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41 SOI Bull. 1 (2021-2022)

handle is hein.tera/stadeint0041 and id is 1 raw text is: The Statistics of Income (SOI) Bulletin is issued quarterly by the Statistics of Income Division of the Internal Revenue Service. Usually, the report provides the earliest published annual financial statistics obtained from the various types of tax and information returns filed, as well as information from periodic or special analytical studies of particular interest to students of the U.S. tax system, tax policymakers, and tax administrators. However, this time, we are dedicating this issue to honor the 40th Anniversary of the SOI Division's flagship publication. Join us for a trip down memory lane as we view four articles-each of which is reprinted from the first year of each of the previous four decades. Happy 40th Anniversary, SOI Bulletin! Information on the availability of supplemental data on the topics included in this issue or other SOI subjects, may be obtained by sending an email to SOI's Statistical Information Services at sis@irs.gov, or by writing to the Director, Statistics of Income Division OS:RAAS:S, Internal Revenue Service, 1111 Constitution Avenue, NW, K-Room 4112, Washington, D.C. 20224. This special anniversary issue of the SOI Bulletin was pre- pared under the direction of Wayne Kei, Chief, Data Dissemina- tion Section. Lisa Smith (layout and graphics editor) prepared the manuscript. Beth Kilss and Georgette Walsh (contractors) also made major contributions in the production of this issue. Views expressed in the article are those of the author(s) and do not necessarily represent the views of the Treasury Department or the Internal Revenue Service. NOTE: When using information from this report, cite the publication as follows- Internal Revenue Service Statistics of Income Bulletin Summer 2021 Washington, D.C. Inside This Issue Summer 1981 Individual Income Tax Returns Preliminary Income, Deduction, and Residential Energy Credit Statistics for 1979 4 by Noreen Hofmeier Preliminary statistics for Income Year 1979 showed a 3.2-per- cent increase in the number of individual income tax returns filed, from 89.8 million for Income Year 1978 to 92.6 million for Income Year 1979, in spite of the tax law changes raising the minimum income levels for filing a tax return. Adjusted gross income reached $1.5 trillion for 1979, a 12.4-percent increase over 1978. The tax return data presented in this article reflect not only economic conditions, but also the results of tax law changes that went into effect for 1979. Major changes for 1979 tax re- turns, which were chiefly the result of the Revenue Act of 1978, covered income, exemptions, deductions, credits, and tax. Fall 1991 Corporation Income Tax Returns, 1988 24 by Amy Pavelko and Patrice Treubert As a reflection of the continued economic growth in the 1980s and base broadening provisions of the Tax Reform Act of 1986 (TRA), corporate pretax profits for 1988 increased 25.8 per- cent to $413.0 billion. Income Year 1988 was also the first for which many of the changes to the tax code based on TRA were fully implemented. The number of returns declined from 3.61 million to 3.56 million chiefly because of the unusually large number of part-year returns filed for 1987, which were required to implement new TRA rules applicable to S Corporations. This was the first decline in the number of corporation income tax returns filed since the end of World War II. Statistics of Income Bulletin I Summer 2021 41IRS www.irs.gov/statistics

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