INDIVIDUAL INCOME TAX REVENUE AND REAL GDP GROWTH
(amounts in billions of dollars)
as % of as % of as % of Gross
Personal Reported Taxable Income Personal Reported Taxable Domestic
Year Income AGI* Income Tax Income AGI* Income Product
---- -------- -------- -------- -------- -------- -------- -------- --------
1950 229.0 179.1 84.3 18.4 8.0 10.3 21.8 293.8
1951 258.0 202.3 99.2 24.2 9.4 12.0 24.4 339.3
1952 275.4 215.3 107.2 27.8 10.1 12.9 25.9 358.3
1953 291.9 228.7 114.3 29.4 10.1 12.9 25.7 379.4
1954 294.5 229.2 115.3 26.7 9.1 11.6 23.2 380.4
1955 316.1 248.5 128.0 29.6 9.4 11.9 23.1 414.8
1956 339.6 267.7 141.5 32.7 9.6 12.2 23.1 437.5
1957 358.7 280.3 149.4 34.4 9.6 12.3 23.0 461.1
1958 369.0 281.2 149.3 34.3 9.3 12.2 23.0 467.2
1959 392.8 305.1 166.5 38.6 9.8 12.7 23.2 506.6
1960 411.5 315.5 171.6 39.5 9.6 12.5 23.0 526.4
1961 429.0 329.9 181.8 42.2 9.8 12.8 23.2 544.7
1962 456.7 348.7 195.3 44.9 9.8 12.9 23.0 585.6
1963 479.6 368.8 209.1 48.2 10.1 13.1 23.1 617.7
1964 514.6 396.7 229.9 47.2 9.2 11.9 20.5 663.6
1965 555.7 429.2 255.1 49.6 8.9 11.6 19.4 719.1
1966 603.9 468.5 286.3 56.1 9.3 12.0 19.6 787.8
1967 648.3 504.8 315.1 63.0 9.7 12.5 20.0 832.6
1968 712.0 554.4 352.8 76.7 10.8 13.8 21.7 910.0
1969 778.5 603.5 388.8 86.6 11.1 14.3 22.3 984.6
1970 838.8 631.7 401.2 83.9 10.0 13.3 20.9 1038.5
1971 903.5 673.6 414.0 85.4 9.5 12.7 20.6 1127.1
1972 992.7 746.0 447.6 93.6 9.4 12.5 20.9 1238.3
1973 1110.7 827.1 511.9 108.1 9.7 13.1 21.1 1382.7
1974 1222.6 905.5 573.6 123.6 10.1 13.6 21.5 1500.0
1975 1335.0 947.8 595.5 124.5 9.3 13.1 20.9 1638.3
1976 1474.8 1053.9 674.9 141.8 9.6 13.5 21.0 1825.3
1977 1633.2 1158.5 733.8 159.8 9.8 13.8 21.8 2030.9
1978 1837.7 1302.4 846.4 188.2 10.2 14.5 22.2 2294.7
1979 2062.2 1465.4 926.6 214.5 10.4 14.6 23.1 2563.3
1980 2307.9 1613.7 1045.2 250.3 10.8 15.5 23.9 2789.5
1981 2591.3 1772.6 1170.1 284.1 11.0 16.0 24.3 3128.4
1982 2775.3 1852.1 1231.9 277.6 10.0 15.0 22.5 3255.0
1983 2960.7 1942.6 1300.2 274.2 9.3 14.1 21.1 3536.7
1984 3289.5 2139.9 1447.0 301.9 9.2 14.1 20.9 3933.2
1985 3526.7 2306.0 1550.5 325.7 9.2 14.1 21.0 4220.3
1986 3722.4 2481.7 1665.6 367.3 9.9 14.8 22.1 4462.8
1987 3947.4 2773.8 1850.6 369.2 9.4 13.3 20.0 4739.5
1988 4253.7 3083.0 2070.0 412.9 9.7 13.4 19.9 5103.8
1989 4587.8 3256.4 2173.3 432.9 9.4 13.3 19.9 5484.4
1990 4878.6 3405.4 2263.7 447.1 9.2 13.1 19.8 5803.1
1991 5051.0 3464.5 2284.1 448.4 8.9 12.9 19.6 5995.9
1992 5362.0 3629.1 2395.7 476.2 8.9 13.1 19.9 6337.7
1993 5558.5 3723.3 2453.5 502.8 9.0 13.5 20.5 6657.4
1994 5842.5 3907.5 2598.0 534.9 9.2 13.7 20.6 7072.2
1995 6152.3 4189.4 2813.8 588.4 9.6 14.0 20.9 7397.7
1996 6520.6 4536.0 3089.7 658.2 10.1 14.5 21.3 7816.9
1997 6915.1 4969.9 3429.1 731.3 10.6 14.7 21.3 8304.3
1998 7423.0 5416.0 3780.8 788.5 10.6 14.6 20.9 8747.0
1999 7802.4 5855.5 4136.1 877.4 11.2 15.0 21.2 9268.4
2000 8429.7 6365.4 4544.2 980.6 11.6 15.4 21.6 9817.0
2001 8724.1 6170.6 4268.5 888.0 10.2 14.4 20.8 10128.0
2002 8881.9 6033.6 4096.1 797.0 9.0 13.2 19.5 10469.6
2003 9163.6 6207.1 4200.2 748.0 8.2 12.1 17.8 10960.8
2004 9731.4 6788.8 4670.2 832.0 8.5 12.3 17.8 11685.9
2005 12433.9
2006 13194.7
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INDIVIDUAL INCOME TAX REVENUE AND REAL GDP GROWTH
