IRS Income Data for Lake Benton, MN 56149
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 24% | 27% | 13% | 9% | 6% | 0% |
| Number of returns | 126 | 145 | 165 | 78 | 55 | 39 | 0 |
| Number of joint returns | 26 | 40 | 81 | 57 | 48 | 34 | 0 |
| Number of returns from paid preparer | 80 | 108 | 139 | 66 | 42 | 33 | 0 |
| Total number of exemptions | 126 | 232 | 361 | 201 | 148 | 107 | 0 |
| Total number of dependents | 12 | 29 | 54 | 30 | 21 | 16 | 0 |
| Adjusted gross income | $389 | $16,920 | $35,476 | $61,653 | $86,450 | $157,000 | |
| Salaries and wages | $4,598 | $10,528 | $26,439 | $40,303 | $63,952 | $68,955 | |
| Taxable interest | $347 | $1,366 | $999 | $1,182 | $2,594 | $3,233 | |
| Ordinary dividends | $100 | $352 | $210 | $545 | $294 | $1,684 | |
| Business or professional net income | $-854 | $1,510 | $1,004 | $62 | $95 | $0 | |
| Net capital gain | $21 | $550 | $1,107 | $64 | $1,004 | $5,917 | |
| Taxable individual retirement account distributions | $0 | $385 | $318 | $2,336 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $2,310 | $1,965 | $7,316 | $8,263 | $0 | |
| Unemployment compensation | $0 | $0 | $382 | $439 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,168 | $4,357 | $4,699 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,348 | $2,961 | $6,536 | $7,175 | $21,382 | |
| State and local income taxes | $0 | $137 | $307 | $982 | $1,909 | $6,936 | |
| State and local general sales tax | $0 | $63 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $174 | $227 | $410 | $757 | $1,400 | |
| Taxes paid | $0 | $398 | $571 | $1,479 | $2,741 | $8,799 | |
| Mortgage interest paid | $0 | $0 | $670 | $1,167 | $2,815 | $4,018 | |
| Contributions | $0 | $230 | $602 | $1,302 | $868 | $2,058 | |
| Taxable income | $131 | $4,270 | $17,847 | $39,373 | $63,339 | $124,140 | |
| Total tax credits | $0 | $67 | $321 | $767 | $937 | $693 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $211 | $517 | $655 | $419 | |
| Child and dependent care credit | $0 | $0 | $47 | $107 | $0 | $0 | |
| Earned income credit | $187 | $655 | $264 | $0 | $0 | $0 | |
| Excess earned income credit | $146 | $534 | $208 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $12 | $365 | $1,819 | $4,830 | $8,160 | $23,038 | |
| Total tax liability | $159 | $687 | $2,287 | $5,049 | $9,312 | $25,903 | |
| Tax due at time of filing | $60 | $208 | $491 | $895 | $1,980 | $9,950 | |
| Overpayments refunded | $-571 | $-1,395 | $-1,814 | $-1,457 | $-1,469 | $0 | |
| Total Tax Liability / AGI | 41% | 4% | 6% | 8% | 11% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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