IRS Income Data for Mars Hill, NC 28754
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 24% | 26% | 15% | 8% | 6% | 1% |
| Number of returns | 586 | 724 | 782 | 450 | 227 | 180 | 22 |
| Number of joint returns | 104 | 242 | 402 | 346 | 211 | 154 | 19 |
| Number of returns from paid preparer | 343 | 454 | 489 | 272 | 140 | 118 | 20 |
| Total number of exemptions | 692 | 1,324 | 1,675 | 1,093 | 639 | 458 | 52 |
| Total number of dependents | 97 | 215 | 274 | 177 | 108 | 77 | 0 |
| Adjusted gross income | $2,591 | $17,303 | $35,891 | $61,916 | $86,076 | $128,352 | $341,395 |
| Salaries and wages | $3,746 | $11,949 | $28,008 | $45,505 | $62,461 | $76,719 | $139,912 |
| Taxable interest | $298 | $617 | $827 | $1,386 | $1,929 | $2,879 | $5,438 |
| Ordinary dividends | $102 | $334 | $398 | $400 | $464 | $2,904 | $0 |
| Business or professional net income | $-184 | $1,638 | $1,041 | $1,777 | $1,905 | $7,546 | $0 |
| Net capital gain | $56 | $203 | $302 | $664 | $531 | $5,924 | $0 |
| Taxable individual retirement account distributions | $212 | $418 | $688 | $1,452 | $2,363 | $6,797 | $0 |
| Taxable pensions and annuities | $627 | $2,099 | $3,782 | $7,320 | $11,277 | $21,150 | $0 |
| Unemployment compensation | $52 | $403 | $356 | $264 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $82 | $1,079 | $3,086 | $4,173 | $6,792 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,778 | $1,893 | $4,699 | $10,086 | $13,977 | $22,850 | $64,300 |
| State and local income taxes | $66 | $86 | $521 | $1,561 | $3,086 | $6,179 | $19,117 |
| State and local general sales tax | $12 | $30 | $35 | $65 | $75 | $0 | $0 |
| Real estate taxes | $93 | $131 | $320 | $722 | $995 | $1,626 | $4,549 |
| Taxes paid | $175 | $261 | $911 | $2,460 | $4,233 | $8,071 | $23,985 |
| Mortgage interest paid | $412 | $586 | $1,799 | $3,923 | $5,466 | $6,996 | $17,413 |
| Contributions | $48 | $209 | $521 | $1,476 | $2,520 | $4,825 | $12,673 |
| Taxable income | $126 | $4,354 | $17,440 | $38,145 | $58,583 | $94,445 | $269,763 |
| Total tax credits | $0 | $55 | $316 | $567 | $850 | $429 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $19 | $235 | $448 | $585 | $263 | $0 |
| Child and dependent care credit | $0 | $0 | $18 | $26 | $43 | $0 | $0 |
| Earned income credit | $328 | $937 | $235 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $262 | $755 | $183 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,365 |
| Income tax | $13 | $408 | $1,777 | $4,593 | $7,381 | $15,811 | $64,418 |
| Total tax liability | $181 | $716 | $2,060 | $5,060 | $7,844 | $17,012 | $69,792 |
| Tax due at time of filing | $45 | $116 | $179 | $536 | $772 | $2,117 | $14,013 |
| Overpayments refunded | $-636 | $-1,754 | $-1,850 | $-1,918 | $-2,130 | $-2,688 | $0 |
| Total Tax Liability / AGI | 7% | 4% | 6% | 8% | 9% | 13% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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