SOI Tax Stats - SOI Bulletin: Winter 2016

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Statistics of Income (SOI) Bulletin - Winter 2016
(entire publication in PDF)

Featured Articles

Nonprofit Charitable Organizations and Donor-Advised Funds, 2012
By Paul Arnsberger

Nonprofit Charitable Organizations and Donor-Advised Funds, 2012—Tax exempt public charities (501(c)(3) organizations) filed nearly 280,000 Forms 990 and 990-EZ and reported $3.3 trillion in assets for Tax Year 2012, an increase of 6 percent from the previous year. These organizations reported $1.6 trillion in total expenses and $1.7 trillion total revenue. Approximately 72 percent ($1.2 trillion) of charitable revenue came from program services.

Related Link: Charities & Other Tax-Exempt Organizations Statistics

Foreign Recipients of U.S. Income, 2012
By Scott Luttrell

Foreign Recipients of U.S. Income, 2012—U.S.-source income paid to foreign persons, as reported on Form 1042-S, totaled $672.9 billion for Calendar Year 2012. This represents an increase of 18.4 percent from 2011. Withholding taxes on this income rose by 21.0 percent to $10.8 billion in 2012. Almost 90 percent of all U.S.-source income paid to foreign persons was exempt from withholding tax. The residual U.S.-source income subject to tax was withheld at an average rate of 15.9 percent.

Excel Tables:  1, 2

Related Link: Foreign Recipients of U.S. Income

Sole Proprietorship Returns, 2013
By Adrian Dungan

Sole Proprietorship Returns, 2013—For Tax Year 2013, taxpayers reported nonfarm sole proprietorship activity on approximately 24.1 million individual income tax returns, a 2.2-percent increase from 2012. Profits fell to $302.3 billion in 2013, a 0.9-percent drop from the previous year. In constant dollars, total nonfarm sole proprietorship profits decreased 2.6 percent in 2013. Total profits as a percentage of business receipts were 22.5 percent for 2013, the second highest level in this data series which begins in 1988.

Excel Tables:  1, 2

Related Link: Sole Proprietorships

Sales of Capital Assets Data Reported on Individual Tax Returns, 2007-2012
By Janette Wilson and Pearson Liddell

Sales of Capital Assets Data Reported on Individual Tax Returns, 2007-2012—Total realized capital gains less losses declined by approximately 96 percent between 2007 and 2009 from $914 billion to $37 billion. Net gains then increased to $373.4 billion in 2010 and $639.9 billion in Tax Year 2012. Of these gains, passthrough entities and corporate stock sales made up the largest categories reported by taxpayers in each year for the 6-year period.  In 2007 taxpayers reported $384.8 billion gains from passthrough entities, the largest category for every year.  Gains of this type then declined in both 2008 and 2009 and then increased each year through 2012 to $320.9 billion. The IRS Statistics of Income (SOI) Division collects data on the sales of capital assets to identify trends in the capital gains and losses reported on individual tax returns. This article presents Tax Year 2012 cross-section data for the sales of capital assets, which are compared to the SOI Individual Sales of Capital Assets cross-section data for Tax Year 2007 and those years in between.

Excel Tables:  1 (2010, 2011, 2012), 2 (2010, 2011, 2012), 3 (2010, 2011, 2012), 4 (2010, 2011, 2012), 5, 6, 7, 8, 9

Corporate Foreign Tax Credit, 2011
By Melissa Costa

Corporate Foreign Tax Credit, 2011—For Tax Year 2011, corporations claimed over $107 billion in foreign tax credits, a decline of 9.3 percent from 2010. Foreign source taxable income from corporations reporting a foreign tax credit fell 12.9 percent to $409.5 billion from 2010 while current year foreign taxes paid dropped by 8.4 percent, to $116.1 billion. European countries were responsible for almost 40 percent of the total foreign source taxable income while Asia accounted for just over a fifth.  The United Kingdom was the country with the largest share of foreign-source income (8.1 percent) and current foreign taxes paid (8.6 percent).

Excel Tables:  1, 2

Related Link: Corporate Foreign Tax Credit Statistics

Departments

Historical Tables and Appendix