Home » Georgia » FULTON County » ATLANTA, GA » ZIP Code 30349 » Tax Stats

30349 Income Tax Overview

Total Number of Tax Returns for ZIP Code 30349 [1]	31,987
Total Number of Joint Tax Returns for ZIP Code 30349	4,908
Total Number of Dependents for ZIP Code 30349	16,166
Total Adjusted Gross Income for ZIP Code 30349	1,077,284,200
Average Income per Person for ZIP Code 30349	$15,936

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]	5,561
Number of joint returns	216
Number of returns with paid preparer's signature	2,969
Number of exemptions	7,612
Number of dependents	1,995
Adjust gross income (AGI) [2]	$28,941,786
Salaries and wages	$28,692,083
Taxable interest	$296,729
Ordinary dividends	$83,853
Business or professional net income (less loss)	$2,188,082
Net capital gain (less loss)	($74,707)
Taxable individual retirement arrangements distributions	$440,614
Taxable pensions and annuities	$1,483,492
Unemployment compensation [3]	$737,663
Taxable Social Security benefits	$71,627
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,074,741
State and local income taxes	$122,498
State and local general sales tax	$39,808
Real estate taxes	$497,341
Taxes paid	$767,280
Mortgage interest paid	$2,720,232
Contributions	$233,841
Taxable income	$795,439
Total tax credits [5]	$1,947
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$5,110,459
Excess earned income credit (refundable) [7]	$4,367,413
Alternative minimum tax	$0
Income tax [8]	$78,648
Total tax liability [9]	$1,112,263
Tax due at time of filing [10]	$102,994
Overpayments refunded [11]	($8,798,281)

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

Number of returns [1]	10,675
Number of joint returns	661
Number of returns with paid preparer's signature	6,359
Number of exemptions	21,498
Number of dependents	6,436
Adjust gross income (AGI) [2]	$180,763,824
Salaries and wages	$171,776,012
Taxable interest	$805,283
Ordinary dividends	$166,651
Business or professional net income (less loss)	($2,238,503)
Net capital gain (less loss)	($3,643)
Taxable individual retirement arrangements distributions	$1,017,968
Taxable pensions and annuities	$8,103,351
Unemployment compensation [3]	$4,091,692
Taxable Social Security benefits	$321,191
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,568,681
State and local income taxes	$1,008,825
State and local general sales tax	$169,371
Real estate taxes	$1,466,846
Taxes paid	$3,019,432
Mortgage interest paid	$8,028,237
Contributions	$2,897,970
Taxable income	$39,951,307
Total tax credits [5]	$1,224,248
Residential energy tax credit	$0
Child tax credit	$529,850
Child and dependent care credit	$200,660
Earned income credit [6]	$20,751,294
Excess earned income credit (refundable) [7]	$18,806,322
Alternative minimum tax	$0
Income tax [8]	$3,088,103
Total tax liability [9]	$5,352,366
Tax due at time of filing [10]	$429,229
Overpayments refunded [11]	($39,034,200)

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

Number of returns [1]	9,424
Number of joint returns	1,119
Number of returns with paid preparer's signature	5,173
Number of exemptions	18,628
Number of dependents	4,737
Adjust gross income (AGI) [2]	$335,288,255
Salaries and wages	$320,244,488
Taxable interest	$1,119,775
Ordinary dividends	$480,327
Business or professional net income (less loss)	($10,850,330)
Net capital gain (less loss)	$94,865
Taxable individual retirement arrangements distributions	$2,803,800
Taxable pensions and annuities	$20,203,249
Unemployment compensation [3]	$2,252,550
Taxable Social Security benefits	$2,962,031
Self-employment retirement plans	$0
Total itemized deductions [4]	$80,184,430
State and local income taxes	$7,558,150
State and local general sales tax	$404,747
Real estate taxes	$5,618,961
Taxes paid	$15,221,629
Mortgage interest paid	$31,434,676
Contributions	$13,690,380
Taxable income	$159,545,553
Total tax credits [5]	$5,159,069
Residential energy tax credit	$27,876
Child tax credit	$2,728,132
Child and dependent care credit	$802,142
Earned income credit [6]	$3,274,657
Excess earned income credit (refundable) [7]	$2,904,876
Alternative minimum tax	$0
Income tax [8]	$14,822,947
Total tax liability [9]	$15,759,214
Tax due at time of filing [10]	$1,389,366
Overpayments refunded [11]	($28,544,813)

