August 25, 1995
1992 Income Tax Statistics Released
WASHINGTON - The Summer 1995 issue of IRS Statistics of Income
Bulletin, released today, reports that average tax per individual
tax return for 1992 was $5,491. The average tax rate rose to 13.7
percent, based upon adjusted gross income, the first such increase
since 1988. The top five percent of tax returns, 1.1 million of them
with adjusted gross income of at least $85,103, accounted for 20
percent of total adjusted gross income and 46 percent of the total
income tax for that year.
Total business and investment income for 1992, reported by the
nation's 3.9 million corporations, increased 2.7 percent over 1991
to $11.7 trillion. Corporate net income before taxes grew 16.6
percent to a record $402 billion, with the 6,300 largest companies
accounting for 79 percent of the total. Rebounding from the 1991
decline, corporation income tax after credits increased from $92.6
billion to $101.5 billion.
Other studies report nonprofit charities' revenue increasing 13
percent to 491 billion, with almost two-thirds reported by the 2,400
largest organizations, and that there were 980 Interest-Charge
Domestic International Sales Corporations (IC-DISCs) for 1991.
These and other statistics are included in the IRS' Summer 1995
Statistics of Income Bulletin, available now from the Superintendent
of Documents, U.S. Government Printing Office, Pittsburgh, PA
15250-7954. Annual subscriptions to the quarterly Bulletin cost $26.
Single issues cost $14.
For other statistical information, write to the Director,
Statistics of Income CP:R:S, Internal Revenue Service, P.O. Box
2608, Washington, DC 20013-2608, dial the Statistics of Income
electronic bulletin board on (202) 874-9574, or telephone the
statistical information desk on (202) 874-0410 (NOT a toll-free
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