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Statistics of Income (SOI) data are available in electronic formats and in print. For further information on any of the following products and services, or for answers to questions on [...]

Statistics of Income (SOI) data are available in electronic formats and in printed publications. For further information on any of the following products and services, or for answers to questions [...]

General Statistical information: (202) 874-0410 Fax: (202) 874-0964 e-mail: sis@irs.gov Planned Projects, Year * Primary Analysts Americans Living Abroad: 2001 Program Jeff Curry Maureen Keenan Kahr Controlled Foreign Corporations: 2001 [...]

Table 1.--Individual Income Tax Returns: Selected Income and Tax Items for Specified Tax Years, 1985-2002 Page 245 Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross [...]

For Tax Year 2000, the 7,500 largest foreign corporations controlled by large U.S. multinational corporations held $4.4 trillion in assets and reported receipts of $2.2 trillion. These amounts increased from [...]

For Tax Year 2001, the 60,618 domestic corporations each 'controlled' by a foreign 'person' generated $2.5 trillion of total receipts and reported $6.5 trillion of total assets on income tax [...]

Corporate pretax profits, or net income (less deficit), reported on income tax returns for 2001 declined significantly from 2000 levels, decreasing 34.9 percent from $927.5 billion for 2000 to $603.6 [...]

General Statistical Information: (202) 874-0410 Fax: (202) 874-0964 e-mail: sis@irs.gov Planned Projects, Frequency and Program Year * Primary Analysts Content Americans Living This periodic study is Abroad: conducted every 5 [...]

The Federal tax system includes taxes on the right to transfer tangible and intangible property. The estate tax, part of the transfer taxes, is incurred when transferring property at death. [...]

Statistics of Income (SOI) data are available in electronic formats and in printed publications. For further information on any of the following products and services, or for answers to questions [...]

Table 1.--Individual Income Tax Returns: Selected Income and Tax Items for Specified Tax Years, 1985-2002 Page 105 Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross [...]

Nonfarm sole proprietorship profits increased 1.2 percent for Tax Year 2001 to $217.4 billion. However, when inflation is taken into account, net profits fell by 1.3 percent, the first such [...]

Statistics of Income (SOI) data are available in electronic formats and in printed publications. For further information on any of the following products and services, or for answers to questions [...]

Statistics of Income (SOI) data are available in electronic formats and in printed publications. For further information on any of the following products and services, or for answers to questions [...]

The growth in the number of partnership returns for 1999 continued the trend established in recent years. For 1999, the number of partnerships, number of partners, total assets, and total [...]

Table 1.--Individual Income Tax Returns: Selected Income and Tax Items for Specified Tax Years, 1980-1999 Page 183 Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross [...]

Taxpayers filed 127.1 million returns for Tax Year 1999, a 1.8-percent increase over the previous year. For 1999, adjusted gross income (less deficit) (AGI) rose 8.1 percent to almost $5.9 [...]

The Statistics of Income (SOI) study of 1998 foreign trust returns reflects both the substantial and increasing interest in foreign investment by U.S. taxpayers and the new information reporting requirements [...]

An increase of 8.5% in adjusted gross income and an increase of 9.6% in taxable income, both better than three times the inflation rate of 2.3%, are reflected in early data for tax year 1997. Total income tax was $594.1 billion, up by 10.2%. Electronic filing of returns increased by 28.3% to account for 21.6% of the total returns. Early estimates are based on individual returns filed through April 1998.

Adjusted gross income (minus deficit) on U.S. individual income tax returns totaled $4.5 trillion for tax year 1996, an increase of 8.3% over the previous year, with 120.4 million returns filed. The average tax rate was 14.5%, up 0.5%. An increase of 5.5% occurred in salaries and wages, while taxable pensions and annuities increased by 8.0%. Total deductions increased by 4.1% to $979.6 billion, and taxable income was $3.1 trillion, up by 9.8%. Earned income credit totaled $28.8 billion, an increase of 11.1%.

Taxable income, tax liability and number of individual returns filed all increased in 1996. Total taxable income rose to $3.1 billion, 10.6% over 1995 amounts. Total tax liability increased by 13% over the prior year to reach $661.1 billion. Individual returns filed for 1996 numbered 120.6 million, up 2.1% from 1995. Tax deduction amounts rose by 6.4%, totaling $991.4 billion for the year.

Total net income for partnerships for the tax year 1993 was $66.7 billion, up from $42.9 billion in 1992. The finance, real estate and insurance industries accounted for nearly 68% of this increase, posting combined net income of $15.3 billion, compared to a net deficit of $0.8 billion in 1992. The only industrial divisions that did not show increases in income over the previous year were agriculture, forestry and fishing.

The number of U.S. individual tax returns filed in 1993 totaled 114.6 million, an increase of .8 million returns or .7% over the previous year. Adjusted gross income less deficit was more than $3.7 trillion, an increase of 2.3%. Taxable income increased by 2.2% to more than $2.4 trillion. There was a 5.3% increase in total income tax, mainly due to increased marginal tax rates and alternative minimum tax rates for high-income taxpayers. The annual growth rate for the consumer price index (CPI-U) was 3.0% in 1993. Net capital gain increased by 21.4%. Taxable interest decreased by 19.8%, and unemployment compensation was down 12.4%.

A total of 846,407 tax returns reflecting adjusted gross income of $200,000 or more were filed in 1991, representing 0.738% of all returns. When other sources of income are included to reflect expanded income, the number of returns reporting $200,00 or more reaches 892,178, or 0.778% of all returns. No income tax liability was reported on 1,114 returns with expanded income of $200,000 or more. Historical trends in this tax bracket and the most common means of offsetting income taxes used by high wage earners are discussed.

113.8 million individual tax returns were filed for tax year 1992, representing a decrease of 1.1 million from the previous year. Total adjusted gross income from these returns was more than $3.6 trillion, a 4.8% increase over 1991. Both taxable income and total income tax increased from the previous year, reflecting a growth rate in salaries and wages that was twice as high for 1992 as it was for 1991. The average tax rate for 1992 was 13.1%, a 0.2% increase over 1991, mostly due to a limit on deductions for the highest wage earners.

Americans reported more than $3.4 trillion in adjusted gross income for 1990, and $451.4 billion in individual income tax. These numbers represent a 4.3% increase in income over 1989 and a 2.7% increase in income tax. The growth in income was slower for 1990 than for 1989, and did not keep pace with inflation. The amount of income tax paid in 1990 was 3% higher than in 1989.