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Tax Stats at a Glance |
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Summary of Collections Before Refunds by Type of Return, FY 2003
|
Type of Return
|
Number
|
Gross Collections
|
|
of Returns |
(Millions of $) |
|
|
|
| Individual income tax [1] |
130,728,360 |
987,209 |
| Corporation income tax [1] |
5,890,821 |
194,146 |
| Employment taxes [1] |
29,916,033 |
[2] 695,976 |
| Gift tax [1] |
287,456 |
1,939 |
| Excise taxes [1] |
812,483 |
52,771 |
| Estate tax [1] |
91,679
|
20,888 |
Selected Information from Returns Filed
|
|
|
| Number filing with assets $250M or more |
10,989 |
| Percent of total corporate net income for firms with assets $250M or more |
86.8% |
|
|
|
|
|
|
|
| Number of returns |
2,242,169 |
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|
|
|
|
|
Top 1 percent Adjusted Gross Income (AGI) break (TY 2002) [3,4]
|
[P] $285,424 |
| Top 10 percent AGI break (TY 2002) [3,4] |
[P] $92,663 |
| Bottom 10 percent AGI break (TY 2002) [3,4] |
[P] $5,392 |
|
|
| Median AGI (TY 2002) [P] [3] |
$28,654 |
| Percent claiming standard deductions (TY 2002) [3] |
63.5% |
| Percent claiming itemized deductions (TY 2002) [3] |
35.1% |
| Percent using paid preparers (TY 2002) [3] |
55.8% |
| Percent e-filed (TY 2003) thru 4/30/2004 [5] |
49.2% |
|
|
| Number of returns with AGI $1M or more (TY 2002) [6] |
168,608 |
| State with the highest number-California (TY 2002) [6] |
25,730 |
| State with the least number-North Dakota (TY 2002) [6] |
126 |
|
|
| Number of individual refunds (TY 2002) (millions) [3] |
100.1 |
| Individual refund amount (TY 2002) (billions of $) [3] |
$206.0 |
| Average individual refund amount |
$2,057 |
|
Earned Income Tax Credit (TY 2002) [3]:
|
|
| Number of returns with credit (millions) |
21.7 |
| Amount claimed (billions of $) |
$38.2 |
|
|
|
|
|
|
|
| Number of returns (Forms 990, 990EZ & 990-PF filers) |
296,897 |
| Assets controlled by nonprofits (billions of $) |
$1,972 |
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|
|
|
|
|
|
| Number assisted by writing, calling, or walking-in |
97,125,745 |
Sources and footnotes:
[P] Preliminary data.
[TY] Tax Year.
[1] IRS Data Book.
[2] Excludes self-employment tax that is included in individual income tax.
[3] SOI data.
[4] The calculations include returns for dependents, which greatly affect the AGI upper limit for the bottom 10-percent class. Returns with negative AGI were excluded from these calculations.
[5] IRS Taxpayer Usage Study.
[6] IRS Master File System.
[7] All organizations exempt under section 501(c)(3) of the Internal Revenue Code that filed information returns for 2000 and private foundations.
Revised: June 29, 2004
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