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Home » Georgia » SUMTER County » ZIP Code 31709 » Tax Stats

31709 Income Tax Overview

Total Number of Tax Returns for ZIP Code 31709 [1]	7,010
Total Number of Joint Tax Returns for ZIP Code 31709	1,984
Total Number of Dependents for ZIP Code 31709	3,509
Total Adjusted Gross Income for ZIP Code 31709	266,461,909
Average Income per Person for ZIP Code 31709	$16,634

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]	1,498
Number of joint returns	139
Number of returns with paid preparer's signature	966
Number of exemptions	2,195
Number of dependents	556
Adjust gross income (AGI) [2]	$5,977,516
Salaries and wages	$7,889,483
Taxable interest	$696,273
Ordinary dividends	$496,253
Business or professional net income (less loss)	$189,446
Net capital gain (less loss)	$595,985
Taxable individual retirement arrangements distributions	$178,686
Taxable pensions and annuities	$453,719
Unemployment compensation [3]	$178,476
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,312,667
State and local income taxes	$97,742
State and local general sales tax	$5,250
Real estate taxes	$120,604
Taxes paid	$226,767
Mortgage interest paid	$450,944
Contributions	$43,423
Taxable income	$214,788
Total tax credits [5]	$384
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,222,578
Excess earned income credit (refundable) [7]	$1,156,532
Alternative minimum tax	$0
Income tax [8]	$19,643
Total tax liability [9]	$185,040
Tax due at time of filing [10]	$73,370
Overpayments refunded [11]	($2,233,441)

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

Number of returns [1]	2,236
Number of joint returns	302
Number of returns with paid preparer's signature	1,569
Number of exemptions	5,090
Number of dependents	1,411
Adjust gross income (AGI) [2]	$38,262,452
Salaries and wages	$33,341,839
Taxable interest	$868,340
Ordinary dividends	$291,119
Business or professional net income (less loss)	$511,332
Net capital gain (less loss)	($19,416)
Taxable individual retirement arrangements distributions	$635,736
Taxable pensions and annuities	$2,095,802
Unemployment compensation [3]	$734,605
Taxable Social Security benefits	$121,647
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,204,323
State and local income taxes	$121,216
State and local general sales tax	$42,346
Real estate taxes	$175,207
Taxes paid	$384,760
Mortgage interest paid	$439,484
Contributions	$414,476
Taxable income	$7,426,905
Total tax credits [5]	$207,005
Residential energy tax credit	$0
Child tax credit	$124,975
Child and dependent care credit	$33,817
Earned income credit [6]	$3,932,419
Excess earned income credit (refundable) [7]	$3,761,741
Alternative minimum tax	$0
Income tax [8]	$584,643
Total tax liability [9]	$824,179
Tax due at time of filing [10]	$131,387
Overpayments refunded [11]	($6,818,820)

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

Number of returns [1]	1,743
Number of joint returns	426
Number of returns with paid preparer's signature	1,139
Number of exemptions	3,857
Number of dependents	866
Adjust gross income (AGI) [2]	$60,923,728
Salaries and wages	$52,025,584
Taxable interest	$1,018,907
Ordinary dividends	$605,973
Business or professional net income (less loss)	($22,504)
Net capital gain (less loss)	$192,358
Taxable individual retirement arrangements distributions	$891,081
Taxable pensions and annuities	$4,880,091
Unemployment compensation [3]	$289,030
Taxable Social Security benefits	$1,424,204
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,694,148
State and local income taxes	$789,667
State and local general sales tax	$86,347
Real estate taxes	$526,657
Taxes paid	$1,585,409
Mortgage interest paid	$1,841,488
Contributions	$1,476,450
Taxable income	$30,433,843
Total tax credits [5]	$788,952
Residential energy tax credit	$5,324
Child tax credit	$524,877
Child and dependent care credit	$99,436
Earned income credit [6]	$617,513
Excess earned income credit (refundable) [7]	$543,784
Alternative minimum tax	$0
Income tax [8]	$2,959,380
Total tax liability [9]	$3,123,972
Tax due at time of filing [10]	$272,649
Overpayments refunded [11]	($4,062,517)

