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 Wisconsinfor free with the latest updates from Patch.
What happens to paychecks in Wisconsin?
Skyline of Madison of Wisconsin at sunset viewing from Olin Turville Park. Photo showing the state capital and lake Monona with reflections, Madison, Wisconsin, USA..
If you don't like the taxes in Wisconsin, at least you've got beer, cheese and the Green Bay Packers to take your mind off the pay you're losing.
A $100,000 salary in the Badger State is gnawed down to **$70,142** by federal and state taxes, with 5.95% of that six-figure income going to the state's income tax.
Find out what's happening in Across Wisconsinfor free with the latest updates from Patch.
Wisconsin has a 5% state sales, and local sales taxes can seem puny compared to many other states. The total sales tax is never higher than 5.6%.
See the complete story on MoneyWise.com and find out how workers fare in other states.