Salary Calculator for United States

Salary breakdown

Gross Income Tax Due Net Income
Yearly
Monthly

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Gross Income
is the sum of all your earnings before any taxes have been deducted, minus any exemptions.
Net Income
is the money you take home after all taxes and contributions have been deducted from your gross salary.

Tax Due is the sum of all taxes and contributions that will be deducted from your gross salary. The deductions used in the above salary calculator assume you are not married and you have no dependents.

Federal Tax
is a progressive tax, with higher rates being applied to higher income levels. The federal income tax has seven tax brackets which range from 10% to 39.6%. The above calculator assumes you are not married and you have no dependents, so the standard deduction per annum is 6,300 USD, with a personal exemption that can be up to 4,050 USD. The personal exemption amount phases out for taxpayers with higher incomes.
Social Security Tax
applies only on the first 118,500 USD that you earn, at a rate of 6.2%. Also known as the Old-Age, Survivors, and Disability Insurance (OASDI), the Social Security tax must be payed by all employees and self-employed earners. The tax goes into funds for: retirement benefits, benefits for widows and widowers, and disability benefits.
Medicare Tax
has two tax brackets, 1.45% for the first 200,000 USD earned and 0.9% for the remaining. Medicare provides health insurance for older people (greater than 64 years), people with disabilities and people with terminal diseases.
Please note that at this stage, the above calculator does not compute any state taxes.
The information presented on this page is based on the US fiscal regulations for 2015-2016. Visit irs.gov for more details.

Salary comparison

People searching for salaries in the United States also checked the salary calculator for Canada and United Kingdom.
Rank your income! The chart below shows where you stand compared to the rest of the world. The minimum and the average salaries in the chart are net of tax.

Did you know?

The average monthly net salary in the US is around 2730 USD, with a minimum income of 1120 USD per month. This places United States on the 4th place out of 72 countries in the International Labour Organisation statistics for 2012.

The United States' economy is the largest and one of the most open economies in the world, representing approximately 22% of the gross world product. The U.S. leads the world by having a high productivity of manufactured goods, a well-developed infrastructure, and abundant natural resources. The United States financial market is also the largest and the most influential in the world. This makes the USD (US dollar) to be the most used currency in international transactions.

Over 128 of the world's 500 largest companies are headquartered in the US, including: Walmart, Exxon Mobil, Chevron, Apple, JP Morgan Chase and many others. Because of its strong economy, the United States has always attracted a high number of immigrants from all over the world. The net migration rate is among the highest in the world.

The US is the 4th largest country in the world with over 50 states, covering a vast part of North America. Washington D.C. is the capital of the United States and other major cities include: New York (a global finance and culture center), Los Angeles (known as the 'Creative Capital of the World', famed for filmmaking), Chicago (renowned for its museums and bold architecture).

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