Mississippi
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State and local tax shares of family income
Top 20% | |||||||
Income Group | Lowest 20% | Second 20% | Middle 20% | Fourth 20% | Next 15% | Next 4% | Top 1% |
Income Range | Less than $19,300 | $19,300 to $31,500 | $31,500 to $56,000 | $56,000 to $104,800 | $104,800 to $182,500 | $182,500 to $362,300 | Over $362,300 |
Average Income in Group | $11,700 | $24,300 | $43,000 | $76,000 | $133,800 | $244,600 | $619,600 |
Sales & Excise Taxes | 8.4% | 7.4% | 6.7% | 5.3% | 4.1% | 3.1% | 2% |
General Sales–Individuals | 4.6% | 4.2% | 4% | 3.1% | 2.3% | 1.6% | 0.8% |
Other Sales & Excise–Ind | 2.2% | 1.6% | 1.3% | 1% | 0.7% | 0.5% | 0.3% |
Sales & Excise–Business | 1.6% | 1.6% | 1.5% | 1.3% | 1.1% | 1% | 0.9% |
Property Taxes | 3.8% | 2.8% | 2.7% | 2.2% | 2.3% | 2.2% | 1.8% |
Home, Rent, Car–Individuals | 3.2% | 2.1% | 2.1% | 1.7% | 1.8% | 1.5% | 0.9% |
Other Property Taxes | 0.6% | 0.7% | 0.6% | 0.5% | 0.6% | 0.7% | 0.9% |
Income Taxes | 0.1% | 0.5% | 1.5% | 2.5% | 3.1% | 2.9% | 3.1% |
Personal Income Taxes | 0% | 0.4% | 1.4% | 2.4% | 3% | 2.8% | 3% |
Corporate Income Taxes | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% |
Other Taxes | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
TOTAL TAXES | 12.4% | 10.8% | 11% | 10.1% | 9.6% | 8.2% | 6.9% |
Individual figures may not sum to totals due to rounding. |
ITEP Tax Inequality Index
ITEP’s Tax Inequality Index measures the effects of each state’s tax system on income inequality. According to this measure, Mississippi has the 19th most regressive state and local tax system in the country. Income disparities are larger in Mississippi after state and local taxes are collected than before. (See Appendix B for state-by-state rankings and the report methodology for additional detail.)
Tax features driving the data in Mississippi
Levies a business franchise tax (though it is being phased out)
Levies personal and corporate income taxes
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No refundable income tax credits to offset sales, excise, and property taxes
Does not use combined reporting as part of its corporate income tax
All retirement income is exempted from the personal income tax
Does not levy a tax on estates or inheritances
Personal income tax uses a flat rate
Sales tax base includes groceries
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