IRS Income Data for Lexington, AL 35648
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 26% | 24% | 16% | 8% | 7% | 0% |
| Number of returns | 311 | 432 | 385 | 254 | 136 | 117 | 0 |
| Number of joint returns | 63 | 154 | 235 | 209 | 127 | 110 | 0 |
| Number of returns from paid preparer | 237 | 351 | 336 | 217 | 116 | 98 | 0 |
| Total number of exemptions | 346 | 751 | 911 | 680 | 421 | 359 | 0 |
| Total number of dependents | 42 | 114 | 162 | 124 | 85 | 73 | 0 |
| Adjusted gross income | $4,656 | $17,222 | $36,804 | $61,220 | $85,442 | $128,645 | |
| Salaries and wages | $3,526 | $11,812 | $30,342 | $49,787 | $74,893 | $98,132 | |
| Taxable interest | $394 | $866 | $981 | $1,381 | $905 | $3,399 | |
| Ordinary dividends | $51 | $67 | $104 | $70 | $260 | $189 | |
| Business or professional net income | $805 | $1,231 | $662 | $652 | $24 | $1,224 | |
| Net capital gain | $-3 | $44 | $11 | $203 | $194 | $4,811 | |
| Taxable individual retirement account distributions | $379 | $406 | $592 | $1,181 | $0 | $0 | |
| Taxable pensions and annuities | $518 | $3,117 | $3,460 | $6,001 | $5,480 | $8,655 | |
| Unemployment compensation | $0 | $177 | $405 | $743 | $987 | $359 | |
| Taxable Social Security benefits | $0 | $59 | $1,029 | $2,330 | $1,614 | $2,206 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $606 | $952 | $3,543 | $7,269 | $11,413 | $15,009 | |
| State and local income taxes | $0 | $32 | $297 | $835 | $1,724 | $3,170 | |
| State and local general sales tax | $0 | $24 | $56 | $75 | $0 | $0 | |
| Real estate taxes | $0 | $35 | $109 | $210 | $285 | $476 | |
| Taxes paid | $40 | $87 | $496 | $1,186 | $2,149 | $3,938 | |
| Mortgage interest paid | $0 | $348 | $944 | $2,069 | $3,732 | $4,544 | |
| Contributions | $0 | $170 | $379 | $1,040 | $1,696 | $3,366 | |
| Taxable income | $215 | $4,584 | $17,884 | $38,455 | $58,422 | $99,129 | |
| Total tax credits | $0 | $56 | $437 | $782 | $1,097 | $549 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $18 | $336 | $647 | $885 | $503 | |
| Child and dependent care credit | $0 | $0 | $21 | $20 | $55 | $0 | |
| Earned income credit | $348 | $858 | $282 | $0 | $0 | $0 | |
| Excess earned income credit | $273 | $690 | $208 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $22 | $438 | $1,701 | $4,355 | $7,168 | $16,974 | |
| Total tax liability | $178 | $671 | $1,878 | $4,653 | $7,417 | $18,030 | |
| Tax due at time of filing | $62 | $71 | $118 | $368 | $391 | $2,741 | |
| Overpayments refunded | $-543 | $-1,701 | $-2,269 | $-2,434 | $-2,882 | $-2,791 | |
| Total Tax Liability / AGI | 4% | 4% | 5% | 8% | 9% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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