IRS Income Data for Young America, MN 55397
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 17% | 23% | 17% | 14% | 9% | 1% |
| Number of returns | 244 | 226 | 298 | 224 | 186 | 125 | 16 |
| Number of joint returns | 18 | 42 | 87 | 169 | 172 | 116 | 14 |
| Number of returns from paid preparer | 128 | 144 | 164 | 159 | 117 | 80 | 15 |
| Total number of exemptions | 159 | 350 | 498 | 577 | 549 | 376 | 52 |
| Total number of dependents | 15 | 57 | 74 | 92 | 100 | 66 | 11 |
| Adjusted gross income | $3,521 | $17,227 | $36,604 | $62,951 | $85,889 | $127,475 | $352,659 |
| Salaries and wages | $5,098 | $13,222 | $31,193 | $51,328 | $72,927 | $98,834 | $223,578 |
| Taxable interest | $324 | $659 | $711 | $1,047 | $782 | $2,247 | $4,095 |
| Ordinary dividends | $163 | $133 | $209 | $366 | $281 | $499 | $0 |
| Business or professional net income | $52 | $1,030 | $778 | $1,323 | $887 | $1,572 | $0 |
| Net capital gain | $-17 | $13 | $207 | $576 | $257 | $2,444 | $0 |
| Taxable individual retirement account distributions | $183 | $643 | $1,024 | $1,021 | $1,620 | $2,665 | $0 |
| Taxable pensions and annuities | $226 | $1,240 | $1,467 | $3,536 | $3,382 | $6,904 | $0 |
| Unemployment compensation | $0 | $443 | $715 | $682 | $811 | $763 | $0 |
| Taxable Social Security benefits | $0 | $66 | $527 | $1,850 | $1,924 | $2,332 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,297 | $2,077 | $6,044 | $11,374 | $15,462 | $25,507 | $52,608 |
| State and local income taxes | $0 | $105 | $599 | $1,717 | $3,314 | $5,793 | $23,998 |
| State and local general sales tax | $9 | $0 | $48 | $0 | $0 | $0 | $0 |
| Real estate taxes | $112 | $238 | $634 | $1,270 | $1,761 | $2,695 | $4,218 |
| Taxes paid | $188 | $333 | $1,310 | $3,112 | $5,254 | $8,794 | $28,754 |
| Mortgage interest paid | $456 | $640 | $3,150 | $5,505 | $7,132 | $11,621 | $17,851 |
| Contributions | $83 | $258 | $401 | $1,246 | $1,962 | $2,852 | $7,386 |
| Taxable income | $439 | $5,319 | $20,372 | $38,558 | $57,611 | $90,330 | $290,949 |
| Total tax credits | $0 | $109 | $295 | $765 | $1,065 | $712 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $178 | $553 | $758 | $487 | $0 |
| Child and dependent care credit | $0 | $0 | $30 | $52 | $69 | $99 | $0 |
| Earned income credit | $97 | $762 | $102 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $77 | $659 | $73 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,313 |
| Income tax | $46 | $469 | $2,293 | $4,463 | $7,036 | $14,607 | $75,613 |
| Total tax liability | $140 | $678 | $2,658 | $4,958 | $7,464 | $15,466 | $77,602 |
| Tax due at time of filing | $32 | $74 | $182 | $357 | $592 | $3,804 | $0 |
| Overpayments refunded | $-423 | $-1,661 | $-1,672 | $-2,029 | $-2,421 | $-2,875 | $0 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 8% | 9% | 12% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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