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ZIP Code Database - Facts & Stats

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ZIP Code 38127 Income Tax Stats

IRS Tax Statistics by ZIP Code -- Statistics of Income: 2013

ZIP Code 38127 Data

Zip Code:38127
City:Memphis
State:TN [Tennessee]
Counties: SHELBY, TN
City Alias(es):Memphis
Area Code:901
Time Zone: Central (GMT -06:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]




38127 Income Tax Overview

Total Number of Tax Returns for ZIP Code 38127 [1] 18,490
Total Number of Single Tax Returns for ZIP Code 38127 1,850
Total Number of Joint Tax Returns for ZIP Code 38127 1,850
Total Number of Dependents for ZIP Code 38127 18,620
Total Adjusted Gross Income for ZIP Code 38127 $449,426,000
Average Income per Person for ZIP Code 38127 $9,933
Average Income per Household for ZIP Code 38127 $24,306

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


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

Number of returns [1] 12,600
Number of single returns 5,790
Number of joint returns 490
Number of head of household returns 6,210
Number of returns with paid preparer's signature 7,060
Number of exemptions 25,480
Number of dependents 13,210
Adjust gross income (AGI) [2] $167,325,000
Number of returns with total income 12,600
Salaries and wages amount $169,861,000
Number of returns with salaries and wages 10,600
Salaries and wages amount $135,824
Number of returns with taxable interest 350
Taxable interest amount $141
Number of returns with ordinary dividends 120
Ordinary dividends amount $117,000
Number of returns with qualified dividends 100
Qualified dividends amount [3] $70
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 3,880
Business or professional net income (less loss) amount $21,780,000
Number of returns with net capital gain (less loss) 70
Net capital gain (less loss) amount $8,000
Number of returns with taxable individual retirement arrangements distributions 160
Taxable individual retirement arrangements distributions amount $875,000
Number of returns with taxable pensions and annuities 880
Taxable pensions and annuities amount $7,067,000
Number of farm returns 30
Number of returns with unemployment compensation 780
Unemployment compensation amount [4] $3,359,000
Number of returns with taxable Social Security benefits 180
Taxable Social Security benefits amount $279,000
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 3,230
Total statutory adjustments amount $2,536,000
Number of returns with educator expenses 50
Educator expenses amount $12,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 50
IRA payments amount $180,000
Number of returns with student loan interest deduction 190
Student loan interest deduction amount $160,000
Number of returns with tuition and fees deduction 60
Tuition and fees deduction amount $171,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 370
Total itemized deductions amount $5,081,000
Amount of AGI for itemized returns $6,370,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 250
State and local general sales tax amount $398,000
Number of returns with real estate taxes 200
Real estate taxes amount $287,000
Number of returns with taxes paid 320
Taxes paid amount $834,000
Number of returns with mortgage interest paid 170
Mortgage interest paid amount $660,000
Number of returns with contributions 280
Contributions amount $942,000
Number of returns with taxable income 3,940
Taxable income amount $19,787,000
Number of returns with income tax before credits 3,930
Income tax before credits amount $2,074,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 1,670
Total tax credits amount $573,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 170
Child and dependent care credit amount $57,000
Number of returns with nonrefundable education credit 550
Nonrefundable education credit amount $272,000
Number of returns with retirement savings contribution credit 440
Retirement savings contribution credit amount $75,000
Number of returns with child tax credit 570
Child tax credit amount $159,000
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $8,000
Number of returns with self-employment tax 2,890
Self-employment tax amount $3,676,000
Number of returns with total tax payments 12,360
Total tax payments amount $49,520,000
Number of returns with earned income credit 8,630
Earned income credit amount [5] $30,325,000
Number of returns with excess earned income credit 8,320
Excess earned income credit (refundable) amount [6] $26,687,000
Number of returns with additional child tax credit 6,030
Additional child tax credit amount $7,869,000
Number of returns with refundable education credit 2,030
Refundable education credit amount $2,069,000
Number of returns with income tax 2,580
Income tax amount [7] $1,501,000
Number of returns with tax liability 5,570
Total tax liability amount [8] $5,281,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 390
Tax due at time of filing amount [9] $285,000
Number of returns with overpayments refunded 12,070
Overpayments refunded amount [10] $44,725,000

