Home » Georgia » FULTON County » ZIP Code 30331 » Tax Stats

30331 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30331 [1]	23,657
Total Number of Joint Tax Returns for ZIP Code 30331	3,998
Total Number of Dependents for ZIP Code 30331	10,872
Total Adjusted Gross Income for ZIP Code 30331	923,052,533
Average Income per Person for ZIP Code 30331	$17,064

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]	4,226
Number of joint returns	183
Number of returns with paid preparer's signature	2,004
Number of exemptions	5,493
Number of dependents	1,312
Adjust gross income (AGI) [2]	$19,382,453
Salaries and wages	$20,957,551
Taxable interest	$371,144
Ordinary dividends	$114,334
Business or professional net income (less loss)	$498,036
Net capital gain (less loss)	$136,928
Taxable individual retirement arrangements distributions	$459,987
Taxable pensions and annuities	$2,294,335
Unemployment compensation [3]	$727,612
Taxable Social Security benefits	$46,996
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,688,591
State and local income taxes	$187,322
State and local general sales tax	$29,431
Real estate taxes	$642,487
Taxes paid	$985,026
Mortgage interest paid	$2,912,629
Contributions	$254,603
Taxable income	$710,139
Total tax credits [5]	$2,281
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$3,194,058
Excess earned income credit (refundable) [7]	$2,761,324
Alternative minimum tax	$0
Income tax [8]	$68,717
Total tax liability [9]	$687,685
Tax due at time of filing [10]	$77,462
Overpayments refunded [11]	($5,955,381)

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

Number of returns [1]	7,551
Number of joint returns	447
Number of returns with paid preparer's signature	4,259
Number of exemptions	14,809
Number of dependents	4,279
Adjust gross income (AGI) [2]	$127,125,068
Salaries and wages	$110,067,060
Taxable interest	$822,325
Ordinary dividends	$141,894
Business or professional net income (less loss)	$2,310,203
Net capital gain (less loss)	($8,584)
Taxable individual retirement arrangements distributions	$1,331,077
Taxable pensions and annuities	$10,907,012
Unemployment compensation [3]	$2,794,614
Taxable Social Security benefits	$398,659
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,455,301
State and local income taxes	$607,241
State and local general sales tax	$169,030
Real estate taxes	$1,236,511
Taxes paid	$2,269,459
Mortgage interest paid	$5,626,538
Contributions	$1,929,990
Taxable income	$28,992,710
Total tax credits [5]	$753,797
Residential energy tax credit	$0
Child tax credit	$350,399
Child and dependent care credit	$119,151
Earned income credit [6]	$13,537,929
Excess earned income credit (refundable) [7]	$12,364,821
Alternative minimum tax	$0
Income tax [8]	$2,379,226
Total tax liability [9]	$3,799,867
Tax due at time of filing [10]	$324,814
Overpayments refunded [11]	($24,332,025)

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

Number of returns [1]	6,300
Number of joint returns	741
Number of returns with paid preparer's signature	3,281
Number of exemptions	11,954
Number of dependents	2,897
Adjust gross income (AGI) [2]	$224,685,291
Salaries and wages	$196,810,184
Taxable interest	$942,966
Ordinary dividends	$416,748
Business or professional net income (less loss)	($2,918,279)
Net capital gain (less loss)	$254,368
Taxable individual retirement arrangements distributions	$2,775,574
Taxable pensions and annuities	$24,140,067
Unemployment compensation [3]	$1,692,488
Taxable Social Security benefits	$3,405,593
Self-employment retirement plans	$52,026
Total itemized deductions [4]	$46,825,600
State and local income taxes	$4,343,055
State and local general sales tax	$347,099
Real estate taxes	$3,798,231
Taxes paid	$9,308,685
Mortgage interest paid	$17,469,979
Contributions	$7,852,671
Taxable income	$112,405,807
Total tax credits [5]	$3,001,188
Residential energy tax credit	$11,150
Child tax credit	$1,617,806
Child and dependent care credit	$446,112
Earned income credit [6]	$1,855,556
Excess earned income credit (refundable) [7]	$1,605,069
Alternative minimum tax	$0
Income tax [8]	$11,223,934
Total tax liability [9]	$11,946,518
Tax due at time of filing [10]	$1,100,573
Overpayments refunded [11]	($17,112,831)

