The Bulletin contains an in-depth analysis of the 2.43 million individual income tax returns reporting Adjusted Gross Income (AGI) of $200,000 or more for 1999.  Some 2.48 million individual returns reported expanded income of $200,000 or more. While the total number of tax returns increased 1.8 percent over 1998, the number of high AGI returns increased 16.5 percent, and the number of high expanded-income returns rose 16.3 percent.

 

In addition, the Bulletin contains the following articles:

The Bulletin further shows that 46,208 nonprofit organizations reported $7.6 billion of aggregate gross income from “unrelated business” activities on their 1998 Forms 990-T.  Taxable profits after deductions amounted to $1.7 billion, while unrelated business income tax reported by these filers was $505.9 million.   After adding other types of taxes and subtracting credits, total tax reported on Form 990-T for 1998 was $464.3 million.

 

Finally, the Bulletin has inaugurated a new series examining the highest and lowest individual income tax rates from 1913 to the present.  The top rate has fluctuated from a low of 7 percent for 1913 to a high of 94 percent for 1944-1945.  In contrast, the bottom rate has gone from a low of 0.375 percent for 1929 to a high of 23 percent for 1944-1945.  In future issues, the series will examine changes in definitions of income, deductions, the tax base, and tax credits.

 

The Bulletin also includes historical data on income, deductions, and tax reported on returns filed by individuals, corporations, and unincorporated businesses, with selected data presented for estates.  Statistics are also presented on tax collections, including excise taxes by type, and refunds for recent years.

 

To access the Spring 2002 Statistics of Income Bulletin, visit the IRS Web site www.irs.gov and click on "Tax Stats" in the upper left-hand corner. From the Tax Stats page, select "SOI Bulletins" under "Statistical Publications."