IRS Income Data for Long Lake, MN 55356
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 11% | 15% | 10% | 8% | 15% | 19% |
| Number of returns | 581 | 273 | 379 | 261 | 218 | 394 | 487 |
| Number of joint returns | 51 | 39 | 115 | 146 | 157 | 333 | 440 |
| Number of returns from paid preparer | 346 | 157 | 228 | 175 | 147 | 286 | 404 |
| Total number of exemptions | 362 | 335 | 664 | 592 | 539 | 1,133 | 1,705 |
| Total number of dependents | 42 | 41 | 91 | 95 | 92 | 190 | 343 |
| Adjusted gross income | $1,823 | $16,679 | $36,761 | $61,717 | $87,089 | $139,796 | $1,006,618 |
| Salaries and wages | $7,819 | $11,548 | $28,334 | $45,767 | $59,441 | $97,489 | $536,647 |
| Taxable interest | $1,523 | $911 | $1,111 | $1,585 | $2,388 | $3,142 | $34,921 |
| Ordinary dividends | $2,796 | $835 | $1,636 | $2,651 | $3,631 | $4,935 | $43,511 |
| Business or professional net income | $-1,663 | $1,409 | $1,044 | $559 | $4,150 | $7,914 | $17,857 |
| Net capital gain | $683 | $83 | $212 | $9 | $1,242 | $2,972 | $251,263 |
| Taxable individual retirement account distributions | $483 | $750 | $1,844 | $2,672 | $4,439 | $6,013 | $5,420 |
| Taxable pensions and annuities | $226 | $1,776 | $2,923 | $4,404 | $5,347 | $7,290 | $5,379 |
| Unemployment compensation | $0 | $205 | $350 | $360 | $442 | $343 | $0 |
| Taxable Social Security benefits | $0 | $239 | $1,425 | $3,406 | $3,894 | $3,590 | $2,017 |
| Self-employment retirement plans | $0 | $0 | $0 | $218 | $0 | $589 | $3,358 |
| Total itemized deductions | $9,198 | $3,160 | $9,445 | $16,261 | $26,049 | $42,345 | $148,644 |
| State and local income taxes | $611 | $186 | $1,274 | $2,375 | $4,986 | $8,205 | $69,409 |
| State and local general sales tax | $10 | $30 | $45 | $0 | $104 | $0 | $0 |
| Real estate taxes | $1,075 | $600 | $1,455 | $2,427 | $3,521 | $5,765 | $13,850 |
| Taxes paid | $1,707 | $831 | $2,817 | $4,922 | $8,739 | $14,292 | $84,014 |
| Mortgage interest paid | $2,414 | $919 | $3,533 | $7,631 | $11,113 | $14,701 | $26,710 |
| Contributions | $25 | $264 | $764 | $1,098 | $2,798 | $3,771 | $28,718 |
| Taxable income | $529 | $5,399 | $19,108 | $35,936 | $51,955 | $93,422 | $848,865 |
| Total tax credits | $5 | $70 | $236 | $515 | $769 | $497 | $1,870 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $142 | $369 | $407 | $260 | $0 |
| Child and dependent care credit | $0 | $0 | $12 | $23 | $36 | $41 | $35 |
| Earned income credit | $81 | $301 | $100 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $65 | $215 | $63 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $370 | $11,234 |
| Income tax | $63 | $504 | $2,192 | $4,502 | $6,859 | $16,080 | $234,177 |
| Total tax liability | $223 | $726 | $2,645 | $5,013 | $7,765 | $17,337 | $238,160 |
| Tax due at time of filing | $48 | $170 | $373 | $365 | $877 | $2,096 | $25,984 |
| Overpayments refunded | $-1,378 | $-1,087 | $-1,868 | $-2,594 | $-3,401 | $-4,598 | $-18,088 |
| Total Tax Liability / AGI | 12% | 4% | 7% | 8% | 9% | 12% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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