IRS Income Data for Tupelo, MS 38801
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 28% | 23% | 11% | 7% | 7% | 2% |
| Number of returns | 2,510 | 3,267 | 2,670 | 1,309 | 788 | 779 | 255 |
| Number of joint returns | 165 | 446 | 823 | 882 | 671 | 691 | 239 |
| Number of returns from paid preparer | 1,486 | 2,326 | 1,766 | 869 | 515 | 526 | 207 |
| Total number of exemptions | 2,956 | 6,624 | 5,829 | 3,251 | 2,185 | 2,280 | 836 |
| Total number of dependents | 731 | 1,768 | 1,294 | 613 | 407 | 434 | 152 |
| Adjusted gross income | $4,402 | $17,296 | $34,869 | $61,527 | $86,715 | $131,203 | $433,788 |
| Salaries and wages | $4,497 | $14,465 | $28,977 | $46,906 | $66,875 | $95,175 | $277,203 |
| Taxable interest | $152 | $349 | $612 | $1,062 | $1,546 | $3,090 | $11,222 |
| Ordinary dividends | $92 | $136 | $305 | $1,023 | $974 | $2,807 | $9,867 |
| Business or professional net income | $138 | $666 | $809 | $1,841 | $2,711 | $4,289 | $29,831 |
| Net capital gain | $-32 | $17 | $82 | $284 | $431 | $1,133 | $16,336 |
| Taxable individual retirement account distributions | $53 | $357 | $548 | $1,086 | $2,258 | $3,401 | $4,863 |
| Taxable pensions and annuities | $232 | $1,160 | $2,686 | $5,839 | $7,774 | $10,692 | $9,008 |
| Unemployment compensation | $81 | $237 | $115 | $138 | $90 | $102 | $0 |
| Taxable Social Security benefits | $0 | $82 | $891 | $3,097 | $3,746 | $3,947 | $3,301 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $213 | $2,332 |
| Total itemized deductions | $471 | $1,157 | $4,067 | $9,516 | $14,109 | $22,074 | $58,344 |
| State and local income taxes | $23 | $33 | $277 | $1,102 | $2,059 | $4,157 | $19,275 |
| State and local general sales tax | $11 | $36 | $103 | $183 | $182 | $215 | $0 |
| Real estate taxes | $39 | $75 | $262 | $660 | $1,024 | $1,777 | $5,088 |
| Taxes paid | $81 | $162 | $715 | $2,120 | $3,552 | $6,567 | $25,496 |
| Mortgage interest paid | $143 | $308 | $1,332 | $3,076 | $4,611 | $6,888 | $13,093 |
| Contributions | $30 | $199 | $691 | $2,002 | $3,312 | $5,739 | $15,934 |
| Taxable income | $218 | $3,891 | $17,361 | $38,515 | $59,448 | $97,275 | $365,589 |
| Total tax credits | $1 | $96 | $412 | $696 | $818 | $512 | $327 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $56 | $303 | $524 | $600 | $363 | $0 |
| Child and dependent care credit | $0 | $10 | $36 | $56 | $68 | $50 | $43 |
| Earned income credit | $654 | $1,620 | $337 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $610 | $1,533 | $285 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $54 | $2,592 |
| Income tax | $22 | $319 | $1,704 | $4,605 | $7,737 | $16,674 | $99,313 |
| Total tax liability | $104 | $457 | $1,884 | $5,060 | $8,309 | $17,497 | $102,250 |
| Tax due at time of filing | $28 | $57 | $174 | $528 | $704 | $1,812 | $10,230 |
| Overpayments refunded | $-1,168 | $-2,907 | $-2,241 | $-2,046 | $-2,224 | $-2,493 | $-6,059 |
| Total Tax Liability / AGI | 2% | 3% | 5% | 8% | 10% | 13% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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