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10030 Income Tax Overview

Total Number of Tax Returns for ZIP Code 10030 [1]	11,541
Total Number of Joint Tax Returns for ZIP Code 10030	915
Total Number of Dependents for ZIP Code 10030	5,315
Total Adjusted Gross Income for ZIP Code 10030	384,952,618
Average Income per Person for ZIP Code 10030	$14,258

The following tables break down the Income Tax Statistics into different Gross Income levels.

Adjusted Gross Income: Under $10,000 [1]

Number of returns [1]	2,551
Number of joint returns	77
Number of returns with paid preparer's signature	1,421
Number of exemptions	3,559
Number of dependents	823
Adjust gross income (AGI) [2]	$12,740,774
Salaries and wages	$9,052,856
Taxable interest	$130,842
Ordinary dividends	$49,576
Business or professional net income (less loss)	$4,098,909
Net capital gain (less loss)	($36,857)
Taxable individual retirement arrangements distributions	$87,258
Taxable pensions and annuities	$661,207
Unemployment compensation [3]	$442,078
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$945,283
State and local income taxes	$23,242
State and local general sales tax	$14,391
Real estate taxes	$42,324
Taxes paid	$80,094
Mortgage interest paid	$498,465
Contributions	$28,180
Taxable income	$222,460
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$2,026,347
Excess earned income credit (refundable) [7]	$1,583,356
Alternative minimum tax	$0
Income tax [8]	$22,801
Total tax liability [9]	$654,244
Tax due at time of filing [10]	$154,319
Overpayments refunded [11]	($2,504,010)

Adjusted Gross Income: $10,000 under $25,000

Number of returns [1]	3,464
Number of joint returns	217
Number of returns with paid preparer's signature	2,231
Number of exemptions	6,661
Number of dependents	1,878
Adjust gross income (AGI) [2]	$58,647,073
Salaries and wages	$47,361,856
Taxable interest	$168,942
Ordinary dividends	$92,868
Business or professional net income (less loss)	$6,850,731
Net capital gain (less loss)	($46,675)
Taxable individual retirement arrangements distributions	$203,975
Taxable pensions and annuities	$3,126,313
Unemployment compensation [3]	$1,845,195
Taxable Social Security benefits	$110,217
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,556,113
State and local income taxes	$208,254
State and local general sales tax	$14,951
Real estate taxes	$65,613
Taxes paid	$300,382
Mortgage interest paid	$280,713
Contributions	$271,716
Taxable income	$15,530,825
Total tax credits [5]	$432,075
Residential energy tax credit	$0
Child tax credit	$136,519
Child and dependent care credit	$107,465
Earned income credit [6]	$5,651,670
Excess earned income credit (refundable) [7]	$4,781,063
Alternative minimum tax	$0
Income tax [8]	$1,260,783
Total tax liability [9]	$2,301,977
Tax due at time of filing [10]	$207,429
Overpayments refunded [11]	($9,653,209)

Adjusted Gross Income: $25,000 under $50,000

Number of returns [1]	3,446
Number of joint returns	234
Number of returns with paid preparer's signature	2,097
Number of exemptions	6,604
Number of dependents	1,753
Adjust gross income (AGI) [2]	$124,631,763
Salaries and wages	$118,958,538
Taxable interest	$232,066
Ordinary dividends	$61,729
Business or professional net income (less loss)	$908,471
Net capital gain (less loss)	($56,921)
Taxable individual retirement arrangements distributions	$270,316
Taxable pensions and annuities	$3,158,910
Unemployment compensation [3]	$1,309,745
Taxable Social Security benefits	$716,959
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,294,637
State and local income taxes	$2,300,365
State and local general sales tax	$36,155
Real estate taxes	$212,330
Taxes paid	$2,647,527
Mortgage interest paid	$1,060,445
Contributions	$2,175,507
Taxable income	$71,769,472
Total tax credits [5]	$2,371,912
Residential energy tax credit	$0
Child tax credit	$1,134,807
Child and dependent care credit	$555,265
Earned income credit [6]	$997,004
Excess earned income credit (refundable) [7]	$857,586
Alternative minimum tax	$0
Income tax [8]	$6,849,846
Total tax liability [9]	$7,147,601
Tax due at time of filing [10]	$377,705
Overpayments refunded [11]	($9,058,895)

