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 Louisianafor free with the latest updates from Patch.
What happens to paychecks in Louisiana?
Shreveport, Louisiana, USA downtown skyline over the river..
The taxes in Lousiana may be enough to get some Cajuns ragin'. A $100,000 salary in the Pelican State becomes **$71,690** after federal and state taxes.
The state's share is 4.41%. But there are no local taxes on the bayou --- or anywhere else in Louisiana.
Find out what's happening in Across Louisianafor free with the latest updates from Patch.
There's also a state sales tax of 4.45%, which used to be 5% but was reduced in July 2018. With local sales taxes that can tack on another 7%, Louisiana shoppers pay an average sales tax of 9.45%, one of the highest in the U.S.
See the complete story on MoneyWise.com and find out how workers fare in other states.