IRS Income Data for Rapid River, MI 49878
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 23% | 23% | 19% | 10% | 6% | 1% |
| Number of returns | 325 | 397 | 401 | 327 | 177 | 101 | 12 |
| Number of joint returns | 61 | 148 | 214 | 240 | 159 | 87 | 11 |
| Number of returns from paid preparer | 192 | 280 | 286 | 223 | 118 | 71 | 12 |
| Total number of exemptions | 319 | 641 | 808 | 764 | 473 | 270 | 25 |
| Total number of dependents | 27 | 69 | 108 | 110 | 75 | 49 | 0 |
| Adjusted gross income | $3,243 | $16,746 | $36,394 | $62,196 | $85,408 | $121,699 | $398,452 |
| Salaries and wages | $3,531 | $9,363 | $22,970 | $46,052 | $66,157 | $89,569 | $0 |
| Taxable interest | $290 | $669 | $825 | $643 | $1,276 | $1,748 | $3,758 |
| Ordinary dividends | $152 | $272 | $716 | $480 | $710 | $2,859 | $0 |
| Business or professional net income | $-227 | $464 | $271 | $337 | $238 | $1,203 | $0 |
| Net capital gain | $-43 | $90 | $-73 | $629 | $622 | $1,327 | $0 |
| Taxable individual retirement account distributions | $259 | $1,050 | $1,790 | $2,532 | $2,757 | $5,356 | $0 |
| Taxable pensions and annuities | $1,091 | $4,118 | $7,550 | $8,142 | $8,822 | $13,748 | $0 |
| Unemployment compensation | $162 | $966 | $991 | $947 | $1,208 | $0 | $0 |
| Taxable Social Security benefits | $0 | $108 | $1,636 | $3,208 | $3,007 | $4,131 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $620 | $1,415 | $4,486 | $7,671 | $13,129 | $17,123 | $0 |
| State and local income taxes | $0 | $74 | $376 | $1,009 | $2,007 | $3,343 | $0 |
| State and local general sales tax | $0 | $24 | $94 | $93 | $133 | $0 | $0 |
| Real estate taxes | $107 | $161 | $450 | $822 | $1,413 | $2,424 | $0 |
| Taxes paid | $178 | $256 | $970 | $2,030 | $3,631 | $5,705 | $0 |
| Mortgage interest paid | $234 | $400 | $1,345 | $3,541 | $5,676 | $6,016 | $0 |
| Contributions | $0 | $58 | $294 | $407 | $1,245 | $1,927 | $0 |
| Taxable income | $212 | $4,011 | $18,094 | $39,966 | $58,061 | $91,705 | $331,631 |
| Total tax credits | $0 | $42 | $233 | $581 | $810 | $461 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $8 | $175 | $439 | $525 | $357 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $31 | $27 | $0 | $0 |
| Earned income credit | $141 | $561 | $179 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $123 | $493 | $154 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $20 | $381 | $1,939 | $4,833 | $7,333 | $15,296 | $90,781 |
| Total tax liability | $77 | $496 | $2,047 | $4,946 | $7,519 | $15,867 | $90,889 |
| Tax due at time of filing | $15 | $55 | $86 | $189 | $259 | $1,831 | $0 |
| Overpayments refunded | $-590 | $-1,472 | $-1,946 | $-2,537 | $-2,811 | $-2,526 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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