TABLE 1
SELECT RETURN DATA 2004                    
                       
                       
  (units) 1990 1997 1998 1999 2000 2001 2002 2003 2004 2004/2003
                       
RETURNS   655,791 868,393 887,671 909,959 929,143 936,965 949,322 964,687 987,914 2.41%
ADJUSTED GROSS INCOME (AGI) ($million) $17,470 $32,136 $34,617 $37,017 $39,958 $39,739 $39,316 $40,940 $44,084 7.68%
PERSONAL EXEMPTIONS   1,553,596 1,927,143 1,967,873 2,014,247 2,055,743 2,106,532 2,158,213 2,226,549 2,281,001 2.45%
FEDERAL TAXES* ($million) $1,932 $4,108 $4,149 $4,467 $5,049 $4,548 $4,128 $4,019 $4,244 5.59%
ITEMIZED DEDUCTIONS  ($) ($million) $2,828 $5,359 $5,995 $6,499 $7,240 $7,777 $7,893 $7,891 $8,313 5.35%
ITEMIZED DEDUCTIONS  (#)   232,171 316,995 335,468 356,447 375,898 389,084 399,999 388,707 401,392 3.26%
SHARE ITEMIZED   35.4% 36.5% 37.8% 39.2% 40.5% 41.5% 42.1% 40.3% 40.6% 0.84%
ITEMIZED/AGI   16.2% 16.7% 17.3% 17.6% 18.1% 19.6% 20.1% 19.3% 18.9% -2.16%
AGI /RETURN   $26,640 $37,007 $38,998 $40,680 $43,005 $42,412 $41,415 $42,439 $44,624 5.15%
                       
                       
* See the data description for an exact definition.      
                       
SOURCES OF INCOME                      
                       
                       
    1990 1997 1998 1999 2000 2001 2002 2003 2004 2004/2003
                       
TOTAL INCOME ($million) $18,041 $32,387 $34,888 $37,305 $40,266 $40,501 $39,527 $41,532 $44,627 7.45%
  WAGES ($million) $13,761 $23,785 $25,524 $27,188 $29,418 $30,304 $30,729 $31,680 $33,656 6.24%
  INTEREST ($million) $844 $924 $977 $977 $1,089 $1,081 $867 $749 $706 -5.77%
  DIVIDENDS ($million) $301 $499 $525 $594 $649 $518 $462 $511 $567 10.81%
  SOLE PROPRIETORS ($million) $698 $1,045 $1,054 $1,019 $949 $1,032 $962 $983 $1,054 7.14%
  CAPITAL GAINS ($million) $477 $1,949 $2,303 $2,656 $2,935 $1,823 $1,332 $1,470 $2,144 45.86%
  PARTNERSHIPS ($million) $495 $1,714 $1,729 $1,803 $1,854 $2,186 $2,084 $2,175 $2,631 20.99%
  TAXABLE PENSIONS * ($million)   $0 $0 $0 $2,220 $2,238 $2,399 $2,518 $2,693 6.95%
  TAXABLE IRA * ($million)   $0 $0 $0 $576 $551 $515 $537 $591 10.15%
  TAXABLE SS * ($million)   $0 $0 $0 $503 $528 $545 $582 $657 12.94%
  OTHER ($million) $1,467 $2,471 $2,777 $3,069 $74 $239 ($368) $326 ($72) -122.05%