Home » Ohio » FRANKLIN County » ZIP Code 43017 » Tax Stats

43017 Income Tax Overview

Total Number of Tax Returns for ZIP Code 43017 [1]	18,980
Total Number of Joint Tax Returns for ZIP Code 43017	8,042
Total Number of Dependents for ZIP Code 43017	7,032
Total Adjusted Gross Income for ZIP Code 43017	1,830,462,422
Average Income per Person for ZIP Code 43017	$48,649

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]	3,553
Number of joint returns	174
Number of returns with paid preparer's signature	1,455
Number of exemptions	1,811
Number of dependents	232
Adjust gross income (AGI) [2]	$10,093,086
Salaries and wages	$14,660,105
Taxable interest	$2,577,333
Ordinary dividends	$1,819,025
Business or professional net income (less loss)	($1,253,930)
Net capital gain (less loss)	$456,910
Taxable individual retirement arrangements distributions	$838,816
Taxable pensions and annuities	$862,462
Unemployment compensation [3]	$99,744
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,238,214
State and local income taxes	$668,307
State and local general sales tax	$22,436
Real estate taxes	$1,425,934
Taxes paid	$2,125,641
Mortgage interest paid	$2,360,459
Contributions	$65,786
Taxable income	$1,439,467
Total tax credits [5]	$9,195
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$367,967
Excess earned income credit (refundable) [7]	$305,584
Alternative minimum tax	$0
Income tax [8]	$129,070
Total tax liability [9]	$545,461
Tax due at time of filing [10]	$217,480
Overpayments refunded [11]	($2,178,399)

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

Number of returns [1]	2,293
Number of joint returns	299
Number of returns with paid preparer's signature	963
Number of exemptions	3,414
Number of dependents	527
Adjust gross income (AGI) [2]	$39,702,496
Salaries and wages	$31,321,882
Taxable interest	$1,085,659
Ordinary dividends	$1,301,470
Business or professional net income (less loss)	$2,950,443
Net capital gain (less loss)	$96,021
Taxable individual retirement arrangements distributions	$1,056,571
Taxable pensions and annuities	$2,675,130
Unemployment compensation [3]	$372,424
Taxable Social Security benefits	$268,195
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,899,503
State and local income taxes	$352,596
State and local general sales tax	$66,917
Real estate taxes	$1,164,533
Taxes paid	$1,594,232
Mortgage interest paid	$1,856,101
Contributions	$350,228
Taxable income	$13,839,209
Total tax credits [5]	$254,382
Residential energy tax credit	$0
Child tax credit	$51,765
Child and dependent care credit	$11,716
Earned income credit [6]	$1,170,998
Excess earned income credit (refundable) [7]	$986,542
Alternative minimum tax	$0
Income tax [8]	$1,253,434
Total tax liability [9]	$1,794,335
Tax due at time of filing [10]	$272,997
Overpayments refunded [11]	($3,498,519)

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

Number of returns [1]	3,200
Number of joint returns	665
Number of returns with paid preparer's signature	1,344
Number of exemptions	5,498
Number of dependents	875
Adjust gross income (AGI) [2]	$117,901,656
Salaries and wages	$97,994,718
Taxable interest	$2,543,172
Ordinary dividends	$2,284,106
Business or professional net income (less loss)	$4,122,269
Net capital gain (less loss)	$953,709
Taxable individual retirement arrangements distributions	$2,377,433
Taxable pensions and annuities	$7,719,903
Unemployment compensation [3]	$670,912
Taxable Social Security benefits	$2,452,944
Self-employment retirement plans	$105,493
Total itemized deductions [4]	$18,416,298
State and local income taxes	$2,327,480
State and local general sales tax	$137,108
Real estate taxes	$3,326,032
Taxes paid	$5,840,345
Mortgage interest paid	$6,591,082
Contributions	$1,490,417
Taxable income	$67,561,570
Total tax credits [5]	$1,080,958
Residential energy tax credit	$0
Child tax credit	$600,446
Child and dependent care credit	$63,235
Earned income credit [6]	$349,238
Excess earned income credit (refundable) [7]	$261,330
Alternative minimum tax	$0
Income tax [8]	$7,695,629
Total tax liability [9]	$8,598,032
Tax due at time of filing [10]	$681,540
Overpayments refunded [11]	($5,986,965)

