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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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