Home » Tennessee » ANDERSON County » ZIP Code 37716 » Tax Stats

37716 Income Tax Overview

Total Number of Tax Returns for ZIP Code 37716 [1]	10,867
Total Number of Joint Tax Returns for ZIP Code 37716	4,948
Total Number of Dependents for ZIP Code 37716	3,763
Total Adjusted Gross Income for ZIP Code 37716	474,654,914
Average Income per Person for ZIP Code 37716	$18,434

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]	2,060
Number of joint returns	269
Number of returns with paid preparer's signature	873
Number of exemptions	2,309
Number of dependents	392
Adjust gross income (AGI) [2]	$8,811,805
Salaries and wages	$8,920,164
Taxable interest	$645,165
Ordinary dividends	$106,251
Business or professional net income (less loss)	$434,760
Net capital gain (less loss)	($41,276)
Taxable individual retirement arrangements distributions	$117,709
Taxable pensions and annuities	$888,117
Unemployment compensation [3]	$188,922
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,068,954
State and local income taxes	$0
State and local general sales tax	$19,436
Real estate taxes	$48,497
Taxes paid	$110,829
Mortgage interest paid	$412,413
Contributions	$20,545
Taxable income	$453,079
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$851,895
Excess earned income credit (refundable) [7]	$727,794
Alternative minimum tax	$0
Income tax [8]	$43,757
Total tax liability [9]	$318,267
Tax due at time of filing [10]	$54,618
Overpayments refunded [11]	($1,553,946)

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

Number of returns [1]	2,656
Number of joint returns	662
Number of returns with paid preparer's signature	1,404
Number of exemptions	4,686
Number of dependents	884
Adjust gross income (AGI) [2]	$45,520,150
Salaries and wages	$33,707,548
Taxable interest	$1,516,816
Ordinary dividends	$337,401
Business or professional net income (less loss)	$3,196,995
Net capital gain (less loss)	$89,890
Taxable individual retirement arrangements distributions	$1,081,418
Taxable pensions and annuities	$5,500,360
Unemployment compensation [3]	$507,947
Taxable Social Security benefits	$220,591
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,678,783
State and local income taxes	$23,614
State and local general sales tax	$149,699
Real estate taxes	$167,186
Taxes paid	$342,936
Mortgage interest paid	$712,820
Contributions	$331,326
Taxable income	$12,285,473
Total tax credits [5]	$173,333
Residential energy tax credit	$0
Child tax credit	$75,401
Child and dependent care credit	$12,469
Earned income credit [6]	$2,720,639
Excess earned income credit (refundable) [7]	$2,356,199
Alternative minimum tax	$0
Income tax [8]	$1,156,689
Total tax liability [9]	$1,696,068
Tax due at time of filing [10]	$156,964
Overpayments refunded [11]	($5,540,039)

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

Number of returns [1]	2,747
Number of joint returns	1,192
Number of returns with paid preparer's signature	1,460
Number of exemptions	5,616
Number of dependents	994
Adjust gross income (AGI) [2]	$98,991,336
Salaries and wages	$80,495,115
Taxable interest	$2,268,465
Ordinary dividends	$523,541
Business or professional net income (less loss)	$2,367,681
Net capital gain (less loss)	$122,029
Taxable individual retirement arrangements distributions	$1,698,186
Taxable pensions and annuities	$8,701,730
Unemployment compensation [3]	$464,479
Taxable Social Security benefits	$2,924,155
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,177,176
State and local income taxes	$80,324
State and local general sales tax	$543,184
Real estate taxes	$470,111
Taxes paid	$1,105,602
Mortgage interest paid	$2,816,571
Contributions	$873,167
Taxable income	$52,852,559
Total tax credits [5]	$959,355
Residential energy tax credit	$0
Child tax credit	$706,357
Child and dependent care credit	$43,715
Earned income credit [6]	$665,262
Excess earned income credit (refundable) [7]	$549,886
Alternative minimum tax	$0
Income tax [8]	$5,591,009
Total tax liability [9]	$6,178,921
Tax due at time of filing [10]	$457,648
Overpayments refunded [11]	($5,942,911)

