Home » California » LOS ANGELES County » ZIP Code 90640 » Tax Stats

90640 Income Tax Overview

Total Number of Tax Returns for ZIP Code 90640 [1]	26,228
Total Number of Joint Tax Returns for ZIP Code 90640	8,065
Total Number of Dependents for ZIP Code 90640	12,284
Total Adjusted Gross Income for ZIP Code 90640	1,076,239,551
Average Income per Person for ZIP Code 90640	$17,206

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]	4,150
Number of joint returns	562
Number of returns with paid preparer's signature	2,717
Number of exemptions	5,278
Number of dependents	909
Adjust gross income (AGI) [2]	$16,937,240
Salaries and wages	$17,266,516
Taxable interest	$1,294,685
Ordinary dividends	$283,421
Business or professional net income (less loss)	$2,471,799
Net capital gain (less loss)	$486,503
Taxable individual retirement arrangements distributions	$587,712
Taxable pensions and annuities	$1,506,199
Unemployment compensation [3]	$580,841
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,741,686
State and local income taxes	$165,009
State and local general sales tax	$53,128
Real estate taxes	$688,929
Taxes paid	$953,728
Mortgage interest paid	$2,823,265
Contributions	$61,774
Taxable income	$782,381
Total tax credits [5]	$2,207
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,850,699
Excess earned income credit (refundable) [7]	$1,498,300
Alternative minimum tax	$0
Income tax [8]	$91,814
Total tax liability [9]	$822,744
Tax due at time of filing [10]	$310,822
Overpayments refunded [11]	($3,135,009)

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

Number of returns [1]	7,370
Number of joint returns	1,382
Number of returns with paid preparer's signature	5,593
Number of exemptions	14,867
Number of dependents	3,550
Adjust gross income (AGI) [2]	$127,540,539
Salaries and wages	$101,826,841
Taxable interest	$2,639,013
Ordinary dividends	$567,315
Business or professional net income (less loss)	$11,607,447
Net capital gain (less loss)	($85,078)
Taxable individual retirement arrangements distributions	$1,406,370
Taxable pensions and annuities	$7,091,396
Unemployment compensation [3]	$2,784,936
Taxable Social Security benefits	$313,253
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,954,011
State and local income taxes	$346,839
State and local general sales tax	$233,781
Real estate taxes	$1,562,481
Taxes paid	$2,371,323
Mortgage interest paid	$5,729,156
Contributions	$573,932
Taxable income	$30,351,172
Total tax credits [5]	$812,801
Residential energy tax credit	$0
Child tax credit	$327,423
Child and dependent care credit	$53,821
Earned income credit [6]	$8,358,216
Excess earned income credit (refundable) [7]	$7,121,079
Alternative minimum tax	$0
Income tax [8]	$2,470,851
Total tax liability [9]	$4,274,008
Tax due at time of filing [10]	$618,424
Overpayments refunded [11]	($15,495,800)

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

Number of returns [1]	7,621
Number of joint returns	2,071
Number of returns with paid preparer's signature	5,771
Number of exemptions	17,504
Number of dependents	4,053
Adjust gross income (AGI) [2]	$274,707,483
Salaries and wages	$241,197,575
Taxable interest	$3,542,508
Ordinary dividends	$915,057
Business or professional net income (less loss)	$8,577,401
Net capital gain (less loss)	($175,840)
Taxable individual retirement arrangements distributions	$2,257,245
Taxable pensions and annuities	$11,635,106
Unemployment compensation [3]	$2,721,580
Taxable Social Security benefits	$3,798,980
Self-employment retirement plans	$0
Total itemized deductions [4]	$37,659,271
State and local income taxes	$1,759,840
State and local general sales tax	$628,096
Real estate taxes	$4,502,995
Taxes paid	$7,690,213
Mortgage interest paid	$16,609,816
Contributions	$2,465,125
Taxable income	$134,400,172
Total tax credits [5]	$3,970,914
Residential energy tax credit	$0
Child tax credit	$2,465,759
Child and dependent care credit	$358,499
Earned income credit [6]	$2,097,660
Excess earned income credit (refundable) [7]	$1,685,371
Alternative minimum tax	$0
Income tax [8]	$12,886,645
Total tax liability [9]	$14,410,828
Tax due at time of filing [10]	$1,387,347
Overpayments refunded [11]	($16,632,164)

