County income ranks fifth in state | TahoeDailyTribune.com
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County income ranks fifth in state

by Mike Pottage

El Dorado County residents had some of the highest incomes in California during 1996, according to a review of state tax returns by the Franchise Tax Board.

The latest statistical analysis revealed 27,385 joint income tax returns reported a median income at $50,559, 10th highest among California’s 58 counties.

El Dorado’s 144,700 residents filed a total of 48,612 returns that year, reporting $2.17 billion in income. Median income on joint and single returns was $31,752, placing the county fifth.

El Dorado residents paid $76.3 million in state income taxes that year.

The state median on both joint and single returns was $25,336 and total adjusted gross income was $603.8 billion. The state collected $21.2 billion. Income statewide increased 7.5 percent over 1995, according to the tax board.

Northern California continued to lead the income figures. Marin County reported median income on all returns at $34,654 and $72,953 on all joint returns. Contra Costa, Santa Clara and San Mateo all ranked in the top five in both income categories. This has been a consistent pattern for the past 25 years, according to Franchise Tax Board officials.

Los Angeles County accounted for more than 26 percent of all income tax returns in California, and median incomes were $22,158 on all returns and $40,620 on joint returns, ranking the area 35th and 26th respectively.

Median income on all returns from Sacramento County was $27,277, placing the area 12th. Joint return median was $47,945, or 13th in the state.

Placer County’s $51,770 exceeded El Dorado on joint returns, but its $29,623 median on all returns ranked it eighth.

Tahoe Daily Tribune E-mail: tribune@tahoe.com

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