IRS Income Data for Sherman, NY 14781
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 27% | 26% | 15% | 5% | 5% | 0% |
| Number of returns | 208 | 249 | 240 | 144 | 44 | 47 | 0 |
| Number of joint returns | 31 | 87 | 136 | 124 | 42 | 46 | 0 |
| Number of returns from paid preparer | 105 | 164 | 152 | 97 | 27 | 31 | 0 |
| Total number of exemptions | 214 | 519 | 589 | 434 | 127 | 128 | 0 |
| Total number of dependents | 24 | 90 | 104 | 74 | 20 | 17 | 0 |
| Adjusted gross income | $3,098 | $17,539 | $35,633 | $59,492 | $85,744 | $133,531 | |
| Salaries and wages | $3,617 | $11,745 | $28,387 | $48,371 | $68,061 | $101,738 | |
| Taxable interest | $307 | $306 | $553 | $1,056 | $802 | $644 | |
| Ordinary dividends | $118 | $215 | $400 | $440 | $258 | $373 | |
| Business or professional net income | $-421 | $2,002 | $1,691 | $1,448 | $-1,981 | $0 | |
| Net capital gain | $-97 | $109 | $584 | $444 | $0 | $3,239 | |
| Taxable individual retirement account distributions | $0 | $624 | $490 | $1,127 | $0 | $0 | |
| Taxable pensions and annuities | $217 | $2,230 | $2,412 | $3,958 | $7,362 | $12,670 | |
| Unemployment compensation | $0 | $551 | $641 | $833 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $105 | $772 | $1,765 | $6,475 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $491 | $1,404 | $3,597 | $8,451 | $13,640 | |
| State and local income taxes | $0 | $0 | $213 | $535 | $2,171 | $4,705 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $266 | $638 | $1,592 | $2,497 | |
| Taxes paid | $0 | $0 | $505 | $1,213 | $3,767 | $7,273 | |
| Mortgage interest paid | $0 | $0 | $385 | $1,262 | $2,166 | $2,156 | |
| Contributions | $0 | $0 | $331 | $459 | $1,522 | $2,803 | |
| Taxable income | $111 | $4,434 | $17,279 | $36,633 | $61,087 | $103,344 | |
| Total tax credits | $0 | $45 | $395 | $878 | $770 | $445 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $20 | $316 | $699 | $727 | $396 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $263 | $1,168 | $386 | $0 | $0 | $0 | |
| Excess earned income credit | $221 | $993 | $305 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $11 | $429 | $1,656 | $3,884 | $7,619 | $17,925 | |
| Total tax liability | $128 | $723 | $1,959 | $4,178 | $8,079 | $17,429 | |
| Tax due at time of filing | $39 | $85 | $138 | $325 | $0 | $1,155 | |
| Overpayments refunded | $-644 | $-2,261 | $-2,315 | $-2,220 | $-2,458 | $-2,434 | |
| Total Tax Liability / AGI | 4% | 4% | 5% | 7% | 9% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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