In 2019, 4.4 million tax returns (2.8% of the total) claimed the itemized deduction for medical expenses. Tax law changes since 2017 have largely reduced the uptake of the deduction.
July 11, 2022
The IRS workforce has declined substantially over the past three decades. In FY 1991, the IRS had 451 employees per million U.S. residents, whereas it had 237 employees per million U.S. residents three decades later, in FY 2021.
July 4, 2022
Stocks are largely held by the families with the highest incomes. In 2019, the median value of stock holdings held by the top 10% of families by income was just under $400,000, compared with less than $1,000 for the bottom 20% of families by income.
June 27, 2022