, Schedule E. Form 1120L) . . . . . . . . .
33
Total ordinary pid. Enter here and an Jim 28, and identify a; gain from lim
34
Total other gain. Enter here and on line 38, and identify as gain from Part V. (If this amount includes any gain fro. casualty or theft ses Instructions.) . . . . . . . . . . . . . . . . . . . .
Ka~ Gain from Disposition of Depreciable Real Property ... Held More than 6 Months--Section (if held I year or less, we instructions for columns 1 and J. For Investment assets~ see Instructions for Part 1.) (If
, Ind of pro, if.Zieftau _rY. Vach
b. D,1* acquired (mo., day. yr.)
I Data sold I- day. Yr.)
d, Gross Was price
12iO_
Cast a, other basis nd ..parose of sak,
35
IZEM Alternative Tax Computation 12 (a) Taxable investment income (line 1(a), page 1, Form 1120L) (b) Less line 11 above . . . . . . . . . . . . . . 13 (a) Gain from operations (line 1(b), page 1, Form 1120L) . . . (b) Less line 11 above . . . . . . . . . . . 14 Enter the smaller of line 12 or line 13, but not less than zero . . 15 50% of the excess, if any, of line 13 over line 12 . . . . . . 16 Amount subtracted from policyholders' surplus account (line 3, page 17 18 29 20
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1, Form 1120L) .
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22 20% of line 18 . 23 22% of line 20 . 24 48% of line 21 .
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& Adl usted b iti. Of fees 1)
L Column k times applicable ftess pe~ age mAr.)"d
m.
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r hexces;,, if
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Additional datereciallass (see 1. Aft.,to. 12/31M 1. Aft r I/l/70
2/3,/69
L Eider column h w column I. hicrever W.,
wad=
is. Columm n times pficatil. Meg'.'
le. Ordi,:~y a of
pin
q.(Oth.r %;In h 6........................ .......................
36 Total ordinary gain. Enter here and an line 28, and identify as gain from line 36
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26 30% of line 11 . . . 27 Alternative tax-Add lines. 25. and . .26. . If .applicable, . . . enter . . here . and an line 13, page 1, Form 1120L and write Alt" in the margin to the right of the entry . . . . . . .. . .. . . . . . . . . . .
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37 Total other gain. Enter here and an line 38, and identify as gain from Part VI. (if this amount includes any gain from casualty or theft. ses instructions.) . . . . . . . . . . . . . . . . . . . . .
.
JUMIM Sale or Exchange of Property Used in Trade or Business and Involuntary Conversions-Section 1231 a. I'dattach of P =Vd(jftlon) s"n"
25 Total of lines 22. 23, and 24
Is. Tota l x in (it fees
..._ _--------------
Total of lines 14, 15, and 16 Enter line 17 or $25,000, whichever is lesser. (Component members of a controlled group: see instructions) Line 17 less line 18 . . . Enter line 19 or $25,000, whichever is lesser. i - ~(Component . . . . members . . . of.a controlled . . . .group: . * see instructions) ' ' * * .'
22 Line 19 less line 20
f. Total (:%,acI,=)
b. Data c. q.l,ed (day. Y1.)
. Date -fit (irio;~.d,y.
& G... sades on..
I
..0aprecl.flim allowable)
I
f-Costoloth., car, of -1.
j. cal. . Ios. . 1- 0 of-
39 .
. ....................... .
as - ------------------------39 Total (if gain, enter on line 4; if loss, enter on line 20. Identify as gain or (loss) from Part VI
Schedule D (Form 312OU
,& - at Per- - a,, aft A&
1975
SchisiNil. D (Form 2120L)
Instructions (References are to the internal Revenue Code.) Every sale or exxharaps of property must be reported In doWl oven though on pin or less -ft. In general, all or part of the gain on a dis. position of property my be required to be ra, ported as ordinary Income under the provisions of sections 1245, 1250 (no Parts V and VI), 1251, and 1252. The remainder of the gain may or may not be subject to Capital gain treatment depending On the circurrestancen,
Rules far of I" he" and Certain Involuntary Conversions (1) Farm property.-Rater to sections 1251 and 1252 for the treatment Of gains on disposition of certain farm property. (2) kAobjon (a) If gains from involuntary conversions arising from Casualty or theft of property used In a trade or business or of any Capital asset held more than * months equal or exceed the losses, the gain and lones am to be entered in Part VII and treated a section 1231 gains and losses along with gains and loss" an dispositions of other section 1231 proparty. If the Imars froin such involuntary couversions exceed the lights, the gains and to= are to be entered in Part IV and treated as Ordinary gains and l~ This applies to both insured and uninsured Property. (b) Gains from is else suchauction involuntary 1 Conversions of 245 or 1250 property property which must first be reported in Part V or Part VI to determine how much gain is ordinary income Any remaining gain (line 34, Part V, or line 3i, Part VI is Included In the separate Computation described in the above paragraph.
PART I Capital someds-Each item of property Mid by a Corporation (whether or net onnoded with ft trade or business) is a capital asset .-I-Pt: (1) inventoriable rinets or property held prithstrily for sale to customers; (2) depreciable or rad property used in the trade or business; (for m imurrano, companies, this retain Only in life ro"rty used in carrying on an insurance busi=. e.g., home office building; branch Offices; :ffke equipment; etc. and ...lud., investment seats that produce interest, rivits. dividend. Or royalties) (ses section 817 (a)(2)); (3) certain Copyrights, literary, musical or artistic comPositical letters or memorandums' ' or similar property; (4) accounts or notes receivable acquired in the Ordinary Course of a trade or business for services mortared or from the sale of livoperly described in (1) some; and (5) Certain short. term Federal, State, and municipal obligations issued an or after March 1. 1941, on . discount b-.,. Thus, the gains or lossurs from the .1. 0, exchange of depreciable assets attributable to any trade or business (other than an insurance business) carried on by the life insurance curn. party, such as renting various pieces of real estate or operating a radio station a housing gain, davulopment. or a farm. he tmitie~-xs or Inner from the sale "it' or exchange of capital sets. Exchange of "Like Kind" Property.-Although no gain or loss is recognized when property held for productive use in a trade or business or for investment (not including stock in trade or other
property held primarily for sale. nor stocks. bonds, notes. chosers in action. certificates of trust or beneficial interest. or other securities or evicamon at indebtedness or Interest) is exchanged solely for property of a "like kind" to be held either for productive me in a trade or business or for investment. you must report the transaction in the appropriate pan and identify the property disposed of in Column (8). Enter the date of acquisition in opium (b) am write the date of exchange in column (c). Write "like kind exchange" in column (d) and enter the adjusted basis in column in. Enter own, I" Column (S). (Sea section 1031.) knessurent assiors.--4aires dr, losses fmch the "to or exchange of Investment assets are treated M gains or losses from the sale or an, change of Capital assets. (See above.) All Miss of investment $net$ subject to sections 1245 and 1250 should be reported in Parts V and VI resialiCti,sly. regardless of the length of time held. If held 6 months or leni. the -their gain reported in Column it. Part V and Column q, Part VI, should be entered on lim 1, Part I and identified M gain from Part V or Part VI. If held mom than 6 months. the other pin re. ported in column k. Pad V and column is Part VI, should be entered on lim 4. Pan 1. and identified as gain frorn Part V or Part Vt. Any amount included in Column j, Part V and column p, Part VI as Ordinary income from the In Of 1. tment assets should be included in line 7, Schedule A. Column g.-Except where section 817 is appl.cable, the gain or loss is the result of column d plus column a. less column I. Where section 817 is applicable, complete columns a through I end attach a schedule showing the method of -hputing the gain reported in column a. San instructions for "Basis." Columans h-ix-Them columns am to be used Only in the event of gains on disposition of property if the F.M.V. of such property held on December 31, 1958 exceeded the adjusted basis for determining gain as of such date. Lim 4-M Cols. ai Enter the total of applicable items from Part Vil and other long-term capital gains and losses (excluding the gains it- those assets whose F.M.V. on 12/31/58 exceeded the adjusted basis on that dem). (B) Cut& ii-ir- Enter Orly the long-tern, capital galm of these assets whose F M V on 12/31/58 exceeded the adjusted beat.' W ' * that date. Caphisi imm.--Capital fors- are allowed only to the extent of capital gains. A net capital loss may be carried back three years and forward ft" as a short-term Capital lose. H-1. the subject the lintitations of section Jose carrythack, is amount to allowable as a Capital 1212(a)(1). Under the provisions of sectior, 641 1, a quick refund of the tax overpayment created by the capital loss carryback may beIOU obtained by filing Form 1139. It a net capital carrybuti, cre. ates an unused investment credit . an unused eding year, work incentive (WIN) credit in a the unused credit may be carried theback to the thin preceding years (however. WIN credit cannot be Carried back to years beginning before 1972). and, under the provisions of section SitI I~ a quick refund of the tax -,payment may likewise be obtained by filing Form 1139. Worthless soccuritles.-Except for banks, if se. curitin which are capital .,sets become wholly worthless during the taxable year, the lose is to be treated as a capital less as of the lost day of the taxable year.
Loweens not allowatill-40 Was is allowed for wash set" of stock or securities. (San section 1091.) No loss is allowed (distributions In H4,11drition excurpled) on transactions butlisted persons. (Sm section 267.)
Left-humn capital get- it- ressilrused havest, weves componles.-Include in income as a longterm capital gain the amount the corporation ties bear notified Constitutes its shume at the undistributed Capital Haim of a musilated investment company. Shad sales of capfti weset-Ses Motion 1233 for miss relating to Certain short sukes of stock or other securities and transactions in Commodity futures, Basis.-The "baul for Certain property is not subject to the same, rule for reporting gang as for losses, (a) Get. on property held - Discumber 31, 195S.-Section 817(b)(1). in affect. firrift. the annount of gain that is to be recognized on the sale or other disposition of certain proparty held by the company on December 31. 1958. This is accomplished by treating the gain on the sale or other disposition of such property of an amount (but not less than zero) equal to the amount by which the gain (determined without regard to section 817(b)(1)) exceeds the difference between the fair market value on December 31, 1958. and the adjusted basis (in provided in section 1016(a)) for determining gain as of such date. This limitation on the amount of gain -ognized applies Only if (1) the property was held by a life insurance company On December 31. 1958; (2) the fair market value of the property 31. 1958, is greater than the basis for determining gain as of that date; ad' ph December justed and (3) the taxpayer has been a life insurance Company at all times on and after December 31. 1958. Until the date of sale car other disposition of the property. (b) Certain substantial property =qWMd after December 31, I95&--Sm section 817(b) (2)(A) through (E) for certain rules for such property. Section 817(b)(3) provides that the term "property" (for purposes of (a) and (b). does not include insurance and annuity contracts, (and contracts supplementary thereto) and property described in section 1221(l) (mlating to stock in trade or inventory-type propOnly). (C) Property hold on December 31. 1956, stiff cartain substituted property acquired ~ December 31. 195S.-In determining Idea for such property (described in (a) and (b), above) the basis is cost adjusted as provided by text, tion 1016. (d) Other property acquired after December 31, 1958-Where property, other than property described in (b) above. was purchased after December 31, 1958, the be is is cost, adjusted as provided in section 1016.s=n, property was acquired by bequest. gift, involuntary conversion. or wash sale of stock, Me sections 1014, 1015. 1033, and 1091. respectively. (a) If a charitable contribution deduction is allowed by reason of the sale of property to a charitable organization, the adjusted basis for determining gain from the sale is on amount which is in the surnis ratio to the adjusted basis as the amount realized is to the fair market value of the property.
page 4
1975
PART III
PART VI
Alternative tax-If the net long-term capital gain exceeds the not short-term Capital king, then, in place of the normal tax and surtax imposed upon taxable income, them is imposed an alternative tax (if the tax is Ins than the normal tax and surtax). Th. alternative tax is the sum of (1) a partial tax Computed at the normal tax and surtax rates on the taxable income determined by reducing the taxable investment income. and the pin from opearations, by the amount of the excess of the net long-term, Capital gain Over the net short. term Capital Ion, and (2) 30% of such excess.
Gain friern disposition of depradatelle red PmPonly hold crepre than six mooths. (Section 1250).-(Report any gain from, such property held not more than at. month, in Part IV. For investment assets, seve instructions in Part 1.) In general. when section 1250 property (a defined below) is disposed of. all or a portion of the "additional depreciation" will be treated as ordinary income. Except for ceti. involuntary conversions referred to in section . the b.l. ance, of gain. if any, is to be combined 1231 in Part Vil with pim and losses from section 1231 property. Section 1250 property is depral met property, other than section 1245 property.
PART IV Ordinary gain and investment assets, me instructions for Part 1.) Include gains and losses from disposition or involuntary conversion of land and depreciable property held six months of ten and gains and losses from compulsory or involuntary conversion of Capital as. sets hold six months or less. If after grouping all section 1231 transactions the houses exceed the gains. report the net loss in Part IV as an ordinary less. If lorress from Involuntary convers,ors rising fmint casualty or theft of property used in a trade or business (as defined In section 1231) or of any Capital asset hold more than six months exceed the gains. enter the gains and losses in Part IV as ordinary gains and losses.
PART V Gain from disposition of depreciable property and Certain real property than six months. (Section 1245).-(Repot held mom any gain from property held not more than:ix months in Part IV. For investment assets. instructions for Part 1.) In general, when section 1245 property (as defined below) is disposed of, gain will be treated as ordinary income to the extent of depreciation allowed (or allowable) after 1961 Except for Certain involuntary Conversion, teferred n,' to in section 1231. the balance of the gai if any, to be combined in Part VII with gains and is losses from section 1231 property. Section 1245 property is property which is depreciable (of subject to amortization under section 169 or section 185) and is efth(a) personal property, (b) elevabom and ncalatom, (c) real property (other than property de. scribed In d)) subject to amortization under sec. tion 169, 185. or 188, o (d) tangible real property (-Cept buildings and their structural components) if used as an integral part of certain business activities or as a facility for research or as a facility for the bulk storage of fungible commodities (including commodities in a liquid or gaseous state) in connec. tion with such activities. These business activities am manufacturing, production, e,traction, or furnishing transportation, communications or Certain other public utility services. See section 1245(b) for exceptions and lim. Itations involving: (a) disposition by gift. (b) certain tax-free transactions, (c) like kind exchanges, involuntary conversions. (d) sales or exchanges to effectuate FCC policies and exchanges to comply with SEC tU.n orders and (e) transfers to t3l.exempt organize where pmpany will be used in an unrelated business. Column L-Enter depreciation allowed (or allowable) after December 31, 1961. However, use June 30, 1963 for elevators and escalators and December 31, 1969 for livestock.
See section 1250(d) for exceptions and limitsU.na Involving: (a) disposition by gift. (b) certain . tax-free transactions, (c) like kind exchanges, in. voluntary conversions. (d) sales or exchanges to effectuate FCC policies and exchanges to Comply lowwith SEC orders. (a) disposition of qualified income housing. and (f) transfers to tax-exempt organization where property will be used in unrelated business. Column I and 1. additional depreciatloh.-In the case of section 1250 property held one year or less, additional depreciation is the total amount of depreciation claimed. In Such ... omit columns i thru o and enter in column p the lesser of the amount of gain (column h) or the total amount of depreciation Claimed (col. umn 0. For property held more than one year. addi. tional depreciation is the excess of actual depre, ciation attributable to periods after December 31, 1963, over depreciation for the same period using the straight compute fine method. Ent r in column i the additional depreciation for thee~rlod after December 31, 1963, and before January 1. 1970, and in column 1 the additional depreciation for the period after December 31, 1969 FO; additional depreciation attributable to rehabilitation expenditures, an section 1250 (b)(4). Column 1, applicable pencentage-Enter 100% of column k in Column I except as fiall(1) In the case of section 1250 property dis. posed of pursuant to a written contract that was, On July 24, 1969 and at all times thereafter, binding on the crivner of the property, the applicable percentage is 100% minus I percentage point for each full month the property was held after the date it was held 20 full months; (2) In the core of section 1250 property con. struct , reconstructed, or acquired by the tax. payer before January 1, 1976, with respect to which a mortgage is insured under section 221(d)(3) or 236 of the National Housing Act, or housing is financed or elsismd by direct loan or tax abatement local laws, under similar provisions of the State or and with respect to which the mner is subject to the restrictions described in section 1039(b)(1)(B), the applicable percentage is 100% minus I percentage point for each full month the property was held after the date it was held 20 full months; (3) In the case of residential rental property (as defined in section 167(i)(2)(B)) other than that covered by (1) and (2) above, the applica. ble percentage is 100% minus I percentage point for each full month the property was held after the date it was held 100 full months; and (4) In the case of section 1250 property for which a depreciation deduction for rehabilitation expenditures was allowed under section 167(k), the applicable percentage is 100% minus 1 percentage point for each full month in excess of 100 full months after the date on which the property was placed in service. * US -RNUMT PRIWIIG onnio, mr-S-1 14
Collumn o, apfullicable Parmntrjw-The appliCable percentage Is 100% minus I Percentage point for each full month the property was hold after the date It was held 20 full months.
PART V11 Set. or -chartlis Of property used 1. tureds business and involuntary conversion. (Section 123II-Section 1231 provides special treat. ment for the recognized gains and losses on the sale or exchange of "property used In the trade or business" and upon the Compulsory or involuntary comansion of (1) such property and (2) Capital assets hold mom than six months. Note: Refer to page 3 for min for involum. tary comwersions resulting from Casualty or theft. After determining in Paris V and VI how much of the tat:1 gain front disposition of depreciable Property I ordinary gain. combine the total other gain with other gains and losses from section 12?1 property to determine if them is a not gain or net loss. The total shown on line 39 de. rt:minM whether the Item reflected therein rep. sent a long-term Capital gain or an ordinary loss. This total must be entered on line 4 or line 28, whichever is applicable. In determining whether gains exceed losses. include the gains and losses to the extent they would be included if they wim, all ordinary gains and losses. The limitation of section 1211 on the deductibility of Capital losses does not apply. Section 817a) provides that In applying sec. tion 1231(m), the term "property used In the trade or business" shall be treated as including only (1) property used In Carrying on an insur. once business, which is subject to depreciation provided in section 167 and held for =to than 6 months (including real pmpert~peut excluding (a) inventorlable property or pro rty held primanly for Ufa to customers, and (b) certain Copyrights; literary, musical or artistic compositions: letters or memorandums; or similar prop, erty)- and (2) timber, MI. and domestic inin One t~ which action 631 applies. The total shown on line 39, page 2. date, mines whether the items reflected therein repre. sent a long-term capital gain or an ordinary loss. In either Case. after the initial determination, the items must be segregated into (1) assets hold on December 31. 1958, where the F.M.V. exceeded the adjusted basis on that date, and (2) other. Enter the totals into the appropriate Mhedulas of Part I or Part IV. Unix 38,Enter each section 1231 item not carried over from line 32. Um 39-Enter the net gain or loss of the section 1231 items described In Part VII. Minimum tax an tax prefarthice Iterns.-If the net long-term capital gain exceeds the net short. term Capital loss. you may be liable for minimum tn. Sao Form 4626. Membem of a Controlled group under section 156I.-For members of a controlled group. the $50,000 surtax exemption is to be divided equally unless the group Consents to split up the exemption in accordance with an apportionment plan. Accordingly, for purposes of lines 18 and 20. members of a controlled group will enter one-half of their surtax exemption on line IS and the remaining one half on line 20. For ex. ample, if there are 5 membom and they allocate the $50,000 surtax exemption equally (i.e. $10,000 each). each member will enter on line 18, one-half of $10,000. i.e. $5,000, and on line 20, the remaining one-half of the surtax exemption. i.e. $5,000. See section 1561 and the regulations thereunder for the time and manner of making the Consent.
~Mrf
F-1120MJ ry D.Ptart intems Name
U . S. M u tual Insurance Com p an y Income Tax Return
Polid. or
FOR CALENDAR YEAR
Deposits,
IM75
contionies end othe, Than rl'. Phannhurn A Employer identification number
I
Number and street
E. Date incorporated
0 Did you previously submit a copy of the annual statement for the preceding year as required by General Instruction I? It "Yes," name the Internal Revanthe Service Center where filed. E ----------------------------------------------------------------------Dan a copy of the 1975 annual statement accompany this return? If "No," explain why the statement is not attached. IF Did----you at --------------------------------------------------------------the end of the taxable year own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? . . (For rules of attribution, see section 267(c).) If the answe "Yers," attach a schedule showing: (a) name , address, and employer id wification number, and (b) percentage owned. r is
ze tj :E
HE 0
H Did you claim . di,1.1fior for expenses otmr,tted with: (1) Entertainment facility (boat, resort, ranch, etc.)? (2) Living ng a commodations (except for employees an business)? (3) Employees' families at conventions or meetings? 1 11 0 111 (4) Employee or family vantions not reported on Form W-27
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Schedule C) . . . . . . . . . . .
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7 Normal tax-the lesser of (a) or (b): (a) 22% of6,line 6 .. . -- ---------- - --------(b) 44% of (amount by which line 6 exceeds $ 000) . -- -------------- ---------------8 Suhrtax~ 26% of [(amount by which line 6 exceeds $50,000) and 9 T amount $........................................... to be included by reciprocal-see instructions) . . . . . 9 I, onceI (Iitna 7 plus line 8) . . . . . . . . . . . . . . . . . . . . . . . Alterna ive tax for certain small companies (line 6, Schedule A-2) . . . . . . . . . . . 10 11 Income tax--4ine 9 or 10 above, or line 21 of separate Schedule D (Form 1 120),
hich ever a p PI its . . . . 11 1i 2a .................... .. f
12 (a) Foreign tax credit (attach Form 1118) (b) Investment credit (attach Form 3468) (c) Work incentive (WIN) credit (attach Form 4874) 13 Total of lines 12(a), (b), and (c) . . . . . . 14 Line 11 less line 13 . . . . . . . . . .
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15 Foreign Corporations-tax on income not connected with U.S. business (see instructions) . 16 Tax from recomputing a prior year investment credit (attach Form 4255) . . . . . .
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17 Tax from recomputing a prior year WIN credit (see instructions-attach computation) IS Minimum tax on tax preference items (see instructions-aittach Form 4626) . . . . 19 Total tax (add lines 14 through 18) . . . 20 Credits: (a) Overpayment from 1974 allowed (b) 1975 estimated tax payments . . . . (c) Less refund of 1975 estimated tax applied
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(d) Tax deposited with Form 7004 (attach copy) (a) Tax deposited with Form 7005 (attach copy) . . . . . . . (f) Credit from regulated investment companies (attach Form 2439) .
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(g) Cred by reciprocal for tax paid by attorney. in-fact under section 826(e) . . . ...................... (h) Otherit tax credits (see instructions) . . . . 21 21 TAX DUE (line 19 less line 20). See instruction G for depositary . method . . of payment . . . 22 OVERPAYMENT (line 20 less line 19) . . . . . . . . . . . . ~ Enter amount of fine 22 you want: Credited to 1976 estimated tax ii~ Refunded la- ~ 2.3 under -.10as of pribuy. I declare that I how -hrined thi, habun, ind,ding ,,,,Ponying chad.l., am ',art. I, and th. bt,t of y kno.ladg, rd Wirt it it u., w c,,Pl,t,. ad-tw, o pre-, rather than tu,,a-) i, Wuwl on III ~161-011 of ehi,h the or,purer he, any k-twig, to Indom I awa. S,,k, there net Data ==V =111,1 asee. of- Place It ... ----------------------------------------------lone. ----- sigmewe w -inawfim or mr-m- -Iii.-the- wim-----
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. . . . . . . . . 15 Depletion (attach schedule) 16 Trade or business deductions as provided in section 822(c)(8) (attach schedule) . 17 Interest paid or accrued 18 Other capital losses (Schedule A-3) . . . . . . . . . . . . . .
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13 Real estate expenses . . . . . . . . . . 14 Depreciation (line 3, Schedule F-see instructions) .
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Invested Assets Book Values (Schedule neecl not be filled in if no deduction is claimed for any general expenses that are allocated to investment income.) ....t,".nl,g rdl Yes 1 Real estate . 2 Mortgage loans
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(Col... I Total I 1---
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4 Gro royalties (attach schedule) . . . . . . . . . . . 5 Gross income from trade or business,other than Insurance business 6 Leases, ati. . . . 7 Total (add lines I through 6) . . . . . . . . . . . . . . Gain from separate Schedule D (Form 1120) and/or Form 4797 . 8 Gross investment ricome (add lines 7 and 8) . . . . . . I 11 Investment expenses (attach schedule) 12 Taxe
'7 07 //////, I Did you file all required Forms 1087t 1096, and 1099? .
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10 Interest wholly exempt from tax (line 1(a), column 3) .
I Are you required to prorate your surtax exemption under section 1561 because of an election under section 243(b)? . . . .
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Interest on:
2 Dividends (Schedule E, Part 1) 3 Gro:: rents (attach schedule)
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1 Taxable investment income or (loss) (Schedule A) . . . . . . . 2 Statutory underwriting income or (loss) (Schedule 8) . . . . . . 3 Amounts subtracted from the Protection Against Loss Account (line 9(d). 4 Total (add line 1 through 3) . . . . . . . . . . . . . . 5 Less: Unused loss deduction (attach schedule) . . . . . . . . 6 Mutual insurance company taxable income . . . . . . . . .
L Armortinthm P-Wrn of
1. Interest radhillend 1
(c) Loans notes, mortgages; bank deposits, bonds, deban. tures. 'etc. . . . . . . . . . . . . . . (d) Totals . . . . . . . . . . . . . . . .
C Place incorporated
G W re you a U.S. shareholder of any controlled foreign corporation? (S:e sections 951 and 957 .) . . . . . . . . . . If "Yes," attach Form 3646 for each such corporation.
