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% |