State Data Illinois[58]

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Tax Year 2002, United States Selected Income and Tax Items for Individual Income Tax Returns: Forms 1040, 1040A & 1040EZ, By State and Size of Adjusted Gross Income Filing/Processing Period: January 1, 2003 to December 31, 2003 [Money amounts are in thousands of dollars] Size of adjusted gross income State and item All returns Under $20,000 $20,000 under $30,000 (1) ILLINOIS Number of returns................................................................................................................. 5,736,078 Number of joint returns.......................................................................................................... 2,199,343 2,081,751 255,821 763,813 182,439 445,024 1,462,454 18,963,923 662,585 15,351,763 298,531 503,731 125,055 217,795 1,077,197 390,452 614,504 2,221,887 42,266,331 970,939 35,181,762 559,997 865,872 245,110 421,546 825,642 531,094 483,894 2,085,964 50,680,514 756,840 41,833,652 576,229 968,187 283,273 533,674 445,918 366,925 254,217 1,280,360 38,374,276 415,901 31,963,982 361,072 669,266 204,568 426,763 416,318 363,173 237,510 1,243,872 54,669,368 386,881 43,580,629 369,732 1,038,171 257,739 843,191 (2) (3) $30,000 under $50,000 (4) $50,000 under $75,000 (5) $75,000 under $100,000 (6) $100,000 under $200,000 (7) Number with paid preparer's signature.......................................................................................................... 3,277,142 1,149,050 Number of exemptions................................................................................................................. 2,909,316 11,590,915 Adjusted gross income (AGI)................................................................................................................. 284,862,974 15,424,742 Salaries and wages in AGI: Number.......................................................................................................... 4,898,604 1,594,950 Amount.......................................................................................................... 215,833,160 14,407,775 Taxable interest: Number.......................................................................................................... 739,286 3,025,306 Amount.......................................................................................................... 7,427,267 Dividends: Number .......................................................................................................... 1,569,821 Amount.......................................................................................................... 5,065,199 Business or profession net income (less loss): Number.......................................................................................................... 750,137 Amount.......................................................................................................... 8,513,575 Number of farm returns.......................................................................................................... 74,639 241,893 875,998 20,388 1,124,445 348,400 460,971 76,013 531,333 8,668 85,529 29,172 126,616 916,137 15,941 166,810 88,170 121,877 1,080,097 15,266 194,562 217,233 72,943 889,062 6,956 142,799 283,677 79,016 1,962,457 5,405 196,622 1,063,426 Net capital gain (less loss) in AGI: Number.......................................................................................................... 1,127,600 244,346 Amount.......................................................................................................... 11,637,736 Taxable Individual Retirement Arrangements distributions: Number.......................................................................................................... 395,698 Amount.......................................................................................................... 4,317,565 112,278 478,544 247,749 52,475 318,584 136,002 1,547,043 77,922 436,613 85,478 167,721 1,592 6,361 149,897 2,053,106 132,928 99,805 76,242 612,000 200,062 2,891,604 107,109 573,561 139,496 830,044 4,249 21,970 406,796 5,489,894 387,554 440,218 68,705 778,394 176,432 3,255,590 86,069 438,901 112,545 1,296,119 6,717 42,654 508,216 7,900,772 495,545 857,657 38,603 614,173 96,939 2,160,145 39,936 210,334 53,539 744,072 6,820 52,968 357,981 6,499,645 352,656 860,324 36,779 961,012 88,933 2,537,364 28,075 159,263 46,650 716,962 15,515 197,295 379,780 9,247,842 375,967 1,432,439 Pensions and annuities in AGI: Number.......................................................................................................... 1,016,054 295,241 Amount.......................................................................................................... 15,267,934 2,029,193 Unemployment compensation: Number.......................................................................................................... 487,113 143,941 Amount.......................................................................................................... 2,479,566 634,578 Social Security benefits in AGI: Number.......................................................................................................... 469,503 14,920 Amount.......................................................................................................... 4,095,858 31,103 Self-employment retirement plans: Number.......................................................................................................... 52,043 1,743 Amount.......................................................................................................... 747,501 6,795 Total itemized deductions: Number................................................................................................................. 2,082,965 160,325 Amount.......................................................................................................... 40,558,395 2,423,332 State and local income taxes: Number.......................................................................................................... 1,975,659 111,617 Amount.......................................................................................................... 5,868,183 91,472 Real estate taxes: Number..........................................................................................................130,237 1,894,763 Amount.......................................................................................................... 7,164,384 Taxes paid: Number.......................................................................................................... 2,079,865 Amount.......................................................................................................... 13,467,190 Interest paid: Number.......................................................................................................... 