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					Table 2. Individual Income and Tax Data, by State
And Size of Adjusted Gross Income, Tax Year 2007*
[Money amounts are in thousands of dollars]

                                                                                                                      Size of adjusted gross income

                                              Item                    All returns                           $50,000             $75,000           $100,000
                                                                                           Under                                                                     $200,000
                                                                                                             under               under             under
                                                                                         $50,000 [1]                                                                  or more
                                                                                                            $75,000            $100,000           $200,000

                                                                          (1)                (2)              (3)                  (4)                (5)               (6)
                                          INDIANA
Number of returns                                                         3,243,323          2,245,046          438,188              262,090            239,270               58,729
   Number of joint returns                                                1,265,456            480,241          296,770              221,968            214,674               51,803
   Number with paid preparer's signature                                  1,774,371          1,173,039          260,763              152,582            141,799               46,188
Number of exemptions                                                      6,326,033          3,612,213        1,099,143              734,800            703,442           176,435
Adjusted gross income (AGI) [2]                                        150,941,776          40,179,141       27,004,605           22,592,517          31,045,930       30,119,583
   Salaries and wages in AGI: [3] Number                                  2,620,565          1,705,456          400,815              242,671            220,834               50,789
      Amount                                                           109,316,828          33,258,047       21,859,035           18,259,253          23,737,467       12,203,025
   Taxable interest: Number                                               1,351,121            673,422          244,440              180,580            196,310               56,369
      Amount                                                              3,592,563          1,037,565          449,812              363,116            600,177         1,141,892
   Ordinary dividends: Number                                               622,130            266,524          108,219                  87,313         114,577               45,497
      Amount                                                              2,989,478            428,420          266,373              254,781            560,391         1,479,513
   Business or profession net income (less loss): Number                    396,285            222,125              68,529               44,202             45,882            15,547
      Amount                                                              4,000,389          1,162,146          527,472              426,907            845,460         1,038,402
   Number of farm returns                                                       56,931             28,543           11,612                7,598              7,032             2,146
   Net capital gain (less loss) in AGI: Number                              500,853            206,217              84,408               68,878             96,935            44,415
      Amount                                                              9,067,018            575,356          357,122              409,120           1,130,110        6,595,309
   Taxable individual retirement arrangements distributions: Number         258,945            141,214              47,129               31,592             31,258             7,752
      Amount                                                              3,107,250            870,268          561,167              527,049            786,550           362,216
   Taxable pensions and annuities in AGI: Number                            636,076            389,805          104,244                  66,382             62,686            12,959
      Amount                                                              9,122,529          3,840,460        1,787,838            1,345,878           1,653,109          495,242
   Unemployment compensation: [4] Number                                    191,356            128,168              35,377               17,215              9,971              625
      Amount                                                                690,993            455,611          128,679                  64,045             39,753             2,907
   Taxable Social Security benefits in AGI: Number                          319,088            157,749              73,258               41,707             35,858            10,516
      Amount                                                              3,482,562            741,275          986,029              721,513            678,470           355,275
   Self-employment retirement plans: Number                                     15,461              1,757            1,419                1,667              4,682             5,936
      Amount                                                                264,984                 8,874            9,675               13,632             65,619        167,183
Total itemized deductions: [5] Number                                       937,291            285,062          215,812              177,312            202,924               56,181
   Amount                                                                18,995,143          4,056,821        3,425,760            3,217,470           4,729,335        3,565,757
   State and local income taxes: Number                                     894,473            251,426          211,388              175,191            200,928               55,540
