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The highest tax rates were found in Oregon, Maryland, Hawaii, California, and Maine.
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Florida, Nevada, Tennessee, Texas, and Wyoming stood out for their more permissive policies.
Earning $100,000 before and after tax presents quite a discrepancy—this variance can be more pronounced depending on which state you’re in.
In
Oregon
A worker would require an annual salary exceeding $156,000 to end up with $100,000 per year, which equates to roughly $8,300 each month.
At the opposite extreme, in several states without state income tax, an annual salary of only $137,000 could result in net earnings of around $100,000 after deductions.
Residents of
Florida
,
Nevada
,
New Hampshire
,
South Dakota
,
Tennessee
,
Texas
, Washington and
Wyoming
will have the mildest taxes applied – ending up with 72.8 percent of their pre-tax earnings when they return.
Even though Alaska does not have a state income tax, certain areas might levy local taxes with an average combined rate below 2 percent.
Following Oregon, states with the most significant tax burdens were Maryland,
Hawaii
,
California
and Maine – included in sequence.
Interestingly, as many as 13 states have higher tax rates compared to New York, where individuals must earn approximately $149,500 annually to net $100,000 after taxes.
When taking into account all 50 states, the average pre-tax income needed was approximately $146,500; both Oklahoma and Colorado fell within this range.
The statistics were released in a
recent study by GOBankingRates
, taking into account the average federal income taxes along with withholding for Social Security and Medicare, plus state and local taxes.
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