IRS Income Data for Sherwood, AR 72120
View threads near Sherwood, AR 72120 or Start a new Sherwood AR 72120 thread
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 21% | 24% | 17% | 11% | 11% | 1% |
| Number of returns | 2,151 | 3,013 | 3,588 | 2,472 | 1,616 | 1,652 | 195 |
| Number of joint returns | 169 | 530 | 1,122 | 1,565 | 1,367 | 1,531 | 176 |
| Number of returns from paid preparer | 927 | 1,543 | 1,791 | 1,276 | 884 | 912 | 160 |
| Total number of exemptions | 1,997 | 5,011 | 6,859 | 5,790 | 4,273 | 4,642 | 572 |
| Total number of dependents | 331 | 1,000 | 1,326 | 1,019 | 753 | 824 | 104 |
| Adjusted gross income | $4,405 | $17,332 | $36,304 | $61,641 | $86,401 | $127,332 | $388,179 |
| Salaries and wages | $4,529 | $13,570 | $29,669 | $48,435 | $69,060 | $99,556 | $206,186 |
| Taxable interest | $200 | $451 | $582 | $973 | $1,233 | $2,098 | $17,584 |
| Ordinary dividends | $98 | $156 | $231 | $369 | $568 | $1,259 | $12,233 |
| Business or professional net income | $35 | $780 | $627 | $883 | $1,433 | $2,357 | $14,287 |
| Net capital gain | $-44 | $-29 | $60 | $210 | $345 | $1,403 | $27,165 |
| Taxable individual retirement account distributions | $82 | $393 | $574 | $1,008 | $1,570 | $2,400 | $7,797 |
| Taxable pensions and annuities | $356 | $1,948 | $3,367 | $6,428 | $7,737 | $10,490 | $11,705 |
| Unemployment compensation | $88 | $242 | $221 | $153 | $207 | $145 | $0 |
| Taxable Social Security benefits | $0 | $101 | $969 | $2,716 | $3,079 | $3,204 | $3,120 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $210 | $0 |
| Total itemized deductions | $774 | $1,526 | $4,199 | $8,490 | $13,053 | $21,370 | $60,394 |
| State and local income taxes | $33 | $51 | $448 | $1,375 | $2,775 | $5,853 | $25,058 |
| State and local general sales tax | $23 | $54 | $73 | $99 | $83 | $93 | $0 |
| Real estate taxes | $46 | $77 | $227 | $493 | $759 | $1,278 | $2,987 |
| Taxes paid | $113 | $199 | $806 | $2,077 | $3,818 | $7,507 | $28,713 |
| Mortgage interest paid | $279 | $486 | $1,594 | $3,302 | $4,862 | $7,227 | $11,010 |
| Contributions | $28 | $236 | $673 | $1,523 | $2,749 | $4,547 | $15,112 |
| Taxable income | $306 | $5,067 | $19,867 | $39,881 | $60,444 | $94,677 | $318,876 |
| Total tax credits | $1 | $94 | $402 | $687 | $801 | $481 | $146 |
| Residential energy tax credit | $0 | $0 | $0 | $4 | $0 | $0 | $0 |
| Child tax credit | $0 | $34 | $246 | $517 | $567 | $367 | $0 |
| Child and dependent care credit | $0 | $12 | $46 | $53 | $66 | $65 | $53 |
| Earned income credit | $360 | $959 | $234 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $325 | $877 | $194 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $57 | $3,232 |
| Income tax | $32 | $457 | $2,092 | $4,926 | $8,044 | $16,045 | $81,741 |
| Total tax liability | $105 | $607 | $2,256 | $5,171 | $8,429 | $16,576 | $83,431 |
| Tax due at time of filing | $28 | $79 | $166 | $353 | $540 | $1,343 | $11,707 |
| Overpayments refunded | $-707 | $-2,050 | $-2,004 | $-2,211 | $-2,474 | $-2,511 | $-4,665 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
Please discuss this service and make suggestions for improvement.