New Jersey Statistics of Income 2003 Income Tax Returns

STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY STATISTICS OF INCOME 2003 Income Tax Returns Tax Filing Date April 15, 2004 Office of Revenue and Economic Analysis Fall 2005 New Jersey Statistics of Income 2003 Income Tax Returns TABLE OF CONTENTS INTRODUCTION Summary Tables A Full Year Resident Gross Income Tax Summary B Full Year Taxable Returns Summary by Taxable Income Level C Summary by Return Type D Tax Payment Analysis Summary: All Returns E Full Year Resident Gross Income Tax Data Summary In Current Dollars (1997-2003) CHAPTER 1. INCOME Summary Tables 1.1a Income Sources by Filing Status, Age: Amounts ($000s) 1.1b Income Sources by Filing Status, Age: Returns (000s) 1.2a Other Income Detail by Filing Status, Age: Amounts ($000s) 1.2b Other Income Detail by Filing Status, Age: Returns (000s) 1.3 Income Sources as Percent of Total Income by Filing Status, Age 1.4 Income Distribution by Filing Status, Age 1.5 Gross Income Component by Gross Income Level 1.6 Components Of Other Income by Gross Income 1.7 Gross Income Distribution by Filing Status Detailed Tables by Gross Income Level 1.11a Income Source: All Returns (Amounts, $000s) 1.11b Income Source: All Returns (Returns, 000s) 1.12a Income Source: At Least One Filer 65+ (Amounts, $000s) 1.12b Income Source: At Least One Filer 65+ (Returns, 000s) 1.13a Income Source: All Filers < 65 (Amounts, $000s) 1.13b Income Source: All Filers < 65 (Returns, 000s) 1.14a Income Source: Married Filing Joint (Amounts, $000s) 1.14b Income Source: Married Filing Joint (Returns, 000s) 1.15a Income Source: Single Filers (Amounts, $000s) 1.15b Income Source: Single Filers (Returns, 000s) 1.21a 1.21b 1.22a 1.22b 1.23a 1.23b 1.24a 1.24b 1.25a 1.25b Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: Other Income Source: All Returns (Amounts, $000s) All Returns (Returns, 000s) At Least One Filer 65+ (Amounts, $000s) At Least One Filer 65+ (Returns, 000s) All Filers < 65 (Amounts, $000s) All Filers < 65 (Returns, 000s) Married Filing Joint (Amounts, $000s) Married Filing Joint (Returns, 000s) Single Filers (Amounts, $000s) Single Filers (Returns, 000s) CHAPTER 2. EXEMPTIONS AND DEDUCTIONS Summary Tables 2.1 Number of Exemptions By Filing Status Percent of Total Exemptions By Filing Status 2.2 Value Of Exemptions and Deductions and Percent of Gross Income All Taxpayers and by Filing Status Detailed Tables by Gross Income Level 2.11a Exemptions & Deductions: All Returns (Amounts, $000s) 2.11b Exemptions & Deductions: All Returns (Returns, 000s) 2.12a Exemptions & Deductions: At Least One Filer 65+ (Amounts, $000s) 2.12b Exemptions & Deductions: At Least One Filer 65+ (Returns, 000s) 2.13a Exemptions & Deductions: All Filers < 65 (Amounts, $000s) 2.13b Exemptions & Deductions: All Filers < 65 (Returns, 000s) 2.14a Exemptions & Deductions: Married Filing Joint (Amounts, $000s) 2.14b Exemptions & Deductions: Married Filing Joint (Returns, 000s) 2.15a Exemptions & Deductions: Single Filers (Amounts, $000s) 2.15b Exemptions & Deductions: Single Filers (Returns, 000s) CHAPTER 3. TAX CALCULATIONS AND PAYMENT Summary Tables 3.1 Amount Of Net Charged Tax By Gross Income Level 3.2 Average Tax And Effective Rate By Gross Income Level 3.3 Tax Payment Analysis: Taxable And Nontaxable Returns 3.4 Tax Payment Analysis By Filing Status 3.5 Property Tax Deduction and Credit By Tax Rate Schedule Type Total Gross Income Tax Effect of Property Tax Deduction/Credit Detailed Tables 3.11a Tax Calculations By Gross Income Level: All Returns (Amounts $000s) 3.11b Tax Calculations By Gross Income Level: All Returns (Returns 000s) 3.12a Tax Calculations By Taxable Income Level: All Returns (Amounts $000s) 3.12b Tax Calculations By Taxable Income Level: All Returns (Returns 000s) 3.21a Tax Payments By Gross Income Level: All Returns (Amounts $000s) 3.21b Tax Payments By Gross Income Level: All Returns (Returns 000s) 3.22a Tax Payments By Taxable Income Level: All Returns (Amounts $000s) 3.22b Tax Payments By Taxable Income Level: All Returns (Returns 000s) CHAPTER 4. COMPONENTS OF CHANGE Summary Tables 4.1 Sources of Income: All Returns 2002-2003 Comparison 4.2 Income Distribution: All Returns 2002-2003 Comparison 4.3 Change In Number Of Returns And Gross Income Amount By County 4.4 Net Charged Tax: Taxable Returns 2002-2003 Comparison 4.5 Average Tax And Effective Rate: All Returns 2002-2003 Comparison 4.6 Comparative Tax Payments: All Returns CHAPTER 5. COUNTY DATA Summary Tables 5A Income Tax Return Amounts Summarized by County 5B Income by Type of Taxpayer by County 5C Income by Source of Income by County 5D-1 Total Income by Filing Status with at least one filer Age < 65 5D-2 5E 5F 5G Total Income by Filing Status with at least one filer Age 65+ Summary of Filing Characteristics Income Per Capita Summary Distribution of Total Income by County - Returns CHAPTER 6. NON-RESIDENTS Summary Tables 6A-1 Income Source: All Returns (Amounts, $000s) 6A-2 Income Source: All Returns (Returns, 000s) 6B-1 Tax Calculations By Gross Income Level: All Returns (Amounts $000s) 6B-2 Tax Calculations By Gross Income Level: All Returns (Returns 000s) 6C-1 Tax Payments By Gross Income Level: All Returns (Amounts $000s) 6C-2 Tax Payments By Gross Income Level: All Returns (Returns 000s) APPENDIXES 1 2 3 Explanation of Terms, Data Sources and Limitations New Jersey 2003 Resident Income Tax Return Including Homestead Rebate, Forms and Instructions Packet New Jersey 2003 Nonresident Income Tax Return Forms and Instructions Packet State of New Jersey Department of the Treasury NEW JERSEY STATISTICS OF INCOME 2003 Income Tax Returns: Tax Filing Date April 15, 2004 INTRODUCTION This report contains individual gross income tax data for Tax Year 2003, complete through February 25, 2005. The statistics were based on the New Jersey Division of Taxation’s Gross Income Tax file for Tax Year 2003, which contains records of the tax transactions in over 4.0 Million individual gross income tax accounts. The current report includes data on resident and non-resident taxpayers. For Tax Year 2003 the total number of individual tax returns increased by 47,538 or 1.2%. Total gross income increased $12.8 Billion, or 4.3%, from $298.6 Billion to $311.5 Billion. Total tax liability increased $0.4 Billion, or 6.7% from $6.012 Billion to $6.414 Billion. In tax year 2003 the minimum filing threshold for married filing jointly, household heads and surviving spouses was $20,000. It was $10,000 for married filing separately and single filers. Tax year 2003 was also the final year of a 4-year program to double the amount of retirement income that can be excluded from gross income. In 2003, the amount of pension and other retirement income excluded from gross income increased to $20,000 for joint filers, $10,000 for married filing separately filers, and $15,000 for individual filers. This compares to the 1999 levels of $10,000, $5,000, and $7,500, respectively. The Property Tax Deduction/Credit program allowed eligible homeowners and tenants to deduct 100% of their property tax up to a limit of $10,000 (minimum benefit $50.00). For tenants 18% of rent due and paid during the year is deemed to be property taxes paid. For tax year 2003, this program resulted in a tax decrease of $359.9 Million, up $24.7 Million or 7.4% from Tax Year 2002. An Earned Income Tax Credit that was 10% of the Federal credit went into effect in Tax Year 2000. For Tax Year 2003, it increased to 20% of the Federal credit. Over 217,400 households claimed the credit for a total of $113.9 million. Full Year Resident Filers In order to provide consistency across years for the maximum amount of data, most of the information in this report deals with tax returns filed by those who were residents of New Jersey for all of 2003. The number of these taxpayers increased by 8,578 (0.2%), from 2002 levels. Gross income increased by 2.8% to $226.4 Billion, while total tax liability increased by 3.7% to $5.6 Billion. The percentage increase in liability was limited to taxpayers reporting at least $75,000 in Gross Income and was greatest among taxpayers reporting at least $250,000. Wage income increased by 2.4% between 2002 and 2003. Net profits from business and distributive shares of partnership income increased by 5.4% and 14.1%, respectively. Income from Subchapter-S Corporations increased 1% and net capital gains income grew 28.2%. Interest income and dividend income declined by 16.1% and 9.6%, respectively. This report is divided into 3 sections. Section 1 concerns itself with overall summary information. Section 2 is divided into 6 chapters that contain summary tables as well as tables of detailed aggregate statistics by size of income on fullyear resident income tax returns for the entire state. Data from non-resident returns are presented in Chapter 6. Section 3 (Appendix) provides an explanation of the terms used in the tables, explains the filing requirements, and details the sources and limitations of the date. Internet links to the 2003 tax forms and instruction packets on the Division of Taxation website are included. Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table A. Full Year Resident Gross Income Tax Summary Taxable Returns Number Amount 000s $000s Non-taxable Returns Number Amount 000s $000s All Returns Number Amount 000s $000s Percent of Total Income Taxable NonTotal taxable Item Gross Income: Employee Compensation Interest Dividends Other Total Income Other Retirement Exclusion Excess Retirement Exclusion Gross Income Exemptions: Regular Aged Blind or Disabled Dependent Children Other Dependents Dependent College Student Deductions: Unreimbursed Medical Expenses Alimony Paid Qualified Conservation Contribution Excess Exemptions and Deductions Taxable Income Property Tax Deduction New Jersey Taxable Income Tax Before Credits Other Credits Net Variance Property Tax Credit Earned Income Credit Net Charged Tax 2,421.6 1,582.5 929.6 991.9 2,618.5 24.2 0.0 2,618.5 2,618.5 2,618.5 237.9 37.8 1,076.3 113.7 152.3 885.2 870.5 22.3 1.2 173,265,082 2,830,468 3,182,147 40,066,478 219,344,175 253,851 0 219,090,323 7,548,061 3,881,913 318,583 38,515 2,909,931 217,848 181,271 3,955,837 3,598,941 348,983 7,913 630.6 392.7 235.1 269.6 930.8 139.1 55.8 961.3 961.3 961.3 255.6 38.0 257.5 27.2 10.9 81.8 80.7 1.8 0.6 5,428,118 590,734 413,452 1,519,405 7,951,709 949,421 275,642 7,277,930 2,224,344 1,158,401 348,955 40,058 615,249 49,040 12,641 395,216 371,130 7,604 16,482 3,052.2 178,693,200 1,975.3 3,421,203 1,164.7 3,595,598 1,261.5 41,585,883 3,549.3 227,295,883 163.3 1,203,272 55.8 275,642 3,579.8 226,368,253 3,579.8 3,579.8 493.6 75.8 1,333.8 141.0 163.2 967.0 951.2 24.0 1.9 9,772,405 5,040,314 667,538 78,573 3,525,180 266,888 193,912 4,351,053 3,970,071 356,587 24,395 76.2% 1.2% 1.4% 17.6% 96.5% 0.1% 0.0% 96.4% 3.3% 1.7% 0.1% 0.0% 1.3% 0.1% 0.1% 1.7% 1.6% 0.2% 0.0% 2.4% 0.3% 0.2% 0.7% 3.5% 0.4% 0.1% 3.2% 1.0% 0.5% 0.2% 0.0% 0.3% 0.0% 0.0% 0.2% 0.2% 0.0% 0.0% 78.6% 1.5% 1.6% 18.3% 100.0% 0.5% 0.1% 99.6% 4.3% 2.2% 0.3% 0.0% 1.6% 0.1% 0.1% 1.9% 1.7% 0.2% 0.0% 25.1 2,618.5 1,401.4 2,618.5 2,618.5 356.3 2,618.5 170,439.8 725,738.6 2,550.7 185,781 207,586,425 7,412,735 200,173,691 7,027,880 1,353,833 2 33,840 30 5,642,782 376.7 714.5 4.7 711.1 694.2 16.9 694.2 3,676.4 (5,960.4) 0.0 1,113,416 5,240,400 31,402 5,214,868 88,269 29,290 (1) 567 113,897 0 401.8 1,299,197 0.1% 91.3% 3.3% 88.1% 3.1% 0.6% 0.0% 0.0% 0.0% 2.5% 0.5% 2.3% 0.0% 2.3% 0.0% 0.0% 0.0% 0.0% 0.1% 0.0% 0.6% 93.6% 3.3% 90.4% 3.1% 0.6% 0.0% 0.0% 0.1% 2.5% 3,333.0 212,826,825 1,406.2 7,444,136 3,329.7 205,388,559 3,312.8 373.2 3,312.8 174,116.2 719,778.1 2,550.7 7,116,149 1,383,123 0 34,407 113,926 5,642,782 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table B. Full Year Taxable Returns Summary Percent Distribution NJ Taxable Income Number of Returns 000s 12.6 22.4 48.1 345.8 379.0 170.7 161.5 263.0 204.3 170.7 76.2 69.4 118.9 94.8 258.3 94.9 42.5 58.3 18.2 7.4 1.3 2,618.5 Gross Net Charged Income Tax $000s $000s $219,980 390,030 692,661 6,868,406 11,223,525 6,413,418 6,911,771 13,360,510 12,631,852 12,396,109 6,152,823 5,970,386 11,146,230 9,881,274 33,864,647 17,381,949 9,977,171 20,395,746 12,628,891 11,729,287 8,853,656 219,090,323 $276 1,531 5,247 65,512 124,320 77,138 89,291 196,990 206,667 214,532 110,010 110,383 222,641 218,090 881,156 541,042 345,929 785,735 530,491 