Friday, June 10, 2016

Spring 2016 Statistics of Income Bulletin Now Available

WASHINGTON — The Internal Revenue Service has announced that the spring 2016 issue of the Statistics of Income Bulletin is available on featuring preliminary data about individual income tax returns filed for Tax Year 2014.

The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers.

The spring 2016 issue includes articles on the following topics:
  • Individual Income Tax Returns, Preliminary Data, 2014: For Tax Year 2014, taxpayers filed 148.7 million U.S. individual income tax returns, an increase of 0.6 percent from the prior year.  Several notable items showed significant increases in 2014. Adjusted gross income (AGI) rose to $9.7 trillion, an increase of 6.1 percent compared to the prior year. Taxable income also increased appreciably by 8 percent to $6.9 trillion in 2014, as did total income tax, which rose by 10 percent to $1.4 trillion.
  • Municipal Bonds, 2012-2013: Municipal bond issuances in 2012 and 2013 totaled $918.4 billion. Almost all of those issuances (99.6 percent) were tax-exempt bonds. Governmental bonds financed almost $729.6 billion in public projects such as schools, transportation infrastructure, and utilities in 2012 and 2013, while private activity bonds accounted for the remaining $185.3 billion of all tax-exempt bonds over the same period. 
SOI Bulletin articles are available for download at For more information about these data, write to the Director, Statistics of Income (SOI) Division, RAS:S, Internal Revenue Service, 1111 Constitution Avenue NW, (K-Room 4112), Washington, DC 20224.

Related Items:
For help with your legal needs contact a business, tax, and health care law attorney at the offices of AttorneyBritt.

Review-Like-Follow AttorneyBritt On:

Review-Like-Follow Us On Twitter Review-Like-Follow Us On Google-Plus Review-Like-Follow Us On LinkedIn Review-Like-Follow Us On Yelp Review-Like-Follow Us On LinkedIn

No comments:

Post a Comment

Ahmed Arbery Murder Trial Defendants Try To Claim Defense Of Citizens Arrest

Ahmed Arbery, was a man killed by two residents of a subdivision in a South Georgia community. The focus of this comment is strictly lim...