IRS Income Data for West Palm Beach, FL 33412
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 14% | 19% | 14% | 11% | 17% | 9% |
| Number of returns | 1,029 | 923 | 1,195 | 880 | 687 | 1,092 | 582 |
| Number of joint returns | 180 | 187 | 420 | 534 | 543 | 949 | 533 |
| Number of returns from paid preparer | 573 | 514 | 733 | 530 | 436 | 759 | 476 |
| Total number of exemptions | 1,098 | 1,459 | 2,338 | 2,120 | 1,817 | 2,916 | 1,443 |
| Total number of dependents | 149 | 248 | 445 | 393 | 332 | 472 | 171 |
| Adjusted gross income | $1,083 | $16,811 | $36,586 | $61,883 | $87,234 | $136,092 | $569,711 |
| Salaries and wages | $5,907 | $12,310 | $29,704 | $47,534 | $65,263 | $89,046 | $254,350 |
| Taxable interest | $2,070 | $838 | $1,126 | $1,576 | $2,057 | $4,631 | $30,996 |
| Ordinary dividends | $1,149 | $609 | $932 | $1,790 | $2,596 | $6,997 | $39,483 |
| Business or professional net income | $-323 | $1,677 | $1,780 | $973 | $3,319 | $3,510 | $18,249 |
| Net capital gain | $-157 | $23 | $-106 | $113 | $202 | $2,552 | $79,194 |
| Taxable individual retirement account distributions | $487 | $610 | $753 | $1,905 | $3,007 | $7,718 | $19,562 |
| Taxable pensions and annuities | $514 | $1,241 | $1,985 | $4,121 | $6,350 | $11,136 | $17,595 |
| Unemployment compensation | $124 | $333 | $250 | $293 | $285 | $159 | $0 |
| Taxable Social Security benefits | $0 | $127 | $1,041 | $2,796 | $4,023 | $5,737 | $8,216 |
| Self-employment retirement plans | $0 | $0 | $0 | $195 | $0 | $346 | $2,031 |
| Total itemized deductions | $6,925 | $4,647 | $10,993 | $17,651 | $21,916 | $28,293 | $71,426 |
| State and local income taxes | $342 | $56 | $46 | $104 | $177 | $564 | $9,293 |
| State and local general sales tax | $45 | $93 | $310 | $691 | $854 | $1,294 | $1,759 |
| Real estate taxes | $1,406 | $1,037 | $2,294 | $3,477 | $4,300 | $6,791 | $14,761 |
| Taxes paid | $1,810 | $1,219 | $2,718 | $4,359 | $5,417 | $8,831 | $26,196 |
| Mortgage interest paid | $3,009 | $2,108 | $5,241 | $8,508 | $10,805 | $13,003 | $18,673 |
| Contributions | $64 | $253 | $652 | $1,246 | $1,648 | $2,993 | $10,480 |
| Taxable income | $267 | $4,702 | $16,360 | $33,572 | $54,040 | $95,653 | $496,491 |
| Total tax credits | $0 | $61 | $319 | $598 | $817 | $527 | $1,389 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $26 | $0 |
| Child tax credit | $0 | $11 | $178 | $435 | $559 | $288 | $0 |
| Child and dependent care credit | $0 | $7 | $33 | $37 | $61 | $67 | $28 |
| Earned income credit | $266 | $827 | $186 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $194 | $626 | $141 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $210 | $4,199 |
| Income tax | $25 | $442 | $1,709 | $4,009 | $7,042 | $16,396 | $132,156 |
| Total tax liability | $280 | $803 | $2,051 | $4,350 | $7,622 | $16,972 | $134,561 |
| Tax due at time of filing | $66 | $119 | $228 | $369 | $577 | $1,235 | $15,229 |
| Overpayments refunded | $-1,492 | $-1,856 | $-2,508 | $-3,239 | $-3,759 | $-4,891 | $-12,939 |
| Total Tax Liability / AGI | 26% | 5% | 6% | 7% | 9% | 12% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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