Home » Washington » KING County » ZIP Code 98032 » Tax Stats

98032 Income Tax Overview

Total Number of Tax Returns for ZIP Code 98032 [1]	15,016
Total Number of Joint Tax Returns for ZIP Code 98032	4,469
Total Number of Dependents for ZIP Code 98032	5,473
Total Adjusted Gross Income for ZIP Code 98032	718,098,167
Average Income per Person for ZIP Code 98032	$21,212

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]	1,920
Number of joint returns	137
Number of returns with paid preparer's signature	818
Number of exemptions	2,269
Number of dependents	380
Adjust gross income (AGI) [2]	$8,748,898
Salaries and wages	$10,154,463
Taxable interest	$321,200
Ordinary dividends	$251,476
Business or professional net income (less loss)	($476,982)
Net capital gain (less loss)	($120,419)
Taxable individual retirement arrangements distributions	$377,877
Taxable pensions and annuities	$715,210
Unemployment compensation [3]	$199,690
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,110,014
State and local income taxes	$0
State and local general sales tax	$48,872
Real estate taxes	$224,245
Taxes paid	$397,057
Mortgage interest paid	$1,006,458
Contributions	$41,486
Taxable income	$437,657
Total tax credits [5]	$411
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$722,142
Excess earned income credit (refundable) [7]	$664,350
Alternative minimum tax	$0
Income tax [8]	$42,406
Total tax liability [9]	$199,131
Tax due at time of filing [10]	$51,280
Overpayments refunded [11]	($1,609,184)

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

Number of returns [1]	3,267
Number of joint returns	416
Number of returns with paid preparer's signature	1,650
Number of exemptions	6,170
Number of dependents	1,318
Adjust gross income (AGI) [2]	$58,341,896
Salaries and wages	$50,368,732
Taxable interest	$745,357
Ordinary dividends	$359,994
Business or professional net income (less loss)	$2,377,829
Net capital gain (less loss)	($44,639)
Taxable individual retirement arrangements distributions	$760,716
Taxable pensions and annuities	$3,310,250
Unemployment compensation [3]	$1,158,834
Taxable Social Security benefits	$160,883
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,717,063
State and local income taxes	$43,944
State and local general sales tax	$157,268
Real estate taxes	$734,493
Taxes paid	$1,086,790
Mortgage interest paid	$2,110,302
Contributions	$291,342
Taxable income	$17,096,032
Total tax credits [5]	$310,642
Residential energy tax credit	$0
Child tax credit	$151,603
Child and dependent care credit	$20,163
Earned income credit [6]	$2,567,150
Excess earned income credit (refundable) [7]	$2,357,584
Alternative minimum tax	$0
Income tax [8]	$1,573,430
Total tax liability [9]	$1,972,650
Tax due at time of filing [10]	$196,425
Overpayments refunded [11]	($6,545,979)

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

Number of returns [1]	4,811
Number of joint returns	1,044
Number of returns with paid preparer's signature	2,196
Number of exemptions	9,895
Number of dependents	1,867
Adjust gross income (AGI) [2]	$175,239,857
Salaries and wages	$158,942,219
Taxable interest	$1,245,649
Ordinary dividends	$804,595
Business or professional net income (less loss)	$2,780,590
Net capital gain (less loss)	$25,566
Taxable individual retirement arrangements distributions	$1,605,088
Taxable pensions and annuities	$6,931,127
Unemployment compensation [3]	$1,651,327
Taxable Social Security benefits	$2,036,033
Self-employment retirement plans	$0
Total itemized deductions [4]	$17,448,721
State and local income taxes	$97,570
State and local general sales tax	$854,401
Real estate taxes	$2,216,155
Taxes paid	$3,309,556
Mortgage interest paid	$9,830,287
Contributions	$1,170,897
Taxable income	$96,845,956
Total tax credits [5]	$1,789,516
Residential energy tax credit	$0
Child tax credit	$1,363,869
Child and dependent care credit	$110,753
Earned income credit [6]	$799,633
Excess earned income credit (refundable) [7]	$663,931
Alternative minimum tax	$0
Income tax [8]	$10,724,443
Total tax liability [9]	$11,254,587
Tax due at time of filing [10]	$514,156
Overpayments refunded [11]	($9,820,287)

