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)
IOWA
Number of returns................................................................................................................. 691,286 1,324,876 Number of joint returns.......................................................................................................... 603,236 140,544 Number with paid preparer's signature.......................................................................................................... 929,725 465,714 Number of exemptions................................................................................................................. 2,677,834 999,556 Adjusted gross income (AGI) [3]................................................................................................................. 54,107,442 8,803,821 Salaries and wages in AGI: [4] Number.......................................................................................................... 1,123,514 547,490 Amount.......................................................................................................... 40,931,563 7,188,518 261,947 138,734 192,789 592,245 10,279,579 234,194 8,220,403 146,440 227,162 67,979 93,863 200,227 166,250 148,685 563,794 12,278,206 184,341 9,958,968 140,827 221,576 70,693 107,361 93,410 85,911 65,681 284,032 7,990,370 86,813 6,475,508 75,735 135,494 44,007 82,121 62,681 57,940 43,881 191,418 8,096,025 57,256 5,928,354 55,869 172,062 39,445 138,695 15,325 13,857 12,975 46,789 6,659,442 13,420 3,159,813 14,765 230,016 12,583 265,632
Taxable interest: Number.......................................................................................................... 711,193 277,557 Amount.......................................................................................................... 1,407,981 421,672
Dividends: Number .......................................................................................................... 127,746 362,453 Amount.......................................................................................................... 836,554 Business or profession net income (less loss): Number.......................................................................................................... 202,364 Amount.......................................................................................................... 1,741,693 81,736 296,241 148,882
45,309 288,270 20,140 47,911 74,964
38,335 299,522 15,732 48,205 114,103
18,147 208,447 6,351 30,518 109,277
14,344 369,539 4,057 30,732 260,252
4,493 279,674 1,195 11,757 857,788
Number of farm returns..........................................................................................................36,705 84,180 Net capital gain (less loss) in AGI: Number.......................................................................................................... 263,297 94,174 Amount.......................................................................................................... 1,496,951 Taxable Individual Retirement Arrangements distributions: Number.......................................................................................................... 107,288 52,079 Amount.......................................................................................................... 811,008 214,679 80,567
22,037 145,348 52,386 668,972 29,446 102,167 42,945 250,248 1,688
17,252 160,960 42,238 644,728 21,284 69,455 29,120 354,246 2,415
8,306 110,727 19,754 370,892 6,304 19,891 12,255 188,983 2,025
6,150 127,258 13,664 330,519 2,236 8,098 8,887 148,951 3,254
1,464 52,038 2,951 91,434 171 817 2,638 50,116 1,753
Pensions and annuities in AGI: Number.......................................................................................................... 246,566 115,573 Amount.......................................................................................................... 3,028,892 922,350
Unemployment compensation: [13] Number.......................................................................................................... 114,193 54,752 Amount.......................................................................................................... 393,135 192,708
Social Security benefits in AGI: Number.......................................................................................................... 126,799 30,954 Amount.......................................................................................................... 1,047,983 55,440
Self-employment retirement plans: Number.......................................................................................................... 12,246 1,111
Amount.......................................................................................................... 125,801
4,369
8,294 82,732 993,413 80,589 144,703 73,541 112,065 82,414 270,585 65,615 342,869 66,715 121,190 259,753 6,073,487 124,490 117,964 81,031 76,569 20,373 8,877 9,683 4,239
14,885 102,183 1,523,976 101,708 301,816 96,653 171,925 102,415 567,676 89,890 555,178 90,647 188,953 199,902 8,199,831 103,795 140,750 82,457 94,935 27,074 12,445 ---
16,189 71,741 1,218,248 71,561 312,359 69,101 148,585 71,828 481,725 64,827 437,588 67,102 168,236 93,329 5,723,393 51,831 69,571 39,823 46,048 13,046 5,886 ---
43,299 57,266 1,311,565 57,056 404,535 55,161 162,146 57,278 587,320 49,236 411,002 54,983 221,704 62,637 6,151,953 26,100 23,762 17,108 16,616 7,475 2,949 ---
38,766 14,656 826,215 14,627 366,873 14,112 76,984 14,697 453,443 11,318 177,340 14,339 249,630 15,313 5,770,551 5,768 9,766 7 6 999 419 ---
Total itemized deductions: [5] Number................................................................................................................. 401,484 72,906 Amount.......................................................................................................... 6,825,027 951,610
State and local income taxes: Number.......................................................................................................... 379,362 53,821 Amount.......................................................................................................... 1,582,630 52,343
Real estate taxes: Number.......................................................................................................... 365,697 57,129 Amount.......................................................................................................... 758,192 86,488
Taxes paid: Number.......................................................................................................... 68,312 396,944 Amount.......................................................................................................... 2,508,763 148,016
Interest paid: Number.......................................................................................................... 36,921 317,807 Amount.......................................................................................................... 2,117,527 193,552
Contributions: Number..........................................................................................................54,308 348,094 Amount.......................................................................................................... 1,041,979 92,267
Taxable income: Number................................................................................................................. 1,055,109 424,175 Amount.......................................................................................................... 35,328,845 3,409,629
Total tax credits: [6] Number................................................................................................................. 433,051 121,067 Amount.......................................................................................................... 417,428 55,615
Child tax credit: Number.......................................................................................................... 270,135 49,709 Amount.......................................................................................................... 258,636 24,461
Child care credit: Number.......................................................................................................... 82,152 13,185 Amount.......................................................................................................... 36,110 5,534
Earned income credit: [7] Number................................................................................................................. 172,426 162,743 Amount.......................................................................................................... 270,896 Excess earned income credit (refundable): [8] Number.......................................................................................................... 145,638 Amount.......................................................................................................... 236,538 139,073 233,688 266,657
6,565 2,851 233,730 667,064 243,251 749,698 47,400 73,721 204,824 381,329
--197,222 996,574 198,241 1,080,606 46,467 98,671 145,870 329,035
--93,044 793,028 93,156 845,302 21,696 68,793 67,350 194,301
--62,589 1,118,330 62,630 1,188,285 20,352 114,180 37,130 152,356
--15,314 1,527,974 15,319 1,565,745 6,251 137,917 5,848 77,861
Income tax: [9] Number................................................................................................................. 964,039 362,140 Amount.......................................................................................................... 5,442,261 339,291
Total tax liability: [10] Number................................................................................................................. 1,028,524 415,927 Amount.......................................................................................................... 5,865,511 435,875
Tax due at time of filing: [11] Number................................................................................................................. 230,276 88,110 Amount.......................................................................................................... 555,197 61,915
Overpayments: [12] Number................................................................................................................. 1,009,948 548,926 Amount.......................................................................................................... 1,821,650
[1] Includes returns with adjusted gross deficit.
686,767
[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.