Federal Income Tax Returns-Collections 315 No. 505. TAX RETURNS FILED, EXAMINATION COVERAGE, AND AVERAGE TAX AND PENALTY: 1982 (Calendar year 1982.) Schedule F-TGR: ' Under $25,000....... $25,000-$99,999....... $100,000 and over..... $1 million-$4,999 million.. 2,097 1,962 13 11,641 4,047 13,652 7,689 88,398 10,097 - Represents zero. Total gross receipts. ? Domestic international sales corporation. No. 506. INTERNAL REVENUE COLLECTIONS, BY SELECTED SOURCES: 1960 TO 1983 (For years ending June 30 except, beginning 1980 ending Sept. 30. See also Historical Statistics, Colonial Times to 1970, series Y All taxes.......... Withheld by employers Old-age and disability insurance... Unemployment insurance....... Corporation income taxes........... Estate and gift taxes ............... Excise taxes.............. Alcohol.......................... Tobacco................ Manufactures .... Windfall profits tax .. Other. 3.4 26.1 2.7 24.2 1.8 12.9 3.5 2.1 1.1 1.1 3.4 Owin X Not applicable. Includes railroad retirement, not shown separately. No. 507. FEDERAL INDIVIDUAL INCOME TAX RETURNS, BY MARITAL STATUS: 1975 TO 1982 1 Includes other returns not shown separately. No. 508. FEDERAL INDIVIDUAL INCOME TAX RETURNS WITH ADJUSTED GROSS INCOME (AGI)— SUMMARY: 1965 TO 1982 [Includes Puerto Rico and Virgin Islands. Includes returns of resident aliens; based on a sample of unaudited returns as filed. Taxability or nontaxability is determined by presence or absence of income tax after credits and additional tax for tax preferences. Classification as "nontaxable" generally based on each return as originally filed and does not reflect subsequent changes (amended returns, audits, etc.). Adjusted gross income (AGI) is gross income less losses from all sources subject to tax reduced by legally permitted subtractions such as: Expenses of operating a business or trade, contributions to Individual Retirement Arrangements, moving expenses, etc. Data are not comparable for all years because of tax changes. See Statistics of Income, Individual Income Tax Returns publications for a detailed explanation. Based on sample of unaudited returns as filed; see Appendix Ill. See Historical Statistics, Colonial Times to 1970, series Y 393-411, for related data) 1 Through 1970, excludes returns with no adjusted income; thereafter includes returns with no adjusted income. ? Joint returns counted twice in computing percent. 3 1965 and 1970, returns with adjusted gross income only. Beginning 1975, includes returns with adjusted gross income less deficit. Exemptions: 1965, $600; 1970, $625; 1975-1978, $750; 1979-1982, $1,000. Beginning 1975, Includes returns with no adjusted income. The zero bracket amount replaced the standard deduction in 1977. Prior to 1977, included returns with the standard deductions and returns with no deductions. i comprises sick pay exclusion (for 1977 changed to disability exclusion), moving expense, self-employed retirement deduction and, beginning 1975, payments to an individual retirement account, and forfeited interest penalty. • Represents adjusted gross income minus exemptions and deductions. Beginning 1977, includes the "zero bracket" amount and therefore is not comparable to taxable income shown for earlier years. Income tax after credits. Beginning 1970, includes additional tax for tax preferences. 10 Only taxable returns counted in computing percent or average. 11 Beginning 1977, taxable income includes zero bracket amount, and therefore the percentage is not comparable to earlier years. 12 Dividends are included with interest. 13 Figures represent net income minus net loss. 14 After exclusions. 16 Taxable portion. 16 Small business corporation included with partnerships. 17 Included in other sources. 18 Includes primarily State income tax refunds, alimony received, unemployment compensation in adjusted gross income, and net sales of property other than capital assets. For 1981 and 1982, also includes farm rental income and windfall profit tax refunds less net adjustment for windfall profit tax withheld. Source: U.S. Internal Revenue Service, Statistics of Income, Individual Income Tax Returns, annual. Individual Income Tax Returns 317 No. 509. FEDERAL INDIVIDUAL INCOME TAX RETURNS: 1975 TO 1982 (In thousands of returns. See headnote, table 508] 'Taxable returns include returns with the presence of income tax (the sum of income tax after credits and the additional tax for tax preferences). No. 510. FEDERAL INDIVIDUAL INCOME TAX RETURNS-INCOME AND TAX: 1975 TO 1982 (See headnote, table 508] 8.1 2.7 100.0 Taxable returns.. Under $10,000..... $100,000 and over.... Nontaxable returns .... Income tax, total ? ... Under $10,000...... 