Home » Arkansas » PULASKI County » ZIP Code 72212 » Tax Stats

72212 Income Tax Overview

Total Number of Tax Returns for ZIP Code 72212 [1]	6,018
Total Number of Joint Tax Returns for ZIP Code 72212	3,075
Total Number of Dependents for ZIP Code 72212	1,991
Total Adjusted Gross Income for ZIP Code 72212	733,608,172
Average Income per Person for ZIP Code 72212	$57,742

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]	1,003
Number of joint returns	69
Number of returns with paid preparer's signature	486
Number of exemptions	606
Number of dependents	57
Adjust gross income (AGI) [2]	$2,720,940
Salaries and wages	$5,157,907
Taxable interest	$667,030
Ordinary dividends	$703,630
Business or professional net income (less loss)	($1,528,234)
Net capital gain (less loss)	($42,894)
Taxable individual retirement arrangements distributions	$148,310
Taxable pensions and annuities	$283,604
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,789,832
State and local income taxes	$311,911
State and local general sales tax	$18,102
Real estate taxes	$299,874
Taxes paid	$657,867
Mortgage interest paid	$858,471
Contributions	$53,290
Taxable income	$371,640
Total tax credits [5]	$2,497
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$93,959
Excess earned income credit (refundable) [7]	$75,411
Alternative minimum tax	$0
Income tax [8]	$41,159
Total tax liability [9]	$121,191
Tax due at time of filing [10]	$47,578
Overpayments refunded [11]	($829,827)

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

Number of returns [1]	659
Number of joint returns	79
Number of returns with paid preparer's signature	334
Number of exemptions	869
Number of dependents	134
Adjust gross income (AGI) [2]	$11,126,361
Salaries and wages	$8,121,401
Taxable interest	$450,594
Ordinary dividends	$352,335
Business or professional net income (less loss)	$621,919
Net capital gain (less loss)	($53,682)
Taxable individual retirement arrangements distributions	$414,689
Taxable pensions and annuities	$995,099
Unemployment compensation [3]	$134,781
Taxable Social Security benefits	$126,356
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,095,070
State and local income taxes	$45,685
State and local general sales tax	$47,911
Real estate taxes	$148,529
Taxes paid	$290,852
Mortgage interest paid	$577,314
Contributions	$229,407
Taxable income	$3,760,697
Total tax credits [5]	$72,864
Residential energy tax credit	$0
Child tax credit	$14,566
Child and dependent care credit	$0
Earned income credit [6]	$343,181
Excess earned income credit (refundable) [7]	$296,033
Alternative minimum tax	$0
Income tax [8]	$329,277
Total tax liability [9]	$471,980
Tax due at time of filing [10]	$80,149
Overpayments refunded [11]	($939,739)

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

Number of returns [1]	885
Number of joint returns	222
Number of returns with paid preparer's signature	450
Number of exemptions	1,491
Number of dependents	235
Adjust gross income (AGI) [2]	$32,916,372
Salaries and wages	$24,566,541
Taxable interest	$1,208,170
Ordinary dividends	$701,910
Business or professional net income (less loss)	$1,406,888
Net capital gain (less loss)	$343,338
Taxable individual retirement arrangements distributions	$961,272
Taxable pensions and annuities	$2,977,569
Unemployment compensation [3]	$176,265
Taxable Social Security benefits	$1,257,700
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,508,100
State and local income taxes	$725,151
State and local general sales tax	$86,587
Real estate taxes	$681,065
Taxes paid	$1,572,646
Mortgage interest paid	$2,227,412
Contributions	$891,360
Taxable income	$18,010,821
Total tax credits [5]	$286,375
Residential energy tax credit	$0
Child tax credit	$144,422
Child and dependent care credit	$31,644
Earned income credit [6]	$116,259
Excess earned income credit (refundable) [7]	$97,098
Alternative minimum tax	$0
Income tax [8]	$1,996,878
Total tax liability [9]	$2,318,106
Tax due at time of filing [10]	$234,875
Overpayments refunded [11]	($1,637,936)

