IRS Income Data for Millburn, NJ 07041
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 10% | 15% | 12% | 8% | 19% | 18% |
| Number of returns | 579 | 344 | 499 | 419 | 282 | 652 | 607 |
| Number of joint returns | 31 | 55 | 110 | 119 | 149 | 501 | 557 |
| Number of returns from paid preparer | 373 | 221 | 343 | 260 | 195 | 439 | 457 |
| Total number of exemptions | 286 | 471 | 817 | 724 | 650 | 1,877 | 2,050 |
| Total number of dependents | 31 | 64 | 131 | 119 | 130 | 396 | 450 |
| Adjusted gross income | $2,358 | $17,507 | $37,192 | $62,229 | $86,089 | $145,311 | $386,047 |
| Salaries and wages | $2,798 | $10,490 | $25,924 | $44,282 | $64,140 | $116,538 | $284,498 |
| Taxable interest | $441 | $1,233 | $1,794 | $2,336 | $3,026 | $3,192 | $5,785 |
| Ordinary dividends | $470 | $832 | $1,226 | $2,105 | $2,579 | $3,797 | $10,805 |
| Business or professional net income | $11 | $2,023 | $1,913 | $3,961 | $5,290 | $6,755 | $19,061 |
| Net capital gain | $-243 | $-99 | $-41 | $483 | $-55 | $458 | $16,165 |
| Taxable individual retirement account distributions | $177 | $845 | $1,012 | $1,723 | $1,507 | $2,182 | $4,573 |
| Taxable pensions and annuities | $233 | $1,558 | $3,234 | $4,604 | $5,978 | $6,053 | $4,428 |
| Unemployment compensation | $0 | $554 | $502 | $342 | $439 | $348 | $313 |
| Taxable Social Security benefits | $0 | $237 | $1,727 | $3,668 | $3,906 | $3,128 | $1,679 |
| Self-employment retirement plans | $0 | $0 | $0 | $350 | $0 | $653 | $3,634 |
| Total itemized deductions | $1,784 | $4,255 | $7,299 | $11,271 | $18,839 | $30,789 | $59,413 |
| State and local income taxes | $104 | $124 | $339 | $1,170 | $2,797 | $7,026 | $26,343 |
| State and local general sales tax | $11 | $67 | $94 | $81 | $86 | $51 | $0 |
| Real estate taxes | $638 | $1,467 | $2,316 | $3,579 | $5,291 | $8,049 | $11,477 |
| Taxes paid | $659 | $1,671 | $2,762 | $4,873 | $8,250 | $15,220 | $37,956 |
| Mortgage interest paid | $759 | $722 | $1,719 | $3,255 | $5,766 | $10,943 | $17,015 |
| Contributions | $16 | $226 | $518 | $850 | $1,639 | $2,419 | $5,020 |
| Taxable income | $594 | $5,675 | $20,745 | $41,703 | $56,956 | $103,555 | $316,758 |
| Total tax credits | $7 | $69 | $274 | $340 | $694 | $355 | $478 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $123 | $218 | $449 | $215 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $26 | $26 | $61 | $95 |
| Earned income credit | $83 | $361 | $98 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $61 | $269 | $69 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $359 | $5,787 |
| Income tax | $58 | $563 | $2,408 | $6,114 | $8,355 | $19,501 | $86,982 |
| Total tax liability | $116 | $929 | $2,815 | $6,730 | $9,349 | $20,859 | $89,918 |
| Tax due at time of filing | $55 | $189 | $339 | $687 | $813 | $1,152 | $7,290 |
| Overpayments refunded | $-311 | $-1,156 | $-1,472 | $-2,167 | $-3,024 | $-3,795 | $-3,581 |
| Total Tax Liability / AGI | 5% | 5% | 8% | 11% | 11% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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