IRS Income Data for Louisville, MS 39339
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 33% | 25% | 10% | 5% | 4% | 1% |
| Number of returns | 1,379 | 2,173 | 1,621 | 670 | 358 | 242 | 68 |
| Number of joint returns | 120 | 356 | 542 | 467 | 308 | 208 | 56 |
| Number of returns from paid preparer | 909 | 1,688 | 1,201 | 520 | 281 | 204 | 63 |
| Total number of exemptions | 1,787 | 4,597 | 3,566 | 1,693 | 971 | 689 | 183 |
| Total number of dependents | 456 | 1,324 | 854 | 323 | 179 | 120 | 31 |
| Adjusted gross income | $4,225 | $17,062 | $35,122 | $61,142 | $86,386 | $128,988 | $649,169 |
| Salaries and wages | $4,583 | $14,999 | $29,590 | $48,445 | $61,751 | $87,955 | $277,179 |
| Taxable interest | $221 | $386 | $613 | $1,307 | $1,970 | $5,257 | $16,431 |
| Ordinary dividends | $109 | $128 | $257 | $556 | $968 | $2,586 | $12,375 |
| Business or professional net income | $4 | $171 | $585 | $777 | $1,907 | $7,869 | $10,181 |
| Net capital gain | $47 | $33 | $281 | $353 | $2,671 | $5,538 | $216,062 |
| Taxable individual retirement account distributions | $99 | $318 | $533 | $1,068 | $2,595 | $4,796 | $0 |
| Taxable pensions and annuities | $356 | $1,527 | $3,103 | $6,652 | $9,862 | $11,657 | $2,938 |
| Unemployment compensation | $85 | $200 | $105 | $176 | $131 | $0 | $0 |
| Taxable Social Security benefits | $0 | $48 | $1,001 | $2,995 | $4,107 | $4,186 | $4,245 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $972 | $0 |
| Total itemized deductions | $288 | $642 | $3,139 | $6,955 | $10,798 | $20,263 | $76,649 |
| State and local income taxes | $21 | $25 | $196 | $652 | $1,412 | $3,639 | $22,042 |
| State and local general sales tax | $4 | $19 | $58 | $115 | $123 | $139 | $0 |
| Real estate taxes | $10 | $18 | $85 | $223 | $387 | $907 | $2,273 |
| Taxes paid | $43 | $69 | $375 | $1,066 | $2,039 | $4,893 | $24,728 |
| Mortgage interest paid | $90 | $136 | $641 | $1,564 | $2,079 | $4,358 | $6,519 |
| Contributions | $17 | $117 | $645 | $1,519 | $2,409 | $5,089 | $21,758 |
| Taxable income | $157 | $3,290 | $17,628 | $39,032 | $60,748 | $95,628 | $564,393 |
| Total tax credits | $0 | $96 | $460 | $695 | $713 | $612 | $3,108 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $60 | $355 | $525 | $549 | $406 | $0 |
| Child and dependent care credit | $0 | $5 | $23 | $40 | $48 | $63 | $0 |
| Earned income credit | $732 | $1,879 | $389 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $699 | $1,804 | $324 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $40 | $0 | $176 | $2,918 |
| Income tax | $15 | $250 | $1,654 | $4,696 | $7,937 | $16,089 | $127,913 |
| Total tax liability | $86 | $356 | $1,850 | $4,970 | $8,412 | $17,572 | $131,787 |
| Tax due at time of filing | $34 | $47 | $193 | $427 | $1,269 | $2,251 | $16,241 |
| Overpayments refunded | $-1,160 | $-3,181 | $-2,275 | $-1,961 | $-1,972 | $-2,235 | $-10,976 |
| Total Tax Liability / AGI | 2% | 2% | 5% | 8% | 10% | 14% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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