IRS Income Data for Alto, NM 88312
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 18% | 23% | 14% | 10% | 11% | 3% |
| Number of returns | 243 | 219 | 281 | 171 | 119 | 131 | 41 |
| Number of joint returns | 46 | 68 | 150 | 121 | 106 | 118 | 32 |
| Number of returns from paid preparer | 103 | 114 | 139 | 108 | 71 | 80 | 35 |
| Total number of exemptions | 283 | 350 | 552 | 368 | 260 | 303 | 84 |
| Total number of dependents | 25 | 44 | 69 | 41 | 22 | 39 | 0 |
| Adjusted gross income | $448 | $17,333 | $36,228 | $61,122 | $87,173 | $131,940 | $414,335 |
| Salaries and wages | $4,835 | $10,727 | $21,020 | $31,565 | $32,787 | $46,448 | $104,594 |
| Taxable interest | $1,007 | $651 | $1,253 | $2,442 | $3,091 | $3,139 | $13,382 |
| Ordinary dividends | $357 | $646 | $911 | $1,609 | $2,257 | $5,502 | $18,883 |
| Business or professional net income | $-3,165 | $2,262 | $1,320 | $1,830 | $3,891 | $7,521 | $21,691 |
| Net capital gain | $21 | $144 | $281 | $820 | $2,288 | $5,222 | $27,477 |
| Taxable individual retirement account distributions | $179 | $604 | $2,278 | $4,430 | $7,512 | $13,119 | $28,437 |
| Taxable pensions and annuities | $644 | $2,478 | $7,119 | $13,332 | $21,478 | $31,539 | $24,193 |
| Unemployment compensation | $0 | $289 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $189 | $1,903 | $5,020 | $8,380 | $10,003 | $8,415 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $4,488 | $3,377 | $6,525 | $11,068 | $16,004 | $22,807 | $50,506 |
| State and local income taxes | $392 | $0 | $279 | $913 | $1,579 | $4,347 | $15,562 |
| State and local general sales tax | $24 | $54 | $115 | $124 | $166 | $280 | $0 |
| Real estate taxes | $297 | $214 | $468 | $852 | $1,169 | $1,833 | $3,324 |
| Taxes paid | $664 | $326 | $894 | $1,974 | $3,037 | $6,591 | $19,312 |
| Mortgage interest paid | $1,823 | $1,295 | $2,598 | $5,338 | $7,083 | $8,585 | $13,487 |
| Contributions | $0 | $180 | $485 | $1,033 | $2,812 | $4,375 | $15,764 |
| Taxable income | $83 | $4,714 | $17,031 | $37,463 | $60,226 | $99,123 | $356,396 |
| Total tax credits | $0 | $54 | $216 | $383 | $220 | $197 | $221 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $181 | $317 | $226 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $14 | $0 | $0 | $0 | $0 |
| Earned income credit | $302 | $545 | $112 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $240 | $451 | $95 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,927 |
| Income tax | $8 | $437 | $1,797 | $4,610 | $8,180 | $16,990 | $95,172 |
| Total tax liability | $169 | $837 | $2,185 | $4,999 | $9,143 | $18,044 | $97,362 |
| Tax due at time of filing | $58 | $216 | $383 | $406 | $1,159 | $3,061 | $9,472 |
| Overpayments refunded | $-753 | $-1,323 | $-1,608 | $-1,851 | $-1,483 | $-2,991 | $0 |
| Total Tax Liability / AGI | 38% | 5% | 6% | 8% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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