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Stock impact report

Investment Income Can Be Tricky At Tax Time—Here's What You Need To Know [Forbes]

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: Forbes
Stock market numbers The majority of taxable income in America comes from wages and salaries—typically, those numbers are reported on Form W-2 at tax time. For the 2021 tax year (the last year that complete data is available), nearly 80% of taxpayers reported salaries and wages for a combined total of more than $9 trillion. But that doesn't account for all taxpayers—or all taxable income. Taxpayers also reported nearly $2.7 trillion in investment income in 2021. That included almost $160 billion in interest and $387 billion in dividends. But the real standout? Nearly $2.1 trillion in sales of capital assets—another $51 billion was attributable to sales of property other than capital gains. In the same year, taxpayers reported over $408 billion in taxable IRA distributions, with more than $858 billion of taxable pensions and annuities income. Add in an additional $413 billion in taxable Social Security benefits for nearly $1.7 trillion in taxable retirement income. That's a lo Show less Read more
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