IRS Income Data for Salem, AL 36874
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 27% | 28% | 14% | 8% | 8% | 1% |
| Number of returns | 471 | 861 | 898 | 459 | 246 | 251 | 40 |
| Number of joint returns | 66 | 170 | 340 | 320 | 221 | 236 | 36 |
| Number of returns from paid preparer | 303 | 618 | 618 | 329 | 173 | 176 | 31 |
| Total number of exemptions | 587 | 1,712 | 1,972 | 1,175 | 694 | 699 | 110 |
| Total number of dependents | 131 | 446 | 437 | 233 | 128 | 126 | 15 |
| Adjusted gross income | $4,156 | $17,128 | $35,539 | $61,410 | $85,607 | $127,828 | $431,453 |
| Salaries and wages | $4,620 | $14,244 | $31,187 | $51,182 | $70,701 | $102,199 | $309,947 |
| Taxable interest | $235 | $192 | $384 | $606 | $968 | $1,752 | $12,781 |
| Ordinary dividends | $80 | $53 | $121 | $217 | $442 | $1,194 | $3,611 |
| Business or professional net income | $-223 | $379 | $167 | $610 | $2,721 | $2,435 | $13,745 |
| Net capital gain | $210 | $-5 | $74 | $182 | $269 | $2,603 | $10,639 |
| Taxable individual retirement account distributions | $70 | $215 | $434 | $1,072 | $1,416 | $1,844 | $0 |
| Taxable pensions and annuities | $640 | $1,682 | $2,892 | $4,986 | $5,832 | $11,451 | $16,249 |
| Unemployment compensation | $68 | $412 | $166 | $416 | $210 | $161 | $0 |
| Taxable Social Security benefits | $0 | $37 | $619 | $2,186 | $2,509 | $2,449 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,151 | $1,448 | $4,948 | $10,185 | $12,929 | $22,733 | $61,102 |
| State and local income taxes | $0 | $79 | $493 | $1,352 | $2,466 | $4,974 | $15,798 |
| State and local general sales tax | $10 | $23 | $45 | $76 | $0 | $113 | $0 |
| Real estate taxes | $46 | $45 | $212 | $449 | $574 | $1,175 | $3,793 |
| Taxes paid | $93 | $164 | $817 | $2,008 | $3,271 | $6,594 | $21,136 |
| Mortgage interest paid | $578 | $430 | $2,096 | $4,522 | $5,409 | $9,610 | $18,714 |
| Contributions | $0 | $198 | $646 | $1,599 | $2,168 | $4,068 | $12,260 |
| Taxable income | $225 | $3,806 | $17,286 | $37,789 | $58,842 | $93,942 | $362,075 |
| Total tax credits | $0 | $79 | $511 | $755 | $968 | $382 | $111 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $39 | $309 | $564 | $722 | $320 | $0 |
| Child and dependent care credit | $0 | $10 | $54 | $51 | $91 | $45 | $0 |
| Earned income credit | $639 | $1,624 | $367 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $557 | $1,482 | $304 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $1,767 |
| Income tax | $23 | $334 | $1,586 | $4,374 | $7,431 | $15,747 | $98,734 |
| Total tax liability | $129 | $504 | $1,773 | $4,635 | $7,982 | $16,596 | $100,953 |
| Tax due at time of filing | $21 | $53 | $147 | $341 | $501 | $1,533 | $13,905 |
| Overpayments refunded | $-995 | $-2,807 | $-2,657 | $-2,528 | $-2,939 | $-2,641 | $-3,923 |
| Total Tax Liability / AGI | 3% | 3% | 5% | 8% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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