IRS Income Data for Lafayette, IN 47901
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 28% | 38% | 21% | 6% | 2% | 3% | 1% |
| Number of returns | 476 | 658 | 362 | 99 | 36 | 57 | 25 |
| Number of joint returns | 19 | 41 | 68 | 37 | 22 | 32 | 18 |
| Number of returns from paid preparer | 147 | 233 | 131 | 53 | 18 | 28 | 21 |
| Total number of exemptions | 542 | 851 | 582 | 168 | 71 | 132 | 61 |
| Total number of dependents | 72 | 101 | 74 | 24 | 0 | 30 | 0 |
| Adjusted gross income | $4,713 | $17,080 | $34,198 | $59,969 | $86,367 | $132,074 | $424,383 |
| Salaries and wages | $4,841 | $16,197 | $31,804 | $50,379 | $64,394 | $86,832 | $171,436 |
| Taxable interest | $58 | $121 | $257 | $431 | $3,180 | $2,682 | $6,995 |
| Ordinary dividends | $104 | $83 | $149 | $887 | $952 | $1,079 | $8,261 |
| Business or professional net income | $139 | $260 | $732 | $398 | $0 | $6,290 | $0 |
| Net capital gain | $-38 | $5 | $77 | $704 | $-283 | $6,840 | $5,899 |
| Taxable individual retirement account distributions | $0 | $0 | $128 | $1,416 | $0 | $0 | $0 |
| Taxable pensions and annuities | $136 | $330 | $1,043 | $2,762 | $0 | $12,672 | $0 |
| Unemployment compensation | $137 | $266 | $355 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $340 | $2,654 | $0 | $5,189 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $364 | $382 | $1,384 | $6,995 | $16,905 | $19,608 | $39,126 |
| State and local income taxes | $95 | $64 | $245 | $1,115 | $2,669 | $5,389 | $14,539 |
| State and local general sales tax | $0 | $21 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $42 | $104 | $615 | $1,551 | $1,532 | $3,698 |
| Taxes paid | $109 | $102 | $400 | $1,778 | $4,342 | $7,137 | $18,605 |
| Mortgage interest paid | $0 | $173 | $448 | $2,401 | $4,602 | $4,457 | $9,590 |
| Contributions | $0 | $24 | $149 | $465 | $1,616 | $2,481 | $8,784 |
| Taxable income | $213 | $7,014 | $21,388 | $42,712 | $61,491 | $102,748 | $376,340 |
| Total tax credits | $0 | $130 | $278 | $493 | $522 | $582 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $9 | $127 | $251 | $0 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $348 | $418 | $130 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $335 | $384 | $101 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,384 |
| Income tax | $21 | $648 | $2,521 | $6,084 | $9,413 | $19,088 | $98,514 |
| Total tax liability | $46 | $699 | $2,649 | $6,242 | $10,295 | $19,928 | $101,657 |
| Tax due at time of filing | $0 | $21 | $111 | $693 | $0 | $6,641 | $0 |
| Overpayments refunded | $-821 | $-1,403 | $-1,779 | $-1,853 | $-3,465 | $-3,189 | $-4,036 |
| Total Tax Liability / AGI | 1% | 4% | 8% | 10% | 12% | 15% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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