IRS Income Data for Somerville, MA 02145
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 24% | 32% | 14% | 7% | 6% | 1% |
| Number of returns | 2,148 | 3,060 | 4,061 | 1,778 | 868 | 710 | 99 |
| Number of joint returns | 158 | 412 | 715 | 568 | 465 | 473 | 61 |
| Number of returns from paid preparer | 1,047 | 1,608 | 1,956 | 913 | 489 | 380 | 61 |
| Total number of exemptions | 2,274 | 4,626 | 6,453 | 3,089 | 1,795 | 1,591 | 206 |
| Total number of dependents | 282 | 829 | 1,036 | 444 | 267 | 240 | 30 |
| Adjusted gross income | $4,307 | $17,460 | $36,370 | $60,864 | $86,152 | $130,194 | $387,622 |
| Salaries and wages | $4,118 | $14,386 | $33,716 | $54,336 | $76,666 | $114,690 | $260,392 |
| Taxable interest | $193 | $357 | $378 | $844 | $1,645 | $2,008 | $3,954 |
| Ordinary dividends | $60 | $104 | $128 | $367 | $644 | $1,084 | $5,329 |
| Business or professional net income | $508 | $1,568 | $901 | $1,690 | $1,539 | $4,273 | $7,921 |
| Net capital gain | $-40 | $-11 | $25 | $59 | $137 | $1,162 | $29,630 |
| Taxable individual retirement account distributions | $76 | $171 | $226 | $509 | $973 | $1,939 | $0 |
| Taxable pensions and annuities | $361 | $980 | $1,062 | $2,095 | $2,881 | $3,522 | $0 |
| Unemployment compensation | $87 | $333 | $358 | $419 | $396 | $332 | $0 |
| Taxable Social Security benefits | $0 | $43 | $326 | $1,211 | $1,366 | $972 | $0 |
| Self-employment retirement plans | $0 | $0 | $13 | $113 | $0 | $452 | $0 |
| Total itemized deductions | $936 | $1,508 | $3,447 | $6,404 | $10,127 | $18,865 | $41,013 |
| State and local income taxes | $30 | $88 | $411 | $1,144 | $2,247 | $5,334 | $19,215 |
| State and local general sales tax | $4 | $5 | $9 | $6 | $0 | $0 | $0 |
| Real estate taxes | $102 | $118 | $257 | $610 | $981 | $1,762 | $3,564 |
| Taxes paid | $139 | $226 | $707 | $1,808 | $3,330 | $7,263 | $23,083 |
| Mortgage interest paid | $449 | $438 | $1,071 | $2,841 | $4,506 | $8,375 | $13,375 |
| Contributions | $9 | $54 | $215 | $417 | $640 | $1,112 | $2,514 |
| Taxable income | $214 | $5,868 | $22,251 | $43,544 | $64,417 | $101,221 | $340,085 |
| Total tax credits | $0 | $125 | $341 | $373 | $520 | $338 | $327 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $33 | $163 | $260 | $326 | $214 | $0 |
| Child and dependent care credit | $0 | $6 | $19 | $15 | $29 | $47 | $0 |
| Earned income credit | $289 | $672 | $128 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $246 | $580 | $103 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $127 | $2,067 |
| Income tax | $22 | $523 | $2,593 | $6,514 | $10,254 | $19,061 | $85,568 |
| Total tax liability | $158 | $770 | $2,745 | $6,805 | $10,582 | $19,777 | $86,971 |
| Tax due at time of filing | $77 | $145 | $153 | $342 | $519 | $1,315 | $4,520 |
| Overpayments refunded | $-626 | $-1,759 | $-1,884 | $-2,085 | $-2,507 | $-3,171 | $-4,762 |
| Total Tax Liability / AGI | 4% | 4% | 8% | 11% | 12% | 15% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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