IRS Income Data for Oakland, TN 38060
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 12% | 18% | 24% | 19% | 13% | 12% | 1% |
| Number of returns | 527 | 778 | 1,040 | 831 | 549 | 495 | 61 |
| Number of joint returns | 53 | 153 | 362 | 550 | 485 | 462 | 57 |
| Number of returns from paid preparer | 239 | 430 | 552 | 428 | 275 | 263 | 50 |
| Total number of exemptions | 552 | 1,397 | 2,041 | 1,954 | 1,515 | 1,385 | 187 |
| Total number of dependents | 102 | 311 | 390 | 353 | 283 | 246 | 31 |
| Adjusted gross income | $3,923 | $17,358 | $37,059 | $62,521 | $86,390 | $126,511 | $484,606 |
| Salaries and wages | $4,617 | $13,652 | $30,145 | $52,677 | $76,600 | $105,290 | $206,226 |
| Taxable interest | $167 | $426 | $557 | $508 | $769 | $1,544 | $11,996 |
| Ordinary dividends | $69 | $146 | $214 | $304 | $219 | $605 | $5,980 |
| Business or professional net income | $-28 | $1,108 | $1,022 | $1,927 | $1,245 | $2,977 | $39,400 |
| Net capital gain | $-90 | $-56 | $63 | $238 | $260 | $1,474 | $36,182 |
| Taxable individual retirement account distributions | $126 | $367 | $700 | $1,153 | $1,049 | $4,840 | $0 |
| Taxable pensions and annuities | $387 | $1,888 | $3,130 | $3,858 | $4,129 | $8,790 | $6,865 |
| Unemployment compensation | $77 | $316 | $190 | $234 | $150 | $66 | $0 |
| Taxable Social Security benefits | $0 | $113 | $913 | $2,091 | $1,972 | $2,370 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,034 | $2,084 | $5,740 | $10,452 | $14,273 | $18,663 | $48,869 |
| State and local income taxes | $0 | $0 | $46 | $94 | $158 | $398 | $3,138 |
| State and local general sales tax | $46 | $133 | $406 | $1,036 | $1,312 | $1,895 | $2,853 |
| Real estate taxes | $86 | $102 | $288 | $484 | $755 | $1,096 | $2,666 |
| Taxes paid | $137 | $260 | $748 | $1,654 | $2,270 | $3,438 | $8,689 |
| Mortgage interest paid | $462 | $930 | $2,971 | $5,637 | $7,667 | $9,782 | $17,027 |
| Contributions | $49 | $224 | $698 | $1,321 | $2,097 | $3,296 | $10,234 |
| Taxable income | $206 | $4,491 | $19,472 | $39,854 | $59,657 | $96,067 | $425,811 |
| Total tax credits | $0 | $92 | $381 | $673 | $919 | $564 | $155 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $37 | $258 | $518 | $710 | $409 | $0 |
| Child and dependent care credit | $0 | $13 | $36 | $55 | $70 | $70 | $0 |
| Earned income credit | $424 | $1,152 | $211 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $366 | $1,027 | $169 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $961 |
| Income tax | $20 | $394 | $2,048 | $4,922 | $7,689 | $16,320 | $63,725 |
| Total tax liability | $122 | $632 | $2,299 | $5,302 | $8,047 | $17,075 | $67,233 |
| Tax due at time of filing | $21 | $92 | $178 | $419 | $334 | $1,497 | $10,255 |
| Overpayments refunded | $-824 | $-2,387 | $-2,323 | $-2,631 | $-2,904 | $-2,789 | $-2,849 |
| Total Tax Liability / AGI | 3% | 4% | 6% | 8% | 9% | 13% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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