Home » Florida » PINELLAS County » ZIP Code 33709 » Tax Stats

33709 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33709 [1]	11,932
Total Number of Joint Tax Returns for ZIP Code 33709	3,609
Total Number of Dependents for ZIP Code 33709	3,306
Total Adjusted Gross Income for ZIP Code 33709	411,266,538
Average Income per Person for ZIP Code 33709	$15,804

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]	2,380
Number of joint returns	261
Number of returns with paid preparer's signature	1,011
Number of exemptions	2,824
Number of dependents	392
Adjust gross income (AGI) [2]	$9,990,822
Salaries and wages	$9,280,443
Taxable interest	$915,322
Ordinary dividends	$381,776
Business or professional net income (less loss)	$396,877
Net capital gain (less loss)	($287,622)
Taxable individual retirement arrangements distributions	$594,092
Taxable pensions and annuities	$1,449,305
Unemployment compensation [3]	$281,313
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,714,327
State and local income taxes	$0
State and local general sales tax	$29,424
Real estate taxes	$226,188
Taxes paid	$270,428
Mortgage interest paid	$893,461
Contributions	$29,463
Taxable income	$336,881
Total tax credits [5]	$363
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$907,022
Excess earned income credit (refundable) [7]	$781,821
Alternative minimum tax	$0
Income tax [8]	$32,126
Total tax liability [9]	$259,051
Tax due at time of filing [10]	$71,513
Overpayments refunded [11]	($1,861,195)

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

Number of returns [1]	3,640
Number of joint returns	637
Number of returns with paid preparer's signature	1,746
Number of exemptions	5,842
Number of dependents	1,048
Adjust gross income (AGI) [2]	$62,841,646
Salaries and wages	$45,435,452
Taxable interest	$2,372,942
Ordinary dividends	$1,268,233
Business or professional net income (less loss)	$2,563,774
Net capital gain (less loss)	($220,086)
Taxable individual retirement arrangements distributions	$2,088,175
Taxable pensions and annuities	$7,850,919
Unemployment compensation [3]	$1,135,462
Taxable Social Security benefits	$435,126
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,166,841
State and local income taxes	$22,544
State and local general sales tax	$110,590
Real estate taxes	$436,912
Taxes paid	$582,786
Mortgage interest paid	$1,825,788
Contributions	$283,528
Taxable income	$18,394,379
Total tax credits [5]	$241,707
Residential energy tax credit	$0
Child tax credit	$84,118
Child and dependent care credit	$36,478
Earned income credit [6]	$3,017,208
Excess earned income credit (refundable) [7]	$2,729,629
Alternative minimum tax	$0
Income tax [8]	$1,720,002
Total tax liability [9]	$2,224,681
Tax due at time of filing [10]	$223,514
Overpayments refunded [11]	($6,695,349)

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

Number of returns [1]	3,311
Number of joint returns	970
Number of returns with paid preparer's signature	1,533
Number of exemptions	5,834
Number of dependents	909
Adjust gross income (AGI) [2]	$117,098,512
Salaries and wages	$92,505,003
Taxable interest	$3,288,807
Ordinary dividends	$1,356,874
Business or professional net income (less loss)	$1,892,574
Net capital gain (less loss)	$171,895
Taxable individual retirement arrangements distributions	$2,410,097
Taxable pensions and annuities	$11,120,385
Unemployment compensation [3]	$647,809
Taxable Social Security benefits	$3,820,631
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,693,577
State and local income taxes	$65,852
State and local general sales tax	$383,967
Real estate taxes	$1,106,437
Taxes paid	$1,600,262
Mortgage interest paid	$4,979,997
Contributions	$711,404
Taxable income	$66,514,195
Total tax credits [5]	$936,922
Residential energy tax credit	$10,789
Child tax credit	$592,838
Child and dependent care credit	$98,091
Earned income credit [6]	$607,585
Excess earned income credit (refundable) [7]	$505,211
Alternative minimum tax	$0
Income tax [8]	$7,417,563
Total tax liability [9]	$7,833,686
Tax due at time of filing [10]	$496,640
Overpayments refunded [11]	($6,029,100)