Paz. 2
jion822 1111111IMT-ITIMM Taxable Investment Income or (Uss;::§Fc_
(a) Wholly exempt obligations (attach Schedule) . (b) U.S. obligations . . . . . . . . . .
I city or tcvm. State. and ZIP code
Form 1120M (1975)
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3 Collateral loans . . . . . . . . . . 4 Pollcy loans, including premium notes . . . 5 Bonds of domestic corporations . . .. . . 6 Stock of domestic corporations . . . . . 7 Government obligations, etc. (attach schedule)
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8 Bank deposits bearing interest . . . . . . . 9 Other interest-bearing assets (attach schedule) . 10 Totals of.lines 1 through 9 . . . . . . . . 11 Total of columns 1 and 2, line 10 . . . . . .
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12 Mean of the invested assets for the taxable year (one-half of me 11) . . 13 One-fourth of 1% of line 12 . . . . . . . . . . . . .
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2. End of t...his year
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14 Income base (line 9, Schedule A, less the sum of lines 12 through 18, Schedule A) . 15 33/4% of line I~ . . . not . less . . than . zero) . . .. .. .. .. .. .. .. .. .. .. .. .. .. 16 Line 14 less line 15 (but 17 One-fourth of Unit 16 . . . . . . . . . . . . . . . . . . . . 18 Limit on deduction for investment expenses (line 13 plus line 17) . . . . . . . Afternative Tax for Certain Small Companies--Section 80
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I Taxable investment income (line 22, Schedule A) 2 Normal tax-the lesser of (a) or (b): (a) 22% of line I . . . . . . . . (b) 44% of (amount by which-line I ex.
5 (a) Amount from line 7, Schedule A . b) Premiums (see instructions) . . Total of (a) Plus (b) (it $150,OW or less, enter zero. If $250,000 or more, enter $250,ODO) . . . . . . . .
ceed s $3,000) . . . . . . . . 3 Surtax: 26% of (line 1 minus th lesser of $50,000 or .amount apportioned 8under sec. . . . . . . . . . tion 1561) 4 Total (add loner of lines 2(s) or (b) to line 3)
(d) . . . . . . . . . . . (a) Excess of line (c ) over (d) . . . 6 Amount on line 4 multiplied by line 5(a) divided by $100,000
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page A For. 1220M (1975) to , 9old or exchanged to meiat~ormsl insurance losses ther pital Losses (See 1rU;tr=,(Ca== and to PrOV108 Tor 4 payna of dividends and similar all .
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I Dividends and similar distributions paid to policyholders 2 Losses paid
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Forn, 1120M 1975)
1 Amount from line 7, Schedule A
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Premiums (see instructions)
Lines 3 through 6 of Schedule A (adjusted to cash method It on accrual method) 8 Not premiums received (adjusted to cash meth o d if o n accrual Method) . . . . . 9 Excess (if any) of line 4 over the sum of.lines 5 through 8 . 2. Dws, ...ul-
1. Descri ption o f capita l eas e
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Deductions (line 26, Schedule B-1) Less: The sum of: (a) Line 19, Schedule A
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Line 2 less line 4 .
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01 allowable)
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. . Protection against loss deduction (Schedule B-3) . De osq UCtM 7 Ins line 8) . Statutory underwriting income Sir~f
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Premiums earned-Section 832(b)(4)
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Interest .
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(a) Premium percentage which exceeds 40% M Una 7. Schedule B. multiplied by (a) . . . . . 5 Total (add lines 2 through 4)
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I Balance at beginning of year . . 2 Additions (Schedule B--3) .
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(a) 11 of 10 &as rrei
Loss Amat
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......... I------------------5
Section 824(d)(1)(B)
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Section 824(d)(1)(C)
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8 Section 824(d)(1)(E) 9 10
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M 25% of nd.r. writing gain
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Total (a nn of .1. I, (a), (b), and (0)
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(For. 1120)) Gain from sets or other disposition of capital austs-ection 932(b)(1)(0) (separate Schedule D . . . . . . . . . . . . . Ordinary gain from form 4797 (attach Form 4797)
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4 Other Income-Section 832(b)(1)(C) (attach schedule) . . . . . . . . . . . . . . G=nco se i m:ub ( add icritr.: 1ccou th rn -Secll.nS23(b)(2)(B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Salaries and wages-4fiction a32(c)(1) . . . . . . . . . . . . . . . . . . . . 8 Rents-Section 832(c)(1) 9 Interest-Section 832(c)(2) . . . . . . . . . . . . . . . . . . . . . . . . 10 Taxes-Section 832(c)(3) (attach schedule) . . . . . . . . . . . . . . . . . . . 11 Losses Incurred on insurance contracts-Section 832(c)(4) . . . . . . . . . . . . . . 22 Capital losses-Section 832(c)(5) (separate Schedule D (Form 1120)) 13 Other capital losseni-Section 832(c)(5) (Schedule A-3) . . . . . . . . . . . . . . . 14 Worthless agency balances and bills receivable-Section 1132(c)(6) . . . . . . . . . . . . 25 Interest (excluded under section 103)-Section 832(c)(7) . . . . . . . . . . . . . . . 16 Depreciation-Section 1132(c)(8) (line 6, Schedule F) . . . . . . . . . . . . . . . . 17 Depletion-Section 832(c)(8) (attach schedule) 18 Contributions-Section 832(c)(9) (not sees S% of line 24 adjusted Per lostrudions-attach schadule) . . . . 19 DMdends paid or declared to policyholders-Sectlon 832(c)(11) . . . . . . . . . . . . 20 Increase In subscriber accounts-Section 823(b)(2)(A) 21 (a) Pension, profit-sharing, etc. plans-Section 832(c)(10) (me instnictions) (enter number of plans a- ----------- - (b) Employee benefit programs-Section 832(c)(10) (see Instructions) . . . . . . . . . . 22 Other cleductions-Section 832(c)(10) (attach schedule) . . . . . . . . . . . . . . . 23 Total deductions on lines 7 through 22 . . . . . . . . . . . . . I . . . . . . . 24 Line 6 less line 23 . . . . . . . . . . . . . . . . . . . . 1 (1.2) (line 6, Part 11, Schedule E-As Instructions for 85% limitation) 25 T.., DIvd ved'I =ction reFe' =pI"OMIne __S`"25 tie)n 81. '(e)
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1--income
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4 Total (see instructions for 85% limitation)
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(See instructions) Check box(es) if you made an election this taxable year to uss 0 Class Ufa (ADR) System
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De~redatiOn
1. G..p and guideline l... or deiscripsion of property 1
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2 60.208% of line 2, Part I
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PART
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3 Certain foreign corporations
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2 Certain public utility corporations
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PAR[
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on-bection UZ4(a)
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ion
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3 Total (add lines 1 and 2)
4 Total of lines I through 3 5 Interest received (line 1, col. 3, Sch. A, adjusted to cash method If on accrual method) . 6 Dividends received (Part 1, Schedule E. adjusted to cash method If an accrual method) .
Paz. 4
-MM Sciecial Deduction-Section 823(c) em IM
Depreciation from Form 4113 2 . Depreciation from Form 5006 .
I.4~.Depr. =,.
1. Cost or other bell.
1 2. D.te sequined
and/or C] Guideline Clam Life 1. Method deD'X Wm lesion ungof
for 7. D,gzci,tion a year
6. Life or to
1. Prior '...
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System. See Publication 534.
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V
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--1--- -I - - --- -- -- -- -- -- -- -----1-- - - -- -- ----I - "-I- - - - - - - - - -- -- - -_ - - - - - - - i - - - - - - - - - - - - - - - - - - - - - - - - - - - --F 5
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Depreciation from Form
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275
Aftsimc:.~ OU= ss. lrftml MS.R_w S~w
Internal Revenue Service
Instructions for Form 1120M . U.S. Mutual Insurance Compa ny Income Tax Return
7-
36513
Ahals.
IMsixiii R
N'=*=. i6Z to.
II'M 60 Vim 1200 Ssiso, St_t OVIss. laid, 84201
fuhh" I-, au..tL wft..I.
10-1 R-. S.M. Gist. 2306 L 11-Oft ROM K.- City, 11s. 64170 1,4~1 C,Rm., Sft~ti,
chliforni., NMI]
(References am to the Internal Revenue Codej
General 4fistrulctions A. Who must file Form 2220111Every domestic mutual insurance company.(except a life insurance company subject to tax under section 802 and other than a fire, flood, or marine insurance company subject to tax under section 831) and every foreign corpora. tion carrying on an insurance business within the U.S. .(if with respect to its U.S. business 'it would qualify as a mutual Insurance company subject to tax under section 821) must file Form I I 20M. EiteePtIons-40 Certain mutual In. s?rance companies exempt under sec. tion 501(c)(15). (See Form 990.) (b) A mutual Insurance company subject to tax under section 821, which disposes of its insurance business and reserves or otherwise ceases to be antilled to be taxed under section 82 1, but continues its corporate existence for the purpose of winding up and liquidating its affairs, (See Form 1 120.)
B. Information returns and forms that may be required1. Forms W-2 and W-3.--.Em. Ployeer's wage and tax statement; and transmittal of income and tax state. ments. 2. Form W-2P.-Statement for recipients of annuities, pensions or re. tired pay. 3. Forms 108Z-0111, IMT, MED, MtSC, and 01D.-Nominees' information returns for reporting dividends,,in. terest. medical and health care yments. miscellaneous Income, and original issue discount that were received as a nominee on behalf of another person. 4. Form 1096 and Schedule A (Forin 1096).-Annual summary and transmittal of U.S. information returns; and corporate report of nontaxable dividends. 5. Forms 966 and 1099L.-4nformation returns regarding dissolution or liquidation, and distributions in liquidation*.
Ishonerissal - rf~
500 EM llvfl~ AF,smo, 0.111-1. 93M
6. Forms 1099-DIV, INT, MED, MISC, DID, PATR, and R.-Information returns for reporting certain dividends, interest income, medical and health care payments,. miscellaneous income, original issue discount, patronage dividends, and lump-sum distributions from profit-sharing. and retirement plans. C. Period covered-This return is for calendar year 1975. (Section 843.) If the company ceases to exist, write "FINAL RETURN" at the top of the form. D. Accounting methods-Taxable income must be computed using the method of accounting regularly used In keeping the company's books and rec. ords. In all cases, the method adopted must clearly reflect taxable income. (See section "6.) Unless the law specifically permits, you may not change the method of accounting used to report income In prior years (for Income as a whole or for any material item) without first obtaining consent on Form 3115, Application for Change in Accounting Method. Rounding off to whole-dollar amounts.-The money items may be shown as whole-dollar amou nts by eliminating any amount less than 50 cents and increasing any amount from 50 cents through 99 cents to the next higher dollar. E. Where to fileIf Me
-
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bralaws, dFk% W Atheirl Is MC" W
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ft. kn%~ Yk CRY, ..d .~ 0 R.M.W. WWI. W W~
1.ti-I R- S-i. U.t., HW~O., 1040 IN-111 AN.Y. 11729
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michl,". Ohio,
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4S293
Vois- Disthict d owsisift M.-A.4 P-seh.a. ,
ii=D.-I Reed 111-01ii.T.- 33110 Ist...1 N . S"C. C.. .11601 kisessit. llsilwan! likilihiskielif. Is 12155
Foreign corporations carrying on an insurance business within the U.S. must file their returns with the Internal Revenue Service Center, 11601 Roosevelt Boulevard, Philadelphia, Pa. 19155. The separate Income tax returns of a group of corporations located In several Service Center regions may be filed with the Service Center for the area in which the principal office of the managing corporation that keeps all the books and records is located. F When tofile.--The return must be filed on or before March 15, 1976. You may request an automatic 3. month extension of time to file Form 1120M by filing Form 7004. Form 7005 may be used to request an additional extension but only by cor. porations that have previously obtained an automatic 3-month extension by filfng Form 7004. G. Depositary method -of tax pay. ment-The balance of tax due (line 21) must be paid In full when the return Is filed or in two Installments, 50% on or before March 15, 1976 and 50% on or before June 15, 1976. Insurance companies must deposit all income tax payments, accompanied by Federal Tax Deposit Form 503, with an authorized commercial bank de, Positary or Federal Reserve bank. Please enter the serial number of Form 503 On your remittance. Do not.remit .directly to Internal Revenue Service. Timeliness of deposits will be deter. mined by the date the deposit was recalved by tho'commercial bank deposi. tary or Federal Reserve bank. Forms 503 will tie mailed to insur. ance companies. Companies needing Forms 503 may obtain them from the internal Revenue Service Center where
they will file their return& The applica. tion should include the company's name'. identification number, address, and the taxable year to which the de. posits relate. Estimated tax-A company must make estimated tax payments if it can expect its estimated tax (income tax, less credits less an estimated tax exemption) to be $40 or more. For the calendar year 1976, the estimated tax exemption is 26% of the lesser of (1) the surtax exemption or (2) total tax less credits. Form 1120-W may be used as a worksheet to compute estimated tax. If you overpaid estimated tax you may apply on Form 4466 for a "~.I.k refund" ff the overpayment is (1) at least 10% of your expected income tax liability AND (2) at least $500. This application must be made within 21/2 months after the end of the taxable year and before you file your tax return. . H. Stock owremhip in foreign ' porations-If you owned 5% or more co" in value of the outstanding Stock of a foreign personal.holding company, at. tech the statement required by section 551(d).
A receiver, trustee, or assignee must sign any return he is required to file on behalf of a (;Orporation. K. Attachments-You use attachments if the lines maythe form schedules are not sufficient. on They must contain all required information, must follow the format of the official schedules. and must be attached to the return in the same sequence as the schedules appear on the official form. Enter your name and identifying number on all attachments.
L. Penalties.1. A corporation that fails to file its tax return by.the prescribed dtie date including any extensions of time for filing may be subject to a penalty of 5% a month, up to a maximum of 25%, for each month the return is not filed (the penalty is imposed on the net amount due--section 6651(a)(1)). 2. A corporation that fails to pay the tax when due may be subject to a pen. alty of 1h% a month or fraction of a month, up to a maximum of 25% for each month the tax is not paid (the penalty is imposed on the net amount cluir-section, 6651 (a)(2)).
The above penalties will not be Imposed if the corporation can show that the failure to file or to pay was due to reasonable cause and not to willful If. you controlled a foreign corpora- neglect. tion or were a 10% or more sharehold. These penalties are in addition to the er of a controlled foreign corporation, you may be required to file Forms: interest charge imposed on unpaid tax at a rate pursuant to section 6621. 2952 and 3646. 1. Annual statemenL--A copy of the annual statement for mutual insurance companies adopted by the National As. sociation of Insurance Commissioners for the year 1975, as filed with the In. surance Department of the State or District of Columbii, together with copies of Schedule A (real estate) and Sched. ule D (bonds and stocks) must accompany the return (see section 1.6012,2(c) of the regulations). Similar copler; for the preceding year must also be furnished, If not already filed for such year. If you use miniature statements, they may be filed instead of the larger statements. J. Signature.-The return must be signed by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or any other corporate officer ~(such as tax officer) authorized to sign. 2
3. A corporation that fails"to pay the proper estimated tax when due may be subject to an underpayment penalty for the period of underpayment (section 6655) at a rate pursuant to section 6621. If you underpaid estimated tax and believe a penalty charge should not be assessed, attach Form 2220. M. Foreign bank accounts-if the corporation, at any time during-the tax. able year, had any interest in or signa. ture or other authority over a bank, se curitles, or other financial account in a foreign,country, attach Form 4683. For definitions. see Form 4683.
SI:Ihecific Instructions (Numbered to correspond with the line numbers on the return.) For Page I of Return 5. Unused loss deduction.-The amount of the deduction is the total of`
the unused loss carryovers and carry. backs to the taxable year. Unused loss.-The term . "unused loss" for any taxable year means the amount by which(1) the sum of the statutory underwriting loss and the investment loss. exceeds (2) the sum of(a) the taxable investment income. (b) the statutory 'underwriting in. . .come, and, (c) the amount required by sectio 824(d) to be subtracted from the protection against loss account. The unused loss for any losi year 13 (1) an unused loss carryback tor, each of the 3 taxable years preceding the loss year, and (2) an unused 1033 carryover to each of the 5 taxable years following the loss year. The entire amount of unused loss for any loss year must first be carried to the earliest of the taxable years to which the loss may be carried. The portion of the loss that may be carried to each of the other tax. able years is the excess (if Ifni) of the amount of the loss overthe sum of the offsets (as defined in section 825(f)) for each of the prior taxable years to which the loss may be carried. , Limitations.-An unu sed loss may not be carried(1) to or from any taxable-year for. which the insurance company is not sub. ject to the tax imposed by section PIP), or (2) to any taxable year if, between the loss.year 'and such taxable year. there is an intervening taxable yea.r for which the insurance company was not subject to the tax imposed by section 821 (a). ' See section 844 for special canyover loss rules regarding an insurance company that has changed its form of orga. nization or has changed the nature of its Insurance business. 8. Surtax.-For election and attach. ment required of a reciprocal to be subject to the limitation in section 826(b), see section 826(a) and the regulations thereunder. Amount to be included by reciprocal-If the mutual insurance company taxable Income before giving effect to the election under section 826(s) Is net less than $50,000, then make no entry. If the taxable Income before giving effect.to the election Is not more than $50.000, then: (1) - Where taxable incon~e after the election is $50,000 or,less, the excess of such taxable income over taxable in-
corne before giving effect to the election must be entered as the amount required on line 3.
employment. For special rules and limi. tations, see Form 4874 and sections 50A and 50B.
(2) Where taxable income after the election is over $50,000, the excess Of $50.000 over taxable income before the election must be entered as the amount required on fine 8.. Where the amount subtracted from the protection against lois account was added because of the election under section 826(a), then to the extent the amount increases mutual insurance company taxable income for the taxable year. the-amount is not entitled to.the $50.000 surtax exemption. See section 1.826-2(b) of the regulations. I Where the surtax qxemption Is prorated under section 1561 because of an electlop under section 243(b),Ahe prorated amount must be used in place of the $50,000 referred to in the precedAng paragraphs and line 8. page 1.
The WIN credit has been extended to include wages paid, certain welfare cipients hired after March 29, 1975 re'r services performed before July 1, 1.976.
10. Alternative tax for certain small compardes-See instructions for Schedule A-2. 12(b). Investment credit.-The investment credit has increased from 7 percent to 10 percent for property acquired and placed in service after January 21, 1975 and before 1977, aind for property constructed by the taxpayer (and placed in service during the year) to the extent of construction accomplished after January 21, 1975 and before 1977. Corporations may elect an 11 percent credit for such property if one percent of the qualified investment 1. contributed to an employee stock ownership plan. Complete Form 5500 for each employee stock ownership plan and file it on or before the 15th day of the Sth month following the close of your taxable year. The limit on the amount of used property eligible for the investment credit has increased from $50,000 to $100.000 for taxable years beginning after.1974 and before January 1. 1977. The investment credit has been extended to include progress payments made during the construction of prop. erty that*requires at least tvyo years to construct and that has an expected useful life of at least seven years. This provision is effective for progress payments made after January 21. 1975. 12(c). Credit for wages paid or in. curred in Work Incentive (WIN) Program.-Employers may claim a credit of 20% of the salaries and wages paid or incurred for employees hired under a WIN program. The credit is allowed for the salaries and wages paid or incurred for the first 12 months of
IS. Forelpi corporations-A t foreign corporation carrying on an lnsuiance business within the U.S. is taxable in the same manner as a domestic insurance company with respect to its income effectively connected with the conduct of a trade or business within the U.&~See section.842. Any other U.S. source income re.calved by a foreign corporation not effectively connected with the conduct of a trade or business within the U.S. is taxed at a 30% (or.lower treaty) rate. See section 881. If you have any such income, attach a schedule showing the nature of income, amount of I rate of tax (30% or lower trea;croam tee)., and amount of tax. Enter the amount of tax imposed by section 881 on line 15, page 1. 16. Tax from recomputing a prior year investment credit-If property is disposed of prior to the life-years category used in computing the investment credit, the Investment credit must be recomputed using as the useful life the period the-property was actually held. (For recomputations of the investment credit for qValified progress expenditures, sea section 47(a)(3).) If the credit taken, including carrybacks and carryovers, exceeds the recomputed credit the tax in the' year of disposition must iie increased by the excess. Form 4255 may be used to compute the tax. The tax from recomputing a prior year investment credit may not be off set against the current year's investment credit. 17. Tax from recomputing a prior year WIN credii.-If a WIN employee is dismissed before the end of the first 12 months of employment or during the following 12 calendar months, you must repay (with certain exceptions) any tax credit previously taken on the salaries and wages paid or incurred for that employee. (See Form 4874.) The tax from recomputing a prior year work incentive credit may not be offset against the current year's work incentive credit. 18. Minimum tax an tax preference items.-Companies having tax preference items in excess of $30,000 must attach Form 4626, Computation of Minimum Tax. Items of tax preference are:
(1), accelerated cleWeclation on real property, (2) amortization of certified' poll&tion control facilitim, (3) amortization of railroad"rolfirti stock. (4) amortization of on-the-job train. ing facilities, (5) amortization of child care facilities, '(6) reserves for lasses on bad debts of financial institutions, (7) excess percentage depletion, and (8) capital gains. 20(g). Credit by reciprocal for tax paid by attorney-in-fact--See section 826(e) and the regulations thereunder. 20(h). Other tax credits.-Qection 39 provides a credit for Federal excise tax on: (1) gasoline used (a) on a farm lor farming use, (b) In vehicles and machines used off the highway, such as In boats and, genprally, In.commertial aircraft, and (c) in vehicles furnishing 'certain public transportation by land; (2) lubricating oil used for any purpose other than in a highway motor vehicle; and (3) special fuels used.(a) one farm for farming use, (b) in vehicles furnishing certain public transportation. by land, and (c) generally in commercial aviation or under other conditions not subject to tax. Also Include on line 20(h) any of the tax included on fine 15, page 1, which was withheld at the U.S. source. SCHEDULE A.-Taxable Investment Income or (Loss) 1. Interest.-Enter interest received or accrued from all sources during the taxable year. The gross amount of interest reported as gross income must be decreased by the amortization of'premiums attributable to the taxable year on bonds, notes, debentures or other evidences of indebtedness, determined (1) in accordance with the method regularly employed, it reasonable, or (2) in accordance with regulations. (Attach a statement showing method and computation.) 3. Gross re;t3.-Enter the , gross amount received for the rent of prop. erty. Deduct expenses such as repairs, interest, taxes, and depreciation in the proper lines for deductions. 4, Gross royalties.-Enter the gross amount of royalties. If a deduction is claimed for depletion, report it on line 15.
3
5. Gross Inca= from trade or buslopilis other than Insurance businessEnter Ithe gross Income from any trade an insurance or bu siness (other thinthe mutual Inbusiness) carried on by surancet company; or-by a partnership Insurance company of which the mutual is a member. 6. Leases, etc-Enter the gross amount of income received from the entering into (or the alteration or termina. tion) of any lease, mortgage or other instrument or agreement from which the mutual insurance company derives interest, dividends. rents, or royalties. 8. Not gain from sale or exchange of capital assets.-Report sales or ex. changes of capital assets In separate Schedu:e -D (Form 1120) (but see Schodu a A-3. page 3). Every'sale or exchanpofa capital asset, even though no gain or loss results, must be reportad in detail. Losses from sales or exchanges of capital assets (except losses from capital assets sold or exchanged to obtain funds to *moet abnormal Insurance losses and to provide for the payment of dividends and similar distributions to policyholders) are allowed to the extent of pins from such sales or exchanges with respect to companies taxable under section 821. The net capital less for such companies is the amount by which losses for the year from sales or exchanges of capital assets exceed the sum of the gains from sales or exchanges and the lesser of (1) the taxable Investment income (computed without regard to pins or losses from sales or exchanges of capital assets) or (2) losses from the sale or "change of capital assets sold losses or exchanged to obtain funds to meet abnormal insurance and to provide for the payment of dividends and similar distributions to policyholders. However, the amount ofe net capital loss sustained In a taxable year may be carried back 3 years and forward 5 years as a short-term cipital loss. The amount allowable as a capital loss carryback is subject to the limitations of section 1212(a)(1). For further information relating to gains and losses from sales or ex. changes of property, see instructions for separate Schedule D (Form 1120) and Form 4797, Supplemental Schedule of Gains and Losses. Deductions 10. Interest wholly exempt from tax.-Enter the amount of interest 4
which is wholly exempt from taxation under section 103. 11. investment expenses-Enter expenses which are properly chargeable as investment expenses. If you allocate general expenses to investment expensers, the total deduction cannot exceed the limitation on line 18. Schedule A-1. Attach a schedule showing the nature and amount of the items and groupthe minoritems intooneamount. See section 822(c)(2). 12. Taxes.-Enter taxes paid or accrued exclusively upon real estate owned by the company as provided in section 164. For limitation on deduction, see instruction 19(a). 13. Real estate expenus.-Enter all ordinary and necessary building expenses, paid or accrued, such as fire In. surance, heat, light; labor, etc.; and the cost of Incidental repairs which neither materially add !o the value of the prop. erty nor appreciably prolong its life, but keep it in an ordinary efficient operating condition. Do not include any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or any amount expended on foreclosed property before such property is held for rental purposes. For limitation on this deduction, see instruction 19(a). 14. Depreciation-The amount deductible for depreciation is an amount reasonably measuring a portion of the investment in depreciable property wear which, by reason of exhaustion, . and tear, or obsolescence, is properly chargeable against the operations of the year. In any event, the deduction is limited to the depreciation on the property that is used, and to the extent used, for the purpose of producing the income specified in section 822(b). For limitation on this deduction, sea instruction 19(a). For a more detailed explanation of depreciation, see instructions for Schedule F. 15. Depletion-See scction 613 and 613A for percentage depletioln rates applicable to natural deposits. Attach Form T if a deduction is claimed for depletion of timber. 16. Trade or business deductionsEnter total deductions attributable to any trade or business (other than an insurance business), the income from which is included in the mutual insurance company's gross investment income by reason of section. 822(b)(2). Do not include losses (a) from sales or exchanges of capital assets. (b) from sales or exchanges of property used in
the trade oir business, or (c) from the compulsory or involuntary conversion of property used in the trade or business. 17. Interest paid or accrued-Enter the amount of interest paid or accrued during the taxable year on the company's indebtedness; except on Indebtedness incurred or continued to purchase or carry obligations on which the interest Is wholly exempt from taxation. (Section 265.) I& Other capital losam-Enter losses from capital assets sold orlexchanged to provide funds to meet abnormal insurance losses and to provide for the payment of dividends and similar distributions to policyholders. Capital assets are considered as sold or exchanged to provide for such funds or payments to the extent that the gross receipts from their sale or exchange are not greater than the excess, if any, for the taxable year of the sum of: (a) dividends and similar distributions paid to policyholders, (b) losses paid, and (c) expenses paid, over: (1) amount on line 7, and (2) net premiums received. (See Schedule A-3.) 11. Total deductions: (a) Limitation on deductions relating to real estate owned and occupied.The deductions included on lines 12, 13, and 14 for real estate owned and oc. cupied in whole or in part by the company are limited to an amount which bears the same ratio to those deductions (computed without regard to sec. . ti on 822(d)(1)) as the rental value of the space not so occupied bears to the rental value of the entire property. (Attach a schedule.) (b) Items not deductible-No deduction *is allowable for any amount allocable to a class of exempt income other than exempt interest iricome. Items directly attributable to wholly exempt income must be allocated to such income, and items directly attributable to any class of taxable income must be allocated to taxable income. If an item is indirectly attributable both to taxable income and exempt In. come, a reasonable proportion of the item, determined in the light of all the facts and circumstances in each case. must be allocated to each. Attach a statement showing (1) the amount of each class of exempt income. and (2) the amount of expense items allocated to each such class. Show the amount allocated by apportionment separately. 21. Dividends-received deductionSee instructions for Schedule E, Part 11.
