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 $75,000 $100,000 $200,000
$50,000 [1] under under under or more
$75,000 $100,000 $200,000
(1) (2) (3) (4) (5) (6)
UTAH
996,414
Number of returns................................................................................................................. 701,242 146,359 74,170 58,594 16,049
479,868
Number of joint returns.......................................................................................................... 226,130 118,155 67,230 53,915 14,438
515,669
Number with paid preparer's signature.......................................................................................................... 349,965 79,066 39,364 34,389 12,885
2,327,915
Number of exemptions................................................................................................................. 1,357,258 466,018 249,781 199,694 55,164
44,972,147 13,676,747
Adjusted gross income (AGI) [3]................................................................................................................. 8,968,526 6,365,523 7,597,690 8,363,660
875,836
Salaries and wages in AGI: [4] Number..........................................................................................................604,522 134,808 68,878 53,877 13,751
Amount.......................................................................................................... 33,823,382 12,200,260 7,472,269 5,212,671 5,669,109 3,269,075
456,928
Taxable interest: Number.......................................................................................................... 240,374 93,699 56,979 50,529 15,347
Amount.......................................................................................................... 709,814 205,006 83,724 67,846 110,589 242,649
173,024
Ordinary dividends: Number .......................................................................................................... 79,931 32,346 23,345 26,342 11,060
Amount.......................................................................................................... 629,002 112,062 50,354 43,005 93,055 330,525
Business or profession net income (less loss): Number.............................. 159,395 94,893 29,774 15,950 14,083 4,695
Amount.......................................................................................................... 1,089,541 326,623 155,642 123,689 238,663 244,924
14,313
Number of farm returns.......................................................................................................... 7,919 2,966 1,605 1,294 529
160,342 72,533
Net capital gain (less loss) in AGI: Number.......................................................................................................... 29,193 21,019 25,697 11,900
Amount.......................................................................................................... 2,533,060 135,932 87,934 104,938 315,957 1,888,299
Taxable individual retirement arrangements distributions: Number............... 54,994 32,067 10,692 6,084 4,923 1,228
Amount.......................................................................................................... 590,281 201,300 119,137 96,652 124,951 48,242
151,295
Pensions and annuities in AGI: Number..........................................................................................................89,861 29,292 16,330 13,100 2,712
Amount.......................................................................................................... 2,698,041 1,170,490 613,690 403,484 405,916 104,461
51,422 39,094
Unemployment compensation: [13] Number.......................................................................................................... 8,037 2,884 1,290 117
Amount.......................................................................................................... 154,970 113,172 26,459 9,938 4,895 507
72,557
Social Security benefits in AGI: Number..........................................................................................................36,441 17,875 8,925 7,097 2,219
Amount.......................................................................................................... 661,150 155,133 211,356 135,776 119,220 39,666
4,448 758
Self-employment retirement plans: Number.......................................................................................................... 600 589 1,384 1,117
Amount.......................................................................................................... 64,321 3,946 4,596 5,593 20,607 29,579
399,976 152,862
Total itemized deductions: [5] Number................................................................................................................. 109,829 66,047 55,842 15,396
Amount.......................................................................................................... 8,486,918 2,349,860 1,936,648 1,381,091 1,576,022 1,243,297
342,626 109,157
State and local income taxes: Number.......................................................................................................... 101,931 63,219 53,556 14,763
Amount.......................................................................................................... 1,535,101 176,415 300,959 270,916 361,915 424,896
53,140 40,000
State and local general sales tax: Number.......................................................................................................... 7,636 2,736 2,148 620
Amount.......................................................................................................... 106,352 33,753 55,616 7,541 6,586 2,856
366,102
Real estate taxes: Number.......................................................................................................... 131,785 102,644 63,089 53,733 14,851
Amount.......................................................................................................... 591,288 169,394 138,040 100,852 114,970 68,030
400,876
Taxes paid: Number.......................................................................................................... 153,413 110,050 66,120 55,865 15,428
Amount.......................................................................................................... 2,463,418 570,474 508,468 389,616 494,203 500,657
346,552
Interest paid: Number.......................................................................................................... 125,248 99,239 59,911 49,652 12,502
Amount.......................................................................................................... 3,003,614 937,341 786,121 515,919 517,778 246,457
363,102
Contributions: Number.......................................................................................................... 128,774 102,251 63,039 54,005 15,033
Amount.......................................................................................................... 2,323,832 406,658 468,347 379,037 478,194 591,596
770,060
Taxable income: Number................................................................................................................. 475,733 145,745 74,050 58,515 16,017
Amount.......................................................................................................... 27,886,797 6,007,239 5,304,370 4,139,035 5,385,093 7,051,060
346,680
Total tax credits: [6] Number................................................................................................................. 192,104 82,374 41,976 25,588 4,638
Amount.......................................................................................................... 468,972 158,915 157,890 89,129 43,340 19,698
247,642
Child tax credit: Number.......................................................................................................... 119,670 71,648 35,774 20,488 62
Amount.......................................................................................................... 354,863 108,073 133,825 75,290 37,629 45
35,524
Child care credit: Number.......................................................................................................... 14,697 11,035 5,685 3,613 494
Amount.......................................................................................................... 15,892 6,495 4,895 2,616 1,657 229
143,034
Earned income credit: [7] Number................................................................................................................. 143,034 0 0 0 0
Amount.......................................................................................................... 249,399 249,399 0 0 0 0
Excess earned income credit (refundable): [8] Number................................ 127,465 127,465 0 0 0 0
Amount.......................................................................................................... 221,398 221,398 0 0 0 0
13,765
Alternative minimum tax: Number................................................................................................................. 307 353 545 4,525 8,035
Amount.......................................................................................................... 47,781 1,091 546 840 7,944 37,361
646,503
Income tax: [9] Number................................................................................................................. 371,320 128,875 72,030 58,252 16,026
Amount.......................................................................................................... 4,387,744 572,930 569,554 515,247 921,127 1,808,886
702,620
Total tax liability: [10] Number................................................................................................................. 421,681 133,837 72,691 58,380 16,031
Amount.......................................................................................................... 4,633,683 669,909 611,280 545,282 964,633 1,842,578
183,818
Tax due at time of filing: [11] Number................................................................................................................. 94,838 34,654 20,805 24,666 8,855
Amount.......................................................................................................... 630,670 79,732 59,050 50,446 125,645 315,796
768,634
Overpayments: [12] Number................................................................................................................. 572,525 108,873 51,485 31,019 4,732
Amount.......................................................................................................... 1,522,453 888,398 280,031 155,436 132,120 66,468
** - 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.