IRS Income Data for Newark, TX 76071
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 15% | 22% | 24% | 16% | 9% | 13% | 1% |
| Number of returns | 207 | 300 | 324 | 223 | 116 | 174 | 17 |
| Number of joint returns | 32 | 68 | 147 | 150 | 100 | 161 | 16 |
| Number of returns from paid preparer | 92 | 179 | 193 | 144 | 62 | 97 | 14 |
| Total number of exemptions | 233 | 531 | 736 | 563 | 332 | 520 | 51 |
| Total number of dependents | 40 | 100 | 146 | 104 | 61 | 104 | 0 |
| Adjusted gross income | $3,864 | $16,659 | $36,705 | $62,486 | $86,139 | $132,807 | $677,433 |
| Salaries and wages | $4,313 | $12,699 | $31,214 | $51,484 | $76,666 | $113,885 | $205,421 |
| Taxable interest | $164 | $220 | $306 | $673 | $278 | $863 | $4,011 |
| Ordinary dividends | $0 | $27 | $95 | $42 | $87 | $380 | $0 |
| Business or professional net income | $167 | $1,177 | $1,098 | $1,710 | $1,726 | $2,730 | $0 |
| Net capital gain | $-38 | $0 | $-33 | $19 | $-109 | $1,600 | $0 |
| Taxable individual retirement account distributions | $0 | $367 | $644 | $1,284 | $0 | $2,849 | $0 |
| Taxable pensions and annuities | $236 | $1,298 | $2,320 | $3,925 | $3,898 | $6,373 | $0 |
| Unemployment compensation | $0 | $194 | $318 | $176 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $51 | $770 | $2,702 | $2,407 | $2,004 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $937 | $2,595 | $6,803 | $13,079 | $20,260 | $26,765 |
| State and local income taxes | $0 | $0 | $66 | $0 | $0 | $198 | $0 |
| State and local general sales tax | $0 | $38 | $142 | $410 | $944 | $1,528 | $3,227 |
| Real estate taxes | $0 | $104 | $374 | $897 | $1,983 | $3,649 | $4,274 |
| Taxes paid | $0 | $145 | $556 | $1,363 | $3,058 | $5,435 | $7,689 |
| Mortgage interest paid | $0 | $376 | $773 | $2,069 | $5,067 | $8,939 | $11,170 |
| Contributions | $0 | $113 | $431 | $876 | $1,678 | $3,088 | $10,567 |
| Taxable income | $253 | $4,506 | $19,091 | $40,097 | $58,448 | $99,840 | $605,040 |
| Total tax credits | $0 | $56 | $415 | $704 | $934 | $612 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $29 | $331 | $616 | $710 | $355 | $0 |
| Child and dependent care credit | $0 | $0 | $31 | $55 | $0 | $54 | $0 |
| Earned income credit | $441 | $1,056 | $273 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $399 | $914 | $228 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $25 | $430 | $1,950 | $4,979 | $7,679 | $17,398 | $112,350 |
| Total tax liability | $102 | $679 | $2,305 | $5,398 | $8,188 | $18,078 | $114,213 |
| Tax due at time of filing | $27 | $79 | $224 | $438 | $495 | $1,465 | $11,516 |
| Overpayments refunded | $-747 | $-2,098 | $-2,417 | $-2,582 | $-3,305 | $-2,461 | $0 |
| Total Tax Liability / AGI | 3% | 4% | 6% | 9% | 10% | 14% | 17% |
All numbers in the table are 2010 averages for that income class and zip code.
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