Home » Arizona » MARICOPA County » ZIP Code 85018 » Tax Stats

85018 Income Tax Overview

Total Number of Tax Returns for ZIP Code 85018 [1]	17,235
Total Number of Joint Tax Returns for ZIP Code 85018	5,438
Total Number of Dependents for ZIP Code 85018	5,187
Total Adjusted Gross Income for ZIP Code 85018	1,728,688,896
Average Income per Person for ZIP Code 85018	$47,933

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]	2,821
Number of joint returns	268
Number of returns with paid preparer's signature	1,624
Number of exemptions	3,022
Number of dependents	424
Adjust gross income (AGI) [2]	$4,665,975
Salaries and wages	$18,840,690
Taxable interest	$7,696,719
Ordinary dividends	$2,776,544
Business or professional net income (less loss)	($5,925,195)
Net capital gain (less loss)	$3,381,434
Taxable individual retirement arrangements distributions	$1,889,880
Taxable pensions and annuities	$1,489,229
Unemployment compensation [3]	$221,380
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$18,850,255
State and local income taxes	$2,008,196
State and local general sales tax	$111,094
Real estate taxes	$2,025,786
Taxes paid	$4,295,881
Mortgage interest paid	$8,472,059
Contributions	$105,058
Taxable income	$717,375
Total tax credits [5]	$10,956
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$731,116
Excess earned income credit (refundable) [7]	$616,681
Alternative minimum tax	$0
Income tax [8]	$72,808
Total tax liability [9]	$531,368
Tax due at time of filing [10]	$186,461
Overpayments refunded [11]	($3,887,185)

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

Number of returns [1]	3,576
Number of joint returns	469
Number of returns with paid preparer's signature	2,034
Number of exemptions	6,123
Number of dependents	1,115
Adjust gross income (AGI) [2]	$62,687,804
Salaries and wages	$50,063,536
Taxable interest	$1,988,483
Ordinary dividends	$1,594,511
Business or professional net income (less loss)	$3,150,536
Net capital gain (less loss)	$25,593
Taxable individual retirement arrangements distributions	$2,112,121
Taxable pensions and annuities	$4,405,764
Unemployment compensation [3]	$700,255
Taxable Social Security benefits	$374,671
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,982,653
State and local income taxes	$386,065
State and local general sales tax	$190,745
Real estate taxes	$989,644
Taxes paid	$1,708,483
Mortgage interest paid	$3,732,039
Contributions	$869,134
Taxable income	$18,119,183
Total tax credits [5]	$314,126
Residential energy tax credit	$0
Child tax credit	$108,417
Child and dependent care credit	$12,477
Earned income credit [6]	$2,096,767
Excess earned income credit (refundable) [7]	$1,892,790
Alternative minimum tax	$30,304
Income tax [8]	$1,666,665
Total tax liability [9]	$2,285,018
Tax due at time of filing [10]	$368,204
Overpayments refunded [11]	($6,103,543)

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

Number of returns [1]	4,077
Number of joint returns	765
Number of returns with paid preparer's signature	2,088
Number of exemptions	7,070
Number of dependents	1,120
Adjust gross income (AGI) [2]	$146,147,157
Salaries and wages	$121,831,527
Taxable interest	$3,028,765
Ordinary dividends	$3,173,060
Business or professional net income (less loss)	$4,935,294
Net capital gain (less loss)	$453,463
Taxable individual retirement arrangements distributions	$2,992,861
Taxable pensions and annuities	$7,617,618
Unemployment compensation [3]	$526,787
Taxable Social Security benefits	$3,282,812
Self-employment retirement plans	$114,693
Total itemized deductions [4]	$23,076,304
State and local income taxes	$1,585,682
State and local general sales tax	$311,503
Real estate taxes	$2,075,906
Taxes paid	$4,266,873
Mortgage interest paid	$10,109,779
Contributions	$1,798,663
Taxable income	$81,219,087
Total tax credits [5]	$1,107,388
Residential energy tax credit	$12,979
Child tax credit	$681,513
Child and dependent care credit	$60,720
Earned income credit [6]	$442,437
Excess earned income credit (refundable) [7]	$361,754
Alternative minimum tax	$0
Income tax [8]	$9,376,195
Total tax liability [9]	$10,563,747
Tax due at time of filing [10]	$1,128,601
Overpayments refunded [11]	($7,246,332)

