Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Fixed Income

U.S. Individual Income Falls 5.1%

Your article was successfully shared with the contacts you provided.

NU Online News Service, July 29, 2004, 1:32 a.m. EDT

Total U.S. adjusted gross individual income fell 5.1% between 2000 and 2002, to $6 trillion.[@@]

Income from wages and salaries grew, but a drop in income from capital gains and taxable interest caused total individual income taxes to fall 19% over the same period, to $798 billion, according to new data from the Internal Revenue Service.

Net capital gains income fell to $247 billion, from $644 billion, and taxable interest income fell to $139 billion, from $199 billion.

Total income from pensions and annuities increased to $363 billion, from $326 billion.

The IRS has posted the data on the Web at


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.