IRS Income Data for Cave City, KY 42127
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 30% | 24% | 14% | 4% | 3% | 1% |
| Number of returns | 615 | 760 | 616 | 352 | 104 | 75 | 14 |
| Number of joint returns | 125 | 277 | 337 | 311 | 97 | 71 | 12 |
| Number of returns from paid preparer | 465 | 630 | 505 | 291 | 90 | 65 | 12 |
| Total number of exemptions | 798 | 1,538 | 1,376 | 955 | 288 | 235 | 40 |
| Total number of dependents | 139 | 303 | 249 | 176 | 49 | 54 | 0 |
| Adjusted gross income | $3,499 | $17,029 | $35,334 | $61,324 | $85,951 | $129,424 | $624,792 |
| Salaries and wages | $4,124 | $13,400 | $28,779 | $50,416 | $67,954 | $80,989 | $171,108 |
| Taxable interest | $332 | $588 | $775 | $1,262 | $3,074 | $2,908 | $0 |
| Ordinary dividends | $48 | $96 | $294 | $497 | $951 | $2,578 | $0 |
| Business or professional net income | $-184 | $953 | $413 | $864 | $1,814 | $9,195 | $0 |
| Net capital gain | $400 | $435 | $449 | $994 | $1,048 | $10,870 | $0 |
| Taxable individual retirement account distributions | $100 | $594 | $1,086 | $773 | $1,457 | $5,592 | $0 |
| Taxable pensions and annuities | $454 | $1,546 | $3,132 | $4,812 | $8,706 | $16,063 | $0 |
| Unemployment compensation | $70 | $284 | $357 | $372 | $324 | $0 | $0 |
| Taxable Social Security benefits | $0 | $57 | $941 | $2,248 | $1,973 | $3,989 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $701 | $1,151 | $2,775 | $5,843 | $8,692 | $18,422 | $47,812 |
| State and local income taxes | $0 | $74 | $463 | $1,275 | $2,796 | $6,547 | $25,624 |
| State and local general sales tax | $0 | $13 | $15 | $0 | $0 | $0 | $0 |
| Real estate taxes | $55 | $42 | $141 | $304 | $521 | $1,061 | $2,278 |
| Taxes paid | $90 | $137 | $657 | $1,686 | $3,535 | $7,963 | $28,285 |
| Mortgage interest paid | $108 | $208 | $857 | $1,894 | $2,589 | $7,284 | $0 |
| Contributions | $0 | $127 | $346 | $694 | $1,912 | $3,980 | $10,699 |
| Taxable income | $183 | $3,885 | $17,500 | $38,844 | $62,155 | $98,178 | $542,525 |
| Total tax credits | $0 | $56 | $398 | $785 | $920 | $829 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $27 | $263 | $583 | $663 | $585 | $0 |
| Child and dependent care credit | $0 | $0 | $23 | $45 | $75 | $0 | $0 |
| Earned income credit | $525 | $1,301 | $304 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $444 | $1,123 | $254 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $17 | $364 | $1,654 | $4,255 | $7,787 | $15,698 | $140,575 |
| Total tax liability | $164 | $566 | $1,782 | $4,572 | $8,384 | $17,796 | $141,063 |
| Tax due at time of filing | $51 | $44 | $111 | $377 | $374 | $3,572 | $22,075 |
| Overpayments refunded | $-873 | $-2,360 | $-2,299 | $-2,404 | $-2,842 | $-3,302 | $0 |
| Total Tax Liability / AGI | 5% | 3% | 5% | 7% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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