Washington (April 24, 2003) -- Of the 130.5 million individual income tax returns filed for Tax Year 2001, the number of returns filed increased by 0.9 percent while total income tax decreased by 8.6 percent, according to the just-released Winter 2003 edition of the Statistics of Income Bulletin.
The quarterly bulletin, prepared by the Internal Revenue Service, estimates that the total number of tax returns to be filed in 2003 will reach 230.6 million. At an estimated annual growth rate of 1.7 percent, the total number will reach 253.6 million by 2009, according to the bulletin. These totals are comprised mainly of "primary" returns — individual, corporation, partnership, and employment tax returns — and "supplemental" returns — mostly amended returns and documents filed by individuals and corporations requesting extensions of time to file.
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