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

Number of returns [1] 4,200
Number of single returns 1,540
Number of joint returns 580
Number of head of household returns 1,990
Number of returns with paid preparer's signature 2,060
Number of exemptions 8,980
Number of dependents 4,210
Adjust gross income (AGI) [2] $144,541,000
Number of returns with total income 4,200
Salaries and wages amount $145,239,000
Number of returns with salaries and wages 3,920
Salaries and wages amount $130,177
Number of returns with taxable interest 360
Taxable interest amount $222
Number of returns with ordinary dividends 110
Ordinary dividends amount $165,000
Number of returns with qualified dividends 90
Qualified dividends amount [3] $76
Number of returns with state and local income tax refunds 40
State and local income tax refunds amount $17
Number of returns with business or professional net income (less loss) 490
Business or professional net income (less loss) amount ($1,430,000)
Number of returns with net capital gain (less loss) 90
Net capital gain (less loss) amount $62,000
Number of returns with taxable individual retirement arrangements distributions 140
Taxable individual retirement arrangements distributions amount $1,114,000
Number of returns with taxable pensions and annuities 820
Taxable pensions and annuities amount $11,394,000
Number of farm returns 0
Number of returns with unemployment compensation 200
Unemployment compensation amount [4] $942,000
Number of returns with taxable Social Security benefits 420
Taxable Social Security benefits amount $2,307,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $185,000
Number of returns with total statutory adjustments 470
Total statutory adjustments amount $698,000
Number of returns with educator expenses 70
Educator expenses amount $18,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 40
Self-employment health insurance deduction amount $101,000
Number of returns with IRA payments 40
IRA payments amount $108,000
Number of returns with student loan interest deduction 190
Student loan interest deduction amount $175,000
Number of returns with tuition and fees deduction 30
Tuition and fees deduction amount $71,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 930
Total itemized deductions amount $14,137,000
Amount of AGI for itemized returns $34,152,000
Number of returns with State and local income taxes 50
State and local income taxes amount $66,000
Number of returns with State and local general sales tax 730
State and local general sales tax amount $1,235,000
Number of returns with real estate taxes 640
Real estate taxes amount $791,000
Number of returns with taxes paid 870
Taxes paid amount $2,365,000
Number of returns with mortgage interest paid 620
Mortgage interest paid amount $2,365,000
Number of returns with contributions 860
Contributions amount $3,893,000
Number of returns with taxable income 4,100
Taxable income amount $68,114,000
Number of returns with income tax before credits 4,100
Income tax before credits amount $8,204,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 2,140
Total tax credits amount $1,931,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 350
Child and dependent care credit amount $232,000
Number of returns with nonrefundable education credit 520
Nonrefundable education credit amount $534,000
Number of returns with retirement savings contribution credit 650
Retirement savings contribution credit amount $103,000
Number of returns with child tax credit 1,210
Child tax credit amount $1,028,000
Number of returns with residential energy tax credit 110
Residential energy tax credit amount $33,000
Number of returns with self-employment tax 150
Self-employment tax amount $299,000
Number of returns with total tax payments 4,160
Total tax payments amount $18,130,000
Number of returns with earned income credit 1,580
Earned income credit amount [5] $3,270,000
Number of returns with excess earned income credit 1,380
Excess earned income credit (refundable) amount [6] $2,890,000
Number of returns with additional child tax credit 1,070
Additional child tax credit amount $1,413,000
Number of returns with refundable education credit 470
Refundable education credit amount $457,000
Number of returns with income tax 2,960
Income tax amount [7] $6,272,000
Number of returns with tax liability 3,120
Total tax liability amount [8] $6,733,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 470
Tax due at time of filing amount [9] $641,000
Number of returns with overpayments refunded 3,720
Overpayments refunded amount [10] $12,088,000

