Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross Income, Tax Year 2004
[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) MAINE Number of returns................................................................................................................. 618,852 Number of joint returns.......................................................................................................... 262,833 448,486 121,811 87,927 68,241 50,905 226,568 5,387,995 80,397 4,329,837 57,790 65,285 27,206 68,324 18,365 201,179 744 20,780 84,627 7,626 79,889 19,368 378,568 5,478 20,053 12,790 139,804 1,032 7,476 48,815 749,429 42,051 37,336 24,199 119,019 3,606,096 38,722 2,874,423 33,193 43,567 17,155 55,785 8,824 130,090 390 13,568 95,361 3,841 57,634 9,640 221,234 1,651 6,540 5,535 77,077 912 8,247 33,917 598,919 31,239 27,549 20,062 88,961 4,074,874 27,746 2,824,668 27,790 64,205 17,879 113,109 7,763 226,686 318 16,106 275,151 3,347 81,751 7,348 209,897 849 3,639 4,749 75,989 1,654 24,545 29,252 715,877 9,149 7,896 7,860 26,328 4,210,100 7,588 1,692,483 8,888 96,902 7,293 193,924 2,794 211,753 139 7,267 975,044 942 36,403 1,806 55,146 105 532 1,665 29,131 1,055 26,123 8,724 538,532 (2) (3) $75,000 under $100,000 (4) $100,000 under $200,000 (5) (6) $200,000 or more
Number with paid preparer's signature.......................................................................................................... 224,018 327,044 Number of exemptions................................................................................................................. 1,173,793 712,917
Adjusted gross income (AGI) [3]................................................................................................................. 9,026,171 26,305,236 Salaries and wages in AGI: [4] Number..........................................................................................................371,180 525,633 Amount.......................................................................................................... 19,062,442 7,341,031 166,430 165,966 75,192 132,736 75,450 487,467 3,076
Taxable interest: Number.......................................................................................................... 294,091 Amount.......................................................................................................... 435,925
Ordinary dividends: Number .......................................................................................................... 144,725 Amount.......................................................................................................... Business or profession net income (less loss): Number.............................. Amount.......................................................................................................... 563,875 113,196 1,257,175
Number of farm returns.......................................................................................................... 4,667
Net capital gain (less loss) in AGI: Number.......................................................................................................... 115,091 57,370 Amount.......................................................................................................... Taxable individual retirement arrangements distributions: Number............... Amount.......................................................................................................... 1,521,246 45,131 420,359 91,065 29,375 164,683
Pensions and annuities in AGI: Number..........................................................................................................68,741 106,903 Amount.......................................................................................................... 1,670,582 805,737
Unemployment compensation: [13] Number.......................................................................................................... 38,614 30,531 Amount.......................................................................................................... 129,084 98,318
Social Security benefits in AGI: Number..........................................................................................................28,202 52,941 Amount.......................................................................................................... 433,340 111,339
Self-employment retirement plans: Number.......................................................................................................... 6,137 1,484 Amount.......................................................................................................... 74,533 8,144
Total itemized deductions: [5] Number................................................................................................................. 191,102 70,394 Amount.......................................................................................................... 3,552,429 949,671
State and local income taxes: Number.......................................................................................................... 55,188 172,692 Amount.......................................................................................................... 919,803 90,393
46,893 152,307 1,951 11,780 46,773 114,869 49,077 299,043 43,586 282,300 42,789 69,438 87,636 3,584,269 40,419 67,501 31,507 51,416 8,358 4,192 0 0 0 0 251 330 85,477 429,997 86,205 469,816 21,423 42,236 63,798 151,304
33,252 161,244 665 1,179 32,909 93,781 34,001 273,619 30,758 209,637 31,067 59,893 41,981 2,561,704 21,747 37,288 16,055 26,994 4,730 2,429 0 0 0 0 449 703 41,803 342,749 41,889 368,183 10,764 30,534 29,713 90,820
28,735 234,714 476 1,185 28,376 109,757 29,270 363,500 25,235 211,627 27,595 86,356 31,183 3,068,122 13,596 15,853 ** 8,249 ** 11,513 3,185 1,518 0 0 0 0 4,090 7,590 31,169 540,789 31,197 578,298 12,337 70,852 16,585 69,591
8,624 281,145 153 597 8,576 64,518 8,787 355,894 6,997 95,817 8,456 136,215 9,140 3,637,519 3,923 8,001 ** ** 547 272 0 0 0 0 6,785 37,354 9,146 912,135 9,148 936,127 5,021 154,507 2,475 31,147
State and local general sales tax: Number.......................................................................................................... 16,418 13,173 Amount.......................................................................................................... 24,407 9,666 63,581 144,198 70,632 293,116 55,912 320,509 53,598 69,095 320,891 4,464,840 100,549 78,975 55,925 52,526 11,263 5,236 87,148 137,940 71,975 116,408 82 322 277,447 472,650 310,500 574,119
Real estate taxes: Number.......................................................................................................... 180,215 Amount.......................................................................................................... 527,126
Taxes paid: Number.......................................................................................................... 191,767 Amount.......................................................................................................... 1,585,172
Interest paid: Number.......................................................................................................... 162,488 Amount.......................................................................................................... 1,119,892
Contributions: Number.......................................................................................................... 163,505 Amount.......................................................................................................... 420,997
Taxable income: Number................................................................................................................. 490,831 Amount.......................................................................................................... 17,316,454
Total tax credits: [6] Number................................................................................................................. 180,234 Amount.......................................................................................................... 207,617
Child tax credit: Number.......................................................................................................... 111,736 Amount.......................................................................................................... 142,449
Child care credit: Number.......................................................................................................... 28,083 Amount.......................................................................................................... 13,648
Earned income credit: [7] Number................................................................................................................. 87,148 Amount.......................................................................................................... Excess earned income credit (refundable): [8] Number................................ Amount.......................................................................................................... 137,940 71,975 116,408
Alternative minimum tax: Number................................................................................................................. 11,657 Amount.......................................................................................................... 46,299
Income tax: [9] Number................................................................................................................. 445,042 Amount.......................................................................................................... 2,698,320
Total tax liability: [10] Number................................................................................................................. 478,939 Amount.......................................................................................................... 2,926,545
Tax due at time of filing: [11] Number................................................................................................................. 66,674 116,219 Amount.......................................................................................................... 367,961 69,833 358,133 503,455
Overpayments: [12] Number................................................................................................................. 470,704 Amount.......................................................................................................... 846,316
** - 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] "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. See also, Table 1, footnote 22. [6] Unlike Table 1, "total tax credits" exclude the "earned income credit", shown separately below, in Table 2. [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; credit amounts in excess of tax, or amounts when there was no tax liability at all, were refundable. See footnote 10, below. [8] 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. [9] See footnote 2, above. [10] "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. [11] Reflects payments of the taxes listed in footnote 10, above. [12] See Table 1, footnote 40. [13] 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. [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 2005, including any returns filed for tax years preceding 2004. 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 2006.