Does Michigan or Connecticut have lower taxes? We answer that in a variety of ways below:
Michigan vs Connecticut Income Tax Comparison
Michigan | Connecticut | |
Income Tax Rates & Thresholds | 4.25% |
|
Median Income | $68,990 | $90,730 |
Income Tax Paid On Median Household Income | $10,665 | $16,444 |
Income After Tax Based on Median Household Income | $58,325 | $74,286 |
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Michigan vs Connecticut Property Tax Comparison
Michigan | Connecticut | |
Average Property Tax Rate | 1.06% | 1.57% |
Average House Price By State | $233,019 | $401,285 |
Average Property Tax Owed Per Year | $2,470 | $6,300 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $67,986 |
Michigan vs Connecticut Sales Tax Comparison
Michigan | Connecticut | |
Average State Sales Tax | 6.00% | 6.35% |
Average Local Sales Tax Across the State | 0.00% | 0.00% |
Average Combined Sales Tax Rate | 6.00% | 6.35% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $4,059 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $63,926 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Connecticut | |
Income Tax Owed | $4,528 | $4,090 |
After Tax Income | $35,472 | $35,910 |
Income After Income & Property Tax | $33,002 | $29,610 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $27,842 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Connecticut | |
Income Tax Owed | $8,305 | $8,018 |
After Tax Income | $51,695 | $51,982 |
Income After Income & Property Tax | $49,225 | $45,682 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $42,954 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Connecticut | |
Income Tax Owed | $13,555 | $13,493 |
After Tax Income | $66,445 | $66,507 |
Income After Income & Property Tax | $63,975 | $60,207 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $56,612 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Connecticut | |
Income Tax Owed | $18,805 | $18,993 |
After Tax Income | $81,195 | $81,007 |
Income After Income & Property Tax | $78,725 | $74,707 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $70,246 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Connecticut | |
Income Tax Owed | $12,306 | $11,881 |
After Tax Income | $87,694 | $88,119 |
Income After Income & Property Tax | $85,224 | $81,819 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $76,934 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Connecticut | |
Income Tax Owed | $24,486 | $24,566 |
After Tax Income | $125,514 | $125,434 |
Income After Income & Property Tax | $123,044 | $119,134 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $112,021 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Connecticut | |
Income Tax Owed | $37,611 | $38,316 |
After Tax Income | $162,389 | $161,684 |
Income After Income & Property Tax | $159,919 | $155,384 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $146,106 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Connecticut | |
Income Tax Owed | $51,655 | $53,115 |
After Tax Income | $198,345 | $196,885 |
Income After Income & Property Tax | $195,875 | $190,585 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $179,205 |
FAQ
Does Michigan or Connecticut have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas Connecticut’s income tax is the following
- 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+
Does Michigan or Connecticut have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Connecticut has an average property tax rate of 1.57%
Does Michigan or Connecticut have lower sales taxes?
Michigan 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, 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%.
Do you get to keep more money in Michigan or Connecticut?
Based on median household income after income, property and sales taxes Michigan gives you a maximum amount of disposable income of $52,693
In comparison, Connecticut gives you $63,926.
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