IRS Income Data for Quitman, AR 72131
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 24% | 27% | 14% | 8% | 6% | 1% |
| Number of returns | 371 | 445 | 486 | 257 | 138 | 108 | 21 |
| Number of joint returns | 86 | 164 | 292 | 207 | 117 | 96 | 21 |
| Number of returns from paid preparer | 223 | 315 | 347 | 183 | 110 | 93 | 19 |
| Total number of exemptions | 483 | 856 | 1,088 | 694 | 359 | 277 | 62 |
| Total number of dependents | 77 | 145 | 174 | 126 | 57 | 47 | 0 |
| Adjusted gross income | $2,975 | $17,094 | $36,752 | $60,333 | $86,104 | $127,838 | $418,067 |
| Salaries and wages | $3,963 | $11,740 | $26,419 | $47,867 | $62,330 | $74,310 | $153,284 |
| Taxable interest | $425 | $780 | $808 | $1,040 | $1,228 | $2,606 | $29,696 |
| Ordinary dividends | $68 | $173 | $153 | $252 | $941 | $3,003 | $0 |
| Business or professional net income | $178 | $1,326 | $2,000 | $1,243 | $3,564 | $3,081 | $0 |
| Net capital gain | $96 | $-6 | $518 | $698 | $1,931 | $9,295 | $50,994 |
| Taxable individual retirement account distributions | $257 | $730 | $777 | $929 | $4,203 | $6,671 | $0 |
| Taxable pensions and annuities | $706 | $2,369 | $4,123 | $5,310 | $6,862 | $20,283 | $0 |
| Unemployment compensation | $127 | $463 | $389 | $460 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $117 | $1,375 | $2,507 | $3,953 | $7,047 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,276 | $1,242 | $3,244 | $5,783 | $9,737 | $18,042 | $39,284 |
| State and local income taxes | $25 | $49 | $251 | $814 | $2,141 | $4,310 | $20,000 |
| State and local general sales tax | $0 | $36 | $77 | $142 | $0 | $269 | $0 |
| Real estate taxes | $40 | $36 | $83 | $163 | $408 | $759 | $1,224 |
| Taxes paid | $87 | $170 | $443 | $1,149 | $2,766 | $5,489 | $22,352 |
| Mortgage interest paid | $357 | $236 | $808 | $1,813 | $3,137 | $5,210 | $6,505 |
| Contributions | $36 | $229 | $584 | $829 | $1,676 | $3,320 | $5,849 |
| Taxable income | $221 | $3,869 | $18,330 | $37,886 | $61,784 | $97,052 | $368,624 |
| Total tax credits | $0 | $38 | $325 | $760 | $680 | $483 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $17 | $260 | $653 | $533 | $332 | $0 |
| Child and dependent care credit | $0 | $0 | $11 | $42 | $0 | $0 | $0 |
| Earned income credit | $434 | $962 | $240 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $372 | $845 | $178 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $3,651 |
| Income tax | $21 | $370 | $1,863 | $4,314 | $8,208 | $16,138 | $87,343 |
| Total tax liability | $144 | $574 | $2,230 | $4,540 | $8,930 | $16,713 | $87,544 |
| Tax due at time of filing | $51 | $95 | $291 | $331 | $1,057 | $3,162 | $24,108 |
| Overpayments refunded | $-767 | $-1,992 | $-1,919 | $-2,239 | $-2,396 | $-3,116 | $0 |
| Total Tax Liability / AGI | 5% | 3% | 6% | 8% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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