IRS Income Data for Cherokee, AL 35616
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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% | 14% | 8% | 5% | 0% |
| Number of returns | 320 | 479 | 406 | 233 | 128 | 85 | 0 |
| Number of joint returns | 59 | 161 | 203 | 186 | 113 | 80 | 0 |
| Number of returns from paid preparer | 220 | 379 | 314 | 186 | 99 | 73 | 0 |
| Total number of exemptions | 448 | 966 | 874 | 604 | 341 | 211 | 0 |
| Total number of dependents | 85 | 204 | 154 | 107 | 59 | 33 | 0 |
| Adjusted gross income | $4,658 | $16,569 | $36,028 | $60,817 | $85,922 | $153,632 | |
| Salaries and wages | $3,799 | $11,586 | $27,767 | $48,885 | $69,067 | $87,964 | |
| Taxable interest | $243 | $525 | $744 | $777 | $903 | $3,277 | |
| Ordinary dividends | $38 | $95 | $170 | $60 | $222 | $1,263 | |
| Business or professional net income | $108 | $1,176 | $508 | $136 | $-671 | $96 | |
| Net capital gain | $-48 | $-1 | $7 | $137 | $1 | $3,140 | |
| Taxable individual retirement account distributions | $0 | $414 | $848 | $1,444 | $1,405 | $3,343 | |
| Taxable pensions and annuities | $616 | $2,480 | $4,874 | $6,738 | $7,672 | $14,178 | |
| Unemployment compensation | $110 | $386 | $230 | $370 | $791 | $0 | |
| Taxable Social Security benefits | $0 | $104 | $1,194 | $2,499 | $3,801 | $3,918 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,223 | $2,598 | $5,917 | $8,812 | $14,635 | |
| State and local income taxes | $0 | $24 | $177 | $635 | $1,531 | $2,876 | |
| State and local general sales tax | $0 | $29 | $56 | $50 | $146 | $0 | |
| Real estate taxes | $0 | $16 | $67 | $131 | $199 | $460 | |
| Taxes paid | $0 | $106 | $323 | $906 | $1,867 | $3,747 | |
| Mortgage interest paid | $0 | $276 | $482 | $1,616 | $2,327 | $3,379 | |
| Contributions | $0 | $185 | $439 | $1,155 | $1,546 | $5,193 | |
| Taxable income | $127 | $3,402 | $18,644 | $38,875 | $62,285 | $125,270 | |
| Total tax credits | $0 | $36 | $348 | $679 | $726 | $259 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $15 | $257 | $542 | $606 | $204 | |
| Child and dependent care credit | $0 | $0 | $0 | $30 | $0 | $0 | |
| Earned income credit | $626 | $1,362 | $290 | $0 | $0 | $0 | |
| Excess earned income credit | $523 | $1,186 | $244 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $13 | $329 | $1,931 | $4,575 | $8,326 | $20,162 | |
| Total tax liability | $153 | $531 | $2,074 | $4,690 | $8,464 | $20,984 | |
| Tax due at time of filing | $31 | $34 | $165 | $251 | $564 | $2,495 | |
| Overpayments refunded | $-934 | $-2,315 | $-2,258 | $-2,189 | $-2,330 | $-1,017 | |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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