IRS Income Data for Hemphill, TX 75948
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 26% | 22% | 14% | 8% | 9% | 2% |
| Number of returns | 459 | 625 | 527 | 351 | 191 | 209 | 59 |
| Number of joint returns | 113 | 243 | 289 | 269 | 166 | 178 | 48 |
| Number of returns from paid preparer | 194 | 327 | 292 | 207 | 112 | 141 | 48 |
| Total number of exemptions | 643 | 1,211 | 1,131 | 853 | 434 | 495 | 127 |
| Total number of dependents | 94 | 208 | 171 | 126 | 45 | 64 | 13 |
| Adjusted gross income | $3,256 | $16,854 | $36,075 | $61,674 | $85,986 | $131,946 | $517,082 |
| Salaries and wages | $3,446 | $9,327 | $21,809 | $37,590 | $49,837 | $76,586 | $107,808 |
| Taxable interest | $438 | $712 | $1,213 | $1,651 | $2,181 | $3,502 | $22,819 |
| Ordinary dividends | $177 | $322 | $531 | $832 | $1,131 | $2,406 | $12,391 |
| Business or professional net income | $524 | $1,237 | $1,171 | $1,126 | $1,878 | $9,163 | $14,424 |
| Net capital gain | $139 | $51 | $33 | $609 | $1,361 | $2,572 | $86,587 |
| Taxable individual retirement account distributions | $240 | $1,149 | $2,232 | $3,775 | $7,667 | $10,448 | $5,953 |
| Taxable pensions and annuities | $962 | $3,790 | $7,311 | $10,391 | $12,981 | $13,111 | $5,896 |
| Unemployment compensation | $58 | $161 | $293 | $381 | $339 | $311 | $0 |
| Taxable Social Security benefits | $0 | $140 | $2,175 | $5,050 | $7,096 | $6,050 | $7,608 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,193 | $828 | $3,018 | $5,863 | $10,412 | $15,625 | $21,656 |
| State and local income taxes | $0 | $0 | $63 | $136 | $284 | $710 | $0 |
| State and local general sales tax | $0 | $35 | $106 | $236 | $474 | $827 | $1,618 |
| Real estate taxes | $70 | $76 | $181 | $364 | $669 | $1,156 | $1,941 |
| Taxes paid | $128 | $121 | $348 | $757 | $1,457 | $2,705 | $3,987 |
| Mortgage interest paid | $0 | $279 | $382 | $981 | $1,604 | $2,934 | $3,189 |
| Contributions | $47 | $151 | $280 | $671 | $1,303 | $1,988 | $12,214 |
| Taxable income | $96 | $3,263 | $17,851 | $39,061 | $61,148 | $102,504 | $484,461 |
| Total tax credits | $0 | $41 | $269 | $537 | $368 | $901 | $149 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $27 | $221 | $459 | $314 | $186 | $0 |
| Child and dependent care credit | $0 | $0 | $12 | $10 | $0 | $0 | $0 |
| Earned income credit | $418 | $1,078 | $255 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $368 | $925 | $201 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $386 | $1,685 |
| Income tax | $10 | $297 | $1,891 | $4,798 | $8,531 | $18,173 | $107,676 |
| Total tax liability | $159 | $539 | $2,190 | $5,136 | $8,999 | $19,291 | $109,337 |
| Tax due at time of filing | $45 | $86 | $230 | $688 | $1,241 | $3,373 | $36,605 |
| Overpayments refunded | $-688 | $-1,962 | $-1,912 | $-2,256 | $-2,298 | $-3,532 | $-7,207 |
| Total Tax Liability / AGI | 5% | 3% | 6% | 8% | 10% | 15% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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