Home » Louisiana » CATAHOULA County » ZIP Code 71340 » Tax Stats

71340 Income Tax Overview

Total Number of Tax Returns for ZIP Code 71340 [1]	464
Total Number of Joint Tax Returns for ZIP Code 71340	226
Total Number of Dependents for ZIP Code 71340	206
Total Adjusted Gross Income for ZIP Code 71340	21,444,199
Average Income per Person for ZIP Code 71340	$12,540

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]	86
Number of joint returns	15
Number of returns with paid preparer's signature	44
Number of exemptions	101
Number of dependents	20
Adjust gross income (AGI) [2]	$296,765
Salaries and wages	$279,350
Taxable interest	$12,057
Ordinary dividends	$0
Business or professional net income (less loss)	$3,524
Net capital gain (less loss)	($6,057)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
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	$0
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$32,917
Excess earned income credit (refundable) [7]	$29,220
Alternative minimum tax	$0
Income tax [8]	$0
Total tax liability [9]	$7,180
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($56,922)

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

Number of returns [1]	101
Number of joint returns	25
Number of returns with paid preparer's signature	57
Number of exemptions	178
Number of dependents	38
Adjust gross income (AGI) [2]	$1,750,324
Salaries and wages	$1,448,323
Taxable interest	$20,676
Ordinary dividends	$0
Business or professional net income (less loss)	$6,765
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$213,423
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	$70,543
Taxable income	$465,066
Total tax credits [5]	$6,457
Residential energy tax credit	$0
Child tax credit	$5,195
Child and dependent care credit	$0
Earned income credit [6]	$123,750
Excess earned income credit (refundable) [7]	$112,079
Alternative minimum tax	$0
Income tax [8]	$43,389
Total tax liability [9]	$54,048
Tax due at time of filing [10]	$7,325
Overpayments refunded [11]	($214,750)

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

Number of returns [1]	119
Number of joint returns	63
Number of returns with paid preparer's signature	79
Number of exemptions	296
Number of dependents	64
Adjust gross income (AGI) [2]	$4,220,527
Salaries and wages	$3,359,385
Taxable interest	$62,527
Ordinary dividends	$0
Business or professional net income (less loss)	$117,370
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$67,582
Taxable pensions and annuities	$473,093
Unemployment compensation [3]	$32,168
Taxable Social Security benefits	$173,848
Self-employment retirement plans	$0
Total itemized deductions [4]	$336,215
State and local income taxes	$21,234
State and local general sales tax	$0
Real estate taxes	$2,592
Taxes paid	$26,053
Mortgage interest paid	$41,017
Contributions	$0
Taxable income	$1,944,831
Total tax credits [5]	$52,720
Residential energy tax credit	$0
Child tax credit	$50,726
Child and dependent care credit	$0
Earned income credit [6]	$39,964
Excess earned income credit (refundable) [7]	$28,500
Alternative minimum tax	$0
Income tax [8]	$176,795
Total tax liability [9]	$218,642
Tax due at time of filing [10]	$18,725
Overpayments refunded [11]	($272,088)

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

Number of returns [1]	73
Number of joint returns	46
Number of returns with paid preparer's signature	48
Number of exemptions	186
Number of dependents	37
Adjust gross income (AGI) [2]	$4,579,644
Salaries and wages	$3,848,496
Taxable interest	$61,808
Ordinary dividends	$3,312
Business or professional net income (less loss)	$92,556
Net capital gain (less loss)	$96,478
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$417,237
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$364,360
State and local income taxes	$71,161
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$77,365
Mortgage interest paid	$0
Contributions	$101,419
Taxable income	$3,049,539
Total tax credits [5]	$59,570
Residential energy tax credit	$0
Child tax credit	$47,935
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]	$382,244
Total tax liability [9]	$403,504
Tax due at time of filing [10]	$64,301
Overpayments refunded [11]	($176,153)

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

Number of returns [1]	31
Number of joint returns	27
Number of returns with paid preparer's signature	23
Number of exemptions	87
Number of dependents	16
Adjust gross income (AGI) [2]	$2,680,315
Salaries and wages	$2,258,064
Taxable interest	$9,263
Ordinary dividends	$0
Business or professional net income (less loss)	$126,481
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$279,947
Unemployment compensation [3]	$0
Taxable Social Security benefits	$136,157
Self-employment retirement plans	$0
Total itemized deductions [4]	$281,707
State and local income taxes	$33,640
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$40,071
Mortgage interest paid	$0
Contributions	$0
Taxable income	$1,907,420
Total tax credits [5]	$24,105
Residential energy tax credit	$0
Child tax credit	$21,000
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]	$253,635
Total tax liability [9]	$267,098
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($97,027)

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

Number of returns [1]	54
Number of joint returns	50
Number of returns with paid preparer's signature	49
Number of exemptions	164
Number of dependents	31
Adjust gross income (AGI) [2]	$7,916,624
Salaries and wages	$4,936,323
Taxable interest	$95,239
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$864,166
State and local income taxes	$214,572
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$234,030
Mortgage interest paid	$182,096
Contributions	$267,968
Taxable income	$6,310,777
Total tax credits [5]	$60,087
Residential energy tax credit	$0
Child tax credit	$16,800
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]	$1,103,761
Total tax liability [9]	$1,165,013
Tax due at time of filing [10]	$86,940
Overpayments refunded [11]	($272,132)

[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.