SOI tax stats - SOI Bulletin: Spring 2024


Statistics of Income (SOI) Bulletin, Spring 2023 (Publication 1136)PDF
The Statistics of Income Bulletin is issued quarterly by the Statistics of Income Division of the Internal Revenue Service. This report provides the earliest published annual financial statistics obtained from the various types of tax and information returns filed, as well as information from periodic or special analytical studies of particular interest to students of the U.S. tax system, tax policymakers, and tax administrators.

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Individual Income Tax Returns, Preliminary Data, Tax Year 2022PDF
By Micheal Parisi

This article presents selected income and tax items from individual income tax returns using preliminary data for Tax Year (TY) 2022 and comparable data for TY 2021. The preliminary statistics are based on a stratified random sample of U.S. Individual Income Tax Returns (Forms 1040 and 1040-SR), and are intended to represent a full year of taxpayer reporting based on returns processed for tax administration purposes from January through late September 2022. For TY 2022, taxpayers filed 160.7 million U.S. individual income tax returns, which were filed in 2023, an increase of 0.2% from the 160.7 million returns filed for TY 2021. Also for 2022, adjusted gross income (AGI) increased 2.0% to $15.1 trillion. Moreover, taxable income increased by 2.3% to $12.0 trillion for 2022. Similarly, total income tax increased by 0.4% to $2.2 trillion, and total tax liability increased by 0.7% to $2.3 trillion.

Related Link: Individual Income Tax Returns Preliminary Data

Personal Wealth, Tax Year 2019PDF
by Aaron Barnes

The Personal Wealth Study uses information reported on Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, to estimate the wealth of the living population. These estimates, based on the Estate Multiplier technique, are limited to that segment of the population for whom personal wealth is at least equal to the estate tax filing threshold in effect for the estimation period. For 2019, the threshold was $11.4 million or more in gross estate. In 2019, there were an estimated 249,000 adults in the United States (U.S.) representing the top .10% of all adults in the population. Together, these top wealth holders owned nearly $7.6 trillion in assets and held $352 billion in debt, making their combined net worth $7.2 trillion. The Federal Reserve Board’s Survey of Consumer Finances estimated the net worth of all U.S. adults to be $96.3 trillion in 2019. By this measure, 7.5% of the Nation’s net worth was accounted for by these top wealth holders.

Related Link: Personal Wealth Statistics