IRS Income Data for Faulkton, SD 57438
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 23% | 26% | 14% | 8% | 7% | 2% |
| Number of returns | 112 | 134 | 151 | 83 | 46 | 42 | 14 |
| Number of joint returns | 15 | 28 | 66 | 67 | 40 | 35 | 13 |
| Number of returns from paid preparer | 77 | 103 | 114 | 68 | 35 | 36 | 14 |
| Total number of exemptions | 95 | 182 | 275 | 211 | 132 | 111 | 37 |
| Total number of dependents | 0 | 26 | 31 | 29 | 23 | 22 | 0 |
| Adjusted gross income | $3,903 | $16,688 | $35,039 | $61,835 | $86,523 | $132,079 | $434,767 |
| Salaries and wages | $3,401 | $11,876 | $20,224 | $32,709 | $53,778 | $40,767 | $0 |
| Taxable interest | $349 | $1,079 | $1,800 | $2,021 | $1,552 | $8,811 | $6,317 |
| Ordinary dividends | $244 | $260 | $471 | $753 | $1,651 | $2,170 | $0 |
| Business or professional net income | $602 | $531 | $1,483 | $3,903 | $0 | $0 | $0 |
| Net capital gain | $1,368 | $267 | $1,109 | $3,820 | $4,824 | $53,223 | $0 |
| Taxable individual retirement account distributions | $0 | $596 | $416 | $1,199 | $0 | $0 | $0 |
| Taxable pensions and annuities | $247 | $1,989 | $3,754 | $5,121 | $5,490 | $5,646 | $0 |
| Unemployment compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,762 | $6,191 | $0 | $9,101 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,567 | $0 | $2,752 | $6,489 | $0 | $0 |
| State and local income taxes | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| State and local general sales tax | $0 | $74 | $0 | $0 | $509 | $0 | $0 |
| Real estate taxes | $0 | $0 | $66 | $0 | $387 | $0 | $0 |
| Taxes paid | $0 | $107 | $0 | $276 | $987 | $0 | $0 |
| Mortgage interest paid | $0 | $0 | $0 | $0 | $2,119 | $0 | $0 |
| Contributions | $0 | $287 | $164 | $0 | $1,343 | $0 | $0 |
| Taxable income | $369 | $5,206 | $19,636 | $40,800 | $63,853 | $109,473 | $415,691 |
| Total tax credits | $0 | $72 | $218 | $767 | $1,318 | $1,288 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $123 | $488 | $1,078 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $33 | $0 | $122 | $0 | $0 |
| Earned income credit | $149 | $408 | $143 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $0 | $405 | $84 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $36 | $470 | $2,109 | $4,381 | $7,329 | $17,921 | $79,987 |
| Total tax liability | $226 | $682 | $2,586 | $5,478 | $8,575 | $21,343 | $90,539 |
| Tax due at time of filing | $53 | $161 | $786 | $1,571 | $2,266 | $11,568 | $66,901 |
| Overpayments refunded | $-380 | $-1,198 | $-1,137 | $-982 | $-1,834 | $0 | $0 |
| Total Tax Liability / AGI | 6% | 4% | 7% | 9% | 10% | 16% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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