Table 2.--Individual Income and Tax Data, by State and Size of Adjusted Gross Income, Tax Year 2003
[Money amounts are in thousands of dollars]
Size of adjusted gross income
State and item
All returns
Under $30,000 [1]
$30,000 under $50,000
$50,000 under $75,000 (4)
$75,000 under $100,000 (5)
$100,000 under $200,000 (6)
$200,000 or more
(1)
(2)
(3)
(7)
INDIANA
Number of returns................................................................................................................. 2,816,535 1,467,713 Number of joint returns.......................................................................................................... 1,202,171 270,221 Number with paid preparer's signature.......................................................................................................... 1,670,234 849,209 Number of exemptions................................................................................................................. 5,730,120 2,232,385 Adjusted gross income (AGI) [3]................................................................................................................. 119,764,629 18,504,291 Salaries and wages in AGI: [4] Number.......................................................................................................... 2,447,743 1,193,367 Amount.......................................................................................................... 93,119,533 15,502,822 528,893 249,153 321,225 1,164,208 20,719,602 484,179 17,276,357 235,696 296,817 97,847 155,487 418,739 320,551 254,311 1,130,114 25,710,164 393,598 21,802,463 254,532 310,254 112,063 185,799 211,457 188,892 123,491 625,760 18,136,735 201,040 15,465,376 156,651 200,932 78,071 145,841 154,488 141,814 93,208 468,101 19,841,389 144,646 15,631,577 131,405 275,552 81,081 273,760 35,245 31,540 28,790 109,552 16,852,448 30,913 7,440,938 33,847 445,353 28,036 636,975
Taxable interest: Number.......................................................................................................... 1,273,546 461,415 Amount.......................................................................................................... 2,120,254 591,346
Dividends: Number .......................................................................................................... 198,055 595,153 Amount.......................................................................................................... 1,648,723 Business or profession net income (less loss): Number.......................................................................................................... 357,717 Amount.......................................................................................................... 3,765,528 143,177 804,054 250,861
70,331 498,888 12,764 66,295 93,749
67,315 531,875 11,798 74,603 154,032
35,801 402,636 5,907 52,372 171,780
31,072 772,409 4,242 61,478 448,196
10,021 755,666 1,352 26,127 2,571,377
Number of farm returns..........................................................................................................22,847 58,910 Net capital gain (less loss) in AGI: Number.......................................................................................................... 415,565 134,690 Amount.......................................................................................................... 3,544,178 Taxable Individual Retirement Arrangements distributions: Number.......................................................................................................... 197,183 90,488 Amount.......................................................................................................... 1,863,575 417,972 105,044
38,863 311,091 103,709 1,460,896 52,221 202,802 73,047 432,234 1,383
33,318 377,420 88,601 1,398,753 40,271 152,243 52,544 641,582 2,129
17,319 274,533 46,635 845,502 15,185 57,482 23,525 356,769 2,189
14,118 350,372 34,983 840,647 6,710 26,847 17,665 294,288 5,038
3,077 132,187 6,591 230,493 385 1,981 5,130 95,738 4,501
Pensions and annuities in AGI: Number.......................................................................................................... 539,160 258,641 Amount.......................................................................................................... 6,999,327 2,223,035
Unemployment compensation: [13] Number.......................................................................................................... 222,660 107,888 Amount.......................................................................................................... 845,732 404,376
Social Security benefits in AGI: Number.......................................................................................................... 226,645 54,734 Amount.......................................................................................................... 1,925,632 105,022
Self-employment retirement plans: Number.......................................................................................................... 16,342 1,102
Amount.......................................................................................................... 222,481
4,140
7,392 166,643 2,045,945 165,802 282,594 144,778 167,674 167,244 482,422 145,812 907,973 128,269 263,341 524,928 12,425,811 231,447 218,684 167,544 160,098 24,959 11,827 20,518 9,013
13,236 217,841 3,100,587 218,081 564,888 200,367 267,249 219,020 887,312 201,725 1,386,188 185,546 449,233 418,003 17,382,593 201,750 256,546 169,120 191,683 33,519 15,496 ---
17,010 154,061 2,539,865 154,246 551,574 145,522 234,652 154,630 836,358 145,027 1,085,626 139,634 403,292 211,306 13,163,842 109,698 141,861 88,676 100,947 21,214 10,377 ---
66,275 135,962 2,959,974 135,892 741,733 129,812 300,086 136,198 1,099,216 124,198 1,109,900 128,419 547,738 154,370 15,298,158 60,397 57,831 42,099 40,832 14,797 7,023 ---
114,428 33,559 1,825,327 33,565 708,333 32,239 168,207 33,645 901,198 27,901 467,273 32,470 626,215 35,213 14,888,406 12,651 34,224 16 16 1,892 944 ---
Total itemized deductions: [5] Number................................................................................................................. 830,693 122,627 Amount.......................................................................................................... 14,126,792 1,655,093
State and local income taxes: Number.......................................................................................................... 821,054 113,468 Amount.......................................................................................................... 2,970,279 121,158
