IRS Income Data for Lovely, KY 41231
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 27% | 23% | 13% | 9% | 6% | 0% |
| Number of returns | 87 | 101 | 86 | 50 | 36 | 21 | 0 |
| Number of joint returns | 21 | 37 | 47 | 37 | 34 | 21 | 0 |
| Number of returns from paid preparer | 47 | 57 | 64 | 36 | 20 | 17 | 0 |
| Total number of exemptions | 129 | 198 | 207 | 146 | 118 | 63 | 0 |
| Total number of dependents | 29 | 34 | 37 | 32 | 26 | 13 | 0 |
| Adjusted gross income | $4,141 | $16,334 | $38,065 | $62,616 | $85,846 | $116,044 | |
| Salaries and wages | $3,780 | $12,883 | $31,817 | $57,239 | $77,977 | $105,060 | |
| Taxable interest | $0 | $237 | $573 | $189 | $663 | $2,259 | |
| Ordinary dividends | $0 | $0 | $0 | $0 | $51 | $0 | |
| Business or professional net income | $672 | $0 | $423 | $0 | $0 | $0 | |
| Net capital gain | $0 | $0 | $-19 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,583 | $2,753 | $0 | $4,531 | $0 | |
| Unemployment compensation | $0 | $0 | $661 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,877 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $0 | $7,775 | $0 | $9,478 | |
| State and local income taxes | $0 | $0 | $0 | $1,637 | $0 | $4,094 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $0 | $0 | $0 | $668 | |
| Taxes paid | $0 | $0 | $0 | $2,022 | $0 | $4,941 | |
| Mortgage interest paid | $0 | $0 | $0 | $1,376 | $0 | $4,551 | |
| Contributions | $0 | $0 | $218 | $0 | $0 | $0 | |
| Taxable income | $0 | $3,799 | $20,349 | $41,478 | $62,139 | $86,147 | |
| Total tax credits | $0 | $0 | $484 | $841 | $1,213 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $425 | $823 | $1,140 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $678 | $1,171 | $224 | $0 | $0 | $0 | |
| Excess earned income credit | $630 | $1,137 | $189 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $390 | $2,056 | $5,029 | $7,954 | $13,869 | |
| Total tax liability | $77 | $438 | $2,289 | $5,213 | $8,043 | $13,930 | |
| Tax due at time of filing | $0 | $43 | $149 | $366 | $0 | $0 | |
| Overpayments refunded | $-957 | $-2,241 | $-2,392 | $-2,562 | $-2,554 | $-3,307 | |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 12% |
All numbers in the table are 2010 averages for that income class and zip code.
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