IRS Income Data for Westminster, MA 01473
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 15% | 19% | 15% | 13% | 18% | 3% |
| Number of returns | 658 | 556 | 721 | 549 | 480 | 660 | 101 |
| Number of joint returns | 50 | 96 | 205 | 286 | 398 | 613 | 96 |
| Number of returns from paid preparer | 291 | 291 | 401 | 325 | 291 | 409 | 80 |
| Total number of exemptions | 405 | 735 | 1,221 | 1,214 | 1,385 | 2,068 | 326 |
| Total number of dependents | 36 | 100 | 180 | 222 | 262 | 408 | 64 |
| Adjusted gross income | $3,440 | $17,045 | $36,722 | $62,137 | $87,187 | $131,216 | $365,076 |
| Salaries and wages | $4,154 | $11,287 | $28,460 | $48,066 | $70,790 | $113,371 | $220,299 |
| Taxable interest | $234 | $752 | $678 | $995 | $945 | $1,385 | $4,419 |
| Ordinary dividends | $180 | $336 | $397 | $543 | $977 | $1,171 | $4,523 |
| Business or professional net income | $324 | $1,397 | $2,265 | $4,244 | $3,540 | $3,577 | $9,116 |
| Net capital gain | $-62 | $-51 | $-11 | $594 | $31 | $481 | $21,710 |
| Taxable individual retirement account distributions | $113 | $838 | $960 | $1,583 | $1,624 | $2,190 | $0 |
| Taxable pensions and annuities | $224 | $1,909 | $3,245 | $4,650 | $5,941 | $6,098 | $9,000 |
| Unemployment compensation | $91 | $594 | $744 | $774 | $1,008 | $567 | $0 |
| Taxable Social Security benefits | $0 | $122 | $894 | $1,838 | $2,092 | $1,449 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $374 | $0 | $263 | $0 |
| Total itemized deductions | $2,250 | $2,684 | $5,775 | $11,998 | $16,413 | $24,884 | $43,410 |
| State and local income taxes | $151 | $256 | $675 | $1,939 | $3,255 | $6,220 | $16,869 |
| State and local general sales tax | $6 | $10 | $14 | $19 | $0 | $0 | $0 |
| Real estate taxes | $347 | $627 | $1,305 | $2,385 | $3,202 | $4,489 | $7,351 |
| Taxes paid | $512 | $916 | $2,015 | $4,483 | $6,723 | $11,038 | $24,693 |
| Mortgage interest paid | $760 | $1,030 | $2,483 | $5,580 | $7,394 | $10,350 | $14,653 |
| Contributions | $0 | $146 | $348 | $726 | $958 | $1,779 | $3,708 |
| Taxable income | $445 | $5,836 | $20,431 | $38,939 | $58,216 | $94,492 | $311,430 |
| Total tax credits | $0 | $83 | $281 | $590 | $1,011 | $562 | $88 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $18 | $150 | $409 | $752 | $404 | $0 |
| Child and dependent care credit | $0 | $0 | $19 | $21 | $50 | $76 | $44 |
| Earned income credit | $128 | $500 | $123 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $99 | $392 | $84 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $91 | $2,804 |
| Income tax | $43 | $557 | $2,325 | $4,976 | $7,436 | $16,022 | $82,327 |
| Total tax liability | $132 | $823 | $2,764 | $5,805 | $8,072 | $16,612 | $84,304 |
| Tax due at time of filing | $47 | $113 | $228 | $561 | $459 | $720 | $14,204 |
| Overpayments refunded | $-419 | $-1,359 | $-1,880 | $-2,494 | $-3,214 | $-3,526 | $-5,313 |
| Total Tax Liability / AGI | 4% | 5% | 8% | 9% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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