Home » Texas » NUECES County » ZIP Code 78373 » Tax Stats

78373 Income Tax Overview

Total Number of Tax Returns for ZIP Code 78373 [1]	1,958
Total Number of Joint Tax Returns for ZIP Code 78373	808
Total Number of Dependents for ZIP Code 78373	461
Total Adjusted Gross Income for ZIP Code 78373	146,561,813
Average Income per Person for ZIP Code 78373	$40,882

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]	421
Number of joint returns	58
Number of returns with paid preparer's signature	187
Number of exemptions	448
Number of dependents	56
Adjust gross income (AGI) [2]	$733,216
Salaries and wages	$2,235,254
Taxable interest	$379,070
Ordinary dividends	$148,605
Business or professional net income (less loss)	($63,555)
Net capital gain (less loss)	$36,028
Taxable individual retirement arrangements distributions	$67,665
Taxable pensions and annuities	$107,402
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,107,052
State and local income taxes	$0
State and local general sales tax	$8,490
Real estate taxes	$226,190
Taxes paid	$299,795
Mortgage interest paid	$436,539
Contributions	$0
Taxable income	$90,396
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$132,284
Excess earned income credit (refundable) [7]	$109,640
Alternative minimum tax	$0
Income tax [8]	$8,593
Total tax liability [9]	$80,655
Tax due at time of filing [10]	$32,395
Overpayments refunded [11]	($387,512)

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

Number of returns [1]	453
Number of joint returns	79
Number of returns with paid preparer's signature	198
Number of exemptions	675
Number of dependents	100
Adjust gross income (AGI) [2]	$7,737,628
Salaries and wages	$5,680,369
Taxable interest	$301,648
Ordinary dividends	$210,382
Business or professional net income (less loss)	$760,682
Net capital gain (less loss)	$29,324
Taxable individual retirement arrangements distributions	$195,804
Taxable pensions and annuities	$877,845
Unemployment compensation [3]	$58,524
Taxable Social Security benefits	$40,874
Self-employment retirement plans	$0
Total itemized deductions [4]	$777,517
State and local income taxes	$0
State and local general sales tax	$26,936
Real estate taxes	$160,997
Taxes paid	$191,133
Mortgage interest paid	$238,226
Contributions	$49,153
Taxable income	$2,472,252
Total tax credits [5]	$15,116
Residential energy tax credit	$0
Child tax credit	$5,022
Child and dependent care credit	$0
Earned income credit [6]	$298,611
Excess earned income credit (refundable) [7]	$261,429
Alternative minimum tax	$0
Income tax [8]	$255,152
Total tax liability [9]	$398,278
Tax due at time of filing [10]	$88,303
Overpayments refunded [11]	($705,004)

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

Number of returns [1]	406
Number of joint returns	159
Number of returns with paid preparer's signature	196
Number of exemptions	716
Number of dependents	95
Adjust gross income (AGI) [2]	$14,861,180
Salaries and wages	$9,200,132
Taxable interest	$679,213
Ordinary dividends	$350,010
Business or professional net income (less loss)	$1,032,035
Net capital gain (less loss)	$108,485
Taxable individual retirement arrangements distributions	$471,034
Taxable pensions and annuities	$2,216,692
Unemployment compensation [3]	$79,447
Taxable Social Security benefits	$626,943
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,940,379
State and local income taxes	$39,260
State and local general sales tax	$71,751
Real estate taxes	$294,709
Taxes paid	$389,769
Mortgage interest paid	$540,919
Contributions	$167,863
Taxable income	$8,091,014
Total tax credits [5]	$90,968
Residential energy tax credit	$0
Child tax credit	$56,487
Child and dependent care credit	$7,457
Earned income credit [6]	$54,413
Excess earned income credit (refundable) [7]	$38,588
Alternative minimum tax	$0
Income tax [8]	$901,014
Total tax liability [9]	$1,111,011
Tax due at time of filing [10]	$173,330
Overpayments refunded [11]	($633,641)

