IRS Income Data for Horn Lake, MS 38637
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 29% | 33% | 12% | 6% | 3% | 0% |
| Number of returns | 1,964 | 3,295 | 3,712 | 1,404 | 657 | 345 | 21 |
| Number of joint returns | 137 | 432 | 926 | 884 | 540 | 307 | 18 |
| Number of returns from paid preparer | 925 | 1,995 | 2,064 | 737 | 334 | 191 | 11 |
| Total number of exemptions | 2,418 | 7,184 | 8,704 | 3,762 | 1,835 | 954 | 52 |
| Total number of dependents | 564 | 1,875 | 2,129 | 744 | 353 | 179 | 0 |
| Adjusted gross income | $5,064 | $17,376 | $35,480 | $60,744 | $86,016 | $121,110 | $405,131 |
| Salaries and wages | $4,761 | $15,379 | $33,096 | $54,190 | $75,931 | $99,908 | $183,641 |
| Taxable interest | $57 | $133 | $125 | $244 | $460 | $826 | $2,406 |
| Ordinary dividends | $18 | $28 | $48 | $66 | $154 | $507 | $0 |
| Business or professional net income | $53 | $702 | $171 | $510 | $1,222 | $3,279 | $0 |
| Net capital gain | $-12 | $9 | $15 | $23 | $143 | $808 | $0 |
| Taxable individual retirement account distributions | $33 | $147 | $197 | $619 | $1,166 | $3,220 | $0 |
| Taxable pensions and annuities | $212 | $808 | $1,377 | $3,145 | $4,825 | $9,060 | $0 |
| Unemployment compensation | $105 | $182 | $147 | $189 | $198 | $135 | $0 |
| Taxable Social Security benefits | $0 | $27 | $341 | $1,365 | $1,902 | $2,144 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $273 | $1,196 | $4,872 | $8,595 | $12,592 | $20,280 | $93,788 |
| State and local income taxes | $12 | $34 | $323 | $902 | $1,853 | $3,531 | $15,628 |
| State and local general sales tax | $7 | $42 | $128 | $146 | $187 | $213 | $0 |
| Real estate taxes | $15 | $62 | $266 | $461 | $801 | $1,276 | $1,601 |
| Taxes paid | $36 | $180 | $832 | $1,689 | $3,133 | $5,515 | $17,802 |
| Mortgage interest paid | $114 | $456 | $1,863 | $3,244 | $4,811 | $6,408 | $7,700 |
| Contributions | $15 | $165 | $693 | $1,395 | $2,311 | $3,733 | $8,233 |
| Taxable income | $222 | $3,886 | $17,317 | $37,539 | $59,742 | $89,083 | $302,386 |
| Total tax credits | $0 | $106 | $582 | $861 | $857 | $505 | $0 |
| Residential energy tax credit | $0 | $0 | $3 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $56 | $395 | $698 | $642 | $382 | $0 |
| Child and dependent care credit | $0 | $17 | $82 | $70 | $62 | $73 | $0 |
| Earned income credit | $635 | $1,653 | $382 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $577 | $1,516 | $337 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $6 | $0 | $78 | $0 |
| Income tax | $22 | $313 | $1,552 | $4,352 | $7,982 | $14,973 | $52,742 |
| Total tax liability | $109 | $481 | $1,666 | $4,553 | $8,322 | $15,762 | $54,159 |
| Tax due at time of filing | $20 | $39 | $112 | $266 | $474 | $1,541 | $0 |
| Overpayments refunded | $-1,132 | $-2,979 | $-2,674 | $-2,567 | $-2,644 | $-2,288 | $-2,418 |
| Total Tax Liability / AGI | 2% | 3% | 5% | 7% | 10% | 13% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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