IRS Income Data for Newfane, VT 05345
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 21% | 25% | 17% | 8% | 8% | 0% |
| Number of returns | 168 | 177 | 210 | 142 | 70 | 69 | 0 |
| Number of joint returns | 17 | 47 | 78 | 104 | 60 | 57 | 0 |
| Number of returns from paid preparer | 86 | 93 | 112 | 86 | 34 | 46 | 0 |
| Total number of exemptions | 148 | 286 | 386 | 342 | 197 | 171 | 0 |
| Total number of dependents | 13 | 38 | 55 | 54 | 32 | 25 | 0 |
| Adjusted gross income | $3,312 | $18,187 | $36,502 | $61,221 | $87,872 | $151,293 | |
| Salaries and wages | $4,592 | $11,562 | $28,272 | $45,810 | $64,481 | $75,036 | |
| Taxable interest | $567 | $861 | $432 | $1,918 | $1,232 | $3,697 | |
| Ordinary dividends | $403 | $1,118 | $761 | $2,485 | $1,404 | $12,705 | |
| Business or professional net income | $654 | $2,938 | $2,754 | $3,786 | $3,919 | $14,960 | |
| Net capital gain | $-238 | $-207 | $395 | $1,062 | $273 | $4,174 | |
| Taxable individual retirement account distributions | $201 | $717 | $412 | $740 | $1,899 | $9,202 | |
| Taxable pensions and annuities | $254 | $1,193 | $1,934 | $3,108 | $8,145 | $8,951 | |
| Unemployment compensation | $0 | $478 | $519 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $86 | $760 | $2,821 | $3,622 | $5,432 | |
| Self-employment retirement plans | $0 | $0 | $0 | $484 | $0 | $0 | |
| Total itemized deductions | $1,431 | $2,629 | $4,210 | $8,562 | $11,956 | $21,904 | |
| State and local income taxes | $0 | $82 | $346 | $1,550 | $1,861 | $7,036 | |
| State and local general sales tax | $0 | $41 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $236 | $489 | $766 | $1,547 | $2,197 | $4,289 | |
| Taxes paid | $304 | $590 | $1,125 | $3,153 | $4,197 | $11,458 | |
| Mortgage interest paid | $662 | $733 | $1,675 | $2,701 | $5,457 | $5,706 | |
| Contributions | $0 | $227 | $284 | $672 | $753 | $1,880 | |
| Taxable income | $201 | $5,565 | $20,345 | $38,499 | $61,919 | $119,448 | |
| Total tax credits | $0 | $91 | $319 | $672 | $981 | $376 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $36 | $187 | $535 | $729 | $208 | |
| Child and dependent care credit | $0 | $0 | $0 | $69 | $0 | $0 | |
| Earned income credit | $180 | $561 | $139 | $0 | $0 | $0 | |
| Excess earned income credit | $120 | $347 | $92 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $19 | $484 | $2,199 | $4,305 | $8,006 | $19,796 | |
| Total tax liability | $265 | $985 | $2,719 | $5,121 | $9,122 | $21,926 | |
| Tax due at time of filing | $68 | $109 | $306 | $522 | $531 | $1,124 | |
| Overpayments refunded | $-475 | $-1,387 | $-1,652 | $-2,594 | $-2,200 | $-2,333 | |
| Total Tax Liability / AGI | 8% | 5% | 7% | 8% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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