IRS Income Data for Thaxton, MS 38871
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 28% | 31% | 14% | 7% | 4% | 0% |
| Number of returns | 114 | 205 | 225 | 104 | 53 | 26 | 0 |
| Number of joint returns | 21 | 68 | 129 | 89 | 47 | 26 | 0 |
| Number of returns from paid preparer | 74 | 168 | 173 | 81 | 40 | 21 | 0 |
| Total number of exemptions | 129 | 415 | 535 | 279 | 142 | 83 | 0 |
| Total number of dependents | 17 | 99 | 100 | 52 | 24 | 15 | 0 |
| Adjusted gross income | $4,342 | $17,764 | $36,075 | $60,370 | $86,685 | $131,520 | |
| Salaries and wages | $4,224 | $14,669 | $29,492 | $51,506 | $68,498 | $94,804 | |
| Taxable interest | $222 | $357 | $451 | $978 | $1,311 | $1,120 | |
| Ordinary dividends | $0 | $10 | $18 | $162 | $0 | $158 | |
| Business or professional net income | $-208 | $1,326 | $607 | $844 | $745 | $0 | |
| Net capital gain | $0 | $98 | $117 | $0 | $160 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $439 | $717 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,470 | $3,787 | $4,537 | $11,721 | $0 | |
| Unemployment compensation | $0 | $383 | $282 | $86 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,084 | $2,421 | $4,054 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $828 | $2,915 | $6,457 | $10,479 | $18,686 | |
| State and local income taxes | $0 | $0 | $158 | $645 | $1,450 | $3,831 | |
| State and local general sales tax | $0 | $0 | $106 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $144 | $284 | $511 | $823 | |
| Taxes paid | $0 | $106 | $362 | $1,069 | $2,373 | $4,959 | |
| Mortgage interest paid | $0 | $0 | $1,105 | $1,679 | $1,996 | $4,673 | |
| Contributions | $0 | $0 | $675 | $1,295 | $3,539 | $6,601 | |
| Taxable income | $256 | $4,077 | $17,579 | $37,432 | $62,367 | $90,682 | |
| Total tax credits | $0 | $61 | $415 | $672 | $591 | $1,079 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $41 | $336 | $578 | $415 | $704 | |
| Child and dependent care credit | $0 | $0 | $37 | $0 | $0 | $0 | |
| Earned income credit | $390 | $1,504 | $248 | $0 | $0 | $0 | |
| Excess earned income credit | $347 | $1,331 | $217 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $28 | $394 | $1,671 | $4,279 | $8,503 | $14,643 | |
| Total tax liability | $101 | $661 | $1,848 | $4,493 | $9,055 | $15,604 | |
| Tax due at time of filing | $0 | $95 | $168 | $336 | $1,885 | $0 | |
| Overpayments refunded | $-667 | $-2,659 | $-2,277 | $-1,960 | $-1,719 | $-2,285 | |
| Total Tax Liability / AGI | 2% | 4% | 5% | 7% | 10% | 12% |
All numbers in the table are 2010 averages for that income class and zip code.
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