APOPKA, FL 32703

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ZIP Code 32703 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2008



32703 Income Tax Overview

Total Number of Tax Returns for ZIP Code 32703 [1] 19,800
Total Number of Joint Tax Returns for ZIP Code 32703 6,300
Total Number of Dependents for ZIP Code 32703 8,910
Total Adjusted Gross Income for ZIP Code 32703 772,603,616
Average Income per Person for ZIP Code 32703 $16,720

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] 3,643
Number of joint returns 375
Number of returns with paid preparer's signature 1,758
Number of exemptions 4,605
Number of dependents 933
Adjust gross income (AGI) [2] $14,449,988
Salaries and wages $17,702,955
Taxable interest $940,237
Ordinary dividends $337,030
Business or professional net income (less loss) $1,147,084
Net capital gain (less loss) ($99,024)
Taxable individual retirement arrangements distributions $363,520
Taxable pensions and annuities $1,121,996
Unemployment compensation [3] $516,768
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $4,823,251
State and local income taxes $6,732
State and local general sales tax $56,246
Real estate taxes $572,459
Taxes paid $654,183
Mortgage interest paid $2,831,485
Contributions $110,208
Taxable income $661,638
Total tax credits [5] $1,681
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $1,978,736
Excess earned income credit (refundable) [7] $1,715,090
Alternative minimum tax $0
Income tax [8] $64,356
Total tax liability [9] $490,629
Tax due at time of filing [10] $94,497
Overpayments refunded [11] ($3,915,991)

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

Number of returns [1] 5,812
Number of joint returns 919
Number of returns with paid preparer's signature 3,262
Number of exemptions 11,918
Number of dependents 2,958
Adjust gross income (AGI) [2] $100,505,321
Salaries and wages $86,261,043
Taxable interest $1,207,815
Ordinary dividends $497,044
Business or professional net income (less loss) $5,629,020
Net capital gain (less loss) $10,283
Taxable individual retirement arrangements distributions $1,219,617
Taxable pensions and annuities $4,842,800
Unemployment compensation [3] $1,817,316
Taxable Social Security benefits $266,245
Self-employment retirement plans $0
Total itemized deductions [4] $9,452,726
State and local income taxes $33,274
State and local general sales tax $207,705
Real estate taxes $997,902
Taxes paid $1,811,188
Mortgage interest paid $4,759,948
Contributions $734,360
Taxable income $23,786,134
Total tax credits [5] $571,099
Residential energy tax credit $0
Child tax credit $268,877
Child and dependent care credit $63,640
Earned income credit [6] $8,078,593
Excess earned income credit (refundable) [7] $7,216,422
Alternative minimum tax $0
Income tax [8] $1,988,522
Total tax liability [9] $3,081,671
Tax due at time of filing [10] $220,089
Overpayments refunded [11] ($15,630,076)

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

Number of returns [1] 5,550
Number of joint returns 1,609
Number of returns with paid preparer's signature 2,828
Number of exemptions 12,149
Number of dependents 2,617
Adjust gross income (AGI) [2] $196,409,806
Salaries and wages $177,626,280
Taxable interest $1,706,155
Ordinary dividends $785,977
Business or professional net income (less loss) $2,571,530
Net capital gain (less loss) $974,461
Taxable individual retirement arrangements distributions $2,367,154
Taxable pensions and annuities $8,529,198
Unemployment compensation [3] $1,223,230
Taxable Social Security benefits $2,586,751
Self-employment retirement plans $0
Total itemized deductions [4] $26,676,618
State and local income taxes $111,701
State and local general sales tax $892,948
Real estate taxes $2,719,116
Taxes paid $3,876,810
Mortgage interest paid $13,793,323
Contributions $2,969,483
Taxable income $97,760,354
Total tax credits [5] $2,546,849
Residential energy tax credit $13,349
Child tax credit $1,733,026
Child and dependent care credit $245,944
Earned income credit [6] $1,625,171
Excess earned income credit (refundable) [7] $1,377,755
Alternative minimum tax $0
Income tax [8] $9,619,064
Total tax liability [9] $10,331,300
Tax due at time of filing [10] $595,613
Overpayments refunded [11] ($14,094,208)

