IRS Income Data for Chattanooga, TN 37403
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 31% | 28% | 19% | 7% | 5% | 6% | 5% |
| Number of returns | 350 | 306 | 212 | 75 | 51 | 64 | 54 |
| Number of joint returns | 0 | 28 | 26 | 29 | 23 | 40 | 37 |
| Number of returns from paid preparer | 130 | 157 | 82 | 34 | 27 | 42 | 46 |
| Total number of exemptions | 317 | 458 | 324 | 131 | 90 | 126 | 130 |
| Total number of dependents | 53 | 92 | 50 | 17 | 11 | 15 | 22 |
| Adjusted gross income | $4,091 | $17,231 | $35,197 | $61,404 | $85,589 | $142,169 | $568,989 |
| Salaries and wages | $5,464 | $15,512 | $31,368 | $47,885 | $59,708 | $94,169 | $261,305 |
| Taxable interest | $137 | $257 | $360 | $658 | $694 | $1,899 | $25,978 |
| Ordinary dividends | $139 | $215 | $447 | $689 | $439 | $4,374 | $11,510 |
| Business or professional net income | $-295 | $877 | $282 | $1,443 | $12,263 | $9,371 | $28,783 |
| Net capital gain | $-89 | $17 | $167 | $122 | $79 | $2,032 | $34,886 |
| Taxable individual retirement account distributions | $150 | $0 | $456 | $0 | $0 | $5,711 | $0 |
| Taxable pensions and annuities | $174 | $546 | $2,184 | $5,997 | $0 | $16,109 | $3,926 |
| Unemployment compensation | $0 | $243 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $551 | $3,294 | $0 | $5,500 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $636 | $912 | $2,910 | $7,248 | $10,012 | $21,640 | $92,218 |
| State and local income taxes | $0 | $0 | $106 | $491 | $0 | $0 | $2,645 |
| State and local general sales tax | $0 | $47 | $168 | $583 | $545 | $1,445 | $2,451 |
| Real estate taxes | $0 | $129 | $374 | $711 | $1,165 | $3,094 | $9,141 |
| Taxes paid | $126 | $156 | $646 | $1,445 | $2,315 | $5,648 | $14,427 |
| Mortgage interest paid | $0 | $778 | $1,195 | $3,850 | $5,780 | $8,162 | $18,103 |
| Contributions | $0 | $110 | $504 | $1,283 | $796 | $4,759 | $15,930 |
| Taxable income | $227 | $5,791 | $21,732 | $43,215 | $65,681 | $111,327 | $469,322 |
| Total tax credits | $0 | $93 | $279 | $334 | $344 | $244 | $196 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $141 | $227 | $236 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $353 | $912 | $151 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $325 | $861 | $115 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,198 |
| Income tax | $24 | $555 | $2,531 | $6,331 | $10,692 | $21,562 | $117,106 |
| Total tax liability | $86 | $732 | $2,631 | $7,138 | $12,679 | $23,567 | $121,008 |
| Tax due at time of filing | $25 | $155 | $157 | $843 | $1,907 | $3,256 | $8,826 |
| Overpayments refunded | $-883 | $-2,110 | $-1,883 | $-2,094 | $-1,993 | $-4,180 | $-8,792 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 12% | 15% | 17% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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