IRS Income Data for Cordova, AL 35550
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 29% | 25% | 15% | 7% | 5% | 1% |
| Number of returns | 396 | 595 | 515 | 321 | 146 | 99 | 13 |
| Number of joint returns | 65 | 175 | 239 | 220 | 130 | 93 | 13 |
| Number of returns from paid preparer | 241 | 433 | 357 | 234 | 94 | 78 | 0 |
| Total number of exemptions | 592 | 1,173 | 1,134 | 830 | 418 | 302 | 34 |
| Total number of dependents | 132 | 263 | 217 | 164 | 83 | 66 | 0 |
| Adjusted gross income | $5,217 | $16,965 | $36,844 | $61,638 | $85,938 | $121,325 | $448,100 |
| Salaries and wages | $3,976 | $12,822 | $30,224 | $53,486 | $70,230 | $100,970 | $174,415 |
| Taxable interest | $128 | $406 | $513 | $833 | $1,005 | $1,508 | $4,103 |
| Ordinary dividends | $0 | $52 | $169 | $96 | $81 | $493 | $0 |
| Business or professional net income | $600 | $765 | $204 | $227 | $687 | $-278 | $0 |
| Net capital gain | $0 | $45 | $91 | $-36 | $0 | $-79 | $0 |
| Taxable individual retirement account distributions | $0 | $269 | $497 | $1,148 | $2,215 | $2,472 | $0 |
| Taxable pensions and annuities | $527 | $2,266 | $3,676 | $3,677 | $7,388 | $10,943 | $0 |
| Unemployment compensation | $85 | $240 | $203 | $112 | $352 | $0 | $0 |
| Taxable Social Security benefits | $0 | $120 | $1,141 | $2,376 | $2,892 | $3,431 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $392 | $1,008 | $2,570 | $4,910 | $7,668 | $14,700 | $35,578 |
| State and local income taxes | $0 | $31 | $290 | $819 | $1,450 | $3,235 | $17,202 |
| State and local general sales tax | $0 | $28 | $23 | $60 | $0 | $0 | $0 |
| Real estate taxes | $0 | $16 | $42 | $96 | $124 | $363 | $1,135 |
| Taxes paid | $38 | $71 | $411 | $1,015 | $1,762 | $3,913 | $18,540 |
| Mortgage interest paid | $0 | $199 | $590 | $1,407 | $2,117 | $3,862 | $0 |
| Contributions | $0 | $153 | $420 | $1,150 | $1,575 | $3,892 | $13,556 |
| Taxable income | $129 | $3,756 | $19,402 | $40,985 | $62,444 | $92,546 | $403,580 |
| Total tax credits | $0 | $61 | $414 | $730 | $853 | $660 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $40 | $346 | $632 | $689 | $566 | $0 |
| Child and dependent care credit | $0 | $12 | $0 | $36 | $0 | $56 | $0 |
| Earned income credit | $805 | $1,283 | $252 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $698 | $1,162 | $200 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $12 | $341 | $1,965 | $5,075 | $8,287 | $15,407 | $93,299 |
| Total tax liability | $156 | $498 | $2,056 | $5,198 | $8,563 | $15,970 | $93,958 |
| Tax due at time of filing | $14 | $48 | $108 | $339 | $475 | $1,203 | $0 |
| Overpayments refunded | $-1,088 | $-2,416 | $-2,316 | $-2,456 | $-2,529 | $-3,012 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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