IRS Income Data for Chelsea, VT 05038
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 23% | 26% | 13% | 10% | 6% | 0% |
| Number of returns | 153 | 162 | 178 | 90 | 70 | 43 | 0 |
| Number of joint returns | 22 | 42 | 67 | 68 | 64 | 39 | 0 |
| Number of returns from paid preparer | 64 | 81 | 87 | 38 | 33 | 28 | 0 |
| Total number of exemptions | 155 | 267 | 337 | 203 | 189 | 112 | 0 |
| Total number of dependents | 11 | 38 | 46 | 27 | 34 | 18 | 0 |
| Adjusted gross income | $3,443 | $17,232 | $35,631 | $61,977 | $86,299 | $151,376 | |
| Salaries and wages | $3,580 | $10,408 | $28,296 | $47,172 | $64,183 | $76,154 | |
| Taxable interest | $298 | $909 | $783 | $1,752 | $1,662 | $3,030 | |
| Ordinary dividends | $403 | $441 | $484 | $2,280 | $2,476 | $2,328 | |
| Business or professional net income | $255 | $2,449 | $2,616 | $2,686 | $1,435 | $0 | |
| Net capital gain | $-85 | $177 | $263 | $1,182 | $393 | $1,454 | |
| Taxable individual retirement account distributions | $0 | $693 | $655 | $0 | $1,919 | $0 | |
| Taxable pensions and annuities | $764 | $1,963 | $3,158 | $0 | $6,745 | $0 | |
| Unemployment compensation | $0 | $468 | $615 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $701 | $2,326 | $5,991 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $1,703 | $0 | $3,101 | $5,862 | $11,227 | $22,944 | |
| State and local income taxes | $0 | $0 | $354 | $789 | $2,226 | $6,608 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $242 | $0 | $613 | $1,051 | $1,902 | $4,111 | |
| Taxes paid | $370 | $0 | $989 | $2,528 | $4,312 | $10,406 | |
| Mortgage interest paid | $0 | $0 | $1,477 | $2,243 | $3,917 | $6,196 | |
| Contributions | $0 | $0 | $272 | $194 | $1,211 | $1,309 | |
| Taxable income | $190 | $4,976 | $19,696 | $41,174 | $60,694 | $117,705 | |
| Total tax credits | $0 | $50 | $300 | $483 | $1,005 | $478 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $28 | $161 | $376 | $704 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $119 | $0 | |
| Earned income credit | $128 | $715 | $161 | $0 | $0 | $0 | |
| Excess earned income credit | $95 | $507 | $79 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $21 | $474 | $2,128 | $4,996 | $7,401 | $22,472 | |
| Total tax liability | $148 | $958 | $2,585 | $5,553 | $8,449 | $23,758 | |
| Tax due at time of filing | $64 | $211 | $183 | $675 | $455 | $1,392 | |
| Overpayments refunded | $-434 | $-1,657 | $-1,609 | $-1,708 | $-3,295 | $-3,489 | |
| Total Tax Liability / AGI | 4% | 6% | 7% | 9% | 10% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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