IRS Income Data for Kingsford, MI 49802
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 24% | 25% | 25% | 14% | 8% | 4% | 1% |
| Number of returns | 745 | 787 | 795 | 432 | 243 | 141 | 25 |
| Number of joint returns | 65 | 181 | 338 | 317 | 211 | 130 | 24 |
| Number of returns from paid preparer | 406 | 475 | 493 | 267 | 149 | 104 | 21 |
| Total number of exemptions | 668 | 1,254 | 1,559 | 1,113 | 669 | 422 | 76 |
| Total number of dependents | 80 | 187 | 250 | 211 | 110 | 79 | 13 |
| Adjusted gross income | $4,235 | $16,899 | $36,176 | $61,447 | $86,741 | $123,141 | $400,263 |
| Salaries and wages | $3,693 | $11,447 | $27,938 | $49,318 | $69,114 | $95,529 | $174,910 |
| Taxable interest | $381 | $536 | $746 | $934 | $1,523 | $3,129 | $6,206 |
| Ordinary dividends | $161 | $335 | $404 | $790 | $1,001 | $3,445 | $9,734 |
| Business or professional net income | $77 | $309 | $229 | $371 | $165 | $279 | $0 |
| Net capital gain | $-24 | $9 | $159 | $601 | $671 | $1,307 | $18,623 |
| Taxable individual retirement account distributions | $197 | $771 | $948 | $1,147 | $2,463 | $4,132 | $0 |
| Taxable pensions and annuities | $538 | $2,816 | $3,923 | $5,581 | $7,899 | $8,328 | $0 |
| Unemployment compensation | $71 | $505 | $668 | $699 | $349 | $353 | $0 |
| Taxable Social Security benefits | $0 | $69 | $1,137 | $2,130 | $2,878 | $4,168 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $422 | $1,159 | $2,131 | $4,649 | $7,869 | $14,502 | $44,989 |
| State and local income taxes | $0 | $45 | $231 | $677 | $1,435 | $3,495 | $18,126 |
| State and local general sales tax | $6 | $18 | $21 | $60 | $0 | $0 | $0 |
| Real estate taxes | $70 | $156 | $246 | $638 | $1,047 | $2,145 | $7,322 |
| Taxes paid | $96 | $226 | $526 | $1,400 | $2,666 | $5,955 | $25,879 |
| Mortgage interest paid | $86 | $112 | $597 | $1,460 | $2,359 | $3,525 | $6,305 |
| Contributions | $0 | $153 | $288 | $596 | $1,160 | $2,869 | $4,849 |
| Taxable income | $229 | $4,728 | $19,866 | $40,244 | $62,799 | $94,334 | $346,634 |
| Total tax credits | $0 | $48 | $341 | $739 | $861 | $622 | $158 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $19 | $238 | $564 | $600 | $441 | $0 |
| Child and dependent care credit | $0 | $0 | $11 | $26 | $43 | $49 | $0 |
| Earned income credit | $251 | $762 | $192 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $240 | $709 | $169 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,279 |
| Income tax | $20 | $457 | $2,078 | $4,728 | $8,269 | $15,652 | $84,322 |
| Total tax liability | $48 | $538 | $2,178 | $4,857 | $8,404 | $15,798 | $85,570 |
| Tax due at time of filing | $12 | $42 | $102 | $244 | $304 | $655 | $0 |
| Overpayments refunded | $-528 | $-1,837 | $-1,963 | $-2,108 | $-2,373 | $-2,505 | $-7,407 |
| Total Tax Liability / AGI | 1% | 3% | 6% | 8% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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