IRS Income Data for Fall River, MA 02723
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 31% | 29% | 11% | 5% | 3% | 0% |
| Number of returns | 1,305 | 2,018 | 1,868 | 728 | 325 | 161 | 16 |
| Number of joint returns | 122 | 313 | 524 | 445 | 280 | 138 | 10 |
| Number of returns from paid preparer | 747 | 1,291 | 1,179 | 506 | 244 | 122 | 16 |
| Total number of exemptions | 1,691 | 3,266 | 3,432 | 1,626 | 883 | 436 | 30 |
| Total number of dependents | 339 | 667 | 653 | 287 | 163 | 79 | 0 |
| Adjusted gross income | $4,549 | $17,517 | $35,641 | $60,696 | $85,030 | $119,767 | $360,157 |
| Salaries and wages | $4,262 | $14,425 | $30,458 | $52,075 | $73,504 | $93,473 | $136,705 |
| Taxable interest | $126 | $341 | $480 | $747 | $808 | $2,767 | $21,445 |
| Ordinary dividends | $52 | $81 | $112 | $317 | $588 | $2,039 | $4,164 |
| Business or professional net income | $239 | $578 | $717 | $750 | $1,339 | $3,332 | $0 |
| Net capital gain | $-22 | $-1 | $45 | $181 | $112 | $2,382 | $2,742 |
| Taxable individual retirement account distributions | $78 | $187 | $279 | $522 | $1,044 | $1,493 | $0 |
| Taxable pensions and annuities | $379 | $1,144 | $2,036 | $2,849 | $4,501 | $9,488 | $0 |
| Unemployment compensation | $272 | $915 | $1,338 | $2,237 | $1,396 | $952 | $0 |
| Taxable Social Security benefits | $0 | $31 | $489 | $1,360 | $1,350 | $2,691 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $258 | $592 | $1,458 | $5,560 | $8,973 | $13,172 | $28,396 |
| State and local income taxes | $12 | $45 | $195 | $990 | $1,987 | $3,954 | $19,269 |
| State and local general sales tax | $0 | $4 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $29 | $62 | $134 | $473 | $860 | $1,353 | $3,387 |
| Taxes paid | $43 | $114 | $351 | $1,556 | $3,024 | $5,507 | $22,883 |
| Mortgage interest paid | $88 | $294 | $609 | $2,464 | $4,205 | $5,293 | $0 |
| Contributions | $0 | $33 | $109 | $284 | $426 | $968 | $2,810 |
| Taxable income | $166 | $5,476 | $20,878 | $40,917 | $60,742 | $93,102 | $324,983 |
| Total tax credits | $0 | $102 | $376 | $569 | $875 | $499 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $46 | $268 | $462 | $661 | $398 | $0 |
| Child and dependent care credit | $0 | $9 | $29 | $18 | $51 | $38 | $0 |
| Earned income credit | $547 | $935 | $215 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $516 | $883 | $175 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $163 | $0 |
| Income tax | $16 | $497 | $2,281 | $5,301 | $7,960 | $15,727 | $87,387 |
| Total tax liability | $78 | $598 | $2,425 | $5,470 | $8,247 | $16,443 | $89,212 |
| Tax due at time of filing | $16 | $53 | $131 | $335 | $357 | $2,632 | $0 |
| Overpayments refunded | $-930 | $-2,136 | $-1,988 | $-2,151 | $-2,854 | $-2,897 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 7% | 9% | 10% | 14% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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