IRS Income Data for Magazine, AR 72943
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 30% | 26% | 13% | 5% | 5% | 0% |
| Number of returns | 196 | 281 | 247 | 124 | 48 | 51 | 0 |
| Number of joint returns | 35 | 98 | 144 | 99 | 42 | 42 | 0 |
| Number of returns from paid preparer | 139 | 207 | 182 | 98 | 38 | 47 | 0 |
| Total number of exemptions | 290 | 616 | 588 | 341 | 147 | 149 | 0 |
| Total number of dependents | 52 | 132 | 112 | 57 | 27 | 26 | 0 |
| Adjusted gross income | $3,737 | $17,092 | $35,722 | $61,022 | $86,907 | $152,252 | |
| Salaries and wages | $4,286 | $12,312 | $28,725 | $45,017 | $63,780 | $90,382 | |
| Taxable interest | $278 | $466 | $477 | $1,508 | $615 | $2,450 | |
| Ordinary dividends | $0 | $62 | $9 | $215 | $0 | $0 | |
| Business or professional net income | $849 | $1,262 | $644 | $454 | $4,065 | $0 | |
| Net capital gain | $0 | $-3 | $101 | $149 | $435 | $0 | |
| Taxable individual retirement account distributions | $0 | $375 | $505 | $1,635 | $0 | $0 | |
| Taxable pensions and annuities | $648 | $1,646 | $3,670 | $5,633 | $6,352 | $11,584 | |
| Unemployment compensation | $132 | $676 | $802 | $1,127 | $963 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $758 | $2,819 | $5,244 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $1,033 | $1,912 | $5,197 | $8,112 | $21,231 | |
| State and local income taxes | $0 | $0 | $174 | $668 | $1,440 | $7,590 | |
| State and local general sales tax | $46 | $0 | $98 | $0 | $0 | $0 | |
| Real estate taxes | $25 | $0 | $32 | $96 | $0 | $314 | |
| Taxes paid | $0 | $102 | $259 | $924 | $1,658 | $8,149 | |
| Mortgage interest paid | $0 | $0 | $421 | $909 | $0 | $2,573 | |
| Contributions | $0 | $0 | $452 | $861 | $0 | $3,695 | |
| Taxable income | $120 | $3,644 | $17,516 | $38,587 | $60,389 | $117,770 | |
| Total tax credits | $0 | $31 | $424 | $753 | $1,096 | $591 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $22 | $361 | $627 | $961 | $541 | |
| Child and dependent care credit | $0 | $0 | $18 | $0 | $0 | $0 | |
| Earned income credit | $636 | $1,494 | $345 | $0 | $0 | $0 | |
| Excess earned income credit | $575 | $1,313 | $281 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $537 | |
| Income tax | $12 | $363 | $1,659 | $4,468 | $7,722 | $23,985 | |
| Total tax liability | $142 | $650 | $1,904 | $4,790 | $8,580 | $25,170 | |
| Tax due at time of filing | $25 | $90 | $219 | $999 | $0 | $3,841 | |
| Overpayments refunded | $-953 | $-2,542 | $-2,360 | $-2,194 | $-3,249 | $-3,084 | |
| Total Tax Liability / AGI | 4% | 4% | 5% | 8% | 10% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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