Ul
. The 85 % limitation on the dividendsreceived deduction does not apply for any year in* which there Is a loss from taxable investment income. SCHEDULE A-2-Mernative Tax for Certain Small Companies Section 821(c) provides an alternative tax for companies if the gross am unt reported on line 7, Schedule A plus premiums, is over $150,000 bu; not over $500.000. The term "premiums" means the total amount of the premiums and other consideration provided in the insurance contract Without any deduction fok commissions, return premiums reinsur. once, dividends to policyho6ris, dividends left on deposit with the company discounts on premiums paid in advance: interest applied In reduction ui of premiums (whether or riot req red to be credited in reduction of premiums under the terms of the contract). or: any other Item of a similar nature. . Such term includes advance premiums, premiums deferred and uncollected, and premiums due and unpaid deposits, fees, assessments and con.' sideration in respect of ass~uWiing liabilities under contracts not issued by the taxpayer (such as a payment ortransfer of property in an assumption reinsuronce transaction), but does not include amounts received from other insuran'ce companies for losses paid under reinsurance contracts. (See section 1.8214(a)(1)(ii) of the regulations.) Any 'mutual insurance company that is subject to the tax Iin posed by section 821(c) may elect to be subject to the tax imposed by section 8210). See section 821(d) and the regulations thereunder for election to include statutory underwriting income or loss..' The alternative tax is not available to a company that has a balance in its protection against loss account at the beginning of the taxable year, or to a com pany that has an election In effect under section 821(d) to be taxed under section 821(a).
SCHEDULE A-3--0ther .Capital Losses . Total gross receipts from sales of capital assets, line 10, column 3, should not exceed the amount shown on line 9. If necessary, gross receipts from a particular sale of a capital asset should be apportioned in the above schedule and the excess reported 1 In separate Schedule D (Form 120). Except for the apportionment, sales reported in this schedule should not be reported In separate Schedule D.
Enter total other.capital losses (line 10, column 7) as line 18. Schedule A and line 13, Schedule B-1. SCHEDULE 111-4-Income and Deductions 1. Investment kicome-To all interest, dividends, and rents received during the taxable year, add interest, dividends. and rents due and accrued at the end of the taxable year and deduct all Interest, dividends, and rents due and accrued.at the end of the preceding taxable year. 2. Premiums earnod.~From the amount of gross premiums written on
insurance contracts during the taxable year, deduct return premiums and pre! miums paid for reinsurance. To the result so obtained, add unearned premlums on outstanding business at too end of the preceding taxable year and deduct unearned. premiums on outstandIng business_at the end of the taxable year. 3(a). Gain from sale or other dispo. sition of capital assets.-Enter the amount of gain (only) from the sale or other disposition of capital assets from Schedule D (Form 1120). 3(b). Ordinary gain-For reporting sales or exchanges of property (other than capital assets) including involuntary conversions, see Form 4797, Sup. plemental Schedule of Gains and Losses. 5. Decrease in subscriber ac' coimts-~-Enter the amount of the de~ crease for'the taxable year in savings credited to subscriber accounts an interinsurer or reciprocal underwriter. of See instruction 20 for Schedule B-I. for savings credited to subscriber accounts.
Deductions 7. Salaries and wages.-Enter the amount of salaries and wages paid or accrued during the taxable year. S. Rents.-Enter the amount of rent paid or accrued for business property in, which the company has no equity.. . 7 . 9. Interest.-Do not include interest on indebtedness incurred or continued to purchase or carry obligations on which the interest is wholly exempt from income tax. (Section 265.) See section 267 for the limitation on deductions for unpaid expenses and interest in the case of transactions be. tween related taxpayers. 10. Taxe3.-Enter taxes paid or a& crued cluringthe taxable year and attach a schedule showing the type and amount of tax. Do not include Federal income tax, foreign or U.S. possession income
taxes if a fordign tax credit Is claimed, or taxes not imoosed upon the corpo. ration. I See section .164(d) for apportionment of taxes on real property between seller and purchaser. .11. Losses. incurred on Insurance .contracts.-To losses. paid during the .taxable year, add salvage and reirtsuronce recoverable outstanding at the end of the preceding taxable year and deduct salvage and reinsurance recover-. able outstanding at the end of the taxable year. T0 thi3 resuIt a- a,. unpa. losses outstanding at the end of the tax' able year and deduct unpaid losses out-
standing at the end of the preceding taxable year. 12. Capital losses.-Enter only cap. ital losses to the extent of capital gains from separate Schedule D (Form 1120). Capital gains should be entered on. line 3. (Also. see instruction 8 for Schedule A.) 23. Other capital losies-Enter the amount of losses from capital assets sold or exchanged to provide funds to meet abnormal insurance losses and to provide for the payment of dividends -and similar distributions to policyholders. (Also, site instruction ' IS for Schedule A.) 14. Worthless agency balances. and bills receivable-Enter the amount of debts in the nature of agency balances and bills receivable that became worth. less cluringthe taxable year. 15. Interest.-Enter the amount of interest earned during the taxable year that Is excluded from gross income under section 103. 16. Depreclatlon.~See instructions for Schedule F. 17. Depletion-See instruction 15 for Schedule A. 18. Contributions-Enter contributions or gifts paid within the taxable year to or for the use of charitable and gov. emmental organizations described in section 170(c) and any unused con. tributions carried over from prior years. Corporations on the accrual basis may elect to deduct contributions paid on or before the 1.5th day of the 3d month after the end of the taxable year if the contributions are authorized by the board of directors during the taxable year. A declaration, signed by an officer, stating that the resolution authorizing the contributions was adopted by the
board' of directors during the~ taxable year, and a copy of the fesolutiori, must both be attached to the return, The total. amount claimed. may not 5% 'of-line 24. Schedule 0-2 computed without regard to any deduc-' tion for contributions. Charitable contributions in.excess of . the 5% limitation may not be deducted for the taxable year butimay . be. carried over to the next, 5 taxable years.: Attach a schedule showing the name of. each organization and the amount paid. Jf a, contributionis made in property other than money, describe the kind of property contributed and the method used in determining its fair market value. If a contribution carryover. is Included, show the amount and howitwo a 'determined. : Special rule for contributions of cer. tain property-11"you make a chartta. ble contribution of property, the contribution must be reduced by the sum of (1) the ordinary income and (2) forcertaincontribution3,62%% of the long-term capital gain, that would have resulted if the property were sold at its fair market value. The reduction for 62V2% of the longterm capital gain applies to (1) contributions of tangible personal property for use by aq exempt organization for a purpose or function unrelated to the basis for its exemption, and (2) contributions of any property to or for the use of certain private foundations. (Section 170(e).) Bargain sale to a charitable organizetion.-If you take a charitable contribu. tion deduction for property sold to a charitable organization, the adjusted basis for determining gain from the sale is an amount which is in the same ratio to the adjusted basis as the amount realized is to the fair market value of the property. 19. Dividends paid or declared to policyholders.-Enter the amount of dividends and. similar distributions paid or declared to policyholders.. 20. Increase 1 in subscriber accounts.-In the case of a utual insurance company which is anin interinsurer or reciprocal underwriter, a deduction is allowed for the increase in savings credited to subscriber accounts for the tax. able year. The term "SaViRgS credited to subscriber accounts" means such portion of the surplus credited to the individual accounts of subscribers on or before March 15, 1976. This applies only
If the company, would be obligated. to pay such amount promptly to a subscriber if he terminated his cont ract at the close of the company's taxable year and only If the subscriber has been notified as required by section 1.821-6 (c)(2)(v) of the regulations. For purposes of determining his taxable in-. come, the subscriber must treat any such savings credited to his account as a dividend paid or declared. 21(a). Pension, profit-sharing, etc. plans.---Complete Form 5500 for plan and file as a separate return.your Attach a completed Form 5$04 to the Form 5500. If you have more than one plan, complete a Form 5500 and a Form 5504 for each.plan and attach to Form :5501. File these forms on or before the I 5th day of the 5th month following the close of your taxable year. 21(b). Emp*ee benefit programs.-Enter the amount of your contributions to employee benefit programs (e.g. insurance, health, and welfare , programs) that are. not an Incidental part of a pension, profit-sharing, etc. plan Included on line 21(a). 25. Divildends-recolved deduction See Instructions for Schedule E, Pe~11. The 85% limitation on the dividendsreceived deduction does not apply to any year inwhich there is a loss from statutory underwriting income. SCHEDULE B-2-Special Deduction In the case of a taxpayer subject to the tax Imposed by section 821 (a), section 823(c) provides that if the gross amount received during the taxable year from the items described in section 822(b) (other than paragraph (1) (D)) and premiums (including deposits and assessments) is liss than $1,100,000, the n there is allowed an additional deduction for the purposes of determining statutory underwriting income or loss under section 823(a) for the taxable year. For definition of "premiums" see in. structions for Schedule A-2. SCHEDULE E.-Dividends Part 1--Dividend Income 1. Certain domestic corporations.Enter dividends received from domestic corporations subject to income tax and which are subject to the 85% deduction under section 243(a)(1). So-called dividends or earnings from mutual savings banks, etc., are really interest and should not be treated as dividends. For dividends received from a reg6fated investment company, see section
854. for. the amount subject to the 85% deduction. 21 Certain public utility corpora. tions.-Enter dividends received on the preferred stock of a public utility that is subject to income tax and is allowed the deduction provided in section 247 for dividends paid. 3 Certain foreign corporaitions.EZ*r dividends received from foreign* corporations and which- qualify for the 85% deduction provided In section, 245(a). Enter dividends received from wholly-owned foreign subsidiaries and which are oligi.ble for the *100%, do-. ductloh provided In section 245(b). In genera1, this deduction applies to dividends paid out of the earnings and profits of a foreign corporation for a taxable year during which (1) all of Its outstanding stock Is owned (directlyor !ndirectly) by the domestic corporation receiving the,dividends and (2) all'of Its gross Income from.all sources is effectively connected with the conduct of a trade or business within the U:S. It dividends - received from wholly. owned foreign subsidiaries are Included in line 3, attach a schedule showing the amount of these dividends. 4. Certain affiliated groups.-Enter only those dividends which are subject to the elective provisions of section 243(b). . s. Other corpor3tiOnL-Attach a schedule showing separately: (a) Foreign dividends (including minimum distributions under subpart F) not reportable on line 3. Exclude distributions of amounts constructively taxed in the current year.or in prior (b) Income constructively received * from controlled foreign corporations under subpart F. This amount should equal the total of amounts reported In Schedule A, line 5 of Form(s) 3646. (c) Gross-up dividends for taxes deemed paid under sections 902 and 960. (d) Dividends (other than capital gain dividends) received from regulated investment companies and which are not subject to the 85% deduction; dividends from tax-exempt organizations; dividends (other than capital gain divi. dends) received from a real estate investment trust which, for the taxable year of the trust In which the dividends are paid, qualifies under sections 856858; dividends not eligible for a dividends-received deduction because of the holding period of the stock or an obligation to make corresponding pay-
ments with respect to similar stock; and any other taxable dividend Income not properly reported above.
part M-Dividends-11CAhl0d deduclilon. 3. DMdehd3 received from certain foreign corporations.~Enter 85% of -dividends received from certain foreign corporations. Enter on this line 100% of the company's share of dividends received from wholly-owned foreign subsidiaries and which are eligibleforthe 100% deduction provided in section 245(b). See section 245 for qualifications and limitations an the amount of these deductions. 4. Total-This total Is su get the 85% limitation provided by section 246(b) as follows: (a) Schedule A-The line 4 total may not exceed 85% of alne 20. Schedule A. less line I, Schedule E, Part 11). . (b) Schedule B-1-The line 4 total may not exceed 85% of Oine 24, Schedule B-1, less line 5, Schedule E, Part 11). 5. Dividends received from certain members of affiliated groups.-Mem-' bars of affiliated groups mayelect under section 243(b) to deduct 100% of the qualifying dividends received from other members of the same group. Qualifying corporations which elect to take the 100% deduction are limited to one $50,000 surtax exemption which must be appoqioned under section 1562 among the members of the controlled group. See section 243(b) for qualifications and restrictions applicable to this deduction.
SCHEDULE F.-Depreciation Complete Schedule F if you claim a deduction for depreciation of property, leasehold improvements, patents, or copyrights. Form 4562, Depreciation,
'may be used as a supplement to Schedule F. Class Life (ADR) System and Guide. line Class Life Systent-If depreciation is computed by using the Class Life .(ADR) System or the Guideline Class Life System, you must file Form 4932 (Class Life (ADR) -System) or Form 5006 (Guideline Class Life System) with your return. For more Information, see instmctions for Form 4832. Form 5006, and Publication 534. Salvage value-m-Salvage value must be taken Into account in determining the depreciation .deduction except under the declining balance method, Class Life (ADR) System, or Guideline Class Ufa System. For personal property (other than livestock) with a useful life of 3 years or more, salvage value may be reduced '096 of by an amount not In excess of the cost or other basis of the property. Property I cannot be depreciated below a reasonable salvage value after you make the above salvage value reduction. I (a) Tangible property other than real property.-Tangible personal property, whether new'or used, may be depreci. ated under the straight line method or the 15096 declining balance method. . Now tangible personal property with a useful life of 3 years or more may also be depreciated under (1) the double declining balance method, (2) the sum of the yeqrs-digits method, or (3) any other method that does not result In accumulated allowances at the and of any year (during the first twoAhlrds useful life of the property) greater than the total that could' have been de. ducted if the double declining balance method had been used. (b) Now section 1250 The double declining balance propertyand sum of the years-digits methods may be used only for now residential rental property from which at least 8096 of the gross rental income is derived from rental of residential units. Other new real property may be depreciated under the straight line or 150% declining balance methods.
* "~ - ~: 1-16
(c) Used saction 1250 propeftUsed residential,rental property with a useful fifer,of 20 years or more may be depreciated under the 125 % declining balance Method. Otherused real property may be depreciated Linder the . straight line method. (d) Rehabilitation expenditures for low-income rental housing.-You may elect to compute the depreciation deduction u6cler section 167(k) for rehabilitation expenditures incurred for lowIncome rental housing under the straight line method using a useful life of 60 months and no salvage value in lieu of any other method of computing depreciation. For details, see section 167(k). (a) Section 179--Additional firstyear depreciation allowance-' For the first year a depreciation deduction is allowable corporations may elect to write off 20i of the cost (before adjustment for salvage value) of hew or used tangible personal property with a useful life of 6 years or more, up to an aggregate cost of $10,000. If the additional first-year allowance Is elected, the basis of the property must be reduced by the amount of the deduction before computing the ordinary clepreclatl6n.
SCHEDULE G.-Compensation of Officers Complete Schedule G for your 6 highest paid officers. To determine the highest paid officers. add all allowances, including expense account allowances, to each officer's compensation. Expense account allowance means (1) amounts, other than compensation, received as advances or reimbursements, and (2) amounts paid by or for the corporation, for expenses incurred by or on behalf of an officer. Column 6 does not have to be completed for any officer for whom the combined amount is less then $30.000.
7
Femn 1120S (1975)
U.S. Small Business Corporation Income Tax Return for calendar year 1975 ar
F-1120S assomesset .1 Mas_,. lots-] antru. Trnauuy
In., taxable Year beginning
1975. ending -------------------_---E' 7W;i _8R PRINT)
075
19.._._
A ode of siscitini a sesell bassains, eatnattles, Number and street
0 Daft hassentud
City or town. State, and ZFP cTdo
L Enter to%$ 14. whes. "Ift D. SCItheist. ban it"L
IMPORTANT-All applicable lines and schedules must be filled in. If the lines on the schedules are not sufficie nt see Instruction N. 1 Gross receipts or gross sales
.................... Lou: Returns and allowances ......................... I - ---- ------------------Cost of goods sold (Schedule A) and/or operations (attach schedule) . . . . . . - 2 3 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . _~L. ....... ............ 4 (a) dividends . . . . . . . . . . . . . . . . . . . . . . 4(s) (b) Foreign dividends . . . . . . . . . . . . . . . . . . . . . . . ................... ....... 2
LAI X 0 0 z
Len:
5 Interest on obligations of the II.S. and U.S. instrumentalities . 6 Other interest . . . . . . . . . . . . . . . 7 Gmss rents
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10 , Other income ~see instmctions-attach schedule) . I TOTAL income--Add lines 3 through 10 . .
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17 Taxes z
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Gains and losses (attach separate Schedule D (Form 1120S) and/or Form 4797): (a) Net short-tem capital gain reduced by any net long-term capital loss . . . . . . . (b) Net long-te" capital gain reduced by any net short-term capital loss (if more than $25000, see instructions) . . . . . . . . . . . . . . . . . . . . (c)
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Minimum tax (see instructions-attach Form 4626) 31 Total tax (add lines 29 and 30) . . . . . . .
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26 Other deductions (attach schedule) .
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(b) Tax deposited with Form 7005 (attach copy) (c) Credit for U.S. tax on special fuels. .nonhighway gas, and . lubricating Oil (,Etach Form 4136) . . . . .
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b, Case plans
as instants, h" any ke, tied,&
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1970- ------------------------------------- ------------------------------- -----_------------....................... 1971 . ..................................... .............. ....... ........... ........... . ........................ 1972 . ..................................... ............ ............ .............. 1973 . ..... ............................... .............................. .................... 74 ------------- ...... 1 75. ------------------------------------- 1
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Depreciation (See instruction ~1). Note: If depreciation is computed by using the Clan Life (ADR) System or the Guideline Clan Life System, you must file formt 4832 (Clan Life (ADR) System) or Form 5006 (Guideline Claw Ute System) with your return. Check bo~(es) if you made an election this taxable year to use C] Clan Life (AOR) System and/or C] Guideline Claw Life System. See Publication 534. 1.toGnan, and juld.11n. Clan .1
2~q
Dt. W,ael
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3jJ11
as .11 of. 'Cars
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1 Total additional first-year depreciation (do not include in items be 2 Depreciation from Form 4a32 .... . . ------- -3 Depreciation from Form 5006 4 Other depreciation: -----Buildings . . . . . . . . . ..................... ...................... . ........ ......... .... ............. . . ........ Furniture and fixtures, . ........ .............. ...... ................ ........ _ ... .......... Transportation equipment . . . ..................... ....................... ................. ..... ....................... Machinery and other equipment ............... ....................... .............. ........ ................... ... . Other (specify),............................. ..................... ...................... ................... 7 ..... .................. .......-............ ....................... ....
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--------------------------------------------- -------- ........ ....................... ....................... . . . ............ ............ *."" '.................... --------- ............ .................... - "]............ - --------** ------------............ . ..................... ------------* ---------------------* --------.[-* ...... -------------................. ...... 5 Totals . . . . . . . . . . . . . 6 Less: Amount of depreciation claimed in Schedule A . . . . . . . . . . . , Balance-Enter here and on line 21, page 1 . . . . . . . . . . . . . . . . . . . . . . . IIRMTTW~ Tax CompurtsUors (See Instructions) 2 3 4
32(c)
777 "
2. SKIJ Caraflty Purabir
6 Leu: Inventory at end of year . . . . 7 Cost Of goods sold-Enter here and on line 2. page I . . . . . . . . . . . 'a I-. 4. TI.. d.. "' .1 In. nise . 6. Assent 9 3. 7111. seat,- sAX='sa it.
............ I........... ....................... ....................... ............ ............ ...................... ....................... ............ ............ ....................... ....................... ............ ............ ....................... ...................... .............................................. .................................................................... ............ .............................................. ------- .. . . . .- - - - . -. - . -a . . .. . - -a . . .. . _ ...... ................. ........... Tots I co mp ansation of office m-Enter he r and itn H I 2, page I moon= Bad Debts-Resem Method (See Instruction 15) an, ad. 1. _41n 1. yen , 2. nal, nas led notents M. 3. S41a a entud 6. Aunessal, Cianzed 7. Res- far C! Cases anabl, whtanding at OW If M, 4. Curant year's a. Itaressufat s.ins, at red If yes,
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33 TAX DUE (line 31 e. line 32). See Instruction G for depositary method . .of pa . 34 OVERPAYMENT (line 32 less line 31) . . . . . . . . . . -14 1 =ussualties .1 r^ I dathars that I= nanoi,ual this W.., I.d.di.I sonstaluMIC80,~ ad In and surnearts, sed te, % Cast of for laserfalls and ballal it is tres,
-lau. ad,natian .1 preqns, othar Ms. tlap&W) Is land on I Inforsuttin
1. Ifuns 0 in-
a Sold (See 2 Was them anyInstruction substantial tange in the manner of d ining quantit . . 0, valuations between opening and closing inventory? ' costs' 0 yes 0 No. if "Yes." attach explanation. 5 Total of lines I through 4 . . . . . . .......................
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32 Credits: (a) Tax deposited With Form 7004 (attach copy)
tooner'. .
I Inventory at beginning of yea, of sale -------------_------2 Merchandise bought for manufacture ................. , 3 Salaries and 4 Other costs ( = schedulel . . . . . . . . ........................ jj~~~ compensation of Officers (Sets Instruction 12)
C 1111*,, 1,11"tIfic"dW
B flash"" Cods Its. (an 7 W lastratuaral
19Z~ Cost of
Method of inventory valuation (specify) la~ ............................
6 7 8
Taxable income (line 28, page 1) . . . . . . . . . . . . . . Enter $25,000. (Members of a controlled group, see instructions) . . . . Line I less line 2 . . . . . . . . . . . . . . . . . . . Enter line 3,or $25.000, whichever is lesser (Members of a contmlled group. Line 3 less line 4 . . . . . . . . . . . . . . . . . . . Enter 20% of line 2 . . . . . . . . . . . . . . . . . . Enter 22% of line 4 Enter 48% of line 5 . . . . . . . . . . . . . . . . . .
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9 Add lines 6, 7, and 8 . . . . . . . . . . . . . . . . . . . . . . . . 10 Net long-te- capital gain reduced by net short-tem capital loss (fmm line 9(b), page 1) . . 21 Subtract $25,000. (Statutory minimum) . . . . . . . . . . . . . . . . . . 12 Balance (line 10 less line 11). (See instructions) . . . . . . . . . . . . . . . 13 Enter 30% of line 12. (See instructions) . . . . . . . . . . . . . . . . . . 24 Income tax on capital gains (line 9 or line 13, whichever Is lesser). Enter here and on line 29, page
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Page 4
F.- 1120S (1975)
Form 1120S (1975)
Pa.- 3 ation of Undistributed Taxable Income and Summary of Distributions and Other Items
Shamholdees Sham of Undistributed Taxable Income, litc. (Complete a separate Schedule K-1 (Form 1120S) for each shareholder. See page 5 of instructions, and also back of Copy C, Schedule K-1 (Form 1120S)
Computation of Corporation's Undistributed Tamble Income
Balance Sheets
I Taxable income (line 28, page 1) . . . . . . . . . . . . . . 2 Lesw (a) Money distributed as dividends out of earnings and profits of the taxable year .
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5 Actual dividend distributions taxable as long-term capital gains (after tax) . . . . . . . . 6 Actual dividend distributions taxable as ordinary Income and qualifying for dividend exclusion . 7 NoncHvidend distributions . . . . . . . . . . . . . . . . . . . . . . . 8 Undistributed taxable income 9 xable ca"tud income Undistributed taxable income-taxable as asordinary long-term or (loss) .In ,~te; Iax) jO Investment credit property Property Qualified for Investment Credit
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12 hems of tax preference: (a) Accelerated depreciation on: (1) Low-income rental housing . (2) Other real proporly . . . . . . . lease . . . . . . . .. . . . . .. . . . (3) Personal property subject to a. net (b) Amortization of* (1) Certified pollution control facilities .(2) Railroad rolling stock . . . . . . . . . . (3) On4he-job training facilities . . . . . . . . (4) Child care facilities . . . . . . . . . . .
