IRS Income Data for Center City, MN 55012
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 16% | 18% | 18% | 12% | 14% | 2% |
| Number of returns | 180 | 150 | 171 | 173 | 115 | 133 | 15 |
| Number of joint returns | 17 | 32 | 76 | 118 | 98 | 121 | 14 |
| Number of returns from paid preparer | 85 | 96 | 114 | 116 | 85 | 93 | 10 |
| Total number of exemptions | 133 | 220 | 351 | 443 | 319 | 391 | 45 |
| Total number of dependents | 13 | 34 | 60 | 73 | 47 | 80 | 0 |
| Adjusted gross income | $2,715 | $17,330 | $36,636 | $62,138 | $85,870 | $130,586 | $385,796 |
| Salaries and wages | $5,183 | $11,643 | $29,802 | $50,431 | $62,931 | $106,261 | $195,257 |
| Taxable interest | $130 | $834 | $785 | $996 | $570 | $2,440 | $2,340 |
| Ordinary dividends | $105 | $435 | $507 | $356 | $622 | $1,811 | $0 |
| Business or professional net income | $-226 | $642 | $1,697 | $280 | $374 | $388 | $0 |
| Net capital gain | $-66 | $2 | $92 | $-90 | $678 | $1,246 | $0 |
| Taxable individual retirement account distributions | $0 | $1,108 | $808 | $937 | $3,528 | $2,590 | $0 |
| Taxable pensions and annuities | $485 | $2,219 | $3,082 | $5,639 | $9,063 | $8,534 | $0 |
| Unemployment compensation | $0 | $481 | $822 | $870 | $971 | $0 | $0 |
| Taxable Social Security benefits | $0 | $248 | $773 | $2,503 | $3,933 | $2,702 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,377 | $2,829 | $7,102 | $11,769 | $17,087 | $27,477 | $69,003 |
| State and local income taxes | $0 | $157 | $828 | $1,834 | $3,124 | $6,840 | $31,232 |
| State and local general sales tax | $0 | $87 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $170 | $444 | $944 | $1,334 | $2,215 | $3,235 | $4,574 |
| Taxes paid | $233 | $659 | $1,931 | $3,276 | $5,587 | $10,335 | $35,993 |
| Mortgage interest paid | $653 | $1,236 | $3,775 | $5,789 | $7,750 | $12,073 | $16,678 |
| Contributions | $0 | $245 | $456 | $1,137 | $1,258 | $2,595 | $4,109 |
| Taxable income | $366 | $5,322 | $17,731 | $37,275 | $56,851 | $92,256 | $308,365 |
| Total tax credits | $0 | $79 | $345 | $686 | $905 | $462 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $246 | $521 | $659 | $390 | $0 |
| Child and dependent care credit | $0 | $0 | $31 | $0 | $68 | $40 | $0 |
| Earned income credit | $119 | $660 | $176 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $95 | $544 | $135 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,135 |
| Income tax | $30 | $476 | $1,790 | $4,477 | $7,321 | $15,562 | $79,599 |
| Total tax liability | $133 | $697 | $2,151 | $4,598 | $7,873 | $15,960 | $81,527 |
| Tax due at time of filing | $40 | $82 | $265 | $230 | $711 | $1,393 | $0 |
| Overpayments refunded | $-475 | $-1,551 | $-2,167 | $-2,355 | $-2,497 | $-2,507 | $0 |
| Total Tax Liability / AGI | 5% | 4% | 6% | 7% | 9% | 12% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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