510,724 405,076 5,642,782 Number of Returns 0.5% 0.9% 1.8% 13.2% 14.5% 6.5% 6.2% 10.0% 7.8% 6.5% 2.9% 2.7% 4.5% 3.6% 9.9% 3.6% 1.6% 2.2% 0.7% 0.3% 0.1% 100.0% Gross Net Charged Income Tax 0.1% 0.2% 0.3% 3.1% 5.1% 2.9% 3.2% 6.1% 5.8% 5.7% 2.8% 2.7% 5.1% 4.5% 15.5% 7.9% 4.6% 9.3% 5.8% 5.4% 4.0% 100.0% 0.0% 0.0% 0.1% 1.2% 2.2% 1.4% 1.6% 3.5% 3.7% 3.8% 1.9% 2.0% 3.9% 3.9% 15.6% 9.6% 6.1% 13.9% 9.4% 9.1% 7.2% 100.0% Effective Tax Rate 0.1% 0.4% 0.8% 1.0% 1.1% 1.2% 1.3% 1.5% 1.6% 1.7% 1.8% 1.8% 2.0% 2.2% 2.6% 3.1% 3.5% 3.9% 4.2% 4.4% 4.6% 2.6% at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Totals Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table C. Summary by Return Type Item Returns Gross Income: ($000s) Employee Compensation Interest Dividends Other Total Income ($000s) Other Retirement Exclusion Excess Retirement Exclusion Fiduciary Commisions Gross Income Exemptions: ($000s) Regular Aged Blind or Disabled Dependent Children Other Dependents Dependent College Student Deductions: ($000s) Unreimbursed Medical Expenses Alimony Paid Qualified Conservation Contribution Excess Exemptions and Deductions Taxable Income Property Tax Deduction New Jersey Taxable Income ($000s) Tax Before Credits Other Credits Net Variance Property Tax Credit Earned Income Credit Net Charged Tax ($000s) Full-year Resident 3,580 Part-year Resident 84 NonResident 279 All Returns 4,007 Fiduciary 64 178,693,200 3,421,203 3,595,598 41,585,883 $227,295,883 1,203,272 275,642 226,368,253 $9,772,405 5,040,314 667,538 78,573 3,525,180 266,888 193,912 $4,351,053 3,970,071 356,587 24,395 3,051,743 34,444 32,379 472,997 $3,591,563 $78,036,405 9,729 34,800 2,322 2,776 3,584,157 $100,036 59,948 3,917 531 32,474 2,210 956 $40,508 35,117 5,305 85 78,004,380 $768,846 413,563 30,636 1,459 296,364 18,913 7,911 $394,334 285,527 34,531 3,613 407,741 651,916 4,541,405 $5,601,061 181,744,943 3,863,387 4,279,893 46,600,285 $314,524,913 1,247,802 280,740 2,135,851 311,466,386 $10,702,451 5,574,990 702,091 80,563 3,854,019 288,010 202,779 $4,807,740 4,290,715 396,423 28,092 2,135,851 3,509,596 $61,165 61,165 $21,845 1,299,197 212,826,825 7,444,136 $205,388,559 7,116,149 1,383,123 0 34,407 113,926 $5,642,782 18,701 65,891 48,678 3,462,195 $3,462,195 106,961 2,889 0 1,432,467 296,605,929 7,499,904 $289,111,978 7,920,045 1,414,043 1 34,819 114,723 $6,413,766 3,453,149 76,863,760 55,767 $3,397,465 $76,863,760 108,493 28,032 0 412 796 $78,269 588,442 (0) $586,096 $106,619 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table D Tax Payment Analysis Summary- All Returns ($000s) Item Full-year Resident 4,691,245 1,179,635 768,529 34,172 746,969 781,141 5,858,267 Part-year Resident 86,284 10,946 11,428 489 1,072 1,561 107,097 NonResident 389,212 189,556 135,469 119,492 57,499 176,991 537,246 All Returns 5,166,740 1,423,164 990,400 162,080 815,954 978,034 6,602,270 Fiduciary Withholdings Estimated Payments and Credits Cash Payments to Date Refunds Credits Approved Refunds and Credits Net Collections 43,027 74,974 7,926 10,414 18,340 99,661 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table E Full Year Resident Gross Income Tax Summary 1999 - 2003 Current Dollars ($000,000s) % change '02-'03 2.8% 2.4% -16.1% -9.6% 7.8% 1.0% 5.4% 28.2% -0.4% 14.1% 86.8% -21.7% 0.8% 0.3% -3.8% 0.1% 2.2% -0.5% 6.1% 8.7% 9.1% 4.7% 13.9% 0.8% 2.8% 8.0% 2.6% 3.7% 1.4% -1.6% 17.0% 5.1% 4.0% 2.4% 9.2% Item Gross Income Employee Compensation Interest Dividends Other Income S-Corporation Income Net Profits Net Capital Gains Pensions and Annuities Partnership Shares Misc. Income Net Other Retirement Income Exclusion Exemptions Regular Aged Blind or Disabled Dependent Children Other Dependents Dependent College Student Deductions Unreimbursed Medical Expenses Alimony, Separate Maintenance Payments Qualified Conservation Contribution Excess Exemptions and Deductions Taxable Income Property Tax Deductions New Jersey Taxable Income Tax before Credits Other Credit Property Tax Credit Earned Income Credit Net Charged Tax Taxes Withheld Refunds Issued Credits Approved 1999 216,088.4 159,419.9 4,788.6 4,941.2 47,583.8 6,520.4 7,392.0 14,424.9 8,181.8 7,376.7 3,688.1 645.2 9,519.2 5,010.3 718.9 78.2 3,285.4 247.3 179.1 3,200.1 2,911.9 288.2 380.1 203,749.3 5,873.5 197,875.9 6,854.3 1,205.6 43.6 5,605.1 3,984.0 624.4 195.8 2000 236,855.5 171,114.2 5,492.1 5,438.2 55,650.9 7,467.9 8,099.7 18,660.9 8,340.2 9,032.8 4,049.4 839.9 9,380.0 4,919.1 721.9 80.1 3,248.6 235.9 174.6 3,505.7 3,201.8 303.9 86.8 474.6 224,357.7 6,182.1 218,175.6 8,074.4 1,512.5 38.8 44.5 6,478.5 4,455.2 758.4 247.6 2001 226,322.1 175,071.4 5,504.8 4,189.7 42,488.9 7,008.5 8,195.8 7,516.1 7,733.2 8,117.7 2,143.0 1,158.3 9,480.6 4,949.2 703.5 77.5 3,332.4 244.2 173.8 3,879.3 3,324.5 347.5 207.2 1,350.6 213,540.0 6,450.0 207,093.4 7,341.2 1,541.5 35.3 72.8 5,691.5 4,460.2 920.9 284.1 2002 220,139.5 174,455.0 4,076.9 3,976.2 38,578.7 6,078.9 8,369.4 5,651.9 7,468.9 7,236.4 1,973.5 1,184.4 9,698.7 5,025.6 693.9 78.5 3,449.6 268.2 182.8 4,001.6 3,639.5 340.7 21.4 1,288.7 207,021.7 6,891.1 200,135.2 6,864.0 1,363.9 35.0 97.4 5,367.7 4,511.6 959.5 159.5 2003 226,368.3 178,693.2 3,421.2 3,595.6 41,585.9 6,137.1 8,824.6 7,244.3 7,438.1 8,254.1 3,687.5 927.6 9,772.4 5,040.3 667.5 78.6 3,525.2 266.9 193.9 4,351.1 3,970.1 356.6 24.4 1,299.2 212,826.8 7,444.1 205,388.6 7,116.1 1,383.1 34.4 113.9 5,642.8 4,691.2 982.1 174.1 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.1a Income Sources by Filing Status, Age: Amounts ($000s) Excess Retirement Exclusion 275,642 0 275,642 258,744 0 258,744 16,898 0 16,898 Gross Income All Returns Taxable Returns Non-taxable returns Seniors Taxable Returns Non-taxable returns Non-seniors Taxable Returns Non-taxable returns 226,368,253 219,090,323 7,277,930 19,355,544 18,117,670 1,237,874 207,012,709 200,972,653 6,040,056 Employee Compensation 178,693,200 173,265,082 5,428,118 7,118,139 6,751,599 366,540 171,575,061 166,513,482 5,061,578 Interest 3,421,203 2,830,468 590,734 1,718,156 1,215,080 503,076 1,703,047 1,615,389 87,658 Dividends 3,595,598 3,182,147 413,452 1,811,453 1,468,357 343,096 1,784,146 1,713,790 70,355 Other Income 41,585,883 40,066,478 1,519,405 9,574,440 8,914,312 660,128 32,011,443 31,152,166 859,277 Retirement Exclusion 1,203,272 253,851 949,421 1,125,387 231,677 893,710 77,885 22,174 55,711 All Returns Taxable Returns Non-taxable returns Single Taxable Returns Non-taxable returns Married, Joint Taxable Returns Non-taxable returns Married, Separate Taxable Returns Non-taxable returns Head-of-Household Taxable Returns Non-taxable returns Qualifying Spouse Taxable Returns Non-taxable returns 226,564,069 219,090,323 7,473,746 45,909,662 43,507,292 2,402,370 158,310,744 155,908,374 2,402,370 3,045,059 2,979,139 65,919 19,062,670 16,474,971 2,587,699 235,934 220,547 15,388 179,284,637 173,265,082 6,019,556 37,165,496 35,292,894 1,872,602 122,749,401 120,876,799 1,872,602 2,328,280 2,279,106 49,174 16,880,713 14,663,816 2,216,897 160,747 152,467 8,280 3,442,818 2,830,468 612,350 1,071,968 781,535 290,433 2,188,003 1,897,569 290,433 50,254 47,029 3,225 118,446 92,700 25,746 14,147 11,635 2,512 3,650,708 3,182,147 468,561 1,062,926 838,963 223,964 2,431,379 2,207,416 223,964 50,332 47,774 2,557 97,825 80,772 17,053 8,245 7,222 1,023 41,251,516 40,066,478 1,185,038 7,148,448 6,740,635 407,812 31,433,240 31,025,428 407,812 622,209 607,596 14,613 1,993,753 1,643,303 350,450 53,866 49,516 4,350 1,449,925 253,851 1,196,074 723,764 146,735 577,030 675,868 98,838 577,030 9,967 2,366 7,601 38,746 5,619 33,127 1,580 293 1,287 384,315 0 384,315 184,589 0 184,589 184,589 0 184,589 3,951 0 3,951 10,679 0 10,679 508 0 508 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.1b Income Sources by Filing Status, Age: Returns (000s) Excess Retirement Exclusion 55.8 0.0 55.8 52.3 0.0 52.3 3.4 0.0 3.4 Gross Income All Returns Taxable Returns Non-Taxable Returns Seniors Taxable Returns Non-Taxable Returns Non-seniors Taxable Returns Non-Taxable Returns 3,579.8 2,618.5 961.3 493.6 237.9 255.6 3,086.3 2,380.6 705.7 Employee Compensation 3,052.2 2,421.6 630.6 182.8 131.4 51.3 2,869.4 2,290.1 579.3 Interest 1,975.3 1,582.5 392.7 427.4 212.4 215.0 1,547.9 1,370.2 177.7 Dividends 1,164.7 929.6 235.1 298.2 160.7 137.4 866.5 768.8 97.7 Other Income 1,261.5 991.9 269.6 299.2 176.9 122.2 962.3 814.9 147.4 Retirement Exclusion 163.3 24.2 139.1 153.2 21.9 131.3 10.1 2.3 7.9 All Returns Taxable Returns Non-Taxable Returns Single Taxable Returns Non-Taxable Returns Married, Joint Taxable Returns Non-Taxable Returns Married, Separate Taxable Returns Non-Taxable Returns Head-of-Household Taxable Returns Non-Taxable Returns Qualifying Spouse Taxable Returns Non-Taxable Returns 3,910.2 2,618.5 1,291.6 1,492.8 965.4 527.4 1,790.8 1,263.4 527.4 57.2 48.1 9.1 563.7 338.5 225.2 5.6 3.2 2.5 3,302.0 2,421.6 880.4 1,211.1 869.1 341.9 1,520.0 1,178.0 341.9 48.3 43.6 4.7 519.1 328.1 191.0 3.6 2.7 0.8 2,066.4 1,582.5 483.9 701.3 478.0 223.3 1,183.5 960.2 223.3 26.3 23.0 3.3 151.5 118.9 32.6 3.8 2.4 1.4 1,228.9 929.6 299.3 403.2 260.4 142.9 751.1 608.3 142.9 13.4 11.7 1.6 59.1 47.8 11.3 2.1 1.4 0.6 1,282.1 991.9 290.2 389.9 271.0 119.0 751.5 632.5 119.0 17.9 14.8 3.1 120.4 72.1 48.4 2.3 1.5 0.8 202.2 24.2 178.0 100.6 14.9 85.6 94.0 8.3 85.6 1.5 0.3 1.2 5.9 0.6 5.3 0.2 0.0 0.2 77.0 0.0 77.0 36.9 0.0 36.9 36.9 0.0 36.9 0.6 0.0 0.6 2.4 0.0 2.4 0.1 0.0 0.1 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.2a Other Income Detail by Filing Status, Age: Amounts ($000s) Net Business Profit All Returns Taxable Returns Non-taxable returns Seniors Taxable Returns Non-taxable returns Non-seniors Taxable Returns Non-taxable returns 8,824,644 8,212,009 612,636 759,706 713,420 46,286 8,064,938 7,498,589 566,350 Net Capital Gain 7,244,347 7,121,037 123,310 2,149,447 2,064,820 84,628 5,094,900 5,056,217 38,682 Pension Annuity 7,438,145 6,942,987 495,158 3,497,751 3,111,401 386,350 3,940,394 3,831,585 108,809 Distributive Shares 8,254,099 8,210,231 43,867 1,146,903 1,138,802 8,102 7,107,196 7,071,430 35,766 S-Corp Income 6,137,138 6,107,542 29,596 841,862 838,633 3,229 5,295,276 5,268,909 26,367 Rental Income 1,377,429 1,272,685 104,744 503,815 426,661 77,154 873,614 846,024 27,590 Net Gambling 100,442 85,540 14,902 32,184 23,080 9,104 68,257 62,459 5,798 Alimony Received 328,409 306,408 22,000 26,363 18,573 7,790 302,046 287,835 14,210 Misc Income 1,881,231 1,808,039 73,192 616,408 578,923 37,486 1,264,823 1,229,116 35,706 All Returns Taxable Returns Non-taxable returns Single Taxable Returns Non-taxable returns Married, Joint Taxable Returns Non-taxable returns Married, Separate Taxable Returns Non-taxable returns Head-of-Household Taxable Returns Non-taxable returns Qualifying Spouse Taxable Returns Non-taxable returns 8,696,103 8,212,009 484,095 1,308,052 1,195,017 113,035 6,650,361 6,537,326 113,035 130,423 124,120 6,303 600,473 349,787 250,686 6,794 5,759 1,035 7,247,522 7,121,037 126,485 1,368,792 1,308,946 59,846 5,525,052 5,465,205 59,846 120,075 118,949 1,126 226,763 221,314 5,448 6,840 6,622 218 7,254,536 6,942,987 311,549 1,903,069 1,779,282 123,787 4,803,317 4,679,530 123,787 94,586 90,828 3,758 432,087 374,312 57,775 21,477 19,035 2,442 8,236,491 8,210,231 26,260 803,828 793,344 10,484 7,126,095 7,115,611 10,484 105,494 104,565 928 196,256 191,938 4,319 4,818 4,773 45 6,124,657 6,107,542 17,115 758,650 751,392 7,258 5,052,607 5,045,349 7,258 103,899 103,606 292 205,511 203,235 2,276 3,990 3,959 31 1,360,248 1,272,685 87,563 255,777 216,400 39,377 1,027,000 987,623 39,377 24,575 23,566 1,009 50,808 43,315 7,492 2,088 1,782 306 98,547 85,540 13,007 29,509 24,176 5,333 56,675 51,342 5,333 1,348 1,208 140 10,927 8,765 2,162 88 50 38 338,294 306,408 31,886 131,160 121,097 10,063 14,004 3,941 10,063 3,457 3,187 270 189,379 177,912 11,467 293 271 22 1,895,118 1,808,039 87,079 589,610 550,982 38,628 1,178,129 1,139,501 38,628 38,352 37,566 786 81,548 72,724 8,824 7,479 7,266 213 Statistics of Income 2005: New Jersey Income Tax Returns for 2004 Table 1.2b Other Income Detail by Filing Status, Age: Returns (000s) Net Business Profit All Returns Taxable Returns Non-taxable returns Seniors Taxable Returns Non-taxable returns Non-seniors Taxable Returns Non-taxable returns 371.3 281.0 90.3 34.5 24.5 10.1 336.8 256.5 80.3 Net Capital Gain 379.9 312.5 67.4 108.2 68.5 39.7 271.7 243.9 27.7 Pension Annuity 453.8 367.5 86.3 177.5 115.3 62.2 276.3 252.2 24.1 Distributive