IRS Releases Stats on Taxpayers Earning More Than $200K


The Internal Revenue Service today announced the spring 2014 issue of the Statistics of Income Bulletin is now available, featuring information on high-income individual income tax returns filed for tax year 2011.

The Spring 2014 Statistics of Income Bulletin just released by the Internal Revenue Service shows almost 5 million taxpayers filed  returns with adjusted gross incomes of $200,000 or more in 2011, up over 9 percent from 2010. This reflects about 3 percent of all returns filed for the tax year.

The Statistics of Income (SOI) Division produces the SOI Bulletin on a quarterly basis.  Articles included in the publication provide the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin also includes articles on the following topics:

  • Individual Income Tax Rates and Shares, 2011: Of the 145 million individual tax returns filed in tax year 2011, almost 92 million were classified as taxable returns or returns with a total income tax greater than $0. Adjusted gross income (AGI) for taxable returns was nearly $7.7 trillion, up 6 percent from the prior year. Total income tax was more than $1 trillion. To be included in the top 1 percent of returns for 2011 required an AGI of $388,905.
  • Individual Noncash Contributions, 2011: For tax year 2011, there were more than 22 million individual taxpayers who reported a total of $43.6 billion in deductions for noncash charitable contributions. About a third (7.5 million) of these taxpayers reported nearly $39 billion in deductions for charitable contributions of $500 or more.
  • Individual Foreign-Earned Income and Foreign Tax Credit, 2011: Nearly 450,000 U.S. taxpayers reported $54 billion of foreign-earned income for tax year 2011. This represented growth in real terms of over 32 percent since the last study in 2006.

The Statistics of Income Bulletin is available for download at IRS.gov/taxstats. Printed copies of the Statistics of Income Bulletin are available from the Superintendent of Documents, U.S. Government Printing Office, P.O. Box 371954, Pittsburgh, PA 15250-7954. The annual subscription rate is $67 ($93.80 foreign); single issues cost $44 ($61.60 foreign).

For more information about these data, write to the Internal Revenue Service (RAS:S), Director, Statistics of Income, 1111 Constitution Ave. NW, (K-Room 4160), Washington, DC 20224-0002.

For Help or More Information

If you need help with human resources and internal controls, compliance and risk management, or other business and performance management concerns please contact the author of this update, Cynthia Marcotte Stamer.

A Board Certified Labor and Employment attorney, Fellow in the American Bar Association, Texas Bar Association and American College of Employee Benefit Council,  Ms. Stamer is recognized, internationally, nationally and locally for her work for her extensive and creative knowledge and experience helping businesses and government manage people, process and risk.

Ms. Stamer continuously advises and assists employers, bankruptcy trustees, investors, creditors, government agencies and others to address a wide range of performance management and operational concerns.  She also assists these and other organizations to investigate and address compliance, liability and operational crises and ongoing issues, as well as to design, reengineer, administer and defend their business, workforce, employee benefit plan and other operations and practice to deal wtih evolving legal, financial and other operational requirements.  Her work includes more than 25 years of helping these and other clients prevent and solve problems and achieve other business goals and objectives.

A primary drafter of the Bolivian Social Security pension privatization law, Ms. Stamer also works extensively with management, service provider and other clients to shape, monitor and respond to legislative and regulatory developments and to deal with Congressional and state legislators, regulators, and enforcement officials on regulatory, investigatory or enforcement concerns.

Recognized in Who’s Who In American Professionals, Ms. Stamer’s experience includes 25 years extensive involvement helping businesses, employee benefit plans and their fiduciaries and others prevent, investigate and redress fraud and other misconduct concerns impacting their operations, funds and investments and other essential functions and liabilities.

Ms. Stamer serves on the Editorial Advisory Board of HR.com, Insurance Thought Leaders, Employee Benefits News, and in the leadership of many other other professional and civic organizations.   She also is a widely published author and highly regarded speaker on these matters. Her insights on these and other matters appear in the Bureau of National Affairs, Spencer Publications, the Wall Street Journal, the Dallas Business Journal, the Houston Business Journal, Modern and many other national and local publications.   You can learn more about Ms. Stamer and her experience, review some of her other training, speaking, publications and other resources, and register to receive future updates about developments on these and other concerns from Ms. Stamer here.

About Solutions Law Press, Inc.

Solutions Law Press, Inc.™ provides business risk management, legal compliance, management effectiveness and other resources, training and education on human resources, employee benefits, compensation, data security and privacy, health care, insurance, and other key compliance, risk management, internal controls and other key operational concerns. If you find this of interest, you also be interested in exploring other Solutions Law Press, Inc. ™ tools, products, training and other resources here.

Other Helpful Resources & Other Information

If you found these updates of interest, you also be interested in one or more of the following other recent articles published in this electronic Solutions Law publications available for review here including:

If you or someone else you know would like to receive future updates about developments on these and other concerns, please be sure that we have your current contact information – including your preferred e-mail by creating or updating your profile at here.

For important information about this communication click here. THE FOLLOWING DISCLAIMER IS INCLUDED TO COMPLY WITH AND IN RESPONSE TO U.S. TREASURY DEPARTMENT CIRCULAR 230 REGULATIONS.  ANY STATEMENTS CONTAINED HEREIN ARE NOT INTENDED OR WRITTEN BY THE WRITER TO BE USED, AND NOTHING CONTAINED HEREIN CAN BE USED BY YOU OR ANY OTHER PERSON, FOR THE PURPOSE OF (1) AVOIDING PENALTIES THAT MAY BE IMPOSED UNDER FEDERAL TAX LAW, OR (2) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY TAX-RELATED TRANSACTION OR MATTER ADDRESSED HEREIN.

©2013 Cynthia Marcotte Stamer, P.C.  Non-Exclusive License To Republish Granted To Solutions Law Press, Inc.  All Other Rights Reserved.

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About Cynthia Marcotte Stamer

Management attorney and operations consultant Cynthia Marcotte Stamer uses a client objective oriented approach to help businesses, governments, associations and their leaders manage performance, operations and risks.
This entry was posted in CEO, Director Liabiloity, Employee Benefits, Employment, Fiduciary Responsibility, Health Plans, Tax and tagged . Bookmark the permalink.

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