IRS Income Data for Hancock, ME 04640
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 24% | 27% | 17% | 6% | 5% | 1% |
| Number of returns | 217 | 267 | 299 | 185 | 68 | 57 | 13 |
| Number of joint returns | 36 | 62 | 129 | 133 | 58 | 52 | 11 |
| Number of returns from paid preparer | 112 | 114 | 164 | 115 | 45 | 36 | 12 |
| Total number of exemptions | 245 | 430 | 566 | 430 | 171 | 144 | 26 |
| Total number of dependents | 33 | 71 | 88 | 71 | 30 | 22 | 0 |
| Adjusted gross income | $3,571 | $17,128 | $35,896 | $61,810 | $86,563 | $132,481 | $301,469 |
| Salaries and wages | $4,060 | $12,585 | $28,481 | $47,693 | $60,211 | $102,003 | $0 |
| Taxable interest | $243 | $469 | $341 | $947 | $2,063 | $2,715 | $14,102 |
| Ordinary dividends | $223 | $431 | $502 | $1,068 | $3,377 | $3,026 | $0 |
| Business or professional net income | $-591 | $1,548 | $1,587 | $3,476 | $4,130 | $5,765 | $0 |
| Net capital gain | $-62 | $82 | $-6 | $276 | $1,148 | $3,503 | $0 |
| Taxable individual retirement account distributions | $135 | $278 | $642 | $1,484 | $1,776 | $3,551 | $0 |
| Taxable pensions and annuities | $436 | $1,266 | $3,081 | $5,097 | $7,888 | $22,948 | $0 |
| Unemployment compensation | $119 | $385 | $378 | $295 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $738 | $2,030 | $3,253 | $8,323 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,224 | $1,020 | $3,385 | $7,366 | $17,705 | $22,295 | $39,423 |
| State and local income taxes | $0 | $100 | $504 | $1,473 | $3,720 | $7,221 | $15,494 |
| State and local general sales tax | $14 | $0 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $153 | $120 | $413 | $926 | $2,206 | $3,451 | $4,237 |
| Taxes paid | $244 | $300 | $986 | $2,548 | $6,374 | $11,116 | $20,165 |
| Mortgage interest paid | $672 | $0 | $1,325 | $3,580 | $5,687 | $6,989 | $0 |
| Contributions | $83 | $0 | $193 | $516 | $3,019 | $2,839 | $6,633 |
| Taxable income | $143 | $5,127 | $19,293 | $40,525 | $57,479 | $99,961 | $256,201 |
| Total tax credits | $0 | $63 | $336 | $625 | $651 | $323 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $30 | $223 | $458 | $408 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $20 | $47 | $0 | $0 | $0 |
| Earned income credit | $292 | $858 | $227 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $243 | $714 | $164 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,084 |
| Income tax | $14 | $479 | $2,046 | $4,965 | $7,253 | $16,952 | $51,752 |
| Total tax liability | $153 | $735 | $2,397 | $5,540 | $8,255 | $18,967 | $52,009 |
| Tax due at time of filing | $62 | $98 | $236 | $601 | $645 | $3,049 | $0 |
| Overpayments refunded | $-606 | $-1,787 | $-1,686 | $-1,649 | $-2,751 | $-3,391 | $0 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 9% | 10% | 14% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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