IRS Income Data for Vernon Center, MN 56090
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 13% | 25% | 29% | 20% | 8% | 5% | 0% |
| Number of returns | 39 | 76 | 88 | 61 | 25 | 14 | 0 |
| Number of joint returns | 0 | 26 | 44 | 51 | 24 | 12 | 0 |
| Number of returns from paid preparer | 25 | 57 | 63 | 50 | 23 | 13 | 0 |
| Total number of exemptions | 38 | 124 | 181 | 164 | 71 | 43 | 0 |
| Total number of dependents | 0 | 24 | 28 | 27 | 18 | 0 | 0 |
| Adjusted gross income | $-982 | $17,895 | $37,418 | $61,521 | $86,092 | $164,536 | |
| Salaries and wages | $3,269 | $11,039 | $28,390 | $42,729 | $55,713 | $0 | |
| Taxable interest | $379 | $1,236 | $749 | $416 | $1,598 | $0 | |
| Ordinary dividends | $0 | $264 | $238 | $291 | $0 | $0 | |
| Business or professional net income | $0 | $781 | $1,134 | $245 | $0 | $0 | |
| Net capital gain | $0 | $208 | $1,092 | $146 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $541 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,640 | $368 | $3,860 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $539 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,069 | $4,149 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,215 | $5,143 | $4,917 | $8,291 | $16,328 | |
| State and local income taxes | $0 | $0 | $478 | $657 | $2,007 | $0 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $221 | $382 | $317 | $1,444 | $0 | |
| Taxes paid | $0 | $400 | $858 | $1,030 | $2,994 | $8,072 | |
| Mortgage interest paid | $0 | $0 | $1,814 | $1,880 | $5,820 | $0 | |
| Contributions | $0 | $0 | $351 | $339 | $490 | $0 | |
| Taxable income | $0 | $5,671 | $19,500 | $39,255 | $61,465 | $135,988 | |
| Total tax credits | $0 | $65 | $334 | $878 | $1,064 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $234 | $681 | $760 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $89 | $0 | $0 | |
| Earned income credit | $0 | $977 | $0 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $765 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $528 | $2,020 | $4,271 | $7,385 | $27,201 | |
| Total tax liability | $255 | $928 | $2,792 | $5,622 | $8,779 | $29,242 | |
| Tax due at time of filing | $0 | $326 | $622 | $1,542 | $5,381 | $0 | |
| Overpayments refunded | $-391 | $-1,706 | $-1,315 | $-1,502 | $-1,852 | $0 | |
| Total Tax Liability / AGI | -26% | 5% | 7% | 9% | 10% | 18% |
All numbers in the table are 2010 averages for that income class and zip code.
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