IRS Income Data for Olney, TX 76374
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 26% | 25% | 14% | 6% | 5% | 2% |
| Number of returns | 383 | 479 | 449 | 249 | 116 | 94 | 42 |
| Number of joint returns | 75 | 133 | 220 | 189 | 96 | 83 | 35 |
| Number of returns from paid preparer | 228 | 311 | 321 | 174 | 84 | 72 | 39 |
| Total number of exemptions | 485 | 946 | 1,177 | 666 | 328 | 247 | 101 |
| Total number of dependents | 78 | 185 | 215 | 124 | 63 | 33 | 15 |
| Adjusted gross income | $2,874 | $16,870 | $35,474 | $61,052 | $85,560 | $130,658 | $548,103 |
| Salaries and wages | $4,762 | $13,580 | $29,502 | $49,830 | $67,025 | $83,746 | $118,694 |
| Taxable interest | $316 | $511 | $827 | $1,067 | $978 | $4,345 | $23,822 |
| Ordinary dividends | $43 | $124 | $110 | $257 | $1,579 | $1,797 | $20,056 |
| Business or professional net income | $-214 | $1,273 | $1,866 | $2,459 | $6,276 | $15,075 | $173,880 |
| Net capital gain | $11 | $-7 | $94 | $393 | $623 | $2,622 | $37,918 |
| Taxable individual retirement account distributions | $278 | $392 | $433 | $1,024 | $1,018 | $2,636 | $0 |
| Taxable pensions and annuities | $682 | $1,244 | $2,277 | $3,535 | $4,056 | $7,331 | $0 |
| Unemployment compensation | $0 | $121 | $101 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $87 | $909 | $2,182 | $2,550 | $5,130 | $7,998 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $4,637 | $0 |
| Total itemized deductions | $628 | $1,073 | $1,338 | $3,661 | $6,119 | $13,109 | $25,498 |
| State and local income taxes | $0 | $0 | $0 | $0 | $192 | $0 | $0 |
| State and local general sales tax | $0 | $50 | $56 | $212 | $282 | $961 | $2,028 |
| Real estate taxes | $0 | $93 | $64 | $186 | $609 | $1,088 | $2,433 |
| Taxes paid | $70 | $104 | $140 | $412 | $1,076 | $2,135 | $5,518 |
| Mortgage interest paid | $0 | $0 | $324 | $520 | $922 | $2,535 | $3,098 |
| Contributions | $0 | $148 | $288 | $803 | $1,261 | $4,132 | $12,753 |
| Taxable income | $184 | $3,919 | $16,882 | $39,679 | $61,523 | $102,434 | $498,480 |
| Total tax credits | $0 | $49 | $424 | $743 | $904 | $491 | $261 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $22 | $330 | $600 | $657 | $359 | $0 |
| Child and dependent care credit | $0 | $0 | $15 | $29 | $69 | $0 | $0 |
| Earned income credit | $397 | $1,106 | $310 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $372 | $1,013 | $245 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $367 | $0 | $0 |
| Income tax | $19 | $374 | $1,609 | $4,683 | $8,035 | $18,233 | $136,212 |
| Total tax liability | $138 | $575 | $1,920 | $5,183 | $9,021 | $20,423 | $145,351 |
| Tax due at time of filing | $29 | $109 | $216 | $563 | $1,349 | $4,893 | $44,595 |
| Overpayments refunded | $-842 | $-2,245 | $-2,526 | $-2,502 | $-2,699 | $-2,503 | $-6,329 |
| Total Tax Liability / AGI | 5% | 3% | 5% | 8% | 11% | 16% | 27% |
All numbers in the table are 2010 averages for that income class and zip code.
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