IRS Income Data for Coleraine, MN 55722
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 26% | 25% | 15% | 11% | 8% | 0% |
| Number of returns | 80 | 141 | 139 | 83 | 61 | 46 | 0 |
| Number of joint returns | 11 | 22 | 64 | 67 | 51 | 41 | 0 |
| Number of returns from paid preparer | 32 | 70 | 83 | 55 | 37 | 39 | 0 |
| Total number of exemptions | 78 | 228 | 300 | 226 | 166 | 130 | 0 |
| Total number of dependents | 10 | 43 | 51 | 36 | 30 | 26 | 0 |
| Adjusted gross income | $4,072 | $17,193 | $36,534 | $61,418 | $86,044 | $154,338 | |
| Salaries and wages | $4,023 | $12,975 | $29,742 | $40,233 | $62,863 | $98,385 | |
| Taxable interest | $121 | $422 | $566 | $1,018 | $399 | $1,319 | |
| Ordinary dividends | $0 | $268 | $166 | $107 | $380 | $511 | |
| Business or professional net income | $697 | $479 | $245 | $2,537 | $12 | $0 | |
| Net capital gain | $0 | $203 | $-67 | $33 | $0 | $1,277 | |
| Taxable individual retirement account distributions | $0 | $395 | $632 | $1,933 | $4,049 | $0 | |
| Taxable pensions and annuities | $0 | $2,423 | $3,742 | $10,577 | $10,515 | $11,909 | |
| Unemployment compensation | $0 | $166 | $540 | $829 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,002 | $3,239 | $6,009 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,984 | $3,764 | $9,362 | $13,339 | $24,988 | |
| State and local income taxes | $0 | $115 | $438 | $1,462 | $2,875 | $7,882 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $168 | $397 | $971 | $1,060 | $2,268 | |
| Taxes paid | $0 | $309 | $900 | $2,515 | $4,094 | $10,541 | |
| Mortgage interest paid | $0 | $843 | $1,508 | $4,099 | $5,681 | $6,761 | |
| Contributions | $0 | $0 | $269 | $585 | $956 | $1,467 | |
| Taxable income | $223 | $5,121 | $18,858 | $36,938 | $59,101 | $117,574 | |
| Total tax credits | $0 | $97 | $384 | $909 | $976 | $279 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $43 | $262 | $697 | $777 | $0 | |
| Child and dependent care credit | $0 | $0 | $44 | $65 | $0 | $0 | |
| Earned income credit | $374 | $997 | $297 | $0 | $0 | $0 | |
| Excess earned income credit | $308 | $976 | $265 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $20 | $445 | $1,963 | $4,153 | $7,637 | $23,114 | |
| Total tax liability | $133 | $531 | $2,190 | $4,630 | $7,804 | $23,328 | |
| Tax due at time of filing | $0 | $69 | $0 | $311 | $0 | $1,174 | |
| Overpayments refunded | $-584 | $-1,997 | $-2,511 | $-2,157 | $-2,662 | $-2,346 | |
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 9% | 15% |
All numbers in the table are 2010 averages for that income class and zip code.
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