Home » Georgia » FULTON County » ZIP Code 30315 » Tax Stats

30315 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30315 [1]	14,124
Total Number of Joint Tax Returns for ZIP Code 30315	1,275
Total Number of Dependents for ZIP Code 30315	6,998
Total Adjusted Gross Income for ZIP Code 30315	349,923,712
Average Income per Person for ZIP Code 30315	$10,335

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]	3,322
Number of joint returns	91
Number of returns with paid preparer's signature	1,560
Number of exemptions	4,887
Number of dependents	1,281
Adjust gross income (AGI) [2]	$16,975,372
Salaries and wages	$14,460,529
Taxable interest	$230,955
Ordinary dividends	$48,265
Business or professional net income (less loss)	$2,152,818
Net capital gain (less loss)	$25,246
Taxable individual retirement arrangements distributions	$141,778
Taxable pensions and annuities	$785,500
Unemployment compensation [3]	$451,795
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,334,145
State and local income taxes	$66,377
State and local general sales tax	$7,764
Real estate taxes	$134,224
Taxes paid	$220,091
Mortgage interest paid	$756,179
Contributions	$49,033
Taxable income	$477,457
Total tax credits [5]	$1,415
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$3,199,087
Excess earned income credit (refundable) [7]	$2,770,940
Alternative minimum tax	$0
Income tax [8]	$45,962
Total tax liability [9]	$628,114
Tax due at time of filing [10]	$41,380
Overpayments refunded [11]	($5,824,686)

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

Number of returns [1]	6,203
Number of joint returns	272
Number of returns with paid preparer's signature	3,400
Number of exemptions	12,640
Number of dependents	3,757
Adjust gross income (AGI) [2]	$102,222,548
Salaries and wages	$89,150,625
Taxable interest	$541,325
Ordinary dividends	$29,950
Business or professional net income (less loss)	$6,879,918
Net capital gain (less loss)	($53,196)
Taxable individual retirement arrangements distributions	$355,191
Taxable pensions and annuities	$3,720,221
Unemployment compensation [3]	$1,669,909
Taxable Social Security benefits	$60,000
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,537,130
State and local income taxes	$329,682
State and local general sales tax	$48,482
Real estate taxes	$353,764
Taxes paid	$818,555
Mortgage interest paid	$1,442,627
Contributions	$756,290
Taxable income	$23,646,506
Total tax credits [5]	$541,583
Residential energy tax credit	$8,618
Child tax credit	$300,835
Child and dependent care credit	$73,422
Earned income credit [6]	$12,399,879
Excess earned income credit (refundable) [7]	$11,332,656
Alternative minimum tax	$0
Income tax [8]	$2,033,944
Total tax liability [9]	$3,449,725
Tax due at time of filing [10]	$174,041
Overpayments refunded [11]	($22,889,461)

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

Number of returns [1]	3,250
Number of joint returns	395
Number of returns with paid preparer's signature	1,529
Number of exemptions	6,556
Number of dependents	1,517
Adjust gross income (AGI) [2]	$111,601,350
Salaries and wages	$97,542,409
Taxable interest	$372,565
Ordinary dividends	$225,045
Business or professional net income (less loss)	$2,772,056
Net capital gain (less loss)	$16,000
Taxable individual retirement arrangements distributions	$735,481
Taxable pensions and annuities	$6,034,476
Unemployment compensation [3]	$814,236
Taxable Social Security benefits	$890,560
Self-employment retirement plans	$0
Total itemized deductions [4]	$16,056,417
State and local income taxes	$1,726,302
State and local general sales tax	$108,891
Real estate taxes	$1,108,045
Taxes paid	$3,164,045
Mortgage interest paid	$5,150,436
Contributions	$2,490,083
Taxable income	$57,139,311
Total tax credits [5]	$1,446,002
Residential energy tax credit	$0
Child tax credit	$917,523
Child and dependent care credit	$179,272
Earned income credit [6]	$1,276,111
Excess earned income credit (refundable) [7]	$1,131,239
Alternative minimum tax	$0
Income tax [8]	$5,774,154
Total tax liability [9]	$6,495,756
Tax due at time of filing [10]	$381,192
Overpayments refunded [11]	($10,563,973)

