Does Tennessee or Missouri have lower taxes? We answer that in a variety of ways below:
Tennessee vs Missouri Income Tax Comparison
Tennessee | Missouri | |
Income Tax Rates & Thresholds | None |
|
Median Income | $65,380 | $71,520 |
Income Tax Paid On Median Household Income | $7,151 | $11,476 |
Income After Tax Based on Median Household Income | $58,229 | $60,044 |
Top Accounting Software:
Tennessee vs Missouri Property Tax Comparison
Tennessee | Missouri | |
Average Property Tax Rate | 0.42% | 0.82% |
Average House Price By State | $310,782 | $239,743 |
Average Property Tax Owed Per Year | $1,305 | $1,966 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $56,924 | $58,078 |
Tennessee vs Missouri Sales Tax Comparison
Tennessee | Missouri | |
Average State Sales Tax | 7.00% | 4.23% |
Average Local Sales Tax Across the State | 2.55% | 4.06% |
Average Combined Sales Tax Rate | 9.55% | 8.29% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,962 | $4,446 |
Maximum Disposable Income Based on Median Household Income | $51,961 | $53,632 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Tennessee | Missouri | |
Income Tax Owed | $3,040 | $4,312 |
After Tax Income | $36,960 | $35,688 |
Income After Income & Property Tax | $35,655 | $33,722 |
Maximum Disposable Income After Income, Property & Sales Taxes | $32,547 | $31,141 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Tennessee | Missouri | |
Income Tax Owed | $5,968 | $8,320 |
After Tax Income | $54,032 | $51,680 |
Income After Income & Property Tax | $52,727 | $49,714 |
Maximum Disposable Income After Income, Property & Sales Taxes | $48,130 | $45,908 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Tennessee | Missouri | |
Income Tax Owed | $10,368 | $13,800 |
After Tax Income | $69,632 | $66,200 |
Income After Income & Property Tax | $68,327 | $64,234 |
Maximum Disposable Income After Income, Property & Sales Taxes | $62,370 | $59,317 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Tennessee | Missouri | |
Income Tax Owed | $14,768 | $19,280 |
After Tax Income | $85,232 | $80,720 |
Income After Income & Property Tax | $83,927 | $78,754 |
Maximum Disposable Income After Income, Property & Sales Taxes | $76,610 | $72,725 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Tennessee | Missouri | |
Income Tax Owed | $8,481 | $12,294 |
After Tax Income | $91,519 | $87,706 |
Income After Income & Property Tax | $90,214 | $85,740 |
Maximum Disposable Income After Income, Property & Sales Taxes | $82,349 | $79,176 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Tennessee | Missouri | |
Income Tax Owed | $18,536 | $25,048 |
After Tax Income | $131,464 | $124,952 |
Income After Income & Property Tax | $130,159 | $122,986 |
Maximum Disposable Income After Income, Property & Sales Taxes | $118,812 | $113,571 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Tennessee | Missouri | |
Income Tax Owed | $29,536 | $38,748 |
After Tax Income | $170,464 | $161,252 |
Income After Income & Property Tax | $169,159 | $159,286 |
Maximum Disposable Income After Income, Property & Sales Taxes | $154,412 | $147,092 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Tennessee | Missouri | |
Income Tax Owed | $41,455 | $53,367 |
After Tax Income | $208,545 | $196,633 |
Income After Income & Property Tax | $207,240 | $194,667 |
Maximum Disposable Income After Income, Property & Sales Taxes | $189,174 | $179,765 |
FAQ
Does Tennessee or Missouri have lower income taxes?
Tennessee’s income tax falls into the following range: None
Whereas Missouri’s income tax is the following
- 1.50%: $111-$1,121
- 2.00%: $1,122-$2,242
- 2.50%: $2,243-$3,363
- 3.00%: $3,364-$4,484
- 3.50%: $4,485-$5,605
- 4.00%: $5,606-$6,726
- 4.50%: $6,727-$7,847
- 5.00%: $7,848-$8,968
- 5.30%: $8,969+
Does Tennessee or Missouri have lower property taxes?
Tennessee has an average property tax rate of 0.42%
In comparison, Missouri has an average property tax rate of 0.82%
Does Tennessee or Missouri have lower sales taxes?
Tennessee has a state sales tax rate of 7.00% and an average local rate of 2.55% for a combined total rate of 9.55%.
In contrast, Missouri has a state sales tax rate of 4.23% and an average local rate of 4.06% for a combined total rate of 8.29%.
Do you get to keep more money in Tennessee or Missouri?
Based on median household income after income, property and sales taxes Tennessee gives you a maximum amount of disposable income of $51,961
In comparison, Missouri gives you $53,632.
More Comparisons:
Tennessee vs Maryland
Tennessee vs Wisconsin
Tennessee vs Colorado
Tennessee vs Minnesota
Tennessee vs South Carolina
Sources: