IRS Income Data for Chicago, IL 60603
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 15% | 16% | 12% | 7% | 14% | 17% |
| Number of returns | 254 | 200 | 213 | 155 | 98 | 190 | 221 |
| Number of joint returns | 0 | 19 | 0 | 16 | 11 | 51 | 113 |
| Number of returns from paid preparer | 155 | 126 | 138 | 101 | 67 | 131 | 195 |
| Total number of exemptions | 203 | 193 | 229 | 169 | 106 | 261 | 471 |
| Total number of dependents | 0 | 26 | 18 | 0 | 0 | 22 | 69 |
| Adjusted gross income | $1,612 | $16,910 | $37,141 | $61,229 | $86,866 | $141,706 | $1,763,134 |
| Salaries and wages | $3,436 | $4,078 | $12,093 | $20,806 | $20,725 | $35,409 | $257,616 |
| Taxable interest | $1,225 | $2,788 | $5,706 | $8,912 | $14,163 | $21,551 | $351,609 |
| Ordinary dividends | $2,839 | $7,048 | $10,574 | $12,516 | $25,038 | $34,517 | $341,900 |
| Business or professional net income | $-4,425 | $640 | $0 | $0 | $0 | $5,541 | $25,048 |
| Net capital gain | $-19 | $115 | $2,105 | $3,379 | $4,738 | $22,487 | $571,987 |
| Taxable individual retirement account distributions | $188 | $0 | $719 | $1,189 | $7,121 | $5,499 | $9,616 |
| Taxable pensions and annuities | $464 | $1,634 | $3,242 | $6,508 | $6,618 | $10,585 | $12,398 |
| Unemployment compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $259 | $2,678 | $6,255 | $6,494 | $8,057 | $6,064 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $5,126 |
| Total itemized deductions | $9,946 | $14,375 | $25,597 | $32,326 | $53,832 | $58,332 | $509,443 |
| State and local income taxes | $769 | $870 | $2,035 | $2,432 | $5,116 | $8,091 | $193,674 |
| State and local general sales tax | $73 | $74 | $123 | $196 | $158 | $280 | $119 |
| Real estate taxes | $962 | $712 | $1,629 | $2,247 | $4,131 | $4,888 | $13,848 |
| Taxes paid | $2,108 | $1,664 | $3,909 | $5,160 | $9,718 | $13,663 | $215,631 |
| Mortgage interest paid | $1,255 | $0 | $945 | $1,647 | $2,738 | $2,508 | $10,324 |
| Contributions | $73 | $214 | $683 | $1,469 | $1,770 | $4,127 | $35,920 |
| Taxable income | $467 | $4,661 | $16,109 | $33,097 | $39,539 | $85,735 | $1,252,513 |
| Total tax credits | $9 | $50 | $166 | $152 | $145 | $976 | $45,629 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $0 | $277 | $0 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $0 | $222 | $0 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $43 | $285 | $0 | $458 | $1,451 | $29,548 |
| Income tax | $43 | $384 | $1,687 | $4,689 | $6,504 | $15,042 | $555,289 |
| Total tax liability | $236 | $630 | $2,457 | $4,987 | $8,611 | $17,423 | $562,098 |
| Tax due at time of filing | $97 | $79 | $439 | $543 | $586 | $2,246 | $10,115 |
| Overpayments refunded | $-1,603 | $-2,377 | $-4,418 | $-4,266 | $-8,348 | $-17,251 | $-60,146 |
| Total Tax Liability / AGI | 15% | 4% | 7% | 8% | 10% | 12% | 32% |
All numbers in the table are 2010 averages for that income class and zip code.
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