IRS Income Data for Minneapolis, MN 55411
View threads near Minneapolis, MN 55411 or Start a new Minneapolis MN 55411 thread
More about Minneapolis MN 55411
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 27% | 32% | 27% | 8% | 3% | 2% | 0% |
| Number of returns | 2,749 | 3,154 | 2,736 | 802 | 317 | 222 | 32 |
| Number of joint returns | 117 | 286 | 494 | 337 | 212 | 166 | 25 |
| Number of returns from paid preparer | 1,474 | 1,950 | 1,405 | 416 | 181 | 131 | 28 |
| Total number of exemptions | 4,447 | 7,470 | 6,654 | 1,960 | 827 | 543 | 88 |
| Total number of dependents | 1,153 | 2,023 | 1,495 | 331 | 146 | 84 | 17 |
| Adjusted gross income | $4,694 | $16,867 | $34,843 | $60,616 | $85,424 | $126,426 | $307,796 |
| Salaries and wages | $4,229 | $13,890 | $32,288 | $52,817 | $71,684 | $99,268 | $230,993 |
| Taxable interest | $64 | $60 | $105 | $557 | $496 | $1,140 | $1,078 |
| Ordinary dividends | $26 | $40 | $72 | $292 | $491 | $854 | $258 |
| Business or professional net income | $602 | $1,884 | $578 | $1,013 | $1,755 | $4,419 | $3,358 |
| Net capital gain | $11 | $1 | $49 | $-3 | $501 | $886 | $-370 |
| Taxable individual retirement account distributions | $34 | $103 | $250 | $536 | $1,736 | $2,498 | $0 |
| Taxable pensions and annuities | $197 | $653 | $1,170 | $3,811 | $6,474 | $9,463 | $0 |
| Unemployment compensation | $119 | $417 | $320 | $365 | $607 | $0 | $0 |
| Taxable Social Security benefits | $0 | $43 | $301 | $1,312 | $1,983 | $2,929 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $485 | $890 | $4,091 | $10,553 | $18,839 | $23,406 | $49,846 |
| State and local income taxes | $16 | $39 | $403 | $1,668 | $3,010 | $6,280 | $17,182 |
| State and local general sales tax | $4 | $8 | $28 | $30 | $0 | $0 | $0 |
| Real estate taxes | $41 | $98 | $499 | $1,158 | $1,719 | $2,415 | $4,018 |
| Taxes paid | $68 | $152 | $968 | $2,975 | $6,529 | $8,946 | $21,511 |
| Mortgage interest paid | $211 | $474 | $2,190 | $5,117 | $7,438 | $9,042 | $17,979 |
| Contributions | $13 | $60 | $384 | $1,378 | $2,514 | $3,647 | $7,867 |
| Taxable income | $75 | $3,475 | $17,095 | $37,988 | $56,831 | $93,692 | $248,934 |
| Total tax credits | $0 | $104 | $517 | $676 | $755 | $414 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $57 | $379 | $547 | $545 | $301 | $0 |
| Child and dependent care credit | $0 | $7 | $43 | $22 | $45 | $63 | $0 |
| Earned income credit | $867 | $2,086 | $457 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $777 | $1,833 | $407 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,830 |
| Income tax | $7 | $272 | $1,622 | $4,926 | $7,968 | $16,848 | $65,675 |
| Total tax liability | $118 | $564 | $1,754 | $5,148 | $8,475 | $17,797 | $67,017 |
| Tax due at time of filing | $13 | $49 | $172 | $397 | $753 | $2,027 | $5,463 |
| Overpayments refunded | $-1,222 | $-3,164 | $-2,464 | $-2,247 | $-2,383 | $-1,950 | $-2,230 |
| Total Tax Liability / AGI | 3% | 3% | 5% | 8% | 10% | 14% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
Please discuss this service and make suggestions for improvement.