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 Carolinawith free, real-time 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 Carolinawith free, real-time 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.