Summary
If you make $74,988 a year living in the region of Wisconsin, USA, you will be taxed $18,669. That means that your net pay will be $56,319 per year, or $4,693 per month. Your average tax rate is 24.9% and your marginal tax rate is 35.0%. 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 $35.01, hence, your net pay will only increase by $64.99.
Bonus Example
A $1,000 bonus will generate an extra $650 of net incomes. A $5,000 bonus will generate an extra $3,250 of net incomes.