IRS Income Data for Colorado Springs, CO 80928
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 22% | 25% | 19% | 9% | 5% | 0% |
| Number of returns | 81 | 91 | 103 | 77 | 35 | 22 | 0 |
| Number of joint returns | 19 | 28 | 59 | 55 | 31 | 22 | 0 |
| Number of returns from paid preparer | 34 | 37 | 46 | 38 | 16 | 13 | 0 |
| Total number of exemptions | 110 | 158 | 257 | 188 | 108 | 69 | 0 |
| Total number of dependents | 15 | 26 | 45 | 34 | 22 | 12 | 0 |
| Adjusted gross income | $1,411 | $17,629 | $34,612 | $60,465 | $86,047 | $123,879 | |
| Salaries and wages | $4,940 | $14,950 | $29,814 | $54,374 | $86,186 | $101,622 | |
| Taxable interest | $104 | $183 | $290 | $138 | $106 | $58 | |
| Ordinary dividends | $0 | $0 | $56 | $0 | $0 | $0 | |
| Business or professional net income | $-621 | $898 | $1,378 | $-45 | $0 | $0 | |
| Net capital gain | $304 | $0 | $0 | $-90 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $429 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,617 | $2,488 | $3,904 | $10,597 | $0 | |
| Unemployment compensation | $0 | $0 | $316 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,331 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $3,876 | $3,505 | $11,062 | $12,768 | $20,739 | |
| State and local income taxes | $491 | $0 | $202 | $1,195 | $2,204 | $3,926 | |
| State and local general sales tax | $0 | $84 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $142 | $0 | $129 | $411 | $664 | $717 | |
| Taxes paid | $0 | $673 | $422 | $1,785 | $3,195 | $5,120 | |
| Mortgage interest paid | $2,420 | $0 | $1,440 | $5,275 | $7,869 | $11,924 | |
| Contributions | $0 | $0 | $234 | $1,249 | $1,007 | $1,663 | |
| Taxable income | $0 | $4,786 | $15,908 | $37,162 | $59,273 | $91,161 | |
| Total tax credits | $0 | $70 | $364 | $679 | $1,399 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $223 | $470 | $1,237 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $388 | $809 | $467 | $0 | $0 | $0 | |
| Excess earned income credit | $351 | $636 | $406 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $440 | $1,546 | $4,443 | $7,893 | $14,730 | |
| Total tax liability | $118 | $657 | $1,764 | $4,513 | $8,015 | $14,803 | |
| Tax due at time of filing | $43 | $0 | $188 | $193 | $745 | $0 | |
| Overpayments refunded | $-762 | $-1,907 | $-2,745 | $-2,063 | $-2,724 | $-2,061 | |
| Total Tax Liability / AGI | 8% | 4% | 5% | 7% | 9% | 12% |
All numbers in the table are 2010 averages for that income class and zip code.
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