Does Mississippi or Washington DC have lower taxes? We answer that in a variety of ways below:
Mississippi vs Washington DC Income Tax Comparison
Mississippi | Washington DC | |
Income Tax Rates & Thresholds |
|
|
Median Income | $48,610 | $101,700 |
Income Tax Paid On Median Household Income | $5,789 | $21,086 |
Income After Tax Based on Median Household Income | $42,821 | $80,614 |
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Mississippi vs Washington DC Property Tax Comparison
Mississippi | Washington DC | |
Average Property Tax Rate | 0.55% | 0.57% |
Average House Price By State | $171,998 | $728,227 |
Average Property Tax Owed Per Year | $946 | $4,151 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $41,875 | $76,463 |
Mississippi vs Washington DC Sales Tax Comparison
Mississippi | Washington DC | |
Average State Sales Tax | 7.00% | 6.00% |
Average Local Sales Tax Across the State | 0.07% | 0.00% |
Average Combined Sales Tax Rate | 7.07% | 6.00% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $2,765 | $4,328 |
Maximum Disposable Income Based on Median Household Income | $39,110 | $72,135 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Mississippi | Washington DC | |
Income Tax Owed | $4,325 | $4,463 |
After Tax Income | $35,675 | $35,537 |
Income After Income & Property Tax | $34,729 | $31,386 |
Maximum Disposable Income After Income, Property & Sales Taxes | $32,436 | $29,610 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Mississippi | Washington DC | |
Income Tax Owed | $8,253 | $8,626 |
After Tax Income | $51,747 | $51,374 |
Income After Income & Property Tax | $50,801 | $47,223 |
Maximum Disposable Income After Income, Property & Sales Taxes | $47,447 | $44,550 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Mississippi | Washington DC | |
Income Tax Owed | $13,653 | $14,467 |
After Tax Income | $66,347 | $65,533 |
Income After Income & Property Tax | $65,401 | $61,382 |
Maximum Disposable Income After Income, Property & Sales Taxes | $61,082 | $57,908 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Mississippi | Washington DC | |
Income Tax Owed | $19,053 | $20,567 |
After Tax Income | $80,947 | $79,433 |
Income After Income & Property Tax | $80,001 | $75,282 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,718 | $71,021 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Mississippi | Washington DC | |
Income Tax Owed | $12,351 | $13,179 |
After Tax Income | $87,649 | $86,821 |
Income After Income & Property Tax | $86,703 | $82,670 |
Maximum Disposable Income After Income, Property & Sales Taxes | $80,978 | $77,991 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Mississippi | Washington DC | |
Income Tax Owed | $24,906 | $27,484 |
After Tax Income | $125,094 | $122,516 |
Income After Income & Property Tax | $124,148 | $118,365 |
Maximum Disposable Income After Income, Property & Sales Taxes | $115,950 | $111,665 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Mississippi | Washington DC | |
Income Tax Owed | $38,406 | $42,734 |
After Tax Income | $161,594 | $157,266 |
Income After Income & Property Tax | $160,648 | $153,115 |
Maximum Disposable Income After Income, Property & Sales Taxes | $150,040 | $144,448 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Mississippi | Washington DC | |
Income Tax Owed | $52,825 | $58,903 |
After Tax Income | $197,175 | $191,097 |
Income After Income & Property Tax | $196,229 | $186,946 |
Maximum Disposable Income After Income, Property & Sales Taxes | $183,272 | $176,364 |
FAQ
Does Mississippi or Washington DC have lower income taxes?
Mississippi’s income tax falls into the following range:
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
Whereas Washington DC’s income tax is the following
- 4.00%: $0-$10,000
- 6.00%: $10,001-$40,000
- 6.50%: $40,001-$60,000
- 8.50%: $60,001-$250,000
- 9.25%: $250,001-$500,000
- 9.75%: $500,001-$1,000,000
- 10.75%: $,1000,001+
Does Mississippi or Washington DC have lower property taxes?
Mississippi has an average property tax rate of 0.55%
In comparison, Washington DC has an average property tax rate of 0.57%
Does Mississippi or Washington DC 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, Washington DC 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%.
Do you get to keep more money in Mississippi or Washington DC?
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, Washington DC gives you $72,135.
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