IRS Income Data for New Castle, KY 40050
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 26% | 28% | 15% | 6% | 5% | 2% |
| Number of returns | 133 | 186 | 197 | 103 | 45 | 35 | 11 |
| Number of joint returns | 19 | 49 | 89 | 73 | 37 | 33 | 10 |
| Number of returns from paid preparer | 100 | 139 | 157 | 76 | 35 | 31 | 11 |
| Total number of exemptions | 174 | 367 | 426 | 247 | 113 | 103 | 34 |
| Total number of dependents | 33 | 77 | 84 | 40 | 18 | 25 | 0 |
| Adjusted gross income | $3,983 | $17,513 | $36,758 | $60,665 | $86,664 | $132,312 | $327,327 |
| Salaries and wages | $4,130 | $13,221 | $27,375 | $42,977 | $65,878 | $115,050 | $0 |
| Taxable interest | $371 | $710 | $929 | $1,693 | $5,583 | $3,724 | $0 |
| Ordinary dividends | $46 | $149 | $168 | $355 | $3,686 | $2,103 | $0 |
| Business or professional net income | $531 | $1,192 | $1,174 | $1,065 | $0 | $3,351 | $0 |
| Net capital gain | $53 | $47 | $891 | $267 | $0 | $21,706 | $0 |
| Taxable individual retirement account distributions | $0 | $579 | $332 | $1,546 | $0 | $0 | $0 |
| Taxable pensions and annuities | $649 | $1,873 | $5,171 | $9,039 | $7,976 | $17,725 | $0 |
| Unemployment compensation | $0 | $319 | $309 | $426 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,051 | $3,235 | $6,636 | $0 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $950 | $2,609 | $4,768 | $10,120 | $16,406 | $0 |
| State and local income taxes | $0 | $69 | $383 | $855 | $2,868 | $5,024 | $12,871 |
| State and local general sales tax | $0 | $0 | $43 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $109 | $174 | $396 | $742 | $1,169 | $3,116 |
| Taxes paid | $0 | $226 | $615 | $1,424 | $3,779 | $6,567 | $16,468 |
| Mortgage interest paid | $0 | $895 | $867 | $1,653 | $3,127 | $8,581 | $0 |
| Contributions | $83 | $0 | $389 | $1,073 | $2,035 | $2,795 | $0 |
| Taxable income | $147 | $4,232 | $19,446 | $40,418 | $62,914 | $102,047 | $255,892 |
| Total tax credits | $0 | $103 | $491 | $684 | $692 | $604 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $60 | $343 | $580 | $578 | $413 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $92 | $0 | $0 | $0 |
| Earned income credit | $471 | $1,275 | $235 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $393 | $1,152 | $182 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $0 | $338 | $1,835 | $4,808 | $8,427 | $16,646 | $49,781 |
| Total tax liability | $154 | $541 | $2,070 | $5,186 | $8,610 | $17,694 | $53,631 |
| Tax due at time of filing | $0 | $33 | $164 | $300 | $0 | $4,849 | $0 |
| Overpayments refunded | $-890 | $-2,555 | $-2,067 | $-1,693 | $-2,744 | $-2,703 | $0 |
| Total Tax Liability / AGI | 4% | 3% | 6% | 9% | 10% | 13% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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