Home » California » SAN LUIS OBISPO County » ZIP Code 93401 » Tax Stats

93401 Income Tax Overview

Total Number of Tax Returns for ZIP Code 93401 [1]	12,669
Total Number of Joint Tax Returns for ZIP Code 93401	4,189
Total Number of Dependents for ZIP Code 93401	2,856
Total Adjusted Gross Income for ZIP Code 93401	813,104,060
Average Income per Person for ZIP Code 93401	$29,005

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]	2,630
Number of joint returns	209
Number of returns with paid preparer's signature	1,108
Number of exemptions	2,152
Number of dependents	196
Adjust gross income (AGI) [2]	$6,285,240
Salaries and wages	$12,503,768
Taxable interest	$4,133,652
Ordinary dividends	$1,260,953
Business or professional net income (less loss)	($1,346,835)
Net capital gain (less loss)	$6,067,472
Taxable individual retirement arrangements distributions	$932,137
Taxable pensions and annuities	$1,089,827
Unemployment compensation [3]	$234,275
Taxable Social Security benefits	$0
Self-employment retirement plans	$60,129
Total itemized deductions [4]	$12,586,279
State and local income taxes	$1,368,327
State and local general sales tax	$34,007
Real estate taxes	$1,179,060
Taxes paid	$3,310,062
Mortgage interest paid	$4,417,902
Contributions	$58,118
Taxable income	$835,263
Total tax credits [5]	$3,361
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$352,165
Excess earned income credit (refundable) [7]	$273,406
Alternative minimum tax	$0
Income tax [8]	$77,002
Total tax liability [9]	$501,429
Tax due at time of filing [10]	$182,622
Overpayments refunded [11]	($1,852,675)

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

Number of returns [1]	2,627
Number of joint returns	282
Number of returns with paid preparer's signature	1,116
Number of exemptions	3,296
Number of dependents	394
Adjust gross income (AGI) [2]	$44,395,771
Salaries and wages	$34,033,396
Taxable interest	$1,976,968
Ordinary dividends	$1,117,167
Business or professional net income (less loss)	$3,365,323
Net capital gain (less loss)	$101,362
Taxable individual retirement arrangements distributions	$866,166
Taxable pensions and annuities	$3,518,944
Unemployment compensation [3]	$648,069
Taxable Social Security benefits	$249,097
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,156,868
State and local income taxes	$493,480
State and local general sales tax	$72,679
Real estate taxes	$581,617
Taxes paid	$1,194,616
Mortgage interest paid	$2,072,389
Contributions	$346,558
Taxable income	$16,222,425
Total tax credits [5]	$216,542
Residential energy tax credit	$0
Child tax credit	$32,563
Child and dependent care credit	$10,759
Earned income credit [6]	$779,953
Excess earned income credit (refundable) [7]	$648,391
Alternative minimum tax	$0
Income tax [8]	$1,531,602
Total tax liability [9]	$2,112,898
Tax due at time of filing [10]	$358,153
Overpayments refunded [11]	($2,922,712)

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

Number of returns [1]	2,680
Number of joint returns	590
Number of returns with paid preparer's signature	1,212
Number of exemptions	4,201
Number of dependents	529
Adjust gross income (AGI) [2]	$97,505,492
Salaries and wages	$74,554,227
Taxable interest	$3,025,065
Ordinary dividends	$2,176,410
Business or professional net income (less loss)	$4,576,548
Net capital gain (less loss)	$235,978
Taxable individual retirement arrangements distributions	$1,995,907
Taxable pensions and annuities	$7,953,331
Unemployment compensation [3]	$745,851
Taxable Social Security benefits	$2,676,012
Self-employment retirement plans	$128,146
Total itemized deductions [4]	$12,428,384
State and local income taxes	$939,532
State and local general sales tax	$179,277
Real estate taxes	$1,227,697
Taxes paid	$2,426,962
Mortgage interest paid	$4,695,638
Contributions	$916,327
Taxable income	$57,921,763
Total tax credits [5]	$593,903
Residential energy tax credit	$0
Child tax credit	$349,646
Child and dependent care credit	$35,676
Earned income credit [6]	$195,951
Excess earned income credit (refundable) [7]	$141,056
Alternative minimum tax	$0
Income tax [8]	$6,904,671
Total tax liability [9]	$7,835,167
Tax due at time of filing [10]	$752,326
Overpayments refunded [11]	($3,577,689)

