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ZIP Code Database - Facts & Stats

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SOMERSET, ME IRS Tax Stats



SOMERSET, ME Income Tax Overview

2010 Population for SOMERSET, ME 0
Total Number of Tax Returns for SOMERSET, ME [1] 21,547
Total Number of Joint Tax Returns for SOMERSET, ME 9,316
Total Number of Dependents for SOMERSET, ME 7,137
Total Adjusted Gross Income for SOMERSET, ME $772,053,710

The following tables break down the Income Tax Statistics into different Gross Income levels.


Adjusted Gross Income: Under $10,000 [1]

Number of tax returns [1] 4,423
Number of joint returns 719
Number of returns with paid preparer's signature 1,761
Number of exemptions 5,196
Number of dependents 784
Adjust gross income (AGI) [2] $16,632,980
Salaries and wages $17,541,703
Taxable interest $891,368
Ordinary dividends $372,217
Business or professional net income (less loss) $389,122
Net capital gain (less loss) $155,430
Taxable individual retirement arrangements distributions $505,514
Taxable pensions and annuities $1,448,329
Unemployment compensation [3] $398,926
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $1,059,635
State and local income taxes $10,014
State and local general sales tax $0
Real estate taxes $168,451
Taxes paid $260,767
Mortgage interest paid $466,967
Contributions $0
Taxable income $836,426
Total tax credits [5] $0
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $1,577,120
Excess earned income credit (refundable) [7] $1,386,554
Alternative minimum tax $0
Income tax [8] $82,312
Total tax liability [9] $517,783
Tax due at time of filing [10] $145,106
Overpayments refunded [11]

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

Number of tax returns [1] 5,730
Number of joint returns 1,447
Number of returns with paid preparer's signature 2,718
Number of exemptions 9,747
Number of dependents 1,715
Adjust gross income (AGI) [2] $99,543,077
Salaries and wages $76,883,208
Taxable interest $2,199,112
Ordinary dividends $679,759
Business or professional net income (less loss) $5,710,364
Net capital gain (less loss) $232,373
Taxable individual retirement arrangements distributions $2,495,102
Taxable pensions and annuities $8,841,656
Unemployment compensation [3] $2,899,705
Taxable Social Security benefits $241,946
Self-employment retirement plans $0
Total itemized deductions [4] $4,529,496
State and local income taxes $117,572
State and local general sales tax $41,734
Real estate taxes $549,186
Taxes paid $922,170
Mortgage interest paid $1,224,465
Contributions $158,663
Taxable income $28,560,561
Total tax credits [5] $412,783
Residential energy tax credit $0
Child tax credit $192,201
Child and dependent care credit $14,656
Earned income credit [6] $5,120,445
Excess earned income credit (refundable) [7] $4,546,268
Alternative minimum tax $0
Income tax [8] $2,670,000
Total tax liability [9] $3,789,239
Tax due at time of filing [10] $490,256
Overpayments refunded [11]

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

Number of tax returns [1] 5,840
Number of joint returns 2,562
Number of returns with paid preparer's signature 3,069
Number of exemptions 12,142
Number of dependents 2,143
Adjust gross income (AGI) [2] $207,974,498
Salaries and wages $171,952,425
Taxable interest $2,749,239
Ordinary dividends $1,310,441
Business or professional net income (less loss) $6,520,321
Net capital gain (less loss) $1,157,762
Taxable individual retirement arrangements distributions $3,665,707
Taxable pensions and annuities $14,710,002
Unemployment compensation [3] $3,043,031
Taxable Social Security benefits $4,356,861
Self-employment retirement plans $0
Total itemized deductions [4] $13,876,288
State and local income taxes $1,932,899
State and local general sales tax $21,448
Real estate taxes $1,642,524
Taxes paid $3,841,653
Mortgage interest paid $4,918,382
Contributions $759,878
Taxable income $109,573,551
Total tax credits [5] $2,162,210
Residential energy tax credit $0
Child tax credit $1,546,513
Child and dependent care credit $125,324
Earned income credit [6] $1,537,154
Excess earned income credit (refundable) [7] $1,231,882
Alternative minimum tax $0
Income tax [8] $11,162,038
Total tax liability [9] $12,488,188
Tax due at time of filing [10] $996,018
Overpayments refunded [11]

