IRS Income Data for Ararat, NC 27007
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 23% | 24% | 18% | 9% | 7% | 0% |
| Number of returns | 156 | 193 | 205 | 151 | 79 | 58 | 0 |
| Number of joint returns | 35 | 69 | 112 | 130 | 75 | 55 | 0 |
| Number of returns from paid preparer | 105 | 141 | 151 | 118 | 58 | 47 | 0 |
| Total number of exemptions | 190 | 369 | 467 | 419 | 241 | 168 | 0 |
| Total number of dependents | 35 | 70 | 86 | 80 | 48 | 29 | 0 |
| Adjusted gross income | $3,501 | $17,139 | $36,163 | $62,646 | $86,208 | $125,394 | |
| Salaries and wages | $3,881 | $13,623 | $31,421 | $53,164 | $72,454 | $93,943 | |
| Taxable interest | $207 | $439 | $658 | $748 | $423 | $1,029 | |
| Ordinary dividends | $133 | $58 | $338 | $80 | $488 | $135 | |
| Business or professional net income | $6 | $998 | $347 | $1,677 | $633 | $7,031 | |
| Net capital gain | $-56 | $134 | $205 | $569 | $278 | $3,969 | |
| Taxable individual retirement account distributions | $0 | $702 | $530 | $1,266 | $1,101 | $0 | |
| Taxable pensions and annuities | $0 | $1,143 | $1,904 | $3,170 | $5,508 | $13,526 | |
| Unemployment compensation | $0 | $709 | $573 | $691 | $560 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $896 | $1,630 | $2,972 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,188 | $3,792 | $6,882 | $12,939 | $22,670 | |
| State and local income taxes | $0 | $0 | $528 | $1,607 | $3,550 | $6,258 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $74 | $229 | $462 | $851 | $1,280 | |
| Taxes paid | $0 | $138 | $768 | $2,169 | $4,533 | $7,766 | |
| Mortgage interest paid | $0 | $0 | $1,361 | $2,742 | $5,222 | $6,828 | |
| Contributions | $0 | $0 | $558 | $1,125 | $1,811 | $4,983 | |
| Taxable income | $184 | $3,932 | $17,477 | $39,849 | $58,965 | $90,975 | |
| Total tax credits | $0 | $69 | $355 | $848 | $1,021 | $611 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $25 | $282 | $708 | $737 | $475 | |
| Child and dependent care credit | $0 | $0 | $23 | $45 | $66 | $0 | |
| Earned income credit | $448 | $976 | $258 | $0 | $0 | $0 | |
| Excess earned income credit | $370 | $847 | $201 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $18 | $337 | $1,701 | $4,460 | $7,193 | $15,007 | |
| Total tax liability | $128 | $489 | $1,942 | $4,899 | $7,631 | $16,377 | |
| Tax due at time of filing | $37 | $0 | $91 | $580 | $427 | $2,140 | |
| Overpayments refunded | $-674 | $-2,054 | $-2,134 | $-2,288 | $-2,814 | $-2,107 | |
| Total Tax Liability / AGI | 4% | 3% | 5% | 8% | 9% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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