IRS Income Data for Palm Springs, CA 92262
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 27% | 24% | 12% | 6% | 7% | 3% |
| Number of returns | 2,262 | 3,153 | 2,828 | 1,377 | 710 | 866 | 351 |
| Number of joint returns | 228 | 446 | 602 | 377 | 270 | 416 | 163 |
| Number of returns from paid preparer | 1,462 | 2,127 | 1,875 | 925 | 506 | 637 | 302 |
| Total number of exemptions | 2,745 | 5,708 | 5,168 | 2,316 | 1,210 | 1,610 | 654 |
| Total number of dependents | 322 | 1,208 | 870 | 311 | 137 | 197 | 81 |
| Adjusted gross income | $869 | $17,177 | $35,727 | $61,284 | $86,245 | $135,032 | $486,489 |
| Salaries and wages | $3,475 | $12,307 | $26,051 | $41,176 | $55,413 | $87,122 | $169,191 |
| Taxable interest | $797 | $702 | $1,157 | $2,359 | $2,874 | $2,898 | $13,954 |
| Ordinary dividends | $531 | $496 | $705 | $1,724 | $2,130 | $2,817 | $32,403 |
| Business or professional net income | $264 | $1,679 | $2,216 | $2,776 | $3,468 | $7,928 | $22,050 |
| Net capital gain | $37 | $-45 | $117 | $581 | $1,210 | $3,494 | $125,959 |
| Taxable individual retirement account distributions | $399 | $498 | $1,146 | $2,268 | $4,194 | $6,203 | $10,438 |
| Taxable pensions and annuities | $695 | $1,502 | $3,315 | $7,329 | $10,425 | $11,825 | $12,235 |
| Unemployment compensation | $184 | $531 | $511 | $438 | $453 | $386 | $0 |
| Taxable Social Security benefits | $0 | $125 | $1,217 | $3,378 | $4,555 | $4,525 | $4,829 |
| Self-employment retirement plans | $0 | $8 | $51 | $134 | $289 | $635 | $1,919 |
| Total itemized deductions | $6,035 | $3,465 | $7,420 | $15,848 | $23,665 | $38,198 | $112,767 |
| State and local income taxes | $240 | $133 | $409 | $1,747 | $4,035 | $7,993 | $41,696 |
| State and local general sales tax | $33 | $53 | $101 | $155 | $193 | $111 | $200 |
| Real estate taxes | $747 | $440 | $888 | $1,997 | $2,685 | $4,351 | $8,955 |
| Taxes paid | $1,319 | $658 | $1,487 | $4,095 | $7,121 | $12,817 | $51,284 |
| Mortgage interest paid | $3,049 | $1,503 | $3,289 | $6,942 | $10,093 | $16,325 | $23,724 |
| Contributions | $51 | $171 | $466 | $1,051 | $1,801 | $2,833 | $10,875 |
| Taxable income | $125 | $4,136 | $17,959 | $37,234 | $56,171 | $90,599 | $369,860 |
| Total tax credits | $0 | $76 | $282 | $290 | $305 | $239 | $454 |
| Residential energy tax credit | $0 | $0 | $0 | $11 | $0 | $0 | $0 |
| Child tax credit | $0 | $42 | $188 | $201 | $190 | $84 | $0 |
| Child and dependent care credit | $0 | $5 | $20 | $17 | $13 | $24 | $0 |
| Earned income credit | $285 | $905 | $196 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $225 | $794 | $159 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $88 | $360 | $8,485 |
| Income tax | $16 | $361 | $1,997 | $5,296 | $9,070 | $17,367 | $92,763 |
| Total tax liability | $248 | $659 | $2,407 | $5,830 | $9,871 | $18,667 | $98,080 |
| Tax due at time of filing | $109 | $137 | $393 | $706 | $1,150 | $2,438 | $13,628 |
| Overpayments refunded | $-755 | $-1,871 | $-1,725 | $-2,272 | $-2,532 | $-3,557 | $-10,895 |
| Total Tax Liability / AGI | 29% | 4% | 7% | 10% | 11% | 14% | 20% |
All numbers in the table are 2010 averages for that income class and zip code.
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