Home » Georgia » FULTON County » ATLANTA, GA » ZIP Code 30307 » Tax Stats

30307 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30307 [1]	9,066
Total Number of Joint Tax Returns for ZIP Code 30307	2,530
Total Number of Dependents for ZIP Code 30307	2,242
Total Adjusted Gross Income for ZIP Code 30307	870,484,132
Average Income per Person for ZIP Code 30307	$48,349

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]	1,343
Number of joint returns	58
Number of returns with paid preparer's signature	630
Number of exemptions	1,246
Number of dependents	145
Adjust gross income (AGI) [2]	$3,348,943
Salaries and wages	$6,318,173
Taxable interest	$336,075
Ordinary dividends	$714,285
Business or professional net income (less loss)	$492,292
Net capital gain (less loss)	$646,774
Taxable individual retirement arrangements distributions	$346,771
Taxable pensions and annuities	$267,670
Unemployment compensation [3]	$88,313
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,816,955
State and local income taxes	$393,367
State and local general sales tax	$19,701
Real estate taxes	$564,422
Taxes paid	$1,022,688
Mortgage interest paid	$1,753,482
Contributions	$47,877
Taxable income	$386,312
Total tax credits [5]	$2,381
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$356,604
Excess earned income credit (refundable) [7]	$283,729
Alternative minimum tax	$0
Income tax [8]	$36,515
Total tax liability [9]	$275,592
Tax due at time of filing [10]	$102,289
Overpayments refunded [11]	($1,379,094)

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

Number of returns [1]	1,508
Number of joint returns	69
Number of returns with paid preparer's signature	607
Number of exemptions	2,067
Number of dependents	355
Adjust gross income (AGI) [2]	$26,016,846
Salaries and wages	$21,219,183
Taxable interest	$454,723
Ordinary dividends	$829,139
Business or professional net income (less loss)	$2,345,980
Net capital gain (less loss)	$156,829
Taxable individual retirement arrangements distributions	$321,997
Taxable pensions and annuities	$1,020,046
Unemployment compensation [3]	$324,131
Taxable Social Security benefits	$88,999
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,806,695
State and local income taxes	$194,600
State and local general sales tax	$28,099
Real estate taxes	$434,280
Taxes paid	$684,665
Mortgage interest paid	$1,082,062
Contributions	$174,112
Taxable income	$9,654,639
Total tax credits [5]	$150,074
Residential energy tax credit	$0
Child tax credit	$27,756
Child and dependent care credit	$7,528
Earned income credit [6]	$1,085,677
Excess earned income credit (refundable) [7]	$958,929
Alternative minimum tax	$0
Income tax [8]	$898,560
Total tax liability [9]	$1,314,351
Tax due at time of filing [10]	$239,630
Overpayments refunded [11]	($2,705,602)

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

Number of returns [1]	1,756
Number of joint returns	172
Number of returns with paid preparer's signature	681
Number of exemptions	2,325
Number of dependents	275
Adjust gross income (AGI) [2]	$64,846,758
Salaries and wages	$56,989,228
Taxable interest	$853,155
Ordinary dividends	$1,089,054
Business or professional net income (less loss)	$3,355,409
Net capital gain (less loss)	$226,481
Taxable individual retirement arrangements distributions	$762,852
Taxable pensions and annuities	$2,181,774
Unemployment compensation [3]	$281,470
Taxable Social Security benefits	$656,580
Self-employment retirement plans	$131,185
Total itemized deductions [4]	$9,956,442
State and local income taxes	$1,044,027
State and local general sales tax	$86,478
Real estate taxes	$1,427,926
Taxes paid	$2,704,523
Mortgage interest paid	$3,919,502
Contributions	$847,260
Taxable income	$40,297,499
Total tax credits [5]	$383,244
Residential energy tax credit	$0
Child tax credit	$152,627
Child and dependent care credit	$26,952
Earned income credit [6]	$142,380
Excess earned income credit (refundable) [7]	$113,747
Alternative minimum tax	$0
Income tax [8]	$4,964,978
Total tax liability [9]	$5,594,639
Tax due at time of filing [10]	$499,873
Overpayments refunded [11]	($2,903,014)

