Wisconsin vs Mississippi Taxes: Income, Property & Sales

Does Wisconsin or Mississippi have lower taxes? We answer that in a variety of ways below:

Wisconsin vs Mississippi Income Tax Comparison

	Wisconsin	Mississippi
Income Tax Rates & Thresholds	3.54%: $0-$12,760 4.65%: $12,761-$25,520 5.30%: $25,521-$280,950 7.65%: $280,951+	4.00%: $5,000-$10,000 5.00%: $10,001+
Median Income	$73,330	$48,610
Income Tax Paid On Median Household Income	$11,817	$5,789
Income After Tax Based on Median Household Income	$61,513	$42,821

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Wisconsin vs Mississippi Property Tax Comparison

	Wisconsin	Mississippi
Average Property Tax Rate	1.15%	0.55%
Average House Price By State	$288,596	$171,998
Average Property Tax Owed Per Year	$3,319	$946
Income After Income Taxes & Property Taxes Based On Median State Household Income	$58,194	$41,875

Wisconsin vs Mississippi Sales Tax Comparison

	Wisconsin	Mississippi
Average State Sales Tax	5.00%	7.00%
Average Local Sales Tax Across the State	0.43%	0.07%
Average Combined Sales Tax Rate	5.43%	7.07%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$2,997	$2,765
Maximum Disposable Income Based on Median Household Income	$55,197	$39,110

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Wisconsin	Mississippi
Income Tax Owed	$4,191	$4,325
After Tax Income	$35,809	$35,675
Income After Income & Property Tax	$32,490	$34,729
Maximum Disposable Income After Income, Property & Sales Taxes	$30,817	$32,436

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Wisconsin	Mississippi
Income Tax Owed	$8,178	$8,253
After Tax Income	$51,822	$51,747
Income After Income & Property Tax	$48,503	$50,801
Maximum Disposable Income After Income, Property & Sales Taxes	$46,005	$47,447

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Wisconsin	Mississippi
Income Tax Owed	$13,638	$13,653
After Tax Income	$66,362	$66,347
Income After Income & Property Tax	$63,043	$65,401
Maximum Disposable Income After Income, Property & Sales Taxes	$59,796	$61,082

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Wisconsin	Mississippi
Income Tax Owed	$19,098	$19,053
After Tax Income	$80,902	$80,947
Income After Income & Property Tax	$77,583	$80,001
Maximum Disposable Income After Income, Property & Sales Taxes	$73,587	$74,718

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Mississippi
Income Tax Owed	$12,140	$12,351
After Tax Income	$87,860	$87,649
Income After Income & Property Tax	$84,541	$86,703
Maximum Disposable Income After Income, Property & Sales Taxes	$80,187	$80,978

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Mississippi
Income Tax Owed	$24,845	$24,906
After Tax Income	$125,155	$125,094
Income After Income & Property Tax	$121,836	$124,148
Maximum Disposable Income After Income, Property & Sales Taxes	$115,561	$115,950

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Mississippi
Income Tax Owed	$38,495	$38,406
After Tax Income	$161,505	$161,594
Income After Income & Property Tax	$158,186	$160,648
Maximum Disposable Income After Income, Property & Sales Taxes	$150,039	$150,040

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Wisconsin	Mississippi
Income Tax Owed	$53,064	$52,825
After Tax Income	$196,936	$197,175
Income After Income & Property Tax	$193,617	$196,229
Maximum Disposable Income After Income, Property & Sales Taxes	$183,645	$183,272

FAQ

Does Wisconsin or Mississippi have lower income taxes?

Wisconsin’s income tax falls into the following range:

• 3.54%: $0-$12,760
• 4.65%: $12,761-$25,520
• 5.30%: $25,521-$280,950
• 7.65%: $280,951+

Whereas Mississippi’s income tax is the following

• 4.00%: $5,000-$10,000
• 5.00%: $10,001+

Does Wisconsin or Mississippi have lower property taxes?

Wisconsin has an average property tax rate of 1.15%

In comparison, Mississippi has an average property tax rate of 0.55%

Does Wisconsin or Mississippi have lower sales taxes?

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%.

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 Wisconsin or Mississippi?

Based on median household income after income, property and sales taxes Wisconsin gives you a maximum amount of disposable income of $55,197

In comparison, Mississippi gives you $39,110.

More Comparisons:

Wisconsin vs Kansas
Wisconsin vs New Mexico
Wisconsin vs Nebraska
Wisconsin vs Idaho
Wisconsin vs West Virginia

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/