IRS Income Data for Colfax, IL 61728
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 18% | 21% | 16% | 12% | 11% | 2% |
| Number of returns | 149 | 125 | 148 | 113 | 87 | 81 | 11 |
| Number of joint returns | 11 | 13 | 52 | 79 | 82 | 77 | 11 |
| Number of returns from paid preparer | 70 | 65 | 82 | 77 | 50 | 49 | 10 |
| Total number of exemptions | 116 | 169 | 298 | 287 | 248 | 235 | 25 |
| Total number of dependents | 16 | 34 | 59 | 51 | 43 | 42 | 0 |
| Adjusted gross income | $3,222 | $16,619 | $36,728 | $62,065 | $86,820 | $129,424 | $270,451 |
| Salaries and wages | $3,866 | $12,740 | $30,222 | $47,420 | $69,082 | $88,317 | $0 |
| Taxable interest | $187 | $258 | $294 | $1,094 | $1,461 | $2,930 | $9,146 |
| Ordinary dividends | $0 | $0 | $92 | $276 | $237 | $2,594 | $0 |
| Business or professional net income | $13 | $966 | $1,430 | $3,708 | $0 | $10,273 | $0 |
| Net capital gain | $-5 | $0 | $-131 | $-41 | $0 | $909 | $0 |
| Taxable individual retirement account distributions | $0 | $589 | $0 | $963 | $0 | $1,177 | $0 |
| Taxable pensions and annuities | $429 | $1,465 | $1,647 | $2,243 | $6,435 | $8,668 | $0 |
| Unemployment compensation | $0 | $0 | $683 | $324 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $786 | $2,663 | $3,449 | $5,259 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,166 | $3,510 | $6,907 | $7,541 | $17,114 | $0 |
| State and local income taxes | $32 | $0 | $251 | $673 | $970 | $3,187 | $0 |
| State and local general sales tax | $0 | $0 | $90 | $0 | $0 | $0 | $0 |
| Real estate taxes | $270 | $0 | $585 | $1,133 | $1,365 | $2,884 | $0 |
| Taxes paid | $0 | $217 | $892 | $1,909 | $2,399 | $6,249 | $0 |
| Mortgage interest paid | $0 | $0 | $1,202 | $2,316 | $2,393 | $5,221 | $0 |
| Contributions | $0 | $0 | $373 | $438 | $879 | $3,337 | $0 |
| Taxable income | $393 | $5,331 | $20,555 | $39,845 | $62,226 | $100,710 | $237,916 |
| Total tax credits | $0 | $102 | $476 | $754 | $913 | $358 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $51 | $352 | $575 | $632 | $313 | $0 |
| Child and dependent care credit | $0 | $0 | $47 | $0 | $47 | $0 | $0 |
| Earned income credit | $212 | $700 | $122 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $188 | $656 | $103 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $39 | $479 | $2,105 | $4,835 | $7,969 | $17,413 | $49,400 |
| Total tax liability | $123 | $617 | $2,521 | $5,593 | $8,796 | $20,267 | $55,131 |
| Tax due at time of filing | $0 | $134 | $376 | $906 | $1,795 | $9,245 | $0 |
| Overpayments refunded | $-495 | $-1,644 | $-2,113 | $-1,732 | $-3,041 | $-1,502 | $0 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 9% | 10% | 16% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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