Shares 99.5 91.7 7.8 21.2 17.6 3.6 78.3 74.1 4.2 S-Corp Income 74.7 71.8 2.9 8.2 7.5 0.7 66.5 64.3 2.2 Rental Income 107.6 86.0 21.6 35.0 20.0 15.0 72.6 66.0 6.6 Net Gambling 19.9 14.4 5.6 5.9 2.6 3.3 14.1 11.8 2.3 Alimony Received 19.3 16.0 3.2 2.3 1.2 1.1 17.0 14.9 2.2 Misc Income 159.0 135.1 24.0 37.6 25.7 11.9 121.4 109.4 12.1 All Returns Taxable Returns Non-taxable returns Single Taxable Returns Non-taxable returns Married, Joint Taxable Returns Non-taxable returns Married, Separate Taxable Returns Non-taxable returns Head-of-Household Taxable Returns Non-taxable returns Qualifying Spouse Taxable Returns Non-taxable returns 370.7 281.0 89.7 87.3 58.4 28.9 231.9 203.0 28.9 5.7 4.3 1.4 45.5 15.1 30.3 0.3 0.2 0.1 400.1 312.5 87.6 130.3 88.3 42.0 247.3 205.3 42.0 4.3 3.8 0.5 17.6 14.6 3.0 0.6 0.5 0.1 441.8 367.5 74.3 140.4 109.6 30.9 251.9 221.0 30.9 6.2 5.4 0.9 42.0 30.7 11.3 1.3 0.8 0.4 100.3 91.7 8.7 21.3 17.3 4.0 74.3 70.3 4.0 1.3 1.2 0.1 3.3 2.8 0.5 0.1 0.1 0.0 74.2 71.8 2.4 11.6 10.6 1.0 58.7 57.7 1.0 1.1 1.0 0.1 2.8 2.5 0.3 0.1 0.1 0.0 106.2 86.0 20.2 26.9 18.0 9.0 71.3 62.4 9.0 1.5 1.2 0.3 6.3 4.3 1.9 0.2 0.1 0.1 19.3 14.4 5.0 6.4 4.4 2.0 9.9 7.9 2.0 0.3 0.2 0.1 2.7 1.8 0.9 0.0 0.0 0.0 20.7 16.0 4.7 8.3 6.8 1.5 2.0 0.5 1.5 0.2 0.2 0.0 10.1 8.5 1.6 0.0 0.0 0.0 164.2 135.1 29.1 49.8 36.6 13.2 102.1 88.9 13.2 2.1 1.8 0.2 9.9 7.4 2.5 0.4 0.3 0.1 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.3 Income Sources as Percent of Total Income by Filing Status, Age All Full-year Resident Taxpayers Number of Returns (000's) 3,052.2 1,975.3 1,164.7 1,261.5 3,549.3 163.3 3,579.8 Amount ($000s) 178,693,200 3,421,203 3,595,598 41,585,883 227,295,883 1,203,272 226,368,253 Percent Total Income 78.6% 1.5% 1.6% 18.3% 100.0% 0.5% 99.6% Income Source Employee Compensation Interest Dividends Other Income Total Income Less Retirement Exclusion Gross Income Other Income S-Corporation Income Net Business Profits Net Capital Gains Pensions and Annuities Partnership Income Rental Income Net Gambling Income Alimony Received Other Total Other Income 74.7 371.3 379.9 453.8 99.5 107.6 19.9 19.3 159.0 1,261.5 6,137,138 8,824,644 7,244,347 7,438,145 8,254,099 1,377,429 100,442 328,409 1,881,231 41,585,883 2.7% 3.9% 3.2% 3.3% 3.6% 0.6% 0.0% 0.1% 0.8% 18.3% Returns with at least One Filer 65+ Number of Returns (000's) 182.8 427.4 298.2 299.2 481.0 153.2 493.6 8.2 34.5 108.2 177.5 21.2 35.0 5.9 2.3 37.6 Amount ($000s) 7,118,139 1,718,156 1,811,453 9,574,440 20,222,187 1,125,387 19,355,544 841,862 759,706 2,149,447 3,497,751 1,146,903 503,815 32,184 26,363 616,408 Percent Total Income 35.2% 8.5% 9.0% 47.3% 100.0% 5.6% 95.7% 4.2% 3.8% 10.6% 17.3% 5.7% 2.5% 0.2% 0.1% 3.0% Income Source Employee Compensation Interest Dividends Other Income Total Income Less Retirement Exclusion Gross Income Other Income S-Corporation Income Net Business Profits Net Capital Gains Pensions and Annuities Partnership Income Rental Income Net Gambling Income Alimony Received Other Total Other Income 299.2 9,574,440 47.3% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.4 Gross Income Distribution by Filing Status, Age All Full-year Resident Returns Gross Income Amount ($000s) $2,866,757 6,870,956 15,496,183 18,813,593 29,703,417 27,841,303 57,616,605 11,155,104 56,004,335 226,368,253 Gross Income Average $3,966 14,818 27,218 42,101 61,558 86,574 134,451 222,067 594,526 63,234 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Returns (000s) 722.9 463.7 569.3 446.9 482.5 321.6 428.5 50.2 94.2 3579.8 Percent of Total: Returns Amount 20% 13% 16% 12% 13% 9% 12% 1% 3% 100% 1% 3% 7% 8% 13% 12% 25% 5% 25% 100% Full-year Resident Returns with at least one Filer 65+ Gross Income Amount ($000s) $504,796 1,145,708 1,944,466 1,793,445 2,250,366 1,616,008 3,102,099 780,902 6,217,754 $19,355,544 Gross Income Average $2,414 14,660 26,806 41,866 60,814 86,183 135,843 222,987 702,333 $39,214 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Returns (000s) 209.1 78.2 72.5 42.8 37.0 18.8 22.8 3.5 8.9 493.6 Percent of Total: Returns Amount 42% 16% 15% 9% 7% 4% 5% 1% 2% 100% 3% 6% 10% 9% 12% 8% 16% 4% 32% 100% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.5 Gross Income Component By Gross Income Level: Amounts ($000s) Employee Compensation 2,068,952 5,253,885 12,939,426 16,316,803 25,936,939 24,645,797 49,510,997 8,693,064 33,327,337 178,693,200 Total Income 3,477,368 6,978,036 15,572,877 18,851,961 29,737,717 27,858,969 57,642,027 11,160,014 56,016,913 Retirement Exclusion 886,253 107,080 76,695 38,368 34,300 17,666 25,423 4,910 12,578 1,203,272 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Interest 443,329 256,459 320,440 267,607 350,245 265,549 544,924 130,754 841,895 3,421,203 Dividends 300,549 201,525 266,917 234,354 317,937 255,998 608,042 165,855 1,244,420 3,595,598 Other 664,537 1,266,168 2,046,094 2,033,197 3,132,596 2,691,624 6,978,064 2,170,340 20,603,261 41,585,883 227,295,883 Gross Income Component By Gross Income Level: Returns (000s) Employee Compensation 441.5 379.1 506.1 415.0 457.0 309.6 412.1 47.1 84.6 3,052.2 Total Income 692.3 463.7 569.3 446.9 482.5 321.6 428.5 50.2 94.2 3,549.3 Retirement Exclusion 132.8 11.5 7.5 3.6 3.0 1.5 2.0 0.4 0.9 163.3 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 250,000 200,000 - 250,000 at least 250,000 Total Interest 312.6 155.5 221.9 229.8 312.5 243.6 364.9 45.8 88.7 1,975.3 Dividends 193.4 82.3 106.1 108.6 161.4 139.8 254.0 38.5 80.8 1,164.7 Other 187.1 140.3 156.3 134.8 178.4 135.2 221.0 33.6 74.6 1,261.5 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.6 Components of Other Income By Gross Income Level: Amounts ($000s) Net Business Profits 241,391 514,154 627,720 543,706 871,265 781,526 2,057,174 615,775 2,571,935 8,824,644 Net Capital Gains 77,870 74,411 126,840 150,836 281,684 312,509 1,143,813 428,796 4,647,589 7,244,347 Pensions and Annuities 192,573 502,917 964,480 960,844 1,322,981 948,568 1,642,042 263,866 639,874 7,438,145 Partnership Income 11,139 30,170 66,478 86,762 169,088 191,555 831,126 413,851 6,453,930 8,254,099 Rental Income 70,583 46,671 75,563 77,309 124,775 112,712 276,756 86,528 506,532 1,377,429 Net Alimony Gambling Received 9,213 7,689 10,815 9,426 12,038 7,886 17,165 4,968 21,241 100,442 11,122 21,128 44,786 55,818 73,656 44,049 57,492 6,086 14,272 Other Income 46,194 51,928 81,553 80,210 127,290 116,876 311,776 98,673 966,730 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total S-Corporation 4,452 17,101 47,860 68,287 149,820 175,943 640,719 251,796 4,781,160 6,137,138 328,409 1,881,231 Components of Other Income By Gross Income Level: Returns (000s) Net Business Profits 54.6 52.4 46.5 36.9 51.1 38.7 62.4 9.6 19.2 371.3 Net Capital Gains 54.7 26.1 33.2 32.5 48.7 42.3 87.0 16.1 39.2 379.9 Pensions and Annuities 53.1 57.8 72.4 59.3 71.7 49.3 68.1 7.9 14.3 453.8 Partnership Income 5.3 4.8 6.8 6.5 10.4 9.3 23.4 6.6 26.4 99.5 Rental Income 16.0 8.6 11.2 10.4 14.5 11.5 20.6 4.1 10.7 107.6 Net Alimony Gambling Received 3.9 2.6 3.3 2.7 3.0 1.7 2.1 0.2 0.4 19.9 1.9 2.5 4.2 4.2 3.7 1.5 1.1 0.1 0.1 19.3 Other Income 18.0 11.7 15.5 15.4 22.5 18.9 34.3 5.9 16.9 159.0 Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total S-Corporation 1.5 2.4 4.7 5.1 9.2 8.7 20.6 4.9 17.6 74.7 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.7 Gross Income Distribution by Filing Status Married Filing Jointly Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Married Filing Separately Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Single Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Returns (000s) 515 241 271 203 152 59 40 4 7 1,493 Amount ($000s) 1,946,883 3,542,067 7,376,009 8,510,287 9,187,366 5,069,821 5,203,975 825,133 4,248,121 45,909,662 Percent of Total: Returns Amount 34.5% 16.2% 18.2% 13.6% 10.2% 4.0% 2.7% 0.2% 0.5% 100.0% 4.2% 7.7% 16.1% 18.5% 20.0% 11.0% 11.3% 1.8% 9.3% 100.0% Average ($) 3,780 14,689 27,192 41,893 60,420 85,502 129,759 221,929 598,411 30,753 Returns (000s) 8.4 7.3 12.2 10.9 9.6 4.5 3.1 0.3 0.8 57.2 Amount ($000s) 34,572 109,415 335,266 459,731 586,667 388,742 409,238 72,115 649,313 3,045,059 Percent of Total: Returns Amount 14.7% 12.7% 21.3% 19.1% 16.8% 8.0% 5.5% 0.6% 1.4% 100.0% 1.1% 3.6% 11.0% 15.1% 19.3% 12.8% 13.4% 2.4% 21.3% 100.0% Average ($) 4,122 15,083 27,587 42,031 61,028 85,456 130,248 222,577 797,682 53,260 Returns (000s) 103.0 87.2 135.5 143.5 256.2 234.1 371.5 45.2 84.3 1,460.5 Amount ($000s) 353,120 1,314,868 3,730,449 6,110,983 16,024,552 20,369,669 50,237,402 10,029,075 49,944,809 158,114,928 Percent of Total: Returns Amount 7.1% 6.0% 9.3% 9.8% 17.5% 16.0% 25.4% 3.1% 5.8% 100.0% 0.2% 0.8% 2.4% 3.9% 10.1% 12.9% 31.8% 6.3% 31.6% 100.0% Average ($) 3,428 15,071 27,532 42,597 62,553 87,004 135,229 222,079 592,514 108,263 Head of Household Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Qualifying Spouse Gross Income Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Returns (000s) 2 1 1 1 1 0 0 0 0 6 Amount ($000s) 4,519 9,352 22,238 31,524 46,930 31,687 49,033 8,281 32,370 235,934 Percent of Total: Returns Amount 32.3% 11.2% 14.4% 13.2% 13.7% 6.6% 6.6% 0.7% 1.4% 100.0% 1.9% 4.0% 9.4% 13.4% 19.9% 13.4% 20.8% 3.5% 13.7% 100.0% Average ($) 2,479 14,775 27,319 42,429 60,869 84,952 132,164 223,806 420,386 41,817 Returns (000s) 95 127 150 89 64 23 13 1 2 564 Amount ($000s) 527,663 1,895,254 4,032,221 3,701,067 3,857,903 1,981,384 1,716,956 220,500 1,129,723 19,062,670 Percent of Total: Returns Amount 16.8% 22.6% 26.5% 15.7% 11.3% 4.1% 2.4% 0.2% 0.3% 100.0% 2.8% 9.9% 21.2% 19.4% 20.2% 10.4% 9.0% 1.2% 5.9% 100.0% Average ($) 5,578 14,873 26,949 41,780 60,364 85,221 127,988 221,831 589,318 33,816 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.11a Income Source by Gross Income Level: All Returns (Amounts, $000s) Excess Retirement Exclusion 275,642 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Gross Income 226,368,253 219,090,323 0 3,589,942 9,695,740 5,639,190 6,045,404 12,560,954 11,918,292 11,713,038 5,826,557 5,852,347 11,316,106 10,531,327 37,620,404 19,778,897 11,126,801 21,957,748 13,060,217 11,958,246 8,899,114 Employee Compensation 178,693,200 173,265,082 0 2,886,144 8,025,996 4,799,125 5,207,419 10,916,316 10,339,395 10,232,926 5,130,615 5,168,044 10,022,161 9,322,542 32,834,524 16,471,582 8,668,510 15,251,988 7,811,103 6,177,396 3,999,297 Interest 3,421,203 2,830,468 0 124,527 212,429 98,841 94,380 171,030 155,330 133,448 60,048 58,748 108,526 97,387 344,961 199,187 130,567 290,582 216,027 199,884 134,566 Dividends 3,595,598 3,182,147 0 105,271 173,987 82,566 80,309 151,760 138,526 121,525 56,260 55,057 104,201 96,018 367,662 239,518 165,643 415,605 295,170 299,129 233,940 Other Income 41,585,883 40,066,478 0 524,540 1,336,431 677,379 677,943 1,344,753 1,302,334 1,236,951 584,393 575,023 1,088,336 1,021,233 4,090,220 2,876,883 2,166,917 6,008,298 4,740,680 5,282,783 4,531,381 Retirement Exclusion 1,203,272 253,851 0 50,541 53,103 18,722 14,646 22,905 17,293 11,812 4,759 4,524 7,117 5,852 16,964 8,273 4,835 8,724 2,764 946 71 7,277,930 442,489 1,231,430 1,192,838 3,281,014 161,253 207,235 245,531 141,523 217,304 28,302 129,010 5,428,118 314,137 900,029 854,786 2,367,740 114,306 193,068 234,003 133,051 204,891 24,554 87,553 590,734 271,686 103,166 68,478 131,932 9,170 2,197 1,419 888 776 188 835 413,452 173,912 75,128 51,509 96,253 10,364 2,285 1,626 723 862 212 577 1,519,405 167,093 236,307 261,137 741,628 32,284 10,502 8,918 7,033 10,961 3,423 40,119 949,421 759,982 83,200 43,070 56,539 4,870 817 436 172 186 75 73 275,642 275,642 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.11b Income Source by Gross Income Level: All Returns (Returns, 000s) Excess Retirement Exclusion 56 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,00 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Gross Income 3,580 2,619 0 244 390 174 161 281 217 181 80 76 133 111 311 116 50 66 19 8 1 Employee Compensation 3,052 2,422 0 207 344 158 149 262 205 172 77 72 128 107 300 110 47 60 17 7 1 Interest 1,975 1,583 0 83 145 74 77 152 134 121 57 55 100 87 261 103 46 61 19 8 1 Dividends 1,165 930 0 45 69 35 36 72 67 63 30 30 57 52 174 80 38 55 17 7 1 Other Income 1,261 992 0 62 106 48 47 88 77 69 32 30 56 49 153 68 34 50 17 7 1 Retirement Exclusion 163 24 0 6 5 2 1 2 2 1 0 0 1 1 1 1 0 1 0 0 0 961 365 221 137 220 6 5 4 2 2 0 0 631 163 172 107 173 4 5 4 2 2 0 0 393 192 76 44 72 3 2 2 1 1 0 0 235 124 44 25 38 2 1 1 0 1 0 0 270 83 60 44 78 2 1 