Home » Missouri » CLAY County » ZIP Code 64118 » Tax Stats

64118 Income Tax Overview

Total Number of Tax Returns for ZIP Code 64118 [1]	19,706
Total Number of Joint Tax Returns for ZIP Code 64118	6,915
Total Number of Dependents for ZIP Code 64118	6,166
Total Adjusted Gross Income for ZIP Code 64118	866,659,167
Average Income per Person for ZIP Code 64118	$21,564

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]	3,132
Number of joint returns	228
Number of returns with paid preparer's signature	1,426
Number of exemptions	3,020
Number of dependents	446
Adjust gross income (AGI) [2]	$14,127,032
Salaries and wages	$13,028,027
Taxable interest	$737,532
Ordinary dividends	$305,834
Business or professional net income (less loss)	$603,507
Net capital gain (less loss)	$34,218
Taxable individual retirement arrangements distributions	$547,468
Taxable pensions and annuities	$1,301,237
Unemployment compensation [3]	$179,228
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,068,493
State and local income taxes	$75,509
State and local general sales tax	$31,265
Real estate taxes	$294,561
Taxes paid	$438,572
Mortgage interest paid	$693,690
Contributions	$71,748
Taxable income	$758,972
Total tax credits [5]	$1,144
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,043,175
Excess earned income credit (refundable) [7]	$947,579
Alternative minimum tax	$0
Income tax [8]	$72,633
Total tax liability [9]	$274,946
Tax due at time of filing [10]	$61,079
Overpayments refunded [11]	($2,112,420)

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

Number of returns [1]	4,471
Number of joint returns	689
Number of returns with paid preparer's signature	2,416
Number of exemptions	7,231
Number of dependents	1,337
Adjust gross income (AGI) [2]	$78,409,841
Salaries and wages	$60,661,978
Taxable interest	$2,062,539
Ordinary dividends	$777,996
Business or professional net income (less loss)	$3,729,645
Net capital gain (less loss)	($96,806)
Taxable individual retirement arrangements distributions	$2,343,193
Taxable pensions and annuities	$8,246,920
Unemployment compensation [3]	$970,352
Taxable Social Security benefits	$440,168
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,659,378
State and local income taxes	$227,163
State and local general sales tax	$147,289
Real estate taxes	$897,061
Taxes paid	$1,408,166
Mortgage interest paid	$2,117,836
Contributions	$568,798
Taxable income	$23,938,001
Total tax credits [5]	$426,100
Residential energy tax credit	$0
Child tax credit	$160,606
Child and dependent care credit	$35,714
Earned income credit [6]	$3,848,770
Excess earned income credit (refundable) [7]	$3,494,133
Alternative minimum tax	$0
Income tax [8]	$2,176,965
Total tax liability [9]	$2,806,430
Tax due at time of filing [10]	$283,330
Overpayments refunded [11]	($8,667,715)

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

Number of returns [1]	5,601
Number of joint returns	1,461
Number of returns with paid preparer's signature	2,973
Number of exemptions	9,957
Number of dependents	1,709
Adjust gross income (AGI) [2]	$202,588,317
Salaries and wages	$169,489,365
Taxable interest	$3,121,334
Ordinary dividends	$1,343,510
Business or professional net income (less loss)	$3,435,045
Net capital gain (less loss)	$157,998
Taxable individual retirement arrangements distributions	$4,071,588
Taxable pensions and annuities	$15,744,952
Unemployment compensation [3]	$1,236,521
Taxable Social Security benefits	$5,093,652
Self-employment retirement plans	$83,421
Total itemized deductions [4]	$21,866,182
State and local income taxes	$2,558,965
State and local general sales tax	$197,197
Real estate taxes	$2,924,968
Taxes paid	$6,216,305
Mortgage interest paid	$8,791,471
Contributions	$1,849,178
Taxable income	$115,804,100
Total tax credits [5]	$1,939,971
Residential energy tax credit	$10,783
Child tax credit	$1,295,232
Child and dependent care credit	$146,337
Earned income credit [6]	$968,543
Excess earned income credit (refundable) [7]	$820,602
Alternative minimum tax	$0
Income tax [8]	$12,818,836
Total tax liability [9]	$13,678,189
Tax due at time of filing [10]	$753,383
Overpayments refunded [11]	($10,704,854)

