Question
Research Problem 5. Use information about individual income tax returns available at the IRS Tax Stats website ( irs.gov/statistics/soi-tax-stats-individual-income-tax-returns ) to find data on the
Research Problem 5.Use information about individual income tax returns available at the IRS Tax Stats website (irs.gov/statistics/soi-tax-stats-individual-income-tax-returns) to find data on the number of individuals who report tax-exempt interest income on their tax return and the amount of that exempt income. The data you find should show this information for individuals at different ranges of adjusted gross income (AGI). Use the data to create pie charts (or similar visuals) of the percent of AGI represented by the tax-exempt interest income exclusion as well as the number of individuals claiming this exclusion at different AGI levels. Analyze the IRS data, draw conclusions from it, and summarize your findings in a two- to three-paragraph e-mail sent to your instructor. Be sure your conclusions are explained and supported by the data.
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