Does Connecticut or Arkansas have lower taxes? We answer that in a variety of ways below:
Connecticut vs Arkansas Income Tax Comparison
Connecticut | Arkansas | |
Income Tax Rates & Thresholds |
|
|
Median Income | $90,730 | $53,980 |
Income Tax Paid On Median Household Income | $16,444 | $7,352 |
Income After Tax Based on Median Household Income | $74,286 | $46,628 |
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Connecticut vs Arkansas Property Tax Comparison
Connecticut | Arkansas | |
Average Property Tax Rate | 1.57% | 0.53% |
Average House Price By State | $401,285 | $199,284 |
Average Property Tax Owed Per Year | $6,300 | $1,056 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $67,986 | $45,572 |
Connecticut vs Arkansas Sales Tax Comparison
Connecticut | Arkansas | |
Average State Sales Tax | 6.35% | 6.50% |
Average Local Sales Tax Across the State | 0.00% | 2.97% |
Average Combined Sales Tax Rate | 6.35% | 9.47% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,059 | $3,942 |
Maximum Disposable Income Based on Median Household Income | $63,926 | $41,629 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Connecticut | Arkansas | |
Income Tax Owed | $4,090 | $4,906 |
After Tax Income | $35,910 | $35,094 |
Income After Income & Property Tax | $29,610 | $34,038 |
Maximum Disposable Income After Income, Property & Sales Taxes | $27,842 | $31,093 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Connecticut | Arkansas | |
Income Tax Owed | $8,018 | $8,933 |
After Tax Income | $51,982 | $51,067 |
Income After Income & Property Tax | $45,682 | $50,011 |
Maximum Disposable Income After Income, Property & Sales Taxes | $42,954 | $45,684 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Connecticut | Arkansas | |
Income Tax Owed | $13,493 | $14,433 |
After Tax Income | $66,507 | $65,567 |
Income After Income & Property Tax | $60,207 | $64,511 |
Maximum Disposable Income After Income, Property & Sales Taxes | $56,612 | $58,930 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Connecticut | Arkansas | |
Income Tax Owed | $18,993 | $19,933 |
After Tax Income | $81,007 | $80,067 |
Income After Income & Property Tax | $74,707 | $79,011 |
Maximum Disposable Income After Income, Property & Sales Taxes | $70,246 | $72,176 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Connecticut | Arkansas | |
Income Tax Owed | $11,881 | $13,525 |
After Tax Income | $88,119 | $86,475 |
Income After Income & Property Tax | $81,819 | $85,419 |
Maximum Disposable Income After Income, Property & Sales Taxes | $76,934 | $78,029 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Connecticut | Arkansas | |
Income Tax Owed | $24,566 | $26,330 |
After Tax Income | $125,434 | $123,670 |
Income After Income & Property Tax | $119,134 | $122,614 |
Maximum Disposable Income After Income, Property & Sales Taxes | $112,021 | $112,007 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Connecticut | Arkansas | |
Income Tax Owed | $38,316 | $40,080 |
After Tax Income | $161,684 | $159,920 |
Income After Income & Property Tax | $155,384 | $158,864 |
Maximum Disposable Income After Income, Property & Sales Taxes | $146,106 | $145,121 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Connecticut | Arkansas | |
Income Tax Owed | $53,115 | $54,749 |
After Tax Income | $196,885 | $195,251 |
Income After Income & Property Tax | $190,585 | $194,195 |
Maximum Disposable Income After Income, Property & Sales Taxes | $179,205 | $177,395 |
FAQ
Does Connecticut or Arkansas have lower income taxes?
Connecticut’s income tax falls into the following range:
- 3.00%: $0-$10,000
- 5.00%: $10,000-$50,000
- 5.50%: $50,001-$100,000
- 6.00%: $100,001-$200,000
- 6.50%: $200,001-$250,000
- 6.90%: $250,001-$500,000
- 6.99%: $500,001+
Whereas Arkansas’s income tax is the following
- 2.00%: $0-$4,300
- 4.00%: $4,300-$8,500
- 4.90%: $8,501+
Does Connecticut or Arkansas have lower property taxes?
Connecticut has an average property tax rate of 1.57%
In comparison, Arkansas has an average property tax rate of 0.53%
Does Connecticut or Arkansas have lower sales taxes?
Connecticut has a state sales tax rate of 6.35% and an average local rate of 0.00% for a combined total rate of 6.35%.
In contrast, Arkansas has a state sales tax rate of 6.50% and an average local rate of 2.97% for a combined total rate of 9.47%.
Do you get to keep more money in Connecticut or Arkansas?
Based on median household income after income, property and sales taxes Connecticut gives you a maximum amount of disposable income of $63,926
In comparison, Arkansas gives you $41,629.
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