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Adjusted gross income hits high note

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in Small Business Tax

According to IRS data, taxpayers reported $9.1 trillion in adjusted gross income (AGI) for 2012. The latest Statistics of Income (SOI) bulletin shows that taxpayers filed 144.9 million individual tax returns for 2012, down 0.3% from 2011.

The $9.1 trillion AGI mark represents an 8.7% increase from the previous year.

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