IRS Income Data for Colorado Springs, CO 80908
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 12% | 14% | 12% | 12% | 24% | 8% |
| Number of returns | 1,104 | 735 | 844 | 741 | 737 | 1,466 | 472 |
| Number of joint returns | 135 | 175 | 366 | 499 | 603 | 1,364 | 448 |
| Number of returns from paid preparer | 465 | 322 | 423 | 404 | 372 | 686 | 327 |
| Total number of exemptions | 844 | 1,061 | 1,671 | 1,830 | 2,020 | 4,503 | 1,532 |
| Total number of dependents | 102 | 129 | 241 | 294 | 321 | 800 | 283 |
| Adjusted gross income | $1,869 | $16,841 | $36,924 | $62,353 | $86,794 | $136,994 | $380,632 |
| Salaries and wages | $5,349 | $11,441 | $25,164 | $41,251 | $61,940 | $104,812 | $209,667 |
| Taxable interest | $525 | $741 | $2,079 | $1,477 | $2,139 | $2,104 | $11,361 |
| Ordinary dividends | $536 | $404 | $1,248 | $1,272 | $1,938 | $2,262 | $6,210 |
| Business or professional net income | $122 | $1,460 | $1,597 | $3,564 | $2,876 | $3,582 | $8,885 |
| Net capital gain | $238 | $420 | $776 | $985 | $1,024 | $2,449 | $45,587 |
| Taxable individual retirement account distributions | $189 | $671 | $1,504 | $2,038 | $2,249 | $2,845 | $4,523 |
| Taxable pensions and annuities | $453 | $2,298 | $5,165 | $8,872 | $11,067 | $14,587 | $15,916 |
| Unemployment compensation | $48 | $120 | $253 | $341 | $285 | $163 | $0 |
| Taxable Social Security benefits | $0 | $149 | $1,234 | $2,417 | $3,137 | $2,041 | $1,732 |
| Self-employment retirement plans | $0 | $0 | $0 | $100 | $282 | $236 | $1,064 |
| Total itemized deductions | $3,333 | $4,355 | $9,888 | $16,145 | $20,148 | $29,659 | $60,389 |
| State and local income taxes | $346 | $101 | $554 | $1,423 | $2,223 | $4,737 | $15,282 |
| State and local general sales tax | $20 | $43 | $114 | $156 | $144 | $117 | $87 |
| Real estate taxes | $255 | $359 | $750 | $1,322 | $1,684 | $2,363 | $4,117 |
| Taxes paid | $650 | $534 | $1,513 | $3,085 | $4,340 | $7,630 | $20,161 |
| Mortgage interest paid | $1,622 | $2,199 | $4,693 | $8,625 | $10,666 | $15,742 | $24,009 |
| Contributions | $50 | $310 | $877 | $1,760 | $2,744 | $4,030 | $13,111 |
| Taxable income | $363 | $5,147 | $17,688 | $34,815 | $54,788 | $95,789 | $310,135 |
| Total tax credits | $1 | $95 | $288 | $632 | $873 | $516 | $370 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $12 | $151 | $469 | $620 | $378 | $0 |
| Child and dependent care credit | $0 | $0 | $25 | $29 | $21 | $31 | $25 |
| Earned income credit | $141 | $454 | $141 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $103 | $346 | $96 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $50 | $1,807 |
| Income tax | $34 | $451 | $1,879 | $4,106 | $7,004 | $16,317 | $77,707 |
| Total tax liability | $156 | $778 | $2,315 | $4,874 | $7,784 | $17,012 | $79,202 |
| Tax due at time of filing | $57 | $149 | $220 | $597 | $606 | $1,101 | $10,305 |
| Overpayments refunded | $-845 | $-1,352 | $-2,100 | $-2,819 | $-3,213 | $-3,204 | $-6,210 |
| Total Tax Liability / AGI | 8% | 5% | 6% | 8% | 9% | 12% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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