Table 2. Individual Income and Tax Data, by State And Size of Adjusted Gross Income, Tax Year 2007*
[Money amounts are in thousands of dollars]
Size of adjusted gross income Item All returns Under $50,000 [1] (2) $50,000 under $75,000 (3) $75,000 under $100,000 (4) $100,000 under $200,000 (5) $200,000 or more (6)
(1) MINNESOTA Number of returns Number of joint returns Number with paid preparer's signature Number of exemptions Adjusted gross income (AGI) [2] Salaries and wages in AGI: [3] Number Amount Taxable interest: Number Amount Ordinary dividends: Number Amount Business or profession net income (less loss): Number Amount Number of farm returns Net capital gain (less loss) in AGI: Number Amount Taxable individual retirement arrangements distributions: Number Amount Taxable pensions and annuities in AGI: Number Amount Unemployment compensation: [4] Number Amount Taxable Social Security benefits in AGI: Number Amount Self-employment retirement plans: Number Amount Total itemized deductions: [5] Number Amount State and local income taxes: Number Amount State and local general sales tax: Number Amount Real estate taxes: Number Amount Taxes paid: Number Amount Mortgage interest paid: Number Amount Contributions: Number Amount Taxable income: Number Amount Total tax credits: [6] Number Amount Residential energy tax credit: Number Amount Child tax credit: Number Amount Child and dependent care credit: Number Amount Earned income credit: [7] Number Amount Excess earned income credit (refundable): [8] Number Amount Alternative minimum tax: Number Amount Income tax: [9] Number Amount Total tax liability: [10] Number Amount Tax due at time of filing: [11] Number Amount Overpayments refunded: [12] Number 2,734,017 1,079,996 1,485,329 5,124,791 156,772,069 2,231,819 110,900,780 1,341,870 3,954,465 719,238 3,729,771 402,500 4,196,690 74,506 609,882 11,663,934 239,694 2,951,904 472,069 8,289,462 149,811 663,551 283,117 3,102,415 23,488 335,028 1,086,583 26,405,283 999,173 6,578,727 77,382 82,654 1,007,032 2,946,385 1,086,413 9,824,934 933,530 11,121,817 906,845 3,432,196 2,093,015 108,178,393 878,810 1,052,364 117,878 23,990 457,426 623,104 147,160 66,469 304,600 523,462 259,919 456,916 78,514 440,077 1,914,282 19,320,864 2,031,933 20,271,626 582,133 2,372,975 1,881,149
1,736,631 320,010 866,966 2,458,448 31,988,911 1,332,962 26,951,150 615,123 932,829 275,266 452,423 208,945 1,081,862 39,151 233,092 669,176 122,105 781,344 249,803 2,545,047 90,542 372,212 123,965 595,731 3,339 17,079 309,794 4,901,917 239,837 443,168 60,522 49,758 266,413 525,716 308,945 1,053,971 245,041 2,709,007 213,657 343,618 1,098,966 15,741,389 367,864 259,862 28,139 5,081 164,152 142,539 40,037 18,098 304,600 523,462 259,919 456,917 424 1,861 943,788 1,687,966 1,052,348 1,980,691 263,808 254,774 1,240,412
392,618 240,570 240,428 925,509 24,228,438 349,933 18,947,964 243,021 443,923 123,091 282,181 71,627 608,923 15,322 99,208 431,782 44,321 501,260 86,566 1,746,606 31,042 151,577 67,924 886,181 2,962 20,366 243,692 4,306,598 233,911 682,155 9,446 14,051 226,827 500,582 244,039 1,235,140 214,670 2,076,839 200,435 392,526 390,254 15,394,296 182,563 275,143 29,646 5,760 121,891 200,518 33,679 15,640 0 0 0 0 730 1,298 370,109 1,899,995 377,653 2,054,854 103,385 209,099 279,887
253,495 209,039 153,178 698,716 21,901,338 229,812 17,143,610 183,577 378,332 103,359 279,401 48,374 494,355 9,258 83,965 478,181 31,256 485,801 59,364 1,488,053 16,525 81,218 41,630 692,833 3,251 27,118 201,249 4,121,922 197,496 828,530 3,670 7,825 192,445 503,856 201,465 1,380,049 181,402 1,906,570 179,084 424,965 252,966 14,867,542 143,471 246,620 24,771 5,036 95,266 170,405 30,648 14,378 0 0 0 0 1,193 2,241 250,059 1,917,277 251,239 2,043,166 66,958 182,901 179,450
269,627 238,270 162,196 794,089 35,530,281 246,745 27,130,141 222,912 659,418 151,707 663,933 53,847 945,789 8,046 130,029 1,445,148 33,080 786,354 60,737 1,899,440 10,724 53,285 37,978 688,598 7,252 95,196 251,698 6,831,193 248,861 1,797,041 2,738 7,470 243,549 858,859 251,799 2,726,130 224,448 2,815,806 236,374 826,092 269,300 25,840,835 141,668 160,830 28,462 6,309 76,089 109,619 35,216 15,198 0 0 0 0 14,586 28,171 268,782 4,377,417 269,106 4,582,964 103,638 467,761 154,999
