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ZIP Code Database - Facts & Stats

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POTTER, TX IRS Tax Stats




POTTER, TX Income Tax Overview

2010 Population for POTTER, TX 0
Total Number of Tax Returns for POTTER, TX [1] 50,170
Total Number of Joint Tax Returns for POTTER, TX 16,736
Total Number of Dependents for POTTER, TX 21,944
Total Adjusted Gross Income for POTTER, TX $1,663,530,575

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] 10,493
Number of joint returns 1,015
Number of returns with paid preparer's signature 5,098
Number of exemptions 13,331
Number of dependents 2,790
Adjust gross income (AGI) [2] $48,278,021
Salaries and wages $47,111,565
Taxable interest $2,285,090
Ordinary dividends $939,472
Business or professional net income (less loss) $2,769,960
Net capital gain (less loss)
Taxable individual retirement arrangements distributions $817,845
Taxable pensions and annuities $2,753,395
Unemployment compensation [3] $232,850
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $4,313,185
State and local income taxes $0
State and local general sales tax $63,989
Real estate taxes $558,299
Taxes paid $816,914
Mortgage interest paid $896,684
Contributions $104,427
Taxable income $1,881,142
Total tax credits [5] $741
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $6,556,619
Excess earned income credit (refundable) [7] $5,927,342
Alternative minimum tax $0
Income tax [8] $182,065
Total tax liability [9] $1,249,372
Tax due at time of filing [10] $270,731
Overpayments refunded [11]

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

Number of tax returns [1] 15,902
Number of joint returns 2,853
Number of returns with paid preparer's signature 8,673
Number of exemptions 31,890
Number of dependents 7,787
Adjust gross income (AGI) [2] $274,294,191
Salaries and wages $232,504,086
Taxable interest $3,900,046
Ordinary dividends $1,336,610
Business or professional net income (less loss) $17,352,277
Net capital gain (less loss) $213,605
Taxable individual retirement arrangements distributions $3,247,509
Taxable pensions and annuities $15,514,308
Unemployment compensation [3] $1,334,765
Taxable Social Security benefits $750,777
Self-employment retirement plans $0
Total itemized deductions [4] $8,568,448
State and local income taxes $97,896
State and local general sales tax $304,729
Real estate taxes $891,780
Taxes paid $1,344,586
Mortgage interest paid $1,634,729
Contributions $1,012,587
Taxable income $68,218,358
Total tax credits [5] $1,512,296
Residential energy tax credit $0
Child tax credit $877,550
Child and dependent care credit $104,265
Earned income credit [6] $23,972,016
Excess earned income credit (refundable) [7] $21,748,689
Alternative minimum tax $0
Income tax [8] $5,940,679
Total tax liability [9] $8,911,914
Tax due at time of filing [10] $804,294
Overpayments refunded [11]

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

Number of tax returns [1] 13,251
Number of joint returns 4,923
Number of returns with paid preparer's signature 7,101
Number of exemptions 31,067
Number of dependents 6,608
Adjust gross income (AGI) [2] $466,275,553
Salaries and wages $405,069,427
Taxable interest $5,649,029
Ordinary dividends $2,083,017
Business or professional net income (less loss) $10,654,369
Net capital gain (less loss) $442,269
Taxable individual retirement arrangements distributions $5,231,668
Taxable pensions and annuities $26,845,462
Unemployment compensation [3] $1,093,516
Taxable Social Security benefits $7,774,454
Self-employment retirement plans $0
Total itemized deductions [4] $25,043,129
State and local income taxes $137,445
State and local general sales tax $1,174,793
Real estate taxes $2,688,157
Taxes paid $4,240,712
Mortgage interest paid $6,528,326
Contributions $3,788,545
Taxable income $236,392,631
Total tax credits [5] $6,481,848
Residential energy tax credit $0
Child tax credit $5,236,632
Child and dependent care credit $346,180
Earned income credit [6] $5,337,428
Excess earned income credit (refundable) [7] $4,492,760
Alternative minimum tax $0
Income tax [8] $22,677,069
Total tax liability [9] $25,195,700
Tax due at time of filing [10] $1,938,127
Overpayments refunded [11]

