IRS Income Data for Montpelier, VT 05602
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 19% | 24% | 15% | 10% | 10% | 2% |
| Number of returns | 1,233 | 1,171 | 1,479 | 940 | 605 | 635 | 134 |
| Number of joint returns | 81 | 133 | 367 | 521 | 491 | 556 | 118 |
| Number of returns from paid preparer | 484 | 505 | 592 | 472 | 299 | 355 | 109 |
| Total number of exemptions | 1,003 | 1,566 | 2,397 | 1,984 | 1,534 | 1,758 | 400 |
| Total number of dependents | 101 | 212 | 358 | 330 | 254 | 327 | 71 |
| Adjusted gross income | $3,658 | $17,209 | $36,460 | $61,482 | $86,448 | $130,000 | $396,177 |
| Salaries and wages | $3,613 | $11,792 | $28,435 | $46,835 | $63,730 | $93,485 | $188,673 |
| Taxable interest | $266 | $686 | $862 | $1,460 | $1,926 | $2,780 | $12,833 |
| Ordinary dividends | $285 | $505 | $680 | $1,629 | $2,325 | $4,490 | $20,381 |
| Business or professional net income | $257 | $1,317 | $1,735 | $2,496 | $3,978 | $8,097 | $28,800 |
| Net capital gain | $-125 | $1 | $110 | $518 | $1,741 | $3,613 | $46,031 |
| Taxable individual retirement account distributions | $97 | $462 | $678 | $1,521 | $2,514 | $2,257 | $2,219 |
| Taxable pensions and annuities | $373 | $2,218 | $2,897 | $4,900 | $6,477 | $8,317 | $4,797 |
| Unemployment compensation | $48 | $377 | $368 | $329 | $256 | $140 | $0 |
| Taxable Social Security benefits | $0 | $119 | $1,134 | $2,816 | $3,787 | $3,385 | $2,695 |
| Self-employment retirement plans | $0 | $0 | $0 | $206 | $197 | $959 | $4,845 |
| Total itemized deductions | $795 | $1,528 | $3,295 | $7,635 | $16,509 | $21,600 | $51,054 |
| State and local income taxes | $21 | $81 | $319 | $1,208 | $2,271 | $5,771 | $26,357 |
| State and local general sales tax | $5 | $6 | $11 | $17 | $29 | $0 | $0 |
| Real estate taxes | $126 | $289 | $725 | $1,729 | $2,958 | $5,022 | $7,692 |
| Taxes paid | $161 | $385 | $1,086 | $3,001 | $5,304 | $10,925 | $34,302 |
| Mortgage interest paid | $260 | $362 | $1,027 | $2,719 | $4,336 | $6,575 | $8,415 |
| Contributions | $15 | $77 | $262 | $597 | $982 | $2,372 | $6,807 |
| Taxable income | $266 | $6,018 | $21,948 | $41,269 | $61,267 | $97,357 | $335,803 |
| Total tax credits | $0 | $78 | $305 | $586 | $798 | $539 | $1,055 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $174 | $387 | $515 | $306 | $0 |
| Child and dependent care credit | $0 | $4 | $17 | $39 | $52 | $53 | $75 |
| Earned income credit | $174 | $499 | $120 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $139 | $420 | $89 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $233 | $5,090 |
| Income tax | $23 | $564 | $2,479 | $5,280 | $8,035 | $16,530 | $84,121 |
| Total tax liability | $132 | $792 | $2,792 | $5,870 | $8,756 | $17,961 | $87,164 |
| Tax due at time of filing | $31 | $140 | $198 | $419 | $456 | $1,562 | $10,238 |
| Overpayments refunded | $-432 | $-1,376 | $-1,469 | $-2,207 | $-2,602 | $-2,706 | $-3,297 |
| Total Tax Liability / AGI | 4% | 5% | 8% | 10% | 10% | 14% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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