Individual Income Tax Filing: Adjusted Gross Income (AGI): Estate or Trust Net Income
ESTNINCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,427,832.00
Year-over-Year Change
97.12%
Date Range
1/1/1999 - 1/1/2016
Summary
The Individual Income Tax Filing: Adjusted Gross Income (AGI): Estate or Trust Net Income trend measures the net income reported on estate or trust tax returns. This metric is important for economists and policymakers to understand the financial health and tax contributions of this segment of the population.
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 series represents the net income reported on U.S. estate or trust tax returns, which is a component of the overall Adjusted Gross Income (AGI) data collected by the Internal Revenue Service. It provides insight into the economic activity and tax base associated with estates and trusts.
Methodology
The data is collected through individual income tax filings and aggregated by the U.S. Internal Revenue Service.
Historical Context
Policymakers and analysts use this trend to assess the economic and tax implications of estate and trust income.
Key Facts
- The estate or trust net income trend represents over $100 billion in annual income.
- This income source accounts for approximately 2% of total U.S. adjusted gross income.
- The trend has shown modest growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Individual Income Tax Filing: Adjusted Gross Income (AGI): Estate or Trust Net Income trend measures the net income reported on U.S. estate or trust tax returns, which is a component of the overall AGI data.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic activity and tax base associated with estates and trusts, which is relevant for policymakers and analysts assessing the financial health and tax contributions of this segment of the population.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filings and aggregated by the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic and tax implications of estate and trust income, which can inform decisions related to taxation and wealth management policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as additional tax filings are processed.
Related Trends
State Tax Collections: T09 General Sales and Gross Receipts Taxes for Pennsylvania
QTAXT09QTAXCAT3PANO
Median Adjusted Gross Income for Oklahoma
MEDAGIOK40A052NCEN
Mean Adjusted Gross Income for Indiana
MEANAGIIN18A052NCEN
State Tax Collections: T41 Corporation Net Income Taxes for New Mexico
QTAXT41QTAXCAT3NMNO
State Tax Collections: T12 Insurance Premiums Sales Tax for Georgia
QTAXT12QTAXCAT3GANO
Mean Adjusted Gross Income for Ohio
MEANAGIOH39A052NCEN
Citation
U.S. Federal Reserve, Individual Income Tax Filing: Adjusted Gross Income (AGI): Estate or Trust Net Income (ESTNINCA), retrieved from FRED.