Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    Book 2

    Uploaded by

    reed561
    This document compares tax returns with over $200k annual gross income to all tax returns across several metrics related to business income. It shows that while returns with over $200k income make up a smaller share of overall returns, they account for a disproportionately large share of total tax liability, particularly for those with business incomes making up over 25% of their gross income. The majority of returns in both groups have no business income or business income making up less than 10% of their gross income.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Book 2

    Uploaded by

    reed561
    7 views1 page
    This document compares tax returns with over $200k annual gross income to all tax returns across several metrics related to business income. It shows that while returns with over $200k income make up a smaller share of overall returns, they account for a disproportionately large share of total tax liability, particularly for those with business incomes making up over 25% of their gross income. The majority of returns in both groups have no business income or business income making up less than 10% of their gross income.

    Original Description:

    Original Title

    Book2

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document compares tax returns with over $200k annual gross income to all tax returns across several metrics related to business income. It shows that while returns with over $200k income make up a smaller share of overall returns, they account for a disproportionately large share of total tax liability, particularly for those with business incomes making up over 25% of their gross income. The majority of returns in both groups have no business income or business income making up less than 10% of their gross income.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    7 views1 page

    Book 2

    Uploaded by

    reed561
    This document compares tax returns with over $200k annual gross income to all tax returns across several metrics related to business income. It shows that while returns with over $200k income make up a smaller share of overall returns, they account for a disproportionately large share of total tax liability, particularly for those with business incomes making up over 25% of their gross income. The majority of returns in both groups have no business income or business income making up less than 10% of their gross income.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    ALL RETURNS > 200k AGI

    Tax Tax
    Liability Liability
    Business Income as Share of AGI # Returns Share ($M) Share # Returns Share ($M) Share
    Negative 26,143 8.6% 69.3 6.2% 767 4.9% 30.5 5.8%
    No business Income 242,449 79.6% 827.1 73.6% 11,280 71.6% 341.6 65.4%
    0 to 10% 13,085 4.3% 134.4 12.0% 1,895 12.0% 93.8 18.0%
    10 to 25% 5,584 1.8% 31.2 2.8% 618 3.9% 18.7 3.6%
    25 to 50% 4,311 1.4% 21.6 1.9% 447 2.8% 13.4 2.6%
    More than 50% 13,142 4.3% 39.7 3.5% 748 4.7% 24.7 4.7%
    ALL RETURNS 304,714 1,123 15,755 522.7
    SOURCE: ORA ITS DATA (TAX YEAR 2008)

    You might also like