Home » Florida » SAINT LUCIE County » ZIP Code 34951 » Tax Stats

34951 Income Tax Overview

Total Number of Tax Returns for ZIP Code 34951 [1]	6,407
Total Number of Joint Tax Returns for ZIP Code 34951	2,771
Total Number of Dependents for ZIP Code 34951	1,660
Total Adjusted Gross Income for ZIP Code 34951	263,142,001
Average Income per Person for ZIP Code 34951	$18,643

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]	1,080
Number of joint returns	169
Number of returns with paid preparer's signature	431
Number of exemptions	1,260
Number of dependents	153
Adjust gross income (AGI) [2]	$4,325,892
Salaries and wages	$3,746,963
Taxable interest	$523,452
Ordinary dividends	$248,928
Business or professional net income (less loss)	$348,173
Net capital gain (less loss)	($226,431)
Taxable individual retirement arrangements distributions	$340,247
Taxable pensions and annuities	$815,966
Unemployment compensation [3]	$173,883
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,316,981
State and local income taxes	$15,144
State and local general sales tax	$28,470
Real estate taxes	$188,836
Taxes paid	$287,321
Mortgage interest paid	$477,399
Contributions	$25,068
Taxable income	$151,845
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$337,043
Excess earned income credit (refundable) [7]	$292,950
Alternative minimum tax	$0
Income tax [8]	$14,473
Total tax liability [9]	$107,446
Tax due at time of filing [10]	$26,097
Overpayments refunded [11]	($790,356)

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

Number of returns [1]	1,702
Number of joint returns	477
Number of returns with paid preparer's signature	810
Number of exemptions	2,800
Number of dependents	400
Adjust gross income (AGI) [2]	$29,023,140
Salaries and wages	$17,099,816
Taxable interest	$1,762,818
Ordinary dividends	$924,267
Business or professional net income (less loss)	$1,284,797
Net capital gain (less loss)	($187,142)
Taxable individual retirement arrangements distributions	$1,670,085
Taxable pensions and annuities	$6,408,945
Unemployment compensation [3]	$630,108
Taxable Social Security benefits	$269,344
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,287,539
State and local income taxes	$0
State and local general sales tax	$108,776
Real estate taxes	$397,446
Taxes paid	$538,352
Mortgage interest paid	$1,310,892
Contributions	$209,804
Taxable income	$7,239,625
Total tax credits [5]	$87,942
Residential energy tax credit	$0
Child tax credit	$38,187
Child and dependent care credit	$9,655
Earned income credit [6]	$1,161,000
Excess earned income credit (refundable) [7]	$1,013,379
Alternative minimum tax	$0
Income tax [8]	$679,329
Total tax liability [9]	$898,820
Tax due at time of filing [10]	$83,381
Overpayments refunded [11]	($2,863,983)

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

Number of returns [1]	1,767
Number of joint returns	736
Number of returns with paid preparer's signature	863
Number of exemptions	3,284
Number of dependents	487
Adjust gross income (AGI) [2]	$63,875,652
Salaries and wages	$42,841,795
Taxable interest	$2,037,076
Ordinary dividends	$1,253,558
Business or professional net income (less loss)	$921,869
Net capital gain (less loss)	($5,238)
Taxable individual retirement arrangements distributions	$2,903,724
Taxable pensions and annuities	$10,040,103
Unemployment compensation [3]	$477,716
Taxable Social Security benefits	$3,392,052
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,423,005
State and local income taxes	$55,576
State and local general sales tax	$288,633
Real estate taxes	$791,945
Taxes paid	$1,187,508
Mortgage interest paid	$3,256,487
Contributions	$645,506
Taxable income	$33,584,443
Total tax credits [5]	$439,822
Residential energy tax credit	$0
Child tax credit	$315,825
Child and dependent care credit	$33,218
Earned income credit [6]	$265,709
Excess earned income credit (refundable) [7]	$206,370
Alternative minimum tax	$0
Income tax [8]	$3,643,636
Total tax liability [9]	$3,898,344
Tax due at time of filing [10]	$314,168
Overpayments refunded [11]	($3,254,300)

