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 Alaskafor free with the latest updates from Patch.
What happens to paychecks in Alaska?
A panoramic view of tundra and mountainous landscape in the last frontier of Alaska.
In America's northernmost state, a $100,000 salary heads south to an estimated **$75,898** in take-home pay after federal taxes.
There are no state or local income taxes in Alaska; in fact, if you live here the state pays YOU. Most citizens receive an annual dividend from the state's oil wealth, which presents a golden opportunity for savings each year. Residents received $1,600 per person in 2018.
Find out what's happening in Across Alaskafor free with the latest updates from Patch.
Alaska also has no state sales tax, though you might pay up to 7.5% in local sales taxes.
See the complete story on MoneyWise.com and find out how workers fare in other states.