IRS Income Data for Mount Vernon, AR 72111
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 23% | 25% | 17% | 8% | 8% | 0% |
| Number of returns | 100 | 120 | 131 | 87 | 44 | 41 | 0 |
| Number of joint returns | 28 | 46 | 76 | 73 | 42 | 40 | 0 |
| Number of returns from paid preparer | 59 | 78 | 93 | 64 | 35 | 32 | 0 |
| Total number of exemptions | 143 | 244 | 304 | 248 | 119 | 130 | 0 |
| Total number of dependents | 18 | 43 | 53 | 53 | 20 | 22 | 0 |
| Adjusted gross income | $2,859 | $16,987 | $36,242 | $60,393 | $85,108 | $153,382 | |
| Salaries and wages | $4,251 | $12,948 | $30,427 | $53,205 | $75,906 | $100,560 | |
| Taxable interest | $296 | $363 | $332 | $142 | $466 | $259 | |
| Ordinary dividends | $28 | $0 | $91 | $0 | $107 | $0 | |
| Business or professional net income | $532 | $1,653 | $1,671 | $446 | $0 | $0 | |
| Net capital gain | $0 | $0 | $78 | $0 | $2,206 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $604 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $940 | $2,826 | $3,244 | $3,585 | $8,319 | $0 | |
| Unemployment compensation | $271 | $0 | $770 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $871 | $2,877 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,873 | $4,036 | $6,863 | $10,673 | $19,287 | |
| State and local income taxes | $156 | $0 | $473 | $1,264 | $3,210 | $7,136 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $141 | $185 | $280 | $451 | |
| Taxes paid | $0 | $324 | $673 | $1,656 | $3,642 | $7,949 | |
| Mortgage interest paid | $1,040 | $0 | $1,246 | $2,436 | $3,312 | $6,018 | |
| Contributions | $0 | $0 | $497 | $565 | $1,702 | $3,823 | |
| Taxable income | $143 | $3,433 | $17,258 | $37,163 | $60,544 | $121,047 | |
| Total tax credits | $0 | $59 | $403 | $970 | $630 | $1,118 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $33 | $303 | $805 | $545 | $624 | |
| Child and dependent care credit | $0 | $0 | $0 | $75 | $0 | $0 | |
| Earned income credit | $337 | $1,306 | $274 | $0 | $0 | $0 | |
| Excess earned income credit | $303 | $1,169 | $237 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $310 | $1,629 | $4,007 | $7,799 | $23,519 | |
| Total tax liability | $117 | $551 | $1,887 | $4,319 | $7,832 | $24,320 | |
| Tax due at time of filing | $0 | $134 | $276 | $591 | $0 | $2,247 | |
| Overpayments refunded | $-839 | $-2,475 | $-2,460 | $-2,761 | $-2,735 | $-2,911 | |
| Total Tax Liability / AGI | 4% | 3% | 5% | 7% | 9% | 16% |
All numbers in the table are 2010 averages for that income class and zip code.
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