IRS Income Data for Rapid City, SD 57702
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 19% | 21% | 15% | 11% | 12% | 5% |
| Number of returns | 3,177 | 3,197 | 3,634 | 2,531 | 1,851 | 2,024 | 784 |
| Number of joint returns | 285 | 606 | 1,399 | 1,745 | 1,597 | 1,806 | 717 |
| Number of returns from paid preparer | 1,314 | 1,344 | 1,652 | 1,326 | 1,001 | 1,245 | 667 |
| Total number of exemptions | 2,343 | 4,486 | 6,386 | 5,772 | 4,819 | 5,553 | 2,299 |
| Total number of dependents | 269 | 574 | 810 | 823 | 719 | 887 | 366 |
| Adjusted gross income | $3,547 | $17,224 | $36,469 | $61,899 | $86,398 | $131,931 | $479,483 |
| Salaries and wages | $4,610 | $12,521 | $24,968 | $40,226 | $57,654 | $85,327 | $178,628 |
| Taxable interest | $498 | $710 | $1,123 | $1,824 | $2,228 | $3,574 | $20,411 |
| Ordinary dividends | $334 | $492 | $811 | $1,294 | $1,773 | $2,985 | $14,916 |
| Business or professional net income | $-225 | $679 | $1,211 | $2,105 | $2,920 | $5,240 | $11,800 |
| Net capital gain | $128 | $25 | $202 | $586 | $788 | $4,013 | $63,217 |
| Taxable individual retirement account distributions | $190 | $725 | $1,466 | $2,492 | $3,316 | $4,158 | $5,901 |
| Taxable pensions and annuities | $435 | $2,060 | $5,214 | $9,204 | $11,589 | $11,536 | $7,924 |
| Unemployment compensation | $25 | $91 | $105 | $82 | $77 | $63 | $0 |
| Taxable Social Security benefits | $0 | $113 | $1,604 | $3,896 | $4,529 | $3,886 | $3,927 |
| Self-employment retirement plans | $0 | $0 | $14 | $55 | $157 | $631 | $3,428 |
| Total itemized deductions | $1,335 | $1,891 | $4,204 | $7,652 | $10,335 | $16,473 | $43,760 |
| State and local income taxes | $14 | $9 | $44 | $112 | $200 | $420 | $1,489 |
| State and local general sales tax | $22 | $64 | $198 | $422 | $678 | $1,090 | $2,375 |
| Real estate taxes | $184 | $219 | $600 | $1,150 | $1,684 | $2,802 | $6,203 |
| Taxes paid | $240 | $301 | $867 | $1,723 | $2,603 | $4,386 | $12,217 |
| Mortgage interest paid | $422 | $516 | $1,505 | $3,197 | $4,549 | $7,276 | $9,830 |
| Contributions | $20 | $145 | $393 | $897 | $1,534 | $2,654 | $15,324 |
| Taxable income | $355 | $5,588 | $20,216 | $40,368 | $61,539 | $102,331 | $425,285 |
| Total tax credits | $1 | $94 | $271 | $605 | $789 | $565 | $1,806 |
| Residential energy tax credit | $0 | $0 | $3 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $20 | $149 | $425 | $523 | $307 | $0 |
| Child and dependent care credit | $0 | $11 | $25 | $39 | $59 | $53 | $30 |
| Earned income credit | $184 | $516 | $122 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $170 | $469 | $96 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $13 | $55 | $1,775 |
| Income tax | $35 | $501 | $2,235 | $4,951 | $8,068 | $17,695 | $110,758 |
| Total tax liability | $96 | $636 | $2,498 | $5,374 | $8,642 | $18,834 | $114,087 |
| Tax due at time of filing | $30 | $78 | $225 | $479 | $804 | $2,109 | $14,519 |
| Overpayments refunded | $-628 | $-1,491 | $-1,688 | $-1,831 | $-2,157 | $-2,873 | $-9,281 |
| Total Tax Liability / AGI | 3% | 4% | 7% | 9% | 10% | 14% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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