If I made 300k per year, how much would I actually TAKE HOME after taxes?

Specifically in Oregon.

How much would I actually TAKE HOME after taxes, per year? If I made 300k per year.

and let's say you have 4 kids, and already OWN a home (aka, you already PAID OFF all the mortgage and stuff, and you completely OWN it, and let's say it's worth 600k).

Update:

also, would the amount you take home after taxes be GREATER if you have 6 kids instead of just 4?

4 Answers

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  • 7 years ago
    Favorite Answer

    An accurate answer is not possible without a lot more information. Few folks at that income level take the standard deduction even if they don't have a mortgage. If you did take the standard deduction your net after all taxes, FICA, federal, state and the Medicare surtax would be just under $210k. Claiming more children probably would not make much difference on your federal return as you are in AMT territory at that income level with that many children. It might be a little better at the state level, but I have not run the numbers.

    If you want a more accurate answer, try this calculator: http://www.tax-rates.org/income-tax-calculator/?re...

  • Hugh M
    Lv 4
    7 years ago

    In the region of 200k but there are many variables I'm sure there is a tax calculator online. If it was your own business and you had a lot of expenses wink wink maybe more

    Source(s): Self employed
  • 7 years ago

    value of the home is irrelevant. Figure about 60% or about $180K. Yes, you would get slightly more if you had 6 kids.

  • Caren
    Lv 7
    7 years ago

    no one can calculate these numbers,,, too many other factors.

    ex: 401K, charities, municipal bond funds, income from investments

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