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Personal Income Tax in Mississippi

April 13, 2006

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If you are a resident or nonresident of Mississippi and receive taxable income individually from property owned or business transacted in Mississippi, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.

The following rates apply to the amount of income over the exempted amount:

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