Summary
If you make $230,000 a year living in the region of Iowa, USA, you will be taxed $76,093. That means that your net pay will be $153,907 per year, or $12,826 per month. Your average tax rate is 33.1% and your marginal tax rate is 42.1%. 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 $42.10, hence, your net pay will only increase by $57.90.
Bonus Example
A $1,000 bonus will generate an extra $579 of net incomes. A $5,000 bonus will generate an extra $2,895 of net incomes.