IRS Income Data for Somerville, MA 02144
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 12% | 17% | 32% | 18% | 9% | 10% | 3% |
| Number of returns | 1,617 | 2,333 | 4,463 | 2,444 | 1,194 | 1,363 | 386 |
| Number of joint returns | 81 | 208 | 336 | 430 | 448 | 837 | 279 |
| Number of returns from paid preparer | 602 | 892 | 1,454 | 890 | 500 | 667 | 251 |
| Total number of exemptions | 1,472 | 2,782 | 5,283 | 3,258 | 1,976 | 2,708 | 903 |
| Total number of dependents | 112 | 251 | 324 | 250 | 207 | 340 | 148 |
| Adjusted gross income | $3,780 | $17,592 | $37,008 | $60,849 | $86,153 | $134,500 | $400,390 |
| Salaries and wages | $4,248 | $13,840 | $33,197 | $54,748 | $74,804 | $116,375 | $250,703 |
| Taxable interest | $358 | $554 | $512 | $875 | $1,444 | $2,393 | $6,019 |
| Ordinary dividends | $257 | $312 | $351 | $837 | $1,205 | $2,478 | $12,085 |
| Business or professional net income | $64 | $989 | $1,173 | $1,101 | $2,457 | $5,702 | $9,926 |
| Net capital gain | $33 | $4 | $34 | $147 | $539 | $1,280 | $42,465 |
| Taxable individual retirement account distributions | $146 | $296 | $317 | $500 | $780 | $1,121 | $1,083 |
| Taxable pensions and annuities | $417 | $1,455 | $1,190 | $1,876 | $3,284 | $2,594 | $2,378 |
| Unemployment compensation | $42 | $312 | $306 | $264 | $329 | $254 | $296 |
| Taxable Social Security benefits | $0 | $69 | $396 | $887 | $1,502 | $1,127 | $1,003 |
| Self-employment retirement plans | $0 | $0 | $44 | $43 | $117 | $502 | $1,701 |
| Total itemized deductions | $1,142 | $1,198 | $1,649 | $3,990 | $7,795 | $18,605 | $43,918 |
| State and local income taxes | $124 | $113 | $236 | $843 | $1,946 | $5,768 | $19,667 |
| State and local general sales tax | $6 | $16 | $9 | $10 | $0 | $0 | $0 |
| Real estate taxes | $161 | $206 | $199 | $490 | $1,013 | $2,055 | $4,071 |
| Taxes paid | $304 | $345 | $460 | $1,378 | $3,024 | $7,963 | $24,023 |
| Mortgage interest paid | $361 | $263 | $524 | $1,432 | $3,158 | $7,770 | $14,160 |
| Contributions | $23 | $80 | $135 | $322 | $632 | $1,456 | $5,083 |
| Taxable income | $304 | $7,213 | $25,980 | $47,239 | $68,098 | $106,439 | $349,107 |
| Total tax credits | $1 | $148 | $207 | $187 | $328 | $303 | $994 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $10 | $47 | $105 | $193 | $94 | $0 |
| Child and dependent care credit | $0 | $4 | $7 | $8 | $18 | $31 | $43 |
| Earned income credit | $155 | $273 | $34 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $133 | $248 | $26 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $163 | $2,741 |
| Income tax | $28 | $643 | $3,330 | $7,680 | $11,708 | $20,649 | $85,262 |
| Total tax liability | $123 | $805 | $3,530 | $7,882 | $12,155 | $21,504 | $86,884 |
| Tax due at time of filing | $50 | $104 | $190 | $333 | $566 | $1,046 | $5,031 |
| Overpayments refunded | $-556 | $-1,288 | $-1,274 | $-1,613 | $-2,154 | $-3,324 | $-5,857 |
| Total Tax Liability / AGI | 3% | 5% | 10% | 13% | 14% | 16% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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