IRS Income Data for Cheboygan, MI 49721
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 25% | 27% | 23% | 13% | 6% | 5% | 1% |
| Number of returns | 1,675 | 1,869 | 1,600 | 871 | 398 | 328 | 68 |
| Number of joint returns | 231 | 553 | 901 | 686 | 346 | 298 | 57 |
| Number of returns from paid preparer | 853 | 1,068 | 1,047 | 564 | 280 | 245 | 59 |
| Total number of exemptions | 1,637 | 3,364 | 3,512 | 2,173 | 1,056 | 885 | 174 |
| Total number of dependents | 197 | 576 | 555 | 333 | 161 | 133 | 27 |
| Adjusted gross income | $3,583 | $17,103 | $35,952 | $60,836 | $86,257 | $126,989 | $414,610 |
| Salaries and wages | $3,406 | $11,309 | $24,786 | $40,863 | $54,230 | $77,539 | $192,761 |
| Taxable interest | $284 | $524 | $914 | $1,580 | $1,778 | $3,242 | $8,147 |
| Ordinary dividends | $127 | $252 | $577 | $1,056 | $1,387 | $4,241 | $25,112 |
| Business or professional net income | $-31 | $383 | $409 | $278 | $1,168 | $3,498 | $31,000 |
| Net capital gain | $62 | $71 | $122 | $521 | $604 | $3,413 | $27,731 |
| Taxable individual retirement account distributions | $182 | $636 | $1,137 | $2,923 | $5,471 | $8,743 | $0 |
| Taxable pensions and annuities | $497 | $2,806 | $5,373 | $8,832 | $13,836 | $14,637 | $13,015 |
| Unemployment compensation | $265 | $1,260 | $1,689 | $1,321 | $1,067 | $772 | $0 |
| Taxable Social Security benefits | $0 | $97 | $1,440 | $3,985 | $5,670 | $6,352 | $5,214 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $6,891 |
| Total itemized deductions | $671 | $1,528 | $3,984 | $8,385 | $12,961 | $20,931 | $56,969 |
| State and local income taxes | $11 | $66 | $292 | $901 | $1,717 | $3,845 | $16,970 |
| State and local general sales tax | $8 | $26 | $61 | $77 | $145 | $207 | $0 |
| Real estate taxes | $87 | $177 | $414 | $834 | $1,421 | $2,707 | $6,940 |
| Taxes paid | $123 | $286 | $820 | $1,920 | $3,487 | $7,010 | $24,409 |
| Mortgage interest paid | $212 | $577 | $1,351 | $3,050 | $4,542 | $6,776 | $15,240 |
| Contributions | $20 | $123 | $287 | $874 | $1,735 | $2,918 | $13,075 |
| Taxable income | $175 | $4,072 | $17,285 | $37,555 | $59,580 | $94,248 | $350,020 |
| Total tax credits | $0 | $51 | $337 | $659 | $897 | $580 | $304 |
| Residential energy tax credit | $0 | $0 | $9 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $207 | $432 | $530 | $363 | $0 |
| Child and dependent care credit | $0 | $2 | $20 | $39 | $47 | $54 | $0 |
| Earned income credit | $250 | $948 | $264 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $219 | $861 | $228 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $18 | $0 | $105 | $3,858 |
| Income tax | $18 | $381 | $1,699 | $4,333 | $7,637 | $15,447 | $85,853 |
| Total tax liability | $75 | $492 | $1,857 | $4,490 | $8,020 | $16,172 | $88,982 |
| Tax due at time of filing | $16 | $27 | $97 | $219 | $452 | $898 | $11,838 |
| Overpayments refunded | $-531 | $-2,002 | $-2,067 | $-2,168 | $-2,501 | $-3,437 | $-4,367 |
| Total Tax Liability / AGI | 2% | 3% | 5% | 7% | 9% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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