IRS Income Data for Corolla, NC 27927
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 23% | 20% | 13% | 12% | 12% | 5% |
| Number of returns | 65 | 97 | 87 | 56 | 50 | 50 | 21 |
| Number of joint returns | 12 | 22 | 25 | 39 | 44 | 42 | 17 |
| Number of returns from paid preparer | 38 | 37 | 46 | 40 | 28 | 34 | 18 |
| Total number of exemptions | 71 | 132 | 123 | 106 | 100 | 96 | 43 |
| Total number of dependents | 0 | 0 | 26 | 0 | 13 | 0 | 0 |
| Adjusted gross income | $-853 | $16,908 | $35,082 | $62,294 | $88,882 | $128,396 | $368,125 |
| Salaries and wages | $4,321 | $13,538 | $24,399 | $31,431 | $29,172 | $47,230 | $106,635 |
| Taxable interest | $184 | $956 | $838 | $1,387 | $2,565 | $3,736 | $4,138 |
| Ordinary dividends | $566 | $446 | $1,424 | $1,212 | $2,942 | $4,398 | $3,819 |
| Business or professional net income | $722 | $1,485 | $3,133 | $2,132 | $1,243 | $0 | $0 |
| Net capital gain | $-223 | $-18 | $255 | $363 | $276 | $7,609 | $45,005 |
| Taxable individual retirement account distributions | $0 | $958 | $0 | $0 | $13,339 | $15,167 | $0 |
| Taxable pensions and annuities | $0 | $1,689 | $3,833 | $15,849 | $25,796 | $35,390 | $30,145 |
| Unemployment compensation | $0 | $530 | $674 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,036 | $5,489 | $9,296 | $12,546 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $7,564 | $4,335 | $8,880 | $17,884 | $23,563 | $34,947 | $61,666 |
| State and local income taxes | $0 | $184 | $909 | $1,437 | $3,262 | $5,162 | $17,588 |
| State and local general sales tax | $115 | $0 | $153 | $0 | $397 | $0 | $0 |
| Real estate taxes | $714 | $418 | $805 | $2,182 | $2,388 | $4,306 | $5,568 |
| Taxes paid | $882 | $766 | $1,900 | $3,838 | $5,957 | $9,782 | $23,458 |
| Mortgage interest paid | $2,439 | $1,741 | $4,294 | $10,756 | $12,949 | $16,660 | $24,717 |
| Contributions | $0 | $103 | $852 | $906 | $1,777 | $2,891 | $5,031 |
| Taxable income | $441 | $5,438 | $18,234 | $34,194 | $56,265 | $85,980 | $299,879 |
| Total tax credits | $0 | $0 | $134 | $213 | $247 | $98 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $56 | $266 | $0 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $191 | $0 | $0 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $5,675 |
| Income tax | $43 | $572 | $2,130 | $4,444 | $7,383 | $14,224 | $65,078 |
| Total tax liability | $248 | $854 | $2,643 | $4,830 | $8,121 | $15,296 | $67,553 |
| Tax due at time of filing | $0 | $188 | $230 | $465 | $1,920 | $1,684 | $12,306 |
| Overpayments refunded | $-598 | $-1,278 | $-1,603 | $-2,195 | $-1,299 | $-3,794 | $0 |
| Total Tax Liability / AGI | -29% | 5% | 8% | 8% | 9% | 12% | 18% |
All numbers in the table are 2010 averages for that income class and zip code.
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