IRS Income Data for Silver City, IA 51571
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 12% | 17% | 22% | 22% | 12% | 16% | 0% |
| Number of returns | 33 | 48 | 62 | 63 | 33 | 46 | 0 |
| Number of joint returns | 0 | 18 | 31 | 46 | 27 | 43 | 0 |
| Number of returns from paid preparer | 26 | 40 | 48 | 43 | 27 | 38 | 0 |
| Total number of exemptions | 30 | 68 | 130 | 168 | 77 | 131 | 0 |
| Total number of dependents | 12 | 0 | 19 | 26 | 10 | 20 | 0 |
| Adjusted gross income | $-2,359 | $16,517 | $37,995 | $62,506 | $84,385 | $158,598 | |
| Salaries and wages | $3,132 | $9,266 | $26,968 | $47,480 | $67,916 | $101,517 | |
| Taxable interest | $391 | $1,137 | $398 | $1,166 | $214 | $652 | |
| Ordinary dividends | $0 | $128 | $0 | $267 | $0 | $327 | |
| Business or professional net income | $0 | $2,044 | $0 | $0 | $0 | $0 | |
| Net capital gain | $-306 | $0 | $238 | $74 | $0 | $298 | |
| Taxable individual retirement account distributions | $0 | $463 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,651 | $2,644 | $6,416 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $655 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,450 | $3,122 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $7,350 | $7,447 | $11,071 | $17,468 | |
| State and local income taxes | $0 | $0 | $438 | $1,326 | $2,353 | $5,718 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $534 | $913 | $1,616 | $1,832 | |
| Taxes paid | $0 | $0 | $1,214 | $2,404 | $4,123 | $7,758 | |
| Mortgage interest paid | $0 | $0 | $1,911 | $3,364 | $5,545 | $5,158 | |
| Contributions | $0 | $0 | $165 | $827 | $560 | $1,608 | |
| Taxable income | $0 | $4,446 | $19,408 | $40,030 | $60,973 | $112,704 | |
| Total tax credits | $0 | $0 | $382 | $845 | $997 | $541 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $226 | $669 | $0 | $415 | |
| Child and dependent care credit | $0 | $0 | $0 | $211 | $0 | $0 | |
| Earned income credit | $0 | $674 | $0 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $482 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $441 | $2,024 | $4,608 | $8,085 | $23,759 | |
| Total tax liability | $371 | $812 | $2,661 | $5,012 | $8,554 | $25,343 | |
| Tax due at time of filing | $0 | $464 | $723 | $1,285 | $0 | $3,700 | |
| Overpayments refunded | $-295 | $-1,398 | $-1,689 | $-2,206 | $-2,577 | $-1,839 | |
| Total Tax Liability / AGI | -16% | 5% | 7% | 8% | 10% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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