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

Number of returns [1]	2,041
Number of joint returns	713
Number of returns with paid preparer's signature	1,211
Number of exemptions	3,681
Number of dependents	538
Adjust gross income (AGI) [2]	$125,105,383
Salaries and wages	$91,891,450
Taxable interest	$4,284,111
Ordinary dividends	$3,620,802
Business or professional net income (less loss)	$4,475,360
Net capital gain (less loss)	$748,401
Taxable individual retirement arrangements distributions	$3,613,901
Taxable pensions and annuities	$10,105,873
Unemployment compensation [3]	$175,012
Taxable Social Security benefits	$6,252,617
Self-employment retirement plans	$220,601
Total itemized deductions [4]	$26,799,376
State and local income taxes	$2,347,920
State and local general sales tax	$347,045
Real estate taxes	$2,683,218
Taxes paid	$5,765,428
Mortgage interest paid	$12,717,836
Contributions	$2,545,623
Taxable income	$79,972,494
Total tax credits [5]	$705,529
Residential energy tax credit	$0
Child tax credit	$512,438
Child and dependent care credit	$35,914
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,328,076
Total tax liability [9]	$12,349,861
Tax due at time of filing [10]	$1,079,281
Overpayments refunded [11]	($4,789,018)

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

Number of returns [1]	1,266
Number of joint returns	659
Number of returns with paid preparer's signature	784
Number of exemptions	2,616
Number of dependents	402
Adjust gross income (AGI) [2]	$109,654,309
Salaries and wages	$77,340,857
Taxable interest	$3,607,469
Ordinary dividends	$3,480,691
Business or professional net income (less loss)	$5,827,795
Net capital gain (less loss)	$950,285
Taxable individual retirement arrangements distributions	$3,898,941
Taxable pensions and annuities	$8,253,836
Unemployment compensation [3]	$60,008
Taxable Social Security benefits	$4,752,454
Self-employment retirement plans	$400,547
Total itemized deductions [4]	$24,792,425
State and local income taxes	$2,850,691
State and local general sales tax	$246,749
Real estate taxes	$2,544,575
Taxes paid	$5,982,195
Mortgage interest paid	$11,887,292
Contributions	$2,287,764
Taxable income	$73,219,808
Total tax credits [5]	$631,807
Residential energy tax credit	$0
Child tax credit	$404,357
Child and dependent care credit	$35,557
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,152,871
Total tax liability [9]	$12,202,068
Tax due at time of filing [10]	$1,332,464
Overpayments refunded [11]	($3,757,750)

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

Number of returns [1]	1,937
Number of joint returns	1,343
Number of returns with paid preparer's signature	1,285
Number of exemptions	4,700
Number of dependents	798
Adjust gross income (AGI) [2]	$266,655,976
Salaries and wages	$184,975,901
Taxable interest	$9,109,261
Ordinary dividends	$10,272,907
Business or professional net income (less loss)	$14,250,001
Net capital gain (less loss)	$5,203,938
Taxable individual retirement arrangements distributions	$9,716,498
Taxable pensions and annuities	$14,931,164
Unemployment compensation [3]	$103,205
Taxable Social Security benefits	$8,197,831
Self-employment retirement plans	$1,229,333
Total itemized deductions [4]	$59,654,876
State and local income taxes	$9,298,857
State and local general sales tax	$419,281
Real estate taxes	$6,505,944
Taxes paid	$17,048,173
Mortgage interest paid	$27,431,892
Contributions	$6,568,315
Taxable income	$188,725,721
Total tax credits [5]	$754,686
Residential energy tax credit	$11,816
Child tax credit	$368,512
Child and dependent care credit	$91,620
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$265,564
Income tax [8]	$34,225,810
Total tax liability [9]	$36,577,711
Tax due at time of filing [10]	$3,678,906
Overpayments refunded [11]	($8,174,131)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,517
Number of joint returns	1,221
Number of returns with paid preparer's signature	1,272
Number of exemptions	4,353
Number of dependents	790
Adjust gross income (AGI) [2]	$1,013,772,292
Salaries and wages	$426,003,777
Taxable interest	$59,567,484
Ordinary dividends	$52,611,790
Business or professional net income (less loss)	$31,021,021
Net capital gain (less loss)	$155,947,448
Taxable individual retirement arrangements distributions	$13,327,385
Taxable pensions and annuities	$10,806,788
Unemployment compensation [3]	$0
Taxable Social Security benefits	$5,813,593
Self-employment retirement plans	$5,300,120
Total itemized deductions [4]	$198,757,843
State and local income taxes	$60,062,167
State and local general sales tax	$255,204
Real estate taxes	$13,431,657
Taxes paid	$75,066,400
Mortgage interest paid	$38,250,335
Contributions	$26,136,713
Taxable income	$808,567,995
Total tax credits [5]	$2,499,725
Residential energy tax credit	$14,951
Child tax credit	$0
Child and dependent care credit	$54,254
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$8,549,824
Income tax [8]	$223,934,051
Total tax liability [9]	$228,917,310
Tax due at time of filing [10]	$21,548,235
Overpayments refunded [11]	($18,148,122)

[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.