IRS Income Data for Newark, NJ 07108
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 37% | 28% | 9% | 3% | 1% | 0% |
| Number of returns | 2,072 | 3,506 | 2,681 | 831 | 261 | 124 | 0 |
| Number of joint returns | 76 | 167 | 204 | 162 | 86 | 71 | 0 |
| Number of returns from paid preparer | 1,333 | 2,504 | 1,907 | 587 | 198 | 94 | 0 |
| Total number of exemptions | 3,080 | 7,673 | 5,990 | 1,935 | 637 | 332 | 0 |
| Total number of dependents | 871 | 2,390 | 1,723 | 496 | 165 | 71 | 0 |
| Adjusted gross income | $5,332 | $16,553 | $35,213 | $59,843 | $84,933 | $127,601 | |
| Salaries and wages | $4,259 | $13,045 | $33,591 | $56,978 | $77,996 | $101,451 | |
| Taxable interest | $43 | $46 | $55 | $128 | $313 | $223 | |
| Ordinary dividends | $8 | $4 | $19 | $23 | $41 | $94 | |
| Business or professional net income | $901 | $1,635 | $-11 | $221 | $-221 | $-67 | |
| Net capital gain | $-6 | $-8 | $-4 | $-12 | $-9 | $0 | |
| Taxable individual retirement account distributions | $25 | $65 | $112 | $267 | $0 | $0 | |
| Taxable pensions and annuities | $342 | $966 | $1,333 | $2,617 | $4,079 | $11,810 | |
| Unemployment compensation | $457 | $1,189 | $687 | $491 | $653 | $0 | |
| Taxable Social Security benefits | $36 | $32 | $327 | $986 | $1,507 | $3,203 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $411 | $836 | $3,672 | $10,592 | $18,050 | $26,491 | |
| State and local income taxes | $7 | $21 | $277 | $1,094 | $2,408 | $4,586 | |
| State and local general sales tax | $4 | $8 | $16 | $40 | $0 | $0 | |
| Real estate taxes | $80 | $137 | $359 | $1,139 | $1,953 | $2,733 | |
| Taxes paid | $94 | $174 | $727 | $2,391 | $4,618 | $7,664 | |
| Mortgage interest paid | $171 | $343 | $1,046 | $3,222 | $5,768 | $8,862 | |
| Contributions | $21 | $82 | $640 | $2,048 | $3,481 | $4,653 | |
| Taxable income | $94 | $3,212 | $18,025 | $37,352 | $56,168 | $90,147 | |
| Total tax credits | $0 | $127 | $831 | $840 | $742 | $486 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $52 | $392 | $602 | $467 | $345 | |
| Child and dependent care credit | $0 | $21 | $146 | $106 | $72 | $122 | |
| Earned income credit | $974 | $2,194 | $447 | $0 | $0 | $0 | |
| Excess earned income credit | $839 | $1,954 | $397 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $11 | $0 | $240 | |
| Income tax | $9 | $218 | $1,411 | $4,611 | $8,370 | $16,326 | |
| Total tax liability | $165 | $475 | $1,459 | $4,701 | $8,453 | $16,650 | |
| Tax due at time of filing | $13 | $27 | $72 | $201 | $301 | $1,038 | |
| Overpayments refunded | $-1,465 | $-3,531 | $-3,202 | $-3,859 | $-4,896 | $-4,243 | |
| Total Tax Liability / AGI | 3% | 3% | 4% | 8% | 10% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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