Does Michigan or Oklahoma have lower taxes? We answer that in a variety of ways below:
Michigan vs Oklahoma Income Tax Comparison
Michigan | Oklahoma | |
Income Tax Rates & Thresholds | 4.25% |
|
Median Income | $68,990 | $63,440 |
Income Tax Paid On Median Household Income | $10,665 | $9,200 |
Income After Tax Based on Median Household Income | $58,325 | $54,240 |
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Michigan vs Oklahoma Property Tax Comparison
Michigan | Oklahoma | |
Average Property Tax Rate | 1.06% | 0.76% |
Average House Price By State | $233,019 | $200,203 |
Average Property Tax Owed Per Year | $2,470 | $1,522 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $52,718 |
Michigan vs Oklahoma Sales Tax Comparison
Michigan | Oklahoma | |
Average State Sales Tax | 6.00% | 4.50% |
Average Local Sales Tax Across the State | 0.00% | 4.47% |
Average Combined Sales Tax Rate | 6.00% | 8.97% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $4,340 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $48,379 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Oklahoma | |
Income Tax Owed | $4,528 | $4,403 |
After Tax Income | $35,472 | $35,597 |
Income After Income & Property Tax | $33,002 | $34,075 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $31,270 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Oklahoma | |
Income Tax Owed | $8,305 | $8,280 |
After Tax Income | $51,695 | $51,720 |
Income After Income & Property Tax | $49,225 | $50,198 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $46,066 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Oklahoma | |
Income Tax Owed | $13,555 | $13,630 |
After Tax Income | $66,445 | $66,370 |
Income After Income & Property Tax | $63,975 | $64,848 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $59,510 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Oklahoma | |
Income Tax Owed | $18,805 | $18,980 |
After Tax Income | $81,195 | $81,020 |
Income After Income & Property Tax | $78,725 | $79,498 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $72,954 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Oklahoma | |
Income Tax Owed | $12,306 | $12,178 |
After Tax Income | $87,694 | $87,822 |
Income After Income & Property Tax | $85,224 | $86,300 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $79,197 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Oklahoma | |
Income Tax Owed | $24,486 | $24,608 |
After Tax Income | $125,514 | $125,392 |
Income After Income & Property Tax | $123,044 | $123,870 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $113,674 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Oklahoma | |
Income Tax Owed | $37,611 | $37,983 |
After Tax Income | $162,389 | $162,017 |
Income After Income & Property Tax | $159,919 | $160,495 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $147,284 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Oklahoma | |
Income Tax Owed | $51,655 | $52,277 |
After Tax Income | $198,345 | $197,723 |
Income After Income & Property Tax | $195,875 | $196,201 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $180,051 |
FAQ
Does Michigan or Oklahoma have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas Oklahoma’s income tax is the following
- 0.25%: $0-$1,000
- 0.75%: $1,001-$2,500
- 1.75%: $2,501-$3,750
- 2.75%: $3,751-$4,900
- 3.75%: $4,901-$7,200
- 4.75%: $7,201+
Does Michigan or Oklahoma have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Oklahoma has an average property tax rate of 0.76%
Does Michigan or Oklahoma 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, Oklahoma has a state sales tax rate of 4.50% and an average local rate of 4.47% for a combined total rate of 8.97%.
Do you get to keep more money in Michigan or Oklahoma?
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, Oklahoma gives you $48,379.
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Michigan vs Arkansas
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