IRS Income Data for Wolcott, IN 47995
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 20% | 24% | 17% | 8% | 6% | 1% |
| Number of returns | 186 | 164 | 194 | 136 | 66 | 46 | 11 |
| Number of joint returns | 24 | 50 | 97 | 103 | 58 | 50 | 0 |
| Number of returns from paid preparer | 105 | 108 | 136 | 98 | 49 | 34 | 11 |
| Total number of exemptions | 168 | 278 | 447 | 386 | 201 | 125 | 29 |
| Total number of dependents | 20 | 39 | 74 | 69 | 37 | 22 | 0 |
| Adjusted gross income | $4,193 | $16,810 | $36,866 | $61,669 | $86,043 | $126,364 | $334,091 |
| Salaries and wages | $3,938 | $13,409 | $30,711 | $46,991 | $65,479 | $87,421 | $0 |
| Taxable interest | $249 | $676 | $591 | $1,114 | $2,541 | $2,409 | $0 |
| Ordinary dividends | $76 | $123 | $382 | $573 | $221 | $2,087 | $0 |
| Business or professional net income | $434 | $435 | $1,000 | $1,111 | $4,049 | $1,476 | $0 |
| Net capital gain | $39 | $248 | $338 | $932 | $1,521 | $24,743 | $0 |
| Taxable individual retirement account distributions | $0 | $581 | $327 | $389 | $635 | $0 | $0 |
| Taxable pensions and annuities | $402 | $1,298 | $1,349 | $1,743 | $0 | $5,613 | $0 |
| Unemployment compensation | $240 | $0 | $489 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $83 | $805 | $3,702 | $0 | $5,180 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,572 | $2,123 | $3,853 | $7,209 | $15,994 | $23,291 |
| State and local income taxes | $0 | $63 | $290 | $676 | $1,763 | $7,294 | $0 |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $0 | $129 | $121 | $391 | $501 | $0 |
| Taxes paid | $0 | $154 | $409 | $843 | $2,238 | $5,489 | $12,236 |
| Mortgage interest paid | $0 | $0 | $942 | $1,177 | $2,707 | $5,973 | $0 |
| Contributions | $0 | $0 | $216 | $373 | $727 | $4,051 | $0 |
| Taxable income | $375 | $4,338 | $19,383 | $39,788 | $61,845 | $97,744 | $303,030 |
| Total tax credits | $0 | $52 | $429 | $923 | $1,099 | $612 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $298 | $753 | $708 | $549 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $79 | $0 | $0 | $0 |
| Earned income credit | $285 | $812 | $201 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $235 | $747 | $148 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $35 | $402 | $1,889 | $4,415 | $7,683 | $15,614 | $55,139 |
| Total tax liability | $142 | $544 | $2,161 | $5,028 | $8,779 | $17,267 | $62,218 |
| Tax due at time of filing | $26 | $63 | $139 | $898 | $1,872 | $12,874 | $0 |
| Overpayments refunded | $-558 | $-1,798 | $-2,242 | $-1,785 | $-1,994 | $-2,620 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 10% | 14% | 19% |
All numbers in the table are 2010 averages for that income class and zip code.
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