Just as a fun little exercise. Occaisionally I will review the statistics for my tax practice, here are some of these factoids
Our office prepared 551 individual income tax returns. These clients paid 5.4 million in federal income tax alone. In addition, these clients paid 1.1 million in state income tax.
40 clients had to pay Alternative Minimum Tax (AMT). 333 itemized their deductions, 201 had capital gain income and 13 qualified for earned income credit.
When you break things down within a small little practice, it makes you think how large some of these numbers really are.
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