Summary
If you make $507,520 a year living in the region of New York, USA, you will be taxed $202,956. That means that your net pay will be $304,564 per year, or $25,380 per month. Your average tax rate is 40.0% and your marginal tax rate is 45.7%. 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 $45.65, hence, your net pay will only increase by $54.35.
Bonus Example
A $1,000 bonus will generate an extra $544 of net incomes. A $5,000 bonus will generate an extra $2,718 of net incomes.