20151027 treasury response to senator warner

8/20/2019 20151027 Treasury Response to Senator Warner

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Total Dollars Average per

Counts [in billions] Payee [$] 25th Percentile Median 75th Percentile 95th Percentile 99th Percentile

Year [in 000s] Uncapped

Capped at 99.95

Percentile [2] Uncapped

Capped at 99.95

Percentile [2] [$] [$] [$] [$] [$]2000 15,469 333.4 293.2 21,556 18,951 1,400 4,300 15,300 82,100 212,000

2001 15,177 299.0 284.2 19,702 18,724 1,500 4,400 15,400 81,300 211,300

2002 15,927 328.2 306.6 20,608 19,248 1,500 4,500 15,800 82,700 217,800

2003 16,414 343.6 323.6 20,935 19,716 1,500 4,700 16,200 84,700 226,600

2004 16,934 373.3 354.1 22,041 20,911 1,600 4,900 16,900 90,000 239,400

2005 17,125 482.2 378.7 28,158 22,111 1,600 5,000 18,000 94,400 255,400

2006 17,724 413.0 398.3 23,305 22,475 1,700 5,200 18,600 95,400 258,300

2007 17,812 414.1 398.1 23,249 22,348 1,700 5,200 18,200 94,800 254,500

2008 17,756 395.6 377.5 22,281 21,262 1,500 4,900 17,100 89,800 244,800

2009 16,734 345.2 330.2 20,631 19,730 1,600 5,000 16,600 81,700 221,800

2010 16,946 356.1 344.2 21,015 20,310 1,600 5,000 16,900 86,400 226,900

2011 17,438 377.0 361.0 21,619 20,700 1,600 5,000 17,000 86,600 239,300

2012 17,781 399.2 376.7 22,449 21,183 1,600 5,000 17,100 88,200 247,600

Notes:

[1] The data in the table is based upon a random 1 percent sample of recipients of Form 1099-MISC. The data have not been cleaned or edited by the Internal Revenue Service.

[2] Some observations have very large values of non-employee compensation. These high values might be due to errors in coding or transcription errors.

Capping at the 99.95 percentile shows the importance these observations have on the average and total.

Table 1: Summary of Non-Employee Compensation D ata (1099-MISC, Box 7) for Individuals Receiving at Least One 1099-MISC Form [1]

[Current dollars]

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Total Dollars Average per

Counts [in billions] Payee [$] 25th Percentile Median 75th Percentile 95th Percentile 99th Percentile

Year [in 000s] Uncapped

Capped at 99.95

Percentile [2] Uncapped

Capped at 99.95

Percentile [2] [$] [$] [$] [$] [$]

2000 3,417 567.3 438.2 166,047 128,246 3,200 13,300 56,900 352,400 1,752,400

2001 3,379 699.3 485.9 206,930 143,799 3,200 13,500 56,700 362,800 1,925,0002002 3,527 599.1 498.7 169,843 141,388 3,300 13,400 58,500 353,300 1,912,800

2003 3,598 636.8 511.7 176,969 142,196 3,400 13,900 59,900 372,000 1,931,900

2004 3,788 1,023.2 656.9 270,139 173,429 3,300 14,200 63,000 395,200 2,124,400

2005 3,968 831.7 651.2 209,582 164,110 3,600 15,400 66,400 408,800 2,144,600

2006 4,108 958.3 748.8 233,282 182,279 3,800 16,300 70,200 452,500 2,497,600

2007 4,305 1,012.3 828.0 235,148 192,336 3,900 16,800 71,800 457,000 2,495,200

2008 4,447 1,170.9 945.7 263,276 212,649 3,700 16,200 70,000 482,100 2,730,000

2009 4,489 1,154.0 914.7 257,109 203,781 3,600 15,000 63,900 444,800 2,677,000

2010 4,734 1,633.3 1,097.8 345,019 231,897 3,800 15,700 67,400 471,700 2,848,000

2011 4,993 1,689.8 1,207.4 338,439 241,835 4,000 16,900 71,800 495,000 2,993,100

2012 5,194 1,939.6 1,405.7 373,470 270,668 4,100 17,700 75,500 549,500 3,326,500

Notes:

[1] The data in the table is based upon a random 1 percent sample of recipients of Form 1099-MISC. The data have not been cleaned or edited by the Internal Revenue Service.

The data in the table may not represent the distribution of counts and dollars by the tax filing entity. The recipients in this table are determined by Employer Identification

Number (EIN). Some consolidated tax filing entities may use multiple EINs.

[2] Some observations have very large values of non-employee compensation. These high values might be due to errors in coding or transcription errors.

Capping at the 99.95 percentile shows the importance these observations have on the average and total.

[Current dollars]

Table 2: Summary of Non-Employee Compensation Data (1099-MISC, Box 7) for Businesses Receiving at Least One 1099-MISC Form [1]

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Individuals

Receiving Non-

Emp. Comp. Number of

(1099-MISC, Form 1040s

Year box 7) [2] Filed [3]2000 15,469 129,374

2001 15,177 130,255

2002 15,927 130,076

2003 16,414 130,424

2004 16,934 132,226

2005 17,125 134,373

2006 17,724 138,395

2007 17,812 142,979

2008 17,756 142,451

2009 16,734 140,494

2010 16,946 142,892

2011 17,438 145,370

2012 17,781 144,928

Notes:

[3] Based on tables published by the Internal Revenue Service: http://www.irs.gov/pub/irs-

soi/13intaba.xls.

Table 3: Counts of Individuals Receiving Non-Employee Compensation (1099-MISC, Box 7) and

the Number of Form 1040 Tax Returns Filed [1]

[Counts in 000s]

[1] The counts of individuals receiving non-employee compensation (1099-MISC, box 7) and the

number of Form 1040s filed are not directly comparable for a number of reasons.

First, both members of a married couple could receive a form 1099-MISC. Second, some 1099-

MISC recipients may not be filing a Form 1040. Finally, some taxpayers may ' receive a Form

1099-MISC using their businesses' EIN as opposed to their SSN.

[2] The 1099-MISC data is based upon a random 1 percent sample of recipients of Form 1099-

MISC. The data have not been cleaned or edited by the Internal Revenue Service.

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Tax Year Year-to-Year Growth

2011 2012 2013 2012 2013

Recipients of 1099-K (000's) 5,377 5,483 5,463 2% 0%

Amounts Reported [in billions] 4,694 5,193 5,392 11% 4%

Note:

Table 4: Number of Receipients of Form 1099-K and Amounts Reported [1]

[Current dollars]

[1] The data in the table is based upon all available Form 1099-Ks. The data have not been cleaned or

edited by the Internal Revenue Service.

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20151027 treasury response to senator warner

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