IRS Income Data for Cannon, KY 40923
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 27% | 33% | 23% | 11% | 7% | 0% | 0% |
| Number of returns | 80 | 98 | 68 | 32 | 21 | 0 | 0 |
| Number of joint returns | 26 | 45 | 40 | 23 | 21 | 0 | 0 |
| Number of returns from paid preparer | 60 | 82 | 48 | 29 | 20 | 0 | 0 |
| Total number of exemptions | 154 | 237 | 169 | 90 | 75 | 0 | 0 |
| Total number of dependents | 36 | 54 | 33 | 18 | 18 | 0 | 0 |
| Adjusted gross income | $5,570 | $16,833 | $36,082 | $61,387 | $94,660 | ||
| Salaries and wages | $4,053 | $12,711 | $30,884 | $49,537 | $82,952 | ||
| Taxable interest | $0 | $50 | $75 | $404 | $0 | ||
| Ordinary dividends | $0 | $0 | $24 | $0 | $0 | ||
| Business or professional net income | $1,681 | $2,658 | $1,293 | $0 | $0 | ||
| Net capital gain | $0 | $0 | $136 | $0 | $0 | ||
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | ||
| Taxable pensions and annuities | $0 | $2,412 | $0 | $0 | $0 | ||
| Unemployment compensation | $0 | $0 | $779 | $0 | $0 | ||
| Taxable Social Security benefits | $0 | $0 | $1,952 | $0 | $0 | ||
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | ||
| Total itemized deductions | $0 | $0 | $2,880 | $4,822 | $11,695 | ||
| State and local income taxes | $0 | $0 | $405 | $1,051 | $3,746 | ||
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | ||
| Real estate taxes | $0 | $97 | $0 | $0 | $555 | ||
| Taxes paid | $0 | $0 | $655 | $1,398 | $4,690 | ||
| Mortgage interest paid | $0 | $0 | $1,636 | $0 | $3,928 | ||
| Contributions | $0 | $0 | $328 | $0 | $0 | ||
| Taxable income | $0 | $2,693 | $17,286 | $39,784 | $57,579 | ||
| Total tax credits | $0 | $37 | $459 | $927 | $1,024 | ||
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | ||
| Child tax credit | $0 | $0 | $418 | $849 | $0 | ||
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | ||
| Earned income credit | $1,196 | $2,007 | $450 | $0 | $0 | ||
| Excess earned income credit | $960 | $1,601 | $393 | $0 | $0 | ||
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | ||
| Income tax | $0 | $250 | $1,585 | $4,550 | $7,051 | ||
| Total tax liability | $281 | $696 | $1,761 | $4,620 | $7,208 | ||
| Tax due at time of filing | $0 | $106 | $0 | $0 | $0 | ||
| Overpayments refunded | $-1,398 | $-2,991 | $-2,387 | $-2,695 | $-2,575 | ||
| Total Tax Liability / AGI | 5% | 4% | 5% | 8% | 8% |
All numbers in the table are 2010 averages for that income class and zip code.
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