IRS Income Data for Forest, MS 39074
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 39% | 24% | 8% | 4% | 3% | 1% |
| Number of returns | 1,195 | 2,291 | 1,400 | 494 | 238 | 168 | 51 |
| Number of joint returns | 97 | 302 | 434 | 333 | 202 | 140 | 41 |
| Number of returns from paid preparer | 752 | 1,650 | 936 | 340 | 174 | 140 | 48 |
| Total number of exemptions | 1,746 | 5,096 | 3,216 | 1,280 | 655 | 441 | 129 |
| Total number of dependents | 488 | 1,567 | 795 | 264 | 121 | 78 | 23 |
| Adjusted gross income | $4,693 | $17,472 | $35,066 | $61,165 | $85,712 | $129,158 | $358,340 |
| Salaries and wages | $4,769 | $15,665 | $30,469 | $51,397 | $68,438 | $83,605 | $140,028 |
| Taxable interest | $163 | $210 | $668 | $1,312 | $1,700 | $3,774 | $4,783 |
| Ordinary dividends | $41 | $30 | $156 | $470 | $734 | $3,368 | $9,194 |
| Business or professional net income | $384 | $689 | $534 | $915 | $2,147 | $4,038 | $25,658 |
| Net capital gain | $24 | $17 | $114 | $-83 | $1,377 | $3,848 | $25,639 |
| Taxable individual retirement account distributions | $59 | $143 | $266 | $605 | $1,241 | $3,015 | $0 |
| Taxable pensions and annuities | $293 | $853 | $2,180 | $4,848 | $6,517 | $12,546 | $0 |
| Unemployment compensation | $57 | $106 | $75 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $36 | $644 | $2,079 | $3,316 | $5,140 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $389 | $602 | $2,429 | $6,484 | $9,503 | $17,715 | $40,855 |
| State and local income taxes | $15 | $12 | $156 | $707 | $1,281 | $3,691 | $11,855 |
| State and local general sales tax | $6 | $17 | $58 | $105 | $122 | $139 | $0 |
| Real estate taxes | $25 | $22 | $115 | $206 | $472 | $1,489 | $2,802 |
| Taxes paid | $70 | $58 | $383 | $1,131 | $2,073 | $5,622 | $15,799 |
| Mortgage interest paid | $75 | $103 | $488 | $1,449 | $2,159 | $3,977 | $6,038 |
| Contributions | $0 | $82 | $439 | $1,348 | $2,485 | $5,490 | $12,915 |
| Taxable income | $147 | $3,417 | $17,722 | $39,277 | $60,711 | $99,316 | $308,644 |
| Total tax credits | $0 | $120 | $538 | $791 | $911 | $1,066 | $4,250 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $78 | $408 | $608 | $624 | $287 | $0 |
| Child and dependent care credit | $0 | $6 | $38 | $53 | $69 | $0 | $0 |
| Earned income credit | $943 | $2,156 | $451 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $868 | $2,035 | $372 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,765 |
| Income tax | $17 | $244 | $1,618 | $4,649 | $7,749 | $16,568 | $75,262 |
| Total tax liability | $127 | $380 | $1,800 | $4,913 | $8,151 | $17,347 | $78,101 |
| Tax due at time of filing | $23 | $41 | $182 | $359 | $746 | $2,327 | $23,217 |
| Overpayments refunded | $-1,389 | $-3,496 | $-2,355 | $-2,234 | $-2,553 | $-2,294 | $-2,316 |
| Total Tax Liability / AGI | 3% | 2% | 5% | 8% | 10% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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