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

Number of returns [1]	3,524
Number of joint returns	1,049
Number of returns with paid preparer's signature	1,878
Number of exemptions	7,149
Number of dependents	1,524
Adjust gross income (AGI) [2]	$212,826,084
Salaries and wages	$186,701,869
Taxable interest	$1,048,317
Ordinary dividends	$363,749
Business or professional net income (less loss)	($1,670,752)
Net capital gain (less loss)	$139,204
Taxable individual retirement arrangements distributions	$2,656,665
Taxable pensions and annuities	$20,723,004
Unemployment compensation [3]	$820,465
Taxable Social Security benefits	$4,191,692
Self-employment retirement plans	$32,452
Total itemized deductions [4]	$57,443,328
State and local income taxes	$7,629,262
State and local general sales tax	$165,987
Real estate taxes	$4,319,068
Taxes paid	$12,924,284
Mortgage interest paid	$23,173,861
Contributions	$10,622,742
Taxable income	$124,446,125
Total tax credits [5]	$1,971,038
Residential energy tax credit	$17,037
Child tax credit	$1,347,181
Child and dependent care credit	$229,998
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$12,265
Income tax [8]	$16,120,212
Total tax liability [9]	$16,770,122
Tax due at time of filing [10]	$1,295,423
Overpayments refunded [11]	($10,438,342)

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

Number of returns [1]	1,445
Number of joint returns	832
Number of returns with paid preparer's signature	817
Number of exemptions	3,488
Number of dependents	724
Adjust gross income (AGI) [2]	$124,537,969
Salaries and wages	$106,684,093
Taxable interest	$732,310
Ordinary dividends	$301,151
Business or professional net income (less loss)	($239,955)
Net capital gain (less loss)	$72,840
Taxable individual retirement arrangements distributions	$2,290,076
Taxable pensions and annuities	$12,567,084
Unemployment compensation [3]	$371,283
Taxable Social Security benefits	$2,442,574
Self-employment retirement plans	$0
Total itemized deductions [4]	$32,716,926
State and local income taxes	$5,105,641
State and local general sales tax	$83,157
Real estate taxes	$2,588,718
Taxes paid	$8,259,722
Mortgage interest paid	$13,191,776
Contributions	$6,165,422
Taxable income	$78,313,208
Total tax credits [5]	$1,100,343
Residential energy tax credit	$12,842
Child tax credit	$677,245
Child and dependent care credit	$139,685
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$33,326
Income tax [8]	$11,053,458
Total tax liability [9]	$11,468,558
Tax due at time of filing [10]	$880,348
Overpayments refunded [11]	($4,423,084)

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

Number of returns [1]	1,237
Number of joint returns	942
Number of returns with paid preparer's signature	712
Number of exemptions	3,377
Number of dependents	687
Adjust gross income (AGI) [2]	$157,968,761
Salaries and wages	$133,482,891
Taxable interest	$825,519
Ordinary dividends	$312,529
Business or professional net income (less loss)	$371,335
Net capital gain (less loss)	$358,871
Taxable individual retirement arrangements distributions	$4,019,141
Taxable pensions and annuities	$16,205,775
Unemployment compensation [3]	$290,005
Taxable Social Security benefits	$2,003,810
Self-employment retirement plans	$0
Total itemized deductions [4]	$39,135,928
State and local income taxes	$7,155,487
State and local general sales tax	$91,814
Real estate taxes	$3,260,034
Taxes paid	$11,033,557
Mortgage interest paid	$16,216,628
Contributions	$7,684,699
Taxable income	$106,646,373
Total tax credits [5]	$666,130
Residential energy tax credit	$0
Child tax credit	$438,603
Child and dependent care credit	$152,708
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$137,633
Income tax [8]	$18,290,392
Total tax liability [9]	$18,883,293
Tax due at time of filing [10]	$1,602,892
Overpayments refunded [11]	($3,926,817)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	121
Number of joint returns	89
Number of returns with paid preparer's signature	79
Number of exemptions	310
Number of dependents	63
Adjust gross income (AGI) [2]	$36,957,521
Salaries and wages	$23,584,036
Taxable interest	$560,803
Ordinary dividends	$148,764
Business or professional net income (less loss)	$785,039
Net capital gain (less loss)	$1,193,941
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$2,838,889
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,902,816
State and local income taxes	$1,579,417
State and local general sales tax	$0
Real estate taxes	$443,559
Taxes paid	$2,083,482
Mortgage interest paid	$2,000,977
Contributions	$1,228,257
Taxable income	$29,034,049
Total tax credits [5]	$25,432
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$9,862
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$170,575
Income tax [8]	$6,943,992
Total tax liability [9]	$7,198,971
Tax due at time of filing [10]	$895,127
Overpayments refunded [11]	($1,063,186)

[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.