IRS Income Data for Island, KY 42350
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 27% | 26% | 17% | 8% | 7% | 0% |
| Number of returns | 81 | 151 | 144 | 94 | 47 | 37 | 0 |
| Number of joint returns | 11 | 56 | 81 | 77 | 44 | 36 | 0 |
| Number of returns from paid preparer | 56 | 115 | 107 | 70 | 34 | 33 | 0 |
| Total number of exemptions | 105 | 295 | 330 | 232 | 140 | 117 | 0 |
| Total number of dependents | 22 | 51 | 59 | 39 | 29 | 21 | 0 |
| Adjusted gross income | $4,540 | $17,283 | $35,657 | $61,615 | $83,501 | $145,474 | |
| Salaries and wages | $4,011 | $12,526 | $26,585 | $44,070 | $76,879 | $55,550 | |
| Taxable interest | $186 | $418 | $673 | $979 | $256 | $3,596 | |
| Ordinary dividends | $0 | $14 | $0 | $148 | $95 | $0 | |
| Business or professional net income | $316 | $137 | $906 | $279 | $0 | $0 | |
| Net capital gain | $146 | $0 | $36 | $112 | $0 | $318 | |
| Taxable individual retirement account distributions | $0 | $0 | $962 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $3,159 | $3,012 | $8,188 | $4,026 | $0 | |
| Unemployment compensation | $0 | $840 | $966 | $0 | $543 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,385 | $3,433 | $4,966 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $2,059 | $6,135 | $8,561 | $15,257 | |
| State and local income taxes | $0 | $0 | $360 | $1,058 | $2,777 | $4,251 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $105 | $237 | $364 | $855 | |
| Taxes paid | $0 | $0 | $514 | $1,425 | $3,335 | $6,417 | |
| Mortgage interest paid | $0 | $0 | $831 | $1,553 | $1,995 | $3,975 | |
| Contributions | $0 | $0 | $297 | $1,324 | $2,186 | $3,368 | |
| Taxable income | $0 | $4,332 | $17,867 | $39,993 | $59,435 | $103,645 | |
| Total tax credits | $0 | $49 | $398 | $466 | $985 | $648 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $37 | $295 | $393 | $809 | $601 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $630 | $951 | $330 | $0 | $0 | $0 | |
| Excess earned income credit | $559 | $901 | $247 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $406 | $1,770 | $4,879 | $7,412 | $18,565 | |
| Total tax liability | $146 | $480 | $2,068 | $5,370 | $7,876 | $22,800 | |
| Tax due at time of filing | $74 | $0 | $231 | $1,216 | $0 | $8,213 | |
| Overpayments refunded | $-898 | $-2,053 | $-1,858 | $-1,620 | $-3,443 | $-2,017 | |
| Total Tax Liability / AGI | 3% | 3% | 6% | 9% | 9% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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