IRS Income Data for Millsap, TX 76066
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 22% | 23% | 16% | 9% | 9% | 2% |
| Number of returns | 257 | 300 | 303 | 213 | 121 | 114 | 30 |
| Number of joint returns | 42 | 83 | 142 | 161 | 109 | 102 | 27 |
| Number of returns from paid preparer | 139 | 159 | 176 | 138 | 71 | 88 | 27 |
| Total number of exemptions | 290 | 516 | 687 | 546 | 338 | 314 | 71 |
| Total number of dependents | 46 | 91 | 130 | 93 | 60 | 57 | 0 |
| Adjusted gross income | $1,809 | $17,133 | $35,896 | $61,414 | $85,767 | $131,248 | $422,345 |
| Salaries and wages | $6,258 | $12,997 | $29,986 | $51,540 | $74,607 | $90,757 | $214,046 |
| Taxable interest | $397 | $525 | $710 | $918 | $1,425 | $4,139 | $14,873 |
| Ordinary dividends | $91 | $110 | $92 | $270 | $243 | $2,854 | $5,788 |
| Business or professional net income | $714 | $1,555 | $1,867 | $2,256 | $-595 | $4,449 | $0 |
| Net capital gain | $38 | $76 | $113 | $274 | $2 | $8,363 | $24,960 |
| Taxable individual retirement account distributions | $0 | $483 | $240 | $984 | $1,265 | $2,802 | $0 |
| Taxable pensions and annuities | $345 | $1,696 | $2,447 | $4,439 | $6,948 | $10,076 | $0 |
| Unemployment compensation | $0 | $0 | $60 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $45 | $663 | $2,238 | $2,265 | $3,179 | $7,435 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $1,821 | $2,424 | $5,289 | $8,642 | $16,091 | $20,614 |
| State and local income taxes | $0 | $0 | $0 | $174 | $0 | $0 | $0 |
| State and local general sales tax | $0 | $64 | $89 | $364 | $660 | $1,169 | $1,603 |
| Real estate taxes | $0 | $274 | $213 | $677 | $1,179 | $2,331 | $3,632 |
| Taxes paid | $0 | $385 | $503 | $1,103 | $1,926 | $3,831 | $5,725 |
| Mortgage interest paid | $0 | $540 | $769 | $1,697 | $2,588 | $5,862 | $8,176 |
| Contributions | $0 | $93 | $317 | $948 | $1,253 | $3,256 | $4,751 |
| Taxable income | $155 | $4,524 | $18,469 | $39,694 | $60,585 | $101,092 | $390,652 |
| Total tax credits | $0 | $55 | $363 | $605 | $752 | $367 | $271 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $30 | $270 | $551 | $632 | $301 | $0 |
| Child and dependent care credit | $0 | $0 | $29 | $0 | $0 | $0 | $0 |
| Earned income credit | $312 | $894 | $399 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $272 | $773 | $282 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $844 |
| Income tax | $15 | $433 | $1,913 | $4,887 | $8,091 | $17,258 | $107,197 |
| Total tax liability | $231 | $671 | $2,270 | $5,389 | $8,188 | $18,140 | $108,648 |
| Tax due at time of filing | $55 | $133 | $252 | $546 | $328 | $2,225 | $20,395 |
| Overpayments refunded | $-1,177 | $-1,857 | $-2,449 | $-2,249 | $-3,623 | $-3,381 | $0 |
| Total Tax Liability / AGI | 13% | 4% | 6% | 9% | 10% | 14% | 26% |
All numbers in the table are 2010 averages for that income class and zip code.
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