Your Total Income After Tax
| Yearly | Monthly | |
|---|---|---|
| Salary Before Tax | ||
| Salary After Tax | Please enter salary | |
Simply enter your annual or monthly income into the tax calculator above to find out how US taxes affect your income. You'll then get a breakdown of your total tax liability and take-home pay.
- Salary Before Tax
- your total earnings before any taxes have been deducted. Also known as Gross Income.
- Salary After Tax
- the money you take home after all taxes and contributions have been deducted. Also known as Net Income.
Your Income Tax Breakdown
| Yearly | Monthly | |
|---|---|---|
| Federal Tax | ||
| State Tax | ||
| Social Security Tax | ||
| Medicare Tax | ||
| Total Tax Due | Please enter salary | |
- Total Tax Due
- the sum of all taxes and contributions that will be deducted from your gross salary.
The deductions used in the calculator assume you are not married and have no dependants. You may pay less if tax credits or other deductions apply.
Taxation in the US
- 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 37%. The above calculator assumes you are not married and you have no dependants, so the standard deduction per annum is 12,550 USD.
- State Tax
- is a progressive tax in addition to the federal income tax. The tax is imposed at a fixed or graduated rate on taxable income. The tax rates vary by state.
- Social Security Tax
- applies only on the first 142,800 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.
The information presented here is based on the fiscal regulations in the United States in 2021. Visit irs.gov for more details.
Financial Facts About the US
The average monthly net salary in the United States is around 2 730 USD, with a minimum income of 1 120 USD per month. This places US 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 US 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 here, 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).
