IRS Income Data for Lake Arthur, NM 88253
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 26% | 24% | 12% | 8% | 8% | 0% |
| Number of returns | 83 | 98 | 92 | 46 | 30 | 31 | 0 |
| Number of joint returns | 12 | 20 | 36 | 35 | 24 | 29 | 0 |
| Number of returns from paid preparer | 45 | 64 | 60 | 34 | 24 | 25 | 0 |
| Total number of exemptions | 92 | 195 | 240 | 141 | 101 | 83 | 0 |
| Total number of dependents | 17 | 47 | 49 | 31 | 23 | 11 | 0 |
| Adjusted gross income | $2,873 | $17,327 | $34,476 | $59,758 | $88,463 | $202,596 | |
| Salaries and wages | $4,213 | $16,029 | $32,045 | $57,509 | $70,200 | $60,295 | |
| Taxable interest | $341 | $0 | $25 | $46 | $303 | $2,018 | |
| Ordinary dividends | $192 | $0 | $0 | $0 | $707 | $0 | |
| Business or professional net income | $847 | $0 | $117 | $0 | $4,462 | $0 | |
| Net capital gain | $-77 | $0 | $0 | $0 | $0 | $42,732 | |
| Taxable individual retirement account distributions | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $0 | $0 | $3,116 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $543 | $0 | $0 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $0 | $0 | $8,622 | $0 | $14,351 | |
| State and local income taxes | $0 | $0 | $0 | $1,106 | $0 | $4,174 | |
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $91 | $0 | $0 | $302 | |
| Taxes paid | $0 | $0 | $0 | $1,487 | $0 | $4,967 | |
| Mortgage interest paid | $0 | $0 | $0 | $1,506 | $0 | $0 | |
| Contributions | $0 | $0 | $205 | $0 | $0 | $2,825 | |
| Taxable income | $286 | $4,534 | $16,778 | $36,949 | $64,475 | $175,100 | |
| Total tax credits | $0 | $53 | $484 | $943 | $1,321 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $31 | $400 | $892 | $1,290 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $331 | $1,468 | $434 | $0 | $0 | $0 | |
| Excess earned income credit | $324 | $1,392 | $379 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $27 | $433 | $1,596 | $4,090 | $8,460 | $25,899 | |
| Total tax liability | $87 | $504 | $1,669 | $4,298 | $9,397 | $38,122 | |
| Tax due at time of filing | $131 | $0 | $0 | $755 | $0 | $12,682 | |
| Overpayments refunded | $-676 | $-2,490 | $-2,221 | $-3,176 | $-2,499 | $0 | |
| Total Tax Liability / AGI | 3% | 3% | 5% | 7% | 11% | 19% |
All numbers in the table are 2010 averages for that income class and zip code.
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