IRS Income Data for Merrill, IA 51038
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 19% | 25% | 18% | 11% | 8% | 0% |
| Number of returns | 147 | 146 | 191 | 141 | 83 | 61 | 0 |
| Number of joint returns | 21 | 31 | 86 | 110 | 69 | 56 | 0 |
| Number of returns from paid preparer | 101 | 106 | 143 | 115 | 73 | 56 | 0 |
| Total number of exemptions | 112 | 215 | 388 | 381 | 257 | 192 | 0 |
| Total number of dependents | 14 | 29 | 61 | 70 | 55 | 36 | 0 |
| Adjusted gross income | $2,734 | $17,790 | $37,759 | $62,354 | $85,551 | $143,168 | |
| Salaries and wages | $5,751 | $11,879 | $30,913 | $49,102 | $69,438 | $65,085 | |
| Taxable interest | $298 | $1,187 | $992 | $1,364 | $861 | $3,561 | |
| Ordinary dividends | $16 | $231 | $353 | $189 | $298 | $765 | |
| Business or professional net income | $106 | $755 | $554 | $925 | $7 | $2,745 | |
| Net capital gain | $12 | $147 | $202 | $393 | $-19 | $786 | |
| Taxable individual retirement account distributions | $0 | $1,184 | $1,124 | $930 | $0 | $0 | |
| Taxable pensions and annuities | $191 | $1,840 | $2,161 | $3,880 | $2,621 | $0 | |
| Unemployment compensation | $0 | $313 | $125 | $181 | $825 | $0 | |
| Taxable Social Security benefits | $0 | $84 | $1,099 | $2,386 | $0 | $4,035 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,952 | $3,598 | $4,760 | $8,084 | $11,826 | |
| State and local income taxes | $116 | $0 | $426 | $827 | $2,164 | $3,842 | |
| State and local general sales tax | $0 | $92 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $113 | $214 | $363 | $814 | $832 | |
| Taxes paid | $0 | $320 | $718 | $1,283 | $3,115 | $4,886 | |
| Mortgage interest paid | $0 | $0 | $993 | $1,702 | $3,095 | $3,321 | |
| Contributions | $0 | $235 | $333 | $570 | $806 | $2,473 | |
| Taxable income | $675 | $5,690 | $20,630 | $40,571 | $61,211 | $115,903 | |
| Total tax credits | $0 | $72 | $400 | $968 | $1,444 | $493 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $261 | $663 | $866 | $410 | |
| Child and dependent care credit | $0 | $0 | $28 | $51 | $165 | $0 | |
| Earned income credit | $197 | $553 | $128 | $0 | $0 | $0 | |
| Excess earned income credit | $178 | $435 | $95 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $72 | $536 | $2,169 | $4,526 | $7,566 | $20,613 | |
| Total tax liability | $438 | $785 | $2,466 | $4,930 | $8,252 | $24,149 | |
| Tax due at time of filing | $208 | $165 | $259 | $855 | $1,691 | $12,018 | |
| Overpayments refunded | $-571 | $-1,410 | $-1,869 | $-2,026 | $-3,047 | $-955 | |
| Total Tax Liability / AGI | 16% | 4% | 7% | 8% | 10% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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