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

Number of returns [1]	1,117
Number of joint returns	226
Number of returns with paid preparer's signature	488
Number of exemptions	1,620
Number of dependents	175
Adjust gross income (AGI) [2]	$68,961,458
Salaries and wages	$59,877,405
Taxable interest	$941,228
Ordinary dividends	$1,252,076
Business or professional net income (less loss)	$2,313,841
Net capital gain (less loss)	$29,892
Taxable individual retirement arrangements distributions	$685,263
Taxable pensions and annuities	$3,370,142
Unemployment compensation [3]	$150,905
Taxable Social Security benefits	$1,200,637
Self-employment retirement plans	$164,450
Total itemized deductions [4]	$13,443,883
State and local income taxes	$2,065,446
State and local general sales tax	$37,635
Real estate taxes	$2,059,207
Taxes paid	$4,313,307
Mortgage interest paid	$5,561,270
Contributions	$1,063,066
Taxable income	$47,126,617
Total tax credits [5]	$262,884
Residential energy tax credit	$0
Child tax credit	$157,577
Child and dependent care credit	$16,707
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$8,856
Income tax [8]	$7,333,409
Total tax liability [9]	$7,821,674
Tax due at time of filing [10]	$471,170
Overpayments refunded [11]	($2,593,702)

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

Number of returns [1]	770
Number of joint returns	269
Number of returns with paid preparer's signature	375
Number of exemptions	1,293
Number of dependents	167
Adjust gross income (AGI) [2]	$67,378,686
Salaries and wages	$55,175,705
Taxable interest	$1,033,594
Ordinary dividends	$1,860,193
Business or professional net income (less loss)	$2,576,536
Net capital gain (less loss)	$906,098
Taxable individual retirement arrangements distributions	$724,434
Taxable pensions and annuities	$3,308,116
Unemployment compensation [3]	$57,330
Taxable Social Security benefits	$1,042,558
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,819,707
State and local income taxes	$2,811,378
State and local general sales tax	$36,130
Real estate taxes	$2,312,795
Taxes paid	$5,317,706
Mortgage interest paid	$6,461,082
Contributions	$1,033,134
Taxable income	$47,018,164
Total tax credits [5]	$266,645
Residential energy tax credit	$0
Child tax credit	$163,359
Child and dependent care credit	$15,410
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,792,910
Total tax liability [9]	$8,291,593
Tax due at time of filing [10]	$583,110
Overpayments refunded [11]	($2,459,320)

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

Number of returns [1]	1,593
Number of joint returns	953
Number of returns with paid preparer's signature	838
Number of exemptions	3,520
Number of dependents	597
Adjust gross income (AGI) [2]	$224,904,315
Salaries and wages	$180,269,548
Taxable interest	$3,641,951
Ordinary dividends	$5,982,271
Business or professional net income (less loss)	$8,668,016
Net capital gain (less loss)	$2,147,337
Taxable individual retirement arrangements distributions	$3,187,182
Taxable pensions and annuities	$9,414,028
Unemployment compensation [3]	$123,343
Taxable Social Security benefits	$2,846,636
Self-employment retirement plans	$917,977
Total itemized deductions [4]	$47,230,076
State and local income taxes	$11,503,115
State and local general sales tax	$79,785
Real estate taxes	$7,071,447
Taxes paid	$19,236,371
Mortgage interest paid	$20,302,755
Contributions	$4,146,599
Taxable income	$164,864,010
Total tax credits [5]	$534,659
Residential energy tax credit	$0
Child tax credit	$242,405
Child and dependent care credit	$91,815
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$275,301
Income tax [8]	$31,618,547
Total tax liability [9]	$33,300,439
Tax due at time of filing [10]	$2,112,672
Overpayments refunded [11]	($6,248,024)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	979
Number of joint returns	783
Number of returns with paid preparer's signature	721
Number of exemptions	2,728
Number of dependents	528
Adjust gross income (AGI) [2]	$415,027,126
Salaries and wages	$254,182,606
Taxable interest	$6,663,171
Ordinary dividends	$11,563,498
Business or professional net income (less loss)	$15,729,197
Net capital gain (less loss)	$36,791,964
Taxable individual retirement arrangements distributions	$2,392,307
Taxable pensions and annuities	$5,301,289
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,517,142
Self-employment retirement plans	$5,726,763
Total itemized deductions [4]	$63,033,223
State and local income taxes	$23,273,263
State and local general sales tax	$0
Real estate taxes	$8,020,991
Taxes paid	$32,015,308
Mortgage interest paid	$20,810,022
Contributions	$8,887,085
Taxable income	$344,255,219
Total tax credits [5]	$779,736
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$80,744
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$3,916,846
Income tax [8]	$92,707,101
Total tax liability [9]	$96,983,270
Tax due at time of filing [10]	$8,713,278
Overpayments refunded [11]	($5,001,105)

[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.