Summary
If you make $74,717 a year living in the region of Mississippi, USA, you will be taxed $18,242. That means that your net pay will be $56,475 per year, or $4,706 per month. Your average tax rate is 24.4% and your marginal tax rate is 34.7%. 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 $34.65, hence, your net pay will only increase by $65.35.
Bonus Example
A $1,000 bonus will generate an extra $654 of net incomes. A $5,000 bonus will generate an extra $3,268 of net incomes.