IRS Income Data for Timber Lake, SD 57656
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 28% | 23% | 26% | 12% | 6% | 5% | 0% |
| Number of returns | 99 | 83 | 91 | 44 | 22 | 16 | 0 |
| Number of joint returns | 18 | 32 | 53 | 37 | 22 | 12 | 0 |
| Number of returns from paid preparer | 72 | 73 | 76 | 36 | 21 | 15 | 0 |
| Total number of exemptions | 107 | 164 | 234 | 133 | 72 | 39 | 0 |
| Total number of dependents | 14 | 27 | 39 | 22 | 19 | 0 | 0 |
| Adjusted gross income | $2,465 | $17,678 | $36,796 | $60,368 | $84,880 | $169,369 | |
| Salaries and wages | $5,807 | $10,764 | $33,110 | $48,853 | $60,082 | $68,564 | |
| Taxable interest | $170 | $1,667 | $978 | $727 | $1,227 | $3,319 | |
| Ordinary dividends | $0 | $112 | $32 | $0 | $1,466 | $0 | |
| Business or professional net income | $426 | $1,845 | $400 | $-75 | $0 | $0 | |
| Net capital gain | $633 | $782 | $802 | $3,791 | $17,281 | $0 | |
| Taxable individual retirement account distributions | $0 | $473 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,778 | $2,105 | $0 | $0 | $0 | |
| Unemployment compensation | $0 | $466 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,050 | $3,309 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $4,088 | $0 | $0 | $0 | |
| State and local income taxes | $0 | $0 | $0 | $0 | $0 | $0 | |
| State and local general sales tax | $0 | $0 | $151 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes paid | $0 | $0 | $336 | $0 | $0 | $0 | |
| Mortgage interest paid | $0 | $0 | $0 | $0 | $0 | $0 | |
| Contributions | $0 | $324 | $0 | $0 | $0 | $0 | |
| Taxable income | $299 | $3,810 | $17,841 | $39,246 | $61,352 | $147,578 | |
| Total tax credits | $0 | $56 | $490 | $1,008 | $1,718 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $314 | $669 | $0 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $400 | $1,042 | $284 | $0 | $0 | $0 | |
| Excess earned income credit | $342 | $899 | $251 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $30 | $333 | $1,561 | $3,785 | $5,660 | $25,119 | |
| Total tax liability | $145 | $777 | $1,993 | $4,227 | $5,997 | $28,097 | |
| Tax due at time of filing | $52 | $96 | $299 | $891 | $0 | $0 | |
| Overpayments refunded | $-745 | $-2,123 | $-2,372 | $-2,159 | $-5,222 | $0 | |
| Total Tax Liability / AGI | 6% | 4% | 5% | 7% | 7% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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