IRS Income Data for Milo, IA 50166
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 19% | 25% | 19% | 13% | 6% | 0% |
| Number of returns | 120 | 139 | 183 | 139 | 97 | 45 | 0 |
| Number of joint returns | 13 | 41 | 90 | 120 | 90 | 43 | 0 |
| Number of returns from paid preparer | 78 | 104 | 140 | 113 | 76 | 37 | 0 |
| Total number of exemptions | 82 | 231 | 409 | 401 | 306 | 140 | 0 |
| Total number of dependents | 0 | 37 | 76 | 76 | 65 | 26 | 0 |
| Adjusted gross income | $2,586 | $17,665 | $37,106 | $62,898 | $87,106 | $142,957 | |
| Salaries and wages | $5,516 | $11,690 | $31,316 | $52,344 | $74,923 | $91,162 | |
| Taxable interest | $264 | $1,050 | $387 | $704 | $323 | $703 | |
| Ordinary dividends | $104 | $269 | $164 | $487 | $443 | $913 | |
| Business or professional net income | $140 | $1,567 | $959 | $1,767 | $1,158 | $1,969 | |
| Net capital gain | $-26 | $170 | $82 | $905 | $286 | $15,025 | |
| Taxable individual retirement account distributions | $0 | $420 | $377 | $2,120 | $0 | $0 | |
| Taxable pensions and annuities | $621 | $2,033 | $1,921 | $3,179 | $2,605 | $0 | |
| Unemployment compensation | $0 | $0 | $423 | $517 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $69 | $1,088 | $2,395 | $2,389 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $3,094 | $3,502 | $7,315 | $11,951 | $16,482 | |
| State and local income taxes | $0 | $199 | $549 | $1,257 | $2,755 | $5,402 | |
| State and local general sales tax | $0 | $52 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $290 | $284 | $674 | $1,143 | $1,758 | |
| Taxes paid | $0 | $541 | $886 | $2,040 | $4,112 | $7,380 | |
| Mortgage interest paid | $0 | $0 | $1,340 | $3,325 | $4,869 | $6,156 | |
| Contributions | $0 | $133 | $202 | $539 | $727 | $1,601 | |
| Taxable income | $347 | $4,768 | $19,065 | $39,023 | $59,939 | $112,399 | |
| Total tax credits | $0 | $49 | $564 | $1,138 | $1,618 | $704 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $371 | $765 | $962 | $570 | |
| Child and dependent care credit | $0 | $0 | $43 | $87 | $108 | $0 | |
| Earned income credit | $148 | $697 | $183 | $0 | $0 | $0 | |
| Excess earned income credit | $133 | $552 | $156 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $34 | $462 | $1,717 | $3,879 | $6,650 | $17,643 | |
| Total tax liability | $107 | $718 | $2,002 | $4,305 | $7,154 | $18,927 | |
| Tax due at time of filing | $0 | $76 | $218 | $469 | $709 | $2,617 | |
| Overpayments refunded | $-724 | $-1,535 | $-2,087 | $-2,593 | $-3,336 | $-1,739 | |
| Total Tax Liability / AGI | 4% | 4% | 5% | 7% | 8% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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