Six-Figure Salary Taxes Vary
This is a Idaho news story, published by Yahoo Finance (Canada), that relates primarily to the Tax Foundation’s news.
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federal income taxesGOBankingRates
•Business
Business & Economics
See What a $100K Salary Looks Like After Taxes in Your State
85% Informative
Each state has its own tax brackets and rates, so how much of your hard earned money goes to taxes varies by state.
GOBankingRates pulled data from federal and state tax brackets from the Tax Foundation’s 2023 data.
We then used an in-house income tax calculator to find both the effective and marginal tax rate on income of $ 100,000 in every state.
In Idaho , where the effective tax rate is 5.05% , a person making $ 100,000 will pay $ 5,050 in state taxes.
A single filer in Kansas will pay combined state and federal taxes at a rate of 26.95% and joint filers pay 20.14% of their income in taxes.
In Maine , the lowest income bracket taxed at 5.79% — a rate higher than what top income brackets pay in some other states.
Montana ’s highest income tax bracket has a 6.75% rate, which applies to residents who earn a taxable income of $ 18,800 or more.
The combined tax burden of state and federal taxes for single filers is 27.18% and 19.78% for joint filers.
VR Score
91
Informative language
91
Neutral language
62
Article tone
formal
Language
English
Language complexity
37
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
35
Source diversity
1
Affiliate links
no affiliate links