IRS Income Data for Madison, CT 06443
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 11% | 13% | 10% | 10% | 22% | 14% |
| Number of returns | 1,808 | 956 | 1,190 | 952 | 904 | 1,999 | 1,280 |
| Number of joint returns | 98 | 143 | 318 | 422 | 611 | 1,734 | 1,170 |
| Number of returns from paid preparer | 991 | 512 | 663 | 609 | 575 | 1,233 | 967 |
| Total number of exemptions | 789 | 1,180 | 1,916 | 1,867 | 2,204 | 6,099 | 4,263 |
| Total number of dependents | 66 | 120 | 254 | 271 | 364 | 1,136 | 840 |
| Adjusted gross income | $2,484 | $16,843 | $36,964 | $62,256 | $87,157 | $140,762 | $496,255 |
| Salaries and wages | $3,362 | $9,393 | $22,244 | $36,290 | $53,847 | $101,472 | $295,132 |
| Taxable interest | $435 | $1,278 | $1,461 | $2,277 | $2,605 | $2,745 | $10,268 |
| Ordinary dividends | $564 | $1,255 | $2,039 | $2,808 | $3,655 | $4,167 | $20,484 |
| Business or professional net income | $-226 | $1,578 | $2,940 | $3,818 | $5,275 | $9,735 | $23,520 |
| Net capital gain | $-211 | $43 | $187 | $782 | $987 | $1,718 | $58,350 |
| Taxable individual retirement account distributions | $132 | $1,081 | $2,150 | $3,204 | $4,305 | $4,157 | $6,266 |
| Taxable pensions and annuities | $212 | $2,028 | $4,272 | $7,327 | $10,264 | $9,373 | $8,643 |
| Unemployment compensation | $31 | $365 | $505 | $407 | $440 | $293 | $237 |
| Taxable Social Security benefits | $0 | $233 | $2,078 | $4,917 | $5,654 | $3,982 | $2,570 |
| Self-employment retirement plans | $0 | $0 | $247 | $168 | $499 | $1,149 | $3,367 |
| Total itemized deductions | $2,292 | $4,736 | $9,226 | $14,928 | $21,313 | $31,190 | $68,512 |
| State and local income taxes | $168 | $173 | $672 | $1,855 | $3,557 | $7,009 | $28,059 |
| State and local general sales tax | $10 | $54 | $76 | $60 | $41 | $41 | $0 |
| Real estate taxes | $484 | $1,045 | $2,177 | $3,516 | $4,916 | $6,693 | $11,184 |
| Taxes paid | $683 | $1,324 | $3,027 | $5,636 | $8,846 | $14,165 | $39,999 |
| Mortgage interest paid | $710 | $1,296 | $2,872 | $5,645 | $7,737 | $12,008 | $18,303 |
| Contributions | $26 | $219 | $478 | $988 | $1,470 | $2,258 | $8,033 |
| Taxable income | $452 | $5,559 | $19,463 | $37,916 | $55,880 | $98,470 | $418,188 |
| Total tax credits | $2 | $77 | $224 | $416 | $724 | $507 | $1,053 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $8 | $115 | $284 | $483 | $327 | $0 |
| Child and dependent care credit | $0 | $0 | $12 | $20 | $38 | $58 | $60 |
| Earned income credit | $45 | $264 | $75 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $36 | $192 | $42 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $50 | $257 | $5,195 |
| Income tax | $42 | $512 | $2,164 | $5,021 | $7,526 | $17,225 | $112,445 |
| Total tax liability | $120 | $815 | $2,743 | $5,803 | $8,590 | $18,890 | $115,808 |
| Tax due at time of filing | $43 | $169 | $356 | $666 | $699 | $1,295 | $10,450 |
| Overpayments refunded | $-421 | $-1,057 | $-1,769 | $-2,503 | $-3,350 | $-3,883 | $-5,572 |
| Total Tax Liability / AGI | 5% | 5% | 7% | 9% | 10% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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