IRS Income Data for Cambridge, IA 50046
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 14% | 22% | 20% | 14% | 13% | 2% |
| Number of returns | 106 | 95 | 154 | 137 | 94 | 88 | 15 |
| Number of joint returns | 15 | 19 | 61 | 108 | 88 | 86 | 13 |
| Number of returns from paid preparer | 56 | 55 | 97 | 83 | 63 | 64 | 14 |
| Total number of exemptions | 87 | 131 | 306 | 372 | 274 | 282 | 50 |
| Total number of dependents | 12 | 18 | 48 | 59 | 49 | 48 | 10 |
| Adjusted gross income | $1,742 | $17,558 | $37,263 | $61,831 | $85,138 | $128,039 | $425,056 |
| Salaries and wages | $5,387 | $11,583 | $29,603 | $48,633 | $67,742 | $103,290 | $234,324 |
| Taxable interest | $155 | $667 | $739 | $762 | $1,502 | $1,793 | $3,139 |
| Ordinary dividends | $143 | $0 | $160 | $255 | $627 | $3,150 | $3,802 |
| Business or professional net income | $173 | $501 | $923 | $2,418 | $2,978 | $4,062 | $0 |
| Net capital gain | $-31 | $0 | $11 | $-6 | $-54 | $2,166 | $0 |
| Taxable individual retirement account distributions | $0 | $0 | $1,135 | $1,834 | $1,935 | $5,210 | $0 |
| Taxable pensions and annuities | $0 | $3,596 | $3,050 | $3,584 | $4,004 | $2,793 | $0 |
| Unemployment compensation | $0 | $0 | $757 | $290 | $337 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,166 | $2,872 | $4,669 | $0 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $3,245 | $5,361 | $9,416 | $12,148 | $24,691 | $48,015 |
| State and local income taxes | $137 | $0 | $641 | $1,430 | $2,342 | $8,522 | $23,936 |
| State and local general sales tax | $0 | $125 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $221 | $0 | $574 | $992 | $1,352 | $2,880 | $3,783 |
| Taxes paid | $0 | $532 | $1,320 | $2,577 | $3,854 | $11,729 | $28,082 |
| Mortgage interest paid | $0 | $0 | $2,089 | $3,492 | $5,035 | $9,199 | $14,273 |
| Contributions | $0 | $0 | $370 | $907 | $1,472 | $2,832 | $7,871 |
| Taxable income | $462 | $5,685 | $19,746 | $37,705 | $58,440 | $91,903 | $367,306 |
| Total tax credits | $0 | $80 | $373 | $961 | $1,062 | $934 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $198 | $660 | $699 | $448 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $100 | $65 | $122 | $0 |
| Earned income credit | $250 | $561 | $151 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $230 | $505 | $108 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $406 | $0 |
| Income tax | $44 | $533 | $2,089 | $4,224 | $7,095 | $14,691 | $97,754 |
| Total tax liability | $121 | $710 | $2,418 | $4,688 | $7,926 | $15,810 | $101,387 |
| Tax due at time of filing | $39 | $81 | $251 | $457 | $884 | $2,705 | $0 |
| Overpayments refunded | $-580 | $-1,565 | $-2,082 | $-2,388 | $-2,036 | $-3,318 | $0 |
| Total Tax Liability / AGI | 7% | 4% | 6% | 8% | 9% | 12% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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