Table 2.—Comparison of Personal Income with AGI, by Type of Income, 1997

Line		Personal income	Wage and salary disbursements	Proprietors' income with IVA and CCAdj		Rental income of persons with CCAdj	Personal dividend income	Personal interest income	Taxable pensions and annuities	Taxable unemployment compensation	Taxable social security benefits/1/	Other personal income/2/	Income not included in personal income
				Farm	Nonfarm
1	Personal income	6,951.1	3,888.9	29.5	549.1	130.2	333.4	854.9	/3/2.9	20.4	68.2	1,073.6	0
2	Less: Portion of personal income not included in adjusted gross income	2,498.4	92.4	5.3	5.4	94.6	207.6	678.6	0	0	0	1,368.8	45.6
3	Nontaxable transfer payments	870.1	0	0	0	0	0	0	0	0	0	870.1	0
4	Other labor income except fees	498.2	0	0	0	0	0	0	0	0	0	498.2	0
5	Imputed income in personal income/4/	293.0	10.6	.4	6.7	72.0	0	203.3	0	0	0	0	0
6	Investment income of life insurance carriers and pension plans/5/	394.9	0	0	0	1.2	51.7	342.0	0	0	0	0	0
7	Investment income received by nonprofit institutions or retained by fiduciaries	60.0	0	0	.3	5.4	21.9	31.8	0	0	0	.6	0
8	Differences in accounting treatment between NIPA's and tax regulations, net	87.4	0	4.9	–1.7	16.0	17.2	50.9	0	0	0	0	0
9	Other personal income exempt or excluded from adjusted gross income	294.8	81.9	0	0	0	116.8	50.5	0	0	0	0	/6/45.6
10	Plus: Portion of adjusted gross income not included in personal income	1,151.2	17.3	0	3.0	2.9	0	0	341.1	0	0	297.3	489.7
11	Personal contributions for social insurance	298.1	0	0	0	0	0	0	0	0	0	298.1	0
12	Gains, net of losses, from sale of property	338.2	0	0	0	0	0	0	0	0	0	0	338.2
13	Taxable pensions/7/	341.0	0	0	0	0	0	0	341.0	0	0	0	0
14	Small business corporation income	100.7	0	0	0	0	0	0	0	0	0	0	100.7
15	Other types of income	73.2	17.3	0	3.0	2.9	0	0	0	0	0	–.7	50.8
16	Plus: Intercomponent reallocation	0	9.8	0	–.6	0	42.2	–42.2	–7.1	0	0	–2.1	0
17	Fees in other labor income	0	2.7	0	0	0	0	0	0	0	0	–2.7	0
18	Fiduciaries' share of partnership income/8/	0	0	0	–.6	0	0	0	0	0	0	.6	0
19	Interest received by nonfarm proprietors	0	0	0	0	0	0	0	0	0	0	0	0
20	Interest distributed by regulated investment companies	0	0	0	0	0	42.2	–42.2	0	0	0	0	0
21	Taxable disability income payments	0	7.1	0	0	0	0	0	–7.1	0	0	0	0
22	Equals: BEA-derived adjusted gross income	5,604.0	3,823.5	24.1	546.2	38.4	168.0	134.1	336.9	20.4	68.2	0	444.1
23	Adjusted gross income of IRS (as reported)	4,973.6	3,636.5	–6.3	181.8	22.7	118.3	163.2	264.3	17.2	62.5	69.3	444.1
24	Plus: Intercomponent reallocation	0	0	.5	63.3	5.5	0	0	0	0	0	–69.3	0
25	Estate or trust income	0	0	0	2.1	5.5	0	0	0	0	0	–7.6	0
26	Partnership income	0	0	.5	61.2	0	0	0	0	0	0	–61.7	0
27	Other reallocations	0	0	0	0	0	0	0	0	0	0	0	0
28	Adjusted gross income of IRS (reallocated)	4,973.6	3,636.5	–5.8	245.1	28.2	118.3	163.2	264.3	17.2	62.5	0	444.1
29	Adjusted gross income gap	630.3	186.9	29.9	301.2	10.2	49.7	–29.1	72.6	3.3	5.7	0	0
30	Percent distribution of AGI gap	100.0	29.7	4.7	47.8	1.6	7.9	–4.6	11.5	.5	.9	....	....
31	Relative AGI gap/9/	11.2	4.9	123.9	55.1	26.6	29.6	–21.7	21.5	15.9	8.3	....	....
32	Addendum: Misreporting adjustments included in personal income	311.5	89.9		231.8	1.1	....	–11.3	....	....	....	....	....

1. Taxable social security benefits also include the social security equivalent benefit portion of tier 1 railroad retirement benefits.

2. Consists primarily of other labor income and the nontaxable transfer payments to persons, less personal contributions for social insurance.

3. Consists of tier 2 railroad retirement benefits that are taxed in the same manner as benefits paid under private employer retirement plans.

4. Consists of the imputations included in personal income shown in NIPA table 8.21 (line 53), except for employer contributions for health and life insurance premiums (line 146). In this table, these premiums are included in line 4.

5. Consists of imputed interest received by persons from life insurance carriers shown in NIPA table 8.20 (line 53) and investment income of private and government employee pension plans.

6. Statutory adjustments or specific adjustments ("above-the-line deductions") from gross income taken to arrive at AGI.

7. Consists of the taxable portion of private and government employee retirement plan benefit payments.

8. Consists of partnership income retained by fiduciaries.

9. Adjusted gross income gap (line 29) as a percentage of the BEA-derived AGI (line 22).

AGI Adjusted gross income

BEA Bureau of Economic Analysis

CCAdj Capital consumption adjustment

IVA Inventory valuation adjustment

IRS Internal Revenue Service

NIPA National income and product accounts