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

Number of returns [1]	695
Number of joint returns	392
Number of returns with paid preparer's signature	485
Number of exemptions	1,594
Number of dependents	297
Adjust gross income (AGI) [2]	$42,434,979
Salaries and wages	$32,523,478
Taxable interest	$1,062,345
Ordinary dividends	$662,829
Business or professional net income (less loss)	$502,410
Net capital gain (less loss)	$380,770
Taxable individual retirement arrangements distributions	$1,008,585
Taxable pensions and annuities	$4,475,705
Unemployment compensation [3]	$120,456
Taxable Social Security benefits	$2,022,211
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,468,042
State and local income taxes	$1,114,968
State and local general sales tax	$121,270
Real estate taxes	$662,240
Taxes paid	$2,038,790
Mortgage interest paid	$2,016,612
Contributions	$1,503,517
Taxable income	$26,751,848
Total tax credits [5]	$418,755
Residential energy tax credit	$0
Child tax credit	$296,599
Child and dependent care credit	$38,213
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,349,837
Total tax liability [9]	$3,571,984
Tax due at time of filing [10]	$432,778
Overpayments refunded [11]	($1,511,541)

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

Number of returns [1]	378
Number of joint returns	314
Number of returns with paid preparer's signature	254
Number of exemptions	988
Number of dependents	166
Adjust gross income (AGI) [2]	$32,683,385
Salaries and wages	$23,482,560
Taxable interest	$816,549
Ordinary dividends	$880,581
Business or professional net income (less loss)	$808,127
Net capital gain (less loss)	$599,231
Taxable individual retirement arrangements distributions	$675,884
Taxable pensions and annuities	$3,594,944
Unemployment compensation [3]	$33,874
Taxable Social Security benefits	$1,588,790
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,899,412
State and local income taxes	$1,052,070
State and local general sales tax	$52,178
Real estate taxes	$574,444
Taxes paid	$1,785,994
Mortgage interest paid	$1,674,365
Contributions	$1,260,935
Taxable income	$22,143,109
Total tax credits [5]	$258,565
Residential energy tax credit	$0
Child tax credit	$181,831
Child and dependent care credit	$27,887
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,874,660
Total tax liability [9]	$3,066,227
Tax due at time of filing [10]	$337,142
Overpayments refunded [11]	($792,430)

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

Number of returns [1]	363
Number of joint returns	327
Number of returns with paid preparer's signature	253
Number of exemptions	1,000
Number of dependents	172
Adjust gross income (AGI) [2]	$46,992,129
Salaries and wages	$31,798,612
Taxable interest	$1,312,506
Ordinary dividends	$1,298,418
Business or professional net income (less loss)	$1,411,066
Net capital gain (less loss)	$1,195,583
Taxable individual retirement arrangements distributions	$969,794
Taxable pensions and annuities	$5,825,270
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,712,608
Self-employment retirement plans	$269,884
Total itemized deductions [4]	$8,235,117
State and local income taxes	$2,024,765
State and local general sales tax	$55,707
Real estate taxes	$816,630
Taxes paid	$3,039,003
Mortgage interest paid	$2,447,073
Contributions	$1,778,362
Taxable income	$34,649,038
Total tax credits [5]	$154,707
Residential energy tax credit	$0
Child tax credit	$93,538
Child and dependent care credit	$18,840
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$43,296
Income tax [8]	$5,851,482
Total tax liability [9]	$6,154,863
Tax due at time of filing [10]	$702,536
Overpayments refunded [11]	($1,128,548)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	97
Number of joint returns	84
Number of returns with paid preparer's signature	85
Number of exemptions	255
Number of dependents	41
Adjust gross income (AGI) [2]	$39,187,720
Salaries and wages	$11,998,387
Taxable interest	$2,501,980
Ordinary dividends	$4,256,725
Business or professional net income (less loss)	$3,100,362
Net capital gain (less loss)	$2,555,495
Taxable individual retirement arrangements distributions	$732,987
Taxable pensions and annuities	$2,062,980
Unemployment compensation [3]	$0
Taxable Social Security benefits	$689,089
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,548,324
State and local income taxes	$1,913,199
State and local general sales tax	$0
Real estate taxes	$643,764
Taxes paid	$2,608,140
Mortgage interest paid	$933,677
Contributions	$1,511,173
Taxable income	$31,820,818
Total tax credits [5]	$24,919
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	$364,777
Income tax [8]	$7,359,405
Total tax liability [9]	$7,709,743
Tax due at time of filing [10]	$1,249,375
Overpayments refunded [11]	($287,067)

[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.