IRS Income Data for Minneapolis, MN 55422
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More about Minneapolis MN 55422
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 17% | 25% | 17% | 10% | 11% | 3% |
| Number of returns | 2,589 | 2,560 | 3,799 | 2,507 | 1,553 | 1,682 | 449 |
| Number of joint returns | 129 | 306 | 705 | 1,077 | 1,107 | 1,383 | 365 |
| Number of returns from paid preparer | 1,352 | 1,340 | 1,827 | 1,307 | 797 | 928 | 358 |
| Total number of exemptions | 2,359 | 3,730 | 6,193 | 4,898 | 3,707 | 4,402 | 1,170 |
| Total number of dependents | 244 | 586 | 941 | 730 | 590 | 755 | 186 |
| Adjusted gross income | $3,855 | $17,235 | $36,898 | $61,609 | $86,616 | $130,845 | $454,982 |
| Salaries and wages | $4,018 | $12,248 | $30,514 | $49,120 | $68,521 | $103,463 | $265,175 |
| Taxable interest | $277 | $560 | $621 | $1,069 | $1,563 | $2,167 | $12,637 |
| Ordinary dividends | $273 | $429 | $435 | $920 | $1,569 | $2,549 | $19,856 |
| Business or professional net income | $-210 | $1,010 | $912 | $1,390 | $2,248 | $3,969 | $15,641 |
| Net capital gain | $144 | $-2 | $103 | $156 | $519 | $1,015 | $49,879 |
| Taxable individual retirement account distributions | $186 | $816 | $847 | $1,577 | $2,081 | $4,272 | $10,099 |
| Taxable pensions and annuities | $471 | $2,035 | $2,502 | $4,725 | $6,119 | $7,089 | $9,560 |
| Unemployment compensation | $77 | $316 | $371 | $354 | $385 | $259 | $0 |
| Taxable Social Security benefits | $0 | $130 | $905 | $2,442 | $3,182 | $2,751 | $4,891 |
| Self-employment retirement plans | $0 | $0 | $20 | $54 | $132 | $292 | $2,957 |
| Total itemized deductions | $1,533 | $2,491 | $5,891 | $12,552 | $17,490 | $25,593 | $85,094 |
| State and local income taxes | $148 | $138 | $703 | $2,251 | $3,745 | $7,098 | $31,915 |
| State and local general sales tax | $16 | $44 | $36 | $36 | $15 | $23 | $0 |
| Real estate taxes | $236 | $352 | $875 | $1,748 | $2,487 | $3,675 | $8,274 |
| Taxes paid | $412 | $547 | $1,659 | $4,128 | $6,395 | $10,999 | $40,565 |
| Mortgage interest paid | $475 | $750 | $2,617 | $5,520 | $7,131 | $9,426 | $14,648 |
| Contributions | $43 | $220 | $503 | $1,267 | $1,938 | $3,218 | $17,956 |
| Taxable income | $460 | $5,748 | $21,302 | $39,656 | $58,851 | $95,498 | $369,615 |
| Total tax credits | $0 | $90 | $300 | $481 | $749 | $526 | $624 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $172 | $359 | $477 | $307 | $0 |
| Child and dependent care credit | $0 | $9 | $21 | $26 | $42 | $58 | $29 |
| Earned income credit | $198 | $644 | $131 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $172 | $568 | $107 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $67 | $5,979 |
| Income tax | $45 | $534 | $2,446 | $5,358 | $8,133 | $16,578 | $100,143 |
| Total tax liability | $123 | $717 | $2,650 | $5,646 | $8,575 | $17,274 | $102,394 |
| Tax due at time of filing | $40 | $98 | $190 | $351 | $485 | $1,144 | $11,485 |
| Overpayments refunded | $-546 | $-1,523 | $-1,743 | $-2,237 | $-2,643 | $-2,682 | $-8,696 |
| Total Tax Liability / AGI | 3% | 4% | 7% | 9% | 10% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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