Summary
If you make $29,607 a year living in the region of Vermont, USA, you will be taxed $4,941. That means that your net pay will be $24,666 per year, or $2,055 per month. Your average tax rate is 16.7% and your marginal tax rate is 23.0%. 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 $23, hence, your net pay will only increase by $77.
Bonus Example
A $1,000 bonus will generate an extra $770 of net incomes. A $5,000 bonus will generate an extra $3,850 of net incomes.