IRS Income Data for Grand Rapids, MI 49508
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 24% | 25% | 15% | 9% | 7% | 1% |
| Number of returns | 3,674 | 4,209 | 4,404 | 2,617 | 1,556 | 1,239 | 134 |
| Number of joint returns | 287 | 694 | 1,439 | 1,723 | 1,348 | 1,152 | 125 |
| Number of returns from paid preparer | 1,648 | 2,240 | 2,236 | 1,415 | 764 | 651 | 92 |
| Total number of exemptions | 3,711 | 7,448 | 9,073 | 6,727 | 4,451 | 3,756 | 427 |
| Total number of dependents | 615 | 1,526 | 1,708 | 1,206 | 795 | 693 | 84 |
| Adjusted gross income | $4,194 | $17,147 | $36,077 | $61,441 | $86,563 | $125,641 | $300,151 |
| Salaries and wages | $3,721 | $13,063 | $30,112 | $50,974 | $71,382 | $104,215 | $185,838 |
| Taxable interest | $166 | $351 | $466 | $654 | $1,074 | $1,823 | $7,800 |
| Ordinary dividends | $123 | $236 | $331 | $526 | $813 | $1,377 | $5,479 |
| Business or professional net income | $284 | $1,027 | $707 | $1,307 | $1,756 | $3,058 | $16,268 |
| Net capital gain | $-72 | $-8 | $-5 | $41 | $290 | $840 | $25,808 |
| Taxable individual retirement account distributions | $216 | $674 | $997 | $1,621 | $2,598 | $3,366 | $6,047 |
| Taxable pensions and annuities | $400 | $1,373 | $2,297 | $3,787 | $5,073 | $6,342 | $6,092 |
| Unemployment compensation | $119 | $637 | $531 | $501 | $386 | $330 | $0 |
| Taxable Social Security benefits | $0 | $97 | $854 | $2,203 | $2,867 | $2,551 | $2,264 |
| Self-employment retirement plans | $0 | $0 | $0 | $35 | $0 | $120 | $2,593 |
| Total itemized deductions | $656 | $1,526 | $4,493 | $9,989 | $14,274 | $20,776 | $40,336 |
| State and local income taxes | $15 | $56 | $486 | $1,538 | $2,696 | $4,886 | $14,765 |
| State and local general sales tax | $10 | $25 | $41 | $50 | $54 | $45 | $0 |
| Real estate taxes | $86 | $228 | $649 | $1,382 | $1,948 | $2,769 | $4,404 |
| Taxes paid | $132 | $325 | $1,241 | $3,108 | $4,885 | $7,979 | $19,590 |
| Mortgage interest paid | $206 | $530 | $1,762 | $3,991 | $5,243 | $6,101 | $6,869 |
| Contributions | $36 | $195 | $669 | $1,656 | $2,782 | $5,188 | $12,519 |
| Taxable income | $247 | $4,758 | $19,005 | $38,435 | $59,380 | $93,096 | $249,709 |
| Total tax credits | $1 | $100 | $422 | $812 | $1,025 | $566 | $68 |
| Residential energy tax credit | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $34 | $262 | $606 | $684 | $438 | $0 |
| Child and dependent care credit | $0 | $6 | $30 | $41 | $56 | $44 | $0 |
| Earned income credit | $358 | $1,130 | $260 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $315 | $1,001 | $215 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $5 | $0 | $39 | $3,022 |
| Income tax | $23 | $415 | $1,943 | $4,565 | $7,565 | $15,619 | $59,788 |
| Total tax liability | $99 | $607 | $2,144 | $4,892 | $7,995 | $16,275 | $62,547 |
| Tax due at time of filing | $22 | $59 | $126 | $285 | $422 | $1,102 | $7,979 |
| Overpayments refunded | $-669 | $-2,161 | $-2,113 | $-2,283 | $-2,521 | $-2,364 | $-5,419 |
| Total Tax Liability / AGI | 2% | 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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