IRS Issues Spring 1997
Statistics of Income Bulletin

WASHINGTON - As result of more taxpayers with income of $50,000 or more, the average tax rate for 1994 individual income tax returns increased to 14.3 percent. Data on the tax rates for 1994 are presented in the Spring 1997 issue of the Internal Revenue Service quarterly publication, the Statistics of Income Bulletin.

For 1994, the shares of adjusted gross income (AGI) and tax for taxpayers in the top 5 percent ranked by income size remained at 28 percent for AGI and 47.5 percent for tax. To be included in the top 5 percent for 1994 required a tax return to show an AGI of at least $91,226.

Although S Corporations comprised nearly 47 percent of all corporation income tax returns for 1994, the net income they reported was only 18.2 percent of the total. Over 81 percent of these companies had just one or two shareholders.

For 1993, tax-exempt organizations reported $4.7 billion of gross unrelated business income from activities not substantially related to their exempt purposes. About 15,000 of the nearly 33,000 organizations reporting such income also reported a business income tax liability, which amounted to $180.4 million.

Environmental excise taxes were reported by 2,216 businesses for 1995 and totaled $1.4 billion after credits and refunds. About 77 percent of the total was due to the taxes on petroleum and ozone-depleting chemicals. There were 20 businesses that accounted for 54 percent of the total tax.

Tax-exempt public charities recognized by IRS filed 165,599 returns and reported total revenue of $566 billion. Those not required to file returns included religious organizations and organizations with annual gross receipts of less than $25,000. Most of the revenue was program service revenue, the fees collected for the programs operated in support of the exempt purposes. Over half of total program service revenue was reported by nonprofit hospitals.

The Statistics of Income Bulletin is available from the Superintendent of Documents, U.S. Government Printing Office, P.O Box 37194, Pittsburgh, PA 15250-7954. The annual subscription rate is $33 ($41.25 foreign); single issues cost $15 ($18.75 foreign). For other statistical information, write the Director, Statistics of Income (SOI) Division CP:R:S:S:P, Internal Revenue Service, P.O. Box 2608, Washington, DC 20013-2608; dial the SOI electronic bulletin board at (202) 874-9574; check the World Wide Web at http://www.irs.gov; or telephone the SOI statistical information services office at (202) 874-0410 (e-mail soi.sis@wpgate.irs.gov; FAX (202) 874-0964).

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