IRS Income Data for Canton, NC 28716
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 26% | 26% | 15% | 8% | 5% | 0% |
| Number of returns | 1,438 | 1,894 | 1,923 | 1,128 | 603 | 346 | 33 |
| Number of joint returns | 214 | 577 | 900 | 859 | 547 | 328 | 28 |
| Number of returns from paid preparer | 845 | 1,257 | 1,242 | 766 | 422 | 237 | 31 |
| Total number of exemptions | 1,636 | 3,554 | 4,023 | 2,878 | 1,592 | 975 | 84 |
| Total number of dependents | 267 | 650 | 692 | 505 | 266 | 178 | 12 |
| Adjusted gross income | $4,416 | $16,938 | $36,413 | $61,469 | $86,028 | $122,950 | $400,484 |
| Salaries and wages | $4,013 | $11,722 | $29,180 | $50,815 | $69,078 | $88,250 | $119,397 |
| Taxable interest | $219 | $524 | $685 | $752 | $1,362 | $2,612 | $10,811 |
| Ordinary dividends | $115 | $202 | $227 | $400 | $451 | $2,147 | $12,294 |
| Business or professional net income | $438 | $1,214 | $667 | $860 | $709 | $3,617 | $0 |
| Net capital gain | $-40 | $9 | $117 | $325 | $818 | $4,400 | $66,349 |
| Taxable individual retirement account distributions | $125 | $403 | $625 | $1,481 | $1,728 | $5,293 | $0 |
| Taxable pensions and annuities | $590 | $2,535 | $3,334 | $3,998 | $7,236 | $12,071 | $0 |
| Unemployment compensation | $99 | $342 | $360 | $337 | $279 | $103 | $0 |
| Taxable Social Security benefits | $0 | $79 | $1,105 | $2,413 | $3,362 | $4,093 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $130 | $0 | $0 | $0 |
| Total itemized deductions | $774 | $1,794 | $3,867 | $7,810 | $13,498 | $20,906 | $81,569 |
| State and local income taxes | $30 | $73 | $511 | $1,523 | $3,206 | $5,662 | $17,560 |
| State and local general sales tax | $9 | $26 | $34 | $22 | $34 | $61 | $0 |
| Real estate taxes | $56 | $104 | $284 | $540 | $866 | $1,352 | $4,054 |
| Taxes paid | $96 | $218 | $859 | $2,161 | $4,228 | $7,226 | $22,081 |
| Mortgage interest paid | $270 | $514 | $1,614 | $3,237 | $5,017 | $7,472 | $8,741 |
| Contributions | $29 | $151 | $437 | $1,088 | $2,059 | $3,185 | $29,162 |
| Taxable income | $216 | $3,893 | $18,723 | $38,976 | $59,571 | $89,752 | $310,981 |
| Total tax credits | $0 | $53 | $334 | $701 | $702 | $459 | $220 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $257 | $587 | $539 | $373 | $0 |
| Child and dependent care credit | $0 | $5 | $13 | $24 | $30 | $33 | $0 |
| Earned income credit | $429 | $1,004 | $232 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $365 | $852 | $182 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $69 | $2,058 |
| Income tax | $20 | $361 | $1,964 | $4,600 | $7,752 | $14,491 | $80,392 |
| Total tax liability | $131 | $568 | $2,146 | $4,840 | $8,061 | $15,286 | $81,328 |
| Tax due at time of filing | $33 | $55 | $164 | $304 | $489 | $1,756 | $6,101 |
| Overpayments refunded | $-714 | $-1,934 | $-1,946 | $-2,236 | $-2,329 | $-2,571 | $-4,400 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 9% | 12% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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