IRS Income Data for New Bedford, MA 02744
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 32% | 28% | 12% | 5% | 3% | 0% |
| Number of returns | 963 | 1,558 | 1,346 | 597 | 244 | 127 | 0 |
| Number of joint returns | 83 | 234 | 348 | 335 | 204 | 108 | 0 |
| Number of returns from paid preparer | 592 | 1,079 | 929 | 437 | 194 | 97 | 0 |
| Total number of exemptions | 1,297 | 2,792 | 2,563 | 1,365 | 657 | 352 | 0 |
| Total number of dependents | 275 | 664 | 525 | 251 | 122 | 66 | 0 |
| Adjusted gross income | $4,337 | $17,468 | $35,163 | $60,298 | $84,990 | $130,488 | |
| Salaries and wages | $4,363 | $14,591 | $30,407 | $50,656 | $68,344 | $90,568 | |
| Taxable interest | $178 | $289 | $403 | $776 | $1,176 | $2,337 | |
| Ordinary dividends | $20 | $79 | $120 | $232 | $240 | $1,500 | |
| Business or professional net income | $243 | $703 | $1,025 | $2,757 | $5,799 | $6,792 | |
| Net capital gain | $-15 | $23 | $-6 | $258 | $-51 | $3,576 | |
| Taxable individual retirement account distributions | $68 | $249 | $311 | $650 | $1,445 | $1,847 | |
| Taxable pensions and annuities | $377 | $1,005 | $1,851 | $3,146 | $5,624 | $10,681 | |
| Unemployment compensation | $157 | $905 | $1,378 | $1,838 | $2,014 | $1,589 | |
| Taxable Social Security benefits | $0 | $24 | $442 | $1,356 | $1,215 | $2,583 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $312 | $615 | $2,078 | $5,613 | $10,260 | $16,414 | |
| State and local income taxes | $35 | $34 | $278 | $1,019 | $2,219 | $4,633 | |
| State and local general sales tax | $3 | $0 | $5 | $0 | $0 | $0 | |
| Real estate taxes | $61 | $66 | $289 | $756 | $1,288 | $2,318 | |
| Taxes paid | $100 | $115 | $604 | $1,856 | $3,650 | $7,235 | |
| Mortgage interest paid | $143 | $179 | $935 | $2,398 | $4,317 | $6,322 | |
| Contributions | $0 | $33 | $108 | $259 | $641 | $981 | |
| Taxable income | $193 | $4,922 | $19,933 | $40,505 | $60,053 | $101,110 | |
| Total tax credits | $0 | $103 | $399 | $635 | $813 | $550 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $61 | $298 | $523 | $595 | $317 | |
| Child and dependent care credit | $0 | $8 | $27 | $19 | $41 | $65 | |
| Earned income credit | $564 | $1,215 | $264 | $0 | $0 | $0 | |
| Excess earned income credit | $536 | $1,159 | $225 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $19 | $433 | $2,129 | $5,218 | $8,048 | $17,641 | |
| Total tax liability | $97 | $542 | $2,306 | $5,650 | $8,948 | $19,134 | |
| Tax due at time of filing | $18 | $65 | $164 | $564 | $865 | $2,085 | |
| Overpayments refunded | $-950 | $-2,458 | $-2,114 | $-2,391 | $-2,698 | $-2,619 | |
| Total Tax Liability / AGI | 2% | 3% | 7% | 9% | 11% | 15% |
All numbers in the table are 2010 averages for that income class and zip code.
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