IRS Income Data for Boyd, TX 76023
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 22% | 24% | 17% | 11% | 8% | 1% |
| Number of returns | 462 | 579 | 638 | 439 | 277 | 203 | 34 |
| Number of joint returns | 83 | 139 | 272 | 302 | 237 | 184 | 31 |
| Number of returns from paid preparer | 235 | 340 | 377 | 294 | 178 | 139 | 30 |
| Total number of exemptions | 580 | 1,023 | 1,331 | 1,121 | 740 | 534 | 83 |
| Total number of dependents | 96 | 190 | 234 | 191 | 134 | 89 | 11 |
| Adjusted gross income | $3,209 | $17,116 | $36,656 | $61,464 | $86,322 | $127,526 | $423,263 |
| Salaries and wages | $3,996 | $13,897 | $30,438 | $51,835 | $70,336 | $91,789 | $134,825 |
| Taxable interest | $249 | $229 | $688 | $643 | $1,057 | $2,045 | $13,839 |
| Ordinary dividends | $16 | $63 | $99 | $157 | $187 | $381 | $2,642 |
| Business or professional net income | $-29 | $1,316 | $1,056 | $2,076 | $4,241 | $4,408 | $0 |
| Net capital gain | $9 | $94 | $176 | $184 | $617 | $2,033 | $16,793 |
| Taxable individual retirement account distributions | $162 | $277 | $559 | $1,294 | $1,023 | $3,422 | $0 |
| Taxable pensions and annuities | $527 | $1,451 | $2,814 | $3,795 | $4,379 | $6,902 | $0 |
| Unemployment compensation | $0 | $170 | $92 | $132 | $298 | $232 | $0 |
| Taxable Social Security benefits | $0 | $59 | $961 | $1,791 | $2,590 | $3,109 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,088 | $1,559 | $2,786 | $5,086 | $8,763 | $10,418 | $32,752 |
| State and local income taxes | $0 | $17 | $0 | $54 | $0 | $0 | $0 |
| State and local general sales tax | $38 | $43 | $145 | $326 | $659 | $833 | $2,035 |
| Real estate taxes | $125 | $117 | $303 | $586 | $1,027 | $1,152 | $4,404 |
| Taxes paid | $169 | $163 | $467 | $939 | $1,770 | $2,399 | $6,440 |
| Mortgage interest paid | $371 | $366 | $835 | $2,000 | $3,234 | $3,529 | $8,351 |
| Contributions | $0 | $127 | $346 | $615 | $1,138 | $1,908 | $8,131 |
| Taxable income | $161 | $4,598 | $19,599 | $40,286 | $61,802 | $101,610 | $378,859 |
| Total tax credits | $0 | $55 | $358 | $697 | $763 | $434 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $25 | $274 | $604 | $560 | $325 | $0 |
| Child and dependent care credit | $0 | $0 | $25 | $31 | $68 | $0 | $0 |
| Earned income credit | $419 | $965 | $175 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $355 | $827 | $140 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $266 | $0 |
| Income tax | $16 | $444 | $2,080 | $4,991 | $8,352 | $18,025 | $101,753 |
| Total tax liability | $159 | $688 | $2,329 | $5,439 | $9,072 | $18,808 | $104,005 |
| Tax due at time of filing | $45 | $106 | $265 | $450 | $1,023 | $2,509 | $14,801 |
| Overpayments refunded | $-849 | $-2,069 | $-2,091 | $-2,635 | $-2,762 | $-3,406 | $0 |
| Total Tax Liability / AGI | 5% | 4% | 6% | 9% | 11% | 15% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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