IRS Income Data for Houghton, MI 49931
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 32% | 22% | 16% | 11% | 8% | 9% | 2% |
| Number of returns | 947 | 646 | 484 | 342 | 251 | 272 | 53 |
| Number of joint returns | 41 | 92 | 185 | 227 | 213 | 245 | 48 |
| Number of returns from paid preparer | 244 | 234 | 249 | 166 | 122 | 141 | 41 |
| Total number of exemptions | 719 | 850 | 911 | 815 | 675 | 803 | 156 |
| Total number of dependents | 64 | 85 | 124 | 136 | 104 | 147 | 29 |
| Adjusted gross income | $4,025 | $16,519 | $36,198 | $62,458 | $86,363 | $130,671 | $356,970 |
| Salaries and wages | $3,942 | $13,358 | $25,427 | $45,108 | $62,396 | $98,362 | $178,288 |
| Taxable interest | $117 | $391 | $1,260 | $1,735 | $1,882 | $2,837 | $5,036 |
| Ordinary dividends | $134 | $449 | $999 | $1,837 | $3,352 | $3,295 | $7,563 |
| Business or professional net income | $76 | $436 | $1,083 | $502 | $2,025 | $6,677 | $8,426 |
| Net capital gain | $-37 | $20 | $10 | $474 | $1,237 | $2,855 | $20,649 |
| Taxable individual retirement account distributions | $80 | $325 | $1,019 | $1,634 | $1,876 | $5,095 | $0 |
| Taxable pensions and annuities | $264 | $1,676 | $4,879 | $7,500 | $8,993 | $7,077 | $0 |
| Unemployment compensation | $0 | $305 | $483 | $395 | $353 | $0 | $0 |
| Taxable Social Security benefits | $0 | $60 | $1,495 | $3,681 | $4,251 | $4,209 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $989 | $0 |
| Total itemized deductions | $462 | $1,048 | $3,012 | $6,081 | $9,838 | $18,023 | $44,513 |
| State and local income taxes | $342 | $373 | $310 | $729 | $1,641 | $4,316 | $13,972 |
| State and local general sales tax | $0 | $8 | $64 | $47 | $161 | $0 | $0 |
| Real estate taxes | $0 | $111 | $363 | $958 | $1,960 | $3,156 | $6,312 |
| Taxes paid | $358 | $503 | $763 | $1,821 | $3,807 | $7,765 | $20,681 |
| Mortgage interest paid | $0 | $181 | $740 | $2,043 | $3,247 | $5,482 | $8,862 |
| Contributions | $0 | $81 | $360 | $1,005 | $1,452 | $2,816 | $5,659 |
| Taxable income | $388 | $6,167 | $20,317 | $41,208 | $61,662 | $99,693 | $303,450 |
| Total tax credits | $1 | $81 | $286 | $664 | $918 | $650 | $191 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $11 | $177 | $470 | $542 | $404 | $0 |
| Child and dependent care credit | $0 | $0 | $13 | $28 | $40 | $39 | $0 |
| Earned income credit | $146 | $407 | $119 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $139 | $376 | $97 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $56 | $0 | $0 | $2,777 |
| Income tax | $36 | $569 | $2,204 | $5,080 | $7,750 | $16,985 | $72,445 |
| Total tax liability | $58 | $666 | $2,460 | $5,225 | $8,160 | $17,838 | $74,259 |
| Tax due at time of filing | $11 | $50 | $189 | $319 | $382 | $1,364 | $3,555 |
| Overpayments refunded | $-428 | $-1,325 | $-1,734 | $-2,113 | $-2,732 | $-2,906 | $-3,849 |
| Total Tax Liability / AGI | 1% | 4% | 7% | 8% | 9% | 14% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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