Selected historical and other data

Statistics of Income Bulletin, Summer, 2004

Table 4

[1] Reflects changes made to data as part of the 2003 Comprehensive Revision of the National Income and Product Accounts (NIPAs). For details of this revision, see the Bureau of Economic Analysis website at: http://www.bea.gov/bea/dn/ 2003benchmark/CR2003content.htm.

[2] Consists of imputed rental income of owner-occupied non-farm dwellings (less actual rental income and subsidies); services to individuals furnished without payment by certain financial intermediaries; premium supplements to individuals for property and casualty insurance; farm products consumed on farms; food furnished to employees, including military and domestic service; clothing issued to military personnel; employee's lodging; and imputed income of individuals participating in the construction of their own housing.

[3] Consists of income earned by low-income individuals who are not required to file income tax returns, of unreported income that is included in the NIPA measure, and of errors and omissions in which comprise items in the portion of personal income not included in AGI and the portion of AGI not included in personal income. Also includes the net effect of errors in the IRS adjusted gross income and NIPA personal income measures. Such errors can arise from the sample used by the IRS to estimate AGI and from the source data used by BEA to estimate personal income (per NIPA).

SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts (NIPA's), Table 7.19: Comparison of Personal Income in the National Income and Product Accounts with Adjusted Gross Income as Published by the Internal Revenue Service. This table appears periodically in the Survey of Current Business and can also be accessed on-line at: http://www.bea.gov/bea/ dn/nipaweb/index.asp.

Tables 5 and 6

[1] See Table 4 for the differences between "personal income" and "adjusted gross income" (AGI).

[2] Reflects changes made to data as part of the 2003 Comprehensive Revision of the National Income and Product Accounts (NIPAs). For details of this revision, see the Bureau of Economic Analysis website at http://www.bea.gov/bea/dn/ 2003benchmark/CR2003content.htm.

[3] Data for years 1987 and after are not comparable to pre-1987 data because of major changes in the definition of "adjusted gross income" (AGI).

SOURCE: Data on "personal income" and "adjusted gross income" (AGI) (per NIPA's) are from U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Product Accounts (NIPA's), Table 7.19: Comparison of Personal Income in the National Income and Product Accounts with Adjusted Gross Income as Published by the Internal Revenue Service. This table appears periodically in the Survey of Current Business and can also be accessed on-line at: http://www.bea.gov/bea/dn/nipaweb/ index.asp. Data on "adjusted gross income" (AGI) (per SOI) in Table 6 are from Statistics of Income-Individual Income Tax Returns, appropriate years.

Table 7

[1] Sum of standard and itemized deductions, plus charitable contributions deduction reported on standard deduction returns for Tax Years 1982-1986. Amount of total deductions for 1950-1957 was estimated by Joseph A. Pechman, The Brookings Institution, using his estimate of the standard deduction for these years (see footnote 4, below) plus the total for itemized deductions published in Statistics of Income--Part 1 for 1950-1953 and Statistics of Income--Individual Income Tax Returns for 1954-1957. Starting with 1958, total deductions were obtained directly from Statistics of Income--Individual Income Tax Returns. Deductions exclude amounts shown as "statutory adjustments" in Table 1. For Tax Years 1987-1988, total deductions also include the "zero bracket amount" reported on a small number of returns (see footnote 4). It includes total deductions as reported by taxpayers, even if the total exceeded "adjusted gross income" (AGI) and, therefore, could not be used.