Last updated: 2025 BLS data · Page refreshed:
How much does a Economists actually take home in Texas?
No state income tax — 23.0% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Economists earning $121,420 in Texas (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $121,420 | — |
| Federal Income Tax | -$18,679 | 15.4% |
| Texas State Income Tax | -$0 | 0.0% |
| Social Security (OASDI) | -$7,528 | 6.2% |
| Medicare | -$1,760 | 1.4% |
| Total Taxes | -$27,967 | 23.0% |
| Take-Home Pay | $93,452 | 77.0% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Economists in Texas.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $66,760 | -$11,635 | $55,124 | 17.4% |
| 25th Percentile (P25) | $83,900 | -$16,717 | $67,182 | 19.9% |
| Median (P50) | $121,420 | -$27,967 | $93,452 | 23.0% |
| 75th Percentile (P75) | $175,000 | -$44,529 | $130,470 | 25.4% |
| 90th Percentile (P90) | $219,140 | -$56,942 | $162,197 | 26.0% |
Texas has no state income tax, which means a Economists keeps $93,452 of their $121,420 salary — 77.0% of gross pay. Only federal income tax and FICA reduce the paycheck, making Texas one of the most tax-friendly states for this occupation.
With an effective total rate of 23.0%, a Economists in Texas keeps $93,452 of $121,420 gross — roughly typical for U.S. middle-income earners once federal, FICA and state taxes are combined.
Texas is one of the few states with zero state income tax for wage earners. For a Economists, that means the only deductions are federal income tax and FICA — no additional state withholding. This typically adds several thousand dollars per year compared to comparable states with income tax.
Federal income tax ($18,679) accounts for 67% of the total tax bill — the single largest deduction. FICA adds $9,289 (33%), and state tax the remaining $0 (0%).
For Economists after-tax pay, Texas ranks #9 of 40 states — top quartile. High gross wages or low state-tax burden (or both) drive the strong ranking.
Translated into paycheck cadences, $93,452 net/year works out to $7,788/month or $3,594/bi-weekly for this Economists in Texas — the numbers that actually hit a checking account after every deduction.
Where does a Economists keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Texas ranks #9 out of 40 states for Economists after-tax take-home pay.
A Economists in Texas earning a median salary of $121,420 will take home approximately $93,452 per year after federal income tax ($18,679), state income tax ($0), and FICA ($9,288). That is $7,787 per month or $3,594 per bi-weekly paycheck.
The effective total tax rate for a Economists in Texas is 23.0%, broken down as: federal income tax 15.4%, Texas state tax 0.0%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
No, Texas does not levy a state income tax on wages. This means a Economists in Texas only pays federal income tax and FICA taxes, resulting in a lower overall tax burden compared to most other states. The total effective rate is 23.0%.
After all taxes, a Economists in Texas takes home approximately $7,787 per month, or about $44.93 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2025 BLS median salary of $121,420 for Economists in Texas, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Texas state income tax (no state income tax), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $93,452/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
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This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR