IRS Income Data for Halstad, MN 56548
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 20% | 26% | 14% | 7% | 9% | 0% |
| Number of returns | 78 | 67 | 88 | 47 | 24 | 30 | 0 |
| Number of joint returns | 0 | 19 | 32 | 35 | 23 | 25 | 0 |
| Number of returns from paid preparer | 45 | 45 | 63 | 31 | 14 | 25 | 0 |
| Total number of exemptions | 72 | 129 | 168 | 126 | 69 | 74 | 0 |
| Total number of dependents | 0 | 35 | 23 | 23 | 14 | 10 | 0 |
| Adjusted gross income | $3,577 | $17,182 | $36,807 | $62,090 | $84,809 | $221,851 | |
| Salaries and wages | $4,047 | $11,516 | $25,347 | $42,949 | $58,061 | $65,422 | |
| Taxable interest | $380 | $654 | $928 | $1,463 | $811 | $5,970 | |
| Ordinary dividends | $38 | $0 | $0 | $538 | $0 | $1,974 | |
| Business or professional net income | $0 | $1,961 | $1,475 | $4,128 | $0 | $0 | |
| Net capital gain | $0 | $-146 | $0 | $-420 | $0 | $8,096 | |
| Taxable individual retirement account distributions | $0 | $0 | $946 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $0 | $4,134 | $6,655 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $475 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,522 | $2,889 | $0 | $6,341 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $4,046 | $5,121 | $7,070 | $16,467 | |
| State and local income taxes | $0 | $0 | $389 | $1,023 | $2,023 | $9,795 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $296 | $446 | $1,019 | $1,187 | |
| Taxes paid | $0 | $0 | $767 | $1,498 | $3,101 | $11,291 | |
| Mortgage interest paid | $0 | $0 | $0 | $2,362 | $4,231 | $0 | |
| Contributions | $0 | $0 | $538 | $459 | $0 | $2,139 | |
| Taxable income | $261 | $4,462 | $20,461 | $40,291 | $61,260 | $194,693 | |
| Total tax credits | $0 | $72 | $270 | $892 | $992 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $207 | $697 | $0 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $173 | $1,454 | $193 | $0 | $0 | $0 | |
| Excess earned income credit | $168 | $1,246 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $25 | $396 | $2,330 | $4,604 | $7,398 | $44,836 | |
| Total tax liability | $62 | $690 | $2,769 | $5,865 | $9,913 | $49,075 | |
| Tax due at time of filing | $66 | $0 | $469 | $1,503 | $4,042 | $19,613 | |
| Overpayments refunded | $-439 | $-2,289 | $-1,362 | $-1,267 | $-1,165 | $0 | |
| Total Tax Liability / AGI | 2% | 4% | 8% | 9% | 12% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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