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) INDIANA 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 3,243,323 1,265,456 1,774,371 6,326,033 150,941,776 2,620,565 109,316,828 1,351,121 3,592,563 622,130 2,989,478 396,285 4,000,389 56,931 500,853 9,067,018 258,945 3,107,250 636,076 9,122,529 191,356 690,993 319,088 3,482,562 15,461 264,984 937,291 18,995,143 894,473 4,045,669 37,959 44,656 847,247 1,990,442 939,402 6,371,867 816,203 7,164,825 727,554 3,077,544 2,312,149 101,657,576 973,710 1,128,907 106,788 20,728 597,946 777,999 120,430 59,200 492,353 933,890 436,790 839,177 46,757 207,475 2,074,176 17,043,268 2,207,404 17,930,865 488,180 2,026,256 2,406,216
2,245,046 480,241 1,173,039 3,612,213 40,179,141 1,705,456 33,258,047 673,422 1,037,565 266,524 428,420 222,125 1,162,146 28,543 206,217 575,356 141,214 870,268 389,805 3,840,460 128,168 455,611 157,749 741,275 1,757 8,874 285,062 4,056,821 251,426 404,313 28,352 21,523 236,870 398,695 285,592 895,980 227,252 1,589,323 180,521 370,248 1,315,746 18,264,864 471,610 345,044 30,389 5,439 272,647 237,859 40,026 19,675 492,353 933,890 436,790 839,176 515 1,625 1,098,224 1,888,609 1,225,295 2,173,354 223,511 203,186 1,706,791
438,188 296,770 260,763 1,099,143 27,004,605 400,815 21,859,035 244,440 449,812 108,219 266,373 68,529 527,472 11,612 84,408 357,122 47,129 561,167 104,244 1,787,838 35,377 128,679 73,258 986,029 1,419 9,675 215,812 3,425,760 211,388 567,616 4,618 8,527 196,527 347,854 216,624 974,187 194,362 1,487,704 163,947 417,053 436,818 17,695,861 211,872 328,287 28,664 5,398 155,831 259,919 29,274 13,972 0 0 0 0 969 1,341 418,513 2,156,032 423,788 2,292,497 90,812 174,597 339,155
262,090 221,968 152,582 734,800 22,592,517 242,671 18,259,253 180,580 363,116 87,313 254,781 44,202 426,907 7,598 68,878 409,120 31,592 527,049 66,382 1,345,878 17,215 64,045 41,707 721,513 1,667 13,632 177,312 3,217,470 175,191 650,710 2,314 5,447 166,876 344,162 177,794 1,052,303 164,097 1,381,210 146,880 431,882 261,813 15,998,990 144,023 243,361 21,887 4,291 102,052 180,662 24,301 12,347 0 0 0 0 1,126 1,895 259,971 2,100,354 260,651 2,212,357 57,913 153,097 198,253
239,270 214,674 141,799 703,442 31,045,930 220,834 23,737,467 196,310 600,177 114,577 560,391 45,882 845,460 7,032 96,935 1,130,110 31,258 786,550 62,686 1,653,109 9,971 39,753 35,858 678,470 4,682 65,619 202,924 4,729,335 200,928 1,129,625 2,020 6,352 193,361 554,855 203,159 1,767,307 184,557 1,824,392 182,743 756,226 239,099 23,549,524 116,996 134,456 21,845 4,601 67,387 99,532 23,486 11,607 0 0 0 0 8,618 16,555 238,789 4,037,653 238,964 4,225,209 84,803 396,781 144,421
58,729 51,803 46,188 176,435 30,119,583 50,789 12,203,025 56,369 1,141,892 45,497 1,479,513 15,547 1,038,402 2,146 44,415 6,595,309 7,752 362,216 12,959 495,242 625 2,907 10,516 355,275 5,936 167,183 56,181 3,565,757 55,540 1,293,404 655 2,805 53,613 344,878 56,233 1,682,089 45,935 882,198 53,463 1,102,135 58,673 26,148,337 29,209 77,759 4,003 1,000 29 27 3,343 1,598 0 0 0 0 35,529 186,058 58,679 6,860,622 58,706 7,027,448 31,141 1,098,595 17,596
Amount
5,509,081
3,021,611
948,691
679,625
603,683
255,471
* - 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.