Home » North Carolina » MECKLENBURG County » ZIP Code 28270 » Tax Stats

28270 Income Tax Overview

Total Number of Tax Returns for ZIP Code 28270 [1]	14,216
Total Number of Joint Tax Returns for ZIP Code 28270	6,881
Total Number of Dependents for ZIP Code 28270	5,359
Total Adjusted Gross Income for ZIP Code 28270	1,305,937,314
Average Income per Person for ZIP Code 28270	$41,425

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]	2,501
Number of joint returns	209
Number of returns with paid preparer's signature	1,174
Number of exemptions	1,668
Number of dependents	223
Adjust gross income (AGI) [2]	$6,749,162
Salaries and wages	$11,766,237
Taxable interest	$1,472,433
Ordinary dividends	$1,376,538
Business or professional net income (less loss)	($999,970)
Net capital gain (less loss)	$549,336
Taxable individual retirement arrangements distributions	$530,233
Taxable pensions and annuities	$762,860
Unemployment compensation [3]	$135,472
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,428,905
State and local income taxes	$811,903
State and local general sales tax	$30,082
Real estate taxes	$864,446
Taxes paid	$1,792,904
Mortgage interest paid	$2,484,963
Contributions	$89,706
Taxable income	$819,650
Total tax credits [5]	$4,446
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$380,412
Excess earned income credit (refundable) [7]	$311,685
Alternative minimum tax	$0
Income tax [8]	$75,473
Total tax liability [9]	$302,439
Tax due at time of filing [10]	$142,987
Overpayments refunded [11]	($1,748,858)

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

Number of returns [1]	1,841
Number of joint returns	294
Number of returns with paid preparer's signature	943
Number of exemptions	2,755
Number of dependents	455
Adjust gross income (AGI) [2]	$31,500,015
Salaries and wages	$23,971,653
Taxable interest	$1,088,485
Ordinary dividends	$1,235,729
Business or professional net income (less loss)	$2,035,849
Net capital gain (less loss)	$390,796
Taxable individual retirement arrangements distributions	$1,121,967
Taxable pensions and annuities	$2,362,089
Unemployment compensation [3]	$635,779
Taxable Social Security benefits	$191,004
Self-employment retirement plans	$101,085
Total itemized deductions [4]	$6,781,969
State and local income taxes	$442,111
State and local general sales tax	$76,026
Real estate taxes	$869,429
Taxes paid	$1,473,333
Mortgage interest paid	$2,214,147
Contributions	$586,130
Taxable income	$9,606,944
Total tax credits [5]	$161,705
Residential energy tax credit	$0
Child tax credit	$38,331
Child and dependent care credit	$17,204
Earned income credit [6]	$1,057,099
Excess earned income credit (refundable) [7]	$841,411
Alternative minimum tax	$0
Income tax [8]	$873,285
Total tax liability [9]	$1,315,684
Tax due at time of filing [10]	$189,333
Overpayments refunded [11]	($2,823,300)

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

Number of returns [1]	2,541
Number of joint returns	685
Number of returns with paid preparer's signature	1,243
Number of exemptions	4,503
Number of dependents	731
Adjust gross income (AGI) [2]	$93,391,121
Salaries and wages	$75,083,544
Taxable interest	$1,876,883
Ordinary dividends	$2,066,444
Business or professional net income (less loss)	$3,264,213
Net capital gain (less loss)	$621,889
Taxable individual retirement arrangements distributions	$2,562,918
Taxable pensions and annuities	$6,119,965
Unemployment compensation [3]	$785,261
Taxable Social Security benefits	$2,582,829
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,785,582
State and local income taxes	$2,410,406
State and local general sales tax	$121,050
Real estate taxes	$2,403,728
Taxes paid	$5,220,024
Mortgage interest paid	$7,456,052
Contributions	$2,005,919
Taxable income	$49,303,573
Total tax credits [5]	$807,178
Residential energy tax credit	$0
Child tax credit	$431,455
Child and dependent care credit	$70,968
Earned income credit [6]	$344,949
Excess earned income credit (refundable) [7]	$267,842
Alternative minimum tax	$0
Income tax [8]	$5,414,710
Total tax liability [9]	$6,204,007
Tax due at time of filing [10]	$525,949
Overpayments refunded [11]	($4,606,219)

