Does Washington or Mississippi have lower taxes? We answer that in a variety of ways below:
Washington vs Mississippi Income Tax Comparison
Washington | Mississippi | |
Income Tax Rates & Thresholds | 7.0% on capital gains income only |
|
Median Income | $89,430 | $48,610 |
Income Tax Paid On Median Household Income | $12,442 | $5,789 |
Income After Tax Based on Median Household Income | $76,988 | $42,821 |
Top Accounting Software:
Washington vs Mississippi Property Tax Comparison
Washington | Mississippi | |
Average Property Tax Rate | 0.70% | 0.55% |
Average House Price By State | $593,406 | $171,998 |
Average Property Tax Owed Per Year | $4,154 | $946 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $72,834 | $41,875 |
Washington vs Mississippi Sales Tax Comparison
Washington | Mississippi | |
Average State Sales Tax | 6.50% | 7.00% |
Average Local Sales Tax Across the State | 2.79% | 0.07% |
Average Combined Sales Tax Rate | 9.29% | 7.07% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $6,191 | $2,765 |
Maximum Disposable Income Based on Median Household Income | $66,643 | $39,110 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Washington | Mississippi | |
Income Tax Owed | $3,040 | $4,325 |
After Tax Income | $36,960 | $35,675 |
Income After Income & Property Tax | $32,806 | $34,729 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,018 | $32,436 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Washington | Mississippi | |
Income Tax Owed | $5,968 | $8,253 |
After Tax Income | $54,032 | $51,747 |
Income After Income & Property Tax | $49,878 | $50,801 |
Maximum Disposable Income After Income, Property & Sales Taxes | $45,638 | $47,447 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Washington | Mississippi | |
Income Tax Owed | $10,368 | $13,653 |
After Tax Income | $69,632 | $66,347 |
Income After Income & Property Tax | $65,478 | $65,401 |
Maximum Disposable Income After Income, Property & Sales Taxes | $59,912 | $61,082 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Washington | Mississippi | |
Income Tax Owed | $14,768 | $19,053 |
After Tax Income | $85,232 | $80,947 |
Income After Income & Property Tax | $81,078 | $80,001 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,186 | $74,718 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Washington | Mississippi | |
Income Tax Owed | $8,481 | $12,351 |
After Tax Income | $91,519 | $87,649 |
Income After Income & Property Tax | $87,365 | $86,703 |
Maximum Disposable Income After Income, Property & Sales Taxes | $79,939 | $80,978 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Washington | Mississippi | |
Income Tax Owed | $18,536 | $24,906 |
After Tax Income | $131,464 | $125,094 |
Income After Income & Property Tax | $127,310 | $124,148 |
Maximum Disposable Income After Income, Property & Sales Taxes | $116,488 | $115,950 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Washington | Mississippi | |
Income Tax Owed | $29,536 | $38,406 |
After Tax Income | $170,464 | $161,594 |
Income After Income & Property Tax | $166,310 | $160,648 |
Maximum Disposable Income After Income, Property & Sales Taxes | $152,173 | $150,040 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Washington | Mississippi | |
Income Tax Owed | $41,455 | $52,825 |
After Tax Income | $208,545 | $197,175 |
Income After Income & Property Tax | $204,391 | $196,229 |
Maximum Disposable Income After Income, Property & Sales Taxes | $187,017 | $183,272 |
FAQ
Does Washington or Mississippi have lower income taxes?
Washington’s income tax falls into the following range: 7.0% on capital gains income only
Whereas Mississippi’s income tax is the following
- 4.00%: $5,000-$10,000
- 5.00%: $10,001+
Does Washington or Mississippi have lower property taxes?
Washington has an average property tax rate of 0.70%
In comparison, Mississippi has an average property tax rate of 0.55%
Does Washington or Mississippi have lower sales taxes?
Washington has a state sales tax rate of 6.50% and an average local rate of 2.79% for a combined total rate of 9.29%.
In contrast, 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%.
Do you get to keep more money in Washington or Mississippi?
Based on median household income after income, property and sales taxes Washington gives you a maximum amount of disposable income of $66,643
In comparison, Mississippi gives you $39,110.
More Comparisons:
Washington vs Kansas
Washington vs New Mexico
Washington vs Nebraska
Washington vs Idaho
Washington vs West Virginia
Sources: