IRS Income Data for Cresson, TX 76035
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 16% | 18% | 16% | 10% | 18% | 7% |
| Number of returns | 109 | 112 | 128 | 109 | 70 | 127 | 48 |
| Number of joint returns | 19 | 32 | 53 | 67 | 58 | 119 | 44 |
| Number of returns from paid preparer | 47 | 62 | 69 | 61 | 36 | 70 | 34 |
| Total number of exemptions | 123 | 196 | 266 | 266 | 180 | 352 | 133 |
| Total number of dependents | 18 | 31 | 45 | 46 | 28 | 58 | 21 |
| Adjusted gross income | $2,453 | $16,423 | $36,658 | $62,300 | $86,079 | $136,271 | $472,061 |
| Salaries and wages | $3,440 | $13,501 | $30,601 | $53,037 | $70,013 | $109,083 | $165,656 |
| Taxable interest | $125 | $179 | $568 | $584 | $262 | $3,192 | $5,735 |
| Ordinary dividends | $285 | $0 | $345 | $197 | $603 | $922 | $3,838 |
| Business or professional net income | $-2,161 | $822 | $1,498 | $1,371 | $523 | $5,998 | $15,101 |
| Net capital gain | $-154 | $0 | $12 | $-44 | $0 | $2,140 | $17,196 |
| Taxable individual retirement account distributions | $0 | $0 | $2,200 | $0 | $0 | $6,619 | $0 |
| Taxable pensions and annuities | $0 | $1,960 | $1,697 | $4,279 | $8,189 | $5,935 | $7,844 |
| Unemployment compensation | $0 | $604 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,006 | $2,040 | $2,378 | $2,028 | $5,001 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $4,916 | $0 | $4,233 | $6,407 | $14,794 | $19,393 | $35,511 |
| State and local income taxes | $0 | $0 | $0 | $0 | $331 | $0 | $0 |
| State and local general sales tax | $0 | $0 | $232 | $475 | $904 | $1,448 | $2,634 |
| Real estate taxes | $440 | $0 | $455 | $896 | $2,717 | $4,128 | $6,376 |
| Taxes paid | $655 | $0 | $707 | $1,569 | $3,806 | $5,904 | $9,122 |
| Mortgage interest paid | $0 | $0 | $1,979 | $2,016 | $6,263 | $8,902 | $16,887 |
| Contributions | $0 | $0 | $944 | $560 | $2,338 | $3,235 | $9,874 |
| Taxable income | $101 | $4,031 | $19,375 | $41,313 | $57,778 | $104,584 | $427,087 |
| Total tax credits | $0 | $0 | $364 | $651 | $615 | $400 | $150 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $255 | $579 | $560 | $319 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $59 | $0 | $47 | $0 |
| Earned income credit | $348 | $940 | $226 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $304 | $842 | $209 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $666 |
| Income tax | $10 | $410 | $2,063 | $5,282 | $7,818 | $18,627 | $116,273 |
| Total tax liability | $124 | $627 | $2,410 | $5,666 | $8,173 | $19,671 | $118,200 |
| Tax due at time of filing | $0 | $108 | $146 | $269 | $634 | $1,640 | $20,086 |
| Overpayments refunded | $-1,432 | $-2,021 | $-2,350 | $-2,437 | $-3,410 | $-3,766 | $-3,968 |
| Total Tax Liability / AGI | 5% | 4% | 7% | 9% | 9% | 14% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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