Home » California » SAN FRANCISCO County » ZIP Code 94129 » Tax Stats

94129 Income Tax Overview

Total Number of Tax Returns for ZIP Code 94129 [1]	1,762
Total Number of Joint Tax Returns for ZIP Code 94129	417
Total Number of Dependents for ZIP Code 94129	363
Total Adjusted Gross Income for ZIP Code 94129	303,305,502
Average Income per Person for ZIP Code 94129	$95,289

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]	215
Number of joint returns	25
Number of returns with paid preparer's signature	106
Number of exemptions	224
Number of dependents	22
Adjust gross income (AGI) [2]	$565,406
Salaries and wages	$1,106,199
Taxable interest	$62,601
Ordinary dividends	$207,109
Business or professional net income (less loss)	($17,194)
Net capital gain (less loss)	($51,626)
Taxable individual retirement arrangements distributions	$92,858
Taxable pensions and annuities	$87,481
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$736,957
State and local income taxes	$74,673
State and local general sales tax	$8,165
Real estate taxes	$117,348
Taxes paid	$180,168
Mortgage interest paid	$281,820
Contributions	$0
Taxable income	$134,076
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$39,899
Excess earned income credit (refundable) [7]	$32,446
Alternative minimum tax	$0
Income tax [8]	$14,933
Total tax liability [9]	$72,246
Tax due at time of filing [10]	$15,284
Overpayments refunded [11]	($161,434)

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

Number of returns [1]	212
Number of joint returns	0
Number of returns with paid preparer's signature	62
Number of exemptions	230
Number of dependents	16
Adjust gross income (AGI) [2]	$3,729,482
Salaries and wages	$3,179,966
Taxable interest	$102,427
Ordinary dividends	$95,230
Business or professional net income (less loss)	$344,047
Net capital gain (less loss)	$96,963
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$86,192
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$234,687
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$34,940
Mortgage interest paid	$0
Contributions	$12,634
Taxable income	$1,714,945
Total tax credits [5]	$25,044
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$24,799
Excess earned income credit (refundable) [7]	$28,329
Alternative minimum tax	$0
Income tax [8]	$164,855
Total tax liability [9]	$231,486
Tax due at time of filing [10]	$41,466
Overpayments refunded [11]	($236,654)

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

Number of returns [1]	403
Number of joint returns	26
Number of returns with paid preparer's signature	125
Number of exemptions	490
Number of dependents	35
Adjust gross income (AGI) [2]	$15,314,488
Salaries and wages	$14,161,424
Taxable interest	$171,886
Ordinary dividends	$232,132
Business or professional net income (less loss)	$545,136
Net capital gain (less loss)	($7,594)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$552,268
Unemployment compensation [3]	$203,254
Taxable Social Security benefits	$168,776
Self-employment retirement plans	$0
Total itemized deductions [4]	$727,416
State and local income taxes	$109,862
State and local general sales tax	$10,545
Real estate taxes	$66,459
Taxes paid	$188,456
Mortgage interest paid	$195,882
Contributions	$84,404
Taxable income	$10,833,370
Total tax credits [5]	$82,418
Residential energy tax credit	$0
Child tax credit	$35,864
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$1,413,575
Total tax liability [9]	$1,521,688
Tax due at time of filing [10]	$91,951
Overpayments refunded [11]	($594,820)

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

Number of returns [1]	290
Number of joint returns	41
Number of returns with paid preparer's signature	102
Number of exemptions	398
Number of dependents	38
Adjust gross income (AGI) [2]	$17,952,742
Salaries and wages	$16,593,406
Taxable interest	$234,893
Ordinary dividends	$175,576
Business or professional net income (less loss)	$768,359
Net capital gain (less loss)	$71,530
Taxable individual retirement arrangements distributions	$127,861
Taxable pensions and annuities	$226,179
Unemployment compensation [3]	$107,916
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,042,612
State and local income taxes	$291,967
State and local general sales tax	$0
Real estate taxes	$60,093
Taxes paid	$373,281
Mortgage interest paid	$264,203
Contributions	$94,302
Taxable income	$14,081,199
Total tax credits [5]	$68,350
Residential energy tax credit	$0
Child tax credit	$45,625
Child and dependent care credit	$7,678
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,338,483
Total tax liability [9]	$2,446,847
Tax due at time of filing [10]	$178,324
Overpayments refunded [11]	($405,849)

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

Number of returns [1]	186
Number of joint returns	50
Number of returns with paid preparer's signature	70
Number of exemptions	308
Number of dependents	41
Adjust gross income (AGI) [2]	$15,917,926
Salaries and wages	$14,081,279
Taxable interest	$150,252
Ordinary dividends	$506,744
Business or professional net income (less loss)	$478,658
Net capital gain (less loss)	$237,961
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$319,025
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,566,822
State and local income taxes	$596,043
State and local general sales tax	$0
Real estate taxes	$90,089
Taxes paid	$706,023
Mortgage interest paid	$342,055
Contributions	$133,877
Taxable income	$12,628,887
Total tax credits [5]	$82,767
Residential energy tax credit	$0
Child tax credit	$56,700
Child and dependent care credit	$5,643
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,185,207
Total tax liability [9]	$2,307,302
Tax due at time of filing [10]	$122,871
Overpayments refunded [11]	($444,882)

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

Number of returns [1]	244
Number of joint returns	112
Number of returns with paid preparer's signature	118
Number of exemptions	504
Number of dependents	91
Adjust gross income (AGI) [2]	$33,415,598
Salaries and wages	$28,139,358
Taxable interest	$369,821
Ordinary dividends	$948,584
Business or professional net income (less loss)	$1,696,116
Net capital gain (less loss)	$501,022
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$590,439
Unemployment compensation [3]	$33,493
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,020,662
State and local income taxes	$2,104,316
State and local general sales tax	$0
Real estate taxes	$183,429
Taxes paid	$2,336,485
Mortgage interest paid	$732,415
Contributions	$372,818
Taxable income	$27,027,344
Total tax credits [5]	$76,538
Residential energy tax credit	$0
Child tax credit	$40,650
Child and dependent care credit	$14,306
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$132,340
Income tax [8]	$5,534,137
Total tax liability [9]	$5,817,246
Tax due at time of filing [10]	$451,535
Overpayments refunded [11]	($909,326)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	212
Number of joint returns	163
Number of returns with paid preparer's signature	145
Number of exemptions	611
Number of dependents	120
Adjust gross income (AGI) [2]	$216,409,860
Salaries and wages	$94,942,853
Taxable interest	$12,162,967
Ordinary dividends	$41,845,575
Business or professional net income (less loss)	$3,111,017
Net capital gain (less loss)	$36,297,783
Taxable individual retirement arrangements distributions	$299,661
Taxable pensions and annuities	$622,000
Unemployment compensation [3]	$89,680
Taxable Social Security benefits	$243,761
Self-employment retirement plans	$760,997
Total itemized deductions [4]	$69,198,898
State and local income taxes	$31,212,192
State and local general sales tax	$0
Real estate taxes	$1,315,568
Taxes paid	$32,678,438
Mortgage interest paid	$1,888,811
Contributions	$9,183,276
Taxable income	$149,140,900
Total tax credits [5]	$1,106,597
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$14,059
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$6,439,092
Income tax [8]	$43,387,102
Total tax liability [9]	$44,333,294
Tax due at time of filing [10]	$3,366,463
Overpayments refunded [11]	($7,137,910)

[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.