IRS Income Data for Socorro, NM 87801
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 27% | 30% | 22% | 10% | 5% | 5% | 1% |
| Number of returns | 1,310 | 1,429 | 1,064 | 476 | 261 | 240 | 29 |
| Number of joint returns | 120 | 273 | 383 | 290 | 218 | 210 | 28 |
| Number of returns from paid preparer | 588 | 747 | 553 | 224 | 128 | 109 | 23 |
| Total number of exemptions | 1,607 | 2,731 | 2,199 | 1,105 | 690 | 596 | 76 |
| Total number of dependents | 274 | 639 | 429 | 185 | 117 | 86 | 11 |
| Adjusted gross income | $3,906 | $17,153 | $35,478 | $61,224 | $86,355 | $131,881 | $304,284 |
| Salaries and wages | $4,009 | $14,213 | $29,334 | $47,164 | $69,301 | $88,062 | $143,269 |
| Taxable interest | $133 | $189 | $647 | $1,480 | $1,730 | $2,492 | $4,257 |
| Ordinary dividends | $87 | $115 | $245 | $786 | $1,017 | $3,251 | $18,911 |
| Business or professional net income | $89 | $604 | $392 | $1,020 | $1,873 | $5,214 | $40,265 |
| Net capital gain | $-20 | $16 | $130 | $219 | $1,206 | $2,829 | $2,789 |
| Taxable individual retirement account distributions | $45 | $291 | $357 | $1,204 | $1,357 | $4,380 | $0 |
| Taxable pensions and annuities | $385 | $1,714 | $3,677 | $6,558 | $6,869 | $16,563 | $0 |
| Unemployment compensation | $63 | $160 | $174 | $201 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $27 | $753 | $2,619 | $3,111 | $5,838 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $240 | $570 | $1,928 | $5,475 | $7,224 | $15,224 | $33,184 |
| State and local income taxes | $47 | $60 | $174 | $626 | $1,145 | $3,402 | $13,333 |
| State and local general sales tax | $5 | $7 | $12 | $51 | $0 | $0 | $0 |
| Real estate taxes | $0 | $24 | $77 | $231 | $310 | $930 | $1,870 |
| Taxes paid | $65 | $88 | $285 | $908 | $1,494 | $4,498 | $15,266 |
| Mortgage interest paid | $66 | $135 | $616 | $2,110 | $3,206 | $4,605 | $8,984 |
| Contributions | $0 | $39 | $175 | $758 | $1,018 | $1,927 | $2,415 |
| Taxable income | $182 | $4,513 | $19,212 | $41,115 | $63,183 | $103,614 | $260,917 |
| Total tax credits | $0 | $109 | $406 | $595 | $757 | $441 | $273 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $52 | $299 | $464 | $558 | $188 | $0 |
| Child and dependent care credit | $0 | $4 | $16 | $21 | $47 | $0 | $0 |
| Earned income credit | $447 | $1,374 | $303 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $402 | $1,296 | $247 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $1,636 |
| Income tax | $18 | $380 | $1,961 | $5,319 | $8,552 | $18,265 | $62,637 |
| Total tax liability | $82 | $504 | $2,111 | $5,586 | $8,875 | $18,915 | $67,470 |
| Tax due at time of filing | $11 | $52 | $126 | $427 | $497 | $1,503 | $3,506 |
| Overpayments refunded | $-742 | $-2,482 | $-1,997 | $-1,840 | $-2,076 | $-2,469 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 9% | 10% | 14% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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