81,646 72,107 62,561 248,029 43,123,103 72,367 20,727,915 77,237 1,539,964 65,815 2,051,833 19,707 1,065,760 2,729 63,588 8,639,646 8,932 397,145 15,599 610,317 978 5,259 11,620 239,071 6,684 175,269 80,150 6,243,655 79,068 2,827,834 1,006 3,551 77,798 557,371 80,165 3,429,642 67,969 1,613,596 77,295 1,444,996 81,529 36,334,332 43,244 109,909 6,860 1,804 28 23 7,580 3,155 0 0 0 0 61,581 406,506 81,544 9,438,210 81,587 9,609,951 44,344 1,258,441 26,401
Amount
4,040,312
1,845,932
700,622
538,305
605,252
350,201
* - Data for Tax Year 2007 includes returns that were filed by individuals only to receive the economic stimulus payment and who had no other reason to file. This may affect the data for various items shown in the table such as the total number of returns filed (including joint and paid preparer returns), number of exemptions, salaries and wages, and adjusted gross income. ** - Not shown to avoid disclosure of information about specific taxpayers. However, the data are combined with data in an adjacent size class, as appropriate, and included in the appropriate totals. [1] Includes returns with adjusted gross deficit. [2] Less deficit. [3] "Number," here, and elsewhere in Table 2, represents number of returns, unless otherwise specified. [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 U.S. totals, and the state of Alaska. [5] "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. [6] Unlike Table 1, Table 2's "Total tax credits" excludes the "earned income credit" which is shown separately below in the table. [7] "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 8 below for explanation of the refundable portion of the earned income credit. [8] 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. [9] "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)". Table 2 "Income tax" differs from "total income tax" (in Tables 1 and 3) in that Table 2 "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnotes 7 and 8 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. [10] For Table 2, "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. [11] Reflects payments to or withholdings made to "Total tax liability" (footnote 10). The amount the tax filer owes when the income tax return is filed. [12] The amount of overpayments the tax filer requested to have refunded. [13] Includes, for example, returns filed from Army Post Office and Fleet Post Office addresses by members of the armed forces stationed overseas; returns filed by other U.S. citizens abroad; and returns filed by residents of Puerto Rico with income from sources outside Puerto Rico or with income earned as U.S. government employees. NOTE: This table presents aggregates of all returns filed and processed through the Individual Master File (IMF) system during Calendar Year 2008, including any returns filed for tax years preceding 2007. In general, during administrative or Master File processing, taxpayer reporting discrepancies are corrected only to the extent necessary to verify the total tax liability reported. Most of the other corrections to the taxpayer records used for these statistics could not be made because of time and resource constraints. The statistics in Table 2 should, therefore, be used with the knowledge that some of the data have not been perfected or edited for statistical purposes and that U.S. totals in this table may not be altogether comparable to U.S. totals in Tables 1 and 3, as a result. Also, see footnote 13, above for differences in tax return coverage, which affects U.S. totals in this table. Classification by State was usually based on the taxpayer's home address. However, some taxpayers may have used the address of a tax lawyer, or accountant, or the address of a place of business; moreover, such addresses could each have been located in a State other than the State in which the taxpayer resided. For explanation of the tax law changes which could affect the year-to-year analysis of data, refer to the respective years' "Individual Income Tax Returns, Preliminary Data" article published in the SOI Spring Bulletin. For further explanation of the tax terms, refer to the respective years' "Individual Income Tax Returns," Publication 1304. Note: Detail may not add to totals because of rounding. SOURCE: IRS, Statistics of Income Division, Individual Master File System, May 2009.