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

Number of returns [1]	959
Number of joint returns	627
Number of returns with paid preparer's signature	536
Number of exemptions	2,062
Number of dependents	293
Adjust gross income (AGI) [2]	$58,661,235
Salaries and wages	$37,698,805
Taxable interest	$2,080,064
Ordinary dividends	$1,122,928
Business or professional net income (less loss)	$448,618
Net capital gain (less loss)	$58,819
Taxable individual retirement arrangements distributions	$2,381,673
Taxable pensions and annuities	$9,721,561
Unemployment compensation [3]	$233,461
Taxable Social Security benefits	$5,133,100
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,943,659
State and local income taxes	$70,416
State and local general sales tax	$346,056
Real estate taxes	$809,228
Taxes paid	$1,269,942
Mortgage interest paid	$2,978,560
Contributions	$832,207
Taxable income	$38,378,329
Total tax credits [5]	$378,354
Residential energy tax credit	$19,263
Child tax credit	$279,262
Child and dependent care credit	$28,854
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,967,536
Total tax liability [9]	$5,113,269
Tax due at time of filing [10]	$419,955
Overpayments refunded [11]	($1,892,662)

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

Number of returns [1]	473
Number of joint returns	389
Number of returns with paid preparer's signature	259
Number of exemptions	1,180
Number of dependents	180
Adjust gross income (AGI) [2]	$40,619,296
Salaries and wages	$27,042,730
Taxable interest	$1,241,714
Ordinary dividends	$966,264
Business or professional net income (less loss)	$639,231
Net capital gain (less loss)	$243,539
Taxable individual retirement arrangements distributions	$1,761,225
Taxable pensions and annuities	$5,614,560
Unemployment compensation [3]	$96,752
Taxable Social Security benefits	$2,596,951
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,213,839
State and local income taxes	$56,218
State and local general sales tax	$299,278
Real estate taxes	$662,516
Taxes paid	$1,046,015
Mortgage interest paid	$2,249,845
Contributions	$669,878
Taxable income	$28,735,681
Total tax credits [5]	$284,761
Residential energy tax credit	$0
Child tax credit	$222,722
Child and dependent care credit	$19,295
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,878,070
Total tax liability [9]	$4,050,580
Tax due at time of filing [10]	$257,751
Overpayments refunded [11]	($1,219,098)

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

Number of returns [1]	379
Number of joint returns	335
Number of returns with paid preparer's signature	225
Number of exemptions	954
Number of dependents	147
Adjust gross income (AGI) [2]	$48,197,510
Salaries and wages	$31,779,834
Taxable interest	$1,851,364
Ordinary dividends	$1,803,701
Business or professional net income (less loss)	$290,234
Net capital gain (less loss)	$867,194
Taxable individual retirement arrangements distributions	$2,547,385
Taxable pensions and annuities	$5,421,504
Unemployment compensation [3]	$139,246
Taxable Social Security benefits	$2,329,260
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,106,995
State and local income taxes	$150,101
State and local general sales tax	$304,296
Real estate taxes	$758,849
Taxes paid	$1,220,872
Mortgage interest paid	$2,496,355
Contributions	$1,008,410
Taxable income	$36,970,447
Total tax credits [5]	$179,159
Residential energy tax credit	$0
Child tax credit	$91,600
Child and dependent care credit	$16,475
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$11,465
Income tax [8]	$6,292,736
Total tax liability [9]	$6,461,638
Tax due at time of filing [10]	$617,794
Overpayments refunded [11]	($1,117,856)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	47
Number of joint returns	38
Number of returns with paid preparer's signature	43
Number of exemptions	94
Number of dependents	0
Adjust gross income (AGI) [2]	$18,439,276
Salaries and wages	$5,045,113
Taxable interest	$684,983
Ordinary dividends	$1,835,807
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$2,472,733
Taxable individual retirement arrangements distributions	$574,489
Taxable pensions and annuities	$1,824,928
Unemployment compensation [3]	$0
Taxable Social Security benefits	$490,127
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,051,535
State and local income taxes	$0
State and local general sales tax	$50,564
Real estate taxes	$209,579
Taxes paid	$327,525
Mortgage interest paid	$245,320
Contributions	$253,935
Taxable income	$16,887,194
Total tax credits [5]	$4,008
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	$119,451
Income tax [8]	$3,883,462
Total tax liability [9]	$3,911,112
Tax due at time of filing [10]	$1,012,233
Overpayments refunded [11]	($349,571)

[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.