ZIP Code List & Demographics Database Download: Digital ZIP Code Database & Maps

1-800-425-1169
 

FREE ZIP Code Finder
Enter ZIP Code:

*Find Info on any U.S. ZIP Code
Find ZIP of Address
Address(U.S.):
Town/City:
State:
 

*Find the ZIP Code, county, and +4 of any U.S. Address
Other FREE Lookups
Town/City:
State:
County:
Area Code:
 

*Lookup ZIP Code of any city, state, county or area code
FREE Radius Search
Find all ZIP Codes

Between
And
of ZIP Code:
 

» Download the FREE Radius Finder Application

FREE Distance Calc
Calculate the distance between two U.S. or Canadian ZIP codes.

Start ZIP:
End ZIP:
 






Share |
ZIP Code 70403 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2008



70403 Income Tax Overview

Total Number of Tax Returns for ZIP Code 70403 [1] 9,362
Total Number of Joint Tax Returns for ZIP Code 70403 3,089
Total Number of Dependents for ZIP Code 70403 4,467
Total Adjusted Gross Income for ZIP Code 70403 407,956,540
Average Income per Person for ZIP Code 70403 $15,684

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] 1,710
Number of joint returns 135
Number of returns with paid preparer's signature 968
Number of exemptions 2,137
Number of dependents 516
Adjust gross income (AGI) [2] $7,949,998
Salaries and wages $8,162,131
Taxable interest $322,994
Ordinary dividends $78,951
Business or professional net income (less loss) $376,542
Net capital gain (less loss) ($170)
Taxable individual retirement arrangements distributions $225,884
Taxable pensions and annuities $639,780
Unemployment compensation [3] $76,948
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $929,585
State and local income taxes $32,843
State and local general sales tax $15,437
Real estate taxes $40,989
Taxes paid $91,951
Mortgage interest paid $406,229
Contributions $17,912
Taxable income $356,871
Total tax credits [5] $0
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $1,313,483
Excess earned income credit (refundable) [7] $1,134,444
Alternative minimum tax $0
Income tax [8] $35,593
Total tax liability [9] $290,048
Tax due at time of filing [10] $41,917
Overpayments refunded [11] ($1,931,699)

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

Number of returns [1] 2,916
Number of joint returns 334
Number of returns with paid preparer's signature 1,944
Number of exemptions 6,022
Number of dependents 1,672
Adjust gross income (AGI) [2] $48,339,934
Salaries and wages $39,747,732
Taxable interest $697,090
Ordinary dividends $265,145
Business or professional net income (less loss) $3,775,091
Net capital gain (less loss) $27,473
Taxable individual retirement arrangements distributions $718,600
Taxable pensions and annuities $3,258,271
Unemployment compensation [3] $400,532
Taxable Social Security benefits $102,755
Self-employment retirement plans $0
Total itemized deductions [4] $2,785,360
State and local income taxes $87,694
State and local general sales tax $65,276
Real estate taxes $109,949
Taxes paid $272,848
Mortgage interest paid $1,026,726
Contributions $294,558
Taxable income $10,377,098
Total tax credits [5] $267,395
Residential energy tax credit $0
Child tax credit $122,958
Child and dependent care credit $31,947
Earned income credit [6] $5,944,348
Excess earned income credit (refundable) [7] $5,337,683
Alternative minimum tax $0
Income tax [8] $857,053
Total tax liability [9] $1,569,468
Tax due at time of filing [10] $147,428
Overpayments refunded [11] ($9,011,428)

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

Number of returns [1] 2,094
Number of joint returns 615
Number of returns with paid preparer's signature 1,265
Number of exemptions 4,400
Number of dependents 987
Adjust gross income (AGI) [2] $75,262,026
Salaries and wages $64,688,914
Taxable interest $1,207,743
Ordinary dividends $484,894
Business or professional net income (less loss) $750,805
Net capital gain (less loss) $234,572
Taxable individual retirement arrangements distributions $773,899
Taxable pensions and annuities $5,989,810
Unemployment compensation [3] $207,123
Taxable Social Security benefits $1,268,727
Self-employment retirement plans $0
Total itemized deductions [4] $8,996,391
State and local income taxes $620,824
State and local general sales tax $115,768
Real estate taxes $238,968
Taxes paid $1,110,193
Mortgage interest paid $3,079,110
Contributions $1,166,361
Taxable income $38,804,931
Total tax credits [5] $971,379
Residential energy tax credit $0
Child tax credit $648,177
Child and dependent care credit $111,387
Earned income credit [6] $696,952
Excess earned income credit (refundable) [7] $589,085
Alternative minimum tax $0
Income tax [8] $3,828,865
Total tax liability [9] $4,130,960
Tax due at time of filing [10] $302,738
Overpayments refunded [11] ($4,841,597)

