IRS Income Data for Ray, MI 48096
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 18% | 18% | 15% | 13% | 13% | 2% |
| Number of returns | 392 | 350 | 339 | 296 | 249 | 249 | 47 |
| Number of joint returns | 51 | 84 | 142 | 208 | 204 | 230 | 43 |
| Number of returns from paid preparer | 228 | 222 | 239 | 214 | 177 | 174 | 38 |
| Total number of exemptions | 304 | 523 | 642 | 702 | 700 | 742 | 145 |
| Total number of dependents | 25 | 65 | 94 | 110 | 124 | 135 | 25 |
| Adjusted gross income | $2,621 | $16,929 | $37,081 | $62,783 | $86,474 | $129,781 | $290,629 |
| Salaries and wages | $3,842 | $10,381 | $25,560 | $45,821 | $66,288 | $108,387 | $179,553 |
| Taxable interest | $425 | $968 | $1,585 | $1,722 | $2,128 | $3,302 | $9,309 |
| Ordinary dividends | $234 | $454 | $624 | $915 | $709 | $1,270 | $4,077 |
| Business or professional net income | $92 | $1,059 | $909 | $575 | $1,153 | $620 | $0 |
| Net capital gain | $-213 | $-198 | $-176 | $-47 | $-204 | $369 | $1,352 |
| Taxable individual retirement account distributions | $142 | $745 | $1,028 | $1,749 | $2,016 | $4,017 | $0 |
| Taxable pensions and annuities | $967 | $3,101 | $5,731 | $7,078 | $7,394 | $11,712 | $0 |
| Unemployment compensation | $204 | $677 | $706 | $892 | $837 | $511 | $0 |
| Taxable Social Security benefits | $0 | $163 | $1,631 | $3,278 | $3,372 | $2,633 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $2,013 | $2,540 | $6,402 | $11,178 | $15,281 | $22,625 | $45,793 |
| State and local income taxes | $69 | $67 | $491 | $1,337 | $2,442 | $4,714 | $13,343 |
| State and local general sales tax | $18 | $57 | $87 | $62 | $99 | $0 | $0 |
| Real estate taxes | $404 | $424 | $1,079 | $1,709 | $2,807 | $3,552 | $5,841 |
| Taxes paid | $547 | $575 | $1,841 | $3,334 | $5,596 | $8,768 | $20,137 |
| Mortgage interest paid | $598 | $874 | $2,944 | $5,253 | $7,173 | $10,088 | $10,160 |
| Contributions | $44 | $280 | $482 | $1,048 | $1,326 | $2,551 | $8,973 |
| Taxable income | $370 | $5,184 | $19,045 | $39,039 | $58,061 | $95,184 | $234,782 |
| Total tax credits | $0 | $52 | $273 | $563 | $943 | $486 | $194 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $11 | $160 | $439 | $726 | $399 | $0 |
| Child and dependent care credit | $0 | $0 | $16 | $10 | $0 | $34 | $0 |
| Earned income credit | $138 | $477 | $140 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $105 | $390 | $107 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,211 |
| Income tax | $35 | $504 | $2,090 | $4,840 | $7,557 | $16,246 | $59,713 |
| Total tax liability | $116 | $666 | $2,349 | $5,053 | $7,938 | $16,436 | $61,534 |
| Tax due at time of filing | $25 | $55 | $194 | $307 | $306 | $853 | $7,560 |
| Overpayments refunded | $-456 | $-1,388 | $-2,040 | $-2,588 | $-3,077 | $-3,265 | $-2,876 |
| Total Tax Liability / AGI | 4% | 4% | 6% | 8% | 9% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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