IRS Income Data for Montezuma, IA 50171
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 20% | 25% | 17% | 11% | 8% | 2% |
| Number of returns | 230 | 271 | 335 | 227 | 143 | 112 | 32 |
| Number of joint returns | 22 | 56 | 151 | 187 | 128 | 107 | 29 |
| Number of returns from paid preparer | 155 | 188 | 270 | 184 | 115 | 89 | 29 |
| Total number of exemptions | 224 | 416 | 677 | 558 | 397 | 297 | 80 |
| Total number of dependents | 30 | 64 | 110 | 86 | 62 | 47 | 0 |
| Adjusted gross income | $2,444 | $17,880 | $36,915 | $62,286 | $85,932 | $125,829 | $605,237 |
| Salaries and wages | $4,410 | $12,345 | $28,213 | $44,594 | $65,941 | $79,732 | $118,381 |
| Taxable interest | $260 | $587 | $1,075 | $1,359 | $2,367 | $2,098 | $12,764 |
| Ordinary dividends | $117 | $260 | $473 | $916 | $1,267 | $1,249 | $6,395 |
| Business or professional net income | $2 | $906 | $594 | $2,190 | $963 | $2,776 | $0 |
| Net capital gain | $-79 | $96 | $590 | $809 | $562 | $4,436 | $103,618 |
| Taxable individual retirement account distributions | $145 | $614 | $866 | $1,404 | $458 | $2,444 | $0 |
| Taxable pensions and annuities | $0 | $1,962 | $2,672 | $5,327 | $5,726 | $9,543 | $0 |
| Unemployment compensation | $0 | $430 | $613 | $632 | $613 | $0 | $0 |
| Taxable Social Security benefits | $0 | $134 | $1,463 | $3,257 | $3,472 | $4,261 | $9,827 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $2,489 | $4,236 | $6,061 | $8,724 | $18,275 | $50,267 |
| State and local income taxes | $0 | $37 | $435 | $1,043 | $1,840 | $4,564 | $23,428 |
| State and local general sales tax | $0 | $57 | $87 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $163 | $324 | $501 | $793 | $1,538 | $2,729 |
| Taxes paid | $0 | $259 | $860 | $1,658 | $2,746 | $6,400 | $26,613 |
| Mortgage interest paid | $0 | $407 | $1,121 | $1,919 | $3,661 | $5,874 | $6,409 |
| Contributions | $0 | $143 | $539 | $665 | $866 | $1,941 | $5,764 |
| Taxable income | $251 | $5,624 | $19,291 | $40,384 | $61,174 | $95,006 | $545,693 |
| Total tax credits | $0 | $87 | $406 | $754 | $1,239 | $520 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $41 | $231 | $437 | $650 | $336 | $0 |
| Child and dependent care credit | $0 | $0 | $28 | $51 | $87 | $34 | $0 |
| Earned income credit | $320 | $613 | $149 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $293 | $515 | $127 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,076 |
| Income tax | $24 | $527 | $1,910 | $4,574 | $7,479 | $15,549 | $148,721 |
| Total tax liability | $129 | $750 | $2,167 | $5,171 | $7,986 | $16,875 | $151,778 |
| Tax due at time of filing | $60 | $118 | $188 | $445 | $550 | $3,408 | $21,820 |
| Overpayments refunded | $-652 | $-1,525 | $-2,056 | $-1,832 | $-2,397 | $-2,031 | $0 |
| Total Tax Liability / AGI | 5% | 4% | 6% | 8% | 9% | 13% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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