BusinessPostCorner.com
No Result
View All Result
Thursday, June 11, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

IRS data reveals income distribution across states

April 28, 2023
in Accounting
Reading Time: 2 mins read
A A
0
IRS data reveals income distribution across states
ShareShareShareShareShare

The District of Columbia, Massachusetts, Connecticut and Washington State appeared to have the highest incomes on average, according to new research based on tax information.

Syracuse University’s Transactional Records Clearinghouse reported Thursday that adjusted gross income averaged $111,494 in D.C. in 2021, followed by Massachusetts at $101,863, Connecticut at $101,589 and Washington State at $95,584. For the U.S. as a whole, the average AGI reported on federal income tax returns filed in 2021 increased to $76,539, up only slightly from $75,758 in 2020. 

The lowest AGI in the country, at only half that of the top three states, was Mississippi at $50,876. West Virginia had the second lowest income at $53,461, while New Mexico returns reported an average AGI of $56,383, the third lowest. 

The TRAC research also looked at the average number of dependents reported on federal income tax returns, which fell to 1.83 in 2021. The figure has been slowly declining over the past decade, down from an average of 2.01 dependents reported on returns filed in 2011. 

However, there’s a great deal of variation in these numbers across different counties. Reported averages varied from a high of 2.5 in Loving County, Texas and 2.44 in Morgan County, Utah to a low of 1.43 in Forest County, Pennsylvania and 1.48 in Manhattan, New York. 

Urban counties in the Northeast and along the coasts tended to report fewer dependents in families, though many rural counties across the U.S. also reported an average of fewer than 2.0 dependents.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Shiba Inu Price Prediction as New Neo-Banking App Adds Support for SHIB – Time to Buy?

Next Post

Lazard to cut 10% of staff to contain costs amid dealmaking chill

Next Post
Lazard to cut 10% of staff to contain costs amid dealmaking chill

Lazard to cut 10% of staff to contain costs amid dealmaking chill

The contradiction of ‘monoculture’: the word Americans now use to mourn Colbert’s finale and describe how AI is damaging creative output

The contradiction of ‘monoculture’: the word Americans now use to mourn Colbert’s finale and describe how AI is damaging creative output

June 5, 2026
Single 20-somethings need AI to make first move on dating apps – Hinge boss

Single 20-somethings need AI to make first move on dating apps – Hinge boss

June 4, 2026
Bitcoin Price Prediction: Quantum Computing Will Crack Banks Before Bitcoin

Bitcoin Price Prediction: Quantum Computing Will Crack Banks Before Bitcoin

June 10, 2026
Hospitality jobs boom as US prepares for World Cup

Hospitality jobs boom as US prepares for World Cup

June 5, 2026
Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising

June 7, 2026
OpenAI plans to go public setting up new race with Anthropic

OpenAI plans to go public setting up new race with Anthropic

June 8, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months

The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months

June 11, 2026
China Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce

China Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce

June 11, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!