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

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



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