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 Connecticutfor free with the latest updates from Patch.
What happens to paychecks in Connecticut?
A view of the skyline and the Connecticut State Capitol Building in Hartford, Connecticut..
When you score a $100,000 salary in the state that's home to ESPN, federal and state taxes will kick it down to take-home pay of **$70,872**.
State income tax drains off 5.22% of those earnings. But Connecticut does not have local income taxes.
Find out what's happening in Across Connecticutfor free with the latest updates from Patch.
The Nutmeg State also doesn't let its cities, counties or other local jurisdictions collect their own sales taxes. So, the sales tax throughout Connecticut is the state rate: 6.35%.
See the complete story on MoneyWise.com and find out how workers fare in other states.
