IRS Tax Data Shows Growing Economy In 2015

Looking at recently released IRS tax data from 2015, a picture of a growing economy amid general prosperity is painted, as salaries and wages rose more than both inflation and GDP growth and the Affordable Care Act had a big year. 2015 was also a year that witnessed fewer tax returns reporting alimony payments, the IRS report shows. IRS returns show wages and salaries increasing by 5.1% in 2015, well ahead of inflation and GDP growth In the year 2015, gross salaries and wages increased by 5.1%, IRS data shows, a reflection of growing economic activity at a time when…