IRS Income Data for Newport, RI 02840
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 22% | 24% | 14% | 8% | 10% | 3% |
| Number of returns | 2,068 | 2,488 | 2,748 | 1,575 | 915 | 1,128 | 354 |
| Number of joint returns | 113 | 228 | 496 | 603 | 555 | 854 | 276 |
| Number of returns from paid preparer | 1,034 | 1,266 | 1,390 | 909 | 578 | 751 | 303 |
| Total number of exemptions | 2,098 | 3,576 | 4,142 | 2,833 | 1,996 | 2,629 | 847 |
| Total number of dependents | 324 | 586 | 547 | 370 | 293 | 376 | 125 |
| Adjusted gross income | $3,099 | $17,396 | $36,235 | $61,893 | $86,405 | $134,029 | $552,853 |
| Salaries and wages | $4,292 | $13,022 | $28,012 | $44,414 | $63,709 | $86,387 | $191,812 |
| Taxable interest | $520 | $427 | $892 | $1,440 | $2,000 | $3,547 | $24,614 |
| Ordinary dividends | $464 | $338 | $793 | $1,673 | $2,586 | $5,864 | $32,572 |
| Business or professional net income | $-33 | $1,491 | $1,761 | $3,131 | $3,754 | $7,794 | $28,507 |
| Net capital gain | $105 | $-24 | $62 | $199 | $1,155 | $4,078 | $136,428 |
| Taxable individual retirement account distributions | $214 | $280 | $709 | $1,309 | $2,015 | $4,045 | $6,957 |
| Taxable pensions and annuities | $362 | $1,757 | $3,349 | $7,204 | $9,141 | $14,517 | $16,188 |
| Unemployment compensation | $141 | $598 | $636 | $433 | $445 | $405 | $265 |
| Taxable Social Security benefits | $0 | $68 | $876 | $2,412 | $3,078 | $4,564 | $5,063 |
| Self-employment retirement plans | $0 | $18 | $32 | $115 | $219 | $674 | $4,153 |
| Total itemized deductions | $1,995 | $1,932 | $4,113 | $10,329 | $15,612 | $26,969 | $87,181 |
| State and local income taxes | $129 | $96 | $405 | $1,321 | $2,704 | $6,542 | $35,253 |
| State and local general sales tax | $9 | $25 | $27 | $68 | $62 | $32 | $154 |
| Real estate taxes | $369 | $337 | $705 | $1,612 | $2,500 | $4,147 | $9,989 |
| Taxes paid | $518 | $470 | $1,176 | $3,117 | $5,443 | $11,042 | $46,092 |
| Mortgage interest paid | $824 | $709 | $1,661 | $4,127 | $6,886 | $9,466 | $17,314 |
| Contributions | $19 | $106 | $270 | $838 | $1,384 | $2,987 | $10,094 |
| Taxable income | $228 | $6,100 | $21,996 | $41,426 | $60,213 | $97,707 | $458,906 |
| Total tax credits | $2 | $88 | $255 | $386 | $614 | $403 | $2,766 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $28 | $144 | $271 | $395 | $155 | $0 |
| Child and dependent care credit | $0 | $4 | $17 | $16 | $31 | $35 | $24 |
| Earned income credit | $344 | $699 | $123 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $318 | $641 | $99 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $12 | $215 | $7,190 |
| Income tax | $25 | $581 | $2,587 | $5,896 | $8,802 | $17,294 | $114,499 |
| Total tax liability | $131 | $818 | $2,924 | $6,442 | $9,518 | $18,477 | $118,526 |
| Tax due at time of filing | $49 | $150 | $292 | $560 | $631 | $1,512 | $17,974 |
| Overpayments refunded | $-769 | $-1,774 | $-1,669 | $-2,367 | $-2,869 | $-3,436 | $-6,852 |
| Total Tax Liability / AGI | 4% | 5% | 8% | 10% | 11% | 14% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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