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

Number of returns [1]	2,706
Number of joint returns	771
Number of returns with paid preparer's signature	1,508
Number of exemptions	5,151
Number of dependents	1,043
Adjust gross income (AGI) [2]	$164,832,759
Salaries and wages	$131,714,839
Taxable interest	$833,731
Ordinary dividends	$297,522
Business or professional net income (less loss)	($1,171,242)
Net capital gain (less loss)	$97,217
Taxable individual retirement arrangements distributions	$3,093,671
Taxable pensions and annuities	$25,921,114
Unemployment compensation [3]	$645,971
Taxable Social Security benefits	$4,935,489
Self-employment retirement plans	$0
Total itemized deductions [4]	$45,834,811
State and local income taxes	$5,574,759
State and local general sales tax	$210,681
Real estate taxes	$4,069,466
Taxes paid	$10,557,264
Mortgage interest paid	$18,733,016
Contributions	$8,392,704
Taxable income	$96,184,800
Total tax credits [5]	$1,282,142
Residential energy tax credit	$19,781
Child tax credit	$916,613
Child and dependent care credit	$136,277
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$11,772
Income tax [8]	$12,739,786
Total tax liability [9]	$13,265,296
Tax due at time of filing [10]	$1,029,674
Overpayments refunded [11]	($8,014,609)

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

Number of returns [1]	1,205
Number of joint returns	628
Number of returns with paid preparer's signature	705
Number of exemptions	2,659
Number of dependents	477
Adjust gross income (AGI) [2]	$103,718,257
Salaries and wages	$79,546,613
Taxable interest	$742,964
Ordinary dividends	$298,629
Business or professional net income (less loss)	$34,300
Net capital gain (less loss)	$73,487
Taxable individual retirement arrangements distributions	$2,054,941
Taxable pensions and annuities	$18,168,151
Unemployment compensation [3]	$340,613
Taxable Social Security benefits	$3,720,337
Self-employment retirement plans	$0
Total itemized deductions [4]	$29,460,036
State and local income taxes	$4,117,297
State and local general sales tax	$96,895
Real estate taxes	$2,736,124
Taxes paid	$7,331,320
Mortgage interest paid	$12,090,259
Contributions	$5,802,100
Taxable income	$63,889,826
Total tax credits [5]	$713,971
Residential energy tax credit	$0
Child tax credit	$455,142
Child and dependent care credit	$82,011
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$26,603
Income tax [8]	$9,339,243
Total tax liability [9]	$9,663,454
Tax due at time of filing [10]	$908,261
Overpayments refunded [11]	($3,772,764)

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

Number of returns [1]	1,375
Number of joint returns	989
Number of returns with paid preparer's signature	828
Number of exemptions	3,556
Number of dependents	685
Adjust gross income (AGI) [2]	$181,388,452
Salaries and wages	$142,208,303
Taxable interest	$1,358,514
Ordinary dividends	$627,593
Business or professional net income (less loss)	$1,751,753
Net capital gain (less loss)	$633,098
Taxable individual retirement arrangements distributions	$2,936,853
Taxable pensions and annuities	$27,308,656
Unemployment compensation [3]	$422,857
Taxable Social Security benefits	$3,514,208
Self-employment retirement plans	$228,090
Total itemized deductions [4]	$46,240,239
State and local income taxes	$8,320,660
State and local general sales tax	$132,739
Real estate taxes	$4,458,722
Taxes paid	$13,524,825
Mortgage interest paid	$19,028,342
Contributions	$9,396,586
Taxable income	$122,341,552
Total tax credits [5]	$547,449
Residential energy tax credit	$9,608
Child tax credit	$333,186
Child and dependent care credit	$133,601
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$201,175
Income tax [8]	$21,762,666
Total tax liability [9]	$22,635,101
Tax due at time of filing [10]	$2,215,975
Overpayments refunded [11]	($4,608,511)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	294
Number of joint returns	239
Number of returns with paid preparer's signature	199
Number of exemptions	865
Number of dependents	179
Adjust gross income (AGI) [2]	$101,920,253
Salaries and wages	$71,919,912
Taxable interest	$589,262
Ordinary dividends	$591,339
Business or professional net income (less loss)	$3,307,672
Net capital gain (less loss)	$1,092,950
Taxable individual retirement arrangements distributions	$1,285,993
Taxable pensions and annuities	$6,849,547
Unemployment compensation [3]	$0
Taxable Social Security benefits	$598,210
Self-employment retirement plans	$703,481
Total itemized deductions [4]	$21,203,446
State and local income taxes	$5,057,899
State and local general sales tax	$0
Real estate taxes	$1,987,869
Taxes paid	$7,239,936
Mortgage interest paid	$6,780,191
Contributions	$4,123,253
Taxable income	$78,134,561
Total tax credits [5]	$95,283
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$28,886
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$715,826
Income tax [8]	$20,649,713
Total tax liability [9]	$21,425,348
Tax due at time of filing [10]	$2,340,440
Overpayments refunded [11]	($1,848,751)

[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.