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

Number of returns [1]	2,409
Number of joint returns	971
Number of returns with paid preparer's signature	1,191
Number of exemptions	4,975
Number of dependents	917
Adjust gross income (AGI) [2]	$149,774,066
Salaries and wages	$116,823,764
Taxable interest	$3,287,931
Ordinary dividends	$3,884,428
Business or professional net income (less loss)	$5,178,788
Net capital gain (less loss)	$494,497
Taxable individual retirement arrangements distributions	$4,068,432
Taxable pensions and annuities	$11,256,425
Unemployment compensation [3]	$387,668
Taxable Social Security benefits	$4,978,771
Self-employment retirement plans	$317,533
Total itemized deductions [4]	$29,453,804
State and local income taxes	$5,387,874
State and local general sales tax	$104,569
Real estate taxes	$5,888,270
Taxes paid	$11,450,561
Mortgage interest paid	$10,550,957
Contributions	$2,603,681
Taxable income	$96,521,010
Total tax credits [5]	$1,377,439
Residential energy tax credit	$0
Child tax credit	$1,010,558
Child and dependent care credit	$59,521
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$30,436
Income tax [8]	$13,104,733
Total tax liability [9]	$14,125,364
Tax due at time of filing [10]	$951,452
Overpayments refunded [11]	($5,655,087)

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

Number of returns [1]	1,836
Number of joint returns	1,115
Number of returns with paid preparer's signature	918
Number of exemptions	4,544
Number of dependents	879
Adjust gross income (AGI) [2]	$159,296,874
Salaries and wages	$123,758,974
Taxable interest	$2,875,502
Ordinary dividends	$3,124,982
Business or professional net income (less loss)	$6,955,277
Net capital gain (less loss)	$685,556
Taxable individual retirement arrangements distributions	$5,423,997
Taxable pensions and annuities	$11,318,033
Unemployment compensation [3]	$308,902
Taxable Social Security benefits	$4,624,822
Self-employment retirement plans	$496,854
Total itemized deductions [4]	$33,673,781
State and local income taxes	$7,620,109
State and local general sales tax	$43,382
Real estate taxes	$6,778,011
Taxes paid	$14,502,766
Mortgage interest paid	$12,388,714
Contributions	$3,144,126
Taxable income	$106,985,991
Total tax credits [5]	$1,521,386
Residential energy tax credit	$0
Child tax credit	$1,033,014
Child and dependent care credit	$80,773
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$70,808
Income tax [8]	$15,273,580
Total tax liability [9]	$16,542,235
Tax due at time of filing [10]	$1,133,491
Overpayments refunded [11]	($5,609,510)

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

Number of returns [1]	3,684
Number of joint returns	2,995
Number of returns with paid preparer's signature	1,811
Number of exemptions	11,156
Number of dependents	2,253
Adjust gross income (AGI) [2]	$511,698,471
Salaries and wages	$411,739,114
Taxable interest	$8,604,937
Ordinary dividends	$11,533,969
Business or professional net income (less loss)	$22,171,363
Net capital gain (less loss)	$4,087,897
Taxable individual retirement arrangements distributions	$11,089,247
Taxable pensions and annuities	$24,470,741
Unemployment compensation [3]	$433,636
Taxable Social Security benefits	$8,137,934
Self-employment retirement plans	$2,814,497
Total itemized deductions [4]	$106,217,954
State and local income taxes	$31,482,451
State and local general sales tax	$84,949
Real estate taxes	$20,705,044
Taxes paid	$52,631,861
Mortgage interest paid	$36,882,711
Contributions	$10,703,034
Taxable income	$365,233,383
Total tax credits [5]	$1,907,973
Residential energy tax credit	$21,037
Child tax credit	$1,260,432
Child and dependent care credit	$197,682
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,220,438
Income tax [8]	$65,861,758
Total tax liability [9]	$69,957,610
Tax due at time of filing [10]	$4,056,564
Overpayments refunded [11]	($13,541,628)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	2,005
Number of joint returns	1,823
Number of returns with paid preparer's signature	1,420
Number of exemptions	6,716
Number of dependents	1,349
Adjust gross income (AGI) [2]	$841,995,773
Salaries and wages	$550,202,778
Taxable interest	$16,138,329
Ordinary dividends	$26,218,466
Business or professional net income (less loss)	$43,640,664
Net capital gain (less loss)	$62,937,735
Taxable individual retirement arrangements distributions	$9,551,651
Taxable pensions and annuities	$12,453,804
Unemployment compensation [3]	$159,511
Taxable Social Security benefits	$3,176,242
Self-employment retirement plans	$7,276,095
Total itemized deductions [4]	$137,393,629
State and local income taxes	$66,588,785
State and local general sales tax	$0
Real estate taxes	$19,265,942
Taxes paid	$86,323,663
Mortgage interest paid	$32,740,239
Contributions	$16,942,424
Taxable income	$685,464,058
Total tax credits [5]	$1,954,590
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$71,406
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$14,096,123
Income tax [8]	$187,725,437
Total tax liability [9]	$193,563,053
Tax due at time of filing [10]	$14,284,869
Overpayments refunded [11]	($13,161,253)

[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.