IRS Income Data for Palisades Park, NJ 07650
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 23% | 25% | 14% | 7% | 9% | 2% |
| Number of returns | 1,601 | 1,803 | 1,952 | 1,077 | 573 | 670 | 150 |
| Number of joint returns | 296 | 574 | 727 | 472 | 345 | 491 | 125 |
| Number of returns from paid preparer | 1,205 | 1,426 | 1,487 | 780 | 433 | 498 | 126 |
| Total number of exemptions | 1,848 | 3,158 | 3,691 | 2,170 | 1,283 | 1,741 | 415 |
| Total number of dependents | 203 | 542 | 652 | 388 | 221 | 330 | 82 |
| Adjusted gross income | $3,118 | $16,947 | $36,749 | $61,068 | $86,305 | $136,022 | $319,469 |
| Salaries and wages | $3,979 | $11,990 | $31,234 | $52,323 | $73,372 | $113,618 | $214,971 |
| Taxable interest | $393 | $668 | $806 | $1,452 | $2,081 | $3,475 | $8,484 |
| Ordinary dividends | $106 | $166 | $195 | $584 | $893 | $1,284 | $3,242 |
| Business or professional net income | $975 | $3,061 | $2,383 | $2,566 | $2,055 | $5,392 | $11,479 |
| Net capital gain | $-106 | $-51 | $-57 | $4 | $49 | $2,034 | $35,188 |
| Taxable individual retirement account distributions | $83 | $163 | $305 | $597 | $706 | $756 | $1,700 |
| Taxable pensions and annuities | $361 | $724 | $912 | $1,720 | $2,993 | $4,296 | $5,646 |
| Unemployment compensation | $88 | $330 | $447 | $421 | $548 | $500 | $0 |
| Taxable Social Security benefits | $0 | $49 | $471 | $1,475 | $2,422 | $2,049 | $3,379 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $238 | $0 |
| Total itemized deductions | $1,865 | $2,357 | $5,668 | $9,967 | $15,928 | $27,234 | $51,249 |
| State and local income taxes | $60 | $41 | $330 | $1,070 | $2,459 | $6,090 | $18,692 |
| State and local general sales tax | $13 | $30 | $41 | $42 | $46 | $27 | $0 |
| Real estate taxes | $484 | $569 | $1,257 | $2,052 | $3,089 | $4,794 | $8,677 |
| Taxes paid | $605 | $645 | $1,652 | $3,200 | $5,703 | $10,997 | $27,793 |
| Mortgage interest paid | $811 | $1,014 | $2,508 | $4,341 | $6,586 | $10,229 | $17,274 |
| Contributions | $9 | $94 | $415 | $945 | $1,521 | $2,682 | $5,270 |
| Taxable income | $185 | $4,243 | $19,382 | $39,649 | $59,046 | $97,701 | $259,172 |
| Total tax credits | $1 | $83 | $321 | $471 | $603 | $364 | $164 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $14 | $158 | $280 | $371 | $211 | $0 |
| Child and dependent care credit | $0 | $2 | $20 | $24 | $51 | $55 | $58 |
| Earned income credit | $218 | $700 | $164 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $144 | $492 | $110 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $198 | $4,169 |
| Income tax | $17 | $378 | $2,175 | $5,553 | $8,839 | $17,856 | $64,907 |
| Total tax liability | $293 | $858 | $2,580 | $6,000 | $9,298 | $18,644 | $66,284 |
| Tax due at time of filing | $133 | $226 | $290 | $493 | $669 | $1,353 | $10,631 |
| Overpayments refunded | $-545 | $-1,364 | $-1,664 | $-2,215 | $-2,961 | $-3,782 | $-3,210 |
| Total Tax Liability / AGI | 9% | 5% | 7% | 10% | 11% | 14% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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