Income Tax Calculator Minnesota

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $5,000

Medicare - $73

Social Security - $310

State Income Tax - $54

Total tax - $437

Net pay * $4,564

Marginal tax rate 12.9%

Average tax rate 8.7%

8.7%Total tax

91.3%

Net pay

The Taxberg

$4,564

Net pay

$683

Tax the employer pays

$437

Tax you pay

Total tax paid

$1,120

Did you know your employer also pays tax on your salary? It costs the employer $683 to pay you $5,000. In other words, every time you spend $10 of your hard-earned money, $2.24 goes to the government.

Real tax rate

19.7%

So, with you and the employer both paying tax, what used to be a 8.7% tax rate now rises to 19.7%, meaning your real tax rate is actually 11% higher than what it seemed at first.

Summary

If you make $5,000 a year living in the region of Minnesota, United States of America, you will be taxed $437. That means that your net pay will be $4,564 per year, or $380 per month. Your average tax rate is 8.7% and your marginal tax rate is 12.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $12.9, hence, your net pay will only increase by $87.1.

Bonus Example

A $1,000 bonus will generate an extra $871 of net incomes. A $5,000 bonus will generate an extra $4,355 of net incomes.

Tax per income

$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000$10,500$11,000$11,500$12,000$12,500$13,000$13,500$14,000$14,500$15,000

Tax per region

Country	Net pay	Average tax	Rank
Arkansas	USD 4,618	7.6%	1
Delaware	USD 4,618	7.6%	2
Florida	USD 4,618	7.6%	3
Massachusetts	USD 4,369	12.6%	49
Oregon	USD 4,248	15.0%	50
Connecticut	USD 4,243	15.1%	51

NOTE* Withholding is calculated based on the Minnesota tables of US, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.