Home » Georgia » HENRY County » MCDONOUGH, GA » ZIP Code 30252 » Tax Stats

30252 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30252 [1]	16,271
Total Number of Joint Tax Returns for ZIP Code 30252	8,308
Total Number of Dependents for ZIP Code 30252	7,726
Total Adjusted Gross Income for ZIP Code 30252	977,030,952
Average Income per Person for ZIP Code 30252	$23,584

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]	2,363
Number of joint returns	279
Number of returns with paid preparer's signature	1,064
Number of exemptions	2,325
Number of dependents	411
Adjust gross income (AGI) [2]	$7,031,325
Salaries and wages	$13,175,691
Taxable interest	$916,606
Ordinary dividends	$307,279
Business or professional net income (less loss)	($909,490)
Net capital gain (less loss)	$21,406
Taxable individual retirement arrangements distributions	$281,010
Taxable pensions and annuities	$1,073,747
Unemployment compensation [3]	$253,775
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,563,674
State and local income taxes	$433,381
State and local general sales tax	$30,380
Real estate taxes	$798,640
Taxes paid	$1,344,303
Mortgage interest paid	$2,827,231
Contributions	$127,564
Taxable income	$593,024
Total tax credits [5]	$2,421
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$822,948
Excess earned income credit (refundable) [7]	$690,482
Alternative minimum tax	$0
Income tax [8]	$57,943
Total tax liability [9]	$358,784
Tax due at time of filing [10]	$92,614
Overpayments refunded [11]	($2,272,418)

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

Number of returns [1]	2,762
Number of joint returns	569
Number of returns with paid preparer's signature	1,453
Number of exemptions	5,083
Number of dependents	1,086
Adjust gross income (AGI) [2]	$47,185,496
Salaries and wages	$38,187,399
Taxable interest	$1,349,313
Ordinary dividends	$490,790
Business or professional net income (less loss)	$1,353,491
Net capital gain (less loss)	$94,803
Taxable individual retirement arrangements distributions	$1,308,091
Taxable pensions and annuities	$5,714,306
Unemployment compensation [3]	$787,194
Taxable Social Security benefits	$250,820
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,851,185
State and local income taxes	$427,028
State and local general sales tax	$124,764
Real estate taxes	$1,022,429
Taxes paid	$1,710,314
Mortgage interest paid	$4,400,605
Contributions	$982,036
Taxable income	$11,292,005
Total tax credits [5]	$205,809
Residential energy tax credit	$0
Child tax credit	$74,933
Child and dependent care credit	$39,973
Earned income credit [6]	$3,378,110
Excess earned income credit (refundable) [7]	$2,920,379
Alternative minimum tax	$0
Income tax [8]	$1,008,350
Total tax liability [9]	$1,680,806
Tax due at time of filing [10]	$193,104
Overpayments refunded [11]	($6,646,555)

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

Number of returns [1]	3,479
Number of joint returns	1,271
Number of returns with paid preparer's signature	1,963
Number of exemptions	7,648
Number of dependents	1,632
Adjust gross income (AGI) [2]	$128,808,433
Salaries and wages	$108,024,388
Taxable interest	$2,091,346
Ordinary dividends	$795,381
Business or professional net income (less loss)	$1,046,241
Net capital gain (less loss)	$139,122
Taxable individual retirement arrangements distributions	$2,539,584
Taxable pensions and annuities	$12,454,413
Unemployment compensation [3]	$912,846
Taxable Social Security benefits	$3,014,599
Self-employment retirement plans	$0
Total itemized deductions [4]	$32,604,649
State and local income taxes	$2,813,813
State and local general sales tax	$256,194
Real estate taxes	$3,474,850
Taxes paid	$7,058,351
Mortgage interest paid	$14,861,952
Contributions	$3,967,221
Taxable income	$57,795,919
Total tax credits [5]	$1,547,924
Residential energy tax credit	$0
Child tax credit	$982,582
Child and dependent care credit	$176,570
Earned income credit [6]	$908,282
Excess earned income credit (refundable) [7]	$745,250
Alternative minimum tax	$0
Income tax [8]	$5,536,770
Total tax liability [9]	$6,326,785
Tax due at time of filing [10]	$556,503
Overpayments refunded [11]	($8,899,265)

