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Tax Stats: March 2013

Our monthly collection of statistics from the world of tax.

Our newest Tax Stat for March breaks down who's itemizing deductions.

Just over 46 million individuals returns included itemized deductions in tax year 2011 -- almost exactly a third of the total 145 million. As you'd expect, though, they were heavily skewed toward those with higher adjusted gross income.

Source: IRS Statistics of Income Bulletin, Winter 2013

The average federal tax rate -- the average total income tax divided by the average adjusted gross income -- varies somewhat from year to year, hitting highs in the boom years of 1999 and 2000.

Source: IRS Statistics of Income Bulletin, Winter 2013

For tax year 2011, the IRS reported receiving 145.5 million individual income tax returns altogether; by far the largest subgroup came from those with adjusted gross income under $15,000, while approximately 3 million reported AGI of $250,000 or more.

Source: IRS Statistics of Income Bulletin, Winter 2013

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By and large, taxypayers claim that they believe it's unacceptable to cheat on your taxes in roughly the same proportion as usual, with the same brave minority -- about a tenth of respondents -- willing to come out and say that a little cheating doesn't bother them.

Source: 2012 IRS Oversight Board Taxpayer Attitude Survey

To mark the 100th anniversary of the passage of the 16th Amendment, which instate the income tax, CCH released a fascinating, if gloomy report that included a comparison of income tax rates then and now ... . Note that in 1913 there were no separate brackets for single or married filers.

Source: CCH, a Wolters Kluwer business



Tax Extenders You Can Count On

Tax extenders, temporary tax provisions that are reinstated by Congress on a regular basis, have been a recurring part of the tax arena for years. Most of the current group up for debate have expired at the end of 2013, and their eventual extension will be retroactive, but not all will be extended. Here are the best bets.

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The 2014 Technology Pacesetters

Our annual list of innovative accounting resellers

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Firm Fitness: 10 Ways to Keep Your Staff Healthy

Health and wellness perks from our Best Firms to Work For

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The Best Firms to Work For Awards 2014

Accounting Today recognizes the profession's best workplaces

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10 Year-End Tax Tips

As 2014 draws to a close, there may be more planning opportunities than ever before, but also more traps for the unwary, according to Grant Thornton LLP.

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The 2014 MP Elite

The third edition of our annual report highlights 10 outstanding accounting firm leaders.

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Most Unusual Resume Lies

The pressure to stand out in a sea of applicants may tempt job seekers at accounting firms and other businesses to be less than honest on their resumes. When CareerBuilder asked about the most unusual lie they've ever caught on a resume, employers recalled these doozies.

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10 Ways to Be More Memorable

Tips to help professionals stand out (in a good way)

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6 Tips to Prevent a Data Breach

The steps businesses should take to protect against a credit card breach, according to the AICPA

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7 Signs Your Best Employees Are About to Leave

Tell-tale indicators that your rock stars are eyeing the door

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