IRS Income Data for Grand Rivers, KY 42045
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 23% | 27% | 15% | 10% | 6% | 0% |
| Number of returns | 185 | 220 | 256 | 144 | 97 | 57 | 0 |
| Number of joint returns | 40 | 64 | 133 | 110 | 86 | 52 | 0 |
| Number of returns from paid preparer | 96 | 137 | 165 | 94 | 74 | 42 | 0 |
| Total number of exemptions | 222 | 390 | 502 | 363 | 254 | 150 | 0 |
| Total number of dependents | 31 | 67 | 73 | 60 | 41 | 21 | 0 |
| Adjusted gross income | $4,411 | $16,472 | $36,244 | $62,833 | $86,441 | $157,256 | |
| Salaries and wages | $5,054 | $11,709 | $25,224 | $50,202 | $70,435 | $87,575 | |
| Taxable interest | $330 | $579 | $893 | $885 | $1,005 | $1,526 | |
| Ordinary dividends | $43 | $49 | $358 | $417 | $352 | $1,001 | |
| Business or professional net income | $190 | $982 | $944 | $2,019 | $-56 | $0 | |
| Net capital gain | $122 | $21 | $-47 | $31 | $72 | $16,291 | |
| Taxable individual retirement account distributions | $0 | $254 | $1,089 | $818 | $2,213 | $0 | |
| Taxable pensions and annuities | $425 | $2,310 | $5,830 | $5,941 | $8,976 | $9,292 | |
| Unemployment compensation | $0 | $516 | $445 | $512 | $653 | $0 | |
| Taxable Social Security benefits | $0 | $50 | $1,622 | $2,502 | $2,684 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,128 | $4,034 | $7,567 | $9,875 | $21,331 | |
| State and local income taxes | $0 | $103 | $439 | $1,737 | $2,941 | $7,226 | |
| State and local general sales tax | $0 | $0 | $56 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $98 | $216 | $378 | $537 | $1,404 | |
| Taxes paid | $0 | $262 | $829 | $2,396 | $3,653 | $9,032 | |
| Mortgage interest paid | $0 | $452 | $996 | $2,054 | $3,555 | $4,942 | |
| Contributions | $0 | $215 | $453 | $1,259 | $1,978 | $3,756 | |
| Taxable income | $166 | $4,271 | $18,931 | $41,081 | $62,564 | $122,629 | |
| Total tax credits | $0 | $46 | $250 | $625 | $742 | $379 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $24 | $196 | $550 | $577 | $334 | |
| Child and dependent care credit | $0 | $0 | $0 | $48 | $0 | $0 | |
| Earned income credit | $321 | $994 | $137 | $0 | $0 | $0 | |
| Excess earned income credit | $285 | $903 | $111 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $17 | $407 | $2,046 | $5,070 | $8,404 | $21,124 | |
| Total tax liability | $93 | $579 | $2,273 | $5,562 | $8,504 | $22,002 | |
| Tax due at time of filing | $0 | $96 | $234 | $558 | $522 | $1,340 | |
| Overpayments refunded | $-812 | $-1,924 | $-1,639 | $-1,981 | $-2,612 | $-2,806 | |
| Total Tax Liability / AGI | 2% | 4% | 6% | 9% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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