IRS Income Data for Spencer, WV 25276
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 29% | 25% | 14% | 6% | 4% | 1% |
| Number of returns | 653 | 859 | 735 | 407 | 165 | 130 | 43 |
| Number of joint returns | 140 | 317 | 424 | 315 | 144 | 117 | 39 |
| Number of returns from paid preparer | 335 | 490 | 463 | 270 | 108 | 102 | 39 |
| Total number of exemptions | 890 | 1,632 | 1,671 | 1,084 | 470 | 348 | 113 |
| Total number of dependents | 145 | 279 | 294 | 194 | 84 | 57 | 17 |
| Adjusted gross income | $3,633 | $17,143 | $36,242 | $60,613 | $85,581 | $132,155 | $465,457 |
| Salaries and wages | $3,795 | $12,915 | $29,200 | $46,963 | $67,517 | $85,610 | $140,908 |
| Taxable interest | $241 | $578 | $636 | $1,140 | $1,063 | $3,647 | $10,717 |
| Ordinary dividends | $78 | $78 | $282 | $418 | $384 | $3,384 | $8,914 |
| Business or professional net income | $8 | $611 | $860 | $2,048 | $1,902 | $9,212 | $19,735 |
| Net capital gain | $6 | $176 | $294 | $781 | $2,544 | $7,861 | $104,161 |
| Taxable individual retirement account distributions | $126 | $367 | $372 | $716 | $1,256 | $1,119 | $0 |
| Taxable pensions and annuities | $529 | $2,005 | $3,236 | $4,185 | $5,981 | $9,012 | $4,931 |
| Unemployment compensation | $145 | $238 | $564 | $544 | $554 | $548 | $0 |
| Taxable Social Security benefits | $0 | $50 | $843 | $2,916 | $3,584 | $3,502 | $7,317 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $403 | $271 | $1,182 | $3,140 | $6,003 | $12,085 | $41,555 |
| State and local income taxes | $0 | $13 | $186 | $506 | $1,488 | $4,322 | $29,624 |
| State and local general sales tax | $0 | $8 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $11 | $0 | $23 | $67 | $179 | $387 | $2,087 |
| Taxes paid | $0 | $21 | $221 | $606 | $1,729 | $4,889 | $32,328 |
| Mortgage interest paid | $219 | $0 | $296 | $722 | $1,810 | $3,459 | $4,093 |
| Contributions | $0 | $0 | $102 | $286 | $593 | $1,494 | $5,861 |
| Taxable income | $131 | $4,223 | $18,789 | $39,743 | $62,048 | $106,035 | $415,029 |
| Total tax credits | $0 | $40 | $392 | $760 | $839 | $423 | $336 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $20 | $309 | $677 | $709 | $264 | $0 |
| Child and dependent care credit | $0 | $0 | $11 | $26 | $43 | $0 | $0 |
| Earned income credit | $404 | $979 | $276 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $366 | $915 | $244 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,236 |
| Income tax | $13 | $422 | $1,848 | $4,629 | $7,939 | $18,256 | $105,838 |
| Total tax liability | $106 | $546 | $2,031 | $4,976 | $8,302 | $20,199 | $110,037 |
| Tax due at time of filing | $13 | $72 | $165 | $681 | $689 | $2,081 | $32,806 |
| Overpayments refunded | $-736 | $-2,039 | $-2,239 | $-2,331 | $-2,690 | $-2,799 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 10% | 15% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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