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

Number of tax returns [1] 3,026
Number of joint returns 2,327
Number of returns with paid preparer's signature 1,840
Number of exemptions 7,645
Number of dependents 1,303
Adjust gross income (AGI) [2] $185,630,587
Salaries and wages $153,955,391
Taxable interest $2,469,204
Ordinary dividends $1,121,128
Business or professional net income (less loss) $3,556,358
Net capital gain (less loss) $1,246,164
Taxable individual retirement arrangements distributions $2,284,476
Taxable pensions and annuities $13,058,786
Unemployment compensation [3] $1,131,533
Taxable Social Security benefits $5,811,983
Self-employment retirement plans $0
Total itemized deductions [4] $17,465,729
State and local income taxes $3,533,441
State and local general sales tax $0
Real estate taxes $2,096,899
Taxes paid $6,069,364
Mortgage interest paid $5,802,687
Contributions $1,067,469
Taxable income $119,955,833
Total tax credits [5] $2,132,369
Residential energy tax credit $0
Child tax credit $1,628,283
Child and dependent care credit $92,555
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $14,124,938
Total tax liability [9] $15,067,855
Tax due at time of filing [10] $923,260
Overpayments refunded [11]

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

Number of tax returns [1] 1,528
Number of joint returns 1,346
Number of returns with paid preparer's signature 924
Number of exemptions 4,127
Number of dependents 727
Adjust gross income (AGI) [2] $131,545,073
Salaries and wages $109,348,430
Taxable interest $1,415,286
Ordinary dividends $901,413
Business or professional net income (less loss) $1,574,012
Net capital gain (less loss) $1,362,868
Taxable individual retirement arrangements distributions $2,503,009
Taxable pensions and annuities $7,811,488
Unemployment compensation [3] $377,930
Taxable Social Security benefits $2,659,213
Self-employment retirement plans $0
Total itemized deductions [4] $15,811,174
State and local income taxes $4,198,171
State and local general sales tax $0
Real estate taxes $1,943,387
Taxes paid $6,582,602
Mortgage interest paid $5,030,902
Contributions $1,268,072
Taxable income $93,613,133
Total tax credits [5] $1,289,688
Residential energy tax credit $0
Child tax credit $900,001
Child and dependent care credit $81,246
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $12,100,230
Total tax liability [9] $12,718,425
Tax due at time of filing [10] $797,368
Overpayments refunded [11]

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

Number of tax returns [1] 1,000
Number of joint returns 915
Number of returns with paid preparer's signature 658
Number of exemptions 2,771
Number of dependents 465
Adjust gross income (AGI) [2] $130,727,495
Salaries and wages $98,615,171
Taxable interest $2,581,865
Ordinary dividends $1,298,392
Business or professional net income (less loss) $4,665,841
Net capital gain (less loss) $2,319,323
Taxable individual retirement arrangements distributions $1,703,610
Taxable pensions and annuities $4,487,373
Unemployment compensation [3] $0
Taxable Social Security benefits $1,679,183
Self-employment retirement plans $163,296
Total itemized deductions [4] $19,929,363
State and local income taxes $7,361,394
State and local general sales tax $0
Real estate taxes $2,388,929
Taxes paid $10,220,160
Mortgage interest paid $5,414,385
Contributions $1,532,426
Taxable income $98,307,151
Total tax credits [5] $458,238
Residential energy tax credit $0
Child tax credit $278,950
Child and dependent care credit $25,544
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $36,673
Income tax [8] $16,870,026
Total tax liability [9] $17,927,642
Tax due at time of filing [10] $1,719,916
Overpayments refunded [11]

[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.


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