Tennessee Sounds Good To Me
Some reasons that I live here:
The typical Tennessean pays about 20% less in state taxes than workers in other states, according to a new study by the U.S. Bureau of Census.
And a separate study by the Tax Foundation recently found Tennessee’s state and local tax burdens are the fourth lowest among the 50 states this year. According to the foundation’s Web site, the organization is an independent nonprofit that analyzes data from all levels of government; explores the effect of tax policy on businesses and individuals alike; and channels the information to the public.
The U.S. Bureau of Census found that the typical Tennessee taxpayer paid $1,508 in state taxes during 2003, or $375.24 less than the U.S. average. Only Texas, South Dakota, Alabama and Colorado had lower per-capita state tax burdens.
Tennessee trailed only Alaska, New Hampshire and Delaware in the Tax Foundation rankings of lowest state and local tax states.
But the downside:
However, the state does have the highest sales tax in the nation — ranging as high as 9.25% when local rates are added to the state levy, the foundation says.
June 14th, 2004 at 2:08 pm
It certainly is fortunate that the State of Tennessee is one of the highest for receiving federal funds. Otherwise, what would our taxes be? Also, our business must have the type of structure not business friendly in Tennessee since we paid a lot less taxes personally and business-wise in Florida.
June 14th, 2004 at 3:43 pm
I wonder how county and municipal taxes rank here…
June 14th, 2004 at 4:55 pm
I started reading and thought, “damn, I’ve got kin in Tennessee and they pay a LOT more taxes than we do” — and then I saw the Texas reference.
June 14th, 2004 at 5:54 pm
First thought, State Tax?
Then I saw the Texas reference as well ^_^
June 15th, 2004 at 12:07 pm
The other downside: TN ranks 47th in per-student spending on K-12 education.
June 15th, 2004 at 3:21 pm
.. And they let illegal aliens drive with a “Driver’s Certificate”.