IRS Income Data for Richmond, VA 23234
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 28% | 32% | 13% | 6% | 4% | 0% |
| Number of returns | 3,103 | 5,212 | 5,892 | 2,446 | 1,163 | 809 | 62 |
| Number of joint returns | 196 | 624 | 1,210 | 1,179 | 845 | 701 | 48 |
| Number of returns from paid preparer | 1,429 | 2,847 | 2,945 | 1,240 | 575 | 436 | 43 |
| Total number of exemptions | 3,932 | 10,312 | 12,458 | 5,584 | 2,939 | 2,145 | 143 |
| Total number of dependents | 893 | 2,619 | 2,893 | 1,100 | 539 | 365 | 22 |
| Adjusted gross income | $4,568 | $17,460 | $35,723 | $60,936 | $85,881 | $124,619 | $500,007 |
| Salaries and wages | $4,503 | $14,661 | $31,702 | $49,874 | $67,816 | $94,040 | $137,379 |
| Taxable interest | $118 | $171 | $279 | $684 | $1,029 | $1,892 | $15,479 |
| Ordinary dividends | $51 | $82 | $129 | $367 | $716 | $2,585 | $13,159 |
| Business or professional net income | $226 | $775 | $231 | $478 | $976 | $15 | $5,198 |
| Net capital gain | $5 | $4 | $15 | $152 | $403 | $1,032 | $31,673 |
| Taxable individual retirement account distributions | $76 | $223 | $441 | $1,286 | $2,336 | $6,183 | $0 |
| Taxable pensions and annuities | $310 | $1,392 | $2,300 | $5,779 | $8,764 | $14,168 | $34,270 |
| Unemployment compensation | $71 | $229 | $152 | $203 | $172 | $94 | $0 |
| Taxable Social Security benefits | $0 | $66 | $624 | $2,202 | $3,421 | $3,831 | $6,778 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $700 | $1,804 | $5,971 | $12,418 | $16,726 | $22,390 | $45,095 |
| State and local income taxes | $23 | $78 | $600 | $1,722 | $2,952 | $5,231 | $26,300 |
| State and local general sales tax | $4 | $6 | $8 | $17 | $11 | $0 | $0 |
| Real estate taxes | $71 | $175 | $491 | $1,108 | $1,437 | $2,002 | $3,725 |
| Taxes paid | $110 | $280 | $1,190 | $3,052 | $4,701 | $7,699 | $30,563 |
| Mortgage interest paid | $338 | $670 | $2,433 | $5,308 | $7,043 | $8,411 | $6,999 |
| Contributions | $26 | $183 | $708 | $1,757 | $2,729 | $4,421 | $8,984 |
| Taxable income | $177 | $4,235 | $17,812 | $37,327 | $57,765 | $91,445 | $446,692 |
| Total tax credits | $0 | $107 | $488 | $612 | $749 | $449 | $193 |
| Residential energy tax credit | $0 | $0 | $3 | $12 | $0 | $0 | $0 |
| Child tax credit | $0 | $59 | $333 | $469 | $508 | $281 | $0 |
| Child and dependent care credit | $0 | $14 | $58 | $50 | $79 | $81 | $0 |
| Earned income credit | $602 | $1,325 | $271 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $559 | $1,220 | $237 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $42 | $53 | $2,771 |
| Income tax | $17 | $348 | $1,741 | $4,689 | $7,916 | $15,443 | $111,038 |
| Total tax liability | $99 | $490 | $1,834 | $4,872 | $8,224 | $15,803 | $112,380 |
| Tax due at time of filing | $26 | $54 | $116 | $317 | $541 | $1,269 | $12,422 |
| Overpayments refunded | $-975 | $-2,526 | $-2,369 | $-2,505 | $-2,691 | $-2,395 | $-4,312 |
| Total Tax Liability / AGI | 2% | 3% | 5% | 8% | 10% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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