Home » Oklahoma » COMANCHE County » ZIP Code 73503 » Tax Stats

73503 Income Tax Overview

Total Number of Tax Returns for ZIP Code 73503 [1]	2,198
Total Number of Joint Tax Returns for ZIP Code 73503	1,204
Total Number of Dependents for ZIP Code 73503	1,277
Total Adjusted Gross Income for ZIP Code 73503	66,528,122
Average Income per Person for ZIP Code 73503	$6,050

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]	441
Number of joint returns	198
Number of returns with paid preparer's signature	149
Number of exemptions	1,075
Number of dependents	223
Adjust gross income (AGI) [2]	$2,172,768
Salaries and wages	$2,218,378
Taxable interest	$7,626
Ordinary dividends	$1,077
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]	$62,916
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	$42,814
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$463,301
Excess earned income credit (refundable) [7]	$460,948
Alternative minimum tax	$0
Income tax [8]	$4,277
Total tax liability [9]	$6,897
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($1,101,638)

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

Number of returns [1]	674
Number of joint returns	248
Number of returns with paid preparer's signature	236
Number of exemptions	1,498
Number of dependents	296
Adjust gross income (AGI) [2]	$12,495,157
Salaries and wages	$12,396,386
Taxable interest	$12,776
Ordinary dividends	$2,798
Business or professional net income (less loss)	$58,532
Net capital gain (less loss)	($1,739)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$79,906
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	$3,724,231
Total tax credits [5]	$38,685
Residential energy tax credit	$0
Child tax credit	$17,603
Child and dependent care credit	$3,477
Earned income credit [6]	$1,027,853
Excess earned income credit (refundable) [7]	$1,014,062
Alternative minimum tax	$0
Income tax [8]	$382,398
Total tax liability [9]	$395,090
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($2,343,721)

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

Number of returns [1]	741
Number of joint returns	445
Number of returns with paid preparer's signature	267
Number of exemptions	2,239
Number of dependents	483
Adjust gross income (AGI) [2]	$25,370,881
Salaries and wages	$25,060,494
Taxable interest	$46,665
Ordinary dividends	$11,521
Business or professional net income (less loss)	$52,576
Net capital gain (less loss)	$3,613
Taxable individual retirement arrangements distributions	$18,112
Taxable pensions and annuities	$267,709
Unemployment compensation [3]	$56,007
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$503,989
State and local income taxes	$17,246
State and local general sales tax	$12,899
Real estate taxes	$51,206
Taxes paid	$98,354
Mortgage interest paid	$216,007
Contributions	$56,398
Taxable income	$10,778,231
Total tax credits [5]	$460,921
Residential energy tax credit	$0
Child tax credit	$344,406
Child and dependent care credit	$38,354
Earned income credit [6]	$530,955
Excess earned income credit (refundable) [7]	$513,758
Alternative minimum tax	$0
Income tax [8]	$821,321
Total tax liability [9]	$838,276
Tax due at time of filing [10]	$17,640
Overpayments refunded [11]	($2,973,654)

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

Number of returns [1]	201
Number of joint returns	181
Number of returns with paid preparer's signature	74
Number of exemptions	744
Number of dependents	165
Adjust gross income (AGI) [2]	$12,065,098
Salaries and wages	$11,677,831
Taxable interest	$22,254
Ordinary dividends	$16,356
Business or professional net income (less loss)	$72,825
Net capital gain (less loss)	$8,849
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$238,302
Unemployment compensation [3]	$52,762
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$587,455
State and local income taxes	$45,882
State and local general sales tax	$21,910
Real estate taxes	$40,687
Taxes paid	$110,245
Mortgage interest paid	$216,602
Contributions	$102,769
Taxable income	$7,062,729
Total tax credits [5]	$364,462
Residential energy tax credit	$0
Child tax credit	$281,847
Child and dependent care credit	$24,137
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$545,448
Total tax liability [9]	$562,232
Tax due at time of filing [10]	$18,858
Overpayments refunded [11]	($746,116)

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

Number of returns [1]	80
Number of joint returns	73
Number of returns with paid preparer's signature	30
Number of exemptions	287
Number of dependents	61
Adjust gross income (AGI) [2]	$6,941,427
Salaries and wages	$6,686,822
Taxable interest	$14,669
Ordinary dividends	$39,314
Business or professional net income (less loss)	$15,179
Net capital gain (less loss)	$17,332
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$274,494
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$583,878
State and local income taxes	$47,438
State and local general sales tax	$25,439
Real estate taxes	$55,475
Taxes paid	$130,290
Mortgage interest paid	$246,125
Contributions	$136,864
Taxable income	$4,812,245
Total tax credits [5]	$137,780
Residential energy tax credit	$0
Child tax credit	$116,980
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]	$556,054
Total tax liability [9]	$568,114
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($338,122)

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

Number of returns [1]	61
Number of joint returns	59
Number of returns with paid preparer's signature	19
Number of exemptions	220
Number of dependents	49
Adjust gross income (AGI) [2]	$7,482,791
Salaries and wages	$7,020,052
Taxable interest	$38,461
Ordinary dividends	$48,013
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$17,253
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$248,726
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$677,132
State and local income taxes	$46,284
State and local general sales tax	$37,904
Real estate taxes	$86,051
Taxes paid	$177,049
Mortgage interest paid	$250,997
Contributions	$156,997
Taxable income	$5,651,696
Total tax credits [5]	$69,182
Residential energy tax credit	$0
Child tax credit	$56,500
Child and dependent care credit	$6,394
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$898,755
Total tax liability [9]	$914,203
Tax due at time of filing [10]	$39,578
Overpayments refunded [11]	($159,069)

[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.