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

Number of returns [1]	1,489
Number of joint returns	858
Number of returns with paid preparer's signature	745
Number of exemptions	3,231
Number of dependents	523
Adjust gross income (AGI) [2]	$90,918,046
Salaries and wages	$66,694,826
Taxable interest	$3,023,244
Ordinary dividends	$1,462,730
Business or professional net income (less loss)	$1,041,799
Net capital gain (less loss)	$548,497
Taxable individual retirement arrangements distributions	$2,469,990
Taxable pensions and annuities	$10,178,941
Unemployment compensation [3]	$317,557
Taxable Social Security benefits	$4,942,941
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,921,804
State and local income taxes	$74,111
State and local general sales tax	$491,157
Real estate taxes	$1,109,283
Taxes paid	$1,728,072
Mortgage interest paid	$4,983,888
Contributions	$961,974
Taxable income	$60,983,797
Total tax credits [5]	$795,940
Residential energy tax credit	$12,370
Child tax credit	$586,743
Child and dependent care credit	$61,768
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,947,190
Total tax liability [9]	$8,234,137
Tax due at time of filing [10]	$473,019
Overpayments refunded [11]	($3,169,019)

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

Number of returns [1]	670
Number of joint returns	527
Number of returns with paid preparer's signature	328
Number of exemptions	1,652
Number of dependents	267
Adjust gross income (AGI) [2]	$57,617,457
Salaries and wages	$44,045,437
Taxable interest	$1,411,038
Ordinary dividends	$989,727
Business or professional net income (less loss)	$637,970
Net capital gain (less loss)	$290,000
Taxable individual retirement arrangements distributions	$1,498,459
Taxable pensions and annuities	$5,534,205
Unemployment compensation [3]	$141,607
Taxable Social Security benefits	$2,378,890
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,845,825
State and local income taxes	$78,570
State and local general sales tax	$313,659
Real estate taxes	$679,879
Taxes paid	$1,095,415
Mortgage interest paid	$2,901,277
Contributions	$609,966
Taxable income	$42,022,399
Total tax credits [5]	$406,463
Residential energy tax credit	$0
Child tax credit	$312,722
Child and dependent care credit	$38,086
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,874,730
Total tax liability [9]	$6,039,887
Tax due at time of filing [10]	$362,879
Overpayments refunded [11]	($1,728,942)

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

Number of returns [1]	389
Number of joint returns	316
Number of returns with paid preparer's signature	202
Number of exemptions	955
Number of dependents	155
Adjust gross income (AGI) [2]	$48,401,647
Salaries and wages	$32,911,390
Taxable interest	$2,328,846
Ordinary dividends	$1,194,799
Business or professional net income (less loss)	$695,830
Net capital gain (less loss)	$1,163,272
Taxable individual retirement arrangements distributions	$2,273,459
Taxable pensions and annuities	$4,977,813
Unemployment compensation [3]	$49,685
Taxable Social Security benefits	$1,703,694
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,504,550
State and local income taxes	$88,142
State and local general sales tax	$269,539
Real estate taxes	$611,894
Taxes paid	$988,028
Mortgage interest paid	$2,293,309
Contributions	$631,272
Taxable income	$38,491,280
Total tax credits [5]	$161,425
Residential energy tax credit	$0
Child tax credit	$100,050
Child and dependent care credit	$27,058
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$6,774,129
Total tax liability [9]	$6,952,855
Tax due at time of filing [10]	$641,146
Overpayments refunded [11]	($969,740)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	53
Number of joint returns	40
Number of returns with paid preparer's signature	47
Number of exemptions	112
Number of dependents	12
Adjust gross income (AGI) [2]	$24,398,408
Salaries and wages	$5,479,652
Taxable interest	$870,100
Ordinary dividends	$999,769
Business or professional net income (less loss)	$357,105
Net capital gain (less loss)	$5,751,613
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$959,479
Unemployment compensation [3]	$0
Taxable Social Security benefits	$499,157
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,317,817
State and local income taxes	$0
State and local general sales tax	$74,902
Real estate taxes	$199,181
Taxes paid	$320,459
Mortgage interest paid	$358,164
Contributions	$318,336
Taxable income	$22,539,436
Total tax credits [5]	$32,721
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	$94,150
Income tax [8]	$4,764,118
Total tax liability [9]	$4,824,948
Tax due at time of filing [10]	$917,474
Overpayments refunded [11]	$0

[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.