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

Number of tax returns [1] 5,465
Number of joint returns 3,601
Number of returns with paid preparer's signature 2,952
Number of exemptions 13,794
Number of dependents 2,463
Adjust gross income (AGI) [2] $333,947,081
Salaries and wages $271,881,350
Taxable interest $5,895,962
Ordinary dividends $2,517,429
Business or professional net income (less loss) $8,650,880
Net capital gain (less loss) $1,253,535
Taxable individual retirement arrangements distributions $6,089,859
Taxable pensions and annuities $22,477,007
Unemployment compensation [3] $440,964
Taxable Social Security benefits $11,845,879
Self-employment retirement plans $0
Total itemized deductions [4] $27,723,808
State and local income taxes $392,592
State and local general sales tax $1,495,465
Real estate taxes $3,373,015
Taxes paid $5,348,851
Mortgage interest paid $6,974,368
Contributions $4,821,728
Taxable income $219,630,766
Total tax credits [5] $4,182,585
Residential energy tax credit $0
Child tax credit $3,434,930
Child and dependent care credit $224,343
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $9,020
Income tax [8] $26,825,291
Total tax liability [9] $28,650,930
Tax due at time of filing [10] $2,429,547
Overpayments refunded [11]

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

Number of tax returns [1] 2,674
Number of joint returns 2,245
Number of returns with paid preparer's signature 1,438
Number of exemptions 7,252
Number of dependents 1,237
Adjust gross income (AGI) [2] $230,062,861
Salaries and wages $181,339,063
Taxable interest $4,171,855
Ordinary dividends $2,541,786
Business or professional net income (less loss) $6,540,999
Net capital gain (less loss) $1,184,927
Taxable individual retirement arrangements distributions $4,894,240
Taxable pensions and annuities $16,173,732
Unemployment compensation [3] $135,826
Taxable Social Security benefits $8,543,402
Self-employment retirement plans $0
Total itemized deductions [4] $21,709,287
State and local income taxes $157,627
State and local general sales tax $1,447,280
Real estate taxes $3,154,676
Taxes paid $4,962,470
Mortgage interest paid $6,355,180
Contributions $4,932,391
Taxable income $165,442,809
Total tax credits [5] $2,195,131
Residential energy tax credit $0
Child tax credit $1,750,165
Child and dependent care credit $125,712
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $22,210,741
Total tax liability [9] $23,685,639
Tax due at time of filing [10] $1,942,036
Overpayments refunded [11]

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

Number of tax returns [1] 2,385
Number of joint returns 2,099
Number of returns with paid preparer's signature 1,467
Number of exemptions 6,475
Number of dependents 1,059
Adjust gross income (AGI) [2] $310,672,868
Salaries and wages $219,651,090
Taxable interest $7,058,053
Ordinary dividends $5,382,212
Business or professional net income (less loss) $16,328,338
Net capital gain (less loss) $4,295,319
Taxable individual retirement arrangements distributions $8,449,985
Taxable pensions and annuities $21,049,149
Unemployment compensation [3] $0
Taxable Social Security benefits $8,649,699
Self-employment retirement plans $719,885
Total itemized deductions [4] $38,648,107
State and local income taxes $574,027
State and local general sales tax $2,899,121
Real estate taxes $6,300,815
Taxes paid $9,844,761
Mortgage interest paid $12,091,025
Contributions $9,981,170
Taxable income $240,328,179
Total tax credits [5] $1,139,442
Residential energy tax credit $0
Child tax credit $711,800
Child and dependent care credit $98,192
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $61,302
Income tax [8] $42,212,545
Total tax liability [9] $45,168,321
Tax due at time of filing [10] $5,560,612
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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