IRS Income Data for Milwaukee, WI 53225
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 30% | 28% | 13% | 6% | 4% | 0% |
| Number of returns | 2,183 | 3,506 | 3,200 | 1,457 | 745 | 487 | 28 |
| Number of joint returns | 97 | 277 | 577 | 778 | 589 | 437 | 20 |
| Number of returns from paid preparer | 1,005 | 2,010 | 1,585 | 749 | 378 | 258 | 25 |
| Total number of exemptions | 2,862 | 7,163 | 6,421 | 3,546 | 2,017 | 1,419 | 65 |
| Total number of dependents | 626 | 1,836 | 1,376 | 658 | 362 | 261 | 0 |
| Adjusted gross income | $4,730 | $17,142 | $35,284 | $61,102 | $85,817 | $123,564 | $303,311 |
| Salaries and wages | $4,109 | $13,955 | $30,699 | $50,619 | $70,732 | $95,889 | $98,703 |
| Taxable interest | $152 | $294 | $448 | $915 | $1,079 | $1,993 | $9,613 |
| Ordinary dividends | $84 | $153 | $312 | $510 | $1,300 | $2,683 | $5,477 |
| Business or professional net income | $270 | $771 | $245 | $576 | $1,082 | $3,171 | $0 |
| Net capital gain | $-46 | $17 | $13 | $170 | $252 | $1,488 | $55,975 |
| Taxable individual retirement account distributions | $140 | $342 | $544 | $1,180 | $1,968 | $2,524 | $0 |
| Taxable pensions and annuities | $420 | $1,293 | $2,087 | $4,432 | $6,043 | $10,340 | $35,613 |
| Unemployment compensation | $206 | $585 | $452 | $454 | $268 | $244 | $0 |
| Taxable Social Security benefits | $0 | $55 | $685 | $2,247 | $2,754 | $3,255 | $6,521 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $596 | $1,095 | $4,035 | $10,134 | $15,767 | $22,977 | $40,745 |
| State and local income taxes | $23 | $54 | $508 | $1,993 | $3,829 | $6,656 | $17,827 |
| State and local general sales tax | $5 | $10 | $11 | $9 | $20 | $0 | $0 |
| Real estate taxes | $115 | $207 | $723 | $1,894 | $2,718 | $3,819 | $4,995 |
| Taxes paid | $157 | $274 | $1,283 | $3,952 | $6,630 | $10,680 | $23,068 |
| Mortgage interest paid | $171 | $313 | $1,384 | $3,681 | $5,666 | $6,821 | $6,568 |
| Contributions | $34 | $106 | $442 | $1,196 | $1,878 | $2,830 | $6,755 |
| Taxable income | $156 | $4,130 | $19,053 | $38,575 | $58,430 | $89,662 | $255,073 |
| Total tax credits | $0 | $118 | $484 | $758 | $881 | $665 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $59 | $317 | $545 | $630 | $470 | $0 |
| Child and dependent care credit | $0 | $5 | $26 | $28 | $49 | $58 | $0 |
| Earned income credit | $670 | $1,732 | $340 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $623 | $1,619 | $298 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $56 | $3,024 |
| Income tax | $15 | $325 | $1,915 | $4,739 | $7,685 | $14,643 | $57,641 |
| Total tax liability | $81 | $467 | $2,011 | $4,932 | $7,975 | $15,231 | $59,480 |
| Tax due at time of filing | $14 | $47 | $146 | $331 | $497 | $1,147 | $0 |
| Overpayments refunded | $-961 | $-2,847 | $-2,140 | $-2,366 | $-2,295 | $-2,487 | $-4,597 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 12% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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