1 0 0 0 0 139 118 10 5 6 0 0 0 0 0 0 0 56 56 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.12a Income Source by Gross Income Level: At least One Filer 65+ (Amounts, $000s) Excess Retirement Exclusion 258,744 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,00 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Gross Income 19,355,544 18,117,670 0 495,556 1,265,869 638,892 620,426 1,159,218 1,006,257 856,650 376,373 368,735 659,941 579,872 1,955,168 1,141,283 779,379 1,909,893 1,423,098 1,463,235 1,417,825 Employee Compensation 7,118,139 6,751,599 0 152,080 459,316 256,190 256,257 500,709 443,036 381,849 174,907 174,033 313,619 279,977 870,392 458,862 279,856 576,568 388,163 331,641 454,143 Interest 1,718,156 1,215,080 0 91,397 154,791 66,282 59,961 98,033 80,313 62,607 25,691 24,139 42,187 35,559 111,200 61,402 41,393 98,687 67,649 60,915 32,874 Dividends 1,811,453 1,468,357 0 78,174 132,297 59,663 56,205 99,200 83,033 68,652 29,146 27,413 49,342 42,728 147,735 85,678 61,471 148,820 104,987 102,521 91,293 Other Income 9,574,440 8,914,312 0 221,427 568,174 273,720 261,469 482,085 415,540 354,139 150,919 147,261 261,059 226,697 840,964 542,980 400,997 1,093,712 864,707 968,886 839,575 Retirement Exclusion 1,125,387 231,677 0 47,522 48,710 16,962 13,467 20,809 15,665 10,598 4,290 4,111 6,265 5,089 15,124 7,638 4,337 7,894 2,408 728 61 1,237,874 70,317 219,191 215,289 650,152 39,705 13,801 11,086 7,459 5,648 1,523 3,703 366,540 13,790 53,670 62,840 213,119 6,692 4,558 4,510 3,293 2,711 156 1,202 503,076 243,782 81,978 55,071 111,102 7,405 1,739 1,018 417 236 94 234 343,096 149,120 57,576 40,798 82,676 8,583 1,997 1,330 464 379 95 77 660,128 120,842 104,361 97,077 296,128 21,444 6,237 4,616 3,439 2,490 1,232 2,263 893,710 715,961 78,394 40,498 52,873 4,420 730 388 152 167 55 73 258,744 258,744 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.12b Income Source by Gross Income Level: At least One Filer 65+ (Returns, 000s) Excess Retirement Exclusion 52.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Gross Income Level All Returns Taxable Returns < 10,00 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,00 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Gross Income 493.6 237.9 0.0 33.9 51.2 19.7 16.6 25.9 18.4 13.2 5.2 4.8 7.8 6.1 16.2 6.6 3.5 5.6 2.1 0.9 0.2 Employee Compensation 182.8 131.4 0.0 13.0 25.0 10.6 9.3 15.2 11.2 8.3 3.4 3.1 5.2 4.1 10.8 4.4 2.2 3.4 1.3 0.6 0.1 Interest 427.4 212.4 0.0 28.1 44.1 17.2 14.7 23.2 16.7 12.2 4.8 4.4 7.3 5.8 15.4 6.4 3.4 5.5 2.0 0.9 0.2 Dividends 298.2 160.7 0.0 19.3 31.3 12.4 10.7 17.2 12.7 9.5 3.8 3.5 5.8 4.7 13.1 5.6 3.1 5.2 2.0 0.9 0.2 Other Income 299.2 176.9 0.0 22.9 36.4 13.9 11.8 18.7 13.6 10.0 3.9 3.6 6.0 4.8 13.6 5.9 3.2 5.4 2.0 0.9 0.2 Retirement Exclusion 153.2 21.9 0.0 5.4 4.9 1.6 1.3 1.9 1.3 0.9 0.4 0.3 0.5 0.4 1.2 0.6 0.3 0.6 0.2 0.1 0.0 255.6 145.4 39.0 24.6 44.3 1.6 0.3 0.2 0.1 0.0 0.0 0.0 51.3 10.2 11.7 9.1 19.6 0.4 0.1 0.1 0.0 0.0 0.0 0.0 215.0 122.2 32.4 20.4 37.9 1.5 0.3 0.2 0.1 0.0 0.0 0.0 137.4 74.7 21.1 13.6 26.3 1.2 0.2 0.1 0.1 0.0 0.0 0.0 122.2 48.7 24.7 16.0 31.1 1.3 0.2 0.1 0.1 0.0 0.0 0.0 131.3 111.2 9.6 4.6 5.4 0.4 0.1 0.0 0.0 0.0 0.0 0.0 52.3 52.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.13a Income Source by Gross Income Level: All Filers <65 (Amounts, $000s) Excess Retirement Exclusion 16,898 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 207,012,709 200,972,653 0 3,094,387 8,429,871 5,000,298 5,424,978 11,401,735 10,912,034 10,856,388 5,450,184 5,483,612 10,656,165 9,951,454 35,665,236 18,637,614 10,347,422 20,047,855 11,637,119 10,495,012 7,481,289 Employee Compensation 171,575,061 166,513,482 0 2,734,065 7,566,679 4,542,935 4,951,161 10,415,607 9,896,359 9,851,077 4,955,708 4,994,011 9,708,541 9,042,564 31,964,131 16,012,720 8,388,655 14,675,419 7,422,941 5,845,755 3,545,154 Interest 1,703,047 1,615,389 0 33,130 57,637 32,559 34,419 72,997 75,017 70,841 34,356 34,609 66,339 61,828 233,761 137,785 89,174 191,895 148,378 138,969 101,692 Dividends 1,784,146 1,713,790 0 27,098 41,690 22,903 24,104 52,561 55,493 52,873 27,114 27,644 54,859 53,290 219,928 153,840 104,172 266,784 190,183 196,608 142,647 Other Income 32,011,443 31,152,166 0 303,113 768,257 403,660 416,474 862,667 886,794 882,811 433,474 427,762 827,278 794,535 3,249,256 2,333,903 1,765,920 4,914,586 3,875,973 4,313,897 3,691,806 Retirement Exclusion 77,885 22,174 0 3,019 4,393 1,759 1,179 2,096 1,629 1,214 468 414 852 763 1,840 635 498 830 356 218 10 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 6,040,056 372,172 1,012,240 977,550 2,630,862 121,548 193,434 234,445 134,064 211,656 26,779 125,307 5,061,578 300,347 846,360 791,945 2,154,622 107,614 188,510 229,494 129,758 202,180 24,398 86,350 87,658 27,904 21,187 13,407 20,830 1,764 458 401 472 540 93 601 70,355 24,792 17,553 10,711 13,577 1,780 287 296 259 482 117 500 859,277 46,251 131,946 164,060 445,499 10,840 4,265 4,303 3,594 8,472 2,191 37,856 55,711 44,021 4,806 2,573 3,666 450 87 49 20 19 20 0 16,898 16,898 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.13b Income Source by Gross Income Level: All Filers <65 (Returns, 000s) Excess Retirement Exclusion 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 3,086.3 2,380.6 0.0 210.0 338.4 154.1 144.8 254.6 199.1 167.4 75.2 70.8 125.6 104.9 295.2 108.9 46.6 60.0 17.3 6.7 1.1 Employee Compensation 2,869.4 2,290.1 0.0 193.6 318.7 147.4 139.4 246.5 193.3 163.3 73.5 69.3 123.2 103.0 289.5 105.8 44.7 56.2 15.7 6.0 1.1 Interest 1,547.9 1,370.2 0.0 55.2 100.9 56.9 62.1 128.3 117.0 108.3 51.8 50.5 93.1 81.7 245.7 96.5 42.3 55.6 16.5 6.6 1.1 Dividends 866.5 768.8 0.0 25.5 38.2 22.4 25.2 54.9 54.6 53.6 26.7 26.5 51.2 47.7 160.8 73.9 35.3 49.6 15.5 6.3 1.1 Other Income 962.3 814.9 0.0 39.1 69.5 34.4 34.7 69.0 63.8 58.8 27.7 26.7 49.7 44.0 139.6 61.6 30.4 44.4 14.5 6.0 1.1 Retirement Exclusion 10.1 2.3 0.0 0.4 0.4 0.2 0.1 0.2 0.2 0.1 0.0 0.0 0.1 0.1 0.2 0.1 0.0 0.1 0.0 0.0 0.0 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 705.7 220.0 181.5 112.2 175.6 4.4 4.6 3.9 1.6 1.6 0.1 0.2 579.3 152.6 160.5 97.5 152.9 4.0 4.6 3.8 1.5 1.6 0.1 0.2 177.7 70.2 43.3 23.9 34.2 1.3 1.3 1.4 0.8 0.9 0.1 0.1 97.7 49.6 23.1 11.2 11.3 0.6 0.4 0.4 0.3 0.5 0.1 0.1 147.4 34.3 35.5 27.9 47.2 0.8 0.4 0.4 0.3 0.4 0.0 0.1 7.9 6.7 0.5 0.3 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.4 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.14a Income Source by Gross Income Level: Married Filing Joint (Amounts, $000s) Excess Retirement Exclusion 75,916 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 158,114,928 155,908,374 0 0 2,205,652 1,469,741 1,729,652 4,336,037 5,541,334 6,699,070 3,705,439 3,931,840 8,166,283 8,198,562 32,325,722 17,749,134 10,008,166 19,653,936 11,712,324 10,649,869 7,825,615 Employee Compensation 122,157,963 120,876,799 0 0 1,425,851 1,042,251 1,291,514 3,422,443 4,580,533 5,727,983 3,226,431 3,454,294 7,239,401 7,297,656 28,574,821 15,043,357 7,951,282 13,975,885 7,209,424 5,705,309 3,708,364 Interest 2,166,387 1,897,569 0 0 98,618 48,939 48,053 90,159 87,170 82,838 38,423 38,295 72,817 68,244 264,081 161,916 106,696 239,042 185,347 165,221 101,711 Dividends 2,376,270 2,207,416 0 0 72,948 38,358 38,059 75,310 73,609 71,116 34,612 33,572 67,710 63,712 270,340 189,520 135,959 338,128 247,265 253,394 203,804 Other Income 31,767,607 31,025,428 0 0 631,590 348,765 358,715 758,778 808,403 823,278 408,635 407,944 789,961 772,107 3,225,785 2,358,633 1,817,090 5,105,548 4,071,971 4,526,455 3,811,770 Retirement Exclusion 429,215 98,838 0 0 23,355 8,571 6,690 10,651 8,382 6,145 2,662 2,266 3,606 3,157 9,303 4,292 2,862 4,668 1,683 511 35 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 2,206,554 39,563 142,195 171,362 1,314,868 55,057 45,294 78,710 72,984 162,546 20,909 103,066 1,281,164 12,656 54,404 75,945 694,004 22,530 38,585 73,290 67,988 154,213 18,615 68,933 268,818 90,300 35,384 24,985 108,294 6,295 925 654 423 582 158 818 168,854 46,107 21,137 16,162 75,375 7,117 713 512 363 672 191 504 742,179 52,731 60,658 69,721 480,826 22,194 5,343 4,359 4,299 7,196 1,984 32,868 330,377 238,147 29,388 15,451 43,630 3,079 272 106 89 118 39 58 75,916 75,916 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.14b Income Source by Gross Income Level: Married Filing Joint (Returns, 000s) Excess Retirement Exclusion 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 1,460.5 1,263.4 0.0 0.0 88.1 45.2 46.1 96.3 100.7 103.1 51.1 50.7 96.2 86.4 266.6 103.6 45.1 58.8 17.3 6.8 1.2 Employee Compensation 1,270.2 1,178.0 0.0 0.0 67.5 37.6 39.8 86.6 93.6 97.8 49.1 48.9 93.2 84.0 259.8 100.2 42.9 54.4 15.5 6.0 1.1 Interest 1,092.4 960.2 0.0 0.0 51.2 27.0 28.2 60.8 66.9 71.5 36.8 37.4 73.3 68.6 225.1 92.8 41.3 54.9 16.6 6.7 1.2 Dividends 686.9 608.3 0.0 0.0 27.2 14.1 14.7 30.7 34.4 37.6 19.8 20.3 41.1 40.6 148.8 71.6 34.8 49.3 15.7 6.4 1.2 Other Income 730.9 632.5 0.0 0.0 44.9 21.7 21.3 43.4 44.6 44.8 22.0 21.8 42.0 38.8 130.7 60.1 30.1 44.4 14.8 6.2 1.1 Retirement Exclusion 55.1 8.3 0.0 0.0 2.2 0.8 0.6 0.9 0.7 0.5 0.2 0.2 0.3 0.3 0.7 0.3 0.2 0.3 0.1 0.0 0.0 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 197.1 58.4 25.0 19.6 87.2 2.2 1.1 1.3 0.8 1.2 0.1 0.2 92.2 8.6 11.6 10.7 55.8 1.1 0.9 1.2 0.8 1.2 0.1 0.2 132.1 46.9 17.3 12.4 51.3 1.6 0.5 0.6 0.5 0.8 0.1 0.1 78.6 28.3 10.4 7.5 29.9 1.3 0.2 0.2 0.2 0.4 0.0 0.1 98.4 20.4 14.3 11.4 49.6 1.5 0.3 0.2 0.2 0.3 0.0 0.1 46.8 36.9 3.5 1.7 4.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 15.7 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.15a Income Source by Gross Income Level: Single Filers (Amounts, $000s) Excess Retirement Exclusion 184,589 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 45,909,662 43,507,292 0 3,482,861 4,621,428 2,677,470 2,869,196 5,530,957 4,293,157 3,367,792 1,421,871 1,287,328 2,130,280 1,606,445 3,714,667 1,454,783 819,896 1,652,938 957,089 938,265 680,871 Employee Compensation 37,165,496 35,292,894 0 2,804,490 3,925,048 2,351,853 2,556,542 4,971,032 3,830,335 2,989,394 1,264,000 1,134,424 1,861,459 1,382,157 2,943,962 1,004,523 509,625 879,836 402,294 326,531 155,389 Interest 1,071,968 781,535 0 122,190 99,994 42,910 39,572 67,524 56,571 41,370 17,292 16,359 28,766 23,493 64,325 30,511 19,414 41,640 22,501 23,614 23,489 Dividends 1,062,926 838,963 0 103,509 90,581 39,753 36,950 66,460 55,956 42,624 18,316 18,065 30,541 27,282 82,102 41,794 25,311 64,025 39,576 34,385 21,730 Other Income 7,148,448 6,740,635 0 502,489 533,137 252,441 243,507 437,325 358,682 299,689 124,176 120,573 212,757 175,998 631,457 381,635 267,430 671,181 493,729 554,129 480,299 Retirement Exclusion 723,764 146,735 0 49,818 27,333 9,487 7,375 11,384 8,387 5,286 1,913 2,093 3,242 2,484 7,179 3,682 1,885 3,744 1,012 395 35 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 2,402,370 356,062 871,016 719,806 59,206 77,111 110,134 104,546 45,768 34,526 5,237 18,959 1,872,602 263,869 670,846 555,777 20,880 65,490 103,605 99,528 42,678 31,948 4,521 13,460 290,433 170,952 63,203 39,925 11,624 2,367 1,182 645 417 74 28 15 223,964 121,923 50,696 33,098 12,391 2,847 1,456 1,006 343 165 20 17 407,812 103,076 136,913 116,973 23,757 8,018 4,411 3,687 2,413 2,392 690 5,481 577,030 488,347 50,644 25,968 9,446 1,610 520 319 83 54 23 15 184,589 184,589 0 0 0 0 0 0 0 0 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.15b Income Source by Gross Income Level: Single Filers (Returns, 000s) Excess Retirement Exclusion 36.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Gross Income 1,492.8 965.4 0.0 236.8 186.0 82.5 76.6 123.9 78.6 52.1 19.6 16.6 25.2 17.0 31.3 8.5 3.7 4.9 1.4 0.6 0.1 Employee Compensation 1,211.1 869.1 0.0 200.8 165.5 75.8 71.3 116.4 73.8 49.0 18.5 15.6 23.6 15.8 28.0 7.0 2.9 3.6 1.0 0.4 0.1 Interest 701.3 478.0 0.0 81.1 71.0 35.4 36.6 67.7 48.8 35.3 14.1 12.3 19.2 13.5 25.9 7.4 3.3 4.6 1.4 0.6 0.1 Dividends 403.2 260.4 0.0 43.7 35.3 16.9 17.1 32.8 25.6 19.4 8.1 7.3 11.9 8.9 18.9 5.9 2.7 4.0 1.2 0.5 0.1 Other Income 389.9 271.0 0.0 59.7 44.6 19.2 18.0 31.3 22.7 16.6 6.6 5.9 9.5 7.0 16.0 5.4 2.6 3.9 1.3 0.6 0.1 Retirement Exclusion 100.6 14.9 0.0 5.7 2.8 0.9 0.8 1.1 0.8 0.5 0.2 0.2 0.3 0.2 0.6 0.3 0.2 0.3 0.1 0.0 0.0 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 527.4 275.0 157.5 82.6 4.4 2.8 2.7 1.7 0.5 0.3 0.0 0.0 341.9 136.9 128.4 67.5 1.7 2.4 2.5 1.7 0.5 0.3 0.0 0.0 223.3 136.2 53.5 27.7 3.1 0.9 0.9 0.6 0.2 0.1 0.0 0.0 142.9 91.6 31.8 15.9 2.4 0.5 0.3 0.3 0.1 0.1 0.0 0.0 119.0 56.9 37.1 21.2 2.7 0.5 0.3 0.2 0.1 0.1 0.0 0.0 85.6 75.3 6.2 3.0 1.