IRS Income Data for Panama City, FL 32403
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 9% | 41% | 30% | 13% | 5% | 2% | 0% |
| Number of returns | 110 | 484 | 348 | 150 | 57 | 26 | 0 |
| Number of joint returns | 0 | 138 | 291 | 130 | 53 | 24 | 0 |
| Number of returns from paid preparer | 27 | 68 | 72 | 29 | 24 | 0 | 0 |
| Total number of exemptions | 97 | 792 | 1,168 | 495 | 198 | 86 | 0 |
| Total number of dependents | 12 | 115 | 262 | 110 | 41 | 17 | 0 |
| Adjusted gross income | $5,830 | $17,997 | $36,472 | $61,337 | $85,309 | $123,886 | |
| Salaries and wages | $7,676 | $17,911 | $36,354 | $59,288 | $82,200 | $118,764 | |
| Taxable interest | $12 | $10 | $62 | $108 | $621 | $748 | |
| Ordinary dividends | $0 | $0 | $20 | $70 | $306 | $517 | |
| Business or professional net income | $0 | $0 | $139 | $314 | $0 | $0 | |
| Net capital gain | $0 | $0 | $10 | $-3 | $-237 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $123 | $0 | $1,178 | $3,130 | $0 | |
| Unemployment compensation | $0 | $0 | $172 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $0 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $822 | $2,982 | $9,172 | $15,130 | |
| State and local income taxes | $0 | $0 | $0 | $365 | $0 | $0 | |
| State and local general sales tax | $0 | $0 | $38 | $115 | $615 | $0 | |
| Real estate taxes | $0 | $0 | $78 | $294 | $921 | $1,419 | |
| Taxes paid | $0 | $0 | $157 | $674 | $1,712 | $2,624 | |
| Mortgage interest paid | $0 | $0 | $350 | $1,047 | $4,823 | $8,078 | |
| Contributions | $0 | $0 | $98 | $721 | $1,822 | $2,245 | |
| Taxable income | $313 | $6,158 | $14,308 | $37,940 | $57,813 | $92,072 | |
| Total tax credits | $0 | $56 | $855 | $1,543 | $1,544 | $931 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $13 | $623 | $1,190 | $1,259 | $696 | |
| Child and dependent care credit | $0 | $0 | $113 | $208 | $211 | $0 | |
| Earned income credit | $256 | $752 | $700 | $0 | $0 | $0 | |
| Excess earned income credit | $255 | $748 | $674 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $31 | $607 | $758 | $3,548 | $6,575 | $14,998 | |
| Total tax liability | $33 | $613 | $816 | $3,636 | $6,601 | $14,998 | |
| Tax due at time of filing | $0 | $12 | $0 | $124 | $271 | $0 | |
| Overpayments refunded | $-997 | $-2,222 | $-3,970 | $-3,289 | $-2,906 | $-3,103 | |
| Total Tax Liability / AGI | 1% | 3% | 2% | 6% | 8% | 12% |
All numbers in the table are 2010 averages for that income class and zip code.
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