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to) Reserves for losses on bad debts of financial institutions . . (d) Excess percentage de Net long-term capital P,.in 'a on(ralier .tax) . .. . ... .. . .. .. . F Did you at the end of the taxible year own, dulldly of I Yes I No indirectly, 50% or more of the voting stock of a domestic corporation? . . . . . . = (For nites of -atbrbul ' ~iori* *~tlon 267(c).) If the ansnvor Is 'Tes, 'attach a schedule h;;~ng; (a) nams, address, and employer identification number and (b) percentage owned de Foryn 1120S G Taxable income or (loss) from line 28, page 1,.....................
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for your taxable year beginning in: 1972 1973 ...................................... ; 1974 .................................... H Refer to page 7 of Indiructions and state the principal: Business activity .................................................................. Product or service ................................ .. .... . ...... .. .. ........ ..r io I Were you a member of a controlled group ? subject to the previsions of section 1561? 3 Did you claim a deduction for expenses connected (1) Entertainment facility (boat, rated, ranch. ete.
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(a) Less accumulated amortizatica . . 13 Other assets (attach schedule) . . . 24 Total assets . . . . . LIABILITIES AND SHAREHOLDERV * 15 Accounts payable . . . . . . .
16 Militia, notes. bonds payable in Ian than I year . 17 Other current liabilities (attach schedule) . . .
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18 Lam from shareholders . . . . . . . in 19 Migre, notes. bonds payable I year or mom 20 Other liabilities (attach schedule) . . . .
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21 Capital stock . . . . . . . . . . . 22 Paid-in or capital surplus . . . . . . . 23 Retained efurnings-appropuriated (attach schedule) .
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(4) Employee or family vacardars not reported an I= W-2? . . . . . . . . . . . . . K Did you file all required Famas 1087, 1096, and 1099?. L Answer only It (1) this Is the first 11203 nation filed since election to be treated a a small business corporation You' (2) and priorthe bs corporalk. 'he mus 1. -a- far the -his at election and had investment credit pimp. erty: Was an agreement filed under section 1.474(b) of the auditions? . . . . . . . . . . .
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MENEM
FEEF ..................... IN IVAF19WA
'EQUITY ' * * . . . .
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Reconciliation of Income Per Books With Income Per Return . .
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3 Excess of capital [assay over capital gains . . 4 Taxable Income not recorded on banks this year
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(itemize) --------------------------------------------5 Expenses recorded on banks this year not deducted In this return (itemize) ...............................
7 Income recorded on books this year not included is this return Oternize) (a) Tax-exempt intend $ ......................... ----------------------------------------------8 Deductions In this in return not charged against book Income this year Otennize) ........................
9 Total of lines 7 and 8 . . . 6 Total of lines I thmugh 5 . . . . . I . 1 10 Income (fine 28, pap I)--4ine 6 Ion line 9 FTATIM IRFICKW Anafirsis of Unappropriated Retained Earnings Per Books (Une_ 24 above) I Balance at beginning of year
(3) Employees! families at conventions or meetings? .
00=/ --------------------=0
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I Net Intiorms per both 2 Federal Income tax .
-L-- AL (2) Living accommodations (except for employees on business)? . . . . . . . . . . . .
V11171111-IllIZZII.......................ZIIllllll, ...............
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NNEEM
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(a) In& accumulated depreciation . 10 Depletable assen . . . . . . (a) Lou accumulated depletion . 12 Land (not of any amortization) . . 12 Intangible exists (amortizable only)
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(b) 5 or more but less than 7 years (c) 7 or mom years
(f)
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Qualified prog. a _L974 75 1 (d) 7 or more years ress expenditure 19 . (a) 7 or mom years Cost of used ;nt p pert
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4 Actual dividend distributions taxable is ordinary Income (Do net include amounts shown on line 6)
Basis of new Property invesitment
3 Inventories
End of Taxable y,a, (c) Ouoll,ot (0) Total
IN ho ... I
I Cash . . . . . . . . 2 Trade notes and accounts reel (a) Ian allowances for bad debts
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C
fle,inning of T-ble ",r (a) T"
ASSETS
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Corpo (b) fienax =d on c rain capital gains (line 31, page .1) . . . . . . . . . a buted etaxable income . . . . . . . . . . . . . . ra Surnmary of Distributions and Other Items (attach additional sheets If necessary) 3. xro~a olnumeno 1. X.- and dd- of WIN A-hold"
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-------------------------- 1 5 D1, is stri:,udion.s.ou is! 0(f.c)unrent or accumulated earn. cub . . . . . .
2 Not Income per books - - - - - - - ------------------------3 Other Increases (itemize) ---------------------------
(b) Stock .
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(c) Property . . . . . 6 Current years undistributed taxable Income or not operating Ian (total of lines 8 and 9, Schedule 10
7 Other decreams (itemize).,., ------------------------------------------------------------------------------------------------------------4 Total of lines 1, 2, and 3 . . . . .
-------------------- 9 Balance at end of year pine 4 Ian line 8)
075Interrial Revenue Service Instructions for. Form 1120S U.S. Small Business Corporation Income Tax Return
.- h-y, N_ ..d -Mi. W Y~ "" ~.M. soiw" N`-, Wlkhatw N,M Y~ (.11 dim, ::,Wt1=).=r"nh%it , M W
(References are to the Internal Revenue Code.)
General Instructions A. Who must file Form 1120S.Every small business corporation (as defined in section 1371(a)) that has -filed a proper and timely election under section 1372(a) not to be subject to the income tax imposed by chapter 1 (other than by sections 56 and 1378) must file Form 1120S. See Form 2553. B. Consents of shareholders.--Consents of all shareholders must be included on the election form (Form 2553) notifying the Service Center Di~ rector of the election, or included as attachments to the election form. If the election was made before the first day of the taxable year, the consents of the persons, who became shareholders after the date of election and on or before such first day, 'must be filed with the Service Center Director with whom the election was filed as soon as practicable after the first day and no later than the last day prescribed for making the election. Copies of the latter consents must also be attached to Form I I 20S when the return is filed. New shareholders (any person who was not a shareholder on the first day of the first taxable year for which the electio6 is effective, or on the day on which the election is made, whichever is later) must consent to the election. The statement of consent of new share; holders must be filed with the Service Center Director with whom the election was filed within a period of 30 days after they become shareholders or the election is automatically terminated. Copies of the consents must also be attached to the return. C. Termination or revocation.-The election by the corporation is automati. cally terminated: (1) if a new shareholder does not consent to the election as explained in 8 above: (2) if it ceases to be a small. business corporation as defined in section 1371(a); (3) if it derives more than 80% of its gross receipts from sources outside the U.S.; or (4) If it has gross receipts more than 20% of which is passive investment in. come (defined in section 1372(e)(5) MD.' except during the first 2 taxable
years of active conduct of.any trade or business if. passive investment Income is less than $3,000. This termination is effective for the taxable year in which any one of the foregoing occurs and for all succeeding taxable years of the car. Poration (section 1372(e)). The election may be revoked to. taxable year after the first taxable year for which the election is effective. An election to revoke may be made only if all persons who are shareholders on the day on which the revocation is made consent to the revocation. The revoca. tion is effective (1) for the taxable year in which made, if made before the close of the first month of the ble year, 'or (2) for the taxable year taxa following the taxable year in which made, if made after the close of.the,first month; and for all succeeding taxable years. The revocation Is to be made in the manner Prescribed by section 1.1372-4 of the regulations. . If the small business corporation has made an election under section 1372(a) and the election has been terminated or revoked, the corporation is not eligible to make the election again tinder section 1372(a) for 5 years unless the Commissioner consents.
D. Period to be ccvered by 1975 re. turn-File the 1975 return for calendar year 1975 and fiscal years beginning in I 975 and ending in 1976. If the return' is for a fiscal year, fill in the taxable year space on the form. FINAL RETURNS.-If the corporation ceases to exist, write "FINAL RETURN" at the top of the form. E. When to file-in general, Form 1120S must be filed on or before the 15th day of the 3d month after the end of the taxable year. You may request an automatic 3month extension to file Form 1120S by filing Form 7004. - Form 7005 may be used to request an additional extension but only. by corporations that have previously obtained an automatic 3-month extension by filing Form 7004.
. Rounding : alli to wholle-doiller amounts.-The money Items may be shown as whole-dollar amounts by elim. inating any amount less than 50 cents and increasing any amount from 50 cents through 99 cents to , the next higher dollar., J. Information returns that may be requbWForm 1096.--Annual summary and transmittal of U.S. information returns. Forms 1099-DIV, INT, MEG, MISC DID, PATR, and R.-Information re: turns for reporting certain dividends, interest income, medical and health care payments, miscellaneous income,. originaNssue discount, patronage di I dends, and Jumo-sum distributions from, v" profit-sharing and retirement plans. Actual dividend distributions taxable as ordinary Ipcome. actual dividend distributions taxable as long-term-capital gains (after tax)~ nonclividend distribu. tions, and dividends, qualifying for the dividend exclusion must be reported on Form 1099-DIV. Constructive dividends - 6ndistributed taxable income) do not have to be reported on- Form 1099-DIV but must be reported on Schedule K-1 (Form 1120S). Forms 966 and 10 99L.-Informe. tion returns regarding dissolution or liquidation, and distributions In liquidation. K. Stock ownership In foreign carporations-if you owned 5% in value of the outstanding stock a' more ofa foreign personal holding company, at. tach the statement required by section 551(d). If you'.controlled a foreign corporation or were a 10% or more shateholder of a controlled foreign corpora. If.on, you rn y be required to file Forms 2952 and M46. L. Balance sheets-The balance 'Sheets must agree with your books and records. Any differences must be recon. ciled. Copies of balance sheets required by Federal, State, etc., authorities may be used in place.of Schedule L. Certifi. cates of deposit should be included as cash on line'l of the balance sheet. , M. Net operating loss and other do. datuientgiolnoss.s-esThperodveidduecdtiony for:tnietnoper2- '
1040 W_MTy16W,_ , WWII.. N.Y. 11799 310 L_M1 sInMt h1d- KM 02912
IU
_ 05. Cimmmfl, Ohl, L0.1an. 3651 S. Idw 7-
AW Ni
45298 79740
N 1d=-1X= "n8' .02=, Ilso-Wd 1200 S*Mh NO-k-d. Kwth Old.. Uth 84201 D.~, &;~., iO.~. vuh. W"hingto. W-i.g 2306 E. Bgnaistv wi-i, M~ City. W 641LO_ -1 Ent 0.1. AFmft. Wi~i, 93998 I.dis 8. Kal~ky, N~ 3131 D-.t 11F~ camlim. TMnMM-hl., T.... 38110 virgi.i.. Ww 11601 R~lt BW1M_ CM-bi.. M111dWPM1, P1. 191Nd P..A.M.
G. Depositary method of payment of tax.-The balance of tax due (line 33) must be paid in full when the return Is filed or in two installments: 50% by the 15th day of the 3d month and 50% by the 15th day of the 6th month after the end of the taxable year. Corporations must deposit all their income tax payments, accompanied by Federal Tax Deposit Form 503,, with an authorized commercial bank depositary or Federal Reserve bank. Please enter the serial number of Form 503 on your remittance. DO not remit directly to the Internal Revenue Service.
Corporations needing Forms 503 may Obtain them fronn'the Internal Revenue Service Center where they will file their returns. The application should Include the corporation's name, iden. tification number, address, and the tax. able year to which the deposits relate. H. Change In accounting period.To change your accounting period, see section 1.442-1 of the regOlations and Form. 1128, Application for Change in Accounting Period. 1. Accounting methods.-Taxable In. come must be computed using the method of accounting regularly usedand in keeping the corporation's books records. In all cases, the method adopt. ed must clearly reflect taxable income. (See section 446.) Unless the law specifically permits, you may not change the method of ac. counting used to report Income In prior years (for income as a whole or for any material item) without first obtaining consent on Form 3115, Application for Change In Accounting Method.
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an! the special deductions in Part Vill (except section 248) of subchapter electing sBmailrebunsitnesasliocwoerd;ibrtaotioann. (Section 1373(d).) N. Attachments.-You may . use attachments if the lines on the far. schedules are hot sufficient. They must contain all the required Information,. 2
must follow the format of,the official - Gross Income scheclulei~ and must be Otached to the return in the same sequence as the . I. Grm recelpts-7-Enter gram io.. schedules appear on the official form. celpte or sales from all business opens. ~tlons except those required to be M If an attachment is used In place of a' schedule having a summary line on page ported on lines 4 through 10. 1_the total need not be entered on the For rOporting advance payments and schedule but must be entered on page 1. lont-term 6ntracts, see section 1.4515 of the regulations. Enter your name and Identifying , number on all attachments exactly as If you use the installment. method of shown on your preaddressed label. reporting,' enter on lini I the gross profit art collections from Installment 0. Sipature.-Thd return must be . sales and carry the same amount to line by the president, vice President .signed treasurer, assistant -treasurer, chief ac: 3. Attach a schedule showing for the counting officer, or any other corp&ate current and 3 preceding years:-(a) gross sales, (bJI cost of goods sold. (c) gross officer (such as tax officer) . . authorized to sign. profit, (d) rpercentage of gross profit to gross sales, (a) amount Col. A receiver, trustee, or assignee must leded, and (f) gross profit on amount sign any return he is required to file on collectad. behalf of a corporation. . 2. Cost of goods s6ld.-The method P. Transient to 'corporation con. of valuing inventories may not be trolled by transferor-lf.a person quires stock or securities of a corpoamc' changed without Permission. Application for Permission tion in exchange for properti, and no to change must be. . gain or loss is recognized under section made on Form 3115. 351, the transferor and transferee must If you elect to,use the last-in first-out attach the information required by sec. (LIFO) method of valuing inventory pro. tion 1.351-3 of the regulations. vided In section 472, attach Form 970 or a statement that Captains the InforPenaltiesQ. mation required by Form 970 to yaur tileats roetuernufsoerd.the first'year that method Is taxl.retAurcnorbpyortahtieonprtehsactrifbaieids tdoue including any extensions of time for filing may be subject to a penalty of Full absorption method of Inventory. 5% a month, up to a miaximum"of costing-Taxpayerv engaged in manu25%, for each month the return is not facturing or production operations mu filed (the penalty is imposed on the net use the full absorption method of inJ 't amount due-section 6651 (a)(1)). ventory costing. If they are not using the full absorption method of inventory cost2. A corporation that fails,to pay the ing, they must change to this method, tax'when due may be. subject to a under which both direct and certain in. penalty of V2 % a month or fraction of a month, up to a maximum of. 25%, direct production costs are Included for inventory value purpo.sea. for each month the tax is not paid (the penalty is imposed on the not amount The change to full absorPtion may be clue--section 6651(a)(2))~ made by filing Form 3115.,For further . The above penalties will not be im. details, see Revenue Procedure 75-40 posed if the corporation can show that and section 1.471-11 of the reguliithe failure to file or to pay was due to tions. reasonable cause and not to willful Cost of operations (where Inventories neglect. are. not an Incom"eternnining fac. These penalties are in addition tothe tdr).-If the amount entered on line 2 interest charge imposed on unpaid tax includes an amount applicable to cost at a rate pursuant to section 6621. of operations, attach a schedule showR. Foreign bank accounts.-If the ing (1) salaries and wages and (2) other iorhadt ainy tinteeresUrinigothegax. costs in detail. calearatr . 6. Other Interest.-Enter Interest ture or other authority . over a bank loans, notes, mortgages, bonds, securities, or other financial account in on bank deposits, corporate bonds, etc. a foreign country,,attach Form 4683. Do not offset Interest Income against For definitions, see Form 4683. Interest expense. Specific Instructions (Numbered to correspond with the line numbers on page I of the return.)
7. Gross rents.-Enter the gross amount received for the rent of property, Deduct expenses such as repairs, interest, taxes, and depreciation in the proper lines for deductions.
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9. Sales or exchanges of capital assets and other properly. Sesseparate Schedule D (Form. 1120SX and Form 4797, Supplemental Scheduld of,Gains and Losses. If line 9(b) exceeds $25,000, see instructions for Schedule J-Tax Computation. Every sale or exchange of a capital asset must be reported in detail in Schedule D (Form 1120S) even though nogain or loss is ipdicated. 10. Other income-The attached schedule should include recoveries of. bad debts'deducted In prior years under the specific charge-off method. Refunds of taxes deducted In prior years should be reported here and not offset agaInst current year's taxes. If "other income" consists of only one Item, you may Identify it by showIng the account caption in parentheses on line 10.
Deductions 12. Compensation of officers.--.Complate Schedule E for your'6 highest old officers. To determine the highest paid officers, add all allowances, includ. ing expenseaccount allowances, to each officer's compensation. Expense account allowance means (1) amounts, other than compensation, received as advances or reimbursements and (2) am unts paid by or forthe corporation for expenses incurred by or on behalf of an officer. Column 7 does not have to be completed for any officer for whom the combined amount is less than $30,000. . 14. Repairs-Enter the cost Of incidental repairs, such as labor and supplies, that do not add to the value or appreciably prolong the life pf the property. Include on this line the total amount of repairs'from Form 4832. . Is. Bad debts-Bad debts may be treated in either of two ways-(l) as a deduction for debts that become worth. less in whole or in part, or (2) as a de. duction for a reasonable addition to a reserve for bad debts. (Section 166.) ,Application to change the method of computing bad debts must be made on Form 3115. M Taxes.-Enter taxes paid or accrued during the taxable year and attach a schedule showing the type and amount of tax. Do not include Federal income tax or taxes not imposed on the corporation. See section 164(d) for apportionment of taxes on real property between 'seller and purchaser.
18. Interest.-Enter Interest expense, Including Investment interest expense, but do not Include Interest on Indebtedness Incurred or continued to purchase or carry obligations on which the interest is wholly exempt from. income tax. (Section 265.) See section 267 for limitation on deductions for unpaid expenses and interest on transactions between related taxpayers.
Bargain sale to a charitable organi. zation.-If you take a charitable contri. bution deduction for i5roperty, sold to -a charitable organization, the adjusted basis for determining gain from the sale is an amount which is in the same ratio to the adjusted basis as the amount realized is to the fair market value of the property. 20. Amortization-If you claim a deduction,for amortization, attach a schedule showing: (1) a description of the expenditures being amortized; (2) date acquired, completed, or expended; (3) amount being amortized; (4) amor. tization deducted. in prior. years; (5) amortization period (number of monthsl; (6) amortization for this year; and (7) the total amount of amortization less the amount claimed in Schedule A. See section 169 and related regulations for conditions under which: the' cost of certified pollution control facil. ities may be amortized over 60 months. Also see section 188 for conditions under which the cost of certain expenditures for on-the-job training and child care facilities may be amortized over 60 months. . 21. Npreciation.---Complete Schadule,G if you claim.a deduction for depre. ciation of property, leasehold improvements, patents, or copyrights. Form 4562, Depreciation, may be used as a supplement to Schedule G.
19. Contributions.-Enter contributions or gifts actually paid within the taxable year to or for the use of charitable and governmental organizations described in section 170(c) and any, unused contributions carried over from prior years. ' The total amount claimed may not exceed 5% of taxable income (line 28, page 2) computed without regard to this deduction. Charitable contributions in excess of the 5% limitation may not be deducted for the taxable year but may be carried over to the next 5.taxable years. Corporations on the accrual basis may elect to deduct contributions paid I on or before the 15th day of the 3d month after the end of the taxable year if the contributions are authorized, by the board of directors during the tax. able r. A declaration, signed by an 011,11cerstating that the resolution a thorizing the contributions was adopted u* by the board of directors during the Salvage value--Salvage value must taxable year, and a copy of the resolu- be taken into account in determining tion, must both be attached to the the depreciation deduction except unreturn. der the declining balance method, Class Attach a schedule showing the name Life (ADR) System, or Guideline. Class of each organization and the amount Life System. For personal property paid.. If a contribution is made In prop- (other. than livestock) with a useful life erty other than money, describe the kind of 3 years or more, salvage value may of property contributed and the method be reduced by an amount not in excess used In detemnihing Its fair market of 10% of the cost or other basis value. If a contribution carryover Is In- of the property. Property cannot be decludect show the amount and how It preciated below a reasonable salvage -value after making the above salvagewas determined. value reduction. Special rule for contributions of certain property.-If you make a charTangible property other than real itable contribution of property, the property.-Tangible personal property, contribution must be reduced by the whether new or used, may be depreciated under the straight line method or 'um of the 150% declining balance method. (1) the ordinary Income and New tangible property with a useful (2) for certain contributions, 6qV2 % life of 3 years or more may also be of the long-term capital gain, depreciated under (1) the double de' that would have resulted If the property clining balance method, sum of were sold at its fair market valds. The the years-digits method,(2)orthe(3) reduction for 62V2% of the long- other method that does not resultany In term capital gain applies to (1) contri- accumulated allowances at the end of butions of tangible personal property for any year (during the first two-thirds use by an exempt organization for a pur. useful life of the property) greater pose or function unrelated to the basis than that could have been defor its exemption: and (2) contributions ductedtheif total the double declining balance of any property to or for the method had been used. certain privats foundations. (Section use of 170(e).) .3
New section 1250 property-The double declining balance and sum of the yaars-digits methods may be used only for new residential rental property from which at least 80 the gross rental income is derived from Of rental of residential units. Other new property may be depreciated under real the straight line or 150% declining balance methods. Used,section 1250 property-Used residential rental property with a useful life of 20 years or more may be clepreciated under the 125% declining bal. ance method. Other used real property may be depreciated under the straight line method. Rehabilitation expenditures for low. Income rental housini.-You may elect to compute the depreciation deduction under section 167(k) for rehabilitation expenditures incurred for low-income rental housing under the straight line method using a useful life of-60 months -and no salvage value in lieu ofanyother method of computing depreciation. For details, see section 167(k). Section 179-~wAdditionall first-year depreciation allowance.-For the ' first year a depreciation deduction is allow. ,able, corporations may elect to write off 20% of the cost (before adjustment for salvage value) of new or used tangible personal property with a useful life of 6 years or more, up to an aggre. gate cost of $10,000. Controlled corporate -groups must apportion this $10,000 amount among members of the group. For this pur. pose, section 179(d)(7) provides a special definition of controlled groups. If the additional first-year allowance is elected, the basis of the property must be reduced by the amount of the deduction before computing the ordi. nary depreciation. 22 Depletion.-See sections 613 and 613A * for rates applicable to natural deposits. Attach Form T if a deduction is claimed for depletion of timber. a24. Pension, profit-sharing, etc. plans.-Complete Form 5500 for,your plan and file as a separate return. Attach a completed Form 5504 to the Form c- If you-have more than one plan, complete a Form 5500 and a Form. 5504 for each plan and attach to Form 5501. File these forms on or before the 15th day of the 5th month following the close of your taxable year. If you have a profit-sharing or stock bonus plan, it will be disqualified unless it specifically states that plan forfeltures attributable to employer con-
4
tributions after 1970 tax years cannot benefit a shareholder-e,mployoo. Taxability of shareholder-employee beneficiades--See, section 1379(b) for Inclusion of excess contributions In gross income of the shareholderemployee beneficlaiy. Also, see instructions for column 4 of Schedule K. ~ 25. Employee benefit programsEnter the amount of your contributions to employee benefit programs (e.g. insurance, health and welfare programs) that are not an incidental part of a pension, profit-sharing, etc., plan included on line 24. 26. Other deductions.-No deduc. tion is allowable for any amount allo' cable to a class of exempt income other than exempt interest income. Items directly attributable to wholly exempt income must be allocated to such income,*and items directly attributable to any class of taxable income must be . allocated to such taxable Income. If an item is indirectly attributable both to taxable income and exempt income, a reasonable proportion of the item, determined in the light of all the facts and circumstances in each case, must be allocated to each. Attach a statement showing (1) th amount of each class of exempt income :nd (2) the amount of expense items llocated to each such class. Show the 'amount allocated by apportionment separately. 30. Minimum tax an tax preference items.-Electing small business corporations are subject to the minimum tax only with respect to the capital gains item of tax preference and only to the extent that the gains are subject to the tax imposed by section 1378. Corporations having such capital gains in excess of $30,000 must attach Form 4626, Computation of Minimum Tax. This capital gains item of tax preference, after deducting a $30,000 exemption, the amount of taxes imposed for the year, and tax. carryovers to the taxable year, is taxed at a 10% rate. All other items of tax preference, a excluding capital gains, must be pporit.oned among the shareholders in a mpnner consistent with the way, net operating losses, are apportioned under section 1374(c)(1). The capital gains are excluded from this apportionment since these gain are (1) passed through to the share's holders, (2) included in their income on Schedule D (Form 1040), to section the ex* tent provided under the rules in 1375(a), and (3) included in the computation of the shareholders' capital gains tax preference.
SCHEDULE J Tax Computation Section 1378 Imposm a tax on cer. tain capital gains of an electing small business corporation. If net long-term capital gain reduced. by any net short-term capital loss (line 9(~), page 1) exceeds $25,000 and you are not liable for the tax, attach an explanation why this tax does not apply. (Questions A through D in this section of the instructions mAy be answered and this page attached to your return as an explanation.) . By answering the following questions, you can determine if you are liable for the tax. Af the answers to Questions A, B, and C or Questions A, B, and D are "Yes," the tax applies and you must complete Schedule J-Tax Computation on page 2. Otherwise, you are not liable for the tax, A. Does taxable Income, 111ne 28, page 1, exceed $25,000? 0 Yes 0 No B. Does net long-term capital gain reduced by any net short-term capital loss aine 9(b), page 1) exceed $25,000, and exceed 50% of taxable income (fine 28, page 1)? . 0 Yes 0 No C. Have you been other than an 1220S corporation at any firnwiluring the 3 immediately preceding taxable years or since existence if less than 4 .years? . . . . . 0 Yes 0 No D. If answer to Question C Is "No," does any long-term capital gain (line 6. Schedule D (Form 1120S)) represent gain from property described in items 1. 2, and 3 below? . 0 Yes 0 No . 11. Property acquired during the taxable year or within 36 months preceding the taxable year; 2. Property acquired. directly or indirectly, from a corporation that was not in existence as an 1120S corporation. during the taxable year or within 36 months preceding the taxable year up to the time of the acquisition; and 3. Property having a substituted basis (basis determined by reference, to its basis in the hands of the transferor corporation) to youi If the answer to Question D is "Yes," and the tax is applicable, compute 30% the excess of the n long-term capitalof gain over the netatshort-term capital loss attributable to property de' scribed in Question D. If this amount is less than the tax on line 9 or line 13, Schedule J, attach this computation to the return. Enter this amount on line 14 and note to the left of the amount, "Substituted Basis." (Section 1378 (c)(3).)
