THEODORE, AL 36590

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ZIP Code 36590 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2008



36590 Income Tax Overview

Total Number of Tax Returns for ZIP Code 36590 [1] 466
Total Number of Joint Tax Returns for ZIP Code 36590 153
Total Number of Dependents for ZIP Code 36590 160
Total Adjusted Gross Income for ZIP Code 36590 20,848,898
Average Income per Person for ZIP Code 36590 $1,042,445

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] 79
Number of joint returns 10
Number of returns with paid preparer's signature 54
Number of exemptions 116
Number of dependents 28
Adjust gross income (AGI) [2] $362,960
Salaries and wages $354,421
Taxable interest $3,763
Ordinary dividends $0
Business or professional net income (less loss) $10,308
Net capital gain (less loss) $0
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $0
Unemployment compensation [3] $0
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $0
State and local income taxes $0
State and local general sales tax $0
Real estate taxes $5,095
Taxes paid $0
Mortgage interest paid $68,108
Contributions $0
Taxable income $0
Total tax credits [5] $0
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $66,817
Excess earned income credit (refundable) [7] $57,512
Alternative minimum tax $0
Income tax [8] $0
Total tax liability [9] $17,035
Tax due at time of filing [10] $13,001
Overpayments refunded [11] ($92,811)

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

Number of returns [1] 122
Number of joint returns 26
Number of returns with paid preparer's signature 91
Number of exemptions 226
Number of dependents 46
Adjust gross income (AGI) [2] $2,028,314
Salaries and wages $1,486,876
Taxable interest $18,033
Ordinary dividends $0
Business or professional net income (less loss) $213,324
Net capital gain (less loss) $0
Taxable individual retirement arrangements distributions $106,442
Taxable pensions and annuities $206,690
Unemployment compensation [3] $0
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $350,083
State and local income taxes $0
State and local general sales tax $11,614
Real estate taxes $0
Taxes paid $24,473
Mortgage interest paid $0
Contributions $36,815
Taxable income $424,881
Total tax credits [5] $7,986
Residential energy tax credit $0
Child tax credit $3,890
Child and dependent care credit $0
Earned income credit [6] $166,043
Excess earned income credit (refundable) [7] $137,787
Alternative minimum tax $0
Income tax [8] $38,491
Total tax liability [9] $73,408
Tax due at time of filing [10] $0
Overpayments refunded [11] ($276,838)

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

Number of returns [1] 137
Number of joint returns 39
Number of returns with paid preparer's signature 88
Number of exemptions 250
Number of dependents 46
Adjust gross income (AGI) [2] $4,827,485
Salaries and wages $3,860,931
Taxable interest $85,405
Ordinary dividends $26,627
Business or professional net income (less loss) ($8,669)
Net capital gain (less loss) ($7,323)
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $390,619
Unemployment compensation [3] $48,308
Taxable Social Security benefits $178,414
Self-employment retirement plans $0
Total itemized deductions [4] $802,863
State and local income taxes $45,317
State and local general sales tax $0
Real estate taxes $20,418
Taxes paid $74,946
Mortgage interest paid $164,691
Contributions $88,138
Taxable income $2,584,232
Total tax credits [5] $46,224
Residential energy tax credit $0
Child tax credit $28,584
Child and dependent care credit $0
Earned income credit [6] $38,358
Excess earned income credit (refundable) [7] $32,745
Alternative minimum tax $0
Income tax [8] $278,999
Total tax liability [9] $307,756
Tax due at time of filing [10] $31,309
Overpayments refunded [11] ($234,273)

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

Number of returns [1] 68
Number of joint returns 34
Number of returns with paid preparer's signature 49
Number of exemptions 134
Number of dependents 18
Adjust gross income (AGI) [2] $4,138,393
Salaries and wages $3,445,915
Taxable interest $32,690
Ordinary dividends $0
Business or professional net income (less loss) $0
Net capital gain (less loss) $0
Taxable individual retirement arrangements distributions $86,666
Taxable pensions and annuities $316,779
Unemployment compensation [3] $0
Taxable Social Security benefits $144,273
Self-employment retirement plans $0
Total itemized deductions [4] $607,862
State and local income taxes $63,248
State and local general sales tax $0
Real estate taxes $24,505
Taxes paid $104,109
Mortgage interest paid $194,070
Contributions $67,883
Taxable income $2,741,964
Total tax credits [5] $42,502
Residential energy tax credit $0
Child tax credit $20,107
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] $379,660
Total tax liability [9] $390,605
Tax due at time of filing [10] $20,192
Overpayments refunded [11] ($143,926)

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

Number of returns [1] 25
Number of joint returns 17
Number of returns with paid preparer's signature 18
Number of exemptions 56
Number of dependents 10
Adjust gross income (AGI) [2] $2,189,860
Salaries and wages $1,498,366
Taxable interest $21,288
Ordinary dividends $0
Business or professional net income (less loss) $0
Net capital gain (less loss) $704,605
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $179,708
Unemployment compensation [3] $0
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $380,723
State and local income taxes $42,822
State and local general sales tax $0
Real estate taxes $12,908
Taxes paid $64,059
Mortgage interest paid $139,504
Contributions $43,615
Taxable income $1,535,772
Total tax credits [5] $0
Residential energy tax credit $0
Child tax credit $18,900
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] $223,742
Total tax liability [9] $226,578
Tax due at time of filing [10] $78,345
Overpayments refunded [11] ($54,420)

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

Number of returns [1] 35
Number of joint returns 27
Number of returns with paid preparer's signature 31
Number of exemptions 84
Number of dependents 12
Adjust gross income (AGI) [2] $7,301,886
Salaries and wages $3,700,654
Taxable interest $128,215
Ordinary dividends $30,255
Business or professional net income (less loss) $0
Net capital gain (less loss) $0
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $0
Unemployment compensation [3] $0
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $898,920
State and local income taxes $215,616
State and local general sales tax $0
Real estate taxes $57,679
Taxes paid $282,390
Mortgage interest paid $194,195
Contributions $53,052
Taxable income $6,071,129
Total tax credits [5] $0
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 $0
Income tax [8] $1,259,920
Total tax liability [9] $1,283,043
Tax due at time of filing [10] $0
Overpayments refunded [11] ($99,371)

[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.