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

Number of returns [1]	2,431
Number of joint returns	992
Number of returns with paid preparer's signature	1,094
Number of exemptions	5,178
Number of dependents	862
Adjust gross income (AGI) [2]	$149,108,620
Salaries and wages	$131,674,908
Taxable interest	$1,546,014
Ordinary dividends	$854,447
Business or professional net income (less loss)	$1,742,852
Net capital gain (less loss)	$5,952
Taxable individual retirement arrangements distributions	$2,253,823
Taxable pensions and annuities	$7,571,026
Unemployment compensation [3]	$955,091
Taxable Social Security benefits	$3,623,322
Self-employment retirement plans	$67,793
Total itemized deductions [4]	$22,185,333
State and local income taxes	$204,832
State and local general sales tax	$1,404,770
Real estate taxes	$2,923,388
Taxes paid	$4,744,833
Mortgage interest paid	$12,695,312
Contributions	$1,611,680
Taxable income	$98,429,356
Total tax credits [5]	$1,348,229
Residential energy tax credit	$0
Child tax credit	$1,112,488
Child and dependent care credit	$44,816
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$13,596
Income tax [8]	$13,615,504
Total tax liability [9]	$14,037,662
Tax due at time of filing [10]	$698,635
Overpayments refunded [11]	($6,064,452)

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

Number of returns [1]	1,213
Number of joint returns	769
Number of returns with paid preparer's signature	556
Number of exemptions	2,824
Number of dependents	462
Adjust gross income (AGI) [2]	$104,849,053
Salaries and wages	$90,469,054
Taxable interest	$1,429,169
Ordinary dividends	$839,215
Business or professional net income (less loss)	$1,061,078
Net capital gain (less loss)	$437,941
Taxable individual retirement arrangements distributions	$2,295,971
Taxable pensions and annuities	$5,964,318
Unemployment compensation [3]	$389,338
Taxable Social Security benefits	$2,946,536
Self-employment retirement plans	$0
Total itemized deductions [4]	$17,359,468
State and local income taxes	$171,837
State and local general sales tax	$1,259,792
Real estate taxes	$2,319,780
Taxes paid	$3,871,707
Mortgage interest paid	$9,530,562
Contributions	$1,831,085
Taxable income	$73,584,372
Total tax credits [5]	$857,030
Residential energy tax credit	$0
Child tax credit	$548,981
Child and dependent care credit	$32,395
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$10,888,308
Total tax liability [9]	$11,162,525
Tax due at time of filing [10]	$540,263
Overpayments refunded [11]	($3,475,390)

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

Number of returns [1]	1,191
Number of joint returns	953
Number of returns with paid preparer's signature	557
Number of exemptions	3,021
Number of dependents	489
Adjust gross income (AGI) [2]	$153,800,398
Salaries and wages	$133,984,252
Taxable interest	$2,163,672
Ordinary dividends	$1,093,173
Business or professional net income (less loss)	$2,766,303
Net capital gain (less loss)	$759,535
Taxable individual retirement arrangements distributions	$4,074,184
Taxable pensions and annuities	$7,912,224
Unemployment compensation [3]	$276,020
Taxable Social Security benefits	$2,566,348
Self-employment retirement plans	$294,591
Total itemized deductions [4]	$22,742,886
State and local income taxes	$349,089
State and local general sales tax	$1,826,058
Real estate taxes	$3,174,667
Taxes paid	$5,518,487
Mortgage interest paid	$12,373,894
Contributions	$3,016,079
Taxable income	$117,600,571
Total tax credits [5]	$1,407,276
Residential energy tax credit	$0
Child tax credit	$313,180
Child and dependent care credit	$50,160
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$28,367
Income tax [8]	$20,566,623
Total tax liability [9]	$21,115,431
Tax due at time of filing [10]	$1,561,516
Overpayments refunded [11]	($3,385,391)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	183
Number of joint returns	158
Number of returns with paid preparer's signature	151
Number of exemptions	515
Number of dependents	95
Adjust gross income (AGI) [2]	$68,009,445
Salaries and wages	$45,481,622
Taxable interest	$2,185,865
Ordinary dividends	$1,457,516
Business or professional net income (less loss)	$1,132,242
Net capital gain (less loss)	$7,141,912
Taxable individual retirement arrangements distributions	$529,515
Taxable pensions and annuities	$2,465,183
Unemployment compensation [3]	$0
Taxable Social Security benefits	$571,638
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,282,746
State and local income taxes	$297,859
State and local general sales tax	$418,500
Real estate taxes	$774,226
Taxes paid	$1,514,037
Mortgage interest paid	$2,157,225
Contributions	$1,273,986
Taxable income	$59,578,458
Total tax credits [5]	$3,582,355
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$83,514
Income tax [8]	$12,037,826
Total tax liability [9]	$12,296,032
Tax due at time of filing [10]	$1,708,075
Overpayments refunded [11]	($1,603,145)

[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.