Home » Ohio » UNION County » ZIP Code 43067 » Tax Stats

43067 Income Tax Overview

Total Number of Tax Returns for ZIP Code 43067 [1]	775
Total Number of Joint Tax Returns for ZIP Code 43067	366
Total Number of Dependents for ZIP Code 43067	282
Total Adjusted Gross Income for ZIP Code 43067	37,553,250
Average Income per Person for ZIP Code 43067	$23,604

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]	131
Number of joint returns	13
Number of returns with paid preparer's signature	56
Number of exemptions	113
Number of dependents	12
Adjust gross income (AGI) [2]	$414,138
Salaries and wages	$641,964
Taxable interest	$29,389
Ordinary dividends	$14,218
Business or professional net income (less loss)	($113,203)
Net capital gain (less loss)	($981)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$45,551
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	$48,900
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$23,370
Excess earned income credit (refundable) [7]	$20,172
Alternative minimum tax	$0
Income tax [8]	$4,840
Total tax liability [9]	$9,459
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($88,162)

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

Number of returns [1]	146
Number of joint returns	34
Number of returns with paid preparer's signature	75
Number of exemptions	232
Number of dependents	38
Adjust gross income (AGI) [2]	$2,574,513
Salaries and wages	$1,994,965
Taxable interest	$59,370
Ordinary dividends	$7,381
Business or professional net income (less loss)	$90,809
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$82,012
Taxable pensions and annuities	$443,594
Unemployment compensation [3]	$92,021
Taxable Social Security benefits	$17,160
Self-employment retirement plans	$0
Total itemized deductions [4]	$370,746
State and local income taxes	$10,775
State and local general sales tax	$0
Real estate taxes	$20,084
Taxes paid	$36,089
Mortgage interest paid	$110,338
Contributions	$0
Taxable income	$822,833
Total tax credits [5]	$10,905
Residential energy tax credit	$0
Child tax credit	$4,580
Child and dependent care credit	$0
Earned income credit [6]	$118,873
Excess earned income credit (refundable) [7]	$106,850
Alternative minimum tax	$0
Income tax [8]	$81,271
Total tax liability [9]	$106,066
Tax due at time of filing [10]	$16,624
Overpayments refunded [11]	($282,797)

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

Number of returns [1]	181
Number of joint returns	81
Number of returns with paid preparer's signature	107
Number of exemptions	387
Number of dependents	70
Adjust gross income (AGI) [2]	$6,677,185
Salaries and wages	$5,803,488
Taxable interest	$54,030
Ordinary dividends	$10,233
Business or professional net income (less loss)	$111,852
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$108,475
Taxable pensions and annuities	$631,434
Unemployment compensation [3]	$71,903
Taxable Social Security benefits	$73,566
Self-employment retirement plans	$0
Total itemized deductions [4]	$437,674
State and local income taxes	$58,218
State and local general sales tax	$0
Real estate taxes	$57,669
Taxes paid	$116,435
Mortgage interest paid	$208,901
Contributions	$38,015
Taxable income	$3,594,706
Total tax credits [5]	$71,583
Residential energy tax credit	$0
Child tax credit	$53,320
Child and dependent care credit	$9,223
Earned income credit [6]	$38,151
Excess earned income credit (refundable) [7]	$34,928
Alternative minimum tax	$0
Income tax [8]	$378,268
Total tax liability [9]	$430,170
Tax due at time of filing [10]	$32,286
Overpayments refunded [11]	($465,048)

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

Number of returns [1]	140
Number of joint returns	79
Number of returns with paid preparer's signature	89
Number of exemptions	322
Number of dependents	60
Adjust gross income (AGI) [2]	$8,612,271
Salaries and wages	$7,484,911
Taxable interest	$62,821
Ordinary dividends	$13,325
Business or professional net income (less loss)	$32,131
Net capital gain (less loss)	$21,523
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$558,316
Unemployment compensation [3]	$0
Taxable Social Security benefits	$337,443
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,071,484
State and local income taxes	$183,608
State and local general sales tax	$0
Real estate taxes	$128,819
Taxes paid	$313,854
Mortgage interest paid	$473,506
Contributions	$71,880
Taxable income	$5,750,345
Total tax credits [5]	$86,176
Residential energy tax credit	$0
Child tax credit	$69,940
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]	$754,169
Total tax liability [9]	$793,808
Tax due at time of filing [10]	$33,478
Overpayments refunded [11]	($364,141)

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

Number of returns [1]	97
Number of joint returns	84
Number of returns with paid preparer's signature	59
Number of exemptions	287
Number of dependents	54
Adjust gross income (AGI) [2]	$8,448,789
Salaries and wages	$7,702,454
Taxable interest	$32,100
Ordinary dividends	$12,241
Business or professional net income (less loss)	$95,836
Net capital gain (less loss)	($7,303)
Taxable individual retirement arrangements distributions	$148,368
Taxable pensions and annuities	$388,554
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,221,498
State and local income taxes	$257,138
State and local general sales tax	$0
Real estate taxes	$173,383
Taxes paid	$433,167
Mortgage interest paid	$589,505
Contributions	$126,988
Taxable income	$5,891,149
Total tax credits [5]	$95,818
Residential energy tax credit	$0
Child tax credit	$76,854
Child and dependent care credit	$7,613
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$770,279
Total tax liability [9]	$833,334
Tax due at time of filing [10]	$68,672
Overpayments refunded [11]	($359,258)

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

Number of returns [1]	80
Number of joint returns	75
Number of returns with paid preparer's signature	46
Number of exemptions	248
Number of dependents	48
Adjust gross income (AGI) [2]	$10,826,354
Salaries and wages	$8,842,193
Taxable interest	$28,150
Ordinary dividends	$30,295
Business or professional net income (less loss)	$250,248
Net capital gain (less loss)	($10,949)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$545,867
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,605,134
State and local income taxes	$560,292
State and local general sales tax	$0
Real estate taxes	$199,975
Taxes paid	$832,868
Mortgage interest paid	$620,022
Contributions	$127,136
Taxable income	$7,762,869
Total tax credits [5]	$52,917
Residential energy tax credit	$0
Child tax credit	$41,250
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]	$1,389,115
Total tax liability [9]	$1,453,991
Tax due at time of filing [10]	$38,401
Overpayments refunded [11]	($265,540)

[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.