Home » Georgia » COBB County » ZIP Code 30060 » Tax Stats

30060 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30060 [1]	13,651
Total Number of Joint Tax Returns for ZIP Code 30060	3,536
Total Number of Dependents for ZIP Code 30060	6,440
Total Adjusted Gross Income for ZIP Code 30060	462,568,363
Average Income per Person for ZIP Code 30060	$13,384

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]	2,918
Number of joint returns	299
Number of returns with paid preparer's signature	1,631
Number of exemptions	4,411
Number of dependents	907
Adjust gross income (AGI) [2]	$11,519,167
Salaries and wages	$12,300,901
Taxable interest	$575,304
Ordinary dividends	$269,768
Business or professional net income (less loss)	($570,479)
Net capital gain (less loss)	$511,746
Taxable individual retirement arrangements distributions	$275,420
Taxable pensions and annuities	$869,734
Unemployment compensation [3]	$239,132
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,762,427
State and local income taxes	$241,353
State and local general sales tax	$16,701
Real estate taxes	$344,561
Taxes paid	$648,394
Mortgage interest paid	$1,275,875
Contributions	$84,009
Taxable income	$298,518
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,649,344
Excess earned income credit (refundable) [7]	$1,376,846
Alternative minimum tax	$0
Income tax [8]	$28,860
Total tax liability [9]	$517,973
Tax due at time of filing [10]	$141,330
Overpayments refunded [11]	($3,196,201)

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

Number of returns [1]	4,662
Number of joint returns	758
Number of returns with paid preparer's signature	3,044
Number of exemptions	11,156
Number of dependents	2,802
Adjust gross income (AGI) [2]	$79,139,135
Salaries and wages	$66,161,799
Taxable interest	$947,928
Ordinary dividends	$525,171
Business or professional net income (less loss)	$5,846,890
Net capital gain (less loss)	($86,663)
Taxable individual retirement arrangements distributions	$888,369
Taxable pensions and annuities	$4,324,695
Unemployment compensation [3]	$1,217,721
Taxable Social Security benefits	$247,753
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,536,080
State and local income taxes	$342,362
State and local general sales tax	$56,821
Real estate taxes	$475,586
Taxes paid	$946,216
Mortgage interest paid	$2,931,901
Contributions	$677,167
Taxable income	$14,818,727
Total tax credits [5]	$355,103
Residential energy tax credit	$0
Child tax credit	$183,508
Child and dependent care credit	$30,032
Earned income credit [6]	$7,187,052
Excess earned income credit (refundable) [7]	$6,174,182
Alternative minimum tax	$0
Income tax [8]	$1,231,162
Total tax liability [9]	$2,520,959
Tax due at time of filing [10]	$248,436
Overpayments refunded [11]	($12,594,596)

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

Number of returns [1]	3,683
Number of joint returns	1,109
Number of returns with paid preparer's signature	2,198
Number of exemptions	9,587
Number of dependents	1,885
Adjust gross income (AGI) [2]	$128,798,254
Salaries and wages	$113,954,329
Taxable interest	$1,788,022
Ordinary dividends	$665,809
Business or professional net income (less loss)	$1,127,755
Net capital gain (less loss)	$101,086
Taxable individual retirement arrangements distributions	$1,904,639
Taxable pensions and annuities	$6,903,845
Unemployment compensation [3]	$699,143
Taxable Social Security benefits	$2,029,696
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,213,870
State and local income taxes	$1,833,834
State and local general sales tax	$102,659
Real estate taxes	$1,120,432
Taxes paid	$3,304,960
Mortgage interest paid	$6,582,382
Contributions	$2,104,210
Taxable income	$57,988,206
Total tax credits [5]	$1,541,573
Residential energy tax credit	$0
Child tax credit	$1,082,827
Child and dependent care credit	$133,485
Earned income credit [6]	$1,015,365
Excess earned income credit (refundable) [7]	$869,198
Alternative minimum tax	$0
Income tax [8]	$5,644,261
Total tax liability [9]	$6,142,730
Tax due at time of filing [10]	$544,089
Overpayments refunded [11]	($9,054,253)

