Summary
If you make <b>$38,000</b> a year living in the region of <b>Vermont</b>, <b>USA</b>, you will be taxed <b> $6,872</b>. That means that your net pay will be <b>$31,128</b> per year, or <b>$2,594</b> per month. Your average tax rate is <b>18.1%</b> and your marginal tax rate is <b>23.0%</b>. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of <b>$100</b> in your salary will be taxed <b>$23</b>, hence, your net pay will only increase by <b>$77</b>.
Bonus Example
A <b>$1,000</b> bonus will generate an extra <b>$770</b> of net incomes. A <b>$5,000</b> bonus will generate an extra <b>$3,850</b> of net incomes.