IRS Income Data for Cookstown, NJ 08511
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 20% | 24% | 15% | 11% | 12% | 0% |
| Number of returns | 96 | 101 | 122 | 75 | 59 | 62 | 0 |
| Number of joint returns | 11 | 18 | 28 | 40 | 44 | 57 | 0 |
| Number of returns from paid preparer | 48 | 64 | 65 | 49 | 35 | 33 | 0 |
| Total number of exemptions | 85 | 157 | 217 | 177 | 156 | 190 | 0 |
| Total number of dependents | 12 | 31 | 42 | 31 | 29 | 39 | 0 |
| Adjusted gross income | $2,388 | $17,386 | $37,301 | $62,196 | $87,018 | $128,249 | |
| Salaries and wages | $4,249 | $11,523 | $31,038 | $49,526 | $76,988 | $107,269 | |
| Taxable interest | $236 | $693 | $259 | $424 | $640 | $2,645 | |
| Ordinary dividends | $194 | $0 | $31 | $112 | $62 | $255 | |
| Business or professional net income | $1,597 | $0 | $222 | $0 | $-210 | $0 | |
| Net capital gain | $-140 | $0 | $-82 | $0 | $0 | $-28 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $3,739 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,731 | $3,623 | $6,617 | $4,913 | $12,821 | |
| Unemployment compensation | $0 | $1,268 | $1,537 | $0 | $1,224 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $709 | $2,958 | $4,685 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,525 | $4,099 | $12,281 | $16,898 | $22,369 | |
| State and local income taxes | $0 | $0 | $231 | $1,111 | $1,926 | $3,790 | |
| State and local general sales tax | $0 | $0 | $165 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $534 | $679 | $2,435 | $3,424 | $3,855 | |
| Taxes paid | $0 | $633 | $960 | $3,645 | $5,595 | $7,753 | |
| Mortgage interest paid | $0 | $1,602 | $1,952 | $6,003 | $8,265 | $10,869 | |
| Contributions | $0 | $0 | $232 | $739 | $988 | $2,100 | |
| Taxable income | $185 | $5,113 | $21,378 | $37,602 | $58,764 | $93,235 | |
| Total tax credits | $0 | $48 | $303 | $639 | $689 | $528 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $27 | $238 | $526 | $564 | $404 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $246 | $589 | $163 | $0 | $0 | $0 | |
| Excess earned income credit | $229 | $513 | $122 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $18 | $510 | $2,483 | $4,743 | $8,262 | $15,933 | |
| Total tax liability | $88 | $733 | $2,601 | $5,049 | $8,406 | $16,122 | |
| Tax due at time of filing | $0 | $128 | $97 | $561 | $0 | $1,156 | |
| Overpayments refunded | $-660 | $-1,500 | $-1,892 | $-2,898 | $-3,648 | $-3,079 | |
| Total Tax Liability / AGI | 4% | 4% | 7% | 8% | 10% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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