Does Massachusetts or Mississippi have lower taxes? We answer that in a variety of ways below:
Massachusetts vs Mississippi Income Tax Comparison
Massachusetts | Mississippi | |
Income Tax Rates & Thresholds | 5.00% |
|
Median Income | $93,550 | $48,610 |
Income Tax Paid On Median Household Income | $17,806 | $5,789 |
Income After Tax Based on Median Household Income | $75,744 | $42,821 |
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Massachusetts vs Mississippi Property Tax Comparison
Massachusetts | Mississippi | |
Average Property Tax Rate | 0.94% | 0.55% |
Average House Price By State | $608,542 | $171,998 |
Average Property Tax Owed Per Year | $5,720 | $946 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $70,024 | $41,875 |
Massachusetts vs Mississippi Sales Tax Comparison
Massachusetts | Mississippi | |
Average State Sales Tax | 6.25% | 7.00% |
Average Local Sales Tax Across the State | 0.00% | 0.07% |
Average Combined Sales Tax Rate | 6.25% | 7.07% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,119 | $2,765 |
Maximum Disposable Income Based on Median Household Income | $65,905 | $39,110 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Massachusetts | Mississippi | |
Income Tax Owed | $4,820 | $4,325 |
After Tax Income | $35,180 | $35,675 |
Income After Income & Property Tax | $29,460 | $34,729 |
Maximum Disposable Income After Income, Property & Sales Taxes | $27,727 | $32,436 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Massachusetts | Mississippi | |
Income Tax Owed | $8,748 | $8,253 |
After Tax Income | $51,252 | $51,747 |
Income After Income & Property Tax | $45,532 | $50,801 |
Maximum Disposable Income After Income, Property & Sales Taxes | $42,853 | $47,447 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Massachusetts | Mississippi | |
Income Tax Owed | $14,148 | $13,653 |
After Tax Income | $65,852 | $66,347 |
Income After Income & Property Tax | $60,132 | $65,401 |
Maximum Disposable Income After Income, Property & Sales Taxes | $56,595 | $61,082 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Massachusetts | Mississippi | |
Income Tax Owed | $19,548 | $19,053 |
After Tax Income | $80,452 | $80,947 |
Income After Income & Property Tax | $74,732 | $80,001 |
Maximum Disposable Income After Income, Property & Sales Taxes | $70,336 | $74,718 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Massachusetts | Mississippi | |
Income Tax Owed | $13,041 | $12,351 |
After Tax Income | $86,959 | $87,649 |
Income After Income & Property Tax | $81,239 | $86,703 |
Maximum Disposable Income After Income, Property & Sales Taxes | $76,460 | $80,978 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Massachusetts | Mississippi | |
Income Tax Owed | $25,596 | $24,906 |
After Tax Income | $124,404 | $125,094 |
Income After Income & Property Tax | $118,684 | $124,148 |
Maximum Disposable Income After Income, Property & Sales Taxes | $111,702 | $115,950 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Massachusetts | Mississippi | |
Income Tax Owed | $39,096 | $38,406 |
After Tax Income | $160,904 | $161,594 |
Income After Income & Property Tax | $155,184 | $160,648 |
Maximum Disposable Income After Income, Property & Sales Taxes | $146,055 | $150,040 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Massachusetts | Mississippi | |
Income Tax Owed | $53,515 | $52,825 |
After Tax Income | $196,485 | $197,175 |
Income After Income & Property Tax | $190,765 | $196,229 |
Maximum Disposable Income After Income, Property & Sales Taxes | $179,543 | $183,272 |
FAQ
Does Massachusetts or Mississippi have lower income taxes?
Massachusetts’s income tax falls into the following range: 5.00%
Whereas Mississippi’s income tax is the following
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
Does Massachusetts or Mississippi have lower property taxes?
Massachusetts has an average property tax rate of 0.94%
In comparison, Mississippi has an average property tax rate of 0.55%
Does Massachusetts or Mississippi have lower sales taxes?
Massachusetts has a state sales tax rate of 6.25% and an average local rate of 0.00% for a combined total rate of 6.25%.
In contrast, Mississippi has a state sales tax rate of 7.00% and an average local rate of 0.07% for a combined total rate of 7.07%.
Do you get to keep more money in Massachusetts or Mississippi?
Based on median household income after income, property and sales taxes Massachusetts gives you a maximum amount of disposable income of $65,905
In comparison, Mississippi gives you $39,110.
More Comparisons:
Massachusetts vs Kansas
Massachusetts vs New Mexico
Massachusetts vs Nebraska
Massachusetts vs Idaho
Massachusetts vs West Virginia
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