How it all panned out.
Position | Internal Revenue Service's latest reports in the Statistics of Income Bulletin - Brief article |
The IRS released the fall 2008 issue of the Statistics of Income Bulletin, which features information on 138.4 million individual income tax returns filed for tax year 2006. Among the figures:
[ILLUSTRATION OMITTED]
* Adjusted gross income less deficit (losses) reported for 2006 totaled $8 trillion, an 8.2 percent increase from the previous year.
* Taxable income increased 8.6 percent to $5.6 trillion.
* Total income tax rose 9.5 percent to $1 trillion.
* The number of returns that reported an alternative minimum tax liability decreased by 1 percent between 2005 and...
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