IRS Income Data for Pennington, AL 36916
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 27% | 27% | 21% | 11% | 7% | 7% | 0% |
| Number of returns | 80 | 80 | 60 | 33 | 20 | 19 | 0 |
| Number of joint returns | 0 | 23 | 23 | 10 | 17 | 16 | 0 |
| Number of returns from paid preparer | 30 | 56 | 46 | 27 | 17 | 17 | 0 |
| Total number of exemptions | 104 | 171 | 128 | 66 | 58 | 50 | 0 |
| Total number of dependents | 20 | 48 | 30 | 12 | 13 | 11 | 0 |
| Adjusted gross income | $2,791 | $17,327 | $36,878 | $61,612 | $90,311 | $120,946 | |
| Salaries and wages | $2,637 | $14,192 | $30,764 | $54,135 | $84,715 | $111,653 | |
| Taxable interest | $141 | $0 | $1,031 | $382 | $316 | $1,079 | |
| Ordinary dividends | $0 | $20 | $0 | $0 | $0 | $0 | |
| Business or professional net income | $-36 | $245 | $0 | $0 | $0 | $0 | |
| Net capital gain | $0 | $153 | $0 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $2,407 | $5,532 | $7,378 | $0 | $0 | |
| Unemployment compensation | $0 | $604 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $3,201 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $6,635 | $10,845 | $0 | $14,911 | |
| State and local income taxes | $0 | $0 | $485 | $1,826 | $0 | $3,570 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $69 | $165 | $0 | $552 | |
| Taxes paid | $0 | $0 | $831 | $2,158 | $0 | $4,659 | |
| Mortgage interest paid | $0 | $0 | $1,306 | $2,293 | $0 | $0 | |
| Contributions | $0 | $0 | $913 | $1,842 | $0 | $2,652 | |
| Taxable income | $0 | $3,826 | $17,895 | $42,990 | $67,533 | $93,901 | |
| Total tax credits | $0 | $108 | $459 | $0 | $1,182 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $58 | $338 | $0 | $0 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $614 | $1,913 | $255 | $0 | $0 | $0 | |
| Excess earned income credit | $533 | $1,773 | $211 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $307 | $1,701 | $6,313 | $9,361 | $16,113 | |
| Total tax liability | $101 | $435 | $1,741 | $6,338 | $9,406 | $16,600 | |
| Tax due at time of filing | $0 | $0 | $478 | $0 | $0 | $0 | |
| Overpayments refunded | $-2,010 | $-3,143 | $-2,207 | $-2,329 | $-4,088 | $-3,487 | |
| Total Tax Liability / AGI | 4% | 3% | 5% | 10% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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