Last updated: 2025 BLS data · Page refreshed:
How much does a General Internal Medicine Physicians actually take home in Minnesota?
Progressive (up to 9.8%) — 38.8% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a General Internal Medicine Physicians earning $373,700 in Minnesota (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $373,700 | — |
| Federal Income Tax | -$96,059 | 25.7% |
| Minnesota State Income Tax | -$31,669 | 8.5% |
| Social Security (OASDI) | -$10,453 | 2.8% |
| Medicare | -$6,981 | 1.9% |
| Total Taxes | -$145,164 | 38.8% |
| Take-Home Pay | $228,535 | 61.2% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of General Internal Medicine Physicians in Minnesota.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $197,440 | -$64,548 | $132,891 | 32.7% |
| 25th Percentile (P25) | $310,320 | -$115,249 | $195,070 | 37.1% |
| Median (P50) | $373,700 | -$145,164 | $228,535 | 38.8% |
| 75th Percentile (P75) | $481,170 | -$195,890 | $285,279 | 40.7% |
| 90th Percentile (P90) | $481,170 | -$195,890 | $285,279 | 40.7% |
A General Internal Medicine Physicians in Minnesota faces a combined 38.8% effective tax rate, taking home $228,535 out of $373,700. The progressive (up to 9.8%) adds $31,669 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $260,205 — a difference of $31,669/year.
At an effective 38.8% combined tax rate, Minnesota takes one of the larger bites out of a General Internal Medicine Physicians's paycheck. Take-home settles at $228,535 from $373,700 gross after all withholdings.
Minnesota uses a progressive state income tax, so brackets escalate as wages rise. For this General Internal Medicine Physicians salary the state tax works out to $31,670 (8.5% effective) — on top of federal and FICA.
Federal income tax ($96,060) accounts for 66% of the total tax bill — the single largest deduction. FICA adds $17,435 (12%), and state tax the remaining $31,670 (22%).
The state-tax gap is substantial: a General Internal Medicine Physicians earning this gross in a no-income-tax state would net about $260,205 — an extra $31,670 (13.9%) annually compared with Minnesota.
For General Internal Medicine Physicians after-tax pay, Minnesota ranks #8 of 44 states — top quartile. High gross wages or low state-tax burden (or both) drive the strong ranking.
Translated into paycheck cadences, $228,535 net/year works out to $19,045/month or $8,790/bi-weekly for this General Internal Medicine Physicians in Minnesota — the numbers that actually hit a checking account after every deduction.
Where does a General Internal Medicine Physicians keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Minnesota ranks #8 out of 44 states for General Internal Medicine Physicians after-tax take-home pay.
A General Internal Medicine Physicians in Minnesota earning a median salary of $373,700 will take home approximately $228,535 per year after federal income tax ($96,059), state income tax ($31,669), and FICA ($17,435). That is $19,044 per month or $8,789 per bi-weekly paycheck.
The effective total tax rate for a General Internal Medicine Physicians in Minnesota is 38.8%, broken down as: federal income tax 25.7%, Minnesota state tax 8.5%, and FICA (Social Security + Medicare) 4.7%. This assumes a single filer with the standard deduction for 2024.
Minnesota has a progressive (up to 9.8%). On a General Internal Medicine Physicians's median salary of $373,700, the state income tax amounts to $31,669 per year, which is an effective state rate of 8.5%.
After all taxes, a General Internal Medicine Physicians in Minnesota takes home approximately $19,044 per month, or about $109.87 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 $373,700 for General Internal Medicine Physicians in Minnesota, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Minnesota state income tax (progressive (up to 9.8%)), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $228,535/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