IRS Income Data for Parsons, TN 38363
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 30% | 26% | 12% | 6% | 3% | 1% |
| Number of returns | 522 | 697 | 621 | 284 | 134 | 74 | 16 |
| Number of joint returns | 107 | 188 | 317 | 226 | 120 | 64 | 15 |
| Number of returns from paid preparer | 302 | 516 | 430 | 200 | 98 | 56 | 14 |
| Total number of exemptions | 690 | 1,440 | 1,448 | 738 | 390 | 195 | 39 |
| Total number of dependents | 114 | 332 | 279 | 134 | 74 | 40 | 0 |
| Adjusted gross income | $3,882 | $17,141 | $35,448 | $61,723 | $86,303 | $132,006 | $326,669 |
| Salaries and wages | $4,108 | $13,570 | $29,574 | $51,006 | $73,696 | $92,563 | $105,101 |
| Taxable interest | $239 | $485 | $841 | $1,288 | $2,377 | $4,850 | $4,697 |
| Ordinary dividends | $57 | $95 | $176 | $265 | $870 | $560 | $0 |
| Business or professional net income | $32 | $1,191 | $1,230 | $756 | $3,306 | $12,619 | $0 |
| Net capital gain | $59 | $87 | $420 | $578 | $2,250 | $8,898 | $0 |
| Taxable individual retirement account distributions | $136 | $387 | $454 | $1,462 | $0 | $2,670 | $0 |
| Taxable pensions and annuities | $514 | $1,162 | $2,144 | $4,739 | $4,438 | $8,758 | $0 |
| Unemployment compensation | $141 | $413 | $543 | $465 | $353 | $0 | $0 |
| Taxable Social Security benefits | $0 | $30 | $923 | $2,549 | $2,113 | $7,451 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $412 | $691 | $2,418 | $4,924 | $9,502 | $20,246 | $0 |
| State and local income taxes | $0 | $0 | $47 | $126 | $0 | $1,065 | $0 |
| State and local general sales tax | $0 | $47 | $148 | $347 | $718 | $1,505 | $0 |
| Real estate taxes | $0 | $26 | $83 | $137 | $281 | $720 | $0 |
| Taxes paid | $0 | $80 | $280 | $601 | $1,108 | $3,550 | $0 |
| Mortgage interest paid | $0 | $181 | $721 | $1,325 | $2,864 | $3,534 | $0 |
| Contributions | $0 | $82 | $332 | $510 | $1,956 | $5,734 | $0 |
| Taxable income | $124 | $3,747 | $17,369 | $39,937 | $61,364 | $100,689 | $299,102 |
| Total tax credits | $0 | $71 | $393 | $737 | $937 | $391 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $41 | $304 | $625 | $754 | $228 | $0 |
| Child and dependent care credit | $0 | $0 | $24 | $47 | $46 | $0 | $0 |
| Earned income credit | $476 | $1,268 | $327 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $410 | $1,114 | $274 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $691 | $0 |
| Income tax | $13 | $331 | $1,667 | $4,722 | $7,805 | $17,824 | $67,939 |
| Total tax liability | $134 | $540 | $1,898 | $5,056 | $8,371 | $19,164 | $74,057 |
| Tax due at time of filing | $43 | $37 | $190 | $244 | $521 | $3,570 | $0 |
| Overpayments refunded | $-862 | $-2,503 | $-2,580 | $-2,529 | $-3,117 | $-2,438 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 5% | 8% | 10% | 15% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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