      Amount                                                              4,045,669            404,313          567,616              650,710           1,129,625        1,293,404
   State and local general sales tax: Number                                    37,959             28,352            4,618                2,314              2,020              655
      Amount                                                                    44,656             21,523            8,527                5,447              6,352             2,805
   Real estate taxes: Number                                                847,247            236,870          196,527              166,876            193,361               53,613
      Amount                                                              1,990,442            398,695          347,854              344,162            554,855           344,878
   Taxes paid: Number                                                       939,402            285,592          216,624              177,794            203,159               56,233
      Amount                                                              6,371,867            895,980          974,187            1,052,303           1,767,307        1,682,089
   Mortgage interest paid: Number                                           816,203            227,252          194,362              164,097            184,557               45,935
      Amount                                                              7,164,825          1,589,323        1,487,704            1,381,210           1,824,392          882,198
   Contributions: Number                                                    727,554            180,521          163,947              146,880            182,743               53,463
      Amount                                                              3,077,544            370,248          417,053              431,882            756,226         1,102,135
Taxable income: Number                                                    2,312,149          1,315,746          436,818              261,813            239,099               58,673
   Amount                                                              101,657,576          18,264,864       17,695,861           15,998,990          23,549,524       26,148,337
Total tax credits: [6] Number                                               973,710            471,610          211,872              144,023            116,996               29,209
   Amount                                                                 1,128,907            345,044          328,287              243,361            134,456               77,759
   Residential energy tax credit: Number                                    106,788                30,389           28,664               21,887             21,845             4,003
      Amount                                                                    20,728              5,439            5,398                4,291              4,601             1,000
   Child tax credit: Number                                                 597,946            272,647          155,831              102,052                67,387               29
      Amount                                                                777,999            237,859          259,919              180,662                99,532               27
   Child and dependent care credit: Number                                  120,430                40,026           29,274               24,301             23,486             3,343
      Amount                                                                    59,200             19,675           13,972               12,347             11,607             1,598
Earned income credit: [7] Number                                            492,353            492,353                   0                   0                  0                 0
   Amount                                                                   933,890            933,890                   0                   0                  0                 0
   Excess earned income credit (refundable): [8] Number                     436,790            436,790                   0                   0                  0                 0
      Amount                                                                839,177            839,176                   0                   0                  0                 0
Alternative minimum tax: Number                                                 46,757               515              969                 1,126              8,618            35,529
      Amount                                                                207,475                 1,625            1,341                1,895             16,555        186,058
Income tax: [9] Number                                                    2,074,176          1,098,224          418,513              259,971            238,789               58,679
   Amount                                                                17,043,268          1,888,609        2,156,032            2,100,354           4,037,653        6,860,622
Total tax liability: [10] Number                                          2,207,404          1,225,295          423,788              260,651            238,964               58,706
   Amount                                                                17,930,865          2,173,354        2,292,497            2,212,357           4,225,209        7,027,448
Tax due at time of filing: [11] Number                                      488,180            223,511              90,812               57,913             84,803            31,141
   Amount                                                                 2,026,256            203,186          174,597              153,097            396,781         1,098,595
Overpayments refunded: [12] Number                                        2,406,216          1,706,791          339,155              198,253            144,421               17,596
Amount   5,509,081   3,021,611   948,691   679,625   603,683   255,471
* - Data for Tax Year 2007 includes returns that were filed by individuals only to
receive the economic stimulus payment and who had no other reason to file.
This may affect the data for various items shown in the table such as the total
number of returns filed (including joint and paid preparer returns), number of
exemptions, salaries and wages, and adjusted gross income.

