IRS Income Data for Lakeville, MN 55044
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 12% | 15% | 13% | 12% | 23% | 6% |
| Number of returns | 3,801 | 2,646 | 3,225 | 2,664 | 2,612 | 4,917 | 1,306 |
| Number of joint returns | 195 | 359 | 847 | 1,513 | 2,177 | 4,579 | 1,225 |
| Number of returns from paid preparer | 1,553 | 1,248 | 1,703 | 1,532 | 1,485 | 2,648 | 922 |
| Total number of exemptions | 1,926 | 3,624 | 5,865 | 6,517 | 7,868 | 16,587 | 4,534 |
| Total number of dependents | 225 | 581 | 1,047 | 1,265 | 1,538 | 3,425 | 943 |
| Adjusted gross income | $3,098 | $17,207 | $36,970 | $62,244 | $87,238 | $135,538 | $349,928 |
| Salaries and wages | $4,854 | $13,726 | $30,700 | $51,785 | $73,933 | $119,770 | $253,419 |
| Taxable interest | $598 | $450 | $476 | $762 | $1,235 | $1,257 | $5,417 |
| Ordinary dividends | $300 | $275 | $480 | $669 | $789 | $1,233 | $6,197 |
| Business or professional net income | $-318 | $1,051 | $1,442 | $2,032 | $1,961 | $2,451 | $9,510 |
| Net capital gain | $295 | $60 | $93 | $92 | $387 | $739 | $19,879 |
| Taxable individual retirement account distributions | $164 | $600 | $1,043 | $1,363 | $1,853 | $1,896 | $2,732 |
| Taxable pensions and annuities | $210 | $1,141 | $2,095 | $3,096 | $4,544 | $4,313 | $4,817 |
| Unemployment compensation | $46 | $354 | $455 | $563 | $445 | $257 | $80 |
| Taxable Social Security benefits | $0 | $87 | $856 | $1,816 | $1,970 | $1,155 | $1,112 |
| Self-employment retirement plans | $0 | $0 | $19 | $76 | $61 | $155 | $1,605 |
| Total itemized deductions | $1,789 | $3,127 | $7,758 | $15,486 | $21,024 | $29,796 | $57,394 |
| State and local income taxes | $112 | $153 | $724 | $2,259 | $3,747 | $7,238 | $23,531 |
| State and local general sales tax | $11 | $26 | $45 | $31 | $26 | $15 | $0 |
| Real estate taxes | $281 | $416 | $993 | $2,047 | $2,861 | $3,961 | $5,978 |
| Taxes paid | $415 | $617 | $1,830 | $4,470 | $6,823 | $11,467 | $29,868 |
| Mortgage interest paid | $798 | $1,323 | $3,757 | $7,867 | $10,350 | $13,650 | $18,655 |
| Contributions | $28 | $212 | $562 | $1,217 | $1,854 | $3,023 | $7,151 |
| Taxable income | $450 | $5,991 | $19,424 | $36,036 | $54,685 | $93,936 | $282,003 |
| Total tax credits | $1 | $113 | $356 | $772 | $1,214 | $680 | $507 |
| Residential energy tax credit | $0 | $0 | $0 | $4 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $206 | $578 | $874 | $527 | $0 |
| Child and dependent care credit | $0 | $7 | $30 | $42 | $61 | $65 | $55 |
| Earned income credit | $115 | $552 | $150 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $93 | $475 | $115 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $11 | $78 | $4,330 |
| Income tax | $43 | $551 | $2,114 | $4,279 | $6,621 | $15,749 | $73,691 |
| Total tax liability | $133 | $762 | $2,424 | $4,719 | $7,067 | $16,269 | $75,061 |
| Tax due at time of filing | $46 | $124 | $221 | $344 | $391 | $851 | $6,733 |
| Overpayments refunded | $-545 | $-1,493 | $-1,984 | $-2,618 | $-2,961 | $-3,208 | $-4,734 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 8% | 8% | 12% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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