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Table 8.Personal Income per National Income and Product Accounts , and taxable income and individual income tax per Statistics of Income , tax years 1950-2002

Statistics of Income Bulletin, Fall, 2004

Table 8.--Personal Income per National Income and Product Accounts
(NIPA), and Taxable Income and Individual Income Tax per Statistics of
Income (SOI), Tax Years 1950-2002

[All fiqures are estimates--money amounts are in billions of dollars]

                       Taxable income     Total income tax (per SOI)
                       (per SOI) [3,4]                [4]

                                                     As a percentage
          Personal                As a                     of--
           income               percent-
Tax        (per                  age of                       Taxable
                                personal           Personal   income
year    NIPA) [1,2]  Amount      income   Amount    income     [3]

         (1)           (2)     (3)         (4)         (5)      (6)

1950     229.0          84.3   36.8        18.4     8.0        21.8
1951     258.0          99.2   38.4        24.2     9.4        24.4
1952     275.4         107.2   38.9        27.8    10.1        25.9
1953     291.9         114.3   39.2        29.4    10.1        25.7
1954     294.5         115.3   39.2        26.7     9.1        23.2
1955     316.1         128.0   40.5        29.6     9.4        23.1
1956     339.6         141.5   41.7        32.7     9.6        23.1
1957     358.7         149.4   41.7        34.4     9.6        23.0
1958     369.0         149.3   40.5        34.3     9.3        23.0
1959     392.8         166.5   42.4        38.6     9.8        23.2
1960     411.5         171.6   41.7        39.5     9.6        23.0
1961     429.0         181.8   42.4        42.2     9.8        23.2
1962     456.7         195.3   42.8        44.9     9.8        23.0
1963     479.6         209.1   43.6        48.2    10.1        23.1
1964     514.6         229.9   44.7        47.2     9.2        20.5
1965     555.7         255.1   45.9        49.6     8.9        19.4
1966     603.9         286.3   47.4        56.1     9.3        19.6
1967     648.3         315.1   48.6        63.0     9.7        20.0
1968     712.0         352.8   49.6        76.7    10.8        21.7
1969     778.5         388.8   49.9        86.6    11.1        22.3
1970     838.8         401.2   47.8        83.9    10.0        20.9
1971     903.5         414.0   45.8        85.4     9.5        20.6
1972     992.7         447.6   45.1        93.6     9.4        20.9
1973   1,110.7         511.9   46.1       108.1     9.7        21.1
1974   1,222.6         573.6   46.9       123.6    10.1        21.5
1975   1,335.0         595.5   44.6       124.5     9.3        20.9
1976   1,474.8         674.9   45.8       141.8     9.6        21.0
1977   1,633.2         733.8   44.9       159.8     9.8        21.8
1978   1,837.7         846.4   46.1       188.2    10.2        22.2
1979   2,062.2         926.6   44.9       214.5    10.4        23.2
1980   2,307.9       1,045.2   45.3       250.3    10.8        23.0
1981   2,591.3       1,170.1   45.2       284.1    11.0        24.3
1982   2,775.3       1,231.9   44.4       277.6    10.0        22.5
1983   2,960.7       1,300.2   43.9       274.2     9.3        21.1
1984   3,289.5       1,447.0   44.0       301.9     9.2        20.9
1985   3,526.7       1,550.5   44.0       325.7     9.2        21.0
1986   3,722.4       1,665.6   44.7       367.3     9.9        22.1
1987   3,947.4       1,850.6   46.9       369.2     9.4        20.0
1988   4,253.7       2,070.0   48.7       412.9     9.7        19.9
1989   4,587.8       2,173.3   47.4       432.9     9.4        19.9
1990   4,878.6       2,263.7   46.4       447.1     9.2        19.8
1991   5,051.0       2,284.1   45.2       448.4     8.9        19.6
1992   5,362.0       2,395.7   44.7       476.2     8.9        19.9
1993   5,558.5       2,453.5   44.1       502.8     9.0        20.5
1994   5,842.5       2,598.0   44.5       534.9     9.2        20.6
1995   6,152.3       2,813.8   45.7       588.4     9.6        20.9
1996   6,520.6       3,089.7   47.4       658.2    10.1        21.3
1997   6,915.1       3,429.1   49.6       731.3    10.6        21.3
1998   7,423.0       3,780.8   50.9       788.5    10.6        20.9
1999   7,802.4       4,136.1   53.0       877.4    11.2        21.2
2000   8,429.7       4,544.2   53.9       980.6    11.6        21.6
2001   8,713.1       4,268.5   49.0       888.0    10.2        20.8
2002   8,878.9 [r]   4,096.1   46.1 [r]   797.0     9.0 [r]    19.5

Table 8

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

[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] Excludes the "zero bracket amount" for 19771986; therefore, Table 8 differs from Table 1. Because of major changes in tax law, "taxable income," starting with 1954 and 1987, is not comparable with earlier years. See also Table 1, footnote 28.