Home » California » LOS ANGELES County » ZIP Code 90066 » Tax Stats

90066 Income Tax Overview

Total Number of Tax Returns for ZIP Code 90066 [1]	27,259
Total Number of Joint Tax Returns for ZIP Code 90066	8,440
Total Number of Dependents for ZIP Code 90066	7,504
Total Adjusted Gross Income for ZIP Code 90066	1,824,039,380
Average Income per Person for ZIP Code 90066	$32,998

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]	4,235
Number of joint returns	434
Number of returns with paid preparer's signature	2,538
Number of exemptions	4,507
Number of dependents	487
Adjust gross income (AGI) [2]	$10,121,575
Salaries and wages	$15,736,569
Taxable interest	$2,149,579
Ordinary dividends	$1,667,510
Business or professional net income (less loss)	$2,262,338
Net capital gain (less loss)	$322,518
Taxable individual retirement arrangements distributions	$866,863
Taxable pensions and annuities	$1,608,705
Unemployment compensation [3]	$564,689
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,898,641
State and local income taxes	$596,539
State and local general sales tax	$72,675
Real estate taxes	$1,439,429
Taxes paid	$2,155,388
Mortgage interest paid	$6,671,109
Contributions	$118,306
Taxable income	$892,337
Total tax credits [5]	$4,247
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$875,473
Excess earned income credit (refundable) [7]	$598,423
Alternative minimum tax	$0
Income tax [8]	$89,864
Total tax liability [9]	$1,046,023
Tax due at time of filing [10]	$448,133
Overpayments refunded [11]	($2,368,467)

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

Number of returns [1]	5,310
Number of joint returns	901
Number of returns with paid preparer's signature	3,389
Number of exemptions	8,707
Number of dependents	1,503
Adjust gross income (AGI) [2]	$91,886,330
Salaries and wages	$66,852,931
Taxable interest	$3,782,387
Ordinary dividends	$2,048,217
Business or professional net income (less loss)	$12,427,163
Net capital gain (less loss)	($56,942)
Taxable individual retirement arrangements distributions	$1,934,778
Taxable pensions and annuities	$4,952,902
Unemployment compensation [3]	$1,851,194
Taxable Social Security benefits	$392,258
Self-employment retirement plans	$75,960
Total itemized deductions [4]	$12,989,318
State and local income taxes	$803,349
State and local general sales tax	$145,029
Real estate taxes	$1,425,215
Taxes paid	$2,517,728
Mortgage interest paid	$4,881,722
Contributions	$689,071
Taxable income	$27,994,044
Total tax credits [5]	$486,178
Residential energy tax credit	$0
Child tax credit	$114,817
Child and dependent care credit	$18,601
Earned income credit [6]	$2,567,301
Excess earned income credit (refundable) [7]	$1,958,517
Alternative minimum tax	$0
Income tax [8]	$2,558,973
Total tax liability [9]	$4,669,478
Tax due at time of filing [10]	$1,134,909
Overpayments refunded [11]	($6,818,109)

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

Number of returns [1]	6,476
Number of joint returns	1,398
Number of returns with paid preparer's signature	3,944
Number of exemptions	11,210
Number of dependents	1,758
Adjust gross income (AGI) [2]	$236,849,860
Salaries and wages	$194,975,912
Taxable interest	$5,478,617
Ordinary dividends	$3,278,510
Business or professional net income (less loss)	$14,430,066
Net capital gain (less loss)	($243,222)
Taxable individual retirement arrangements distributions	$3,867,497
Taxable pensions and annuities	$9,897,345
Unemployment compensation [3]	$3,176,483
Taxable Social Security benefits	$4,168,637
Self-employment retirement plans	$298,030
Total itemized deductions [4]	$30,931,636
State and local income taxes	$2,498,093
State and local general sales tax	$343,615
Real estate taxes	$2,957,893
Taxes paid	$6,126,054
Mortgage interest paid	$10,879,025
Contributions	$2,264,049
Taxable income	$136,488,020
Total tax credits [5]	$1,844,367
Residential energy tax credit	$0
Child tax credit	$1,008,590
Child and dependent care credit	$97,290
Earned income credit [6]	$694,897
Excess earned income credit (refundable) [7]	$518,715
Alternative minimum tax	$0
Income tax [8]	$16,004,362
Total tax liability [9]	$18,452,183
Tax due at time of filing [10]	$2,125,265
Overpayments refunded [11]	($9,866,529)

