IRS Income Data for Romney, IN 47981
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 17% | 21% | 14% | 14% | 14% | 0% |
| Number of returns | 77 | 69 | 82 | 57 | 57 | 54 | 0 |
| Number of joint returns | 0 | 25 | 27 | 46 | 53 | 49 | 0 |
| Number of returns from paid preparer | 27 | 37 | 50 | 33 | 31 | 29 | 0 |
| Total number of exemptions | 52 | 112 | 167 | 147 | 180 | 185 | 0 |
| Total number of dependents | 0 | 24 | 32 | 24 | 34 | 35 | 0 |
| Adjusted gross income | $3,063 | $17,189 | $35,093 | $61,682 | $87,168 | $155,485 | |
| Salaries and wages | $3,267 | $10,375 | $29,776 | $48,856 | $78,670 | $101,595 | |
| Taxable interest | $104 | $713 | $388 | $536 | $598 | $975 | |
| Ordinary dividends | $43 | $201 | $407 | $331 | $102 | $320 | |
| Business or professional net income | $0 | $1,393 | $602 | $0 | $0 | $0 | |
| Net capital gain | $0 | $-36 | $0 | $116 | $0 | $308 | |
| Taxable individual retirement account distributions | $0 | $0 | $1,070 | $0 | $1,138 | $0 | |
| Taxable pensions and annuities | $0 | $3,550 | $1,316 | $3,179 | $3,152 | $0 | |
| Unemployment compensation | $0 | $290 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $887 | $3,397 | $3,724 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $4,240 | $5,509 | $10,618 | $20,385 | |
| State and local income taxes | $0 | $0 | $520 | $1,024 | $2,551 | $5,962 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $229 | $424 | $813 | $1,485 | |
| Taxes paid | $0 | $0 | $780 | $1,509 | $3,559 | $7,800 | |
| Mortgage interest paid | $0 | $0 | $1,403 | $2,347 | $4,428 | $7,622 | |
| Contributions | $0 | $0 | $625 | $700 | $1,424 | $2,875 | |
| Taxable income | $249 | $4,827 | $18,703 | $40,237 | $61,050 | $121,507 | |
| Total tax credits | $0 | $0 | $433 | $727 | $1,286 | $917 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $333 | $587 | $947 | $577 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $146 | $0 | |
| Earned income credit | $0 | $716 | $208 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $575 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $24 | $462 | $1,877 | $4,814 | $7,183 | $23,910 | |
| Total tax liability | $34 | $733 | $2,105 | $5,299 | $7,578 | $25,595 | |
| Tax due at time of filing | $0 | $280 | $0 | $0 | $0 | $6,150 | |
| Overpayments refunded | $-444 | $-1,605 | $-2,438 | $-1,748 | $-4,519 | $-3,132 | |
| Total Tax Liability / AGI | 1% | 4% | 6% | 9% | 9% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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