Home » Tennessee » BLOUNT County » ZIP Code 37804 » Tax Stats

37804 Income Tax Overview

Total Number of Tax Returns for ZIP Code 37804 [1]	10,359
Total Number of Joint Tax Returns for ZIP Code 37804	4,744
Total Number of Dependents for ZIP Code 37804	3,680
Total Adjusted Gross Income for ZIP Code 37804	444,544,795
Average Income per Person for ZIP Code 37804	$18,011

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]	1,878
Number of joint returns	215
Number of returns with paid preparer's signature	842
Number of exemptions	1,972
Number of dependents	306
Adjust gross income (AGI) [2]	$7,868,811
Salaries and wages	$7,672,200
Taxable interest	$385,063
Ordinary dividends	$147,413
Business or professional net income (less loss)	$150,107
Net capital gain (less loss)	($30,372)
Taxable individual retirement arrangements distributions	$294,938
Taxable pensions and annuities	$878,083
Unemployment compensation [3]	$110,998
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,127,666
State and local income taxes	$0
State and local general sales tax	$40,991
Real estate taxes	$103,582
Taxes paid	$152,484
Mortgage interest paid	$524,861
Contributions	$40,778
Taxable income	$383,021
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$681,814
Excess earned income credit (refundable) [7]	$591,896
Alternative minimum tax	$0
Income tax [8]	$37,435
Total tax liability [9]	$201,549
Tax due at time of filing [10]	$39,937
Overpayments refunded [11]	($1,367,719)

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

Number of returns [1]	2,603
Number of joint returns	663
Number of returns with paid preparer's signature	1,396
Number of exemptions	4,591
Number of dependents	823
Adjust gross income (AGI) [2]	$45,093,417
Salaries and wages	$33,302,310
Taxable interest	$1,469,231
Ordinary dividends	$396,203
Business or professional net income (less loss)	$2,690,517
Net capital gain (less loss)	$55,437
Taxable individual retirement arrangements distributions	$1,261,223
Taxable pensions and annuities	$5,593,328
Unemployment compensation [3]	$724,100
Taxable Social Security benefits	$226,606
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,752,634
State and local income taxes	$21,629
State and local general sales tax	$209,854
Real estate taxes	$240,548
Taxes paid	$469,982
Mortgage interest paid	$1,079,007
Contributions	$407,982
Taxable income	$12,211,772
Total tax credits [5]	$156,703
Residential energy tax credit	$0
Child tax credit	$64,719
Child and dependent care credit	$11,700
Earned income credit [6]	$2,235,319
Excess earned income credit (refundable) [7]	$1,965,001
Alternative minimum tax	$0
Income tax [8]	$1,174,538
Total tax liability [9]	$1,629,177
Tax due at time of filing [10]	$183,590
Overpayments refunded [11]	($4,934,373)

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

Number of returns [1]	2,640
Number of joint returns	1,192
Number of returns with paid preparer's signature	1,363
Number of exemptions	5,583
Number of dependents	987
Adjust gross income (AGI) [2]	$95,642,661
Salaries and wages	$75,429,058
Taxable interest	$2,133,658
Ordinary dividends	$631,914
Business or professional net income (less loss)	$2,700,693
Net capital gain (less loss)	$309,846
Taxable individual retirement arrangements distributions	$1,797,877
Taxable pensions and annuities	$9,906,660
Unemployment compensation [3]	$710,531
Taxable Social Security benefits	$2,909,201
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,998,230
State and local income taxes	$79,050
State and local general sales tax	$718,350
Real estate taxes	$712,580
Taxes paid	$1,531,085
Mortgage interest paid	$4,179,866
Contributions	$1,307,642
Taxable income	$49,494,054
Total tax credits [5]	$994,789
Residential energy tax credit	$0
Child tax credit	$690,254
Child and dependent care credit	$84,042
Earned income credit [6]	$656,275
Excess earned income credit (refundable) [7]	$522,454
Alternative minimum tax	$0
Income tax [8]	$5,082,796
Total tax liability [9]	$5,665,310
Tax due at time of filing [10]	$375,447
Overpayments refunded [11]	($5,775,772)

