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Individual Income Tax Data of Taxpayers with the Top 400 Adjusted Gross Income (pdf)
This release contains four tables which contain information from the Top 400 Individual Income Tax Returns for each of Tax Years 1992 through 2007. Table 1 contains frequencies, money amounts, and average dollar amounts for the major income, deduction, and tax credits reported as part of the Form 1040 (U.S. Individual Income Tax Return). Table 2 shows ranges of marginal tax rate for the various statutory rates (including the alternative minimum tax rates) that were in effect for Tax Years 1992 through 2007 while Table 3 shows the range of average tax rates up to 35 percent and over, computed as total income tax divided by adjusted gross income.
The data in Tables 1 - 3 are based on the individual returns with the largest adjusted gross income reported each specific year shown and do not necessarily reflect the same taxpayers over the 16-year time period reflected. Therefore, Table 4 is available to present the number of times an individual return appeared among the 400 largest adjusted gross incomes for each of tax years 1992 through 2007.
(December 2009)
Individual Income Tax Returns, 2007 (pdf)
Taxpayers filed 143.0 million individual income tax returns for Tax Year (TY) 2007, an increase of 3.3 percent from the 138.4 million returns filed for TY 2006. The adjusted gross income (AGI) less deficit reported on these returns totaled $8.7 trillion, an 8.2-percent increase from the previous year. Several income items increased appreciably during 2007, including taxable interest, ordinary dividends, taxable IRA distributions, and net capital gains (less loss), which increased 20.4 percent, 18.9 percent, 18.6 percent, and 16.4 percent, respectively.
Article in Fall 2009 Bulletin
(December 2009)
Individual Noncash Contributions, Tax Year 2006 (pdf)
For Tax Year 2006, 24.7 million individual income taxpayers who itemized deductions reported $52.6 billion in deductions for noncash charitable contributions. Of these taxpayers, 6.2 million reported $46.8 billion in deductions for charitable contributions in excess of $500, as shown on Form 8283, Noncash Charitable Contributions.
Article in Summer 2009 Bulletin
(August 2009)
Sales of Capital Assets Panel Data, Tax Years 1999-2003 (pdf)
Between Tax Years 1999 and 2003, taxpayers in the Sales of Capital Assets (SOCA) panel study realized the highest net capital gains in Tax Year 2000; net gains less losses peaked at $574.1 billion, with capital gains of $929.8 billion and losses of $355.7 billion. The lowest amount of net capital gains less losses reported for the 5 years examined was $131.9 billion, reported in Tax Year 2002. The estimates in this article were based on a sample of individual income tax returns filed for Tax Year 1999. These returns were followed between Tax Years 1999 and 2003.
Article in Summer 2009 Bulletin
(August 2009)
Sole Proprietorship Returns, 2007 (pdf)
For Tax Year 2007, there were about 23.1 million individual income tax returns that reported nonfarm sole proprietorship activity, a 4.7-percent increase since Tax Year 2006. Reported profits for these sole proprietorships were $280.6 billion in 2007, representing a decrease of 1.8 percent (in constant dollars) since 2006. Profits also decreased 0.4 percent (in constant dollars) between Tax Years 2005 and 2006.
Article in Summer 2009 Bulletin
(August 2009)
Individual Income Tax Returns Estimated Data Line Counts, 2007, (pdf)
This package provides the estimates of frequencies and associated amounts of the entries on the lines of the forms and schedules filed with individual tax returns. The estimates are based on returns that were sampled statistically and then weighted to estimate the entire 2007 Tax Year.
(August 2009)
Publication 1304, Individual Income Tax Returns, 2007 (pdf)
This report contains data for Tax Year 2007 on sources of income, adjusted gross income, exemptions, deductions, taxable income, income tax, modified income tax, tax credits, self-employment tax, and tax payments. Classifications are by tax status, size of adjusted gross income, marital status, age, and type of tax computation.
Individual Foreign-Earned Income and Foreign Tax Credit, 2006 (pdf)
In Tax Year 2006, about 335,000 U.S. taxpayers living abroad reported approximately $36.7 billion in foreign-earned income. Nearly $18.4 billion were claimed by U.S. taxpayers as foreign-earned income exclusions on their tax returns. Between Tax Years 2001 and 2006, the inflation-adjusted amount of foreign-earned income exclusion increased by 14.6 percent, while the housing exclusion decreased by 38.7 percent, from approximately $2.2 billion for 2001 to more than $1.3 billion for 2006.
