IRS Income Data for Marblehead, MA 01945
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 11% | 15% | 12% | 9% | 20% | 15% |
| Number of returns | 1,844 | 1,103 | 1,585 | 1,212 | 922 | 2,001 | 1,561 |
| Number of joint returns | 103 | 152 | 344 | 454 | 527 | 1,616 | 1,411 |
| Number of returns from paid preparer | 1,074 | 658 | 974 | 792 | 609 | 1,308 | 1,211 |
| Total number of exemptions | 1,093 | 1,331 | 2,403 | 2,190 | 2,057 | 5,610 | 5,008 |
| Total number of dependents | 111 | 142 | 316 | 330 | 350 | 1,047 | 996 |
| Adjusted gross income | $1,999 | $16,741 | $37,241 | $62,107 | $87,386 | $141,768 | $538,133 |
| Salaries and wages | $4,326 | $9,292 | $24,606 | $39,336 | $54,603 | $99,713 | $310,914 |
| Taxable interest | $834 | $976 | $1,499 | $2,682 | $3,073 | $3,426 | $15,163 |
| Ordinary dividends | $944 | $1,364 | $1,761 | $3,303 | $4,916 | $5,866 | $29,512 |
| Business or professional net income | $39 | $1,813 | $2,936 | $4,435 | $7,452 | $10,349 | $23,318 |
| Net capital gain | $4 | $73 | $43 | $459 | $846 | $1,918 | $69,955 |
| Taxable individual retirement account distributions | $270 | $778 | $1,240 | $2,377 | $3,846 | $5,230 | $9,166 |
| Taxable pensions and annuities | $530 | $2,463 | $4,215 | $6,292 | $7,296 | $7,756 | $8,555 |
| Unemployment compensation | $75 | $358 | $515 | $557 | $459 | $461 | $251 |
| Taxable Social Security benefits | $0 | $221 | $1,557 | $3,890 | $4,890 | $4,024 | $2,966 |
| Self-employment retirement plans | $0 | $0 | $93 | $260 | $396 | $1,035 | $3,539 |
| Total itemized deductions | $4,211 | $4,988 | $7,959 | $14,681 | $21,244 | $30,517 | $81,720 |
| State and local income taxes | $580 | $328 | $844 | $2,082 | $4,063 | $7,241 | $34,080 |
| State and local general sales tax | $7 | $23 | $18 | $28 | $18 | $11 | $18 |
| Real estate taxes | $650 | $942 | $1,487 | $2,679 | $3,635 | $5,020 | $9,801 |
| Taxes paid | $1,387 | $1,338 | $2,425 | $4,951 | $7,920 | $12,587 | $44,565 |
| Mortgage interest paid | $1,195 | $1,373 | $2,823 | $5,459 | $8,136 | $12,604 | $19,769 |
| Contributions | $30 | $236 | $442 | $978 | $1,429 | $2,421 | $11,238 |
| Taxable income | $412 | $5,483 | $20,857 | $38,830 | $57,321 | $100,745 | $449,197 |
| Total tax credits | $3 | $87 | $231 | $367 | $682 | $444 | $2,057 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $11 | $103 | $229 | $414 | $259 | $0 |
| Child and dependent care credit | $0 | $0 | $17 | $18 | $36 | $63 | $56 |
| Earned income credit | $105 | $313 | $64 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $78 | $243 | $43 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $42 | $255 | $6,266 |
| Income tax | $46 | $491 | $2,408 | $5,291 | $8,223 | $17,951 | $120,163 |
| Total tax liability | $174 | $822 | $2,925 | $6,014 | $9,515 | $19,628 | $124,023 |
| Tax due at time of filing | $66 | $198 | $364 | $585 | $932 | $1,539 | $10,997 |
| Overpayments refunded | $-958 | $-1,213 | $-1,576 | $-2,380 | $-3,750 | $-3,891 | $-9,046 |
| Total Tax Liability / AGI | 9% | 5% | 8% | 10% | 11% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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