Summary
If you make $299,988 a year living in the region of Missouri, USA, you will be taxed $103,608. That means that your net pay will be $196,380 per year, or $16,365 per month. Your average tax rate is 34.5% and your marginal tax rate is 42.5%. 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 $42.54, hence, your net pay will only increase by $57.46.
Bonus Example
A $1,000 bonus will generate an extra $575 of net incomes. A $5,000 bonus will generate an extra $2,873 of net incomes.