~ Fiscal year corporaflons.-4f the 4cor. pountion is, a 1975-76 corporation; am section 21 and related.regulations for rules on how to compute the tax. If applicable, stow the computation on an attechmer*-and enter the amount of such tax on line 14, Schedule'J. Members of a controlled group.7If the corporation Is a component member of a controlled ~group corporations, see section 1561 and of related regulations for rules on how to deter.m.ins the surtax exemption; Capital gains tai-The capital pins tax rate for electing small business corporations Is 30%. For purposes of Questions C and D above, a corporation is not considered to be in existence for any taxable year that Orecedes the first taxabbe year In. which the corporation has share. holders, acquires assets, or begins business, whichever occurs first.
SCHEDULE K Computation of Undistributod Taxable Income and Summary af Distributions and Other Hems . Lines 1, 2. MW 3;-Aindistributed taxable income is taxable Income, less the sum of. (1) The takes Imposed by sections 56 and 1378(a), and (2) The amount of money distributed as dMdends out of earnings and . profits of the taxable year. Distributions of money made'wfthin 2 months and 15 days after the close of ft corporation's taxable year are treated as distributions of that prior year's undistributed taxable income to the extent of the shareholders' pro rate sham. Summary of Distributions and Other Hems, Actual dividend distributions described on lines 4, 5, 6, and 7 of Schedule K should be reported on Form 1099-DIV. The amount shown .an line 7 of Schedule K (nandividend distribution) should be entered In the space provided for nontaxable distributions on Form 1099-DIV. If a prior actual distribution reported to shareholders as ordinary Income on Form 1099-DIV Is determined to be capital gain at the close of the corporation's taxable year, the. corporation must Issue amended Forms 1099-DIV to the shareholders. The,constructive dividends, as'described on lines 8 and 9 of Schedule ft. must be reported on Schedule K-1.
Column'3_4f the number of shams owned by a shareholder changed during the year, attach a statement showing the number of shares hold for each period.. Cotumn 4-Enter the compensation paid to each shareholder Including any excess contributions to. a pension, profit-sharing, etc. plan made on behalf of a shareholder-iamployee. Excess contributions are those deductible by the corporation under section 404(a)(1), (2), or (3~ over the Lester of: (1) 15% of the compensation re. colved.or accrued by the shareholder-emploiee from the corpo. ration during its taxable year, or (2) $7,500. A shareholder-employee of the corporation Is an employee or officer who owns (or is considered as owning under section 318(a)(1)) on any day of the taxable year of the corporation, more than 5% of Its outstanding stock. Line 4-Enter the ictubi dividend cflstributIon3 of money or property that are out of current earnings and profits and taxable as ordinary Income. A divi. dend distribution of property does not reduce undistributed taxable Income. Una S-Enter actual dividend distributions that are to be ireated by the shareholders as long-term capital gain after tax. Una 6--Only those dividends that are not considered to be out of the earnings and profits of ffie taxable year qualify for the dividend' exclusion. For ;purposes of this rule, the earnings and profits of the taxable year are deemed not to exceed taxable Income for the year. The dividends entitled to the ex' clusion would Include, for example, divi. dends.paid out of accumulated earnings and profits. Una 7--Enter the total amount of distributions of money and propertypot Out of earnings and profits. For taxable years after the first taxable year to which the Subchapter S election applies, include any distribu. tion of undistributed taxable income previously taxed to shareholders. (Seek
section 1375(d).) Distributions of money made within. 2 months and 15 days after the close of the taxable year are treated -as nondividend distributions of such year's undistributed taxable Income to the extent they do not exceed the sharehoklers' shares of undistributed taxable Income for such year. (See section 1375M.)
. Una &--firter that portion of undistributed taxableincome that Is to be treated by that shareholders as ordinary Income. The undistributed taxable Income [a the, amount, that the shareholders would have recetved as a dividend If such Income had been distributed pro rato to them on the last day of the corporation's taxable year. , A dividend distribution of property other than money may cause the corporation's undistributed taxable Income (line 3) to exceed the total of lines 8 and 9. If there.1s.p not operating loss for the taxable year, report It here. Line 9-Erdw that portion of undistributed taxable Income thit is to be treated by the shareholders as longterm capital pin after tax.. The amount cannot exceed taxable income olne 28) for the taxable year computed as provided In section 1373(d).' Una 11. Interest on Investment Indebtedrion-The amount of Interest an Investment Indebtedness that may be deducted by ar shareholder Is subject to a limitation. Interest on Invest% ment Indebtedness, and the applicable Items of: (1) not Investment Incoineror Ooss), (2) excess expenses over rental Income attributable to net lease prop", and (3) excess not long-term capital gains over net short-term capi. tal losses attributable to Investment property, are taken Into account.in computing the corporation's taxable income In the regular manner. However, each shareholder must be notified as to his pro rate portion of these Items so he may compute the limitation at the shareholder level. (See Form 4952 and saction 163(d).) Una 12,~-Errter the amount of each Item of tax.prefemnce. These amounts are also , taken Into account In computIng the taxable Income of the corporation In the regular manner but are sub. led (wIth certain. reductions) . to a minimum:tax at the shareholder level. (See Instruction 30.) These amounts are to be taken Into amount by the shareholder along with similar Items of tax preference from all other sources In preparing Form 4625, Computation of Minimum Tax..
SCHEDULE K--1 Shareholder's Share of Undistrib,uted Taxable Income, etc. Complete a separate Schedule K-I (Form 1120S) for each shareholder, and file Copy A with Form 1120S. ' 5
Scllmdule K-I.(F;orrn 1120S) must show complete information with rasped to all persons'who were shareholders of the corporation during any portion of the taxable year. Shareholders generally are taxed on their distributive sharei of the current takable Income of the corporation, whether or not actually distributed. In addition to the undistributed taxable Income. Schedule K-I also Indudes each shareholdees pro rate share of items of tax preference, Items .Used to compute the limitation for Interest on Investment Indebtedness, proper. ty eligible for Investment credit and Property subject to recapture of !;V;;~ment credit. Report actual dividend distributions aggregating $10 or more to a sham holder during the calendar year on Form 1099-DIV.
PART I.--4ncomo Line I.-Enter each shareholders pro rate share of undistributed taxable Income that Is taxable as ordinary In. come. This amount is to be reported by the shareholder on Schedule E (Form 1040). Each shareholder's share of a not operating loss is also reported on 116.9 1 and on Schedule E (Forrn,1040): Actual dividend distributions taxable as ordinary income must be reporied on line 1, Part 1, Schedule.8 (Form 1040). Line 2-Enter each shareholder's, Oro rate share of undistributed longterm capital pin after tax. This amount Is to be reported by the shareholder on Schedule D (Form 1040) as."not long. term gain from small business corpora. tions (Subchapter S)." Actual dividend distributions taxable 83 long-term capital gain must be reported on. line 1, Part 1, Schedule B
~.(Form 1040).
Each shareholder Is entitled to treat as long-term capital. gain a portion of. the sum of the dividends-he received plus his share'afundlitribuied tumble income. Hit portion Is determined by applying to the excess of net long-term capital gain over net short-term capital loss (line 9(b), page 1) reduced by any tax (line 3,1) the same ratio that the amount of his dividends (actual and constructive), which are out of earn. .Ings and profits of the current year, bears to the total dividends- (actual and constructive) Includible by all :ihareholders from the same source. In making the allocation, the excess of net long-term capital gain over net short-term capital loss. (reduced by tax)
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cannot exceed taxable Income olne 28; page. n. , PART . H 4nWred an Investmart Iridebtadnaim
PART V_-#Vaparty Used In Recomputing a -Priw. Year linvestin6rd Credit Nhen property Is-disposed.of
prior . Each shareholder must be notiffea of to the ."life years". *aWgn6d, ' each his pro rate share of Interest on, Inved, shareholder must be notified. He must meni Indebtedness.and thip applicable receptyra the ~amount by which the~ Items of: (1) not Investmeirt Income credit taken In a * prior year or years exor (loss), (2) excess . expenses over ceeds the credit as recomputed duo to em4 disposition of the property. rental Income attributable to not lease the, See section 1.47-4 of the. regulations property; and (3) excess not long-term .end Instructions * for Form 4255. For capital gains over net short-term capital mcomputation'of the Investment credit losses attributable to Investment prop- for qualified progresi expenditures, see erty. These Items are combined with similar items from other sources.to section 47(a)(3). compute the sharaholder's limitation on the deduction for Interest Incurred an Investment Indebtedness. (See Form Credit for . paid or. Incurred in .4952.and section 163(d).) Work ImcmdIft (WIN) progmm_-Sh8m.
PART Ill.-Hems of Tax Preference All Items of tax preference are taken Into account by the shareholders, along with similar items from other sources, In preparing Form 4625. Computation of.Minimum Tax. The Items of tax preference, except capital pins. are appor. tioned tDeach shareholder on a daily basis and not as of.the end of each year. This manner*13 consistent with the way net operating losses are apportioned under section - 1374. (See am. tion 1374 and Instruction 30.)
PART IV-4hvpwq EIWbIa for 16vestment Crodit Investined Crodit-4hareholdem are allowed a tax credit on their IrW6 vidual returns for their share of the cor. poration's Investment In certain depreciable property. Shareholders claiming the credit must attach Form 3468 to their riturns; The Investment credit has increased from 7 percent (4 percent for public utilities) to 10 percent for property ac. quired and placed In servite after Janu. ~ary 21, 1975 and before 1977, and Ior property constructed by the taxpayer (and placed In service during the year) to the extent of construction accom., plished after January 21, 1975 and be. fore 1977. The limit on the amount of used proparty eligible for the Investment credit has Increased from $50,000 to $100,. '000 for~ taxable years beginning after 1974 and before January 1, 1977. The Investment credit has been ex. tended to Include progress payments made during the construction of proparty that requires at least two years to construct and that has an expected useful lifoof at least seven years. This provision 13 effective for progress payments made after January 21, 1975.
holders are allowed a- WIN credit an their returns for their share of the WIN wages paid or Incurred by the corpora. tion. The credit Is 20%,,of the'salarles and 'wages -paid or Incurred by the co~vorstlon* to employees hired under a WIN Program. the credit Is allowed for. the salaries and wages paid orincurfed for the first 12 months-of employment. For special rules and limitations, see.. Fomn 4874 and sections 50A and SOB. The WI N -credit has been extended to Include wagespild certain welfare recip. Lents hired after March 29, 1975'for services performed before July A, 1976. The. corporation,must attach a, statement dhowing each sharehofdor's share . of WIN wages for isch WIN amployee. This 'statement must'also show:each ' WIN employee's name, social security* number_ Initial date of employment, and total VON wage. Shareholders must attach Form 4874 . . to their returns. Tax from recomputing a prior year, VIIIN crodft.-~--If a WIN employee Is dis. missed before the end of the'first 12 months of employment, or during the following 12 calendar months. each shareholder must be given a statement showing his share of WIN wages at., tributable to eack such WIN employee and the employee's name, , social security number, and period - of employment. Each shareholder must add to his tax liability the prior credit taken.with respect to each such WIN employee. For'exceptions and limitations, so Form 4874, and section 1.50A-5 of the regulations. . For more Information obtain Pubilcotion 589, Tax Information an Sub. chapter 8 Corporations, from your local Internal Revenue office.
. . Codes for Principal Business Activity afix! Principal Product. or Service These industry fill" and deffirdthisis am based, In general. On the. the specific Industry , group frorp which the hugagil -pisrogmage at -tocal Emosprim, Standard industrial Classification system developed by the recalpts" Is defteel, "Total receipts" means gross receipts (Uns'l. Officii Management and Budgelt, Exsouttve~ Office of the PresldcirvL to pop 1) plus .11 other 1- (11- 4 through 10, pap 1). On pap .[.Wfy enterprises by type Of activity 1. which UW .. ..edged. Th. 3. under H. state the principal business Activity and principal product system follows closely the Standard Industrial Classification used to or service that account for the largest percentage f.total receipts. .1awkify estalithshments. . For tosimple, if the principal business activity Is "Grain mill products," Using the, list balm, enter an pap 1, under 9. the Code number for the prificipal pr6duct or service may be 'Zonal pr4peradcon." RI6 FORWM, AND FISHING Code JMMSCULTU . 04W Affricuttural pioduction' n 06W =exevices, f ..try, fishing, Pplng. MINING Motel nalsfedt 1010 Inon ortold leadand Anc. Cold and sliver arr. 1090 Other metal mining. 1150 C-Uning. On and an extractlam :310 Crude pl.l,u,. natural and sed so liquid.. se.,VII , ad a. flat -rA-. In. .. - ( ,, edbig, 11" Dl,,"'I*n, ",h*d and brolln stons; other no ~dagnZilla 9'. m1norals, except fuels.
418
assawal WasselfCONSTRAJCTION and spindles bulklem 11510 General build:ng done. mertractors. 531 Operati- bul 1600 Him construction controdoes. Spoolid trade contractors. 1721 m! air conditioning. I.I 17911 Oth.,.pecl.1 trade contracters. MANUFACTURING Food sed kindred products: 20100 narty M prZue t. s. 202 2MO Pra-d fruit. and vegetables, 2M (1-1.4"'11. Sea 1p.-du.,ts. d 'to 2 2060 Sugar and c-ftction,ry products. 2081 Me I Or. and rn.h. 2088 Al-h 11. ~-z.. ....In m.ft liquand .H. .20119 other Bobiled sort dtnw 2096 food and k1nd%ddP=Url~g" 2100 Tobacco ans-hu""" 222S WeaWng .I. "Oil p"d"b` mills and textile finishing. 2250 2 8 9=178.211.1%111 products. Ads 2345 "" Wom "11.nd=fid=:tl*thIng. 2388 millinery, A., fur goods, and Other Hat" C-d` I d 2390 - -val pro, aa except forniturs, 2111 gI . I*-and planand n, m loffrng contractors, is 1430 I a~xtscl products. 2498 ()In., Mu""' ;-d P'_=J`19, Including wood Wilding, and mobile homes. 25W Furniture and fixtures. Paper and allied produchg .111.. Other fth, pips, ;nd to.rd 26625 2 99 Oscar roducts. PrtnUn& publishInIl, and allied Industrim 271 0 N.-p.pirs. 2720 ftriodilals. 2735 Books, frosting cards, and misc. 2799 E.."trUil and other printing, and print. _,_ ire trade Chandcal. and .[[led products: 2815 IVUstrl,I ch,mJcals, plastics materials 2830 2840 and57moucs2SO&M Palms V cleaners, and .11,Wnd~todilet goods. 'S' Agricultural and Z, chenical products, 2820 listrohnon 9.fl:In=.ted Met Indushri(including With extreathm): 2910 fttmlum nif~nl,%On)cludlng those lnta~ n9a Vr.1r hlad P",.I.u at 61h m and a I products. 'Rubber and Was. plastics products: 3050 Rub"' plastics footwear. h-* di :& 3070 and MI prd.a red , 3140 Foote.:~ lot 3198 Other I the, .. andrubber I.M6 r products.
Code
.
Code
Stan% day, ghiss, and cancrato produclar 3225 GI... products. 3240 Cement hydraulic. 3270 Conems, gypsum, and plostor products. 3~8 OthaZo=mInemI produchi. 1 3370 Farmus metal Industries; mec. primary 3380 metal products. Nonformus motel Industries. Fabricated meet pmducta, except machImny Bad transportation 'Paperumb 3410 Metal no and shipping cord.1n... 3428 C.1.7. hand tool. and hard...; -.h no products,, bolts, and similar 343o XuWmUba14 and h.sti.a ... of electric and **- air, F.b,,..tW U40 stmaturil me, ~l products. 3460 Metal forgings and she.Pinfirs. ad 3470 3480 *ng==uIjs-,4-aa or as of vehid grdn.._ "fing, Bago and guide missiles. MI.. fabricated .Ud products. Machinery. .-pt .1-tricab 3520 Farm machinernT'. I ourtarl.l. 3530 C-11ructlon, in nlng~ anc UIdmamL handling ma,h nor,K and aq 3S. M,=::, 3540 I rllng hrd.st;,L h=ny;ry, except 3560 Gen. "WIZ" 3570 Office, computing, and accounting machine . 3.. Engines and turbines, ..Mce I machine and other _!nachinory,== wy, equipment. and supplies; 300 H.u-hld 3665 Radio, television, and communication 4-linnn-L 3570 Electronic components and accessorles. 3698 Other electric -Ipm,ft Trareportatim equipment 3710 M,br,wh1cIqx and nuipmard. 3725 Aircraft. Vd.d mi.. Ios 37 0 Other Ship end at building and'%oa1=,qi. 3798 3 U.-mr1ation equipment. Moseurl" "d graphic Vmdk:lt= - "W watchm== .3815 Scientific Instruments and measuring de, amtches; and clocks. 3945 Optical. medical . Ado=almlc 38M ft Wgraphic ..ppla . 399S Other maradfacturft products. EIMSMORATSATAlONNOSCAOMMITMAURRY'SCEAITtIVOIC% Tr...partatiom 4?00 00 , ndntg~,~ b:tn 4 .. no., transit. 4200 Trucking and warehousing. 4400 We, a, transportation. 4500 Trans ortat an by air. 4600 Pipe rIFnInos, except notwVa.. 4700 Othe ransportellon se -. Communication: 4a25 Telephone. somices. telegraph. and other vmuniCation 4030 Radio and toleAslon broadcasting. Electric. gas, and sannary services: 4910 Electric ..M.ei. 4120 30 Co.bgeuVoala Go, produ hy "d_IC dltrl:rlo". 49 4990 Water supply and other ";Itary -iWHOLESALE TRADE Durable 5010 Machin 5030 "08 =hl'CJ'.'u.j*Zt=d1v.%.'I,'m.nt. 'p Lumber and contructlon materials. 5050 Metals ME and min..I., except petroleum 5060 and c.p. 5070 Electrical Hardwars.8=16ing and heating =-nt. 5098 durable Saudis. Nondurable 51 5110 Paper and paper pm,iucts. 29 Drugs. chemicals. and ollieUmducts. 5110 Apparel' pill* =:,and lans. 5140 Groc.rhni and pma.cts.
F.--produe .. materials. - Alcoholic .10 5I,o , bev..gsof Mi.. -durable good. RETAIL TRADE Building resserlis% hasdamse, garden supply, and -.bit. home U5220 Building materials dialons. 5251 Hardware stares. 5265 Gordon supplies and mobil. he- dl.5100 Demand marclum". W5400 Food atAutomotive dealers and ...No atMk-5515 Motor which, dealers. 5541 Gasoline sonl.. stadl-. 5598 Other . tornoti- deal.56M Apparel and -,y alone. SM Furniture . Piano fud~ at.SBDO Eating ..d=ldg pieces Misc. recall at-1112 U... Drug I S92. roprIet.ry eldess. 5995 Other misc. Wait stores. FINANCE. INSURAMICa, AND REAL ESTATE Gon.. MI, I _Fc?,~ru=n., ot .n1s.of 6060 and So. bank holding companies. Credit noncloo other then bi 6120 S-2:,and loan .-I.tien. .140 P.credit Institutions. 6150 B-In is credit Institutions. 6, 99 Other credit son.[=hu,M 1tY4ca,%eadUtY , wmtir. brolsons. doolem, 62~10 Security brokers, dealeni, and notation co.pani... rrty.: tracts brokers and dealnd!*,modIty -ban.; and ailled! services. II lns.mnc. 6355 Life Insurance. 6356 Mutual Insure marine and certain fl;r%,`B-d -pt In-rance . 6359 9th'" rin-ncecomp-his. 6411 Insurance agonle, brokers, and swvlcos~ Re I Estate: 6511 Rest -U2 ybmtorx (except developers) and lesso mining, Wildln 6516' Lessars of Wirind
~~T=I
6518 f=~ railroad b.prty and other -1 6530 =,Urn-.unj_ management and c.p.housing 6550 Subdi.1"ns 11" and d".1opers. 6599 Other,**' exists. Holding and 6742 Real Regulated in-am,nit ,m"nl,*. 6743 estate in"Itment trusts. 6744 Small W:InsssInr..=nt.7m d oth in m I :~n.l..~hn. 6749 Hold ~Unk hldl, cormumles. SERVICES 1000 Hotel. and the, ladiffing places. 72W ft-I .rkBusiness sarvicat: 7310 Ad-dising. 7389 Business "Mcas, -Opt adNertising. nopok end somices; solic. repair mrvkm Auto repair and -micoo 76W Misc. repair eirvices. Amusement and mcmetlanall sarvicion 7012 U.tion _22. picture production. distribution. and 7830 Moil- picture in st.m. 79, Amu=,nt -pt m pa," gratIon serAces, ex, Other ..rW=*n W15 Offices of Phrici-s. Includingrostoo, 802, pamic physic ans. - of dentlets. SO BOW Hu 'in _i and -no[ 0, core facilities. 71 Midi I.=Wd 8099 Other ..ft.l ..ric.. S =..Mc c at II ti.n.1 2W Political =zations. 8651 Misc. 11799
11.1.41-060-2400
SCHEDULE (Form 1120S) D
Capital Gains and Losse s
Name
L,
I
Ile, Attach to your tax return.
Short-term Capital Gains and Losses-Usets Held 6 Months or Less luarl af IV. b. D.U.".1red (L?are d. crese .1. pd. One., day. r.) day.$0, V.)
I
I-
1@75
Omplayar IdentIfIcaltion Number
,.,m 3468 O."ran., 3,t. ..t It
Computation of Investment Credit
nf 'e. ".us S.nic.
.
1. a.]. (d besNew
----
------------ -------------------------------------------------------------------------------------------
Note: 1
Include your share of investment in property made by a partnership, estate, trust, small business corporation, or lessor,
Qualified investment in property acquired or constructed prior to January 22, 1975 and placed in service during the taxable year. (See instructions C and D for eligible property.) Trpe
p ro pertofy
New property
.,
:
: I PMP USV.Y (See instructions for dollar limitation)
(3) A-11 We Percent,a,
(2t Cost or bear, (See inst-tion G)
Line
Lite' 'Y'eem
(a) (b)
3 or more but less than 5
3311,
5 or more but less than 7
66%
(c)
.*
1@75
return
Name
- Pmw bol, seaC-11esperse, W .1.
.,
tax
I Identifying number as shoom on page I at your tax return
2
3 Unu%Wpi" a, ., 'o p Ica7v` ,,, ,rr(= =1011nn L It -an~ 2: column . f) . . . . . . . . ~ Long-term Capital Gains and Losses--Assets Held More Than 6 Months 4 Enter section 1231 gain from line 4(a)(1), Form 4797 5
lo. Attach to your
I
7 or
A' . I stri
zd T 1,,*,tm,nt I column 3)
..... __ ......................
100
(d)
3 or more but less than 5
331A
....................... _......
1.)
5 or more but less than 7
66%
__ ........................
(f)
7 or more
100
2 Add
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6 Net long-term capital gain or (loss) (com bine lines 4 and 5, column f) . . . . . . . . . . . . . Fof Schedule D Gains and Losses 7 Excess of net short-term capital gath; (line 3) ever not long-term capital less (line 6). Enter here and on line 9(a), page I Fo qn 1120S 8 Excess of not long-term capital gain (line 6) over net shod-tents capital loss (line 3). Enter here and an line 9(b), page I: F. " 1120S other securities or evidences of indebtedBasis.-In n determining gain or loss, ristructions Iftferences am to the Internet Revenue, Code.) ness or interest) is exchanged solely for the basis of property will generally be its I prope of a "like kind" to be held either cost. If property was acquired by bequest, This schedule provides for the reporting of "Ies or exchanges of capital assets. Every sale Of ". for productive use in a trade or business gift, tax-free exchange, involuntary con. 'huge of property must be reported even though or for investment; you must report the version, or wash sale of stock, see secno gain or knis is indicated. transaction on Schedule D (Form tions 1014, 1015, 1031, 1033, and For reporting sales or exchanges of property other 1120S) or Form 4797, whichever is ap- 1091, respectively. Attach an explanation than apital assets including the sale or "change plicable If Schedule D Is applicable, ifthe basis used is otherthan actual cash of property used in the trade or business and In. I 'stated -.i.n, (se on 1231), me Force 4797 Identify It the property disposed of in col- cost of the property. andluntary T Instructions. cti mn (a). Enter the date of acquisition in If a charitable contribution deduction Capital Assets.-Each item of pro, co umn (b) and write the date of ex- is allowed by reason of a sale of prop. change in column (c). Write "like kind arty to a charitable organization, the aderty held by the corporation (whether or not connected with its trade or business) exchange" in column (d) and enter the justed basis for determining gain from adjusted basis in column (a). Enter zero the sale is a capital asset except: (1) inventoriable is an amount that is in the same assets or property held primarily for sale in column (f). (See section 1031.) ratio to the adjusted basis as the amount Capital Losses.-Capital losses are realized is to The fair market value of the to customers; (2) depreciable or real property used in the trade or business; allowed only to the extent of capital gains. property. (3) certain copyrights, literary, musical, A net capital loss, however, may be carMinimum Tax on Tax Preference or artistic compositions, letters or memo. ried forward as a short-term capital loss randurns, or similar property: (4) ac- for 5 years (10 years to the extent the Items.-If the net long:term capital gain is attributable to a foreign expropriaexceeds the net short-term capital loss, counts or notes receivable acquired in the loss ordinary course of trade or business for tion loss) or until exhausted, whichever you may be liable for minimum tax. See Form 4626. services rendered or from the sale of comes first. property described in (1) above; and (5) Short Sales of Capital Assets.-For certain short-term Federal, State, and rules relating to certain short sales of Installment Sales municipal obligations issued on or after stock or other securities and transactions If you sold personal property for more March 1, 1941, on a discount basis. in commodity futures, see section 1233. than $1,000 or real property regardless For special rules applicable to capital Worthless Securities-Except for of amount, you may be eligible to report gains of an electing small business cor- banks, if securities that are capital assets any gain under the installment method poration, see section 1.1375-1 of the become wholly worthless during the tax. if (1) there are no payments in the year regulations. able year, the loss is to be treated as a of sale or (2) the payments in the year of Exchange of "Like Kind" Property.- capital loss as of the last day of the tax- sale do not exceed 30% of the selling Although gain or when no loss is recognized able year. price. (See section 453.) Such sales must property held for productive use in Losses Not Allowable.-No loss is al- provide for two or more payments, with at a trade or business or for investment (not lowed for wash sales of stock or securi. least one payment being made in each of including stock in trade or other prop. ties. (See section 1091.) No loss is al- two taxable years. arty held primarily for sale, nor stocks, lowed (distributions in liquidation ex. For treatment of a portion of payments bonds, notes, choses in action, certifi. cepted) on transactions between related as "unstated interest" on deferred pay* cates of trust or beneficial interest, or persons. (See section 267.) ment sales, see section 483.
