1949 - Internal Revenue Service
1949 - Internal Revenue Service
1949 - Internal Revenue Service
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ANNUAL REPORT<br />
OP THE<br />
COMMISSIONER OF INTERNAL REVENUE<br />
TREASURY DEPARTMENT,<br />
OFFICE OF COMMISSIONER OF INTERNAL REVENUE,<br />
Washington, D. C., January 9, 1950.<br />
The honorable the SECRETARY OF THE TREASURY.<br />
SIR: I have the honor to submit the following report upon the work<br />
of the Bureau of <strong>Internal</strong> <strong>Revenue</strong> for the fiscal year ended June 30,<br />
<strong>1949</strong>:<br />
GENERAL<br />
The Bureau of <strong>Internal</strong> <strong>Revenue</strong> is responsible for the assessment<br />
and collection of all taxes imposed by any law providing internal<br />
revenue. It also has responsibilities under statutes which, while not<br />
imposing taxes, have some relation to internal revenue. These include<br />
the Federal Alcohol Administration Act (49 Stat., 977), as amended<br />
(27 U. S. C. and Sup., 201-212); the Liquor Enforcement Act of 1936<br />
(49 Stat., 1928, 27 U. S. C., 211-228); the Federal Firearms Act (52<br />
Stat., 1250, 15 U. S. C., 901-909); and the Stabilization Act of 1942<br />
(56 Stat., 765), as amended (50 U. S. C., App. Sup., 961-971).<br />
INTERNAL REVENUE COLLECTIONS<br />
The following table shows the collections by general sources of<br />
revenue for <strong>1949</strong> as compared with 1948:<br />
Summary of internal revenue collections, fiscal years 1948 and <strong>1949</strong><br />
General source<br />
Fbeal year Increase or decrease (—)<br />
1918 <strong>1949</strong> Amount Percent<br />
Income and profits taxes:<br />
Individual:<br />
Withheld by employers $11,533,576,972 $10,055, 501, 785 —$1,478,075,187 —12.8<br />
Other 9, 464, 203, 727 7,996, 320,132 —1,467,883,595 —15.6<br />
Total individual income taxes 20,997, 780,699 18,061, 821, 917 —2,945,958, 782 —14.0<br />
Corporation:<br />
Income taxes<br />
Excess profits taxes:<br />
9,851, 499, 537 11, 342, 643, 703 1, 491, 144, 256 15.1<br />
Declared value I 17, 643, 249 16, 233,475 —1, 409,774 —8.0<br />
<strong>Revenue</strong> Act of 1940. as amended'. 305, 251,476 194,495,199 —110,756,277 —36.3<br />
Army and Navy contracts 15, 572 296,768 281,196 1,895.8<br />
Total corporation income and<br />
profits taxes 10,174, 409, 834 11,553,669, 234 1,379, 259,400 13.6<br />
Total income and profits taxes_ 31, In. 190, 6a3 2%605,491,151 —1, 566, 699,382 —5.0<br />
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