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 North Carolinafor free with the latest updates from Patch.
What happens to paychecks in North Carolina?
Asheville, North Carolina, USA at twilight..
North Carolina has bragging rights over its Carolina kin: Income taxes are lower here than in South Carolina.
A person earning $100,000 a year in North Carolina keeps **$71,126** after federal and state taxes, including a state tax on incomes that takes an estimated 4.97% from your six-figure salary.
Find out what's happening in Across North Carolinafor free with the latest updates from Patch.
The Tar Heel State has no local income taxes. There's a state sales tax of 4.75%, and thanks to local sales taxes you can pay as much as 7.5% in total tax on your purchases.
See the complete story on MoneyWise.com and find out how workers fare in other states.