3
'T I (4-,o "rough lot public ll;ili~ propaly) 7% 'Ines of time
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1
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4 Qualified investment in property acquired or constructed after January 21, and qual ified progress expenditures made after January 21; 1975. New property Qu:lified progress xpenclitures
1
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3 or more but less than 5
331/,
5 or more but less than 7
661h too
7 or more
(d)
7 or more
1975_
(a)
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.
(b) 1.)
5 Add lines 4(a) through (h)
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0)
1974
Used p roperty (See instructions for dollar limitation)
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(f)
3 or more but less than 5
(9)___ (h)
5 or more but less than 7
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. 66%
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100
7 or mcre
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20 . 20
7 or more
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1975 and placed in service during the taxable year.
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6 10% of line 5 . . . . . . . . . . . . . . . . . . . 7 Electing corporations with qualifying employee Stock ownership plan-Enter 1% of line 5. . (Attach election statement.) 8 Carryback and carryover of unused credit(s). (See instruction F and instruction for line 8-attach computation.) . . 9 Tentative investment credit-Add lines 3, 6. 7, and 8 . . . . . . .
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Limitation 10 (a) Individuals-Enter amount from line 16(c), page 1, For. 1040 . . . (b) Estates and trusts-Enter amount from line 24 or 25, page 1, Form 1041 (c) Corporations-Enter amount from line 9, Schedule J, page 3, Form 1120 11 Less: (a)
Foreign
. . .
. . .
. . .
. . .
. . .
. . .
tax credit
(b) Retirement income credit (individuals only)
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(c) Tax on lump-sum distributions. (See instruction for line 11.)
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12 Total-Add lines 11(a), (b), and (c)
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13
Line 10 less line 12
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14
(a)
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Enter amount on line 13 or $25,000, whichever is lesser. (Married persons filing separately, controlled corporate groups, estates, and trusts, see instruction for line 14.) .
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(b) If line 13 exceeds line tale), enter 50% of the excess. (For public utility property, see section 46(a)(6).) . 15 Total-Add lines 14(a) and (b) . . . . . . . . . . ... . . .
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16 Investment credit-Amount from line 9 or line 15, whichever is lesser (enter here and on line 49, 1040: line 10(b), Schedule J, page 3. Form 1 120; or the appropriate line on other returns) . . .
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Form .
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Schedule A.-If any part of your investment in lines I or 4 above was made by a partnership, estate. trust, small business corporaiion, oi~lessor. complete the following statement and identify property qualifying for the 7% or 10% investment credit and qualified prograss~expendilvres. (P,dnersh
.. "ame .stste. L-1.
P"P.rty
Address
t,.)
N,.
Used
If property is disposed of prior to the life years used in computing the investment credit, see instruction E. x.,
-XV
I.,
Life y....
1075intemal Revenue service Instructions for Form 3468 Computation of Investment Credit (References are to the Internal Revenue Code)
New Provisions of the Tax Reduction Act of 1975 10% Investment Credit.-The investment credit was increased from 7% (4% for public utilities) to 10% (in certain cases, 11% when certain employer se. curities are transferred to employee stock plans), for property acquired aft. r January 21, 1975 and placed in serin Ce during the taxable year; and property constructed by the taxpayer (and placed in service during the taxable year) to the extent of construction accomplished after January 21, 1975. Special rules allow an investment credit on certain "progress expenditures" made after January 21, 1975. See section 46(d). Transition Rule.-The 7 % investment credit is allowed for qualified investment in property which was acquired or con. structed prior to January 22, 1975 and placed in service during the taxable year. In the case of property the construc. tion, reconstruction, or erection of which rue is begun by the taxpayer before J:nuary 22, 1975 and is completed after J ry 21, 1975, that portion of the basis which construction, rewas attributable to the . . construct on. act, p or to January 22.1975 shallortZeliri'llne Zr.the'7% investment credit. The portion of the basis which is attributable to the construction, reconstnuction, or erection after January 21, 1975 shall be eligible for the 10% (or I I %) investment credit. All new qualifying property acquired or constructed and placed in service after January 21, 1975 is eligible for the 10% investment credit. Used Property.-The dollar limitation on used property increased from $50,000 to $100.000 for taxable years beginning after December 31, 1974 and before January 1, 1977. Qualified Progress ExpendituresFor taxable years ending after December 31, 1974, a taxpayer, by attaching a statement, may elect under section 46(d) to increase qualified investment for the taxable year by the aggregate qualified progress expenditures made after Janu. ary 21, 1975 and during the taxable year for the construction of property which has a normal construction period of 2 years or more if such property will be new section 38 property and will have an estimated useful life of 7 years or more in the hands of the taxpayer when it is placed In service. See section 46(d). The amount of qualified progress expenditures, which may be taken into account
in a taxable year beginning in 1974 or 975, is limited to 20 percent of the full amount 1 of the qualified progress expenditures made during such year. For taxable ea beimta, nnng n ,75 r us P rti~ 'a . s 1,7 e , in y peif 20 m r,idalso -adein of 'th taxable fi ~ thesuch we ga Year. Me accou~ ng a,., taxpayer ,a' n in J.,' provided 7, and a '..a end a Ielection at.-g` an .in a. 2 rc ur. fact for such year. Public Utility Property.-For taxable years ending after December 31, 1974. and before 1981, if the amount of qualified investment of the taxpayer which is attributable to public utility property is 25% or more of his aggregate qualified investment, the alternative limitation under section 46(a)(6) will apply. 11 % investment Credit (Applicable to Corporations Only).--Corporate taxpayers may elect the 11 % investment credit with respect to qualified investment in property which is otherwise eligible for0 tlhI ut. 10% of the tocred a u an va 'm oun k irship atco I0 to nemployee al.l,.d "' if in a. mt. ent n wne aqisu I plan. A corporation may elect an additional 1% credit by attaching a statement to the return. For corporations to qualify for the additional 1% investment credit certain requirements of the Tax Reduction Act of 1975 must be met. See section 46(a)(1)(B). Guidelines will be issued by Internal Revenue Service regarding the additional I % investment credit.
General Instructions A. Who Must Fle-Any individual, estate, trust, or corporation claiming an investment credit must attach this form . to iIts income tax return. Partnerships and small business cor. porations are not required to file this form because the credit is Iaimed by the partners and shareholders, but they must complete Schedule K on their returns showing the allocation of investment credit property and qualified progress expenditures to the partners and shareholders. The investment credit is not applicable to a Domestic International Sales Corporation (DISC) and does not pass through to any DISC shareholder.
An estate or trust Is allowed a Credit for its share of the investment in certain depreciable property with an estimated useful life of 3 or more years. Estates and trusts that apportion the investment between themselves and the beneficiaries should, in addition to filing this form. attach a statement showing the allocation of the investment among the beneficiaries. The statement must show each beneficiary's allorable share of (1) the basis of the new property and (2) the cost of used property, and the "life years" assigned to the property. If the estate or trust has made an election under section 46(d), the statement must show each beneficiary's allocable share of the qualified progress expenditures made by the estate or trust. The schedules and statements allocating investment property should also identify property qualifying for the 7% or 10% investment Credit, or qualified progress expenditures. 0. When Allowed-The credit is allowed for the first year the qualified property is placed in service or for the year in which the qualified progress expenditures are made. C. Property Defined-You are allowed a credit against your tax for investment in certain depreciable property with an estimated useful life of 3 years or more or for qualifying progress expenditures for property which will have a useful life of 7 years or more when placed in service. Except as provided below, the investment credit is applicable to: (1) tangible personal property, (2) elevators and escalators. (3) real property (except buildings and their structural components) if used as an integral part of manufacturing, production, or extraction, etc., or used as a research facility or bulk storage facility for fungible commodities in connection with these activities, and (4) livestock (other than horses) if substantially identical livestock (not subject to recapture tax) is. not sold or disposed of (except in an involuntary conversion) during the one-year period beginning 6 months before the acquisition date. You must reduce the cost of the acquired livestock by the amount realized on the disposition of the substantially identical livestock. The investment credit is not applicable to: (1) certain property used predominantly outside the U.S.; (2) property used for lodging or in connection with furnishing lodging, except (a) property used in certain commercial facilities located therein (such as a restau; rant), (b) property used by a hotel or motel, or (c) coin-operated (Conti-d)
vending machines. washing mechines, and dryers; (3) property used by a tax-exempt organization (except when the unrelated business income tax applies); (4) property used by governmental units; and (5) that portion of a pollution control facility, railroad rolling stock. coal mine safety equipment ex. penditures, rehabilitation of low income rental housing, job train. ing facilities, or day care facilities (see sections 169, 184, 187, 167(k), 188, respectively) that the taxpayer has elected to amortize over a 5-year period. Election for Leased Property.-A lessor may elect to treat all or part of an investment in new property as if made by the lessee instead of the lessor' (See section 48(d).) For limitation on avail. :bility of the credit to certain lessors. see ection 46(e)(3). E. Recomputed Tax on Early Disposition of Property.-If property is dis. po ad of prior to the life-years category us:d in computing the investment credit, recompute the credit using as the useful life the period the property was actually held. Forrecomputation ofthe investment cr-.-dit for qualified progress expenditures, see section 47(a)(3): In recomputing the credit, use the life year categories shown on Form 3468. If the credit taken, including carrybacks and carry* overs, is more than the recom puted credit, you must increase the tax for You the year of disposition by the excess. may use Form 4255 to compute the tax increase. F. Carryback and Carryover of Unused Credits.-Any part of an investment credit you cannot use because it exceeds the amount allowable (including any unused credit created by the carryback of a net capital loss or a net operating loss) may be carried back 3 years and forward 7 and may be used to the extent permissible within the limitations applicable in those years. Special rule for carryover of unused credits from taxable years ending before 1971-Unused credits from taxable years enclingbefore 1971 that can becarried over to a taxable year beginning after 1970, may be carried forward for a total of 10 years. Similarly, unused credits not absorbed because of the special 20% limitation on
carryovers and carrybacks to years beginning after 1968 and before 1971 may also be carried forward a total of 10 years. You may make a claim for refund based upon the carryback of an unused investment credit by filing Form 843, Form 104OX (individuals), Form 1120X (corporations), or an amended return for the year to which the unused credit is carried. Taxpayers who want a tentative (quick) refund may file Form 1045 (indi. viduals) or Form 1139 (corporations). G. Basis and Cost.-The credit for new property applies to the basis of the prop. erty. The credit for used property ap. plies to the cost of the property. The cost of used property does not include the basis of any property traded in unless the trade-in resulted in the recapture of all or any portion of an investment credit previ. ously allowed or in a reduction of an investment credit carryback or carryover. No adjustment for additional first-year depreciation or salvage value is required. For purposes of the investment credit, the useful life of the qualifying property must be the same as the useful life used for depreciation or amortization.
Specific Instructions Lines I and 4. New Property.-Enter the basis of property (as described in instructions C and G) placed in service during the taxable year. Used Property.-Enter the cost (subject to dollar limitation below) of used property placed in service during the taxable year. See instruction G. Property inherited, received as a gift, or acquired from certain related parties does not qualify for the investment credit. Dollar Limitation on Used PropertyIn general. the amount of used property you may take into account may not exceed $100,000 (determined without regard to the applicable percentages based on useful life). If a husband and wife file separate returns, each may claim up to $50 000 unless one of them has no qualiiying used property, in which case the other may claim up to $100,000. The amount of used property placed in service by a partnership, small business
corporation, estate, or trust that may be taken into account may not exceed $100.000. The $100,ooo limitation also applies to each partner, shareholder, and beneficiary. A controlled group of corporations (see section 48(c)(3)(Q) must apportion the $100,000 limitation among the compo. nent members of the group based an the total cost of used property each member placed in service. Make the apportion. ment without regard to both the $100,000 limitation and the applicable percentages based on useful life., Estates and Trusts.-In case of an estate or trust the amount of investment is apportioned between the estate or trust and the beneficiaries based on the income of the estate or trust allocable to each.
Line S. Priority of Application of Unused Creilits-The . limitation is first absorbed by: (a) unused credits carried from years ending before 1971, then by (b) credits for property placed in service in the current year, and then by (c) unused credits from taxable years ending after 1970. Line 11. Tax on Lump-Sum Distribu. tions.-Enter the amount of partial tax included in line 10 by the recipients of lump-sum distributions from qualified employees' trusts or annuity plans. Line 14. Limitation.-If the tax liability (line 13) is $25,000 or less, the invest. ment credit may not exceed the amount of the tak liability. If the tax liability exceeds $25,000, the credit may not exceed $25,000 plus 50% of the excess. If a husband and wife file separate re' turns and both are entitled to an invest" ment credit, compute the limitation by substituting $12,500 for the $25,000 shown in line 14(a). Controlled corporate groups (see section 46(a)(5)) must apportion the $25,000 among all component members. An estate or trust must reduce the $25,000 amount to (a) $25,000 multi. plied by (b) the qualified investment apportioned to the estate or trust, divided by (c) the aggregate qualified investment apportioned among the estate or trust and its beneficiaries.
Cn
Corporation Returns/19759 Forms and Instructions
226
. rm 1118
Computation of Foreign Tax Credit-Corporations
111- My 1975)
(Effective for taxable years ending after December 31, 1974, a separate Form 1118 is for Joit For Calendar year 19 or other taxable year beginning.._..... 19, and endinig
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2
Corporation Returns11975 * Forms and Instructions
227
Form 1118 (Rev. 7-75)
Pass 3
mL-m.7mmrmo Computation of Taxes Deemed to Have Been Paid by Domestic Corporation Filing This Return The following lines are for the computation of tax deemed to have been paid by the domestic corporation filing this return with respect to actual or deemed distributions from a first-tier foreign corporation under section 902(a), and constructive distributions from a first-tier or second-tier foreign corporation under section 960(a). Enterthe amounts from column 11, Schedule C in column 5, Schedule B. 4. Is to, (Check Computation applicable to-): L(N.m. of ld= DISC* and r Discs)
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=11111 SwIllimill:
Form 1118 (Rev. 7-75)
page 4
Computation of Tax Deemed to Have Been Paid by First-tier Foreign Corporations The following lines am for the computation of tax deemed to haw been paid by a furst-fler forel I corporati n vAth respect to dividends from a second4ler foreign cor. poration under section 902(b)(1). Enter the amount from column 11, Schedule 0 In column 9, Vchedule C.0
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11. T. beamed W Have 10. Column 8 Plus Column 9
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Computation of Tax Deemed to Have Been Paid by Second-tier Foreign Corporations The folloveing lines are for the computation of tax deemed to have been paid by a second-tier foreign corporation with respect to dividends from a third-Ver foreign corporation under section 902(b)(2). Enter the amount from column 11, Schedule E In column 9, Schedule D.
-Uv 0@Pa _111M@M @VTL)@T~&~
Internal Revenue Service
Instructions for Form 1118 Computation of Foreign Tax Credit-Corporations (Revised July 1975) (References are to the internal Revenue Code and regulations thereunder)
General Instructions A. Corporatio ns Required to File Form .-F.n. 1 18 must be attached to the 18 e tax return 1 of any corporation electing to incom claim the benefits of a foreign tax credit under The Section 901. form must off be carefully filled in with the information called for ;and with the calculation of credits indicated. (Section 905-2(a)(2) of the regulations' 11
Effective for taxable years ending after December 31, 1974, a separate Form 1118 I, required for foreign oil related income. B. Foreign Taxes for which Credit May be Claimed.-The credit may be claimed for income. war profits, and excess profits taxes paid or accrued during the taxable year to any foreign country or to any U S possesSion, and the taxes deemed to 'hLye been paid 0, accrued under sections 902 and 960. (Section 1.901-1(a)(2) of the lotions.) The term "income, war profits. regu and excess profits taxes" includes a tax imposed by statute or decreeif: by )a foreign country or U.S. possession (I the country or possession has in force a general income tax law. (2) the corporation claiming the credit would in the absence of a specific pro. vision ' appi icabi e to the corporation, be subject to the general income t , and (3) the gene,at income tax is not tax; m cised on the corporation subject to such substituted tax. (Section 1. 903-1(a) of the regulations.) Any income, war profits, and excess profits. taxes paid or accrued to any foreign country in connection with the purchase and sale of oil or gas extracted in such country is not to be considered as tax for purposes of sec. tions 275(a) economic and 901 if: (1)t the taxpayer interest in he oil or gas has no to which section 611(a) applies, and (2) either such purchase or sale is at a price wh ichoildiffers gas from the fair market value for such or at the time of such purchase or sale. (Section 901(f).) A credit is not allowed for excess tax pay. ments to a foreign country with which the U S. has a tax treaty if such excess would be refunded by the foreign country if a tax treaty or overpaymen claim were made. N cred it ist allowed for amounts representing 0 interest or penalties. (Section 1.901-2(a) of the regulations.) For reduction in the amount of foreign for which a credit may . be claimed, see to General xes Instruction J. C Corporations aNot Allowed Creclit.The * cred is not flowed to: (1) a China Trade Actit corporation; (2) a domestic corpora tion entitled to the benefits of section 931; or (3) a regulated investment company which has exercised the election under sec. tion 853. (Section 1.901-1 of the regulations.) D. Taxes Against which Credit I. All-cf.-The st foreign tax credit is allowed againagainst not income tax imposed by chapter 1 but any: (1) minimum tax for tax
prefere nces imposed by section 56; (2) tax on premature distributions to owner. employees imposed for the taxable year under section 72(m)(5)(B); (3) tax on lump sum distributions imposed by section 402(e); (4) additional tax on income from certain retirement accounts imposed for the taxable year by section 408(f); (5) tax on accumulated earnings imposed by sect!on 531; (6) personal holding company tax imposed by section 541: (7) additional tax im1333 posed (el for the taxable year under section at ing to war loss recoveries); (8) additional tax imposed for the taxable year under section 1351 (relating to recoveries of foreign expropriation losses); (9) increase in tax under section 47 (relating to dispositions of investment credit property); (10) increase in tax under section 5OA(c) (relating to early termination by an employer in a WIN program); and (11) tax on certain capital gains of electing small business corporations im. posed by section 1378. Foreign i corporations i may not take the credit ago nst any tax mposed by section 881 on income not effectively connected with the Conduct of a trade or business wit h I n the U.S. E. No Deduction if a Credit is Claimed tIf a Icorporation elects for any taxable year ? c aim a credit for taxes to any extent, the election will apply to income, war and excess profits taxes paid or accrued profits, in the taxable year to all foreign countries and U.S. possessions and no portion of the tax will be allowed as a deduction in the taxable year or any Succeeding taxable year, (Sec. tion 1.901-1(c) of the regulations ) The election for any taxable yea~r may be made or changed at any time before the end of the period prescribed for making a claim for credit or refund of tax for the taxable year. (Section 901(a).) Members of an affiliated group electing under section 243 to deduct 100% of qualifying e dividends received from members of th same affiliated group are treated as one taxpayer for purposes of making elections under sections 901(a) and 904(b) (1). (Section 243(b)(3)(B).) F. When Foreign Tax Credit Can be Taken.-You can take the credit for the year in which the taxes were paid or accrued depending on the method of accounting used. However, if you report on the cash basis you can ele t to claim the credit for accr~rd taxes. Youccan make the election by checking the appropriate box in the heading for column 1 of Schedule B. This election must be followed in all subsequent years. (Section 905(a).) G. Credit for Tax Accrued But Not Paid.If you claim a credit for tax accrued ui but not paid, Internal Revenue may req re you to furnish a bond on Form 1117 as a condition precedent to the allowance of the.)credit. (Section 1.905-4 of the regulations H. Proof of Credits.-Payment or accrual of each item of foreign tax for which You claim a credit must be substantiated by
attaching to Form 1118 a receipt if the tax is paid, or the foreign tax return on which the taxif is based if the tax is accrued but not a foreign paid. such receipt or return is inmust also language, a certified translation be attached. Internal Revenue may accept of foreign taxes paid or secondary evidence accrued if it can be established to its satis. faction that if is impossible to furnish a receipt, return, or direct evidence of tax withheld. (Section 1.905-2 of the regulations.) Foreign taxes paid or accrued by a foreign corporation for which a deemed paid credit is claimed under section 902 or 960 must be similarly bstantiated. (Sections 1,9023(a)(6) and su 1.960-1(f) of the regulations.). 1. Credit for Taxes of Foreign Corporations Deemed to Have Been Paid.(1) Under Section 902-If a domestic corporation owns 10% or more of the voting stock of a foreign corporation (first-tier foreign corporation) from which it receives a dividend, the domestic corporation deemed to have paid a proportionate p is amount of the foreign income, war rofits, and excess d . . profits taxes.paid, accrued, or ee paid by the first-tier foreign cor. poration. med (Section 902(a).) If the first tier foreign corporation owns 10% or more ofthe voting stock of a secondbeirforeigdn, corporation frornwhich it receives adividen and the product of the percentage of voting stock owned by the domestic corporation in the first-tier foreign corporation and the percentage of voting stock owned by the first-tier foreign corporation in the sec. ond-tier foreign corporation equals at least 5%. the first-tier foreign corporation is deemed to have paid a proportionate amount of the foreign income, war profits, and excess profits taxes paid, accrued or deemed paid by the second-tier foreign corporation. (Section 902(b)(1).) If the second-tier foreign corporation owns 10% or more of the voting stock of a third-tier foreign corporation from which it receives a dividend, and the product of the percentage of voting stock owned by the domestic corporation in the first-tier foreign corporation, the percentage of voting stock owned by the first-tier foreign corporation in the second-tier foreign corporation, and the percentage of voting stock owned by the second tier foreign corporation in the thirdtier foreign corporation equals at least 5%, the second tier foreign corporation *is deemed to have paid a proportionate amount of the foreign income, war profits, and ex ess profits taxes paid or accrued by the third tier foreign corporation. (Section 902(b)(2).) You may not claim a credit under section 902 for taxes paid by a registered foreign investment company to which the election under section 1247(f) applies. (Section I 1247-4(b)(2)(vii) of the regulations.) ' For purposes of section 904, all foreign income taxes paid or deemed paid by a first-tier foreign corporation and deemCd paid. by the e domestic corporation under sec. tion 902, a deemed to have been paid to the foreign Country or U.S. possession under the laws of which such first tier foreign Corporation is created or organized. (Section 1.902-3(d)(2) of the regulations.) (2) Under Section 960(a).-If a domestic corporation is required under section 951 to include in gross income an amount attributable to the earnings and profits of a foreign corporation (first-tie, foreign corporation) of which it owns 10% or more of the 9 stock. or of a foreign corporation (second, votm tier foreign corporation) of which such first. corporation owns 50% or more tier foreign of the voting stock, the domestic corpora. tion is deemed to have paid a proportionate amount of the foreign income, war profits, and excess profits taxes paid, accrued or deemed paid by such first-tier foreign ~or-