** - Not shown to avoid disclosure of information about specific taxpayers.
However, the data are combined with data in an adjacent size class, as
appropriate, and included in the appropriate totals.

[1] Includes returns with adjusted gross deficit.
[2] Less deficit.

[3] "Number," here, and elsewhere in Table 2, represents number of returns,
unless otherwise specified.

[4] Includes the Alaskan permanent fund, reported by residents of Alaska on
Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals,
and the state of Alaska.
[5] "Itemized deductions" include any amounts reported by the taxpayer, even if
they could not be used in computing "taxable income," the base on which the
regular income tax was computed. Thus, total itemized deductions include
amounts that did not have to be reported by taxpayers with no "adjusted gross
income." (Adjusted gross income is the total from which these deductions would
normally be subtracted.) In addition, if standard and itemized deductions were
both reported on a tax return, the form of deduction actually used in computing
income tax was the one used for the statistics. Therefore, if the standard
deduction was the form of deduction used, the total reported for itemized
deductions was excluded from the statistics. However, the component
deductions were not similarly excluded. As a result, the number of returns and
related amounts for the component deductions are slightly overstated in relation
to the grand total shown for itemized deductions. These components are also
overstated in relation to the total because there was a statutory limitation on the
total of itemized deductions that could be claimed by certain high-income
taxpayers. This limitation did not affect the component deductions, the sum
of which therefore exceeded the total used in computing income tax.

[6] Unlike Table 1, Table 2's "Total tax credits" excludes the "earned income
credit" which is shown separately below in the table.
[7] "Earned income credit" includes both the refundable and non-refundable
portions. The non-refundable portion could reduce income tax and certain
related taxes to zero. The earned income credit amounts in excess of total tax
liability, or amounts when there was no tax liability at all, were refundable. See
footnote 8 below for explanation of the refundable portion of the earned income
credit.

[8] The refundable portion of the "earned income credit" equals "total income tax"
minus the "earned income credit". If the result is negative, this amount is considered
the refundable portion.
[9] "Income tax" is in general, the same as "income tax after credits" which was
redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Table
2 "Income tax" differs from "total income tax" (in Tables 1 and 3) in that Table 2
"Income tax" is after the subtraction of all tax credits except the earned income
credit. See footnotes 7 and 8 above, for an explanation of the treatment of the
earned income credit. "Income tax" reflects the amount reported on the tax return
and is, therefore, before any examination or enforcement activities by the Internal
Revenue Service. It represents the tax filer reported income tax liability that was
payable to the U.S. Department of the Treasury.

[10] For Table 2, "Total tax liability" differs from "Income tax," in that "Total tax
liability" includes the taxes from recapture of certain prior-year credits, tax
applicable to individual retirement arrangements (IRA's), Social Security taxes on
self-employment income and on certain tip income, advanced earned income
payments, household employment taxes, and certain "other taxes" listed in the
Form 1040 instructions.

[11] Reflects payments to or withholdings made to "Total tax liability" (footnote
10). The amount the tax filer owes when the income tax return is filed.

[12] The amount of overpayments the tax filer requested to have refunded.

[13] Includes, for example, returns filed from Army Post
Office and Fleet Post Office addresses by members of the armed forces
stationed overseas; returns filed by other U.S. citizens abroad; and returns filed by
residents of Puerto Rico with income from sources outside Puerto Rico or with
income earned as U.S. government employees.

NOTE: This table presents aggregates of all returns filed and processed through
the Individual Master File (IMF) system during Calendar Year 2008, including any
returns filed for tax years preceding 2007.

In general, during administrative or Master File processing, taxpayer reporting
discrepancies are corrected only to the extent necessary to verify the total tax
liability reported. Most of the other corrections to the taxpayer records used for
these statistics could not be made because of time and resource constraints.
The statistics in Table 2 should, therefore, be used with the knowledge that some
of the data have not been perfected or edited for statistical purposes and that
U.S. totals in this table may not be altogether comparable to U.S. totals in Tables
1 and 3, as a result. Also, see footnote 13, above for differences in tax return
coverage, which affects U.S. totals in this table.
Classification by State was usually based on the taxpayer's home address.
However, some taxpayers may have used the address of a tax lawyer, or
accountant, or the address of a place of business; moreover, such addresses
could each have been located in a State other than the State in which the
taxpayer resided.

For explanation of the tax law changes which could affect the year-to-year
analysis of data, refer to the respective years' "Individual Income Tax Returns,
Preliminary Data" article published in the SOI Spring Bulletin. For further
explanation of the tax terms, refer to the respective years' "Individual Income Tax
Returns," Publication 1304.

Note: Detail may not add to totals because of rounding.

SOURCE: IRS, Statistics of Income Division, Individual Master File System,
May 2009.

				
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