IRS Income Data for Almont, MI 48003
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 18% | 19% | 15% | 14% | 13% | 1% |
| Number of returns | 568 | 525 | 546 | 423 | 389 | 368 | 31 |
| Number of joint returns | 49 | 122 | 243 | 294 | 343 | 345 | 27 |
| Number of returns from paid preparer | 304 | 294 | 365 | 271 | 233 | 223 | 26 |
| Total number of exemptions | 451 | 845 | 1,127 | 1,104 | 1,195 | 1,193 | 81 |
| Total number of dependents | 57 | 136 | 175 | 187 | 223 | 237 | 13 |
| Adjusted gross income | $2,720 | $17,013 | $36,827 | $62,499 | $86,533 | $126,882 | $368,038 |
| Salaries and wages | $3,489 | $11,263 | $26,120 | $48,392 | $72,514 | $112,008 | $159,987 |
| Taxable interest | $456 | $771 | $889 | $998 | $1,105 | $873 | $14,569 |
| Ordinary dividends | $192 | $122 | $361 | $331 | $511 | $615 | $5,770 |
| Business or professional net income | $195 | $799 | $985 | $582 | $887 | $1,543 | $0 |
| Net capital gain | $33 | $-70 | $-36 | $157 | $164 | $105 | $5,245 |
| Taxable individual retirement account distributions | $206 | $681 | $1,033 | $1,492 | $1,579 | $2,301 | $0 |
| Taxable pensions and annuities | $520 | $2,694 | $5,460 | $5,845 | $6,221 | $7,124 | $0 |
| Unemployment compensation | $122 | $674 | $969 | $1,232 | $609 | $427 | $0 |
| Taxable Social Security benefits | $0 | $184 | $1,379 | $2,158 | $2,601 | $2,238 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,275 | $2,411 | $6,154 | $11,399 | $16,324 | $23,100 | $35,237 |
| State and local income taxes | $24 | $124 | $430 | $1,424 | $2,631 | $4,683 | $13,116 |
| State and local general sales tax | $20 | $31 | $64 | $66 | $58 | $0 | $0 |
| Real estate taxes | $250 | $399 | $1,055 | $1,961 | $2,691 | $3,573 | $6,199 |
| Taxes paid | $335 | $612 | $1,628 | $3,620 | $5,624 | $8,623 | $20,074 |
| Mortgage interest paid | $424 | $988 | $2,508 | $5,608 | $7,791 | $10,455 | $10,338 |
| Contributions | $26 | $120 | $542 | $767 | $1,387 | $2,263 | $5,544 |
| Taxable income | $316 | $4,695 | $18,705 | $38,128 | $57,194 | $91,523 | $324,300 |
| Total tax credits | $0 | $62 | $289 | $751 | $1,070 | $725 | $903 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $20 | $202 | $584 | $829 | $505 | $0 |
| Child and dependent care credit | $0 | $0 | $5 | $14 | $15 | $40 | $0 |
| Earned income credit | $178 | $686 | $184 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $131 | $565 | $144 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $27 | $0 | $2,054 |
| Income tax | $29 | $448 | $2,036 | $4,576 | $7,097 | $15,147 | $77,836 |
| Total tax liability | $170 | $648 | $2,264 | $4,846 | $7,357 | $15,517 | $80,865 |
| Tax due at time of filing | $28 | $64 | $101 | $374 | $369 | $775 | $6,707 |
| Overpayments refunded | $-485 | $-1,571 | $-2,057 | $-2,766 | $-3,223 | $-3,245 | $-3,128 |
| Total Tax Liability / AGI | 6% | 4% | 6% | 8% | 9% | 12% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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