Home » Colorado » DOUGLAS County » ZIP Code 80134 » Tax Stats

80134 Income Tax Overview

Total Number of Tax Returns for ZIP Code 80134 [1]	24,453
Total Number of Joint Tax Returns for ZIP Code 80134	12,708
Total Number of Dependents for ZIP Code 80134	10,200
Total Adjusted Gross Income for ZIP Code 80134	2,209,461,379
Average Income per Person for ZIP Code 80134	$40,117

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]	3,358
Number of joint returns	286
Number of returns with paid preparer's signature	1,298
Number of exemptions	2,193
Number of dependents	251
Adjust gross income (AGI) [2]	$9,008,432
Salaries and wages	$17,616,827
Taxable interest	$1,077,224
Ordinary dividends	$943,629
Business or professional net income (less loss)	($386,592)
Net capital gain (less loss)	$1,204,357
Taxable individual retirement arrangements distributions	$855,357
Taxable pensions and annuities	$1,007,894
Unemployment compensation [3]	$193,408
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,310,076
State and local income taxes	$393,149
State and local general sales tax	$46,871
Real estate taxes	$897,439
Taxes paid	$1,423,426
Mortgage interest paid	$4,487,609
Contributions	$122,176
Taxable income	$1,224,512
Total tax credits [5]	$3,697
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$485,270
Excess earned income credit (refundable) [7]	$379,895
Alternative minimum tax	$0
Income tax [8]	$119,833
Total tax liability [9]	$465,997
Tax due at time of filing [10]	$133,268
Overpayments refunded [11]	($1,947,840)

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

Number of returns [1]	2,491
Number of joint returns	357
Number of returns with paid preparer's signature	1,011
Number of exemptions	3,335
Number of dependents	493
Adjust gross income (AGI) [2]	$42,961,283
Salaries and wages	$34,559,484
Taxable interest	$1,091,409
Ordinary dividends	$826,845
Business or professional net income (less loss)	$3,158,074
Net capital gain (less loss)	$53,508
Taxable individual retirement arrangements distributions	$1,138,667
Taxable pensions and annuities	$3,049,428
Unemployment compensation [3]	$758,292
Taxable Social Security benefits	$196,929
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,968,159
State and local income taxes	$374,390
State and local general sales tax	$113,610
Real estate taxes	$907,877
Taxes paid	$1,476,894
Mortgage interest paid	$4,386,124
Contributions	$495,151
Taxable income	$14,839,716
Total tax credits [5]	$254,317
Residential energy tax credit	$0
Child tax credit	$52,659
Child and dependent care credit	$16,067
Earned income credit [6]	$1,320,231
Excess earned income credit (refundable) [7]	$1,065,107
Alternative minimum tax	$0
Income tax [8]	$1,373,876
Total tax liability [9]	$1,955,385
Tax due at time of filing [10]	$248,235
Overpayments refunded [11]	($3,731,668)

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

Number of returns [1]	4,160
Number of joint returns	1,006
Number of returns with paid preparer's signature	1,791
Number of exemptions	7,215
Number of dependents	1,221
Adjust gross income (AGI) [2]	$156,147,371
Salaries and wages	$133,005,049
Taxable interest	$2,066,106
Ordinary dividends	$1,772,808
Business or professional net income (less loss)	$5,512,520
Net capital gain (less loss)	($35,345)
Taxable individual retirement arrangements distributions	$3,117,677
Taxable pensions and annuities	$8,427,806
Unemployment compensation [3]	$1,267,311
Taxable Social Security benefits	$2,527,077
Self-employment retirement plans	$73,542
Total itemized deductions [4]	$31,219,606
State and local income taxes	$2,360,625
State and local general sales tax	$297,996
Real estate taxes	$3,122,270
Taxes paid	$6,172,212
Mortgage interest paid	$17,019,431
Contributions	$2,318,304
Taxable income	$85,258,657
Total tax credits [5]	$1,465,096
Residential energy tax credit	$0
Child tax credit	$799,591
Child and dependent care credit	$127,012
Earned income credit [6]	$487,775
Excess earned income credit (refundable) [7]	$346,442
Alternative minimum tax	$0
Income tax [8]	$9,574,645
Total tax liability [9]	$10,914,540
Tax due at time of filing [10]	$1,007,200
Overpayments refunded [11]	($8,184,186)

