Tuesday, August 17, 2004

The just-released Statistics of Income Bulletin (Spring 2004) includes Selected Income and Tax Items from Inflation-Indexed Individual Tax Returns, 1990-2001, by Michael Strudler (SOI) & Michael Parisi (SOI). Here is the abstract:

Inflation-adjusted individual income tax data are presented by 11 income classes, including income classes of $10 million or more (which had previously been published for Tax Years 2000 and 2001 only). For Tax Year 2001, about 130.3 million returns were filed, a 14.5 percent increase from the 113.7 million returns filed for 1990. This growth in the number of returns has not been uniform among the various income classes. For example, while the number of returns with real AGI between $1 to under $20,000 increased 9 percent and the number with AGI between $20,000 and $50,000 increased 11.3 percent, the number of returns for all groups above $100,000 increased by at least 69 percent.

For related tables of data, see here.