Summary
If you make $500,000 a year living in the region of New York, USA, you will be taxed $199,524. That means that your net pay will be $300,476 per year, or $25,040 per month. Your average tax rate is 39.9% and your marginal tax rate is 45.6%. 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 $45.64, hence, your net pay will only increase by $54.36.
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.