How to use this table

• figures have been rounded, and are based on 2024 data
• brackets shows marginal rates for highest and lowest brackets
• colour key
  • income tax is orange if brackets start higher than 5% or end higher than 10%
  • corporate income tax is orange if brackets start higher than 7.5% or end higher than 9%)
  • states sales over 6% (local taxes also apply though)
  • salary 65K+
• what to look at if you’re considering sole proprietorship etc.
• not considering fees because differences are minimal and formation fees are one-off
• not considering social security & medicare costs, which are a fixed % for all states.
  • but note the total cost to hire an employee will be therefore be proportionally higher in states where the average salary is higher
• what cost to employ includes (and how you want to combine these figures in the last two columns for the overall cost of an employee)
  • There's a rule of thumb that the cost is typically 1.25 to 1.4 times the salary, depending on certain variables.

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