Does Tennessee or Wisconsin have lower taxes? We answer that in a variety of ways below:
Tennessee vs Wisconsin Income Tax Comparison
Tennessee | Wisconsin | |
Income Tax Rates & Thresholds | None |
|
Median Income | $65,380 | $73,330 |
Income Tax Paid On Median Household Income | $7,151 | $11,817 |
Income After Tax Based on Median Household Income | $58,229 | $61,513 |
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Tennessee vs Wisconsin Property Tax Comparison
Tennessee | Wisconsin | |
Average Property Tax Rate | 0.42% | 1.15% |
Average House Price By State | $310,782 | $288,596 |
Average Property Tax Owed Per Year | $1,305 | $3,319 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $56,924 | $58,194 |
Tennessee vs Wisconsin Sales Tax Comparison
Tennessee | Wisconsin | |
Average State Sales Tax | 7.00% | 5.00% |
Average Local Sales Tax Across the State | 2.55% | 0.43% |
Average Combined Sales Tax Rate | 9.55% | 5.43% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,962 | $2,997 |
Maximum Disposable Income Based on Median Household Income | $51,961 | $55,197 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Tennessee | Wisconsin | |
Income Tax Owed | $3,040 | $4,191 |
After Tax Income | $36,960 | $35,809 |
Income After Income & Property Tax | $35,655 | $32,490 |
Maximum Disposable Income After Income, Property & Sales Taxes | $32,547 | $30,817 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Tennessee | Wisconsin | |
Income Tax Owed | $5,968 | $8,178 |
After Tax Income | $54,032 | $51,822 |
Income After Income & Property Tax | $52,727 | $48,503 |
Maximum Disposable Income After Income, Property & Sales Taxes | $48,130 | $46,005 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Tennessee | Wisconsin | |
Income Tax Owed | $10,368 | $13,638 |
After Tax Income | $69,632 | $66,362 |
Income After Income & Property Tax | $68,327 | $63,043 |
Maximum Disposable Income After Income, Property & Sales Taxes | $62,370 | $59,796 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Tennessee | Wisconsin | |
Income Tax Owed | $14,768 | $19,098 |
After Tax Income | $85,232 | $80,902 |
Income After Income & Property Tax | $83,927 | $77,583 |
Maximum Disposable Income After Income, Property & Sales Taxes | $76,610 | $73,587 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Tennessee | Wisconsin | |
Income Tax Owed | $8,481 | $12,140 |
After Tax Income | $91,519 | $87,860 |
Income After Income & Property Tax | $90,214 | $84,541 |
Maximum Disposable Income After Income, Property & Sales Taxes | $82,349 | $80,187 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Tennessee | Wisconsin | |
Income Tax Owed | $18,536 | $24,845 |
After Tax Income | $131,464 | $125,155 |
Income After Income & Property Tax | $130,159 | $121,836 |
Maximum Disposable Income After Income, Property & Sales Taxes | $118,812 | $115,561 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Tennessee | Wisconsin | |
Income Tax Owed | $29,536 | $38,495 |
After Tax Income | $170,464 | $161,505 |
Income After Income & Property Tax | $169,159 | $158,186 |
Maximum Disposable Income After Income, Property & Sales Taxes | $154,412 | $150,039 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Tennessee | Wisconsin | |
Income Tax Owed | $41,455 | $53,064 |
After Tax Income | $208,545 | $196,936 |
Income After Income & Property Tax | $207,240 | $193,617 |
Maximum Disposable Income After Income, Property & Sales Taxes | $189,174 | $183,645 |
FAQ
Does Tennessee or Wisconsin have lower income taxes?
Tennessee’s income tax falls into the following range: None
Whereas Wisconsin’s income tax is the following
- 3.54%: $0-$12,760
- 4.65%: $12,761-$25,520
- 5.30%: $25,521-$280,950
- 7.65%: $280,951+
Does Tennessee or Wisconsin have lower property taxes?
Tennessee has an average property tax rate of 0.42%
In comparison, Wisconsin has an average property tax rate of 1.15%
Does Tennessee or Wisconsin 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, Wisconsin has a state sales tax rate of 5.00% and an average local rate of 0.43% for a combined total rate of 5.43%.
Do you get to keep more money in Tennessee or Wisconsin?
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, Wisconsin gives you $55,197.
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