Summary
If you make $299,988 a year living in the region of Virginia, USA, you will be taxed $105,112. That means that your net pay will be $194,876 per year, or $16,240 per month. Your average tax rate is 35.0% and your marginal tax rate is 43.0%. 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 $43, hence, your net pay will only increase by $57.
Bonus Example
A $1,000 bonus will generate an extra $570 of net incomes. A $5,000 bonus will generate an extra $2,850 of net incomes.