Including Minnesota's 6.0% state income tax
| Gross Salary | $150,000 |
| Federal Income Tax | −$25,247 |
| Social Security (6.2%) | −$9,300 |
| Medicare (1.45%) | −$2,175 |
| Minnesota State Tax (6.0%) | −$9,000 |
| Take-Home Pay | $104,278 |
On a $150,000 salary in Minnesota, you can expect to take home approximately $104,278 per year, or about $8,690 per month. Your effective total tax rate is 30.5%.