IRS Income Data for Sheffield, AL 35660
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 33% | 23% | 10% | 5% | 5% | 1% |
| Number of returns | 935 | 1,367 | 957 | 436 | 226 | 207 | 33 |
| Number of joint returns | 94 | 301 | 367 | 282 | 196 | 182 | 27 |
| Number of returns from paid preparer | 619 | 1,032 | 723 | 327 | 166 | 161 | 31 |
| Total number of exemptions | 1,202 | 2,647 | 1,914 | 1,003 | 580 | 519 | 90 |
| Total number of dependents | 249 | 608 | 363 | 170 | 94 | 79 | 14 |
| Adjusted gross income | $5,005 | $16,831 | $35,241 | $61,145 | $85,606 | $127,675 | $429,511 |
| Salaries and wages | $4,099 | $12,581 | $26,813 | $44,515 | $60,425 | $85,076 | $165,163 |
| Taxable interest | $190 | $370 | $851 | $1,775 | $1,896 | $4,922 | $7,134 |
| Ordinary dividends | $57 | $115 | $300 | $800 | $931 | $3,210 | $11,939 |
| Business or professional net income | $749 | $1,048 | $562 | $1,084 | $1,850 | $4,557 | $37,376 |
| Net capital gain | $-2 | $7 | $15 | $244 | $503 | $1,897 | $24,516 |
| Taxable individual retirement account distributions | $105 | $246 | $628 | $857 | $1,904 | $4,374 | $0 |
| Taxable pensions and annuities | $453 | $2,148 | $4,538 | $7,680 | $11,510 | $16,172 | $0 |
| Unemployment compensation | $109 | $229 | $218 | $423 | $355 | $394 | $0 |
| Taxable Social Security benefits | $0 | $69 | $1,309 | $3,574 | $5,633 | $6,644 | $11,087 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $352 | $1,095 | $3,171 | $6,675 | $9,444 | $17,580 | $39,106 |
| State and local income taxes | $0 | $62 | $238 | $743 | $1,409 | $3,218 | $13,655 |
| State and local general sales tax | $11 | $33 | $67 | $93 | $159 | $123 | $0 |
| Real estate taxes | $15 | $30 | $81 | $205 | $297 | $786 | $2,073 |
| Taxes paid | $55 | $135 | $423 | $1,134 | $2,009 | $4,328 | $15,945 |
| Mortgage interest paid | $107 | $216 | $629 | $1,398 | $2,301 | $4,897 | $5,883 |
| Contributions | $27 | $196 | $559 | $1,235 | $2,266 | $3,943 | $15,062 |
| Taxable income | $124 | $3,919 | $18,591 | $40,468 | $61,945 | $98,166 | $381,674 |
| Total tax credits | $0 | $68 | $324 | $574 | $694 | $375 | $59 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $36 | $238 | $461 | $505 | $251 | $0 |
| Child and dependent care credit | $0 | $5 | $15 | $29 | $43 | $32 | $0 |
| Earned income credit | $674 | $1,408 | $283 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $562 | $1,253 | $232 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $116 | $1,785 |
| Income tax | $13 | $353 | $1,974 | $5,170 | $8,319 | $17,096 | $101,805 |
| Total tax liability | $168 | $530 | $2,117 | $5,440 | $8,730 | $17,921 | $106,380 |
| Tax due at time of filing | $31 | $34 | $159 | $540 | $822 | $1,295 | $14,954 |
| Overpayments refunded | $-1,048 | $-2,503 | $-1,944 | $-1,873 | $-2,079 | $-2,136 | $-5,600 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 9% | 10% | 14% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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