Home » Florida » MIAMI-DADE County » ZIP Code 33161 » Tax Stats

33161 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33161 [1]	24,406
Total Number of Joint Tax Returns for ZIP Code 33161	4,318
Total Number of Dependents for ZIP Code 33161	11,437
Total Adjusted Gross Income for ZIP Code 33161	685,206,479
Average Income per Person for ZIP Code 33161	$12,758

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]	5,121
Number of joint returns	359
Number of returns with paid preparer's signature	3,468
Number of exemptions	6,112
Number of dependents	1,309
Adjust gross income (AGI) [2]	$25,504,058
Salaries and wages	$20,401,331
Taxable interest	$682,341
Ordinary dividends	$214,797
Business or professional net income (less loss)	$8,224,413
Net capital gain (less loss)	($130,267)
Taxable individual retirement arrangements distributions	$162,756
Taxable pensions and annuities	$537,958
Unemployment compensation [3]	$554,564
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,332,377
State and local income taxes	$11,025
State and local general sales tax	$63,665
Real estate taxes	$525,855
Taxes paid	$622,231
Mortgage interest paid	$1,799,487
Contributions	$78,913
Taxable income	$840,092
Total tax credits [5]	$2,767
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$3,704,399
Excess earned income credit (refundable) [7]	$2,696,644
Alternative minimum tax	$0
Income tax [8]	$81,439
Total tax liability [9]	$1,474,506
Tax due at time of filing [10]	$227,843
Overpayments refunded [11]	($6,724,290)

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

Number of returns [1]	9,975
Number of joint returns	1,076
Number of returns with paid preparer's signature	7,519
Number of exemptions	19,227
Number of dependents	5,583
Adjust gross income (AGI) [2]	$168,543,241
Salaries and wages	$147,162,247
Taxable interest	$905,100
Ordinary dividends	$285,779
Business or professional net income (less loss)	$17,166,749
Net capital gain (less loss)	($65,572)
Taxable individual retirement arrangements distributions	$550,434
Taxable pensions and annuities	$2,186,040
Unemployment compensation [3]	$2,432,578
Taxable Social Security benefits	$144,737
Self-employment retirement plans	$0
Total itemized deductions [4]	$18,083,421
State and local income taxes	$69,007
State and local general sales tax	$446,842
Real estate taxes	$1,535,831
Taxes paid	$2,372,545
Mortgage interest paid	$5,765,771
Contributions	$1,419,988
Taxable income	$37,462,468
Total tax credits [5]	$1,923,233
Residential energy tax credit	$0
Child tax credit	$371,131
Child and dependent care credit	$131,879
Earned income credit [6]	$17,842,373
Excess earned income credit (refundable) [7]	$15,434,809
Alternative minimum tax	$0
Income tax [8]	$2,087,107
Total tax liability [9]	$4,874,011
Tax due at time of filing [10]	$370,817
Overpayments refunded [11]	($34,409,950)

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

Number of returns [1]	6,171
Number of joint returns	1,344
Number of returns with paid preparer's signature	4,360
Number of exemptions	12,314
Number of dependents	2,979
Adjust gross income (AGI) [2]	$213,851,524
Salaries and wages	$203,776,286
Taxable interest	$1,374,221
Ordinary dividends	$655,883
Business or professional net income (less loss)	$2,055,232
Net capital gain (less loss)	($77,416)
Taxable individual retirement arrangements distributions	$737,072
Taxable pensions and annuities	$4,407,048
Unemployment compensation [3]	$963,385
Taxable Social Security benefits	$1,355,386
Self-employment retirement plans	$52,886
Total itemized deductions [4]	$44,656,766
State and local income taxes	$102,002
State and local general sales tax	$1,479,324
Real estate taxes	$3,883,553
Taxes paid	$6,315,024
Mortgage interest paid	$14,930,280
Contributions	$4,887,782
Taxable income	$100,777,766
Total tax credits [5]	$4,064,151
Residential energy tax credit	$30,938
Child tax credit	$1,304,649
Child and dependent care credit	$340,824
Earned income credit [6]	$2,285,997
Excess earned income credit (refundable) [7]	$2,026,294
Alternative minimum tax	$0
Income tax [8]	$8,457,954
Total tax liability [9]	$9,098,285
Tax due at time of filing [10]	$497,466
Overpayments refunded [11]	($20,295,263)

