High-income tax returns, 1989

Individual income tax returns with adjusted gross income (AGI) of over $200,000 in 1989 numbered 786,063, or 814,152 using the expanded income concept. The share of all tax returns comprised by high-income returns has increased every year since 1977. In 1989, high-income returns accounted for 0.701% of all returns for AGI and 0.726% for expanded income. No US tax liability accrued for 0.138% of the high-AGI returns; there was no worldwide income tax liability for 0.126%. Data on size of income, distribution of tax levels, characteristics of nontaxable returns and reasons for nontaxability are also presented.