Summary
If you make $135,700 a year living in the region of Kentucky, USA, you will be taxed $40,323. That means that your net pay will be $95,377 per year, or $7,948 per month. Your average tax rate is 29.7% and your marginal tax rate is 36.7%. 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 $36.65, hence, your net pay will only increase by $63.35.
Bonus Example
A $1,000 bonus will generate an extra $634 of net incomes. A $5,000 bonus will generate an extra $3,168 of net incomes.