February 22, 1995
IRS Reports 1991 Corporation Income Statistics
WASHINGTON - In its latest report of corporation income tax
statistics, the IRS reveals that approximately 3.8 million active
corporations filed returns for 1991, a 2.3 percent increase over
1990. Total assets increased by 4.6 percent to $19 trillion, while
total receipts were $11.4 trillion, an increase of 0.2 percent. Net
income (less deficit) was $344.9 billion, and income subject to tax
was $350 billion. Total income tax after credits was $92.6 billion,
a decrease of 4 percent from 1990.
This and other detailed information on assets, liabilities,
receipts, deductions, net income, income tax liability, and tax
credits are outlined in IRS's Publication 16, Statistics of Income
-- 1991 Corporation Income Tax Returns, available now. Information
is presented by industry, asset size, business receipts size,
accounting period ended, and other selected tabulations.
The 291 page report is available for $20 from the Superintendent
of Documents, U.S. Government Printing Office, Washington, D.C.
Previous | Next
1995 IRS News Releases | News Releases Main | Home