IRS Income Data for Marshalltown, IA 50158
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 23% | 29% | 14% | 8% | 7% | 1% |
| Number of returns | 2,387 | 3,165 | 4,073 | 1,986 | 1,120 | 920 | 189 |
| Number of joint returns | 208 | 592 | 1,431 | 1,503 | 1,008 | 865 | 168 |
| Number of returns from paid preparer | 1,371 | 2,248 | 3,028 | 1,516 | 843 | 684 | 162 |
| Total number of exemptions | 2,447 | 5,504 | 8,881 | 5,398 | 3,029 | 2,617 | 501 |
| Total number of dependents | 379 | 1,028 | 1,704 | 887 | 481 | 416 | 75 |
| Adjusted gross income | $4,347 | $17,410 | $35,710 | $61,554 | $86,122 | $129,668 | $391,758 |
| Salaries and wages | $4,473 | $12,675 | $28,658 | $47,216 | $65,984 | $92,191 | $197,477 |
| Taxable interest | $262 | $660 | $783 | $1,522 | $1,851 | $3,365 | $12,624 |
| Ordinary dividends | $140 | $243 | $339 | $789 | $1,272 | $3,468 | $24,529 |
| Business or professional net income | $-182 | $500 | $596 | $973 | $1,545 | $3,292 | $20,058 |
| Net capital gain | $26 | $38 | $101 | $297 | $586 | $3,848 | $42,671 |
| Taxable individual retirement account distributions | $273 | $466 | $792 | $1,323 | $2,320 | $4,222 | $6,917 |
| Taxable pensions and annuities | $419 | $2,059 | $2,561 | $4,387 | $5,403 | $7,178 | $6,356 |
| Unemployment compensation | $132 | $508 | $528 | $366 | $176 | $156 | $0 |
| Taxable Social Security benefits | $0 | $100 | $1,030 | $3,222 | $3,869 | $4,468 | $5,614 |
| Self-employment retirement plans | $0 | $0 | $9 | $25 | $116 | $396 | $3,007 |
| Total itemized deductions | $954 | $1,657 | $3,195 | $5,911 | $10,362 | $19,790 | $52,079 |
| State and local income taxes | $34 | $54 | $303 | $919 | $2,207 | $5,728 | $27,308 |
| State and local general sales tax | $14 | $33 | $29 | $27 | $26 | $45 | $0 |
| Real estate taxes | $74 | $141 | $319 | $693 | $1,292 | $2,500 | $4,272 |
| Taxes paid | $129 | $241 | $690 | $1,738 | $3,674 | $8,557 | $32,073 |
| Mortgage interest paid | $147 | $224 | $817 | $1,845 | $3,427 | $5,394 | $6,829 |
| Contributions | $26 | $128 | $315 | $697 | $1,341 | $3,240 | $9,266 |
| Taxable income | $297 | $4,730 | $18,531 | $38,912 | $60,926 | $97,990 | $331,200 |
| Total tax credits | $1 | $90 | $438 | $887 | $955 | $548 | $188 |
| Residential energy tax credit | $0 | $0 | $0 | $8 | $0 | $0 | $0 |
| Child tax credit | $0 | $41 | $328 | $665 | $548 | $336 | $0 |
| Child and dependent care credit | $0 | $9 | $31 | $49 | $50 | $35 | $22 |
| Earned income credit | $345 | $874 | $251 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $320 | $816 | $217 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $44 | $4,714 |
| Income tax | $28 | $416 | $1,851 | $4,385 | $7,685 | $16,353 | $85,720 |
| Total tax liability | $112 | $523 | $2,011 | $4,676 | $8,140 | $17,207 | $88,761 |
| Tax due at time of filing | $39 | $48 | $137 | $380 | $677 | $1,817 | $12,501 |
| Overpayments refunded | $-681 | $-2,015 | $-2,263 | $-2,099 | $-2,220 | $-2,343 | $-4,833 |
| Total Tax Liability / AGI | 3% | 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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