IRS Income Data for Prospect, TN 38477
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 26% | 26% | 14% | 7% | 7% | 0% |
| Number of returns | 218 | 291 | 295 | 151 | 83 | 76 | 0 |
| Number of joint returns | 35 | 110 | 152 | 122 | 75 | 69 | 0 |
| Number of returns from paid preparer | 130 | 211 | 213 | 119 | 57 | 57 | 0 |
| Total number of exemptions | 249 | 572 | 646 | 419 | 220 | 218 | 0 |
| Total number of dependents | 39 | 108 | 109 | 75 | 31 | 37 | 0 |
| Adjusted gross income | $3,010 | $17,326 | $36,312 | $61,012 | $84,333 | $143,880 | |
| Salaries and wages | $4,083 | $12,138 | $29,401 | $48,905 | $67,224 | $109,227 | |
| Taxable interest | $402 | $658 | $771 | $822 | $1,794 | $508 | |
| Ordinary dividends | $0 | $159 | $154 | $105 | $654 | $557 | |
| Business or professional net income | $619 | $1,299 | $1,104 | $1,189 | $1,762 | $0 | |
| Net capital gain | $-5 | $110 | $48 | $77 | $1,037 | $6,646 | |
| Taxable individual retirement account distributions | $0 | $314 | $489 | $1,640 | $3,159 | $0 | |
| Taxable pensions and annuities | $655 | $3,044 | $4,721 | $7,807 | $7,558 | $9,982 | |
| Unemployment compensation | $0 | $456 | $276 | $368 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $96 | $887 | $2,237 | $5,023 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,002 | $2,579 | $5,025 | $6,404 | $17,807 | |
| State and local income taxes | $0 | $0 | $96 | $262 | $452 | $2,612 | |
| State and local general sales tax | $0 | $73 | $137 | $228 | $415 | $443 | |
| Real estate taxes | $0 | $66 | $139 | $244 | $398 | $886 | |
| Taxes paid | $0 | $111 | $398 | $770 | $1,297 | $4,080 | |
| Mortgage interest paid | $0 | $285 | $1,002 | $2,092 | $2,536 | $6,957 | |
| Contributions | $0 | $163 | $342 | $822 | $1,665 | $4,119 | |
| Taxable income | $262 | $4,003 | $18,734 | $38,728 | $61,308 | $107,624 | |
| Total tax credits | $0 | $53 | $374 | $830 | $663 | $308 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $18 | $295 | $641 | $509 | $245 | |
| Child and dependent care credit | $0 | $0 | $28 | $48 | $0 | $0 | |
| Earned income credit | $347 | $1,176 | $238 | $0 | $0 | $0 | |
| Excess earned income credit | $280 | $1,017 | $183 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $26 | $384 | $1,902 | $4,382 | $7,983 | $18,530 | |
| Total tax liability | $170 | $606 | $2,152 | $4,768 | $8,435 | $19,834 | |
| Tax due at time of filing | $63 | $52 | $203 | $434 | $606 | $2,538 | |
| Overpayments refunded | $-703 | $-2,217 | $-2,347 | $-2,740 | $-2,685 | $-3,336 | |
| Total Tax Liability / AGI | 6% | 3% | 6% | 8% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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