IRS Income Data for Menlo, IA 50164
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 20% | 27% | 20% | 11% | 8% | 0% |
| Number of returns | 42 | 61 | 83 | 61 | 33 | 23 | 0 |
| Number of joint returns | 0 | 25 | 38 | 41 | 30 | 20 | 0 |
| Number of returns from paid preparer | 27 | 43 | 56 | 45 | 26 | 20 | 0 |
| Total number of exemptions | 37 | 105 | 165 | 159 | 92 | 53 | 0 |
| Total number of dependents | 0 | 19 | 30 | 31 | 24 | 0 | 0 |
| Adjusted gross income | $1,005 | $17,767 | $35,486 | $61,362 | $84,257 | $156,369 | |
| Salaries and wages | $3,247 | $12,357 | $26,668 | $49,347 | $71,383 | $56,743 | |
| Taxable interest | $112 | $1,142 | $1,457 | $1,094 | $356 | $2,332 | |
| Ordinary dividends | $0 | $104 | $74 | $19 | $176 | $0 | |
| Business or professional net income | $0 | $499 | $1,210 | $610 | $0 | $0 | |
| Net capital gain | $0 | $0 | $677 | $0 | $1,089 | $0 | |
| Taxable individual retirement account distributions | $0 | $223 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $3,132 | $3,409 | $0 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $547 | $735 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $2,124 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $4,475 | $0 | $2,581 | $4,653 | $8,060 | $8,916 | |
| State and local income taxes | $0 | $0 | $275 | $736 | $1,877 | $3,894 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $368 | $368 | $642 | $680 | |
| Taxes paid | $0 | $0 | $748 | $1,171 | $2,626 | $4,827 | |
| Mortgage interest paid | $0 | $0 | $1,074 | $1,904 | $4,985 | $0 | |
| Contributions | $0 | $110 | $0 | $249 | $727 | $0 | |
| Taxable income | $0 | $4,932 | $18,740 | $40,385 | $60,032 | $133,593 | |
| Total tax credits | $0 | $133 | $283 | $1,025 | $1,111 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $210 | $620 | $636 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $118 | $0 | $0 | |
| Earned income credit | $0 | $828 | $204 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $928 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $402 | $2,012 | $4,398 | $7,303 | $22,226 | |
| Total tax liability | $162 | $584 | $2,316 | $5,066 | $8,299 | $26,179 | |
| Tax due at time of filing | $0 | $0 | $198 | $1,263 | $0 | $0 | |
| Overpayments refunded | $-586 | $-1,742 | $-1,842 | $-2,372 | $-2,626 | $0 | |
| Total Tax Liability / AGI | 16% | 3% | 7% | 8% | 10% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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