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

Number of returns [1] 1,120
Number of single returns 340
Number of joint returns 410
Number of head of household returns 330
Number of returns with paid preparer's signature 580
Number of exemptions 2,370
Number of dependents 840
Adjust gross income (AGI) [2] $67,371,000
Number of returns with total income 1,120
Salaries and wages amount $67,690,000
Number of returns with salaries and wages 1,020
Salaries and wages amount $53,779
Number of returns with taxable interest 200
Taxable interest amount $97
Number of returns with ordinary dividends 70
Ordinary dividends amount $154,000
Number of returns with qualified dividends 50
Qualified dividends amount [3] $120
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 120
Business or professional net income (less loss) amount $322,000
Number of returns with net capital gain (less loss) 50
Net capital gain (less loss) amount $110,000
Number of returns with taxable individual retirement arrangements distributions 90
Taxable individual retirement arrangements distributions amount $1,100,000
Number of returns with taxable pensions and annuities 380
Taxable pensions and annuities amount $8,225,000
Number of farm returns 0
Number of returns with unemployment compensation 70
Unemployment compensation amount [4] $377,000
Number of returns with taxable Social Security benefits 230
Taxable Social Security benefits amount $3,075,000
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 200
Total statutory adjustments amount $319,000
Number of returns with educator expenses 50
Educator expenses amount $13,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 30
IRA payments amount $135,000
Number of returns with student loan interest deduction 70
Student loan interest deduction amount $72,000
Number of returns with tuition and fees deduction 30
Tuition and fees deduction amount $58,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 440
Total itemized deductions amount $7,876,000
Amount of AGI for itemized returns $26,400,000
Number of returns with State and local income taxes 30
State and local income taxes amount $104,000
Number of returns with State and local general sales tax 360
State and local general sales tax amount $677,000
Number of returns with real estate taxes 350
Real estate taxes amount $497,000
Number of returns with taxes paid 430
Taxes paid amount $1,294,000
Number of returns with mortgage interest paid 330
Mortgage interest paid amount $1,291,000
Number of returns with contributions 410
Contributions amount $2,620,000
Number of returns with taxable income 1,120
Taxable income amount $43,587,000
Number of returns with income tax before credits 1,120
Income tax before credits amount $6,148,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 410
Total tax credits amount $566,000
Number of returns with foreign tax credit 40
Foreign tax credit amount $4,000
Number of returns with child and dependent care credit 50
Child and dependent care credit amount $33,000
Number of returns with nonrefundable education credit 110
Nonrefundable education credit amount $163,000
Number of returns with retirement savings contribution credit 40
Retirement savings contribution credit amount $5,000
Number of returns with child tax credit 240
Child tax credit amount $339,000
Number of returns with residential energy tax credit 70
Residential energy tax credit amount $25,000
Number of returns with self-employment tax 60
Self-employment tax amount $127,000
Number of returns with total tax payments 1,110
Total tax payments amount $7,861,000
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with additional child tax credit 30
Additional child tax credit amount $53,000
Number of returns with refundable education credit 100
Refundable education credit amount $97,000
Number of returns with income tax 1,090
Income tax amount [7] $5,581,000
Number of returns with tax liability 1,090
Total tax liability amount [8] $5,750,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 220
Tax due at time of filing amount [9] $486,000
Number of returns with overpayments refunded 900
Overpayments refunded amount [10] $2,585,000

