Income Around the PIA Western Alliance — What You Need to Make to Net $100,000

What state costs you the most in taxes, fees, etc. before you can net $100,000 per year in income. Surprise, and surprisingly, it’s not California or Hawaii. Nope. The financial firm, MoneyLion says the PIA Western Alliance state of Oregon is the only state in the U.S. where you have to earn close to $150,000 to net $100,000 a year.

The exact figure is $147,437.

This isn’t to let the PIA Western Alliance states of California and Hawaii off the hook. They rank numbers three and four respectively on the MoneyLion list.

To get its figures, MoneyLion looked at state and federal income taxes, Social Security and each state’s standard deductions.

The top 10 states where it takes the most income to net $100,000 per year:

1. Oregon — $147,437

2. Maryland — $146,486

3. Hawaii — $144,160

4. California — $143,879

5. Minnesota — $142,640

6. Maine — $142,261

7. Delaware — $142,232

8. New York — $141,072

9. Virginia — $140,978

10. Connecticut — $140,845

Someone in Oregon will lose about $1,900 per bi-weekly paycheck. The smallest amount taken out of your bi-weekly paycheck is $1,274, and the states where it takes the least amount of earnings to net $100,000 a year, are the PIA Western Alliance states of Washington, Nevada and Alaska and Florida, New Hampshire, South Dakota, Tennessee, Texas and Wyoming.

Here are the figures for the top 10 states where it takes the most income to net $100,000 a year

1. Oregon

Income before taxes: $147,437

Total income taxes paid: $47,437

Tax burden: 34.8%

Amount taken out in biweekly paycheck: $1,975

2. Maryland

Income before taxes: $146,486

Total income taxes paid: $46,486

Tax burden: 34%

Amount taken out in biweekly paycheck: $1,913

3. Hawaii

Income before taxes: $144,160

Total income taxes paid: $44,160

Tax burden: 32.9%

Amount taken out in biweekly paycheck: $1,825

4. California

Income before taxes: $143,879

Total income taxes paid: $43,879

Tax burden: 32.8%

Amount taken out in biweekly paycheck: $1,815

5. Minnesota

Income before taxes: $142,640

Total income taxes paid: $42,640

Tax burden: 32.6%

Amount taken out in biweekly paycheck: $1,789

6. Maine

Income before taxes: $142,261

Total income taxes paid: $42,261

Tax burden: 32.7%

Amount taken out in biweekly paycheck: $1,791

7. Delaware

Income before taxes: $142,232

Total income taxes paid: $42,232

Tax burden: 31.9%

Amount taken out in biweekly paycheck: $1,743

8. New York

Income before taxes: $141,072

Total income taxes paid: $41,072

Tax burden: 31.5%

Amount taken out in biweekly paycheck: $1,710

9. Virginia

Income before taxes: $140,978

Total income taxes paid: $40,978

Tax burden: 31.5%

Amount taken out in biweekly paycheck: $1,707

10. Connecticut

Income before taxes: $140,845

Total income taxes paid: $40,845

Tax burden: 31%

Amount taken out in biweekly paycheck: $1,681

The rest of the PIA Western Alliance states:

19. Idaho

Income before taxes: $139,535

Total income taxes paid: $39,535

Amount taken out in biweekly paycheck: $1,662

24. Montana

Income before taxes: $138,617

Total income taxes paid: $38,617

Tax burden: 31.5%

Amount taken out in biweekly paycheck: $1,678

29. New Mexico

Income before taxes: $138,302

Total income taxes paid: $38,302

Tax burden: 30.3%

Amount taken out in biweekly paycheck: $1,610

40. Arizona

Income before taxes: $134,659

Total income taxes paid: $34,659

Tax burden: 28.1%

Amount taken out in biweekly paycheck: $1,457

42. Alaska

Income before taxes: $130,310

Total income taxes paid: $30,310

Tax burden: 25.4%

Amount taken out in biweekly paycheck: $1,274

44. Nevada

Income before taxes: $130,310

Total income taxes paid: $30,310

Tax burden: 25.4%

Amount taken out in biweekly paycheck: $1,274

49. Washington

Income before taxes: $130,310

Total income taxes paid: $30,310

Tax burden: 25.4%

Amount taken out in biweekly paycheck: $1,274

Source link: MoneyLion — https://bit.ly/3PMMgvz