IRS Income Data for Banner, KY 41603
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 26% | 26% | 12% | 7% | 8% | 0% |
| Number of returns | 100 | 127 | 127 | 60 | 36 | 40 | 0 |
| Number of joint returns | 16 | 44 | 68 | 45 | 34 | 40 | 0 |
| Number of returns from paid preparer | 70 | 92 | 93 | 45 | 21 | 30 | 0 |
| Total number of exemptions | 130 | 264 | 305 | 160 | 105 | 111 | 0 |
| Total number of dependents | 24 | 56 | 67 | 34 | 20 | 19 | 0 |
| Adjusted gross income | $4,449 | $17,146 | $36,284 | $61,170 | $84,902 | $121,819 | |
| Salaries and wages | $4,445 | $13,214 | $29,206 | $56,334 | $75,387 | $101,811 | |
| Taxable interest | $136 | $433 | $506 | $180 | $203 | $596 | |
| Ordinary dividends | $0 | $16 | $0 | $0 | $103 | $0 | |
| Business or professional net income | $652 | $1,694 | $1,505 | $545 | $996 | $0 | |
| Net capital gain | $0 | $0 | $218 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $385 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,630 | $2,657 | $0 | $7,685 | $0 | |
| Unemployment compensation | $0 | $0 | $271 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,181 | $2,768 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $3,301 | $5,658 | $10,146 | $18,175 | |
| State and local income taxes | $0 | $0 | $310 | $1,085 | $2,725 | $5,676 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $165 | $374 | $836 | $1,416 | |
| Taxes paid | $0 | $0 | $572 | $1,557 | $3,791 | $7,477 | |
| Mortgage interest paid | $0 | $0 | $1,231 | $2,415 | $4,320 | $6,036 | |
| Contributions | $0 | $0 | $151 | $523 | $300 | $2,786 | |
| Taxable income | $0 | $3,954 | $17,358 | $39,418 | $59,158 | $91,916 | |
| Total tax credits | $0 | $54 | $404 | $751 | $1,052 | $456 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $38 | $335 | $698 | $833 | $359 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $85 | $0 | |
| Earned income credit | $627 | $1,409 | $390 | $0 | $0 | $0 | |
| Excess earned income credit | $545 | $1,230 | $313 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $389 | $1,663 | $4,667 | $7,261 | $15,027 | |
| Total tax liability | $110 | $678 | $2,061 | $4,980 | $7,607 | $15,825 | |
| Tax due at time of filing | $0 | $0 | $320 | $0 | $550 | $0 | |
| Overpayments refunded | $-965 | $-2,430 | $-2,570 | $-2,523 | $-3,676 | $-2,629 | |
| Total Tax Liability / AGI | 2% | 4% | 6% | 8% | 9% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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