IRS Income Data for Beloit, WI 53511
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 26% | 27% | 14% | 7% | 5% | 1% |
| Number of returns | 4,446 | 5,575 | 5,771 | 2,993 | 1,551 | 1,169 | 167 |
| Number of joint returns | 403 | 1,068 | 2,062 | 2,031 | 1,375 | 1,064 | 145 |
| Number of returns from paid preparer | 2,411 | 3,664 | 3,742 | 2,006 | 990 | 795 | 141 |
| Total number of exemptions | 5,266 | 11,060 | 12,698 | 7,621 | 4,355 | 3,321 | 462 |
| Total number of dependents | 928 | 2,316 | 2,347 | 1,296 | 738 | 576 | 79 |
| Adjusted gross income | $4,175 | $17,086 | $35,804 | $61,359 | $85,766 | $126,558 | $504,070 |
| Salaries and wages | $3,978 | $12,815 | $29,406 | $49,710 | $69,926 | $93,008 | $222,564 |
| Taxable interest | $217 | $386 | $490 | $892 | $957 | $2,517 | $15,540 |
| Ordinary dividends | $105 | $182 | $268 | $477 | $653 | $2,833 | $16,095 |
| Business or professional net income | $-71 | $613 | $363 | $637 | $830 | $1,770 | $12,098 |
| Net capital gain | $6 | $23 | $87 | $203 | $354 | $2,453 | $52,990 |
| Taxable individual retirement account distributions | $181 | $597 | $843 | $1,552 | $2,081 | $4,354 | $9,462 |
| Taxable pensions and annuities | $491 | $1,775 | $2,686 | $4,529 | $6,769 | $12,206 | $9,228 |
| Unemployment compensation | $177 | $715 | $780 | $790 | $544 | $459 | $272 |
| Taxable Social Security benefits | $0 | $80 | $883 | $2,400 | $2,948 | $3,662 | $4,982 |
| Self-employment retirement plans | $0 | $0 | $0 | $27 | $0 | $206 | $2,132 |
| Total itemized deductions | $543 | $1,187 | $3,571 | $8,016 | $13,036 | $20,228 | $51,492 |
| State and local income taxes | $32 | $67 | $487 | $1,656 | $3,320 | $6,440 | $25,301 |
| State and local general sales tax | $6 | $12 | $11 | $9 | $9 | $0 | $0 |
| Real estate taxes | $103 | $198 | $561 | $1,328 | $2,123 | $3,282 | $5,909 |
| Taxes paid | $144 | $292 | $1,078 | $3,031 | $5,504 | $9,822 | $32,089 |
| Mortgage interest paid | $204 | $316 | $1,136 | $2,840 | $4,524 | $5,784 | $7,904 |
| Contributions | $21 | $103 | $299 | $832 | $1,392 | $2,689 | $7,994 |
| Taxable income | $195 | $4,137 | $18,563 | $39,082 | $59,272 | $95,007 | $443,837 |
| Total tax credits | $0 | $73 | $393 | $729 | $980 | $557 | $200 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $39 | $286 | $567 | $622 | $396 | $0 |
| Child and dependent care credit | $0 | $5 | $14 | $21 | $28 | $28 | $0 |
| Earned income credit | $443 | $1,096 | $226 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $406 | $1,000 | $193 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $60 | $3,914 |
| Income tax | $19 | $370 | $1,906 | $4,697 | $7,511 | $15,866 | $109,308 |
| Total tax liability | $77 | $497 | $2,005 | $4,889 | $7,794 | $16,498 | $110,836 |
| Tax due at time of filing | $13 | $46 | $108 | $268 | $315 | $1,236 | $17,037 |
| Overpayments refunded | $-759 | $-2,151 | $-2,145 | $-2,341 | $-2,776 | $-2,674 | $-5,445 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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