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

Number of returns [1]	1,701
Number of joint returns	850
Number of returns with paid preparer's signature	887
Number of exemptions	3,693
Number of dependents	636
Adjust gross income (AGI) [2]	$105,031,022
Salaries and wages	$80,247,549
Taxable interest	$1,887,463
Ordinary dividends	$2,690,968
Business or professional net income (less loss)	$3,607,127
Net capital gain (less loss)	$410,592
Taxable individual retirement arrangements distributions	$3,072,153
Taxable pensions and annuities	$7,146,478
Unemployment compensation [3]	$672,257
Taxable Social Security benefits	$4,436,094
Self-employment retirement plans	$118,682
Total itemized deductions [4]	$25,498,833
State and local income taxes	$4,216,351
State and local general sales tax	$84,140
Real estate taxes	$3,181,501
Taxes paid	$7,864,518
Mortgage interest paid	$9,824,456
Contributions	$3,009,703
Taxable income	$63,184,076
Total tax credits [5]	$945,661
Residential energy tax credit	$0
Child tax credit	$708,871
Child and dependent care credit	$62,673
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$10,093
Income tax [8]	$8,043,962
Total tax liability [9]	$8,829,059
Tax due at time of filing [10]	$702,585
Overpayments refunded [11]	($3,937,975)

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

Number of returns [1]	1,335
Number of joint returns	973
Number of returns with paid preparer's signature	690
Number of exemptions	3,482
Number of dependents	635
Adjust gross income (AGI) [2]	$116,001,865
Salaries and wages	$91,286,428
Taxable interest	$2,174,220
Ordinary dividends	$2,536,828
Business or professional net income (less loss)	$3,607,209
Net capital gain (less loss)	$570,086
Taxable individual retirement arrangements distributions	$3,253,412
Taxable pensions and annuities	$6,963,592
Unemployment compensation [3]	$549,632
Taxable Social Security benefits	$4,105,818
Self-employment retirement plans	$123,812
Total itemized deductions [4]	$27,257,691
State and local income taxes	$6,036,787
State and local general sales tax	$40,273
Real estate taxes	$3,313,520
Taxes paid	$9,770,268
Mortgage interest paid	$11,046,528
Contributions	$3,080,361
Taxable income	$74,958,960
Total tax credits [5]	$1,101,433
Residential energy tax credit	$0
Child tax credit	$784,992
Child and dependent care credit	$71,938
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,925,302
Total tax liability [9]	$10,726,827
Tax due at time of filing [10]	$867,458
Overpayments refunded [11]	($3,952,019)

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

Number of returns [1]	2,923
Number of joint returns	2,589
Number of returns with paid preparer's signature	1,561
Number of exemptions	8,868
Number of dependents	1,713
Adjust gross income (AGI) [2]	$408,230,173
Salaries and wages	$331,439,163
Taxable interest	$5,628,072
Ordinary dividends	$8,957,521
Business or professional net income (less loss)	$13,355,676
Net capital gain (less loss)	$2,677,144
Taxable individual retirement arrangements distributions	$10,014,527
Taxable pensions and annuities	$15,981,360
Unemployment compensation [3]	$634,873
Taxable Social Security benefits	$7,733,969
Self-employment retirement plans	$965,731
Total itemized deductions [4]	$88,643,467
State and local income taxes	$24,988,657
State and local general sales tax	$157,237
Real estate taxes	$10,500,694
Taxes paid	$36,785,812
Mortgage interest paid	$33,918,748
Contributions	$11,345,648
Taxable income	$287,576,415
Total tax credits [5]	$1,541,273
Residential energy tax credit	$12,213
Child tax credit	$1,014,308
Child and dependent care credit	$171,554
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$640,279
Income tax [8]	$50,328,229
Total tax liability [9]	$52,937,482
Tax due at time of filing [10]	$3,897,969
Overpayments refunded [11]	($10,137,202)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,374
Number of joint returns	1,281
Number of returns with paid preparer's signature	916
Number of exemptions	4,690
Number of dependents	966
Adjust gross income (AGI) [2]	$545,033,956
Salaries and wages	$372,845,084
Taxable interest	$8,040,015
Ordinary dividends	$12,741,954
Business or professional net income (less loss)	$15,416,188
Net capital gain (less loss)	$24,712,989
Taxable individual retirement arrangements distributions	$3,851,353
Taxable pensions and annuities	$5,039,585
Unemployment compensation [3]	$177,033
Taxable Social Security benefits	$2,078,503
Self-employment retirement plans	$3,757,238
Total itemized deductions [4]	$93,047,562
State and local income taxes	$37,874,493
State and local general sales tax	$0
Real estate taxes	$8,063,966
Taxes paid	$46,865,903
Mortgage interest paid	$23,323,743
Contributions	$15,436,943
Taxable income	$438,157,775
Total tax credits [5]	$1,108,229
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$78,979
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$6,811,326
Income tax [8]	$115,922,789
Total tax liability [9]	$119,082,873
Tax due at time of filing [10]	$11,880,907
Overpayments refunded [11]	($7,274,585)

[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.