Home » Florida » PINELLAS County » ZIP Code 33715 » Tax Stats

33715 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33715 [1]	3,870
Total Number of Joint Tax Returns for ZIP Code 33715	1,911
Total Number of Dependents for ZIP Code 33715	511
Total Adjusted Gross Income for ZIP Code 33715	646,538,705
Average Income per Person for ZIP Code 33715	$87,288

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]	556
Number of joint returns	116
Number of returns with paid preparer's signature	364
Number of exemptions	598
Number of dependents	33
Adjust gross income (AGI) [2]	($514,609)
Salaries and wages	$3,714,560
Taxable interest	$1,521,615
Ordinary dividends	$1,068,580
Business or professional net income (less loss)	($580,013)
Net capital gain (less loss)	$156,588
Taxable individual retirement arrangements distributions	$405,625
Taxable pensions and annuities	$699,249
Unemployment compensation [3]	$58,664
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,932,208
State and local income taxes	$31,025
State and local general sales tax	$39,440
Real estate taxes	$1,011,694
Taxes paid	$1,120,011
Mortgage interest paid	$2,386,812
Contributions	$57,679
Taxable income	$115,761
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$36,976
Excess earned income credit (refundable) [7]	$27,529
Alternative minimum tax	$0
Income tax [8]	$7,493
Total tax liability [9]	$83,417
Tax due at time of filing [10]	$21,683
Overpayments refunded [11]	($1,210,202)

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

Number of returns [1]	499
Number of joint returns	125
Number of returns with paid preparer's signature	302
Number of exemptions	674
Number of dependents	46
Adjust gross income (AGI) [2]	$8,582,644
Salaries and wages	$4,194,976
Taxable interest	$1,196,126
Ordinary dividends	$1,031,675
Business or professional net income (less loss)	$260,434
Net capital gain (less loss)	($163,074)
Taxable individual retirement arrangements distributions	$861,193
Taxable pensions and annuities	$1,886,797
Unemployment compensation [3]	$130,681
Taxable Social Security benefits	$208,105
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,415,918
State and local income taxes	$30,953
State and local general sales tax	$87,901
Real estate taxes	$645,670
Taxes paid	$812,605
Mortgage interest paid	$1,086,072
Contributions	$186,802
Taxable income	$2,113,965
Total tax credits [5]	$25,113
Residential energy tax credit	$0
Child tax credit	$5,410
Child and dependent care credit	$0
Earned income credit [6]	$87,737
Excess earned income credit (refundable) [7]	$69,515
Alternative minimum tax	$0
Income tax [8]	$190,371
Total tax liability [9]	$276,788
Tax due at time of filing [10]	$48,982
Overpayments refunded [11]	($735,795)

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

Number of returns [1]	660
Number of joint returns	217
Number of returns with paid preparer's signature	405
Number of exemptions	959
Number of dependents	59
Adjust gross income (AGI) [2]	$24,715,241
Salaries and wages	$12,794,409
Taxable interest	$1,839,631
Ordinary dividends	$1,676,713
Business or professional net income (less loss)	$825,694
Net capital gain (less loss)	$229,686
Taxable individual retirement arrangements distributions	$1,673,390
Taxable pensions and annuities	$4,681,475
Unemployment compensation [3]	$113,388
Taxable Social Security benefits	$2,008,244
Self-employment retirement plans	$89,862
Total itemized deductions [4]	$6,025,656
State and local income taxes	$48,839
State and local general sales tax	$196,669
Real estate taxes	$1,212,746
Taxes paid	$1,487,118
Mortgage interest paid	$2,289,142
Contributions	$484,652
Taxable income	$13,126,050
Total tax credits [5]	$88,168
Residential energy tax credit	$0
Child tax credit	$31,030
Child and dependent care credit	$6,440
Earned income credit [6]	$17,224
Excess earned income credit (refundable) [7]	$15,028
Alternative minimum tax	$0
Income tax [8]	$1,489,712
Total tax liability [9]	$1,651,182
Tax due at time of filing [10]	$218,322
Overpayments refunded [11]	($1,146,475)

