Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross Income, Tax Year 2006
[Money amounts are in thousands of dollars]
Size of adjusted gross income Item All returns Under $50,000 [1] $50,000 under $75,000 (1) INDIANA Number of returns Number of joint returns Number with paid preparer's signature Number of exemptions Adjusted gross income (AGI) [3] Salaries and wages in AGI: [4] 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 Pensions and annuities in AGI: Number Amount Unemployment compensation: [5] Number Amount Social Security benefits in AGI: Number Amount Self-employment retirement plans: Number Amount Total itemized deductions: [6] 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: [7] Number Amount Residential energy tax credit: Number Amount Child tax credit: Number Amount Child and dependent care credit: Number Amount Earned income credit: [8] Number Amount Excess earned income credit (refundable): [9] Number Amount Alternative minimum tax: Number Amount Income tax: [10] Number Amount Total tax liability: [11] Number Amount Tax due at time of filing: [12] Number Amount Overpayments: [13] Number 2,969,013 1,227,051 1,710,443 5,950,132 142,501,220 2,531,088 104,505,176 1,288,238 3,049,028 607,884 2,514,143 382,968 3,941,333 57,102 491,394 7,823,427 238,806 2,666,687 587,418 8,423,371 184,115 635,115 290,829 2,891,232 16,443 263,536 911,095 17,772,743 868,519 3,764,265 38,072 54,865 835,152 1,761,850 913,439 6,196,121 795,288 6,557,895 738,413 2,948,499 2,260,222 96,270,610 948,073 1,117,226 107,106 20,388 597,841 785,274 120,224 58,739 459,366 852,437 408,601 769,876 43,228 177,419 2,023,250 15,908,786 2,147,036 16,756,095 453,355 1,806,032 2,435,075 2,022,825 470,071 1,138,548 3,346,545 39,463,403 1,657,411 32,643,963 644,297 936,611 269,560 420,609 215,212 1,136,739 30,188 211,844 486,211 136,771 830,867 364,229 3,731,404 123,476 422,337 148,228 670,536 2,153 10,586 286,534 3,988,820 253,937 394,334 27,558 22,137 242,826 357,818 287,294 1,008,789 228,082 1,475,734 195,911 392,742 1,315,584 18,363,516 472,814 359,716 33,113 5,776 277,085 248,004 42,255 20,610 459,366 852,436 408,601 769,876 512 1,566 1,096,734 1,904,252 1,215,007 2,182,173 210,213 195,397 1,764,315 430,184 301,795 257,662 1,099,202 26,507,039 396,304 21,719,793 242,226 391,587 108,184 248,043 68,504 547,367 11,614 84,341 315,119 43,084 502,792 97,787 1,671,947 35,059 123,301 67,489 886,279 1,634 10,971 216,447 3,314,946 211,788 562,728 4,854 9,694 200,345 325,350 217,242 950,415 196,130 1,426,270 173,886 436,781 429,051 17,545,062 210,258 338,916 29,326 5,467 159,219 268,967 30,399 14,444 0 0 0 0 1,002 1,299 412,767 2,138,356 417,495 2,274,251 85,210 165,135 337,055 249,011 214,652 144,802 709,648 21,452,325 232,487 17,623,835 173,489 301,848 84,464 221,236 42,909 432,563 7,121 66,507 358,062 27,364 442,294 60,104 1,195,325 16,404 56,480 36,133 604,002 1,879 14,921 172,990 3,098,360 170,599 625,619 2,618 8,852 165,065 316,782 173,459 1,004,647 160,958 1,287,179 149,742 435,784 248,794 15,312,151 138,028 237,522 21,366 4,102 99,889 177,489 23,754 12,019 0 0 0 0 1,229 2,172 247,214 2,035,237 247,813 2,142,223 53,551 142,231 189,625 214,465 193,977 127,560 635,032 27,742,748 199,189 21,414,381 177,734 476,909 104,847 462,843 42,181 849,019 6,188 88,647 953,344 25,476 624,241 54,253 1,407,312 8,690 30,861 30,086 547,950 5,029 67,012 184,788 4,205,617 182,550 1,016,364 2,331 8,631 178,316 474,177 185,044 1,572,008 168,605 1,596,260 170,616 716,833 214,315 21,158,680 102,649 120,144 20,000 4,210 61,617 90,789 20,774 10,181 0 0 0 0 9,204 17,530 214,056 3,693,554 214,221 3,868,297 76,128 361,970 128,910 52,528 46,556 41,871 159,705 27,335,705 45,697 11,103,205 50,492 942,073 40,829 1,161,414 14,162 975,645 1,991 40,055 5,710,691 6,111 266,492 11,045 417,382 486 2,136 8,893 182,464 5,748 160,047 50,336 3,165,000 49,645 1,165,221 711 5,550 48,600 287,724 50,400 1,660,262 41,513 772,451 48,258 966,358 52,478 23,891,200 24,324 60,927 3,301 833 31 26 3,042 1,485 0 0 0 0 31,281 154,851 52,479 6,137,389 52,500 6,289,151 28,253 941,300 15,170 (2) (3) $75,000 under $100,000 (4) $100,000 under $200,000 (5) (6) $200,000 or more
Amount
5,287,029
2,935,626
944,049
652,742
528,701
225,910
** - 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] U.S. totals in Table 2 do not agree with Tables 1 and 3 because Table 2 also includes (a) "substitutes for returns," whereby the Internal Revenue Service constructs returns for certain nonfilers on the basis of available information and imposes an income tax on the resulting estimate of the tax base, i.e., "taxable income," and (b) returns of nonresident or departing aliens. In addition, for Table 2: "Income tax" includes the "alternative minimum tax," but differs from "total income tax" in Tables 1 and 3 in that it is after subtraction of all tax credits except a portion of the "earned income credit." See, also, footnote 7, below, for an explanation of the treatment of the earned income credit, and Table 1, footnotes 31, 34, and 37. [3] Less deficit. [4] "Number," here, and elsewhere in Table 2, represents number of returns, unless otherwise specified. [5] 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. [6] "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 highincome taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax. See also, Table 1, footnote 22. [7] Unlike Table 1, "total tax credits" exclude the "earned income credit", shown separately below, in Table 2. [8] "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; credit amounts in excess of tax, or amounts when there was no tax liability at all, were refundable. See footnote 10, below. [9] The refundable portion of the "earned income credit" equals the amount in excess of "total tax liability," which is shown below in Table 2 and defined in footnote 10. The excess credit shown includes any "advance earned income credit payments" for those returns that had such an excess. See also footnote 7, above. [10] See footnote 2, above. [11] "Total tax liability" differs from "income tax," shown above in Table 2, in that it 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, and certain other income-related taxes. See also footnote 7, above, for an explanation of the treatment of the earned income credit. [12] Reflects payments of the taxes listed in footnote 10, above. [13] See Table 1, footnote 40. [14] 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 2007, including any returns filed for tax years preceding 2006. In general, during administrative or Master File processing, taxpayer reporting discrepancies are corrected only to the extent necessary to verify the income 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 2, 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 Winter Bulletin. For further explanation of the tax terms, refer to the "Individual Income Tax Returns," Publication 1304. SOURCE: IRS, Statistics of Income Division, Individual Master File System, January 2008.