IRS Income Data for Lake Panasoffkee, FL 33538
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 31% | 28% | 12% | 5% | 3% | 1% |
| Number of returns | 379 | 564 | 508 | 212 | 93 | 61 | 11 |
| Number of joint returns | 92 | 167 | 246 | 153 | 79 | 62 | 0 |
| Number of returns from paid preparer | 183 | 305 | 289 | 122 | 56 | 51 | 0 |
| Total number of exemptions | 539 | 1,015 | 1,080 | 500 | 239 | 146 | 28 |
| Total number of dependents | 67 | 175 | 188 | 82 | 36 | 24 | 0 |
| Adjusted gross income | $4,112 | $16,629 | $35,562 | $61,740 | $85,465 | $128,051 | $271,031 |
| Salaries and wages | $4,020 | $11,008 | $26,923 | $46,543 | $58,537 | $77,824 | $0 |
| Taxable interest | $258 | $650 | $776 | $1,549 | $2,260 | $3,314 | $0 |
| Ordinary dividends | $161 | $267 | $265 | $406 | $1,872 | $766 | $0 |
| Business or professional net income | $-38 | $809 | $956 | $712 | $0 | $4,621 | $0 |
| Net capital gain | $-35 | $19 | $-6 | $182 | $338 | $5,438 | $0 |
| Taxable individual retirement account distributions | $130 | $453 | $834 | $1,228 | $3,017 | $11,095 | $0 |
| Taxable pensions and annuities | $785 | $3,175 | $4,588 | $7,216 | $11,473 | $19,074 | $0 |
| Unemployment compensation | $212 | $354 | $231 | $229 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $43 | $1,226 | $3,105 | $5,686 | $5,777 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $578 | $1,331 | $2,533 | $6,022 | $8,720 | $13,337 | $0 |
| State and local income taxes | $0 | $0 | $34 | $0 | $0 | $0 | $0 |
| State and local general sales tax | $0 | $47 | $118 | $377 | $496 | $1,526 | $0 |
| Real estate taxes | $24 | $92 | $161 | $480 | $727 | $1,280 | $0 |
| Taxes paid | $36 | $140 | $298 | $1,019 | $1,322 | $3,088 | $0 |
| Mortgage interest paid | $279 | $406 | $999 | $2,633 | $3,916 | $5,675 | $0 |
| Contributions | $0 | $66 | $274 | $489 | $1,051 | $1,375 | $0 |
| Taxable income | $74 | $3,847 | $18,152 | $40,388 | $61,382 | $103,968 | $239,177 |
| Total tax credits | $0 | $45 | $313 | $559 | $684 | $288 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $246 | $470 | $538 | $248 | $0 |
| Child and dependent care credit | $0 | $0 | $18 | $58 | $0 | $0 | $0 |
| Earned income credit | $425 | $917 | $259 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $385 | $826 | $221 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $7 | $360 | $1,907 | $5,009 | $8,255 | $18,567 | $57,488 |
| Total tax liability | $86 | $505 | $2,134 | $5,158 | $8,413 | $19,749 | $57,487 |
| Tax due at time of filing | $16 | $84 | $193 | $285 | $284 | $3,164 | $0 |
| Overpayments refunded | $-876 | $-1,953 | $-2,109 | $-2,277 | $-3,299 | $-2,476 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 10% | 15% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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