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If you make $120,000 a year living in the region of New York, USA, you will be taxed $36,198. That means that your net pay will be **$83,802 per year**, or $6,984 per month. Your average tax rate is 30.2% and your marginal tax rate is 39.5%.

If you make $120,000 a year living in the region of California, USA, you will be taxed $39,076. That means that your net pay will be **$80,924 per year**, or $6,744 per month. Your average tax rate is 32.6% and your marginal tax rate is 42.9%.

What is this? Your bi-weekly paychecks would be **$4,615 before** taxes and any other common deductions (pre-tax contributions). Bi-weekly paychecks occur every two weeks. Some months you may get two paychecks and some months you'd get three paychecks.

If you make $130,000 a year living in the region of California, USA, you will be taxed $43,363. That means that your net pay will be **$86,637 per year**, or $7,220 per month. Your average tax rate is 33.4% and your marginal tax rate is 41.9%.

If you make $125,000 a year living in the region of California, USA, you will be taxed **$41,220**. That means that your net pay will be $83,780 per year, or $6,982 per month. Your average tax rate is 33.0% and your marginal tax rate is 42.9%.

Originally Answered: If someone earns $120,000 per annum in US will he be considered rich, middle class or poor? You would clearly be in the well off category. For a single person in the US earning $120k would put you **in the 97% percentile**. I.e. there are 33 times as many people poorer than you.

If you make $100,000 a year living in the region of California, USA, you will be taxed $30,460. That means that your net pay will be **$69,540 per year**, or $5,795 per month. Your average tax rate is 30.5% and your marginal tax rate is 43.1%.

$150,000 USD annual income will allow you to live very nicely in many places of the USA. However, one always needs to be Frugal with their resources, and only buy or rent what you Need/Require. Additionally, $150K **annual income will be fine for a person with a spouse**.

If you make $140,000 a year living in the region of California, USA, you will be **taxed $47,551**. That means that your net pay will be $92,449 per year, or $7,704 per month. Your average tax rate is 34.0% and your marginal tax rate is 37.4%.

If you make $135,000 a year living in the region of California, USA, you will be taxed $45,457. That means that your net pay will be **$89,543 per year**, or $7,462 per month. Your average tax rate is 33.7% and your marginal tax rate is 41.9%.

If you make $150,000 a year living in the region of California, USA, you will **be taxed $51,293**. That means that your net pay will be $98,707 per year, or $8,226 per month. Your average tax rate is 34.2% and your marginal tax rate is 35.7%.

According to the U.S. Census Bureau, about **half of all U.S. households earn $65,700 or more per year**. ... In others, a minimum household income of over $170,000 is required to rank among the highest earners.

Are you middle class? The answer may depend on more than just your income. Researchers define middle class differently, ranging from household income to aspirational goals. Some experts say you are American middle class if you made between $51,200 **to $153,000** in 2020.

If you make $115,000 per year, your hourly salary would be **$58.97**. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

If you make $110,000 a year living in the region of California, USA, you will be taxed $34,768. That means that your net pay will be **$75,232 per year**, or $6,269 per month. Your average tax rate is 31.6% and your marginal tax rate is 43.1%.

For the tax year 2019/2020 £110,000 after tax is £70,336 annually and it makes **£5,861 net monthly salary**. This net wage is calculated with the assumption that you are younger than 65, not married and with no pension deductions, no childcare vouchers, no student loan payment.

If you earn $125,000 a year, then you **make more than five out of every six American households**, and unless you live in a particularly high-cost area of the country, you'll have ample financial resources to save money toward building up a retirement nest egg.

The Pew Research Center defines the middle class as households that **earn between two-thirds and double the median U.S. household income**, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew's yardstick, middle income is made up of people who make between $42,000 and $126,000.

$125,000 after tax is $125,000 NET salary (annually) based on 2022 tax year calculation. $125,000 after tax breaks down into **$10,417 monthly**, $2,396 weekly, $479.13 daily, $59.89 hourly NET salary if you're working 40 hours per week.

1) Standard Definition Of Middle Class

$25,000-$**100,000** a year is what most would consider as a middle class income.

With **a $500,000+ income**, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.