Do you mean the income that the IRA gains from investments, or do you mean the amount that you withdraw from the IRA for personal use?
The IRA itself is a tax-exempt entity so you don't have to pay or report taxes for the earnings that it makes. Taxes are paid on any amount that the IRA distribute to you, the plan participant, at your income tax rate. If you withdraw from the IRA before the age of 59 1/2 years old, you may also be subject to a 10% penalty, except if you meet one of the hardship withdrawal exemptions.
Income earned within a traditional IRA is not taxable. What is taxable is the amount of any withdrawals from an IRA. For those individuals who make withdrawals before age 59 1/2, there may be tax penalties in addition to the tax on the actual funds withdrawn. I have intentionally not commented on Roth IRA's although during their accumulation phase, income earned within the Roth IRA is not taxable at the time it is earned and deferred properly, may never be taxed. I hope this helps and good luck
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