IRS Income Data for Waterloo, AL 35677
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 28% | 27% | 13% | 6% | 5% | 0% |
| Number of returns | 161 | 213 | 202 | 94 | 45 | 34 | 0 |
| Number of joint returns | 28 | 81 | 117 | 79 | 42 | 30 | 0 |
| Number of returns from paid preparer | 128 | 183 | 180 | 86 | 36 | 30 | 0 |
| Total number of exemptions | 206 | 438 | 460 | 266 | 121 | 81 | 0 |
| Total number of dependents | 34 | 85 | 85 | 49 | 18 | 12 | 0 |
| Adjusted gross income | $3,129 | $17,413 | $35,654 | $61,162 | $84,864 | $165,689 | |
| Salaries and wages | $3,043 | $13,027 | $28,987 | $51,867 | $79,127 | $87,845 | |
| Taxable interest | $341 | $417 | $532 | $1,016 | $629 | $3,485 | |
| Ordinary dividends | $88 | $0 | $76 | $82 | $0 | $2,160 | |
| Business or professional net income | $468 | $1,508 | $1,726 | $796 | $4,090 | $0 | |
| Net capital gain | $0 | $26 | $0 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $400 | $398 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $470 | $1,730 | $3,514 | $6,153 | $0 | $0 | |
| Unemployment compensation | $0 | $249 | $377 | $485 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $834 | $2,568 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $821 | $2,027 | $7,212 | $9,764 | $13,684 | |
| State and local income taxes | $0 | $0 | $121 | $789 | $1,415 | $2,857 | |
| State and local general sales tax | $0 | $0 | $82 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $33 | $178 | $190 | $269 | |
| Taxes paid | $0 | $55 | $198 | $1,065 | $1,923 | $3,282 | |
| Mortgage interest paid | $0 | $0 | $403 | $2,163 | $2,865 | $0 | |
| Contributions | $0 | $0 | $315 | $1,137 | $2,090 | $2,928 | |
| Taxable income | $164 | $3,962 | $17,629 | $37,229 | $60,354 | $132,351 | |
| Total tax credits | $0 | $61 | $411 | $790 | $843 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $23 | $324 | $697 | $618 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $508 | $1,383 | $266 | $0 | $0 | $0 | |
| Excess earned income credit | $424 | $1,190 | $227 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $15 | $363 | $1,699 | $4,129 | $8,067 | $26,049 | |
| Total tax liability | $148 | $621 | $1,968 | $4,392 | $8,911 | $23,966 | |
| Tax due at time of filing | $28 | $78 | $168 | $235 | $725 | $904 | |
| Overpayments refunded | $-722 | $-2,389 | $-2,229 | $-2,660 | $-2,201 | $-2,352 | |
| Total Tax Liability / AGI | 5% | 4% | 6% | 7% | 11% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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