IRS Income Data for Grand Rapids, MI 49525
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 19% | 21% | 15% | 10% | 11% | 4% |
| Number of returns | 2,815 | 2,462 | 2,777 | 2,000 | 1,344 | 1,418 | 468 |
| Number of joint returns | 222 | 419 | 960 | 1,319 | 1,162 | 1,292 | 433 |
| Number of returns from paid preparer | 1,158 | 1,162 | 1,376 | 1,085 | 707 | 774 | 368 |
| Total number of exemptions | 2,129 | 3,543 | 5,193 | 4,983 | 3,953 | 4,382 | 1,585 |
| Total number of dependents | 242 | 497 | 809 | 866 | 725 | 820 | 299 |
| Adjusted gross income | $3,803 | $16,967 | $36,703 | $61,639 | $86,437 | $131,873 | $507,102 |
| Salaries and wages | $3,810 | $12,446 | $28,237 | $48,024 | $69,718 | $105,707 | $302,699 |
| Taxable interest | $274 | $520 | $676 | $1,069 | $1,120 | $2,226 | $10,976 |
| Ordinary dividends | $192 | $307 | $551 | $836 | $1,115 | $2,239 | $33,018 |
| Business or professional net income | $-101 | $725 | $1,031 | $1,286 | $2,083 | $4,309 | $19,418 |
| Net capital gain | $-126 | $13 | $18 | $100 | $153 | $1,456 | $17,960 |
| Taxable individual retirement account distributions | $246 | $820 | $1,413 | $1,994 | $2,463 | $3,359 | $5,478 |
| Taxable pensions and annuities | $482 | $1,897 | $3,178 | $5,087 | $5,416 | $6,154 | $7,079 |
| Unemployment compensation | $80 | $515 | $539 | $419 | $438 | $203 | $0 |
| Taxable Social Security benefits | $0 | $112 | $1,201 | $2,804 | $2,934 | $2,626 | $2,379 |
| Self-employment retirement plans | $0 | $16 | $0 | $44 | $95 | $442 | $3,726 |
| Total itemized deductions | $945 | $1,880 | $5,122 | $9,904 | $14,187 | $24,048 | $67,806 |
| State and local income taxes | $34 | $68 | $560 | $1,516 | $2,608 | $5,275 | $24,108 |
| State and local general sales tax | $10 | $31 | $42 | $44 | $56 | $56 | $0 |
| Real estate taxes | $138 | $282 | $763 | $1,452 | $2,163 | $3,640 | $9,234 |
| Taxes paid | $194 | $407 | $1,431 | $3,146 | $5,012 | $9,248 | $34,010 |
| Mortgage interest paid | $300 | $612 | $2,102 | $3,955 | $5,619 | $8,526 | $15,943 |
| Contributions | $24 | $212 | $605 | $1,427 | $2,083 | $4,362 | $17,305 |
| Taxable income | $301 | $5,371 | $19,993 | $38,745 | $58,828 | $96,054 | $430,082 |
| Total tax credits | $1 | $84 | $328 | $749 | $1,048 | $574 | $639 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $21 | $201 | $517 | $708 | $408 | $0 |
| Child and dependent care credit | $0 | $4 | $18 | $27 | $45 | $43 | $26 |
| Earned income credit | $176 | $569 | $158 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $157 | $500 | $128 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $68 | $4,112 |
| Income tax | $29 | $494 | $2,167 | $4,650 | $7,402 | $16,333 | $114,200 |
| Total tax liability | $104 | $643 | $2,408 | $4,959 | $7,854 | $17,206 | $117,354 |
| Tax due at time of filing | $23 | $59 | $151 | $255 | $407 | $1,009 | $7,376 |
| Overpayments refunded | $-480 | $-1,516 | $-1,846 | $-2,333 | $-2,676 | $-3,002 | $-8,585 |
| Total Tax Liability / AGI | 3% | 4% | 7% | 8% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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