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

Number of returns [1] 340
Number of single returns 60
Number of joint returns 210
Number of head of household returns 50
Number of returns with paid preparer's signature 160
Number of exemptions 760
Number of dependents 210
Adjust gross income (AGI) [2] $28,639,000
Number of returns with total income 340
Salaries and wages amount $28,779,000
Number of returns with salaries and wages 310
Salaries and wages amount $22,038
Number of returns with taxable interest 100
Taxable interest amount $70
Number of returns with ordinary dividends 40
Ordinary dividends amount $47,000
Number of returns with qualified dividends 30
Qualified dividends amount [3] $46
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 40
Business or professional net income (less loss) amount $362,000
Number of returns with net capital gain (less loss) 30
Net capital gain (less loss) amount $12,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $588,000
Number of returns with taxable pensions and annuities 130
Taxable pensions and annuities amount $3,395,000
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 100
Taxable Social Security benefits amount $1,659,000
Number of returns with partnership/S-corp net income (less loss) 20
Partnership/S-corp net income (less loss) amount $1,344,000
Number of returns with total statutory adjustments 70
Total statutory adjustments amount $140,000
Number of returns with educator expenses 20
Educator expenses amount $6,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 30
Student loan interest deduction amount $37,000
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 180
Total itemized deductions amount $3,556,000
Amount of AGI for itemized returns $15,080,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 150
State and local general sales tax amount $304,000
Number of returns with real estate taxes 160
Real estate taxes amount $254,000
Number of returns with taxes paid 170
Taxes paid amount $617,000
Number of returns with mortgage interest paid 130
Mortgage interest paid amount $608,000
Number of returns with contributions 160
Contributions amount $1,420,000
Number of returns with taxable income 340
Taxable income amount $20,326,000
Number of returns with income tax before credits 340
Income tax before credits amount $3,066,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 100
Total tax credits amount $122,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 30
Child and dependent care credit amount $16,000
Number of returns with nonrefundable education credit 40
Nonrefundable education credit amount $54,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 60
Child tax credit amount $70,000
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $14,000
Number of returns with self-employment tax 30
Self-employment tax amount $81,000
Number of returns with total tax payments 340
Total tax payments amount $3,577,000
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 40
Refundable education credit amount $32,000
Number of returns with income tax 340
Income tax amount [7] $2,944,000
Number of returns with tax liability 340
Total tax liability amount [8] $3,058,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 100
Tax due at time of filing amount [9] $265,000
Number of returns with overpayments refunded 240
Overpayments refunded amount [10] $792,000