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

Number of returns [1]	1,586
Number of joint returns	1,196
Number of returns with paid preparer's signature	862
Number of exemptions	4,013
Number of dependents	697
Adjust gross income (AGI) [2]	$97,822,857
Salaries and wages	$77,258,691
Taxable interest	$1,966,678
Ordinary dividends	$548,907
Business or professional net income (less loss)	$1,351,102
Net capital gain (less loss)	$300,641
Taxable individual retirement arrangements distributions	$2,175,594
Taxable pensions and annuities	$9,315,522
Unemployment compensation [3]	$335,159
Taxable Social Security benefits	$4,833,094
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,644,863
State and local income taxes	$99,537
State and local general sales tax	$844,829
Real estate taxes	$617,399
Taxes paid	$1,589,070
Mortgage interest paid	$3,626,184
Contributions	$1,353,225
Taxable income	$63,619,424
Total tax credits [5]	$1,091,154
Residential energy tax credit	$0
Child tax credit	$876,657
Child and dependent care credit	$47,992
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,707,373
Total tax liability [9]	$8,178,508
Tax due at time of filing [10]	$495,605
Overpayments refunded [11]	($3,593,306)

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

Number of returns [1]	871
Number of joint returns	760
Number of returns with paid preparer's signature	454
Number of exemptions	2,309
Number of dependents	386
Adjust gross income (AGI) [2]	$75,286,772
Salaries and wages	$59,229,014
Taxable interest	$1,427,083
Ordinary dividends	$505,289
Business or professional net income (less loss)	$720,492
Net capital gain (less loss)	$457,759
Taxable individual retirement arrangements distributions	$1,930,514
Taxable pensions and annuities	$7,612,231
Unemployment compensation [3]	$176,063
Taxable Social Security benefits	$3,466,756
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,948,592
State and local income taxes	$126,390
State and local general sales tax	$817,505
Real estate taxes	$590,116
Taxes paid	$1,556,610
Mortgage interest paid	$3,496,366
Contributions	$1,576,087
Taxable income	$54,171,518
Total tax credits [5]	$615,482
Residential energy tax credit	$0
Child tax credit	$472,564
Child and dependent care credit	$38,642
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,284,704
Total tax liability [9]	$7,562,892
Tax due at time of filing [10]	$353,749
Overpayments refunded [11]	($2,366,942)

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

Number of returns [1]	847
Number of joint returns	783
Number of returns with paid preparer's signature	440
Number of exemptions	2,270
Number of dependents	364
Adjust gross income (AGI) [2]	$108,815,355
Salaries and wages	$82,742,149
Taxable interest	$2,490,361
Ordinary dividends	$1,276,759
Business or professional net income (less loss)	$3,521,328
Net capital gain (less loss)	$1,167,845
Taxable individual retirement arrangements distributions	$2,357,928
Taxable pensions and annuities	$10,794,146
Unemployment compensation [3]	$119,624
Taxable Social Security benefits	$3,490,434
Self-employment retirement plans	$253,717
Total itemized deductions [4]	$12,150,812
State and local income taxes	$288,697
State and local general sales tax	$1,407,124
Real estate taxes	$1,006,522
Taxes paid	$2,734,895
Mortgage interest paid	$5,149,829
Contributions	$2,879,143
Taxable income	$84,931,923
Total tax credits [5]	$323,720
Residential energy tax credit	$0
Child tax credit	$231,373
Child and dependent care credit	$34,499
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$29,759
Income tax [8]	$14,879,239
Total tax liability [9]	$15,566,245
Tax due at time of filing [10]	$1,087,021
Overpayments refunded [11]	($2,202,466)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	100
Number of joint returns	86
Number of returns with paid preparer's signature	76
Number of exemptions	273
Number of dependents	46
Adjust gross income (AGI) [2]	$39,406,639
Salaries and wages	$16,977,369
Taxable interest	$1,084,799
Ordinary dividends	$661,446
Business or professional net income (less loss)	$3,020,561
Net capital gain (less loss)	$5,359,506
Taxable individual retirement arrangements distributions	$273,183
Taxable pensions and annuities	$1,903,967
Unemployment compensation [3]	$0
Taxable Social Security benefits	$464,960
Self-employment retirement plans	$424,921
Total itemized deductions [4]	$3,314,218
State and local income taxes	$47,496
State and local general sales tax	$308,107
Real estate taxes	$221,332
Taxes paid	$581,503
Mortgage interest paid	$992,832
Contributions	$1,297,244
Taxable income	$35,079,760
Total tax credits [5]	$32,099
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	$118,159
Income tax [8]	$8,283,317
Total tax liability [9]	$8,860,315
Tax due at time of filing [10]	$1,316,822
Overpayments refunded [11]	($323,578)

[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.