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This is the salary needed to actually take home $100,000 in California [Yahoo! Finance]
Last fox corporation - class a earnings: 2/5 04:05 pm
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Whether it be federal income taxes, withholding for Social Security and Medicare, or state and local taxes, it adds up and before you know it your six-figure salary turns into a take-home pay of five figures. A new report by GoBankingRates calculated the exact gross salary you need to earn in each state to actually bring home $100,000 in all 50 states after taxes. To no one's surprise, California placed very high on the list! If you're working in the Golden State, you need to earn $153,700 to actually $100,000 in California, according to the report. That means people with a $100,000 gross income actually take home just 65% of that after taxes. SUGGESTED: Is there a tax extension for Southern California residents? Overall, California ranked fourth-highest salary needed to take home $100,000. The top five states with the highest salaries needed to take home $100,000 after taxes are: Oregon: California: Maryland: Hawaii: Maine: Eight states tie for the lowest sal
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