IRS Income Data for Vado, NM 88072
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 35% | 24% | 8% | 6% | 4% | 0% |
| Number of returns | 73 | 114 | 78 | 26 | 18 | 13 | 0 |
| Number of joint returns | 11 | 26 | 39 | 23 | 17 | 11 | 0 |
| Number of returns from paid preparer | 37 | 73 | 59 | 16 | 13 | 0 | 0 |
| Total number of exemptions | 104 | 267 | 211 | 84 | 48 | 35 | 0 |
| Total number of dependents | 19 | 71 | 48 | 16 | 13 | 0 | 0 |
| Adjusted gross income | $5,060 | $17,015 | $33,026 | $61,186 | $87,730 | $128,027 | |
| Salaries and wages | $4,366 | $15,218 | $28,830 | $50,370 | $62,406 | $116,007 | |
| Taxable interest | $0 | $64 | $138 | $94 | $503 | $0 | |
| Ordinary dividends | $27 | $0 | $0 | $0 | $0 | $0 | |
| Business or professional net income | $0 | $1,477 | $473 | $0 | $0 | $0 | |
| Net capital gain | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $0 | $3,312 | $9,472 | $0 | $0 | |
| Unemployment compensation | $0 | $697 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,357 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $5,460 | $0 | $19,925 | $0 | |
| State and local income taxes | $0 | $0 | $260 | $0 | $3,394 | $0 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $336 | $0 | $1,383 | $0 | |
| Taxes paid | $0 | $0 | $676 | $0 | $5,079 | $0 | |
| Mortgage interest paid | $0 | $0 | $2,401 | $0 | $10,307 | $0 | |
| Contributions | $0 | $0 | $0 | $844 | $0 | $0 | |
| Taxable income | $197 | $3,185 | $13,962 | $36,250 | $63,079 | $99,506 | |
| Total tax credits | $0 | $109 | $540 | $1,081 | $0 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $54 | $407 | $1,397 | $0 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $709 | $2,120 | $569 | $0 | $0 | $0 | |
| Excess earned income credit | $662 | $1,933 | $476 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $20 | $234 | $1,099 | $3,709 | $8,623 | $17,676 | |
| Total tax liability | $96 | $442 | $1,185 | $4,089 | $9,331 | $17,812 | |
| Tax due at time of filing | $0 | $84 | $0 | $0 | $2,425 | $0 | |
| Overpayments refunded | $-988 | $-3,250 | $-2,800 | $-2,878 | $-2,720 | $0 | |
| Total Tax Liability / AGI | 2% | 3% | 4% | 7% | 11% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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