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

Number of returns [1]	3,700
Number of joint returns	1,855
Number of returns with paid preparer's signature	1,703
Number of exemptions	8,404
Number of dependents	1,613
Adjust gross income (AGI) [2]	$230,133,456
Salaries and wages	$194,161,586
Taxable interest	$2,884,782
Ordinary dividends	$2,228,469
Business or professional net income (less loss)	$6,599,866
Net capital gain (less loss)	$29,282
Taxable individual retirement arrangements distributions	$5,047,546
Taxable pensions and annuities	$13,169,125
Unemployment compensation [3]	$1,196,798
Taxable Social Security benefits	$4,867,525
Self-employment retirement plans	$114,278
Total itemized deductions [4]	$55,949,992
State and local income taxes	$5,655,215
State and local general sales tax	$360,390
Real estate taxes	$5,569,366
Taxes paid	$12,278,777
Mortgage interest paid	$30,810,482
Contributions	$4,276,226
Taxable income	$137,388,107
Total tax credits [5]	$2,633,772
Residential energy tax credit	$0
Child tax credit	$2,060,985
Child and dependent care credit	$149,196
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$19,266
Income tax [8]	$17,298,173
Total tax liability [9]	$18,879,149
Tax due at time of filing [10]	$1,486,564
Overpayments refunded [11]	($9,926,450)

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

Number of returns [1]	3,183
Number of joint returns	2,389
Number of returns with paid preparer's signature	1,487
Number of exemptions	8,855
Number of dependents	1,746
Adjust gross income (AGI) [2]	$277,697,900
Salaries and wages	$238,945,818
Taxable interest	$2,429,828
Ordinary dividends	$2,089,913
Business or professional net income (less loss)	$6,625,044
Net capital gain (less loss)	$1,130,031
Taxable individual retirement arrangements distributions	$5,400,281
Taxable pensions and annuities	$14,589,943
Unemployment compensation [3]	$859,306
Taxable Social Security benefits	$5,251,006
Self-employment retirement plans	$161,325
Total itemized deductions [4]	$64,518,486
State and local income taxes	$8,165,078
State and local general sales tax	$328,135
Real estate taxes	$6,472,236
Taxes paid	$15,837,973
Mortgage interest paid	$36,422,735
Contributions	$5,551,033
Taxable income	$177,647,629
Total tax credits [5]	$3,373,463
Residential energy tax credit	$0
Child tax credit	$2,533,101
Child and dependent care credit	$196,385
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$11,142
Income tax [8]	$23,101,431
Total tax liability [9]	$24,702,519
Tax due at time of filing [10]	$1,573,082
Overpayments refunded [11]	($10,108,989)

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

Number of returns [1]	5,924
Number of joint returns	5,283
Number of returns with paid preparer's signature	2,821
Number of exemptions	18,497
Number of dependents	3,766
Adjust gross income (AGI) [2]	$801,521,886
Salaries and wages	$701,162,332
Taxable interest	$6,769,496
Ordinary dividends	$6,391,989
Business or professional net income (less loss)	$18,669,787
Net capital gain (less loss)	$5,228,450
Taxable individual retirement arrangements distributions	$13,300,978
Taxable pensions and annuities	$29,797,533
Unemployment compensation [3]	$1,031,312
Taxable Social Security benefits	$5,862,887
Self-employment retirement plans	$1,060,372
Total itemized deductions [4]	$164,079,815
State and local income taxes	$29,121,034
State and local general sales tax	$341,876
Real estate taxes	$16,588,990
Taxes paid	$48,446,884
Mortgage interest paid	$87,984,195
Contributions	$16,316,454
Taxable income	$569,320,287
Total tax credits [5]	$3,804,557
Residential energy tax credit	$12,296
Child tax credit	$2,745,320
Child and dependent care credit	$462,054
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$302,495
Income tax [8]	$97,724,597
Total tax liability [9]	$101,609,314
Tax due at time of filing [10]	$6,786,750
Overpayments refunded [11]	($19,211,347)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,637
Number of joint returns	1,532
Number of returns with paid preparer's signature	1,076
Number of exemptions	5,460
Number of dependents	1,110
Adjust gross income (AGI) [2]	$691,991,051
Salaries and wages	$459,963,854
Taxable interest	$11,328,840
Ordinary dividends	$16,094,752
Business or professional net income (less loss)	$18,693,324
Net capital gain (less loss)	$57,519,737
Taxable individual retirement arrangements distributions	$6,829,388
Taxable pensions and annuities	$11,591,592
Unemployment compensation [3]	$121,626
Taxable Social Security benefits	$1,689,152
Self-employment retirement plans	$1,869,241
Total itemized deductions [4]	$111,953,755
State and local income taxes	$29,558,470
State and local general sales tax	$111,375
Real estate taxes	$8,436,187
Taxes paid	$39,247,145
Mortgage interest paid	$35,854,481
Contributions	$13,880,666
Taxable income	$565,505,549
Total tax credits [5]	$1,743,344
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$81,270
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$3,915,139
Income tax [8]	$145,043,357
Total tax liability [9]	$147,802,530
Tax due at time of filing [10]	$16,270,717
Overpayments refunded [11]	($10,762,268)

[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.