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

Number of returns [1] 1,111
Number of joint returns 674
Number of returns with paid preparer's signature 695
Number of exemptions 2,618
Number of dependents 482
Adjust gross income (AGI) [2] $68,185,057
Salaries and wages $54,866,158
Taxable interest $1,180,174
Ordinary dividends $409,352
Business or professional net income (less loss) $1,307,012
Net capital gain (less loss) $161,331
Taxable individual retirement arrangements distributions $1,283,057
Taxable pensions and annuities $6,101,204
Unemployment compensation [3] $161,215
Taxable Social Security benefits $2,267,786
Self-employment retirement plans $0
Total itemized deductions [4] $9,846,769
State and local income taxes $990,927
State and local general sales tax $124,998
Real estate taxes $295,018
Taxes paid $1,468,827
Mortgage interest paid $3,544,170
Contributions $1,271,619
Taxable income $43,304,996
Total tax credits [5] $725,492
Residential energy tax credit $0
Child tax credit $537,330
Child and dependent care credit $47,655
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $5,380,998
Total tax liability [9] $5,759,577
Tax due at time of filing [10] $507,739
Overpayments refunded [11] ($2,550,216)

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

Number of returns [1] 639
Number of joint returns 530
Number of returns with paid preparer's signature 396
Number of exemptions 1,709
Number of dependents 306
Adjust gross income (AGI) [2] $55,245,358
Salaries and wages $45,485,797
Taxable interest $765,490
Ordinary dividends $447,867
Business or professional net income (less loss) $786,850
Net capital gain (less loss) $383,691
Taxable individual retirement arrangements distributions $968,805
Taxable pensions and annuities $4,413,904
Unemployment compensation [3] $77,774
Taxable Social Security benefits $1,489,749
Self-employment retirement plans $0
Total itemized deductions [4] $8,519,868
State and local income taxes $1,112,876
State and local general sales tax $90,713
Real estate taxes $324,958
Taxes paid $1,556,250
Mortgage interest paid $3,419,326
Contributions $1,111,351
Taxable income $38,024,442
Total tax credits [5] $519,650
Residential energy tax credit $0
Child tax credit $377,240
Child and dependent care credit $36,839
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $19,697
Income tax [8] $5,053,666
Total tax liability [9] $5,327,283
Tax due at time of filing [10] $384,488
Overpayments refunded [11] ($1,796,133)

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

Number of returns [1] 759
Number of joint returns 679
Number of returns with paid preparer's signature 501
Number of exemptions 2,220
Number of dependents 425
Adjust gross income (AGI) [2] $99,403,325
Salaries and wages $82,145,294
Taxable interest $1,437,591
Ordinary dividends $614,397
Business or professional net income (less loss) $2,013,322
Net capital gain (less loss) $2,091,877
Taxable individual retirement arrangements distributions $2,075,052
Taxable pensions and annuities $5,070,024
Unemployment compensation [3] $66,005
Taxable Social Security benefits $1,588,604
Self-employment retirement plans $0
Total itemized deductions [4] $14,394,800
State and local income taxes $2,873,635
State and local general sales tax $105,401
Real estate taxes $614,844
Taxes paid $3,627,071
Mortgage interest paid $5,474,662
Contributions $2,198,016
Taxable income $75,355,726
Total tax credits [5] $500,011
Residential energy tax credit $0
Child tax credit $274,393
Child and dependent care credit $49,103
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $64,505
Income tax [8] $13,033,464
Total tax liability [9] $13,616,065
Tax due at time of filing [10] $1,257,841
Overpayments refunded [11] ($2,290,883)

Adjusted Gross Income: $200,000 or more

Number of returns [1] 133
Number of joint returns 122
Number of returns with paid preparer's signature 112
Number of exemptions 409
Number of dependents 79
Adjust gross income (AGI) [2] $53,570,842
Salaries and wages $27,327,221
Taxable interest $1,547,446
Ordinary dividends $690,191
Business or professional net income (less loss) $4,950,611
Net capital gain (less loss) $3,481,874
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $1,045,477
Unemployment compensation [3] $0
Taxable Social Security benefits $191,206
Self-employment retirement plans $355,539
Total itemized deductions [4] $5,985,472
State and local income taxes $1,854,390
State and local general sales tax $0
Real estate taxes $232,501
Taxes paid $2,117,083
Mortgage interest paid $1,424,204
Contributions $1,270,101
Taxable income $46,206,881
Total tax credits [5] $441,432
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 $196,363
Income tax [8] $12,040,158
Total tax liability [9] $12,526,672
Tax due at time of filing [10] $2,165,582
Overpayments refunded [11] ($667,015)

[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.