The Tax Foundation

July 14, 2006

CNN Money -- Where the (best) 6-figure jobs are

Earning a nominally higher salary ($200,000 versus $100,000) puts you in a higher tax bracket. J. Scott Moody, chief economist at the Maine Heritage Policy Center working on behalf of the Tax Foundation, notes that a single person making $205,000 in New York would have an effective tax rate of 25.4 percent, paying just over $52,000 in federal income tax, leaving him with $153,000.

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