IRS Income Data for Bay Springs, MS 39422
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 33% | 25% | 11% | 5% | 5% | 1% |
| Number of returns | 477 | 792 | 603 | 266 | 132 | 126 | 35 |
| Number of joint returns | 63 | 113 | 186 | 171 | 114 | 108 | 32 |
| Number of returns from paid preparer | 336 | 639 | 448 | 205 | 100 | 105 | 32 |
| Total number of exemptions | 686 | 1,667 | 1,406 | 672 | 372 | 327 | 88 |
| Total number of dependents | 179 | 475 | 352 | 136 | 70 | 51 | 10 |
| Adjusted gross income | $3,606 | $17,301 | $35,387 | $61,664 | $85,834 | $126,072 | $461,448 |
| Salaries and wages | $4,326 | $14,660 | $30,939 | $49,361 | $70,453 | $97,620 | $186,439 |
| Taxable interest | $385 | $370 | $545 | $927 | $1,933 | $2,048 | $11,169 |
| Ordinary dividends | $108 | $35 | $111 | $403 | $386 | $1,554 | $19,217 |
| Business or professional net income | $88 | $1,019 | $374 | $1,266 | $3,963 | $1,918 | $51,895 |
| Net capital gain | $19 | $60 | $203 | $549 | $349 | $4,529 | $47,948 |
| Taxable individual retirement account distributions | $0 | $231 | $311 | $1,049 | $294 | $2,423 | $0 |
| Taxable pensions and annuities | $389 | $1,019 | $2,232 | $5,188 | $5,313 | $4,662 | $0 |
| Unemployment compensation | $96 | $172 | $150 | $86 | $637 | $0 | $0 |
| Taxable Social Security benefits | $0 | $66 | $694 | $2,976 | $3,085 | $6,663 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $481 | $700 | $3,199 | $8,079 | $10,708 | $21,384 | $61,154 |
| State and local income taxes | $0 | $25 | $238 | $845 | $1,307 | $4,114 | $16,341 |
| State and local general sales tax | $0 | $29 | $60 | $105 | $255 | $0 | $0 |
| Real estate taxes | $0 | $20 | $92 | $284 | $371 | $905 | $3,337 |
| Taxes paid | $39 | $78 | $467 | $1,370 | $2,019 | $5,419 | $20,377 |
| Mortgage interest paid | $0 | $143 | $460 | $1,539 | $1,520 | $2,550 | $4,871 |
| Contributions | $0 | $118 | $720 | $1,423 | $1,990 | $4,643 | $26,957 |
| Taxable income | $155 | $3,675 | $17,466 | $39,101 | $59,254 | $93,173 | $392,119 |
| Total tax credits | $0 | $109 | $591 | $741 | $883 | $472 | $5,068 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $57 | $402 | $559 | $725 | $323 | $0 |
| Child and dependent care credit | $0 | $0 | $71 | $35 | $48 | $0 | $0 |
| Earned income credit | $859 | $1,940 | $440 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $776 | $1,813 | $382 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $420 | $3,644 |
| Income tax | $19 | $289 | $1,509 | $4,653 | $7,785 | $15,922 | $87,260 |
| Total tax liability | $149 | $483 | $1,626 | $5,010 | $8,399 | $16,708 | $91,297 |
| Tax due at time of filing | $31 | $87 | $156 | $388 | $771 | $1,940 | $9,051 |
| Overpayments refunded | $-1,255 | $-3,216 | $-2,701 | $-2,548 | $-2,706 | $-3,064 | $0 |
| Total Tax Liability / AGI | 4% | 3% | 5% | 8% | 10% | 13% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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