IRS Income Data for Salem, NM 87941
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 30% | 43% | 24% | 3% | 0% | 0% | 0% |
| Number of returns | 185 | 268 | 146 | 21 | 0 | 0 | 0 |
| Number of joint returns | 26 | 87 | 109 | 19 | 0 | 0 | 0 |
| Number of returns from paid preparer | 134 | 215 | 121 | 10 | 0 | 0 | 0 |
| Total number of exemptions | 274 | 697 | 566 | 69 | 0 | 0 | 0 |
| Total number of dependents | 65 | 200 | 124 | 14 | 0 | 0 | 0 |
| Adjusted gross income | $4,890 | $16,694 | $33,056 | $66,298 | |||
| Salaries and wages | $4,609 | $13,275 | $25,617 | $39,919 | |||
| Taxable interest | $11 | $28 | $111 | $0 | |||
| Ordinary dividends | $0 | $0 | $0 | $0 | |||
| Business or professional net income | $216 | $986 | $1,862 | $0 | |||
| Net capital gain | $0 | $0 | $0 | $0 | |||
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | |||
| Taxable pensions and annuities | $0 | $574 | $2,186 | $0 | |||
| Unemployment compensation | $354 | $1,799 | $3,976 | $0 | |||
| Taxable Social Security benefits | $0 | $0 | $0 | $0 | |||
| Self-employment retirement plans | $0 | $0 | $0 | $0 | |||
| Total itemized deductions | $0 | $0 | $1,457 | $0 | |||
| State and local income taxes | $0 | $0 | $0 | $0 | |||
| State and local general sales tax | $0 | $0 | $0 | $0 | |||
| Real estate taxes | $0 | $0 | $0 | $0 | |||
| Taxes paid | $0 | $0 | $184 | $0 | |||
| Mortgage interest paid | $0 | $0 | $0 | $0 | |||
| Contributions | $0 | $0 | $0 | $0 | |||
| Taxable income | $182 | $2,352 | $9,583 | $36,585 | |||
| Total tax credits | $0 | $94 | $612 | $1,088 | |||
| Residential energy tax credit | $0 | $0 | $0 | $0 | |||
| Child tax credit | $0 | $75 | $713 | $0 | |||
| Child and dependent care credit | $0 | $0 | $0 | $0 | |||
| Earned income credit | $686 | $2,047 | $1,190 | $0 | |||
| Excess earned income credit | $657 | $1,882 | $1,002 | $0 | |||
| Alternative minimum tax | $0 | $0 | $0 | $0 | |||
| Income tax | $18 | $157 | $429 | $3,584 | |||
| Total tax liability | $61 | $330 | $727 | $3,394 | |||
| Tax due at time of filing | $16 | $25 | $66 | $0 | |||
| Overpayments refunded | $-872 | $-2,883 | $-3,096 | $-1,903 | |||
| Total Tax Liability / AGI | 1% | 2% | 2% | 5% |
All numbers in the table are 2010 averages for that income class and zip code.
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