IRS Income Data for Gaffney, SC 29341
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 27% | 27% | 13% | 8% | 6% | 1% |
| Number of returns | 1,428 | 2,075 | 2,050 | 972 | 608 | 430 | 66 |
| Number of joint returns | 122 | 362 | 752 | 701 | 551 | 410 | 58 |
| Number of returns from paid preparer | 853 | 1,444 | 1,406 | 622 | 411 | 288 | 55 |
| Total number of exemptions | 1,604 | 4,172 | 4,801 | 2,544 | 1,706 | 1,241 | 188 |
| Total number of dependents | 350 | 1,068 | 1,001 | 483 | 308 | 224 | 31 |
| Adjusted gross income | $4,611 | $17,380 | $35,425 | $61,419 | $86,355 | $126,068 | $424,392 |
| Salaries and wages | $4,531 | $14,406 | $29,111 | $51,070 | $69,659 | $95,689 | $182,716 |
| Taxable interest | $248 | $269 | $554 | $679 | $913 | $1,764 | $11,689 |
| Ordinary dividends | $85 | $133 | $228 | $546 | $724 | $1,805 | $47,884 |
| Business or professional net income | $151 | $317 | $405 | $501 | $889 | $2,617 | $18,882 |
| Net capital gain | $-10 | $-2 | $77 | $102 | $542 | $1,921 | $2,499 |
| Taxable individual retirement account distributions | $66 | $415 | $789 | $1,374 | $2,459 | $4,641 | $0 |
| Taxable pensions and annuities | $324 | $1,439 | $2,892 | $4,393 | $7,023 | $11,683 | $3,594 |
| Unemployment compensation | $229 | $389 | $425 | $443 | $321 | $209 | $0 |
| Taxable Social Security benefits | $0 | $82 | $954 | $2,368 | $3,442 | $4,178 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $554 | $829 | $3,946 | $9,127 | $14,177 | $21,100 | $74,954 |
| State and local income taxes | $95 | $45 | $442 | $1,607 | $3,307 | $6,084 | $32,546 |
| State and local general sales tax | $4 | $12 | $22 | $23 | $50 | $0 | $0 |
| Real estate taxes | $26 | $34 | $233 | $415 | $792 | $1,118 | $3,243 |
| Taxes paid | $140 | $103 | $787 | $2,242 | $4,471 | $7,826 | $36,668 |
| Mortgage interest paid | $128 | $244 | $1,177 | $2,969 | $4,769 | $6,177 | $10,001 |
| Contributions | $24 | $156 | $761 | $2,061 | $3,399 | $5,119 | $23,662 |
| Taxable income | $196 | $3,987 | $17,163 | $38,059 | $59,506 | $93,505 | $340,870 |
| Total tax credits | $0 | $101 | $461 | $755 | $907 | $519 | $655 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $47 | $296 | $581 | $680 | $403 | $0 |
| Child and dependent care credit | $0 | $10 | $45 | $47 | $66 | $78 | $0 |
| Earned income credit | $544 | $1,494 | $330 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $505 | $1,423 | $285 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,527 |
| Income tax | $18 | $325 | $1,621 | $4,398 | $7,553 | $15,474 | $89,867 |
| Total tax liability | $85 | $429 | $1,787 | $4,626 | $7,965 | $16,191 | $91,953 |
| Tax due at time of filing | $16 | $50 | $217 | $362 | $464 | $1,597 | $4,746 |
| Overpayments refunded | $-870 | $-2,610 | $-2,081 | $-2,114 | $-2,286 | $-2,032 | $-8,243 |
| Total Tax Liability / AGI | 2% | 2% | 5% | 8% | 9% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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