IRS Income Data for Chesapeake, VA 23325
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 25% | 31% | 16% | 8% | 5% | 0% |
| Number of returns | 1,250 | 2,187 | 2,640 | 1,345 | 705 | 410 | 40 |
| Number of joint returns | 71 | 297 | 767 | 806 | 566 | 367 | 39 |
| Number of returns from paid preparer | 485 | 1,026 | 1,210 | 684 | 355 | 215 | 30 |
| Total number of exemptions | 1,325 | 3,769 | 5,103 | 3,113 | 1,791 | 1,082 | 99 |
| Total number of dependents | 258 | 865 | 1,044 | 557 | 305 | 174 | 14 |
| Adjusted gross income | $4,907 | $17,293 | $36,073 | $61,164 | $85,525 | $124,719 | $511,583 |
| Salaries and wages | $4,678 | $13,958 | $29,744 | $48,459 | $66,028 | $92,573 | $233,753 |
| Taxable interest | $95 | $286 | $418 | $925 | $817 | $2,082 | $47,991 |
| Ordinary dividends | $60 | $90 | $126 | $319 | $544 | $1,232 | $12,331 |
| Business or professional net income | $-23 | $522 | $494 | $714 | $545 | $1,596 | $0 |
| Net capital gain | $20 | $3 | $-8 | $188 | $204 | $3,811 | $37,574 |
| Taxable individual retirement account distributions | $58 | $223 | $360 | $550 | $1,625 | $2,216 | $0 |
| Taxable pensions and annuities | $328 | $2,117 | $4,173 | $7,340 | $11,614 | $15,088 | $16,862 |
| Unemployment compensation | $73 | $170 | $120 | $213 | $104 | $160 | $0 |
| Taxable Social Security benefits | $0 | $90 | $832 | $2,606 | $3,449 | $4,011 | $10,416 |
| Self-employment retirement plans | $0 | $0 | $20 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $773 | $1,815 | $5,879 | $12,184 | $17,646 | $23,869 | $90,324 |
| State and local income taxes | $13 | $65 | $490 | $1,557 | $2,725 | $4,953 | $32,597 |
| State and local general sales tax | $6 | $13 | $36 | $23 | $46 | $0 | $0 |
| Real estate taxes | $92 | $249 | $667 | $1,425 | $1,961 | $2,751 | $6,843 |
| Taxes paid | $127 | $351 | $1,287 | $3,201 | $5,034 | $8,214 | $40,814 |
| Mortgage interest paid | $394 | $870 | $2,842 | $5,607 | $8,021 | $9,784 | $11,233 |
| Contributions | $32 | $181 | $731 | $1,646 | $2,618 | $4,052 | $13,191 |
| Taxable income | $227 | $4,715 | $18,653 | $37,350 | $56,437 | $90,424 | $424,875 |
| Total tax credits | $0 | $96 | $402 | $658 | $721 | $445 | $755 |
| Residential energy tax credit | $0 | $0 | $7 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $40 | $248 | $479 | $487 | $275 | $0 |
| Child and dependent care credit | $0 | $14 | $51 | $60 | $73 | $68 | $0 |
| Earned income credit | $458 | $1,199 | $240 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $429 | $1,123 | $202 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $75 | $2,146 |
| Income tax | $23 | $415 | $1,944 | $4,571 | $7,526 | $15,109 | $116,131 |
| Total tax liability | $84 | $522 | $2,059 | $4,725 | $7,752 | $15,647 | $120,324 |
| Tax due at time of filing | $28 | $48 | $124 | $268 | $469 | $1,536 | $11,171 |
| Overpayments refunded | $-815 | $-2,348 | $-2,213 | $-2,364 | $-2,685 | $-2,200 | $-7,889 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 13% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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