IRS Income Data for Verbank, NY 12585
View threads near Verbank, NY 12585 or Start a new Verbank NY 12585 thread
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 18% | 17% | 15% | 10% | 21% | 4% |
| Number of returns | 68 | 80 | 78 | 66 | 44 | 94 | 17 |
| Number of joint returns | 0 | 24 | 30 | 35 | 32 | 88 | 14 |
| Number of returns from paid preparer | 33 | 48 | 51 | 43 | 31 | 61 | 10 |
| Total number of exemptions | 28 | 118 | 146 | 145 | 127 | 307 | 52 |
| Total number of dependents | 0 | 16 | 23 | 26 | 27 | 59 | 12 |
| Adjusted gross income | $4,162 | $17,875 | $36,635 | $63,166 | $87,515 | $133,220 | $333,037 |
| Salaries and wages | $3,592 | $12,488 | $28,803 | $49,539 | $62,910 | $101,834 | $231,084 |
| Taxable interest | $355 | $923 | $218 | $892 | $1,612 | $1,644 | $1,063 |
| Ordinary dividends | $337 | $581 | $219 | $384 | $740 | $1,323 | $4,310 |
| Business or professional net income | $357 | $0 | $1,984 | $696 | $1,602 | $6,040 | $0 |
| Net capital gain | $-265 | $-222 | $0 | $-129 | $-21 | $240 | $-1,206 |
| Taxable individual retirement account distributions | $0 | $420 | $0 | $0 | $0 | $3,098 | $0 |
| Taxable pensions and annuities | $0 | $2,694 | $3,902 | $4,860 | $13,172 | $13,749 | $0 |
| Unemployment compensation | $0 | $1,000 | $0 | $0 | $1,056 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,017 | $5,250 | $0 | $4,269 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $5,029 | $6,241 | $10,519 | $19,080 | $27,801 | $65,001 |
| State and local income taxes | $0 | $124 | $462 | $1,562 | $4,115 | $7,380 | $22,727 |
| State and local general sales tax | $85 | $0 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $1,584 | $1,540 | $2,466 | $3,792 | $5,936 | $8,751 |
| Taxes paid | $0 | $1,823 | $2,053 | $4,172 | $8,070 | $13,398 | $31,500 |
| Mortgage interest paid | $0 | $1,070 | $3,322 | $5,211 | $7,355 | $10,047 | $11,751 |
| Contributions | $0 | $159 | $285 | $414 | $1,263 | $2,519 | $4,910 |
| Taxable income | $433 | $5,558 | $19,047 | $40,910 | $56,141 | $93,187 | $258,798 |
| Total tax credits | $0 | $92 | $178 | $585 | $964 | $589 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $137 | $455 | $747 | $372 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $83 | $0 |
| Earned income credit | $0 | $610 | $0 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $0 | $462 | $0 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $6,554 |
| Income tax | $41 | $522 | $2,270 | $5,307 | $7,574 | $15,884 | $71,126 |
| Total tax liability | $64 | $648 | $2,730 | $5,629 | $8,228 | $16,959 | $74,587 |
| Tax due at time of filing | $0 | $171 | $0 | $595 | $0 | $1,020 | $0 |
| Overpayments refunded | $-261 | $-1,503 | $-2,022 | $-2,422 | $-2,685 | $-3,908 | $0 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 9% | 9% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
Please discuss this service and make suggestions for improvement.