Real estate taxes: Number.......................................................................................................... 750,842 98,124 Amount.......................................................................................................... 1,263,698 125,830
Taxes paid: Number.......................................................................................................... 121,754 832,491 Amount.......................................................................................................... 4,531,188 324,684
Interest paid: Number.......................................................................................................... 86,360 731,023 Amount.......................................................................................................... 5,474,385 517,425
Contributions: Number..........................................................................................................85,213 699,551 Amount.......................................................................................................... 2,448,613 158,793
Taxable income: Number................................................................................................................. 2,192,546 848,726 Amount.......................................................................................................... 80,028,481 6,869,670
Total tax credits: [6] Number................................................................................................................. 856,610 240,667 Amount.......................................................................................................... 825,085 115,938
Child tax credit: Number.......................................................................................................... 600,740 133,285 Amount.......................................................................................................... 559,798 66,222
Child care credit: Number.......................................................................................................... 118,066 21,685 Amount.......................................................................................................... 55,825 10,158
Earned income credit: [7] Number................................................................................................................. 425,837 405,319 Amount.......................................................................................................... 718,264 Excess earned income credit (refundable): [8] Number.......................................................................................................... 373,722 Amount.......................................................................................................... 646,620 359,102 640,122 709,252
14,620 6,498 478,409 1,411,094 490,382 1,529,046 69,906 96,877 447,395 909,128
--412,910 2,217,825 414,670 2,346,983 69,109 127,680 338,977 880,354
--210,719 1,885,030 210,965 1,977,918 36,929 100,680 167,905 558,106
--154,286 2,814,171 154,365 2,954,614 42,796 218,943 102,075 454,293
--35,220 3,954,448 35,231 4,061,311 14,837 545,047 13,157 207,791
Income tax: [9] Number................................................................................................................. 2,004,999 713,455 Amount.......................................................................................................... 12,962,889 680,320
Total tax liability: [10] Number................................................................................................................. 2,112,412 806,799 Amount.......................................................................................................... 13,703,703 833,829
Tax due at time of filing: [11] Number................................................................................................................. 356,984 123,407 Amount.......................................................................................................... 1,171,622 82,394
Overpayments: [12] Number................................................................................................................. 2,318,309 1,248,800 Amount.......................................................................................................... 4,748,703
[1] Includes returns with adjusted gross deficit.
1,739,031
[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:
a. “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. b. “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 2d below for an explanation of the treatment of the earned income credit, and Table 1, footnotes 31, 34, and 37. c. “Total tax liability” differs from “income tax,” shown above in Table 2, in that it is the sum of income tax after subtraction of all tax credits except the portions of the “earned income credit,” used to offset income tax before credits and all other taxes and, in addition, includes the taxes from recapture of certain prior-year credits, tax applicable to Individual Retirement Arrangements (IRA’s), Social Security taxes on selfemployment income and on certain tip income, and certain other income-related taxes. See also footnote 2d, below, for an explanation of the treatment of the earned income credit. d. “Earned income credit,” limited somewhat starting with 1996, 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, also, footnote 2c, above. [3] Less deficit. [4] "Number,” here, and elsewhere in Table 2, represents number of returns, unless otherwise specified. [5] See footnote 2a, above. [6] Unlike Table 1, “total tax credits” exclude the “earned income credit,” shown separately below, in Table 2. [7] See footnote 2d, above; see also, Table 1, footnote 37. [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 2c. The excess credit shown includes any “advance earned income credit payments” for those returns that had such an excess. See also, footnote 2d, above, and Table 1, footnote 37. [9] See footnote 2b, above. [10] See footnote 2c, above. [11] Reflects payments of the taxes listed in footnote 2c, above. [12] See Table 1, footnote 40. [13] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ’s. [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 2004, including any returns filed for tax years preceding 2003. 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. SOURCE: IRS, Statistics of Income Spring Bulletin, Publication 1136, Revised June 2005, Historical Table 2, and the Individual Master File System.