IRS Income Data for Morton, MS 39117
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 33% | 26% | 11% | 6% | 4% | 0% |
| Number of returns | 784 | 1,266 | 1,014 | 444 | 219 | 147 | 12 |
| Number of joint returns | 108 | 251 | 413 | 332 | 201 | 139 | 11 |
| Number of returns from paid preparer | 524 | 918 | 709 | 317 | 150 | 108 | 12 |
| Total number of exemptions | 1,129 | 2,812 | 2,366 | 1,192 | 631 | 418 | 28 |
| Total number of dependents | 278 | 784 | 544 | 247 | 114 | 82 | 0 |
| Adjusted gross income | $4,165 | $17,261 | $35,646 | $60,774 | $85,180 | $124,528 | $411,930 |
| Salaries and wages | $5,252 | $14,864 | $32,050 | $52,263 | $70,509 | $99,366 | $0 |
| Taxable interest | $275 | $287 | $601 | $1,133 | $1,324 | $1,866 | $0 |
| Ordinary dividends | $15 | $22 | $45 | $268 | $158 | $847 | $0 |
| Business or professional net income | $356 | $838 | $472 | $1,211 | $1,776 | $1,698 | $0 |
| Net capital gain | $56 | $16 | $6 | $213 | $566 | $2,164 | $0 |
| Taxable individual retirement account distributions | $54 | $233 | $293 | $540 | $1,627 | $0 | $0 |
| Taxable pensions and annuities | $317 | $1,084 | $1,807 | $4,075 | $6,832 | $7,111 | $0 |
| Unemployment compensation | $0 | $124 | $61 | $125 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $52 | $613 | $2,073 | $3,075 | $2,873 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $471 | $760 | $2,859 | $6,345 | $10,286 | $20,581 | $0 |
| State and local income taxes | $91 | $16 | $179 | $684 | $1,481 | $4,304 | $0 |
| State and local general sales tax | $0 | $40 | $57 | $134 | $113 | $0 | $0 |
| Real estate taxes | $18 | $25 | $84 | $189 | $375 | $853 | $0 |
| Taxes paid | $122 | $85 | $365 | $1,119 | $2,183 | $5,917 | $0 |
| Mortgage interest paid | $94 | $144 | $657 | $1,208 | $2,700 | $4,516 | $0 |
| Contributions | $0 | $132 | $481 | $1,428 | $2,145 | $5,742 | $0 |
| Taxable income | $165 | $3,307 | $17,740 | $38,430 | $59,284 | $94,437 | $366,606 |
| Total tax credits | $0 | $84 | $523 | $826 | $942 | $950 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $57 | $362 | $640 | $698 | $407 | $0 |
| Child and dependent care credit | $0 | $6 | $41 | $55 | $64 | $36 | $0 |
| Earned income credit | $789 | $1,914 | $373 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $710 | $1,767 | $300 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $154 | $0 |
| Income tax | $17 | $272 | $1,633 | $4,373 | $7,463 | $15,518 | $93,996 |
| Total tax liability | $152 | $455 | $1,806 | $4,658 | $7,781 | $16,022 | $94,623 |
| Tax due at time of filing | $26 | $45 | $171 | $444 | $614 | $2,662 | $0 |
| Overpayments refunded | $-1,308 | $-3,166 | $-2,393 | $-2,396 | $-2,145 | $-2,003 | $0 |
| Total Tax Liability / AGI | 4% | 3% | 5% | 8% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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