Home » North Carolina » DAVIE County » ZIP Code 27006 » Tax Stats

27006 Income Tax Overview

Total Number of Tax Returns for ZIP Code 27006 [1]	6,376
Total Number of Joint Tax Returns for ZIP Code 27006	3,589
Total Number of Dependents for ZIP Code 27006	2,171
Total Adjusted Gross Income for ZIP Code 27006	533,217,393
Average Income per Person for ZIP Code 27006	$37,683

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]	1,028
Number of joint returns	135
Number of returns with paid preparer's signature	559
Number of exemptions	836
Number of dependents	95
Adjust gross income (AGI) [2]	$2,697,197
Salaries and wages	$4,719,372
Taxable interest	$693,663
Ordinary dividends	$433,781
Business or professional net income (less loss)	($381,992)
Net capital gain (less loss)	$7,183
Taxable individual retirement arrangements distributions	$403,443
Taxable pensions and annuities	$592,843
Unemployment compensation [3]	$58,097
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,871,020
State and local income taxes	$344,322
State and local general sales tax	$20,819
Real estate taxes	$229,286
Taxes paid	$644,383
Mortgage interest paid	$1,071,342
Contributions	$73,800
Taxable income	$265,224
Total tax credits [5]	$320
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$170,898
Excess earned income credit (refundable) [7]	$144,812
Alternative minimum tax	$0
Income tax [8]	$23,323
Total tax liability [9]	$119,746
Tax due at time of filing [10]	$41,835
Overpayments refunded [11]	($871,753)

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

Number of returns [1]	904
Number of joint returns	250
Number of returns with paid preparer's signature	546
Number of exemptions	1,517
Number of dependents	232
Adjust gross income (AGI) [2]	$15,535,488
Salaries and wages	$9,790,030
Taxable interest	$976,762
Ordinary dividends	$540,098
Business or professional net income (less loss)	$1,110,437
Net capital gain (less loss)	($30,462)
Taxable individual retirement arrangements distributions	$816,526
Taxable pensions and annuities	$2,058,438
Unemployment compensation [3]	$434,429
Taxable Social Security benefits	$128,833
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,989,132
State and local income taxes	$191,774
State and local general sales tax	$43,606
Real estate taxes	$259,274
Taxes paid	$543,865
Mortgage interest paid	$911,796
Contributions	$296,662
Taxable income	$3,964,197
Total tax credits [5]	$50,853
Residential energy tax credit	$0
Child tax credit	$19,562
Child and dependent care credit	$5,711
Earned income credit [6]	$613,578
Excess earned income credit (refundable) [7]	$522,358
Alternative minimum tax	$0
Income tax [8]	$366,053
Total tax liability [9]	$571,038
Tax due at time of filing [10]	$89,511
Overpayments refunded [11]	($1,445,787)

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

Number of returns [1]	1,230
Number of joint returns	542
Number of returns with paid preparer's signature	757
Number of exemptions	2,466
Number of dependents	387
Adjust gross income (AGI) [2]	$45,300,014
Salaries and wages	$31,620,579
Taxable interest	$1,416,139
Ordinary dividends	$1,124,829
Business or professional net income (less loss)	$1,363,768
Net capital gain (less loss)	$63,260
Taxable individual retirement arrangements distributions	$1,963,605
Taxable pensions and annuities	$5,910,321
Unemployment compensation [3]	$490,586
Taxable Social Security benefits	$2,075,520
Self-employment retirement plans	$88,658
Total itemized deductions [4]	$8,209,442
State and local income taxes	$1,070,421
State and local general sales tax	$43,196
Real estate taxes	$628,164
Taxes paid	$1,820,390
Mortgage interest paid	$3,174,376
Contributions	$931,212
Taxable income	$22,335,751
Total tax credits [5]	$376,702
Residential energy tax credit	$0
Child tax credit	$269,926
Child and dependent care credit	$26,168
Earned income credit [6]	$222,045
Excess earned income credit (refundable) [7]	$185,777
Alternative minimum tax	$0
Income tax [8]	$2,308,920
Total tax liability [9]	$2,630,470
Tax due at time of filing [10]	$233,302
Overpayments refunded [11]	($2,680,007)