1,754,445 Amount.......................................................................................................... 16,064,235 Contributions: Number.......................................................................................................... 1,845,432 Amount.......................................................................................................... 6,202,302 392,970 155,857 519,260 96,390 734,477 106,895 154,680 123,980 321,763 149,178 436,227 108,313 713,783 120,649 208,047 728,851 9,161,574 302,178 186,008 190,264 105,205 43,760 20,953 217,194 289,157 351,120 933,549 406,953 1,410,180 332,164 2,254,419 346,208 659,242 1,065,161 26,085,472 430,715 394,627 303,759 266,601 63,668 31,645 31,799 12,430 468,339 1,421,180 509,202 2,323,580 448,852 3,484,671 455,967 984,940 823,040 34,418,707 366,182 423,614 298,064 314,933 58,811 27,674 --- 340,821 1,243,848 358,524 2,138,595 325,468 2,831,774 334,615 858,343 445,236 27,420,035 226,614 263,600 179,807 194,007 38,611 17,974 --- 364,478 1,793,718 380,038 3,373,048 341,064 3,804,313 364,280 1,335,341 415,798 41,552,611 154,914 128,908 97,903 87,024 34,551 16,423 --- Taxable income: Number................................................................................................................. 951,979 4,555,318 Amount.......................................................................................................... 200,099,355 4,328,560 Total tax credits: Number.................................................................................................................212,670 1,738,667 Amount.......................................................................................................... 1,632,642 Child tax credit: Number.......................................................................................................... 1,158,717 Amount.......................................................................................................... 991,570 Child care credit: Number.......................................................................................................... 262,509 Amount.......................................................................................................... 122,371 65,239 88,920 23,800 16,892 4,597 Earned income credit: Number................................................................................................................. 837,255 588,262 Amount.......................................................................................................... 1,437,212 Excess earned income credit (refundable): Number.......................................................................................................... 723,686 Amount.......................................................................................................... 1,271,199 Income tax: Number................................................................................................................. 4,195,666 Amount.......................................................................................................... 40,374,729 529,087 1,027,302 812,397 420,241 1,135,624 173,393 235,723 592,033 944,041 620,984 1,063,918 84,006 84,734 659,602 1,241,473 21,206 8,173 991,698 3,242,129 1,010,485 3,463,122 151,816 212,475 893,369 1,841,791 --814,071 4,951,287 817,296 5,207,078 152,288 301,767 641,634 1,783,463 --444,391 4,595,863 444,931 4,789,481 113,599 297,966 312,213 1,049,746 --415,758 8,749,857 415,985 9,085,615 139,057 665,257 248,656 1,124,981 Total tax liability: Number................................................................................................................. 4,424,778 989,735 Amount.......................................................................................................... 42,121,146 655,118 Tax due at time of filing: Number................................................................................................................. 899,265 203,965 Amount.......................................................................................................... 3,767,616 113,226 Overpayments: Number................................................................................................................. 4,490,780 1,688,966 Amount.......................................................................................................... 9,978,526 FOOTNOTES: Details may not add to totals because of rounding. This table presents aggregates of all returns filed and processed through the Individual Master File (IMF) system during Calendar Year 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 this table should, therefore, be used with the knowledge that some of the data have not been perfected or edited for statistical purposes. 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 2,179,848 could each have been located in a State other than the State in which the taxpayer resided. This table includes (a) "substitutes for returns," whereby the Internal Revenue Service constructs returns for certain non-filers 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. 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. Income tax includes the "alternative minimum tax." Total tax liability differs from "income tax" in that it is the sum of income tax after subtraction of all tax credits except the "earned income credit," and, in addition, includes the "alternative minimum tax," taxes from recapture of prior-year investment and low-income housing credits, tax applicable to Individual Retirement Arrangements (IRA's), Social Security taxes on selfemployment income and on certain tip income, and certain other incomerelated taxes. 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. AGI Amount is less deficits, where applicable. Tax-exempt Interest is not included in AGI. Total Credits excludes the "earned income credit," shown separately below. Excess Earned Income Credit, or the refundable portion of the "earned income credit" equals the amount in excess of "total tax liability," which is shown in the table. The excess credit shown includes any "advance earned income credit payments" for those returns that had such an excess. SOURCE: Internal Revenue Service, Information Services, Martinsburg Computing Center, Master File Service Support Branch. Unpublished data. October 2004. $200,000 or more (8) 125,439 109,439 92,943 387,062 64,483,818 110,508 33,513,596 120,459 2,257,595 105,676 2,161,259 31,779 2,258,491 2,015 96,932 9,708,308 10,616 554,858 22,445 846,995 4,061 26,316 16,875 309,837 15,407 419,457 119,970 6,943,803 119,392 2,086,268 115,788 1,057,356 120,113 3,266,301 102,194 2,240,798 116,818 2,001,708 125,253 57,132,394 45,394 170,647 --6,216 3,104 --- --125,318 17,471,311 125,362 17,856,813 54,534 2,092,189 46,340 757,225

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