Home » Florida » PINELLAS County » ZIP Code 33759 » Tax Stats

33759 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33759 [1]	8,477
Total Number of Joint Tax Returns for ZIP Code 33759	2,648
Total Number of Dependents for ZIP Code 33759	2,436
Total Adjusted Gross Income for ZIP Code 33759	408,017,261
Average Income per Person for ZIP Code 33759	$22,897

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]	1,492
Number of joint returns	148
Number of returns with paid preparer's signature	647
Number of exemptions	1,592
Number of dependents	204
Adjust gross income (AGI) [2]	$5,714,147
Salaries and wages	$6,836,689
Taxable interest	$1,032,028
Ordinary dividends	$472,055
Business or professional net income (less loss)	$377,381
Net capital gain (less loss)	($152,149)
Taxable individual retirement arrangements distributions	$379,641
Taxable pensions and annuities	$742,529
Unemployment compensation [3]	$177,988
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,528,937
State and local income taxes	$0
State and local general sales tax	$35,544
Real estate taxes	$361,296
Taxes paid	$406,285
Mortgage interest paid	$882,998
Contributions	$36,682
Taxable income	$299,175
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$440,567
Excess earned income credit (refundable) [7]	$381,786
Alternative minimum tax	$0
Income tax [8]	$29,055
Total tax liability [9]	$158,443
Tax due at time of filing [10]	$42,446
Overpayments refunded [11]	($1,131,751)

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

Number of returns [1]	2,180
Number of joint returns	313
Number of returns with paid preparer's signature	1,009
Number of exemptions	3,555
Number of dependents	659
Adjust gross income (AGI) [2]	$37,952,764
Salaries and wages	$28,026,863
Taxable interest	$1,332,585
Ordinary dividends	$870,010
Business or professional net income (less loss)	$1,514,835
Net capital gain (less loss)	($137,439)
Taxable individual retirement arrangements distributions	$1,170,983
Taxable pensions and annuities	$4,043,832
Unemployment compensation [3]	$688,864
Taxable Social Security benefits	$293,264
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,234,016
State and local income taxes	$9,959
State and local general sales tax	$98,686
Real estate taxes	$356,628
Taxes paid	$494,041
Mortgage interest paid	$1,287,705
Contributions	$234,274
Taxable income	$11,398,162
Total tax credits [5]	$186,672
Residential energy tax credit	$0
Child tax credit	$68,572
Child and dependent care credit	$20,529
Earned income credit [6]	$1,479,394
Excess earned income credit (refundable) [7]	$1,349,012
Alternative minimum tax	$0
Income tax [8]	$1,042,703
Total tax liability [9]	$1,338,338
Tax due at time of filing [10]	$176,462
Overpayments refunded [11]	($3,929,055)

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

Number of returns [1]	2,351
Number of joint returns	583
Number of returns with paid preparer's signature	1,012
Number of exemptions	4,218
Number of dependents	706
Adjust gross income (AGI) [2]	$84,135,424
Salaries and wages	$66,336,665
Taxable interest	$2,459,781
Ordinary dividends	$1,384,731
Business or professional net income (less loss)	$1,397,555
Net capital gain (less loss)	$323,177
Taxable individual retirement arrangements distributions	$2,238,647
Taxable pensions and annuities	$6,451,603
Unemployment compensation [3]	$504,985
Taxable Social Security benefits	$2,530,655
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,790,817
State and local income taxes	$76,074
State and local general sales tax	$299,565
Real estate taxes	$854,837
Taxes paid	$1,277,647
Mortgage interest paid	$3,746,563
Contributions	$695,956
Taxable income	$47,608,890
Total tax credits [5]	$759,589
Residential energy tax credit	$12,164
Child tax credit	$468,890
Child and dependent care credit	$79,062
Earned income credit [6]	$374,003
Excess earned income credit (refundable) [7]	$301,381
Alternative minimum tax	$0
Income tax [8]	$5,257,798
Total tax liability [9]	$5,615,939
Tax due at time of filing [10]	$419,998
Overpayments refunded [11]	($4,356,151)

