Home » Florida » COLLIER County » ZIP Code 34101 » Tax Stats

34101 Income Tax Overview

Total Number of Tax Returns for ZIP Code 34101 [1]	2,079
Total Number of Joint Tax Returns for ZIP Code 34101	442
Total Number of Dependents for ZIP Code 34101	1,022
Total Adjusted Gross Income for ZIP Code 34101	96,573,938
Average Income per Person for ZIP Code 34101	$9,657,394

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]	312
Number of joint returns	40
Number of returns with paid preparer's signature	195
Number of exemptions	514
Number of dependents	84
Adjust gross income (AGI) [2]	$478,385
Salaries and wages	$1,744,413
Taxable interest	$157,227
Ordinary dividends	$64,396
Business or professional net income (less loss)	($177,933)
Net capital gain (less loss)	($33,828)
Taxable individual retirement arrangements distributions	$38,449
Taxable pensions and annuities	$156,231
Unemployment compensation [3]	$79,703
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,322,774
State and local income taxes	$0
State and local general sales tax	$4,458
Real estate taxes	$184,459
Taxes paid	$200,451
Mortgage interest paid	$722,485
Contributions	$0
Taxable income	$31,043
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$97,070
Excess earned income credit (refundable) [7]	$81,295
Alternative minimum tax	$0
Income tax [8]	$2,755
Total tax liability [9]	$46,825
Tax due at time of filing [10]	$14,897
Overpayments refunded [11]	($366,576)

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

Number of returns [1]	690
Number of joint returns	67
Number of returns with paid preparer's signature	526
Number of exemptions	2,045
Number of dependents	462
Adjust gross income (AGI) [2]	$12,511,354
Salaries and wages	$11,458,044
Taxable interest	$130,358
Ordinary dividends	$86,656
Business or professional net income (less loss)	$550,684
Net capital gain (less loss)	$52,674
Taxable individual retirement arrangements distributions	$105,023
Taxable pensions and annuities	$266,919
Unemployment compensation [3]	$183,857
Taxable Social Security benefits	$30,030
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,317,337
State and local income taxes	$21,431
State and local general sales tax	$19,816
Real estate taxes	$134,718
Taxes paid	$188,174
Mortgage interest paid	$429,778
Contributions	$69,843
Taxable income	$2,200,460
Total tax credits [5]	$79,748
Residential energy tax credit	$0
Child tax credit	$44,220
Child and dependent care credit	$0
Earned income credit [6]	$566,816
Excess earned income credit (refundable) [7]	$501,016
Alternative minimum tax	$0
Income tax [8]	$157,217
Total tax liability [9]	$284,004
Tax due at time of filing [10]	$42,582
Overpayments refunded [11]	($1,657,224)

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

Number of returns [1]	647
Number of joint returns	113
Number of returns with paid preparer's signature	444
Number of exemptions	1,649
Number of dependents	315
Adjust gross income (AGI) [2]	$22,612,716
Salaries and wages	$20,246,993
Taxable interest	$285,257
Ordinary dividends	$222,231
Business or professional net income (less loss)	$493,649
Net capital gain (less loss)	($53,970)
Taxable individual retirement arrangements distributions	$300,160
Taxable pensions and annuities	$804,908
Unemployment compensation [3]	$155,605
Taxable Social Security benefits	$231,627
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,849,480
State and local income taxes	$25,056
State and local general sales tax	$73,555
Real estate taxes	$300,324
Taxes paid	$443,729
Mortgage interest paid	$1,286,911
Contributions	$207,796
Taxable income	$10,300,126
Total tax credits [5]	$290,407
Residential energy tax credit	$0
Child tax credit	$215,223
Child and dependent care credit	$11,769
Earned income credit [6]	$98,496
Excess earned income credit (refundable) [7]	$84,173
Alternative minimum tax	$0
Income tax [8]	$1,008,695
Total tax liability [9]	$1,138,125
Tax due at time of filing [10]	$104,655
Overpayments refunded [11]	($1,600,079)