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

Number of returns [1]	3,095
Number of joint returns	1,729
Number of returns with paid preparer's signature	1,757
Number of exemptions	6,894
Number of dependents	1,149
Adjust gross income (AGI) [2]	$190,426,781
Salaries and wages	$151,451,692
Taxable interest	$3,176,621
Ordinary dividends	$1,924,379
Business or professional net income (less loss)	$3,503,747
Net capital gain (less loss)	$382,780
Taxable individual retirement arrangements distributions	$4,668,707
Taxable pensions and annuities	$15,738,138
Unemployment compensation [3]	$813,265
Taxable Social Security benefits	$8,028,748
Self-employment retirement plans	$0
Total itemized deductions [4]	$28,295,906
State and local income taxes	$4,918,301
State and local general sales tax	$124,193
Real estate taxes	$3,616,776
Taxes paid	$9,448,708
Mortgage interest paid	$11,217,996
Contributions	$3,156,848
Taxable income	$125,005,337
Total tax credits [5]	$1,887,975
Residential energy tax credit	$0
Child tax credit	$1,428,688
Child and dependent care credit	$129,318
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$13,411
Income tax [8]	$16,127,696
Total tax liability [9]	$16,963,051
Tax due at time of filing [10]	$1,025,154
Overpayments refunded [11]	($6,695,004)

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

Number of returns [1]	1,854
Number of joint returns	1,433
Number of returns with paid preparer's signature	1,081
Number of exemptions	4,799
Number of dependents	811
Adjust gross income (AGI) [2]	$159,820,331
Salaries and wages	$129,212,425
Taxable interest	$2,504,227
Ordinary dividends	$1,213,087
Business or professional net income (less loss)	$3,527,179
Net capital gain (less loss)	$571,576
Taxable individual retirement arrangements distributions	$4,252,692
Taxable pensions and annuities	$12,715,360
Unemployment compensation [3]	$415,441
Taxable Social Security benefits	$4,820,197
Self-employment retirement plans	$53,861
Total itemized deductions [4]	$24,958,556
State and local income taxes	$5,745,803
State and local general sales tax	$33,455
Real estate taxes	$3,218,958
Taxes paid	$9,718,790
Mortgage interest paid	$9,714,953
Contributions	$2,957,111
Taxable income	$112,821,062
Total tax credits [5]	$1,469,783
Residential energy tax credit	$0
Child tax credit	$1,074,646
Child and dependent care credit	$96,545
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$15,476,747
Total tax liability [9]	$16,236,124
Tax due at time of filing [10]	$981,023
Overpayments refunded [11]	($4,637,500)

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

Number of returns [1]	1,434
Number of joint returns	1,275
Number of returns with paid preparer's signature	836
Number of exemptions	3,890
Number of dependents	659
Adjust gross income (AGI) [2]	$182,412,467
Salaries and wages	$147,448,397
Taxable interest	$2,527,045
Ordinary dividends	$1,817,158
Business or professional net income (less loss)	$3,705,034
Net capital gain (less loss)	$2,190,161
Taxable individual retirement arrangements distributions	$4,340,668
Taxable pensions and annuities	$12,059,232
Unemployment compensation [3]	$206,221
Taxable Social Security benefits	$3,816,408
Self-employment retirement plans	$478,370
Total itemized deductions [4]	$29,017,561
State and local income taxes	$8,341,634
State and local general sales tax	$32,921
Real estate taxes	$3,559,891
Taxes paid	$12,872,848
Mortgage interest paid	$9,392,120
Contributions	$4,152,164
Taxable income	$138,118,922
Total tax credits [5]	$637,583
Residential energy tax credit	$0
Child tax credit	$464,900
Child and dependent care credit	$77,952
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$43,649
Income tax [8]	$23,773,157
Total tax liability [9]	$24,526,308
Tax due at time of filing [10]	$1,762,709
Overpayments refunded [11]	($3,297,117)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	119
Number of joint returns	100
Number of returns with paid preparer's signature	90
Number of exemptions	322
Number of dependents	55
Adjust gross income (AGI) [2]	$38,874,398
Salaries and wages	$19,657,664
Taxable interest	$1,236,419
Ordinary dividends	$807,835
Business or professional net income (less loss)	$1,072,454
Net capital gain (less loss)	$6,886,875
Taxable individual retirement arrangements distributions	$384,132
Taxable pensions and annuities	$2,175,405
Unemployment compensation [3]	$0
Taxable Social Security benefits	$316,593
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,861,422
State and local income taxes	$1,864,898
State and local general sales tax	$0
Real estate taxes	$437,743
Taxes paid	$2,413,960
Mortgage interest paid	$888,593
Contributions	$1,115,565
Taxable income	$32,998,219
Total tax credits [5]	$11,138
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	$355,178
Income tax [8]	$7,850,624
Total tax liability [9]	$7,954,865
Tax due at time of filing [10]	$1,483,893
Overpayments refunded [11]	($293,070)

[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.