Home » Tennessee » BRADLEY County » ZIP Code 37364 » Tax Stats

37364 Income Tax Overview

Total Number of Tax Returns for ZIP Code 37364 [1]	339
Total Number of Joint Tax Returns for ZIP Code 37364	91
Total Number of Dependents for ZIP Code 37364	69
Total Adjusted Gross Income for ZIP Code 37364	13,069,469
Average Income per Person for ZIP Code 37364	$13,069,469

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]	149
Number of joint returns	0
Number of returns with paid preparer's signature	23
Number of exemptions	166
Number of dependents	0
Adjust gross income (AGI) [2]	$179,784
Salaries and wages	$247,433
Taxable interest	$7,569
Ordinary dividends	$0
Business or professional net income (less loss)	($78,531)
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	$0
Taxes paid	$0
Mortgage interest paid	$0
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]	$13,186
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$0
Total tax liability [9]	$0
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($21,679)

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

Number of returns [1]	61
Number of joint returns	20
Number of returns with paid preparer's signature	32
Number of exemptions	107
Number of dependents	29
Adjust gross income (AGI) [2]	$1,056,582
Salaries and wages	$762,563
Taxable interest	$26,119
Ordinary dividends	$14,541
Business or professional net income (less loss)	$167,241
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$185,350
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	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$311,256
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$41,182
Excess earned income credit (refundable) [7]	$37,286
Alternative minimum tax	$0
Income tax [8]	$30,925
Total tax liability [9]	$53,186
Tax due at time of filing [10]	$22,858
Overpayments refunded [11]	($89,717)

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

Number of returns [1]	54
Number of joint returns	17
Number of returns with paid preparer's signature	28
Number of exemptions	103
Number of dependents	26
Adjust gross income (AGI) [2]	$1,950,442
Salaries and wages	$1,601,221
Taxable interest	$56,560
Ordinary dividends	$0
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	$162,745
Self-employment retirement plans	$0
Total itemized deductions [4]	$241,901
State and local income taxes	$0
State and local general sales tax	$23,347
Real estate taxes	$25,932
Taxes paid	$50,926
Mortgage interest paid	$157,071
Contributions	$39,195
Taxable income	$1,069,281
Total tax credits [5]	$26,339
Residential energy tax credit	$0
Child tax credit	$18,100
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]	$113,122
Total tax liability [9]	$130,061
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($116,031)

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

Number of returns [1]	27
Number of joint returns	17
Number of returns with paid preparer's signature	22
Number of exemptions	57
Number of dependents	0
Adjust gross income (AGI) [2]	$1,694,637
Salaries and wages	$1,018,898
Taxable interest	$27,378
Ordinary dividends	$18,372
Business or professional net income (less loss)	$363,805
Net capital gain (less loss)	$218,478
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$176,093
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$571,695
State and local income taxes	$0
State and local general sales tax	$38,849
Real estate taxes	$70,135
Taxes paid	$115,646
Mortgage interest paid	$246,290
Contributions	$113,816
Taxable income	$983,636
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]	$129,367
Total tax liability [9]	$180,615
Tax due at time of filing [10]	$20,452
Overpayments refunded [11]	($103,535)

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

Number of returns [1]	18
Number of joint returns	11
Number of returns with paid preparer's signature	11
Number of exemptions	39
Number of dependents	14
Adjust gross income (AGI) [2]	$1,646,186
Salaries and wages	$816,793
Taxable interest	$8,027
Ordinary dividends	$0
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]	$0
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$1,243,295
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]	$189,418
Total tax liability [9]	$230,511
Tax due at time of filing [10]	$0
Overpayments refunded [11]	$0

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

Number of returns [1]	30
Number of joint returns	26
Number of returns with paid preparer's signature	24
Number of exemptions	71
Number of dependents	0
Adjust gross income (AGI) [2]	$6,541,838
Salaries and wages	$4,088,336
Taxable interest	$495,638
Ordinary dividends	$129,817
Business or professional net income (less loss)	$200,030
Net capital gain (less loss)	$38,647
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]	$692,600
State and local income taxes	$0
State and local general sales tax	$48,381
Real estate taxes	$59,844
Taxes paid	$128,037
Mortgage interest paid	$228,221
Contributions	$159,270
Taxable income	$5,491,181
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]	$1,298,408
Total tax liability [9]	$1,377,321
Tax due at time of filing [10]	$109,418
Overpayments refunded [11]	($31,771)

[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.