Home » Florida » MIAMI-DADE County » ZIP Code 33132 » Tax Stats

33132 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33132 [1]	4,064
Total Number of Joint Tax Returns for ZIP Code 33132	675
Total Number of Dependents for ZIP Code 33132	653
Total Adjusted Gross Income for ZIP Code 33132	246,054,447
Average Income per Person for ZIP Code 33132	$22,038

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]	894
Number of joint returns	77
Number of returns with paid preparer's signature	574
Number of exemptions	1,021
Number of dependents	89
Adjust gross income (AGI) [2]	$614,289
Salaries and wages	$3,914,240
Taxable interest	$510,994
Ordinary dividends	$194,113
Business or professional net income (less loss)	($636,721)
Net capital gain (less loss)	$137,467
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$155,831
Unemployment compensation [3]	$83,880
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,863,795
State and local income taxes	$32,380
State and local general sales tax	$19,025
Real estate taxes	$675,384
Taxes paid	$748,947
Mortgage interest paid	$1,603,289
Contributions	$5,252
Taxable income	$84,483
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$235,054
Excess earned income credit (refundable) [7]	$159,517
Alternative minimum tax	$0
Income tax [8]	$8,417
Total tax liability [9]	$251,240
Tax due at time of filing [10]	$126,579
Overpayments refunded [11]	($875,154)

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

Number of returns [1]	844
Number of joint returns	82
Number of returns with paid preparer's signature	549
Number of exemptions	1,139
Number of dependents	176
Adjust gross income (AGI) [2]	$14,533,479
Salaries and wages	$12,511,591
Taxable interest	$239,183
Ordinary dividends	$146,727
Business or professional net income (less loss)	$1,546,451
Net capital gain (less loss)	($19,688)
Taxable individual retirement arrangements distributions	$193,656
Taxable pensions and annuities	$254,012
Unemployment compensation [3]	$193,382
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,844,002
State and local income taxes	$0
State and local general sales tax	$46,920
Real estate taxes	$237,301
Taxes paid	$328,323
Mortgage interest paid	$618,825
Contributions	$107,854
Taxable income	$5,135,575
Total tax credits [5]	$146,115
Residential energy tax credit	$0
Child tax credit	$10,693
Child and dependent care credit	$0
Earned income credit [6]	$493,423
Excess earned income credit (refundable) [7]	$389,791
Alternative minimum tax	$0
Income tax [8]	$417,193
Total tax liability [9]	$711,227
Tax due at time of filing [10]	$194,444
Overpayments refunded [11]	($1,665,347)

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

Number of returns [1]	929
Number of joint returns	114
Number of returns with paid preparer's signature	561
Number of exemptions	1,236
Number of dependents	144
Adjust gross income (AGI) [2]	$34,072,486
Salaries and wages	$32,065,853
Taxable interest	$354,809
Ordinary dividends	$179,135
Business or professional net income (less loss)	$1,447,133
Net capital gain (less loss)	$67,547
Taxable individual retirement arrangements distributions	$127,623
Taxable pensions and annuities	$418,854
Unemployment compensation [3]	$130,814
Taxable Social Security benefits	$125,434
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,544,566
State and local income taxes	$35,766
State and local general sales tax	$195,763
Real estate taxes	$641,131
Taxes paid	$943,697
Mortgage interest paid	$2,048,265
Contributions	$348,340
Taxable income	$20,427,899
Total tax credits [5]	$319,890
Residential energy tax credit	$0
Child tax credit	$64,520
Child and dependent care credit	$15,810
Earned income credit [6]	$48,855
Excess earned income credit (refundable) [7]	$30,548
Alternative minimum tax	$0
Income tax [8]	$2,393,760
Total tax liability [9]	$2,667,073
Tax due at time of filing [10]	$269,731
Overpayments refunded [11]	($2,133,732)

