IRS Income Data for Waitsfield, VT 05673
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 20% | 24% | 12% | 10% | 11% | 5% |
| Number of returns | 319 | 325 | 389 | 199 | 158 | 181 | 76 |
| Number of joint returns | 42 | 45 | 91 | 125 | 130 | 154 | 62 |
| Number of returns from paid preparer | 191 | 150 | 199 | 120 | 99 | 121 | 60 |
| Total number of exemptions | 300 | 436 | 598 | 444 | 400 | 488 | 206 |
| Total number of dependents | 34 | 53 | 79 | 74 | 63 | 85 | 35 |
| Adjusted gross income | $2,803 | $17,018 | $35,644 | $62,056 | $85,879 | $135,236 | $536,283 |
| Salaries and wages | $5,457 | $11,834 | $26,205 | $40,920 | $62,173 | $84,383 | $201,396 |
| Taxable interest | $965 | $559 | $979 | $1,646 | $1,922 | $3,250 | $17,081 |
| Ordinary dividends | $1,187 | $851 | $1,697 | $3,314 | $3,192 | $8,356 | $41,922 |
| Business or professional net income | $-74 | $2,721 | $3,150 | $6,298 | $3,895 | $10,207 | $15,806 |
| Net capital gain | $-187 | $34 | $647 | $521 | $1,914 | $4,235 | $89,746 |
| Taxable individual retirement account distributions | $572 | $522 | $831 | $1,766 | $2,808 | $5,407 | $0 |
| Taxable pensions and annuities | $664 | $1,200 | $1,804 | $4,375 | $4,837 | $9,979 | $6,081 |
| Unemployment compensation | $0 | $373 | $406 | $293 | $0 | $286 | $0 |
| Taxable Social Security benefits | $0 | $112 | $983 | $2,985 | $3,618 | $4,397 | $5,647 |
| Self-employment retirement plans | $0 | $0 | $90 | $0 | $0 | $1,468 | $0 |
| Total itemized deductions | $4,155 | $2,916 | $4,680 | $12,602 | $14,326 | $26,176 | $88,372 |
| State and local income taxes | $229 | $147 | $374 | $1,586 | $2,570 | $6,254 | $47,919 |
| State and local general sales tax | $10 | $23 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $858 | $462 | $885 | $2,112 | $3,403 | $5,935 | $11,676 |
| Taxes paid | $2,056 | $645 | $1,317 | $3,874 | $6,017 | $12,338 | $60,000 |
| Mortgage interest paid | $1,067 | $1,036 | $2,124 | $4,088 | $5,947 | $8,261 | $10,847 |
| Contributions | $27 | $118 | $204 | $718 | $1,073 | $2,431 | $8,752 |
| Taxable income | $294 | $5,590 | $20,899 | $38,637 | $58,835 | $98,621 | $440,625 |
| Total tax credits | $0 | $55 | $246 | $732 | $803 | $449 | $1,313 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $137 | $452 | $516 | $262 | $0 |
| Child and dependent care credit | $0 | $0 | $22 | $77 | $85 | $52 | $0 |
| Earned income credit | $209 | $419 | $100 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $156 | $312 | $58 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $259 | $7,977 |
| Income tax | $25 | $528 | $2,287 | $4,636 | $7,421 | $16,717 | $110,522 |
| Total tax liability | $218 | $1,008 | $2,849 | $5,616 | $8,195 | $18,116 | $112,355 |
| Tax due at time of filing | $54 | $169 | $317 | $540 | $568 | $2,333 | $11,125 |
| Overpayments refunded | $-1,248 | $-1,280 | $-1,521 | $-1,965 | $-2,594 | $-3,290 | $-8,590 |
| Total Tax Liability / AGI | 8% | 6% | 8% | 9% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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