IRS Income Data for Benton, KY 42025
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 24% | 23% | 16% | 9% | 7% | 1% |
| Number of returns | 1,614 | 2,035 | 2,001 | 1,355 | 801 | 635 | 91 |
| Number of joint returns | 209 | 654 | 1,088 | 1,081 | 733 | 594 | 80 |
| Number of returns from paid preparer | 934 | 1,332 | 1,413 | 968 | 574 | 476 | 84 |
| Total number of exemptions | 1,574 | 3,509 | 4,252 | 3,489 | 2,189 | 1,788 | 252 |
| Total number of dependents | 234 | 540 | 705 | 615 | 397 | 306 | 43 |
| Adjusted gross income | $3,790 | $16,898 | $36,386 | $62,108 | $86,369 | $126,569 | $376,376 |
| Salaries and wages | $4,099 | $11,332 | $25,978 | $47,458 | $67,269 | $92,745 | $156,385 |
| Taxable interest | $355 | $718 | $873 | $1,140 | $1,574 | $2,272 | $13,657 |
| Ordinary dividends | $140 | $245 | $437 | $474 | $1,057 | $2,260 | $8,272 |
| Business or professional net income | $157 | $821 | $1,128 | $1,567 | $1,923 | $4,383 | $43,293 |
| Net capital gain | $92 | $107 | $206 | $540 | $776 | $2,122 | $37,311 |
| Taxable individual retirement account distributions | $160 | $578 | $994 | $1,307 | $2,764 | $3,313 | $5,440 |
| Taxable pensions and annuities | $592 | $2,852 | $4,995 | $6,809 | $7,507 | $11,233 | $9,413 |
| Unemployment compensation | $97 | $293 | $410 | $444 | $321 | $156 | $0 |
| Taxable Social Security benefits | $0 | $91 | $1,401 | $2,649 | $3,023 | $3,428 | $4,731 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $153 | $0 | $3,008 |
| Total itemized deductions | $765 | $1,598 | $3,721 | $7,462 | $12,538 | $20,754 | $62,994 |
| State and local income taxes | $73 | $70 | $457 | $1,483 | $3,313 | $6,628 | $21,731 |
| State and local general sales tax | $8 | $26 | $55 | $41 | $53 | $42 | $0 |
| Real estate taxes | $49 | $74 | $239 | $516 | $862 | $1,443 | $2,817 |
| Taxes paid | $140 | $187 | $809 | $2,167 | $4,444 | $8,535 | $25,183 |
| Mortgage interest paid | $266 | $301 | $1,092 | $2,280 | $4,050 | $5,786 | $9,566 |
| Contributions | $32 | $208 | $487 | $1,241 | $2,149 | $4,073 | $19,912 |
| Taxable income | $289 | $4,195 | $18,378 | $39,376 | $60,325 | $94,251 | $304,729 |
| Total tax credits | $0 | $47 | $334 | $698 | $780 | $463 | $73 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $22 | $248 | $570 | $563 | $363 | $0 |
| Child and dependent care credit | $0 | $3 | $10 | $24 | $37 | $43 | $0 |
| Earned income credit | $312 | $799 | $214 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $272 | $702 | $167 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $160 | $2,996 |
| Income tax | $26 | $400 | $1,846 | $4,625 | $7,739 | $15,877 | $78,978 |
| Total tax liability | $120 | $580 | $2,130 | $5,031 | $8,237 | $16,743 | $82,592 |
| Tax due at time of filing | $36 | $77 | $233 | $461 | $550 | $1,612 | $14,798 |
| Overpayments refunded | $-652 | $-1,718 | $-1,924 | $-2,159 | $-2,660 | $-2,439 | $-6,256 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 10% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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