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

Number of returns [1]	2,699
Number of joint returns	1,703
Number of returns with paid preparer's signature	1,489
Number of exemptions	7,232
Number of dependents	1,493
Adjust gross income (AGI) [2]	$167,505,377
Salaries and wages	$140,067,471
Taxable interest	$2,270,877
Ordinary dividends	$992,656
Business or professional net income (less loss)	$1,178,283
Net capital gain (less loss)	$43,510
Taxable individual retirement arrangements distributions	$2,653,849
Taxable pensions and annuities	$14,606,156
Unemployment compensation [3]	$626,878
Taxable Social Security benefits	$5,321,213
Self-employment retirement plans	$0
Total itemized deductions [4]	$42,658,445
State and local income taxes	$5,565,076
State and local general sales tax	$222,783
Real estate taxes	$4,586,306
Taxes paid	$11,090,555
Mortgage interest paid	$19,390,636
Contributions	$5,357,436
Taxable income	$93,833,685
Total tax credits [5]	$2,339,848
Residential energy tax credit	$15,609
Child tax credit	$1,869,860
Child and dependent care credit	$176,521
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$10,472,303
Total tax liability [9]	$11,136,326
Tax due at time of filing [10]	$849,523
Overpayments refunded [11]	($7,420,107)

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

Number of returns [1]	2,158
Number of joint returns	1,866
Number of returns with paid preparer's signature	1,154
Number of exemptions	6,618
Number of dependents	1,327
Adjust gross income (AGI) [2]	$187,230,696
Salaries and wages	$155,898,496
Taxable interest	$2,110,462
Ordinary dividends	$801,855
Business or professional net income (less loss)	$2,115,460
Net capital gain (less loss)	$477,717
Taxable individual retirement arrangements distributions	$3,348,740
Taxable pensions and annuities	$16,047,314
Unemployment compensation [3]	$523,296
Taxable Social Security benefits	$4,440,616
Self-employment retirement plans	$0
Total itemized deductions [4]	$44,198,144
State and local income taxes	$7,440,037
State and local general sales tax	$87,760
Real estate taxes	$4,878,149
Taxes paid	$13,183,499
Mortgage interest paid	$19,657,043
Contributions	$6,089,652
Taxable income	$117,059,400
Total tax credits [5]	$2,507,075
Residential energy tax credit	$0
Child tax credit	$1,876,630
Child and dependent care credit	$195,989
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$29,538
Income tax [8]	$14,149,029
Total tax liability [9]	$14,844,999
Tax due at time of filing [10]	$937,152
Overpayments refunded [11]	($6,350,590)

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

Number of returns [1]	2,518
Number of joint returns	2,348
Number of returns with paid preparer's signature	1,366
Number of exemptions	7,894
Number of dependents	1,603
Adjust gross income (AGI) [2]	$326,379,626
Salaries and wages	$276,683,336
Taxable interest	$3,184,453
Ordinary dividends	$2,435,203
Business or professional net income (less loss)	$2,501,799
Net capital gain (less loss)	$1,860,028
Taxable individual retirement arrangements distributions	$5,741,950
Taxable pensions and annuities	$23,171,264
Unemployment compensation [3]	$390,748
Taxable Social Security benefits	$3,998,445
Self-employment retirement plans	$96,840
Total itemized deductions [4]	$71,624,715
State and local income taxes	$15,668,328
State and local general sales tax	$140,659
Real estate taxes	$7,884,600
Taxes paid	$24,912,163
Mortgage interest paid	$29,633,584
Contributions	$10,564,951
Taxable income	$226,024,473
Total tax credits [5]	$1,623,800
Residential energy tax credit	$15,119
Child tax credit	$1,245,000
Child and dependent care credit	$221,892
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$234,814
Income tax [8]	$37,323,111
Total tax liability [9]	$38,332,190
Tax due at time of filing [10]	$2,564,907
Overpayments refunded [11]	($7,041,521)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	292
Number of joint returns	272
Number of returns with paid preparer's signature	213
Number of exemptions	907
Number of dependents	174
Adjust gross income (AGI) [2]	$112,889,999
Salaries and wages	$62,181,593
Taxable interest	$3,102,921
Ordinary dividends	$2,073,889
Business or professional net income (less loss)	$3,038,233
Net capital gain (less loss)	$8,654,828
Taxable individual retirement arrangements distributions	$935,156
Taxable pensions and annuities	$3,373,661
Unemployment compensation [3]	$0
Taxable Social Security benefits	$807,160
Self-employment retirement plans	$137,843
Total itemized deductions [4]	$17,746,209
State and local income taxes	$5,374,459
State and local general sales tax	$0
Real estate taxes	$1,493,197
Taxes paid	$7,126,994
Mortgage interest paid	$4,307,855
Contributions	$4,879,420
Taxable income	$92,481,664
Total tax credits [5]	$154,667
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$6,849
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$836,959
Income tax [8]	$23,256,190
Total tax liability [9]	$23,722,442
Tax due at time of filing [10]	$4,381,524
Overpayments refunded [11]	($1,843,331)

[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.