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

Number of returns [1]	1,176
Number of joint returns	518
Number of returns with paid preparer's signature	673
Number of exemptions	2,630
Number of dependents	438
Adjust gross income (AGI) [2]	$71,079,705
Salaries and wages	$60,451,317
Taxable interest	$1,356,607
Ordinary dividends	$803,336
Business or professional net income (less loss)	$639,251
Net capital gain (less loss)	$83,177
Taxable individual retirement arrangements distributions	$1,520,814
Taxable pensions and annuities	$5,265,536
Unemployment compensation [3]	$252,302
Taxable Social Security benefits	$2,460,833
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,126,941
State and local income taxes	$2,097,586
State and local general sales tax	$25,087
Real estate taxes	$924,688
Taxes paid	$3,213,688
Mortgage interest paid	$5,739,352
Contributions	$1,954,356
Taxable income	$44,005,258
Total tax credits [5]	$643,759
Residential energy tax credit	$0
Child tax credit	$501,976
Child and dependent care credit	$39,847
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,795,420
Total tax liability [9]	$6,055,816
Tax due at time of filing [10]	$461,153
Overpayments refunded [11]	($3,666,419)

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

Number of returns [1]	540
Number of joint returns	341
Number of returns with paid preparer's signature	284
Number of exemptions	1,232
Number of dependents	179
Adjust gross income (AGI) [2]	$46,435,460
Salaries and wages	$36,952,377
Taxable interest	$1,346,962
Ordinary dividends	$633,472
Business or professional net income (less loss)	$707,663
Net capital gain (less loss)	$217,785
Taxable individual retirement arrangements distributions	$1,060,810
Taxable pensions and annuities	$2,618,375
Unemployment compensation [3]	$161,995
Taxable Social Security benefits	$1,755,059
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,798,761
State and local income taxes	$1,559,910
State and local general sales tax	$11,189
Real estate taxes	$660,713
Taxes paid	$2,357,656
Mortgage interest paid	$3,647,019
Contributions	$1,235,546
Taxable income	$31,856,918
Total tax credits [5]	$296,462
Residential energy tax credit	$0
Child tax credit	$223,974
Child and dependent care credit	$20,382
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,751,518
Total tax liability [9]	$4,929,217
Tax due at time of filing [10]	$429,830
Overpayments refunded [11]	($1,412,071)

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

Number of returns [1]	551
Number of joint returns	421
Number of returns with paid preparer's signature	303
Number of exemptions	1,311
Number of dependents	189
Adjust gross income (AGI) [2]	$72,030,086
Salaries and wages	$53,584,470
Taxable interest	$1,664,958
Ordinary dividends	$1,485,641
Business or professional net income (less loss)	$1,802,831
Net capital gain (less loss)	$1,151,472
Taxable individual retirement arrangements distributions	$2,597,742
Taxable pensions and annuities	$4,547,349
Unemployment compensation [3]	$72,806
Taxable Social Security benefits	$1,914,447
Self-employment retirement plans	$394,130
Total itemized deductions [4]	$13,166,778
State and local income taxes	$3,077,817
State and local general sales tax	$0
Real estate taxes	$1,096,829
Taxes paid	$4,362,860
Mortgage interest paid	$5,122,093
Contributions	$2,145,253
Taxable income	$53,487,610
Total tax credits [5]	$204,493
Residential energy tax credit	$0
Child tax credit	$132,067
Child and dependent care credit	$23,835
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$12,135
Income tax [8]	$9,507,586
Total tax liability [9]	$9,947,734
Tax due at time of filing [10]	$1,015,788
Overpayments refunded [11]	($1,550,945)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	121
Number of joint returns	90
Number of returns with paid preparer's signature	88
Number of exemptions	286
Number of dependents	40
Adjust gross income (AGI) [2]	$53,566,556
Salaries and wages	$27,783,456
Taxable interest	$1,677,603
Ordinary dividends	$668,910
Business or professional net income (less loss)	$1,867,098
Net capital gain (less loss)	$3,993,588
Taxable individual retirement arrangements distributions	$136,422
Taxable pensions and annuities	$2,307,932
Unemployment compensation [3]	$0
Taxable Social Security benefits	$495,251
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,027,175
State and local income taxes	$3,115,888
State and local general sales tax	$0
Real estate taxes	$636,971
Taxes paid	$3,883,006
Mortgage interest paid	$2,125,983
Contributions	$1,624,996
Taxable income	$44,679,651
Total tax credits [5]	$28,875
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	$342,692
Income tax [8]	$12,246,902
Total tax liability [9]	$12,536,993
Tax due at time of filing [10]	$1,615,723
Overpayments refunded [11]	($853,496)

[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.