How much does a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic actually take home in Colorado?
4.4% flat rate — 20.5% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic earning $55,750 in Colorado (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $55,750 | — |
| Federal Income Tax | -$4,706 | 8.4% |
| Colorado State Income Tax | -$2,453 | 4.4% |
| Social Security (OASDI) | -$3,456 | 6.2% |
| Medicare | -$808 | 1.5% |
| Total Taxes | -$11,423 | 20.5% |
| Take-Home Pay | $44,326 | 79.5% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $35,720 | -$6,606 | $29,113 | 18.5% |
| 25th Percentile (P25) | $41,910 | -$8,095 | $33,814 | 19.3% |
| Median (P50) | $55,750 | -$11,423 | $44,326 | 20.5% |
| 75th Percentile (P75) | $67,700 | -$14,892 | $52,807 | 22.0% |
| 90th Percentile (P90) | $72,380 | -$16,486 | $55,893 | 22.8% |
After federal income tax ($4,706), state tax ($2,453), and FICA ($4,264), a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado takes home $44,326 per year — or $3,693 per month. The effective tax rate of 20.5% is relatively low compared to the national range.
Where does a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Colorado ranks #6 out of 41 states for Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic after-tax take-home pay.
A Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado earning a median salary of $55,750 will take home approximately $44,326 per year after federal income tax ($4,706), state income tax ($2,453), and FICA ($4,264). That is $3,693 per month or $1,704 per bi-weekly paycheck.
The effective total tax rate for a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado is 20.5%, broken down as: federal income tax 8.4%, Colorado state tax 4.4%, and FICA (Social Security + Medicare) 7.7%. This assumes a single filer with the standard deduction for 2024.
Colorado has a 4.4% flat rate. On a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic's median salary of $55,750, the state income tax amounts to $2,453 per year, which is an effective state rate of 4.4%.
After all taxes, a Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado takes home approximately $3,693 per month, or about $21.31 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 2024 BLS median salary of $55,750 for Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic in Colorado, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Colorado state income tax (4.4% flat rate), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $44,326/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
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