IRS Income Data for Bedford, KY 40006
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 24% | 29% | 15% | 9% | 5% | 0% |
| Number of returns | 393 | 524 | 628 | 332 | 197 | 114 | 0 |
| Number of joint returns | 68 | 149 | 295 | 256 | 175 | 114 | 0 |
| Number of returns from paid preparer | 242 | 382 | 474 | 257 | 142 | 88 | 0 |
| Total number of exemptions | 479 | 993 | 1,362 | 883 | 568 | 337 | 0 |
| Total number of dependents | 74 | 201 | 257 | 164 | 107 | 58 | 0 |
| Adjusted gross income | $3,717 | $17,381 | $36,688 | $61,473 | $85,239 | $130,973 | |
| Salaries and wages | $4,463 | $14,409 | $31,295 | $51,447 | $76,511 | $100,604 | |
| Taxable interest | $294 | $584 | $503 | $1,049 | $835 | $1,211 | |
| Ordinary dividends | $54 | $112 | $76 | $248 | $106 | $1,290 | |
| Business or professional net income | $-296 | $699 | $599 | $665 | $750 | $1,310 | |
| Net capital gain | $231 | $123 | $134 | $568 | $220 | $1,329 | |
| Taxable individual retirement account distributions | $139 | $278 | $377 | $994 | $761 | $1,317 | |
| Taxable pensions and annuities | $634 | $1,798 | $3,923 | $6,284 | $5,597 | $13,795 | |
| Unemployment compensation | $0 | $470 | $544 | $684 | $655 | $0 | |
| Taxable Social Security benefits | $0 | $51 | $872 | $2,083 | $1,644 | $1,604 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $666 | $1,132 | $4,218 | $7,012 | $11,901 | $17,632 | |
| State and local income taxes | $31 | $56 | $510 | $1,364 | $3,340 | $5,994 | |
| State and local general sales tax | $0 | $28 | $26 | $0 | $0 | $0 | |
| Real estate taxes | $58 | $68 | $215 | $413 | $731 | $996 | |
| Taxes paid | $131 | $158 | $805 | $1,949 | $4,501 | $7,322 | |
| Mortgage interest paid | $268 | $295 | $1,451 | $2,609 | $5,059 | $5,829 | |
| Contributions | $0 | $173 | $463 | $1,110 | $1,409 | $2,553 | |
| Taxable income | $136 | $4,425 | $18,448 | $38,986 | $59,728 | $100,647 | |
| Total tax credits | $0 | $83 | $391 | $775 | $1,148 | $637 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $40 | $290 | $666 | $759 | $461 | |
| Child and dependent care credit | $0 | $0 | $27 | $15 | $35 | $74 | |
| Earned income credit | $426 | $1,129 | $230 | $0 | $0 | $0 | |
| Excess earned income credit | $395 | $1,055 | $175 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $13 | $392 | $1,860 | $4,497 | $7,554 | $16,937 | |
| Total tax liability | $93 | $528 | $2,025 | $4,671 | $7,793 | $17,583 | |
| Tax due at time of filing | $15 | $50 | $133 | $382 | $255 | $1,019 | |
| Overpayments refunded | $-849 | $-2,409 | $-2,469 | $-2,678 | $-3,160 | $-2,551 | |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 9% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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