IRS Income Data for Polk City, IA 50226
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 11% | 19% | 15% | 14% | 23% | 4% |
| Number of returns | 290 | 216 | 372 | 310 | 274 | 466 | 74 |
| Number of joint returns | 17 | 36 | 115 | 213 | 239 | 441 | 70 |
| Number of returns from paid preparer | 119 | 108 | 203 | 198 | 155 | 267 | 56 |
| Total number of exemptions | 166 | 260 | 674 | 819 | 813 | 1,502 | 233 |
| Total number of dependents | 19 | 32 | 111 | 155 | 150 | 300 | 47 |
| Adjusted gross income | $3,442 | $16,768 | $37,253 | $62,416 | $87,540 | $131,990 | $334,154 |
| Salaries and wages | $5,217 | $12,928 | $30,843 | $52,074 | $74,771 | $114,910 | $221,058 |
| Taxable interest | $227 | $574 | $928 | $597 | $379 | $907 | $7,048 |
| Ordinary dividends | $89 | $255 | $362 | $474 | $569 | $1,047 | $4,125 |
| Business or professional net income | $345 | $505 | $1,009 | $2,123 | $2,088 | $2,019 | $4,615 |
| Net capital gain | $-65 | $-53 | $-6 | $59 | $12 | $1,210 | $19,516 |
| Taxable individual retirement account distributions | $0 | $628 | $680 | $1,459 | $659 | $1,386 | $0 |
| Taxable pensions and annuities | $358 | $2,056 | $2,613 | $2,812 | $4,961 | $4,746 | $8,463 |
| Unemployment compensation | $0 | $302 | $334 | $413 | $183 | $132 | $0 |
| Taxable Social Security benefits | $0 | $95 | $850 | $1,543 | $1,717 | $1,816 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $356 | $0 |
| Total itemized deductions | $1,299 | $2,416 | $5,418 | $10,423 | $15,442 | $25,348 | $51,798 |
| State and local income taxes | $0 | $162 | $614 | $1,778 | $3,301 | $6,803 | $19,639 |
| State and local general sales tax | $0 | $0 | $70 | $0 | $0 | $0 | $0 |
| Real estate taxes | $220 | $316 | $854 | $1,551 | $2,267 | $3,535 | $6,337 |
| Taxes paid | $416 | $466 | $1,565 | $3,531 | $5,794 | $10,782 | $26,708 |
| Mortgage interest paid | $0 | $765 | $2,468 | $4,585 | $7,134 | $10,005 | $14,613 |
| Contributions | $0 | $290 | $372 | $958 | $1,373 | $2,688 | $6,374 |
| Taxable income | $436 | $6,062 | $20,724 | $38,902 | $59,202 | $94,966 | $272,591 |
| Total tax credits | $0 | $79 | $410 | $1,043 | $1,276 | $789 | $187 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $219 | $697 | $917 | $543 | $0 |
| Child and dependent care credit | $0 | $0 | $40 | $65 | $102 | $77 | $0 |
| Earned income credit | $126 | $435 | $116 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $105 | $406 | $90 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $59 | $3,584 |
| Income tax | $45 | $586 | $2,220 | $4,364 | $7,301 | $15,772 | $71,139 |
| Total tax liability | $104 | $674 | $2,467 | $4,881 | $7,902 | $16,396 | $72,623 |
| Tax due at time of filing | $29 | $80 | $159 | $389 | $527 | $865 | $6,549 |
| Overpayments refunded | $-642 | $-1,318 | $-1,947 | $-2,583 | $-2,754 | $-3,097 | $-3,439 |
| Total Tax Liability / AGI | 3% | 4% | 7% | 8% | 9% | 12% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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