IRS Income Data for Allegany, NY 14706
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 22% | 22% | 13% | 10% | 10% | 2% |
| Number of returns | 592 | 633 | 638 | 387 | 303 | 275 | 60 |
| Number of joint returns | 58 | 151 | 263 | 278 | 271 | 254 | 58 |
| Number of returns from paid preparer | 269 | 350 | 386 | 246 | 172 | 164 | 47 |
| Total number of exemptions | 491 | 1,009 | 1,217 | 949 | 888 | 830 | 221 |
| Total number of dependents | 72 | 161 | 185 | 160 | 161 | 157 | 39 |
| Adjusted gross income | $4,272 | $17,242 | $36,362 | $61,763 | $86,203 | $127,886 | $400,033 |
| Salaries and wages | $3,748 | $12,181 | $27,597 | $47,294 | $69,437 | $101,514 | $191,253 |
| Taxable interest | $197 | $641 | $514 | $676 | $1,328 | $1,805 | $6,840 |
| Ordinary dividends | $218 | $453 | $468 | $904 | $1,146 | $1,504 | $11,765 |
| Business or professional net income | $-244 | $534 | $654 | $1,691 | $1,514 | $3,292 | $52,920 |
| Net capital gain | $-50 | $-41 | $89 | $559 | $417 | $1,490 | $11,018 |
| Taxable individual retirement account distributions | $162 | $715 | $1,514 | $2,054 | $3,086 | $4,334 | $0 |
| Taxable pensions and annuities | $602 | $2,507 | $3,887 | $5,113 | $6,084 | $9,420 | $0 |
| Unemployment compensation | $74 | $271 | $333 | $422 | $418 | $0 | $0 |
| Taxable Social Security benefits | $0 | $95 | $1,489 | $3,267 | $2,744 | $2,940 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $188 | $0 | $0 | $0 |
| Total itemized deductions | $388 | $1,072 | $2,339 | $5,854 | $10,389 | $18,255 | $61,536 |
| State and local income taxes | $27 | $36 | $272 | $1,018 | $2,307 | $5,918 | $24,900 |
| State and local general sales tax | $0 | $26 | $33 | $0 | $132 | $0 | $0 |
| Real estate taxes | $84 | $165 | $517 | $1,214 | $2,346 | $3,983 | $8,219 |
| Taxes paid | $115 | $234 | $830 | $2,326 | $4,812 | $9,984 | $33,203 |
| Mortgage interest paid | $0 | $231 | $598 | $1,411 | $3,240 | $4,590 | $6,960 |
| Contributions | $0 | $104 | $265 | $821 | $1,057 | $2,323 | $8,699 |
| Taxable income | $286 | $5,107 | $20,187 | $40,477 | $60,358 | $97,073 | $327,325 |
| Total tax credits | $0 | $69 | $319 | $696 | $984 | $576 | $175 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $29 | $211 | $540 | $670 | $458 | $0 |
| Child and dependent care credit | $0 | $0 | $21 | $36 | $33 | $70 | $0 |
| Earned income credit | $238 | $747 | $161 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $211 | $691 | $133 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $105 | $4,289 |
| Income tax | $29 | $480 | $2,169 | $4,842 | $7,577 | $16,539 | $90,154 |
| Total tax liability | $78 | $610 | $2,341 | $5,192 | $7,965 | $17,168 | $94,143 |
| Tax due at time of filing | $21 | $56 | $122 | $291 | $354 | $1,393 | $10,010 |
| Overpayments refunded | $-591 | $-1,787 | $-1,986 | $-2,304 | $-2,857 | $-2,708 | $-2,230 |
| Total Tax Liability / AGI | 2% | 4% | 6% | 8% | 9% | 13% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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