Does Maryland or Arkansas have lower taxes? We answer that in a variety of ways below:
Maryland vs Arkansas Income Tax Comparison
Maryland | Arkansas | |
Income Tax Rates & Thresholds |
|
|
Median Income | $108,200 | $53,980 |
Income Tax Paid On Median Household Income | $21,525 | $7,352 |
Income After Tax Based on Median Household Income | $86,675 | $46,628 |
Top Accounting Software:
Maryland vs Arkansas Property Tax Comparison
Maryland | Arkansas | |
Average Property Tax Rate | 0.76% | 0.53% |
Average House Price By State | $416,643 | $199,284 |
Average Property Tax Owed Per Year | $3,166 | $1,056 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $83,509 | $45,572 |
Maryland vs Arkansas Sales Tax Comparison
Maryland | Arkansas | |
Average State Sales Tax | 6.00% | 6.50% |
Average Local Sales Tax Across the State | 0.00% | 2.97% |
Average Combined Sales Tax Rate | 6.00% | 9.47% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,727 | $3,942 |
Maximum Disposable Income Based on Median Household Income | $78,782 | $41,629 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Maryland | Arkansas | |
Income Tax Owed | $4,624 | $4,906 |
After Tax Income | $35,376 | $35,094 |
Income After Income & Property Tax | $32,210 | $34,038 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,386 | $31,093 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Maryland | Arkansas | |
Income Tax Owed | $8,502 | $8,933 |
After Tax Income | $51,498 | $51,067 |
Income After Income & Property Tax | $48,332 | $50,011 |
Maximum Disposable Income After Income, Property & Sales Taxes | $45,596 | $45,684 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Maryland | Arkansas | |
Income Tax Owed | $13,852 | $14,433 |
After Tax Income | $66,148 | $65,567 |
Income After Income & Property Tax | $62,982 | $64,511 |
Maximum Disposable Income After Income, Property & Sales Taxes | $59,417 | $58,930 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Maryland | Arkansas | |
Income Tax Owed | $19,202 | $19,933 |
After Tax Income | $80,798 | $80,067 |
Income After Income & Property Tax | $77,632 | $79,011 |
Maximum Disposable Income After Income, Property & Sales Taxes | $73,237 | $72,176 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Maryland | Arkansas | |
Income Tax Owed | $12,651 | $13,525 |
After Tax Income | $87,349 | $86,475 |
Income After Income & Property Tax | $84,183 | $85,419 |
Maximum Disposable Income After Income, Property & Sales Taxes | $79,417 | $78,029 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Maryland | Arkansas | |
Income Tax Owed | $25,081 | $26,330 |
After Tax Income | $124,919 | $123,670 |
Income After Income & Property Tax | $121,753 | $122,614 |
Maximum Disposable Income After Income, Property & Sales Taxes | $114,861 | $112,007 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Maryland | Arkansas | |
Income Tax Owed | $38,588 | $40,080 |
After Tax Income | $161,412 | $159,920 |
Income After Income & Property Tax | $158,246 | $158,864 |
Maximum Disposable Income After Income, Property & Sales Taxes | $149,288 | $145,121 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Maryland | Arkansas | |
Income Tax Owed | $53,167 | $54,749 |
After Tax Income | $196,833 | $195,251 |
Income After Income & Property Tax | $193,667 | $194,195 |
Maximum Disposable Income After Income, Property & Sales Taxes | $182,704 | $177,395 |
FAQ
Does Maryland or Arkansas have lower income taxes?
Maryland’s income tax falls into the following range:
- 2.00%: $0-$1,000
- 3.00%: $1,001-$2,000
- 4.00%: $2,001-$3,000
- 4.75%: $3,001-$100,000
- 5.00%: $100,001-$125,000
- 5.25%: $125,001-$150,000
- 5.50%: $150,001-$250,000
- 5.75%: $250,001+
Whereas Arkansas’s income tax is the following
- 2.00%: $0-$4,300
- 4.00%: $4,300-$8,500
- 4.90%: $8,501+
Does Maryland or Arkansas have lower property taxes?
Maryland has an average property tax rate of 0.76%
In comparison, Arkansas has an average property tax rate of 0.53%
Does Maryland or Arkansas have lower sales taxes?
Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.
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 Maryland or Arkansas?
Based on median household income after income, property and sales taxes Maryland gives you a maximum amount of disposable income of $78,782
In comparison, Arkansas gives you $41,629.
More Comparisons:
Maryland vs Mississippi
Maryland vs Kansas
Maryland vs New Mexico
Maryland vs Nebraska
Maryland vs Idaho
Sources: