IRS Income Data for Milmay, NJ 08340
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 17% | 17% | 19% | 13% | 20% | 0% |
| Number of returns | 62 | 73 | 75 | 81 | 56 | 86 | 0 |
| Number of joint returns | 0 | 15 | 29 | 49 | 50 | 80 | 0 |
| Number of returns from paid preparer | 42 | 51 | 51 | 56 | 42 | 70 | 0 |
| Total number of exemptions | 36 | 100 | 140 | 164 | 156 | 268 | 0 |
| Total number of dependents | 0 | 17 | 23 | 20 | 28 | 50 | 0 |
| Adjusted gross income | $3,407 | $17,253 | $37,913 | $60,417 | $86,098 | $139,055 | |
| Salaries and wages | $4,991 | $12,438 | $29,296 | $44,988 | $72,080 | $109,660 | |
| Taxable interest | $273 | $355 | $447 | $1,090 | $485 | $1,073 | |
| Ordinary dividends | $121 | $134 | $321 | $342 | $261 | $1,638 | |
| Business or professional net income | $0 | $0 | $1,411 | $856 | $0 | $-11 | |
| Net capital gain | $-408 | $0 | $-53 | $-202 | $0 | $589 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $2,691 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $3,165 | $3,703 | $6,321 | $9,911 | $12,367 | |
| Unemployment compensation | $0 | $1,066 | $979 | $1,209 | $0 | $1,322 | |
| Taxable Social Security benefits | $0 | $0 | $1,186 | $4,201 | $5,022 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $6,249 | $12,313 | $13,893 | $24,741 | |
| State and local income taxes | $0 | $0 | $345 | $1,102 | $1,767 | $5,465 | |
| State and local general sales tax | $0 | $88 | $0 | $172 | $0 | $0 | |
| Real estate taxes | $1,450 | $0 | $1,709 | $3,276 | $3,923 | $6,490 | |
| Taxes paid | $1,874 | $0 | $2,200 | $4,543 | $5,829 | $12,396 | |
| Mortgage interest paid | $0 | $0 | $3,411 | $4,765 | $5,139 | $7,163 | |
| Contributions | $0 | $0 | $462 | $864 | $903 | $1,760 | |
| Taxable income | $0 | $5,943 | $20,396 | $37,394 | $59,634 | $101,042 | |
| Total tax credits | $0 | $85 | $266 | $339 | $980 | $762 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $160 | $254 | $581 | $583 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $87 | |
| Earned income credit | $0 | $339 | $0 | $0 | $0 | $0 | |
| Excess earned income credit | $287 | $0 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $576 | $2,263 | $4,861 | $7,720 | $18,316 | |
| Total tax liability | $126 | $697 | $2,555 | $5,203 | $7,898 | $18,700 | |
| Tax due at time of filing | $0 | $110 | $0 | $286 | $264 | $1,243 | |
| Overpayments refunded | $-623 | $-1,334 | $-1,729 | $-2,909 | $-2,647 | $-3,638 | |
| Total Tax Liability / AGI | 4% | 4% | 7% | 9% | 9% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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