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Most tax revenue came from sales and gross receipts taxes ($5 billion) and income taxes ($2.3 billion).
The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
Below is a breakdown of how taxes were classified by the bureau and how much was collected.
2018 Mississippi Tax Collections
Type of Tax | Amount |
---|---|
Property taxes | $29,540,000 |
Sales and gross receipts taxes | $5,030,854,000 |
License taxes | $492,415,000 |
Income taxes | $2,290,344,000 |
Other taxes | $47,418,000 |
General sales and gross receipts taxes | $3,557,752,000 |
Selective sales and gross receipts taxes | $1,473,102,000 |
Alcoholic beverages sales tax | $40,883,000 |
Amusements sales tax | $129,880,000 |
Insurance premiums sales tax | $338,576,000 |
Motor fuels sales tax | $436,245,000 |
Pari-mutuels sales tax | $0 |
Public utilities sales tax | $1,496,000 |
Tobacco products sales tax | $139,733,000 |
Other selective sales and gross receipts taxes | $386,289,000 |
Alcoholic beverages license | $1,252,000 |
Amusements license | $26,515,000 |
Corporations in general license | $137,989,000 |
Hunting and fishing license | $2,703,000 |
Motor vehicle license | $158,283,000 |
Motor vehicle operators license | $14,362,000 |
Public utilities license | $6,583,000 |
Occupation and business license, nec | $81,682,000 |
Other license taxes | $63,046,000 |
Individual income taxes | $1,852,937,000 |
Corporations net income taxes | $437,407,000 |
Death and gift taxes | $0 |
Documentary and stock transfer taxes | $0 |
Severance taxes | $47,418,000 |
Taxes, nec | $0 |