Back to top

Blog Archive

Click here to go back

2011 Sources of Income

Posted by McDonald & Osborne Posted on Oct 12 2015

According to the Staff of the Joint Committee on Taxation , wages and salaries account for 70.8% of individual taxpayers’ gross income in 2011. Social Security, pensions and individual retirement arrangements (“IRAs”) account for 10.6%; business, farm and schedule E income (e.g., rents) for 7.74%; capital gains 4.7%; dividend income 2.4%; interest income 2.3%; and other income 1.4%.

Lisa Osborne
Office Administration
lisaosborne@mo-cpa.com

Photo Credit: BigStockPhoto.com