poration, or paid or accrued by such secondtier foreign corporation. (Section 1.960-1(c) (1) of the regulations.) For purposes of section 904, all foreign taxes paid by a first-tier or second-tier foreign corporation and deemed to be paid by the domestic corporation under section 960(a) are deemed to have been paid under to t~: 1h foreign country or U.S. possession laws of which such first-tier foreign corporation, or the first-tier ti foreign corporation such second er foreign corporation, is creof ated or rgan ized. (Section 1.960-1(i)(2) of the regulations.) (3) Mixed Application of Sections 902 and 960(a).-Section 902(b)(1) applies to all dividends received by a first-tier foreign corporation from a second-tier foreign corporation (as defined for purposesof section b, 960(a)) other than dividends attri b.ta e to earnings and profits of such seco%illiehr for. eign corporation in respect of w ic In amount is, or has been, included in the gross income of a domestic Corporation under section 951 with respect to such second-tier foreign corporation. (section 1.960-2(b) of the regulations.) Section 902(a) applies to all dividends received by the domestic corporation for its taxable year from a first-tier foreign corpo. ration, other than dividends attributable to earnings and profits of such first-tier foreign corporation in respect of which an amount is, or has been, included in the gross income of a domestic corporation under section 951 with respect to such first-tier foreign cor. poration. (Section 1.960-2(c)(1) of the regulations.) If a first-tier foreign corporation for its taxable year receives from a second-tier foreign corporation (is defined for purposes of section 960(a)) dividends to which section 902(b)(1) applies and other d viderids to which section 902(b)(1) does not apply, then in applying sections 902(a) and 960(a) with, respect to the foreign income taxes deemed paid under section 902(b)(1) by such first-tier foreign corporation for such taxable year, the earnings and profits of the first tier foreign corporation shall be considered not to include its earnings and profits attributable to suc h other dividend from the second-ter foreign corporation, ands for purposes of so applying section 902(a), distributions to the domestic profitscorporation from such earnings and which are attributable to such other dividends from the second-tier foreign corporation shall not be treated as a dividend. (Section 1.9602(d) of the regulations.) (4) Corporations Treated as ForeignFor purposes of the deemed paid credit, the term "foreign corporation" includes: (1) a China Trade Act corporation, (2) a domestic corporation entitled to the benefits of sec. tion 931, and (3) a DISC or former DISC (as defined in section 992(a)), but only with respect to dividends from the Of or former DISC to the extent such dividends SC are treated under sections 861(a)(2)(D) and 862(a)(2) as income from sources without the U.S. (Section 901(d).) . (5) Dividend Gross-up.-Under section 78, taxes deemed paid by a domestic cor. poration under sections 902 and 960(a) with respect to distributions by a foreign rporation out of accumulated profits of Co a year in which the foreign corporation was not a less developed country corporation must be included in income as a dividend the gross up. (See Section 1.960-3(b) of regulations for exceptions.) See section 902(d) for the definition of a less developed country corporation. A DISC or former DISC is not considered
Page 2
a less developed country corporation for are for Western Hemisphere trade corpora. purposes of section 902. (Section 1.902-4 tions, but only to the extent such foreign (a)(2)(iii) of the regulations.) taxes do not exceed the U.S. taxes that would be imposed on such corporations if J. Reduction in Foreign Taxes.they were not Western Hemisphere trade (1) Taxes on Foreign Oil and Gas Extraction Income.-The amount of any corporations. The reduction is adjusted if the W:stern Hemisphere trade corporations are foreign taxes paid, ed, deeD ed aid at o regulated public utilities. (Section in any taxable year'cc'u end n orfte me pb 1503(b).) 31, 19?4 with respect to foreign oil and iga If a Western Hemisphere trade corporation extraction income which may be taken ntoS is a member of an affiliated group, and de. account for purposes of section 901 must nyes foreign oil and gas extraction income be reduced by the amount (if any) by which for the taxable year, the reduction for for. the amount of such taxes exceeds the prod. eign taxes with respect to such income is the uct of the amount of foreign oil and gas greater of the reduction determined as detraction income for such taxable an % scribed above applied separately to such the applicable percentage from yeair Section taxes or the reduction determined as de. 907(a)(2). (Section 907(a).) scribed instruction J(1). (Section in For computation of the reduction, See 907(g).) separate Schedule F, Form 1118. (5) Failure to furnish return required (2) Taxes on Foreign Oil Related income under Section 6038-For each failure of a Treated as Income from Sources within the domestic corporation to furnish any return U S.-For any taxable year ending after Deor any information in any return required cember 31, 1975 taxes paid, accrued, or under authority of section 6038 on or before deemed paid in such taxable year to a the prescribed date, in the application of foreign country with respect to foreign oil sections 902 and 960, all taxes paid or related income must be reduced ~y an deemed paid by all foreign corporations C n. amount which bears the same proportion to trolled by such domestic corporation must foreign taxes the total amount of such as be reduced by 10%, and in the application the amount S of foreign oil related income of section 901 all taxes paid or deemed paid treated a income from sources within the (except taxes deemed paid under section U.S. under section 907(f)(1)(A), concerning 904(d) and taxes reduced in the application recapture of foreign oil related losses, bears of sections 902 and 960) by such corpora. to the total foreign oil related income for tion must be reduced by 10%. If such failure such taxable year. (Section 907(f)(1)(B).) continues for 90 days or more after the date of written notice by Internal Revenue to such (3) taxes on foreign mineral income.domestic corporation, the reductions are The amount of any income, war profits and 10% plus 5% for each three month period excess profits'taxes paid or accrueiti, or or fraction thereof during which such failure deemed paid during the taxable year to any continues after expiration of the 90-day foreign country or U.S. possession with reperiod. (Section 1.6038-2(1) of the regu. spect to foreign mineral income derived from lations.) sources within such country or possession must be reduced by the lesser of (a) the K. Limitation on Creditamount of such foreign taxes minus the The credit is limited to a percentage of amount of U.S. tax computed under Chapter total U.S. income tax again~t which the the 1 of the Code with respect to such foreign credit is allowed. The computation must be mineral income, or (b) the amount of U.S. made by using either the per-country limita. tax which would be computed under Chapter tion or the overall limitation. 1 of the Code with respect to such foreign (1) Per-country limitation.-If the overall mineral tion for income without regard to the deduclimitation is not elected, the per-country percentage depletion under section limitation applies. Under the per-country 613 minus the amount of U.S. tax computed limitation, the credit is computed separately under Chapter I of the Code with respect to for each foreign country and U.S. possessuch foreign mineral income. The reduction sion. The credit is limited to that percentage must be made on a country-by-country basis, of the total U.S. income tax against which irrespective of the limitation method used. the credit is allowed which taxable income (Section 1.901-3(a)(1) of the regulations.) from sources within each country or posses. The reduction applies only if a deduction sion i(but not in excess of total taxable in. for percentage depletion under section 613 come is of total taxable income. (Section wa allowed with respect to ai~y part of such 904(a)(1).) foreign s mineral income. (Section 1.901-3(a) (2) Overall limitation.-If the overall limi. (3)(i) at the regulations.) tation is elected, the credit is limited to that A schedule must be attached showing percentage of the total U.S. income tax the computation described in (a) and (b) tagainst which the credit is allowed which above of the foreign and U S. tax with re1: axable U S (butincome from sources without the spect to foreign mineral in' ~me. (Section not in excess of total taxable in1.901-3(a)(3)(iv) of the regulations.) c come) , , (is of total taxable income. (Section (4) Affiliated groups which include one or 904(a) 2).) more Western Hemisphere Trade Corpora(3) Election of the overall limitationtions.-If an affiliated group which includes ~ The tion initial election to use the overall limita. one or more Western Hemisphere trade cor. may be made by checking the appropriporations files a consolidated return and ate box at the top of Schedule B. The initial elects the overall limitation, the amount of election may be made (or revoked) without taxes paid or accrued to foreign countries the Commissioner's consent at any time and U.S. possessions by such Western Hemibefore the end of the period prescribed for sphere trade corporations must be reduced claiming a credit or refund of taxes for the by the amount (it any) by which the smaller taxable year for which the election is made. of (a) the amount of such taxes or (b) the Once the initial election has been made and amount of tax which would be computed the period prescribed for making such elec. under section 1503(a) if such corporations tion has expired, it may not be revoked with. were not Western Hemisphere trade cor. out the Commissioner's consent. porations with respect to the portion of the (4) Separate Limitations for: (I ) Foreign consolidated taxable income attributable to Oil Related Income, (2) Section 904(t) Inter. such corporations. exceeds the amount of est Income, and (3) Dividends from a DISC tax computed unde~ section 1503(a) with or Former DISC.-In computing the credit. respect to the portion of the consolidated for (1) foreign taxes paid, accrued. or laxable income a ributable to such corpora. deemed paid with respect to foreign oil reions. The resultitof such reduction is that lated income (in taxable years ending after the foreign taxes which may not be credited December 31, 1974). (2) foreign taxes paid are the taxes in excess of what the U.S. taxes or accrued with respect to interest income
dFscribed in section 904(f)(2), and (3) for. algir taxes paid, accrued, or deemed paid under section 902 with respect to dividends from a DISC or former DISC, limitations separate from all other income must be applied. (Sections 904(f) and 907(b).) The separate limitation for foreign oil related income must be applied on an overall basis in taxable years ending after Decem. ber 31, 1975. The separate limitation for section 904(f) interest must be applied on a per-country baSi s: The overall limitation cannot be used. (Section 1.904-4(a)(1) of the regulations.) The separate limitation for dividends from a DISC or former DISC is applied to the ag. gnagMe such dividends received in the taxable DISCS. of year from all DISCS and former (Section 904(f)(5).) (5) Increase in Limitation under Section 960(b).-The applicable limitation under section 904(a) may be increased under section 960(b) in a taxable year in which you recent a distribution of earnings and prof. its in respect of which you were required under section 951 to include an amount in gross income for a prior taxable year See sectio 960 and section 1.960-4 oi the regulations for computation of the increase in the applicable limitation. L Carryback and Carryover of Excess Taxes PaidTaxes paid or accrued, or deemed paid under sections 902 and 960, to any foreign country or U.S. possession (reduced as de. scribed in General Instruction J) in excess of the applicable limitation may be carried back 2 years and then forward 5 years. The excess must first be applied to the earliest Of the 7 years to which it may be carried, then to the next earliest year, etc. (Section 904(d).) a credit was not claimed in a taxable year If to which the excess is carried, the ex. cess is considered used in such year in the same manner as though a credit had been claimed. (Section 1.904-2(d) of the regulations.) . rp The carryback and carryover provi sions us" be applied separately to the excess withI respect to: (1) foreign oil related income (in 'xabfe . years ending after December 31, 1974) (2) interest income described in sac tion 904(t)(2). (3) dividends from ~ DISC or former DISC, and (4) all other( income from f)Sources without the U.S. Sections 904( (1) and 907(b).) The excess is computed on an overall basis in taxable years in which the overall limitation applies. (Section 904(e)(1).) coThe excess may not be carried from a per. untry year to an overall year or vice versa (except as provided in section 907(e) and the regulations under section 904(f)). However, the years to which the excess may not carriedcounted because a different limitation was be used are in determining whether a carryback or carryover is available. (Section 904(e)(2).) See section 907(e) for special rules affect. ing the carryover from taxable years ending before January 1, 1975 to any taxable year ending after December 31, 1974. T.M. Foreign Corporations Claimingforeign x Credit.-Secti.n 906 allows foreign cor. porations a foreign tax credit for income, war profits, and excess profits taxes paid or accrued (or deemed paid or accrued under section 902) to any foreign country or U.S. . possession with respect to income effec Lively connected with the conduct of a trade or business within the U.S. The credit is not applicable, however, to the extent the tax is imposed by a foreign country or possession on income from U.S. sources solely because the foreign corporation was created or or. ganized under the law of the foreign country or possession or is domiciled there for tax purposes.
In applying the per-country and overall limitations, taxable income includes only that taxable income which is effectively connected with the conduct of a trade or business within the U.S. The credit cannot be taken against any tax imposed by section 881 on income not effectively connected with a U.S. business, ( For purposes of section 902(a)I relating to tax deemed to have gross.up been paid and Sec, of tion 78 (relating to dividends), a foreign corporation claiming a foreign tax credit will be treated as a domestic corporation. N. Method of Reporting.-Report all amounts in U.S. dollars. If it is necessary to convert from foreign currency, attach a statement explaining how you determined the rate.
Specific Instructions for Schedules A through E A separate Form 1118 must be filed in taxable years ending after December 31, 1974 for the credit with respect to: (1) foreign oil related income and (2) all other income from sources without the U.S. Indicate by checking the appropriate box at the top of Schedule A which type of income the credit is being computed for. Schedule A.-Taxable Income or (Loss) from Sources Without the U.S. The determination of gross income, applicable deductions, and taxable income from sources without the U.S. and within each foreign country or U.S. possession must be made in accordance with sections 638, 861 through 864, and 907(f) and the regulations thereunder and applicable tax treaties. If the overall limitation ist elected, all income from sources without must he U.S,, including high seas income, be taken into account. High seas income must be shown separately and properly identified or All applicable columns in Schedule ' A ust be completed line by line including the "Totals" line, irrespective of the iimitaLion used. In columns 2 through 9 report all gross income or (loss) fro. sources without the U.S. except: (1) gross income of foreign branches, and (2) gross income from activi ties described in section 863(b). In columns11 and 12 report all deductions applicable to gross income reported in columns 2 through 9 Sea the instructions for columns 14 and 15' for treatment of income of foreign branches and section 863(b) income, respectively. In completing Schedule A for foreign oil relatedincome. report only gross income and deductions applicable to the determination of foreign oil related income. Column 1-Enter the names of all foreign countries and U.S. possessions within which income is sourced. and/or to which taxes are paid. accrued, or deemed paid. Column 2.-Report all dividends (before gross-up) from sources without the U.S., includiriR constructive distributions under section 951. See section 861(a)(2)(A) for treatment of dividends from a domestic corporation entitled to the benefits of sec. tion 931 and from other domestic corpora tions less than 20 Percent of whose gross income is derived from sources within the U.S. See section 861(a)(2)(S) for treatment of dividends from a foreign corporation 50 percent or more of whose gross income of was effectively connected with the conduct a trade or business within the U.S. Dividends from DISCS or former DISCS to the extent such dividends are treated uo~ler sections 861(a)(2)(0) and 862(a)(2) as in. come from sources without the U.S., must
be reported on the separate "DISC Divi. dends" line. Column 3.-Enter the dividend gross-up for taxes deemed paid. See General Instruction 1(5) for an explanation of the dividend gross-up, Column 4.-Enter section 904(f) interest by country on the "Section 904(f) Interest" lines. If interest is excluded from section 904(f) interest by virtue of sections 904(f) (2)(C) or 904(f)(2)(D), a schedule must be attached showing in sufficient detail the manner in which the 10% direct or indirect ownership requirements are met. (Section 1.905-2(c) of the regulations.) Column 6-Include gross income, whether in the form of compensation, commis. sions, fees, or otherwise, derived from the performance of technical, managerial, engineering, construction, scientific or similar services. Do not include gross income from services performed through a foreign branch, Column 9-Include all other gross income from sources without the U.S., except gross income of foreign branches and gross income from activities described in section 863(b). Attach a schedule identifying the gross income by type and by foreign country or U.S. possession of source. Column 11(d).-Include all other deduc. tions definitely allocable to income from sources without the U.S. (dividends, interest, etc.) except deductions allocable to in. come of foreign branches and section 863(b) income. Column 12-Section 862(b) provides that a ratable part of expenses, losses, and other deductions which cannot definitely be allocated Ito some item or class of gross in. come Sha I be deducted from gross income from sources without the U.S. in arriving at taxable income from sources without the U.S. Report in column 12 only that ratable part which applies to gross income reported in columns 2 through 9. Attach a schedule showing in detail the determination of this ratab:e part. Co umn 14-Attach a schedule showing in detail the determination oftaxable inco or (loss) of each foreign branch. The sched. cme ule should include, for each foreign bran In, an income statement, balance Sheet, and schedule of midyear remittances. Column 15-Section 863(b) and the regulations thereunder provide special rules for determining taxable income from sources without the U.S. with respect to gross in. come derived partly within and partly without the U.S. Report in column 15 taxable income or (loss) apportioned to sources without the U.S under these special rules. (Taxable income of foreign t1branches from sources without the U.S. de ermined under these special rules should be reported in column 14, not column 15.) Attach a sched. ule showing gross income, definitely at. locable deductions, the ratable part of do. ductior~a not definitely allocable, and the apportionment of taxable income to sources within and without the U.S.
Schedule B.-Foreign Taxes Paid or Accrued and Deemed to Have Been Paid, and Computation of Foreign Tax Credit Columns 1 through 5 must be completed line by line, including the "Totals" line, ir. respective of the limitation method used. If Ithe overall if,itanon is used, complete only ,he "Totals." "Section 904(f) Interest," and 'DISC Dividends" lines in columns 6 through 14. If the per country limitation is used, complete all lines except the "Totals" line
Page 3
in columns 6 through 14. See General Instruction K for an explanation of the limitation. In completing Schedule B for foreign oil related income, report only taxes paid or accrued and deemed to have been paid with respect to foreign oil related income. For taxable years ending after December 31, 1975 the per country limitation cannot be applied1 to foreign oil related income. (See General Instruction K(4).) Column 1.-If you claim a credit fortaxes accrued, show both the date accrued and the date paid (if paid). (See General Instruction F.) Column 2-Enter the type of tax (income, war profits, or excess profits). Column 4.-Enter foreign taxes paid or accrued on the line for the country or U.S. possession imposing the tax. Report all amounts in U.S. dollars. If amounts were conve rited from foreign currency, attach a s hedule showing in detail how the converslon c rates were determined. See General Instruction H for proof of credits required Include in column 4(g) tax withhelti at source a income other than dividends, inter st, rents, royalties, and license fees, and all other foreign taxes paid or accrued. Do not include a taxes deemed to have been paid, which rai reported in column 5. Column S.-Enter the tax deemed to have been paid to each foreign country or U.S. possession from column 11, Schedule C. Enter the total amount of taxes deemed to have been paid with respect to dividends from DISCS and former DISCS on the "DISC Dividends" line. Column 6.-See General Instruction J for an explanation of the reduction for taxes under sections 901(e), 907(a), 1503(b), and 6038. If taxes F~ are reduced under section 907(a), Schedule Form 1118) must be completed. Report in column 6 the reduction for taxes under section 6038 not already reduced in the ap lication of sections 902 and 960(a). Column P 7-See General Instruction L for an explanation of the carryback and car. ryover provisions. A schedule must be attached showing detail computation of the carryback and car. ryover. (Section 1.904-2(f) of the regula. tions.) Column 8-If you use the per-country limitation, add columns 4(h), 5.if tand 7 and subtract column 6 line by line. he overall limitation is used, perform the calculations only on the "Totals." "Section 904(f) Interest" and "DISC Dividends" lines. Column 9.-If you use the aper"country limitation, copy line by line th entries in column 16, Schedule A. Do not complete the "Totals" line. If the overall limitation is used, copy only the entries on the "Totals," "Section 904(f) Interest," and "DISC Dividends" lines in column 16, Schedule A. Column 10-If you use the per-country limitation, enter on each line total taxable income (after net operating loss and special deductions) from all sources. If the overall Ilimitation is used, make the entry only on he "Totals," "Section 904(f) Interest," and "DISC Dividends" lines. Column II-If you use the per-country limitation, the ratio of column 9 to column 10 must be computed line by line. If the overall limitation is used compute the ratio only for the "Totals," "Section 904(f) Interest," and "DISC Dividends" lines. co In computing the ratio(s), if the entry in lumn 9 exceeds the entry in column 10 for any line, enter a one (1) in column I I for that line. (See General Instruction K.) I, Column 12-1 use the per country i mitation, xenter on 1 you each line the total U.S. ncome ta (before credits) against which the credit is claimed. Do not make an entry
Page 4
on the "Totals" line. If you use the overall limitation, make the entry only on the "Total," "Section 904(f) Interest," and "DISC Dividends" lines. See General Instruction D for taxes against which a credit may be claimed. Column 13-If you use the per-country limitation, the product of columns 11 and 12 must be computed line by line. If the overall limitation is used, compute the product only for the "Totals," "Section 904(f) Interest," and "DISC Dividends" lines. Column 14 -if you use the per-country limitation, enter for each line the amount in column 13 or column 8, iswhichever is less. used, make the If the overall limitation entries only for the "Totals", "Section 904(f) ..:ines Interest," and "DISC Dividends" sum of the individ amounts Enter the in Column 14 in the "Total Foreign Tax Credit" line. If you derived no foreign oil related income in the taxable year, this sum should be entered on your tax return. If you did derive foreign oil related income in the taxable year, enter on your tax return the sum cif the amounts in the "Total Foreign Tax Credit" line from the Form 1118 filed for foreign oil related income and the Form 1118 filed for all other income derived from sources without the U.S.
cumulated profits the dividends were paid. In making the determination, Internal Revenue will, unless it is otherwise established to its satisfaction, treat any dividends which are paid in the first 60 days of any taxable year as having been paid from the accumu. lated profits of the preceding taxable year or years, and will treat dividends which are paid after he first 60 days of any taxable year as having been paid from the most recently accumulated profits. Column S.-For dividends paid by a for. eign corporation out of accumulated profits of a year for which the foreign corporation was a less developed country corporation, disregard the instruction in the column heading and enter the amount determined by imultiplying column 5 by column 6 and adivding the result by the gains, profits, no income for the year. The gains, profits, and income is de. termined by the gains, profits, and income froin all sources. whether or not subject to foreign tax, for the year from which the divi. dends (column 7) were paid.
Schedule C.-Computation of Ttaxes Deemed to Have Been Paid by Domestic Corporation Filing this Return
Column I.-Enter the name of the second-tier foreign corporation. Column 2.-If dividends are from the ac. cumulated profits of more than 1 year, the tax deemed to have been paid must be computed and shown on a separate line for each year. Column 5.-Same instructions as Schedule C. Column 7-Enter the amount of dividends paid by the second-tier foreign corporation to the first-tier foreign corporation to which section 902(b)(1) applies. (See General Instruction 1(3).) Column B.-Same instructions as Schedule C. Column 11-Carry the amount of tax deemed to have been paid to Schedule C. column 9 and enter on the line for the related first-tier foreign corporation.
Column 2.-If dividends are from the ac. cumulated profits of more than I year, the tax deemed to have been paid must be computed and shown on a separate line for each year. Computations under section 902(a) and 960(a) for a first-tier foreign corporation, even though for the same year, must be made on separate lines. Further, separate lines must be used for putations under section 902(a) and 960(a) com with respect to the foreign income taxes deemed paid by a first-tier foreign corporation I under section 902(b)(1). (See Genera Instruction 1(3).) Column 3.-If computation is for a second tier foreign corporation under section 960(a), also indicate (in parentheses) the country of incorporation of the first-tier foreign corporation of such second-tier for. eign corporation. Column 5.-See General Instruction H for proof of credit required, amL General Instruction J(5) for reduction offoreign taxes for failure to furnish information reqluired under section 6038. Column 6.-See General Instruction 1(3) for exclusions from the earnings and profits of a first-tier foreign corporation for purposes of applying sections 902(a) and 960(a) with respect to the foreign income taxes deemed paid by such first-tier foreign corporation under section 902(b)(1). Column 7-Enter the amount of divi. dends (1) paid or constructively distributed to by the related foreign corporation the domestic corporation, (2) paid by the related domestic corporation to the domestic corporation, and (3) paid or deemed ifis, tributed by the DISC or former DISC to the domestic corporation. See General Instruction 1(3) for certain distributions made by a first tier foreign corporation to the domestic corporation which are not treated as dividends for purposes of ap. plying section 902(a) with respect to the for. eign income taxes deemed paid by such first tier foreign corporation under section 902(b)(1). For purposes of section 902, Internal Rev,nue inay determine from which year's ac. * ----c.r --- o-oc :1 -57-15
Schedule D-Computation of Tax Deemed to Have Been Paid by First-tier Foreign Corporations
Schedule E.-Computation of Tax Deemed to Have Been Paid by Second-tier Foreign Corporations Column I.-Enter the name of the thirdtier foreign corporation. Column 2-S-e instructions as Schedule D. Column S.-Same instructions as Schada C. Column 7.-Enter the amount of divi. dends paid by the third-tier foreign corpo. ration to the second-tier foreign corporation. Column B.-Same instructions as Schedule C. Column 10-Enter the amount from column 8. I Column I.-Carry the amount to of tax deemed to have been paid Schedule D, column 9 and enter on the line for the related second-tier foreign corporation.
Schedule F.-Computation of Reduction of Foreign Taxes on Foreign Oil and Gas Extraction Income Attach Schedule F (Form 1118) if you derived any foreign oil and gas extraction income during the taxable year.
