Tips from the IRS
The Internal Revenue Service today announced that the summer 2015 issue of the Statistics of Income Bulletin is available on IRS.gov. The Statistics of Income (SOI) Division produces this online Bulletin quarterly. Articles provide the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue features articles on the following topics:
- High-Income Tax Returns for 2012. For 2012, there were more than 5 million individual income tax returns with an income of $200,000 or more, accounting for almost 4 percent of all returns for the year. The total number of returns with incomes of $200,000 or more increased by almost 12 percent compared to the total number of returns at that income level for 2011.
- SOI Migration Data: A New Approach. This article discusses improvements to SOI migration data including the switch from partial- to full-year data, improved year-to-year return matching, and new tabulations that show migration flows at the State level, by size of adjusted gross income and age of the primary taxpayer.
- Foreign-Controlled Domestic Corporations, 2012. Although foreign-controlled domestic corporations made up just over one percent of all corporate Federal income tax returns filed for tax year 2012, they accounted for about 16 percent of all corporate receipts -- $4.7 trillion and held more than 14 percent of corporate assets – about $12.3 trillion.
The SOI Bulletin is available for download at IRS.gov/taxstats. For more information about these data, write to the Director, Statistics of Income (SOI) Division, RAS:S, Internal Revenue Service, 1111 Constitution Avenue NW, (K-Room 4112), Washington, DC 20224.
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