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

Number of returns [1]	236
Number of joint returns	140
Number of returns with paid preparer's signature	124
Number of exemptions	494
Number of dependents	67
Adjust gross income (AGI) [2]	$14,632,909
Salaries and wages	$8,210,998
Taxable interest	$543,078
Ordinary dividends	$594,307
Business or professional net income (less loss)	$1,106,140
Net capital gain (less loss)	$89,628
Taxable individual retirement arrangements distributions	$517,162
Taxable pensions and annuities	$2,286,883
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,002,833
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,112,661
State and local income taxes	$37,292
State and local general sales tax	$85,820
Real estate taxes	$438,264
Taxes paid	$579,897
Mortgage interest paid	$649,287
Contributions	$224,105
Taxable income	$9,583,561
Total tax credits [5]	$104,519
Residential energy tax credit	$0
Child tax credit	$73,394
Child and dependent care credit	$7,665
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$1,271,194
Total tax liability [9]	$1,481,054
Tax due at time of filing [10]	$161,177
Overpayments refunded [11]	($460,578)

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

Number of returns [1]	139
Number of joint returns	113
Number of returns with paid preparer's signature	76
Number of exemptions	334
Number of dependents	44
Adjust gross income (AGI) [2]	$12,208,452
Salaries and wages	$6,837,898
Taxable interest	$515,911
Ordinary dividends	$421,751
Business or professional net income (less loss)	$427,259
Net capital gain (less loss)	$608,463
Taxable individual retirement arrangements distributions	$514,243
Taxable pensions and annuities	$2,202,878
Unemployment compensation [3]	$0
Taxable Social Security benefits	$802,677
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,633,160
State and local income taxes	$0
State and local general sales tax	$113,268
Real estate taxes	$442,264
Taxes paid	$572,660
Mortgage interest paid	$562,832
Contributions	$164,970
Taxable income	$8,728,722
Total tax credits [5]	$76,703
Residential energy tax credit	$0
Child tax credit	$57,423
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]	$1,163,645
Total tax liability [9]	$1,259,470
Tax due at time of filing [10]	$125,874
Overpayments refunded [11]	($357,419)

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

Number of returns [1]	193
Number of joint returns	166
Number of returns with paid preparer's signature	131
Number of exemptions	464
Number of dependents	60
Adjust gross income (AGI) [2]	$25,769,497
Salaries and wages	$12,211,202
Taxable interest	$854,965
Ordinary dividends	$765,773
Business or professional net income (less loss)	$1,771,622
Net capital gain (less loss)	$2,067,163
Taxable individual retirement arrangements distributions	$1,259,861
Taxable pensions and annuities	$4,296,049
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,094,601
Self-employment retirement plans	$304,573
Total itemized deductions [4]	$3,334,706
State and local income taxes	$76,253
State and local general sales tax	$192,654
Real estate taxes	$852,792
Taxes paid	$1,133,328
Mortgage interest paid	$1,238,413
Contributions	$472,881
Taxable income	$19,990,858
Total tax credits [5]	$81,487
Residential energy tax credit	$0
Child tax credit	$28,050
Child and dependent care credit	$7,193
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,452,159
Total tax liability [9]	$3,821,438
Tax due at time of filing [10]	$544,945
Overpayments refunded [11]	($474,899)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	110
Number of joint returns	93
Number of returns with paid preparer's signature	87
Number of exemptions	273
Number of dependents	39
Adjust gross income (AGI) [2]	$70,618,931
Salaries and wages	$14,313,340
Taxable interest	$2,517,160
Ordinary dividends	$1,726,356
Business or professional net income (less loss)	$4,982,434
Net capital gain (less loss)	$22,253,639
Taxable individual retirement arrangements distributions	$212,665
Taxable pensions and annuities	$874,555
Unemployment compensation [3]	$0
Taxable Social Security benefits	$569,400
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,875,372
State and local income taxes	$405,602
State and local general sales tax	$276,229
Real estate taxes	$1,096,393
Taxes paid	$2,034,146
Mortgage interest paid	$1,240,939
Contributions	$769,249
Taxable income	$64,768,561
Total tax credits [5]	$316,220
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	$345,341
Income tax [8]	$16,269,181
Total tax liability [9]	$16,644,588
Tax due at time of filing [10]	$2,612,069
Overpayments refunded [11]	($863,642)

[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.