IRS Income Data for Ocean City, NJ 08226
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 20% | 21% | 14% | 9% | 12% | 5% |
| Number of returns | 1,318 | 1,293 | 1,397 | 893 | 563 | 816 | 310 |
| Number of joint returns | 120 | 207 | 340 | 380 | 378 | 636 | 252 |
| Number of returns from paid preparer | 772 | 775 | 873 | 631 | 402 | 606 | 277 |
| Total number of exemptions | 1,146 | 1,897 | 2,208 | 1,607 | 1,195 | 1,931 | 746 |
| Total number of dependents | 127 | 255 | 280 | 198 | 139 | 271 | 97 |
| Adjusted gross income | $2,703 | $16,963 | $36,377 | $62,021 | $87,192 | $135,716 | $501,648 |
| Salaries and wages | $4,340 | $10,401 | $22,264 | $33,336 | $44,317 | $72,474 | $198,530 |
| Taxable interest | $816 | $1,178 | $1,577 | $3,003 | $3,962 | $4,987 | $15,568 |
| Ordinary dividends | $655 | $944 | $1,503 | $2,970 | $4,087 | $6,466 | $23,935 |
| Business or professional net income | $-326 | $1,133 | $1,566 | $2,211 | $3,790 | $8,999 | $32,180 |
| Net capital gain | $-66 | $-23 | $310 | $657 | $1,211 | $5,178 | $130,398 |
| Taxable individual retirement account distributions | $282 | $825 | $1,684 | $3,853 | $5,421 | $8,858 | $12,937 |
| Taxable pensions and annuities | $663 | $2,309 | $5,485 | $10,365 | $15,113 | $18,314 | $15,367 |
| Unemployment compensation | $158 | $658 | $590 | $628 | $592 | $359 | $287 |
| Taxable Social Security benefits | $0 | $184 | $2,239 | $5,917 | $8,485 | $8,298 | $7,084 |
| Self-employment retirement plans | $0 | $68 | $0 | $143 | $0 | $803 | $3,683 |
| Total itemized deductions | $3,437 | $3,482 | $5,694 | $11,637 | $16,609 | $29,366 | $83,540 |
| State and local income taxes | $212 | $109 | $294 | $1,054 | $2,155 | $5,327 | $28,199 |
| State and local general sales tax | $15 | $65 | $95 | $174 | $188 | $148 | $120 |
| Real estate taxes | $663 | $697 | $1,101 | $2,337 | $3,319 | $5,265 | $10,092 |
| Taxes paid | $1,031 | $892 | $1,513 | $3,615 | $5,743 | $10,957 | $38,725 |
| Mortgage interest paid | $1,273 | $785 | $1,762 | $4,050 | $5,842 | $10,544 | $19,499 |
| Contributions | $40 | $228 | $460 | $1,180 | $1,722 | $3,249 | $8,708 |
| Taxable income | $222 | $4,959 | $20,550 | $40,295 | $59,900 | $96,937 | $411,368 |
| Total tax credits | $0 | $64 | $210 | $298 | $416 | $296 | $1,227 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $21 | $112 | $181 | $248 | $152 | $0 |
| Child and dependent care credit | $0 | $0 | $13 | $8 | $11 | $18 | $0 |
| Earned income credit | $164 | $418 | $95 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $132 | $367 | $70 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $172 | $6,110 |
| Income tax | $19 | $457 | $2,364 | $5,598 | $8,592 | $16,872 | $99,298 |
| Total tax liability | $168 | $669 | $2,695 | $6,088 | $9,418 | $18,152 | $102,457 |
| Tax due at time of filing | $67 | $160 | $345 | $601 | $778 | $1,337 | $18,182 |
| Overpayments refunded | $-645 | $-1,249 | $-1,582 | $-1,871 | $-2,723 | $-3,504 | $-5,012 |
| Total Tax Liability / AGI | 6% | 4% | 7% | 10% | 11% | 13% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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