IRS Income Data for Canaan, CT 06018
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 24% | 26% | 16% | 9% | 7% | 1% |
| Number of returns | 243 | 344 | 373 | 224 | 125 | 101 | 19 |
| Number of joint returns | 21 | 48 | 100 | 120 | 98 | 88 | 12 |
| Number of returns from paid preparer | 114 | 166 | 201 | 147 | 83 | 69 | 18 |
| Total number of exemptions | 225 | 493 | 631 | 494 | 322 | 264 | 46 |
| Total number of dependents | 24 | 78 | 99 | 84 | 56 | 51 | 0 |
| Adjusted gross income | $3,584 | $17,660 | $36,154 | $61,271 | $86,656 | $126,750 | $325,447 |
| Salaries and wages | $3,109 | $12,524 | $28,147 | $43,907 | $66,687 | $84,033 | $87,814 |
| Taxable interest | $572 | $603 | $912 | $2,160 | $1,413 | $3,939 | $8,715 |
| Ordinary dividends | $373 | $534 | $584 | $1,834 | $1,982 | $3,471 | $9,346 |
| Business or professional net income | $290 | $1,389 | $2,026 | $2,076 | $5,346 | $16,374 | $0 |
| Net capital gain | $-88 | $124 | $-45 | $667 | $52 | $2,998 | $18,242 |
| Taxable individual retirement account distributions | $248 | $549 | $1,092 | $1,636 | $2,690 | $4,316 | $0 |
| Taxable pensions and annuities | $413 | $1,607 | $2,119 | $4,745 | $3,575 | $9,836 | $0 |
| Unemployment compensation | $0 | $390 | $322 | $479 | $328 | $0 | $0 |
| Taxable Social Security benefits | $0 | $123 | $1,165 | $3,384 | $3,144 | $3,967 | $13,773 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,126 | $2,742 | $4,899 | $10,484 | $13,949 | $23,092 | $47,771 |
| State and local income taxes | $0 | $120 | $407 | $1,361 | $2,708 | $5,463 | $17,415 |
| State and local general sales tax | $16 | $27 | $46 | $0 | $0 | $0 | $0 |
| Real estate taxes | $206 | $373 | $869 | $1,583 | $2,654 | $3,586 | $6,570 |
| Taxes paid | $540 | $534 | $1,385 | $3,107 | $5,668 | $9,452 | $24,432 |
| Mortgage interest paid | $0 | $844 | $2,124 | $3,683 | $6,237 | $7,531 | $4,508 |
| Contributions | $0 | $167 | $184 | $688 | $764 | $2,620 | $9,060 |
| Taxable income | $218 | $5,985 | $20,439 | $39,085 | $60,249 | $93,097 | $269,464 |
| Total tax credits | $0 | $61 | $277 | $550 | $861 | $455 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $32 | $205 | $439 | $593 | $341 | $0 |
| Child and dependent care credit | $0 | $0 | $19 | $58 | $0 | $61 | $0 |
| Earned income credit | $237 | $586 | $144 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $185 | $471 | $86 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,891 |
| Income tax | $21 | $619 | $2,312 | $4,968 | $8,046 | $15,620 | $66,891 |
| Total tax liability | $129 | $844 | $2,710 | $5,400 | $8,965 | $17,445 | $70,869 |
| Tax due at time of filing | $30 | $91 | $216 | $593 | $1,052 | $3,203 | $0 |
| Overpayments refunded | $-488 | $-1,510 | $-1,747 | $-1,974 | $-2,510 | $-2,336 | $0 |
| Total Tax Liability / AGI | 4% | 5% | 7% | 9% | 10% | 14% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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