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 Pennsylvaniafor free with the latest updates from Patch.
What happens to paychecks in Pennsylvania?
View of Main Street in Shrewsbury, Pennsylvania.
Pennsylvania is the state that gave America its Declaration of Independence (in Philadelphia), and it's known for major league sports, Hershey chocolates, and for being the first state to put its URL on the license plates.
But the state is not known as any kind of a tax haven. A $100,000 salary is reduced to **$72,966** by federal and state taxes, including the state's income tax, which grabs a 3.07% share.
Find out what's happening in Across Pennsylvaniafor free with the latest updates from Patch.
Pennsylvania also has local income taxes, which can be as high as 3.88%. The state sales tax is 6%, and there are a couple of local sales taxes: 1% in Allegheny County, which includes Pittsburgh, and 2% in Philly.
See the complete story on MoneyWise.com and find out how workers fare in other states.