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

Number of returns [1] 2,360
Number of joint returns 1,358
Number of returns with paid preparer's signature 1,153
Number of exemptions 5,699
Number of dependents 1,108
Adjust gross income (AGI) [2] $143,695,575
Salaries and wages $125,693,909
Taxable interest $1,455,389
Ordinary dividends $823,863
Business or professional net income (less loss) $2,159,072
Net capital gain (less loss) $467,036
Taxable individual retirement arrangements distributions $1,915,859
Taxable pensions and annuities $7,038,114
Unemployment compensation [3] $569,471
Taxable Social Security benefits $3,528,418
Self-employment retirement plans $0
Total itemized deductions [4] $23,276,518
State and local income taxes $175,783
State and local general sales tax $929,228
Real estate taxes $2,421,774
Taxes paid $3,651,980
Mortgage interest paid $12,864,506
Contributions $2,669,727
Taxable income $90,078,389
Total tax credits [5] $1,649,521
Residential energy tax credit $0
Child tax credit $1,260,539
Child and dependent care credit $127,848
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $29,013
Income tax [8] $11,175,744
Total tax liability [9] $11,772,930
Tax due at time of filing [10] $682,166
Overpayments refunded [11] ($6,300,948)

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

Number of returns [1] 1,207
Number of joint returns 961
Number of returns with paid preparer's signature 568
Number of exemptions 3,252
Number of dependents 623
Adjust gross income (AGI) [2] $103,841,923
Salaries and wages $89,927,594
Taxable interest $1,353,685
Ordinary dividends $725,735
Business or professional net income (less loss) $991,427
Net capital gain (less loss) $306,893
Taxable individual retirement arrangements distributions $1,922,111
Taxable pensions and annuities $5,088,505
Unemployment compensation [3] $240,117
Taxable Social Security benefits $2,574,271
Self-employment retirement plans $0
Total itemized deductions [4] $16,582,954
State and local income taxes $157,188
State and local general sales tax $787,794
Real estate taxes $1,686,200
Taxes paid $2,712,564
Mortgage interest paid $8,856,542
Contributions $2,363,396
Taxable income $71,101,587
Total tax credits [5] $1,044,432
Residential energy tax credit $11,509
Child tax credit $737,119
Child and dependent care credit $99,461
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $9,531,354
Total tax liability [9] $9,824,906
Tax due at time of filing [10] $517,841
Overpayments refunded [11] ($3,599,052)

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

Number of returns [1] 1,031
Number of joint returns 912
Number of returns with paid preparer's signature 542
Number of exemptions 2,932
Number of dependents 561
Adjust gross income (AGI) [2] $134,815,945
Salaries and wages $111,547,906
Taxable interest $1,948,777
Ordinary dividends $1,426,881
Business or professional net income (less loss) $1,640,480
Net capital gain (less loss) $1,301,491
Taxable individual retirement arrangements distributions $4,269,879
Taxable pensions and annuities $7,205,188
Unemployment compensation [3] $210,010
Taxable Social Security benefits $1,886,824
Self-employment retirement plans $266,717
Total itemized deductions [4] $20,173,328
State and local income taxes $240,185
State and local general sales tax $1,117,221
Real estate taxes $2,478,130
Taxes paid $3,944,831
Mortgage interest paid $10,821,886
Contributions $3,389,127
Taxable income $101,402,905
Total tax credits [5] $498,008
Residential energy tax credit $0
Child tax credit $351,997
Child and dependent care credit $78,408
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $82,304
Income tax [8] $17,789,048
Total tax liability [9] $18,313,313
Tax due at time of filing [10] $1,500,888
Overpayments refunded [11] ($3,019,653)

Adjusted Gross Income: $200,000 or more

Number of returns [1] 197
Number of joint returns 166
Number of returns with paid preparer's signature 154
Number of exemptions 581
Number of dependents 110
Adjust gross income (AGI) [2] $78,885,058
Salaries and wages $42,162,943
Taxable interest $2,264,704
Ordinary dividends $3,033,862
Business or professional net income (less loss) $1,982,691
Net capital gain (less loss) $7,085,475
Taxable individual retirement arrangements distributions $925,300
Taxable pensions and annuities $2,220,318
Unemployment compensation [3] $0
Taxable Social Security benefits $656,038
Self-employment retirement plans $0
Total itemized deductions [4] $7,416,177
State and local income taxes $85,323
State and local general sales tax $437,917
Real estate taxes $1,114,519
Taxes paid $1,823,788
Mortgage interest paid $3,073,423
Contributions $2,007,575
Taxable income $69,476,456
Total tax credits [5] $85,292
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $10,689
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $214,045
Income tax [8] $18,191,739
Total tax liability [9] $18,495,976
Tax due at time of filing [10] $2,117,947
Overpayments refunded [11] ($1,279,831)

[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.