IRS Income Data for Ely, IA 52227
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 13% | 15% | 20% | 15% | 16% | 19% | 2% |
| Number of returns | 146 | 164 | 214 | 163 | 176 | 203 | 26 |
| Number of joint returns | 0 | 30 | 59 | 106 | 164 | 187 | 23 |
| Number of returns from paid preparer | 64 | 94 | 134 | 96 | 108 | 120 | 19 |
| Total number of exemptions | 72 | 209 | 353 | 427 | 553 | 655 | 77 |
| Total number of dependents | 0 | 31 | 51 | 80 | 116 | 132 | 13 |
| Adjusted gross income | $3,486 | $16,698 | $36,903 | $62,297 | $87,684 | $123,907 | $464,597 |
| Salaries and wages | $3,968 | $11,661 | $31,464 | $53,099 | $78,294 | $107,280 | $203,258 |
| Taxable interest | $316 | $569 | $963 | $1,296 | $950 | $1,711 | $9,554 |
| Ordinary dividends | $201 | $255 | $324 | $147 | $481 | $507 | $639 |
| Business or professional net income | $177 | $1,169 | $209 | $2,135 | $1,379 | $3,454 | $0 |
| Net capital gain | $-5 | $-153 | $81 | $235 | $-3 | $121 | $30,665 |
| Taxable individual retirement account distributions | $0 | $422 | $616 | $0 | $615 | $2,993 | $0 |
| Taxable pensions and annuities | $0 | $1,911 | $2,340 | $3,202 | $3,435 | $4,372 | $0 |
| Unemployment compensation | $0 | $556 | $375 | $271 | $179 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,055 | $1,589 | $1,666 | $1,106 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,802 | $3,399 | $9,295 | $14,764 | $20,972 | $58,234 |
| State and local income taxes | $0 | $71 | $402 | $1,701 | $3,142 | $5,778 | $32,874 |
| State and local general sales tax | $0 | $43 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $241 | $490 | $1,242 | $1,985 | $2,744 | $3,503 |
| Taxes paid | $0 | $395 | $952 | $3,078 | $5,322 | $9,009 | $36,753 |
| Mortgage interest paid | $0 | $396 | $1,629 | $4,401 | $6,587 | $8,274 | $7,731 |
| Contributions | $0 | $233 | $251 | $757 | $1,063 | $2,603 | $8,908 |
| Taxable income | $359 | $5,609 | $21,880 | $39,056 | $59,099 | $90,643 | $396,692 |
| Total tax credits | $0 | $107 | $350 | $1,005 | $1,398 | $1,030 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $208 | $806 | $1,012 | $778 | $0 |
| Child and dependent care credit | $0 | $0 | $45 | $47 | $122 | $103 | $0 |
| Earned income credit | $85 | $453 | $86 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $78 | $376 | $74 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $1,609 |
| Income tax | $33 | $500 | $2,445 | $4,464 | $6,961 | $14,650 | $107,052 |
| Total tax liability | $79 | $719 | $2,627 | $4,950 | $7,237 | $15,420 | $110,079 |
| Tax due at time of filing | $23 | $156 | $139 | $386 | $261 | $1,079 | $9,845 |
| Overpayments refunded | $-368 | $-1,411 | $-1,867 | $-2,895 | $-3,032 | $-3,063 | $0 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 8% | 8% | 12% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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