Adjusted Gross Income: $50,000 under $75,000

Number of returns [1]	1,210
Number of joint returns	137
Number of returns with paid preparer's signature	783
Number of exemptions	2,204
Number of dependents	513
Adjust gross income (AGI) [2]	$72,999,281
Salaries and wages	$69,163,504
Taxable interest	$192,430
Ordinary dividends	$66,778
Business or professional net income (less loss)	$365,008
Net capital gain (less loss)	($46,365)
Taxable individual retirement arrangements distributions	$364,688
Taxable pensions and annuities	$2,180,933
Unemployment compensation [3]	$377,254
Taxable Social Security benefits	$788,085
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,769,904
State and local income taxes	$3,678,128
State and local general sales tax	$34,844
Real estate taxes	$318,619
Taxes paid	$4,106,123
Mortgage interest paid	$1,966,209
Contributions	$2,077,196
Taxable income	$49,987,596
Total tax credits [5]	$724,170
Residential energy tax credit	$0
Child tax credit	$507,211
Child and dependent care credit	$117,743
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,031,586
Total tax liability [9]	$7,172,244
Tax due at time of filing [10]	$373,226
Overpayments refunded [11]	($3,634,567)

Adjusted Gross Income: $75,000 under $100,000

Number of returns [1]	436
Number of joint returns	73
Number of returns with paid preparer's signature	303
Number of exemptions	786
Number of dependents	178
Adjust gross income (AGI) [2]	$37,131,677
Salaries and wages	$33,959,760
Taxable interest	$105,797
Ordinary dividends	$22,692
Business or professional net income (less loss)	$703,435
Net capital gain (less loss)	($5,547)
Taxable individual retirement arrangements distributions	$295,942
Taxable pensions and annuities	$1,335,700
Unemployment compensation [3]	$123,737
Taxable Social Security benefits	$368,783
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,709,155
State and local income taxes	$2,706,779
State and local general sales tax	$0
Real estate taxes	$177,471
Taxes paid	$2,956,656
Mortgage interest paid	$1,715,330
Contributions	$1,181,365
Taxable income	$26,209,146
Total tax credits [5]	$198,275
Residential energy tax credit	$0
Child tax credit	$129,400
Child and dependent care credit	$38,561
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$24,074
Income tax [8]	$4,434,835
Total tax liability [9]	$4,557,001
Tax due at time of filing [10]	$213,676
Overpayments refunded [11]	($1,615,626)

Adjusted Gross Income: $100,000 under $200,000

Number of returns [1]	339
Number of joint returns	123
Number of returns with paid preparer's signature	251
Number of exemptions	672
Number of dependents	130
Adjust gross income (AGI) [2]	$44,567,617
Salaries and wages	$39,920,203
Taxable interest	$189,416
Ordinary dividends	$156,679
Business or professional net income (less loss)	$1,007,352
Net capital gain (less loss)	($8,274)
Taxable individual retirement arrangements distributions	$252,356
Taxable pensions and annuities	$2,114,687
Unemployment compensation [3]	$177,310
Taxable Social Security benefits	$501,288
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,739,449
State and local income taxes	$3,828,435
State and local general sales tax	$0
Real estate taxes	$329,552
Taxes paid	$4,197,705
Mortgage interest paid	$2,915,864
Contributions	$1,160,331
Taxable income	$32,317,940
Total tax credits [5]	$72,692
Residential energy tax credit	$0
Child tax credit	$38,916
Child and dependent care credit	$33,373
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$167,867
Income tax [8]	$6,525,526
Total tax liability [9]	$6,752,043
Tax due at time of filing [10]	$328,844
Overpayments refunded [11]	($1,434,732)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	95
Number of joint returns	54
Number of returns with paid preparer's signature	72
Number of exemptions	223
Number of dependents	40
Adjust gross income (AGI) [2]	$34,234,433
Salaries and wages	$27,352,550
Taxable interest	$162,120
Ordinary dividends	$212,219
Business or professional net income (less loss)	$1,038,919
Net capital gain (less loss)	$3,183,497
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$534,812
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,700,732
State and local income taxes	$3,388,437
State and local general sales tax	$0
Real estate taxes	$290,077
Taxes paid	$3,692,998
Mortgage interest paid	$2,152,335
Contributions	$717,709
Taxable income	$26,523,916
Total tax credits [5]	$60,090
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$601,686
Income tax [8]	$7,241,747
Total tax liability [9]	$7,429,948
Tax due at time of filing [10]	$426,213
Overpayments refunded [11]	($407,305)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.