IRS Income Data for Independence, WI 54747
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 25% | 35% | 13% | 7% | 3% | 0% |
| Number of returns | 228 | 329 | 463 | 178 | 88 | 44 | 0 |
| Number of joint returns | 47 | 76 | 159 | 141 | 75 | 37 | 0 |
| Number of returns from paid preparer | 181 | 244 | 358 | 150 | 70 | 39 | 0 |
| Total number of exemptions | 274 | 594 | 1,033 | 477 | 247 | 119 | 0 |
| Total number of dependents | 34 | 102 | 168 | 82 | 46 | 21 | 0 |
| Adjusted gross income | $2,013 | $17,909 | $36,187 | $61,950 | $85,502 | $156,612 | |
| Salaries and wages | $4,285 | $14,283 | $30,796 | $50,803 | $63,907 | $81,891 | |
| Taxable interest | $587 | $829 | $1,036 | $2,297 | $1,749 | $7,910 | |
| Ordinary dividends | $87 | $128 | $199 | $241 | $592 | $965 | |
| Business or professional net income | $469 | $497 | $769 | $1,319 | $404 | $0 | |
| Net capital gain | $846 | $391 | $726 | $1,054 | $3,793 | $8,191 | |
| Taxable individual retirement account distributions | $64 | $299 | $663 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $336 | $1,493 | $1,396 | $2,613 | $5,593 | $7,193 | |
| Unemployment compensation | $0 | $292 | $463 | $800 | $1,393 | $0 | |
| Taxable Social Security benefits | $0 | $37 | $653 | $1,707 | $3,142 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,007 | $2,847 | $7,769 | $13,448 | $24,104 | |
| State and local income taxes | $0 | $68 | $430 | $1,233 | $2,684 | $6,213 | |
| State and local general sales tax | $0 | $14 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $113 | $483 | $1,207 | $1,844 | $2,863 | |
| Taxes paid | $0 | $208 | $924 | $2,453 | $4,653 | $9,120 | |
| Mortgage interest paid | $0 | $0 | $856 | $2,125 | $3,860 | $3,800 | |
| Contributions | $0 | $0 | $216 | $428 | $1,400 | $1,674 | |
| Taxable income | $166 | $5,071 | $19,185 | $38,761 | $58,041 | $112,819 | |
| Total tax credits | $0 | $100 | $433 | $824 | $1,019 | $601 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $41 | $303 | $555 | $703 | $0 | |
| Child and dependent care credit | $0 | $0 | $25 | $0 | $84 | $0 | |
| Earned income credit | $317 | $668 | $137 | $0 | $0 | $0 | |
| Excess earned income credit | $229 | $584 | $110 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $15 | $450 | $1,894 | $4,270 | $6,946 | $20,972 | |
| Total tax liability | $186 | $644 | $2,128 | $4,676 | $7,474 | $23,264 | |
| Tax due at time of filing | $71 | $98 | $223 | $567 | $1,014 | $6,883 | |
| Overpayments refunded | $-536 | $-1,762 | $-2,078 | $-1,917 | $-2,387 | $-1,722 | |
| Total Tax Liability / AGI | 9% | 4% | 6% | 8% | 9% | 15% |
All numbers in the table are 2010 averages for that income class and zip code.
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