IRS Income Data for Gadsden, AL 35905
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 25% | 24% | 15% | 9% | 8% | 1% |
| Number of returns | 524 | 690 | 676 | 415 | 241 | 212 | 28 |
| Number of joint returns | 85 | 213 | 355 | 312 | 212 | 203 | 24 |
| Number of returns from paid preparer | 339 | 497 | 519 | 312 | 172 | 133 | 24 |
| Total number of exemptions | 560 | 1,226 | 1,477 | 1,059 | 675 | 625 | 87 |
| Total number of dependents | 75 | 231 | 268 | 194 | 125 | 116 | 19 |
| Adjusted gross income | $4,366 | $16,621 | $36,466 | $61,859 | $86,351 | $127,167 | $269,375 |
| Salaries and wages | $4,065 | $11,321 | $28,653 | $50,804 | $71,153 | $105,614 | $181,967 |
| Taxable interest | $392 | $676 | $752 | $692 | $1,481 | $1,542 | $666 |
| Ordinary dividends | $76 | $99 | $199 | $155 | $391 | $235 | $976 |
| Business or professional net income | $-14 | $990 | $183 | $496 | $976 | $4,209 | $0 |
| Net capital gain | $-16 | $33 | $13 | $46 | $239 | $101 | $-65 |
| Taxable individual retirement account distributions | $169 | $517 | $776 | $879 | $1,629 | $1,983 | $0 |
| Taxable pensions and annuities | $644 | $2,816 | $4,662 | $5,928 | $7,024 | $8,977 | $0 |
| Unemployment compensation | $88 | $196 | $150 | $234 | $338 | $49 | $0 |
| Taxable Social Security benefits | $0 | $154 | $1,221 | $2,721 | $2,465 | $2,052 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $743 | $1,400 | $4,646 | $8,428 | $14,084 | $20,162 | $48,299 |
| State and local income taxes | $33 | $59 | $436 | $1,207 | $2,698 | $4,683 | $11,805 |
| State and local general sales tax | $0 | $41 | $99 | $165 | $0 | $0 | $0 |
| Real estate taxes | $24 | $32 | $116 | $256 | $459 | $778 | $1,865 |
| Taxes paid | $71 | $137 | $703 | $1,695 | $3,463 | $5,906 | $14,050 |
| Mortgage interest paid | $290 | $424 | $1,458 | $2,866 | $4,706 | $7,526 | $11,307 |
| Contributions | $67 | $210 | $633 | $1,574 | $2,611 | $4,091 | $12,730 |
| Taxable income | $186 | $3,730 | $17,941 | $39,021 | $59,092 | $94,862 | $210,833 |
| Total tax credits | $0 | $55 | $385 | $703 | $809 | $636 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $27 | $279 | $551 | $636 | $410 | $0 |
| Child and dependent care credit | $0 | $0 | $29 | $31 | $38 | $29 | $0 |
| Earned income credit | $359 | $1,022 | $248 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $303 | $906 | $200 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $1,349 |
| Income tax | $19 | $352 | $1,783 | $4,661 | $7,743 | $16,023 | $48,513 |
| Total tax liability | $99 | $534 | $2,000 | $4,902 | $8,081 | $16,948 | $51,067 |
| Tax due at time of filing | $15 | $74 | $164 | $312 | $565 | $1,279 | $0 |
| Overpayments refunded | $-668 | $-2,019 | $-2,327 | $-2,356 | $-3,078 | $-3,029 | $-3,065 |
| Total Tax Liability / AGI | 2% | 3% | 5% | 8% | 9% | 13% | 19% |
All numbers in the table are 2010 averages for that income class and zip code.
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