How It Is Worked Out
Federal tax plus an optional flat state rate. State income tax ranges from nothing (Texas, Florida, Washington and others) to over 10% at the top in California. Self-employed people may also get the 20% qualified business income deduction, and families the child tax credit, which are not included here.
| Taxable income | Rate |
|---|---|
| $0 to $12,400 | 10% |
| $12,401 to $50,400 | 12% |
| $50,401 to $105,700 | 22% |
| $105,701 to $201,775 | 24% |
| $201,776 to $256,225 | 32% |
| $256,226 to $640,600 | 35% |
| Over $640,600 | 37% |
Example: $75,000 a year comes to about $13,408 in tax and contributions, taking home $61,592.
Everything else for the USA: accounts, deadlines and where to complain.