IRS issues numbers galore
As you might imagine, the federal agency charged with collecting taxes, tracking taxpayers and enforcing tax laws tends to produce a tremendous amount of paperwork. If you like data, the Internal Revenue Service’s “Statistics of Income” (pdf document) contains a flood of them.
Such as
U.S. personal wealth in 2004: In 2004, an estimated 2.7 million adults with gross assets of $1.5 million or more owned nearly $11.1 trillion in assets. With a combined net worth of more than $10.2 trillion, where net worth is defined as gross asset value less debts and mortgages, these top wealth holders made up only about 1.2 percent of the total U.S. adult population, although they held 20.3 percent of the total U.S. net worth in 2004.
and
Information returns filed by tax-exempt organizations: Nonprofit charitable organizations exempt from income tax filed more than 286,000 information returns for tax year 2005, an increase of 4 percent from tax year 2004. These organizations held more than $2.2 trillion in assets, an increase of 9 percent from the previous tax year. Information returns for tax year 2005 were filed with the IRS in calendar years 2006 and 2007.
and
Growth in the number of partnerships and total partnership net income between 2005 and 2006: The number of partnerships increased 6.6 percent, from more than 2.7 million in tax year 2005 to more than 2.9 million in tax year 2006. Total partnership net income (loss) increased by 22.1 percent between the two years, from $546.2 billion to $666.7 billion.
Don Mecoy
Business Writer
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