IRS Income Data for Menlo Park, CA 94025
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 11% | 16% | 11% | 9% | 18% | 20% |
| Number of returns | 2,687 | 2,143 | 2,986 | 2,173 | 1,618 | 3,493 | 3,824 |
| Number of joint returns | 185 | 281 | 619 | 602 | 644 | 2,071 | 3,173 |
| Number of returns from paid preparer | 1,450 | 1,282 | 1,675 | 1,167 | 903 | 2,004 | 2,681 |
| Total number of exemptions | 2,126 | 3,254 | 5,158 | 3,779 | 2,983 | 7,798 | 11,434 |
| Total number of dependents | 249 | 546 | 781 | 534 | 416 | 1,292 | 2,296 |
| Adjusted gross income | $1,853 | $17,342 | $36,793 | $61,781 | $86,735 | $142,869 | $764,555 |
| Salaries and wages | $3,460 | $11,971 | $26,674 | $43,496 | $59,747 | $100,338 | $420,273 |
| Taxable interest | $841 | $940 | $1,281 | $2,334 | $3,287 | $4,467 | $35,676 |
| Ordinary dividends | $1,113 | $1,158 | $1,739 | $3,057 | $4,565 | $7,229 | $46,958 |
| Business or professional net income | $579 | $1,562 | $2,753 | $3,920 | $4,571 | $10,545 | $40,260 |
| Net capital gain | $-230 | $101 | $255 | $234 | $683 | $2,767 | $121,689 |
| Taxable individual retirement account distributions | $232 | $556 | $801 | $1,587 | $3,165 | $3,978 | $4,489 |
| Taxable pensions and annuities | $322 | $1,286 | $2,217 | $4,307 | $5,627 | $7,356 | $4,843 |
| Unemployment compensation | $60 | $302 | $312 | $281 | $279 | $301 | $278 |
| Taxable Social Security benefits | $0 | $143 | $1,198 | $2,793 | $3,862 | $3,970 | $2,495 |
| Self-employment retirement plans | $0 | $55 | $87 | $184 | $396 | $1,430 | $5,460 |
| Total itemized deductions | $4,803 | $4,929 | $7,528 | $13,335 | $19,884 | $36,643 | $163,067 |
| State and local income taxes | $503 | $295 | $893 | $1,753 | $4,249 | $10,429 | $81,868 |
| State and local general sales tax | $20 | $53 | $82 | $108 | $79 | $58 | $18 |
| Real estate taxes | $814 | $616 | $961 | $1,891 | $2,772 | $5,091 | $14,266 |
| Taxes paid | $1,505 | $1,006 | $2,000 | $3,855 | $7,235 | $15,477 | $96,606 |
| Mortgage interest paid | $1,749 | $1,719 | $3,044 | $5,538 | $7,394 | $13,750 | $29,223 |
| Contributions | $30 | $198 | $456 | $868 | $1,511 | $2,908 | $23,377 |
| Taxable income | $467 | $5,486 | $20,325 | $39,943 | $58,880 | $98,642 | $599,662 |
| Total tax credits | $5 | $90 | $283 | $313 | $387 | $355 | $5,185 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $5 | $11 |
| Child tax credit | $0 | $26 | $158 | $214 | $239 | $115 | $0 |
| Child and dependent care credit | $0 | $0 | $11 | $16 | $21 | $33 | $63 |
| Earned income credit | $135 | $403 | $82 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $105 | $333 | $62 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $10 | $42 | $539 | $13,789 |
| Income tax | $49 | $500 | $2,310 | $5,953 | $9,546 | $18,836 | $167,094 |
| Total tax liability | $203 | $823 | $2,778 | $6,623 | $10,375 | $20,342 | $172,307 |
| Tax due at time of filing | $77 | $161 | $342 | $651 | $685 | $1,380 | $12,815 |
| Overpayments refunded | $-965 | $-1,495 | $-1,869 | $-2,251 | $-3,008 | $-5,142 | $-13,536 |
| Total Tax Liability / AGI | 11% | 5% | 8% | 11% | 12% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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