Article in Spring 2009 Bulletin
(May 2009)
High-Income Tax Returns, Tax Year 2006 (pdf)
For Tax Year 2006, there were 4,064,883 individual income tax returns that reported adjusted gross income (AGI) of $200,000 or more, and 4,094,953 returns with expanded income of $200,000 or more (compared to AGI, expanded income is a more comprehensive measure of income, and it is based entirely on items available from individual income tax returns). These high-income returns represented 2.937 percent and 2.959 percent, respectively, of all returns for 2006.
Article in Spring 2009 Bulletin
(May 2009)
Individual Income Tax Returns, Preliminary Data, Tax Year 2007
(pdf)
For tax year 2007, taxpayers filed 143.0 million individual income tax returns, an increase of 3.3 percent from the 138.4 million returns filed for 2006. In addition, Adjusted Gross Income (AGI) increased from the previous year by 6.9 percent to $8.5 trillion for 2007. Taxable income increased 6.8 percent to $5.9 trillion; the alternative minimum tax rose 8.6 percent to $20.9 billion; total income tax increased by 6.5 percent to $1.1 trillion; and total tax liability rose by 6.4 percent to $1.1 trillion.
Article in Spring 2009 Bulletin
(May 2009)
Individual Income Tax Rates and Shares, Tax Year 2006 (pdf)
Taxpayers filed 138.4 million returns for Tax Year 2006, of which 92.7 million (or 67.0 percent) were classified as taxable returns. A taxable return is a return that has total income tax greater than $0. This represents an increase of 2.4 percent in the number of taxable returns from 2005.
Article in Winter 2009 Bulletin
(March 2009)
Accumulation and Distribution of Individual Retirement Arrangements, Tax Year 2004 (pdf)
For 2004, 14.7 million individual income taxpayers contributed approximately $48.7 billion to Individual Retirement Arrangements (IRAs). In addition, they reported $214.9 billion as rollovers into IRAs, usually from employer-sponsored plans, such as 401(k) plans. At year-end, approximately 50.9 million taxpayers held $3.3 trillion in IRAs based on fair market value.
Article in Spring 2008 Bulletin
(May 2008)
Ninety Years of Individual Income and Tax Statistics, 1916-2005 (pdf)
Since 1916, the Internal Revenue Service has been publishing income and tax statistics based on information reported on Federal tax returns filed by U.S. individual taxpayers. These publicly available, annual Statistics of Income reports were created shortly after the enactment of the modern income tax in 1913.
Article in Winter 2007-2008
(March 2008)
Sole Proprietorship Returns, 2005 (pdf)
For Tax Year 2005, there were approximately 21.5 million individual income tax returns that reported nonfarm sole proprietorship activity. Nearly every sole proprietor industrial sector reported an increase in profits. Total profits for all nonfarm sole proprietorships were $269.9 billion, a 9.0-percent increase from Tax Year 2004. When adjusted for inflation, profits increased by 5.5 percent, the highest percentage increase in profits since 1998.
Article in Summer 2007 SOI Bulletin
(September 2007)
Farm Proprietorship Returns, 1998-2004 (pdf)
Over 20 years have passed since detailed information on farm sole proprietorship returns was published. Sole Proprietorships Returns, 1979-1980, was the last publication that contained detailed data on farm proprietorships as reported on the individual income tax return. The present study was initiated to provide data on the characteristics of farm proprietorship returns and to document changes from Tax Year 1998 to 2004.
Article in Spring 2007 SOI Bulletin
(June 2007)
Selected Income and Tax Items from Inflation-Indexed Individual Tax Returns, 1990-2004 (pdf)
This data release presents the number of returns, adjusted gross income (AGI), and other selected items in constant (or real) 1990 dollars--that is, adjusted for inflation--by AGI classes for each of the years from 1990 through 2004. The purpose of this data release is to expand through Tax Year 2004 the data previously available through Tax Year 2001 on individual income tax data available by inflation adjusted income classes.
Data release in Spring 2007 SOI Bulletin
(June 2007)
Integrated Business Data, 2003 (pdf)
Businesses conduct profit-seeking activities in a variety of legal modes, choosing one form over another for various business, tax, or historical reasons. The SOI Integrated Business Data (IBD) was developed to facilitate research on business issues across organizational forms. This initiative was an extension of earlier work in SOI, expanded to include more detailed financial and industrial data, incorporating the latest year for which complete SOI data are available.
Article in Fall 2006 SOI Bulletin
(January 2007)
Taxpayer Usage Study, Filing Season 2006 - Weekly reports from the 2006 filing season (2005 tax year) for individual income tax returns are now available. These reports provide estimates on the percentage of returns reporting certain income and tax items. Statistics are shown separately for paper returns and electronic returns.
(April 2006)
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