Home » Florida » MIAMI-DADE County » MIAMI, FL » ZIP Code 33157 » Tax Stats

33157 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33157 [1]	28,421
Total Number of Joint Tax Returns for ZIP Code 33157	8,981
Total Number of Dependents for ZIP Code 33157	12,539
Total Adjusted Gross Income for ZIP Code 33157	1,473,979,650
Average Income per Person for ZIP Code 33157	$23,313

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]	6,211
Number of joint returns	597
Number of returns with paid preparer's signature	3,927
Number of exemptions	6,791
Number of dependents	1,219
Adjust gross income (AGI) [2]	$24,824,863
Salaries and wages	$26,241,978
Taxable interest	$1,118,968
Ordinary dividends	$744,975
Business or professional net income (less loss)	$6,227,947
Net capital gain (less loss)	$388,525
Taxable individual retirement arrangements distributions	$771,316
Taxable pensions and annuities	$1,264,469
Unemployment compensation [3]	$521,018
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,537,880
State and local income taxes	$7,692
State and local general sales tax	$92,479
Real estate taxes	$1,547,630
Taxes paid	$1,682,184
Mortgage interest paid	$4,570,228
Contributions	$139,008
Taxable income	$1,189,762
Total tax credits [5]	$4,173
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$3,175,203
Excess earned income credit (refundable) [7]	$2,375,404
Alternative minimum tax	$0
Income tax [8]	$122,725
Total tax liability [9]	$1,499,213
Tax due at time of filing [10]	$405,447
Overpayments refunded [11]	($5,959,384)

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

Number of returns [1]	7,561
Number of joint returns	1,169
Number of returns with paid preparer's signature	5,254
Number of exemptions	14,485
Number of dependents	3,708
Adjust gross income (AGI) [2]	$126,235,909
Salaries and wages	$101,158,486
Taxable interest	$1,807,764
Ordinary dividends	$839,079
Business or professional net income (less loss)	$16,032,984
Net capital gain (less loss)	($88,251)
Taxable individual retirement arrangements distributions	$1,460,573
Taxable pensions and annuities	$5,344,255
Unemployment compensation [3]	$2,084,025
Taxable Social Security benefits	$274,938
Self-employment retirement plans	$51,038
Total itemized deductions [4]	$17,290,124
State and local income taxes	$31,138
State and local general sales tax	$565,787
Real estate taxes	$2,338,138
Taxes paid	$3,099,406
Mortgage interest paid	$7,879,156
Contributions	$983,335
Taxable income	$28,761,931
Total tax credits [5]	$913,213
Residential energy tax credit	$0
Child tax credit	$232,951
Child and dependent care credit	$87,108
Earned income credit [6]	$12,095,054
Excess earned income credit (refundable) [7]	$9,939,621
Alternative minimum tax	$0
Income tax [8]	$2,190,053
Total tax liability [9]	$5,010,842
Tax due at time of filing [10]	$545,557
Overpayments refunded [11]	($20,892,555)

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

Number of returns [1]	6,180
Number of joint returns	1,558
Number of returns with paid preparer's signature	4,082
Number of exemptions	12,521
Number of dependents	2,841
Adjust gross income (AGI) [2]	$221,307,834
Salaries and wages	$200,351,194
Taxable interest	$3,006,492
Ordinary dividends	$1,433,749
Business or professional net income (less loss)	$3,180,341
Net capital gain (less loss)	$216,010
Taxable individual retirement arrangements distributions	$2,173,788
Taxable pensions and annuities	$10,368,775
Unemployment compensation [3]	$1,096,203
Taxable Social Security benefits	$3,066,215
Self-employment retirement plans	$0
Total itemized deductions [4]	$48,514,027
State and local income taxes	$182,710
State and local general sales tax	$1,936,094
Real estate taxes	$5,546,502
Taxes paid	$8,028,197
Mortgage interest paid	$19,688,033
Contributions	$4,350,066
Taxable income	$104,602,069
Total tax credits [5]	$3,112,953
Residential energy tax credit	$19,724
Child tax credit	$1,481,529
Child and dependent care credit	$385,185
Earned income credit [6]	$1,795,532
Excess earned income credit (refundable) [7]	$1,507,323
Alternative minimum tax	$0
Income tax [8]	$10,039,535
Total tax liability [9]	$11,132,195
Tax due at time of filing [10]	$899,232
Overpayments refunded [11]	($17,653,721)

