IRS Income Data for Grand Rapids, MI 49505
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 24% | 28% | 16% | 7% | 5% | 1% |
| Number of returns | 2,752 | 3,484 | 3,994 | 2,255 | 1,039 | 757 | 99 |
| Number of joint returns | 218 | 568 | 1,214 | 1,386 | 851 | 669 | 82 |
| Number of returns from paid preparer | 1,179 | 1,750 | 1,986 | 1,135 | 533 | 423 | 73 |
| Total number of exemptions | 2,994 | 5,833 | 7,306 | 5,316 | 2,762 | 2,080 | 296 |
| Total number of dependents | 463 | 1,066 | 1,185 | 865 | 466 | 350 | 51 |
| Adjusted gross income | $4,538 | $17,065 | $36,311 | $61,130 | $86,008 | $125,801 | $332,461 |
| Salaries and wages | $3,648 | $12,417 | $30,166 | $50,280 | $69,638 | $96,889 | $223,844 |
| Taxable interest | $216 | $486 | $468 | $776 | $1,323 | $2,182 | $6,707 |
| Ordinary dividends | $142 | $299 | $365 | $588 | $834 | $2,165 | $4,668 |
| Business or professional net income | $198 | $734 | $686 | $1,329 | $2,043 | $4,614 | $9,410 |
| Net capital gain | $-73 | $-35 | $-1 | $44 | $635 | $1,603 | $9,683 |
| Taxable individual retirement account distributions | $208 | $712 | $920 | $1,648 | $2,680 | $4,135 | $3,932 |
| Taxable pensions and annuities | $520 | $1,893 | $2,479 | $3,728 | $5,501 | $7,978 | $6,940 |
| Unemployment compensation | $153 | $550 | $520 | $426 | $357 | $274 | $0 |
| Taxable Social Security benefits | $0 | $91 | $862 | $2,257 | $2,961 | $3,238 | $2,902 |
| Self-employment retirement plans | $0 | $0 | $0 | $33 | $0 | $708 | $0 |
| Total itemized deductions | $820 | $1,389 | $4,450 | $9,181 | $13,401 | $20,781 | $48,693 |
| State and local income taxes | $31 | $78 | $668 | $1,743 | $3,098 | $5,416 | $20,657 |
| State and local general sales tax | $13 | $20 | $25 | $28 | $34 | $51 | $0 |
| Real estate taxes | $101 | $196 | $609 | $1,182 | $1,718 | $2,849 | $5,271 |
| Taxes paid | $151 | $313 | $1,352 | $3,063 | $5,015 | $8,561 | $26,478 |
| Mortgage interest paid | $194 | $431 | $1,922 | $3,772 | $5,090 | $6,424 | $8,779 |
| Contributions | $40 | $162 | $448 | $1,295 | $1,981 | $4,046 | $12,986 |
| Taxable income | $198 | $4,915 | $20,255 | $39,577 | $60,323 | $94,040 | $274,587 |
| Total tax credits | $1 | $88 | $348 | $688 | $886 | $533 | $204 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $32 | $213 | $506 | $569 | $364 | $0 |
| Child and dependent care credit | $0 | $6 | $20 | $34 | $45 | $47 | $0 |
| Earned income credit | $352 | $951 | $175 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $311 | $861 | $146 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $31 | $3,506 |
| Income tax | $18 | $439 | $2,206 | $4,931 | $7,983 | $15,883 | $71,776 |
| Total tax liability | $97 | $578 | $2,365 | $5,230 | $8,383 | $16,802 | $74,395 |
| Tax due at time of filing | $22 | $52 | $113 | $272 | $472 | $1,171 | $6,375 |
| Overpayments refunded | $-631 | $-1,987 | $-1,979 | $-2,272 | $-2,528 | $-2,567 | $-4,511 |
| Total Tax Liability / AGI | 2% | 3% | 7% | 9% | 10% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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