IRS Income Data for Madison, WV 25130
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 23% | 22% | 17% | 11% | 8% | 2% |
| Number of returns | 242 | 339 | 328 | 261 | 171 | 125 | 27 |
| Number of joint returns | 35 | 87 | 147 | 178 | 148 | 115 | 21 |
| Number of returns from paid preparer | 127 | 211 | 195 | 160 | 107 | 79 | 22 |
| Total number of exemptions | 278 | 593 | 685 | 621 | 489 | 354 | 66 |
| Total number of dependents | 55 | 105 | 129 | 114 | 93 | 65 | 11 |
| Adjusted gross income | $4,757 | $17,058 | $36,122 | $62,136 | $87,139 | $127,505 | $382,927 |
| Salaries and wages | $3,847 | $12,053 | $27,105 | $50,594 | $70,426 | $102,447 | $123,360 |
| Taxable interest | $144 | $521 | $755 | $1,217 | $2,247 | $1,696 | $8,239 |
| Ordinary dividends | $91 | $86 | $190 | $698 | $681 | $1,091 | $4,388 |
| Business or professional net income | $54 | $465 | $592 | $398 | $1,630 | $4,914 | $0 |
| Net capital gain | $0 | $67 | $38 | $-30 | $557 | $509 | $8,547 |
| Taxable individual retirement account distributions | $0 | $207 | $780 | $697 | $1,682 | $1,974 | $0 |
| Taxable pensions and annuities | $703 | $3,247 | $5,009 | $4,400 | $6,105 | $8,233 | $0 |
| Unemployment compensation | $0 | $205 | $148 | $179 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $77 | $1,338 | $3,174 | $3,276 | $3,014 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $556 | $1,262 | $2,908 | $5,209 | $13,382 | $38,687 |
| State and local income taxes | $0 | $0 | $141 | $563 | $1,278 | $4,822 | $23,006 |
| State and local general sales tax | $0 | $25 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $34 | $63 | $169 | $307 | $782 | $2,206 |
| Taxes paid | $0 | $73 | $218 | $825 | $1,726 | $5,876 | $26,059 |
| Mortgage interest paid | $0 | $0 | $582 | $803 | $1,861 | $3,790 | $7,192 |
| Contributions | $0 | $0 | $152 | $563 | $608 | $2,013 | $4,473 |
| Taxable income | $136 | $4,692 | $19,517 | $42,850 | $63,884 | $100,507 | $337,122 |
| Total tax credits | $0 | $47 | $313 | $496 | $870 | $629 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $256 | $443 | $746 | $429 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $488 | $858 | $263 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $452 | $803 | $230 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,474 |
| Income tax | $13 | $467 | $2,109 | $5,543 | $8,535 | $17,435 | $91,096 |
| Total tax liability | $56 | $559 | $2,237 | $5,612 | $8,985 | $18,164 | $101,282 |
| Tax due at time of filing | $0 | $64 | $157 | $289 | $470 | $1,164 | $21,679 |
| Overpayments refunded | $-814 | $-1,950 | $-2,089 | $-2,178 | $-2,633 | $-2,817 | $0 |
| Total Tax Liability / AGI | 1% | 3% | 6% | 9% | 10% | 14% | 26% |
All numbers in the table are 2010 averages for that income class and zip code.
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