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

Number of returns [1]	1,588
Number of joint returns	1,194
Number of returns with paid preparer's signature	844
Number of exemptions	4,077
Number of dependents	737
Adjust gross income (AGI) [2]	$97,180,217
Salaries and wages	$76,093,668
Taxable interest	$1,950,078
Ordinary dividends	$730,742
Business or professional net income (less loss)	$2,370,637
Net capital gain (less loss)	$302,420
Taxable individual retirement arrangements distributions	$2,035,886
Taxable pensions and annuities	$9,559,665
Unemployment compensation [3]	$338,598
Taxable Social Security benefits	$4,419,734
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,984,379
State and local income taxes	$118,662
State and local general sales tax	$918,706
Real estate taxes	$804,314
Taxes paid	$1,856,738
Mortgage interest paid	$5,119,482
Contributions	$1,692,908
Taxable income	$61,744,059
Total tax credits [5]	$1,181,155
Residential energy tax credit	$0
Child tax credit	$940,344
Child and dependent care credit	$80,508
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,268,388
Total tax liability [9]	$7,792,470
Tax due at time of filing [10]	$610,204
Overpayments refunded [11]	($3,608,010)

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

Number of returns [1]	905
Number of joint returns	811
Number of returns with paid preparer's signature	468
Number of exemptions	2,531
Number of dependents	464
Adjust gross income (AGI) [2]	$77,823,634
Salaries and wages	$62,346,117
Taxable interest	$1,408,749
Ordinary dividends	$514,407
Business or professional net income (less loss)	$1,449,550
Net capital gain (less loss)	$552,527
Taxable individual retirement arrangements distributions	$2,333,966
Taxable pensions and annuities	$6,653,211
Unemployment compensation [3]	$149,889
Taxable Social Security benefits	$2,613,984
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,878,790
State and local income taxes	$123,989
State and local general sales tax	$816,301
Real estate taxes	$664,714
Taxes paid	$1,632,078
Mortgage interest paid	$4,131,706
Contributions	$1,776,449
Taxable income	$54,879,546
Total tax credits [5]	$783,675
Residential energy tax credit	$0
Child tax credit	$582,298
Child and dependent care credit	$63,143
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$16,546
Income tax [8]	$7,098,274
Total tax liability [9]	$7,512,676
Tax due at time of filing [10]	$372,411
Overpayments refunded [11]	($2,349,535)

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

Number of returns [1]	651
Number of joint returns	585
Number of returns with paid preparer's signature	353
Number of exemptions	1,839
Number of dependents	332
Adjust gross income (AGI) [2]	$82,103,860
Salaries and wages	$61,456,502
Taxable interest	$1,770,360
Ordinary dividends	$923,389
Business or professional net income (less loss)	$2,615,944
Net capital gain (less loss)	$1,740,014
Taxable individual retirement arrangements distributions	$1,488,590
Taxable pensions and annuities	$8,120,493
Unemployment compensation [3]	$102,469
Taxable Social Security benefits	$2,463,226
Self-employment retirement plans	$355,820
Total itemized deductions [4]	$9,666,098
State and local income taxes	$167,746
State and local general sales tax	$1,033,595
Real estate taxes	$804,340
Taxes paid	$2,026,456
Mortgage interest paid	$4,139,164
Contributions	$2,358,547
Taxable income	$63,516,466
Total tax credits [5]	$342,249
Residential energy tax credit	$0
Child tax credit	$256,350
Child and dependent care credit	$43,968
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$10,879,311
Total tax liability [9]	$11,392,736
Tax due at time of filing [10]	$1,138,304
Overpayments refunded [11]	($1,637,642)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	94
Number of joint returns	84
Number of returns with paid preparer's signature	68
Number of exemptions	244
Number of dependents	31
Adjust gross income (AGI) [2]	$38,832,195
Salaries and wages	$16,954,771
Taxable interest	$738,498
Ordinary dividends	$532,953
Business or professional net income (less loss)	$2,596,246
Net capital gain (less loss)	$2,565,823
Taxable individual retirement arrangements distributions	$288,029
Taxable pensions and annuities	$1,627,113
Unemployment compensation [3]	$0
Taxable Social Security benefits	$488,910
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,904,093
State and local income taxes	$76,406
State and local general sales tax	$272,288
Real estate taxes	$226,790
Taxes paid	$825,991
Mortgage interest paid	$918,524
Contributions	$2,015,772
Taxable income	$33,994,178
Total tax credits [5]	$31,732
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	$48,272
Income tax [8]	$9,083,770
Total tax liability [9]	$9,516,318
Tax due at time of filing [10]	$1,164,784
Overpayments refunded [11]	($403,742)

[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.