Section 6
Index
231
*Asterisk denotes textual reference
Accounting periods, 1*, 2, 3, 106, 149*, 150*, 168*, 170*, 178* Classifications by, 29 3, 106 Defined, 1*, 149* Accounts payable, 22-41, 125, 126, 130-133, 137-139, 149*, 175* Accumulated amortization, 22-41, 125, 126, 130-132, 137-139, 161*, 162*, 170*, 175* Accumulated depletion, 22-41, 125, 126, 130-132, 137-139, 153*, 170*, 175* Accumulated depreciation, 22-80, 116, 117, 125, 126, 130-132, 137-1399 154*, 162*, 175* Active corporation returns defined, 171* Additional tax for tax preferences, 4, 22-80, 90-115, 137-139, 149*, 150*, 158*, 161*-163*, 171*, 174*, 176* Advertising, deduction for, 22-41, 125, 126, 130-132, 137-139, 149*p 153*, 157* Affiliated corporations. (See Consolidated Returns.) Allowance for bad debts, 22-41, 125, 126, 130-132, 137-139, 149*, 150*, 164*, 168*, 175* Alternative tax, 107-111, 160*, 161*, 165*, 168* Amortization, accumulated, 22-41, 125, 126, 130-132, 137-139, 161*, 162*, 170*, 175* Amortization, deduction for, 2241, 125, 126, 130-132, 137-139, 149*, 150*, 154*, 161*, 162*, 164*, 174* Annual returns, defined, 150* Appropriated retained earnings. (See Retained earnings, appropriated.) Assets, 2, 5, 6, 13-80, 86-89, 125, 126, 130-132, 133, 137-139, 175* Depletable, 22-41, 125, 126, 130132, 137-139, 153*, 164*, 166* Depreciable, 13-80, 116-124, 125, 126, 130-132, 134-139, 150*, 153*, 154*, 162*, 166* Intangible, 22-41, 125, 126, 130-132, 137-139, 154*, 161* 162* Other, 22-41, 1259 126, 130-1329 137-139, 161*, 168* Other current, 22-419 125, 126, 130-132, 137-139, 165*, 168* Sales or exchanges of, 165* Zero. (See Zero assets defined.) Assets (or liabilities), total, 2, 5, 6, 13-80, 86-89, 116, 117, 125, 126, 130-133, 137-143, 171*, 175*, 176*, 178*
By industry groups, 13-37, 86-89, 125, 126, 130-133, 137, 140, 141 Consolidated returns, 6, 137-139 Defined, 175* Domestic International Sales Corporation returns, 130-133, 156*, 157* Returns with net income, 30-37, 40, 41 Size classifications, 5, 6, 38-75, 126-129, 136, 138, 139, 142, 143, 171*, 176*, 178* Small Business Corporation returns, 125, 126
Bad debts allowance, 22-41, 125, 126, 130-132, 137-139, 149*, 150*, 164*, 168*, 175* Bad debts, deductions for, 22-41, 125, 126, 130-133, 137-139, 149*, 150* Bonds, Government. (See Government obligations, investment in. ~ Bonds, notes, mortgages payable, 22-80, 125, 126, 130-133, 137-139, 165* Book net income (or deficit), 8185, 150*, 151*, 162*, 170*, 174* Business deductions, 22-80, 125, 126, 130-132, 137-139, 149*, 157*, 158*, 161*, 162*, 167*170*, 172*, 174*, 175* Business receipts, 4, 13-80, 86899 116, 117, 125-132, 137-139, 151*-153*, 161*, 167*, 170*, 171* By industry groups, 13-37, 42-80, 86-89, 125, 127-129, 137 Consolidated returns, 137-139 Defined, 151*, 152* Returns with net income, 30-37, 40, 41 Size classifications, 76-80, 171* Small Business Corporation returns, 125-129, 171*
Calendar year returns, 2, 3, 150*, 178* Capital assets defined for capital gain purposes, 165*, 166* Capital gains or losses: Defined, 165*, 166* Net long-term capital gain reduced by net short-term
capital loss, 22-41, 107115, 125, 126, 130-132, 137-139, 149*, 160*, 161*, 164*-168*, 171*, 172* Taxed at alternative rates, 90115, 149*, 160*, 161*, 164*166*, 168*, 171* Net short-term capital gain reduced by net long-term capital loss, 22-41, 125, 126, 130-132, 137-139, 165*, 166* Tax treatment of, 149*, 160*, 161*, 164*-166*, 168*, 171*, 172* Capital stock, common or preferred, 22-41, 125, 126, 130133, 137-139, 152*, 153*, 168*, Capital surplus, paid-in or, 22-41, 125, 126, 130-133, 137-139, 168*, 170* Cash, 22-41, 125, 126, 130-132, 137-139, 152* Class life asset depreciation range (CLADR) system, 134-136, 154*, 155*, 170* Coefficient of variation, 13-21, 107-111, 177*-180* Compensation of officers, deduction for, 22-41, 125, 126, 130-132, 137-139, 152* Consolidated returns, 6, 134-1399 151*, 152*, 155*, 158*, 161*, 162*, 171*, 172* Constructive taxable income from related foreign corporations, 2241, 90-105, 137-139, 144-147, 152*, 156*, 157*, 160*, 167*, 175* Contributions or gifts, deduction for, 22-41, 125, 126, 130-133, 137-139, 152* Controlled Foreign Corporations: Foreign dividend income resulting from foreign taxes deemed paid, 90-105, 144-147, 151*, 152*, 156*-158*, 160*, 167*, 174* Includable income of, 90-105, 130-133, 144-147, 152*, 156*160*, 167* Controlled groups. (See Members of Controlled Groups.) Corporation, defin'jd, 1* Cost of goods sold. (See Cost of sales and operations.) Cost of sales and operations, deduction for, 4, 13-80, 125, 126, 130-133, 137-139, 149*, 152*, 153*, 157*, 170*, 174*, 175*
232 Cost of Treasury stock, 22-41, 125, 126, 130-133, 137-139, 153*, 168*, 169* Credits: Foreign tax, 4, 7*, 13-85, 90117, 137-139, 144-147, 149*, 157*-159*, 161*-164*, 172*, .174*, 176*, Investment, 4, 7*, 8*, 13-8o, 90-124, 137-139, 144-147, 149*, 152*, 161*-164*, 171*, 172*, 174*, 176* Work incentive, 4, 8*, 22-8o, 90-115, 137-139, 144-147, 149*, 161*, 162*, 171*, 172*, 174*176*
Deductions. (See also each type of deduction): Business, 22-80, 125, 126, 130.132, 137-139, 149*, 157*, 158*, 161*, 162*, 167*-170*, 172*, 174*, 175# Dividends received, 130-133, 156*,' 171*-173* Other, 4, 22-41, 125, 126, 13013?, 137-139, 150*, 152*,.166*, 169* Preferred stock of public utilities, 160*, 172*, 173* Statutory special, 90-106, 112115, 130-133, 160*, 167*, 168*, 172*, 173* Total, 4, 22-41, 125, 126, 130133, 137-139., 175* Western Hemisphere Trade Corporation, 90-106, 112-115, 144-147 I 157*, 172*, 173* ' Deficit, 2, 4, 13-29, 38, 39, 90111, 130-133, 137-139, 167*, 171*-174* By industry, 13-29, 90a-105, 130132 Size classifications, 107-111, 171*,'178* Depletable assets, 22-41, 125, 126, 130-132, 137-139, 153*, 164*, 166* Depletion, accumulated, 22-41, 125, 126, 130-132, 137-139, 153*, 170*, 1754 Depletion, deduction for, 22-41, 125., 126, 130-132, 137-139, 149*, 153* Depletion rates, 4*, 5* Depreciable assets 13-80, 116-126, 130-132, 134-139," 150*, 153*,' 154*, 162*, 166* Depreciation, accumulated, 22-8 0, 116, 117, 125~, 126, 130-132, - 137139, 154*, 162*, 175* Depreciation, deduction for, 13-80, 116-126, 130-1399 149*,-150*, 154*, 155*, 161,*, 165 170*t 174* DISC. (See Domestic International Sales Corporations, Form 1120-DISC.) Distributions to stockholders: Cash and property except own stock, 4, 13-80, 125-132t 137-139, 155*
Corporation Returns/1975 e Index Corporation's own'stock, 22'--41, 125, 1264 137-139 Defined, 155* Form 1120-DISC', 130~1321 155* Form 1120SI_125-i~9, 155* Dividends paid. (See Distributions to stockholders.), Dividends paid on certain public. uftlity stock,* deduction for, 160*, 172*, 173* Dividends received: Deduction for., 130-133,I 156., 160*, 171*-173* . Foreign dividend income resulting from,foreign taxes deemed paid, 90-105, 144-147, 151*, 152*,-156*-160 167*, 174* From DISC,1or former--:DiSC,-'90-*' 105, 144-147, 155*1 156*1 1~8*, 172*, 173* From Domestic corporations, 22-41, 90-105, 112-115,~ 125, 126, 130-132, 137-139, 155*, 156* From foreign corporations, 22-41, 907105, 112-1159 125, 126, 130132, i37-139, 144-147, 156*160*, 173* Includable income of Controlled "Fgreigh'.Corporati6ns, 90-105, 130-133 144-14T,, 152*, 156*160*, 1~71* Qualifying div idends,,100 percent " of affiliated ' groups, section 1564(b), 907105, 173* Domestic dividends, 22-41, 967105, 112-115, 125, 126, 130-132, 137-, 139, 155*9 156* - Domestic International Sales Corporations, Form 1120-DISC, 1*, 4, 5*1 90-105, 130-132 144-147,. 149*, 151*-153*, 15;*,-162*, 166*-170*, 112*-~174*; 177*-179*
Employee benefit programs, ' ~ deduction for"contributions t o, -~*, 22 -86 ~125, '~26, '.130132, 137-143, ' 153*, 157*, 170* Employed pension, profit-sharing, stock bonu6i'and annuity plans, deducti6n.f or contributions to, 22-80, 125, 126, )30-132$ 137-14j, 153*, 157*, 170*
Fiscal or noncalendar year returns. (See Accounting periods.) Foreign corporations, 1*, 177* Form 1120F, 177* Constructive taxable income -'frbm related foreign corpo. ,ratioris, 22-41, 90'105'1`137~-. 139, 144-147, 152*, 156*158*, 160*f 167*1 175* Dividends received from. (See Dividends received.)'' Includable income of Controlled Foreign'(forporations, 90-105, 130-1j3, 144-147, 152*, 156*158*, 160*, 167*, 174*
Foreign dividend income resulting from foreign taxes deemed paid, 90-105, 144-147, 1510', 152*, 156*-158*, 160*, 167*, 174* Foreign tax credit, 4, 7*, 13-85, -90-117, 137-139, 144-147, 149*, 157*-159*, 161*-163*, 171*, 172*, 174*1- 176* Form 1120S. (See Small Business Corporations.) Forms, facsimiles of returns: Form 1120: U.S.-Corporation income tax return, 182-187 Schedule D, Form 1120: Capital gains and losses, 188 Form 1120-DISC: -Domestic Inter-' national Sales Corporation return, 189~195 Form 1120F: U.S. Income tax return of foreign'corporation, 196-202 Form 1120L: U.S; Life insur~ ance company income,tax return, 203-209 Schedule D, Form 1120L: U.S. Life insurance company sales or.exchanges of property, 210-211 Form 1120M: U.S. Mutual insurance company income tax I . return, 212-217 .Form 1120S: U.S. Small Business Corporation income tax return, 218-223 Schedule D, Form 1120S: Capital gains and losses, 224 Computation of Form 3468: investment credit, 224, 225 Computatibn. of.For 7 Form"ill8: eign Tax'Credit-Corporations, 226-229
Gain, net capital, 22-41, 106-113,' 125, 126, 130-133, 137-139, 149",, 161*, 165*, 166*, 168*, 169*, 171*, 172* Gain, net, sales of noncapital assets, 22-41, 125, 126, 130133, 137-139, 151*, 153*, .16.5*167*, 169*, 171* Gifts, deduction for contributions or, 22-41, 125, 126, 130-133, 137-139,-152* Government obligations, investment. in, 22-41,. 125, 126, 130-132, 137-139, 164* Gross receipts of DISC and related U.S. persons, derived outside United States, 130-132, 156*, 159* Gross receipts of the DISC from all sources, 130-132, 156*, 159* Gross receipts from sales and operations. (See Business receipts.)
0
233
Corporation Returns/1975 a Index Inactive corporations returns, 1*, 4, 168*, 171* Includable income of Controlled Foreign Corporations, 90-105, 130-133, 144-147, 152*, 156*160*, 167* Income. (See Inc2Te r SE d NHCM0 and tax, Net income each type of receipt.) Income resulting from foreign taxes deemed paid, 90-105, 144-147, 151*, 152*, 156*-158*, 167*, 174* Income subject to tax. (See also Statutory special deductions.), 4, 13-80, 90-115, 137-139, 144-147, 160*, 168*2 172* By industry groups, 13-37, 42-80, 90-105, 137, 144-147, By size of income tax after credits, 114, 115 By size of income tax before credits, 112, 113 By size of income taxed at normal tax and surtax rates, 107-111 By type of tax, 107-111 Defined, 160* Real estate investment trusts, 149*, 160* Regulated investment companies, 149*, 160* Small Business Corporation returns, 90-105, 160*, 172* Income tax, 2, 3*, 4, 6, 22124, 134-139, 144-147, 149*, 160*, 161*, 164*, 168*, 171*, 172*, 174*, 175 Additional tax for * tax preferences (minimum tax), 4, 22-80, 90-115, 137139, 149*, 150*, 158*, 161*163*, 171*, 174*, 176* After credits, 4, 6, 90-111, 114, 115, 144-147, 149*, 171* Alternative tax, 107-111, 160*,. 165*, 168* Credits against. (See Credits.) From recomputing prior year investment credit, 4, 22-41, 90-115, 118-124, 137-139, 160*163*, 171*, 173*, 174* From recomputing prior year work incentive (WIN) credit, 4, 2241, 90-115, 137-139, 160*, 161*, 171*, 174*-176* Normal tax, surtax, and alternative tax, 4, 22-41, 90106, 112-124, 137-139, 144-147, 160*, 161*, 168*, 171* Paid by real estate investment trusts, 149*, 160*-162* Paid by regulated investment companies, 149*, 160*-162* .Personal holding company tax, 158*, 161f, 162*, 176*, Provision for Federal income tax, 81-85, 170* Rates, 149*, 160*, 161*, 168*, 172* Regular tax, 107-111, 149*, 174* (See Table - classifications. Guide to tables, page v.)
Income taxed at normal tax and surtax rates, 90-113, 168* By accounting period, 106 By industry, 90-105 Size classifications, 107-111 Income taxed through stockholders, (See Small Business Corporations.) Industrial classification: Comparison with Enterprise Standard Industrial classification, 161* Comparison with Standard Industrial Classification, 161* Defined, 161* Industry statistics, 13-37, 42105, 118-125, 127~132, 134, 135, 137, 140, 1,41, 1447147, 161* By size of business receipts, 76-80 By size of total assets, 42-75, 127-129 Sampling variability of estimates, 13-21 Insurance companies: Life (Form 1120L), 149*, 152*, 157*, 160*, 167*, 168*, 170*172*, 175*, 177* ' Mutual (Form 1120M), 149*, 157*, 160*, 161*., 167*, 168*, 170*, 171*, 175*-177*, 179* Intangible assets, 22-41, 125, 126, 130-132, 137-139, 154*, 161*, 162* Intercorporate dividends received deduction, defined, 172*, 173* Interest paid, deduction for, 2280, 125, 126, 130-133, 137-139, 162* Interest received:. On Government obligations: United States, 22-41, 125, 126, 130-132, 137-139, 162* State and local, 4, 22-419 125, 126, 130-132, 137-139, 151*, 162*, 175* Other, 22-41, 125, 126, 130-133, 137-1399 151*, 169* Intragroup dividends qualifying for 100 percent deduction, 90105, 172*, 173* Intragroup dividends qualifying for transitional deduction under section 1564(b), 90-105, 173* Inventories, 22-80, 86-89, 125, 126, 130-132, 137-139, 152*154*, 162* Investment credit, 4, 7*, 8*, 13809 90-124, 137-139, 144-147, 149*, 152*, 161*-164*, 171*, 172*, 174*, 176* By industry group, 13-37, 76-80, 90-105, 118-124, 137 By item (Form 3468), 116-124 By size of credit, 116, 117, 171* By size of income taxed at normal tax and surtax rates, 107-111, 171* Carryover, 116-124, 163*, 164*, 175* Cost of property, 42-80, 116-124t 152*9 175* Qualified for credit, 7*, 8*, 116-124, 162*-164*, 175*
Tentative, 116-124, 164*, 175* Unused, 116-124, 175* Investments: In Government obligations: United States, 22-41, 125, 126, 130-132, 137-139, 164* State and local, 22-41, 125, 126, 130-132, 137-139, 164* Other, 22-41, 125, 126, 130-132, 137-139, 153*, 154*, 164*, 169*, 175*
Land, 22-41, 125, 126, 130-132, 137-139, 164* (See also each type Liabilities. of liability), 22-41, 125, 126, 130-133, 137-139 Other, 22-41, 125, 126, 130-133, 137-139, 169*, 170* Other current, 22-80, 125, 126, 130-1339 137-139, 149*, 168*, 169* Total, 22-41, 125, 126, 130-133, 137-139, 175* Life insurance companies, 149*, 152*, 157*, 160*, 167*, 168*, 170-172*, 175*9 177* Loans from stockholders, 22-41, 125, 126, 130-132, 137-139, 164* Loans to stockholders, 22-41, 1259 126, 130-132, 137-139, 164* Long-term capital gain from certain binding contracts, distributions, and installment sales, 107-111, 164* Loss: Business. (See Deficit and Net income (or deficit).) , Carryover. (See Net operating loss deduction.) Net, noncapital assets, 22-41, 125, 126, 130-133, 137-139, 151*, 153*, 165*-167*, 169*, 171* Net operating. (See Net ction.) operating loss dedu-
Major industry, 30-37, 40-105, 118-124, 134, 135, 144-147, 161* Members of controlled groups, 149*, 155*, 162*, 163*, 172*, 173*, 176* Minimum tax. (See Additional tax for tax preferences.) Minor industry, 13-31, 161* Mortgage and real estate loans, 22-41, 125, 126, 130-132, 137-139, 164*, 168* Mortgages, notes, and bonds payable, 22-80, 125, 126, 130133, 137-139, 165* Mutual insurance companies (Form 1120M), 149*, 157*, 160*, 161*, 167*, 168*, 170*, 171*, 175*-177* 179* Mutual savings banks with separate life insurance departments, 160*
Corporation Returns/1975 * Index
234 Net capital gains, 22-41,
106-113,
125, 126, 130-133, 137-1-39, 149*, 161*,-165*, 16P, 168*, 169*, 171*, 172* Net gain or loss, noncapital assets, 22-41, 125, 126, 130-133, 137-139, 151*, 153*, 165*-167*, 169*, 171* Net income (or'deficit), 2, 4-6, 13-85, 90-117, 125-147, 151*, 15~*, 155*, 160*, 167*, 168*, 171*-175*, 178* By accounting-period, 106 By industry groups, 13-37, 42-80, 125, 127-132, 134, 135, 137, 1,40, 141, 144-147
By size of business receipts, 7680 By size of income tax after credits, 114-115 By size of income taxed at normal tax and surtax rates, 107-111 By size of total assets, 5, 6, 126-129, 136, 138, 139, 142, 143 . Book, 8i-85, 150*, 151* , 162 170*, 174*
Consolidated returns, 6, Defined, 167*
137-139
Small Business Corporation returns, Form 1120S, 90-106, ~125-129, 171*, 172* Tax, 81-85, 162*, 170*, 174* Net long-term capital gain reduced by net short-term capital loss. (See also Net capital 22-41, 107-115, 125, 126, 130-132, 137-139, 149*, 160*, 161*, 164*-168*, 171*, 172* In excess of $25,000, 160* Net long-term capital gain taxed at alternative rates, 90-115, 160*, 161*, 164*, 168*, 171* Amount subject to 25 percent rate, 90-111, 161*, 164*, 165*, 168* Net loss, noncapital assets, 22-41, 125, 126, 130133, 137-139, 151*, 153*, 165*167*, 169*, 171* Net operating loss: Deduction, 90-105, 112-115, 130-1339 160*, 172*, 173* Defined, 172* Net profit (or net loss). (See Net income (or deficit).) Net short-term capital gain reduced by net long-term capital loss. (See also Net capital &aLELs.), 22-41, 125, 126, 130132, 137-139, 165*, 166*, 169* Net worth, 13-21, 42-80, 127-129, 168* Noncalendar year returns. (See also Accounting periods.) Nonconsolidated returns, 168* Nontaxable returns, 107-111 Normal tax, surtax, and alternative tax. (See Income tax.) Notes and accounts receivable, 22-80, 125, 126, 130132, 137-139, 149*, 164*, 168* -Notes, mortgages, and bonds payable, 22-80, 125, 126, 130-133, 137-139, 165*
Numbei~ 'of rkurns*,A~efined.' (See' also in each table by specific classification.),'-168*-
Other assets, 22-41 125, 126, 130132, 137-139, 161*, 168* Other current assets, 22-41, 125, 126, 130-132, 137-139, 168* Other current liabilities, 22-80, 125, 126, 130-133, 137-139, 149*, 168*, 169* Other deductions, 4, 22-41, 125, 126, 130-132t 137-139, 150*, 166*,..169* Other interest, 22-41, 125; 1261' 130-133,-1'377'139-l' 151*, 16g*" Other investments, 22-41',- 125, 126, 130-132, 137-139, 153*, 154*, 164*, 169 *, 175* Other liabilities, 22-41, 125, 126, 130-133, 137-139, 169*, 170* Other receipts, 4, 22-41, 125, 126, 130-132t 137-139, 152*, 155*, 169*
Paid-in or capital surplus, 22-41, 125, 126, 130-133, 137-139, 168*, 170* Part-year returns, 2, 106, 170*, 176* Pension, profit-sharing, stock bonus, and annuity plans, deduction for contributions-to ~2-80, 125, 126, 130-132, 137 14i, 153*, 157*, 170* Provision for Federal income tax, net, 81-85, 170i
Rates of tax, 149*, 160*, 161*, 168*, 172* Real estate investment trusts, 152*, 155*, 160*-162*, 172* Receipts: Business, 4, 13-80, 86-89, 116, 117, 125-132, 137-139, 151*153*, 161*, 167*, 170*, 171* Other, 4, 22-41, 125, 126, 130132, 137-139, 152*, 155*, 169* Total, 2-5, 13-80, 106, 112-115, 125, 126, 130-133, 137-143, 159*, 161*, 162*, 170*, 171*, 174* Regular tax and alternative tax, 149* Regulated investment companies, 152*, 155*, 158*, 160, 161*, 172* Rent paid on business property, 22-41, 125, 126, 130132, 137-139, 170* Deduction for, 152*, 153*, 157*, 170* Rents received, 22-41, 125t 126, 130-132, 137-139, 151*, 170*
Repairs, deduction for, 22-41, 125, . 126, 130-132, 137-139,.152*,. 153*, 170* Reserves: Bad debts,allowance, 22-41, 125 126, 130-132, 137-139, 149*1 150*, 164*, 168*, 175# For depletable, depreciable and intangible assets. (See Accumulated depletion, Accumulated depreciation, and Accumulated amortization.) Surplus. (See Retained earnings, appropriated.) Retained earnings, appropriated, 22-41, 125, 126, 130-132, 137-139,,170* Retained earnings, unappropri-_ ated, 22-41, 125, 126, 130-132, 137-139, 170*, 171*, 173* Return forms.. (See Forms, facsimiles of returns.) Returns: Active corporations, 1*, 2, 4, 51-' 13-29, 38, 39, 42-124, 134-13~.~ 140-147, 171* Annual, 150* Calendar year, 2, 3, 150*, 178* Consolidated, 6, 134-139, 151*, 152*, 155*2 158*, 161*, 162*, 171*, 172* Form 1120-DISC. (See Domestic International Sales Corporations.) Form 1120F. (See Foreign Corporations.) Form 1120S. (See Small Business Corporations.) Inactive, 1*, 4, 168*, 171* Other than Forms 1120S and 1120-DISC, 107-117, 144-147 Part-year, 3*, 106, 170*, 172*, 1760 Used for this report, 168* With income tax, 4, 90-105 With net income, 4, 6, 13-219 90115, 137-139, 171* Without net income, 4, 90-105, 107-115, M* Royaltie; received, 171*
Sales or exchanges of capital assets. (See Net capital gains.) Sales or exchanges of noncapital assets. (See Net gain or loss, noncapital assets.) Sample, description of and limitations of data, 177*-179* Sampling variability, 13-21, 107111, 178*-180* Size distributions: Business receipts, 76-80, 171* Deficit, 107-111, 178* Income tax after credits, 114, 115, 171* Income tax before credits, 112, 113, 171* Income taxed at normal tax and surtax rates, 107-111, 171* Investment credit, 116, 117, 171*Net income, 178* Total assets, 5, 6, 38-75, 126129, 136, 138, 139, 142, 143, 178f
235
Corporation Returns/1975 * Index Small Business Corporations, Form 1120S, 1*, 4, 90-106,
125-
129, 149*, 152*, 160*, 162*, 167*, 168*, 170*-174*, 176*, 177* Small business investment companies, 150*, 173* Statutory special deductions, 90106, 112-115, 125, 126, 130-133, 137-139, 160*, 167*, 168*, 172*, 173* Stock, capital, 22-41, 125, 126, 152*, 153*, 130-133, 137-139, ' 168* Stock, Treasury, cost of, 22-41, 125, 126, 130-133, 137-139, 153*, 168*, 169* Stock dividends. (See Distributions to stockholders.) Stockholders' equity. (See Net worth.) Stockholders' undistributed taxable income previously taxed, 125, 126, 173* Subsidiaries, number in consolidated returns, 136-139, 152* Surplus, paid-in or capital, 2241, 125, 126, 130-133, 137-139, 168*, 170* Surtax exemption, 155*, 161*, 172*, 173*
Tax, income. (See Income tax.) Tax deferred and income taxable to stockholders, Form 1120DISC, 130-133, 173* Tax-exempt interest. (See Interest received, State and local.) Tax from recomputing prior year investment credit, 4, 22-41, 90 124, 137-139, 158*, 161*-163*, 171*, 173*, 174*, 176* Tax from recomputing prior year work incentive (WIN) credit, 4, 22-41, 90-115, 137139, 158*, 161*-163*, 171*, 174*, 176* Tax net income (or deficit), 8185, 162*, 170*, 174* Tax return forms. (See Forms, facsimiles of returns.) Taxable foreign income (less loss), 144-147 Taxable income. (See Income subject to tax.) Taxes paid, deduction for, 22-75, 125, 126, 130-133, 137-139, 151*, 153*, 158*, 174*, 175* Total assets, 2, 5, 6, 13-80, 8689, 116, 117, 125, 126, 130-133, 137-143, 171*, 175*, 176*, 178* Size classifications, 5, 6, 3875, 126-129, 136,.138, 139, 142, 143, 171*, 176*, 178*
Total deductions, 4, 22-41, 125, 126, 130-133, 137-139, 175* Total liabilities, 22-41, 125, 126, 130-133, 137-139, 175* Total receipts, 2-5, 13-80, 106, 112-115, 125, 126, 130-133, 137143, 159*, 161*, 162*, 170*, 171*, 174* Total receipts less total deductions, 4, 22-41, 125, 126, 130-133, 137-139, 175*
Unappropriated retained earnings. (See Retained earnings, unappropriated.)
Work incentive (WIN) credit, 4, 8*, 22-80, 90-115, 137-139, 144-147, 149*, 161*, 162*, 171*, 172*, 174*-176*
Zero assets, defined,
171*,
176*
.U.S. GOVERNMENT PRINTING OFFICE : 1980 0-311-358/730
Statistics of IncoTbe . . . 1975, Corporation, Income Tax Returns
