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INCBUS
Non-farm business income

Description

INCBUS reports the respondent's net pre-income-tax non-farm business and/or professional practice income for the previous calendar year. This is the amount earned after subtracting business expenses from gross receipts. It includes any money earned working for one's own concern(s). It does not include non-cash benefits (such as the free consumption of one's own product or service), nor does it include any income earned as an employee, which is contained in INCWAGE.

Income from incorporated enterprises was specifically excluded. Persons who work for corporations are considered "employees," even if they are among the owners of the corporation; income earned as a corporate employee was to be reported as wage/salary income (INCWAGE). On the other hand, owners of unincorporated businesses who pay themselves "salaries" were to report these salaries as business income. Some respondents may have missed this distinction, which was first made in 1970. Amounts are expressed in contemporary dollars; users must adjust for inflation (See INCTOT for Consumer Price Index adjustment factors).

Codes

INCBUS is a 6-digit numeric variable reporting each respondent's net pre-income-tax non-farm business and/or professional practice income for the previous calendar year. INCBUS specific variable codes for missing, edited, or unidentified observations, observations not applicable (N/A), observations not in universe (NIU), top and bottom value coding, etc. are provided below by Census year (and data sample if specified).

User Note: Amounts are expressed in contemporary dollars, and users studying change over time must adjust for inflation (See Description).

INCBUS Specific Variable Codes
-09995 = -$9,900 (1970)
999999 = N/A

INCBUS
Census Bottom Code Top Code
1970 -$9,900 $50,000
1980 -$9,900 $75,000
1990 -$9,999  $90,000*

*Higher amounts are expressed as the state medians of values above $90,000.
Values Exceeding Top codes; by State: 1990

Comparability

This variable allows for comparisons across years, if users take into account the effects of inflation. Adding amounts from INCFARM to those in INCBUS produces a figure basically comparable to INCBUSFM in 1950-1960 and to INCBUS00 in the 2000 census, the ACS and the PRCS.

For INCBUS, the codes for 1970 and 1980 represent midpoints of intervals, instead of exact dollar amounts. For 1970, the codes represent the midpoints of hundred-dollar intervals. For 1980, the codes represent the midpoints of ten-dollar intervals. The 1990 codes are expressed in exact dollar amounts.

Universe

  • 1970: Persons age 14+.
  • 1980-1990: Persons age 16+.

Availability

United States
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  • 1990: All samples
  • 1980: All samples
  • 1970: All samples
  • 1960: --
  • 1950: --
  • 1940: --
  • 1930: --
  • 1920: --
  • 1910: --
  • 1900: --
  • 1880: --
  • 1870: --
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  • 1850: --
Puerto Rico
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  • 1990: All samples
  • 1980: All samples
  • 1970: All samples
  • 1930: --
  • 1920: --
  • 1910: --

Flags

QEARN  QINCBUS 

Editing Procedure

There is no editing procedure available for this variable.