IRS Income Data for Canton, MA 02021
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 14% | 18% | 14% | 10% | 20% | 9% |
| Number of returns | 1,759 | 1,475 | 1,914 | 1,541 | 1,117 | 2,128 | 953 |
| Number of joint returns | 103 | 204 | 383 | 558 | 735 | 1,785 | 861 |
| Number of returns from paid preparer | 934 | 835 | 1,100 | 976 | 720 | 1,333 | 680 |
| Total number of exemptions | 1,061 | 1,789 | 2,903 | 2,916 | 2,714 | 6,247 | 3,102 |
| Total number of dependents | 111 | 207 | 390 | 460 | 455 | 1,197 | 618 |
| Adjusted gross income | $3,545 | $17,099 | $37,360 | $61,867 | $86,873 | $138,527 | $512,033 |
| Salaries and wages | $4,581 | $11,340 | $27,809 | $45,713 | $64,231 | $110,263 | $295,976 |
| Taxable interest | $694 | $1,407 | $1,201 | $1,822 | $2,276 | $2,877 | $18,917 |
| Ordinary dividends | $358 | $748 | $796 | $1,644 | $1,951 | $2,936 | $15,476 |
| Business or professional net income | $431 | $974 | $1,553 | $2,161 | $2,925 | $6,031 | $15,862 |
| Net capital gain | $-59 | $-41 | $32 | $-9 | $318 | $1,304 | $55,894 |
| Taxable individual retirement account distributions | $268 | $832 | $1,074 | $1,913 | $2,745 | $2,904 | $6,079 |
| Taxable pensions and annuities | $344 | $2,685 | $3,433 | $5,680 | $7,133 | $6,532 | $8,016 |
| Unemployment compensation | $38 | $403 | $517 | $582 | $590 | $654 | $447 |
| Taxable Social Security benefits | $0 | $224 | $1,353 | $3,033 | $3,946 | $2,872 | $3,016 |
| Self-employment retirement plans | $0 | $0 | $0 | $154 | $139 | $540 | $3,109 |
| Total itemized deductions | $1,794 | $4,334 | $6,015 | $11,919 | $17,387 | $26,791 | $64,395 |
| State and local income taxes | $228 | $203 | $642 | $1,937 | $3,210 | $6,675 | $29,916 |
| State and local general sales tax | $11 | $17 | $24 | $17 | $13 | $8 | $0 |
| Real estate taxes | $331 | $587 | $1,030 | $1,896 | $2,837 | $4,292 | $7,432 |
| Taxes paid | $583 | $1,111 | $1,759 | $3,978 | $6,272 | $11,288 | $38,135 |
| Mortgage interest paid | $606 | $973 | $2,145 | $4,966 | $7,671 | $11,097 | $16,491 |
| Contributions | $36 | $187 | $435 | $744 | $1,141 | $1,929 | $6,942 |
| Taxable income | $442 | $5,821 | $22,073 | $40,387 | $58,331 | $100,586 | $438,247 |
| Total tax credits | $1 | $83 | $235 | $456 | $772 | $462 | $756 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $11 | $107 | $315 | $521 | $315 | $0 |
| Child and dependent care credit | $0 | $4 | $19 | $25 | $40 | $70 | $70 |
| Earned income credit | $111 | $356 | $86 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $95 | $307 | $66 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $11 | $0 | $153 | $4,930 |
| Income tax | $40 | $548 | $2,643 | $5,742 | $8,223 | $17,938 | $120,998 |
| Total tax liability | $126 | $712 | $2,925 | $6,162 | $8,774 | $18,914 | $123,921 |
| Tax due at time of filing | $44 | $112 | $227 | $378 | $503 | $1,078 | $10,089 |
| Overpayments refunded | $-571 | $-1,453 | $-1,671 | $-2,607 | $-3,237 | $-3,739 | $-6,309 |
| Total Tax Liability / AGI | 4% | 4% | 8% | 10% | 10% | 14% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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