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

Number of returns [1] 210
Number of single returns 40
Number of joint returns 160
Number of head of household returns 30
Number of returns with paid preparer's signature 140
Number of exemptions 500
Number of dependents 150
Adjust gross income (AGI) [2] $25,752,000
Number of returns with total income 210
Salaries and wages amount $25,909,000
Number of returns with salaries and wages 210
Salaries and wages amount $20,413
Number of returns with taxable interest 90
Taxable interest amount $172
Number of returns with ordinary dividends 60
Ordinary dividends amount $290,000
Number of returns with qualified dividends 40
Qualified dividends amount [3] $68
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 30
Business or professional net income (less loss) amount $210,000
Number of returns with net capital gain (less loss) 40
Net capital gain (less loss) amount $1,449,000
Number of returns with taxable individual retirement arrangements distributions 30
Taxable individual retirement arrangements distributions amount $1,005,000
Number of returns with taxable pensions and annuities 120
Taxable pensions and annuities amount $4,936,000
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 70
Taxable Social Security benefits amount $1,229,000
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 60
Total statutory adjustments amount $259,000
Number of returns with educator expenses 0
Educator expenses amount $0
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 0
Student loan interest deduction amount $0
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 130
Total itemized deductions amount $4,368,000
Amount of AGI for itemized returns $24,484,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 110
State and local general sales tax amount $326,000
Number of returns with real estate taxes 120
Real estate taxes amount $278,000
Number of returns with taxes paid 130
Taxes paid amount $765,000
Number of returns with mortgage interest paid 100
Mortgage interest paid amount $541,000
Number of returns with contributions 130
Contributions amount $1,589,000
Number of returns with taxable income 210
Taxable income amount $19,877,000
Number of returns with income tax before credits 210
Income tax before credits amount $3,546,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 70
Total tax credits amount $72,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 0
Child and dependent care credit amount $0
Number of returns with nonrefundable education credit 0
Nonrefundable education credit amount $0
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 30
Child tax credit amount $33,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 20
Self-employment tax amount $138,000
Number of returns with total tax payments 220
Total tax payments amount $5,032,000
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 0
Refundable education credit amount $0
Number of returns with income tax 210
Income tax amount [7] $3,477,000
Number of returns with tax liability 210
Total tax liability amount [8] $3,591,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 90
Tax due at time of filing amount [9] $554,000
Number of returns with overpayments refunded 130
Overpayments refunded amount [10] $764,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 20
Number of single returns 0
Number of joint returns 0
Number of head of household returns 0
Number of returns with paid preparer's signature 0
Number of exemptions 40
Number of dependents 0
Adjust gross income (AGI) [2] $15,798,000
Number of returns with total income 20
Salaries and wages amount $15,900,000
Number of returns with salaries and wages 0
Salaries and wages amount $0
Number of returns with taxable interest 0
Taxable interest amount $0
Number of returns with ordinary dividends 0
Ordinary dividends amount $0
Number of returns with qualified dividends 0
Qualified dividends amount [3] $0
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 0
Business or professional net income (less loss) amount $0
Number of returns with net capital gain (less loss) 0
Net capital gain (less loss) amount $0
Number of returns with taxable individual retirement arrangements distributions 0
Taxable individual retirement arrangements distributions amount $0
Number of returns with taxable pensions and annuities 0
Taxable pensions and annuities amount $0
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 0
Taxable Social Security benefits amount $0
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 0
Total statutory adjustments amount $0
Number of returns with educator expenses 0
Educator expenses amount $0
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 0
Student loan interest deduction amount $0
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 0
Total itemized deductions amount $0
Amount of AGI for itemized returns $0
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 0
State and local general sales tax amount $0
Number of returns with real estate taxes 0
Real estate taxes amount $0
Number of returns with taxes paid 0
Taxes paid amount $0
Number of returns with mortgage interest paid 0
Mortgage interest paid amount $0
Number of returns with contributions 0
Contributions amount $0
Number of returns with taxable income 20
Taxable income amount $12,937,000
Number of returns with income tax before credits 20
Income tax before credits amount $2,434,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 0
Total tax credits amount $0
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 0
Child and dependent care credit amount $0
Number of returns with nonrefundable education credit 0
Nonrefundable education credit amount $0
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 0
Child tax credit amount $0
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 0
Self-employment tax amount $0
Number of returns with total tax payments 0
Total tax payments amount $0
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 0
Refundable education credit amount $0
Number of returns with income tax 20
Income tax amount [7] $2,420,000
Number of returns with tax liability 20
Total tax liability amount [8] $2,616,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 0
Tax due at time of filing amount [9] $0
Number of returns with overpayments refunded 0
Overpayments refunded amount [10] $0

[1] For complete individual income tax tabulations at the State level, see the historic table posted to Tax Stats at http://www.irs.gov/uac/SOI-Tax-Stats---Historic-Table-

[2] Does not include returns with adjusted gross deficit.

[3] “Qualified dividends” are ordinary dividends received in tax years beginning after 2002 that meet certain conditions and receive preferential tax rates. The maximum qualified dividends tax rate is 15%.

[4] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's.
This fund only applies to statistics in the totals, and the state of Alaska.

[5] 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 6 below for explanation of the refundable portion of the earned income credit.

[6] 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. No other refundable credits were taken into account for this calculation.

[7] Income tax reflects the amount reported on Form 1040 line 55. It also includes data from Form 1040A and 1040EZ filers.

[8] “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.

[9] Reflects payments to or withholdings made to "Total tax liability". This is the amount the tax filer owes when the income tax return is filed.

[10] The amount of overpayments the tax filer requested to have refunded.