May 16, 2021

Mississippi Today: Mississippi could help long-neglected poor with Rescue Plan payments

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For instance, those earning less than $16,100 pay 10.2% of their income on state and local taxes, primarily because of Mississippi’s high sales tax rate, which includes the 7% tax on groceries. Those in the middle — earning between $43,000 and $77,500 pay — pay 9.2% of their income on state and local taxes, while those earning more than $162,200 pay 6.5% of their income on state and local taxes, a study by the Institute on Taxation and Economic Policy says.

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