September 30, 1994
Individual Income Tax Rates
& Tax Shares Released
WASHINGTON - For 1990, the top five percent of individual
income tax returns accounted for 43.64 percent of the tax, based
on adjusted gross income.
Average tax per individual tax return was $4,976, with an
average tax rate of 13.55 percent, based on adjusted gross income.
These figures demonstrate the continued steady decline in tax rate
percentages from 1988 and 1989, the first two years of the
two-bracket tax structure introduced by the Tax Reform Act of 1986.
1991 corporation income tax returns show that profits dropped
for the third consecutive year, seven percent less than in 1990. As
a result, total income tax after credits dropped from $96.4 billion
to $92.6 billion, the first decline in tax since 1985.
U.S. income paid to foreigners, mostly corporations, was more
than $70 billion in 1991, 27 percent more than in 1989, the last
year for which statistics are complete. However, the $2 billion in
U.S. tax withheld on this income was six percent less than in 1989,
mainly because of a decrease in dividends subject to high
withholding rates and an increase in income exempt from withholding.
These and other statistics are reported in the Internal Revenue
Service's Summer 1994 Statistics of Income Bulletin, available now
from the Superintendent of Documents, U.S. Government Printing
Office, P.O. Box 37194, Pittsburgh, PA 25250-7954. Annual
subscriptions are $25 for four issues; single issues cost $13.
For other statistical information, write the Director,
Statistics of Income CP:S, Internal Revenue Service, P.O. Box 2608,
Washington, DC 20013-2608, dial the Statistics of Income electronic
bulletin board (202) 874-9574, or call the statistical information
services desk (202) 874-0410 (NOT a toll-free call).
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