IRS Income Data for Hazard, KY 41701
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 24% | 22% | 13% | 8% | 7% | 2% |
| Number of returns | 987 | 1,019 | 913 | 556 | 342 | 272 | 88 |
| Number of joint returns | 142 | 274 | 412 | 386 | 296 | 245 | 79 |
| Number of returns from paid preparer | 623 | 720 | 628 | 426 | 255 | 221 | 81 |
| Total number of exemptions | 1,281 | 1,868 | 1,983 | 1,431 | 983 | 819 | 264 |
| Total number of dependents | 259 | 399 | 406 | 282 | 196 | 154 | 46 |
| Adjusted gross income | $4,680 | $17,100 | $36,250 | $62,505 | $85,958 | $127,596 | $574,643 |
| Salaries and wages | $4,067 | $13,713 | $29,355 | $51,623 | $71,282 | $106,944 | $273,773 |
| Taxable interest | $140 | $385 | $692 | $1,205 | $1,666 | $2,284 | $13,971 |
| Ordinary dividends | $37 | $112 | $107 | $341 | $440 | $1,255 | $8,037 |
| Business or professional net income | $530 | $679 | $636 | $1,251 | $1,952 | $3,348 | $43,718 |
| Net capital gain | $-25 | $41 | $103 | $93 | $583 | $1,034 | $85,430 |
| Taxable individual retirement account distributions | $0 | $306 | $384 | $362 | $869 | $2,251 | $0 |
| Taxable pensions and annuities | $295 | $1,621 | $3,497 | $4,780 | $5,291 | $5,384 | $2,787 |
| Unemployment compensation | $62 | $185 | $241 | $199 | $113 | $154 | $0 |
| Taxable Social Security benefits | $0 | $61 | $1,034 | $1,898 | $2,496 | $2,604 | $4,039 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $92 | $499 | $2,078 | $3,666 | $8,334 | $17,727 | $60,433 |
| State and local income taxes | $0 | $37 | $276 | $747 | $2,287 | $5,942 | $36,263 |
| State and local general sales tax | $0 | $11 | $13 | $28 | $0 | $0 | $0 |
| Real estate taxes | $0 | $33 | $115 | $206 | $545 | $1,080 | $4,686 |
| Taxes paid | $20 | $69 | $432 | $1,030 | $3,026 | $7,409 | $42,202 |
| Mortgage interest paid | $0 | $120 | $751 | $1,277 | $3,146 | $5,759 | $8,936 |
| Contributions | $0 | $67 | $233 | $485 | $1,393 | $2,549 | $10,042 |
| Taxable income | $166 | $4,398 | $19,292 | $42,151 | $61,835 | $96,482 | $505,775 |
| Total tax credits | $0 | $70 | $398 | $728 | $929 | $562 | $620 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $35 | $317 | $598 | $752 | $446 | $0 |
| Child and dependent care credit | $0 | $0 | $11 | $27 | $47 | $64 | $0 |
| Earned income credit | $572 | $1,085 | $271 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $513 | $972 | $222 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,776 |
| Income tax | $19 | $401 | $1,983 | $5,250 | $8,032 | $16,657 | $129,688 |
| Total tax liability | $110 | $545 | $2,143 | $5,512 | $8,413 | $17,295 | $133,602 |
| Tax due at time of filing | $32 | $40 | $175 | $402 | $406 | $1,243 | $7,915 |
| Overpayments refunded | $-922 | $-2,233 | $-2,187 | $-2,412 | $-2,672 | $-3,572 | $-3,250 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 9% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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