98.1 6.3 19.1 22.3 18.5 11.2 12.7 7.9 100.0 1 Adjusted gross income less deficit. 2 Represents adjusted gross income minus exemptions and deductions. Beginning 1978, includes the "zero bracket" amount and therefore is not comparable to taxable income shown for earlier years. Consists of income tax after credit, minimum tax, and beginning 1979, alternative minimum tax. No. 511. AVERAGE TAX ON TAXABLE INDIVIDUAL INCOME TAX RETURNS: 1975 TO 1982 (See headnote, table 508) Consists of income tax after credits, minimum tax, and beginning in 1979, alternative minimum tax. 2 Beginning 1979, not comparable to previous years because of change in definition of taxable income (see headnote, table 508, and footnote 2, table 510) Source of tables 509-511: U.S. Internal Revenue Service, Statistics of Income, Individual Income Tax Returns, annual. No. 512. FEDERAL INDIVIDUAL INCOME TAX-EFFECTIVE (AVERAGE) AND MARGINAL TAX RATES, FOR SELECTED INCOME GROUPS: 1954 TO 1984 (Refers to income after exclusions. Effective rate represents tax liability divided by stated income. The marginal tax rate is the percentage of the first additional dollar of income which would be paid in income tax. Computations assume the low income allowance, standard deduction, zero bracket amount, or itemized deductions equal to 10 percent of adjusted gross income, whichever is greatest. Excludes self- TAX LIABILITY 1979- 1979 1980 3 13.4 17.4 24.6 27.9 33.2 38.5 44.3 8.4 13.7 19.0 21.3 25.8 32.0 39.5 5.8 11.1 15.8 17.68 21.5 26.8 33.4 1960 REAL INCOME EQUIVALENT 1970 1975 1979 1980 1983 EFFECTIVE RATE (percent) 1984 1960 1970 2 1975 1979 1980 1983 2,010 2,585 3,499 4,536 5,000 5,970 6,199 4,019 5,170 6,998 9,902 10,000 11,940 12,398 8,038 10,341 13,997 18,144 20,000 23,879 24,796 10,048 12,926 17,496 22,680 25,000 29,849| 30,995 14,067 18,097 24,494 31,752 35,000 41,789 43,393 20,095 25,852 34,992 45,361 50,000 59,698 61,990 30,143 38,779 52,487 68,041 75,000 89,547 92,985 CONSTANT (1980) DOLLARS $5,000... $75,000 $5,000... 12.0 7.5 4.0 3.9 - 5-10 5-10 5.851.2 51.4 2,010 2,585 3,499 4,536 5,000 5,970 6,199 4,019 5,170 6,998 9,902 10,000 11,940 12,398 8,038 10,341 13,997 18,144 20,000 23,879 24,796 10,048 12,926 17,496 22,680 25,000 29,849 30,995 14,067 18,097 24,494 31,752 35,000 41,789 43,393 20,095 25,852 34,992 45,361 50,000 59,698 61,990 30,143 38,779 52,487 68,041 75,000 89,547 92,985 - Represents zero. See headnote, table 508. Includes tax surcharge. 31981 tax liability and tax rates are 98.75 percent of the 1980 rates. Only one spouse is assumed to work. 6 Refundable earned income credit. & Amount of adjusted gross income equivalent to adjusted gross income in 1980 dollars was calculated by using the NIPA personal consumption expenditure deflator Source: U.S. Dept. of the Treasury, unpublished data. Individual Income Tax Returns 319 No. 513. FEDERAL INDIVIDUAL INCOME TAX RETURNS, INCOME, AND TAXES, 1970 TO 1982, AND BY STATE AND OTHER AREAS; 1982 (1970 data differ somewhat from those in other tables for individual returns with income because of a distinct weighting system for State data. For composition of regions, see fig. 1, inside front cover) TN.......... 90,168 22,652 30,170 23,815 13,531 12,547 AL..... ....... N. Eng. ME.................... 1,316 1,305 1,612 1,145 48,628 5,914 E.N.C........ OH................ ...................... ID................ 1,175 W.N.C.... MN.................... 14,155 225 MO ........... CA ............ ND................... 799 1,050 (NA) NA Not available. "Less deficit. 2 Includes additional tax for tax preferences. Based on resident population as of July 1. Returns with addresses outside the United States. Source: U.S. Internal Revenue Service, Statistics of Income, individual Income Tax Returns, annual. No. 514. FEDERAL INDIVIDUAL INCOME TAX RETURNS WITH ITEMIZED DEDUCTIONS, BY ADJUSTED GROSS INCOME CLASS: 1982 (See headnote, table 508] ' Includes other deductions not shown separately. |