IRS Income Data for Franklin, TN 37067
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 13% | 17% | 12% | 11% | 22% | 9% |
| Number of returns | 1,743 | 1,405 | 1,838 | 1,317 | 1,125 | 2,361 | 912 |
| Number of joint returns | 165 | 235 | 514 | 688 | 803 | 2,023 | 832 |
| Number of returns from paid preparer | 691 | 624 | 812 | 653 | 538 | 1,200 | 614 |
| Total number of exemptions | 1,262 | 2,138 | 3,266 | 2,826 | 2,813 | 6,987 | 2,883 |
| Total number of dependents | 165 | 313 | 488 | 453 | 504 | 1,355 | 572 |
| Adjusted gross income | $2,332 | $17,220 | $36,945 | $62,017 | $86,994 | $138,171 | $356,444 |
| Salaries and wages | $4,663 | $13,052 | $28,737 | $46,901 | $67,349 | $114,550 | $259,970 |
| Taxable interest | $438 | $532 | $935 | $1,256 | $1,891 | $2,044 | $5,252 |
| Ordinary dividends | $377 | $489 | $841 | $1,146 | $1,554 | $1,818 | $6,089 |
| Business or professional net income | $-269 | $1,490 | $1,964 | $3,631 | $4,753 | $7,462 | $31,529 |
| Net capital gain | $-5 | $-33 | $116 | $236 | $288 | $1,492 | $16,088 |
| Taxable individual retirement account distributions | $356 | $622 | $1,217 | $1,835 | $2,034 | $2,510 | $4,506 |
| Taxable pensions and annuities | $362 | $1,496 | $2,638 | $4,716 | $5,532 | $5,185 | $5,315 |
| Unemployment compensation | $46 | $94 | $162 | $239 | $231 | $163 | $68 |
| Taxable Social Security benefits | $0 | $121 | $1,032 | $2,561 | $2,860 | $1,995 | $1,335 |
| Self-employment retirement plans | $0 | $0 | $0 | $98 | $231 | $463 | $2,965 |
| Total itemized deductions | $2,536 | $2,864 | $6,086 | $11,155 | $15,855 | $23,490 | $40,718 |
| State and local income taxes | $65 | $39 | $112 | $241 | $349 | $718 | $2,575 |
| State and local general sales tax | $33 | $126 | $279 | $633 | $1,079 | $1,839 | $3,197 |
| Real estate taxes | $218 | $249 | $550 | $1,047 | $1,423 | $2,312 | $3,900 |
| Taxes paid | $381 | $422 | $958 | $1,945 | $2,896 | $4,926 | $9,733 |
| Mortgage interest paid | $1,420 | $1,205 | $2,614 | $5,559 | $8,216 | $12,483 | $19,080 |
| Contributions | $35 | $292 | $771 | $1,678 | $2,221 | $4,156 | $10,466 |
| Taxable income | $344 | $5,630 | $20,457 | $39,425 | $59,836 | $102,750 | $305,387 |
| Total tax credits | $1 | $89 | $280 | $533 | $745 | $531 | $897 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $20 | $157 | $393 | $540 | $351 | $0 |
| Child and dependent care credit | $0 | $7 | $17 | $25 | $39 | $63 | $47 |
| Earned income credit | $145 | $426 | $102 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $116 | $350 | $68 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $63 | $880 |
| Income tax | $32 | $520 | $2,342 | $5,263 | $8,418 | $18,353 | $79,063 |
| Total tax liability | $206 | $807 | $2,754 | $6,076 | $9,443 | $19,743 | $82,791 |
| Tax due at time of filing | $70 | $162 | $270 | $598 | $979 | $1,695 | $10,161 |
| Overpayments refunded | $-803 | $-1,431 | $-1,735 | $-2,311 | $-2,817 | $-3,381 | $-4,698 |
| Total Tax Liability / AGI | 9% | 5% | 7% | 10% | 11% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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