IRS Income Data for West Point, MS 39773
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 32% | 24% | 10% | 5% | 4% | 1% |
| Number of returns | 1,669 | 2,223 | 1,632 | 677 | 347 | 280 | 103 |
| Number of joint returns | 129 | 296 | 492 | 453 | 305 | 258 | 90 |
| Number of returns from paid preparer | 960 | 1,558 | 1,142 | 470 | 236 | 215 | 93 |
| Total number of exemptions | 2,297 | 4,596 | 3,596 | 1,684 | 924 | 767 | 279 |
| Total number of dependents | 573 | 1,333 | 894 | 328 | 157 | 129 | 44 |
| Adjusted gross income | $4,125 | $16,778 | $35,208 | $61,108 | $86,980 | $130,518 | $585,008 |
| Salaries and wages | $4,331 | $14,075 | $29,222 | $47,372 | $65,517 | $85,170 | $193,958 |
| Taxable interest | $163 | $216 | $566 | $1,079 | $1,673 | $3,655 | $15,484 |
| Ordinary dividends | $131 | $92 | $333 | $733 | $1,256 | $3,763 | $36,599 |
| Business or professional net income | $-390 | $358 | $393 | $1,446 | $2,084 | $7,801 | $42,291 |
| Net capital gain | $-0 | $14 | $26 | $380 | $911 | $3,215 | $207,074 |
| Taxable individual retirement account distributions | $52 | $216 | $392 | $1,119 | $2,025 | $3,324 | $6,383 |
| Taxable pensions and annuities | $439 | $1,624 | $3,357 | $6,632 | $9,335 | $12,526 | $10,857 |
| Unemployment compensation | $148 | $335 | $168 | $145 | $148 | $0 | $0 |
| Taxable Social Security benefits | $0 | $52 | $920 | $2,811 | $3,594 | $4,352 | $5,190 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $658 | $2,915 |
| Total itemized deductions | $588 | $935 | $3,522 | $7,547 | $12,124 | $19,502 | $52,239 |
| State and local income taxes | $56 | $23 | $241 | $769 | $1,705 | $3,740 | $20,065 |
| State and local general sales tax | $6 | $24 | $83 | $117 | $99 | $222 | $0 |
| Real estate taxes | $35 | $37 | $162 | $445 | $747 | $1,607 | $4,079 |
| Taxes paid | $103 | $102 | $573 | $1,498 | $2,782 | $5,895 | $24,978 |
| Mortgage interest paid | $126 | $194 | $776 | $2,005 | $2,949 | $5,178 | $9,101 |
| Contributions | $18 | $183 | $729 | $1,802 | $2,680 | $5,822 | $14,065 |
| Taxable income | $146 | $3,322 | $17,665 | $38,861 | $60,819 | $98,790 | $524,484 |
| Total tax credits | $0 | $90 | $507 | $627 | $766 | $446 | $397 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $64 | $382 | $495 | $519 | $337 | $0 |
| Child and dependent care credit | $0 | $6 | $34 | $47 | $67 | $68 | $0 |
| Earned income credit | $800 | $1,899 | $397 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $770 | $1,822 | $338 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,218 |
| Income tax | $12 | $259 | $1,625 | $4,661 | $7,918 | $16,700 | $117,949 |
| Total tax liability | $85 | $360 | $1,798 | $5,047 | $8,526 | $18,612 | $122,295 |
| Tax due at time of filing | $21 | $40 | $170 | $450 | $555 | $2,444 | $31,509 |
| Overpayments refunded | $-1,638 | $-3,168 | $-2,327 | $-2,077 | $-2,009 | $-1,824 | $-2,972 |
| Total Tax Liability / AGI | 2% | 2% | 5% | 8% | 10% | 14% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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