IRS Income Data for Monterey, LA 71354
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 21% | 22% | 17% | 12% | 11% | 2% |
| Number of returns | 95 | 132 | 143 | 111 | 77 | 68 | 13 |
| Number of joint returns | 21 | 50 | 76 | 75 | 67 | 61 | 10 |
| Number of returns from paid preparer | 60 | 99 | 103 | 85 | 63 | 62 | 12 |
| Total number of exemptions | 118 | 260 | 325 | 297 | 225 | 214 | 37 |
| Total number of dependents | 19 | 55 | 62 | 56 | 46 | 54 | 0 |
| Adjusted gross income | $-1,443 | $16,710 | $37,483 | $61,537 | $85,707 | $129,886 | $246,299 |
| Salaries and wages | $4,416 | $13,162 | $30,116 | $51,108 | $71,602 | $132,995 | $0 |
| Taxable interest | $1,415 | $427 | $385 | $1,126 | $676 | $810 | $0 |
| Ordinary dividends | $176 | $43 | $0 | $128 | $0 | $28 | $0 |
| Business or professional net income | $766 | $945 | $1,547 | $1,870 | $0 | $843 | $0 |
| Net capital gain | $0 | $-130 | $0 | $200 | $0 | $860 | $0 |
| Taxable individual retirement account distributions | $0 | $461 | $0 | $699 | $0 | $0 | $0 |
| Taxable pensions and annuities | $0 | $2,656 | $2,666 | $2,986 | $2,366 | $3,934 | $0 |
| Unemployment compensation | $0 | $0 | $607 | $0 | $1,478 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $774 | $1,380 | $3,795 | $0 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,787 | $0 | $2,078 | $4,194 | $8,741 | $19,939 | $0 |
| State and local income taxes | $0 | $0 | $176 | $733 | $1,220 | $4,783 | $0 |
| State and local general sales tax | $0 | $186 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $0 | $44 | $0 | $211 | $452 | $0 |
| Taxes paid | $0 | $0 | $289 | $845 | $1,610 | $5,663 | $0 |
| Mortgage interest paid | $0 | $0 | $705 | $1,065 | $2,446 | $5,555 | $0 |
| Contributions | $0 | $0 | $280 | $306 | $1,420 | $2,137 | $0 |
| Taxable income | $0 | $3,319 | $19,692 | $40,517 | $60,545 | $98,358 | $219,709 |
| Total tax credits | $0 | $67 | $396 | $835 | $939 | $2,177 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $33 | $353 | $767 | $818 | $527 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $378 | $1,177 | $199 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $301 | $1,047 | $149 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $0 | $289 | $2,029 | $4,865 | $7,939 | $17,028 | $40,108 |
| Total tax liability | $506 | $572 | $2,559 | $5,590 | $8,576 | $17,821 | $44,940 |
| Tax due at time of filing | $84 | $81 | $550 | $1,000 | $1,338 | $7,052 | $0 |
| Overpayments refunded | $-1,206 | $-2,495 | $-1,784 | $-2,393 | $-2,575 | $-3,424 | $0 |
| Total Tax Liability / AGI | -35% | 3% | 7% | 9% | 10% | 14% | 18% |
All numbers in the table are 2010 averages for that income class and zip code.
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