IRS Income Data for Byron, MN 55920
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 16% | 20% | 16% | 14% | 15% | 3% |
| Number of returns | 591 | 528 | 694 | 531 | 460 | 507 | 90 |
| Number of joint returns | 36 | 85 | 234 | 369 | 410 | 479 | 86 |
| Number of returns from paid preparer | 238 | 264 | 381 | 346 | 267 | 282 | 74 |
| Total number of exemptions | 317 | 746 | 1,264 | 1,329 | 1,430 | 1,662 | 304 |
| Total number of dependents | 37 | 108 | 214 | 227 | 284 | 333 | 53 |
| Adjusted gross income | $3,553 | $17,652 | $36,606 | $62,914 | $86,661 | $129,127 | $342,065 |
| Salaries and wages | $4,747 | $13,296 | $28,864 | $50,706 | $75,275 | $111,245 | $235,102 |
| Taxable interest | $261 | $499 | $648 | $944 | $975 | $1,830 | $7,014 |
| Ordinary dividends | $160 | $270 | $205 | $570 | $534 | $804 | $6,253 |
| Business or professional net income | $19 | $684 | $946 | $2,029 | $335 | $2,226 | $24,362 |
| Net capital gain | $-27 | $99 | $132 | $413 | $572 | $2,085 | $12,089 |
| Taxable individual retirement account distributions | $108 | $527 | $752 | $798 | $922 | $1,284 | $0 |
| Taxable pensions and annuities | $389 | $1,844 | $3,392 | $4,267 | $5,262 | $4,185 | $8,353 |
| Unemployment compensation | $74 | $375 | $411 | $362 | $325 | $238 | $0 |
| Taxable Social Security benefits | $0 | $96 | $1,105 | $2,425 | $2,122 | $1,673 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $705 | $0 |
| Total itemized deductions | $1,151 | $1,773 | $5,719 | $10,326 | $15,062 | $23,462 | $55,053 |
| State and local income taxes | $0 | $90 | $601 | $1,847 | $3,381 | $6,547 | $24,454 |
| State and local general sales tax | $7 | $18 | $51 | $0 | $0 | $0 | $0 |
| Real estate taxes | $96 | $145 | $625 | $1,302 | $1,901 | $3,033 | $5,641 |
| Taxes paid | $136 | $307 | $1,309 | $3,261 | $5,450 | $9,797 | $30,351 |
| Mortgage interest paid | $195 | $468 | $2,434 | $4,841 | $6,902 | $9,489 | $15,390 |
| Contributions | $0 | $134 | $439 | $773 | $1,293 | $2,617 | $7,211 |
| Taxable income | $415 | $5,994 | $19,607 | $39,481 | $58,105 | $93,344 | $276,930 |
| Total tax credits | $0 | $111 | $387 | $813 | $1,338 | $763 | $254 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $28 | $217 | $575 | $935 | $594 | $0 |
| Child and dependent care credit | $0 | $11 | $34 | $80 | $108 | $73 | $0 |
| Earned income credit | $151 | $603 | $154 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $133 | $536 | $121 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $44 | $4,819 |
| Income tax | $38 | $542 | $2,049 | $4,633 | $6,877 | $15,214 | $73,509 |
| Total tax liability | $95 | $694 | $2,277 | $5,082 | $7,143 | $15,707 | $76,387 |
| Tax due at time of filing | $26 | $55 | $213 | $446 | $304 | $1,090 | $10,288 |
| Overpayments refunded | $-458 | $-1,637 | $-1,822 | $-2,086 | $-2,689 | $-2,314 | $-4,837 |
| Total Tax Liability / AGI | 3% | 4% | 6% | 8% | 8% | 12% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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