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

Number of returns [1]	197
Number of joint returns	64
Number of returns with paid preparer's signature	125
Number of exemptions	408
Number of dependents	77
Adjust gross income (AGI) [2]	$11,877,155
Salaries and wages	$9,785,008
Taxable interest	$225,286
Ordinary dividends	$303,865
Business or professional net income (less loss)	$128,796
Net capital gain (less loss)	$115,540
Taxable individual retirement arrangements distributions	$209,281
Taxable pensions and annuities	$638,244
Unemployment compensation [3]	$26,295
Taxable Social Security benefits	$404,345
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,168,444
State and local income taxes	$34,309
State and local general sales tax	$58,951
Real estate taxes	$257,571
Taxes paid	$350,073
Mortgage interest paid	$1,158,244
Contributions	$127,680
Taxable income	$7,565,853
Total tax credits [5]	$107,166
Residential energy tax credit	$0
Child tax credit	$79,579
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]	$1,015,052
Total tax liability [9]	$1,052,327
Tax due at time of filing [10]	$69,403
Overpayments refunded [11]	($547,552)

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

Number of returns [1]	74
Number of joint returns	42
Number of returns with paid preparer's signature	48
Number of exemptions	176
Number of dependents	26
Adjust gross income (AGI) [2]	$6,310,435
Salaries and wages	$4,177,658
Taxable interest	$388,084
Ordinary dividends	$236,278
Business or professional net income (less loss)	$186,269
Net capital gain (less loss)	$34,604
Taxable individual retirement arrangements distributions	$220,684
Taxable pensions and annuities	$525,591
Unemployment compensation [3]	$0
Taxable Social Security benefits	$316,086
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,144,258
State and local income taxes	$0
State and local general sales tax	$47,891
Real estate taxes	$231,211
Taxes paid	$310,429
Mortgage interest paid	$579,507
Contributions	$84,761
Taxable income	$4,273,830
Total tax credits [5]	$45,364
Residential energy tax credit	$0
Child tax credit	$31,338
Child and dependent care credit	$7,089
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$623,960
Total tax liability [9]	$683,842
Tax due at time of filing [10]	$39,442
Overpayments refunded [11]	($291,721)

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

Number of returns [1]	106
Number of joint returns	74
Number of returns with paid preparer's signature	71
Number of exemptions	261
Number of dependents	42
Adjust gross income (AGI) [2]	$14,380,106
Salaries and wages	$8,306,470
Taxable interest	$648,700
Ordinary dividends	$880,562
Business or professional net income (less loss)	$1,414,716
Net capital gain (less loss)	$302,735
Taxable individual retirement arrangements distributions	$500,541
Taxable pensions and annuities	$1,409,694
Unemployment compensation [3]	$0
Taxable Social Security benefits	$494,794
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,752,668
State and local income taxes	$53,598
State and local general sales tax	$102,909
Real estate taxes	$491,456
Taxes paid	$663,529
Mortgage interest paid	$1,165,438
Contributions	$338,529
Taxable income	$10,275,232
Total tax credits [5]	$55,197
Residential energy tax credit	$0
Child tax credit	$24,500
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]	$1,965,680
Total tax liability [9]	$2,096,929
Tax due at time of filing [10]	$201,697
Overpayments refunded [11]	($534,961)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	53
Number of joint returns	42
Number of returns with paid preparer's signature	46
Number of exemptions	128
Number of dependents	16
Adjust gross income (AGI) [2]	$28,403,787
Salaries and wages	$7,651,359
Taxable interest	$2,372,582
Ordinary dividends	$2,865,079
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$3,964,104
Taxable individual retirement arrangements distributions	$685,685
Taxable pensions and annuities	$453,763
Unemployment compensation [3]	$0
Taxable Social Security benefits	$504,420
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,124,646
State and local income taxes	$0
State and local general sales tax	$78,263
Real estate taxes	$743,615
Taxes paid	$1,063,888
Mortgage interest paid	$997,900
Contributions	$916,943
Taxable income	$23,923,024
Total tax credits [5]	$10,863
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	$213,618
Income tax [8]	$6,366,487
Total tax liability [9]	$6,478,903
Tax due at time of filing [10]	$640,395
Overpayments refunded [11]	($469,745)

[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.