LOS ANGELES, Feb. 21, 2017 /PRNewswire/ -- GOBankingRates examined all 50 U.S. states plus Washington, D.C., to find just how much Americans can expect to take home per paycheck based on a $50,000 salary and $100,000 salary.
For more details on the study, including insights by region, visit: https://www.gobankingrates.com/personal-finance/much-money-gets-taken-out-paychecks-state/
Those earning $50,000 receive a bi-weekly paycheck of $1,923.08 before taxes; those with a salary of $100,000 receive $3,846.15.
The states that take the most out of your paycheck are…
If you're earning $50,000 annually:
- Hawaii ($542.24)
- Oregon ($538.05)
- Idaho ($528.93)
- South Carolina ($524.95)
- Minnesota ($515.93)
If you're earning $100,000 annually:
- Oregon ($1,340.95)
- California ($1,335.66)
- Hawaii ($1,324.69)
- Idaho ($1,301.83)
- Washington, D.C. ($1,297.83)
The states that take the least out of your paycheck — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — all have one thing in common: no state income tax.
With the exception of Alaska, these states take out just $402.93 per paycheck for residents making $50,000 annually. Residents making $100,000 will get $1,032.83 deducted.
About GOBankingRates
GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.
Contact:
Ali Branch, Media Relations
GOBankingRates.com
[email protected]
310-297-9233 x118
SOURCE GOBankingRates
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