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

Number of returns [1]	470
Number of joint returns	216
Number of returns with paid preparer's signature	300
Number of exemptions	743
Number of dependents	39
Adjust gross income (AGI) [2]	$29,029,434
Salaries and wages	$12,811,359
Taxable interest	$1,979,024
Ordinary dividends	$1,981,829
Business or professional net income (less loss)	$763,164
Net capital gain (less loss)	$259,046
Taxable individual retirement arrangements distributions	$3,075,375
Taxable pensions and annuities	$5,519,508
Unemployment compensation [3]	$74,495
Taxable Social Security benefits	$3,579,457
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,352,213
State and local income taxes	$77,794
State and local general sales tax	$218,495
Real estate taxes	$1,402,452
Taxes paid	$1,721,417
Mortgage interest paid	$2,514,243
Contributions	$556,014
Taxable income	$18,367,511
Total tax credits [5]	$46,957
Residential energy tax credit	$0
Child tax credit	$14,143
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,587,742
Total tax liability [9]	$2,788,183
Tax due at time of filing [10]	$327,472
Overpayments refunded [11]	($1,145,820)

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

Number of returns [1]	424
Number of joint returns	281
Number of returns with paid preparer's signature	273
Number of exemptions	767
Number of dependents	43
Adjust gross income (AGI) [2]	$36,643,130
Salaries and wages	$12,112,460
Taxable interest	$2,421,279
Ordinary dividends	$2,546,178
Business or professional net income (less loss)	$1,031,019
Net capital gain (less loss)	$324,546
Taxable individual retirement arrangements distributions	$3,985,983
Taxable pensions and annuities	$8,951,735
Unemployment compensation [3]	$0
Taxable Social Security benefits	$4,975,654
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,067,326
State and local income taxes	$140,222
State and local general sales tax	$251,690
Real estate taxes	$1,570,923
Taxes paid	$2,045,264
Mortgage interest paid	$2,621,746
Contributions	$679,955
Taxable income	$25,219,139
Total tax credits [5]	$64,005
Residential energy tax credit	$0
Child tax credit	$27,800
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,707,720
Total tax liability [9]	$3,908,746
Tax due at time of filing [10]	$392,312
Overpayments refunded [11]	($1,012,479)

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

Number of returns [1]	770
Number of joint returns	561
Number of returns with paid preparer's signature	528
Number of exemptions	1,546
Number of dependents	145
Adjust gross income (AGI) [2]	$106,515,915
Salaries and wages	$52,681,312
Taxable interest	$5,615,997
Ordinary dividends	$6,273,394
Business or professional net income (less loss)	$3,312,797
Net capital gain (less loss)	$3,324,996
Taxable individual retirement arrangements distributions	$9,555,349
Taxable pensions and annuities	$16,541,488
Unemployment compensation [3]	$161,334
Taxable Social Security benefits	$6,936,722
Self-employment retirement plans	$270,873
Total itemized deductions [4]	$18,338,990
State and local income taxes	$422,655
State and local general sales tax	$897,357
Real estate taxes	$4,428,899
Taxes paid	$5,872,565
Mortgage interest paid	$7,976,658
Contributions	$2,126,465
Taxable income	$80,144,784
Total tax credits [5]	$270,880
Residential energy tax credit	$0
Child tax credit	$38,100
Child and dependent care credit	$11,687
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$154,249
Income tax [8]	$14,586,557
Total tax liability [9]	$15,147,246
Tax due at time of filing [10]	$1,468,225
Overpayments refunded [11]	($3,319,336)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	491
Number of joint returns	395
Number of returns with paid preparer's signature	405
Number of exemptions	1,156
Number of dependents	146
Adjust gross income (AGI) [2]	$441,566,950
Salaries and wages	$115,665,236
Taxable interest	$17,827,231
Ordinary dividends	$23,817,096
Business or professional net income (less loss)	$8,986,844
Net capital gain (less loss)	$152,810,188
Taxable individual retirement arrangements distributions	$9,760,800
Taxable pensions and annuities	$9,227,069
Unemployment compensation [3]	$0
Taxable Social Security benefits	$3,458,222
Self-employment retirement plans	$678,636
Total itemized deductions [4]	$32,819,144
State and local income taxes	$6,100,063
State and local general sales tax	$1,023,204
Real estate taxes	$7,344,490
Taxes paid	$14,595,005
Mortgage interest paid	$8,945,002
Contributions	$6,838,256
Taxable income	$404,981,939
Total tax credits [5]	$659,483
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	$1,969,773
Income tax [8]	$98,332,593
Total tax liability [9]	$99,167,413
Tax due at time of filing [10]	$5,950,396
Overpayments refunded [11]	($5,092,024)

[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.