IRS Income Data for Lake City, FL 32024
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 26% | 26% | 14% | 8% | 6% | 1% |
| Number of returns | 1,379 | 1,883 | 1,844 | 1,027 | 555 | 400 | 79 |
| Number of joint returns | 246 | 515 | 881 | 785 | 480 | 369 | 74 |
| Number of returns from paid preparer | 656 | 1,002 | 1,002 | 550 | 310 | 246 | 66 |
| Total number of exemptions | 1,746 | 3,576 | 4,064 | 2,651 | 1,513 | 1,118 | 225 |
| Total number of dependents | 289 | 749 | 763 | 476 | 275 | 192 | 38 |
| Adjusted gross income | $3,738 | $17,015 | $36,144 | $61,585 | $86,081 | $125,747 | $358,018 |
| Salaries and wages | $4,341 | $12,901 | $29,678 | $49,096 | $66,258 | $90,134 | $138,080 |
| Taxable interest | $289 | $468 | $537 | $1,075 | $1,490 | $3,336 | $9,148 |
| Ordinary dividends | $90 | $172 | $212 | $346 | $660 | $1,367 | $3,404 |
| Business or professional net income | $114 | $911 | $587 | $1,361 | $1,548 | $1,869 | $21,784 |
| Net capital gain | $-68 | $31 | $99 | $323 | $1,092 | $3,124 | $34,058 |
| Taxable individual retirement account distributions | $177 | $334 | $713 | $1,302 | $2,620 | $4,761 | $4,789 |
| Taxable pensions and annuities | $733 | $2,351 | $3,517 | $5,817 | $8,390 | $13,361 | $18,344 |
| Unemployment compensation | $95 | $201 | $189 | $190 | $87 | $134 | $0 |
| Taxable Social Security benefits | $0 | $54 | $923 | $2,462 | $3,491 | $3,026 | $3,402 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $388 | $0 |
| Total itemized deductions | $829 | $1,218 | $3,682 | $7,116 | $10,305 | $15,803 | $26,246 |
| State and local income taxes | $0 | $5 | $18 | $51 | $112 | $370 | $0 |
| State and local general sales tax | $15 | $44 | $136 | $346 | $574 | $986 | $2,146 |
| Real estate taxes | $69 | $124 | $379 | $666 | $1,189 | $2,143 | $3,550 |
| Taxes paid | $86 | $181 | $544 | $1,086 | $1,924 | $3,424 | $6,539 |
| Mortgage interest paid | $306 | $444 | $1,526 | $2,889 | $4,446 | $7,221 | $9,674 |
| Contributions | $36 | $132 | $411 | $898 | $1,980 | $3,265 | $9,787 |
| Taxable income | $176 | $3,976 | $17,971 | $38,945 | $60,714 | $96,567 | $320,309 |
| Total tax credits | $0 | $65 | $381 | $707 | $740 | $749 | $93 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $35 | $289 | $582 | $618 | $413 | $0 |
| Child and dependent care credit | $0 | $9 | $29 | $49 | $58 | $61 | $0 |
| Earned income credit | $447 | $1,220 | $283 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $393 | $1,109 | $224 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $51 | $682 |
| Income tax | $17 | $371 | $1,796 | $4,616 | $8,027 | $16,173 | $78,466 |
| Total tax liability | $125 | $537 | $1,979 | $4,957 | $8,397 | $16,996 | $80,704 |
| Tax due at time of filing | $34 | $53 | $114 | $358 | $660 | $2,049 | $14,550 |
| Overpayments refunded | $-826 | $-2,429 | $-2,428 | $-2,422 | $-2,680 | $-2,787 | $-4,296 |
| Total Tax Liability / AGI | 3% | 3% | 5% | 8% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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