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

Number of returns [1]	744
Number of joint returns	193
Number of returns with paid preparer's signature	348
Number of exemptions	1,392
Number of dependents	253
Adjust gross income (AGI) [2]	$44,853,060
Salaries and wages	$40,302,723
Taxable interest	$225,151
Ordinary dividends	$150,535
Business or professional net income (less loss)	$47,172
Net capital gain (less loss)	$7,291
Taxable individual retirement arrangements distributions	$247,287
Taxable pensions and annuities	$2,893,476
Unemployment compensation [3]	$206,853
Taxable Social Security benefits	$569,899
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,830,020
State and local income taxes	$1,461,901
State and local general sales tax	$38,725
Real estate taxes	$857,942
Taxes paid	$2,535,023
Mortgage interest paid	$4,006,007
Contributions	$1,489,123
Taxable income	$28,346,778
Total tax credits [5]	$307,225
Residential energy tax credit	$0
Child tax credit	$219,837
Child and dependent care credit	$25,434
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,954,540
Total tax liability [9]	$4,091,202
Tax due at time of filing [10]	$202,742
Overpayments refunded [11]	($2,255,737)

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

Number of returns [1]	265
Number of joint returns	112
Number of returns with paid preparer's signature	121
Number of exemptions	487
Number of dependents	72
Adjust gross income (AGI) [2]	$22,601,937
Salaries and wages	$19,485,787
Taxable interest	$112,124
Ordinary dividends	$28,146
Business or professional net income (less loss)	$839,632
Net capital gain (less loss)	$5,812
Taxable individual retirement arrangements distributions	$417,421
Taxable pensions and annuities	$1,302,566
Unemployment compensation [3]	$0
Taxable Social Security benefits	$483,473
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,881,822
State and local income taxes	$881,728
State and local general sales tax	$0
Real estate taxes	$483,738
Taxes paid	$1,437,897
Mortgage interest paid	$2,112,897
Contributions	$646,788
Taxable income	$15,543,522
Total tax credits [5]	$87,506
Residential energy tax credit	$0
Child tax credit	$59,900
Child and dependent care credit	$7,947
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,514,209
Total tax liability [9]	$2,695,031
Tax due at time of filing [10]	$252,916
Overpayments refunded [11]	($841,978)

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

Number of returns [1]	290
Number of joint returns	173
Number of returns with paid preparer's signature	154
Number of exemptions	599
Number of dependents	94
Adjust gross income (AGI) [2]	$37,946,239
Salaries and wages	$33,132,857
Taxable interest	$237,426
Ordinary dividends	$222,797
Business or professional net income (less loss)	$917,504
Net capital gain (less loss)	$167,536
Taxable individual retirement arrangements distributions	$543,246
Taxable pensions and annuities	$1,595,227
Unemployment compensation [3]	$38,914
Taxable Social Security benefits	$253,905
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,927,031
State and local income taxes	$1,837,831
State and local general sales tax	$0
Real estate taxes	$832,179
Taxes paid	$2,770,598
Mortgage interest paid	$3,634,952
Contributions	$813,906
Taxable income	$27,783,764
Total tax credits [5]	$89,472
Residential energy tax credit	$0
Child tax credit	$47,244
Child and dependent care credit	$16,442
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$36,152
Income tax [8]	$5,226,816
Total tax liability [9]	$5,418,945
Tax due at time of filing [10]	$270,591
Overpayments refunded [11]	($1,074,943)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	50
Number of joint returns	39
Number of returns with paid preparer's signature	33
Number of exemptions	128
Number of dependents	24
Adjust gross income (AGI) [2]	$13,723,206
Salaries and wages	$11,107,613
Taxable interest	$62,382
Ordinary dividends	$134,579
Business or professional net income (less loss)	$8,433
Net capital gain (less loss)	$178,715
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,231,579
State and local income taxes	$701,902
State and local general sales tax	$0
Real estate taxes	$263,407
Taxes paid	$989,326
Mortgage interest paid	$815,062
Contributions	$202,844
Taxable income	$11,080,176
Total tax credits [5]	$28,180
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	$75,969
Income tax [8]	$2,715,308
Total tax liability [9]	$2,782,687
Tax due at time of filing [10]	$208,396
Overpayments refunded [11]	($134,151)

[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.