Table 7.--Taxpayers with Individual Retirement Arrangement (IRA) Plans, by Size of Adjusted
Gross Income, Tax Year 2002
[All figures are estimates based on samples - money amounts are in thousands of dollars]
All taxpayers Taxpayers with IRA coverage reported on Form 5498
Size of adjusted gross income [1] Total With pension coverage Eligible to make Beginning of year FMV [3] Total contributions
on Forms W-2 [2] IRA contributions Number of taxpayers Amount Number of taxpayers
(1) (2) (3) (4) (5) (6)
181,365,169
All taxpayers, total................................................................................... 61,770,158 142,457,497 48,404,401 2,619,376,420 14,613,507
Taxpayers on returns reporting:
2,311,805
No adjusted gross income....................................................................... 99,597 659,722 548,972 28,981,037 109,318
12,505,157
$1 under $5,000....................................................................... 576,100 9,908,568 993,245 27,368,415 263,716
13,880,810
$5,000 under $10,000....................................................................... 1,283,736 10,737,813 1,449,375 47,761,419 238,682
14,253,843
$10,000 under $15,000....................................................................... 2,131,642 10,307,362 2,034,185 75,657,001 390,067
13,864,643
$15,000 under $20,000....................................................................... 2,944,829 9,929,359 2,206,289 86,365,454 480,597
12,670,022
$20,000 under $25,000....................................................................... 3,682,296 9,497,360 2,244,268 87,602,817 635,392
11,115,521
$25,000 under $30,000....................................................................... 3,725,250 8,715,563 2,210,166 80,151,991 732,563
19,051,089
$30,000 under $40,000....................................................................... 7,120,607 15,098,998 4,429,783 165,127,487 1,381,540
15,718,771
$40,000 under $50,000....................................................................... 6,692,179 12,767,911 4,292,300 170,202,129 1,435,404
29,081,148
$50,000 under $75,000....................................................................... 13,868,333 24,107,809 9,676,328 425,124,309 2,961,027
16,812,627
$75,000 under $100,000....................................................................... 9,062,869 14,299,535 7,009,639 365,889,422 2,248,668
15,619,503
$100,000 under $200,000....................................................................... 8,691,492 13,146,669 8,269,820 587,422,498 2,828,705
3,544,612
$200,000 under $500,000....................................................................... 1,558,335 2,661,318 2,380,879 285,096,077 724,169
625,885
$500,000 under $1,000,000....................................................................... 229,134 426,486 441,263 79,947,416 132,992
309,734
$1,000,000 or more....................................................................... 103,759 193,024 217,889 106,678,948 50,667
Taxpayers with IRA coverage reported on Form 5498--Continued
Size of adjusted gross income [1] Rollovers Roth conversions Withdrawals [4]
Number of taxpayers Amount Number of taxpayers Amount Number of taxpayers Amount
(10) (11) (12) (13) (14) (15)
3,989,390
All taxpayers, total................................................................................... 204,395,870 239,027 3,257,891 11,479,310 123,336,726
Taxpayers on returns reporting:
31,276
No adjusted gross income....................................................................... 1,697,045 1,950 73,051 112,894 1,545,231
46,642
$1 under $5,000....................................................................... 1,759,650 5,775 13,529 251,108 835,467
72,056
$5,000 under $10,000....................................................................... 2,355,063 11,579 65,839 599,975 2,367,968
134,889
$10,000 under $15,000....................................................................... 3,873,140 13,008 55,324 961,958 4,894,046
173,293
$15,000 under $20,000....................................................................... 6,538,582 8,620 48,640 1,056,297 6,002,947
158,687
$20,000 under $25,000....................................................................... 5,437,182 9,632 86,295 809,777 5,058,257
170,309
$25,000 under $30,000....................................................................... 4,317,519 7,609 44,930 696,578 4,404,342
367,032
$30,000 under $40,000....................................................................... 12,757,341 17,799 79,790 1,250,134 9,290,782
354,333
$40,000 under $50,000....................................................................... 11,669,917 23,027 196,754 1,015,689 8,660,299
825,300
$50,000 under $75,000....................................................................... 34,275,823 66,426 945,468 2,064,346 23,888,760
634,013
$75,000 under $100,000....................................................................... 32,598,274 35,161 512,216 1,211,094 17,354,778
780,029
$100,000 under $200,000....................................................................... 52,543,587 37,691 949,292 1,133,116 24,765,281
191,014
$200,000 under $500,000....................................................................... 24,636,730 402 37,653 258,000 10,812,009
34,212
$500,000 under $1,000,000....................................................................... 5,853,851 298 116,282 39,156 2,233,436
16,455
$1,000,000 or more....................................................................... 4,082,166 52 32,829 19,188 1,223,120
[1] On joint returns, both taxpayers are placed into the same adjusted gross income class, as determined by the total amount on the return.
[2] Number of taxpayers with pension coverage is determined from Form W-2 box 13, which indicates participation in a retirement plan.
[3] Beginning-of-year fair market value is based on the Tax Year 2001 sample's yearend fair market value. However, the 2001 fair market value data are classified by each
taxpayer's 2002 adjusted gross income.
[4] Withdrawals are reported on Form 1099-R; does not include withdrawals for the purpose of rollovers to other IRA accounts if the transfer was made by the trustee;
Roth IRA conversions are shown separately.
[5] Column 16 is equal to the change in fair market value (column 18 less column 5) minus total contributions (column 7), rollovers (column 11), plus withdrawals
(column 15); Roth conversions do not affect total fair market value.
NOTES: Except as noted, all data are from matched Forms 1040 and 5498. Details may not add to totals due to rounding.
Source: IRS, Statistics of Income Spring 2006 Bulletin, Publication 1136, July 2006. Also, matched file of income tax returns, Forms 5498, and 1099-R for Tax Year 2002.
e reported on Form 5498
Total contributions Contributions deductible on Form 1040
Amount Number of taxpayers Amount
(7) (8) (9)
42,297,246 4,323,155 14,757,556
289,908 13,107 36,974
468,393 33,741 57,916
472,240 63,401 130,771
684,177 130,602 235,231
835,518 192,314 441,921
1,170,122 240,605 567,890
1,416,318 259,743 612,795
2,988,986 509,400 1,368,021
3,205,260 445,574 1,250,347
7,521,050 775,950 2,339,244
6,568,178 585,545 1,917,518
10,865,783 794,106 3,651,297
4,560,726 228,638 1,752,909
933,943 35,278 285,013
316,643 15,151 109,707
Return on End of year FMV
investment [5] Number of taxpayers Amount
(16) (17) (18)
-210,008,306 49,907,974 2,532,724,504
39,368,568 535,972 68,791,327
-6,627,959 1,007,231 22,133,032
-4,231,439 1,424,510 43,989,315
-7,700,916 1,988,274 67,619,356
-2,236,680 2,302,359 85,499,927
-11,990,681 2,340,612 77,161,183
-4,204,279 2,328,631 77,277,207
-19,900,822 4,570,542 151,682,210
-24,309,898 4,477,032 152,107,109
-39,555,912 10,077,581 403,476,510
-49,332,765 7,235,596 338,368,331
-79,865,297 8,531,669 546,201,290
7,435,946 2,420,827 310,917,470
-17,175,347 450,159 67,326,427
10,319,175 216,979 120,173,812