1 in 458.4

The odds a primary taxpayer younger than 18 will report a net operating loss in a year are 1 in 458.4 (US, 2006).

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Sources & Definitions

 

Source(s)

Statistics of Income--2006 Individual Income Tax Returns. Internal Revenue Service. Washington, DC

Definitions

As primary taxpayer

The person whose name and social secucrity number appears first on a tax return. On jointly filed returns, though both filers are considered taxpayers, only one can be regarded as the 'primary taxpayer.' Taxpayers in this context refer only to those who filed individual federal income tax returns.

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Odds Statement provided by Book of Odds Inc., http://www.bookofodds.com/content/view/full/662204 (Accessed: )

Rounding Rules

Odds more likely than 1 in 10, such as 1 in 3.42, are rounded to three significant digits. Odds less likely than 1 in 10, such as 1 in 420.4, are rounded to four significant digits. Trailing zeros after the decimal point are dropped for readability, even though they may still be significant.

Odds you'll see: 1 in 4.26; 14.5; 143; 5,230; 433,200

Odds you won't see: 1 in 2.412; 63.042; 425,242c

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