Home » North Carolina » NEW HANOVER County » ZIP Code 28409 » Tax Stats

28409 Income Tax Overview

Total Number of Tax Returns for ZIP Code 28409 [1]	13,950
Total Number of Joint Tax Returns for ZIP Code 28409	6,880
Total Number of Dependents for ZIP Code 28409	4,796
Total Adjusted Gross Income for ZIP Code 28409	1,053,449,076
Average Income per Person for ZIP Code 28409	$33,661

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]	2,675
Number of joint returns	287
Number of returns with paid preparer's signature	1,264
Number of exemptions	2,217
Number of dependents	311
Adjust gross income (AGI) [2]	$6,478,852
Salaries and wages	$11,560,892
Taxable interest	$1,246,472
Ordinary dividends	$1,303,833
Business or professional net income (less loss)	$168,572
Net capital gain (less loss)	$1,004,788
Taxable individual retirement arrangements distributions	$834,215
Taxable pensions and annuities	$1,315,309
Unemployment compensation [3]	$220,697
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,827,789
State and local income taxes	$811,797
State and local general sales tax	$47,341
Real estate taxes	$804,795
Taxes paid	$1,707,457
Mortgage interest paid	$3,618,801
Contributions	$99,824
Taxable income	$799,444
Total tax credits [5]	$2,915
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$549,179
Excess earned income credit (refundable) [7]	$441,419
Alternative minimum tax	$0
Income tax [8]	$108,263
Total tax liability [9]	$418,601
Tax due at time of filing [10]	$141,547
Overpayments refunded [11]	($1,676,279)

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

Number of returns [1]	2,364
Number of joint returns	509
Number of returns with paid preparer's signature	1,179
Number of exemptions	3,908
Number of dependents	625
Adjust gross income (AGI) [2]	$40,280,869
Salaries and wages	$27,756,439
Taxable interest	$1,438,285
Ordinary dividends	$1,377,989
Business or professional net income (less loss)	$3,499,660
Net capital gain (less loss)	$42,317
Taxable individual retirement arrangements distributions	$1,749,614
Taxable pensions and annuities	$5,097,109
Unemployment compensation [3]	$708,308
Taxable Social Security benefits	$282,469
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,910,374
State and local income taxes	$550,297
State and local general sales tax	$100,944
Real estate taxes	$831,957
Taxes paid	$1,548,457
Mortgage interest paid	$3,546,649
Contributions	$649,898
Taxable income	$10,787,616
Total tax credits [5]	$148,062
Residential energy tax credit	$0
Child tax credit	$47,752
Child and dependent care credit	$11,572
Earned income credit [6]	$1,500,948
Excess earned income credit (refundable) [7]	$1,254,114
Alternative minimum tax	$0
Income tax [8]	$998,080
Total tax liability [9]	$1,678,311
Tax due at time of filing [10]	$299,547
Overpayments refunded [11]	($3,691,866)

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

Number of returns [1]	2,590
Number of joint returns	990
Number of returns with paid preparer's signature	1,309
Number of exemptions	5,102
Number of dependents	801
Adjust gross income (AGI) [2]	$93,724,972
Salaries and wages	$66,211,328
Taxable interest	$2,488,668
Ordinary dividends	$2,022,366
Business or professional net income (less loss)	$3,801,555
Net capital gain (less loss)	$156,233
Taxable individual retirement arrangements distributions	$2,860,745
Taxable pensions and annuities	$12,034,385
Unemployment compensation [3]	$860,979
Taxable Social Security benefits	$3,880,158
Self-employment retirement plans	$49,917
Total itemized deductions [4]	$18,925,611
State and local income taxes	$1,991,678
State and local general sales tax	$147,454
Real estate taxes	$1,830,461
Taxes paid	$4,106,770
Mortgage interest paid	$8,460,587
Contributions	$1,618,882
Taxable income	$46,057,842
Total tax credits [5]	$687,220
Residential energy tax credit	$5,086
Child tax credit	$453,771
Child and dependent care credit	$53,724
Earned income credit [6]	$394,600
Excess earned income credit (refundable) [7]	$293,948
Alternative minimum tax	$0
Income tax [8]	$4,918,605
Total tax liability [9]	$5,731,605
Tax due at time of filing [10]	$606,311
Overpayments refunded [11]	($4,624,088)

