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 Tennesseefor free with the latest updates from Patch.

What happens to paychecks in Tennessee?

 Tennessee River in Knoxville, Tennessee
Melinda Fawver / Shutterstock
Tennessee River in Knoxville, Tennessee.

In this state that's home to two music capitals --- Nashville and Memphis --- people aren't as likely to sing the blues over taxes as they do in other states.

Tennessee doesn't tax salaries or wages, so when you earn $100,000 a year here, you're left with **$76,096** after federal taxes. The savings will buy you a lot of Memphis barbecue!

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

The state does tax interest and dividends, but that levy is being phased out and will be gone completely by 2021. Tennessee has a state sales tax of 7%, and local taxes can raise the total rate paid by shoppers as high as 9.75%.

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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