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 36.9 36.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.21a Other Income Source by Gross Income Level: All Returns (Amounts, $000s) Net Business Profit 8,824,644 8,212,009 0 161,696 428,847 192,527 182,008 359,635 355,497 343,084 171,102 166,201 317,540 296,891 1,198,396 856,617 615,314 1,461,973 677,351 339,616 87,713 Net Capital Gain 7,244,347 7,121,037 0 44,238 80,076 42,912 47,542 101,970 108,324 114,588 57,479 60,329 123,490 127,707 626,470 515,576 427,824 1,192,776 970,221 1,192,374 1,287,140 Excess Net Gambling 100,442 85,540 0 2,972 7,177 3,500 3,447 5,894 5,462 4,614 1,886 1,762 2,835 3,271 10,430 6,392 4,938 8,185 6,269 5,907 601 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Pension Annuity 7,438,145 6,942,987 0 229,300 620,932 328,004 325,649 630,697 575,466 515,654 228,132 218,289 387,293 340,091 1,128,899 511,446 263,590 400,735 137,657 79,601 21,550 Distributive Shares 8,254,099 8,210,231 0 16,591 42,226 23,333 29,493 56,831 64,967 69,817 33,935 35,904 77,636 77,538 396,960 432,080 412,979 1,590,666 1,640,306 1,851,227 1,357,745 S-Corp Income 6,137,138 6,107,542 0 9,219 29,279 18,033 20,364 47,730 56,801 60,944 31,355 32,990 69,247 72,905 342,949 296,076 251,432 849,158 942,600 1,471,969 1,504,491 Rental Income 1,377,429 1,272,685 0 18,672 46,824 26,466 24,930 51,703 50,918 48,874 24,527 24,232 44,680 43,359 166,284 110,074 86,251 210,024 127,824 95,880 71,163 Alimony Received 328,409 306,408 0 10,784 27,982 16,534 18,869 36,840 33,260 28,819 11,541 10,921 18,926 14,202 41,162 16,209 6,086 11,542 2,470 256 4 Misc Income 1,881,231 1,808,039 0 31,067 53,088 26,071 25,641 53,452 51,639 50,557 24,436 24,396 46,690 45,268 178,670 132,413 98,504 283,238 235,983 245,953 200,973 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 612,636 22,099 92,321 126,970 352,458 6,346 2,063 1,581 894 2,161 461 5,282 123,310 38,018 22,515 17,337 30,173 3,853 1,323 1,293 983 1,767 972 5,077 495,158 28,960 80,788 82,825 273,617 15,543 4,499 3,728 2,894 1,697 277 331 43,867 2,265 4,374 4,499 13,580 920 438 369 478 2,087 872 13,987 29,596 606 1,847 1,999 7,881 548 193 720 802 1,694 365 12,941 104,744 44,543 14,925 11,115 27,999 2,273 676 457 441 398 277 1,640 14,902 5,161 2,249 1,803 4,717 138 85 77 19 344 30 279 22,000 5,475 2,813 2,834 10,343 269 108 36 0 121 0 0 73,192 19,965 14,475 11,754 20,860 2,394 1,117 658 522 693 170 582 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.21b Other Income Source by Gross Income Level: All Returns (Returns, 000s) Net Business Profit 371.3 281.0 0.0 17.5 32.5 13.5 12.6 24.1 21.9 19.8 9.3 8.8 15.9 13.9 43.4 18.9 9.6 13.8 3.8 1.3 0.2 Net Capital Gain 379.9 312.5 0.0 14.7 21.9 10.6 10.8 21.5 20.3 19.2 9.1 9.0 17.3 16.0 57.2 29.7 16.1 25.2 9.1 4.1 0.8 Excess Net Gambling 19.9 14.4 0.0 1.0 2.2 1.1 0.9 1.7 1.4 1.1 0.5 0.4 0.7 0.6 1.5 0.5 0.2 0.3 0.1 0.0 0.0 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Pension Annuity 453.8 367.5 0.0 26.3 48.9 22.4 21.1 37.9 32.0 27.4 12.1 11.5 20.3 17.3 49.7 18.3 7.9 10.0 2.9 1.2 0.2 Distributive Shares 99.5 91.7 0.0 2.6 4.5 2.1 2.1 4.3 4.2 4.1 2.0 1.9 3.8 3.6 14.0 9.4 6.6 14.7 7.3 3.6 0.8 S-Corp Income 74.7 71.8 0.0 1.2 3.0 1.6 1.6 3.5 3.6 3.7 1.8 1.8 3.4 3.4 12.8 7.7 4.9 9.9 4.7 2.5 0.5 Rental Income 107.6 86.0 0.0 3.4 7.3 3.6 3.5 6.8 6.2 5.6 2.7 2.6 4.7 4.2 13.6 7.0 4.1 6.9 2.5 1.1 0.2 Alimony Received 19.3 16.0 0.0 1.2 2.7 1.5 1.5 2.7 1.9 1.3 0.5 0.4 0.6 0.4 0.9 0.2 0.1 0.1 0.0 0.0 0.0 Misc Income 159.0 135.1 0.0 6.4 10.2 5.0 5.0 10.2 9.4 8.9 4.1 4.1 7.8 7.0 23.2 11.1 5.8 10.1 4.2 2.1 0.5 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 90.3 14.5 20.7 19.4 34.8 0.5 0.1 0.1 0.1 0.1 0.0 0.0 67.4 33.6 13.4 7.7 11.3 0.7 0.2 0.1 0.1 0.1 0.0 0.1 86.3 16.6 21.4 15.0 31.5 1.1 0.3 0.2 0.1 0.1 0.0 0.0 7.8 2.5 1.6 1.1 2.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 2.9 0.5 0.6 0.4 1.2 0.1 0.0 0.0 0.0 0.1 0.0 0.0 21.6 10.6 3.1 2.2 5.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 5.6 2.3 0.9 0.7 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.2 0.9 0.5 0.4 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.0 9.4 5.3 3.3 5.3 0.3 0.1 0.1 0.0 0.1 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.22a. Other Income by Gross Income Level: At least One Filer 65+ (Amounts, $000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 759,706 713,420 0 10,619 37,427 18,147 18,472 36,731 34,833 30,612 14,508 15,276 29,632 27,285 107,004 71,241 44,174 110,003 58,342 36,643 12,471 Net Gain Pension Annuity Distributive Shares S-Corp Income Rental Income 2149447.366 Net Gambling Alimony Received Misc Income 2,064,820 0 20,137 44,311 23,285 23,797 51,200 47,807 48,276 22,279 23,720 45,046 43,117 198,448 149,980 118,783 361,338 291,671 310,380 241,244 3,111,401 0 162,143 423,351 200,987 187,991 328,876 273,712 219,435 89,200 80,900 135,641 108,207 338,490 159,113 96,472 170,877 74,079 45,731 16,197 1,138,802 0 2,498 8,624 4,445 6,314 12,568 13,306 13,769 5,659 6,983 15,171 13,602 65,382 59,972 57,522 196,371 202,346 261,845 192,425 838,633 0 1,005 4,975 2,805 2,390 6,994 6,283 6,833 3,462 3,366 6,455 7,635 34,837 31,184 26,986 99,206 121,403 202,403 270,409 426,661 0 9,436 22,337 11,198 9,504 20,445 17,646 14,682 7,627 6,799 12,221 12,091 44,390 31,516 23,483 66,137 43,838 30,169 43,140 23,080 0 1,112 2,506 1,006 977 1,566 1,524 947 431 378 598 535 1,706 1,015 2,226 3,270 1,911 1,222 151 18,573 0 3,372 3,081 1,234 1,550 1,793 1,275 1,609 246 647 633 765 896 980 493 0 0 0 0 578,923 0 11,105 21,562 10,611 10,473 21,911 19,155 17,976 7,508 9,193 15,662 13,460 49,810 37,979 30,858 86,510 71,117 80,494 63,538 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 46,286 3,186 8,144 7,721 24,805 1,640 362 105 17 0 306 1 84,628 30,268 13,020 10,110 22,574 2,954 1,067 1,090 667 761 508 1,608 386,350 22,678 63,519 64,522 213,240 12,938 3,545 2,833 2,054 863 71 87 8,102 965 1,023 1,044 4,193 465 174 97 97 44 0 0 3,229 146 352 423 2,029 175 16 71 2 16 0 0 77,154 40,017 10,433 6,802 16,578 1,598 329 92 331 180 227 566 9,104 4,397 1,279 802 2,136 94 58 8 5 326 0 0 7,790 4,316 1,283 994 1,057 105 34 0 0 0 0 0 37,486 14,869 5,309 4,658 9,516 1,474 651 321 267 300 119 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.22b Other Income by Gross Income Level: At least One Filer 65+ (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 34.5 24.5 0.0 1.4 3.8 1.6 1.5 2.5 2.0 1.6 0.7 0.7 1.1 1.0 2.9 1.3 0.7 1.2 0.4 0.2 0.0 Net Gain 108.2 68.5 0.0 6.8 11.2 4.6 4.1 7.0 5.3 4.2 1.7 1.6 2.7 2.2 6.8 3.2 1.9 3.3 1.3 0.6 0.1 Pension Annuity 177.5 115.3 0.0 16.2 26.4 9.8 8.2 12.6 9.0 6.5 2.5 2.2 3.5 2.8 7.4 2.9 1.5 2.4 0.9 0.4 0.1 Distributive Shares 21.2 17.6 0.0 0.8 1.6 0.7 0.7 1.3 1.1 1.0 0.4 0.4 0.7 0.7 2.3 1.3 1.0 2.0 1.0 0.5 0.1 S-Corp Income 8.2 7.5 0.0 0.1 0.5 0.2 0.2 0.5 0.4 0.4 0.2 0.2 0.3 0.3 1.1 0.7 0.4 1.1 0.6 0.4 0.1 Rental Income 35.0 20.0 0.0 1.6 3.0 1.3 1.1 1.9 1.4 1.1 0.5 0.5 0.8 0.7 2.1 1.1 0.7 1.3 0.5 0.3 0.1 Net Gambling 5.9 2.6 0.0 0.3 0.6 0.2 0.2 0.3 0.2 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.0 0.1 0.0 0.0 0.0 Alimony Received 2.3 1.2 0.0 0.3 0.3 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Misc Income 37.6 25.7 0.0 2.0 3.6 1.5 1.4 2.4 2.0 1.6 0.7 0.6 1.1 0.9 2.8 1.4 0.8 1.7 0.8 0.4 0.1 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 10.1 2.6 2.2 1.5 3.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 39.7 20.5 6.2 4.2 8.1 0.5 0.1 0.1 0.0 0.0 0.0 0.0 62.2 12.6 16.0 10.7 21.8 0.8 0.1 0.1 0.0 0.0 0.0 0.0 3.6 1.4 0.6 0.4 1.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.1 0.1 0.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.0 9.2 1.9 1.2 2.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 3.3 1.8 0.5 0.3 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 0.7 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.9 5.9 1.8 1.3 2.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.23a Other Income Source by Gross Income Level: All Filers <65 (Amounts, $000s) Net Business Profit 8,064,938 7,498,589 0 151,078 391,420 174,379 163,536 322,904 320,664 312,472 156,594 150,925 287,908 269,607 1,091,392 785,376 571,141 1,351,969 619,009 302,973 75,242 Net Capital Gain 5,094,900 5,056,217 0 24,101 35,765 19,626 23,746 50,770 60,517 66,312 35,200 36,608 78,444 84,590 428,022 365,596 309,041 831,439 678,550 881,994 1,045,896 Excess Net Gambling 68,257 62,459 0 1,860 4,671 2,494 2,470 4,328 3,937 3,667 1,456 1,384 2,237 2,736 8,723 5,377 2,711 4,915 4,357 4,686 450 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Pension Annuity 3,940,394 3,831,585 0 67,157 197,581 127,017 137,658 301,821 301,755 296,218 138,933 137,389 251,653 231,884 790,409 352,333 167,118 229,858 63,578 33,870 5,353 Distributive Shares 7,107,196 7,071,430 0 14,093 33,602 18,887 23,180 44,263 51,661 56,048 28,276 28,921 62,465 63,935 331,577 372,108 355,457 1,394,294 1,437,960 1,589,382 1,165,321 S-Corp Income 5,295,276 5,268,909 0 8,214 24,304 15,227 17,974 40,736 50,519 54,111 27,893 29,624 62,792 65,269 308,112 264,891 224,445 749,952 821,197 1,269,566 1,234,082 Rental Income 873,614 846,024 0 9,236 24,487 15,268 15,426 31,257 33,273 34,191 16,900 17,433 32,458 31,268 121,894 78,558 62,767 143,888 83,986 65,710 28,023 Alimony Received 302,046 287,835 0 7,412 24,901 15,300 17,319 35,047 31,986 27,210 11,294 10,274 18,293 13,437 40,266 15,229 5,593 11,542 2,470 256 4 Misc Income 1,264,823 1,229,116 0 19,962 31,526 15,460 15,167 31,541 32,484 32,581 16,929 15,203 31,028 31,808 128,859 94,434 67,645 196,728 164,866 165,459 137,435 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 566,350 18,914 84,177 119,249 327,653 4,706 1,701 1,476 877 2,161 154 5,281 38,682 7,750 9,495 7,226 7,599 899 256 203 316 1,005 464 3,470 108,809 6,282 17,270 18,303 60,377 2,604 953 895 841 834 205 244 35,766 1,300 3,352 3,455 9,386 455 264 272 381 2,043 872 13,987 26,367 461 1,495 1,576 5,852 373 177 648 801 1,678 365 12,941 27,590 4,526 4,492 4,313 11,421 674 347 365 110 218 50 1,073 5,798 764 970 1,001 2,581 44 28 69 14 18 30 279 14,210 1,158 1,530 1,840 9,286 164 75 36 0 121 0 0 35,706 5,095 9,166 7,097 11,344 920 466 337 255 393 50 582 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.23b Other Income by Gross Income Level: All Filers <65 (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 336.8 256.5 0.0 16.1 28.7 12.0 11.1 21.7 19.8 18.2 8.6 8.2 14.9 12.9 40.6 17.5 8.9 12.6 3.4 1.1 0.2 Net Gain 271.7 243.9 0.0 7.9 10.7 6.0 6.7 14.6 15.1 15.0 7.4 7.4 14.6 13.8 50.4 26.5 14.2 21.8 7.7 3.5 0.7 Pension Annuity 276.3 252.2 0.0 10.1 22.6 12.6 12.9 25.2 22.9 20.9 9.6 9.3 16.8 14.5 42.3 15.4 6.3 7.6 2.0 0.8 0.1 Distributive Shares 78.3 74.1 0.0 1.8 2.9 1.4 1.5 3.0 3.2 3.1 1.6 1.5 3.1 2.9 11.8 8.0 5.6 12.7 6.3 3.1 0.7 S-Corp Income 66.5 64.3 0.0 1.1 2.5 1.4 1.5 3.0 3.3 3.3 1.6 1.6 3.1 3.2 11.7 7.1 4.5 8.8 4.1 2.1 0.4 Rental Income 72.6 66.0 0.0 1.7 4.4 2.4 2.4 4.9 4.8 4.5 2.2 2.1 3.9 3.5 11.4 5.9 3.4 5.5 2.0 0.9 0.2 Net Gambling 14.1 11.8 0.0 0.7 1.6 0.8 0.8 1.4 1.2 0.9 0.4 0.4 0.6 0.5 1.4 0.5 0.2 0.2 0.1 0.0 0.0 Alimony Received 17.0 14.9 0.0 0.8 2.4 1.4 1.4 2.6 1.9 1.2 0.5 0.4 0.6 0.4 0.8 0.2 0.1 0.1 0.0 0.0 0.0 Misc Income 121.4 109.4 0.0 4.4 6.6 3.5 3.6 7.8 7.4 7.3 3.5 3.5 6.7 6.1 20.4 9.7 5.0 8.4 3.4 1.7 0.4 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 80.3 11.9 18.6 17.9 31.2 0.3 0.1 0.1 0.1 0.1 0.0 0.0 27.7 13.1 7.3 3.5 3.2 0.2 0.1 0.1 0.1 0.1 0.0 0.1 24.1 4.0 5.5 4.3 9.7 0.3 0.1 0.1 0.1 0.1 0.0 0.0 4.2 1.1 1.0 0.7 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 0.4 0.4 0.3 0.9 0.0 0.0 0.0 0.0 0.1 0.0 0.0 6.6 1.5 1.2 1.0 2.