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Article: Individual income tax rates and shares, 1999.(Statistical Data Included)
- Article from:
- Statistics of Income. SOI Bulletin
- Article date:
- December 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 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 127.1 million individual income tax returns for Tax Year 1999, of which more than 94.5 million, or 74.4 percent, showed some income tax liability. The average tax rate on all taxable returns increased approximately 0.4 percentage points from 1998 to 15.7 percent in 1999. On these taxable returns, the average adjusted gross income (less deficit) (AGI) rose 6.4 percent to $59,028, while average total income tax increased to $9,280, a 9.5-percent increase. Total AGI reported on taxable returns increased 8.2 percent to $5,581 billion, while total income tax increased 11.3 percent to $877 billion.
For the sixth consecutive year, the percent of AGI ...