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

Number of returns [1]	4,083
Number of joint returns	1,270
Number of returns with paid preparer's signature	2,559
Number of exemptions	7,126
Number of dependents	1,031
Adjust gross income (AGI) [2]	$250,539,269
Salaries and wages	$201,913,750
Taxable interest	$6,546,080
Ordinary dividends	$4,066,364
Business or professional net income (less loss)	$11,587,596
Net capital gain (less loss)	$376,143
Taxable individual retirement arrangements distributions	$4,162,855
Taxable pensions and annuities	$12,460,393
Unemployment compensation [3]	$1,664,384
Taxable Social Security benefits	$7,438,927
Self-employment retirement plans	$637,082
Total itemized deductions [4]	$38,947,484
State and local income taxes	$5,187,758
State and local general sales tax	$246,364
Real estate taxes	$4,109,676
Taxes paid	$9,957,544
Mortgage interest paid	$14,259,656
Contributions	$3,535,164
Taxable income	$169,661,053
Total tax credits [5]	$1,394,915
Residential energy tax credit	$0
Child tax credit	$969,605
Child and dependent care credit	$84,658
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$38,565
Income tax [8]	$25,286,835
Total tax liability [9]	$27,397,909
Tax due at time of filing [10]	$2,204,406
Overpayments refunded [11]	($7,715,370)

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

Number of returns [1]	2,338
Number of joint returns	1,063
Number of returns with paid preparer's signature	1,568
Number of exemptions	4,553
Number of dependents	688
Adjust gross income (AGI) [2]	$201,881,700
Salaries and wages	$155,212,487
Taxable interest	$5,873,692
Ordinary dividends	$3,734,106
Business or professional net income (less loss)	$8,833,354
Net capital gain (less loss)	$1,543,934
Taxable individual retirement arrangements distributions	$4,185,249
Taxable pensions and annuities	$12,088,406
Unemployment compensation [3]	$1,222,427
Taxable Social Security benefits	$6,454,547
Self-employment retirement plans	$892,311
Total itemized deductions [4]	$41,119,328
State and local income taxes	$7,733,224
State and local general sales tax	$166,776
Real estate taxes	$4,561,753
Taxes paid	$12,885,753
Mortgage interest paid	$16,068,324
Contributions	$3,292,851
Taxable income	$138,605,669
Total tax credits [5]	$1,021,474
Residential energy tax credit	$0
Child tax credit	$631,961
Child and dependent care credit	$68,946
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$73,890
Income tax [8]	$22,129,280
Total tax liability [9]	$23,870,725
Tax due at time of filing [10]	$1,709,797
Overpayments refunded [11]	($5,851,651)

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

Number of returns [1]	3,402
Number of joint returns	2,260
Number of returns with paid preparer's signature	2,430
Number of exemptions	7,851
Number of dependents	1,330
Adjust gross income (AGI) [2]	$468,173,845
Salaries and wages	$351,575,302
Taxable interest	$11,887,751
Ordinary dividends	$8,454,298
Business or professional net income (less loss)	$25,023,388
Net capital gain (less loss)	$4,511,316
Taxable individual retirement arrangements distributions	$8,916,093
Taxable pensions and annuities	$26,172,939
Unemployment compensation [3]	$1,839,514
Taxable Social Security benefits	$9,685,815
Self-employment retirement plans	$2,633,540
Total itemized deductions [4]	$109,043,596
State and local income taxes	$27,048,722
State and local general sales tax	$199,187
Real estate taxes	$12,676,642
Taxes paid	$40,780,149
Mortgage interest paid	$43,090,054
Contributions	$8,229,404
Taxable income	$328,560,862
Total tax credits [5]	$1,183,592
Residential energy tax credit	$22,659
Child tax credit	$515,508
Child and dependent care credit	$178,357
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,060,600
Income tax [8]	$61,383,720
Total tax liability [9]	$65,584,271
Tax due at time of filing [10]	$5,297,943
Overpayments refunded [11]	($12,745,143)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,415
Number of joint returns	1,114
Number of returns with paid preparer's signature	1,146
Number of exemptions	3,736
Number of dependents	707
Adjust gross income (AGI) [2]	$564,586,801
Salaries and wages	$324,621,913
Taxable interest	$13,877,603
Ordinary dividends	$14,144,475
Business or professional net income (less loss)	$28,264,098
Net capital gain (less loss)	$61,386,042
Taxable individual retirement arrangements distributions	$3,845,429
Taxable pensions and annuities	$7,470,481
Unemployment compensation [3]	$550,699
Taxable Social Security benefits	$3,436,332
Self-employment retirement plans	$5,979,877
Total itemized deductions [4]	$107,026,912
State and local income taxes	$44,387,680
State and local general sales tax	$47,854
Real estate taxes	$9,918,040
Taxes paid	$55,242,201
Mortgage interest paid	$32,284,041
Contributions	$12,621,375
Taxable income	$448,121,958
Total tax credits [5]	$1,228,848
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$85,243
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$8,290,027
Income tax [8]	$119,732,748
Total tax liability [9]	$124,235,055
Tax due at time of filing [10]	$12,196,559
Overpayments refunded [11]	($7,196,030)

[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.