IRS Income Data for Palatine, IL 60074
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 21% | 26% | 14% | 9% | 12% | 2% |
| Number of returns | 3,056 | 3,992 | 4,776 | 2,566 | 1,709 | 2,186 | 396 |
| Number of joint returns | 238 | 755 | 1,458 | 1,189 | 1,163 | 1,886 | 363 |
| Number of returns from paid preparer | 1,518 | 2,542 | 2,850 | 1,370 | 897 | 1,119 | 253 |
| Total number of exemptions | 2,748 | 8,816 | 11,366 | 5,663 | 4,318 | 6,398 | 1,284 |
| Total number of dependents | 404 | 1,844 | 2,011 | 959 | 758 | 1,217 | 249 |
| Adjusted gross income | $3,990 | $17,477 | $36,343 | $61,568 | $86,619 | $132,932 | $455,326 |
| Salaries and wages | $4,081 | $14,223 | $31,412 | $52,431 | $70,281 | $111,839 | $244,868 |
| Taxable interest | $200 | $338 | $540 | $857 | $1,640 | $2,084 | $8,002 |
| Ordinary dividends | $131 | $215 | $343 | $627 | $1,328 | $1,877 | $7,124 |
| Business or professional net income | $689 | $1,297 | $856 | $830 | $1,303 | $2,415 | $11,241 |
| Net capital gain | $-82 | $-28 | $-30 | $81 | $376 | $669 | $48,639 |
| Taxable individual retirement account distributions | $130 | $471 | $684 | $1,481 | $2,601 | $2,778 | $3,155 |
| Taxable pensions and annuities | $255 | $796 | $1,426 | $2,935 | $5,543 | $7,336 | $4,983 |
| Unemployment compensation | $88 | $346 | $512 | $486 | $385 | $361 | $438 |
| Taxable Social Security benefits | $0 | $52 | $637 | $1,879 | $3,110 | $2,279 | $1,688 |
| Self-employment retirement plans | $0 | $0 | $27 | $0 | $0 | $122 | $2,449 |
| Total itemized deductions | $1,111 | $2,193 | $5,510 | $10,806 | $16,235 | $22,697 | $40,981 |
| State and local income taxes | $34 | $48 | $307 | $906 | $1,651 | $3,220 | $10,974 |
| State and local general sales tax | $16 | $43 | $154 | $142 | $171 | $206 | $0 |
| Real estate taxes | $206 | $409 | $1,047 | $2,126 | $3,538 | $5,076 | $8,264 |
| Taxes paid | $261 | $507 | $1,542 | $3,232 | $5,449 | $8,589 | $19,643 |
| Mortgage interest paid | $456 | $918 | $2,546 | $4,822 | $7,198 | $9,811 | $12,179 |
| Contributions | $20 | $91 | $349 | $853 | $1,603 | $2,561 | $6,357 |
| Taxable income | $277 | $4,037 | $17,909 | $39,864 | $59,167 | $98,786 | $404,040 |
| Total tax credits | $1 | $88 | $361 | $586 | $815 | $498 | $400 |
| Residential energy tax credit | $0 | $0 | $0 | $4 | $0 | $0 | $0 |
| Child tax credit | $0 | $33 | $234 | $405 | $557 | $347 | $0 |
| Child and dependent care credit | $0 | $6 | $26 | $30 | $34 | $53 | $51 |
| Earned income credit | $227 | $631 | $148 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $180 | $532 | $115 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $14 | $26 | $1,994 |
| Income tax | $30 | $348 | $1,919 | $5,337 | $8,286 | $17,325 | $91,916 |
| Total tax liability | $156 | $558 | $2,097 | $5,571 | $8,561 | $17,796 | $93,727 |
| Tax due at time of filing | $62 | $90 | $136 | $238 | $421 | $873 | $10,940 |
| Overpayments refunded | $-540 | $-1,764 | $-2,198 | $-2,562 | $-2,990 | $-3,198 | $-3,635 |
| Total Tax Liability / AGI | 4% | 3% | 6% | 9% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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