IRS Income Data for Basking Ridge, NJ 07920
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 8% | 10% | 10% | 9% | 21% | 23% |
| Number of returns | 2,476 | 1,005 | 1,269 | 1,346 | 1,199 | 2,840 | 3,075 |
| Number of joint returns | 119 | 149 | 226 | 366 | 532 | 2,068 | 2,781 |
| Number of returns from paid preparer | 1,474 | 601 | 783 | 862 | 753 | 1,732 | 2,162 |
| Total number of exemptions | 966 | 1,166 | 1,798 | 2,220 | 2,466 | 7,769 | 10,796 |
| Total number of dependents | 93 | 108 | 227 | 312 | 403 | 1,487 | 2,298 |
| Adjusted gross income | $1,950 | $16,909 | $37,568 | $62,374 | $87,241 | $142,284 | $560,953 |
| Salaries and wages | $3,251 | $9,037 | $23,034 | $38,843 | $60,370 | $108,163 | $417,326 |
| Taxable interest | $943 | $1,531 | $2,163 | $3,279 | $2,814 | $3,765 | $8,625 |
| Ordinary dividends | $696 | $1,493 | $2,163 | $3,349 | $3,060 | $5,176 | $14,286 |
| Business or professional net income | $-168 | $1,218 | $2,699 | $2,657 | $3,385 | $5,555 | $13,437 |
| Net capital gain | $-118 | $140 | $1,034 | $328 | $735 | $1,213 | $40,214 |
| Taxable individual retirement account distributions | $135 | $922 | $1,693 | $2,947 | $3,452 | $4,694 | $3,454 |
| Taxable pensions and annuities | $183 | $2,452 | $3,779 | $6,606 | $7,431 | $7,323 | $5,298 |
| Unemployment compensation | $49 | $335 | $609 | $426 | $347 | $529 | $390 |
| Taxable Social Security benefits | $0 | $254 | $2,243 | $4,618 | $4,802 | $3,905 | $1,632 |
| Self-employment retirement plans | $0 | $0 | $138 | $154 | $244 | $585 | $2,836 |
| Total itemized deductions | $2,808 | $6,184 | $10,998 | $16,721 | $21,579 | $33,233 | $88,893 |
| State and local income taxes | $353 | $151 | $1,005 | $1,475 | $3,005 | $6,694 | $44,177 |
| State and local general sales tax | $11 | $95 | $135 | $140 | $103 | $77 | $23 |
| Real estate taxes | $676 | $1,733 | $2,819 | $4,470 | $5,791 | $8,262 | $14,732 |
| Taxes paid | $1,043 | $1,991 | $3,995 | $6,166 | $8,983 | $15,185 | $59,327 |
| Mortgage interest paid | $951 | $1,465 | $2,827 | $5,463 | $7,320 | $12,105 | $20,903 |
| Contributions | $23 | $313 | $613 | $1,248 | $1,648 | $2,446 | $8,530 |
| Taxable income | $553 | $5,592 | $20,326 | $38,540 | $57,325 | $99,381 | $462,610 |
| Total tax credits | $5 | $93 | $225 | $271 | $517 | $369 | $1,652 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $5 | $60 | $174 | $346 | $211 | $0 |
| Child and dependent care credit | $0 | $0 | $12 | $16 | $19 | $51 | $58 |
| Earned income credit | $32 | $192 | $49 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $23 | $154 | $34 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $27 | $358 | $9,061 |
| Income tax | $53 | $502 | $2,362 | $5,508 | $8,842 | $18,293 | $135,142 |
| Total tax liability | $179 | $733 | $2,840 | $6,065 | $9,592 | $19,277 | $137,791 |
| Tax due at time of filing | $53 | $198 | $370 | $409 | $563 | $1,026 | $8,450 |
| Overpayments refunded | $-382 | $-1,116 | $-1,898 | $-2,579 | $-3,355 | $-4,322 | $-7,129 |
| Total Tax Liability / AGI | 9% | 4% | 8% | 10% | 11% | 14% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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