Interesting Stats - Brief Article

California CPA, Oct, 2001

The IRS has released preliminary statistics for Tax Year 1999 indicating that taxpayers filed 127.1 million U.S. individual income tax returns, an increase of 1.9 percent from the 124.7 million returns filed in 1998.

Adjusted gross income, less deficit, increased 8.6 percent to nearly $5.9 trillion. Taxable income increased 10.1 percent to nearly $4.1 trillion. Total income tax increased 12.2 percent to $879.8 billion, and the alternative minimum tax rose 34.3 percent to $5.9 billion.