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

Number of returns [1]	1,070
Number of joint returns	541
Number of returns with paid preparer's signature	518
Number of exemptions	2,183
Number of dependents	321
Adjust gross income (AGI) [2]	$64,983,879
Salaries and wages	$45,164,160
Taxable interest	$2,526,104
Ordinary dividends	$1,715,861
Business or professional net income (less loss)	$1,155,222
Net capital gain (less loss)	$373,051
Taxable individual retirement arrangements distributions	$1,895,277
Taxable pensions and annuities	$7,946,608
Unemployment compensation [3]	$260,999
Taxable Social Security benefits	$3,944,388
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,001,863
State and local income taxes	$106,320
State and local general sales tax	$333,489
Real estate taxes	$802,027
Taxes paid	$1,272,750
Mortgage interest paid	$2,874,118
Contributions	$802,670
Taxable income	$44,141,543
Total tax credits [5]	$512,772
Residential energy tax credit	$0
Child tax credit	$388,412
Child and dependent care credit	$33,555
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,911,149
Total tax liability [9]	$6,175,903
Tax due at time of filing [10]	$448,553
Overpayments refunded [11]	($2,126,332)

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

Number of returns [1]	543
Number of joint returns	382
Number of returns with paid preparer's signature	275
Number of exemptions	1,213
Number of dependents	182
Adjust gross income (AGI) [2]	$46,734,453
Salaries and wages	$31,716,627
Taxable interest	$1,738,403
Ordinary dividends	$1,447,852
Business or professional net income (less loss)	$986,115
Net capital gain (less loss)	$322,059
Taxable individual retirement arrangements distributions	$1,877,314
Taxable pensions and annuities	$5,578,569
Unemployment compensation [3]	$101,972
Taxable Social Security benefits	$2,603,450
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,979,893
State and local income taxes	$92,759
State and local general sales tax	$291,536
Real estate taxes	$735,848
Taxes paid	$1,128,399
Mortgage interest paid	$2,707,085
Contributions	$719,933
Taxable income	$33,852,064
Total tax credits [5]	$281,214
Residential energy tax credit	$0
Child tax credit	$184,700
Child and dependent care credit	$28,927
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,883,134
Total tax liability [9]	$5,095,317
Tax due at time of filing [10]	$415,877
Overpayments refunded [11]	($1,360,531)

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

Number of returns [1]	607
Number of joint returns	476
Number of returns with paid preparer's signature	335
Number of exemptions	1,499
Number of dependents	236
Adjust gross income (AGI) [2]	$80,549,118
Salaries and wages	$55,323,298
Taxable interest	$3,069,982
Ordinary dividends	$3,331,150
Business or professional net income (less loss)	$1,722,120
Net capital gain (less loss)	$1,241,566
Taxable individual retirement arrangements distributions	$3,004,438
Taxable pensions and annuities	$7,294,957
Unemployment compensation [3]	$69,533
Taxable Social Security benefits	$2,754,518
Self-employment retirement plans	$437,534
Total itemized deductions [4]	$11,070,881
State and local income taxes	$191,366
State and local general sales tax	$623,459
Real estate taxes	$1,693,602
Taxes paid	$2,561,080
Mortgage interest paid	$5,190,709
Contributions	$1,727,555
Taxable income	$61,782,785
Total tax credits [5]	$280,363
Residential energy tax credit	$0
Child tax credit	$140,200
Child and dependent care credit	$29,776
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$45,344
Income tax [8]	$10,973,483
Total tax liability [9]	$11,424,112
Tax due at time of filing [10]	$841,735
Overpayments refunded [11]	($1,704,187)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	234
Number of joint returns	205
Number of returns with paid preparer's signature	169
Number of exemptions	705
Number of dependents	128
Adjust gross income (AGI) [2]	$87,947,476
Salaries and wages	$51,180,880
Taxable interest	$4,316,071
Ordinary dividends	$3,097,903
Business or professional net income (less loss)	$3,557,479
Net capital gain (less loss)	$9,675,341
Taxable individual retirement arrangements distributions	$844,279
Taxable pensions and annuities	$2,362,272
Unemployment compensation [3]	$0
Taxable Social Security benefits	$769,847
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,493,741
State and local income taxes	$343,481
State and local general sales tax	$449,856
Real estate taxes	$1,471,128
Taxes paid	$2,279,157
Mortgage interest paid	$3,238,507
Contributions	$2,657,747
Taxable income	$75,988,287
Total tax credits [5]	$53,612
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$9,573
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$291,900
Income tax [8]	$19,311,440
Total tax liability [9]	$19,648,786
Tax due at time of filing [10]	$2,291,886
Overpayments refunded [11]	($2,002,355)

[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.