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

Number of returns [1]	1,883
Number of joint returns	1,219
Number of returns with paid preparer's signature	1,051
Number of exemptions	4,294
Number of dependents	693
Adjust gross income (AGI) [2]	$116,870,711
Salaries and wages	$79,183,294
Taxable interest	$3,205,781
Ordinary dividends	$2,815,623
Business or professional net income (less loss)	$3,633,611
Net capital gain (less loss)	$1,070,720
Taxable individual retirement arrangements distributions	$3,658,024
Taxable pensions and annuities	$14,990,036
Unemployment compensation [3]	$648,905
Taxable Social Security benefits	$6,928,662
Self-employment retirement plans	$176,122
Total itemized deductions [4]	$25,620,244
State and local income taxes	$4,807,360
State and local general sales tax	$84,674
Real estate taxes	$2,381,524
Taxes paid	$7,566,385
Mortgage interest paid	$10,868,326
Contributions	$2,599,994
Taxable income	$70,761,851
Total tax credits [5]	$1,007,241
Residential energy tax credit	$0
Child tax credit	$735,335
Child and dependent care credit	$68,907
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$24,660
Income tax [8]	$8,693,176
Total tax liability [9]	$9,564,445
Tax due at time of filing [10]	$936,602
Overpayments refunded [11]	($3,727,411)

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

Number of returns [1]	1,567
Number of joint returns	1,287
Number of returns with paid preparer's signature	835
Number of exemptions	4,144
Number of dependents	717
Adjust gross income (AGI) [2]	$136,244,463
Salaries and wages	$93,392,869
Taxable interest	$2,900,899
Ordinary dividends	$3,321,999
Business or professional net income (less loss)	$5,163,057
Net capital gain (less loss)	$1,126,554
Taxable individual retirement arrangements distributions	$4,919,524
Taxable pensions and annuities	$15,693,585
Unemployment compensation [3]	$447,856
Taxable Social Security benefits	$7,109,706
Self-employment retirement plans	$0
Total itemized deductions [4]	$29,163,728
State and local income taxes	$6,300,728
State and local general sales tax	$52,639
Real estate taxes	$2,815,135
Taxes paid	$9,407,791
Mortgage interest paid	$12,679,150
Contributions	$3,330,933
Taxable income	$89,523,499
Total tax credits [5]	$1,225,213
Residential energy tax credit	$0
Child tax credit	$891,200
Child and dependent care credit	$67,473
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,591,164
Total tax liability [9]	$12,700,471
Tax due at time of filing [10]	$1,185,580
Overpayments refunded [11]	($3,820,517)

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

Number of returns [1]	2,122
Number of joint returns	1,905
Number of returns with paid preparer's signature	1,163
Number of exemptions	6,191
Number of dependents	1,179
Adjust gross income (AGI) [2]	$284,895,185
Salaries and wages	$212,301,694
Taxable interest	$5,260,784
Ordinary dividends	$6,692,521
Business or professional net income (less loss)	$10,912,870
Net capital gain (less loss)	$5,842,190
Taxable individual retirement arrangements distributions	$7,711,201
Taxable pensions and annuities	$20,456,355
Unemployment compensation [3]	$502,973
Taxable Social Security benefits	$7,002,514
Self-employment retirement plans	$973,710
Total itemized deductions [4]	$60,318,710
State and local income taxes	$16,693,638
State and local general sales tax	$76,830
Real estate taxes	$5,755,579
Taxes paid	$23,105,352
Mortgage interest paid	$25,150,673
Contributions	$7,274,957
Taxable income	$201,564,646
Total tax credits [5]	$1,073,130
Residential energy tax credit	$0
Child tax credit	$683,359
Child and dependent care credit	$105,435
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$262,574
Income tax [8]	$34,114,132
Total tax liability [9]	$36,293,629
Tax due at time of filing [10]	$3,260,157
Overpayments refunded [11]	($6,933,927)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	749
Number of joint returns	683
Number of returns with paid preparer's signature	596
Number of exemptions	2,398
Number of dependents	470
Adjust gross income (AGI) [2]	$374,954,024
Salaries and wages	$174,662,853
Taxable interest	$7,021,800
Ordinary dividends	$12,768,336
Business or professional net income (less loss)	$10,935,096
Net capital gain (less loss)	$64,263,505
Taxable individual retirement arrangements distributions	$6,086,318
Taxable pensions and annuities	$5,157,912
Unemployment compensation [3]	$67,354
Taxable Social Security benefits	$1,719,283
Self-employment retirement plans	$2,598,740
Total itemized deductions [4]	$58,239,852
State and local income taxes	$27,646,976
State and local general sales tax	$21,794
Real estate taxes	$4,253,388
Taxes paid	$32,262,484
Mortgage interest paid	$15,761,356
Contributions	$8,058,946
Taxable income	$309,755,533
Total tax credits [5]	$913,924
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$31,242
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$4,727,995
Income tax [8]	$80,856,155
Total tax liability [9]	$83,215,711
Tax due at time of filing [10]	$12,767,151
Overpayments refunded [11]	($5,096,482)

[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.