IRS Income Data for Hamilton, NC 27840
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 38% | 28% | 8% | 3% | 4% | 0% |
| Number of returns | 57 | 119 | 88 | 24 | 10 | 13 | 0 |
| Number of joint returns | 0 | 23 | 31 | 17 | 17 | 0 | 0 |
| Number of returns from paid preparer | 30 | 76 | 45 | 22 | 0 | 13 | 0 |
| Total number of exemptions | 77 | 262 | 190 | 66 | 26 | 29 | 0 |
| Total number of dependents | 19 | 77 | 45 | 24 | 0 | 0 | 0 |
| Adjusted gross income | $4,090 | $18,056 | $32,918 | $62,770 | $84,586 | $171,609 | |
| Salaries and wages | $4,285 | $15,448 | $29,706 | $75,672 | $0 | $0 | |
| Taxable interest | $135 | $463 | $239 | $400 | $0 | $2,499 | |
| Ordinary dividends | $0 | $49 | $0 | $7,542 | $0 | $0 | |
| Business or professional net income | $0 | $437 | $-24 | $0 | $0 | $0 | |
| Net capital gain | $0 | $0 | $0 | $1,366 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,330 | $2,168 | $4,642 | $0 | $0 | |
| Unemployment compensation | $0 | $298 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $2,088 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $3,967 | $8,297 | $27,016 | $0 | |
| State and local income taxes | $0 | $0 | $266 | $1,638 | $10,864 | $0 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $217 | $524 | $0 | $0 | |
| Taxes paid | $0 | $0 | $637 | $2,259 | $13,709 | $0 | |
| Mortgage interest paid | $0 | $0 | $942 | $2,416 | $0 | $0 | |
| Contributions | $0 | $0 | $594 | $2,664 | $0 | $0 | |
| Taxable income | $0 | $3,709 | $15,630 | $39,472 | $0 | $143,282 | |
| Total tax credits | $0 | $110 | $418 | $851 | $0 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $59 | $342 | $805 | $0 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $718 | $1,875 | $572 | $0 | $0 | $0 | |
| Excess earned income credit | $687 | $1,809 | $457 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $288 | $1,453 | $4,650 | $0 | $29,616 | |
| Total tax liability | $66 | $352 | $1,541 | $5,614 | $0 | $29,814 | |
| Tax due at time of filing | $79 | $0 | $327 | $0 | $6,039 | $0 | |
| Overpayments refunded | $-982 | $-3,025 | $-2,378 | $-2,885 | $0 | $0 | |
| Total Tax Liability / AGI | 2% | 2% | 5% | 9% | 0% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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