IRS: Laconia income plunged 18.5% from 2000-2011; 'earned income' tax credit handouts up 45%
At the turn of the century, average adjusted gross income (AGI), adjusted for inflation, of tax returns filed in the 03246 zip code was $44,968. By 2011, AGI had shrunk by 18.5-percent to $36,661. Reflecting the downward pressures on incomes, the numbers of those filing returns for earned income tax credits, a refundable tax credit for individuals and couples with low to moderate earnings — especially those with children, rose by almost half, from 1,000 in 2000 to 1,453 in 2011, a jump of 45-percent.
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