IRS Income Data for Grand Rapids, MI 49507
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 33% | 27% | 10% | 4% | 2% | 0% |
| Number of returns | 3,184 | 4,429 | 3,606 | 1,406 | 547 | 316 | 23 |
| Number of joint returns | 201 | 536 | 952 | 883 | 454 | 281 | 20 |
| Number of returns from paid preparer | 1,595 | 2,759 | 2,028 | 680 | 250 | 148 | 19 |
| Total number of exemptions | 4,706 | 10,817 | 9,487 | 3,739 | 1,544 | 926 | 68 |
| Total number of dependents | 1,070 | 2,768 | 2,051 | 690 | 290 | 169 | 12 |
| Adjusted gross income | $4,711 | $17,100 | $35,239 | $60,752 | $85,332 | $122,541 | $408,034 |
| Salaries and wages | $3,816 | $14,281 | $31,892 | $53,681 | $74,395 | $102,950 | $203,950 |
| Taxable interest | $59 | $114 | $143 | $326 | $571 | $1,331 | $19,593 |
| Ordinary dividends | $42 | $62 | $83 | $365 | $651 | $1,107 | $3,728 |
| Business or professional net income | $554 | $1,070 | $531 | $928 | $1,741 | $3,158 | $0 |
| Net capital gain | $-1 | $4 | $20 | $-32 | $468 | $662 | $5,484 |
| Taxable individual retirement account distributions | $78 | $218 | $400 | $702 | $1,320 | $3,454 | $0 |
| Taxable pensions and annuities | $305 | $769 | $1,425 | $2,759 | $3,873 | $7,901 | $0 |
| Unemployment compensation | $177 | $707 | $619 | $632 | $392 | $331 | $0 |
| Taxable Social Security benefits | $0 | $43 | $358 | $1,280 | $1,443 | $1,991 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $195 | $0 | $0 |
| Total itemized deductions | $270 | $932 | $3,937 | $9,520 | $14,418 | $19,595 | $82,372 |
| State and local income taxes | $12 | $54 | $551 | $1,883 | $3,368 | $5,442 | $21,945 |
| State and local general sales tax | $5 | $9 | $18 | $16 | $0 | $0 | $0 |
| Real estate taxes | $43 | $101 | $439 | $1,042 | $1,428 | $1,848 | $4,683 |
| Taxes paid | $73 | $175 | $1,061 | $3,066 | $4,968 | $7,555 | $38,493 |
| Mortgage interest paid | $117 | $393 | $1,711 | $3,901 | $4,764 | $5,518 | $5,777 |
| Contributions | $11 | $109 | $555 | $1,693 | $3,014 | $5,050 | $20,423 |
| Taxable income | $130 | $3,371 | $16,735 | $38,011 | $58,639 | $91,480 | $315,377 |
| Total tax credits | $0 | $86 | $537 | $916 | $1,052 | $661 | $0 |
| Residential energy tax credit | $0 | $0 | $2 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $50 | $396 | $658 | $721 | $466 | $0 |
| Child and dependent care credit | $0 | $4 | $33 | $37 | $68 | $57 | $0 |
| Earned income credit | $685 | $1,710 | $386 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $602 | $1,571 | $340 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $5,177 |
| Income tax | $13 | $277 | $1,537 | $4,393 | $7,493 | $15,189 | $88,958 |
| Total tax liability | $126 | $462 | $1,662 | $4,662 | $7,962 | $15,932 | $91,823 |
| Tax due at time of filing | $18 | $43 | $87 | $230 | $380 | $1,045 | $15,736 |
| Overpayments refunded | $-938 | $-2,926 | $-2,717 | $-2,381 | $-2,419 | $-2,216 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 5% | 8% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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