2012 Tax Data: Number of Returns Down, Taxable Income Up

March 31st, 2014
in econ_news, syndication

Econintersect: According to preliminary 2012 tax data released from the Internal Revenue Service (IRS):

  • taxpayers filed 144.9 million U.S. individual income tax returns, a decrease of 0.4 percent from 2011;
  • 3.9% decrease from 2011 in the number of returns with an AGI of under $15,000;
  • overall Adjusted Gross Income (AGI) increased 9.0 percent from 2011;

Follow up:

[click on image to read the full report]

Source: http://www.irs.gov/pub/irs-soi/14inwinbulincomeprlim12.pdf

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