Journal Article Changes in Income Reported On Federal Tax Returns
Roberton C. Williams, Lydia Austin
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The composition of reported income has changed markedly since 1952. Investment income has continued to grow, along with business income, interrupted only by periodic economic downturns. Meanwhile, salaries and wages have declined as a share of income.
Research Areas Taxes and budgets
Tags Individual taxes Taxes and business
Policy Centers Urban-Brookings Tax Policy Center