SWITZERLAND, IN IRS Tax Stats

SWITZERLAND, IN Income Tax Overview

2010 Population for SWITZERLAND, IN 0
Total Number of Tax Returns for SWITZERLAND, IN [1] 3,669
Total Number of Joint Tax Returns for SWITZERLAND, IN 1,654
Total Number of Dependents for SWITZERLAND, IN 1,281
Total Adjusted Gross Income for SWITZERLAND, IN $131,214,385

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] 813
Number of joint returns 156
Number of returns with paid preparer's signature 592
Number of exemptions 1,035
Number of dependents 131
Adjust gross income (AGI) [2] $2,603,250
Salaries and wages $2,660,048
Taxable interest $344,981
Ordinary dividends $54,073
Business or professional net income (less loss)
Net capital gain (less loss) $20,828
Taxable individual retirement arrangements distributions $164,699
Taxable pensions and annuities $643,058
Unemployment compensation [3] $61,111
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $324,178
State and local income taxes $0
State and local general sales tax $0
Real estate taxes $8,481
Taxes paid $34,467
Mortgage interest paid $87,040
Contributions $0
Taxable income $87,044
Total tax credits [5] $0
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $282,492
Excess earned income credit (refundable) [7] $247,833
Alternative minimum tax $0
Income tax [8] $8,623
Total tax liability [9] $71,174
Tax due at time of filing [10] $16,047
Overpayments refunded [11]

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

Number of tax returns [1] 903
Number of joint returns 288
Number of returns with paid preparer's signature 642
Number of exemptions 1,764
Number of dependents 323
Adjust gross income (AGI) [2] $15,552,958
Salaries and wages $11,503,714
Taxable interest $425,355
Ordinary dividends $109,092
Business or professional net income (less loss) $1,337,848
Net capital gain (less loss) $85,246
Taxable individual retirement arrangements distributions $224,037
Taxable pensions and annuities $1,827,481
Unemployment compensation [3] $423,693
Taxable Social Security benefits $50,948
Self-employment retirement plans $0
Total itemized deductions [4] $681,702
State and local income taxes $64,804
State and local general sales tax $10,283
Real estate taxes $29,796
Taxes paid $104,315
Mortgage interest paid $181,265
Contributions $62,726
Taxable income $3,901,643
Total tax credits [5] $51,157
Residential energy tax credit $0
Child tax credit $21,357
Child and dependent care credit $0
Earned income credit [6] $898,814
Excess earned income credit (refundable) [7] $794,818
Alternative minimum tax $0
Income tax [8] $368,346
Total tax liability [9] $556,785
Tax due at time of filing [10] $35,728
Overpayments refunded [11]

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

Number of tax returns [1] 949
Number of joint returns 408
Number of returns with paid preparer's signature 716
Number of exemptions 2,014
Number of dependents 355
Adjust gross income (AGI) [2] $34,273,493
Salaries and wages $28,690,887
Taxable interest $446,316
Ordinary dividends $46,141
Business or professional net income (less loss) $883,930
Net capital gain (less loss) $116,295
Taxable individual retirement arrangements distributions $404,579
Taxable pensions and annuities $2,671,272
Unemployment compensation [3] $760,480
Taxable Social Security benefits $767,986
Self-employment retirement plans $0
Total itemized deductions [4] $2,567,357
State and local income taxes $320,197
State and local general sales tax $0
Real estate taxes $116,570
Taxes paid $473,006
Mortgage interest paid $1,228,029
Contributions $208,014
Taxable income $18,197,504
Total tax credits [5] $334,933
Residential energy tax credit $0
Child tax credit $272,125
Child and dependent care credit $13,932
Earned income credit [6] $216,756
Excess earned income credit (refundable) [7] $159,245
Alternative minimum tax $0
Income tax [8] $1,922,207
Total tax liability [9] $2,062,556
Tax due at time of filing [10] $68,039
Overpayments refunded [11]

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

Number of tax returns [1] 581
Number of joint returns 419
Number of returns with paid preparer's signature 438
Number of exemptions 1,451
Number of dependents 253
Adjust gross income (AGI) [2] $35,660,273
Salaries and wages $30,492,225
Taxable interest $472,364
Ordinary dividends $122,386
Business or professional net income (less loss) $552,281
Net capital gain (less loss) $177,324
Taxable individual retirement arrangements distributions $631,814
Taxable pensions and annuities $2,063,995
Unemployment compensation [3] $138,885
Taxable Social Security benefits $1,180,941
Self-employment retirement plans $0
Total itemized deductions [4] $3,645,632
State and local income taxes $623,275
State and local general sales tax $0
Real estate taxes $162,473
Taxes paid $841,773
Mortgage interest paid $1,678,024
Contributions $304,029
Taxable income $23,238,434
Total tax credits [5] $370,770
Residential energy tax credit $0
Child tax credit $316,892
Child and dependent care credit $6,351
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $2,823,482
Total tax liability [9] $2,955,629
Tax due at time of filing [10] $223,472
Overpayments refunded [11]

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

Number of tax returns [1] 269
Number of joint returns 247
Number of returns with paid preparer's signature 195
Number of exemptions 782
Number of dependents 155
Adjust gross income (AGI) [2] $23,213,983
Salaries and wages $19,565,781
Taxable interest $206,062
Ordinary dividends $167,531
Business or professional net income (less loss) $226,682
Net capital gain (less loss) $95,465
Taxable individual retirement arrangements distributions $93,912
Taxable pensions and annuities $1,666,750
Unemployment compensation [3] $64,108
Taxable Social Security benefits $686,165
Self-employment retirement plans $0
Total itemized deductions [4] $2,606,927
State and local income taxes $590,936
State and local general sales tax $0
Real estate taxes $101,957
Taxes paid $744,209
Mortgage interest paid $1,179,363
Contributions $241,171
Taxable income $16,493,012
Total tax credits [5] $272,657
Residential energy tax credit $0
Child tax credit $195,082
Child and dependent care credit $15,386
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $2,073,986
Total tax liability [9] $2,122,058
Tax due at time of filing [10] $105,925
Overpayments refunded [11]

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

Number of tax returns [1] 154
Number of joint returns 136
Number of returns with paid preparer's signature 116
Number of exemptions 441
Number of dependents 64
Adjust gross income (AGI) [2] $19,910,428
Salaries and wages $13,973,980
Taxable interest $175,886
Ordinary dividends $84,869
Business or professional net income (less loss) $62,625
Net capital gain (less loss) $281,503
Taxable individual retirement arrangements distributions $619,083
Taxable pensions and annuities $609,983
Unemployment compensation [3] $0
Taxable Social Security benefits $275,562
Self-employment retirement plans $0
Total itemized deductions [4] $2,992,050
State and local income taxes $797,848
State and local general sales tax $0
Real estate taxes $137,449
Taxes paid $984,759
Mortgage interest paid $985,050
Contributions $277,518
Taxable income $15,078,141
Total tax credits [5] $68,209
Residential energy tax credit $0
Child tax credit $55,200
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] $2,612,060
Total tax liability [9] $2,811,076
Tax due at time of filing [10] $181,627
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.