IRS Income Data for Velva, ND 58790
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 22% | 23% | 16% | 10% | 6% | 2% |
| Number of returns | 162 | 178 | 184 | 127 | 83 | 45 | 13 |
| Number of joint returns | 20 | 39 | 74 | 97 | 74 | 38 | 11 |
| Number of returns from paid preparer | 91 | 103 | 113 | 89 | 64 | 32 | 13 |
| Total number of exemptions | 130 | 269 | 352 | 335 | 248 | 140 | 40 |
| Total number of dependents | 13 | 37 | 57 | 60 | 45 | 29 | 0 |
| Adjusted gross income | $1,898 | $17,503 | $36,163 | $61,780 | $87,058 | $124,244 | $337,017 |
| Salaries and wages | $4,421 | $12,984 | $27,528 | $46,395 | $68,271 | $100,054 | $0 |
| Taxable interest | $249 | $841 | $876 | $1,289 | $1,839 | $720 | $7,494 |
| Ordinary dividends | $105 | $493 | $433 | $142 | $427 | $925 | $0 |
| Business or professional net income | $-114 | $265 | $1,315 | $848 | $5,184 | $0 | $0 |
| Net capital gain | $56 | $307 | $255 | $2,602 | $1,300 | $13,048 | $0 |
| Taxable individual retirement account distributions | $189 | $653 | $851 | $2,038 | $0 | $0 | $0 |
| Taxable pensions and annuities | $453 | $1,036 | $1,936 | $3,147 | $5,318 | $0 | $0 |
| Unemployment compensation | $0 | $0 | $423 | $290 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,307 | $2,914 | $0 | $0 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $2,049 | $2,392 | $3,573 | $5,341 | $12,658 | $0 |
| State and local income taxes | $0 | $0 | $84 | $198 | $354 | $2,097 | $0 |
| State and local general sales tax | $0 | $40 | $0 | $144 | $0 | $0 | $0 |
| Real estate taxes | $0 | $0 | $229 | $301 | $548 | $1,547 | $0 |
| Taxes paid | $0 | $102 | $345 | $566 | $1,017 | $3,747 | $0 |
| Mortgage interest paid | $0 | $0 | $355 | $813 | $1,424 | $2,897 | $0 |
| Contributions | $0 | $0 | $194 | $157 | $446 | $1,862 | $0 |
| Taxable income | $369 | $5,189 | $20,047 | $40,402 | $62,982 | $98,442 | $309,235 |
| Total tax credits | $0 | $89 | $328 | $758 | $1,096 | $891 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $213 | $554 | $710 | $792 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $92 | $103 | $0 | $0 |
| Earned income credit | $197 | $700 | $172 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $184 | $635 | $145 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $32 | $461 | $2,129 | $4,526 | $7,824 | $15,874 | $73,127 |
| Total tax liability | $66 | $590 | $2,532 | $5,027 | $8,633 | $17,665 | $78,176 |
| Tax due at time of filing | $15 | $87 | $344 | $895 | $1,284 | $4,579 | $0 |
| Overpayments refunded | $-575 | $-1,708 | $-1,739 | $-2,307 | $-2,010 | $-2,568 | $0 |
| Total Tax Liability / AGI | 3% | 3% | 7% | 8% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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