IRS Income Data for Bloomington, IN 47408
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 29% | 23% | 19% | 11% | 7% | 9% | 3% |
| Number of returns | 2,338 | 1,859 | 1,513 | 885 | 571 | 706 | 212 |
| Number of joint returns | 137 | 269 | 480 | 539 | 426 | 593 | 180 |
| Number of returns from paid preparer | 634 | 575 | 620 | 419 | 276 | 403 | 155 |
| Total number of exemptions | 1,925 | 2,452 | 2,684 | 1,898 | 1,412 | 1,804 | 567 |
| Total number of dependents | 159 | 258 | 379 | 275 | 234 | 279 | 93 |
| Adjusted gross income | $3,923 | $16,703 | $35,958 | $61,444 | $87,022 | $133,168 | $463,420 |
| Salaries and wages | $4,095 | $13,736 | $28,081 | $43,561 | $57,156 | $84,042 | $218,314 |
| Taxable interest | $439 | $393 | $820 | $1,520 | $2,555 | $3,699 | $15,518 |
| Ordinary dividends | $228 | $372 | $821 | $2,109 | $3,213 | $6,396 | $33,269 |
| Business or professional net income | $-138 | $753 | $985 | $1,608 | $2,087 | $4,922 | $13,191 |
| Net capital gain | $58 | $-4 | $207 | $261 | $825 | $2,911 | $33,294 |
| Taxable individual retirement account distributions | $124 | $304 | $805 | $2,290 | $3,720 | $4,152 | $6,057 |
| Taxable pensions and annuities | $361 | $1,228 | $2,981 | $6,484 | $10,864 | $16,619 | $18,497 |
| Unemployment compensation | $23 | $171 | $270 | $290 | $373 | $0 | $0 |
| Taxable Social Security benefits | $0 | $63 | $1,186 | $3,460 | $5,258 | $6,486 | $5,883 |
| Self-employment retirement plans | $0 | $0 | $0 | $52 | $0 | $415 | $1,517 |
| Total itemized deductions | $1,133 | $1,042 | $3,620 | $7,832 | $13,242 | $20,185 | $64,806 |
| State and local income taxes | $166 | $165 | $472 | $1,180 | $2,421 | $5,173 | $30,386 |
| State and local general sales tax | $18 | $28 | $35 | $24 | $0 | $35 | $0 |
| Real estate taxes | $60 | $60 | $238 | $617 | $923 | $1,555 | $4,129 |
| Taxes paid | $248 | $270 | $793 | $1,910 | $3,530 | $7,027 | $35,012 |
| Mortgage interest paid | $180 | $227 | $1,244 | $2,683 | $4,297 | $5,867 | $10,440 |
| Contributions | $15 | $78 | $379 | $1,122 | $2,339 | $4,102 | $15,866 |
| Taxable income | $353 | $6,172 | $20,559 | $40,797 | $61,267 | $101,939 | $395,859 |
| Total tax credits | $1 | $128 | $352 | $606 | $837 | $503 | $997 |
| Residential energy tax credit | $0 | $0 | $10 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $13 | $162 | $384 | $483 | $241 | $0 |
| Child and dependent care credit | $0 | $3 | $18 | $28 | $40 | $33 | $46 |
| Earned income credit | $148 | $337 | $135 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $131 | $298 | $109 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $57 | $3,880 |
| Income tax | $34 | $536 | $2,224 | $5,194 | $8,261 | $17,847 | $106,162 |
| Total tax liability | $110 | $655 | $2,435 | $5,552 | $8,702 | $18,651 | $107,672 |
| Tax due at time of filing | $21 | $96 | $189 | $411 | $638 | $1,534 | $12,400 |
| Overpayments refunded | $-455 | $-1,215 | $-1,826 | $-2,042 | $-2,690 | $-3,245 | $-7,272 |
| Total Tax Liability / AGI | 3% | 4% | 7% | 9% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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