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

Number of returns [1]	753
Number of joint returns	359
Number of returns with paid preparer's signature	416
Number of exemptions	1,554
Number of dependents	261
Adjust gross income (AGI) [2]	$46,612,478
Salaries and wages	$33,656,768
Taxable interest	$1,595,246
Ordinary dividends	$1,136,947
Business or professional net income (less loss)	$1,119,367
Net capital gain (less loss)	$492,971
Taxable individual retirement arrangements distributions	$1,096,090
Taxable pensions and annuities	$4,585,840
Unemployment compensation [3]	$197,157
Taxable Social Security benefits	$2,363,552
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,975,672
State and local income taxes	$1,467,999
State and local general sales tax	$73,159
Real estate taxes	$922,685
Taxes paid	$2,592,422
Mortgage interest paid	$3,079,387
Contributions	$1,472,898
Taxable income	$29,885,868
Total tax credits [5]	$363,459
Residential energy tax credit	$0
Child tax credit	$257,305
Child and dependent care credit	$24,508
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,959,199
Total tax liability [9]	$4,255,716
Tax due at time of filing [10]	$399,650
Overpayments refunded [11]	($1,630,455)

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

Number of returns [1]	630
Number of joint returns	468
Number of returns with paid preparer's signature	352
Number of exemptions	1,569
Number of dependents	254
Adjust gross income (AGI) [2]	$54,872,665
Salaries and wages	$38,265,742
Taxable interest	$1,842,148
Ordinary dividends	$1,806,690
Business or professional net income (less loss)	$2,169,234
Net capital gain (less loss)	$490,033
Taxable individual retirement arrangements distributions	$1,776,147
Taxable pensions and annuities	$4,477,851
Unemployment compensation [3]	$0
Taxable Social Security benefits	$3,161,703
Self-employment retirement plans	$115,048
Total itemized deductions [4]	$11,029,759
State and local income taxes	$2,272,238
State and local general sales tax	$52,666
Real estate taxes	$1,129,528
Taxes paid	$3,617,236
Mortgage interest paid	$3,712,027
Contributions	$1,904,526
Taxable income	$36,932,957
Total tax credits [5]	$502,490
Residential energy tax credit	$0
Child tax credit	$339,295
Child and dependent care credit	$27,059
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,932,510
Total tax liability [9]	$5,330,471
Tax due at time of filing [10]	$362,095
Overpayments refunded [11]	($1,747,459)

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

Number of returns [1]	1,264
Number of joint returns	1,130
Number of returns with paid preparer's signature	748
Number of exemptions	3,561
Number of dependents	619
Adjust gross income (AGI) [2]	$177,410,806
Salaries and wages	$130,185,382
Taxable interest	$4,147,984
Ordinary dividends	$4,356,852
Business or professional net income (less loss)	$5,550,791
Net capital gain (less loss)	$3,550,402
Taxable individual retirement arrangements distributions	$5,303,753
Taxable pensions and annuities	$11,672,957
Unemployment compensation [3]	$142,144
Taxable Social Security benefits	$5,932,755
Self-employment retirement plans	$437,109
Total itemized deductions [4]	$34,017,135
State and local income taxes	$9,683,654
State and local general sales tax	$59,349
Real estate taxes	$3,555,335
Taxes paid	$13,850,086
Mortgage interest paid	$10,996,586
Contributions	$6,341,363
Taxable income	$130,032,594
Total tax credits [5]	$595,242
Residential energy tax credit	$0
Child tax credit	$354,934
Child and dependent care credit	$60,127
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$187,177
Income tax [8]	$23,049,881
Total tax liability [9]	$24,114,664
Tax due at time of filing [10]	$1,859,900
Overpayments refunded [11]	($4,512,596)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	824
Number of joint returns	748
Number of returns with paid preparer's signature	657
Number of exemptions	2,453
Number of dependents	431
Adjust gross income (AGI) [2]	$407,948,550
Salaries and wages	$212,135,251
Taxable interest	$11,008,534
Ordinary dividends	$13,311,273
Business or professional net income (less loss)	$14,933,309
Net capital gain (less loss)	$55,345,649
Taxable individual retirement arrangements distributions	$5,355,832
Taxable pensions and annuities	$8,793,535
Unemployment compensation [3]	$0
Taxable Social Security benefits	$3,268,332
Self-employment retirement plans	$1,731,463
Total itemized deductions [4]	$60,269,189
State and local income taxes	$24,774,909
State and local general sales tax	$47,744
Real estate taxes	$4,214,103
Taxes paid	$29,694,262
Mortgage interest paid	$10,453,520
Contributions	$15,118,172
Taxable income	$340,726,104
Total tax credits [5]	$695,182
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$29,895
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$3,897,991
Income tax [8]	$90,230,404
Total tax liability [9]	$91,971,282
Tax due at time of filing [10]	$8,448,703
Overpayments refunded [11]	($5,974,805)

[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.