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Individual Income Tax Rates and Shares, 2009
by Kyle Mudry
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| Taxpayers filed 140.5 million individual income tax returns for Tax Year 2009. Of those, 81.9 million (or 58.3 percent) were classified as taxable returns. This represents the lowest percentage of taxable returns in more than 24 years. A taxable return is a return that has total income tax greater than $0. The number of taxable returns was 9.7 percent lower than for 2008. Adjusted gross income (AGI) on these taxable returns decreased 10.6 percent to $6,778 billion for 2009, while total income tax decreased 16.1 percent to $866 billion. The average tax rate for taxable returns decreased 0.8 percentage points to 12.8 percent. |
Excel Tables:
1, 2, 3, 4a, 4b, 5, 6, 7, 8
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Related Link:
Individual Income Tax Rates and Tax Shares
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Split-Interest Trusts, Filing Year 2010
by Lisa Schreiber Rosenmerkel
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| In 2010, some 118,787 Split-Interest Trust Information Returns (Form 5227) were filed for charitable remainder trusts, charitable lead trusts, and pooled income funds. In total, split-interest trust filers reported $8 billion in gross income and $121.2 billion in end-of-year assets. Corporate stock continued to account for the majority of assets held by split-interest trusts. Total net income reported on Form 5227 declined by 81.4 percent between 2009 and 2010. |
Excel Tables:
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Related Link:
Split-Interest Trust Statistics
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Personal Wealth, 2007
by Brian Raub and Joe Newcomb
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| In 2007, an estimated 2.3 million U.S. adults had gross assets of $2 million or more. These top wealth holders combined to hold more than $12 trillion in net worth. More than 1.3 million top wealth holders were men, while just under 1 million were women. In 2007, California had the largest number of individuals with net worth of $2 million or more, while Wyoming had the highest per capita population of these very wealthy residents. Between 2001 and 2007, there was an increase of 12.1 percent in the number of individuals with net worth of $2 million or more in inflation-adjusted dollars. This increase outpaced the 7.3-percent increase in the overall adult population of the United State |
Excel Tables: |
Related Link:
Personal Wealth Statistics
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Projections of Federal Tax Return Filings: Calendar Years 2011–2018
by Brett Collins
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| A grand total of 239.3 million tax returns are expected to be filed with the Internal Revenue Service during Calendar Year (CY) 2012. This number represents an increase of 1 percent over the estimated CY 2011 filings of 236.8 million returns. After CY 2012, grand total return filings are projected to grow at an average annual rate of 1 percent and are expected to reach 253.5 million returns by 2018. Total electronically filed individual income tax returns are estimated to be 77 percent of all individual income tax returns filed in CY 2011 and are projected to constitute 84 percent of all returns in CY 2018. |
Excel Tables: |
Related Link:
Projections of Federal Tax Return Filings - IRS Office of Research
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Other Sections
■ SOI Sampling Methodology and Data Limitations
■ SOI Projects, Contacts, and Public Release Information
■ SOI Products and Services
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In the Next Issue
The following articles are tentatively planned for inclusion in the spring 2012 issue of the Statistics of Income Bulletin, scheduled to be published in May 2012:
■ High-income individual income tax data, Tax Year 2009;
■ Individual noncash charitable contributions, Tax Year 2009;
■ Federal gift tax return data, 2009;
■ Foreign person’s U.S.-source income subject to withholding, Tax Year 2009;
■ Individual retirement arrangements, Tax Year 2008; and
■ Corporate income distributions by tax rates, Tax Years 2004-2008.
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