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

Number of returns [1]	601
Number of joint returns	107
Number of returns with paid preparer's signature	371
Number of exemptions	805
Number of dependents	73
Adjust gross income (AGI) [2]	$36,741,905
Salaries and wages	$33,984,443
Taxable interest	$525,827
Ordinary dividends	$523,730
Business or professional net income (less loss)	$1,296,203
Net capital gain (less loss)	$122,169
Taxable individual retirement arrangements distributions	$238,603
Taxable pensions and annuities	$609,860
Unemployment compensation [3]	$67,690
Taxable Social Security benefits	$258,848
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,080,676
State and local income taxes	$98,976
State and local general sales tax	$241,832
Real estate taxes	$855,061
Taxes paid	$1,233,327
Mortgage interest paid	$2,386,186
Contributions	$449,668
Taxable income	$25,825,543
Total tax credits [5]	$123,399
Residential energy tax credit	$0
Child tax credit	$43,055
Child and dependent care credit	$7,643
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$14,441
Income tax [8]	$4,064,073
Total tax liability [9]	$4,349,390
Tax due at time of filing [10]	$367,630
Overpayments refunded [11]	($1,719,248)

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

Number of returns [1]	299
Number of joint returns	82
Number of returns with paid preparer's signature	188
Number of exemptions	446
Number of dependents	45
Adjust gross income (AGI) [2]	$25,650,142
Salaries and wages	$23,034,100
Taxable interest	$418,895
Ordinary dividends	$350,045
Business or professional net income (less loss)	$669,943
Net capital gain (less loss)	$96,387
Taxable individual retirement arrangements distributions	$331,580
Taxable pensions and annuities	$417,763
Unemployment compensation [3]	$42,355
Taxable Social Security benefits	$373,253
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,190,661
State and local income taxes	$79,075
State and local general sales tax	$138,076
Real estate taxes	$609,854
Taxes paid	$929,892
Mortgage interest paid	$1,738,909
Contributions	$272,307
Taxable income	$19,055,765
Total tax credits [5]	$81,447
Residential energy tax credit	$0
Child tax credit	$38,500
Child and dependent care credit	$12,030
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,366,033
Total tax liability [9]	$3,508,181
Tax due at time of filing [10]	$256,186
Overpayments refunded [11]	($872,364)

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

Number of returns [1]	346
Number of joint returns	130
Number of returns with paid preparer's signature	239
Number of exemptions	583
Number of dependents	75
Adjust gross income (AGI) [2]	$47,834,768
Salaries and wages	$38,915,372
Taxable interest	$1,249,715
Ordinary dividends	$879,532
Business or professional net income (less loss)	$1,404,241
Net capital gain (less loss)	$688,690
Taxable individual retirement arrangements distributions	$312,121
Taxable pensions and annuities	$655,424
Unemployment compensation [3]	$0
Taxable Social Security benefits	$401,740
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,726,931
State and local income taxes	$252,762
State and local general sales tax	$256,328
Real estate taxes	$1,277,925
Taxes paid	$1,811,247
Mortgage interest paid	$3,189,538
Contributions	$511,196
Taxable income	$38,032,678
Total tax credits [5]	$107,636
Residential energy tax credit	$0
Child tax credit	$11,750
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$57,102
Income tax [8]	$7,814,382
Total tax liability [9]	$8,047,465
Tax due at time of filing [10]	$962,423
Overpayments refunded [11]	($1,431,085)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	151
Number of joint returns	83
Number of returns with paid preparer's signature	128
Number of exemptions	317
Number of dependents	51
Adjust gross income (AGI) [2]	$86,607,378
Salaries and wages	$32,931,596
Taxable interest	$2,579,688
Ordinary dividends	$3,212,594
Business or professional net income (less loss)	$3,040,951
Net capital gain (less loss)	$16,803,625
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$1,286,666
Unemployment compensation [3]	$0
Taxable Social Security benefits	$370,845
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,205,283
State and local income taxes	$483,599
State and local general sales tax	$259,171
Real estate taxes	$1,471,049
Taxes paid	$2,248,488
Mortgage interest paid	$2,807,924
Contributions	$628,289
Taxable income	$78,364,264
Total tax credits [5]	$369,807
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	$293,179
Income tax [8]	$17,995,429
Total tax liability [9]	$18,296,360
Tax due at time of filing [10]	$2,296,591
Overpayments refunded [11]	($1,385,060)

[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.