Individual Income Tax Filing: Adjusted Gross Income (AGI): Partnership and S Corporation Net Income
This dataset tracks individual income tax filing: adjusted gross income (agi): partnership and s corporation net income over time.
Latest Value
6037895.00
Year-over-Year Change
27.43%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Adjusted Gross Income (AGI): Partnership and S Corporation Net Income' metric measures the total net income reported on partnership and S corporation tax returns. This statistic provides insights into the overall profitability of these types of business entities in the United States.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend captures the net income reported on partnership and S corporation tax returns, which are two common business structures in the U.S. The data helps analysts and policymakers understand the performance and contributions of these types of businesses to the broader economy.
Methodology
The data is collected by the Internal Revenue Service (IRS) through individual income tax filings.
Historical Context
This metric is used by economists, investors, and policymakers to assess the health and growth of the small business sector.
Key Facts
- Partnership and S corporation net income totaled $1.4 trillion in 2020.
- This metric has grown at an average annual rate of 5.7% over the past decade.
- S corporations account for over 60% of the total net income reported in this measure.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total net income reported on partnership and S corporation tax returns in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and profitability of these common business structures, which are important contributors to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the Internal Revenue Service (IRS) through individual income tax filings.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this metric to assess the health and growth of the small business sector in the United States.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the tax year and the publication of this data by the IRS.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Adjusted Gross Income (AGI): Partnership and S Corporation Net Income (PSSCNINC), retrieved from FRED.