IRS Income Data for Lake Wilson, MN 56151
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 19% | 27% | 18% | 10% | 7% | 0% |
| Number of returns | 78 | 79 | 114 | 74 | 40 | 30 | 0 |
| Number of joint returns | 0 | 28 | 55 | 64 | 35 | 27 | 0 |
| Number of returns from paid preparer | 66 | 70 | 105 | 64 | 36 | 30 | 0 |
| Total number of exemptions | 58 | 116 | 223 | 218 | 113 | 70 | 0 |
| Total number of dependents | 0 | 16 | 31 | 35 | 19 | 10 | 0 |
| Adjusted gross income | $3,127 | $17,314 | $35,643 | $61,281 | $83,854 | $135,816 | |
| Salaries and wages | $3,677 | $11,740 | $23,573 | $38,139 | $51,226 | $51,648 | |
| Taxable interest | $273 | $594 | $925 | $981 | $1,539 | $2,382 | |
| Ordinary dividends | $30 | $0 | $184 | $93 | $256 | $1,152 | |
| Business or professional net income | $0 | $2,049 | $2,083 | $3,252 | $0 | $1,312 | |
| Net capital gain | $0 | $-1 | $549 | $296 | $0 | $1,477 | |
| Taxable individual retirement account distributions | $0 | $0 | $437 | $587 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,257 | $1,390 | $5,442 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $1,023 | $1,054 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $880 | $2,294 | $4,867 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $2,477 | $4,350 | $0 | $8,637 | |
| State and local income taxes | $0 | $0 | $347 | $1,319 | $0 | $3,962 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $77 | $236 | $0 | $608 | |
| Taxes paid | $0 | $0 | $478 | $915 | $0 | $4,618 | |
| Mortgage interest paid | $0 | $0 | $0 | $1,026 | $2,465 | $0 | |
| Contributions | $0 | $0 | $0 | $674 | $0 | $1,220 | |
| Taxable income | $282 | $5,522 | $19,187 | $38,305 | $62,218 | $112,741 | |
| Total tax credits | $0 | $66 | $372 | $1,073 | $1,306 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $252 | $751 | $845 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $102 | $0 | $0 | |
| Earned income credit | $92 | $378 | $140 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $508 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $28 | $549 | $1,900 | $3,986 | $7,767 | $18,867 | |
| Total tax liability | $143 | $1,001 | $2,746 | $5,564 | $10,590 | $24,918 | |
| Tax due at time of filing | $0 | $323 | $934 | $1,991 | $4,936 | $14,737 | |
| Overpayments refunded | $-309 | $-1,058 | $-1,364 | $-995 | $-1,513 | $0 | |
| Total Tax Liability / AGI | 5% | 6% | 8% | 9% | 13% | 18% |
All numbers in the table are 2010 averages for that income class and zip code.
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