What is the personal income tax structure in USA?

I am coming to USA and say for example if I make US$ 30.00 per hr., What will be my yearly income and how much tax I will have to pay? I will work say 8 Hrs a day with my status in USA on H1B visa.

Public Comments

1. The "salary" income is based on a 2000 hour per year work. So multiply $30 per hour by 2000 hours, that is your gross income. So about 60,000 per year. At this level (from my experience) you will be taxed about 20% of that, which sucks.
2. Yearly income about 62,000. Federal income tax will be about 9,900 - state tax about 2,500 - social security tax is 4,700 if you are an employee or 9,400 if you are self-employed.
3. Federal income tax is typically a higher percentage as your income goes up. You get exemptions (deductions from your income) for yourself and for each member of your family. There is also a flat "standard deduction" - that amount depends on whether you're married or not. With that income, if you're single, you'd pay around $9500 in federal income tax. Social security taxes will be another $4600 or so if you're an employee - if you're considered an independent contractor, then it will be twice this much. State and local income taxes might add to this, depending on where you live. Different states have different rates, and some don't have an income tax although most do. Good luck in the USA.
4. $57,600 per year based on full time employment Your annual tax is… Single $11,059 Married filing jointly $7,906 Married filing separate $11,059 Head of household $9,891 Crystal www.crystalibarra.com
5. Depends on your marital status and how many people you claim on your deductions.
6. Prepare to get robbed by your new uncle!
7. Most answers deal with the assumption that you will have full employment for Jan 1st. If you come in and work only say 6 to 9 months, things will be different and you would not have to pay the full 20% the first year, because taxes here in the US like in India are on a sliding scale (i.e more you make more you pay). Ask your employer if you will be getting a W2, if you are a contract employee then you might get 1099. But I have to assume with H1B you will probably get W2. Take a note on your marital status and other dependents too which can make a big difference in your tax bill. Do not waste money and not put money in 401K that should save you some money on taxes. Do not worry about being on H1B and the 401K, when you go back (if you decide to) it is your money and you can find creative ways to take it back to India with minimum penalties. Hope this helps and welcome to the states.
8. It will depend on whether you but a home since interest is a huge deductible expenses. In addition, you may have other expenses involved in moving that could lead to a very low tax liability at year end. If you are to be an employee you can file your W-4 with up to 12exemptions to have the minimum amount take from your taxes. If you are an independant contractor you will have to file on a quarterly basis
9. you'll be making about 75 thousand dollars. your tax rate will be 25%