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 2.3 0.5 0.4 0.4 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 0.3 0.4 0.3 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.1 3.5 3.5 2.0 2.7 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.24a Other Income Source by Gross Income Level: Married Filing Joint (Amounts, $000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 6,778,902 6,537,326 0 0 228,812 114,539 111,494 234,017 251,471 254,147 130,214 129,499 252,823 243,103 1,008,523 742,513 548,242 1,304,767 608,860 296,965 77,340 Net Gain 5,521,877 5,465,205 0 0 30,965 18,752 20,927 46,629 53,748 60,033 32,859 35,336 74,630 80,922 434,714 383,647 330,220 949,725 822,637 994,615 1,094,846 Pension Annuity 4,986,926 4,679,530 0 0 294,081 167,511 171,848 354,111 359,652 351,242 162,438 158,791 288,020 265,324 921,625 434,102 221,029 334,468 112,350 68,316 14,620 Distributive Shares 7,143,703 7,115,611 0 0 19,995 11,844 16,305 34,342 42,795 49,783 25,678 26,013 57,087 59,576 319,599 363,328 356,360 1,416,346 1,456,198 1,641,447 1,218,915 S-Corp Income 5,065,088 5,045,349 0 0 13,498 9,687 11,842 31,302 39,110 43,590 24,142 25,678 53,605 58,052 280,016 246,314 215,330 718,899 793,510 1,270,587 1,210,191 Rental Income 1,044,181 987,623 0 0 25,560 15,545 15,798 33,919 36,160 35,819 18,749 18,249 35,466 34,742 135,863 91,805 72,649 177,126 105,016 79,979 55,179 Net Gambling 58,570 51,342 0 0 2,950 1,505 1,408 2,890 2,590 2,788 1,254 1,148 1,916 2,314 7,542 4,676 2,942 6,606 5,125 3,199 487 Alimony Received 4,119 3,941 0 0 149 59 115 156 218 195 99 118 185 211 1,019 816 183 269 135 11 4 Other Income 1,164,242 1,139,501 0 0 15,578 9,326 8,979 21,411 22,659 25,681 13,202 13,113 26,230 27,862 116,883 91,432 70,135 197,342 168,141 171,337 140,189 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 241,576 3,827 15,622 23,611 184,191 5,069 1,520 1,027 685 1,656 461 3,908 56,672 11,965 5,378 4,834 24,002 2,185 713 292 536 1,250 512 5,005 307,397 10,089 29,138 32,372 217,401 11,198 2,232 1,952 1,592 1,001 92 330 28,091 426 872 1,114 10,108 634 112 188 384 1,433 429 12,392 19,739 138 453 481 6,247 300 132 447 601 1,110 282 9,550 56,558 19,160 6,270 4,451 22,769 1,718 276 269 434 346 14 851 7,228 2,173 814 640 3,202 41 5 25 15 3 30 279 177 3 3 43 128 0 0 0 0 0 0 0 24,741 4,950 2,110 2,175 12,778 1,047 352 161 53 398 165 552 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.24b Other Income by Gross Income Level: Married Filing Joint (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 232.5 203.0 0.0 0.0 17.2 8.0 7.7 15.5 15.8 15.4 7.5 7.3 13.5 12.1 39.2 17.3 8.8 12.7 3.5 1.2 0.2 Net Gain 227.1 205.3 0.0 0.0 8.6 4.4 4.5 9.5 10.2 11.0 5.7 5.8 11.9 11.8 46.9 25.9 14.2 22.2 8.1 3.6 0.7 Pension Annuity 263.8 221.0 0.0 0.0 20.7 9.9 9.6 18.8 18.5 18.0 8.5 8.4 15.5 14.0 42.8 16.5 7.1 8.9 2.5 1.1 0.2 Distributive Shares 73.4 70.3 0.0 0.0 2.1 1.1 1.2 2.5 2.7 2.9 1.4 1.4 2.8 2.8 11.7 8.2 5.8 13.2 6.6 3.2 0.7 S-Corp Income 59.2 57.7 0.0 0.0 1.5 0.9 1.0 2.4 2.6 2.8 1.4 1.5 2.8 2.9 11.1 6.8 4.4 8.8 4.2 2.2 0.5 Rental Income 72.7 62.4 0.0 0.0 3.9 2.1 2.0 4.3 4.1 4.0 2.0 2.0 3.7 3.4 11.6 6.2 3.6 6.1 2.2 1.0 0.2 Net Gambling 10.5 7.9 0.0 0.0 0.9 0.4 0.4 0.8 0.8 0.7 0.3 0.3 0.5 0.4 1.3 0.5 0.2 0.3 0.1 0.0 0.0 Alimony Received 0.6 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Misc Income 96.9 88.9 0.0 0.0 3.5 2.0 2.0 4.6 5.1 5.6 2.8 2.9 5.8 5.5 19.6 9.7 5.2 8.8 3.7 1.8 0.4 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 29.5 2.8 3.7 3.8 18.7 0.4 0.1 0.1 0.1 0.1 0.0 0.0 21.8 7.2 2.7 2.1 8.9 0.5 0.1 0.1 0.1 0.1 0.0 0.0 42.8 5.3 7.5 5.6 23.3 0.8 0.1 0.1 0.1 0.1 0.0 0.0 3.2 0.5 0.4 0.3 1.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.1 0.2 0.1 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.4 4.0 1.2 0.9 4.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 2.6 1.0 0.3 0.2 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.0 2.4 1.0 0.8 3.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.25a. Other Income Source by Gross Income Level: Single Filers (Amounts, $000s) Net Business Profit 1,308,052 1,195,017 0 151,073 130,994 54,735 50,447 90,136 72,296 63,032 28,203 24,813 43,140 36,679 133,126 76,467 47,976 108,200 47,340 32,266 4,094 Net Capital Gain 1,368,792 1,308,946 0 43,349 43,608 21,058 22,777 46,432 44,846 44,030 18,822 20,332 38,354 37,554 153,247 105,954 77,563 194,686 119,471 150,631 126,233 Excess Net Gambling 29,509 24,176 0 2,874 2,862 1,260 1,464 1,907 1,989 1,062 384 511 544 723 1,690 1,383 1,337 1,480 1,135 1,456 114 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Pension Annuity 1,903,069 1,779,282 0 222,188 264,465 129,554 122,571 213,761 162,394 120,642 46,929 44,045 73,846 51,568 151,673 57,254 32,995 52,081 18,889 7,530 6,897 Distributive Shares 803,828 793,344 0 16,017 17,967 9,372 11,154 18,488 18,015 16,382 6,969 7,734 15,940 13,977 58,856 51,534 44,540 125,033 128,287 137,611 95,469 S-Corp Income 758,650 751,392 0 8,557 12,569 6,730 6,367 11,913 12,878 12,695 4,553 4,940 10,024 10,231 45,251 37,116 26,362 92,460 107,196 149,035 192,516 Rental Income 255,777 216,400 0 17,803 16,377 8,356 6,658 13,593 11,014 9,340 4,409 4,485 6,442 6,326 23,847 14,184 10,492 24,522 18,622 12,223 7,705 Alimony Received 131,160 121,097 0 10,516 12,576 6,710 7,733 14,542 11,496 11,811 4,422 4,189 7,368 4,621 14,344 5,191 1,878 2,641 812 245 0 Misc Income 589,610 550,982 0 30,112 31,719 14,666 14,335 26,553 23,754 20,696 9,485 9,524 17,099 14,319 49,423 32,551 24,286 70,077 51,978 63,132 47,272 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 113,035 15,311 51,219 41,687 2,212 777 262 348 102 39 0 1,077 59,846 24,832 16,196 11,719 2,893 1,489 549 927 440 332 460 9 123,787 16,241 43,773 42,359 12,409 3,537 2,125 1,517 1,204 621 0 0 10,484 1,745 3,251 3,064 744 210 299 165 94 366 229 317 7,258 410 1,201 1,354 193 175 17 157 96 292 0 3,363 39,377 23,015 7,484 5,662 1,688 431 299 47 6 42 0 702 5,333 2,631 1,222 868 45 97 79 50 1 341 0 0 10,063 4,910 2,177 1,825 773 186 72 0 0 120 0 0 38,628 13,980 10,389 8,435 2,800 1,117 709 476 469 239 1 13 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 1.25b Other Income by Gross Income Level: Single Filers (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Net Profit 87.3 58.4 0.0 16.5 10.3 3.9 3.5 6.2 4.2 3.0 1.2 1.0 1.7 1.2 3.0 1.0 0.5 0.8 0.2 0.1 0.0 Net Gain 130.3 88.3 0.0 14.4 11.4 5.1 5.2 9.8 8.0 6.4 2.7 2.4 4.1 3.2 7.9 2.9 1.4 2.2 0.7 0.3 0.1 Pension Annuity 140.4 109.6 0.0 25.5 21.1 9.0 8.2 13.1 8.9 6.2 2.3 2.0 3.2 2.2 4.7 1.3 0.6 0.8 0.3 0.1 0.0 Distributive Shares 21.3 17.3 0.0 2.5 2.0 0.9 0.8 1.5 1.2 1.0 0.5 0.4 0.7 0.6 1.8 0.9 0.6 1.1 0.5 0.3 0.1 S-Corp Income 11.6 10.6 0.0 1.1 1.2 0.5 0.5 0.8 0.8 0.7 0.2 0.2 0.4 0.4 1.2 0.7 0.4 0.8 0.4 0.2 0.0 Rental Income 26.9 18.0 0.0 3.2 2.5 1.1 1.0 1.8 1.5 1.1 0.5 0.5 0.7 0.6 1.5 0.6 0.4 0.6 0.2 0.1 0.0 Net Gambling 6.4 4.4 0.0 1.0 0.8 0.4 0.4 0.6 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Alimony Received 8.3 6.8 0.0 1.1 1.1 0.6 0.6 1.1 0.7 0.5 0.2 0.1 0.2 0.1 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Misc Income 49.8 36.6 0.0 6.3 5.3 2.4 2.3 4.2 3.2 2.4 1.0 0.9 1.5 1.1 2.7 1.0 0.5 1.0 0.4 0.2 0.0 Non-taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 28.9 10.0 11.8 6.7 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 42.0 25.3 10.2 5.2 0.9 0.2 0.1 0.1 0.0 0.0 0.0 0.0 30.9 9.6 11.7 7.6 1.5 0.2 0.1 0.1 0.0 0.0 0.0 0.0 4.0 1.9 1.2 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.3 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.0 6.0 1.6 1.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 1.1 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.8 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.2 6.6 3.8 2.2 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.1 Number of Exemptions by Filing Status All Filers 5,040,314 667,538 78,573 3,525,180 266,888 193,912 9,772,405 Married, Filing: Jointly Separately 2,920,934 422,415 51,260 2,372,049 105,596 150,184 6,022,438 57,174 5,160 810 30,953 2,966 1,635 98,697 Head of Household 563,717 19,879 3,990 1,046,219 139,668 38,656 1,812,129 Surviving Spouse 5,642 1,521 224 8,643 749 904 17,683 Exemptions Regular Aged Blind or Disabled Dependent Children Other Dependents Dependent College Student Total Single 1,492,847 218,563 22,289 67,317 17,910 2,533 1,821,459 Percent of Total Exemptions by Filing Status All Filers 51.6% 6.8% 0.8% 36.1% 2.7% 2.0% 100.0% Married, Filing: Jointly Separately 29.9% 4.3% 0.5% 24.3% 1.1% 1.5% 61.6% 0.6% 0.1% 0.0% 0.3% 0.0% 0.0% 1.0% Head of Household 5.8% 0.2% 0.0% 10.7% 1.4% 0.4% 18.5% Surviving Spouse 0.1% 0.0% 0.0% 0.1% 0.0% 0.0% 0.2% Exemptions Regular Aged Blind or Disabled Dependent Children Other Dependents Dependent College Student Total Single 15.3% 2.2% 0.2% 0.7% 0.2% 0.0% 18.6% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.2 Value of Exemptions and Deductions and Percent of Gross Income All Taxpayers Returns (000s) 722.9 463.7 569.3 446.9 482.5 321.6 428.5 50.2 94.2 3,579.8 Total Gross Income (GI) Amount % of ($000s) total GI 2,866,757 1.3% 6,870,956 3.0% 15,496,183 6.8% 18,813,593 8.3% 29,703,417 13.1% 27,841,303 12.3% 57,616,605 25.5% 11,155,104 4.9% 56,004,335 24.7% 226,368,253 100.0% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 1,562,750 11.1% 54.5% 1,398,632 9.9% 20.4% 2,102,674 14.9% 13.6% 1,725,927 12.2% 9.2% 2,198,154 15.6% 7.4% 1,634,246 11.6% 5.9% 2,436,889 17.3% 4.2% 324,714 2.3% 2.9% 739,473 5.2% 1.3% 14,123,457 100.0% 6.2% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Married, Filing Jointly Returns (000s) 103.0 87.2 135.5 143.5 256.2 234.1 371.5 45.2 84.3 1,460.5 Total Gross Income (GI) Amount % of ($000s) total GI 353,120 0.2% 1,314,868 0.6% 3,730,449 1.6% 6,110,983 2.7% 16,024,552 7.1% 20,369,669 9.0% 50,237,402 22.2% 10,029,075 4.4% 49,944,809 22.1% 158,114,928 69.8% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 474,264 3.4% 134.3% 434,787 3.1% 33.1% 892,549 6.3% 23.9% 915,261 6.5% 15.0% 1,560,339 11.0% 9.7% 1,362,030 9.6% 6.7% 2,200,211 15.6% 4.4% 291,517 2.1% 2.9% 629,091 4.5% 1.3% 8,760,049 62.0% 5.5% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Married, Filing Separately Returns (000s) 8.4 7.3 12.2 10.9 9.6 4.5 3.1 0.3 0.8 57.2 Total Gross Income (GI) Amount % of ($000s) total GI 34,572 0.0% 109,415 0.0% 335,266 0.1% 459,731 0.2% 586,667 0.3% 388,742 0.2% 409,238 0.2% 72,115 0.0% 649,313 0.3% 3,045,059 1.3% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 15,233 0.1% 44.1% 18,727 0.1% 17.1% 34,307 0.2% 10.2% 31,985 0.2% 7.0% 30,749 0.2% 5.2% 15,206 0.1% 3.9% 13,954 0.1% 3.4% 2,227 0.0% 3.1% 8,640 0.1% 1.3% 171,027 1.2% 5.6% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Single Returns (000s) 515.0 241.1 271.3 203.1 152.1 59.3 40.1 3.7 7.1 1,492.8 Total Gross Income (GI) Amount % of ($000s) total GI 1,946,883 0.9% 3,542,067 1.6% 7,376,009 3.3% 8,510,287 3.8% 9,187,366 4.1% 5,069,821 2.2% 5,203,975 2.3% 825,133 0.4% 4,248,121 1.9% 45,909,662 20.3% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 758,100 5.4% 38.9% 501,621 3.6% 14.2% 567,174 4.0% 7.7% 404,821 2.9% 4.8% 327,758 2.3% 3.6% 145,231 1.0% 2.9% 135,780 1.0% 2.6% 21,281 0.2% 2.6% 71,567 0.5% 1.7% 2,933,332 20.8% 6.4% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Head of Household Returns (000s) 94.6 127.4 149.6 88.6 63.9 23.3 13.4 1.0 1.9 563.7 Total Gross Income (GI) Amount % of ($000s) total GI 527,663 0.2% 1,895,254 0.8% 4,032,221 1.8% 3,701,067 1.6% 3,857,903 1.7% 1,981,384 0.9% 1,716,956 0.8% 220,500 0.1% 1,129,723 0.5% 19,062,670 8.4% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 309,589 2.2% 58.7% 440,843 3.1% 23.3% 604,325 4.3% 15.0% 370,130 2.6% 10.0% 275,352 1.9% 7.1% 109,626 0.8% 5.5% 84,584 0.6% 4.9% 9,455 0.1% 4.3% 29,645 0.2% 2.6% 2,233,550 15.8% 11.7% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Surviving Spouse Returns (000s) 1.8 0.6 0.8 0.7 0.8 0.4 0.4 0.0 0.1 5.6 Total Gross Income (GI) Amount % of ($000s) total GI 4,519 0.0% 9,352 0.0% 22,238 0.0% 31,524 0.0% 46,930 0.0% 31,687 0.0% 49,033 0.0% 8,281 0.0% 32,370 0.0% 235,934 0.1% Total Exemptions and Deductions Amount % of as % ($000s) total E&D of GI 5,563 0.0% 123.1% 2,654 0.0% 28.4% 4,320 0.0% 19.4% 3,729 0.0% 11.8% 3,956 0.0% 8.4% 2,152 0.0% 6.8% 2,361 0.0% 4.8% 233 0.0% 2.8% 530 0.0% 1.6% 25,499 0.2% 10.8% Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.11a Exemptions and Deductions by Gross Income Level: All Returns Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 5,040,314 3,881,913 0 243,858 477,690 219,036 207,442 376,858 318,201 283,675 131,509 126,265 229,526 197,437 577,983 219,151 95,171 124,382 36,670 14,530 2,529 Aged 667,538 318,583 0 33,888 70,724 27,304 22,969 35,968 25,661 18,534 7,259 6,633 10,783 8,517 22,686 9,398 5,066 8,332 3,127 1,446 288 Number of Exemptions Blind or Dependent Disabled Children 78,573 3,525,180 38,515 0 2,589 7,865 3,577 3,210 5,525 4,145 2,990 1,202 1,009 1,540 1,095 2,358 667 257 359 96 28 3 2,909,931 0 16,439 340,883 146,957 132,462 244,812 224,948 216,260 104,349 102,677 191,798 170,496 528,699 209,090 94,143 128,567 39,137 15,453 2,766 College Student 193,912 181,271 0 371 10,703 5,966 5,763 12,381 12,164 12,482 6,521 6,526 13,043 12,217 43,835 19,171 7,772 9,031 2,305 867 