IRS Income Data for Otter Lake, MI 48464
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 23% | 25% | 17% | 9% | 6% | 0% |
| Number of returns | 195 | 227 | 244 | 165 | 91 | 63 | 0 |
| Number of joint returns | 34 | 75 | 135 | 135 | 78 | 57 | 0 |
| Number of returns from paid preparer | 115 | 145 | 167 | 113 | 63 | 49 | 0 |
| Total number of exemptions | 241 | 393 | 539 | 449 | 246 | 174 | 0 |
| Total number of dependents | 33 | 58 | 84 | 82 | 39 | 26 | 0 |
| Adjusted gross income | $3,549 | $16,712 | $36,215 | $62,126 | $86,678 | $125,876 | |
| Salaries and wages | $3,770 | $9,380 | $23,649 | $50,415 | $68,473 | $90,474 | |
| Taxable interest | $272 | $403 | $547 | $525 | $752 | $924 | |
| Ordinary dividends | $48 | $107 | $232 | $55 | $157 | $960 | |
| Business or professional net income | $24 | $654 | $796 | $-114 | $392 | $0 | |
| Net capital gain | $-84 | $14 | $-67 | $-59 | $-86 | $20 | |
| Taxable individual retirement account distributions | $0 | $253 | $771 | $280 | $6,250 | $0 | |
| Taxable pensions and annuities | $1,706 | $5,114 | $8,804 | $8,147 | $10,038 | $13,700 | |
| Unemployment compensation | $242 | $1,199 | $1,000 | $1,375 | $1,940 | $0 | |
| Taxable Social Security benefits | $0 | $90 | $965 | $2,130 | $2,967 | $4,117 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $884 | $1,233 | $5,240 | $9,920 | $13,459 | $14,819 | |
| State and local income taxes | $0 | $60 | $420 | $1,293 | $2,163 | $3,638 | |
| State and local general sales tax | $22 | $0 | $127 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $146 | $670 | $1,105 | $1,310 | $1,933 | |
| Taxes paid | $138 | $238 | $1,224 | $2,616 | $3,743 | $5,831 | |
| Mortgage interest paid | $0 | $840 | $2,303 | $4,635 | $5,431 | $6,788 | |
| Contributions | $0 | $30 | $424 | $902 | $1,167 | $1,429 | |
| Taxable income | $186 | $4,116 | $17,247 | $37,752 | $59,765 | $98,489 | |
| Total tax credits | $0 | $47 | $266 | $770 | $914 | $600 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $27 | $165 | $591 | $603 | $475 | |
| Child and dependent care credit | $0 | $0 | $0 | $30 | $0 | $0 | |
| Earned income credit | $348 | $691 | $240 | $0 | $0 | $0 | |
| Excess earned income credit | $277 | $587 | $200 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $17 | $393 | $1,823 | $4,362 | $7,928 | $16,745 | |
| Total tax liability | $121 | $517 | $2,133 | $4,500 | $8,249 | $17,136 | |
| Tax due at time of filing | $32 | $0 | $177 | $168 | $294 | $1,633 | |
| Overpayments refunded | $-686 | $-1,716 | $-2,217 | $-2,711 | $-3,609 | $-2,570 | |
| Total Tax Liability / AGI | 3% | 3% | 6% | 7% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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