Does Michigan or Vermont have lower taxes? We answer that in a variety of ways below:
Michigan vs Vermont Income Tax Comparison
Michigan | Vermont | |
Income Tax Rates & Thresholds | 4.25% |
|
Median Income | $68,990 | $72,190 |
Income Tax Paid On Median Household Income | $10,665 | $11,377 |
Income After Tax Based on Median Household Income | $58,325 | $60,813 |
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Michigan vs Vermont Property Tax Comparison
Michigan | Vermont | |
Average Property Tax Rate | 1.06% | 1.43% |
Average House Price By State | $233,019 | $383,882 |
Average Property Tax Owed Per Year | $2,470 | $5,490 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $55,855 | $55,323 |
Michigan vs Vermont Sales Tax Comparison
Michigan | Vermont | |
Average State Sales Tax | 6.00% | 6.00% |
Average Local Sales Tax Across the State | 0.00% | 0.24% |
Average Combined Sales Tax Rate | 6.00% | 6.24% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $3,162 | $3,249 |
Maximum Disposable Income Based on Median Household Income | $52,693 | $52,074 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Michigan | Vermont | |
Income Tax Owed | $4,528 | $4,022 |
After Tax Income | $35,472 | $35,978 |
Income After Income & Property Tax | $33,002 | $30,488 |
Maximum Disposable Income After Income, Property & Sales Taxes | $31,134 | $28,698 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Michigan | Vermont | |
Income Tax Owed | $8,305 | $7,891 |
After Tax Income | $51,695 | $52,109 |
Income After Income & Property Tax | $49,225 | $46,619 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,439 | $43,881 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Michigan | Vermont | |
Income Tax Owed | $13,555 | $13,611 |
After Tax Income | $66,445 | $66,389 |
Income After Income & Property Tax | $63,975 | $60,899 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,354 | $57,323 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Michigan | Vermont | |
Income Tax Owed | $18,805 | $19,331 |
After Tax Income | $81,195 | $80,669 |
Income After Income & Property Tax | $78,725 | $75,179 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,269 | $70,764 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Michigan | Vermont | |
Income Tax Owed | $12,306 | $11,445 |
After Tax Income | $87,694 | $88,555 |
Income After Income & Property Tax | $85,224 | $83,065 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,400 | $78,187 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Michigan | Vermont | |
Income Tax Owed | $24,486 | $24,800 |
After Tax Income | $125,514 | $125,200 |
Income After Income & Property Tax | $123,044 | $119,710 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,079 | $112,679 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Michigan | Vermont | |
Income Tax Owed | $37,611 | $39,233 |
After Tax Income | $162,389 | $160,767 |
Income After Income & Property Tax | $159,919 | $155,277 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,867 | $146,157 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Michigan | Vermont | |
Income Tax Owed | $51,655 | $54,952 |
After Tax Income | $198,345 | $195,048 |
Income After Income & Property Tax | $195,875 | $189,558 |
Maximum Disposable Income After Income, Property & Sales Taxes | $184,788 | $178,425 |
FAQ
Does Michigan or Vermont have lower income taxes?
Michigan’s income tax falls into the following range: 4.25%
Whereas Vermont’s income tax is the following
- 3.35%: $0-$42,150
- 6.60%: $42,151-$102,200
- 7.60%: $102,201-$213,150
- 8.75%: $213,151+
Does Michigan or Vermont have lower property taxes?
Michigan has an average property tax rate of 1.06%
In comparison, Vermont has an average property tax rate of 1.43%
Does Michigan or Vermont 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, Vermont has a state sales tax rate of 6.00% and an average local rate of 0.24% for a combined total rate of 6.24%.
Do you get to keep more money in Michigan or Vermont?
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, Vermont gives you $52,074.
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