IRS Income Data for Somerville, MA 02143
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 19% | 34% | 16% | 8% | 8% | 2% |
| Number of returns | 1,950 | 2,704 | 4,701 | 2,187 | 1,065 | 1,145 | 231 |
| Number of joint returns | 146 | 289 | 481 | 521 | 457 | 726 | 161 |
| Number of returns from paid preparer | 723 | 1,067 | 1,573 | 885 | 471 | 561 | 156 |
| Total number of exemptions | 1,907 | 3,288 | 5,888 | 3,211 | 1,850 | 2,377 | 524 |
| Total number of dependents | 129 | 283 | 491 | 326 | 218 | 330 | 81 |
| Adjusted gross income | $4,007 | $17,590 | $36,685 | $60,866 | $86,097 | $132,317 | $310,708 |
| Salaries and wages | $4,428 | $14,042 | $33,408 | $54,832 | $76,472 | $117,689 | $230,853 |
| Taxable interest | $288 | $382 | $395 | $866 | $1,364 | $2,193 | $4,994 |
| Ordinary dividends | $142 | $197 | $291 | $671 | $767 | $1,611 | $4,057 |
| Business or professional net income | $474 | $1,283 | $983 | $1,242 | $2,103 | $3,577 | $13,408 |
| Net capital gain | $-56 | $-15 | $23 | $159 | $340 | $924 | $23,766 |
| Taxable individual retirement account distributions | $89 | $330 | $254 | $363 | $839 | $1,358 | $0 |
| Taxable pensions and annuities | $379 | $1,193 | $1,039 | $1,724 | $2,130 | $2,229 | $1,381 |
| Unemployment compensation | $96 | $268 | $282 | $297 | $491 | $368 | $0 |
| Taxable Social Security benefits | $0 | $37 | $312 | $862 | $1,069 | $840 | $0 |
| Self-employment retirement plans | $0 | $0 | $55 | $0 | $110 | $334 | $2,024 |
| Total itemized deductions | $964 | $1,149 | $1,626 | $4,469 | $8,988 | $18,076 | $36,571 |
| State and local income taxes | $90 | $129 | $241 | $857 | $1,973 | $5,497 | $15,153 |
| State and local general sales tax | $6 | $11 | $8 | $16 | $0 | $0 | $0 |
| Real estate taxes | $97 | $123 | $165 | $491 | $988 | $1,738 | $3,424 |
| Taxes paid | $200 | $269 | $428 | $1,396 | $3,047 | $7,370 | $18,726 |
| Mortgage interest paid | $379 | $354 | $556 | $1,971 | $4,323 | $8,174 | $14,226 |
| Contributions | $14 | $57 | $117 | $326 | $526 | $1,229 | $3,718 |
| Taxable income | $260 | $7,282 | $25,306 | $46,173 | $66,476 | $104,474 | $266,796 |
| Total tax credits | $0 | $132 | $233 | $255 | $355 | $326 | $473 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $73 | $157 | $201 | $133 | $0 |
| Child and dependent care credit | $0 | $2 | $7 | $12 | $22 | $34 | $76 |
| Earned income credit | $155 | $250 | $41 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $131 | $208 | $29 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $145 | $1,889 |
| Income tax | $25 | $677 | $3,183 | $7,263 | $11,185 | $20,072 | $66,010 |
| Total tax liability | $140 | $878 | $3,348 | $7,491 | $11,580 | $20,701 | $67,955 |
| Tax due at time of filing | $58 | $141 | $211 | $423 | $531 | $1,246 | $8,604 |
| Overpayments refunded | $-610 | $-1,178 | $-1,314 | $-1,688 | $-2,289 | $-2,832 | $-2,476 |
| Total Tax Liability / AGI | 3% | 5% | 9% | 12% | 13% | 16% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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