IRS Income Data for Adams, MA 01220
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 24% | 29% | 15% | 7% | 6% | 1% |
| Number of returns | 787 | 1,041 | 1,221 | 626 | 317 | 246 | 33 |
| Number of joint returns | 61 | 173 | 336 | 395 | 270 | 225 | 29 |
| Number of returns from paid preparer | 355 | 554 | 693 | 384 | 210 | 159 | 31 |
| Total number of exemptions | 766 | 1,540 | 2,073 | 1,423 | 844 | 726 | 85 |
| Total number of dependents | 122 | 254 | 328 | 235 | 148 | 134 | 12 |
| Adjusted gross income | $4,568 | $17,261 | $36,325 | $61,383 | $85,937 | $127,425 | $356,318 |
| Salaries and wages | $4,159 | $12,371 | $28,628 | $46,954 | $71,036 | $93,363 | $134,189 |
| Taxable interest | $254 | $642 | $868 | $1,399 | $1,713 | $4,365 | $12,424 |
| Ordinary dividends | $124 | $293 | $585 | $1,112 | $1,357 | $3,359 | $26,255 |
| Business or professional net income | $176 | $418 | $544 | $958 | $2,082 | $3,382 | $0 |
| Net capital gain | $-33 | $1 | $134 | $592 | $628 | $2,148 | $43,895 |
| Taxable individual retirement account distributions | $169 | $495 | $805 | $1,552 | $1,754 | $4,030 | $0 |
| Taxable pensions and annuities | $619 | $2,501 | $3,346 | $5,597 | $4,694 | $11,352 | $12,238 |
| Unemployment compensation | $136 | $583 | $713 | $655 | $447 | $425 | $0 |
| Taxable Social Security benefits | $0 | $103 | $985 | $2,894 | $2,146 | $3,442 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $397 | $919 | $2,639 | $6,182 | $10,072 | $15,192 | $39,994 |
| State and local income taxes | $16 | $65 | $389 | $1,199 | $2,528 | $4,779 | $14,617 |
| State and local general sales tax | $0 | $5 | $14 | $0 | $0 | $0 | $0 |
| Real estate taxes | $82 | $129 | $394 | $832 | $1,560 | $2,271 | $4,693 |
| Taxes paid | $107 | $207 | $831 | $2,116 | $4,262 | $7,336 | $19,703 |
| Mortgage interest paid | $133 | $209 | $1,095 | $2,281 | $3,752 | $4,717 | $8,718 |
| Contributions | $0 | $55 | $143 | $439 | $707 | $1,435 | $5,580 |
| Taxable income | $326 | $5,536 | $21,539 | $40,983 | $61,712 | $98,734 | $307,612 |
| Total tax credits | $0 | $72 | $293 | $594 | $808 | $595 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $28 | $201 | $419 | $501 | $426 | $0 |
| Child and dependent care credit | $0 | $7 | $21 | $32 | $43 | $82 | $0 |
| Earned income credit | $336 | $694 | $150 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $314 | $644 | $127 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,241 |
| Income tax | $34 | $519 | $2,419 | $5,164 | $8,084 | $16,634 | $67,644 |
| Total tax liability | $90 | $627 | $2,553 | $5,443 | $8,572 | $17,328 | $70,477 |
| Tax due at time of filing | $31 | $52 | $97 | $245 | $421 | $1,064 | $21,023 |
| Overpayments refunded | $-686 | $-1,711 | $-1,925 | $-2,197 | $-2,698 | $-2,672 | $0 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 9% | 10% | 14% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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