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

Number of returns [1]	1,752
Number of joint returns	685
Number of returns with paid preparer's signature	1,199
Number of exemptions	3,932
Number of dependents	858
Adjust gross income (AGI) [2]	$105,503,075
Salaries and wages	$96,573,616
Taxable interest	$1,247,911
Ordinary dividends	$620,225
Business or professional net income (less loss)	$1,349,347
Net capital gain (less loss)	$118,316
Taxable individual retirement arrangements distributions	$897,757
Taxable pensions and annuities	$3,557,066
Unemployment compensation [3]	$248,287
Taxable Social Security benefits	$1,852,628
Self-employment retirement plans	$0
Total itemized deductions [4]	$23,910,211
State and local income taxes	$118,198
State and local general sales tax	$842,643
Real estate taxes	$2,361,161
Taxes paid	$4,388,232
Mortgage interest paid	$8,883,398
Contributions	$2,857,928
Taxable income	$62,825,845
Total tax credits [5]	$1,279,123
Residential energy tax credit	$8,488
Child tax credit	$774,243
Child and dependent care credit	$116,750
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$10,650
Income tax [8]	$7,886,301
Total tax liability [9]	$8,242,816
Tax due at time of filing [10]	$411,778
Overpayments refunded [11]	($6,260,355)

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

Number of returns [1]	683
Number of joint returns	366
Number of returns with paid preparer's signature	463
Number of exemptions	1,650
Number of dependents	332
Adjust gross income (AGI) [2]	$58,119,251
Salaries and wages	$51,345,154
Taxable interest	$720,166
Ordinary dividends	$662,747
Business or professional net income (less loss)	$705,141
Net capital gain (less loss)	$264,262
Taxable individual retirement arrangements distributions	$662,755
Taxable pensions and annuities	$2,492,966
Unemployment compensation [3]	$124,365
Taxable Social Security benefits	$1,084,234
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,827,528
State and local income taxes	$93,240
State and local general sales tax	$487,732
Real estate taxes	$1,294,372
Taxes paid	$2,012,264
Mortgage interest paid	$4,916,779
Contributions	$1,637,013
Taxable income	$38,811,952
Total tax credits [5]	$558,826
Residential energy tax credit	$12,211
Child tax credit	$314,880
Child and dependent care credit	$55,154
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$38,022
Income tax [8]	$5,624,159
Total tax liability [9]	$5,808,203
Tax due at time of filing [10]	$380,286
Overpayments refunded [11]	($2,618,469)

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

Number of returns [1]	623
Number of joint returns	425
Number of returns with paid preparer's signature	448
Number of exemptions	1,665
Number of dependents	336
Adjust gross income (AGI) [2]	$81,452,914
Salaries and wages	$68,268,380
Taxable interest	$1,708,786
Ordinary dividends	$1,260,819
Business or professional net income (less loss)	$1,867,269
Net capital gain (less loss)	$641,309
Taxable individual retirement arrangements distributions	$754,342
Taxable pensions and annuities	$2,977,381
Unemployment compensation [3]	$51,046
Taxable Social Security benefits	$1,284,291
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,425,132
State and local income taxes	$70,218
State and local general sales tax	$668,566
Real estate taxes	$2,157,787
Taxes paid	$2,909,889
Mortgage interest paid	$6,481,033
Contributions	$1,994,632
Taxable income	$59,634,761
Total tax credits [5]	$313,030
Residential energy tax credit	$0
Child tax credit	$164,118
Child and dependent care credit	$58,533
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$55,677
Income tax [8]	$10,782,962
Total tax liability [9]	$11,117,897
Tax due at time of filing [10]	$885,867
Overpayments refunded [11]	($2,376,428)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	81
Number of joint returns	63
Number of returns with paid preparer's signature	66
Number of exemptions	221
Number of dependents	40
Adjust gross income (AGI) [2]	$32,232,416
Salaries and wages	$15,376,645
Taxable interest	$2,363,872
Ordinary dividends	$462,804
Business or professional net income (less loss)	$1,546,204
Net capital gain (less loss)	$1,784,106
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$739,707
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,289,740
State and local income taxes	$0
State and local general sales tax	$233,876
Real estate taxes	$570,085
Taxes paid	$895,239
Mortgage interest paid	$1,279,547
Contributions	$350,296
Taxable income	$27,130,124
Total tax credits [5]	$33,274
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$8,988
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$70,050
Income tax [8]	$6,967,388
Total tax liability [9]	$7,154,789
Tax due at time of filing [10]	$810,722
Overpayments refunded [11]	($349,371)

[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.