IRS Income Data for Morristown, IN 46161
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 19% | 25% | 14% | 12% | 7% | 1% |
| Number of returns | 263 | 244 | 318 | 182 | 145 | 88 | 16 |
| Number of joint returns | 16 | 63 | 113 | 134 | 135 | 83 | 13 |
| Number of returns from paid preparer | 129 | 128 | 177 | 115 | 88 | 63 | 13 |
| Total number of exemptions | 237 | 373 | 611 | 470 | 434 | 252 | 46 |
| Total number of dependents | 39 | 50 | 109 | 83 | 79 | 44 | 10 |
| Adjusted gross income | $3,803 | $17,004 | $36,674 | $62,319 | $85,824 | $130,088 | $409,540 |
| Salaries and wages | $3,390 | $11,440 | $28,888 | $51,552 | $67,682 | $102,425 | $179,258 |
| Taxable interest | $298 | $435 | $832 | $703 | $785 | $1,134 | $8,347 |
| Ordinary dividends | $93 | $123 | $206 | $79 | $351 | $6,273 | $0 |
| Business or professional net income | $-34 | $984 | $872 | $736 | $2,549 | $210 | $0 |
| Net capital gain | $-27 | $314 | $-32 | $668 | $527 | $4,665 | $0 |
| Taxable individual retirement account distributions | $0 | $959 | $663 | $766 | $3,033 | $0 | $0 |
| Taxable pensions and annuities | $406 | $2,543 | $3,189 | $4,248 | $6,521 | $10,863 | $0 |
| Unemployment compensation | $180 | $501 | $603 | $417 | $431 | $0 | $0 |
| Taxable Social Security benefits | $0 | $131 | $1,193 | $2,923 | $2,883 | $2,114 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,528 | $2,683 | $6,789 | $10,966 | $17,390 | $49,426 |
| State and local income taxes | $0 | $53 | $337 | $1,069 | $2,263 | $4,662 | $17,322 |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $89 | $226 | $490 | $895 | $1,504 | $1,965 |
| Taxes paid | $0 | $178 | $594 | $1,672 | $3,329 | $6,478 | $21,359 |
| Mortgage interest paid | $0 | $373 | $1,216 | $3,176 | $5,057 | $7,602 | $0 |
| Contributions | $0 | $154 | $219 | $898 | $1,050 | $2,083 | $5,268 |
| Taxable income | $140 | $5,040 | $20,721 | $40,170 | $59,633 | $100,099 | $350,815 |
| Total tax credits | $0 | $54 | $396 | $676 | $1,096 | $497 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $24 | $272 | $562 | $735 | $330 | $0 |
| Child and dependent care credit | $0 | $0 | $18 | $0 | $0 | $0 | $0 |
| Earned income credit | $327 | $633 | $173 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $299 | $562 | $143 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $14 | $498 | $2,201 | $4,869 | $7,369 | $17,008 | $80,631 |
| Total tax liability | $65 | $693 | $2,453 | $5,098 | $7,894 | $17,610 | $82,065 |
| Tax due at time of filing | $13 | $58 | $232 | $338 | $602 | $3,012 | $0 |
| Overpayments refunded | $-616 | $-1,700 | $-2,074 | $-2,313 | $-2,932 | $-3,606 | $0 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 8% | 9% | 14% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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