This post is sponsored and contributed by MoneyWise.com, a Patch Brand Partner.

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.

(ShutterStock)

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 Indianafor free with the latest updates from Patch.

What happens to paychecks in Indiana?

Downtown of Indianapolis by Indiana Central Canal
f11photo / Shutterstock
Downtown of Indianapolis by Indiana Central Canal.

In the Hoosier State, federal and state taxes shrink a $100,000 salary to **$72,898**, which might sound pretty good compared to other states. State taxes take 3.2% from your six-figure salary.

But, to borrow from the Indy 500, your paycheck would still have another lap to go. Indiana counties also tax incomes --- by up to another 2.86%.

Find out what's happening in Across Indianafor free with the latest updates from Patch.

Here's one source of relief: Indiana has a 7% sales tax, and it's the same throughout the state. Shoppers and merchants don't have to worry about local piggyback sales taxes.

See the complete story on MoneyWise.com and find out how workers fare in other states.

This post is sponsored and contributed by MoneyWise.com, a Patch Brand Partner.

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