153 Other Dependents 266,888 217,848 0 3,626 36,273 17,199 15,779 27,746 20,492 16,605 7,206 6,674 11,714 9,815 26,858 9,953 3,671 3,369 629 215 30 Deduction Amount $000s Medical Alimony Qualified Expenses Paid Conservation 3,970,071 356,587 24,395 3,598,941 0 176,401 445,736 220,638 209,848 382,981 326,993 276,049 121,671 111,715 198,822 165,789 476,677 185,568 89,522 142,290 47,138 18,156 2,945 348,983 0 2,129 5,909 4,023 4,587 10,955 13,436 15,132 7,237 7,531 15,342 15,253 55,636 37,086 27,760 63,288 36,234 22,130 5,312 7,913 0 55 169 73 106 137 142 127 181 83 186 155 482 479 200 520 2,822 1,996 0 Excess Exemptions & Deductions 1,299,197 185,781 0 35,890 63,197 16,112 11,372 14,922 9,101 7,480 2,725 2,247 4,528 2,674 9,286 2,959 987 1,465 834 0 0 1,158,401 423,870 245,599 156,396 307,090 8,114 6,025 5,323 2,485 2,895 222 382 348,955 187,060 52,025 33,121 73,300 2,565 433 247 124 56 11 13 40,058 22,504 5,786 3,376 7,792 381 106 71 30 11 1 0 615,249 62,369 89,849 83,988 361,842 3,659 3,713 4,076 2,150 2,916 255 435 12,641 1,383 1,458 1,509 7,526 226 109 174 92 142 12 10 49,040 6,387 7,070 6,038 27,266 549 575 635 203 285 18 16.5 371,130 68,114 52,444 38,408 130,217 44,859 14,476 11,248 6,198 3,825 525 815 7,604 699 569 391 1,975 1,461 902 436 318 482 107 264 16,482 7,765 3,411 1,161 2,269 137 60 775 6 501 0 397 1,113,416 668,061 173,482 63,464 129,809 46,144 13,114 9,824 5,313 2,987 416 802 Statistics of Income 2005 New Jersey Income Tax Returns for 2003 Table 2.11b Exemptions and Deductions by Gross Income Level: All Returns (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 3,579.8 2,618.5 0.0 243.9 389.6 173.8 161.3 280.6 217.5 180.6 80.4 75.5 133.4 111.0 311.4 115.5 50.1 65.6 19.3 7.7 1.3 Aged 493.6 237.9 0.0 33.9 51.2 19.7 16.6 25.9 18.4 13.2 5.2 4.8 7.8 6.1 16.2 6.6 3.5 5.6 2.1 0.9 0.2 Returns with Exemptions Blind or Dependent Disabled Children 75.8 1,333.8 37.8 0.0 2.6 7.7 3.5 3.1 5.4 4.1 2.9 1.2 1.0 1.5 1.1 2.3 0.6 0.3 0.4 0.1 0.0 0.0 1,076.3 0.0 8.3 138.1 58.8 52.9 96.5 85.5 80.4 38.5 37.6 69.6 61.1 186.5 72.4 31.7 41.4 11.9 4.5 0.8 College Student 163.2 152.3 0.0 0.3 9.3 5.2 5.0 10.8 10.5 10.7 5.6 5.6 11.0 10.3 36.2 15.5 6.2 7.3 1.9 0.7 0.1 Other Dependents 141.0 113.7 0.0 2.0 19.5 9.1 8.4 14.7 10.8 8.6 3.7 3.5 6.1 5.0 13.6 4.8 1.8 1.7 0.3 0.1 0.0 Returns with Deductions Medical Alimony Qualified Expenses Paid Conservation 951.2 24.0 1.9 870.5 0.0 66.4 133.3 63.2 57.8 103.2 82.8 68.0 29.3 26.8 46.6 37.7 95.3 28.8 11.3 14.2 4.0 1.5 0.2 22.3 0.0 0.5 1.1 0.6 0.7 1.6 1.8 1.8 0.8 0.8 1.5 1.3 4.0 1.9 1.1 1.8 0.7 0.3 0.1 1.2 0.0 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Excess Exemptions & Deductions 401.8 25.1 0.0 8.5 10.2 2.1 1.2 1.3 0.6 0.4 0.1 0.1 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 961.3 365.5 220.6 136.8 219.8 6.0 5.0 4.0 1.6 1.7 0.1 0.2 255.6 145.4 39.0 24.6 44.3 1.6 0.3 0.2 0.1 0.0 0.0 0.0 38.0 21.3 5.5 3.2 7.4 0.4 0.1 0.1 0.0 0.0 0.0 0.0 257.5 27.8 39.9 37.5 145.8 1.4 1.5 1.6 0.8 1.0 0.1 0.1 10.9 1.2 1.3 1.3 6.5 0.2 0.1 0.2 0.1 0.1 0.0 0.0 27.2 3.7 4.0 3.4 15.0 0.3 0.3 0.3 0.1 0.1 0.0 0.0 80.7 23.6 15.2 10.6 25.7 2.8 1.2 0.9 0.3 0.3 0.0 0.0 1.8 0.7 0.4 0.2 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 376.7 288.6 50.3 15.8 19.2 2.2 0.3 0.1 0.1 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.12a Exemptions & Deductions By Gross Income Level: At Least One Filer 65+ Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 742,045 373,913 0 33,888 79,294 31,384 26,969 42,851 31,294 22,933 9,096 8,380 13,689 10,866 28,981 11,958 6,334 10,173 3,758 1,716 349 Aged 667,538 318,583 0 33,888 70,724 27,304 22,969 35,968 25,661 18,534 7,259 6,633 10,783 8,517 22,686 9,398 5,066 8,332 3,127 1,446 288 Number of Exemptions Blind or Dependent Disabled Children 26,929 40,431 9,643 0 958 2,569 978 841 1,271 817 518 195 164 264 196 473 155 66 133 31 13 1 24,221 0 233 5,025 2,012 1,755 2,802 2,103 1,733 804 696 1,139 923 2,537 1,103 498 581 191 69 21 College Student 3,297 2,735 0 10 299 154 151 284 256 206 109 107 170 143 441 187 98 80 28 10 2 Other Dependents 12,261 7,419 0 192 1,608 744 563 947 714 492 215 176 291 270 656 252 95 126 54 23 5 Deduction Amount $000s Medical Alimony Qualified Expenses Paid Conservation 1,164,071 36,395 10,367 905,747 0 81,669 184,148 75,128 64,110 102,088 75,727 56,538 21,744 20,589 33,622 26,571 75,776 32,101 15,831 27,577 8,817 3,186 524 33,566 0 752 1,655 1,037 979 1,571 1,655 1,715 640 546 1,331 1,369 4,931 3,082 2,108 4,044 2,851 2,530 770 3,862 0 11 33 7 18 12 8 9 5 0 1 8 71 111 106 305 2,074 1,083 0 Excess Exemptions & Deductions 816,509 104,242 0 22,781 35,615 7,858 5,768 6,692 4,851 4,288 1,228 1,380 2,272 1,714 6,103 1,796 501 714 679 0 0 368,132 192,675 54,671 35,234 81,742 2,788 488 288 144 74 11 17 348,955 187,060 52,025 33,121 73,300 2,565 433 247 124 56 11 13 17,286 9,926 2,323 1,382 3,330 227 51 31 12 4 0 0 16,211 5,037 2,589 1,784 6,498 168 48 33 27 21 4.5 1.5 562 111 76 72 270 20 1 4 4 3 0 1 4,842 1,635 764 539 1,793 69 21 14 5 5 0 0 258,323 53,202 37,933 26,555 88,344 29,848 9,312 6,804 4,057 2,032 236 2 2,829 442 312 209 893 491 353 78 0 52 0 0 6,505 3,883 327 581 653 55 0 610 0 0 0 397 712,267 447,009 89,755 35,984 84,240 31,026 9,935 7,600 4,067 2,035 215 402 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.12b Exemptions & Deductions By Gross Income Level: At Least One Filer 65+ (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 493.6 237.9 0.0 33.9 51.2 19.7 16.6 25.9 18.4 13.2 5.2 4.8 7.8 6.1 16.2 6.6 3.5 5.6 2.1 0.9 0.2 Aged 493.6 237.9 0.0 33.9 51.2 19.7 16.6 25.9 18.4 13.2 5.2 4.8 7.8 6.1 16.2 6.6 3.5 5.6 2.1 0.9 0.2 Returns with Exemptions Blind or Dependent Disabled Children 25.6 20.7 9.3 0.0 1.0 2.5 0.9 0.8 1.2 0.8 0.5 0.2 0.2 0.3 0.2 0.5 0.1 0.1 0.1 0.0 0.0 0.0 12.0 0.0 0.1 2.5 1.0 0.9 1.4 1.1 0.8 0.4 0.3 0.6 0.4 1.3 0.5 0.2 0.3 0.1 0.0 0.0 College Student 2.9 2.4 0.0 0.0 0.3 0.1 0.1 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.4 0.2 0.1 0.1 0.0 0.0 0.0 Other Dependents 7.2 4.3 0.0 0.1 0.9 0.4 0.3 0.6 0.4 0.3 0.1 0.1 0.2 0.2 0.4 0.1 0.1 0.1 0.0 0.0 0.0 Returns with Deductions Medical Alimony Qualified Expenses Paid Conservation 218.7 3.5 0.4 169.2 0.0 27.3 41.9 15.8 12.1 18.5 12.9 9.1 3.3 3.0 4.7 3.6 9.0 3.3 1.6 2.2 0.5 0.2 0.0 2.7 0.0 0.2 0.3 0.2 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.4 0.2 0.1 0.2 0.1 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Excess Exemptions and Deductions 199.6 13.8 0.0 5.1 5.7 1.0 0.6 0.5 0.3 0.2 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 255.6 145.4 39.0 24.6 44.3 1.6 0.3 0.2 0.1 0.0 0.0 0.0 255.6 145.4 39.0 24.6 44.3 1.6 0.3 0.2 0.1 0.0 0.0 0.0 16.3 9.4 2.2 1.3 3.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 8.6 2.8 1.4 1.0 3.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.9 1.0 0.4 0.3 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49.5 17.4 9.5 6.2 14.4 1.5 0.3 0.1 0.1 0.0 0.0 0.0 0.8 0.4 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 185.8 145.4 21.8 6.7 9.9 1.5 0.2 0.1 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.13a Exemptions & Deductions By Gross Income Level: All Filers < 65 Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 4,298,269 3,508,000 0 209,970 398,396 187,652 180,473 334,007 286,907 260,742 122,413 117,885 215,837 186,571 549,002 207,193 88,837 114,209 32,912 12,814 2,180 Aged 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Number of Exemptions Blind or Dependent Disabled Children 51,644 3,484,749 28,872 0 1,631 5,296 2,599 2,369 4,254 3,328 2,472 1,007 845 1,276 899 1,885 512 191 226 65 15 2 2,885,711 0 16,206 335,858 144,945 130,707 242,010 222,845 214,527 103,545 101,981 190,659 169,574 526,163 207,987 93,645 127,986 38,946 15,384 2,745 College Student 190,615 178536 0 361 10,404 5,812 5,612 12,097 11,908 12,276 6,412 6,419 12,873 12,074 43,394 18,984 7,674 8,951 2,277 857 151 Other Dependents 254,627 210,429 0 3,434 34,665 16,455 15,216 26,799 19,778 16,113 6,992 6,498 11,423 9,545 26,202 9,701 3,576 3,243 575 192 26 Deduction Amount $000s Medical Alimony Qualified Expenses Paid Conservation 2,806,000 320,192 14,028 2,693,193 0 94,732 261,588 145,510 145,738 280,894 251,266 219,511 99,927 91,126 165,200 139,218 400,901 153,467 73,691 114,713 38,321 14,971 2,421 315,417 0 1,377 4,254 2,985 3,608 9,384 11,781 13,417 6,597 6,985 14,011 13,885 50,706 34,005 25,653 59,244 33,383 19,601 4,542 4,051 0 43 137 66 88 125 134 118 175 83 186 147 411 368 94 215 747 913 0 Excess Exemptions & Deductions 482,688 81,539 0 13,109 27,583 8,255 5,604 8,230 4,250 3,192 1,498 867 2,255 960 3,183 1,163 486 750 155 0 0 790,269 231,195 190,928 121,162 225,348 5,326 5,537 5,035 2,341 2,821 211 365 0 0 0 0 0 0 0 0 0 0 0 0 22,772 12,578 3,463 1,994 4,462 154 55 40 18 7 1 0 599,039 57,332 87,260 82,205 355,344 3,491 3,665 4,043 2,123 2,895 251 434 12,079 1,272 1,382 1,437 7,256 206 108 170 88 139 12 9 44,198 4,752 6,306 5,499 25,473 480 554 621 198 281 18 17 112,807 14,913 14,511 11,853 41,874 15,011 5,164 4,444 2,142 1,793 289 813 4,775 257 257 183 1,082 970 549 359 318 430 107 264 9,977 3,883 3,084 580 1,616 82 60 165 6 501 0 0 401,149 221,052 83,726 27,480 45,569 15,118 3,179 2,224 1,247 952 201 400 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.13b Exemptions & Deductions By Gross Income Level: All Filers < 65 (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 3,086.3 2,380.6 0.0 210.0 338.4 154.1 144.8 254.6 199.1 167.4 75.2 70.8 125.6 104.9 295.2 108.9 46.6 60.0 17.3 6.7 1.1 Returns with Exemptions Blind or Dependent Aged Disabled Children 0.0 50.2 1,313.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28.5 0.0 1.6 5.2 2.5 2.3 4.2 3.3 2.4 1.0 0.8 1.3 0.9 1.9 0.5 0.2 0.2 0.1 0.0 0.0 1,064.3 0.0 8.2 135.6 57.8 52.0 95.0 84.4 79.6 38.2 37.3 69.0 60.6 185.2 71.9 31.4 41.1 11.8 4.5 0.8 College Student 160.3 149.838 0.0 0.3 9.0 5.1 4.9 10.5 10.3 10.5 5.5 5.5 10.8 10.2 35.8 15.4 6.2 7.2 1.8 0.7 0.1 Other Dependents 133.8 109.4 0.0 1.9 18.6 8.7 8.0 14.1 10.4 8.3 3.6 3.4 5.9 4.9 13.2 4.7 1.8 1.6 0.3 0.1 0.0 Returns with Deductions Medical Alimony Qualified Expenses Paid Conservation 732.5 20.5 1.5 701.4 0.0 39.1 91.3 47.4 45.7 84.7 69.9 58.9 26.1 23.8 41.9 34.2 86.3 25.5 9.8 12.0 3.5 1.3 0.2 19.6 0.0 0.3 0.8 0.5 0.6 1.4 1.6 1.6 0.7 0.7 1.4 1.2 3.6 1.7 1.0 1.6 0.6 0.2 0.0 1.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Excess Exemptions & Deductions 202.2 11.3 0.0 3.4 4.5 1.1 0.7 0.8 0.3 0.2 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 705.7 220.0 181.5 112.2 175.6 4.4 4.6 3.9 1.6 1.6 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.8 12.0 3.3 1.9 4.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 248.8 25.0 38.5 36.6 142.4 1.3 1.5 1.6 0.8 1.0 0.1 0.1 10.4 1.1 1.2 1.3 6.