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

Number of returns [1]	2,976
Number of joint returns	1,359
Number of returns with paid preparer's signature	1,937
Number of exemptions	6,946
Number of dependents	1,492
Adjust gross income (AGI) [2]	$182,238,866
Salaries and wages	$152,324,477
Taxable interest	$3,860,207
Ordinary dividends	$2,800,827
Business or professional net income (less loss)	$3,477,427
Net capital gain (less loss)	$43,462
Taxable individual retirement arrangements distributions	$2,894,947
Taxable pensions and annuities	$11,888,512
Unemployment compensation [3]	$424,306
Taxable Social Security benefits	$6,013,915
Self-employment retirement plans	$146,680
Total itemized deductions [4]	$42,590,636
State and local income taxes	$173,601
State and local general sales tax	$2,094,745
Real estate taxes	$5,931,625
Taxes paid	$8,603,219
Mortgage interest paid	$18,838,847
Contributions	$4,610,512
Taxable income	$106,274,517
Total tax credits [5]	$1,927,271
Residential energy tax credit	$7,807
Child tax credit	$1,340,588
Child and dependent care credit	$170,639
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$17,204
Income tax [8]	$13,282,393
Total tax liability [9]	$14,229,794
Tax due at time of filing [10]	$933,181
Overpayments refunded [11]	($9,884,040)

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

Number of returns [1]	1,822
Number of joint returns	1,178
Number of returns with paid preparer's signature	1,142
Number of exemptions	4,881
Number of dependents	1,010
Adjust gross income (AGI) [2]	$158,098,151
Salaries and wages	$127,240,358
Taxable interest	$2,874,953
Ordinary dividends	$2,035,069
Business or professional net income (less loss)	$3,214,435
Net capital gain (less loss)	$562,177
Taxable individual retirement arrangements distributions	$3,331,769
Taxable pensions and annuities	$12,081,143
Unemployment compensation [3]	$331,074
Taxable Social Security benefits	$5,188,378
Self-employment retirement plans	$0
Total itemized deductions [4]	$32,978,989
State and local income taxes	$113,251
State and local general sales tax	$1,565,812
Real estate taxes	$5,045,400
Taxes paid	$6,842,617
Mortgage interest paid	$15,357,978
Contributions	$4,052,202
Taxable income	$103,065,513
Total tax credits [5]	$1,581,860
Residential energy tax credit	$14,451
Child tax credit	$1,066,236
Child and dependent care credit	$133,271
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$42,910
Income tax [8]	$14,233,734
Total tax liability [9]	$15,003,033
Tax due at time of filing [10]	$1,023,312
Overpayments refunded [11]	($6,941,988)

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

Number of returns [1]	2,692
Number of joint returns	2,243
Number of returns with paid preparer's signature	1,754
Number of exemptions	8,050
Number of dependents	1,614
Adjust gross income (AGI) [2]	$366,220,982
Salaries and wages	$290,432,564
Taxable interest	$7,154,378
Ordinary dividends	$5,730,367
Business or professional net income (less loss)	$6,654,228
Net capital gain (less loss)	$3,482,347
Taxable individual retirement arrangements distributions	$7,894,976
Taxable pensions and annuities	$24,673,233
Unemployment compensation [3]	$202,666
Taxable Social Security benefits	$8,572,245
Self-employment retirement plans	$312,014
Total itemized deductions [4]	$64,130,789
State and local income taxes	$494,960
State and local general sales tax	$3,369,848
Real estate taxes	$11,053,890
Taxes paid	$15,167,100
Mortgage interest paid	$32,102,605
Contributions	$7,604,453
Taxable income	$266,005,113
Total tax credits [5]	$1,499,486
Residential energy tax credit	$26,341
Child tax credit	$840,685
Child and dependent care credit	$244,408
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$283,300
Income tax [8]	$47,061,538
Total tax liability [9]	$48,408,156
Tax due at time of filing [10]	$3,654,300
Overpayments refunded [11]	($10,729,042)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	979
Number of joint returns	877
Number of returns with paid preparer's signature	737
Number of exemptions	3,192
Number of dependents	655
Adjust gross income (AGI) [2]	$395,053,045
Salaries and wages	$243,952,650
Taxable interest	$20,670,907
Ordinary dividends	$11,342,245
Business or professional net income (less loss)	$16,445,271
Net capital gain (less loss)	$21,405,150
Taxable individual retirement arrangements distributions	$6,672,566
Taxable pensions and annuities	$9,180,377
Unemployment compensation [3]	$63,409
Taxable Social Security benefits	$2,331,791
Self-employment retirement plans	$856,584
Total itemized deductions [4]	$47,884,095
State and local income taxes	$745,554
State and local general sales tax	$2,145,946
Real estate taxes	$8,345,435
Taxes paid	$11,783,851
Mortgage interest paid	$18,957,837
Contributions	$6,215,450
Taxable income	$338,275,579
Total tax credits [5]	$4,168,973
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$59,820
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,804,299
Income tax [8]	$86,702,528
Total tax liability [9]	$88,485,831
Tax due at time of filing [10]	$11,386,707
Overpayments refunded [11]	($8,365,477)

[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.