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Article: Individual income tax rates and tax shares, 2000.
- Article from:
- Statistics of Income. SOI Bulletin
- Article date:
- December 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Taxpayers filed 129.4 million individual income tax returns for Tax Year 2000, of which more than 96.8 million, or 74.8 percent, showed some income tax liability. The average tax rate on all taxable returns increased 0.4 percentage points from 1999 to 16.1 percent in 2000. On these taxable returns, the average adjusted gross income (less deficit) (AGI) rose 6.4 percent to $62,832, while, average total income tax increased 9.1 percent to $10,129. Total AGI reported on taxable returns increased 9.0 percent to $6,083 billion, while total income tax increased 11.8 percent to $981 billion. The alternative minimum tax (AMT) rose 48.2 percent to $9.6 billion, its highest level ...