IRS Income Data for New Hope, PA 18938
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 12% | 14% | 11% | 8% | 17% | 18% |
| Number of returns | 1,343 | 841 | 1,005 | 755 | 557 | 1,210 | 1,268 |
| Number of joint returns | 132 | 152 | 251 | 292 | 294 | 898 | 1,100 |
| Number of returns from paid preparer | 833 | 507 | 665 | 497 | 376 | 820 | 980 |
| Total number of exemptions | 895 | 1,101 | 1,454 | 1,317 | 1,073 | 3,106 | 3,815 |
| Total number of dependents | 63 | 93 | 137 | 148 | 137 | 514 | 713 |
| Adjusted gross income | $1,018 | $16,900 | $36,793 | $61,675 | $86,413 | $143,208 | $751,007 |
| Salaries and wages | $3,811 | $9,718 | $22,097 | $36,887 | $53,763 | $102,300 | $433,170 |
| Taxable interest | $2,723 | $1,402 | $1,695 | $2,559 | $3,099 | $4,111 | $18,088 |
| Ordinary dividends | $1,181 | $1,079 | $1,927 | $2,910 | $3,611 | $5,647 | $26,663 |
| Business or professional net income | $-125 | $1,827 | $2,308 | $3,509 | $3,921 | $5,887 | $18,865 |
| Net capital gain | $1,634 | $-14 | $61 | $816 | $563 | $1,150 | $111,152 |
| Taxable individual retirement account distributions | $346 | $1,158 | $2,168 | $3,043 | $5,376 | $5,903 | $5,918 |
| Taxable pensions and annuities | $686 | $2,614 | $4,564 | $7,240 | $9,540 | $9,845 | $8,866 |
| Unemployment compensation | $31 | $270 | $630 | $372 | $416 | $380 | $200 |
| Taxable Social Security benefits | $0 | $188 | $2,126 | $4,690 | $5,895 | $4,708 | $3,055 |
| Self-employment retirement plans | $0 | $0 | $0 | $262 | $0 | $746 | $2,854 |
| Total itemized deductions | $5,232 | $3,968 | $7,758 | $14,324 | $20,340 | $34,283 | $99,220 |
| State and local income taxes | $844 | $199 | $571 | $1,525 | $2,728 | $5,995 | $40,955 |
| State and local general sales tax | $12 | $24 | $46 | $63 | $86 | $75 | $37 |
| Real estate taxes | $948 | $726 | $1,444 | $2,978 | $4,172 | $6,368 | $13,731 |
| Taxes paid | $1,830 | $952 | $2,099 | $4,614 | $7,079 | $12,612 | $55,323 |
| Mortgage interest paid | $1,930 | $1,234 | $2,947 | $5,365 | $8,233 | $15,585 | $24,156 |
| Contributions | $33 | $201 | $456 | $1,241 | $1,720 | $2,837 | $16,421 |
| Taxable income | $307 | $5,164 | $20,616 | $38,540 | $57,556 | $101,520 | $645,783 |
| Total tax credits | $2 | $66 | $142 | $257 | $420 | $384 | $2,207 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $64 | $162 | $222 | $196 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $10 | $0 | $49 | $45 |
| Earned income credit | $56 | $154 | $39 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $32 | $109 | $26 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $278 | $5,802 |
| Income tax | $30 | $482 | $2,492 | $5,405 | $8,772 | $18,742 | $183,033 |
| Total tax liability | $218 | $803 | $2,985 | $6,044 | $9,473 | $19,721 | $186,098 |
| Tax due at time of filing | $74 | $230 | $356 | $541 | $763 | $1,312 | $18,826 |
| Overpayments refunded | $-850 | $-1,016 | $-1,579 | $-2,227 | $-3,334 | $-4,534 | $-12,493 |
| Total Tax Liability / AGI | 21% | 5% | 8% | 10% | 11% | 14% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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