As mentioned previously, today is Tax Day, and District taxpayers paid the federal government $3.6 billion in individual income taxes for 2009, the most recent year for which data is available.
Here are some other facts and figures about District residents’ payments to Uncle Sam, courtesy of the IRS:
• 312,067 individual income tax returns were filed for 2009. Of those, 48,374 were joint filings — about 15.5 percent. More than 151,000 filers — about 48.6 percent — had a paid preparer sign their returns.
• D.C. residents reported an adjusted gross income of $23.2 billion. About 60 percent of filers reported an AGI of $50,000 or less. Filers with an AGI of $200,000 or more comprised 5.4 percent of the total but accounted for 39.6 percent of all reported income.
• About 47,000 filers reported capital gains or losses on their returns. Ninety-five percent of the reported gains were listed on returns filed by those with AGIs of $200,000 or more. About 70,000 filers reported income from ordinary dividends; 63.6 percent of that $435 million in dividends was reported by those with AGIs of $200,000 or more.
• 127,318 filers — 40.8 percent — claimed itemized deductions totaling $4.1 billion. Of that, $1.6 billion represented local taxes, $1.3 billion represented mortgage interest and $590 million represented charitable contributions. On average, city residents wrote off 2.5 percent of their adjusted gross income via tax-deductible donations.
• 16,133 filers paid the feared alternative minimum tax. Ninety-three percent of them reported AGIs of $200,000 or more.
• More than 53,000 filers claimed the earned income tax credit. keeping a combined $108 million in the pockets of low-income D.C. residents. That works out to about $2,039 each. Another 3,183 filers claimed the first-time homebuyer credit, saving themselves an aggregate $23 million.
• Upon filing their yearly returns, 57,359 owed additional tax totaling $246 million. And 236,857 filers were entitled to refunds totaling almost $771 million.
• In the end, District taxpayers paid $3.6 billion to Uncle Sam, making the city’s effective tax rate 15.5 percent.
• Those with AGIs under $50,000 represent 60.3 percent of filers and paid 7.2 percent of the city’s federal taxes; their effective rate was on average 6.2 percent.
• Those with AGIs of $200,000 or more represented 5.4 percent of filers and paid 55.6 percent of all federal income tax; their effective rate was on average 21.7 percent.