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

Number of returns [1]	1,531
Number of joint returns	651
Number of returns with paid preparer's signature	910
Number of exemptions	2,838
Number of dependents	386
Adjust gross income (AGI) [2]	$94,033,260
Salaries and wages	$62,345,177
Taxable interest	$3,459,079
Ordinary dividends	$2,881,919
Business or professional net income (less loss)	$4,677,530
Net capital gain (less loss)	$1,165,686
Taxable individual retirement arrangements distributions	$2,274,102
Taxable pensions and annuities	$11,967,325
Unemployment compensation [3]	$449,617
Taxable Social Security benefits	$4,784,873
Self-employment retirement plans	$178,148
Total itemized deductions [4]	$18,837,143
State and local income taxes	$2,145,199
State and local general sales tax	$139,263
Real estate taxes	$2,114,208
Taxes paid	$4,554,032
Mortgage interest paid	$7,377,236
Contributions	$1,526,426
Taxable income	$60,293,872
Total tax credits [5]	$530,476
Residential energy tax credit	$0
Child tax credit	$358,925
Child and dependent care credit	$30,871
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$8,488,055
Total tax liability [9]	$9,405,387
Tax due at time of filing [10]	$894,598
Overpayments refunded [11]	($2,842,535)

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

Number of returns [1]	1,009
Number of joint returns	655
Number of returns with paid preparer's signature	631
Number of exemptions	2,278
Number of dependents	344
Adjust gross income (AGI) [2]	$87,198,808
Salaries and wages	$56,461,355
Taxable interest	$3,107,651
Ordinary dividends	$2,371,395
Business or professional net income (less loss)	$5,093,133
Net capital gain (less loss)	$812,008
Taxable individual retirement arrangements distributions	$2,837,190
Taxable pensions and annuities	$11,117,284
Unemployment compensation [3]	$244,733
Taxable Social Security benefits	$4,192,327
Self-employment retirement plans	$308,224
Total itemized deductions [4]	$20,127,945
State and local income taxes	$2,900,332
State and local general sales tax	$109,980
Real estate taxes	$2,344,204
Taxes paid	$5,512,466
Mortgage interest paid	$8,512,412
Contributions	$1,638,675
Taxable income	$57,354,084
Total tax credits [5]	$552,634
Residential energy tax credit	$0
Child tax credit	$394,142
Child and dependent care credit	$36,541
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$8,247,263
Total tax liability [9]	$9,102,238
Tax due at time of filing [10]	$800,435
Overpayments refunded [11]	($2,469,171)

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

Number of returns [1]	1,581
Number of joint returns	1,279
Number of returns with paid preparer's signature	1,083
Number of exemptions	4,149
Number of dependents	689
Adjust gross income (AGI) [2]	$216,240,121
Salaries and wages	$138,405,228
Taxable interest	$7,170,702
Ordinary dividends	$6,643,649
Business or professional net income (less loss)	$15,991,888
Net capital gain (less loss)	$4,212,977
Taxable individual retirement arrangements distributions	$6,141,921
Taxable pensions and annuities	$21,856,806
Unemployment compensation [3]	$405,407
Taxable Social Security benefits	$6,356,345
Self-employment retirement plans	$1,729,945
Total itemized deductions [4]	$53,641,252
State and local income taxes	$12,366,220
State and local general sales tax	$131,716
Real estate taxes	$6,629,503
Taxes paid	$19,587,889
Mortgage interest paid	$21,778,492
Contributions	$5,189,525
Taxable income	$148,011,579
Total tax credits [5]	$680,971
Residential energy tax credit	$0
Child tax credit	$370,750
Child and dependent care credit	$50,938
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$370,182
Income tax [8]	$25,873,421
Total tax liability [9]	$28,251,569
Tax due at time of filing [10]	$2,506,952
Overpayments refunded [11]	($6,320,813)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	611
Number of joint returns	523
Number of returns with paid preparer's signature	504
Number of exemptions	1,747
Number of dependents	318
Adjust gross income (AGI) [2]	$267,445,368
Salaries and wages	$111,275,393
Taxable interest	$9,067,752
Ordinary dividends	$7,542,404
Business or professional net income (less loss)	$18,729,849
Net capital gain (less loss)	$27,802,336
Taxable individual retirement arrangements distributions	$3,538,701
Taxable pensions and annuities	$5,965,481
Unemployment compensation [3]	$0
Taxable Social Security benefits	$2,567,486
Self-employment retirement plans	$2,480,532
Total itemized deductions [4]	$53,983,364
State and local income taxes	$25,161,771
State and local general sales tax	$0
Real estate taxes	$4,719,732
Taxes paid	$30,183,088
Mortgage interest paid	$13,640,277
Contributions	$7,178,401
Taxable income	$208,420,946
Total tax credits [5]	$659,943
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$17,745
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$4,575,500
Income tax [8]	$57,295,103
Total tax liability [9]	$59,551,353
Tax due at time of filing [10]	$6,194,468
Overpayments refunded [11]	($4,300,334)

[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.