Table 2k.--Individual Income Tax, All Returns: Tax Liability, Tax Credits, and Tax Payments in Constant 1990 Dollars,
by Size of Real Adjusted Gross Income, Tax Year 2000, Adjusted for Inflation [1]
[All figures are estimates based on samples--money amounts are in thousands of dollars]
Tax credits
Total Child care Minimum tax Foreign tax
Size of real adjusted Number of credit credit credit
gross income returns Number Number Number Number
of Amount of Amount of Amount of
returns returns returns returns
(1) (2) (3) (4) (5) (6) (7) (8)
129,373,500
All returns............................................................................................... 37,736,095 28,631,721 6,368,101 2,120,577 199,554 977,352 3,935,699
1,146,357
No adjusted gross income............................................................................................... 6,238 2,158 -- -- -- -- 87
16,875,486
$1 under $5,000............................................................................................... 128,546 2,886 *156 *83 *711 *53 118,965
16,436,694
$5,000 under $10,000............................................................................................... 2,034,845 266,008 34,479 2,667 *2,958 *60 125,027
15,575,197 4,296,108
$10,000 under $15,000............................................................................................... 1,698,077 385,901 107,714 *1,792 *772 154,664
12,924,065 4,443,548
$15,000 under $20,000............................................................................................... 2,973,622 637,391 221,629 *1,752 *1,061 123,415
10,332,194 3,551,748
$20,000 under $25,000............................................................................................... 2,336,414 561,810 190,504 *1,380 *238 130,338
8,553,963 3,003,764
$25,000 under $30,000............................................................................................... 2,053,631 485,052 151,339 2,572 1,382 143,685
13,424,013 5,367,900
$30,000 under $40,000............................................................................................... 3,859,974 994,505 322,347 5,191 769 314,689
9,720,641 4,312,288
$40,000 under $50,000............................................................................................... 3,299,832 888,162 293,362 7,286 3,690 328,132
13,265,736 6,572,947
$50,000 under $75,000............................................................................................... 5,101,651 1,445,153 493,170 24,412 19,331 699,984
5,025,664 2,127,193
$75,000 under $100,000............................................................................................... 1,417,264 511,129 185,455 32,181 17,225 451,598
4,386,872 1,169,141
$100,000 under $200,000............................................................................................... 971,431 342,476 120,485 55,289 76,057 748,501
1,279,567 488,225
$200,000 under $500,000............................................................................................... 1,143,182 68,056 26,170 41,128 190,148 390,549
260,118 131,623
$500,000 under $1,000,000............................................................................................... 798,383 9,328 3,769 12,617 171,365 114,296
69,966 40,228
$1,000,000 under $1,500,000............................................................................................... 481,749 2,212 926 3,986 108,283 35,722
30,640 17,917
$1,500,000 under $2,000,000............................................................................................... 289,920 824 350 1,771 66,308 16,177
46,518 29,528
$2,000,000 under $5,000,000............................................................................................... 758,348 1,082 436 3,158 175,353 26,590
12,122 8,390
$5,000,000 under $10,000,000............................................................................................... 432,240 248 108 813 69,782 7,737
7,688
$10,000,000 or more............................................................................................... 5,916 744,951 137 63 556 75,474 5,542
96,817,603
Taxable returns............................................................................................... 29,275,555 23,945,757 5,283,333 1,746,775 195,759 950,320 3,874,960
32,555,897
Nontaxable returns............................................................................................... 8,460,539 4,685,964 1,084,768 373,802 3,795 27,032 60,739
Tax credits--continued Total income tax Total tax liability Earned income credit,
General business
Size of real adjusted credit refundable portion
gross income Number Number Number Number
of Amount of Amount of Amount of
returns returns returns returns
(10) (11) (12) (13) (14) (15) (16)
All returns............................................................................................... 275,114 580,078 96,817,603 744,322,733 99,472,412 772,273,631 16,125,542
No adjusted gross income............................................................................................... -- -- 5,714 93,997 149,951 275,442 54,076
$1 under $5,000............................................................................................... *948 *61 3,727,268 552,390 4,743,095 904,599 3,688,115
$5,000 under $10,000............................................................................................... *982 *159 8,340,439 3,254,100 8,912,459 4,026,172 5,179,164
$10,000 under $15,000............................................................................................... *4,893 *1,295 9,888,765 8,425,869 10,230,638 9,481,673 4,411,640
$15,000 under $20,000............................................................................................... 8,390 6,869 9,958,618 13,593,558 10,227,839 14,853,723 2,328,208
$20,000 under $25,000............................................................................................... 6,707 3,195 9,427,155 17,661,529 9,596,399 19,073,035 464,340
$25,000 under $30,000............................................................................................... 12,941 14,049 8,262,078 20,444,945 8,328,958 21,801,553 --
$30,000 under $40,000............................................................................................... 25,478 26,230 13,214,524 46,263,587 13,259,017 48,899,307 --
$40,000 under $50,000............................................................................................... 26,351 27,267 9,649,713 46,927,899 9,665,994 49,625,883 --
$50,000 under $75,000............................................................................................... 36,930 49,668 13,232,929 103,951,087 13,245,017 108,497,087 --
$75,000 under $100,000............................................................................................... 33,093 55,762 5,020,534 68,210,040 5,022,186 71,085,582 --
6
$100,000 under $200,000............................................................................................... 5,848 94,746 4,384,756 114,628,230 4,385,255 119,133,591 --
3
$200,000 under $500,000............................................................................................... 1,692 93,335 1,278,467 95,754,997 1,278,804 98,164,163 --
10,745
$500,000 under $1,000,000............................................................................................... 51,409 259,882 51,159,756 259,962 51,885,770 --
3,719
$1,000,000 under $1,500,000............................................................................................... 31,301 69,896 24,792,052 69,925 25,066,471 --
1,672
$1,500,000 under $2,000,000............................................................................................... 16,402 30,605 15,424,390 30,618 15,564,618 --
3,009
$2,000,000 under $5,000,000............................................................................................... 53,010 46,466 40,564,920 46,488 40,855,929 --
911
$5,000,000 under $10,000,000............................................................................................... 23,510 12,113 23,418,962 12,118 23,583,705 --
$10,000,000 or more............................................................................................... 807 31,810 7,681 49,200,425 7,687 49,495,328 --
Taxable returns............................................................................................... 256,327 555,440 96,817,603 744,322,733 96,809,221 770,028,775 --
Nontaxable returns............................................................................................... 18,787 24,638 -- -- 2,663,191 2,244,856 16,125,542
* Estimate should be used with caution due to the small number of sample returns on which it is based.
[1] Constant dollars based on CPI-U, where 1990 = 130.7 in 1982-84 dollars and then converted to 100.0. 2000 value is 172.2 converted to 131.8. All amounts are adjusted for inflation.
Source: IRS, Statistics of Income, Unpublished Data, July 2004.
Foreign tax
credit
Amount
(9)
4,546,763
1
1,233
4,848
13,617
11,014
8,903
33,236
62,371
42,090
122,406
210,425
661,037
809,873
559,641
334,238
201,803
514,769
330,458
624,798
4,433,260
113,503
Earned income credit,
refundable portion
Amount
(17)
21,103,574
45,766
2,479,254
9,120,743
7,232,751
2,067,124
157,935
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21,103,574