Personal Finance
How Income Taxes Shrink a $100,000 Salary in All 50 States
See how a six-figure salary is reduced to teeny-tiny take-home pay where you live.
Not happy when you look closely at your paycheck and compare the gross amount with the far more puny net? It sure seems like a lot is lost to taxes — but do you have any idea just how much? You might be surprised. Using a SmartAsset paycheck calculator, we determined how income taxes shrink a hypothetical $100,000 salary in all 50 states and the District of Columbia.
See how a good-sized salary is reduced to teeny-tiny take-home pay where you live.
No wonder it's so tough to save money. (But you can do it!)
Find out what's happening in Across Alabamafor free with the latest updates from Patch.
What happens to paychecks in Alabama?
A cool evening in Fairhope, Alabama.
In this Southern state that's home to NASA's Marshall Space Flight Center, federal and state taxes bring a $100,000 salary into a more earthly orbit: an estimated take-home of **$72,123**.
State income tax eats up 3.97% of your $100K. Note that if you live or work in the city of Birmingham, you also pay a local income tax of 1%.
Find out what's happening in Across Alabamafor free with the latest updates from Patch.
The sales tax in Alabama is 4%, but shoppers can pay as much as 11% in state and local sales taxes. (A good cash-back credit card can help take some of the sting out of that.)
See the complete story on MoneyWise.com and find out how workers fare in other states.