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Table 7.--Standard itemized and total deductions reported on individual income tax returns tax years 1950-2002.(Selected Historical and Other Data)(Illustration)
From:
Statistics of Income. SOI Bulletin
| Date:
September 22, 2004
| COPYRIGHT 2004 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Table 7.--Standard Itemized and Total Deductions Reported on Individual
Income Tax Returns Tax Years 1950-2002
[All figures are estimates based on samples--number of returns is in
millions; money amounts are in billions of dollars]
Standard
Total deductions deduction
Tax Total number As a percentage Number
year of returns Amount [1] of a...
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Deductions
The Washington Post
; The "zero bracket amount," in use for the last few years, has become a footnote to tax history, and we're back once again to the old familiar "standard deduction." As a result of increases in its value, coupled with new restrictions-in a couple of cases even elimination-on some of the old itemized
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