III

CORPORATE PROFITS AND FINANCETABLE F-56.—Profits before and after taxes, all private corporations, 1929—57[Billions of dollars]PeriodCorporateprofitsbeforetaxesCorporatetaxliability »Corporate profits after taxesTotalDividendpaymentsUndistributedprofits1929.1930.1931.1932.1933.1934.9.63.3-.8-3.0.21.71.4.8.5.4.5.78.32.5-1.3-3.4-.41.05.85.54.12.62.12.62.4-3.0-5.4-6.0-2.4-1.61935.1936.1937.1938.1939.1040.1941.1942.1943.1914..3.15.76.23 46.49.317.020.924.623.31.01.41.51.01.42.87.611.414.112.92.24.34.72.35.06.59.49.510.510.42.94.54.73.23.84.04.54.34.54.7-.7-.2-.91.22.44.95.26.05.71945..1946..1947..1948..1949..19.022.629.532.826.210.79.111.312.510.48.313.418.220.315.84.75.86.57.27.53.67.711.713.08.31950.1951..1952..1953..1954..40.041.235.937.033.517.822.519.820.317.422.118.716.116.716.09.29.19.09.39.912.99.67.17.46.11955..1956..1957 342.543.042.021.522.021.421.021.020.611.011.912.39.99.28.31955: First quarterSecond quarter..Third quarter. _.Fourth quarter..1956: First quarterSecond quarter..Third quarter...Fourth quarter..1957: First quarterSecond quarter .Third quarter 3 ..Fourth quarter 3 .Seasonally adjusted annual rates10.210.410.812.011.712.012.111.512:412.512.611.79.39.710.710.79.58.77.810.89.18.07.91 Federal and State corporate income and excess profits taxes.* 48 million dollars.3 Preliminary; fourth quarter by Council of Economic Advisers.< Not available.NOTE.—No allowance has been made for inventory valuation adjustment.before taxes and inventory valuation adjustment.Detail will not necessarily add to totals because of rounding.Source: Department of Commerce (except as noted).See Table F-9 for profits179