| Personal Income by Major Component | ||||||||||
| Last Ten Calendar Years | ||||||||||
| (Expressed in Thousands) | ||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income by place of residence (seasonally adjusted) | ||||||||||
| Personal income | $191,598,752 | $202,061,536 | $202,478,680 | $199,025,884 | $208,105,804 | $214,945,216 | $231,565,076 | $224,942,272 | $236,827,808 | $239,591,407 |
| Average Effective Rate for Personal Income 1/ | 3.12% | 3.21% | 3.29% | 2.63% | 2.77% | 3.02% | 3.35% | 3.27% | 3.35% | 3.37% |
| Derivation of personal income | ||||||||||
| Earnings by place of work | 134,710,116 | 139,500,596 | 139,247,608 | 138,226,080 | 140,513,668 | 142,457,296 | 150,996,208 | 151,668,564 | 158,917,828 | 159,993,596 |
| Less: Contributions for government social insurance 2/ | 13,302,212 | 13,875,828 | 14,332,072 | 13,950,676 | 14,012,780 | 12,718,692 | 13,669,600 | 15,721,892 | 16,292,536 | 16,331,162 |
| Employee and self-employed contributions for government social insurance | 6,998,604 | 7,294,252 | 7,530,132 | 7,318,024 | 7,391,024 | 5,877,812 | 6,323,076 | 8,359,968 | 8,724,868 | 8,794,598 |
| Employer contributions for government social insurance | 6,303,608 | 6,581,576 | 6,801,940 | 6,632,652 | 6,621,756 | 6,840,880 | 7,346,524 | 7,361,924 | 7,567,668 | 7,536,564 |
| Plus: Adjustment for residence 3/ | 8,158,152 | 9,007,848 | 9,649,060 | 9,423,576 | 11,224,296 | 11,737,788 | 13,945,648 | 12,605,660 | 14,573,972 | 14,587,240 |
| Equals: Net earnings by place of residence | 129,566,056 | 134,632,616 | 134,564,596 | 133,698,980 | 137,725,184 | 141,476,392 | 151,272,256 | 148,552,332 | 157,199,264 | 158,249,674 |
| Plus: Dividends, interest, and rent 4/ | 41,519,212 | 45,396,836 | 43,184,796 | 37,698,576 | 41,001,916 | 44,231,732 | 50,537,064 | 46,538,908 | 48,804,924 | 50,013,521 |
| Plus: Personal current transfer receipts | 20,513,484 | 22,032,084 | 24,729,288 | 27,628,328 | 29,378,704 | 29,237,092 | 29,755,756 | 29,851,032 | 30,823,620 | 31,328,212 |
| Components of earnings by place of work: | ||||||||||
| Wages and salaries | 95,947,404 | 100,689,548 | 100,829,864 | 96,765,628 | 99,101,392 | 99,601,344 | 106,665,848 | 106,189,588 | 110,453,092 | 111,190,530 |
| Supplements to wages and salaries | 21,073,216 | 22,323,648 | 22,858,076 | 22,611,952 | 23,191,020 | 23,276,520 | 23,986,672 | 24,539,516 | 25,454,024 | 25,591,602 |
| Employer contributions for employee pension and insurance funds 5/ | 14,769,608 | 15,742,072 | 16,056,136 | 15,979,300 | 16,569,264 | 16,435,640 | 16,640,148 | 17,177,592 | 17,886,356 | 18,055,038 |
| Employer contributions for government social insurance | 6,303,608 | 6,581,576 | 6,801,940 | 6,632,652 | 6,621,756 | 6,840,880 | 7,346,524 | 7,361,924 | 7,567,668 | 7,536,564 |
| Proprietors' income 6/ | 17,689,496 | 16,487,400 | 15,559,668 | 18,848,500 | 18,221,256 | 19,579,432 | 20,343,688 | 20,939,460 | 23,010,712 | 23,211,464 |
| Farm proprietors' income | 47,756 | 64,624 | (8,328) | 10,800 | 9,520 | 1,912 | (22,136) | 38,416 | (15,636) | (1,280) |
| Nonfarm proprietors' income | 17,641,740 | 16,422,776 | 15,567,996 | 18,837,700 | 18,211,736 | 19,577,520 | 20,365,824 | 20,901,044 | 23,026,348 | 23,212,744 |
Notes:
1/ Total direct rate for personal income is not available. Average effective
rate equals fiscal year net tax collections divided by prior-year total Personal
Income.
2/ Employer contributions for government social insurance are included in
earnings by industry and earnings by place of work, but they are excluded from
income. Employee and self-employed net earnings by place of residence and
personal contributions are subtractions in the calculation of net earnings by
place of residence and all of the income measures.
3/ The adjustment for residence is the net inflow of the earnings of inter-area
commuters. For the United States, it consists of adjustments for border workers
and US residents employed by international organizations and foreign embassies.
4/ Rental income of persons includes the capital consumption adjustment.
5/ Includes actual employer contributions and actuarially imputed employer
contributions to reflect benefits accrued by defined benefit pension plan
participants through service to employers in the current period.
6/ Proprietors' income includes the inventory valuation adjustment and the
capital consumption adjustment.
Note-- Thousands of dollars, seasonally adjusted at annual rates. All dollar
estimates are in current dollars (not adjusted for inflation)
Last updated: September 30, 2015-- new estimates for 2015:II; revised estimates
for 1976:I-2015I
Sources: U. S. Bureau of Economic Analysis and Department of Revenue Services