Does Mississippi or Vermont have lower taxes? We answer that in a variety of ways below:
Mississippi vs Vermont Income Tax Comparison
Mississippi | Vermont | |
Income Tax Rates & Thresholds |
|
|
Median Income | $48,610 | $72,190 |
Income Tax Paid On Median Household Income | $5,789 | $11,377 |
Income After Tax Based on Median Household Income | $42,821 | $60,813 |
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Mississippi vs Vermont Property Tax Comparison
Mississippi | Vermont | |
Average Property Tax Rate | 0.55% | 1.43% |
Average House Price By State | $171,998 | $383,882 |
Average Property Tax Owed Per Year | $946 | $5,490 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $41,875 | $55,323 |
Mississippi vs Vermont Sales Tax Comparison
Mississippi | Vermont | |
Average State Sales Tax | 7.00% | 6.00% |
Average Local Sales Tax Across the State | 0.07% | 0.24% |
Average Combined Sales Tax Rate | 7.07% | 6.24% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $2,765 | $3,249 |
Maximum Disposable Income Based on Median Household Income | $39,110 | $52,074 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Mississippi | Vermont | |
Income Tax Owed | $4,325 | $4,022 |
After Tax Income | $35,675 | $35,978 |
Income After Income & Property Tax | $34,729 | $30,488 |
Maximum Disposable Income After Income, Property & Sales Taxes | $32,436 | $28,698 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Mississippi | Vermont | |
Income Tax Owed | $8,253 | $7,891 |
After Tax Income | $51,747 | $52,109 |
Income After Income & Property Tax | $50,801 | $46,619 |
Maximum Disposable Income After Income, Property & Sales Taxes | $47,447 | $43,881 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Mississippi | Vermont | |
Income Tax Owed | $13,653 | $13,611 |
After Tax Income | $66,347 | $66,389 |
Income After Income & Property Tax | $65,401 | $60,899 |
Maximum Disposable Income After Income, Property & Sales Taxes | $61,082 | $57,323 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Mississippi | Vermont | |
Income Tax Owed | $19,053 | $19,331 |
After Tax Income | $80,947 | $80,669 |
Income After Income & Property Tax | $80,001 | $75,179 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,718 | $70,764 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Mississippi | Vermont | |
Income Tax Owed | $12,351 | $11,445 |
After Tax Income | $87,649 | $88,555 |
Income After Income & Property Tax | $86,703 | $83,065 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,978 | $78,187 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Mississippi | Vermont | |
Income Tax Owed | $24,906 | $24,800 |
After Tax Income | $125,094 | $125,200 |
Income After Income & Property Tax | $124,148 | $119,710 |
Maximum Disposable Income After Income, Property & Sales Taxes | $115,950 | $112,679 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Mississippi | Vermont | |
Income Tax Owed | $38,406 | $39,233 |
After Tax Income | $161,594 | $160,767 |
Income After Income & Property Tax | $160,648 | $155,277 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,040 | $146,157 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Mississippi | Vermont | |
Income Tax Owed | $52,825 | $54,952 |
After Tax Income | $197,175 | $195,048 |
Income After Income & Property Tax | $196,229 | $189,558 |
Maximum Disposable Income After Income, Property & Sales Taxes | $183,272 | $178,425 |
FAQ
Does Mississippi or Vermont have lower income taxes?
Mississippi’s income tax falls into the following range:
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
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 Mississippi or Vermont have lower property taxes?
Mississippi has an average property tax rate of 0.55%
In comparison, Vermont has an average property tax rate of 1.43%
Does Mississippi or Vermont have lower sales taxes?
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%.
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 Mississippi or Vermont?
Based on median household income after income, property and sales taxes Mississippi gives you a maximum amount of disposable income of $39,110
In comparison, Vermont gives you $52,074.
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Kansas vs Idaho
Kansas vs West Virginia
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