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 24.4 2.7 3.6 3.1 13.9 0.3 0.3 0.3 0.1 0.1 0.0 0.0 31.2 6.2 5.7 4.4 11.3 1.3 1.0 0.8 0.3 0.3 0.0 0.0 0.9 0.3 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.1 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 190.9 143.2 28.5 9.1 9.2 0.8 0.1 0.0 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.14a Exemptions & Deductions By Gross Income Level: Married Filing Joint (Amounts, $000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 2,920,934 2,526,734 0 0 176,174 90,494 92,212 192,572 201,426 206,152 102,226 101,464 192,318 172,786 533,250 207,286 90,132 117,504 34,664 13,692 2,382 Aged 422,415 216,598 0 0 47,564 19,264 16,788 26,955 20,165 15,007 5,965 5,489 8,892 7,159 19,353 8,086 4,410 7,229 2,743 1,276 253 Number of Exemptions Blind or Dependent Disabled Children 51,260 2,372,049 31,352 0 0 6,146 2,999 2,777 4,916 3,764 2,766 1,114 927 1,433 1,027 2,191 624 232 325 87 21 3 2,218,286 0 0 112,238 61,293 64,616 144,561 163,553 176,667 89,804 90,188 173,576 158,406 506,963 203,327 91,755 125,213 38,280 15,158 2,693 College Student 150,184 145975 0 0 4,098 2,563 2,747 6,598 7,990 9,328 5,245 5,444 11,292 10,948 41,680 18,595 7,548 8,680 2,231 845 143 Other Dependents 105,596 99,144 0 0 5,103 3,177 3,533 8,100 8,354 8,591 4,134 4,260 7,748 7,247 22,715 9,083 3,359 3,017 531 177 20 Deduction Amount $000s Medical Alimony Qualified Expenses Paid Conservation 2,594,166 133,383 10,062 2,396,732 0 0 208,565 111,592 112,144 223,144 217,474 200,004 92,211 86,939 159,429 138,199 417,337 164,130 80,402 124,216 41,664 16,707 2,573 131,293 0 0 1,131 654 863 1,774 2,302 3,051 1,598 1,525 3,946 4,010 20,177 16,103 12,508 28,469 18,265 11,367 3,552 4,902 0 0 69 9 38 75 77 84 118 26 112 124 426 447 200 520 1,800 776 0 Excess Exemptions & Deductions 609,141 92,065 0 0 45,516 10,400 7,377 7,648 4,656 3,482 1,213 1,037 1,875 1,150 5,280 1,343 427 411 248 0 0 394,200 116,802 50,064 39,162 174,492 4,326 2,134 2,550 1,678 2,460 188 344 205,817 88,857 28,626 19,079 66,518 2,155 259 167 94 42 8 12 19,908 8,185 2,722 1,786 6,763 290 73 56 25 7 1 0 153,764 14,295 14,600 15,684 97,952 2,048 1,688 2,475 1,736 2,639 231 419 4,209 546 394 382 2,403 134 44 91 68 127 10 10 6,452 1,089 666 572 3,404 125 99 168 92 215 14 11 197,434 25,702 24,051 18,374 81,651 29,815 6,109 4,691 3,406 2,320 520 795 2,090 105 134 121 456 480 417 198 20 130 0 30 5,161 1,404 300 563 1,149 45 28 775 0 501 0 397 517,077 255,773 87,371 38,800 87,878 30,964 5,952 4,628 2,724 1,768 416 802 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.14b Exemptions & Deductions By Gross Income Level: Married Filing Joint (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 1,460.5 1,263.4 0.0 0.0 88.1 45.2 46.1 96.3 100.7 103.1 51.1 50.7 96.2 86.4 266.6 103.6 45.1 58.8 17.3 6.8 1.2 Returns with Exemptions Blind or Dependent Aged Disabled Children 248.5 48.5 821.3 136.0 0.0 0.0 28.1 11.7 10.4 16.9 12.9 9.7 3.9 3.6 5.9 4.8 12.8 5.3 2.8 4.5 1.7 0.8 0.2 30.6 0.0 0.0 5.9 2.9 2.7 4.8 3.7 2.7 1.1 0.9 1.4 1.0 2.1 0.6 0.2 0.3 0.1 0.0 0.0 766.9 0.0 0.0 39.6 21.6 22.7 50.9 57.3 61.9 31.6 31.7 60.9 55.4 176.3 69.8 30.6 39.9 11.5 4.4 0.7 College Student 124.5 120.891 0.0 0.0 3.5 2.2 2.3 5.6 6.8 7.9 4.4 4.6 9.4 9.2 34.3 15.0 6.0 7.0 1.8 0.7 0.1 Other Dependents 53.8 50.3 0.0 0.0 2.7 1.7 1.9 4.2 4.3 4.3 2.1 2.2 4.0 3.7 11.4 4.3 1.6 1.5 0.3 0.1 0.0 Returns with Deductions Medical Alimony Qualified Expenses Paid Conservation 523.5 8.5 0.8 490.0 0.0 0.0 46.3 24.3 24.1 49.6 49.3 46.8 21.7 20.5 37.2 31.6 84.6 26.1 10.2 12.6 3.6 1.4 0.2 8.0 0.0 0.0 0.2 0.1 0.2 0.3 0.4 0.4 0.2 0.2 0.5 0.5 1.8 1.0 0.6 1.0 0.4 0.2 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Excess Exemptions & Deductions 113.6 11.7 0.0 0.0 7.5 1.5 0.9 0.8 0.3 0.2 0.1 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 197.1 58.4 25.0 19.6 87.2 2.2 1.1 1.3 0.8 1.2 0.1 0.2 112.5 47.2 15.6 10.6 37.5 1.2 0.2 0.1 0.1 0.0 0.0 0.0 17.9 7.0 2.5 1.7 6.4 0.3 0.1 0.1 0.0 0.0 0.0 0.0 54.4 5.6 5.5 5.9 33.6 0.7 0.6 0.9 0.6 0.9 0.1 0.1 3.6 0.5 0.3 0.3 2.0 0.1 0.0 0.1 0.1 0.1 0.0 0.0 3.6 0.6 0.4 0.3 1.9 0.1 0.1 0.1 0.0 0.1 0.0 0.0 33.5 6.6 4.9 3.6 15.4 1.8 0.4 0.4 0.2 0.2 0.0 0.0 0.5 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 101.9 58.4 20.7 8.1 12.8 1.7 0.1 0.1 0.0 0.0 0.0 0.0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.15a Exemptions & Deductions By Gross Income Level: Single Filers Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 1,492,847 965,422 0 236,774 185,989 82,499 76,577 123,907 78,620 52,073 19,629 16,622 25,158 16,975 31,332 8,498 3,694 4,949 1,424 602 100 Aged 218,563 91,493 0 33,063 19,806 6,867 5,316 7,618 4,700 3,036 1,111 984 1,625 1,194 2,927 1,159 586 987 339 145 30 Number of Exemptions Blind or Dependent Disabled Children 22,289 67,317 5,913 0 2,478 1,287 427 327 472 275 161 64 61 74 54 135 34 24 27 7 6 0 52,854 0 13,677 11,076 3,872 3,221 5,330 3,836 2,766 1,002 941 1,539 1,149 2,556 821 399 528 80 51 14 College Student 2,533 2293 0 261 304 135 117 264 239 186 73 77 133 117 219 72 41 46 5 1 3 Other Dependents 17,910 14,946 0 3,384 3,461 1,347 1,161 1,836 1,169 692 281 246 353 266 477 135 60 56 12 6 8 Deduction Amount $000s Medical Alimony Qualified Expenses Paid Conservation 965,778 137,697 8,398 827,728 0 170,615 160,215 68,137 61,232 98,595 67,391 47,023 17,755 15,449 24,363 17,312 38,960 15,123 6,783 13,561 3,879 1,058 276 134,268 0 1,953 3,412 2,210 2,468 5,958 7,061 7,948 3,420 3,555 7,092 6,371 20,140 11,466 9,659 21,114 11,657 7,629 1,152 2,170 0 46 47 19 30 33 41 18 51 42 66 16 40 32 0 0 1,022 668 0 Excess Exemptions & Deductions 498,232 76,888 0 34,649 11,122 3,707 2,853 4,923 3,417 3,276 1,327 988 2,407 1,300 3,555 1,313 484 980 586 0 0 527,425 274,969 157,469 82,592 4,368 2,769 2,658 1,737 540 275 24 24 127,070 90,447 20,976 12,437 2,587 361 149 71 28 11 2 1 16,376 12,257 2,489 1,246 266 73 27 9 5 4 0 0 14,463 4,247 5,615 4,199 129 83 72 66 30 18 6 0 240 84 77 61 6 2 1 3 4 2 0 0 2,964 918 1,014 792 56 66 66 36 11 6 0 0 138,050 37,990 24,250 16,767 30,945 12,033 7,131 5,106 2,648 1,166 3 12 3,429 480 353 209 996 630 256 109 133 173 0 90 6,229 4,535 1,117 512 17 48 0 0 0 0 0 0 421,344 319,804 32,816 13,453 28,644 12,075 6,381 4,575 2,490 1,104 0 0 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 2.15b Exemptions & Deductions By Gross Income Level: Single Filers (Returns, 000s) Gross Income Level All Returns Taxable Returns < 10,000 10,000 < 20,000 20,000 < 30,000 30,000 < 35,000 35,000 < 40,000 40,000 < 50,000 50,000 < 60,000 60,000 < 70,000 70,000 < 75,000 75,000 < 80,000 80,000 < 90,000 90,000 < 100,000 100,000 < 150,000 150,000 < 200,000 200,000 < 250,000 250,000 < 500,000 500,000 < 1,000,000 1,000,000 < 3,000,000 at least 3,000,000 Non-Taxable Returns at most 3,750 3,750+ < 7,500 7,500+ < 10,000 10,000 < 20,000 20,000 < 35,000 35,000 < 50,000 50,000 < 75,000 75,000 < 100,000 100,000 < 200,000 200,000 < 250,000 at least 250,000 Regular 1,492.8 965.4 0.0 236.8 186.0 82.5 76.6 123.9 78.6 52.1 19.6 16.6 25.2 17.0 31.3 8.5 3.7 4.9 1.4 0.6 0.1 Returns with Exemptions Blind or Dependent Aged Disabled Children 218.6 22.3 34.8 91.5 0.0 33.1 19.8 6.9 5.3 7.6 4.7 3.0 1.1 1.0 1.6 1.2 2.9 1.2 0.6 1.0 0.3 0.1 0.0 5.9 0.0 2.5 1.3 0.4 0.3 0.5 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 27.1 0.0 7.1 5.6 2.0 1.7 2.8 2.0 1.5 0.5 0.5 0.8 0.6 1.3 0.4 0.2 0.2 0.0 0.0 0.0 College Student 2.3 2.112 0.0 0.2 0.3 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Other Dependents 9.9 8.2 0.0 1.9 1.9 0.7 0.6 1.0 0.6 0.4 0.2 0.1 0.2 0.1 0.3 0.1 0.0 0.0 0.0 0.0 0.0 Returns with Deductions Medical Alimony Qualified Expenses Paid Conservation 296.6 9.6 0.7 262.5 0.0 64.2 56.5 24.2 21.1 33.5 20.7 13.1 4.7 3.9 5.8 3.8 6.9 1.9 0.8 1.1 0.3 0.1 0.0 8.7 0.0 0.5 0.6 0.3 0.4 0.8 0.9 0.8 0.4 0.3 0.6 0.5 1.2 0.5 0.3 0.5 0.2 0.1 0.0 0.4 0.0 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Excess Exemptions & Deductions 225.6 11.2 0.0 8.2 1.6 0.3 0.2 0.3 0.2 0.1 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 527.4 275.0 157.5 82.6 4.4 2.8 2.7 1.7 0.5 0.3 0.0 0.0 127.1 90.4 21.0 12.4 2.6 0.4 0.1 0.1 0.0 0.0 0.0 0.0 16.4 12.3 2.5 1.2 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 7.7 2.2 3.0 2.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.5 0.6 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34.1 15.1 8.3 5.6 3.4 0.8 0.6 0.3 0.1 0.0 0.0 0.0 0.9 0.4 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 214.4 199.3 8.9 2.7 2.8 0.5 0.1 0.1 0.0 0.0 0.0 0.0 Table 3.1 Amount of Net Charged Tax by Gross Income Level ($000s) Taxable Returns Tax Before Credit 0 42,124 185,725 272,749 543,837 597,374 1,810,561 471,947 3,103,562 7,027,880 Credit for Taxes Paid to Other Jurisdictions 0 1,430 7,430 20,739 62,109 79,940 300,254 93,705 788,225 1,353,833 Property Tax Credit 0 4,369 13,811 7,265 4,742 1,499 1,560 189 407 33,840 New Jersey Earned Income Credit 0 17 8 0 0 0 0 3 0 30 Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Variance 0.0 (0.0) (0.4) 0.1 1.0 (0.0) 0.6 0.1 0.1 1.6 Net Charged Tax 0 36,428 164,801 245,265 477,712 516,367 1,509,161 378,082 2,314,967 5,642,782 All Returns Tax Before Credit 26,068 75,244 187,165 275,902 548,951 600,915 1,817,852 473,209 3,110,842 7,116,149 Credit for Taxes Paid to Other Jurisdictions 0 1,636 8,871 23,892 67,225 83,482 307,546 94,967 795,505 1,383,123 Property Tax Credit 0 4,434 13,942 7,403 4,864 1,547 1,610 193 414 34,407 New Jersey Earned Income Credit 36,875 77,039 8 0 0 0 0 3 0 113,926 Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total Variance (0.5) (0.6) (0.4) 0.1 1.0 (0.0) 0.6 0.1 0.1 0.5 Net Charged Tax 0 36,428 164,801 245,265 477,712 516,367 1,509,161 378,082 2,314,967 5,642,782 Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 3.2 Average Tax and Effective rate By Gross Income Level All Returns Gross Income Returns Amount (000s) ($000s) 722.9 463.7 569.3 446.9 482.5 321.6 428.5 50.2 94.2 3,579.8 2,866,757 6,870,956 15,496,183 18,813,593 29,703,417 27,841,303 57,616,605 11,155,104 56,004,335 226,368,253 Average ($) 3,966 14,818 27,218 42,101 61,558 86,574 134,451 222,067 594,526 63,234 Returns (000s) 0.0 243.9 563.4 441.9 478.5 319.9 426.9 50.1 94.0 2,618.5 Charged Tax Amount ($000s) 0 40,694 178,294 252,011 481,728 517,434 1,510,308 378,242 2,315,337 5,674,049 Average ($) Effective Rate on Gross Income Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total 167 316 570 1,007 1,617 3,538 7,549 24,634 2,167 1.1% 1.2% 1.4% 1.6% 1.9% 2.6% 3.4% 4.1% 3.4% Taxable Returns Gross Income Returns Amount (000s) ($000s) 0.0 243.9 563.4 441.9 478.5 319.9 426.9 50.1 94.0 2,618.5 0 3,589,942 15,334,930 18,606,357 29,457,886 27,699,780 57,399,301 11,126,801 55,875,325 219,090,323 Average ($) Returns (000s) 0.0 243.9 563.4 441.9 478.5 319.9 426.9 50.1 94.0 2,618.5 Charged Tax Amount ($000s) 0 40,694 178,294 252,011 481,728 517,434 1,510,308 378,242 2,315,337 5,674,049 Average ($) Effective Rate on Gross Income Gross Income Level Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total 14,721 27,219 42,105 61,565 86,577 134,467 222,070 594,482 83,669 167 316 570 1,007 1,617 3,538 7,549 24,634 2,167 1.1% 1.2% 1.4% 1.6% 1.9% 2.6% 3.4% 4.1% 2.6% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 3.3 Tax Payment Analysis: Taxable and Non-Taxable Returns ($ millions) Tax Payment Components Amounts ($000,000) NonTaxable taxable 4,617.0 1,169.7 768.5 6,555.2 792.0 170.4 962.4 74.3 9.9 0.0 84.2 190.1 3.7 193.7 Total 4,691.2 1,179.6 768.5 6,639.4 982.1 174.1 1,156.2 Percent of Gross Income NonTaxable taxable 2.1% 0.5% 0.4% 3.0% 0.4% 0.1% 0.4% 1.0% 0.1% 0.0% 1.2% 2.6% 0.1% 2.7% Total 2.1% 0.5% 0.3% 3.0% 0.4% 0.1% 0.5% Taxes Withheld Estimated Payments and Credits Applied Cash Payments/Receivables Gross Collections less: Refunds Issued Credits Forward Approved Gross Outflows Charged Tax less: Property Tax Credit Earned Income Credit Net charged Tax 5,592.7 33.8 0.0 5,558.9 (109.5) 0.6 113.9 (224.0) 5,483.2 34.4 113.9 5,334.9 2.6% 0.0% 0.0% 2.5% -1.5% 0.0% 1.6% -3.1% 2.5% 0.0% 0.1% 2.4% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 3.4 Tax Payment Analysis By Filing Status ($ millions) Component Amounts Single Taxes Withheld Estimated Payments and Credits Applied Cash Payments/Receivables Gross Collections Refunds Issued Credits Approved Gross Outflows Charged Tax Property Tax Credit Earned Income Credit Net Charged Tax 929.6 179.7 131.1 1,240.4 200.2 29.0 229.2 1,011.1 13.8 0.0 997.3 Married, Filing: Jointly Separately 3,326.8 952.7 598.9 4,878.4 529.8 137.6 667.4 4,210.9 11.3 20.9 4178.7 62.1 19.1 14.8 96.1 10.1 2.6 12.7 83.4 0.3 0.0 83.2 Head of Household 368.7 27.1 22.8 418.6 240.3 4.7 245.0 173.6 9.0 92.8 71.9 Surviving Spouse 4.0 1.0 1.0 6.0 1.6 0.2 1.8 4.1 0.0 0.2 3.9 Total 4,691.2 1,179.6 768.5 6,639.4 982.1 174.1 1,156.2 5,483.2 34.4 113.9 5334.9 Component Percent of Gross Income Taxes Withheld Estimated Payments and Credits Applied Cash Payments/Receivables Gross Collections Refunds Issued Credits Approved Gross Outflows Charged Tax Property Tax Credit Earned Income Credit Net Charged Tax Single 2.0% 0.4% 0.3% 2.7% 0.4% 0.1% 0.5% 2.2% 0.0% 0.0% 2.2% Married, Filing: Jointly Separately 2.1% 0.6% 0.4% 3.1% 0.3% 0.1% 0.4% 2.7% 0.0% 0.0% 2.7% 2.0% 0.6% 0.5% 3.2% 0.3% 0.1% 0.4% 2.7% 0.0% 0.0% 2.7% Head of Household 1.9% 0.1% 0.1% 2.2% 1.3% 0.0% 1.3% 0.9% 0.0% 0.5% 1.0% Surviving Spouse 1.7% 0.4% 0.4% 2.5% 0.7% 0.1% 0.8% 1.8% 0.0% 0.1% 1.8% Total 2.1% 0.5% 0.3% 2.9% 0.4% 0.1% 0.5% 2.4% 0.0% 0.1% 2.4% Statistics of Income 2005: New Jersey Income Tax Returns for 2003 Table 3.5 Income Tax Effect of Property Tax Deduction and Credit By Tax Rate Schedule Type Property Tax Deduction Multi-filer Brackets New Jersey Taxable Income Affected Returns (000s) Deduction Amount ($m) Liability Decrease ($m) Single-filer Brackets Affected Returns (000s) Deduction Amount ($m) Liability Decrease ($m) Affected Returns (000s) All Returns Deduction Amount ($m) Liability Decrease ($m) Under $10,000 10,000 - 20,000 20,000 - 35,000 35,000 - 50,000 50,000 - 75,000 75,000 - 100,000 100,000 - 200,000 200,000 - 250,000 at least 250,000 Total 0.0 0.0 76.6 99.9 214.5 220.7 341.4 40.6 73.9 1,067.6 Property Tax Credit 0.0 0.