IRS Income Data for Wabash, IN 46992
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 22% | 25% | 16% | 7% | 5% | 1% |
| Number of returns | 1,883 | 1,781 | 1,962 | 1,263 | 596 | 422 | 89 |
| Number of joint returns | 243 | 498 | 839 | 995 | 539 | 386 | 77 |
| Number of returns from paid preparer | 1,179 | 1,195 | 1,344 | 885 | 419 | 325 | 85 |
| Total number of exemptions | 1,903 | 3,049 | 4,120 | 3,320 | 1,662 | 1,173 | 235 |
| Total number of dependents | 246 | 514 | 738 | 595 | 275 | 196 | 41 |
| Adjusted gross income | $3,828 | $17,227 | $36,103 | $61,390 | $86,114 | $127,289 | $502,976 |
| Salaries and wages | $3,313 | $11,932 | $28,120 | $49,369 | $67,601 | $88,463 | $135,012 |
| Taxable interest | $346 | $629 | $717 | $967 | $1,631 | $3,023 | $13,543 |
| Ordinary dividends | $101 | $257 | $326 | $394 | $780 | $3,157 | $32,366 |
| Business or professional net income | $76 | $518 | $624 | $1,083 | $1,520 | $4,242 | $22,790 |
| Net capital gain | $34 | $60 | $70 | $317 | $783 | $3,427 | $38,519 |
| Taxable individual retirement account distributions | $228 | $688 | $1,093 | $1,674 | $2,377 | $6,550 | $6,952 |
| Taxable pensions and annuities | $935 | $2,476 | $2,907 | $3,784 | $5,824 | $6,363 | $4,397 |
| Unemployment compensation | $90 | $757 | $1,261 | $1,053 | $976 | $769 | $0 |
| Taxable Social Security benefits | $0 | $121 | $1,112 | $2,416 | $3,317 | $4,143 | $5,832 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $542 | $0 |
| Total itemized deductions | $582 | $1,227 | $2,496 | $4,995 | $9,426 | $16,903 | $118,118 |
| State and local income taxes | $37 | $102 | $400 | $1,102 | $2,579 | $5,635 | $32,226 |
| State and local general sales tax | $4 | $7 | $12 | $0 | $0 | $0 | $0 |
| Real estate taxes | $14 | $17 | $59 | $110 | $200 | $543 | $1,736 |
| Taxes paid | $67 | $134 | $491 | $1,276 | $2,944 | $6,423 | $34,375 |
| Mortgage interest paid | $117 | $172 | $728 | $1,760 | $3,239 | $4,674 | $6,284 |
| Contributions | $17 | $157 | $402 | $876 | $1,807 | $3,676 | $77,971 |
| Taxable income | $172 | $4,635 | $19,437 | $40,189 | $61,882 | $98,013 | $375,871 |
| Total tax credits | $0 | $71 | $390 | $792 | $916 | $503 | $753 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $59 | $0 | $0 |
| Child tax credit | $0 | $37 | $286 | $601 | $603 | $329 | $0 |
| Child and dependent care credit | $0 | $4 | $11 | $22 | $33 | $30 | $0 |
| Earned income credit | $281 | $829 | $228 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $259 | $768 | $185 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $71 | $5,741 |
| Income tax | $16 | $425 | $1,994 | $4,658 | $7,922 | $16,472 | $99,060 |
| Total tax liability | $73 | $543 | $2,234 | $4,989 | $8,409 | $17,696 | $102,732 |
| Tax due at time of filing | $22 | $50 | $104 | $301 | $558 | $2,019 | $15,707 |
| Overpayments refunded | $-565 | $-1,975 | $-2,200 | $-2,274 | $-2,469 | $-2,633 | $-2,587 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 10% | 14% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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