(real GDP in billions of chained 2000 dollars)
Percent of GDP Real Gross Domestic Product
----------------------------------- -----------------------------------
billions 5-year 10-year
Personal Reported Taxable Income of 2000 Annual Average Average
Year Income AGI* Income Tax dollars Growth Growth Growth
---- -------- -------- -------- -------- -------- -------- -------- --------
1950 77.9 61.0 28.7 6.3 1777.3 8.7 0.1 6.0
1951 76.0 59.6 29.2 7.1 1915.0 7.7 3.9 5.0
1952 76.9 60.1 29.9 7.8 1988.3 3.8 4.8 3.6
1953 76.9 60.3 30.1 7.7 2079.5 4.6 4.9 2.4
1954 77.4 60.3 30.3 7.0 2065.4 -0.7 4.8 1.5
1955 76.2 59.9 30.9 7.1 2212.8 7.1 4.5 2.3
1956 77.6 61.2 32.3 7.5 2255.8 1.9 3.4 3.6
1957 77.8 60.8 32.4 7.5 2301.1 2.0 3.0 3.9
1958 79.0 60.2 32.0 7.3 2279.2 -1.0 1.9 3.4
1959 77.5 60.2 32.9 7.6 2441.3 7.1 3.4 4.1
1960 78.2 59.9 32.6 7.5 2501.8 2.5 2.5 3.5
1961 78.8 60.6 33.4 7.7 2560.0 2.3 2.6 3.0
1962 78.0 59.5 33.4 7.7 2715.2 6.1 3.4 3.2
1963 77.6 59.7 33.9 7.8 2834.0 4.4 4.5 3.2
1964 77.5 59.8 34.6 7.1 2998.6 5.8 4.2 3.8
1965 77.3 59.7 35.5 6.9 3191.1 6.4 5.0 3.8
1966 76.7 59.5 36.3 7.1 3399.1 6.5 5.8 4.2
1967 77.9 60.6 37.8 7.6 3484.6 2.5 5.1 4.3
1968 78.2 60.9 38.8 8.4 3652.7 4.8 5.2 4.8
1969 79.1 61.3 39.5 8.8 3765.4 3.1 4.7 4.4
1970 80.8 60.8 38.6 8.1 3771.9 0.2 3.4 4.2
1971 80.2 59.8 36.7 7.6 3898.6 3.4 2.8 4.3
1972 80.2 60.2 36.1 7.6 4105.0 5.3 3.3 4.2
1973 80.3 59.8 37.0 7.8 4341.5 5.8 3.5 4.4
1974 81.5 60.4 38.2 8.2 4319.6 -0.5 2.8 3.7
1975 81.5 57.9 36.3 7.6 4311.2 -0.2 2.7 3.1
1976 80.8 57.7 37.0 7.8 4540.9 5.3 3.1 3.0
1977 80.4 57.0 36.1 7.9 4750.5 4.6 3.0 3.2
1978 80.1 56.8 36.9 8.2 5015.0 5.6 3.0 3.2
1979 80.5 57.2 36.1 8.4 5173.4 3.2 3.7 3.3
1980 82.7 57.8 37.5 9.0 5161.7 -0.2 3.7 3.2
1981 82.8 56.7 37.4 9.1 5291.7 2.5 3.1 3.1
1982 85.3 56.9 37.8 8.5 5189.3 -1.9 1.8 2.4
1983 83.7 54.9 36.8 7.8 5423.8 4.5 1.6 2.3
1984 83.6 54.4 36.8 7.7 5813.6 7.2 2.4 3.1
1985 83.6 54.6 36.7 7.7 6053.7 4.1 3.3 3.5
1986 83.4 55.6 37.3 8.2 6263.6 3.5 3.5 3.3
1987 83.3 58.5 39.0 7.8 6475.1 3.4 4.5 3.2
1988 83.3 60.4 40.6 8.1 6742.7 4.1 4.5 3.0
1989 83.7 59.4 39.6 7.9 6981.4 3.5 3.7 3.1
1990 84.1 58.7 39.0 7.7 7112.5 1.9 3.3 3.3
1991 84.2 57.8 38.1 7.5 7100.5 -0.2 2.6 3.0
1992 84.6 57.3 37.8 7.5 7336.6 3.3 2.5 3.5
1993 83.5 55.9 36.9 7.6 7532.7 2.7 2.2 3.4
1994 82.6 55.3 36.7 7.6 7835.5 4.0 2.3 3.0
1995 83.2 56.6 38.0 8.0 8031.7 2.5 2.5 2.9
1996 83.4 58.0 39.5 8.4 8328.9 3.7 3.2 2.9
1997 83.3 59.8 41.3 8.8 8703.5 4.5 3.5 3.0
1998 84.9 61.9 43.2 9.0 9066.9 4.2 3.8 3.0
1999 84.2 63.2 44.6 9.5 9470.3 4.4 3.9 3.1
2000 85.9 64.8 46.3 10.0 9817.0 3.7 4.1 3.3
2001 86.1 60.9 42.1 8.8 9890.7 0.8 3.5 3.4
2002 84.8 57.6 39.1 7.6 10048.8 1.6 2.9 3.2
2003 83.6 56.6 38.3 6.8 10301.0 2.5 2.6 3.2
2004 83.3 58.1 40.0 7.1 10675.8 3.6 2.4 3.1
2005 11003.4 3.1 2.3 3.2
2006 11319.4 2.9 2.7 3.1
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* AGI is Adjusted Gross Income. See SOI Bulletin Historical Table 4 for
differences between “personal income” and “adjusted gross income”.
Source: Internal Revenue Service, Individual Time Series Statistical Tables,
SOI Bulletin Historical Table 6 and SOI Bulletin Historical Table 8;
Bureau of Economic Analysis, Current-dollar and "real" GDP
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