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

Number of returns [1]	981
Number of joint returns	667
Number of returns with paid preparer's signature	630
Number of exemptions	2,253
Number of dependents	355
Adjust gross income (AGI) [2]	$61,070,939
Salaries and wages	$39,980,132
Taxable interest	$2,102,208
Ordinary dividends	$1,709,735
Business or professional net income (less loss)	$1,438,749
Net capital gain (less loss)	$172,611
Taxable individual retirement arrangements distributions	$2,361,919
Taxable pensions and annuities	$8,082,113
Unemployment compensation [3]	$395,285
Taxable Social Security benefits	$4,427,989
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,772,437
State and local income taxes	$1,997,103
State and local general sales tax	$35,679
Real estate taxes	$1,002,436
Taxes paid	$3,152,366
Mortgage interest paid	$4,532,177
Contributions	$1,751,021
Taxable income	$37,460,570
Total tax credits [5]	$528,431
Residential energy tax credit	$0
Child tax credit	$404,880
Child and dependent care credit	$28,941
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,553,723
Total tax liability [9]	$4,951,606
Tax due at time of filing [10]	$336,197
Overpayments refunded [11]	($1,891,860)

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

Number of returns [1]	765
Number of joint returns	654
Number of returns with paid preparer's signature	476
Number of exemptions	2,089
Number of dependents	373
Adjust gross income (AGI) [2]	$66,543,392
Salaries and wages	$46,403,338
Taxable interest	$1,630,011
Ordinary dividends	$1,969,476
Business or professional net income (less loss)	$1,871,277
Net capital gain (less loss)	$457,304
Taxable individual retirement arrangements distributions	$2,148,378
Taxable pensions and annuities	$7,455,549
Unemployment compensation [3]	$269,687
Taxable Social Security benefits	$3,664,903
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,061,434
State and local income taxes	$3,078,902
State and local general sales tax	$12,707
Real estate taxes	$1,007,362
Taxes paid	$4,224,501
Mortgage interest paid	$5,295,546
Contributions	$1,893,254
Taxable income	$44,291,298
Total tax credits [5]	$649,332
Residential energy tax credit	$0
Child tax credit	$510,221
Child and dependent care credit	$33,256
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,570,385
Total tax liability [9]	$6,018,882
Tax due at time of filing [10]	$486,936
Overpayments refunded [11]	($1,925,360)

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

Number of returns [1]	1,085
Number of joint returns	999
Number of returns with paid preparer's signature	668
Number of exemptions	3,097
Number of dependents	546
Adjust gross income (AGI) [2]	$145,539,424
Salaries and wages	$102,788,713
Taxable interest	$3,238,540
Ordinary dividends	$5,356,952
Business or professional net income (less loss)	$3,358,763
Net capital gain (less loss)	$1,644,457
Taxable individual retirement arrangements distributions	$7,075,611
Taxable pensions and annuities	$12,463,247
Unemployment compensation [3]	$248,671
Taxable Social Security benefits	$4,898,364
Self-employment retirement plans	$199,780
Total itemized deductions [4]	$30,183,538
State and local income taxes	$8,419,305
State and local general sales tax	$28,892
Real estate taxes	$2,565,678
Taxes paid	$11,268,965
Mortgage interest paid	$11,376,132
Contributions	$4,746,401
Taxable income	$103,699,739
Total tax credits [5]	$614,913
Residential energy tax credit	$0
Child tax credit	$379,900
Child and dependent care credit	$60,509
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$118,252
Income tax [8]	$17,351,510
Total tax liability [9]	$18,158,447
Tax due at time of filing [10]	$1,471,575
Overpayments refunded [11]	($3,616,702)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	383
Number of joint returns	342
Number of returns with paid preparer's signature	295
Number of exemptions	1,059
Number of dependents	183
Adjust gross income (AGI) [2]	$196,530,939
Salaries and wages	$84,387,039
Taxable interest	$4,960,614
Ordinary dividends	$8,579,495
Business or professional net income (less loss)	$3,747,966
Net capital gain (less loss)	$26,830,925
Taxable individual retirement arrangements distributions	$2,644,861
Taxable pensions and annuities	$4,943,005
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,937,724
Self-employment retirement plans	$671,323
Total itemized deductions [4]	$30,695,155
State and local income taxes	$14,688,697
State and local general sales tax	$0
Real estate taxes	$1,711,897
Taxes paid	$16,566,746
Mortgage interest paid	$5,981,213
Contributions	$6,778,004
Taxable income	$162,689,400
Total tax credits [5]	$182,346
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$10,934
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$2,096,547
Income tax [8]	$39,751,812
Total tax liability [9]	$40,472,368
Tax due at time of filing [10]	$3,680,532
Overpayments refunded [11]	($2,781,710)

[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.