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

Number of returns [1]	3,559
Number of joint returns	1,528
Number of returns with paid preparer's signature	2,687
Number of exemptions	8,790
Number of dependents	1,856
Adjust gross income (AGI) [2]	$217,231,822
Salaries and wages	$185,917,899
Taxable interest	$3,855,516
Ordinary dividends	$1,174,361
Business or professional net income (less loss)	$3,690,594
Net capital gain (less loss)	$22,952
Taxable individual retirement arrangements distributions	$2,273,257
Taxable pensions and annuities	$12,468,920
Unemployment compensation [3]	$1,095,710
Taxable Social Security benefits	$5,468,454
Self-employment retirement plans	$104,301
Total itemized deductions [4]	$41,439,890
State and local income taxes	$3,921,182
State and local general sales tax	$550,930
Real estate taxes	$5,023,547
Taxes paid	$10,354,616
Mortgage interest paid	$18,377,029
Contributions	$3,270,669
Taxable income	$130,157,619
Total tax credits [5]	$2,457,836
Residential energy tax credit	$11,879
Child tax credit	$1,881,129
Child and dependent care credit	$168,429
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$29,904
Income tax [8]	$16,527,175
Total tax liability [9]	$17,303,653
Tax due at time of filing [10]	$1,211,144
Overpayments refunded [11]	($9,198,472)

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

Number of returns [1]	1,679
Number of joint returns	1,063
Number of returns with paid preparer's signature	1,268
Number of exemptions	4,547
Number of dependents	919
Adjust gross income (AGI) [2]	$143,951,594
Salaries and wages	$117,780,094
Taxable interest	$3,155,493
Ordinary dividends	$1,126,801
Business or professional net income (less loss)	$2,241,246
Net capital gain (less loss)	$245,762
Taxable individual retirement arrangements distributions	$2,029,532
Taxable pensions and annuities	$10,195,260
Unemployment compensation [3]	$513,667
Taxable Social Security benefits	$4,210,737
Self-employment retirement plans	$0
Total itemized deductions [4]	$30,930,465
State and local income taxes	$4,243,432
State and local general sales tax	$206,437
Real estate taxes	$3,818,580
Taxes paid	$8,807,520
Mortgage interest paid	$13,971,438
Contributions	$2,546,558
Taxable income	$92,145,411
Total tax credits [5]	$1,387,054
Residential energy tax credit	$0
Child tax credit	$997,523
Child and dependent care credit	$101,013
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$33,869
Income tax [8]	$12,781,857
Total tax liability [9]	$13,289,254
Tax due at time of filing [10]	$839,209
Overpayments refunded [11]	($5,201,995)

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

Number of returns [1]	1,623
Number of joint returns	1,276
Number of returns with paid preparer's signature	1,212
Number of exemptions	4,752
Number of dependents	892
Adjust gross income (AGI) [2]	$212,186,216
Salaries and wages	$161,918,318
Taxable interest	$6,317,401
Ordinary dividends	$2,423,983
Business or professional net income (less loss)	$4,536,507
Net capital gain (less loss)	$2,072,338
Taxable individual retirement arrangements distributions	$4,084,002
Taxable pensions and annuities	$16,797,929
Unemployment compensation [3]	$496,948
Taxable Social Security benefits	$5,333,079
Self-employment retirement plans	$392,657
Total itemized deductions [4]	$46,371,377
State and local income taxes	$9,617,388
State and local general sales tax	$149,897
Real estate taxes	$5,644,765
Taxes paid	$16,115,914
Mortgage interest paid	$19,111,674
Contributions	$4,064,336
Taxable income	$146,836,234
Total tax credits [5]	$916,557
Residential energy tax credit	$0
Child tax credit	$640,352
Child and dependent care credit	$147,195
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$504,907
Income tax [8]	$25,811,538
Total tax liability [9]	$26,712,336
Tax due at time of filing [10]	$2,084,598
Overpayments refunded [11]	($5,301,170)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	226
Number of joint returns	183
Number of returns with paid preparer's signature	181
Number of exemptions	622
Number of dependents	105
Adjust gross income (AGI) [2]	$83,684,657
Salaries and wages	$37,344,506
Taxable interest	$4,983,813
Ordinary dividends	$1,394,124
Business or professional net income (less loss)	$2,716,088
Net capital gain (less loss)	$5,945,296
Taxable individual retirement arrangements distributions	$921,622
Taxable pensions and annuities	$3,734,377
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,341,905
Self-employment retirement plans	$0
Total itemized deductions [4]	$18,175,432
State and local income taxes	$5,361,207
State and local general sales tax	$0
Real estate taxes	$1,386,125
Taxes paid	$6,918,180
Mortgage interest paid	$3,744,497
Contributions	$2,248,215
Taxable income	$63,801,264
Total tax credits [5]	$32,038
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$9,168
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$926,633
Income tax [8]	$15,704,248
Total tax liability [9]	$16,078,185
Tax due at time of filing [10]	$2,614,852
Overpayments refunded [11]	($1,380,378)

[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.