IRS Income Data for McRae, GA 31055
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 33% | 24% | 10% | 5% | 4% | 1% |
| Number of returns | 439 | 633 | 470 | 186 | 92 | 75 | 24 |
| Number of joint returns | 62 | 134 | 146 | 133 | 73 | 63 | 21 |
| Number of returns from paid preparer | 324 | 515 | 375 | 136 | 70 | 58 | 20 |
| Total number of exemptions | 642 | 1,430 | 1,054 | 451 | 249 | 190 | 55 |
| Total number of dependents | 156 | 394 | 241 | 78 | 45 | 31 | 0 |
| Adjusted gross income | $3,283 | $16,648 | $34,468 | $61,358 | $85,095 | $125,231 | $439,000 |
| Salaries and wages | $4,836 | $13,760 | $29,510 | $48,013 | $60,615 | $67,778 | $108,267 |
| Taxable interest | $302 | $339 | $766 | $1,491 | $2,497 | $5,157 | $20,805 |
| Ordinary dividends | $86 | $58 | $119 | $402 | $459 | $2,709 | $8,213 |
| Business or professional net income | $-242 | $998 | $229 | $1,106 | $1,343 | $1,268 | $37,767 |
| Net capital gain | $-41 | $-13 | $88 | $600 | $137 | $3,960 | $65,742 |
| Taxable individual retirement account distributions | $120 | $174 | $443 | $1,231 | $0 | $5,549 | $0 |
| Taxable pensions and annuities | $600 | $1,187 | $2,863 | $6,974 | $13,877 | $25,667 | $0 |
| Unemployment compensation | $146 | $326 | $284 | $260 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $42 | $727 | $2,386 | $5,211 | $9,909 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $649 | $1,493 | $4,929 | $8,587 | $13,034 | $17,602 | $46,109 |
| State and local income taxes | $65 | $59 | $522 | $1,273 | $2,379 | $4,145 | $18,434 |
| State and local general sales tax | $0 | $17 | $26 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $69 | $165 | $404 | $609 | $1,059 | $2,799 |
| Taxes paid | $93 | $198 | $782 | $1,865 | $3,269 | $5,475 | $23,388 |
| Mortgage interest paid | $0 | $243 | $908 | $1,753 | $3,380 | $3,875 | $7,718 |
| Contributions | $0 | $281 | $1,012 | $2,189 | $2,631 | $5,289 | $12,473 |
| Taxable income | $105 | $2,740 | $16,266 | $38,930 | $59,074 | $95,980 | $385,500 |
| Total tax credits | $0 | $86 | $446 | $570 | $742 | $360 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $55 | $314 | $411 | $582 | $307 | $0 |
| Child and dependent care credit | $0 | $6 | $45 | $31 | $0 | $0 | $0 |
| Earned income credit | $760 | $1,968 | $450 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $708 | $1,812 | $396 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $9 | $202 | $1,506 | $4,731 | $7,975 | $16,497 | $93,194 |
| Total tax liability | $82 | $402 | $1,646 | $5,123 | $8,304 | $17,242 | $96,570 |
| Tax due at time of filing | $17 | $38 | $147 | $650 | $410 | $2,895 | $17,888 |
| Overpayments refunded | $-1,139 | $-3,125 | $-2,393 | $-2,448 | $-2,440 | $-2,503 | $0 |
| Total Tax Liability / AGI | 2% | 2% | 5% | 8% | 10% | 14% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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